Reasons for buying:
Buy PE was reasonable at 13.48 above 10 PE median of 10.7.
Earnings growth is good since 2015.
Return on equity is good at 27%.
Return on assets is 6.56%.
The market cap of the company is ₹61,280.66cr.
Buy date: 17-Nov-2020
Qty: 8 Buy Price: ₹1160 Buy EPS: 86 Buy PE: 13.48
Q4 results were released on June 2nd and the current EPS is 94.83 up about 10.27% from my buy EPS.
The price of the stock is up about 30.17% from my buy price and received ₹160 as dividends so far.
The loans are secured by goal jewelry if they loan prudently the company is here to stay. I have invested in Manappuram Finance too and will continue to be a long-term holder.
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