NESCO

Reasons for buying:

Buy PE was reasonable at 14.21 and below 10 years PE median of 17.63.

Earnings have been increasing since 2012 and there is a dip in earnings in 2020 due to pandemic.

Return on equity is ok at 11%.

Zero debt company with ₹53cr in cash.

The market cap of the company is ₹3,865.08cr.

Buy date: 29-Oct-2020

Qty: 19   Buy Price: ₹499    Buy EPS: 35.1   Buy PE: 14.21

Q4 results were released on 28th May and the current EPS is 24.48 down about -30.26% from my buy EPS.

The price of the stock is up about 9.52% from my buy price.

The company operates IT Park, Bombay exhibition center, and few other businesses. It may take some time for the company to get to the growth path. If the share price falls to 449 my buy price/current EPS will be 18.34 so will certainly add shares worth ₹10,000. The price return is 17.92% in the last decade.