ITC

Reasons for buying:

Buy PE was reasonable at 16.58 and below 10 years PE median of 29.49.

Earnings have been increasing in the last decade.

Return on equity is good at 20.95%.

Close to zero debt company with ₹25,225.67cr in cash.

The market cap of the company is ₹2,60,270.51cr.

Buy date: 28-Aug-2020

Qty: 51   Buy Price: ₹194.84   Buy EPS: 11.75   Buy PE: 16.58

The stock took a dip after my purchase, EPS did not change so I have added 57 shares.

Buy date: 29-Sep-2020

Qty: 57   Buy Price: ₹173.91   Buy EPS: 11.75   Buy PE: 14.80

Q4 results were released on 1st June and the current EPS is 10.69  down about -9.02% from my buy EPS.

The price of the stock is up about 17.93% from my average buy price and received a dividend of ₹540 so far and will get ₹621 on 10th June 2021.

The company operates in the consumer goods space, particularly cigarettes. The price return is 5.06% in the last 10 years.

British American Tobacco holds 31% of ITC Ltd. I also hold BTI as part of my foreign portfolio.