Reasons for buying:
Buy PE was good at 4.12 and below 5 years PE median of 10.77.
Earnings have been increasing since 2011.
Return on equity is good at 17.58%.
Return on Assets is 2.44%
The market cap of the company is ₹2,322.59cr.
Buy date: 14-Oct-2020
Qty: 50 Buy Price: ₹197.77 Buy EPS: 47.98 Buy PE: 4.12
Q4 results were not released and the current EPS is 46.54 down about -3% from my buy EPS.
The price of the stock is up about 88.72% from my buy price.
The company provides individual home loans and loans against property. Having bought it at cheap valuations I think I can get a multi-bagger out of it in the future. The price return is -11.22% in the last five years, this can happen when stock is bought at higher levels. The stock was trading at above 30 PE 5 years back.
No comments:
Post a Comment