Reasons for buying:
Earnings have been increasing since 2016 and there is a dip in earnings in 2020 due to pandemic.
Return on equity is good at 15.95%.
The debt of the company is ₹13.36cr with ₹281.97cr in cash.
The market cap of the company is ₹4,540.84cr.
Buy date: 12-Oct-2020
Qty: 119 Buy Price: ₹83.7 Buy EPS: 5.94 Buy PE: 14.09
Q4 results were not released and the current EPS is 4.55 down about -23.40% from my buy EPS.
The price of the stock is up about 31.13% from my buy price.
The company is a manufacturer in North East India. The company serves public works departments, Indian railways, and the ministry of defense, among others. If the share price falls to 75 my buy price/current EPS will be 18.39 so will certainly add shares worth ₹10,000. The price return is -5.41% in the last 3 years.
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