Reasons for buying:
Buy PE was reasonable at 19.16 and above 10 years PE median of 17.93.
Earnings have quadrupled since 2012.
Return on equity is good at 18.97%.
The debt of the company is ₹2,470.70cr with ₹8,760.60cr cash.
The market cap of the company is ₹98,772.06cr.
Buy date: 29-Oct-2020
Qty: 12 Buy Price: ₹790 Buy EPS: 41.23 Buy PE: 19.16
Q4 results were released on 26th April and the current EPS is 45.71 up about 10.87% from my buy EPS.
The price of the stock is up about 29.23% from my buy price.
I am a software engineer and hold 6% of my portfolio in technology. I would like to add few stocks but they are richly valued for my liking.
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