Reasons for buying:
Earnings have been increasing since 2013.
Return on equity is good at 35.98%.
Zero debt company with ₹788.65cr in cash.
The market cap of the company is ₹5,332.33cr.
Buy date: 29-Sep-2020
Qty: 3 Buy Price: ₹3399.07 Buy EPS: 196.94 Buy PE: 17.25
Q4 results were released on 27th April and the current EPS is 201.27 up about 2.20% from my buy EPS.
The price of the stock is up about 3.69% from my buy price.
The company manufactures and distributes cigarettes and unmanufactured tobacco under the brand names of Charms, Charminar, Gold, Moments, and Zaffran. I like cash-rich companies with predictable earnings even though the price goes nowhere for some time. I will add shares if the share price falls 10% from my buy price. The price return is 14.62% in the last 10 years.
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