Arihant Capital Markets

Reasons for buying:

Buy PE was reasonable at 7.62 and below 10 years PE median of 8.33.

Earnings have increased 8 times since 2012 and 5- Year average revenue is 4.79%.

Return on equity is good at 20.91% but the 5-year average is 16.68%.

The 5-year average return on assets is 7.38%.

The market cap of the company is ₹290.58cr.

Buy date: 12-Nov-2021

Qty: 65 Buy Price: ₹152.70 Buy EPS: 20.02 Buy PE: 7.62 

The price of the stock is down about -8.48% from my buy price.

Arihant Capital Markets Ltd is a holding company, which is engaged in the provision of financial services. It provides a gamut of products and services including equities, commodities, currency, financial planning, depository services, priority client group services (PCG), merchant banking, and investment banking services to a substantial and diversified clientele that includes individuals, corporations, and financial institutions. It also offers online and mobile trading, algorithmic trading, depository, and real estate services, as well as provides stock lending and borrowing, investment and trading webinars, insurance, and RGESS services. Geographically, all the operations function through the region of India.