Reasons for buying:
Buy PE was reasonable at 16.69 and above 10 years PE median of 9.65. I paid a premium for this stock.
Earnings have increased since 2012 and at a good rate.
Return on equity is excellent at 36.36%.
The market cap of the company is ₹905.75cr.
The debt of the company is ₹43.01cr with ₹14.04cr in cash.
Buy date: 12-Nov-2021
Qty: 9 Buy Price: ₹1,069.00 Buy EPS: 64.02 Buy PE: 16.69
The price of the stock is down about -3.65% from my buy price.
The company is in the business of manufacturing technical textiles.
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