Indian stock alert

INDIA

CLOSING UPDATE: Reliance Industries increases further 1.9%, led CNX Energy index higher 18 October 2017 17:10 IST

NEWS BITES - BRIC

This is an end of day Alert, produced after today's Indian market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

Reliance Industries, India's largest integrated oil & gas company by market capitalisation, has climbed 4.6% to trade at Rs914.50 vs. the CNX Energy index which strengthened 365.9 points (or 2.7%) to 14,093.9. Representing a weighting of about 36.4% of the index, the stock accounted for 62.8% of today's gain. The shares have outperformed 86% of the market in the past week. Trading volume was 95% of average at the end of the day. Compared with the BSE SENSEX Index which fell 24.8 points (or 0.08%) in the day, this represented a relative price increase of 4.7%.

Technical indicators complementing today's significant uptrend:

+ The positive 19.79 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ In the last one month the stock has hit a new 52-week high five times and in the last three months fifteen times, pointing to a significant uptrend.

+ The price jumped 8.8% in the last week and 8.2% in the last month.

+ The present value of Rs1,000 invested one year ago is Rs1,717 [vs Rs1,162 for the BSE SENSEX Index].

Fundamental measures by comparison with the sector average [in brackets] indicate:

Undervaluation:

+ Dividend yield of 0.6% [0.3%]

Other Bullish Signals include:

+ The company is cash rich with Cash to Market Capitalisation at 10.6%.

+ Interest cover is less leveraged at 11.4 times.

+ Tobin's Q Ratio is 0.8. Compared with the rest of the market the stock is undervalued.

+ Net profit margin has averaged 8.3% in the last 3 years. This is better than the sector average of 8.1% and suggests a high margin of safety.

+ The Brand Value represents 5.2% of the estimated Enterprise Value of Rs7,657 billion (US$117.9 billion).

Note

Bearish Signals:

As per the Du Pont analysis, Return on Equity of 11.3% is lower than sector average of 11.3%.

Overbought/Bearish:

The 0.4% discount to 12-month high of Rs917.90 against the 98.1% premium to 12-month low of Rs461.62 suggests the climb might be peaking.

TODAY'S ALERTS

Afternoon Alert: Reliance Industries lifts 2.6%, leads CNX Energy index higher

18 October 2017 12:58 IST

Reliance Industries Ltd. (NSE:RELIANCE) has lifted 2.6% to trade at Rs897.40 vs. the CNX Energy index which strengthened 241.0 points (or 1.8%) to 13,969.0. Representing a weighting of about 36.0% of the index, the stock accounted for 54.0% of today's gain. The shares have outperformed 88% of the market in the past week. Trading volume was 1.3 times average so far today.

Morning Alert: Reliance Industries increases 1.0%, leads CNX Energy index higher

18 October 2017 10:16 IST

Reliance Industries Ltd. (NSE:RELIANCE) has increased 1.0% to trade at Rs883.20 vs. the CNX Energy index which strengthened 137.4 points (or 1%) to 13,865.5. Representing a weighting of about 35.7% of the index, the stock accounted for 36.1% of today's gain. The shares have outperformed 83% of the market in the past week. Trading volume was 68% of average so far today.

RECENT ALERTS

CLOSING UPDATE: Reliance Industries decreases 0.3%

17 October 2017 17:10 IST

Reliance Industries, India's largest integrated oil & gas company by market capitalisation, traded on volume of 0.4 times average today while the price decreased Rs2.45 (or 0.3%) to trade at Rs874.35. Compared with the BSE SENSEX Index which fell 24.5 points (or 0.08%) in the day, this represented a relative price change of -0.2%.

Morning Alert: Reliance Industries keeps rising: up 4.5% in 4 days

17 October 2017 10:17 IST

Reliance Industries Ltd. (NSE:RELIANCE) extended its gains on Tuesday, rising an additional Rs1.10 (or 0.1%) to trade at Rs877.90. Trading volume was 70% of average so far today.

Reliance Industries Ltd. (NSE:RELIANCE; BSE:RELIANCE; NS:RELIANCE; IN:RELIANCE)

ISIN: INE002A01018

PermID: 4295872979

Source: www.BuySellSignals.com