Indian stock alert

INDIA

CLOSING UPDATE: Reliance Industries increases 1.3%, led CNX Energy index higher 19 January 2018 17:30 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 increased 1.3% to trade at Rs931.30 vs. the CNX Energy index which strengthened 134.3 points (or 1%) to 14,128.1. Representing a weighting of about 37.0% of the index, the stock accounted for 48.6% of today's gain. Trading volume was 27% of average at the end of the day. Compared with the BSE SENSEX Index which rose 251.3 points (or 0.7%) in the day, this represented a relative price increase of 0.6%.

Technical indicators complementing today's significant uptrend:

+ The positive 3.04 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ The 2.9% discount to 12-month high of Rs959.50 against the 85.2% premium to 12-month low of Rs502.71 suggests the stock continues to push for new highs.

+ In the last three months the stock has hit a new 52-week high five times, pointing to an uptrend.

+ The present value of Rs1,000 invested one year ago is Rs1,828 [vs Rs1,300 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 10.4%.

+ 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 5.0% of the estimated Enterprise Value of Rs7,763.4 billion (US$121.9 billion).

+ As per the Du Pont analysis, Return on Equity of 11.3% is better than sector average of 10.8%.

Note

Bearish Signals:

The price decreased 1.9% in the last week.

TODAY'S ALERTS

Afternoon Alert: Reliance Industries increases 0.6%, leads market higher

19 January 2018 13:00 IST

Reliance Industries Ltd. (NSE:RELIANCE) has increased 0.6% to trade at Rs924.90 vs. the BSE SENSEX Index which strengthened 72.5 points (or 0.2%) to 35,332.8. Representing a weighting of about 9.9% of the index, the stock accounted for 26.6% of today's gain. Trading volume was 87% of average so far today.

Morning Alert: Reliance Industries increases 1.0%, leads market higher

19 January 2018 10:21 IST

Reliance Industries Ltd. (NSE:RELIANCE) has increased 1.0% to trade at Rs929.10 vs. the BSE SENSEX Index which strengthened 72.5 points (or 0.2%) to 35,332.8. Representing a weighting of about 9.9% of the index, the stock accounted for 48.3% of today's gain. Trading volume was 1.1 times average so far today.

RECENT ALERTS

CLOSING UPDATE: Reliance Industries decreases 0.5%, led CNX Energy index lower

18 January 2018 17:24 IST

Reliance Industries, India's largest integrated oil & gas company by market capitalisation, has decreased 0.5% to trade at Rs919.70 vs. the CNX Energy index which weakened 147.1 points (or 1%) to 13,993.8. Representing a weighting of about 36.8% of the index, the stock accounted for 18.4% of today's loss. Trading volume was 25% of average at the end of the day. Compared with the BSE SENSEX Index which rose 178.5 points (or 0.5%) in the day, this represented a relative price change of -1.0%.

Afternoon Alert: Reliance Industries inches higher, resistance at 12-day EMA

18 January 2018 13:00 IST

Reliance Industries Ltd. (NSE:RELIANCE) has increased 0.1% but fell short of the 12-day Exponential Moving Average [EMA] of Rs930.37.

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

ISIN: INE002A01018

PermID: 4295872979

Source: www.BuySellSignals.com