Indian stock alert

INDIA

CLOSING UPDATE: Reliance Industries decreased gains by 0.3%, led market higher 26 July 2017 17:08 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 Rs1,622.75 vs. the BSE SENSEX Index which strengthened 154.2 points (or 0.5%) to 32,382.5. Representing a weighting of about 9.7% of the index, the stock accounted for 25.9% of today's gain. The shares have outperformed 84% of the market in the past week. Trading volume was 62% of average at the end of the day. Compared with the BSE SENSEX Index which rose 154.2 points (or 0.5%) in the day, this represented a relative price increase of 0.8%.

Technical indicators complementing today's significant uptrend:

+ The positive 57.96 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ In the last one month the stock has hit a new 52-week high seven times, pointing to a significant uptrend.

+ The present value of Rs1,000 invested one year ago is Rs1,608 [vs Rs1,157 for the BSE SENSEX Index].

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

Undervaluation:

+ Price/Earnings of 16.0 [17.7]

Other Bullish Signals include:

+ The company is cash rich with Cash to Market Capitalisation at 11.6%.

+ Interest cover is less leveraged at 11.4 times.

+ Tobin's Q Ratio is 0.7. 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 5.5% of the estimated Enterprise Value of Rs7,141.9 billion (US$110.7 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 Rs1,629.90 against the 75.8% premium to 12-month low of Rs923.23 suggests the climb might be peaking.

TODAY'S ALERTS

Afternoon Alert: Reliance Industries increases 1.6%, leads market higher

26 July 2017 12:59 IST

Reliance Industries Ltd. (NSE:RELIANCE) has increased 1.6% to trade at Rs1,627.70 vs. the BSE SENSEX Index which strengthened 64.8 points (or 0.2%) to 32,293.1. Representing a weighting of about 9.7% of the index, the stock accounted for 77.7% of today's gain. The shares have outperformed 87% of the market in the past week. Trading volume was 60% of average so far today.

Morning Alert: Reliance Industries increases 0.5%, leads market higher

26 July 2017 10:17 IST

Reliance Industries Ltd. (NSE:RELIANCE) has increased 0.5% to trade at Rs1,609.95 vs. the BSE SENSEX Index which strengthened 64.8 points (or 0.2%) to 32,293.1. Representing a weighting of about 9.6% of the index, the stock accounted for 23.5% of today's gain. The shares have outperformed 84% of the market in the past week. Trading volume was 44% of average so far today.

RECENT ALERTS

CLOSING UPDATE: Reliance Industries decreased 0.8%, led market lower

25 July 2017 17:16 IST

Reliance Industries, India's largest integrated oil & gas company by market capitalisation, has decreased 0.8% to trade at Rs1,602.15 vs. the BSE SENSEX Index which weakened 23.2 points (or 0.07%) to 32,222.7. Representing a weighting of about 9.6% of the index, the stock accounted for the loss. Trading volume was 52% of average at the end of the day. Compared with the BSE SENSEX Index which fell 23.2 points (or 0.07%) in the day, this represented a relative price change of -0.7%.

Afternoon Alert: Reliance Industries decreases 0.4%, leads CNX Energy index lower

25 July 2017 12:58 IST

Reliance Industries Ltd. (NSE:RELIANCE) has decreased 0.4% to trade at Rs1,608.55 vs. the CNX Energy index which weakened 30.8 points (or 0.2%) to 12,714.8. Representing a weighting of about 35.8% of the index, the stock accounted for 61.9% of today's loss. Trading volume was 53% of average so far today.

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

ISIN: INE002A01018

PermID: 4295872979

Source: www.BuySellSignals.com