Indian stock alert

INDIA

CLOSING UPDATE: Bajaj Finance accelerates slide, now down 7.4% in 2 days 21 September 2018 18:09 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).

Bajaj Finance, India's largest finance/nbfcs company by market capitalisation, is down Rs191.0 (or 7.4%) over the past two trading days. After falling 2.8% on Wednesday, the stock fell 4.8% on Friday to trade at Rs2,379.40 vs. the BSE SENSEX Index that is down 1.2% in the same period.

Technical indicators complementing today's significant downtrend:

+ The negative 65.53 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

+ The price plummeted 11.0% in the last week and 16.2% in the last month.

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

Overvaluation:

+ Price/Earnings of 50.6 [17.5]

+ Price/Sales of 10.2 [2.4]

+ Price to Book of 8.3 [2.2]

+ Dividend yield of 0.2% [1.2%]

Note

Bajaj Finance today is at a discount of 20.5% to the 12-month high of Rs2,994.0 on 29 Aug, 2018. It is at a premium of 57.7% to the 12-month low of Rs1,508.61 on 06 Feb, 2018.

Bullish Signals:

The stock has outperformed 94% of the Indian market over the past 6 months.

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

Tobin's Q Ratio is 1.6. Compared with the rest of the market the stock is undervalued.

Net profit margin has averaged 18.6% in the last 3 years. This is considered superior and suggests a high margin of safety.

As per the Du Pont analysis, Return on Equity of 16.2% is better than sector average of 1.8%.

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

Undervaluation:

Return on Equity 16.2% [1.8%]

Return on Assets 3.1% [1.5%]

Return on Capital Employed 6.4% [4.0%]

TODAY'S ALERT

Afternoon Alert: Bajaj Finance in 4th consecutive fall, nears three-month low

21 September 2018 13:03 IST

Bajaj Finance Limited (NSE:BAJFINANCE) slipped further on Friday, sliding an additional Rs75.70 (or 3.0%) to trade at Rs2,423.85. The stock decreased 1.31% on Tuesday and 2.76% on Wednesday bringing its 4-day fall to 9.3%. It is now approaching its 62-day low of Rs2,415.25.

RECENT ALERTS

CLOSING UPDATE: Bajaj Finance decreases 1.3%, led Finance/NBFCs sector lower

18 September 2018 18:11 IST

Bajaj Finance, India's largest finance/nbfcs company by market capitalisation, has decreased 1.3% to trade at Rs2,570.40 vs. the Finance/NBFCs sector which weakened 748.6 points (or 1.3%) to 56,426.1. Representing a weighting of about 23.6% of the sector, the stock accounted for 23.7% of today's loss. Trading volume was 1.2 times average at the end of the day. Compared with the BSE SENSEX Index which fell 294.8 points (or 0.8%) in the day, this represented a relative price change of -0.5%.

Morning Alert: Bajaj Finance decreases 0.9% - underperforming 84% of stocks

18 September 2018 10:16 IST

Bajaj Finance Limited (NSE:BAJFINANCE) has decreased Rs22.60 (or 0.9%) today to trade at Rs2,582.0 and has underperformed 84% of the market in the past month.

Bajaj Finance Limited (NSE:BAJFINANCE; BSE:BAJFINANCE; NS:BAJFINANCE; IN:BAJFINANCE)

ISIN: INE296A01024

PermID: 4295872608

Source: www.BuySellSignals.com