Indian stock alert

INDIA

CLOSING UPDATE: Indian Oil Corporation increased 1.7%, led Oil marketing & distribution sector higher 21 July 2017 17:53 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).

Indian Oil Corporation, India's largest oil marketing & distribution company by market capitalisation, has increased 1.7% to trade at Rs380.90 vs. the Oil marketing & distribution sector which strengthened 852.8 points (or 1.3%) to 65,252.7. Representing a weighting of about 74.5% of the sector, the stock accounted for 95.7% of today's gain. Trading volume was 1.2 times average at the end of the day. Compared with the BSE SENSEX Index which rose 56.4 points (or 0.2%) in the day, this represented a relative price increase of 1.5%.

Technical indicators complementing today's significant uptrend:

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

+ The present value of Rs1,000 invested one year ago is Rs1,653 [vs Rs1,156 for the BSE SENSEX Index].

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

Undervaluation:

+ Price/Earnings of 9.1 [10.8]

+ Price/Sales of 0.4 [0.5]

+ Price to Book of 1.9 [2.3]

+ Dividend yield of 5.8% [4.2%]

Other Bullish Signals include:

+ Interest cover is less leveraged at 8.5 times.

+ Total Liabilities/EBITDA of 4.4 is less than the Joseph Piotroski benchmark of <5.

+ Tobin's Q Ratio is 0.7. Compared with the rest of the market the stock is undervalued.

+ The Brand Value represents an impressive 11.0% of the estimated Enterprise Value of Rs2,201.5 billion (US$34.1 billion).

Note

Indian Oil Corporation today is at a discount of 15.5% to the 12-month high of Rs450.90 on 16 May, 2017. It is at a premium of 57.9% to the 12-month low of Rs241.22 on 22 Jul, 2016.

Bearish Signals:

The negative 8.35 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

In the Indian market, the stock's relative price strength percentile is falling at 49 for 6 months, 28 for 3 months and 15 for 1 month.

The price tumbled 6.7% in the last month.

Net profit margin has averaged 2.8% in the last 3 years. This suggests the company is less profitable with a low margin of safety.

As per the Du Pont analysis, Return on Equity of 20.0% is lower than sector average of 20.4%.

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

Overvaluation:

Price/Earnings/Growth of 0.22 [0.2]

TODAY'S ALERTS

Afternoon Alert: Indian Oil Corporation inches higher, resistance at 12-day EMA

21 July 2017 13:01 IST

Indian Oil Corporation Ltd. (NSE:IOC) has increased 1.2% but fell short of the 12-day Exponential Moving Average [EMA] of Rs379.74.

Morning Alert: Indian Oil Corporation increases 0.4%

21 July 2017 10:18 IST

Indian Oil Corporation Ltd. (NSE:IOC) traded on volume of 0.7 times average so far today while the price increased Rs1.45 (or 0.4%) to trade at Rs376.0.

RECENT ALERTS

CLOSING UPDATE: Indian Oil Corporation decreased 0.2%, led Oil marketing & distribution sector lower

20 July 2017 17:30 IST

Indian Oil Corporation, India's largest oil marketing & distribution company by market capitalisation, has decreased 0.2% to trade at Rs374.55 vs. the Oil marketing & distribution sector which weakened 69.9 points (or 0.1%) to 64,399.9. Representing a weighting of about 74.2% of the sector, the stock accounted for the loss. The shares have underperformed 89% of the market in the past month. Trading volume was 59% of average at the end of the day. Compared with the BSE SENSEX Index which fell 51.0 points (or 0.2%) in the day, this represented a relative price increase of nil.

Morning Alert: Indian Oil Corporation increases 0.04%

20 July 2017 10:17 IST

Indian Oil Corporation Ltd. (NSE:IOC) traded on volume of 0.6 times average so far today while the price increased Rs0.15 (or 0.04%) to trade at Rs375.30.

Indian Oil Corporation Ltd. (NSE:IOC; BSE:IOC; NS:IOC; IN:IOC)

ISIN: INE242A01010

PermID: 4295872661

Source: www.BuySellSignals.com