Indian stock alert

INDIA

CLOSING UPDATE: Larsen & Toubro increases 0.8% - outperforming 85% of stocks 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).

Larsen & Toubro, India's largest construction & engineering company by market capitalisation, has increased Rs10.65 (or 0.8%) today to trade at Rs1,371.45 and has outperformed 85% of the market in the past week. A price rise combined with a high relative strength is a bullish signal. Compared with the BSE SENSEX Index which rose 251.3 points (or 0.7%) in the day, this represented a relative price increase of 0.1%.

Technical indicators complementing today's significant uptrend:

+ The positive 32.64 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

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

+ The price lifted 3.2% in the last week and soared 12.4% in the last month.

+ The present value of Rs1,000 invested one year ago is Rs1,454 [vs Rs1,300 for the BSE SENSEX Index].

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

Undervaluation:

+ Price to Book of 5.2 [8.5]

+ Dividend yield of 1% [0.8%]

Other Bullish Signals include:

+ Tobin's Q Ratio is 0.9. Compared with the rest of the market the stock is undervalued.

+ Net profit margin has averaged 5.7% in the last 3 years. This is better than the sector average of 3.6% and suggests a high margin of safety.

Note

Overbought/Bearish:

The 1.0% discount to 12-month high of Rs1,385.0 against the 50.7% premium to 12-month low of Rs910.13 suggests the climb might be peaking.

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

Overvaluation:

Price/Sales of 1.8 [1.3]

TODAY'S ALERT

Afternoon Alert: Larsen & Toubro increases 0.6%, leads Construction & engineering sector higher

19 January 2018 13:00 IST

Larsen & Toubro Limited (NSE:LT) has increased 0.6% to trade at Rs1,368.75 vs. the Construction & engineering sector which strengthened 71.1 points (or 0.3%) to 20,503.8. Representing a weighting of about 60.0% of the sector, the stock accounted for the gain. The shares have outperformed 93% of the market in the past week. Trading volume was 55% of average so far today.

RECENT ALERTS

CLOSING UPDATE: Larsen & Toubro lifts 2.0% on firm volume

17 January 2018 17:18 IST

Larsen & Toubro, India's largest construction & engineering company by market capitalisation, traded on heavy volume of 1.3 times average today while the price lifted Rs27.15 (or 2.0%) to trade at Rs1,353.35. Compared with the BSE SENSEX Index which rose 310.8 points (or 0.9%) in the day, this represented a relative price increase of 1.2%.

Afternoon Alert: Larsen & Toubro increases 0.9%, leads Construction & engineering sector higher

17 January 2018 13:00 IST

Larsen & Toubro Limited (NSE:LT) has increased 0.9% to trade at Rs1,338.30 vs. the Construction & engineering sector which strengthened 132.0 points (or 0.7%) to 20,491.2. Representing a weighting of about 58.7% of the sector, the stock accounted for 82.4% of today's gain. Trading volume was 1.3 times average so far today.

Larsen & Toubro Limited (NSE:LT; BSE:LT; NS:LT; IN:LT)

ISIN: INE018A01030

PermID: 4295872412

Source: www.BuySellSignals.com