Indian stock alert

INDIA

CLOSING UPDATE: InterGlobe Aviation decreases further 1.9% on strong volume 20 June 2018 18:05 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).

InterGlobe Aviation, India's largest airline company by market capitalisation, traded on heavy volume of 3.2 times average today while the price tumbled Rs92.20 (or 7.5%) to trade at Rs1,136.45. Compared with the BSE SENSEX Index which rose 260.6 points (or 0.7%) in the day, this represented a relative price change of -8.2%.

Technical indicators complementing today's significant downtrend:

+ The negative 12.82 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

+ The price tumbled 6.8% in the last week.

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

Overvaluation:

+ Price/Sales of 1.9 [1.0]

Other Bearish Signals include:

+ Tobin's Q Ratio is 2.1. Compared with the rest of the market the stock is overvalued and ranks in the bottom quartile of stocks by value of Q Ratio.

Note

InterGlobe Aviation today is at a discount of 25.2% to the 12-month high of Rs1,520.0 on 20 Apr, 2018. It is at a premium of 11.2% to the 12-month low of Rs1,022.0 on 25 Sep, 2017.

The stock has outperformed 74% of the Indian market over the past 6 months.

Bullish Signals:

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

The company is cash rich with Cash to Market Capitalisation at 29.1%.

Total Liabilities/EBITDA of 4.5 is less than the Joseph Piotroski benchmark of <5.

Net profit margin has averaged 10.2% in the last 3 years. This is better than the sector average of 9.4% and suggests a high margin of safety.

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

Undervaluation:

Price/Earnings of 18.9 [25.4]

Dividend yield of 3% [2.2%]

Return on Assets 10.6% [5.5%]

TODAY'S ALERTS

Afternoon Alert: InterGlobe Aviation sinks 5.7% on high volume

20 June 2018 12:59 IST

InterGlobe Aviation Limited (NSE:INDIGO) traded on heavy volume of 2.3 times average so far today while the price sank Rs69.65 (or 5.7%) to trade at Rs1,159.0.

Morning Alert: InterGlobe Aviation drops 3.3% on robust volume

20 June 2018 10:16 IST

InterGlobe Aviation Limited (NSE:INDIGO) traded on heavy volume of 1.5 times average so far today while the price dropped Rs40.75 (or 3.3%) to trade at Rs1,187.90.

InterGlobe Aviation Limited (NSE:INDIGO; BSE:INDIGO; NS:INDIGO; IN:INDIGO)

ISIN: INE646L01027

PermID: 21570846329

Source: www.BuySellSignals.com