Indian stock alert
CLOSING UPDATE: Coal India sinks 4.7% 16 January 2018 17:13 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).
Coal India, India's largest coal company by market capitalisation, traded on volume of 0.9 times average today while the price sank Rs14.30 (or 4.7%) to trade at Rs291.60. Compared with the BSE SENSEX Index which fell 72.5 points (or 0.2%) in the day, this represented a relative price change of -4.5%.
Technical indicators complementing today's significant downtrend:
+ The price sank 4.1% in the last week.
Coal India today is at a discount of 6.4% to the 12-month high of Rs311.39 on 27 Feb, 2017. It is at a premium of 24.8% to the 12-month low of Rs233.70 on 11 Aug, 2017.
The stock has underperformed 52% of the Indian market over the past 6 months.
The positive 9.01 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.
Interest cover is less leveraged at 36.1 times.
Tobin's Q Ratio is 1.6. Compared with the rest of the market the stock is undervalued.
Net profit margin has averaged 14.9% in the last 3 years. This is better than the sector average of 14.5% and suggests a high margin of safety.
As per the Du Pont analysis, Return on Equity is high at 37.8%.
Fundamental measures by comparison with the sector average [in brackets] indicate:
Price/Earnings of 19.7 [22.6]
Return on Equity 37.8% [28.5%]
Return on Assets 8% [6.4%]
Return on Capital Employed 20.1% [17.9%]
Afternoon Alert: Coal India down 2.8% in 2 days
16 January 2018 12:59 IST
Coal India Limited (NSE:COALINDIA) extended its slide on Tuesday, shedding an additional Rs5.65 (or 1.8%) to trade at Rs300.25. Trading volume was 20% of average so far today. The shares have fallen Rs8.75 (or 2.8%) over the past two trading days vs. the BSE SENSEX Index which has risen 0.9% in the same period.
CLOSING UPDATE: Coal India decreases 1.0%, led Coal sector lower
15 January 2018 17:17 IST
Coal India, India's largest coal company by market capitalisation, has decreased 1.0% to trade at Rs305.90 vs. the Coal sector which weakened 108.2 points (or 1%) to 11,190.2. Representing a weighting of about 97.2% of the sector, the stock accounted for the loss. Trading volume was 57% of average at the end of the day. Compared with the BSE SENSEX Index which rose 251.1 points (or 0.7%) in the day, this represented a relative price change of -1.7%.
Morning Alert: Coal India continues significant uptrend, increases 0.2%
15 January 2018 10:23 IST
Coal India Limited (NSE:COALINDIA) continued its significant uptrend and increased Rs0.65 (or 0.2%) to trade at Rs309.65 today.
Coal India Limited (NSE:COALINDIA; BSE:COALINDIA; NS:COALINDIA; IN:COALINDIA)