Indian stock alert

INDIA

CLOSING UPDATE: Indian Oil Corporation down 4.2% in 2 days 15 June 2018 18:24 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, extended its slide on Friday, shedding an additional Rs3.80 (or 2.2%) to trade at Rs167.75. The shares have fallen Rs7.35 (or 4.2%) over the past two trading days vs. the BSE SENSEX Index which has fallen 0.3% in the same period.

Technical indicators complementing today's significant downtrend:

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

+ The price sank 4.1% in the last week.

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

Overvaluation:

+ Year-on-Year Earnings Growth of 9.8% [11.8%]

Other Bearish Signals include:

+ Net profit margin has averaged 3.9% 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 19.9% is lower than sector average of 20.1%.

Note

Indian Oil Corporation today is at a discount of 24.0% to the 12-month high of Rs220.61 on 31 Aug, 2017. It is at a premium of 11.0% to the 12-month low of Rs151.10 on 24 May, 2018.

The stock has outperformed 50% of the Indian market over the past 6 months.

Bullish Signals:

The positive 1.93 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

The company is cash rich with Cash to Market Capitalisation at 12.0%.

Total Liabilities/EBITDA of 4.3 is less than the Joseph Piotroski benchmark of <5.

Tobin's Q Ratio is 0.6. Compared with the rest of the market the stock is undervalued.

The Brand Value represents an impressive 9.6% of the estimated Enterprise Value of Rs2,656.1 billion (US$39.1 billion).

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

Undervaluation:

Price/Earnings of 7.3 [8.8]

Price/Earnings/Growth of 0.11 [0.7]

Price/Sales of 0.3 [0.4]

Price to Book of 1.5 [1.8]

Dividend yield of 6% [2.7%]

TODAY'S ALERT

Morning Alert: Indian Oil Corporation decreases 1.3% on firm volume

15 June 2018 10:17 IST

Indian Oil Corporation Ltd. (NSE:IOC) traded on heavy volume of 1.2 times average so far today while the price decreased Rs2.25 (or 1.3%) to trade at Rs169.30.

RECENT ALERTS

CLOSING UPDATE: Indian Oil Corporation decreases further 1.0%

14 June 2018 18:13 IST

Indian Oil Corporation, India's largest oil marketing & distribution company by market capitalisation, traded on volume of 0.7 times average today while the price dropped Rs3.55 (or 2.0%) to trade at Rs171.55. Compared with the BSE SENSEX Index which fell 139.3 points (or 0.4%) in the day, this represented a relative price change of -1.6%.

Morning Alert: Indian Oil Corporation decreases 1.0%

14 June 2018 10:18 IST

Indian Oil Corporation Ltd. (NSE:IOC) traded on volume of 0.9 times average so far today while the price decreased Rs1.80 (or 1.0%) to trade at Rs173.30.

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

ISIN: INE242A01010

PermID: 4295872661

Source: www.BuySellSignals.com