Indian stock alert

INDIA

CLOSING UPDATE: Axis Bank hits 52-week high fifth time in one month 18 January 2018 17:24 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).

Axis Bank, India's 5th largest bank by market capitalisation, hit a 52-week high of Rs597.15 today for the fifth time in the past one month and last traded at Rs584.80. Trading volume was 1.1 times average at the end of the day. Compared with the BSE SENSEX Index which rose 178.5 points (or 0.5%) in the day, this represented a relative price change of -0.6%.

Technical indicators complementing today's significant uptrend:

+ The positive 7.57 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ The 2.1% discount to 12-month high of Rs597.15 against the 33.9% premium to 12-month low of Rs436.81 suggests the stock continues to push for new highs.

+ In the last one month the stock has hit a new 52-week high five times and in the last three months nine times, pointing to a significant uptrend.

+ The price climbed 4.7% in the last week and jumped 6.6% in the last month.

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

Undervaluation:

+ Dividend yield of 0.8% [0.5%]

+ Return on Equity 7.0% [2.4%]

+ Return on Assets 0.6% [0.2%]

Other Bullish Signals include:

+ Tobin's Q Ratio is 0.2. Compared with the rest of the market the stock is undervalued and ranks in the top quartile of stock by value of Q Ratio.

+ Net profit margin has averaged 15.2% in the last 3 years. This is considered superior and suggests a high margin of safety.

+ As per the Du Pont analysis, Return on Equity is less than stellar at 7.0%. Also, this has deteriorated from 15.6% last year.

Note

The stock has underperformed 55% of the Indian market over the past 6 months.

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

Overvaluation:

Price to Book of 2.5 [1.9]

TODAY'S ALERTS

Afternoon Alert: Axis Bank in 4th consecutive rise, nears a 23-month high

18 January 2018 13:00 IST

Axis Bank Limited (NSE:AXISBANK) extended its gains Thursday, rising an additional Rs3.30 (or 0.6%) to trade at Rs588.50. The stock increased 0.47% on Tuesday and 3.91% on Wednesday bringing its 4-day rise to 6.0%. It is now approaching its 481-day high of Rs597.15.

Morning Alert: Axis Bank in 4th consecutive rise, nears a 23-month high

18 January 2018 10:22 IST

Axis Bank Limited (NSE:AXISBANK) extended its gains Thursday, rising an additional Rs8.10 (or 1.4%) to trade at Rs593.30. The stock increased 0.47% on Tuesday and 3.91% on Wednesday bringing its 4-day rise to 6.9%. It is now approaching its 481-day high of Rs597.15.

RECENT ALERTS

CLOSING UPDATE: Axis Bank keeps rising: up 5.4% in 3 days

17 January 2018 17:18 IST

Axis Bank, India's 5th largest bank by market capitalisation, extended its gains on Wednesday, rising an additional Rs22.0 (or 3.9%) to trade at Rs585.20. The shares have risen Rs30.10 (or 5.4%) over the past three trading days vs. the BSE SENSEX Index which has risen 1.4% in the same period.

Afternoon Alert: Axis Bank hits 52-week high fourth time in one month

17 January 2018 13:00 IST

Axis Bank Limited (NSE:AXISBANK) hit a 52-week high of Rs574.20 today for the fourth time in the past one month and last traded at Rs571.95. This brought its three-day rise to Rs16.85 or 3.0%. Trading volume was 1.8 times average so far today.

Axis Bank Limited (NSE:AXISBANK; BSE:AXISBANK; NS:AXISBANK; IN:AXISBANK)

ISIN: INE238A01034

PermID: 4295873131

Source: www.BuySellSignals.com