Indian stock alert

INDIA

CLOSING UPDATE: Larsen & Toubro decreases 0.6%, led BSE Capital Goods index lower 18 October 2017 17:10 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 decreased 0.6% to trade at Rs1,141.40 vs. the BSE Capital Goods index which weakened 60.9 points (or 0.3%) to 17,462.1. Representing a weighting of about 34.9% of the index, the stock accounted for 63.8% of today's loss. The shares have underperformed 82% of the market in the past month. Trading volume was 54% of average at the end of the day. Compared with the BSE SENSEX Index which fell 24.8 points (or 0.08%) in the day, this represented a relative price change of -0.6%.

Technical indicators complementing today's significant downtrend:

+ The negative 7.41 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

+ The price tumbled 7.8% in the last month.

Note

Larsen & Toubro today is at a discount of 8.7% to the 12-month high of Rs1,250.50 on 20 Sep, 2017. It is at a premium of 33.8% to the 12-month low of Rs852.96 on 09 Nov, 2016.

Bullish Signals:

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

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

Undervaluation:

Dividend yield of 1.2% [0.9%]

TODAY'S ALERT

Morning Alert: Larsen & Toubro increases 0.3%

18 October 2017 10:16 IST

Larsen & Toubro Limited (NSE:LT) traded on volume of 0.9 times average so far today while the price increased Rs3.30 (or 0.3%) to trade at Rs1,152.05.

RECENT ALERTS

CLOSING UPDATE: Larsen & Toubro increases 0.4%, led BSE Capital Goods index higher

17 October 2017 17:10 IST

Larsen & Toubro, India's largest construction & engineering company by market capitalisation, has increased 0.4% to trade at Rs1,148.75 vs. the BSE Capital Goods index which strengthened 75.2 points (or 0.4%) to 17,523.0. Representing a weighting of about 35.1% of the index, the stock accounted for 28.9% of today's gain. Trading volume was 49% of average at the end of the day. Compared with the BSE SENSEX Index which fell 24.5 points (or 0.08%) in the day, this represented a relative price increase of 0.4%.

Morning Alert: Larsen & Toubro decreases 0.1%

17 October 2017 10:17 IST

Larsen & Toubro Limited (NSE:LT) traded on volume of 0.4 times average so far today while the price decreased Rs1.70 (or 0.1%) to trade at Rs1,143.0.

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

ISIN: INE018A01030

PermID: 4295872412

Source: www.BuySellSignals.com