Indian stock alert

INDIA

CLOSING UPDATE: Axis Bank increased further 1.0% - outperforming 81% of stocks 25 July 2017 17:16 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, has increased Rs10.15 (or 1.9%) today to trade at Rs544.95 and has outperformed 81% of the market in the past week. A price rise combined with a high relative strength is a bullish signal. Compared with the BSE SENSEX Index which fell 23.2 points (or 0.07%) in the day, this represented a relative price increase of 2.0%.

Technical indicators complementing today's significant uptrend:

+ The positive 8.78 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ The price climbed 5.5% in the last week and soared 11.7% in the last month.

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

Undervaluation:

+ Dividend yield of 0.9% [0.5%]

+ Return on Equity 7.0% [2.7%]

+ 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

Axis Bank today is at a discount of 13.8% to the 12-month high of Rs632.09 on 07 Sep, 2016. It is at a premium of 29.7% to the 12-month low of Rs420.27 on 10 Jan, 2017.

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

Overvaluation:

Price to Book of 2.3 [1.7]

TODAY'S ALERTS

Afternoon Alert: Axis Bank increases 0.9% - outperforming 81% of stocks

25 July 2017 12:58 IST

Axis Bank Limited (NSE:AXISBANK) has increased Rs4.80 (or 0.9%) today to trade at Rs539.60 and has outperformed 81% of the market in the past week. A price rise combined with a high relative strength is a bullish signal.

Morning Alert: Axis Bank decreases 0.7% on firm volume

25 July 2017 10:17 IST

Axis Bank Limited (NSE:AXISBANK) traded on heavy volume of 1.1 times average so far today while the price decreased Rs3.80 (or 0.7%) to trade at Rs531.0.

RECENT ALERTS

CLOSING UPDATE: Axis Bank decreased 1.1%

24 July 2017 17:07 IST

Axis Bank, India's 5th largest bank by market capitalisation, traded on volume of 0.5 times average today while the price decreased Rs6.0 (or 1.1%) to trade at Rs534.80. Compared with the BSE SENSEX Index which rose 217.0 points (or 0.7%) in the day, this represented a relative price change of -1.8%.

Morning Alert: Axis Bank increases 0.5%

24 July 2017 10:15 IST

Axis Bank Limited (NSE:AXISBANK) traded on volume of 0.7 times average so far today while the price increased Rs2.50 (or 0.5%) to trade at Rs543.30.

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

ISIN: INE238A01034

PermID: 4295873131

Source: www.BuySellSignals.com