Indian stock alert

INDIA

Morning Alert: KRBL accelerates slide, now down 6.7% in 2 days 19 June 2018 10:16 IST

NEWS BITES - BRIC

KRBL Limited (NSE:KRBL) is down Rs33.95 (or 6.7%) over the past two trading days. After falling 3.4% on Monday, the stock fell 3.4% on Tuesday to trade at Rs470.60 vs. the BSE SENSEX Index that is down 0.5% in the same period.

SECTION 1: The past week

Current indications of bearish signals that support the trend in the unusual trading

1.1 At a glance

Weekly: KRBL in its biggest weekly loss in 4 months June 18, 2018 15:30 IST

KRBL Limited (NSE:KRBL), India's 4th largest Packaged foods company by market cap, has sunk Rs52.45 (or 9.7%) in the past week to close at Rs487.40. In the past week the shares have sunk 9.7%, the biggest weekly fall since March 12, 2018. Compared with the BSE SENSEX Index which rose 64.8 points (or 0.2%) in the week, this represented a relative price change of -9.9%. The volume was 0.4 times average trading per week of 1.3 million shares. In the past week the market cap has declined Rs12.3 billion (US$181.5 million).

1.2 5-day Recap

KRBL underperformed the BSE SENSEX index in 5 out of 5 days.

DayHeadlineClose price [INR]Price change %Relative change %Comment
MondayKRBL keeps sliding, down 9.7% in 5 days487.4-3.4-3.2Steepest Fall
FridayKRBL keeps sliding, down 6.5% in 4 days504.55-0.9-1.0
ThursdayKRBL accelerates decline, down 4.8% in 2 days509.1-2.5-2.1
WednesdayKRBL falls for a second consecutive day, a two-day fall of 3.3%522.0-2.3-2.5
TuesdayKRBL falls 3.9% from 14-day high534.55-1.0-1.6

SECTION 2: Technical indicators

Bearish:

The price plummeted 12.0% in the last week.

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

Parity:

Return on Assets 11.3% [11.7%]

Return on Capital Employed 26.4% [25.0%]

Undervaluation:

Price/Earnings/Growth of 1.89 [4.7]

Price/Sales of 3.4 [4.6]

Year-on-Year Earnings Growth of 17.9% [12.5%]

Total Liabilities/EBITDA of 2.2 is comfortably below the Joseph Piotroski benchmark of <5.

Overvaluation:

Dividend yield of 0.5% [0.7%]

Return on Equity 19.0% [22.7%]

Note

The stock is at a discount of 30.3% to the 12-month high of Rs675.0 on 02 Nov, 2017. It is also at a premium of 27.4% to the 12-month low of Rs369.52 on 30 Jun, 2017.

The stock has underperformed 61% of the Indian market over the past 6 months.

Bullish:

The positive 5.19 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal (12-day minus 26-day Exponential Moving Averages). Both the 12-day and the 26-day EMA are rising - another bullish signal. In the past week, the stock's MACD has been positive every day, a reinforcing bullish signal.

The present value of Rs1,000 invested one year ago is Rs1,189 [vs Rs1,131 for the BSE SENSEX Index], including a capital gain of Rs184 and dividend reinvested of Rs5. The total return to shareholders for 1 year is 18.9%.

SECTION 3: Ranking

DescriptionValueRank In Market
MCap $US billion1.6In Top Quartile
52-week Range (in Rs)369.5-675.0
1-month Range (in Rs)434.9-556.0
Williams %R-94.3Bullish

SECTION 4: Earnings

FY2018 Annual Report: KRBL EPS Growth slows to 17.9%

KRBL Limited (NSE:KRBL; BSE:KRBL; NS:KRBL; IN:KRBL)

ISIN: INE001B01026

PermID: 4295873549

Source: www.BuySellSignals.com