Indian stock alert

INDIA

CLOSING UPDATE: Reliance Industries keeps rising: up 3.2% in 4 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).

Reliance Industries, India's largest integrated oil & gas company by market capitalisation, extended its gains on Friday, rising an additional Rs6.25 (or 0.6%) to trade at Rs1,014.20. Trading volume was 1.4 times average at the end of the day.

Technical indicators complementing today's significant uptrend:

+ The positive 11.28 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ The stock has outperformed 82% of the Indian market over the past 6 months.

+ In the last one month the stock has hit a new 52-week high twice and in the last three months thrice.

+ The price lifted 3.0% in the last week and 3.6% in the last month.

+ The present value of Rs1,000 invested one year ago is Rs1,487 [vs Rs1,146 for the BSE SENSEX Index].

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

Undervaluation:

+ Dividend yield of 0.5% [0.3%]

Other Bullish Signals include:

+ The company is cash rich with Cash to Market Capitalisation at 10.3%.

+ Tobin's Q Ratio is 0.8. Compared with the rest of the market the stock is undervalued.

+ Net profit margin has averaged 9.1% in the last 3 years. This is better than the sector average of 9.1% and suggests a high margin of safety.

+ The Brand Value represents 4.4% of the estimated Enterprise Value of Rs9,527 billion (US$140.2 billion).

Note

Bearish Signals:

As per the Du Pont analysis, Return on Equity of 12.0% is lower than sector average of 12.3%.

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

Overvaluation:

Price/Earnings/Growth of 1.24 [0.8]

Year-on-Year Earnings Growth of 18.6% [21.0%]

TODAY'S ALERTS

Afternoon Alert: Reliance Industries keeps rising: up 3.5% in 4 days

15 June 2018 12:59 IST

Reliance Industries Ltd. (NSE:RELIANCE) extended its gains on Friday, rising an additional Rs9.30 (or 0.9%) to trade at Rs1,017.25. Trading volume was 1.5 times average so far today.

Morning Alert: Reliance Industries increases 0.7%, leads CNX Energy index higher

15 June 2018 10:17 IST

Reliance Industries Ltd. (NSE:RELIANCE) has increased 0.7% to trade at Rs1,015.50 vs. the CNX Energy index which strengthened 31.3 points (or 0.2%) to 14,007.6. Representing a weighting of about 41.7% of the index, the stock accounted for the gain. The shares have outperformed 89% of the market in the past three months. Trading volume was 1.3 times average so far today.

RECENT ALERTS

CLOSING UPDATE: Reliance Industries keeps rising: up 2.6% in 3 days

14 June 2018 18:13 IST

Reliance Industries, India's largest integrated oil & gas company by market capitalisation, extended its gains on Thursday, rising an additional Rs5.45 (or 0.5%) to trade at Rs1,007.95. Trading volume was 70% of average at the end of the day.

Afternoon Alert: Reliance Industries decreases 1.0%, leads BSE Oil and Gas index lower

14 June 2018 12:59 IST

Reliance Industries Ltd. (NSE:RELIANCE) has decreased 1.0% to trade at Rs992.40 vs. the BSE Oil and Gas index which weakened 189.4 points (or 1.3%) to 14,466.1. Representing a weighting of about 47.7% of the index, the stock accounted for 37.3% of today's loss. Trading volume was 61% of average so far today.

Reliance Industries Ltd. (NSE:RELIANCE; BSE:RELIANCE; NS:RELIANCE; IN:RELIANCE)

ISIN: INE002A01018

PermID: 4295872979

Source: www.BuySellSignals.com