Indian stock alert

INDIA

CLOSING UPDATE: Reliance Industries keeps sliding: down 3.4% in 3 days 19 September 2018 18:10 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).

Reliance Industries, India's largest integrated oil & gas company by market capitalisation, extended its slide on Wednesday, shedding an additional Rs6.40 (or 0.5%) to trade at Rs1,210.75. Trading volume was 1.6 times average at the end of the day. The shares have fallen Rs42.40 (or 3.4%) over the past three trading days vs. the BSE SENSEX Index which has fallen 2.5% in the same period.

Technical indicators complementing today's significant downtrend:

+ The price dropped 3.3% in the last week and decreased 2.0% in the last month.

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

Overvaluation:

+ Price/Earnings/Growth of 1.47 [1.0]

+ Year-on-Year Earnings Growth of 18.6% [20.9%]

Other Bearish Signals include:

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

Note

Reliance Industries today is at a discount of 8.9% to the 12-month high of Rs1,329.0 on 29 Aug, 2018. It is at a premium of 56.4% to the 12-month low of Rs774.32 on 29 Sep, 2017.

Bullish Signals:

The positive 10.18 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

The stock has outperformed 91% of the Indian market over the past 6 months.

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

The present value of Rs1,000 invested one year ago is Rs1,462 [vs Rs1,146 for the BSE SENSEX Index].

Tobin's Q Ratio is 0.9. 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 4.1% of the estimated Enterprise Value of Rs10,772 billion (US$148.5 billion).

TODAY'S ALERT

Afternoon Alert: Reliance Industries keeps sliding: down 3.2% in 3 days

19 September 2018 12:59 IST

Reliance Industries Ltd. (NSE:RELIANCE) extended its slide on Wednesday, shedding an additional Rs3.50 (or 0.3%) to trade at Rs1,213.65. Trading volume was 1.8 times average so far today. The shares have fallen Rs39.50 (or 3.2%) over the past three trading days vs. the BSE SENSEX Index which has fallen 1.9% in the same period.

RECENT ALERTS

CLOSING UPDATE: Reliance Industries decreases 0.7%, led CNX Energy index lower

18 September 2018 18:11 IST

Reliance Industries, India's largest integrated oil & gas company by market capitalisation, has decreased 0.7% to trade at Rs1,217.15 vs. the CNX Energy index which weakened 148.8 points (or 0.9%) to 15,460.2. Representing a weighting of about 46.5% of the index, the stock accounted for 34.9% of today's loss. Trading volume was 1.1 times average at the end of the day. Compared with the BSE SENSEX Index which fell 294.8 points (or 0.8%) in the day, this represented a relative price increase of 0.1%.

Afternoon Alert: Reliance Industries increases 0.8%, leads CNX Energy index higher

18 September 2018 12:59 IST

Reliance Industries Ltd. (NSE:RELIANCE) has increased 0.8% to trade at Rs1,235.50 vs. the CNX Energy index which strengthened 34.9 points (or 0.2%) to 15,644.0. Representing a weighting of about 46.6% 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 94% of average so far today.

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

ISIN: INE002A01018

PermID: 4295872979

Source: www.BuySellSignals.com