Indian stock alert

INDIA

CLOSING UPDATE: HDFC Bank decreases gains by 0.3%, led market higher 18 January 2018 17:24 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).

HDFC Bank, India's largest bank by market capitalisation, has lifted 2.3% to trade at Rs1,934.30 vs. the BSE SENSEX Index which strengthened 178.5 points (or 0.5%) to 35,260.3. Representing a weighting of about 8.5% of the index, the stock accounted for 38.5% of today's gain. The shares have outperformed 83% of the market in the past week. Trading volume was 2.1 times average at the end of the day. Compared with the BSE SENSEX Index which rose 178.5 points (or 0.5%) in the day, this represented a relative price increase of 1.8%.

Technical indicators complementing today's significant uptrend:

+ The positive 13.99 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ In the last one month the stock has hit a new 52-week high five times and in the last three months eight times, pointing to a significant uptrend.

+ The present value of Rs1,000 invested one year ago is Rs1,577 [vs Rs1,294 for the BSE SENSEX Index].

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

Undervaluation:

+ Dividend yield of 0.6% [0.5%]

+ Return on Equity 16.7% [2.4%]

+ Return on Assets 1.7% [0.2%]

Other Bullish Signals include:

+ Tobin's Q Ratio is 0.6. Compared with the rest of the market the stock is undervalued.

+ Net profit margin has averaged 17.6% 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 of 16.7% is better than sector average of 2.4%.

Note

Overbought/Bearish:

The 1.0% discount to 12-month high of Rs1,954.0 against the 58.3% premium to 12-month low of Rs1,221.88 suggests the climb might be peaking.

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

Overvaluation:

Price to Book of 5.5 [1.9]

TODAY'S ALERTS

Afternoon Alert: HDFC Bank lifts 2.6%, leads market higher

18 January 2018 13:00 IST

HDFC Bank Ltd. (NSE:HDFCBANK) has lifted 2.6% to trade at Rs1,940.10 vs. the BSE SENSEX Index which strengthened 396.8 points (or 1.1%) to 35,478.6. Representing a weighting of about 8.4% of the index, the stock accounted for 19.6% of today's gain. The shares have outperformed 88% of the market in the past week. Trading volume was 2.5 times average so far today.

Morning Alert: HDFC Bank lifts 2.8%, leads market higher

18 January 2018 10:22 IST

HDFC Bank Ltd. (NSE:HDFCBANK) has lifted 2.8% to trade at Rs1,943.35 vs. the BSE SENSEX Index which strengthened 346.4 points (or 1%) to 35,428.2. Representing a weighting of about 8.5% of the index, the stock accounted for 23.9% of today's gain. The shares have outperformed 87% of the market in the past week. Trading volume was 3.9 times average so far today.

RECENT ALERTS

CLOSING UPDATE: HDFC Bank decreases 0.5%

17 January 2018 17:18 IST

HDFC Bank, India's largest bank by market capitalisation, traded on volume of 0.4 times average today while the price decreased Rs9.65 (or 0.5%) to trade at Rs1,890.50. Compared with the BSE SENSEX Index which rose 310.8 points (or 0.9%) in the day, this represented a relative price change of -1.4%.

Morning Alert: HDFC Bank decreases 0.4%, leads Bank sector lower

17 January 2018 10:23 IST

HDFC Bank Ltd. (NSE:HDFCBANK) has decreased 0.4% to trade at Rs1,892.20 vs. the Bank sector which weakened 123.4 points (or 0.2%) to 70,113.6. Representing a weighting of about 24.4% of the sector, the stock accounted for 56.8% of today's loss. Trading volume was 1.1 times average so far today.

HDFC Bank Ltd. (NSE:HDFCBANK; BSE:HDFCBANK; NS:HDFCBANK; IN:HDFCBANK)

ISIN: INE040A01026

PermID: 4295873232

Source: www.BuySellSignals.com