Indian stock alert

INDIA

CLOSING UPDATE: ITC increased further 0.2%, led Cigarettes, Tobacco products sector higher 26 July 2017 17:08 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).

ITC, India's largest cigarettes, tobacco products company by market capitalisation, has increased 0.8% to trade at Rs293.65 vs. the Cigarettes, Tobacco products sector which strengthened 513.3 points (or 0.7%) to 70,487.5. Representing a weighting of about 97.0% of the sector, the stock accounted for the gain. Trading volume was 79% of average at the end of the day. Compared with the BSE SENSEX Index which rose 154.2 points (or 0.5%) in the day, this represented a relative price increase of 0.3%.

Technical indicators complementing today's significant uptrend:

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

Other Bullish Signals include:

+ Total Liabilities/EBITDA of 0.5 is comfortably below the Joseph Piotroski benchmark of <5.

+ Net profit margin has averaged 17.4% in the last 3 years. This is considered superior and suggests a high margin of safety.

+ The Brand Value represents 5.1% of the estimated Enterprise Value of Rs3,548.1 billion (US$55 billion).

+ As per the Du Pont analysis, Return on Equity is high at 22.6%. Also, this has improved from 22.3% last year.

Note

ITC today is at a discount of 20.1% to the 12-month high of Rs367.70 on 10 Jul, 2017. It is at a premium of 34.3% to the 12-month low of Rs218.70 on 26 Dec, 2016.

Bearish Signals:

The negative 5.78 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

The price sank 6.0% in the last month.

Tobin's Q Ratio is 6.4. Compared with the rest of the market the stock is overvalued and ranks in the bottom 6% of stocks by value of Q Ratio.

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

Overvaluation:

Price/Earnings/Growth of 7.49 [3.5]

TODAY'S ALERTS

Afternoon Alert: ITC increases 0.5%, leads Cigarettes, Tobacco products sector higher

26 July 2017 12:59 IST

ITC Ltd. (NSE:ITC) has increased 0.5% to trade at Rs293.0 vs. the Cigarettes, Tobacco products sector which strengthened 376.8 points (or 0.5%) to 70,350.9. Representing a weighting of about 97.0% of the sector, the stock accounted for 98.6% of today's gain. Trading volume was 44% of average so far today.

Morning Alert: ITC increases 0.6%, leads CNX FMCG index higher

26 July 2017 10:17 IST

ITC Ltd. (NSE:ITC) has increased 0.6% to trade at Rs293.10 vs. the CNX FMCG index which strengthened 80.3 points (or 0.3%) to 26,005.3. Representing a weighting of about 34.9% of the index, the stock accounted for 65.6% of today's gain. Trading volume was 56% of average so far today.

RECENT ALERTS

CLOSING UPDATE: ITC decreased 0.6%, led CNX FMCG index lower

25 July 2017 17:16 IST

ITC, India's largest cigarettes, tobacco products company by market capitalisation, has decreased 0.6% to trade at Rs291.40 vs. the CNX FMCG index which weakened 102.5 points (or 0.4%) to 25,931.0. Representing a weighting of about 34.7% of the index, the stock accounted for 56.2% of today's loss. The shares have underperformed 89% of the market in the past month. Trading volume was 92% of average at the end of the day. Compared with the BSE SENSEX Index which fell 23.2 points (or 0.07%) in the day, this represented a relative price change of -0.6%.

Afternoon Alert: ITC decreases 0.6%, leads market lower

25 July 2017 12:58 IST

ITC Ltd. (NSE:ITC) has decreased 0.6% to trade at Rs291.35 vs. the BSE SENSEX Index which weakened 23.2 points (or 0.07%) to 32,222.7. Representing a weighting of about 6.5% of the index, the stock accounted for 60.5% of today's loss. The shares have underperformed 95% of the market in the past month. Trading volume was 16% of average so far today.

ITC Ltd. (NSE:ITC; BSE:ITC; NS:ITC; IN:ITC)

ISIN: INE154A01025

PermID: 4295872425

Source: www.BuySellSignals.com