Indian stock alert

INDIA

CLOSING UPDATE: Larsen & Toubro keeps sliding: down 4.4% in 6 days 20 June 2018 18:05 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).

Larsen & Toubro, India's largest construction & engineering company by market capitalisation, extended its slide on Wednesday, shedding an additional Rs3.65 (or 0.3%) to trade at Rs1,306.75. Trading volume was 87% of average at the end of the day.

Technical indicators complementing today's significant downtrend:

+ The negative 12.38 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

+ The price dropped 3.8% in the last week and decreased 0.5% in the last month.

Note

Larsen & Toubro today is at a discount of 11.1% to the 12-month high of Rs1,470.0 on 01 Feb, 2018. It is at a premium of 19.4% to the 12-month low of Rs1,094.14 on 30 Jun, 2017.

Bullish Signals:

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

Tobin's Q Ratio is 0.7. Compared with the rest of the market the stock is undervalued.

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

Undervaluation:

Price to Book of 4.5 [6.9]

Dividend yield of 1.1% [0.8%]

Return on Capital Employed 8.6% [1.5%]

TODAY'S ALERT

Afternoon Alert: Larsen & Toubro in 6th consecutive fall, nears three-month low

20 June 2018 12:59 IST

Larsen & Toubro Limited (NSE:LT) slipped further on Wednesday, sliding an additional Rs8.0 (or 0.6%) to trade at Rs1,302.40. The stock decreased 0.5% on Monday and 0.97% on Tuesday bringing its 6-day fall to 4.7%. It is now approaching its 74-day low of Rs1,300.0.

RECENT ALERTS

CLOSING UPDATE: Larsen & Toubro in 5th consecutive fall, nears three-month low

19 June 2018 18:14 IST

Larsen & Toubro, India's largest construction & engineering company by market capitalisation, slipped further on Tuesday, sliding an additional Rs12.80 (or 1.0%) to trade at Rs1,310.40. The stock decreased 0.98% on Friday and 0.5% on Monday bringing its 5-day fall to 4.1%. It is now approaching its 74-day low of Rs1,307.05. Compared with the BSE SENSEX Index which fell 261.5 points (or 0.7%) in the day, this represented a relative price change of -0.2%.

Afternoon Alert: Larsen & Toubro in 5th consecutive fall, nears one-month low

19 June 2018 12:59 IST

Larsen & Toubro Limited (NSE:LT) slipped further on Tuesday, sliding an additional Rs5.20 (or 0.4%) to trade at Rs1,318.0. The stock decreased 0.98% on Friday and 0.5% on Monday bringing its 5-day fall to 3.5%. It is now approaching its 26-day low of Rs1,313.0.

Larsen & Toubro Limited (NSE:LT; BSE:LT; NS:LT; IN:LT)

ISIN: INE018A01030

PermID: 4295872412

Source: www.BuySellSignals.com