Indian stock alert

INDIA

CLOSING UPDATE: Yes Bank increases further 0.9% on robust volume 17 August 2018 18:20 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).

Yes Bank, India's 7th largest bank by market capitalisation, traded on heavy volume of 1.4 times average today while the price lifted Rs14.75 (or 3.9%) to trade at Rs393.20. Compared with the BSE SENSEX Index which rose 284.3 points (or 0.8%) in the day, this represented a relative price increase of 3.1%.

Technical indicators complementing today's significant uptrend:

+ The positive 5.7 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ The stock has outperformed 92% of the Indian market over the past 6 months.

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

+ The price lifted 2.7% in the last week and 3.3% in the last month.

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

Undervaluation:

+ Dividend yield of 0.7% [0.3%]

Other Bullish Signals include:

+ The company is cash rich with Cash to Market Capitalisation at 27.3%.

+ Tobin's Q Ratio is 0.3. Compared with the rest of the market the stock is undervalued and ranks in the top quartile of stock by value of Q Ratio.

+ Net profit margin has averaged 17.5% in the last 3 years. This is considered superior and suggests a high margin of safety.

Note

Overbought/Bearish:

The 0.6% discount to 12-month high of Rs395.65 against the 39.1% premium to 12-month low of Rs282.75 suggests the climb might be peaking.

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

Overvaluation:

Price to Book of 3.5 [1.8]

TODAY'S ALERT

Afternoon Alert: Yes Bank lifts 2.9%

17 August 2018 13:00 IST

Yes Bank Limited (NSE:YESBANK) traded on volume of 0.9 times average so far today while the price lifted Rs11.15 (or 2.9%) to trade at Rs389.60.

Yes Bank Limited (NSE:YESBANK; BSE:YESBANK; NS:YESBANK; IN:YESBANK)

ISIN: INE528G01027

PermID: 4295873396

Source: www.BuySellSignals.com