Indian stock alert

INDIA

CLOSING UPDATE: Kotak Mahindra Bank increases further 1.0% - outperforming 87% of stocks 18 May 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).

Kotak Mahindra Bank, India's 2nd largest bank by market capitalisation, has increased Rs23.70 (or 1.9%) today to trade at Rs1,294.40 and has outperformed 87% of the market in the past week. A price rise combined with a high relative strength is a bullish signal. Compared with the BSE SENSEX Index which fell 125.2 points (or 0.4%) in the day, this represented a relative price increase of 2.2%.

Technical indicators complementing today's significant uptrend:

+ The positive 39.64 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

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

+ The price lifted 2.1% in the last week and soared 12.2% in the last month.

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

Undervaluation:

+ Return on Equity 12.3% [2.6%]

+ Return on Assets 1.8% [0.2%]

Other Bullish Signals include:

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

+ Net profit margin has averaged 17.1% 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 12.3% is better than sector average of 2.6%.

Note

Overbought/Bearish:

The 0.8% discount to 12-month high of Rs1,304.45 against the 38.9% premium to 12-month low of Rs931.92 suggests the climb might be peaking.

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

Overvaluation:

Price to Book of 5 [1.7]

TODAY'S ALERT

Afternoon Alert: Kotak Mahindra Bank increases 0.8% - outperforming 82% of stocks

18 May 2018 12:59 IST

Kotak Mahindra Bank Limited (NSE:KOTAKBANK) has increased Rs10.40 (or 0.8%) today to trade at Rs1,281.10 and has outperformed 82% of the market in the past week. A price rise combined with a high relative strength is a bullish signal.

RECENT ALERTS

Morning Alert: Kotak Mahindra Bank increases 1.0% - outperforming 92% of stocks

17 May 2018 10:18 IST

Kotak Mahindra Bank Limited (NSE:KOTAKBANK) has increased Rs13.0 (or 1.0%) today to trade at Rs1,294.40 and has outperformed 92% of the market in the past week. A price rise combined with a high relative strength is a bullish signal.

Afternoon Alert: Kotak Mahindra Bank keeps rising: up 3.1% in 4 days

16 May 2018 13:00 IST

Kotak Mahindra Bank Limited (NSE:KOTAKBANK) extended its gains on Wednesday, rising an additional Rs2.65 (or 0.2%) to trade at Rs1,286.50.

Kotak Mahindra Bank Limited (NSE:KOTAKBANK; BSE:KOTAKBANK; NS:KOTAKBANK; IN:KOTAKBANK)

ISIN: INE237A01028

PermID: 4295872395

Source: www.BuySellSignals.com