Indian stock alert

INDIA

CLOSING UPDATE: Oil and Natural Gas Corporation decreases 0.2%, led Exploration & production sector lower 19 January 2018 17:30 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).

Oil and Natural Gas Corporation, India's largest exploration & production company by market capitalisation, has decreased 0.2% to trade at Rs193.70 vs. the Exploration & production sector which weakened 34.4 points (or 0.2%) to 17,495.8. Representing a weighting of about 74.1% of the sector, the stock accounted for 76.3% of today's loss. Trading volume was 70% of average at the end of the day. Compared with the BSE SENSEX Index which rose 251.3 points (or 0.7%) in the day, this represented a relative price change of -0.9%.

Technical indicators complementing today's significant downtrend:

+ The price dropped 3.5% in the last week.

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

Overvaluation:

+ Dividend yield of 3.1% [3.6%]

Other Bearish Signals include:

+ Net profit margin has averaged 11.5% in the last 3 years. This is lower than the sector average of 11.5% and suggests a low margin of safety.

Note

Bullish Signals:

The positive 2.48 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

The 5.7% discount to 12-month high of Rs205.50 against the 27.4% premium to 12-month low of Rs151.99 suggests the stock continues to push for new highs.

In the last three months the stock has hit a new 52-week high once.

Interest cover is less leveraged at 11.5 times.

Total Liabilities/EBITDA of 2.8 is comfortably below the Joseph Piotroski benchmark of <5.

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

As per the Du Pont analysis, Return on Equity of 10.2% is better than sector average of 8.2%.

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

Undervaluation:

Price/Earnings of 12.1 [13.5]

Return on Equity 10.2% [8.2%]

Return on Assets 5.8% [4.7%]

Return on Capital Employed 10.4% [9.3%]

TODAY'S ALERT

Morning Alert: Oil and Natural Gas Corporation increases 0.3%, leads Exploration & production sector higher

19 January 2018 10:21 IST

Oil and Natural Gas Corporation Ltd. (NSE:ONGC) has increased 0.3% to trade at Rs194.75 vs. the Exploration & production sector which strengthened 46.1 points (or 0.3%) to 17,576.4. Representing a weighting of about 74.1% of the sector, the stock accounted for 95.5% of today's gain. Trading volume was 72% of average so far today.

RECENT ALERTS

CLOSING UPDATE: Oil and Natural Gas Corporation decreases 0.8%, led Exploration & production sector lower

18 January 2018 17:24 IST

Oil and Natural Gas Corporation, India's largest exploration & production company by market capitalisation, has decreased 0.8% to trade at Rs194.10 vs. the Exploration & production sector which weakened 135.0 points (or 0.8%) to 17,530.2. Representing a weighting of about 74.1% of the sector, the stock accounted for 79.7% of today's loss. Trading volume was 82% of 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 change of -1.3%.

Morning Alert: Oil and Natural Gas Corporation increases 0.5%, leads Exploration & production sector higher

18 January 2018 10:22 IST

Oil and Natural Gas Corporation Ltd. (NSE:ONGC) has increased 0.5% to trade at Rs196.70 vs. the Exploration & production sector which strengthened 71.9 points (or 0.4%) to 17,737.2. Representing a weighting of about 74.2% of the sector, the stock accounted for 92.5% of today's gain. Trading volume was 95% of average so far today.

Oil and Natural Gas Corporation Ltd. (NSE:ONGC; BSE:ONGC; NS:ONGC; IN:ONGC)

ISIN: INE213A01029

PermID: 4295872684

Source: www.BuySellSignals.com