Indian stock alert

INDIA

CLOSING UPDATE: Oil and Natural Gas Corporation decreased further 0.6%, led CNX PSE index lower 21 July 2017 17:53 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 0.9% to trade at Rs164.35 vs. the CNX PSE index which weakened 8.3 points (or 0.2%) to 3,955.1. Representing a weighting of about 15.6% of the index, the stock accounted for 67.1% of today's loss. The shares have underperformed 84% of the market in the past six months. Trading volume was 92% of average at the end of the day. Compared with the BSE SENSEX Index which rose 56.4 points (or 0.2%) in the day, this represented a relative price change of -1.1%.

Technical indicators complementing today's significant downtrend:

+ The negative 1.32 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

+ The price decreased 0.3% in the last month.

Other Bearish Signals include:

+ Net profit margin has averaged 12.3% in the last 3 years. This is lower than the sector average of 12.6% and suggests a low margin of safety.

Note

Oil and Natural Gas Corporation today is at a discount of 21.5% to the 12-month high of Rs209.41 on 31 Jan, 2017. It is at a premium of 18.1% to the 12-month low of Rs139.20 on 02 Aug, 2016.

Bullish Signals:

Total Liabilities/EBITDA of 4.1 is less than the Joseph Piotroski benchmark of <5.

Tobin's Q Ratio is 0.6. Compared with the rest of the market the stock is undervalued.

As per the Du Pont analysis, Return on Equity is less than stellar at 7.6%. Also, this has deteriorated from 10.1% last year.

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

Undervaluation:

Price/Earnings of 14.9 [42.2]

Price/Sales of 1.5 [1.8]

Dividend yield of 4.5% [4.1%]

Return on Equity 7.6% [2.6%]

Return on Assets 4% [1.4%]

Return on Capital Employed 7.8% [4.2%]

TODAY'S ALERT

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

21 July 2017 10:18 IST

Oil and Natural Gas Corporation Ltd. (NSE:ONGC) has decreased 0.3% to trade at Rs165.30 vs. the Exploration & production sector which weakened 47.8 points (or 0.3%) to 15,153.6. Representing a weighting of about 73.0% of the sector, the stock accounted for 78.1% of today's loss. Trading volume was 71% of average so far today.

RECENT ALERTS

CLOSING UPDATE: Oil and Natural Gas Corporation increased further 0.7%, led Exploration & production sector higher

20 July 2017 17:30 IST

Oil and Natural Gas Corporation, India's largest exploration & production company by market capitalisation, has increased 1.7% to trade at Rs165.85 vs. the Exploration & production sector which strengthened 195.6 points (or 1.3%) to 15,201.4. Representing a weighting of about 73.0% of the sector, the stock accounted for 98.2% of today's gain. The shares have outperformed 82% of the market in the past week. Trading volume was 2.2 times average at the end of the day. Compared with the BSE SENSEX Index which fell 51.0 points (or 0.2%) in the day, this represented a relative price increase of 1.9%.

Afternoon Alert: Oil and Natural Gas Corporation increases 1.1%, leads Exploration & production sector higher

20 July 2017 12:58 IST

Oil and Natural Gas Corporation Ltd. (NSE:ONGC) has increased 1.1% to trade at Rs164.75 vs. the Exploration & production sector which strengthened 113.4 points (or 0.8%) to 15,119.2. Representing a weighting of about 72.9% of the sector, the stock accounted for the gain. The shares have outperformed 84% of the market in the past week. Trading volume was 2.6 times 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