Indian stock alert

INDIA

CLOSING UPDATE: ICICI Bank hits 52-week high fourth time in one month 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).

ICICI Bank, India's 3rd largest bank by market capitalisation, hit a 52-week high of Rs355.0 today for the fourth time in the past one month and last traded at Rs353.60. This brought its six-day rise to Rs44.10 or 14.2%. Trading volume was 1.9 times 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 increase of 1.4%.

Technical indicators complementing today's significant uptrend:

+ The positive 8.51 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

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

+ The present value of Rs1,000 invested one year ago is Rs1,466 [vs Rs1,300 for the BSE SENSEX Index].

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

Undervaluation:

+ Dividend yield of 0.7% [0.5%]

+ Return on Equity 11.9% [2.4%]

+ Return on Assets 1.2% [0.2%]

Other Bullish Signals include:

+ The company is cash rich with Cash to Market Capitalisation at 35.5%.

+ Tobin's Q Ratio is 0.2. 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 14.8% in the last 3 years. This is better than the sector average of 7.7% and suggests a high margin of safety.

+ As per the Du Pont analysis, Return on Equity of 11.9% is better than sector average of 2.4%.

Note

The stock has underperformed 50% of the Indian market over the past 6 months.

Overbought/Bearish:

The 0.4% discount to 12-month high of Rs355.0 against the 53.6% premium to 12-month low of Rs230.15 suggests the climb might be peaking.

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

Overvaluation:

Price to Book of 2.2 [1.9]

TODAY'S ALERTS

Afternoon Alert: ICICI Bank increases 1.1% - outperforming 98% of stocks

19 January 2018 13:00 IST

ICICI Bank Ltd. (NSE:ICICIBANK) has increased Rs3.70 (or 1.1%) today to trade at Rs349.85 and has outperformed 98% of the market in the past week. A price rise combined with a high relative strength is a bullish signal.

Morning Alert: ICICI Bank decreases 0.7%, leads Bank sector lower

19 January 2018 10:21 IST

ICICI Bank Ltd. (NSE:ICICIBANK) has decreased 0.7% to trade at Rs343.80 vs. the Bank sector which weakened 79.8 points (or 0.1%) to 71,296.9. Representing a weighting of about 10.8% of the sector, the stock accounted for 66.6% of today's loss. Trading volume was 32% of average so far today.

RECENT ALERTS

CLOSING UPDATE: ICICI Bank decreases gains by 1.0% - outperforming 94% of stocks

18 January 2018 17:24 IST

ICICI Bank, India's 3rd largest bank by market capitalisation, has increased Rs2.90 (or 0.8%) today to trade at Rs346.15 and has outperformed 94% 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 rose 178.5 points (or 0.5%) in the day, this represented a relative price increase of 0.3%.

Afternoon Alert: ICICI Bank increases 1.9% - outperforming 97% of stocks

18 January 2018 13:00 IST

ICICI Bank Ltd. (NSE:ICICIBANK) has increased Rs6.40 (or 1.9%) today to trade at Rs349.65 and has outperformed 97% of the market in the past week. A price rise combined with a high relative strength is a bullish signal.

ICICI Bank Ltd. (NSE:ICICIBANK; BSE:ICICIBANK; NS:ICICIBANK; IN:ICICIBANK)

ISIN: INE090A01021

PermID: 4295873612

Source: www.BuySellSignals.com