Indian stock alert

INDIA

CLOSING UPDATE: Kotak Mahindra Bank increases 1.3% - outperforming 86% of stocks 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).

Kotak Mahindra Bank, India's 4th largest bank by market capitalisation, has increased Rs14.05 (or 1.3%) today to trade at Rs1,060.55 and has outperformed 86% 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 251.3 points (or 0.7%) in the day, this represented a relative price increase of 0.6%.

Technical indicators complementing today's significant uptrend:

+ The positive 8.07 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ The 4.9% discount to 12-month high of Rs1,115.05 against the 47.8% premium to 12-month low of Rs717.55 suggests the stock continues to push for new highs.

+ The present value of Rs1,000 invested one year ago is Rs1,458 [vs Rs1,300 for the BSE SENSEX Index].

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

Undervaluation:

+ Return on Equity 12.8% [2.4%]

+ Return on Assets 1.8% [0.2%]

Other Bullish Signals include:

+ The company is cash rich with Cash to Market Capitalisation at 12.7%.

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

+ Net profit margin has averaged 13.7% 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 12.8% is better than sector average of 2.4%.

Note

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

Overvaluation:

Price to Book of 5.2 [1.9]

Dividend yield of 0.1% [0.5%]

TODAY'S ALERT

Morning Alert: Kotak Mahindra Bank in 2nd consecutive rise, nears four-month high

19 January 2018 10:21 IST

Kotak Mahindra Bank Limited (NSE:KOTAKBANK) extended its gains Friday, rising an additional Rs8.15 (or 0.8%) to trade at Rs1,054.65. The stock increased 1.89% on Thursday bringing its 2-day rise to 2.7%. It is now approaching its 85-day high of Rs1,057.65.

RECENT ALERTS

CLOSING UPDATE: Kotak Mahindra Bank keeps rising: up 3.6% in 3 days

15 January 2018 17:17 IST

Kotak Mahindra Bank, India's 4th largest bank by market capitalisation, extended its gains on Monday, rising an additional Rs15.0 (or 1.5%) to trade at Rs1,038.35. Trading volume was 1.5 times average at the end of the day. The shares have risen Rs36.10 (or 3.6%) over the past three trading days vs. the BSE SENSEX Index which has risen 1.2% in the same period.

Morning Alert: Kotak Mahindra Bank in 3rd consecutive rise, nears one-month high

15 January 2018 10:23 IST

Kotak Mahindra Bank Limited (NSE:KOTAKBANK) extended its gains Monday, rising an additional Rs0.55 (or 0.1%) to trade at Rs1,023.90. The stock increased 1.54% on Thursday and 0.56% on Friday bringing its 3-day rise to 2.2%. It is now approaching its a 24-day high of Rs1,026.90.

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

ISIN: INE237A01028

PermID: 4295872395

Source: www.BuySellSignals.com