Indian stock alert

INDIA

CLOSING UPDATE: ICICI Bank increased 0.5% - outperforming 85% of stocks 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).

ICICI Bank, India's 3rd largest bank by market capitalisation, has increased Rs1.45 (or 0.5%) today to trade at Rs302.05 and has outperformed 85% of the market in the past three months. A price rise combined with a high relative strength is a bullish signal. Compared with the BSE SENSEX Index which rose 56.4 points (or 0.2%) in the day, this represented a relative price increase of 0.3%.

Technical indicators complementing today's significant uptrend:

+ The positive 4.32 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

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

+ The price increased 1.3% in the last week and lifted 3.8% in the last month.

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

Undervaluation:

+ Dividend yield of 0.8% [0.6%]

+ Return on Equity 11.9% [2.7%]

+ Return on Assets 1.2% [0.2%]

Other Bullish Signals include:

+ 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 20.2% 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 11.9% is better than sector average of 2.7%.

Note

Overbought/Bearish:

The 1.3% discount to 12-month high of Rs306.0 against the 41.5% premium to 12-month low of Rs213.46 suggests the climb might be peaking.

TODAY'S ALERT

Morning Alert: ICICI Bank increases 0.1%

21 July 2017 10:18 IST

ICICI Bank Ltd. (NSE:ICICIBANK) traded on volume of 0.7 times average so far today while the price increased Rs0.45 (or 0.1%) to trade at Rs301.05.

RECENT ALERTS

CLOSING UPDATE: ICICI Bank decreased further 0.5%

20 July 2017 17:30 IST

ICICI Bank, India's 3rd largest bank by market capitalisation, traded on volume of 0.5 times average today while the price decreased Rs1.65 (or 0.5%) to trade at Rs300.60. Compared with the BSE SENSEX Index which fell 51.0 points (or 0.2%) in the day, this represented a relative price change of -0.4%.

Morning Alert: ICICI Bank decreases 0.05%

20 July 2017 10:17 IST

ICICI Bank Ltd. (NSE:ICICIBANK) traded on volume of 0.7 times average so far today while the price decreased Rs0.15 (or 0.05%) to trade at Rs302.10.

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

ISIN: INE090A01021

PermID: 4295873612

Source: www.BuySellSignals.com