Indian stock alert

INDIA

CLOSING UPDATE: ICICI Bank lifted 2.0% on robust volume 26 July 2017 17:08 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, traded on heavy volume of 1.5 times average today while the price lifted Rs6.20 (or 2.0%) to trade at Rs310.35. Compared with the BSE SENSEX Index which rose 154.2 points (or 0.5%) in the day, this represented a relative price increase of 1.6%.

Technical indicators complementing today's significant uptrend:

+ The positive 4.99 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

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

+ The price lifted 2.7% in the last week and jumped 7.8% in the last month.

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

Undervaluation:

+ Dividend yield of 0.8% [0.5%]

+ 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

The stock has outperformed 68% of the Indian market over the past 6 months.

Overbought/Bearish:

The 0.2% discount to 12-month high of Rs311.0 against the 45.4% premium to 12-month low of Rs213.46 suggests the climb might be peaking.

TODAY'S ALERTS

Afternoon Alert: ICICI Bank in 4th consecutive rise, nears a 42-month high

26 July 2017 12:59 IST

ICICI Bank Ltd. (NSE:ICICIBANK) extended its gains Wednesday, rising an additional Rs2.90 (or 1.0%) to trade at Rs307.05. The stock increased 0.33% on Monday and 0.36% on Tuesday bringing its 4-day rise to 2.1%. It is now approaching its twenty-nine-month high of Rs308.0.

Morning Alert: ICICI Bank in 4th consecutive rise, nears a 42-month high

26 July 2017 10:17 IST

ICICI Bank Ltd. (NSE:ICICIBANK) extended its gains Wednesday, rising an additional Rs2.0 (or 0.7%) to trade at Rs306.15. The stock increased 0.33% on Monday and 0.36% on Tuesday bringing its 4-day rise to 1.8%. It is now approaching its twenty-nine-month high of Rs307.0.

RECENT ALERTS

CLOSING UPDATE: ICICI Bank hits 52-week high fifth time in one month

25 July 2017 17:16 IST

ICICI Bank, India's 3rd largest bank by market capitalisation, hit a 52-week high of Rs306.80 today for the fifth time in the past one month and last traded at Rs304.15. This brought its three-day rise to Rs3.55 or 1.2%. Trading volume was 1.1 times average at the end of the day. Compared with the BSE SENSEX Index which fell 23.2 points (or 0.07%) in the day, this represented a relative price increase of 0.4%.

Afternoon Alert: ICICI Bank in 3rd consecutive rise, nears a 42-month high

25 July 2017 12:58 IST

ICICI Bank Ltd. (NSE:ICICIBANK) extended its gains Tuesday, rising an additional Rs1.40 (or 0.5%) to trade at Rs304.45. The stock increased 0.48% on Friday and 0.33% on Monday bringing its 3-day rise to 1.3%. It is now approaching its twenty-nine-month high of Rs306.80.

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

ISIN: INE090A01021

PermID: 4295873612

Source: www.BuySellSignals.com