Indian stock alert

INDIA

CLOSING UPDATE: Bharti Airtel keeps sliding: down 3.4% in 3 days 16 January 2018 17:13 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).

Bharti Airtel, India's largest telecommunication services company by market capitalisation, extended its slide on Tuesday, shedding an additional Rs7.25 (or 1.4%) to trade at Rs497.25. Trading volume was 5.6 times average at the end of the day. The shares have fallen Rs17.50 (or 3.4%) over the past three trading days vs. the BSE SENSEX Index which has risen 0.8% in the same period.

Technical indicators complementing today's significant downtrend:

+ The negative 1.78 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

+ The price dropped 2.5% in the last week and sank 5.5% in the last month.

Note

Bharti Airtel today is at a discount of 12.0% to the 12-month high of Rs564.80 on 03 Nov, 2017. It is at a premium of 63.4% to the 12-month low of Rs304.23 on 25 Jan, 2017.

The stock has outperformed 52% of the Indian market over the past 6 months.

Bullish Signals:

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

The present value of Rs1,000 invested one year ago is Rs1,569 [vs Rs1,274 for the BSE SENSEX Index].

Total Liabilities/EBITDA of 4.3 is less than the Joseph Piotroski benchmark of <5.

Tobin's Q Ratio is 0.9. Compared with the rest of the market the stock is undervalued.

Net profit margin has averaged 5.8% in the last 3 years. This is better than the sector average of 5.2% and suggests a high margin of safety.

The Brand Value represents 7.6% of the estimated Enterprise Value of Rs3,130.7 billion (US$49.2 billion).

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

Undervaluation:

Dividend yield of 0.2% [0.2%]

Return on Capital Employed 10.2% [5.9%]

TODAY'S ALERTS

Afternoon Alert: Bharti Airtel inches higher, resistance at 12-day EMA

16 January 2018 12:59 IST

Bharti Airtel Limited (NSE:BHARTIARTL) has increased 0.2% but fell short of the 12-day Exponential Moving Average [EMA] of Rs514.24.

Morning Alert: Bharti Airtel inches higher, resistance at 12-day EMA

16 January 2018 10:23 IST

Bharti Airtel Limited (NSE:BHARTIARTL) has increased 1.2% but fell short of the 12-day Exponential Moving Average [EMA] of Rs515.08.

RECENT ALERTS

CLOSING UPDATE: Bharti Airtel in 2nd consecutive fall, nears one-month low

15 January 2018 17:17 IST

Bharti Airtel, India's largest telecommunication services company by market capitalisation, slipped further on Monday, sliding an additional Rs5.05 (or 1.0%) to trade at Rs504.50. The stock decreased 1.01% on Friday bringing its 2-day fall to 2.0%. It is now approaching its 28-day low of Rs502.45. Compared with the BSE SENSEX Index which rose 251.1 points (or 0.7%) in the day, this represented a relative price change of -1.7%.

Morning Alert: Bharti Airtel decreases 0.4%, leads Telecommunication services sector lower

15 January 2018 10:23 IST

Bharti Airtel Limited (NSE:BHARTIARTL) has decreased 0.4% to trade at Rs507.35 vs. the Telecommunication services sector which weakened 83.7 points (or 0.6%) to 13,047.3. Representing a weighting of about 80.4% of the sector, the stock accounted for 54.3% of today's loss. The shares have underperformed 92% of the market in the past month. Trading volume was 34% of average so far today.

Bharti Airtel Limited (NSE:BHARTIARTL; BSE:BHARTIARTL; NS:BHARTIARTL; IN:BHARTIARTL)

ISIN: INE397D01024

PermID: 4295873022

Source: www.BuySellSignals.com