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INDIA

CLOSING UPDATE: Kotak Mahindra Bank hits 52-week high seventh time in one month 18 October 2017 17:10 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 3rd largest bank by market capitalisation, hit a 52-week high of Rs1,115.05 today for the seventh time in the past one month and last traded at Rs1,095.90. Trading volume was 1.2 times average at the end of the day. Compared with the BSE SENSEX Index which fell 24.8 points (or 0.08%) in the day, this represented a relative price increase of 1.7%.

Technical indicators complementing today's significant uptrend:

+ The positive 21.74 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

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

+ The price climbed 5.0% in the last week and jumped 7.8% in the last month.

+ The present value of Rs1,000 invested one year ago is Rs1,412 [vs Rs1,162 for the BSE SENSEX Index].

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

Undervaluation:

+ Return on Equity 12.4% [3.4%]

+ Return on Assets 1.6% [0.2%]

Other Bullish Signals include:

+ The company is cash rich with Cash to Market Capitalisation at 25.2%.

+ Tobin's Q Ratio is 1. Compared with the rest of the market the stock is undervalued.

+ Net profit margin has averaged 15.4% 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 12.4% is better than sector average of 3.4%.

Note

The stock has outperformed 73% of the Indian market over the past 6 months.

Overbought/Bearish:

The 1.7% discount to 12-month high of Rs1,115.05 against the 58.4% premium to 12-month low of Rs692.07 suggests the climb might be peaking.

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

Overvaluation:

Price to Book of 7.5 [1.8]

TODAY'S ALERTS

Afternoon Alert: Kotak Mahindra Bank hits 52-week high seventh time in one month

18 October 2017 12:58 IST

Kotak Mahindra Bank Limited (NSE:KOTAKBANK) hit a 52-week high of Rs1,115.05 today for the seventh time in the past one month and last traded at Rs1,090.35. Trading volume was 1.7 times average so far today.

Morning Alert: Kotak Mahindra Bank hits 52-week high seventh time in one month

18 October 2017 10:16 IST

Kotak Mahindra Bank Limited (NSE:KOTAKBANK) hit a 52-week high of Rs1,115.05 today for the seventh time in the past one month and last traded at Rs1,091.70. Trading volume was 1.6 times average so far today.

RECENT ALERTS

CLOSING UPDATE: Kotak Mahindra Bank decreases further 0.1%

17 October 2017 17:10 IST

Kotak Mahindra Bank, India's 3rd largest bank by market capitalisation, traded on volume of 0.8 times average today while the price decreased Rs3.90 (or 0.4%) to trade at Rs1,078.60. Compared with the BSE SENSEX Index which fell 24.5 points (or 0.08%) in the day, this represented a relative price change of -0.3%.

Morning Alert: Kotak Mahindra Bank decreases 0.2% on robust volume

17 October 2017 10:17 IST

Kotak Mahindra Bank Limited (NSE:KOTAKBANK) traded on heavy volume of 1.4 times average so far today while the price decreased Rs2.40 (or 0.2%) to trade at Rs1,080.10.

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

ISIN: INE237A01028

PermID: 4295872395

Source: www.BuySellSignals.com