Indian stock alert
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:
+ 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%.
The stock has outperformed 68% of the Indian market over the past 6 months.
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.
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.
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)