BHARTIYA INTERNATIONAL ranked among the best performers on Tuesday. It delivered +1.32% to close at 230.0. It is currently trading -54% below it's 52 week high of 507.85.
BIL is currently in a bearish trend. The current bearish signal has generated a profit of +4.11% for investors in the last three months.
BIL has been underperforming the NIFTY-50 index in recent time. It showed significant underperformance (compared to the NIFTY-50 index) from 1 Feb, 2016 to 20 Dec, 2018. Over the last 3 years and 1 month, BIL underperformed the NIFTY-50 index on 52% days.
During the last three months BIL delivered profits on 53% days. However, it still managed to end this period in a loss. It's best return during this period (of +7.36%) was on Friday, 28 Dec, 2018. While it's worst loss in the same period (of -5.4%) was on Wednesday, 21 Nov, 2018. The longest stort-term trend during this period was 7 profitable days, which started on 23 Oct, 2018 and went on till 31 Oct, 2018. This bullish trend returned +10.46% to investors.
During the last year BIL had 3 profitable months and 9 loss making months. BIL returned profits in fewer months than NIFTY-50 index. BIL was also a more risky investment than NIFTY-50 index as it's worst month in the last year, Sep 2018, returned -22.3% compared to -6.42% returned by NIFTY-50 index in Sep 2018. BIL had a longer winning streak of losing months than NIFTY-50 index. It went down in 4 straight months (from Aug 2018 to Nov 2018) during which period it delivered -62.04%. It is interesting to note that both BIL and NIFTY-50 index significantly outperform during months when quarterly/annual results are announced.
An investment in knowledge pays the best interest.
-- Benjamin Franklin
BIL is currently seeing overall fall in volatility. In comparison, the NIFTY-50 index is seeing decrease in volatility. During the last three months, there was a significant fall in BIL's volatility from 23 Oct, 2018 to 22 Jan, 2019. While there was a significant fall in the NIFTY-50 index's volatility from 31 Oct, 2018 to 5 Dec, 2018.
Advanced/professional short-term investors should note that BIL has significant negative skewness in it's return distribution. This indicates that BIL is very risky for short-term investment and can significantly underperform for long durations.
BIL has more chance of extreme outcomes than the NIFTY-50 index. Therefore, BIL must receive a lower allocation than NIFTY-50 in your portfolio. NIFTY-50 index usually has shorter drawdown period than BIL.
On a general note (since you are interested in BIL), IGARASHI is a small cap that deserves to be closely tracked for investment opportunities.
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