230.0 +3.04 (+1.32%) Sell

Joy for BIL investors as it ranks better than it's peers but, has not managed to breakout

13 min read

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.

[Themes containing BIL]

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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