Adani Ports Apollo

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and Special Hospitals Asian Paints Axis Bank Bajaj Finance Bajaj Finserv
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15.9 12.8 13.4 21.3 12.9 5.5 28.9 32.0
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25.9 8.1 2.4 9.5 6.2 3.0 10.7 6.9
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Britannia Divi's Dr. Reddy's
Petroleum Bharti Airtel Coal India Eicher
Industries Cipla Ltd. Laboratories Laboratories
Corporation Ltd. Ltd. Motors Ltd.
Ltd. Ltd. Ltd.
Ltd.

-7.4 -1.7 2.9 3.2 9.1 12.8 15.8 0.9

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 HDFC Life
Grasim HCL Hero Hindalco
HDFC Bank Insurance Hindustan ICICI Bank
Industries Technologies MotoCorp Industries
Ltd. Company Unilever Ltd. Ltd.
Ltd. Ltd. Ltd. Ltd.
Ltd.

4.0 8.1 -5.6 -8.5 -1.2 10.9 2.8 11.9

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IndusInd JSW Steel Larsen & LTIMindtree
Infosys Ltd. ITC Ltd. Mahindra Mahindra
Bank Ltd. Ltd. Toubro Ltd. Ltd.
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2.2 6.1 -2.5 9.8 2.3 2.5 2.1 -3.2
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-11.9 1.7 6.1 -7.0 -5.4 1.8 0.1 9.9
-0.5 -3.1 6.7 -7.1 -0.1 -0.7 7.8 -8.2
-0.9 -4.1 1.8 3.1 0.2 2.6 0.8 -9.1
7.6 -13.1 10.4 5.3 11.2 8.8 -7.4 5.7
11.0 5.1 4.6 -4.1 3.9 -7.0 12.3 7.2
6.6 1.3 1.4 12.0 -8.7 11.5 3.9 9.7
3.1 1.5 3.1 4.0 0.5 8.0 -6.1 1.5
-2.8 5.7 -5.7 -4.6 -5.4 0.8 6.0 6.6
3.6 0.0 1.1 0.0 -1.3 11.2 0.3 -1.4
0.9 -4.8 -3.7 -5.7 0.2 -3.2 -2.9 -6.4
1.7 6.1 1.7 8.4 0.9 6.0 9.0 12.2
8.7 5.9 5.9 9.4 8.3 12.6 12.8 4.8
-4.1 7.4 -4.5 -7.3 -4.4 -1.3 -14.4 -4.6
-3.9 0.8 -8.3 -2.3 -7.7 -0.1 -2.7 15.7
5.2 -11.1 5.3 3.7 5.5 7.9 -7.1 -0.6
-2.4 -5.3 1.7 6.1 -9.5 -4.6 -4.8 11.5
-3.6 -1.0 -2.1 -0.2 3.4 2.1 -0.1 15.0
0.2 10.8 -0.4 5.6 7.0 -3.3 13.6 13.4
-1.8 5.9 4.3 0.8 2.8 2.3 0.1 -0.5
 Oil & Natural SBI Life
Maruti Power Grid Reliance
Nestle India Gas Insurance Shriram
Suzuki India NTPC Ltd. Corporation Industries
Ltd. Corporation Company Finance Ltd.
Ltd. Of India Ltd. Ltd.
Ltd. Ltd.

-4.6 9.5 10.2 8.3 10.0 4.6 -2.0 -3.4

-21.3 -17.7 -2.8 -1.6 -6.7 1.3 -27.3 -14.9
-10.5 4.5 -4.4 -14.5 -1.3 -17.0 9.1 1.2
14.7 5.9 -12.9 -8.8 -3.2 9.5 1.9 -0.8
-2.6 2.9 6.0 6.6 9.8 -4.0 4.5 7.1
-11.7 3.7 -6.5 -5.9 -5.2 9.0 -0.5 -20.0
2.8 -7.8 1.1 5.1 -3.1 0.3 -2.8 11.8
-2.3 3.0 13.5 7.2 7.9 10.2 0.8 11.2
-0.1 -0.5 -0.5 5.7 -6.0 2.1 9.2 -14.0
3.0 5.3 -0.6 1.6 1.5 -4.6 8.2 4.7
-5.0 3.5 5.9 -2.5 8.9 -6.0 4.2 -7.5
-17.8 -2.0 -11.1 -18.9 1.9 -7.2 9.7 -10.9
11.3 9.8 -3.9 -13.6 -5.0 6.8 5.0 -0.3
9.2 7.6 -3.5 8.4 -0.7 6.5 0.9 10.3
11.8 7.3 4.1 7.2 -0.4 9.5 15.8 6.1
-4.2 -3.4 -5.1 -7.3 -2.6 5.8 -3.2 -1.0
1.7 2.3 2.3 -2.3 -1.6 -2.4 0.2 3.8
-6.4 3.8 -5.3 -16.7 -1.8 -7.0 3.3 -13.8
-9.6 2.7 -5.7 -17.0 -2.9 -6.1 -11.0 15.9
-38.2 3.3 -23.5 -29.7 -13.2 -17.6 -32.9 -59.4
22.3 9.5 12.1 15.7 1.8 27.5 12.6 16.7
4.6 -2.2 2.9 4.0 -2.8 0.8 5.6 -31.1
4.0 -2.1 -2.1 -2.2 10.4 15.2 4.8 18.6
7.0 -3.9 -9.6 -3.8 2.0 19.3 12.4 2.8
8.8 -3.5 10.3 4.6 0.4 0.7 -9.8 1.6
-1.4 -0.2 -12.5 -16.8 -9.7 7.1 -2.0 -12.6
3.2 7.5 2.9 -6.5 5.1 -8.4 -5.4 11.3
1.0 4.2 7.8 19.0 11.8 -6.3 9.5 43.4
8.4 2.8 4.8 17.0 -1.3 2.8 6.7 -2.2
-6.0 -7.5 -11.1 -5.2 -2.9 -7.5 -4.5 21.0
-4.8 -5.8 18.8 22.9 15.0 12.4 0.3 -0.7
-0.1 6.4 -0.7 -8.3 0.6 -4.0 1.6 10.3
-6.1 -5.1 -3.9 5.7 2.0 -0.4 5.3 -5.6
9.3 8.2 7.6 5.0 2.5 8.0 4.9 6.1
5.9 -0.4 5.2 3.5 2.9 -2.3 3.3 -6.3
-7.4 0.4 1.5 -2.1 -1.8 -3.6 8.6 3.5
-1.9 9.5 -1.9 4.5 2.4 10.4 8.2 -2.7
6.9 -0.1 20.2 18.1 8.0 10.9 1.9 -4.1
1.9 -2.3 -6.7 3.1 -2.6 0.7 -5.9 10.1
-5.7 0.8 -4.2 -4.8 11.1 -5.3 1.3 -2.1
4.9 2.8 -2.3 0.2 -1.1 -1.6 3.0 -14.5
14.6 -6.2 13.3 19.2 5.2 0.8 3.1 0.9
-3.3 -4.9 -6.2 -7.2 -2.9 -1.1 -15.1 -8.9
-9.5 -1.5 1.1 2.0 3.6 11.0 5.6 0.9
2.0 5.3 14.6 -2.1 4.9 5.7 -1.4 5.8
3.2 -3.5 -0.1 -5.9 2.2 -5.8 6.0 -2.2
6.1 -1.3 -8.8 0.2 -9.4 -1.4 -8.2 8.6
3.5 10.3 6.8 -12.2 1.0 -3.4 18.0 7.4
3.5 2.9 7.0 3.3 7.1 5.0 2.6 -1.8
-2.8 -4.0 -2.7 -8.9 -7.9 -10.4 -6.1 -12.3
7.6 6.2 8.1 5.6 7.2 7.0 1.2 2.6
-6.0 -0.9 -0.5 5.1 -1.8 6.9 1.3 9.4
-6.7 -2.9 -3.4 3.9 -4.7 -7.0 -4.1 2.0
5.8 -3.0 2.8 -1.3 1.4 -7.9 -1.0 -6.8
-3.1 -1.8 -0.4 4.8 2.6 -1.3 -8.4 -6.7
-3.9 5.4 2.7 -0.7 1.5 0.4 -1.8 4.6
3.5 9.9 -1.8 5.1 5.0 3.8 3.5 5.6
8.7 -0.4 1.1 -2.6 -1.4 2.0 8.0 4.9
4.4 5.5 8.4 3.4 8.7 3.2 5.7 21.5
0.3 -1.5 14.4 9.9 4.2 0.0 -1.9 8.7
1.8 -2.5 0.9 -1.7 -8.4 -5.7 0.8 1.8
5.9 2.3 10.9 9.7 8.5 -2.6 1.0 -0.5
-2.1 7.4 -4.1 -3.0 1.2 -2.5 4.7 -2.1
2.1 0.0 10.3 4.6 3.3 3.8 4.8 6.6
-2.9 9.2 17.5 5.1 12.7 8.4 -0.2 2.3
-1.1 -5.9 2.0 20.7 8.9 9.9 -2.2 18.3
10.3 3.5 5.5 4.8 8.7 2.4 10.3 -1.1
11.0 1.0 0.1 1.3 -2.1 1.7 -3.4 -3.3
1.7 -4.5 7.8 5.4 8.6 -1.3 -4.3 7.8
-3.3 -6.3 -1.2 -6.8 2.7 -2.5 -3.6 -8.1
-3.0 8.0 5.2 3.7 6.5 9.0 7.3 21.3
-0.1 2.0 -0.2 8.7 2.5 2.2 1.5 -3.6
 Sun
Tata Tata Tech Titan
State Bank Pharmaceuti Tata Motors Tata Steel
Consultancy Consumer Mahindra Company
Of India cal Industries Ltd. Ltd.
Services Ltd. Products Ltd. Ltd. Ltd.
Ltd.

5.3 13.8 6.9 -5.2 1.3 6.4 11.8 -2.3

-15.4 -4.6 4.9 -0.2 -17.9 -3.2 -2.7 -10.2
5.8 -7.1 -11.9 -7.0 -22.2 -4.8 -0.2 4.7
1.1 -16.4 1.5 0.4 -4.1 -4.5 -5.2 9.3
3.9 -13.5 -3.9 0.3 0.4 -1.6 2.4 0.4
-0.8 -1.7 6.2 -7.4 4.8 -8.9 1.2 6.7
-8.7 5.0 -1.5 -5.1 -2.1 4.9 12.6 2.9
17.6 7.3 0.9 5.2 -1.8 4.0 -6.8 10.8
-3.4 -4.5 12.2 2.5 20.7 6.7 7.5 1.5
12.9 -11.0 -2.9 15.4 -21.6 -13.2 -9.5 6.5
2.5 -2.2 1.4 10.0 -6.0 3.2 -7.3 7.7
-8.4 6.2 -1.0 -6.9 -18.1 -15.5 -10.5 -23.4
-19.3 5.4 2.4 10.2 -15.0 -22.5 8.6 4.5
-1.1 -14.5 -7.4 -0.9 0.6 4.4 3.0 14.1
14.3 10.7 7.8 13.9 41.4 5.4 3.4 4.5
9.0 3.7 -10.0 1.9 -9.6 11.6 3.0 -13.8
-2.4 -3.9 5.1 -0.6 13.7 9.9 0.1 2.4
-4.7 0.4 -3.9 17.7 -4.7 -7.3 4.4 0.0
-5.0 -15.2 -3.9 -10.2 -31.4 -13.9 -6.8 5.5
-43.1 -5.7 -9.1 -16.0 -59.6 -34.8 -27.5 -29.5
-3.3 27.6 9.8 17.6 27.2 10.1 -3.5 3.8
-16.6 2.1 -2.1 4.3 -6.9 -1.0 -2.9 -8.6
10.1 -0.3 5.4 5.4 12.2 10.1 2.4 6.5
7.0 11.7 9.1 10.0 6.3 11.4 22.7 9.4
10.2 -2.2 -1.1 21.8 31.4 12.0 8.3 5.3
-13.4 -3.9 9.9 -6.3 -7.2 -13.8 6.6 8.8
2.1 -7.2 6.7 -1.4 -0.5 13.2 2.7 -3.0
25.5 9.4 0.6 8.8 30.7 34.1 7.5 15.5
11.8 14.6 6.6 9.2 1.9 10.9 10.4 14.1
2.6 -1.0 8.3 -5.2 35.7 -6.8 -1.2 -9.8
32.4 1.4 -7.2 8.4 20.6 17.4 -4.5 -0.9
-6.9 0.5 9.3 4.8 -6.8 12.7 7.6 10.2
-3.0 9.1 -4.6 4.7 -2.7 24.2 -3.2 -4.4
18.3 2.1 4.0 -0.8 8.1 8.5 6.2 6.8
-1.2 1.1 5.7 12.8 6.3 3.6 7.0 8.2
3.0 13.6 -5.5 0.2 -14.4 20.7 9.9 -1.0
-1.3 2.6 17.9 13.4 -2.3 1.1 18.0 11.4
6.1 3.0 -0.3 -6.1 14.9 -11.8 -4.7 11.8
10.3 -2.9 -10.5 -0.5 37.2 2.1 6.8 9.8
-8.6 -5.3 3.8 -3.9 -5.3 -20.6 4.2 -0.3
0.0 11.5 5.8 -4.6 5.1 3.7 15.0 6.0
 15.6 -1.3 -0.1 -2.2 7.1 -2.3 -19.1 -6.6
-10.8 1.1 -5.0 -1.2 -13.1 11.7 -4.8 7.6
2.1 8.1 5.1 7.9 -4.6 6.8 6.2 -0.4
0.6 1.5 -5.3 5.8 0.9 -2.8 -17.5 -3.1
-5.8 -7.6 -5.3 -8.1 1.4 -18.6 -6.5 -10.4
-0.5 -3.5 -2.9 -7.3 -7.4 -19.7 -16.6 -13.2
12.6 12.7 1.1 13.9 8.8 21.6 4.8 19.2
0.5 -5.5 -2.8 -0.2 4.7 0.6 2.6 10.2
-0.1 6.0 -6.7 -0.8 -15.2 -8.7 -6.5 0.1
7.8 6.9 6.1 -4.2 2.0 2.2 5.3 5.8
4.9 2.8 6.0 6.0 6.3 5.8 1.3 -4.0
1.9 -4.4 -4.0 -6.5 -12.5 4.5 -5.8 -2.1
-10.3 3.3 3.1 -5.0 15.3 6.1 -0.1 -8.9
-5.7 -7.8 -1.4 -2.0 -7.2 -14.1 8.1 -0.2
0.2 2.7 -3.3 -0.9 0.0 0.5 0.1 5.8
9.9 0.5 0.4 7.5 14.2 3.2 -7.4 4.9
0.3 -1.3 2.2 4.5 8.2 -2.0 8.6 6.6
-1.2 7.5 0.4 7.5 12.4 5.7 1.4 7.6
7.9 8.4 3.5 -0.2 7.9 9.5 -1.4 -1.4
-10.0 -2.8 -1.9 -2.9 -7.0 -0.2 7.5 3.3
6.4 4.1 5.0 5.0 4.7 4.8 1.7 1.4
-5.7 -6.2 -4.6 2.7 -0.2 -8.2 -7.6 1.3
-0.1 11.9 3.5 4.4 11.7 7.4 7.5 9.0
12.8 2.7 8.4 14.4 9.9 8.8 4.1 5.2
-0.2 11.9 0.6 2.8 12.5 -2.6 4.7 0.6
15.5 10.7 7.1 6.2 7.2 3.5 -4.6 -2.0
0.6 2.7 -5.5 -8.2 4.4 10.1 -2.0 4.8
9.4 -7.6 -1.4 1.1 1.5 5.7 1.2 -5.8
0.5 -2.9 -4.0 -4.4 -8.8 1.3 -2.8 -10.2
2.2 4.1 6.2 3.4 7.0 4.0 15.2 4.9
0.9 2.3 2.3 4.7 1.3 -1.0 2.6 -7.6
 Ultratech
Wipro Ltd.
Cement Ltd.

6.5 8.6
-9.7 7.3
-14.9 2.2
13.4 -2.0
-0.2 1.9
-12.6 11.0
8.4 -0.1
4.4 -8.2
14.4 15.8
3.1 -4.2
-4.4 -2.1
-4.7 -5.6
-7.0 -4.2
6.9 -5.9
-4.7 7.8
2.8 -8.7
-5.1 3.4
8.8 -3.7
-4.6 -6.7
-26.3 -11.9
8.5 -3.0
10.0 10.8
-0.3 3.2
5.6 24.6
-5.3 -3.5
3.7 14.5
12.2 8.3
4.9 2.8
9.6 9.7
0.7 7.9
13.8 -1.8
9.7 0.9
-7.1 17.4
6.6 9.0
1.0 1.2
11.7 7.3
2.8 8.8
-5.7 -1.1
3.2 2.0
-2.7 -1.5
2.1 11.6
-5.1 -22.3
-9.4 -3.0
0.5 6.3
0.4 -15.1
-8.6 -6.2
-8.1 -13.9
15.5 1.8
2.0 -2.4
-6.5 -4.8
7.1 -2.0
5.3 5.1
-1.7 -3.5
1.8 1.5
2.5 -3.0
4.8 -5.8
-0.9 5.3
4.1 4.7
5.3 -3.7
0.3 4.0
-0.2 0.8
-0.5 -0.6
2.0 -6.2
6.7 7.9
15.4 13.2
-3.2 1.4
-2.7 8.1
-1.5 -7.7
2.3 -3.8
-0.6 -5.4
16.3 16.1
-0.7 5.0
 Adani Ports Apollo
Adani
and Special Hospitals Asian Paints
Enterprises
Economic Enterprise Ltd.
Ltd.
Zone Ltd. Ltd.

Adani Enterprises Ltd. 1.00

Adani Ports and Special Economic Zone Ltd. 0.60 1.00
Apollo Hospitals Enterprise Ltd. 0.38 0.35 1.00
Asian Paints Ltd. 0.23 0.39 0.20 1.00
Axis Bank Ltd. 0.40 0.50 0.43 0.22
. 0.26 0.46 0.28 0.11
Bajaj Finance Ltd. 0.44 0.54 0.52 0.37
Bajaj Finserv Ltd. 0.36 0.57 0.50 0.32
Bharat Petroleum Corporation Ltd. 0.29 0.55 0.19 0.22
Bharti Airtel Ltd. 0.24 0.45 0.28 0.05
Britannia Industries Ltd. 0.22 0.31 0.39 0.35
Cipla Ltd. 0.20 0.16 0.15 0.04
Coal India Ltd. 0.29 0.43 0.08 -0.01
Divi's Laboratories Ltd. 0.34 0.18 0.30 0.37
Dr. Reddy's Laboratories Ltd. -0.04 -0.01 0.25 0.08
Eicher Motors Ltd. 0.33 0.37 0.20 0.24
Grasim Industries Ltd. 0.39 0.62 0.34 0.25
HCL Technologies Ltd. 0.16 0.20 0.44 0.25
HDFC Bank Ltd. 0.32 0.54 0.31 0.36
HDFC Life Insurance Company Ltd. 0.38 0.35 0.36 0.31
Hero MotoCorp Ltd. 0.33 0.48 0.30 0.12
Hindalco Industries Ltd. 0.42 0.58 0.43 0.25
Hindustan Unilever Ltd. 0.24 0.14 0.10 0.48
ICICI Bank Ltd. 0.47 0.57 0.39 0.30
IndusInd Bank Ltd. 0.41 0.59 0.41 0.34
Infosys Ltd. 0.08 0.12 0.39 0.24
ITC Ltd. 0.15 0.38 0.09 0.27
JSW Steel Ltd. 0.42 0.48 0.36 0.29
Kotak Mahindra Bank Ltd. 0.30 0.50 0.21 0.42
Larsen & Toubro Ltd. 0.40 0.63 0.43 0.29
LTIMindtree Ltd. 0.14 0.20 0.35 0.32
Mahindra & Mahindra Ltd. 0.36 0.47 0.33 0.09
Maruti Suzuki India Ltd. 0.34 0.39 0.23 0.26
Nestle India Ltd. 0.25 0.24 0.25 0.46
NTPC Ltd. 0.33 0.50 0.15 0.14
Oil & Natural Gas Corporation Ltd. 0.22 0.50 0.12 -0.06
Power Grid Corporation Of India Ltd. 0.30 0.47 0.32 0.02
Reliance Industries Ltd. 0.21 0.43 0.35 0.21
SBI Life Insurance Company Ltd. 0.45 0.39 0.47 0.29
Shriram Finance Ltd. 0.36 0.42 0.31 0.12
State Bank Of India 0.54 0.57 0.29 0.16
Sun Pharmaceutical Industries Ltd. 0.21 0.21 0.30 0.13
Tata Consultancy Services Ltd. 0.05 0.16 0.35 0.27
Tata Consumer Products Ltd. 0.48 0.53 0.41 0.35
Tata Motors Ltd. 0.35 0.39 0.27 0.07
Tata Steel Ltd. 0.38 0.47 0.25 0.26
Tech Mahindra Ltd. 0.19 0.21 0.43 0.30
Titan Company Ltd. 0.37 0.46 0.45 0.49
Ultratech Cement Ltd. 0.28 0.57 0.36 0.36
Wipro Ltd. 0.09 0.13 0.34 0.19
 Bharat
Britannia
Bajaj Finance Bajaj Finserv Petroleum Bharti Airtel
Axis Bank Ltd. . Industries
Ltd. Ltd. Corporation Ltd.
Ltd.
Ltd.

1.00
0.58 1.00
0.71 0.45 1.00
0.70 0.50 0.91 1.00
0.54 0.58 0.41 0.52 1.00
0.43 0.44 0.39 0.50 0.44 1.00
0.32 0.41 0.37 0.32 0.38 0.24 1.00
0.05 0.29 -0.04 0.05 0.03 0.15 0.14
0.50 0.48 0.38 0.40 0.37 0.29 0.08
0.26 0.12 0.29 0.28 0.07 0.13 0.08
-0.04 0.16 -0.10 -0.08 0.07 -0.03 0.27
0.44 0.58 0.44 0.46 0.43 0.32 0.54
0.55 0.54 0.50 0.61 0.46 0.38 0.26
0.31 0.38 0.23 0.24 0.24 0.08 0.37
0.74 0.51 0.70 0.73 0.58 0.39 0.45
0.39 0.47 0.45 0.42 0.47 0.39 0.46
0.41 0.77 0.35 0.38 0.52 0.34 0.58
0.63 0.51 0.59 0.66 0.46 0.31 0.28
0.05 0.00 0.23 0.14 0.13 0.01 0.55
0.78 0.52 0.73 0.69 0.43 0.38 0.23
0.79 0.60 0.79 0.80 0.55 0.42 0.32
0.29 0.12 0.27 0.28 0.17 0.09 0.19
0.38 0.40 0.40 0.42 0.26 0.34 0.37
0.59 0.46 0.50 0.58 0.37 0.27 0.12
0.52 0.36 0.68 0.63 0.38 0.37 0.31
0.66 0.61 0.66 0.67 0.52 0.38 0.42
0.42 0.29 0.41 0.47 0.21 0.22 0.27
0.58 0.62 0.49 0.51 0.52 0.34 0.50
0.57 0.69 0.50 0.45 0.52 0.37 0.43
0.20 0.15 0.27 0.19 0.14 0.13 0.44
0.53 0.43 0.36 0.36 0.38 0.26 0.15
0.54 0.53 0.37 0.42 0.52 0.41 0.11
0.45 0.30 0.44 0.42 0.37 0.28 0.15
0.43 0.52 0.33 0.38 0.58 0.35 0.40
0.47 0.47 0.61 0.57 0.35 0.36 0.49
0.63 0.54 0.63 0.65 0.46 0.38 0.21
0.70 0.38 0.66 0.61 0.51 0.32 0.14
0.25 0.40 0.15 0.21 0.22 0.26 0.23
0.35 0.34 0.17 0.18 0.28 0.10 0.34
0.43 0.38 0.47 0.49 0.46 0.34 0.43
0.60 0.64 0.43 0.48 0.48 0.29 0.30
0.58 0.43 0.58 0.67 0.42 0.26 0.13
0.43 0.28 0.46 0.48 0.18 0.17 0.24
0.55 0.39 0.71 0.69 0.36 0.19 0.36
0.47 0.42 0.45 0.54 0.46 0.39 0.35
0.19 0.20 0.18 0.23 0.11 -0.04 0.13
 Divi's Dr. Reddy's Grasim HCL
Coal India Eicher Motors
Cipla Ltd. Laboratories Laboratories Industries Technologies
Ltd. Ltd.
Ltd. Ltd. Ltd. Ltd.

1.00
0.19 1.00
0.16 0.07 1.00
0.47 -0.06 0.21 1.00
0.25 0.39 0.17 0.09 1.00
0.20 0.35 0.19 0.03 0.54 1.00
0.42 0.15 0.20 0.46 0.30 0.30 1.00
-0.06 0.36 0.21 0.01 0.48 0.54 0.22
0.18 0.14 0.10 0.14 0.43 0.33 0.36
0.29 0.37 0.10 0.17 0.60 0.43 0.28
0.18 0.52 0.40 0.04 0.41 0.56 0.31
-0.04 -0.04 0.06 0.03 0.26 0.01 0.18
0.03 0.44 0.30 -0.05 0.35 0.49 0.18
0.03 0.44 0.23 -0.07 0.47 0.60 0.28
0.28 -0.04 0.17 0.34 -0.02 0.19 0.69
0.16 0.46 0.12 0.12 0.54 0.51 0.21
0.28 0.31 0.54 0.24 0.32 0.62 0.32
-0.08 0.41 0.12 -0.08 0.29 0.35 0.10
0.05 0.49 0.14 -0.01 0.49 0.63 0.28
0.21 0.04 0.26 0.01 0.31 0.47 0.57
0.26 0.37 0.16 0.13 0.71 0.59 0.33
0.18 0.41 0.06 0.07 0.68 0.48 0.31
0.03 0.11 0.17 0.22 0.20 0.08 0.22
0.21 0.69 0.14 -0.02 0.33 0.53 0.16
0.23 0.68 0.05 0.07 0.33 0.52 0.19
0.05 0.53 0.05 0.00 0.23 0.39 0.08
0.34 0.30 0.13 0.43 0.34 0.41 0.54
0.28 0.28 0.14 0.12 0.46 0.37 0.40
-0.02 0.25 0.22 -0.12 0.36 0.47 0.10
-0.04 0.55 0.18 -0.17 0.35 0.54 0.03
0.59 0.23 0.34 0.38 0.27 0.31 0.53
0.38 0.07 0.06 0.29 0.28 0.33 0.68
0.23 0.21 0.35 0.08 0.33 0.46 0.34
0.22 0.40 0.13 0.05 0.51 0.58 0.29
0.21 0.42 0.53 -0.01 0.36 0.58 0.23
0.14 0.08 0.34 0.19 0.29 0.38 0.66
0.06 0.32 0.27 0.07 0.39 0.48 0.39
0.07 0.21 0.21 0.09 0.37 0.74 0.42
0.34 0.02 0.30 0.34 0.15 0.25 0.60
 HDFC Life Hero Hindalco
HDFC Bank Hindustan ICICI Bank IndusInd
Insurance MotoCorp Industries
Ltd. Unilever Ltd. Ltd. Bank Ltd.
Company Ltd. Ltd. Ltd.

1.00
0.50 1.00
0.47 0.53 1.00
0.66 0.33 0.49 1.00
0.11 0.31 0.09 -0.10 1.00
0.68 0.35 0.39 0.64 0.03 1.00
0.77 0.43 0.47 0.71 -0.01 0.78 1.00
0.17 0.26 0.08 0.28 0.07 0.17 0.24
0.45 0.32 0.34 0.43 0.10 0.40 0.46
0.49 0.23 0.28 0.67 -0.10 0.55 0.59
0.69 0.47 0.35 0.44 0.23 0.64 0.64
0.68 0.45 0.58 0.66 0.06 0.67 0.67
0.39 0.29 0.15 0.33 0.18 0.32 0.35
0.59 0.55 0.70 0.49 0.07 0.50 0.58
0.51 0.51 0.65 0.38 0.10 0.48 0.59
0.28 0.40 0.16 0.06 0.53 0.27 0.07
0.45 0.25 0.43 0.55 0.00 0.53 0.52
0.43 0.22 0.44 0.55 -0.21 0.51 0.50
0.41 0.25 0.31 0.44 0.02 0.46 0.43
0.46 0.39 0.47 0.43 -0.01 0.34 0.47
0.40 0.70 0.45 0.40 0.33 0.54 0.50
0.60 0.39 0.41 0.38 0.05 0.64 0.66
0.62 0.27 0.30 0.58 -0.03 0.80 0.70
0.07 0.22 0.33 0.42 -0.03 0.30 0.29
0.25 0.36 0.22 0.17 0.26 0.10 0.14
0.45 0.40 0.43 0.43 0.28 0.42 0.46
0.50 0.39 0.53 0.50 -0.10 0.59 0.59
0.53 0.25 0.26 0.78 -0.02 0.63 0.62
0.29 0.22 0.13 0.36 0.18 0.37 0.34
0.53 0.38 0.28 0.42 0.32 0.50 0.53
0.56 0.42 0.37 0.51 0.21 0.46 0.50
0.08 0.20 0.05 0.28 0.05 0.14 0.10
 Kotak Mahindra &
Larsen & LTIMindtree
Infosys Ltd. ITC Ltd. JSW Steel Ltd. Mahindra Mahindra
Toubro Ltd. Ltd.
Bank Ltd. Ltd.

1.00
0.09 1.00
0.30 0.32 1.00
0.12 0.46 0.29 1.00
0.17 0.54 0.45 0.54 1.00
0.55 0.20 0.40 0.20 0.40 1.00
0.18 0.48 0.42 0.34 0.62 0.40 1.00
0.07 0.34 0.36 0.38 0.59 0.28 0.69
0.02 0.23 0.05 0.37 0.31 0.18 0.12
-0.01 0.48 0.40 0.38 0.55 0.16 0.50
0.07 0.47 0.44 0.34 0.55 0.12 0.48
0.11 0.38 0.29 0.44 0.46 0.09 0.44
0.36 0.29 0.41 0.30 0.25 0.25 0.46
0.31 0.36 0.31 0.40 0.52 0.40 0.57
0.13 0.24 0.44 0.45 0.52 0.28 0.51
0.07 0.37 0.43 0.54 0.64 0.20 0.50
0.39 0.33 0.45 -0.02 0.27 0.27 0.30
0.55 0.17 0.23 0.06 0.20 0.47 0.28
0.24 0.21 0.42 0.29 0.46 0.45 0.45
0.13 0.39 0.43 0.33 0.53 0.37 0.64
0.25 0.39 0.78 0.42 0.54 0.36 0.42
0.64 0.19 0.41 0.15 0.35 0.70 0.29
0.27 0.30 0.37 0.48 0.60 0.51 0.36
0.37 0.42 0.50 0.43 0.61 0.50 0.50
0.56 0.05 0.37 0.02 0.16 0.58 0.19
 Oil & Natural
Power Grid Reliance SBI Life
Maruti Suzuki Nestle India Gas
NTPC Ltd. Corporation Industries Insurance
India Ltd. Ltd. Corporation
Of India Ltd. Ltd. Company Ltd.
Ltd.

1.00
0.25 1.00
0.42 0.15 1.00
0.47 -0.06 0.71 1.00
0.21 0.20 0.68 0.55 1.00
0.46 0.15 0.33 0.47 0.28 1.00
0.52 0.43 0.30 0.27 0.35 0.32 1.00
0.43 0.16 0.37 0.42 0.44 0.26 0.38
0.40 0.12 0.58 0.60 0.59 0.31 0.46
0.22 0.11 0.35 0.34 0.19 0.40 0.39
 0.25 0.23 0.15 0.19 0.15 0.43 0.30
0.37 0.28 0.39 0.31 0.32 0.40 0.47
0.57 0.04 0.47 0.60 0.38 0.44 0.42
0.29 0.03 0.45 0.47 0.36 0.25 0.35
0.24 0.12 0.09 0.18 0.12 0.30 0.37
0.49 0.42 0.32 0.28 0.23 0.36 0.44
0.39 0.29 0.37 0.31 0.30 0.36 0.46
-0.01 0.06 -0.04 0.10 0.04 0.26 0.32
 Sun
Tata Tata
Shriram State Bank Of Pharmaceutic Tata Motors Tata Steel
Consultancy Consumer
Finance Ltd. India al Industries Ltd. Ltd.
Services Ltd. Products Ltd.
Ltd.

1.00
0.58 1.00
0.16 0.21 1.00
0.13 0.07 0.34 1.00
0.27 0.40 0.35 0.31 1.00
0.53 0.57 0.33 0.35 0.41 1.00
0.46 0.57 0.45 0.17 0.42 0.50 1.00
0.28 0.16 0.30 0.46 0.30 0.34 0.41
0.45 0.41 0.12 0.26 0.41 0.38 0.40
0.39 0.39 0.22 0.32 0.40 0.37 0.52
0.01 0.09 0.29 0.58 0.20 0.28 0.37
 Tech
Titan Ultratech
Mahindra Wipro Ltd.
Company Ltd. Cement Ltd.
Ltd.
1.00
0.51 1.00
0.50 0.41 1.00
0.66 0.26 0.33 1.00
 Equal
Asian Paints Weight Bharti Risk Return Profile-Low Correlation
Correl = 0.05
Ltd. Portfoli Airtel Ltd.
2.10
o
-5.59 -3.7 -1.74 1.90
-5.94 -9.2 -12.56 Equal Weight Portfolio, Bhar
1.70
1.24 3.2 5.06 [X VALUE], [Y VALUE] VAL
-0.65 -0.6 -0.62 1.50
Risk 7.06 5.12 7.04

Return
Return 0.96 1.45 1.95 1.30

1.10

As the correlation is lower (0.05), the portfolio 0.90 Asian Paints Ltd., [X
risk is significantly lower than the average of VALUE], [Y VALUE]
both the stocks. 0.70

0.50
4.00 4.50 5.00 5.50 6.00 6.50 7.00

Risk
e-Low Correlation

Bharti Airtel Ltd., [X

VALUE], [Y VALUE]

Asian Paints Ltd., [X

VALUE], [Y VALUE]

50 6.00 6.50 7.00 7.50

Risk
 Equal
ICICI Bank Weight State Bank Risk Return Profile-High Correlation
Correl = 0.8
Ltd. Portfoli Of India
2.00
o
11.87 8.6 5.34 1.90 ICICI Bank Ltd., [X
-11.45 -13.4 -15.37 VALUE], [Y VALUE] Equal Weight Portfolio,
[X VALUE], [Y VALUE]
6.77 4.5 2.22 1.80
2.91 1.9 0.86
Risk 8.75 9.24 10.74 1.70
1.72

Return
Return 1.95 1.49
1.60
State
VAL
1.50
As the correlation is Higher, There is no
significant reduction in the portfolio risk. 1.40

1.30
4.00 5.00 6.00 7.00 8.00 9.00 10.00 11.00 12.00

Risk
igh Correlation

[X
UE] Equal Weight Portfolio,
[X VALUE], [Y VALUE]

State Bank Of India, [X

VALUE], [Y VALUE]

00 9.00 10.00 11.00 12.00

sk
 Stock-A Stock-B
Risk 20.00 34.00 Case-1 Case-2 Case-3
Return 12.00 18.00 Correlation
Correlation 1.00 1.00 1.00
Portfolio Portfolio Portfolio Portfolio Portfolio
Weight-A Weight-B
Risk Return Risk Return Risk
100% 0.00% 20.00 12.00 20.00 12.00 20.00
99.00% 1.00% 20.14 12.06 20.14 12.06 20.14
98.00% 2.00% 20.28 12.12 20.28 12.12 20.28
97.00% 3.00% 20.42 12.18 20.42 12.18 20.42
96.00% 4.00% 20.56 12.24 20.56 12.24 20.56
95.00% 5.00% 20.70 12.30 20.70 12.30 20.70
94.00% 6.00% 20.84 12.36 20.84 12.36 20.84
93.00% 7.00% 20.98 12.42 20.98 12.42 20.98
92.00% 8.00% 21.12 12.48 21.12 12.48 21.12
91.00% 9.00% 21.26 12.54 21.26 12.54 21.26
90.00% 10.00% 21.40 12.60 21.40 12.60 21.40
89.00% 11.00% 21.54 12.66 21.54 12.66 21.54
88.00% 12.00% 21.68 12.72 21.68 12.72 21.68
87.00% 13.00% 21.82 12.78 21.82 12.78 21.82
86.00% 14.00% 21.96 12.84 21.96 12.84 21.96
85.00% 15.00% 22.10 12.90 22.10 12.90 22.10
84.00% 16.00% 22.24 12.96 22.24 12.96 22.24
83.00% 17.00% 22.38 13.02 22.38 13.02 22.38
82.00% 18.00% 22.52 13.08 22.52 13.08 22.52
81.00% 19.00% 22.66 13.14 22.66 13.14 22.66
80.00% 20.00% 22.80 13.20 22.80 13.20 22.80
79.00% 21.00% 22.94 13.26 22.94 13.26 22.94
78.00% 22.00% 23.08 13.32 23.08 13.32 23.08
77.00% 23.00% 23.22 13.38 23.22 13.38 23.22
76.00% 24.00% 23.36 13.44 23.36 13.44 23.36
75.00% 25.00% 23.50 13.50 23.50 13.50 23.50
74.00% 26.00% 23.64 13.56 23.64 13.56 23.64
73.00% 27.00% 23.78 13.62 23.78 13.62 23.78
72.00% 28.00% 23.92 13.68 23.92 13.68 23.92
71.00% 29.00% 24.06 13.74 24.06 13.74 24.06
70.00% 30.00% 24.20 13.80 24.20 13.80 24.20
69.00% 31.00% 24.34 13.86 24.34 13.86 24.34
68.00% 32.00% 24.48 13.92 24.48 13.92 24.48
67.00% 33.00% 24.62 13.98 24.62 13.98 24.62
66.00% 34.00% 24.76 14.04 24.76 14.04 24.76
65.00% 35.00% 24.90 14.10 24.90 14.10 24.90
64.00% 36.00% 25.04 14.16 25.04 14.16 25.04
63.00% 37.00% 25.18 14.22 25.18 14.22 25.18
62.00% 38.00% 25.32 14.28 25.32 14.28 25.32
61.00% 39.00% 25.46 14.34 25.46 14.34 25.46
60.00% 40.00% 25.60 14.40 25.60 14.40 25.60
59.00% 41.00% 25.74 14.46 25.74 14.46 25.74
58.00% 42.00% 25.88 14.52 25.88 14.52 25.88
57.00% 43.00% 26.02 14.58 26.02 14.58 26.02
56.00% 44.00% 26.16 14.64 26.16 14.64 26.16
55.00% 45.00% 26.30 14.70 26.30 14.70 26.30
54.00% 46.00% 26.44 14.76 26.44 14.76 26.44
53.00% 47.00% 26.58 14.82 26.58 14.82 26.58
52.00% 48.00% 26.72 14.88 26.72 14.88 26.72
51.00% 49.00% 26.86 14.94 26.86 14.94 26.86
50.00% 50.00% 27.00 15.00 27.00 15.00 27.00
49.00% 51.00% 27.14 15.06 27.14 15.06 27.14
48.00% 52.00% 27.28 15.12 27.28 15.12 27.28
47.00% 53.00% 27.42 15.18 27.42 15.18 27.42
46.00% 54.00% 27.56 15.24 27.56 15.24 27.56
45.00% 55.00% 27.70 15.30 27.70 15.30 27.70
44.00% 56.00% 27.84 15.36 27.84 15.36 27.84
43.00% 57.00% 27.98 15.42 27.98 15.42 27.98
42.00% 58.00% 28.12 15.48 28.12 15.48 28.12
41.00% 59.00% 28.26 15.54 28.26 15.54 28.26
40.00% 60.00% 28.40 15.60 28.40 15.60 28.40
39.00% 61.00% 28.54 15.66 28.54 15.66 28.54
38.00% 62.00% 28.68 15.72 28.68 15.72 28.68
37.00% 63.00% 28.82 15.78 28.82 15.78 28.82
36.00% 64.00% 28.96 15.84 28.96 15.84 28.96
35.00% 65.00% 29.10 15.90 29.10 15.90 29.10
34.00% 66.00% 29.24 15.96 29.24 15.96 29.24
33.00% 67.00% 29.38 16.02 29.38 16.02 29.38
32.00% 68.00% 29.52 16.08 29.52 16.08 29.52
31.00% 69.00% 29.66 16.14 29.66 16.14 29.66
30.00% 70.00% 29.80 16.20 29.80 16.20 29.80
29.00% 71.00% 29.94 16.26 29.94 16.26 29.94
28.00% 72.00% 30.08 16.32 30.08 16.32 30.08
27.00% 73.00% 30.22 16.38 30.22 16.38 30.22
26.00% 74.00% 30.36 16.44 30.36 16.44 30.36
25.00% 75.00% 30.50 16.50 30.50 16.50 30.50
24.00% 76.00% 30.64 16.56 30.64 16.56 30.64
23.00% 77.00% 30.78 16.62 30.78 16.62 30.78
22.00% 78.00% 30.92 16.68 30.92 16.68 30.92
21.00% 79.00% 31.06 16.74 31.06 16.74 31.06
20.00% 80.00% 31.20 16.80 31.20 16.80 31.20
19.00% 81.00% 31.34 16.86 31.34 16.86 31.34
18.00% 82.00% 31.48 16.92 31.48 16.92 31.48
17.00% 83.00% 31.62 16.98 31.62 16.98 31.62
16.00% 84.00% 31.76 17.04 31.76 17.04 31.76
15.00% 85.00% 31.90 17.10 31.90 17.10 31.90
14.00% 86.00% 32.04 17.16 32.04 17.16 32.04
13.00% 87.00% 32.18 17.22 32.18 17.22 32.18
12.00% 88.00% 32.32 17.28 32.32 17.28 32.32
11.00% 89.00% 32.46 17.34 32.46 17.34 32.46
10.00% 90.00% 32.60 17.40 32.60 17.40 32.60
9.00% 91.00% 32.74 17.46 32.74 17.46 32.74
8.00% 92.00% 32.88 17.52 32.88 17.52 32.88
7.00% 93.00% 33.02 17.58 33.02 17.58 33.02
6.00% 94.00% 33.16 17.64 33.16 17.64 33.16
5.00% 95.00% 33.30 17.70 33.30 17.70 33.30
4.00% 96.00% 33.44 17.76 33.44 17.76 33.44
3.00% 97.00% 33.58 17.82 33.58 17.82 33.58
2.00% 98.00% 33.72 17.88 33.72 17.88 33.72
1.00% 99.00% 33.86 17.94 33.86 17.94 33.86
0.00% 100.00% 34.00 18.00 34.00 18.00 34.00
Case-3
Chart Title
1.00 20.00

Portfolio
Return 18.00
12.00
12.06 16.00
12.12 Column E
Return

12.18 14.00 Column G

12.24 Case-3
12.30 12.00
12.36
12.42 10.00
12.48
12.54 8.00
12.60 18.00 20.00 22.00 24.00 26.00 28.00 30.00 32.00 34.00 36.00
12.66 Risk
12.72
12.78
12.84
12.90
12.96
13.02
13.08
13.14
13.20
13.26
13.32
13.38
13.44
13.50
13.56
13.62
13.68
13.74
13.80
13.86
13.92
13.98
14.04
14.10
14.16
14.22
14.28
14.34
14.40
14.46
14.52
14.58
14.64
14.70
14.76
14.82
14.88
14.94
15.00
15.06
15.12
15.18
15.24
15.30
15.36
15.42
15.48
15.54
15.60
15.66
15.72
15.78
15.84
15.90
15.96
16.02
16.08
16.14
16.20
16.26
16.32
16.38
16.44
16.50
16.56
16.62
16.68
16.74
16.80
16.86
16.92
16.98
17.04
17.10
17.16
17.22
17.28
17.34
17.40
17.46
17.52
17.58
17.64
17.70
17.76
17.82
17.88
17.94
18.00
Asian
Bharti
Paints
Airtel Ltd.
Ltd.
-5.59 -1.74
-5.94 -12.56
-4.99 -14.67
8.98 6.98 1. Covariance Matrix
1.99 -0.32 Asian Paints Ltd. Bharti Airtel Ltd.
2.84 -1.97 Asian Paints Ltd. 49.21 2.70
-0.53 3.73 Bharti Airtel Ltd. 2.70 48.93
6.04 4.62
-2.00 4.62 2. Weight Matrix
-3.89 8.53 Asian Paints Ltd. Bharti Airtel Ltd.
-3.55 -0.62 Optimum Weights==>>> 0.61 0.39
11.33 -2.64 Asian Paints Ltd. 0.61 0.37 0.24
6.06 2.69 Bharti Airtel Ltd. 0.39 0.24 0.16
8.65 5.68
2.66 1.94 3. Risk Matrix
-5.89 16.74 Asian Paints Ltd. Bharti Airtel Ltd.
4.52 2.97 Asian Paints Ltd. 18.05 0.64
0.60 8.54 Bharti Airtel Ltd. 0.64 7.61
0.13 5.31
-7.59 -17.17 4. Portfolio Risk(Variance)
5.38 15.40 Portfolio Standard Deviation
-4.39 7.18
0.26 1.30
1.65 -0.90
10.17 -7.82
4.49 -19.80
10.73 3.00
0.17 6.58
22.15 9.56
-13.83 8.26
-5.56 0.49
10.82 -7.27
-0.04 3.69
16.03 -0.35
0.51 -1.75
-1.15 6.62
7.89 16.75
1.34 3.59
-4.56 1.17
1.40 6.07
7.34 -6.30
-7.06 6.44
 0.71 -6.05
-3.03 9.50
4.98 -2.14
-12.40 -5.39
-5.92 -2.20
21.26 -1.03
1.72 6.93
-1.46 9.61
-7.28 3.93
2.15 1.99
-2.79 -5.16
-12.47 -4.54
3.71 -3.71
-2.40 0.91
4.97 6.50
9.54 6.14
5.16 3.34
0.45 1.26
-3.66 -3.84
-2.96 7.86
-5.37 -1.30
4.06 10.41
8.67 1.71
-14.00 12.59
-4.71 -4.13
0.88 8.96
1.02 7.35
0.18 3.74
1.24 5.06
-0.65 -0.62
Minimum Variance Portfolio

Total Weight
1.00

26.95
5.19
Adani Ports Bharat
and Special Asian Paints Bajaj Finance Petroleum
Economic Ltd. Ltd. Corporation
Zone Ltd. Ltd.
-4.24 -5.59 5.72 -7.36 1. Covariance Matrix

-15.27 -5.94 -27.58 3.27

-3.10 -4.99 9.44 -30.75 Adani Ports and Spe

13.70 8.98 6.31 16.48 Asian Paints Ltd.
5.86 1.99 4.15 11.18 Bajaj Finance Ltd.
-13.53 2.84 -2.69 -4.89 Bharat Petroleum C
-3.85 -0.53 2.84 -2.31
14.89 6.04 13.27 16.36
3.80 -2.00 2.32 -4.55 2. Portfolio Weights

5.83 -3.89 11.32 7.48

-1.50 -3.55 5.99 -4.22 Weights

-8.29 11.33 -12.39 -12.74 Adani Port 0.12
-3.19 6.06 2.44 2.79 Asian Paint 0.59
12.39 8.65 19.40 28.01 Bajaj Finan 0.12
-4.48 2.66 -0.46 11.35 Bharat Pet 0.17
-3.54 -5.89 1.15 -2.90 3. Risk Matrix

-4.29 4.52 3.86 -3.99

0.92 0.60 3.05 -7.30 Adani Ports and Spe

-7.65 0.13 2.26 -6.93 Asian Paints Ltd.
-30.87 -7.59 -70.08 -29.67 Bajaj Finance Ltd.
14.36 5.38 4.51 15.49 Bharat Petroleum C
10.99 -4.39 -17.10 -7.64
6.02 0.26 37.09 8.71 4. Portfolio Risk(Variance)
-8.71 1.65 13.84 10.11 Portfolio Standard Deviation
12.10 10.17 7.02 -1.46
-4.01 4.49 -6.19 -14.41
5.16 10.73 0.92 0.39
13.42 0.17 39.44 5.10
16.16 22.15 7.58 2.15
5.23 -13.83 -11.19 0.65
28.22 -5.56 10.62 15.93
3.85 10.82 -2.21 -5.00
3.86 -0.04 5.70 -1.45
5.27 16.03 3.18 11.24
-8.95 0.51 6.67 -0.83
 -4.24 -1.15 3.47 -4.95
10.38 7.89 18.91 5.70
-1.40 1.34 1.89 -8.73
-6.28 -4.56 -3.56 -3.41
-1.33 1.40 -5.60 -12.13
6.57 7.34 -0.29 4.09
-1.94 -7.06 0.33 2.97
-1.24 0.71 0.03 -12.67
9.01 -3.03 3.61 2.70
10.09 4.98 -8.45 0.90
-14.63 -12.40 -9.25 -10.58
-9.61 -5.92 -11.89 -5.61
12.78 21.26 28.89 6.86
9.78 1.72 1.34 -0.50
-2.59 -1.46 0.40 -7.53
0.35 -7.28 -2.65 -0.38
6.74 2.15 -6.11 11.65
-7.41 -2.79 -2.19 -3.17
-28.92 -12.47 -11.07 3.79
-3.35 3.71 3.76 -7.85
6.45 -2.40 -8.45 8.15
7.53 4.97 11.16 3.79
8.11 9.54 10.71 1.64
0.05 5.16 2.41 0.33
5.09 0.45 1.93 3.45
1.83 -3.66 -1.90 -10.30
4.08 -2.96 8.66 1.76
-5.02 -5.37 -4.16 0.76
5.06 4.06 -5.07 22.11
21.58 8.67 2.85 3.37
16.46 -14.00 -6.55 10.86
8.93 -4.71 -5.50 18.40
1.60 0.88 10.93 -0.24
-1.27 1.02 -4.54 0.82
8.15 0.18 -3.32 3.31
2.79 1.24 6.05 -3.22
-0.19 -0.65 -0.24 -1.47
Adani Ports and
Bharat Petroleum
Special Economic Asian Paints Ltd. Bajaj Finance Ltd.
Corporation Ltd.
Zone Ltd.
98.88 27.38 71.57 54.69
27.38 49.21 35.03 15.64
71.57 35.03 180.87 54.48
54.69 15.64 54.48 99.02

Adani Ports and

Bharat Petroleum Total
Special Economic Asian Paints Ltd. Bajaj Finance Ltd. Portfolio Var
Corporation Ltd. Weight
Zone Ltd.
0.12 0.59 0.12 0.17 1.00 42.51
0.01 0.07 0.01 0.02
0.07 0.35 0.07 0.10
0.01 0.07 0.01 0.02
0.02 0.10 0.02 0.03

Adani Ports and

Bharat Petroleum
Special Economic Asian Paints Ltd. Bajaj Finance Ltd.
Corporation Ltd.
Zone Ltd.
1.42 1.94 1.03 1.12
1.94 17.12 2.48 1.57
1.03 2.48 2.60 1.11
1.12 1.57 1.11 2.87

42.51
6.52