1

A STUDY ON PORTFOLIO CONSTRUCTION WITH REFERENCE TO THE NIRMAL

BANG SECURITIES PVT LTD., ERODE
A PROJECT REPORT
Submitted by
M SATHIYAMOORTHI
Register No !"#!!$$$%!&%
O'
2
CONTENTS
CHAPTER PARTICULARS PAGE NO
ABSTRACT
1 INTRODUCTION
1.1 ABOUT THE STUDY 11
1.2 INDUSTRY PROFILE 27
1.3 COMPANY PROFILE 31
2 MAIN THEME OF THE PROJECT
2.1 OBJECTIVES OF THE STUDY 42
2.2 SC OPE OF THE STUDY 44
2.3 LIMITATIONS OF THE STUDY 45
2.4 REVIEW OF LITERATURE 46
2.5 RESEARCH METHODOLOGY 47
3 ANALYSIS AND INTERPRETATION 51
4 4.1 FINDINGS SUGGESSTIONS !3
5 4.2 CONCLUSIONS !5
BIBLIOGRAPHY !7
ABSTRACT
The study has been undertaken to find out the portfolio construction with reference to
Nirmal Bang Securities Pvt Ltd! "rode!
#
The main ob$ective is to analyses is tom identifying an effective portfolio
construction for the investment made by the investors %t is mainly focus on oil sector!
construction sector! cement sector! %T sector and banking sector
&or analysis of data the researcher had adopted some statistical tools 'll the data are
analy(ed and interpreted in the form of tabulation! chart act through the understanding
these above things! it is easy to know about share market! portfolio construction
The researcher adopted secondary data for collected of information This is collected
from different sources like Nirmal Bang Securities Pvt Ltd!! internet! Newspapers!
)aga(ines etc! in order to get NS" *alues in sectors
The tabulation data have been analy(ed are interpreted by using suitable tactical
techni+ues and tools The results of the analysis findings and suggestions are given at the
end of the report
ABOUT NIRMAL BANG SECURITIES PVT LTD."
&ounded in 1,-. by Shri Nirmal bang! the Nirmal bang! the Nirmal bang /roup is
recogni(ed as one of the largest retail broking house in %ndia! providing an array of financial
products and services
0ur retail and institutional clients have access to products such as
E#$%&%'(
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C$))'/01 D')%*+&%*'(
M$&$+2 3$/.(
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PMS
Throughout history! we have fostered one overriding purpose 1 to provide each client
with personal service and +uality work By adhering to this principle! we have grown to
become a successful and well2respected firm of highly +ualified professionals
The /roup is headed by )r3ilip Bang and )r4ishore Bang who bring forward
industry e5pertise! %nsight and most importantly! create an environment of unmatched to
clients
6
7e are registered members of the Bombay Stock "5change Limited8BS"9!National
Stock "5change of %ndia Limited 8NS"9!)ulti :ommodity "5change of %ndia
Limited8):;9!National :ommodity < 3erivatives "5change 8N:3";9!National )ulti
:ommodity "5change of %ndia Limited 8N):"9 and ):; stock "5change Limited and
are also depository participants of NS3L and :3SL
M%((%,/
= To work together with integrity and make our customers feel valued>
V%(%,/
= to create valuable relationships and provide the best financial services most
professionally>
C,)' *+2$'
= respect our colleagues and the business itself>
C2%'/& F,0$(
:lient relationships form the core of our business 7e value each client! no matter
what si(e! as a long2term relationship 'nd we seek to provide unmatched service to each
client and place him as a partner at the center of everything we do
&rom the very beginning of the relationship! we work closely with client to identify
their financial goals and risk tolerance levels and leverage our strength of multiple
product offerings! research and financial strength to help achieve their goals %n the
process! we become an essential partner! creting opportunities! adding value and
transforming visions into reality
D%*')(' S')*%0' O33')%/5(
%n addition to traditional broking services! we are also e+uipped to handle
commodity trading facility as well as currency derivatives and have access to wide range
of financial services like %P0s! mutual funds and insurance
T%-'21 S')*%0'
%n an increasingly competitive environment! clients today re+uire personali(ed
solutions and greater fle5ibility and responsiveness than ever before 0ur professionals
are always ?on call@ 7e provide them service throughout the year and not $ust at the end
of the year 7e believe such service is essential for delivering solutions and constructive
relationships
A62' T'+-
7e have developed a strong and enduring team by recruiting primarily from
leading graduate and postgraduate universities and promoting from within 0ur team
works together to provide superior results to our clients 't the same time! each our
A
clients is assigned as specific team member who ?owns@ the relationships! providing
continuity! responsiveness and point of easy access to the firm
C$2&$)'
7e strive to maintain ethical standards at all and lay strong emphasis on honesty!
integrity and confidentiality 7e speak and act to ensure transparency at all levels and in
everything we do
F%/+/0%+2 S&)'/5&7
The strength of our balance sheet is such that it gives greater confidence to all our
retail and institutional clients in dealing with us The financial strength of the group helps
in further building the network and infrastructure to cater to the larger market
Bsing up to date technology and resources! Nirmal bang serves individuals!
businesses! corporate! and institutions to enable the fulfillment of each clients vision 0ur
portfolio of services include
' robust trading platform for e+uities! e+uity derivatives and currency derivatives on
NS"! BS" as well as ):;2S;
3epository services of NS3L and :3SL
:ommodity trading in N:3";! ):; and N):"
'ccess to a wide range of financial products like %P0s! mutual funds! insurance and P)S
%nvestment and trading advisory services based on technical! fundamental and market
research
&ortnightly maga(ine ?Beyond )arket@ which provides readers with the latest news!
interesting stories and articles! key announcements and insightful e5cerpts %t also
captures current market trends! useful tips on investing and other latest developments in
the economy The same is available on our website and is also posted to registered
members
L'+.')(7%4 T'+-
0ur senior management team has deep e5pertise and e5perience in managing the
company through business! economic and technological cycles! as well as strong skills in
establishing and developing lasting client relationships
M).D%2%4 B+/5
.
)r3ilip Bang is the co2founder and 3irector of Nirmal Bang /roup and has over
2C years of e5perience in the industry De is known for his ability to read market trends
and has an in depth 4nowledge of the %ndian capital markets De handles the front end
operations of the business and trading oppurtunities Dis e5cellent networking and
relationship management skills are the main factors responsible for the success of the
group
M).8%(7,)' B+/5
)r4ishore Bang is the co2founder and 3irector of Nirmal Bang /roup De
handles the operation 'nd management aspects De is also instrumental in the retail
e5pansion and infrastructure development of the group ' visionary and an enable
administrator with strong business acumen! )r4ishore Bang@s e5perience of around 2C
years has helped the company to grow in leaps and bounds
M).R+9'(7 B7+/.+)%
)rEakesh Bhandari is a +ualified chartered 'ccountant and serves as the Senior
*ice2President2 :orporate Planning for the /roup
M.D''4+9 A5+):+2
)3eepak 'garwal is a +ualified chartered 'ccountant and serves as the Dead of
Business 3evelopment for the /roup
CHAPTER I
INTRODUCTION
1.1 INTRODUCTION TO THE STUDY
F
This study deals with the relationship between share prices and share dividends )ost
financial te5tbooks point out that in a well2functioning capital market these two variables
should be related 8eg Brealey and )yers! 1,-.9G the present value of the share should be
e+ual to the dividend stream discounted by the return earned on securities of comparable risk
0f course! this simple relationship only holds in a world of certainty where investors have
access to perfect information Nevertheless! Shiller 81,-19 demonstrates that a similar
relationship should hold in a world of uncertainty where investors have rational e5pectations
SUBJECT BAC8GROUND OF THE RESEARCH TOPIC
' substantive body of empirical research supports the view that share prices are
influenced by changes in company dividends &or e5ample! +uestionnaire surveys of investors
indicate that dividend information plays an important part in their assessment of the current
value of a share 8'rnold and )oi(er! 1,-6G Pike! )eer$anssan and :hadwick! 1,,#9 while
interviews with financial managers suggest that companies take a great deal of care when
setting their dividend level 8Lintner! 1,A.9 &or e5ample! 'rnold and )oi(er 81,-69 reported
that -FH of the 2C2 investment analysts in their survey =almost always> estimated future
dividend yields when valuing shares %n Pike et al 81,,#9 dividend information was ranked
third behind priceIearnings ratios and net assets per share! in terms of usefulness for share
valuation
%n addition! stock market studies demonstrate that share prices respond to dividend
newsG dividend increases tend to be associated with share price increases while dividend cuts
are usually associated with share price falls 8Pettit! 1,F2G 'hrony and Swary! 1,-CG
'beyrathna et al! 1,,.9 ' small minority of authors has suggested that dividend cuts may not
be seen as bad news by investorsG instead! they may indicate that a company has profitable
investments which it wishes to fund from internal cash resources &or e5ample! 7oolridge and
/hosh 81,-69 cite the e5ample of /ould %nc where the share price increased by 2H on news
of a .CH cut in dividendsG the authors suggested that /ould@s management had convinced the
market that the reduction in dividends was to be used to fund innovative investment
Eesearchers such as 7atts 81,F#9! Johnson and Jensen 81,,A9 and 3e 'ngelo! 3e 'ngelo and
Skinner 81,,.9 argue that dividends do not act as a signal to investors about the future
prospects of the firm These authors point out that dividend changes tend not to be followed
by earnings changes of the same sign &or e5ample! they demonstrate that dividend cuts
usually indicate that the firm has already e5perienced several years of financial pressure and
are usually followed by earnings increases
0nce a company makes a profit! they must decide on what to do with those profits
They could continue to retain the profits within the company! or they could pay out the profits
to the owners of the firm in the form of dividends 0nce the company decides on whether to
pay dividends! they may establish a somewhat permanent dividend policy! which may in turn
impact on investors and perceptions of the company in the financial markets 7hat they
-
decide depends on the situation of the company now and in the future %t also depends on the
preferences of investors and potential investors
3ividends are payments made by a company to its shareholders 7hen a
company earns a profit! that money can be put to two usesK it can either be re2invested in the
business 8called retained earnings9! or it can be paid to the shareholders of the company as a
dividend )any companies retain a portion of their earnings and pay the remainder to their
shareholders Publicly2traded companies usually pay dividends on a fi5ed schedule!
commonly annually! bi2annually or +uarterlyG however! they may declare a dividend at any
time
3ividends are usually paid in cash Sometimes dividends instead take the form of
shares in the company 8either newly2created shares or e5isting shares bought in the market9
"5ceptionally! dividends might take the form of shares in other companies or other assets
The profits of a company can either be reinvested in the business or paid to its
shareholders as a beverage The fre+uency of these varies by country %n the Bnited States
dividends of publicly2traded companies are usually declared +uarterly by the board of
directors %n some other countries dividends are paid biannually! as an interim dividend shortly
after the company announces its interim results and a final dividend typically following its
annual general meeting %n other countries! the board of directors will propose the payment of
a dividend to shareholders at the annual meeting who will then vote on the proposal
7here a company makes a loss during a year! it may opt to continue paying
dividends from the retained earnings from previous years or to suspend the dividend 7here a
company receives a non2recurring gain! eg from the sale of some assets! and has no plans to
reinvest the proceeds! the money is often returned to shareholders in the form of a special
dividend
3ividends are payments made by a company to its shareholders 7hen a company
earns a profit! that money can be put to two usesK it can either be re2invested in the business
8called retained earnings9! or it can be paid to the shareholders of the company as a dividend
)any companies retain a portion of their earnings and pay the remainder to their shareholders
Publicly2traded companies usually pay dividends on a fi5ed schedule! commonly annually! bi2
annually or +uarterlyG however! they may declare a dividend at any time
F,)-( ,3 4+1-'/&
C+(7
:ash dividends 8most common9 are those paid out in form of real cash Such
dividends are a form of investment income and are usually ta5able to the recipient in the year
,
they are paid This is the most common method of sharing corporate profits with the
shareholders of the company
S&,09
Stock or scrip dividends are those paid out in form of additional stock shares of the
issuing corporation! or other corporation 8eg! its subsidiary corporation9 They are usually
issued in proportion to shares owned 8eg! for every 1CC shares of stock owned! AH stock
dividend will yield A e5tra shares9 This is very similar to a stock split in that it increases the
total number of shares while lowering the price of each share and does not change the market
capitali(ation or the total value of the shares held
P),4')&1
Property dividends or dividends in specie 8Latin for Lin kindL9 are those paid out in
form of assets from the issuing corporation or another corporation! such as a subsidiary
corporation They are relatively rare and most fre+uently are securities of other companies
owned by the issuer! however they can take other forms! eg products or services provided by
the corporation
D+&'(
3ividends must be LdeclaredL 8approved9 by a company@s Board of 3irectors each
time they are paid There are four important dates to remember regarding dividends These are
discussed in detail with e5amples at the Securities and "5change :ommission site
D'02+)+&%,/ .+&'
The declaration date is the day the Board of 3irectors announces its
intention to pay a dividend 0n this day! a liability is created and the company records that
liability on its booksG it now owes the money to the stockholders 0n the declaration date! the
Board will also announce a date of record and a payment date
E;<.%*%.'/. .+&'
The e52dividend date is the day after which all shares bought and sold no longer
come attached with the right to be paid the most recently declared dividend This is an
important date for any company that has many stockholders! including those that trade on
e5changes! as it makes reconciliation of who is to be paid the dividend easier Prior to this
1C
date! the stock is said to be cum dividend 8Mwith dividendM9K e5isting holders of the stock and
anyone who buys it will receive the dividend! whereas any holders selling the stock lose their
right to the dividend 0n and after this date the stock becomes ex dividendK e5isting holders of
the stock will receive the dividend even if they now sell the stock! whereas anyone who now
buys the stock now will not receive the dividend
R'0,). .+&'
Shareholders who properly registered their ownership on or before the date of record
will receive the dividend Shareholders who are not registered as of this date will not receive
the dividend Eegistration in most countries is essentially automatic for shares purchased
before the e52dividend date
P+1-'/& .+&'
The payment date is the day when the dividend checks will actually be mailed to the
shareholders of a company or credited to brokerage accounts
D%*%.'/.( -+1 +33'0& 0+4%&+2 (&)$0&$)'.
N Eetaining earnings increases common e+uity relative to debt
N &inancing with retained earnings is cheaper than issuing new common e+uity
D%*%.'/. P,2%01 +/. S&,09 V+2$'
There are various theories that try to e5plain the relationship of a firmMs dividend
policy and common stock value
D%*%.'/. I))'2'*+/0' T7',)1
This theory purports that a firmMs dividend policy has no effect on either its value or
its cost of capital %nvestors value dividends and capital gains e+ually
O4&%-+2 D%*%.'/. P,2%01
Proponents believe that there is a dividend policy that strikes a balance between
current dividends and future growth that ma5imi(es the firmMs stock price
D%*%.'/. R'2'*+/0' T7',)1
The value of a firm is affected by its dividend policy The optimal dividend policy is
the one that ma5imi(es the firmMs value
11
3ividend policy remains a source of controversy despite years of theoretical and
empirical research! including one aspect of dividend policyK the linkage between dividend
policy and stock price risk 8'llen and Eachim! 1,,.9 Paying large dividends reduces risk and
thus influence stock price 8/ordon! 1,.#9 and is a pro5y for the future earnings 8Baskin!
1,-,9 ' number of theoretical mechanisms have been suggested that cause dividend yield and
payout ratios to vary inversely with common stock volatility These are duration effect! rate of
return effect! arbitrage pricing effect and information effect 3uration effect implies that high
dividend yield provides more near term cash flow %f dividend policy is stable high dividend
stocks will have a shorter duration /ordon /rowth )odel can be used to predict that high2
dividend will be less sensitive to fluctuations in discount rates and thus ought to display lower
price volatility
'gency cost argument! as developed by Jensen and )eckling 81,F.9 proposed that
dividend payments reduce costs and increase cash flow! that is payment of dividends
motivates managers to disgorge cash rather than investing at below the cost of capital or
wasting it on organi(ational inefficiencies 8Eo(eff! 1,-2 and "asterbrook 1,-69 Some authors
have stressed the importance of information content of dividend 8's+uith and )ullin! 1,-#G
Born! )oser and officer 1,-#9 )iller and Eock 81,-A9 suggested that dividend
announcements provide the missing pieces of information about the firm and allows the
market to estimate the firm@s current earnings %nvestors may have greater confidence that
reported earnings reflect economic profits when announcements are accompanied by ample
dividends %f investors are more certain in their opinions! they may react less to +uestionable
sources of information and their e5pectation of value may be insulated from irrational
influence
Eate of return effect! as discussed by /ordon 81,.#9! is that a firm with low payout
and low dividend yield may tend to be valued more in terms of future investment
opportunities 83onaldson! 1,.19 :onse+uently! its stock price may be more sensitive to
changing estimates of rates of return over distant time periods Thus e5panding firms although
may have lower payout ratio and dividend yield! e5hibit price stability This may be because
dividend yields and payout ratio serves as pro5ies for the amount of pro$ected growth
opportunities %f forecasts of profits from growth opportunities are less reliable than forecasts
of returns on assets in place! firms with low payout and low dividend yield may have greater
price volatility 'ccording to duration effect and arbitrage effect! the dividend yield and not
the payout ratio is the relevant measure The rate of return effect implies that both dividend
yield and payout ratio matters 3ividend policy may serve as a pro5y for growth and
investment opportunities Both the duration effect and the rate of return effect assume
differentials in the timing of the underlying cash flow of the business %f the relationship
between risk and dividend policy remains after controlling for growth! this would suggest
evidence of either the arbitrage or information effect
12
THEORETICAL=FRAMEWOR8=AND=MODEL=SPECIFICATION
C,/&),2 *+)%+62'(>
Share price volatility should be related to the basic risks encountered in the firmMs
product markets )arket risk may also have impact on the firmMs dividend policy Therefore
include a control variable to account for the variability in the firmMs earnings stream /iven
operating risk! there should be a direct link between stock price volatility and leverage Bnder
conditions of asymmetric information there is also likely to be a link between borrowing and
dividend policy ' control variable was included to reflect corporate leverage There are
potential links between si(e and volatility Small firms are likely to be less diversified in their
activities and less sub$ect to investor scrutiny %nstitutions appear to concentrate their research
activities and investment policies on larger listed companies The market in the stocks of
small listed firms could conceivably be less informed! more illi+uid! and as a conse+uence
sub$ect to greater price volatility Baskin 81,-,9 suggests that firms with a more dispersed
body of shareholders may be more disposed towards using dividend policy as a signaling
device The latter may also be a function of si(e and thus a si(e control was re+uired
3ividend payout policy could be inversely linked to growth and investment
opportunities The previously mentioned duration and rate of return effects assume timing
differentials in the firmMs underlying cash flows ' variable to reflect growth was also
included The suggestion is that any remaining link between dividend policy and stock price
volatility! after controlling for the influence of growth! would be suggestive of either the
arbitrage or information effect %t is also possible that systematic differences in market
conditions! cost structures! regulatory restrictions etc! may lead to differences in dividend
policy
V+)%+62' .'3%/%&%,/ and opening prices only
D%*%.'/. 1%'2. ?DY@
The variable was calculated by summing all the annual cash dividends paid to
common stock holders and then dividing this sum by the average market value of the stock in
the year The average for all available years was utili(ed
E+)/%/5 *,2+&%2%&1 ?EV@
%n order to develop this variable! the first step is to obtain an average of available
years of the ratio of operating earnings 8before ta5es and interest9 to total assets The ne5t step
is to calculate an average of the s+uared deviation from the overall average ' s+uare root
transformation is then applied to the mean s+uared deviation to obtain estimates of standard
deviation
1#
P+1,$& R+&%, ?POR@
To begin! total cumulative individual company earnings and dividends were
calculated for all years Payout is the ratio of total dividends to total earnings The use of this
procedure controls the problem of e5treme values in individual years attributable to low or
possibly negative net income The payout ratio is set to one in cases where a total dividend
e5ceeds total cumulative profits
S%A' ?SB@
The variable si(e was constructed in a form that reflects the order of magnitude in
real terms The variable was constructed by taking the average market value of common
stocks The value of real si(e 8Es milllion9 was averaged over the period
L,/5<&')- D'6& ?DA@
The ratio of the sum of all the long2term debt 8debt with maturity more than a year9
to total assets is taken 'n average is taken over all available years
G),:&7 %/ A(('&( ?AS5@
The yearly growth rate was calculated by taking the ratio of the change in total assets in a
year Then the ratio was averaged over the years
FACTORS RESPONSIBLE FOR PRICE FLUCTUATIONS
%n a securities market! prices or returns show fluctuations for a variety of reasonsK
changes in fundamental factors of firms! investors ?endowments! tastes or alternatively the
attitudes towards risk! correct or incorrect anticipations or e5pectations of investor and other
market participants! differences in information and mode of evaluation! transient imbalances
between demand for and supply of securities! and the nature and number of stabili(ing forces!
among others! cause prices to fluctuate either from one point of e+uilibrium to another or
above and below an e+uilibrium point The changes in fundamental factors cause prices or
returns to shift from one point of e+uilibrium to another &or instance! information regarding
changes in the economy! changes in policies! including industrial policy! as also the political
situation! and the social situation! influence the over all price behavior of a market
'part from fundamental factors! the transitory imbalances between supply of and
demand for securities may also cause price fluctuations &or instance! in the absence of
stabili(ing forces! e5cess supply 8demand9 of securities in the short2 run causes the price to
fall 8rise9 %n the presence of stabili(ing forces! such as traditional speculators and value based
investors! the e5tent of fluctuations tend to be small! as these stabili(ing forces act as buyers
16
8sellers9! when there is e5cess of supply 8demand9! thus! arresting the magnitude of a fall 8rise9
in the price Dowever! the stabili(ing forces may not completely mitigate the price changeG as
such acts may not bestow any benefit on them These forces re+uire a minimum e5tent of
price change in order to undertake the act of stabili(ation of prices! which would give them
scope to earn a responsible reward

The e5pectations and foresight of investors as well as speculators determine the
magnitude of price fluctuations to a large e5tent %f market participants anticipate changes
%n either fundamental factors or other factors correctly! and if the change or
anticipated change comes about gradually! the prices move in a smooth fashion from one point
of e+uilibrium to another 0n the contrary! when the anticipations prove to be either too
optimistic or too pessimistic! or the changes in these factors or anticipations about them!
undergo a sudden change! the prices move erratically! rather than move in a smooth fashion
resulting in greater price fluctuations

The numbers of speculations in relation to other traders also influences the e5tent of
fluctuations The traditional role of a speculator is to act as a buyer when there is e5cess
supply and as a seller when there is e5cess demand
:hanges in fundamental and other factors as well as corrector incorrect anticipations
also determine the short2 term and the long2 term price changes %f the changes takes place
gradually and anticipations prove to be correct! the short2term fluctuations tend to be similar
in magnitude as that of average long2term fluctuations! as in this case! the short2term
fluctuations or price changes tend to be one direction! which add up to determine long2 term
fluctuations 0n the contrary! if the anticipations are not correct! irrespective of mode of
arrival of information2 whether gradual or not gradual the average long2term fluctuations tend
to be smaller than the short2term fluctuations
%t is clear that the fluctuation of prices or price volatility is influenced by the
arrival of information2 gradual or otherwise2 and the correct or incorrect anticipation of
market participants &urther! the role played by speculators either corrects the situation by
minimi(ing the e5tent of fluctuations! or further accentuates fluctuations and thereby
destabili(es prices
TITLE
1A
' study on the correlation between the e+uity price movement and dividend
declaration

BRIEF BAC8GROUND
The dividend policy of a firm determines what proportion of earning is paid to
shareholders by way of dividends and what proportion is ploughed back in the firm for
reinvestment purposes
%f a firm@s capital budgeting decision is independent of its dividend policy! a higher
dividend payment will entail a greater dependence on e5ternal financing Thus the dividend
policy has a bearing on the choice of financing 0n the other hand! if a firm@s capital
budgeting decision on its dividend decision! a higher dividend payment will cause shrinkage
of its capital budget and vice versa %n such a case! the dividend policy has a bearing on the
capital budgeting decision
' firm@s dividend payout ratio obviously depends on how earnings are measured &or
the sake of simplicity! we look at the accounting measure of earnings and do not truly reflect a
firm@s capacity to pay dividends
STATEMENT OF PROBLEM
' number of studies have been conducted on correlation between e+uity price
movements and dividend declaration %t is not surprising that correlation between e+uity price
movement and dividend declaration have become an important area in financial research
considering its strong implications for corporate policy
The principal ob$ective of corporate financial management is to ma5imi(e the market
value of e+uity shares the key +uestion of interest to general public isK 7hat is the relationship
between dividend policy and market value of e+uity sharesO This is the most controversial and
unresolved +uestion in corporate finance
1.
1.2 INDUSTRY PROFILE
S&,09 M+)9'& ,3 I/.%+
I/&),.$0&%,/
Stock markets refer to a market place where investors can buy and sell
shares The price at which each buying and selling transaction takes is determined by the
market forces 8ie demand and supply for a particular stock9
Let us take an e5ample for a better understanding of how market forces determine
stock prices 'B: :o Ltd en$oys high investor confidence and there is an anticipation of an
upward movement in its stock price )ore and more people would want to buy this stock 8ie
high demand9 and very few people will want to sell this stock at current market price 8ie less
supply9 Therefore! buyers will have to bid a higher price for this stock to match the ask price
from the seller which will increase the stock price of 'B: :o Ltd 0n the contrary! if there
are more sellers than buyers 8ie high supply and low demand9 for the stock of 'B: :o Ltd
in the market! its price will fall down
%n earlier times! buyers and sellers used to assemble at stock e5changes to make a
transaction but now with the dawn of %T! most of the operations are done electronically and
the stock markets have become almost paperless Now investors dont have to gather at the
"5changes! and can trade freely from their home or office over the phone or through %nternet
N+&%,/+2 S&,09 E;07+/5'
%n order to lift the %ndian stock market trading system on par with the
international standards 0n the basis of the recommendations of high powered Pherwani
:ommittee! the National Stock "5change was incorporated in 1,,2 by %ndustrial
3evelopment Bank of %ndia! %ndustrial :redit and %nvestment :orporation of %ndia! %ndustrial
&inance :orporation of %ndia! all %nsurance :orporations! selected commercial banks and
others
0nce a companyMs public offering is complete! it gets listed in a stock e5change 'fter
listing it would be available for trading to all investors in the stock e5changes where they are
listed %n %ndia we have two ma$or stock e5changes They areK
CT7' N+&%,/+2 S&,09 E;07+/5'( ?NSE@
1F
The NS" is %ndiaMs largest and the worlds third largest stock e5change in terms of
Transaction volumes < amounts The NS" is based out of Bombay The NS" has set up its
trading platform as a nation2wide! fully automated screen based system This enables anyone
in any part of the country to trade on shares listed in the NS"
T7' NSE %/.'; ,) N%3&1
The NS" %nde5 or the Nifty %nde5 as it is popularly known! is the inde5 of the
performance of the AC largest < most profitable! popular companies listed in the inde5 "ach
company that is part of the inde5 has its own weightage in the value of the %nde5 The value of
the Nifty %nde5 is the weighted average of the prices of these AC companies
T7' B,-6+1 S&,09 E;07+/5'( ?BSE@
The BS" is the oldest stock e5change in 'sia %t is situated in 3alal Street in )umbai %t
is the third largest stock e5change in south 'sia and the tenth largest in the world BS" has
over ACCC companies that are listed in it The ob$ectives of the BS" are similar to that of the
NS" BS" also uses the latest technologies in the %T field to provide a single place where
traders from across the world can buyIsell shares in the %ndian share market
T7' BSE I/.'; ,) S'/('; ?NSE@
The BS" %nde5 or the Sense5 as it is popularly known! is the inde5 of the
performance of the #C largest < most profitable! popular companies listed in the inde5 "ach
company that is part of the inde5 has its own weightage in the value of the %nde5 Since the
number of companies is lesser! the inde5 variations are higher when compared to the Nifty
inde5
H%(&,)1 ,3 &7' I/.%+/ S&,09 M+)9'& < T7' O)%5%/
1-
0ne of the oldest stock markets in 'sia! the %ndian Stock )arkets have a 2CC
years old history
1!&7
C'/&$)1
"ast %ndia :ompany was the dominant institution and by end of the century!
busuness in its loan securities gained full momentum
1!3DE( Business on corporate stocks and shares in Bank and :otton presses started in
Bombay Trading list by the end of 1-#, got broader
1!4DE( Eecognition from banks and merchants to about half a do(en brokers
1!5DE( Eapid development of commercial enterprise saw brokerage business
attracting more people into the business
1!6DE( The number of brokers increased to .C
1!6D<61 The 'merican :ivil 7ar broke out which caused a stoppage of cotton supply
from Bnited States of 'mericaG marking the beginning of the LShare )aniaL
in %ndia
1!62<63 The number of brokers increased to about 2CC to 2AC
$#() A disastrous slump began at the end of the American Civil War (as an
example, Bank of Bombay Share which had touched s! "#$% could
only be sold at s! #&'
1.3 COMPANY PROFILE
ICICI BAN8
%:%:% Bank was originally promoted in 1,,6 by %:%:% Limited! an %ndian financial
institution! and was its wholly2owned subsidiary %:%:%Ms shareholding in %:%:% Bank was
reduced to 6.H through a public offering of shares in %ndia in fiscal 1,,-! an e+uity offering
in the form of '3Es listed on the NPS" in fiscal 2CCC! %:%:% BankMs ac+uisition of Bank of
)adura Limited in an all2stock amalgamation in fiscal 2CC1! and secondary market sales by
%:%:% to institutional investors in fiscal 2CC1 and fiscal 2CC2 %:%:% was formed in 1,AA at the
initiative of the 7orld Bank! the /overnment of %ndia and representatives of %ndian industry
The principal ob$ective was to create a development financial institution for
providing medium2term and long2term pro$ect financing to %ndian businesses %n the 1,,Cs!
1,
%:%:% transformed its business from a development financial institution offering only pro$ect
finance to a diversified financial services group offering a wide variety of products and
services! both directly and through a number of subsidiaries and affiliates like %:%:% Bank %n
1,,,! %:%:% become the first %ndian company and the first bank or financial institution from
non2Japan 'sia to be listed on the NPS"
%:%:% Bank has a network of F61 branches 8including 6- e5tension counters9 and
over ##CC 'T)s in %ndia and presence in #C %nternational locations %:%:% Bank offers a wide
range of banking products and financial services to corporate and retail customers through a
variety of delivery channels and through its specialised subsidiaries and affiliates in the areas
of investment banking! life and non2life insurance! venture capital andassetmanagement
STATE BAN8 OF INDIA
State Bank of %ndia 8SB%9 8LS"K SB%39 is the largest bank in %ndia %t is also!
measured by the number of branch offices and employees! the largest bank in the world
"stablished in 1-C. as Bank of Bengal! it remains the oldest commercial bank in the %ndian
Subcontinent and also the most successful one providing various domestic! international and
NE% products and services! through its vast network in %ndia and overseas 7ith an asset base
of Q12. billion and its reach! it is a regional banking behemoth The government nationali(ed
the bank in 1,AA! with the Eeserve Bank of %ndia taking a .CH ownership stake %n recent
years the bank has focused on reducing its huge staff through /olden handshake schemes and
computeri(ing its operations
The roots to the State Bank of %ndia are traceable to the first decade of 1,th century!
when the Bank of :alcutta! later renamed the Bank of Bengal! was established on 2 June
1-C. The government amalgamated Bank of Bengal and two other Presidency banks! namely!
the Bank of Bombay 8incorporated on 1A 'pril 1-6C9 and the Bank of )adras on 2F January
1,21! and named the reorgani(ed banking entity the %mperial Bank of %ndia 'll these
Presidency banks were incorporated as $oint stock companies! and were the result of the royal
charters The %mperial Bank of %ndia continued to remain a $oint stock company Bntil the
establishment of a central bank in %ndia the %mperial Bank and its early predecessors served as
the nationMs central bank printing currency
There are seven other associate banks that fall under SB% They all use the LState
Bank ofL name followed by the regional head+uartersM name These were originally banks
belonging to princely states before the government nationali(ed them in 1,A, %n tune with the
first &ive Pear Plan! emphasi(ing the development of rural %ndia! the government integrated
these banks with the State Bank of %ndia to e5pand its rural outreach The State Bank group
refers to the seven associates and the parent bank 'll the banks use the same logo of a blue
keyhole There has been a proposal to merge all the associate banks into SB% to create a Lmega
bankL and streamline operations
2C
ACC LIMITED
':: 8':: Limited9 is %ndiaMs foremost manufacturer of cement and concrete '::Ms
operations are spread throughout the country with 16 modern cement factories! 1, Eeady mi5
concrete plants! 1, sales offices! and several (onal offices ':: has made significant
contributions to the nation building process by way of +uality products! services and sharing
its e5pertise
%n the FC years of its e5istence! ':: has been a pioneer in the manufacture of cement
and concrete and a trendsetter in many areas of cement and concrete technology including
improvements in raw material utili(ation! process improvement! energy conservation and
development of high performance concretes
'::@s brand name is synonymous with cement and en$oys a high level of e+uity in
the %ndian market %t is the only cement company that figures in the list of :onsumer Super
Brands of %ndia
':: has rich e5perience in mining! being the largest user of limestone! and it is also
one of the principal users of coal 's the largest cement producer in %ndia! it is one of the
biggest customers of the %ndian Eailways! and the foremost user of the road transport network
services for inward and outward movement of materials and products
':: has also e5tended its services overseas to the )iddle "ast! 'frica! and South
'merica! where it has provided technical and managerial consultancy to a variety of
consumers! and also helps in the operation and maintenance of cement plants abroad
':: is among the first companies in %ndia to include commitment to environmental
protection as one of its corporate ob$ectives! long before pollution control laws came into
e5istence The company installed pollution control e+uipment and high efficiency
sophisticated electrostatic precipitators for cement kilns! raw mills! coal mills! power plants
and coolers as far back as 1,.. "very factory has state2of2the art pollution control e+uipment
and devices
GUJARAT AMBUJA CEMENTS
'mbu$a :ements was set up in 1,-. %n the last decade the company has grown
tenfold The total cement capacity of the company is 1. million tonnes%ts plants are some of
the most efficient in the world 7ith environment protection measures that are on par with the
finest in the developed world
The companyMs most distinctive attribute! however! is its approach to the business
'mbu$a follows a uni+ue homegrown philosophy of giving people the authority to set their
own targets! and the freedom to achieve their goals This simple vision has created an
21
environment where there are no limits to e5cellence! no limits to efficiency 'nd has proved to
be a powerful engine of growth for the company 's a result! 'mbu$a is the most profitable
cement company in %ndia! and the lowest cost producer of cement in the world
GAMMON INDIA LIMITED
/ammon %ndia Limited is one of the leading :onstruction companies in %ndia to2day
The company was established by late )r J:/ammon in 1,1, as a firm of :ivil "ngineers <
:ontractor which in 1,22 was incorporated as a Private Limited :ompany under the name of
J : /ammon 8Bombay9 Pvt Ltd The firm went public
inI1,.2IandIwas!rechristened!as/ammon%ndia!Limited
The first work carried out by )r J : /ammon was the construction of reinforced
concrete pile foundations for /ateway of %ndia Since then! the :ompany has e5ecuted many
multifarious civil engineering works from :otton /odowns to BridgesIflyovers! )arine
Structures! :ooling Towers! :himneys! Tunnels and 3ams in %ndia and in the middle2east
/ammon is the pioneers of prestressed concrete in %ndia Today! the :ompany can claim for
the largest numbers of bridges and flyovers built in %ndia 7ith over -C years of tradition in
the field of construction! /ammon is a name that is ine5tricably woven into the fabric of
%ndia The only construction :ompany in %ndia to have been accredited with %S0 ,CC1K 1,,6
certifications in all fields of :ivil "ngineering including design
/ammon %ndia Limited! the only %ndian :onstruction :ompany to have been
accredited with %S0 ,CC1 certification for all fields of :ivil "ngineering 7orks including
design! stands out as gateway for Technological and "ngineering e5cellence in :ivil
"ngineering fields /ammonMs dedicated and e5perienced team of planners! designers and
construction engineers are ever ready to contribute their e5pertise together and turn vision into
reality
NAGARJUNA CONSTRUCTION COMPANY LIMITED
Nagar$una :onstruction :ompany Limited 8N::9 is one of the leading
professionally managed public limited construction company in %ndia The company has
successfully completed 2- years of construction e5cellence in e5ecuting Turnkey Pro$ects!
%ndustrial Buildings! )ultistoriedI:ommercial Structures! Townships! Eoads < Bridges!
Pipelines! etc
N:: is the brainchild of this visionary Daving achieved a high2caliber standing
under his able steering! the company rededicates itself with renewed vigor and commitment to
the cause of elevating the %ndian infrastructure industry to international standards of
e5cellence To place it on par with the best in the world! will always be the companyMs
endeavor
22
Behind every progressive company is a dynamic team that propels it to reach higher
and greater echelons of success N::Ms governing body is a veritable treasure trove of
e5perience and e5pertise "ach of the members has made invaluable contribution in their
chosen fields of activity &rom the innovating new construction and cost saving
methodologies! to identifying new areas of contribution! and ensuring an uninterrupted flow of
day2to2day activities! they have been instrumental in making N:: a formidable force in the
%ndian construction sector
N:: has made concrete contribution to nation building by fusing tremendous
engineering knowledge with uni+ue innovative skills %t aims at offering best value solutions
by ac+uiring total e5pertise in infrastructure building for the country %n keeping with its
mission of contributing effectively to economic development! N:: has taken up the cudgels
to provide long lasting buildings and industrial structures at optimum cost and in minimal
time :onstruction of large factory and workshop structures has been made speedier and more
economical by the use of modern construction methods including folded plate and shell roofs!
precast and prestressed roofIelementsIetc
INFOSYS
%nfosys was established in the year 1,-1 and successfully completed %P0 in %ndia in
the year 1,,# %n 1,,, the company crossed Q1CC )illion in annual revenue %n 2CCC %nfosys
crossed Q2CC )illion in annual revenue %nfosys was ranked No 1 in the LBest "mployers in
%ndia 2CC2L survey conducted by Dewitt 'ssociates for the second consecutive year
%n 2CC6 the company crossed BS Q1 Billion in annual revenue %nfosys has crossed
crosses Q 2 billion in revenue in the year 2CCA %nfosys Technologies Ltd 8N'S3'RK %N&P9
provides consulting and %T services to clients globally 2 as partners to conceptuali(e and
reali(e technology driven business transformation initiatives 7ith over A2!CCC employees
worldwide! we use a low2risk /lobal 3elivery )odel 8/3)9 to accelerate schedules with a
high degree of time and cost predictability
The services provides by %nfosys are 'pplication 3evelopment and )aintenance!
:orporate Performance )anagement! %ndependent *alidation Services! %nfrastructure
Services! Packaged 'pplication Services! Product "ngineering! Systems %ntegration
TATA CONSULTANCY SERVICES
T:S commenced operations in 1,.-! when the %T services industry didn@t e5ist as it
does today Now! with a presence in #6 countries across . continents! < a comprehensive
2#
range of services across diverse industries! T:S is one of the worldMs leading %nformation
Technology companies Si5 of the &ortune Top 1C companies are among their valued
customers
Tata :onsultancy Services Limited 8T:S9 is the world2leading information
technology consulting! services! and business process outsourcing organi(ation that
envisioned and pioneered the adoption of the fle5ible global business practices that today
enable companies to operate more efficiently and produce more value
T:S is a part of one of 'siaMs largest conglomerates 2 the T'T' /roup 2
which! with its interests in "nergy! Telecommunications! &inancial Services! :hemicals!
"ngineering < )aterials! provides them with a grounded understanding of specific business
challenges facing global companies
INDIAN OIL CORPORATION LTD
%ndian 0il :orporation Ltd 8%ndian 0il9 was formed in 1,.6 through the merger of
%ndian 0il :ompany Ltd 8"std 1,A,9 and %ndian Eefineries Ltd 8"std 1,A-9%t is currently
%ndia@s largest company by sales with a turnover of Es 1!-#!2C6 crore 8BS Q 61 billion9 and
profits of Es 6!,1A crore 8BS Q 11C billion9 for fiscal 2CCA
%ndian 0il is also the highest ranked %ndian company in the prestigious &ortune
?/lobal ACC@ listing! having moved up 1F places to the1A#rd position this year based on fiscal
2CCA performance %t is also the 21st largest petroleum company in the world and the No 1
petroleum trading companies among the National 0il :ompanies in the 'sia2Pacific region
%ndian 0il and its subsidiaries account for 6FH petroleum products market share
among public sector oil companies! 6#AH national refining capacity and F6H petroleum
products pipeline capacity The %ndian 0il /roup of companies owns and operates 1C of
%ndia@s 1- refineries with a combined refining capacity of .C2C million tones per annum 812
million barrels per day9 These include two refineries of subsidiary :hennai Petroleum
:orporation Ltd 8:P:L9 and one of Bongaigaon Eefinery and Petrochemicals Limited
8BEPL9The :ompany@s cross2country crude oil and product pipelines network spanning over
,!CCC km meets the vital energy needs of the country
's the flagship national oil company in the downstream sector! %ndian 0il! together
with its marketing subsidiary! %BP :o Ltd! reaches precious petroleum products to millions of
people everyday through a countrywide network of over #C!CCC sales points They are backed
for supplies by 1-# bulk storage terminals and depots! ,F aviation fuel stations and -- %ndane
LP/ bottling plants
OIL AND NATURAL GAS CORPORATION
26
%n 1,AA! /overnment of %ndia developed the oil and natural gas resources in the
various regions of the country as part of the Public Sector development 7ith this ob$ective!
an 0il and Natural /as 3irectorate was set up towards the end of 1,AA! as a subordinate office
under the then )inistry of Natural Eesources and Scientific Eesearch The department was
constituted with a nucleus of geoscientists from the /eological survey of %ndia
0N/: is placed at the top of all %ndian :orporates listed in &orbes 6CC /lobal
:orporates 8rank 1##rd9 and &inancial Times /lobal ACC 8rank #2.th9! by )arket
:apitali(ation 0N/: is the only %ndian company to have earned a Net Profit of over Es
1C!CCC crores 82CC22C#9
0il and Natural /as :orporation Limited 80N/:9 is %ndia@s )ost *aluable
:ompany! having a market share of above -CH in %ndia@s :rude 0il and Natural /as
"5ploration and Production 0N/: registered the highest profit among all %ndian companies
at BS Q 1,2 billion 8Es -..66 :rore9 in the year 2CC#2C6 %ts production of :rude 0il in
2CC#2C6 was 2.F ))T and of Natural /as 2AFC Billion :ubic )eters 0N/: also produce
*alue2'dded Products 8*'P9 like :22:#G LP/G Naphtha and S40
2A
1.4 REVIEW OF LITERATURE
%n this pro$ect work! secondary data are used as a basis of analysis %n this study! Beta
and *olatility calculations and different types of trading strategies are analy(ed The current
study has been undertaken to measure the risk and variability of different company@s shares at
different point of time %t is also helpful for analy(ing the company@s performance in the share
market at the time of dividend declaration So the progress in the share market is high and we
can see the investors are in the right path or they are achieving their ob$ectives
M'&7,.( ,3 R'*%':
%n this pro$ect work! the researcher used the one month share prices of ten different
company@s before dividend declaration! after dividend declaration till e5 date and after e5 date
for the purpose of calculating the Beta values! correlation coefficient and *olatility values and
trading strategy analysis %n order to get the Beta values Nifty is the base for all the ten
different companies The data collected for the purpose of calculations are mainly from the
websites like nseindiacom and corresponding company@s websites
B'/'3%&( 3),- &7' L%&')+&$)'
The monthly prices of the shares were the main source for the Beta! coefficient of
correlation and *olatility calculation and for analy(ing the different strategies

7ithout these secondary sources! it is not able to do the sameG the web site is one of
the much useful sources of secondary data for getting information about the share prices and
dividend declaration Thus this secondary data played an important role in completing this
pro$ect
2.
1.5 OBJECTIVES OF THE STUDY
PRIMARY OBJECTIVE
To identify an effective portfolio construction for the investment made by the
investors
SECONDARY OBJECTIVES

To identify the correlation between price movement of e+uities corresponding
with dividend declaration
To find out the good dividend yield companies for best investors
To help investors to made wise investment strategy
To show the beta and volatility calculation for measuring the risk and variability
of different companies share
1.6 SCOPE OF THE STUDY
The study is confined to very few sectors like oil! construction! cement! %T and
Banking The study is undertaken to know beta values! coefficient of correlation and *olatility
of ten companies from the said industries They areK
2F
1 %:%:%
2 SB%
# '::
6 /BJ'E'T ')BBJ' :")"NTS
A /'))0N %N3%' L%)%T"3
. N'/'EJBN' :0NSTEB:T%0N :0)P'NP L%)%T"3
F %N&0SPS
- T:S
, %0:
1C 0N/:
1.7 LIMITATIONS TO THE STUDY
Since the study is confined to five sectors that itself selective few
companies! a universally applicable results cannot be drawn
The trend in dividend declaration cannot be e5pected to continue in the
same manner
2-
CHAPTER-II
RESEARCH METHODOLOGY
CHAPTER 2
RESEARCH METHODOLOGY
%t covers the type of research used in this pro$ect! sample si(e chosen! sample
description! data collection "ach will be described separately under the following headings
T14' ,3 )'('+)07
2,
Eesearch design is purely and simply the framework for a study that guides the
collection and analysis of data
Sellit( and others 81,.29 define the research design as the arrangement of data
collection and analysis of data in a manner that aims to combine relevance to the research
purpose with economy in procedure %t is a conceptual structure within which research is
conducted
This study is basically an e5ploratory research "5ploratory research is a study
undertaken to define nature of problem < opportunity and to gain a better understanding of
the environment within which the problem <opportunity has occurred
C,/*'/%'/& S+-42%/5
Bnder this method researcher is conveniently drawing the sample Eesearcher is
conveniently picking samples from companies with track trend of consistency in dividend
declaration
S&+&%(&%0+2 T,,2( $('. 3,) 0+20$2+&%,/ ,3 *,2+&%2%&1
B'&+
Beta measures the non diversifiable risk Beta shows how the price of a security
responds to market forces %n effect! the more responsive the price of a security is to changes
in the market! the higher will be its Beta Beta is calculated by relating the returns on a
security with the return for the market %t can be positive or negative
Beta for each stock calculated using daily opening and closing share price each
company and corresponding daily National Stock "5change Sense5 &irst! rate of returns of
companies and National Stock "5change Sense5 are calculated The calculation as followsK
Eate of Eeturn S share price in the closing 1 share price at the opening
Share price in the opening
C,-4$&+&%,/ ,3 B'&+>
T S N
( )( )

Y X XY
#C
N
( )
2
2

X X
C,'33%0%'/& ,3 C,))'2+&%,/
:oefficient of correlation is a statistical techni+ue! which measures the degree or
e5tent to which two or more variables fluctuate with reference to one another :orrelation
analysis helps in determining the degree of relationship between two variables but correlation
does not always imply cause and effect relationship
The coefficient of correlation is essentially the covariance taken not as an absolute
value but relative to the standard deviations of the individual securities %t indicates! in effect!
how much 5 and y vary together as a proportion of their combined individual variations!
measured by S3 of 5 multiplied by S3 of P
:oefficient of correlation
S
( ) ( )
( ) ( ) { } ( ) { } [ ]
2 I 1
2
2
2
2




EFPECTED CONTRIBUTION
This study will be useful from the point of view of investors and portfolio managers
as tool for identifying the market volatility
CHAPTER-III
#1
ANALYSIS AND INTERPRETATION OF DATA
CHAPTER 3
ANALYSIS AND INTERPRETATION OF DATA
CALCULATION OF BETA
F,)-$2+ $('. 3,) &7' 0+20$2+&%,/ ,3 B'&+ +/. S&+/.+). D'*%+&%,/ C,))'2+&%,/ C,'33%0%'/&
This chapter provides the beta! coefficient of correlation and *olatility of shares of
ten companies
C,-4$&+&%,/ ,3 B'&+K
T S N
( )( )

Y X XY
N
( )
2
2

X X
M+)9'& R'&$)/ ?F@ S 8'd$ close 1 0pen9 I 0pen U1CC 8of sense5 price9
S&,09 R'&$)/ ?Y@ S 8'd$ close 1 open9I 0pen U1CC 8of stock price9
#2
NSE VALUE OF ICICI BAN*
D+te
O,e-
Pri.e
Hig/
Pri.e
Lo0
Pri.e
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Pri.e
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A3er+ge
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# )ay "%%* &,"!#$ &,+!&$ +-#,!#% +-"%!&% .,!-- %!," .%!,* "!&-
,, )ay "%%* &"%!%% &"-!*% +-,$!&$ +$$(!-% .,!-* %!*$ .,!-, "!#-
," )ay "%%* &,$!%% -*&!($ +$$(!-$ +-#,!,% +!$$ ."!($ .#!&% ,"!-%
,+ )ay "%%* &%"!%% -#*!+$ +--#!&$ +-",!#$ .,!"& .,!#% "!"* ,!-,
,( )ay "%%* &%%!%% -*#!&% +-+,!*% +$*+!($ .,!%$ .%!,# %!,* ,!,%
,$ )ay "%%* &%*!%% &$(!+$ +$*$!#$ +-&,!-$ "!,% -!+* ,+!(" (!(,
,# )ay "%%* &-%!%% &(#!&% +-&+!,$ (+"+!,$ ,&!-* .,!(# ."-!,# +,"!*+
,* )ay "%%* &$+!&$ &""!%% (+"(!*$ (+,#!($ .%!,$ .(!", %!-+ %!%"
"% )ay "%%* &(%!%% &"*!"$ (+,#!&$ (+"%!+% %!%+ .,!($ .%!%( %!%%%*
", )ay "%%* &+"!$% &+,!&% (",&!+% (",%!*% .%!,$ .%!,% %!%, %!%"
"" )ay "%%* &",!%% &$(!%$ (",,!#$ ("+#!$% %!-+ (!$# "!#* %!(%
"$ )ay "%%* &-%!%% -&#!%% (",+!,% ("+&!$$ %!$# .,%!&# .-!"$ %!+(
"- )ay "%%* -#+!%% -*$!%% ("+*!$$ (,,-!&% ."!#* ,!&$ .$!%$ #!+$
"& )ay "%%* -#$!%% -$(!$$ (,,&!+% ("&-!%$ +!#$ .(!(( .,&!%* ,(!#"
"# )ay "%%* -$(!$$ -+-!($ ("&-!,$ (++&!,% ,!(" ."!&- .+!*" "!%,
25.3D <1G.13 <47.62 3GD.75
C+20$2+&%,/ ,3 B'&+
T S N
( )( )

Y X XY
N
( )
2
2

X X
T S 26F.2 1 82A#C9 81,1#9 I #,CFA 1 82A#C9
2

T

S 1F
INTERPRETATION>
The above table shows as beta value is greater than one! so there is
high risk to the investor
C7+)& 1.1 (7,:( +6,$& &7' -+)9'& )'&$)/ +/. (&,09 )'&$)/ ,3
ICICI B+/9
#6
NSE VALUE OF ACC LTD
D+te
O,e-
Pri.e
Hig/
Pri.e
Lo0
Pri.e
C1ose
Pri.e
Weig/te2
A3er+ge
Pri.e
No. o'
S/+res
No. o'
Tr+2es
Tot+1
T4r-o3er5Rs.6
7 S,re+2
5Rs.6
H 8 L C 8 O
6 )ay 2CC, -6.CC -F#CC -62CC -A2.A -A-1# -FC.1 2.,- F6!FC,!-F6CC #1CC ..A
A )ay 2CC, -6-CC -A-CC -2.1C -A#1A -6#C1 ,.,6F #CC# -1!F2.!-A#CC #1,C A1A
#A
. )ay 2CC, -62CC -6,CC -21CC -2.AA -#.C2 FC2-2 22-2 A-!FAF!1CACC 2-CC 21A6A
F )ay 2CC, -1FCC -2C,C FAC6C FA-#A FFCA# 1-A-6- A-.- 16#!2CC!AA2CC FCAC 2A-.A
- )ay 2CC, FFCCC FF6-A F#2-A FAC.A F6,,. 1#A#F- 66F1 1C1!A2F!6,-CC 62CC 21,#A
11)ay 2CC, FA# F.CCC FF2,C F##2A F6CAC FAA2C ,,.1. #22F FA!22,!,A.CC #,.A 21,AC
12 )ay 2CC, F2,-C FACCC FC,CC F66AA F2,,C 12#AC6 6AC. ,C!16A!#-6CC 61CC 16FA
1# )ay 2CC, FACCC FF2FC F6ACC F.-.A FAF-C 11F-.. #6F# -,!#1-!-1#CC 2FFC 1-.A
16 )ay 2CC, FFFCC F--,A F.#AC F-1,A FF-C# 1162#- #A1F --!--C!A#.CC 2A6A 6,A
1A )ay 2CC, F,CCC -C2-C FF-AC F,,CA F,611 121F-F #-F- ,.!F12!-FACC 26#C ,CA
1- )ay 2CC, -CACC -122C F-#1A F,6CC F,F26 1C#,FA ##C, -2!-,#!2F#CC 2,CA 211CC
1, )ay 2CC, -C1CC -C-FC F.#1C F.-,C F-#2C ,AC11 2-FA F6!612!.2-CC 6A.C 2#21C
2C )ay 2CC, F.CCC FF6-C F6##A F.#,C FAA22 16C1F. 66-6 1CA!-.#!6-#CC #16A #,C
21 )ay 2CC, FFACC FFFCC FA#AC F.1#C F.1-1 F61.6 2#,A A.!6,,!1#1CC 2#AC 21#FC
22 )ay 2CC, FA#-C FF6CC FA2CC F..,C F.6A- FF2-- 2-,6 A,!C,#!21FCC 22CC 1#1C
2A )ay 2CC, FFCCC FF6CC F2CCC F2#-C F61.6 16CFC# #F1. 1C6!#AC!F1-CC A6CC 26.2C
2. )ay 2CC, F2FCC FFCCC F2CCC F.26A F6#F. 21F16F 6A-1 1.1!AC.!C-.CC ACCC #A6A
2F )ay 2CC, FAACC -C,1C F#-AC F-.CC F-.1. 2-,6F2 --1F 22F!AF2!.CFCC FC.C #1CC
2- )ay 2CC, F,.CC F,.CC FF6CC F-2AC F-6,. 21,CA2 62A- 1F1!,6F!C.6CC 22CC 21#AC
T+91e $.< s/o0s +9o4t t/e 9et+ 3+14e o' A.. Lt2
DATE OPEN CLOSE OPEN CLOSE MR5;6 SR5Y6 ;Y ;
<
( )ay "%%* #(-!%% #$"!-$ +(&#!$& +-$( $!%( %!&# +!*+ "$!(%
$ )ay "%%* #(#!%% #$+!,$ +--(!$% +--,!$* .%!%& %!-% .%!%( %!%%(*
- )ay "%%* #("!%% #"-!$$ +--" +-"$!%$ .,!%% .,!#+ ,!#+ ,
& )ay "%%* #,&!%% &$#!+$ +-&,!$ +-#+!*% %!+( .&!,& ."!(( %!,,
# )ay "%%* &&%!%% &$%!-$ +-#,!#% +-"%!&% .,!-- ."!$, (!,& "!&-
,, )ay "%%* &$+! &-%!%% &(%!$% +-,$!&$ +$$(!-% .,!-* ."!$- (!++ "!#-
," )ay "%%* &"*!#% &((!$$ +$$(!-$ +-#,!,% +!$$ "!%" &!,& ,"!-%
,+ )ay "%%* &$%!%% &-#!-$ +--#!&$ +-",!#$ .,!"& "!(# .+!,$ ,!-,
,( )ay "%%* &&&!%% &#,!*$ +-+,!*% +$*+!($ .,!%$ %!-+ .%!-- ,!,%
,$ )ay "%%* &*%!%% &**!%$ +$*$!#$ +-&,!-$ "!,% ,!,( "!+* (!(,
,# )ay "%%* #%$!%% &*(!%% +-&+!,$ (+"+!,$ ,&!-* .,!+- ."(!%$ +,"!*+
,* )ay "%%* #%,!%% &-#!*% (+"(!*$ (+,#!($ .%!,$ (!%% .%!- %!%"
"% )ay "%%* &-%!%% &-+!*% (+,#!&$ (+"%!+% %!%+ %!$, %!%, %!%%%*
", )ay "%%* &&$!%% &-,!+% (",&!+% (",%!*% .%!,$ .,!&- %!"- %!%"
"" )ay "%%* &$+!#% &--!*% (",,!#$ ("+#!$% %!-+ ,!&+ ,!%# %!(%
"$ )ay "%%* &&%!%% &"+!#% (",+!,% ("+&!$$ %!$# .-!%% .+!(# %!+(
"- )ay "%%* &"&!%% &-"!($ ("+*!$$ (,,-!&% ."!#* (!#& .,(!%& #!+$
"& )ay "%%* &$$!%% &#-!%% (,,&!+% ("&-!%$ +!#$ (!,% ,$!&* ,(!#"
"# )ay "%%* &*-!%% &#"!$% ("&-!,$ (++&!,% ,!(" ,!&% "!(, "!%,
<).&! $.&" 8=.= &=!.")
C+20$2+&%,/ ,3 B'&+
#.
T S N
( )( )

Y X XY
N
( )
2
2

X X
T S 2,, 1 82A#C9 81#F9I #,CFA 1 82A#C9
2
T S C1F
INTERPRETATION>
The above table shows as beta value is less than one! so there is less
risk to the investor
C7+)& 1.2 (7,:( +6,$& &7' -+)9'& )'&$)/ +/. (&,09
)'&$)/ ,3 A00 L&.
#F
NSE VALUE OF GU>ARAT AMBU>A CEMENTS
D+te
O,e-
Pri.e
Hig/
Pri.e
Lo0
Pri.e
C1ose
Pri.e
Weig/te2
A3er+ge
Pri.e
No. o'
S/+res
No. o'
Tr+2es
Tot+1
T4r-o3er5Rs.6
7 S,re+2 5Rs.6
H 8 L C 8 O
6 )ay 2CC, 2FCC 2-2C 2.AC 2.AA 2.-F A-#C AA 1A.!...CC 1FC 2C6A
A )ay 2CC, 2.CC 2.CC 2AAA 2A,A 2A-, F-AF 6- 2C#!6A6CC C6A 2CCA
. )ay 2CC, 2A2C 2F1A 26-C 26,C 2AAA 12.1# F, #22!2..CC 2#A 2C#C
F )ay 2CC, 26#C 26#A 2#FC 2#FC 2#-. .CFA #. 166!,F#CC C.A 2C.C
#-
- )ay 2CC, 2#AC 2#AC 22AA 22AA 22FA #26F #A F#!-A-CC C,A 2C,A
11)ay 2CC, 22AC 22AC 216A 21AC 21FF 1#26, ,C 2--!6,ACC 1CA 21CC
12 )ay 2CC, 21,A 22CC 2C-A 21CA 211A 11#.# 6- 26C!#6ACC 11A 2C,C
1# )ay 2CC, 21CC 21,C 2C.C 21CC 21CF 1F#FF ., #..!1.FCC 1#C CCC
16 )ay 2CC, 21FA 21FA 2CCC 2C1A 2C.2 1,.#1 ,6 6C6!F2,CC 1FA 21.C
1A )ay 2CC, 2CCC 2C,A 1,-C 2CCC 2C1# 1FAFF .C #A#!-,2CC 11A CCC
1- )ay 2CC, 2C,A 2C,A 1,AC 1,-A 2CC- 2612# 1CA 6-6!6.ACC 16A 211C
1, )ay 2CC, 2C1C 2CFA 1,.C 1,-C 1,,2 1C6F- .# 2C-!F.FCC 11A 2C#C
2C )ay 2CC, 2C.A 2C.A 1,2C 1,FA 1,F1 12C-. -- 2#-!1,-CC 16A 2C,C
21 )ay 2CC, 2CCC 2CCC 1,1A 1,-A 1,-- 1#6C. AF 2..!AACCC C-A 2C1A
22 )ay 2CC, 2CCC 2CCC 1-,C 1,CC 1,A2 1-,12 ,F #.,!1CFCC 11C 21CC
2A )ay 2CC, 1,,A 1,,A 1,CA 1,1A 1,F. 1#.,, -C 2FC!.#.CC C,C 2C-C
2. )ay 2CC, 2CCC 2CCC 1-FC 1,6C 1,1A .A#, #- 12A!2C6CC 1#C 2C.C
2F )ay 2CC, 1-AC 1,2C 1-6A 1-6A 1-F6 62FC #2 -C!C1-CC CFA 2CCA
2- )ay 2CC, 1-AC 1-AC 1FFC 1FFA 1F,1 A2,1 A# ,6!FA.CC C-C 2CFA
T+62' 1.3 (7,:( +6,$& &7' 6'&+ *+2$' ,3 G$H+)+&
A-6$H+ C'-'/&(
DATE OPEN CLOSE OPEN CLOSE MR5;6 SR5Y6 ;Y ;
<
( )ay "%%* "&!%% "-!$$ +(&#!$& +-$( $!%( .,!-& .#!(, "$!(%
$ )ay "%%* "-!%% "$!*$ +--(!$% +--,!$* .%!%& .%!,* %!%, %!%%(*
- )ay "%%* "$!"% "(!*% +--" +-"$!%$ .,!%% .,!,* ,!,* ,
& )ay "%%* "(!+% "+!&% +-&,!$ +-#+!*% %!+( ."!(- .%!#+ %!,,
# )ay "%%* "+!$% ""!$$ +-#,!#% +-"%!&% .,!-- .(!%( -!&, "!&-
#,
,, )ay "%%* ""!$% ",!$% +-,$!&$ +$$(!-% .,!-* .(!(( &!$% "!#-
," )ay "%%* ",!*$ ",!%$ +$$(!-$ +-#,!,% +!$$ .(!,% .,(!$$ ,"!-%
,+ )ay "%%* ",!%% ",!%% +--#!&$ +-",!#$ .,!"& % % ,!-,
,( )ay "%%* ",!&$ "%!,$ +-+,!*% +$*+!($ .,!%$ .&!+$ &!&, ,!,%
,$ )ay "%%* "%!%% "%!%% +$*$!#$ +-&,!-$ "!,% % % (!(,
,# )ay "%%* "%!*$ ,*!#$ +-&+!,$ (+"+!,$ ,&!-* .$!"$ .*"!#& +,"!*+
,* )ay "%%* "%!,% ,*!#% (+"(!*$ (+,#!($ .%!,$ .,!(* %!"" %!%"
"% )ay "%%* "%!-$ ,*!&$ (+,#!&$ (+"%!+% %!%+ .(!+$ %!,+ %!%%%*
", )ay "%%* "%!%% ,*!#$ (",&!+% (",%!*% .%!,$ .%!&$ %!,, %!%"
"" )ay "%%* "%!%% ,*!%% (",,!#$ ("+#!$% %!-+ .$!%% .+!,$ %!(%
"$ )ay "%%* ,*!*$ ,*!,$ (",+!,% ("+&!$$ %!$# .(!%, ."!+" %!+(
"- )ay "%%* "%!%% ,*!(% ("+*!$$ (,,-!&% ."!#* .+!%% #!-& #!+$
"& )ay "%%* ,#!$% ,#!($ (,,&!+% ("&-!%$ +!#$ .%!"& ,!%+ ,(!#"
"# )ay "%%* ,#!$% ,&!&$ ("&-!,$ (++&!,% ,!(" .(!%$ $!&$ "!%,
<).&! 8)&.($ 8#&.$! &=!.")
C+20$2+&%,/ ,3 B'&+
T S N
( )( )

Y X XY
N
( )
2
2

X X
T S 2-#1C 1 82A#C9 82A#.19 I #,CFA 1 82A#C9
2
T S CC.
INTERPRETATION>
The above table shows as beta value is less than one! so there is less
risk to the investor
C7+)& 1.3 (7,:( +6,$& &7' -+)9'& )'&$)/ +/. (&,09 )'&$)/ ,3
G$H+)+& A-6$H+ C'-'/&(
6C
NSE VALUE OF INFOSYS
D+te
O,e-
Pri.e
Hig/
Pri.e
Lo0
Pri.e
C1ose
Pri.e
Weig/te2
A3er+ge
Pri.e
No.o'
S/+res
No.o'
Tr+2es
Tot+1
T4r-o3er5Rs.6
7
S,re
+2
5Rs.6
H 8 L C 8 O
6 )ay 2CC, 1!F26,A 1!FFACC 1!.,CCC 1!F2C#A 1!F226C 16#F,. AC,C 26F!.F6!#A6CC -ACC 26.C
A )ay 2CC, 1!FC2CC 1!F##FA 1!.-A#A 1!F261A 1!F126C -#CF2 62C- 162!2A2!C-,CC 6-6C 221A
61
. )ay 2CC, 1!F6CCC 1!F66FC 1!.F2CC 1!F1CAC 1!FCFA- 1A,C#- F21, 2F1!A.,!6F6CC F2FC 22,AC
F )ay 2CC, 1!F1CCC 1!F.CCC 1!.,6CC 1!F216A 1!F#..2 1..C-A FCC6 2--!62F!C#-CC ..CC 116A
- )ay 2CC, 1!F2ACC 1!F-ACC 1!F2CCC 1!FF11C 1!F.1F1 16FFFF F2A1 2.C!##,!,A2CC .ACC 6.1C
11)ay 2CC, 1!FFACC 1!F,CCC 1!F6,1A 1!F.AFA 1!FFC6, ,,F6- 6.26 1F.!.C2!F.FCC 6C-A 2,2A
12 )ay 2CC, 1!.,,CC 1!FFCCC 1!.,,CC 1!F6.CA 1!F66.2 1F-1F. AC,. #1C!-6-!-,-CC F1CC 6FCA
1# )ay 2CC, 1!FA11C 1!FF#,C 1!F222C 1!FA,1A 1!F6-CC 1C,6,2 66C, 1,1!#,1!A#.CC A1FC -CA
16 )ay 2CC, 1!F-CCC 1!F,FFC 1!F6.CA 1!FAFFA 1!FF..1 ,F62# 6,F1 1F#!C-2!-6-CC A1.A 2222A
1A )ay 2CC, 1!FFCCC 1!-#-FC 1!FA2#A 1!-2.FA 1!F,-61 21.-61 1C.1A #-,!,.-!,,FCC -.#A A.FA
1- )ay 2CC, 1!-2C2C 1!-#CCC 1!FF2AA 1!F-#FA 1!F,6C6 1#.2.. A,A- 266!6..!C.1CC AF6A 2#.6A
1, )ay 2CC, 1!F-ACA 1!F,,CC 1!F.CCC 1!FF.,C 1!FFFA, 11A#F2 62CA 2CA!C-#!.#-CC #,CC 2-1A
2C )ay 2CC, 1!FF.-C 1!-12,C 1!FF1CA 1!F,.FC 1!F,1,1 ,,2#C 66FA 1FF!-11!1#1CC 61-A 1,,C
21 )ay 2CC, 1!F-ACC 1!-CCCC 1!F.ACC 1!F,A,C 1!FF,16 F.#12 #C#C 1#A!FFC!C6ACC #ACC 1C,C
22 )ay 2CC, 1!F-CCC 1!-1CCC 1!FACCC 1!-CC,C 1!FF6,- 111,.F 6166 1,-!F#,!#,2CC .CCC 2C,C
2A )ay 2CC, 1!F,,,A 1!-1,CC 1!FACCC 1!F.CCC 1!FF1#1 2C-CCF A.C# #.-!666!#.-CC .,CC 2#,,A
2. )ay 2CC, 1!FFCCC 1!FFACC 1!F2.CC 1!F#,2C 1!FA2-F 1662-2 61A, 2A2!,C-!1.ACC 6,CC 2#C-C
2F )ay 2CC, 1!F2ACC 1!F##CC 1!.--CC 1!FCAFC 1!FCF1- 22AF.F 6.FC #-A!62A!C2-CC 6ACC 21,#C
2- )ay 2CC, 1!FC-CC 1!F12CC 1!.FCCC 1!.F.FA 1!.--6- 2C1#6F A1C, ##,!,F1!C,6CC 62CC 2#12A
T+91e $.% s/o0s +9o4t t/e 9et+ 3+14es o' I-'os?s
DATE OPEN CLOSE OPEN CLOSE MR5;6 SR5Y6 ;Y ;
<
6 )ay 2CC, 1!F26,A 1!F2C#A #6F-AF #.A6 AC6 2C2. 21#1 2A6C
A )ay 2CC, 1!FC2CC 1!F261A #..6AC #..1A, 2CCF 1#C 2CC, CCC6,
. )ay 2CC, 1!F6CCC 1!F1CAC #..2 #.2ACA 21CC 21FC 1FC 1
F )ay 2CC, 1!F1CCC 1!F216A #.F1A #.-#,C C#6 C.. C22 C11
- )ay 2CC, 1!F2ACC 1!FF11C #.-1-C #.2CFC 21.. 2.F 66# 2F.
11 )ay 2CC, 1!FFACC 1!F.AFA #.1AFA #AA6.C 21., 2CA2 C-F 2-.
12 )ay 2CC, 1!.,,CC 1!F6.CA #AA6.A #.-11C #AA 2F. ,F, 12.C
1# )ay 2CC, 1!FA11C 1!FA,1A #..-FA #.21-A 212F C6A CAF 1.1
16 )ay 2CC, 1!F-CCC 1!FAFFA #.#1,C #A,#6A 21CA 212A 1#1 11C
1A )ay 2CC, 1!FFCCC 1!-2.FA #A,A-A #.F1.A 21C #2C .F2 661
1- )ay 2CC, 1!-2C2C 1!F-#FA #.F#1A 6#2#1A 1F., 2CC #A#- #12,#
1, )ay 2CC, 1!F-ACA 1!FF.,C 6#26,A 6#1-6A 2C1A 2C6A CC. CC2
2C )ay 2CC, 1!FF.-C 1!F,.FC 6#1-FA 6#2C#C CC# 111 CC# CCCC,
21 )ay 2CC, 1!F-ACC 1!F,A,C 621F#C 621C,C 2C1A C.1 CC, CC2
22 )ay 2CC, 1!F-CCC 1!-CC,C 6211-A 62#-AC C.# 11F CF# C6C
2A )ay 2CC, 1!F,,,A 1!F.CCC 621#1C 62#FAA CA- 2221 212- C#6
2. )ay 2CC, 1!FFCCC 1!F#,2C 62#,AA 611.FC 22-, 21F6 AC2 -#A
2F )ay 2CC, 1!F2ACC 1!FCAFC 611F#C 62F.CA #-A 2111 262F 16-2
2- )ay 2CC, 1!FC-CC 1!.F.FA 62F.1A 6##F1C 162 1-2 2A- 2C1
25.3D !.52 62.55 3GD.75
C+20$2+&%,/ ,3 B'&+
T S N
( )( )

Y X XY
N
( )
2
2

X X
62
T S .2AA 1 82A#C9 8-A29 I #,CFA 1 82A#C9
2

T

S C.1

INTERPRETATION>
The above table shows as beta value is less than one! so there is less
risk to the investor
C7+)& 1.4 (7,:( +6,$& &7' -+)9'& )'&$)/ +/. (&,09
)'&$)/ ,3 I/3,(1(
6#
NSE VALUE OF I-2i+- Oi1 Cor,or+tio-
D+te
O,e-
Pri.e
Hig/
Pri.e
Lo0
Pri.e
C1ose
Pri.e
Weig/te2
A3er+ge
Pri.e
No. o'
S/+res
No. o'
Tr+2es
Tot+1
T4r-o3er5Rs.6
7 S,re+2 5Rs.6
H 8 L C 8 O
6 )ay 2CC, ACCCC A.F,C ACCCC A.26A AAFAC 226C-2 6CAC 126!,2A!F-FCC .F,C .26A
A )ay 2CC, A.2CC AF-CC A.1CC AF2-A AFC,A 1F1AC2 62A, ,F!,1-!66,CC 1FCC 1C-A
. )ay 2CC, AFCCC AF6FC AA-CC A.2,A A.AFA 2C-C-A 2#,- 11F!F26!F-ACC 1.FC 2FCA
F )ay 2CC, A.ACA AFCCC A#-CC AACAA A6,,2 16C##, 2-C6 FF!1FA!C16CC #2CC 216AC
- )ay 2CC, AAACC AA,#A A611A AA1-C AAC16 1A#2.F 1F66 -6!#1-!#.#CC 1-2C 2#2C
11)ay 2CC, AA#CC AA.CC A#-#A A6A6A A666A 2C-#,C #.,# 11#!6AF!-.1CC 1F.A 2FAA
12 )ay 2CC, A6CCC AA6CC A6CCC A66,A A6F12 11.12C 2A61 .#!A#1!A2FCC 16CC 6,A
1# )ay 2CC, A6-CC AA1CC A6CCC A62FA A662- A2,1- 1#F, 2-!-C2!61FCC 11CC 2A2A
16 )ay 2CC, AACCC AA2CC A2.1C A#6AA A66#F 1C##-A 1FC, A.!2F,!6A2CC 2A,C 21A6A
1A )ay 2CC, A#ACC A61,C A##CC A#F,C A#F2C AC-,. 11.A 2F!#61!A6,CC -,C 2,C
1- )ay 2CC, A6ACC AA,CC A#,CC A6A6C AA1CA ,-.C2 2.C1 A6!##6!#F#CC 2CCC C6C
1, )ay 2CC, AACCC AACAC A2A1A A#2CA A#.-1 #22,-C 1,,F 1F#!#F-!FFACC 2A#A 21F,A
2C )ay 2CC, A#6CC A6FCC A2#1C A612C A#,C- 26CA1. 2,66 12,!.A-!#ACCC 2#,C F2C
21 )ay 2CC, A2CCC A.FCC A2CCC A6,#A AA#.# 2.A-C6 -2F2 16F!1AF!22-CC 6FCC 2,#A
22 )ay 2CC, AA2CC A.ACC A6A2A A.2.C AAF,6 1.,6-2 6AFF ,6!A.1!C1#CC 1,FA 1C.C
2A )ay 2CC, A.-CC AF1CC A#1CC A6CFA AA12. ,-6A2 2,6, A6!2F2!-1,CC 6CCC 22F2A
2. )ay 2CC, AACCC AA1CC A#AAC A61AC A612. 6AA#A 11.2 26!.6.!1FACC 1AAC 2-AC
2F )ay 2CC, A66CC AF6FC A#.CC A.2#A AA,A- 2#61FA .6,- 1#1!C#,!.,,CC #-FC 1-#A
2- )ay 2CC, A.2CC AF#CC AA6CC A.A.C A.FC, 1#1A2A #F.F F6!A-.!C1#CC 1,CC #.C

T+91e $.) s/o0s +9o4t t/e 9et+ 3+14es o' I-2i+- oi1 Cor,or+tio-
DATE OPEN CLOSE OPEN CLOSE MR5;6 SR5Y6 ;Y ;
<
6 )ay 2CC, ACCCC A.26A #6F-AF #.A6 AC6 126, .2,6 2A6C
A )ay 2CC, A.2CC AF2-A #..6AC #..1A, 2CCF 1,# C1# CCC6,
. )ay 2CC, AFCCC A.2,A #..2 #.2ACA 21CC 212# 12# 1
F )ay 2CC, A.ACA AACAA #.F1A #.-#,C C#6 22A. 2C-F C11
- )ay 2CC, AAACC AA1-C #.-1-C #.2CFC 21.. 2CAF C,6 2F.
66
11 )ay 2CC, AA#CC A6A6A #.1AFA #AA6.C 21., 21#. 22, 2-.
12 )ay 2CC, A6CCC A66,A #AA6.A #.-11C #AA C,1 #2# 12.C
1# )ay 2CC, A6-CC A62FA #..-FA #.21-A 212F 2C,A 12C 1.1
16 )ay 2CC, AACCC A#6AA #.#1,C #A,#6A 21CA 22-C 2,6 11C
1A )ay 2CC, A#ACC A#F,C #A,A-A #.F1.A 21C CA6 11# 661
1- )ay 2CC, A6ACC A6A6C #.F#1A 6#2#1A 1F., CCCCF CC1 #12,#
1, )ay 2CC, AACCC A#2CA 6#26,A 6#1-6A 2C1A 2#2. C6- CC2
2C )ay 2CC, A#6CC A612C 6#1-FA 6#2C#C CC# 1#6 CC6 CCCC,
21 )ay 2CC, A2CCC A6,#A 621F#C 621C,C 2C1A A.6 C-6 CC2
22 )ay 2CC, AA2CC A.2.C 6211-A 62#-AC C.# 1,2 12C C6C
2A )ay 2CC, A.-CC A6CFA 621#1C 62#FAA CA- 26F, 22FF C#6
2. )ay 2CC, AACCC A61AC 62#,AA 611.FC 22-, 2CC1 CC2 -#A
2F )ay 2CC, A66CC A.2#A 611F#C 62F.CA #-A ##F 12,F 16-2
2- )ay 2CC, A.2CC A.A.C 62F.1A 6##F1C 162 C.6 C,C 2C1
25.3D 11.25 !!.!5 3GD.75
C+20$2+&%,/ ,3 B'&+
T S N
( )( )

Y X XY
N
( )
2
2

X X
T S ---A 1 82A#9 8112A9 I #,CFA 1 82A#C9
2
T S CF-
INTERPRETATION>
The above table shows as beta value is less than one! so there is less
risk to the investor
C7+)& 1.5 (7,:( +6,$& &7' -+)9'& )'&$)/ +/. (&,09 )'&$)/ ,3
I/.%+/ O%2 C,)4,)+&%,/
6A
NSE VALUE OF NAGAR>UNA CONSTRUCTION
COMPANY LIMITED
D+te
O,e-
Pri.e
Hig/
Pri.e
Lo0
Pri.e
C1ose
Pri.e
Weig/te2
A3er+ge
Pri.e
No. o'
S/+res
No. o'
Tr+2es
Tot+1
T4r-o3er5Rs.6
7 S,re+2
5Rs.6
H 8 L C 8 O
6 )ay 2CC, 1#6CC 1#,,C 12F-A 1#C,A 1##F2 6-.,2C 6-6# .A!112!.-6CC 12CA 2#CA
A )ay 2CC, 12F-A 1#A6A 126CC 1##CA 1#1F2 #6--CF ##F, 6A!,66!.C,CC 6A A2C
. )ay 2CC, 1#CCC 1#.,C 126CC 12.,C 1#2CA #-F2,, #F#6 A1!161!AF,CC 12,C 2#1C
F )ay 2CC, 12FCC 12-FC 11.CC 122FC 12#C- 2611C# 2-F. 2,!.F#!,6CCC 12FC 26#C
- )ay 2CC, 12.#A 12.,C 11.1A 12C,A 121.1 6#-6C# #### A#!#1A!.,,CC 1CFA 2A6C
11)ay 2CC, 122,C 12A.A 12C2A 121AA 12#A2 ####,A ##12 61!1-1!,#2CC A6C 21#A
12 )ay 2CC, 11.AC 122.A 11.CC 121CC 12CA, 2..-.C 22,6 #2!1-C!,,#CC ..A 6AC
1# )ay 2CC, 122,A 12F6C 12CCC 126-A 126,1 ACAA-1 #,-2 .#!1A2!2CFCC F6C 1,C
6.
16 )ay 2CC, 12.#C 1##CC 12A6C 12-,C 12,C1 6-1A26 6--A .2!11,!2#FCC F.C 2.C
1A )ay 2CC, 1#1CC 1#-CC 12A2A 1#.#A 1#2-6 F2#2C# .A6. ,.!C.F!.1ACC 12FA A#A
1- )ay 2CC, 1#,CC 16.AC 1#FAC 162-C 1626. 12C-1#F ,FF2 1F2!112!1.CCC ,CC #-C
1, )ay 2CC, 16AFC 16A-C 1#2-C 1#6-C 1#,AA 6C226, 622F A.!1#2!2,2CC 1#CC 21C,C
2C )ay 2CC, 1#ACC 16C1C 1#1CC 1#F6C 1#.66 A-1F.- .6.- F,!#F#!,6ACC ,1C 26C
21 )ay 2CC, 1#-,C 1#-,C 1##AA 1#FAC 1#.FF 22-F2# 2.CC #1!2-1!-#-CC A#A 216C
22 )ay 2CC, 1#FCC 161.C 1#6CC 16C2A 1#-F6 AF22.2 #,66 F,!#,-!2A#CC F.C #2A
2A )ay 2CC, 1616A 166#C 12A#A 12-.A 1#FAA 6C-66. 66,1 A.!1-C!,,.CC 1-,A 212-C
2. )ay 2CC, 12-6C 1#AAC 12.AA 1#2.A 1#11# 21-2,F #1C1 2-!.2A!-#.CC -,A 62A
2F )ay 2CC, 1#CCC 1#C,C 12CAC 12.2C 12A21 A#-2F2 626, .F!#,-!.-FCC 1C6C 2#-C
2- )ay 2CC, 12AAC 1##AC 12ACC 1#C2A 12-,. A6-,-2 #6.C FC!F,A!FCACC -AC 6FA
T+91e $.( s/o0s +9o4t t/e 9et+ 3+14es o' N+g+r@4-+ Co-str4.tio-
CoA,+-? LiAite2
DATE OPEN CLOSE OPEN CLOSE MR5;6 SR5Y6 ;Y ;
<
6 )ay 2CC, 1#6CC 1#C,A #6F-AF #.A6 AC6 222F 21166 2A6C
A )ay 2CC, 12F-A 1##CA #..6AC #..1A, 2CCF 6C. 2C2- CCC6,
. )ay 2CC, 1#CCC 12.,C #..2 #.2ACA 21CC 22#- 2#- 1
F )ay 2CC, 12FCC 122FC #.F1A #.-#,C C#6 2##- 2116 C11
- )ay 2CC, 12.#A 12C,A #.-1-C #.2CFC 21.. 262F FC- 2F.
11 )ay 2CC, 122,C 121AA #.1AFA #AA6.C 21., 21C, 1-6 2-.
12 )ay 2CC, 11.AC 121CC #AA6.A #.-11C #AA #-. 1#FC 12.C
1# )ay 2CC, 122,A 126-A #..-FA #.21-A 212F 1A6 1,A 1.1
16 )ay 2CC, 12.#C 12-,C #.#1,C #A,#6A 21CA 2CA 221A 11C
1A )ay 2CC, 1#1CC 1#.#A #A,A-A #.F1.A 21C 6C- -A. 661
1- )ay 2CC, 1#,CC 162-C #.F#1A 6#2#1A 1F., 2F# 6-2, #12,#
1, )ay 2CC, 16AFC 1#6-C 6#26,A 6#1-6A 2C1A 2F6- 1CF CC2
2C )ay 2CC, 1#ACC 1#F6C 6#1-FA 6#2C#C CC# 1F- CCA CCCC,
21 )ay 2CC, 1#-,C 1#FAC 621F#C 621C,C 2C1A 21 C1A CC2
22 )ay 2CC, 1#FCC 16C2A 6211-A 62#-AC C.# 2#F 1AC C6C
2A )ay 2CC, 1616A 12-.A 621#1C 62#FAA CA- 2,C6 2A26 C#6
2. )ay 2CC, 12-6C 1#2.A 62#,AA 611.FC 22-, ##C 2,A# -#A
2F )ay 2CC, 1#CCC 12.2C 611F#C 62F.CA #-A 22,2 21126 16-2
2- )ay 2CC, 12AAC 1#C2A 62F.1A 6##F1C 162 #F- A#. 2C1
25.3D <2.2! 4!.63 3GD.75
6F
C+20$2+&%,/ ,3 B'&+
T S N
( )( )

Y X XY
N
( )
2
2

X X
T S 6-.# 1 82A#C9 8222-9 I #,CFA 1 82A#C9
T S C62
INTERPRETATION>
The above table shows as beta value is less than one! so there is less
risk to the investor
C7+)& 1.6 (7,:( +6,$& &7' -+)9'& )'&$)/ +/. (&,09 )'&$)/ ,3
N+5+)H$/+ C,/(&)$0&%,/ C,-4+/1 L%-%&'.
6-
NSE VALUE OF OIL AND NATURAL GAS
CORPPORATION
D+te
O,e-
Pri.e
Hig/
Pri.e
Lo0
Pri.e
C1ose
Pri.e
Weig/te2
A3er+ge
Pri.e
No. o'
S/+res
No. o'
Tr+2es
Tot+1
T4r-o3er5Rs.6
7
S,re+2
5Rs.6
H 8 L C 8 O
6 )ay 2CC, 1!112CC 1!1.FCC 1!C,#AC 1!12#1C 1!162A2 2.16#2 .F-- 2,-!.,C!#-#CC F#AC 111C
A )ay 2CC, 1!1CCCC 1!1#-CC 1!1CCCC 1!126AA 1!121.- 1#.A-. A6., 1A#!2CA!#FCCC #-CC 26AA
. )ay 2CC, 1!1#CCC 1!1#CCC 1!CA21C 1!C.62A 1!C,116 #6A2.# F,,- #F.!F#C!2CCCC FF,C 2.AFA
F )ay 2CC, 1!CACCC 1!CFFCC 1!CC11C 1!C126C 1!C#2F. AC--1- ,6,C A2A!6-.!1-.CC FA,C 2#F.C
- )ay 2CC, 1!CCCCC 1!C2CCC ,F##C 1!C1CCA ,,6,C A1222F 1A2A. AC,!.1A!6AACC 6.FC 1CCA
11)ay 2CC, 1!C1FCC 1!C1,CC ,F12A ,,#FC ,-,C- ACA1A# 111.1 6,,!.#-!C,,CC 6FFA 22##C
12 )ay 2CC, ,-CCC 1!C62.A ,F-,C 1!C2.6A 1!C1,6- A2#F6- 16,#- A##!,6-!-A,CC .#FA 6.6A
1# )ay 2CC, 1!C#6CC 1!CA.CC 1!C2FCC 1!CA1CC 1!C62-# #6.F-6 11F,2 #.1!.#A!1..CC 2,CC 1FCC
16 )ay 2CC, 1!C6A2A 1!CA2CC 1!CCACC 1!C2A2C 1!C22-A 6-A2#, 11C,2 6,.!#2.!AA2CC 6FCC 22CCA
1A )ay 2CC, 1!C#ACC 1!C6-CC 1!CC,CC 1!C6C,C 1!C2.CC #2F.6C -2,6 ##.!1AF!2F6CC #,CC A,C
1- )ay 2CC, 1!CAACC 1!C--FC 1!C611A 1!C.-CA 1!CFC#C 21A6-A ..F- 2#C!.##!2AFCC 6FAA 1#CA
1, )ay 2CC, 1!CF-CC 1!C-,CC 1!C.2AC 1!C.F1C 1!CF611 #C-CC6 F61. ##C!-2-!-1.CC 2.AC 21C,C
2C )ay 2CC, 1!C.FCC 1!C-#CC 1!C6.CC 1!CA2.C 1!CA61F 2.#,21 AAF, 2F-!21-!F,ACC #FCC 2166C
21 )ay 2CC, 1!C-11C 1!1AAFC 1!CF.1C 1!12.6A 1!12AFA 1,22F6, ##,,2 2!1.6!A#,!,.1CC F,.C 6A#A
22 )ay 2CC, 1!1C6CC 1!16CAC 1!C,11A 1!1#6.A 1!12AA1 -C.6-A 1#A.6 ,CF!FC.!2#1CC 6,#A #C.A
2A )ay 2CC, 1!16ACC 1!1ACCC 1!CA6CC 1!CFC#A 1!C,A62 A6.... 12C#1 A,-!-2.!F2ACC ,.CC 2F6.A
2. )ay 2CC, 1!C-CAC 1!C-CAC 1!C#CCC 1!C6,,A 1!C6-.6 2,AA#2 FFC. #C,!,CF!1C,CC ACAC 2#CAA
2F )ay 2CC, 1!C6,,A 1!CAACC ,,.CC 1!CC,1A 1!C1.66 2A,C## F.C- 2.#!2,1!C,2CC A,CC 26C-C
2- )ay 2CC, 1!C2ACC 1!C2,CC ,,CCC ,,-,A ,,,#6 1,.2,C A,F2 1,.!1A,!.-6CC #,CC 22.CA
T+91e $." s/o0s +9o4t t/e 9et+ 3+14es o' Oi1 +-2 N+t4r+1
G+s Cor,or+tio-
6,
DATE OPEN CLOSE OPEN CLOSE MR5;6 SR5Y6 ;Y ;
<
6 )ay 2CC, 1!112CC 1!12#1C #6F-AF #.A6 AC6 C,, 6,- 2A6C
A )ay 2CC, 1!1CCCC 1!126AA #..6AC #..1A, 2CCF 22# 2C1A CCC6,
. )ay 2CC, 1!1#CCC 1!C.62A #..2 #.2ACA 21CC 2A-1 A-1 1
F )ay 2CC, 1!CACCC 1!C126C #.F1A #.-#,C C#6 2#A- 2121 C11
- )ay 2CC, 1!CCCCC 1!C1CCA #.-1-C #.2CFC 21.. 1 21.. 2F.
11 )ay 2CC, 1!C1FCC ,,#FC #.1AFA #AA6.C 21., 22, 2#-F 2-.
12 )ay 2CC, ,-CCC 1!C2.6A #AA6.A #.-11C #AA 6F# 1.F, 12.C
1# )ay 2CC, 1!C#6CC 1!CA1CC #..-FA #.21-A 212F 1.6 22C- 1.1
16 )ay 2CC, 1!C6A2A 1!C2A2C #.#1,C #A,#6A 21CA 21,1 2CC 11C
1A )ay 2CC, 1!C#ACC 1!C6C,C #A,A-A #.F1.A 21C CAF 11,F 661
1- )ay 2CC, 1!CAACC 1!C.-CA #.F#1A 6#2#1A 1F., 12# 21FA #12,#
1, )ay 2CC, 1!CF-CC 1!C.F1C 6#26,A 6#1-6A 2C1A 21C1 C1A CC2
2C )ay 2CC, 1!C.FCC 1!CA2.C 6#1-FA 6#2C#C CC# 21#6 2CC6 CCCC,
21 )ay 2CC, 1!C-11C 1!12.6A 621F#C 621C,C 2C1A 6#1 2C.6 CC2
22 )ay 2CC, 1!1C6CC 1!1#6.A 6211-A 62#-AC C.# 2FF 1F6 C6C
2A )ay 2CC, 1!16ACC 1!CFC#A 621#1C 62#FAA CA- 2.A1 2#FF C#6
2. )ay 2CC, 1!C-CAC 1!C6,,A 62#,AA 611.FC 22-, 22-2 -16 -#A
2F )ay 2CC, 1!C6,,A 1!CC,1A 611F#C 62F.CA #-A 2#-- 216,# 16-2
2- )ay 2CC, 1!C2ACC ,,-,A 62F.1A 6##F1C 162 22A6 2#. 2C1
25.3D <6.!3 3D.6 3GD.75
C+20$2+&%,/ ,3 B'&+
T S N
( )( )

Y X XY
N
( )
2
2

X X
T S #C.C 1 82A#C9 82.-#9 I #,CFA 1 82A#C9
2
T S CAF
INTERPRETATION>
The above table shows as beta value is less than one! so there is less
risk to the investor
C7+)& 1.7 (7,:( +6,$& &7' -+)9'& )'&$)/ +/. (&,09 )'&$)/ ,3
O%2 +/. N+&$)+2 G+( C,)4,)+&%,/
AC
NSE VALUE OF STATE BAN* OF INDIA
D+te
O,e-
Pri.e
Hig/
Pri.e
Lo0
Pri.e
C1ose
Pri.e
Weig/te2
A3er+ge
Pri.e
No. o'
S/+res
No. o'
Tr+2es
Tot+1
T4r-o3er5Rs.6
7 S,re+2 5Rs.6
H 8 L C 8 O
6 )ay 2CC, 1!.2#,C 1!.F#FC 1!.12CC 1!.62CC 1!.ACF1 A66CCC 21FC6 -,F!,-F!#A#CC .1FC 1-1C
A )ay 2CC, 1!.#6CC 1!F22CC 1!.2CCC 1!F161C 1!.,#.1 F#.#6F #CF6C 1!26F!C-.!A#FCC 1C2CC -C1C
. )ay 2CC, 1!F2ACC 1!F2ACC 1!.A6AC 1!..#6C 1!.-A.A .6C.## 221,F 1!CF,!--A!C,,CC FCAC 2.1.C
F )ay 2CC, 1!.F2CC 1!F2,CC 1!..CCC 1!FC22C 1!.,.AA -6#2A# #2#F. 1!6#C!.26!F-1CC .,CC #C2C
- )ay 2CC, 1!F2ACC 1!F66,C 1!.-CCC 1!F26#A 1!F1AF. .26,-2 2F#C2 1!CF2!#2C!-2ACC .6,C 2C.A
11)ay 2CC, 1!F#ACC 1!FA,AC 1!.-.1C 1!.,6FA 1!F2C12 .2,#C- 2#,-1 1!C-2!6--!1A#CC F#6C 26C2A
12 )ay 2CC, 1!.,6FC 1!F26CC 1!..#CC 1!FC-#A 1!FC1CF A,2.1# 26C.F 1!CC-!CF6!1,6CC .1CC 1#.A
1# )ay 2CC, 1!F2ACC 1!F#1CC 1!.,.CC 1!F1.AC 1!F12F6 6CC11F 1.C,A .-A!2,.!1A#CC #ACC 2-AC
16 )ay 2CC, 1!F#ACC 1!F6CCC 1!.,F1A 1!FC6#C 1!F1F,C AC2-F2 1,2., -.#!--#!-12CC 62-A 2#CFC
1A )ay 2CC, 1!F1ACC 1!FA,,C 1!.,2.C 1!F6-,A 1!F2A,1 A##-.# 21.16 ,21!#,F!F#ACC .F#C ##,A
1- )ay 2CC, 1!F.CCC 1!FFF.C 1!F#FCC 1!F.A1C 1!F.2#. A1F,1, 1,66F ,12!FA,!1C#CC 6C.C A1C
1, )ay 2CC, 1!F-CCC 1!F-1FC 1!F#A.C 1!F62CA 1!FAA1, 6-F126 1.#AC -A6!,,#!,ACCC 6.1C 2#F,A
2C )ay 2CC, 1!F#F,C 1!F,2CC 1!F26CC 1!FF,-C 1!F.A66 A#.16A 1,.1F ,6.!A#2!12-CC .-CC 61,C
A1
21 )ay 2CC, 1!F,1CC 1!F,66C 1!F#61A 1!FA-,C 1!FA6,1 612.FF 1AA22 F26!212!AA.CC .C2A 2#21C
22 )ay 2CC, 1!FA6CC 1!-2CCC 1!F6CCA 1!-1C.A 1!F,26. A--FC1 211,C 1!CAA!22A!6.2CC F,,A A..A
2A )ay 2CC, 1!-1ACC 1!-6CCC 1!.#ACC 1!.AACC 1!F1#-A 11A.,F. #,,F, 1!,-2!-F-!FC-CC 2CACC 21.CCC
2. )ay 2CC, 1!.FCCC 1!.,6.C 1!.1.AA 1!.#.#A 1!.61F- -6.C66 21,,. 1!#-,!C1-!6,.CC F-CA 2##.A
2F )ay 2CC, 1!.#CCC 1!.#CCC 1!AFC1A 1!A-FCC 1!A-,F# .F1A,# 2A#,A 1!C.F!.A1!AFACC A,-A 26#CC
2- )ay 2CC, 1!A-CCC 1!.26-C 1!AFC.C 1!.C1,A 1!.C1C# AAC1A, 26#AA --C!-1,!A.-CC A62C 21,A
T+91e $.# s/o0s +9o4t t/e 9et+ 3+14es o' St+te B+-: o' I-2i+

DATE OPEN CLOSE OPEN CLOSE MR5;6 SR5Y6 ;Y ;
<
6 )ay 2CC, 1!.2#,C 1!.62CC #6F-AF #.A6 AC6 111 AA, 2A6C
A )ay 2CC, 1!.#6CC 1!F161C #..6AC #..1A, 2CCF 6,C 2C#6 CCC6,
. )ay 2CC, 1!F2ACC 1!..#6C #..2 #.2ACA 21CC 2#AF #AF 1
F )ay 2CC, 1!.F2CC 1!FC22C #.F1A #.-#,C C#6 1-C C.1 C11
- )ay 2CC, 1!F2ACC 1!F26#A #.-1-C #.2CFC 21.. 2CC# CC6 2F.
11 )ay 2CC, 1!F#ACC 1!.,6FA #.1AFA #AA6.C 21., 22#1 #,C 2-.
12 )ay 2CC, 1!.,6FC 1!FC-#A #AA6.A #.-11C #AA C-C 2-6 12.C
1# )ay 2CC, 1!F2ACC 1!F1.AC #..-FA #.21-A 212F 2C6, C.2 1.1
16 )ay 2CC, 1!F#ACC 1!FC6#C #.#1,C #A,#6A 21CA 21F. 1-6 11C
1A )ay 2CC, 1!F1ACC 1!F6-,A #A,A-A #.F1.A 21C 1,F 61# 661
1- )ay 2CC, 1!F.CCC 1!F.A1C #.F#1A 6#2#1A 1F., C2- 6,A #12,#
1, )ay 2CC, 1!F-CCC 1!F62CA 6#26,A 6#1-6A 2C1A 221# C#1 CC2
2C )ay 2CC, 1!F#F,C 1!FF,-C 6#1-FA 6#2C#C CC# 261 CCF CCCC,
21 )ay 2CC, 1!F,1CC 1!FA-,C 621F#C 621C,C 2C1A 21F, C2. CC2
22 )ay 2CC, 1!FA6CC 1!-1C.A 6211-A 62#-AC C.# #22 2C2 C6C
2A )ay 2CC, 1!-1ACC 1!.AACC 621#1C 62#FAA CA- 2--1 2A1C C#6
2. )ay 2CC, 1!.FCCC 1!.#.#A 62#,AA 611.FC 22-, 22C1 A-C -#A
2F )ay 2CC, 1!.#CCC 1!A-FCC 611F#C 62F.CA #-A 22.# 21C12 16-2
2- )ay 2CC, 1!A-CCC 1!.C1,A 62F.1A 6##F1C 162 1#- CC6 2C1
25.3D <7.66 2D.35 3GD.75
C+20$2+&%,/ ,3 B'&+
T S N
( )( )

Y X XY
N
( )
2
2

X X
T S 2C#A 1 82A#C9 82F..9 I #,CFA 1 82C#A9
2
T S C.,
INTERPRETATION>
A2
The above table shows as beta value is less than one! so there is less
risk to the investor
C7+)& 1.! (7,:( +6,$& &7' -+)9'& )'&$)/ +/. (&,09 )'&$)/ ,3
S&+&' B+/9 ,3 I/.%+
A#
NSE VALUE OF TATA CONSULTANCY SERVICES
D+te
O,e-
Pri.e
Hig/
Pri.e
Lo0
Pri.e
C1ose
Pri.e
Weig/te2
A3er+ge
Pri.e
No. o'
S/+res
No. o'
Tr+2es
Tot+1
T4r-o3er5Rs.6
7 S,re+2 5Rs.6
H 8 L C 8 O
6 )ay 2CC, F.6CC F-ACC F.6CC FF-.C FF6-. ##,A.. .A6- 2.#!11F!22#CC 21CC 16.C
A )ay 2CC, #,2FC #,#CC #FCCA #-,-C #-A2- 6#A161 1C#C2 1.F!.6,!CCFCC 22,A 22,C
. )ay 2CC, #-CCC #,6,C #FA#C #F,CC #-112 6A-2,, ,AF1 1F6!..F!#,ACC 1,.C 21CC
F )ay 2CC, #FCCC #,#AC #FCCC #F,FA #-#A, #211.1 FF,, 12#!1,A!2#-CC 2#AC ,FA
- )ay 2CC, #-#CC #,26C #F6AC #-C-A #-A#, #6,,.6 F11. 1#6!-F#!#.-CC 1F,C 221A
11)ay 2CC, #-F-C #--CC #.-CC #.,FA #FFA1 #F2C62 ,616 16C!66,!22FCC 2CCC 21-CA
12 )ay 2CC, #.CCC #FFCC #AA2A #..2C #.-C# 6CC6AC .,#C 16F!#F-!--,CC 21FA .2C
1# )ay 2CC, #.FCC #-FFC #.C.C #-2CA #F.1A 6C.##1 -6F. 1A2!-6C!1,,CC 2F1C 1ACA
16 )ay 2CC, #-6CC #,1,A #F##C #-C#A #-A-C 6A..A2 F#6A 1F.!1F6!FC,CC 1-.A 2#.A
1A )ay 2CC, #FACC 6C26C #FACC #,.,C #-,21 A11.2- ,261 1,,!1#1!11ACC 2F6C 21,C
1- )ay 2CC, 6C2CC 6C2CC #-6CC #-A,C #,C.- .A..A2 -FF# 2A.!A#F!A6.CC 1-CC 21.1C
1, )ay 2CC, #-CCC #,F,C #-CCC #-,FC #,16A .#2.1- ,#C1 26F!.6C!1A#CC 1F,C ,FC
2C )ay 2CC, #-CCC #,,.C #-CCC #,2#A #-,2, #6#--# .,2F 1##!-.,!-FCCC 1,.C 12#A
21 )ay 2CC, #-ACC #,.CC #-#CC #,C1A #-FA6 #1#6A, 66,C 121!6FF!CFFCC 1#CC A1A
22 )ay 2CC, #-ACC #,6CC #-ACC #,16C #-,AC 1,F2.A 6C.- F.!-#A!..,CC ,CC .6C
2A )ay 2CC, #,6AC #,F,A #F-2C #-1.C #-FC# 666-#A ..C2 1F2!1.A!1-1CC 1,FA 212,C
2. )ay 2CC, #-#CC #,#CA #-1CA #-,CC #-FCC #2,CCF AF1A 12F!#26!-2-CC 12CC .CC
2F )ay 2CC, #-ACC #-.CC #.-CC #-CCA #F..2 .A221C F.2, 26A!.#.!#6,CC 1-CC 26,A
2- )ay 2CC, #-1CC #,C,C #FACC #--.C #-ACF #A2-C# .6C- 1#A!-A#!6A6CC 1A,C F.C
T+91e $.= s/o0s +9o4t t/e 9et+ 3+14es o' T+t+ Co-s41t+-.? ser3i.es
DATE OPEN CLOSE OPEN CLOSE MR5;6 SR5Y6 ;Y ;
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A6
6 )ay 2CC, F.6CC FF-.C #6F-AF #.A6 AC6 1,1 ,.2 2A6C
A )ay 2CC, #,2FC #-,-C #..6AC #..1A, 2CCF 2CF# CCA CCC6,
. )ay 2CC, #-CCC #F,CC #..2 #.2ACA 21CC 2C2. C2. 1
F )ay 2CC, #FCCC #F,FA #.F1A #.-#,C C#6 2.# C-, C11
- )ay 2CC, #-#CC #-C-A #.-1-C #.2CFC 21.. 2CCCA CCC- 2F.
11 )ay 2CC, #-F-C #.,FA #.1AFA #AA6.C 21., 26.A F-A 2-.
12 )ay 2CC, #.CCC #..2C #AA6.A #.-11C #AA 1F2 .1C 12.C
1# )ay 2CC, #.FCC #-2CA #..-FA #.21-A 212F 61C 2A2C 1.1
16 )ay 2CC, #-6CC #-C#A #.#1,C #A,#6A 21CA 2C,A C,, 11C
1A )ay 2CC, #FACC #,.,C #A,A-A #.F1.A 21C A-6 122. 661
1- )ay 2CC, 6C2CC #-A,C #.F#1A 6#2#1A 1F., 26 2FCF. #12,#
1, )ay 2CC, #-CCC #-,FC 6#26,A 6#1-6A 2C1A 2AA C#- CC2
2C )ay 2CC, #-CCC #,2#A 6#1-FA 6#2C#C CC# #2A CC, CCCC,
21 )ay 2CC, #-ACC #,C1A 621F#C 621C,C 2C1A 1## 2C1, CC2
22 )ay 2CC, #-ACC #,16C 6211-A 62#-AC C.# 1.. 1C6 C6C
2A )ay 2CC, #,6AC #-1.C 621#1C 62#FAA CA- 2#2. 1-, C#6
2. )ay 2CC, #-#CC #-,CC 62#,AA 611.FC 22-, 1A. 26A -#A
2F )ay 2CC, #-ACC #-CCA 611F#C 62F.CA #-A 212- 26,2 16-2
2- )ay 2CC, #-1CC #--.C 62F.1A 6##F1C 162 1,, 2-2 2C1
25.3D 13.4D <36.!1 3GD.75
C+1.41+tio- o' Bet+
/ 0 1
( )( )

Y X XY
1
( )
2
2

X X
/ 0 .+-!#, 2 ("$!+' (,+!(' 3 +*%!&$ 2 ("$!+%'
"
/ 0 ,!$%

INTERPRETATION
4he above table shows as beta value is less than one, so
there is less risk to the investor!
C/+rt $.= s/o0s +9o4t t/e A+r:et ret4r- +-2 sto.: ret4r- o'
T+t+ Co-s41t+-.? ser3i.es
AA
NSE VALUE OF GAMMON INDIA LIMITED
5ate
6pen
7rice
8igh
7rice
9ow
7rice
Close
7rice
Weighted
Average
7rice
1o! of
Shares
1o! of
4rades
4otal
4urnover(s!'
: Spread (s!'
8 . 9 C . 6
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. )ay 2CC, -2FCC -A,CC -1#CC -1-#C -#C1- 1A## 1#C 1!2F2!..ACC 6.CC 2-FC
F )ay 2CC, -1,CC -26CC -CCCC -C.#C -C-C# F-. .2 .#A!11#CC 26CC 212FC
A.
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11)ay 2CC, -CACC -2ACC -CACC -C-1C -1C62 AC6 AC 6C-!6A1CC 2CCC #1C
12 )ay 2CC, -1ACC -1ACC F--CC -C2AC -C1-6 12A2 -# 1!CC#!,C,CC 2FCC 212AC
1# )ay 2CC, F,A1A -1,,A F,A1A -12CC -C,26 1#-A 66 1!12C!-C2CC 26-C 1.-A
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1A )ay 2CC, F,,,A -CCCC F-,CC F,C.C F,6-# ,#, -1 F6.!#6#CC 11CC 2,#A
1- )ay 2CC, F,,CC F,,CC F..FA FF1FA FF6F, 2.6A 16, 2!C6,!#1FCC #22A 22F2A
1, )ay 2CC, FF,,A -26CC FF1FA F,2CA -C1#F -F2 1A- .,-!F,2CC A22A 121C
2C )ay 2CC, F,.CC -.6CC F,.CC -1FAC -#66F 6A-6 AC. #!-2A!21#CC .-CC 21AC
21 )ay 2CC, -1-CA -#6CC -C#.A -C,6C -2C-6 1#-1 1C- 1!1##!A-6CC #C#A 2-.A
22 )ay 2CC, -1,,A -1,,A -CACC -C-.A -CF-C 1.2 2C 1#C!-.6CC 16,A 211#C
2A )ay 2CC, -1,CC -2F,A FF.CC F-6AC -C1.. 1616 12A 1!1##!A6-CC A1,A 2#6AC
2. )ay 2CC, F-2CC -A,CC F-12C -2F2A -#A6, A661 6-6 6!A6A!-,6CC FF-C 6A2A
2F )ay 2CC, -26,A -#CCC -CCCA -2C6C -1A2. 1#1# 1CF 1!CFC!6##CC 2,,A 26AA
2- )ay 2CC, -2,CC -#2CC -1.CC -2-2C -2#C6 FF# 6A .#.!211CC 1.CC 2C-C
T+91e $.$! s/o0s +9o4t t/e 9et+ 3+14es o' G+AAo- I-2i+ LiAite2
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. )ay 2CC, -2FCC -1-#C #..2 #.2ACA 21CC 21CA 1CA 1
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11 )ay 2CC, -CACC -C-1C #.1AFA #AA6.C 21., C#- 2C.6 2-.
12 )ay 2CC, -1ACC -C2AC #AA6.A #.-11C #AA 21A# 2A6# 12.C
1# )ay 2CC, F,A1A -12CC #..-FA #.21-A 212F 211 2.F 1.1
16 )ay 2CC, -1CCC F,,1C #.#1,C #A,#6A 21CA 21#6 16C 11C
1A )ay 2CC, F,,,A F,C.C #A,A-A #.F1.A 21C 211. 226# 661
1- )ay 2CC, F,,CC FF1FA #.F#1A 6#2#1A 1F., 2#61 2.C#2 #12,#
1, )ay 2CC, FF,,A F,2CA 6#26,A 6#1-6A 2C1A 1AA 2,.F CC2
2C )ay 2CC, F,.CC -1FAC 6#1-FA 6#2C#C CC# 2FC -1 CCCC,
21 )ay 2CC, -1-CA -C,6C 621F#C 621C,C 2C1A 21CA 1AFA CC2
22 )ay 2CC, -1,,A -C-.A 6211-A 62#-AC C.# 21#F 2C-. C6C
2A )ay 2CC, -1,CC F-6AC 621#1C 62#FAA CA- 2621 2266 C#6
2. )ay 2CC, F-2CC -2F2A 62#,AA 611.FC 22-, AF- 21.FC -#A
AF
2F )ay 2CC, -26,A -2C6C 611F#C 62F.CA #-A 2CAA 2211 16-2
2- )ay 2CC, -2,CC -2-2C 62F.1A 6##F1C 162 2CC, 2C12 2C1
25.3D <2.D7 <62.5D 3GD.75
C+20$2+&%,/ ,3 B'&+
T S N
( )( )

Y X XY
N
( )
2
2

X X
T S 2.2AC 1 82A#C9 822CF9 I #,CFA 2 82A#C9
2

T S C6.
INTERPRETATION>
The above table shows as beta value is less than!one! so there is less
risk to the investor
C7+)& 1.1D (7,:( +6,$& &7' -+)9'& )'&$)/ +/. (&,09
)'&$)/ ,3 G+--,/ I/.%+ L%-%&'.
A-
CHAPTER-IV
FINDINGS SUGGESSTIONS
CHAPTER 4
A,
FINDINGS
&rom the analysis of table! most of the investors were in low risk with their
investment
&rom the analysis of table there is ups and downs in market return and stock return
&rom the analysis the investors are in risk with two companies of their investment
&rom the analysis of table the beta value should be less than one so the investors are
with low risk
&rom the analysis of table the investors are not met with high risk
SUGGESSTIONS
The investors should invest their money in good company shares
The investor should analyse that which gives ma5imum profit with low risk
The investors should invest in different shares so they can compensate with their loss
in profit shares
They could make good profit with less minimum of risk
They can invest their shares in bank also to get ma5imum return
CHAPTER-V
CONCLUSION
.C
CHAPTER 5
CONCLUSION

The study on portfolio construction of /upta "+uities :oimbatore reveals that
there is a slight risk facing an investors where discomfort is felt They can arrange it more
favourable to maintain the return value
They can enable to contribute to increase the level of income from the investors
current level Dence investing in different share will reduce risk and in increases the return
BIBLIOGRAPHY
A. BOO8S
1 3r /urusamy S! L:apital )arketsL! *i$ay Nicole %mprints Pvt Ltd! 2CC.
2 /upta SP! LStatistical )ethodL! Sultan :hand and Sons! New 3elhi! 2CCC
# 4othari :E! LEesearch )ethodologyL! *ishwa Prakasam! New 3elhi! 1,,. edition
.1
6 )emoria :B! L)arketing )anagementL! 4itab )ahal! 'llahabad! 1,,-
A Philip 4otler! L)arketing )anagementL! Pearson "ducation 8Singapore9 Pvt Ltd!
New 3elhi! 2CC#
. Preeti Singh! L%nvestment )anagement Security analysis and portfolio managementL!
Dimalaya Publishing Douse! )umbai! 2CC.