A

Project Report
On
“EQUITY RESEARCH & TECHNICAL ANALYSIS -
AUTOMOBILE INDUSTRY.”
Submitted To:
GUJARAT TECHNOLOGICAL UNIVERSITY

L.D. College of Engineering Campus, Ahmedabad-380015

Phone: 079-2630499, 2630599, Fax: 079-26301500

Email: gcet@gtu.ac.in, Website: http://www.gtu.ac.in

Submitted By:

Name:
En roll no:

PRAJAPATI VIPULKUMAR L.
097550592043
KOLIA AMIR A.
097550592056

(MBA) (2009-2011)

Collage Guide:
Ms Falguni Puwar
Mr Sunil Prajapati
 Sardar Patel College of Administration &
Management (SPCAM)
SPEC Campus, Vidhyanagar – Vadtal Road, Bakrol-388315,
Anand (Gujarat

Research Methodology

Research Methodology is a systematic and objective study of a particular problem. The Research
Methodology process involves a number of inter-related activities.

 Problem statement:

“Equity Research & Technical Analysis – Automobile Industry”

Research Objective:

 Primary objective:

 To make research on equity market and security analysis on automobile industry.

Investors are concerned with two principal properties inherent in securities. The return
and the risk that can be expected from holding a security.

 To improve the investor knowledge and market proficiency.

 To forecast the future direction of prices through the study of past market data.

 Secondary Objective:
 To measure the expected return and risk associated with the security.
 To know the relationship between market return and security return.
 To find out correlation between the indexes.
 To find out current position of company.
Sampling Method

Non Probability Judgmental Sampling

 Research Design:
In my topic I have selected exploratory research design and also descriptive research design
because my study is based on past data and data are collected from secondary sources and need
to be describing these data.

 Sources of Data Collection:

In my topic I have use past data which are available at secondary sources. Secondary data means
data that are already available.

http://www.nseindia.com

 Selection Period of Scrip Data:

In my study I have taken 3-year data (1st January 2008 to 31st December 2010) of seven
Automobile Company, which is listed in “NATIONAL STOCK EXCHANGE”

 Sample Size:
For doing equity research of automobile company I have select 7 (seven) automobile companies.
1. TATA MOTORS LTD
2. MARUTI UDYOG LTD.
3. HERO HONDA MOTORS LTD
4. ASHOK LEYLAND
5. TVS MOTORS
6. M&M MOTORS

Limitation of the Study

Following are the limitation of the study: -
1. Equity research & technical analysis based on fundamental analysis (NSE index data)
only; it cannot base on financial data of companies.

2. Data analysis is done on basic of statistical tools (alpha, beta, Correlation etc.) not on
Ratio analysis.

3. The Information source can give limited information.

4. From Automobile Industry, only sevan companies are selected for research work.

5. The Study will be based on the research of last three years, which is small period to predict the
future moves of the stocks.

6. The Study will be restricted to the In Automobile sector, studying other sectors would have
made the portfolio more realistic.

7. Portfolio will be prepared out of these stocks based on the analysis carried out which may differ
from others.