INTRODUCTION

Investment has different meanings in finance and economics.
In economics, investment is related to saving and deferring consumption. Investment
is involved in many areas of the economy, such as business management
and finance whether for households, firms, or governments.
In finance, investment is putting money into something with the expectation of gain,
usually over a longer term. This may or may not be backed by research and analysis.
Most or all forms of investment involve some form of risk, such as investment in
equities, property, and even fixed interest securities which are subject, inter alia,
to inflation risk.
In contrast putting money into something with a hope of short-term gain, with or
without thorough analysis, is gambling or speculation. This category would include
most forms of derivatives, which incorporate a risk element without being long-term
homes for money, and betting on horses. It would also include purchase of e.g. a
company share in the hope of a short-term gain without any intention of holding it for
the long term. Under the efficient market hypothesis, all investments with equal risk
should have the same expected rate of return: that is to say there is a trade-off between
risk and expected return. But that does not prevent one from investing in risky assets
over the long term in the hope of benefiting from this trade-off. The common usage
of investment to describe speculation has had a effect in real life as well: it reduced
investor capacity to discern investment from speculation, reduced investor awareness
of risk associated with speculation, increased capital available to speculation, and
decreased capital available to investment.
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RISK:
In the investing world, the dictionary definition of risk is the chance that an
investment‘s actual return will be different than expected.

Technically, this is

measured in statistics by standard deviation. Risk means you have the possibility of
losing some, or even all, of our original investment.
Risk in investment exists because of the inability to make perfect or accurate
forecasts. Risk in investment is defined as the variability that is likely to occur in
future cash flows from an investment. The greater variability of these cash flows
indicates greater risk.

Variance or standard deviation measures the deviation about expected cash flows of
each of the possible cash flows and is known as the absolute measure of risk; while
co-efficient of variation is a relative measure of risk.

For carrying out risk analysis, following methods are used

Payback [How long will it take to recover the investment]

Certainty equivalent [The amount that will certainly come to you]

Risk adjusted discount rate [Present value i.e. PV of future inflows
with discount rate]

However in practice, sensitivity analysis and conservative forecast techniques being
simpler and easier to handle, are used for risk analysis. Sensitivity analysis [a
variation of break even analysis] allows estimating the impact of change in the

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behavior of critical variables on the investment cash flows. Conservative forecasts
include using short payback or higher discount rates for discounting cash flows.

Investment Risks

Investment risk is related to the probability of earning a low or negative actual returns
compared t the return that is estimated. There are 2 types of investments risks:

1. Stand-alone risk

This risk is associated with a single asset, meaning that the risk will cease to
exist if that particular asset is not held. The impact of stand alone risk can be
mitigated by diversifying the portfolio.

Stand-alone risk = Market risk + Firm specific risk

Where,

o

Market risk is a portion of the security's stand-alone risk that cannot be
eliminated trough diversification and it is measured by beta

o

Firm risk is a portion of a security's stand-alone risk that can be
eliminated through proper diversification

2. Portfolio risk

This is the risk involved in a certain combination of assets in a portfolio which
fails to deliver the overall objective of the portfolio. Risk can be minimized
but cannot be eliminated, whether the portfolio is balanced or not. A balanced
portfolio reduces risk while a non-balanced portfolio increases risk.

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dividend and capital gains. 4 . An investor will also like to ensure that the returns are greater than the rate of inflation. A major purpose of investment is to set a return of income on the funds invested. greater will be the returns sought. On a bond an investor expects to receive interest. On a stock. An investment is the current commitment of funds done in the expectation of earning greater amount in future. In financial terms. dividends may be anticipated.Sources of risks o Inflation o Business cycle o Interest rates o Management o Business risk o Financial risk RETURNS: Return expresses the amount which an investor actually earned on an investment during a certain period. Returns are subject to uncertainty or variance Longer the period of investment. risk is the chance or probability that a certain investment may or may not deliver the actual/expected returns. while risk represents the uncertainty associated with a particular task. Return includes the interest. The investor may expect capital gains from some investments and rental income from house property.

If we include the component of inflation into the RRFR without the risk premium. such a return will be known as nominal risk free rate [NRFR] NRFR = ( 1 + RRFR ) * ( 1 + expected rate of inflation ) – 1 Third component is the risk premium that represents all kinds of uncertainties and is calculated as follows - Expected return = NRFR + Risk premium RISK AND RETURN TRADE OFF Investors make investment with the objective of earning some tangible benefit. This rate generally remains stable. but in the long run there could be gradual changes in the RRFR depending upon factors such as consumption trends. 5 . This benefit in financial terminology is termed as return and is a reward for taking a specified amount of risk.An investor will look forward to getting compensated by way of an expected return based on 3 factors  Risk involved  Duration of investment [Time value of money]  Expected price levels [Inflation] The basic rate or time value of money is the real risk free rate [RRFR] which is free of any risk premium and inflation. economic growth and openness of the economy.

For instance. High risks lead to higher potential returns.Amount invested) / Amount invested He risk and return trade off says that the potential rises with an increase in risk. An investor must decide a balance between the desire for the lowest possible risk and highest possible return. the risk of defaulting is also low. the dictionary definition of risk is the chance that an investment's actual return will be different than expected. Technically. but may also lead to higher losses. Risk is defined as the possibility of the actual return being different from the expected return on an investment over the period of investment. It is important for an investor to decide on a balance between the desire for the lowest possible risk and highest possible return. incase of government securities.The risk and return trade off says that the potential return rises with an increase in risk. Low risk leads to low returns." While some people can handle the equivalent of financial skydiving without batting an eye. In the investing world. The risk/return tradeoff could easily be called the "ability-to-sleep-at-night test. Long-term returns on stocks are much higher than the returns on Government securities. this is 6 . Deciding what amount of risk you can take while remaining comfortable with your investments is very important. Rate of return on an investment cal be calculated using the following formula- Return = (Amount received . while the rate of return is low. but the risk of losing money is also higher. others are terrified to climb the financial ladder without a secure harness.

You may expect to get a return of 15% per annum in your investment but the risk of "not able to achieve 15% return" will always be there. the greater the return expected. 7 . but you also have a increased risk of running out of raw material when you actually need it for production or maintenance. Low levels of uncertainty (low risk) are associated with low potential returns. the higher the expected return as less of your money is locked as asset. The objective of risk and return analysis is to maximize the return by creating a balance of risk. The risk/return tradeoff is the balance between the desire for the lowest possible risk and the highest possible return. I as an investor accept to get a better return than fixed deposits but I am also ready to take risk of loosing my money in stock market. All financial decisions invlove some risk. or even all. Risk return analysis The concept of risk and return analysis is integral to the process of investing and finance. Return is simply a reward for investing as all investing involves some risk. A higher standard deviation means a higher risk and higher possible return. Risk means you have the possibility of losing some.. The greater the risk. This is demonstrated graphically in the chart below. of our original investment. This is a very commong expample of risk return tradeoff. Thus all companies tries very hard to maintain an minimum investory as possible without effecting smooth production. In case of an investment in shares/stocks. High levels of uncertainty (high risk) are associated with high potential returns.measured in statistics by standard deviation. in case of working capital management. Which means you loose sale. the less inventory you keep. For example.

NEED OF THE STUDY:
Investment decisions are influenced by various motives. Some people invest in a
business to acquire control and enjoy the prestige associated with it. Some people
invest in expensive yachts and famous villas to display their wealth. Most investors
however are largely guided by the pecuniary motive of earning a return on their
investment.

Return is the primary motivating force that drives investment. It represents the reward
for undertaking investment. Since the game of investing is about returns (after
allowing for risk), measurement of realized (historical) returns is necessary to access
how well the investment manager has done. In addition, historical returns are often
used as an important input in estimating future (prospective) returns.

OBJECTIVES OF THE STUDY
1. To calculate the risk return of selected companies to estimate whether the
company is reliable for the investor to invest in the shares of the company.
2. To analyze the various risks and returns patterns in shares.
3. To know the risk involved with invests in equities.
4. To know the price fluctuations of the shares in the stock market for a
particular period.
5. To know the importance of the risk analysis in trading.
6. To know risk level of various companies selected for the study.

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SCOPE OF THE STUDY:
The present study has been undertaken to observe the risk and returns associated with
selected companies and to know the price fluctuations of the shares in the stock
market.

The study also aims at knowing the shares yielding highest return from the
companies selected for the study and to know risk level of various companies selected
for the study. This will helpful to the investors while investing in the securities.

IMPORTANCE OF THE STUDY:
ROE is important to every organization: for-profit, not-for-profit, educational
Institutions, government agencies, and more. There are variations in how they define
value, however, all organizations want value for the investments they make. What
makes ROE important is it provides leaders with an important way of deciding in
which programs to invest and which programs to delay or reject. The modern market
place of stock markets, having well developed risk management, transparent rules for
entry and stringent regulation, is faceless. That the old type system had to transform
into a new is definitely clear they have played a very important role in the past. In is
merely that had to modern markets to keep up with the demand of the times.

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RESEARCH METHODOLOGY
RESEARCH DESIGN

This project is based on exploratory research with both qualitative analysis as well as
quantitative analysis. The research methodology adopted is based on secondary data.
The various sources of secondary data include

Internet

Share prices of different NSE Sensex companies.

Information provide by Steel City Securities Limited

Magazine

SOURCES OF DATA
PRIMARY SOURCE
Primary data is the data or information collected directly from the respondents and
concerned officials. It mainly includes questionnaire and interviews.
For this study, no primary data is used.
SECONDARY SOURCE
To fulfill the information need of the study, the data is collected from secondary
sources. The secondary data was collected on the basis of organizational file, official
records, news papers, magazines, management books, preserved information in the
company‘s database and website of the company.

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11 . • The study is based on the secondary data which is available from various. The actual return he receives from a stock may vary from his expected return and the risk is expressed in terms of variability of return.LIMITATIONS OF THE STUDY The present project work has been undertaken to provide information regarding risk return on equities. hence only four companies were chosen for the study. before investing his or her investible wealth in the stock. • The study is confined for 3 years only (i. 2009 to 2012).. analysis the risk associated with the particular stock. • The study is limited to only four companies. • The time taken to undertaken the project work is very short. • Any rational investor.e. The following are the limitations of the study.

For earning returns investors have to almost invariably bear some risk. measurement of realised returns is necessary to assess how well the investment manager has done . risk and return go hand in hand. In addition . It represents the reward for undertaking investment. are largely guided by the pecuniary motive of earning a return on their investment. current return is measured as the periodic income in relation to the beginning price of the investment. generated by the investment. 12 . Since the game of investing is about returns . some people invest in a business to acquire control and enjoy the prestige associated with it.RISK AND RETURN Investment decisions are influenced by various motives. some people invest in expensive yatchs and famous villas to display their wealth. In general . Most investors. historical returns are often used as an important input in . such as dividend or interest. while investors like returns they abhor risk. such as dividend estimating future returns. RETURN: Return is the primary motivating force that drives investment. CURRENT RETURN: The first component that often comes to mind when one is thinking about return is the periodic cash flow . however .

CAPITAL RETURN: The second component of return is reflected in the price changes called the capital return-it is simply the price appreciation divided by the beginning price of the asset. They are in detail: BUSINESS RISK: As a holder of corporate securities. shifts in consumer preferences .More specifically. This may be caused by a variety of factors like heightened competition .the greater the risk. Thus . or positive. the total return for any security is defined as : Total return= current return+ capital return. zero. changes in 13 . whereas the capital return can be negative. you are exposed to the risk of poor business performance. RISK: We cannot talk about investment return without talking about risk because investment decisions invariably involve a trade-off between the two. inadequate supply of essential inputs .and market risk. The current return can be zero or positive .The wider the range of possible outcomes .risk refers to the possibility that actual outcome of an investment will differ from its expected outcome. For assets like equity stocks.emergence of new technologies development of substitute products. most investors are concerned about the actual outcome being less than the expected outcome. the capital returns predominates. Risk emanates from from several sources.The three major ones are business risk . interest rate risk .

tend to fluctuate. prices of securities. and vice versa. As the interest rate goes up . unique risks of different stocks tend to 14 . It divides total risk as follows. Total risk=unique risk+ market risk. or the emergence of a new competitor. the market prices of existing fixed income securities fall . a major cause appears to be the changing sentiment of the investors. While there can be several reasons for this fluctuation . and vice versa. This happens because the buyer of a fixed income securities fall . In a diversified portfolio. equity shares in particular. MARKET RISK: Even if the earning power of the corporate sector and the interest rate structure remain more or less unchanged. TYPES OF RISK: Modern portfolio theory looks at risk from a different perspective. The unique risk represents that portion of its total risk which stems from firm-specific factors like the development of a new product. There are periods when investors become bullish and their investment horizons lengthen. INTEREST RATE RISK: The changes in interest rate have a bearing on the welfare of investors.governmental policies.This happens because the buyer of a fixed income security would not buy it at its par value or face value if its fixed income security would not buy it at its par value or face value if its fixed interest rate is lower than the prevailing interest rate on a similar security. a labour strike.

and inflation rate. The market risk of a security represents that portion of its risk which is attributable to economy-wide factors like the growth rate of GDP. PE the ending price of the investment. however diversified their portfolios may be. the PB is the beginning price. since these factors affect all firms to a greater or lesser degree. The rupee price change over the period is simply the difference between the ending price and the beginning price. All items are measured in rupees.cancel each other-a favourable development in one firm may offset an adverse happening in another and viceversa. MEASURING HISTORICAL RETURN: The total return on an investment for a given period is: Total return =cash payment received during the period + price change over the period/ price of the investment at the beginning. C is the cash payment received during the period .interest rate structure. the level of government spending money . Hence. R=C+(PE-PB)/PB Where R is the total return over the period . The rupee cash payment received during the period may be positive or zero. This can be positive or zero or negative. investors cannot avoid the risk arising from them. unique risk is also referred to as diversifiable risk or unsystematic risk. 15 . In formal terms.

. .(1+Rn) Where CWI is the cumulative wealth index at the end of n years. which is typically one rupee. This is particularly true when a cumulative wealth index or a geometric mean has to be calculated. we must measure the cumulative effect of returns of returns over time.. The return relative is defined as: Return relative=C+PE/PB. because in such calculations negative returns cannot be used. To do this..n) 16 . CUMULATIVE WEALTH INDEX: A return measure like total return reflects changes in the level of wealth .. given some initial amount.WIO is the beginning index value which is typically one rupee and Rj is the total return of year I (i=l. The cumulative wealth index captures the cumulative effect of total returns..RETURN RELATIVE: Often it is necessary to measure returns in a slightly different manner. Put differently Return relative = 1+ total return in decimals. It is calculated as follows: CWI=WI0(1+R1)(1+R2) .For some purpose it is more useful to measure the level of wealth rather than the change in the levels of wealth.. The concept of return relative is used in such cases.

5 Fall in the required rate of return . To convert nominal returns into real returns . an adjustment has to be made for the factor of inflator: Real return=l+nominal return/1+inflation rate-1. 2 Enhancement in the quality of management and corporate governance. 4 Decline in inflation rates. 17 . 3 Reduced transaction and monitoring costs.1 % whereas it was 8.Staunton and published by Princeton university press in 2002 found that in the first half of the 20th century the arithmetic average annual real return on the world equity index was 5.REAL RETURN: The returns so far discussed are nominal returns . What explains larger equity returns in the second half of the 20th century compared to the first half P.Marsh and M..4 % over the period 1950-2002. GLOBAL EQUITY RETURNS: A study titled triumph of the optimists: 101 years of global investment returns authored by P.. or money returns. thanks to diminished business and investment risks.Staunton attribute it to the following factors: 1 Unpredicted growth in productivity and efficiency.Marsh and M. thanks to rapid technological changes.

RI is the return from the stock in period I. R is the arithmetic return. investors . Apart from knowing the mean return. sigma is the standard deviation of return.they welcome it. you would also like to know about the variability in returns.Variance considers all deviations. If an asset's return has no variability. risk refers to variability or dispersion. Suppose you are analyzing the total return of an equity stock over a period of time. 18 . it is riskless. however. there are two conditions of the variance as a measure of risk. However some researchers have argued that only negative deviations should be considered while measuring risk. CRITICISM OF VARIANCE (AND STANDARD DEVIATION) AS A MEASURE OF RISK: Though widely used in finance . Put differently. do not view positive deviations unfavorably -infact . VARIANCE AND STANDARD DEVIATION: The most commonly used measure of risk in finance is variance or its square root the standard deviation. negative as well as positive.Risk refers to the possibility that actual outcome of an investment will differ from the expected outcome. and n is the number of periods. The variance and the standard deviation of a historical return series are defined as follows: 2= [(Ri-R)2/n-l] 0 is the variance of return. 1 .

The Geometric mean is defined as follows: GM=[(1+R1)(1+R2) .When the probability distribution is not symmetrical around its expected value.. The arithmetic mean of a series of total returns is defined as... However when you want to know the average compound rate of growth that has actually occurred over multiple periods .SUMMARY STATISTICS: while total return . GEOMETRIC MEAN: It represents the typical performance for a single period. return relative and wealth index are useful measures of return for a given period of time. R= i=1 Ri/n Where R is the arithmetic mean. n) and n is the number of total returns. ... the arithmetic mean is not appropriate. in investment analysis we also need statistics are arithmetic mean and geometric mean.. Ri is the value of total return(i=l. Hence the word mean refers to the arithmetic mean.. variance alone does not suffice. Proponents of the Markowitz model rely only on variance on the grounds that the historical returns of stocks have been approximately 19 . the skewness of the distribution should also be used. In addition to variance. ARITHMETIC MEAN: The most popular summary statistic is the arithmetic mean. Markowitz does not consider skewness in developing portfolio theory.. (l+Rn)]1/n-l 2... unless otherwise specified.

For example.symmetrical. it may be -5 percent. Why? The principal reasons for using standard deviation appear to be as follows: l. MEASURING EXPECT EP (EX ANTE) RETURN AND RISK: So far we looked at the historical(ex post facto) return and risk. We now discuss expected (ex ante) return and risk. RATIONALE FOR STANDARD DEVIATION: Notwithstanding the above criticism. If the utility of money is represented by a quadratic function (a function commonly suggested to represent diminishing marginal utility of wealth). 2. 20 . then the expected utility is a function of mean and standard deviation.If a variable is normally distributed . PROBABILITY DISTRIBUTION: when you invest in a stock you know that the return from it can take various possible values.or 35 percent. standard deviation is commonly employed in finance as a measure of risk. Standard deviation is analytically more easily tractable. 3. its mean and standard deviation contain all the information about its probability distribution. or 15percent.

Suppose you say that there is a 4 to 1 chance that the market price of a stock A will increase and a 20percent chance that it will not increase during the next fortnight.80 Stock price will not rise 0. • The probability assigned to an outcome may vary between o and l(an impossible event is assigned a probability 0.Further the likelihood of these possible returns can vary. EXPECTED RATE OF RETURN: The expected rate of return is the weighted average of all possible returns multiplied by their respective probabilities. you should think in terms of a probability distribution. In symbols. and an uncertain event a probability somewhere between 0 and 1). • The some of the probabilities assigned to various possible outcomes is 1. a certain event a probability of 1. 21 . The probability of an event represents the likelihood of its occurrence. Hence. Your judgment can be represented in the form of a probability distribution as follows OUTCOME PROBABILITY Stock price will rise 0.20 When you define the probability distribution of rate of returns(or for that matter any other variable) remember that: • The possible outcomes must be mutually exclusive and collectively exhaustive.

even though they may actually be discrete. So its square root. weighted by the associated probabilities. 2 = pi (Ri-E(R)2 Where a = is the variance. pi is the probability that state I occurs. is employed as an equivalent measure. The variance of a probability distribution is the sumof the squares of the deviations of actual returns from the expected return . Since variance is expressed as squared returns . Continuous probability distribution: The probability distribution of returns on bharat foods stock is a discrete distribution because probabilities have been assigned to a finite number of specific values. In symbols. 2=(2) ½ Where sigma is the standard deviation. however . In a continuously probability distribution . STANDARD DEVIATION OF RETURN: Risk refers to the dispersion of a variable. the standard deviation. 22 . it is somewhat difficult to grasp. Rj is the return for the Ith possible outcome. pi is the probability associated with the I th possible outcome. and n is the number of possible states of the world. and E(R) is the expected return. It is commonly measured by the variance or the standard deviation. probability distributions are commonly regarded as continuous . In finance .E(R) = RiPi Where E(R) is the expected return from the stock Rl is the return from stock under state I.

A bell-shaped distribution. is the most commonly used probability distribution in finance. when a continuous probability distribution is used . are approximately normally distributed.expected return and standard deviation of return 2. The normal distribution resembles a bell shaped curve.. 3. it is perfectly symmetric around the expected return. viz. the following kinds of questions are answered. 10% and 20% ? What is the probability that the rate of return will be less than 0% or more than 25% ? THE NORMAL DISTRIBUTION: The normal distribution . What is the probability that the rate of the return will fall between . It appears that stock returns.7% 23 .It is completely characterized by just two parameters . Instead . probabilities are assigned to intervals between two points on a continuous curve. The following features of normal distribution may be noted: l. a continuous probability distribution. say .probabilities are not assigned to individual points as in case of a discrete distribution.4% -three standard deviation 99..3% -two standard deviation 95. atleast over short time intervals. Hence.The probability for values lying within certain bands are as follows: Band probability -one standard deviation 68.

Govt. has become the subsidiary of parent company to provide a business platform to trade in Commodity market segment. They have high-end risk management tools for all market segments to maintain a healthy business relationship with all our valuable investors and clients. BSE. Their strong base line of this business tempo is they have high-end management solutions for the business promotion and expansion. They have their own Software development team to develop application and implement for the Back-office operations of all Segments of different Exchanges. In 2004 Steel City Commodities (P) Ltd. They also have business operations in Tamil Nadu. NCDEX and MCX-SX for both Stock and Commodity segments. They have the best track record 24 .INTRODUCTION Introduction Since 1995 Steel City Securities Limited is leading in retail stock broking in Southern India. They are the pioneers and prime leaders in introducing the Franchisee model to extend their business potential in urban and rural areas of Andhra Pradesh. They are recognized as POP by PFRDA (Pension Fund Regulatory and Development Authority. Strength Steel City is having memberships in national level Exchanges of NSE. As of today the company is having very high-end reputation. The working nature of this company is with full of dedication and trustworthy. goodwill and confidence in the market. In 1998 the company has achieved phenomenal growth in all aspects. MCX. Karnataka and Orissa. The workforce has been given top priority to meet and enhance their endless support and services. of India) to promote pension schemes for the well-being of Indian citizens.

collection of pay-in obligations. we are maintaining their DP accounts. securities obligation. and tighter real time risk management. COMPANY PROFILE The Company extensively uses technology for supporting monitoring of the positions of traders. square offs are taken. The brand "Steel City" means "confidence as strong as steel". Since six years they are ISO 9001:2008 certified company to maintain the quality and services to the customer satisfaction.of in-time clearing of funds and securities to our valuable customers everywhere every time. Branches 25 . At the end of the trading day. and appropriate decisions such as margin calls. and any potential loss to the Company is mitigated at the earliest. Receivables of the clients are closely monitored to ensure timely collection. the trades downloaded from the exchanges are reconciled with in house data. Thereafter. Mark to Market positions of the clients are monitored on a real-time basis. For ease of operations. being Depository Participant of CDSL and NSDL to be used exclusively for its registered clients. impact of volatility. Calls for fresh or additional margins are made when client Mark to Market (MTM) losses reach the stipulated level. The branches have also been provided access to all the necessary data to allow for timely decisions in this regard. Funds Obligations and Securities Obligations are calculated after which the branches can access the relevant information for the purpose of interacting with customers for issuing contract notes. these trades are processed for generating contract notes and bills. concentration of positions in few scripts. pay-out of funds and securities and also statement of accounts. This ensures that client's exposure is completely covered.

26 . having independent directors reviews all these reports. Pay-in. and appropriate corrective and preventive steps are initiated. The deposit details are accessible to Accounts Department. In order to improve timeliness and operational efficiency of payments. The Company embarked upon setting up an integrated brokerage house providing all the related and ancillary services using its existing centres. including suspension of client code. and the RM Cell at HO. the Company has opted for remote issuance of cheques and pay orders. Centralized Collection Management system is being implemented. Business Model The products / services covered provide a wide range of financial products catering to different segments. The Audit Committee. In the retail segment. and also gear itself for a T+l environment. The accounts are reconciled at periodic intervals and cases of any late payments. bounced cheques are tracked closely. the focus is to cater to middle and upper segments of clients by advising them and offering a complete range of products available with the company. The Company pro-actively reviews its existing procedures to enhance their effectiveness. all operational activities are subject to audits at frequent intervals.ensure that client cheques are deposited into the designated account after making an entry in the system. payout of funds and securities are carried out in a time bound manner. and viewed very seriously. Further. networks and client relationships to address the requirement of its clients for all the services and products. and timeliness. The focus to target retail and institutional customers by providing quality and cost effective services backed by strong knowledge and research capabilities together with technology integration. In order to facilitate easy flow of funds. and appropriate action is taken. usefulness.

2005 we have 225 centres and now further decided to expand the reach to achieve the objective of servicing retails customers. 27 Yet to obtain approval of Trademark . commodities and depository services Awareness about our e-broking portal is yet to be created among masses  Presence at 97 Cities/Towns as on  date through 225 centres with plans for developing into brand of opening 100 additional centres  Strong brokerage and depository services clientele base created over  the past 10developed years of operations In-house back-office I software. Insignificant presence in overseas and institutional segment  derivatives. fixed income and insurance products.The Company started its operations in 1995 with an objective of focusing on the retail broking of equity and distribution of financial products such as mutual funds. economic model of  Our first e-broking portal is ready to operations etc. we have started with one branch in 1995 and as on November. launch shortly. As a strategy. own communication network. SWOT ANALYSIS Strengths  Weaknesses Integrated online trading in terms of  brokerage services in equities.

Satish Kumar Arya Director Operations 28 . Raja Gopala Reddy Executive Director Mr. Satyanarayana Executive Director(S) Mr. G. Sree Rama Murthy Managing Director Mr.Opportunities  Threats Additional centres will increase the  clientle base and in-turn will entrants  increase revenue  Retail sector is expected to grow due Downturn or volatility of securities and commodities market  to reduction in interest rate and Slowdown of Indian and global economy opting for new opportunities in  equity and related instruments  Competition from existing and new Change in government and economic policies including personal taxation Rapid penetration of Internet and Board of Directors Mr. G. K.

M.Raghuram Year wise milestones Year Activity / Milestone 1995 • • The company was incorporated Obtained the Membership in National Stock Exchange of India Limited in October and commenced equity broking • Installed 1st VSAT and Started the Operations in Hyderabad in December 1996 • The company has become successful in starting its operations at Visakhapatnam installing the 2nd VSAT in April • Changed the registered office of company on April 15. 1996 1999 • Foray in distribution of financial products 29 . Ch. Murali Krishna Mr. M.Mr. G Satya Ram Prasad Director Mr.Jagannadha Rao Mr.H.

• Set up 10th centre during the year 2000 • SEBI's Approval as Depository Participant of National Securities Depository Limited • Own In-house back office software developed named "STEEL PACK" 2001 • Obtained Membership of BSE by Steel City Capital services Pvt. Limited • Maintained 3.353 DP client accounts 2002 • SEBI's Approval as Depository Participant of Central Depository Services (I) Limited • Started the operations of Futures & Options segment in May • Incorporated Steel City Insurance Agencies Private Limited in August • Maintained 7.678 DP client accounts 30 .617 DP client accounts • Set up the 50th Centre 2003 • Commenced distribution of insurance products • Maintained 22.

25 lacs to serve more transparently. Their business is being extended to the remote locations where.2004 • Membership of Multi commodity exchange of India Limited and National Commodity &Derivatives Exchange Limited • Started the operations of Mutual Funds in February • Maintained 37. Commodities and Currency Derivatives. Business Network They have foot print of 61branches and 245 sub-broker locations across India with 1600+ terminal licenses being connected to the Central Location. they have created awareness for all categories of business people to plan their investments in these growing financial 31 . They have distribution of Mutual funds and IPO with smart advisory team members to reach every potential investor and to encourage their investments and growth plans. Their online Back-office application is available on 24/7 basis to get the required information instantly.497 DP client accounts • Set up the 100th Centre Services They are providing a trading platform of Capital Market. Their Research and Analysis team to focus on market movements for investment opportunities towards business growth and also to minimize the risk. Futures & Options. They promote pension schemes through PFRDA for the retirement benefits of both employees and business people. They are also a depository participant of NDSL and CDSL having their own trading clients more than 1.

Since they have very large scale of retail investors. They also post regular news. Their aim is to attract more retail business to gain substantial growth in the upcoming years. Future Plans They are planning to start their business operations in North and western parts of India to spread their brand and services. they understand their portfolios. Their Advisory team will keep posting the analysis reports to the respective clients based on their requirements. 32 . They have well experienced team to market their products and capture more clients of respective business segments. Apart from this they also have web clients from both Equity and Commodity market segments. They are in the outlook of strategic Investors to expand business and to reach successful goals. They also wanted to come out with more financial products like wealth Management and Merchant Banking Services. Derivatives and Commodities.markets of Equity. reports and other important financial statements of companies as required by the investors. investment plans and return of investments (ROI). Research and Advisory They have very competitive analysts to focus on the market trends of all Exchanges/Segments in both fundamental and technical.

) with more 33 . Office Environment We have adequate office space at our branch locations for having a better and healthy Trading environment. We also have facility for remote user to trade via dial-up and Leased Line to access CTCL servers installed at nearest Branch locations.key drivers V SAT Network We have country wide VSAT Based Trading Terminals installed to access and trade in all segments like Capital Market. BOLT and TWS) to trade via VSAT. Daily News Papers and periodicals. comfortable seating. We have taken every step to facilitate like Centrally Airconditioned rooms. incase of remote users. Reuters Market watch. Bigger display Monitors for Market-watch screen. we have opted for Extended. 1 brand in Server range with better support and warranty. and Commodity of NSE.C band VSAT equipment to ensure zero downtime in Network Connectivity at all our remote locations. UPS (60 nos. No. All our Trading TWS (Trading Work Station) maintain branded machines only to ensure better performance and uptime. Ready access for Technical package. All Exchanges have provided tree Trading software (NEAT. Future & Options. client has to buy CTCL software license to access Trading Screen. Free Internet. BSE. As a part of Hardware. we have procured all our servers from IBM. Technology In order to maintain a high-end technology as per Indian climate conditions. The CTCL software Vendor (Financial Technologies) has been empanelled by the respective Exchanges and it is mandatory.Present Infrastructure and Facilities . Telephones. TV outlets. MCX and NCDEX.

The details of office premises presently:  Corporate Office at Visakhapatnam 3271 sit. we are having multiple offices for our trading. we have bought support softwares like Capital Line 2000. Technical Package and Mumbai based daily Trend-watch.  Commodity Floor at Visakhapatnam 4000 sft.  Centres location ranging from 400 – 1000 ft. back office. 34 . Inverters (5 nos. As of now.).  Depository Floor at Visakhapatnam 3258 sft. Generators (15 nos. The standard of ambience is being maintained at corporate office as well as branch locations. research and customer services.  Trading Floor at Visakhapatnam 3271 sft. we have Research and Development wing to give analytical reports on the market. Fundamental and Technical on Segment/Industry/Scrip wise reports for the benefit of our client's Longterm & Short-term investments. Research and Development To meet the challenges in Market and business promotion. accounts.  Own office at Secundrabad 3000 sft. To derive these analysis reports.backup hours.) etc. Office space Our business and all centres across the country are controlled from our offices at Visakhapatnam.

Business Promotion To market our products. we are very keen to provide Trading tolls like (Reuters. We have tied-up with BSNL and BHARTI service providers for Bandwidth usage to maintain zero downtime. 1 service provider in the country for VSAT and Bandwidth solutions. Interactive sessions. compliance.Apart from these. and Exposure limits. awareness programmes. handling greater responsibilities. auditing. work flow. and Training Sessions on a regular basis at different locations. implementation. This network is really giving us a great opportunity to improve our business potential and having the advantage of all trading segments under one-roof.. Service Providers We have implemented Virtual Private Network with the support of HCL Comnet Ltd. Quotes. where mandatory validations will be done in regards to their User Identity. we conduct Road Shows. We also conduct training programmes on NCFM (NSE's Certification in Financial Markets) for our staff to comply with the SEBI and Exchange guidelines. the Risk Management is covering all stages and no abnormal deals can be taken place. In this Network all remote users are connecting to CTCL Server. International Indicies. This support is being extended to all our locations at the same time. Turn Over. As per Exchange guidelines we keep NCFM 35 . who is the No. Workshops. documentation etc. Bullion Markets. History of specific instruments etc. Manpower We have experienced and well-qualified personnel. Mumbai Leaders in Worldwide news agency) Latest Worldwide News. maintenance. Having this Network. Instant charts. Margin. communication. correspondence.

safeguard our setup from the insecure zone. Back-office We have our own Back-office software to meet our post trading reports and statements and available to all our remote locations via Internet and FTP (File Transfer Protocol). technology up gradation.qualified persons in the trading operations. We have following responsibilities to maintain the automation of our office Revisions as per new features Web development Mock Testing Parallel Testing Evaluations Database Tuning Performance Tuning Network Auditors. we have high-end professionals at all levels. future expandability. We have developed extensive in-house training package. All these will be audited on half-yearly basis to certify the Systems integrity and performance. The ongoing software development is to integrate our service support towards branch and franchisees. We also conduct functional training programs for newly joined employees before commencement of branch operations. Software Development We have in-house developed software "Steelpack" for complete back office centralised operations. The Company has an excellent reward policy by offering performance based incentives in addition to salary. We have appointed Network Auditors from NCG (Network Consultancy Group). better suggestions. 36 . To maintain this ongoing development of Back-office software. Mumbai to evaluate performance. At present we are having total manpower strength of 343 inclusive of 292 permanent employees and 51 on probation. timely validations etc.

router functioning. The same has also implemented for Commodity segment with "COMMOWATCH". Risk Management Risk is an integral part of financial services business. With this software support. the Company. we are able to identify the risky positions of the clients and their percentage of the risk is evaluated to take immediate decision to stop/suspend the particular client further trading. housekeeping etc. virus protection. During the last decade the Exchanges and SEBI have introduced sweeping measures to enhance integrity levels in the capital markets. A) System To control our Risk Management. has built-in additional safety measures to mitigate risks. we have bought Software "DERIWATCH" to monitor the risk parameters based on the market volatility and volumes. security.On-site Network Support We have also appointed on-site Network Engineer on 24/7 basis to monitor Network Traffic. The Committee focuses 37 . firewall behavior. Bandwidth utilization. identifying the bad network traffic. in addition to adapting to the changes driven by regulator and exchanges. Bi Process and procedure The Company has well laid down policies and guidelines for compliance and risk management and constituted a Risk Management Committee comprising of senior level personnel who constantly review the risk management mechanism of the Company vis-a-vis changing dynamics of risk in the business. regular backups. Recognizing the fact that there is no substitute for internal discipline and control.

The Company was amongst the first to introduce and deploy centralized order management and risk surveillance system for all business that emanates from its network of terminals spread throughout the country. Risk policies are regularly updated to keep in line with changing market dynamics. Every order of a client goes through an automatic validation process against the available limits and order gets routed to exchange only if the order is within the predefined limits. and concerned branches have the facility to view the status of client registration with respect to all the forms sent by them.extensively on mitigation of trade risk. settlement risk. having recognized technology as its key business enabler. The Company has in place an effective real time On-line Risk Management System (RMS). These are constantly reviewed to keep abreast of the changing needs of the market scenario. The Client Registration is the first step in the operational cycle. centralized. close out etc. financial risk. It has also created a high-end private network with the capability to provide for well controlled. has implemented state of the art technology to meet its operational and business needs. square off. technology risk etc. and this process commences with the formal registration of each client. 38 . which facilitates decisions. A systemgenerated notification of account opening is automatically sent to the client on generation of a client code. The Company. Post generation of a Client Code. like additional margin calls. and scalable business operations. The Central Processing Cell (CPC) at HO handles client registration. On receipt of completed applications along with necessary documents. the Risk Management cell ensures that judicious exposure limits are set-up in line with the deposits and margins collected from the client in various acceptable forms. client code is generated from the system. compliance risk.

A bank is a financial institution and a financial intermediary that accepts deposits and channels those deposits into lending activities.BANK – INTRODUCTION Finance is the life blood of trade. In other words. European money lenders or money changers used to display (show) coins of different countries in big heaps (quantity) on benches or tables for the purpose of lending or exchanging. They are generally subject to minimum capital requirements which are based on an international set of capital standards. Most banks operate under a system known as fractional reserve banking where they hold only a small reserve of the funds deposited and lend out the rest for profit. Now-a-days. Due to their influence within a financial system and an economy. known as the Basel Accords. act as an intermediary in financial transactions. clear checks. Development of any country mainly depends upon the banking system. and provide other financial services to its customers. commerce and industry. The term bank is either derived from old Italian word banca or from a French word banque both mean a Bench or money exchange table. 39 . In olden days. A bank is the connection between customers that have capital deficits and customers with capital surpluses. it is an establishment authorized by a government to accept deposits. make loans. either directly by loaning or indirectly through capital markets. banking sector acts as the backbone of modern business. banks are generally highly regulated in most countries. pay interest.

H. along with 13 other major commercial banks of India. the Bank of Baroda followed the Indian diaspora. Sir Sayajirao Gaekwad III. 3. The Bank has 97 branches/offices in 24 countries 40 .it is the country's first largest public sector lender in terms of annual profit. was nationalised on 19 July 1969. H. The Maharaja of Baroda. Based in Vadodara. and over 2000 ATMs. founded the bank on 20 July 1908 in thePrincely State of Baroda. He was an executive director in Union Bank of India prior to the appointment. especially that of Gujaratis. Its headquarter is in Vadodara and corporate headquarter is in Bandra Kurla Complex Mumbai.583 billion. 7.BANK OF BARODA Bank of Baroda (BoB) (BSE: 532134) is the highest profit-making public sector undertaking (PSU) bank in India and the second largest PSU bank in terms of number of total business in India. India. by theGovernment of India. in Gujarat. one of the knights of the Maratha Kingdom. Its total global business was Rs. S S Mundhra was appointed as the bank's chairman and MD in january 2013.58 trillion (short scale). International presence In its international expansion. BoB has total assets in excess of Rs. credit cards and asset management. 3.003. or Rs. a network of 4261 branches (out of which 4168 branches are in India) and offices. It offers a wide range of banking products and financial services to corporate and retail customers through its delivery channels and through its specialised subsidiaries and affiliates in the areas of investment banking.[4][5][5][6] BoB is ranked 715 on Forbes Global 2000 list. The bank. It plans to open 400 new branches in the coming year.30 billion as of 30 Sep 2012.

including 59 branches/offices of the bank, 38 branches of its 8 subsidiaries and 2
representative offices in Thailand and Australia. The Bank of Baroda has a joint
venture in Zambia with 16 branches.
Among the Bank of Baroda‘s overseas branches are ones in the world‘s major
financial centers (e.g., New York, London, Dubai, Hong Kong, Brussels and
Singapore), as well as a number in other countries. The bank is engaged in retail
banking via the branches of subsidiaries in Botswana, Guyana, Kenya, Tanzania, and
Uganda. The bank plans to upgrade its representative office in Australia to a branch
and set up a joint venture commercial bank in Malaysia. It has a large presence in
Mauritius with about nine branches spread out in the country.
The Bank of Baroda has received permission or in-principle approval from host
country regulators to open new offices in Trinidad and Tobago and Ghana, where it
seeks to establish joint ventures or subsidiaries. The bank has received Reserve Bank
of India approval to open offices in the Maldives, and New Zealand. It is seeking
approval for operations in Bahrain, South Africa, Kuwait, Mozambique, and Qatar,
and is establishing offices in Canada, New Zealand, Sri Lanka, Bahrain, Saudi Arabia,
and Russia. It also has plans to extend its existing operations in the United Kingdom,
the United Arab Emirates, and Botswana.
The tagline of Bank of Baroda is "India's International Bank". Bank of Baroda

41

UNION BANK OF INDIA
A Glorious Past - A Brighter Future
Union Bank of India was established on 11th November 1919 with its headquarters in
the city of Bombay now known as Mumbai.
The Head Office building of the Bank in Mumbai was inaugurated by Mahatma
Gandhi, the Father of the nation in the year 1921, and he said on the occasion:
"We should have the ability to carry on a big bank, to manage efficiently crores of
rupees in the course of our national activities. Though we have not many banks
amongst us, it does not follow that we are not capable of efficiently managing crores
and tens of crores of rupees."
His prescient words anticipated the growth of the bank that has taken place in the
decades that followed. The Bank now operates through over 2800 branches across the
country. The Bank's core values of prudent management without ignoring
opportunities is reflected in the fact that the Bank has shown uninterrupted profit
during all 90 years of its operations.
Union Bank has been playing a very proactive role in the economic growth of India
and it extends credit for the requirements of different sectors of economy. Industries,
exports, trading, agriculture, infrastructure and the individual segments are sectors in
which the bank has deployed credit to spur economic growth and to earn from a well
diversified portfolio of assets.

42

Resources are mobilised through Current, Savings and Term Deposits and through
refinance and borrowings from abroad. The Bank has a large clientele base of over 24
million.
On the technology front the Bank has taken early initiatives and 100% of its branches
are computerised. The Bank has also introduced Core Banking Solution with
connectivity between branches. 100% of the business of the Bank is under Core
Banking Solution making it a leader among its peers in infusion of technology. Many
innovative products are developed using the technology platform to offer an array of
choices to customers, adding speed and convenience to transactions. Technology will
also enable the Bank to derive substantial cost reduction while creating the requisite
capacity to handle the ever increasing volume of business in a competitive
environment that offers immense opportunities.
At the end of September 2011 the Bank achieved total business level of Rs.3,42,856
crore (Rupees Three Lakh Forty two thousand Eight hundred fifty six crore)
Behind all these achievements is a dedicated team of staff, which is truly
cosmopolitan in its composition. Many generations of members of staff have
contributed in building up the strong edifice of the Bank. The present team of over
29000 members of staff distinguishes itself with its customer centricity, willingness to
learn and adherence to values enabling us to be recognised as a caring organisation
where people enjoy their work and relationship with customers.
VISION
To become the bank of first choice in our chosen areas by building beneficial and
lasting relationships with customers through a process of continuous improvement
43

 The Dale Carnegie Leadership Award was conferred on Union Bank of India on 28th October 2010 by Dale Carnegie Training for the Bank's transformation initiatives undertaken through project Nav Nirman. It is an honor to be appreciated for the work we do in serving the customer and society. The award is in recognition of the transformation process undertaken by the Bank. admired by all stakeholders  To be a leader in the area of Financial Inclusion AWARDS Union Bank of India has been the proud recipient of many awards and commendations.MISSION  To be a customer centric organization known for its differentiated customer service  To offer a comprehensive range of products to meet all financial needs of customers  To be a top creator of shareholder wealth through focus on profitable growth  To be a young organization leveraging on technology & an experienced workforce  To be the most trusted brand. 2010.  Our Bank has been the winner of Association of Business Communicators of India (ABCI) Gold Award for marketing and Brand Communications. 44 .

3 amongst banks in India.  The ranking is carried by Brand Finance Plc.  Union Bank of India was awarded the prestigious Skoch Challenger Award 2009 for excellence in capacity building through innovative concept of 'Village Knowledge Centre' as part of financial inclusion initiatives 45 . up from 351st rank in 2008. The Bank was ranked at No. Our Bank was ranked as the 275th most valuable global banking brand for calendar year 2009.  The Asian Banker ranked Union Bank of India the 7th Strongest Bank in AsiaPacific Region in 2009. an independent intangible asset valuation and brand strategy global firm  The brand value rating for Union Bank is A+ (A means strong) compared to BB (BB means Average) in previous year  Bank's brand value increased by 148% during the calendar year 2009.  Our Bank has participated in the prestigious Banking Technology Awards 2009 conducted by IBA-TFCI award and bagged the Best User of Business Intelligence award.

dairy products.[1][2] Though the absolute profit made on FMCG products is relatively small. as the purchaser rationalizes the decision to not return the goods on the basis that the goods were cheap to begin with. game players. Some FMCGs—such as meat. Fast-moving consumer electronics are a type of FMCG and are typically low priced generic or easily substitutable consumer electronics. and grocery items. toiletries. weeks.FMCG (FAST MOVING CONSUMER GOODS) INDUSTRY Fast-moving consumer goods (FMCG) or consumer packaged goods (CPG) are products that are sold quickly and at relatively low cost. and within one year. FMCG have a short shelf life. Thus low-quality electronic FMCG goods can be highly profitable for the vendors. soft drinks. and that the cost of return relative to the low cost of purchase is high. they are generally sold in large quantities. and digital cameras. toiletries. fruits and vegetables. pre-packaged foods. and cleaning products have high turnover rates. This contrasts with durable goods ormajor appliances such as kitchen appliances. An excellent example is anewspaper—every day's newspaper 46 . and so the cumulative profit on such products can be substantial. either as a result of high consumer demand or because the product deteriorates rapidly. typically a year or less. MP3 players. Examples include nondurable goods such as soft drinks. and as such are disposable. which have a short usage life. Cheap FMCG electronics are often retained even after immediate failure. or months. Other goods such as alcohol. and baked goods—are highly perishable. The term FMCGs refers to those retail goods that are generally replaced or fully used up over a short period of days. which are generally replaced over a period of several years. including lower end mobile phones.

This is an industry that puts you in living rooms.carries different content. The following are the main characteristics of FMCGs:  From the consumers' perspective:  Frequent purchase  Low involvement (little or no effort to choose the item – products with strong brand loyalty are exceptions to this rule)   Low price From the marketers' angle:  High volumes  Low contribution margins  Extensive distribution networks  High stock turnover FMCG. necessitating a new purchase every day. is one of the biggest industries in the world and there are a lot of facts that stand the FMCG industry apart as a career choice: FMCG companies are behind the biggest brands in the world. FMCG is all about names. Think Coca-Cola. making one useless just one day later. Dettol and Dove. 47 . the products which everyone recognises from trips to the supermarket or from ads on television. The brands that make up this sector are the high profile ones. otherwise known as CPG. the ones everybody knows and loves. kitchens and bathrooms across the globe.

Why? Well. From the pace at which goods leave the shelves to the rate of product innovation and career progression. 48 . Customer loyalty can make or break a brand. FMCG companies can beat the recession.The FMCG industry changes fast and is constantly evolving. they are still there and going strong. 40% of brands on the top 100 list twenty years ago have already been replaced by new names today. It's fair to say there is never a dull moment in FMCG. consumers will always need to buy the products created by FMCG companies.This is an industry that has proved itself very resilient to recession – with the majority of companies in the sector weathering the financial storm in a way that very few others have managed. things move quickly. clothes need to be laundered and aches and pains still need to be soothed. Employee investment is a big part of the ethos of the FMCG world. And it doesn't end there. Take Twinings. They may not buy big items like refrigerators or cars in a recession. for example – a century after they entered the top 100 brand list. FMCG firms thrive on employee and customer retention. Perhaps it's because we understand the importance of loyalty. The brands themselves are changing just as quickly. So it makes sense for FMCG companies to encourage the loyalty of their employees too. but floors still need to be cleaned.

[2] Its diversified business includes four segments: Fast Moving Consumer Goods (FMCG). Paper & Packaging and Agri Business. but it is now fully independent. The company is currently headed by Yogesh Chander Deveshwar.ITC ITC Limited (BSE: 500875) or ITC is an Indian public conglomerate company (25. Paperboards & Specialty Papers. and was rechristened to India Tobacco Company in 1970 and then to I. Later the name of the Company was changed from Imperial Tobacco 49 . Branded Apparel. ITC has a diversified presence in FMCG (Fast Moving Consumer Goods). Meera Shankar joined the board of ITC Ltd as the first women director in its history. Packaging. While ITC is an outstanding market leader in its traditional businesses of Hotels. Hotels. Paperboards. British American Tobacco)headquartered in Kolkata. and shares ancestry with Imperial Tobacco of the United Kingdom.T. It employs over 29. Hotels. it is rapidly gaining market share even in its nascent businesses of Packaged Foods & Confectionery. 1910 under the name Imperial Tobacco Company of India Limited. TC was formed on August 24. India. Paperboards. It started off as the Imperial Tobacco Company.C. The company has its registered office in Kolkata. Personal Care and Stationery. West Bengal. Packaging. Limited in 1974.000 people at more than 60 locations across India and is listed on Forbes 2000. Agri-Business and Information Technology. ITC's annual turnover stood at $7 billion and market capitalization of over $34 billion. ITC Limited completed 100 years on 24 August 2010.4% owned by British corporation. She is an additional non-executive director of the cigarettes-FMCG-hotel major. Agri-Exports and Cigarettes.

In 1975 the Company launched its Hotels business with the acquisition of a hotel in Chennai which was rechristened 'ITCWelcomgroup Hotel Chola'. in Nepal as an Indo-Nepal and British joint venture. Agri-business. which today has become the market leader in India. The earlier decades of the Company's existence were mainly depending on growth and consolidation of the Cigarettes and Leaf Tobacco businesses. ITC contains a wide range of businesses . Limited in 1974. Finally the company changed its name to 'ITC Limited‘ on September 2001. Foods.Cigarettes & Tobacco. ITC's first rural mall.Company of India Limited to India Tobacco Company Limited in 1970 and then to I. Surya Tobacco became a subsidiary of ITC Limited and its name was changed to Surya Nepal Private Limited (Surya Nepal).T. Information Technology. ITC set up Surya Tobacco Co. its shares have been held by ITC. Education & Stationery and Personal Care . Since inception. Hotels. The objective of ITC's entry into the hotels business was rooted in the concept of creating value for the nation In 1979. British American Tobacco and various independent shareholders in Nepal.C. Maharashtra and Uttar Pradesh. Lifestyle Retailing. leveraging its tends to 10 states covering over 4 million farmers. 50 . On the rural retail front. Packaging. christened 'Choupal Saagar' was inaugurated in August 2004 at Sehore. Also in 1990. 24 'Choupal Saagars' are now operational in the 3 states of Madhya Pradesh. In August 2002. ITC entered the Paperboard business by promoting ITC Bhadrachalam Paperboards Limited. Paperboards & Specialty Papers. In 1985. In the Seventies it started to transform into a corporate.

Free access to Internet is also opening windows of rural India to the world at large. Its potential is being tested through pilot projects in healthcare.000 villages. Classmate notebooks were launched with the initiative of contributing 1 rupee towards the education of poor children.water management and cattle health management with the help of several service providers including non-governmental organizations. ITC e-choupal is now being regarded as a reliable delivery mechanism for resource development initiatives. reach more than 4 million farmers in about 40. As of July 2010. services through 6500 Echoupal across 10 states. educational services.Corporate philanthropy ITC e-choupal creatively leverages information technology to set up a meta-market in favour of India's small and poor farmers.from every four notebooks it sold. 51 . who would otherwise continue to operate and transact in 'un-evolved' markets.

Its products include foods. Hindustan Unilever's distribution covers over 2 million retail outlets across India directly and its products are available in over 6. when crates full of Sunlight soap bars. It is headquartered in Mumbai. beverages. tea. Maharashtra. Ltd. The company was renamed in June 2007 as ―Hindustan Unilever Limited‖. Eighteen of HUL‘s brands 52 . As per Nielsen market research data. cleaning agents and personal care products.000 people. and United Traders Ltd. embossed with the words "Made in England by Lever Brothers" were shipped to the Kolkata harbour and it began an era of marketing branded Fast Moving Consumer Goods (FMCG).500 employees [2] and contributes to indirect employment of over 65. two out of three Indians use HUL products. Brands HUL is the market leader in Indian consumer products with presence in over 20 consumer categories such as soaps. HUL was formed in 1933 as Lever Brothers India Limited and came into being in 1956 as Hindustan Lever Limited through a merger of Lever Brothers. It is owned by the British-Dutch company Unilever which controls 52% majority stake in HUL.4 million outlets in the country.HUL (HINDUSTAN UNILEVER) Hindustan Unilever Limited (HUL) (BSE: 500696) is India's largest consumer goods company based in Mumbai. Co. Lever Brothers started its actual operations in India in the summer of 1888. India and has an employee strength of over 16. detergents and shampoos amongst others with over 700 million Indian consumers using its products. Hindustan Vanaspati Mfg.

HUL's leadership-building potential was recognized when it was ranked 4th in the Hewitt Global Leadership Survey 2007 with only GE. Unilever and is also the executive head of the South Asia cluster for Unilever. The RBL Group and Fortune in 2011. The company was awarded the CII. P&G and Nokia ranking ahead of HUL in the ability to produce leaders with such regularity. the non-executive chairman of HUL and currently the Chief Operating Officer of Unilever. 53 . ranked the company number six in the list of ‗Top Companies for Leaders 2011 Study Results‘. Nitin Paranjpe [15] has been the Managing Director and Chief Executive Officer of the company since April 2008.Prize for Leadership in HR Excellence at the 2nd CII National HR Conclave 2011 held on October 2011. A study conducted by Aon Hewitt. which comprises the company‘s top management and is responsible for managing Unilever‘s profit and loss. including Harish Manwani. and delivering growth across its regions. He is also Executive Vice President. categories and functions. Its brands include: Leadership HUL has produced many business leaders for corporate India.featured in the ACNielsen Brand Equity list of 100 Most Trusted Brands Annual Survey (2012). South Asia. The company has a distribution channel of 6. He is also a member of Unilever Leadership Executive team (ULE).3 million outlets and owns 35 major Indian brands.

1 205 198 194.268 10.684 13.622 0.25 156.831 3.95 190 189.8 192.780 -6.121 231 -0.0204 -4.8 242.1 0.9502 -3.787 3.3333 -2.593 -2.5 230.9792 3376.934 -7.161 234.8299 -3.9 142.7 233.85 190 187 -4.173 5.4 190 190.842 1.311 3.690 3. ITC LTD.35 141 154.1 186.9 3061.036 7.384 0.633 5.415 -1.9 283.706 -8.85 206.114 1.4149 3023.064 -0.5 3662 3617.5 185.102 21.353 242.854 -8.9 -1.1 4239.2 2.6 4117.35 202.1 304.2318 -2.213 -6.95 170.793 -1.443 -5.0417 -2.529 230 -1.9 -4.819 3.8 294 309 RETU RN UNION BANK 54 RETUR N NIFTY RETURN INDEX RETU RN .15 190.8 3631.524 -3.75 341 404.740 -3.223 1.350 4.277 4.370 2.093 17.4 337 337.05 242.370 231 238.4 -0.828 22.1485 2.125 6.85 449.6 225.606 -1.043 -3.114 1.282 -1.523 0. 1 DATE BANK OF BARODA 1/4/09 2/4/09 6/4/09 8/4/09 9/4/09 13/04/09 15/04/09 16/04/09 17/04/09 20/04/09 21/04/09 22/04/09 23/04/09 24/04/09 27/04/09 28/04/09 29/04/09 4/5/09 5/5/09 6/5/09 7/5/09 8/5/09 11/5/09 12/5/09 13/05/09 14/05/09 15/05/09 18/05/09 19/05/09 20/05/09 21/05/09 22/05/09 25/05/09 26/05/09 27/05/09 ITC HUL PRICE RETU RN PRICE 140.1 151 171.55 294.9 3597.931 0.4 181.745 -0.579 429.210 -1.0851 -4.5 3423.2 4325 4318.95 245 234.783 -0.15 442.223 0.3772 1.074 -2.388 0.4248 1.5 174 168 172 162.9 444 4.3 0.PRICE AND RETURNS OF BANK OF BARODA.9434 4211.885 PRICE .65 266 272.950 3.2 3681.8 3615.718 0.2509 -1.801 182.026 -0.15 187.786 -1.1 170.95 188.2 170.4 3346 3342.029 -8.790 6.692 -0.9 3673.1224 -0.068 -1.552 6.3850 0.1663 -0.7 3668.2 7.448 2.45 332 328.4 3369.55 160.25 152 156.249 1.85 192 189 188 185. HUL AND NIFTY FOR THE QUARTER STARTING FROM 1ST APRIL 2009 TO 30TH JUNE 2009 TABLE NO.4 191.235 0.539 -0.756 235.0426 -0.796 185.9 234.5 -2.265 2.219 9.962 18.25 150.4 3255.5 3484.594 11.564 3.05 -0.298 0.5 162.7 3478.351 240 0 0.0284 0.7 3664.474 -0.5 3371.25 283. UNION BANK.2 193.238 156 158.8 186.1 162 151 160.623 2.25 227.233 243.3 3469.8 181.910 1.25 294.9 327.454 237.1 222 226 244.8 4270.9 -0.35 191.8597 -3.828 -0.6 3481.364 -1.3696 2.838 -3.230 4.75 316 314 329.2519 -1.013 2.303 235.563 235.035 -2.5991 1.381 -5.0000 3.0984 -1.281 2.1294 7.3 332.9 233.9 241.054 7.65 -0.2 247.2933 -1.25 161.55 192.540 -2.339 -2.256 225.55 226 236 240 239.242 3.146 -1.768 9.9 -1.8 1.85 188.8 178.235 3.15 212.1 3211.9 190.9 150.9 324 321.087 -3.026 -5.6 3330.3 0.3572 -0.2623 4238.25 240.6 241 239 230.437 1.25 198.25 1.594 1.5 186.085 -2.936 2.189 -0.95 402.244 0.311 191 192 186 198.148 2.9735 4.411 15.6 155.027 6.850 -3.5 3384.594 5.1 410.746 241 -1.1 5.691 9.420 -3.609 0.8 3554.530 1.6949 -0.160 1.45 3.341 -0.7237 3364.470 5.9 429.5 189.1 240.133 PRICE 230.75 235.052 1.754 -0.143 -1.059 0.419 5.35 186.8018 8.2 3381.664 -1.442 2.012 4.685 -0.5356 -1.15 184.65 -0.621 3.645 0.795 1.006 -0.176 3.

697 0.5 4530.000 7.263 -2.0388 3.339 2.15 400 432 450 485 188.5 214 212.186 -1.341 1.525 1.107 0.269 0.000 250.484 -2.075 -2.368 - 0.450 4.284 13.0192 -0.55 420 436.425 257.094 -0.25 261 262.142 .911 -0.8151 0.8 452.75 216 -5.880 -2.7 223.916 -6.779 -5.374 - 1.85 191 196 198.393 2.5 0.800 -0.4 447 441.2 410.3 4293.5 198 203.05 205.4023 -0.6383 5.222 2.788 -1.841 -1.712 8.25 260.949 0.4871 1.597 -2.55 215.5 4525.000 4.778 12.682 7.168 -9.95 181.771 3.325 0.812 -1.9 4243.95 4375.0000 -1.833 -3.155 -0.5 437.4 4353 4251.374 2.429 257 -0.15 212 217.6 220.5 260.05 212.568 1.234 - 0.9159 2.545 -0.097 -1.8140 0.65 266 265 0.4 4391.2 4340.3 4247.1 4515.227 1.9841 2.55 259.969 -1.764 4.7 202.435 2.235 1.7237 -2.25 191 196 196 210.106 0.2871 0.199 -3.163 3.406 -2.123 - 55 0.2 4223.8 185 195 194.5 -2.026 -1.230 -1.103 235 4.013 1.148 -2.097 0.020 -0.912 232 0.229 0.528 186.6 433.28/05/09 29/05/09 1/6/09 2/6/09 3/6/09 4/6/09 5/6/09 8/6/09 9/6/09 10/6/09 11/6/09 12/6/09 15/06/09 16/06/09 17/06/09 18/06/09 19/06/09 22/06/09 23/06/09 24/06/09 25/06/09 26/06/09 29/06/09 30/06/09 Avg.2 210.5 - 1.000 3.4 4530.3502 4584.4 4637.859 1.665 5.209 236.1 211.146 -2.0000 1.032 257 2. Return 436 443.7 436.05 190.4456 -0.55 411.5572 0.173 195 194.7 195 197 194.5 204.618 0.256 1.8 203 203 202.108 228.9 0.511 2.167 7.588 -6.798 2.1 415 447.55 5.5 184.85 418 440 430.258 5.9 444 454 -1.802 1.9 246 5.3 4582.9908 0.1536 -0.7 4657.3 4573.6993 0.7 -1.8 4551.677 -1.4 4427.110 0.141 258 267 261.6750 0.4989 0.594 -3.539 232 -0.799 -2.4884 -2.216 4.879 -4.322 -0.25 -0.405 233.8 4450.6 3.5 198 194 193.397 252 5.1 4314.618 264 1.271 1.140 5.696 -0.252 228.1 -0.05 259.6515 4276.8 422.3759 4478.025 252 -10.1 220 230 229 233.461 2.285 1.

0..123 0.719 3.677 6..516.234 0. 56 .25 20 15 5 0 -5 -10 1/4/2009 6/4/2009 9/4/2009 15/04/2009 17/04/2009 21/04/2009 23/04/2009 27/04/2009 29/04/2009 5/5/2009 7/5/2009 11/5/2009 13/05/2009 15/05/2009 19/05/2009 21/05/2009 25/05/2009 27/05/2009 29/05/2009 2/6/2009 4/6/2009 8/6/2009 10/6/2009 12/6/2009 16/06/2009 18/06/2009 22/06/2009 24/06/2009 26/06/2009 30/06/2009 RETURNS 10 -15 -20 -25 DATE BANK OF BARODA AVERAGE RETURN RISK UNION BANK ITC BANK OF BARODA UNION BANK OF INDIA ITC HUL NIFTY 1. it is clear that the average return is more for Bank of Baroda i.234 and 0.e.142..374 1.123. 6.374 followed by 1.516 3.284 HUL has less risk when compared to other companies i.379 2. 1. 2.e.284 5.077 INTERPRETATION: From the above analysis.142 0. Standard deviation (Risk) is more for Bank of Baroda i.e. ITC has low returns when compared to other companies.

7 212 212.306 237 -8.2 263 259.775 263 1.975 6.75 -7.9 -0.85 2.917 -4.2 0.846 235 4.075 -0.219 226.179 433.5 4469.8 219.198 1.334 2.5 277 273 268.05 -6.059 440 0.065 -1.141 425.5 4347. HUL AND NIFTY FOR THE QUARTER STARTING FROM 1ST JULY 2009 TO 30TH SEPTEMBER 2009 TABLE NO.408 429.8 4081.847 225 -3.8 4565.4 4.1 -0.697 -1. 2 DATE 1/7/09 2/7/09 3/7/09 6/7/09 7/7/09 8/7/09 9/7/09 10/7/09 13/07/09 14/07/09 15/07/09 16/07/09 17/07/09 20/07/09 21/07/09 22/07/09 23/07/09 24/07/09 27/07/09 28/07/09 29/07/09 30/07/09 31/07/09 3/8/09 4/8/09 5/8/09 6/8/09 7/8/09 10/8/09 11/8/09 12/8/09 13/08/09 14/08/09 17/08/09 18/08/09 19/08/09 BANK OF BARODA RETU PRICE RN 452 462 2.296 445 1.732 3.000 2.403 5.715 -1.4 207.710 441.5 199.200 427 6.992 236 5.05 271.383 232.45 267.827 -1.05 231 234 238 238 236 247.770 -4.05 210.588 1.2 -0.021 415 -2.800 5.95 -2.969 0.519 -0.599 1.000 -0.045 424.8 -0.295 -1.847 232.341 3.5 266 269.518 UNION BANK PRIC RET E URN 243 249 2.1 269.8 266.95 3.8 232 228.810 424.522 396 2.148 0.620 4.7 -4.726 241 3.8 -2.338 1.564 -0.861 -2.282 409.335 0.830 375 -5.5 -0.7 4524.076 -1.889 228 -0.427 234.488 427.721 -0.1 223 230.95 221.419 216.111 -0.785 3.262 -2.140 227 -4.076 391.893 -5.8 253 248.340 -0.357 234 -0.892 -0.626 -2.637 385.792 427 0.361 1.859 3.020 -4.15 247.4 3974.85 -2.188 1.815 2.943 -3.752 -3.15 273.656 429.299 1.877 -3.959 0.3 240 233 222 220.943 235 -6.632 4.087 -4.136 427 -4.993 -1.274 4.5 278. UNION BANK.555 .2 4578.5 284 302 278 270 283 291 285.000 236 0.070 0.378 418.8 -1.428 -0.091 -0.3 266.3 192.256 ITC PRIC E 190.444 234 -0.85 264.212 -2.307 438.3 4409.513 228.288 -0.421 0.5 231.054 260 0.606 258 5.4 4591.593 -0.604 NIFTY INDEX 4292.654 218.5 3.3 4429.340 1.9 256.8 4389.125 2.286 -2.976 1.9 4501.551 -1.280 -1.1 4120.538 -0.5 241 234.373 440 3.3 4681 4694.610 0.350 0.338 -7.5 4377.8 RETU RN 1.602 208 -3.8 4458.212 431 -6.590 3.917 -0.25 2.818 437 -2.234 214.303 399.7 2.220 226 -0.8 4223.1 4571.9 4486.5 4457.6 4166 4201.932 442.3 298 289 276.640 409. ITC LTD.451 -3.221 221.911 -0.6 4605.947 -2.8 2.3 -0.930 0.9 6.8 271.153 -1.341 210.541 HUL PRIC E 266.8 217.1 -2.497 433.455 424.6 259 RET URN 2.85 268.85 2.875 -0.3 4373.208 402.377 2.5 214.930 0.959 4.166 214.1 -1.8 -1.9 273.1 -2.7 220.616 -1.840 5.PRICE AND RETURNS OF BANK OF BARODA.9 4078.3 266.426 235 0.4 4003.5 -1.2 1.8 4513.426 234 -0.612 -0.444 -1.678 0.25 223.538 0.492 0.5 202.098 -1.572 -4.823 -0.020 -3.469 245 -1.7 4572.6 4633.187 -1.134 1.566 448 1.9 272 260.691 2.216 445 0.55 269.187 1.154 250 -4.85 191 192.8 57 RET URN 1.5 4231.745 258 7.918 5.878 4.8 4706.154 1.856 440 3.296 1.8 4568.85 -5.858 224 0.188 3.674 434 0.709 0.9 247.5 4435 4473.219 221.182 -2.1 -1.461 2.951 0.

9 456.35 472.055 4.001 1.4 4730.5 0.144 2.2 -5.8 247.956 -0.9 425.739 224.364 - .875 2.476 240.1 245.080 228.618 0.148 232 3.724 266.039 261 2.2 5007.3 -4.752 236.933 259.1 240 247.420 0.322 225 0.85 -1.272 3.9 1.25 -2.391 -0.951 0.271 231.435 4394.5 2.695 0.376 267.2 248 235.024 - 0.308 0.104 261.587 229 -2.8 212 217 218 224 220.440 261 0.848 -0.4 4830.5 2.490 1.186 1.156 1.986 256.151 - -2.461 228 -0.861 -0.2 425 425.2 4624 4608.65 -0.15 -1.046 -0.266 259.643 -0.345 1.380 225.766 0.5 0.474 -3.601 -1.513 0.6 6.45 1.829 -2.3 250 248.9 4662.039 241 1.322 0.9 0.4 4894.367 -1.329 269 0.683 235 3.182 265 0.1 4959.688 271 -1.153 -0.3 3.853 0.011 0.731 236.819 -0.45 434 442.5 2.109 0.068 275.383 0.927 231.132 -2.1 205 211 211.978 -0.197 0.388 259 1.5 4537 4641.9 1.027 262 0.447 2.7 4682.385 3.8 214 210 211 212.678 0.265 0.5 4.1 5020 4977.341 0.95 -0.042 2.65 246.005 -2.626 1.7 433 432.1 223.45 -1.869 230.861 -0.9 433.247 0.000 264.8 4608.25 465.472 -2.145 0.019 0.065 -0.7 431 430. RETUR N 418.330 -0.853 235.761 228.5 4679 4688.9 437.255 205.049 226.201 0.042 232.25 217.55 470 467.219 267.9 4814.040 234 -1.521 0.2 4985.3 -0.106 2.35 483 -1.226 228 -1.7 490 476.358 229 0.357 260.224 231.2 456.092 228 -2.897 2.7 -1.25 227.410 233 -1.902 -1.160 -0.7 4659.455 1.451 -0.9 3.212 -0.674 232 -2.5 -0.15 226.113 256.138 263 -1.480 228 0.4 4808.5 - 0.227 -0.4 4453.208 260 -1.795 1.4 4819.965 1.55 224.9 487.553 258 0.690 -1.306 0.070 264.111 261 3.129 259.010 2.581 -1.9 4804.2 434.092 5.599 2.6 457.429 257.2 -2.379 237 2.9 481.45 474.327 2.422 1.8 2.461 0.904 274.1 1.95 427.95 1.7 4958.870 2.8 215.65 1.555 -0.515 0.252 -3.105 0.5 0.4 4782.437 267 2.20/08/09 21/08/09 24/08/09 25/08/09 26/08/09 27/08/09 28/08/09 31/08/09 1/9/09 2/9/09 3/9/09 4/9/09 7/9/09 8/9/09 9/9/09 10/9/09 11/9/09 14/09/09 15/09/09 16/09/09 17/09/09 18/09/09 22/09/09 23/09/09 24/09/09 25/09/09 29/09/09 30/09/09 AVG.905 -1.621 256.806 -2.6 4964 4977.259 - 58 0.743 2.371 0.875 -1.9 429.9 0.071 0.

Risk is more for Bank of baroda with 3.515 1.364 0.000 -10.000 -6.726 INTERPRETATION: From the above study. 0. for ITC 2.024 for HUL and -0.818. 59 .151 for Bank of Baroda.685 and for HUL the risk is 2. Return is more for ITC i. for union bank.259 3.000 10/7/2009 -2.151 -0.000 25/09/2009 22/09/2009 16/09/2009 11/9/2009 8/9/2009 3/9/2009 31/08/2009 26/08/2009 21/08/2009 18/08/2009 13/08/2009 10/8/2009 5/8/2009 31/07/2009 28/07/2009 23/07/2009 20/07/2009 15/07/2009 -4.011 0. risk is 2.011 for Union Bank of India.000 7/7/2009 0..364 followed by 0.515.818 2.000 -8.8.000 6. 0.e.024 0.036.685 2.000 4.000 DATE BANK OF BARODA - AVERAGE RETURN RISK UNION BANK - ITC - HUL - NIFTY - BANK OF BARODA UNION BANK OF INDIA ITC HUL NIFTY 0.036 2.000 2/7/2009 RETURN 2.

4 5 239.5 0.339 2.040 277.071 1.652 -5.944 240 240.65 554.105 5054.7 -1.802 7/10/09 8/10/09 9/10/09 12/10/09 489 465.9 501.724 -0.167 232.000 1.982 286.3 4993 4945.5 255 0.684 -2.989 6.247 -1.364 -0.5 252 0.9 251.219 -0.5 262.874 4796.281 -2.007 -1. HUL AND NIFTY FOR THE QUARTER STARTING FROM 1ST OCTOBER 2009 TO 31TH DECEMBER 2009 TABLE NO.970 272 2.818 -3.379 -2.059 -3.947 0.7 5159.867 279 -2.4 4986.864 3.041 1.973 286 -0.160 0.143 285.2 519.190 9/11/09 10/11/09 11/11/09 12/11/09 13/11/09 16/11/09 17/11/09 18/11/09 526 515.270 -0.283 253 258 255.2 0.5 -0.35 247 254 -0.193 264.415 -2.213 -6.2 485.9 4882.4 2.706 253 -0.3 492.536 0.000 274.107 -0.075 -0.791 260 257 254.336 291 2.382 -2.117 271.426 0.25 1.565 1.3 5004.250 0.05 -3.000 273.7 5 256. 3 DATE BANK OF BARODA UNION BANK ITC RETU RN HUL PRICE RETU RN PRIC E RETU RN PRICE 1/10/09 5/10/09 476.5 252.050 60 282 282 .5 255.6 249.054 252.639 4970.6 5108.200 5.95 528.000 5031.8 -2.55 520.000 26/10/09 485 -2.5 5.478 0.384 -1.992 -0.517 -2.768 5063.8 275.237 257.495 -0.1 268.1 480 0.000 27/10/09 28/10/09 29/10/09 30/10/09 3/11/09 4/11/09 5/11/09 476.25 -3.641 1.854 3.064 -0.25 -0.422 -1.379 -1.PRICE AND RETURNS OF BANK OF BARODA.1 4712.8 255.9 -1.05 540 542 552.1 488 3.853 295.143 266.95 6/10/09 471.196 277 -2.4 3.1 4751.2 476.367 282.2 4898.745 -4.9 -0.952 2.786 2.335 -1.6 -1.089 4997.370 1.6 5 265 274 266.828 263.627 -1.5 5059 5061.6 3.356 2.533 1.4 4996.259 2.5 0.6 -1.546 3.4 5145.2 5076.157 267.105 5118.9 548.453 6/11/09 528 5.151 5003.95 -1.05 258 255.834 275.4 238.713 0.1 -0.8 1.758 6.842 -1.502 5114.7 262 232.639 15/10/09 16/10/09 17/10/09 20/10/09 501.85 1.222 0.337 268 1.076 3.569 276.950 1.581 -2.142 -0.193 0.304 1.35 541.7 254.5 247.85 490.963 6.5 265 270 264 264 265 261.85 2.840 281 -2.601 2.1 262 278 275.120 273.154 289.452 22/10/09 23/10/09 505 494.760 -0.406 -0.2 285 285 4.122 -1.25 -0.379 -1. ITC LTD.4 4952.5 0.393 -0.9 1.833 14/10/09 496 1.339 6.202 0.811 240 3.814 0.500 249.124 0.422 4.283 21/10/09 507.95 1.543 4.95 -7.976 272.501 -1.1 -0.5 1.2 -1.554 -0.847 5.3 4711.394 279.35 -1.267 -0.853 265 -0.7 5011.195 262 259.000 0.6 4826.8 531 -0.578 4767.561 -0.6 PRICE NIFTY RETUR N INDEX RETU RN 1.45 0.434 1.819 0.993 -3.6 -0.532 -2.073 280 280.3 1.598 -3.396 245 250.2 5 248 257 264 263 257 251 248 249.210 2.629 2.3 4567.9 -0.161 0.3 245 240 243.7 -0.887 -2.987 0.55 517.126 5087.846 0.198 -1.8 254. UNION BANK.891 1.6 1.684 -2.185 2.958 -0.040 0.0 5 250.6 4846.

782 -2.030 5147.1 5117.347 -1.8 0.4 4990.8 253.9 524.745 25/11/09 26/11/09 542.569 275.1 5144.030 2.55 -4.892 21/12/09 22/12/09 23/12/09 24/12/09 29/12/09 30/12/09 509.1 -0.309 -2.338 - 0.2 550 -0.5 280 271.720 3.4 529.824 24/11/09 544.561 -0.4 261.635 270 3.552 250.019 -1.592 268.812 -0.070 9/12/09 520 2.182 -4.389 274.644 31/12/09 514.8 507 507 513.140 0.098 -1.570 266.348 5112.222 2.018 258.926 264 270 -2.756 5005.7 -0.439 27/11/09 530 -3.75 -0.206 5171.9 5068.9 536.731 7/12/09 8/12/09 527 505.865 3.622 270.030 18/12/09 490.5 252 251.9 5 258 263 268.789 -0.241 282.7 269 269.923 -0.8 255.828 0.058 286 286 280 275 1.137 276.508 4.206 0.5 265.038 4983.8 5124.101 0.529 261.091 2.273 278 284.35 -0.263 0.445 -0.147 - 0.240 263.1 255.972 1.1 245.115 -2.075 0.272 0.8 -1.7 0.6 -1.229 -1.842 5108.15 524 489.247 -0.7 -1.188 1.790 5105 1.527 257.5 -1.85 255 3.527 5131.6 5116.542 0.338 5091.5 -0.5 -1.5 5105.648 0.5 5 285.255 1.8 5188.899 273.3 271 0.1 505 4.1 -2.8 5033 5046.166 2.465 277 -0.119 267.287 0.636 30/11/09 1/12/09 2/12/09 3/12/09 529.009 -0.036 -0.015 2.254 1.463 -0.85 0.1 -1.35 -0.4 5136.786 4942.3 5039.608 0.95 -1.5 2.3 255 262.8 5 277 270 269.8 -0.574 2.938 2.361 1.157 -0.9 509.55 3.000 1.211 -5.778 273.8 5180.000 -2.183 270 256.5 274.255 269.5 -0.135 259.985 -3.504 -1.8 277.699 0.577 251.177 0.614 -1.864 -1.65 -0.439 258.778 5044 4988.839 255.708 5042 -0.526 263.035 61 268 .75 -5.352 1.5 0.6 -0.880 -0.5 0.15 -3.19/11/09 20/11/09 23/11/09 532 540 530.309 -1.858 10/12/09 11/12/09 14/12/09 15/12/09 16/12/09 17/12/09 513.776 276.15 0.007 4/12/09 510.113 -4.2 -0.113 0.7 4953.489 -3.9 -0.132 280.909 278.741 3.603 267.477 263.239 269.75 247 0.549 0.5 1.114 -6.8 -1.7 -0.8 254.941 256.243 2.7 2.317 2.459 1.160 1.048 - 0.362 -0.75 -0.293 0.35 -0.5 2.717 257.8 5053 -0.867 -2.227 1.881 AVG.2 5 3.094 1.7 1.75 255.154 -1.203 - 0.7 5122.4 541.426 0.363 0.685 0.85 0.077 258 -0.9 5 269 272 266 266.5 263.5 275.1 0.6 495 510 -1.5 -0.7 250.186 247 -1.626 -0.019 258 1.8 1.035 -1.181 -0.021 -2.1 -0.000 7. RETURN - 0.5 5 272 279 287 280 274.092 -2.094 1.524 259 254.

657.203.836 1.836.048.035 3.718 1. bank of baroda returns are 0.048 0. 62 31/12/2009 24/12/2009 21/12/2009 16/12/2009 11/12/2009 8/12/2009 3/12/2009 30/11/2009 25/11/2009 20/11/2009 17/11/2009 12/11/2009 9/11/2009 4/11/2009 29/10/2009 26/10/2009 21/10/2009 -6 16/10/2009 -4 12/10/2009 -2 7/10/2009 0 1/10/2009 RETURN 4 . it is clear that Union bank has high returns when compared to other companies i.203 0..147. 0.657 1.183.294.294 2.10 8 6 2 -8 -10 DATE BANK OF BARODA AVERAGE RETURN RISK UNIN BANK ITC BANK OF BARODA UNION BANK OF INDIA ITC HUL NIFTY 0. ITC‘s risk is 1. the risk for Union bank of india is 2.277 INTERPRETATION From the above table..183 0. the risk is more for Bank of Baroda i. 3.e. HUL has the return of 0. ITC returns are 0.147 0.e.718. HUL has the risk of 1.

019 0. ITC LTD.05 231 238 233.884 -4.8 251.870 -5.6 5234.2 560 525.500 2.3 4819.2 5226.15 544.132 -1.750 -4.291 -3.065 0.247 -1.5 243 250 253.861 0.303 264.9 260.076 -2.119 2.388 -3.75 243 243.5 257.566 -0.5 240.9 5253.102 253 254.582 0.1 5212.165 0.587 0.75 249 250.485 0.05 245 252 252 248 248 245.8 4755.288 1.55 243.069 -0.359 -0.836 1. 4 DATE 4/1/10 5/1/10 6/1/10 7/1/10 8/1/10 11/1/10 12/1/10 13/01/10 14/01/10 15/01/10 18/01/10 19/01/10 20/01/10 21/01/10 22/01/10 25/01/10 27/01/10 28/01/10 29/01/10 1/2/10 2/2/10 3/2/10 4/2/10 5/2/10 6/2/10 8/2/10 9/2/10 10/2/10 11/2/10 15/02/10 16/02/10 17/02/10 18/02/10 19/02/10 22/02/10 23/02/10 24/02/10 BANK OF BARODA UNION BANK ITC HUL NIFTY PRICE RETU RN PRICE RETUR N PRICE RETUR N PRICE RETU RN INDEX RETU RN 505.55 548.666 0.000 0.000 -1.55 535 525.35 537.4 4856.930 -2.000 -1.5 4863 4866.891 -1.616 3.170 -0.541 1.275 -3.332 -0.865 1.314 -0.5 250.75 256.054 1.55 251 251 242.6 1.9 5277.781 -1.8 5251.15 545.55 540 515.8 265.287 -0.4 230 238.PRICE AND RETURNS OF BANK OF BARODA.2 249.565 -1.019 0.376 0.119 0.273 -3.7 253.602 -0.604 4.485 -0.7 257.4 244.805 -2.4 250 247.244 1.2 5034.45 269 265 268 264 269.229 -1.805 0.597 -6.9 273.408 0.5 5259.000 0.662 -1.842 -0.35 257.264 -2.85 272 265.443 0.5 230.262 -1.7 245.7 263 258.181 -0.115 0.000 5200.3 5263.285 0.557 -1.6 4793 4757.843 0.1 4887.6 266 262 262.253 1.184 1.35 505.1 4907.576 -3.904 0.6 257.75 250.6 5008.55 534.857 0.150 0.225 -1.9 551.1 229.9 568.1 265 253 251.164 -0.143 1.988 -1.5 252.048 -0.1 265.05 248.912 -0.932 -0.826 0.8 258.3 4849.682 -0.978 -0.162 -0.5 237.05 244.3 249.5 250.693 0.55 545.1 266.3 269.554 -0.109 0.457 3.679 -1.475 259.8 4858.2 5281.413 3.531 -0.75 242.2 5278.55 545.7 4712.206 0.5 233.8 263.756 -1.205 0.6 560.391 -0.400 1.2 525.8 259.657 -0.030 -1.8 5264.132 0.75 247.642 0.938 2.7 257 255.75 237.75 264.6 248.327 0.1 5220.8 575 579.957 0.474 4.7 4915.466 0.241 -0.9 258 257 246.000 -3.517 -2.905 0.9 4801.85 580.35 0.180 1.627 -1. UNION BANK.485 -0.258 -1.009 -0.2 269 276 273.1 266.566 -0.6 4869.240 0.773 -1.295 -0.05 252.504 0.5 230.8 575 568.9 560 562.847 -0.881 1.150 0.100 -0.022 0.5 560.853 1.2 5094.85 515.420 0.020 -2.528 -1.000 -1.081 -2.5 256.55 525.218 0.285 1.75 245 3.05 548.796 1.766 3.236 -0.487 -0.5 245 252.267 63 .371 2.493 1.746 1.733 0.55 525.696 0.818 2.7 556.6 242 244 244 244 0.3 571 5.679 0.806 -3.174 -0.999 -1.2 4882.415 -1.566 2.000 3.781 2.75 256 258 253 258.520 0.416 -0.825 -2.2 251.9 4831 4931.528 -0.140 3.279 -2.55 246.315 -1.3 4827.777 0.4 4760.061 -0.881 0.152 2.5 250 250.55 539 576 585.8 238.5 256.168 0.905 -0.487 1.623 -8.7 5274.602 -0.113 -2.378 3. HUL AND NIFTY FOR THE QUARTER STARTING FROM 1ST JANUARY 2010 TO 31TH MARCH 2010 TABLE NO.902 6.431 -1.617 6.978 -1.711 1.85 544.5 251.45 249.739 -3.75 265.419 1.100 0.202 1.020 2.381 0.

1 266.194 5131.8 610 598.360 2.6 236.731 -2.145 5129 227.3 269.118 -0.7 275 279.380 0.8 263 260.6 603.221 -0.9 264.951 -0.9 643.068 1.154 1.330 0.404 5116.9 268.211 1.35 260.987 -0.3 267.516 263 269.567 -0.587 0.8 -3.445 1.15 257 262 266.6 243 0.938 2.5 226.168 4859 239.539 4858.946 1.9 240 0.6 2.458 5260.400 -0.041 -0.965 1.525 0.25 630 620 625 640 639.1 1.1 601.597 5198.076 246 250 0.374 0.255 5080.232 -0.1 235.2 3.506 2.451 - 0.272 0.672 -0.568 -0.15 -1.6 238.1 0.451 5260.701 1.000 -1.092 5101.75 254 257 258.35 0.802 0.000 2.495 1.503 5303 241.5 0.95 258.8 228 1.075 -0.372 5092.5 285.392 3/3/10 4/3/10 5/3/10 8/3/10 9/3/10 10/3/10 11/3/10 12/3/10 15/03/10 16/03/10 17/03/10 18/03/10 19/03/10 22/03/10 23/03/10 25/03/10 26/03/10 29/03/10 30/03/10 31/03/10 AVG.161 2/3/10 589.6 608.5 0.8 221.444 0.4 -1.538 5232.75 264.047 0.400 242.010 1.442 0.5 234 4935.587 1.85 -0.2 259.417 -0.794 1.8 3.181 0.618 -0.652 1.7 272 269.9 248.1 -5.443 0.35 260.656 0.1 -0.4 228.806 2.058 5121.9 226 -1.4 - -0.441 0.082 1.931 258 3.401 5261 228.202 5225.625 1.8 3.451 4.762 0.329 -0.822 0.550 -1.144 -0.548 1.192 0.107 1.217 -0.5 224 -1.1 610.716 -0.016 0.4 269.397 0.9 247 245.2 238 -2.25/02/10 26/02/10 567 573.447 -0.8 239.408 1.8 2.186 - 0.148 1.15 2.234 5134.5 246.3 233.5 292.270 -1.5 618.5 261.361 -0.1 1.4 278 279 285.675 0.75 252.139 5283.626 248.024 .85 0.355 0.8 296.956 3.200 235.9 1.289 0.781 -1.302 0.9 2.4 -3.782 -1.1 602 610 609.95 608.427 5015.2 610.322 0.251 - 0.439 235 0.782 -4.052 -0.951 0.132 1.75 251.119 64 241.814 0.228 0.853 0.6 224.312 0.745 5097 242.146 - -0. RETUR N 608 614.379 5246.75 0.557 1.329 5205.05 264.5 259.

e..411.251 0.030 1. For Union bank of india the risk is 2.451 0. 65 .626.925..451. it is clear that Bank of Baroda has the highest return than the other companies i. ITC‘s return is 0.024 2. Union bank of india has the return of 0.626 1.119. HUL has negative returns i.e. 0.030.925 2.119 -0.251.010 INTERPRETATION From the above table.8 6 4 RETURNS 2 -2 -4 4/1/2010 6/1/2010 8/1/2010 12/1/2010 14/01/2010 18/01/2010 20/01/2010 22/01/2010 27/01/2010 29/01/2010 2/2/2010 4/2/2010 6/2/2010 9/2/2010 11/2/2010 16/02/2010 18/02/2010 22/02/2010 24/02/2010 26/02/2010 3/3/2010 5/3/2010 9/3/2010 11/3/2010 15/03/2010 17/03/2010 19/03/2010 23/03/2010 26/03/2010 30/03/2010 0 -6 -8 -10 DATE BANK OF BARODA AVERAGE RETURN RISK UNION BANK ITC BANK OF BARODA UNION BANK OF INDIA ITC HUL NIFTY 0. Risk is more for Bank of baroda with 2.146. HUL‘s return is 1. ITC‘s risk is 1.411 1.146 0. -0.

576 -7.5 306.353 0.5 295 283 285 291 295 294 14/05/10 676 0.85 240.911 0.000 0.110 -2.42 4 0.261 -1.187 295 296.081 5059.45 3.2 5291.75 0.55 705.702 2.330 ITC HUL NIFTY PRICE RETU RN PRICE RETU RN INDEX RETU RN 293 298.246 -1.248 -0.465 -1.3 5273.058 -2.033 -1.5 287.751 0.350 0.697 -2.403 0.358 -1.446 268.6 240.375 0.325 0.757 -1.7 278 269.820 5249.8 700.612 -3.156 1.6 5189.8 242 227 236.768 1.804 1.674 0.869 -0.016 -0.7 295 291 294.461 -1.4 231.357 0.645 -2.747 0.080 2.1 5308.95 311.5 242.3 5230.3 5248.4 5072.7 286 282.597 -0.9 739.713 -0.408 -0.85 283 284 285.990 -0.695 1.PRICE AND RETURNS OF BANK OF BARODA.55 0.557 2.804 -5.107 -1.436 -0.9 -1.9 236.007 -1.9 239.6 700 683.721 0.25 5254.070 3.673 265.65 303 300 298 296.2 240.182 -0.3 -0.416 -1.55 735 739.621 2.505 1.282 -0.2 5215.068 0.569 0.9 236.951 -0.45 226 226.7 5376.247 5180.35 222.740 295 18/05/10 19/05/10 20/05/10 680 686 701 -0.65 5365.867 -0.377 2.9 740.271 -2.9 710.460 3.337 0.198 -1.457 -0.6 694.267 0.137 0.043 -1.455 240.401 0.356 1.05 267.561 1.804 1.241 0.212 0.7 285 288.339 18.764 2.5 695.4 290.131 -2.295 -1.1 303 RETU RN 0.507 -0.650 310 311.35 239 243.707 2.351 -2.4 5223.547 -0.375 -0.25 246 233.901 3.372 -3.6 301 305.564 0.079 0.025 0.884 1.3 314 296.128 239.561 -0.021 -1.9 690 703 712.55 0.75 -0.521 3.35 5322.75 5157.5 717 705.882 2.651 -1.95 301.63 9 15.952 -1.85 242.557 0.4 5354.55 729.984 -1.327 5093.244 0.751 1.75 311 312 308 307 309 304.7 230 224.667 -0.821 -5.85 5323.746 -0.154 2.5 262.85 682 670.717 -4.976 -0.074 0.609 -4.4 287.294 -0.65 5299.580 -0.629 -3.635 242.196 -6.5 275 260 1.5 690 684.05 284 294.479 -0.7 225.4 5279.7 257 237.5 225 224.017 -0.147 0.334 0.2 5278.35 5124.3 5026.133 0.464 258.4 5369.35 -3.705 1.7 289 279 287.373 2.532 0.188 -5.606 0.545 -0.198 4.806 -3.5 0. 5 DATE BANK OF BARODA UNION BANK PRICE RETUR N PRICE 1/4/10 5/4/10 6/4/10 7/4/10 8/4/10 9/4/10 12/4/10 13/04/10 15/04/10 16/04/10 19/04/10 20/04/10 21/04/10 22/04/10 23/04/10 26/04/10 27/04/10 28/04/10 29/04/10 30/04/10 3/5/10 4/5/10 5/5/10 6/5/10 7/5/10 10/5/10 11/5/10 12/5/10 13/05/10 702 702.105 1.5 314.1 -2.55 5065.633 -2.446 3.1 229.422 0.15 5340. HUL AND NIFTY FOR THE QUARTER STARTING FROM 1ST APRIL 2010 TO 30TH JUNE 2010 TABLE NO.35 -0.273 8.5 228. UNION BANK.096 -0. ITC LTD.148 -1.329 -0.000 0.098 1.55 735.2 231.961 1.75 221.780 66 .05 266 263 -1.639 0.9 5148.2 311.446 -0.615 0.429 -0.909 237.288 2.783 348.8 17/05/10 681 0.952 0.75 5133.1 711 729 730 730 731.493 0.907 2.646 0.221 0.1 4924.6 5269.573 -1.95 313 315 318 320.322 -1.340 0.05 5208.229 -3.05 310.085 -1.3 5302.937 0.011 1.

075 -0.15 311.431 2.6 5132.356 0.923 0.5 5271.271 -1.779 4.362 2.659 -1.253 -3.500 0.160 1.928 1.21/05/10 24/05/10 25/05/10 26/05/10 27/05/10 28/05/10 31/05/10 1/6/10 2/6/10 3/6/10 4/6/10 7/6/10 8/6/10 9/6/10 10/6/10 11/6/10 14/06/10 15/06/10 16/06/10 17/06/10 18/06/10 21/06/10 22/06/10 23/06/10 24/06/10 25/06/10 28/06/10 29/06/10 30/06/10 705 698.8 237 237.186 67 4946.15 260 266.009 .134 -0.362 -1.791 2.85 258.269 -1.9 0.125 AVG.424 -1.301 0.6 267.3 305 301 306 300 302.8 267.5 304.95 5266.15 5112.6 304 305 294.840 1.461 0.049 1.994 1.816 3.05 4999.75 5120.7 264 1. RETURN - -0.168 0.15 5323.417 0.4 260 255 255 259.7 261.7 4944.153 -7.083 -1.337 -0.408 0.570 -2.9 230.734 4.956 0.888 2.465 303.000 1.095 -1.2 266.902 -0.508 0.543 2.243 1.1 252.584 1.239 0.1 304.25 639.654 0.329 -3.052 -0.25 268 271.457 0.734 2.339 3.75 5020.401 -1.95 5316.950 -0.5 257.15 5005.549 1.05 5233.1 236.961 0.05 273.65 304.271 0.504 -2.55 254.2 696.6 5076.146 - 0.243 -0.660 -0.338 -0.815 1.049 0.722 -3.452 1.796 6.9 299 295 294 304 292.1 270.7 292.25 318.965 -0.6 5078.563 -2.556 2.487 0.982 2.5 268 260.989 -0.825 1.041 4.4 267.194 -0.101 -0.75 263.95 233.746 -0.6 5254.1 699 702 698 678.9 254 245 250 262.3 0.35 302.185 -1.801 2.188 -1.3 4945.2 664.311 267 252.627 -3.75 234 245 245 247 255 255 256.25 697 685 660 680 651.353 -3.3 5225.25 667.828 -0.489 -1.127 - -0.5 313.584 0.029 -0.077 3.5 310.586 -0.970 -0.941 -1.5 264 266.285 0.6 710 688.7 307 308 310 306.947 0.063 1.000 0.85 300 295.9 232 232 239.15 5201.9 238.404 -1.1 268 266 264.000 -1.8 268 265.25 4970.702 1.1 5333.418 4.550 2.538 0.533 0.315 -1.165 0.815 0.789 -0.209 0.65 5274.25 676 645 642 0.570 -2.521 -5.398 -1.429 -0.75 1.292 1.948 3.000 3.020 -2.215 0.25 5320.6 270 267.650 3.311 -4.030 -4.717 2.3 4915.401 -3.7 4985.95 5036.200 -2.2 261.701 0.880 -0.842 0.311 1.011 - -0.455 -0.1 5086.000 0.35 264.25 266.197 0.231 -3.326 0.225 -0.207 1.15 649.316 -0.585 0.482 -1.649 -1.623 -0.3 4807.875 -1.5 625.025 0.5 5353.583 0.382 238.571 0.5 645 665 661.141 -2.706 0.1 640 624 629 645.661 -1.571 -0.476 0.

3. ITC has the return of 2. Union Bank of India and ITC have negative returns.127 -0.. it is clear that Bank of india.25 20 15 RETURN 10 5 0 -5 -10 -15 -20 DATE BANK OF BARODA AVERAGE RETURN RISK UNION BANK ITC BANK OF BARODA UNION BANK OF INDIA ITC HUL NIFTY -0.828 3.011 -0.828.009 1.207 INTERPRETATION From the above table.146 0.186 0.784 2. 68 .116 and the return for Bank of baroda is 1.186.784. HUL has the return of 0.714.116 2. the risk is more for Union bank of india i.e.714 1. HUL has the return of 2.

413 -0.299 -0.411 -0.089 -0.4 5369.335 0.164 -2.611 5416.1 5397.921 18/08/10 NIFTY PRICE RETU RN INDEX RETU RN 267 272.8 720 710 715.704 0.35 256.7 268.7 5392.95 263.580 -0.4 256.895 1.291 -9.6 723.667 1.916 158.931 -2.484 0.303 -0.953 330.724 5312.6 -1.6 715 716.4 262.033 324.280 -0.389 314.226 -0.136 -0.75 263.1 5293.564 0.7 5420.5 307 309.192 0.718 253.7 5452.7 4/8/10 5/8/10 6/8/10 9/8/10 10/8/10 11/8/10 12/8/10 13/08/10 16/08/10 17/08/10 778 758.491 0.193 1.271 -0.500 1.194 0.442 0.686 314 -0.816 0.328 3.1 708.721 0.852 -0.2 261.05 347.64 831.227 314 -1.9 5399.123 326 0.2 267.754 312 -0.656 -0.8 266.1 304 303.5 1.5 768.25 0.2 264.8 305 302.1 733.937 0.709 321 -1.312 3.623 0.1 5251.1 1.016 -0.75 309.039 0.2 717 725.1 730 720 715.820 -0.75 253.45 1.45 763 755.5 755.8 5486.145 -0.991 320 0.076 328 -0.65 261.032 12.9 715.6 5420.189 313 -1.9 262.109 69 RETU RN HUL .679 0.067 -0.2 257 250 2.15 764.5 300.035 -0.962 -0.65 257 255.000 1.180 322 -1.769 0.2 5448.210 0.75 262.518 1.95 0.810 0.95 300.007 0.945 322 0.337 0.962 1.5 153 157.888 253.1 0.286 0.6 159 0.155 0.6 267 264.5 266 266.138 313.022 341 10.5 1.2 303.1 3/8/10 778 3.35 714 718.965 1.380 5432.572 265.243 328 1.2 5352.489 0.4 5470.4 0.1 5422.982 -0.293 -0.6 751.6 -0.829 -0.1 311.7 5418. UNION BANK.066 0.896 -0.007 330 0.032 4.923 0.276 0.303 0.750 -1.759 -0.4 300 302 307 305.161 5441.657 -2.25 770 766.095 -0.5 260.4 292 292.400 -0.670 -1.3 -0.3 5439.529 315 -0.191 0.45 156 152.442 335.354 -1.016 320 1.476 -0.195 -0.078 -1.212 -0.276 -0.610 1.066 -0.864 -0.2 260.163 0.283 -2.017 1.786 320 -0.676 326 -1.317 0.501 -2.2 5402 5387.2 5436.903 312.549 161.1 5242 5297.005 315 2.6 772.681 0.227 -1.673 0.140 0.3 722 711.7 5387 5368.085 -0.060 -1.557 1.9 -0.359 1.9 5408.244 0.9 270 -0.PRICE AND RETURNS OF BANK OF BARODA. ITC LTD.6 262.869 2.1 5376.550 0.611 325 1.211 -0.85 266.7 156 159 159.65 -1.318 -0.15 302 299.032 -1.798 -0.9 4.55 4 -0.104 0.150 -0.222 304.15 260 258.431 1.737 -0.8 -2.45 1.070 321 3.297 -0.529 -0.370 325.5 269.3 5237 5236.5 297.95 0.2 0.15 298.3 5370.189 315 0.792 0.613 0.298 0.9 5446.592 -0. HUL AND NIFTY FOR THE QUARTER STARTING FROM 1ST JULY 2010 TO 30TH SEPTEMBER 2010 TABLE NO.75 -0.517 325.106 -0.05 725.210 48.039 1.036 0.494 320.6 712.031 -0.172 154 155.481 1.4 302.1 265.35 708.9 -2.440 321.338 1.909 314.95 0.923 -1.8 5460.053 1.379 -0. 6 DATE BANK OF BARODA UNION BANK ITC PRICE RETU RN PRICE RETUR N PRICE 1/7/10 2/7/10 5/7/10 6/7/10 7/7/10 8/7/10 9/7/10 12/7/10 13/07/10 14/07/10 15/07/10 16/07/10 19/07/10 20/07/10 21/07/10 22/07/10 23/07/10 26/07/10 27/07/10 28/07/10 29/07/10 30/07/10 2/8/10 690.2 5441.557 0.000 323.843 -0.818 0.233 -0.

1 163 160.129 1.55 159.1 6029.85 166 165.5 173.470 0. RETURN - 0.000 -0.039 -0.508 0.679 0.5 339.072 0.1 5980.137 1.353 1.013 -2.086 -0.532 -2.224 -2.2 5541.3 5479.088 1.55 385.1 5959.371 -2.967 1.6 5403.831 -0.013 4.658 -0.340 1.000 -0.6 363 362 356 340 344.013 0.2 372 372 368.5 6008.274 0.191 70 .619 1.3 385 385 383.716 -0.8 306 1.2 272.602 0.803 1.600 -1.527 0.2 264.491 -0.398 - 0.5 165.1 5505.017 2.479 -1.9 5486.874 0.687 -0.556 -0.464 -0.75 370.3 6036.25 270 268.656 2.114 -0.2 5991.55 875 863.670 -1.403 162.85 169 177.7 5885.979 0.8 165.710 1.174 0.512 0.382 3.5 6018.85 275 268 267.263 -0.223 - 0.9 178.480 -1.810 1.957 1.75 180.136 -0.657 -4.85 171.049 2.679 0.836 -0.421 1.029 -0.311 1.357 -0.758 0.462 -0.600 1.314 1.512 0.489 1.1 162 159.4 5991.275 0.19/08/10 20/08/10 23/08/10 24/08/10 25/08/10 26/08/10 27/08/10 30/08/10 31/08/10 1/9/10 2/9/10 3/9/10 6/9/10 7/9/10 8/9/10 9/9/10 13/09/10 14/09/10 15/09/10 16/09/10 17/09/10 20/09/10 21/09/10 22/09/10 23/09/10 24/09/10 27/09/10 28/09/10 29/09/10 30/09/10 837 830 825 826 806 818 831 814 797 806 821 833 829 820.490 3.35 281 278.952 -1.289 -0.7 385.441 1.9 5413.719 0.594 3.35 162.685 -1.145 1.275 -1.612 0.150 2.114 353.1 5489.388 -0.45 1.988 0.2 338 332.134 1.545 -0.85 270 274.95 342 347.620 -1.000 0.513 0.05 376.25 163.233 0.046 -2.15 265 265 263.342 -0.032 1.8 0.25 280 279 278.878 -1.627 2.35 167 167.000 -0.5 267.5 351.274 1.3 164.6 163.785 0.9 5604.563 0.627 AVG.280 1.101 2.3 5608.830 -0.4 1.336 - -0.685 5.3 5540.494 1.5 269.95 177.175 0.8 5531.925 -0.160 -0.142 -0.6 5575.086 -1.237 -3.494 -1.1 5471.359 -0.7 347.861 1.589 -2.123 1.180 -0.9 379.4 178.3 5795.757 2.811 -1.1 5828.272 -1.3 5861.741 2.2 5760.75 294 295 298 304 318 309 307.65 347.607 1.6 5408.551 2.147 0.7 164.726 -0.5 878 878 881 880 0.494 1.655 2.3 5462.633 270.975 -0.101 1.585 5478.55 382.396 -1.594 0.297 0.9 161 164.5 275.9 164.698 -0.430 -0.553 0.834 2.35 174.15 165.568 - 0.05 863 889 870 883 871.1 282.209 -1.8 387.646 -0.890 1.688 1.9 350 345.509 0.192 0.45 359.672 3.3 5639.295 -0.121 -2.066 -1.194 1.503 -1.6 821 839 846 869 876.267 0.605 -2.467 -0.219 0.622 0.

993 1.568.575. The risk for ITC is 6.568.621.429 0.737 INTERPRETATION From the above table.223 0. the return for Bank of Baroda is 1.621.993. -0.20 10 -10 -20 -30 1/7/2010 6/7/2010 9/7/2010 14/07/2010 19/07/2010 22/07/2010 27/07/2010 30/07/2010 4/8/2010 9/8/2010 12/8/2010 17/08/2010 20/08/2010 25/08/2010 30/08/2010 2/9/2010 7/9/2010 13/09/2010 16/09/2010 21/09/2010 24/09/2010 29/09/2010 RETURN 0 -40 -50 -60 DATE BANK OF BARODA AVERAGE RETURN RISK UNION BANK ITC BANK OF BARODA UNION BANK OF INDIA ITC HUL NIFTY 0. Union bank‘s risk is 1. 71 . Bank of baroda has the risk of 1..993.575 1.336 -0.398 0.621 6.568 0. ITC‘s return is -0.e. Union bank has the return of 1.191 1. it is clear that ITC has negative return i.

045 1.353 -0.538 0.PRICE AND RETURNS OF BANK OF BARODA.75 169.333 -0.824 0.330 -0.023.874 -1.787 -1.05 398.35 171.757 2.010 0.7 307 303.348 -1.855 -0.856 0.342 1.182 0.2 307.351 6030.256 -1.222 0.581 2. UNION BANK.640 2.034 0.8 383 390 393 385.524 -0.139 -0.355 2.45 371.25 173.154 0.8 6114.208 -0.605 -1.273 -0.769 0.5 172.252 0.010 1.6 310 303 304 304 299 300.416 0.2 174 177.036 1.014.087 0.35 178 179.736 2.3 402.258 0.748 -2.338 0.15 173.95 0.718 -2.15 945 968.85 171.013 -1.028 -1. 7 DATE 1/10/10 4/10/10 5/10/10 6/10/10 7/10/10 8/10/10 11/10/10 12/10/10 13/10/10 14/10/10 15/10/10 18/10/10 19/10/10 20/10/10 21/10/10 22/10/10 25/10/10 26/10/10 27/10/10 29/10/10 1/11/10 2/11/10 3/11/10 4/11/10 5/11/10 8/11/10 9/11/10 10/11/10 11/11/10 12/11/10 15/11/10 16/11/10 18/11/10 19/11/10 22/11/10 23/11/10 24/11/10 BANK OF BARODA UNION BANK ITC HUL NIFTY PRICE RETU RN PRICE RETU RN PRICE RETU RN PRICE RETU RN INDEX RETU RN 872.9 6121.9 298.5 6151 6186.549 -1.017.037.3 6075.00 1.376 0.414 -1.897 0.6 5946.336 -0.4 6106 6136 6091.543 2.236 1.1 173.2 6286.00 1.427 0.00 1.504 0.674 0.678 0.9 5971.114 -1.4 295.319 -2.519 -6.557 -1.412 0.326 0.414 72 .05 389.389 -0.7 169.45 378 380.7 6159.55 1.8 902 966.2 6092.488 -1.022.25 171.471 -0.064 -1.527 -1.5 177.739 -0.5 6076 6011. HUL AND NIFTY FOR THE QUARTER STARTING FROM 1ST OCTOBER 2010 TO 31TH DECEMBER 2010 TABLE NO.313 2.345 -0.95 1.518 3.240 -0.093 -0.895 0.095 2.491 -0.610 3.8 1.112 1.65 990 976 961.533 1.05 0.402 -1.75 172.9 379 386.9 6112.468 1.50 1.7 176 172 171.9 6113.011 -0.808 0.95 175.848 0.940 0.5 399.169 -0.390 -0.679 2.462 -2.038.493 0.6 6321.982 0.901 -1.655 -1.668 -0.7 308.737 -0.444 -1.6 890 909.5 6003 6008.122 0.174 1.75 374 1.605 178.7 963.502 -0.174 -1.8 1.742 309 311.559 1.763 1.376 -1.9 6143.045 -1.576 0.000 -0.7 994.367 0.623 3.510 0.584 -1.5 175.146 2.4 175.972 0.3 6281 6303.616 -1.645 0.00 1.937 -1. ITC LTD.656 1.2 391 390 384 384.418 -0.657 -0.543 -1.85 305 298 293.9 294.330 1.25 175.769 -1.396 -2.199 0.334 -1.648 -2.991 -0.085 -1.9 399.85 294.193 0.55 306.725 2.3 6144.894 1.288 -1.670 3.925 0.9 173 176.3 6127.713 0.5 295.933 -1.018.65 301.5 6234.330 0.442 -0.9 314.966 -9.00 998 984.9 180 176 176.888 -2.95 394.246 -1.642 3.9 294 304.8 999.035.099 1.75 297 300 305 308 318.6 371.076 -1.85 174.5 6021.023 0.9 173.05 985.6 6150.3 6079.85 296 294.099 -1.984 3.895 7.1 401 404 395 391 387.011 -0.95 388.75 964 970.212 -0.822 -1.1 172.4 6182.9 6335.347 -0.354 -0.4 384.8 172 173.9 922 918.828 0.9 395.934 -0.247 -0.994 2.95 1.023.15 979.615 -2.421 1.2 925.4 6101.7 405 419 414 418 379 384.3 6175.3 6116.040 0.243 -0.058 -0.25 170.9 979.000 -1.2 299.6 299.959 1.55 995.634 -1.041.1 945 966 1.15 397.025 -2.238 1.222 390.852 0.6 6209.821 -1.25 299 300.750 3.1 944.684 0.730 -3.6 296.579 0.295 -1.138 0.25 169.900 1.3 5920.667 0.539 -1.267 -1.50 1.228 -1.457 -1.4 176 177.

35 328.5 324.444 0.9 345 -2.6 5926.15 299 302.500 1.3 6005.904 -0.054 -1.4 6033.917 0.6 170.05 343.953 0.561 0.0158 - 0.506 -2.960 -0.093 1.338 -0.348 363.85 -0.371 0.442 0.132 -0.942 -0.603 2.15 379.003 0.771 -0.374 1.25 893.627 0.4 5924.022 2.2 888 890 902 RETURN 25/11/10 26/11/10 29/11/10 30/11/10 1/12/10 2/12/10 3/12/10 6/12/10 7/12/10 8/12/10 9/12/10 10/12/10 13/12/10 14/12/10 15/12/10 16/12/10 20/12/10 21/12/10 22/12/10 23/12/10 24/12/10 27/12/10 28/12/10 29/12/10 30/12/10 31/12/10 DATE BANK OF BARODA UNION BANK 73 ITC .027 -3.75 168 166.15 297 299.276 0.756 2.662 0.854 1.25 312 322 333.748 -3.5 881.2 6062.209 -3.1 -1.7 5928.000 0.056 -1.694 -1.6 337.9 5940.255 1.5 873.954 -0.327 0.571 0.218 -1.611 -0.807 1.830 2.590 -0.041 -0.294 0.018 -0.117 0.145 -2.946 1.032 2.362 -1.55 172.25 881.978 -0.095 -6.165 - -0.8 994 960.5 171 168.540 -2.25 897.05 294.227 0.5 335 327 334.7 5995.205 3.298 1.225 -1.7 296 295.4 6019 6005.5 890 906 954 964.639 -5.287 0.4 6105.1 5954.385 -4.520 0.597 -1.25 168 167.15 167.917 -0.034 1.388 2.2 350.3 297 295.7 304 310 -0.25 348.45 167.35 917 890.7 168.480 3.552 0.7 169.293 -2.95 294.2 329 323.2 297.798 2.75 169.724 -0.928 -5.347 0.75 291.365 -1.356 -0.268 2.057 -0.4 165.4 300 298.950 0.705 AVG.2 5910.678 -0.6 343.874 -0.7 168.85 321.081 - -0.25 326.6 885 893.514 -2.25 167 168.776 -1.798 5.560 8.178 -1.4 300.050 -0.9 170.983 -0.112 0.695 0.753 1.132 3.728 0.230 -0.037 - 0.137 -0.619 2.365 0.743 1.55 897 908.597 0.8 290 297.3 173.5 172.450 -2.774 -0.566 0.225 1.95 891 886 886.4 6005.401 -4.203 -2. RETURN - 0.234 -1.2 173.119 -0.357 -0.101 172.567 0.640 -0.55 379 369 350.050 1.235 -0.05 326 328.025 10 8 6 4 2 0 -2 -4 -6 -8 -10 -12 1/10/2010 6/10/2010 11/10/2010 14/10/2010 19/10/2010 22/10/2010 27/10/2010 2/11/2010 5/11/2010 10/11/2010 15/11/2010 19/11/2010 24/11/2010 29/11/2010 2/12/2010 7/12/2010 10/12/2010 15/12/2010 21/12/2010 24/12/2010 29/12/2010 935 898.553 -1.404 -0.75 325.6 5790 5811.3 6013.774 1.3 5761 5882.-3.3 296.476 0.6 5871 6023.1 295.396 -0.3 299.6 168 167.292 0.701 2.45 168.9 5960.317 299 299.974 5884 5828.75 171.322 -0.438 2.350 0.161 0.090 -1.7 5931.357 -0.1 6013.269 1.102 1.783 0.5 889.15 293 294.697 -1.

165 -0.0158 0..037 respectively.AVERAGE RETURN RISK BANK OF BARODA UNION BANK OF INDIA ITC HUL NIFTY 0.072 INTERPRETATION: The return for Union bank of india and ITC are in negative i.e. -0.471 1.350 1. Union bank has high risk i.688 1.688 and ITC has less risk i.350..e.081 and for HUL is 0.025 2.e. 1. the return is 0. 74 . 2.165 and -0.037 0. For bank of baroda.349 2.0158.081 -0..

231 -0.1 5717.PRICE AND RETURNS OF BANK OF BARODA.65 272.5 5519.827 1.2 871.352 2.2 157.805 6177.75 817.796 0.8 299.6 5737.274 -1.906 -3.8 157.9 272.4 159.3 5614 5452.441 -0.2 815.4 5656 5692.75 158.462 0.9 154.75 324.944 -2.65 328 339.442 -4.05 172.9 331 324.000 -1.635 2.85 154.032 -1.732 175.426 0.25 869 902 924.928 1.25 318 321.4 342.686 -1.65 160.5 174.553 -1.782 -2.9 315 333.426 3.564 -0.231 -0.765 1.000 0.705 -5.758 -2.154 1.224 -0.003 0.260 -1.528 -1.146 0.5 156 154.6 5430.6 845.942 1.4 5293.75 157. 8 DATE 3/1/11 4/1/11 5/1/11 6/1/11 7/1/11 10/1/11 11/1/11 12/1/11 13/01/11 14/01/11 17/01/11 18/01/11 19/01/11 20/01/11 21/01/11 24/01/11 25/01/11 27/01/11 28/01/11 31/01/11 1/2/11 2/2/11 3/2/11 4/2/11 7/2/11 8/2/11 9/2/11 10/2/11 11/2/11 14/02/11 15/02/11 16/02/11 17/02/11 18/02/11 21/02/11 22/02/11 24/02/11 BANK OF BARODA UNION BANK ITC HUL NIFTY PRICE RETUR N PRICE RETU RN PRICE RETU RN PRICE RETU RN INDEX RETU RN 897.419 -3.85 167.717 -0.264 0.1 5246.7 272 273.715 1.145 -1.310 2.490 -1.039 -1.723 0.451 -2.622 -2.35 -0.073 -0.825 0.371 1.134 2.163 -0.866 -0.8 321.801 0.35 300 297.35 171.2 168.6 326.378 -0.5 279 277 276.9 925 903 900 877.248 310.313 0.808 -0.670 -0.9 855.952 -1.365 -0.418 0.5 321.149 -2. UNION BANK.7 271.1 843.716 -0.057 -1.4 5408.55 321.781 9.076 -0.086 6.286 -1.842 0.006 -3.527 -0.6 306 303.764 3.312 1.523 -0.8 302 303.05 838.75 317.2 169.144 5.5 309.816 0.006 -0.659 -1.95 311 316 318 312.817 -0.260 0.9 312 309.440 0.874 -1.332 -2.626 0.385 -0.05 172.9 5430.374 -1.85 168.499 1.274 2.324 -3. ITC LTD.5 273.969 -4.6 5501.1 324 -2.202 -2.232 -0.1 339.328 -3.579 -2.642 1.275 -3.448 1.832 0.811 1.381 1.905 -2.021 -2.371 2.161 1.5 6172.1 280 279.1 5850.35 178.100 1.1 163.557 0.065 -1.380 -2.3 5768 5800.826 2.345 0.7 158.529 0.597 0.5 352.737 -2.1 1.725 -3.733 0.35 277.769 -1.544 0.6 875 855.8 6141.6 155.3 5469.6 5537.876 1.3 5725.807 -0.015 -1.8 5467.4 320 332 320.727 3.3 5467.616 1.05 331 327.8 907.639 1.95 175 177.108 -1.585 3.3 825 849.05 816 830 829 838 889.624 1.378 -1.5 272.598 0.244 -2.193 -3.2 172.8 -0.402 3.037 0.8 343 347.2 170.257 0.041 -2.136 -1.232 -0.699 -0.750 -3.5 323 319.556 7.470 -2.091 -0.554 -1.388 -0.7 5557.3 -2.120 1.25 310.15 173.246 -2.35 155.637 0.5 852 837.6 5456.5 309.507 -0.7 327.036 -2.540 1.5 302.1 5763.4 176.876 -1.101 -3.55 850 845.738 75 .65 156.2 5432.7 878 878.3 827 831.1 5648.9 282 270 270 271.435 0.95 333.888 -0.2 156.080 5.9 5901.540 -1.6 170.719 -1.461 2.4 180.647 -1.522 351.1 172.075 -0.6 5504.663 -1.4 6107 6030.7 5340.207 0.559 -1.5 847.8 820 818 795.255 0.95 169.883 -2.053 -0.964 -1.15 275.25 272.730 -0.608 0.218 -1.006 -4.75 296.871 2.797 2.8 5682.15 271.772 -1.8 5752.5 158.45 327 339 337.633 -1. HUL AND NIFTY FOR THE QUARTER STARTING FROM 1ST JANURAY 2011 TO 31TH MARCH 2011 TABLE NO.436 1.503 2.015 -2.509 -0.274 3.05 314 320.1 5219.

4 885 895.224 0.05 170.4 5501.431 0.195 1.05 327 333.656 -1.967 0.296 1.621 0.304 1.194 9.181 - -0.030 0.447 2.9 275.674 0.5 5755.703 1.9 890 860.721 -0.95 344.15 912.247 152.273 5321.75 171.027 0.4 5516.8 5803.564 1.579 1.560 -0.5 5586.4 5408.3 5686.647 -0.571 2.748 -0.921 1.133 1.235 0.379 -1.223 -0.859 1.670 0.216 -0.5 333.200 -2.059 -0.331 0.475 -1.167 - -0.9 270 271.408 -0.935 0.588 -1.765 0.5 0.375 0.951 -1.452 0.95 336.1 5466.800 -0.05 903.05 882.4 330 329 336.431 -0.5 179.2 898.854 -1.915 -0.792 1.25 -1.05 339.830 1.171 0.8 275 278.95 330 328.530 -1.7 338.219 0.164 0.5 5420 5476 5455.303 2.087 -0.856 -0.321 2.5 943 941.1 5542.5 330.551 -0.35 334.927 -0.304 1.765 1.4 904.1 270.8 334.557 -0.649 0.038 - -0.1 5456.648 1.857 1.5 169.083 0.85 883.481 -1.478 -0.25/02/11 28/02/11 1/3/11 3/3/11 4/3/11 7/3/11 8/3/11 9/3/11 10/3/11 11/3/11 14/03/11 15/03/11 16/03/11 17/03/11 18/03/11 21/03/11 22/03/11 23/03/11 24/03/11 25/03/11 28/03/11 29/03/11 30/03/11 31/03/11 847.436 1.9 5411.7 172.461 0.408 0.032 -0.8 172 174.05 -3.360 -0.6 168.597 1.111 2.8 5390.2 5490.148 -3.037 0.5 339.381 1.650 1.671 1.65 169.045 -1.25 173.483 -1.235 0.731 1.35 275.55 276.2 5382 5478.327 2.4 5475.821 AVG.326 2.573 -0.748 0.586 -0.6 170 173 175 176.1 269.25 323.85 283.891 1.156 0.357 14.234 -0.2 5436.022 -2.968 1.7 5645.865 -2.069 2.75 279.366 -1.052 1.7 156.55 171.15 345 -4.9 178.289 -9.316 -0.45 170.853 1.694 -1.013 0.95 967.562 -0.700 0.756 1.05 332.8 5588.1 896 902 902.4 892.1 325. RETURN - 0.1 -1.05 170.973 1.858 -0.044 -1.235 1.35 315 321.967 -1.4 278.143 1.5 287 290 286 281 283.75 171.5 268 267.956 -0.917 277.85 969 879.65 168.1 5330.130 0.75 276.2 886 891 905 928.345 0.002 - 0.096 20 15 5 -15 Title BANK OF BARODA UNION BANK 76 ITC 31/03/2011 28/03/2011 23/03/2011 18/03/2011 15/03/2011 10/3/2011 7/3/2011 1/3/2011 24/02/2011 18/02/2011 15/02/2011 10/2/2011 7/2/2011 2/2/2011 28/01/2011 24/01/2011 19/01/2011 14/01/2011 -10 11/1/2011 -5 6/1/2011 0 3/1/2011 Title 10 .15 277.5 179.396 -0.4 171.35 272.147 1.665 310 318.4 269.

181 -0.096 3. it is clear that the returns for Union bank and HUL are negative.314 INTERPRETATION: From the above table.519 1. 1.423 for Bank of Baroda. Risk for HUL is low i.519 and it is higher 3..e.423 2.167 -0.415 1.821 1.038 -0.AVERAGE RETURN RISK BANK OF BARODA UNION BANK OF INDIA ITC HUL NIFTY 0.002 0. 77 .

855 1.339 -2.120 1.5 347.6 272.5 318.571 0.838 1.75 183.758 -0.8 288.979 0.75 343 338.6 824 -0.155 -1.65 189 188.532 0.55 278. ITC LTD.35 950.872 -0.1 5882.489 2.016 0.95 284 284 280.399 -4.631 -2.686 182.1 5448.7 5531.1 190.266 -0.074 -0.649 -0.05 301.9 309 313.3 334.815 -1.392 -1.033 1.9 5884.014 -1.352 -0.1 889 863 850.289 0.989 -0.303 78 .198 -2.260 0.2 338.899 -1.456 -0.45 186.6 5876.111 -1.962 2.520 1.046 0.5 311.448 -1.645 -0.5 5766.673 -0.150 -1.7 5575.7 5567.95 190.099 -0.028 -1.95 309 309.7 5456.132 2.383 -0.629 -0.5 187.55 340.763 -0.95 285.821 0.940 2.3 306 304 309 308.098 1.466 -0.924 3.7 5385.055 0.036 -2.318 -1.529 0.65 186.401 -0.234 -4.823 -0.335 -3.35 193 190.198 3.55 192 194.031 -0.630 -1.324 -0.1 185 190.925 -1.1 279 276 277.75 192.9 273.8 190.9 5689.135 -0.2 5448.6 5886.55 300.268 -0.8 187 183 183.218 0.75 962 950.95 185 185.8 5805.501 2.5 187.704 0.214 0.395 0.350 -0.339 9.697 1.8 0.075 0.169 -0.648 -0.7 859.9 275.144 2.709 -0.184 -1.9 5859.6 5477.8 5824.35 183 182.329 -0.781 -0.073 -1.75 355.7 297 298 299.65 976 980.4 5541.05 -1.779 -2.05 354.5 275.05 183.817 -0.931 -1.312 0.293 -1.55 307.195 4.813 -3.1 5372.519 0.170 349.383 -0.989 2.553 2.463 -2.295 -1.2 5555.9 882 901.312 -5.144 -0.6 185.713 0.945 4.7 5496.4 321 318.2 838 809 822.401 -1.417 -0.5 989.8 5492.769 0.95 348.757 0.204 -2.35 183.656 0.6 276.461 1.95 304.217 -0.800 1.307 -1.05 990.181 0.95 845.4 5716 5786.904 -0.016 0.124 -2.474 1.6 5547.001 0.9 5908 5888.031 -1.5 835.233 -1.006 1.15 286.35 -0.593 0.PRICE AND RETURNS OF BANK OF BARODA.782 -0.8 281.9 351.2 5537.932 -2.919 1.294 0.868 0.508 0.8 342.2 5450.173 -1.205 0.150 -0.328 2.85 339.7 960.261 -1.1 5389.436 2.55 317.9 941. UNION BANK.85 886.396 0.1 342.510 0.7 344 343.05 985.5 992 980.95 190 190.239 -0.139 0.3 190.337 0.281 -0.05 318 320 319.225 -1.1 191.65 855.930 -4.45 184.05 994 945 905.35 281.654 1.9 184.431 0.842 0.773 0. 9 DATE 1/4/11 4/4/11 5/4/11 6/4/11 7/4/11 8/4/11 11/4/11 13/04/11 15/04/11 18/04/11 19/04/11 20/04/11 21/04/11 25/04/11 26/04/11 27/04/11 28/04/11 29/04/11 2/5/11 3/5/11 4/5/11 5/5/11 6/5/11 9/5/11 10/5/11 11/5/11 12/5/11 13/05/11 16/05/11 17/05/11 18/05/11 19/05/11 20/05/11 23/05/11 24/05/11 25/05/11 26/05/11 BANK OF BARODA UNION BANK ITC HUL NIFTY PRICE RETU RN PRICE RETUR N PRICE RETU RN PRICE RETU RN INDEX RETU RN 955.270 -1.382 -0.226 1.558 -1.65 189 0.570 2.000 -1.760 0.05 892.975 1.5 320.75 286.75 190 186.979 -2.396 -0.426 -2.624 -1.85 289.191 -0.9 319 316 324 325.55 275 269.580 -0.899 -0.303 -3.15 959 976 985.259 286 283.461 1.572 0.680 -1.822 -0.95 336.120 1.163 1.95 302 295 291.694 -1.2 5851.4 5782.177 -0.125 -0.222 -0.2 338.222 -1.5 884.225 0.860 1.681 0.497 5835 5842 5923.457 0.863 3.35 873.958 -0.65 276 280.986 -0.761 1.2 876.4 5748 5898. HUL AND NIFTY FOR THE QUARTER STARTING FROM 1ST APRIL 2011 TO 30TH JUNE 2011 TABLE NO.

318 0.145 -0.3 5509.95 310 308.5 309.9 5565.597 0.236 0.4 860 887.361 -0.311 -4.75 323.3 853 851.307 0.7 313 308.968 -0.660 0.211 -0.5 191.512 -0.248 -3.167 -1.103 0.1 194.209 1.3 193.6 191.05 292.928 0.436 0.25 199.05 300 -1.873 0.780 306.542 -0.9 5566.371 -1.120 0.132 -0.026 2.5 194.7 5493.6 311.5 188.016 -1.154 1.713 2.75 193.046 -3.323 -0.288 0.45 322 324.830 1.922 -0.1 192.093 1.25 843.224 - 0.269 - -0.5 5372.95 188 195 192.1 323.65 850.614 -1.025 2.910 3.701 0.646 -0.773 -0.2 5548.035 -1.320 -0.65 298.799 -1.7 5269.036 -2.161 -1.6 5518.4 5441.533 1.649 0.088 0. RETURN - -0.794 0.5 191.7 5504.701 -2.869 1.453 -1.746 -2.728 -0.4 320.910 2.1 5343.1 867.470 1.1 5529.05 321 322.686 0.001 0.7 334 2.032 1.968 3.6 310.9 5485.1 302.618 -2.8 5304.9 318.257 -0.763 -0.4 860.65 -0.5 194.1 304.038 1.940 1.000 0.2 5280.7 865 858.745 -1.436 2.901 -0.25 -0.704 0.867 0.600 -0.479 -0.15 320.807 -4.4 855.3 190.000 1.651 2.75 869.570 0.8 315.781 0.149 3.457 -0.5 0.6 852.75 195.370 0.100 -0.314 0.598 0.487 -1.051 -0.1 850.5 5419.864 5413.6 318.95 318 317.85 311.202 2.1 302.7 5412.503 3.058 79 .862 AVG.1 860 864.6 5494.1 306 319 307.35 322.517 -1.273 4.4 313.140 0.95 306.855 -1.108 3.663 1.647 -1.6 867.723 -1.145 - -0.474 -0.6 864.296 187.762 1.4 185.25 320 322 323 310 318.775 0.161 - 0.928 -0.2 194.560 0.2 5535.6 314.7 316.5 192 193.5 841 842.85 305.625 0.8 5492 5561.95 194.046 0.759 4.9 193.1 861.104 -0.65 311.430 0.3 5523.410 1.25 321.649 -0.452 -0.85 314.206 -0.625 -0.287 -0.970 -1.223 1.1 5469.968 306.670 1.5 185.440 -0.2 319.128 0.85 880 870.284 -0.103 -1.05 881.4 324.125 -0.27/05/11 30/05/11 31/05/11 1/6/11 2/6/11 3/6/11 6/6/11 7/6/11 8/6/11 9/6/11 10/6/11 13/06/11 14/06/11 15/06/11 16/06/11 17/06/11 20/06/11 21/06/11 22/06/11 23/06/11 24/06/11 27/06/11 28/06/11 29/06/11 30/06/11 816.978 0.558 1.9 292.5 5614.9 187.

. 0. Risk is more for Union bank of india i.224 0.e..145 -0.422. ITC has less risk when compared to other companies i. ITC and HUL have positive returns i. 80 .291 1.719 1.269 respectively. it is clear that the returns for Bank of baroda and Union bank of india are negative.161 and 0.e.269 -0.10 8 6 2 29/06/2011 24/06/2011 21/06/2011 16/06/2011 13/06/2011 8/6/2011 3/6/2011 31/05/2011 26/05/2011 23/05/2011 18/05/2011 13/05/2011 10/5/2011 5/5/2011 2/5/2011 27/04/2011 21/04/2011 18/04/2011 -4 11/4/2011 -2 6/4/2011 0 1/4/2011 RETURNS 4 -6 -8 DATE BANK OF BARODA AVERAGE RETURN RISK UNION BANK ITC BANK OF BARODA UNION BANK OF INDIA ITC HUL NIFTY -0..e. 2.291.058 1.422 1.161 0.832 2. 1.020 INTERPRETATION: From the above table.

199 1.832 1.319 1.274 -0.452 -1.1 5554.646 -1.574 0.674 5.036 0.324 0.267 -1.527 -0.85 325.85 195.9 5542.714 1.201 1.928 3.711 1.306 -0.25 198.5 202 198.438 -4.7 5648.5 208.664 -1.600 -2.8 281 275.450 -1.337 1.185 0.060 -0.4 5479 5527.423 0.189 1. HUL AND NIFTY FOR THE QUARTER STARTING FROM 1ST JULY 2011 TO 30TH SEPTEMBER 2011 TABLE NO.000 0.686 -0.352 1.378 -0.213 -2.4 277.224 -3.884 1.765 -0.100 0.5 5588.362 0.5 250 251.75 200.614 -0.844 -2.095 -2.960 -1.75 800.486 0.85 313.862 0.653 -1.459 -0.5 197.75 335.436 0.190 0.537 -0.35 205.15 901 858.752 -0.5 210 207.9 5642.6 5492.334 3.719 -0.722 0.425 -4.662 -0.743 1.319 -0.728 -2.617 5705.6 5577 5633.95 906 896 892.7 325.7 201.921 -5.2 5402 5412.7 203.605 2.3 202 -1.671 -2.970 1.394 -1.6 5659. UNION BANK.947 -4.2 -0.1 5556.75 311 305.2 330 331.922 -0.526 0.564 -0.462 5.55 202.4 299 304.758 293.245 1.564 -1.65 280.966 -1.6 5128 5194.046 -0.4 341 336.015 -0.956 -0.970 -1.320 0.374 -1.55 315.271 -0.45 331 331.05 297.660 0.189 0.136 0.3 325.562 0.225 -6.142 1.736 -0.545 -0.PRICE AND RETURNS OF BANK OF BARODA.214 0.55 304 295.776 -0.724 -1.15 299.782 1.25 202 196 199.8 5569.123 0.85 201.95 300.95 896.95 896 895 902 914.85 320.193 -3.510 -1.9 195 193.1 199.448 -0.9 5622.267 0.95 202.582 -0.504 -0.921 -0.094 0.720 -0.222 2.45 887 882 880.244 0.95 334 332 331.213 1.381 -1.582 2.3 5078 4859.65 332.1 732 0.190 -1.409 -1.621 2.295 -1.104 -0.2 265.818 3.019 0.798 -1.55 275 282 281.860 -0.55 870 897.25 314 318 317.5 204 204.1 275.741 0.888 0.4 5083.915 -1.95 875 860 876 868 853 832 877.5 201.8 5679.152 -2.176 -2.65 330.402 1.75 331.65 252 2.994 0. ITC LTD.8 856.55 332.5 5493.9 845.250 -1.95 314 -0.030 0.509 -7.585 -0.95 263.927 1.550 0.940 -1.465 -0.9 4947.164 -0.229 -0.347 -1.660 0.4 319 316 311 317.347 -0.5 203.048 -0.9 750 745.621 -1.530 -0.139 206.882 6.05 330.296 -1.341 -1.507 -2.8 833.295 -1.200 2.034 0.556 -1.112 0.15 304.371 -1.85 909.1 5569 5603 5581.247 -0.9 203.204 1.8 306 301.4 5734.599 -0.091 0.6 285.7 5633.9 290 290.025 0.467 -2.4 5125.8 297.4 5204.75 297 296 300.762 -4.9 190.7 4925.610 -0.682 81 .35 204.7 329.832 -0.95 882 875.8 5030.1 801.507 -1.322 -1.353 0.2 333.756 -1.177 0.332 0.25 200 204.866 342.885 -0.85 298.166 -0.9 5196.505 -2.913 -1.315 -2.222 -1.85 264.6 873.656 0. 10 DATE 1/7/11 4/7/11 5/7/11 6/7/11 7/7/11 8/7/11 11/7/11 12/7/11 13/07/11 14/07/11 15/07/11 18/07/11 19/07/11 20/07/11 21/07/11 22/07/11 25/07/11 26/07/11 27/07/11 28/07/11 29/07/11 1/8/11 2/8/11 3/8/11 4/8/11 5/8/11 8/8/11 9/8/11 10/8/11 11/8/11 12/8/11 16/08/11 17/08/11 18/08/11 19/08/11 22/08/11 23/08/11 BANK OF BARODA UNION BANK ITC HUL NIFTY PRICE RETU RN PRICE RETU RN PRICE RETU RN PRICE RETU RN INDEX RETU RN 878 879.607 0.203 -1.25 331.684 4.321 1.2 893.5 207 205 202.15 299.1 203.65 315 311.55 300.8 5688.3 4843.025 -1.733 0.5 323.061 -0.5 322.472 -0.5 202.

608 -2. RETURN - -0.9 198 204 206 203 202 203 200.177 -2.111 1.55 320 320 320.590 4.954 3.187 -0.736 1.753 0.256 1.2 732 730 720 736.010 -1.8 4998.544 2.053 0.335 -3.15 202.233 - -0.65 197.021 -5.7 755.864 1.3 757.95 227 229 230.339 AVG.5 242.661 -3.5 4924.193 318.1 232.594 1.980 0.099 4.021 0.855 2.254 -0.203 -1.229 0.2 811.398 -2.989 -2.046 -1.707 -0.789 3.75 202 0.259 4.9 190 193.05 785 1.4 5123.369 0.784 -1.15 329.357 -4.134 247.4 319.2 5161.273 -1.2 4990.122 -3.156 - -0.109 1.55 236.8 4878.4 4914.9 786.829 -1.75 342.000 -1.179 0.111 1.5 347.299 -1.170 -0.371 -2.557 1.649 202.3 253.95 770 801.9 767.7 4839.575 0.073 -0.35 190.534 -0.95 196.430 -3.25 756.581 2.206 1.456 -0.854 -0.2 4973.493 2.35 325.2 5005.188 2.25 339.927 -3.05 769 766.6 248 -1.917 -1.345 0.85 202.9 239.415 3.960 1.201 82 .162 0.638 -4.55 339.85 320 320.2 0.5 245 242.093 -1.9 330.961 -0.390 -0.2 5139.25 336 330.018 - -0.493 0.018 -1.95 245 252.100 -2.4 5068.624 1.55 240.1 331.1 5062.205 -1.8 342.495 -1.2 241.480 -0.7 743 765 759 751.881 0.95 780.449 -0.9 334 339.307 -3.8 198.407 2.4 201.85 354.919 -2.35 199.9 195.25 234.183 1.5 4873.000 0.05 227.782 8.459 -1.078 -0.3 5109.7 196.662 4934.498 1.980 -1.482 0.6 5153.6 346.305 -0.177 -1.319 0.239 1.24/08/11 25/08/11 26/08/11 29/08/11 30/08/11 2/9/11 5/9/11 6/9/11 7/9/11 8/9/11 9/9/11 12/9/11 13/09/11 14/09/11 15/09/11 16/09/11 19/09/11 20/09/11 21/09/11 22/09/11 23/09/11 26/09/11 27/09/11 28/09/11 29/09/11 30/09/11 740 725.746 -2.152 4.609 -1.381 2.606 -0.370 2.1 192.100 0.4 5042.047 0.3 4981.030 0.5 338.6 4905.8 710 702.786 -1.85 200 198 195.205 -1.510 2.125 3.045 -2.8 4965.244 -0.421 -0.1 231.738 1.756 0.052 1.476 2.3 4806.7 4977.184 -0.15 233.503 2.4 238 229 247.6 330 321.95 740 751.3 320.369 5.4 245 234.932 -2.4 5080.8 5054.9 4993.759 -2.55 1.399 -1.232 -0.2 196.473 -1.05 244.683 3.582 4.397 0.003 - -0.826 -1.409 1.172 0.545 -0.723 2.324 -1.

2.432.003 -0.233 -0.e.156 -0.. 83 .e. HUL has less risk when compared to other companies i.201 2.700 1. Risk is more for Union bank of india i..432 1.756 INTERPRETATION: From the above table.206 2. it is clear that the returns all the companies is negative.897 1.10 8 6 2 28/09/2011 23/09/2011 20/09/2011 15/09/2011 12/9/2011 7/9/2011 2/9/2011 26/08/2011 23/08/2011 18/08/2011 12/8/2011 9/8/2011 4/8/2011 1/8/2011 27/07/2011 22/07/2011 19/07/2011 -6 14/07/2011 -4 11/7/2011 -2 6/7/2011 0 1/7/2011 RETURNS 4 -8 -10 DATE BANK OF BARODA AVERAGE RETURN RISK UNION BANK ITC BANK OF BARODA UNION BANK OF INDIA ITC HUL NIFTY -0. 1.018 -0.700.

707 214 217.2 224.8 5217.070 0.35 205.148 -0.568 1.85 820.15 330.799 -0.479 -2.5 243.120 0.972 1.412 1.671 -0.4 5131.5 5086.879 -1.283 2.827 -2.7 4886.583 3.168 1.05 -0.65 247.25 396.275 3.622 0.655 0.6 381.794 -0.75 388.483 -0.65 207.9 330 -1.5 399 391.7 215.6 5325.45 249.9 4779.15 741.912 339.307 1.044 -0.35 196.195 -0.6 794.6 229.7 -1.908 3.6 5114.95 383. 11 DATE BANK OF BARODA UNION BANK PRICE RETUR N PRICE 3/10/11 4/10/11 5/10/11 7/10/11 10/10/11 11/10/11 12/10/11 13/10/11 14/10/11 17/10/11 18/10/11 19/10/11 20/10/11 21/10/11 24/10/11 746.501 -1.2 4873.744 1.402 342.486 -0.257 0.699 -0.8 749 745 761 760.1 729.75 192.219 -2.614 0.955 -2.608 -3.2 785.323 -0.1 200.638 ITC HUL NIFTY PRICE RETU RN PRICE RETU RN INDEX RETU RN 195.75 204 -0.159 1.000 -0.65 202.9 5278.755 3.851 338 333 325.217 -1.842 -0.892 0.600 -0.593 1.768 -0.9 1.523 -4.8 210 212.013 0.2 200.75 694.432 -1.824 1.55 382 377.432 1.1 210.5 252.35 211.990 -0.5 201.746 0.35 210.545 -0.651 -1.1 219.85 255.95 238.744 1.066 2.9 5011.927 0.126 1.517 -1.9 247.320 -1.394 0.6 5106.9 347 351 371.1 216.294 1.416 0.849 4.274 0.544 0.514 0.741 -2.941 0.35 211.6 1.387 -1.PRICE AND RETURNS OF BANK OF BARODA.6 213.1 231.95 221.35 779.013 5215 5341.475 1.085 2.847 -3.387 -2.25 206.3 739 740 743.35 334 326.15 203.5 4707.833 5137.405 -0.7 5159.6 775 824 817.046 1.3 193.788 -1.9 0.5 387.25 765.1 328 329.372 0.852 2.801 -4.5 752.65 211.4 5156.968 0.602 0.793 -1.8 5057.631 -1.1 197.116 -1.147 0.8 -0.15 331 331.65 204.4 4823.268 0.371 -0.519 -3.3 392.5 200 202.1 4899.9 5358.668 1.2 5049.639 -0.587 -2.978 -1.412 -2.8 4794.465 -1.531 -0.2 742 771 795.75 333.15 241 25/10/11 735 -1.454 212 214.318 -1.715 0.250 -0.572 4874.827 -1.197 -0.196 1.204 -4.3 5309.85 216.527 0.5 390.500 2.9 5019.95 389 390.140 -0.1 326.4 384.152 1.306 -0.620 -0.262 0.794 -0.45 1.633 4.550 -0.95 223 218.269 2.498 -1.35 2.2 205.194 1.35 230.05 745 750 747.159 207.191 -2.336 -3.690 -0.604 -0.650 -0.9 743 737.4 5292.071 -2.75 198 201.392 -0.135 0.534 2.75 383.033 2.172 0.613 210 26/10/11 28/10/11 31/10/11 1/11/11 2/11/11 3/11/11 4/11/11 8/11/11 9/11/11 11/11/11 14/11/11 15/11/11 16/11/11 17/11/11 18/11/11 21/11/11 22/11/11 23/11/11 24/11/11 731.95 RETU RN -1.310 0. HUL AND NIFTY FOR THE QUARTER STARTING FROM 1ST OCTOBER 2011 TO 31TH DECEMBER 2011 TABLE NO.8 5241.9 216 204.905 1.393 241.260 1.723 -0.5 4791. UNION BANK.843 -0.2 193.526 0.173 2.7 1.86 3 1.000 -1.8 221 219.713 -3.303 -1.451 0.15 778.5 208 208.415 -5.589 6.380 1.714 2.45 227.812 3.2 5130.5 5080.25 210.434 0.825 1.25 200.302 0.35 329.15 252.153 5.3 4883.000 -0.1 5027.272 -0.484 0.35 204.75 205.158 -0. ITC LTD.633 -2.05 704 704 699.757 3.95 239 232.930 0.330 -2.505 84 .039 -1.422 12.2 5059.9 251.8 331.673 0.290 0.35 750.6 5216.

467 5.765 4731.1 198.3 200.2 4756.55 376.342 -2.449 -3.209 1.264 -3.667 -2.35 395 394.788 1.6 198 185.464 -0.75 414.766 5.185 2.833 2.222 -2.273 2.740 -5.028 1.6 4788.420 211 222.204 -0.9 205.95 221.430 1.207 -2.5 220.221 1.617 -0.164 -1.9 5036.4 395.298 384.946 1.2 4766.938 3.8 4906.6 201.646 1.922 0.6 402 401 410 411.737 0.604 1.853 1.936 0.5 4623.450 -0.278 -1.585 0.95 419 416.742 -0.685 0.05 194.116 -0.089 -0.95 411.8 194.129 1.502 -1.531 1.888 -1.65 195.468 191.95 197.995 -0.568 -1.2 219.7 158.820 -1.200 -2.070 0.362 -0.242 -1.85 1.014 0.496 -0.55 217.4 176 177 174 176.9 742 730 728 735 712 721.7 4712.9 4940.946 0.485 -0.962 -3.55 206 205 204.574 - 0.476 1.308 -0.05 384 395.907 -2.724 -0.05 676 655 683.2 4681.722 0.8 4636.489 -1.285 3.5 393.990 -2.575 -2.5 197.578 -0.2 4635.9 204.25 723.6 704.9 0.95 220 214.266 3.647 1.453 AVG.247 0.034 -0.920 -2.2 4718.505 0.25 200.5 4636.75 382.120 - -0.1 713.596 -0.2 4780.3 4864.9 212.830 0.249 2.422 0.15 385 385.695 1.642 1.9 4763.274 0.5 197.1 205.3 685 648.803 1.55 390.4 4870.729 1.298 0.682 -4.85 714 720 714 732.506 0.270 -0.199 1.836 0.527 -0.65 -0.2 4660 0.1 679. RETURN - -0.719 -3.95 -0.089 1.089 -0.025 -2.024 -3.037 1.443 -2.05 204 203.9 4733.7 199 201.315 -0.251 -3.1 5037.85 195.95 387.5 197.4 203.156 -0.8 671 675 672.840 -0.382 0.711 -0.45 225.403 6.2 166.741 -3.8 4752.4 386.361 - -0.017 -3.032 -0.114 -1.842 -2.35 199 199.013 -0.295 -0.107 4.364 -5.5 396.489 0.95 224.25/11/11 28/11/11 29/11/11 30/11/11 1/12/11 2/12/11 5/12/11 7/12/11 8/12/11 9/12/11 12/12/11 13/12/11 14/12/11 15/12/11 16/12/11 19/12/11 20/12/11 21/12/11 22/12/11 23/12/11 26/12/11 27/12/11 28/12/11 29/12/11 30/12/11 692 739.010 2.274 0.5 5050.063 85 .606 2.451 -2.3 4769.228 3.95 197.016 4.2 4970.4 204.754 0.0565 - 0.328 -2.244 0.1 172 167 162.227 -6.308 0.052 -1.9 741.8 403 393.

0565 0.475 1.574 0.367 3. ITC has less risk when compared to other companies i.475.10 5 RETURN 0 -5 -10 -15 DATE BANK OF BARODA AVERAGE RETURN RISK UNION BANK ITC BANK OF BARODA UNION BANK OF INDIA ITC HUL NIFTY -0..361 -0.063 2. 1.284 1..120 -0.e. it is clear that the returns for Bank of baroda and Union bank of india are negative.607 1. 86 . 3. Risk is more for Union bank of india i.e.284.613 INTERPRETATION: From the above table.

465 2.165 0.5 262 259.9 206.15 205.494 0.333 2.85 199.9 702 685 703 703.959 0.05 199.3 393 388.733 -0.543 -0.85 393.628 -1.8 4775 4749 4724.530 0.05 199 202 204.8 381 -0.674 -0.8 4995 5044.963 -0.480 -4.751 9.169 0.2 393.927 201.329 -2.121 -0.15 179 185.216 0.849 -1.65 253 259.203 0.580 -3.9 388 383 385.039 -0.8 242 239.721 0.1 722.387 0.5 5216.256 2.319 0.107 1.823 1.7 261.988 -1.988 -4.5 396.178 -0.85 394.639 -1.410 -1.447 -0.025 -0.8 5574.113 -0.781 0. UNION BANK.789 1.265 3.05 202.512 1.55 386.PRICE AND RETURNS OF BANK OF BARODA.020 -0.8 5382.9 755 769.634 4.1 174 171.15 399.05 187.936 0.5 202 202.070 -1.1 5276.997 1.9 391 387.6 4747.998 -1.1 5399.369 1.1 203.290 -2.652 -1.639 -2.3 800 806 828. HUL AND NIFTY FOR THE QUARTER STARTING FROM 1ST JANUARY 2012 TO 31TH MARCH 2012 TABLE NO.5 207.8 5460.785 1.5 394 392 391.65 205.000 1.35 210.95 388 384 379.031 -1.277 -0.116 -0.324 -1.206 4.918 3.2 4675.289 0.872 0.501 170.711 0.7 805 789 757 751.523 0.45 207 -0.446 0.701 0.805 1.014 1.377 -0.217 2.062 -0.5 4977.847 -0.628 0.712 1.134 -1.758 -1.5 399.95 821.683 0.4 205.508 1.666 -0.95 203.5 190 195 205.9 744.75 393.4 393.851 0.6 399.601 1.868 -2.247 0.190 -3.9 393.176 4.038 -0.887 0.221 0.55 203.076 1.1 190.95 201.638 -0.75 386 392.15 839.85 209 207.8 5151.769 -0.750 2.35 209.9 242.913 -0.8 175.7 237.331 -0.909 -4.484 -2.477 1.483 0.85 201.514 1.883 4.249 1.273 1.090 2.85 717 722.589 0.623 -1.595 1.767 2.123 -1.6 5513.087 -1.643 -0.15 169.904 -0.259 1.2 205.15 405.95 0. 12 DATE 2/1/12 3/1/12 4/1/12 5/1/12 6/1/12 7/1/12 9/1/12 10/1/12 11/1/12 12/1/12 13/01/12 16/01/12 17/01/12 18/01/12 19/01/12 20/01/12 23/01/12 24/01/12 25/01/12 27/01/12 30/01/12 31/01/12 1/2/12 2/2/12 3/2/12 6/2/12 7/2/12 8/2/12 9/2/12 10/2/12 13/02/12 14/02/12 15/02/12 16/02/12 17/02/12 21/02/12 22/02/12 BANK OF BARODA UNION BANK ITC HUL NIFTY PRICE RETU RN PRICE RETU RN PRICE RETU RN PRICE RETU RN INDEX RETU RN 670.25 407.120 -0.4 391.1 5379.048 0.948 -0.222 -0.5 5413 5343.952 1.499 4640.024 1.2 734 764 755 753 782 782.6 394.926 5.9 232.2 4755.8 5343.5 199.637 0.644 -0.1 5380.347 0.85 171.2 5561.291 0.5 172.568 2.577 -1.973 1.6 5125.619 3.4 758.434 -0.860 87 .742 1.935 5.206 -0.65 790 785.632 5.940 2.2 4841 4862 4844 4904.390 0.267 -1.456 0.635 2.147 -0.096 -0.953 1.188 0.3 393.8 5163.349 1.170 0.9 203.85 203.95 704.35 269 1.95 170.423 0.711 0.1 206.6 4771.75 396.217 1.646 1.5 204.9 731.8 0.75 389 385.826 -1.95 214 205 214 216 228.9 260 253.508 -0.7 852 870 863 875.787 -0.15 203 204.420 0.991 0.3 5198.422 1.05 239.342 1.534 2.197 0.510 1.8 202.65 202.615 3.25 405.422 2.998 -0.851 -0.587 3.1 671.5 201.328 -0.9 5025.878 0.9 4863.870 3.459 -1.941 2.056 -0.651 0.9 5609.85 699.569 0.2 5272.754 408.35 202.95 194 189 186.6 203.971 -0.109 -1. ITC LTD.736 -0.411 -2.442 -0.451 0.4 5064.276 4.929 -0.

1 5342.65 210 211. RETURN - 0.85 226 224 224.6 5266 5207.05 205.05 242 240.9 216 221 217 216.731 -1.85 208.860 -3.122 -0.95 229.241 -0.355 3.75 388.015 - 0.542 -1.355 -1.433 -1.010 -4.75 -8.010 3.5 381 384.85 383.199 -0.639 1.95 247.95 860 844 812.5 5380.1 5255.536 1.386 -0.95 -6.179 AVG.218 -0.429 0.366 -2.1 206.177 - 0.9 817.087 0.783 -1.693 0.295 -0.990 0.846 -0.035 -3.896 -1.019 -0.7 389.045 -1.705 -2.616 1.656 -1.109 0.356 -0.017 0.6 0.326 -1.163 -7.55 411 409.3 225.25 217 220.307 3.276 0.721 -1.611 -0.905 245.894 -0.972 0.15 379.102 -6.655 0.064 -0.5 5360.23/02/12 24/02/12 27/02/12 28/02/12 29/02/12 1/3/12 2/3/12 3/3/12 5/3/12 6/3/12 7/3/12 9/3/12 12/3/12 13/03/12 14/03/12 15/03/12 16/03/12 19/03/12 20/03/12 21/03/12 22/03/12 23/03/12 26/03/12 27/03/12 28/03/12 29/03/12 30/03/12 819.616 0.6 207.15 389.886 -1.274 -1.4 207 210 212 208.504 -0.024 -0.8 415.9 391 395.957 2.202 1.723 0.2 5448.595 -0.040 0.095 -0.6 210 212.856 1.885 0.590 1.434 2.126 2.2 404 396.95 820.028 0.4 5337.8 383.4 804.877 -1.4 5243 5231.952 -1.15 210.447 2.7 229.1 205.755 3.503 0.501 -1.526 2.85 380.786 -2.134 -0.215 -1.024 0.709 1.65 226.967 0.4 5257.648 -1.087 -0.286 1.7 5274.6 245 234.191 1.5 379.95 220 219.672 2.9 795.449 0.45 223.45 839 832.049 0.288 1.303 1.026 0.238 -1.7 5146 5206.369 -0.671 1.535 208.1 5490.175 -0.146 1.231 -2.756 1.1 5479.15 211 207.548 -0.65 381.1 789.810 -0.120 0.336 6.5 231.9 227 239.227 -1.6 223.1 381.1 5420.05 794 795 812 790 804.1 395.6 5462.567 -2.621 0.2 5267.119 1.5 403 404.2 5361.05 380 380.138 -2.589 -5.511 -1.363 -0.1 5391.2 -1.9 823 831 838.95 762 814.509 -1.268 377.438 5490.65 382.760 -1.25 387.639 0.769 4.394 -0.95 779 771.341 -0.45 252.282 1.025 2.318 3.380 -0.997 -0.222 4.75 798.1 5294.652 0.394 -0.647 5.029 1.6 -2.050 -4.382 2.1 5310.3 217.5 5425 5366 5369.253 - 0.381 0.7 221.4 223 223.55 232.315 -1.309 5.190 88 .9 244.95 233 230 232.55 241.399 -0.960 -0.95 804.323 0.530 - 0.223 0.45 810 801.799 -1.155 -1.

231.397 3.e.190 2.373 and it is less for ITC i.530 0.177 0.e.179 INTERPRETATION: From the above table.253 0.519 1.. for union bank 0.253.177 and for HUL the return is 0. 89 .530 for ITC 0.015. risk is more for Union bank of India i.373 1.12 10 8 6 2 30/03/2012 27/03/2012 22/03/2012 19/03/2012 14/03/2012 9/3/2012 5/3/2012 1/3/2012 27/02/2012 22/02/2012 16/02/2012 13/02/2012 8/2/2012 3/2/2012 31/01/2012 25/01/2012 20/01/2012 17/01/2012 -6 12/1/2012 -4 9/1/2012 -2 5/1/2012 0 2/1/2012 RETURNS 4 -8 -10 DATE BANK OF INDIA AVERAGE RETURN RISK UNIN BANK ITC BANK OF BARODA UNION BANK OF INDIA ITC HUL NIFTY 0.015 0.. 1. 3.231 1. it is clear that the return for Bank of baroda is 0.

2.... During the year 1st April 2011 to 31st March 2012. the return and risk is high for Bank of Baroda i.e.e. from 1st April 2009 to 31st March 2010. the following findings have been drawn.533 and ITC has highest risk i. 11.e. 1. Bank of Baroda has highest return i.539. Union Bank of India has more negative returns when compared to the other companies. ITC and HUL. 4.. 0. 0.642 and the risk is high for Union Bank of India i. Union Bank. All the companies have negative returns in some quarters.e.e.862.e. 90 .. return is high for HUL i.FINDINGS From the analysis of the stock of Bank of Baroda. 5. 11.. 3. During the first year of the study i. 2.159 and risk is 15.648. During the year 1st April to 31st March 2011.

Risk is also high in case of Banking industry.. 3. Return is less for ITC during the study period. it‘s return is high when compared to the other companies. 4. Returns of banking industry are more.CONCLUSIONS 1.e. Risk is high for Union Bank of India and it is low for HUL. 2. 91 . During the study period of the three years from 1st April 2009 31st March 2012 Bank of Baroda is performing well i. 5. FMCG sector has less risk and less returns. Banking industry is performing well than the FMCG industry during the study period.

it would still be recommended that instead of going ahead only on the basis of risk and return. When the investor is investing in the different commodities. its marginal contribution to the portfolio‘s risk and return is more important than its individual security characteristics. 3. The investment should be done in the bench mark indexes to get an ―efficient‖ portfolio in such a way that no other combination of these indexes would result in a portfolio with a higher return for a given level of risk. Even at this juncture. It is not advisable to apply just procedure or approach for all situations at least when it comes to investments though the used measures are highly reliable in the studies done on similar veins. that this is not a fully efficient portfolio because information about correlations among individual securities within an index and across the indexes is lost in the transition from individual securities to the benchmarks that represent them. 4. sector impact. other indicators like new projects. however. 92 . individual sentiments about companies etc besides ‗common sense and intuition‘ may also be looked into.SUGGESTIONS 1. 2. It should be emphasized.

com 93 . Published by Dorling Kindersley (India) Pvt. Publication: Pearson education.com  www.com  www.com  www.. The Indian Financial System (second edition) by Bharati V.moneycontrol. licensees of Pearson Education in South Asia. Security Analysis and Portfolio Management (sixth Edition 1995) by Donald E.valueresearch.businessline. Fisher and Ronald J.in.BIBLIOGRAPHY Books: 1. 2.com  www.indiatimes. 3.yahoo.nseindia.finance.com  www. Pathak. Jordan. Security Analysis and Portfolio Management by Khan and Jain. Websites  www. Ltd.economictimes.