You are on page 1of 91

A PROJECT REPORT ON

“CAPITAL MARKET ON BANKING &IT SECTOR”


Undertaken at

“KOTAK SECURITIES”
A Final Project Submitted
in partial fulfillment for the award of the Degree of Master of
Business Administration

SUBMITTED BY
T.RAJENDRA PRASAD

VILLA MARIE P.G.COLLEGE FOR WOMEN


OSMANIA UNIVERSITY,
HYDERABAD-500007
(2008-2010)
DECLERATION

I hereby declare that the project work entitled “Capital market”


with specific reference to kotak securities. Submitted by me to the Department of
Business Management, Villa Marie P.G. College for Women is a bonafied work
undertaken by me and it not submitted to any other university or institution for the
award for the award for any degree diploma/ certificate or published any time before.

Place: Signature of the student

Date:
ACKNOWLEDGEMENT

Accomplishment of any work involves many people and this project is no exception. I
take this opportunity to express my heartfelt thanks to all those who have directly or
indirectly contributed to make this Project a success.

I am indebted to the Management of Kotak securities, for providing me the opportunity to


carry out the Project work in their esteemed organization.

I take this opportunity to express my heartfelt thanks to Mr. A. SRIDHAR and the entire
Equities team at kotak for their cooperation and support during the project.

In parallel I would like to thank Ms.shruthi, faculty, Villa Marie P.G. College For
Women for her suggestions in preparing the project.

At last, I would like to thank my family and friends of my college for the help and
cooperation extended in this endeavor of mine.

ABSTRACT
The project discusses the analysis and interpretation of capital market on banking and it
sector.

A package of capital market reforms has been introduced since Nawaz Sharif became
Prime Minister of Pakistan in Feb 1997. The new government wants to build vital capital
markets in Pakistan. The new policy addresses demands made by the Kotak securities,
including the abolition of taxes that discouraged equity investors. Pakistan lacks a
domestic mutual fund management industry, which is vital for stock market growth.
Improving your understanding of the North American and European banking industries
with our large scale primary research study- Profit from better understanding of which
areas banks look to outsource- Use this market segmentation to position your offering
relative to market demands and competitors.

TABLE OF CONTENTS
Sl. No. Topics Page No.

1 INTRODUCTION 1

• Introduction 2
• Need 2
• Scope 3
• Objectives 4
• Research Methodology 4
• Limitations 5

2 REVIEW OF LITERATURE 6

• Definition 7
• Uses 7
• Advantages 8
• Participants in capital market 15

• Banking sector 19
Axis bank
HDFC
ICICI
• IT sector 34
Satyam
TCS
Infosys

3 Company Profile 44

4 Data analysis & Interpretation 58

5 Finding & Conclusions 77

6 Suggestions & Recommendations 80

7 Bibliography 82
1

INTRODUCTION
2

INTRODUCTION

Investment may be defined as an activity that commits funds in any financial form in the
present with an expectation of receiving additional return in the future. The expectations bring
with it a probability that the quantum of return may vary from a minimum to a maximum. This
possibility of variation in the actual return is known as investment risk. Thus every investment
involves a return and risk.

Investment is an activity that is undertaken by those who have savings. Savings can be
defined as the excess of income over expenditure. An investor earns/expects to earn additional
monetary value from the mode of investment that could be in the form of financial assets.

NEED OF THE CAPITAL MARKET

• Return-the potential return possible from an asset.

• Risk-the variability in returns of the asset form the chances of its value going down/up.

• Liquidity-the ease with which an asset can be converted into cash.

Investors tend to look at these three characteristics while deciding on their individual
preference pattern of investments. Each financial asset will have a certain level of each of these
characteristics.
3

Scope of the capital market

Mumbai: Expressing an optimistic view on the state of Indian stock


market, the new SEBI (The Securities and Exchange Board of India)
Chairman M Damodaran said there was a scope to improve regulation and
institutional mechanism to protect interest of investors.

Soon after his arrival to the financial capital of the country from New Delhi,
Damodaran termed his new assignment as the head of capital market
watchdog SEBI as "challenging".

Asked about the room for improvement in regulation and organization


(SEBI), Damodaran, who played crucial role in turning around Unit Trust of
India (UTI), said there is always scope to improve institution and system, he
told sources in Mumbai.

However, it was too early to speak about specifics before studying issues
and taking charge, he said.

Damodaran was appointed SEBI Chairman last night in place of G N Bajpai,


who is retiring today after a three-year stint.

He is expected to take charge later in the day. Referring to his current


assignment as Chairman and Managing Director of Industrial Development
Bank of India, Damodaran said he would handover charge to the senior
most executive of the banking entity.

The merger of IDBI bank with IDBI and business growth would move ahead
as organization has pool of quality talent, he added.
4

OBJECTIVES OF THE STUDY

• To understand what Equity markets are.

• To understand the performance of few Indian industry sectors viz. Software & Banking.

• To understand the performance of few Indian companies of the above two sectors.

• To make comparative analysis of inter and intra sectors, basing on past Three months data
(November ’09-January ’10).

• To evaluate the investment prospects of these companies.

RESEARCH METHODOLOGY:

Research design or research methodology is the procedure of collecting, analyzing and interpreting
the data to diagnose the problem and react to the opportunity in such a way where the costs can be
minimized and the desired level of accuracy can be achieved to arrive at a particular conclusion.

The data that is used in this project is of secondary nature. The data is to be collected from
secondary sources such as various websites, journals, newspapers, books, etc., the analysis used in
this project has been done using selective technical tools. In Equity market, risk is analyzed and
trading decisions are taken on basis of technical analysis.

Sample size of the industry sector: 2 sectors (software & Banking)

Sample size of the companies in each sector: 3.

METHOD OF CALCULATION:-

The Data taken for the 2 sectors is 3 months Data (i.e.) 5th Nov 2009 – 05th Feb 2010. The
data for calculation purpose is taken on weekly basis starting from Monday. The formulae used for
calculating percentage change is
5

Formulae:

CURRENT WEEK – PREVIOUS WEEK /PREVIOUS WEEK * 100

The methodology used in the study for the completion of the project and the fulfillment of the
project objectives, is as follows:

• Market prices of the companies have been taken for the years of different dates, there by
dividing the companies into 5 sectors.

Sources of the data:

Primary data:

The primary data information is gathered from kotak securities final polis by interviewing kotak
securities executives.

Secondary data:

The secondary data is collected from various financial books, magazines and from stock lists of
various newspapers, web sites and kotak securities as part of the training class undertaken for
project.

Limitations of the study:

• This study has been conducted purely to understand for capital market investors.

• Construction of capital is restricted to two companies based on banking sector and IT


sector.

• Very few and randomly selected scripts / companies are analyzed from BSE listings.

• Detailed study of the topic was not possible due to limited size of the project.

• There was a constraint with regard to time allocation for the research study i.e. for a period
of 45 days.
6

REVIEW
OF
LITERATURE
7

Definition of Capital Market (Equity market):

Capital Market

Capital Market is the market from where individuals, companies and govt. can long term
financing by engaging in buying and selling of securities. Capital Market comprises of Primary
Market and Secondary Market. In primary market, newly issued stocks and bonds are exchanged
and in the secondary market trade of existing stocks and bonds take place.

Capital Market can be divided into Bond Market and Stock Market. In Bond Market, buying and
selling of newly issued and existing bonds takes place. In Stock Market, exchange of newly issued
and existing shares or stocks is carried out.

The participants of capital market are mainly those who have a surplus of funds and those who
have a deficit of funds. The persons having surplus money want to invest in capital market in hope
of getting high returns on their investment. On the other hand, people with fund deficit try to get
financing from the capital market by selling stocks and bonds. These two kinds of activities keep
the capital market going

Capital Market is characterized as the provider of long-term financing. The instruments used for
this long-term financing are equity instruments, insurance instruments, derivative instruments and
especially bonds.

By investing in shares, investors basically buy the ownership right to the company. When
the company makes profits, shareholders receive their share of the profits in the form of dividends.
In addition, when company performs well and the future expectation from the company is very
8

high, the price of the company’s shares goes up in the market. This allows shareholders to sell
shares at a profit, leading to capital gains.

Investors can invest in shares either through primary market offerings or in the secondary
market.

The primary market has shown abnormal returns to investors who subscribed for the public
issue and were allotted shares.

Advantages

• Stock Exchange:

1. In a stock exchange a person who wishes to sell his security is called a seller, and a
person who is willing to buy the particular stock is called as the buyer.

2. The rate of stock depends on the simple law of demand and supply.

3. If the demand of shares of company x is greater than its supply then its price of its
security increases.

4. In Online Exchange the trading is done on a computer network. The sellers and buyers
log on to the network and propose their bids.

5. The system is designed in such ways that at any given instance, the buyers/sellers are
bidding at the best prices.

6. The transaction cycle for purchasing and selling shares online is depicted below:
9

Investment avenues:-

There are a large number of investment avenues for savers in India. Some of them are
marketable and liquid, while others are non-marketable. Some of them are highly risky while some
others are almost risk less.

Investment avenues can be broadly categorized under the following heads:

1. Corporate securities

• Equity shares.

• Preference shares.

• Debentures/Bonds.

• Derivatives.

• Others.

Corporate Securities

Joint stock companies in the private sector issue corporate securities. These include equity
shares, preference shares, and debentures. Equity shares have variable dividend and hence belong
to the high risk-high return category; preference shares and debentures have fixed returns with
lower risk.

The classification of corporate securities that can be chosen as investment avenues can be depicted
as shown below:
10

Equity Preference Bonds Warrants Derivatives Debentures


Shares shares

• Equity shares

By investing in shares, investors basically buy the ownership right to the company. When
the company makes profits, shareholders receive their share of the profits in the form of dividends.
In addition, when company performs well and the future expectation from the company is very
high, the price of the company’s shares goes up in the market. This allows shareholders to sell
shares at a profit, leading to capital gains.

Investors can invest in shares either through primary market offerings or in the secondary
market.

The primary market has shown abnormal returns to investors who subscribed for the public
issue and were allotted shares.

Stock Market:

In a stock exchange a person who wishes to sell his security is called a seller, and a person
who is willing to buy the particular stock is called as the buyer. The rate of stock depends on the
simple law of demand and supply. If the demand of shares of company x is greater than its supply
then its price of its security increases.

In Online Exchange the trading is done on a computer network. The sellers and buyers log
on to the network and propose their bids. The system is designed in such ways that at any given
instance, the buyers/sellers are bidding at the best prices.
11

The transaction cycle for purchasing and selling shares online is depicted
below:

Member/ Member/
Broking Broking
firm. firm.
Client Stock Exchange Client

(BSE / NSE)

Transa
ction Cycle

• Preference shares:-

Capital stock which provides a specific dividend that is paid before any dividends are paid
to common stock holders, and which ownership in a company, although preferred stock
shareholders do not enjoy any of the voting rights of common stockholders. Also unlike common
stock, preference shares pay a fixed dividend that does not fluctuate, although the company does
not have to pay this dividend if it lacks the financial ability to do so. The main benefit to owning
preference shares are that the investor has a greater claim on the company's assets than common
stockholders. Preferred shareholders always receive their dividends first and, in the event the
12

company goes bankrupt, preferred shareholders are paid off before common stockholders. In
general, there are four different types of preferred stock: cumulative preferred, non-cumulative,
participating, and convertible. Also called preferred stock.

• Bond:-

A debt instrument issued for a period of more than one year with the purpose of raising capital
by borrowing. The Federal government, states, cities, corporations, and many other types of
institutions sell bonds. Generally, a bond is a promise to repay the principal along with interest
(coupons) on a specified date (maturity). Some bonds do not pay interest, but all bonds require a
repayment of principal. When an investor buys a bond, he/she becomes a creditor of the issuer.
However, the buyer does not gain any kind of ownership rights to the issuer, unlike in the case of
equities. On the hand, a bond holder has a greater claim on an issuer's income than a shareholder in
the case of financial distress (this is true for all creditors). Bonds are often divided into different
categories based on tax status, credit quality, issuer type, maturity and secured/unsecured (and
there are several other ways to classify bonds as well). U.S. Treasury bonds are generally
considered the safest unsecured bonds, since the possibility of the Treasury defaulting on payments
is almost zero. The yield from a bond is made up of three components: coupon interest, capital
gains and interest on interest (if a bond pays no coupon interest, the only yield will be capital
gains). A bond might be sold at above or below par (the amount paid out at maturity), but the
market price will approach par value as the bond approaches maturity. A riskier bond has to
provide a higher payout to compensate for that additional risk. Some bonds are tax-exempt, and
these are typically issued by municipal, county or state governments, whose interest payments are
not subject to federal income tax, and sometimes also state or local income tax

• Warrants:

A certificate, usually issued along with a bond or preferred stock, entitling the holder to buy a
specific amount of securities at a specific price, usually above the current market price at the time
of issuance, for an extended period, anywhere from a few years to forever. In the case that the
price of the security rises to above that of the warrant's exercise price, then the investor can buy the
13

security at the warrant's exercise price and resell it for a profit. Otherwise, the warrant will simply
expire or remain unused. Warrants are listed on options exchanges and trade independently of the
security with which it was issued. Also called subscription

• Derivatives:-

A financial instrument whose characteristics and value depend upon the characteristics and
value of an underlier, typically a commodity, bond, equity or currency. Examples of derivatives
include futures and options. Advanced investors sometimes purchase or sell derivatives to manage
the risk associated with the underlying security, to protect against fluctuations in value, or to profit
from periods of inactivity or decline. These techniques can be quite complicated and quite risky.

• Debentures:-

Unsecured debt backed only by the integrity of the borrower, not by collateral, and
documented by an agreement called an indenture. One example is an unsecured bond.
The Definition Debentures or the Definition of Debentures can be given in many ways.
A Debenture is a Debt Instrument, which is not backed by Collaterals. Debentures are
backed by the creditworthiness and reputation of the Debenture issuer.

Collaterals

Collaterals are assets or properties which are provided to secure a loan or any other type of credit.
If there is a default, Collateral is a subject of seizure. Collateral is a type of security provided to the
lender if there is a default on behalf of the borrower in repayment of loan. For instance, if a person
takes a mortgage loan, the Collateral would be his house.

A Debenture is a long-term Debt Instrument issued by governments and big institutions for the
purpose of raising funds. The Debenture has some similarities with Bonds but the terms and
conditions of securitization of Debentures are different from that of a Bond. A Debenture is
regarded as an unsecured investment because there are no pledges (guarantee) or liens available on
14

particular assets. Nonetheless, a Debenture is backed by all the assets which have not been pledged
otherwise.

Normally, Debentures are referred to as freely negotiable Debt Instruments. The Debenture holder
functions as a lender to the issuer of the Debenture. In return, a specific rate of interest is paid to
the Debenture holder by the Debenture issuer similar to the case of a loan. In practice, the
differentiation between a Debenture and a Bond is not observed every time. In some cases, Bonds
are also termed as Debentures and vice-versa.

If a bankruptcy occurs, Debenture holders are treated as general creditors.

The Debenture issue has a substantial advantage from issuing a Debenture because the particular
assets are kept without any encumbrances so that the option is open for issuing them in future for
financing purposes.

Usually, Debentures are categorized into the following types and their Definitions are
also given below:

Convertible Debentures: This is a debenture which can be converted into some other type

of securities (for example stocks).

Corporate Debentures: Corporate Debentures are Debentures issued by companies and


they are insecure in nature.

Bank Debentures: This type of Debentures is issued by banks.

Government Debentures: These include Treasury Bond (T-Bond) and Treasury Bill (T-

Bill) issued by the government. They are usually regarded as risk-free investments.

Subordinated Debentures: This is a particular type of Debenture, which ranks below


regular Debentures, senior debt, and in some instances below specific general creditors.

Corporation Debentures: Corporation Debentures are issued by various corporations.


15

Exchangeable Debentures: They are like Convertible Debentures, but this Debenture can
only be converted to the common stock of a subsidiary company or affiliated company of the
Debenture issuer.

Also, there are some other types of Debentures, such as Senior Debentures, Secured
Debentures, Exchange Debentures, Secured Convertible Debentures, Convertible Senior
Debentures, Unsecured Convertible Debentures, Subordinated Convertible Debentures,
Senior Secured Convertible Debentures, Junior Subordinated Debentures, Senior
Subordinated Debentures, Senior Secured Debentures etc.

Participants in Capital Market in Banking sector and IT sector

Bombay Stock Exchange Limited is the oldest stock exchange in Asia with a rich heritage.
Popularly known as "BSE", it was established as "The Native Share & Stock Brokers
Association" in 1875. It is the first stock exchange in the country to obtain permanent
recognition in 1956 from the Government of India under the Securities Contracts
(Regulation) Act, 1956.The Exchange's pivotal and pre-eminent role in the development of
the Indian capital market is widely recognized and its index, SENSEX, is tracked worldwide.
Earlier an Association of Persons (AOP), the Exchange is now a demutualised and
corporative entity incorporated under the provisions of the Companies Act, 1956, pursuant to
the BSE (Corporatisation) and Demutualization) Scheme, 2005 notified by the Securities and
Exchange Board of India (SEBI).

With demutualization, the trading rights and ownership rights have been de-linked
effectively addressing concerns regarding perceived and real conflicts of interest. The
Exchange is professionally managed under the overall direction of the Board of Directors.
The Board comprises eminent professionals, representatives of Trading Members and the
Managing Director of the Exchange. The Board is inclusive and is designed to benefit from
16

the participation of market intermediaries. In terms of organization structure, the Board


formulates larger policy issues and exercises over-all control. The committees constituted by
the Board are broad-based. The day-to-day operations of the Exchange are managed by the
Managing Director and a management team of professionals. The Exchange has a nation-
wide reach with a presence in 417 cities and towns of India. The systems and processes of
the Exchange are designed to safeguard market integrity and enhance transparency in
operations. During the year 2004-2005, the trading volumes on the Exchange showed robust
growth. The Exchange provides an efficient and transparent market for trading in equity,
debt instruments and derivatives. The BSE's On Line Trading System (BOLT) is a
proprietary system of the Exchange and is BS 7799-2-2002 certified. The Surveillance and
clearing & settlement functions of the Exchange are ISO 9001:2000 certified

Vision

"Emerge as the premier Indian stock exchange by establishing global


Benchmarks”

Milestones
November Incorporation
1992
April 1993 Recognition as a stock exchange
May 1993 Formulation of business plan
June 1994 Wholesale Debt Market segment goes live
November Capital Market (Equities) segment goes live
1994
March Establishment of Investor Grievance Cell
1995
April 1995 Establishment of NSCCL, the first Clearing Corporation
June 1995 Introduction of centralized insurance cover for all trading members
July 1995 Establishment of Investor Protection Fund
October Became largest stock exchange in the country
1995
April 1996 Commencement of clearing and settlement by NSCCL
April 1996 Launch of S&P CNX Nifty
June 1996 Establishment of Settlement Guarantee Fund
November Setting up of National Securities Depository Limited, first
1996 depository in India, co-promoted by NSE
17

November Best IT Usage award by Computer Society of India


1996
December Commencement of trading/settlement in dematerialized securities
1996
December Dataquest award for Top IT User
1996
December Launch of CNX Nifty Junior
1996
February Regional clearing facility goes live
1997
November Best IT Usage award by Computer Society of India
1997
May 1998 Promotion of joint venture, India Index Services & Products Limited
(IISL)
May 1998 Launch of NSE's Web-site: www.nse.co.in
July 1998 Launch of NSE's Certification Programme in Financial Market
August 1998 CYBER CORPORATE OF THE YEAR 1998 award
February 1999 Launch of Automated Lending and Borrowing Mechanism
April 1999 CHIP Web Award by CHIP magazine
October 1999 Setting up of NSE.IT
January 2000 Launch of NSE Research Initiative
February 2000 Commencement of Internet Trading
June 2000 Commencement of Derivatives Trading (Index Futures)
September 2000 Launch of 'Zero Coupon Yield Curve'
November 2000 Launch of Broker Plaza by Dotex International, a joint venture between
NSE.IT Ltd. and I-flex Solutions Ltd.
December 2000 Commencement of WAP trading
June 2001 Commencement of trading in Index Options
July 2001 Commencement of trading in Options on Individual Securities
November 2001 Commencement of trading in Futures on Individual Securities
December 2001 Launch of NSE VaR for Government Securities
January 2002 Launch of Exchange Traded Funds (ETFs)
May 2002 NSE wins the Wharton-Infosys Business Transformation Award in the
Organization-wide Transformation category
October 2002 Launch of NSE Government Securities Index
January 2003 Commencement of trading in Retail Debt Market
June 2003 Launch of Interest Rate Futures
August 2003 Launch of Futures & options in CNXIT Index
June 2004 Launch of STP Interoperability
August 2004 Launch of NSE’s electronic interface for listed companies
March 2005 ‘India Innovation Award’ by EMPI Business School, New Delhi
June 2006 Launch of Futures & options in BANK Nifty Index
December 2007 'Derivative Exchange of the Year', by Asia Risk magazine
January 2008 Launch of NSE – CNBC TV 18 media centre
March 2008 NSE, CRISIL announce launch of IndiaBondWatch.com
June 2009 NSE launches derivatives on Nifty Junior & CNX 100
October 2009 NSE launches derivatives on Nifty Midcap 50
18

Our Mission

NSE's mission is setting the agenda for change in the securities markets in India. The NSE
was set-up with the main objectives of:

• establishing a nation-wide trading facility for equities, debt instruments and hybrids,

• ensuring equal access to investors all over the country through an appropriate
communication network,

• providing a fair, efficient and transparent securities market to investors using electronic
trading systems,

• enabling shorter settlement cycles and book entry settlements systems, and

• Meeting the current international standards of securities markets.

The standards set by NSE in terms of market practices and technologies have become
industry benchmarks and are being emulated by other market participants. NSE is more than
a mere market facilitator. It's that force which is guiding the industry towards new horizons
and greater opportunities.
19

Business Profile

Axis Bank was the first of the new private banks to have begun operations in 1994,
after the Government of India allowed new private banks to be established. The Bank was
promoted jointly by the Administrator of the specified undertaking of the Unit Trust of India
(UTI - I), Life Insurance Corporation of India (LIC) and General Insurance Corporation Ltd.
and other four PSU companies, i.e. National Insurance Company Ltd., The New India
Assurance Company, The Oriental Insurance Corporation and United Insurance Company
Ltd.

The Bank today is capitalized to the extent of Rs. 357.48 crore with the public
holding (other than promoters) at 57.03%.

The Bank's Registered Office is at Ahmedabad and its Central Office is located at
Mumbai. Presently, the Bank has a very wide network of more than 608 branch offices and
Extension Counters. The Bank has a network of over 2595 ATMs providing 24 hrs a day
banking convenience to its customers. This is one of the largest ATM networks in the
country.

The Bank has strengths in both retail and corporate banking and is committed to
adopting the best industry practices internationally in order to achieve excellence.

Our Mission
Customer Service and Product Innovation tuned to diverse needs of individual and
corporate clientele. Continuous technology up gradation while maintaining human values.
Progressive globalization and achieving international standards. Efficiency and effectiveness
built on ethical practices.
20

Milestones
Dec-93

• Registered office at Ahmedabad; Head office at Mumbai

• UTI Bank comes into being

Apr-94

• First branch of UTI Bank inaugurated at Ahmedabad by Dr. Manmohan Singh, Hon'ble
Finance Minister, Government of India

Mar-95

• Completes first profitable year in operation

Jun-96

• Crosses Rs.1000 crore deposit mark

Sep-98

• UTI Bank goes public with a Rs. 71 crore public issue; Issue over-subscribed 1.2 times,
over 1 lakh retail investors. UTI holding reduces to 60.85%

Mar-99

• Deposits cross Rs.3000 crores

Sep-99

• Cash management services (CMS) launched, Co branded credit card launche

Jan-00

• Dr.P.J Nayak takes over as Chairman and Managing Director from Shri Supriya Gupta.

Feb-00

• Bank adopts Finacle software from Infosys for core banking

Mar-00
21

• Profits cross Rs 50 crore mark for the first time

Apr-00

• Bank launches its Internet banking module, iConnect Retail loans introduced for the first
time by the Bank

Apr-00

• UTI Bank calls off its proposed merger with Global Trust Bank and surgesUTI Bank calls
off its proposed merger with Global Trust Bank and surges ahead on its own.

Jul-00

Financial Advisory Services offered beginning with marketing of US 64

Jul-00

• E-commerce initiatives announced

Oct-00

• Bank becomes fully networked

Dec-00

• Bank opens its 200th ATM. It becomes the 2nd largest ATM network in the country, a
position held even today.

Jul-01

• Bank ties up with Govt of Andhra Pradesh for collection of commercial tax

Aug-01

• Bank signs MoU with India Post for introducing value added financial products and
services to customers of both organizations, including setting up of UTI Bank ATMs in post
offices.

Sep-01
22

• Private placement of 26% stake in the Bank to CDC Capital Partners. UTI holding reduces
to 44.88%

Nov-01

• The deposit base for the Bank crosses Rs. 10,000 Crore

Dec-01

• Total Advances cross Rs 5,000 Crore

Jan-02

• The Bank opens an ATM at the Gol Dak-Khana, i.e. the New Delhi GPO, making it the
first instance of a commercial bank setting up an ATM at any post-office in the country.

• The Bank's 100th branch opens at Tuticorin,Tamilnadu

Mar-02

• Deposits Cross Rs.12, 000 Crore

Apr-02

• Bank opens its 500th ATM

• Bank signs MoU with BSNL regarding bill collection services across the country through
both online and offline channels

Oct-02

• Bank launches Corporate iConnect? - the Internet Banking facility for Corporates

Feb-03

• Bank wins mandate to set up 14 ATMs at the Western Railway stations along the Mumbai
division.

• Bank, in a pioneering move, launches the AT PAR Cheque facility, free of cost, for all its
Savings Bank customers.

Mar-03

• The Bank issues 3,83,62,834 fully paid up equity shares totaling to Rs. 164.00 crores,
through a Preferential offer to Life Insurance Corporation of India (now constituting 13.54%
23

of the Bank's expanded equity), Citicorp Banking Corporation, Bahrain (holding 3.84%),
ChrysCapital I, LLC, Mauritius (holding 3.84%) and Karur Vysya Bank Ltd.(constituting
1.00%) The Bank also Increases the authorised share capital of the Bank from Rs. 230 crores
to Rs. 300 crores.

• Bank crosses the 800 ATM mark

• Bank signs Agreement with Employees Provident Fund Organization (EPFO) for
disbursement of Pension.

May-03

• Bank declares a net profit of Rs 192.18 crores for FY03, a growth of 43% over the previous
year

Aug-03

• The Bank's Debit Card crosses the one million mark.Total Advances cross Rs 7,000 Crore

Sep-03

• Bank launches the Travel Currency Card

The Bank's ATMs across the country crosses the thousand mark .

Dec-03

• Bank inaugurated its ATM at Thegu near the Nathula Pass in Sikkim. This ATM is at the
highest altitude in India.

Feb-04

• UTI Bank (by pursuing a proactive strategy of forging bilateral agreements and being a
progressive player in the multi-lateral consortiums for shared ATM network) offers its
customers access to over 7000 ATMs across the country - the largest to be offered by any
bank in India so far.

• Bilateral arrangement between State Bank of India (and its 7 associate member banks) and
UTI Bank. comes into force with the commencement of operations (as on 3rd February '04)
of the combined network of over 4000 ATMs
24

Mar-04

• UTI Bank enables premium payment of LIC policies through its ATMs

Jan-05

• UTI Bank ties up with Remit2India to launch the Remittance Card

Feb-05

• UTI Bank launches a powerful version of Kisan Credit Card

• UTI Bank appointed by Government of Karnataka as the sole banker for the Bangalore One
(B1) project

Mar-05

• MTNL ties up with UTI Bank for payment of telephone bills through the Bank's ATM
network.

• UTI Bank gets listed on the London Stock Exchange, raises US$ 239.30 million through
Global Depositary Receipts (GDRs).

Apr-05

• UTI Bank launches Smart Privilege - a special bank account designed for women

May-05

• UTI Bank and Bajaj Allianz join hands to distribute general insurance products

Jul-05

• UTI Bank and Visa International launch Mobile Refill facility - Anytime, Anywhere Pre-
Paid Mobile Refill for all Visa Cardholders in India

Oct-05

• UTI Bank extends banking services to the rural milk producers in Anand and Kheda
districts in Gujarat

Dec-05

• UTI Bank wins International Financing Review (IFR) Asia 'India Bond House' award for
the year 2005
25

Jan-06

• UTI Bank and UTI Mutual Fund to launch a new service for sale and redemption of mutual
fund schemes through the Bank's ATMs across the country

Apr-06

• UTI Bank opens its first international branch in Singapore

May-06

• UTI Bank ties up with Geojit Financial Services to offer Online Trading service to its
customers

• UTI Bank and LIC join hands to launch an Annuity Card for group pensioners of LIC

Jul-06

• UTI Bank opens Representative Office in Shanghai

Aug-06

• UTI Bank rolls out its 2000th ATM

• UTI Bank announces the scheme of issuance of "Senior Citizen ID Card" in association
with Dignity Foundation

• UTI Bank Business Gold Debit Card MasterCard Launched - Designed for business related
spending by SMEs and self employed professionals

• UTI Bank becomes the first Indian Bank to successfully issue Foreign Currency Hybrid
Capital in the International Market

• UTI Bank announces the launch of its Credit Card Business

Sep-06

• UTI Bank launches operations of UBL Sales, its Sales Subsidiary - Inaugurates its first
office in Bangalore

Nov-06

• UTI Bank opens Priority Banking Lounge in Pune

Jan-07
26

• UTI bank opens Priority Banking branch in Mumbai and Kolkata

Feb-07

• LIC Premium payment now through UTI Bank Branches

• UTI Bank announces the launch of its Gift Card

• UTI Bank announces the launch of its Meal Card

• Finance Minister Shri P. Chidambaram Launches Shriram - UTI Bank Co - Branded Credit
Card Exclusively For Small Road Transport Operators (SRTOS)

Mar-07

• UTI Bank opens a Full Licence Bank Branch in Hong Kong

• UTI Bank launches Car Loans in association with Maruti Udyog Ltd

• UTI Bank ties up with IIFCL to provide finance for infrastructural projects in the country.
27

Business Profile

HDFC Bank Ltd was set up in 1994 by India’s leading housing finance company
Housing Development Finance Corporation (HDFC). The bank offers a wide range of
services which can be classified into three categories namely, treasury, wholesale banking
and retail banking services. The bank has a distribution network of 535 (in 228 cities) and
1,323 ATMs and a customer base of 9.6 million as of March 2006.

Under wholesale banking, it provides working capital finance, trade services, trasactional
services and cash management. Treasury function includes foreign exchange & derivatives,
money market securities and equties. Retail loan products are auto loans, personal loans and
loans for two-wheelers. It also provides depository participant services for retail customers.
It was the first Indian bank which launched an international debit card. With products
including the Kisan Gold Card, rural supply chain initiatives and commodity finance
covering the entire agriculture financing cycle, the bank’s agriculture lending increased by
over 60% during the year. The proportion of Nap’s to total advances increased to 0.4 per
cent from 0.3 per cent last year. This marginal increase is because of the changing mix of
loans as HDFC Bank has a high share of auto loans.

The bank’s focus on semi-urban and underbanked markets continued with more than half of
its retail loans being given in non-metro markets. The bank’s total capital adequacy ratio
(CAR) as on March31,2006stoodat11.41%
28

Recent Developments

HDFC Bank Ltd has informed the Bombay Stock Exchange that Deepak Satwalekar
has submitted his resignation as director of the bank. The board has accepted the same.
Times Bank Limited, promoted by Bennett, Coleman & Co. Times Group, was merged with
HDFC Bank. Shareholders of Times Bank received one share of HDFC Bank for every 5.75
shares they held. The amalgamation added value to HDFC Bank in terms of increased
branch network, expanded geographic reach, enhanced customer base, skilled manpower and
the opportunity to cross-sell and leverage alternative delivery channels.

Total number of retail accounts increased from 1.4 million in March 2001 to over 2.2
million in March 2002. These customers can deal with the bank through the growing branch
network in 77 cities as well as through alternative direct banking channels like ATMs, phone
banking (in 39 cities), net banking and mobile banking. From March 2001 to March 2002,
the number of branches (including extension counters) increased from 131 to 171 and the
size of the banks ATM Network more than doubled from 207 to 479.

The Bank’s exposure to capital markets was around 6-7 per cent as on December 31,
2001, against the Reserve Bank of India (RBI) norms of five per cent. The bank expects to
bring it down to within the stipulated limit.

HDFC bank has launched its gold card to cater to the upper end of the credit card
market. It plans to have a base of around 1,50,000 credit card customers by the year end,
charging an annual fee of Rs 2,000 and a membership fee of Rs 500.

The bank is increasing its debit card base by 70,000 every month. It has put up more
than 10,000 point of sale (POS) terminals in over 15 cities which are to be double by the end
of the fiscal. Nearly 43 per cent of the revenues in the previous year came through the retail
29

business of the bank.

HDFC bank has launched an innovative loans product called the pre-approved `Loan
Privilege Card`. This free service is offered exclusively to select Corporate Salary Account
holders. The minimal loan formalities can be completed anytime on customer’s choice.

Net Profit for the quarter ended March 2002 was Rs.90.2 crores, up 37.7%, over the
corresponding quarter ended March 2001 and up 19.6% over the previous quarter (ended
December 2001).

The Reserve Bank of India fined HDFC Bank, IDBI and ING Vysya Bank for
violation of `Know Your Customer` norms and other irregularities in relation to the recent
IPO scam.

The bank signed a USD 80 million deal involving provisioning of IT infrastructure


on a build-own-operate basis for existing and new branches over a period of 10 years.

Awards

2008

• Mr. Deepak Parekh recognized by Finance Asia for his lifetime achievements, at their
Achievement Awards ceremony held in Hong Kong on 24th Jan, 2008.

2007

• Mr. Keki Mistry awarded the ‘Best Performing CFO’ in the financial services sector for
2007 by CNBC-TV 18

• Business Today selects Renu Sud Karnad as a Powerful Woman in Indian Business

• HDFC emerged as the best 'Investment Management Company’ in India at the Liquid
Real Estate Awards – 2007 organised by EUROMONEY
30

• HDFC ranked 3rd amongst the Asian Banking and Finance Sector for ‘Highest Return
on Equity’ by Asiamoney

• Ms Renu Sud Karnad, Executive Director, was one of the eminent women felicitated by
the FICCI Ladies Organization at their Women Achievers Award – 2007

2006

• Mr. Deepak Parekh, Chairman HDFC Ltd. awarded the Best Non Executive Director
2006 by the Asian Centre for Corporate Governance

• Mr. Keki Mistry, Managing Director HDFC Ltd. awarded the Best Performing CFO in
the Financial Services Sector at the CNBC-TV18 CFO Awards 2006

• HDFC won the award for 'Investment Management in India' at the EUROMONEY
2006 Real Estate Awards

• 'Best Home Loan Provider' title at the Zee Business Pinnacle Awards, 2006

• Limca Book of Records, 2006: HDFC for the landmark achievement of Rs. One Lakh
Crore

• ‘Best Strategy’, at the 4Ps Business, Marketing & Advertising Power Awards 2006

• Dun & Bradstreet – American Express Corporate Awards 2006

• Mr. Deepak Parekh, Chairman, HDFC Ltd. conferred with the prestigious Padma Bhushan
award
31

Business Profile

ICICI Bank was promoted in 1994 by ICICI Ltd., an Indian development financial
institution. The two entities subsequently merged to become the largest commercial bank in
the private sector.

A new generation bank, ICICI Bank started with all the latest technologies to hit the
Indian banking industry in the second half of the nineties. All its branches are fully
computerised with the state-of-the-art technology and systems, networked through VSAT
technology. The bank is connected to the SWIFT International network.

In 2005, it expanded its network to 562 branches and 1,910 ATMs. It continued to
expand its electronic channels, namely internet banking, mobile banking, call centres and
ATMs, and migrate customer transaction volumes to these channels. Over 70% of customer
induced transactions take place through these electronic channels.

It has acquired a small Russian banking entity, Investitsionno-Kreditny Bank (IKB),


which will help boost its corporate business and deposit franchise overseas. The bank has
also built several strategic alliances with banks like Wells Fargo in USA, Lloyds TSB in UK
and DBS in Singapore.
32

ICICI has entered into strategic alliance with Prudential plc. of UK for its mutual find
business. The duos have been fairly aggressive through their companies, Prudential ICICI
Asset Management Company Limited and Prudential ICICI Trust Limited.

The bank is also keen to offer its services to the Indian agricultural sector. Over
2,000 Internet kiosks and 70 agri-desks have been established in locations with large
agricultural markets.

Milestones

1955

• ICICI was formed in 1955 at the initiative of the World Bank, the Government of India and
representatives of Indian industry. The principal objective was to create a development
financial institution for providing medium-term and long-term project financing to Indian
businesses. In the 1990s

1994

• ICICI Bank was originally promoted in 1994 by ICICI Limited.

1998

• an Indian financial institution, and was its wholly-owned subsidiary. ICICI's shareholding
in ICICI Bank was reduced to 46% through a public offering of shares in India in fiscal 1998

1999

• ICICI transformed its business from a development financial institution offering only
project finance to a diversified financial services group offering a wide variety of products
and services, both directly and through a number of subsidiaries and affiliates like ICICI
Bank.

2000

• an equity offering in the form of ADRs listed on the NYSE in fiscal 2000

2001
33

• ICICI Bank's acquisition of Bank of Madura Limited in an all-stock amalgamation in fiscal


2001.

2002

• and secondary market sales by ICICI to institutional investors in fiscal 2001 and fiscal
2002

• In October 2001, the Boards of Directors of ICICI and ICICI Bank approved the merger of
ICICI and two of its wholly-owned retail finance subsidiaries, ICICI Personal Financial
Services Limited and ICICI Capital Services Limited, with ICICI Bank. The merger was
approved by shareholders of ICICI and ICICI Bank in January 2002, by the High Court of
Gujarat at Ahmedabad in March 2002, and by the High Court of Judicature at Mumbai and
the Reserve Bank of India in April 2002. Consequent to the merger, the ICICI group's
financing and banking operations, both wholesale and retail, have been integrated in a single
entity.

• ICICI become the first Indian company and the first bank or financial institution from non-
Japan Asia to be listed on the NYSE.

2007

• ICICI Bank is India's second-largest bank with total assets of Rs. 3,446.58 billion (US$ 79
billion)

• and profit after tax of Rs. 31.10 billion for fiscal 2007.

• ICICI Bank is the most valuable bank in India in terms of market capitalization and is
ranked third amongst all the companies listed on the Indian stock exchanges in terms of free
float market capitalization.

• The Bank has a network of about 950 branches and 3,300 ATMs in India and presence in
17 countries.

• After consideration of various corporate structuring alternatives in the context of the


emerging competitive scenario in the Indian banking industry, and the move towards
universal banking, the managements of ICICI and ICICI Bank formed the view that the
merger of ICICI with ICICI Bank would be the optimal strategic alternative for both entities,
and would create the optimal legal structure for the ICICI group's universal banking strategy.
34

• The merger would enhance value for ICICI shareholders through the merged entity's access
to low-cost deposits, greater opportunities for earning fee-based income and the ability to
participate in the payments system and provide transaction-banking services.

TCS TECHNOLOGIES
Business Profile

Tata Consultancy Services (TCS), India’s first software services company, is


established as a division of Tata Son’s in 1968 Tata Consultancy Services (TCS) is one of
the leading information technology companies in the world. With a workforce of over
74,000 professionals spread across more than 50 global delivery centers, it helps
organisations stay ahead with new technology. Its clients include seven of the top ten
corporations in the Fortune 500 list of the largest corporations in the United States.

TCS products and services help companies in various sectors effectively meet their
business challenges. With technical expertise and employing a flexible approach to client
relationships, TCS offers its clients: consulting, IT services, business process outsourcing,
infrastructure outsourcing, and engineering and industrial services.

Since its inception, the company has invested in new technologies, processes, and
people in order to help its customers succeed. With inputs from its innovation labs and
university alliances, and drawing on the expertise of key partners, TCS keeps clients up-to-
date with new technology. This has helped the company meet various benchmarks of
excellence in software development - it is the world's first organisation to achieve an
enterprise-wide Maturity Level 5 on quality improvement models, CMMI® and P-CMM®,
35

using the most rigorous assessment methodology, SCAMPISM. The company is listed on the
National Stock Exchange and Bombay Stock Exchange in India.

Areas of business

• Services

The following TCS services help customers optimise business processes and create resilient
IT infrastructure, ensuring faster business results:

• Consulting

TCS consulting services help enterprises transform the way of doing business by helping
them to optimise business processes, align IT with business requirements, support IT
operations, and design effective risk management strategies.

• IT services TCS provides system integration and testing solutions, and application
development and management services that help companies make the most of their IT
investments.

• Business process outsourcing TCS works with enterprises worldwide, helping them focus
on their core business while accelerating outsourced operations and ensuring round-the-clock
service delivery.

• Infrastructure outsourcing The company partners with enterprises to make their IT


infrastructure flexible, scalable, and secure, while maximising performance.

• Engineering and industrial services Using the best technologies, processes, and
competencies, TCS helps businesses to put into practice their strategies in product
development, and management of assets and production.
36

Industries
TCS helps clients from various industries solve complex problems, mitigate risks, and
become operationally excellent. Some of the industries it serves are:

• Banking and financial services

• Energy and utilities

• Government

• Healthcare and life sciences

• Hi technology

• Insurance

• Manufacturing

• Retail

• Telecom

• Travel and hospitality

Tata Consultancy Services (TCS) provides information technology and management


consulting services to organizations in more than 53 countries. The company offers e-
business, application development and maintenance, architecture and technology consulting,
engineering, security, infrastructure development and management, and quality consulting
services. In addition, TCS offers software packages for electronic banking, insurance billing,
customer relationship management, and hospital management. It caters to finance and
banking, insurance, telecommunication, transportation, retail, manufacturing,
pharmaceutical, energy and utility industries. TCS generates 19% of its revenues from the
manufacturing industry, and 6% of its revenues from its engineering and industrial services
(EIS) business, which extends to sectors beyond manufacturing.

The company was founded in 1968 and is based in Mumbai, India and is spread in 34
countries across 6 continents,. TCS operates as a subsidiary of Tata Sons Ltd. TCS went
public in 2004, raising $1.17 billion in one of the largest initial public offerings ever.
37

Future Plans

TCS subsidiary, Diligenta, has announced that is has entered the UK BPO life
assurance market having secured a $486 million deal with Pearl, the Peterborough based
closed fund group. Diligenta will provide BPO services over an initial 12 year period for
Pearl Group Ltd in processing and administration.

TCS has been recommended enterprise-wide for ISO 9001:2000, BS 7799-2:2002


and BS 15000-1:2002 certifications. This is the largest, enterprise-wide multiple certification
of an IT solutions organization to date. It is the company’s second enterprise-wide
achievement after it became the first company to be assessed enterprise-wide, for CMMI and
PCMM at level 5 in 2004.

TCS has planned a capex of Rs 10,000 million for the current financial year. It employs
more than 60,000 people and will be adding more than 30,000 this year. This will amount to
net addition of around 25,000 employees. The company plans to increase its headcount in
Hyderabad to 10,000 by 2010 from over 4,200 now.

TCS is planning to open an outsourcing centre in Poland and thereby mark its presence in 34
countries across the world.
38

Business Profile

Satyam (NYSE: SAY) is a leading global business and information technology


company that delivers consulting, systems integration, and outsourcing solutions to clients in
over 20 industries.

We leverage deep industry and functional expertise, leading technology practices,


and an advanced, global delivery model to help clients transform their highest-value business
processes and improve their business performance.

We are powered by nearly Nearly 49,200* professionals who excel in engineering


and product development, supply chain management, client relationship management,
business process quality, business intelligence, enterprise integration, and infrastructure
management, among other key capabilities.

We have strategic alliances with 96* best-of-breed technology companies, and


operate through 27*state-of-the-art development centers in the US, Canada, Brazil, the UK,
Hungary, Egypt, UAE, India, China, Malaysia, Singapore, and Australia. We serve 630*
global companies, of which 181* are Fortune Global 500 and Fortune US 500 corporations.
Our presence spans 61* countries, across six continents.
39

Milestones
1987
• Incorporated as private limited company (Established on: June 24,1987 )
1991

• Offshore software project with John Deere & Co.—Satyam’s first Fortune 500 customer—
announced

• Recognized as a public limited company; debuts on the Bombay Stock Exchange (BSE)

• IPO oversubscribed by 17 times

1993

• Satyam signs joint venture with Dun & Bradstreet for IT Services

• Awarded ISO 9001 Certification

• Satyam Technology Center (STC) inaugurated

• Joint venture with GE announced

1999

• Assessed at SEI CMM® Level 5

• Satyam Infoway (Sify) becomes the first Indian Internet company listed on NASDAQ

• Satyam forms joint venture with TRW Inc.

• Presence established in 30 countries

2000

• Associate count reaches 10,000

• Satyam receives National HRD Award from Indian government

• Dataquest names Ramalinga Raju "IT Man of the Year"

2001

• Satyam becomes world’s first ISO 9001:2000 company to be certified by BVQI


40

• Listed on the NYSE (SAY)

• APAC headquarters established in Singapore

2002

• Nipuna, Satyam’s BPO arm, launched in Hyderabad

• First Customer Summit conducted

• FLC framework launched across the entire organization

2005

• Largest global development center outside India (in Melbourne) begins operation

• Citisoft and Knowledge Dynamics acquired

2006

• Revenue exceeds US$1 billion

• Sets up the first “Global Innovation Hub” in Singapore

• Sets up operations in Guangzhou, China

2007

• Announces acquisition of UK-based Nitor Global Solutions Limited

• B. Ramalinga Raju, founder and chairman of Satyam, was named the "Ernst & Young
Entrepreneur of the Year "

• Opens Global Development Center (GDC) in Malaysia

• Opens Development Center in Vizag, India

• Becomes the first Asian company to feature in the Training Magazine’s list of Top 125
companies for learning
41

Milestones
1981
• Infosys is established by N. R. Narayana Murthy and seven engineers in Pune, India, with

an initial capital of US$ 250.

• Signs up its first client, Data Basics Corporation, in New York.

1983

• Relocates corporate headquarters to Bangalore.

1987
• Opens first international office in Boston, US.

1992
• Goes public.

1993
• Introduces Employee Stock Options (ESOP) program

Acquires ISO 9001/TickIT certification.

1994

• Moves corporate headquarters to Electronics City, Bangalore. Opens a Development


Center at Fremont.

1995
• Opens first European office in the UK and Global Development Centers at Toronto and

Mangalore. Sets up e-Business practice.

1996
• The Infosys Foundation is established.
42

1997
• Opens an office in Toronto, Canada.

• Infosys is assessed at CMM Level 4.

1998
• Starts enterprise solutions (packaged applications) practice.

1999
• Touches revenues of US$ 100 million. Listed on NASDAQ.

• Infosys becomes the 21st company in the world to achieve a CMM Level 5 certification.

• Opens offices in Germany, Sweden, Belgium, Australia, and two development centers in

the US.

• Infosys Business Consulting Services is launched.

2000
• Touches revenues of US$ 200 million.

• Opens offices in France and Hong Kong, a global development center in Canada and UK,

And the three developments centers in US.

• Re-launches Banks 2000, the universal banking solution from Infosys, as Finacle®.

2001
• Touches revenues of US$ 400 million. Opens offices in UAE and Argentina, and a

Development Center in Japan.

• N. R. Narayana Murthy is rated among Time Magazine/CNN's 25 most influential


businessmen in the world.

• Infosys is rated as the Best Employer by Business World/Hewitt.

2002
• Touches revenues of US$ 500 million.

• Nandan M. Nilekani takes over as CEO from N.R. Narayana Murthy, who is appointed
Chairman and Chief Mentor.
43

• Opens offices in The Netherlands, Singapore and Switzerland.

• Sponsors secondary ADS offering.

2003
• Establishes subsidiaries in China and Australia.

• Expands operations in Pune and China, and sets up a Development Center in


Thiruvananthapuram.

2004
• Revenues reach US$ 1 billion.

• Infosys Consulting Inc. is launched.

2005
• Records the largest international equity offering of US$ 1 billion from India.

• Selected to the Global MAKE Hall of Fame.

2006
• Infosys celebrates 25 years. Revenues cross US$ 2 billion. Employees grow to 50,000+.

• N. R. Narayana Murthy retires from the services of the company on turning 60. The Board
of Directors appoints him as an Additional Director. He continues as Chairman and Chief
Mentor of Infosys.

2007

• Infosys crosses revenues of US$ 3 billion. Employees grow to over 70,000+

• Kris Gopalakrishnan, COO, takes over as CEO. Nandan M. Nilekani is appointed Co-
Chairman of the Board of Directors.

• Opens new subsidiary in Latin America

Reports Q2 revenue of over US$ 1billion

• Infosys and the Wharton School of the University of Pennsylvania set up The Wharton
Infosys Business Transformation Awards (WIBTA).
44

• Launches Progeon, offering business process outsourcing services.

COMPANY
PROFILE
45

Kotak Securities Ltd. Is 100% subsidiary of Kotak Mahindra Bank is one of the
oldest and largest broking firms in the industry. It offerings include stock broking through
the branch and internet investments in IPO, Mutual funds and portfolio management
service.

Kotak Securities Ltd is a member of the National Stock Exchange of India Ltd (NSE)
and the Bombay Stock Exchange Ltd (BSE) on the Capital Market and Derivatives (Futures
& Options) segment. It is also a listed company at the BSE.

Corporate overview

• The company is professionally managed with experience of over a decade in broking and
advisory services

• Kotak Securities Ltd is a member of BSE, NSE, MCX, NCDEX, AMFI, CDSL

• Current network in Southern and Western India with 107 branches and franchise. Presence
in major metros and cities

• Empanelled with prominent domestic Mutual Funds, Insurance Companies, Banks,


Financial Institutions and Foreign Financial Institutions.
46

• Strong experienced professional team

• 20000+ strong and growing client base

• Average daily broking turnover of around INR 1 billion

• AUM with Investment Advisory Services of around INR 3 billion

Company overview

1985:-

The company was incorporated on 21st November 1985 under the name Kotak Capital
Management Finance Ltd. The Company has been promoted by Mr Uday S Kotak, Mr
S.A.A Pinto and Kotak & Company. The company obtained the certificate of
commencement of business on 11th February

1986:-

And the Existing promoters were joined by Mr Harish Mahindra and Mr. Anand
Mahindra. The company's name was changed on 8th April 1986 to its present name Kotak
Mahindra Finance Ltd.

The Company deals in Bill discounting, leasing and hire purchase, corporate finance,
management of fixed deposit mobilisation, financing against securities, money market
operations, consumer finance, investment banking and clients' money management.

1990:-

3,08,770 No. of equity shares subscribed for by the promoters, directors, 3,41,230
No. of equity shares allotted as rights as on 28.3.89. 19,50,000 shares issued
47

as bonus (6,50,000 shares in prop.1:1 as on 29.7.89 and 13,00,000 shares in prop. 1:1 as
on 27.2.91).

1991:-

An application was made to SEBI for approval for setting up a Mutual Fund trust and an
asset management company. The newly set up Corporate Advisory Services Group received
several mandates for advice on mergers and acquisitions and re-structuring.

The Company's newly established Foreign Exchange Risk Management Service carters to
the vast potential demand for price risk management. The Company established itself as a
major leasing and hire-purchase company and as a source of finance for purchasers of
automobiles.

1992:-

In January, the Company offered and allotted 15,50,000 - 14% secured partly
convertible debentures of Rs 90 each for a total value of Rs13.95 crores in the following
manner:

1) 2,00,000 debentures to promoters, directors, etc.

2) 77,500 debentures to employees (including working directors)/workers on preferential


basis

3)12,72,500 debentures to Indian public through prospectus.

Additional 30,000 debentures to promoters, directors, etc., 9,500 debentures to employees


and 1,93,000 debentures to Indian public were allotted to retain oversubscription.

As per the terms of debenture issue, a portion of Rs 45 of each debenture of Rs 90 was to be


converted into 1 equity share of Rs 10 each at a premium of Rs 35 per share as on the date of
allotment of the debentures. Accordingly 17,82,500 No. of equity shares allotted as on 25th
48

February, 1992, being the date of allotment of the debentures. The non-convertible portion of
Rs 45 of each debenture would be redeemed at par in three equal instalments of Rs 15, Rs 15
and Rs 15 at the end of the 7th, 8th and 9th year respectively from the date of

allotment of the debentures.

In April, the Company has raised Rs. 18 crores by issue of Commercial Paper which has
been awarded P1 + rating by Credit Rating and Information Services of India limited
(CRISIL) indicating highest standards of safety.

1993: -

During February, the Company issued 69,82,500 Rights equity shares of Rs 10 each at a
premium of Rs 15 per share in proportion 1:1 (all were taken-up). Additional 13,950 shares
were allotted to those who had applied for additional shares.

The Company issued through a Prospectus 44,00,000 No. of equity shares of Rs 10 each for
cash at a premium of Rs 140 per share of which the following were reserved for allotment (i)
1,30,000 shares to promoters, directors, their relatives etc., (ii) 25,000 shares to
Foreign/Indian Financial Institutions (all were taken up). Of the remaining 50,000 shares
reserved for allotment on a preferential basis to employees (only 34,600 shares taken up).
Another 5,55,000 shares to NRIs were reserved on non-repatriation basis (all were taken
up).

Balance 36,40,000 shares, along with 15,400 shares not taken up by employees', were
offered for public subscription.

At the 8th Annual General Meeting held on 28th September the Company has reserved
61,22,000 No. of equity shares of Rs 10 each for cash to be allotted at such issue price as
may be decided by the board to Foreign Institutional Investors and/or, Foreign and/or Indian
Pension and/or Mutual and/or other Funds and/or Institutions, Banks, Companies, Bodies
and/or individuals and/or Groups of Individuals.
49

The Company's newly set up Corporate Advisory Services Group received several
mandates for advice on mergers and acquisitions and re-structuring and some have already
been executed with success.

1994:-

The Company entered into a Memorandum of Understanding with KB Currency Advisors


Inc. USA to market their Foreign Exchange Fund Management programme.

183,65,500 Rights equity shares issued in prop. 1:1. 11,800 No. of equity shares forfeited.

The Company has received the approval of Securities and Exchange Board of India (SEBI)
for setting up a Mutual Fund.

1995:-

The Company issued 4,00,000 - 17% Secured Redeemable Non-convertible Debenture of


Rs 2500 each including 96000 - 16% NCDs reserved for NRIs/URB (only 9510 taken-up).
Unsubscribed portion of 90 debentures issued to the public. These are redeemable at par on
7.3.2001 with an option for early redemption up to a maximum of 5% of the issue amount
every year.

The Company entered into a joint venture agreement with Ford Credit International Inc.
(FCI), a subsidiary of Ford Motor Credit Co., USA. It was proposed to finance all non Ford
Passenger cars. Kotak Mahindra Capital company became a subsidiary of the Company.

1996:-

The Company's operations were affected by the liquidity crunch, scarcity of resources,
sluggishness in the capital markets and the overall deceleration of economic growth.
50

The Company has entered into a MOU with the Chubb Corporation, New Jersey, U.S.A.,
one of the largest American Insurance firms, to develop a Joint Venture dedicated to the
conduct of casuallity and property insurance business in India.

The Company has invested a sum of about Rs 200 lakhs in Matrix Information Services
private Ltd. (Matrix), a company formed for providing comprehensive value added
information to business and general users. Matrix is a wholly owned subsidiary of the
company.

The Company has divested its entire holding of 20,00,070 No. of equity shares of Rs 10
each of Kotak Mahindra Securities Ltd. (KMSL) and 20,00,000 ordinary shares of US $ 1
each of Kotak Mahindra International Ltd.

Hamko Financial Services Ltd., Kotak Mahindra Securities Ltd., provides of broking
services to institutional and corporate clients Kotak, Mahindra Asset Management Company,
Kotak Mahindra

International Ltd., an offshore company and Kotak Mahindra (UK) Ltd., are all subsidiaries
of the Company.

The Company's public issue of 400000 16-17% Secured Redeemable Non-Convertible


Debentures of Rs.2500 each for cash at par aggregating Rs.100 crores in January.

1997:-

In recognition of the Company's prudent funds management, CRISIL has assigned a rating
of AA+ to the Company's public issue of Non-Convertible Debentures and P1+ for all short
term borrowings upto Rs.35000 lakhs.

Kotak Mahindra Finance Ltd, has decided to venture into health insurance business.
51

Kotak Mahindra Finance has launched a new consumer finance product called Kotak
Mahindra K-Value.

Hamko is a 100 per cent subsidiary of KMFL and investment in it was structured to avoid
limitations of Section 372 under the Companies Act.

The company has diversified into various activities for which it has set up subsidiaries
including broking, capital market activities, auto finance, etc.

1998:-

Kotak Mahindra Asset Management Company Limited (KMAMCL) launched its mutual
fund schemes in December.

The Company it would launch its mutual fund with two schemes KGilt Unit Scheme and
K30 Unit Scheme.

Kotak Mahindra Finance, is a joint venture with Goldman Sachs.

1999:-

The `FAA' (pronounced `F double A') rating assigned to the fixed deposit programme of
Ford Credit Kotak Mahindra (FCKM) has been reaffirmed.

With the allotment to the Company of 50,000 equity shares of Rs.10 each by Kotak
Mahindra Trustee Company Limited (KMTCL) on 12th May.

2000:-

Kotak Mahindra Finance Ltd (KMFL) and Chubb Corporation of the US have decided to
call off their joint venture for entering the general insurance business in India.
52

The Company has decided to set up a venture capital fund with an initial corpus of Rs. 100
crore.

KMFL has set up a new asset reconstruction division to offer recovery management services
to players in the financial services industry.

The Company Issue of 91,82,500 No. of Equity Shares of Rs. 10/- each for cash at a
premium of Rs. 90/- per share aggregating Rs. 91,82,50,000 to the Equity Shareholders of
the Company on Rights basis in the ratio of one equity share for every our equity shares held
on 15th February.

Mr. K.K. Sheth has resigned effective from May 8.

Kotak Securities an affiliate of Kotak Mahindra Finance Ltd., has launched electronic
broking services for retail investors.

Kotak Mahindra Finance is in talks with foreign insurers for a joint venture in the life
insurance business.

The Company has proposed to start-up capital of Rs 150 crore in its life insurance joint
venture with Old Mutual, the UK based financial services group.

The Company proposes to make the necessary applications to the RBI and the Insurance
Regulatory and Development Authority for entering the life insurance business.

OM Kotak Mahindra Life Insurance Company, the recently formed joint venture company
of Kotak Mahindra Financeand Old Mutual Plc has filed its application for approva of life
insurance licence on 1st September.
53

Kotak Mahindra Finance Ltd has been assigned Ind AAA rating (indicating highest credit
quality) for its Rs.510 million medium term borrowing programme.

Fitch India has assigned a rating of Ind AAA to the Rs 51-crore medium term borrowing
program of Kotak Mahindra Finnance Ltd for high credit quality and negligible risk factor.

2001:-

The Company recommended a swap ratio of 25 shares of KMFL for every share of Pannier
Tradings which has a 75 per cent equity stake in Kotak Securities.

The Bharath Petroleum Corporation Ltd (BPCL) has decided to part ways with Kotak
Mahindra, one of the leading domestic financial services company, in its convenient store
venture In & Out.

2002:-

KMFL's business has seen a fast growth with the total disbursement of commercial
vehicle loan of the company in the last fiscal was tuned to Rs. 250cr.

RBI has given in-principle approval to Kotak Mahindra Finance Ltd to convert itself into a
bank, thereby becoming the first ever non-banking finance company converted into a bank.

Mr Uday Kotak says, there won't be any frsh capital infusion in the bank in the near future.

KMFL informed BSE the FITCH ratings assigned: Fixed Deposit Programme - Ind AAA

Non-Convertible Debenture - Ind AAA


54

Mr.Ajay Sondhi has been appointed as the Additional Director of Kotak Mahindra Finance
Ltd.

Kotak Mahindra Finance Company has shortlisted i-flex solutions 'Flexicube' and 'Infosys',

'Finnacle' for its core banking solutions.

KMFL has raised 76.22cr by selling securitised commercial vehicle loans to investors.

CRISIL has assigned 'AAA(SO)' rating for Rs.83cr securitization Programme of Kotak

Mahindra Finance Ltd.

Mr.Uday Kotak has been appointed as the Executive Vice Chairman and Managing Director
of the company.

Kotak Mahindra Finance Ltd has mobilised Rs.104.89cr , asset-backed securitisation of


commercial vehicle receivables.

Business Standard and Business Standard digital have ceased to be the subsidiaries of Kotak
Mahindra Finance Ltd.

Mr.C Jayaram and Mr. Dipak Gupta are appointed as whole time Directors on the Board of
Kotak Mahindra Finance Ltd.

2003:-

Madison Communications has won the Rs.30cr Kotak Mahindra's media AOR account.

The proposal of changing the name from 'Kotak Mahindra Finance Ltd' to 'Kotak Mahindra
Bank Ltd' and the proposal to change the Authorised capital from 100,00,00,000 divided
55

into 10,00,00,000 equity shares of Rs.10 each has been approved by the company
shareholders.

RBI has granted licence to Kotak Mahindra Finance Ltd to embark on its banking business.

O & M has got the creative account of Kotak Mahindra Bank, and has said to be working
professionally.

Kotak Mahindra Bank has received a lot of interest from portfolio investors, private equity
investors and potential strategic investors.

Kotak Mahindra Bank has entered into an ATM sharing agreement with UTI Bank, which
would allow KMB's customer free access to around 800 ATM's.

Kotak Mahindra Bank has started its operations in New Delhi by inaugurating a branch
Cannaught place office.

Dr.Shankar Acharya has been appointed as the Additional Director tothe board of the bank.

The Board of Kotak Mahindra Bank Ltd accepts the resignation of Mr.S.A.A Pinto and
Mr.M.R Punja as the Directors of the Bank.

Kotak Mahindra Investment Co Ltd. PCC a subsidiary of Kotak Mahindra Capital


Company

has constituted itself from a private company to a public limited co. and has changed its
name to 'Global Investment Opportunities Fund Ltd'.
56

Kotak Mahindra bank has unveiled several home finance products options which includes
Home loan, Home equity Loan, Home loan transfer and Home improvement loans.

Kotak Mahindra Bank launches online remittance services called, FUNDS to HOME

for Non-resident Indians.

In reponse to the repo rate cut by theRBI, the Kotak Mahindra Bank has reduced its lending
rates in home loans.

Kotak Mahindra Bank Limited has informed that the equity shares of the Bank have been
delisted from the Delhi Stock Exchange Association Ltd w.e.f December 10, 2003.

2004:-

-Kotak Mahindra Bank Limited has informed that the Bank's equity shares will be delisted
from The Stock Exchange, Ahmedabad with effect from January 20, 2004.

• Kotak Mahindra Bank sets up branch in Surat

• Kotak Mahindra Mutual Fund has launched Kotak Opportunities, an open-ended equity
growth scheme

• Kotak Mahindra Bank inks pact with Reuters 2006

Products and services portfolio

• Retail and institutional broking

• Research for institutional and retail clients

• Distribution of financial products

• Corporate finance
57

• Net trading

• Depository services

• Commodities Broking

It is also a depository participant with National Security Depositary Limited


(NSDL) AND Central Depositary Securities Limited, providing dual benefit services
wherein the investors can avail their brokerage services for executing the transaction and the
depository services for setting them. It process more than 4,00,000 trades a day which is
much higher even than some of the renowned international brokers. This network spans over
331 cities with 843 out lets.

It has been the first in providing many products and services which have now become
industry standards. Some of them are,

• Facility of margin finance to the customers.

• Investing in IPOs and Mutual funds on the phone.

• SMS alerts before execution of depository transactions.

• Mobile application to track portfolios

• Auto-invest - A systematic investing plan in equities and mutual funds

• Provision of margin against securities automatically against shares in our Demat account

It Offers

• Easy Equity, want your capital to appreciate fast? Invest in easy equity.

• Easy Derivative, the higher your risk,the greater the returns on your investments.

• Easy IPO, invest early for greater returns.

• Easy Mutual Funds, looking to diversify your risk? Invest in mutual funds.
58

• Easy Insurance, secure your furure and your family’s. There’s more to insurance than
just secure

• Kotak Portfolio Management, the Portfolio service combines competent fund


management, dedicated research and technology to ensure a rewarding experience for its
clien

DATA ANALYSIS
59

Historical Scrip-wise Price Volume Data


AXISBANK - EQ from 3-11-2009 to 5-2-2010

Series Date Prev Open High Low Last Close Total Traded Turnover
Close Price Price Price Price Price in Lacs
Quantity
EQ 05-Nov- 932.15 934.00 1,010.0 911.15 984.90 973.00 1124891 10,989.63
2009 0
EQ 06-Nov- 973.00 985.00 1,003.5 926.30 952.60 946.40 541088 5,276.15
2009 0
EQ 07-Nov- 946.40 958.50 998.00 921.00 934.85 932.45 464193 4,408.03
2009
EQ 08-Nov- 932.45 944.00 944.00 890.65 920.00 921.05 435268 3,974.96
2009
EQ 09-Nov- 921.05 929.70 945.00 903.10 917.00 914.20 29478 271.39
2009
EQ 12-Nov- 914.20 910.00 915.25 870.35 878.50 887.40 717311 6,392.36
2009
EQ 13-Nov- 887.40 890.60 960.00 881.25 955.25 945.50 529265 4,926.56
2009
EQ 14-Nov- 945.50 965.50 998.95 961.25 986.05 990.65 607929 5,972.16
2009
EQ 15-Nov- 990.65 990.50 999.80 956.15 957.10 963.50 281834 2,751.39
2009
EQ 16-Nov- 963.50 945.50 985.90 943.00 979.90 978.30 157730 1,541.21
2009
EQ 19-Nov- 978.30 990.50 999.90 970.15 972.95 980.95 536649 5,265.45
2009
EQ 20-Nov- 980.95 979.70 1,025.0 970.00 1,003.5 996.40 863971 8,668.40
2009 0 0
EQ 21-Nov- 996.40 1,006.0 1,006.8 932.05 943.00 943.20 341243 3,279.07
2009 0 0
EQ 22-Nov- 943.20 940.00 945.00 900.00 933.00 918.90 424122 3,896.84
2009
EQ 23-Nov- 918.90 930.20 950.00 915.00 933.00 926.60 510599 4,752.83
2009
EQ 26-Nov- 926.60 940.00 956.00 925.00 938.90 938.60 1967743 18,279.49
2009
EQ 27-Nov- 938.60 942.00 953.00 921.05 933.00 932.10 439210 4,123.15
2009
EQ 28-Nov- 932.10 943.00 950.00 900.00 904.90 905.70 390065 3,594.51
60

2009
EQ 29-Nov- 905.70 924.90 936.90 908.00 934.40 918.85 669531 6,156.83
2009
EQ 30-Nov- 918.85 917.05 954.70 911.10 934.00 930.65 708034 6,626.18
2009
EQ 03-Dec-2009 930.65 936.15 949.90 930.00 943.00 942.35 362046 3,418.49
EQ 04-Dec-2009 942.35 947.00 950.50 940.00 940.00 944.30 520994 4,936.56
EQ 05-Dec-2009 944.30 943.00 949.80 935.00 940.00 940.10 410243 3,857.62
EQ 06-Dec-2009 940.10 945.10 951.00 916.65 925.00 923.20 501034 4,668.53
EQ 07-Dec-2009 923.20 931.20 940.00 922.00 937.30 938.55 295607 2,763.79
EQ 10-Dec-2009 938.55 940.00 942.50 931.00 937.50 939.65 193147 1,813.86
EQ 11-Dec-2009 939.65 950.00 950.00 936.00 937.50 941.00 451633 4,265.91
EQ 12-Dec-2009 941.00 935.00 955.00 902.25 936.20 942.05 1026354 9,656.66
EQ 13-Dec-2009 942.05 945.00 980.00 945.00 968.60 972.20 922034 8,916.47
EQ 14-Dec-2009 972.20 975.10 998.95 972.15 995.25 994.65 1740002 17,116.44
EQ 17-Dec-2009 994.65 995.25 1,013.3 962.20 995.00 984.45 595392 5,929.05
0
EQ 18-Dec-2009 984.45 994.70 1,000.0 932.30 953.15 952.00 780477 7,490.63
0
EQ 19-Dec-2009 952.00 965.00 978.00 927.00 942.00 939.00 435856 4,137.14
EQ 20-Dec-2009 939.00 941.10 963.00 925.20 931.00 933.85 317888 2,982.08
EQ 24-Dec-2009 933.85 950.00 957.00 936.50 948.05 953.25 469184 4,421.18
EQ 26-Dec-2009 953.25 960.00 975.00 944.00 970.00 970.95 357797 3,445.56
EQ 27-Dec-2009 970.95 974.00 984.00 951.00 955.00 956.40 509643 4,935.30
EQ 28-Dec-2009 956.40 960.00 986.00 953.00 972.00 975.55 354947 3,456.87
EQ 31-Dec-2009 975.55 986.00 988.00 966.00 968.00 970.45 180153 1,755.18
EQ 01-Jan-2010 970.45 970.30 983.45 966.10 972.00 972.55 144716 1,411.27
EQ 02-Jan-2010 972.55 980.00 1,044.9 980.00 1,028.1 1,034.6 737266 7,547.35
5 0 5
EQ 03-Jan-2010 1,034.6 1,030.0 1,049.6 1,025.0 1,034.8 1,035.8 512466 5,336.95
5 0 5 0 0 5
EQ 04-Jan-2010 1,035.8 1,035.0 1,074.4 1,027.1 1,058.9 1,054.9 714826 7,497.62
5 0 5 5 0 0
EQ 07-Jan-2010 1,054.9 1,035.0 1,097.0 980.65 1,092.0 1,090.1 620886 6,711.99
0 0 0 0 5
EQ 08-Jan-2010 1,090.1 1,100.0 1,125.0 1,053.1 1,068.3 1,065.7 644453 7,031.06
5 0 0 0 0 5
EQ 09-Jan-2010 1,065.7 1,070.0 1,119.0 1,065.0 1,098.0 1,095.6 1036253 11,340.59
5 0 0 0 0 0
EQ 10-Jan-2010 1,095.6 1,115.0 1,125.0 1,074.0 1,082.1 1,089.1 945450 10,457.92
0 0 0 5 5 5
EQ 11-Jan-2010 1,089.1 1,099.0 1,179.9 1,080.0 1,170.0 1,169.7 1314561 14,969.32
5 0 5 0 0 5
EQ 14-Jan-2010 1,169.7 1,180.0 1,291.5 1,163.1 1,279.9 1,268.1 1639922 20,029.91
5 0 0 0 5 5
EQ 15-Jan-2010 1,268.1 1,266.0 1,287.6 1,185.0 1,192.0 1,196.5 1280499 15,431.34
5 0 5 5 0 5
EQ 16-Jan-2010 1,196.5 1,190.0 1,198.8 1,139.5 1,161.3 1,156.7 893945 10,447.28
5 0 5 5 0 0
EQ 17-Jan-2010 1,156.7 1,168.0 1,195.0 1,116.0 1,158.5 1,162.0 707204 8,176.88
0 0 0 0 5 5
EQ 18-Jan-2010 1,162.0 1,150.0 1,155.0 1,090.3 1,102.0 1,116.1 619324 6,951.48
5 0 0 0 0 5
EQ 21-Jan-2010 1,116.1 1,080.0 1,138.8 1,020.0 1,062.2 1,060.6 481688 5,162.91
5 0 0 0 5 5
EQ 22-Jan-2010 1,060.6 1,000.0 1,099.0 848.55 970.00 974.60 727925 7,274.22
5 0 0
EQ 23-Jan-2010 974.60 1,038.8 1,100.0 960.00 1,015.0 1,015.7 914760 9,305.06
0 0 0 0
EQ 24-Jan-2010 1,015.7 1,100.0 1,118.9 980.00 984.00 1,002.2 1367278 14,328.63
0 0 0 0
EQ 25-Jan-2010 1,002.2 1,022.0 1,151.0 1,010.0 1,120.4 1,097.7 696260 7,691.92
0 0 0 0 0 5
61

EQ 28-Jan-2010 1,097.7 1,089.0 1,151.0 1,035.3 1,140.1 1,141.4 379140 4,104.96


5 0 0 0 0 5
EQ 29-Jan-2010 1,141.4 1,151.0 1,195.0 1,072.0 1,140.0 1,146.2 865706 9,854.67
5 0 0 0 0 0
EQ 30-Jan-2010 1,146.2 1,082.8 1,149.9 1,070.0 1,086.2 1,105.4 524200 5,786.40
0 0 5 0 0 5
EQ 31-Jan-2010 1,105.4 1,118.0 1,150.0 1,051.0 1,107.0 1,120.8 875349 9,754.74
5 0 0 0 0 0
EQ 01-Feb-2010 1,120.8 1,140.0 1,150.0 1,060.0 1,090.0 1,085.1 1550308 16,834.55
0 0 0 0 0 5
EQ 04-Feb-2010 1,085.1 1,119.0 1,129.8 1,077.0 1,087.0 1,088.9 671293 7,376.07
5 0 0 0 0 5
EQ 05-Feb-2010 1,088.9 1,092.0 1,099.0 1,053.2 1,065.1 1,059.7 398194 4,260.89
5 0 0 5 5 0
62

Historical Scrip-wise Price Volume Data

HDFCBANK - EQ from 3-11-2009 to 5-2-2010

Ser Date Prev Open High Low Last Close Total Turnover
ies Close Price Price Price Price Price Traded in Lacs
Quantity
EQ 05-Nov-2009 1,770.50 1,750.00 1,750.00 1,675.30 1,728.00 1,716.05 459300 7,871.63
EQ 06-Nov-2009 1,716.05 1,725.00 1,747.90 1,690.00 1,709.00 1,708.20 368364 6,327.48
EQ 07-Nov-2009 1,708.20 1,747.70 1,747.70 1,610.00 1,617.00 1,616.85 453604 7,523.32
EQ 08-Nov-2009 1,616.85 1,580.00 1,589.60 1,545.00 1,553.80 1,555.35 521340 8,146.69
EQ 09-Nov-2009 1,555.35 1,600.00 1,600.00 1,526.00 1,536.00 1,536.25 34392 532.41
EQ 12-Nov-2009 1,536.25 1,480.25 1,520.00 1,455.00 1,480.00 1,477.35 836565 12,355.70
EQ 13-Nov-2009 1,477.35 1,425.00 1,680.00 1,425.00 1,580.00 1,574.20 1032292 15,907.37
EQ 14-Nov-2009 1,574.20 1,639.80 1,780.00 1,620.00 1,747.65 1,752.30 1191184 20,445.16
EQ 15-Nov-2009 1,752.30 1,750.00 1,750.00 1,675.25 1,700.00 1,700.45 476846 8,079.36
EQ 16-Nov-2009 1,700.45 1,650.00 1,703.00 1,632.00 1,698.80 1,687.10 658433 11,084.04
EQ 19-Nov-2009 1,687.10 1,690.00 1,690.00 1,645.30 1,651.55 1,654.55 899410 14,905.83
EQ 20-Nov-2009 1,654.55 1,640.00 1,674.45 1,610.55 1,632.05 1,630.30 581577 9,522.36
EQ 21-Nov-2009 1,630.30 1,631.00 1,648.00 1,565.00 1,599.00 1,580.90 578617 9,117.45
EQ 22-Nov-2009 1,580.90 1,579.90 1,605.00 1,551.40 1,600.00 1,591.70 488553 7,694.06
EQ 23-Nov-2009 1,591.70 1,590.00 1,607.00 1,541.30 1,570.00 1,562.70 443631 6,940.45
EQ 26-Nov-2009 1,562.70 1,670.00 1,675.00 1,610.15 1,646.15 1,643.35 425660 7,030.21
EQ 27-Nov-2009 1,643.35 1,625.00 1,660.00 1,600.00 1,630.00 1,632.65 556770 9,037.88
EQ 28-Nov-2009 1,632.65 1,640.00 1,695.00 1,585.00 1,612.20 1,606.35 557962 9,057.67
EQ 29-Nov-2009 1,606.35 1,628.80 1,710.00 1,628.80 1,660.05 1,674.40 1043514 17,520.34
EQ 30-Nov-2009 1,674.40 1,679.70 1,748.35 1,679.70 1,718.00 1,716.15 616420 10,589.09
EQ 03-Dec-2009 1,716.15 1,735.00 1,735.00 1,680.00 1,704.85 1,696.10 490452 8,320.53
EQ 04-Dec-2009 1,696.10 1,728.00 1,728.00 1,690.65 1,696.00 1,701.65 262366 4,463.26
EQ 05-Dec-2009 1,701.65 1,705.00 1,738.00 1,695.00 1,728.80 1,723.80 820097 14,086.41
EQ 06-Dec-2009 1,723.80 1,740.00 1,780.00 1,672.20 1,701.25 1,689.95 518021 8,891.03
EQ 07-Dec-2009 1,689.95 1,710.00 1,740.00 1,710.00 1,721.00 1,719.80 591975 10,189.97
EQ 10-Dec-2009 1,719.80 1,720.00 1,730.00 1,677.40 1,690.00 1,687.95 409597 6,946.48
EQ 11-Dec-2009 1,687.95 1,688.00 1,795.00 1,685.00 1,793.00 1,780.55 363075 6,366.95
EQ 12-Dec-2009 1,780.55 1,777.00 1,798.80 1,721.00 1,784.00 1,784.05 749646 13,158.30
EQ 13-Dec-2009 1,784.05 1,775.00 1,779.00 1,741.30 1,756.20 1,756.35 399961 7,034.60
EQ 14-Dec-2009 1,756.35 1,765.00 1,765.00 1,700.00 1,725.00 1,724.45 477824 8,223.89
EQ 17-Dec-2009 1,724.45 1,719.00 1,719.00 1,665.00 1,674.95 1,683.55 472556 7,952.63
EQ 18-Dec-2009 1,683.55 1,668.00 1,705.00 1,616.55 1,652.30 1,661.75 663386 10,952.31
EQ 19-Dec-2009 1,661.75 1,700.00 1,700.00 1,632.55 1,650.25 1,653.05 551293 9,128.67
EQ 20-Dec-2009 1,653.05 1,650.00 1,659.85 1,626.25 1,647.90 1,642.70 593690 9,750.27
EQ 24-Dec-2009 1,642.70 1,666.15 1,705.00 1,650.30 1,697.05 1,698.15 339653 5,737.27
EQ 26-Dec-2009 1,698.15 1,698.15 1,715.00 1,680.00 1,709.85 1,706.75 216084 3,674.35
EQ 27-Dec-2009 1,706.75 1,710.00 1,758.00 1,710.00 1,755.00 1,745.50 436494 7,576.18
EQ 28-Dec-2009 1,745.50 1,699.00 1,738.00 1,667.20 1,730.00 1,730.30 337737 5,803.40
EQ 31-Dec-2009 1,730.30 1,750.00 1,750.00 1,708.00 1,716.95 1,729.10 188962 3,256.93
EQ 01-Jan-2010 1,729.10 1,730.00 1,739.00 1,705.00 1,738.00 1,729.50 131052 2,259.39
EQ 02-Jan-2010 1,729.50 1,734.00 1,734.80 1,690.30 1,710.00 1,715.30 623975 10,694.62
EQ 03-Jan-2010 1,715.30 1,710.00 1,710.00 1,676.20 1,695.00 1,694.40 701864 11,897.31
EQ 04-Jan-2010 1,694.40 1,703.00 1,714.00 1,694.00 1,695.00 1,696.40 372982 6,335.64
EQ 07-Jan-2010 1,696.40 1,651.00 1,678.40 1,612.30 1,658.00 1,655.40 632246 10,474.34
EQ 08-Jan-2010 1,655.40 1,689.00 1,722.80 1,670.00 1,716.00 1,715.75 916749 15,624.27
EQ 09-Jan-2010 1,715.75 1,714.50 1,767.00 1,700.30 1,746.50 1,744.60 1004919 17,543.68
EQ 10-Jan-2010 1,744.60 1,789.50 1,797.60 1,705.15 1,709.00 1,722.00 861100 15,119.47
EQ 11-Jan-2010 1,722.00 1,728.00 1,778.00 1,722.10 1,771.00 1,764.55 415110 7,247.40
EQ 14-Jan-2010 1,764.55 1,774.00 1,825.00 1,722.30 1,795.00 1,783.15 1167546 20,944.40
EQ 15-Jan-2010 1,783.15 1,820.30 1,820.30 1,766.55 1,785.00 1,788.95 622842 11,194.25
EQ 16-Jan-2010 1,788.95 1,695.00 1,738.60 1,650.30 1,672.00 1,673.75 1228170 20,608.85
EQ 17-Jan-2010 1,673.75 1,662.10 1,668.00 1,612.20 1,645.00 1,643.60 1335669 21,935.60
63

EQ 18-Jan-2010 1,643.60 1,581.10 1,626.00 1,555.60 1,592.90 1,571.00 996741 15,883.88


EQ 21-Jan-2010 1,571.00 1,590.00 1,590.00 1,480.00 1,500.00 1,507.10 743489 11,211.79
EQ 22-Jan-2010 1,507.10 1,498.90 1,780.00 1,351.00 1,460.00 1,426.40 1164506 16,649.32
EQ 23-Jan-2010 1,426.40 1,519.00 1,700.00 1,380.00 1,542.00 1,534.30 933287 14,091.87
EQ 24-Jan-2010 1,534.30 1,530.00 1,637.00 1,475.00 1,545.00 1,510.40 814191 12,416.98
EQ 25-Jan-2010 1,510.40 1,544.00 1,680.00 1,525.10 1,600.00 1,608.45 607231 9,793.74
EQ 28-Jan-2010 1,608.45 1,550.00 1,600.00 1,430.00 1,574.00 1,590.20 595807 9,112.94
EQ 29-Jan-2010 1,590.20 1,598.80 1,627.00 1,500.20 1,531.10 1,537.35 609521 9,476.45
EQ 30-Jan-2010 1,537.35 1,574.00 1,574.00 1,505.00 1,540.00 1,532.95 396511 6,057.46
EQ 31-Jan-2010 1,532.95 1,542.00 1,589.90 1,515.05 1,550.00 1,569.55 639685 9,962.91
EQ 01-Feb-2010 1,569.55 1,575.00 1,582.80 1,485.20 1,580.00 1,571.00 728723 11,174.34
EQ 04-Feb-2010 1,571.00 1,623.80 1,623.80 1,526.00 1,552.00 1,547.40 549130 8,651.79
EQ 05-Feb-2010 1,547.40 1,560.00 1,597.40 1,500.25 1,514.95 1,512.25 607141 9,258.48
64

Historical Scrip-wise Price Volume Data

ICICIBANK - EQ from 3-11-2009 to 5-2-2010


Series
Date Prev Close Open High Price Low Price Last Price Close Total Turnover
Price Price Traded in Lacs
Quantity
EQ 05-Nov- 1,333.40 1,329.85 1,330.00 1,250.15 1,270.00 1,269.85 4281423 55,034.63
2009
EQ 06-Nov- 1,269.85 1,299.40 1,299.40 1,217.25 1,241.35 1,241.80 2750831 34,664.75
2009
EQ 07-Nov- 1,241.80 1,267.70 1,280.00 1,194.00 1,198.65 1,200.80 3414688 41,934.94
2009
EQ 08-Nov- 1,200.80 1,167.00 1,193.00 1,158.00 1,170.00 1,169.05 2502941 29,290.06
2009
EQ 09-Nov- 1,169.05 1,195.00 1,211.35 1,126.00 1,127.05 1,144.45 229938 2,654.03
2009
EQ 12-Nov- 1,144.45 1,100.05 1,162.00 1,084.00 1,153.10 1,145.35 3165992 35,633.13
2009
EQ 13-Nov- 1,145.35 1,145.00 1,199.40 1,110.00 1,178.00 1,173.70 3167296 36,475.44
2009
EQ 14-Nov- 1,173.70 1,233.35 1,303.00 1,206.40 1,295.20 1,278.55 2860771 35,632.17
2009
EQ 15-Nov- 1,278.55 1,280.00 1,294.90 1,222.65 1,242.00 1,241.65 1851422 23,052.27
2009
EQ 16-Nov- 1,241.65 1,210.00 1,244.20 1,205.00 1,220.10 1,220.05 2102401 25,789.41
2009
EQ 19-Nov- 1,220.05 1,225.00 1,240.00 1,178.00 1,181.00 1,187.70 2988405 35,825.37
2009
EQ 20-Nov- 1,187.70 1,170.95 1,210.00 1,145.00 1,160.00 1,160.45 2473108 29,298.49
2009
EQ 21-Nov- 1,160.45 1,175.00 1,175.00 1,080.00 1,111.25 1,106.45 3876611 42,895.99
2009
EQ 22-Nov- 1,106.45 1,110.00 1,160.50 1,085.25 1,155.00 1,145.35 2657045 29,623.92
2009
EQ 23-Nov- 1,145.35 1,129.95 1,159.80 1,110.00 1,138.25 1,139.40 1966269 22,236.66
2009
EQ 26-Nov- 1,139.40 1,164.90 1,178.00 1,148.80 1,151.00 1,156.80 1945629 22,583.29
2009
EQ 27-Nov- 1,156.80 1,144.85 1,144.85 1,105.00 1,130.10 1,132.30 2851531 32,270.52
2009
EQ 28-Nov- 1,132.30 1,169.90 1,169.90 1,116.40 1,122.00 1,122.90 3146108 36,097.23
2009
EQ 29-Nov- 1,122.90 1,148.00 1,185.00 1,140.00 1,158.90 1,161.75 2966209 34,631.28
2009
EQ 30-Nov- 1,161.75 1,170.00 1,193.50 1,146.65 1,175.00 1,178.40 2001418 23,479.35
2009
EQ 03-Dec-2009 1,178.40 1,180.00 1,188.00 1,156.25 1,163.00 1,162.00 3538453 41,222.95
EQ 04-Dec-2009 1,162.00 1,165.00 1,165.00 1,133.20 1,140.90 1,139.70 2556057 29,255.49
EQ 05-Dec-2009 1,139.70 1,145.00 1,177.00 1,131.00 1,171.95 1,164.05 4249970 48,677.84
EQ 06-Dec-2009 1,164.05 1,198.80 1,219.70 1,180.00 1,209.00 1,200.70 3008947 36,056.76
EQ 07-Dec-2009 1,200.70 1,213.00 1,250.00 1,202.25 1,246.00 1,247.60 3265191 40,058.70
EQ 10-Dec-2009 1,247.60 1,250.10 1,284.80 1,237.00 1,273.10 1,271.45 2610260 33,036.30
EQ 11-Dec-2009 1,271.45 1,271.45 1,326.60 1,269.90 1,304.50 1,314.30 2800789 36,434.45
EQ 12-Dec-2009 1,314.30 1,275.00 1,312.90 1,270.00 1,284.85 1,289.90 2459895 31,819.44
EQ 13-Dec-2009 1,289.90 1,290.00 1,299.50 1,231.10 1,248.90 1,242.85 2395639 30,156.98
EQ 14-Dec-2009 1,242.85 1,210.25 1,252.40 1,203.00 1,209.35 1,206.95 2097622 25,691.55
65

EQ 17-Dec-2009 1,206.95 1,238.80 1,238.80 1,155.00 1,169.00 1,166.25 1853668 21,958.63


EQ 18-Dec-2009 1,166.25 1,170.00 1,181.80 1,130.25 1,138.25 1,137.70 3111688 35,927.70
EQ 19-Dec-2009 1,137.70 1,169.35 1,174.65 1,148.15 1,162.00 1,163.40 2581321 30,034.60
EQ 20-Dec-2009 1,163.40 1,175.00 1,180.00 1,145.15 1,163.00 1,157.50 1406846 16,258.45
EQ 24-Dec-2009 1,157.50 1,160.00 1,214.00 1,158.00 1,212.00 1,205.95 2560333 30,836.13
EQ 26-Dec-2009 1,205.95 1,240.00 1,247.40 1,185.25 1,221.05 1,218.90 961699 11,689.08
EQ 27-Dec-2009 1,218.90 1,232.00 1,260.00 1,225.25 1,250.00 1,247.25 2195266 27,186.84
EQ 28-Dec-2009 1,247.25 1,231.00 1,242.00 1,204.00 1,230.00 1,226.70 1040454 12,745.43
EQ 31-Dec-2009 1,226.70 1,238.00 1,249.10 1,200.00 1,235.00 1,238.70 1699272 20,818.64
EQ 01-Jan-2010 1,238.70 1,240.00 1,240.00 1,221.10 1,225.10 1,228.75 731426 8,998.55
EQ 02-Jan-2010 1,228.75 1,248.00 1,299.70 1,205.25 1,275.25 1,267.25 2426074 30,325.30
EQ 03-Jan-2010 1,267.25 1,252.10 1,264.90 1,225.05 1,228.90 1,228.95 2536333 31,433.92
EQ 04-Jan-2010 1,228.95 1,231.60 1,300.00 1,231.60 1,280.00 1,286.30 2567221 32,655.03
EQ 07-Jan-2010 1,286.30 1,280.00 1,379.95 1,234.00 1,366.00 1,362.55 7291435 97,345.46
EQ 08-Jan-2010 1,362.55 1,370.00 1,390.00 1,311.45 1,338.50 1,339.95 4805512 64,449.33
EQ 09-Jan-2010 1,339.95 1,325.00 1,354.85 1,279.10 1,310.00 1,307.95 4109871 54,230.91
EQ 10-Jan-2010 1,307.95 1,340.00 1,400.00 1,320.00 1,358.00 1,356.15 7520813 103,405.36
EQ 11-Jan-2010 1,356.15 1,375.00 1,450.00 1,375.00 1,440.55 1,435.00 5229061 74,374.72
EQ 14-Jan-2010 1,435.00 1,450.00 1,455.50 1,380.65 1,392.70 1,410.00 5177013 73,153.27
EQ 15-Jan-2010 1,410.00 1,400.00 1,410.00 1,332.10 1,351.05 1,352.20 5813189 79,158.63
EQ 16-Jan-2010 1,352.20 1,282.20 1,379.40 1,282.20 1,365.00 1,368.30 6646564 89,528.32
EQ 17-Jan-2010 1,368.30 1,370.20 1,386.00 1,276.55 1,315.00 1,322.10 5403238 72,144.49
EQ 18-Jan-2010 1,322.10 1,318.00 1,340.00 1,221.25 1,240.00 1,248.85 6702240 87,118.74
EQ 21-Jan-2010 1,248.85 1,250.00 1,250.00 1,080.20 1,175.15 1,173.20 9152482 106,882.18
EQ 22-Jan-2010 1,173.20 1,100.20 1,190.00 1,001.65 1,130.00 1,124.95 7178826 79,130.40
EQ 23-Jan-2010 1,124.95 1,175.00 1,250.00 1,124.95 1,180.00 1,151.45 6384997 74,673.54
EQ 24-Jan-2010 1,151.45 1,198.00 1,246.00 1,095.05 1,135.00 1,131.85 5875749 69,277.21
EQ 25-Jan-2010 1,131.85 1,135.00 1,277.00 1,135.00 1,260.00 1,261.30 3905992 48,419.16
EQ 28-Jan-2010 1,261.30 1,240.00 1,284.70 1,200.00 1,270.05 1,273.95 2243611 27,827.78
EQ 29-Jan-2010 1,273.95 1,275.00 1,313.85 1,183.00 1,226.00 1,220.45 3724016 45,785.98
EQ 30-Jan-2010 1,220.45 1,230.00 1,230.00 1,166.00 1,184.00 1,187.40 2047332 24,364.11
EQ 31-Jan-2010 1,187.40 1,190.00 1,212.00 1,131.10 1,147.00 1,147.00 5525805 64,600.06
EQ 01-Feb-2010 1,147.00 1,157.00 1,212.95 1,133.95 1,201.30 1,198.15 3495589 40,969.05
EQ 04-Feb-2010 1,198.15 1,221.00 1,244.90 1,192.05 1,213.00 1,212.25 2159562 26,368.19
EQ 05-Feb-2010 1,212.25 1,208.00 1,209.65 1,180.35 1,200.15 1,191.30 1804756 21,584.92
66

Historical Scrip wise Price Volume Data

TCS - EQ from 3-11-2009 to 5-2-2010


67

Series Date Prev Close Open Price High Price Low Price Last Close Price Total Traded Turnover
Price in Lacs
Quantity
EQ 05-Nov-2009 1,021.20 1,021.00 1,030.80 1,005.25 1,013.00 1,011.30 469117 4,764.07
EQ 06-Nov-2009 1,011.30 1,015.00 1,019.80 1,000.00 1,005.00 1,004.30 549747 5,541.57
EQ 07-Nov-2009 1,004.30 1,005.10 1,009.15 986.10 995.60 997.05 876004 8,730.61
EQ 08-Nov-2009 997.05 990.10 999.80 980.00 996.95 989.65 671741 6,635.18
EQ 09-Nov-2009 989.65 1,015.00 1,015.00 983.10 984.10 985.25 84775 836.15
EQ 12-Nov-2009 985.25 985.25 985.25 960.00 962.00 963.85 1320247 12,809.82
EQ 13-Nov-2009 963.85 963.85 972.70 926.65 945.10 947.35 1174497 11,226.93
EQ 14-Nov-2009 947.35 960.00 1,045.10 960.00 982.55 986.70 897092 8,767.00
EQ 15-Nov-2009 986.70 991.00 997.90 970.00 977.05 980.20 573849 5,632.36
EQ 16-Nov-2009 980.20 980.00 998.00 967.15 984.00 982.90 916704 8,924.59
EQ 19-Nov-2009 982.90 960.10 1,007.40 960.10 992.00 993.50 752563 7,458.36
EQ 20-Nov-2009 993.50 992.00 992.00 957.20 960.10 961.30 1049754 10,162.84
EQ 21-Nov-2009 961.30 962.00 980.80 935.60 938.00 944.80 853448 8,181.56
EQ 22-Nov-2009 944.80 969.70 972.00 935.00 964.90 950.20 647944 6,156.77
EQ 23-Nov-2009 950.20 970.00 970.00 948.90 955.00 960.95 581016 5,566.88
EQ 26-Nov-2009 960.95 980.00 994.00 970.00 984.30 985.10 563717 5,568.98
EQ 27-Nov-2009 985.10 990.00 999.00 970.10 995.00 995.95 376127 3,734.57
EQ 28-Nov-2009 995.95 981.00 1,004.00 970.00 975.00 976.50 759396 7,478.13
EQ 29-Nov-2009 976.50 1,000.00 1,001.70 951.00 972.00 966.05 1257422 12,307.78
EQ 30-Nov-2009 966.05 966.05 1,018.65 966.05 1,006.20 1,012.20 1334666 13,416.81
EQ 03-Dec-2009 1,012.20 1,016.00 1,066.00 1,010.40 1,049.00 1,049.90 1629087 17,072.57
EQ 04-Dec-2009 1,049.90 1,049.90 1,050.00 1,025.05 1,028.90 1,029.70 445956 4,617.53
EQ 05-Dec-2009 1,029.70 1,030.00 1,045.00 1,020.50 1,043.00 1,033.20 517310 5,329.76
EQ 06-Dec-2009 1,033.20 1,040.00 1,051.70 1,031.20 1,038.60 1,035.55 1040863 10,821.24
EQ 07-Dec-2009 1,035.55 1,040.00 1,072.05 1,026.25 1,070.00 1,062.60 1201452 12,621.37
EQ 10-Dec-2009 1,062.60 1,070.10 1,074.00 1,030.00 1,035.00 1,035.60 966005 10,095.45
EQ 11-Dec-2009 1,035.60 1,049.00 1,049.00 1,025.25 1,041.50 1,041.30 726864 7,545.53
EQ 12-Dec-2009 1,041.30 1,028.20 1,060.00 1,026.10 1,049.00 1,053.40 929652 9,676.04
EQ 13-Dec-2009 1,053.40 1,050.00 1,063.80 1,025.30 1,030.00 1,029.60 1162859 12,218.60
EQ 14-Dec-2009 1,029.60 1,015.30 1,055.00 1,015.30 1,035.20 1,040.40 680109 7,092.67
EQ 17-Dec-2009 1,040.40 1,072.40 1,072.40 1,005.00 1,011.00 1,012.40 800832 8,149.18
EQ 18-Dec-2009 1,012.40 1,010.00 1,040.00 1,003.30 1,004.90 1,010.45 961465 9,743.88
EQ 19-Dec-2009 1,010.45 1,012.00 1,028.80 1,008.00 1,023.00 1,024.50 667755 6,817.34
EQ 20-Dec-2009 1,024.50 1,029.50 1,053.95 1,023.00 1,053.95 1,045.35 759005 7,910.21
EQ 24-Dec-2009 1,045.35 1,080.00 1,120.00 1,050.00 1,119.10 1,109.70 1163916 12,768.53
EQ 26-Dec-2009 1,109.70 1,115.00 1,119.70 1,086.15 1,099.20 1,100.30 726499 7,960.30
EQ 27-Dec-2009 1,100.30 1,105.10 1,120.00 1,086.55 1,112.00 1,110.75 1002142 11,051.96
EQ 28-Dec-2009 1,110.75 1,100.00 1,100.00 1,060.00 1,080.05 1,082.15 549149 5,967.63
EQ 31-Dec-2009 1,082.15 1,083.00 1,096.05 1,052.00 1,059.00 1,077.40 539042 5,855.42
EQ 01-Jan-2010 1,077.40 1,077.00 1,077.00 1,052.00 1,053.00 1,054.55 232097 2,453.16
EQ 02-Jan-2010 1,054.55 1,060.00 1,061.00 1,031.50 1,050.00 1,050.00 716231 7,475.04
EQ 03-Jan-2010 1,050.00 1,030.10 1,045.00 1,005.35 1,016.65 1,011.05 1292070 13,185.20
EQ 04-Jan-2010 1,011.05 1,011.05 1,022.90 1,002.30 1,004.20 1,005.20 579717 5,838.42
EQ 07-Jan-2010 1,005.20 1,000.00 1,008.80 972.50 976.50 975.60 911836 8,926.92
EQ 08-Jan-2010 975.60 980.00 992.00 969.30 989.00 987.85 801933 7,875.80
EQ 09-Jan-2010 987.85 994.80 1,006.00 989.90 996.00 996.30 612532 6,115.05
EQ 10-Jan-2010 996.30 998.00 1,009.50 962.00 981.00 981.65 835594 8,298.89
EQ 11-Jan-2010 981.65 915.35 1,004.00 915.35 990.00 989.75 537297 5,289.53
EQ 14-Jan-2010 989.75 999.80 999.80 955.60 960.85 961.15 1039716 10,037.51
EQ 15-Jan-2010 961.15 965.00 968.00 934.00 938.00 940.00 733897 6,934.02
EQ 16-Jan-2010 940.00 940.00 966.70 925.00 943.40 944.95 782989 7,452.17
EQ 17-Jan-2010 944.95 965.80 966.00 919.00 921.00 922.70 1575524 14,643.53
EQ 18-Jan-2010 922.70 929.50 940.00 897.10 904.00 903.20 1083454 9,881.91
EQ 21-Jan-2010 903.20 904.00 904.70 805.25 835.00 831.05 1210008 10,439.84
EQ 22-Jan-2010 831.05 814.70 990.00 725.00 800.25 798.25 1594218 12,362.44
EQ 23-Jan-2010 798.25 859.00 890.00 805.00 852.00 871.95 1339780 11,433.21
EQ 24-Jan-2010 871.95 870.00 888.00 825.75 842.00 843.25 503334 4,309.49
EQ 25-Jan-2010 843.25 853.00 897.70 850.10 892.00 884.60 560779 4,852.18
EQ 28-Jan-2010 884.60 870.00 870.00 825.00 859.95 854.30 621415 5,245.31
EQ 29-Jan-2010 854.30 856.00 884.60 855.00 870.00 867.70 814678 7,053.13
EQ 30-Jan-2010 867.70 882.00 892.00 860.00 864.00 869.85 758214 6,567.77
EQ 31-Jan-2010 869.85 870.00 890.00 835.35 885.00 873.75 1491739 13,029.87
EQ 01-Feb-2010 873.75 885.00 941.10 873.30 930.00 929.50 1042380 9,487.08
68

EQ 04-Feb-2010 929.50 945.00 989.00 939.00 969.00 975.65 932630 9,034.44


EQ 05-Feb-2010 975.65 960.00 975.00 935.65 961.00 955.05 430718 4,127.53

Historical Scrip-wise Price Volume Data

SATYAMCOMP - EQ from 3-11-2008 to 5-2-2009


69

Series Date Prev Close Open Price High Price Low Price Last Price Close Price Total Traded Turnover
in Lacs
Quantity
EQ 05-Nov-2009 461.15 465.00 468.00 448.50 465.00 463.45 3365669 15,412.17
EQ 06-Nov-2009 463.45 465.50 466.00 449.10 452.10 451.75 1869845 8,542.57
EQ 07-Nov-2009 451.75 451.00 456.00 428.00 434.00 436.00 3739673 16,319.53
EQ 08-Nov-2009 436.00 436.00 449.70 421.25 435.10 434.40 1307662 5,619.71
EQ 09-Nov-2009 434.40 433.70 435.00 421.00 425.00 426.50 140636 601.11
EQ 12-Nov-2009 426.50 421.00 440.00 407.30 412.00 413.00 6335025 26,447.76
EQ 13-Nov-2009 413.00 414.00 417.90 408.10 410.10 410.95 2798003 11,526.37
EQ 14-Nov-2009 410.95 420.00 433.00 418.50 430.95 430.70 2332642 9,880.74
EQ 15-Nov-2009 430.70 432.00 432.00 421.10 428.05 428.75 1146540 4,874.15
EQ 16-Nov-2009 428.75 428.75 434.95 415.05 433.00 429.45 2097832 8,863.95
EQ 19-Nov-2009 429.45 431.05 436.95 419.15 426.00 422.75 1646737 7,004.71
EQ 20-Nov-2009 422.75 421.50 423.00 412.70 418.90 418.15 2023071 8,469.40
EQ 21-Nov-2009 418.15 420.00 422.00 406.20 412.15 415.15 1934364 8,013.43
EQ 22-Nov-2009 415.15 415.50 418.00 408.15 415.10 414.00 1209668 4,986.82
EQ 23-Nov-2009 414.00 417.00 422.00 414.00 416.80 418.05 535700 2,240.10
EQ 26-Nov-2009 418.05 420.00 430.40 420.00 427.00 426.45 1195222 5,100.24
EQ 27-Nov-2009 426.45 418.20 430.00 418.20 427.00 427.20 2311308 9,853.05
EQ 28-Nov-2009 427.20 430.00 431.90 423.25 424.40 425.25 1445322 6,170.61
EQ 29-Nov-2009 425.25 432.10 441.90 422.00 428.00 425.10 2402848 10,311.34
EQ 30-Nov-2009 425.10 431.90 442.40 427.10 441.00 440.15 1459930 6,369.62
EQ 03-Dec-2009 440.15 440.50 450.00 440.50 445.00 447.90 2131881 9,479.44
EQ 04-Dec-2009 447.90 448.00 451.90 438.10 440.15 440.45 1589119 7,063.58
EQ 05-Dec-2009 440.45 443.00 447.00 437.00 438.00 439.30 837421 3,678.60
EQ 06-Dec-2009 439.30 442.00 448.00 435.00 436.25 436.75 844746 3,722.27
EQ 07-Dec-2009 436.75 444.70 446.50 434.40 444.25 443.80 5009936 22,037.96
EQ 10-Dec-2009 443.80 450.00 454.40 438.00 438.50 439.75 3151393 14,017.61
EQ 11-Dec-2009 439.75 442.00 444.95 439.10 442.10 442.65 3404124 15,006.32
EQ 12-Dec-2009 442.65 437.00 438.75 428.15 430.25 431.05 1550555 6,702.81
EQ 13-Dec-2009 431.05 433.00 437.00 419.50 421.00 420.60 1877631 7,981.51
EQ 14-Dec-2009 420.60 421.00 424.60 408.05 411.45 411.45 3778793 15,594.97
EQ 17-Dec-2009 411.45 415.00 417.90 402.10 404.50 406.20 3283641 13,459.84
EQ 18-Dec-2009 406.20 405.00 410.45 401.00 405.00 404.95 2759182 11,179.22
EQ 19-Dec-2009 404.95 410.00 411.90 402.50 405.00 404.75 2119926 8,587.46
EQ 20-Dec-2009 404.75 409.75 430.00 406.95 428.20 427.75 3387475 14,269.75
EQ 24-Dec-2009 427.75 433.00 460.00 433.00 458.45 458.00 5989836 26,743.98
EQ 26-Dec-2009 458.00 460.00 461.00 445.25 459.00 459.55 2109531 9,609.30
EQ 27-Dec-2009 459.55 460.00 464.00 440.00 447.00 448.20 3833532 17,413.65
EQ 28-Dec-2009 448.20 449.70 454.75 440.00 451.20 449.60 1088818 4,881.68
EQ 31-Dec-2009 449.60 451.95 460.00 445.10 451.30 452.00 853078 3,839.78
EQ 01-Jan-2010 452.00 452.10 452.50 442.20 442.50 443.65 333932 1,491.18
EQ 02-Jan-2010 443.65 442.10 450.00 433.25 436.50 436.70 1446978 6,336.06
EQ 03-Jan-2010 436.70 435.25 444.50 424.00 426.60 426.25 1745340 7,558.29
EQ 04-Jan-2010 426.25 429.90 434.40 420.40 424.20 422.35 1854334 7,879.45
EQ 07-Jan-2010 422.35 420.00 420.00 410.80 413.70 413.40 3133179 12,970.87
EQ 08-Jan-2010 413.40 418.45 427.70 415.00 425.90 424.40 1491569 6,290.84
EQ 09-Jan-2010 424.40 430.00 439.90 425.55 426.00 427.85 2029743 8,737.94
EQ 10-Jan-2010 427.85 431.00 432.80 417.50 419.75 420.65 1126919 4,804.06
EQ 11-Jan-2010 420.65 405.35 426.65 405.35 411.05 411.10 2311914 9,596.22
EQ 14-Jan-2010 411.10 405.55 422.00 398.00 399.10 399.25 3287510 13,249.50
EQ 15-Jan-2010 399.25 404.00 405.00 385.05 389.00 388.55 2216597 8,747.12
EQ 16-Jan-2010 388.55 382.00 386.40 372.50 382.05 380.95 3568847 13,573.18
EQ 17-Jan-2010 380.95 381.10 384.95 370.10 370.10 372.85 2171219 8,163.07
EQ 18-Jan-2010 372.85 370.00 379.85 365.00 372.00 374.00 4031493 15,010.94
EQ 21-Jan-2010 374.00 370.00 385.65 329.10 385.00 366.55 4869283 17,533.43
EQ 22-Jan-2010 366.55 350.10 379.95 305.00 352.00 353.70 3888004 13,626.73
EQ 23-Jan-2010 353.70 370.00 401.80 362.50 390.25 393.15 3618209 13,791.66
EQ 24-Jan-2010 393.15 400.00 410.05 393.00 400.05 400.15 5129798 20,636.23
EQ 25-Jan-2010 400.15 401.25 412.00 392.00 408.00 407.50 4260752 17,275.34
EQ 28-Jan-2010 407.50 395.00 403.00 390.15 400.00 398.05 2038372 8,077.83
EQ 29-Jan-2010 398.05 398.05 406.90 394.55 396.00 397.95 1315769 5,266.07
EQ 30-Jan-2010 397.95 397.95 401.00 384.15 396.90 397.15 1428526 5,624.42
EQ 31-Jan-2010 397.15 399.70 411.00 378.00 399.00 392.70 5555258 21,728.18
EQ 01-Feb-2010 392.70 400.00 427.70 400.00 417.90 421.20 4075360 16,935.62
EQ 04-Feb-2010 421.20 427.00 441.85 425.00 435.00 437.25 3291566 14,367.34
EQ 05-Feb-2010 437.25 435.00 440.00 424.60 440.00 437.75 1651697 7,138.04
70

Historical Scrip-wise Price Volume Data

INFOSYSTECH - EQ from 3-11-2009 to 5-2-2010


71

Series Date Prev Close Open Price High Price Low Price Last Price Close Price Total Traded Turnover
in Lacs
Quantity
EQ 05-Nov-2009 1,917.15 1,900.00 1,928.70 1,840.35 1,865.00 1,854.00 776435 14,488.39
EQ 06-Nov-2009 1,854.00 1,850.00 1,875.00 1,850.00 1,852.00 1,851.75 564729 10,491.58
EQ 07-Nov-2009 1,851.75 1,851.35 1,851.35 1,735.00 1,741.00 1,745.90 2893925 50,756.43
EQ 08-Nov-2009 1,745.90 1,718.70 1,745.00 1,703.00 1,718.05 1,716.35 1963155 33,788.76
EQ 09-Nov-2009 1,716.35 1,749.00 1,749.00 1,690.05 1,697.00 1,701.15 177058 3,014.53
EQ 12-Nov-2009 1,701.15 1,675.00 1,675.00 1,610.15 1,645.00 1,641.85 3165604 51,972.94
EQ 13-Nov-2009 1,641.85 1,625.00 1,693.10 1,607.00 1,626.75 1,627.15 2939639 47,990.75
EQ 14-Nov-2009 1,627.15 1,680.00 1,730.00 1,656.00 1,700.00 1,707.95 2032751 34,431.55
EQ 15-Nov-2009 1,707.95 1,700.00 1,700.00 1,638.00 1,650.35 1,647.30 1631725 26,997.32
EQ 16-Nov-2009 1,647.30 1,647.30 1,664.00 1,618.00 1,624.00 1,625.00 1213941 19,744.14
EQ 19-Nov-2009 1,625.00 1,650.00 1,650.00 1,615.00 1,618.00 1,619.95 1844587 29,966.78
EQ 20-Nov-2009 1,619.95 1,619.95 1,620.00 1,551.15 1,557.10 1,565.70 2892269 45,967.09
EQ 21-Nov-2009 1,565.70 1,545.00 1,589.00 1,536.60 1,540.00 1,547.10 2120109 33,022.08
EQ 22-Nov-2009 1,547.10 1,545.00 1,570.00 1,517.25 1,528.00 1,531.60 1592547 24,474.58
EQ 23-Nov-2009 1,531.60 1,535.00 1,605.05 1,533.00 1,554.90 1,557.50 2153217 33,719.29
EQ 26-Nov-2009 1,557.50 1,574.00 1,597.50 1,565.00 1,577.00 1,575.95 1191840 18,883.56
EQ 27-Nov-2009 1,575.95 1,575.95 1,586.80 1,560.25 1,571.50 1,573.65 1470594 23,152.01
EQ 28-Nov-2009 1,573.65 1,590.00 1,597.00 1,556.60 1,575.00 1,569.30 1250025 19,775.07
EQ 29-Nov-2009 1,569.30 1,594.70 1,625.00 1,535.00 1,564.90 1,567.25 3007765 47,705.57
EQ 30-Nov-2009 1,567.25 1,585.00 1,625.00 1,571.20 1,605.00 1,602.50 3421610 55,064.32
EQ 03-Dec-2009 1,602.50 1,602.50 1,632.00 1,588.60 1,601.95 1,600.35 2512630 40,262.91
EQ 04-Dec-2009 1,600.35 1,598.50 1,627.70 1,590.80 1,614.90 1,615.30 1420957 22,942.50
EQ 05-Dec-2009 1,615.30 1,619.70 1,619.70 1,590.50 1,606.00 1,603.50 1249594 19,998.11
EQ 06-Dec-2009 1,603.50 1,611.30 1,649.00 1,611.30 1,638.00 1,635.35 1768050 28,873.93
EQ 07-Dec-2009 1,635.35 1,650.00 1,749.30 1,630.25 1,711.00 1,722.30 2717145 46,023.57
EQ 10-Dec-2009 1,722.30 1,739.50 1,767.70 1,700.00 1,744.65 1,748.70 1553271 26,992.67
EQ 11-Dec-2009 1,748.70 1,748.70 1,759.00 1,707.00 1,743.00 1,744.30 1055549 18,300.04
EQ 12-Dec-2009 1,744.30 1,710.00 1,720.00 1,657.00 1,678.00 1,685.75 1543875 26,000.24
EQ 13-Dec-2009 1,685.75 1,694.00 1,698.90 1,652.25 1,662.00 1,659.95 831607 13,911.22
EQ 14-Dec-2009 1,659.95 1,652.00 1,674.70 1,638.10 1,642.00 1,646.30 535147 8,850.65
EQ 17-Dec-2009 1,646.30 1,650.00 1,659.00 1,612.00 1,619.40 1,624.35 918375 15,116.06
EQ 18-Dec-2009 1,624.35 1,533.65 1,675.00 1,533.65 1,619.00 1,617.95 1051672 17,049.43
EQ 19-Dec-2009 1,617.95 1,634.60 1,650.00 1,632.15 1,636.00 1,639.40 662235 10,863.81
EQ 20-Dec-2009 1,639.40 1,647.00 1,720.00 1,644.70 1,705.00 1,695.55 1900506 32,259.61
EQ 24-Dec-2009 1,695.55 1,718.40 1,819.00 1,710.00 1,813.00 1,810.15 2045667 36,685.74
EQ 26-Dec-2009 1,810.15 1,820.00 1,825.55 1,770.00 1,825.05 1,817.80 575547 10,360.83
EQ 27-Dec-2009 1,817.80 1,824.00 1,838.80 1,792.15 1,805.00 1,802.40 1044813 18,953.59
EQ 28-Dec-2009 1,802.40 1,770.00 1,810.00 1,710.10 1,790.00 1,796.25 598020 10,727.93
EQ 31-Dec-2009 1,796.25 1,801.00 1,805.00 1,759.10 1,765.00 1,769.90 659118 11,734.80
EQ 01-Jan-2010 1,769.90 1,766.60 1,778.60 1,742.25 1,746.00 1,746.85 250203 4,399.05
EQ 02-Jan-2010 1,746.85 1,750.00 1,759.35 1,712.40 1,755.00 1,748.30 769382 13,321.85
EQ 03-Jan-2010 1,748.30 1,797.00 1,797.00 1,690.00 1,718.00 1,709.05 1553245 26,663.82
EQ 04-Jan-2010 1,709.05 1,747.40 1,747.40 1,680.00 1,695.00 1,694.90 770790 13,075.98
EQ 07-Jan-2010 1,694.90 1,670.00 1,690.00 1,623.00 1,640.35 1,636.85 1656775 27,164.79
EQ 08-Jan-2010 1,636.85 1,655.00 1,679.90 1,622.15 1,666.95 1,662.25 1941408 32,062.06
EQ 09-Jan-2010 1,662.25 1,655.00 1,699.00 1,646.35 1,650.00 1,652.95 1839335 30,736.52
EQ 10-Jan-2010 1,652.95 1,687.40 1,690.00 1,588.00 1,621.90 1,602.55 1937285 31,706.41
EQ 11-Jan-2010 1,602.55 1,700.00 1,739.25 1,565.00 1,582.20 1,581.75 2829143 45,135.43
EQ 14-Jan-2010 1,581.75 1,599.00 1,610.00 1,525.00 1,531.90 1,529.50 2006353 30,963.35
EQ 15-Jan-2010 1,529.50 1,544.00 1,554.90 1,500.00 1,502.00 1,502.10 1598278 24,268.28
EQ 16-Jan-2010 1,502.10 1,500.00 1,519.00 1,470.10 1,493.00 1,495.30 1390887 20,848.44
EQ 17-Jan-2010 1,495.30 1,500.00 1,525.25 1,485.00 1,492.00 1,490.40 1212450 18,208.46
EQ 18-Jan-2010 1,490.40 1,493.00 1,498.00 1,450.95 1,453.80 1,468.40 1017124 15,077.61
EQ 21-Jan-2010 1,468.40 1,459.90 1,490.00 1,304.20 1,390.05 1,391.10 2771192 38,771.09
EQ 22-Jan-2010 1,391.10 1,340.00 1,444.00 1,255.00 1,440.00 1,380.90 3460069 45,898.85
EQ 23-Jan-2010 1,380.90 1,449.00 1,458.60 1,372.20 1,420.00 1,422.00 2228398 31,506.02
EQ 24-Jan-2010 1,422.00 1,449.00 1,503.00 1,395.00 1,395.00 1,422.55 1742858 25,169.53
EQ 25-Jan-2010 1,422.55 1,430.00 1,538.80 1,430.00 1,527.20 1,519.85 831274 12,388.12
EQ 28-Jan-2010 1,519.85 1,474.00 1,500.00 1,407.25 1,448.00 1,446.35 973586 13,985.02
EQ 29-Jan-2010 1,446.35 1,450.00 1,509.75 1,450.00 1,493.15 1,492.60 1130083 16,892.26
72

EQ 30-Jan-2010 1,492.60 1,511.00 1,511.00 1,472.25 1,490.00 1,493.25 892477 13,309.05


EQ 31-Jan-2010 1,493.25 1,496.00 1,534.90 1,470.20 1,520.00 1,499.05 2235662 33,755.60
EQ 01-Feb-2010 1,499.05 1,506.00 1,608.00 1,506.00 1,590.00 1,594.60 1392995 21,795.57
EQ 04-Feb-2010 1,594.60 1,634.50 1,664.95 1,605.00 1,645.00 1,640.05 1420146 23,317.19
EQ 05-Feb-2010 1,640.05 1,637.00 1,637.00 1,585.00 1,616.00 1,609.30 1002589 16,134.29

BANKING SECTOR

Weekly wise data (in rupees) of NOVEMBER Month


73

WEEKS AXIS HDFC ICICI


1st week 5th 973 1716.05 1267.85
Nov

2nd week 12th 887.4 1477.35 1145.35


nov weeks Axis Hdfc Icici
3rd week 19th nov
1st week 3rd dec980.95 942.35 1664.55
1696.1 1187.7
1162
nd th
2
4th week week 10 dec
26th nov th 938.6 939.65 1687.95
1643.35 1271.45
1156.8
rd
3 week 17 dec 984.45 1683.55 1166.25
4th week 24th dec 953.45 1698.15 1205.95
th st
5 week 31 dec 970.85 1729.1 1238.7
TOTALTotal
AVG avg 944.9875 958.15 1625.325
1698.97 1189.425
1208.87

2000
1800
1600
1400
1200 AXIS
1000 HDFC
800 ICICI
600
400
200
0
1st week 2nd week 3rd week 4th week TOTAL
5th nov 12th nov 19th nov 26th nov AVG

INTERPRETATION

Hear you can see that in banking sector AXIS bank shows less decrease than other
two banks. 2nd week all banks are increased, but over the entire banking sector are
decreased.

Weekly wise data (in rupees) of December Month


74

2000
1800
1600
1400 AXIS
1200
rupees

1000 HDFC
800
600 ICICI
400
200
0
G
c

ec
c

de

de

de
de

AV
td
th

th

th
h

1s

L
3t

10

17

24

TA
k3
ek

ek
k

TO
ee
ee

ee
we

we

w
w

w
t

h
1s

5t
2n

3r

4t

change

INTERPRETATION

In the month of January ICICI shows a positive percentage when other banks are shows a negative
value. Last week of JAN all banks increased, but overall the percentage change is negative.

Weekly wise data (in rupees) of January month


75

WEEKS AXIS HDFC ICICI


1st week 7th jan 1090.15 1655.4 1362.55
2nd week 14th jan 1268.15 1783.15 1410
3rd week 21st jan 1060.65 1507.1 1173.2
4th week 28th jan 1241.45 1590.2 1273.95
TOTAL AVG 1165.1 1633.963 1304.925

2000
1800
1600
1400
1200 AXIS
rupees

1000 HDFC
800 ICICI
600
400
200
0
1st week 2nd week 3rd week 4th week TOTAL
7th jan 14th jan 21st jan 28th jan AVG
change

INTERPRETATION

Hear you can see that in banking sector AXIS bank shows less decrease than other
two banks. 2nd week all banks are increased, but over the entire banking sector are
decreased.

INFORMATION TECHNOLOGY SECTOR


76

Weekly wise data (in percentage) of NOVEMBER Month

WEEKS TCS SATYAM INFOSYS


1st week 5th nov 1011.3 463.45 1854
2nd week 12th nov 963.85 413 1641.85
3rd week 19th nov 993.5 422.75 1619.95
4th week 26th nov 985.1 426.45 1575.95
TOTAL AVG 988.4375 431.4125 1672.9375

2000
1800
1600
1400
1200 TCS
rupees

1000 SATYAM
800 INFOSYS
600
400
200
0
1st week 2nd week 3rd week 4th week TOTAL
5th nov 12th nov 19th nov 26th nov AVG
change

INTERPRETATION

Hear you can see in the month of November all the three companies showed a negative
average, But SATYAM shows a less (-1.92) decrees& INFOSYS is the highest looser.

Weekly wise data (in rupees) of December Month


77

WEEKS TCS SATYAM INFOSYS


1st week 3rd dec 1049.9 447.9 1600.35
2nd week 10th dec 1035.6 439.75 1748.7
3rd week 17th dec 1012.4 406.2 1624.35
4th week 24th dec 1109.11 458 1810.15
5th week31st dec 1077.4 452 1769.9
TOTAL AVG 1056.882 440.77 1710.69

2000
1800
1600
1400 TCS
1200
rupees

1000 SATYAM
800
600 INFOSYS
400
200
0
G
c

ec
c

de

de

de
de

AV
td
th

th

th
h

1s

L
3t

10

17

24

TA
k3
ek

ek

TO
ee
ee

ee
we

we

w
w

w
t

h
1s

5t
2n

3r

4t

change

INTERPRETATION

In this month 1st week &4th week is good because all companies have positive increase in
their shares. Other three weeks is not good for TCS&SATYAM.2ND WEEK is good for INFOSYS.
Over all performance is good for all companies in these months.

Weekly wise data (in rupees) of January month


78

WEEKS TCS SATYAM INFOSYS


1st week 7th jan 975.6 413.4 1636.85
2nd week 14th jan 961.15 399.25 1529.5
3rd week 21st jan 831.05 366.55 1391.1
4th week 28th jan 854.3 398.05 1446.35
TOTAL AVG 905.525 394.3125 1500.95

1800
1600
1400
1200
TCS
rupees

1000
SATYAM
800
INFOSYS
600
400
200
0
1st week 2nd week 3rd week 4th week TOTAL
7th jan 14th jan 21st jan 28th jan AVG
change

INTERPRETATION

If we see the month of January all companies shows negative value. All companies not performed
well. In this 4th week is good for the all companies. In this month SATYAM is less loose.
79

FINDINGS
&
CONCLUSIONS
80

FINDINGS

• In the month of November IT and Banking sector is not performed well. In this month
INFOSYS is the highest looser as well as AXIS is the less loose.
• Where as in the month of December IT& BANKIG performed well. Unfortunately
INFOSYS is highest gainer then all companies from IT. In BANKING ICICI is the best
performer.
• In the last month that is January both IT&BANKING sectors showed negative
performance. But in ICICI bank there is some increase by 1.3
• In BANKING sector we can see ICICI bank has performed well when compared to other
two companies.
• In IT sector we can see TCS has performed well when compared to other companies, where
they have negative average.
• If we compare both sectors no any sector performed well. But TCS from IT&ICICI from
banking is good to investment.
• From the over all observation banking sector is good, because of the less fluctuations.
• If we see Banking sector it is increased in December, But other two months it has
decreased.
• In HDFC also the same thing ,it is increased in December other two months it is decreased.
• But in ICICI only in November it is decreased &other two months it is increased.
• From the it sector TCS performed well in December remaining two months it is decreased.
• In SATYAM there is decrees in November &January also there is some increase in
December month.
• From the IT sector INFOSYS is the highest looser. In November month it last more than
12%.in December there is some increase. Than again there is some decrease in January.
81

CONCLUSION

• It can be noted that the ‘t’ values are non-random and statistically significant for

many stocks and Nifty Index as well.

• To regard the Indian Stock Market asWeak Form Efficient, the ‘t’ values should be less
than 2.
• It can be seen that the Random Walk Theory has been violated in most of thecases by both
Nifty Index and individual stocks as shown by the correlationresults.
• This can be due to various factors like insider trading and rumors.
• Thus, it can be concluded that neither the Indian Stock Market nor any of thestocks can be
categorized as Weak Form Efficient
82

SUGGESTIONS
&
RECOMMENDATIONS

RECOMMENDATIONS:
83

Although kotak secuirites reached stature of being the CAPITAL MARKETON BANKING&IT
SECTOR, it can give little bit attention on following things.

• KOTAK SECURITES can rethink on the tariff charged on the service .it is comparatively
little high with competitors. And also customers express dissatisfaction towards Tariff.

• Existing clients are the just like brand ambassador for organisation through that SHCIL can
advertise on products and other new service of KOTAK SECURITIES for that protecting
the interest of clients through value added service.

• Every six months or a year KOTAK SECURITIES can conduct interaction with clients
regarding new developments in the market, in organisation, awareness about the new
service, rules from government etc.

• The front office employees are the key to maintain good relation by providing adequate
information about customer queries.

• KOTAK SECURITIES should publish Monthly chronicle, supply to investor proving the
market Updating.

SUGGESTIONS:

• It and banking sector had losses in to the month, and find out the what problems having the
company.
• Where as in the month of December IT& BANKIG performed well. Continue the same
strategies using the month of December.
• In BANKING sector we can see ICICI bank has performed well when compared to other
two companies. ICICI bank has performed good. ICICI Continue the same strategies on the
company.
• But in ICICI only in November it is decreased &other two months it is increased.so that we
give preference to the ICICI bank.
• From the IT sector INFOSYS is the highest looser. In November month it last more than
12%.in December there is some increase. Than again there is some decrease in January.so
we give most important to the banking sector in capital market.
84

BIBLOGRAPHY
85

BOOKS
1. INVESTMENT ANALYSIS AND PORTFOLIO MANAGEMENT. By
M.RANGANATHAM & R.MADHUMATHI.

2. SECURITY ANALYSIS. of ICFAI.

3. FINANCIAL MARKETS AND SERVICES. , by GORDON & NATRAJAN.

4. INVESTMENT MANAGEMENT. , V.K. BHALLA.

5. RESEARCH METHODOLOGY, BY C.R.KOTHARI.

♦ WWW.NSEINDIA.COM

♦ WWW.BSEINDIA.COM

♦ WWW.KOTAKSECURITIES.COM

♦ WWW.AXISBANK.COM

♦ WWW.HDFCBANK.COM

♦ WWW.ICICIBANK.COM

♦ WWW.TCS.COM

♦ WWW.SATYAM.COM

♦ WWW.INFOSYS.COM

You might also like