INTRODUCTION

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

Technically, this is

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

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

For carrying out risk analysis, following methods are used

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

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

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

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

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

Investment Risks

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

1. Stand-alone risk

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

Stand-alone risk = Market risk + Firm specific risk

Where,

o

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

o

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

2. Portfolio risk

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

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

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

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

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

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

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

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

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

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

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

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RESEARCH METHODOLOGY
RESEARCH DESIGN

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

Internet

Share prices of different NSE Sensex companies.

Information provide by Steel City Securities Limited

Magazine

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

678 DP client accounts 30 .617 DP client accounts • Set up the 50th Centre 2003 • Commenced distribution of insurance products • Maintained 22.• Set up 10th centre during the year 2000 • SEBI's Approval as Depository Participant of National Securities Depository Limited • Own In-house back office software developed named "STEEL PACK" 2001 • Obtained Membership of BSE by Steel City Capital services Pvt.353 DP client accounts 2002 • SEBI's Approval as Depository Participant of Central Depository Services (I) Limited • Started the operations of Futures & Options segment in May • Incorporated Steel City Insurance Agencies Private Limited in August • Maintained 7. Limited • Maintained 3.

they have created awareness for all categories of business people to plan their investments in these growing financial 31 .497 DP client accounts • Set up the 100th Centre Services They are providing a trading platform of Capital Market. Their Research and Analysis team to focus on market movements for investment opportunities towards business growth and also to minimize the risk. Commodities and Currency Derivatives. Futures & Options. Business Network They have foot print of 61branches and 245 sub-broker locations across India with 1600+ terminal licenses being connected to the Central Location. Their business is being extended to the remote locations where. They promote pension schemes through PFRDA for the retirement benefits of both employees and business people.2004 • Membership of Multi commodity exchange of India Limited and National Commodity &Derivatives Exchange Limited • Started the operations of Mutual Funds in February • Maintained 37. They are also a depository participant of NDSL and CDSL having their own trading clients more than 1.25 lacs to serve more transparently. They have distribution of Mutual funds and IPO with smart advisory team members to reach every potential investor and to encourage their investments and growth plans. Their online Back-office application is available on 24/7 basis to get the required information instantly.

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

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

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

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

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

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

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

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

credit cards and asset management. The Bank has 97 branches/offices in 24 countries 40 . especially that of Gujaratis. in Gujarat. 7.BANK OF BARODA Bank of Baroda (BoB) (BSE: 532134) is the highest profit-making public sector undertaking (PSU) bank in India and the second largest PSU bank in terms of number of total business in India. the Bank of Baroda followed the Indian diaspora. Its total global business was Rs. one of the knights of the Maratha Kingdom.583 billion. 3. by theGovernment of India. founded the bank on 20 July 1908 in thePrincely State of Baroda. H.it is the country's first largest public sector lender in terms of annual profit. a network of 4261 branches (out of which 4168 branches are in India) and offices. BoB has total assets in excess of Rs. 3. was nationalised on 19 July 1969. along with 13 other major commercial banks of India. S S Mundhra was appointed as the bank's chairman and MD in january 2013. Its headquarter is in Vadodara and corporate headquarter is in Bandra Kurla Complex Mumbai. H. or Rs.58 trillion (short scale). Based in Vadodara. The Maharaja of Baroda.003. Sir Sayajirao Gaekwad III. He was an executive director in Union Bank of India prior to the appointment. It plans to open 400 new branches in the coming year.30 billion as of 30 Sep 2012. The bank. It offers a wide range of banking products and financial services to corporate and retail customers through its delivery channels and through its specialised subsidiaries and affiliates in the areas of investment banking. and over 2000 ATMs. International presence In its international expansion. India.[4][5][5][6] BoB is ranked 715 on Forbes Global 2000 list.

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

41

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

42

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

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

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

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

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

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

Branded Apparel. ITC has a diversified presence in FMCG (Fast Moving Consumer Goods). West Bengal. TC was formed on August 24.4% owned by British corporation. and shares ancestry with Imperial Tobacco of the United Kingdom.T. Packaging. Paperboards. While ITC is an outstanding market leader in its traditional businesses of Hotels.000 people at more than 60 locations across India and is listed on Forbes 2000. ITC's annual turnover stood at $7 billion and market capitalization of over $34 billion. and was rechristened to India Tobacco Company in 1970 and then to I. Agri-Exports and Cigarettes. Paper & Packaging and Agri Business. It employs over 29. Paperboards. She is an additional non-executive director of the cigarettes-FMCG-hotel major. Hotels. 1910 under the name Imperial Tobacco Company of India Limited. but it is now fully independent. it is rapidly gaining market share even in its nascent businesses of Packaged Foods & Confectionery. ITC Limited completed 100 years on 24 August 2010. British American Tobacco)headquartered in Kolkata. India.[2] Its diversified business includes four segments: Fast Moving Consumer Goods (FMCG). Paperboards & Specialty Papers. The company is currently headed by Yogesh Chander Deveshwar. Later the name of the Company was changed from Imperial Tobacco 49 . Meera Shankar joined the board of ITC Ltd as the first women director in its history.C. Packaging. The company has its registered office in Kolkata. Agri-Business and Information Technology. It started off as the Imperial Tobacco Company. Limited in 1974.ITC ITC Limited (BSE: 500875) or ITC is an Indian public conglomerate company (25. Personal Care and Stationery. Hotels.

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

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

embossed with the words "Made in England by Lever Brothers" were shipped to the Kolkata harbour and it began an era of marketing branded Fast Moving Consumer Goods (FMCG). As per Nielsen market research data. Hindustan Vanaspati Mfg. Ltd. Hindustan Unilever's distribution covers over 2 million retail outlets across India directly and its products are available in over 6. Brands HUL is the market leader in Indian consumer products with presence in over 20 consumer categories such as soaps. beverages. It is owned by the British-Dutch company Unilever which controls 52% majority stake in HUL.500 employees [2] and contributes to indirect employment of over 65. Co. tea. Lever Brothers started its actual operations in India in the summer of 1888.000 people. HUL was formed in 1933 as Lever Brothers India Limited and came into being in 1956 as Hindustan Lever Limited through a merger of Lever Brothers. and United Traders Ltd. when crates full of Sunlight soap bars. India and has an employee strength of over 16. Maharashtra. cleaning agents and personal care products. Eighteen of HUL‘s brands 52 . Its products include foods. The company was renamed in June 2007 as ―Hindustan Unilever Limited‖. detergents and shampoos amongst others with over 700 million Indian consumers using its products.4 million outlets in the country. two out of three Indians use HUL products. It is headquartered in Mumbai.HUL (HINDUSTAN UNILEVER) Hindustan Unilever Limited (HUL) (BSE: 500696) is India's largest consumer goods company based in Mumbai.

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

1 162 151 160.25 150.1224 -0.9 444 4.786 -1.068 -1.1 151 171. 1 DATE BANK OF BARODA 1/4/09 2/4/09 6/4/09 8/4/09 9/4/09 13/04/09 15/04/09 16/04/09 17/04/09 20/04/09 21/04/09 22/04/09 23/04/09 24/04/09 27/04/09 28/04/09 29/04/09 4/5/09 5/5/09 6/5/09 7/5/09 8/5/09 11/5/09 12/5/09 13/05/09 14/05/09 15/05/09 18/05/09 19/05/09 20/05/09 21/05/09 22/05/09 25/05/09 26/05/09 27/05/09 ITC HUL PRICE RETU RN PRICE 140.350 4.148 2.885 PRICE .45 332 328.9 327.7 3478.5 189.9 241.4 181.9735 4.384 0.25 283.4 3255.819 3.303 235.3850 0.8018 8.3 0.125 6.210 -1.25 198.95 190 189.2 3381.2 2.0417 -2.1 5.850 -3.3572 -0.0000 3.114 1.9 324 321.8299 -3.268 10.1 0.623 2.593 -2.2933 -1.013 2.4 191.85 449.529 230 -1.9434 4211.161 234.2 193.85 188.95 402.256 225.828 -0.962 18.026 -5.7 233.5 185.9 234.3772 1.594 1.093 17.9 142.012 4.029 -8.9 -1.5 174 168 172 162.1 304.5 186.370 231 238.25 156.364 -1.523 0.052 1.8 3615.6 155.622 0.219 9.8 192.85 190 187 -4.4 -0.3696 2.950 3.793 -1.9 3673.8 4270.95 170.5 230.75 235.244 0.2509 -1.133 PRICE 230.633 5.064 -0.5991 1.606 -1.934 -7.3 3469.6 4117.45 3.2623 4238.8 3631.442 2.5 162.9792 3376.298 0.9 -0.854 -8.143 -1.2 247.2 3681.448 2.25 1.783 -0.4149 3023.4 3369.936 2.85 206.2 4325 4318.692 -0.420 -3.242 3.95 245 234.831 3.1 3211.235 0.2519 -1.5 3662 3617.35 186.1 410.780 -6.6949 -0.146 -1.059 0.233 243.931 0.006 -0.437 1.8 294 309 RETU RN UNION BANK 54 RETUR N NIFTY RETURN INDEX RETU RN .8 178.9 233.15 184.6 225.690 3.664 -1.3 332.15 212.043 -3.121 231 -0.768 9.8597 -3.5 3384.15 442.787 3.6 3481. HUL AND NIFTY FOR THE QUARTER STARTING FROM 1ST APRIL 2009 TO 30TH JUNE 2009 TABLE NO.684 13.4248 1.443 -5.842 1.9 3061.9 283.1294 7.746 241 -1.2318 -2.95 188.474 -0.5 3484.415 -1.838 -3.381 -5.55 226 236 240 239.795 1.353 242.1 205 198 194.0284 0.706 -8.25 152 156.419 5.9 3597.035 -2.223 1.6 241 239 230.370 2.085 -2.621 3.1 240.1 186.828 22.540 -2.685 -0.0851 -4.9502 -3.801 182.1485 2.160 1.5 -2.087 -3.282 -1.35 191.1663 -0.552 6.341 -0.249 1.745 -0.530 1.026 -0.PRICE AND RETURNS OF BANK OF BARODA.213 -6.8 3554.8 181.05 -0.594 11.25 240.277 4.754 -0.176 3.388 0.2 170.027 6.25 161.5 3371.173 5.265 2.281 2.3 0.594 5.579 429. ITC LTD.55 160. UNION BANK.564 3.074 -2.4 190 190.4 3346 3342.85 192 189 188 185.351 240 0 0.189 -0.55 192.65 266 272.5 3423.9 429.539 -0.9 -1.311 191 192 186 198.05 242.910 1.35 141 154.311 3.25 294.054 7.0204 -4.8 242.4 337 337.411 15.796 185.55 294.6 3330.223 0.756 235.1 4239.25 227.9 190.645 0.15 190.8 1.235 3.718 0.65 -0.65 -0.1 170.7 3664.35 202.75 341 404.102 21.036 7.230 4.524 -3.9 150.238 156 158.0984 -1.7 3668.470 5.114 1.3333 -2.740 -3.9 -4.1 222 226 244.75 316 314 329.563 235.8 186.5356 -1.609 0.691 9.339 -2.790 6.2 7.15 187.0426 -0.454 237.7237 3364.

4871 1.916 -6.7 195 197 194.6993 0.8 452.25 260.5 - 1.397 252 5.229 0.263 -2.5 198 203.511 2.05 259.2 410.1 4515.25 -0.4 4391.227 1.0000 1.8 4551.65 266 265 0.618 0.55 215.912 232 0.2 4340.6383 5.4 4353 4251.879 -4.142 .712 8.1 -0.9 444 454 -1.374 - 1.5 214 212.7 -1.05 190.833 -3.2 4223.4023 -0.3 4293.15 212 217.7 4657.597 -2.6 433.234 - 0.5 4525.000 250.3759 4478.800 -0.252 228.0000 -1.405 233.6750 0.949 0.140 5.374 2.95 181.106 0.5 260.484 -2.8151 0.1 4314.3502 4584.880 -2.5 437.28/05/09 29/05/09 1/6/09 2/6/09 3/6/09 4/6/09 5/6/09 8/6/09 9/6/09 10/6/09 11/6/09 12/6/09 15/06/09 16/06/09 17/06/09 18/06/09 19/06/09 22/06/09 23/06/09 24/06/09 25/06/09 26/06/09 29/06/09 30/06/09 Avg.85 191 196 198.75 216 -5.1 220 230 229 233.339 2.199 -3.123 - 55 0.841 -1.325 0.55 420 436.2 210.013 1.141 258 267 261.097 -1.799 -2.778 12.9908 0.85 418 440 430.110 0.1 415 447.107 0.429 257 -0.771 3.168 -9.032 257 2.341 1.4 4637.677 -1.5 0.802 1.108 228.9 0.6 220.545 -0.25 191 196 196 210.764 4.0388 3.230 -1.4884 -2.95 4375.594 -3.000 3.798 2.269 0.7237 -2.4 447 441.9841 2.812 -1.1536 -0.911 -0.322 -0.155 -0.05 212.368 - 0.284 13.097 0.000 7.000 4.235 1.285 1.167 7.4 4427.3 4247.8 4450.461 2.588 -6.9159 2.026 -1.779 -5.25 261 262.15 400 432 450 485 188.025 252 -10.5572 0.8 203 203 202.7 202.8 422.4456 -0.148 -2.5 198 194 193.788 -1.435 2.8140 0.682 7.2871 0.525 1.55 411.859 1.173 195 194.05 205.450 4.209 236.8 185 195 194.222 2.4 4530.094 -0. Return 436 443.5 -2.5 184.0192 -0.9 4243.618 264 1.697 0.425 257.6 3.216 4.568 1.665 5.7 223.020 -0.539 232 -0.696 -0.075 -2.186 -1.1 211.3 4582.5 4530.3 4573.55 259.528 186.55 5.9 246 5.4989 0.256 1.406 -2.271 1.163 3.393 2.258 5.146 -2.969 -1.5 204.7 436.103 235 4.6515 4276.

123 0..719 3.e.e.25 20 15 5 0 -5 -10 1/4/2009 6/4/2009 9/4/2009 15/04/2009 17/04/2009 21/04/2009 23/04/2009 27/04/2009 29/04/2009 5/5/2009 7/5/2009 11/5/2009 13/05/2009 15/05/2009 19/05/2009 21/05/2009 25/05/2009 27/05/2009 29/05/2009 2/6/2009 4/6/2009 8/6/2009 10/6/2009 12/6/2009 16/06/2009 18/06/2009 22/06/2009 24/06/2009 26/06/2009 30/06/2009 RETURNS 10 -15 -20 -25 DATE BANK OF BARODA AVERAGE RETURN RISK UNION BANK ITC BANK OF BARODA UNION BANK OF INDIA ITC HUL NIFTY 1. ITC has low returns when compared to other companies.284 5.516 3. 56 .123.379 2.284 HUL has less risk when compared to other companies i.077 INTERPRETATION: From the above analysis.516. 0.e.. 6. 2.234 0.234 and 0.142 0.374 followed by 1. Standard deviation (Risk) is more for Bank of Baroda i.677 6.142..374 1. it is clear that the average return is more for Bank of Baroda i. 1.

383 232.5 231.7 212 212.340 -0.5 -0.85 2.846 235 4.4 3974.141 425.427 234.993 -1.564 -0.606 258 5.892 -0.9 6.792 427 0.306 237 -8.8 -1.045 424.9 4078.212 431 -6.182 -2.1 4120.95 221.076 391.8 4568.286 -2.745 258 7.3 4373.785 3.8 4389.334 2.188 1.943 235 -6.1 -2.059 440 0.930 0.05 231 234 238 238 236 247.154 1.076 -1.815 2.911 -0.341 3.3 298 289 276.75 -7.830 375 -5.488 427.2 1.299 1.216 445 0.85 264.296 445 1.3 4429.8 219.5 277 273 268.5 4347.697 -1.154 250 -4.000 -0.15 247.976 1.9 273.947 -2.2 4578.593 -0.15 273.335 0.134 1.566 448 1.000 236 0.054 260 0.823 -0.877 -3.620 4.2 0.8 57 RET URN 1.25 2.000 2.840 5.455 424.1 223 230.111 -0.951 0.55 269.8 RETU RN 1.6 4166 4201.8 4081.9 -0.288 -0.234 214.075 -0.9 4501.9 256.7 220.604 NIFTY INDEX 4292.522 396 2.187 1.280 -1.917 -4.3 240 233 222 220.5 -1.5 4469.274 4.640 409.426 235 0.519 -0.421 0.45 267.715 -1.4 207.918 5.8 4706.7 2.626 -2.1 -2.893 -5.847 232.3 4409.05 210.497 433.732 3.5 199.6 259 RET URN 2.85 191 192.5 278.125 2.05 271.5 4435 4473.7 4572.340 1.610 0.95 3.775 263 1.555 .087 -4.208 402.444 -1.166 214.810 424.85 -5.3 4681 4694.1 -1.198 1.541 HUL PRIC E 266. ITC LTD.8 253 248.8 271.187 -1.9 247.428 -0.616 -1.303 399.361 1.599 1.021 415 -2.5 202.856 440 3.4 4591.307 438.513 228.377 2.25 223.8 -1.678 0.221 221.889 228 -0.219 221.350 0.710 441.632 4.357 234 -0.95 -2.444 234 -0.373 440 3.338 1.8 4513.188 3.691 2.8 232 228.930 0.1 269.070 0.3 192.2 -0.969 0.674 434 0.296 1.6 4633.461 2.875 -0.212 -2.3 266.8 4223.5 3.5 284 302 278 270 283 291 285.85 2.847 225 -3.153 -1.932 442.262 -2.378 418.588 1.020 -3.136 427 -4.9 4486.8 -2.1 -0.8 266.1 -1.469 245 -1.656 429.492 0.3 -0.7 -4.065 -1.551 -1.538 0.2 263 259.770 -4. UNION BANK.5 266 269.8 2.419 216.256 ITC PRIC E 190.8 4458.091 -0.827 -1.518 UNION BANK PRIC RET E URN 243 249 2.8 -0.726 241 3.975 6.5 241 234.859 3. 2 DATE 1/7/09 2/7/09 3/7/09 6/7/09 7/7/09 8/7/09 9/7/09 10/7/09 13/07/09 14/07/09 15/07/09 16/07/09 17/07/09 20/07/09 21/07/09 22/07/09 23/07/09 24/07/09 27/07/09 28/07/09 29/07/09 30/07/09 31/07/09 3/8/09 4/8/09 5/8/09 6/8/09 7/8/09 10/8/09 11/8/09 12/8/09 13/08/09 14/08/09 17/08/09 18/08/09 19/08/09 BANK OF BARODA RETU PRICE RN 452 462 2.818 437 -2.020 -4.959 4.451 -3.85 -2.403 5.219 226.3 266.200 427 6.9 272 260.8 4565.179 433.637 385.338 -7.PRICE AND RETURNS OF BANK OF BARODA.408 429.098 -1. HUL AND NIFTY FOR THE QUARTER STARTING FROM 1ST JULY 2009 TO 30TH SEPTEMBER 2009 TABLE NO.05 -6.752 -3.220 226 -0.654 218.602 208 -3.572 -4.4 4.878 4.943 -3.1 4571.590 3.5 214.800 5.426 234 -0.858 224 0.8 217.282 409.5 4457.148 0.721 -0.917 -0.140 227 -4.5 4377.4 4003.612 -0.85 268.709 0.959 0.341 210.861 -2.992 236 5.5 4231.538 -0.6 4605.295 -1.7 4524.

129 259.019 0.5 0.902 -1.933 259.739 224.8 212 217 218 224 220.7 4682.9 4804.515 0.104 261.227 -0.357 260.480 228 0.461 0.429 257.6 4964 4977.376 267.695 0.055 4.20/08/09 21/08/09 24/08/09 25/08/09 26/08/09 27/08/09 28/08/09 31/08/09 1/9/09 2/9/09 3/9/09 4/9/09 7/9/09 8/9/09 9/9/09 10/9/09 11/9/09 14/09/09 15/09/09 16/09/09 17/09/09 18/09/09 22/09/09 23/09/09 24/09/09 25/09/09 29/09/09 30/09/09 AVG.039 261 2.861 -0.9 1.437 267 2.724 266.626 1.388 259 1.271 231.226 228 -1.521 0.420 0.092 228 -2.138 263 -1.329 269 0.9 425.252 -3.201 0.4 4453.451 -0.106 2.5 - 0.3 -0.065 -0.5 4679 4688.35 472.9 481.9 3.5 4537 4641.042 232.65 246.875 2.111 261 3.2 4985.4 4782.956 -0.965 1.9 433.024 - 0.2 -5.752 236.383 0.7 4659.380 225.869 230.109 0.587 229 -2.435 4394.15 226.897 2.688 271 -1.621 256.905 -1.379 237 2.875 -1.6 457.224 231.95 427.341 0.001 1.927 231.472 -2.208 260 -1.65 1.039 241 1.1 245.5 -0.678 0.182 265 0.391 -0.5 0.870 2.861 -0.55 470 467.731 236.690 -1.25 227.2 434.4 4808.049 226.322 225 0.1 240 247.371 0.761 228.853 0.197 0.144 2.853 235.4 4819.95 1.7 431 430.9 0.806 -2.490 1.027 262 0.092 5.9 1.9 487.7 -1.986 256.005 -2.160 -0.2 4624 4608.618 0.5 4.476 240.046 -0.255 205.683 235 3.2 425 425.553 258 0.042 2.422 1.25 465.85 -1.1 4959.8 4608.8 214 210 211 212.25 -2.322 0.247 0.5 0.266 259.272 3.040 234 -1.385 3.55 224.978 -0.105 0.5 2.9 0.2 456.8 215.1 1.010 2.5 2.447 2.25 217.212 -0.219 267.848 -0.766 0.4 4730.364 - .440 261 0.65 -0.904 274.9 437.308 0.186 1.455 1.5 2.9 456.95 -0.829 -2.011 0.1 5020 4977.113 256.132 -2.35 483 -1.7 490 476.327 2.601 -1.306 0.674 232 -2. RETUR N 418.45 434 442.265 0.4 4894.156 1.8 2.000 264.743 2.080 228.071 0.819 -0.599 2.345 1.151 - -2.9 4814.1 223.45 -1.148 232 3.410 233 -1.2 248 235.330 -0.068 275.3 250 248.145 0.9 4662.15 -1.8 247.461 228 -0.643 -0.7 433 432.474 -3.070 264.3 3.555 -0.1 205 211 211.9 429.153 -0.367 -1.45 1.7 4958.581 -1.6 6.45 474.2 5007.358 229 0.2 -2.4 4830.951 0.3 -4.513 0.259 - 58 0.795 1.

364 followed by 0.000 -10.726 INTERPRETATION: From the above study.024 0.685 2.011 0.036.151 for Bank of Baroda. for ITC 2.515.000 25/09/2009 22/09/2009 16/09/2009 11/9/2009 8/9/2009 3/9/2009 31/08/2009 26/08/2009 21/08/2009 18/08/2009 13/08/2009 10/8/2009 5/8/2009 31/07/2009 28/07/2009 23/07/2009 20/07/2009 15/07/2009 -4.818 2.151 -0.000 -8.000 6. 0.8. Return is more for ITC i. 59 .259 3.000 10/7/2009 -2.515 1.818.000 DATE BANK OF BARODA - AVERAGE RETURN RISK UNION BANK - ITC - HUL - NIFTY - BANK OF BARODA UNION BANK OF INDIA ITC HUL NIFTY 0.364 0.036 2. 0.000 7/7/2009 0.000 -6. Risk is more for Bank of baroda with 3.e.000 2/7/2009 RETURN 2. risk is 2.011 for Union Bank of India.685 and for HUL the risk is 2.000 4.024 for HUL and -0. for union bank..

6 -1.992 -0.167 232.501 -1.5 252.157 267.833 14/10/09 496 1.283 21/10/09 507.050 60 282 282 .356 2.1 268.304 1.160 0.267 -0.25 1.1 4751.3 492.370 1.581 -2.684 -2.35 -1.237 257.6 -0.105 5118.874 4796.200 5.35 541.007 -1.976 272.000 27/10/09 28/10/09 29/10/09 30/10/09 3/11/09 4/11/09 5/11/09 476.706 253 -0.846 0.811 240 3.3 245 240 243.089 4997.396 245 250.25 -0.561 -0.25 -3.9 251.8 1.1 -0.000 274.802 7/10/09 8/10/09 9/10/09 12/10/09 489 465.947 0.853 295.891 1.7 254.064 -0.55 520.724 -0.040 0.126 5087.379 -2.45 0. 3 DATE BANK OF BARODA UNION BANK ITC RETU RN HUL PRICE RETU RN PRIC E RETU RN PRICE 1/10/09 5/10/09 476.335 -1.25 -0.7 5011.4 4952.5 255 0.000 5031.6 -1.154 289.478 0.198 -1.336 291 2.9 1.7 -0.517 -2.1 488 3.2 0.7 5 256.143 266.834 275.202 0.854 3.887 -2.196 277 -2.073 280 280.337 268 1.384 -1.185 2.963 6.453 6/11/09 528 5.393 -0.2 -1.107 -0.569 276.364 -0.639 4970.5 1.05 540 542 552.565 1.970 272 2.6 PRICE NIFTY RETUR N INDEX RETU RN 1.394 279.95 1.259 2.8 254.786 2.1 -0.122 -1.PRICE AND RETURNS OF BANK OF BARODA.190 9/11/09 10/11/09 11/11/09 12/11/09 13/11/09 16/11/09 17/11/09 18/11/09 526 515.283 253 258 255.598 -3.379 -1.3 4993 4945.281 -2.6 4846.270 -0.973 286 -0.2 485.627 -1.4 5 239.55 517.120 273.382 -2.422 4.9 501.601 2.828 263.142 -0.8 531 -0.05 -3.993 -3.950 1.9 -0.65 554.4 2.758 6.054 252.071 1.641 1.9 -0.406 -0.9 548.4 3.4 238.629 2.578 4767.4 5145.989 6.452 22/10/09 23/10/09 505 494.768 5063.944 240 240.5 255. ITC LTD.6 1.075 -0.3 5004.4 4996.426 0.847 5.952 2.219 -0.3 4567.760 -0.745 -4.210 2.958 -0.195 262 259.422 -1.2 5 248 257 264 263 257 251 248 249.639 15/10/09 16/10/09 17/10/09 20/10/09 501.95 -1.434 1.076 3.2 519.840 281 -2.842 -1.982 286.124 0.1 262 278 275.818 -3.041 1.415 -2.495 -0.222 0.5 247.339 6.8 255.864 3.161 0.5 252 0.247 -1. UNION BANK.143 285.35 247 254 -0.536 0.2 476.000 1.2 5076.9 -1.117 271.5 265 270 264 264 265 261.1 480 0.0 5 250.2 285 285 4.7 -1.3 4711.5 0.4 4986.367 282.95 6/10/09 471.193 0.6 4826.6 3.8 -2.213 -6.85 2.533 1.3 1.250 0.85 1.987 0.500 249.151 5003.040 277.554 -0.791 260 257 254.5 5059 5061.5 5.059 -3.6 5 265 274 266.6 249.5 262.85 490.652 -5.05 258 255.9 4882.105 5054.546 3.502 5114.339 2.1 4712.7 5159.5 0.532 -2.000 26/10/09 485 -2.819 0.95 -7.543 4.2 4898.8 275.193 264.000 0.6 5108.684 -2.5 0.5 -0.000 273.713 0. HUL AND NIFTY FOR THE QUARTER STARTING FROM 1ST OCTOBER 2009 TO 31TH DECEMBER 2009 TABLE NO.379 -1.95 528.867 279 -2.853 265 -0.814 0.7 262 232.

527 5131.459 1.8 5180.021 -2.8 5124.55 3.181 -0.5 265.4 261.157 -0.211 -5.19/11/09 20/11/09 23/11/09 532 540 530.352 1.113 -4.254 1.881 AVG.35 -0.5 0.119 267.842 5108.985 -3.094 1.183 270 256.030 5147.255 1.2 5 3.15 524 489.648 0.15 0.790 5105 1.7 1.463 -0.048 - 0.699 0.5 -0.317 2.552 250.5 263.85 0.188 1.007 4/12/09 510.077 258 -0.038 4983.75 -0.075 0.166 2.4 541.1 5144.113 0.7 5122.574 2.9 -0.789 -0.273 278 284.439 258.75 247 0.287 0.5 274.137 276.9 5 258 263 268.019 -1.206 0.177 0.247 -0.527 257.5 5 285.227 1.5 5105.15 -3.9 536.569 275.923 -0.720 3.824 24/11/09 544.8 -1.7 -1.5 2.504 -1.6 -0.3 255 262.222 2.8 -0.839 255.135 259.529 261.7 4953.132 280.972 1.000 1.85 0.203 - 0.1 255.75 255.036 -0.685 0.95 -1.741 3.206 5171.1 -2.626 -0.5 -1.592 268.614 -1.5 5 272 279 287 280 274.5 252 251.570 266.7 250.524 259 254.1 -0.8 0.812 -0.009 -0.018 258.8 5188.5 275.9 509.899 273.338 - 0.8 253.880 -0.782 -2.6 -1.926 264 270 -2.8 -1.75 -0.867 -2.309 -2.858 10/12/09 11/12/09 14/12/09 15/12/09 16/12/09 17/12/09 513.3 271 0.4 529.363 0.5 -0.4 4990.229 -1.389 274.240 263.708 5042 -0.348 5112.776 276.030 18/12/09 490.019 258 1.778 273.1 5117.865 3.186 247 -1. RETURN - 0.7 0.000 7.636 30/11/09 1/12/09 2/12/09 3/12/09 529.9 524.526 263.85 255 3.101 0.255 269.070 9/12/09 520 2.561 -0.8 5033 5046.1 0.015 2.7 -0.439 27/11/09 530 -3.9 5 269 272 266 266.489 -3.239 269.160 1.091 2.1 -1.65 -0.1 505 4.445 -0.8 1.8 254.7 269 269.8 5053 -0.603 267.114 -6.35 -0.5 280 271.154 -1.731 7/12/09 8/12/09 527 505.147 - 0.938 2.3 5039.4 5136.8 255.644 31/12/09 514.030 2.5 1.909 278.745 25/11/09 26/11/09 542.338 5091.508 4.241 282.8 277.1 -0.2 -0.293 0.7 -0.9 5068.55 -4.577 251.778 5044 4988.786 4942.8 507 507 513.272 0.115 -2.140 0.058 286 286 280 275 1.098 -1.6 5116.094 1.2 550 -0.477 263.309 -1.5 0.75 -5.263 0.756 5005.243 2.182 -4.892 21/12/09 22/12/09 23/12/09 24/12/09 29/12/09 30/12/09 509.864 -1.5 2.608 0.8 5 277 270 269.361 1.035 -1.1 245.465 277 -0.5 -1.828 0.549 0.426 0.035 61 268 .092 -2.6 495 510 -1.622 270.362 -0.35 -0.635 270 3.000 -2.717 257.5 -0.7 2.347 -1.941 256.542 0.

10 8 6 2 -8 -10 DATE BANK OF BARODA AVERAGE RETURN RISK UNIN BANK ITC BANK OF BARODA UNION BANK OF INDIA ITC HUL NIFTY 0. the risk is more for Bank of Baroda i. ITC‘s risk is 1.048 0. HUL has the risk of 1.657. 0.203..147 0. the risk for Union bank of india is 2.183 0.277 INTERPRETATION From the above table.294 2. HUL has the return of 0.294.e.e. 3.657 1..836. bank of baroda returns are 0.836 1. 62 31/12/2009 24/12/2009 21/12/2009 16/12/2009 11/12/2009 8/12/2009 3/12/2009 30/11/2009 25/11/2009 20/11/2009 17/11/2009 12/11/2009 9/11/2009 4/11/2009 29/10/2009 26/10/2009 21/10/2009 -6 16/10/2009 -4 12/10/2009 -2 7/10/2009 0 1/10/2009 RETURN 4 . it is clear that Union bank has high returns when compared to other companies i.048.147.035 3. ITC returns are 0.718 1.203 0.183.718.

381 0.617 6.241 -0.75 265.466 0.2 5034.85 580.9 560 562.05 248.55 539 576 585.05 548.7 4712.000 -1.891 -1.566 -0.253 1.420 0.8 238.413 3.978 -0.796 1.000 0.3 249.5 240.55 535 525.8 259.616 3.55 246.132 -1.5 4863 4866.566 -0.065 0.587 0.825 -2.8 5264.602 -0.391 -0.75 247.902 6.7 245.258 -1.520 0.236 -0.5 250.2 560 525.881 0.5 256.8 575 568.85 515.847 -0.359 -0.9 5277.205 0.8 575 579.240 0.5 560.2 251.1 4887.415 -1.5 5259.853 1.100 0.485 -0.4 4760.45 249.1 229.15 545.327 0.05 231 238 233.332 -0.35 537.773 -1.733 0.865 1.119 0.285 1.262 -1.3 4819.113 -2.162 -0.75 256 258 253 258.15 544.206 0.081 -2.8 265.666 0.2 249.054 1. UNION BANK.75 242.504 0.140 3.3 4849.857 0.229 -1.6 1.805 -2.000 3.3 571 5.500 2.019 0.554 -0.55 548.7 253.826 0.938 2.905 0.2 5281.566 2.474 4.1 265 253 251.999 -1.9 5253.069 -0.05 245 252 252 248 248 245.1 5220.076 -2.05 244.930 -2.978 -1.531 -0.048 -0.6 257.5 230.55 243.35 0.264 -2.1 266.202 1.9 4831 4931.597 -6.2 269 276 273.739 -3.528 -0.168 0.184 1.7 4915. HUL AND NIFTY FOR THE QUARTER STARTING FROM 1ST JANUARY 2010 TO 31TH MARCH 2010 TABLE NO.843 0.022 0.766 3.408 0.836 1.3 4827.657 -0.487 -0.9 4801.6 4793 4757.7 257.6 242 244 244 244 0.842 -0.7 556.8 263.4 244.711 1.132 0.627 -1.6 248.7 5274.000 -1.485 -0.285 0.9 568.912 -0.6 560.85 544.5 243 250 253.5 257.1 5212.805 0.170 -0.174 -0.5 250 250.8 258.45 269 265 268 264 269.6 266 262 262.218 0.3 5263.2 525. ITC LTD.388 -3.100 -0.2 5226.443 0.164 -0.279 -2.275 -3.9 260.109 0.8 251.781 2.528 -1.517 -2.6 5008.604 4.884 -4.756 -1.932 -0.416 -0.05 252.4 230 238.55 525.55 534.152 2.000 -1.957 0.682 -0.378 3.75 256.8 4755.225 -1.576 -3.2 4882.376 0.565 -1.746 1.905 -0.9 273.861 0.143 1.75 237.1 4907.8 4858.288 1.020 -2.35 257.019 0.806 -3.475 259.642 0.55 525.1 265.457 3.4 4856.5 250.2 5094.55 545.818 2.5 256.85 272 265.493 1.419 1.75 243 243.119 2.115 0.8 5251.662 -1.9 258 257 246.6 5234.244 1.582 0.5 237. 4 DATE 4/1/10 5/1/10 6/1/10 7/1/10 8/1/10 11/1/10 12/1/10 13/01/10 14/01/10 15/01/10 18/01/10 19/01/10 20/01/10 21/01/10 22/01/10 25/01/10 27/01/10 28/01/10 29/01/10 1/2/10 2/2/10 3/2/10 4/2/10 5/2/10 6/2/10 8/2/10 9/2/10 10/2/10 11/2/10 15/02/10 16/02/10 17/02/10 18/02/10 19/02/10 22/02/10 23/02/10 24/02/10 BANK OF BARODA UNION BANK ITC HUL NIFTY PRICE RETU RN PRICE RETUR N PRICE RETUR N PRICE RETU RN INDEX RETU RN 505.431 -1.4 250 247.150 0.020 2.1 266.55 545.371 2.5 252.881 1.5 251.3 269.904 0.181 -0.400 1.314 -0.679 -1.273 -3.061 -0.PRICE AND RETURNS OF BANK OF BARODA.7 257 255.267 63 .602 -0.541 1.35 505.679 0.750 -4.696 0.295 -0.2 5278.315 -1.000 0.7 263 258.150 0.030 -1.75 250.5 245 252.9 551.557 -1.693 0.180 1.009 -0.287 -0.165 0.487 1.485 0.988 -1.55 251 251 242.870 -5.777 0.291 -3.6 4869.5 233.55 540 515.000 -3.5 230.102 253 254.75 249 250.247 -1.623 -8.000 5200.781 -1.75 245 3.75 264.303 264.

443 0.8 239.5 259.232 -0.052 -0.75 254 257 258.400 -0.427 5015.2 259.8 -3.6 243 0.3 233.626 248.539 4858.931 258 3.118 -0.5 618.731 -2.075 -0.5 292.7 272 269.806 2.041 -0.35 260.6 238.024 .1 610.8 296.8 2.9 264.5 261.6 603.4 228.625 1.1 -0.525 0.4 269.516 263 269.782 -4.445 1.587 1.951 -0.794 1.75 252.1 601.503 5303 241.4 -1.9 1.181 0.211 1.404 5116.082 1.8 228 1.5 285.168 4859 239.75 264.9 226 -1.329 5205.814 0.255 5080.2 3.447 -0.762 0.5 234 4935.076 246 250 0.550 -1.221 -0.8 3.2 610. RETUR N 608 614.95 258.85 -0.380 0.361 -0.161 2/3/10 589.6 2.408 1.374 0.965 1.548 1.251 - 0.355 0.15 2.1 235.139 5283.781 -1.15 257 262 266.289 0.145 5129 227.202 5225.379 5246.2 238 -2.312 0.234 5134.701 1.853 0.05 264.192 0.1 0.000 -1.25 630 620 625 640 639.439 235 0.119 64 241.186 - 0.9 2.987 -0.587 0.675 0.35 0.047 0.745 5097 242.5 246.1 -5.442 0.15 -1.228 0.506 2.938 2.672 -0.392 3/3/10 4/3/10 5/3/10 8/3/10 9/3/10 10/3/10 11/3/10 12/3/10 15/03/10 16/03/10 17/03/10 18/03/10 19/03/10 22/03/10 23/03/10 25/03/10 26/03/10 29/03/10 30/03/10 31/03/10 AVG.9 240 0.270 -1.451 4.9 248.1 1.000 2.85 0.417 -0.35 260.194 5131.6 224.8 263 260.802 0.9 247 245.1 602 610 609.956 3.25/02/10 26/02/10 567 573.372 5092.3 269.538 5232.495 1.092 5101.8 610 598.1 1.8 221.946 1.322 0.95 608.568 -0.9 643.618 -0.567 -0.154 1.656 0.217 -0.716 -0.4 -3.652 1.4 278 279 285.557 1.451 5260.5 0.444 0.058 5121.7 275 279.5 226.441 0.5 0.302 0.1 266.010 1.329 -0.75 0.107 1.200 235.3 267.144 -0.068 1.9 268.8 3.397 0.75 251.6 236.146 - -0.401 5261 228.458 5260.016 0.132 1.782 -1.272 0.451 - 0.148 1.400 242.822 0.330 0.5 224 -1.360 2.951 0.6 608.4 - -0.597 5198.

HUL has negative returns i.925 2.626 1.146 0. For Union bank of india the risk is 2. 0.024 2.8 6 4 RETURNS 2 -2 -4 4/1/2010 6/1/2010 8/1/2010 12/1/2010 14/01/2010 18/01/2010 20/01/2010 22/01/2010 27/01/2010 29/01/2010 2/2/2010 4/2/2010 6/2/2010 9/2/2010 11/2/2010 16/02/2010 18/02/2010 22/02/2010 24/02/2010 26/02/2010 3/3/2010 5/3/2010 9/3/2010 11/3/2010 15/03/2010 17/03/2010 19/03/2010 23/03/2010 26/03/2010 30/03/2010 0 -6 -8 -10 DATE BANK OF BARODA AVERAGE RETURN RISK UNION BANK ITC BANK OF BARODA UNION BANK OF INDIA ITC HUL NIFTY 0.626.251 0.411 1.e.. ITC‘s return is 0.e. it is clear that Bank of Baroda has the highest return than the other companies i.411. -0.925. Union bank of india has the return of 0.451 0.010 INTERPRETATION From the above table.251.030 1.. 65 .030.119 -0.146. ITC‘s risk is 1.119. HUL‘s return is 1. Risk is more for Bank of baroda with 2.451.

907 2.05 267.05 5208.804 1.043 -1.327 5093.196 -6.65 5365.340 0.6 301 305.5 242.5 225 224.465 -1.288 2.804 1.436 -0.334 0.156 1.75 -0.6 5269.198 -1.606 0.3 5026.882 2.5 306.615 0.532 0.35 5322.375 0.356 1.025 0.5 695.4 290.241 0.016 -0.2 311.951 -0.7 230 224.271 -2.098 1.869 -0.557 2.7 225.63 9 15.PRICE AND RETURNS OF BANK OF BARODA.294 -0.976 -0.884 1.650 310 311.058 -2.2 240.267 0.461 -1.401 0.080 2.148 -1.645 -2.8 242 227 236.322 -1.7 285 288.325 0.901 3.329 -0.573 -1.547 -0.182 -0.75 311 312 308 307 309 304.4 5223.377 2.429 -0.000 0.667 -0.1 5308.198 4.3 -0.45 226 226.55 735.070 3.455 240.6 700 683.133 0.651 -1.45 3.017 -0.282 -0.75 5133.25 5254.961 1.187 295 296.85 242.9 239.9 690 703 712.55 705.05 266 263 -1.764 2.007 -1.909 237.2 5278.416 -1.2 231.3 5230.633 -2.820 5249.3 5273.110 -2.629 -3.1 711 729 730 730 731.330 ITC HUL NIFTY PRICE RETU RN PRICE RETU RN INDEX RETU RN 293 298.85 682 670.564 0.351 -2.4 287.5 275 260 1.05 284 294.621 2.740 295 18/05/10 19/05/10 20/05/10 680 686 701 -0.9 5148.4 5279.5 295 283 285 291 295 294 14/05/10 676 0.705 1.751 0.403 0.635 242.105 1. HUL AND NIFTY FOR THE QUARTER STARTING FROM 1ST APRIL 2010 TO 30TH JUNE 2010 TABLE NO.3 5248.695 1.5 717 705.8 700.079 0.95 311.5 314.446 3.821 -5.55 735 739.422 0.55 729.35 239 243.4 5072.5 228.780 66 .1 -2.9 739.350 0.75 5157.9 236.9 710.9 -1.85 5323.3 5302.7 286 282.137 0.507 -0.65 5299.569 0.7 278 269.295 -1.55 0.75 0.713 -0.697 -2.674 0.5 0.493 0.952 0.372 -3.4 231.221 0.751 1.42 4 0.247 5180.9 740.95 301.25 246 233.154 2.5 287.95 313 315 318 320.6 694.65 303 300 298 296.246 -1.717 -4.639 0.806 -3. UNION BANK.35 -0.446 -0.446 268.244 0.131 -2.8 17/05/10 681 0.646 0.000 0.2 5291.580 -0.576 -7.5 262. ITC LTD.867 -0.147 0.357 0.464 258.911 0.55 0.1 4924.673 265.096 -0.085 -1.081 5059.952 -1.937 0.3 314 296.011 1.707 2.702 2.7 5376.373 2.6 5189.609 -4.021 -1.75 221.2 5215.505 1.375 -0.033 -1.460 3.746 -0.188 -5.337 0.55 5065.248 -0.721 0.353 0.4 5354.05 310.9 236.1 303 RETU RN 0.35 -3.757 -1.5 690 684.15 5340.561 -0.229 -3.804 -5.273 8.457 -0.990 -0.85 240.479 -0.521 3.261 -1.7 289 279 287.7 295 291 294.557 0.068 0.128 239.561 1.107 -1.545 -0.85 283 284 285.768 1.6 240.339 18.612 -3.35 5124.984 -1.408 -0.747 0.1 229.4 5369.783 348.597 -0.074 0.35 222. 5 DATE BANK OF BARODA UNION BANK PRICE RETUR N PRICE 1/4/10 5/4/10 6/4/10 7/4/10 8/4/10 9/4/10 12/4/10 13/04/10 15/04/10 16/04/10 19/04/10 20/04/10 21/04/10 22/04/10 23/04/10 26/04/10 27/04/10 28/04/10 29/04/10 30/04/10 3/5/10 4/5/10 5/5/10 6/5/10 7/5/10 10/5/10 11/5/10 12/5/10 13/05/10 702 702.212 0.358 -1.7 257 237.

134 -0.9 232 232 239.1 236.101 -0.55 254.417 0.243 1. RETURN - -0.570 -2.049 0.356 0.3 0.461 0.000 -1.452 1.956 0.825 1.8 237 237.1 270.165 0.15 5323.902 -0.8 268 265.207 1.243 -0.362 2.9 299 295 294 304 292.950 -0.271 -1.95 233.083 -1.75 5120.583 0.6 5254.1 640 624 629 645.701 0.338 -0.225 -0.353 -3.253 -3.311 -4.25 676 645 642 0.457 0.95 5266.549 1.3 4915.563 -2.194 -0.815 0.65 304.05 4999.5 645 665 661.1 5086.271 0.801 2.05 273.840 1.1 699 702 698 678.570 -2.052 -0.941 -1.4 267.500 0.796 6.21/05/10 24/05/10 25/05/10 26/05/10 27/05/10 28/05/10 31/05/10 1/6/10 2/6/10 3/6/10 4/6/10 7/6/10 8/6/10 9/6/10 10/6/10 11/6/10 14/06/10 15/06/10 16/06/10 17/06/10 18/06/10 21/06/10 22/06/10 23/06/10 24/06/10 25/06/10 28/06/10 29/06/10 30/06/10 705 698.8 267.011 - -0.285 0.7 4985.7 307 308 310 306.584 1.200 -2.482 -1.623 -0.000 3.209 0.2 696.571 -0.15 260 266.3 4945.85 258.215 0.734 2.842 0.431 2.301 0.429 -0.160 1.009 .077 3.880 -0.030 -4.654 0.292 1.815 1.875 -1.3 305 301 306 300 302.2 266.311 1.6 304 305 294.508 0.504 -2.455 -0.538 0.6 5078.816 3.15 5201.487 0.7 292.329 -3.5 264 266.650 3.7 264 1.989 -0.05 5233.25 667.2 261.659 -1.6 710 688.25 697 685 660 680 651.25 639.7 4944.543 2.25 5320.970 -0.947 0.000 0.5 5353.556 2.5 5271.982 2.961 0.476 0.424 -1.231 -3.9 238.35 302.25 268 271.125 AVG.521 -5.928 1.75 1.9 230.020 -2.586 -0.923 0.362 -1.35 264.85 300 295.550 2.660 -0.65 5274.315 -1.9 0.789 -0.571 0.533 0.15 5112.326 0.25 266.948 3.041 4.188 -1.316 -0.1 252.382 238.6 270 267.168 0.15 5005.5 310.141 -2.1 268 266 264.661 -1.722 -3.717 2.994 1.197 0.702 1.1 5333.888 2.649 -1.791 2.627 -3.404 -1.1 304.418 4.000 1.095 -1.779 4.408 0.5 313.311 267 252.25 4970.489 -1.6 5076.2 664.401 -1.95 5316.9 254 245 250 262.5 304.269 -1.185 -1.75 234 245 245 247 255 255 256.585 0.706 0.734 4.3 4807.5 268 260.063 1.000 0.584 0.337 -0.5 625.049 1.95 5036.029 -0.15 311.6 5132.75 5020.6 267.746 -0.5 257.239 0.153 -7.146 - 0.25 318.025 0.401 -3.15 649.465 303.7 261.3 5225.127 - -0.339 3.965 -0.828 -0.075 -0.75 263.398 -1.186 67 4946.4 260 255 255 259.

.25 20 15 RETURN 10 5 0 -5 -10 -15 -20 DATE BANK OF BARODA AVERAGE RETURN RISK UNION BANK ITC BANK OF BARODA UNION BANK OF INDIA ITC HUL NIFTY -0. Union Bank of India and ITC have negative returns.186.009 1. 3.146 0. HUL has the return of 2. it is clear that Bank of india.e. 68 .116 and the return for Bank of baroda is 1. ITC has the return of 2. the risk is more for Union bank of india i.127 -0.784 2.714 1.714.116 2.828 3.207 INTERPRETATION From the above table.828. HUL has the return of 0.784.011 -0.186 0.

226 -0.673 0.557 1.293 -0.953 330.95 263.244 0.923 -1.400 -0.2 257 250 2.962 1.4 292 292.15 298.109 69 RETU RN HUL .211 -0.2 717 725.991 320 0.6 772.039 0.9 270 -0.031 -0.610 1.25 0.35 714 718.8 5460.896 -0.704 0.75 263.657 -2.7 156 159 159.442 335.076 328 -0.317 0.161 5441.6 262.163 0.75 309.286 0.501 -2.164 -2.864 -0.820 -0.106 -0.476 -0.276 0.931 -2.297 -0.888 253.613 0.754 312 -0.3 -0.9 262.676 326 -1.032 4.210 0.550 0.829 -0.1 5242 5297.724 5312.280 -0.1 3/8/10 778 3.2 5402 5387.189 315 0.440 321.810 0.7 268.9 715.6 -0.5 300. 6 DATE BANK OF BARODA UNION BANK ITC PRICE RETU RN PRICE RETUR N PRICE 1/7/10 2/7/10 5/7/10 6/7/10 7/7/10 8/7/10 9/7/10 12/7/10 13/07/10 14/07/10 15/07/10 16/07/10 19/07/10 20/07/10 21/07/10 22/07/10 23/07/10 26/07/10 27/07/10 28/07/10 29/07/10 30/07/10 2/8/10 690.95 300.1 5293.2 261.2 5441.9 -2.095 -0.2 303.2 5352.276 -0.2 0.484 0.PRICE AND RETURNS OF BANK OF BARODA.291 -9.1 733.189 313 -1.6 751.35 708.903 312.7 5387 5368.4 300 302 307 305.45 1.299 -0.9 -0.9 5446.95 0.007 330 0.303 0.5 768.667 1.35 256.3 5237 5236.962 -0.033 324.1 5397.016 320 1.15 260 258.6 159 0.686 314 -0.721 0.155 0.140 0.489 0.227 314 -1.066 -0.921 18/08/10 NIFTY PRICE RETU RN INDEX RETU RN 267 272.066 0.518 1.5 1.9 4.65 -1.517 325.2 5436.592 -0.786 320 -0.656 -0.271 -0.64 831.104 0.564 0.65 257 255.431 1.6 712.145 -0.818 0.909 314.611 325 1.318 -0.036 0.798 -0.5 297.194 0.611 5416.8 5486.25 770 766.4 256.222 304.2 5448.623 0.45 763 755.843 -0.9 5399.212 -0.45 1.681 0.191 0.6 723.937 0.089 -0.5 1.389 314.5 153 157.000 1.9 5408.750 -1.75 -0.078 -1.210 48.572 265.1 1.869 2.2 260.65 261.1 0.067 -0.965 1.670 -1.442 0.718 253.737 -0.852 -0.15 764.494 320.370 325.5 266 266.7 5418.7 5392.769 0.303 -0.95 0.709 321 -1.816 0.172 154 155.1 5376.227 -1.338 1.8 720 710 715.549 161.136 -0.55 4 -0.3 5439. ITC LTD.1 708.007 0.3 722 711.1 304 303.5 307 309. UNION BANK.75 262.193 1.4 262.5 260.8 305 302.138 313.15 302 299.4 302.123 326 0.335 0.298 0.529 -0.060 -1.180 322 -1.580 -0.2 267.895 1.359 1.380 5432.679 0.05 347.243 328 1.982 -0.481 1.1 265.759 -0.491 0.45 156 152.192 0.411 -0.4 0.7 5420.035 -0.05 725.5 755.000 323.945 322 0.557 0.085 -0.328 3.85 266.017 1.4 5470.337 0.500 1.8 -2.3 5370.95 0.6 267 264.195 -0.792 0.032 -1.6 -1.7 5452.005 315 2.312 3.2 264.923 0.5 269.1 311.413 -0.022 341 10.7 4/8/10 5/8/10 6/8/10 9/8/10 10/8/10 11/8/10 12/8/10 13/08/10 16/08/10 17/08/10 778 758.1 5251.354 -1.6 715 716.039 1.529 315 -0.379 -0.916 158.070 321 3.1 730 720 715.8 266.75 253.233 -0.032 12.283 -2.6 5420.4 5369.016 -0. HUL AND NIFTY FOR THE QUARTER STARTING FROM 1ST JULY 2010 TO 30TH SEPTEMBER 2010 TABLE NO.053 1.1 5422.150 -0.

263 -0.233 0.620 -1.8 0.757 2.2 5991.568 - 0.145 1.716 -0.464 -0.6 5408.830 -0.494 1.382 3.532 -2.9 5604.85 171.509 0.9 5486.121 -2.925 -0.223 - 0.314 1.605 -2.371 -2.758 0.066 -1.000 -0.6 5575.101 2.85 166 165.1 5505.741 2.600 -1.658 -0.049 2.35 162.000 -0.6 5403.553 0.462 -0.803 1.556 -0.9 350 345.512 0.3 5861.013 -2.272 -1.123 1.421 1.600 1.25 280 279 278.000 0.979 0.85 169 177.1 5471.25 270 268.280 1.274 0.7 164.35 174.6 163.65 347.988 0.000 -0.013 0.834 2.9 379.785 0.646 -0.295 -0.698 -0.810 1.224 -2.467 -0.2 5760.5 6018.957 1.685 -1.174 0.6 363 362 356 340 344.85 275 268 267.975 -0.180 -0.679 0.2 338 332.7 385.396 -1.129 1.95 342 347.874 0.209 -1.9 164.046 -2.15 165.619 1.527 0.679 0.017 2.719 0.95 177.3 5462.627 2.6 821 839 846 869 876.191 70 .513 0.551 2.563 0.147 0.275 -1.2 5541.1 6029.5 351.267 0.9 161 164.8 387.3 5540.35 167 167.5 275.101 1.136 -0.878 -1.340 1.039 -0.670 -1.4 1.5 6008.388 -0.1 163 160.2 264.1 5489.088 1.85 270 274.357 -0.219 0.19/08/10 20/08/10 23/08/10 24/08/10 25/08/10 26/08/10 27/08/10 30/08/10 31/08/10 1/9/10 2/9/10 3/9/10 6/9/10 7/9/10 8/9/10 9/9/10 13/09/10 14/09/10 15/09/10 16/09/10 17/09/10 20/09/10 21/09/10 22/09/10 23/09/10 24/09/10 27/09/10 28/09/10 29/09/10 30/09/10 837 830 825 826 806 818 831 814 797 806 821 833 829 820.9 178.3 164.585 5478.029 -0.657 -4.490 3.25 163.811 -1.289 -0.831 -0.491 -0.275 0.75 294 295 298 304 318 309 307.494 1.633 270.45 359.5 269.75 370.612 0.602 0.5 878 878 881 880 0.086 -0.685 5.861 1.086 -1.7 5885.55 385.192 0.336 - -0.9 5413.5 173.1 5959.311 1.3 6036.3 5639.672 3.1 282.545 -0.655 2.470 0.710 1.7 347.15 265 265 263. RETURN - 0.494 -1.150 2.441 1.2 272.134 1.398 - 0.05 863 889 870 883 871.75 180.503 -1.5 339.508 0.627 AVG.967 1.8 306 1.607 1.8 165.656 2.3 5608.114 353.890 1.688 1.55 159.297 0.594 0.403 162.175 0.1 5828.8 5531.687 -0.342 -0.726 -0.3 5795.5 267.160 -0.237 -3.952 -1.55 382.1 162 159.142 -0.4 5991.05 376.5 165.072 0.2 372 372 368.013 4.589 -2.622 0.512 0.114 -0.479 -1.430 -0.032 1.137 1.55 875 863.594 3.489 1.4 178.45 1.1 5980.836 -0.274 1.480 -1.194 1.359 -0.3 385 385 383.3 5479.35 281 278.353 1.

429 0.575 1. Union bank‘s risk is 1.568.223 0.398 0.621 6. Bank of baroda has the risk of 1.993. it is clear that ITC has negative return i.191 1. ITC‘s return is -0.737 INTERPRETATION From the above table..20 10 -10 -20 -30 1/7/2010 6/7/2010 9/7/2010 14/07/2010 19/07/2010 22/07/2010 27/07/2010 30/07/2010 4/8/2010 9/8/2010 12/8/2010 17/08/2010 20/08/2010 25/08/2010 30/08/2010 2/9/2010 7/9/2010 13/09/2010 16/09/2010 21/09/2010 24/09/2010 29/09/2010 RETURN 0 -40 -50 -60 DATE BANK OF BARODA AVERAGE RETURN RISK UNION BANK ITC BANK OF BARODA UNION BANK OF INDIA ITC HUL NIFTY 0. the return for Bank of Baroda is 1.575.621.568.e. The risk for ITC is 6. Union bank has the return of 1.336 -0.621.993.993 1. -0.568 0. 71 .

412 0.3 6075.9 399.4 6182.9 180 176 176.895 7.267 -1.828 0.610 3.934 -0.040 0.748 -2.022.000 -1.75 374 1.50 1.679 2.736 2.353 -0.8 6114.288 -1.667 0.9 6112.605 -1.222 390.9 379 386.376 0.787 -1.146 2.00 1.010 0.615 -2.000 -0.605 178.045 -1.347 -0.982 0.085 -1.713 0.894 1.994 2.4 6106 6136 6091.2 6286.55 1. UNION BANK.4 175.510 0.737 -0.35 178 179.808 0.333 -0.354 -0.493 0.6 6321.017.559 1.85 294.684 0.85 171.852 0.PRICE AND RETURNS OF BANK OF BARODA.351 6030.25 169.174 -1.15 979.00 1.75 169.504 0.6 371.95 394.769 0.9 922 918.1 944.543 2.821 -1.010 1.338 0.9 173 176.3 6175.6 296.95 0.959 1.75 172.444 -1.4 295.087 0.25 171.018.584 -1.023.1 173.013 -1.330 0.940 0.95 1.95 175.9 6113.193 0.7 963.674 0.199 0.319 -2.236 1.093 -0.036 1.402 -1.2 307.462 -2.122 0.330 -0.243 -0.034 0.527 -1.3 6281 6303.966 -9.579 0.8 172 173.258 0.4 384.657 -0.576 0.345 -0.9 314.471 -0.9 395.00 1.390 -0.208 -0.336 -0.8 383 390 393 385.45 378 380.238 1. 7 DATE 1/10/10 4/10/10 5/10/10 6/10/10 7/10/10 8/10/10 11/10/10 12/10/10 13/10/10 14/10/10 15/10/10 18/10/10 19/10/10 20/10/10 21/10/10 22/10/10 25/10/10 26/10/10 27/10/10 29/10/10 1/11/10 2/11/10 3/11/10 4/11/10 5/11/10 8/11/10 9/11/10 10/11/10 11/11/10 12/11/10 15/11/10 16/11/10 18/11/10 19/11/10 22/11/10 23/11/10 24/11/10 BANK OF BARODA UNION BANK ITC HUL NIFTY PRICE RETU RN PRICE RETU RN PRICE RETU RN PRICE RETU RN INDEX RETU RN 872.718 -2.099 1.05 0.642 3.15 397.539 -1.5 177.442 -0.247 -0.05 985.895 0.6 890 909.023 0.9 173.900 1.313 2.414 -1.182 0.342 1.7 405 419 414 418 379 384.45 371.3 6079.984 3.491 -0.418 -0.5 6151 6186.518 3.502 -0.75 297 300 305 308 318.355 2.5 295.634 -1.3 6127.416 0.655 -1.856 0.222 0.848 0.8 1.7 994.888 -2.9 979.228 -1.750 3.1 401 404 395 391 387.037.25 175.616 -1.295 -1.95 388.822 -1.058 -0.7 176 172 171.640 2.55 306.5 175.6 299.1 172.273 -0.8 1.581 2.7 6159.6 6209.256 -1.8 902 966.897 0.855 -0.3 402.15 173.75 964 970.5 6021.656 1.099 -1.730 -3.4 6101.769 -1.9 6143.396 -2.739 -0.114 -1.212 -0.25 173.076 -1.645 0.5 6076 6011.5 172.533 1.7 308.557 -1.045 1.874 -1.901 -1.3 6116.2 174 177.488 -1.9 6335.154 0.6 6150.9 298.139 -0.246 -1.9 294 304.670 3.85 174.5 6234.824 0.2 925.549 -1.011 -0.05 389.50 1.3 5920.468 1.367 0.524 -0.038.7 307 303.025 -2.414 72 .668 -0.85 296 294.252 0.25 170.014.138 0.6 5946.648 -2.4 176 177.023.2 391 390 384 384.5 399.742 309 311.937 -1.376 -1.330 1.174 1.028 -1.725 2.169 -0.55 995.112 1.2 299.011 -0.538 0.763 1.95 1.1 945 966 1.65 301.05 398.240 -0.35 171.2 6092.5 6003 6008.9 6121.095 2.678 0.85 305 298 293.427 0.9 294. HUL AND NIFTY FOR THE QUARTER STARTING FROM 1ST OCTOBER 2010 TO 31TH DECEMBER 2010 TABLE NO.334 -1.9 5971.8 999.00 1. ITC LTD.623 3.15 945 968.348 -1.064 -1.25 299 300.991 -0.7 169.519 -6.925 0.6 310 303 304 304 299 300.457 -1.543 -1.757 2.933 -1.326 0.00 998 984.421 1.035.65 990 976 961.389 -0.041.3 6144.972 0.

7 5928.25 893.350 0.293 -2.165 - -0.25 312 322 333.35 917 890.292 0.520 0. RETURN - 0.942 -0.619 2.225 1.597 -1.25 168 167.374 1.3 5761 5882.774 1.000 0.55 379 369 350.161 0.55 897 908.946 1.705 AVG.25 897.783 0.-3.4 300 298.506 -2.950 0.6 885 893.25 881.553 -1.639 -5.444 0.561 0.269 1.034 1.75 168 166.298 1.0158 - 0.75 171.560 8.728 0.798 2.697 -1.514 -2.347 0.3 297 295.5 172.230 -0.743 1.6 168 167.917 -0.7 304 310 -0.2 6062.695 0.294 0.15 299 302.25 326.480 3.119 -0.442 0.018 -0.287 0.348 363.093 1.701 2.9 345 -2.365 0.362 -1.552 0.322 -0.597 0.590 -0.662 0.385 -4.102 1.974 5884 5828.05 294.25 348.7 5931.356 -0.9 5960.388 2.771 -0.234 -1.678 -0.603 2.6 5871 6023.75 291.7 5995.05 343.7 168.2 888 890 902 RETURN 25/11/10 26/11/10 29/11/10 30/11/10 1/12/10 2/12/10 3/12/10 6/12/10 7/12/10 8/12/10 9/12/10 10/12/10 13/12/10 14/12/10 15/12/10 16/12/10 20/12/10 21/12/10 22/12/10 23/12/10 24/12/10 27/12/10 28/12/10 29/12/10 30/12/10 31/12/10 DATE BANK OF BARODA UNION BANK 73 ITC .095 -6.960 -0.7 169.1 6013.365 -1.500 1.611 -0.225 -1.75 325.55 172.640 -0.75 169.396 -0.081 - -0.317 299 299.05 326 328.4 6019 6005.2 173.4 6005.057 -0.45 167.327 0.8 994 960.338 -0.904 -0.050 1.7 296 295.15 297 299.567 0.227 0.438 2.978 -0.4 6105.357 -0.4 165.145 -2.95 294.928 -5.983 -0.2 350.255 1.3 173.003 0.5 171 168.774 -0.476 0.3 296.15 293 294.6 5790 5811.3 6013.5 881.056 -1.025 10 8 6 4 2 0 -2 -4 -6 -8 -10 -12 1/10/2010 6/10/2010 11/10/2010 14/10/2010 19/10/2010 22/10/2010 27/10/2010 2/11/2010 5/11/2010 10/11/2010 15/11/2010 19/11/2010 24/11/2010 29/11/2010 2/12/2010 7/12/2010 10/12/2010 15/12/2010 21/12/2010 24/12/2010 29/12/2010 935 898.4 5924.45 168.830 2.917 0.090 -1.4 6033.357 -0.137 -0.022 2.6 337.027 -3.3 299.798 5.953 0.205 3.209 -3.050 -0.756 2.748 -3.6 5926.268 2.753 1.450 -2.9 170.235 -0.566 0.101 172.054 -1.5 873.276 0.540 -2.854 1.95 891 886 886.032 2.7 168.112 0.5 889.1 -1.85 -0.35 328.132 -0.2 5910.954 -0.85 321.15 379.874 -0.15 167.776 -1.6 343.25 167 168.5 335 327 334.041 -0.117 0.6 170.401 -4.8 290 297.1 295.132 3.694 -1.2 329 323.218 -1.404 -0.4 300.5 890 906 954 964.2 297.724 -0.1 5954.9 5940.571 0.807 1.178 -1.3 6005.037 - 0.627 0.371 0.203 -2.5 324.

072 INTERPRETATION: The return for Union bank of india and ITC are in negative i.037 respectively.0158 0..165 and -0.165 -0.349 2. 1.688 1. 74 .471 1.081 and for HUL is 0.e.AVERAGE RETURN RISK BANK OF BARODA UNION BANK OF INDIA ITC HUL NIFTY 0.081 -0.688 and ITC has less risk i.e.. -0. For bank of baroda.025 2. 2. Union bank has high risk i.0158.e.037 0..350.350 1. the return is 0.

6 5430.9 315 333.7 5340.522 351.8 321.25 272.25 310.402 3.55 321.218 -1.3 5725.8 820 818 795.154 1.3 -2.507 -0.5 323 319.622 -2.670 -0.462 0.470 -2.6 845.2 172.75 324.637 0.7 158.193 -3.161 1.817 -0.527 -0.65 272.564 -0.05 172.05 172.073 -0.598 0.274 3.647 -1.8 5752.371 2.95 311 316 318 312.6 5501.85 168.286 -1.874 -1.75 817.557 0.057 -1.888 -0.801 0.544 0.275 -3.727 3.5 158.426 3.942 1.9 5430.036 -2.765 1.579 -2.9 331 324.2 169.499 1.45 327 339 337.559 -1.529 0.8 302 303. UNION BANK.969 -4.260 0.274 2.1 5850.1 5648.797 2.255 0.952 -1.257 0.6 5737.6 155.7 327.4 180.686 -1.8 -0.442 -4.006 -4.608 0.825 0.091 -0.5 273.928 1.274 -1.146 0.716 -0.732 175.758 -2.944 -2.1 5219.053 -0.7 878 878.2 168.35 300 297.730 -0.2 5432.244 -2.448 1.772 -1.75 296.015 -1. HUL AND NIFTY FOR THE QUARTER STARTING FROM 1ST JANURAY 2011 TO 31TH MARCH 2011 TABLE NO.5 309.000 -1. 8 DATE 3/1/11 4/1/11 5/1/11 6/1/11 7/1/11 10/1/11 11/1/11 12/1/11 13/01/11 14/01/11 17/01/11 18/01/11 19/01/11 20/01/11 21/01/11 24/01/11 25/01/11 27/01/11 28/01/11 31/01/11 1/2/11 2/2/11 3/2/11 4/2/11 7/2/11 8/2/11 9/2/11 10/2/11 11/2/11 14/02/11 15/02/11 16/02/11 17/02/11 18/02/11 21/02/11 22/02/11 24/02/11 BANK OF BARODA UNION BANK ITC HUL NIFTY PRICE RETUR N PRICE RETU RN PRICE RETU RN PRICE RETU RN INDEX RETU RN 897.441 -0.006 -0.25 869 902 924.1 5763.9 925 903 900 877.436 1.883 -2.5 302.1 5246.733 0.876 1.964 -1.509 -0.310 2.6 875 855.PRICE AND RETURNS OF BANK OF BARODA.9 272.6 306 303.7 5557.8 157.639 1.490 -1.5 309.626 0.6 5456.1 163.134 2.8 5467.25 318 321.2 815.9 154.05 314 320.1 280 279.906 -3.374 -1.4 5293.144 5.1 324 -2.750 -3.585 3.663 -1.3 827 831.041 -2.371 1.659 -1.000 0.05 816 830 829 838 889.808 -0.6 326.378 -0.1 339.3 5467.006 -3.145 -1.633 -1.380 -2.100 1.75 157.312 1.811 1.95 175 177.503 2.8 343 347.616 1.807 -0.5 174.461 2.95 169.381 1.15 271.202 -2.35 171.9 855.352 2.5 272.528 -1.1 5717.2 156.324 -3.313 0.5 852 837.2 170.75 317.120 1.5 5519.9 5901.905 -2.764 3.385 -0.05 331 327.816 0.781 9.782 -2.9 312 309.039 -1.796 0.8 907.554 -1.4 6107 6030.871 2.55 850 845.076 -0.345 0.805 6177.075 -0.080 5.1 1.7 271.4 320 332 320.4 5408.737 -2.4 176.65 156.642 1.35 155.553 -1.719 -1.6 170.597 0.705 -5.65 328 339.7 272 273. ITC LTD.15 173.328 -3.699 -0.440 0.231 -0.264 0.003 0.224 -0.4 5656 5692.523 -0.101 -3.715 1.388 -0.723 0.876 -1.378 -1.65 160.435 0.3 825 849.5 847.1 843.5 156 154.037 0.260 -1.5 352.866 -0.032 -1.5 321.3 5469.4 159.05 838.246 -2.95 333.75 158.8 5682.136 -1.85 167.232 -0.35 178.556 7.3 5614 5452.9 282 270 270 271.418 0.624 1.6 5537.332 -2.1 172.5 6172.207 0.065 -1.4 342.85 154.8 6141.769 -1.6 5504.540 -1.35 277.365 -0.108 -1.419 -3.2 157.015 -2.635 2.725 -3.3 5768 5800.842 0.540 1.149 -2.827 1.231 -0.163 -0.35 -0.5 279 277 276.451 -2.738 75 .8 299.248 310.826 2.086 6.2 871.021 -2.426 0.717 -0.832 0.232 -0.15 275.

25/02/11 28/02/11 1/3/11 3/3/11 4/3/11 7/3/11 8/3/11 9/3/11 10/3/11 11/3/11 14/03/11 15/03/11 16/03/11 17/03/11 18/03/11 21/03/11 22/03/11 23/03/11 24/03/11 25/03/11 28/03/11 29/03/11 30/03/11 31/03/11 847.859 1.9 270 271.5 179.408 0.327 2.7 172.25 -1.927 -0.431 0.951 -1.05 332.656 -1.25 173.452 0.95 967.5 287 290 286 281 283.7 338.3 5686.05 170.143 1.1 5330.027 0.856 -0.649 0. RETURN - 0.4 5501.65 168.765 0.247 152.05 -3.156 0.4 892.597 1.15 345 -4.891 1.973 1.95 344.235 0.8 5390.665 310 318.579 1.35 272.5 333.5 179.45 170.671 1.917 277.670 0.05 170.223 -0.375 0.853 1.1 5466.379 -1.4 885 895.75 171.431 -0.9 890 860.234 -0.830 1.1 5456.5 268 267.564 1.052 1.2 886 891 905 928.647 -0.865 -2.8 275 278.013 0.857 1.5 330.1 896 902 902.4 330 329 336.326 2.396 -0.181 - -0.5 5755.4 171.573 -0.200 -2.75 171.95 336.55 171.436 1.821 AVG.915 -0.133 1.703 1.650 1.022 -2.700 0.75 276.95 330 328.475 -1.25 323.8 172 174.1 270.967 0.05 903.216 -0.147 1.721 -0.045 -1.562 -0.111 2.059 -0.560 -0.044 -1.087 -0.588 -1.85 883.148 -3.4 5408.194 9.345 0.303 2.935 0.8 5803.1 269.75 279.9 5411.35 315 321.030 0.731 1.35 334.069 2.4 269.461 0.002 - 0.5 0.968 1.674 0.4 278.224 0.65 169.2 5436.381 1.4 5516.858 -0.05 327 333.5 943 941.55 276.15 912.9 275.748 0.967 -1.235 1.4 904.571 2.85 969 879.321 2.478 -0.6 170 173 175 176.1 325.032 -0.1 5542.273 5321.164 0.096 20 15 5 -15 Title BANK OF BARODA UNION BANK 76 ITC 31/03/2011 28/03/2011 23/03/2011 18/03/2011 15/03/2011 10/3/2011 7/3/2011 1/3/2011 24/02/2011 18/02/2011 15/02/2011 10/2/2011 7/2/2011 2/2/2011 28/01/2011 24/01/2011 19/01/2011 14/01/2011 -10 11/1/2011 -5 6/1/2011 0 3/1/2011 Title 10 .2 5382 5478.360 -0.289 -9.038 - -0.481 -1.765 1.408 -0.792 1.5 339.167 - -0.748 -0.5 169.6 168.316 -0.2 5490.7 156.694 -1.85 283.2 898.331 0.037 0.366 -1.05 339.195 1.483 -1.235 0.083 0.8 334.586 -0.171 0.130 0.9 178.756 1.648 1.921 1.5 5420 5476 5455.357 14.15 277.296 1.530 -1.800 -0.557 -0.854 -1.1 -1.35 275.4 5475.304 1.219 0.7 5645.304 1.447 2.551 -0.956 -0.05 882.5 5586.8 5588.621 0.

519 1.423 for Bank of Baroda.821 1.181 -0.AVERAGE RETURN RISK BANK OF BARODA UNION BANK OF INDIA ITC HUL NIFTY 0.423 2.002 0..314 INTERPRETATION: From the above table.096 3. 1. 77 . Risk for HUL is low i. it is clear that the returns for Union bank and HUL are negative.519 and it is higher 3.167 -0.038 -0.415 1.e.

986 -0.510 0.872 -0.95 285.95 190 190.383 -0.760 0.1 279 276 277.6 185.85 886.383 -0.7 5496.35 183 182.016 0.868 0.697 1.05 994 945 905.55 192 194.339 -2.225 0.098 1.260 0.111 -1.932 -2.975 1.170 349.05 985.8 288.55 317.099 -0.680 -1.593 0.463 -2.033 1.4 321 318.989 2.520 1.399 -4.031 -1. ITC LTD.132 2.217 -0.9 275.85 339.PRICE AND RETURNS OF BANK OF BARODA.1 5372.931 -1.7 859. UNION BANK.9 309 313.8 342.8 0.75 286.35 281.773 0.580 -0.436 2.120 1. HUL AND NIFTY FOR THE QUARTER STARTING FROM 1ST APRIL 2011 TO 30TH JUNE 2011 TABLE NO.6 5477.392 -1.014 -1.5 989.694 -1.031 -0.3 334.055 0.8 281.629 -0.177 -0.474 1.1 342.6 824 -0.2 5555.15 959 976 985.75 183.2 876.65 186.572 0.95 304.1 191.962 2.55 278.05 354.233 -1.5 311.65 189 0.7 5567.303 78 .800 1.1 5882.294 0.144 2.979 -2.05 990.1 190.570 2.001 0.713 0.431 0.815 -1.073 -1.261 -1.2 5448.312 -5.155 -1.222 -1.779 -2.125 -0.4 5716 5786.757 0.046 0.139 0.2 5450.7 5385.5 992 980.904 -0.9 5689.016 0.124 -2.028 -1.4 5748 5898.259 286 283.9 351.000 -1.9 184.150 -1.558 -1.501 2.924 3.940 2.6 272.006 1.782 -0.6 5886.624 -1.150 -0.95 185 185.863 3.945 4.337 0.649 -0.1 889 863 850.85 289.55 340.630 -1.466 -0.303 -3.191 -0.919 1.4 5541.225 -1.05 -1.456 -0.95 284 284 280.9 941.508 0.295 -1.5 275.9 5884.5 347.328 2.656 0.65 855.461 1.307 -1.979 0.8 5805.704 0.05 318 320 319.7 344 343.55 275 269.761 1.631 -2.5 187.838 1.7 5531.289 0.4 5782.1 5448.860 1.529 0.401 -0.382 -0.222 -0.497 5835 5842 5923.339 9.65 976 980.55 307.7 297 298 299.05 183. 9 DATE 1/4/11 4/4/11 5/4/11 6/4/11 7/4/11 8/4/11 11/4/11 13/04/11 15/04/11 18/04/11 19/04/11 20/04/11 21/04/11 25/04/11 26/04/11 27/04/11 28/04/11 29/04/11 2/5/11 3/5/11 4/5/11 5/5/11 6/5/11 9/5/11 10/5/11 11/5/11 12/5/11 13/05/11 16/05/11 17/05/11 18/05/11 19/05/11 20/05/11 23/05/11 24/05/11 25/05/11 26/05/11 BANK OF BARODA UNION BANK ITC HUL NIFTY PRICE RETU RN PRICE RETUR N PRICE RETU RN PRICE RETU RN INDEX RETU RN 955.05 892.7 5575.7 960.781 -0.75 343 338.312 0.75 192.5 884.426 -2.8 190.822 -0.817 -0.532 0.293 -1.673 -0.95 845.036 -2.1 185 190.95 309 309.270 -1.15 286.120 1.842 0.169 -0.074 -0.45 184.55 300.396 -0.763 -0.2 338.6 276.95 302 295 291.709 -0.5 318.519 0.401 -1.65 276 280.6 5876.3 306 304 309 308.769 0.75 190 186.8 187 183 183.65 189 188.2 838 809 822.2 338.198 -2.1 5389.654 1.7 5456.821 0.2 5537.9 273.9 5908 5888.5 835.173 -1.95 336.350 -0.204 -2.181 0.318 -1.925 -1.758 -0.461 1.417 -0.571 0.8 5824.448 -1.234 -4.3 190.75 962 950.681 0.205 0.144 -0.5 187.45 186.329 -0.335 -3.198 3.35 873.05 301.489 2.457 0.35 -0.553 2.95 190.6 5547.95 348.899 -0.226 1.239 -0.823 -0.281 -0.075 0.35 193 190.396 0.268 -0.395 0.352 -0.35 183.75 355.195 4.35 950.9 5859.135 -0.813 -3.855 1.214 0.686 182.645 -0.2 5851.324 -0.9 319 316 324 325.958 -0.9 882 901.163 1.266 -0.899 -1.8 5492.5 5766.218 0.989 -0.930 -4.184 -1.5 320.648 -0.

5 188.928 -0.296 187.7 5412.85 311.05 292.154 1.75 323.780 306.8 5304.95 194.910 2.25 320 322 323 310 318.95 318 317.457 -0.032 1.307 0.614 -1.128 0.75 193.5 192 193.713 2.45 322 324.436 0.6 310.7 5504.6 191.4 320.05 881.95 188 195 192.5 194.6 314.1 302.370 0.5 5419.6 318.799 -1.5 191.6 5518.763 -0.922 -0.120 0.598 0.728 -0.9 292.746 -2.5 841 842.25 -0.5 5614.145 - -0.8 5492 5561.145 -0.318 0.287 -0.968 306.794 0.224 - 0.873 0.701 0.2 5548.864 5413.314 0.910 3.4 860.1 861.4 855.046 -3.542 -0.1 323.1 194.570 0.1 5343.140 0.7 313 308.762 1.9 318.320 -0.046 0.670 1.597 0.323 -0.311 -4.3 193.35 322.600 -0.85 305.65 311.970 -1.3 5523.2 5280.5 191.560 0.65 -0.000 0.773 -0.701 -2.1 192.25 199.618 -2.125 -0.1 306 319 307.4 5441.6 864.5 0.4 185. RETURN - -0.474 -0.25 321.5 185.558 1.1 304.001 0.167 -1.928 0.103 0.1 867.95 306.968 3.236 0.1 302.65 298.65 850.759 4.4 324.9 5565.75 195.625 -0.202 2.625 0.273 4.479 -0.038 1.7 316.503 3.1 5469.723 -1.269 - -0.85 314.5 309.807 -4.288 0.6 867.775 0.6 5494.781 0.104 -0.257 -0.1 860 864.517 -1.686 0.058 79 .830 1.867 0.5 194.8 315.3 5509.430 0.108 3.05 321 322.647 -1.026 2.452 -0.95 310 308.745 -1.7 865 858.663 1.016 -1.440 -0.4 313.660 0.9 5566.27/05/11 30/05/11 31/05/11 1/6/11 2/6/11 3/6/11 6/6/11 7/6/11 8/6/11 9/6/11 10/6/11 13/06/11 14/06/11 15/06/11 16/06/11 17/06/11 20/06/11 21/06/11 22/06/11 23/06/11 24/06/11 27/06/11 28/06/11 29/06/11 30/06/11 816.103 -1.940 1.2 319.05 300 -1.1 850.284 -0.7 334 2.088 0.646 -0.85 880 870.2 5535.093 1.901 -0.651 2.035 -1.978 0.453 -1.149 3.1 5529.9 187.5 5372.223 1.6 852.051 -0.248 -3.649 0.470 1.862 AVG.161 -1.209 1.512 -0.968 -0.3 853 851.9 193.15 320.6 311.869 1.649 -0.161 - 0.132 -0.2 194.7 5493.211 -0.533 1.704 0.371 -1.7 5269.4 860 887.487 -1.75 869.436 2.25 843.9 5485.025 2.036 -2.3 190.100 -0.000 1.410 1.206 -0.361 -0.855 -1.

Risk is more for Union bank of india i.422 1.145 -0.e.058 1. 1.e. ITC has less risk when compared to other companies i.10 8 6 2 29/06/2011 24/06/2011 21/06/2011 16/06/2011 13/06/2011 8/6/2011 3/6/2011 31/05/2011 26/05/2011 23/05/2011 18/05/2011 13/05/2011 10/5/2011 5/5/2011 2/5/2011 27/04/2011 21/04/2011 18/04/2011 -4 11/4/2011 -2 6/4/2011 0 1/4/2011 RETURNS 4 -6 -8 DATE BANK OF BARODA AVERAGE RETURN RISK UNION BANK ITC BANK OF BARODA UNION BANK OF INDIA ITC HUL NIFTY -0.269 -0.e.832 2. 2.. 80 . ITC and HUL have positive returns i..719 1. 0..291 1. it is clear that the returns for Bank of baroda and Union bank of india are negative.161 and 0.269 respectively.020 INTERPRETATION: From the above table.224 0.161 0.422.291.

660 0.319 1.510 -1.95 896.956 -0.55 304 295.5 250 251.5 5493.599 -0.724 -1.15 901 858.1 203.2 333.733 0.684 4.9 190.3 5078 4859.758 293.674 5.95 896 895 902 914.1 801.4 5083.65 330.319 -0.7 329.85 325.034 0.2 265.025 -1.75 311 305.7 203.204 1.452 -1.295 -1.720 -0.25 314 318 317.9 5542.213 -2.928 3.189 1.190 0.95 906 896 892.85 320.177 0.15 304.3 325.922 -0.5 202 198.8 306 301.1 199.2 330 331.994 0.9 5196.921 -5.527 -0.8 856.736 -0.4 5479 5527.046 -0.65 280.75 297 296 300.225 -6.564 -0.574 0.585 -0.036 0.015 -0.5 197.556 -1.765 -0.091 0.4 299 304.35 205.915 -1.374 -1.762 -4.3 4843.55 202.332 0.5 208.719 -0.65 315 311.722 0.507 -2.75 331.100 0.6 873.95 202.438 -4.660 0.960 -1.505 -2.193 -3.199 1.884 1.25 331.545 -0.5 210 207.214 0.85 201.142 1.95 314 -0.450 -1.6 5128 5194.352 1.1 275.341 -1.4 319 316 311 317.4 5204.9 845.832 1.247 -0.000 0.324 0.381 -1.714 1.274 -0.423 0.75 200.8 5569.9 195 193.200 2.756 -1.322 -1.7 5633.472 -0.970 -1.607 0.061 -0.095 -2.509 -7.315 -2.621 2.5 201.15 299.85 195.600 -2.7 201.8 5688.85 264.320 0.465 -0.653 -1.1 5554.5 204 204.334 3.95 882 875.927 1.448 -0.662 -0.526 0.564 -1.45 331 331.550 0.048 -0.353 0.4 341 336.832 -0.95 334 332 331.152 -2.213 1.752 -0.5 322.244 0.45 887 882 880.271 -0.05 330.582 -0.060 -0.656 0.112 0.8 297.9 750 745.378 -0.776 -0.2 5402 5412.104 -0.940 -1.970 1. 10 DATE 1/7/11 4/7/11 5/7/11 6/7/11 7/7/11 8/7/11 11/7/11 12/7/11 13/07/11 14/07/11 15/07/11 18/07/11 19/07/11 20/07/11 21/07/11 22/07/11 25/07/11 26/07/11 27/07/11 28/07/11 29/07/11 1/8/11 2/8/11 3/8/11 4/8/11 5/8/11 8/8/11 9/8/11 10/8/11 11/8/11 12/8/11 16/08/11 17/08/11 18/08/11 19/08/11 22/08/11 23/08/11 BANK OF BARODA UNION BANK ITC HUL NIFTY PRICE RETU RN PRICE RETU RN PRICE RETU RN PRICE RETU RN INDEX RETU RN 878 879.75 335.164 -0.25 200 204.203 -1.671 -2.537 -0.267 0.224 -3.741 0.9 4947.185 0.136 0.25 198. ITC LTD.947 -4.362 0. HUL AND NIFTY FOR THE QUARTER STARTING FROM 1ST JULY 2011 TO 30TH SEPTEMBER 2011 TABLE NO.55 315.95 300.582 2.818 3.562 0.55 332.6 5492.05 297.95 875 860 876 868 853 832 877.3 202 -1.7 4925.682 81 .75 800.409 -1.296 -1.9 203.55 275 282 281.530 -0.605 2.610 -0.2 893.95 263.222 -1.55 300.65 332.467 -2.9 5642. UNION BANK.7 325.337 1.166 -0.15 299.394 -1.6 285.5 203.966 -1.459 -0.35 204.507 -1.025 0.686 -0.885 -0.85 909.1 732 0.189 0.4 277.7 5648.844 -2.862 0.486 0.55 870 897.866 342.347 -1.711 1.139 206.402 1.2 -0.664 -1.4 5734.8 833.245 1.123 0.798 -1.9 290 290.250 -1.5 207 205 202.1 5569 5603 5581.621 -1.5 202.306 -0.267 -1.190 -1.425 -4.462 5.25 202 196 199.4 5125.85 313.646 -1.019 0.295 -1.222 2.436 0.888 0.6 5659.921 -0.8 5030.782 1.743 1.229 -0.5 5588.617 5705.913 -1.728 -2.5 323.85 298.030 0.176 -2.9 5622.321 1.1 5556.201 1.094 0.860 -0.PRICE AND RETURNS OF BANK OF BARODA.504 -0.371 -1.8 5679.614 -0.6 5577 5633.347 -0.65 252 2.8 281 275.882 6.

85 354.980 0.357 -4.35 190.345 0.493 0.25 339.75 202 0.476 2.179 0.95 770 801.738 1.6 330 321.3 4806.881 0.003 - -0.232 -0.649 202.7 4977.2 4973.25 234.85 200 198 195.100 0.624 1.9 330.409 1.9 239.046 -1.6 248 -1.2 196.590 4.244 -0.052 1.307 -3.4 5080.482 0.759 -2.85 202.3 253.65 197.2 241.109 1.421 -0.582 4.989 -2.9 786.609 -1.510 2.324 -1.5 338.047 0.75 342.9 198 204 206 203 202 203 200.05 244.152 4.3 4981.35 199.534 -0.299 -1.756 0.162 0.5 242.493 2.05 769 766.2 5161.430 -3.789 3.6 4905.273 -1.8 710 702.55 339.4 245 234.5 4924.021 -5.638 -4.544 2.498 1.7 743 765 759 751.661 -3.15 329.784 -1.398 -2.370 2.95 740 751.4 238 229 247.826 -1.5 4873.55 236.9 767.25 756.010 -1.95 227 229 230.339 AVG.95 196.021 0.335 -3.369 0.053 0.919 -2.782 8.683 3.073 -0.786 -1.030 0.201 82 .2 5139.369 5.85 320 320.415 3.608 -2.018 -1.503 2.305 -0.55 240.960 1.6 5153.4 4914.7 4839.917 -1.9 334 339.172 0.7 196.2 0.000 0.2 4990.581 2.954 3.829 -1.557 1.122 -3.188 2.6 346.2 732 730 720 736.449 -0.746 -2.205 -1.5 347.203 -1.111 1.9 190 193.4 5042.193 318.8 5054.95 245 252.35 325.545 -0.134 247.5 245 242.473 -1.3 5109.753 0.932 -2.25 336 330.459 -1.099 4.8 4998.8 4878.864 1.456 -0.390 -0.381 2.4 201.723 2.05 785 1.927 -3.256 1.9 195.2 5005.594 1.15 233.4 319.05 227.093 -1.24/08/11 25/08/11 26/08/11 29/08/11 30/08/11 2/9/11 5/9/11 6/9/11 7/9/11 8/9/11 9/9/11 12/9/11 13/09/11 14/09/11 15/09/11 16/09/11 19/09/11 20/09/11 21/09/11 22/09/11 23/09/11 26/09/11 27/09/11 28/09/11 29/09/11 30/09/11 740 725.855 2.229 0.8 4965.480 -0.55 1. RETURN - -0.000 -1.736 1.177 -2.15 202.3 320.184 -0.183 1.371 -2.177 -1.8 198.9 4993.399 -1.205 -1.707 -0.254 -0.045 -2.7 755.170 -0.8 342.1 331.018 - -0.495 -1.2 811.1 192.575 0.980 -1.961 -0.319 0.156 - -0.111 1.407 2.206 1.187 -0.1 231.4 5068.125 3.4 5123.259 4.662 4934.1 232.397 0.100 -2.078 -0.854 -0.1 5062.233 - -0.95 780.3 757.606 -0.55 320 320 320.239 1.

83 .018 -0.432 1.206 2. 1.10 8 6 2 28/09/2011 23/09/2011 20/09/2011 15/09/2011 12/9/2011 7/9/2011 2/9/2011 26/08/2011 23/08/2011 18/08/2011 12/8/2011 9/8/2011 4/8/2011 1/8/2011 27/07/2011 22/07/2011 19/07/2011 -6 14/07/2011 -4 11/7/2011 -2 6/7/2011 0 1/7/2011 RETURNS 4 -8 -10 DATE BANK OF BARODA AVERAGE RETURN RISK UNION BANK ITC BANK OF BARODA UNION BANK OF INDIA ITC HUL NIFTY -0.432.897 1..233 -0.156 -0.201 2.003 -0.756 INTERPRETATION: From the above table.700.. Risk is more for Union bank of india i.e. HUL has less risk when compared to other companies i. 2. it is clear that the returns all the companies is negative.e.700 1.

320 -1.879 -1.2 742 771 795.257 0.5 5080.35 211.422 12.5 4791.336 -3.65 247.35 211.927 0.191 -2.416 0.905 1.387 -2.6 381.892 0.306 -0.8 331.1 5027.394 0.35 204.587 -2.1 216.534 2.159 1.501 -1.484 0.323 -0.152 1.505 84 .3 5309.4 5292.283 2.550 -0.842 -0.8 221 219.197 -0.318 -1.568 1.35 210.268 0.5 243.613 210 26/10/11 28/10/11 31/10/11 1/11/11 2/11/11 3/11/11 4/11/11 8/11/11 9/11/11 11/11/11 14/11/11 15/11/11 16/11/11 17/11/11 18/11/11 21/11/11 22/11/11 23/11/11 24/11/11 731.013 5215 5341.7 5159.9 1.55 382 377.523 -4.95 223 218.3 739 740 743.1 210.159 207.294 1.4 4823.479 -2.622 0.5 387.15 331 331.75 204 -0.75 333.633 4.372 0.2 4873.085 2.690 -0.65 207.65 211.7 215.638 ITC HUL NIFTY PRICE RETU RN PRICE RETU RN INDEX RETU RN 195.86 3 1.9 330 -1.35 2.147 0.250 -0.825 1.714 2.531 -0.671 -0.955 -2.2 205.498 -1. 11 DATE BANK OF BARODA UNION BANK PRICE RETUR N PRICE 3/10/11 4/10/11 5/10/11 7/10/11 10/10/11 11/10/11 12/10/11 13/10/11 14/10/11 17/10/11 18/10/11 19/10/11 20/10/11 21/10/11 24/10/11 746.827 -2.833 5137.827 -1.066 2.6 213.768 -0.371 -0.95 239 232.415 -5.517 -1.699 -0.75 192.972 1.9 5278.05 -0.25 200.454 212 214.8 5217.9 4779.715 0.168 1.303 -1.6 5114.847 -3.5 252.126 1.432 1.930 0.6 775 824 817.755 3.45 249.527 0.044 -0.2 785.262 0.5 5086.3 193.744 1.5 752.25 396.153 5.4 5131.604 -0.039 -1.852 2.978 -1.723 -0.95 221.35 779.070 0.451 0.6 5216.9 5011.1 197.15 778.195 -0.713 -3.75 383.526 0.75 388.95 238.393 241.593 1.204 -4.033 2.1 231.172 0.744 1.8 5057.912 339.2 5059.801 -4.6 1.941 0.651 -1.196 1.05 704 704 699.1 4899.602 0.35 205.6 794.500 2.9 216 204. UNION BANK.272 -0.275 3.25 765.046 1.843 -0.4 384.620 -0.9 247. ITC LTD.633 -2.631 -1.05 745 750 747.432 -1.25 206.135 0.9 5019.85 820. HUL AND NIFTY FOR THE QUARTER STARTING FROM 1ST OCTOBER 2011 TO 31TH DECEMBER 2011 TABLE NO.402 342.9 0.5 208 208.392 -0.668 1.655 0.274 0.5 4707.75 694.3 4883.9 251.387 -1.572 4874.071 -2.4 5156.75 198 201.148 -0.486 -0.013 0.95 RETU RN -1.290 0.614 0.120 0.6 229.6 5325.380 1.45 227.650 -0.1 219.15 241 25/10/11 735 -1.307 1.35 334 326.483 -0.15 203.95 383.330 -2.600 -0.35 329.35 750.65 204.608 -3.465 -1.85 255.1 328 329.5 399 391.475 1.217 -1.000 -1.9 743 737.544 0.794 -0.310 0.412 -2.219 -2.8 749 745 761 760.673 0.9 347 351 371.8 5241.9 5358.412 1.5 201.PRICE AND RETURNS OF BANK OF BARODA.15 330.434 0.65 202.85 216.2 200.589 6.639 -0.990 -0.757 3.158 -0.793 -1.794 -0.269 2.25 210.707 214 217.116 -1.2 193.7 -1.140 -0.7 1.968 0.5 200 202.35 196.95 389 390.851 338 333 325.788 -1.35 230.1 200.194 1.3 392.45 1.8 4794.746 0.302 0.824 1.849 4.6 5106.2 5049.812 3.000 -0.741 -2.8 210 212.2 5130.405 -0.583 3.15 252.799 -0.5 390.1 326.1 729.000 -0.2 224.514 0.8 -0.75 205.908 3.7 4886.260 1.545 -0.519 -3.173 2.15 741.

35 199 199.741 -3.8 4636.244 0.55 217.05 194.2 4718.765 4731.938 3.185 2.451 -2.853 1.922 0.578 -0.274 0.9 4763.506 0.164 -1.766 5.342 -2.990 -2.2 4635.4 395.8 403 393.9 5036.604 1.95 411.3 4769.199 1.833 2.382 0.7 199 201.685 0.308 0.017 -3.227 -6.803 1.682 -4.5 197.962 -3.5 220.420 211 222.476 1.9 0.025 -2.65 -0.25 200.55 376.089 -0.5 5050.642 1.251 -3.35 395 394.55 390.024 -3.9 4940.95 387.308 -0.574 - 0.719 -3.25 723.295 -0.4 176 177 174 176.9 212.737 0.028 1.273 2.647 1.724 -0.8 194.836 0.1 679.052 -1.568 -1.729 1.0565 - 0.278 -1.207 -2.7 4712.6 201.5 197.820 -1.8 4752.575 -2.95 197.266 3.2 4756.95 -0.95 220 214.8 4906.362 -0.840 -0.010 2.129 1.5 197.920 -2.1 172 167 162.05 384 395.585 0.285 3.888 -1.364 -5.063 85 .05 676 655 683.450 -0.45 225.531 1.2 4970.2 4660 0.1 5037.25/11/11 28/11/11 29/11/11 30/11/11 1/12/11 2/12/11 5/12/11 7/12/11 8/12/11 9/12/11 12/12/11 13/12/11 14/12/11 15/12/11 16/12/11 19/12/11 20/12/11 21/12/11 22/12/11 23/12/11 26/12/11 27/12/11 28/12/11 29/12/11 30/12/11 692 739.298 0.4 204.264 -3.85 714 720 714 732.722 0.15 385 385. RETURN - -0.85 1.9 204.2 4681.667 -2.6 4788.3 4864.013 -0.315 -0.3 200.6 704.032 -0.114 -1.75 382.328 -2.596 -0.222 -2.496 -0.6 402 401 410 411.4 203.2 4766.8 671 675 672.646 1.5 4623.946 0.274 0.995 -0.221 1.089 -0.453 AVG.247 0.946 1.270 -0.936 0.298 384.037 1.4 4870.830 0.5 393.527 -0.617 -0.485 -0.505 0.1 205.695 1.2 4780.449 -3.070 0.443 -2.05 204 203.156 -0.242 -1.4 386.034 -0.489 -1.502 -1.65 195.85 195.711 -0.016 4.2 166.361 - -0.606 2.403 6.907 -2.489 0.95 224.089 1.788 1.842 -2.55 206 205 204.464 -0.9 741.200 -2.9 205.95 197.7 158.9 4733.116 -0.249 2.209 1.1 713.422 0.2 219.430 1.6 198 185.5 396.740 -5.120 - -0.1 198.228 3.468 191.95 419 416.3 685 648.014 0.95 221.742 -0.107 4.9 742 730 728 735 712 721.5 4636.754 0.467 5.204 -0.75 414.

361 -0.574 0.367 3.284 1.e. it is clear that the returns for Bank of baroda and Union bank of india are negative.10 5 RETURN 0 -5 -10 -15 DATE BANK OF BARODA AVERAGE RETURN RISK UNION BANK ITC BANK OF BARODA UNION BANK OF INDIA ITC HUL NIFTY -0.063 2. 86 . ITC has less risk when compared to other companies i.613 INTERPRETATION: From the above table.284.120 -0...607 1.e. 1.0565 0.475 1. 3. Risk is more for Union bank of india i.475.

85 203.754 408.666 -0.6 394.35 202.75 396.422 1.4 758.267 -1.206 4.176 4.750 2.769 -0.589 0.484 -2.1 174 171.1 5379.75 393.959 0.683 0.751 9.05 202.031 -1.3 800 806 828.6 399.909 -4.887 0.165 0.7 805 789 757 751.333 2.918 3.247 0.639 -1.736 -0.121 -0.324 -1.494 0.410 -1.446 0.15 205.634 4.290 -2.711 0.256 2.953 1.4 205.1 5276.291 0.2 4755.587 3.635 2.913 -0.025 -0.1 722.512 1.2 5561.935 5.039 -0.7 852 870 863 875.712 1.024 1.85 171.217 2.4 5064.501 170.8 4775 4749 4724.9 388 383 385.8 381 -0.5 394 392 391.169 0.329 -2.459 -1.456 0.508 -0.090 2.9 5025.55 386.1 203.190 -3.95 0.963 -0.000 1.451 0.95 203.85 201.222 -0.197 0.568 2.1 5380.8 5460.9 203.9 731.5 207.259 1. HUL AND NIFTY FOR THE QUARTER STARTING FROM 1ST JANUARY 2012 TO 31TH MARCH 2012 TABLE NO.789 1.188 0.85 394.615 3.85 393.8 175.4 393.5 399.5 4977.971 -0.369 1.05 199.940 2.3 393.387 0.988 -1.530 0.3 393 388.8 242 239.510 1.377 -0.674 -0.087 -1.249 1.331 -0.8 5343.15 399.15 169.2 734 764 755 753 782 782.8 0.2 393.847 -0.5 172.15 203 204.523 0.936 0.113 -0.651 0.434 -0.9 260 253.265 3.95 170.25 407.45 207 -0. 12 DATE 2/1/12 3/1/12 4/1/12 5/1/12 6/1/12 7/1/12 9/1/12 10/1/12 11/1/12 12/1/12 13/01/12 16/01/12 17/01/12 18/01/12 19/01/12 20/01/12 23/01/12 24/01/12 25/01/12 27/01/12 30/01/12 31/01/12 1/2/12 2/2/12 3/2/12 6/2/12 7/2/12 8/2/12 9/2/12 10/2/12 13/02/12 14/02/12 15/02/12 16/02/12 17/02/12 21/02/12 22/02/12 BANK OF BARODA UNION BANK ITC HUL NIFTY PRICE RETU RN PRICE RETU RN PRICE RETU RN PRICE RETU RN INDEX RETU RN 670.109 -1.221 0.872 0.7 237.787 -0.9 702 685 703 703.65 205.742 1.05 187.8 5163.276 4.988 -4.75 386 392. ITC LTD.390 0.95 821.711 0.2 205.95 201.5 5413 5343.637 0.15 839.65 790 785.134 -1.483 0.9 755 769.442 -0.447 -0.5 201.638 -0.1 206.5 5216.870 3.096 -0.465 2.646 1.851 0.1 190.9 744.8 4995 5044.643 -0.423 0.991 0.85 209 207.8 5574.628 0.652 -1.2 5272.85 717 722.347 0.628 -1.070 -1.062 -0.733 -0.514 1.319 0.420 0.170 0.6 5125.781 0.2 4841 4862 4844 4904.619 3.929 -0.9 242.411 -2.9 393.927 201.9 391 387.860 87 .973 1.595 1.5 262 259.95 388 384 379.328 -0.701 0.289 0.6 203.65 202.632 5.826 -1.721 0.998 -1.9 206.5 202 202.65 253 259.25 405.05 199 202 204.8 5382.577 -1.8 202.1 5399.217 1.35 269 1.767 2.014 1.116 -0.123 -1.883 4.6 4771.35 209.997 1.203 0.55 203.5 190 195 205.5 396.35 210.05 239.639 -2.178 -0.543 -0.95 194 189 186.PRICE AND RETURNS OF BANK OF BARODA.805 1.2 4675.904 -0.823 1.849 -1.499 4640.1 671.952 1.868 -2.580 -3.277 -0.95 214 205 214 216 228.508 1.9 5609.85 199.038 -0.569 0.216 0.3 5198.206 -0.477 1.7 261.107 1.601 1.4 391.273 1.998 -0.644 -0.75 389 385.785 1.623 -1.878 0.120 -0.851 -0.349 1.048 0.15 405.9 4863.95 704.758 -1.076 1. UNION BANK.926 5.480 -4.6 5513.5 199.6 4747.8 5151.422 2.15 179 185.020 -0.9 232.5 204.056 -0.534 2.342 1.948 -0.941 2.85 699.147 -0.

810 -0.705 -2.064 -0.877 -1.146 1.274 -1.671 1.860 -3.960 -0.536 1.126 2.2 5267.55 232.1 5294.647 5.2 5448.7 221.191 1.015 - 0.05 205.509 -1.6 -2.6 245 234.9 391 395.95 804.95 860 844 812.122 -0.85 226 224 224.621 0.652 0.7 389.95 762 814.15 389.639 0.8 415.45 252.846 -0.5 5425 5366 5369.990 0.438 5490.010 -4.723 0.282 1.75 798.769 4.95 820.045 -1.55 411 409.95 779 771.109 0.449 0.755 3.434 2.024 0.175 -0.2 5361.050 -4.433 -1.6 207.336 6.241 -0.896 -1.1 5310.3 217.1 5255.318 3.709 1.4 804.218 -0.447 2.1 789.6 0.369 -0.957 2.655 0.025 2.85 208.535 208.4 207 210 212 208.307 3.4 5337.15 379.102 -6.23/02/12 24/02/12 27/02/12 28/02/12 29/02/12 1/3/12 2/3/12 3/3/12 5/3/12 6/3/12 7/3/12 9/3/12 12/3/12 13/03/12 14/03/12 15/03/12 16/03/12 19/03/12 20/03/12 21/03/12 22/03/12 23/03/12 26/03/12 27/03/12 28/03/12 29/03/12 30/03/12 819.1 5420.323 0.315 -1.202 1.672 2.15 210.029 1.087 -0.15 211 207.019 -0.65 210 211.326 -1.286 1.595 -0.4 5243 5231.45 223.5 231.222 4.8 383.95 220 219.85 383.134 -0.017 0.885 0.05 242 240.028 0. RETURN - 0.7 5146 5206.503 0.530 - 0.253 - 0.511 -1.856 1.163 -7.040 0.65 381.616 1.120 0.4 223 223.1 381.341 -0.386 -0.2 404 396.639 1.731 -1.010 3.5 5380.85 380.363 -0.049 0.1 395.223 0.5 5360.756 1.997 -0.5 403 404.3 225.786 -2.542 -1.394 -0.355 -1.1 5479.1 5490.9 244.45 839 832.095 -0.381 0.967 0.95 233 230 232.567 -2.972 0.5 379.25 217 220.190 88 .611 -0.119 1.504 -0.024 -0.238 -1.035 -3.1 5342.5 381 384.45 810 801.215 -1.526 2.05 380 380.9 795.199 -0.177 - 0.548 -0.95 229.75 -8.155 -1.268 377.75 388.6 223.721 -1.616 0.783 -1.95 -6.6 5462.886 -1.4 5257.95 247.799 -1.894 -0.9 227 239.6 210 212.9 817.589 -5.288 1.087 0.905 245.25 387.9 216 221 217 216.9 823 831 838.303 1.1 205.590 1.55 241.1 5391.231 -2.1 206.6 5266 5207.7 229.952 -1.026 0.501 -1.2 -1.65 382.227 -1.295 -0.356 -0.382 2.355 3.138 -2.399 -0.656 -1.65 226.05 794 795 812 790 804.366 -2.429 0.394 -0.309 5.693 0.760 -1.380 -0.7 5274.276 0.648 -1.179 AVG.

373 and it is less for ITC i. for union bank 0. it is clear that the return for Bank of baroda is 0.397 3...190 2. risk is more for Union bank of India i.231.519 1.015 0.177 0.530 for ITC 0. 89 . 3.e.253 0. 1.231 1.177 and for HUL the return is 0.015.179 INTERPRETATION: From the above table.373 1.530 0.253.e.12 10 8 6 2 30/03/2012 27/03/2012 22/03/2012 19/03/2012 14/03/2012 9/3/2012 5/3/2012 1/3/2012 27/02/2012 22/02/2012 16/02/2012 13/02/2012 8/2/2012 3/2/2012 31/01/2012 25/01/2012 20/01/2012 17/01/2012 -6 12/1/2012 -4 9/1/2012 -2 5/1/2012 0 2/1/2012 RETURNS 4 -8 -10 DATE BANK OF INDIA AVERAGE RETURN RISK UNIN BANK ITC BANK OF BARODA UNION BANK OF INDIA ITC HUL NIFTY 0.

.e.. 90 . During the year 1st April 2011 to 31st March 2012. from 1st April 2009 to 31st March 2010. 0. 1. 0.. 11. During the first year of the study i. During the year 1st April to 31st March 2011. the following findings have been drawn. 2.e. Union Bank.. the return and risk is high for Bank of Baroda i.648. ITC and HUL.e. 11.533 and ITC has highest risk i.FINDINGS From the analysis of the stock of Bank of Baroda. 5. Union Bank of India has more negative returns when compared to the other companies.e.. return is high for HUL i. 2. All the companies have negative returns in some quarters.539.e.e. 4.642 and the risk is high for Union Bank of India i. Bank of Baroda has highest return i..862.159 and risk is 15. 3.

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

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

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

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