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Aprojectreportonfundamentaltechnicalanalysisofautomobilesectoratgiojitpnbparibasltd 120809060856 Phpapp01
Aprojectreportonfundamentaltechnicalanalysisofautomobilesectoratgiojitpnbparibasltd 120809060856 Phpapp01
Sector
INDEX
1. Executive Summary1 6
2. Company Profile ........7
Profile. 8 -10
Products and Services...11 - 17
3. Overview of Stock Market.......18 - 24
4. Introduction to Fundamental & Technical Analysis........................25 - 38
5. EIC Analysis........39
Economic Analysis...40 - 43
Industry Analysis..44 - 53
Company analysis.54 - 61
6. Technical Analysis...62
Relative Strength Index(RSI)...63 76
Moving Average...77 90
Japanese Candlestick Chart...91 - 92
7. Findings.93 - 95
8. Conclusion.96
9. Suggestions......97
10. Bibliography....98 - 99
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EXECUTIVE SUMMARY
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CHAPTER 1
EXECUTIVE SUMMARY
I. TITLE OF THE PROJECT:
Fundamental & Technical Analysis of Automobile Sector Undertaken at
Geojit Financial Services Ltd.
II. ABOUT THE COMPANY:
Name & Address of the Company: -
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VI. METHODOLOGY:
Primary data is collected through direct interactions with the Branch Manager,
Employees and clients of Geojit Financial Services, Ltd.
The Secondary data is collected from the annual reports of the company, relevant
text books on the subject matter and companys official website.
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In case of RSI of Maruti Suzuki Scrip, the best time to sell the stock was between 12 th
July 07 to 31st July 07 and 9th October 07 to 18th October 07 since the RSI was above
70 & it had reached its peak level. The best time to buy the stock was between 2 nd Jan
08 to 24th Jan 08 since the RSI was below 30 for these many days.
In case of RSI of Tata Motors, the best time to sell the stock was between 27 th Sep 07
to 4th October 07 and 10th December 07 to 12th December 07 since the RSI was above
70 & it had reached its peak level. The best time to buy the stock was between 8 th
August 07 to 23rd August 07 and 23rd Jan 08 to 24th Jan 08 as well as between 7 th
March to 18th March 08 since the RSI was below 30 for these many days.
The 10 days moving average of Maruti Suzuki scrip, provides a message to the
investor that it is a right time to buy the Stock and, the trend of the Moving Average
line has been decreased, so it is also a right time to buy the stock.
In case of 10 days Moving Average of Tata Motors Ssrip, the actual Stock price is
just below its moving average line. It indicates that investors are becoming
increasingly bullish on the Stock Price of Tata Motors.
In Japanese Candle Stick Chart of Maruti Suzuki Ltd. we can see that the stock price
has been decreased. Simply Share Prices of Maruti Suzuki Ltd is falling down. It
indicates that the investors are becoming more bearish than bullish.
In case of Japanese Candle Stick Chart of Tata Motors, we can observe lot of
volatility in stock price. Both the Bullish and Bearish trends are taking place. The
Bullish trend is following by Bearish Trend
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If an investor opts for long term investment then he will earn huge amount of return.
Long term Investment is known to be less risky.
This study may not provide any guidelines to Speculators. It is useful to Long Term
Investors.
One of the most basic and easy to use technical analysis indicators is the moving
average, which shows the average value of a security's price over a period of time.
The most commonly used moving averages are 10 days, 20 days, 30 days, 50 days,
100 days and 200-days moving average..
One of the most important areas for any investor to look when researching a company
is the financial statement. Financial reports are required by law and are published
both quarterly and annually.
If we consider RSI then almost all the scrips of these companies are lying between 30
and 70. It means an investor should hold the scrips until it reaches 70 to sell and 30 to
buy.
Moving average is one of the best methods of predicting future movement of Stock
Price. If we use 200 Day Moving Average for Analysis then volatility of stock will be
less. It gives clear picture of movement of Stock.
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SUGGESTIONS:
1. Before going to invest, an investor should have clear and adequate knowledge of
capital market.
2. It is better to go for Long term Investment rather than the Short term Investment.
Because it is less risky and also provides sufficient return.
3. The investors should know the value of money.
4. Practically, stock market activities are very risky. So, investors should be careful
while investing.
5. In case of half knowledge about stock market is very dangerous. So, whenever a
person wants to invest in stock market he should take necessary tips from the
experts or Technical Analysts.
6. Investors should also look into global pressure and market movement in order to
look for avenues of investing in different stocks and to take position; some of the
sources for understanding global pressure are CNBC TV18, News Paper,
Economy watch etc.
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COMPANY PROFILE
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CHAPTER 2
PROFILE OF GEOJIT FINANCIAL SERVICES LTD.
Geojit, a joint venture with Kerala State Industrial Development Corporation Ltd.
is a pioneer in the retail financial services sector. Over two decades the company has
grown to offering complete management solutions. Today the company has over Rs.20
billion in assets under its custody.
Geojits shares are listed on the Bombay Stock Exchange. The company is a
member of the National Stock Exchange of India Ltd., the Bombay Stock Exchange and
the National Securities Depository Ltd., and a charter member of the Association of
Financial Planners, India. More than 1000 professionals are operating through over 250
offices across the country provide services to a growing retail investor base of 200,000.
Prominent institutional clients include banks, mutual funds and other institutions such as
UTI and insurance companies.
Geojit has a large pool of certified professionals who plan, execute and manage
customized investment strategies for clientele. Financial literacy programmes are
conducted on a regular basis through the branch network to raise investment awareness.
Early application of innovative technology in the industry led to many national
firsts such as internet trading, electronic securities settlement on the web and an online
integrated trading screen for stocks and derivatives.
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YEAR EVENTS
1988
1994
The company, Geojit Securities Limited (GSL), was a partnership firm, with
two partners Mr. C.J. George and Mr. Ranjit, under the name and style of M/s
Geojit & Company established on 4th November, to act as stock and share
brokers with membership on the Cochin Stock Exchange.
- The company was incorporated as a Public Limited Company on 24 th
November and obtained its Certificate of commencement of business on
25th January 1995.
- The company is at present engaged in the activities of stock and share
broking, underwriting, marketing of initial public offering of companies and
mutual funds, corporate advisory services, investments in shares,
participating in Bought Out Deals, syndication of inter-corporate deposits,
debt, bought-outs etc.
- The company has at present branches at Trichur, Kottayam, Muvattupuzha
and Coimbatore apart from having representative offices at Mumbai.
1995
1996
1998
1999
2000
The company has a subsidiary in the name of Geojit Stock and Shares Limited
(GSSL) to carry on the activities as a Dealer of Over The Counter Exchange of
India.
- The company had made a public issue of equity shares aggregating to
Rs.95/- lakhs, during the period under report which received an
overwhelming support and was oversubscribed over 14 times.
- The Company held 100% of the paid up Capital of Rs.30,00,000/- M/s
Geojit Stock & Shares Ltd., a wholly owned subsidiary of the Company as
at 31st March.
The Company, a joint venture company with Kerala State Industrial
Development Corporation (KSIDC), has announced improved working results
for 1997-98.
- The equity shares of the company are presently listed at five Stock
Exchanges viz., Madras, Ahemedabad, Coimbatore, Delhi and Cochin
- The Company based in Kochi, to set up a full-fledged office in the UAE,
which will not only enable it to deal in Indian shares and securities, but also
help it become a licensed stock broking company in that country.
- Geojit Securities Ltd, a leading retail share broking firm launched Internet
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2001
2002
2003
2004
2005
2006
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PRODUCTS:
Equity
F & O (Futures and Options)
Margin Trading Funding Scheme
Loan Against Shares
Loan Against Commodity Trading
Depository
Commodity
Portfolio Management Services (PMS)
1) Equity:
Equity/ordinary share capital, as a long-term source of finance, represents
ownership capital/securities and its owners equity-holders/ordinary shareholders
share the reward and risk associated with the ownership of corporate enterprises. A
shareholder can exercise, sell in the market and renounce/forfeit his pre-emptive rights
partially/completely. He does not gain/lose from rights issues. Ordinary share capital is a
high-risk-high-reward source of finance for corporate. The shareholders share the risk,
return and control associated with ownership of companies.
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6) Depository:
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7) Commodity:
Geojit Commodities, a subsidiary of Geojit Financial Services Limited, is mainly
engaged in the business of Commody Futures Trading. Geojit Commodities is a member
of:
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OVERVIEW OF EQUITY
MARKET
CHAPTER 3
OVERVIEW OF EQUITY MARKET IN INDIA
BSE (Bombay Stock Exchange)
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SENSEX MILESTONES:
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1000, July 25, 1990- On July 25, 1990, the Sensex touched the magical four-digit
figure for the first time and closed at 1,001 in the wake of a good monsoon and
excellent corporate results.
2000, January 15, 1992 -On January 15, 1992, the Sensex crossed the 2,000-mark
and closed at 2,020 followed by the liberal economic policy initiatives undertaken by
the then finance minister and current Prime Minister Dr Manmohan Singh.
3000, February 29, 1992 -On February 29, 1992, the Sensex surged past the
3000 mark in the wake of the market-friendly Budget announced by the then Finance
Minister, Dr Manmohan Singh.
4000, March 30, 1992 -On March 30, 1992, the Sensex crossed the 4,000-mark
and closed at 4,091 on the expectations of a liberal export-import policy. It was then
that the Harshad Mehta scam hit the markets and Sensex witnessed unabated selling.
5000, October 8, 1999 -On October 8, 1999, the Sensex crossed the 5,000-mark as
the BJP-led coalition won the majority in the 13th Lok Sabha election.
6000, February 11, 2000 -On February 11, 2000, the infotech boom helped the
Sensex to cross the 6,000-mark and hit and all time high of 6,006.
7000, June 20, 2005 -On June 20, 2005, the news of the settlement between the
Ambani brothers boosted investor sentiments and the scrips of RIL, Reliance Energy,
Reliance Capital and IPCL made huge gains. This helped the Sensex crossed 7,000
points for the first time.
8000, September 8, 2005 -On September 8, 2005, the Bombay Stock Exchange's
benchmark 30-share index -- the Sensex -- crossed the 8000 level following brisk
buying by foreign and domestic funds in early trading.
9000, November 28, 2005 -The Sensex on November 28, 2005 crossed the magical
figure of 9000 to touch 9000.32 points during mid-session at the Bombay Stock
Exchange on the back of frantic buying spree by foreign institutional investors and
well supported by local operators as well as retail investors.
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10,000, February 7, 2006 - The Sensex on February 6, 2006 touched 10,003 points
during mid-session. The Sensex finally closed above the 10K-mark on February 7,
2006.
11,000, March 27, 2006 - The Sensex on March 21, 2006 crossed the magical figure
of 11,000 and touched a life-time peak of 11,001 points during mid-session at the
Bombay Stock Exchange for the first time. However, it was on March 27, 2006 that
the Sensex first closed at over 11,000 points.
12,000, April 20, 2006 - The Sensex on April 20, 2006 crossed the magical figure of
12,000 and closed at a lifetime peak of 12,040 points for the first time.
13,000, October 30, 2006- The Sensex had touched the 13,000 level on October 30.
16,000, September 19, 2007- The Sensex on September 19, 2007 crossed the 16,000
mark and reached a historic peak of 16322 while closing. The bull hits because of the
rate cut of 50 bps in the discount rate by the Fed chief Ben Bernanke in US.
17,000, September 26, 2007- The Sensex on September 26, 2007 crossed the 17,000
mark for the first time, creating a record for the second fastest 1000 point gain in just
5 trading sessions. It failed however to sustain the momentum and closed below
17000. The Sensex closed above 17000 for the first time on the following day.
Reliance group has been the main contributor in this bull run, contributing 256 points.
This also helped Mukesh Ambani's net worth to grow to over $50 billion or Rs.2
trillion. It was also during this record bull run that the Sensex for the first time
zoomed ahead of the Nikkei of Japan.
18,000, October 9, 2007- The Sensex crossed the 18k mark for the first time on
October 9, 2007. The journey from 17k to 18k took just 8 trading sessions which is
the third fastest 1000 point rise in the history of the sensex. The sensex closed at
18,280 at the end of day. This 788 point gain on 9th October was the second biggest
single day absolute gains.
19,000, October 15, 2007- The Sensex crossed the 19k mark for the first time on
October 15th 2007. It took just 4 days to reach from 18k to 19k. This is the fastest
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20,000, October 29, 2007- The Sensex crossed the 20k mark for the first time with a
massive 734.5 point gain but closed below the 20k mark. It took 11 days to reach
from 19k to 20k. The journey of the last 10,000 points was covered in just 869
sessions as against 7,297 sessions taken to touch the 10,000 mark from 1,000 levels.
In 2007 alone, there were six 1,000-point rallies for the Sensex.
The Organization:
The National Stock Exchange of India Limited has genesis in the report of the
High Powered Study Group on Establishment of New Stock Exchanges, which
recommended promotion of a National Stock Exchange by financial institutions (FIs) to
provide access to investors from all across the country on an equal footing. Based on the
recommendations, NSE was promoted by leading Financial Institutions at the behest of
the Government of India and was incorporated in November 1992 as a tax-paying
company unlike other stock exchanges in the country.
On its recognition as a stock exchange under the Securities Contracts (Regulation)
Act, 1956 in April 1993, NSE commenced operations in the Wholesale Debt Market
(WDM) segment in June 1994. The Capital Market (Equities) segment commenced
operations in November 1994 and operations in Derivatives segment commenced in June
2000.
NIFTY:
The Nifty is relatively a new comer in the Indian market. S&P CNX Nifty is a 50
stock index accounting for 23 sectors of the economy. It is used for purposes such as
benchmarking fund portfolios; index based derivatives and index funds.
The base period selected for Nifty is the close of prices on November 3, 1995,
which marked the completion of one-year of operations of NSE's capital market segment.
The base value of index was set at 1000.
S&P CNX Nifty is owned and managed by India Index Services and Products
Ltd. (IISL), which is a joint venture between NSE and CRISIL. IISL is a specialized
company focused upon the index as a core product. IISL have a consulting and licensing
agreement with Standard & Poor's (S&P), who are world leaders in index services.
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CHAPTER 4
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TECHNICAL ANALYSIS:
Technical analysis is the examination of past price movements to forecast future
price movements. Technical analysts are sometimes referred to as chartists because they
rely almost exclusively on charts for their analysis.
Moving Average:
A Moving Average is an indicator that shows the average value of a security's
price over a period of time. When calculating a moving average, a mathematical analysis
of the security's average value over a predetermined time period is made. As the
securities price changes, its average price moves up or down.
There are several popular ways to calculate a moving average. Meta Stock for
Java calculates a "simple" moving average--meaning that equal weight is given to each
price over the calculation period.
Interpretation:
The most popular method of interpreting a moving average is to compare the
relationship between a moving average of the security's price with the security's price
itself. A buy signal is generated when the security's price rises above its moving average
and a sell signal is generated when the security's price falls below its moving average.
This type of moving average trading system is not intended to get you in at the
exact bottom nor out at the exact top. Rather, it is designed to keep you in line with the
security's price trend by buying shortly after the security's price bottoms and selling
shortly after it tops.
The critical element in a moving average is the number of time periods used in
calculating the average. When using hindsight, you can always find a moving average
that would have been profitable. The key is to find a moving average that will be
consistently profitable. The most popular moving average is the 39-week (or 200-day)
moving average. This moving average has an excellent track record in timing the major
(long-term) market cycles.
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Price Oscillator:
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Price Rate-Of-Change:
The Price Rate-of-Change ("ROC") indicator displays the difference between the
current price and the price x-time periods ago. The difference can be displayed in either
points or as a percentage. The Momentum indicator displays the same information, but
expresses it as a ratio.
Interpretation:
It is a well-recognized phenomenon that security prices surge ahead and retract in
a cyclical wave-like motion. This cyclical action is the result of the changing
expectations as bulls and bears struggle to control prices.
The ROC displays the wave-like motion in an oscillator format by measuring the
amount that prices have changed over a given time period. As prices increase, the ROC
rises; as prices fall, the ROC falls. The greater the change in prices, the greater the
change in the ROC.
The time period used to calculate the ROC may range from 1-day (which results
in a volatile chart showing the daily price change) to 200-days (or longer). The most
popular time periods are the 12- and 25-day ROC for short to intermediate-term trading.
These time periods were popularized by Gerald Appel and Fred Hitschler in their book,
Stock Market Trading Systems.
The 12-day ROC is an excellent short- to intermediate-term overbought/oversold
indicator. The higher the ROC, the more overbought the security; the lower the ROC, the
more likely a rally. However, as with all overbought/oversold indicators, it is prudent to
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Trendlines:
In the preceding section, we saw how support and resistance levels can be
penetrated by a change in investor expectations (which results in shifts of the
supply/demand lines). This type of a change is often abrupt and "news based."
In this section, we'll review "trends." A trend represents a consistent change in
prices (i.e., a change in investor expectations). Trends differ from support/resistance
levels in that trends represent change, whereas support/resistance levels represent barriers
to change.
As shown in the following chart, a rising trend is defined by successively higher
low-prices. A rising trend can be thought of as a rising support level--the bulls are in
control and are pushing prices higher.
As shown in the next chart, a falling trend is defined by successively lower highprices. A falling trend can be thought of as a falling resistance level--the bears are in
control and are pushing prices lower.
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The chart below is an example of a candlestick chart for AT&T (T). Green bars
indicate the stock price rose, red indicates a decline:
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This is a bullish pattern - the stock opened at (or near) its low and
closed near its high
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Cup and Handle - This is a pattern on a bar chart that can be as short as seven
weeks and as long as 65 weeks. The cup is in the shape of a "U". The handle has a
slight downward drift. The right-hand side of the pattern has low trading volume.
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Double Bottom - This pattern resembles a "W" and occurs when a stock price
drops to a similar price level twice within a few weeks or months. You should buy
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EIC ANALYSIS
CHAPTER: 5
INDIAN ECONOMY: AN OVERVIEW
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CHAPTER 6
OVERVIEW OF AUTOMOBILE INDUSTRY IN INDIA
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The automobile industry had a growth of 15.4 % during April-January 2007, with
the average annual growth of 10-15% over the last decade or so. With the incremental
investment of $35-40 billion, the growth is expected to double in the next 10 years.
Consistent growth and dedication have made the Indian automobile industry the
second- largest tractor and two-wheeler manufacturer in the world. It is also the fifthlargest commercial vehicle manufacturer in the world. The Indian automobile market is
among the largest in Asia.
The key players like Hindustan Motors, Maruti Udyog, Fiat India Private Ltd,
Tata Motors, Bajaj Motors, Hero Motors, Ashok Leyland, Mahindra & Mahindra have
been dominating the vehicle industry. A few of the foreign players like Toyota Kirloskar
Motor Ltd., Skoda India Private Ltd., Honda Siel Cars India Ltd. have also entered the
market and have catered to the customers needs to a large extent.
Not only the Indian companies but also the international car manufacturing
companies are focusing on compact cars to be delivered in the Indian market at a much
smaller price. Moreover, the automobile companies are coming up with financial schemes
such as easy EMI repayment systems to boost sales.
There have been exhibitions like Auto-expo at Pragati Maidan, New Delhi to
share the technological advancements. Besides, there are many new projects coming up
in the automobile industry leading to the growth of the sector.
The Government of India has liberalized the foreign exchange and equity
regulations and has also reduced the tariff on imports, contributing significantly to the
growth of the sector. Having firmly established its presence in the domestic markets, the
Indian automobile sector is now penetrating the international arena. Vehicle exports from
India are at their highest levels. The leaders of the Indian automobile sector, such as Tata
Motors, Maruti and Mahindra and Mahindra are leading the exports to Europe, Middle
East and African and Asian markets.
The Ministry of Heavy Industries has released the Automotive Plan 2006-2016,
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STRENGTHS:
WEAKNESSES:
OPPORTUNITIES:
THREATS:
CHAPTER: 7
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Impact
Positive: Will be passed on to customers
and help demand growth.
Gainers: Maruti, Tata Motors, Hero
Honda, Bajaj Auto, Ashok Leyland
Budget Measures:
Budget Impact:
Excise duty reductions will help lower prices and stimulate demand for 2&3 wheelers
and small cars.
Increased demand for new buses from STUs (State Transport Undertakings) as well
as private players.
Higher agricultural credit outlay will help boost demand for tractors.
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Company Impact:
2&3 wheeler makers like Hero Honda, Bajaj and TVS Motors to benefit from
reduction in excise duties.
Small car players like Tata Motors and Maruti will reap the benefit from small cars
excise duty reductions.
Ashok Leyland and Tata Motors, the leading bus manufacturers will benefit from
excise duty reductions on buses.
Suppliers to the defence sector like M&M and Ashok Leyland to benefit from higher
defence sector allocation.
Increased agriculture credit outlay will benefit two-wheeler makers as well as tractor
manufacturers like M&M and Punjab Tractors.
Excise duty of 16% which is applicable currently only on the small cars of certain
engine and length specifications should be made applicable to vehicles across all the
segments.
The weighted deduction of 150% of the expenses incurred on scientific research
should be extended for a further period of at least 10 years even after 2012. Small
cars, which attract 16% excise duty, should be defined on the basis of the length of
4,000 mm and the criteria based on engine capacity should be removed.
Definition of capital goods should be amended to treat motor vehicle as capital goods
for service providers such as Architect, Chartered Accountant, Cost Accountant,
Company Secretary and the like.
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Budget 2006-07
Agricultural lending target
set at Rs 1,750 bn for FY07,
an increase of 32.5%. One
time grant to farmers who
have availed loans from
scheduled
commercial
banks, RRBs and PSCs for
Kharif and Rabi 2005-06 of
a principle amount up to Rs
0.1 m and interest rate of up
to 2%. Short-term credit to
farmers at 7% for loans up
to Rs 0.3 m and 0.6 m
hectors to be brought under
irrigation in FY07.
Budget 2007-08
Customs duty on new and
second hand motor cars/two
wheelers will continue at
60% and 100% respectively
A weighted deduction of
150%
for
expenditure
relating to in-house research
and development to be
extended to five more years
Secondary
and
higher
education cess @ 1% of the
aggregate of duties of excise
has been imposed on
excisable goods including
automobiles. This would be
in addition to existing
education cess of 2%
imposed in budget 2004
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Key Positives
Key Negatives
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CHAPTER: 8
COMPANY ANALYSIS
MARUTI SUZUKI INDIA LTD.
Maruti Suzuki India Limited is a publicly listed automaker in India. It is a
leading four-wheeler automobile manufacturer in South Asia. Suzuki Motor Corporation
of Japan holds a majority stake in the company. It was the first company in India to massproduce and sell more than a million cars. It is largely credited for having brought in an
automobile revolution to India. It is the market leader in India. On 17 September, 2007,
Maruti Udyog was renamed to Maruti Suzuki India Limited. The company's
headquarters remain in Gurgaon, near Delhi.
Maruti Suzuki is one of India's leading automobile manufacturers and the market
leader in the car segment, both in terms of volume of vehicles sold and revenue earned.
Until recently, 18.28% of the company was owned by the Indian government, and 54.2%
by Suzuki of Japan. The Indian government held an initial public offering of 25% of the
company in June 2003. As of May 10, 2007, Govt. of India sold its complete share to
Indian financial institutions. With this, Govt. of India no longer has stake in Maruti
Udyog.
Maruti Udyog Limited (MUL) was established in February 1981, though the
actual production commenced in 1983. Through 2004, Maruti has produced over 5
Million vehicles. Marutis are sold in India and various several other countries,
depending upon export orders. Cars similar to Marutis (but not manufactured by Maruti
Udyog) are sold by Suzuki in Pakistan and other South Asian countries.
The company annually exports more than 30,000 cars and has an extremely large
domestic market in India selling over 500,000 cars annually. Maruti 800, till 2004, was
the India's largest selling compact car ever since it was launched in 1983. More than a
million units of this car have been sold worldwide so far. Currently, Maruti Alto tops the
sales charts.
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Sales Income
2007/12
5,480.50
2006/12
4,323.04
var %
26.77
Other Income
170.67
128.43
32.89
4,867.25
3,815.88
27.55
14.36
15.74
-8.77
769.56
619.85
24.15
86.73
75.86
14.33
Tax
215.79
167.58
28.77
PAT
467.04
376.41
24.08
Equity
144.46
144.46
0.00
OPM (%)
11.19
11.73
-0.54
GPM (%)
10.93
11.37
-0.44
NPM (%)
8.52
8.70
-0.18
Expenditure
Interest
Gross Profit
Depreciation
Balance Sheet
Rs. cr
Year
Source of Funds
Equity Capital
Prefrential Capital
Reserves and Surplus
Secured Loans
Unsecured Loans
Total
Application of Funds
Babasabpatilfreepptmba.com
2007/03
2006/03
144.50
144.50
0.00
0.00
6,709.40
5,308.10
63.50
71.70
567.30
0.00
7,484.70
5,524.30
Page 57
Particulars
Return on Equity
Book Value
Debt Equity
P/E Ratio
DPS
EPS
RONW
Current Ratio
Quick Ratio
Interest Coverage Ratio
Retention Ratio
Bonus Adjustment
Adjusted EPS
6,146.80
4,954.60
3,487.10
3,259.40
2,659.70
1,695.20
1,176.90
1,685.90
7,484.70
5,524.30
1.50
18.76
17.10
1.17
0.85
32.32
5.2187
1
18.76
2.00
29.55
19.03
1.68
1.25
49.70
4.1530
1
29.55
3.50
41.16
23.24
1.77
1.31
104.61
3.7969
1
41.16
2007
0.2279
237.23
0.09
14.58
4.50
54.07
22.63
1.42
1.13
68.23
3.7101
1
54.07
Price Chart:
Babasabpatilfreepptmba.com
Page 58
TATA MOTORS
Tata Motors Limited formerly known as TELCO (TATA Engineering and
Locomotive Company), (NYSE: TTM) - is India's largest passenger automobile and
commercial vehicle manufacturing company. It is a part of the Tata Group, and has its
headquarters in Mumbai, Maharashtra. One of the world's largest manufacturers of
commercial vehicles and known for its hatchback passenger vehicle Tata Indica, Tata
Motors has its manufacturing base in Jamshedpur, Lucknow, Pune and Singur. The OICA
ranked it as the world's 21st largest vehicle manufacturer, based on figures for2006.
Tata Motors was established in 1945, when the company began making trains.
Tata Motors was first listed on the NYSE in 2004. Tata Motors gained Rs. 320 billion
during 2001-2006 which was among the top 10 corporate profits in India. In 2004 it also
bought Daewoo's truck manufacturing unit, now known as Tata Daewoo Commercial
Vehicle, in South Korea. In March 2005, it acquired a 21% stake in Hispano Carrocera
SA, giving it controlling rights in the company. On 10 January 2008, Tata Motors
launched their much awaited Tata Nano, noted for its Rs 100,000 price-tag, at Auto Expo
2008 in Pragati Maidan, Delhi.
Tata Motors Limited is India's largest automobile company, with revenues of Rs.
32,426 crores (USD 7.2 billion) in 2006-07. It is the leader by far in commercial
vehicles in each segment, and the second largest in the passenger vehicles market with
winning products in the compact, midsize car and utility vehicle segments. The
company is the world's fifth largest medium and heavy commercial vehicle
manufacturer, and the world's second largest medium and heavy bus manufacturer.
The company's 22,000 employees are guided by the vision to be "best in the
manner in which we operate, best in the products we deliver, and best in our value
system and ethics." Tata Motors helps its employees realise their potential through
innovative HR practices. The company's goal is to empower and provide employees
with dynamic career paths in congruence with corporate objectives. All-round potential
development and performance improvement is ensured by regular in-house and external
training. The company has won several awards recognizing its training programmes.
Tata Motors, the first company from India's engineering sector to be listed in the
New York Stock Exchange (September 2004), has also emerged as an international
automobile company. In 2004, it acquired the Daewoo Commercial Vehicles Company,
Korea's second largest truck maker. The rechristened Tata Daewoo Commercial
Vehicles Company has launched several new products in the Korean market, while also
exporting these products to several international markets.
Babasabpatilfreepptmba.com
Page 59
Sales Income
2007/12
8,364.37
2006/12
8,047.41
var %
3.94
Other Income
91.81
14.32
541.13
7,531.80
7,123.86
5.73
91.77
85.17
7.75
Gross Profit
832.61
852.70
-2.36
Depreciation
167.51
143.50
16.73
Tax
166.05
195.57
-15.09
PAT
499.05
513.17
-2.75
Equity
385.54
385.32
0.06
OPM (%)
9.95
11.48
-1.53
GPM (%)
8.86
10.42
-1.56
NPM (%)
5.96
6.37
-0.41
Expenditure
Interest
Balance Sheet
Babasabpatilfreepptmba.com
Page 60
Source of Funds
Equity Capital
Prefrential Capital
Reserves and Surplus
Secured Loans
Unsecured Loans
Total
Application of Funds
Gross Block
Accumulated Deprecation
Net Block
NetCurrentAssets
Total
Particulars
Return on Equity
Book Value
Debt Equity
P/E Ratio
DPS
EPS
RONW
Current Ratio
Quick Ratio
Interest Coverage Ratio
Retention Ratio
Bonus Adjustment
Adjusted EPS
2007/03
2006/03
385.41
382.87
0.00
0.00
6,458.39
5,127.81
2,022.04
822.76
1,987.10
2,114.08
10,852.94
8,447.52
8,775.80
7,971.55
4,894.54
4,401.51
3,855.31
3,543.65
1,997.22
1,923.41
10,852.94
8,447.52
2006
0.2774
143.94
0.53
4.00
9.38
12.32
0.84
0.52
3.82
0.5192
1
9.38
13.00
39.94
24.17
1.24
0.96
8.08
0.9986
1
39.94
8.00
22.96
22.98
0,72
0.47
8.69
0.7599
1
22.96
12.50
34.19
30.12
0.99
0.76
10.24
0.8776
1
34.19
2007
0.2796
177.59
0.58
12.67
15.00
49.65
24.67
1.24
0.91
7.62
1.0525
1
49.65
Price Chart:
Babasabpatilfreepptmba.com
Page 61
Babasabpatilfreepptmba.com
Page 62
TECHNICAL ANALYSIS
CHAPTER: 9
Babasabpatilfreepptmba.com
Page 63
Closing
Price
749.25
756.45
745.95
755.9
789.45
786.15
781.95
758.95
771.95
778
762.1
764.25
771.9
778.6
766.9
796
791
797.5
795.9
806.1
814.35
807.45
804.95
800.75
802.3
794.9
795.5
803.7
806.55
802.55
816.8
810.1
821
Closing
Price
Gain
7.2
9.95
33.55
13
6.05
2.15
7.65
6.7
29.1
6.5
10.2
8.25
1.55
0.6
8.2
2.85
14.25
10.9
Loss
10.5
3.3
4.2
23
15.9
11.7
5
1.6
6.9
2.5
4.2
7.4
4
6.7
-
Avg.Gain
Avg.Loss
RS
RSI
10.78125
10.78125
13.51875
13.51875
13.0875
10.16429
10.16875
9.955556
9.955556
9.575
10.07857
9.0125
9.992857
8.985714
9.2
8.40625
5.45
6.55
6.557143
7.1
11.38
11.43333
11.43333
10.51667
10.51667
9.242857
10.23333
11.44
8.22
7.266667
6.828571
5.316667
5.614286
5.614286
5.614286
4.6
4.514286
4.433333
4.757143
5.283333
0.947386
0.942966
1.182398
1.28546
1.244453
1.099691
0.993689
0.870241
1.211138
1.317661
1.475941
1.695141
1.779898
1.600509
1.638677
1.827446
1.207278
1.477444
1.378378
1.343849
48.64911
48.53231
54.17884
56.24512
55.44572
52.37394
49.84172
46.53095
54.77442
56.85304
59.61132
62.89619
64.02746
61.54599
62.10222
64.63239
54.69534
59.63581
57.95455
57.33513
Gain
Loss
Avg.Gain
Avg.Loss
RS
RSI
Babasabpatilfreepptmba.com
Page 64
830.6
815.2
810.4
810.3
825.95
819.95
804.6
817.1
811.25
806.55
799.8
776.6
760.95
737.55
733.35
719.65
721.2
729.15
740.1
742.85
751.45
767.9
759.05
761.35
753.3
757.3
751.3
748.7
744.15
770.6
783.5
791.4
805.05
797
795.7
813.75
806.3
828.35
831.3
827.65
824.85
820.65
827.05
Closing
Price
9.6
15.65
12.5
1.55
7.95
10.95
2.75
8.6
16.45
2.3
4
26.45
12.9
7.9
13.65
18.05
22.05
2.95
6.4
Gain
Babasabpatilfreepptmba.com
15.4
4.8
0.1
6
15.35
5.85
4.7
6.75
23.2
15.65
23.4
4.2
13.7
8.85
8.05
6
2.6
4.55
8.05
1.3
7.45
3.65
2.8
4.2
-
7.025
6.85
6.85
6.85
7.95
8.864286
8.864286
10.56429
10.95833
12.58
12.58
12.1625
12.1625
12.58333
14.075
14.075
9.9
9.4125
8.2375
7.14
7.383333
8.041667
8.041667
7.221429
7.221429
6.81875
6.81875
6.81875
6.81875
9
10.26111
10.25556
10.55556
11.53125
11.95
12.17857
12.17857
15
13.49375
14.85
14.85
14.85
13.79375
5.283333
6.728571
6.428571
6.085714
6.4
6.342857
7.478571
7.478571
7.275
6.988889
7.294444
8.885
9.78
11.01818
10.45
10.30833
10.80909
11.88
11.88
12.53333
12.18125
12.18125
12.55625
13.67857
13.86429
12.30833
10.7
7.233333
7.291667
6.01
6.01
6.01
6.01
6.35
5.628571
5.628571
5.428571
5.428571
4.991667
4.8
4.342857
4.571429
4.575
1.329653
1.018047
1.065556
1.125587
1.242188
1.397523
1.185291
1.412607
1.5063
1.8
1.7246
1.36888
1.243609
1.142052
1.34689
1.3654
0.915896
0.792298
0.693392
0.569681
0.606123
0.660168
0.640451
0.527937
0.520866
0.553995
0.637266
0.942684
0.935143
1.497504
1.70734
1.706415
1.756332
1.815945
2.123096
2.163706
2.243421
2.763158
2.703255
3.09375
3.419408
3.248438
3.015027
57.07515
50.44713
51.58687
52.95417
55.4007
58.29028
54.23951
58.55107
60.10055
64.28571
63.29737
57.78596
55.42896
53.31579
57.39042
57.72386
47.80509
44.20571
40.94694
36.29278
37.73826
39.76512
39.04117
34.55229
34.24797
35.64971
38.92258
48.52483
48.32423
59.96003
63.06337
63.05075
63.7199
64.48794
67.9805
68.3915
69.16836
73.42657
72.99673
75.57252
77.37253
76.46193
75.09357
Loss
Avg.Gain
Avg.Loss
RS
RSI
Page 65
826.9
830.05
819.55
809.9
839.4
830.25
845.85
844.55
821.2
832.3
850.65
824.9
824.85
836.6
826.85
809.55
832.7
823.55
793.45
778.65
783.75
767.5
765.8
775.95
790.05
833.45
832.5
833.55
836.75
867.7
881.65
893.3
873.75
880.65
873.3
874.6
861.15
859.55
891.7
866.75
874.95
875.4
923.85
Closing
Price
3.15
29.5
15.6
11.1
18.35
11.75
23.15
5.1
10.15
14.1
43.4
1.05
3.2
30.95
13.95
11.65
6.9
1.3
32.15
8.2
0.45
48.45
0.15
10.5
9.65
9.15
1.3
23.35
25.75
0.05
9.75
17.3
9.15
30.1
14.8
16.25
1.7
0.95
19.55
7.35
13.45
1.6
24.95
-
11.98571
10.59286
11.04167
10.52
13.68333
13.68333
13.275
13.275
11.52
13.15
14.01667
14.01667
14.01667
14.90833
14.90833
17.26
18.24167
18.24167
15.99
15.99
13.89
13.89
13.89
13.7
12.85
17.94167
17.94167
16.15833
14.30714
16.3875
15.2375
14.83889
14.83889
14.045
15.03889
13.665
13.665
14.05556
16.06111
12.64375
12.15
12.08333
17.11111
3.942857
3.942857
4.7625
5.305556
4.9625
5.94375
5.94375
5.175
7.194444
7.194444
7.6375
10.50625
9.9875
9.9875
11.1875
11.86667
12.0375
11.975
13.98889
14.61667
14.61667
16.27778
13.87222
13.87222
13.87222
12.3875
12.5
12.5
12.89286
12.15833
12.15833
12.76
10.65
9.6125
9.16
7.3875
10.325
8.58
8.58
11.30833
13.38
13.38
13.38
3.039855
2.686594
2.31846
1.982827
2.757347
2.302138
2.233438
2.565217
1.601236
1.827799
1.835243
1.334127
1.403421
1.492699
1.332588
1.454494
1.515403
1.523312
1.14305
1.093957
0.950285
0.853311
1.001282
0.987585
0.926312
1.448369
1.435333
1.292667
1.109695
1.347841
1.253256
1.162922
1.393323
1.461118
1.6418
1.849746
1.323487
1.638177
1.871924
1.118091
0.908072
0.903089
1.278857
75.24664
72.87469
69.86554
66.47476
73.38547
69.71659
69.07317
71.95122
61.55673
64.63681
64.72965
57.15742
58.39264
59.88285
57.12917
59.25841
60.24494
60.36955
53.33753
52.24352
48.72544
46.0425
50.03202
49.68769
48.08732
59.15648
58.93786
56.38267
52.59979
57.40768
55.61977
53.76625
58.21709
59.36807
62.14702
64.90916
56.96123
62.09503
65.18014
52.78768
47.59107
47.45386
56.11836
Gain
Loss
Avg.Gain
Avg.Loss
RS
RSI
Babasabpatilfreepptmba.com
Page 66
910.15
931.4
980.75
991.15
961.95
980.15
998.75
990.15
1019.25
1042.25
1034.85
1025.25
1105.05
1101.05
1119.35
1096.75
1160.7
1184.7
1174
1139.35
1076.6
1060.15
1102.9
1118.45
1164.2
1182.2
1189.85
1087.4
1073.85
1006.55
1021.2
994.65
972
999.35
994.5
990.05
995.5
1003.05
1038.25
1037.15
1046.95
1053.8
1007
Closing
Price
21.25
49.35
10.4
18.2
18.6
29.1
23
79.8
18.3
63.95
24
42.75
15.55
45.75
18
7.65
14.65
27.35
5.45
7.55
35.2
9.8
6.85
-
13.7
29.2
8.6
7.4
9.6
4
22.6
10.7
34.65
62.75
16.45
102.45
13.55
67.3
26.55
22.65
4.85
4.45
1.1
46.8
15.38125
16.29375
21.00625
19.82778
21.44375
21.08333
23.00556
23.00556
23.615
22.7
22.7
24.31111
33.12778
31.2125
29.77778
30.84375
32.66875
34.36875
34.36875
36.67857
39.69167
39.69167
41.96667
40.725
41.44286
38.5125
29.49375
29.49375
31.09286
31.09286
24.05
24.05833
24.05833
24.52857
24.52857
24.52857
19.2
18.05714
16.55
16.30833
16.66667
15.26429
15.26429
13.43333
13.43333
13.43333
12.21
15.04167
16.58
16.58
15.61
19.1125
19.1125
14.725
13.7
13.7
12.08333
11.76
13.56667
13.56667
13.56667
10.48333
13.93571
20.0375
21.01875
21.01875
21.01875
22.96429
25.19167
25.19167
41.6
37.59286
43.97857
43.97857
41.8
43.29375
44.52857
36.25714
34.54286
34.54286
34.54286
34.54286
30.3625
30.3625
20.06429
24.81429
1.145006
1.212934
1.563741
1.623897
1.425623
1.271612
1.387549
1.47377
1.235579
1.187704
1.541596
1.774534
2.418086
2.583103
2.532124
2.273495
2.408016
2.533323
3.278418
2.631984
1.980869
1.888393
1.99663
1.937556
1.804666
1.528779
1.170774
0.708984
0.827095
0.707
0.546857
0.575558
0.5557
0.55085
0.676517
0.710091
0.555831
0.522746
0.479115
0.537121
0.548923
0.760769
0.615141
53.38009
54.81113
60.9945
61.88874
58.77348
55.97841
58.11604
59.57588
55.26885
54.28999
60.65464
63.95791
70.74386
72.09123
71.68842
69.45161
70.65741
71.69803
76.62688
72.46684
66.45274
65.37868
66.62918
65.95809
64.34513
60.45523
53.93348
41.48571
45.2683
41.4177
35.35279
36.53043
35.72025
35.51924
40.35253
41.52358
35.72568
34.32917
32.392
34.94331
35.439
43.20663
38.0859
Gain
Loss
Avg.Gain
Avg.Loss
RS
RSI
Babasabpatilfreepptmba.com
Page 67
954.25
965.25
947.45
951.7
937.45
967.5
990.1
1014.15
1032.85
1027.95
1034.4
1040.8
1041.45
1045.65
1077.6
1073.3
1037
1042.35
1012.8
1018
998
993.6
990.25
993.1
995.2
986.6
994.5
991.55
997.05
973.2
964.15
963.75
939.8
924.75
909.2
899.7
863.45
871.35
847.7
864.8
842
803.2
807.05
Closing
Price
11
4.25
30.05
22.6
24.05
18.7
6.45
6.4
0.65
4.2
31.95
5.35
5.2
2.85
2.1
7.9
5.5
7.9
17.1
3.85
52.75
17.8
14.25
4.9
4.3
36.3
29.55
20
4.4
3.35
8.6
2.95
23.85
9.05
0.4
23.95
15.05
15.55
9.5
36.25
23.65
22.8
38.8
-
15.26429
14.74286
14.74286
13.43125
11.44286
13.76875
14.75
16.81667
18.05556
15.9125
14.86111
14.48333
13.79444
12.835
14.57273
14.93
14.93
15.04
15.04
12.555
11.43889
9.8625
8.6
7.88125
7.3375
7.471429
8.507143
9.225
4.816667
4.816667
4.816667
4.71
4.71
4.5875
4.5875
4.5875
4.5875
5.85
7.1
9.6
10.16667
10.16667
9.616667
22.73571
22.73571
21.48571
21.29167
20.28571
22.85833
26.54
26.54
26.54
22.93333
27.3
27.3
27.3
22.425
12.31667
10.3125
14.9375
14.9375
18.7625
18.7625
19.01
16.575
14.68571
16.31667
16.31667
15.21429
15.21429
13.68125
13.68125
16.125
12.71875
11.35
10.72778
11.16
10.715
11.225
14.515
14.515
15.34545
16.02
16.63636
19.89545
19.89545
0.671379
0.648445
0.68617
0.630822
0.564085
0.602351
0.555765
0.633635
0.680315
0.693859
0.544363
0.530525
0.505291
0.572352
1.183171
1.447758
0.999498
1.006862
0.801599
0.669154
0.60173
0.595023
0.585603
0.483018
0.449694
0.49108
0.559155
0.67428
0.352063
0.298708
0.378706
0.414978
0.439047
0.411066
0.428138
0.408686
0.316052
0.403031
0.462678
0.599251
0.611111
0.511004
0.48336
40.16917
39.33676
40.69401
38.68123
36.06484
37.59172
35.72294
38.78681
40.48734
40.96321
35.24839
34.66294
33.56766
36.40102
54.19508
59.14628
49.98744
50.17096
44.49375
40.08941
37.56751
37.30496
36.93252
32.56995
31.0199
32.93451
35.86269
40.27285
26.03897
23.0004
27.46822
29.32752
30.50957
29.13161
29.97876
29.01186
24.01518
28.72575
31.63224
37.47073
37.93103
33.81886
32.58548
Gain
Loss
Avg.Gain
Avg.Loss
RS
RSI
Babasabpatilfreepptmba.com
Page 68
826.15
788.75
833.7
864.7
863
844.9
850.2
905.75
897.35
872.6
832.25
800
805.75
813.35
807.7
817.25
829.2
812.45
806.2
809.4
769.7
763.15
766.35
800.55
813.3
832.9
837.15
868.2
872.65
904.55
940.2
927.85
895.05
866.65
857.4
840.35
832.7
806.55
813.35
822.45
810.2
843.85
845.6
Closing
Price
19.1
44.95
31
5.3
55.55
5.75
7.6
9.55
11.95
3.2
3.2
34.2
12.75
19.6
4.25
31.05
4.45
31.9
35.65
6.8
9.1
33.65
1.75
37.4
1.7
18.1
8.4
24.75
40.35
32.25
5.65
16.75
6.25
39.7
6.55
12.35
32.8
28.4
9.25
17.05
7.65
26.15
12.25
-
11.9875
11.9875
18.58
20.65
20.65
20.65
18.45714
23.09375
25.26429
25.26429
26.625
26.625
23.64286
24.17857
25.025
22.81429
18.1
15.95
15.95
14.12857
15.6
7.61
6.875
10.77857
11.025
11.97778
11.81111
14.41667
13.42
15.655
18.025
18.025
18.025
19.67222
19.67222
19.67222
21.73125
19.95
19.1
17.6
19.825
20.25833
19.80833
19.5
22.335
24.77222
24.875
23.20625
23.525
25.52857
23.74167
21.55
21.70714
24.0375
25.21875
23.27857
23.27857
21.075
18.74286
18.74286
18.49375
19.0625
19.2
21.7625
20.07222
21.53125
21.07143
17.85833
14.98
14.98
14.98
17.3125
17.3125
17.3125
16.2125
22.85
23.96
17.87
19.97
17.91667
19.09286
19.09286
19.09286
18.2375
18.2375
18.2375
0.614744
0.536714
0.750034
0.830151
0.889846
0.87779
0.722999
0.97271
1.172357
1.16387
1.107644
1.055762
1.015649
1.038662
1.187426
1.217226
0.965701
0.862454
0.836721
0.735863
0.716829
0.379131
0.319303
0.511525
0.617359
0.799585
0.788459
0.962394
0.775162
0.90426
1.041155
1.111796
0.78884
0.821044
1.100852
0.985089
1.212907
1.044893
1.000374
0.921811
1.087046
1.110806
1.086132
38.07066
34.92607
42.85824
45.35969
47.08565
46.7459
41.96168
49.3083
53.96704
53.7865
52.55366
51.35624
50.38819
50.94822
54.28416
54.89859
49.12757
46.30739
45.55516
42.39177
41.75309
27.49057
24.20242
33.84167
38.1708
44.43162
44.08593
49.04184
43.66713
47.48616
51.00814
52.64695
44.09786
45.08645
52.40026
49.62442
54.81057
51.09769
50.00935
47.96574
52.08539
52.62474
52.0644
Gain
Loss
Avg.Gain
Avg.Loss
RS
RSI
Babasabpatilfreepptmba.com
Page 69
838.3
837.8
827
Average
15.662
7.3
0.5
10.8
15.04
17.39
12.825
12.825
17.02222
15.37
15.215
1.021606 50.53437
0.834418 45.48679
0.842918 45.73823
Page 70
Closing
Price
670.9
681.4
682.8
686.1
703.7
721.55
722.8
712.4
726.3
750.25
730.6
722.5
713.1
722.9
718.15
741.6
759.05
766.6
749.35
751.75
733.1
731.5
728.3
725.1
723.25
714.85
716.1
715.2
714.35
734.65
750.6
741.8
725.45
726.95
708
712.7
726.95
732.75
Closing
Price
Gain
10.5
1.4
3.3
17.6
17.85
1.25
13.9
23.95
9.8
23.45
17.45
7.55
2.4
1.25
20.3
15.95
1.5
4.7
14.25
5.8
Loss
10.4
19.65
8.1
9.4
4.75
17.25
18.65
1.6
3.2
3.2
1.85
8.4
0.9
0.85
8.8
16.35
18.95
-
Avg.Gain
Avg.Loss
RS
RSI
11.06111
11.06111
12.5
14.28333
14.75556
14.4
12.46875
14.07143
14.07143
14.1
12.13
12.13
12.13
10.31667
10.42
10.42
9.79
9.49
9.975
9.975
9.75
9.75
8.74
9.658333
9.107143
11.8875
10.46
10.46
10.46
10.46
11.59167
11.59167
12.6
11.34286
10.325
9.533333
7.555556
7.588889
7.3625
6.644444
6.211111
6.211111
6.211111
6.47
6.38
6.38
6.41
6.944444
7.4125
8.014286
0.930483
1.057468
1.195029
1.365519
1.410665
1.242272
1.075665
1.11678
1.240554
1.365617
1.272378
1.605441
1.598389
1.401245
1.568227
1.677639
1.576208
1.527907
1.541731
1.56348
1.528213
1.521061
1.25856
1.302979
1.136364
48.19948
51.39656
54.44251
57.72599
58.51767
55.40237
51.82267
52.75844
55.36818
57.72774
55.99323
61.61878
61.51462
58.35494
61.06264
62.65366
61.18325
60.44158
60.65673
60.99052
60.44637
60.33416
55.724
56.57798
53.19149
Gain
Loss
Avg.Gain
Avg.Loss
RS
RSI
Babasabpatilfreepptmba.com
Page 71
740.85
742.1
755.7
747.95
710.85
710.5
688
677.85
652.2
653.2
641.2
645.2
642.25
650.4
644.95
663.5
686.4
687.5
684.3
678.15
684.6
671.7
664.4
670.2
682.2
685.85
701.35
709.55
711.2
716.3
743.25
736.1
739.85
767.05
759.5
748.8
743.35
776.75
767.6
766.6
747.1
726
731.85
Closing
Price
8.1
1.25
13.6
1
4
8.15
18.55
22.9
1.1
6.45
5.8
12
3.65
15.5
8.2
1.65
5.1
26.95
3.75
27.2
33.4
5.85
7.75
37.1
0.35
22.5
10.15
25.65
12
2.95
5.45
3.2
6.15
12.9
7.3
7.15
7.55
10.7
5.45
9.15
1
19.5
21.1
-
8.98125
8.122222
9.494444
9.494444
9.494444
8.14375
7.028571
7.028571
7.028571
6.957143
6.957143
6.857143
5.625
6.016667
5.6
9.06
10.92
9.283333
9.283333
9.283333
8.878571
8.878571
8.878571
9.564286
9.86875
9.825
10.45556
10.46111
9.58
8.235
8.64
9.477778
8.905
10.56818
10.98
10.98
10.98
13.74
13.93333
15.21875
15.17857
16.34167
17.04167
9.041667
9.17
9.17
10.54
17.79
14.88333
15.97143
16.16429
17.49286
17.49286
16.5
16.5
14.80625
14.80625
13.76667
13.76667
13.76667
14.51875
10.28125
11.00625
9.364286
9.757143
7.135714
7.135714
6.325
6.325
7
7
7.3875
7.3875
7.3875
7.34
8.375
9.116667
8.725
8.175
7.7125
7.7125
8
6.833333
8.642857
10.2
10.2
0.993318
0.885739
1.035381
0.900801
0.533696
0.547172
0.440072
0.434821
0.401797
0.397713
0.421645
0.415584
0.379907
0.40636
0.40678
0.658111
0.79322
0.639403
0.902938
0.84346
0.948131
0.909956
1.244244
1.34034
1.560277
1.55336
1.493651
1.494444
1.296785
1.114721
1.169543
1.29125
1.063284
1.159216
1.258453
1.343119
1.423663
1.781524
1.741667
2.227134
1.756198
1.602124
1.670752
49.83239
46.97038
50.86915
47.39061
34.79801
35.36596
30.55901
30.3049
28.66298
28.45457
29.65895
29.3578
27.53136
28.89445
28.91566
39.69042
44.2344
39.00219
47.44969
45.75418
48.66875
47.64278
55.44157
57.27117
60.94172
60.83591
59.89815
59.91091
56.46088
52.71243
53.90735
56.35571
51.53356
53.68688
55.7219
57.32185
58.74014
64.04848
63.52584
69.01275
63.71814
61.56986
62.55736
Gain
Loss
Avg.Gain
Avg.Loss
RS
RSI
Babasabpatilfreepptmba.com
Page 72
699.15
707.25
699.4
667.4
651.8
656.35
648.8
657.7
658.95
663.55
669.4
692.55
691.15
660.5
641.15
649.85
634.15
619.5
620.8
656.6
675.4
663.05
674.15
680.75
701.75
702.85
691.35
698.85
712.05
695.15
702.7
689.15
684.75
695
693.75
694.75
696.1
720.4
731.25
741
747.2
740.9
739.9
Closing
Price
8.1
4.55
8.9
1.25
4.6
5.85
23.15
8.7
1.3
35.8
18.8
11.1
6.6
21
1.1
7.5
13.2
7.55
10.25
1
1.35
24.3
10.85
9.75
6.2
-
32.7
7.85
32
15.6
7.55
1.4
30.65
19.35
15.7
14.65
12.35
11.5
16.9
13.55
4.4
1.25
6.3
1
19.43
15.66
15.66
18.6375
15.78333
12.975
12.975
12.16
5.73
5.541667
5.585714
7.78125
7.78125
8.057143
8.057143
8.142857
8.142857
8.142857
7.2875
11.19375
12.03889
12.43125
13.6625
13.9125
15.80625
13.05
13.05
12.43333
12.51
12.93333
12.395
12.395
13.62778
10.78889
9.7875
8.811111
7.727778
9.694444
8.566667
9.527778
9.195
9.383333
8.90625
12.7
12.7
12.77778
14.7
14.78182
15.505
15.19
16.27222
16.27222
17.1625
19.47143
19.46667
16.18333
18.25
16.34286
16.34286
17.46429
14.98571
14.88333
14.88333
16.35
15.68333
15.68333
15.68333
15.68333
15.68333
17.36667
14.71
13.55
14.22
13.85
13.575
11.74
11.74
9.991667
9.52
9.52
9.52
9.52
9.52
9.025
8.48
7.233333
1.529921
1.233071
1.225565
1.267857
1.067753
0.836827
0.85418
0.747286
0.352134
0.322894
0.286867
0.399722
0.480819
0.441487
0.493007
0.498252
0.466258
0.543375
0.489642
0.7521
0.736323
0.792641
0.871148
0.887088
1.007837
0.832094
0.75144
0.84523
0.923247
0.909517
0.894946
0.913076
1.160799
0.918985
0.979566
0.925537
0.811741
1.018324
0.89986
1.000817
1.018837
1.106525
1.231279
60.47308
55.21862
55.06759
55.90551
51.63833
45.55829
46.06781
42.76838
26.04282
24.40815
22.2919
28.55723
32.46979
30.62721
33.02108
33.25554
31.79916
35.20692
32.86976
42.92562
42.40705
44.21638
46.55686
47.00831
50.19517
45.41763
42.90411
45.80621
48.0046
47.63074
47.22804
47.72815
53.72082
47.88913
49.48388
48.06643
44.80448
50.45394
47.36454
50.02042
50.46652
52.52846
55.18265
Gain
Loss
Avg.Gain
Avg.Loss
RS
RSI
Babasabpatilfreepptmba.com
Page 73
751.3
776.9
773.3
788.1
799.45
779.05
764.35
796.15
806.7
830.55
803.35
818.3
820.8
806.95
791.35
785.15
772.9
795.6
774.6
800.6
804.8
807.25
767.75
757.85
746.95
754.8
740.15
719.45
720.3
707.55
694.8
684.35
693.3
707.65
698.95
697.1
703.1
708.45
691.3
694.5
714.35
711.75
719.75
Closing
Price
11.4
25.6
14.8
11.35
31.8
10.55
23.85
14.95
2.5
22.7
26
4.2
2.45
7.85
0.85
8.95
14.35
6
5.35
3.2
19.85
8
3.6
20.4
14.7
27.2
13.85
15.6
6.2
12.25
21
39.5
9.9
10.9
14.65
20.7
12.75
12.75
10.45
8.7
1.85
17.15
2.6
-
9.183333
11.18889
11.18889
11.55
11.66
11.66
12.84444
16.22778
14.7
16.14444
16.94375
18.0375
16.31111
16.31111
16.925
15.68571
15.68571
16.81429
17.725
18.90714
17.06875
13.4
13.80714
12.13333
12.13333
10.95
12.64
12.64
10.675
10.675
10.675
8.27
8.383333
6.441667
6.89
8
7.6
7.225
7.225
6.45
8.364286
8.364286
9.385714
5.3
5.3
3.31
3.0375
3.0375
7.825
9.2
9.2
9.2
9.2
12.2
12.2
13.38
15.95
15.89167
14.50714
15.74286
15.74286
16.4
15.82857
16.01667
16.01667
19.37143
18.1875
16.15
16.15
15.98333
16.74444
16.8875
17.70625
17.76875
16.95556
16.45
16.45
15.58889
14.215
11.40556
11.59375
12.375
12.375
12.05
9.464286
9.464286
1.732704
2.111111
3.380329
3.802469
3.838683
1.490096
1.396135
1.763889
1.597826
1.754831
1.388832
1.478484
1.219067
1.02264
1.065024
1.081241
0.99637
1.068058
1.080793
1.194495
1.065687
0.836629
0.712758
0.667125
0.75129
0.678019
0.790824
0.754877
0.632124
0.602894
0.600774
0.487746
0.509625
0.391591
0.441981
0.562786
0.666342
0.623181
0.583838
0.521212
0.694132
0.883774
0.991698
63.40621
67.85714
77.17066
79.17738
79.33322
59.8409
58.26613
63.8191
61.50628
63.70013
58.13854
59.65275
54.93601
50.55967
51.5744
51.95174
49.90909
51.64546
51.94139
54.43142
51.58995
45.55241
41.61464
40.01649
42.89923
40.4059
44.15978
43.01596
38.73016
37.61286
37.53021
32.78421
33.75839
28.13979
30.65098
36.0117
39.98831
38.39256
36.86224
34.26295
40.97271
46.91506
49.79159
Gain
Loss
Avg.Gain
Avg.Loss
RS
RSI
Babasabpatilfreepptmba.com
Page 74
721.25
718.2
732.45
736.15
741.3
772.4
775.45
767.3
766.45
775.2
770.05
763.15
744.85
701.75
702.2
690.7
710.15
730.4
752.1
736.75
729.35
741.9
762.35
793.55
791.6
781.65
785.4
774.9
770.2
749.2
763.1
765.6
769
749.95
736.65
714.3
653.65
650.9
658.85
658.55
710.45
712.75
715.8
Closing
Price
1.5
14.25
3.7
5.15
31.1
3.05
8.75
0.45
19.45
20.25
21.7
12.55
20.45
31.2
3.75
13.9
2.5
3.4
7.95
51.9
2.3
3.05
3.05
8.15
0.85
5.15
6.9
18.3
43.1
11.5
15.35
7.4
1.95
9.95
10.5
4.7
21
19.05
13.3
22.35
60.65
2.75
0.3
-
8.4
8.4
9.05
8.466667
7.444444
9.81
9.195455
9.515
9.977778
9.855
10.59444
9.4375
9.4375
9.642857
9.492857
9.492857
10.23571
12.6
14.96429
12.275
14.12
13.85833
14.8
18.00714
18.00714
18.00714
16.225
16.225
18.47857
18.47857
17.68571
15.15
12.53571
12.53571
12.53571
12.53333
10.95
5.8875
6.3
6.3
15.93
13.65833
12.14286
8.916667
7.3
6.67
6.67
6.67
6.1625
7.6
7.7375
6.36
3.6625
3.96
4.45
7.066667
12.21429
12.21429
13.42143
13.42143
13.42143
13.42143
13.6625
12.96667
13.56875
15.38571
15.38571
14.92857
15.36429
14.875
9.441667
8.764286
10.12143
10.12143
10.12143
10.12143
10.65
11.49286
12.85
18.16111
16.62
18.25
17.17778
17.17778
18.0125
19.91429
0.942056
1.150685
1.356822
1.269365
1.116109
1.591886
1.209928
1.229725
1.568833
2.690785
2.675365
2.120787
1.335495
0.789474
0.777193
0.707291
0.76264
0.938797
1.114955
0.898445
1.088946
1.021342
0.961931
1.170381
1.20622
1.172013
1.090756
1.718447
2.108394
1.825688
1.747354
1.496824
1.238532
1.177062
1.09074
0.975357
0.602937
0.354242
0.345205
0.366753
0.927361
0.75827
0.609756
48.50818
53.50318
57.56997
55.93482
52.74345
61.41806
54.74966
55.15143
61.07182
72.90549
72.79182
67.9568
57.18253
44.11765
43.73149
41.42768
43.26691
48.42163
52.71766
47.3253
52.12897
50.52791
49.02982
53.92513
54.67361
53.95976
52.17042
63.21429
67.82905
64.61039
63.60134
59.94912
55.32787
54.06654
52.17004
49.37623
37.6145
26.15795
25.66191
26.83389
48.11558
43.1259
37.87879
Gain
Loss
Avg.Gain
Avg.Loss
RS
RSI
Babasabpatilfreepptmba.com
Page 75
696.95
699.45
753.5
770
754
735.95
715.1
710.95
700.85
693.9
714.8
733.15
751.85
732.7
739.65
710.3
708.05
696.05
705.85
704.15
707.85
709.8
700.35
695.1
702.2
704.35
671.8
674.8
653.3
645.1
621.35
637.65
609.4
619.45
650.65
663.2
680.1
678.75
655.35
646.05
622.7
Average
2.5
54.05
16.5
20.9
18.35
18.7
6.95
9.8
3.7
1.95
7.1
2.15
3
16.3
10.05
31.2
12.55
16.9
11.72519
18.85
16
18.05
20.85
4.15
10.1
6.95
19.15
29.35
2.25
12
1.7
9.45
5.25
32.55
21.5
8.2
23.75
28.25
1.35
23.4
9.3
23.35
12.89876
12.14286
10.51429
17.87857
19.75
19.75
19.75
19.75
19.75
19.75
21.71667
21.6
16.80714
19.15
21.83333
19.70714
22.575
16.28
16.225
14.94
14.94
13.06667
11.47857
11.47857
11.47857
9.507143
7.192857
5.275
4.95
4.616667
4.616667
4.616667
6.285714
5.7
6.321429
10.25
11.76429
12.40625
12.40625
13.16429
15
15
19.60714
19.60714
19.60714
19.60714
19.17143
19.85
19.63571
11.56429
12.61429
11.90625
13.56429
13.56429
13.56429
14.2625
13.60714
15.575
14.09444
13.885
13.65
11.83333
10.70625
11.64286
11.55
11.30714
11.30714
11.30714
13.9625
13.22143
14.25625
11.6125
14.3
14.62857
16.33125
18.42143
18.42143
18.42143
19.91667
19.26667
19.85714
18.5375
17.3875
0.619308
0.536248
0.91184
1.007286
1.030179
0.994962
1.00582
1.707844
1.565685
1.823972
1.592417
1.239073
1.411796
1.530821
1.448294
1.449438
1.155065
1.168527
1.094505
1.262535
1.220471
0.98589
0.993816
1.015161
0.840809
0.636134
0.377798
0.374392
0.323835
0.39756
0.322844
0.429688
0.349024
0.343156
0.556417
0.63862
0.622908
0.643923
0.66295
0.809171
0.862689
38.24522
34.90633
47.69436
50.18149
50.74326
49.87374
50.14509
63.07026
61.02406
64.58888
61.42596
55.33866
58.53712
60.48713
59.15523
59.17431
53.59769
53.88575
52.25603
55.80179
54.96451
49.64473
49.84491
50.37618
45.67605
38.88031
27.4204
27.24057
24.46186
28.44673
24.40529
30.05464
25.87234
25.5485
35.74988
38.97302
38.38221
39.1699
39.86589
44.72605
46.31416
Page 76
Page 77
Open
Price
795
745
765
746
754
790
790
770
760
777.1
781.15
765
764
778.1
798.7
770
800
840
794.2
798.5
817.5
821
820
811
801
848.7
795
820
801.1
807
803
815
810.1
823
Open
Price
840
High Price
Low Price
795
765.8
768
763.9
795.9
801
790
778
777
786
784.5
774.35
780
791.8
798.7
810
815
840
810
808.75
824.6
822
824
814.9
814.45
848.7
806.5
820
808.9
810
820
825
825
844
741.35
745
743.55
741
754
785
777.35
750.55
755
775.1
760.15
761.25
746
772
764
762
783
785.55
789.25
783
811
803
801.1
782.5
791.1
790.1
751.25
800.1
791
792.2
803
799
800.25
796
High Price
Low Price
840
811.25
Babasabpatilfreepptmba.com
Close
Price
749.25
756.45
745.95
755.9
789.45
786.15
781.95
758.95
771.95
778
762.1
764.25
771.9
778.6
766.9
796
791
797.5
795.9
806.1
814.35
807.45
804.95
800.75
802.3
794.9
795.5
803.7
806.55
802.55
816.8
810.1
821
830.6
Close
Price
815.2
10 days moving
average
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
767.4
768.685
769.465
772.06
774.33
772.075
773.06
773.965
777.82
780.215
783.025
788.25
792.57
795.875
798.09
801.63
801.52
801.97
802.59
803.655
803.3
803.545
803.81
805.415
808.4
10 days moving
average
809.69
Page 78
805.55
805
819.4
826.5
825
808
820
876
839.8
823.75
774
751.55
740.1
735
721
729
734.9
741
742.05
751.45
771
753.1
769
749
760
748
758
745
777
790
792.05
760.3
802
795.7
810
806.3
830
833
829.85
824.9
824
834.4
821
831
819.55
812
Open
Price
835
818
819.5
831.7
833
826
820
829.95
876
839.8
823.75
784
758
748.8
739.9
734
733
747
749.9
753.9
772.4
772
763.75
769
759.9
760
758.9
758
786.6
785
799
810.1
808.9
805
819
814.8
830.75
839
843.5
841.1
826
830.4
845
839.3
837.8
826.8
857.35
805.55
795
812
815.1
802
805
808.15
804
796
772.65
740.3
731
728.1
717
715.05
724.7
729.25
738.15
735.5
751.45
756
750
751
747.15
746.1
738.95
740.1
745
772
776.25
792
760.3
790
786.15
795.2
804
824
820.3
818
808.2
812.35
821
815.1
815.25
808
810
High Price
Low Price
845
808
Babasabpatilfreepptmba.com
810.4
810.3
825.95
819.95
804.6
817.1
811.25
806.55
799.8
776.6
760.95
737.55
733.35
719.65
721.2
729.15
740.1
742.85
751.45
767.9
759.05
761.35
753.3
757.3
751.3
748.7
744.15
770.6
783.5
791.4
805.05
797
795.7
813.75
806.3
828.35
831.3
827.65
824.85
820.65
827.05
826.9
830.05
819.55
809.9
839.4
Close
Price
830.25
811.24
812.72
814.945
816.285
816.49
816.52
816.635
815.19
812.11
808.25
803.305
796.03
786.77
776.74
768.4
759.605
752.49
746.12
741.285
740.415
740.225
742.605
744.6
748.365
751.375
753.33
753.735
756.51
759.715
762.065
766.665
770.23
774.47
780.115
785.615
793.58
802.295
808
812.135
815.06
817.26
820.25
823.685
824.265
824.625
825.73
10 days moving
average
825.625
Page 79
860
848
831.1
825.2
834
845
847
832
844
810
815
843
829.95
793.8
800
790
765
795
789
804
834
820
845
825
876.7
889.95
893.5
839.7
884.9
837
879
869.8
803.55
895
865
876
889
930
909
931.4
980
992
970.2
980.25
1008.8
985
Open
Price
1020
860
854.95
835
851
856
847
847
841
869
816
836.9
843
829.95
793.8
815.9
791
789
804.05
802.9
848
838
838
849.75
872.9
901
898.8
900
883
887.9
880.9
881.8
869.8
894
904.8
880.9
884
934
930
935.5
1001.2
1001
1000
984.8
1028
1010
1034.7
806.5
820
806.1
821
828.8
819.5
821
825.1
817
795.5
813.05
817.15
780
715
780.2
761
749
760.15
766.1
802.25
815.3
810.3
831
825
875.3
870
868.1
839.7
870
837
856
854.6
803.55
863.5
863.2
868
889
907.2
909
931.4
950.3
955
956.6
971.25
978.75
960.25
High Price
Low Price
1048
1011
Babasabpatilfreepptmba.com
845.85
844.55
821.2
832.3
850.65
824.9
824.85
836.6
826.85
809.55
832.7
823.55
793.45
778.65
783.75
767.5
765.8
775.95
790.05
833.45
832.5
833.55
836.75
867.7
881.65
893.3
873.75
880.65
873.3
874.6
861.15
859.55
891.7
866.75
874.95
875.4
923.85
910.15
931.4
980.75
991.15
961.95
980.15
998.75
990.15
1019.25
Close
Price
1042.25
827.445
829.415
829.47
829.995
832.37
831.855
832.385
835.055
833.8
831.73
830.415
828.315
825.54
820.175
813.485
807.745
801.84
795.775
792.095
794.485
794.465
795.465
799.795
808.7
818.49
831.07
841.865
852.335
860.66
864.775
867.64
870.24
875.735
875.64
874.97
873.18
878.19
881.14
886.95
897.565
910.565
920.805
929.65
942.85
954.37
968.755
10 days moving
average
980.595
Page 80
1045
1051
1023.8
1105
1107
1119.9
1095
1161
1075.55
1175
1160
1059.9
1061
1112
1110
1140.1
1194.4
1189.85
1090
1100
1000
1026.15
1010
995
990
1010
972
997.95
1010
1037.5
1020
1051
1048
1016
954.25
970
950.1
951.7
945.5
984.35
1000
1030
1020
1012
1040
1050
Open
Price
1059.9
1053.7
1051
1114.7
1135
1134.05
1119.9
1177.4
1190
1224
1210
1180
1094.9
1116.85
1139
1184.9
1199
1248
1203
1128.9
1100
1033
1036.5
1023.8
1011.9
1010
1010.4
1001
1020
1046
1065.5
1059.9
1065.4
1048
1016
986
986
974
954
974.8
1008.8
1024.95
1049
1035
1044
1064.8
1056
1020
1001.05
1010
1076
1084.25
1084
1095
1123.1
1075.55
1125
1048
1025
1061
1088
1090
1130
1175.55
1080
1045
997.05
969
970.3
962.8
960
961.25
980
957.05
981
1010
1025
1007
1051
995.7
945
940
938.05
948
930.25
945.05
975.05
996.4
1021.5
973.45
1012
1035
1004.3
High Price
Low Price
1059.9
1034.75
Babasabpatilfreepptmba.com
1034.85
1025.25
1105.05
1101.05
1119.35
1096.75
1160.7
1184.7
1174
1139.35
1076.6
1060.15
1102.9
1118.45
1164.2
1182.2
1189.85
1087.4
1073.85
1006.55
1021.2
994.65
972
999.35
994.5
990.05
995.5
1003.05
1038.25
1037.15
1046.95
1053.8
1007
954.25
965.25
947.45
951.7
937.45
967.5
990.1
1014.15
1032.85
1027.95
1034.4
1040.8
1041.45
Close
Price
1045.65
993.065
1002.45
1014.88
1025.87
1041.61
1053.27
1069.465
1088.92
1104.395
1114.105
1118.28
1121.77
1121.555
1123.295
1127.78
1136.325
1139.24
1129.51
1119.495
1106.215
1100.675
1094.125
1081.035
1069.125
1052.155
1032.94
1013.505
1005.07
1001.51
1004.57
1007.145
1013.06
1016.56
1012.05
1009.125
1004.865
1000.485
993.925
986.85
982.145
978.865
976.77
978.865
986.88
994.435
1003.835
10 days moving
average
1013.23
Page 81
1050
1080
1083
1045
1042
1000
1037.8
1005
1000
994.7
999
992
1000
1000
1005
999
975
952
965
944.9
931
927
899.7
873.95
868
855
860
824
780
835
850
823
775.05
870
870
843
833.15
920
912
855.1
845
802
805.75
815.4
812
821.1
Open
Price
825
1085
1098
1089.8
1048.95
1044
1042.7
1042
1028
1012.5
1007
1014.8
1010
1009.9
1000
1009.95
999
982.5
970
970
1055
941.75
927
909
881.35
868
894.9
865.55
834.5
840
859
850
845
874
881
870
864.8
918
923.9
920
860
845
814
850
827
824.95
845
1040
1058.05
1026.2
1021.1
1006.75
1000
980
981.1
982.3
988.7
992.25
978.5
985.1
986
978.6
969.95
959
952
936
912.5
905.05
888
840
852
827
842.15
835.1
755.05
700
785
761
794
775.05
816.3
833
825
826
891.2
869
827
790
780.1
775
796.25
802.15
820
High Price
Low Price
829
805
Babasabpatilfreepptmba.com
1077.6
1073.3
1037
1042.35
1012.8
1018
998
993.6
990.25
993.1
995.2
986.6
994.5
991.55
997.05
973.2
964.15
963.75
939.8
924.75
909.2
899.7
863.45
871.35
847.7
864.8
842
803.2
807.05
826.15
788.75
833.7
864.7
863
844.9
850.2
905.75
897.35
872.6
832.25
800
805.75
813.35
807.7
817.25
829.2
Close
Price
812.45
1027.245
1037.825
1042.515
1045.335
1043.33
1042.335
1038.695
1033.975
1028.855
1023.6
1015.36
1006.69
1002.44
997.36
995.785
991.305
987.92
984.935
979.89
973.055
964.455
955.765
942.66
930.64
915.705
904.865
892.65
876.595
863.32
853.46
841.415
834.815
834.94
834.105
833.825
832.365
838.74
848.155
854.71
855.32
856.445
853.65
848.515
842.985
840.22
838.12
10 days moving
average
828.79
Page 82
830
813
808
777
765
775
811.3
815
830
830
859.7
875
907
921.25
919
885
876
850
840
810
810
830
863.55
825
850
840.25
834.75
840
830
819
808
790
774.8
805.5
816
840
843
875
909
915
944.5
938.1
938
892
884.9
874.9
849.8
829.9
824.85
836.25
863.55
863.95
856
848.5
855
840
801
805.15
763
754.45
750.1
768.25
791
815
816.7
825
847.5
875
902
873.55
883
852
851.1
806
805
800
805.15
801.6
790
816
835.05
831
822
811
806.2
809.4
769.7
763.15
766.35
800.55
813.3
832.9
837.15
868.2
872.65
904.55
940.2
927.85
895.05
866.65
857.4
840.35
832.7
806.55
813.35
822.45
810.2
843.85
845.6
838.3
837.8
827
819.675
813.355
807.1
803.415
799.475
798.195
798.755
800.32
801.115
806.69
813.335
822.85
839.9
856.37
869.24
875.85
880.26
881.005
880.56
874.395
868.465
860.255
847.255
838.855
833.91
831.075
829.115
827.78
Chart:
Babasabpatilfreepptmba.com
Page 83
Interpretation:
Here, the Moving Average is almost equal to the Actual line. So it indicates that it
is a right time to buy the security. In this Graph, we can observe that moving Average of
Maruti Suzuki Ltd. Stock has been decreased. So, it is giving clear picture of future
movement of the scrip. This Graph provides a message to the investor that it is a right
time to buy the Stock of Maruti Suzuki Ltd. And, if we observe the trend of this graph
then we can also notice that Moving Average line has been decreased, so it is also a right
time to buy the stock.
Here, in this case, the Stock price of Maruti Suzuki Ltd. is just equal to its moving
average line. But if we see the trend of Moving Average then it indicates that investors
are becoming increasingly bullish from bearish pattern on the Stock Price of Maruti
Suzuki Ltd.
Page 84
Opening
Price
711
679.7
686.1
680
690
711.5
721.55
718.8
714.1
735
751
711.25
717
722
729.7
728.8
750.1
777
768.15
740.15
780
734
735
728.3
730
728.1
713
728.7
717.9
715
754.7
752
741
727
647.9
706.85
708
730
735
745.9
Opening
Price
744
High Price
Low Price
711
685.85
690.95
694.75
709.75
725.6
731
719
727.5
754.9
761.5
741
722.2
733.45
733.7
754
767.45
789.85
774.4
761
780
744.7
743
735
731.5
733.75
720.85
729.8
719.9
737.9
756.8
757
745
743.65
733.85
717
729
740.9
743.9
745.9
661.05
671
669.1
679.1
690
708.2
713.65
707.05
704
730
728
711.25
704.2
720.1
715
725.1
750.05
747.5
739
732
729.1
726
718.6
720.05
713
712
690
709.1
713
715
737
740
723
724.3
647.9
705.25
703.05
728.2
730.15
736
High Price
Low Price
764.4
742
Babasabpatilfreepptmba.com
Closing
Price
670.9
681.4
682.8
686.1
703.7
721.55
722.8
712.4
726.3
750.25
730.6
722.5
713.1
722.9
718.15
741.6
759.05
766.6
749.35
751.75
733.1
731.5
728.3
725.1
723.25
714.85
716.1
715.2
714.35
734.65
750.6
741.8
725.45
726.95
708
712.7
726.95
732.75
740.85
742.1
Closing
Price
755.7
10 days moving
average
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
#N/A
705.82
711.79
715.9
718.93
722.61
724.055
726.06
729.685
735.105
737.41
737.56
737.81
738.71
740.23
740.45
740.96
738.285
733.99
728.85
725.35
723.64
725.39
726.42
726.135
726.32
724.795
724.58
725.665
727.42
730.07
730.815
10 days moving
average
731.325
Page 85
753.35
745
714.8
705
676
677.85
676.1
575
645
665.15
647
658
644
666.15
695
682
685
678
683.5
673.7
666.05
669.5
684
693.9
700
709
711.05
720
742
736.1
749
786
759.5
750
750
830
770
769
747.1
730.9
735
720.5
706
699
665
660.4
Opening
Price
650
759.7
745
721.3
710
709.7
677.85
676.1
659
657.3
665.15
685
658
664.95
690.05
698
687.5
690.5
688
685.5
675.85
675
687.4
694.9
707.5
712.9
718
722.5
746.6
743.25
745
772.1
786
767
755
785
830
780
779
747.1
762.25
735
720.5
718.8
699
677.6
673
742.2
707.55
707.7
656.1
672.4
646.55
646
575
642
638.3
645
642.9
644
666.15
682.1
663.15
673.15
671.05
666
659.75
666
666.2
676.2
687
695.35
695.65
711.05
720
727.15
727
743.05
751.3
745.1
731.5
743
760
756
745
722.5
718.2
695
696
685.55
660.6
646.6
653.25
High Price
Low Price
655
631.2
Babasabpatilfreepptmba.com
747.95
710.85
710.5
688
677.85
652.2
653.2
641.2
645.2
642.25
650.4
644.95
663.5
686.4
687.5
684.3
678.15
684.6
671.7
664.4
670.2
682.2
685.85
701.35
709.55
711.2
716.3
743.25
736.1
739.85
767.05
759.5
748.8
743.35
776.75
767.6
766.6
747.1
726
731.85
699.15
707.25
699.4
667.4
651.8
656.35
Closing
Price
648.8
731.94
730.48
728.835
726.835
723.35
715.875
707.92
697.955
688.265
676.92
667.165
660.575
655.875
655.715
656.68
659.89
662.385
666.725
669.375
671.59
673.57
677.295
679.53
681.025
683.23
685.92
689.735
695.6
702.04
709.585
719.27
727
733.295
737.495
744.215
749.855
754.885
755.27
754.26
753.46
746.67
741.445
736.505
728.91
716.415
705.29
10 days moving
average
693.51
Page 86
655
665
664
648.65
675
696
661
660.5
660
650
633
629.9
628.1
665.35
679
660
680.2
680
704
700.05
700
701
714
686.5
704
692
684.75
701
698
698
703
728.9
729.05
749.8
747.2
740.9
747
755
807
778
800
799.45
780.15
745
773.65
811
Opening
Price
830
667
670.45
680
672.5
696
698.5
673.8
669
667
655
642.5
642
664
682
679
677.6
699
711
709
707.9
712.9
716.9
718
704.85
704.5
698.9
699
704.9
698
701
734.95
747.8
747.45
755
747.9
747
760.7
822
807
809.6
807.4
800.05
787
800
818.9
841.9
655
657
659.2
648.65
670.15
681
650
638.4
644.1
628.15
616.1
613
628.1
665.35
656.4
645
674
680
692.2
682.05
687
690
692.15
681.2
686.3
681
684.4
689.25
688.55
692.15
700
724
720
737.35
733.1
721.5
740
742.1
765
752.1
777.4
770
745
745
773.65
800.1
High Price
Low Price
838.9
789.05
Babasabpatilfreepptmba.com
657.7
658.95
663.55
669.4
692.55
691.15
660.5
641.15
649.85
634.15
619.5
620.8
656.6
675.4
663.05
674.15
680.75
701.75
702.85
691.35
698.85
712.05
695.15
702.7
689.15
684.75
695
693.75
694.75
696.1
720.4
731.25
741
747.2
740.9
739.9
751.3
776.9
773.3
788.1
799.45
779.05
764.35
796.15
806.7
830.55
Closing
Price
803.35
684.57
677.865
671.035
668.06
666.59
665.765
665.075
664.01
663.36
661.895
658.075
654.26
653.565
654.165
651.215
649.515
651.54
657.6
662.9
668.62
676.555
685.68
689.535
692.265
694.875
695.935
697.36
696.56
695.75
696.225
698.38
700.3
704.885
709.335
714.51
720.025
725.655
733.97
741.825
751.025
758.93
763.71
766.045
770.94
777.52
786.585
10 days moving
average
791.79
Page 87
807
837.1
776.65
801.25
779.6
779
781
798.9
784
799.8
816.8
810
767.3
770
730
750
740.15
720
715
718.4
687
690
700
705
685
705
700
739.2
702
700
720.1
710
720
722
724
736
737
744
775.5
775
772
770
776.9
770
760
743.8
Opening
Price
709.1
825
837.1
814.8
821.7
801
784
808.4
805
816.8
815
836.8
816.9
805.95
771.9
759
750
744.8
734.5
724.7
718.4
694.35
705.2
731.8
718.5
711
715.9
718
739.2
709.8
723.7
728
722.5
725.95
744
744
749
746
783.9
782
781.7
777.7
777.3
780
787.8
764
749.7
807
805
741
755
758.25
760
781
770
775
775.2
801
756.05
750.05
739
725
735
716.3
710.2
704.6
687
675
673.1
700
695.55
685
697
691
686.1
678.15
698.3
705
706
714
714
714
733.35
728.35
744
763.25
760.55
745.05
761
762
747.1
738
690
High Price
Low Price
720
697
Babasabpatilfreepptmba.com
818.3
820.8
806.95
791.35
785.15
772.9
795.6
774.6
800.6
804.8
807.25
767.75
757.85
746.95
754.8
740.15
719.45
720.3
707.55
694.8
684.35
693.3
707.65
698.95
697.1
703.1
708.45
691.3
694.5
714.35
711.75
719.75
721.25
718.2
732.45
736.15
741.3
772.4
775.45
767.3
766.45
775.2
770.05
763.15
744.85
701.75
Closing
Price
702.2
795.93
800.68
802.565
801.755
802.365
803.22
803.165
799.955
796.96
797.105
796
790.695
785.785
781.345
778.31
775.035
767.42
761.99
752.685
741.685
729.395
721.95
716.93
712.13
706.36
702.655
701.555
698.655
697.35
699.305
702.045
704.69
706.05
707.975
711.51
714.815
718.1
726.21
734.305
739.6
745.07
750.615
755.495
759.99
761.23
757.79
10 days moving
average
753.88
Page 88
716
692
727
736
756
732
744
742
766.85
800
800
783
790
767
783
779.95
764.9
777.7
750
750
736.65
714
635
680
673
667.1
705
720.1
723.9
709
708
765
770
733.95
740
717
707.3
700.85
700
724.1
725
724.05
740
738.8
715
708.5
Opening
Price
700.1
717.4
714.9
733.7
755.5
760
739.7
745
766.5
797
816
824.1
807.8
799.5
787
802
779.95
779.5
790
755
755
737.7
716
690
710
693.4
718
739.7
737.5
723.9
720
760
787.8
774
743
748.9
730
723.8
710.4
719.9
743.8
756
755
750.8
738.8
729
708.5
681.2
692
717
730
731.4
688
733
737
753
780.05
771.15
763
765.4
754
744.1
736.15
758.9
758.65
730.3
730.35
706.3
637.15
530.5
639
645
667
670
701
686.25
686.6
706
754
745
702.6
698.05
697.05
685
688.65
700
721.55
715
724.05
735.1
700
703.2
690
High Price
Low Price
715
695
Babasabpatilfreepptmba.com
690.7
710.15
730.4
752.1
736.75
729.35
741.9
762.35
793.55
791.6
781.65
785.4
774.9
770.2
749.2
763.1
765.6
769
749.95
736.65
714.3
653.65
650.9
658.85
658.55
710.45
712.75
715.8
696.95
699.45
753.5
770
754
735.95
715.1
710.95
700.85
693.9
714.8
733.15
751.85
732.7
739.65
710.3
708.05
696.05
Closing
Price
705.85
745.71
739.18
735.49
734.055
730.21
726.14
724.015
725.765
734.945
743.885
752.98
760.505
764.955
766.765
768.01
771.385
773.755
774.42
770.06
764.565
757.83
744.655
732.255
721.12
712.055
706.79
701.505
696.185
690.885
687.165
691.085
702.72
713.03
720.74
726.395
726.445
725.255
723.065
724.85
728.22
728.055
724.325
722.89
720.325
719.62
718.13
10 days moving
average
718.63
Page 89
710
705.1
705
709.8
700.35
703
703
701.1
672.5
675
669
640
624
625
609.4
633.1
651.95
670
690
670
654
641
714
717.95
714.9
715
709.95
706.95
711.95
701.1
699.7
675
669
675
645
629.7
625
655
669.95
685
694
673.6
654
645
700.15
705
703.35
686.3
685
688.4
700
658
611.65
650.1
638.3
614.15
624
597.1
597
632
651.95
670
651.05
628.35
633.1
617.35
704.15
707.85
709.8
700.35
695.1
702.2
704.35
671.8
674.8
653.3
645.1
621.35
637.65
609.4
619.45
650.65
663.2
680.1
678.75
655.35
646.05
622.7
719.655
718.96
716.625
711.475
707.715
703.97
703.375
699.75
697.625
692.37
686.465
677.815
670.6
661.505
653.94
648.785
644.67
645.5
645.895
646.1
646.195
646.33
Chart:
Babasabpatilfreepptmba.com
Page 90
Interpretation:
Here, In this case, Moving Average is above the Actual line. So it indicates that it
is a right time to buy the security. In this Graph, we can see that the moving average of
Tata Motors Stock has been decreased. So, it is giving clear picture of future movement
of the scrip. This Graph provides a message to the investor that it is a right time to buy
the Stock of Tata Motors.
Here, in this case, the actual Stock price of Tata Motors is just below its moving
average line. It indicates that investors are becoming increasingly bullish on the Stock
Price of Tata Motors.
Moreover, Stock price and moving Average of Tata Motors has been decreased. It
indicates that investors are becoming increasingly bullish from bearish pattern on the
Stock Price of Tata Motors.
Page 91
Interpretation:
Japanese Candle Stick is used to analyze the pattern of stock movement. Candle is
same as bar chart but the color is different red candle is used to indicate the bearish trend
and green candle is a indicator of bullish trend
Japanese candle use historical prices of a stock in the prescribed manner i.e.
Open, High, Low, Close. The size of the candle is known by its magnitude of open and
close, and the size of the shadow is known by high and close.
In the above Candle Stick Chart it is clear that Stock Price of Maruti Suzuki Ltd.
has been decreased. Simply Share Prices of Maruti Suzuki Ltd is falling down. It
indicates that the investors are becoming more bearish than bullish. Here, as far as Maruti
Suzuki is concerned, bearish market trend is taking place. It is a right time to buy the
Scrip.
Babasabpatilfreepptmba.com
Page 92
Interpretation:
From the above Candle Stick Chart it is clear that Stock Price of Tata Motors is
falling down. Here, we can observe lot of volatility in stock price. Both the Bullish and
Bearish trends are taking place. The Bullish trend is following by Bearish Trend. It
indicates that the investors are becoming more bearish than bullish. At present Situation
Bearish Trend is going on. It is a right time to buy the Scrip.
Babasabpatilfreepptmba.com
Page 93
CHAPTER: 10
FINDINGS, SUGGESTIONS AND CONCLUSION
Babasabpatilfreepptmba.com
Page 94
In case of RSI of Maruti Suzuki Scrip, the best time to sell the stock was between 12 th
July 07 to 31st July 07 and 9th October 07 to 18th October 07 since the RSI was above
70 & it had reached its peak level. The best time to buy the stock was between 2 nd Jan
08 to 24th Jan 08 since the RSI was below 30 for these many days.
In case of RSI of Tata Motors, the best time to sell the stock was between 27 th Sep 07
to 4th October 07 and 10th December 07 to 12th December 07 since the RSI was above
70 & it had reached its peak level. The best time to buy the stock was between 8 th
August 07 to 23rd August 07 and 23rd Jan 08 to 24th Jan 08 as well as between 7 th
March to 18th March 08 since the RSI was below 30 for these many days.
The 10 days moving average of Maruti Suzuki scrip, provides a message to the
investor that it is a right time to buy the Stock and, the trend of the Moving Average
line has been decreased, so it is also a right time to buy the stock.
In case of 10 days Moving Average of Tata Motors Ssrip, the actual Stock price is
just below its moving average line. It indicates that investors are becoming
increasingly bullish on the Stock Price of Tata Motors.
In Japanese Candle Stick Chart of Maruti Suzuki Ltd. we can see that the stock price
has been decreased. Simply Share Prices of Maruti Suzuki Ltd is falling down. It
indicates that the investors are becoming more bearish than bullish.
In case of Japanese Candle Stick Chart of Tata Motors, we can observe lot of
volatility in stock price. Both the Bullish and Bearish trends are taking place. The
Bullish trend is following by Bearish Trend
If an investor opts for long term investment then he will earn huge amount of return.
Long term Investment is known to be less risky.
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This study may not provide any guidelines to Speculators. It is useful to Long Term
Investors.
One of the most basic and easy to use technical analysis indicators is the moving
average, which shows the average value of a security's price over a period of time.
The most commonly used moving averages are 10 days, 20 days, 30 days, 50 days,
100 days and 200-days moving average..
One of the most important areas for any investor to look when researching a company
is the financial statement. Financial reports are required by law and are published
both quarterly and annually.
If we consider RSI then almost all the scrips of these companies are lying between 30
and 70. It means an investor should hold the scrips until it reaches 70 to sell and 30 to
buy.
Moving average is one of the best methods of predicting future movement of Stock
Price. If we use 200 Day Moving Average for Analysis then volatility of stock will be
less. It gives clear picture of movement of Stock.
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Suggestions:
1. Before going to invest, an investor should have clear and adequate knowledge of
capital market.
2. It is better to go for Long term Investment rather than the Short term Investment.
Because it is less risky and also provides sufficient return.
3. The investors should know the value of money.
4. Practically, stock market activities are very risky. So, investors should be careful
while investing.
5. In case of half knowledge about stock market is very dangerous. So, whenever a
person wants to invest in stock market he should take necessary tips from the experts
or Technical Analysts.
6. Investors should also look into global pressure and market movement in order to look
for avenues of investing in different stocks and to take position; some of the sources
for understanding global pressure are CNBC TV18, News Paper, Economy watch etc.
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BIBLIOGRAPHY
CHAPTER 11
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2.
3.
4. Security Analysis And Portfolio Management, By, Donald E.Fisher And Ronald
J.
Jordan,
WEB SITES:
1. www.bseindia.com
2. www.nseindia.com
3. www.stockchart.com
4. www.icicidirect.com
5. www.marutisuzuki.com
6. www.tatamotors.com
7. www.investopedia.com
8. www.moneycontrol.com
9. www.equitymaster.com
MAGZINES AND JOURNALS:
1. Annual Reports of Companies.
2. Factsheet of Geojit Securities.
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