BETA COMPUTATION OF SIX BSE STOCK

COMPANIES

Submitted By: Submitted To:

Swati Bhotika Dr. U.K.Basu

Neha Kanodia

A.Saujanya

MBA (WBUT)
Following are the six companies that we have considered for Beta
calculation:

- Reliance Infrastructure Limited

- Sterlite Industries (India) Limited
- HDFC Bank Limited
- TATA Consultancy Services Limited
- TATA Power Co. Limited
- WIPRO Limited
Rate of return% (j)
 HDFC Tata
Date RIL SIL Bank TCS Power Wipro Ltd Sensex (m)
1/7/2010 0.812% -3.179% -0.392% -2.636% 0.023% -2.508% -1.082%
2/7/2010 -1.136% -2.311% 0.307% 1.661% 0.023% 2.946% -0.276%
5/7/2010 -0.597% -0.218% -0.003% -0.525% -0.149% 0.893% -0.112%
6/7/2010 0.265% 1.560% 2.413% 2.454% 0.491% 1.604% 0.992%
7/7/2010 -0.461% -2.119% -1.148% 0.772% -0.671% -0.480% -0.814%
8/7/2010 -0.408% 3.546% 0.336% 1.702% 0.338% 0.635% 1.034%
9/7/2010 -0.846% 1.545% 3.088% -0.270% 0.689% 1.009% 1.030%
12/7/2010 -1.914% 1.343% 2.057% 2.189% 0.179% 2.247% 0.581%
13/07/10 -0.213% 0.471% 1.030% -2.091% 0.600% -0.940% 0.272%
14/07/10 -0.440% -1.700% 1.114% -0.032% 0.057% -1.886% -0.265%
15/07/10 0.669% -0.924% -1.152% 1.220% 0.943% 1.018% -0.160%
16/07/10 0.091% -0.030% -1.240% 6.160% -0.284% 0.062% 0.259%
19/07/10 -0.942% -1.505% 0.571% -0.985% -0.337% 0.423% -0.153%
20/07/10 0.132% 1.528% -0.285% 0.388% -0.165% 0.928% -0.280%
21/07/10 -0.223% 4.335% -0.536% 1.535% 0.527% 1.827% 0.554%
22/07/10 -0.790% 1.558% 1.097% 0.292% -0.416% 0.108% 0.756%
23/07/10 0.469% -1.250% -0.822% -0.481% -0.414% -0.842% 0.098%
26/07/10 0.057% 0.201% 0.645% 0.960% -0.042% 0.243% -0.612%
27/07/10 1.043% 1.091% 0.665% 0.254% -0.147% 0.884% 0.319%
28/07/10 -0.353% 0.057% 1.031% 0.630% 0.738% -0.600% -0.665%
29/07/10 -1.171% 1.533% 0.712% -0.486% -0.240% 0.531% 0.193%
30/07/10 -2.047% -2.209% 1.216% -1.035% -0.632% -1.225% -0.688%
2/8/2010 0.799% 2.630% 0.421% -0.303% -0.008% 0.620% 1.192%
3/8/2010 0.309% -0.557% -0.573% -0.650% 0.568% -0.338% 0.186%
4/8/2010 1.768% -0.196% -0.487% 4.429% 0.347% 3.964% 0.566%
5/8/2010 -1.939% -0.674% -0.653% 0.810% -0.443% 0.501% -0.245%
6/8/2010 -0.863% -0.283% -0.214% -1.288% -0.264% 0.626% -0.159%
9/8/2010 0.862% 1.729% -0.685% 1.444% 0.212% 0.795% 0.791%
10/8/2010 -0.595% -2.396% 0.685% -1.560% 0.211% -2.116% -0.369%
11/8/2010 -1.454% -1.655% -0.589% -0.659% 0.501% -2.279% -0.822%
12/8/2010 -0.005% -2.583% -0.389% -0.437% -0.423% -1.196% 0.021%
13/08/10 -1.028% -4.260% 0.576% 0.222% -0.064% 0.399% 0.515%
16/08/10 -3.401% -0.062% -0.146% -0.309% -0.926% -0.096% -0.640%
17/08/10 -1.118% -0.965% 1.862% -0.427% -0.608% -0.458% -0.011%
18/08/10 0.671% 0.031% 3.100% 2.128% 0.398% 1.830% 1.154%
19/08/10 2.039% 0.943% 1.951% 0.368% -1.104% -0.238% 1.084%
20/08/10 0.602% -0.467% -0.007% -0.562% -0.705% -1.766% -0.288%
23/08/10 -2.361% -0.719% -1.553% 0.023% -0.097% 0.134% 0.041%
24/08/10 -2.040% -3.970% 0.487% 0.184% -0.637% -0.837% -0.531%
25/08/10 -1.031% 1.050% -0.634% 0.236% -1.938% -2.080% -0.721%
26/08/10 -0.864% -1.234% -0.741% 0.362% 1.072% -0.062% 0.257%
27/08/10 -2.167% -0.066% -1.704% -2.099% -2.554% -0.875% -1.251%
30/08/10 1.640% 0.493% -0.428% -1.063% -0.150% 0.492% 0.187%
31/08/10 0.271% -1.047% 0.089% -0.331% -0.802% 0.339% -0.338%
1/9/2010 2.103% 3.573% 0.814% 1.582% 1.107% 0.875% 1.306%
2/9/2010 -0.749% 2.587% 1.463% -1.592% 1.672% 0.037% 0.178%
3/9/2010 1.602% -1.276% 0.566% -0.741% -0.735% -0.521% -0.093%
6/9/2010 1.247% 3.690% 0.554% 1.887% 2.281% 0.822% 1.858%
7/9/2010 -0.153% 0.182% -0.388% 1.893% -0.618% 0.717% 0.458%
8/9/2010 -1.771% 1.609% -0.680% 0.869% 0.189% 0.577% 0.116%
9/9/2010 -1.305% -1.105% 2.667% -0.565% -1.010% -0.488% 0.712%
13/09/10 4.466% 0.514% 1.861% 0.895% 1.219% -1.275% 2.174%
14/09/10 0.076% 2.675% 2.327% 1.648% -0.765% 3.663% 0.722%
15/09/10 0.995% 1.698% 1.756% 2.175% 0.257% 2.252% 0.802%
16/09/10 -1.243% -2.303% 0.783% -2.003% -0.430% -0.855% -0.434%
17/09/10 0.755% 2.092% 0.200% 1.916% 0.107% -0.685% 0.913%
20/09/10 2.484% -1.097% 1.919% -0.208% -0.028% 0.107% 1.589%
21/09/10 -1.278% 0.058% 1.022% 4.635% 3.002% 3.411% 0.480%
22/09/10 -0.960% 0.758% 0.168% -1.910% 0.983% 0.919% -0.299%
23/09/10 -0.339% 0.000% -0.620% -0.219% 0.133% 0.581% -0.405%
24/09/10 1.444% -0.232% 1.297% -0.113% 0.855% 0.996% 0.927%
27/09/10 0.591% 3.162% -2.105% -0.446% 1.054% -0.336% 0.360%
28/09/10 2.520% -0.731% 0.498% -0.744% 0.429% -0.664% -0.062%
29/09/10 -2.242% -8.499% -0.235% 0.076% -0.223% -0.079% -0.739%
30/09/10 -1.283% 3.282% 1.450% 0.157% 0.729% 1.609% 0.565%

BETA Beta=1.10 Beta=1.60 Beta=0.79 Beta=0.92 Beta=0.52 Beta=0.75

Rate of Return (j) = Closing Price - Opening Price

Opening Price

Beta = Covariance (j,m)

Variance (m)
Graphical Representation of Beta Calculation