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CHAPTER-1
INTRODUCTION
INTRODUCTION ON INTERNSHIP
An internship is a technique for hands on preparing for expert professions. Assistants will be
school or college understudies. These positions will be paid or unpaid and are mostly temporary.
The internship program is planned to give understudies busy with a field association with an
opportunity to share their contemplations, to examine the associations between corporate'
academic course of action and their field understanding, and to individuals in making and doing
the noteworthy research adventure work which will serve to upgrade their entrance level position
work contribution. It was an incredible opportunity to take work inclusion in Swastika
Investment ltd.
In this affiliation it gives me a splendid opportunity to take in the working of an affiliation

recollecting the fluctuating game plan of the forefront business condition. The critical objective
of this brief occupation is to get hands on the experience of the present cash related market
especially the offer exchanging framework with the suitable work association in the association.
It was an incredible help for me to learn and get colleague of the working culture0in the
association. Finally it was a decent encounter to gain proficiency with the monetary execution
and operational effectiveness under the direction of the best administration with gigantic learning
in Swastika Investment Ltd.
2. INDUSTRY PROFILE AND COMPANY PROFILE
1. INDUSTRY PROFILE
Monetary Services industry is a term used to allude to the business which gives
administrations to the budgetary market. Monetary Services industry is likewise the term
used to depict associations that manage the administration of cash.
1
The money related administration industry is profoundly divided. The creation of this
industry is isolated among couple of various organizations be that as it may, nonetheless, no
single firm is sufficiently vast to have the capacity to impact the business' heading or value
level.
Industry Composition
The money related administrations industry is contained assortment of organizations giving
administrations comprehensively identified with protection, bookkeeping, banking, business,
land, hazard examination, resource the executives, and venture.
• Insurance firm either give protection themselves as protection transporters or sell the
administrations of the different as protection merchants.
• Banks can be business or private on worldwide, national, provincial or network level, and offer
the defending and loaning of cash as their earlier administration.
• Brokerage firms go about as mediators among purchasers and dealers for an assortment of
budgetary items, for example, securities, values and other speculation contributions.
•` Real Estate firms give administrations, for example, purchasing, selling, creating, working,
and overseeing land
The piece of industry in which the firm is arranged is legitimately connected to the securities
exchange of the nation.
History of Indian Stock Exchange- The origin-Pre Independence
The beginning Pre Independence Indian securities exchange must be one of the old securities
exchange the entire of Asia. It retreats to0the completion of eighteenth century0when the East
India Organization used to complete their exchanging of credit securities. In the 1830's,
exchanging0on corporate stocks and offers in Bank and Cotton crushes which happened in
Bombay. Despite how the exchanging0was0expansive at any rate the shippers were less around
six in the midst of the summit of 18400and01850.
This banyan tree still there in the Horniman Circle Stop, Mumbai. In1860, the trade flourish with
600specialists. Genuinely the 'Offer Craziness' in India started with the American Common War
broke and the cotton supply from US to Europe blocked. Enable the traders were contacted 250.
The lovely social affair of stockbrokers managed themselves as "The Local Offer and
Stockbrokers Relationship", in 1875, was formally made as the Bombay Stock exchange (BSE).
BSE was moved to an old working near the Town Corridor. In01928, the plot of get together on
which the BSE accumulating now stays (at the assembly purpose behind Dalal Road, Bombay
Samachar and Hammam Road in downtown Mumbai) was gotten, and a structure was produced
and was had in the year 1930.
Post-independence To Present
Earlier 1956, the government of India implied as the Bombay Stock exchange as the primary
stock trade the nation under the control of Securities Contracts (Regulation) Act.
The most key time allotment in the historical background of the BSE happened after01992. In
the result of a basic stagger with announce managing including a BSE part named0Harshad
Mehta, BSE respond to calls for change with inflexible nature. The foot-dragging by the BSE
radicalized the spot of the association, which secure with creation of the National Stock Trade
(NSE), which formed an electronic business center. NSE started trading on 4 November 1994.
Inside not actually a year, NSE turnover outperformed the BSE. BSE immediately robotized, yet
it never got up to speed with NSE spot grandstand turnover.
Notwithstanding, this exchanging, and the running with move of the spot market to moving
settlement, followed along in 2000 and 2001 - helped by another important disgrace at BSE
including the then President Mr. Anand Rathi. NSE scored for all intents and purposes 100%
piece of the pie in the runaway accomplishment of huge worth reinforcements exchanging, along
these lines submitting BSE into plainly second spot. Today, NSE has normally 66% of critical
worth spot turnover and all around 100% of noteworthy worth subordinates turnover.
BOMBAY STOCK EXCHANGE (BSE)
The Bombay Stock Exchange is the most settled exchange Asia. It looks for after its history to
1855, when four Gujarati and one Paris stockbroker would assemble under banyan trees before
Mumbai's Town Hall. The region of these gatherings changed for the most part as the proportion
of experts dependably expanded. The social gathering at last moved to Dalal Street in 1874 and
in 1875 changed into an official association known as "The Native Share and Stock Brokers
Association".
On 31 August 1957, the BSE changed into the basic stock trade to be seen by the Indian
Government under the Securities Contracts Regulation Act. In 1980, the trade moved to the
Phiroze Jeejeebhoy Towers at Dalal Street, Fort a zone. In 1986, it built up the BSE SENSEX
record, giving the BSE a way to deal with check all around execution of the trade. In 2000, the
BSE utilized this record to open its subordinates advance, exchanging SENSEX prospects
contracts.
The movement of SENSEX choices close-by regard subordinates followed in 2001 and 2002,
growing the BSE's exchanging stage.
Generally an open Uproar floor exchanging trade, the Bombay Stock Exchange changed to an
electronic exchanging framework in 1995. It took the trade just fifty days to pick up this ground.
This electronic, screen-set up together exchanging stage called BSE with respect to line
exchanging (BOLT) had a most extreme of 8 million requesting for consistently. The BSE has
correspondingly shown the world's as of late joined trade based web exchanging framework,
BSEWEBx.co.in to empower budgetary professionals wherever on the planet to exchange on the
BSE sort out.
In excess of 5000 affiliations are recorded on BSE, making it the world's top trade with respect
to recorded individuals. The affiliations recorded on BSE Ltd. heading a complete market
capitalization of USD 1.51 Trillion as of May 2014. It is moreover one of the world's driving
trades (third most prominent in March 2014) for Index choices exchanging.
NATIONAL STOCK EXCHANGE (NSE)

The National Stock Exchange of India Ltd. (NSE) is a stock trade orchestrated in the cash related
capital of Mumbai, India. National Stock Exchange (NSE) was set up in the mid-1990s as a
demutualised electronic trade. NSE gives a bleeding edge, completely mechanized screen-based
exchanging structure, with more than two lakh exchanging terminals, through which money
related bosses in each claim to fame and corner of India can exchange. NSE has acknowledged a
basic occupation in changing the Indian securities include and in bringing unparalleled
straightforwardness, reasonability and market up rightness.
The trade was interlaced in 1992 as a commitment paying affiliation and was viewed as a stock
trade 1993 under the Securities Contracts (Regulation) Act, 1956, when Mr. P. V. Narasimha
Rao was the Prime Minister of India and Dr. Manmohan Singh was the Finance Minister. NSE
started practices in the Wholesale Debt Market (WDM) fragment in June 1994. The Capital
market (Equities) section of the NSE started assignments in November 1994, while practices in
the Derivatives parcel began in June 2000
NSE was begun by a hold of driving Indian budgetary establishments at the request of the
Government of India to pass on straightforwardness to the Indian market, and has an isolated
shareholding including nuclear family and overall cash related experts. The nuclear family
analysts wires, State Bank of India and Infrastructure Development Finance Company (IDFC)
Ltd, while the outside cash related masters combine MS Strategic (Mauritius) Limited, Citigroup
Strategic Holdings Mauritius Limited, Tiger Global Five Holdings and Norwest Venture Partners
X FII-Mauritius. It offers exchanging, clearing and repayment benefits in regard, duty and regard
subordinates. It is India's most noteworthy trade, thorough in real money include exchanges, in
genuine cash exchanging and record choices. As on June 2013, NSE has 1673 VSAT terminals
and 2720 rent lines, spread over in excess of 2000 urban systems crosswise over India.
1.1 COMPANY PROFILE

Swastika Investment Limited, corporate individual from all the chief stock and product
trades, is giving best an incentive to cash through customized administrations, focused on
exclusive expectations of corporate administration, largest amounts of straightforwardness,
responsibility and trustworthiness in the entirety of its exercises.
Swastika Investment Ltd. (Once in the past known as Swastika Fin-Lease Ltd.), a Public
Limited Company, was interlaced in 1992 with its Registered Office in Mumbai and
Administrative office at Indore (M.P.). It was advanced by Mr. Sunil Nyati having a spot
with the Swastika social event of Rajasthan, occupied with redesigned business since 1959.
In the year 1995 the affiliation turned out with a Public issue of 15 Lac regard offers of
Rs.10/ - each for money at standard, gathering Rs.150 Lacs.
The thoughts of affiliation are recorded on BSE and are one of only a cluster few recorded
affiliations, occupied with Stock broking and Capital Markets works out. Since association
till 1998, the affiliation was effectively associated with the field of Hire Purchase and Lease
Finance. It began the stock broking business as a sub-go-between in the year 1998 and in the
wake of getting the experience and with the support's of its fulfilled clients, it took the
Corporate Membership of NSE in 2000 and BSE in 2004. A brief timeframe later, it got
chose with CDSL in 2006 as Depository Participant in addition.
Reliably, Swastika has looked for after a foreseen headway way and is created as one of the
standard broking spots of the nation with the help and sureness of its customers, cash related
specialists, representatives and assistants. Today the Swastika absolute is coordinated by a
social affair of more than 250 ace staff individuals and has a the nation over driving force.
SUCCESS SUTRAS OF SWASTIKA
2.3.1 VISION
"To give best an incentive to cash to customers through customized administration, imaginative
items, best exchanging and speculation techniques and best in class innovations. We at Swastika
trust that 'Our associations joined with our cash related specialists' trust will incite a prosperous
Swastika family"
2.3.2 QUALITY POLICY
• Integrity and straightforwardness in all exchanges,
• Giving theory courses of action reliant on quality and fair-minded research,
• Providing tweaked organizations to every monetary master and colleagues,
• Achieving achievement through client's improvement.
2.3.3ABOUT THE MANAGEMENT
Swastika is controlled by a social affair of 200+ experienced and qualified masters over the
majority of the parts of the authorities. The affiliation was advanced by Mr. Sunil Nyati
KEY PERSONNEL
Mr. Anil Nyati - Director
Mr. Vinod Gupta - Director
Mrs. Anita Nyati - Director
Mr. Vijay Kumar Chowdhary - Director - Marketing
Mr. Vinit Rathi - Vice President – Marketing
1.2 PRODUCTS / SERVICES PROFILE

Items are offered by Swastika venture Ltd are as per the following
• Equity
• Derivatives
• Commodities
• Currency
• Mutual subsidize
• Insurance
Administrations are offered by Swastika speculation Ltd are as per the following
• IPO administrations
• Depository administration
• Investment warning administrations
OFFERINGS OF COMPANY
 Offline trading:
A disconnected record is the conventional broking account, wherein you place orders
with your vendor either by strolling to the workplace or via telephone. Since the vendor
assumes a key job in this model.
 Online trading:
Internet exchanging offers the accommodation to exchange from the solace of your
home/office. We give exchanging programming, which can be downloaded by the
customer on any framework. Through their client ID and secret key, customers can begin
exchanging on the web; we additionally give the office to exchange through our program
based application.
 Mobile trading:
A portable based application which enables you to exchange from your cell phone anyplace,
whenever. This allowed to download application will you to exchange in a hurry, check your
portfolio and record subtleties, get live gushing information of market refreshes, lists refreshes,
stock statements and considerably more.
 Research:
A disconnected record is the conventional broking account, wherein you place orders with your
vendor either by strolling to the workplace or via telephone. Since the seller assumes a key job in
this model.
 Online trading:
Web based exchanging offers the accommodation to exchange from the solace of your
home/office. We give exchanging programming, which can be downloaded by the customer on
any framework. Through their client ID and secret word, customers can begin exchanging on the
web; we likewise give the office to exchange through our program based application.
 Mobile trading:
A portable based application which enables you to exchange from your cell phone anyplace,
whenever. This allowed to download application will you to exchange in a hurry, check your
portfolio and record subtleties, get live spilling information of market refreshes, files refreshes,
stock statements and significantly more.
 Research:
Swastika offers look into based administrations to its customers. Its examination wing envelops
distinctive organizations in various parts. This division offers total research arrangement on
Equities, subordinate, items, cash shared store, and so forth.
2.5 AREAS OF OPERATION
Swastika speculation procured enrolment of the exceptional stock trades of India, to be specific
BSE and NSE in 2000 and 2004 individually. It offers exchanging offices in the money and
subsidiaries advertise portion of both BSE and NSE. The organization additionally gives
exchanging Commodity and Currency advertise section too. It additionally goes about as a DP
with NSDL and CDSL. It gives site and portable based exchanging offices for the customers.
Swastika hypotheses Registered Office in Mumbai and Administrative office at Indore

(M.P.).Greater part of the organization's terminals are situated in north piece of India. It has a
wide system spread crosswise over 12 states, with 50+ workplaces and 500+ sub-intermediaries.
Amid this period, organization included More than 40000+ Registered Clients (Individual and
Corporate).
2.6 INFRASTRUCTURE FACILITIES

Swastika speculation Ltd. has great foundation offices towards the specialized and principal
exercises to clients and representatives.
• Proper offices for its representatives: Employees has been furnished with better seating office
for their work, alongside the better work area for exchange.
• Good arrange: It's having its on server to store the information identified with their customers
and furthermore to have a superior system office.
• Excellent back office programming: It is most required for a broking house to give
administration proficiently; Swastika is all around involved by best back office programming to
comfort their representatives and customer.
Other facilities:
1. Web based trading speak to placing assets into Equities and Derivatives.
2. Instant cash trade office against purchase and closeout of offers.
3. Instant solicitation and trade confirmation by email and SMS
4. Single screen interface for cash and subordinates.
5. Provide incredible quality organizations like step by step SMS alerts, mail alerts, etc.
COMPETITORS INFORMATION
Name Terminals Sub-brokers No.of Employees No. of Branches

Kotak securities 5320 1000 4045 356
India bulls 3650 NA 5873 522
IIFL 173 179 NA 605
Angel 5756 568 284 NA
Geogith 627 247 343 314
Karvy 1700 1900 3910 581
Motilal Oswal 7923 890 2193 63
Reliance Money 2428 1494 142 314
FUTURE GROWTH AND PROSPECTS
• Further develop in circulation arrange the nation over.

• Building a solid establishment for customer instructive program.
• Focusing on structure a solid research group in specialized and central investigation.
• Focusing more on retail and institutional financial specialists by giving more administrations.
• Focus on protection warning, shared store and cash exchanging.
• Focusing more on rustic and semi-urban zones.
SWOT ANALYSIS
SWOT investigation alludes to the examining the quality, shortcoming, openings and dangers of
the association. SWOT is a compound of two factors specifically outer variables and inside
elements. Qualities and shortcoming are the inside factor which can be constrained by the
specialized and work force divisions. Opportunity and dangers are the outer variables which can't
be constrained by the organization. Outer elements may incorporate political variables, socio-
social elements, specialized components, natural elements, and so forth.
 STRENGTHS
• Company has great scope of items and administrations to different budgetary portions.
• Known for straightforward working.
• Good research group to give data to customer.
• Dedicated and ability staff.
• Web and Mobile Based Trading Platform.
• Attractive financier plans contrast with contenders.
 WEAKNESS:
• Less entrance in country and semi-urban territories.
• The innovation being utilized isn't up to the standard.
• There is exacting and stringent SEBI technique.
• Limited number of branches.
 OPPORTUNITIES:
• Target the provincial and sub urban zones.
• Growth in auxiliary market volumes.
• Changing mentality of clients towards securities exchange exchanging.
• Rapid entrance of web and PCs encourages the money related administrations to pick
up piece of the pie.
• Technological improvement are been adding to pull in more personals towards

exchanging. (For example Portable Trading).
 THREATS:
•Worldwide contenders entering Indian markets
• Increasing challenge concerning diminishing financier charges
• Company survival essentially relies on market patterns and customer's climate
1.10.FINANCIAL STATEMENT ANALYSIS

BALANCE SHEET OF Swastika Investment Limited as on
Balance Sheet of Swastika Investment Mar 18 Mar-17 Mar-16 Mar-15
12 mths 12 mths 12 mths 12 mths
EQUITIES AND LIABILITIES
SHAREHOLDER'S FUNDS
Equity Share Capital 2.98 2.98 2.98 2.98
Total Share Capital 2.98 2.98 2.98 2.98
Reserves and Surplus 16.48 10.83 11.37 9.31
Total Reserves and Surplus 16.48 10.83 11.37 9.31
Total Shareholders Funds 19.46 13.82 14.35 12.29
NON-CURRENT LIABILITIES
Deferred Tax Liabilities [Net] 0 0.04 0.09 0.26
Long Term Provisions 0 0 0.18 0.1
Total Non-Current Liabilities 0 0.04 0.28 0.36
CURRENT LIABILITIES
Short Term Borrowings 26.88 9.73 6.17 14.13
Trade Payables 0.17 0.47 0.11 0.02
Other Current Liabilities 33.03 36.89 36.47 32.62
Short Term Provisions 4.21 1.93 3.34 1.88
Total Current Liabilities 64.28 49.03 46.08 48.65
Total Capital And Liabilities 83.74 62.89 60.71 61.3
ASSETS
NON-CURRENT ASSETS
Tangible Assets 3.3 3.43 3.37 3.1
Intangible Assets 0.58 0.58 0.56 0.63
Fixed Assets 3.88 4.01 3.93 3.73
Non-Current Investments 12.06 10.75 9.33 7.08
Deferred Tax Assets [Net] 0.02 0 0 0
Long Term Loans And Advances 1.81 1.76 1.81 1.84
Other Non-Current Assets 0.43 0.37 0.18 0.19
Total Non-Current Assets 18.2 16.89 15.25 12.85
CURRENT ASSETS
Inventories 0.54 1.57 1.41 1.27
Trade Receivables 35.47 37.25 36.14 40.62
Cash And Cash Equivalents 24.37 4.59 4.87 4.32

Short Term Loans And Advances 5.1 2.49 2.94 1.92
Other Current Assets 0.05 0.11 0.1 0.32
Total Current Assets 65.55 46 45.46 48.45
Total Assets 83.74 62.89 60.71 61.3
PROFIT & LOSS ACCOUNT OF SWASTIKA INVESTMENT LTD.
Profit & Loss account of Swastika

Investment Mar 18 Mar-17 Mar-16 Mar-15
INCOME
Revenue From Operations [Gross] 20.42 15.97 15.63 8.45
Revenue From Operations [Net] 20.42 15.97 15.63 8.45
Other Operating Revenues 6.8 5.14 6.12 4.08
Total Operating Revenues 27.22 21.1 21.75 12.53
Other Income 5.43 1.59 1.71 1.54
Total Revenue 32.66 22.69 23.46 14.07
EXPENSES
Operating And Direct Expenses 1.39 0.23 0.93 0.65
Changes In Inventories Of FG,WIP And
Stock-In Trade 1.02 -0.16 -0.14 -0.22
Employee Benefit Expenses 7.14 8.14 6.53 4.49
Finance Costs 1.49 1.49 1.46 1.31
Depreciation And Amortisation
Expenses 0.94 0.98 1.19 0.61
Other Expenses 12.66 12.24 9.87 6.51
Total Expenses 24.64 22.92 19.83 13.36
Mar-18 Mar-17 Mar-16 Mar-15
Profit/Loss Before Exceptional,

Extraordinary Items And Tax 8.02 -0.23 3.62 0.71
Exceptional Items 0 0 0 0.31
Profit/Loss Before Tax 8.02 -0.23 3.62 1.02
Tax Expenses-Continued Operations

Current Tax 2.44 0 1.37 0.36
Deferred Tax -0.07 -0.05 -0.17 -0.02
Total Tax Expenses 2.37 -0.05 1.2 0.35
Profit/Loss After Tax And Before
Extraordinary Items 5.64 -0.18 2.42 0.67
Profit/Loss From Continuing
Operations 5.64 -0.18 2.42 0.67
Profit/Loss For The Period 5.64 -0.18 2.42 0.67
CHAPTER-2
CONCEPTUAL BACKGROUND AND LITERATURE REVIEW
2.1.Theoretical background of the company:

Stock Market:
Securities trade is the spot the exchanging of the affiliation both recorded and unlisted happens.
It is not quite the same as the stock trade as securities exchanges handle the stock trades of the
nation.
A stock trade is the party of purchasers and merchants (a free strategy of budgetary exchanges,
not a physical office or discrete substance) of stocks (moreover called offers), which address
ownership avows on affiliations; these may join securities recorded on an open stock trade and
also those select exchanged discreetly.Primary advertise
Primary market:
The basic market is the bit of the capital market that systems with issuing of new securities.
Central markets make entire arrangement instruments through which corporate substances raise
holds from the capital market.
By far most of the associations are normally started covertly by their advertiser. Anyway the
advertiser's capital and the on development capital from the banks or fiscal society won't not be
satisfactory for organization the business as time goes on. That is the time when the business and
the oversee looks key market to raise whole deal funds by issue securities as commitment and
altogether esteem.
Secondary Market:
The aide feature is the spot which offer liquidity to the budgetary specialists in the significant
market. Today we would not supply in any instrument if there was no average to sell our
spot.
The associate market gives a capable to exchanging of those securities which are to begin in
on with existing in the fundamental market.
Exchanging the optional market is done from first to last the stock trades; the stock trade is
the spot the purchasers and dealers accumulate to exchange partakes in referenced manner.
 Bombay Stock Exchange (BSE):

BSE was set up in the year 1875 is the most arranged stock trade Asia. It has make in
to its present status as a pioneer stock trade. At BSE you will discover some scrip's
not recorded in NSE. Likewise BSE has the best has the best number of scrip's
recorded.
 National stock Exchange (NSE):
NSE combined into the year 1992 gives trade the esteem and similarly as the imitative
market. Most extraordinary volume occurs on NSE than diverge from BSE and thusly
acknowledges activity in the cash division. Not just the cash cut NSE holds a virtual control the
extent that decided trading heavenly over 96% in the market.
CORRELATION AND BETA

As the examination focus on testing the daily schedule of chosen securities in accordance with
market list. This is finished with the assistance of association investigation. In this investigation a
test is made to test the transparency of the specific securities to the market record (NSE, NIFTY).
CORRELATION ANALYSIS
Relationship examination assesses the relationship between two things, for instance, a security's
cost and needle. The consequent respect (called the relationship coefficient). Shows if changes in
one uneven, will acknowledge changes in the other variable, one variable is viewed as
subordinate relative variable and the other one the free factor. The objective is to see it move in
the free factor will result in changes in the reliant variable. This data comprehends a pointer
prophetic utmost. The association coefficient can continue running among +1 and - (somewhere
around 1 and less one).
Correlation coefficient
A coefficient of +1.0, a perfect positive affiliation, gathers that adjustments in the free factor will
understand an obscure change in the charge variable. A coefficient - 1.0, a perfect negative
relationship, construes that modifications in the customized variable will acknowledge misty
changes in the poverty stricken variable, at any rate the developments will be the other way. A
coefficient of zero strategies, there is no relationship between the two components and that an
alteration in the free factor will have no impact in the destitute variable.
A low relationship coefficient (for example not actually +-0.10) endorse that the association
between two elements is feeble or non-existent. A high affiliation coefficient (for example closer
to notwithstanding or distortion one) demonstrate that the penniless variable (for example the
security's cost) will once in a while changes when the free factor (for example a pointer)
changes.
The method for poor variable changes depends upon the sign of the coefficient. In case the
coefficient is a positive number, by then the reliant variable will be in development in an
indistinct course from the independent variable, if the coefficient is negative, by then the needy
variable will move in the switch heading of the free factor.
The trademark relapse line or CRL is an essential direct dissatisfaction exhibit assessed for a
particular stock alongside the market document return to check its diversifiable or non-
diversifiable danger.
The security return is, if (Daily basis)

BETA CALCULATION:
Beta is the slant of the trademark relapse line; beta depicts the connection between the stocks
return and the list return.
Decisions:
1. Beta = +1.0: one rate changes in market record return causes energetically 1% change in stock
return. It show that the moves with pushbike with the market.
2. Beta = +2.0: one rate change in the market record return causes 2 rate changes in the stock
return. The stock return is progressively unstable. Precisely when there is a decreasing of 10% in
the market restore, the stock with a beta of 2 would give a negative return of 20%, the stock with
more than 1 beta respect are well deliberate to be risky.
3.Negative beta: Negative beta respect displays that the stock return moves in the contrary
course to the market return. A stock with a negative beta of - 1 would supply a section of 10%, if
the market return decreases by 10% and the an alternate way.
LITERATURE REVIEW
1.Youguo Liang, Sanjay Ramchander and Jandhyala L. Sharma, The Performance Of
Stocks: Professional Versus Dartboard Picks Behaviour Finance, Vol. 8, No. 1, 1995.
This paper reviews the execution of a portfolio collapsed on ace insight (likewise called
specialists picks) with another portfolio picked recklessly (comparably called abstract or dart
picks). We consider open declarations of authorities' proposition and sporadic picks from the
"Speculation Dartboard" segment in the Wall Street Journal. Our revelations exhibit that
essential irregular returns assemble to the cash related experts' of wonders picks, upon the
passage of movement and on one day after the creation. The outcomes likewise show that there is
no basic stock regard singular lead standard before the aces suggestion. A presentation influence
is seen from the supervisors suggestion, which offers sponsorship to an ethical hazard issue
experienced by undertaking pros. The outcomes are in like way suffering with the structure on
clamor and launch.
2.Vorek, Does High Price Earnings Ratio Predict Future Falls Of Stock Price? College
Of Economics in Prague, 31 August 2009
This paper assesses the execution of a portfolio formed on ace advice (likewise called
specialists picks) with another portfolio picked whimsically (also called emotional or dart
picks). We consider open affirmations of experts' proposals and sporadic picks from the
"Theory Dartboard" part in the Wall Street Journal. Our discoveries show that critical
anomalous returns collect to the financial specialists' of geniuses picks, upon the arrival of
distribution and on one day after the production. The outcomes additionally demonstrate
noteworthy stock value personal conduct standard before the aces suggestion. The holding
time frame is masterminded on a continuum going from around multi week to a half year and
a correlation of the mean overabundance. Results recommend that the masters choice
factually beats the irregular choice just in the one-week time frame, the irregular stocks
perform superior to the stars proposals. An exposure impact is observed from the masters
proposal, which offers backing to an ethical danger issue experienced by venture experts. The
outcomes are likewise steady with the writing on clamor and eruption.
3. Marc M. Kramer, Financial Advice and Individual Investor Portfolio Performance

Volume 41, Issue 2, Pages 395–428, summer 2012
This paper explores whether budgetary consultants increase the value of individual speculators'
portfolio choices by looking at arrangement of exhorted and self-coordinated (execution-just)
Dutch individual financial specialists. The outcomes show noteworthy contrasts in attributes and
portfolios between these speculator gatherings, however no proof of contrasts in hazard balanced
execution. The discoveries demonstrate that arrangement of prompted financial specialists are
better expanded and convey essentially less eccentric hazard. What's more, proof from an
investigation of speculators who change to exhortation taking shows that these discoveries (at
any rate to a limited extent) mirror the impact of warning mediation
4. Lee-Ing Tong, K.S. Chen, H.T. Chen, "Statistical Testing For Assessing the Performance
of Lifetime Index", International Journal of Quality & Reliability Management, Vol. 19
Iss: 7, Pp. 812 – 824 (2002)
Different strategies have been created for evaluating quality execution. Practically speaking,
process capacity files (PCIs) are utilized as a methods for estimating process potential and
execution. By and by, process capacity records (PCIs) are utilized as a methods for estimating
process potential and execution. To use the PCIs all the more sensibly and precisely in evaluating
the lifetime execution of various areas, this investigation builds a consistently least change
unprejudiced system. The purchaser would then have the capacity to use the testing strategy to
choose if the lifetime of the particular fragments sticks to required measurement.
The proposed testing method is effectively connected and can adequately assess whether
the genuine execution of various segments meets necessities
5. Ooi, Joseph T L; Kim-Hiang Liow, Risk-Adjusted Performance of Real Estate Stocks:

Evidence from Developing Markets, The Journal of Real Estate Research and Volume: 26,
Issue: 4, Pages: 371-395, Number of pages: 25, 2004
This paper examinations the execution of land stocks recorded in seven making markets in East
Asia some spot in the extent of 1992 and 2002. Utilizing board descends into sin, the objective is
to see determinants of the risk balanced returns of land securities exchanged these business
regions. The test proof proposes that measure, book-to-advance respect, capital structure and
market improvement have fundamental impact on the execution of land securities. Resource
structure and movement presentation, in any case, don't seem to have any monstrous impact on
the advantages lead, while advantage yield has obliged influence. Clearly, credit costs and
budgetary condition have fundamental effect on the advantages of land stocks. The Asian
Financial Crisis correspondingly adversy impacts stocks' execution
6. Jain, Pratima; Bangur, Peeyush; Sharma, Kapil, Investor View of Stock Performance of
Indian Banks: Evidence Using the CANSLIM Approach, IUP Journal of Bank
Management, Volume: 10, Issue: 3, Pages: 65-78, Number of pages: 14, Aug 2011
Alright and outstanding yield is the principle major purpose of any budgetary authority. It is an
improvement stock theory rationality which joins execution of both specific examination and
noteworthy examination. It is besides a methodology which makes the cash related master pick
the best stocks among others to book benefits. The present examination bases on the most ideal
approach to survey and comprehend the budgetary position and better undertaking system in any
bank through the CANSLIM approach.
The paper in like way makes an endeavor to pick if there is some relationship between the
money related execution of the bank and its accessories' association with theory. Accordingly, an
examination of 10 banks-four from private domain, four from open division and two from SBI
all out which are recorded on the stock trades of India and have a decent notoriety among money
related specialists, was finished .was used
7. Adcock, Chris, Measuring portfolio execution utilizing an altered proportion of hazard,
Journal of Asset Management, Volume: 7, Issue: 6, Pages: 388-403, Number of pages: 16,
year: Mar 2007
This paper reports the results of an examination into the property of a notional change of beta
organized by Leland (1999) and in perspective on earlier work of Rubinstein (1976). It is shown
that when proceeds are circularly symmetric, beta is the correct proportion of peril and that there
are other state in which the made to organize beta will resemble the traditional assess in light of
the money asset esteem show. For the case some spot returns have a common scattering, it is
exhibited that the worldview either does not exist or lessens accurately to the conventional beta.
It is along these lines surmise the balanced measure may be significant for portfolios that have
standard return spreads which join smoothness. For such condition, it is exhibited to survey the
choose using backslide and how to differentiate the consequent marker and a preset assessed beta
using Hoteling's test. An exploratory examination in light of stocks from the FTSE350 does not
find verification to help the usage of the new measure even inside seeing sticks.
8. Ahmad, Ashfaq; Ali, Mumtaz; Humayoun, Asad Afzal An Investigation Of Influence Of

Local Events On Performance Of Karachi Stock Exchange 100 Index, Interdisciplinary
Journal Of Contemporary Research In Business, Volume: 3, Issue: 1, Pages: 814-822,
Number Of Pages: 9, Year: May 2011
Securities exchange is a critical marker of monetary wellbeing of any nation. It demonstrates the
high points and low points in the monetary conditions to mirror the market capitalization and
speculation adventures. Karachi stock trade is the greatest securities exchange of Pakistan. It
bargains in various stocks, securities and monetary instruments. This examination researches the
impact of chosen neighbourhood occasions on KSE 100 list. Information in regards to KSE day
by day shutting file was gathered from print media. An aggregate of 1971 perceptions were
recorded for a long time from July 01, 1998 to June 30, 2006. A relapse condition was contrived
alongside Post-hoc Tukey test to discover the effect of occasions on KSE file. The pre occasion,
occasion and post occasion windows were worked out for every single real occasion. The
outcomes demonstrate that the unexpected occasions had an undeniable negative occasion
window in respect to the pre occasion and post occasion window. While then again the occasions
with a development period had an increasingly negative effect amid their pre occasion window.
An ordinary dimension of list is seen after the event of explicit occasion at the disposal of
uncertainty
9. Patari, Eero, Comparative Analysis Of Total Risk-Based Performance Measures, The

Journal Of Risk, Volume: 10, Issue: 4, Pages: 69-112, Year: Summer 2008
Strategies for portfolio execution estimation in which the estimation of hazard depends on
absolute hazard are looked at in this paper from both hypothetical and experimental perspectives.
Both full-scale and fractional scale proportions of scattering are utilized as hazard surrogates.
Another methodology for evaluating drawback hazard considering contrasts in financial
specialist's hazard resilience and the relating execution proportion are likewise recommended.
The exact investigations demonstrate that venture hazard incorporates diverse measurements that
can't really be caught with a solitary hazard surrogate, and, in addition that these measurements
have sway additionally on the assessment of relative execution.
10. Bajwa, Rubeena, Performance Analysis of Indian Investment Strategies: A Study based
on Value and Growth StylesPages: 1-15, Number of pages: 15, year: Dec 2013
Generally utilized terms 'esteem' and 'development' speculation styles have a long history in
value the executives. Different venture techniques have been dissected in the past dependent on
the measurements of these styles. This examination broke down the speculation execution
investigation of different procedures framed based on six esteem and development parameters
amid the different rising and falling patterns of Indian value showcase. In our economy the
outcomes have not had the capacity to give comparable proof as identified with other created
country. The development procedures have been increasingly gainful and their style-level
partners were as well
LIMITATIONS OF THE STUDY

• The look into is limited just to data relating to records
• The inquire about work focuses just on four parts.
• The inquire about work thinks about just values, other kind of securities are disregarded, for
example, debentures, subsidiaries, and so forth.
• The think about spreads a time of just 10 weeks which is generally a brief length.
RATIO ANALYSIS
1) LIQUIDITY RATIO
CURRENT RATIO
Current Ratio is a liquidity degree that checks affiliation's capacity to pay its dedication all
through the going with a year or its business cycle.
=current resource/current obligation
= 43.16/24.22 (in cr.)
= 1.78
Interpretation:
Commendable current extent regards vacillate from industry to industry. Generally, a present
extent of 2:1 is seen as satisfactory. The higher the present extent is, the more capable the
association is to pay its responsibilities. Energy extent is in like manner affected by means of
normality. Here the present extent is higher than 1 (1.78) Then the association probably won't
have issues paying its bills on calendar.
2) PROFITABILITY RATIO
A) GROSS PROFIT RATIO
= (gross profitability / net sales)*100
= (2.37 / 12.85)*100 (in cr.)
=18.44 %
.interpretation:
The ideal element of gross in general income depends upon the undertakings, to what degree the
business has been developed and diverse factors. Regardless of the way that, a high gross
generally speaking income shows that the association. A low edge exhibits that the business is
unfit to control its age cost. Net advantage of Swastika in 2013 is 18.44%
b) NET PROFIT RATIO
= (net profitability / net sales)*100

= (0.61 / 12.85)*100 (in cr.)
= 4.75%
Translation:
Net advantage (NP) extent is a useful gadget to measure the general profitability of the business.
A high extent demonstrates the successful organization of the issues of business. 2013 net
advantage extent of Swastika is 4.75%.
3. SOLVENCY RATIO
CAPITAL GEARING RATIO
= Equity share capital / fixed interest bearing funds

= 12.24 / 15.7 (in cr.)
= 0.780
Interpretation:
An affiliation is said to be low arranged if the more prominent bit of the capital is made out of
principal money related pros' regard. Then again, the affiliation is said to be particularly arranged
if the more prominent bit of the capital is made out of fixed intrigue/advantage bearing assets.
Here the affiliation is high arranged in light of the way that fixed intrigue/advantage bearing
assets are more than theorist's regard.
4. DEBT – EQUITY RATIO
= Debt / Equity
= 15.7 / 12.24 (in cr.)
= 1.28 times
Interpretation:
Commitment esteem extent contrasts from industry to industry. Particular gauges have been
delivered for different organizations. An extent of 1:1 is normally seen as pleasing for most of
the associations.
An under 1 extent exhibits that the piece of points of interest given by financial specialists is
more conspicuous than the bit of advantages given by advance supervisors and a more
imperative than 1 extent demonstrates that the section of advantages given by banks is more
critical than the bit of advantages given by speculators. Here it is more conspicuous than one it
infers commitments are more imperative than esteem.
RETURN ON INVESTMENT
= Net profit / shareholders fund

= 0.61 / 2.98 (in cr.)
= 0.20
Interpretation:
Level of gainfulness (ROI) is a pointer of association's profitability by evaluating how much
advantage the association makes with the money contributed by customary stock owners. Here
Return on Investment is 0.20.
CHAPTER- 3
RESEARCH DESIGN
TOPIC:
“A Study on Performance Evaluation of Selected Securities Based On Market Index at
Swastika Investment Ltd, Bangalore”
3.1. STATEMENT OF THE PROBLEM:

The proposed examination is genuinely an endeavor to know the execution of chose securities in
correlation with the market list and turns out with solid motivation to recommend the
organizations financial specialists.
3.2. NEED FOR THE STUDY:
 To comprehend the securities exchange.
 The purpose behind the examination is to know the adjustments in the offer expense of
test associations in light of market record.
 To invigorate the portfolio investigated and adjusted now and again checked out the
monetary circumstance.
 To investigate the hazard and profit for the organization's securities.
3.3. OBJECTIVES OF THE STUDY:

The proposed examination has the accompanying targets:
• To comprehend Indian Capital Market.
• To comprehend about Equity Portfolio.
• To study and develop Equity Portfolio utilizing Single Index Model
3.4. SCOPE OF THE STUDY

The think about spreads four segments with securities browsed every division in particular:
1. Banking
2. Pharmaceutical
3. IT-Software
4. Tele-Communication
The contemplate covers a time of year, for example from first January 2013 to 31st December
2013.
The think about thought about the month to month shutting returns of every single security for
the year 2012 with the end goal of the examination.
3.5. RESEARCH METHODOLOGY

1. PRIMARY DATA (There is no source for primary data)
2. SECONDARY DATA
Information accumulation is gathered in the logical structure.
1. Collected from web

2. Data gathered from Swastika Investment ltd.
TOOLS USED
 Microsoft Excel
3.6. LIMITATIONS OF THE STUDY

 The examine is intended to confined just to data relating to advertise file
 The inquire about work just on 4 parts.
 The look into work just on values, other kind of securities are dismissed, for example,
debentures, subsidiaries, and so on.
 The contemplate covers a time of just 10 weeks which is generally a brief length.
CHAPTER - 4
DATA ANALYSIS AND INTERPRETATION
1. BANKING SECTOR
A. AXIS BANK
Table 4.1 showing Calculation of Beta and Correlation for AXIS Bank
DATE NIFTY AXISBANK

(2017) (CLOSE) X x2 (CLOSE) Y Y2 XY
Jan 8561.30 0.0000 0.0000 466.00 0.0000 0.0000 0.0000
Feb 8879.60 3.7179 13.8227 506.65 8.7232 76.0938 32.4318
Mar 9173.75 3.3126 10.9736 490.80 -3.1284 9.7868 -10.3633
Apr 9304.05 1.4204 2.0174 509.65 3.8407 14.7507 5.4551
May 9621.25 3.4093 11.6231 514.05 0.8633 0.7454 2.9433
Jun 9520.90 -1.0430 1.0879 517.35 0.6420 0.4121 -0.6696
Jul 10077.10 5.8419 34.1276 519.80 0.4736 0.2243 2.7665
Aug 9917.90 -1.5798 2.4958 500.35 -3.7418 14.0012 5.9114
Sep 9788.60 -1.3037 1.6996 509.15 1.7588 3.0933 -2.2929
Oct 10335.30 5.5851 31.1930 523.15 2.7497 7.5607 15.3572
Nov 10226.55 -1.0522 1.1072 535.40 2.3416 5.4830 -2.4639
Dec 10530.70 2.9741 8.8454 563.95 5.3325 28.4351 15.8594
CORRELATION 0.0005 BETA 0.3658
CORRELATION ANALYSIS:
The result implies that the index and the stock returns are closely correlated with each other in
the positive direction ( 0.0005). Therefore the stock movement can be predictable by studying
the market movements.
BETA ANALYSIS
The beta is greater than 1 i.e. (0.3658); the stock price fluctuates that are greater and more
volatile than the stock market. The risk and return of the stock is very high.
Table 4.2 Showing the Performance of AXIS Bank In Comparison With Nifty
NIFTY AXISBANK
(CLOSE) NIFTY (CLOSE) AXISBANK
8561.3 100 466 100
8879.6 103.7179 506.65 108.7232
9173.75 107.1537 490.8 105.3219
9304.05 108.6757 509.65 109.367
9621.25 112.3807 514.05 110.3112
9520.9 111.2086 517.35 111.0193
10077.1 117.7053 519.8 111.5451
9917.9 115.8457 500.35 107.3712
9788.6 114.3354 509.15 109.2597
10335.3 120.7212 523.15 112.2639
10226.55 119.4509 535.4 114.8927
10530.7 123.0035 563.95 121.0193
Table 4.2 Showing the Performance of AXIS Bank In Comparison With Nifty
300
250
200
150 AXISBANK
NIFTY
100
50
0
123456789101112
Monthly performance of NIFTY and AXIS shows that if an investor has invested Rs. 100, in
both the index and security. At the end of the period, the security returns will be Rs. 121.0193
where the market average return is RS. 123.0035.
B. CENTRAL BANK
Table 4.3 Showing Calculation of Beta and Correlation for CENTRAL BANK
DATE NIFTY central

(2013) (CLOSE) x X2 (CLOSE) Y Y2 XY
Jan 8561.30 0.0000 0.0000 83.25 0.0000 0.0000 0.0000
Feb 8879.60 3.7179 13.8227 85.70 2.9429 8.6609 10.9415
Mar 9173.75 3.3126 10.9736 105.65 23.2789 541.9062 77.1148
Apr 9304.05 1.4204 2.0174 105.95 0.2840 0.0806 0.4033
May 9621.25 3.4093 11.6231 102.95 -2.8315 8.0175 -9.6534
Jun 9520.90 -1.0430 1.0879 87.20 -15.2987 234.0499 15.9566
Jul 10077.10 5.8419 34.1276 90.55 3.8417 14.7590 22.4430
Aug 9917.90 -1.5798 2.4958 88.15 -2.6505 7.0250 4.1873
Sep 9788.60 -1.3037 1.6996 74.65 -15.3148 234.5432 19.9660
Oct 10335.30 5.5851 31.1930 81.75 9.5111 90.4601 53.1199
Nov 10226.55 -1.0522 1.1072 79.75 -2.4465 5.9853 2.5742
Dec 10530.70 2.9741 8.8454 72.91 -8.5768 73.5615 -25.5085
CORRELATION ANALYSIS :
the positive direction (0.0003). Therefore the stock movement can be predictable by studying the
market movements.
BETA ANALYSIS :
Table 4.4 Showing the Performance of CENTRAL BANK In Comparison With Nifty
NIFTY CENTRAL
(CLOSE) NIFTY (CLOSE) CENTRAL
8561.3 100 83.25 100
8879.6 103.7179 85.7 102.9429
9173.75 107.1537 105.65 126.9069
9304.05 108.6757 105.95 127.2673
9621.25 112.3807 102.95 123.6637
9520.9 111.2086 87.2 104.7447
10077.1 117.7053 90.55 108.7688
9917.9 115.8457 88.15 105.8859
9788.6 114.3354 74.65 89.66967
10335.3 120.7212 81.75 98.1982
10226.55 119.4509 79.75 95.7958
10530.7 123.0035 72.91 87.57958
Graph 4.2 Showing the Performance of CENTRAL BANK In Comparison With Nifty
300
250
200
150 CENTRAL
NIFTY
100
50
0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Monthly performance of NIFTY and CENTRAL BANK shows that if an investor has invested
Rs. 100, in both the index and security. At the end of the period, the security returns will be Rs.
126.4478 where the market average return is RS. 123.0035.
C. PNB BANK
Table 4.5 Showing Calculation of Beta and Correlation for PNB BANK
DATE NIFTY PNB

(2017) (CLOSE) x x2 (CLOSE) Y Y2 XY
Jan 8561.30 0.0000 0.0000 135.55 0.0000 0.0000 0.0000
Feb 8879.60 3.7179 13.8227 141.40 4.3158 18.6257 16.0455
Mar 9173.75 3.3126 10.9736 149.90 6.0113 36.1359 19.9134
Apr 9304.05 1.4204 2.0174 168.85 12.6418 159.8141 17.9558
May 9621.25 3.4093 11.6231 150.50 -10.8676 118.1055 -37.0507
Jun 9520.90 -1.0430 1.0879 137.30 -8.7708 76.9263 9.1479
Jul 10077.10 5.8419 34.1276 162.30 18.2083 331.5423 106.3708
Aug 9917.90 -1.5798 2.4958 143.80 -11.3986 129.9291 18.0078
Sep 9788.60 -1.3037 1.6996 129.05 -10.2573 105.2122 13.3725
Oct 10335.30 5.5851 31.1930 197.15 52.7702 2784.6987 294.7254
Nov 10226.55 -1.0522 1.1072 176.10 -10.6771 114.0015 11.2347
Dec 10530.70 2.9741 8.8454 171.40 -2.6689 7.1232 -7.9377
market movements.
BETA ANALYSIS:
Table 4.6 Showing the Performance of PNB BANK In Comparison With Nifty
NIFTY PNB
(CLOSE) NIFTY (CLOSE) PNB BANK
8561.3 100 135.55 100
8879.6 103.7179 141.4 104.3158
9173.75 107.1537 149.9 110.5865
9304.05 108.6757 168.85 124.5666
9621.25 112.3807 150.5 111.0291
9520.9 111.2086 137.3 101.291
10077.1 117.7053 162.3 119.7344
9917.9 115.8457 143.8 106.0863
9788.6 114.3354 129.05 95.20472
10335.3 120.7212 197.15 145.4445
10226.55 119.4509 176.1 129.9152
10530.7 123.0035 171.4 126.4478
Graph 4.3 Showing the Performance of PNB BANK In Comparison With Nifty
300
250
200
150 PNB BANK

NIFTY
100
50
0
123456789101112
Monthly performance of NIFTY and PNB BANK shows that if an investor has invested Rs. 100,
in both the index and security. At the end of the period, the security returns will be Rs. 126.4478
D. HDFC BANK (Housing Development Finance Corporation)
Table 4.7 Showing Calculation of Beta and Correlation for HDFC BANK
DATE NIFTY
(2013) (CLOSE) x X2 HDFC(CLOSE) Y Y2 XY
Jan 8561.30 0.0000 0.0000 1286.65 0.0000 0.0000 0.0000
Feb 8879.60 3.7179 13.8227 1440.00 11.9185 142.0518 44.3119
Mar 9173.75 3.3126 10.9736 1442.55 0.1771 0.0314 0.5866
Apr 9304.05 1.4204 2.0174 1546.50 7.2060 51.9263 10.2351
May 9621.25 3.4093 11.6231 1636.20 5.8002 33.6423 19.7744
Jun 9520.90 -1.0430 1.0879 1652.05 0.9687 0.9384 -1.0104
Jul 10077.10 5.8419 34.1276 1784.40 8.0113 64.1803 46.8008
Aug 9917.90 -1.5798 2.4958 1780.00 -0.2466 0.0608 0.3896
Sep 9788.60 -1.3037 1.6996 1816.40 2.0449 4.1818 -2.6660
Oct 10335.30 5.5851 31.1930 1808.50 -0.4349 0.1892 -2.4291
Nov 10226.55 -1.0522 1.1072 1853.70 2.4993 6.2465 -2.6298
Dec 10530.70 2.9741 8.8454 1872.40 1.0088 1.0177 3.0003
market movements.
BETA ANALYSIS :
Table 4.8 Showing the Performance of HDFC BANK In Comparison With Nifty
NIFTY NIFTY HDFC

(CLOSE) (CLOSE) CLOSE) HDFC
8561.3 100 1286.65 100
8879.6 103.7179 1440 111.9185
9173.75 107.1537 1442.55 112.1167
9304.05 108.6757 1546.5 120.1959
9621.25 112.3807 1636.2 127.1675
9520.9 111.2086 1652.05 128.3993
10077.1 117.7053 1784.4 138.6857
9917.9 115.8457 1780 138.3438
9788.6 114.3354 1816.4 141.1728
10335.3 120.7212 1808.5 140.5588
10226.55 119.4509 1853.7 144.0718
10530.7 123.0035 1872.4 145.5252
300
250
200
150 NIFTY HDFC

NIFTY (CLOSE)
100
50
0
12345678910 11 12
Monthly performance of NIFTY and HDFC BANK shows that if an investor has invested Rs.
100, in both the index and security. At the end of the period, the security returns will be Rs.
2. PHARMACEUTICALS SECTOR
A. BIOCON
Table 4.9 Showing Calculation of Beta and Correlation for BIOCON
DATE NIFTY BIOCON

Jan 8561.30 0.0000 0.0000 1010.95 0.0000 0.0000 0.0000
Feb 8879.60 3.7179 13.8227 1122.45 11.0292 121.6439 41.0055
Mar 9173.75 3.3126 10.9736 1132.30 0.8775 0.7701 2.9070
Apr 9304.05 1.4204 2.0174 1103.70 -2.5258 6.3798 -3.5876
May 9621.25 3.4093 11.6231 948.65 -14.0482 197.3520 -47.8941
Jun 9520.90 -1.0430 1.0879 331.05 -65.1030 4238.4060 67.9027
Jul 10077.10 5.8419 34.1276 384.70 16.2060 262.6348 94.6736
Aug 9917.90 -1.5798 2.4958 337.00 -12.3993 153.7420 19.5886
Sep 9788.60 -1.3037 1.6996 332.15 -1.4392 2.0712 1.8762
Oct 10335.30 5.5851 31.1930 359.20 8.1439 66.3233 45.4843
Nov 10226.55 -1.0522 1.1072 432.15 20.3090 412.4563 -21.3695
Dec 10530.70 2.9741 8.8454 537.30 24.3318 592.0379 72.3658
market movements.
BETA ANALYSIS
Table 4.10 Showing the Performance of BIOCON In Comparison With Nifty
250
200
150
BIOCON
100 NIFTY
50
0
1 2 3 4 5 6 7 8 9101112
Monthly performance of NIFTY and BIOCON shows that if an investor has invested Rs. 100, in
B. PEL
Table 4.11 Showing Calculation of Beta and Correlation for PEL
DATE NIFTY PEL

Jan 8561.30 0.0000 0.0000 1687.70 0.0000 0.0000 0.0000
Feb 8879.60 3.7179 13.8227 1844.80 9.3085 86.6487 34.6081
Mar 9173.75 3.3126 10.9736 1903.05 3.1575 9.9700 10.4598
Apr 9304.05 1.4204 2.0174 2496.35 31.1763 971.9598 44.2814
May 9621.25 3.4093 11.6231 2734.80 9.5519 91.2397 32.5651
Jun 9520.90 -1.0430 1.0879 2796.60 2.2598 5.1065 -2.3569
Jul 10077.10 5.8419 34.1276 2952.50 5.5746 31.0765 32.5663
Aug 9917.90 -1.5798 2.4958 2713.70 -8.0881 65.4167 12.7777
Sep 9788.60 -1.3037 1.6996 2630.15 -3.0788 9.4791 4.0139
Oct 10335.30 5.5851 31.1930 2749.07 4.5214 20.4432 25.2524
Nov 10226.55 -1.0522 1.1072 2773.85 0.9014 0.8125 -0.9485
Dec 10530.70 2.9741 8.8454 2867.25 3.3672 11.3378 10.0143
The result implies that the index and the stock returns are not closely are correlated with each
other in the negative direction (0.0002). And the stock prices moves completely in opposite
direction.
BETA ANALYSIS :
The beta is less than 1 i.e. (1.2211); the stock price fluctuations are less and the stock is less
volatile and is moderate in terms of risk and return of the stock is very high
Table 4.12 Showing the Performance of PEL In Comparison With Nifty
NIFTY PEL
(CLOSE) NIFTY (CLOSE) PEL
8561.3 100 1687.7 100
8879.6 103.7179 1844.8 109.3085
9173.75 107.1537 1903.05 112.76
9304.05 108.6757 2496.35 147.9143
9621.25 112.3807 2734.8 162.043
9520.9 111.2086 2796.6 165.7048
10077.1 117.7053 2952.5 174.9422
9917.9 115.8457 2713.7 160.7928
9788.6 114.3354 2630.15 155.8423
10335.3 120.7212 2749.07 162.8885
10226.55 119.4509 2773.85 164.3568
10530.7 123.0035 2867.25 169.891
Graph 4.6 Showing the Performance of PEL In Comparison With Nifty
350
300
250
200 PEL
NIFTY
150
100
50
0
123456789101112
Monthly performance of NIFTY and PEL shows that if an investor has invested Rs. 100, in both
the index and security. At the end of the period, the security returns will be Rs. 169.891 where
the market average return is RS. 123.0035.
A. TCS (TATA CONSULTANCY SERVICE)

Table 4.13 Showing Calculation of Beta and Correlation for TCS
DATE NIFTY TCS

Jan 8561.30 0.0000 0.0000 2229.80 0.0000 0.0000 0.0000
Feb 8879.60 3.7179 13.8227 2466.25 10.6041 112.4467 39.4249
Mar 9173.75 3.3126 10.9736 2431.80 -1.3969 1.9512 -4.6273
Apr 9304.05 1.4204 2.0174 2273.15 -6.5240 42.5622 -9.2664
May 9621.25 3.4093 11.6231 2546.60 12.0296 144.7104 41.0120
Jun 9520.90 -1.0430 1.0879 2362.35 -7.2351 52.3472 7.5463
Jul 10077.10 5.8419 34.1276 2491.80 5.4797 30.0273 32.0119
Aug 9917.90 -1.5798 2.4958 2496.35 0.1826 0.0333 -0.2885
Sep 9788.60 -1.3037 1.6996 2435.95 -2.4195 5.8541 3.1544
Oct 10335.30 5.5851 31.1930 2624.00 7.7198 59.5950 43.1155
Nov 10226.55 -1.0522 1.1072 2701.20 2.9421 8.6558 -3.0957
Dec 10530.70 2.9741 8.8454 2637.00 -2.3767 5.6488 -7.0687
direction.
BETA ANALYSIS :
volatile and is moderate in terms of risk and return of the stock is very high.
Table 4.14 Showing the Performance of TCS In Comparison With Nifty
NIFTY TCS
(CLOSE) NIFTY (CLOSE) TCS
8561.3 100 2229.8 100
8879.6 103.7179 2466.25 110.6041
9173.75 107.1537 2431.8 109.0591
9304.05 108.6757 2273.15 101.9441
9621.25 112.3807 2546.6 114.2076
9520.9 111.2086 2362.35 105.9445
10077.1 117.7053 2491.8 111.7499
9917.9 115.8457 2496.35 111.954
9788.6 114.3354 2435.95 109.2452
10335.3 120.7212 2624 117.6787
10226.55 119.4509 2701.2 121.1409
10530.7 123.0035 2637 118.2617
Graph 4.7 Showing the Performance of TCS In Comparison With Nifty
300
250
200
150 TCS
NIFTY
100
50
0
123456789101112
Monthly performance of NIFTY and TCS shows that if an investor has invested Rs. 100, in both
the index and security. At the end of the period, the security returns will be Rs. 118.2617where
the market average return is RS. 105.3936.
B. INFOSYS
Table 4.15 Showing Calculation of Beta and Correlation for INFOSYS
DATE NIFTY INFOSYS

Jan 8561.30 0.0000 0.0000 928.60 0.0000 0.0000 0.0000
Feb 8879.60 3.7179 13.8227 1012.40 9.0243 81.4387 33.5515
Mar 9173.75 3.3126 10.9736 1022.25 0.9729 0.9466 3.2230
Apr 9304.05 1.4204 2.0174 918.95 -10.1052 102.1143 -14.3529
May 9621.25 3.4093 11.6231 977.05 6.3224 39.9732 21.5549
Jun 9520.90 -1.0430 1.0879 935.55 -4.2475 18.0411 4.4301
Jul 10077.10 5.8419 34.1276 1011.20 8.0862 65.3859 47.2384
Aug 9917.90 -1.5798 2.4958 914.95 -9.5184 90.5998 15.0373
Sep 9788.60 -1.3037 1.6996 899.90 -1.6449 2.7057 2.1445
Oct 10335.30 5.5851 31.1930 921.85 2.4392 5.9495 13.6229
Nov 10226.55 -1.0522 1.1072 976.10 5.8849 34.6321 -6.1922
Dec 10530.70 2.9741 8.8454 1042.05 6.7565 45.6500 20.0946
direction.
BETA ANALYSIS:
Table 4.16 Showing the Performance of INFOSYS In Comparison With Nifty
NIFTY INFOSYS
(CLOSE) NIFTY (CLOSE) INFOSYS
8561.3 100 928.6 100
8879.6 103.7179 1012.4 109.0243
9173.75 107.1537 1022.25 110.0851
9304.05 108.6757 918.95 98.9608
9621.25 112.3807 977.05 105.2175
9520.9 111.2086 935.55 100.7484
10077.1 117.7053 1011.2 108.8951
9917.9 115.8457 914.95 98.53005
9788.6 114.3354 899.9 96.90933
10335.3 120.7212 921.85 99.2731
10226.55 119.4509 976.1 105.1152
10530.7 123.0035 1042.05 112.2173
Graph 4.8 Showing the Performance of INFOSYS In Comparison With Nifty
250
200
150
INFOSYS
NIFTY
100
50
0
123456789101112
Monthly performance of NIFTY and INFOSYS shows that if an investor has invested Rs. 100, in
C. HCLTECH
Table 4.17 Showing Calculation of Beta and Correlation for HCLTECH
DATE NIFTY HCLTECH

Jan 8561.30 0.0000 0.0000 811.15 0.0000 0.0000 0.0000

Feb 8879.60 3.7179 13.8227 840.10 3.5690 12.7378 13.2692
Mar 9173.75 3.3126 10.9736 874.75 4.1245 17.0116 13.6631
Apr 9304.05 1.4204 2.0174 814.10 -6.9334 48.0722 -9.8479
May 9621.25 3.4093 11.6231 864.25 6.1602 37.9478 21.0017
Jun 9520.90 -1.0430 1.0879 850.90 -1.5447 2.3861 1.6111
Jul 10077.10 5.8419 34.1276 892.90 4.9360 24.3636 28.8353
Aug 9917.90 -1.5798 2.4958 865.30 -3.0911 9.5546 4.8833
Sep 9788.60 -1.3037 1.6996 874.80 1.0979 1.2054 -1.4313
Oct 10335.30 5.5851 31.1930 855.80 -2.1719 4.7173 -12.1303
Nov 10226.55 -1.0522 1.1072 848.00 -0.9114 0.8307 0.9590
Dec 10530.70 2.9741 8.8454 890.50 5.0118 25.1181 14.9057
direction.
BETA ANALYSIS:
Table 4.18 Showing the Performance of HCLTECH In Comparison With Nifty
NIFTY HCLTECH
(CLOSE) NIFTY (CLOSE) HCLTECH
8561.3 100 811.15 100
8879.6 103.7179 840.1 103.569
9173.75 107.1537 874.75 107.8407
9304.05 108.6757 814.1 100.3637
9621.25 112.3807 864.25 106.5463
9520.9 111.2086 850.9 104.9004
10077.1 117.7053 892.9 110.0783
9917.9 115.8457 865.3 106.6757
9788.6 114.3354 874.8 107.8469
10335.3 120.7212 855.8 105.5045
10226.55 119.4509 848 104.5429
10530.7 123.0035 890.5 109.7824
Graph 4.9 Showing the Performance of HCLTECH In Comparison With Nifty
250
200
150
HCLTECH
100 NIFTY
50
0
123456789101112
Monthly performance of NIFTY and HCLTECH shows that if an investor has invested Rs. 100,
D. WIPRO
Table 4.19 Showing Calculation of Beta and Correlation for WIPRO
DATE NIFTY WIPRO

Jan 8561.30 0.0000 0.0000 458.00 0.0000 0.0000 0.0000
Feb 8879.60 3.7179 13.8227 489.75 6.9323 48.0570 25.7736
Mar 9173.75 3.3126 10.9736 515.70 5.2986 28.0754 17.5525
Apr 9304.05 1.4204 2.0174 494.25 -4.1594 17.3006 -5.9078
May 9621.25 3.4093 11.6231 535.50 8.3460 69.6554 28.4537
Jun 9520.90 -1.0430 1.0879 258.35 -51.7554 2678.6182 53.9810
Jul 10077.10 5.8419 34.1276 288.45 11.6509 135.7426 68.0630
Aug 9917.90 -1.5798 2.4958 299.10 3.6921 13.6320 -5.8329
Sep 9788.60 -1.3037 1.6996 280.25 -6.3022 39.7182 8.2163
Oct 10335.30 5.5851 31.1930 294.05 4.9242 24.2475 27.5019
Nov 10226.55 -1.0522 1.1072 291.90 -0.7312 0.5346 0.7693
Dec 10530.70 2.9741 8.8454 314.25 7.6567 58.6255 22.7720
direction.
BETA ANALYSIS :
Table 4.20 Showing the Performance of WIPRO In Comparison With Nifty
NIFTY WIPRO
(CLOSE) NIFTY (CLOSE) WIPRO
8561.3 100 458 100
8879.6 103.7179 489.75 106.9323
9173.75 107.1537 515.7 112.5983
9304.05 108.6757 494.25 107.9148
9621.25 112.3807 535.5 116.9214
9520.9 111.2086 258.35 56.4083
10077.1 117.7053 288.45 62.9803
9917.9 115.8457 299.1 65.3056
9788.6 114.3354 280.25 61.1899
10335.3 120.7212 294.05 64.2030
10226.55 119.4509 291.9 63.7336
10530.7 123.0035 314.25 68.6135
Graph 4.10 Showing the Performance of WIPRO In Comparison With Nifty
250
200
150
WIPRO
NIFTY
100
50
0
123456789101112
Monthly performance of NIFTY and WIPRO shows that if an investor has invested Rs. 100, in
both the index and security. At the end of the period, the security returns will be Rs.
68.6135where the market average return is RS. 123.0035.
4. AUTO MOBILE
A. MARUTI
Table 4.21 Showing Calculation of Beta and Correlation for MARUTI
DATE NIFTY MARUTI

Jan 8561.3 0.0000 0.0000 5894.25 0.0000 0.0000 0.0000
Feb 8879.6 3.7179 13.8227 5922.50 0.4793 0.2297 1.7819
Mar 9173.8 3.3126 10.9736 6015.70 1.5737 2.4764 5.2130
Apr 9304.1 1.4204 2.0174 6524.85 8.4637 71.6340 12.0215
May 9621.3 3.4093 11.6231 7211.00 10.5160 110.5852 35.8517
Jun 9520.9 -1.0430 1.0879 7217.60 0.0915 0.0084 -0.0955
Jul 10077.1 5.8419 34.1276 7750.05 7.3771 54.4217 43.0962
Aug 9917.9 -1.5798 2.4958 7700.30 -0.6419 0.4121 1.0141
Sep 9788.6 -1.3037 1.6996 7978.20 3.6090 13.0245 -4.7050
Oct 10335.3 5.5851 31.1930 8211.25 2.9211 8.5327 16.3145
Nov 10226.6 -1.0522 1.1072 8599.10 4.7234 22.3105 -4.9700
Dec 10530.7 2.9741 8.8454 9729.55 13.1461 172.8211 39.0982
direction.
BETA ANALYSIS:
The beta is less than 1 i.e.( 0.6392); the stock price fluctuations are less and the stock is less
Table 4.22 Showing the Performance of MARUTI In Comparison With Nifty
NIFTY MARUTI
(CLOSE) NIFTY (CLOSE) MARUTI
8561.3 100 5894.25 100
8879.6 103.7179 5922.5 100.4793
9173.75 107.1537 6015.7 102.0605
9304.05 108.6757 6524.85 110.6986
9621.25 112.3807 7211 122.3396
9520.9 111.2086 7217.6 122.4515
10077.1 117.7053 7750.05 131.4849
9917.9 115.8457 7700.3 130.6409
9788.6 114.3354 7978.2 135.3556
10335.3 120.7212 8211.25 139.3095
10226.55 119.4509 8599.1 145.8896
10530.7 123.0035 9729.55 165.0685
Graph 4.11 Showing the Performance of A MARUTI In Comparison With Nifty
250
200
150
INFOSYS
100 NIFTY
50
0
123456789101112
4. AUTO MOBILE
A. MARUTI
Table 4.21 Showing Calculation of Beta and Correlation for MARUTI
DATE NIFTY MARUTI

Jan 8561.3 0.0000 0.0000 5894.25 0.0000 0.0000 0.0000
Feb 8879.6 3.7179 13.8227 5922.50 0.4793 0.2297 1.7819
Mar 9173.8 3.3126 10.9736 6015.70 1.5737 2.4764 5.2130
Apr 9304.1 1.4204 2.0174 6524.85 8.4637 71.6340 12.0215
May 9621.3 3.4093 11.6231 7211.00 10.5160 110.5852 35.8517
Jun 9520.9 -1.0430 1.0879 7217.60 0.0915 0.0084 -0.0955
Jul 10077.1 5.8419 34.1276 7750.05 7.3771 54.4217 43.0962
Aug 9917.9 -1.5798 2.4958 7700.30 -0.6419 0.4121 1.0141
Sep 9788.6 -1.3037 1.6996 7978.20 3.6090 13.0245 -4.7050
Oct 10335.3 5.5851 31.1930 8211.25 2.9211 8.5327 16.3145
Nov 10226.6 -1.0522 1.1072 8599.10 4.7234 22.3105 -4.9700
Dec 10530.7 2.9741 8.8454 9729.55 13.1461 172.8211 39.0982
direction.
BETA ANALYSIS:
The beta is less than 1 i.e.( 0.6392); the stock price fluctuations are less and the stock is less
Table 4.22 Showing the Performance of MARUTI In Comparison With Nifty
NIFTY MARUTI
(CLOSE) NIFTY (CLOSE) MARUTI
8561.3 100 5894.25 100
8879.6 103.7179 5922.5 100.4793
9173.75 107.1537 6015.7 102.0605
9304.05 108.6757 6524.85 110.6986
9621.25 112.3807 7211 122.3396
9520.9 111.2086 7217.6 122.4515
10077.1 117.7053 7750.05 131.4849
9917.9 115.8457 7700.3 130.6409
9788.6 114.3354 7978.2 135.3556
10335.3 120.7212 8211.25 139.3095
10226.55 119.4509 8599.1 145.8896
10530.7 123.0035 9729.55 165.0685
Graph 4.11 Showing the Performance of A MARUTI In Comparison With Nifty
350
300
250
200
MARUTI
150 NIFTY
100
50
0
123456789101112
Monthly performance of NIFTY and MARUTI E shows that if an investor has invested Rs. 100,
B. ASHOKLEY
Table 4.23 Showing Calculation of Beta and Correlation for ASHOKLEY
DATE NIFTY ASHOKLEY

Jan 8561.30 0.0000 0.0000 90.75 0.0000 0.0000 0.0000
Feb 8879.60 3.7179 13.8227 90.65 -0.1102 0.0121 -0.4097
Mar 9173.75 3.3126 10.9736 84.55 -6.7292 45.2818 -22.2914
Apr 9304.05 1.4204 2.0174 85.40 1.0053 1.0107 1.4279
May 9621.25 3.4093 11.6231 94.50 10.6557 113.5447 36.3283
Jun 9520.90 -1.0430 1.0879 93.85 -0.6878 0.4731 0.7174
Jul 10077.10 5.8419 34.1276 109.50 16.6755 278.0738 97.4166
Aug 9917.90 -1.5798 2.4958 107.10 -2.1918 4.8039 3.4626
Sep 9788.60 -1.3037 1.6996 123.10 14.9393 223.1830 -19.4764
Oct 10335.30 5.5851 31.1930 131.20 6.5800 43.2966 36.7498
Nov 10226.55 -1.0522 1.1072 117.85 -10.1753 103.5368 10.7067

Dec 10530.70 2.9741 8.8454 119.10 1.0607 1.1250 3.1546
direction.
BETA ANALYSIS :
Table 4.24 Showing the Performance of ASHOKLEY In Comparison With Nifty
NIFTY ASHOKLEY
(CLOSE) NIFTY (CLOSE) ASHOKLEY
8561.3 100 90.75 100
8879.6 103.7179 90.65 99.88981
9173.75 107.1537 84.55 93.16804
9304.05 108.6757 85.4 94.10468
9621.25 112.3807 94.5 104.1322
9520.9 111.2086 93.85 103.416
10077.1 117.7053 109.5 120.6612
9917.9 115.8457 107.1 118.0165
9788.6 114.3354 123.1 135.6474
10335.3 120.7212 131.2 144.573
10226.55 119.4509 117.85 129.8623
10530.7 123.0035 119.1 131.2397
Graph 4.12 Showing the Performance of ASHOKLEY In Comparison With Nifty
300
250
200
150 ASHOKLEY
NIFTY
100
50
0
123456789101112
Monthly performance of NIFTY and ASHOKLEY shows that if an investor has invested Rs.
C. BOSCH LTD
Table 4.25 Showing Calculation of Beta and Correlation for BOSCHLTD
DATE NIFTY
(2017) (CLOSE) x x2 BOSCHLTD(CLOSE) Y Y2 XY
Jan 8561.30 0.0000 0.0000 22130.75 0.0000 0.0000 0.0000
Feb 8879.60 3.7179 13.8227 21583.25 -2.4739 6.1203 -9.1978
Mar 9173.75 3.3126 10.9736 22751.25 5.4116 29.2855 17.9267
Apr 9304.05 1.4204 2.0174 22991.60 1.0564 1.1160 1.5005

May 9621.25 3.4093 11.6231 23337.95 1.5064 2.2693 5.1358
Jun 9520.90 -1.0430 1.0879 23327.25 -0.0458 0.0021 0.0478
Jul 10077.10 5.8419 34.1276 24178.10 3.6475 13.3039 21.3080
Aug 9917.90 -1.5798 2.4958 21986.80 -9.0632 82.1409 14.3182
Sep 9788.60 -1.3037 1.6996 20545.10 -6.5571 42.9958 8.5485
Oct 10335.30 5.5851 31.1930 21012.20 2.2735 5.1690 12.6978
Nov 10226.55 -1.0522 1.1072 20333.75 -3.2288 10.4254 3.3974
Dec 10530.70 2.9741 8.8454 20165.55 -0.8272 0.6843 -2.4602
direction.
BETA ANALYSIS :
Table 4.26 Showing the Performance of BOSCHLTD In Comparison With Nifty
NIFTY BOSCHLTD
(CLOSE) NIFTY (CLOSE) BOSCHLTD
8561.3 100 22130.75 100
8879.6 103.7179 21583.25 97.52607
9173.75 107.1537 22751.25 102.8038
9304.05 108.6757 22991.6 103.8898
9621.25 112.3807 23337.95 105.4549
9520.9 111.2086 23327.25 105.4065
10077.1 117.7053 24178.1 109.2512
9917.9 115.8457 21986.8 99.34955
9788.6 114.3354 20545.1 92.83508
10335.3 120.7212 21012.2 94.94572
10226.55 119.4509 20333.75 91.88008
10530.7 123.0035 20165.55 91.12005
Graph 4.13 Showing the Performance of A BOSCHLTD In Comparison With Nifty
250
200
150
BOSCHLTD
100 NIFTY
50
0
123456789101112
Monthly performance of NIFTY and BOSCHLTD E shows that if an investor has invested Rs.
91.12005 where the market average return is RS. 123.0035
D. APOLLOTYRE
Table 4.27 Showing Calculation of Beta and Correlation for APOLLOTYRE
DATE NIFTY APOLLOTYRE

Jan 8561.30 0.0000 0.0000 180.40 0.0000 0.0000 0.0000
Feb 8879.60 3.7179 13.8227 187.60 3.9911 15.9291 14.8386
Mar 9173.75 3.3126 10.9736 208.70 11.2473 126.5025 37.2585
Apr 9304.05 1.4204 2.0174 244.00 16.9142 286.0912 24.0242
May 9621.25 3.4093 11.6231 228.60 -6.3115 39.8347 -21.5175
Jun 9520.90 -1.0430 1.0879 240.70 5.2931 28.0168 -5.5207
Jul 10077.10 5.8419 34.1276 266.50 10.7187 114.8913 62.6176
Aug 9917.90 -1.5798 2.4958 253.40 -4.9156 24.1629 7.7657
Sep 9788.60 -1.3037 1.6996 245.75 -3.0189 9.1140 3.9358
Oct 10335.30 5.5851 31.1930 246.00 0.1017 0.0103 0.5682
Nov 10226.55 -1.0522 1.1072 250.70 1.9106 3.6503 -2.0103
Dec 10530.70 2.9741 8.8454 268.25 7.0004 49.0056 20.8200
direction.
BETA ANALYSIS:
Table 4.28 Showing the Performance of APOLLOTYRE In Comparison With Nifty
NIFTY APOLLO
(CLOSE) NIFTY (CLOSE) APOLLOTYRE
8561.3 100 180.4 100
8879.6 103.7179 187.6 103.9911
9173.75 107.1537 208.7 115.6874
9304.05 108.6757 244 135.255
9621.25 112.3807 228.6 126.7184
9520.9 111.2086 240.7 133.4257
10077.1 117.7053 266.5 147.7273
9917.9 115.8457 253.4 140.4656
9788.6 114.3354 245.75 136.2251
10335.3 120.7212 246 136.3636
10226.55 119.4509 250.7 138.969
10530.7 123.0035 268.25 148.6973
Graph 4.14 Showing the Performance of APOLLOTYRE In Comparison With Nifty
300
250
200
150 APOLLOTYRE
NIFTY
100
50
0
123456789101112
Monthly performance of NIFTY and APOLLOTYRE shows that if an investor has invested Rs.
148.6973 where the market average return is RS.123.0035
CHAPTER 5
FINDING, CONCLUSION AND SUGGESTION
5.1 SUMMARY OF THE STUDY:

The prime thing the financial specialist should know is the selection of securities and this
should be possible just when the speculators are aware of the execution of securities.
They ought to be affected and agreeable: where his cash has been contribute a speculator not
just needs exhortation on the most proficient method to need from assortment of venture
choice accessible, yet additionally a correct venture procedure that is appropriate to his
circumstance and necessities. The investigation focus on examine execution of various areas
and their execution is contrast and clever.
The study selects three top company from each 4 sectors. The sectors include
1. Banking
2. Pharmaceutical
3. IT-Software
4. Tele communication
The execution of securities is investigated with the assistance of figuring of beta and
relationship coefficient. The aftereffect of this examination will assist a speculator with
understanding about viable portfolio overseeing. The investigation will control the financial
specialists about contrast the execution of securities and market file and help to keep up their
blossoming portfolio
5.2 FINDINGS OF THE STUDY:
1. There is heavy future for interest in financial exchange in India as a decent number of the
Indian populace have not done their interest in this record, mindfulness battle has been
concurred out by about all offer market dealer or organizations.
2. Equalization to all area IT-programming division is discretionary to speculator to

contribute their cash as it yield back more come back with less hazard contrast with
additional parts.
3. The most probability holding area is banking segment so as its beta esteem is extra than +
1 so can tell that this part is appropriate just for forceful financial specialists.
4. Coming up next is the outline of aftereffect of connection coefficient and beta incentive as
indicated by area smart.
• When comes to banking segment out of three securities taken (SBI, AXIS, ICICI) SBI will
be increasingly best for the financial specialists as hazard is less assess to different securities
1. There is heavy future for interest in financial exchange in India as a decent number of the
Indian populace have not done their interest in this record, mindfulness battle has been
concurred out by about all offer market dealer or organizations.
2. Equalization to all area IT-programming division is discretionary to speculator to

contribute their cash as it yield back more come back with less hazard contrast with
additional parts.
3. The most probability holding area is banking segment so as its beta esteem is extra than +
1 so can tell that this part is appropriate just for forceful financial specialists.
4. Coming up next is the outline of aftereffect of connection coefficient and beta incentive as
indicated by area smart.
• When comes to banking segment out of three securities taken (SBI, AXIS, ICICI) SBI will
be increasingly best for the financial specialists as hazard is less assess to different securities.
5.3 SUGGESTIONS AND RECOMMENDATION

 BANKING SECTOR
This part stocks estimated for study have higher than reasonable association with the market
record, yet the beta qualities for all are upper than 1 which shows that this critical segment seeing
a larger number of swings than that of the market. The stocks can be principally picked by firm
stance financial specialists in their portfolios.
 PHARMACEUTICAL SECTOR
The connection coefficient is very sensible in this division and beta qualities are dissimilar to.
All the kind of financial specialists can put resources into this segment as indicated by their
hazard taking bent, since beta is variable from each scribbling.
 IT-SOFTWARE SECTOR
The organizations under the IT segment have pretty much equivalent finding. The level of
relationship between the content's and the market is normal as sparkling as negative; the all
organization have negative beta which involve that the contents have invigorated alongside the
file alongside there is a dependability in the profits. In this way, these stocks can be hauled out
by reasonable financial specialists who incline toward uniformity and conspicuousness.
 TELE - COMM SECTOR
The connection coefficient is very humble in this fragment and beta qualities are divergent. All
the kind of financial specialists can place in this division as indicated by their hazard taking
ability, since beta is differing from each lettering.
5.4. CONCLUSION
The examination is about the investigation of hazard and return of the picked securities. This
evaluation causes a speculator to settle on a choice whether he needs to get the stock dependent
on return and hazard the contributor can hold.
A connection investigation of a stock and a list causes a financial specialist to perceive the
development of stock in with respect to the record. A positive parallel is cautioning of
development of stock in same course as the file and a negative connection means that
development of the stock the opposite way.
The general objective of the investigation was to make accessible a helpful premise to the
financial specialist to have the capacity to pick the content to be incorporated into portfolio on
his hazard return taste and furthermore to influence them to know about the securities exchange
beginning.
BIBLIOGRAPHY
SL.NO BOOK NAME AUTHOR
1 Cost management M.N.Arora
2 financial management G.K Gupta
3 Performance Evaluation on Equity Dr.R.Narayanasamy
4 Security analysis and portfolio management V.K.Bhalla
5 Financial services Dr. S.Gurusamy
6 Performance Evaluation of selected indian equity Mr. Ashok Bantwa
Websites:
 www.nseindia.com
 www.moneycontrol.com
 www.rbi.org.in
 www.swastika.co.in
ANNEXURE:
Balance Sheet of Swastika Investment Mar 18 Mar-17 Mar-16 Mar-15

EQUITIES AND LIABILITIES
SHAREHOLDER'S FUNDS
Equity Share Capital 2.98 2.98 2.98 2.98
Total Share Capital 2.98 2.98 2.98 2.98
Reserves and Surplus 16.48 10.83 11.37 9.31
Total Reserves and Surplus 16.48 10.83 11.37 9.31
Total Shareholders Funds 19.46 13.82 14.35 12.29
NON-CURRENT LIABILITIES
Deferred Tax Liabilities [Net] 0 0.04 0.09 0.26
Long Term Provisions 0 0 0.18 0.1
Total Non-Current Liabilities 0 0.04 0.28 0.36
CURRENT LIABILITIES
Short Term Borrowings 26.88 9.73 6.17 14.13
Trade Payables 0.17 0.47 0.11 0.02
Other Current Liabilities 33.03 36.89 36.47 32.62
Short Term Provisions 4.21 1.93 3.34 1.88
Total Current Liabilities 64.28 49.03 46.08 48.65
Total Capital And Liabilities 83.74 62.89 60.71 61.3
ASSETS
NON-CURRENT ASSETS
Tangible Assets 3.3 3.43 3.37 3.1
Intangible Assets 0.58 0.58 0.56 0.63
Fixed Assets 3.88 4.01 3.93 3.73
Non-Current Investments 12.06 10.75 9.33 7.08
Deferred Tax Assets [Net] 0.02 0 0 0
Long Term Loans And Advances 1.81 1.76 1.81 1.84
Other Non-Current Assets 0.43 0.37 0.18 0.19
Total Non-Current Assets 18.2 16.89 15.25 12.85
CURRENT ASSETS
Inventories 0.54 1.57 1.41 1.27
Trade Receivables 35.47 37.25 36.14 40.62

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CHAPTER-1

In this affiliation it gives me a splendid opportunity to take in the working of an affiliation

2. INDUSTRY PROFILE AND COMPANY PROFILE

History of Indian Stock Exchange- The origin-Pre Independence

NATIONAL STOCK EXCHANGE (NSE)

1.1 COMPANY PROFILE

SUCCESS SUTRAS OF SWASTIKA

Mr. Vinod Gupta - Director

Mrs. Anita Nyati - Director

Mr. Vijay Kumar Chowdhary - Director - Marketing

Mr. Vinit Rathi - Vice President – Marketing

1.2 PRODUCTS / SERVICES PROFILE

Swastika hypotheses Registered Office in Mumbai and Administrative office at Indore

2.6 INFRASTRUCTURE FACILITIES

Name Terminals Sub-brokers No.of Employees No. of Branches

India bulls 3650 NA 5873 522

IIFL 173 179 NA 605

Angel 5756 568 284 NA

Geogith 627 247 343 314

Karvy 1700 1900 3910 581

Motilal Oswal 7923 890 2193 63

Reliance Money 2428 1494 142 314

FUTURE GROWTH AND PROSPECTS

• Further develop in circulation arrange the nation over.

• Known for straightforward working.

• Good research group to give data to customer.

• Dedicated and ability staff.

• Web and Mobile Based Trading Platform.

• Attractive financier plans contrast with contenders.

• Less entrance in country and semi-urban territories.

• The innovation being utilized isn't up to the standard.

• There is exacting and stringent SEBI technique.

• Limited number of branches.

• Target the provincial and sub urban zones.

• Growth in auxiliary market volumes.

• Changing mentality of clients towards securities exchange exchanging.

• Technological improvement are been adding to pull in more personals towards

• Increasing challenge concerning diminishing financier charges

• Company survival essentially relies on market patterns and customer's climate

1.10.FINANCIAL STATEMENT ANALYSIS

EQUITIES AND LIABILITIES

Cash And Cash Equivalents 24.37 4.59 4.87 4.32

PROFIT & LOSS ACCOUNT OF SWASTIKA INVESTMENT LTD.

Profit & Loss account of Swastika

12 mths 12 mths 12 mths 12 mths

Mar-18 Mar-17 Mar-16 Mar-15

12 mths 12 mths 12 mths 12 mths

Profit/Loss Before Exceptional,

Tax Expenses-Continued Operations

2.1.Theoretical background of the company:

 Bombay Stock Exchange (BSE):

CORRELATION AND BETA

The security return is, if (Daily basis)

3. Marc M. Kramer, Financial Advice and Individual Investor Portfolio Performance

5. Ooi, Joseph T L; Kim-Hiang Liow, Risk-Adjusted Performance of Real Estate Stocks:

8. Ahmad, Ashfaq; Ali, Mumtaz; Humayoun, Asad Afzal An Investigation Of Influence Of

9. Patari, Eero, Comparative Analysis Of Total Risk-Based Performance Measures, The

LIMITATIONS OF THE STUDY

= 43.16/24.22 (in cr.)

b) NET PROFIT RATIO

= (net profitability / net sales)*100

= Equity share capital / fixed interest bearing funds

4. DEBT – EQUITY RATIO