Data Analysis and Interpretations of Indian Stock Market Trends

CHAPTER NO.
5 DATA ANALYSIS AND INTERPRETATIONS
5.1 Introduction:
Research is useful for documenting existing public conditions,

characteristics of a work to be carried out, and public opinion. In this chapter,
one can find a blue print of the steps needed to conduct research using both the
primary and secondary data methods. Minutiae on reading different books,
novels and schedules are presented, along with a contrast of both methods for
different community-based situations. Collecting and studying data is not only
useful for immediate community development purposes, but it can also serve
the future of a community efforts by providing the reference point data needed
later to validate progress. More precisely, a research in literature is a method
of collecting data in a consistent, or systematic, way. This usually involves
constructing a set of methods that are either searched by means of a primary
data or through reading different novel and understanding the views of
different writers.
The researcher has notified all parties who were important from point of
view of research are intimated prior to conduct the research. The important
parties include guide, the people or friends and experts who were going to help
in conducting research were contacted and invited for meeting. Various
strategies have been decided on how to perform research and what tools and
techniques must be utilized to get best outcome from the research. Various
standards are decided while performing the activities of research. Guide have
played very vital role in giving the specifications for the research work.
141
5.2 Steps for conducting Research:
The following steps are intended as a general outline of the methods
generally used in conducting a research. Consideration of these steps is useful
in completing the research design before the actual research begins. An
overview of the steps involved in the research process is given in the following
diagram.
Figure No. 5.1 Steps followed for Conducting Research Analysis
Define Purpose of Research

Selection of location and Companies to study the trends
1) The research
is done to 1) For the Collection of the Data
analyze the purpose of the Planning the research Design
trend of Indian research Pune and research Method used.
Stock Market 1)Primary
City is selected. method of data Final Stage
with reference 150 investors 1)
to IPO collection is
from various used Questionnaire
institutes, method is used 1) Analysis of
2)Secondary Data
background
method of data 2) Interview
and knowledge Mthod is used. 2)
collection is
is considered. Interpretation
used
and report
writing is done
Source: As per the research study done by the researcher (Self Creation)
1) Define Purpose of Research:
Any research may it be conducted by researcher or any filed is done

with some purpose. The purpose of the research may be for acquiring
knowledge or for improving sales or showing trends depends upon the
researchers. In this case the research is an attempt to analyze the trend of
Indian Stock Market with reference to Initial Public Offering.
2) Selection of location and companies to study trends:
The next important step in the conducting research is selection of

location and companies to study trends which are included in the research
142
study by the researcher. For conducting research, researcher under the
guidance of guide and experts have selected Pune city to carry out the study of
the research and have gathered the data of the companies which have
introduced the IPO in last ten years.
3) Collection of Data:
Collection of data is next step in research. A perfect research designed

is tried to be framed in order to get definite plan determined before any data
are actually collected for obtaining source. Primary sources are original works
which give extra information and insight to the researcher. Primary sources
can be hard to understand without some knowledge of their context.
Questionaries’ have been designed in such way that detail information
regarding the investors can be obtained in very preside manner. Secondary
sources include statistical data, manuscript surveys, speeches, biographies,
diaries, oral histories, interviews work of art and literature research report
government documents.
4) Planning the Research Design and Research Method:
Once the data is collected, then next important step in the research is to
plan for the research design. It also includes deciding the research
methodology to be used to carry out the research. There is no data without a
theory, so researcher needs to stress the theoretical basis for his selection of
relevant data. However, the methodology of interpretation varies from person
to person, but each researcher has to specify his process of collecting and
analyzing data. Researcher has studied many research tools and reports
present in the various libraries. The important suggestion given by the guide
and expert people is taken into consideration for selecting best research design
and method. Many options of research design and method is verified and best
suitable option is selected and tested before implementing it for the purpose of
the research. It was then decided to collect data in very systematically way and
is arranged in order to meet the standard of research and get desired
knowledge and information from it. After collection of the data the researcher
go through it thoroughly and try to interpret it in her own way. The data is
presented with help of tables, percentage and graphs in very systematical way.
143
5. Final Stage:
After the data have been collected the researcher has analyzed them.
The researcher has done a number of closely related operations such as
establishment of categories, the application of these categories to raw data
through coding and then drawing statistical influences. The researcher
summarized cumbersome data into a few manageable groups for further
analysis. Thus, researcher has classified the raw data into some purposeful and
useable categories. The objectives of the research are accomplished by proving
the details and giving self-analyzed statement which are relevant from point of
view of research. The conclusion is given in details and scope for the further
study is also discussed at the end of the research report writing.
5.3 IPO’s Offered by Companies:
Table No. 5.1
IPOs
Years offered by % to total
Companies
2008-09 10 4.59
2009-10 35 16.06
2010-11 40 18.35
2011-12 22 10.09
2012-13 9 4.13
2013-14 6 2.75
2014-15 3 1.38
2015-16 24 11.01
2016-17 25 11.47
2017-18 44 20.18
Total 218 100
Source: As per the data taken from bseindia.com
Description of Table No. 5.1:
Table Number 5.1 shows the number of IPOs offered in 10 years from
2008-18, with 218 total companies and percentage to total. Researcher have
observed from above table that in 2017-18 highest IPOs where offered in the
market which contributes to 20.18% of the total number companies offered
144
IPOs in ten years. Whereas, in 2014-15 very a smaller number of IPOs where
offered in the market which just 1.38% of the total number companies offered
IPOs in ten years. If we observe the ten years data, we can interpret that the
trend of IPOs companies wise and years wise have being increasing only
exception are years 2011-15 in which very smaller number of IPOs where
introduced in the market.
Figure No. 5.2
IPOs offered by Companies

250
200
150
100
50
0
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Total
-09 -10 -11 -12 -13 -14 -15 -16 -17 -18
IPOs offered by Companies 10 35 40 22 9 6 3 24 25 44 218
Percentage to total (%) 4.59 16.0618.3510.09 4.13 2.75 1.38 11.0111.4720.18 100
Description of Figure 5.2:
From the above bar chart percentage change. It helps to understand the
trend of the IPO and the changes which takes as per the years-wise and count-
wise. The trend line shows upward trend in the number of companies going for
IPO.
145
5.4 Total Turnover of IPO Year-wise
Table No. 5.2

Total
Turnover
of IPO
Years
Year-
wise
(₹. Cr.)
2008-09 1601.95
2009-10 24153.9
2010-11 30642.77
2011-12 5185.59
2012-13 6284.47
2013-14 2120.08
2014-15 1258.68
2015-16 12265.85
2016-17 28396.17
2017-18 82357.4
Total 194266.86
Table Number 5.2 shows the number of IPOs offered and its total year-
wise turnover in 10 years from 2008-18, with 218 total companies and
percentage change. Researcher have observed from above table that in 2017-
18 highest IPOs where offered in the market which was ₹. 82357.40 cr. of the
total number companies offered IPOs in ten years. Whereas, in 2014-15 very a
smaller number of IPO where offered in the market which was just ₹. 1258.68
cr. of the total number companies offered IPOs in ten years. If we observe the
ten years data, we can interpret that the trend of IPOs turnover wise and years
wise have being increasing only exception are years 2011-15 in which very
smaller number of IPOs where introduced in the market.
146
Figure No. 5.3
Total Turnover of IPO Year-wise (Rs. Cr)

90000 82357.4
80000
70000
60000
50000
40000
30642.77 28396.17
30000 24153.9
20000 12265.85
10000 5185.59 6284.47
1601.95 2120.08 1258.68
0
Total Turnover of IPO Year-wise (Rs.)
2008-09 2009-10 2010-11 2011-12 2012-13

2013-14 2014-15 2015-16 2016-17 2017-18
A clustered column chart is used to compare values across a few

categories. In the above bar chart, we observe that in year 2017-18 turnover of
IPO was highest with ₹. 82357.40 cr. and in year 2014-15 it was lowest with ₹.
1258.68 cr. It is evident that turnover varies from year to year, very less time it
has achieved have turnover.
147
5.5 Comparison of Average issue price and Average closing Price
Table No.5.3
Average Issue Average Closing

Yea₹ Difference
Price ₹. Price ₹.
2008-09 139.5 159.12 19.62

197.0
2009-10 219.66 22.61
5
2010-11 211.7 246.24 34.54
2011-12 145.4 171.81 26.41
226.8
2012-13 242.66 15.78
8
2013-14 276 303.2 27.2
219.6
2014-15 264.05 44.39
6
344.6
2015-16 382.39 37.73
6
2016-17 435.6 528.82 93.22
520.0
2017-18 582.65 62.59
6
2716.
Total 3100.6 384.09
51
Table Number 5.3 shows the average issue price and closing price and
its difference, total year-wise in 10 yea₹ from 2008-18, with 218 total
companies and percentage to total. Researcher has observed from above table
that in 2017-18 highest average closing price was offered in the market which
was ₹. 582.65 and the difference between average issue price and closing price
was ₹. 62.59. Whereas, in 2008-09 very a smaller number of average closing
price was offered in the market which was just ₹. 159.12, and the difference
between average issue price and closing price was ₹. 19.62. If we observe the
ten years data, we can interpret that the trend of average prices, years wise
have being increasing only exception are years 2012-15 in which very smaller
number of differences was observed in the market.
148
Figure No. 5.4
700
600
500
400
300
200
100
0
2008- 2009- 2010- 2011- 2012- 2013- 2014- 2015- 2016- 2017-
09 10 11 12 13 14 15 16 17 18
Average Issue Price Rs. 139.5 197.05 211.7 145.4 226.88 276 219.66 344.66 435.6 520.06
Average Closing Price Rs. 159.12 219.66 246.24 171.81 242.66 303.2 264.05 382.39 528.82 582.65
Difference 19.62 22.61 34.54 26.41 15.78 27.2 44.39 37.73 93.22 62.59
Average Issue Price Rs. Average Closing Price Rs.

Difference Linear (Average Closing Price Rs.)
A clustered column chart is used to compare values across a few

categories. In the above bar chart, we observe that in year 2017-18 prices was
highest with ₹. 582.65 and in year 2008-09 it was lowest with ₹.159.12. It is
evident that prices vary from year to year; very less time it has achieved have
high pricing.
5.6 Part A: Profile Gender wise Investors
Table No. 5.4
Gender Investors % to
total
(%)
Male 113 75.33
Female 37 24.67
Total 150 100
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Table Number 5.4 shows the gender, investors which are situated in the
Pune city with 150 sample and percentage change in investors. Gender is
divided in to two categories male and female. Overall it can be seen that male
category is higher than female category in both the respondents.
The male gender has the highest investors 113 and is 75.33% of the
total sample. Whereas, female gender has only 37 respondents and is 24.67%
of the total sample it is lower than the male gender. It is clearly seen that
respondent and percentage change in respondent substantially varies across the
gender. It also shows that male gender is almost 3 times higher than the female
gender.
Figure 5.5
Gender
Female
25%
Male
75%
Male Female
According to figure 5.5, the pie chart denotes the percentage to total of
gender. It shows that over three quarter of officer bearer questioned in this
survey is male. The male is highest with 75% of total sample and female is
lowest with 25% of total sample.
Conclusion:
In conclusion, it is evident that a large portion of investors are male. It

can be also seen that very a smaller number of females are engaged in the
profession with compared to male. So, from above observation it can be
concluded that males are more involved into investment than the women.
150
5.7 Educational Background of respondent
Table No. 5.5:
Educational Investors % to
Background total (%)
Below SSC 19 12.67

SSC 24 16.00
HSC 33 22.00
Bachelor 58 38.67
Degree
Other 16 10.67
Total 150 100
Table Number 5.5 shows the educational background, respondent

which is situated in the Pune city with 150 sample and percentage to total.
Educational background is divided in to five categories below SSC, SSC,
HSC, Bachelor Degree and other. Overall it can be seen that most of investors
are Bachelor degree holder and is higher than other category in case of
respondent.
The investors with bachelor degree have the highest respondent 58 and
are 38.67% of the total sample. Whereas, below SSC, SSC, HSC, and other
have 19, 24, 33 and 16 respondent and is 12.67%, 16%, 22% and 10.67% of
the total sample respectively and it is lower than the bachelor degree. It is
clearly seen that respondent and percentage change in respondent considerable
varies across the educational background. It also shows that bachelor degree
holders are almost 2 times higher than the any other category.
151
Figure No. 5.6
Educational Background of Respondent 2

45%
40%
35% 38.67%
30%
25%
20% 22.00%
15%
16.00%
10% 12.67%
10.67%
5%
0%
Below SSC SSC HSC Bachelor Degree Other
According to figure 5.6, the bar graph represents the percentage to total
of educational background of respondent. It shows that over 2 quarter of
investors questioned in this survey is bachelor degree holders. The bachelor
degree is highest with 38.67% of total sample and others are lowest with
10.67% of total sample. Whereas, below SSC, SSC, and HSC are with
12.67%, 16% and 22% respectively of total sample.
Conclusion:
In conclusion, it is evident that a large portion of investors are bachelor

degree holder. It can be also seen that very a smaller number of investors are
in the other categories. So, from above observation it can be concluded that in
Pune city there is well educated investors.
152
5.8 Monthly Income group of Respondents
Table No. 5.6:
Monthly Respondent % to total

Income (%)
Group
10000- 13 8.67
20000
20000- 29 19.33
30000
30000- 45 30.00
40000
Above 63 42.00
500000
Total 150 100
Table Number 5.6 shows the Monthly Income Group, respondent

which is situated in the Pune city with 150 sample and percentage to total.
Income Group is divided in to four categories 10000-20000, 20000-30000,
30000-40000 and above 50000. Overall it can be seen that most of investors
are having income above 50000 and is higher than other category in case of
respondent.
The investors above 50000 have the highest respondent 63 and are 42%
of the total sample. Whereas, 10000-20000, 20000-30000, 30000-40000 have
13, 29 and 45 respondent and is 8.67%, 19.33% and 30% of the total sample
respectively and it is lower than the above 50000 categories. It is clearly seen
that respondent and percentage change in respondent considerable varies
across the income group. It also shows that above 50000 income group is
almost 2 times higher than the any other category.
153
Figure No. 5.7
RANGE OF INCOME
45%
40% 42.00%
35%
30%
30.00%
25%
20%
19.33%
15%
10%
5% 8.67%
0%
10000-20000 20000-30000 30000-40000 ABOVE 500000
of income group of respondents. It shows that over 2 quarter of investors
questioned in this survey is above 50000 monthly income groups. The
category above 50000 monthly groups is highest with 42% of total sample and
10000-20000 monthly income groups are lowest with 8.67% of total sample.
Whereas, the categories with 20000-30000 and 30000-40000 are with 19.33%
and 30% respectively of total sample.
Conclusion:
In conclusion, it is evident that a large portion of investors are above

50000 monthly income group. It can be also seen that very a smaller number
of investors are in the 10000-20000 categories. So, from above observation it
can be concluded that in Pune city most of the investors are from above 50000
monthly income group.
154
5.9 Respondents experience in years
Table No. 5.7:
No. of Years Respondent % to

total (%)
1 to 5 years 40 26.67
6 to 10 years 63 42.00
More than 10 47 31.33

years
Total 150 100
Table Number 5.7 shows the Tenure of the Investors, respondent which
is situated in the Pune city with 150 sample and percentage to total. Tenure in
number of years is divided in to three categories 1 to 5 years, 6 to 10 years and
more than 10 years. Overall it can be seen that most of investors are having 6
to 10years of experience in the stock market and is higher than other category
in case of respondent.
The investors with experience of 6 to 10 years have the highest

respondent 63 and are 42% of the total sample. Whereas, 1-5 years and more
than 10 years have 40 and 47 respondent and is 26.67% and 31.33% of the
total sample respectively and it is lower than the 6 to 10 years category. It is
clearly seen that respondent and percentage change in respondent considerable
varies across the tenure of experience. It also shows that since 6 to 10years is
155
Figure No. 5.8
NUMBER OF YEARS
50%
40%
42.00%
30%
31.33%
20% 26.67%
10%
0%
1 to 5 years 6 to 10 years More than 10 years
of experience of investors. It shows that over 2 quarter of investors questioned
in this survey are 6 to 10 years of experience. The category 6 to 10 years is
highest with 42% of total sample and 1 to 5 years’ experience is lowest with
26.67% of total sample. Whereas, more than 10 years’ experience is with
31.33% of total sample.
Conclusion:
In conclusion, it is evident that a large portion of investors have 6 to 10

years of experience. It can be also seen that very a smaller number of investors
are in the 1 to 5-year categories. So, from above observation it can be
concluded that in Pune city most of the investors are having good experience
at least of 6 to 10 years and they are trading in IPOs since long time.
156
5.10 Investors Avenues
Table No. 5.8:
You currently have investment in which of following investment

avenues?
Investment Respondent % to total

Avenues (%)
Bank and 42 28.00

Deposits
Mutual 30 20.00
Funds
Insurance 33 22.00
Equity or 28 18.67
Share
Market
Derivatives, 14 9.33
Commodities
and Forex
Others 3 2.00
Total 150 100
Table Number 5.8 shows the Investment Avenues of the Investors,

respondent which is situated in the Pune city with 150 sample and percentage
to total. Investment Avenues is divided in to six categories Bank & Deposit,
Mutual Fund, Insurance, Equity or Share Market, Derivatives, Commodities &
Forex and other. Overall it can be seen that most of investors are having their
investment done in Bank & Deposit and is higher than other category in case
of respondent.
The investors with investment avenues in Bank and Deposit have the
highest respondent 42 and are 28% of the total sample. Whereas, Mutual Fund,
Insurance, Equity or Share Market, Derivatives, Commodities & Forex and
other have 30, 33, 28, 14 and 3 respondent and is 20%, 22%, 18.67%, 9.33%
157
and 2% of the total sample respectively and it is lower than the Bank &
Deposit category. It is clearly seen that respondent and percentage change in
respondent considerable varies across the investment avenues. It also shows
that Bank & Deposit is almost 2 times higher than the any other category.
Figure No. 5.9
Investors Avenues
100%
90%
80%
70%
60%
50%
40%
30% 42%
20% 30% 33%
28%
10% 14% 3%
0%
Derivatives
Equity or
Bank and Mutual ,
Insurance Share Others
Deposits Funds Commoditi
Market
es and
Forex
Respondent 42 30 33 28 14 3
of Investment Avenues. It shows that over 2 quarter of investors questioned in
this survey have done investment in Bank & Deposit. The category Bank and
Deposit is highest with 28% of total sample and other investment avenue is
lowest with 3% of total sample. Whereas, Mutual Fund, Insurance, Equity or
Share Market, Derivatives and Commodities & Forex with 20%, 22%, 18.67%
and 9.33% respectively of total sample.
Conclusion:
In conclusion, it is evident that a large portion of investors have done

their investment in Bank & Deposit. It can be also seen that very a smaller
number of investors are doing investment in other avenues. So, from above
observation it can be concluded that in Pune city most of the investors have
done their investment in the Bank & Deposit.
158
5.11 Categories of Risk taken by Respondents
Table No. 5.9:
In which of the following categories of fund do you choose

to invest most?
% to
Categories Respondent total
(%)
Low
Risky 70 46.67
Funds
Moderate
Risky 45 30
Funds
High
Risky 35 23.33
Funds
Total 150 100
Table Number 5.9 shows the Categories of Funds chosen by the

Investors, respondent which is situated in the Pune city with 150 sample and
percentage to total. Categories of funds are divided in to three categories Low
Risky Funds, Moderate Risky Funds and High Risky Funds. Overall it can be
seen that most of investors are having their investment done in low risky funds
and is higher than other category in case of respondent.
The investors with low risky fund have the highest respondent 70 and
are 46.67% of the total sample. Whereas, moderate and high risky funds have
45 and 35 respondent and is 30% and 23.33% of the total sample respectively
and it is lower than the low risky fund category. It is clearly seen that
respondent and percentage change in respondent considerable varies across the
categories of fund in measures of risk. It also shows that low risky fund is
159
Figure No. 5.10
CATEGORIES OF RISK
High Risky Funds 23.33%
Moderate Risky Funds 30.00%
Low Risky Funds 46.67%
0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50%

Hundreds
According to figure 5.10, the bar graph represents the percentage to

total of categories of fund in context to risk. It shows that over 2 quarter of
investors questioned in this survey have done investment in low risky fund.
The category low risky fund is highest with 46.67% of total sample and high
risky fund is lowest with 23.33% of total sample. Whereas, moderate risky
fund is with 30% of total sample.
Conclusion:
In conclusion, it is evident that a large portion of investors have done

their investment in low risky fund. It can be also seen that very a smaller
number of investors are doing investment in high risky fund. So, from above
observation it can be concluded that in Pune city most of the investors have
done their investment in the low risky funds.
160
5.12 Agreement the statement “High risk means more chance of getting
high profit and low risk means less chance of getting low profit?
Table No. 5.10:
Do you agree with the statement “High risk means more chance of
getting high profit and low risk means less chance of getting low
profit?”
Agreement Respondent % to total

(%)
Strongly 65 43.33
Agree
Agree 35 23.33
Can’t say 9 6.00
Disagree 29 19.33
Strongly 12 8.00
Disagree
Total 150 100
Table number 5.10 shows agreement and disagreement regarding the

statement “High risk means more chance of getting high profit and low risk
means less chance of getting low profit”, respondent out of sample of 150 and
percentage to total. The opinion of investors is divided into 5 categories
strongly agree, agree, neutral, disagree and strongly disagree. Overall it can be
seen that the investors strongly agree with the fact and it is highest among the
other category.
The investors with opinion of strongly agree have 65 respondent and is

43.33% of the total sample and is highest among the category. Whereas,
investors with opinion of agree, neutral, disagree and strongly disagree have
35, 9, 29 and 12 respondents and is 23.33%, 6.00%, 19.33% and 8% of the
total sample respectively. It is clearly seen that respondent and percentage
change in respondent considerably varies across the opinion given by the
investors regarding the statement. It also shows that there is much different in
161
between agree and strongly agree. Can’t say category have lowest respondent
and percentage of the total sample.
Figure No. 5.11
AGREEMENT
43.33%
50%
45%
40%
35%
23.33%
30%
19.33%
25%
20%
8.00%
15% 6.00%
10%
5%
0%
STRONGLY AGREE CAN’T SAY DISAGREE STRONGLY
AGREE DISAGREE

total of opinion of the investors regarding statement given in the table. The
investors with strongly agree opinion is highest with 43.33% of total sample
and can’t say is lowest with 6% of the total sample. Whereas, strongly agree,
disagree, strongly disagree have 23.33%, 29% and 12% respectively.
Conclusion:
In conclusion, it is evident that a large portion of investors strongly

agree with statement that “High risk means more chance of getting high profit
and low risk means less chance of getting low profit”.
162
5.13 Percentage change in opinion of investors
Table No. 5.11:
Should investors opt for the loans and advances for the purpose
of investing them in Financial Markets?
Particular Respondent % to total

(%)
Yes 35 23.33
No 115 76.67
Total 150 100
Table Number 5.11 shows the view of investors about opting for the
loans and advances for the purpose of investing them in Financial Markets,
responded out of sample of 150 and percentage to total. The response is
divided into 2 groups, yes and no. Overall it can be seen that investors have
more negative response to the above fact and is higher than positive response.
The investors with view that opting for the loans and advances for the
purpose of investing them in Financial Markets have highest respondent 115
and is 76.67% of total sample. Whereas, yes response respondent is less than
no response and yes have 35 respondents and is only 23.33% of total sample.
It is clearly seen that respondent and percentage change in respondent
considerable varies across the views of the investors. It also shows that no
respondent is nearly four times then the yes respondent.
163
Figure No. 5.12
Percentage change in
opinion of Investors
Yes
23%
No
77%
According to figure 5.12, the pie chart represents the opinion of

investors regarding opting for the loans and advances for the purpose of
investing them in Financial Markets. It shows that over three quarter of
investors questioned in this survey is of negative view. The investors who are
of view no is highest with 76.67% of total sample and with yes is lowest with
23.33% of total sample.
Conclusion:
In conclusion, it is evident that a large portion of investors feel that
opting for the loans and advances for the purpose of investing them in
Financial Markets is never suggested. So, from above observation it can be
concluded that in Pune city investors are of negative opinion in regarding to
the opting for the loans and advances for the purpose of investing them in
Financial Markets.
164
5.14 Frequency of trade in primary market
Table No. 5.12:
How frequently do you trade in primary market?
Frequency Respondent % to total

(%)
Always 56 37.33
Frequently 46 30.67
Occasionally 26 17.33
Rarely 21 14.00
Never 1 0.67
Total 150 100
Table Number 5.12 shows the frequency of trade in the primary

market, respondent which is situated in the Pune city with 150 sample and
percentage to total. Frequency of trade is divided in to five categories always,
frequently, occasionally, rarely and never. Overall it can be seen that most of
investors are always trading in primary market and is higher than other
category in case of respondent.
The investors always trading in the primary market have the highest
respondent 56 and are 37.33% of the total sample. Whereas, frequently,
occasionally, rarely and never have 46, 26, 21 and 1 respondent and is 30.67%,
17.33%, 14% and 0.67% of the total sample respectively and it is lower than
the always category. It is clearly seen that respondent and percentage change
in respondent considerable varies across the frequency of trade in primary
market. It also shows that always category is almost 2 times higher than the
any other category.
165
Figure No. 5.13
Frequency of Trade in Primary Market

100
90
80
70
60
50
40
30 37.33%
30.17%
20
10 17.33%
14.00 0.67%
0
Always Frequently Occasionally Rarely Never

total of frequency of the trading in the primary market. It shows that over 2
quarter of investors questioned in this survey always do trading in the primary
market. The category always is highest with 37.33% of total sample and never
category is lowest with 0.67% of total sample. Whereas, frequently,
occasionally, and rarely is with 30.67%, 17.33% and 14% respectively of total
sample.
Conclusion:
In conclusion, it is evident that a large portion of investors always do

trading in the primary market. It can be also seen that very a smaller number of
investors are doing investment in primary market. So, from above observation
it can be concluded that in Pune city most of the investors always do trading in
the primary market.
166
5.15 Problems faced by Investors
Table No. 5.13:
What problems do the investors face while applying in IPOs?

(%)
Delay in
receipt of
68 45.33
refund/
allotment
Application
form too
confusing
and 33 22.00
lengthy
process.
Shares are
not
39 26.00
credited in
demat
account.
Any Other 10 6.67
Total 150 100
Table Number 5.13 shows the problems faced by the investors while
applying in IPOs, respondent which is situated in the Pune city with 150
sample and percentage to total. Problems are divided in to four categories
delay in receipt of refund/allotment, application form too confusing & lengthy
process, shares are not credited in demat account and any others. Overall it can
be seen that most of investors face problem in delay in receipt of
refund/allotment and is higher than other category in case of respondent.
The problem faced by investors delay in receipt of refund/ allotment

have the highest respondent 68 and is 45.33% of the total sample. Whereas,
167
application form too confusing & lengthy process, shares are not credited in
demat account and any others have 33, 39 and 10 respondent and is 22%, 26%
and 6.67% of the total sample respectively and it is lower than the first
category. It is clearly seen that respondent and percentage change in
respondent considerable varies across the problems faced by investors while
applying in IPOs. It also shows that first problem is almost 2 times higher than
the any other category.
Figure No. 5.14

total of problems face by the investors while applying for the IPOs. It shows
that over 2 quarter of investors questioned in this survey face problem of delay
in receipt of refund/allotment. The problem in delay in receipt pf
refund/allotment is highest with 45.33% of total sample and any other problem
is lowest with 6.67% of total sample. Whereas, application form too confusing
& lengthy process and shares are not credited in demat account are with 22%
and 26% respectively of total sample.
168
Conclusion:
In conclusion, it is evident that a large portion of investors face

problem in the delay in receipt of refund/allotment. It can be also seen that
very a smaller number of investors face any other problem. So, from above
observation it can be concluded that in Pune city most of the investors face the
serious problem of delay in payments/allotments.
5.16 Percentage change in opinion of investors

Table No. 5.14:
Do you know that SEBI has allowed mandatory credit rating for
IPOs?

(%)
Yes 115 76.67
No 35 23.33
Total 150 100
Table Number 5.14 shows the view of investors about SEBI has
allowed mandatory credit rating for IPOs, responded out of sample of 150 and
percentage to total. The response is divided into 2 groups, yes and no. Overall
it can be seen that investors have more positive response to the above fact and
is higher than positive response.
The investors with view that SEBI has allowed mandatory credit rating
for IPOs have highest respondent 115 and are 76.67% of total sample.
Whereas, no response respondent is less than yes response and no have 35
respondent and is only 23.33% of total sample. It is clearly seen that
respondent and percentage change in respondent considerable varies across the
views of the investors. It also shows that no respondent is nearly four times
then the yes respondent.
169
Figure No. 5.15
PERCENTAGE CHANGE
IN OPINION OF
INVESTORS
No
23%
Yes
77%

investors regarding SEBI has allowed mandatory credit rating for IPOs. It
shows that over three quarter of investors questioned in this survey is of
positive view. The investors who are of view yes is highest with 76.67% of
total sample and with no is lowest with 23.33% of total sample.
Conclusion:
SEBI has allowed mandatory credit rating for IPOs is always suggested. So,
from above observation it can be concluded that in Pune city investors are of
positive opinion in regarding to the SEBI has allowed mandatory credit rating
for IPOs.
170
5.17 SEBI would protect the interest of the Investors?
Table No. 5.15:
If yes, do you agree that decision of SEBI would protect the

interest of the investors?
Agreement Respondent % to total

(%)
Strongly 65 43.33
Agree
Agree 35 23.33
Can’t say 9 6.00
Disagree 29 19.33
Strongly 12 8.00
Disagree
Total 150 100
Table number 5.15 shows agreement and disagreement regarding the

decision of SEBI to protect the interest of the investors, respondent out of
sample of 150 and percentage to total. The opinion of investors is divided into
5 categories strongly agree, agree, neutral, disagree and strongly disagree.
Overall it can be seen that the investors strongly agree with the fact that
decision of SEBI to protect the interest of the investors is right and it is highest
among the other category.

investors with opinion of agree, neutral, disagree and strongly disagree have
35, 9, 29 and 12 respondents and is 23.33%, 6.00%, 19.33% and 8% of the
total sample respectively. It is clearly seen that respondent and percentage
change in respondent considerably varies across the opinion given by the
investors regarding the decision of SEBI to protect the interest of the investors.
It also shows that there is much different in between agree and strongly agree.
Can’t say category have lowest respondent and percentage of the total sample.
171
Figure No. 5.16
Agreement
50%
45% 43.33%
40%
35%
30%
25% 23.33%
19.33%
20%
15%
10% 8.00%
6.00%
5%
0%
Strongly Agree Agree Can’t say Disagree Strongly Disagree

total of opinion of the investors regarding the decision of SEBI to protect the
interest of the investors. The investors with strongly agree opinion is highest
with 43.33% of total sample and can’t say is lowest with 6% of the total
sample. Whereas, strongly agree, disagree, strongly disagree have 23.33%,
29% and 12% respectively.
Conclusion:

agree with statement that decision of SEBI to protect the interest of the
investors is right.
172
5.18 Problems faced by the Investors in Primary Market
Table No. 5.16:
What are the problems faced by the investors in the primary

markets?

(%)
Non-receipt 22 14.67
of IPO
refunds
Inadequate 28 18.67
disclosures
Favors 45 30.00
institutional
investors
only
Non- 16 10.67
availability
of collection
centers
Price issues 29 19.33
as
premiums
and
discounts
Others 10 6.67
Total 150 100
Table Number 5.16 shows the problems faced by the investors in

primary market, respondent which is situated in the Pune city with 150 sample
and percentage to total. Problems are divided in to six categories non-receipt
of IPO refund, inadequate disclosures, favors institutional investors only, non-
availability of collection center, prices issue as premium and discount and
others. Overall it can be seen that most of investors face problem of favoring
173
institutional investors only and is higher than other category in case of
respondent.
The problem faced by investors favoring the institutional investors only

have the highest respondent 45 and is 30% of the total sample. Whereas, non-
receipt of IPO refund, Inadequate disclosures, non-availability of collection
center, prices issue as premium and discount and any others have 22, 28,16, 29
and 10 respondent and is 14.67%, 18.67%. 10.67%, 19.33% and 6.67% of the
total sample respectively and it is lower than the first category. It is clearly
seen that respondent and percentage change in respondent considerable varies
across the problems faced by investors in primary market. It also shows that
first problem is almost 3 times higher than the any other category.
Figure No. 5.17
Problems Faced by the Investors in

Primary Market
OTHERS 6.67%
PRICE ISSUES AS PREMIUMS AND

19.33%
DISCOUNTS
NON-AVAILABILITY OF COLLECTION
10.67%
CENTERS
FAVORS INSTITUTIONAL INVESTORS

30.00%
ONLY
INADEQUATE DISCLOSURES 18.67%
NON-RECEIPT OF IPO REFUNDS 14.67%
0% 5% 10% 15% 20% 25% 30% 35%

total of problems face by the investors in primary market. It shows that over 3
quarter of investors questioned in this survey face problem of favoring
institutional investors only. The problem in favoring institutional investors
only is highest with 30% of total sample and any other problem is lowest with
174
6.67% of total sample. Whereas, non-receipt of IPO refund, Inadequate
disclosures, non-availability of collection center, prices issue as premium and
discount are with 18.67%, 10.67% and 19.33% respectively of total sample.
Conclusion:
In conclusion, it is evident that a large portion of investors face

problem of favoring the institutional investors only. It can be also seen that
very a smaller number of investors face any other problem. So, from above
observation it can be concluded that in Pune city most of the investors are of
opinion that primary market is always in favor of the institutional investors
only.
5.19 Satisfaction level of Investors

Table No. 5.17:
Are you satisfied with the present system of Book Building wherein
a price band is fixed for an IPO in which free pricing is allowed?

(%)
Highly 48 32.00
satisfied
Satisfied 28 18.67
Can’t say 37 24.67
Dissatisfied 20 13.33
Highly 17 11.33
dissatisfied
Total 150 100
Table Number 5.17 shows the opinion of investors in regards with the
present system of Book Building wherein a price band is fixed for an IPO in
which free pricing is allowed, respondent which is situated in the Pune city
with 150 sample and percentage to total. The opinions are divided in to five
categories highly satisfied, satisfied, can’t say, dissatisfied and high
175
dissatisfied. Overall it can be seen that most of investors is highly satisfied
with the present system of Book Building wherein a price band is fixed for an
IPO in which free pricing is allowed and is higher than other category in case
of respondent.
The opinion of investors in regarding highly satisfied has the highest

respondent 48 and is 32% of the total sample. Whereas, satisfied, can’t say,
dissatisfied and highly dissatisfied have 2, 37, 20 and 17 respondents and is
18.67%, 24.67%, 13.33% and 11.33% of the total sample respectively and it is
lower than the first category. It is clearly seen that respondent and percentage
to total in respondent considerable varies across with the present system of
Book Building wherein a price band is fixed for an IPO in which free pricing
is allowed. It also shows that first opinion is almost 3 times higher than the any
other category.
Figure No. 5.18
Satisfaction Level of Investors

35% 32.00%
30%
24.67%
25%
18.67%
20%
15% 13.33%
11.33%
10%
5%
0%
Highly satisfied Satisfied Can’t say Dissatisfied Highly dissatisfied

total of opinion with the present system of Book Building wherein a price band
is fixed for an IPO in which free pricing is allowed. It shows that over 3
quarter of investors questioned in this survey is highly satisfied. The opinion
with highly satisfied is highest with 32% of total sample and highly
dissatisfied is lowest with 13.33% of total sample. Whereas, opinion satisfied,
can’t say and dissatisfied are with 18.67%, 24.67% and 13.33% respectively of
total sample.
176
Conclusion:
In conclusion, it is evident that a large portion of investors highly

satisfied with the present system of Book Building wherein a price band is
fixed for an IPO in which free pricing is allowed. It can be also seen that very
a smaller number of investors are highly dissatisfied. So, from above
observation it can be concluded that in Pune city most of the investors are of
opinion that they are highly satisfied with the present system of Book Building
wherein a price band is fixed for an IPO in which free pricing is allowed.
5.20 Institute that are Responsible

Table No. 5.18:
Which option do you consider more responsible for disclosures in

offer documents?

(%)
Company 25 16.67
Management
Credit 15 10.00
Rating
Agency
Merchant 29 19.33
Bankers
Stock 35 23.33
Exchanges
SEBI 20 13.33
Registrar of 16 10.67
Companies
Others 10 6.67
Total 150 100
177
Table Number 5.18 shows the responsibility of the institution towards

the investors, respondent which is situated in the Pune city with 150 sample
and percentage to total. The responsibilities are divided in to seven categories
company management, credit rating agencies, merchant bankers, stock
exchanges, SEBI, registrar of companies and others. Overall it can be seen that
most of investor’s stock exchanges are responsible and is higher than other
The stock exchange category has the highest respondent 35 and is

23.33% of the total sample. Whereas, company management, credit rating
agencies, merchant bankers, SEBI, registrar of companies and others have 25,
15, 29, 20, 16 and 10 respondent and is 16.67%, 10%, 19.33%, 13.33%,
10.67% and 6.67% of the total sample respectively and it is lower than the first
category. It is clearly seen that respondent and percentage to total considerable
varies across responsibilities of institution. It also shows that first opinion is
Figure No. 5.19
INSTITUTE THAT ARE RESPONSIBLE

Company Management Credit Rating Agency Merchant Bankers
Stock Exchanges SEBI Registrar of Companies
Others
23.33%
7%
13% 11%
25%
19.33%
20% 16.67%
15%
10.00%
10%
5%
0%
2
178

total of responsibilities of institution towards the investors. It shows that over 3
quarter of investors questioned in this survey are of opinion that stock
exchange is more responsible for the disclosures of document. The opinion
that stock exchange is more responsible is highest with 23.33% of total sample
and others category is lowest with 6.67% of total sample. Whereas, opinion
that company management, credit rating agencies, merchant bankers, SEBI,
and registrar of companies responsible is with 16.67%, 10%, 19.33%, 13.33%,
and 10.67% respectively of total sample.
Conclusion:
In conclusion, it is evident that a large portion of investors are of

opinion that stock exchanges are more responsible for the disclosure of the
document. It can be also seen that very a smaller number of investors are of
opinion others being responsible. So, from above observation it can be
concluded that in Pune city most of the investors are of opinion that stock
exchanges are more responsible for disclosures in offer documents.
5.21 Agreement on the safeguard the interest of Investors

Table No. 5.19:
Do you agree that a Middle man of the IPOs should safeguard the
interest of investors in an IPO and ensure proper disclosures by the
company?

(%)
Strongly Agree 65 43.33
Agree 35 23.33
Can't Say 9 6
Disagree 29 19.33
Strongly 12 8
Disagree
Total 150 100
179
Table number 5.19 shows agreement and disagreement regarding a

Middle man of the IPOs should safeguard the interest of investors in an IPO
and ensure proper disclosures by the company, respondent out of sample of
150 and percentage to total. The opinion of investors is divided into 5
categories strongly agree, agree, can’t say, disagree and strongly disagree.
Overall it can be seen that the investors strongly agree with the fact that
decision of SEBI to protect the interest of the investors is right and it is highest
among the other category.

investors with opinion of agree, can’t say, disagree and strongly disagree have
35, 9, 29 and 12 respondents and are 23.33%, 6.00%, 19.33% and 8% of the
total sample respectively. It is clearly seen that respondent and percentage to
total respondent considerably varies across the opinion given by the investors
regarding a Middle man of the IPOs should safeguard the interest of investors
in an IPO and ensure proper disclosures by the company. It also shows that
there is much different in between agree and strongly agree. Can’t say
category have lowest respondent and percentage of the total sample.
Figure No. 5.20
Agreement on the Safeguard the Interest of Investors

50%
43.33%
45%
40%
35%
30%
23.33%
25%
19.33%
20%
15%
10% 8.00%
6.00%
5%
0%
Strongly Agree Agree Can't Say Disagree Strongly Disagree
180

total opinion of the investors regarding Middle man of the IPOs should
safeguard the interest of investors in an IPO and ensure proper disclosures by
the company. The investors with strongly agree opinion is highest with
43.33% of total sample and can’t say is lowest with 6% of the total sample.
Whereas, strongly agree, disagree, strongly disagree have 23.33%, 29% and
12% respectively.
Conclusion:

agree with a Middle man of the IPOs should safeguard the interest of investors
in an IPO and ensure proper disclosures by the company.
5.22 Aware of Securities Market Awareness Campaign (SMAC)

launched by SEBI
Table No. 5.20:
Are you aware of Securities Market Awareness Campaign

(SMAC) launched by SEBI for educating the masses through
organizing investors’ workshops?
Particulars Respondent % to total
Yes 108 72.00
No 42 28.00
Total 150 100
Table Number 5.20 shows the view of investors about Securities

Market Awareness Campaign (SMAC) launched by SEBI for educating the
masses through organizing investors’ workshops, responded out of sample of
150 and percentage to total. The response is divided into 2 groups, yes and no.
181
Overall it can be seen that investors have more positive response to the above
fact and is higher than positive response.
The investors with view that Securities Market Awareness Campaign
(SMAC) launched by SEBI for educating the masses through organizing
investors’ workshops have highest respondent 108 and is 72% of total sample.
Whereas, no response respondent is less than yes response and no have 42
respondent and is only 28% of total sample. It is clearly seen that respondent
and percentage to total considerable varies across the views of the investors. It
also shows that yes respondent is nearly four times then the no respondent.
Figure No. 5.21
Response from
Investors
No
28%
Yes
No
Yes
72%

investors regarding Securities Market Awareness Campaign (SMAC) launched
by SEBI for educating the masses through organizing investors’ workshops. It
shows that over three quarter of investors questioned in this survey is of
positive view. The investors who are of view yes is highest with 72% of total
sample and with no is lowest with 28% of total sample.
182
Conclusion:
Securities Market Awareness Campaign (SMAC) launched by SEBI for
educating the masses through organizing investors’ workshops is always
suggested. So, from above observation it can be concluded that in Pune city
investors are of positive opinion in regarding to the Securities Market
Awareness Campaign (SMAC) launched by SEBI for educating the masses
through organizing investors’ workshops.
5.23 Attendance of Workshop organized by SEBI/ Stock Exchange

Table No. 5.21:
If yes, have you attended any workshop organized by any Stock

Exchange/SEBI or any other regulatory body under SMAC?
Particulars Respondent % to total
Yes 89 59.33
No 61 40.67
Total 150 100
Table Number 5.21 shows the view of investors about attending any
workshop organized by any Stock Exchange/SEBI or any other regulatory
body under SMAC, responded out of sample of 150 and percentage to total.
The response is divided into 2 groups, yes and no. Overall it can be seen that
investors have more positive response to the above fact and is higher than
positive response.
The investors with view about attending any workshop organized by
any Stock Exchange/SEBI or any other regulatory body under SMAC have
highest respondent 89 and are 59.33% of total sample. Whereas, no response
respondent is less than yes response and no have 61 respondent and is only
40.67% of total sample. It is clearly seen that respondent and percentage to
183
total considerable varies across the views of the investors. It also shows that
yes respondent is nearly four times then the no respondent.
Figure No. 5.22
Response from
Investors
No
41% Yes
59%
Yes No

investors regarding attending any workshop organized by any Stock
Exchange/SEBI or any other regulatory body under SMAC. It shows that over
three quarter of investors questioned in this survey is of positive view. The
investors who are of view yes is highest with 60% of total sample and with no
is lowest with 40% of total sample.
Conclusion:
In conclusion, it is evident that a large portion of investors have
attended workshop organized by any Stock Exchange/SEBI or any other
regulatory body under SMAC. So, from above observation it can be concluded
that in Pune city investors are of positive opinion in regarding to attending
workshop organized by any Stock Exchange/SEBI or any other regulatory
body under SMAC.
184
5.24 Satisfaction level of Investors
Table No. 5.22:
Are you satisfied with the efforts of Stock Exchanges and SEBI for
organizing workshops under SMAC?

(%)
Highly 48 32.00
satisfied
Satisfied 28 18.67
Can’t say 37 24.67
Dissatisfied 20 13.33
Highly 17 11.33
dissatisfied
Total 150 100
Table Number 5.22 shows the opinion of investors in regards the

efforts of Stock Exchanges and SEBI for organizing workshops under SMAC,
respondent which is situated in the Pune city with 150 sample and percentage
to total. The opinions are divided in to five categories highly satisfied,
satisfied, can’t say, dissatisfied and high dissatisfied. Overall it can be seen
that most of investors is highly satisfied with the efforts of Stock Exchanges
and SEBI for organizing workshops under SMAC and is higher than other
The opinion of investors in regarding highly satisfied has the highest

respondent 48 and is 32% of the total sample. Whereas, satisfied, can’t say,
dissatisfied and highly dissatisfied have 2, 37, 20 and 17 respondents and is
18.67%, 24.67%, 13.33% and 11.33% of the total sample respectively and it is
lower than the first category. It is clearly seen that respondent and percentage
to total considerable varies across with the efforts of Stock Exchanges and
185
SEBI for organizing workshops under SMAC. It also shows that first opinion
is almost 3 times higher than the any other category.
Figure No. 5.23
Satisfaction Level of Investors

35% 32.00%
30%
24.67%
25%
20% 18.67%
15% 13%
11%
10%
5%
0%
Highly satisfied Satisfied Can’t say Dissatisfied Highly dissatisfied

total of opinion with the efforts of Stock Exchanges and SEBI for organizing
workshops under SMAC. It shows that over 3 quarter of investors questioned
in this survey is highly satisfied. The opinion with highly satisfied is highest
with 32% of total sample and highly dissatisfied is lowest with 13.33% of total
sample. Whereas, opinion satisfied, can’t say and dissatisfied are with 18.67%,
24.67% and 13.33% respectively of total sample.
Conclusion:
In conclusion, it is evident that a large portion of investors highly

satisfied with the efforts of Stock Exchanges and SEBI for organizing
workshops under SMAC. It can be also seen that very a smaller number of
investors are highly dissatisfied. So, from above observation it can be
concluded that in Pune city most of the investors are of opinion that they are
highly satisfied with the efforts of Stock Exchanges and SEBI for organizing
workshops under SMAC.
186
5.25 Measures required educating the Investors
Table No. 5.23:
Which of the following measures are required most to educate the

Investors?

(%)
Frequent 36 24.00
programmed
through
media
Active role of 26 17.33
print media
Strengthening 32 21.33
of Regional
Offices of
SEBI / Stock
Exchanges
Arranging 18 12.00
more investor
seminars
Providing 22 14.67
more
educative
literature in
local
language
Investor 13 8.67
education be
introduced at
the school/
college level
Others 3 2.00
Total 150 100
187
Table Number 5.23 shows the measures which are required most to
educate the Investors, respondent which is situated in the Pune city with 150
sample and percentage to total. The measures are divided in to seven
categories frequent programmed through media, active role of print media,
Strengthening of Regional Offices of SEBI / Stock Exchanges, arranging more
investor seminars, providing more educative literature in local language,
investor education be introduced at the school/ college level and others.
Overall it can be seen that most of investor’s stock exchanges are responsible
and is higher than other category in case of respondent.
The measures required, frequent programmed through media have the

highest respondent 36 and is 24% of the total sample. Whereas, active role of
print media, Strengthening of Regional Offices of SEBI / Stock Exchanges,
arranging more investor seminars, providing more educative literature in local
language, investor education be introduced at the school/ college level and
others have 26, 32, 18, 22, 13, and 3 respondent and is 17.33%, 21.33%, 12%,
14.67%, 8.67% and 2% of the total sample respectively and it is lower than the
first category. It is clearly seen that respondent and percentage to total
considerable varies across measures required most to educate the investors. It
also shows that first opinion is almost 3 times higher than the any other
category.
188
Figure No. 5.24
Measures required to Educate the

Investor
OTHERS 2.00%
INVESTOR EDUCATION BE
INTRODUCED AT THE SCHOOL/ 8.67%
COLLEGE LEVEL.
PROVIDING MORE EDUCATIVE

14.67%
LITERATURE IN LOCAL LANGUAGE.
ARRANGING MORE INVESTOR

12.00%
SEMINARS IN SMALLER TOWNS
STRENGTHENING OF REGIONAL OFFICES

21.33%
OF SEBI / STOCK EXCHANGES
ACTIVE ROLE OF PRINT MEDIA 17.33%
FREQUENT PROGRAMMED THROUGH

24.00%
MEDIA
0% 5% 10% 15% 20% 25% 30%

total of measures required most to educate the investors. It shows that over 3
quarter of investors questioned in this survey are of opinion that frequent
programs through media is most useful. The opinion that frequent program
through media is highest with 24% of total sample and others category is
lowest with 2% of total sample. Whereas, opinion that active role of print
media, Strengthening of Regional Offices of SEBI / Stock Exchanges,
arranging more investor seminars, providing more educative literature in local
language, investor education be introduced at the school/ college level are with
17.33%, 21.33%, 12%, 14.67%, and 8.67% respectively of total sample.
189
Conclusion:
In conclusion, it is evident that a large portion of investors are of opinion

that a frequent program is the best measure to educate the investors. It can be
also seen that very a smaller number of investors are of opinion others
measures. So, from above observation it can be concluded that in Pune city
most of the investors are of opinion that frequent programs is the best measure
to educate the investors.
190

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Data Analysis and Interpretations of Indian Stock Market Trends

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CHAPTER NO.

5 DATA ANALYSIS AND INTERPRETATIONS

Research is useful for documenting existing public conditions,

Figure No. 5.1 Steps followed for Conducting Research Analysis

Define Purpose of Research

Any research may it be conducted by researcher or any filed is done

2) Selection of location and companies to study trends:

The next important step in the conducting research is selection of

Collection of data is next step in research. A perfect research designed

4) Planning the Research Design and Research Method:

5.3 IPO’s Offered by Companies:

Table No. 5.1

Description of Table No. 5.1:

Figure No. 5.2

IPOs offered by Companies

Description of Figure 5.2:

Table No. 5.2

Description of Table No. 5.2:

Total Turnover of IPO Year-wise (Rs. Cr)

2008-09 2009-10 2010-11 2011-12 2012-13

Description of Figure 5.3:

A clustered column chart is used to compare values across a few

Average Issue Average Closing

2008-09 139.5 159.12 19.62

Description of Table No. 5.3:

Average Issue Price Rs. Average Closing Price Rs.

Description of Figure 5.4:

A clustered column chart is used to compare values across a few

5.6 Part A: Profile Gender wise Investors

Table No. 5.4

Male 113 75.33

Total 150 100

Source: As per the data taken from bseindia.com

Description of Figure 5.5:

In conclusion, it is evident that a large portion of investors are male. It

Below SSC 19 12.67

Source: As per the data taken from bseindia.com

Description of Table No. 5.5:

Table Number 5.5 shows the educational background, respondent

Educational Background of Respondent 2

Description of Figure 5.6:

In conclusion, it is evident that a large portion of investors are bachelor

Monthly Respondent % to total

Description of Table No. 5.6:

Table Number 5.6 shows the Monthly Income Group, respondent

Description of Figure 5.7:

In conclusion, it is evident that a large portion of investors are above

No. of Years Respondent % to

More than 10 47 31.33

Total 150 100

Source: As per the data taken from bseindia.com

Description of Table No. 5.7:

The investors with experience of 6 to 10 years have the highest

1 to 5 years 6 to 10 years More than 10 years

Description of Figure 5.8:

In conclusion, it is evident that a large portion of investors have 6 to 10

You currently have investment in which of following investment

Investment Respondent % to total

Bank and 42 28.00

Source: As per the data taken from bseindia.com

Description of Table No. 5.8:

Table Number 5.8 shows the Investment Avenues of the Investors,