Reliance Industries Ltd.

Date Closing Price HPR

Mar-15 412.350
Apr-15 431.425 0.046
May-15 438.575 0.017
Jun-15 500.225 0.141
Jul-15 500.825 0.001
Aug-15 428.400 -0.145
Sep-15 430.250 0.004
Oct-15 473.925 0.102
Nov-15 484.000 0.021
Dec-15 506.300 0.046
Jan-16 517.525 0.022
Feb-16 483.275 -0.066
Mar-16 522.625 0.081
Apr-16 491.275 -0.060
May-16 479.475 -0.024
Jun-16 484.725 0.011
Jul-16 507.750 0.048
Aug-16 529.000 0.042
Sep-16 541.050 0.023
Oct-16 525.600 -0.029
Nov-16 496.375 -0.056
Dec-16 540.050 0.088
Jan-17 521.700 -0.034
Feb-17 619.125 0.187
Mar-17 659.600 0.065
Apr-17 697.400 0.057
May-17 670.300 -0.039
Jun-17 690.125 0.030
Jul-17 806.925 0.169
Aug-17 796.750 -0.013
Sep-17 782.150 -0.018
Oct-17 940.800 0.203
Nov-17 922.600 -0.019
Dec-17 921.050 -0.002
Jan-18 961.150 0.044
Feb-18 952.450 -0.009
Mar-18 882.800 -0.073
Apr-18 963.100 0.091
May-18 921.300 -0.043
Jun-18 972.950 0.056
Jul-18 1185.850 0.219
Aug-18 1240.950 0.046
Sep-18 1258.200 0.014
Oct-18 1061.400 -0.156
 Nov-18 1168.200 0.101
Dec-18 1121.050 -0.040
Jan-19 1227.100 0.095
Feb-19 1231.550 0.004
Mar-19 1363.050 0.107
Apr-19 1391.800 0.021
May-19 1329.750 -0.045
Jun-19 1252.000 -0.058
Jul-19 1166.000 -0.069
Aug-19 1248.350 0.071
Sep-19 1332.600 0.067
Oct-19 1464.200 0.099
Nov-19 1550.900 0.059
Dec-19 1514.100 -0.024
Jan-20 1411.700 -0.068
Feb-20 1328.650 -0.059
Mar-20 1112.450 -0.163

Average 0.0198
Standard Deviation 0.0799
Annualised Average 0.2371
Annualised Standard Deviation 0.2769

Summary Table
Company Returns Risk
Reliance Industries Ltd. 23.7059% 27.6930%
Nestle India Ltd. 19.3837% 21.0649%
HCL Technologies Ltd. 0.0618% 21.6393%
Bajaj Finance Ltd. 43.8247% 41.1644%
Shree Cements Ltd. 21.5773% 28.9394%
Dr. Reddy's Laboratories Ltd. 11.7802% 28.3660%

Selected Stocks
Company Returns Risk
Reliance Industries Ltd. 0.2371 0.2769
Nestle India Ltd. 0.1938 0.2106
Bajaj Finance Ltd. 0.4382 0.4116
Shree Cements Ltd. 0.2158 0.2894

Correlation
Reliance Industries Ltd. Nestle India Ltd.
Reliance Industries Ltd. 1.0000 0.1473
Nestle India Ltd. 0.1473 1.0000
Bajaj Finance Ltd. 0.4086 0.3313
Shree Cements Ltd. -0.2552 0.0793
 Covariance = Correl *Sd1*SD 2
Reliance Industries Ltd. Nestle India Ltd.
Reliance Industries Ltd. 0.0767 0.0086
Nestle India Ltd. 0.0086 0.0444
Bajaj Finance Ltd. 0.0466 0.0287
Shree Cements Ltd. -0.0205 0.0048

Variance Matrix = W1 * W2 * Covariance

Reliance Industries Ltd.
Weights 0.2876
0.2876 Reliance Industries Ltd. 0.0063
0.3552 Nestle India Ltd. 0.0009
0.0500 Bajaj Finance Ltd. 0.0007
0.3072 Shree Cements Ltd. -0.0018
1.0000 0.0061

Portfolio Variance 0.0216

Portfolio SD 14.69%
Portfolio Return 22.52%
Portfolio Return / Risk 1.5333

Summary
Risk Return W1
14.6885% 22.5226% 0.2876
15.0795% 23.6351% 0.2617
16.4305% 25.8601% 0.2098
17.5815% 27.1229% 0.2500

Efficient Frontier Curve

28.0000%

27.0000%

26.0000%

25.0000%

24.0000%

23.0000%

22.0000%

21.0000%

20.0000%
14.0000% 14.5000% 15.0000% 15.5000% 16.0000% 16.5000% 17.0000% 17.5000% 18.0000
 Particulars Reliance Industries Ltd. Nestle India Ltd.
Avg Return 1.98% 1.62%
Beta 1.0379 0.4935
SD 7.99% 6.08%
Annualised Returns 23.71% 19.38%
Annualised SD 27.69% 21.06%

Sharpe Ratio 0.5959 0.5782

Treynor Ratio 0.1590 0.2468
CAPM Required Returns 1.79% 4.63%
Jensen's Alpha 21.91% 14.75%
Alpha (Ri-Rm) 21.71% 17.39%

Date Rate ( % )
Mar-15 7.738
Apr-15 7.860
May-15 7.815
Jun-15 7.861
Jul-15 7.806
Aug-15 7.784
Sep-15 7.539
Oct-15 7.640
Nov-15 7.786
Dec-15 7.758
Jan-16 7.779
Feb-16 7.623
Mar-16 7.459
Apr-16 7.435
May-16 7.471
Jun-16 7.448
Jul-16 7.163
Aug-16 7.110
Sep-16 6.958
Oct-16 6.885
Nov-16 6.243
Dec-16 6.512
Jan-17 6.407
Feb-17 6.870
Mar-17 6.658
Apr-17 6.961
May-17 6.661
Jun-17 6.511
Jul-17 6.465
Aug-17 6.525
Sep-17 6.663
Oct-17 6.862
Nov-17 7.058
Dec-17 7.326
Jan-18 7.430
Feb-18 7.726
Mar-18 7.398
Apr-18 7.767
May-18 7.826
Jun-18 7.903
Jul-18 7.772
Aug-18 7.951
Sep-18 8.024
Oct-18 7.853
Nov-18 7.607
Dec-18 7.370
Jan-19 7.483
Feb-19 7.591
Mar-19 7.346
Apr-19 7.414
May-19 7.032
Jun-19 6.879
Jul-19 6.369
Aug-19 6.556
Sep-19 6.695
Oct-19 6.643
Nov-19 6.460
Dec-19 6.554
Jan-20 6.599
Feb-20 6.371
Mar-20 6.138
Apr-20 6.110
May-20 6.013
Jun-20 5.888
Jul-20 5.837
Aug-20 6.078
Sep-20 6.015
Oct-20 5.881
Nov-20 5.911
Dec-20 5.894
Jan-21 5.949
Feb-21 6.229
Mar-21 6.177
 Nestle India Ltd. HCL Technologies Ltd.
Date Closing Price HPR Date Closing Price
Mar-15 6941.900 Mar-15 489.825
Apr-15 6580.900 -0.052 Apr-15 439.750
May-15 6857.100 0.042 May-15 505.900
Jun-15 6345.650 -0.075 Jun-15 460.525
Jul-15 6343.050 0.000 Jul-15 498.300
Aug-15 5976.100 -0.058 Aug-15 485.800
Sep-15 6350.350 0.063 Sep-15 491.075
Oct-15 6179.500 -0.027 Oct-15 434.775
Nov-15 5872.650 -0.050 Nov-15 435.925
Dec-15 5824.100 -0.008 Dec-15 427.725
Jan-16 5490.600 -0.057 Jan-16 433.000
Feb-16 5012.350 -0.087 Feb-16 406.200
Mar-16 5768.950 0.151 Mar-16 407.075
Apr-16 5743.850 -0.004 Apr-16 375.225
May-16 6098.850 0.062 May-16 369.950
Jun-16 6488.750 0.064 Jun-16 365.275
Jul-16 7165.600 0.104 Jul-16 376.250
Aug-16 6559.500 -0.085 Aug-16 389.600
Sep-16 6428.200 -0.020 Sep-16 399.875
Oct-16 6942.650 0.080 Oct-16 384.000
Nov-16 6256.650 -0.099 Nov-16 401.400
Dec-16 6029.800 -0.036 Dec-16 413.700
Jan-17 5842.200 -0.031 Jan-17 404.425
Feb-17 6255.050 0.071 Feb-17 420.050
Mar-17 6681.200 0.068 Mar-17 436.525
Apr-17 6702.400 0.003 Apr-17 406.150
May-17 6657.150 -0.007 May-17 432.650
Jun-17 6723.050 0.010 Jun-17 425.300
Jul-17 6750.250 0.004 Jul-17 444.400
Aug-17 7101.100 0.052 Aug-17 430.975
Sep-17 7222.250 0.017 Sep-17 437.250
Oct-17 7221.100 0.000 Oct-17 427.775
Nov-17 7650.000 0.059 Nov-17 423.975
Dec-17 7845.000 0.025 Dec-17 445.325
Jan-18 7464.800 -0.048 Jan-18 492.825
Feb-18 7764.350 0.040 Feb-18 470.150
Mar-18 8202.150 0.056 Mar-18 484.750
Apr-18 9406.350 0.147 Apr-18 525.700
May-18 9657.750 0.027 May-18 455.300
Jun-18 9808.550 0.016 Jun-18 463.450
Jul-18 10537.200 0.074 Jul-18 482.400
Aug-18 11576.600 0.099 Aug-18 523.225
Sep-18 9705.700 -0.162 Sep-18 544.050
Oct-18 10122.100 0.043 Oct-18 525.400
 Nov-18 10718.950 0.059 Nov-18 507.200
Dec-18 11107.250 0.036 Dec-18 481.275
Jan-19 11469.800 0.033 Jan-19 502.600
Feb-19 10627.000 -0.073 Feb-19 526.600
Mar-19 10994.250 0.035 Mar-19 544.000
Apr-19 10903.200 -0.008 Apr-19 591.675
May-19 11486.650 0.054 May-19 546.750
Jun-19 11920.650 0.038 Jun-19 532.250
Jul-19 11671.700 -0.021 Jul-19 517.275
Aug-19 12849.950 0.101 Aug-19 550.125
Sep-19 13912.500 0.083 Sep-19 540.250
Oct-19 14961.400 0.075 Oct-19 581.675
Nov-19 14455.950 -0.034 Nov-19 563.800
Dec-19 14789.950 0.023 Dec-19 568.250
Jan-20 15360.850 0.039 Jan-20 591.500
Feb-20 15770.550 0.027 Feb-20 534.100
Mar-20 16302.400 0.034 Mar-20 436.750

0.0162
0.0608
0.1938
0.2106

Return/ Risk
85.6023%
92.0186%
0.2856%
106.4625%
74.5604%
41.5292%

Return/ Risk
0.8560
0.9202
1.0646
0.7456

Bajaj Finance Ltd. Shree Cements Ltd.

0.4086 -0.2552
0.3313 0.0793
1.0000 -0.0682
-0.0682 1.0000
*SD 2
Bajaj Finance Ltd. Shree Cements Ltd.
0.0466 -0.0205
0.0287 0.0048
0.1695 -0.0081
-0.0081 0.0837

1 * W2 * Covariance
Nestle India Ltd. Bajaj Finance Ltd. Shree Cements Ltd.
0.3552 0.0500 0.3072
0.0009 0.0007 -0.0018
0.0056 0.0005 0.0005
0.0005 0.0004 -0.0001
0.0005 -0.0001 0.0079
0.0075 0.0015 0.0065

mary
W2 W3 W4
0.3552 0.0500 0.3072
0.3300 0.1000 0.3083
0.2795 0.2000 0.3107
0.2500 0.2500 0.2500

Beta Calculat
Stocks
Reliance Industries Ltd.
Nestle India Ltd.
Bajaj Finance Ltd.
Shree Cements Ltd.
Beta of Portfolio

Portfolio Sharpe Ratio

Portfolio Treynor's Ratio
Portfolio Jensens Alpha

17.0000% 17.5000% 18.0000%

Bajaj Finance Ltd. Shree Cements Ltd. Nifty 100 Risk Free Rate ( % )
3.65% 1.80% 0.17% April '15 - March '20
1.7843 -0.4627 1.0000 7.20%
11.88% 8.35% 4.89%
43.82% 21.58% 1.99%
41.16% 28.94% 16.94%

0.8896 0.4967 -0.3077

0.2052 -0.3106 -0.0521
-2.09% 9.61% 1.99%
45.92% 11.96% 0.00%
41.83% 19.59% 0.00%
logies Ltd. Bajaj Finance Ltd. Shree Cements Ltd. Dr. Reddy's Laboratories L
HPR Date Closing Price HPR Date Closing Price HPR Date
Mar-15 409.625 Mar-15 12420.900 Mar-15
-0.102 Apr-15 400.945 -0.021 Apr-15 12745.700 0.026 Apr-15
0.150 May-15 421.875 0.052 May-15 13199.600 0.036 May-15
-0.090 Jun-15 545.665 0.293 Jun-15 14544.850 0.102 Jun-15
0.082 Jul-15 549.670 0.007 Jul-15 16109.750 0.108 Jul-15
-0.025 Aug-15 502.405 -0.086 Aug-15 17100.550 0.062 Aug-15
0.011 Sep-15 509.780 0.015 Sep-15 17013.250 -0.005 Sep-15
-0.115 Oct-15 521.455 0.023 Oct-15 16912.800 -0.006 Oct-15
0.003 Nov-15 550.695 0.056 Nov-15 15568.700 -0.079 Nov-15
-0.019 Dec-15 601.320 0.092 Dec-15 14724.700 -0.054 Dec-15
0.012 Jan-16 590.830 -0.017 Jan-16 15479.500 0.051 Jan-16
-0.062 Feb-16 592.745 0.003 Feb-16 16089.650 0.039 Feb-16
0.002 Mar-16 692.920 0.169 Mar-16 17020.000 0.058 Mar-16
-0.078 Apr-16 683.220 -0.014 Apr-16 19262.600 0.132 Apr-16
-0.014 May-16 757.530 0.109 May-16 18000.900 -0.065 May-16
-0.013 Jun-16 798.915 0.055 Jun-16 16944.000 -0.059 Jun-16
0.030 Jul-16 1035.725 0.296 Jul-16 18638.550 0.100 Jul-16
0.035 Aug-16 1102.000 0.064 Aug-16 17594.450 -0.056 Aug-16
0.026 Sep-16 1056.600 -0.041 Sep-16 18569.000 0.055 Sep-16
-0.040 Oct-16 1080.600 0.023 Oct-16 18974.700 0.022 Oct-16
0.045 Nov-16 919.400 -0.149 Nov-16 17221.550 -0.092 Nov-16
0.031 Dec-16 839.250 -0.087 Dec-16 18038.700 0.047 Dec-16
-0.022 Jan-17 1036.200 0.235 Jan-17 17212.450 -0.046 Jan-17
0.039 Feb-17 1107.300 0.069 Feb-17 16677.800 -0.031 Feb-17
0.039 Mar-17 1174.100 0.060 Mar-17 16181.500 -0.030 Mar-17
-0.070 Apr-17 1275.850 0.087 Apr-17 16844.350 0.041 Apr-17
0.065 May-17 1324.950 0.038 May-17 16836.650 0.000 May-17
-0.017 Jun-17 1374.200 0.037 Jun-17 15556.300 -0.076 Jun-17
0.045 Jul-17 1702.100 0.239 Jul-17 17064.150 0.097 Jul-17
-0.030 Aug-17 1783.650 0.048 Aug-17 18960.200 0.111 Aug-17
0.015 Sep-17 1834.950 0.029 Sep-17 16835.850 -0.112 Sep-17
-0.022 Oct-17 1799.650 -0.019 Oct-17 13896.050 -0.175 Oct-17
-0.009 Nov-17 1729.350 -0.039 Nov-17 16476.350 0.186 Nov-17
0.050 Dec-17 1756.800 0.016 Dec-17 17212.450 0.045 Dec-17
0.107 Jan-18 1677.500 -0.045 Jan-18 15749.750 -0.085 Jan-18
-0.046 Feb-18 1642.100 -0.021 Feb-18 16608.900 0.055 Feb-18
0.031 Mar-18 1769.750 0.078 Mar-18 18634.650 0.122 Mar-18
0.084 Apr-18 1906.050 0.077 Apr-18 19738.150 0.059 Apr-18
-0.134 May-18 2108.100 0.106 May-18 21561.700 0.092 May-18
0.018 Jun-18 2296.950 0.090 Jun-18 21815.050 0.012 Jun-18
0.041 Jul-18 2698.550 0.175 Jul-18 20157.250 -0.076 Jul-18
0.085 Aug-18 2859.150 0.060 Aug-18 18581.900 -0.078 Aug-18
0.040 Sep-18 2167.400 -0.242 Sep-18 18938.650 0.019 Sep-18
-0.034 Oct-18 2374.700 0.096 Oct-18 19964.050 0.054 Oct-18
-0.035 Nov-18 2528.400 0.065 Nov-18 20992.100 0.051 Nov-18
-0.051 Dec-18 2641.150 0.045 Dec-18 20357.450 -0.030 Dec-18
0.044 Jan-19 2570.350 -0.027 Jan-19 23016.950 0.131 Jan-19
0.048 Feb-19 2647.400 0.030 Feb-19 22648.300 -0.016 Feb-19
0.033 Mar-19 3024.850 0.143 Mar-19 17574.950 -0.224 Mar-19
0.088 Apr-19 3094.250 0.023 Apr-19 19762.300 0.124 Apr-19
-0.076 May-19 3469.700 0.121 May-19 20836.700 0.054 May-19
-0.027 Jun-19 3682.300 0.061 Jun-19 23061.850 0.107 Jun-19
-0.028 Jul-19 3250.900 -0.117 Jul-19 21719.850 -0.058 Jul-19
0.064 Aug-19 3331.600 0.025 Aug-19 20285.750 -0.066 Aug-19
-0.018 Sep-19 4050.150 0.216 Sep-19 20257.550 -0.001 Sep-19
0.077 Oct-19 4024.900 -0.006 Oct-19 21649.600 0.069 Oct-19
-0.031 Nov-19 4073.250 0.012 Nov-19 24110.400 0.114 Nov-19
0.008 Dec-19 4235.100 0.040 Dec-19 24018.800 -0.004 Dec-19
0.041 Jan-20 4365.250 0.031 Jan-20 22748.850 -0.053 Jan-20
-0.097 Feb-20 4463.100 0.022 Feb-20 26506.650 0.165 Feb-20
-0.182 Mar-20 2216.050 -0.503 Mar-20 29475.400 0.112 Mar-20

0.0001 0.0365 0.0180

0.0625 0.1188 0.0835
0.0006 0.4382 0.2158
0.2164 0.4116 0.2894
 Beta Calculation
Beta Weight Weighted Beta
1.0379 0.2876 0.2985
0.4935 0.3552 0.1753
1.7843 0.0500 0.0892
-0.4627 0.3072 -0.1421
Beta of Portfolio 0.4209

1.0429
0.3640
17.51%
Dr. Reddy's Laboratories Ltd. Nifty 100
Closing Price HPR Date Closing Price HPR
3034.900 Mar-15 8519.500
3094.300 0.020 Apr-15 8239.550 -0.033
3184.400 0.029 May-15 8499.850 0.032
3383.500 0.063 Jun-15 8440.950 -0.007
2937.250 -0.132 Jul-15 8645.850 0.024
3089.400 0.052 Aug-15 8119.550 -0.061
3108.700 0.006 Sep-15 8068.000 -0.006
3324.950 0.070 Oct-15 8175.850 0.013
3198.850 -0.038 Nov-15 8057.200 -0.015
3058.500 -0.044 Dec-15 8090.900 0.004
3021.050 -0.012 Jan-16 7659.650 -0.053
2853.950 -0.055 Feb-16 7083.950 -0.075
2632.500 -0.078 Mar-16 7832.150 0.106
2599.150 -0.013 Apr-16 7963.650 0.017
2518.350 -0.031 May-16 8254.800 0.037
2682.650 0.065 Jun-16 8416.200 0.020
2385.500 -0.111 Jul-16 8839.000 0.050
2020.400 -0.153 Aug-16 9000.500 0.018
2329.400 0.153 Sep-16 8844.200 -0.017
2431.400 0.044 Oct-16 8906.050 0.007
2286.350 -0.060 Nov-16 8466.400 -0.049
2414.400 0.056 Dec-16 8382.500 -0.010
2225.250 -0.078 Jan-17 8825.000 0.053
2235.650 0.005 Feb-17 9170.950 0.039
2082.450 -0.069 Mar-17 9467.100 0.032
2111.400 0.014 Apr-17 9652.450 0.020
1946.800 -0.078 May-17 9909.600 0.027
2233.800 0.147 Jun-17 9835.400 -0.007
2127.150 -0.048 Jul-17 10417.800 0.059
2491.350 0.171 Aug-17 10286.550 -0.013
2530.250 0.016 Sep-17 10143.900 -0.014
2540.700 0.004 Oct-17 10740.850 0.059
2713.350 0.068 Nov-17 10650.750 -0.008
2617.000 -0.036 Dec-17 10985.150 0.031
2723.750 0.041 Jan-18 11393.550 0.037
2635.650 -0.032 Feb-18 10861.400 -0.047
2774.150 0.053 Mar-18 10478.400 -0.035
2932.800 0.057 Apr-18 11145.900 0.064
2677.700 -0.087 May-18 11064.150 -0.007
2549.800 -0.048 Jun-18 10993.450 -0.006
2574.600 0.010 Jul-18 11633.850 0.058
2555.150 -0.008 Aug-18 12003.100 0.032
2700.850 0.057 Sep-18 11126.400 -0.073
2782.850 0.030 Oct-18 10604.600 -0.047
2912.600 0.047 Nov-18 11092.250 0.046
2877.150 -0.012 Dec-18 11110.150 0.002
3113.750 0.082 Jan-19 10996.800 -0.010
2925.800 -0.060 Feb-19 10959.900 -0.003
3117.100 0.065 Mar-19 11789.200 0.076
3937.200 0.263 Apr-19 11874.250 0.007
4073.800 0.035 May-19 12028.250 0.013
3941.000 -0.033 Jun-19 11882.100 -0.012
4521.900 0.147 Jul-19 11221.200 -0.056
4257.900 -0.058 Aug-19 11155.100 -0.006
5187.050 0.218 Sep-19 11613.300 0.041
4887.950 -0.058 Oct-19 12037.250 0.037
4829.600 -0.012 Nov-19 12182.600 0.012
5204.100 0.078 Dec-19 12267.750 0.007
4598.650 -0.116 Jan-20 12086.900 -0.015
4424.600 -0.038 Feb-20 11316.300 -0.064
4515.600 0.021 Mar-20 8731.150 -0.228

0.0098 0.0017
0.0819 0.0489
0.1178 0.0199
0.2837 0.1694
`
 Reliance Industries Ltd.
Date Closing Price HPR
Sep-15 430.250
Oct-15 473.925 0.102
Nov-15 484.000 0.021
Dec-15 506.300 0.046
Jan-16 517.525 0.022
Feb-16 483.275 -0.066
Mar-16 522.625 0.081
Apr-16 491.275 -0.060
May-16 479.475 -0.024
Jun-16 484.725 0.011
Jul-16 507.750 0.048
Aug-16 529.000 0.042
Sep-16 541.050 0.023
Oct-16 525.600 -0.029
Nov-16 496.375 -0.056
Dec-16 540.050 0.088
Jan-17 521.700 -0.034
Feb-17 619.125 0.187
Mar-17 659.600 0.065
Apr-17 697.400 0.057
May-17 670.300 -0.039
Jun-17 690.125 0.030
Jul-17 806.925 0.169
Aug-17 796.750 -0.013
Sep-17 782.150 -0.018
Oct-17 940.800 0.203
Nov-17 922.600 -0.019
Dec-17 921.050 -0.002
Jan-18 961.150 0.044
Feb-18 952.450 -0.009
Mar-18 882.800 -0.073
Apr-18 963.100 0.091
May-18 921.300 -0.043
Jun-18 972.950 0.056
Jul-18 1185.850 0.219
Aug-18 1240.950 0.046
Sep-18 1258.200 0.014
Oct-18 1061.400 -0.156
Nov-18 1168.200 0.101
Dec-18 1121.050 -0.040
Jan-19 1227.100 0.095
Feb-19 1231.550 0.004
Mar-19 1363.050 0.107
Apr-19 1391.800 0.021
 May-19 1329.750 -0.045
Jun-19 1252.000 -0.058
Jul-19 1166.000 -0.069
Aug-19 1248.350 0.071
Sep-19 1332.600 0.067
Oct-19 1464.200 0.099
Nov-19 1550.900 0.059
Dec-19 1514.100 -0.024
Jan-20 1411.700 -0.068
Feb-20 1328.650 -0.059
Mar-20 1112.450 -0.163
Apr-20 1467.050 0.319
May-20 1465.200 -0.001
Jun-20 1703.350 0.163
Jul-20 2066.950 0.213
Aug-20 2078.550 0.006
Sep-20 2233.750 0.075

Average 0.0316
Standard Deviation 0.0899
Annualised Average 0.3790
Annualised Standard Deviation 0.3114

Selected Stocks
Company Returns Risk
Reliance Industries Ltd. 37.90% 31.14%
Nestle India Ltd. 20.65% 20.76%
Shree Cements Ltd. 15.29% 29.83%
Dr Reddy's Laboratories Ltd. 8.93% 30.19%

Correlation
Reliance Industries Ltd. Nestle India Ltd.
Reliance Industries Ltd. 1.0000 0.1637
Nestle India Ltd. 0.1637 1.0000
Shree Cements Ltd. 0.4367 0.3695
Dr Reddy's Laboratories Ltd. 0.2431 0.1115

Covariance = Correl * SD1 * SD 2

Reliance Industries Ltd. Nestle India Ltd.
Reliance Industries Ltd. 0.0970 0.0106
Nestle India Ltd. 0.0106 0.0431
Shree Cements Ltd. 0.0406 0.0229
Dr Reddy's Laboratories Ltd. 0.0229 0.0070

Variance Matrix = W1 * W2 * Covar

Reliance Industries Ltd.
 Weights 0.1519
0.1519 Reliance Industries Ltd. 0.0022
0.5520 Nestle India Ltd. 0.0009
0.0741 Shree Cements Ltd. 0.0005
0.2219 Dr Reddy's Laboratories Ltd. 0.0008
1.0000 0.0044

Portfolio Variance 0.0287

Portfolio SD 16.93%
Portfolio Return 20.27%
Portfolio Return / Risk 1.1974

Summary
Risk Return W1
17.0593% 20.0267% 0.1500
16.9272% 20.2694% 0.1519
18.6645% 20.6891% 0.25

Efficient Frontier Curve

20.8000%

20.6000%

20.4000%

20.2000%

20.0000%

19.8000%

19.6000%
16.8000% 17.0000% 17.2000% 17.4000% 17.6000% 17.8000% 18.0000% 18.2000% 18.4000% 18.6000% 18

Particulars Reliance Industries Ltd. Nestle India Ltd.

Avg Return 3.16% 1.72%
Beta 1.22 0.41
SD 8.99% 5.99%
Annualised Returns 37.90% 20.65%
Annualised SD 31.14% 20.76%

Sharpe Ratio 0.9914 0.6561

Treynor Ratio 0.2530 0.5078
CAPM Required Returns 8.98% 7.68%
Jensen's Alpha 28.91% 12.97%
Alpha (Ri-Rm) 29.26% 12.02%

Beta Calculation
Stocks Beta Weight
Reliance Industries Ltd. 1.2200 0.1519
Nestle India Ltd. 0.4066 0.5520
Shree Cement Ltd. 1.1353 0.0741
Dr Reddy's Laboratories Ltd. 0.2101 0.2219
Beta of Portfolio

Portfolio Sharpe Ratio 0.7825

Portfolio Treynor's Ratio 0.2450
Portfolio Jensens Alpha 12.38%
 Nestle India Ltd. Shree Cements
Date Closing Price HPR Date
Sep-15 6350.350 Sep-15
Oct-15 6179.500 -0.027 Oct-15
Nov-15 5872.650 -0.050 Nov-15
Dec-15 5824.100 -0.008 Dec-15
Jan-16 5490.600 -0.057 Jan-16
Feb-16 5012.350 -0.087 Feb-16
Mar-16 5768.950 0.151 Mar-16
Apr-16 5743.850 -0.004 Apr-16
May-16 6098.850 0.062 May-16
Jun-16 6488.750 0.064 Jun-16
Jul-16 7165.600 0.104 Jul-16
Aug-16 6559.500 -0.085 Aug-16
Sep-16 6428.200 -0.020 Sep-16
Oct-16 6942.650 0.080 Oct-16
Nov-16 6256.650 -0.099 Nov-16
Dec-16 6029.800 -0.036 Dec-16
Jan-17 5842.200 -0.031 Jan-17
Feb-17 6255.050 0.071 Feb-17
Mar-17 6681.200 0.068 Mar-17
Apr-17 6702.400 0.003 Apr-17
May-17 6657.150 -0.007 May-17
Jun-17 6723.050 0.010 Jun-17
Jul-17 6750.250 0.004 Jul-17
Aug-17 7101.100 0.052 Aug-17
Sep-17 7222.250 0.017 Sep-17
Oct-17 7221.100 0.000 Oct-17
Nov-17 7650.000 0.059 Nov-17
Dec-17 7845.000 0.025 Dec-17
Jan-18 7464.800 -0.048 Jan-18
Feb-18 7764.350 0.040 Feb-18
Mar-18 8202.150 0.056 Mar-18
Apr-18 9406.350 0.147 Apr-18
May-18 9657.750 0.027 May-18
Jun-18 9808.550 0.016 Jun-18
Jul-18 10537.200 0.074 Jul-18
Aug-18 11576.600 0.099 Aug-18
Sep-18 9705.700 -0.162 Sep-18
Oct-18 10122.100 0.043 Oct-18
Nov-18 10718.950 0.059 Nov-18
Dec-18 11107.250 0.036 Dec-18
Jan-19 11469.800 0.033 Jan-19
Feb-19 10627.000 -0.073 Feb-19
Mar-19 10994.250 0.035 Mar-19
Apr-19 10903.200 -0.008 Apr-19
 May-19 11486.650 0.054 May-19
Jun-19 11920.650 0.038 Jun-19
Jul-19 11671.700 -0.021 Jul-19
Aug-19 12849.950 0.101 Aug-19
Sep-19 13912.500 0.083 Sep-19
Oct-19 14961.400 0.075 Oct-19
Nov-19 14455.950 -0.034 Nov-19
Dec-19 14789.950 0.023 Dec-19
Jan-20 15360.850 0.039 Jan-20
Feb-20 15770.550 0.027 Feb-20
Mar-20 16302.400 0.034 Mar-20
Apr-20 17906.100 0.098 Apr-20
May-20 17533.850 -0.021 May-20
Jun-20 17178.000 -0.020 Jun-20
Jul-20 16526.450 -0.038 Jul-20
Aug-20 15946.100 -0.035 Aug-20
Sep-20 15924.700 -0.001 Sep-20

0.0172
0.0599
0.2065
0.2076

Return/ Risk
1.22
0.99
0.51
0.30

n
Shree Cements Ltd. Dr Reddy's Laboratories Ltd.
0.4367 0.2431
0.3695 0.1115
1.0000 0.1632
0.1632 1.0000

SD1 * SD 2
Shree Cements Ltd. Dr Reddy's Laboratories Ltd.
0.0406 0.0229
0.0229 0.0070
0.0890 0.0147
0.0147 0.0912

atrix = W1 * W2 * Covariance
Nestle India Ltd. Shree Cements Ltd. Dr Reddy's Laboratories Ltd.
 0.5520 0.0741 0.2219
0.0009 0.0005 0.0008
0.0131 0.0009 0.0009
0.0009 0.0005 0.0002
0.0009 0.0002 0.0045
0.0158 0.0021 0.0064

Summary
W2 W3 W4
0.4949 0.1500 0.2051
0.5520 0.0741 0.2219
0.25 0.25 0.25

0% 18.4000% 18.6000% 18.8000%

Shree Cements Ltd. Dr Reddy's Laboratories Ltd. Nifty 100

1.27% 0.74% 0.72%
1.14 0.21 1.00
8.61% 8.72% 5.28%
15.29% 8.93% 8.63%
29.83% 30.19% 18.31%

0.2770 0.0631 0.0878

0.1347 0.4250 0.0863
8.85% 7.36% 8.63%
6.44% 1.57% 0.00%
 6.66% 0.30% 0.00%

Weighted Beta
0.1853
0.2244
0.0841
0.0466
0.5405
Shree Cements Ltd. Dr. Reddy's Laboratories Ltd. Nifty 100
Closing Price HPR Date Closing Price HPR Date Closing Price
11777.350 Sep-15 4155.450 Sep-15 8068.000
12328.150 0.047 Oct-15 4269.500 0.027 Oct-15 8175.850
11099.900 -0.100 Nov-15 3109.900 -0.272 Nov-15 8057.200
11472.600 0.034 Dec-15 3103.150 -0.002 Dec-15 8090.900
10473.300 -0.087 Jan-16 3103.600 0.000 Jan-16 7659.650
10077.700 -0.038 Feb-16 3031.250 -0.023 Feb-16 7083.950
12420.900 0.233 Mar-16 3034.900 0.001 Mar-16 7832.150
12745.700 0.026 Apr-16 3094.300 0.020 Apr-16 7963.650
13199.600 0.036 May-16 3184.400 0.029 May-16 8254.800
14544.850 0.102 Jun-16 3383.500 0.063 Jun-16 8416.200
16109.750 0.108 Jul-16 2937.250 -0.132 Jul-16 8839.000
17100.550 0.062 Aug-16 3089.400 0.052 Aug-16 9000.500
17013.250 -0.005 Sep-16 3108.700 0.006 Sep-16 8844.200
16912.800 -0.006 Oct-16 3324.950 0.070 Oct-16 8906.050
15568.700 -0.079 Nov-16 3198.850 -0.038 Nov-16 8466.400
14724.700 -0.054 Dec-16 3058.500 -0.044 Dec-16 8382.500
15479.500 0.051 Jan-17 3021.050 -0.012 Jan-17 8825.000
16089.650 0.039 Feb-17 2853.950 -0.055 Feb-17 9170.950
17020.000 0.058 Mar-17 2632.500 -0.078 Mar-17 9467.100
19262.600 0.132 Apr-17 2599.150 -0.013 Apr-17 9652.450
18000.900 -0.065 May-17 2518.350 -0.031 May-17 9909.600
16944.000 -0.059 Jun-17 2682.650 0.065 Jun-17 9835.400
18638.550 0.100 Jul-17 2385.500 -0.111 Jul-17 10417.800
17594.450 -0.056 Aug-17 2020.400 -0.153 Aug-17 10286.550
18569.000 0.055 Sep-17 2329.400 0.153 Sep-17 10143.900
18974.700 0.022 Oct-17 2431.400 0.044 Oct-17 10740.850
17221.550 -0.092 Nov-17 2286.350 -0.060 Nov-17 10650.750
18038.700 0.047 Dec-17 2414.400 0.056 Dec-17 10985.150
17212.450 -0.046 Jan-18 2225.250 -0.078 Jan-18 11393.550
16677.800 -0.031 Feb-18 2235.650 0.005 Feb-18 10861.400
16181.500 -0.030 Mar-18 2082.450 -0.069 Mar-18 10478.400
16844.350 0.041 Apr-18 2111.400 0.014 Apr-18 11145.900
16836.650 0.000 May-18 1946.800 -0.078 May-18 11064.150
15556.300 -0.076 Jun-18 2233.800 0.147 Jun-18 10993.450
17064.150 0.097 Jul-18 2127.150 -0.048 Jul-18 11633.850
18960.200 0.111 Aug-18 2491.350 0.171 Aug-18 12003.100
16835.850 -0.112 Sep-18 2530.250 0.016 Sep-18 11126.400
13896.050 -0.175 Oct-18 2540.700 0.004 Oct-18 10604.600
16476.350 0.186 Nov-18 2713.350 0.068 Nov-18 11092.250
17212.450 0.045 Dec-18 2617.000 -0.036 Dec-18 11110.150
15749.750 -0.085 Jan-19 2723.750 0.041 Jan-19 10996.800
16608.900 0.055 Feb-19 2635.650 -0.032 Feb-19 10959.900
18634.650 0.122 Mar-19 2774.150 0.053 Mar-19 11789.200
19738.150 0.059 Apr-19 2932.800 0.057 Apr-19 11874.250
21561.700 0.092 May-19 2677.700 -0.087 May-19 12028.250
21815.050 0.012 Jun-19 2549.800 -0.048 Jun-19 11882.100
20157.250 -0.076 Jul-19 2574.600 0.010 Jul-19 11221.200
18581.900 -0.078 Aug-19 2555.150 -0.008 Aug-19 11155.100
18938.650 0.019 Sep-19 2700.850 0.057 Sep-19 11613.300
19964.050 0.054 Oct-19 2782.850 0.030 Oct-19 12037.250
20992.100 0.051 Nov-19 2912.600 0.047 Nov-19 12182.600
20357.450 -0.030 Dec-19 2877.150 -0.012 Dec-19 12267.750
23016.950 0.131 Jan-20 3113.750 0.082 Jan-20 12086.900
22648.300 -0.016 Feb-20 2925.800 -0.060 Feb-20 11316.300
17574.950 -0.224 Mar-20 3117.100 0.065 Mar-20 8731.150
19762.300 0.124 Apr-20 3937.200 0.263 Apr-20 10006.900
20836.700 0.054 May-20 4073.800 0.035 May-20 9759.450
23061.850 0.107 Jun-20 3941.000 -0.033 Jun-20 10486.900
21719.850 -0.058 Jul-20 4521.900 0.147 Jul-20 11222.950
20285.750 -0.066 Aug-20 4257.900 -0.058 Aug-20 11496.050
20257.550 -0.001 Sep-20 5187.050 0.218 Sep-20 11385.200

0.0127 0.0074
0.0861 0.0872
0.1529 0.0893
0.2983 0.3019
Risk Free Rate
Sept '15 - Sept '20
7.02%
ifty 100
HPR

0.013
-0.015
0.004
-0.053
-0.075
0.106
0.017
0.037
0.020
0.050
0.018
-0.017
0.007
-0.049
-0.010
0.053
0.039
0.032
0.020
0.027
-0.007
0.059
-0.013
-0.014
0.059
-0.008
0.031
0.037
-0.047
-0.035
0.064
-0.007
-0.006
0.058
0.032
-0.073
-0.047
0.046
0.002
-0.010
-0.003
0.076
0.007
 0.013
-0.012
-0.056
-0.006
0.041
0.037
0.012
0.007
-0.015
-0.064
-0.228
0.146
-0.025
0.075
0.070
0.024
-0.010

0.0072
0.0528
0.0863
0.1831
 Reliance Industries Ltd.
Date Closing Price
Mar-16 522.625
Apr-16 491.275
May-16 479.475
Jun-16 484.725
Jul-16 507.750
Aug-16 529.000
Sep-16 541.050
Oct-16 525.600
Nov-16 496.375
Dec-16 540.050
Jan-17 521.700
Feb-17 619.125
Mar-17 659.600
Apr-17 697.400
May-17 670.300
Jun-17 690.125
Jul-17 806.925
Aug-17 796.750
Sep-17 782.150
Oct-17 940.800
Nov-17 922.600
Dec-17 921.050
Jan-18 961.150
Feb-18 952.450
Mar-18 882.800
Apr-18 963.100
May-18 921.300
Jun-18 972.950
Jul-18 1185.850
Aug-18 1240.950
Sep-18 1258.200
Oct-18 1061.400
Nov-18 1168.200
Dec-18 1121.050
Jan-19 1227.100
Feb-19 1231.550
Mar-19 1363.050
Apr-19 1391.800
May-19 1329.750
Jun-19 1252.000
Jul-19 1166.000
Aug-19 1248.350
Sep-19 1332.600
Oct-19 1464.200
Nov-19 1550.900
 Dec-19 1514.100
Jan-20 1411.700
Feb-20 1328.650
Mar-20 1112.450
Apr-20 1467.050
May-20 1465.200
Jun-20 1703.350
Jul-20 2066.950
Aug-20 2078.550
Sep-20 2233.750
Oct-20 2054.350
Nov-20 1929.850
Dec-20 1984.650
Jan-21 1843.150
Feb-21 2083.850
Mar-21 2003.200

Average
Standard Deviation
Annualised Average
Annualised Standard Deviation

Selected Stocks
Company Returns
Reliance Industries Ltd. 31.93%
Nestle India Ltd. 23.93%
HCL Technologies Ltd. 21.02%
Dr Reddy's Laboratories Ltd. 11.78%

Correlation
Reliance Industries Ltd.
Reliance Industries Ltd. 1.0000
Nestle India Ltd. 0.0920
HCL Technologies Ltd. 0.5599
Dr Reddy's Laboratories Ltd. 0.2739

Covariance = Correl * SD1 * SD 2

Reliance Industries Ltd.
Reliance Industries Ltd. 0.1026
Nestle India Ltd. 0.0058
HCL Technologies Ltd. 0.0471
Dr Reddy's Laboratories Ltd. 0.0249

Variance Matrix = W1 * W2 * C

Weights
0.0600 Reliance Industries Ltd.
 0.5720 Nestle India Ltd.
0.2209 HCL Technologies Ltd.
0.1470 Dr Reddy's Laboratories Ltd.
1.0000

Portfolio Variance 0.0235

Portfolio Standard Deviation 15.34%
Portfolio Return 21.98%
Portfolio Return / Risk 1.4331

Summary
Risk Return
16.15% 21.84%
15.34% 21.98%
18.10% 22.17%

Efficient Frontier Curve

22.20%

22.10%

22.00%

21.90%

21.80%

21.70%

21.60%
15.00% 15.50% 16.00% 16.50% 17.00% 17.50% 18.00%

Particulars Reliance Industries Ltd.

Avg Return 2.66%
Beta 1.1251
SD 9.24%
Annualised Returns 31.93%
Annualised SD 32.03%

Sharpe Ratio 0.7829

Treynor Ratio 0.2228
CAPM Required Returns 15.48%
Jensen's Alpha 16.45%
Alpha (Ri-Rm) 17.41%
 Beta Calculation
Stocks Beta
Reliance Industries Ltd. 1.1251
Nestle India Ltd. 0.2536
HCL Technologies Ltd. 0.7235
Dr Reddy's Laboratories Ltd. 0.1697
Beta of Portfolio

Portfolio Sharpe Ratio 0.9859

Portfolio Treynor's Ratio 0.3806
Portfolio Jensens Alpha 12.08%
Ltd. Nestle India Ltd.
HPR Date Closing Price
Mar-16 5768.950
-0.060 Apr-16 5743.850
-0.024 May-16 6098.850
0.011 Jun-16 6488.750
0.048 Jul-16 7165.600
0.042 Aug-16 6559.500
0.023 Sep-16 6428.200
-0.029 Oct-16 6942.650
-0.056 Nov-16 6256.650
0.088 Dec-16 6029.800
-0.034 Jan-17 5842.200
0.187 Feb-17 6255.050
0.065 Mar-17 6681.200
0.057 Apr-17 6702.400
-0.039 May-17 6657.150
0.030 Jun-17 6723.050
0.169 Jul-17 6750.250
-0.013 Aug-17 7101.100
-0.018 Sep-17 7222.250
0.203 Oct-17 7221.100
-0.019 Nov-17 7650.000
-0.002 Dec-17 7845.000
0.044 Jan-18 7464.800
-0.009 Feb-18 7764.350
-0.073 Mar-18 8202.150
0.091 Apr-18 9406.350
-0.043 May-18 9657.750
0.056 Jun-18 9808.550
0.219 Jul-18 10537.200
0.046 Aug-18 11576.600
0.014 Sep-18 9705.700
-0.156 Oct-18 10122.100
0.101 Nov-18 10718.950
-0.040 Dec-18 11107.250
0.095 Jan-19 11469.800
0.004 Feb-19 10627.000
0.107 Mar-19 10994.250
0.021 Apr-19 10903.200
-0.045 May-19 11486.650
-0.058 Jun-19 11920.650
-0.069 Jul-19 11671.700
0.071 Aug-19 12849.950
0.067 Sep-19 13912.500
0.099 Oct-19 14961.400
0.059 Nov-19 14455.950
 -0.024 Dec-19 14789.950
-0.068 Jan-20 15360.850
-0.059 Feb-20 15770.550
-0.163 Mar-20 16302.400
0.319 Apr-20 17906.100
-0.001 May-20 17533.850
0.163 Jun-20 17178.000
0.213 Jul-20 16526.450
0.006 Aug-20 15946.100
0.075 Sep-20 15924.700
-0.080 Oct-20 17162.800
-0.061 Nov-20 17657.600
0.028 Dec-20 18392.350
-0.071 Jan-21 17068.700
0.131 Feb-21 16097.700
-0.039 Mar-21 17170.250

0.0266
0.0924
0.3193
0.3203

cted Stocks
Risk Return/ Risk
32.03% 1.00
19.68% 1.22
26.25% 0.80
28.37% 0.42

Correlation
Nestle India Ltd. HCL Technologies Ltd Dr Reddy's Laboratories Ltd.
0.0920 0.5599 0.2739
1.0000 0.0228 0.0933
0.0228 1.0000 0.4391
0.0933 0.4391 1.0000

Covariance = Correl * SD1 * SD 2

Nestle India Ltd. HCL Technologies Ltd Dr Reddy's Laboratories Ltd.
0.0058 0.0471 0.0249
0.0387 0.0012 0.0052
0.0012 0.0689 0.0327
0.0052 0.0327 0.0805

Variance Matrix = W1 * W2 * Covariance

Reliance Industries Ltd. Nestle India Ltd. HCL Technologies Ltd
0.0600 0.5720 0.2209
0.0004 0.0002 0.0006
 0.0002 0.0127 0.0001
0.0006 0.0001 0.0034
0.0002 0.0004 0.0011
0.0014 0.0135 0.0052

Summary
W1 W2 W3
0.1500 0.4000 0.2355
0.0600 0.5720 0.2209
0.2500 0.2500 0.2500

Frontier Curve

17.00% 17.50% 18.00% 18.50%

Nestle India Ltd. HCL Technologies Ltd. Dr Reddy's Laboratories Ltd.

1.99% 1.75% 0.98%
0.2536 0.7235 0.1697
5.68% 7.58% 8.19%
23.93% 21.02% 11.78%
19.68% 26.25% 28.37%

0.8675 0.5396 0.1735

0.6732 0.1958 0.2901
8.80% 12.40% 8.16%
15.13% 8.62% 3.62%
9.41% 6.50% -2.74%
Calculation
Weight Weighted Beta
0.0600 0.0675
0.5720 0.1451
0.2209 0.1598
0.1470 0.0249
0.3974
a Ltd. HCL Technologies Ltd. Dr. Reddy's Laboratories Ltd.
HPR Date Closing Price HPR Date Closing Price
Mar-16 407.075 Mar-16 3034.900
-0.004 Apr-16 375.225 -0.078 Apr-16 3094.300
0.062 May-16 369.950 -0.014 May-16 3184.400
0.064 Jun-16 365.275 -0.013 Jun-16 3383.500
0.104 Jul-16 376.250 0.030 Jul-16 2937.250
-0.085 Aug-16 389.600 0.035 Aug-16 3089.400
-0.020 Sep-16 399.875 0.026 Sep-16 3108.700
0.080 Oct-16 384.000 -0.040 Oct-16 3324.950
-0.099 Nov-16 401.400 0.045 Nov-16 3198.850
-0.036 Dec-16 413.700 0.031 Dec-16 3058.500
-0.031 Jan-17 404.425 -0.022 Jan-17 3021.050
0.071 Feb-17 420.050 0.039 Feb-17 2853.950
0.068 Mar-17 436.525 0.039 Mar-17 2632.500
0.003 Apr-17 406.150 -0.070 Apr-17 2599.150
-0.007 May-17 432.650 0.065 May-17 2518.350
0.010 Jun-17 425.300 -0.017 Jun-17 2682.650
0.004 Jul-17 444.400 0.045 Jul-17 2385.500
0.052 Aug-17 430.975 -0.030 Aug-17 2020.400
0.017 Sep-17 437.250 0.015 Sep-17 2329.400
0.000 Oct-17 427.775 -0.022 Oct-17 2431.400
0.059 Nov-17 423.975 -0.009 Nov-17 2286.350
0.025 Dec-17 445.325 0.050 Dec-17 2414.400
-0.048 Jan-18 492.825 0.107 Jan-18 2225.250
0.040 Feb-18 470.150 -0.046 Feb-18 2235.650
0.056 Mar-18 484.750 0.031 Mar-18 2082.450
0.147 Apr-18 525.700 0.084 Apr-18 2111.400
0.027 May-18 455.300 -0.134 May-18 1946.800
0.016 Jun-18 463.450 0.018 Jun-18 2233.800
0.074 Jul-18 482.400 0.041 Jul-18 2127.150
0.099 Aug-18 523.225 0.085 Aug-18 2491.350
-0.162 Sep-18 544.050 0.040 Sep-18 2530.250
0.043 Oct-18 525.400 -0.034 Oct-18 2540.700
0.059 Nov-18 507.200 -0.035 Nov-18 2713.350
0.036 Dec-18 481.275 -0.051 Dec-18 2617.000
0.033 Jan-19 502.600 0.044 Jan-19 2723.750
-0.073 Feb-19 526.600 0.048 Feb-19 2635.650
0.035 Mar-19 544.000 0.033 Mar-19 2774.150
-0.008 Apr-19 591.675 0.088 Apr-19 2932.800
0.054 May-19 546.750 -0.076 May-19 2677.700
0.038 Jun-19 532.250 -0.027 Jun-19 2549.800
-0.021 Jul-19 517.275 -0.028 Jul-19 2574.600
0.101 Aug-19 550.125 0.064 Aug-19 2555.150
0.083 Sep-19 540.250 -0.018 Sep-19 2700.850
0.075 Oct-19 581.675 0.077 Oct-19 2782.850
-0.034 Nov-19 563.800 -0.031 Nov-19 2912.600
 0.023 Dec-19 568.250 0.008 Dec-19 2877.150
0.039 Jan-20 591.500 0.041 Jan-20 3113.750
0.027 Feb-20 534.100 -0.097 Feb-20 2925.800
0.034 Mar-20 436.750 -0.182 Mar-20 3117.100
0.098 Apr-20 542.800 0.243 Apr-20 3937.200
-0.021 May-20 550.400 0.014 May-20 4073.800
-0.020 Jun-20 556.300 0.011 Jun-20 3941.000
-0.038 Jul-20 705.450 0.268 Jul-20 4521.900
-0.035 Aug-20 693.300 -0.017 Aug-20 4257.900
-0.001 Sep-20 811.600 0.171 Sep-20 5187.050
0.078 Oct-20 843.200 0.039 Oct-20 4887.950
0.029 Nov-20 822.200 -0.025 Nov-20 4829.600
0.042 Dec-20 945.950 0.151 Dec-20 5204.100
-0.072 Jan-21 914.950 -0.033 Jan-21 4598.650
-0.057 Feb-21 909.450 -0.006 Feb-21 4424.600
0.067 Mar-21 983.450 0.081 Mar-21 4515.600

0.0199 0.0175
0.0568 0.0758
0.2393 0.2102
0.1968 0.2625

Dr Reddy's Laboratories Ltd.

0.1470
0.0002
 0.0004
0.0011
0.0017
0.0035

W4
0.2145
0.1470
0.2500

Nifty 100 Risk Free Rate

1.21% March '16- March '21
1.0000 6.86%
5.27%
14.52%
18.27%

0.4194
0.0766
14.52%
0.00%
0.00%
Laboratories Ltd. Nifty 100
HPR Date Closing Price HPR
Mar-16 7832.150
0.020 Apr-16 7963.650 0.017
0.029 May-16 8254.800 0.037
0.063 Jun-16 8416.200 0.020
-0.132 Jul-16 8839.000 0.050
0.052 Aug-16 9000.500 0.018
0.006 Sep-16 8844.200 -0.017
0.070 Oct-16 8906.050 0.007
-0.038 Nov-16 8466.400 -0.049
-0.044 Dec-16 8382.500 -0.010
-0.012 Jan-17 8825.000 0.053
-0.055 Feb-17 9170.950 0.039
-0.078 Mar-17 9467.100 0.032
-0.013 Apr-17 9652.450 0.020
-0.031 May-17 9909.600 0.027
0.065 Jun-17 9835.400 -0.007
-0.111 Jul-17 10417.800 0.059
-0.153 Aug-17 10286.550 -0.013
0.153 Sep-17 10143.900 -0.014
0.044 Oct-17 10740.850 0.059
-0.060 Nov-17 10650.750 -0.008
0.056 Dec-17 10985.150 0.031
-0.078 Jan-18 11393.550 0.037
0.005 Feb-18 10861.400 -0.047
-0.069 Mar-18 10478.400 -0.035
0.014 Apr-18 11145.900 0.064
-0.078 May-18 11064.150 -0.007
0.147 Jun-18 10993.450 -0.006
-0.048 Jul-18 11633.850 0.058
0.171 Aug-18 12003.100 0.032
0.016 Sep-18 11126.400 -0.073
0.004 Oct-18 10604.600 -0.047
0.068 Nov-18 11092.250 0.046
-0.036 Dec-18 11110.150 0.002
0.041 Jan-19 10996.800 -0.010
-0.032 Feb-19 10959.900 -0.003
0.053 Mar-19 11789.200 0.076
0.057 Apr-19 11874.250 0.007
-0.087 May-19 12028.250 0.013
-0.048 Jun-19 11882.100 -0.012
0.010 Jul-19 11221.200 -0.056
-0.008 Aug-19 11155.100 -0.006
0.057 Sep-19 11613.300 0.041
0.030 Oct-19 12037.250 0.037
0.047 Nov-19 12182.600 0.012
-0.012 Dec-19 12267.750 0.007
0.082 Jan-20 12086.900 -0.015
-0.060 Feb-20 11316.300 -0.064
0.065 Mar-20 8731.150 -0.228
0.263 Apr-20 10006.900 0.146
0.035 May-20 9759.450 -0.025
-0.033 Jun-20 10486.900 0.075
0.147 Jul-20 11222.950 0.070
-0.058 Aug-20 11496.050 0.024
0.218 Sep-20 11385.200 -0.010
-0.058 Oct-20 11748.950 0.032
-0.012 Nov-20 13080.300 0.113
0.078 Dec-20 14090.750 0.077
-0.116 Jan-21 13743.300 -0.025
-0.038 Feb-21 14667.600 0.067
0.021 Mar-21 14807.450 0.010

0.0098 0.0121
0.0819 0.0527
0.1178 0.1452
0.2837 0.1827