Company Name

Beta S.D Correlation 0.4573 0.605 0.6497 0.6999 0.6264 0.6299 0.5678 0.6405 0.65 0.8578 0.6721 0.6483 0.6077 0.3542 5392 Rank (beta wise) 10 9 4 6 12 13 2 15 5 14 7 11 3 1 8

Bharat Heavy Electricals Ltd. Larsen & Toubro Limited HDFC Bank ACC LTD State Bank of India Hindustan Unilever Ltd.

1.164 1.0867 0.8735 0.9909 1.3139 1.4575

2.8 1.8427 1.2092 1.3239 2.2346 2.5084 1.5454 2.6816 1.7288 1.86 1.4072 1.8828 1.2128 2.0707 1.9822

Tata Consultancy Services Limited 0.7518 Hindalco Industries Ltd. ONGC Ltd. Reliance Industries Ltd. NTPC Ltd. Mahindra & Mahindra Ltd. Grasim Industry Ranbaxy Laboratories Bharti Airtel 1.5706 0.9548 1.5521 0.9941 1.1843 0.8185 0.623 1.026

Beta of BHEL company is 1.164 which means the BHEL company share price fluctuate more than BSE Sensex because if BHEL beta is greater than 1 than it represent the BHEL share price is more fluctuate compare to market return, if BHEL beta is less than its represent that BHEL share price less fluctuate compare to market return, if BHEL beta is equal to 1 than its shows that both are fluctuate in same sense.

6077 0.7288 1.3542 0. And those securities are more useful for long term investment.6497 0.623 2.6721 1 2 3 4 5 6 7 Tata Consultancy Services Limited 0.0 (negative correlation) and +1.9941 .so this is Positive correlation so that It means that when market return increases.2092 1.4072 0. the company’s return also increases. Actual investors prefer those securities which given long term profit in long future which show below.0707 1.0 (positively correlation).9548 0. It always varies between the -1.6999 0.65 0.5454 1.9909 0. The companies which have rank Between 1 to 7 that means those securities are more reliable for investment because it is less fluctuated as compared to sensex.8735 0.7518 Grasim Industry HDFC Bank ONGC Ltd.3239 1.The value of correlation could be positive. negative or zero. Suggetion As per the beta of our study we divided all 15 companies as per them investors benefit for investment. 0.8185 0. Ranbaxy Laboratories 0.2128 1.5678 0. ACC LTD NTPC Ltd.

Bharti Airtel Larsen & Toubro Limited Bharat Heavy Electricals Ltd.9822 1.3139 1. Reliance Industries Ltd.6816 5392 0. Hindalco Industries Ltd.5084 1.5706 1.026 1.6483 0.605 0.2346 2.164 1.4573 0.0867 1.6299 0.8 1.5521 1.6264 0. Mahindra & Mahindra Ltd. And those securities are more useful for short term investment. State Bank of India Hindustan Unilever Ltd.The companies which have rank Between 8 to 15 that means those securities are not reliable for investment because it is more fluctuated as compared to sensex.4575 1.8828 2.8578 0.6405 8 9 10 11 12 13 14 15 Investors who want more return in less time period and ready to take high risk above securities are best option for them. Speculators investors prefer those securities which given short term profit in short future which show below. 1.86 2.1843 1.8427 2. .