A STUDY ON SHARE PRICE MOVEMENT OF SELECTED

BANKING COMPANIES OF BSE

Under the guidance of

Dr.M.ANBUKARASI
Assistant Professor
Department of Commerce
Bharathiar University .

Submitted by,
THULASIAMMAL.R
II M.COM (F&A)
14COMD25
INTRODUCTION OF THE STUDY
The stock exchange or secondary market is a highly organized
market for the purchase and sale of listed securities. The securities
contracts (Regulation) Act 1956 defines a stock exchange as “an
association, organization or not, established for the purpose of
assisting, regulating and controlling business in buying, selling and
dealing in securities”.
Of all the modern service institutions, stock exchange plays as
crucial agents and facilitators of entrepreneurial progress. After the
industrial revolution, as the size of the business enterprises grew, it
was no longer possible for individual person or even partnerships to
raise such huge amount for undertaking these ventures. This stock
exchange is one of the most important institutions in the capital
market.
 BOMBAY STOCK EXCHANGE
The origin of the Bombay stock exchange date back
to 1875. It was organized under “the name of the native
stock and shares brokers association” as a voluntary
and non-profit market association.
COMPANY PROFILE
COMPANY NAME : ASYLE CAPITAL
NATURE OF WORK : SHARE TRADING
ADDRESS : 222-D, 6th street,
Near sriDevi car parking,
Gandhipuram,
Coimbatore- 641 012.
MANAGING DIRECTOR : Mr. K.Kalimuthu
PHONE NO : 0422-4392306
E-MAIL : asylecpitals2008@gmail.ccom
EMPLOYERS : 50 Members
BANK : KVB
ESTABLISED : 2008
LOGO :
STATEMENT OF THE PROBLEM

 The equity market today is presented with a very

challenging task ahead of them in trying to attract
Indian investors who traditionally looks for three main
aspects that are yield, liquidity and safety in
investments.
 The study generally indicates the equity derivative

market of banking companies listed in Bombay Stock

Exchange to examine the equity derivative price
fluctuation.
OBJECTIVES OF THE STUDY
 To analyze the equity share price movement of
selected banking companies of BSE.

 To predict the three year fluctuations in the share price

using technical analysis.
METHODOLOGY
SOURCE OF DATA
 The study is mainly based on secondary data collected

from the websites of “bseindia.com”.

PERIOD OF STUDY
 The study covers a period of 3 years from 2013-2014

to 2015-2016.
TOOLS USED FOR ANALYSIS
 The methods of analysis or tools which are going to be
used in this project are as follows
 Mean
 Standard Deviation
 Co-efficient of Variation
 Moving Average
 Trend Analysis
LIMITATIONS OF THE STUDY
 The researcher is unable to predict the price
movements accurately whether the price is moving up
or coming down.
 The study focus on banking companies listed in BSE.
 The study is applicable only for three years.
CHAPTER SCHEME
 Chapter I deals with the introduction about the
project, statement of the problem, objectives,
methodology, importance and limitations of the study
and chapter scheme.
 Chapter II deals with the profile of the selected

banking company.
 Chapter III deals with the analysis of share price

behavior of selected banking companies of BSE.

 Chapter IV deals with findings, suggestions and

conclusion of the study.

 MOVING AVERAGE
MOVING AVERAGE OF AXIS BANK
The share price movements of AXIS BANK from 2013-2014 are given
below. MONTH CLOSING PRICE MOVING AVERAGE
APRIL 1492.7

MAY 1430.55 1416.15

JUNE 1325.2 1263.433
JULY 1034.55 1064.233
AUGUST 832.95 958.45
SEPTEMBER 1007.85 1021.167
OCTOBER 1222.7 1128.833
NOVEMBER 1155.95 1226.067
DECEMBER 1299.55 1192.817
JANUARY 1122.95 1229.85
FEBRUARY 1267.05 1283.5
MARCH 1460.5
MEAN 1178.45

SD 136.8373

CV
11.61163
r 0.902486

The above table shows about the share price movements and descriptive
analysis of AXIS bank for the period 2013-2014 . The average closing price
during the period is Rs.1178.45. The ‘r’ value is 0.90 which shows that AXIS
bank is positive correlated with the closing price of BSE during the study period.
MOVING AVERAGE OF HDFC BANK
The share price movements of HDFC BANK from 2013-2014 are given
below.
MONTH CLOSING PRICE MOVING AVERAGE
APRIL 682.3

MAY 700.5 684.1

JUNE 669.5 659.9167
JULY 609.75 624.4167
AUGUST 594 598.9333
SEPTEMBER 593.05 622.6167
OCTOBER 680.8 645.05
NOVEMBER 661.3 669.3167
DECEMBER 665.85 651.8833
JANUARY 628.5 654.65
FEBRUARY 669.6 682.3
MARCH 748.8
MEAN 649.3183

SD 27.35519

CV 4.212909

r 0.851286

The above table shows about the share price movements and
descriptive analysis of HDFC bank for the period 2013-2014 . The
average closing price during the period is Rs.649.31. The ‘r’ value is
0.85 which shows that HDFC bank is positive correlated with the closing
price of BSE during the study period.
MOVING AVERAGE OF ICICI BANK
The share price movements of ICICI BANK from 2013-2014 are given
below.
MONTH CLOSING PRICE MOVING AVERAGE
APRIL 1163.65

MAY 1154.45 1129.617

JUNE 1070.75 1044.75
JULY 909.05 927.85
AUGUST 803.75 865.4833
SEPTEMBER 883.65 936.1167
OCTOBER 1120.95 1024.417
NOVEMBER 1068.65 1096.117
DECEMBER 1098.75 1051.7
JANUARY 987.7 1043.433
FEBRUARY 1043.85 1092.2
MARCH 1245.05
MEAN 1021.168

SD 84.72063

CV 8.296441

r 0.900642

The above table shows about the share price movements and
descriptive analysis of ICICI bank for the period 2013-2014 . The
average closing price during the period is Rs.1021.168. The ‘r’ value is
0.90 which shows that ICICI bank is positive correlated with the closing
price of BSE during the study period.
MOVING AVERAGE OF SBI
The share price movements of SBI from 2013-2014 are given below.
MONTH CLOSING PRICE MOVING AVERAGE
APRIL 2264.3

MAY 2046.75 2088.283

JUNE 1953.8 1902.983
JULY 1708.4 1727.05
AUGUST 1518.95 1614.083
SEPTEMBER 1614.9 1643.533
OCTOBER 1796.75 1743.7
NOVEMBER 1819.45 1794.233
DECEMBER 1766.5 1703.267
JANUARY 1523.85 1607.867
FEBRUARY 1533.25 1658.267
MARCH 1917.7
MEAN 1748.327

SD 149.4225

CV 8.546603

r 0.939125

The above table shows about the share price movements and
descriptive analysis of SBI for the period 2013-2014 . The average
closing price during the period is Rs.1748.327. The ‘r’ value is 0.94
which shows that SBI is positive correlated with the closing price of BSE
during the study period.
MOVING AVERAGE OF AXIS BANK
The share price movements of AXIS BANK from 2014-2015 are given
below.
MONTH CLOSING PRICE MOVING AVERAGE
APRIL 1517.2

MAY 1836.15 1757.4

JUNE 1918.85 1382.217
JULY 391.65 902.5833
AUGUST 397.25 388.8667
SEPTEMBER 377.7 404.7833
OCTOBER 439.4 432.7667
NOVEMBER 481.2 474.3333
DECEMBER 502.4 523.9
JANUARY 588.1 552.55
FEBRUARY 567.15 571.8167
MARCH 560.2
MEAN 739.1217

SD 469.6014

CV 63.53505

r 0.919697

The above table shows about the share price movements and descriptive
analysis of AXIS BANK for the period 2014-2015 . The average closing price
during the period is Rs.739.1217. The ‘r’ value is 0.919697 which shows that
AXIS BANK is highly correlated with the closing price of BSE during the study
period.
 MOVING AVERAGE OF HDFC BANK
The share price movements of HDFC BANK from 2014-2015 are given
below.
MONTH CLOSING PRICE MOVING AVERAGE
APRIL 721.3

MAY 792.75 778.5333

JUNE 821.55 816.1
JULY 834 833.0333
AUGUST 843.55 850.0667
SEPTEMBER 872.65 876.0167
OCTOBER 911.85 913.8833
NOVEMBER 957.15 940.2
DECEMBER 951.6 995.3667
JANUARY 1077.35 1027.65
FEBRUARY 1054 1051.35
MARCH 1022.7
MEAN 908.22

SD 93.55669

CV 10.3011

r 0.971408

The above table shows about the share price movements and descriptive
analysis of HDFC BANK for the period 2014-2015 . The average closing price
during the period is Rs.908.22. The ‘r’ value is 0.97 which shows that HDFC BANK
is positive correlated with the closing price of BSE during the study period.
 MOVING AVERAGE OF ICICI BANK
The share price movements of ICICI BANK from 2014-2015 are given
below.
MONTH CLOSING PRICE MOVING AVERAGE
APRIL 1243.4

MAY 1418.05 1359.867

JUNE 1418.15 1435.817
JULY 1471.25 1482.067
AUGUST 1556.8 1487.2
SEPTEMBER 1433.55 1539
OCTOBER 1626.65 1137.027
NOVEMBER 350.88 776.8767
DECEMBER 353.1 354.8933
JANUARY 360.7 349.6833
FEBRUARY 335.25 337.15
MARCH 315.5
MEAN 1025.958

SD 518.5428

CV 50.54231

r 0.928634

The above table shows about the share price movements and descriptive
analysis of ICICI BANK for the period 2014-2015 . The average closing price
during the period at Rs.1025.958. The ‘r’ value is 0.928634 which shows that ICICI
BANK is positive correlated with the closing price of BSE during the study period.
 MOVING AVERAGE OF SBI
The share price movements of SBI from 2014-2015 are given below.
MONTH CLOSING PRICE MOVING AVERAGE
APRIL 2078.6

MAY 2542.25 2435.7

JUNE 2686.25 2555.917
JULY 2439.25 2528.733
AUGUST 2460.7 2448.55
SEPTEMBER 2445.7 1725.56
OCTOBER 270.28 1012.46
NOVEMBER 321.4 301.1767
DECEMBER 311.85 314.0667
JANUARY 308.95 306.9
FEBRUARY 299.9 291.9667
MARCH 267.05
MEAN 1392.103

SD 1046.005

CV 75.13847

r 0.955926

The above table shows about the share price movements and descriptive
analysis of SBI for the period 2014-2015 . The average closing price during the
period is Rs.1392.103. The ‘r’ value is 0.955926 which shows that SBI is positive
correlated with the closing price of BSE during the study period.
 MOVING AVERAGE OF AXIS BANK
The share price movements of AXIS BANK from 2015-2016 are given
below.
MONTH CLOSING PRICE MOVING AVERAGE
APRIL 567.8

MAY 585.4 570.7167

JUNE 558.95 572.6167
JULY 573.5 546.7333
AUGUST 507.75 525.6333
SEPTEMBER 495.65 492.9333
OCTOBER 475.4 480.0667
NOVEMBER 469.15 464.55
DECEMBER 449.1 442.2167
JANUARY 408.4 411.0833
FEBRUARY 375.75 407.2167
MARCH 437.5
MEAN 491.3767

SD 61.39969

CV 12.49544

r 0.974508

The above table shows about the share price movements and descriptive analysis
of AXIS BANK for the period 2015-2016 . The average closing price during the
period is Rs.491.3767. The ‘r’ value is 0.97 which shows that AXIS BANK is positive
correlated with the closing price of BSE during the study period.
 MOVING AVERAGE OF HDFC BANK
The share price movements of HDFC BANK from 2015-2016 are given
below.
MONTH CLOSING PRICE MOVING AVERAGE
APRIL 988.8

MAY 1050.55 1035.5

JUNE 1067.15 1076.45
JULY 1111.65 1068.75
AUGUST 1027.45 1069.3
SEPTEMBER 1068.8 1065.283
OCTOBER 1099.6 1082.05
NOVEMBER 1077.75 1086.5
DECEMBER 1082.15 1069.917
JANUARY 1049.85 1034.617
FEBRUARY 971.85 1023.683
MARCH 1049.35
MEAN 1061.205

SD 21.85128

CV 2.059101

r 0.711915

The above table shows about the share price movements and descriptive analysis
of HDFC BANK for the period 2015-2016 . The average closing price during the
period is Rs.1061.205. The ‘r’ value is 0.71 which shows that HDFC BANK is
positive correlated with the closing price of BSE during the study period.
 MOVING AVERAGE OF ICICI BANK
The share price movements of ICICI BANK from 2015-2016 are given
below.
MONTH CLOSING PRICE MOVING AVERAGE
APRIL 331.15

MAY 317.25 318.8

JUNE 308 309.2167
JULY 302.4 296.1
AUGUST 277.9 283.55
SEPTEMBER 270.35 275.0833
OCTOBER 277 274.0333
NOVEMBER 274.75 271.0333
DECEMBER 261.35 255.4167
JANUARY 230.15 227.1833
FEBRUARY 190.05 218.1333
MARCH 234.2
MEAN 272.855

SD 32.45845

CV 11.89586

r 0.97052

The above table shows about the share price movements and descriptive analysis
of ICICI BANK for the period 2015-2016 . The average closing price during the
period is Rs.272.855. The ‘r’ value is 0.97 which shows that ICICI BANK is positive
correlated with the closing price of BSE during the study period.
 MOVING AVERAGE OF SBI
The share price movements of SBI from 2015-2016 are given below.
MONTH CLOSING PRICE MOVING AVERAGE
APRIL 269.75

MAY 278.15 270.2167

JUNE 262.75 270.3167
JULY 270.05 260.05
AUGUST 247.35 251.5167
SEPTEMBER 237.15 240.5167
OCTOBER 237.05 241.4667
NOVEMBER 250.2 237.2333
DECEMBER 224.45 218.1833
JANUARY 179.9 187.7
FEBRUARY 158.75 178.4167
MARCH 196.6
MEAN 235.5617

SD 31.94376

CV 13.56068

r 0.975106

The above table shows about the share price movements and descriptive analysis
of SBI for the period 2015-2016 . The average closing price during the period is
Rs.235.5617. The ‘r’ value is 0.98 which shows that SBI is positive correlated with the
closing price of BSE during the study period.
 TREND ANALYSIS
TREND ANALYSIS OF AXIS BANK

The closing price, increase/decrease, percentage of increase/decrease, trend value of AXIS BANK is given below for the period of
2013-2014.

140
MONTH CLOSING Increase/ Percentage Trend Value
PRICE Decrease of
Increase/De 120
crease
APRIL 1492.7
100

MAY 1430.55 -62.15 -4.34448 95.8364

80
JUNE 1325.2 -105.35 -7.94974 92.6357
JULY 1034.55 -290.65 -28.0943 78.06746
60
AUGUST 832.95 -201.6 -24.2031 80.51327
SEPTEMBER 1007.85 174.9 17.35377 120.9977 40
OCTOBER 1222.7 214.85 17.57177 121.3177
NOVEMBER 1155.95 -66.75 -5.77447 94.54077 20
DECEMBER 1299.55 143.6 11.04998 112.4227
JANUARY 1122.95 -176.6 -15.7264 86.41068 0
IL AY E LY T R R R R Y Y H
R
JU
N
JU US BE BE BE BE AR UAR RC
FEBRUARY 1267.05 144.1 11.37287 112.8323 AP M G M O M M U A
AU PT E CT VE ECE JAN EBR M
O O F
MARCH 1460.5 193.45 13.24546 115.2677 SE N D

The chart shows the trend of AXIS BANK for the period of 2013-2014 and
its overall trend is positive and shows fluctuating trend.
 TREND ANALYSIS OF HDFC BANK

The closing price, increase/decrease, percentage of increase/decrease, trend value of HDFC BANK is given below for the period of 2013-2014.

MONTH CLOSING Increase/ Percentage Trend Value

PRICE Decrease of HDFC BANK
Increase/De
crease 140

APRIL 682.3 120

MAY 700.5 18.2 2.598144 102.6674

100
JUNE 669.5 -31 -4.63032 95.57459
JULY 609.75 -59.75 -9.7991 91.07543 80
Trend Value
AUGUST 594 -15.75 -2.65152 97.41697
60 Linear (Trend Value)
SEPTEMBER 593.05 -0.95 -0.16019 99.84007
OCTOBER 680.8 87.75 12.88925 114.7964 40

NOVEMBER 661.3 -19.5 -2.94874 97.13572

20
DECEMBER 665.85 4.55 0.683337 100.688
JANUARY 628.5 -37.35 -5.94272 94.39063 0
IL E T R R Y
FEBRUARY 669.6 41.1 6.137993 106.5394 R N US BE BE AR
AP JU G O E M U
AU CT EC EB
R
MARCH 748.8 79.2 10.57692 111.828 O D F

The chart shows the trend of HDFC BANK for the period of 2013-2014 and
its overall trend is positive.
 TREND ANALYSIS OF ICICI BANK

The closing price, increase/decrease, percentage of increase/decrease, trend value of ICICI BANK is given below for the period of 2013-2014.

MONTH CLOSING Increase/ Percentage Trend Value

PRICE Decrease of ICICI BANK
Increase/De 140
crease
APRIL 1163.65 120

MAY 1154.45 -9.2 -0.79692 99.20938 100

JUNE 1070.75 -83.7 -7.81695 92.74979
80
JULY 909.05 -161.7 -17.7878 84.89844
Trend Value
AUGUST 803.75 -105.3 -13.1011 88.41648 60 Linear (Trend Value)
SEPTEMBER 883.65 79.9 9.042042 109.9409
OCTOBER 1120.95 237.3 21.16954 126.8545 40

NOVEMBER 1068.65 -52.3 -4.89403 95.33431

20
DECEMBER 1098.75 30.1 2.739477 102.8166
JANUARY 987.7 -111.05 -11.2433 89.89306 0
IL E T R R Y
FEBRUARY 1043.85 56.15 5.379125 105.6849 R
JU
N US BE BE AR
AP G O M U
AU CT EC
E BR
MARCH 1245.05 201.2 16.15999 119.2748 O D FE

The chart shows the trend of ICICI BANK for the period of 2013-2014 and
its overall trend is positive and increasing trend.
 TREND ANALYSIS OF SBI

The closing price, increase/decrease, percentage of increase/decrease, trend value of SBI is given below for the period of 2013-2014.

MONTH CLOSING Increase/ Percentage Trend Value

PRICE Decrease of SBI
Increase/De
crease 140

APRIL 2264.3 120

MAY 2046.75 -217.55 -10.629 90.39217 100

JUNE 1953.8 -92.95 -4.7574 95.45865 80

JULY 1708.4 -245.4 -14.3643 87.43986
60
AUGUST 1518.95 -189.45 -12.4724 88.91068
SEPTEMBER 1614.9 95.95 5.941544 106.3169 40

OCTOBER 1796.75 181.85 10.12105 111.2608 20

NOVEMBER 1819.45 22.7 1.24763 101.2634
0
DECEMBER 1766.5 -52.95 -2.99745 97.08978 IL
R AY N
E LY
US
T
BE
R
BE
R
BE
R
BE
R Y
AR UAR
Y H
AP M JU JU G M O M M U ARC
JANUARY 1523.85 -242.65 -15.9235 86.2638 AU PT E CT VE ECE JAN EBR M
O O F
FEBRUARY 1533.25 9.4 0.613077 100.6169 SE N D

MARCH 1917.7 384.45 20.04745 125.0742

Trend Value Linear (Trend Value)

The chart shows the trend of SBI for the period of 2013-2014 and its overall
trend is positive.
 TREND ANALYSIS OF AXIS BANK

The closing price, increase/decrease, percentage of increase/decrease, trend value of AXIS BANK is below for the period of 2014-2015.

MONTH CLOSING Increase/ Percentage Trend Value

PRICE Decrease of AXIS BANK
Increase/De
crease 140

APRIL 1517.2 120

MAY 1836.15 318.95 17.37059 121.0223

100
JUNE 1918.85 82.7 4.309873 104.504
JULY 391.65 -1527.2 -389.94 20.41066 80
Trend Value
AUGUST 397.25 5.6 1.409692 101.4298
60 Linear (Trend Value)
SEPTEMBER 377.7 -19.55 -5.17607 95.07867
OCTOBER 439.4 61.7 14.04188 116.3357 40

NOVEMBER 481.2 41.8 8.686617 109.513

20
DECEMBER 502.4 21.2 4.219745 104.4057
JANUARY 588.1 85.7 14.57235 117.0581 0
IL E T R R Y
FEBRUARY 567.15 -20.95 -3.69391 96.43768 R
JU
N US BE BE AR
AP G O M U
AU CT ECE EBR
MARCH 560.2 -6.95 -1.24063 98.77457 O D F

The chart shows the trend of AXIS BANK for the period of 2014-2015 and
its overall trend is positive.
 TREND ANALYSIS OF HDFC BANK

The closing price, increase/decrease, percentage of increase/decrease, trend value of HDFC BANK is given below for the period of 2014-2015.

MONTH CLOSING Increase/ Percentage Trend Value

PRICE Decrease of HDFC BANK
Increase/De
crease 115

APRIL 721.3
110
MAY 792.75 71.45 9.01293 109.9057
JUNE 821.55 28.8 3.505569 103.6329 105

JULY 834 12.45 1.492806 101.5154

100 Trend Value
AUGUST 843.55 9.55 1.13212 101.1451
Linear (Trend Value)
SEPTEMBER 872.65 29.1 3.33467 103.4497
95
OCTOBER 911.85 39.2 4.298953 104.4921
NOVEMBER 957.15 45.3 4.732801 104.9679 90
DECEMBER 951.6 -5.55 -0.58323 99.42015
JANUARY 1077.35 125.75 11.67216 113.2146 85
IL E T R R Y
FEBRUARY 1054 -23.35 -2.21537 97.83264 R
JU
N US BE BE AR
AP G O M U
AU CT ECE EBR
MARCH 1022.7 -31.3 -3.06053 97.03036 O D F

The chart shows the trend of HDFC BANK for the period of 2014-2015 and
its overall trend is positive.
 TREND ANALYSIS OF ICICI BANK

The closing price, increase/decrease, percentage of increase/decrease, trend value of ICICI BANK is given below for the period of 2014-2015.

MONTH CLOSING Increase/ Percentage Trend Value

PRICE Decrease of ICICI BANK
Increase/De
crease 120

APRIL 1243.4
100
MAY 1418.05 174.65 12.31621 114.0462
JUNE 1418.15 0.1 0.007051 100.0071 80

JULY 1471.25 53.1 3.609176 103.7443

60 Trend Value
AUGUST 1556.8 85.55 5.495247 105.8148
Linear (Trend Value)
SEPTEMBER 1433.55 -123.25 -8.59754 92.08312
40
OCTOBER 1626.65 193.1 11.87102 113.4701
NOVEMBER 350.88 -1275.77 -363.592 21.57071 20
DECEMBER 353.1 2.22 0.628717 100.6327
JANUARY 360.7 7.6 2.107014 102.1524 0
IL E T R R Y
FEBRUARY 335.25 -25.45 -7.59135 92.94428 R
JU
N US BE BE AR
AP G O M U
AU CT ECE EBR
MARCH 315.5 -19.75 -6.2599 94.10887 O D F

The chart shows the trend of ICICI BANK for the period of 2014-2015 and
its overall trend is positive.
 TREND ANALYSIS OF SBI

The closing price, increase/decrease, percentage of increase/decrease, trend value of SBI is gievn below for the period of 2014-2015.

MONTH CLOSING Increase/ Percentage Trend Value

PRICE Decrease of SBI
Increase/De
crease 140

APRIL 2078.6 120

MAY 2542.25 463.6499 18.23778 122.3059

100
JUNE 2686.25 144 5.360633 105.6643
JULY 2439.25 -247 -10.1261 90.80503 80
Trend Value
AUGUST 2460.7 21.4502 0.871711 100.8794
60 Linear (Trend Value)
SEPTEMBER 2445.7 -15 -0.61332 99.39042
OCTOBER 270.28 -2175.42 -804.876 11.05123 40

NOVEMBER 321.4 51.12 15.90541 118.9137

20
DECEMBER 311.85 -9.55 -3.06237 97.02862
JANUARY 308.95 -2.9 -0.93866 99.07007 0
IL E T R R Y
FEBRUARY 299.9 -9.05 -3.01767 97.07072 R
JU
N US BE BE AR
AP G O M U
AU CT ECE EBR
MARCH 267.05 -32.85 -12.3011 89.04635 O D F

The chart shows the trend of SBI for the period of 2014-2015 and its overall
trend is positive.
 TREND ANALYSIS OF AXIS BANK

The closing price, increase/decrease, percentage of increase/decrease, trend value of AXIS BANK is gievn bellow for the period of 2015-2016.

MONTH CLOSING Increase/ Percentage Trend Value

PRICE Decrease of AXIS BANK
Increase/De
crease 140

APRIL 567.8 120

MAY 585.4 17.6 3.006491 103.0997

100
JUNE 558.95 -26.45 -4.73209 95.48172
JULY 573.5 14.55 2.537053 102.6031 80
Trend Value
AUGUST 507.75 -65.75 -12.9493 88.53531
60 Linear (Trend Value)
SEPTEMBER 495.65 -12.1 -2.44124 97.61694
OCTOBER 475.4 -20.25 -4.25957 95.91446 40

NOVEMBER 469.15 -6.25 -1.3322 98.68532

20
DECEMBER 449.1 -20.05 -4.46448 95.72631
JANUARY 408.4 -40.7 -9.96572 90.93743 0
IL E T R R Y
FEBRUARY 375.75 -32.65 -8.68929 92.00539 R
JU
N US BE BE AR
AP G O M U
AU CT ECE EBR
MARCH 437.5 61.75 14.11429 116.4338 O D F

The chart shows the trend of AXIS BANK for the period of 2015-2016 and
its overall trend is positive.
 TREND ANALYSIS OF HDFC BANK

The closing price, increase/decrease, percentage of increase/decrease, trend value of HDFC BANK is given below for the period of 2015-2016.

MONTH CLOSING Increase/ Percentage Trend Value

PRICE Decrease of HDFC BANK
Increase/De
crease 110

APRIL 988.8
105
MAY 1050.55 61.75 5.877873 106.2449
JUNE 1067.15 16.6 1.555545 101.5801 100

JULY 1111.65 44.5 4.003059 104.17

95 Trend Value
AUGUST 1027.45 -84.2 -8.19505 92.42567
Linear (Trend Value)
SEPTEMBER 1068.8 41.35 3.868825 104.0245
90
OCTOBER 1099.6 30.8 2.801019 102.8817
NOVEMBER 1077.75 -21.85 -2.02737 98.01291 85
DECEMBER 1082.15 4.4 0.406598 100.4083
JANUARY 1049.85 -32.3 -3.07663 97.0152 80
IL E T R R Y
FEBRUARY 971.85 -78 -8.02593 92.57037 R
JU
N US BE BE AR
AP G O M U
AU CT ECE EBR
MARCH 1049.35 77.5 7.385524 107.9745 O D F

The chart shows the trend of HDFC BANK for the period of 2015-2016 and
its overall trend is positive.
 TREND ANALYSIS OF ICICI BANK

The closing price, increase/decrease, percentage of increase/decrease, trend value of ICICI BANK is given below for the period of 2015-2016.

MONTH CLOSING Increase/ Percentage Trend Value

PRICE Decrease of ICICI BANK
Increase/De
crease 140

APRIL 331.15 120

MAY 317.25 -13.9 -4.3814 95.80251

100
JUNE 308 -9.25 -3.00325 97.08432
JULY 302.4 -5.6 -1.85185 98.18182 80
Trend value
AUGUST 277.9 -24.5 -8.81612 91.89815
60 Linear (Trend value)
SEPTEMBER 270.35 -7.55 -2.79268 97.2832
OCTOBER 277 6.65 2.400722 102.4598 40

NOVEMBER 274.75 -2.25 -0.81893 99.18773

20
DECEMBER 261.35 -13.4 -5.12722 95.12284
JANUARY 230.15 -31.2 -13.5564 88.06199 0
IL E T R R Y
FEBRUARY 190.05 -40.1 -21.0997 82.57658 R N US BE BE AR
AP JU G O M U
AU CT ECE E BR
MARCH 234.2 44.15 18.85141 123.2307 O D F

The chart shows the trend of ICICI BANK for the period of 2015-2016 and
its overall trend is positive.
 TREND ANALYSIS OF SBI

The closing price, increase/decrease, percentage of increase/decrease, trend value of SBI is given below for the period of 2015-2016.

MONTH CLOSING Increase/ Percentage Trend Value

PRICE Decrease of SBI
Increase/De
crease 140

APRIL 120
269.75
MAY
278.15 8.4 3.019953 103.114 100
JUNE
262.75 -15.4 -5.86108 94.46342
JULY 80
270.05 7.3 2.703203 102.7783 Trent value
AUGUST
247.35 -22.7 -9.17728 91.59415 60 Linear (Trent value)
SEPTEMBER
237.15 -10.2 -4.30108 95.87629
OCTOBER 40
237.05 -0.1 -0.04219 99.95783
NOVEMBER
250.2 13.15 5.255795 105.5474 20
DECEMBER
224.45 -25.75 -11.4725 89.70823
JANUARY 0
179.9 -44.55 -24.7638 80.15148 IL E T R R Y
FEBRUARY R N US BE BE AR
158.75 -21.15 -13.3228 88.24347 AP JU G O M U
AU CT ECE EBR
MARCH O D F
196.6 37.85 19.25229 123.8425

The chart shows the trend of SBI for the period of 2015-2016 and its overall
trend is positive.
FINDINGS
 The average closing price of AXIS BANK during the study period is Rs.1178.15.
The co-efficient of variation is 11.61163; it shows the stability of the AXIS
BANK share price during the year. The Moving Average of AXIS BANK was
1416.15 to 1283.5 from the period 2013-2014

 The average closing price of HDFC BANK during the study period is
Rs.646.3183. The co-efficient of variation is 4.212909; it shows the stability of
the HDFC BANK share price during the year. The Moving Average of HDFC
BANK was 684.1 to 682.3 from the period 2013-2014

 The average closing price of ICICI BANK during the study period is
Rs.1021.168. The co-efficient of variation is 8.296441; it shows the stability of
the ICICI BANK share price during the year. The Moving Average of ICICI
BANK was 1129.617 to 1092.2 from the period 2013-2014

 The average closing price of SBI during the study period is Rs.1748.327. The co-
efficient of variation is 8.546603; it shows the stability of the SBI share price
during the year. The Moving Average of SBI was 2088.283 to 1658.267 from the
period 2013-2014
 The average closing price of AXIS BANK during the study period is
Rs.739.1217. The co-efficient of variation is 63.53505; it shows the stability of
the AXIS BANK share price during the year. The Moving Average of AXIS
BANK was 1757.4 to 571.8167 from the period 2014-2015

 The average closing price of HDFC BANK during the study period is Rs.908.22.
The co-efficient of variation is 10.3011; it shows the stability of the HDFC
BANK share price during the year. The Moving Average of HDFC BANK was
778.5333 to 1051.35 from the period 2014-2015

 The average closing price of ICICI BANK during the study period is
Rs.1025.958. The co-efficient of variation is 50.54231; it shows the stability of
the ICICI BANK share price during the year. The Moving Average of ICICI
BANK was 1359.867 to 337.15 from the period 2014-2015

 The average closing price of SBI during the study period is Rs.1392.103. The co-
efficient of variation is 75.13847; it shows the stability of the SBI share price
during the year. The Moving Average of SBI was 2435.7 to 291.9667 from the
period 2014-2015
 The average closing price of AXIS BANK during the study period is
Rs.491.3767. The co-efficient of variation is 12.49544; it shows the stability of
the AXIS BANK share price during the year. The Moving Average of AXIS
BANK was 570.7167 to 407.2167 from the period 2015-2016

 The average closing price of HDFC BANK during the study period is
Rs.1061.205. The co-efficient of variation is 2.059101; it shows the stability of
the HDFC BANK share price during the year. The Moving Average of HDFC
BANK was 1035.5 to 1023.683 from the period 2015-2016

 The average closing price of ICICI BANK during the study period is
Rs.272.855. The co-efficient of variation is 11.89586; it shows the stability of the
ICICI BANK share price during the year. The Moving Average of ICICI BANK
was 318.8 to 218.1333 from the period 2015-2016

 The average closing price of SBI during the study period is Rs.235.5617. The co-
efficient of variation is 13.56068; it shows the stability of the SBI share price
during the year. The Moving Average of SBI was 270.2167 to 178.4167 from the
period 2015-2016
SUGGESTIONS
The present study on the simple moving average model, trend analysis
applied on selected banking companies listed in BSE would help the
investors to take investment decision. It is suggested that the investors can
invest that earns higher average returns. Also, the investors can invest in
the companies which involves less risk and which moves along with the
market.
These are some of the suggestions given to the investors according to
the study.
 Trend value shows that the SBI performance is high during the study
period by comparing to other banks.
 Closing price of SBI is increased in the year 2013-2014 & 2014-2015.
 Closing price of HDFC bank is increased in the year 2015-2016.
CONCLUSION

In India most of the industries require huge amount of investments. Fund

are raised mostly through the issue of share. An investor is satisfied from the
reasonable return from investment in share price. Besides, the investors to
buy the shares from the share market either for speculation or investments.
An investor can succeed in his investment only he is able to select the
appropriate companies share price. The investors should keenly situations
like market price, economy, company progress, returns and the risk involved
in equity market before taking decision on a particular share. This study will
help the investors to know the share price movement of selected banking
companies of BSE and thus can succeeds.
THANK YOU