Professional Documents
Culture Documents
PROJECT REPORT
ON
1
DECLARATION
Original Work.
(HITESH KASLIWAL)
2
ACKNOWLEDGEMENTS
Any work accomplishment is seldom on person achievement .there
form or the other. It was my good luck that the staff of ANGEL
extent.
I sincerely thank who despite his tight schedule spared time for
HITESH KASLIWAL
3
Preface
too.
• Keeping all this in view, the present report has been written
for the promotion the brand position of Angel Broking in the
highly competitive environment and to study the consumer
behavior by working as a promoter at Modern Trade Centers.
4
CONTENTS
Fundamental Services
41
• Technological Services
• Commodity Services
Limitations
55
5
Study of Selected research problem
60
Research Methodology
81
Achievement
99
Conclusion
100
Recommendation
101
Questionnaire
102
Bibliography
109
6
companies in India are trying to establish themselves in the
competitive market. They are introducing innovative marketing
7
The first publicly issued security can be tracked back to the
fourteenth century in Venice where the government made the first
known issue of bonds. These government securities were
purchased by merchants and landowners as investments.
8
stations on the trading floor. The internet orders placed by clients
are first processed and authorized through the stock brokers’
computer system before being automatically placed on the stock
exchanges’ computer systems. This period saw the rise in
popularity and acceptance of online stock broking.
9
Member on the BSE and Depository Participant with
CDSL
Angel Capital & Debt Market Ltd.
Membership on the NSE Cash and Futures & Options Segment
Angel Commodities Broking Ltd.
Member on the NCDEX & MCX
Angel Securities Ltd.
Member on the BSE
Introduction
A stock market is a private or public market for the trading of company stock and
derivatives of company stock at an agreed price; both of these are securities listed on a
stock exchange as well as those only traded privately.
Trading
10
Participants in the stock market range from small individual stock investors to large
hedge fund traders, who can be based anywhere. Their orders usually end up with a
professional at a stock exchange, who executes the order.
Some exchanges are physical locations where transactions are carried out on a trading
floor, by a method known as open outcry. This type of auction is used in stock exchanges
and commodity exchanges where traders may enter "verbal" bids and offers
simultaneously. The other type of exchange is a virtual kind, composed of a network of
computers where trades are made electronically via traders.
Actual trades are based on an auction market paradigm where a potential buyer bids a
specific price for a stock and a potential seller asks a specific price for the stock. (Buying
or selling at market means you will accept any ask price or bid price for the stock,
respectively.) When the bid and ask prices match, a sale takes place on a first come first
served basis if there are multiple bidders or askers at a given price.
The movements of the prices in a market or section of a market are captured in price
indices called stock market indices, of which there are many, e.g., the S&P, the FTSE and
the Euronext indices. Such indices are usually market capitalization (the total market
value of floating capital of the company) weighted, with the weights reflecting the
contribution of the stock to the index. The constituents of the index are reviewed
frequently to include/exclude stocks in order to reflect the changing business
environment.
11
Derivative instruments
Financial innovation has brought many new financial instruments whose pay-offs or
values depend on the prices of stocks. Some examples are exchange-traded funds (ETFs),
stock index and stock options, equity swaps, single-stock futures, and stock index futures.
These last two may be traded on futures exchanges (which are distinct from stock
exchanges—their history traces back to commodities futures exchanges), or traded over-
the-counter. As all of these products are only derived from stocks, they are sometimes
considered to be traded in a (hypothetical) derivatives market, rather than the
(hypothetical) stock market.
The Bombay Stock Exchange Limited (formerly, The Stock Exchange, Mumbai;
popularly called The Bombay Stock Exchange, or BSE) is the oldest stock exchange in
Asia. It is located at Dalal Street, Mumbai, India.
12
The Bombay Stock Exchange was established in 1875. There are around 4,800 Indian
companies listed with the stock exchange[1], and has a significant trading volume. As of
August 2007, the equity market capitalization of the companies listed on the BSE was US
[2]
$ 1.11 trillion . The BSE SENSEX (SENSitive indEX), also called the "BSE 30", is a
widely used market index in India and Asia. It is located at Dalal Street, Mumbai, India.
Bombay Stock Exchange was established in 1875. There are around 4,800 Indian
companies listed with the stock exchange[1], and has a significant trading volume. As of
August 2007, the equity market capitalization of the companies listed on the BSE was US
$ 1.11 trillion [2]. The BSE SENSEX (SENSitive indEX), also called the "BSE 30", is a
widely used market index in India and Asia .
The National Stock Exchange of India was promoted by leading Financial institutions at
the behest of the Government of India, and was incorporated in November 1992 as a tax-
paying company. In April 1993, it was recognized as a stock exchange under the
13
Securities Contracts (Regulation) Act, 1956. NSE commenced operations in the
Wholesale Debt Market (WDM) segment in June 1994. The Capital Market (Equities)
segment of the NSE commenced operations in November 1994, while operations in the
Derivatives segment commenced in June 2000
Hang Seng" redirects here. For the bank with the same name, see Hang Seng Bank. For
all other uses, see Hang Seng (disambiguation).
The Hang Seng Index (abbreviated: HSI, Chinese: 恒 生 指 數 ) is a freefloat-adjusted
market capitalization-weighted stock market index in Hong Kong. It is used to record and
monitor daily changes of the largest companies of the Hong Kong stock market and is the
main indicator of the overall market performance in Hong Kong. These 40 companies
represent about 65% of capitalization of the Hong Kong Stock Exchange.
A stock market crash is often defined as a sharp dip in share prices of equities listed on
the stock exchanges. In parallel with various economic factors, a reason for stock market
14
crashes is also due to panic. Often, stock market crashes end up with speculative
economic bubbles.
There have been famous stock market crashes that have ended in the loss of billions of
dollars and wealth destruction on a massive scale. An increasing number of people are
involved in the stock market, especially since the social security and retirement plans are
being increasingly privatized and linked to stocks and bonds and other elements of the
market. There have been a number of famous stock market crashes like the Wall Street
Crash of 1929, the stock market crash of 1973–4, the Black Monday of 1987, the Dot-
com bubble of 2000. But those stock market crashes did not begin in 1929, or 1987. They
actually started years or months before the crash really hit hard.
One of the most famous stock market crashes started October 24, 1929 on Black
Thursday. The Dow Jones Industrial lost 50% during this stock market crash. It was the
beginning of the Great Depression. Another famous crash took place on October 19, 1987
The stock market is one of the most important sources for companies to raise money.
This allows businesses to go public, or raise additional capital for expansion. The
liquidity that an exchange provides affords investors the ability to quickly and easily sell
securities. This is an attractive feature of investing in stocks, compared to other less liquid
investments such as real estate.
History has shown that the price of shares and other assets is an important part of the
dynamics of economic activity, and can influence or be an indicator of social mood.
Rising share prices, for instance, tend to be associated with increased business investment
and vice versa. Share prices also affect the wealth of households and their consumption.
Therefore, central banks tend to keep an eye on the control and behavior of the stock
market and, in general, on the smooth operation of financial system functions. Financial
stability is the raison d'être of central banks.
15
Exchanges also act as the clearinghouse for each transaction, meaning that they collect
and deliver the shares, and guarantee payment to the seller of a security. This eliminates
the risk to an individual buyer or seller that the counterparty could default on the
transaction.
The smooth functioning of all these activities facilitates economic growth in that lower
costs and enterprise risks promote the production of goods and services as well as
employment. In this way the financial system contributes to increased prosperity.
16
mutual funds, hedge funds, insurance investment of premiums, etc. The trend towards
forms of saving with a higher risk has been accentuated by new rules for most funds and
insurance, permitting a higher proportion of shares to bonds. Similar tendencies are to be
found in other industrialized countries. In all developed economic systems, such as the
European Union, the United States, Japan and other developed nations, the trend has been
the same: saving has moved away from traditional (government insured) bank deposits to
more risky securities of one sort or another.
Riskier long-term saving requires that an individual possess the ability to manage the
associated increased risks. Stock prices fluctuate widely, in marked contrast to the
stability of (government insured) bank deposits or bonds. This is something that could
affect not only the individual investor or household, but also the economy on a large
scale. The following deals with some of the risks of the financial sector in general and the
stock market in particular. This is certainly more important now that so many newcomers
have entered the stock market, or have acquired other 'risky' investments (such as
'investment' property, i.e., real estate and collectables).
With each passing year, the noise level in the stock market rises. Television
commentators, financial writers, analysts, and market strategists are all overtalking each
other to get investors' attention. At the same time, individual investors, immersed in chat
rooms and message boards, are exchanging questionable and often misleading tips. Yet,
despite all this available information, investors find it increasingly difficult to profit.
Stock prices skyrocket with little reason, then plummet just as quickly, and people who
17
have turned to investing for their children's education and their own retirement become
frightened. Sometimes there appears to be no rhyme or reason to the market, only folly.
This is a quote from the preface to a published biography about the long-term value-
oriented stock investor Warren Buffett.[2] Buffett began his career with $100, and
$105,000 from seven limited partners consisting of Buffett's family and friends. Over the
years he has built himself a multi-billion-dollar fortune. The quote illustrates some of
what has been happening in the stock market during the end of the 20th century and the
beginning of the 21st.
The behavior of the stock market
18
According to the efficient market hypothesis (EMH), only changes in fundamental
factors, such as profits or dividends, ought to affect share prices. (But this largely
theoretic academic viewpoint also predicts that little or no trading should take place—
contrary to fact—since prices are already at or near equilibrium, having priced in all
public knowledge.) But the efficient-market hypothesis is sorely tested by such events as
the stock market crash in 1987, when the Dow Jones index plummeted 22.6 percent—the
largest-ever one-day fall in the United States. This event demonstrated that share prices
can fall dramatically even though, to this day, it is impossible to fix a definite cause: a
thorough search failed to detect any specific or unexpected development that might
account for the crash. It also seems to be the case more generally that many price
movements are not occasioned by new information; a study of the fifty largest one-day
share price movements in the United States in the post-war period confirms this.[3]
Moreover, while the EMH predicts that all price movement (in the absence of change in
fundamental information) is random (i.e., non-trending), many studies have shown a
marked tendency for the stock market to trend over time periods of weeks or longer.
Various explanations for large price movements have been promulgated. For instance,
some research has shown that changes in estimated risk, and the use of certain strategies,
such as stop-loss limits and Value at Risk limits, theoretically could cause financial
markets to overreact.
Other research has shown that psychological factors may result in exaggerated stock price
movements. Psychological research has demonstrated that people are predisposed to
'seeing' patterns, and often will perceive a pattern in what is, in fact, just noise.
(Something like seeing familiar shapes in clouds or ink blots.) In the present context this
means that a succession of good news items about a company may lead investors to
overreact positively (unjustifiably driving the price up). A period of good returns also
boosts the investor's self-confidence, reducing his (psychological) risk threshold.[4]
19
be familiar is the reluctance to enter a restaurant that is empty; people generally prefer to
have their opinion validated by those of others in the group.
In one paper the authors draw an analogy with gambling.[5] In normal times the market
behaves like a game of roulette; the probabilities are known and largely independent of
the investment decisions of the different players. In times of market stress, however, the
game becomes more like poker (herding behavior takes over). The players now must give
heavy weight to the psychology of other investors and how they are likely to react
psychologically.
The stock market, as any other business, is quite unforgiving of amateurs. Inexperienced
investors rarely get the assistance and support they need. In the period running up to the
recent Nasdaq crash, less than 1 per cent of the analyst's recommendations had been to
sell (and even during the 2000 - 2002 crash, the average did not rise above 5%). The
media amplified the general euphoria, with reports of rapidly rising share prices and the
notion that large sums of money could be quickly earned in the so-called new economy
stock market. (And later amplified the gloom which descended during the 2000 - 2002
crash, so that by summer of 2002, predictions of a DOW average below 5000 were quite
common.)
Irrational behavior
Sometimes the market tends to react irrationally to economic news, even if that news has
no real effect on the technical value of securities itself. Therefore, the stock market can be
swayed tremendously in either direction by press releases, rumors, euphoria and mass
panic.
Over the short-term, stocks and other securities can be battered or buoyed by any number
of fast market-changing events, making the stock market difficult to predict.
20
INDIAN STOCK MARKET
21
Any market that has experienced this sort of growth has an equally
substantial demand for highly efficient settlement procedures.
22
Advantages Of Online Trading
23
sell a stock at a certain time. While the investors are calling their
broker and the stock is being sold, the price could have dropped.
This could sometimes cost investors thousands of dollars. With
online trading, people can buy and sell at the exact time they
choose to do so because it is just a mouse click away.
24
charts that updates the investors’ portfolio throughout the day and
also lets investors create “watch lists” or mock portfolios that
monitor alternative investment options”. This means that customers
can plan out different investing stratifies and see how those
compare to the ones they are already invested in. These advantages
have contributed greatly to the increase of ntrading online.
25
over 1998 and nearly 2,000 percent higher than in 1997”. This
means that here was an increase in problems that the web sites
were having. This could have serious effects on investors because
they could think they bought a stock or sold a stock at a certain
time but in actuality the transaction registered late or not at all
costing that investor money.
26
Major Players in the BROKING Industry in
India
1 SHAREKHAN
2 ANAND RATHI
3 MOTILAL OSWAL
4 IL&FS
5 INDIABULLS
6 HDFC SECURITIES
7 INDIA INFOLINE
8 ANGELBROKING
9 RELIGARE
1
0 RELIANCE MONEY
1
1 ICICI DIRECT
1
2 BONANZA
1
3 MAGAL KESHAV
27
1
4 JAIPURK SECURITIES
1
5 UTI SECURITIES
1
6 GEOJIT
1
7 KARVY
1
8 MAN FINANCIAL
2
3 JP MORGAN STANLEY
2
4 ASIT C METHA
28
INTRODUCTION OF THE COMPANY
COMPANY PROFILE OF ANGEL BROKING LTD
The Angel Group has emerged as one of the top 5 retail stock
broking houses in India, having memberships on BSE, NSE and
the two leading commodity exchanges in the country i.e. NCDEX
and MCX. Angel Broking Ltd is also registered as a depository
participant with CDSL. It is the only 100% retail stock broking
house offering a gamut of retail centric services like Research,
Investment Advisory, and Wealth Management Services, E-
Broking & Commodities to individual investor.
29
VISION
PERSONALISED SERVICE
BUSINESS PHILOSOPHY
VALUES
• • INTEGRITY
• • TEAMWORK
• • QUALITY MINDSET
• • ENTREPRENEURSHIP
• • SERVICE ORIENTATION
30
ABOUT ANGEL
Equity Broking
Commodities
Depository
Research
E-broking
Advisory
31
• 50 member research team doing technical, fundamental,
derivative and commodity analysis, one of the largest in the
industry.
32
Award
Angel was awarded the coveted the “Major Volume Driver” trophy
from BSE for the Year 2004-2005, 2005 -2006 & 2006 -2007.That
means the maximum number of trade on BSE has been done from
Angel Broking Ltd
TIE UP BANK’S
• HDFC
• ICICI
• AXIS
• CORPORATION
• KARNATAKA
• YES
33
Products of Angel Broking
E-Broking
1. Angel Diet
2. Angel Trade
• No installation required
• Advantage of mobility
34
• Trading as simple as internet surfing
3. Angel Anywhere
35
Investment Advisory Services
36
• De-Risking Portfolio: A diversified portfolio of stocks is
always better than concentration in a single stock. Based on their
research, They diversify the portfolio in growth oriented sectors
and stocks to minimize the risk and optimize the returns.
Commodities
37
Depositary Participant Services
38
Portfolio Management Services
39
Mutual Fund
40
Benefits
41
FUNDAMENTAL SERVICES
42
Stock Analysis
Angel’s stock research has performed very well over the past few
years and angel model portfolio has consistently outperformed the
benchmark indices. The fundamentals of select scripts are
thoroughly analyzed and actionable advice is provided along with
investment rationale for each scrip.
43
Flash News
44
TECHNICAL SERVICES
Intra-Day Calls
45
Posting Trading Calls
46
Derivative Strategies
47
COMMODITIES SERVICES
Mainly gives the investors insight into and a forecast for agro
commodities viz. pulses(urad channa etc); reports on oil complex
(soyabean castor etc.) along with spices with reports on kapas guar
seed .
48
About AnandRathi
49
About Indiabulls
50
Business of the company has grown in leaps and bounds since its
inception. Revenue of the company grew at a CAGR of 159% from
FY03 to FY07. During the same period, profits of the company
grew at a CAGR of 184%.
51
Religare Securities Limited (RSL):-
52
• Religare is also providing in-house Depository services to
its clientele and is one of the leading depository service providers
in the country.
PMS YES NO
FUNDING NO YES
53
MARKET SHARE OF ANGEL BROKING LTD
M a r k e t S h a r e O f C o m p a n ie s
11%
26%
A n g e l B ro k in g L td
R e lig a re
28% In d ia b u lls
A n a n d R a th i
O th e rs
19%
16%
54
• Angel Broking Ltd. has the highest market coverage with
respect to channel sales. This is because Angel has the highest
number of sub-brokers. There are 105 sub-brokers in Jaipur
55
LIMITATIONS
1. Time constraint
2. Geographical constraint
8. Most of the people are not aware of the share market how to
trade so it’s hard to convince them
9. Jaipur is a very big city so it’s not easy to reach every single
customer
56
DISCUSSIONS ON TRAINING
JOB PROFILE (ROLE AND RESPONSIBILITIES)
57
• Be in touch with the existing client for purpose
of quality management
58
• Visiting to clients for the purpose account
opening
59
exposure given by company so order are rejected. This type of
queries we have to solve.
60
STUDENT CONTRIBUTION TO THE
ORGANIZATION
Bringing potential client to the organization, not only for the purpose
of trading but also for wealth management services (wms), which
includes portfolio management services, mutual funds, IPO, angel
gold. was my major contribution to the company.
61
STUDY OF SELECTED RESEARCH
PROBLEM
62
STATEMENT OF RESEARCH OBJECTIVE
• What is E-Broking?
• Benefit of E-Broking
• Benefit to User
• Benefit to Broker
What is E-Broking?
63
Prospects for E-Broking
These engines will obviate the need for a broker to develop his
own engines, and thus, resulted in capital investment savings.
However, a user can log on to these engines using the website of
the broker and trade electronically. These developments are,
therefore, expected to give a strong fillip to the e-broking industry
in India.
Benefit of E-Broking
In the recent year the use of internet has spread among investor
in stock and shares. The internet can make up to the minute
information available to a large number of investor that until
recently had only been available to those working in financial
institution. The use of online brokerage service automates the
process of buying and selling and hence reduction of commission
charges. Also the commodity being traded is intangible; the
ownership of stocks and shares can be recorded electronically, so
there is no requirement for physical delivery.
64
• Transparency of fund
• Save time
65
Benefit to User
2. Transparency
66
3. Convenience
67
Benefit to Broker
Under the online mechanism, the system would first check the
status of funds available with the client in his bank account and
only then allow to trade to take place. This process thus
substantially reduces the exposure of the broker to client related
credit and payment risk.
68
DESCRIPTION OF TERMINOLOGY USED
IN BROKING COMPANIES
Investment
The money you earn is partly spent and the rest saved for
meeting future expenses. Instead of keeping the savings idle you
may like to use savings in order to get return on it in the future.
This is called Investment.
69
The aim of investments should be to provide a return above the
inflation rate to ensure that the investment does not decrease in
value. For example, if the annual inflation rate is 6%, then the
investment will need to earn more than 6% to ensure it increases in
value.
The sooner one starts investing the better. By investing early you
allow your investments more time to grow, whereby the concept of
compounding (as we shall see later) increases your income, by
accumulating the principal and 7 the interest or dividend earned on
it, year after year. The three golden rules for all investors are:
• Invest early
• Invest regularly
4. Find out the costs and benefits associated with the investment
70
5. Assess the risk-return profile of the investment
71
What factors determine interest rates?
The factors which govern these interest rates are mostly economy
related and are commonly referred to as macroeconomic factors.
Some of these factors are:
• Supply of money
• Inflation rate
Physical assets
72
Financial assets
This is often the first banking product people use, which offers low
interest (4%-5% p.a.), making them only marginally better than
fixed deposits.
73
Fixed Deposits with Banks
74
A long term savings instrument with a maturity of 15 years and
interest payable at 8% per annum compounded annually. A PPF
account can be opened through a nationalized bank at anytime
during the year and is open all through
The year for depositing money. Tax benefits can be availed for the
amount invested and interest accrued is tax-free. A withdrawal is
permissible every year from the seventh financial year of the date
of opening of the account and the amount of withdrawal will be
limited to 50% of the balance at credit at the end of the 4th year
immediately preceding the year in which the amount is withdrawn
or at the end of the preceding year whichever is lower the amount
of loan if any.
Bonds:
75
A bond is generally a promise to repay the principal along with a
fixed rate of interest on a specified date, called the Maturity Date.
Mutual Funds:
76
What is an ‘Equity’/Share….?
What is a Derivative?
77
have become very popular and by 1990s, they accounted for about
two thirds of total transactions in derivative products.
What is an Index?
78
of securities indicates the index movement, whether upwards or
downwards.
What is a Depository?
What is Dematerialization?
SECURITIES
79
What is the function of Securities Market?
• Shares
• Government Securities
• Derivative products
80
Regulator
81
• Regulating the business in stock exchanges and any other
securities markets
82
Research Methodology
Definition of Research
83
Replicable, so others may test the findings by repeating it.
OBJECTIVE OF RESEARCH
Sampling Plan:
The sample was selected for the study by convenient method. This
type of sampling where each & every item in the population has an
equal chance of inclusion in the sample.
Sample unit:
Under the study the customers are considered the sample unit in
JAIPUR & Jaipur, Bundi Districts.
Sample size
84
JAIPUR Jaipur& Bundi Districts. The sample size was restricted to
100 because of financial & time constraint.
1. Primary sources:-
2. secondary sources:-
Preparation of Questionnaire :-
85
study was of closed type since it is free from bias nature of
respondents.
Analysis phase :-
86
Data Analysis & Interpretation
Completely
unaware, 9,
14%
Completely unaware
Aware, 33, 50% Have heard about them
Have heard
Aware
about them, 24,
36%
87
Q.2 Where would you like to Invest ?
50 44
40
30
21
18
20 12
11
10
0
Fixed S hare M arket P roperty Jewellery Insurance
Deposits
88
Q.3 Which company of the share market are you aware of ?
38
40
35 30 31
27 28
30
25
20
15 s
10
5
0
Angel Religare Indiabulls Anand Others
Broking Rathi
Companies' name
89
Q.4 Do you invest in share market ?
15, 23%
Yes
No
51, 77%
90
91
Q.5 In which brokerage house you have your demat account ?
10, 17%
92
6 How often do you trade ?
Sometimes, 18,
34% Daily, 18, 33%
Daily
Weekly
Monthly
Sometimes
Monthly, 4, 8%
Weekly, 13, 25%
93
Q.7 What is the brokerage charged(Intraday) by your company ?
1, 2%
3, 6%
9, 17%
.10-.25
>.25
>.50
>.75
40, 75%
94
Q.8 Which of these products apart from equity your company is
providing ?
35
30
25
20
15
10
0
Insurance Investment Mutual fund P.M.S Trading All of the above
advisory
Financial Products
95
Q.9 Does your company provide online trading ?
No, 6, 11%
Yes
No
96
Q.10 Are there any charges for online trading facility ?
97
Q.11 What ranks would you give to these companies as per their
services ?
16
14
14
12 12
12 11
10
10
0
Angel Broking Religare Indiabulls Anand Rathi Others
98
FINDINGS
99
• Around 38 People among total are more aware about Angel
Broking Ltd. and like to give preference
100
SUMMARY OF LEARNING EXPERIENCE
101
ACHIEVEMENTS
• I have achieved all the targets, which the company had set
for me for these two months. Up till now I have opened 4 demat
accounts, and assisted its employees in various other activities
102
CONCLUSION
103
104
Recommendations
105
Questionnaire
Name…………………………………….
Age…………………….
Occupation………………………………………………………..
Address……………………………………………………………
……………………………………………….
Jewellery Insurance
106
Yes No
Daily Weekly
Monthly
Sometimes
.10-.25 >.25
>.50
>.75
107
Insurance Investment Advisory
Mutual Fund
P.M.S Trading
All of the above
Yes No
Yes No
Yes No
12. What ranks would you give to these companies as per their
services ?
Angel Broking………………….
Religare…………………………..
108
Indiabulls………………………..
Anand Rathi……………………
Others……………………………
………………………………………………………………………
………………………………………………………………………
………………………………………………………………………
………………………………………………………………………
……………………………………….
………………………………………………………………………
………………………………………………………………………
………………………………………………………………………
………………………………………………………………………
………………………………………
a)…………………….
b)…………………….
109
16) Are you aware of the Prevailing system of performance
appraisal in your organization?
110
19) Extent of clarity in communication of the key
performance areas.
111
22) Extent to which the current appraisal system is
successful in finding the areas improvement in my
performance:
112
25) Do the appraisal system helps appraise to gain more
insights into their strengths and weakness:
BIBLIOGRAPHY
• www.angelharmony.com
• www.angelbroking.com
• www.google.com
• www.angeltrade.com
• www.timesofindia.com
113
• www.ivcj.com
114