A Study On Security Analysis For Selected Industries

A
STUDY ON
SECURITY ANALYSIS FOR SELECTED INDUSTRIES
WITH REFERENCE OF GOODWILL COMMODITIES,
TIRUPATI
Submitted to
JAWAHARLAL NEHRU TECHNOLOGICAL UNIVERSITY ANANTAPUR,
ANANTHAPURAMU
In partial fulfillment of the requirements for the award of the degree of

MASTER OF BUSINESS ADMINISTRATION
Submitted by
A. MAHESH BABU
(H.T.NO: XXXXXXXXXX)
Under the guidance of

Smt P. RAJITHA, MBA (Assistant Professor)
Smt C. UMADEVI, MBA (Assistant Professor)
DEPARTMENT OF BUSINESS ADMINISTRATION

ANNAMACHARYA PG COLLEGE OF COMPUTER STUDIES
New Boyanapalli, Rajampet-516126, A.P.
(Affiliated to JNTUA, Ananthapuramu)
2019
A STUDY ON SECURITY ANALYSIS FOR SELECTED INDUSTRIES
ANNAMACHARYA PG COLLEGE OF COMPUTER STUDIES

New Boyanapalli, Rajampet - 516126, AP
(Affiliated to JNTUA, Ananthapuramu)
This is to certify that the project report entitled “A Study on Security Analysis for
Selected Industries with Reference of Goodwill Commodities, Tirupati.,” is submitted
by Mr. A.MAHESH BABU, H.T.No XXXXXXXXXX, in partial fulfillment of the
requirements for the award of the degree of Master of Business Administration, to the
Department of MBA. This has not been submitted to any other university or institution for
the award of any degree/diploma/certificate.
Signature of the Principal Signature of the Guide
Signature of the External Examiner
A. MAHESH BABU
Mobile No : 8297619656, E-Mail : arava.maheswarreddy@gmail.com
DECLARATION
I do hereby declare that this project report entitled “A Study On Security Analysis For
Selected Industries With Reference of Goodwill Commodities, Tirupati.,” is submitted
by me to the Department of Business Administration, Annamacharya P.G. College of
Computer Studies, Rajampet, is a bonafied work carried out by me and this is not submitted
to any other university or institution for the award of any degree/ diploma/certificate.
Date: 15-04-2019 Signature of the Student
Place: Rajampet (A. MAHESH BABU)
A. MAHESH BABU
ACKNOWLEDGEMENT
First I would like to thank my Project Guide Smt. P. RAJITHA for his constructive
comments, assistance and guidance starting from the inception of the project idea up to the
completion of the work. Without exaggeration, had it not been for his support and
cooperative assistance the finalization of the project report would not have been possible.
My profound thanks to the Principal Dr. P. CHITTI BABU Head of the Internal
Departmental Committee of Annamacharya PG College of Computer Studies, for his
advice, critical comments and fast response for all my requests starting from the synopsis
preparation and up to the completion of the report.
Finally I wish to express my gratitude to Mr. G. PURUSHOTHAM, Manager of
GOODWILL COMMODITIES, TIRUPATHI. Who gave irreplaceable support to grasp
the field in a new perspective.
(A. MAHESH BABU)
A. MAHESH BABU
TABLE OF CONTENTS
CONTENTS Page No
1.1 Introduction to Topic
CHAPTER I
1.2 Industry Profile 01-17
INTRODUCTION 1.3 Company Profile
2.1 Need of The Study
2.2 Problem Definition
2.3 Study Objectives
CHAPTER II
2.4 Scope of The Study
2.5 Period of the Study 18-23
RESEARCH
2.6 Data Sources
METHODOLOGY
2.7 Sampling Design
2.8 Tools of Analysis
2.9 Limitations of the Study
3.1 Calculation of Returns
3.2 Calculation of Risk
CHAPTER III
3.2.1 Standard deviation
DATA ANALYSIS & 24-55
3.2.2 Variance
INTERPRETATION
3.2.4 Coefficient of variance
3.3 Simple Moving Average
CHAPTER IV
Findings
FINDINGS
Suggestions 56-58
SUGGESTIONS
Conclusion
CONCLUSION
Bibliography
APPENDIX Financial Reports
A. MAHESH BABU
LIST OF TABLES
TABLE PAGE
TITLE
NO NO
3.1.1 Returns of Pharmaceutical industry – Jan 2018 to Dec 2018 24
3.1.2 Average returns of Pharmaceutical industry selected companies 25
3.1.3 Pharmaceutical industry index points returns- Jan 2018 to Dec 2018 25
3.1.4 Returns of I.T industry – Jan 2018 to Dec 2018 27
3.1.5 Average returns of I.T industry selected companies 28
3.1.6 I.T industry index points returns – Jan 2018 to Dec 2018 28
3.1.7 Returns of Automobile industry – Jan 2018 to Dec 208 30
3.1.8 Average returns of Automobile industry selected companies 31
3.1.9 Automobile industry index points returns – Jan 2018 to Dec 2018 31
3.1.10 Returns of Banking industry – Jan 2018 to Dec 2018 33
3.1.11 Average returns of Banking industry selected companies 34
3.1.12 Banking industry index points returns – Jan 2018 to Dec 2018 34
3.1.13 Returns of Cement industry – Jan 2018 to Dec 2018 36
3.1.14 Average returns of Cement industry selected companies 37
3.1.15 Cement industry index points returns – Jan 2018 to Dec 2018 37
3.1.16 Returns of Telecom industry – Jan 2018 to Dec 2018 39
3.1.17 Average returns of Telecom industry selected companies 39
3.1.18 Telecom industry index points returns – Jan 2018 to Dec 2018 40
3.2.1 Comparison of risk and return for the Pharmaceutical industry 42
3.2.2 Comparison of risk and return for the I.T industry 43
3.2.3 Comparison of risk and return for the Automobile industry 44
3.2.4 Comparison of risk and return for the Banking industry 45
3.2.5 Comparison of risk and return for the Cement industry 46
3.2.6 Comparison of risk and return for the Telecom industry 47
3.3.1 Simple moving average of Pharmaceutical industry 48
3.3.2 Simple moving average of I.T. industry index 49
3.3.3 Simple moving average of Automobile industry index 50
3.3.4 Simple moving average of Banking industry index 51
3.3.5 Simple moving average of Cement industry index 52
3.3.6 Simple moving average of Telecom industry index 53
3.4 Comparison of risk and returns for the selected industries wise 54
A. MAHESH BABU
LIST OF GRAPHS
GRAPH NO TITLE PAGE NO

3.1.1 Pharmaceutical industry index points returns 25
3.1.2 I.T industry index points returns 28
3.1.3 Automobile industry index points returns 31
3.1.4 Banking industry index points returns 34
3.1.5 Cement industry index points returns 37
3.1.6 Telecom industry index points returns 40
3.3.1 Pharmaceutical industry index simple moving average 48
3.3.2 I.T. industry index simple moving average 49
3.3.3 Automobile industry index simple moving average 50
3.3.4 Banking industry index simple moving average 51
3.3.5 Cement industry index simple moving average 52
3.3.6 Telecom industry index simple moving average 53
3.4 Comparison of Risk & Returns for the selected Industries 54
A. MAHESH BABU
CHAPTER – I
INTRODUCTION
A. MAHESH BABU
1.1 INTRODUCTION
India is a developing country. Nowadays many people are interested to invest in

financial markets especially on equities to get high returns, and to save tax in honest way.
Equities are playing a major role in contribution of capital to the business from the
beginning since the introduction of shares concept, large numbers of investors are showing
interest to invest in stock market.
In an industry plagued with scepticism and a stock market increasingly difficult to

predict and contend with, if one looks hard enough there may still be a genuine aid for the
Day Trader and Short Term Investor.
The price of a security represents a consensus. It is the price at which one person
agrees to buy and another agrees to sell. The price at which an investor is willing to buy or
sell depends primarily on his expectations. If he expects the security's price to rise, he will
buy it; if the investor expects the price to fall, he will sell it. These simple statements are
the cause of a major challenge in forecasting security prices, because they refer to human
expectations.
As we all know first-hand, human’s expectations are neither easily quantifiable nor
predictable. If prices are based on investor expectations, then knowing what a security
should sell for (i.e., fundamental analysis) becomes less important than knowing what other
investors expect it to sell for. That's not to say that knowing what a security should sell for
isn't important-it is. But there is usually a fairly strong consensus of a stock's future
earnings that the average investor cannot disprove.
Fundamental analysis and technical analysis can co-exist in peace and complement
each other. Since all the investors in the stock market want to make the maximum profits
possible, they just cannot a fords to ignore either fundamental or technical analysis.
A. MAHESH BABU
IMPORTANCE OF INVESTMENT: -
An investor has various alternative options (avenues) of investment for his savings
to flow to. Savings kept as cash are barren and do not earn anything. Hence savings are
invested in assets depending on their risk and return characteristics. The objective of the
investor is to minimize the risk involved in investment and maximize the return from the
investment.
Our savings kept as cash are not only barren because they do not earn anything,
but also loses its value to the extent of rise in prices/ thus rise in prices or inflation erodes
the value of money. Savings are invested to provide a hedge or protection against inflation.
If the investment cannot earn as much as the rise in prices, the real rate of return would be
negative. Thus, if inflation it at an average annual rate of10percent, then the return from an
investment should be above 10 percent to induce savings to flow into investment.
MEANING:-
Investment means “postponed present consumption”
“it may mean many things to many persons. If one person has advanced some money
to another, he may consider his loan as a n investment. He expects to get back the money
along with interest at a future date.”
“Another person may have purchased one kg of gold for the purpose of price
appreciation and may consider it as an investment.”
“a young couple makes a down payment on their first house. This is also an
investment (suppose they paid 5000/-. Now they are staying in rent house per year 6000/-
If they spend that 500/- for rent they may get better house than it for rent. So it is also
postponement of consumption).
A. MAHESH BABU
INVESTMENT AVENUES:
 Corporate securities.
 Deposits in banks and non-banking companies.
 UTI and other mutual fund schemes.
 Post office deposits and certificates.
 Life insurance policies.
 Provident fund schemes.
 Government and semi-government securities.
DRIVING FORCES OF INVESTMENT:
Though there are many factors that influence the decision of investing in assets,
there are some main driving forces that cause investment in any society like
 Retirement plan.
 Avoidance of taxation.
 Tempting high rates of interest.
 High inflation and resultant expectation of increase in the monetary return.
 Hike in income.
 Availability of a large number of investment avenues.
 Legal safeguards.
 Existence of financial institutions to encourage savings etc…
THE PROCESS OF INVESTMENT:
The investment process involves a series of activities leading to the purchase of securities
or other investment alternatives. The investment process can be divided into five stages.
1. Farming of investment policy.

2. Investment analysis.
3. Valuation.
4. Portfolio construction.
5. Portfolio evaluation.
A. MAHESH BABU
INVESTMENT PROCESS:
Investment Process
Investment Analysis Valuation Portfolio Portfolio

Policy Evaluation
Construction
-Investible -Fundamental -Intrinsic -Diversification -Appraisal
fund -Technical value -Selection& -Revision
-Objectives -Efficient -Future Allocation
-Knowledge -Market Value
Hypothesis
INVESTMENT POLICY:
The government or the investor before proceeding into investment formulates the
policy for the systematic functioning. The essential ingredients of the policy are the
Investible funds, objectives and the knowledge about the investment alternatives and
market.
 Investible funds:
The entire investment procedure revolves around the availability of investible

funds. The fund may be generated through savings or from borrowings. If the funds are
borrowed, the investor has to be extra careful in the selection of investment alternatives.
The return should be higher than the interest he pays. Mutual funds invest their owner’s
money in securities.
A. MAHESH BABU
 Objectives:
The objectives are framed on the premises of the required rate of return, need for
regularity of income, risk perception and the need for liquidity. The risk taker’s objective
is to earn high rate of return in the form of capital appreciation, whereas the primary
objective of the risk averse is the safety of the principle.
 Knowledge:
The knowledge about the investment alternatives and markets plays a key role in
the policy formulation, the investment alternatives range from security to real estate, the
risk and return associated with investment alternatives differ from each other. Investment
in equity is high yielding but has more risk than the fixed income securities
SECURITY ANALYSIS
1. Fundamental Analysis.
2. Technical Analysis.
1. Fundamental Analysis:
Fundamental analysis is really a logical and systematic approach to estimating the

future dividends and share price. It is based on the basic premise that share price is
determined by a number of fundamental factors relating to the economy, industry and
company.
2. Technical Analysis:
According to technical analysis the investors believe that share prices are
determined by the demand and supply forces operating in the market. These demand and
supply forces in turn are influenced by a number of fundamental factors as well as certain
psychological or emotional factors. Many of these factors cannot be quantified. The
technical analyst therefore concentrates on the movement of share prices. He claims that
by examining past share price movements future share prices can be accurately predicted.
A. MAHESH BABU
1.2 INDUSTRY PROFILE
India has a diversified financial sector undergoing rapid expansion, both in terms of
strong growth of existing financial services firms and new entities entering the market. The
sector comprises commercial banks, insurance companies, non-banking financial
companies, co-operatives, pension funds, mutual funds and other smaller financial entities.
The banking regulator has allowed new entities such as payments banks to be created
recently thereby adding to the types of entities operating in the sector. However, the
financial sector in India is predominantly a banking sector with commercial banks
accounting for more than 64 per cent of the total assets held by the financial system.
The Government of India has introduced several reforms to liberalise, regulate and
enhance this industry. The Government and Reserve Bank of India (RBI) have taken
various measures to facilitate easy access to finance for Micro, Small and Medium
Enterprises (MSMEs). These measures include launching Credit Guarantee Fund Scheme
for Micro and Small Enterprises, issuing guideline to banks regarding collateral
requirements and setting up a Micro Units Development and Refinance Agency
(MUDRA). With a combined push by both government and private sector, India is
undoubtedly one of the world's most vibrant capital markets. In 2017,a new portal named
'Udyami Mitra' has been launched by the Small Industries Development Bank of India
(SIDBI) with the aim of improving credit availability to Micro, Small and Medium
Enterprises' (MSMEs) in the country. India has scored a perfect 10 in protecting
shareholders' rights on the back of reforms implemented by Securities and Exchange Board
of India (SEBI).
Companies in this industry operate physical or electronic marketplaces to facilitate

the buying and selling of stocks, stock options, bonds, or commodity contracts. Major
companies include the New York Stock Exchange (owned by Intercontinental Exchange),
Nasdaq OMX Group, and CBOE-owned BATS Global Markets (all based in the US), as
well as Japan Exchange Group (formed by the merger of the Tokyo Stock Exchange and
Osaka Securities Exchange), London Stock Exchange, and Euronext (Netherlands).
Regardless of their location, major securities exchanges are global in scope.
A. MAHESH BABU
Global equity market capitalization, which represents the value of publicly traded
companies and indicates demand for stock exchanges, total $73 trillion in 2017, compared
with $69 trillion in 2015, according to the Money Project. Of the 60 major stock exchanges
in the world, the New York Stock Exchange (NYSE) accounted for $19.2 trillion in market
capitalization, or about 26% of the total market for global equities in 2017. On a regional
basis, the Americas accounted for about 38% of global market capitalization, followed by
Asia/Pacific (33%), and Europe/Middle East/Africa (23%).
The securities and commodity exchanges industry in the US includes about 34

establishments (single-location companies and units of multi-location companies) with
combined annual revenue of about $9.7 billion.
Market Size:
The Mutual Fund (MF) industry in India has seen rapid growth in Assets Under
Management (AUM). Total AUM of the industry stood at Rs 24.03 trillion (US$ 342.01
billion) between April-November 2018. At the same time the number of Mutual fund (MF)
equity portfolios reached a high of 74.6 million as of June 2018.
Another crucial component of India’s financial industry is the insurance industry.

The insurance industry has been expanding at a fast pace. The total first year premium of
life insurance companies reached Rs 193,866.23 crore (US$ 30.10 billion) during FY18.
Along with the secondary market, the market for Initial Public Offers (IPOs) has
also witnessed rapid expansion. The total amount of Initial Public Offerings (IPO)
increased to US$ 1.2 billion raised from 37 between April – June 2018.
Over the past few years India has witnessed a huge increase in Mergers and
Acquisition (M&A) activity. In H12018, 74 deals of acquisition took place in financial
sector. The total value of such transactions was US$ 4.166 billion. *
Furthermore, India’s leading bourse Bombay Stock Exchange (BSE) will set up a
joint venture with Ebix Inc to build a robust insurance distribution network in the country
through a new distribution exchange platform.
A. MAHESH BABU
Primary Market:
The primary market is an intermittent and discrete market where the initially listed
shares are traded first time, changing hands from the listed company to the investors. It
refers to the process through which the companies, the issuers of stocks, acquire capital by
offering their stocks to investors who supply the capital. In other words primary market is
that part of the capital markets that deals with the issuance of new securities. Companies,
governments or public sector institutions can obtain funding through the sale of a new stock
or bond issue. This is typically done through a syndicate of securities dealers. The process
of selling new issues to investors is called underwriting. In the case of a new stock issue,
this sale is called an initial public offering (IPO).
Secondary Market:
The secondary market is an on-going market, which is equipped and organized with
a place, facilities and other resources required for trading securities after their initial
offering. It refers to a specific place where securities transaction among many and
unspecified persons is carried out through intermediation of the securities firms, i.e., a
licensed broker, and the exchanges, a specialized trading organization, in accordance with
the rules and regulations established by the exchanges.
A bit about history of stock exchange they say it was under a tree that it all started
in 1875.Bombay Stock Exchange (BSE) was the major exchange in India till 1994.National
Stock Exchange (NSE) started operations in 1994.
NSE was floated by major banks and financial institutions. It came as a result of
Harshad Mehta scam of 1992. Contrary to popular belief the scam was more of a banking
scam than a stock market scam. The old methods of trading in BSE were people assembling
on what as called a ring in the BSE building. They had a unique sign language to
communicate apart from all the shouting. Investors weren't allowed access and the system
was opaque and misused by brokers. The shares were in physical form and prone to
duplication and fraud.
A. MAHESH BABU
NSE was the first to introduce electronic screen based trading. BSE was forced to
follow suit. The present day trading platform is transparent and gives investors prices on a
real time basis. With the introduction of depository and mandatory dematerialization of
shares chances of fraud reduced further. The trading screen gives you top 5 buy and sell
quotes on every scrip.
A typical trading day starts at 10 ending at 3.30. Monday to Friday. BSE has 30
stocks which make up the Sensex .NSE has 50 stocks in its index called Nifty. FII s Banks,
financial institutions mutual funds are biggest players in the market. Then there are the
retail investors and speculators. The last ones are the ones who follow the market morning
to evening; Market can be very addictive like blogging though stakes are higher in the
former.
Investments/ Developments:
 Investments by Foreign Portfolio Investors (FPIs) in Indian capital markets have

reached Rs 6,310 core (US$ 899.12 million) up to November 22, 2018.
 As of October 2018, the Financial Inclusion Lab has selected 11 fin tech innovators
with an investment of US$ 9.5 million promoted by the IIM- Ahmedabad's Bharat
Inclusion Initiative (BII) along with JP Morgan, Michael and Susan Dell Foundation,
and the Bill and Melinda Gates Foundation.
 The private equity and venture capital (PE/VC) investments reached US$ 25.20 billion
between January to October 2018.
Government Initiatives:
 In December, 2018, Securities and Exchange Board of India (SEBI) proposed direct
overseas listing of Indian companies and other regulatory changes.
 Bombay Stock Exchange (BSE) introduced weekly futures and options contracts on
Sensex 50 index from October 26, 2018.
A. MAHESH BABU
 In September 2018, SEBI asked for recommendations to strengthen rules which will
enhance the overall governance standards for issuers, intermediaries or infrastructure
providers in the financial market.
 The Government of India launched India Post Payments Bank (IPPB), to provide every
district with one branch which will help increase rural penetration. As of August 2018,
two branches out of 650 branches are already operational.
A stock market, equity market or share market is the aggregation of buyers and
sellers (a loose network of economic transactions, not a physical facility or discrete entity)
of stocks (also called shares), which represent ownership claims on businesses; these may
include securities listed on a public stock exchange, as well as stock that is only traded
privately. Examples of the latter include shares of private companies which are sold
to investors through equity crowd funding platforms. Stock exchanges list shares of
common equity as well as other security types, e.g. corporate bonds and convertible bonds.
STOCK EXCHANGE:
A stock exchange is an exchange where stock brokers and traders can buy and
sell shares of stock, bonds, and other securities. Many large companies have their stocks
listed on a stock exchange. This makes the stock more liquid and thus more attractive to
many investors. The exchange may also act as a guarantor of settlement. Other stocks may
be traded "over the counter" (OTC), that is, through a dealer. Some large companies will
have their stock listed on more than one exchange in different countries, so as to attract
international investors. Stock exchanges may also cover other types of securities, such as
fixed interest securities (bonds) or (less frequently) derivatives which are more likely to be
traded OTC.
Market Participate:
Market participants include individual retail investors, institutional investors such as
mutual funds, banks, insurance companies and hedge funds, and also publicly traded
corporations trading in their own shares. Some studies have suggested that institutional
investors and corporations trading in their own shares generally receive higher risk-
adjusted returns than retail investors.
A. MAHESH BABU
The rise of the institutional investor has brought with it some improvements in
market operations. There has been a gradual tendency for "fixed" (and exorbitant) fees
being reduced for all investors, partly from falling administration costs but also assisted by
large institutions challenging brokers' oligopolistic approach to setting standardized A
current trend in stock market investments includes the decrease in fees due to computerized
asset management termed robo-advisors within the industry. Automation has decreased
portfolio management costs by lowering the cost associated with investing as a whole.
Trends in market participation:
Stock market participation refers to the number of agents who buy and sell equity
backed securities either directly or indirectly in a financial exchange. Participants are
generally subdivided into three distinct sectors; households, institutions, and foreign
traders. Direct participation occurs when any of the above entities buys or sells securities
on its own behalf on an exchange. Indirect participation occurs when an institutional
investor exchanges a stock on behalf of an individual or household. Indirect investment
occurs in the form of pooled investment accounts, retirement accounts, and other managed
financial accounts.
Indirect vs. direct investment:

The total value of equity-backed securities in the United States rose over 600% in
the 25 years between 1989 and 2012 as market capitalization expanded from $2,790 billion
to $18,668 billion. Direct ownership of stock by individuals rose slightly from 17.8% in
1992 to 17.9% in 2007, with the median value of these holdings rising from $14,778 to
$17,000. Indirect participation in the form of retirement accounts rose from 39.3% in 1992
to 52.6% in 2007, with the median value of these accounts more than doubling from
$22,000 to $45,000 in that time. , Spizman, and Strebulaev attribute the differential growth
in direct and indirect holdings to differences in the way each are taxed in the United States.
Investments in pension funds and 401ks, the two most common vehicles of indirect
participation, are taxed only when funds are withdrawn from the accounts.
A. MAHESH BABU
Participation by income and wealth strata:

Rates of participation and the value of holdings differs significantly across strata of
income. In the bottom quintile of income, 5.5% of households directly own stock and
10.7% hold stocks indirectly in the form of retirement accounts. The top docile of income
has a direct participation rate of 47.5% and an indirect participation rate in the form of
retirement accounts of 89.6%. The median value of directly owned stock in the bottom
quintile of income is $4,000 and is $78,600 in the top docile of income as of 2007.
The median value of indirectly held stock in the form of retirement accounts for the
same two groups in the same year is $6,300 and $214,800 respectively. Since the Great
Recession of 2008 households in the bottom half of the income distribution have lessened
their participation rate both directly and indirectly from 53.2% in 2007 to 48.8% in 2013,
while over the same time period households in the top docile of the income distribution
slightly increased participation 91.7% to 92.1%.
The mean value of direct and indirect holdings at the bottom half of the income
distribution moved slightly downward from $53,800 in 2007 to $53,600 in 2013. In the top
docile, mean value of all holdings fell from $982,000 to $969,300 in the same time. The
mean value of all stock holdings across the entire income distribution is valued at $269,900
as of 2013.
STOCK EXCHANGE BOARD OF INDIA:
REGULATION OF BUSINESS IN THE STOCK EXCHANGES
Under the SEBI Act, 1992, the SEBI has been empowered to conduct inspection of
stock exchanges. The SEBI has been inspecting the stock exchanges once every year since
1995-96. During these inspections, a review of the market operations, organizational
structure and administrative control of the exchange is made to ascertain whether:
 The exchange provides a fair, equitable and growing market to investors.

 The exchange's organization, systems and practices are in accordance with the
Securities Contracts (Regulation) Act (SC(R) Act), 1956 and rules framed there under.
A. MAHESH BABU
 The exchange has implemented the directions, guidelines and instructions issued by the
SEBI from time to time.
 The exchange has complied with the conditions, if any, imposed on it at the time of
renewal/ grant of its recognition under section 4 of the SC(R) Act, 1956.
During the year 1997-98, inspection of stock exchanges was carried out with a
special focus on the measures taken by the stock exchanges for investor's protection. Stock
exchanges were, through inspection reports, advised to effectively follow-up and redress
the investors' complaints against members/listed companies. The stock exchanges were
also advised to expedite the disposal of arbitration cases within four months from the date
of filing.
During the earlier years' inspections, common deficiencies observed in the

functioning of the exchanges were delays in post trading settlement, frequent clubbing of
settlements, delay in conducting auctions, inadequate monitoring of payment of margins
by brokers, non-adherence to Capital Adequacy Norms etc. It was observed during the
inspections conducted in 1997-98 that there has been considerable improvement in most of
the areas, especially in trading, settlement, collection of margins etc.
Road Ahead:
 India is today one of the most vibrant global economies, on the back of robust banking
and insurance sectors. The relaxation of foreign investment rules has received a positive
response from the insurance sector, with many companies announcing plans to increase
their stakes in joint ventures with Indian companies
 The Association of Mutual Funds in India (AMFI) is targeting nearly fivefold growth
in assets under management (AUM) to Rs 95 lakh crore (US$ 1.47 trillion) and a more
than three times growth in investor accounts to 130 million by 2025.
 India's mobile wallet industry is estimated to grow at a Compound Annual Growth Rate
(CAGR) of 150 per cent to reach US$ 4.4 billion by 2022 while mobile wallet
transactions to touch Rs 32 trillion (USD $ 492.6 billion) by 2022.
A. MAHESH BABU
1.3 COMPANY PROFILE
Goodwill Commodities is a full-service stockbroker, known for expertise in

commodities trading and investment. This Chennai based full-service stockbroker was
established in the year 2008. Are you looking to open a trading account with them? Why
don't you check the different services it has to offer, the quality of different propositions
and then decide whether this broker is a right fit for your investment needs?
As of now, Goodwill Commodities has a presence in around 70 locations through its

sub-broker and franchise offices in India. Apart from that, the broker has an in-house
research team that works with the clients on a regular basis. Furthermore, the bank has a
partnership with 24 banks to which you can perform any fund transfers as per your
preferences.
GOODWILL Commodities is listed on both the leading stock exchanges in India,

viz. the Stock Exchange, Mumbai (BSE) and the National Stock Exchange (NSE) and is
also a member of both the exchanges. It is engaged in the businesses of Equities broking,
Wealth Advisory Services and Portfolio Management Services. It offers broking services
in the Cash and Derivatives segments of the NSE as well as the Cash segment of the BSE.
It is registered with NSDL as well as CDSL as a depository participant, providing a one-
stop solution for clients trading in the equities market. It has recently launched its
Investment banking and Institutional Broking business.
A SEBI authorized Portfolio Manager; it offers Portfolio Management Services to

clients. These services are offered to clients as different schemes, which are based on
differing investment strategies made to reflect the varied risk-return preferences of clients.
Using the services of this full-service stockbroker, you can trade and invest in the
following segments:
 Commodity Trading.
 Equity Trading.
 Derivative Trading.
A. MAHESH BABU
 Currency Trading.
 Mutual Funds.
 Investment and Portfolio service.
Commodity Trading:
Goodwill Commodities extension into commodities trading reconciles its strategic

intent to emerge as a one stop solutions financial intermediary. Its experience in securities
broking has empowered it with requisite skills and technologies. The Companies
commodities business provides a contra-cyclical alternative to equities broking. The
Company was among the first to offer the facility of commodities trading in India's young
commodities market. Average monthly turnover on the commodity exchanges increased
from Rs 0.34 bn to Rs 20.02 bn.
Equity Trading:
GOODWILL provided the prospect of researched investing to its clients, which was
hitherto restricted only to the institutions. Research for the retail investor did not exist prior
to Goodwill Commodities. Goodwill Commodities leveraged technology to bring the
convenience of trading to the investor's location of preference (residence or office) through
computerized access. Goodwill Commodities made it possible for clients to view
transaction costs and ledger updates in real time. The Company is among the few financial
intermediaries in India to offer a complement of online and offline broking. The Companies
network of branches also allows customers to place orders on phone or visit our branches
for trading.
Portfolio Management:
Goodwill Commodities provided Portfolio Management Service is a product

wherein an equity investment portfolio is created to suit the investment objectives of a
client. Goodwill Commodities invests the client's resources into stocks from different
sectors, depending on client's risk-return profile. This service is particularly advisable for
A. MAHESH BABU
investors who cannot afford to give time or don't have that expertise for day-to-day
management of their equity portfolio.
STRENGHTS OF GOODWILL COMMODITIES:
Furthermore, you will get these positives when you open your account with the broker:
 Reasonable intraday brokerage.

 Good commodity level research.
 Pretty high exposure values.
 Good quality customer service in terms of resolution quality. weakness
WEAKNESSES OF GOODWILL COMMODITIES:
There are few concerns associated with this broker and users must make sure that they
understand these limitations before opening their accounts with the broker. Here are the
cons as listed below.
 No focus whatsoever on developing in-house trading platforms.

 Transection charges higher than the industry average.
 Paid usage of the mobiles trading app.
 Language limitations and high turnaround time in customer service.
 Average quality and quantity of research Equity and currency.
A. MAHESH BABU
Head Office:
Head Office New No #9 (Old No 4 2nd Floor,
Masha Allah Building, Bheema Sena Garden Street,
Off: Royapettah High Road,
(Near Thiruvalluvar statue), Mylapore
Chennai, Tamil Nadu-600 004
Goodwill Comtrades Pvt. Ltd
MCX: 11095 | ICEX: 2035 | SEBI Regn. No INZ000049087
Goodwill Wealth Management Pvt. Ltd
Clearing Code NSE : M52003 | BSE: 6648
CDSL DP
DP ID : 12084200 | SEBI Regn.No :IN-DP CDSL-309-2017
Research Analyst |
SEBI Regn. No : INH200005179
Mutual Funds | ARN : 118850
A. MAHESH BABU
CHAPTER – II
RESEARCH METHODOLOGY
A. MAHESH BABU
RESEARCH METHODOLOGY
2.1 NEED OF THE STUDY:
Stock/shares play a major role in acquiring capital to the business in return investors are
paid dividends to the shares they own. The more shares you own the more dividends you
receive the role of equity analysis is to provide information to the market. An efficient
market relies on information: a lack of information creates inefficiencies that result in
stocks being misrepresented. This is valuable because it fills information gaps so that each
individual investor does not need to analyse every stock thereby making the markets more
efficient.
2.2 PROBLEM DEFINITION:
A study on securities analysis for selected industries.
2.3 OBJECTIVES OF THE STUDY:
 To analyse the share price behaviour of the selected industries.
 To study the price movements of the selected industries in the selected companies.
 To predict the day to day Fluctuations in the stock market using Technical Analysis.
2.4 SCOPE OF THE STUDY:
This scope of study is limited to 6 selected industries. Those are Pharmaceutical,

Information Technologies, Automobile, Cement industry, Telecommunication and
Banking Industry.
In those industries there are 9 companies selected each from pharmaceutical, I.T.,
Automobile industry, Banking industry, Cement industry, and 5 companies are selected
from Telecom industry.
A. MAHESH BABU
2.5 PERIOD OF SRUDY:
This study is conducted for twelve months, i.e., from 01 January 2018 to
31 December 2018.
2.6 DATA SOURCES:

Secondary data was used for the analysis print media and internet has been used for data
collection. The data also obtained by the Bombay Stock Exchange website
(WWW.BSEindia.Com). For the purpose of this study the monthly opening and closing
prices of the companies included in Bombay Stock Exchange were taken and their price
movement are computed and studied.
Secondary data:
All the data has been collected through secondary sources only. These data are
 Goodwill commodities.
 Web sites of the companies and indices has been collected from Bombay stock
exchange (BSE).
2.7 SAMPLE DESIGN :
Samples selected are listed in Bombay Stock Exchange. The total industries involved
in BSE are 18 Industries. Randomly Six Industries are selected for this study.
Definitions of the Population:
Since the study is mainly related to selecting the appropriate security, analysing
industries and comparison between those is necessary. Their potentiality for growth also to
be consider for selecting particular industry, where the companies in that industry has to
be analysed through comparing between the companies considering their relative
advantages over the others.
A. MAHESH BABU
S.NO INDUSTRIES SELECTED FRIMS

1. Pharmaceutical 9
2. Information Technology 9
3. Automobile 9
4. Banking 9
5. Cement 9
6. Telecom 5
Sample Technique Adopted:
Techniques for selecting industries is nothing but the way they doing business since the
product they produce also different. However, for the companies, the outperforming
industry over the other out of the sample has been selected and the highest sales in the latest
period in the Computer and Software industry has been selected for studying their
performance.
2.8 TOOLS USED FOR ANALYSIS:
1. CALUCULATION OF RETURN.
2. CALUCULATION OF RISK.
2.2.1. STANDARED DEVIATION.
2.2.2. VARIANCE.
2.2.3. COEFFICIENT OF VARIANCE.
3. SIMPLE MOVING AVERAGE.
2.8.1 CALUCULATION OF RETURN:
A major purpose of investment is to get a return or income on the funds invested. On a

bond an investor expects to receive interest. On a stock, dividends may be anticipated. The
investor may expect capital gains from some investments and rental income from some
investments and rental income from house property. Return may take several forms.
A. MAHESH BABU
Measurement of Returns:
In this study I considered only prices but not dividend in the calculation return because the
investor’s main motive to invest in shares is make the profit from changes in prices of
shares. That’s why I calculated return from the prices of the shares only.
Return = (P1 – P0)/P0*100
Where: P1 = Closing price of the share

P0 = Opening price of the share
2.8.2 CALUCULATION OF RISK:
“Risk is the possibility of losing something of value....”
Investing in stocks involves a number of risks. Among all, few of them cam can be
controlled by the investors. Here are few top risks involved while investing in a stock
market this is also called as systematic risk and is based on the day-to-day price fluctuation
in the market.
2.8.2.1.STANDARD DEVIATION:
The standard deviation is a statistic that measures the dispersion of a dataset relative to its
mean and is calculated as the square root of the variance. It is calculated as the square root
of variance by determining the variation between each data point relative to the mean. The
greater the standard deviation of a security, the greater the variance between each price and
the mean, which shows a larger price range.
∑𝑛
𝑖=1(𝑋−𝑋)
2
Standard Deviation =√ 𝑁−1
Where: xi = Value of each data point

x̄ = Mean
N = Number of data points
A. MAHESH BABU
2.8.2.2. VARIANCE (σ2):
Variance (σ2) is a measurement of the spread between numbers in a data set. It measures
how far each number in the set is from the mean and is calculated by taking the differences
between each number in the set and the mean, squaring the differences (to make them
positive) and dividing the sum of the squares by the number of values in the set.
Variance is one of the key parameters in asset allocation. Along with correlation, the
variance of asset returns helps investors to develop optimal portfolios by optimizing the
return-volatility trade-off in investment portfolios.
∑(𝑋−µ)2
Variance (σ2) =
𝑁
Where: σ2 is variance.
χ is the value of an individual data point.
μ is the mean of data points.
N is the total # of data points.
2.8.2.3. COEFFICIENT OF VARIANCE (COV):
Thee coefficient of variation (COV) can determine the volatility of an investment.

The COV is a ratio between the standard deviation of a data set to the expected mean.
When used in the stock market, it helps to determine the amount of volatility in comparison
to the expected return rate of an investment. The COV is found by dividing the volatility,
or risk, by the absolute value of the investment's expected return. Suppose a risk-averse
investor is comparing the COV for three investment items. He wants to determine which
offers the best risk/reward ratio.
𝑆𝑡𝑎𝑛𝑑𝑎𝑟𝑑 𝑑𝑒𝑣𝑖𝑎𝑡𝑖𝑜𝑛
Formula in MS-Excel: Coefficient Of Variance =
𝐴𝑣𝑒𝑔𝑎𝑔𝑒𝑠
A. MAHESH BABU
2.8.3 SIMPLE MOVING AVERAGE:
In technical analysis the moving average is one of key trend lines that are plot on a
chart reflecting the closing prices over weeks. They smooth a data series and make it easier
to spot trends, something that is especially helpful in volatile markets. They also form the
building blocks for many other technical indicators and overlays
A moving average is an indicator that shows the average value a security's price
over a period of time. When calculating a moving average, a mathematical analysis of the
security's average value over a pre-determined time period. As the securities price changes,
its average price moves up or down. Simple moving average by comparing the relationship
between the moving averages of the security's price with the security's price itself.
2.9 LIMITATIONS OF STUDY:
 This study is limited to some selected industries (Pharmaceutical, Banking, Information

technologies, Cement & Automobile)
 Dividend is not considered in the calculation of Return. Price change is only taken into
consideration.
 This study analysis risk and returns for the selected industries and their companies.
A. MAHESH BABU
CHAPTER – III
DATA ANALYSIS & INTERPRETATION
A. MAHESH BABU
DATA ANLYSIS
3.1 CALUCULATION OF RETURN:

TABLE: 3.1.1
RETURNS OF PHARMACUETICAL INDUSTRY: JAN 2018 - DEC 2018
CIPLA Ltd AUROBINDO PHARMA DR REDDYS LABS
Date OPEN CLOSE Return OPEN CLOSE Return OPEN CLOSE Return
Jan 611.75 587.45 -3.97 685.15 629.5 -8.12 1537.6 1614.5 14.30
Feb 586.75 589.35 0.44 612.8 613.5 0.11 1618 1629.3 1.84
Mar 581.9 545.25 -6.30 624.1 557.3 -10.71 1626.6 1594.2 -5.16
Apr 576.4 606.65 5.25 592.9 641.1 8.12 1598.2 1667.9 11.65
May 610.35 524.5 -14.07 632.4 556.5 -12.00 1663.5 1666.4 0.43
Jun 523.35 614.95 17.50 534.95 606.6 13.38 1648.9 1619.2 -4.58
Jul 615.75 639.75 3.90 602.95 592.5 -1.74 1615 1586.2 -4.69
Aug 638.35 660.05 3.40 598.95 712.4 18.93 1584.1 1623.3 6.71
Sep 648.9 653.3 0.68 699.6 743.8 6.31 1615.4 1691.5 12.38
Oct 654.3 627.9 -4.03 768.7 790.3 2.81 1678.8 1658.8 -2.95
Nov 616.1 539.9 -12.37 791.85 810.3 2.33 1645.3 1622.3 -3.57
Dec 536.1 520 -3.00 805.7 731 -9.28 1616.1 1628.9 2.08
SUN PHARMA AJANTA PHARMA GLENMARK LABS

Jan 573.6 591.3 3.09 1495.5 1449 -3.10 596 605.4 1.58
Feb 556.25 535.35 -3.76 1408.5 1402 -0.44 589 543.8 -7.68
Mar 534.5 495.4 -7.32 1400.2 1406 0.40 543.4 527.2 -2.99
Apr 507.8 528.15 4.01 1405.6 1351 -3.85 546.3 571.5 4.60
May 515.55 480.15 -6.87 1341.5 962.3 -28.27 550.5 535.6 -2.72
Jun 482.9 560.55 16.08 940.7 985.2 4.73 535.2 582.6 8.86
Jul 563.55 566.65 0.55 986.95 1136 15.07 580.1 581.9 0.30
Aug 575.8 652.2 13.27 1136.9 1272 11.88 584.3 665.1 13.83
Sep 655.95 623.35 -4.97 1249 1062 -15.00 661.7 632.3 -4.44
Oct 630.7 579.15 -8.17 1070.1 1058 -1.15 636.1 621 -2.38
Nov 571.55 492.3 -13.87 1090.1 1165 6.87 622.2 653.4 5.01
Dec 455.3 430.65 -5.41 1158.6 1186 2.34 622.4 692.3 11.22
CADILA HEALTHCARE DIVA’S LABORETORY ALEMBIC PHARMA

Jan 432.85 424.55 -1.92 1098.9 1036 -5.68 57.9 64.8 11.92
Feb 417.7 404.65 -3.12 1041 1023 -1.70 62.9 63 0.16
Mar 403.6 378.65 -6.18 1017.3 1087 6.81 62.05 53.3 -14.10
Apr 384.7 412.15 7.14 1091 1197 9.69 54.25 57.35 5.71
May 406.2 362.3 -10.81 1187.3 1051 -11.44 56.8 45 -20.77
Jun 353.8 377.3 6.64 1049.8 1038 -1.09 43.05 39.6 -8.01
Jul 385.55 381.35 -1.09 1047 1146 9.48 38.45 41.05 6.76
Aug 376.9 402.85 6.89 1161.7 1305 12.35 40.15 47.35 17.93
Sep 405 386.5 -4.57 1285.1 1310 1.90 51.1 42.15 -17.51
Oct 396.75 358.8 -9.57 1310.3 1485 13.32 43.35 42.5 -1.96
Nov 359 363.9 1.36 1506 1437 -4.57 44.4 43.15 -2.82
Dec 357.8 347.55 -2.86 1454.9 1482 1.88 43.65 49.15 12.60
Sources: Share prices data collected BSE Website 01 Jan 2018- 31 Dec 2018.
A. MAHESH BABU
TABLE: 3.1.2 AVERAGE RETURN OF PHARMACUETICAL INDUSTRY

SELCTED COMPANIES:
COMPANIES AVGS
DIVA’S LABORETORY -2.581
CIPLA Ltd -1.048
SUN PHARMA -1.114
AJANTA PHARMA -0.877
CADILA HEALTHCARE -1.508
ALEMBIC PHARMA -0.841
AUROBINDO PHARMA 0.845
GLENMARK LABS 0.175
DR REDDYS LABS 2.368
TABLE: 3.1.3
PHARMACUETICAL INDUSTRY INDEX RETURNS: JAN 2018 TO DEC 2018
MONTHS OPEN CLOSE RETURN AVGS
JAN 14810.81 14799.78 -0.07 22205.19
FEB 14358.74 14113.01 -1.71 21292.38
MAR 14013.54 13057.62 -6.82 20064.39
APL 13483.98 14153.59 4.97 20895.58
MAY 14015.95 13002.72 -7.23 20010.7
JUN 12945.45 14003.64 8.17 20476.37
JUL 13961.03 14205.73 1.75 21186.25
AUG 14363.28 15945.17 11.01 23126.81
SPT 15942.15 15025.34 -5.75 22996.42
OCT 15059.17 14726.58 -2.21 22256.17
NOV 14632.9 14332.65 -2.05 21649.1
DEC 14158.78 13923.37 -1.66 21002.76
AVERAGE RETURNS = -0.13
Sources: Share prices data collected from BSE Website 01 Jan 2018- 31 Dec 2018.
GRAPH: 3.1.1 PHARMACEUTICA INDUSTRY INDEX POINTS RETURNS

PHARMACEUTICAL INDUSTRY
PHARMA
24000
CITICAL
23000 INDUSTR
22000 Y INDEX
INDEX
21000
20000
Linear
19000 (PHARMA
18000 CITICAL
JAN FEB MAR APL MAY JUN JUL AUG SPT OCT NOV DEC INDUSTR
Y INDEX)
MONTHS
A. MAHESH BABU
INTERPRETATION:
This study relates to 9 companies with a period of twelve months like 01 January
2018 to 31 December 2018. The above table is Pharmaceutical industry concerned with the
returns of above mentioned companies.
In the course of the study it has been reveals that the highest return with respect to
AUROBINDO took place in the month of AUGUST 2018 to the tune of 18.93. In contrast
to this the lowest return with respect of AJANTA PHARMACY took place in the month
of MAY 2018 to the tune of -28.27.
When overall performance i.e. average return is taken in to consideration

DR.REDDY’S LABORATORYS (2.368) reached the first position. When it comes to the
lowest returns DIVA’S LABORATORY (-2.581) remained in the forefront.
As per the PHARMA INDEX given by BSE, the returns remain highest in the
month of AUGUST 2018 (11.01) and the lowest in the month of MAY 2018 (-7.23). The
average return of DR. REDDYS LSBORATORY’S is HIGHEST then average return of
PHARMA INDEX. Totally 3 Companies are noted Positive average return than PHARMA
INDUSTRY and remaining 6 Companies are noted Negative average return than it. The
overall performance of PHARMA INDUSTRY Average returns flow Negatively (-0.13).
A. MAHESH BABU
TABLE: 3.1.4
RETURNS OF I.T INDUSTRY: JAN 2018-DEC 2018
TCS TECH MAHINDRA INFOSYS LTD

Jan 1327.3 1555.9 17.22 502.6 610.9 21.54 517.3 575.3 11.22
Feb 1569.5 1519.1 -3.21 610.55 612.6 0.33 572.3 587.1 2.60
Mar 1518.6 1424.7 -6.18 611.35 638.3 4.41 580.1 567.2 -2.23
Apr 1451.5 1765.7 21.65 640.2 671.6 4.90 570 599.7 5.20
May 1748.9 1744.8 -0.23 662.1 712 7.53 598.9 616 2.85
Jun 1732.3 1847.2 6.64 701.4 656.5 -6.41 610.1 653.4 7.09
Jul 1855.6 1941.3 4.62 656.6 680.3 3.61 667.2 682.5 2.29
Aug 1975.1 2078.2 5.22 679.8 764.6 12.47 676.9 720 6.37
Sep 2055 2184.5 6.30 746.45 745 -0.20 716.7 727.9 1.55
Oct 2255.8 1937.6 -14.11 760.95 744.2 -2.21 744.5 686.3 -7.82
Nov 1934.6 1970.6 1.86 722.15 705.5 -2.31 666.4 666.5 0.02
Dec 1982.2 1893.6 -4.47 711.7 721.1 1.32 684.5 659.9 -3.59
WIPRO HCL TECHONOLOGIES Mphasis

Jan 317.75 304.65 -4.12 881 985.7 11.88 735.3 899.5 22.34
Feb 301.25 292.8 -2.80 985.65 940.3 -4.60 880.9 858.6 -2.54
Mar 292 281.45 -3.61 944.25 969.5 2.67 855.2 843.7 -1.34
Apr 289.75 278.75 -3.80 979.6 1051 7.33 846.5 1034 22.12
May 275.5 261.9 -4.94 1001.1 910.6 -9.04 1004 1100 9.57
Jun 260.45 261.4 0.36 906.4 926.9 2.26 1058 1085 2.61
Jul 260.95 276.8 6.07 925.3 964.8 4.27 1104 1154 4.49
Aug 276.95 301.65 8.92 978.25 1046 6.97 1207 1264 4.73
Sep 309.15 324.2 4.87 1048.4 1088 3.79 1247 1172 -5.99
Oct 330.85 331.5 0.20 1098 1051 -4.30 1163 986.7 -15.15
Nov 329.95 324.85 -1.55 1011.6 1014 0.28 972.2 999.4 2.80
Dec 328.2 330.25 0.62 1018.7 962.6 -5.51 994.9 1014 1.91
ORACLE FINANCIAL MINDTREE LARSON & TOURBO

SERVICES INFOTECH LTD
Jan 4053.6 4178.6 3.08 605.95 768.5 26.82 1148 1275 11.09
Feb 4210.1 3938.4 -6.45 753.45 814.5 8.10 1294 1439 11.21
Mar 3851.9 3740.7 -2.89 811.45 774 -4.62 1417 1341 -5.35
Apr 3942.7 4285.6 8.70 807.85 1085 34.35 1410 1569 11.28
May 4205.6 3999.6 -4.90 1051.7 1008 -4.19 1529 1737 13.63
Jun 3824.7 4062.7 6.22 1007.6 986.4 -2.11 1678 1671 -0.44
Jul 4047.4 3879.4 -4.15 991.6 930.7 -6.14 1654 1869 13.00
Aug 3864.9 4170.8 7.92 953.85 1113 16.64 1822 1796 -1.40
Sep 4108.6 3914.8 -4.72 1099.3 1034 -5.98 1771 1912 7.96
Oct 4002.9 3622.5 -9.50 1075.1 852.6 -20.70 1930 1762 -8.67
Nov 3543.3 3444.3 -2.80 826.95 876.3 5.96 1763 1570 -10.98
Dec 3432.8 3708.7 8.04 893.5 863.4 -3.37 1573 1725 9.67
A. MAHESH BABU
TABLE: 3.1.5
AVERAGE RETURN OF I.T INDUSTRY SELECTED COMPANIES:
COMPANIES AVGS
TCS 2.942
TECH MAHINDRA 3.748
INFOSYS 2.130
WIPRO 0.019
HCL TECHONOLOGIES 1.334
Mphasis 3.797
ORACLE FINANCIAL SERVICES -0.120
MINDTREE 3.729
LARSON & TOURBO INFOTECH 4.251
TABLE: 3.1.6
INFORMATION TECHNOLOGY INDEX POINTS: JAN 2018 TO DEC 2018
JAN 11216.18 12556.98 11.95 18165.1
FEB 12545.56 12505.73 -0.32 18778.5
MAR 12439.91 12100.55 -2.73 18320.5
APL 12254.92 13567.69 10.71 19695.2
MAY 13409.45 13452.83 0.32 20157.6
JUN 13326.16 13920.07 4.46 20583.2
JUL 14043.04 14527.23 3.45 21548.8
AUG 14584.78 15548.52 6.61 22840.9
SPT 15455.43 15628.94 1.12 23356.7
OCT 16007.53 14531.6 -9.22 22535.4
NOV 14273.37 14296.74 0.16 21433.4
DEC 14383.79 14089.56 -2.05 21281.5
AVERAGE RETURNS = 2.04
GRAPH: 3.1.2 I.T. INDUSTRY INDEX POINTS RETURNS
I.T INDUSTRY INDEX

INFORMA
25000.0 TION
TECHNOL
20000.0
OGY
INDEX
15000.0 INDEX
10000.0
5000.0 Linear
(INFORM
0.0 ATION
TECHNOL
OGY
INDEX)
MONTHS
A. MAHESH BABU
INTERPRETATION:
MINDTREE took place in the month of APRIL 2018 to the tune of 34.35. In contrast to
this the lowest return with respect of MINDTREE took place in the month of OCTOBER
2018 to the tune of -20.70.
When overall performance i.e. average return is taken in to consideration LARSON

& TOURBO INFOTECH (4.251) reached the first position. When it comes to the lowest
returns ORACLE FINANCIAL SERVICES (-0.120) remained in the forefront.
As per the I.T INDEX given by BSE, the returns remain highest in the month of
JANUARY 2018 (11.95) and the lowest in the month of OCTOBER 2018 (-9.22). The
average return of LARSON & TURBO INFOTECH is HIGHEST then average return of
I.T INDEX. Totally 8 Companies are noted POSITIVE average return than I.T
INDUSTRY and remaining 1 Companies are noted NEGATIVE average return than it. The
overall performance of I.T industry index flow POSITIVELY (2.04).
A. MAHESH BABU
TABLE: 3.1.7
RETURNS OF AUTOMOBILES INDUSTRY: JAN 2018 TO DEC2018
TATA MOTORS HERO MOTOCORP ASHOK LAYLAND

Jan 425.4 399.25 -6.15 3768.8 3692 -2.05 118.9 126 5.97
Feb 394.65 370.2 -6.20 3734.4 3601 -3.58 123.5 141.3 14.46
Mar 370.85 327.45 -11.70 3579.5 3546 -0.95 140.8 145.3 3.23
Apr 338.8 340.2 0.41 3640.9 3734 2.55 148.1 164.5 11.04
May 336 282.9 -15.80 3662.3 3547 -3.14 161.5 148.3 -8.14
Jun 287.2 269.3 -6.23 3623.8 3472 -4.19 150.8 125.5 -16.81
Jul 267.25 264.15 -1.16 3413.6 3294 -3.51 127.4 112.8 -11.46
Aug 264.95 267.1 0.81 3272 3253 -0.58 118.8 129.3 8.84
Sep 266.7 223.45 -16.22 3242.7 2932 -9.58 133.4 119.1 -10.76
Oct 229.25 178.65 -22.07 2972.5 2765 -6.97 119.9 114.7 -4.30
Nov 178.75 171.95 -3.80 2791.5 3058 9.56 113.2 112.3 -0.84
Dec 175.4 172.6 -1.60 3043.8 3106 2.03 107.2 102.6 -4.29
BAJAJ AUTO MAHINDRA & MAHINDR MARUTI SUZUKI
Jan 3293.4 3338.8 1.379 745.5 763.5 2.408 9665 9514 -1.57
Feb 3409.5 3018.8 -11.459 797.35 728.8 -8.603 9403 8873 -5.63
Mar 3025 2748.9 -9.127 733 740.2 0.982 8876 8863 -0.15
Apr 2808.6 2948 4.963 747.6 872.7 16.727 9009 8823 -2.07
May 2965.3 2752.2 -7.187 862.55 923.5 7.066 8753 8535 -2.49
Jun 2893.3 2811.2 -2.838 901.55 896.8 -0.527 8792 8821 0.33
Jul 2839.2 2700.7 -4.876 887.25 933.9 5.258 8828 9506 7.69
Aug 2685.7 2746.4 2.260 927.75 965.3 4.042 9340 9097 -2.60
Sep 2765.2 2687.1 -2.823 945.45 860.7 -8.964 8924 7351 -17.63
Oct 2729.8 2591.5 -5.066 847.6 763.4 -9.940 7465 6609 -11.47
Nov 2596.1 2736.8 5.420 755.25 790.2 4.628 6710 7665 14.23
Dec 2734.9 2718.5 -0.598 760.25 803.7 5.715 7760 7462 -3.83
TVS MOTORS FORCE MOTORS ISUZU LTD

Jan 766.35 695.1 -9.30 3685.8 3050 -17.26 922.6 843.4 -8.59
Feb 674.05 681.05 1.04 3077.1 2969 -3.51 835.4 817.4 -2.15
Mar 676.8 616.95 -8.84 2962.5 2733 -7.75 801.6 766.7 -4.35
Apr 662.3 667.75 0.82 2784.6 3059 9.86 778.1 885.2 13.76
May 637.55 587.85 -7.80 3025.2 2819 -6.81 846.1 789.5 -6.68
Jun 595.7 552.3 -7.29 2819.7 2532 -10.22 786.8 754.4 -4.12
Jul 556.4 517.45 -7.00 2480.4 2634 6.19 776.8 790.5 1.76
Aug 512.75 568.15 10.80 2575 2463 -4.36 804 876.3 8.99
Sep 563.15 557.2 -1.06 2434.2 1832 -24.74 860.9 694 -19.39
Oct 555.6 545.05 -1.90 1724.7 1729 0.26 678.1 740.8 9.25
Nov 546.1 557.35 2.06 1783.4 1677 -5.97 740.7 718.6 -2.98
Dec 550.45 571.2 3.77 1682.2 1613 -4.14 692.7 663 -4.29
A. MAHESH BABU
TABLE: 3.1.8
AVERAGES OF AUTOMOBILE INDUSTRY SELECTED COMPANIES:
COMPANIES AVGS
TATA MOTORS -7.476
HERO MOTOCORP -1.700
ASHOK LAYLAND -1.088
BAJAJ AUTO -2.496
MAHINDRA & MAHINDRA 1.566
MARUTI SUZUKI -2.099
TVS MOTORS -2.057
FORCE MOTORS -5.703
ISUZU LTD -1.567
TABLE: 3.1.9
INDEX POINTS OF AUTOMOBILE INDUSTRY: JAN 2018 TO DEC 2018
JAN 26542.64 25945.3 -2.25 26243.97
FEB 26119.52 24832.4 -4.93 25475.96
MAR 24819.3 24057.25 -3.07 24438.28
APL 24572.7 25833.75 5.13 25203.23
MAY 25553.19 24471.58 -4.23 25012.39
JUN 24635.29 23838.3 -3.24 24236.8
JUL 23775.16 24496.98 3.04 24136.07
AUG 24307.5 24716.48 1.68 24511.99
SPT 24505.3 21476.52 -12.36 22990.91
OCT 21638.56 19881.08 -8.12 20759.82
NOV 19890.19 20900.17 5.08 20395.18
DEC 20860.92 20833.73 -0.13 20847.33
AVERAGE RETURNS = -1.95
GRAPH: 3.1.3 AUTOMOBILE INDUSTRY INDEX POINTS RETURNS
AUTOMOBILE INDUSTRY INDEX

30000 INDEX
AVG RETURNS
25000 POINTS
20000
15000
10000 Linear
5000 (INDEX
POINTS)
0
MONTHS
A. MAHESH BABU
INTERPRETATION:
MAHINDRA & MAHINDRA took place in the month of APRIL 2018 to the tune of
16.727.In contrast to this the lowest return with respect of FORCE MOTORS took place
in the month of SEPTEMBER 2018 to the tune of -24.74.

MAHINDRA & MAHINDRA (1.566) reached the first position. When it comes to the
lowest returns TATA MOTORS LTD (-7.476) remained in the forefront.
As per the AUTO INDEX given by BSE, the returns remain highest in the month
of APRIL 2018 (5.13) and the lowest in the month of SEPTEMBER 2018 (-12.36). The
average return of MAHINDRA & MAHINDRA is HIGHEST than average return of
AUTO INDEX. Totally 1 Company are noted POSITIVE average return than
AUTOMOBILE INDUSTRY and remaining 8 Companies are noted NEGATIVE average
return than it. The overall performance of AUTOMOBILE INDUSTRY Average returns
flow NEGATIVELY (-1.95).
A. MAHESH BABU
TABLE: 3.1.10
RETURNS OF BANKIMG INDUSTRY: JAN 2018 TO DEC 2018
SBI BANK OF BORODA ANDHRA BANK
Jan 307.5 312.75 1.71 161.55 157 -2.85 58.35 52.6 -9.85
Feb 305.55 268.75 -12.04 152.3 142 -6.76 51.25 46.05 -10.15
Mar 262.55 250.1 -4.74 138.4 142.2 2.75 45.25 41.65 -7.96
Apr 246.3 246.3 0.00 142 148.7 4.68 43.25 39.75 -8.09
May 240.65 269.2 11.86 144.05 137.1 -4.86 38.15 36.35 -4.72
Jun 266.75 259.3 -2.79 137.4 112.8 -17.90 35.05 32.7 -6.70
Jul 259.1 293.4 13.24 113.95 153.5 34.66 32.6 35.25 8.13
Aug 295.1 308.85 4.66 150.65 152.9 1.49 35.35 33.85 -4.24
Sep 306.4 265 -13.51 151.75 99.4 -34.50 34.45 27.4 -20.46
Oct 273.05 280.5 2.73 104.5 110.8 6.03 27.6 29.05 5.25
Nov 285.7 284.35 -0.47 107.7 104.7 -2.79 29.3 28.45 -2.90
Dec 287 295.65 3.01 107.75 118.9 10.30 28.45 29.3 2.99
ICICI BANK HDFC BANK LTD KOTAK MAHINDRA

Jan 310.55 352.95 13.65 1857 2006 8.04 1002 1110 10.79
Feb 345.75 313.5 -9.33 1992.3 1884 -5.44 1120 1089 -2.82
Mar 305.25 278.4 -8.80 1877.8 1891 0.73 1096 1049 -4.34
Apr 261.9 285.45 8.99 1930.5 1945 0.73 1097 1210 10.29
May 277.1 285.6 3.07 1970.4 2136 8.41 1257 1337 6.34
Jun 289.5 275.5 -4.84 2109.6 2108 -0.07 1319 1342 1.74
Jul 277.45 303.95 9.55 2073.2 2181 5.20 1339 1309 -2.18
Aug 299.05 342.65 14.58 2157.4 2062 -4.41 1314 1285 -2.21
Sep 334.05 305 -8.70 2074.3 2006 -3.31 1270 1144 -9.96
Oct 314.15 355.1 13.04 2036.4 1912 -6.11 1124 1118 -0.57
Nov 353.4 355 0.45 1911.2 2117 10.78 1109 1232 11.14
Dec 355.5 360 1.27 2113.5 2122 0.43 1229 1255 2.07
AXIS BANK LTD KARUR VYSYA BANK BANK OF INDIA

Jan 564.85 593.4 5.05 112.22 100.8 -10.17 170 157.4 -7.41
Feb 590.2 529.6 -10.27 103.72 98.22 -5.30 153.5 113.6 -25.97
Mar 526.1 509.4 -3.17 98.35 91.67 -6.79 113.1 103.4 -8.58
Apr 498.2 518.05 3.98 92.63 99.08 6.96 104.5 104 -0.53
May 523.45 543.3 3.79 95.94 95.35 -0.61 101.4 98.7 -2.66
Jun 537.15 510.4 -4.98 96.04 94.13 -1.99 96.7 87.5 -9.51
Jul 512.6 550.1 7.32 92.4 91.08 -1.43 87.85 94.35 7.40
Aug 544.9 649.2 19.14 97.35 93.6 -3.85 94.65 100.5 6.13
Sep 631.75 612.35 -3.07 93.6 77.15 -17.57 99.7 76.9 -22.87
Oct 593.95 581.9 -2.03 79.5 79.05 -0.57 79.05 86 8.79
Nov 602.35 625.75 3.88 78.4 80 2.04 86 84.85 -1.34
Dec 624.8 619.8 -0.80 79.1 89 12.52 88.75 104.1 17.24
A. MAHESH BABU
TABLE: 3.1.11
AVERAGES RETURN OF BANKING INDUSTRY SELECTED COMPANIES:
COMPANIES AVGS
SBI 0.304
BANK OF BORODA -0.812
ANDHRA BANK -4.893
ICICI BANK 2.745
HDFC BANK LTD 1.248
KOTAK MAHINDRA 1.692
AXIS BANK LTD 1.571
KARUR VYSYA BANK -2.231
BANK OF INDIA -3.276
TABLE: 3.1.12
INDEX POINTS OF BANKING INDUSTRY: JAN 2018 TO DEC 2018
JAN 28639.17 30986.13 8.19 45305.72
FEB 30788.39 28313.85 -8.04 43708.05
MAR 28072.19 27197.88 -3.11 41233.98
APL 27098.31 28651.87 5.73 42201.03
MAY 28614.54 30007.14 4.87 44314.41
JUN 29780.74 29250.56 -1.78 44140.93
JUL 29180.77 31005.96 6.25 45596.35
AUG 30834.87 31741.91 2.94 47159.35
SEP 31376.36 27992.18 -10.79 43680.36
OCT 28270.19 28359.59 0.32 42494.69
NOV 28611.24 30054.21 5.04 44359.83
DEC 29899.8 30376.68 1.59 45326.58
AVERAGE RETURNS = 0.94
GRAPH:3.1.4 BANKING INDUSTRY INDEX POINTS RETURNS
BANKING INDUSTRY INDEX

48000 BANKING
AVG RETURNS
INDUSTR
46000
Y INDEX
44000
42000
40000
Linear
38000 (BANKING
INDUSTR
Y INDEX)
MONTHS
A. MAHESH BABU
INTERPRETATION:
BANK OF BARODA took place in the month of JULAY 2018 to the tune of 34.66. In
contrast to this the lowest return with respect of BANK OF BARODA took place in the
month of SEPTEMBAR 2018 to the tune of -34.50.
When overall performance i.e. average return is taken in to consideration ICICI

BANK (2.745) reached the first position. When it comes to the lowest returns ANDRA
BANK LTD (-4.893) remained in the forefront.
As per the BANKEX given by BSE, the returns remain HIGHEST in the month of
JANUARY 2018 (8.19) and the lowest in the month of SEPTEMBER 2018 (-10.79). The
average return of ICICI BANK is HIGHEST than average return of BANKEX. Totally 5
banks are noted POSITIVE average return than BANKING INDUSTRY and remaining 3
banks are noted NEGATIVE average return than it. The overall performance of BANKING
INDUSTRY Average returns flow POSITIVELY (0.94).
A. MAHESH BABU
TABLE: 3.1.13
RETURNS OF CEMENT INDUSTRY: JAN 2018 TO DEC 2018
ULTRATECH CEMENT SHREE CEMENT AMBUJA CEMENT
Jan 4257.5 4379.9 2.875 17881 17212 -3.74 267.6 261.1 -2.43
Feb 4389.4 4154 -5.363 17423 16678 -4.28 264.9 252.6 -4.63
Mar 4150 3947.9 -4.870 16617 16182 -2.62 253 233.3 -7.77
Apr 3983.3 4110 3.180 16434 16844 2.50 240.7 250 3.86
May 4021.5 3734.7 -7.131 16601 16837 1.42 245.7 205.2 -16.47
Jun 3685.9 3802 3.150 16600 15556 -6.29 203.4 207.5 1.99
Jul 3781.5 4190 10.801 15764 17064 8.25 200.3 230.1 14.85
Aug 4193.9 4470.2 6.587 17216 18960 10.13 233.5 241.5 3.40
Sep 4369.5 4055.8 -7.179 18968 16836 -11.24 240.1 223 -7.14
Oct 3947 3498.8 -11.356 16763 13896 -17.10 222.1 197.1 -11.24
Nov 3592.3 3992.9 11.152 13944 16476 18.16 199.8 218 9.11
Dec 4058.6 4002.7 -1.377 16787 17212 2.53 220.4 224.4 1.81
RAMCO CEMENT ACC CEMENT SAGAR CEMENT

Jan 781.5 760.2 -2.73 1735.2 1716 -1.08 887.9 992.3 11.764
Feb 756.15 751.55 -0.61 1733.1 1626 -6.19 1005 980 -2.449
Mar 741.65 733.45 -1.11 1633.7 1508 -7.68 966.4 924.6 -4.326
Apr 740.2 823.3 11.23 1537 1584 3.03 941.9 1032 9.588
May 823.6 773.85 -6.04 1561 1356 -13.12 1014 927.4 -8.505
Jun 762.15 700.5 -8.09 1329.6 1338 0.65 902.9 796.3 -11.806
Jul 700.15 719.25 2.73 1313.8 1527 16.24 806.4 820.7 1.773
Aug 708.85 689.2 -2.77 1532.8 1639 6.92 816.7 752.3 -7.880
Sep 680.1 640.15 -5.87 1658.8 1551 -6.53 735.9 686.1 -6.761
Oct 653.6 598.9 -8.37 1574.9 1375 -12.68 660.1 638.6 -3.257
Nov 599.3 604.05 0.79 1405.1 1485 5.68 651.5 668.9 2.671
Dec 609.25 639.35 4.94 1513.4 1505 -0.57 684.4 683.3 -0.168
DATE JK CEMENT INDEA CEMENTS DECCAN CEMENT

Jan 1119.2 1109.5 -0.86 181 168.2 -7.07 556.5 574.2 3.18
Feb 1129.9 1012.1 -10.42 165.55 159.3 -3.78 575.7 569 -1.16
Mar 1025.6 1016.6 -0.87 157.15 141.7 -9.86 568.2 506.7 -10.82
Apr 1008.4 998.9 -0.94 152.7 146.9 -3.80 516.4 528.3 2.30
May 995.85 942.45 -5.36 142.5 129.9 -8.88 525.6 472.6 -10.09
Jun 938.75 871.85 -7.13 125.8 105.7 -16.02 462.1 403.2 -12.76
Jul 859.6 765.9 -10.90 104.3 117.1 12.22 422.2 450.1 6.61
Aug 769.55 796.6 3.52 116.05 126.4 8.88 457.5 419.3 -8.35
Sep 808.5 772.45 -4.46 123.65 101.1 -18.24 423.8 389.2 -8.18
Oct 754.45 669.85 -11.21 100.25 89.6 -10.62 370.2 356.1 -3.81
Nov 678.4 710.35 4.71 91.75 93.75 2.18 368.1 380.6 3.40
Dec 706.75 715.35 1.22 97.2 96.1 -1.13 381.1 419.5 10.09
A. MAHESH BABU
TABLE: 3.1.14
AVERAGES RETURNS OF CEMENT INDUSTRY SELECTED COMPANIES
COMPANIES AVGS
ULTRATECH CEMENT 0.039
SHREE CEMENT -0.191
AMBUJA CEMENT -1.219
RAMCO CEMENT -1.325
ACC CEMENT -1.276
SAGAR CEMENT -1.613
JK CEMENT -3.559
INDEA CEMENTS -4.676
DECCAN CEMENT -2.465
TABLE: 3.1.15
INDEX POINTS OF CEMENT INDUSTRY: JAN 2018 TO DEC 2018
JAN 3531.05 3545.17 0.40 5310.695
FEB 3560.13 3418.76 -3.97 5198.825
MAR 3398.9 3142.4 -7.55 4841.85
APL 3205.51 3373.66 5.25 4976.415
MAY 3302.35 3141.09 -4.88 4792.265
JUN 3101.39 2976.93 -4.01 4527.625
JUL 2940.12 3044.68 3.56 4514.74
AUG 3035.25 3232.82 6.51 4750.445
SPT 3230.39 2993.4 -7.34 4608.595
OCT 2988.63 2791.91 -6.58 4286.225
NOV 2837.8 2853.69 0.56 4272.59
DEC 2881.36 2866.93 -0.50 4307.61
AVG = -1.55
Sources: Share price data collected from BSE Website 01 Jan 2018- 31 Dec 2018.
GRAPH:3.1.5 CEMENT INDUSTRY INDEX POITS RETURS
CEMENT INDUSTRY INDEX

6000 CEMENT
5000 INDUSTR
Y INDEX
AVG RETURNS
4000
3000
2000
1000 Linear
(CEMENT
0 INDUSTR
Y INDEX)
MONTHS
A. MAHESH BABU
INTERPRETATION:
SHREE CEMENT took place in the month of NOVEMBER 2018 to the tune of 18.16. In
contrast to this the lowest return with respect of INDIA CEMENT took place in the month
of SEPTEMBAR 2018 to the tune of -18.24.

ULTRATECH CEMENT (0.039) reached the first position. When it comes to the lowest
returns INDIA CEMENT (-4.676) remained in the forefront.
As per the BASIC MATERIAL INDEX given by BSE, the returns remain highest
in the month of AUGUST 2018 (6.51) and the lowest in the month of MARCH 2018
(-7.55). The average return of State Bank of India is closely related to the average return
of BANKEX average return. Totally 1 Company are noted POSITIVE average return than
CEMENT INDUSTRY and remaining 8 Companies are noted NEGATIVE average return
than it. The overall performance of CEMENT INDUSTRY Average returns flow
NEGATIVELY (-1.55).
A. MAHESH BABU
TABLE: 3.1.16
RETURNS OF TELECOM INDUSTRY: JAN 2018 TO DEC 2018
RELIANCE
BHARATI AIRTEL LTD COMMUNICATIONS MTNL
Jan 528.15 439.65 -16.76 35.4 29.5 -16.67 28.15 25.15 -10.66
Feb 438.05 427.35 -2.44 28.65 28.3 -1.22 24.25 22.5 -7.22
Mar 426.75 396.9 -6.99 27.85 21.75 -21.90 22.15 18.85 -14.90
Apr 394.45 409.55 3.83 22.55 15.25 -32.37 19.35 19.35 0.00
May 408 373.8 -8.38 16.05 18.7 16.51 19.05 16.4 -13.91
Jun 382.6 381.1 -0.39 16.45 13.8 -16.11 16.05 15.9 -0.93
Jul 367.15 390.7 6.41 13.24 14.37 8.53 15.8 16.1 1.90
Aug 383.65 383.35 -0.08 14.77 18.26 23.63 15.9 16.3 2.52
Sep 384.25 338.25 -11.97 18.2 11.9 -34.62 15.95 13.55 -15.05
Oct 325.85 292.15 -10.34 11.93 12.33 3.35 13.79 13.45 -2.47
Nov 292.8 313.55 7.09 14.05 14.27 1.57 14.05 12.86 -8.47
Dec 320.3 313.9 -2.00 16.62 14.69 -11.61 12.9 16.19 25.50
TATA
COMMUNICATIONS VODAFONE IDEA LTD
Date OPEN CLOSE Return OPEN CLOSE Return
Jan 678.45 615.7 -9.25 104.85 93.15 -11.16
Feb 621.65 643.05 3.44 91.25 83.7 -8.27
Mar 637.75 621.15 -2.60 83 75.75 -8.73
Apr 636.15 621.95 -2.23 77.6 69.05 -11.02
May 629.45 617.1 -1.96 67.2 61.65 -8.26
Jun 602.2 593.4 -1.46 61.65 59.25 -3.89
Jul 591.1 578.15 -2.19 57 54.9 -3.68
Aug 589.55 539.35 -8.51 53.6 49.5 -7.65
Sep 531.35 500.75 -5.76 51.05 38.45 -24.68
Oct 503.4 490.55 -2.55 38.8 38.6 -0.52
Nov 496.35 538.5 8.49 38.85 35.45 -8.75
Dec 528.55 523.55 -0.95 35.6 37.7 5.90
TABLE: 3.1.17
AVERAGE RETURNS OF TELECOM INDUSTRY SELECTED COMPANIES:
COMPANIES AVGS
BHARATI AIRTEL LTD -3.502
RELIANCE COMMUNICATIONS -6.742
MTNL -3.640
TATA COMMUNICATION -2.128
VODAFONE IDEA LTD -7.560
A. MAHESH BABU
TABLE: 3.1.18
TELECOM INDUSTRY INDEX POINTS: JAN 2018 TO DEC 2018
JAN 1665.16 1476.2 -11.35 2308.78
FEB 1471.74 1434.66 -2.52 2170.53
MAR 1425.75 1321.9 -7.28 2034.775
APL 1329.28 1298.08 -2.35 1962.72
MAY 1292.27 1206.09 -6.67 1852.225
JUN 1211.32 1185.39 -2.14 1791.05
JUL 1154.44 1189.78 3.06 1767
AUG 1183.26 1179.55 -0.31 1771.18
SPT 1185.94 1021.75 -13.84 1614.72
OCT 1008.5 979.83 -2.84 1484.08
NOV 978.99 991.82 1.31 1481.315
DEC 1003.25 988.38 -1.48 1490.005
AVG = -3.87
Sources: all data collected from BSE Website 01 Jan 2018- 31 Dec 2018
GRAPH:3.1.6 TELECOM INDUSTRY INDEX POINTS
TEELCOM
TEELCOM INDUSTRY INDEX INDUSTR
2500
Y INDEX
2000 POINTS
AVG RETURNS
1500
1000
Linear
500 (TEELCO
M
0 INDUSTR
Y INDEX
MONTHS POINTS)
A. MAHESH BABU
INTERPRETATION:
In the course of the study it has been revel that the highest return with respect to
MTNL took place in the month of DECEMBER 2018 to the tune of 25.50. In contrast to
this the lowest return with respect of RELIANCE COMMUNICATIONS took place in the
month of SEPTEMBAR 2018 to the tune of -34.62.
When overall performance i.e. average return is taken in to consideration TATA
COMMUNICATIONS (-2.128) reached the first position. When it comes to the lowest
returns VODAFONE IDEA LTD (-7.560) remained in the forefront.
As per the TELECOM INDEX given by BSE, the returns remain highest in the
month of September 2006(13.90) and the lowest in the month of May2006 (-9.19). The
average return of State Bank of India is closely related to the average return of BANKEX
average return. Totally ALL 5 Companies are noted NEGATIV average return than
TELECOM INDUSTRY. The overall performance of TELECOM INDUSTRY Average
returns flow NEGATIVELY (-3.87).
A. MAHESH BABU
3.2 CALUCULATION OF RISK

3.2.1 STADARD DEVIATION:
3.2.2 VARIANCE:
3.2.3 COEFFICIANT OF VARIANCE
COMPARISION OF RISK AND RETURN FOR THE

PHARMACEUTICAL INDUSTRY:
To compare the Pharmaceutical industry return and risk this study is used
coefficient of variance. It helps us to know how much return we are getting for the baring
of that much risk. On the basis of that this study gives ranks for the selected Pharmaceutical
firms. It helps to the investors to analyze the risks and returns involved in the
Pharmaceutical industry.
TABLE: 3.2.1
COMPANIES AVGS S.D VARIANCE COEFFICIANT RANKS
OF VARIANCE
INDEX POINTS -0.13 5.74 32.93 -42.94
DIVA’S LABORETORY -2.581 7.84 61.40 -3.04 -
CIPLA Ltd -1.048 8.42 70.88 -8.04 -
SUN PHARMA -1.1142 8.91 79.41 -8.00 -
AJANTA PHARMA -0.877 11.62 134.94 -13.25 -
CADILA HEALTHCARE -1. 508 6.08 37.02 -4.04 -
ALEMBIC PHARMA -0.841 12.45 155.04 -14.80 -
AUROBINDO PHARMA 0.845 9.83 96.55 11.63 2
GLENMARK LABS 0.175 6.69 44.76 38.25 3
DR REDDYS LABS 2.368 7.20 51.82 3.04 1
INTERPRETATION:
The above table shows that risk and return for each company, and it also reveals that
coefficient of variance for each company. In the above table ranks has given on the basis
of coefficient of variance for each company, accordingly ranks are given for each company.
As per the ranking DR. REDDY’S LABORATORY has got first rank for its best
performance as it has been low Coefficient of variance. GLENMARK LABS has got least
rank in the selected companies for its least performance.
The co-efficient of Pharmaceutical index has represented on Negative (-42.94). It shows
that this Industry has High risk.
A. MAHESH BABU
COMPARISION OF RISK AND RETURN FOR THE I.T INDUSTRY:

To compare the I.T industry return and risk this study is used coefficient of
variance. It helps us to know how much return we are getting for the baring of that much
risk. On the basis of that this study gives ranks for the selected I.T firms. It helps to the
investors to analyze the risks and returns involved in the I.T industry.
TABLE: 3.2.2
COMPANIES AVGS S.D VARIANCE CO-EFFICIANT RANKS
OF VARIANCE
INDEX POINTS 2.04 5.89 34.66 2.89
TCS 2.942 9.84 96.79 3.34 5
TECH MAHINDRA 3.748 7.49 56.11 2.00 1
INFOSYS 2.130 5.14 26.45 2.42 3
WIPRO 0.019 4.47 19.98 236.00 8
HCL TECHONOLOGIES 1.334 6.17 38.05 4.63 7
Mphasis 3.797 10.62 112.84 2.80 4
ORACLE FINANCIAL -0.120 6.48 42.05 -53.82 -
MINDTREE 3.729 15.57 242.44 4.17 6
LARSON & TOURBO 4.251 9.03 81.57 2.12 2
INFOTECH
INTERPRETATION:
The above table shows that risk and return for each company. And it also reveals that
coefficient of variance of each company, accordingly ranks are given for the company. As
per the ranking TECH MAHINDRA got first rank for its best performance as it has low
coefficient of variance. WIPRO has got least rank in the selected companies for its least
performance.
The co-efficient of variance of I.T industry index has represented on POSOTIVE (2.89). It
shows that this Industry has low risk.
A. MAHESH BABU
COMPARISION OF RISK AND RETURN FOR THE AUTOMOBILE

INDUSTRY:
To compare the AUTOMOBILE industry return and risk this study is used
coefficient of variance. It helps us to know how much return we are getting for the baring
of that much risk. On the basis of that this study gives ranks for the selected
AUTOMOBILE firms. It helps to the investors to analyze the risks and returns involved in
the AUTOMOBILE industry.
TABLE: 3.2.3
CO-EFFICIANT RANKS
COMPANIES AVGS S.D VARIANCE OF VARIANCE
INDEX POINTS -1.95 5.26 27.68 -2.70
TATA MOTORS -7.476 7.39 54.59 -0.99 -
HERO MOTOCORP -1.700 4.91 24.14 -2.89 -
ASHOK LAYLAND -1.088 9.88 97.69 -9.09 -
BAJAJ AUTO -2.496 5.38 28.94 -2.16 -
MAHINDRA & 1.566 7.74 59.87 4.94 1
MAHINDRA
MARUTI SUZUKI -2.099 8.08 65.23 -3.85 -
TVS MOTORS -2.057 6.17 38.04 -3.00 -
FORCE MOTORS -5.703 9.29 86.36 -1.63 -
ISUZU LTD -1.567 9.00 81.07 -5.75 -
INTERPRETATION:
coefficient of variance of each company, accordingly ranks are given for the company. As
per the ranking only MAHINDRA & MAHINDRA has got first rank for its best
performance. And remaining all companies are getting Negative returns in this Industry.
The co-efficient of variance of Auto index has represented on NEGATIVE (-2.70). It shows
that this Industry has High risk.
A. MAHESH BABU
COMPARISION OF RISK AND RETURN FOR THE BANKING

INDUSTRY:
To compare the BANKING industry return and risk this study is used coefficient
of variance. It helps us to know how much return we are getting for the baring of that much
risk. On the basis of that this study gives ranks for the selected BANKING firms. It helps
to the investors to analyze the risks and returns involved in the BANKING industry.
TABLE: 3.2.4
COMPANIES AVGS S.D VARIANCE CO-EFFICIANT RANKS
OF VARIANCE
INDEX POINTS 0.94 5.90 34.81 6.31
SBI 0.304 8.06 64.92 26.51 5
BANK OF BORODA -0.812 16.41 269.43 -20.22 -
ANDHRA BANK -4.893 7.73 59.69 -1.58 -
ICICI BANK 2.745 9.17 84.10 3.34 1
HDFC BANK LTD 1.248 5.71 32.60 4.58 3
KOTAK 1.692 6.71 45.07 3.97 2
MAHINDRA BANK
AXIS BANK LTD 1.571 7.48 55.97 4.76 4
KARUR VYSYA -2.231 7.73 59.78 -3.47 -
BANK OF INDIA -3.276 12.66 160.33 -3.87 -
INTERPRETATION:
The above table shows that risk and return for each Banks. And it also reveals that
coefficient of variance of each company, accordingly ranks are given for the Banks. As per
the ranking ICICI BANK has got first rank for its best performance. SBI has got least rank
in the selected Banks for its least performance.
The co-efficient of variance of BANKING Industry index has represented on POSITIVE
(6.31). It shows that this industry has Low risk.
A. MAHESH BABU
COMPARISION OF RISK AND RETURN FOR THE CEMENT

INDUSTRY:
To compare the CEMENT industry return and risk this study is used coefficient of
variance. It helps us to know how much return we are getting for the baring of that much
risk. On the basis of that this study gives ranks for the selected Cement firms. It helps to
the investors to analyze the risks and returns involved in the CEMENT industry.
TABLE: 3.2.5
COMPANIES AVGS S.D VARIANCE CO-EFFECIANT RANKS
OF VARIANCE
INDEX POINTS -1.55 4.90 24.03 -3.17
ULTRATECH 0.04 7.38 54.40 188.88 1
SHREE CEMENT -0.19 9.59 92.02 -50.17 -
AMBUJA CEMENT -1.22 8.82 77.78 -7.23 -
RAMCO CEMENT -1.32 5.73 32.78 -4.32 -
ACC CEMENT -1.28 8.57 73.48 -6.72 -
SAGAR CEMENT -1.61 7.16 51.30 -4.44 -
JK CEMENT -3.56 5.55 30.81 -1.56 -
INDEA CEMENTS -4.68 9.19 84.42 -1.96 -
DECCAN CEMENT -2.47 7.59 57.59 -3.08 -
INTERPRETATION:
The above table shows that risk the return for each company. And it also reveals that
coefficient of variance for each company, accordingly ranks are given for the company. As
per the ranking only ULTRATECH CEMENT (188.88) has got its best performance. And
all firms are NEGATIVE coefficient of variance.
The co-efficient of variance of CEMENT INDUSTRY index has represented NEGATIVE
(-3.17). It shows that this industry has High risk.
A. MAHESH BABU
COMPARISION OF RISK AND RETURN FOR THE TELECOM

INDUSTRY:
To compare the TELECOM industry return and risk this study is used coefficient
of variance. It helps us to know how much return we are getting for the baring of that much
risk. On the basis of that this study gives ranks for the selected TELECOM firms. It helps
to the investors to analyze the risks and returns involved in the TELECOM industry.
TABLE: 3.2.6
COMPANIES AVGS SD VARIANCE CO-EFFICIANT RANKS
OF VARIANCE
INDEX PPOINTS -3.87 5.01 25.12 -1.30
AIRTEL LTD -3.50 7.50 56.29 -16.07 -
RELIANCE -6.74 18.52 342.87 -50.85 -
MTNL -3.64 11.23 126.15 -34.65 -
TATA -2.13 4.77 22.80 -10.71 -
VODAFONE IDEA -7.56 7.27 52.83 -6.99 -
INTERPRETATION:
coefficient of variance for each company. All the TELECOM firms and INDUSTRY also
got Negative Coefficient’s (-1.30). It shows that this Industry has Very High risk.
A. MAHESH BABU
3.3 SIMPLE MOVING AVARAGE

SIMPLE MOVING AVG OF PHARMACEUTICAL INDUSTRY:
TABLE: 3.3.1
MONTHS CLOSE 3 MONTHS AVGS 5 MONTHS AVGS
Jan-18 14799.78 - -
Feb-18 14113.01 - -
Mar-18 13057.62 13990.14 -
Apr-18 14153.59 13774.74 -
May-18 13002.72 13404.64 13825.34
Jun-18 14003.64 13719.98 13666.12
Jul-18 14205.73 13737.36 13684.66
Aug-18 15945.17 14718.18 14262.17
Sep-18 15025.34 15058.75 14436.52
Oct-18 14726.58 15232.36 14781.29
Nov-18 14332.65 14694.86 14847.09
Dec-18 13923.37 14327.53 14790.62
Jan-19 13881.35 14045.79 14377.86
Feb-19 13760.65 13855.12 14124.92
Mar-19 14213.7 13951.90 14022.34
Sources: Share prices data collected from BSE Website 01 Jan 2018 - 30 Mar 2019.
GRAPH:3.3.1 PHARMACEUTICAL INDUSTRY SIMPLE MOVIVING AVG

PHARMACEUTICAL INDUSTRY INDEX
15500
AVERAGE INDEX
15000
14500
14000
13500
13000 3 MONTHS AVGS
12500
12000 5 MONTHS AVGS
MONTHS
INTERPRETATION:
The 3 months Simple Moving Average shows that Highest returns in the month of
OCTOBER 2018 (15232.36), and Lowest returns in the month of MAY 2018 (13404.64).
The overall performance of Parma industry is decreased in the last Five months.
NOVEMBER 2018 (14847.90), ad Lowest returns in the month of JUNE 2018 (13666.12).
The overall industry performance has decreased in the last Four months.
A. MAHESH BABU
SIMPLE MOVING AVG OF I.T INDUSTRY:

TABLE: 3.3.2
Jan-18 12556.98 - -
Feb-18 12505.73 - -
Mar-18 12100.55 12387.75 -
Apr-18 13567.69 12724.66 -
May-18 13452.83 13040.36 12836.76
Jun-18 13920.07 13646.86 13109.37
Jul-18 14527.23 13966.71 13513.67
Aug-18 15548.52 14665.27 14203.27
Sep-18 15628.94 15234.90 14615.52
Oct-18 14531.6 15236.35 14831.27
Nov-18 14296.74 14819.09 14906.61
Dec-18 14089.56 14305.97 14819.07
Jan-19 15264.1 14550.13 14762.19
Feb-19 15253.86 14869.17 14687.17
Mar-19 14897.56 15138.51 14760.36
Sources: Share prices data collected from BSE Website 01 Jan 2018- 30 Mar 2019.
GRAPH: 3.3.2 I.T. INDUSTRY SIMPLE MOVING AVERAGE
I.T. INDUSTRY INDEX

16000
AVERAGE INDEX
14000
12000
10000
8000
6000 3 MONTHS AVGS
4000
5 MONTHS AVGS
2000
0
MONTHS
INTERPRETATION:
The overall performance of I.T Industry is continuously increased.
NOVEMBER 2018 (14906.61), ad Lowest returns in the month of MAY 2018 (12836.76).
A. MAHESH BABU
SIMPLE MOVING AVG OF AUTOMOBILE INDUSTRY:

TABLE: 3.3.3
Jan-18 25945.3 - -
Feb-18 24832.4 - -
Mar-18 24057.25 24944.98 -
Apr-18 25833.75 24907.80 -
May-18 24471.58 24787.53 25028.06
Jun-18 23838.3 24714.54 24606.66
Jul-18 24496.98 24268.95 24539.57
Aug-18 24716.48 24350.59 24671.42
Sep-18 21476.52 23563.33 23799.97
Oct-18 19881.08 22024.69 22881.87
Nov-18 20900.17 20752.59 22294.25
Dec-18 20833.73 20538.33 21561.60
Jan-19 18494.59 20076.16 20317.22
Feb-19 18805.66 19377.99 19783.05
Mar-19 19648.09 18982.78 19736.45
GRAPH:3.3.3 AUTOMOBILE INDUSTRY INDEX SIMPLE MOVING AVG
AUTOMOBILE INDUSTRY INDEX

30000
25000
20000
AVERAGE INDEX
15000
10000
5000 3 MONTHS AVGS
0 5 MONTHS AVGS
MONTHS
INTERPRETATION:
NOVEMBER 2018 (14906.61), ad Lowest returns in the month of MAY 2018 (12836.76).
A. MAHESH BABU
SIMPLE MOVING AVERAGE OF BANKING INDUSTRY:

TABLE: 3.3.4
Jan-18 30986.13 - -
Feb-18 28313.85 - -
Mar-18 27197.88 28832.62 -
Apr-18 28651.87 28054.53 -
May-18 30007.14 28618.96 29031.37
Jun-18 29250.56 29303.19 28684.26
Jul-18 31005.96 30087.89 29222.68
Aug-18 31741.91 30666.14 30131.49
Sep-18 27992.18 30246.68 29999.55
Oct-18 28359.59 29364.56 29670.04
Nov-18 30054.21 28801.99 29830.77
Dec-18 30376.68 29596.83 29704.91
Jan-19 30731.37 30387.42 29502.81
Feb-19 30027.41 30378.49 29909.85
Mar-19 32401.37 31053.38 30718.21
GRAPH: 3.3.4 BANKIG INDUSTRY INDEX SIMPLE MOVING AVG
BANKING INDUSTRY INDEX

32000
31000
AVERAGE INDEX
30000
29000
28000
3 MONTHS AVGS
27000
26000 5 MONTHS AVGS
MONTHS
INTERPRETATION:
The 3 months Simple Moving Average shows that Highest returns in the month of MARCH
2019 (31053.38), and Lowest returns in the month of APRIL 2018 (28054.53). The overall
performance of BANKING Industry is continuously increased last five months.
MARCH 2019 (30718.21), ad Lowest returns in the month of JUNE 2018 (28684.26). The
overall performance of BANKING Industry is increased.
A. MAHESH BABU
SIMPLE MOVING AVERAGES OF CEMENT INDUSTRY:

TABLE: 3.3.5
Jan-18 3545.17 - -
Feb-18 3418.76 - -
Mar-18 3142.4 3368.78 -
Apr-18 3373.66 3311.61 -
May-18 3141.09 3219.05 3324.22
Jun-18 2976.93 3163.89 3210.57
Jul-18 3044.68 3054.23 3135.75
Aug-18 3232.82 3084.81 3153.84
Sep-18 2993.4 3090.30 3077.78
Oct-18 2791.91 3006.04 3007.95
Nov-18 2853.69 2879.67 2983.30
Dec-18 2866.93 2837.51 2947.75
Jan-19 2669.98 2796.87 2835.18
Feb-19 2672.15 2736.35 2770.93
Mar-19 2825.84 2722.66 2777.72
GRAPH:3.3.5 CEMENT INDUSTRY INDEX SIMPLE MOVING AVERAGE
CEMENT INDUSTRY INDEX

4000
AVERAGE INDEX
3500
3000
2500
2000
1500
1000 3 MONTHS AVGS
500 5 MONTHS AVGS
0
MONTHS
INTERPRETATION:
2018 (3368.78), and Lowest returns in the month of MARCH 2019 (2722.66). The overall
performance of CEMENT Industry is continuously Decreasing.
The 5 months Simple Moving Average shows that the Highest returns in the month
of MAY 2018 (3324.22), ad Lowest returns in the month of FEBRUARY 2019 (2770.93).
The overall performance of CEMENT Industry has Decreased.
A. MAHESH BABU
SIMPLE MOVING AVERAGE OF TELECOM INDUSTRY:

TABLE: 3.3.6
MONTHS INDEX 3 MONTHS AVGS 5 MONTHS AVGS
Jan-18 1476.2 - -
Feb-18 1434.66 - -
Mar-18 1321.9 1410.92 -
Apr-18 1298.08 1351.55 -
May-18 1206.09 1275.36 1347.39
Jun-18 1185.39 1229.85 1289.22
Jul-18 1189.78 1193.75 1240.25
Aug-18 1179.55 1184.91 1211.78
Sep-18 1021.75 1130.36 1156.51
Oct-18 979.83 1060.38 1111.26
Nov-18 991.82 997.80 1072.55
Dec-18 988.38 986.68 1032.27
Jan-19 976.71 985.64 991.70
Feb-19 987.23 984.11 984.79
Mar-19 1059.97 1007.97 1000.82
Sources: Share prices data collected from BSE Website 01 Jan 2018 - 30 Mar 2019.
GRAPH:3.3.6 TELECOM INDUSTRY INDUSTY INDEX SIMPLE MOVING

TELECOM INDUSTRY INDEX
1600
AVERAGE INDEX
1400
1200
1000
800
600
400 3 MONTHS AVGS
200 5 MONTHS AVGS
0
MONTHS
INTERPRETATION:
2018 (1410.92), and Lowest returns in the month of FEBRUARY 2018 (984.11). The
overall performance of CEMENT Industry is continuously Decreasing.
The 5 months Simple Moving Average shows that Highest returns in the month of MAY
2018 (1347.39), ad Lowest returns in the month of FEBRUARY 2019 (984.79). The overall
performance of CEMENT Industry has Decreased.
A. MAHESH BABU
COMPARISION OF RISK AND RETURN FOR THE SELECTED INDUSTRIES

WISE
To compare the selected industries return and risk in the BSE. It helps us to know
how much return we are getting for the baring of that much risk. On the basis of that this
study gives ranks for the selected industries. It helps to the investors to analyze the risk and
returns involved in the selected industries.
TABLE: 3.4
INDUSTRIES AVG S.D VARIANCE COEFFICIANT RANKS
RETURN OF VARIANCE
PHARMACUETICAL -0.13 5.74 32.93 -42.94
I.T 2.04 5.89 34.66 2.89 1
BANKING 0.94 5.90 34.81 6.31 2
AUTOMOBILE -1.95 5.26 27.68 -2.70
CEMENT -1.55 4.90 24.03 -3.17
TELECOM -3.87 5.01 25.12 -1.30
GRAPH: 3.4 COMPARSION OF RISK & RETURNS FOR THE SELECTED

INDUSTRIES
INDUSTRIES COMPAROSION
10 6.31
2.04 2.89 0.94
AVERAGE RETURNS &
0
-0.13 -1.95 -2.7 -1.55-3.17 -1.3
-10 -3.87
RISK
-20
-30
-40
-50 -42.94
SELECTED INDUSTRIES
AVG RETURN COEFFICIANT OF VARIANCE
A. MAHESH BABU
INTERPRETATION:
The above table shows that risk and the return for each Industry in BSE. And it also shows
the coefficient of variance of each Industry in BSE. In the above table ranks has given on
the basis of coefficient of variance of each industry index. According to the basis of ranking
INFORMATION TECHNOLOGY INDEX (2.89) has got First Rank in selected indexes
for its best performance and BANKING INDUSTRY (6.31) has got Second Rank. Lowest
variability in the return it also tells that lowest fluctuations in the prices.
And the remaining 4 Industries i.e., PHARMACUETICAL, AUTOMOBILE, CEMENT

and TELECOM INDUSTRIES have Negative Coefficient of variance for highest
fluctuations in the prices of this 4 industries.
A. MAHESH BABU
CHAPTER – IV
FINDINGS, SUGGESTIONS & CONCLUSION
A. MAHESH BABU
FINDINGS
 The overall performance of PHARMACEUTICAL INDUSTRY have getting Negative

returns (-0.13). But in selected 9 firms, 3 firms have getting Positive returns and Less
risk and remaining 6 firms have getting Negative returns and High risk.
 The overall performance of I.T INDUSTRY have getting Positive returns and Higher
returns (2.04). But in selected 9 firms, 8 firms have getting Positive returns and
Minimum and remaining only 1 firm have getting Negative returns and Minimum risk.
 The overall performance of AUTOMOBILE INDUSTRY have getting Negative
returns (-1.95). But in selected 9 firms, only 1 firms have getting Positive returns and
less risk and remaining 8 firms have getting Negative returns and High risk.
 The overall performance of BANKING INDUSTRY have getting Positive returns
(0.94). But in selected 9 Banks 5 Banks have getting Positive returns and Less risk and
remaining 3 Banks getting Negative returns and Minimum risk.
 The overall performance of CEMENT INDUSTRY have getting Negative returns
(-1.55). But in selected 9 companies, only 1 company have getting Positive returns and
Less risk and remaining 8 companies have getting Negative returns and High risk.
 The overall performance of TELECOM INDUSTRY have getting Negative returns
(-3.87) and higher risk is involved. In selected all 5 Telecom firms have getting
Negative returns and High risk.
A. MAHESH BABU
SUGGESTIONS
This study is analysis the selected Six industries. After analysis, it is recommended Two
Industries and few Companies from that industries are suggested on the basis of Returns
and Risk i.e., I.T INDUSTRY and BANKING INDUSTRY.
The investor better to go for invest on I.T INDUSTRY. In this I.T have getting
Higher returns and very less risk is involved. In this industry the TECH MAHINDRA,
LARSON & TOURBO INFOTECH LTD, INFOSYS LTD and Mphasis Technologies
have getting the higher returns and to play a best performance of selected 9 companies.
The BANKING INDUSTRY to get better returns for the investors. In this Industry
the ICICI BANKN, KOTAK MAHINDRA BANK, HDFC BANK and AXIS BANK have
getting the higher returns and to play a best performance of selected 9 banks.
A. MAHESH BABU
CONCLUSTION
From the analysis of Return, Risk, and Simple moving average of selected 6 industries and
their 9 companies it is concluded that in selected 6 Industries only 2 Industries have shown
the Positive returns and Less risk. They are I.T INDUSTRY and BANKING INDUSTRY.
Especially TECH MAHINDRA, LARSON & TOURBO INFOTECH LTD, and

INFOSYS LTD have get the Higher returns and a very low risk in the I.T INDUSTRY.
And ICICI BANK, KOTAK MAHINDRA BANK and HDFC BANK’s have get
the Higher returns and a very low risk in the BANKING INDUSTRY.
The remaining 4 Industries i.e, TELECOM INDUSTRY, AUTOMOBILE

INDUSTRY, CEMENT INDUSTRY and PHARMACEUTICAL INDUSTRY’s they have
High risk and a very Low returns.
A. MAHESH BABU
BIBLIOGRAPHY
Book Name Author’s Name
Security Analysis – Sixth Edition - Benjaman Graham David L. Dodd.
Security Analysis – Second Edition - Peter J. Klein
Modern Security Analysis - Martian J. Whitman Fernando Diz
Security Analysis And Portfolio Management- Second Edition - S. Kevin.
Websites:
www.bseindia.com
www.gwcindia.com
A. MAHESH BABU

A Study On Security Analysis For Selected Industries

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In partial fulfillment of the requirements for the award of the degree of

Under the guidance of

DEPARTMENT OF BUSINESS ADMINISTRATION

ANNAMACHARYA PG COLLEGE OF COMPUTER STUDIES

Selected Industries with Reference of Goodwill Commodities, Tirupati.,” is submitted

by Mr. A.MAHESH BABU, H.T.No XXXXXXXXXX, in partial fulfillment of the

the award of any degree/diploma/certificate.

Signature of the Principal Signature of the Guide

Signature of the External Examiner

Selected Industries With Reference of Goodwill Commodities, Tirupati.,” is submitted

by me to the Department of Business Administration, Annamacharya P.G. College of

Date: 15-04-2019 Signature of the Student

Place: Rajampet (A. MAHESH BABU)

Departmental Committee of Annamacharya PG College of Computer Studies, for his

preparation and up to the completion of the report.

Finally I wish to express my gratitude to Mr. G. PURUSHOTHAM, Manager of

GOODWILL COMMODITIES, TIRUPATHI. Who gave irreplaceable support to grasp

the field in a new perspective.

(A. MAHESH BABU)

GRAPH NO TITLE PAGE NO

India is a developing country. Nowadays many people are interested to invest in

In an industry plagued with scepticism and a stock market increasingly difficult to

Investment means “postponed present consumption”

DRIVING FORCES OF INVESTMENT:

THE PROCESS OF INVESTMENT:

1. Farming of investment policy.

Investment Analysis Valuation Portfolio Portfolio

-Investible -Fundamental -Intrinsic -Diversification -Appraisal

fund -Technical value -Selection& -Revision

-Objectives -Efficient -Future Allocation

-Knowledge -Market Value

The entire investment procedure revolves around the availability of investible

Fundamental analysis is really a logical and systematic approach to estimating the

1.2 INDUSTRY PROFILE

Companies in this industry operate physical or electronic marketplaces to facilitate

The securities and commodity exchanges industry in the US includes about 34

Another crucial component of India’s financial industry is the insurance industry.

 Investments by Foreign Portfolio Investors (FPIs) in Indian capital markets have

Trends in market participation:

Indirect vs. direct investment:

Participation by income and wealth strata:

STOCK EXCHANGE BOARD OF INDIA:

REGULATION OF BUSINESS IN THE STOCK EXCHANGES

 The exchange provides a fair, equitable and growing market to investors.

During the earlier years' inspections, common deficiencies observed in the

1.3 COMPANY PROFILE

Goodwill Commodities is a full-service stockbroker, known for expertise in

As of now, Goodwill Commodities has a presence in around 70 locations through its

GOODWILL Commodities is listed on both the leading stock exchanges in India,

A SEBI authorized Portfolio Manager; it offers Portfolio Management Services to

Goodwill Commodities extension into commodities trading reconciles its strategic

Goodwill Commodities provided Portfolio Management Service is a product

STRENGHTS OF GOODWILL COMMODITIES:

 Reasonable intraday brokerage.

WEAKNESSES OF GOODWILL COMMODITIES:

 No focus whatsoever on developing in-house trading platforms.

Head Office New No #9 (Old No 4 2nd Floor,

Masha Allah Building, Bheema Sena Garden Street,

Off: Royapettah High Road,

(Near Thiruvalluvar statue), Mylapore

Chennai, Tamil Nadu-600 004

Goodwill Comtrades Pvt. Ltd