J.

Shivakumar

Roll No:18881e0020
 UNIT - I
INTRODUCTION
 INTRODUCTION

The listed company that trades shares publicly is a noteworthy topic. There square measure
such a big number of books that trot out equity. Investor’s square measure fascinating available
analysis as a result of them may provide USA such a big amount of returns. The nice analysis
may predict that company may provide multiple returns. The capitalist has cash within the
company and invested with them

It is not possible that a foul company may provide USA a high come. Garbage in, garbage out.
Sadly, some unhealthy firms look superb. They typically manipulate the monetary statements.
The stock analysis will reveal the particular company condition. This analysis is very important
not just for investors, however conjointly for different firms.
There square measure 2 major stock analyses d. H. elementary Analysis and Technical Analysis.
Each analysis has totally different ways. elementary analysis analyses the company's monetary
statements; in the meantime, the technicians square measure analysing the worth movement.

In accounting and finance, equity is that the residual or interest of rock bottom class of
investors in assets, in spite of everything liabilities is paid. If the valuation of assets does not
exceed the liabilities, there is a negative equity. Inside the context of accounting, equity (or
equity, equity, equity or similar terms) represents the remaining shares of Associate in Nursing
entity’s assets that area unit distributed among individual shareholders of common or
preferred shares.
At the beginning of a business, the homeowners have endowed funds inside the business to
finance the operation. This creates a liability for the business inside the type of capital, since
the business may well be a separate entity from its homeowners. Corporations are thought-
about for accounting functions as a result of the adding of liabilities and assets; this may be
the accounting equation. Once the booking of the liabilities, the positive remainder is taken
into consideration the business share of the owner.
NEED OF THE STUDY

One of the simplest stuffs you will do to push your coaching in commodities commercialism is
to stay a careful record of your business. to stay sensible records, you would like discipline,
rather like sensible commercialism. sadly, several goods traders don't take the time to follow
their commercialism history, which may offer a wealth of data to boost their probabilities of
success for many skilled traders, and people United Nations agency systematically create cash
from commercialism in commodities keep careful records their trade activity. Constant can't
before mentioned for the plenty that square measure perpetually losing their product.
Losing goods traders square measure either too lazy to stay records, or they'll not bear to
ascertain their miserable results. You would like to be able to face your issues and work on
some solutions if you would like to be a prosperous commodities dealer. If you'll not see your
mistakes and invest the mandatory work, you almost certainly mustn't exchange commoditie
OBJECTIVES OF THE STUDY
 This study was conducted to tell concerning the activities of the first and secondary
market (stock exchange).
 To understand why firms square measure progressing to the new emissions market in
MOTILAL OSWAL SECURITIES LTD.
 know how the first market activities utilized by firms in their remission to MOTILAL
OSWAL SECURITIES LTD

SCOPE OF THE STUDY

The capitalist will choose the monetary strength of the corporate and also the factors that
influence the corporate. The scope of the study is proscribing. We can say that the analysis
evidenced to be sensible for the capitalist, however the half-hour suspends from the market
mood.
The topic is chosen to research the factors that influence a company's future EPS supported the
company's foundations.
The market position of the investee in question to grant the analysis a lot of leeway is useful to
investors, shareholders and creditors in rating the corporate.

RESEARCH METHODOLOGY
The data assortment strategies embody each the first and secondary acquisition strategies.
1. Primary methodology:

This technique includes the information collected from personal discussions with approved
agents and members of the Exchange.
2. Secondary methodology:
The Secondary assortment strategies embody the lectures of the Department of Market
Operations, EDP, etc. of the administrate, still because the information collected by the News,
Journals of the NSE, HSE and varied books of this study
LIMITATIONS OF THE STUDY
 Time restriction was a vital limiting issue. Forty-five days weren't enough to hide the
theoretical ideas.
 Many different methods that would are investigated weren't created.
 Lack of information with the brokers.
 Distinction between theory and apply.
 Lack of necessary information and technology.
 UNIT – II
INDUSTRY PROFILE
AND
COMPANY PROFILE
 INDUSTRY PROFILE
Evolution
Indian Stock Markets are one of the oldest in Asia. Its history dates back to nearly 200 years ago. The
earliest records of security dealings in India are meager and obscure. The East India Company was the dominant
institution in those days and business in its loan securities used to be transacted towards the close of the eighteenth
century.
By 1830's business on corporate stocks and shares in Bank and Cotton presses took place inBombay. tho' the
mercantilism list was broader in 1839, there have been solely 0.5 a dozen brokers recognized by banks and
merchants throughout 1840 and 1850. The 1850's witnessed a fast development of business enterprise and
brokerage business attracted several men into the sphere and by 1860 the quantity of brokers accrued into sixty. In
1860-61 the yank war skint out and cotton provide from u. s. of Europe was stopped; therefore, the 'Share Mania' in
Republic of India begun. the quantity of brokers accrued to concerning two hundred to 250. However, at the top of
the yank war, in 1865, a fateful slump began (for example, Bank of urban center Share that had touched Rs 2850
might solely be oversubscribed at Rs. 87). At the top of the yank war, the brokers WHO thrived out of war in 1874,
found an area during a street (now befittingly known as as Dalal Street) wherever they might handily assemble and
interact business. In 1887, they formally established in urban center, the "Native Share and Stock Brokers'
Association” (which is alternatively mentioned as “ The stock exchange “). In 1895, the stock market acquired a
premise within the same street and it had been inaugurated in 1899. Thus, the stock market at Bombay was
consolidated.
Other leading cities available market operations
Ahmadabad gained importance next to Bombay with reference to cotton textile industry. After 1880, many mills
originated from Ahmadabad and rapidly forged ahead. As new mills were floated, the necessity for a stock market
at Ahmadabad was realized and in 1894 the brokers formed “The Ahmadabad Share and Stock Brokers’
Association”.
What the cotton textile industry was to Bombay and Ahmadabad, the jute industry was to Calcutta. Also tea and
coal industries were the opposite major industrial groups in Calcutta.
After the Share Mania in 1861-65, within the 1870’s there was a pointy boom in jute shares, which was followed by
a boom in tea shares within the 1880’s and 1890’s; and a coal boom between 1904 and 1908. On June 1908, some
leading brokersformed "The Calcutta stock market Association".
In the beginning of the 20 th century, the economic revolution was on the way in India with the Swadeshi
Movement; and with the inauguration of the Tata Iron and company Limited in 1907, a crucial stage in industrial
advancement under Indian enterprise was reached.
Indian cotton and jute textiles, steel, sugar, paper and flour mills and every one companies generally enjoyed
phenomenal prosperity, thanks to the primary war .
In 1920, the then demure city of Madras had the maiden thrill of a stock market functioning in its midst, under the
name and elegance of "The Madras Stock Exchange" with 100 members. However, when boom faded, the amount
of members stood reduced from 100 to three , by 1923, then it went out of existence.
In 1935, the stock exchange activity improved, especially in South India where there was a rapid increase within the
number of textile mills and lots of plantation companies were floated. In 1937, a stock market was once more
organized in Madras - Madras stock market Association (Pvt) Limited. (In 1957 the name was changed to Madras
stock market Limited).
Lahore stock market was formed in 1934 and it had a quick life. it had been merged with the Punjab stock market
Limited, which was incorporated in 1936.
Indian Stock Exchanges - An Umbrella Growth
The Second war broke call at 1939. It gave a pointy boom which was followed by a slump. But, in 1943, things
changed radically, when India was fully mobilized as a supply base.
On account of the restrictive controls on cotton, bullion, seeds and other commodities, those dealing within the m
found in the stock exchange because the only outlet for his or her activities. They were anxious to hitch the trade
and their number was swelled by numerous others. Many new associations were constituted for the aim and Stock
Exchanges altogether parts of the country were floated.
The Uttar Pradesh stock market Limited (1940), Nagpur stock market Limited (1940) and HyderabadStock Exchange
Limited (1944) were incorporated.
In Delhi two stock exchanges - Delhi Stock and Share Brokers' Association Limited and therefore the Delhi Stocks
and Shares Exchange Limited - were floated and later in June 1947, amalgamated into the Delhi Stock Exchnage
Association Limited.
Post-independence Scenario
Most of the exchanges suffered almost a complete eclipse during depression. Lahore Exchange was closed during
partition of the country and later migrated to Delhi and merged with Delhi stock market .
Bangalore stock market Limited was registered in 1957 and recognized in 1963. Most of the other exchanges
languished till 1957 once they applied to the Central Government for recognition under the Securities Contracts
(Regulation) Act, 1956. Only Bombay, Calcutta, Madras, Ahmadabad, Delhi, Hyderabad and Indore, the well
established exchanges, were recognized under the Act. a number of the members of the opposite Associations were
required to be admitted by the recognized stock exchanges on a concessional basis, but working on the principle of
unitary control, of these pseudo stock exchanges were refused recognition by the govt of India and that they
thereupon ceased to function.
Thus, during early sixties there have been eight recognized stock exchanges in India (mentioned above). the
amount virtually remained unchanged, for nearly 20 years . During eighties, however, many stock exchanges were
established: Cochin stock exchange (1980), Uttar Pradesh stock exchange Association Limited (at Kanpur, 1982), and
Pune stock exchange Limited (1982), Ludhiana stock market Association Limited (1983), Gauhati stock market
Limited (1984), Kanara stock market Limited (at Mangalore, 1985), Magadh stock market Association (at Patna,
1986), Jaipur stock market Limited (1989), Bhubaneswar stock market Association Limited (1989), Saurashtra Kutch
stock market Limited (at Rajkot, 1989), Vadodara stock market Limited (at Baroda, 1990) and recently established
exchanges - Coimbatore and Meerut. Thus, at this , there are totally twenty one recognized stock exchanges in India
excluding the Over The Counter Exchange of India Limited (OTCEI) and thus the National stock exchange of India
Limited (NSEIL).
Trading Pattern of the Indian stock exchange
Trading in Indian stock exchanges are limited to listed securities of public limited companies. they're broadly
divided into two categories, namely, specified securities (forward list) and non-specified securities (cash list). Equity
shares of dividend paying, growth-oriented companies with a paid-up capital of atleast Rs.50 million and a market
capitalisation of atleast Rs.100 million and having quite 20,000 shareholders are, normally, put within the required
group and thus the balance in non-specified group.
Two kinds of transactions are often administered on the Indian stock exchanges: (a) spot delivery transactions "for
delivery and payment within the time or on the date stipulated when stepping into the contract which shall not be
quite 14 days following the date of the contract" : and (b) forward transactions "delivery and payment are often
extended by further period of 14 days each so as that the overall period doesn't exceed 90 days from the date of
the contract". The latter is permitted only within the case of specified shares. The brokers who carry over the
outstandings pay carry over charges (cantango or backwardation) which are usually determined by the rates of
interest prevailing.
A member broker in an Indian stock exchange can act as an agent, buy and sell securities for his clients on a
commission basis and may also act as a trader or dealer as a principal, buy and sell securities on his own account
and risk, in contrast with the practice prevailing on ny and London Stock Exchanges, where a member can act as a
jobber or a broker only.
the character of trading on Indian Stock Exchanges are that aged old conventional sort of face-to-face trading with
bids and offers being made by open outcry. However, there's an excellent amount of effort to modernize the Indian
stock exchanges within the very recent times.
Over The Counter Exchange of India (OTCEI)
The traditional trading mechanism prevailed within the Indian stock markets gave because of many functional
inefficiencies, such as, absence of liquidity, lack of transparency, unduly long settlement periods and benami
transactions, which affected the tiny investors to an excellent extent. To provide improved services to investors, the
country's first ringless, scripless, electronic stock exchange - OTCEI - was created in 1992 by country's premier
financial institutions - unit investment trust of India, Industrial Credit and Investment Corporation of India, Industrial
Development Bank of India, SBI Capital Markets, Industrial Finance Corporation of India, General Insurance
Corporation and its subsidiaries and CanBank Financial Services.
Trading at OTCEI is completed over the centres spread across the country. Securities traded on the OTCEI are
classified into:
 Listed Securities - The shares and debentures of the businesses listed on the OTC are often bought or sold at
any OTC counter everywhere the country and that they should not be listed anywhere else
 Permitted Securities - Certain shares and debentures listed on other exchanges and units of mutual funds
are allowed to be traded
 Initiated debentures - Any equity holding atleast one lakh debentures of a specific scrip offers them for
trading on the OTC.

OTC features a unique feature of trading compared to other traditional exchanges. That is, certificates of listed
securities and initiated debentures aren't traded at OTC. The original certificate are going to be safely with the
custodian. But, a counter receipt is generated out at the counter which substitutes the share certificate and is
employed for all transactions.
In the case of permitted securities, the system is analogous to a traditional stock exchange. the excellence is that
the delivery and payment procedure square measure about to be completed at intervals fourteen days.
Compared to the quality Exchanges, over-the-counter Exchange network has the following advantages:
 OTCEI has wide unfold commerce mechanism across the country that gives larger liquidity and lesser risk of
go-between charges.
 Greater transparency and accuracy of prices is obtained owing to the screen-based scripless commerce.
  Since the precise price of the human activity is shown on the laptop screen, the capitalist gets to know the
precise price at that s/he is commerce.
 Faster settlement and transfer technique compared to various exchanges.

National stock market (NSE)

With the easement of the Indian economy, it had been found inevitable to carry the Indian securities market
mercantilism system on par with the international standards. On the idea of the recommendations of high
supercharged Pherwani Committee, the National stock market was incorporated in 1992 by Industrial Development
Bank of India, Industrial Credit and Investment Corporation of India, Industrial Finance Corporation of India, all
Insurance firms, hand-picked industrial banks et al..
Trading at NSE is classified below 2 broad categories:
(a) Wholesale debt market and
(b) Capital market.
Wholesale debt market operations area unit like market operations - establishments and company bodies enter into
high worth transactions in money instruments like government securities, treasury bills, public sector unit bonds,
cash equivalent, certificate of deposit, etc. There area unit 2 styles of players in NSE:
(a) commercialism members and
(b) participants.
Recognized members of NSE area unit referred to as commercialism members World Health Organization trade on
behalf of themselves and their purchasers. Participants embrace commercialism members and huge players like
banks World Health Organization take direct settlement responsibility.
Trading at NSE takes place through a totally automatic screen-based commercialism mechanism that adopts the
principle of associate order-driven market. commercialism members will reside their offices and execute the
commercialism, since they're connected through a communication network. the costs at that the client and vender
area unit caning to interact will seem on the screen. once the costs match the dealing are going to be completed
and a confirmation slip are going to be written at the workplace of the commercialism member.
NSE has many blessings over the standard commercialism exchanges. they're as follows:
 NSE brings associate integrated securities market commercialism network across the state.
 Investors will trade at a similar worth from anyplace within the country since inter-market operations area
unit efficient in addition to the wide access to the securities.
 Delays in communication, late payments and therefore the malpractice’s prevailing within the ancient
commerce mechanism may be done away with larger operational potency and informational transparency
within the stock exchange operations, with the support of total computerised network.
 COMPANY PROFILE

MOTILAL OSWAL SECURITIES LTD. was supported in 1987 as alittle sub-broking unit, with solely 2 individuals
running the show. the main target on client orientation, moral and clear business practices, respect for expertise,
research-based price finance and therefore the implementation of progressive technology have created MOTILAL a
team of virtually 2000 individuals.
Today, the corporate could be a well varied money services company giving a variety of monetary merchandise and
services, such as:
• plus management
• Mediation and distribution
• Merchandise brokerage
• Portfolio Management Services
• Institutional shares
• Non-public equity
• Investment banking services and
• Main methods
The company encompasses a varied shopper base that has non-public shoppers (including high web price
individuals), mutual funds, foreign institutional investors, money establishments and company shoppers.
Headquartered in metropolis, the corporate encompasses a network of 512 cities and communities with one,428
business locations operated by Business Partners and MOTILAL as of New Year's Eve, 2016. As of New Year's Eve,
2016, MOTILAL had five, 27,368 registered customers.
In 2013, the corporate placed nine.48% of its equity in 2 US-based non-public equity investors - New Vernon non-
public Equity restricted and metallurgist Venture Partners.
The company was listed on BSE and NSE on September nine, 2015. The issue, that was quoted at Rs 825 per share
(nominal price R5 per share), received an amazing response and was signed twenty seven.18 times in turbulent
market conditions. the difficulty yielded a twenty first come on the date of listing.

At the top of twelvemonth 2016, the Networth cluster was Rs seven billion and its capitalisation was Rs nineteen
billion as of thirty one March 2016.
1.For the year ending March 2016, the corporate denote robust revenue growth of ninety one to Rs.7.7 large
integer compared to Rs.3.68 large integer last year. New firms like investment banking, plus management and fund
activities have contributed to the present growth. The rating agency Crisil has allotted the company's short debt
program the best rating of P1 +.
Asset management
Financial designing for individual, family and business desires. These are going to be created obtainable to
customers via the MOFL Wealth Management Service "Purple".
Broking & Sales
* Equity (cash and derivatives)
* Artefact Broking
* Portfolio management services
* Sales of monetary merchandise
* funding
* Depot services
* Initial offering distribution
MOTILAL offers these services through MOFL offices, business partner locations, and therefore the web and mobile
channels. MOTILAL conjointly has strategic relationships with the depository financial institution of India and IDBI
Bank to supply its customers with MOFL on-line commercialism platforms.
Commodities Brokerage
By MOTILAL OSWAL COMMODITIES BROKER (P) LTD MOFL altogether in hand subsidiary; MOTILAL offers artefact
commercialism facilities and connected merchandise and services on MCX and NCDEX. additionally to accessing the
most effective of analysis within the style of Daily Fundamentals & Technical Reports on high-traded commodities,
MOFL shoppers even have access to MOFL's exclusive custom commercialism recommendation on each
commercialism platforms. MOTILAL offers these services through MOFL offices, business partner locations, and
therefore the web and mobile channels

PORTFOLIO MANAGEMENT SERVICES

MOTILAL OSWAL Portfolio Management Services provide a variety of investment solutions through discretionary
services. At MOTILAL OSWAL, we've got helped produce wealth for MOFL customers through MOFL Portfolio
Management Services. MOFL's information of the markets as well as MOFL understanding of MOFL customers and
their risk profiles has helped MOTILAL develop a variety of portfolio offerings for MOFL customers. These embody
the worth Strategy, Bulls Eye Strategy, Trillion dollar chance Strategy and centered Strategy Series I. As of New
Year's Eve, 2016, the assets beneath management of the assorted MOFL portfolios amounted to Rs.54bn.
The MOTILAL OSWAL cluster has applied to the regulative authorities for a license as Domestic plus Management
Company (Mutual Fund), and MOTILAL is anticipated to start operations presently.
INSTITUTIONAL SHARES: MOTILAL offers equity brokerage services to institutional investors in India and overseas in
each money and Derivatives. These shoppers embody companies, mutual funds, banks, money establishments,
insurance firms and FIIs. As of New Year's Eve, 2016, MOTILAL related with over three hundred institutional
shoppers, together with two hundred FIIs. MOTILAL serves these customers through dedicated sales groups in
numerous time zones.
INVESTMENT BANKING
MOTILAL provides money recommendation on mergers and acquisitions (domestic and cross-border), divestitures,
restructurings and spin-offs through MOTILAL OSWAL Investment Advisors non-public Ltd. (MOIAPL).MOTILAL
conjointly provides capital raising and different investment banking services like public offer management, non-
public placements (including qualified institutional placements), rights problems, share repurchases, open offers /
delistings and syndication of debt and equity.MOIAPL completed twenty three transactions price U.S. $ one.8 billion
in 2015-09 and had eighteen seats as of March thirty one, 2016.
PRIVATE EQUITY
In 2013, MOFL became non-public Equity Advisors non-public Ltd. (MOPEAPL) as investment manager and advisor
to a non-public equity fund, the India Business Excellence Fund, with a target of $ a hundred million. The fund aims
to supply growth capital to little and medium-sized enterprises in India, with investments usually starting from $
three to $ seven million.
MOPEAPL can manage and advise the Fund and different non-public equity funds which will be launched within the
future. In its last closing, in December 2015, the fund received $ one hundred twenty five million ($ four.775 million)
from investors in India and overseas. The fund has committed / committed $ fifty eight million through eight deals.
MOPEAPL has recently launched associate degree Bureau of Intelligence and Research 750 crores domestic land
personal equity fund known as "India real property Excellence Fund", that has been issued by MOTILAL OSWAL
money Services Ltd. sponsored.
MAIN STRATEGY CLUSTER: To effectively manage treasury activities and leverage market opportunities, the cluster
has fashioned a 30-member team answerable for the effective use of funds in varied commercialism and arbitrage
ways.
FOCUS ON ANALYSIS: Research is that the solid foundation upon that MOTILAL OSWAL Securities is predicated.
nearly 100% of sales square measure invested with in equity analysis and MOTILAL rental, and that they showcase
the most effective resources to become advisors. Currently, MOTILAL has twenty three equity analysts researching
over twenty seven sectors.
From a basic, technical and by-product analysis perspective; the analysis reports of MOTILAL OSWAL square
measure wide employed in the media (over one thousand mentions within the last year). The consistent efforts of
MOFL towards top quality stock analysis are mirrored in recent years in a rise in ratings and rankings in varied
classes of the AsiaMoney Brokers Poll
MOFL's distinctive Wealth Creation study written by man. Raamdeo Agrawal, CEO, is currently in its thirteenth year.
This annual study is thirstily hoped-for by investors on the wealth of data regarding the businesses that have
created wealth over the past 5 years.
AWARDS AND AWARDS
MOTILAL OSWAL money Services has received several awards over the past year. A number of them are:
* Rated "Best Overall Country Research" within the survey of AsiaMoney Brokers for "Local Brokerage 2015"
* Supported the full variety of commercialism terminals within the Dun survey, India's high workplace was rated
* Honored as Outstanding goods Broking House-2015 by Globoil Republic of India
* Within the Avaya GlobalConnect client Responsiveness Awards, client satisfaction within the money sector has
been hierarchal second
Strong management team
The organization finds its strength in its team of young, proficient and confident people. Qualified professionals
perform varied functions below the capable leadership of their sponsors, Mr. MOTILAL OSWAL and man. Raamdeo
Agrawal. The proficient MOFL pool of people consists of qualified and practised professionals with a proved
memoir. MOTILAL believes that MOFL's entrepreneurial spirit, robust technical experience, leadership, and market /
client insight insight can give MOTILAL with a competitive edge which will facilitate MOTILAL implement MOFL
business ways.
"MOFSL Code of Conduct" - applies to any or all administrators and senior management
The board and also the management of MOTILAL OSWAL

Financial Services restricted ("the Company") subscribes to the MOFSL Code of

Behavior "adopted by society.
This Code of Conduct applies to any or all administrators and to the senior
Management of the corporate (from the corporate executive level to the associate director level).
IT IS EXPECTED THAT EVERYBODY CONCERNED
(i) Devote adequate time, energy and a focus to the corporate to confirm the diligent exercise of its duties and also
the exercise of its powers with relevancy that authority;
(ii) Act honestly and exercise their powers in honesty and within the best interests of society as a full and fulfill their
obligations to society
Shareholders of the company;
iii) Increase investor worth and accommodates all rules and laws governing investor rights. To tell shareholders of
all relevant aspects of the Company's business and to disclose such data in accordance with applicable rules and
agreements;
(iv) To confirm the confidentiality of data and also the correct use of data for the aim that the data is provided or
received throughout the term of workplace of the Director. All steer can solely be disclosed if it's been approved by
the corporate or the person from whom the data originates or in accordance with the law;
v) Disclose any potential conflicts of interest that they will have with relevancy matters that will arise before the
Board, and discourage discussions and votes on matters wherever the Director has or might have a conflict of
interest;
(vi) Not participating in behavior that would discredit society;
(vii) Guaranteeing the adequacy of systems and controls to safeguard the Company's assets and property and to
confirm its economical use for business purposes;
viii) make sure that the employment of the Company's belongings rights, yet because the "MOFSL" / "MOSL" whole
and emblem, is ruled by the manual / code ready in this name by the corporate and, wherever applicable, in
accordance with the agreements ; entered / entered by the corporate during this name;
ix) Inform the Chairman of the Board of the alleged violations of this Code;

x) don't settle for gifts from persons or firms engaged in doing business with the corporate wherever the gift is
being created, to influence the management / board of administrators as a member of the board / company, or
once acceptive gifts the looks of a conflict of interest;
xi) To substantiate compliance with the Code on associate degree annual basis to the corporate Secretary in kind
"A" annexed to the current Code. The Company's annual report should embrace an announcement from the Chief
military officer of the Company;
xii) additionally to the current Code, you want to accommodates all applicable Company laws, rules, company
policies and codes, together with the "MOTILAL OSWAL money Services Limited" Code of Conduct for trading and
also the company Press Communications Standards.
Welcome to MOFL Career space. At MOTILAL OSWAL, the corporate is increasing quickly. MOTILAL is trying to find
associate degree increasing variety of recent workers altogether MOFL activities, from analysis, sales and promoting
to back workplace activities.
UNIT – III THEORITICAL
FRAME WORK
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Capital market instruments

The capital markets square measure comparatively long (more than one-year maturity)
monetary instruments such. Bonds and shares). it's the biggest supply of long and indefinite
length funds for firms to enhance capital formation within the country. It offers investors
investment opportunities. The capital market instruments square measure the vehicles
between the businesses and also the investors. monetary instruments with short or medium-
term maturities square measure listed on the cash market, whereas monetary instruments with
long maturities square measure listed on the capital market. the various forms of monetary
instruments listed on the capital markets square measure equity instruments, credit market
instruments, insurance instruments, exchange instruments, hybrid instruments and derivatives.
Stock exchange is that the capital and SEBI is that the driver. These instruments square measure
of 2 varieties

 primary market
 secondary market

Part of spinoff instruments, the subsequent is that the main medium of Approaching the capital
markets:

 equity interests
 preference shares
 Bonds / Bonds
 American repository Receipts (ADR)
 Global repository Receipts (GDR)
 Derivatives
 Employee option arrange.
SHARES:
They are conjointly referred to as common stock. The common stockholders of a business
square measure their real homeowners, the homeowners of the business, and assume the final
word risk related to possession. However, their liability is proscribed to the quantity of their
investment just in case of liquidation. These shareholders have a residual claim on the assets of
the corporate once the claims of all creditors and most popular shareholders are settled fully.
common stock like preferred stock, since no maturity date. NSE began mercantilism within the
Equity (Capital Markets) section on Gregorian calendar month three, 1994, changing into India's
largest securities market volume in an exceedingly short 1-year amount. within the equity
section, the typical daily turnover growth was Rs.17 crores over the 1994 amount -95 to
fourteen,148 Corers in financial year 2007/08. In 2007-08, NSE recorded sales of three,551,038
crores within the equity section. The Stocks section provides you Associate in Nursing insight
into the NSE equity section and conjointly provides time period quotes and stock exchange
statistics. elaborated info on the listing of securities, mercantilism systems and processes,
clearing and settlement, risk management, mercantilism statistics, etc. will be found here.

AUTHORIZED, ISSUED AND OUTSTANDING SHARES:

An authorized share is that the most variety. of shares that enables the Company's Articles of
Association (AOA) to issue within the market. However, an organization will amendment its
AOA to extend the quantity. the quantity of shares that the corporate has truly issued is named
issued shares. an organization sometimes likes variety of shares that square measure approved
however not issued. These non-issued choices offer flexibility in granting stock choices,
following merger objectives, and

Share the stock. The outstanding shares relate to the quantity of shares issued and really
control. the corporate might repurchase a part of its issued shares and hold them as stock. gift
price, carrying quantity Associate in Nursing liquidation value: The face value of an equity
element is just a worth recorded within the company charter and of very little economic
significance. However, an organization shouldn't issue common stock at a value under the face
price as a result of any discount from the face price (amount by that the problem value is under
the face value) is taken into account a contingent liability of the entity's own severance
payment to the creditors. within the event of liquidation, the shareholders would be obligated
by law to creditors to receive any discount from nominal value.

EXAMPLE:

suppose that xyz Iraqi National Congress. is prepared to start out the business for the primary
time and oversubscribed ten,000 items of rupees per ton items. Shareholders of the record
would be stock @ ten shares at par: ten thousand shares issued and outstanding RS100000
Total Shareholders’ Equity RS100000. The value per standard share is that the equity - record
total minus liabilities and preferred stock, that square measure listed within the record -
divided by the quantity of outstanding shares. forward that xyz is currently one year recent, RS
500000 has created profits once tax, however pays the dividend. The shareholders' equity is
currently RS 100000+ RS 50000 = 150000 and also the value per share is Rs 1500000/10000 = RS
twenty-five. However, it can even be expected that the {book price value} per share
corresponds to the share value Liquidation value (per share) of the corporate, most frequently
not. typically, the assets square measure oversubscribed for fewer than their price, particularly
once liquidation prices square measure incurred.

MARKET PRICE

The {market value market value value} per share is that the current price at that the stock is
listed. For actively listed shares,

Market price quotations square measure promptly offered. For the numerous in active stocks
that have skinny markets,

Price is tough to return by. though offered, the knowledge will solely mirror the sale of some
common stock and not characterize the market price of the corporate as an entire. The {market
price market price value} of a typical share can typically take issue from its value and its
liquidation value. The market price per common share may be a operate of the present and
future expected dividends of the corporate and also the perceived equity risk on a part of the
investors.

RIGHTS OF COMMON SHARE HOLDERS:

Rights of income:

If the corporate doesn't pay written agreement interest and payment obligations to creditors,
creditors will take proceeding to make sure that the company's payments square measure
properly cleared. In distinction, standard shareholders have a right to an organization that
doesn't distribute profits. on condition that the management, the board of administrators or
each square measure in an exceedingly fraud case will the shareholders bring their case to
court and presumably force the corporate to pay dividends.

VOTE RIGHT:

The ordinary shares of an organization square measure their homeowners and that they square
measure entitled to elect a board of administrators. In giant firms, shareholders sometimes
solely exercise indirect management by the board they opt for. The board successively selects
the management, and also the management truly controls the operation of the corporate. in an
exceedingly sole proprietary, a partnership or a tiny low business, the homeowners sometimes
management the business directly.

PROXIES AND PROXY CONTESTS:

Common shareholders have one vote for every stock they own. As a rule, it's physically and
financially troublesome for many shareholders to attend annual conferences of an organization.
For this reason, several shareholders opt for a proxy, an official document that enables
shareholders to transfer their vote rights to a different person.

VOTE PROCEDURE:

Depending on the company charter, the Board of administrators is electoral either within the
majority electoral system or within the accumulative election system. below the bulk rule
system, stockholders have one for every stock they own and that they should vote for every
open director position. in an exceedingly accumulative voting system, a shareowner will collect
votes for fewer than the overall variety of electoral administrators. the overall variety of votes
of every stockholder equals the quantity of Shares the stockholder shares with the quantity of
Shareholders Selected.

AUSGABEMECHISMUS:

The success of a subject depends partially on the emission mechanism.

The ways with that new issues square measure created
1. Public issue by prospectus.

2. provide available.

3. Place.

4. Rights downside.

1. PUBLIC ISSUE BY PROSPECTUS:

Under this technique, the provision firms themselves provide to the general public a set variety
of shares at a set value, that is usually the face price of the securities in new firms, and existing
firms might have one thing underwriting to make sure that they're dissatisfactory public
answers arise. Transparency and broad distributions of shares square measure their blessings
and blessings. the idea of the general public provision technique may be a prospectus, the
minimum content of that is prescribed by the businesses Act of 1956. It conjointly contains a
civil and criminal liability for any falsity within the prospectus. Further revealing needs also are
prescribed by the SEBI.

 The content of the prospectus includes:

 Name and site of the provision company.
 Existing and projected activities.
 Board of administrators.
 Location of the trade.
 Authorized, signed and projected issue of capital to the general public.
 Date of gap and shutting the subscription list.
 Names of brokers, underwriters et al., of that applications along with copies of
  Leaflet will be obtained.
 Minimum subscription
 the name of the insurance firm, if any, along with a press release that, withinthe
opinion of the administrators,
 The underwriter's resources square measure comfortable to meet theunderwriting
obligation.
 A statement that the corporate can create a securities market for the permission
 Deal or for a quote from him and then on.

PROVIDE FOR SALE:

Brokers to their own customers of securities that were antecedent purchased or Under this
technique securities square measure noninheritable by the provision homes, as within the
provide available Method, however rather than being offered to the general public, they're at
the client of the provision homes, each individual and institutional investor. Every edition house
has one ready for you Subscribe for securities issued during this method.

DIFFERENCE OF THE FINAL WORD INVESTORS.

This technique doesn't need formal underwriting of the problem as a placement on

underwriting, because the homes conform to place the matter with their shoppers.

An advantage of inserting as a way of provision new securities is its relative cheapness. There
square measure prices Reduction because of subscription fees, prices of applications, allocation
of Shares and also the securities market needs in relevance the contents of the prospectus and
its ADVERTISING.

This technique is sometimes adopted by little businesses with scarce monetary resources
PERFORMANCES.

Its weakness results from the distribution of securities. because the securities square measure
Offered solely to a pick cluster of investors, this will result in the concentration of stocks to
many Hands that may produce scripts of scripts in times of agitated dealings with such stocks
within the arts Market.

3RD RIGHT PROBLEM:

Only the prevailing firms will use this technique. Within the case of firms whose shares Already
listed and wide used, shares will be offered to existing shareholders. This is Called a true
downside. By this technique the prevailing shareholders. The proper to subscribe is obtainable.
To new shares in proportion to the quantity of shares they already hold. This can be done by
Circular solely to existing shareholders.

In India, Section eighty one of the businesses Act of 1956 provides that if an organization will
increase its signed capital by provision new shares, either once 2 years of incorporation or once
one year of the primary issue of shares, whichever is earlier With this demand For the primary
time, a special resolution was submitted to the prevailing shareholders within the same
method. the most advantage of legal problems is that it's a value effective technique.

WELD EQUITY SHARES:

Under Section 9A of the businesses Act, 1956, an organization might issue to its staff or
administrators, with or inconsiderately, for the supply of ability, rights within the kind of
belongings rights or capital gains, etc., to get rid of wasted shares.

TYPES OF PREFERENCE SHARES:

1. ACCUMULATIVE AND NON-CUMULATIVE PREFERENCE SHARES:

The accumulative preference provides the proper to demand the unpaid dividends of 1 year,
whereas the next ears once the profits and rich. All most popular dividends should be paid
before dividends will be paid resolute shareholders. The non-cumulative preference share has
the proper to a set dividend from the profits for every year. If profits square measure
unprocurable in one year, the homeowners won't receive something, nor can they be able to
claim unpaid dividends within the following years.

2. ACCUMULATIVE CONVERTIBLE PREFERENCE SHARES:

The accumulative bond (CCP) is Associate in Nursing instrument that has} features of each
stocks and shares and preference shares, however is primarily preference shares. Since the
capital of the CCP Shares represents a category of shares aside from pure equity and pure most
popular capital, the rights of the holders of the instruments should be declared either in an
exceedingly general resolution or within the Articles or within the terms and conditions of issue
within the provide documents, namely , leaflet / provide letter.

3. TAKING PART AND NON-PARTICIPATING PREFERENCE SHARES:

Preference shares square measure those shares to that a set quantity is entitled. Preferred
dividend and. additionally, you've got the proper to participate within the surplus profits with
stockholders once the dividend has been distributed to shareholders at a definite rate. Again,
within the case of liquidation, if once compensation each the popular and also the capital
shareholders. If there's still a surplus, the taking part preference shareholders can receive
further shares. The surplus assets of the corporate. Unless expressly provided, preference
shareholders can receive solely the Fixed preference dividend and interest on liquidation from
complete values of Assets once the fulfilment of all external liabilities and zip a lot of. The rights
to participate will be given Either within the memoranda or within the articles or below the
terms of issue.

4. REDEEMABLE AND NON-REDEEMABLE PREFERRED SHARES:

Subjects become associate authority within the statutes, a public restricted. The Company
might issue redeemable preferred shares either at a hard and fast date or once a mere date
Certain amount throughout the lifetime of the corporate. the businesses act, 1956 forbids the
issue of a preference share which might not be saved or saved once the expiration of an
amount of five days Twenty years once the date issue. Power to issue redeemable preference
shares:

Section eighty of the businesses Act 1956 permits a corporation to issue.

 UNIT – IV DATA
ANALYSIS AND
INTERPRETATION
COMPANY: TVS MOTOR COMPANY LTD. 532343
PERIOD: 14-DEC-2019 TO 18-JAN-2020
All Prices in

DATE OPEN HIGH LOW CLOSE WAP NO. OF NO. OF TOTAL

SHARES TRADES TURNOVER

14/12/19 272.00 278.75 271.00 275.05 276.07 1,24,151 3,028 3,42,73,815

15/12/19 277.60 286.00 273.95 285.05 281.03 4,00,078 4,801 11,24,33,018
16/12/19 287.00 287.00 280.70 281.75 283.41 1,34,034 3,009 3,79,86,209
17/12/19 283.60 288.80 281.00 287.30 286.01 1,32,611 3,564 3,79,27,524
18/12/19 285.45 287.65 284.35 286.10 286.04 81,378 1,681 2,32,77,299
21/12/19 287.00 291.40 287.00 289.05 289.50 86,797 2,055 2,51,27,694
22/12/19 289.05 291.90 287.25 288.05 289.59 1,01,620 1,590 2,94,28,345
23/12/19 289.75 293.50 288.85 290.10 290.96 66,091 1,306 1,92,29,847
24/12/19 291.50 291.70 284.20 285.00 286.73 74,765 1,589 2,14,37,612
28/12/19 284.20 288.00 283.00 285.50 284.94 4,14,399 2,399 11,80,78,564
29/12/19 286.90 295.95 285.95 293.30 291.34 1,46,229 3,637 4,26,01,948
30/12/19 293.90 294.45 289.60 290.20 292.01 88,432 1,947 2,58,22,951
31/12/19 290.90 292.85 288.35 289.65 290.87 60,694 1,393 1,76,53,890
1/01/2020 289.10 292.15 285.60 287.10 288.54 98,630 1,779 2,84,58,905
4/01/2020 288.25 290.85 283.90 286.45 287.53 1,47,002 2,539 4,22,67,799
5/01/2020 286.50 289.15 282.45 286.95 285.60 1,11,747 1,773 3,19,14,446
6/01/2020 289.50 294.00 284.90 286.55 290.06 6,58,899 2,620 19,11,17,980
7/01/2020 284.80 284.80 275.20 277.60 278.12 85,090 2,521 2,36,64,944
8/01/2020 277.95 287.15 277.95 284.60 282.56 98,716 2,395 2,78,93,215
11/01/2020 283.00 289.15 278.90 285.85 285.69 1,15,444 2,235 3,29,80,847
12/01/2020 286.00 292.50 285.00 289.70 289.02 1,64,889 3,272 4,76,56,174
13/01/2020 293.45 294.30 273.35 288.10 286.21 5,07,031 3,576 14,51,19,563
14/01/2020 281.60 284.40 276.40 281.40 280.82 1,09,493 1,963 3,07,47,700
15/01/2020 283.85 285.55 273.55 277.65 280.96 1,15,588 2,162 3,24,75,389
18/01/2020 273.50 280.00 263.10 274.00 271.76 1,98,015 2,928 5,38,12,993
EARNING PER SHARE: EPS, is an important number for shareholders and potential investors
because it tells them how much income is generated for each share of stock.

(NET INCOME)−(PREFERRED DIVIDEND)

𝐸𝑃𝑆 =
WEIGHTED AVERAGE SHARES OUTSTANDING

𝐌𝐚𝐫𝐤𝐞𝐭 𝐯𝐚𝐥𝐮𝐞 𝐩𝐞𝐫 𝐬𝐡𝐚𝐫𝐞

P/E RATIO : =
𝐄𝐚𝐫𝐧𝐢𝐧𝐠 𝐩𝐞𝐫 𝐬𝐡𝐚𝐫𝐞
𝐌𝐚𝐫𝐤𝐞𝐭 𝐩𝐫𝐢𝐜𝐞 𝐩𝐞𝐫 𝐩𝐫𝐢𝐜𝐞
PRICE TO BOOK RATIO : =
𝐁𝐨𝐨𝐤 𝐯𝐚𝐥𝐮𝐞 𝐩𝐞𝐫 𝐬𝐚𝐡𝐫𝐞

𝐓𝐨𝐭𝐚𝐥 𝐝𝐞𝐛𝐭 ( 𝐬𝐡𝐩𝐫𝐭 𝐭𝐞𝐫𝐦+𝐥𝐨𝐧𝐠 𝐭𝐞𝐫𝐦)

DEBT EQUITY RATIO : =
𝐒𝐡𝐚𝐫𝐞 𝐡𝐨𝐥𝐝𝐞𝐫𝐬′ 𝐞𝐪𝐮𝐢𝐭𝐲

Ratios 1st Quarterly 2nd Quarterly

Earning per share 35 38

Price earning ratio 28 26

Price to book ratio 3.0 3.1

Debt equity ratio 0.9 1.1

 COMPARISON
5
4.5
4
3.5
3
2.5
2
1.5
1
0.5
0
EPS P/E P/B Debt Equity

1st Quarterly 2nd Quarterly

WEIGHTED AVERAEGE PER SHARE:

Knowing the weighted average price, you paid for each share of stock can help
you determine how your investment is performing as a whole, which is relative to the current
share price.

(Firstprice ∗shares)+(second price∗ shares)

WAP =
Total number of shares

INTERPRETATION:
The open worth has up from 272.00 to 275.05. Then compare with higher worth of EPS
280.96. Then comes the cheaper worth of 273.50 to 274.00. Altogether the conclusion 281,
fifty-seven is raised.

Then the number incoming on constant days or days are visiting be hyperbolic. as a results of
whole this session TVS MOTOR COMPANY LTD. EPS worth is hyperbolic, d. H. % of three.47%.
COMPANY: TATA COMMUNICATIONS LTD. 500483

PERIOD: 14-DEC-2019 TO 18-JAN-2020

All Prices in

DATE OPEN HIGH LOW CLOSE WAP NO. OF NO. OF TOTAL

SHARES TRADES TURNOVER

14/12/19 395.20 410.00 395.20 403.75 400.76 45,486 1,476 1,82,29,103

15/12/19 404.00 407.45 400.25 406.10 403.68 26,554 861 1,07,19,403
16/12/19 407.30 412.50 406.10 409.25 409.37 63,412 1,339 2,59,58,978
17/12/19 410.95 419.95 408.20 418.65 414.28 52,885 1,677 2,19,09,207
18/12/19 418.00 423.00 413.55 416.65 418.62 45,656 1,309 1,91,12,494
21/12/19 412.00 424.50 412.00 421.35 420.58 31,563 1,097 1,32,74,775
22/12/19 418.80 424.45 417.00 420.70 421.19 21,192 512 89,25,822
23/12/19 424.00 428.50 422.95 426.90 426.01 22,525 671 95,95,919
24/12/19 429.75 436.95 426.65 435.45 431.99 21,401 806 92,44,946
28/12/19 434.00 441.00 431.75 434.50 435.90 18,869 718 82,24,969
29/12/19 435.60 436.90 430.20 433.55 433.56 19,067 835 82,66,617
30/12/19 433.00 437.40 432.50 435.20 435.15 14,542 603 63,27,905
31/12/19 442.80 442.80 427.40 434.55 433.12 25,212 1,191 1,09,19,936
1/01/2020 432.90 438.15 432.90 435.05 433.83 1,31,839 730 5,71,95,181
4/01/2020 434.00 448.20 425.40 429.75 440.57 2,47,866 2,041 10,92,02,767
5/01/2020 431.40 442.00 429.00 438.80 434.90 26,653 1,101 1,15,91,284
6/01/2020 444.40 462.75 439.05 441.50 451.99 1,52,325 4,747 6,88,48,825
7/01/2020 435.00 436.00 423.00 426.25 428.38 54,958 1,671 2,35,43,089
8/01/2020 426.45 444.00 423.00 436.15 434.21 37,145 1,578 1,61,28,752
11/01/2020 429.65 440.45 429.65 433.05 435.13 21,549 797 93,76,613
12/01/2020 435.95 436.75 424.00 432.30 430.50 19,830 988 85,36,852
13/01/2020 434.95 439.00 409.00 433.80 425.62 93,660 2,733 3,98,63,319
14/01/2020 426.00 437.00 421.00 431.80 431.76 28,351 1,069 1,22,40,888
15/01/2020 430.50 439.00 411.45 414.50 428.24 44,250 1,430 1,89,49,758
18/01/2020 413.00 413.90 396.25 400.35 403.92 32,838 1,385 1,32,63,840
EARNING PER SHARE: EPS, is an important number for shareholders and potential investors
because it tells them how much income is generated for each share of stock.
(NET INCOME)−(PREFERRED DIVIDEND) WEIGHTED
𝐸𝑃𝑆 =
AVERAGE SHARES OUTSTANDING

𝐌𝐚𝐫𝐤𝐞𝐭 𝐯𝐚𝐥𝐮𝐞 𝐩𝐞𝐫 𝐬𝐡𝐚𝐫𝐞

P/E RATIO : =
𝐄𝐚𝐫𝐧𝐢𝐧𝐠 𝐩𝐞𝐫 𝐬𝐡𝐚𝐫𝐞

𝐌𝐚𝐫𝐤𝐞𝐭 𝐩𝐫𝐢𝐜𝐞 𝐩𝐞𝐫 𝐩𝐫𝐢𝐜𝐞

PRICE TO BOOK RATIO : =
𝐁𝐨𝐨𝐤 𝐯𝐚𝐥𝐮𝐞 𝐩𝐞𝐫 𝐬𝐚𝐡𝐫𝐞

𝐓𝐨𝐭𝐚𝐥 𝐝𝐞𝐛𝐭 ( 𝐬𝐡𝐩𝐫𝐭 𝐭𝐞𝐫𝐦+𝐥𝐨𝐧𝐠 𝐭𝐞𝐫𝐦)

DEBT EQUITY RATIO : =
𝐒𝐡𝐚𝐫𝐞 𝐡𝐨𝐥𝐝𝐞𝐫𝐬′ 𝐞𝐪𝐮𝐢𝐭𝐲

Ratios 1st Quarterly 2nd Quarterly

Earning per share 34 35

Price earning ratio 27 25

Price to book ratio 2.9 3.0

Debt equity ratio 1.0 1.2

 COMPARISON
4.5
4
3.5
3
2.5
2
1.5
1
0.5
0
EPS P/E P/B Debt Equity

1st Quarterly 2nd Quarterly

WEIGHTED AVERAEGE PER SHARE:

Knowing the weighted average price, you paid for each share of stock can help
you determine how your investment is performing as a whole, which is relative to the current
share price.

(Firstprice ∗shares)+(second price∗ shares)

WAP =
Total number of shares

INTERPRETATION: The open worth has up from 395.20 to 403.75. Then compare with
higher worth of EPS 431.76. Then the worth comes from 413.00 to 400.35. Overall, the
conclusion 426.68 is accumulated.

Then the quantity incoming on constant days or days are accumulated. as a result of entirely
this session TATA COMMUNICATIONS LTD. The EPS worth is accumulated, i.e. the proportion of
three.54%.
COMPANY: BHARATHI AIRTEL LIMITED. 500212

PERIOD: 14-DEC-2019 TO 18-JAN-2020

All Prices

DATE OPEN HIGH LOW CLOSE WAP NO. OF NO. OF TOTAL

SHARES TRADES TURNOVER

14/12/19 385.20 413.00 395.20 403.75 400.76 45,486 1,476 1,82,29,103

15/12/19 424.00 437.45 400.25 406.10 403.68 26,554 861 1,07,19,403
16/12/19 417.30 422.50 406.10 409.25 409.37 63,412 1,339 2,59,58,978
17/12/19 420.95 429.95 408.20 418.65 414.28 52,885 1,677 2,19,09,207
18/12/19 428.00 429.00 413.55 416.65 418.62 45,656 1,309 1,91,12,494
21/12/19 432.00 444.50 412.00 421.35 420.58 31,563 1,097 1,32,74,775
22/12/19 428.80 434.45 417.00 420.70 421.19 21,192 512 89,25,822
23/12/19 424.00 428.50 422.95 426.90 426.01 22,525 671 95,95,919
24/12/19 439.75 446.95 426.65 435.45 431.99 21,401 806 92,44,946
28/12/19 434.00 441.00 431.75 434.50 435.90 18,869 718 82,24,969
29/12/19 435.60 436.90 430.20 433.55 433.56 19,067 835 82,66,617
30/12/19 433.00 437.40 432.50 435.20 435.15 14,542 603 63,27,905
31/12/19 442.80 442.80 427.40 434.55 433.12 25,212 1,191 1,09,19,936
1/01/2020 432.90 438.15 432.90 435.05 433.83 1,31,839 730 5,71,95,181
4/01/2020 434.00 448.20 425.40 429.75 440.57 2,47,866 2,041 10,92,02,767
5/01/2020 431.40 442.00 429.00 438.80 434.90 26,653 1,101 1,15,91,284
6/01/2020 444.40 462.75 439.05 441.50 451.99 1,52,325 4,747 6,88,48,825
7/01/2020 435.00 436.00 423.00 426.25 428.38 54,958 1,671 2,35,43,089
8/01/2020 426.45 444.00 423.00 436.15 434.21 37,145 1,578 1,61,28,752
11/01/2020 429.65 440.45 429.65 433.05 435.13 21,549 797 93,76,613
12/01/2020 435.95 436.75 424.00 432.30 430.50 19,830 988 85,36,852
13/01/2020 434.95 439.00 409.00 433.80 425.62 93,660 2,733 3,98,63,319
14/01/2020 426.00 437.00 421.00 431.80 431.76 28,351 1,069 1,22,40,888
15/01/2020 430.50 439.00 411.45 414.50 428.24 44,250 1,430 1,89,49,758
18/01/2020 413.00 413.90 396.25 400.35 403.92 32,838 1,385 1,32,63,840
EARNING PER SHARE: EPS, is an important number for shareholders and potential investors
because it tells them how much income is generated for each share of stock.
(NET INCOME)−(PREFERRED DIVIDEND) WEIGHTED
𝐸𝑃𝑆 =
AVERAGE SHARES OUTSTANDING

𝐌𝐚𝐫𝐤𝐞𝐭 𝐯𝐚𝐥𝐮𝐞 𝐩𝐞𝐫 𝐬𝐡𝐚𝐫𝐞

P/E RATIO : =
𝐄𝐚𝐫𝐧𝐢𝐧𝐠 𝐩𝐞𝐫 𝐬𝐡𝐚𝐫𝐞

𝐌𝐚𝐫𝐤𝐞𝐭 𝐩𝐫𝐢𝐜𝐞 𝐩𝐞𝐫 𝐩𝐫𝐢𝐜𝐞

PRICE TO BOOK RATIO : =
𝐁𝐨𝐨𝐤 𝐯𝐚𝐥𝐮𝐞 𝐩𝐞𝐫 𝐬𝐚𝐡𝐫𝐞

𝐓𝐨𝐭𝐚𝐥 𝐝𝐞𝐛𝐭 ( 𝐬𝐡𝐩𝐫𝐭 𝐭𝐞𝐫𝐦+𝐥𝐨𝐧𝐠 𝐭𝐞𝐫𝐦)

DEBT EQUITY RATIO : =
𝐒𝐡𝐚𝐫𝐞 𝐡𝐨𝐥𝐝𝐞𝐫𝐬′ 𝐞𝐪𝐮𝐢𝐭𝐲

Ratios 1st Quarterly 2nd Quarterly

Earning per share 37 39

Price earning ratio 28 227

Price to book ratio 3.0 3.1

Debt equity ratio 1.0 1.2

 COMPARISON
4.5
4
3.5
3
2.5
2
1.5
1
0.5
0
EPS P/E P/B Debt Equity

1st Quarterly 2nd Quarterly

WEIGHTED AVERAEGE PER SHARE:

Knowing the weighted average price, you paid for each share of stock can help
you determine how your investment is performing as a whole, which is relative to the current
share price.

(Firstprice ∗shares)+(second price∗ shares)

WAP =
Total number of shares

INTERPRETATION: The open worth has up from 395.20 to 403.75. Then compare with
higher worth of EPS 431.76. Then the worth comes from 413.00 to 400.35. Overall, the
conclusion 426.68 is accumulated.

Then the quantity incoming on constant days or days are accumulated. as a result of entirely
this session BHARATHI AIRTEL. The EPS worth is accumulated, i.e. the proportion of three.54%
COMPANY : WIPRO LTD. 500319
PERIOD: 14-DEC-2019 TO 18-JAN-2020
All Prices

DATE OPEN HIGH LOW CLOSE WAP NO. OF NO. OF TOTAL

SHARES TRADES TURNOVER
14/12/19 1,205.00 1,373.30 1,049.00 1,069.50 1,065.56 1,52,225 8,336 16,22,04,302
15/12/19 1,275.00 1,479.80 1,058.15 1,076.90 1,071.09 1,22,227 5,840 13,09,16,328
16/12/19 1,280.00 1,397.80 1,080.00 1,095.40 1,091.90 1,14,102 4,246 12,45,87,960
17/12/19 1,300.00 1,410.00 1,088.00 1,106.95 1,098.90 2,39,233 7,472 26,28,93,851
18/12/19 1,398.00 1,402.95 1,080.10 1,085.95 1,091.41 1,81,304 7,650 19,78,77,890
21/12/19 1,075.00 1,104.75 1,070.90 1,102.00 1,092.88 1,13,148 6,499 12,36,56,657
22/12/19 1,100.00 1,100.00 1,080.50 1,083.60 1,086.85 1,01,654 4,842 11,04,82,309
23/12/19 1,088.00 1,100.00 1,087.00 1,098.00 1,095.46 84,969 4,308 9,30,80,452
24/12/19 1,100.00 1,103.40 1,090.40 1,095.85 1,095.37 44,727 3,099 4,89,92,785
28/12/19 1,092.70 1,107.60 1,090.00 1,101.65 1,103.12 79,575 4,689 8,77,81,078
29/12/19 1,101.10 1,109.65 1,097.50 1,103.75 1,104.28 56,203 4,066 6,20,63,763
30/12/19 1,100.00 1,106.35 1,083.50 1,086.05 1,091.40 91,402 4,251 9,97,55,934
31/12/19 1,088.00 1,109.00 1,088.00 1,104.55 1,098.10 80,683 4,749 8,85,97,654
1/01/2020 1,100.00 1,108.90 1,094.30 1,103.15 1,102.54 54,123 3,595 5,96,72,804
4/01/2020 1,103.15 1,103.15 1,077.50 1,080.60 1,087.91 86,761 5,826 9,43,88,252
5/01/2020 1,083.00 1,088.00 1,063.00 1,074.80 1,073.71 1,18,328 6,022 12,70,50,002
6/01/2020 1,073.00 1,074.50 1,059.10 1,069.45 1,066.85 1,08,090 5,874 11,53,15,752
7/01/2020 1,060.00 1,067.95 1,048.30 1,051.25 1,057.66 96,322 6,195 10,18,75,457
8/01/2020 1,056.00 1,068.50 1,055.90 1,062.65 1,061.36 84,418 5,808 8,95,98,234
11/01/2020 1,060.00 1,069.45 1,052.50 1,057.10 1,057.53 2,57,718 6,613 27,25,44,328
12/01/2020 1,059.00 1,061.50 1,031.85 1,050.05 1,046.01 1,39,898 7,383 14,63,35,184
13/01/2020 1,050.00 1,090.00 1,047.60 1,082.35 1,073.40 2,46,428 8,900 26,45,16,358
14/01/2020 1,068.00 1,155.00 1,054.95 1,128.70 1,129.61 17,41,690 63,179 1,96,74,25,719
15/01/2020 1,145.00 1,163.45 1,136.55 1,140.20 1,147.73 2,45,741 13,004 28,20,44,385
18/01/2020 1,138.00 1,161.45 1,128.00 1,131.95 1,145.26 1,82,391 9,803 20,88,85,133
EARNING PER SHARE: EPS, is an important number for shareholders and potential investors
because it tells them how much income is generated for each share of stock.

(NET INCOME)−(PREFERRED DIVIDEND) WEIGHTED

𝐸𝑃𝑆 =
AVERAGE SHARES OUTSTANDING

Market value per share

P/E RATIO : =
Earning per share

Market price per price

PRICE TO BOOK RATIO : =
Book value per sahre

Total debt ( shprt term+long term)

DEBT EQUITY RATIO : =
Share holders′ equity

Ratios 1st Quarterly 2nd Quarterly

Earning per share 34 36

Price earning ratio 27 26

Price to book ratio 3.1 2.7

Debt equity ratio 0.5 0.9

 COMPARISON
4.5
4
3.5
3
2.5
2
1.5
1
0.5
0
EPS P/E P/B Debt Equity

1st Quarterly 2nd Quarterly

WEIGHTED AVERAEGE PER SHARE:

Knowing the weighted average price, you paid for each share of stock can help
you determine how your investment is performing as a whole, which is relative to the current
share price.

(FIRST PRICE ∗ SHARES) + (SECOND PRICE ∗ SHARES)

WAP =
TOTAL NUMBER OF SHARES

INTERPRETATION:

The open worth rose from 236.00 to 236.50, compared to the next worth of 188.81. Then at
lower costs from 185.00 to 186.10. Overall, the conclusion is 235.59 raised.

Coming up to the amount on a similar days or days is accumulated. As a result of during this
session the worth of depository financial institution OF Asian country is raised, i.e. H. A share
of vi.6
COMPANY: STATE BANK OF INDIA. 500112

PERIOD: 14-DEC-2019 TO 18-JAN-2020

All Prices in
DATE OPEN HIGH LOW CLOSE WAP NO. OF NO. OF TOTAL
SHARES TRADES TURNOVER

14/12/19 226.00 227.90 224.30 226.50 226.36 12,15,935 13,588 27,52,44,063

15/12/19 226.95 227.70 224.00 226.10 225.48 11,33,088 12,049 25,54,86,453
16/12/19 227.30 229.65 225.55 227.30 227.79 11,84,222 12,287 26,97,54,648
17/12/19 230.00 232.50 228.70 231.00 230.76 10,46,507 11,653 24,14,88,810
18/12/19 230.50 232.40 226.00 226.65 229.72 16,07,912 18,883 36,93,72,136
21/12/19 226.75 230.95 226.65 230.35 229.32 9,98,240 9,610 22,89,11,874
22/12/19 232.10 232.30 227.55 228.30 230.22 11,33,514 10,453 26,09,54,076
23/12/19 229.80 231.20 229.30 229.90 230.17 8,18,385 7,688 18,83,71,236
24/12/19 230.50 231.15 227.90 228.65 228.86 6,10,364 7,370 13,96,88,859
28/12/19 228.65 230.05 228.00 228.85 229.20 7,14,172 6,885 16,36,88,163
29/12/19 229.85 229.90 227.70 228.50 228.93 4,99,826 5,570 11,44,24,059
30/12/19 229.25 229.55 224.85 225.80 227.16 13,52,460 11,304 30,72,27,740
31/12/19 226.10 226.60 224.00 224.40 224.97 11,77,836 11,015 26,49,76,736
1/01/2020 225.00 228.90 224.50 227.65 226.85 11,16,988 8,587 25,33,87,898
4/01/2020 227.40 227.40 220.50 220.95 222.77 17,12,144 17,606 38,14,11,336
5/01/2020 222.20 223.00 217.75 218.25 219.76 19,67,198 24,503 43,23,09,050
6/01/2020 218.25 219.90 216.30 217.00 218.01 14,95,570 13,802 32,60,43,077
7/01/2020 215.00 215.00 209.00 209.55 210.89 23,10,928 21,868 48,73,51,594
8/01/2020 211.45 212.55 208.50 208.95 210.12 14,98,892 15,400 31,49,43,831
11/01/2020 207.00 207.60 202.65 204.30 204.69 22,15,131 19,032 45,34,12,058
12/01/2020 205.00 205.50 199.10 199.85 201.46 22,94,892 24,073 46,23,19,616
13/01/2020 201.00 202.35 194.10 200.95 198.81 28,39,483 23,714 56,45,13,999
14/01/2020 197.45 201.40 194.45 195.80 197.43 21,00,876 22,877 41,47,74,316
15/01/2020 197.50 198.00 181.15 184.75 190.10 32,89,601 36,005 62,53,56,137
18/01/2020 185.00 187.50 179.30 181.10 183.48 39,87,880 34,244 73,16,99,357
EARNING PER SHARE: EPS, is an important number for shareholders and potential investors
because it tells them how much income is generated for each share of stock.

(NET INCOME)−(PREFERRED DIVIDEND) WEIGHTED

𝐸𝑃𝑆 =
AVERAGE SHARES OUTSTANDING

Market value per share

P/E RATIO : =
Earning per share

Market price per price

PRICE TO BOOK RATIO : =
Book value per sahre

Total debt ( shprt term+long term)

DEBT EQUITY RATIO : =
Share holders′ equity

Ratios 1st Quarterly 2nd Quarterly

Earning per share 33 36

Price earning ratio 25 26

Price to book ratio 3.0 2.7

Debt equity ratio 0.5 0.9

 COMPARISON
4.5
4
3.5
3
2.5
2
1.5
1
0.5
0
EPS P/E P/B Debt Equity

1st Quarterly 2nd Quarterly

WEIGHTED AVERAEGE PER SHARE:

Knowing the weighted average price, you paid for each share of stock can help
you determine how your investment is performing as a whole, which is relative to the current
share price.

(FIRST PRICE ∗ SHARES) + (SECOND PRICE ∗ SHARES)

WAP =
TOTAL NUMBER OF SHARES

INTERPRETATION:

The open worth rose from 226.00 to 226.50, compared to the next worth of 198.81. Then at
lower costs from 185.00 to 181.10. Overall, the conclusion is 225.59 raised.

Coming up to the amount on a similar days or days is accumulated. As a result of during this
session the worth of depository financial institution OF Asian country is raised, i.e. H. A share
of vi.69%
COMPANY : INFOSYS LTD. 500209
PERIOD: 14-DEC-2019 TO 18-JAN-2020
All Prices in

DATE OPEN HIGH LOW CLOSE WAP NO. OF NO. OF TOTAL

SHARES TRADES TURNOVER
14/12/19 1,050.00 1,073.30 1,049.00 1,069.50 1,065.56 1,52,225 7,336 16,22,04,302
15/12/19 1,075.00 1,079.80 1,058.15 1,076.90 1,071.09 1,22,227 4,840 13,09,16,328
16/12/19 1,080.00 1,097.80 1,080.00 1,095.40 1,091.90 1,14,102 5,246 12,45,87,960
17/12/19 1,100.00 1,110.00 1,088.00 1,106.95 1,098.90 2,39,233 6,472 26,28,93,851
18/12/19 1,098.00 1,102.95 1,080.10 1,085.95 1,091.41 1,81,304 6,650 19,78,77,890
21/12/19 1,075.00 1,104.75 1,070.90 1,102.00 1,092.88 1,13,148 5,499 12,36,56,657
22/12/19 1,100.00 1,100.00 1,080.50 1,083.60 1,086.85 1,01,654 3,842 11,04,82,309
23/12/19 1,088.00 1,100.00 1,087.00 1,098.00 1,095.46 84,969 3,308 9,30,80,452
24/12/19 1,100.00 1,103.40 1,090.40 1,095.85 1,095.37 44,727 2,099 4,89,92,785
28/12/19 1,092.70 1,107.60 1,090.00 1,101.65 1,103.12 79,575 3,689 8,77,81,078
29/12/19 1,101.10 1,109.65 1,097.50 1,103.75 1,104.28 56,203 3,066 6,20,63,763
30/12/19 1,100.00 1,106.35 1,083.50 1,086.05 1,091.40 91,402 3,251 9,97,55,934
31/12/19 1,088.00 1,109.00 1,088.00 1,104.55 1,098.10 80,683 3,749 8,85,97,654
1/01/2020 1,100.00 1,108.90 1,094.30 1,103.15 1,102.54 54,123 2,595 5,96,72,804
4/01/2020 1,103.15 1,103.15 1,077.50 1,080.60 1,087.91 86,761 4,826 9,43,88,252
5/01/2020 1,083.00 1,088.00 1,063.00 1,074.80 1,073.71 1,18,328 5,022 12,70,50,002
6/01/2020 1,073.00 1,074.50 1,059.10 1,069.45 1,066.85 1,08,090 4,874 11,53,15,752
7/01/2020 1,060.00 1,067.95 1,048.30 1,051.25 1,057.66 96,322 5,195 10,18,75,457
8/01/2020 1,056.00 1,068.50 1,055.90 1,062.65 1,061.36 84,418 4,808 8,95,98,234
11/01/2020 1,060.00 1,069.45 1,052.50 1,057.10 1,057.53 2,57,718 5,613 27,25,44,328
12/01/2020 1,059.00 1,061.50 1,031.85 1,050.05 1,046.01 1,39,898 6,383 14,63,35,184
13/01/2020 1,050.00 1,090.00 1,047.60 1,082.35 1,073.40 2,46,428 9,900 26,45,16,358
14/01/2020 1,068.00 1,155.00 1,054.95 1,128.70 1,129.61 17,41,690 53,179 1,96,74,25,719
15/01/2020 1,145.00 1,163.45 1,136.55 1,140.20 1,147.73 2,45,741 12,004 28,20,44,385
18/01/2020 1,138.00 1,161.45 1,128.00 1,131.95 1,145.26 1,82,391 8,803 20,88,85,133
EARNING PER SHARE: EPS, is an important number for shareholders and potential investors
because it tells them how much income is generated for each share of stock.
(NET INCOME)−(PREFERRED DIVIDEND) WEIGHTED
𝐸𝑃𝑆 =
AVERAGE SHARES OUTSTANDING

Market value per share

P/E RATIO : =
Earning per share

Market price per price

PRICE TO BOOK RATIO : =
Book value per sahre

Total debt ( shprt term+long term)

DEBT EQUITY RATIO : =
Share holders′ equity

Ratios 1st Quarterly 2nd Quarterly

Earning per share 34 35

Price earning ratio 27 25

Price to book ratio 2.9 3.0

Debt equity ratio 1.0 1.2

 COMPARISON
4.5

3.5

2.5

1.5

0.5

0
EPS P/E P/B Debt Equity

1st Quarterly 2nd Quarterly

WEIGHTED AVERAEGE PER SHARE:

Knowing the weighted average price, you paid for each share of stock can help
you determine how your investment is performing as a whole, which is relative to the current
share price.

(Firstprice ∗shares)+(second price∗ shares)

WAP =
Total number of shares

INTERPRETATION :
Increased to the open price of 1050.00 to 1069.50, compared with the upper price of EPS
1145.26. Then the value comes from 1138.00 to 1131.95. Overall, the conclusion is 1154.68.

Coming up to the amount on a similar days or days is multiplied. as a result of INFOSIS LTD
reached five.69% on this session.
 UNIT - V
FINDINGS
SUGGESTIONS
CONCLUSION
 FINDINGS

 •The volume is inflated on identical day or days. As a result of INFOSIS LTD reached
5.69% on this session.
 • The quantity is inflated on identical day or days. as a result of during this session the
worth of depository financial institution OF Asian country is raised, i.e. H. A share of
5.69%.
 • The quantity is inflated on identical day or days, as a result of entirely this session TATA
COMMUNICATIONS LTD. The EPS worth is inflated, i.e. the share of 3.54%.
 • The quantity is inflated on identical day or days, as a result of entirely this session TVS
MOTOR COMPANY LTD. EPS worth is inflated, d. H. p.c of 3.47%.
 SUGGESTIONS
• I like to recommend that exchange authorities take action to coach investors regardingtheir
rights and obligations. I recommend that the exchange authorities increase theconfidentiality
of investors.

• I like to recommend that the securities market authorities be alert so as to prevent massive
worth fluctuations.

• Speculative pressure is liable for massive worth changes that aren't any longer of real interest
to the marketplace for real investors.

• Real investors don't seem to be in the least fascinated by the speculative gain, since their
investment is predicated on future profits, that the exchange authorities ought to be a lot of
alert so as to curb speculation.
 CONCLUSION

The comprehensive study of the capital market instrument on the bury Connected securities
market was AN enlightening expertise that stressed the positive aspects of dematerialisation.

And the settlement of stocks, derivatives markets and capital instruments has done the
establishment, the capitalist company and also the country well in some ways.

The custody systems have reduced the delay within the delivery and settlement of securities,
however conjointly supported the explanations for providing a lot of liquidity to the safety
holder, particularly the necessity to determine a custody account less trade.

Online mercantilism has created the mercantilism system and settlement inevitable and
inevitable for the sleek and economical functioning of the capital market.

This system has proved itself by increasing the dealing speed at intervals T + three days, that
square measure earlier T + five days.

Now there's a suggestion that settlement can occur at intervals T + one days within the
close to future, that is a sign of a blessing on the system of demat and capital market
instruments. Derivatives mercantilism started within the Indian indices for quite a while.

Actively, it's not been attainable to essentially begin with low worthy in value and volume.

The introduction of derivatives mercantilism was welcome by market participants within the
capital markets however have not very created a wave to talk.

There square measure many factors that hinder the expansion of derivatives markets in Asian
country.

Of these factors, the foremost vital square measure the dearth of clear tips on tax problems
and high dealing prices.
 BIBLIOGRAPHY
BOOKS:

Investment management

-V.K.Bhalla

Investment management

-Preethi Singh

Security Analysis and Portfolio Management

-V.A.Avadhani

Marketing of Financial Services

-V.A.Avadhani

Indian Financial System

-M.Y.Khan

WEBSITES:

www.motilal.com
www.bseindia.com www.sebi.com
www.moneycontrol.com
www.economictimes.com
www.nseindia.com