CF_1.xlsx

Company: Bharat Heavy Electricals LtdSource: http://www.capitaline.com

Beta Calculation Cost of Equity CalculationMethod Covarience Linest Risk Free Rate Market Return5 year 1.24 1.24 8.00% 0.16FY 15 1.66 1.66 8.27% 0.37FY 14 1.39 1.39 8.41% 0.26FY 13 1.50 1.50 8.19% 0.12FY 12 1.15 1.15 8.44% -0.11FY 11 0.82 0.82 8.44% 0.16

Bharat Heavy Electricals Ltd NIFTYDate Close Price Returns Close Price Returns

31-Mar-15 235.35 -1.42% 8,491.00 -0.02%30-Mar-15 238.75 2.56% 8,492.30 1.81%27-Mar-15 232.80 -1.29% 8,341.40 -0.01%26-Mar-15 235.85 -0.34% 8,342.15 -2.21%25-Mar-15 236.65 -1.40% 8,530.80 -0.14%24-Mar-15 240.00 1.35% 8,542.95 -0.09%23-Mar-15 236.80 -3.64% 8,550.90 -0.23%20-Mar-15 245.75 -3.85% 8,570.90 -0.74%19-Mar-15 255.60 -0.81% 8,634.65 -0.59%18-Mar-15 257.70 -2.68% 8,685.90 -0.43%17-Mar-15 264.80 2.20% 8,723.30 1.04%16-Mar-15 259.10 1.71% 8,633.15 -0.17%13-Mar-15 254.75 -3.52% 8,647.75 -1.46%12-Mar-15 264.05 2.38% 8,776.00 0.87%11-Mar-15 257.90 -0.46% 8,699.95 -0.14%10-Mar-15 259.10 0.19% 8,712.05 -0.51%9-Mar-15 258.60 -4.35% 8,756.75 -2.03%5-Mar-15 270.35 -0.20% 8,937.75 0.17%4-Mar-15 270.90 -1.40% 8,922.65 -0.82%3-Mar-15 274.75 0.37% 8,996.25 0.44%2-Mar-15 273.75 4.42% 8,956.75 0.62%28-Feb-15 262.15 -3.23% 8,901.85 0.65%27-Feb-15 270.90 2.44% 8,844.60 1.85%26-Feb-15 264.45 -3.56% 8,683.85 -0.95%25-Feb-15 274.20 -1.28% 8,767.25 0.06%24-Feb-15 277.75 1.91% 8,762.10 0.08%23-Feb-15 272.55 -0.98% 8,754.95 -0.89%

20-Feb-15 275.25 5.14% 8,833.60 -0.69%19-Feb-15 261.80 0.61% 8,895.30 0.30%18-Feb-15 260.20 0.25% 8,869.10 0.68%16-Feb-15 259.55 0.08% 8,809.35 0.04%13-Feb-15 259.35 -3.12% 8,805.50 1.08%12-Feb-15 267.70 4.80% 8,711.55 0.98%11-Feb-15 255.45 -2.31% 8,627.40 0.72%10-Feb-15 261.50 1.14% 8,565.55 0.46%9-Feb-15 258.55 -2.12% 8,526.35 -1.56%6-Feb-15 264.15 -4.59% 8,661.05 -0.58%5-Feb-15 276.85 -2.86% 8,711.70 -0.14%4-Feb-15 285.00 -4.07% 8,723.70 -0.38%3-Feb-15 297.10 1.11% 8,756.55 -0.46%2-Feb-15 293.85 0.72% 8,797.40 -0.13%30-Jan-15 291.75 1.34% 8,808.90 -1.60%29-Jan-15 287.90 3.10% 8,952.35 0.43%28-Jan-15 279.25 -0.94% 8,914.30 0.04%27-Jan-15 281.90 1.00% 8,910.50 0.85%23-Jan-15 279.10 -1.88% 8,835.60 0.85%22-Jan-15 284.45 0.67% 8,761.40 0.37%21-Jan-15 282.55 0.46% 8,729.50 0.39%20-Jan-15 281.25 0.07% 8,695.60 1.69%19-Jan-15 281.05 2.63% 8,550.70 0.43%16-Jan-15 273.85 1.82% 8,513.80 0.23%15-Jan-15 268.95 0.07% 8,494.15 2.62%14-Jan-15 268.75 4.37% 8,277.55 -0.26%13-Jan-15 257.50 -0.06% 8,299.40 -0.28%12-Jan-15 257.65 1.14% 8,323.00 0.46%9-Jan-15 254.75 -1.09% 8,284.50 0.61%8-Jan-15 257.55 1.46% 8,234.60 1.64%7-Jan-15 253.85 -2.72% 8,102.10 -0.31%6-Jan-15 260.95 -4.55% 8,127.35 -3.00%5-Jan-15 273.40 -0.69% 8,378.40 -0.20%2-Jan-15 275.30 2.51% 8,395.45 1.35%1-Jan-15 268.55 1.24% 8,284.00 0.02%

31-Dec-14 265.25 2.67% 8,282.70 0.42%30-Dec-14 258.35 1.51% 8,248.25 0.02%29-Dec-14 254.50 1.17% 8,246.30 0.56%26-Dec-14 251.55 -1.18% 8,200.70 0.33%24-Dec-14 254.55 -2.69% 8,174.10 -1.12%23-Dec-14 261.60 -1.64% 8,267.00 -0.68%22-Dec-14 265.95 2.66% 8,324.00 1.20%19-Dec-14 259.05 0.66% 8,225.20 0.81%

18-Dec-14 257.35 5.02% 8,159.30 1.61%17-Dec-14 245.05 -1.11% 8,029.80 -0.47%16-Dec-14 247.80 -0.40% 8,067.60 -1.85%15-Dec-14 248.80 0.59% 8,219.60 -0.05%12-Dec-14 247.35 -2.60% 8,224.10 -0.83%11-Dec-14 253.95 0.34% 8,292.90 -0.75%10-Dec-14 253.10 -2.39% 8,355.65 0.18%9-Dec-14 259.30 -2.87% 8,340.70 -1.16%8-Dec-14 266.95 -1.93% 8,438.25 -1.17%5-Dec-14 272.20 -0.62% 8,538.30 -0.30%4-Dec-14 273.90 -1.58% 8,564.40 0.31%3-Dec-14 278.30 2.52% 8,537.65 0.15%2-Dec-14 271.45 -1.00% 8,524.70 -0.36%1-Dec-14 274.20 -3.38% 8,555.90 -0.38%28-Nov-14 283.80 -0.14% 8,588.25 1.11%27-Nov-14 284.20 4.83% 8,494.20 0.22%26-Nov-14 271.10 2.11% 8,475.75 0.15%25-Nov-14 265.50 3.05% 8,463.10 -0.79%24-Nov-14 257.65 2.14% 8,530.15 0.62%21-Nov-14 252.25 2.62% 8,477.35 0.90%20-Nov-14 245.80 -1.32% 8,401.90 0.23%19-Nov-14 249.10 -2.01% 8,382.30 -0.52%18-Nov-14 254.20 2.03% 8,425.90 -0.06%17-Nov-14 249.15 1.34% 8,430.75 0.49%14-Nov-14 245.85 -0.79% 8,389.90 0.38%13-Nov-14 247.80 0.14% 8,357.85 -0.30%12-Nov-14 247.45 0.88% 8,383.30 0.25%11-Nov-14 245.30 -2.23% 8,362.65 0.22%10-Nov-14 250.90 0.76% 8,344.25 0.09%7-Nov-14 249.00 -3.47% 8,337.00 -0.02%5-Nov-14 257.95 1.82% 8,338.30 0.17%3-Nov-14 253.35 -1.31% 8,324.15 0.02%31-Oct-14 256.70 0.63% 8,322.20 1.87%30-Oct-14 255.10 0.18% 8,169.20 0.97%29-Oct-14 254.65 -0.25% 8,090.45 0.78%28-Oct-14 255.30 1.05% 8,027.60 0.45%27-Oct-14 252.65 5.10% 7,991.70 -0.29%23-Oct-14 240.40 -0.54% 8,014.55 0.23%22-Oct-14 241.70 1.36% 7,995.90 0.86%21-Oct-14 238.45 4.56% 7,927.75 0.61%20-Oct-14 228.05 0.57% 7,879.40 1.28%17-Oct-14 226.75 3.26% 7,779.70 0.41%16-Oct-14 219.60 -2.83% 7,748.20 -1.47%

14-Oct-14 226.00 3.57% 7,864.00 -0.26%13-Oct-14 218.20 -1.53% 7,884.25 0.31%10-Oct-14 221.60 1.16% 7,859.95 -1.26%9-Oct-14 219.05 8.39% 7,960.55 1.50%8-Oct-14 202.10 2.36% 7,842.70 -0.12%7-Oct-14 197.45 -1.00% 7,852.40 -1.17%1-Oct-14 199.45 -0.50% 7,945.55 -0.24%

30-Sep-14 200.45 -3.51% 7,964.80 0.07%29-Sep-14 207.75 1.17% 7,958.90 -0.12%26-Sep-14 205.35 1.13% 7,968.85 0.72%25-Sep-14 203.05 -4.06% 7,911.85 -1.13%24-Sep-14 211.65 -2.22% 8,002.40 -0.19%23-Sep-14 216.45 -2.35% 8,017.55 -1.58%22-Sep-14 221.65 -2.14% 8,146.30 0.31%19-Sep-14 226.50 -0.92% 8,121.45 0.08%18-Sep-14 228.60 3.60% 8,114.75 1.75%17-Sep-14 220.65 2.20% 7,975.50 0.54%16-Sep-14 215.90 -2.06% 7,932.90 -1.36%15-Sep-14 220.45 -0.11% 8,042.00 -0.78%12-Sep-14 220.70 -0.90% 8,105.50 0.24%11-Sep-14 222.70 1.64% 8,085.70 -0.10%10-Sep-14 219.10 -0.95% 8,094.10 -0.72%9-Sep-14 221.20 -1.18% 8,152.95 -0.26%8-Sep-14 223.85 0.47% 8,173.90 1.08%5-Sep-14 222.80 -1.87% 8,086.85 -0.11%4-Sep-14 227.05 -4.14% 8,095.95 -0.23%3-Sep-14 236.85 -1.44% 8,114.60 0.39%2-Sep-14 240.30 0.75% 8,083.05 0.69%1-Sep-14 238.50 -1.00% 8,027.70 0.92%

28-Aug-14 240.90 5.13% 7,954.35 0.23%27-Aug-14 229.15 -1.65% 7,936.05 0.40%26-Aug-14 233.00 0.32% 7,904.75 -0.02%25-Aug-14 232.25 2.09% 7,906.30 -0.09%22-Aug-14 227.50 -0.96% 7,913.20 0.28%21-Aug-14 229.70 -0.76% 7,891.10 0.20%20-Aug-14 231.45 1.71% 7,875.30 -0.28%19-Aug-14 227.55 2.45% 7,897.50 0.30%18-Aug-14 222.10 4.30% 7,874.25 1.06%14-Aug-14 212.95 1.55% 7,791.70 0.67%13-Aug-14 209.70 -6.47% 7,739.55 0.16%12-Aug-14 224.20 1.20% 7,727.05 1.33%11-Aug-14 221.55 0.29% 7,625.95 0.76%8-Aug-14 220.90 -4.31% 7,568.55 -1.06%

7-Aug-14 230.85 0.61% 7,649.25 -0.30%6-Aug-14 229.45 0.57% 7,672.05 -0.96%5-Aug-14 228.15 -0.35% 7,746.55 0.82%4-Aug-14 228.95 2.16% 7,683.65 1.07%1-Aug-14 224.10 -1.86% 7,602.60 -1.54%31-Jul-14 228.35 -1.13% 7,721.30 -0.90%30-Jul-14 230.95 0.48% 7,791.40 0.55%28-Jul-14 229.85 1.23% 7,748.70 -0.54%25-Jul-14 227.05 -3.91% 7,790.45 -0.51%24-Jul-14 236.30 0.77% 7,830.60 0.45%23-Jul-14 234.50 0.19% 7,795.75 0.36%22-Jul-14 234.05 -0.49% 7,767.85 1.09%21-Jul-14 235.20 -1.45% 7,684.20 0.26%18-Jul-14 238.65 -1.85% 7,663.90 0.31%17-Jul-14 243.15 0.81% 7,640.45 0.21%16-Jul-14 241.20 2.79% 7,624.40 1.30%15-Jul-14 234.65 3.51% 7,526.65 0.97%14-Jul-14 226.70 1.55% 7,454.15 -0.07%11-Jul-14 223.25 -8.41% 7,459.60 -1.43%10-Jul-14 243.75 0.12% 7,567.75 -0.23%9-Jul-14 243.45 0.23% 7,585.00 -0.50%8-Jul-14 242.90 -8.29% 7,623.20 -2.11%7-Jul-14 264.85 0.74% 7,787.15 0.46%4-Jul-14 262.90 0.69% 7,751.60 0.48%3-Jul-14 261.10 0.66% 7,714.80 -0.13%2-Jul-14 259.40 2.75% 7,725.15 1.18%1-Jul-14 252.45 0.86% 7,634.70 0.31%

30-Jun-14 250.30 2.39% 7,611.35 1.37%27-Jun-14 244.45 -2.69% 7,508.80 0.21%26-Jun-14 251.20 0.54% 7,493.20 -1.00%25-Jun-14 249.85 -0.18% 7,569.25 -0.14%24-Jun-14 250.30 2.44% 7,580.20 1.16%23-Jun-14 244.35 2.32% 7,493.35 -0.24%20-Jun-14 238.80 -0.87% 7,511.45 -0.39%19-Jun-14 240.90 -0.19% 7,540.70 -0.23%18-Jun-14 241.35 -2.60% 7,558.20 -0.96%17-Jun-14 247.80 2.80% 7,631.70 1.30%16-Jun-14 241.05 1.39% 7,533.55 -0.11%13-Jun-14 237.75 -2.42% 7,542.10 -1.41%12-Jun-14 243.65 -1.44% 7,649.90 0.30%11-Jun-14 247.20 -3.36% 7,626.85 -0.39%10-Jun-14 255.80 -2.72% 7,656.40 0.02%9-Jun-14 262.95 0.08% 7,654.60 0.94%

6-Jun-14 262.75 0.88% 7,583.40 1.46%5-Jun-14 260.45 1.11% 7,474.10 0.97%4-Jun-14 257.60 0.10% 7,402.25 -0.18%3-Jun-14 257.35 3.52% 7,415.85 0.72%2-Jun-14 248.60 2.64% 7,362.50 1.83%

30-May-14 242.20 -0.45% 7,229.95 -0.08%29-May-14 243.30 -2.23% 7,235.65 -1.28%28-May-14 248.85 1.30% 7,329.65 0.16%27-May-14 245.65 -5.21% 7,318.00 -0.56%26-May-14 259.15 -4.78% 7,359.05 -0.11%23-May-14 272.15 3.32% 7,367.10 1.25%22-May-14 263.40 -2.82% 7,276.40 0.32%21-May-14 271.05 -2.43% 7,252.90 -0.31%20-May-14 277.80 4.22% 7,275.50 0.16%19-May-14 266.55 15.09% 7,263.55 0.84%16-May-14 231.60 6.19% 7,203.00 1.12%15-May-14 218.10 0.79% 7,123.15 0.20%14-May-14 216.40 -1.16% 7,108.75 0.00%13-May-14 218.95 10.22% 7,108.75 1.35%12-May-14 198.65 2.37% 7,014.25 2.27%9-May-14 194.05 5.32% 6,858.80 2.99%8-May-14 184.25 3.28% 6,659.85 0.11%7-May-14 178.40 -0.31% 6,652.55 -0.93%6-May-14 178.95 0.56% 6,715.30 0.24%5-May-14 177.95 -1.33% 6,699.35 0.07%2-May-14 180.35 -0.06% 6,694.80 -0.02%30-Apr-14 180.45 -3.27% 6,696.40 -0.28%29-Apr-14 186.55 0.19% 6,715.25 -0.68%28-Apr-14 186.20 -2.62% 6,761.25 -0.32%25-Apr-14 191.20 0.84% 6,782.75 -0.85%23-Apr-14 189.60 1.50% 6,840.80 0.37%22-Apr-14 186.80 0.24% 6,815.35 -0.03%21-Apr-14 186.35 2.81% 6,817.65 0.56%17-Apr-14 181.25 3.25% 6,779.40 1.56%16-Apr-14 175.55 -3.54% 6,675.30 -0.86%15-Apr-14 182.00 -1.86% 6,733.10 -0.64%11-Apr-14 185.45 -0.59% 6,776.30 -0.30%10-Apr-14 186.55 2.73% 6,796.40 0.00%9-Apr-14 181.60 2.22% 6,796.20 1.51%7-Apr-14 177.65 -3.19% 6,695.05 0.01%4-Apr-14 183.50 -2.05% 6,694.35 -0.62%3-Apr-14 187.35 -3.10% 6,736.10 -0.24%2-Apr-14 193.35 -0.59% 6,752.55 0.47%

1-Apr-14 194.50 -0.79% 6,721.05 0.25%31-Mar-14 196.05 -2.02% 6,704.20 0.12%28-Mar-14 200.10 1.14% 6,695.90 0.82%27-Mar-14 197.85 1.18% 6,641.75 0.61%26-Mar-14 195.55 -0.51% 6,601.40 0.18%25-Mar-14 196.55 4.52% 6,589.75 0.09%24-Mar-14 188.05 0.35% 6,583.50 1.36%22-Mar-14 187.40 -0.19% 6,494.90 0.03%21-Mar-14 187.75 1.57% 6,493.20 0.16%20-Mar-14 184.85 -2.79% 6,483.10 -0.63%19-Mar-14 190.15 0.61% 6,524.05 0.11%18-Mar-14 189.00 0.56% 6,516.65 0.19%14-Mar-14 187.95 2.65% 6,504.20 0.17%13-Mar-14 183.10 -0.46% 6,493.10 -0.37%12-Mar-14 183.95 -2.85% 6,516.90 0.08%11-Mar-14 189.35 -0.05% 6,511.90 -0.39%10-Mar-14 189.45 2.49% 6,537.25 0.16%7-Mar-14 184.85 6.63% 6,526.65 1.96%6-Mar-14 173.35 3.80% 6,401.15 1.15%5-Mar-14 167.00 0.03% 6,328.65 0.49%4-Mar-14 166.95 2.61% 6,297.95 1.23%3-Mar-14 162.70 -3.01% 6,221.45 -0.88%28-Feb-14 167.75 3.29% 6,276.95 0.61%26-Feb-14 162.40 1.69% 6,238.80 0.62%25-Feb-14 159.70 2.01% 6,200.05 0.23%24-Feb-14 156.55 3.95% 6,186.10 0.50%21-Feb-14 150.60 -0.23% 6,155.45 1.05%20-Feb-14 150.95 0.20% 6,091.45 -1.00%19-Feb-14 150.65 0.67% 6,152.75 0.42%18-Feb-14 149.65 1.42% 6,127.10 0.89%17-Feb-14 147.55 -0.64% 6,073.30 0.41%14-Feb-14 148.50 -2.27% 6,048.35 0.79%13-Feb-14 151.95 -3.43% 6,001.10 -1.36%12-Feb-14 157.35 1.45% 6,084.00 0.35%11-Feb-14 155.10 -0.51% 6,062.70 0.15%10-Feb-14 155.90 0.10% 6,053.45 -0.16%7-Feb-14 155.75 -0.86% 6,063.20 0.45%6-Feb-14 157.10 -2.33% 6,036.30 0.23%5-Feb-14 160.85 -1.23% 6,022.40 0.36%4-Feb-14 162.85 -2.57% 6,000.90 -0.01%3-Feb-14 167.15 -3.24% 6,001.80 -1.44%31-Jan-14 172.75 -0.26% 6,089.50 0.26%30-Jan-14 173.20 1.43% 6,073.70 -0.76%

29-Jan-14 170.75 3.89% 6,120.25 -0.10%28-Jan-14 164.35 1.29% 6,126.25 -0.16%27-Jan-14 162.25 -1.67% 6,135.85 -2.09%24-Jan-14 165.00 -3.65% 6,266.75 -1.24%23-Jan-14 171.25 0.74% 6,345.65 0.11%22-Jan-14 170.00 0.15% 6,338.95 0.40%21-Jan-14 169.75 -2.39% 6,313.80 0.16%20-Jan-14 173.90 1.19% 6,303.95 0.68%17-Jan-14 171.85 1.18% 6,261.65 -0.91%16-Jan-14 169.85 1.98% 6,318.90 -0.03%15-Jan-14 166.55 2.68% 6,320.90 1.27%14-Jan-14 162.20 -1.01% 6,241.85 -0.49%13-Jan-14 163.85 0.52% 6,272.75 1.64%10-Jan-14 163.00 0.06% 6,171.45 0.05%9-Jan-14 162.90 0.00% 6,168.35 -0.10%8-Jan-14 162.90 -1.27% 6,174.60 0.20%7-Jan-14 165.00 0.43% 6,162.25 -0.47%6-Jan-14 164.30 -0.70% 6,191.45 -0.32%3-Jan-14 165.45 -2.50% 6,211.15 -0.16%2-Jan-14 169.70 -3.25% 6,221.15 -1.28%1-Jan-14 175.40 -0.85% 6,301.65 -0.04%

31-Dec-13 176.90 -1.39% 6,304.00 0.21%30-Dec-13 179.40 3.55% 6,291.10 -0.36%27-Dec-13 173.25 -0.89% 6,313.80 0.56%26-Dec-13 174.80 1.10% 6,278.90 0.17%24-Dec-13 172.90 2.19% 6,268.40 -0.26%23-Dec-13 169.20 1.84% 6,284.50 0.16%20-Dec-13 166.15 2.18% 6,274.25 1.74%19-Dec-13 162.60 -0.61% 6,166.65 -0.81%18-Dec-13 163.60 5.99% 6,217.15 1.27%17-Dec-13 154.35 -0.36% 6,139.05 -0.25%16-Dec-13 154.90 0.19% 6,154.70 -0.22%13-Dec-13 154.60 -4.12% 6,168.40 -1.10%12-Dec-13 161.25 -0.49% 6,237.05 -1.12%11-Dec-13 162.05 -2.11% 6,307.90 -0.39%10-Dec-13 165.55 -3.53% 6,332.85 -0.49%9-Dec-13 171.60 0.12% 6,363.90 1.66%6-Dec-13 171.40 0.03% 6,259.90 0.30%5-Dec-13 171.35 4.10% 6,241.10 1.30%4-Dec-13 164.60 0.37% 6,160.95 -0.66%3-Dec-13 164.00 2.72% 6,201.85 -0.26%2-Dec-13 159.65 2.11% 6,217.85 0.68%29-Nov-13 156.35 3.58% 6,176.10 1.38%

28-Nov-13 150.95 3.28% 6,091.85 0.57%27-Nov-13 146.15 -1.08% 6,057.10 -0.03%26-Nov-13 147.75 2.39% 6,059.10 -0.92%25-Nov-13 144.30 5.21% 6,115.35 2.00%22-Nov-13 137.15 0.18% 5,995.45 -0.06%21-Nov-13 136.90 -2.91% 5,999.05 -2.02%20-Nov-13 141.00 -0.56% 6,122.90 -1.30%19-Nov-13 141.80 1.32% 6,203.35 0.23%18-Nov-13 139.95 3.06% 6,189.00 2.19%14-Nov-13 135.80 1.61% 6,056.15 1.11%13-Nov-13 133.65 1.21% 5,989.60 -0.47%12-Nov-13 132.05 -1.60% 6,018.05 -1.00%11-Nov-13 134.20 -1.11% 6,078.80 -1.01%8-Nov-13 135.70 0.85% 6,140.75 -0.75%7-Nov-13 134.55 -4.13% 6,187.25 -0.45%6-Nov-13 140.35 -1.34% 6,215.15 -0.61%5-Nov-13 142.25 -1.59% 6,253.15 -1.02%3-Nov-13 144.55 0.70% 6,317.35 0.16%1-Nov-13 143.55 1.74% 6,307.20 0.13%31-Oct-13 141.10 1.26% 6,299.15 0.76%30-Oct-13 139.35 2.20% 6,251.70 0.50%29-Oct-13 136.35 0.11% 6,220.90 1.96%28-Oct-13 136.20 -0.84% 6,101.10 -0.71%25-Oct-13 137.35 -2.03% 6,144.90 -0.32%24-Oct-13 140.20 -1.75% 6,164.35 -0.23%23-Oct-13 142.70 -1.99% 6,178.35 -0.39%22-Oct-13 145.60 0.07% 6,202.80 -0.03%21-Oct-13 145.50 -1.56% 6,204.95 0.25%18-Oct-13 147.80 0.72% 6,189.35 2.37%17-Oct-13 146.75 0.86% 6,045.85 -0.71%15-Oct-13 145.50 0.52% 6,089.05 -0.39%14-Oct-13 144.75 -1.50% 6,112.70 0.27%11-Oct-13 146.95 -0.47% 6,096.20 1.25%10-Oct-13 147.65 -0.20% 6,020.95 0.22%9-Oct-13 147.95 2.53% 6,007.45 1.33%8-Oct-13 144.30 -1.20% 5,928.40 0.38%7-Oct-13 146.05 1.46% 5,906.15 -0.02%4-Oct-13 143.95 0.00% 5,907.30 -0.04%3-Oct-13 143.95 1.98% 5,909.70 2.24%1-Oct-13 141.15 2.73% 5,780.05 0.78%

30-Sep-13 137.40 -4.42% 5,735.30 -1.68%27-Sep-13 143.75 -4.64% 5,833.20 -0.83%26-Sep-13 150.75 5.31% 5,882.25 0.14%

25-Sep-13 143.15 9.03% 5,873.85 -0.32%24-Sep-13 131.30 1.43% 5,892.45 0.05%23-Sep-13 129.45 -4.46% 5,889.75 -2.04%20-Sep-13 135.50 1.23% 6,012.10 -1.69%19-Sep-13 133.85 3.16% 6,115.55 3.66%18-Sep-13 129.75 -4.98% 5,899.45 0.84%17-Sep-13 136.55 0.66% 5,850.20 0.17%16-Sep-13 135.65 -5.04% 5,840.55 -0.17%13-Sep-13 142.85 5.89% 5,850.60 0.00%12-Sep-13 134.90 -4.12% 5,850.70 -1.06%11-Sep-13 140.70 -1.57% 5,913.15 0.28%10-Sep-13 142.95 0.49% 5,896.75 3.81%6-Sep-13 142.25 3.04% 5,680.40 1.56%5-Sep-13 138.05 8.49% 5,592.95 2.66%4-Sep-13 127.25 6.75% 5,448.10 2.00%3-Sep-13 119.20 -1.37% 5,341.45 -3.77%2-Sep-13 120.85 1.55% 5,550.75 1.44%

30-Aug-13 119.00 1.10% 5,471.80 1.16%29-Aug-13 117.70 3.38% 5,409.05 2.35%28-Aug-13 113.85 2.34% 5,285.00 -0.05%27-Aug-13 111.25 -10.21% 5,287.45 -3.45%26-Aug-13 123.90 6.72% 5,476.50 0.09%23-Aug-13 116.10 8.05% 5,471.75 1.17%22-Aug-13 107.45 2.43% 5,408.45 2.00%21-Aug-13 104.90 3.50% 5,302.55 -1.83%20-Aug-13 101.35 -1.70% 5,401.45 -0.25%19-Aug-13 103.10 -2.32% 5,414.75 -1.69%16-Aug-13 105.55 -10.97% 5,507.85 -4.08%14-Aug-13 118.55 -1.94% 5,742.30 0.75%13-Aug-13 120.90 0.83% 5,699.30 1.55%12-Aug-13 119.90 2.13% 5,612.40 0.84%8-Aug-13 117.40 1.51% 5,565.65 0.84%7-Aug-13 115.65 2.71% 5,519.10 -0.42%6-Aug-13 112.60 -6.79% 5,542.25 -2.52%5-Aug-13 120.80 -19.25% 5,685.40 0.13%2-Aug-13 149.60 -0.66% 5,677.90 -0.87%1-Aug-13 150.60 -4.86% 5,727.85 -0.25%31-Jul-13 158.30 3.77% 5,742.00 -0.23%30-Jul-13 152.55 -2.83% 5,755.05 -1.31%29-Jul-13 157.00 -1.16% 5,831.65 -0.93%26-Jul-13 158.85 0.19% 5,886.20 -0.36%25-Jul-13 158.55 -2.79% 5,907.50 -1.39%24-Jul-13 163.10 -1.12% 5,990.50 -1.44%

23-Jul-13 164.95 2.20% 6,077.80 0.76%22-Jul-13 161.40 -7.08% 6,031.80 0.04%19-Jul-13 173.70 -8.34% 6,029.20 -0.15%18-Jul-13 189.50 3.67% 6,038.05 1.08%17-Jul-13 182.80 -0.05% 5,973.30 0.30%16-Jul-13 182.90 -1.75% 5,955.25 -1.25%15-Jul-13 186.15 -1.12% 6,030.80 0.36%12-Jul-13 188.25 0.94% 6,009.00 1.25%11-Jul-13 186.50 1.25% 5,935.10 2.04%10-Jul-13 184.20 -1.37% 5,816.70 -0.72%9-Jul-13 186.75 2.19% 5,859.00 0.82%8-Jul-13 182.75 2.27% 5,811.55 -0.96%5-Jul-13 178.70 2.23% 5,867.90 0.53%4-Jul-13 174.80 -2.24% 5,836.95 1.14%3-Jul-13 178.80 -2.61% 5,770.90 -1.48%2-Jul-13 183.60 2.43% 5,857.55 -0.70%1-Jul-13 179.25 2.87% 5,898.85 0.97%

28-Jun-13 174.25 6.93% 5,842.20 2.81%27-Jun-13 162.95 -0.15% 5,682.35 1.68%26-Jun-13 163.20 0.00% 5,588.70 -0.36%25-Jun-13 163.20 -1.36% 5,609.10 0.34%24-Jun-13 165.45 -2.85% 5,590.25 -1.37%21-Jun-13 170.30 -0.61% 5,667.65 0.21%20-Jun-13 171.35 -4.94% 5,655.90 -2.86%19-Jun-13 180.25 -0.25% 5,822.25 0.15%18-Jun-13 180.70 -0.96% 5,813.60 -0.62%17-Jun-13 182.45 3.58% 5,850.05 0.72%14-Jun-13 176.15 0.60% 5,808.40 1.92%13-Jun-13 175.10 -2.37% 5,699.10 -1.06%12-Jun-13 179.35 -1.02% 5,760.20 -0.49%11-Jun-13 181.20 -1.63% 5,788.80 -1.52%10-Jun-13 184.20 -2.75% 5,878.00 -0.05%7-Jun-13 189.40 -1.48% 5,881.00 -0.68%6-Jun-13 192.25 -1.13% 5,921.40 -0.04%5-Jun-13 194.45 -0.46% 5,923.85 0.07%4-Jun-13 195.35 -0.84% 5,919.45 -0.33%3-Jun-13 197.00 -1.77% 5,939.30 -0.78%

31-May-13 200.55 -2.43% 5,985.95 -2.26%30-May-13 205.55 0.81% 6,124.05 0.32%29-May-13 203.90 0.02% 6,104.30 -0.11%28-May-13 203.85 3.50% 6,111.25 0.46%27-May-13 196.95 2.29% 6,083.15 1.66%24-May-13 192.55 -1.61% 5,983.55 0.28%

23-May-13 195.70 -3.95% 5,967.05 -2.09%22-May-13 203.75 -1.09% 6,094.50 -0.32%21-May-13 206.00 1.85% 6,114.10 -0.70%20-May-13 202.25 0.17% 6,156.90 -0.49%17-May-13 201.90 4.23% 6,187.30 0.28%16-May-13 193.70 1.23% 6,169.90 0.38%15-May-13 191.35 1.40% 6,146.75 2.52%14-May-13 188.70 -0.89% 5,995.40 0.25%13-May-13 190.40 -2.93% 5,980.45 -2.08%11-May-13 196.15 -0.43% 6,107.25 0.21%10-May-13 197.00 0.54% 6,094.75 0.74%9-May-13 195.95 0.31% 6,050.15 -0.32%8-May-13 195.35 -0.64% 6,069.30 0.43%7-May-13 196.60 1.68% 6,043.55 1.21%6-May-13 193.35 0.89% 5,971.05 0.46%3-May-13 191.65 0.18% 5,944.00 -0.92%2-May-13 191.30 -0.75% 5,999.35 1.17%30-Apr-13 192.75 0.60% 5,930.20 0.44%29-Apr-13 191.60 1.48% 5,904.10 0.56%26-Apr-13 188.80 -1.95% 5,871.45 -0.76%25-Apr-13 192.55 2.04% 5,916.30 1.36%23-Apr-13 188.70 -1.38% 5,836.90 0.04%22-Apr-13 191.35 2.96% 5,834.40 0.89%18-Apr-13 185.85 1.36% 5,783.10 1.66%17-Apr-13 183.35 0.58% 5,688.70 0.00%16-Apr-13 182.30 2.21% 5,688.95 2.16%15-Apr-13 178.35 -0.70% 5,568.40 0.72%12-Apr-13 179.60 0.76% 5,528.55 -1.17%11-Apr-13 178.25 0.20% 5,594.00 0.64%10-Apr-13 177.90 -0.48% 5,558.70 1.16%9-Apr-13 178.75 -2.05% 5,495.10 -0.86%8-Apr-13 182.50 2.64% 5,542.95 -0.19%5-Apr-13 177.80 -0.20% 5,553.25 -0.39%4-Apr-13 178.15 -2.54% 5,574.75 -1.73%3-Apr-13 182.80 -1.24% 5,672.90 -1.31%2-Apr-13 185.10 1.42% 5,748.10 0.77%1-Apr-13 182.50 3.11% 5,704.40 0.38%

28-Mar-13 177.00 0.28% 5,682.55 0.73%26-Mar-13 176.50 -1.64% 5,641.60 0.14%25-Mar-13 179.45 -0.22% 5,633.85 -0.31%22-Mar-13 179.85 0.08% 5,651.35 -0.13%21-Mar-13 179.70 -1.35% 5,658.75 -0.63%20-Mar-13 182.15 -1.96% 5,694.40 -0.90%

19-Mar-13 185.80 -5.08% 5,745.95 -1.53%18-Mar-13 195.75 -1.16% 5,835.25 -0.64%15-Mar-13 198.05 -0.40% 5,872.60 -0.62%14-Mar-13 198.85 0.94% 5,908.95 0.99%13-Mar-13 197.00 -1.87% 5,851.20 -1.06%12-Mar-13 200.75 -2.31% 5,914.10 -0.48%11-Mar-13 205.50 -0.99% 5,942.35 -0.06%8-Mar-13 207.55 0.85% 5,945.70 1.41%7-Mar-13 205.80 1.40% 5,863.30 0.77%6-Mar-13 202.95 2.09% 5,818.60 0.59%5-Mar-13 198.80 -0.70% 5,784.25 1.50%4-Mar-13 200.20 -0.37% 5,698.50 -0.37%1-Mar-13 200.95 -0.10% 5,719.70 0.47%28-Feb-13 201.15 -2.61% 5,693.05 -1.79%27-Feb-13 206.55 2.25% 5,796.90 0.62%26-Feb-13 202.00 -2.72% 5,761.35 -1.60%25-Feb-13 207.65 1.61% 5,854.75 0.08%22-Feb-13 204.35 -1.21% 5,850.30 -0.03%21-Feb-13 206.85 -1.78% 5,852.25 -1.53%20-Feb-13 210.60 -0.73% 5,943.05 0.06%19-Feb-13 212.15 2.27% 5,939.70 0.70%18-Feb-13 207.45 1.42% 5,898.20 0.18%15-Feb-13 204.55 0.37% 5,887.40 -0.16%14-Feb-13 203.80 -0.97% 5,896.95 -0.61%13-Feb-13 205.80 -1.51% 5,932.95 0.18%12-Feb-13 208.95 0.67% 5,922.50 0.42%11-Feb-13 207.55 -0.57% 5,897.85 -0.10%8-Feb-13 208.75 1.33% 5,903.50 -0.59%7-Feb-13 206.00 -1.20% 5,938.80 -0.34%6-Feb-13 208.50 -1.37% 5,959.20 0.04%5-Feb-13 211.40 -3.49% 5,956.90 -0.51%4-Feb-13 219.05 -2.64% 5,987.25 -0.19%1-Feb-13 225.00 -1.23% 5,998.90 -0.59%31-Jan-13 227.80 2.73% 6,034.75 -0.35%30-Jan-13 221.75 -0.69% 6,055.75 0.10%29-Jan-13 223.30 -2.08% 6,049.90 -0.41%28-Jan-13 228.05 -0.59% 6,074.80 0.00%25-Jan-13 229.40 0.53% 6,074.65 0.92%24-Jan-13 228.20 -1.21% 6,019.35 -0.58%23-Jan-13 231.00 0.22% 6,054.30 0.10%22-Jan-13 230.50 -0.67% 6,048.50 -0.56%21-Jan-13 232.05 2.47% 6,082.30 0.30%18-Jan-13 226.45 0.62% 6,064.40 0.42%

17-Jan-13 225.05 -0.16% 6,039.20 0.62%16-Jan-13 225.40 -1.55% 6,001.85 -0.90%15-Jan-13 228.95 -0.13% 6,056.60 0.54%14-Jan-13 229.25 1.06% 6,024.05 1.22%11-Jan-13 226.85 -2.18% 5,951.30 -0.29%10-Jan-13 231.90 -2.11% 5,968.65 -0.05%9-Jan-13 236.90 -2.87% 5,971.50 -0.50%8-Jan-13 243.90 1.71% 6,001.70 0.22%7-Jan-13 239.80 -1.24% 5,988.40 -0.46%4-Jan-13 242.80 1.68% 6,016.15 0.11%3-Jan-13 238.80 0.32% 6,009.50 0.27%2-Jan-13 238.05 2.34% 5,993.25 0.71%1-Jan-13 232.60 1.91% 5,950.85 0.77%

31-Dec-12 228.25 0.33% 5,905.10 -0.06%28-Dec-12 227.50 0.64% 5,908.35 0.65%27-Dec-12 226.05 -1.80% 5,870.10 -0.60%26-Dec-12 230.20 1.14% 5,905.60 0.85%24-Dec-12 227.60 -0.02% 5,855.75 0.14%21-Dec-12 227.65 -1.88% 5,847.70 -1.16%20-Dec-12 232.00 -0.66% 5,916.40 -0.22%19-Dec-12 233.55 1.46% 5,929.60 0.56%18-Dec-12 230.20 4.21% 5,896.80 0.66%17-Dec-12 220.90 -1.78% 5,857.90 -0.37%14-Dec-12 224.90 -1.34% 5,879.60 0.48%13-Dec-12 227.95 -1.94% 5,851.50 -0.62%12-Dec-12 232.45 -2.04% 5,888.00 -0.18%11-Dec-12 237.30 -2.55% 5,898.80 -0.17%10-Dec-12 243.50 0.21% 5,908.90 0.03%7-Dec-12 243.00 0.52% 5,907.40 -0.40%6-Dec-12 241.75 1.81% 5,930.90 0.52%5-Dec-12 237.45 -0.06% 5,900.50 0.19%4-Dec-12 237.60 -0.11% 5,889.25 0.31%3-Dec-12 237.85 1.49% 5,870.95 -0.15%30-Nov-12 234.35 5.49% 5,879.85 0.94%29-Nov-12 222.15 -0.78% 5,825.00 1.70%27-Nov-12 223.90 1.24% 5,727.45 1.62%26-Nov-12 221.15 -1.58% 5,635.90 0.17%23-Nov-12 224.70 1.54% 5,626.60 -0.02%22-Nov-12 221.30 -0.41% 5,627.75 0.23%21-Nov-12 222.20 -2.61% 5,614.80 0.78%20-Nov-12 228.15 -0.44% 5,571.55 0.00%19-Nov-12 229.15 -0.50% 5,571.40 -0.05%16-Nov-12 230.30 -2.15% 5,574.05 -1.01%

15-Nov-12 235.35 1.62% 5,631.00 -0.63%13-Nov-12 231.60 -0.17% 5,666.95 -0.29%12-Nov-12 232.00 -0.11% 5,683.70 -0.04%9-Nov-12 232.25 -2.40% 5,686.25 -0.91%8-Nov-12 237.95 0.42% 5,738.75 -0.37%7-Nov-12 236.95 1.80% 5,760.10 0.62%6-Nov-12 232.75 0.91% 5,724.40 0.35%5-Nov-12 230.65 0.52% 5,704.20 0.11%2-Nov-12 229.45 1.28% 5,697.70 0.93%1-Nov-12 226.55 0.78% 5,645.05 0.45%31-Oct-12 224.80 -1.75% 5,619.70 0.39%30-Oct-12 228.80 0.84% 5,597.90 -1.19%29-Oct-12 226.90 -6.41% 5,665.60 0.02%26-Oct-12 242.45 0.79% 5,664.30 -0.72%25-Oct-12 240.55 0.44% 5,705.30 0.24%23-Oct-12 239.50 -0.97% 5,691.40 -0.45%22-Oct-12 241.85 -0.19% 5,717.15 0.58%19-Oct-12 242.30 -1.92% 5,684.25 -0.60%18-Oct-12 247.05 -0.20% 5,718.70 1.03%17-Oct-12 247.55 1.19% 5,660.25 0.22%16-Oct-12 244.65 -1.83% 5,648.00 -0.69%15-Oct-12 249.20 1.55% 5,687.25 0.20%12-Oct-12 245.40 -2.48% 5,676.05 -0.56%11-Oct-12 251.65 2.65% 5,708.05 0.99%10-Oct-12 245.15 -2.04% 5,652.15 -0.92%9-Oct-12 250.25 -1.61% 5,704.60 0.50%8-Oct-12 254.35 -3.62% 5,676.00 -1.23%5-Oct-12 263.90 -0.88% 5,746.95 -0.70%4-Oct-12 266.25 6.54% 5,787.60 0.98%3-Oct-12 249.90 -0.68% 5,731.25 0.22%1-Oct-12 251.60 1.88% 5,718.80 0.27%

28-Sep-12 246.95 -0.46% 5,703.30 0.95%27-Sep-12 248.10 -2.11% 5,649.50 -0.25%26-Sep-12 253.45 -0.10% 5,663.45 -0.18%25-Sep-12 253.70 2.36% 5,673.90 0.08%24-Sep-12 247.85 6.65% 5,669.60 -0.38%21-Sep-12 232.40 7.52% 5,691.15 2.46%20-Sep-12 216.15 -3.93% 5,554.25 -0.82%18-Sep-12 225.00 5.36% 5,600.05 -0.18%17-Sep-12 213.55 4.27% 5,610.00 0.58%14-Sep-12 204.80 2.14% 5,577.65 2.62%13-Sep-12 200.50 1.49% 5,435.35 0.08%12-Sep-12 197.55 -1.67% 5,431.00 0.76%

11-Sep-12 200.90 1.44% 5,390.00 0.50%10-Sep-12 198.05 -2.20% 5,363.45 0.09%8-Sep-12 202.50 -1.20% 5,358.70 0.31%7-Sep-12 204.95 1.86% 5,342.10 1.98%6-Sep-12 201.20 -3.11% 5,238.40 0.24%5-Sep-12 207.65 -5.12% 5,225.70 -0.92%4-Sep-12 218.85 1.25% 5,274.00 0.39%3-Sep-12 216.15 1.36% 5,253.75 -0.09%

31-Aug-12 213.25 -2.67% 5,258.50 -1.06%30-Aug-12 219.10 1.13% 5,315.05 0.52%29-Aug-12 216.65 -2.76% 5,287.80 -0.88%28-Aug-12 222.80 -1.11% 5,334.60 -0.29%27-Aug-12 225.30 -2.49% 5,350.25 -0.68%24-Aug-12 231.05 -0.94% 5,386.70 -0.53%23-Aug-12 233.25 0.39% 5,415.35 0.05%22-Aug-12 232.35 0.22% 5,412.85 -0.15%21-Aug-12 231.85 1.05% 5,421.00 1.02%17-Aug-12 229.45 -0.35% 5,366.30 0.06%16-Aug-12 230.25 -0.71% 5,362.95 -0.32%14-Aug-12 231.90 -0.28% 5,380.35 0.61%13-Aug-12 232.55 1.51% 5,347.90 0.52%10-Aug-12 229.10 -0.95% 5,320.40 -0.05%9-Aug-12 231.30 -0.15% 5,322.95 -0.28%8-Aug-12 231.65 -0.17% 5,338.00 0.02%7-Aug-12 232.05 1.24% 5,336.70 1.03%6-Aug-12 229.20 1.80% 5,282.55 1.28%3-Aug-12 225.15 0.76% 5,215.70 -0.23%2-Aug-12 223.45 1.38% 5,227.75 -0.24%1-Aug-12 220.40 2.20% 5,240.50 0.22%31-Jul-12 215.65 -0.39% 5,229.00 0.56%30-Jul-12 216.50 4.19% 5,199.80 1.96%27-Jul-12 207.80 -1.96% 5,099.85 1.13%26-Jul-12 211.95 -1.99% 5,043.00 -1.30%25-Jul-12 216.25 -0.67% 5,109.60 -0.36%24-Jul-12 217.70 -0.77% 5,128.20 0.20%23-Jul-12 219.40 -3.81% 5,117.95 -1.67%20-Jul-12 228.10 -2.87% 5,205.10 -0.72%19-Jul-12 234.85 2.47% 5,242.70 0.51%18-Jul-12 229.20 1.24% 5,216.30 0.45%17-Jul-12 226.40 -1.71% 5,192.85 -0.08%16-Jul-12 230.35 -0.52% 5,197.25 -0.57%13-Jul-12 231.55 0.19% 5,227.25 -0.15%12-Jul-12 231.10 -0.52% 5,235.25 -1.34%

11-Jul-12 232.30 -1.46% 5,306.30 -0.73%10-Jul-12 235.75 0.62% 5,345.35 1.33%9-Jul-12 234.30 -0.83% 5,275.15 -0.79%6-Jul-12 236.25 0.25% 5,316.95 -0.19%5-Jul-12 235.65 1.07% 5,327.30 0.47%4-Jul-12 233.15 0.87% 5,302.55 0.28%3-Jul-12 231.15 -1.68% 5,287.95 0.18%2-Jul-12 235.10 1.14% 5,278.60 -0.01%

29-Jun-12 232.45 5.16% 5,278.90 2.52%28-Jun-12 221.05 0.27% 5,149.15 0.14%27-Jun-12 220.45 0.57% 5,141.90 0.41%26-Jun-12 219.20 0.80% 5,120.80 0.12%25-Jun-12 217.45 -1.52% 5,114.65 -0.61%22-Jun-12 220.80 -0.90% 5,146.05 -0.37%21-Jun-12 222.80 3.63% 5,165.00 0.87%20-Jun-12 215.00 1.63% 5,120.55 0.33%19-Jun-12 211.55 -1.10% 5,103.85 0.78%18-Jun-12 213.90 -2.11% 5,064.25 -1.46%15-Jun-12 218.50 0.48% 5,139.05 1.67%14-Jun-12 217.45 -1.70% 5,054.75 -1.30%13-Jun-12 221.20 0.84% 5,121.45 0.11%12-Jun-12 219.35 1.60% 5,115.90 1.22%11-Jun-12 215.90 -2.40% 5,054.10 -0.28%8-Jun-12 221.20 1.37% 5,068.35 0.37%7-Jun-12 218.20 1.16% 5,049.65 1.05%6-Jun-12 215.70 2.67% 4,997.10 2.75%5-Jun-12 210.10 1.82% 4,863.30 0.31%4-Jun-12 206.35 -0.24% 4,848.15 0.14%1-Jun-12 206.85 -2.48% 4,841.60 -1.68%

31-May-12 212.10 0.52% 4,924.25 -0.54%30-May-12 211.00 -3.19% 4,950.75 -0.79%29-May-12 217.95 0.39% 4,990.10 0.09%28-May-12 217.10 4.25% 4,985.65 1.33%25-May-12 208.25 0.10% 4,920.40 -0.02%24-May-12 208.05 -0.34% 4,921.40 1.77%23-May-12 208.75 0.10% 4,835.65 -0.51%22-May-12 208.55 0.87% 4,860.50 -0.93%21-May-12 206.75 2.99% 4,906.05 0.30%18-May-12 200.75 -2.60% 4,891.45 0.44%17-May-12 206.10 -1.36% 4,870.20 0.25%16-May-12 208.95 -3.53% 4,858.25 -1.71%15-May-12 216.60 -0.25% 4,942.80 0.71%14-May-12 217.15 -1.79% 4,907.80 -0.43%

11-May-12 221.10 0.84% 4,928.90 -0.74%10-May-12 219.25 1.46% 4,965.70 -0.18%9-May-12 216.10 0.30% 4,974.80 -0.50%8-May-12 215.45 -5.07% 4,999.95 -2.23%7-May-12 226.95 6.03% 5,114.15 0.54%4-May-12 214.05 -4.93% 5,086.85 -1.96%3-May-12 225.15 0.51% 5,188.40 -0.97%2-May-12 224.00 -0.33% 5,239.15 -0.17%30-Apr-12 224.75 -2.07% 5,248.15 0.75%28-Apr-12 229.50 0.61% 5,209.00 0.35%27-Apr-12 228.10 -1.47% 5,190.60 0.03%26-Apr-12 231.50 -0.19% 5,189.00 -0.25%25-Apr-12 231.95 -2.15% 5,202.00 -0.40%24-Apr-12 237.05 0.59% 5,222.65 0.42%23-Apr-12 235.65 -3.97% 5,200.60 -1.71%20-Apr-12 245.40 -2.06% 5,290.85 -0.78%19-Apr-12 250.55 -3.93% 5,332.40 0.61%18-Apr-12 260.80 -0.78% 5,300.00 0.19%17-Apr-12 262.85 0.81% 5,289.70 1.22%16-Apr-12 260.75 0.87% 5,226.20 0.36%13-Apr-12 258.50 0.43% 5,207.45 -1.32%12-Apr-12 257.40 2.71% 5,276.85 0.96%11-Apr-12 250.60 -2.05% 5,226.85 -0.32%10-Apr-12 255.85 -2.29% 5,243.60 0.18%9-Apr-12 261.85 -4.29% 5,234.40 -1.66%4-Apr-12 273.60 3.60% 5,322.90 -0.66%3-Apr-12 264.10 1.27% 5,358.50 0.76%2-Apr-12 260.80 1.42% 5,317.90 0.42%

30-Mar-12 257.15 3.38% 5,295.55 2.25%29-Mar-12 248.75 -1.35% 5,178.85 -0.31%28-Mar-12 252.15 -1.29% 5,194.75 -0.92%27-Mar-12 255.45 -1.05% 5,243.15 1.14%26-Mar-12 258.15 -3.22% 5,184.25 -1.78%23-Mar-12 266.75 2.11% 5,278.20 0.95%22-Mar-12 261.25 -3.22% 5,228.45 -2.54%21-Mar-12 269.95 2.94% 5,364.95 1.71%20-Mar-12 262.25 0.81% 5,274.85 0.34%19-Mar-12 260.15 -4.92% 5,257.05 -1.14%16-Mar-12 273.60 -3.53% 5,317.90 -1.16%15-Mar-12 283.60 -3.49% 5,380.50 -1.53%14-Mar-12 293.85 1.03% 5,463.90 0.63%13-Mar-12 290.85 2.07% 5,429.50 1.31%12-Mar-12 284.95 2.22% 5,359.55 0.49%

9-Mar-12 278.75 2.84% 5,333.55 2.17%7-Mar-12 271.05 -1.65% 5,220.45 -0.04%6-Mar-12 275.60 -3.40% 5,222.40 -1.10%5-Mar-12 285.30 -3.66% 5,280.35 -1.47%3-Mar-12 296.15 -0.25% 5,359.40 0.00%2-Mar-12 296.90 -0.93% 5,359.35 0.37%1-Mar-12 299.70 -2.49% 5,339.75 -0.84%29-Feb-12 307.35 -0.37% 5,385.20 0.18%28-Feb-12 308.50 6.56% 5,375.50 1.79%27-Feb-12 289.50 -4.71% 5,281.20 -2.73%24-Feb-12 303.80 -2.60% 5,429.30 -0.98%23-Feb-12 311.90 1.76% 5,483.30 -0.40%22-Feb-12 306.50 -3.62% 5,505.35 -1.82%21-Feb-12 318.00 4.76% 5,607.15 0.77%17-Feb-12 303.55 6.68% 5,564.30 0.77%16-Feb-12 284.55 2.69% 5,521.95 -0.18%15-Feb-12 277.10 4.57% 5,531.95 2.14%14-Feb-12 265.00 1.32% 5,416.05 0.48%13-Feb-12 261.55 0.36% 5,390.20 0.16%10-Feb-12 260.60 -0.52% 5,381.60 -0.57%9-Feb-12 261.95 0.21% 5,412.35 0.82%8-Feb-12 261.40 0.50% 5,368.15 0.62%7-Feb-12 260.10 -4.18% 5,335.15 -0.49%6-Feb-12 271.45 2.53% 5,361.65 0.67%3-Feb-12 264.75 2.38% 5,325.85 1.06%2-Feb-12 258.60 1.17% 5,269.90 0.65%1-Feb-12 255.60 2.00% 5,235.70 0.70%31-Jan-12 250.60 2.64% 5,199.25 2.20%30-Jan-12 244.15 -10.76% 5,087.30 -2.26%27-Jan-12 273.60 -3.13% 5,204.70 0.90%25-Jan-12 282.45 0.59% 5,158.30 0.60%24-Jan-12 280.80 -0.53% 5,127.35 1.61%23-Jan-12 282.30 3.12% 5,046.25 -0.05%20-Jan-12 273.75 3.20% 5,048.60 0.60%19-Jan-12 265.25 -2.89% 5,018.40 1.26%18-Jan-12 273.15 -2.71% 4,955.80 -0.23%17-Jan-12 280.75 1.35% 4,967.30 1.92%16-Jan-12 277.00 3.82% 4,873.90 0.16%13-Jan-12 266.80 1.62% 4,866.00 0.72%12-Jan-12 262.55 -0.83% 4,831.25 -0.61%11-Jan-12 264.75 0.04% 4,860.95 0.24%10-Jan-12 264.65 2.52% 4,849.55 2.25%9-Jan-12 258.15 2.97% 4,742.80 -0.09%

7-Jan-12 250.70 0.46% 4,746.90 -0.15%6-Jan-12 249.55 -2.04% 4,754.10 0.09%5-Jan-12 254.75 0.45% 4,749.95 0.01%4-Jan-12 253.60 2.22% 4,749.65 -0.33%3-Jan-12 248.10 4.88% 4,765.30 2.77%2-Jan-12 236.55 -0.96% 4,636.75 0.27%

30-Dec-11 238.85 1.10% 4,624.30 -0.47%29-Dec-11 236.25 -4.39% 4,646.25 -1.27%28-Dec-11 247.10 2.64% 4,705.80 -0.94%27-Dec-11 240.75 -1.29% 4,750.50 -0.60%26-Dec-11 243.90 0.83% 4,779.00 1.38%23-Dec-11 241.90 2.07% 4,714.00 -0.42%22-Dec-11 237.00 1.59% 4,733.85 0.87%21-Dec-11 233.30 2.21% 4,693.15 3.28%20-Dec-11 228.25 -1.64% 4,544.20 -1.49%19-Dec-11 232.05 -3.47% 4,613.10 -0.83%16-Dec-11 240.40 -3.36% 4,651.60 -2.00%15-Dec-11 248.75 -2.58% 4,746.35 -0.35%14-Dec-11 255.35 -1.96% 4,763.25 -0.78%13-Dec-11 260.45 0.97% 4,800.60 0.76%12-Dec-11 257.95 -2.20% 4,764.60 -2.10%9-Dec-11 263.75 -3.25% 4,866.70 -1.56%8-Dec-11 272.60 -5.74% 4,943.65 -2.35%7-Dec-11 289.20 0.09% 5,062.60 0.47%5-Dec-11 288.95 2.23% 5,039.15 -0.22%2-Dec-11 282.65 2.24% 5,050.15 2.29%1-Dec-11 276.45 -2.21% 4,936.85 2.17%30-Nov-11 282.70 0.11% 4,832.05 0.56%29-Nov-11 282.40 0.18% 4,805.10 -0.95%28-Nov-11 281.90 4.39% 4,851.30 3.00%25-Nov-11 270.05 3.17% 4,710.05 -0.98%24-Nov-11 261.75 2.35% 4,756.45 1.06%23-Nov-11 255.75 -3.60% 4,706.45 -2.20%22-Nov-11 265.30 1.55% 4,812.35 0.71%21-Nov-11 261.25 -4.95% 4,778.35 -2.60%18-Nov-11 274.85 -3.51% 4,905.80 -0.59%17-Nov-11 284.85 -4.48% 4,934.75 -1.90%16-Nov-11 298.20 -3.62% 5,030.45 -0.75%15-Nov-11 309.40 -2.46% 5,068.50 -1.55%14-Nov-11 317.20 -2.22% 5,148.35 -0.40%11-Nov-11 324.40 -1.68% 5,168.85 -1.00%9-Nov-11 329.95 -1.54% 5,221.05 -1.29%8-Nov-11 335.10 0.31% 5,289.35 0.10%

4-Nov-11 334.05 1.47% 5,284.20 0.35%3-Nov-11 329.20 4.26% 5,265.75 0.14%2-Nov-11 315.75 -1.16% 5,258.45 0.01%1-Nov-11 319.45 0.52% 5,257.95 -1.29%31-Oct-11 317.80 -2.95% 5,326.60 -0.64%28-Oct-11 327.45 3.35% 5,360.70 3.05%26-Oct-11 316.85 0.59% 5,201.80 0.20%25-Oct-11 315.00 -1.07% 5,191.60 1.83%24-Oct-11 318.40 -0.53% 5,098.35 0.96%21-Oct-11 320.10 0.72% 5,049.95 -0.82%20-Oct-11 317.80 -2.00% 5,091.90 -0.92%19-Oct-11 324.30 0.81% 5,139.15 2.02%18-Oct-11 321.70 -1.20% 5,037.50 -1.58%17-Oct-11 325.60 -2.31% 5,118.25 -0.27%14-Oct-11 333.30 -0.10% 5,132.30 1.07%13-Oct-11 333.65 -1.29% 5,077.85 -0.42%12-Oct-11 338.00 3.44% 5,099.40 2.51%11-Oct-11 326.75 -1.73% 4,974.35 -0.11%10-Oct-11 332.50 2.29% 4,979.60 1.87%7-Oct-11 325.05 3.68% 4,888.05 2.88%5-Oct-11 313.50 -2.78% 4,751.30 -0.44%4-Oct-11 322.45 0.80% 4,772.15 -1.60%3-Oct-11 319.90 -2.45% 4,849.50 -1.90%

30-Sep-11 327.93 -1.60% 4,943.25 -1.44%29-Sep-11 333.26 1.58% 5,015.45 1.41%28-Sep-11 328.08 -0.77% 4,945.90 -0.51%27-Sep-11 330.64 4.21% 4,971.25 2.81%26-Sep-11 317.27 -0.79% 4,835.40 -0.66%23-Sep-11 319.81 -0.29% 4,867.75 -1.14%22-Sep-11 320.75 -1.92% 4,923.65 -4.08%21-Sep-11 327.04 -0.31% 5,133.25 -0.14%20-Sep-11 328.06 -0.88% 5,140.20 2.15%19-Sep-11 330.98 -1.58% 5,031.95 -1.03%16-Sep-11 336.29 -1.87% 5,084.25 0.17%15-Sep-11 342.71 -1.12% 5,075.70 1.26%14-Sep-11 346.59 1.88% 5,012.55 1.45%13-Sep-11 340.20 -0.52% 4,940.95 -0.12%12-Sep-11 341.99 -1.62% 4,946.80 -2.23%9-Sep-11 347.61 -2.09% 5,059.45 -1.82%8-Sep-11 355.03 -0.88% 5,153.25 0.56%7-Sep-11 358.18 1.99% 5,124.65 1.19%6-Sep-11 351.18 2.58% 5,064.30 0.94%5-Sep-11 342.36 -1.51% 5,017.20 -0.45%

2-Sep-11 347.61 -1.71% 5,040.00 0.78%30-Aug-11 353.67 -0.03% 5,001.00 1.65%29-Aug-11 353.76 1.92% 4,919.60 3.62%26-Aug-11 347.10 -0.79% 4,747.80 -1.90%25-Aug-11 349.85 -0.10% 4,839.60 -1.01%24-Aug-11 350.21 -0.57% 4,888.90 -1.21%23-Aug-11 352.23 2.60% 4,948.90 1.02%22-Aug-11 343.32 2.06% 4,898.80 1.10%19-Aug-11 336.39 -4.60% 4,845.65 -1.99%18-Aug-11 352.62 -0.86% 4,944.15 -2.22%17-Aug-11 355.67 0.71% 5,056.60 0.41%16-Aug-11 353.15 2.56% 5,035.80 -0.73%12-Aug-11 344.35 -2.10% 5,072.95 -1.27%11-Aug-11 351.75 -1.67% 5,138.30 -0.44%10-Aug-11 357.72 3.25% 5,161.00 1.74%9-Aug-11 346.47 1.27% 5,072.85 -0.89%8-Aug-11 342.11 -0.05% 5,118.50 -1.78%5-Aug-11 342.27 -4.13% 5,211.25 -2.26%4-Aug-11 357.01 -1.55% 5,331.80 -1.35%3-Aug-11 362.64 0.13% 5,404.80 -0.95%2-Aug-11 362.18 -0.72% 5,456.55 -1.09%1-Aug-11 364.79 -0.85% 5,516.80 0.63%29-Jul-11 367.92 -0.44% 5,482.00 -0.10%28-Jul-11 369.55 1.42% 5,487.75 -1.06%27-Jul-11 364.37 -4.30% 5,546.80 -0.50%26-Jul-11 380.73 -4.76% 5,574.85 -1.86%25-Jul-11 399.77 1.19% 5,680.30 0.82%22-Jul-11 395.08 1.92% 5,633.95 1.67%21-Jul-11 387.65 -0.92% 5,541.60 -0.46%20-Jul-11 391.23 -1.08% 5,567.05 -0.83%19-Jul-11 395.51 -0.01% 5,613.55 0.84%18-Jul-11 395.53 2.51% 5,567.05 -0.25%15-Jul-11 385.85 -0.06% 5,581.10 -0.33%14-Jul-11 386.07 -0.22% 5,599.80 0.26%13-Jul-11 386.92 -0.24% 5,585.45 1.07%12-Jul-11 387.86 -1.15% 5,526.15 -1.60%11-Jul-11 392.39 -1.12% 5,616.10 -0.79%8-Jul-11 396.82 -0.11% 5,660.65 -1.19%7-Jul-11 397.26 1.74% 5,728.95 1.84%6-Jul-11 390.46 0.03% 5,625.45 -0.12%5-Jul-11 390.34 -4.66% 5,632.10 -0.33%4-Jul-11 409.41 -0.16% 5,650.50 0.41%1-Jul-11 410.07 -0.01% 5,627.20 -0.36%

30-Jun-11 410.11 0.30% 5,647.40 0.84%29-Jun-11 408.88 2.04% 5,600.45 0.99%28-Jun-11 400.72 1.83% 5,545.30 0.34%27-Jun-11 393.53 1.02% 5,526.60 1.01%24-Jun-11 389.57 2.58% 5,471.25 2.84%23-Jun-11 379.77 -1.19% 5,320.00 0.79%22-Jun-11 384.35 0.72% 5,278.30 0.05%21-Jun-11 381.62 -0.59% 5,275.85 0.34%20-Jun-11 383.89 -0.92% 5,257.90 -2.02%17-Jun-11 387.44 -0.04% 5,366.40 -0.56%16-Jun-11 387.61 0.44% 5,396.75 -0.93%15-Jun-11 385.91 -0.82% 5,447.50 -0.96%14-Jun-11 389.12 1.07% 5,500.50 0.32%13-Jun-11 385.00 0.03% 5,482.80 -0.05%10-Jun-11 384.89 -0.45% 5,485.80 -0.64%9-Jun-11 386.64 1.07% 5,521.05 -0.10%8-Jun-11 382.55 0.25% 5,526.85 -0.53%7-Jun-11 381.61 -0.33% 5,556.15 0.44%6-Jun-11 382.86 0.13% 5,532.05 0.28%3-Jun-11 382.36 -1.09% 5,516.75 -0.61%2-Jun-11 386.58 -1.02% 5,550.35 -0.74%1-Jun-11 390.56 0.50% 5,592.00 0.57%

31-May-11 388.63 0.59% 5,560.15 1.59%30-May-11 386.34 -0.27% 5,473.10 -0.05%27-May-11 387.38 0.72% 5,476.10 1.18%26-May-11 384.62 0.34% 5,412.35 1.19%25-May-11 383.33 -1.38% 5,348.95 -0.85%24-May-11 388.68 0.60% 5,394.85 0.15%23-May-11 386.35 -7.04% 5,386.55 -1.82%20-May-11 415.60 0.77% 5,486.35 1.07%19-May-11 412.42 -0.11% 5,428.10 0.14%18-May-11 412.87 0.43% 5,420.60 -0.34%17-May-11 411.11 0.23% 5,438.95 -1.09%16-May-11 410.17 0.97% 5,499.00 -0.83%13-May-11 406.21 0.53% 5,544.75 1.07%12-May-11 404.05 -1.88% 5,486.15 -1.42%11-May-11 411.78 1.13% 5,565.05 0.43%10-May-11 407.18 -0.79% 5,541.25 -0.18%9-May-11 410.43 -0.44% 5,551.10 -0.01%6-May-11 412.23 3.04% 5,551.45 1.68%5-May-11 400.06 -1.28% 5,459.85 -1.40%4-May-11 405.25 0.59% 5,537.15 -0.50%3-May-11 402.88 0.17% 5,565.25 -2.39%

2-May-11 402.18 0.51% 5,701.30 -0.84%29-Apr-11 400.12 0.51% 5,749.50 -0.62%28-Apr-11 398.08 -1.25% 5,785.45 -0.83%27-Apr-11 403.11 -2.63% 5,833.90 -0.59%26-Apr-11 414.00 -0.20% 5,868.40 -0.10%25-Apr-11 414.85 0.71% 5,874.50 -0.17%21-Apr-11 411.93 -4.26% 5,884.70 0.56%20-Apr-11 430.28 0.89% 5,851.65 1.93%19-Apr-11 426.48 -2.26% 5,740.75 0.20%18-Apr-11 436.32 -2.08% 5,729.10 -1.64%15-Apr-11 445.58 -0.16% 5,824.55 -1.47%13-Apr-11 446.28 1.56% 5,911.50 2.17%11-Apr-11 439.41 -0.20% 5,785.70 -0.96%8-Apr-11 440.29 0.29% 5,842.00 -0.74%7-Apr-11 439.03 -0.14% 5,885.70 -0.10%6-Apr-11 439.65 -0.56% 5,891.75 -0.31%5-Apr-11 442.12 1.70% 5,910.05 0.03%4-Apr-11 434.75 2.16% 5,908.45 1.41%1-Apr-11 425.54 3.15% 5,826.05 -0.13%

31-Mar-11 412.53 0.07% 5,833.75 0.80%30-Mar-11 412.24 -0.36% 5,787.65 0.89%29-Mar-11 413.72 -1.31% 5,736.35 0.86%28-Mar-11 419.20 0.24% 5,687.25 0.58%25-Mar-11 418.19 2.08% 5,654.25 2.39%24-Mar-11 409.66 2.71% 5,522.40 0.77%23-Mar-11 398.86 2.43% 5,480.25 1.23%22-Mar-11 389.41 1.40% 5,413.85 0.92%21-Mar-11 384.03 -0.07% 5,364.75 -0.17%18-Mar-11 384.30 -2.16% 5,373.70 -1.34%17-Mar-11 392.80 2.11% 5,446.65 -1.17%16-Mar-11 384.69 0.32% 5,511.15 1.13%15-Mar-11 383.46 -2.96% 5,449.65 -1.48%14-Mar-11 395.15 0.33% 5,531.50 1.58%11-Mar-11 393.86 -4.03% 5,445.45 -0.89%10-Mar-11 410.40 0.48% 5,494.40 -0.66%9-Mar-11 408.45 0.45% 5,531.00 0.18%8-Mar-11 406.63 0.48% 5,520.80 1.06%7-Mar-11 404.67 -2.98% 5,463.15 -1.36%4-Mar-11 417.08 -1.93% 5,538.75 0.05%3-Mar-11 425.29 3.32% 5,536.20 0.25%1-Mar-11 411.61 2.85% 5,522.30 3.54%28-Feb-11 400.22 1.40% 5,333.25 0.56%25-Feb-11 394.69 -1.24% 5,303.55 0.78%

24-Feb-11 399.63 -2.00% 5,262.70 -3.21%23-Feb-11 407.77 -1.87% 5,437.35 -0.58%22-Feb-11 415.52 -1.68% 5,469.20 -0.90%21-Feb-11 422.60 0.81% 5,518.60 1.09%18-Feb-11 419.22 0.67% 5,458.95 -1.58%17-Feb-11 416.41 1.66% 5,546.45 1.18%16-Feb-11 409.61 -1.09% 5,481.70 0.01%15-Feb-11 414.12 -2.69% 5,481.00 0.46%14-Feb-11 425.55 4.51% 5,456.00 2.75%11-Feb-11 407.19 -0.33% 5,310.00 1.61%10-Feb-11 408.55 -2.05% 5,225.80 -0.53%9-Feb-11 417.12 -4.58% 5,253.55 -1.11%8-Feb-11 437.16 -0.36% 5,312.55 -1.55%7-Feb-11 438.73 0.27% 5,396.00 0.00%4-Feb-11 437.54 -0.16% 5,395.75 -2.37%3-Feb-11 438.23 2.46% 5,526.75 1.74%2-Feb-11 427.72 -2.70% 5,432.00 0.27%1-Feb-11 439.58 -0.93% 5,417.20 -1.61%31-Jan-11 443.71 3.09% 5,505.90 -0.11%28-Jan-11 430.43 -3.67% 5,512.15 -1.64%27-Jan-11 446.83 -2.45% 5,604.30 -1.46%25-Jan-11 458.03 0.95% 5,687.40 -0.97%24-Jan-11 453.71 2.78% 5,743.25 0.82%21-Jan-11 441.45 1.46% 5,696.50 -0.26%20-Jan-11 435.11 -0.28% 5,711.60 0.36%19-Jan-11 436.33 -0.49% 5,691.05 -0.58%18-Jan-11 438.50 0.30% 5,724.05 1.23%17-Jan-11 437.20 -0.40% 5,654.75 0.00%14-Jan-11 438.97 -1.54% 5,654.55 -1.69%13-Jan-11 445.83 -0.40% 5,751.90 -1.90%12-Jan-11 447.61 0.49% 5,863.25 1.90%11-Jan-11 445.43 2.06% 5,754.10 -0.15%10-Jan-11 436.42 -4.72% 5,762.85 -2.40%7-Jan-11 458.02 -0.79% 5,904.60 -2.38%6-Jan-11 461.68 0.13% 6,048.25 -0.52%5-Jan-11 461.07 -1.12% 6,079.80 -1.08%4-Jan-11 466.27 -0.53% 6,146.35 -0.18%3-Jan-11 468.76 0.86% 6,157.60 0.38%

31-Dec-10 464.74 -0.59% 6,134.50 0.54%30-Dec-10 467.52 1.43% 6,101.85 0.68%29-Dec-10 460.91 0.33% 6,060.35 1.07%28-Dec-10 459.39 0.24% 5,996.00 -0.04%27-Dec-10 458.28 0.24% 5,998.10 -0.22%

24-Dec-10 457.19 -0.76% 6,011.60 0.53%23-Dec-10 460.71 -0.88% 5,980.00 -0.07%22-Dec-10 464.78 0.05% 5,984.40 -0.27%21-Dec-10 464.57 0.38% 6,000.65 0.90%20-Dec-10 462.80 0.22% 5,947.05 -0.03%16-Dec-10 461.78 -0.39% 5,948.75 0.96%15-Dec-10 463.60 -0.68% 5,892.30 -0.87%14-Dec-10 466.77 -0.28% 5,944.10 0.62%13-Dec-10 468.06 2.29% 5,907.65 0.86%10-Dec-10 457.56 2.74% 5,857.35 1.58%9-Dec-10 445.36 -0.58% 5,766.50 -2.32%8-Dec-10 447.95 0.00% 5,903.70 -1.22%7-Dec-10 447.97 0.05% 5,976.55 -0.26%6-Dec-10 447.73 1.18% 5,992.25 -0.01%3-Dec-10 442.51 -0.01% 5,992.80 -0.31%2-Dec-10 442.56 0.07% 6,011.70 0.85%1-Dec-10 442.26 0.33% 5,960.90 1.67%30-Nov-10 440.80 2.33% 5,862.70 0.56%29-Nov-10 430.78 2.72% 5,830.00 1.36%26-Nov-10 419.37 -2.28% 5,751.95 -0.82%25-Nov-10 429.16 -2.36% 5,799.75 -1.13%24-Nov-10 439.55 -2.61% 5,865.75 -1.16%23-Nov-10 451.31 -0.60% 5,934.75 -1.25%22-Nov-10 454.04 0.75% 6,010.00 2.03%19-Nov-10 450.65 -2.72% 5,890.30 -1.81%18-Nov-10 463.24 -0.73% 5,998.80 0.17%16-Nov-10 466.65 -2.75% 5,988.70 -2.17%15-Nov-10 479.85 0.43% 6,121.60 0.82%12-Nov-10 477.80 -1.14% 6,071.65 -1.98%11-Nov-10 483.29 -2.62% 6,194.25 -1.30%10-Nov-10 496.30 -1.70% 6,275.70 -0.41%9-Nov-10 504.86 -0.08% 6,301.55 0.45%8-Nov-10 505.27 -0.50% 6,273.20 -0.62%5-Nov-10 507.80 0.55% 6,312.45 0.49%4-Nov-10 505.03 1.64% 6,281.80 1.97%3-Nov-10 496.89 1.01% 6,160.50 0.68%2-Nov-10 491.92 -0.23% 6,119.00 0.02%1-Nov-10 493.05 0.81% 6,117.55 1.66%29-Oct-10 489.11 -0.08% 6,017.70 0.50%28-Oct-10 489.51 -1.49% 5,987.70 -0.41%27-Oct-10 496.89 -0.20% 6,012.65 -1.14%26-Oct-10 497.88 -1.47% 6,082.00 -0.39%25-Oct-10 505.31 0.02% 6,105.80 0.66%

22-Oct-10 505.22 -0.60% 6,066.05 -0.58%21-Oct-10 508.28 1.70% 6,101.50 2.00%20-Oct-10 499.80 -0.16% 5,982.10 -0.75%19-Oct-10 500.59 -0.68% 6,027.30 -0.80%18-Oct-10 504.04 -0.18% 6,075.95 0.22%15-Oct-10 504.97 -1.48% 6,062.65 -1.86%14-Oct-10 512.55 -0.99% 6,177.35 -0.91%13-Oct-10 517.67 1.76% 6,233.90 2.35%12-Oct-10 508.71 -1.22% 6,090.90 -0.73%11-Oct-10 515.00 -0.24% 6,135.85 0.53%8-Oct-10 516.25 -0.93% 6,103.45 -0.28%7-Oct-10 521.12 -2.33% 6,120.30 -1.07%6-Oct-10 533.53 0.75% 6,186.45 0.66%5-Oct-10 529.54 1.09% 6,145.80 -0.22%4-Oct-10 523.82 1.10% 6,159.45 0.26%1-Oct-10 518.14 4.53% 6,143.40 1.88%

30-Sep-10 495.70 0.04% 6,029.95 0.65%29-Sep-10 495.48 -0.16% 5,991.30 -0.63%28-Sep-10 496.27 0.56% 6,029.50 -0.10%27-Sep-10 493.52 0.42% 6,035.65 0.29%24-Sep-10 491.44 0.37% 6,018.30 0.99%23-Sep-10 489.62 -0.86% 5,959.55 -0.52%22-Sep-10 493.88 -0.40% 5,991.00 -0.30%21-Sep-10 495.87 1.51% 6,009.05 0.48%20-Sep-10 488.51 -0.04% 5,980.45 1.62%17-Sep-10 488.72 -0.57% 5,884.95 0.97%16-Sep-10 491.51 -0.65% 5,828.70 -0.55%15-Sep-10 494.73 -1.15% 5,860.95 1.13%14-Sep-10 500.49 0.35% 5,795.55 0.62%13-Sep-10 498.74 0.67% 5,760.00 2.13%9-Sep-10 495.44 1.53% 5,640.05 0.57%8-Sep-10 487.95 0.23% 5,607.85 0.07%7-Sep-10 486.81 -0.43% 5,604.00 0.49%6-Sep-10 488.90 2.44% 5,576.95 1.78%3-Sep-10 477.25 -0.48% 5,479.40 -0.12%2-Sep-10 479.54 -0.95% 5,486.15 0.26%1-Sep-10 484.12 0.58% 5,471.85 1.29%

31-Aug-10 481.32 -1.49% 5,402.40 -0.24%30-Aug-10 488.58 -1.18% 5,415.45 0.12%27-Aug-10 494.41 -0.61% 5,408.70 -1.26%26-Aug-10 497.45 0.81% 5,477.90 0.28%25-Aug-10 493.43 -0.66% 5,462.35 -0.78%24-Aug-10 496.73 -1.04% 5,505.10 -0.69%

23-Aug-10 501.96 1.63% 5,543.50 0.23%20-Aug-10 493.90 -0.38% 5,530.65 -0.17%19-Aug-10 495.79 0.27% 5,540.20 1.11%18-Aug-10 494.44 -0.12% 5,479.15 1.20%17-Aug-10 495.03 0.26% 5,414.15 -0.08%16-Aug-10 493.77 -1.12% 5,418.30 -0.62%13-Aug-10 499.35 0.15% 5,452.10 0.66%12-Aug-10 498.59 -0.23% 5,416.45 -0.08%11-Aug-10 499.75 -0.04% 5,420.60 -0.73%10-Aug-10 499.95 -1.21% 5,460.70 -0.46%9-Aug-10 506.05 0.90% 5,486.15 0.86%6-Aug-10 501.52 -0.69% 5,439.25 -0.14%5-Aug-10 504.98 0.25% 5,447.10 -0.38%4-Aug-10 503.72 2.06% 5,467.85 0.52%3-Aug-10 493.53 0.56% 5,439.55 0.15%2-Aug-10 490.76 0.65% 5,431.65 1.19%30-Jul-10 487.58 -0.97% 5,367.60 -0.76%29-Jul-10 492.38 0.02% 5,408.90 0.21%28-Jul-10 492.27 0.48% 5,397.55 -0.61%27-Jul-10 489.91 -0.88% 5,430.60 0.22%26-Jul-10 494.27 0.45% 5,418.60 -0.56%23-Jul-10 492.04 1.78% 5,449.10 0.13%22-Jul-10 483.45 0.46% 5,441.95 0.79%21-Jul-10 481.26 -0.31% 5,399.35 0.58%20-Jul-10 482.76 -0.07% 5,368.00 -0.34%19-Jul-10 483.10 -0.92% 5,386.45 -0.14%16-Jul-10 487.57 -0.03% 5,393.90 0.28%15-Jul-10 487.72 -1.18% 5,378.75 -0.14%14-Jul-10 493.56 -0.07% 5,386.15 -0.27%13-Jul-10 493.91 1.04% 5,400.65 0.33%12-Jul-10 488.85 2.12% 5,383.00 0.57%9-Jul-10 478.71 0.29% 5,352.45 1.05%8-Jul-10 477.31 0.65% 5,296.85 1.06%7-Jul-10 474.25 0.03% 5,241.10 -0.91%6-Jul-10 474.12 0.47% 5,289.05 1.02%5-Jul-10 471.92 -1.35% 5,235.90 -0.02%2-Jul-10 478.38 -1.47% 5,237.10 -0.27%1-Jul-10 485.54 -1.30% 5,251.40 -1.15%

30-Jun-10 491.94 0.83% 5,312.50 1.07%29-Jun-10 487.89 -1.56% 5,256.15 -1.45%28-Jun-10 495.63 1.07% 5,333.50 1.22%25-Jun-10 490.38 -0.11% 5,269.05 -0.97%24-Jun-10 490.90 0.82% 5,320.60 -0.05%

23-Jun-10 486.92 0.03% 5,323.15 0.12%22-Jun-10 486.78 -1.11% 5,316.55 -0.69%21-Jun-10 492.26 1.83% 5,353.30 1.72%18-Jun-10 483.43 1.44% 5,262.60 -0.23%17-Jun-10 476.55 -0.40% 5,274.85 0.79%16-Jun-10 478.47 -0.40% 5,233.35 0.21%15-Jun-10 480.41 0.92% 5,222.35 0.47%14-Jun-10 476.05 -0.52% 5,197.70 1.53%11-Jun-10 478.55 2.92% 5,119.35 0.80%10-Jun-10 464.97 1.39% 5,078.60 1.57%9-Jun-10 458.61 0.72% 5,000.30 0.26%8-Jun-10 455.34 0.27% 4,987.10 -0.93%7-Jun-10 454.11 -2.63% 5,034.00 -1.98%4-Jun-10 466.36 -0.49% 5,135.50 0.49%3-Jun-10 468.66 0.94% 5,110.50 1.81%2-Jun-10 464.29 0.31% 5,019.85 1.00%1-Jun-10 462.87 -1.66% 4,970.20 -2.28%

31-May-10 470.68 1.49% 5,086.30 0.39%28-May-10 463.79 0.98% 5,066.55 1.27%27-May-10 459.27 1.81% 5,003.10 1.74%26-May-10 451.09 -0.33% 4,917.40 2.30%25-May-10 452.59 -1.69% 4,806.75 -2.78%24-May-10 460.38 0.56% 4,943.95 0.26%21-May-10 457.83 -0.42% 4,931.15 -0.33%20-May-10 459.74 0.33% 4,947.60 0.57%19-May-10 458.22 -1.68% 4,919.65 -2.89%18-May-10 466.04 0.49% 5,066.20 0.12%17-May-10 463.75 -1.72% 5,059.90 -0.66%14-May-10 471.86 -0.90% 5,093.50 -1.65%13-May-10 476.13 0.31% 5,178.90 0.43%12-May-10 474.67 -1.08% 5,156.65 0.40%11-May-10 479.87 -1.62% 5,136.15 -1.11%10-May-10 487.79 2.38% 5,193.60 3.50%7-May-10 476.43 -1.39% 5,018.05 -1.43%6-May-10 483.17 -1.25% 5,090.85 -0.66%5-May-10 489.28 -0.42% 5,124.90 -0.46%4-May-10 491.33 -0.48% 5,148.50 -1.42%3-May-10 493.70 -0.95% 5,222.75 -1.05%30-Apr-10 498.45 -0.32% 5,278.00 0.45%29-Apr-10 500.07 1.21% 5,254.15 0.74%28-Apr-10 494.07 -0.26% 5,215.45 -1.75%27-Apr-10 495.36 -1.32% 5,308.35 -0.26%26-Apr-10 501.98 1.18% 5,322.45 0.35%

23-Apr-10 496.15 0.43% 5,304.10 0.66%22-Apr-10 494.01 0.47% 5,269.35 0.47%21-Apr-10 491.72 -1.56% 5,244.90 0.28%20-Apr-10 499.49 1.12% 5,230.10 0.51%19-Apr-10 493.97 -0.95% 5,203.65 -1.12%16-Apr-10 498.71 -1.41% 5,262.60 -0.21%15-Apr-10 505.82 -1.32% 5,273.60 -0.93%13-Apr-10 512.57 1.42% 5,322.95 -0.31%12-Apr-10 505.39 -1.43% 5,339.70 -0.41%9-Apr-10 512.74 2.86% 5,361.75 1.08%8-Apr-10 498.49 -1.68% 5,304.45 -1.31%7-Apr-10 507.02 0.55% 5,374.65 0.16%6-Apr-10 504.23 2.31% 5,366.00 -0.04%5-Apr-10 492.85 2.01% 5,368.40 1.47%1-Apr-10 483.16 5,290.50

Name: Abhishek NavaleRoll No: 15P062

Cost of Equity Calculation WACC CalculationCost of Equity Interest Average Debt Cost of Debt D/(D+E)

17.83% 92.59 1,992.25 3.25% 0.0655.65% 92.43 3,289.95 1.97% 0.0533.52% 133.46 3,695.59 2.53% 0.1213.23% 127.61 1,564.80 5.71% 0.08-14.00% 53.07 341.62 10.87% 0.0214.96% 56.38 200.02 19.73% 0.01

NIFTY* 365

-5.59%660.30%-3.28%

-807.16%-51.91%-33.94%-85.17%

-269.48%-215.36%-156.49%381.14%-61.62%

-533.40%319.06%-50.69%

-186.32%-739.17%61.77%

-298.61%160.97%225.10%236.26%675.67%-347.21%21.45%29.81%

-324.98%

-253.17%107.82%247.56%15.96%

393.64%356.01%263.56%167.81%-567.66%-212.21%-50.21%

-136.93%-169.48%-47.65%

-584.87%155.80%15.57%

309.41%309.12%133.38%142.30%618.53%158.20%84.44%

955.10%-96.09%

-103.50%169.62%221.18%596.91%-113.40%

-1093.68%-74.13%491.06%

5.73%152.45%

8.63%202.96%118.78%-410.17%-249.94%438.43%294.80%

588.65%-171.02%-674.97%-19.97%

-302.81%-274.11%65.42%

-421.96%-427.70%-111.23%114.36%55.45%

-133.10%-137.49%404.14%79.45%54.56%

-286.90%227.34%327.77%85.35%

-188.87%-21.00%177.72%139.97%-110.81%90.13%80.49%31.74%-5.69%62.05%8.55%

683.60%355.28%285.77%163.96%-104.06%85.13%

313.77%223.97%467.76%148.39%-537.47%

-93.75%112.84%-461.26%548.48%-45.09%

-427.91%-88.22%27.06%-45.57%262.96%-413.01%-68.97%

-576.87%111.68%30.14%

637.28%196.01%-495.17%-285.95%89.38%-37.88%

-263.47%-93.55%392.90%-41.03%-83.89%142.47%251.66%336.58%84.17%

144.53%-7.16%

-31.83%102.22%73.23%

-102.60%107.77%386.70%245.94%59.05%

483.89%276.82%-385.08%

-108.47%-351.03%298.80%389.12%-561.12%-328.39%201.14%-195.61%-187.15%163.17%131.10%397.34%96.68%

112.03%76.84%

474.03%355.00%-26.67%

-521.62%-83.01%

-182.90%-768.47%167.39%174.11%-48.90%432.42%111.97%498.49%75.99%

-366.72%-52.73%423.05%-87.95%

-141.58%-84.51%

-351.53%475.54%-41.38%

-514.35%110.31%-140.87%

8.58%342.70%

533.77%354.29%-66.94%264.49%669.17%-28.75%

-468.10%58.11%

-203.60%-39.88%454.97%118.26%-113.38%60.05%

306.83%409.16%73.94%0.00%

491.75%827.25%

1090.37%40.05%

-341.07%86.90%24.81%-8.72%

-102.46%-248.33%-115.70%-309.73%136.30%-12.31%205.94%569.21%-313.33%-232.69%-107.95%

1.07%551.45%

3.82%-226.23%-88.92%171.07%

91.74%45.24%

297.58%223.10%64.53%34.65%

497.91%9.56%

56.86%-229.10%41.45%69.87%62.40%

-133.30%28.03%

-141.54%59.28%

715.61%418.14%177.92%448.81%-322.73%223.20%228.12%82.31%

181.75%383.49%-363.65%152.80%323.33%150.57%287.38%-497.35%128.23%55.77%-58.69%162.66%84.24%

130.77%-5.47%

-525.67%94.95%

-277.62%

-35.75%-57.11%

-762.41%-453.83%38.58%

145.39%57.03%

246.57%-330.69%-11.55%462.25%-179.80%599.12%18.34%-36.95%73.15%

-172.14%-115.77%-58.67%

-466.27%-13.61%74.84%

-131.23%202.88%61.14%-93.51%59.63%

636.88%-296.48%464.35%-92.81%-81.07%

-401.75%-409.97%-143.80%-178.09%606.40%109.95%474.84%-240.71%-93.92%246.74%504.79%

209.40%-12.05%

-335.73%729.95%-21.90%

-738.30%-473.36%84.63%

800.68%405.55%-172.55%-364.77%-368.22%-274.31%-163.85%-221.81%-370.93%58.74%46.65%

277.03%180.71%716.71%-260.17%-115.17%-82.71%

-143.87%-12.65%92.00%

866.34%-258.96%-141.22%98.79%

456.18%82.02%

486.70%137.50%-7.11%

-14.82%818.72%284.79%-612.59%-304.36%52.20%

-115.22%16.73%

-742.80%-617.43%1337.01%307.28%60.31%-62.70%-0.62%

-385.48%101.51%

1390.18%570.71%970.43%728.78%

-1376.29%526.64%423.43%856.73%-16.91%

-1259.99%31.69%

427.19%728.96%-668.31%-89.65%

-616.96%-1490.24%275.38%565.15%306.59%307.85%-152.46%-919.02%48.21%

-318.30%-89.95%-82.77%

-479.44%-338.26%-131.60%-505.72%-524.28%

278.36%15.74%-53.50%395.66%110.63%-457.25%132.42%454.47%742.96%-263.52%298.01%-350.51%193.54%417.76%-539.94%-255.55%353.93%

1026.78%611.63%-132.75%123.08%-498.46%75.83%

-1042.86%54.31%

-227.42%261.73%700.01%-387.17%-180.33%-553.90%-18.62%

-249.03%-15.10%27.13%

-121.99%-284.45%-823.09%118.09%-41.51%168.61%607.57%100.93%

-763.30%-117.01%-253.73%-179.34%102.94%137.47%921.42%91.24%

-757.82%74.86%

269.07%-115.17%155.52%443.18%166.10%-336.75%425.61%161.35%202.97%-276.70%496.51%15.64%

323.78%605.69%-1.60%

790.19%263.09%-427.05%231.79%422.45%-315.09%-67.70%

-140.77%-631.51%-477.51%279.62%140.35%264.94%50.21%

-113.03%-47.73%

-228.51%-327.46%

-558.58%-232.14%-224.54%360.25%-388.20%-173.52%-20.57%512.95%280.40%216.76%549.25%-135.29%170.86%-653.89%225.22%-582.28%27.76%-12.16%

-557.66%20.59%

256.82%66.96%-59.11%

-221.47%64.40%

152.55%-34.93%

-216.95%-124.95%14.09%

-185.02%-70.88%

-216.83%-126.57%35.29%

-149.61%0.90%

335.33%-210.71%35.00%

-202.83%107.74%152.30%

227.14%-329.95%197.22%446.18%-106.10%-17.42%

-183.66%81.07%

-168.36%40.39%98.97%

260.06%282.79%-20.08%237.84%-219.41%310.72%50.25%

-423.83%-81.25%203.03%242.38%-134.71%175.28%-226.27%-66.83%-62.39%9.27%

-144.62%188.05%69.72%

113.77%-55.25%343.70%621.67%592.91%60.33%-7.46%84.18%

283.34%0.98%

-17.35%-369.15%

-231.55%-107.57%-16.37%

-333.91%-135.29%227.63%129.26%41.64%

340.43%164.65%142.14%-436.15%

8.38%-262.30%89.14%

-164.40%211.26%-219.88%376.91%79.17%

-251.90%72.02%

-204.62%360.99%-335.59%183.91%-450.62%-256.36%358.87%79.46%99.20%

347.59%-89.91%-67.22%27.68%

-138.21%899.64%-298.52%-64.74%211.70%955.59%29.23%

277.64%

180.68%32.35%

113.42%722.56%88.71%

-334.27%140.69%-32.97%

-388.35%188.10%-320.21%-106.77%-246.98%-193.10%16.86%-54.87%372.05%22.80%

-118.04%221.47%188.66%-17.49%

-102.91%8.89%

374.15%467.82%-84.13%-88.80%80.27%

204.97%715.35%411.47%-475.75%-132.39%73.10%

-611.13%-261.77%184.73%164.83%-30.90%

-209.48%-55.78%

-488.73%

-266.65%485.73%-286.95%-70.91%170.37%100.78%64.65%-2.07%

919.74%51.46%

150.40%43.89%

-222.71%-133.92%316.85%119.43%285.41%-531.27%608.72%-475.36%39.60%

446.31%-102.62%135.17%383.84%

1004.19%114.06%49.38%

-612.63%-195.37%-287.82%32.58%

484.03%-7.42%

647.25%-186.61%-338.88%108.95%159.26%89.78%

-624.36%260.30%-156.25%

-270.50%-66.77%

-183.60%-815.05%195.89%-714.40%-353.56%-62.59%274.33%129.39%11.25%-91.21%

-144.32%154.76%-622.61%-284.41%223.13%71.07%

443.49%131.42%-480.04%349.16%-116.59%64.15%

-606.86%-242.49%278.66%154.05%822.49%-111.72%-336.93%414.69%-649.69%347.31%-928.67%623.46%123.59%-417.65%-424.66%-557.13%231.26%476.38%177.93%

790.77%-13.63%

-400.57%-538.37%

0.34%133.98%-308.05%65.86%

651.74%-995.64%-359.46%-146.19%-662.67%281.08%279.93%-65.98%781.08%175.04%58.33%

-207.37%300.53%225.77%-180.40%245.35%387.52%238.42%255.89%803.21%-823.31%328.33%220.32%586.60%-16.99%219.65%461.06%-84.50%699.46%59.26%

262.54%-223.01%85.80%

821.53%-31.53%

-55.28%31.89%2.31%

-119.87%1011.93%

98.27%-172.43%-461.89%-343.45%-217.67%503.29%-153.05%316.54%

1196.40%-545.15%-302.10%-728.64%-129.50%-283.98%275.78%-765.74%-568.14%-857.60%169.86%-79.50%837.67%791.63%204.71%-347.60%1094.60%-356.06%387.77%-803.21%259.71%-948.25%-214.13%-694.38%-274.01%-566.11%-144.76%-364.93%-471.32%35.57%

127.89%50.67%3.47%

-470.42%-232.18%1114.97%

71.71%667.59%349.83%-300.71%-335.59%736.52%-575.86%-99.92%391.39%-154.25%917.57%-38.48%683.62%

1050.53%-159.47%-582.18%-692.23%-525.44%513.27%-186.13%1025.46%-242.57%-414.40%

-1490.36%-49.35%785.21%-375.46%61.48%

459.84%528.93%-43.16%

-812.68%-664.38%203.70%434.96%342.65%-165.12%

284.64%603.93%

1320.76%-692.35%-368.07%-442.52%373.29%400.35%-727.17%-811.70%150.76%-267.30%-464.21%-160.54%634.25%-325.53%-649.63%-825.25%-492.99%-346.17%-398.62%231.70%-38.24%

-388.57%-183.65%-677.59%300.28%608.27%-166.86%-302.35%304.87%-91.89%

-121.89%93.77%

391.67%-584.60%-287.26%-435.15%671.55%-43.10%

-118.86%151.13%-130.56%

305.99%363.01%123.50%369.25%

1037.71%288.36%16.95%

124.61%-737.97%-205.27%-340.04%-351.70%117.83%-19.96%

-233.04%-38.30%

-192.48%159.01%101.23%-220.96%-271.86%209.08%580.53%-20.00%429.92%432.63%-310.55%56.24%

-663.96%391.69%50.50%

-123.14%-398.59%-301.16%389.87%-517.49%156.77%-64.77%-2.30%

612.36%-509.55%-184.30%-871.00%

-305.99%-226.81%-303.13%-214.58%-37.90%-63.27%206.15%705.11%74.22%

-598.14%-536.86%793.63%-351.75%-271.00%-37.48%

-113.02%9.88%

516.23%-48.18%290.73%326.42%315.12%213.03%871.46%280.73%447.67%334.06%-60.79%

-488.86%-427.18%411.91%-540.09%576.78%-325.18%-241.53%67.44%

385.17%-498.20%16.81%91.87%

1293.83%204.40%283.32%

-1172.40%-212.56%-326.73%398.84%-575.82%431.14%

4.66%167.25%

1003.58%588.10%-192.80%-405.36%-564.48%

1.69%-865.16%636.67%99.72%

-588.01%-41.39%

-600.16%-533.31%-354.94%299.55%-96.50%131.80%-210.43%447.31%

1.29%-617.76%-693.18%692.37%-55.42%

-876.24%-866.90%-189.41%-395.21%-66.69%137.44%195.31%249.94%391.72%-12.78%-81.97%

192.88%-26.84%-98.84%328.97%-10.43%349.68%-318.08%225.20%313.44%575.05%-848.25%-444.91%-95.63%-3.35%

-114.75%311.06%611.37%204.73%495.28%-300.82%-410.69%-424.36%-457.01%741.74%-660.17%61.56%

-792.42%300.28%-722.43%-473.72%-149.73%164.95%-226.95%178.09%718.68%247.55%

8.65%605.63%182.87%-151.46%-416.19%-142.27%239.18%

-212.07%728.52%-273.72%-292.25%80.07%

-677.73%-331.10%856.93%-267.39%193.76%-100.49%-390.28%241.42%-80.89%95.36%

686.73%235.46%-231.25%-37.19%105.22%359.82%-191.61%-109.64%174.55%592.32%352.24%-200.84%411.88%225.27%776.27%209.58%25.08%

177.04%649.81%-44.91%95.39%

469.22%-87.96%45.55%

-461.09%103.91%-283.44%-252.84%

84.80%-62.92%406.69%438.20%-27.96%

-226.28%240.24%-27.94%

-268.03%-169.32%314.72%-52.60%

-138.51%189.90%53.09%

435.54%-278.70%76.75%

-222.13%80.83%

-204.30%47.96%

287.98%213.17%-125.02%-50.41%102.81%-50.15%-98.00%119.68%208.33%383.13%388.25%-330.91%370.51%-8.36%

-99.39%-419.79%391.31%-529.35%446.46%-353.64%-17.48%

45.31%-250.57%629.07%-84.77%289.44%76.88%

173.10%558.62%292.87%571.56%96.61%

-340.06%-721.40%178.55%659.13%364.62%-833.15%142.28%462.90%636.12%840.22%

-1012.91%94.74%

-121.36%207.37%

-1055.84%45.45%

-240.78%-601.88%157.49%145.68%-403.75%1276.91%-521.96%-242.51%-167.31%-518.91%-382.08%165.68%270.84%-638.78%-96.69%126.27%

240.71%170.15%103.29%185.53%-408.86%-76.13%

-338.40%-114.50%-150.10%394.28%-476.74%58.84%-16.32%537.44%

0.00%

WACC CalculationE/(D+E) WACC

0.94 16.89%0.95 52.85%0.88 29.68%0.92 12.62%0.98 -13.58%0.99 15.02%

FY 15 FY 14 FY 13 FY 12

EBIT 2,279.72 5,211.14 9,658.32 10,420.30

%Change -0.56 -0.46 -0.07 0.14

Sales 32,195.83 41,523.11 51,482.37 50,653.84

%Change -0.22 -0.19 0.02 0.14

PBT 2,187.29 5,077.68 9,530.71 10,367.23

%Change -0.57 -0.47 -0.08 0.14

DoOL 2.50 2.38 -4.47 1.00

DoFL 1.01 1.01 1.10 1.01

DoCL 2.53 2.42 -4.93 1.00

FY 11 FY 10 Overall

9,121.74 6,657.44

0.37 -0.75

44,319.31 34,907.24

0.27 -0.27

9,065.36 6,620.75

0.37 -0.76

1.37 2.74

1.00 1.01

1.37 2.77

Company : Bharat Heavy Electricals Ltd

Industry : Electric Equipment - General - Large

Company >> Finance >> Balance Sheet Consolidated (Rs in Crs.)

489.52 489.52 489.52 489.5233,717.08 32,667.35 30,043.21 24,913.54

0 0 0 00 13.36 15.64 0

### ### ### ###2.23 4.18 4.7 4.97

1,768.37 4,520.21 2,493.06 242.99118.46 172.86 205.04 188.51

1,886.83 4,693.07 2,698.10 431.50 0 0 0

12,129.11 14,110.64 11,769.42 12,598.54### ### ### ###

12,695.82 12,099.91 11,083.90 10,017.158,467.98 7,373.35 6,420.23 5,502.14

0 0 0 04,227.84 4,726.56 4,663.67 4,515.01

2.24 2.84 3.35 3.642,622.30 2,930.82 2,466.68 1,763.41

0 0 0 05.91 5.91 5.94 5.94

10,248.88 9,895.43 11,934.48 13,702.1026,520.12 28,198.55 29,370.29 26,551.33

9,948.90 12,019.97 7,852.50 6,734.332,460.02 2,367.88 2,319.01 2,300.03

49,177.92 52,481.83 51,476.28 49,287.79

18,342.63 20,425.36 23,705.37 26,321.974,458.27 2,927.74 3,092.40 2,738.94

22,800.90 23,353.10 26,797.77 29,060.9126,377.02 29,128.73 24,678.51 20,226.88

0 0 0 02,173.04 2,024.50 1,670.82 1,689.58

-56.38 48.58 115.02 140.12,229.42 1,975.92 1,555.80 1,549.48

12,760.04 13,207.34 11,646.64 10,373.71### ### ### ###

52,708.53 53,127.05 3,697.95 5,947.37http://www.capitaline.com

Year Mar 15 Mar 14 Mar 13 Mar 12 SOURCES OF FUNDS : Share Capital + Reserves Total + Equity Share Warrants Equity Application Money Total Shareholders Funds Minority Interest Secured Loans + Unsecured Loans + Total Debt Policy Holders Fund Other Liabilities+ Total Liabilities APPLICATION OF FUNDS : Gross Block + Less: Accumulated Depreciation+ Less: Impairment of Assets Net Block+ Lease Adjustment Capital Work in Progress+ Producing Properties Investments + Current Assets, Loans & Advances Inventories + Sundry Debtors + Cash and Bank+ Loans and Advances + Total Current Assets Less : Current Liabilities and Provisions Current Liabilities + Provisions + Total Current Liabilities Net Current Assets Miscellaneous Expenses not written off + Deferred Tax Assets Deferred Tax Liability Net Deferred Tax Other Assets+ Total Assets Contingent Liabilities+



Company >> Finance >> Balance Sheet Consolidated (Rs in Crs.)

489.52 489.52 489.5219,665.49 15,406.46 12,429.06

0 0 00 0 0

### ### ###0 0 0

91.92 1.83 1.61159.81 146.47 164.95

251.73 148.3 166.560 0 0

14,102.91 0 0### ### ###

8,344.13 6,857.57 5,501.284,734.24 4,234.54 3,795.25

0 0 03,609.89 2,623.03 1,706.03

-0.18 -14.22 -41.221,756.63 1,552.38 1,156.97

0 0 011.3 5.94 5.94

10,903.48 9,350.08 7,954.2620,252.04 20,792.61 16,071.53

9,706.41 9,856.42 10,329.462,726.52 3,069.45 2,692.18

43,588.45 43,068.56 37,047.43

22,406.44 28,211.21 23,570.402,701.70 4,511.18 5,060.61

25,108.14 32,722.39 28,631.0118,480.31 10,346.17 8,416.42

0 2.36 02,288.11 1,602.55 1,898.88

122.94 73.93 57.882,165.17 1,528.62 1,841.008,486.53 0 0

### ### ###3,135.15 2,294.51 2,330.73

Mar 11 Mar 10 Mar 09



Company >> Finance >> Profit & Loss Consolidated (Rs in Crs.)

32,195.83 41,523.11 51,482.37921.66 1,344.70 1,930.15

31,274.17 40,178.41 49,552.221,220.90 1,623.06 1,135.00

339.5 -1,053.39 -121.232,834.57 40,748.08 50,566.02

14,198.83 17,462.84 23,239.40556.46 605.54 562.18

5,475.48 5,956.57 5,824.004,571.12 5,553.17 5,528.811,553.60 1,650.44 1,874.283,117.35 3,323.02 2,921.85

0 0 029,472.84 34,551.58 39,950.52

3,361.73 6,196.50 10,615.5092.43 133.46 127.61

3,269.30 6,063.04 10,487.891,082.01 985.36 957.18

0 0 02,187.29 5,077.68 9,530.71

968.87 1,934.68 2,843.930 0 0

-232.02 -359.34 -6.321,450.44 3,502.34 6,693.10

-1.94 -0.52 -0.270 0 0

1,452.38 3,502.86 6,693.37-2.42 -3.68 26.2

1,454.80 3,506.54 6,667.17-41.22 -82.37 -0.46

1,251.10 1,164.56 1,038.980 0 0

1,364.86 3,333.95 6,567.331,297.40 1,251.10 1,164.56

300.82 709.57 1,339.660 0 0

58 141.5 270.51.16 2.83 5.415.68 13.82 26.43

Year Mar 15 (12) Mar 14 (12) Mar 13 (12) INCOME : Sales Turnover + Excise Duty Net Sales Other Income + Stock Adjustments + Total Income EXPENDITURE : Raw Materials + Power & Fuel Cost+ Employee Cost + Other Manufacturing Expenses + Selling and Administration Expenses + Miscellaneous Expenses + Less: Pre-operative Expenses Capitalised+ Total Expenditure Operating Profit Interest + Gross Profit Depreciation+ Minority Interest (before tax) Profit Before Tax Tax+ Fringe Benefit Tax+ Deferred Tax+ Net Profit Minority Interest (after tax) Profit/Loss of Associate Company Net Profit after Minority Interest & P/L Asso.Co. Extraordinary Items + Adjusted Net Profit Adjst. below Net Profit + P & L Balance brought forward Statutory Appropriations Appropriations + P & L Balance carried down Dividend Preference Dividend Equity Dividend (%) Dividend Per Share(Rs) EPS before Minority Interest (Unit Curr.)

5.68 13.82 26.435.69 13.82 26.435.69 13.82 26.43

139.76 135.47 124.75139.76 135.47 124.75

http://www.capitaline.com

EBIT 2,279.72 5,211.14 9,658.32

EPS before Minority Interest (Adj) (Unit Curr.) EPS after Minority Interest (Unit Curr.) EPS after Minority Interest (Adj) (Unit Curr.) Book Value (Unit Curr.) Book Value (Adj) (Unit Curr.)



Company >> Finance >> Profit & Loss Consolidated (Rs in Crs.)

50,653.84 44,319.31 34,907.24 28,783.192,313.78 1,793.19 1,401.42 1,907.54

48,340.06 42,526.12 33,505.82 26,875.651,272.19 1,034.68 1,216.70 1,045.30

829.65 126.18 775.8 1,163.9950,441.90 43,686.98 35,498.32 29,084.94

24,593.45 19,474.32 17,333.50 15,243.38515.1 407 341.29 344.56

5,529.77 5,452.60 6,590.20 3,019.544,939.39 4,028.02 3,572.41 2,710.631,205.77 946.84 1,083.05 1,017.932,434.88 3,710.09 -539.83 1,532.87

0 0 0 039,218.36 34,018.87 28,380.62 23,868.9111,223.54 9,668.11 7,117.70 5,216.03

53.07 56.38 36.69 35.1811,170.47 9,611.73 7,081.01 5,180.85

803.24 546.37 460.26 343.070 0 0 0

10,367.23 9,065.36 6,620.75 4,837.782,664.28 3,648.55 1,986.06 2,184.20

0 0 -4.62 40.91615.69 -636.55 312.39 -502.5

7,087.26 6,053.36 4,326.92 3,115.17-0.18 0 0 0

0 0 0 07,087.44 6,053.36 4,326.92 3,115.17

2.59 2.51 0.2 4.467,084.85 6,050.85 4,326.72 3,110.71

0 0 1.39 0793.97 537.96 562.07 438.97

0 0 0 06,842.43 5,797.35 4,352.42 2,992.071,038.98 793.97 537.96 562.071,582.65 1,541.81 1,155.81 847.06

0 0 0 0320 311.5 233 1726.4 31.15 23.3 17.2

27.91 118.5 84.43 60.7

Mar 12 (12) Mar 11 (12) Mar 10 (12) Mar 09 (12)

27.91 23.7 16.89 12.1427.91 118.5 84.43 60.727.91 23.7 16.89 12.14

103.79 411.73 324.73 263.9103.79 82.35 64.95 52.78

10,420.30 9,121.74 6,657.44 4,872.96

Date YieldApr 01, 2015 7.86%Mar 01, 2015 7.74%Feb 01, 2015 7.73%Jan 01, 2015 7.69%Dec 01, 2014 7.86%Nov 01, 2014 8.09%Oct 01, 2014 8.28%Sep 01, 2014 8.52%Aug 01, 2014 8.57%Jul 01, 2014 8.72%Jun 01, 2014 8.75%May 01, 2014 8.65%Apr 01, 2014 8.83%Mar 01, 2014 8.81%Feb 01, 2014 8.86%Jan 01, 2014 8.79%Dec 01, 2013 8.83%Nov 01, 2013 9.06%Oct 01, 2013 8.63%Sep 01, 2013 8.76%Aug 01, 2013 8.60%Jul 01, 2013 8.17%Jun 01, 2013 7.45%May 01, 2013 7.45%Apr 01, 2013 7.73%Mar 01, 2013 7.96%Feb 01, 2013 7.87%Jan 01, 2013 7.91%Dec 01, 2012 8.05%Nov 01, 2012 8.18%Oct 01, 2012 8.22%Sep 01, 2012 8.15%Aug 01, 2012 8.24%Jul 01, 2012 8.25%Jun 01, 2012 8.39%May 01, 2012 8.38%Apr 01, 2012 8.68%Mar 01, 2012 8.59%Feb 01, 2012 8.20%Jan 01, 2012 8.27%Dec 01, 2011 8.57%Nov 01, 2011 8.74%Oct 01, 2011 8.88%Sep 01, 2011 8.44%

Aug 01, 2011 8.32%Jul 01, 2011 8.45%Jun 01, 2011 8.33%May 01, 2011 8.41%Apr 01, 2011 8.14%

FY 2015 FY 2014BHEL 3.32 3.63L&T 0.99 1.03Simens 5.08 4.84ABB India 4.51 4.23Schneider Electric 4.19 2.83

Altman Z Score = 1.2A + 1.4B + 3.3C + 0.6D + 1.0EA = Working Capital/Total AssetsB = Retained Earnings/Total AssetsC = EBIT/Total AssetsD = Market Value of Equity/Total LiabilitiesE = Net Sales/Total Assets

Larsen and ToubroMar '15 Mar '14

Total Assets 128159.34 121024.45Retained Earnings 36883.10 33457.20

EBIT 8120.25 8343.99Market value of equity 185.91 185.38Net Sales 57017.41 56598.92Current Assets 26774.70 25304.15Current Liabilities 34668.17 30770.70Working Capital -7893.47 -5466.55Total Liabilities 49368.69 45101.50

SiemensMar '15 Mar '14


EBIT 1703.70 851.80Market value of equity 71.20 71.20Net Sales 10512.40 10662.60Current Assets 6065.10 5811.90Current Liabilities 3755.10 4436.60Working Capital 2310.00 1375.30Total Liabilities 5126.60 4374.70

ABB IndiaMar '15 Mar '14

Total Assets 3183.05 3297.67

Retained Earnings 2769.60 2635.18


Schneider Electric InfrastructureMar '15 Mar '14


EBIT 21.37 -98.90Market value of equity 47.82 47.82Net Sales 1310.31 1215.65Current Assets 957.25 862.14Current Liabilities 880.12 824.84Working Capital 77.13 37.30Total Liabilities 371.31 373.24

BHELMar '15 Mar '14



FY 2013 FY 2012 FY 20114.57 5.20 5.471.31 1.37 1.514.73 5.43 6.024.49 5.06 4.513.72 4.27 NA

Larsen and ToubroMar '13 Mar '12 Mar '11

91180.38 73049.34 54924.7928999.45 25079.40 21702.36

7693.55 6976.43 6520.72123.08 122.48 121.77

60873.26 53170.52 43905.8726132.85 22284.58 15734.3132656.20 31816.07 26687.98-6523.35 -9531.49 -10953.6737128.09 33468.66 28155.71

SiemensMar '13 Mar '12 Mar '11

4029.30 3961.50 3815.003958.10 3891.10 3746.90

237.50 627.80 1287.6071.20 68.10 68.10

11352.60 12919.90 12028.905304.00 5832.30 5711.604205.50 4966.90 4553.201098.50 865.40 1158.404029.30 3961.50 3815.00

ABB IndiaMar '13 Mar '12 Mar '11

2925.73 2534.52 2423.72

2555.67 2492.14 2381.32

249.45 298.42 135.2142.38 42.38 42.38

7564.99 7448.97 6315.964261.45 4263.94 3912.123297.82 3526.98 3234.94963.63 736.96 677.18

2925.73 2534.52 2423.70

Schneider Electric InfrastructureMar '13 Mar '12

472.64 491.79190.69 219.14

3.76 77.1347.82 47.82

1310.41 1349.19909.79 838.62792.17 703.09117.62 135.53472.65 491.78

BHELMar '13 Mar '12 Mar '11

31859.30 25496.64 20255.9829954.58 24883.69 19664.32

9558.15 10372.79 9061.96489.52 489.52 489.52

48424.65 47978.89 42246.5948730.36 46452.61 40585.7029327.02 33638.01 31407.7719403.34 12814.60 9177.9329327.02 33638.01 31407.77

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