Project Final Copy

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Fundamental & Technical Analysis of Blue Chip Companies Page 1

A

FINAL REPORT

ON

Fundamental & Technical Analysis of Bule Chip Companies

SUBMITTED BY

CHAITALIKAUR J JUBBAL

ROLL NO-45

MBA(finance)

SUBMITTED TO

Miss. Meera B. Hirapurkar(MBA-FINANCE) Lect.

INDIRA INSTITUTE OF MANAGEMENT SCIENCES

AFFILIATED WITH

SWAMI RAMANAND TEERTH MARATHWADA UNIVERSITY, NANDED.

2011-2012


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CERTIFICATEThis is to certify thatChaitalikaur J JubbalStudent of MBA IInd

year have satisfactory completed the project report on topic

Fundamental & Technical Analysis of Blue Chip

Companies

Under the guidance of Prof. Miss. Meera B. Hirapurkar as a partial fulfilment of

MBA from Indira Institute of Management Sciences in academic year 2011-

2012.

Hence certified.

(Signature) (Signature)Project Guide Director

Prof. Miss. Meera B. Hirapurkar Prof. Dr. Losarwar S.G


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ACKNOWLEDGEMENT

I take this opportunity to express my sincere thanks to all the people concerned

directly or indirectly with this Endeavour of my project work.

First and foremost I am highly indebted to my esteemed guide

Miss. Meera B. Hirapurkar for their valuable guidance, inspiring efforts and above all

moral encouragement.

I also like to thank Dr. Losarwar (Director ) for his encouragement & pleasing

nature; directions, concern towards me and their readiness to share their ideas enthused us

and rejuvenated my efforts towards my goal. I also like to thankAmeen Jassani the owner of

A J Securities.

It is a matter of honour to express regards to all the staff members of the Commerce &

Management Science who helped in every possible way for providing me valuable books for

reference.

I also thanks to all friends who have directly or indirectly helped me in preparing this

Project Report.

Chaitalikaur Jubbal

M.B.A. III Sem.


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CONTENTS

Sr.No. Topic Page No.

1 Executive Summery 5

2 Objective of Project 6

3 Research Methodology 10

4 Data Presentation 11-34

5 Data Analysis & Interpretation 35-99

6 Conclusion 102

7 Limitation 103

8 Bibliography 104

9 Questeniore 105


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ECUTIVE SUMMARY

EQUITY ANALYSIS is the systematic study of the performance of companies in

stock market with help of fundamental analysis and technical analysis. Equity analysisconsists of fundamental analysis & technical analysis. While decision in investment of shares

should be base on actual movement of shares price measured more in money & percentage

term & nothing else.

In equity analysis, calculations are based on FACTS & not on HOPE. The subject of

equity analysis, i.e. the to attempt to determine future share price movement with the help of

RATIO ANALYSIS, STUDY OF GRAPH. Equity analysis does not discuss how to buy &

sell shares, but does discuss the methods, which enables the investor to arriving at buying &

selling decision.

The Technical Approach to investment is essentially a reflection of the idea that

prices moves in a trend that are determined by the changing attitude of investors toward a

variety of economic, monetary, political and psychological forces. The art of technical

analysis, for it is an art, is to identify a trend reversal at a relatively early stage and ride on

that trend until the weight of the evidence shows or proves the trend has reversed.


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OBJECTIVES

1. To understand the financial position of the securities using various analysis tools.

2. To predict the future performance of the securities under study based on the analysis.

3. To understand various financial statements.

4. To understand the trends in the stock markets.

5. To provide comprehensive introduction to the areas of securities

6. To analyze the performance of companys through Balance Sheet & Technical graph

of their shares.


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BOMBAY STOCK EXCHANGE

The Bombay Stock Exchange (BSE) is a stock exchange located on Dalal

Street,Mumbai and is the oldest stock exchange in Asia. The equity market capitalization of

the companies listed on the BSE was US$1 trillion as of December 2011, making it the 6th

largest stock exchange in Asia and the 14th largest in the world. The BSE has the largest

number of listed companies in the world.

As of December 2011, there are over 5,112 listed Indian companies and over 8,196 scrips on

the stock exchange,the Bombay Stock Exchange has a significant trading volume. The BSE

SENSEX, also called "BSE 30", is a widely used market index in India and Asia. Though

many other exchanges exist, BSE and the National Stock Exchange of India account for the

majority of the equity trading in India. While both have similar total market capitalization

(about USD 1.6 trillion), share volume in NSE is typically two times that of BSE.

History

The Phiroze Jeejeebhoy Towers house the Bombay Stock Exchange since 1980.

The Bombay Stock Exchange is the oldest exchange in Asia. It traces its

history to the 1850s, when four Gujarati and one Parsi stockbroker would gather

under banyan trees in front of Mumbai's Town Hall. The location of these meetings

changed many times, as the number of brokers constantly increased. The group

eventually moved to Dalal Street in 1874 and in 1875 became an official organization

known as 'The Native Share & Stock Brokers Association'. In 1956, the BSE became

the first stock exchange to be recognized by the Indian Government under the

Securities Contracts Regulation Act. The Bombay Stock Exchange developed

the BSE SENSEX in 1986, giving the BSE a means to measure overall performance

of the exchange. In 2000 the BSE used this index to open its derivatives market,

trading SENSEX futures contracts.
http://en.wikipedia.org/wiki/Stock_exchangehttp://en.wikipedia.org/wiki/Dalal_Streethttp://en.wikipedia.org/wiki/Dalal_Streethttp://en.wikipedia.org/wiki/Mumbaihttp://en.wikipedia.org/wiki/Asiahttp://en.wikipedia.org/wiki/Market_capitalizationhttp://en.wikipedia.org/wiki/1000000000000_(number)http://en.wikipedia.org/wiki/List_of_stock_exchangeshttp://en.wikipedia.org/wiki/Scripshttp://en.wikipedia.org/wiki/BSE_SENSEXhttp://en.wikipedia.org/wiki/BSE_SENSEXhttp://en.wikipedia.org/wiki/Asiahttp://en.wikipedia.org/wiki/National_Stock_Exchange_of_Indiahttp://en.wikipedia.org/wiki/Equity_tradinghttp://en.wikipedia.org/wiki/Phiroze_Jeejeebhoy_Towershttp://en.wikipedia.org/wiki/Indian_Governmenthttp://en.wikipedia.org/wiki/BSE_SENSEXhttp://en.wikipedia.org/wiki/File:India_economy.jpghttp://en.wikipedia.org/wiki/File:India_economy.jpghttp://en.wikipedia.org/wiki/File:India_economy.jpghttp://en.wikipedia.org/wiki/File:India_economy.jpghttp://en.wikipedia.org/wiki/BSE_SENSEXhttp://en.wikipedia.org/wiki/Indian_Governmenthttp://en.wikipedia.org/wiki/Phiroze_Jeejeebhoy_Towershttp://en.wikipedia.org/wiki/Equity_tradinghttp://en.wikipedia.org/wiki/National_Stock_Exchange_of_Indiahttp://en.wikipedia.org/wiki/Asiahttp://en.wikipedia.org/wiki/BSE_SENSEXhttp://en.wikipedia.org/wiki/BSE_SENSEXhttp://en.wikipedia.org/wiki/Scripshttp://en.wikipedia.org/wiki/List_of_stock_exchangeshttp://en.wikipedia.org/wiki/1000000000000_(number)http://en.wikipedia.org/wiki/Market_capitalizationhttp://en.wikipedia.org/wiki/Asiahttp://en.wikipedia.org/wiki/Mumbaihttp://en.wikipedia.org/wiki/Dalal_Streethttp://en.wikipedia.org/wiki/Dalal_Streethttp://en.wikipedia.org/wiki/Stock_exchange


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The development of SENSEX options along with equity derivatives followed

in 2001 and 2002, expanding the BSE's trading platform. Historically an open outcry

floor trading exchange, the Bombay Stock Exchange switched to an electronic trading

system in 1995. It took the exchange only fifty days to make this transition. This

automated, screen-based trading platform called BSE On-line trading (BOLT)currently has a capacity of 8 million orders per day.

Type Stock Exchange

Location Mumbai, India

Coordinates 18.929681N 72.833589E

Founded 1875

Owner Bombay Stock Exchange Limited

Key people Madhu Kannan (CEO&MD)

Currency Indian rupee( )

No. of listings 5,112

MarketCap US$1 trillion (Dec 2011)[1]

Volume US$231 billion (Nov 2010)

Indexes BSE SENSEX

BSE Small Cap

BSE Mid-CapBSE 500

Website www.bseindia.com
http://en.wikipedia.org/wiki/Stock_Exchangehttp://en.wikipedia.org/wiki/Stock_Exchangehttp://toolserver.org/~geohack/geohack.php?pagename=Bombay_Stock_Exchange&params=18.929681_N_72.833589_E_region:IN-MH_type:landmarkhttp://en.wikipedia.org/wiki/Chief_Executive_Officerhttp://en.wikipedia.org/wiki/Chief_Executive_Officerhttp://en.wikipedia.org/wiki/Chief_Executive_Officerhttp://en.wikipedia.org/wiki/Managing_Directorhttp://en.wikipedia.org/wiki/Managing_Directorhttp://en.wikipedia.org/wiki/Managing_Directorhttp://en.wikipedia.org/wiki/Indian_rupeehttp://en.wikipedia.org/wiki/Indian_rupeehttp://en.wikipedia.org/wiki/Market_capitalizationhttp://en.wikipedia.org/wiki/Market_capitalizationhttp://en.wikipedia.org/wiki/United_States_dollarhttp://en.wikipedia.org/wiki/Bombay_Stock_Exchange#cite_note-world-exchanges1-0http://en.wikipedia.org/wiki/Bombay_Stock_Exchange#cite_note-world-exchanges1-0http://en.wikipedia.org/wiki/Bombay_Stock_Exchange#cite_note-world-exchanges1-0http://en.wikipedia.org/wiki/United_States_dollarhttp://en.wikipedia.org/wiki/BSE_SENSEXhttp://en.wikipedia.org/wiki/BSE_SENSEXhttp://www.bseindia.com/http://www.bseindia.com/http://www.bseindia.com/http://en.wikipedia.org/wiki/BSE_SENSEXhttp://en.wikipedia.org/wiki/United_States_dollarhttp://en.wikipedia.org/wiki/Bombay_Stock_Exchange#cite_note-world-exchanges1-0http://en.wikipedia.org/wiki/United_States_dollarhttp://en.wikipedia.org/wiki/Market_capitalizationhttp://en.wikipedia.org/wiki/Indian_rupeehttp://en.wikipedia.org/wiki/Managing_Directorhttp://en.wikipedia.org/wiki/Chief_Executive_Officerhttp://toolserver.org/~geohack/geohack.php?pagename=Bombay_Stock_Exchange&params=18.929681_N_72.833589_E_region:IN-MH_type:landmarkhttp://en.wikipedia.org/wiki/Stock_Exchange


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SENSEX

The launch of SENSEX in 1986 was later followed up in January 1989 by

introduction of BSE National Index (Base: 1983-84 = 100). It comprised 100 stocks listed atfive major stock exchanges in India - Mumbai, Calcutta, Delhi,Ahmedabad and Madras. The

BSE National Index was renamed BSE-100 Index from October 14, 1996 and since then, it is

being calculated taking into consideration only the prices of stocks listed at BSE. BSE

launched the dollar-linked version of BSE-100 index on May 22, 2006. BSE launched two

new index series on 27 May 1994: The 'BSE-200' and the 'DOLLEX-200'. BSE-500 Index

and 5 sectoral indices were launched in 1999. In 2001, BSE launched BSE-PSU Index,

DOLLEX-30 and the country's first free-float based index - the BSE TECk Index. Over the

years, BSE shifted all its indices to the free-float methodology (except BSE-PSU index). BSE

disseminates information on the Price-Earnings Ratio, the Price to Book Value Ratio and the

Dividend Yield Percentage on day-to-day basis of all its major indices. The values of all BSE

indices are updated on real time basis during market hours and displayed through the BOLT

system, BSE website and news wire agencies. All BSE Indices are reviewed periodically by

the BSE Index Committee. This Committee which comprises eminent independent finance

professionals frames the broad policy guidelines for the development and maintenance of all

BSE indices. The BSE Index Cell carries out the day-to-day maintenance of all indices and

conducts research on development of new indices. SENSEX is significantly correlated with

the stock indices of other emerging markets
http://en.wikipedia.org/wiki/Mumbaihttp://en.wikipedia.org/wiki/Calcuttahttp://en.wikipedia.org/wiki/Delhihttp://en.wikipedia.org/wiki/Ahmedabadhttp://en.wikipedia.org/wiki/Madrashttp://en.wikipedia.org/wiki/Madrashttp://en.wikipedia.org/wiki/Ahmedabadhttp://en.wikipedia.org/wiki/Delhihttp://en.wikipedia.org/wiki/Calcuttahttp://en.wikipedia.org/wiki/Mumbai


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RESEARCH METHODLOGY

During my project, I collected data through various sources primary & secondary sources.

Primary Source Includes :-

Discussion with branch manager

Discussion with experience traders

Questionnaires for investors

Live deling as a deler in the market

Live treading in equity market

Secondary Source Includes :-

Various books related to stock market

Books related to Financial Management

Web sites were used as the vital information source.


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FUNDAMENTAL ANALYSIS

The investor, while buying stock, has the primary purpose of gain. If he invests

for a short period of time, it is speculative but when he holds if for a fairly long period of

time, the anticipation is that he would receive some return on his investment. The

fundamental analysis is a method of finding out the future price of a stock, which an

investor wishes to buy. The method for forecasting the future behavior of investment

and the rate of return on them is clearly through an analysis of the broad economic

forces, industry analysis, the company analysis and ration analysis.

A. Influence Of The Economy On The Company.

01. Economic Growth

02. Populations

03. Monsoons and Agriculture Production

04. Natural resources and availability of raw material

05. Industrial Productions

06. Inflation

07. Interest rate

08.Budget deficits

09.Domestic saving and capital output rate

10. Employments

11. Taxation policies

12. Infrastructure facilities

13. Government policies

14. Political Stability

15.Capital formations16. Saving pattern

17. Economic indicators

18. Foreign direct investments

19. Rupee-Dollar Fluctuation

20. Stock News

TOOLS FOR COMPANY ANALYSIS


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Earning Per Share

The earnings per share measures the per share rupees returns to owners of a company.

The figure is calculated as follows:

(EPS = Totals Earning / No. of shares outstanding)

We sum the prior year earnings and divide the amount by the weighted average of share

outstanding. This assumes the most accurate information if a company distributes new shares

outstanding during the period which could substantially impact (or dilute) shares to current

shareholders with lower per share earnings.

Price Earnings Ratio

The Price-Earnings or P/E ratio is arguably the most commonly quoted Ratio. The

reason for its popularity is that it reduces to an arithmetical figure the relationship between

price and earnings per share and thereby allows one the opportunity to determine whether a

share is overpriced or under priced and by relating price and earning per share of a company,

one can analyze the markets valuation of a companys shares relative to the wealth the

company is actually creating. A P/E ratio is calculated as:

(PER=price per share / earning per share)

The P/E of a stock describes the price of a share relative to earnings of the underlying

assets. The lower the P/E, the less you have to pay for the stock, relative to what you can

expect to earn from it. The higher the P/E the more over-valued the stock is.

Book Value

B.V. = Paid up capital + reserve & surplus / outstanding equity shares.


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Price / Book Value

The market to book ratio compares the book value of the assets of a company to its

market value. If a shares market prices is treble or quadruple its book value, it signifies that

investors have tremendous confidence in the growth prospects of the company. It can also

suggest that the assets may be understated. If, on the other hand, the book value is more than

the market value, the company may not be making profits and may not be enjoying investor

confidence. The market to book ratio is calculated by dividing the market price per share by

the book value per share.

(Market price to book value = Market price per share / Book value per share)

Debt-Equity

This ratio indicates the ratio of debt on a firms balance sheet to the amount of funds

provided by owners .We can measures performance by using debt divided by debt + equity.

The basic formula is calculated as follows:

(Debt to Equity = Debt + Equity)

The more capital intensive the firm, the higher the debt to equity ratio. It measures the

percentage of debt tied up in the owners equity.

Current Ratio

The current ratio is the most commonly used ratio to measure liquidity. Its purpose is

to check whether a companys current assets are enough to meet its immediate l iabilities, i.e.

those that mature within one year. The ratio is arrived at by dividing current assets by current

liabilities. Normally, the current ratio is around 1or even a little below 1.This in itself is notbad


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(Current Ratio = Current Assets /Current Liabilities)

TURNOVER RATIO

Fixed Assets Turnover

The fixed assets turnover is a measure of how efficiently a company uses its fixed

assets to generate sales. The higher the fixed ratio the better it is. We calculate the fixed

assets turnover by adding all sales of the company and dividing the amount by net fixed

assets for the latest four quarters of financial performance. The basic formula is as follows:

FAT = (Sales / Net Fixed Assets)

The fixed asset turnover can vary substantially from industry to industry.

Inventory

The inventory turnover ratio measures the number of times during a year that a

company replaces its inventory. The turnover is only meaningful when comparing other firms

in the industry or a companys prior inventory turnover. Differences in turnover rates result

from differing operating characteristics within an industry. We calculate the inventory

turnover rate as follows:

Inventory Turnover = (Cost of Goods sold / Avg Inventory)

The higher the inventory turnover rate means the more efficiently a company is able to

grow sales volumes.

Debtors

Debtors turnover = Net credit sales / Avg sundry debtors


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TECHNICAL ANALYSIS

The methods used to analyze securities and make investment decisions fall into two

very broad categories: Fundamental Analysis and Technical Analysis. Fundamental

analysis involves analyzing the characteristics of a company in order to estimate its value.

Technical analysis takes a completely different approach; it doesnt care one bit about the

value of a company or a commodity. Technicians (some time called chartists) are only

interested in the price movement in the market.

Despite all the fancy and exotic tools it employs, technical analysis really just studies

supply and demand in a market in an attempt to determine what direction, or trend, willcontinue in the future. In other words, technical analysis attempts to understand the emotions

in the market by studying the market it self, as opposed to its components. If you understand

the benefits and limitation of technical analysis it can give you a new set of tools or skills

than will enable you to better trader or investor.

DEFINITION

Technical analysis is a method of evaluating the securities by analyzing the statistics

generated by the market activity, such as past price and volume. In technical analysis,

analysts use charts and other tools to identify patterns that can suggest future activity.

Just as there are many investment styles on fundamental side, there is also much different

type of technical traders. Some rely on chart patterns. In any case, technical analysts

exclusive use of historical price and volume data is what separates them from their

fundamental counterparts. Unlike fundamental analysis technical analysts dont care whethera stock is undervalued the only thing that matter is a securitys past trading data and what

information this data can provide about where the security might move in the future


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Line charts

A style of charts that is created by connecting a series of data points together with a

line. This is the most basic type of charts used in finance and connecting a series of past

prices together with a line generally creates it.

Bar chart

A style of chart used by some technical analysts, on whom as illustrated below, the

top of the vertical line indicates the highest price a security traded at during the day, and the

bottom represents the lowest price. The closing price is displayed on the right side of the bar,

and the opening price is shown on the left side of the bar. A single bar like the one below

represents one day of trading.

These are the most popular type of chart used in technical analysis. The visual representation

of price activity over a given period of time is used to spot trends and patterns.

Candlestick

A price chart that displays the high, low, open and close for a security each day over aspecified period of time.


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There are many trading strategies based upon patterns in candlestick charting.

Technical analysis: the use of trend

One of the most important concepts in technical analysis is that of trend. The meaning

in finance isnt all that different from the general definition of the term- a trend is really

nothing more than the general direction in which a security or market is headed. Take a look

at the chart below:

It isnt hard to see that the trend in figure is up. However, isnt not always this easy to

see a trend.


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There are lots of ups and downs in this chart, but there isnt a clear indication of which

direction this security is headed.

The Importance of Trend

It is important to be able to understand and identify trends so that you can trade with them

rather than trade against them. Two important sayings in technical analysis are the trend is

your friend and dont buck the trend Illustrating how important trend analysis is for

technical trade.

Types of Trend

There are three types of trend:

Up Trends

Downtrends Sideways/ Horizontal Trends

As the names imply, when each successive peak and trough is higher, its referred to as an

upward trend. If the peaks and troughs are getting lower. Its a downtrend. When there is

little movement up or down in the peaks and troughs, its a sideways or horizontal trend. If

you want to get really technical, you might even say that a sideways trend is actually not a

trend on its own, but a lack of a well-defined trend in either direction. In any case, the market

can really only trend in these three ways: up, down or nowhere.


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Notice how each successive peak and trough is lower than the previous one. For

example, the low trend is lower than the low at Point. The downtrend will be deemed broken

once the price closes above the high at high direction trend.

Downtrend is the opposite of uptrend.

Trend lines

A trend line is a simple charting technique that adds a line to a chart to represent the

trend in the market or a stock. Drawing a trend line is as simple as drawing a straight line that

follows a general trend. These lines are used to clearly show the trend and are also used in the

identification of the reversals.


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As you see in above Figure, an upward trend lines is drawn at the lows of an upward

trend. This line represents the support the stock has every time it moves from a high to a low.

Notice how the price is propped up by this support. This type of trend line helps traders to

anticipate the point at which a stocks price will begin moving upwards again. Similarly, a

downward trend line is drawn at the highs of the downward trend. This line represents the

resistance level that a stock faces every time the price moves from a low to a high.

Trend Lengths

Along with this trend direction, there is three-trend classification. A trend of any

direction can be classified as a long-term trend, intermediate trend or a short-term. In terms of

the stock market, a major trend is generally categorized as one lasting longer than a year. An

intermediate trend is considered to last between one and three months and a near-term trend

is anything less than a month. A long-term trend is composed of several intermediate trends,

which obtain move against the direction of the major trend. If the major trend is upward and

there is a downward correction in price movement followed by a continuation of the up trend,

the correction is considered to be an intermediate trend. The short term trends are

components both major and intermediate trends. Take a look a Figure to get a sense of how

these three trends lengths might look.


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When analyzing trends, it is important that the chart is constructed to best reflect the

type of trend being analyzed. To help identify long-term trends, chartists to get a better idea

of the long-term trend use weekly charts or daily charts spanning a five-year period. Daily

data charts are best use when analyzing both intermediate and short-term trends. It is also

important to remember that the longer the trend, the more important it is; for example, a

month trend is not as significant as five-year trend.

Channels

A Channel, or channel lines, is the addition of two parallel trend lines that act as

strong areas of support and resistance. The upper trend line connects a series of highs, while

the lower trend line connects a series of lows. A channel can slope upward, downward or

sideways but regardless of the direction, the interpretation remains the same. Traders will

expect a given security to trade between two levels of support and resistance until it breaks

beyond one of the levels in which case traders can expect a sharp move in Direction of the

break. Along with clearly displaying the trend, channel is mainly used to illustrate important

areas of support and resistance.


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Above graph a descending channel on stock chart; the upper trend line has beenplaced on the highs and lower trend line is on the lows. The price has bounced off of these

line several times, and has remained rang-bound for several months. As long as the price does

not fall below the lower line or move beyond the upper resistance, the range bound

downtrend is expected to continue.

Double Bottom

A charting pattern used in technical analysis. It describes the drop of a stock (or

index), a rebound, another drop to the same (or similar) level as the original drop, and finally

another rebound.


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Double Top

A term used in technical analysis to describe the rise of a stock, a drop, another rise to

the same level as the original rise, and finally another drop.

The double top looks like the letter M. The twice-touched high is considered a

resistance level.

Triple Bottom

A pattern used in technical analysis to predict the reversal of a prolonged downtrend.

The pattern is identified when the price of an asset creates three troughs at nearly the same

price level. The third bounce off the support is an indication that buying interest (demand) is

outweighing selling interest (Supply) and that trend is in the process of reversing.


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Once the first bottom is created, the price reaches a peak and retraces back

toward the prior support. This is when buyer enters again and pushes the price of the

asset higher, creating bottom No.2. The price of the asset then created another peak and

heads lower for its final test of the support. The final bounce of the support level creates

bottom No.3 and traders will get ready to enter a long position once the price breaks

above the previous resistance (Illustrated by the black on the chart). This pattern is

considered to be a very reliable indication that the downtrend has reversed and that the

new trend in the upward direction. Sudden change in the price direction of a stock,

index, commodity or derivative security. Also referred to as a Trend Reversal, Rally

or Correction.

Triple Top

A pattern used in technical analysis to predict the reversal of prolonged up trend. This

pattern is identified when the price of an asset creates three peaks at nearly the same price

level. The bonus off the resistance near the third peak is clear indication that buying interest

is becoming exhausted. The traders to predict the reversal of the up trend use it.

1 3


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The three consecutive tops make this pattern visually similar to the head and

shoulders pattern but, in this case, the middle peak is nearly equal to the other peak rather

than being higher. Many traders will enter into a short position once the price of asset fallsbelow the identified support level. (Shown by the line in the chart above).

Head and Shoulders Pattern

A technical analysis term used to describe a chart formation in which a stocks price:

1 Rises to a peak and subsequently declines.

2. Then, the price rises above the former peak and again declines

3. And finally, rises again, but not to the second peak, and declines once more.The First and Third peaks are shoulders, and second peak forms the head.

The Head -and Shoulders pattern is believed to be one of the most reliable trend

reversal patterns.


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Volume

The number of shares or contracts traded in a security or an entire market during a

given period of time. It is simply the amount of shares that trade hands from sellers to buyers

as a measure of activity. If a buyer of a stock purchases 100 shares from a seller, then the

volume for that period increases by the 100 shares based on that transaction.

Volume is an important indicator in the technical analysis as it is used to measure the worth

of a market move. If the market have made strong price move either up or down the

perceived strength of that move depends on the volume of that period. The higher the volume

during that price move the more significant the move.

Support

The price, which, historically, a stock had difficulty falling below. It is thought of as

the level at which a lot of buyers tend to enter the stock. Often referred to as the Support

Level.


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Resistance

The Price at which a stock or market can trade, but which it cannot exceed, for a certain

period of time. Often referred to as Resistance Level.

Moving Average- MA

An indicator frequently used in technical analysis showing the average value of a securitys

price over a set of period. Moving averages are generally used to measure momentum and

define areas of possible support and resistance.


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BLUE-CHIP COMPANY

A blue-chip stock is stock in a company with a national reputation for quality,

reliability and the ability to operate profitably in good times and bad. The most popular index

which follows US blue chips is the Dow Jones Industrial Average. The Dow Jones Industrial

Average is a price-weighted average of 30 blue-chip stocks that are generally the leaders in

their industry.

The stock of a company that is in excellent financial condition and is a leading player

in its sector is called a blue chip stock. These high-quality stocks are considered a

lower risk investment. Blue chip stocks get their name from poker, in which the

counters that have the highest value are blue in color. The most popular blue chip

stocks are study in the next part of this project

Characteristics

There are no specific criteria for blue chip stocks. The most common characteristics

of such stocks include:

1. Revenues: Companies with revenues higher than that generated by industry peers.

2. Earnings: Companies that have been generating healthy earnings on a consistent

basis.

3. Dividends: Companies that pay regular dividends to common stockholders, even if

their performance has been unsatisfactory in a particular period. Moreover, the

dividend payout is raised at regular intervals.

4. Balance Sheet: The balance sheets are robust and their debt liabilities are not

extensive. 5. Credit Rating: Their credit ratings in the bond and unsecured debt markets are high.

6. Size: The market capitalization of these companies is higher than that of other

companies in the same industry.

7. Product Portfolio: They have extensive and diversified product lines. They also

have a wide global presence.

8. Competition: They are cost efficient, with high distribution control and excellent

franchise value, all of which contribute towards their competitive advantage.
http://en.wikipedia.org/wiki/Corporationhttp://en.wikipedia.org/wiki/Stockhttp://en.wikipedia.org/wiki/Corporationhttp://en.wikipedia.org/wiki/Dow_Jones_Industrial_Averagehttp://en.wikipedia.org/wiki/Dow_Jones_Industrial_Averagehttp://en.wikipedia.org/wiki/Corporationhttp://en.wikipedia.org/wiki/Stockhttp://en.wikipedia.org/wiki/Corporation


31/110


LIST OF 30 BLUE CHIP COMPNIES

1Housing Development FinanceCorporation

Finance 500010

2 Cipla Healthcare 500087

3 Bharat Heavy Electricals Capital Goods 500103

4 State Bank Of India Finance 500112

5 HDFC Bank Finance 500180

6 Hero Motocorp Transport Equipments 500182

7 Infosys Information Technology 500209

8 Oil and Natural Gas Corporation Oil & Gas 500312

9 Reliance Industries Oil & Gas 500325

10 Tata Power Power 500400

11 Hindalco Industries

Metal,Metal Products &Mining 500440

12 Tata SteelMetal,Metal Products &Mining

500470

13 Larsen & Toubro Capital Goods 500510
http://en.wikipedia.org/wiki/Housing_Development_Finance_Corporationhttp://en.wikipedia.org/wiki/Housing_Development_Finance_Corporationhttp://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=500010http://en.wikipedia.org/wiki/Ciplahttp://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=500087http://en.wikipedia.org/wiki/Bharat_Heavy_Electricalshttp://en.wikipedia.org/wiki/Bharat_Heavy_Electricalshttp://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=500103http://en.wikipedia.org/wiki/State_Bank_Of_Indiahttp://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=500112http://en.wikipedia.org/wiki/HDFC_Bankhttp://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=500180http://en.wikipedia.org/wiki/Hero_Motocorphttp://en.wikipedia.org/wiki/Hero_Motocorphttp://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=500182http://en.wikipedia.org/wiki/Infosyshttp://en.wikipedia.org/wiki/Infosyshttp://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=500209http://en.wikipedia.org/wiki/Oil_and_Natural_Gas_Corporationhttp://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=500312http://en.wikipedia.org/wiki/Reliance_Industrieshttp://en.wikipedia.org/wiki/Reliance_Industrieshttp://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=500325http://en.wikipedia.org/wiki/Tata_Powerhttp://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=500400http://en.wikipedia.org/wiki/Hindalco_Industrieshttp://en.wikipedia.org/wiki/Hindalco_Industrieshttp://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=500440http://en.wikipedia.org/wiki/Tata_Steelhttp://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=500470http://en.wikipedia.org/wiki/Larsen_%26_Toubrohttp://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=500510http://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=500510http://en.wikipedia.org/wiki/Larsen_%26_Toubrohttp://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=500470http://en.wikipedia.org/wiki/Tata_Steelhttp://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=500440http://en.wikipedia.org/wiki/Hindalco_Industrieshttp://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=500400http://en.wikipedia.org/wiki/Tata_Powerhttp://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=500325http://en.wikipedia.org/wiki/Reliance_Industrieshttp://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=500312http://en.wikipedia.org/wiki/Oil_and_Natural_Gas_Corporationhttp://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=500209http://en.wikipedia.org/wiki/Infosyshttp://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=500182http://en.wikipedia.org/wiki/Hero_Motocorphttp://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=500180http://en.wikipedia.org/wiki/HDFC_Bankhttp://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=500112http://en.wikipedia.org/wiki/State_Bank_Of_Indiahttp://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=500103http://en.wikipedia.org/wiki/Bharat_Heavy_Electricalshttp://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=500087http://en.wikipedia.org/wiki/Ciplahttp://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=500010http://en.wikipedia.org/wiki/Housing_Development_Finance_Corporationhttp://en.wikipedia.org/wiki/Housing_Development_Finance_Corporation


32/110


14 Mahindra & Mahindra Transport Equipments 500520

15 Tata Motors Transport Equipments 500570

16 Hindustan Unilever FMCG 500696

17 ITC FMCG 500875

18 Sterlite IndustriesMetal,Metal Products &

Mining

500900

19 Wipro Information Technology 507685

20 Sun Pharmaceutical Healthcare 524715

21 GAIL Oil & Gas 532155

22 ICICI Bank Finance 532174

23 Jindal Steel & Power Metal,Metal Products &Mining

532286

24 Bharti Airtel Telecom 532454

25 Maruti Suzuki Transport Equipments 532500

26 Tata Consultancy Services Information Technology 532540

27 NTPC Power 532555
http://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=500510http://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=500510http://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=500510http://en.wikipedia.org/wiki/Mahindra_%26_Mahindrahttp://en.wikipedia.org/wiki/Mahindra_%26_Mahindrahttp://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=500520http://en.wikipedia.org/wiki/Tata_Motorshttp://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=500570http://en.wikipedia.org/wiki/Hindustan_Unileverhttp://en.wikipedia.org/wiki/Hindustan_Unileverhttp://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=500696http://en.wikipedia.org/wiki/ITC_Limitedhttp://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=500875http://en.wikipedia.org/wiki/Sterlite_Industrieshttp://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=500900http://en.wikipedia.org/wiki/Wiprohttp://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=507685http://en.wikipedia.org/wiki/Sun_Pharmaceuticalhttp://en.wikipedia.org/wiki/Sun_Pharmaceuticalhttp://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=524715http://en.wikipedia.org/wiki/GAILhttp://en.wikipedia.org/wiki/GAILhttp://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=532155http://en.wikipedia.org/wiki/ICICI_Bankhttp://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=532174http://en.wikipedia.org/wiki/Jindal_Steel_%26_Powerhttp://en.wikipedia.org/wiki/Jindal_Steel_%26_Powerhttp://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=532286http://en.wikipedia.org/wiki/Bharti_Airtelhttp://en.wikipedia.org/wiki/Bharti_Airtelhttp://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=532454http://en.wikipedia.org/wiki/Maruti_Suzukihttp://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=532500http://en.wikipedia.org/wiki/Tata_Consultancy_Serviceshttp://en.wikipedia.org/wiki/Tata_Consultancy_Serviceshttp://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=532540http://en.wikipedia.org/wiki/NTPC_Limitedhttp://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=532555http://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=532555http://en.wikipedia.org/wiki/NTPC_Limitedhttp://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=532540http://en.wikipedia.org/wiki/Tata_Consultancy_Serviceshttp://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=532500http://en.wikipedia.org/wiki/Maruti_Suzukihttp://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=532454http://en.wikipedia.org/wiki/Bharti_Airtelhttp://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=532286http://en.wikipedia.org/wiki/Jindal_Steel_%26_Powerhttp://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=532174http://en.wikipedia.org/wiki/ICICI_Bankhttp://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=532155http://en.wikipedia.org/wiki/GAILhttp://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=524715http://en.wikipedia.org/wiki/Sun_Pharmaceuticalhttp://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=507685http://en.wikipedia.org/wiki/Wiprohttp://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=500900http://en.wikipedia.org/wiki/Sterlite_Industrieshttp://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=500875http://en.wikipedia.org/wiki/ITC_Limitedhttp://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=500696http://en.wikipedia.org/wiki/Hindustan_Unileverhttp://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=500570http://en.wikipedia.org/wiki/Tata_Motorshttp://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=500520http://en.wikipedia.org/wiki/Mahindra_%26_Mahindra


33/110


28 DLF Housing Related 532868

29 Bajaj Auto Transport Equipments 532977

30 Coal IndiaMetal,Metal Products &Mining

533278
http://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=532555http://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=532555http://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=532555http://en.wikipedia.org/wiki/DLF_Limitedhttp://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=532868http://en.wikipedia.org/wiki/Bajaj_Autohttp://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=532977http://en.wikipedia.org/wiki/Coal_Indiahttp://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=533278http://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=533278http://en.wikipedia.org/wiki/Coal_Indiahttp://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=532977http://en.wikipedia.org/wiki/Bajaj_Autohttp://www.bseindia.com/bseplus/StockReach/AdvanceStockReach.aspx?scripcode=532868http://en.wikipedia.org/wiki/DLF_Limited


34/110


INFOSYS

Scrip Code 500209 Group / Index A / SENSEX Face value 5.00 Industry ITConsulting & Software


EARNING PER SHARE

Year Cash EPS (Rs)

Mar ' 11 74.44

Mar ' 10 87.69

Mar ' 09 113.70

Mar ' 08 115.19

Mar ' 07 125.11

BOOK VALUE

YEAR Book value

Mar ' 07 195.41

Mar ' 08 235.84Mar ' 09 310.89

Mar ' 10 384.02

Mar ' 11 426.73

NET OPERATING INCOME PER SHARE (RS)

Year Net operating income per share (Rs)

Mar 07230.20

Mar 08 273.57

Mar 09 353.75

Mar 10 368.40

Mar 11 442.13
http://en.wikipedia.org/wiki/Infosyshttp://en.wikipedia.org/wiki/Infosys


35/110


CURRENT RATIO

Year Current Ratio

Mar ' 07 4.96

Mar ' 08 3.30

Mar ' 09 4.71

Mar ' 10 4.28

Mar ' 11 5.11

FIXED ASSET TURNOVER RATIO

Year Fixed Asset Turnover Ratio

Mar 073.38

Mar 08 3.47

Mar 09 3.39

Mar10 3.33

Mar 11 3.67

0

100

200

300

400

500

600

7-Mar 8-Mar 9-Mar 10-Mar 11-Mar

Cash EPS

Book value

NOI


36/110


DEBT/EQUITY RATIO

Year Debt- Equity Ratio

Mar 07 -

Mar 08 -Mar 09 -

Mar 10 -

Mar 11 -

0

1

2

3

4

5

6


Current Ratio

Fixed Asset Turnover Ratio

Debt- Equity Ratio


37/110


NET PROFIT MARGIN (%)

YearNet profit margin (%)

Mar 07 28.05

Mar 08 27.37

Mar 09 27.52

Mar 10 26.36

Mar 11 24.31

22

23

24

25

26

27

28

29


Net profit margin (%)


38/110


TECHNICAL ANANYSIS

OWNERSHIP PATTERN

REVENUE & PROFIT MOVEMENT

COMAPRISION WITH MARKET


39/110


HISTORY

Infosys was founded in 1981 by N. R. Narayana Murthy, Nandan Nilekani, N. S.

Raghavan,S. Gopalakrishnan, S. D. Shibulal, K. Dinesh and Ashok Arora. It moved to

Bangalore in 1983 and got its first foreign client, Data Basics Corporation from the US, in

1987. In 1992 it opened its first overseas sales office in Boston, US. This was followed byoffices in Milton Keynes (1996), Toronto (1997), France and Hong Kong (2000), UAE and

Argentina (2001), Netherlands, Singapore and Sweden (2002). Currently it has 64 offices and

68 development centres in India and abroad.

UPCOMING PROJECTS

Infosys executes hundreds of projects each year. Full responsibility for executing a

project rests with the project manager, who must make sure that the project team delivershigh-quality software to the customer on time and within cost. To help the project manager

fulfill this responsibility, support from the organization is necessary.

Infosys bids for 10 govt projects to lower dependence on US.

NOTES

1. It is a leading company in IT sector, it is a MNC company

2. It overall ratios are constantly increasing from 5 years3. It is having nice profit margine

4. Its shares face value is Rs.5 &now its value is 2,831..

5. Its sales revenue & profit is increasing day by day

6. Its market capitalization is also increasing

7. Its compititors are Tata, HCL, Wipro,Satyam etc. they are still lacking

behind as compare to INFOSYS.

8. Its profit margine, NOI, Bookvalue is having downtrend.

9. Its current ratio & fixed assets turnover ratio is having uptrend.
http://en.wikipedia.org/wiki/N._R._Narayana_Murthyhttp://en.wikipedia.org/wiki/Nandan_Nilekanihttp://en.wikipedia.org/wiki/N._S._Raghavanhttp://en.wikipedia.org/wiki/N._S._Raghavanhttp://en.wikipedia.org/wiki/S._Gopalakrishnanhttp://en.wikipedia.org/wiki/S._D._Shibulalhttp://en.wikipedia.org/wiki/K._Dineshhttp://en.wikipedia.org/wiki/K._Dineshhttp://en.wikipedia.org/wiki/S._D._Shibulalhttp://en.wikipedia.org/wiki/S._Gopalakrishnanhttp://en.wikipedia.org/wiki/N._S._Raghavanhttp://en.wikipedia.org/wiki/N._S._Raghavanhttp://en.wikipedia.org/wiki/Nandan_Nilekanihttp://en.wikipedia.org/wiki/N._R._Narayana_Murthy


40/110


CIPLA

Group / Index : A / SENSEX Face value : 2.00Scrip Code 500087 Industry : Pharmaceuticals


CASH EPS

Year Cash EPS

Mar 079.92

Mar 08 10.71Mar 09 11.95

Mar 10 15.53

Mar 11 14.81

BOOK VALUE

Year Book value

Mar 07 41.64

Mar 08 48.32

Mar 09 55.97

Mar 10 73.66

Mar 11 82.36

NET OPERATING INCOME

Year NOI

Mar 07 45.83

Mar 08 54.08

Mar 09 67.34

Mar 10 69.82

Mar 11 78.70
http://en.wikipedia.org/wiki/Ciplahttp://en.wikipedia.org/wiki/Cipla


41/110


CURRENT RATIO

Year Current ratio

Mar 072.69

Mar 08 2.68

Mar 09 2.82

Mar 10 2.17

Mar 11 2.26

FIXED ASSETS TURNOVER RATIO

YearFixed assets turnover ratio

Mar 07 1.98

Mar 08 1.91

Mar 09 1.94

Mar 10 1.94

Mar 11 1.61

0

10

20

30

40

50

60

70

80

90


Cash EPS

Book value

NOI


42/110


DEBT/EQUITY RATIO

Year debt/equity

Mar 07 0.03

Mar 08 0.15Mar 09 0.21

Mar 10 -

Mar 11 0.06

INVENTORY TURNOVER RATIO

YearInventory turnover ratio

Mar 07 3.74

Mar 08 3.83

Mar 09 3.79

Mar 10 3.74

Mar 11 3.73

0

0.5

1

1.5

2

2.5

3


Current ratio

Fixed assets turnover ratio

debt/equity


43/110



Year Net profit margin (%)

Mar 07 45.83

Mar 08 54.08

Mar 09 67.34

Mar 10 69.82

Mar 11 78.70

0

10

20

30

40

50

60

70

80

90


Inventory turnover ratio

Net operating income


44/110


TECHNICAL ANANYSIS

OWNERSHIP PATTERN

PERFORMANCE CHART

INDEX COMPARISION


45/110


HISTORY

Khwaja Abdul Hamied, the founder of Cipla, was born on October 31, 1898. The fireof nationalism was kindled in him when he was 15 as he witnessed a wanton act of colonial

highhandedness. The fire was to blaze within him right through his life.. In 1935, he set upThe Chemical, Industrial & Pharmaceutical Laboratories, which came to be popularly knownas Cipla. He gave the company all his patent and proprietary formulas for several drugs andmedicines, without charging any royalty. On August 17, 1935, Cipla was registered as apublic limited company with an authorised capital of Rs 6 lakhs. Cipla was officially openedon September 22, 1937 when the first products were ready for the market. The SundayStandard wrote: "The birth of Cipla which was launched into the world by Dr K A Hamiedwill be a red letter day in the annals of Bombay Industries. The first city in India can nowboast of a concern, which will supersede all existing firms in the magnitude of its operations

Cipla today stands as one of the most trusted names in the pharmaceutical industry in

India. Serving the nation for over 70 years with an unprecedented record of quality Cipla hasmanaged to win the hearts of millions of Indians with its wide range of personal care and

pharmaceutical products.

UPCOMING PROJECTS

Cipla introduces new pain free screening technology for early detection of breast cancer inIndia - No Touch Breast Scan

Cipla extends an innovative Mother-Baby Pack for preventing mother-to-child transmissionof HIV/AIDS

Cipla launches the worlds first generic Pirfenidone in India, giving hope to sufferers of IPF(Idiopathic Pulmonary Fibrosis)

Piramal Healthcare Acquires "i-pill", a Leading Emergency Contraceptive Brand from Cipla

NOTES

1. Cipla is a leading firm in a helthcare industries, so it is a best to have such company in

our portfolio.

2. Its oveall ratios like EPS, book value, NOI, Current ratio, Fixed assets turnover ratio,debt/equity, Inventory turnover ratio etc. are contineously increasing

3. Its profit is also increasing constantly.4. Its compititors are sun pharmaciticals, Dr. Reddys labs are ahead but still due to its

innovations it is having good demand on market.5. Its face value is 2 & its market value is 299..6. Its NOI, book value, Net operating ratio is having uptrend.
http://www.cipla.com/whatsnew/news.htm#02mar11http://www.cipla.com/whatsnew/news.htm#02mar11http://www.cipla.com/whatsnew/news.htm#02mar11http://www.cipla.com/whatsnew/news.htm#02mar11http://www.cipla.com/whatsnew/news.htm#30nov10http://www.cipla.com/whatsnew/news.htm#30nov10http://www.cipla.com/whatsnew/news.htm#30nov10http://www.cipla.com/whatsnew/news.htm#30nov10http://www.cipla.com/whatsnew/news.htm#30nov10http://www.cipla.com/whatsnew/news.htm#30nov10http://www.cipla.com/whatsnew/news.htm#20oct10http://www.cipla.com/whatsnew/news.htm#20oct10http://www.cipla.com/whatsnew/news.htm#20oct10http://www.cipla.com/whatsnew/news.htm#20oct10http://www.cipla.com/whatsnew/news.htm#23mar10http://www.cipla.com/whatsnew/news.htm#23mar10http://www.cipla.com/whatsnew/news.htm#23mar10http://www.cipla.com/whatsnew/news.htm#20oct10http://www.cipla.com/whatsnew/news.htm#20oct10http://www.cipla.com/whatsnew/news.htm#30nov10http://www.cipla.com/whatsnew/news.htm#30nov10http://www.cipla.com/whatsnew/news.htm#02mar11http://www.cipla.com/whatsnew/news.htm#02mar11


46/110


BHARAT HEAVY ELECTRICALS

Group / Index : A / SENSEX Face value : 2.00Scrip Code : 500103 Industry : Heavy Electrical Equipment


CASH EPS

Year CASH EPS

Mar 07 108.65

Mar 08 64.48

Mar 09 70.94

Mar 10 97.41

Mar 11 132.51

BOOK VALUE

Year Book value

Mar 07 359.06

Mar 08 220.10

Mar 09 264.32

Mar 10 325.16

Mar 11 411.71


Year NOI

Mar 07 709.38

Mar 08 399.19

Mar 09 543.68

Mar 10 678.75

Mar 11 858.45
http://en.wikipedia.org/wiki/Bharat_Heavy_Electricalshttp://en.wikipedia.org/wiki/Bharat_Heavy_Electricals


47/110


CURRENT RATIO

Year Current ratio

Mar 071.43

Mar 08 1.38

Mar 09 1.36

Mar 10 1.37

Mar 11 1.32



Mar 07 4.27

Mar 08 4.48Mar 09 5.20

Mar 10 5.15

Mar 11 5.31

0

100

200

300

400

500

600

700

800

900

1000


CASH EPS

Book value

NOI


48/110


DEBT/EQUITY RATIO

Year Debt/equity

Mar 070.01

Mar 08 0.01Mar 09

0.01

Mar 100.01

Mar 110.01



Mar 074.64

Mar 08 3.88

Mar 09 3.70

Mar 10 3.77

Mar 11 4.11


Year Net operating income

0

1

2

3

4

5

6


Current ratio


Debt/equity

Inventory turnover ratio


49/110


Mar 07 709.38

Mar 08 399.19

Mar 09 543.68

Mar 10 543.68Mar 11 858.45

0

100

200

300

400500

600

700

800

900

1000




50/110


TECHNICAL ANANYSIS

OWNERSHIP PATTERN

PERFORMANCE CHART

INDEX COMPARISION


51/110


HISTORY

We are an integrated power plant equipment manufacturer and one of the largestengineering and manufacturing companies in India in terms of turnover. We were establishedin 1964, ushering in the indigenous Heavy Electrical Equipment industry in India - a dream

that has been more than realized with a well-recognized track record of performance. Thecompany has been earning profits continuously since 1971-72 and paying dividends since1976-77

We are engaged in the design, engineering, manufacture, construction, testing,commissioning and servicing of a wide range of products and services for the core sectors ofthe economy, viz. Power, Transmission, Industry, Transportation, Renewable Energy, Oil &Gas and Defense. We have 15 manufacturing divisions, two repair units, four regionaloffices, eight service centers, eight overseas offices and 15 regional centers and currentlyoperate at more than 150 project sites across India and abroad. We place strong emphasis oninnovation and creative development of new technologies. Our research and development(R&D) efforts are aimed not only at improving the performance and efficiency of our existingproducts, but also at using state-of-the-art technologies and processes to develop newproducts. This enables us to have a strong customer orientation, to be sensitive to their needsand respond quickly to the changes in the market.

UPCOMING PROJECTS

NTPC and BHEL to set up joint venture for projects

NOTES1. BHEL is one of the Navratna Company.

2. It is having nice growth rate

3. Government wants to buy back shares from market to met its fiscal pilicy, is the main

reason why past few days performance is week.

4. Its overall ratios are increasing continuously

5. Its net operating income increased this year more rapidly.

6. Its shares face value is 2 & now its market value is 252.7. Its all ratios having sharp growth rate & having uptrend.


52/110


STATE BANK OF INDIA

Scrip Code 500112 Group / Index - A / SENSEX Face value 10.00 Industry Banks:


CASH EPS

Year CASH EPS

Mar 0797.73

Mar 08 117.33

Mar 09 155.69

Mar 10 159.06

Mar 11 145.75

BOOK VALUE

Year Book value

Mar 07 594.69

Mar 08 776.48

Mar 09 912.73

Mar 10 1,038.76

Mar 11 1,023.40


Year NOI

Mar 07833.38

Mar 08 899.83

Mar 09 1,179.45

Mar 10 1,353.15

Mar 11 1,504.34
http://en.wikipedia.org/wiki/State_Bank_Of_Indiahttp://en.wikipedia.org/wiki/State_Bank_Of_India


53/110


CURRENT RATIO

Year Current ratio

Mar 070.42

Mar 08 0.53

Mar 09 0.34

Mar 10 0.43

Mar 11 0.41



Mar 07 5.44

Mar 08 6.32Mar 09 7.20

Mar 10 7.26

Mar 11 7.24

0

200

400

600

800

1000

1200

1400

1600


CASH EPS

Book value

NOI


54/110


DEBT/EQUITY RATIO

Year Debt/equity

Mar 0713.91

Mar 08 10.96Mar 09

12.81

Mar 1012.19

Mar 1114.37

0

2

4

6

8

10

12

14

16


Current ratio


Debt/equity


55/110


NET PROFIT MARGINE (%)


Mar 07 833.38

Mar 08 899.83

Mar 09 1,179.45

Mar 10 1,353.15

Mar 11 1,504.34

0

200

400

600

800

1000

1200

1400

1600




56/110


TECHNICAL ANANYSIS

OWNERSHIP PATTERN

PERFORMANCE CHART

INDEX COMPARISION


57/110


HISTORY

T h e r o o t s o f t h e S t a t e B a n k o f I n d i a r e s t i n t h e f i r s t d e c a d e o f 1 9 t h c e n t u r y , w h e n T h e B a n k o f C a l c u t t a , l a t e r r e n a m e d T h e B a n k

o f Bengal, was established on 2 June 1806. The Bank of Bengal and two otherPresidency banks, namely, The Bank of Bombay (incorporated 15 April 1840)

a n d T h e Bank of Madras(incorporated on 1 July1843). All three Presidencybanks were incorporated as joint stock companies, a n d w e r e t h e r e s u l to f t h e r oyal. T h e s e t h r e e b a n k s r e c ei v e d t h e ex c l u si v e ri g h t t o i ss u epaper currency in 1861with the Paper Currency Act, a right they retained until theformation of the Reserve Bank of India. The Presidency banks amalgamated on27 January1921, and the reorganized banking entity took as its name I m p e r i a l B a n k o f I n d i a . T h e I m p e r i a l B a n k o f I n d i a c o n t i n u e d t o remain a joint stock company.Pursuant to the provisions of the State Bank of India Act (1955), the R e s e r v eB a n k o f I n d i a , w h i c h i s I n d i a ' s c e n t r a l b a n k , a c q u i r e d acontrolling interest in the Imperial Bank of India. On 30 April 1955the Imperial

Bank of India became the State Bank of India. The Govt. India recently acquired the ReserveBank of India's stake in SBI to remove any conflict of interest because the RBI is thecountry's banking regulatory authority.

NOTES

1. SBI is a leading company in banking sector

2. Its shares face value is 10 & now its market value is 2081.3. It is having great demand in market.4. Its overall ratios is increasing rapidly

5. Its net profit is also increasing.6. Its index comparison is also strong7. Its all ratios execept fixed assets turnover ratio is having uptrend.
http://en.wikipedia.org/wiki/Bank_of_Calcuttahttp://en.wikipedia.org/wiki/Bank_of_Bengalhttp://en.wikipedia.org/wiki/Bank_of_Bengalhttp://en.wikipedia.org/wiki/Bank_of_Bombayhttp://en.wikipedia.org/wiki/Bank_of_Madrashttp://en.wikipedia.org/wiki/Joint_stock_companyhttp://en.wikipedia.org/wiki/Reserve_Bank_of_Indiahttp://en.wikipedia.org/wiki/Imperial_Bank_of_Indiahttp://en.wikipedia.org/wiki/Reserve_Bank_of_Indiahttp://en.wikipedia.org/wiki/Reserve_Bank_of_Indiahttp://en.wikipedia.org/wiki/Central_Bankhttp://en.wikipedia.org/wiki/Govt._of_Indiahttp://en.wikipedia.org/wiki/Govt._of_Indiahttp://en.wikipedia.org/wiki/Central_Bankhttp://en.wikipedia.org/wiki/Reserve_Bank_of_Indiahttp://en.wikipedia.org/wiki/Reserve_Bank_of_Indiahttp://en.wikipedia.org/wiki/Imperial_Bank_of_Indiahttp://en.wikipedia.org/wiki/Reserve_Bank_of_Indiahttp://en.wikipedia.org/wiki/Joint_stock_companyhttp://en.wikipedia.org/wiki/Joint_stock_companyhttp://en.wikipedia.org/wiki/Bank_of_Madrashttp://en.wikipedia.org/wiki/Bank_of_Bombayhttp://en.wikipedia.org/wiki/Bank_of_Bengalhttp://en.wikipedia.org/wiki/Bank_of_Bengalhttp://en.wikipedia.org/wiki/Bank_of_Bengalhttp://en.wikipedia.org/wiki/Bank_of_Calcutta


58/110


RELIANCE INDUSTRIES

Group / Index : A / SENSEX Face value : 10.00500325 Industry : Integrated Oil & Gas


CASH EPS

Year CASH EPS

Mar 07121.84

Mar 08 127.14

Mar 09 133.14

Mar 10 79.00

Mar 11 101.50

BOOK VALUE

Year Book value

Mar 07 458.61Mar 08 548.73

Mar 09 802.54

Mar 10 419.43

Mar 11 462.95


Year NOI

Mar 07801.57

Mar 08 920.48

Mar 09 902.02

Mar 10 587.37

Mar 11 758.04
http://en.wikipedia.org/wiki/Reliance_Industrieshttp://en.wikipedia.org/wiki/Reliance_Industries


59/110


CURRENT RATIO

Year Current ratio

Mar 071.17

Mar 08 1.39

Mar 09 1.23

Mar 10 1.29

Mar 11 1.46



Mar 07 1.13

Mar 08 1.29Mar 09 1.01

Mar 10 0.94

Mar 11 1.58

0

100

200

300

400

500

600

700

800

900

1000


CASH EPS

Book value

NOI


60/110


DEBT/EQUITY RATIO

Year Debt/equity

Mar 070.45

Mar 08 0.46Mar 09

0.64

Mar 100.48

Mar 110.46



Mar 0710.65

Mar 08 10.57

Mar 09 12.92

Mar 10 8.29

Mar 11 9.59

0

2

4

6

8

10

12

14


Current ratio


Debt/equity


61/110


NET PROFIT MARGINE


Mar 07 259.98

Mar 08 348.57

Mar 09 464.77

Mar 10 436.03

Mar 11 524.34

0

100

200

300

400

500

600




62/110


TECHNICAL ANANYSIS

OWNERSHIP PATTERN

PERFORMANCE CHART

INDEX COMPARISION


63/110


HISTORY

The Reliance Group, founded by Dhirubhai H. Ambani (1932-2002), is India's largest private

sector enterprise, with businesses in the energy and materials value chain. Group's annual

revenues are in excess of US$ 58 billion. The flagship company, Reliance Industries Limited,

is a Fortune Global 500 company and is the largest private sector company in India.

Backward vertical integration has been the cornerstone of the evolution and growth of

Reliance. Starting with textiles in the late seventies, Reliance pursued a strategy of backward

vertical integration - in polyester, fibre intermediates, plastics, petrochemicals, petroleum

refining and oil and gas exploration and production - to be fully integrated along the materials

and energy value chain.

The Group's activities span exploration and production of oil and gas, petroleum refining and

marketing, petrochemicals (polyester, fibre intermediates, plastics and chemicals), textiles,

retail, infotel and special economic zones.

Reliance enjoys global leadership in its businesses, being the largest polyester yarn and fibre

producer in the world and among the top five to ten producers in the world in major

petrochemical products.

Major Group Companies are Reliance Industries Limited, including its subsidiaries

and Reliance Industrial Infrastructure Limited.

NOTES

1. Reliance Industries is a leading company in oil & gas sector

2. Its face value is 10 & now its market price is 7253. Its near about all ratios are continuously increasing day by day4. It is having much mare Goodwill in market5. Its market share is also high6. Its growth rate is also high7. Recently due to the intrest of FFI in it its Promoters share decreased from 55%

to 50%8. Its all ratios including Net profit margin in having uptrend.
http://www.ril.com/http://www.riil.in/http://www.riil.in/http://www.ril.com/


64/110


HERO MOTOCORP

Group / Index : A / SENSEX Face value : 2.00Scrip Code : 500182 Industry : 2/3 Wheelers


CASH EPS

Year CASH EPS

Mar 0749.96

Mar 08 56.50Mar 09 73.24

Mar 10 121.35

Mar 11 116.70

BOOK VALUE

Year Book value

Mar 07 123.70

Mar 08 149.55

Mar 09 190.33

Mar 10 173.52

Mar 11 148.03


Year NOI

Mar 07496.07

Mar 08 518.06

Mar 09 617.23

Mar 10 793.22

Mar 11 969.86
http://en.wikipedia.org/wiki/Hero_Motocorphttp://en.wikipedia.org/wiki/Hero_Motocorp


65/110


CURRENT RATIO

Year Current ratio

Mar 070.56

Mar 08 0.48

Mar 09 0.46

Mar 10 0.57

Mar 11 0.23



Mar 07 6.01

Mar 08 5.89Mar 09 5.34

Mar 10 6.29

Mar 11 3.70

0

200

400

600

800

1000

1200


CASH EPS

Book value

NOI


66/110


DEBT/EQUITY RATIO

Year Debt/equity

Mar 070.06

Mar 08 0.04Mar 09

0.02

Mar 100.01

Mar 110.50



Mar 0747.48

Mar 08 42.82

Mar 09 47.53

Mar 10 42.80

Mar 11 43.88

0

5

10

15

20

25

30

35

40

45

50


Current ratio


Debt/equity


67/110




Mar 07 496.07

Mar 08 518.06

Mar 09 617.23

Mar 10 793.22

Mar 11 969.86

0

200

400

600

800

1000

1200




68/110


TECHNICAL ANANYSIS

OWNERSHIP PATTERN

PERFORMANCE CHART

INDEX COMPARISION


69/110


HISTORY

Hero is the brand name used by the Munjal brothers for their flagship company

Hero Cycles Ltd. A joint venture between the Hero Group and Honda Motor Company wasestablished in 1984 as the Hero Honda Motors Limited at Dharuhera India. Munjal family

and Honda group both own 26% stake in the Company. In 2010, it was reported thatHonda planned to sell its stake in the venture to the Munjal family.

During the 1980s, the company introduced motorcycles that were popular in India fortheir fuel economy and low cost. A popular advertising campaign based on the slogan 'Fill it -

Shut it - Forget it' that emphasized the motorcycle's fuel efficiency helped the company grow

at a double-digit pace since inception. The technology in the bikes of Hero Honda for almost

26 years (19842010) has come from the Japanese counterpart Honda

Hero Motocorp Ltd. Formerly Hero Honda is an

Indian motorcycle and scooter manufacturer based in New Delhi, India. Hero Honda started

in 1984 as a joint venture between Hero Cycles of India and Honda of Japan. The company is

the largest two wheeler manufacturer in India. The 2006 Forbes 200 Most Respectedcompanies list has Hero Honda Motors ranked at 108.

In 2010, When Honda decided to move out of the joint venture, Hero Group bought

the shares held by Honda. Subsequently, in August 2011 the company was renamed Hero

Motocorp with a new corporate identity

NOTES

1. It is a leading company in transport equipments.

2. Its face value is 2 & its market price is 1993

3. Its book value, fixed assets turnover ratio is having downtrend.4. Its other ratios having uptrend.5. Its all ratios generally having rapid growth.6. After its demerger also it contineously earn profit.7. Its inventory turnover ratio is having double bottom during 2008-2010.8. We can plot upward trendline for its Net profit margine.
http://en.wikipedia.org/wiki/Dharuherahttp://en.wikipedia.org/wiki/Hondahttp://en.wikipedia.org/wiki/Hero_Honda_Splithttp://en.wikipedia.org/wiki/Hondahttp://en.wikipedia.org/wiki/Motorcyclehttp://en.wikipedia.org/wiki/Scooter_(motorcycle)http://en.wikipedia.org/wiki/New_Delhi,_Indiahttp://en.wikipedia.org/wiki/Hero_Cycleshttp://en.wikipedia.org/wiki/Hondahttp://en.wikipedia.org/wiki/Hero_Honda_Splithttp://en.wikipedia.org/wiki/Hero_Honda_Splithttp://en.wikipedia.org/wiki/Hondahttp://en.wikipedia.org/wiki/Hero_Cycleshttp://en.wikipedia.org/wiki/New_Delhi,_Indiahttp://en.wikipedia.org/wiki/Scooter_(motorcycle)http://en.wikipedia.org/wiki/Motorcyclehttp://en.wikipedia.org/wiki/Hondahttp://en.wikipedia.org/wiki/Hero_Honda_Splithttp://en.wikipedia.org/wiki/Hondahttp://en.wikipedia.org/wiki/Dharuhera


70/110


TATA POWER

Group / Index: A / SENSEX Face value:1.00 ScripCode:500400 Industry : ElectricUtilities


CASH EPS

Year CASH EPS

Mar 0739.44

Mar 08 34.75

Mar 09 36.78

Mar 10 57.76

Mar 11 56.20

BOOK VALUE

Year Book value

Mar 07 302.42

Mar 08 362.04

Mar 09 390.36

Mar 10 443.83

Mar 11 473.65


Year NOI

Mar 07 248.54

Mar 08 267.77

Mar 09 327.74

Mar 10 299.37

Mar 11 290.82
http://en.wikipedia.org/wiki/Tata_Powerhttp://en.wikipedia.org/wiki/Tata_Power


71/110


CURRENT RATIO

Year Current ratio

Mar 072.25

Mar 08 2.04

Mar 09 2.10

Mar 10 2.45

Mar 11 2.02



Mar 07 0.78

Mar 08 0.91Mar 09 0.80

Mar 10 0.70

Mar 11 0.65

0

50

100

150

200

250

300

350

400

450

500


NOI

Book value

CASH EPS


72/110


DEBT/EQUITY RATIO

Year Debt/equity

Mar 070.61

Mar 08 0.38Mar 09

0.60

Mar 100.56

Mar 110.62



Mar 0716.07

Mar 08 18.70

Mar 09 15.49

Mar 10 18.98

Mar 11 17.79

0

2

4

6

8

10

12

14

16

18

20


Current ratio


Debt/equity


73/110




Mar 07 13.26

Mar 08 14.35

Mar 09 12.32

Mar 10 12.88

Mar 11 12.78

11

11.5

12

12.5

13

13.5

14

14.5

15




74/110


TECHNICAL ANANYSIS

OWNERSHIP PATTERN

PERFORMANCE CHART

INDEX COMPARISION


75/110


HISTORY

Tata Poweris Indias oldest and largest private sectorelectric utility company an

installed generation capacity of over 5000 MWThe firm started as the Tata Hydroelectric Power Supply Company in 1911, which

amalgamated with the Andhra Valley Power Supply Company in 1916; it commissioned

Indias first large hydro-electric project in 1915 in Bhivpuri and Khopoli, Karjat. Today the

company is Indias largest private sector electricity generating company with an installed

generation capacity of over 5000 MW. It has a presence in thermal, hydro, solar and wind

areas of power generation, transmission and retail.

UPCOMING PROJECTS

1. Tata Power has entered into a 51:49 joint venture with Power Grid Corporation ofIndia for the 1200 km Tala transmission project, Indias first transmission project

executed with public-private partnership financing.

2. The company has won a contract for building 4000 MW power plant at Mundra. Forthe first time in India a 4000MW power plant is being built in one single large

construction project; all earlier large projects have involved stage construction.

3. The company has also entered into a 74:26 joint venture with Damodar ValleyCorporation for building a 1050 MW coal based thermal power plant at Maithon inDhanbad district of Jharkhand, into a 74:26 joint venture with Tata Steel Limited for

setting up of power plants to meet the captive requirements of Tata Steel. It hascommissioned 120MW power plant in Jojobera in 2009 and in the process of

commissioning another 120 MW.

4. Tata Power has announced its partnership with Sunengy an Australian firm to buildIndia's first floating solar plant based on Liquid Solar Array technology.

NOTES

1. Tata power is leading company in power sector.

2. It is having goodwill in market as a Tata group company.

3. Its shares face value is 2 & its market value is 96..4. Its overall ratios are also increasing.5. Its inventory turnover ratio is having Head & shoulders Pattern6. Its book value is having sharp upward trend line7. Its index comparison is also strong
http://en.wikipedia.org/wiki/Electric_utilityhttp://en.wikipedia.org/wiki/Hydro-electrichttp://en.wikipedia.org/wiki/Bhivpurihttp://en.wikipedia.org/wiki/Khopolihttp://en.wikipedia.org/wiki/Karjathttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/PowerGrid_Corporation_of_Indiahttp://en.wikipedia.org/wiki/PowerGrid_Corporation_of_Indiahttp://en.wikipedia.org/wiki/Public-private_partnershiphttp://en.wikipedia.org/w/index.php?title=Liquid_Solar_Array&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Liquid_Solar_Array&action=edit&redlink=1http://en.wikipedia.org/wiki/Public-private_partnershiphttp://en.wikipedia.org/wiki/PowerGrid_Corporation_of_Indiahttp://en.wikipedia.org/wiki/PowerGrid_Corporation_of_Indiahttp://en.wikipedia.org/wiki/Indiahttp://en.wikipedia.org/wiki/Karjathttp://en.wikipedia.org/wiki/Khopolihttp://en.wikipedia.org/wiki/Bhivpurihttp://en.wikipedia.org/wiki/Hydro-electrichttp://en.wikipedia.org/wiki/Electric_utility


76/110


MAHINDRA & MAHINDRA

Group / Index: A / SENSEX Face value: 5.00 Scrip Code:500520 Industry: Cars &Utility Vehicles


CASH EPS

Year CASH EPS

Mar 08 56.16

Mar 09 41.39Mar 10 43.44

Mar 11 52.38

BOOK VALUE

Year Book value

Mar 08 181.39

Mar 09 191.90

Mar 10 138.15

Mar 11 175.04


Year NOI

Mar 08 473.09

Mar 09 479.84

Mar 10 327.20

Mar 11 399.79
http://en.wikipedia.org/wiki/Mahindra_%26_Mahindrahttp://en.wikipedia.org/wiki/Mahindra_%26_Mahindra


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CURRENT RATIO

Year Current ratio

Mar 08 1.10

Mar 09 1.06

Mar 10 1.11

Mar 11 0.86



Mar 08 3.22

Mar 09 2.84

Mar 10 3.85Mar 11 4.08

0

100

200

300

400

500

600

8-Mar 9-Mar 10-Mar 11-Mar

CASH EPS

Book value

NOI


78/110


DEBT/EQUITY RATIO

Year Debt/equity

Mar 080.59

Mar 09 0.77Mar 10

0.36

Mar 110.23



Mar 08 12.49

Mar 09 14.56

Mar 10 17.91

Mar 11 15.64

0

2

4

6

8

10

12

14

16

18

20


Current ratio


Debt/equity


79/110




Mar 08 9.45

Mar 09 6.25

Mar 10 11.08

Mar 11 11.14

0

2

4

6

8

10

12

14




80/110


TECHNICAL ANANYSIS

OWNERSHIP PATTERN

PERFORMANCE CHART

INDEX COMPARISION


81/110


HISTORY

Mahindra & Mahindra Limited (M&M) is an Indian multinational

automaker headquartered in Mumbai, Maharashtra, India. It is one of the largest automobile

manufacturers by production in India and a subsidiary ofMahindra Group conglomerate. The

company was founded in 1945 in Ludhiana as Mahindra & Mohammed by brothers K.C.Mahindra and J.C. Mahindra and Malik Ghulam Mohammed. After India

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