INTRODUCTION

In todays fast developing Indian economy, among the various financial institutions,
the share market has become a major source of investment for every category of
investors ranging from big institutional investors to small individual investor.
Unlike earlier days when common man used to invest his savings in less risky and
well trusted financial institutions and instruments like public and private sector Banks,
Government Bonds and policies etc., todays investors have realied that stock market
is a crucial source of earning !uicker and higher returns on their investments as
compared to the returns earned in traditional investment methods.
SCOPE OF THE DATA:
"he project work has been done in the city of #yderabad the companies considered
are corporate level companies. "he analysis done is purely based on the data collected
as described in the methodology above. "his analysis done for the purpose of
investment in the shares under various companies.
OBJECTIVES OF STUDY:
$% &!uity analysis' to analye the performance of the companies considered so as
to determine the standing of e!uity.
(% "o analye the short)term share price movement of the above considered
companies.
*% "he purpose of the study is to analye the factors that affect the companys
performance.
+% "o analye each stock according to sector wise.
RESEARCH METHODOLOGY:
, common training programme was attended at -&"./0"# 1"/23 B0/3I-G
4imited, 5ilsukhnagar, #yderabad. 6or general awareness of capital markets in India.
"he instructors of training programme have provided advisory support regarding the
procedure of performing the project work and with certain references for data
collection.
"he investors are use the above method and the analye the share price and they are
invested in the various companies.
SOURCE OF DATA:
,ll the data for the analysis have been collected from respective company websites
and other websites as !uoted at the end of the project report.
"he fundamental data collected was regarding the Indian economy, Industrial level
performance, individual company balance sheet, income statements, annual reports
and shareholding patterns.
"he theoretical data has been gathered from te7t books, websites and newspapers.
1hare price !uotations have been collected from newspapers
LITERATURE REVIEW
"he concept of capital market is in a way $(8 years old. 2apital market was known as
9share baaar: it was also treated as a :satta baaar: starting of capital market concept
in India took place with the birth of Bombay 1tock &7change.
, securities contract ;0egulation% ,ct of $8<= of India was first major step to
recognie capital market. Bombay 1tock &7change got first recognition in $8<= under
this act.
Bombay 1tock &7change, which was the major stock e7change, in way had monopoly
in the Indian capital market till the birth of -ational 1tock &7change. Bombay 1tock
&7change celebrated its $(<th jubilee year in the (>>>. "he capital market, the stock
e7change, the &!uity concept was baby till $8=>. ,nd the concept of mutual fund was
introduced by the government with the formation of Unit "rust of India in $8=*)=+.
2apital market in India is a new development compared to the western world. India
was known as under developed country from the view point of economic and
industrial growth. ,fter getting freedom in $8+?, India started thinking about planned
development in $8+@. "he first industrial policy development statement was made on
,pril =th $8+@.
"he concept of capital market is directly linked with industrial development of
country. It is also treated as barometer of economic growth. Industrial development
started in India in $8th century, there were very few entrepreneurs known as "atas,
Birlas, etc. who started industries in their own country i.e. India. In the (>
th
century
first !uarter, this group started big industries in major metropolitan cities.

1tock e7changes have a very important function to fulfill in the countrys economy. Its
main function is to li!uefy capital by enabling a person who has invested money in.
"he stock e7change is really an essential pillar of the private sector corporate
economy.
"he stock e7change provides a market place for purchase and sale of securities i.e.
shares, bonds, debentures, etcA
"he stock e7change provides the linkage between the saving in the house hold sector
and the investment in corporate economy.
By providing a market !uotation of the prices of shares and bonds a sort of collective
judgment simultaneously reached by many buyers and sellers in the market. "he stock
e7changes serve the role of barometer. &7changes serve the role of barometer, not
only the state of health of individual companies, but also of the nations economy as a
whole.
,nother important function that the stock e7change in India discharge is of providing
market for gilt)edged securities i.e. securities issued by the government sectors,
municipalities, improvement trust, and other public bodies.
"here are (( stock e7change in India, the first being the Bombay 1tock &7change
;B1&%,which began formal trading in $@?<, making it one of the oldest in ,sia. /ver
the last few years, there has been a rapid change in the Indian securities market,
especially in the secondary market. ,dvanced technology and online)based
transactions have modernied the stock e7changes. In terms of the number of
companies listed and total market capitaliation, the Indian e!uity market is
considered large relative to the countrys stage of economic development. "he number
of listed companies increased from <,8=@ in Barch $88> to about $>,>>> by Bay $88@
and market capitaliation has grown almost $$ times during the same period. "he debt
market, however, is almost none7istent in India even though there has been a large
volume of Government bonds traded. Banks and financial institutions have been
holding a substantial part of these bonds as statutory li!uidity re!uirement. "he
portfolio restrictions on financial institutions statutory li!uidity re!uirement are still in
place.
, primary auction market for Government securities has been created and a primary
dealer system was introduced in $88<. "here are si7 authoried primary dealers.
2urrently, there are *$ mutual funds, out of which ($ are in the private sector. Butual
funds were opened to the private sector in $88(. &arlier, in $8@?, banks were allowed
to enter this business, breaking the monopoly of the Unit "rust of India ;U"I%, which
maintains a dominant position. Before $88(, many factors obstructed the e7pansion of
e!uity trading. 6resh capital issues were controlled through the 2apital Issues 2ontrol
,ct. "rading practices were not transparent, and there was a large amount of insider
trading. 0ecogniing the importance of increasing investor protection, several
measures were enacted to improve the fairness of the capital market. "he 1ecurities
and &7change Board of India ;1&BI% was established in $8@@. 5espite the rules it set,
problems continued to e7ist, including those relating to disclosure criteria, lack of
broker capital ade!uacy, and poor regulation of merchant bankers and underwriters.
"here have been significant reforms in the regulation of the securities market since
$88( in conjunction with overall economic and financial reforms.

In $88(, the 1&BI ,ct was enacted giving 1&BI statutory as an ape7 regulatory body.
,nd a series of reforms was introduced to improve investor protection.
,utomation of stock trading, integration of national markets, and efficiency
of market operations. India has seen a tremendous change in the secondary market for
e!uity. Its e!uity market will most likely be comparable with the worlds most
advanced secondary markets within a year or two. "he key ingredients that underlie
market !uality in Indias e!uity market are'
&7change based on open electronic limit order bookC
-ationwide integrated market with a large number of informed traders
and fluency of short or long positionsC and
-o counter party risk.

SECURITY ANALYSIS
Investment success is pretty much a matter of careful selection and timing of stock purchases
coupled with perfect matching to an individuals risk tolerance. In order to carry out selection,
timing and matching actions an investor must conduct deep security analysis.
Investors purchase e!uity shares with two basic objectivesC
$. "o make capital profits by selling shares at higher prices.
(. "o earn dividend income.
"hese two factors are affected by a host of factors. ,n investor has to carefully understand
and analye all these factors. "here are basically two approaches to study security prices and
valuation i.e. fundamental analysis and technical analysis
"he value of common stock is determined in large measure by the performance of the firm
that issued the stock. If the company is healthy and can demonstrate strength and growth, the
value of the stock will increase. .hen values increase then prices follow and returns on an
investment will increase. #owever, just to keep the savvy investor on their toes, the mi7 is
complicated by the risk factors involved. 6undamental analysis e7amines all the dimensions
of risk e7posure and the probabilities of return, and merges them with broader economic
analysis and greater industry analysis to formulate the valuation of a stock.
FUNDAMENTAL ANALYSIS
6undamental analysis is a method of forecasting the future price movements of a financial
instrument based on economic, political, environmental and other relevant factors and
statistics that will affect the basic supply and demand of whatever underlies the financial
instrument. It is the study of economic, industry and company conditions in an effort to
determine the value of a companys stock. 6undamental analysis typically focuses on key
statistics in companys financial statements to determine if the stock price is correctly valued.
"he term simply refers to the analysis of the economic well)being of a financial entity as
opposed to only its price movements.
6undamental analysis is the cornerstone of investing. "he basic philosophy underlying the
fundamental analysis is that if an investor invests re.$ in buying a share of a company, how
much e7pected returns from this investment he has.
"he fundamental analysis is to appraise the intrinsic value of a security. It insists that no one
should purchase or sell a share on the basis of tips and rumors. "he fundamental approach
calls upon the investors to make his buy or sell decision on the basis of a detailed analysis of
the information about the company, about the industry, and the economy. It is also known as
9top)down approach:. "his approach attempts to study the economic scenario, industry
position and the company e7pectations and is also known as economicin!"#$%&com'(n&
(''%o(c) *EIC (''%o(c)+,.
"hus the EIC (''%o(c) involves three steps'
$. &conomic analysis
(. Industry analysis
*. 2ompany analysis
?
@
$. ECONOMIC ANALYSIS
"he level of economic activity has an impact on investment in many ways. If the economy
grows rapidly, the industry can also be e7pected to show rapid growth and vice versa. .hen
the level of economic activity is low, stock prices are low, and when the level of economic
activity is high, stock prices are high reflecting the prosperous outlook for sales and profits of
the firms. "he analysis of macro economic environment is essential to understand the
behavior of the stock prices.
"he commonly analyed macro economic factors are as follows'
G%o## Dome#$ic P%o!"c$ *GDP+: G5D indicates the rate of growth of the economy. It
represents the aggregate value of the goods and services produced in the economy. It consists
of personal consumption e7penditure, gross private domestic investment and government
e7penditure on goods and services and net e7ports of goods and services. "he growth rate of
economy points out the prospects for the industrial sector and the return investors can e7pect
from investment in shares. "he higher growth rate is more favorable to the stock market.
S(-in.# (n! in-e#$men$: It is obvious that growth re!uires investment which in turn re!uires
substantial amount of domestic savings. 1tock market is a channel through which the savings
are made available to the corporate bodies. 1avings are distributed over various assets like
e!uity shares, deposits, mutual funds, real estate and bullion. "he savings and investment
patterns of the public affect the stock to a great e7tent.
In/0($ion: ,long with the growth of G5D, if the inflation rate also increases, then the real
growth would be very little. "he effects of inflation on capital markets are numerous. ,n
8
increase in the e7pected rate of inflation is e7pected to cause a nominal rise in interest rates.
,lso, it increases uncertainty of future business and investment decisions. ,s inflation
increases, it results in e7tra costs to businesses, thereby s!ueeing their profit margins and
leading to real declines in profitability.
In$e%e#$ %($e#: "he interest rate affects the cost of financing to the firms. , decrease in
interest rate implies lower cost of finance for firms and more profitability. Bore money is
available at a lower interest rate for the brokers who are doing business with borrowed
money. ,vailability of cheap funds encourages speculation and rise in the price of shares.
T(1 #$%"c$"%e: &very year in Barch, the business community eagerly awaits the
Governments announcement regarding the ta7 policy. 2oncessions and incentives given to a
certain industry encourage investment in that particular industry. "a7 reliefs given to savings
encourage savings. "he type of ta7 e7emption has impact on the profitability of the
industries.
In/%(#$%"c$"%e /(ci0i$ie#: Infrastructure facilities are essential for the growth of industrial and
agricultural sector. , wide network of communication system is a must for the growth of the
economy. 0egular supply of power without any power cut would
boost the production. Banking and financial sectors also should be sound enough to provide
ade!uate support to the industry. Good infrastructure facilities affect the stock market
favorably.
$>
23 INDUSTRY ANALYSIS
,n industry is a group of firms that have similar technological structure of production and
produce similar products and Industry analysis is a type of business research that focuses on
the status of an industry or an industrial sector ;a broad industry classification, like
EmanufacturingE%. Irrespective of specific economic situations, some industries might be
e7pected to perform better, and share prices in these industries may not decline as much as in
other industries. "his identification of economic and industry specific factors influencing
share prices will help investors to identify the shares that fit individual e7pectations
In!"#$%& Li/e C&c0e: "he industry life cycle theory is generally attributed to Fulius
Grodensky. "he life cycle of the industry is separated into four well defined stages.
Pioneering stage: "he prospective demand for the product is promising in this stage
and the technology of the product is low. "he demand for the product attracts many
producers to produce the particular product. "here would be severe competition and
only fittest companies survive this stage. "he producers try to develop brand name,
differentiate the product and create a product image. In this situation, it is difficult to
select companies for investment because the survival rate is unknown.
Rapid growth stage: "his stage starts with the appearance of surviving firms from the
pioneering stage. "he companies that have withstood the competition grow strongly in
market share and financial performance. "he technology of the production would
have improved resulting in low cost of production and good !uality products. "he
companies have stable growth rate in this stage and they declare dividend to the share)
holders. It is advisable to invest in the shares of these companies.
$$
Maturity and stabilization stage: the growth rate tends to moderate and the rate of
growth would be more or less e!ual to the industrial growth rate or the gross domestic
product growth rate. 1ymptoms of obsolescence may appear in the technology. "o
keep going, technological innovations in the production process and products should
be introduced. "he investors have to closely monitor the events that take place in the
maturity stage of the industry.
Decline stage: demand for the particular product and the earnings of the companies in
the industry decline. It is better to avoid investing in the shares of the low growth
industry even in the boom period. Investment in the shares of these types of
companies leads to erosion of capital.
G%o4$) o/ $)e in!"#$%&: "he historical performance of the industry in terms of growth and
profitability should be analyed. "he past variability in return and growth in reaction to
macro economic factors provide an insight into the future.
N($"%e o/ com'e$i$ion: -ature of competition is an essential factor that determines the
demand for the particular product, its profitability and the price of the concerned company
scrips. "he companiesG ability to withstand the local as well as the multinational competition
counts much. If too many firms are present in the organied sector, the competition would be
severe. "he competition would lead to a decline in the price of the product. "he investor
before investing in the scrip of a company should analye the market share of the particular
companyGs product and should compare it with the top five companies.
$(
SWOT (n(0&#i#: 1./" analysis represents the strength, weakness, opportunity and threat
for an industry. &very investor should carry out a 1./" analysis for the chosen industry.
"ake for instance, increase in demand for the industrys product becomes its strength,
presence of numerous players in the market, i.e. competition becomes the threat to a
particular company. "he progress in 0 H 5 in that industry is an opportunity and entry of
multinationals in the industry is a threat. In this way the factors are to be arranged and
analyed.
*. COMPANY ANALYSIS
In the company analysis the investor assimilates the several bits of information related to the
company and evaluates the present and future values of the stock. "he risk and return
associated with the purchase of the stock is analyed to take better investment decisions. "he
present and future values are affected by a number of factors.
Com'e$i$i-e e!.e o/ $)e com'(n&: Bajor industries in India are composed of hundreds of
individual companies. "hough the number of companies is large, only few companies control
the major market share. "he competitiveness of the company can be studied with the help of
the followingC
Market share: "he market share of the annual sales helps to determine a companys
relative competitive position within the industry. If the market share is high, the
company would be able to meet the competition successfully. "he companies in the
market should be compared with like product groups otherwise, the results will be
misleading.
Growth of sales: "he rapid growth in sales would keep the shareholder in a better
position than one with stagnant growth rate. Investors generally prefer sie and
$*
growth in sales because the larger sie companies may be able to withstand the
business cycle rather than the company of smaller sie.
Stability of sales: If a firm has stable sales revenue, it will have more stable earnings.
"he fall in the market share indicates the declining trend of company, even if the sales
are stable. #ence the stability of sales should be compared with its market share and
the competitors market share.
E(%nin.# o/ $)e com'(n&: 1ales alone do not increase the earnings but the costs and
e7penses of the company also influence the earnings. 6urther, earnings do not always
increase with increase in sales. "he companys sales might have increased but its earnings per
share may decline due to rise in costs. #ence, the investor should not only depend on the
sales, but should analye the earnings of the company.
Fin(nci(0 (n(0&#i#: "he best source of financial information about a company is its own
financial statements. "his is a primary source of information for evaluating the investment
prospects in the particular companys stock. 6inancial statement analysis is the study of a
companys financial statement from various viewpoints. "he statement gives the historical
and current information about the companys operations. #istorical financial statement helps
to predict the future and the current information aids to analye the present status of the
company. "he two main statements used in the analysis are Balance sheet and Drofit and 4oss
,ccount.
"he balance sheet is one of the financial statements that companies prepare every year for
their shareholders. It is like a financial snapshot, the companyGs financial situation at a
moment in time. It is prepared at the year end, listing the companyGs current assets and
$+
liabilities. It helps to study the capital structure of the company. It is better for the investor to
avoid a company with e7cessive debt component in its capital structure. 6rom the balance
sheet, li!uidity position of the company can also be assessed with the information on current
assets and current liabilities.
R($io (n(0&#i#: 0atio is a relationship between two figures e7pressed mathematically.
6inancial ratios provide numerical relationship between two relevant financial data. 6inancial
ratios are calculated from the balance sheet and profit and loss account. "he relationship can
be either e7pressed as a percent or as a !uotient. 0atios summarie the data for easy
understanding, comparison and interpretations.
0atios for investment purposes can be classified into profitability ratios, turnover ratios, and
leverage ratios. Drofitability ratios are the most popular ratios since investors prefer to
measure the present profit performance and use this information to forecast the future
strength of the company. "he most often used profitability ratios are return on assets, price
earnings multiplier, price to book value, price to cash flow, and price to sales, dividend yield,
return on e!uity, present value of cash flows, and profit margins.
(+ Re$"%n on A##e$# *ROA+
0/, is computed as the product of the net profit margin and the total asset turnover ratios.
ROA 5 *Ne$ P%o/i$6To$(0 income+ 1 *To$(0 income6To$(0 A##e$#+
"his ratio indicates the firmGs strategic success. 2ompanies can have one of two strategies'
cost leadership, or product differentiation. 0/, should be rising or keeping pace with the
companyGs competitors if the company is successfully pursuing either of these strategies, but
how 0/, rises will depend on the companyGs strategy. 0/, should rise with a successful
$<
cost leadership strategy because the companys increasing operating efficiency. ,n e7ample
is an increasing, total asset, turnover ratio as the company e7pands into new markets,
increasing its market share. "he company may achieve leadership by using its assets more
efficiently. .ith a successful product differentiation strategy, 0/, will rise because of a
rising profit margin.
7+ Re$"%n on In-e#$men$ *ROI+
0/I is the return on capital invested in business, i.e., if an investment 0s $ crore in men,
machines, land and material is made to generate 0s. (< lakhs of net profit, then the 0/I is
(<I. "he computation of return on investment is as follows'
Re$"%n on In-e#$men$ *ROI+ 5 *Ne$ '%o/i$6E8"i$& in-e#$men$#+ 1 9::
,s this ratio reveals how well the resources of a firm are being used, higher the ratio, better
are the results. "he return on shareholders investment should be compared with the return of
other similar firms in the same industry. "he inert)firm comparison of this ratio determines
whether the investments in the firm are attractive or not as the investors would like to invest
only where the return is higher.
c+ Re$"%n on E8"i$&
0eturn on e!uity measures how much an e!uity shareholderGs investment is actually earning.
"he return on e!uity tells the investor how much the invested rupee is earning from the
company. "he higher the number, the better is the performance of the company and suggests
the usefulness of the projects the company has invested in.
"he computation of return on e!uity is as follows'
$=
Re$"%n on e8"i$& 5 *Ne$ '%o/i$ $o o4ne%#6-(0"e o/ $)e #'eci/ic o4ne%;#
Con$%i7"$ion $o $)e 7"#ine##+ 1 9::
"he ratio is more meaningful to the e!uity shareholders who are invested to know profits
earned by the company and those profits which can be made available to pay dividend to
them.
!+ E(%nin.# 'e% S)(%e *EPS%
"his ratio determines what the company is earning for every share. 6or many investors,
earnings are the most important tool. &D1 is calculated by dividing the earnings ;net profit%
by the total number of e!uity shares.
"he computation of &D1 is as follows'
E(%nin.# 'e% #)(%e 5 Ne$ '%o/i$6N"m7e% o/ #)(%e# o"$#$(n!in.
"he &D1 is a good measure of profitability and when compared with &D1 of similar other
companies, it gives a view of the comparative earnings or earnings power of a firm. &D1
calculated for a number of years indicates whether or not earning power of the company has
increased.
e+ Di-i!en! 'e% S)(%e *DPS+
"he e7tent of payment of dividend to the shareholders is measured in the form of dividend
per share. "he dividend per share gives the amount of cash flow from the company to the
owners and is calculated as follows'
Di-i!en! 'e% #)(%e 5 To$(0 !i-i!en! '(&men$ 6 N"m7e% o/ #)(%e# o"$#$(n!in.
$?
"he payment of dividend can have several interpretations to the shareholder. "he distribution
of dividend could be thought of as the distribution of e7cess profitsJabnormal profits by the
company. /n the other hand, it could also be negatively interpreted as lack of investment
opportunities. In all, dividend payout gives the e7tent of inflows to the shareholders from the
company.
/+ Di-i!en! P(&o"$ R($io
6rom the profits of each company a cash flow called dividend is distributed among its
shareholders. "his is the continuous stream of cash flow to the owners of shares, apart from
the price differentials ;capital gains% in the market. "he return to the shareholders, in the form
of dividend, out of the companyGs profit is measured through the payout ratio. "he payout
ratio is computed as follows'
P(&o"$ R($io 5 *Di-i!en! 'e% #)(%e 6 E(%nin.# 'e% #)(%e+ < 9::
"he percentage of payout ratio can also be used to compute the percentage of retained
earnings. "he profits available for distribution are either paid as dividends or retained
internally for business growth opportunities. #ence, when dividends are not declared, the
entire profit is ploughed back into the business for its future investments.
.+ Di-i!en! Yie0!
5ividend yield is computed by relating the dividend per share to the market price of the
share. "he market place provides opportunities for the investor to buy the companyGs share at
any point of time. "he price at which the share has been bought from the market is the actual
cost of the investment to the shareholder. "he market price is to be taken as the cum)dividend
price. 5ividend yield relates the actual cost to the cash flows received from the company. "he
computation of dividend yield is as follows
$@
Di-i!en! &ie0! 5 *Di-i!en! 'e% #)(%e 6 M(%=e$ '%ice 'e% #)(%e+ < 9::
#igh dividend yield ratios are usually interpreted as undervalued companies in the market.
"he market price is a measure of future discounted values, while the dividend per share is the
present return from the investment. #ence, a high dividend yield implies that the share has
been under priced in the market. /n the other hand a low dividend yield need not be
interpreted as overvaluation of shares. , company that does not pay out dividends will not
have a dividend yield and the real measure of the market price will be in terms of earnings
per share and not through the dividend payments.
)+ P%ice6E(%nin.# R($io *P6E+
"he DJ& multiplier or the price earnings ratio relates the current market price of the share to
the earnings per share. "his is computed as follows'
P%ice6e(%nin.# %($io 5 C"%%en$ m(%=e$ '%ice 6 E(%nin.# 'e% #)(%e
"his ratio is calculated to make an estimate of appreciation in the value of a share of a
company and is widely used by investors to decide whether or not to buy shares in a
particular company. Bany investors prefer to buy the companyGs shares at a low DJ& ratio
since the general interpretation is that the market is undervaluing the share and there will be a
correction in the market price sooner or later. , very high DJ& ratio on the other hand implies
that the companyGs shares are overvalued and the investor can benefit by selling the shares at
this high market price.
i+ De7$$oE8"i$& R($io
$8
5ebt)&!uity ratio is used to measure the claims of outsiders and the owners against the firms
assets.
De7$$oe8"i$& %($io 5 O"$#i!e%# F"n!# 6 S)(%e)o0!e%# F"n!#
"he debt)e!uity ratio is calculated to measure the e7tent to which debt financing has been
used in a business. It indicates the proportionate claims of owners and the outsiders against
the firms assets. "he purpose is to get an idea of the cushion available to outsiders on the
li!uidation of the firm.
(>
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research due to time constraints, our highly e7perienced team of advisors will help you
.e$ #$(%$e! and meet your financial goals.

D(& T%(!in. M If you thrive on the thrill of riding the market wave on a daily basis, we
offer our 5ay "raders the resources you would need to strategie, buy and sell
conveniently.
-etworths products and services are geared towards meeting your individual financial
re!uirements. "o find out more about a product J service, click on it from the menu on the
left.
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DEPOSITORY SERVICES :
.e offer 5epository facilities to facilitate a seamless transaction platform as a part of our
value)added services for our clients. -etworth is a depository participant with the 2entral
5epository 1ervices ;India% 4td. ;2514% and -ational 1ecurities 5epository 4td. ;-154% for
trading and settlement of dematerialied shares
WEALTH MANAGEMENT SERVICES
It is our aim to empower clients by helping them to diversify their investments. "o this end,
-etworth has added a range of products such as Butual 6unds, Insurance and online facilities
to its offerings.
.e meet our clients on an individual basis and analyse important factors such as your risk
appetite, investment horion and your e7isting investments before making our
recommendations as to what clients should invest in. "he fund and scheme selection is then
done after conducting in) depth research on parameters like risk adjusted returns, rolling
returns, volatility and portfolio churn. .e are also in close contact with fund houses as well
as insurance agencies and are therefore always cognisant with new offerings and occurrences
in the market and like to keep our clients updated on the same.
/ur clients can pick from M"$"(0 F"n!#? IPO#, and In#"%(nce products.
/ur .ealth Banagement 1ervices include Po%$/o0io M(n(.emen$ Se%-ice# *PMS+
PRODUCTS
E@UITIES:
/ur e7perienced trading consultants and advanced trading tools will provide the support you
need to achieve your long)term goals via the stock markets. .e trade on the B1&, -1& and
2- and our website has facilities such as live stock tickers, news updates, and more, to help
our clients stay in the know. .e also provide -0I specific services to meet the needs of our
clients who live abroad
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COMMODITIES<
Indian markets have recently thrown open a new avenue for investors and traders to
participate' 2/BB/5I"L 5&0IN,"IN&1. 6or those who want to diversify their portfolios
beyond shares, bonds and real estate, commodities are the best option.
2ommodities actually offer immense potential to become a separate asset class for market)
savvy investors, arbitrageurs and speculators. "hey are also easy to understand as far as
fundamentals of demand and supply are concerned. #istorically, pricing in commodities
futures has been less volatile compared with e!uity and bonds, thus providing an efficient
portfolio diversification option.
-etworth now offers to investors a platform to trade in 2/BB/5I"L 6U"U0&1. ,s a
member of the Bulti 2ommodity &7change of India 4td. and of the -ational 2ommodity and
5erivative &7change, we offer futures trading in $> commodities ;gold, silver, castor, soya,
canolaJmustard oil, crude palm oil, 0B5 palmolein and cotton% M -25&K and in gold, silver
and castor seed, rubber through B2K.
MARAET RESEARCH
Information is power. ,t -etworth, it is also at your fingertipsO
-etworth is powered by a top)notch research team that penetrates and investigates the market
to provide you with reliable, relevant information that helps you make intelligent investment
decisions. /ur commitment to keeping you updated on the latest market conditions stems
from our desire to give you the option to invest in ways that are the most suitable to you.
"o e7plore our research reports in the category of your interest, please select it from the list
on your right.
Barket Busing
2ompany 0eports
"heme Based 0eports
.eekly -otes
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ID/s J 6D/
1ector 0eports
1tock 1tance
Dre)!uarterJUpdates
2ommodity
0esearch 0ecommendation 2ard
Divot Doints
INVESTOR HANDBOOA:
Re.i#$%(%# (n! T%(n#/e% A.en$
;1hare transfers and communications regarding share certificates, dividends and change of
address%
P"%-( S)(%e.i#$%& *In!i(+ P-$3 L$!3
8, 1hiv 1hakti Industrial &state,
Ground 6loor, 1itaram Biill 2ompound,
F 0 Boricha Barg, 4ower Darel,
Bumbai ) +>> >$$.
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Bombay 1tock &7change 4imited,
Bumbai ;B1&% Dhiroe Feejeebhoy "owers,
5alal 1treet, Bumbai M +>> >>$
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PORTFOLIO MANAGEMENT SERVICES
-&"./0"# DB1 will help you achieve your objective of preserving and growing capital
by conducting a thorough analysis of your investment needs, returns e7pected and risk taking
ability. /ur focus is to craft a basket of 1tocks, Bonds, and Butual 6unds through strong
research and corporate interface, keeping in mind your risk)profile in specific relation with
the ever)changing marketing dynamic.
In-e#$men$ P)i0o#o')&
.e focus on a Bottom M Up approach to stock picking. "he stock selection process starts with
fundamental analysis of companies and includes management meeting and plant visits to get
a first hand feel of the company, rather than depending solely on !uantitative analysis. "he
investment process is fairly rigorous and includes !ualitative as well as !uantitative criteria
and builds upon the decade long e7perience of -etworth in Indian e!uity markets.
W)o i# i$ /o%B
/ur offering is ideal for high net)worth customers )
.ho are investing in Indian e!uities
.ho desire to create wealth over longer period
.ho appreciate a high level of personalied service
Bene/i$# o/ 7ein. 4i$) Ne$4o%$) PMS
Dortfolio Banagement with a difference &very investor, whether individual or corporate, has
uni!ue needs based on their objectives and risk profiles. .e recognie the difference and
design tailored investment advice to achieve specific investment objectives.
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P%o/e##ion(0 M(n(.emen$ .e offer professional management of your e!uity
portfolio with an aim to deliver consistent returns while controlling risk.
Con$in"o"# Moni$o%in. .e recognie that portfolios need to be constantly
monitored and periodically churned to optimie the results.
Ri#= Con$%o0 "he portfolios are managed through a strong research driven
investment process with complete transparency and highest standards of service.
T%(n#'(%enc& Lou will get regular account statements and performance reports on a
monthly basisJ "hatGs not allC web)enabled access ensure that you are just a click away
from all information relating to your investment.
H(##0e F%ee O'e%($ion /ur Dortfolio Banagement 1ervice relieves you from all the
administrative hassles of your investments. .e provide periodic reporting on the
performance and other aspects of your portfolio.
De!ic($e! Re0($ion#)i' M(n(.e% /ur 0elationship Banagers specialie in
providing personal investment management services to achieve your investment
objective.
In/%(#$%"c$"%e
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Q , corporate office and * divisional offices in 2B5 of Bumbai which houses state)of)
the)art dealing room, research wing H management and back offices.
Q ,ll of $>? branches and franchisees are fully wired and connected to hub at 2orporate
office at Bumbai. ,dd on branches also will be wired and connected to central hub
Q .eb enabled connectivity and software in place for net trading.
Q => operative I5s for dealing room
Q 1tate of the ,rt accounting and billing system, on line risk management system in
place with $>>I redundancy back up.
In house technology back up team to ensure un)interrupted connectivity
Services
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