Beruflich Dokumente
Kultur Dokumente
Project Report
On
A Study of Stock Market with Special
Reference
Of Selected Brokers in Ahmednagar
City.
Submitted To
University of Pune
In the Subject of Research Methodology
Bachelor of Business Administration.
Submitted By
Under the Guidance of
Prof. Vashishtha Shah
B.P.H.E. Socitys
Ahmednagar College, Ahmednagar
Academic Year
2008-2009
ACKNOWLEDGEMENT
INDEX
Sr.No
1.
2.
3.
4.
5.
6.
7.
8.
9.
CONTENTS
Introduction to Topic
Introduction to Broker
Company profile
Research Methodology
I. Objective of study
II. Scope of study
III. Hypothesis
IV. Data Collection
V. Limitations of study
Data Analysis
Findings & Conclusions
Suggestions
Bibliography
Questionnaire
PAGE
No.
INTRODUCTION TO TOPIC
STOCK MARKET
A Stock Exchange, share market is a corporation or
mutual organization which provides facilities for stock
brokers & traders to trade company stock & other securities
stock exchange also provide facilities for the issue &
redemption of securities as well as other financial instrument
and capital events including the payment of income &
dividends. The securities trade on a stock exchange include.
1) Shares issued by companies
2) Unit trusts
3) Other pooled investment product
4) Bonds
To be able to trade a security on a certain stock
exchange, it has to be listed there. Usually there is central
location at least for record keeping, but trade is less & less
linked to such a physical place, as modern market are
electronic network, which gives them advantages of speed &
cost f transaction.
Trade on an exchange is by members only. The initial
offering of stocks & bonds to investors is by definition done
in the primary market & subsequent trading is done in the
secondary market.
A stock exchange is often the most important
component of stock market supply & demand in stock
Brokerage
Brokerage is commission charged on transaction of
purchasing or selling of shares by Broker.
Pay-in-day
Pay-in-day is the day when the brokers shall make
payment or securities to the exchange.
Pay-out-day
Pay-out-day is the day when the exchange makes
payment or securities to the brokers.
Since settlement cycle has been reduced from T+3
rolling settlement to T+2 from 01st April 2003, the exchange
have to ensure that the pay out of fund and securities to
client is done by the broker within 24 hrs. of the payout. The
exchange will have to issue press release immediately after
payout.
Introduction To Brokers
There are some selected brokers in Ahmednagar city likeA. Joindre capital service Ltd.
B.
COMPANY PROFILE
1) Joindre capital service Ltd.
1) Company profile
A pioneer in the field in retail Broking was
incorporated in 1995 by group of professionals with vast &
rice experience in Indian capital market.
Joindre is one of the conceptual pioneers of
retail cult in Indian capital market. It has taken initiative in
spreading the online trading terminals to the length &breadth
of country through the network of its Branches / SEBI
registered sub- brokers & there by catering to the needs of a
large number of retail investors.
2) Group companies
a) Joindre capital service Ltd. Joindre groups first venture, Joindre capital
service Ltd. was incorporated in 1995. This company has
strong IPO & mutual funds division for the benefit of the
clients. Being client focused the company offers internet
trading platform.
Joindre capital is member of National stock
Exchange of India Ltd., Bombay Stock Exchange Ltd. &
many regional exchanges in India. Joindre capital is also
Depository participant member of central Depository
services Ltd.
b) Joindre commodities Ltd.
This company provides huge potential, much
greater than the securities & cash market in commodities.
There is an opportunity to trade in multiple commodities from
a single point, on real time basis.
Mahendrakumar Jain
Pradeep Jain
Shankar Khandelwal
Veepin Thokal
IL ANDFS Ltd.
The management team of IL and FS Ltd.I. Mr. James Lessile White Forced MD& CEO.
II. Mr. Sachin Joshi Executive Director Finance &
Operation.
III. Mr. Sandip Presswala - Executive Director Retail
Business.
IV. Mr. Kersi Tavadia- Chief Technology Officer.
Ahmednagar city.
2)
3)
4)
B) SCOPE OF STUDY
1) In this project all researched information are
about only Ahmednagar city only.
1)
D) DATA COLLECTION
Data will be collected from two sources,
CHARGES
0.60 paisa
0.40 paisa
0.50 paisa
INTERPRETATION
From the study of above table and graph
researcher study different Rate of Delivery Brokerage
charged by Different Brokers.
FIRMS
CHARGES
0.10%
0.15 %
0.05%
INTERPRETATION
From the study of above table and graph
researcher study different Rate of intearaday brokerage
charged by different brokers.
This is some in case of all the time firm client can go to the
broker or sub-broker office or place on order by telephone.
The way client know whether his / her order is placed
The stock exchange assigns a unique order code no. to
each transaction, which is intimated by broker to his client &
once the order is executed, this order code no. is printed on
the contract note. In this way client know whether his / her
order is placed.
Payment to Broker in case of purchase of share.
Client must make payment to Broker within 48 hours or T+2
in case of purchase of share i.e. pay-in-day.
Receives the amount in case of sale of shares.
The client receives the amount in case of sale of shares
after 2day of pay-out-day.
A) FINDINGS
1. Among the different brokers from Joindre capital services
Ltd. is charging highest brokerage as compared to other
brokers.
2. IL and FS Investment Ltd. charging low brokerage as
compared to other brokerage form.
3. SNC global security Ltd. charging lowest interaday
brokerage as compared to other brokerage form.
4. IL and FS Investment Ltd. charging highest interaday
brokerage.
5. For placing order & getting delivery is same procedure of
all brokers.
6. The pay-out-day is same of all brokers from.
SUGGESTIONS
BIBLIOGRAPHY
Booklet of Stock Market
Dalal Street Magazine
Website : www.google.com
QUESTIONNAIRE
1) Name/ Occupation?
2) Name of firm?
3) When your firm was established?
4) What is your Delivery Brokerage?
5) What is your Interaday Brokerage?
6) What is your pay-in-day & pay-out-day?
7) What document are required to provide in client
Registration from by client?
8) How do client place order with broker?
9) How do client know whether his/her order is place?
10) In case of purchase of Shares, when does the client
Make payment to brokers?
11) In case of Sale of Shares when the client receives the
amount?
12) What is maximum brokerage that a broker can
charge?