A STUDY ON COMPARITIVE ANALYSIS OF

SHARE PRICES IN VARIOUS SECTORS WITH

SPECIAL REFERENCE TO KARVY STOCK
BROCKING LTD.KANHANGAD
A Project Report submitted by

ASHRAFABDULLA.C.P
USN: 4SN09MBA09

Internal Guide
Prof. STEEVAN R TELLIS
Faculty, MBA Programme
SRINIVAS INSTITUTE OF TECHNOLOGY, Mangalore

External Guide
VINOTHAN.K
B.M KARVY LTD KANHANGAD

Project report submitted to Visvesvaraya Technological University, Belgaum, in

partial fulfillment of the requirement for the award of the degree in

Master of Business Administration

COLLEGE LOGO

SRINIVAS INSTITUE OF TECHNOLOGY

Valachil, Mangalore, D.K

2011
1
 A STUDY ON COMPARITIVE ANALYSIS OF
SHARE PRICES IN VARIOUS SECTORS WITH
SPECIAL REFERENCE TO KARVY STOCK
BROCKING LTD.KANHANGAD
A Project Report submitted by

ASHRAFABDULLA.C.P
USN: 4SN09MBA09

Internal Guide
Prof. STEEVAN R TELLIS
Faculty, MBA Programme
SRINIVAS INSTITUTE OF TECHNOLOGY, Mangalore

External Guide
VINOTHAN.K
B.M KARVY LTD KANHANGAD

Project report submitted to Visvesvaraya Technological University, Belgaum, in

partial fulfillment of the requirement for the award of the degree in

Master of Business Administration

COLLEGE LOGO

SRINIVAS INSTITUE OF TECHNOLOGY

Valachil, Mangalore, D.K

2011
2
 DECLARATION

I, hereby declare that the project report titled A STUDY ON

COMPARITIVE ANALYSIS OF SHARE PRICES IN VARIOUS SECTORS
BANKING,FINANCIAL SERVICE,TELECOM,OIL which has been
prepared under the guidence of Prof. STEEVEN R TELLIS, Faculty - M.B.A
department, Srinivas Institute of Technology, and Mr.VINOTHAN.K, Branch
Manager,KARVY STOCK BROCKING Ltd,kanhangad.

This report has been submitted in partial fulfillment of the requirement for
the award of degree in Master of Business Administration with specialisation in
Finance to the Visvesvaraya Technological University, Belgaum and not been
submitted to any institution, board or universities and previously formed the basis
for the award of any degree,diploma,associationship, fellowship or any similar
titles.

Place: Mangalore
Date: 30/04/2010 ( ASHRAFABDULLA.C.P)
4SN09MBA09

3
 SRINIVAS INSTITUTE OF TECHNOLOGY
Approved by AICTE, New Delhi, Govt. of Karnataka
and affiliated to Visvesvaraya Technological University, Belgaum

DEPARTMENT OF MBA

CERTIFICATE
Certified that the project work entitled A STUDY ON COMPARITIVE
ANALYSIS OF SHARE PRICES IN VARIOUS SECTORS
BANKING,FINANCIAL SERVICE,TELECOM,OIL WITH SPECIAL
REFERENCE TO KARVY STOCK BROCKING.LTD is a bonafide work
carried out by ASHRAFABDULLA.C.P, USN. No. 4SN09MBA09, in partial
fulfillment for the award of degree of MASTER OF BUSINESS
ADMINISTRATION in FINANCE of VISVESVARAYA TECHNOLOGICAL
UNIVERSITY, BELGAUM during the year 2011. The Project report has been
approved as it satisfies the academic requirements in respect of project work
prescribed for the Master Of Business Administration Degree.

Prof. STEEVAN TELLIS Dr. AJOY S JOSEPH Dr.SHRININVASAMAYYA D

Internal Guide HOD-MBA Department Principal

Name of the student : ASHRAFABDULLA.C.P.

University seat number : 4SN09MBA09
External viva
Name of examiners Signature with date
1.
2.

4
 ACKNOWLEDGEMENT
This project report would be incomplete without expressing my sincere gratitude
to all those who have supported me in preparing it successfully.
I would like to thank ALMIGHTY GOD for giving me this opportunity.
My sincere gratitude to MR. VINOTHAN.K, Branch Manager of KARVY Stock
Brocking.Ltd.Kanhangad for his support, co-operation and for providing all
necessary information required for the project.
I express my utmost gratitude to my project guide, PROF. STEEVAN R
TELLIS, Faculty, MBA Department who has enthusiastically imparted relevant
information, guided and supported me in carrying out this project.
My sincere thanks to Dr. AJOY S JOSEPH, HOD - MBA Department,
whose timely suggestions and encouragement supported me to complete this
project successfully.
I would like to express my sincere gratitude to DR.SHRINIVASA MAYYA
D., Principal, SRINIVAS INSTITUTE OF TECHNOLOGY, Mangalore, for his
guidance and support in carrying out this project report.
I would also like to thank all the faculty members of MBA Department for
their constant support and encouragement.
Finally, I would like to thank my parents, dear and near ones and all my
friends who have helped me in the completion of the project report.

Place: Mangalore ASHRAFABDULLA.C.P

Date : 30-04-2011

5
 CONTENTS
PART A

CHAPTER DESCRIPTION P PAGE NO.

LIST OF TABLES

LIST OF CHARTS

I INTRODUCTION

1.1 Introduction to the Study

1.2 Scope of the study

1.3 Objectives of the Study

1.4 Limitations of the Study

II
PROFILE OF THE COMPANY

III MCKENCYS 7S FRAME WORK

IV SWOT ANALYSIS

V LEARNING EXPERIANCE

6
 CONTENTS
PART A

CHAPTER DESCRIPTION P PAGE NO.

I GENERAL INTRODUCTION

1.1 Introduction to the Study

1.2 Scope of the study

1.3 Objectives of the Study

1.4 Limitations of the Study

1.5 Methodology

II
CONCEPTUAL FRAME WORK

III DATA ANALYSIS AND INTERPRETATOIN

IV FNDINGS ,SUGGESTOINS & CONCLUSION

V BIBILOGRAPHY

7
PART-A

8
 CHAPTER I

INDUSTRY PROFILE

9
INTRODUCTION TO THE STUDY

MEANING OF STOCK MARKET

A stock market is a market for the trading of company stock, and derivatives of same; both of these are
securities listed on a stock exchange as well as those only traded privately. Institutions which facilitate the
regulated sale and purchase of shares. It includes the primary and secondary markets.

The market in which shares are issued and traded either through exchanges or over-the-counter
markets. Also known as the equity market, it is one of the most vital areas of a market economy as it
provides companies with access to capital and investors with a slice of ownership in the company and the
potential of gains based on the company's future performance

THE DEFINITION
The term 'the stock market' is a concept for the mechanism that enables the trading of company stocks
(collective shares), other securities, and derivatives. Bonds are still traditionally traded in an informal, over-
the-counter market known as the bond market. Commodities are traded in commodities market and
derivatives are traded in a variety of markets.

IMPORTANCE OF STOCK MARKET

The Stock Market is one of the most important sources for companies to raise money. This allows
businesses to go public, or raise additional capital for expansion. The liquidity that an exchange provides
affords investors the ability to quickly and easily sell securities. This is an attractive feature of investing in
stocks, compared to other less liquid investments such as real estate.

History has shown that the price of shares and other assets is an important part of the dynamics of
economic activity, and can influence or be an indicator of social mood. Rising share prices, for instance,
tend to be associated with increased business investment and vice versa. Share prices also affect the wealth
of households and their consumption. Therefore, central bank tends to keep an eye on the control and
behavior of the stock market and, in general, on the smooth operation of financial system functions.
Financial stability is the raison d'tre of central banks.Exchanges also act as the clearinghouse for each
transaction, meaning that they collect and deliver the shares, and guarantee payment to the seller of a
security. This eliminates the risk to an individual buyer or seller that the counterparty could default on the
transaction. The smooth functioning of all these activities facilitates economic growth in that lower costs

10
and enterprise risks promote the production of goods and services as well as employment. In this way the
financial system contributes to increased prosperity.

BOMBAY STOCK EXCHANGE

Bombay Stock Exchange is the oldest stock exchange in Asia with a rich heritage, now spanning three
centuries in its 133 years of existence. What is now popularly known as BSE was established as "The Native
Share & stock brokers association in 1875.BSE is the first stock exchange in the country which obtained
permanent recognition (in 1956) from the Government of India under the Securities Contracts (Regulation)
Act 1956. BSE's pivotal and pre-eminent role in the development of the Indian capital market is widely
recognized. It migrated from the open outcry system to an online screen-based order driven trading system
in 1995. Earlier an Association of Persons (AOP), BSE is now a corporative and demutualised entity
incorporated under the provisions of the Companies Act, 1956, pursuant to the BSE (Corporatization and
Demutualization) Scheme, 2005 notified by the Securities and Exchange Board of India (SEBI). With
demutualization, BSE has two of worlds best exchanges, Deutsche Borse and Singapore Exchange.Over
the past 133 years, BSE has facilitated the growth of the Indian corporate sector by providing it with an
efficient access to resources. There is perhaps no major corporate in India which has not sourced BSE's
services in raising resources from the capital market. Today, BSE is the world's number 1 exchange in terms
of the number of listed companies and the world's 5th in transaction numbers. The market capitalization as
on December 31, 2007 stood at USD 1.79 trillion.BSE has tied up with U.S. Futures Exchange (USFE) for
U.S. dollar-denominated futures trading of SENSEX in the U.S. The tie-up enables eligible U.S. investors to
directly participate in India's equity markets for the first time, without requiring American Depository
Receipt (ADR) authorization. The first Exchange Traded Fund (ETF) on SENSEX, called "SPICE" is listed
on BSE. It brings to the investors a trading tool that can be easily used for the purposes of investment,
trading, hedging and arbitrage. Spice allows small investors to take a long-term view of the market.
BSE provides an efficient and transparent market for trading in equity, debt instruments and
derivatives. It has a nation-wide reach with a presence in more than 450 cities and towns of India. BSE has
always been at par with the international standards. The systems and processes are designed to safeguard
market integrity and enhance transparency in operations. BSE is the first exchange in India and the second
in the world to obtain an ISO 9001:2000 certifications. It is also the first exchange in the country and second
in the world to receive Information Security Management System Standard BS 7799-2-2002 certification for
its BSE On-line Trading System (BOLT).

11
NATIONAL STOCK EXCHANGE
NSE started trading in the equities segment (Capital Market segment) on November3, 1994. After one year
it will became the largest exchange in India. Trading volumes in the equity segment have grown rapidly
with average daily turnover increasing from Rs.17 crores during 1994-95 to Rs.14, 148 crores during FY
2007-08.

The National Stock Exchange of India Limited has genesis in the report of the High Powered Study
Group on Establishment of New Stock Exchanges, which recommended promotion of a National Stock
Exchange by financial institutions (FIs) to provide access to investors from all across the country on an
equal footing. Based on the recommendations, NSE was promoted by leading Financial Institutions at the
behest of the Government of India and was incorporated in November 1992 as a tax-paying company unlike
other stock exchange in the country.On its recognition as a stock exchange under the Securities Contracts
(Regulation) Act, 1956 in April 1993, NSE commenced operations in the Wholesale Debt Market (WDM)
segment in June 1994. The Capital Market (Equities) segment commenced operations in November 1994
and operations in Derivatives segment commenced in June 2000.

NSE plays an important role in helping an Indian companys access equity capital, by providing a
liquid and well-regulated market. NSE has about 1319 companies listed representing the length, breadth and
diversity of the Indian economy which includes from hi-tech to heavy industry, software, refinery, public
sector units, infrastructure, and financial services. Listing on NSE raises a companys profile among
investors in India and abroad. Trade data is distributed worldwide through various news-vending agencies.
More importantly, each and every NSE listed company is required to satisfy stringent financial, public
distribution and management requirements. High listing standards foster investor confidence and also bring
credibility into the markets. NSE lists securities in its Capital Market (Equities) segment and its Wholesale
Debt Market segment.

Stock exchanges to some extent play an important role as indicators, reflecting the performance of the
countrys economic state of health. Stock market is a place where securities are bought and sold. It is
exposed to high degree of volatility; price fluctuates with in minutes and is determined by the demand and
supply of stock at a given time. Stock brokers are the ones who buys and sells securities on behalf of
individuals and institutions for some commission.The Securities and Exchange Board of India (SEBI) is the
authorized body which regulates the operations of stock exchanges, banks and other financial institutions.
The past performances in the capital markets especially the securities scam by Harshad Mehta has led to
tightening of the operations by SEBI. In addition the international trading and investment exposure has
made it imperative to better operational efficiency.

12
Nature of work
In India capital markets are experiencing pacing radical information. The stricter regulatory
framework along with introduction of information and technology has added more professionalism to the
industry, the most common areas of the work in the capital markets; one can look forward to include the
following.

Stock brokers
Given the present complex situation of our capital markets, stock brokers have to face challenging
tasks. The specialized knowledge and professional acumen required has made the job of brokers highly
skilful. The work of stock brokers depends upon the kind operations they engage themselves into some of
the brokers like to practice with individual clients while others work for institutions. Brokers who work for
institutional investors are often called securities traders.

Investment Analysts:
Investment in todays capital market is not something which can always fructify based on mere
guesses. It requires thorough scientific research and analysis to make something out of it. Investment
analysts are those who carry out the very same job and help fund managers manage their investments. They
can work as stock broking analysts or as institutional analysts. The expertise and experience, though it
varies from individual to individual, in the subject of capital market makes them suitable to handle high
value investment decisions of merchant banks, insurance and pension funds and other financial institutions.

Equity Analysts:
Investment markets all over the world are witnessing major changes. Indian markets are no exception.
The amount of professionalism and complexity of financial markets has led to the adoption of most
advanced techniques and approach while dealing in securities. Increasing presence of both domestic and
foreign players in the Indian markets has further added to the demand for having a more systematic
approach. Therefore arose the need for professionals who can specialize in the field of capital markets.
Equity analysts are one such specialist who does research and helps in systematic and better financial
investments. Given the prevailing market conditions, equity analysts are in for favourable times ahead.
There work is quite similar to that of investment analysts.

Personality:
To deal and attend to different kinds of people is something which everybody cannot handle with ease
and tact. As brokers job includes handling similar situations, they need to have a well groomed personality
and a knack to convince people. Patience is something; they cannot afford to lose as it can adversely affect
their clientele. Good communication skill also counts when dealing with a variety of people.

Career prospects:
Capital markets in India are going through major reform phase. Initiatives taken by SEBI in the
direction to discipline, reform and bring greater transparency in the markets has had positive effect on the
performance. Foreign institutional investors, mutual funds and even individuals have once again started
posing confidence in the capital markets. This has enhanced prospects for brokers, investments and equity
analysts. Even otherwise also, economic growth and liberalization taking place in the country has opened
number of opportunities in various organizations like mutual funds, investment consultancy, brokers firm,
insurance companies, merchant banks, pension funds and other financial institutions. They can also start
their own consultancies. The present scenario definitely speaks positive of the future of this industry.

13
History of stock exchanges to Evolution of Online Banking
The first publicly issued security can be traced back to the fourteenth century in Venice where the
government made the first known issue of bonds. These government securities were published by merchant
and landowners as investments.
In and around 1750s in England, traders in the shares of early companies would commonly meet in
Jonathans Coffee House to trade shares and make business deals. Early share bids and offers were written
on the Coffee House walls and the trading process was highly unregulated, with insider trading forming the
basis for most investment decisions.
By 1773, trading clubs had formed, and in1801 a group of traders raised 20000 pounds to build the London
Stock Exchange in Capel Court. A similar process was occurring in America. By the early 1790s many
merchants had begun trading shares. Just as in London, these early traders often met at coffeehouses in an
informal environment.
In 1792, 24 brokers who each paid $400 for a trading seat signed the Buttonwood Tree Agreement. This
agreement outlined the regulations under which shares could be bought and sold. These regulations formed
the basis for trading rules that still exist today and led to the information in1817 of the New York Stock
Exchange. Much water has passed under the bridge since then and we forward all the way to late 1990s.
By late 1990s, most of the stock exchanges had been automated, and the open outcry method of trading
was the thing of the past. Most of Stock Exchanges began to use computers to replace floor traders. Floor
traders take phone and computer orders from brokers, and negotiate a trade with stock specialist at trading
stations on the trading floor. The internet orders placed by client are first processed and authorized through
the stock brokers computer system before being automatically placed on the stock exchanges computer
systems. This period saw the rise in popularity and acceptance of online stock broking.

IMPACT OF E-BUSINESS ON STOCK BROKING:

The following are the major impacts of e-business on stock broking industry:
Internet made the securities market as transparent for main street customers as it was for sophisticated
professionals and investment gurus in the Wall Street. The biggest impact of internet was that it made a
large amount of information available out there. Gone are the days when the key financial data that
investors needed to make informed and profitable decisions was available only to the lucky few on the
side. Now the turnover and profit figures, brokers forecasts, details of how and why company directors
buy shares and all the rest of it are just a few mouse clicks away for everybody.
Small traders could be executed at a fraction of the cost that was previously charged to customers for
similar traders. This encouraged a number of small investors to invest the money they can spare from the
banks into share market. The investment community grew at an exponential rate when it became certain that
investing is for everyone. A popular slogan summarizes it all You dont have to be rich to be an investor.
But have to be an investor to be rich.
Quality research and stock analysis could be disseminated to a number of people by e-mails and alerts.
Investment tips and news scoops found themselves a more efficient medium to spread. This improves
market activity and trading volumes, benefiting brokers with their commissions. Investment houses could
provide these services, at a price, to investors who were interested, in an efficient and orderly way.
E-Business didnt come alone; it came along with automated stock exchanges, electronic document
holding services and efficient banking systems. Together these empowered retail investors to provide a

14
cheaper, more fun, more convenient and more reliable way of trading in shares than the old-fashioned way
of using a bank or a broker.

ISSUES FACED BY ONLINE STOCK BROKERS:

In order to address this issue comprehensively I distinguish the issues faced based on whether the
organization is a click-only, born on the net organization or bricks-and-mortars organizations. In the end Ive
summarized the issues faced by the industry in general.

Issues faced by born on the net organization:

Lack of global brand name, trust and reputation. Have to build these from scratch. When a known
brand offers the same broking service at a comparable cost, these organizations lose out.
Lack of well established branches puts these companies at a disadvantage when compared to players
like the local banks which have a presence in every corner of the country. The spreads the reach of the
brick-and-mortar players.
Inability to provide a range of financial services discourages people whod rather see all their different
investments and broking needs consolidated. Lack of an umbrella services encourages people to look for
brokers who provide complete financial services.
The bulk of their client base is made up of retail investors. Institutional investors and other high value
and high volume customers prefer the traditional and blue chip brokers. Retail investors are typically easy
come easy go and might prove to be inconsistent in trading habits. Retail investors have gained the
confidence to trade shares independently, without the help of a professional broker during the recent Bull
Run. But in a correction, many will get burned and lose confidence and thus affect the revenues of brokers.

Issues faced by bricks-and-mortars organizations:

The newer organizations do not carry the excess baggage of outdated legacy systems and
infrastructure over capacity. Usually, the order bricks and mortars firms have a legacy system to integrate to
and the technological advances are constrained by the ability of the legacy systems.
An excessive manpower that desperately needs retraining, antique work culture, hierarchies and
attitudes are serious inertial force to innovation in these bricks-and-mortars organizations. They are slow
moving, stirring when the smaller and newer ones are already on their toes. A significant portion of the
business process needs to be reengineered around the e-Business model.
Established brokers stall on the e-business initiatives primarily because of channel conflicts with
their own infrastructure of retail brokers. Companies now offer e-services which directly compete with their
detail client broking and investment services. Most of the bricks-and-mortars have successfully converted
this competing medium as a value addition for existing and new investment customers.

Common issues:
The spread of PCs and telephony infrastructure determines the growth e-Business. This might be a non
issue in developed countries, but in developing countries, it is still the availability of PC, download speeds
and reliability of telephony services that determines the success of e-Business and hence online stock
broking.

15
 High competition among stock brokers has put significant pressure on the prices. With brokerages as
low as AUD $15 per trade, a significant volume of trades is needed to break even, leave alone make a profit
on it. Market consolidation and mergers are expected to keep the broking industry viable in the long run.
Efficient comparison shopping is now available for retail customers who always look out for faster and
cheaper alternatives.
Demanding customers expect 24/7/365 transaction capability, instant access to information, immediate
delivery, and customer service. Providing all these with minimum overheads requires innovative ways to cut
costs.

FINANCIAL MARKETS
A screen-based negotiated quote-driven system for dealings in call/notice and term money markets
(NDS-CALL) to be launched shortly with participation by market constituents on a voluntary basis.
when issued (WI) market in government securities being introduced shortly.
Primary dealers permitted to diversify their activities as considered appropriate, in addition to their
core business of Government Securities, subject to limits.
Ways and Means Advances (WMA) limits for the Central Government be fixed on a quarterly basis as
against half-yearly as hitherto.
For consolidation of Central Government Securities, identified illiquid securities to be bought from the
secondary market by the Reserve bank and once a critical amount of securities is acquired, they would be
bought back by the Government to extinguish the stock.
Mutual Funds, which are NDS members, permitted to access the NDS-OM module with immediate
effect. Other MFs would be permitted access by opening temporary current/SGL accounts with the Reserve
Bank.
Large pension/provident funds like BBOT/seamens/coal miners funds permitted to access the NDS-
OM module by opening temporary current /SGL accounts with the Reserve Bank. The smaller funds would
be allowed access through the CSGL route.
State governments to be encouraged to progressively increase the share of market borrowings under
the auction route.
States at their discretion and initiatives, be encouraged to develop an advance indicative open market
borrowing calendar.
Facility of non-competitive bidding (currently limited to Central Government dated Securities) be
extended to the primary auction of State Development loans.
Purchase and resale of State Development Loans by the Reserve Bank introduced under the overnight
LAF repo Operations.
Standing Technical Committee (STC) to be constituted under the aegis of the State Finance Securities
conference to advise on the wide-ranging issues relating to the borrowing programmes of Central and
Central Governments through a consensual and co-operative approach.

16
 CHAPTER - II
PROFILE OF THE COMPANY

17
COMPANY PROFILE:
KARRVY is a premier integrated financial services provider, and ranks among the top players in
almost all the fields it operates. Karvy covers a number spectrum of financial services such as stock broking,
Depository participants, distribution of financial products such as mutual funds, bonds, fixed deposits,
equities, insurance broking, Personal Finance Advisory Services, Merchant Banking and Corporate Finance,
placement of equity, IPOs and others.
A leading player in the financial services industry in India. Karvy has presence with leadership position in a
wide range of financial services including Broking, Commodities, Registry Services, Merchant Banking,
Realty services etc. The group also has presence in the BPO services and technology services space. A
professionally managed and highly focused financial intermediary in the Indian markets.

Companys overview:
In 1982, a group of Hyderabad-based practicing Chartered Accountants started Karvy Consultant Limited
with a capital of Rs.150000 offering auditing and taxation services initially. Later, it forayed into the
registrar and share transfer activities and subsequently into financial services. The letters K, A, R, V and Y
stand for 5 promoters names.
K Mr. Kutumba Rao
A Mr. Ajay Kumar
R Mr. Ramakrishna M. S
V Mr. Vikram Singh
Y Mr. Yugandhar
Today, KARVY has access to millions of Indian shareholders, besides companies, banks, financial
institutions and regulatory agencies. Over the past one and half decades, Karvy has evolved as a veritable
link between industry, finance and people. In January 1998, Karvy became the First Depository participant
in Andhra Pradesh. Karvys commitment to quality and retail reach has made it an integrated financial
services company.

KARVY Philosophy:
Underlying distinguishing performance in the past and shaping its intentions for the future Karvy has a set
of well-defend consciously followed principles:
Assistance Beyond Services
Leadership through Quality
Innovation and Market Creation
Relationship Building
Integrity and Transparency

KARVY Group Companies:

Karvy Consultants Limited
This is the first business that Karvy ventures into. Karvy has now transferred this business into a joint
venture with Computershare Limited of Australia, the worlds largest registrar. It was one of the early
entrants registered as Depository Participant with NSDL, the first Depository in the country and then with
CDSL. Today, it services over 6 lakh customers accounts in this business spread across over 250

18
cities/towns in India and are ranked amongst the largest Depository Participants in the Country. With a
growing secondary market presence, it has transferred this business to Karvy Stock Broking Limited
(KSBL), it associate and a member of NSE, BSE and HSE.

Karvy Stock Broking Limited

Karvy Stock Broking Limited (KSBL), member of National Stock Exchange of India, the Bombay Stock
Exchange and Hyderabad Stock Exchange, ranks among the top 5 Stock Brokers in India. With over 600000
active accounts, it ranks among the top 5 Depository Participant in India, registered with NSDL and CDSL.

Karvy Investors Service Limited

It is recognised as a leading merchant banker in the country. It is registered with SEBI as a Category I
merchant banker. This reputation was built by capitalizing on opportunities in corporate consolidations,
mergers and acquisitions and corporate restructuring.

Karvy Computershare Private Limited

Karvy Computer Share Limited is Indias largest registrar and Transfer Agent with a client base of nearly
500 blue chip corporate, managing over 2 crore accounts. It has traversed wide spaces to tie up with the
worlds largest Transfer Agent, the leading Australian Company, Computershare limited. The company that
services more than 75 million shareholders across 7000 corporate clients and makes it presence felt in over
12 Countries across 5 continents has entered into 50-50 joint venture with Karvy Computershare Private
Limited.

Karvy Global Service Limited

This is the specialist business process outsourcing unit of the Karvy Group. It operates in the core market
segments that have emerging requirements for specialized services. Its wide vertical market coverage
includes Banking, Financial and Insurance Services (BFIS), Retail and Merchandizing, Leisure and
Entertainment, Energy and Utility and Healthcare. Karvy Global offers niche off shoring services to clients
in the US.

Karvy Comtrade Limited

Karvy Comtrade is the commodities trading arm of Karvy Group. It enables trade in all goods and products
of agricultural and mineral origin that include lucrative commodities like gold and silver and popular items
like oil, pulses and cotton through a well-systematized trading platform. It is the member of NCDEX and
MCX and ranks among the top 3 commodity brokers in the country.

Karvy Insurance Broking Private Limited

It provides both life and non-life insurance products to retail individuals, high net-worth clients and
corporate. Karvy Insurance Brokers is registered as a Broker with IRDA and ranks among the top 5
insurance agent in the country.

19
 Karvy Realty Services
Karvy Realty & Services is engaged in the business of real estate and property services offering value added
property services and offers individuals and establishments a myriad of options across investments,
financing and advisory services in the realty sector. Karvy Realty Services, which started in 2006, has
quickly established itself as a brokers who adds value, in the realty sector.

Service Provided by Karvy Group:

Retail Services:
Equity & Derivatives
Commodities
Mutual Fund Services
Depository Services
Insurance Broking Services
Bonds and Deposits
Realty Services
Portfolio Management Services
Institutional Services
Registrar and Transfer Agency
Mutual Fund Registry
Investment Banking
Corporate Finance
Institutional Banking
Debt Market Services
BPO and KPO Services
Corporate Advisor

BRANCHES
Karvy has 575 offices over 375 locations across India and overseas offices at Dubai and New York.
Over 9000 highly qualified people staff Karvy
Achievements of Karvy
Among the top 5 stock brokers in India (4% of NSE volumes)
Indias No.1 Registrar and Securities Transfer Agents
Among the 3 Depository Participants
Largest network of branches & Business Associates
ISO 9002 Certified operations by DNV
Among top 10 Investment Brokers

20
 Largest distributor of Financial Product
Adjudged as one of the top 50 IT uses in India by MIS Asia
Full fledged IT driven operations
Largest mobilize of funds as per PRIME DATABASE
First ISO-9002 Certified Registrar in India
A Category I-Merchant Banker
A Category I-Registrar to the public issues
Ranked as The Most Admired Registrar by MARG
Handled over 500 public issues as Registrars.

VISION
To achieve and sustain market leadership, Karvy shall aim for complete customer satisfaction, by
combining its human and technological resources, to provide world class quality services. In the process
Karvy shall strive to meet and exceed customers satisfaction and set industry standards.

MISSION
Our mission is to be a leading, preferred service provider to our customers, and we aim to achieve
this leadership position by building an innovative, enterprising and technology driven organization which
will set the highest standards of service and business ethics.

QUALITY POLICY
To achieve and retain leadership, Karvy shall aim foe complete customers satisfaction, by combining
its human and technological resources, to provide superior quality financial services. In the process, Karvy
will strive to exceed customers expectations.

QUALITY OBJECTIVES
As per the Quality Policy, Karvy will:
Build in-house processes that will ensure transparent and harmonious relationships with its clients and
investors to provide high quality services.
Establish a partner relationship with its investor service agents and vendors that will help in keeping
up its commitments to the customers.
Provide high quality work life for all its employees and equip them with adequate knowledge and
skills so as to respond to customers needs.
Continue to uphold the values of honesty and integrity and strive to establish unparalleled standards in
business ethics.
Use state of the art information technology in developing new and innovative financial product and
services to meet the changing needs of investors and clients.
Strive to be a reliable source of value-added financial products and services and constantly guide the
individuals and institutions in making a judicious choice of same.
Strive to keep all stake-holders (shareholders, clients, investors, employees, suppliers, and regulatory
authorities) proud and satisfied.

COMPETITORS OF KARVY

21
 KARVY services a vast change of all products like advisory services, Mutual Funds, Bonds, Insurance
etc, so all the companies who offer these services are the competitors of the Karvy. There are many
competitors for KARVY on this basis and almost all of them offer the services which Karvy offers.
Few major competitors are:
1. India bulls securities.
2. Motilal oswal securities.
3. IL & FS invests mart limited.
4. SSKI Ltd (Share khan).
5. Bonanza Securities.
6. Kotak Securities.
7. CIL Securities.
8. Eastern Financiers.
9. Angel Broking.
10. Emkey.

To get first hand details about them we visited a few stock broking houses and talked about the financial
instruments available with their company, their charges for investments and the documents required by
them.OWNERSHIP PATTERN
KARVY CONSULTANT LTD:
BOARD OF DIRECTORS:

Mr. C Parthasarathy, a leader in the financial services industry in India is responsible for building Karvy
as one of Indias truly integrated financial services provider; he is a fellow member of the institute of
Company Securities of India, a fellow member of the institute of Chartered Accountants of India and a
graduate in law. As Chairman and Managing Director, he oversees the groups operations and renders vision
and business direction. His passion and vision for achieving leadership in the business made KARVY a
leading financial intermediary ranking them as number one in the registrar, Share transfer and IPO
Distribution businesses. He also holds directorship in Karvy Securities Limited, Karvy investor Service
Limited, Karvy Computershare Private Limited, Karvy Comtrade limited, EPR Pharmaceutical Private
Limited and Ocean Sparkles Ltd.

Mr. Y Yugandhar, Managing Director, founder of Karvy Consultant Limited, has varied experience in the
field of financial services spanning over 20 years. He is a fellow member of the institute of Chartered
Accountants of India and was involved in the statutory and branch audit of banks for 26 years. Mr.
Yugandhar holds directorshipin Karvy Securities Limited, Karvy Stock Broking Limited, Karvy Investors
Service Limited, Karvy Computershare Private Limited, Karvy Commodities Broking Private Limited,
Bizpro Technologies in India Limited, Pokarna Limited, Ravindranath G E Medical Associates Private
Limited, Everest Power Private Limited and Green Infrastructure Private Limited.

Mr. M S Ramakrishna, Director Founder member of Karvy Consultant Limited is orchestrator of

technology initiatives such as the call center in the service of the customers. Mr. Ramakrishna is a member
of the Hyderabad Stock Exchange and is the Director of the Karvy Securities Limited, Karvy Stock Broking
Limited, Karvy Investors Service Limited, Karvy Computershare Private Limited, Karvy Commodities
Broking Private Limited, Nitya Labs Limited and SAB Nife Power Systems Limited. He has helped Karvy
22
diversify into the field of medical transcription leveraging on the companys core competency of transaction
processing. He has more than 20 years of experience in the financial services arena.
Key personnel at Head Office
G Gopalakrishnamachryulu
V Ganesh
V Mahesh
K Sridhar
S Gopichand
J Ramaswami
M S Manohar
S Ganapathi Subhramanian

23
 CHAPTER III

McKinsey 7-S Model

Frame Work

24
McKinsey 7-S Model
The 7-S Model was originally used to analyze both large and small firms by looking at their
structure, offering a wider explanation through seven elements; Strategy, Structure, Systems, Style, Staff,
Skills, and Shares values.
There are many management approaches. This talks about managing the things and operations in
organizations. One of the famous modes to analyze the pattern of Management of McKinseys 7s
framework. The 7s model is better known as McKinseys 7s, this is because the two persons who
developed this module. Tompetus & Robert Waterman has been consultant at McKinseys and co at that
time. They described that an organizations is not that just structured but consist of 7s elements. This can be
distinguished into so called Hard Ss and soft Ss. The model is very much helpful in viewing the
interrelationship of strategy.
That may effect the implantation of any strategy as the model originally developed as a way of thinking
more broadly about the problems of organizing effectively.

STRATEGY
The strategy in the 7S framework includes purposes, missions, objectives, goals and major action
plans and policies of the company. Through out the past decades, the corporate world has given close
attention to the interplay between strategy and structure. Certainly clear ideas about strategy make the job of
structural design more rational. By Strategy we mean those actions that a company plans in response to or
anticipation of changes in its external environment its customers, its competitors. Strategy is the way a
company aims to improve its positions vis-a-vis competition-perhaps by providing low-cost services,
perhaps by providing better value to the customers, perhaps by achieving sales and service dominance.
Strategy is formulated from what worked and did not work in the part, and shows what management must
do in the present to active the desired future. Strategic effectiveness comes from the way the activities align
and reinforce each. Adding together activities randomly is not a strategy. Strategic thinkers must, therefore,
organize the right mean of strategic activities assure they reinforce each other and align all animals of the
culture to reinforce the strategy.

25
Strategy would have these main ingredients to make it more effective and efficient.
Consistency
Realistic
Carefully executed

The principle of strategy framework in that the more strategies clearly understood and implemented the
more consistent and effective will be the framework for enterprises.
An organization needs both planned and opportunistic tendencies, but the key to success lies in dynamic
strategy, which exists in the organization. Strategy formulation entails a search for a different of references.
It is quest for new business ethics. Strategic planning is about asking questions more than attempting to
answer them. Strategic thinking involves understanding the basic economics of business, identifying ones
source of competitive advantage and allocating resources ensure that ones distinctive capabilities remain
same strong.
Strategy includes:
Organizational Strategy
Product of service Strategy
Marketing Strategy.

STRUCTURE
Structure refers to the organizational arrangements for performing tasks and activities. The structure
could be give, functional, regional and product wise etc. An organizational structure is of the strategic
management variables. It is the framework of reporting relationships note definitions and accountabilities
that are intended to assist the firm in meeting its mission and objectives.
Organization structure of KARVY FINAPOLIS consists of Board of Directors on the top, which is
connected with the C.E.O who is the main handler and manager of all the activities taking place in the
organization. The four departments, which are in the organization, are connected to the C.E.O. The four
departments include

SYSTEM
System refers to all the rules and regulations and procedure both formal and informal that compliment
the organizational structure. Systems apply to many aspects of the firm. The system model of management
shows that communication is needed for carrying out the managerial functions and for linking the
organizational with its external environment system is most offers used with reference to MIS and
Marketing Information System. The effective day-to-day running of a business requires the speedy
collection, collection, collation and flexible retrieval of information.
Systems in the 7-S framework refers to all the rules, regulations, and procedures compliment the
organizational structure.
The information systems at the various branches of KARVY FINAPOLIS are followed by submission of
MIS reports at the end of their day-to-day activities. The activities of the front-end operations include-
Client Advisory Services
Processing of various account transactions E.g.- Redemptions, Switchovers
New issue promotion
Portfolio management of clients
Client servicing which includes interacting with various Area manager settlement & allocation of
units.

26
 Promotional activities for promotion of various funds (New recommended ones)
Finally MIS reporting of the day to day transactions

At the back office day to day operations include-

Processing various application forms of IPOs
Providing settlement of accounts to the investors on request
Addressing requests for non-payment of sub brokers commission
MIS reporting of day-to-day transactions.

STYLE
Style has observed in the organization that the behaviour of superior towards the subordinates is
pleasant. All firms develop a style and culture How things are done this can related to how people work
together, how they dress, in the organization need to be familiar to the style, which is adopted in the
organization for achieving the goals.
Style is one of the seven levers, which top managers can used to bring about organizational change. It is one
of the so-called soft Ss. The style of the organization is according to the McKinsey framework, because
evident through the pattern of actions taken by members of the top management team over a period of time.

STAFFING FUNCTION AT KARVY FINAPOLIS

There is no proper HR Department and recruitment is mainly through employees reference or through
promotion on its website. The assistant General Managers are the head of their respective departments.
Promotion or the up gradation of the employees is clearly based on Merit-cum-Seniority basis.
The help desk system is taken by the ORION software. The main work of this to take care of the front-end
systems and the digital stock index board; they must update it on a day-to-day basis. It also takes care of the
queries of clearing and settlement process. The employees taking care of this system must ensure proper
clearance of the queries. They also need to communicate with the customers and provide them with
information needed by them.
The company secretary takes up the member or secretarial work. He prepares the needed reports to be
provided to the top management. The registration of the new clients is the responsibility of the senior
executives. Inspection work is the duty of respective managers of the department. The managers take up
administration. The depository help desk handles the queries regarding the depository services. Various help
desk are responsible for clearing the queries and communicating with the clients.
SKILLS
Skills refer to the fact that employers have the skills needed to carry out the company strategy.
Training and development ensuring people to know to do their jobs and stay up to date with the latest
techniques. People in an organization need various skills such as managerial, engineering, application,
technology, and science etc, in the organizational content people also need business skills such as
marketing, finance and planning etc.,
Technical Skills
Conceptual Skills
Design Skills
Human Resource Skills

Waterman considers Skills as one of the most crucial attributes or capabilities of an organization. The
term Skills include those characteristics which most people use to described a company.

27
SHARED VALUES
It means that, employees share the same guiding value. Values would strive for even if they were
demonstrably not profitable. Shared values are the significant meanings or guidance concepts that an organ
includes in members. Long-term vision is all that values stuff, which shapes the destiny of the organization.
Shared values that originally called super ordinates goals; the guiding concepts and principles of the
organizational values and aspirations that go beyond the conventional statements of corporate objectives the
fundamental ideas around which a business is built; the things that influence a group to work together for a
common goal.

28
SWOT ANALYSIS

29
SWOT ANALYSIS:
Strength;
Good research team.
Dedicated employees.
Strong customer relationship.
Strong brand name.
Wide spread branches and brokers network.

Weakness;
Technology need to be updated.
Not enough advertisement.
Due to poor advertisement not having wide reach.

Opportunity;
Growing IPO issues.
Positive outlook of people towards financial products.
Growing consumer awareness about equity related product.

Threats;
Market uncertainty.
Galloping competition.
Broad economic factors like inflation etc.
Investors becoming panic.
Growing competition among services providers.

30
 LEARING
EXPERIANCE

31
LEARING EXPERIANCE
Had an opportunity to watch live dealings and trading procedures in stock market.
Got an idea, about the way to behave and respond to the problems and situation handling in an
organization.
Learned business etiquettes
Had a deep study about the stock market behave and was able to make analysis and interpretations.
Learned the applications of theoretical aspect in practical world.
Learned how to motivate customers in the investment avenues.
Came to know the applicability of secondary data and prime data.
Created awareness of various financial products.
Learned the trading and settlement procedures of commodity markets.
Came to know about Karvys position among its competitors.
Learned to correlate the stock along with the index.
Learned how an index is an indicator, which shows various fluctuations in stock market.
Noticed performance of different sectors on a specified duration.
Was curious to know the future and compare the predictions with the live market.
Higher the risk higher the profit.

One thing which came to my notice specially was,

Nothing can be speculated in stock market except risk.

32
PART B

33
CHAPTER I

34
SCOPE OF THE STUDY

Now a days share market is one of the main and very popular business concerns in the world. More or less

peoples are voluntarily come and invest their money in the share market. In a growth of an economy the

share market function is very essential especially for developing countries like India. The study helps to

understand the share market activities, know-how the share market prices are fluctuate and which source

will yield higher return. The study more helps how to take risk in the share market and learnt some tricks in

the share market. Also, the study motivates to invest the money in share market.

35
OBJECTIVES OF THE STUDY

The major objectives of the study are:

To find out how the share market prices are fluctuate.

To learn the share market activities.

To find out which source will yield higher return or profit.

To gain more knowledge about KARVY securities market.

LIMITATIONS OF THE STUDY

The study was only conducted by 70 days. Its very little span of time.

The share market prices are frequently changed.

Share prices are change due to the world market.

The share market is mainly based on assumptions not an assured one. Its one of the blind

activities.

36
 CHAPTER II

RESEARCH METHODOLOGY

MEANING OF RESEARCH
37
Research is an art of scientific investigation, John W.Best also defines research is systematic and objective
analysis recording of controlled observations that may lead to development of generalizations, principles or
theories, resulting is prediction and possibly ultimate control of events.

RESEARCH DESIGN

This project analyses the Sensex and its fluctuations in India. The project aims to analyze between the
selected sectors for the study. It also measures the risk involved in investing to the stocks.

DATA COLLECTION

The data was collected by two ways

1. Primary data
2. Secondary data

PRIMARY DATA

Primary data means one who collects first hand data. Here it was collected through observation method like
watch the day-to day market during the training period.

SECONDARY DATA

Secondary data was used for the study. Secondary data means the data that already available. It was
collected by various sources like internet, magazines, journals, reference books.

PERIOD OF STUDY

The daily share prices of above mentioned companies were taken for a period of 70 days from 15th
December 2010 to 18th feb.2011. The closing prices of share prices were taken and the price movements
were analyzed.

The study was conducted only 15 companies. They are as follows,

FINANCIAL SERVICE (BANKING)

ICICI BANK

38
 AXIS BANK
SOUTH INDIAN BANK

FINANCIAL SERVICE (NON-BANKING)

INDIA INFOLINE
INDIA BULLS
GEOJIT

OIL SECTOR

ONGC
IOC
BPCL

TELE COMMUNICATION SECTOR

BHARTI AIRTEL
RCOM
IDEA

FAST MOVING CONSUMER GOODS

HUL
ITC
DABUR

The purpose of this analysis is to take the 70 days solid data from the National Stock Exchange Website and
to predict the market trends in each of the above mentioned companies.

TOOLS USED FOR ANALYSIS

Standard deviation
Mean
Median

STANDARD DEVIATION

39
Standard deviation is a statistical measurement that sheds light on historical volatility. For example, a
volatile stock will have a high standard deviation while the deviation of a stable blue chip stock will be
lower. A large dispersion tells us how much the return on the fund is deviating from the expected normal
returns. A measure of the dispersion of a set of data from its mean. The more spread apart the data, the
higher the deviation. Standard deviation is calculated as the square root of variance.
In finance, standard deviation is applied to the annual rate of return of an investment to
measure the investment's volatility. Standard deviation is also known as historical volatility and is used by
investors as a gauge for the amount of expected volatility.

( x x) 2

Standard Deviation =
n

MEAN

The mean is the sum of the observations divided by the number of observations. The mean is often quoted
along with the standard deviation the mean describes the central location of the data, and the standard
deviation describes the spread. It is sometimes stated that the 'mean' means average.

Mean x =
x
n

MEDIAN

In probability theory and statistics, a median is described as the number separating the higher half of a
sample, a population, or a probability distribution, from the lower half. The median of a finite list of
numbers can be found by arranging all the observations from lowest value to highest value and picking the
middle one. If there is an even number of observations, the median is not unique, so one often takes the
mean of the two middle values. At most half the populations have values less than the median and at most

40
half have values greater than the median. If both groups contain less than half the population, then some of
the population is exactly equal to the median.

MEDIAN = Size of (N+1/2) th Item.

41
INTRODUCTION TO THE SELECTED COMPANIES

ICICI BANK
ICICI Bank is India's second-largest bank with total assets of Rs. 3,634.00

billion (US$ 81 billion) at March 31, 2010 and profit after tax Rs. 40.25

billion (US$ 896 million) for the year ended March 31, 2010. The Bank has

a network of 2,528 branches and 6,000 ATMs in India, and has a presence

in 19 countries, including India. ICICI Bank offers a wide range of banking products and financial services
to corporate and retail customers through a variety of delivery channels and through its specialised
subsidiaries in the areas of investment banking, life and non-life insurance, venture capital and asset
management. ICICI Bank's equity shares are listed in India on Bombay Stock Exchange and the National
Stock Exchange of India Limited and its American Depositary Receipts (ADRs) are listed on the New York
Stock Exchange(NYSE).

AXIS BANK

Axis Bank was the first of the new private banks to have begun operations in 1994, after the
Government of India allowed new private banks to be established. The Bank was promoted jointly by
the Administrator of the specified undertaking of the Unit Trust of India (UTI - I), Life Insurance
Corporation of India (LIC) and General Insurance Corporation of India (GIC) and other four PSU
insurance companies, i.e. National Insurance Company Ltd., The New India Assurance Company Ltd.,
The Oriental Insurance Company Ltd. and United India Insurance Company Ltd.The Bank as on 31st
December, 2010 is capitalized to the extent of Rs. 409.90 crores with the public holding (other than
promoters and GDRs) at 53.62%.

The Bank's Registered Office is at Ahmedabad and its Central Office is located at Mumbai. The
Bank has a very wide network of more than 1281 branches (including 169 Service Branches/CPCs as on
31st December, 2010). The Bank has a network of over 5303 ATMs (as on 31st December, 2010)
providing 24 hrs a day banking convenience to its customers. This is one of the largest ATM
networks in the country. The Bank has strengths in both retail and corporate banking and is committed
to adopting the best industry practices internationally in order to achieve excellence.

42
SOUTH INDIAN BANK

One of the earliest banks in South India, "South Indian Bank" came into being during the Swadeshi
movement. The establishment of the bank was the fulfillment of the dreams of a group of enterprising men
who joined together at Thrissur, a major town (now known as the Cultural Capital of Kerala), in the
erstwhile State of Cochin to provide for the people a safe, efficient and service oriented repository of
savings of the community on one hand and to free the business community from the clutches of greedy
money lenders on the other by providing need based credit at reasonable rates of interest.Translating the
vision of the founding fathers as its corporate mission, the bank has during its long sojourn been able to
project itself as a vibrant, fast growing, service oriented and trend setting financial intermediary.

INDIA INFOLINE

The India Info line group, comprising the holding company, India Info line Limited and its wholly-
owned subsidiaries, straddle the entire financial services space with offerings ranging from Equity research,
Equities and derivatives trading, Commodities trading, Portfolio Management Services, Mutual Funds, Life
Insurance, Fixed deposits, GoI bonds and other small savings instruments to loan products and Investment
banking. India Info line also owns and manages the websites like www.indiainfoline.com and
www.5paisa.com The company has a network of 596 branches spread across 345 cities and towns. It has
more than 500,000 customers.

India Info line Limited is listed on both the leading stock exchanges in India, viz. the Stock Exchange,
Mumbai (BSE) and the National Stock Exchange (NSE) and is also a member of both the exchanges. It is
engaged in the businesses of Equities broking, Wealth Advisory Services and Portfolio Management
Services. It offers broking services in the Cash and Derivatives segments of the NSE as well as the Cash
segment of the BSE. It is registered with NSDL as well as CDSL as a depository participant, providing a
one-stop solution for clients trading in the equities market. It has recently launched its Investment banking
and Institutional Broking business.

INDIA BULLS

43
 India bulls Financial Services Ltd is listed on the National Stock Exchange, Bombay Stock Exchange
and Luxembourg Stock Exchange. The market capitalization of India bulls is around USD 6,300 million
(31st December, 2010). Consolidated net worth of the group is around USD 905 million (31st December,
2010). India bulls and its group companies have attracted more than USD 800 million of equity capital in
Foreign Direct Investment (FDI) since March 2000. Some of the large shareholders of India bulls are the
largest financial institutions of the world such as Fidelity Funds, Goldman Sachs, Merrill Lynch, Morgan
Stanley and Carillon Capital.
An India bull is Indias leading Financial Services and Real Estate Company having over 640 branches all
over India. India bulls serves the financial needs of more than 4,50,000 customers with its wide range of
financial services and products from securities, derivatives trading, depositary services, research & advisory
services, consumer secured & unsecured credit, loan against shares and mortgage & housing finance. With
around 4000 Relationship Managers, an India bull helps its clients to satisfy their customized financial
goals. India bulls through its group companies have entered Indian Real Estate business in 2005. It is
currently evaluating several large-scale projects worth several hundred million dollars.
India bulls became the first company to bring FDI in Indian Real Estate through a JV with Carillon Capital
Management LLC, a respected US based investment firm. An India bull has demonstrated deep
understanding and commitment to Indian Real Estate market by winning competitive bids for landmark
properties in Mumbai and Delhi.

GEOJIT

Mr.C.J.George and Mr.RanajitKanjilal founded Geojit as a partnership firm in the year 1987. In 1993,
Mr.Ranajit Kanjilal retired from the firm and Geojit became a proprietary concern of Mr. C .J. George. In
1994, it became a Public Limited Company by the name Geojit Securities Ltd. The Kerala State Industrial
Development Corporation Ltd. (KSIDC), in 1995, became a co-promoter of Geojit by acquiring 24% stake
in the company, the only instance in India of a government entity participating in the equity of a stock
broking company. Geojit listed at The Stock Exchange, Mumbai (BSE) in the year 2000. In 2003, the
Company was renamed as Geojit Financial Services Ltd. (GFSL). The board of the company consists of
professional directors; including a Kerala government nominee with 2/3rd of the board members being
Independent Directors. With effect from July 2005, the company is also listed at The National Stock
Exchange (NSE). Geojit is a charter member of the Financial Planning Standards Board of India and is one
of the largest DP brokers in the country.

44
OIL AND NATURAL GAS CORPORATION
During the pre-independence period, the Assam Oil Company in the northeastern and Attock Oil
company in northwestern part of the undivided India were the only oil companies producing oil in the
country, with minimal exploration input. The major part of Indian sedimentary basins was deemed to be
unfit for development of oil and gas resources.
After independence, the national Government realized the importance oil and gas for rapid industrial
development and its strategic role in defense. Consequently, while framing the Industrial Policy Statement
of 1948, the development of petroleum industry in the country was considered to be of utmost necessity.
Until 1955, private oil companies mainly carried out exploration of hydrocarbon resources of India. In
Assam, the Assam Oil Company was producing oil at Digboi (discovered in 1889) and the Oil India Ltd. (a
50% joint venture between Government of India and Burmah Oil Company) was engaged in developing two
newly discovered large fields Naharkatiya and Moran in Assam. In West Bengal, the Indo-Stanvac
Petroleum project (a joint venture between Government of India and Standard Vacuum Oil Company of
USA) was engaged in exploration work. The vast sedimentary tract in other parts of India and adjoining
offshore remained largely unexplored.
In 1955, Government of India decided to develop the oil and natural gas resources in the various regions of
the country as part of the Public Sector development. With this objective, an Oil and Natural Gas
Directorate was set up towards the end of 1955, as a subordinate office under the then Ministry of Natural
Resources and Scientific Research. The department was constituted with a nucleus of geoscientists from the
Geological survey of India.

INDIAN OIL CORPORATION

Beginning in 1959 as Indian Oil Company Ltd., Indian Oil Corporation Ltd. was formed in 1964 with
the merger of Indian Refineries Ltd. (established 1958). Indian Oil and its subsidiaries account for 49%
petroleum products market share, 40.4% refining capacity and 69% downstream sector pipelines capacity in
India.
For the year 2009-10, the Indian Oil group sold 69.29 million tonnes of petroleum products, including
1.74 million tonnes of natural gas, and exported 3.33 million tonnes of petroleum products.

45
Indian Oil is investing Rs, 43,393 crores, (US $10.8 billion) during the period 2010-12 in augmentation of
refining and pipeline capacities, expansion of marketing infrastructure and product quality up gradation as
well as in integration and diversification projects.
A delegation under the leadership of Mr. K D Malviya, the then Minister of Natural Resources, visited
several European countries to study the status of oil industry in those countries and to facilitate the training
of Indian professionals for exploring potential oil and gas reserves. Foreign experts from USA, West
Germany, Romania and erstwhile U.S.S.R visited India and helped the government with their expertise.
Finally, the visiting Soviet experts drew up a detailed plan for geological and geophysical surveys and
drilling operations to be carried out in the 2nd Five Year Plan (1956-57 to 1960-61).
Indian Oil Corporation Ltd. is currently India's largest company by sales with a turnover of Rs, 247,479
crores, (US $59.22 billion), and profit of Rs,. 6963 crores, (US $ 1.67 billion) for fiscal 2007.
Indian Oil is also the highest ranked Indian company in the prestigious Fortune 'Global 500' listing, having
moved up 18 places to the 135th position in 2007. It is also the 20th largest petroleum company in the
world. Indian Oils vision is driven by a group of dynamic leaders who have made it a name to reckon with.

BHARAT PETROLEUM CORPORATION LTD

The Retail SBU represents the face of Bharat Petroleum to the outside world and is engaged in the
retailing of Petrol, Diesel and Kerosene, besides various Non-Fuel Products and value-added services
through its robust network of 6553 retail outlets and 1007 Kerosene dealers.
Viewing the impending deregulation more as an opportunity rather than a threat, substantial steps were
undertaken to maintain the lead and create a distinct product differentiation vis--vis competition. This
customer-oriented approach is evident from the various offerings at Bharat Petroleum's Retail Outlets. At
present, Bharat Petroleum enjoys a market share of 30.2% in Petrol and 26.4% in Diesel. Also, the average
fuel sales per Retail Outlet at 167KL (Kilolitres) per month are significantly higher than the Industry
average subtly indicating Bharat Petroleum's state of preparedness.
Bharat Petroleum's Retail SBU is working towards increasing the economic value of the existing Retail
Outlets. Besides building a leadership position in the fuels business, Bharat Petroleum also aspires to build a
niche for itself in the non-fuel segment. In consultation with the leading international consultants Mckinsey
& Co., the retail SBU has chalked out a strategy focused on building stronger ties with the customers and
leveraging the large national network to realize greater economic value.
This customer-oriented approach is manifested in the various pioneering offerings at Bharat Petroleum's
Retail Outlets

BHARTI AIRTEL

46
 Telecom giant Bharti Airtel is the flagship company of Bharti Enterprises. The Bharti Group has a
diverse business portfolio and has created global brands in the telecommunication sector. Bharti has recently
forayed into retail business as Bharti Retail Pvt. Ltd. under a MoU with Wal-Mart for the cash & carry
business. It has successfully launched an international venture with EL Rothschild Group to export fresh
agri products exclusively to markets in Europe and USA and has launched Bharti AXA Life Insurance
Company Ltd under a joint venture with AXA, world leader in financial protection and wealth management.

Bharti Airtel Limited, Indias largest integrated and the first private telecom services provider with a
footprint in all the 23 telecom circles. Bharti Airtel since its inception has been at the forefront of
technology and has steered the course of the telecom sector in the country with its world class products and
services. The businesses at Bharti Airtel have been structured into three individual strategic business units
(SBUs) - Mobile Services, Airtel Telemedia Services & Enterprise Services. The mobile business provides
mobile & fixed wireless services using GSM technology across 23 telecom circles while the Airtel
Telemedia Services business offers broadband & telephone services in 94 cities. The Enterprise services
provide end-to-end telecom solutions to corporate customers and national & international long distance
services to carriers. All these services are provided under the Airtel brand.

RELIANCE COMMUNICATION

The Late Dhirubhai Ambani dreamt of a digital India an India where the common man would have
access to affordable means of information and communication. Dhirubhai, who single-handedly built Indias
largest private sector company virtually from scratch, had stated as early as 1999: Make the tools of
information and communication available to people at an affordable cost. They will overcome the handicaps
of illiteracy and lack of mobility.

It was with this belief in mind that Reliance Communications (formerly Reliance Infocomm) started
laying 60,000 route kilometers of a pan-India fibre optic backbone. This backbone was commissioned on 28
December 2002, the auspicious occasion of Dhirubhais 70th birthday, though sadly after his unexpected
demise on 6 July 2002. Reliance Communications has a reliable, high-capacity, integrated (both wireless
and wireline) and convergent (voice, data and video) digital network. It is capable of delivering a range of
services spanning the entire infocomm (information and communication) value chain, including
infrastructure and services for enterprises as well as individuals, applications, and consulting. Today,
Reliance Communications is revolutionising the way India communicates and networks, truly bringing
about a new way of life.

IDEA
47
 IDEA Cellular is a publicly listed company, having listed on the Bombay Stock Exchange (BSE) and
the National Stock Exchange (NSE) in March 2007.As India's leading GSM Mobile Services operator,
IDEA Cellular has licenses to operate in all 22 Service Areas. Presently, operations exist in 11 Service
Areas covering Delhi, Maharashtra, Goa, Gujarat, Andhra Pradesh, Madhya Pradesh, Chattisgarh,
Uttaranchal, Haryana, UP-West, Himachal Pradesh, UP-East, Rajasthan and Kerala. With a customer base
of over 26 million, IDEA Cellular's footprint currently covers approximately 60% of India's telecom
population.

A frontrunner in introducing revolutionary tariff plans, IDEA Cellular has the distinction of offering
the most customer friendly and competitive Pre Paid offerings, for the first time in India in an increasingly
segmented market. Customer Service and Innovation are the drivers of this Cellular Brand. A brand known
for their many firsts, Idea is only operator to launch GPRS and EDGE in the country. Idea has received
international recognition for its path-breaking innovations when it won the GSM Association Award for
"Best Billing and Customer Care Solution" for 2 consecutive years.

IDEA Cellular is part of the Aditya Birla Group, a US$ 24 billion corporation with a market cap of
US$ 31.5 billion and in the league of Fortune 500. Anchored by an extraordinary force of over 100,000
employees belonging to 25 different nationalities, over 50% of its revenues flow from its overseas
operations. The Group has been adjudged The Best Employer in India and among the Top 20 in Asia' by
the Hewitt-Economic Times and Wall Street Journal Study 2007.The combined holding of the Aditya Birla
Group companies in IDEA stands at around 57 per cent. With ambitious future plans, the company is poised
for rapid growth across the whole country.

HINDUSTAN UNILEVER LTD

Hindustan Unilever Limited is India's largest fast moving consumer goods company, with leadership
in Home & Personal Care Products and Foods & Beverages. HUL's brands, spread across 20 distinct
consumer categories, touch the lives of two out of three Indians. The mission that inspires HUL's over
15,000 employees is to "add vitality to life". With 35 Power Brands, HUL meets everyday needs for
nutrition, hygiene, and personal care with brands that help people feel good.It is a mission HUL shares with
its parent company, Unilever, which holds 52.10% of the equity. A Fortune 500 transnational, Unilever sells
Foods and Home and Personal Care brands in about 100 countries worldwide.

INDIA TOBACCO CORPORATION

ITC is one of India's foremost private sector companies with a market capitalization of nearly US $ 18
billion and a turnover of over US $ 4.75 billion. ITC is rated among the World's Best Big Companies, Asia's
48
'Fab 50' and the World's Most Reputable Companies by Forbes magazine, among India's Most Respected
Companies by Business World and among India's Most Valuable Companies by Business Today. ITC also
ranks among India's top 10 `Most Valuable (Company) Brands', in a study conducted by Brand Finance and
published by the Economic Times.

ITC has a diversified presence in Cigarettes, Hotels, Paperboards & Specialty Papers, Packaging, Agri-
Business, Packaged Foods & Confectionery, Information Technology, Branded Apparel, Personal Care,
Stationery, Safety Matches and other FMCG products. While ITC is an outstanding market leader in its
traditional businesses of Cigarettes, Hotels, Paperboards, Packaging and Agri-Exports, it is rapidly gaining
market share even in its nascent businesses of Packaged Foods & Confectionery, Branded Apparel, Personal
Care and Stationery.

As one of India's most valuable and respected corporations, ITC is widely perceived to be dedicatedly
nation-oriented. Chairman Y C Deveshwar calls this source of inspiration "a commitment beyond the
market". In his own words: "ITC believes that its aspiration to create enduring value for the nation provides
the motive force to sustain growing shareholder value. ITC practices this philosophy by not only driving
each of its businesses towards international competitiveness but by also consciously contributing to
enhancing the competitiveness of the larger value chain of a part."

DABUR INDIA

Dabur India Limited is a leading Indian consumer goods company with interests in health care,
Personal care and foods. Over more than 100 years they have been dedicated to providing nature-based
solutions for a healthy and holistic lifestyle.

Through our comprehensive range of products it touches the lives of all consumers, in all age groups, across
all social boundaries. And this legacy has helped us develop a bond of trust with our consumers. That
guarantees to customer the best in all products carrying the Dabur name.

49
50
 CHAPTER III

ANALYSIS AND INTERPRETATION

DATA ANALYSIS
Table:1 Showing Standard Deviation Value Of Banking Sector
DATE SOUTH BANK AXIS BANK ICICI BANK
15-Dec-2010 25.45 1297.60 1078.70
16-Dec-2010 25.20 1309.35 1105.75
20-Dec-2010 25.05 1270.90 1100.05
21-Dec-2010 24.75 1318.35 1138.35
22-Dec-2010 24.60 1311.65 1131.75
23-Dec-2010 24.65 1314.10 1129.65
24-Dec-2010 24.55 1322.00 1118.15
27-Dec-2010 24.05 1316.60 1125.55
28-Dec-2010 24.05 1288.90 1111.85
29-Dec-2010 24.15 1312.40 1129.45
30-Dec-2010 24.05 1333.80 1136.85
31-Dec-2010 24.15 1350.10 1145.10

51
03-Jan-2011 24.60 1367.65 1144.85
04-Jan-2010 24.60 1347.95 1104.05
05-Jan-2011 24.60 1310.90 1069.35
06-Jan-2011 24.15 1305.85 1053.45
07-Jan-2010 23.70 1280.65 1049.20
10-Jan-2010 23.05 1254.60 1014.00
11-Jan-2011 22.15 1300.20 1022.95
12-Jan-2011 22.25 1313.35 1069.45
13-Jan-2011 23.20 1265.45 1026.00
14-Jan-2011 23.45 1201.60 1009.20
17-Jan-2011 22.90 1229.00 1001.15
18-Jan-2011 22.55 1278.25 1011.45
19-Jan-2011 22.60 1280.10 1023.25
20-Jan-2011 22.60 1285.10 1050.55
21-Jan-2011 21.85 1287.05 1065.55
24-Jan-2011 21.90 1325.75 1083.90
25-Jan-2011 21.85 1297.20 1037.90
27-Jan-2011 21.85 1298.95 1014.35
28-Jan-2011 21.40 1253.50 1018.45
31-Jan-2011 20.25 1242.20 1021.60
01-Feb-2011 20.00 1242.65 994.80
02-Feb-2011 19.85 1225.05 1011.40
03-Feb-2011 19.90 1256.35 1027.00
04-Feb-2011 19.60 1222.60 996.00
07-Feb-2011 19.75 1228.55 978.75
08-Feb-2011 333.30 110.45 68.40
09-Feb-2011 332.15 94.65 66.25
10-Feb-2011 322.60 96.60 64.70
11-Feb-2011 318.90 97.15 63.65
14-Feb-2011 327.35 97.30 63.30
15-Feb-2011 329.15 101.55 62.00
16-Feb-2011 328.40 99.60 63.20
17-Feb-2011 339.85 99.95 65.15
18-Feb-2011 331.35 93.15 63.50
SD 21.980 10.01 12.993

Table:2 Showing the Mean Value Of Banking Sector

DATE SOUTH BANK AXIS BANK ICICI BANK
15-Dec-2010 25.45 1297.60 1078.70
16-Dec-2010 25.20 1309.35 1105.75
20-Dec-2010 25.05 1270.90 1100.05

52
21-Dec-2010 24.75 1318.35 1138.35
22-Dec-2010 24.60 1311.65 1131.75
23-Dec-2010 24.65 1314.10 1129.65
24-Dec-2010 24.55 1322.00 1118.15
27-Dec-2010 24.05 1316.60 1125.55
28-Dec-2010 24.05 1288.90 1111.85
29-Dec-2010 24.15 1312.40 1129.45
30-Dec-2010 24.05 1333.80 1136.85
31-Dec-2010 24.15 1350.10 1145.10
03-Jan-2011 24.60 1367.65 1144.85
04-Jan-2010 24.60 1347.95 1104.05
05-Jan-2011 24.60 1310.90 1069.35
06-Jan-2011 24.15 1305.85 1053.45
07-Jan-2010 23.70 1280.65 1049.20
10-Jan-2010 23.05 1254.60 1014.00
11-Jan-2011 22.15 1300.20 1022.95
12-Jan-2011 22.25 1313.35 1069.45
13-Jan-2011 23.20 1265.45 1026.00
14-Jan-2011 23.45 1201.60 1009.20
17-Jan-2011 22.90 1229.00 1001.15
18-Jan-2011 22.55 1278.25 1011.45
19-Jan-2011 22.60 1280.10 1023.25
20-Jan-2011 22.60 1285.10 1050.55
21-Jan-2011 21.85 1287.05 1065.55
24-Jan-2011 21.90 1325.75 1083.90
25-Jan-2011 21.85 1297.20 1037.90
27-Jan-2011 21.85 1298.95 1014.35
28-Jan-2011 21.40 1253.50 1018.45
31-Jan-2011 20.25 1242.20 1021.60
01-Feb-2011 20.00 1242.65 994.80
02-Feb-2011 19.85 1225.05 1011.40
03-Feb-2011 19.90 1256.35 1027.00
04-Feb-2011 19.60 1222.60 996.00
07-Feb-2011 19.75 1228.55 978.75
08-Feb-2011 333.30 110.45 68.40
09-Feb-2011 332.15 94.65 66.25
10-Feb-2011 322.60 96.60 64.70
11-Feb-2011 318.90 97.15 63.65
14-Feb-2011 327.35 97.30 63.30
15-Feb-2011 329.15 101.55 62.00
16-Feb-2011 328.40 99.60 63.20
17-Feb-2011 339.85 99.95 65.15
18-Feb-2011 331.35 93.15 63.50
MEAN 493.941 83.103 283.35

53
 Table:3 Showing the Median Value Of Banking Sector
DATE SOUTH BANK AXIS BANK ICICI BANK
15-Dec-2010 25.45 1297.60 1078.70
16-Dec-2010 25.20 1309.35 1105.75
20-Dec-2010 25.05 1270.90 1100.05
21-Dec-2010 24.75 1318.35 1138.35
22-Dec-2010 24.60 1311.65 1131.75
23-Dec-2010 24.65 1314.10 1129.65
24-Dec-2010 24.55 1322.00 1118.15
27-Dec-2010 24.05 1316.60 1125.55
28-Dec-2010 24.05 1288.90 1111.85
29-Dec-2010 24.15 1312.40 1129.45
30-Dec-2010 24.05 1333.80 1136.85
31-Dec-2010 24.15 1350.10 1145.10
03-Jan-2011 24.60 1367.65 1144.85
04-Jan-2010 24.60 1347.95 1104.05
05-Jan-2011 24.60 1310.90 1069.35
06-Jan-2011 24.15 1305.85 1053.45
07-Jan-2010 23.70 1280.65 1049.20
10-Jan-2010 23.05 1254.60 1014.00
11-Jan-2011 22.15 1300.20 1022.95
12-Jan-2011 22.25 1313.35 1069.45
13-Jan-2011 23.20 1265.45 1026.00
14-Jan-2011 23.45 1201.60 1009.20
17-Jan-2011 22.90 1229.00 1001.15
18-Jan-2011 22.55 1278.25 1011.45
19-Jan-2011 22.60 1280.10 1023.25
20-Jan-2011 22.60 1285.10 1050.55
21-Jan-2011 21.85 1287.05 1065.55
24-Jan-2011 21.90 1325.75 1083.90
25-Jan-2011 21.85 1297.20 1037.90
27-Jan-2011 21.85 1298.95 1014.35
28-Jan-2011 21.40 1253.50 1018.45
31-Jan-2011 20.25 1242.20 1021.60
01-Feb-2011 20.00 1242.65 994.80
02-Feb-2011 19.85 1225.05 1011.40
03-Feb-2011 19.90 1256.35 1027.00
04-Feb-2011 19.60 1222.60 996.00
07-Feb-2011 19.75 1228.55 978.75
08-Feb-2011 333.30 110.45 68.40
09-Feb-2011 332.15 94.65 66.25

54
10-Feb-2011 322.60 96.60 64.70
11-Feb-2011 318.90 97.15 63.65
14-Feb-2011 327.35 97.30 63.30
15-Feb-2011 329.15 101.55 62.00
16-Feb-2011 328.40 99.60 63.20
17-Feb-2011 339.85 99.95 65.15
18-Feb-2011 331.35 93.15 63.50
MEDIAN 495.15 86.25 281.75

Table:1 Showing the Standard Deviation Value Of financial Sector

DATE INDIA INFO INDIA BULLS GEOJIT
15-Dec-2010 81.40 169.15 33.15
16-Dec-2010 78.70 169.35 33.25
20-Dec-2010 76.45 165.95 33.30
21-Dec-2010 81.85 169.90 33.30
22-Dec-2010 82.35 173.65 33.40
23-Dec-2010 83.25 171.40 33.20
24-Dec-2010 83.45 170.85 32.90
27-Dec-2010 79.25 167.80 32.75
28-Dec-2010 79.35 165.65 32.65
29-Dec-2010 82.40 165.80 32.65
30-Dec-2010 83.10 170.85 32.55
31-Dec-2010 82.15 174.15 32.90
03-Jan-2011 82.45 177.30 33.40
04-Jan-2010 83.50 174.90 34.00
05-Jan-2011 81.60 167.30 33.30
06-Jan-2011 79.50 162.05 32.55
07-Jan-2010 77.35 156.05 32.15
10-Jan-2010 77.70 153.65 31.20
11-Jan-2011 77.75 35.00 30.65
12-Jan-2011 80.35 155.20 30.80
13-Jan-2011 78.15 168.40 30.45
14-Jan-2011 78.30 161.70 29.80
17-Jan-2011 75.05 157.55 28.50
18-Jan-2011 75.60 151.75 28.90
19-Jan-2011 74.80 154.50 28.50
20-Jan-2011 73.30 156.65 27.95
21-Jan-2011 76.95 166.10 27.85
24-Jan-2011 80.90 170.40 28.80
25-Jan-2011 81.00 166.20 28.30

55
27-Jan-2011 75.80 166.20 28.05
28-Jan-2011 75.00 158.75 26.80
31-Jan-2011 76.05 150.65 25.95
01-Feb-2011 78.00 156.70 26.00
02-Feb-2011 78.65 155.50 26.30
03-Feb-2011 78.55 153.95 26.80
04-Feb-2011 75.90 153.40 26.25
07-Feb-2011 66.90 151.65 26.45
08-Feb-2011 333.30 110.45 68.40
09-Feb-2011 332.15 94.65 66.25
10-Feb-2011 322.60 96.60 64.70
11-Feb-2011 318.90 97.15 63.65
14-Feb-2011 327.35 97.30 63.30
15-Feb-2011 329.15 101.55 62.00
16-Feb-2011 328.40 99.60 63.20
17-Feb-2011 339.85 99.95 65.15
18-Feb-2011 331.35 93.15 63.50
SD 106.93 55.874 6.2735

56
 Table:2 Showing the mean Value Of financial Sector
DATE INDIA INFO INDIA BULLS GEOJIT
15-Dec-2010 81.40 169.15 33.15
16-Dec-2010 78.70 169.35 33.25
20-Dec-2010 76.45 165.95 33.30
21-Dec-2010 81.85 169.90 33.30
22-Dec-2010 82.35 173.65 33.40
23-Dec-2010 83.25 171.40 33.20
24-Dec-2010 83.45 170.85 32.90
27-Dec-2010 79.25 167.80 32.75
28-Dec-2010 79.35 165.65 32.65
29-Dec-2010 82.40 165.80 32.65
30-Dec-2010 83.10 170.85 32.55
31-Dec-2010 82.15 174.15 32.90
03-Jan-2011 82.45 177.30 33.40
04-Jan-2010 83.50 174.90 34.00
05-Jan-2011 81.60 167.30 33.30
06-Jan-2011 79.50 162.05 32.55
07-Jan-2010 77.35 156.05 32.15
10-Jan-2010 77.70 153.65 31.20
11-Jan-2011 77.75 35.00 30.65
12-Jan-2011 80.35 155.20 30.80
13-Jan-2011 78.15 168.40 30.45
14-Jan-2011 78.30 161.70 29.80
17-Jan-2011 75.05 157.55 28.50
18-Jan-2011 75.60 151.75 28.90
19-Jan-2011 74.80 154.50 28.50
20-Jan-2011 73.30 156.65 27.95
21-Jan-2011 76.95 166.10 27.85
24-Jan-2011 80.90 170.40 28.80
25-Jan-2011 81.00 166.20 28.30
27-Jan-2011 75.80 166.20 28.05
28-Jan-2011 75.00 158.75 26.80
31-Jan-2011 76.05 150.65 25.95
01-Feb-2011 78.00 156.70 26.00
02-Feb-2011 78.65 155.50 26.30
03-Feb-2011 78.55 153.95 26.80
04-Feb-2011 75.90 153.40 26.25
07-Feb-2011 66.90 151.65 26.45
08-Feb-2011 333.30 110.45 68.40
09-Feb-2011 332.15 94.65 66.25
10-Feb-2011 322.60 96.60 64.70
11-Feb-2011 318.90 97.15 63.65
14-Feb-2011 327.35 97.30 63.30
57
15-Feb-2011 329.15 101.55 62.00
16-Feb-2011 328.40 99.60 63.20
17-Feb-2011 339.85 99.95 65.15
18-Feb-2011 331.35 93.15 63.50
MEAN 690.711 349.873 50.1565

Table:3 Showing the median Value Of financial Sector

DATE INDIA INFO INDIA BULLS GEOJIT
15-Dec-2010 81.40 169.15 33.15
16-Dec-2010 78.70 169.35 33.25
20-Dec-2010 76.45 165.95 33.30
21-Dec-2010 81.85 169.90 33.30
22-Dec-2010 82.35 173.65 33.40
23-Dec-2010 83.25 171.40 33.20
24-Dec-2010 83.45 170.85 32.90
27-Dec-2010 79.25 167.80 32.75
28-Dec-2010 79.35 165.65 32.65
29-Dec-2010 82.40 165.80 32.65
30-Dec-2010 83.10 170.85 32.55
31-Dec-2010 82.15 174.15 32.90
03-Jan-2011 82.45 177.30 33.40
04-Jan-2010 83.50 174.90 34.00
05-Jan-2011 81.60 167.30 33.30
06-Jan-2011 79.50 162.05 32.55
07-Jan-2010 77.35 156.05 32.15
10-Jan-2010 77.70 153.65 31.20
11-Jan-2011 77.75 35.00 30.65
12-Jan-2011 80.35 155.20 30.80
13-Jan-2011 78.15 168.40 30.45
14-Jan-2011 78.30 161.70 29.80
17-Jan-2011 75.05 157.55 28.50
18-Jan-2011 75.60 151.75 28.90
19-Jan-2011 74.80 154.50 28.50
20-Jan-2011 73.30 156.65 27.95
21-Jan-2011 76.95 166.10 27.85
24-Jan-2011 80.90 170.40 28.80
25-Jan-2011 81.00 166.20 28.30
27-Jan-2011 75.80 166.20 28.05
28-Jan-2011 75.00 158.75 26.80
31-Jan-2011 76.05 150.65 25.95
01-Feb-2011 78.00 156.70 26.00

58
02-Feb-2011 78.65 155.50 26.30
03-Feb-2011 78.55 153.95 26.80
04-Feb-2011 75.90 153.40 26.25
07-Feb-2011 66.90 151.65 26.45
08-Feb-2011 333.30 110.45 68.40
09-Feb-2011 332.15 94.65 66.25
10-Feb-2011 322.60 96.60 64.70
11-Feb-2011 318.90 97.15 63.65
14-Feb-2011 327.35 97.30 63.30
15-Feb-2011 329.15 101.55 62.00
16-Feb-2011 328.40 99.60 63.20
17-Feb-2011 339.85 99.95 65.15
18-Feb-2011 331.35 93.15 63.50
MEDIAN 676.75 336.9 49.4

Table:1 Showing the Standard Deviation Value Of oil Sector

DATE ONGC IOC BPCL
15-Dec-2010 1323.75 380.50 703.35
16-Dec-2010 1329.95 379.35 699.50
20-Dec-2010 1304.45 367.65 691.40
21-Dec-2010 1301.00 363.95 683.40
22-Dec-2010 1305.20 366.45 696.00
23-Dec-2010 1300.25 362.55 688.35
24-Dec-2010 1294.75 354.80 672.45
27-Dec-2010 1299.55 354.30 666.40
28-Dec-2010 1289.90 347.65 664.00
29-Dec-2010 1303.35 348.45 669.10
30-Dec-2010 1294.60 337.30 659.20
31-Dec-2010 1288.20 342.40 658.40
03-Jan-2011 1292.80 353.60 659.95
04-Jan-2010 1287.05 348.80 653.55
05-Jan-2011 1266.15 349.50 632.55
06-Jan-2011 1227.30 341.55 618.75
07-Jan-2010 1205.85 343.75 616.95
10-Jan-2010 1174.35 335.20 605.35
11-Jan-2011 1184.80 328.30 609.80
12-Jan-2011 1186.65 319.55 618.90
13-Jan-2011 1201.50 310.35 597.90
14-Jan-2011 1179.05 309.80 593.85
17-Jan-2011 1170.10 314.25 585.60
18-Jan-2011 1170.45 314.00 589.40

59
19-Jan-2011 1158.85 313.65 584.30
20-Jan-2011 1134.30 312.95 575.50
21-Jan-2011 1105.55 327.80 590.90
24-Jan-2011 1138.25 329.85 601.20
25-Jan-2011 1130.45 336.80 630.95
27-Jan-2011 1113.80 328.70 636.70
28-Jan-2011 1132.90 334.25 632.45
31-Jan-2011 1177.80 336.95 613.00
01-Feb-2011 1176.75 324.80 580.50
02-Feb-2011 1181.60 325.85 593.65
03-Feb-2011 1195.40 320.50 595.60
04-Feb-2011 1191.70 319.00 588.45
07-Feb-2011 1194.55 322.40 594.90
08-Feb-2011 333.30 110.45 68.40
09-Feb-2011 332.15 94.65 66.25
10-Feb-2011 322.60 96.60 64.70
11-Feb-2011 318.90 97.15 63.65
14-Feb-2011 327.35 97.30 63.30
15-Feb-2011 329.15 101.55 62.00
16-Feb-2011 328.40 99.60 63.20
17-Feb-2011 339.85 99.95 65.15
18-Feb-2011 331.35 93.15 63.50
SD 40.024 27.244 40.235

Table2: Showing the Mean Value Of Oil Sector

DATE ONGC IOC BPCL
15-Dec-2010 1323.75 380.50 703.35
16-Dec-2010 1329.95 379.35 699.50
20-Dec-2010 1304.45 367.65 691.40
21-Dec-2010 1301.00 363.95 683.40
22-Dec-2010 1305.20 366.45 696.00
23-Dec-2010 1300.25 362.55 688.35
24-Dec-2010 1294.75 354.80 672.45
27-Dec-2010 1299.55 354.30 666.40
28-Dec-2010 1289.90 347.65 664.00
29-Dec-2010 1303.35 348.45 669.10
30-Dec-2010 1294.60 337.30 659.20
31-Dec-2010 1288.20 342.40 658.40
03-Jan-2011 1292.80 353.60 659.95
04-Jan-2010 1287.05 348.80 653.55
05-Jan-2011 1266.15 349.50 632.55
06-Jan-2011 1227.30 341.55 618.75

60
07-Jan-2010 1205.85 343.75 616.95
10-Jan-2010 1174.35 335.20 605.35
11-Jan-2011 1184.80 328.30 609.80
12-Jan-2011 1186.65 319.55 618.90
13-Jan-2011 1201.50 310.35 597.90
14-Jan-2011 1179.05 309.80 593.85
17-Jan-2011 1170.10 314.25 585.60
18-Jan-2011 1170.45 314.00 589.40
19-Jan-2011 1158.85 313.65 584.30
20-Jan-2011 1134.30 312.95 575.50
21-Jan-2011 1105.55 327.80 590.90
24-Jan-2011 1138.25 329.85 601.20
25-Jan-2011 1130.45 336.80 630.95
27-Jan-2011 1113.80 328.70 636.70
28-Jan-2011 1132.90 334.25 632.45
31-Jan-2011 1177.80 336.95 613.00
01-Feb-2011 1176.75 324.80 580.50
02-Feb-2011 1181.60 325.85 593.65
03-Feb-2011 1195.40 320.50 595.60
04-Feb-2011 1191.70 319.00 588.45
07-Feb-2011 1194.55 322.40 594.90
08-Feb-2011 333.30 110.45 68.40
09-Feb-2011 332.15 94.65 66.25
10-Feb-2011 322.60 96.60 64.70
11-Feb-2011 318.90 97.15 63.65
14-Feb-2011 327.35 97.30 63.30
15-Feb-2011 329.15 101.55 62.00
16-Feb-2011 328.40 99.60 63.20
17-Feb-2011 339.85 99.95 65.15
18-Feb-2011 331.35 93.15 63.50
MEAN 880.34 389.35 308.518

Table:3 Showing the Median Value Of Oil Sector

DATE ONGC IOC BPCL
15-Dec-2010 1323.75 380.50 703.35
16-Dec-2010 1329.95 379.35 699.50
20-Dec-2010 1304.45 367.65 691.40
21-Dec-2010 1301.00 363.95 683.40
22-Dec-2010 1305.20 366.45 696.00
23-Dec-2010 1300.25 362.55 688.35

61
24-Dec-2010 1294.75 354.80 672.45
27-Dec-2010 1299.55 354.30 666.40
28-Dec-2010 1289.90 347.65 664.00
29-Dec-2010 1303.35 348.45 669.10
30-Dec-2010 1294.60 337.30 659.20
31-Dec-2010 1288.20 342.40 658.40
03-Jan-2011 1292.80 353.60 659.95
04-Jan-2010 1287.05 348.80 653.55
05-Jan-2011 1266.15 349.50 632.55
06-Jan-2011 1227.30 341.55 618.75
07-Jan-2010 1205.85 343.75 616.95
10-Jan-2010 1174.35 335.20 605.35
11-Jan-2011 1184.80 328.30 609.80
12-Jan-2011 1186.65 319.55 618.90
13-Jan-2011 1201.50 310.35 597.90
14-Jan-2011 1179.05 309.80 593.85
17-Jan-2011 1170.10 314.25 585.60
18-Jan-2011 1170.45 314.00 589.40
19-Jan-2011 1158.85 313.65 584.30
20-Jan-2011 1134.30 312.95 575.50
21-Jan-2011 1105.55 327.80 590.90
24-Jan-2011 1138.25 329.85 601.20
25-Jan-2011 1130.45 336.80 630.95
27-Jan-2011 1113.80 328.70 636.70
28-Jan-2011 1132.90 334.25 632.45
31-Jan-2011 1177.80 336.95 613.00
01-Feb-2011 1176.75 324.80 580.50
02-Feb-2011 1181.60 325.85 593.65
03-Feb-2011 1195.40 320.50 595.60
04-Feb-2011 1191.70 319.00 588.45
07-Feb-2011 1194.55 322.40 594.90
08-Feb-2011 333.30 110.45 68.40
09-Feb-2011 332.15 94.65 66.25
10-Feb-2011 322.60 96.60 64.70
11-Feb-2011 318.90 97.15 63.65
14-Feb-2011 327.35 97.30 63.30
15-Feb-2011 329.15 101.55 62.00
16-Feb-2011 328.40 99.60 63.20
17-Feb-2011 339.85 99.95 65.15
18-Feb-2011 331.35 93.15 63.50
MEDIAN 873.85 378.75 300.95

62
 Table:1 Showing Standard Deviation Value Of Tele Sector
DATE AIRTEL RCOM IDEA
15-Dec-2010 339.70 129.35 69.90
16-Dec-2010 344.30 128.95 68.05
20-Dec-2010 335.00 126.85 66.25
21-Dec-2010 332.85 127.45 67.35
22-Dec-2010 343.25 128.20 68.20
23-Dec-2010 343.30 128.60 69.40
24-Dec-2010 348.60 141.95 70.20
27-Dec-2010 341.90 137.00 67.70
28-Dec-2010 342.35 139.40 68.35
29-Dec-2010 354.00 138.70 69.90
30-Dec-2010 357.45 138.45 68.05
31-Dec-2010 358.80 145.35 69.55
03-Jan-2011 359.35 148.25 70.80
04-Jan-2010 356.40 144.30 69.50
05-Jan-2011 349.00 140.05 69.50
06-Jan-2011 353.20 139.75 69.65
07-Jan-2010 338.50 139.35 67.45
10-Jan-2010 339.10 135.25 66.35
11-Jan-2011 338.45 137.65 66.75
12-Jan-2011 349.10 138.65 67.90
13-Jan-2011 346.65 138.50 67.25
14-Jan-2011 343.75 138.50 67.70
17-Jan-2011 348.50 131.65 69.10
18-Jan-2011 344.40 132.10 68.80
19-Jan-2011 344.45 130.80 69.00
20-Jan-2011 340.30 133.40 68.85
21-Jan-2011 336.05 136.40 68.55
24-Jan-2011 333.10 134.80 69.40
25-Jan-2011 337.75 132.90 71.65
27-Jan-2011 325.65 127.70 70.60
28-Jan-2011 327.25 125.15 70.20
31-Jan-2011 319.00 122.65 69.80
01-Feb-2011 317.10 118.50 66.60
02-Feb-2011 322.80 116.95 68.60
03-Feb-2011 339.80 118.10 71.50
04-Feb-2011 332.50 114.75 69.95
07-Feb-2011 333.85 115.60 68.90
08-Feb-2011 333.30 110.45 68.40
09-Feb-2011 332.15 94.65 66.25
10-Feb-2011 322.60 96.60 64.70
11-Feb-2011 318.90 97.15 63.65
14-Feb-2011 327.35 97.30 63.30

63
15-Feb-2011 329.15 101.55 62.00
16-Feb-2011 328.40 99.60 63.20
17-Feb-2011 339.85 99.95 65.15
18-Feb-2011 331.35 93.15 63.50
SD 38.8801 35.19224 4.071

Table:1 Showing Mean Value Of Tele Sector

DATE AIRTEL RCOM IDEA
15-Dec-2010 339.70 129.35 69.90
16-Dec-2010 344.30 128.95 68.05
20-Dec-2010 335.00 126.85 66.25
21-Dec-2010 332.85 127.45 67.35
22-Dec-2010 343.25 128.20 68.20
23-Dec-2010 343.30 128.60 69.40
24-Dec-2010 348.60 141.95 70.20
27-Dec-2010 341.90 137.00 67.70
28-Dec-2010 342.35 139.40 68.35
29-Dec-2010 354.00 138.70 69.90
30-Dec-2010 357.45 138.45 68.05
31-Dec-2010 358.80 145.35 69.55
03-Jan-2011 359.35 148.25 70.80
04-Jan-2010 356.40 144.30 69.50
05-Jan-2011 349.00 140.05 69.50
06-Jan-2011 353.20 139.75 69.65
07-Jan-2010 338.50 139.35 67.45
10-Jan-2010 339.10 135.25 66.35
11-Jan-2011 338.45 137.65 66.75
12-Jan-2011 349.10 138.65 67.90
13-Jan-2011 346.65 138.50 67.25
14-Jan-2011 343.75 138.50 67.70
17-Jan-2011 348.50 131.65 69.10
18-Jan-2011 344.40 132.10 68.80
19-Jan-2011 344.45 130.80 69.00
20-Jan-2011 340.30 133.40 68.85
21-Jan-2011 336.05 136.40 68.55
24-Jan-2011 333.10 134.80 69.40
25-Jan-2011 337.75 132.90 71.65
27-Jan-2011 325.65 127.70 70.60
28-Jan-2011 327.25 125.15 70.20
31-Jan-2011 319.00 122.65 69.80
01-Feb-2011 317.10 118.50 66.60

64
02-Feb-2011 322.80 116.95 68.60
03-Feb-2011 339.80 118.10 71.50
04-Feb-2011 332.50 114.75 69.95
07-Feb-2011 333.85 115.60 68.90
08-Feb-2011 333.30 110.45 68.40
09-Feb-2011 332.15 94.65 66.25
10-Feb-2011 322.60 96.60 64.70
11-Feb-2011 318.90 97.15 63.65
14-Feb-2011 327.35 97.30 63.30
15-Feb-2011 329.15 101.55 62.00
16-Feb-2011 328.40 99.60 63.20
17-Feb-2011 339.85 99.95 65.15
18-Feb-2011 331.35 93.15 63.50
MEAN 818.654 544.132 106.116

Table:1 Showing Median Value Of Tele Sector

DATE AIRTEL RCOM IDEA
15-Dec-2010 339.70 129.35 69.90
16-Dec-2010 344.30 128.95 68.05
20-Dec-2010 335.00 126.85 66.25
21-Dec-2010 332.85 127.45 67.35
22-Dec-2010 343.25 128.20 68.20
23-Dec-2010 343.30 128.60 69.40
24-Dec-2010 348.60 141.95 70.20
27-Dec-2010 341.90 137.00 67.70
28-Dec-2010 342.35 139.40 68.35
29-Dec-2010 354.00 138.70 69.90
30-Dec-2010 357.45 138.45 68.05
31-Dec-2010 358.80 145.35 69.55
03-Jan-2011 359.35 148.25 70.80
04-Jan-2010 356.40 144.30 69.50
05-Jan-2011 349.00 140.05 69.50
06-Jan-2011 353.20 139.75 69.65
07-Jan-2010 338.50 139.35 67.45
10-Jan-2010 339.10 135.25 66.35
11-Jan-2011 338.45 137.65 66.75
12-Jan-2011 349.10 138.65 67.90
13-Jan-2011 346.65 138.50 67.25
14-Jan-2011 343.75 138.50 67.70
17-Jan-2011 348.50 131.65 69.10
18-Jan-2011 344.40 132.10 68.80

65
19-Jan-2011 344.45 130.80 69.00
20-Jan-2011 340.30 133.40 68.85
21-Jan-2011 336.05 136.40 68.55
24-Jan-2011 333.10 134.80 69.40
25-Jan-2011 337.75 132.90 71.65
27-Jan-2011 325.65 127.70 70.60
28-Jan-2011 327.25 125.15 70.20
31-Jan-2011 319.00 122.65 69.80
01-Feb-2011 317.10 118.50 66.60
02-Feb-2011 322.80 116.95 68.60
03-Feb-2011 339.80 118.10 71.50
04-Feb-2011 332.50 114.75 69.95
07-Feb-2011 333.85 115.60 68.90
08-Feb-2011 333.30 110.45 68.40
09-Feb-2011 332.15 94.65 66.25
10-Feb-2011 322.60 96.60 64.70
11-Feb-2011 318.90 97.15 63.65
14-Feb-2011 327.35 97.30 63.30
15-Feb-2011 329.15 101.55 62.00
16-Feb-2011 328.40 99.60 63.20
17-Feb-2011 339.85 99.95 65.15
18-Feb-2011 331.35 93.15 63.50
MEDIAN 820.05 546.6 107.45

CHART-1 SHOWING THE FLUCTUATION OF ICICI BANK

66
CHART-2 SHOWING THE FLUCTUATION OF AXIS BANK

CHART-3 SHOWING THE FLUCTUATION OF SOUTH BANK

67
CHART-4 SHOWING THE FLUCTUATION OF INDIA INFO

CHART-5 SHOWING THE FLUCTUATION OF INDIA BULLS

68
CHART-6 SHOWING THE FLUCTUATION OF GEOJIT

CHART-7 SHOWING THE FLUCTUATION OF ONGC

69
CHART-8 SHOWING THE FLUCTUATION OF IOC

CHART-9 SHOWING THE FLUCTUATION OF BPCL

70
 CHART-10 SHOWING THE FLUCTUATION OF IDEA

CHART-10 SHOWING THE FLUCTUATION OF AIRTEL

71
CHART-11 SHOWING THE FLUCTUATION OF RCOM

CHART-11 SHOWING THE FLUCTUATION OF HUL

72
CHART-12 SHOWING THE FLUCTUATION OF DABUR

CHART-13 SHOWING THE FLUCTUATION OF ITC

73
74
 CHAPTER IV

INTERPRETATION

FINANCIAL SERVICE SECTOR

Interpretation

75
 The above table shows that mean value of India info line, India bulls and Geojit is 690.711,
349.87and50.15 respectively, the median value is676.75, 336.75respectively and the standard deviation
value of 106.93, 55.87, 6.273 It is evident from the above analysis that in financial service, the SD value of
GEOJIT is lower when compared to other companies. So it is better to invest in that company rather to
invest in other selected companies in this sector.

OIL SECTOR

Interpretation

The above table shows that mean value of Oil And Natural Gas, Indian Oil Corporation, Bharath
Petroleum Corporation ltd is 880.34,389.35,308.51 respectively, the median value is 832.85,378.75,300.95
respectively and the standard deviation value of 40.024,27.24,40.235. It is evident from the above analysis
that in oil sector, the SD value of IOC is lower when compared to other companies. So it is better to invest
in that company rather to invest in other selected companies in this sector

TELECOMMUNICATION SECTOR

Interpretation

The above table shows that mean value of Bhartiairtel, Reliance Communication,Idea is
818.65,544.13,106.116 respectively, the median value is 820.05,546.6,107.45 respectively and the standard
deviation value is 38.88,35.19,4.07It is evident from the above analysis that in Telecom sector, the SD value
of IDEA is lower when compared to other companies. So it is better to invest in that company rather to
invest in other selected companies in this sector.

BANKING SECTOR

Interpretation

The above table shows that mean value of South bank,Axis bank,ICICI bank
is493.94,83.103,283.35, the median value is 495.15,86.25,281.75respectively and the
76
standard deviation value is 21.98,10.01,12.99 It is evident from the above analysis that in
Banking sector, the SD value of Axis bank is lower when compared to other companies. So
it is better to invest in that company rather to invest in other selected companies in this
sector.

77
 CHAPTER IV

FINDINGS

FINDINGS

The share market prices are not volatile. It is a blind activity

The investor has to fear to invest the money in share market.

78
The share market price changes are mainly based on the world market or the environment.

In some investors dont know all the activity but they invest the money in share market and
to get loss.

The share market prices are easily fluctuate. So they can not measure easily.

The investor did not analyze this type of research this research more helps to the investors
and to reduce the risk in share market.

SUGGESTIONS
Stock price fluctuations are a daily occurrence on the worlds stock markets as
investors react to economic, business and political events. Markets have been showing
extremely erratic movements, which are in no way tandem with the information that is fed to
the markets. Market watchers see high volatility as a sign of investor nervousness which, in
the counter-intuitive world of markets, is of course bullish.

79
 It is suggested that the investors can invest in the shares were Standard Deviation
is less which is less risky.

It is suggested that the investors should not invest in the shares were Standard
Deviation is more which is more risky.

The investors should know all the activity before investing the share market

The share brokers also give guidance to the investors. And explains the reasons
for fluctuations.

80
CONCLUSION
Share market activities are very useful to our country. Each and Every people should
invest their money in share market to get more profit or return huge amount of investments
are needed for Indian companies. Funds are raised mostly through the issue of share. An
investor is satisfied from the reasonable return from investment in shares.

An investor can succeed in his investment only when he is able to select the right
shares. The investors should keenly watch the situations like market price, economy,
company progress, returns, and the risk involved in a share before taking decision and get
return.

81
 BIBLIOGRAPHY

REFERENCES

WEBSITES

WWW.KARVY.COM

WWW.NSEINDIA.COM

WWW.MONEYCONTROL.COM

WWW.BSEINDIA.COM

82