SUMMER INTERNSHIP PROJECT REPORT

ON

Analysis of Indian Stock Market

For
Samuha Creations Ltd.
By
Pooja Chander Singh
Roll No. ESCI/PGDM-GEN/18/08-203

Under The Guidance of

Mr. Rahul Chandra

In partial fulfillment of

POST GRADUATE DIPLOMA IN MANAGEMENT

ENGINEERING STAFF COLLEGE OF INDIA

HYDERABAD
(2018 – 2020)
 DECLARATION

I hereby declare that project entitled “Analysis of Indian Stock Market” is

bonafide work duly completed by me. It does not contain any part of the project
or thesis submitted by any other candidate to this or any other institute of the
university.

All such materials that have been obtained from other sources have been duly
acknowledged.

Pooja Chander Singh

Roll No. ESCI/PGDM-GEN/18/08-203

 CERTIFICATE

This is to certify that the Project Report titled “Analysis of Indian Stock
Market” submitted by Pooja Chander Singh in partial fulfilment of Post
Graduate Diploma in Management at Engineering Staff College of India,
Hyderabad is a record of bonafide work carried out by her under my guidance
and supervision.

Mr. Rahul Chandra

Company Certificate Format (To be given on company letter head):

To whom so ever it may concern:

This is to certify that Pooja Chander Singh student of Engineering Staff College
of India has successfully completed project on the topic ‘Analysis of Indian
Stock Market’ from 15th May, 2019 to 15th July, 2019 in our organization under
the guidance of Mr. Rahul Chandra.

During this period her work has been found Excellent/Good/ Satisfactory.

We wish her the very best in her future endeavor

Authorized Signatory
 ACKNOWLEDGEMENT
The success of this Summer Internship Project Report depends largely on the encouragement
and guidance of many others. I take this opportunity to express my gratitude to the people who
have been instrumental in the successful completion of my project.

I wish to extend my sincere gratitude to my company guide Mr. Rahul Chandra & my Faculty
Mentor Ms. Rajini Prasad for their valuable insights, constant support and guidance throughout
the completion of my project.

I also take this opportunity to thank Prof. Prabhakar Reddy (Academic Director of Engineering
staff college of India, Hyderabad) for providing us with this summer internship opportunity.

The guidance and support received from all the members who contributed to this study was
vital for the completion of this study. Without all their encouragement and guidance this project
would not have been materialized.

Pooja Chander Singh

Roll No: ESCI/PGDM-GEN/18/08-203

 INDEX

Abstract

Chapter I: Introduction

a. Concept Exploration
b. Need and Importance of the study
c. Objectives of the study
d. Methodology of the study
e. Techniques of Analysis
f. Period of the study
g. Scope and Limitations of the study

Chapter II: Review of Literature

Chapter III: Profile of Industry and Company

Chapter IV: Data Analysis and Interpretation

Chapter V: Findings, Conclusions and Suggestions

Appendix/Annexure

Bibliography
 ABSTRACT

Trading in the Indian stock market takes place on its two exchanges namely BSE (Bombay
Stock Exchange), which came into existence in 1875 & NSE (National Stock Exchange) which
was founded in 1992 and started their trading operations from 1994. The entire mechanism of
trading in both the exchanges is order driven, i.e. there are no markets specialists for the trading
process, which means the market orders placed by the investors are automatically matched with
the best limit orders. The advantage of this is it brings more transparency, by displaying the
buy and sell orders in the trading system. The two prominent indexes in the Indian market are
Sensex and NIFTY50. Sensex is the oldest market index and includes the shares of 30
companies listed on the BSE and NIFTY50 includes the shares of 50 companies listed on the
NSE.

Analysis of the stock markets aids the investors in decision making as to which stocks to trade
on and when to buy and sell the shares. It helps them in understanding the market dynamics,
the players in the market and the market trends. The stock market analysis can be done in the
following ways:

a) Technical analysis:
Technical analysis facilitates faster investing decisions, as it is the study of the historic
market data and past performance to predict the future performance in the stock market.
b) Fundamental analysis:
Fundamental analysis is a long term investing decision. It depends on the intrinsic value
which is not looked at in the technical analysis. In fundamental analysis the balance
sheet of the company, the profit and loss account and the cash flow statements of the
company is analyzed to predict the future performance of the company in the stock
market.

For this study the stocks of four sectors are analyzed, which are Banking Sector, FMCG Sector,
and Automobile Sector & IT Sector and under each sector three companies are chosen for the
purpose of analysis. The tools used to analyze are Technical and Fundamental analysis. The
main aim of stock analysis is to aid the investor in making financially sound decisions and
anticipate their future price movements to make better decisions on whether to buy, sell or hold
the stocks.
 CHAPTER I

INTRODUCTION

CONCEPT EXPLORATION:

This project report is a study on “Analysis of Indian stock market”. This would involve
analyzing the performance of stocks of the banking sector and predicting the future of their
stocks. For the purpose of this study methods to be used for analysis are: Technical analysis
and Fundamental analysis. Analysis of stocks provides better insights to the investors on which
stocks to buy or sell and which stocks to hold on too. It leads to better financially sound
investing decisions.

Overview of Indian Stock Market:

Trading in the Indian stock market takes place on two exchanges, which are Bombay Stock
Exchange (BSE) & National Stock Exchange (NSE). The two most prominent indexes in the
Indian stock market are Sensex and NIFTY50.

Bombay Stock Exchange (BSE):

BSE came into existence in the year 1875; it is India’s first and largest securities market.
Securities that are listed on BSE include: Stock, Stock futures, Stock options, Index futures,
Index options and Weekly options. 30 stocks of BSE covering 12 sectors are listed on Sensex
Index.

National Stock Exchange (NSE):

NSE was founded in 1992 and began its trading operations from 1994. It is India’s largest
financial market and first to provide a fully automatic electronic trading platform. It transacts
in wholesale debt, Equity and Derivatives market. 50 stocks of NSE covering 12 sectors are
listed on NIFTY50 Index.

NEED AND IMPORTANCE OF THE STUDY:

In order to make sound investment decisions, it is important for the investors to study the stock
market; stock market can be analysed using Technical and Fundamental Analysis tools.

OBJECTIVES OF THE STUDY

 To study technical and fundamental analysis of stocks

 To gain knowledge of the Indian stock market
 To be able to predict future price movement of the stock
 To gain knowledge about the mathematical tools used for technical analysis
 To make sound investing decisions
METHODOLOGY OF THE STUDY

The data for a study are collected via primary and secondary sources of data. Primary data
refers to the first-hand information available to us based on observations. Secondary sources
of data refer to the already existing data which is readily available for further study.

For the purpose of this project the data is collected via secondary sources. The closing prices
of the stocks are collected for the purpose of this study.

SAMPLE SIZE

The sectors chosen and the companies chosen under each sector for the purpose of analysis are
as follows:

Banking sector: Automobile Sector:

a) Axis Bank a) Bajaj Auto

b) HDFC Bank b) Maruti Suzuki
c) YES Bank c) Tata Motors
FMCG Sector: IT Sector:

a) Britannia a) Infosys
b) HUL b) TCS
c) P & G c) Wipro
TECHNIQUES OF ANALYSIS

For this study the tools used to analyze data are Technical and Fundamental Analysis.
Technical Analysis:

Technical analysis is used to evaluate investments and identify trading opportunities by

analyzing statistical trends gathered from price movements and volumes traded. It is based on
the study of historical price movements to predict the future prices movements of the stock.
Technical analysts study the trends, the price movements, buy and sell signals and other charts
to evaluate a security’s strength or weakness

The Technical analysis tools used are as follows:

a. Simple Moving Average (SMA):

For this study a 7-day simple moving average is calculated. A simple moving average
is calculated by adding the recent closing prices of the stock and dividing it by the
number of periods. For a 7-day moving average the recent closing prices for 7
consecutive days of the security will be added and then divided by the total number of
periods i.e. 7. Short term averages respond quickly to price changes whereas long term
averages are slow to respond to price changes.
Formula for SMA:
SMA = S1+S2+....Sn/n
Where s1, s2, sn are the prices of the securities and n denotes the total no. of periods
Simple moving averages are an important analytical tool used to identify current price
trends and potential to change an already established trend. It tells us about the uptrend
or downtrend in the prices of the securities.

b. Relative Strength Index (RSI):

For this study a 7-day RSI is calculated. The RSI indicator was originally developed
by J. Welles Wilder Jr. Relative Strength Index is a momentum oscillator which
fluctuates from 0 to 100. It tells about the overbought and oversold conditions. A
traditional interpretation is that any reading above 70 or 70 is the overbought region,
which means the stock is overvalued and any reading below 30 or 30 is the oversold
region, which means the stock is undervalued.
Formula for RSI:
RSI= 100 – (100/ (1+RS))
RS= average gain/average loss
 c. Rate of Change (ROC):
For this study Rate of Change is calculated for a 7-day period. The rate of change
indicator is a momentum oscillator that measures the percentage change in the price of
securities from one period to another in a given period of time. The ROC compares the
current price with the price ‘n’ periods ago. The plot forms an oscillator that fluctuates
above and below the zero line as the ROC moves from positive to negative.

Formula for ROC:

ROC = [(Current price /Price ‘n’ periods ago) – 1]*100
Fundamental Analysis:

Fundamental analysis is a method to evaluate securities by measuring the intrinsic value of the
stock. Fundamental analysts do an overall analysis which includes the economic analysis,
Industry analysis and company analysis. Fundamental analysis is used for long-term decision
making, where fundamental analysts study the company’s financial statements, the industry the
company is operating in and the economic conditions to make investment decisions.

Fundamental Analysis Indicators are as follows:

a. EPS (Earnings Per Share)

EPS is calculates as the company’s Net profit divided by the No. of outstanding shares
of a company. The higher the EPS of the company the more profitable it is considered.
EPS is an indicator of how much money a company makes per share.
A higher EPS indicates that the investors are willing to pay a higher value to avail the
shares of the company.
b. P/E ( Price to Earnings Ratio)
The price to earnings ratio is a valuation ratio for the company, which measures the
price of the share relative to the earnings per share.
The formula for P/E Ratio is as follows:
P/E = Market price per share/ Earnings per share
The higher the P/E ratio of the company, the investors expect a higher growth prospect
in the future. P/E ratio may be used to compare the company’s own historical records,
or it may be used to compare the aggregate of the market against one another over a
period of time.
c. P/B (Price to Book Value Ratio)
 The P/B Ratio measures the market’s valuation of the company relative to its book
value. P/B Ratio is used by value investors to identify potential investments. Price to
Book value is the market value per share divided by the book value per share.
P/B Ratio Formula:
P/B = Market price per share/ Book value per share
A lower P/B Ratio could indicate that the stock is undervalued and a higher P/B Ratio
could indicate that the stock is overvalued.
d. Dividend Yield
The dividend yield is the ratio of the company’s annual dividend compared to its share
price. The dividend yield is expressed as a percentage and is calculated as follows:
Dividend Yield Formula:
Dividend Yield = Annual Dividend/Share Price
The dividend yield is an estimate of the dividend-only return of a stock investment.
Assuming the dividend is not raised or lowered, the yield will rise when the price of the
stock falls, and it will fall when the price of the stock rises. Because the dividend yield
changes with the stock's price, it often looks unusually high for stocks that are falling
quickly.
e. Dividend Payout Ratio
The dividend payout ratio provides an indication of how much money it is given as
dividends to the shareholders and how much is retained in the business to pay off their
debts or for reinvestment in their core operations.
Formula for Dividend Payout Ratio:
Dividend Payout Ratio = Dividend Paid/ Net Income
f. Return On Equity
Return on Equity is a measure of a company’s financial performance calculated by
dividing the Net Income by Shareholder’s Equity. ROE is considered as a measure of
how effectively management is using company’s assets to create profits.
g. Intrinsic Value:
Intrinsic value is the perceived or calculated value of an asset, an investment, or a
company. It is used in fundamental analysis to estimate the value of a company and its
cash flows.
An analyst or investor will estimate the value of the stock by calculating the intrinsic
value of the stock using Fundamental or technical analysis. The intrinsic value of stock
calculated is compared to the market value of the stock to determine whether the stock
 is overvalued or undervalued. The intrinsic value uses assumptions, and the result is
somewhat subjective.
Intrinsic Value Formula:
Intrinsic Value = EPS*(8.5+2g)
Where ‘g’ denotes the growth rate

PERIOD OF THE STUDY

The duration of the study is 2 months starting from 15th May, 2019 to 15th July, 2019.

SCOPE AND LIMITATIONS OF THE STUDY

Scope

For the purpose of this study the tools used are Technical and fundamental analysis. In technical
analysis only three tools taken into consideration namely, Simple Moving Average, Rate of
Change and Relative Strength Index. For fundamental Analysis EPS, P.E ratio, P/B ratio,
Dividend yield, Dividend payout ratio, ROE and Intrinsic value taken into consideration. This
study is limited to only four sectors and under each sector only three companies chosen for the
purpose of analysis.

Limitations

 Limited time for the study.

 For technical analysis taken into consideration closing price for only 4 months
(03.01.2019-14.06.2019)
 Relied only on secondary sources of data
 The sample size is limited to four sectors and under each sector only three companies
chosen for analysis.
 Only three technical analysis tools used (Relative Strength Index, Rate Of Change &
Simple Moving Average)
 In fundamental analysis only EPS, P/B Ratio, P/E Ratio, Dividend Yield, Dividend
payout ratio, ROE and Intrinsic Value taken into consideration for analysis
 CHAPTER II
REVIEW OF LITERATURE
This chapter deals with the previous studies reviewed for the purpose of this project,
the studies reviewed are listed below:

 “A Study on the Technical Analysis of NSE Towards it Stocks with Reference to Indian
Stock Market’ – By, Valarmathi A, Kowsalya P. The article is about the technical
analysis as to how it plays an important role in secondary market, analysis of stocks
and its usefulness towards trading.

 “A Study on Fundamental Analysis of Selected IT Companies listed at NSE” – By K.S

Shilpa, J. Arya Mol. This paper aims to study on Fundamental analysis of selected IT
companies listed at NSE. Fundamental analysis is studied in three parts. Economic
analysis deals with fundamental factors like GDP, IIP, fiscal deficit, inflation, current
account deficit etc. Industry analysis Indian IT sector is analyzed based on entry
barriers, type of industry, government interference, Porter’s five force model. Finally,
Company analysis deals with various ratios such as dividend payout ratio, EPS, P/E
ratio, Debt-Equity ratio are used. It also focuses on the calculation of intrinsic value of
shares and compared with Market value. If intrinsic value is greater than market value
the share is said to be undervalued whereas if market value is greater than intrinsic
value, the share is overvalued.
 CHAPTER III
PROFILE OF INDUSTRY AND COMPANY

COMPANY PROFILE

SAMUHA CREATIONS LTD.

About Samuha Creations:

Samuha Creations Ltd, a Public Limited Company, founded by high Visionary Graduates in
the year 2018. Samuha Creations Ltd has a staff of 60 members with an average age of 26 years
with a wide range of functional Expertise. Samuha Creations Ltd staff is trained to keep pace
with Industry trends, emerging technologies while focusing on current and future customer
requirements. Their Specialties include technology solutions with Core competency in mobile
application development and Digital Marketing.

Samuha Creations maintains a solid reputation for the expertise of its consulting in drywall
technology. Samuha Creations team has implemented a strategy of developing technological
solutions diversifying into commercial and residential properties while purposefully
maintaining a conservative capital structure. Their Executive team provides the company with
a wealth of industry knowledge and years of industrial experience

Samuha Creations Limited is a real estate company and also a customized technological
solutions company that established in 2018. They are based out of Hyderabad and deal in
properties across the city and deal in a wide range of features which includes apartments,
condominiums, retail, and commercial office spaces. They are one of a kind company that
offers various real estate and technological services across a wide-ranging of verticals. They
provide an innovative approach to streamline the real estate industry. Their software solutions
are tailored to benefit each business or client. Above all, Samuha Creations is a pocket-friendly,
one-stop destination for all your digital and software solutions. They are focused on providing
you the best of services for your growth in the market.

Samuha Creations is a result of the liberal vision of the Founder, Mr. Prashanth Arun Sai
Nomula and the Managing Director, Mr. Koteswara Rao. This energetic duo has deep roots,
and a strong knowledge backing in commercial leasing, property management, accounting
solutions and finance and also they have acquired exceptional industrial expertise through their
ownership of several related service companies. They are the driving force behind a high-
spirited, capable team of young minds working towards attaining perfection in every
endeavour. They have years of experience in commercial property acquirement, including
development, leasing, construction, structured finance, and asset and property management.
They excel in real estate broking and creating a strong bridge between developers, owners,
builders, and customers. They strive to take the company towards greater success using their
leasing and asset management skills. This experience enriches their ability to access
opportunities to develop possessions to their best and highest use, Evaluate risk, and Produce
value. By looking at opportunities through the lens of the end-user tenant or resident, they can
create unique properties that stand exclusively in the market.

Samuha Creations is also a leading software solutions company that works diligently to deliver
tailor-made technological solutions to amplify your business and take your brand to the next
level. In an age of digital branding, they offer limitless possibilities and potential opportunities
for your brand to climb high and rise in the market. They are proficient in building and
improving software requirements for your business growth. Their innovative approach
guarantees value addition to your business or brand.

Their software services comprise of a bouquet of services, which includes responsive web
designing, web application development, e-commerce portals, e-commerce solutions, digital
marketing expertise, mobile applications development for iOS, Android and Windows; domain
registration, graphic designing, designing collaterals such as brochures, logo, business cards
etc; and also stand-alone applications and website maintenance services. All our services are
custom made to suit each business.
Their team of professional developers, technicians, and related industry experts work intently
to provide the best outcome for your brand. Samuha Creations has also taken the Real Estate
market to new growth by developing software solutions targeted towards the growth of the real
estate companies, and it is a novel venture, making real-estate more techno-friendly. These
services include market automation for target real estate clients and customized CRM software
for real estate companies. Such innovative solutions have helped in taking real estate
companies to a greater height and establishing a strong market hold.

VISION

To be leading website developer, mobile app developer, real estate owner and investor in terms
of asset management that ensures the effective performance and quality results while providing
customer satisfaction to work along and across the country to continue on our quest for
excellence.

MISSION

Our mission is to give our best in "real estate sector" and focus on the client requirements to
give them the best output in building a “website,” “mobile application” which can develop and
grow our clients, partners and the extended family in their respective field to achieve their
business goals.

SERVICES OFFERED

 Custom Software Development

 Web Design Services

a. Website Development

b. Website Design

c. Website Redesign

d. Website Maintenance

e. Web Hosting Services

 Mobile App Development

 Application Integration

 Application Security
  QA & Testing

 Digital Marketing Services

a. SEO

b. SMM

c. Email Marketing

d. PPC

e. Video Advertising

 Graphic Design Services

a. Logo Design

b. Brochure Design

c. Stationery Design

d. Banner Designing

e. UI & UX Deign

f. ID Card Design

 Content Development Services

WHAT MAKES SAMUHA CREATIONS DIFFERENT FROM OTHERS?

 Experience: They offer a blend of imagination and experience that you won't find
anywhere. Combining their expertise in end-to-end operations, they think with creative
design, plans, dream in digital, and problem solving with data analytics. Their work has
a successful track record where they discover ideas and connect the dots to build a better
and new future.
 Ideas: Fresh ideas take simplicity, Focus, and clarity of vision which gives them a sense of
direction and destination. It captures their aspiration of being the best in everything they do, so
is the basis for what they all stand as one company. Their mission and vision guide the choices
and decisions which their employees make in everyday life. They are here to help you make
more successful than you ever thought possible.
  Passion: They love what they do. And they strive to surpass their own expectations of
what they can do with selling ideas and novel executions, they are creative no matter
how difficult the situation is.
 Focus on Superior Customer Service: Their aim is to create the best experience for
their customers where they initially propose through final delivery of product or service.
They ensure that their customers are treated as if they are the only one they have.
 Problem Solving: They find out the problem of their clients and are the best in solving
them. They make sure about the solutions they found so that they can solve it in less
time with the best results.
 Create Offers: They create best service packages and add good value that it's hard to
say no to clients. They make great features or services which competitors cannot
duplicate. They maintain customer relationships which differentiates their company
from the competitors.
SERVICE PORTFOLIO:

• Website Development (Static & Dynamic):

They are best in software Web Development; their expertise will create some
innovative, effective, simple, best and easy to use software or web site and mobile apps.
Their services will definitely ensure that you have the most helpful effective and
customers focused and also user-friendly software. They help the customers to achieve
great success in your business.

• ERP & CRM:

Samuha creations Ltd. offers CRM (Customer Relationship Management) and ERP
(Enterprise Resource Planning) software solutions which can be helpful in increasing
profitability. Enterprise resource planning and customer relationship management can
be integrated easily with others and also can overlap in some areas because of their core
functionalities. In CRM, the software will manage, collects the link information about
the customers and it helps in creating marketing ads and it also helps in viewing a
customer’s entire history of reaction with business.

In enterprise resource planning, the software is used to manage the business and it
merges all the aspects of the operation which includes development, human resources,
planning, financials, sales and marketing.
• Mobile App Development:

At Samuha Creations, they develop interesting, innovative and easily accessible mobile
applications. Their experts develop both Native and Hybrid applications to suit client’s
requirements. They provide their expertise in developing Android, Windows and IOS
applications of any complexity and size. The applications developed with the latest
technology and using bleeding edge software. The applications they develop stand out
and make a name for itself in the market. Their apps are designed to provide the best
experience to the user.

• Digital Marketing:

Digital Marketing is a medium through implementing digital strategies to improve

business by reaching the maximum number of customers through electronic
communications and the Internet to increase the customer base by earning the
maximum number of revenues.

• Marketing Collaterals:

Marketing collateral is a combination of media, content, and information that is

collected to help marketing and sales activities.

There are a few general types of marketing collateral:

 Product Data Sheet

 Product White Papers
 Demonstration Scripts
 Web Content
 Sales Script
 Sales Presentation
 Brochures
• Business Consulting

A small business consultant serves with clients on strategy, planning, and problem-
solving, and assists consumers to improve business abilities and learning. These topics
range from composing a business type or marketing strategy to concluding which
marketing methods to practice and how to do them.

• Financial Consulting:
 A financial adviser is a specialist who recommends and provides financial assistance to
customers based on their economic situation. For this, financial advisers must achieve
a particular education and have a permit to provide guidance.

• Content Writing:

Content writers are professional writers who provide attractive content for use online.
They're Internet savvy individuals who create articles, blog posts, and other forms of
written Web material.

INDUSTRY PROFILE

Banking Sector:
As per the Reserve Bank of India (RBI), India’s banking sector is sufficiently capitalised and
well- regulated. The financial and economic conditions in the country are far superior to any
other country in the world. Credit, market and liquidity risk studies suggest that Indian banks
are generally resilient and have withstood the global downturn well.
Indian banking industry has recently witnessed the roll out of innovative banking models like
payments and small finance banks. RBI’s new measures may go a long way in helping the
restructuring of the domestic banking industry.
The digital payments system in India has evolved the most among 25 countries with India’s
Immediate Payment Service (IMPS) being the only system at level 5 in the Faster Payments
Innovation Index (FPII).

a. Axis Bank
Axis Bank is the third largest private sector bank in India. The Bank offers the entire spectrum
of financial services to customer segments covering Large and Mid-Corporates, MSME,
Agriculture and Retail Businesses. The Bank has a large footprint of 4,050 domestic branches
(including extension counters) with 11,801 ATMs & 4,917 cash recyclers spread across the
country as on 31st March, 2019. The overseas operations of the Bank are spread over nine
international offices with branches at Singapore, Hong Kong, Dubai (at the DIFC), Colombo
and Shanghai; representative offices at Dhaka, Dubai, Abu Dhabi and an overseas subsidiary
at London, UK. The international offices focus on corporate lending, trade finance, syndication,
investment banking and liability businesses.With a balance sheet size of Rs. 8,00,997 crores as
on 31st March 2019, Axis Bank has achieved consistent growth and with a 5 year CAGR (2013-
14 to 2018-19) of 16% in Total Assets, 14% in Total Deposits, 17% in Total Advances
 b. HDFC Bank
The Housing Development Finance Corporation Limited (HDFC) was amongst the first to
receive an 'in principle' approval from the Reserve Bank of India (RBI) to set up a bank in the
private sector, as part of RBI's liberalisation of the Indian Banking Industry in 1994. The bank
was incorporated in August 1994 in the name of 'HDFC Bank Limited', with its registered
office in Mumbai, India. HDFC Bank commenced operations as a Scheduled Commercial Bank
in January 1995.

c. YES Bank
YES BANK, India’s fourth largest private sector Bank, is an outcome of the professional
entrepreneurship of its Founder Rana Kapoor and his highly competent top management team,
to establish a high quality, customer centric, service driven, bank catering to the “Sunrise Sector
of India”. YES BANK is the only Greenfield Bank license awarded by the RBI in the last two
decades, associated with the finest pedigree investors. YES BANK, a "Full Service
Commercial Bank”, has steadily built a Corporate, Retail & SME Banking franchise, with a
comprehensive product suite of Financial Markets, Investment Banking, Corporate Finance,
Branch Banking, Business and Transaction Banking, and Wealth Management business lines
across the country.

FMCG Sector
Fast-moving consumer goods (FMCG) sector is the 4th largest sector in the Indian economy
with Household and Personal Care accounting for 50 per cent of FMCG sales in India. Growing
awareness, easier access and changing lifestyles have been the key growth drivers for the
sector. The urban segment (accounts for a revenue share of around 55 per cent) is the largest
contributor to the overall revenue generated by the FMCG sector in India However, in the last
few years, the FMCG market has grown at a faster pace in rural India compared with urban
India. Semi-urban and rural segments are growing at a rapid pace and FMCG products account
for 50 per cent of total rural spending.

a. Britannia
Britannia Industries Limited (BIL) is one of India's leading food companies. Britannia's product
portfolio includes Biscuits, Bread, Cakes, Rusk, and Dairy products including Cheese,
Beverages, Milk and Yoghurt. Its brand portfolio includes Tiger, Marie Gold, Good Day,
50:50, Treat, NutriChoice and Milk Bikis. BIL has a presence in more than 60 countries across
the globe. BIL's international footprint includes presence Middle East through local
manufacturing in UAE and Oman. The company is also the market leader in Nepal.
The Company was born in 21st March of the year 1918 as a public limited company. The
Company's plants are situated in Kolkata, Delhi, Chennai, Mumbai and Uttarakhand. In 1921,
it became the first company east of the Suez Canal to use imported gas ovens. Britannia's
business was flourishing. But, more importantly, Britannia was acquiring a reputation for
quality and value. As a result, during the tragic World War II, the Government reposed its trust
in Britannia by contracting it to supply large quantities of 'service biscuits' to the armed forces.

b. Hindustan Unilever (HUL)

Hindustan Unilever Ltd (HUL) is India's largest fast-moving consumer goods company. HUL
operates in seven business segments. Soaps and detergents include soaps, detergent bars,
detergent powders and scourers. Personal products include products in the categories of oral
care, skin care (excluding soaps), hair care, talcum powder and colour cosmetics. Beverages
include tea and coffee. Foods include staples (atta, salt and bread) and culinary products
(tomato-based products, fruit-based products and soups). Ice creams include ice creams and
frozen desserts. Others include chemicals and water business.
HUL's product portfolio includes leading household brands such as Lux, Lifebuoy, Surf Excel,
Rin, Wheel, Fair & Lovely, Pond's, Vaseline, Lakme, Dove, Clinic Plus, Sunsilk, Pepsodent,
Closeup, Axe, Brooke Bond, Bru, Knorr, Kissan, Kwality Wall's and Pureit. HUL is a
subsidiary of Unilever, one of the world's leading suppliers of Food, Home Care, Personal Care
and Refreshment products with sales in over 190 countries and an annual sales turnover of
$52.7 billion in 2016. Hindustan Unilever Ltd was incorporated in the year 1933 as Lever
Brothers India Ltd. In 1956, Hindustan Vanaspati Mfg. Co. Ltd. and United Traders Ltd merged
with the company and the name was changed from Lever Brothers Ltd to Hindustan Lever Ltd.

c. Procter & Gamble (P&G)

P&G is one of the largest and one of the fastest growing FMCG companies in India. Established
in 1964, P&G India now serves over 650 million consumers across India. Its presence pans
across the Beauty & Grooming segment, the Household Care segment as well as the Health &
Well Being segment, with trusted brands that are household names across India. These include
Vicks, Ariel, Tide, Whisper, Olay, Gillette, Ambipur, Pampers, Pantene, Oral-B, Head &
Shoulders, Wella and Duracell. Superior product propositions and technological innovations
have enabled P&G to achieve market leadership in a majority of categories it is present in.
P&G India is committed to sustainable growth in India, and is currently invested in the country
via its five plants and over nine contract manufacturing sites, as well as through the 26,000 jobs
it creates directly and indirectly. Our sustainability efforts focus on Environmental Protection
as well as Social Responsibility to help develop the communities we operate in, P&G operates
under three entities in India - two listed entities “Procter & Gamble Hygiene and Health Care
Limited” and ‘Gillette India Limited’, as well as one 100% subsidiary of the parent company
in the U.S. called ‘Procter & Gamble Home Products’.

Automobile Sector
The Indian auto industry became the 4th largest in the world with sales increasing 9.5 per cent
year-on-year to 4.02 million units (excluding two wheelers) in 2017. It was the 7th largest
manufacturer of commercial vehicles in 2017.
The Two Wheelers segment dominates the market in terms of volume owing to a growing
middle class and a young population. Moreover, the growing interest of the companies in
exploring the rural markets further aided the growth of the sector.
India is also a prominent auto exporter and has strong export growth expectations for the near
future. Automobile exports grew 15.54 per cent during April 2018-February 2019. It is
expected to grow at a CAGR of 3.05 per cent during 2016-2026. In addition, several initiatives
by the Government of India and the major automobile players in the Indian market are expected
to make India a leader in the two-wheeler and four wheeler market in the world by 2020.

a. Bajaj Auto
Bajaj Auto Ltd (BAL) is one of the leading two & three wheeler manufacturers in India. The
company is well known for its R&D product development process engineering and low-cost
manufacturing skills. The company is the largest exporter of two and three-wheelers in the
country. The company has two subsidiaries namely Bajaj Auto International Holdings BV and
PT Bajaj Indonesia.

b. Maruti Suzuki
Maruti Suzuki India Limited, formerly known as Maruti Udyog Limited, is an automobile
manufacturer in India. It is a 56.21% owned subsidiary of the Japanese car and motorcycle
manufacturer Suzuki Motor Corporation. As of July 2018, it had a market share of 53% of the
Indian passenger car market.
 c. Tata Motors
Tata Motors Group (Tata Motors) is a $45 billion organisation. It is a leading global automobile
manufacturing company. Its diverse portfolio includes an extensive range of cars, sports utility
vehicles, trucks, buses and defence vehicles. Tata Motors is India’s largest and the only original
equipment manufacturer (OEM) offering extensive range of integrated, smart and e-mobility
solutions.

IT Sector
The Information Technology & Information Technology Enabled Services (IT-ITeS) sector is
a field which is undergoing rapid evolution and is changing the shape of Indian business
standards. This sector includes software development, consultancies, software management,
online services and business process outsourcing (BPO).

a. Infosys
Infosys Limited is an Indian multinational corporation that provides business
consulting, information technology and outsourcing services. It has its headquarters
in Bangalore, Karnataka, India. Infosys is a global leader in next-generation digital services
and consulting. We enable clients in 45 countries to navigate their digital transformation. With
over three decades of experience in managing the systems and workings of global enterprises,
we expertly steer our clients through their digital journey. We do it by enabling the enterprise
with an AI-powered core that helps prioritize the execution of change. We also empower the
business with agile digital at scale to deliver unprecedented levels of performance and customer
delight. Our always-on learning agenda drives their continuous improvement through building
and transferring digital skills, expertise, and ideas from our innovation ecosystem.

b. Tata Consultancy Service (TCS)

Tata Consultancy Services Limited (TCS) is an Indian multinational information
technology (IT) service and consulting company headquartered
in Mumbai, Maharashtra, India. It is a subsidiary of Tata Group and operates in 149 locations
across 45 countries. TCS is the largest Indian company by market capitalization. TCS is now
placed among the most valuable IT services brands worldwide In 2015, TCS is ranked 64th
overall in the Forbes World's Most Innovative Companies ranking, making it both the highest-
ranked IT services company and the top Indian company. It is the world's largest IT services
provider. As of 2017, it is ranked 10th on the Fortune India 500 list. In April 2018, TCS became
the first Indian IT company to breach $100 billion market capitalization, and second Indian
company ever (after Reliance Industries achieved it in 2007) after its m-cap stood at Rs
6,79,332.81 crore ($102.6 billion) in Bombay Stock Exchange. In 2016-2017, Parent
company Tata Sons owned 70% of TCS; and more than 70% of Tata Sons' dividends were
generated by TCS. In March 2018, Tata Sons decided to sell stocks of TCS worth $1.25 billion
in a bulk deal.

c. Wipro
Wipro Limited is an Indian multinational corporation that provides information technology,
consulting and business process services. It is headquartered in Bangalore, Karnataka, India.
Wipro Limited (Wipro), incorporated on December 29, 1945, is a global information
technology (IT), consulting and business process service provider. It operates through two
segments: IT Services and IT Products. The Company's IT Services business provides a range
of IT and IT-enabled services. IT Products segment provides a range of third-party IT products,
which allows it to offer IT system integration services.

CHAPTER IV

DATA ANALYSIS AND INTERPRETATION

I. TECHNICAL ANALYSIS
a) Simple Moving average Calculations (SMA):
Banking Sector:

Close Close HDFC YES Bank

Date Price Axis SMA Price SMA Close Price SMA
01-03-2019 703.10 2290.00 237.40
05-03-2019 732.10 2288.90 237.30
06-03-2019 719.50 2301.75 235.25
07-03-2019 732.20 2284.30 231.80
08-03-2019 732.35 2295.25 232.40
11-03-2019 734.15 2296.50 236.30
12-03-2019 742.25 2310.05 235.70
13-03-2019 738.45 727.95 2316.50 2295.25 244.35 235.16
14-03-2019 740.45 733.00 2300.55 2299.04 249.85 236.16
15-03-2019 735.70 734.19 2300.20 2300.70 245.05 237.95
18-03-2019 751.95 736.51 2310.20 2300.48 245.80 239.35
19-03-2019 761.00 739.33 2282.00 2304.18 249.00 241.35
20-03-2019 755.55 743.42 2274.85 2302.29 252.15 243.72
22-03-2019 757.35 746.48 2299.20 2299.19 252.50 245.99
25-03-2019 743.85 748.64 2267.70 2297.64 247.00 248.39
26-03-2019 757.20 749.41 2261.45 2290.67 253.70 248.76
27-03-2019 760.15 751.80 2251.50 2285.09 267.95 249.31
28-03-2019 780.20 755.29 2223.25 2278.13 275.20 252.59
29-03-2019 776.10 759.33 2226.10 2265.71 275.05 256.79
01-04-2019 765.10 761.49 2170.60 2257.72 275.70 260.51
02-04-2019 767.45 762.85 2130.05 2242.83 280.40 263.87
03-04-2019 761.40 764.29 2127.60 2218.66 273.75 267.86
04-04-2019 762.15 766.80 2122.65 2198.65 268.15 271.68
05-04-2019 761.95 767.51 2103.05 2178.82 267.10 273.74
08-04-2019 754.30 767.76 2107.50 2157.61 260.00 273.62
09-04-2019 763.55 764.06 2083.20 2141.08 270.60 271.45
10-04-2019 761.75 762.27 2082.15 2120.66 268.30 270.81
11-04-2019 752.05 761.79 2091.60 2108.03 268.90 269.76
12-04-2019 764.15 759.59 2110.25 2102.54 267.85 268.11
15-04-2019 763.20 759.99 2123.35 2100.06 265.35 267.27
16-04-2019 770.65 760.14 2091.65 2100.16 266.45 266.87
18-04-2019 771.20 761.38 2115.15 2098.53 255.30 266.78
22-04-2019 755.40 763.79 2106.55 2099.62 238.40 266.11
23-04-2019 753.10 762.63 2084.30 2102.96 232.85 261.51
24-04-2019 752.60 761.39 2089.95 2103.26 239.15 256.44
25-04-2019 740.85 761.47 2101.10 2103.03 237.70 252.19
26-04-2019 760.20 758.14 2109.75 2101.72 237.40 247.89
30-04-2019 766.90 757.71 2140.25 2099.78 168.00 243.89
02-05-2019 752.65 757.18 2129.70 2106.72 173.80 229.83
03-05-2019 757.40 754.53 2137.35 2108.80 175.60 218.19
06-05-2019 747.55 754.81 2123.15 2113.20 166.30 209.21
07-05-2019 742.55 754.02 2117.05 2118.75 164.55 199.71
08-05-2019 735.50 752.59 2123.00 2122.62 160.75 189.05
09-05-2019 730.00 751.82 2114.90 2125.75 170.30 178.06
10-05-2019 733.65 747.51 2107.00 2126.49 164.00 168.47
13-05-2019 732.35 742.76 2091.65 2121.74 154.85 167.90
14-05-2019 731.50 739.86 2081.15 2116.30 156.15 165.19
15-05-2019 721.25 736.16 2032.55 2108.27 143.65 162.41
16-05-2019 732.25 732.40 2058.10 2095.33 137.80 159.18
17-05-2019 748.15 730.93 2083.55 2086.91 134.55 155.36
20-05-2019 782.75 732.74 2093.95 2081.27 143.60 151.61
 21-05-2019 773.10 740.27 2101.90 2078.28 141.00 147.80
22-05-2019 779.30 745.91 2109.75 2077.55 137.70 144.51
23-05-2019 777.05 752.61 2134.35 2080.14 139.80 142.06
24-05-2019 793.65 759.12 2146.55 2087.74 141.30 139.73
27-05-2019 812.45 769.46 2131.20 2104.02 146.65 139.39
28-05-2019 808.75 780.92 2129.05 2114.46 152.60 140.66
29-05-2019 804.80 789.58 2120.00 2120.96 151.70 143.24
30-05-2019 808.10 792.73 2121.05 2124.69 154.55 144.39
31-05-2019 808.50 797.73 2100.85 2127.42 147.95 146.33
03-06-2019 812.30 801.90 2112.15 2126.15 149.35 147.79
04-06-2019 821.40 806.94 2109.55 2122.98 152.75 149.16
06-06-2019 808.85 810.90 2116.20 2117.69 143.35 150.79
07-06-2019 804.20 810.39 2102.85 2115.55 139.95 150.32
10-06-2019 814.20 809.74 2120.00 2111.81 135.90 148.51
11-06-2019 814.95 811.08 2117.75 2111.81 139.30 146.26
12-06-2019 812.35 812.06 2112.25 2111.34 134.65 144.08
13-06-2019 819.70 812.61 2125.95 2112.96 117.20 142.18
14-06-2019 800.15 813.66 2147.45 2114.94 115.35 137.59

840.00
820.00
800.00
780.00
760.00
740.00 Close Price

720.00 Axis SMA

700.00
680.00
660.00
640.00
01/03/2019 01/04/2019 01/05/2019 01/06/2019

Interpretation:

The above graph shows the 7-day simple moving average compared to the closing price of the
stocks. In the above graph the closing price line is above its simple moving average line, this
indicates that the price is in uptrend and the simple moving average acts as a support for the
stock to rise above it. It is a sell signal for the stocks of Axis Bank as the closing price is above
the simple moving average.
 2350.00
2300.00
2250.00
2200.00
2150.00
2100.00 Close Price

2050.00 HDFC SMA

2000.00
1950.00
1900.00
1850.00
01/03/2019 01/04/2019 01/05/2019 01/06/2019

Interpretation:

The above graph shows the 7-day simple moving average compared to the closing price of the
stocks. In the above graph the closing price line is below the simple moving average initially,
that is the price is in downtrend initially the SMA acts as resistance for the closing price and it
is a buy signal initially. Later the closing price line is above the simple moving average, price
is in uptrend, the SMA acts as a support for the closing price and generates a sell signal for
HDFC Bank shares.

300.00

250.00

200.00

150.00 Close Price

YES Bank SMA
100.00

50.00

0.00
01/03/2019 01/04/2019 01/05/2019 01/06/2019

Interpretation:

The above graph shows the 7-day simple moving average compared to the closing price of the
stocks. In the above graph the closing price line is below the simple moving average initially,
that is the price is in downtrend initially the SMA acts as resistance for the closing price and it
is a buy signal initially. Later the closing price line is above the simple moving average in the
months of April to May; price is in uptrend, the SMA acts as a support for the closing price
and generates a sell signal for YES Bank shares and in June it generates buy signal for YES
Bank shares as the closing price moves above the moving average line.

FMCG Sector:

Britannia HUL P&G

Date Close Price SMA Close Price SMA Close Price SMA
01-03-2019 3073.70 1734.95 10916.70
05-03-2019 3067.40 1724.20 10976.05
06-03-2019 3028.70 1700.40 10704.20
07-03-2019 3041.90 1703.35 10399.85
08-03-2019 3063.90 1701.00 10339.55
11-03-2019 3130.40 1714.25 10239.20
12-03-2019 3133.70 1734.10 10468.10
13-03-2019 3128.70 3077.10 1746.15 1716.04 10389.50 10577.66
14-03-2019 3149.90 3084.96 1737.35 1717.64 10287.00 10502.35
15-03-2019 3070.25 3096.74 1698.65 1719.51 10294.35 10403.91
18-03-2019 3123.25 3102.68 1697.45 1719.26 10297.85 10345.36
19-03-2019 3124.15 3114.30 1699.60 1718.42 10334.40 10330.79
20-03-2019 3092.10 3122.91 1689.20 1718.22 10304.00 10330.06
22-03-2019 3096.20 3117.44 1678.55 1714.64 10416.80 10339.31
25-03-2019 3093.30 3112.08 1673.00 1706.71 10395.70 10331.99
26-03-2019 3097.50 3107.02 1683.70 1696.26 10346.45 10332.87
27-03-2019 3096.90 3099.54 1680.05 1688.59 10648.90 10341.36
28-03-2019 3087.85 3103.34 1684.30 1685.94 10746.45 10392.01
29-03-2019 3081.95 3098.29 1707.80 1684.06 10745.90 10456.10
01-04-2019 3054.40 3092.26 1690.00 1685.23 10834.80 10514.89
02-04-2019 2993.55 3086.87 1686.50 1685.34 10748.55 10590.71
03-04-2019 2991.75 3072.21 1671.85 1686.48 10796.40 10638.11
04-04-2019 3044.35 3057.70 1668.00 1686.31 10684.90 10695.35
05-04-2019 2994.65 3050.11 1659.70 1684.07 10683.30 10743.70
08-04-2019 2972.90 3035.50 1665.05 1681.16 10726.35 10748.61
09-04-2019 2973.85 3019.08 1678.70 1678.41 10704.45 10745.74
10-04-2019 2958.60 3003.64 1691.75 1674.26 10729.55 10739.82
11-04-2019 2951.35 2989.95 1707.50 1674.51 10676.00 10724.79
12-04-2019 2985.70 2983.92 1720.85 1677.51 10664.80 10714.42
15-04-2019 2996.70 2983.06 1721.75 1684.51 10675.45 10695.62
16-04-2019 3022.45 2976.25 1738.40 1692.19 10695.55 10694.27
18-04-2019 2999.75 2980.22 1737.45 1703.43 10720.90 10696.02
22-04-2019 2997.50 2984.06 1739.75 1713.77 10591.60 10695.24
23-04-2019 2995.40 2987.44 1740.80 1722.49 10542.75 10679.12
24-04-2019 2976.25 2992.69 1752.75 1729.50 10497.05 10652.44
25-04-2019 2972.95 2996.25 1732.15 1735.96 10611.05 10626.87
26-04-2019 2967.40 2994.43 1743.75 1737.58 10284.40 10619.19
30-04-2019 2893.10 2990.24 1753.95 1740.72 10160.20 10563.33
02-05-2019 2785.50 2971.76 1728.05 1742.94 10253.25 10486.85
03-05-2019 2695.10 2941.16 1692.80 1741.60 10369.90 10420.04
06-05-2019 2664.85 2897.96 1672.35 1734.89 10340.65 10388.37
07-05-2019 2652.60 2850.74 1695.25 1725.11 10311.25 10359.50
08-05-2019 2652.85 2804.50 1684.85 1716.90 10416.45 10332.96
09-05-2019 2665.00 2758.77 1699.45 1710.14 10361.30 10305.16
10-05-2019 2688.60 2715.57 1687.10 1703.81 10353.90 10316.14
13-05-2019 2678.20 2686.36 1701.75 1694.26 10580.40 10343.81
14-05-2019 2692.90 2671.03 1694.40 1690.51 10546.35 10390.55
15-05-2019 2685.15 2670.71 1671.00 1690.74 10475.60 10415.76
16-05-2019 2715.35 2673.61 1686.15 1690.54 10558.60 10435.04
17-05-2019 2777.95 2682.58 1735.75 1689.24 10494.70 10470.37
20-05-2019 2805.40 2700.45 1772.55 1696.51 10799.15 10481.55
21-05-2019 2846.05 2720.51 1783.50 1706.96 10803.90 10544.10
22-05-2019 2851.25 2743.00 1766.15 1720.73 10766.75 10608.39
23-05-2019 2839.30 2767.72 1750.95 1729.93 10677.55 10635.01
24-05-2019 2851.75 2788.64 1749.20 1738.01 10939.75 10653.75
27-05-2019 2886.75 2812.44 1768.55 1749.18 10932.95 10720.06
28-05-2019 2891.25 2836.92 1773.50 1760.95 10941.65 10773.54
29-05-2019 2921.90 2853.11 1778.35 1766.34 10910.60 10837.39
30-05-2019 2887.75 2869.75 1784.00 1767.17 10974.55 10853.31
31-05-2019 2932.90 2875.71 1785.15 1767.24 10992.15 10877.69
03-06-2019 2971.25 2887.37 1837.00 1769.96 10994.10 10909.89
04-06-2019 2961.00 2906.22 1816.10 1782.25 10879.75 10955.11
06-06-2019 2903.70 2921.83 1837.70 1791.81 10707.30 10946.54
07-06-2019 2896.45 2924.25 1831.60 1801.69 10873.10 10914.30
10-06-2019 2992.95 2924.99 1849.25 1809.99 10941.30 10904.51
11-06-2019 2981.70 2935.14 1841.75 1820.11 10955.85 10908.89
12-06-2019 2993.30 2948.56 1844.70 1828.36 11046.50 10906.22
13-06-2019 2985.95 2957.19 1843.80 1836.87 11035.90 10913.99
14-06-2019 2959.65 2959.29 1824.95 1837.84 11006.80 10919.96
 3200.00

3100.00

3000.00

2900.00

2800.00 Close Price

Britannia SMA
2700.00

2600.00

2500.00

2400.00
01/03/2019 01/04/2019 01/05/2019 01/06/2019

Interpretation:

The above graph shows the 7-day simple moving average compared to the closing price of the
stocks. In the above graph the closing price line is below the simple moving average initially,
that is the price is in downtrend initially the SMA acts as resistance for the closing price and it
is a buy signal initially. Later the closing price line is above the simple moving average; price
is in uptrend, the SMA acts as a support for the closing price and generates a sell signal for
Britannia shares.

1900.00

1850.00

1800.00

1750.00
Close Price
1700.00 HUL SMA

1650.00

1600.00

1550.00
01/03/2019 01/04/2019 01/05/2019 01/06/2019

Interpretation:

The above graph shows the 7-day simple moving average compared to the closing price of the
stocks. In the above graph the closing price line is above the simple moving average; price is
in uptrend, the SMA acts as a support for the closing price and generates a sell signal for HUL
shares.

11200.00

11000.00

10800.00

10600.00

10400.00 Close Price

P&G SMA
10200.00

10000.00

9800.00

9600.00
01/03/2019 01/04/2019 01/05/2019 01/06/2019

Interpretation:

The above graph shows the 7-day simple moving average compared to the closing price of the
stocks. In the above graph the closing price line is above the simple moving average; price is
in uptrend, the SMA acts as a support for the closing price and generates a sell signal for P&G
shares.

Automobile Sector:

Maruti Tata
Close Bajaj Auto Close Suzuki Close motors
Date Price SMA Price SMA Price SMA
01-03-2019 2862.90 6933.20 180.10
05-03-2019 2906.60 7114.50 194.00
06-03-2019 2927.35 7058.95 188.55
07-03-2019 2909.95 7030.65 189.20
08-03-2019 2955.90 6972.85 181.65
11-03-2019 3004.40 7090.40 182.15
12-03-2019 2991.35 7153.95 184.75
13-03-2019 3008.40 2936.92 7086.05 7050.64 181.60 185.77
14-03-2019 3010.50 2957.71 7086.80 7072.48 179.70 185.99
15-03-2019 3022.30 2972.55 7092.05 7068.52 180.20 183.94
18-03-2019 3004.20 2986.11 6910.35 7073.25 182.30 182.75
19-03-2019 2980.25 2999.58 6832.55 7056.06 182.80 181.76
20-03-2019 2948.10 3003.06 6680.80 7036.02 179.85 181.93
22-03-2019 2949.40 2995.01 6558.00 6977.51 175.40 181.60
25-03-2019 2958.10 2989.02 6523.45 6892.37 171.35 180.26
26-03-2019 2951.30 2981.84 6578.80 6812.00 173.10 178.80
27-03-2019 2986.70 2973.38 6522.25 6739.43 169.90 177.86
28-03-2019 2941.15 2968.29 6585.70 6658.03 170.60 176.39
29-03-2019 2915.05 2959.29 6671.70 6611.65 174.30 174.71
01-04-2019 2917.50 2949.97 6842.85 6588.67 187.15 173.50
02-04-2019 2855.10 2945.60 6882.85 6611.82 202.80 174.54
03-04-2019 2848.90 2932.13 7074.10 6658.23 201.10 178.46
04-04-2019 2866.65 2916.53 7114.25 6736.89 206.10 182.71
05-04-2019 2860.80 2904.44 7106.70 6813.39 205.75 187.42
08-04-2019 2852.50 2886.45 7119.85 6896.88 200.65 192.54
09-04-2019 2918.50 2873.79 7218.35 6973.19 206.00 196.84
10-04-2019 2935.10 2874.28 7184.10 7051.28 215.65 201.36
11-04-2019 2986.90 2876.79 7179.30 7100.03 218.20 205.44
12-04-2019 3006.45 2895.62 7332.15 7142.38 215.85 207.64
15-04-2019 3034.10 2918.13 7336.55 7179.24 231.05 209.74
16-04-2019 3069.40 2942.05 7464.35 7211.00 230.55 213.31
18-04-2019 3063.00 2971.85 7441.10 7262.09 235.90 216.85
22-04-2019 3050.45 3001.92 7305.45 7307.99 234.65 221.89
23-04-2019 3035.70 3020.77 7042.65 7320.43 231.40 225.98
24-04-2019 3076.25 3035.14 7024.35 7300.22 223.70 228.23
25-04-2019 3078.05 3047.91 6902.95 7278.09 221.70 229.01
26-04-2019 3047.75 3058.14 6832.15 7216.77 215.40 229.85
30-04-2019 2993.25 3060.09 6658.70 7144.71 214.20 227.61
02-05-2019 3032.45 3049.21 6668.35 7029.62 207.15 225.28
03-05-2019 3060.65 3044.84 6710.90 6919.23 209.50 221.17
06-05-2019 3030.00 3046.30 6710.15 6834.29 200.10 217.58
07-05-2019 3033.65 3045.49 6698.50 6786.79 190.90 213.11
08-05-2019 2963.20 3039.40 6631.75 6740.24 185.55 208.42
09-05-2019 2987.70 3022.99 6625.25 6701.50 185.80 203.26
10-05-2019 2971.05 3014.41 6624.25 6671.94 186.00 199.03
13-05-2019 2972.45 3011.24 6525.30 6667.02 180.25 195.00
14-05-2019 2936.40 3002.67 6569.55 6646.59 184.35 191.16
15-05-2019 2916.45 2984.92 6484.95 6626.39 169.60 187.56
16-05-2019 2944.65 2968.70 6478.45 6594.22 175.50 183.21
17-05-2019 3041.80 2955.99 6707.20 6562.79 176.70 181.01
20-05-2019 3005.85 2967.21 7088.35 6573.56 190.00 179.74
21-05-2019 2980.75 2969.81 6857.80 6639.72 176.60 180.34
22-05-2019 3049.70 2971.19 6904.10 6673.09 179.45 179.00
23-05-2019 3067.75 2982.23 6932.80 6727.20 175.00 178.89
24-05-2019 3077.30 3000.99 7096.15 6779.09 182.15 177.55
 27-05-2019 3064.60 3023.97 7062.70 6866.41 181.35 179.34
28-05-2019 2992.70 3041.11 7051.40 6949.87 180.75 180.18
29-05-2019 2925.30 3034.09 6887.05 6999.04 176.30 180.76
30-05-2019 2945.35 3022.59 6858.75 6970.29 175.05 178.80
31-05-2019 2925.25 3017.53 6863.65 6970.42 172.50 178.58
03-06-2019 3039.90 2999.75 7032.60 6964.64 174.55 177.59
04-06-2019 2989.55 2995.77 7049.60 6978.90 173.40 177.52
06-06-2019 2990.60 2983.24 6983.90 6972.25 169.80 176.27
07-06-2019 2964.05 2972.66 6947.60 6960.99 169.40 174.62
10-06-2019 2984.90 2968.57 6960.10 6946.16 166.15 173.00
11-06-2019 2990.40 2977.09 6973.00 6956.60 170.65 171.55
12-06-2019 2949.25 2983.52 6848.50 6972.92 169.00 170.92
13-06-2019 2925.80 2986.95 6778.20 6970.76 167.40 170.42
14-06-2019 2870.30 2970.65 6731.75 6934.41 164.10 169.40

3100.00

3050.00

3000.00

2950.00

2900.00 Close Price

Bajaj Auto SMA
2850.00

2800.00

2750.00

2700.00
01/03/2019 01/04/2019 01/05/2019 01/06/2019

Interpretation:

The above graph shows the 7-day simple moving average compared to the closing price of the
stocks. In the above graph the closing price line is above the simple moving average, price is
in uptrend, the SMA acts as a support for the closing price and generates a sell signal for Bajaj
Auto shares.
 7600.00
7400.00
7200.00
7000.00
6800.00
6600.00 Close Price
6400.00
Maruti Suzuki SMA
6200.00
6000.00
5800.00

Interpretation:

The above graph shows the 7-day simple moving average compared to the closing price of the
stocks. In the above graph the closing price line is below the simple moving average initially,
that is the price is in downtrend initially the SMA acts as resistance for the closing price and it
is a buy signal initially. Later the closing price line is above the simple moving average; price
is in uptrend, the SMA acts as a support for the closing price and generates a sell signal for
Maruti Suzuki shares.

250.00

200.00

150.00

100.00 Close Price

Tata motors SMA
50.00

0.00

Interpretation:

The above graph shows the 7-day simple moving average compared to the closing price of the
stocks. In the above graph the closing price line is below the simple moving average for most
occasions, that is the price is in downtrend initially the SMA acts as resistance for the closing
price and it generates a buy signal for the shares of Tata Motors
IT Sector:

Close Infosys Close TCS Close Wipro

Date Price SMA Price SMA Price SMA
01-03-2019 741.15 1991.65 281.63
05-03-2019 732.60 1987.85 272.70
06-03-2019 732.20 1999.40 277.40
07-03-2019 723.25 2011.50 268.80
08-03-2019 712.55 2022.30 256.50
11-03-2019 711.65 2014.10 259.65
12-03-2019 706.90 2012.55 261.25
13-03-2019 709.15 722.90 2001.15 2005.62 257.75 268.28
14-03-2019 708.35 718.33 1988.60 2006.98 256.80 264.86
15-03-2019 718.85 714.86 2040.20 2007.09 262.70 262.59
18-03-2019 709.75 712.96 2021.30 2012.91 257.70 260.49
19-03-2019 721.50 711.03 2024.70 2014.31 257.60 258.91
20-03-2019 738.50 712.31 2015.50 2014.66 261.55 259.06
22-03-2019 742.15 716.14 2004.65 2014.86 260.45 259.34
25-03-2019 735.80 721.18 1986.90 2013.73 256.65 259.22
26-03-2019 726.75 724.99 1981.80 2011.69 254.95 259.06
27-03-2019 729.05 727.61 1968.20 2010.72 254.50 258.80
28-03-2019 738.50 729.07 2000.45 2000.44 254.60 257.63
29-03-2019 742.30 733.18 2000.40 1997.46 254.75 257.19
01-04-2019 755.65 736.15 2031.30 1993.99 261.80 256.78
02-04-2019 757.10 738.60 2079.50 1996.24 261.60 256.81
03-04-2019 754.05 740.74 2080.25 2006.94 261.50 256.98
04-04-2019 748.25 743.34 2014.30 2020.27 258.95 257.67
05-04-2019 756.25 746.41 2051.45 2024.91 262.15 258.24
08-04-2019 767.15 750.30 2069.75 2036.81 263.65 259.34
09-04-2019 759.85 754.39 2088.10 2046.71 273.45 260.63
10-04-2019 754.15 756.90 2043.80 2059.24 281.00 263.30
11-04-2019 743.15 756.69 2019.05 2061.02 281.30 266.04
12-04-2019 747.85 754.69 2013.75 2052.39 283.60 268.86
15-04-2019 726.65 753.81 2110.05 2042.89 288.15 272.01
16-04-2019 723.85 750.72 2132.45 2056.56 281.10 276.19
18-04-2019 716.40 746.09 2145.50 2068.14 284.80 278.89
22-04-2019 720.60 738.84 2164.35 2078.96 288.25 281.91
23-04-2019 727.85 733.24 2157.70 2089.85 291.30 284.03
24-04-2019 736.40 729.48 2185.45 2106.12 293.10 285.50
25-04-2019 728.75 728.51 2191.70 2129.89 295.25 287.19
26-04-2019 737.10 725.79 2238.30 2155.31 294.35 288.85
30-04-2019 749.95 727.28 2254.95 2173.64 298.40 289.74
02-05-2019 729.85 731.01 2214.40 2191.14 293.55 292.21
03-05-2019 723.75 732.93 2132.50 2200.98 291.00 293.46
06-05-2019 717.85 733.38 2154.70 2196.43 290.90 293.85
 07-05-2019 723.55 731.95 2150.35 2196.00 293.70 293.79
08-05-2019 718.10 730.11 2152.65 2190.99 290.80 293.88
09-05-2019 721.05 728.59 2168.70 2185.41 291.00 293.24
10-05-2019 716.05 726.30 2135.55 2175.46 290.55 292.76
13-05-2019 720.05 721.46 2131.10 2158.41 289.25 291.64
14-05-2019 713.85 720.06 2094.35 2146.51 284.30 291.03
15-05-2019 716.50 718.64 2094.50 2141.06 283.65 290.07
16-05-2019 734.20 718.45 2109.45 2132.46 285.80 289.04
17-05-2019 723.80 719.97 2096.35 2126.61 286.75 287.91
20-05-2019 722.40 720.79 2139.30 2118.57 290.05 287.33
21-05-2019 709.20 720.98 2109.20 2114.37 286.85 287.19
22-05-2019 709.20 720.00 2082.75 2110.61 283.20 286.66
23-05-2019 701.25 718.45 2053.75 2103.70 282.15 285.80
24-05-2019 709.45 716.65 2049.65 2097.90 283.15 285.49
27-05-2019 709.10 715.64 2053.80 2091.49 280.45 285.42
28-05-2019 726.65 712.06 2075.00 2083.54 284.30 284.66
29-05-2019 727.35 712.46 2105.25 2080.49 285.90 284.31
30-05-2019 733.30 713.17 2145.40 2075.63 288.30 283.71
31-05-2019 736.85 716.61 2196.85 2080.80 286.55 283.92
03-06-2019 744.65 720.56 2240.35 2097.10 291.30 284.40
04-06-2019 734.70 726.76 2182.45 2123.76 293.90 285.71
06-06-2019 737.95 730.37 2167.40 2142.73 292.00 287.24
07-06-2019 739.35 734.49 2178.95 2158.96 295.05 288.89
10-06-2019 753.60 736.31 2231.10 2173.81 297.20 290.43
11-06-2019 754.85 740.06 2252.85 2191.79 297.90 292.04
12-06-2019 753.95 743.14 2258.45 2207.14 298.00 293.41
13-06-2019 742.70 745.58 2250.25 2215.94 298.80 295.05
14-06-2019 740.40 745.30 2252.30 2217.35 298.95 296.12

780.00

760.00

740.00

720.00 Close Price

Infosys SMA
700.00

680.00

660.00
01/03/2019 01/04/2019 01/05/2019 01/06/2019
Interpretation:

The above graph shows the 7-day simple moving average compared to the closing price of the
stocks. In the above graph the closing price line is above the simple moving average on most
occasions, this indicates that the closing price is in uptrend, the SMA acts as a support for the
closing price and generates a sell signal for the shares of Infosys.

2300.00
2250.00
2200.00
2150.00
2100.00
2050.00 Close Price
2000.00 TCS SMA
1950.00
1900.00
1850.00
1800.00
01/03/2019 01/04/2019 01/05/2019 01/06/2019

Interpretation:

The above graph shows the 7-day simple moving average compared to the closing price of the
stocks. In the above graph the closing price line is above the simple moving average on most
occasions, closing price is in uptrend, the SMA acts as a support for the closing price and
generates a sell signal for TCS shares.

310.00

300.00

290.00

280.00

270.00 Close Price

Wipro SMA
260.00

250.00

240.00

230.00
01/03/2019 01/04/2019 01/05/2019 01/06/2019
Interpretation:

The above graph shows the 7-day simple moving average compared to the closing price of the
stocks. In the above graph the closing price line is below the simple moving average for a very
short while, that is the price is in downtrend which means the SMA acts as resistance for the
closing price and it is a buy signal. Mostly the closing price line is above the simple moving
average; price is in uptrend, the SMA acts as a support for the closing price and generates a
sell signal for the shares of Wipro.

b) Rate of Change calculations (ROC):

Banking Sector:

Close Axis HDFC YES Bank

Date Price ROC Close Price ROC Close Price ROC
01-03-2019 703.10 2290.00 237.40
05-03-2019 732.10 2288.90 237.30
06-03-2019 719.50 2301.75 235.25
07-03-2019 732.20 2284.30 231.80
08-03-2019 732.35 2295.25 232.40
11-03-2019 734.15 2296.50 236.30
12-03-2019 742.25 2310.05 235.70
13-03-2019 738.45 5.03 2316.50 1.16 244.35 2.93
14-03-2019 740.45 1.14 2300.55 0.51 249.85 5.29
15-03-2019 735.70 2.25 2300.20 -0.07 245.05 4.17
18-03-2019 751.95 2.70 2310.20 1.13 245.80 6.04
19-03-2019 761.00 3.91 2282.00 -0.58 249.00 7.14
20-03-2019 755.55 2.91 2274.85 -0.94 252.15 6.71
22-03-2019 757.35 2.03 2299.20 -0.47 252.50 7.13
25-03-2019 743.85 0.73 2267.70 -2.11 247.00 1.08
26-03-2019 757.20 2.26 2261.45 -1.70 253.70 1.54
27-03-2019 760.15 3.32 2251.50 -2.12 267.95 9.35
28-03-2019 780.20 3.76 2223.25 -3.76 275.20 11.96
29-03-2019 776.10 1.98 2226.10 -2.45 275.05 10.46
01-04-2019 765.10 1.26 2170.60 -4.58 275.70 9.34
02-04-2019 767.45 1.33 2130.05 -7.36 280.40 11.05
03-04-2019 761.40 2.36 2127.60 -6.18 273.75 10.83
04-04-2019 762.15 0.65 2122.65 -6.14 268.15 5.70
05-04-2019 761.95 0.24 2103.05 -6.59 267.10 -0.32
08-04-2019 754.30 -3.32 2107.50 -5.21 260.00 -5.52
09-04-2019 763.55 -1.62 2083.20 -6.42 270.60 -1.62
10-04-2019 761.75 -0.44 2082.15 -4.07 268.30 -2.68
11-04-2019 752.05 -2.01 2091.60 -1.81 268.90 -4.10
12-04-2019 764.15 0.36 2110.25 -0.82 267.85 -2.16
15-04-2019 763.20 0.14 2123.35 0.03 265.35 -1.04
16-04-2019 770.65 1.14 2091.65 -0.54 266.45 -0.24
18-04-2019 771.20 2.24 2115.15 0.36 255.30 -1.81
22-04-2019 755.40 -1.07 2106.55 1.12 238.40 -11.90
23-04-2019 753.10 -1.14 2084.30 0.10 232.85 -13.21
24-04-2019 752.60 0.07 2089.95 -0.08 239.15 -11.06
25-04-2019 740.85 -3.05 2101.10 -0.43 237.70 -11.26
26-04-2019 760.20 -0.39 2109.75 -0.64 237.40 -10.53
30-04-2019 766.90 -0.49 2140.25 2.32 168.00 -36.95
02-05-2019 752.65 -2.41 2129.70 0.69 173.80 -31.92
03-05-2019 757.40 0.26 2137.35 1.46 175.60 -26.34
06-05-2019 747.55 -0.74 2123.15 1.86 166.30 -28.58
07-05-2019 742.55 -1.34 2117.05 1.30 164.55 -31.19
08-05-2019 735.50 -0.72 2123.00 1.04 160.75 -32.37
09-05-2019 730.00 -3.97 2114.90 0.24 170.30 -28.26
10-05-2019 733.65 -4.34 2107.00 -1.55 164.00 -2.38
13-05-2019 732.35 -2.70 2091.65 -1.79 154.85 -10.90
14-05-2019 731.50 -3.42 2081.15 -2.63 156.15 -11.08
15-05-2019 721.25 -3.52 2032.55 -4.27 143.65 -13.62
16-05-2019 732.25 -1.39 2058.10 -2.78 137.80 -16.26
17-05-2019 748.15 1.72 2083.55 -1.86 134.55 -16.30
20-05-2019 782.75 7.23 2093.95 -0.99 143.60 -15.68
21-05-2019 773.10 5.38 2101.90 -0.24 141.00 -14.02
22-05-2019 779.30 6.41 2109.75 0.87 137.70 -11.08
23-05-2019 777.05 6.23 2134.35 2.56 139.80 -10.47
24-05-2019 793.65 10.04 2146.55 5.61 141.30 -1.64
27-05-2019 812.45 10.95 2131.20 3.55 146.65 6.42
28-05-2019 808.75 8.10 2129.05 2.18 152.60 13.42
29-05-2019 804.80 2.82 2120.00 1.24 151.70 5.64
30-05-2019 808.10 4.53 2121.05 0.91 154.55 9.61
31-05-2019 808.50 3.75 2100.85 -0.42 147.95 7.44
03-06-2019 812.30 4.54 2112.15 -1.04 149.35 6.83
04-06-2019 821.40 3.50 2109.55 -1.72 152.75 8.10
06-06-2019 808.85 -0.44 2116.20 -0.70 143.35 -2.25
07-06-2019 804.20 -0.56 2102.85 -1.23 139.95 -8.29
10-06-2019 814.20 1.17 2120.00 0.00 135.90 -10.42
11-06-2019 814.95 0.85 2117.75 -0.16 139.30 -9.87
12-06-2019 812.35 0.48 2112.25 0.54 134.65 -8.99
13-06-2019 819.70 0.91 2125.95 0.65 117.20 -21.53
14-06-2019 800.15 -2.59 2147.45 1.80 115.35 -24.48
 840.00 12
820.00 10
800.00 8
780.00
6
760.00
4
740.00 Close Price
2
720.00 Axis ROC
0
700.00
680.00 -2
660.00 -4
640.00 -6
01/03/2019 01/04/2019 01/05/2019 01/06/2019

Interpretation:

ROC Indicator is used to identify the overbought and oversold regions. In the above graph of
Axis Bank, the Rate of change line is below the Closing price of the stocks, When the ROC
falls below the closing price of the stock; it is a sell signal for the stock. As per the above graph
it is the right time to sell the shares of Axis Bank.

2350.00 8
2300.00 6
2250.00 4
2200.00
2
2150.00
0
2100.00 Close Price
-2
2050.00 HDFC ROC
-4
2000.00
1950.00 -6

1900.00 -8

1850.00 -10
01/03/2019 01/04/2019 01/05/2019 01/06/2019

Interpretation:

ROC Indicator is used to identify the overbought and oversold regions. In the above graph of
HDFC Bank, the Rate of change line is below the Closing price of the stocks, When the ROC
falls below the closing price of the stock; it is a sell signal for the stock. As per the above graph
it is the right time to sell the shares of HDFC Bank.

300.00 20

250.00 10

200.00 0

150.00 -10 Close Price

YES Bank ROC
100.00 -20

50.00 -30

0.00 -40
01/03/2019 01/04/2019 01/05/2019 01/06/2019

Interpretation:

ROC Indicator is used to identify the overbought and oversold regions, In the above graph of
YES Bank, Initially the ROC was below the close price in the months of March and April and
later from mid-may the ROC is above the closing price line and again falls below the closing
price, as there are constant fluctuations, it is better to hold on to the shares of YES Bank.

FMCG Sector:

Britannia HUL P&G

Date Close Price ROC Close Price ROC Close Price ROC
01-03-2019 3073.70 1734.95 10916.70
05-03-2019 3067.40 1724.20 10976.05
06-03-2019 3028.70 1700.40 10704.20
07-03-2019 3041.90 1703.35 10399.85
08-03-2019 3063.90 1701.00 10339.55
11-03-2019 3130.40 1714.25 10239.20
12-03-2019 3133.70 1734.10 10468.10
13-03-2019 3128.70 1.79 1746.15 0.65 10389.50 -4.83
14-03-2019 3149.90 2.69 1737.35 0.76 10287.00 -6.28
15-03-2019 3070.25 1.37 1698.65 -0.10 10294.35 -3.83
18-03-2019 3123.25 2.67 1697.45 -0.35 10297.85 -0.98
19-03-2019 3124.15 1.97 1699.60 -0.08 10334.40 -0.05
20-03-2019 3092.10 -1.22 1689.20 -1.46 10304.00 0.63
22-03-2019 3096.20 -1.20 1678.55 -3.20 10416.80 -0.49
25-03-2019 3093.30 -1.13 1673.00 -4.19 10395.70 0.06
26-03-2019 3097.50 -1.66 1683.70 -3.09 10346.45 0.58
27-03-2019 3096.90 0.87 1680.05 -1.09 10648.90 3.44
28-03-2019 3087.85 -1.13 1684.30 -0.77 10746.45 4.36
29-03-2019 3081.95 -1.35 1707.80 0.48 10745.90 3.98
01-04-2019 3054.40 -1.22 1690.00 0.05 10834.80 5.15
02-04-2019 2993.55 -3.32 1686.50 0.47 10748.55 3.18
03-04-2019 2991.75 -3.28 1671.85 -0.07 10796.40 3.85
04-04-2019 3044.35 -1.72 1668.00 -0.93 10684.90 3.27
05-04-2019 2994.65 -3.30 1659.70 -1.21 10683.30 0.32
08-04-2019 2972.90 -3.72 1665.05 -1.14 10726.35 -0.19
09-04-2019 2973.85 -3.51 1678.70 -1.70 10704.45 -0.39
10-04-2019 2958.60 -3.14 1691.75 0.10 10729.55 -0.97
11-04-2019 2951.35 -1.41 1707.50 1.25 10676.00 -0.67
12-04-2019 2985.70 -0.20 1720.85 2.93 10664.80 -1.22
15-04-2019 2996.70 -1.57 1721.75 3.22 10675.45 -0.09
16-04-2019 3022.45 0.93 1738.40 4.74 10695.55 0.11
18-04-2019 2999.75 0.90 1737.45 4.35 10720.90 -0.05
22-04-2019 2997.50 0.80 1739.75 3.64 10591.60 -1.05
23-04-2019 2995.40 1.24 1740.80 2.90 10542.75 -1.74
24-04-2019 2976.25 0.84 1752.75 2.65 10497.05 -1.68
25-04-2019 2972.95 -0.43 1732.15 0.66 10611.05 -0.50
26-04-2019 2967.40 -0.98 1743.75 1.28 10284.40 -3.66
30-04-2019 2893.10 -4.28 1753.95 0.89 10160.20 -5.01
02-05-2019 2785.50 -7.14 1728.05 -0.54 10253.25 -4.36
03-05-2019 2695.10 -10.09 1692.80 -2.70 10369.90 -2.09
06-05-2019 2664.85 -11.04 1672.35 -3.93 10340.65 -1.92
07-05-2019 2652.60 -10.87 1695.25 -3.28 10311.25 -1.77
08-05-2019 2652.85 -10.77 1684.85 -2.73 10416.45 -1.83
09-05-2019 2665.00 -10.19 1699.45 -2.54 10361.30 0.75
10-05-2019 2688.60 -7.07 1687.10 -3.81 10353.90 1.91
13-05-2019 2678.20 -3.85 1701.75 -1.52 10580.40 3.19
14-05-2019 2692.90 -0.08 1694.40 0.09 10546.35 1.70
15-05-2019 2685.15 0.76 1671.00 -0.08 10475.60 1.31
16-05-2019 2715.35 2.37 1686.15 -0.54 10558.60 2.40
17-05-2019 2777.95 4.72 1735.75 3.02 10494.70 0.75
20-05-2019 2805.40 5.27 1772.55 4.30 10799.15 4.23
21-05-2019 2846.05 5.86 1783.50 5.71 10803.90 4.35
22-05-2019 2851.25 6.46 1766.15 3.78 10766.75 1.76
23-05-2019 2839.30 5.44 1750.95 3.34 10677.55 1.24
24-05-2019 2851.75 6.20 1749.20 4.68 10939.75 4.43
 27-05-2019 2886.75 6.31 1768.55 4.89 10932.95 3.55
28-05-2019 2891.25 4.08 1773.50 2.17 10941.65 4.26
29-05-2019 2921.90 4.15 1778.35 0.33 10910.60 1.03
30-05-2019 2887.75 1.47 1784.00 0.03 10974.55 1.58
31-05-2019 2932.90 2.86 1785.15 1.08 10992.15 2.09
03-06-2019 2971.25 4.65 1837.00 4.91 10994.10 2.96
04-06-2019 2961.00 3.83 1816.10 3.82 10879.75 -0.55
06-06-2019 2903.70 0.59 1837.70 3.91 10707.30 -2.06
07-06-2019 2896.45 0.18 1831.60 3.28 10873.10 -0.63
10-06-2019 2992.95 2.43 1849.25 3.99 10941.30 0.28
11-06-2019 2981.70 3.25 1841.75 3.24 10955.85 -0.17
12-06-2019 2993.30 2.06 1844.70 3.34 11046.50 0.49
13-06-2019 2985.95 0.49 1843.80 0.37 11035.90 0.38
14-06-2019 2959.65 -0.05 1824.95 0.49 11006.80 1.17

3200.00 8

3100.00 6
4
3000.00
2
2900.00 0
2800.00 -2 Close Price

-4 Britannia ROC
2700.00
-6
2600.00
-8
2500.00 -10
2400.00 -12
01/03/2019 01/04/2019 01/05/2019 01/06/2019

Interpretation:

ROC Indicator is used to identify the overbought and oversold regions, In the above graph of
Britannia, Initially the ROC was below the close price in the months of March and April and
later from may the ROC is above the closing price line and again in June it falls below the
closing price line, it is better to hold on to the shares of Britannia as there are constant
fluctuations.
 1900.00 8

1850.00 6

1800.00 4

1750.00 2
Close Price
1700.00 0 HUL ROC

1650.00 -2

1600.00 -4

1550.00 -6
01/03/2019 01/04/2019 01/05/2019 01/06/2019

Interpretation:

ROC Indicator is used to identify the overbought and oversold regions. In the above graph of
HUL, the Rate of change line is fluctuating below and above the Closing price of the stocks,
When the ROC falls below the closing price of the stock; it is a sell signal for the stock and
when the ROC is above the close price it is a buy signal. As per the above graph it is the right
time to hold on to the shares of HUL as it is fluctuating.

11200.00 6

11000.00 4
10800.00
2
10600.00
0
10400.00 Close Price
-2 P&G ROC
10200.00
-4
10000.00

9800.00 -6

9600.00 -8
01/03/2019 01/04/2019 01/05/2019 01/06/2019

Interpretation:

ROC Indicator is used to identify the overbought and oversold regions. In the above graph of
P&G, the Rate of change line is fluctuating below and above the Closing price of the stocks,
When the ROC falls below the closing price of the stock; it is a sell signal for the stock and
when the ROC is above the close price it is a buy signal. As per the above graph it is the right
time to hold on to the shares of P&G as it is fluctuating.

Automobile Sector:

Bajaj Maruti
Close Auto Suzuki Tata motors
Date Price ROC Close Price ROC Close Price ROC
01-03-2019 2862.90 6933.20 180.10
05-03-2019 2906.60 7114.50 194.00
06-03-2019 2927.35 7058.95 188.55
07-03-2019 2909.95 7030.65 189.20
08-03-2019 2955.90 6972.85 181.65
11-03-2019 3004.40 7090.40 182.15
12-03-2019 2991.35 7153.95 184.75
13-03-2019 3008.40 5.08 7086.05 2.20 181.60 0.83
14-03-2019 3010.50 3.57 7086.80 -0.39 179.70 -7.37
15-03-2019 3022.30 3.24 7092.05 0.47 180.20 -4.43
18-03-2019 3004.20 3.24 6910.35 -1.71 182.30 -3.65
19-03-2019 2980.25 0.82 6832.55 -2.01 182.80 0.63
20-03-2019 2948.10 -1.87 6680.80 -5.78 179.85 -1.26
22-03-2019 2949.40 -1.40 6558.00 -8.33 175.40 -5.06
25-03-2019 2958.10 -1.67 6523.45 -7.94 171.35 -5.64
26-03-2019 2951.30 -1.97 6578.80 -7.17 173.10 -3.67
27-03-2019 2986.70 -1.18 6522.25 -8.03 169.90 -5.72
28-03-2019 2941.15 -2.10 6585.70 -4.70 170.60 -6.42
29-03-2019 2915.05 -2.19 6671.70 -2.35 174.30 -4.65
01-04-2019 2917.50 -1.04 6842.85 2.43 187.15 4.06
02-04-2019 2855.10 -3.20 6882.85 4.95 202.80 15.62
03-04-2019 2848.90 -3.69 7074.10 8.44 201.10 17.36
04-04-2019 2866.65 -2.87 7114.25 8.14 206.10 19.06
05-04-2019 2860.80 -4.22 7106.70 8.96 205.75 21.10
08-04-2019 2852.50 -3.01 7119.85 8.11 200.65 17.61
09-04-2019 2918.50 0.12 7218.35 8.19 206.00 18.19
10-04-2019 2935.10 0.60 7184.10 4.99 215.65 15.23
11-04-2019 2986.90 4.62 7179.30 4.31 218.20 7.59
12-04-2019 3006.45 5.53 7332.15 3.65 215.85 7.33
15-04-2019 3034.10 5.84 7336.55 3.12 231.05 12.11
16-04-2019 3069.40 7.29 7464.35 5.03 230.55 12.05
18-04-2019 3063.00 7.38 7441.10 4.51 235.90 17.57
22-04-2019 3050.45 4.52 7305.45 1.21 234.65 13.91
23-04-2019 3035.70 3.43 7042.65 -1.97 231.40 7.30
24-04-2019 3076.25 2.99 7024.35 -2.16 223.70 2.52
25-04-2019 3078.05 2.38 6902.95 -5.85 221.70 2.71
26-04-2019 3047.75 0.45 6832.15 -6.88 215.40 -6.77
30-04-2019 2993.25 -2.48 6658.70 -10.79 214.20 -7.09
02-05-2019 3032.45 -1.00 6668.35 -10.38 207.15 -12.19
03-05-2019 3060.65 0.33 6710.90 -8.14 209.50 -10.72
06-05-2019 3030.00 -0.19 6710.15 -4.72 200.10 -13.53
07-05-2019 3033.65 -1.38 6698.50 -4.64 190.90 -14.66
08-05-2019 2963.20 -3.73 6631.75 -3.93 185.55 -16.31
09-05-2019 2987.70 -1.97 6625.25 -3.03 185.80 -13.74
10-05-2019 2971.05 -0.74 6624.25 -0.52 186.00 -13.17
13-05-2019 2972.45 -1.98 6525.30 -2.15 180.25 -12.99
14-05-2019 2936.40 -4.06 6569.55 -2.11 184.35 -12.00
15-05-2019 2916.45 -3.75 6484.95 -3.36 169.60 -15.24
16-05-2019 2944.65 -2.93 6478.45 -3.29 175.50 -8.07
17-05-2019 3041.80 2.65 6707.20 1.14 176.70 -4.77
20-05-2019 3005.85 0.61 7088.35 6.99 190.00 2.26
21-05-2019 2980.75 0.33 6857.80 3.53 176.60 -5.05
22-05-2019 3049.70 2.60 6904.10 5.81 179.45 -0.44
23-05-2019 3067.75 4.47 6932.80 5.53 175.00 -5.07
24-05-2019 3077.30 5.52 7096.15 9.42 182.15 7.40
27-05-2019 3064.60 4.07 7062.70 9.02 181.35 3.33
28-05-2019 2992.70 -1.61 7051.40 5.13 180.75 2.29
29-05-2019 2925.30 -2.68 6887.05 -2.84 176.30 -7.21
30-05-2019 2945.35 -1.19 6858.75 0.01 175.05 -0.88
31-05-2019 2925.25 -4.08 6863.65 -0.59 172.50 -3.87
03-06-2019 3039.90 -0.91 7032.60 1.44 174.55 -0.26
04-06-2019 2989.55 -2.85 7049.60 -0.66 173.40 -4.80
06-06-2019 2990.60 -2.41 6983.90 -1.12 169.80 -6.37
07-06-2019 2964.05 -0.96 6947.60 -1.47 169.40 -6.28
10-06-2019 2984.90 2.04 6960.10 1.06 166.15 -5.76
11-06-2019 2990.40 1.53 6973.00 1.67 170.65 -2.51
12-06-2019 2949.25 0.82 6848.50 -0.22 169.00 -2.03
13-06-2019 2925.80 -3.75 6778.20 -3.62 167.40 -4.10
14-06-2019 2870.30 -3.99 6731.75 -4.51 164.10 -5.36
 3100.00 8

3050.00 6
3000.00
4
2950.00
2
2900.00 Close Price
0 Bajaj Auto ROC
2850.00
-2
2800.00

2750.00 -4

2700.00 -6
01/03/2019 01/04/2019 01/05/2019 01/06/2019

Interpretation:

ROC Indicator is used to identify the overbought and oversold regions. In the above graph of
Bajaj Auto, the Rate of change line is below the Closing price of the stocks, When the ROC
falls below the closing price of the stock; it is a sell signal for the stock. As per the above graph
it is the right time to sell the shares of Bajaj Auto.

7600.00 15

7400.00
10
7200.00

7000.00 5

6800.00
0 Close Price
6600.00
Maruti Suzuki ROC
6400.00 -5

6200.00
-10
6000.00

5800.00 -15
01/03/2019 01/04/2019 01/05/2019 01/06/2019

Interpretation:

ROC Indicator is used to identify the overbought and oversold regions. In the above graph of
Maruti Suzuki, the Rate of change line is below the Closing price of the stocks, When the ROC
falls below the closing price of the stock; it is a sell signal for the stock. As per the above graph
it is the right time to sell the shares of Maruti Suzuki.

250.00 25
20
200.00 15
10
150.00
5
Close Price
0
100.00 Tata motors ROC
-5

50.00 -10
-15
0.00 -20
01/03/2019 01/04/2019 01/05/2019 01/06/2019

Interpretation:

ROC Indicator is used to identify the overbought and oversold regions. In the above graph of
Tata Motors, the Rate of change line is below the Closing price of the stocks, When the ROC
falls below the closing price of the stock; it is a sell signal for the stock. As per the above graph
it is the right time to sell the shares of Tata Motors.

IT Sector:

Close Infosys
Date Price ROC Close Price TCS ROC Close Price Wipro ROC
01-03-2019 741.15 1991.65 281.63
05-03-2019 732.60 1987.85 272.70
06-03-2019 732.20 1999.40 277.40
07-03-2019 723.25 2011.50 268.80
08-03-2019 712.55 2022.30 256.50
11-03-2019 711.65 2014.10 259.65
12-03-2019 706.90 2012.55 261.25
13-03-2019 709.15 -4.32 2001.15 0.48 257.75 -8.48
14-03-2019 708.35 -3.31 1988.60 0.04 256.80 -5.83
15-03-2019 718.85 -1.82 2040.20 2.04 262.70 -5.30
18-03-2019 709.75 -1.87 2021.30 0.49 257.70 -4.13
19-03-2019 721.50 1.26 2024.70 0.12 257.60 0.43
20-03-2019 738.50 3.77 2015.50 0.07 261.55 0.73
22-03-2019 742.15 4.99 2004.65 -0.39 260.45 -0.31
25-03-2019 735.80 3.76 1986.90 -0.71 256.65 -0.43
26-03-2019 726.75 2.60 1981.80 -0.34 254.95 -0.72
27-03-2019 729.05 1.42 1968.20 -3.53 254.50 -3.12
28-03-2019 738.50 4.05 2000.45 -1.03 254.60 -1.20
29-03-2019 742.30 2.88 2000.40 -1.20 254.75 -1.11
01-04-2019 755.65 2.32 2031.30 0.78 261.80 0.10
02-04-2019 757.10 2.01 2079.50 3.73 261.60 0.44
03-04-2019 754.05 2.48 2080.25 4.70 261.50 1.89
04-04-2019 748.25 2.96 2014.30 1.64 258.95 1.57
05-04-2019 756.25 3.73 2051.45 4.23 262.15 3.01
08-04-2019 767.15 3.88 2069.75 3.46 263.65 3.55
09-04-2019 759.85 2.36 2088.10 4.38 273.45 7.34
10-04-2019 754.15 -0.20 2043.80 0.62 281.00 7.33
11-04-2019 743.15 -1.84 2019.05 -2.91 281.30 7.53
12-04-2019 747.85 -0.82 2013.75 -3.20 283.60 8.45
15-04-2019 726.65 -2.89 2110.05 4.75 288.15 11.28
16-04-2019 723.85 -4.28 2132.45 3.95 281.10 7.23
18-04-2019 716.40 -6.62 2145.50 3.66 284.80 8.02
22-04-2019 720.60 -5.17 2164.35 3.65 288.25 5.41
23-04-2019 727.85 -3.49 2157.70 5.57 291.30 3.67
24-04-2019 736.40 -0.91 2185.45 8.24 293.10 4.19
25-04-2019 728.75 -2.55 2191.70 8.84 295.25 4.11
26-04-2019 737.10 1.44 2238.30 6.08 294.35 2.15
30-04-2019 749.95 3.61 2254.95 5.74 298.40 6.15
02-05-2019 729.85 1.88 2214.40 3.21 293.55 3.07
03-05-2019 723.75 0.44 2132.50 -1.47 291.00 0.95
06-05-2019 717.85 -1.37 2154.70 -0.14 290.90 -0.14
07-05-2019 723.55 -1.74 2150.35 -1.61 293.70 0.20
08-05-2019 718.10 -1.46 2152.65 -1.78 290.80 -1.51
09-05-2019 721.05 -2.18 2168.70 -3.11 291.00 -1.14
10-05-2019 716.05 -4.52 2135.55 -5.30 290.55 -2.63
13-05-2019 720.05 -1.34 2131.10 -3.76 289.25 -1.46
14-05-2019 713.85 -1.37 2094.35 -1.79 284.30 -2.30
15-05-2019 716.50 -0.19 2094.50 -2.79 283.65 -2.49
16-05-2019 734.20 1.47 2109.45 -1.90 285.80 -2.69
17-05-2019 723.80 0.79 2096.35 -2.62 286.75 -1.39
20-05-2019 722.40 0.19 2139.30 -1.36 290.05 -0.33
21-05-2019 709.20 -0.96 2109.20 -1.23 286.85 -1.27
22-05-2019 709.20 -1.51 2082.75 -2.27 283.20 -2.09
23-05-2019 701.25 -1.77 2053.75 -1.94 282.15 -0.76
24-05-2019 709.45 -0.98 2049.65 -2.14 283.15 -0.18
27-05-2019 709.10 -3.42 2053.80 -2.64 280.45 -1.87
28-05-2019 726.65 0.39 2075.00 -1.02 284.30 -0.85
29-05-2019 727.35 0.69 2105.25 -1.59 285.90 -1.43
30-05-2019 733.30 3.40 2145.40 1.72 288.30 0.51
31-05-2019 736.85 3.90 2196.85 5.48 286.55 1.18
 03-06-2019 744.65 6.19 2240.35 9.09 291.30 3.24
04-06-2019 734.70 3.56 2182.45 6.48 293.90 3.80
06-06-2019 737.95 4.07 2167.40 5.53 292.00 4.12
07-06-2019 739.35 1.75 2178.95 5.01 295.05 3.78
10-06-2019 753.60 3.61 2231.10 5.98 297.20 3.95
11-06-2019 754.85 2.94 2252.85 5.01 297.90 3.33
12-06-2019 753.95 2.32 2258.45 2.80 298.00 4.00
13-06-2019 742.70 -0.26 2250.25 0.44 298.80 2.57
14-06-2019 740.40 0.78 2252.30 3.20 298.95 1.72

780.00 8

6
760.00
4
740.00
2

720.00 0 Close Price

Infosys ROC
-2
700.00
-4
680.00
-6

660.00 -8
01/03/2019 01/04/2019 01/05/2019 01/06/2019

Interpretation:

ROC Indicator is used to identify the overbought and oversold regions, in the above graph of
Infosys, the Rate of change line is below the Closing price of the stocks, When the ROC falls
below the closing price of the stock; it is a sell signal for the stock. As per the above graph it
is the right time to sell the shares of Infosys.
 2300.00 10
2250.00 8
2200.00 6
2150.00
4
2100.00
2
2050.00 Close Price
0
2000.00 TCS ROC
-2
1950.00
1900.00 -4

1850.00 -6

1800.00 -8
01/03/2019 01/04/2019 01/05/2019 01/06/2019

Interpretation:

ROC Indicator is used to identify the overbought and oversold regions. In the above graph of
TCS, the Rate of change line is below the Closing price of the stocks, When the ROC falls
below the closing price of the stock; it is a sell signal for the stock. As per the above graph it
is the right time to sell the shares of TCS.

310.00 15

300.00
10
290.00

280.00 Close Price

5
270.00 Wipro ROC

260.00 0

250.00
-5
240.00

230.00 -10
01/03/2019 01/04/2019 01/05/2019 01/06/2019

Interpretation:

ROC Indicator is used to identify the overbought and oversold regions. In the above graph of
Wipro, the Rate of change line is below the Closing price of the stocks, When the ROC falls
below the closing price of the stock; it is a sell signal for the stock. As per the above graph it
is the right time to sell the shares of Wipro.
 c) Relative Strength Index Calculations (RSI):

Banking Sector:

Axis Bank

Date Close Price change Gain Loss RS RSI

01-03-2019 703.10
05-03-2019 732.10 29.00 29 0
06-03-2019 719.50 -12.60 0 12.6
07-03-2019 732.20 12.70 12.7 0
08-03-2019 732.35 0.15 0.15 0
11-03-2019 734.15 1.80 1.8 0
12-03-2019 742.25 8.10 8.1 0
13-03-2019 738.45 -3.80 0 3.8 4.11 80.42
14-03-2019 740.45 2.00 2 0 3.16 75.94
15-03-2019 735.70 -4.75 0 4.75 1.51 60.15
18-03-2019 751.95 16.25 16.25 0 2.89 74.32
19-03-2019 761.00 9.05 9.05 0 3.31 76.80
20-03-2019 755.55 -5.45 0 5.45 4.35 81.31
22-03-2019 757.35 1.80 1.8 0 2.53 71.66
25-03-2019 743.85 -13.50 0 13.5 2.08 67.52
26-03-2019 757.20 13.35 13.35 0 1.23 55.11
27-03-2019 760.15 2.95 2.95 0 1.71 63.06
28-03-2019 780.20 20.05 20.05 0 2.29 69.61
29-03-2019 776.10 -4.10 0 4.1 2.49 71.35
01-04-2019 765.10 -11.00 0 11 1.66 62.34
02-04-2019 767.45 2.35 2.35 0 1.33 57.15
03-04-2019 761.40 -6.05 0 6.05 1.35 57.50
04-04-2019 762.15 0.75 0.75 0 1.83 64.66
05-04-2019 761.95 -0.20 0 0.2 1.23 55.24
08-04-2019 754.30 -7.65 0 7.65 1.08 52.02
09-04-2019 763.55 9.25 9.25 0 0.11 9.66
10-04-2019 761.75 -1.80 0 1.8 0.50 33.15
11-04-2019 752.05 -9.70 0 9.7 0.79 44.03
12-04-2019 764.15 12.10 12.1 0 0.39 28.25
15-04-2019 763.20 -0.95 0 0.95 1.14 53.32
16-04-2019 770.65 7.45 7.45 0 1.05 51.26
18-04-2019 771.20 0.55 0.55 0 1.43 58.90
22-04-2019 755.40 -15.80 0 15.8 2.36 70.22
23-04-2019 753.10 -2.30 0 2.3 0.71 41.57
24-04-2019 752.60 -0.50 0 0.5 0.70 41.15
25-04-2019 740.85 -11.75 0 11.75 1.03 50.69
26-04-2019 760.20 19.35 19.35 0 0.26 20.36
30-04-2019 766.90 6.70 6.7 0 0.90 47.40
02-05-2019 752.65 -14.25 0 14.25 0.88 46.71
03-05-2019 757.40 4.75 4.75 0 0.58 36.87
06-05-2019 747.55 -9.85 0 9.85 1.07 51.68
07-05-2019 742.55 -5.00 0 5 0.85 45.87
08-05-2019 735.50 -7.05 0 7.05 0.75 42.99
09-05-2019 730.00 -5.50 0 5.5 0.85 46.00
10-05-2019 733.65 3.65 3.65 0 0.27 21.56
13-05-2019 732.35 -1.30 0 1.3 0.20 16.78
14-05-2019 731.50 -0.85 0 0.85 0.29 22.64
15-05-2019 721.25 -10.25 0 10.25 0.12 10.99
16-05-2019 732.25 11.00 11 0 0.12 10.86
17-05-2019 748.15 15.90 15.9 0 0.59 36.99
20-05-2019 782.75 34.60 34.6 0 1.71 63.05
21-05-2019 773.10 -9.65 0 9.65 5.25 84.01
22-05-2019 779.30 6.20 6.2 0 2.79 73.61
23-05-2019 777.05 -2.25 0 2.25 3.26 76.54
24-05-2019 793.65 16.60 16.6 0 3.06 75.35
27-05-2019 812.45 18.80 18.8 0 7.08 87.63
28-05-2019 808.75 -3.70 0 3.7 7.74 88.56
29-05-2019 804.80 -3.95 0 3.95 4.88 83.01
30-05-2019 808.10 3.30 3.3 0 2.13 68.03
31-05-2019 808.50 0.40 0.4 0 4.54 81.93
03-06-2019 812.30 3.80 3.8 0 3.95 79.80
04-06-2019 821.40 9.10 9.1 0 5.61 84.87
06-06-2019 808.85 -12.55 0 12.55 4.63 82.23
07-06-2019 804.20 -4.65 0 4.65 0.82 45.11
10-06-2019 814.20 10.00 10 0 0.78 43.97
11-06-2019 814.95 0.75 0.75 0 1.55 60.73
12-06-2019 812.35 -2.60 0 2.6 1.40 58.30
13-06-2019 819.70 7.35 7.35 0 1.19 54.43
14-06-2019 800.15 -19.55 0 19.55 1.37 57.87
 840.00 100
820.00 90
800.00 80
780.00 70
760.00 60
740.00 50 Close Price
720.00 40 RSI
700.00 30
680.00 20
660.00 10
640.00 0
01/03/2019 01/04/2019 01/05/2019 01/06/2019

Interpretation:

The RSI Indicator shows the overbought and oversold regions. The oversold point is when the
RSI is 30 and anything above 30. The overbought point is when RSI is 70 and crosses anything
below 70. When the RSI crosses above the oversold line (30) it is a buy signal for the traders,
it is advisable to buy the shares. When the RSI crosses below the overbought line (70) it is a
sell signal.

HDFC Bank:

Close
Date Price change Gain Loss RS RSI
01-03-2019 2290.00
05-03-2019 2288.90 -1.10 0 1.1
06-03-2019 2301.75 12.85 12.85 0
07-03-2019 2284.30 -17.45 0 17.45
08-03-2019 2295.25 10.95 10.95 0
11-03-2019 2296.50 1.25 1.25 0
12-03-2019 2310.05 13.55 13.55 0
13-03-2019 2316.50 6.45 6.45 0 2.08 67.54
14-03-2019 2300.55 -15.95 0 15.95 2.43 70.83
15-03-2019 2300.20 -0.35 0 0.35 1.35 57.43
18-03-2019 2310.20 10.00 10 0 0.95 48.82
19-03-2019 2282.00 -28.20 0 28.2 2.59 72.14
20-03-2019 2274.85 -7.15 0 7.15 0.70 41.25
22-03-2019 2299.20 24.35 24.35 0 0.58 36.74
25-03-2019 2267.70 -31.50 0 31.5 0.79 44.13
26-03-2019 2261.45 -6.25 0 6.25 0.41 29.23
27-03-2019 2251.50 -9.95 0 9.95 0.47 31.86
28-03-2019 2223.25 -28.25 0 28.25 0.41 29.26
29-03-2019 2226.10 2.85 2.85 0 0.22 17.95
01-04-2019 2170.60 -55.50 0 55.5 0.33 24.66
02-04-2019 2130.05 -40.55 0 40.55 0.21 17.14
03-04-2019 2127.60 -2.45 0 2.45 0.02 1.63
04-04-2019 2122.65 -4.95 0 4.95 0.02 1.95
05-04-2019 2103.05 -19.60 0 19.6 0.02 1.97
08-04-2019 2107.50 4.45 4.45 0 0.02 1.85
09-04-2019 2083.20 -24.30 0 24.3 0.06 5.60
10-04-2019 2082.15 -1.05 0 1.05 0.03 2.93
11-04-2019 2091.60 9.45 9.45 0 0.05 4.57
12-04-2019 2110.25 18.65 18.65 0 0.27 20.98
15-04-2019 2123.35 13.10 13.1 0 0.65 39.48
16-04-2019 2091.65 -31.70 0 31.7 1.02 50.39
18-04-2019 2115.15 23.50 23.5 0 0.80 44.45
22-04-2019 2106.55 -8.60 0 8.6 1.13 53.14
23-04-2019 2084.30 -22.25 0 22.25 1.56 61.01
24-04-2019 2089.95 5.65 5.65 0 1.03 50.84
25-04-2019 2101.10 11.15 11.15 0 0.97 49.33
26-04-2019 2109.75 8.65 8.65 0 0.85 46.05
30-04-2019 2140.25 30.50 30.5 0 0.78 43.90
02-05-2019 2129.70 -10.55 0 10.55 2.58 72.03
03-05-2019 2137.35 7.65 7.65 0 1.35 57.47
06-05-2019 2123.15 -14.20 0 14.2 1.94 65.98
07-05-2019 2117.05 -6.10 0 6.1 2.57 71.99
08-05-2019 2123.00 5.95 5.95 0 1.88 65.26
09-05-2019 2114.90 -8.10 0 8.1 1.71 63.10
10-05-2019 2107.00 -7.90 0 7.9 1.13 53.10
13-05-2019 2091.65 -15.35 0 15.35 0.29 22.50
14-05-2019 2081.15 -10.50 0 10.5 0.26 20.84
15-05-2019 2032.55 -48.60 0 48.6 0.10 8.74
16-05-2019 2058.10 25.55 25.55 0 0.06 5.80
17-05-2019 2083.55 25.45 25.45 0 0.35 25.83
20-05-2019 2093.95 10.40 10.4 0 0.56 36.06
21-05-2019 2101.90 7.95 7.95 0 0.75 42.71
22-05-2019 2109.75 7.85 7.85 0 0.93 48.23
23-05-2019 2134.35 24.60 24.6 0 1.31 56.64
24-05-2019 2146.55 12.20 12.2 0 2.09 67.69
27-05-2019 2131.20 -15.35 0 15.35 0.00 0.00
28-05-2019 2129.05 -2.15 0 2.15 5.76 85.21
29-05-2019 2120.00 -9.05 0 9.05 3.60 78.26
30-05-2019 2121.05 1.05 1.05 0 1.98 66.46
31-05-2019 2100.85 -20.20 0 20.2 1.72 63.25
03-06-2019 2112.15 11.30 11.3 0 0.81 44.74
04-06-2019 2109.55 -2.60 0 2.6 0.53 34.43
 06-06-2019 2116.20 6.65 6.65 0 0.25 20.02
07-06-2019 2102.85 -13.35 0 13.35 0.56 35.85
10-06-2019 2120.00 17.15 17.15 0 0.42 29.60
11-06-2019 2117.75 -2.25 0 2.25 1.00 50.00
12-06-2019 2112.25 -5.50 0 5.5 0.91 47.76
13-06-2019 2125.95 13.70 13.7 0 1.48 59.69
14-06-2019 2147.45 21.50 21.5 0 1.58 61.27

2350.00 90
2300.00 80
2250.00 70
2200.00 60
2150.00
50
2100.00
40
2050.00 Close Price
2000.00 30
1950.00 20 RSI
1900.00 10
1850.00 0

Interpretation:

The RSI Indicator shows the overbought and oversold regions. The oversold point is when the
RSI is 30 and anything above 30. The overbought point is when RSI is 70 and crosses anything
below 70. When the RSI crosses above the oversold line (30) it is a buy signal for the traders,
it is advisable to buy the shares. When the RSI crosses below the overbought line (70) it is a
sell signal.

YES Bank:

Date Close Price change Gain Loss RS RSI

01-03-2019 237.40
05-03-2019 237.30 -0.10 0 0.10
06-03-2019 235.25 -2.05 0 2.05
07-03-2019 231.80 -3.45 0 3.45
08-03-2019 232.40 0.60 0.6 0.00
11-03-2019 236.30 3.90 3.9 0.00
12-03-2019 235.70 -0.60 0 0.60
13-03-2019 244.35 8.65 8.65 0.00 0.73 42.06
14-03-2019 249.85 5.50 5.5 0.00 2.12 67.96
15-03-2019 245.05 -4.80 0 4.80 3.06 75.35
18-03-2019 245.80 0.75 0.75 0.00 2.11 67.82
19-03-2019 249.00 3.20 3.2 0.00 3.59 78.23
20-03-2019 252.15 3.15 3.15 0.00 4.07 80.29
22-03-2019 252.50 0.35 0.35 0.00 3.94 79.74
25-03-2019 247.00 -5.50 0 5.50 4.50 81.82
26-03-2019 253.70 6.70 6.7 0.00 1.26 55.70
27-03-2019 267.95 14.25 14.25 0.00 1.37 57.87
28-03-2019 275.20 7.25 7.25 0.00 5.16 83.78
29-03-2019 275.05 -0.15 0 0.15 6.35 86.39
01-04-2019 275.70 0.65 0.65 0.00 5.61 84.87
02-04-2019 280.40 4.70 4.7 0.00 5.17 83.79
03-04-2019 273.75 -6.65 0 6.65 5.94 85.59
04-04-2019 268.15 -5.60 0 5.60 4.93 83.15
05-04-2019 267.10 -1.05 0 1.05 2.17 68.41
08-04-2019 260.00 -7.10 0 7.10 0.94 48.37
09-04-2019 270.60 10.60 10.6 0.00 0.26 20.66
10-04-2019 268.30 -2.30 0 2.30 0.78 43.88
11-04-2019 268.90 0.60 0.6 0.00 0.67 40.26
12-04-2019 267.85 -1.05 0 1.05 0.49 33.04
15-04-2019 265.35 -2.50 0 2.50 0.65 39.58
16-04-2019 266.45 1.10 1.1 0.00 0.80 44.44
18-04-2019 255.30 -11.15 0 11.15 0.95 48.71
22-04-2019 238.40 -16.90 0 16.90 0.72 41.98
23-04-2019 232.85 -5.55 0 5.55 0.05 4.78
24-04-2019 239.15 6.30 6.3 0.00 0.05 4.38
25-04-2019 237.70 -1.45 0 1.45 0.20 16.61
26-04-2019 237.40 -0.30 0 0.30 0.20 16.46
30-04-2019 168.00 -69.40 0 69.40 0.21 17.31
02-05-2019 173.80 5.80 5.8 0.00 0.06 5.67
03-05-2019 175.60 1.80 1.8 0.00 0.13 11.45
06-05-2019 166.30 -9.30 0 9.30 0.18 15.34
07-05-2019 164.55 -1.75 0 1.75 0.17 14.73
08-05-2019 160.75 -3.80 0 3.80 0.09 8.46
09-05-2019 170.30 9.55 9.55 0.00 0.09 8.25
10-05-2019 164.00 -6.30 0 6.30 0.20 16.91
13-05-2019 154.85 -9.15 0 9.15 0.81 44.78
14-05-2019 156.15 1.30 1.3 0.00 0.37 27.25
15-05-2019 143.65 -12.50 0 12.50 0.36 26.37
16-05-2019 137.80 -5.85 0 5.85 0.32 24.46
17-05-2019 134.55 -3.25 0 3.25 0.29 22.39
20-05-2019 143.60 9.05 9.05 0.00 0.29 22.65
21-05-2019 141.00 -2.60 0 2.60 0.28 21.84
22-05-2019 137.70 -3.30 0 3.30 0.31 23.68
23-05-2019 139.80 2.10 2.1 0.00 0.38 27.34
24-05-2019 141.30 1.50 1.5 0.00 0.41 28.85
 27-05-2019 146.65 5.35 5.35 0.00 0.84 45.75
28-05-2019 152.60 5.95 5.95 0.00 1.97 66.30
29-05-2019 151.70 -0.90 0 0.90 4.06 80.23
30-05-2019 154.55 2.85 2.85 0.00 2.19 68.66
31-05-2019 147.95 -6.60 0 6.60 4.23 80.87
03-06-2019 149.35 1.40 1.4 0.00 2.37 70.30
04-06-2019 152.75 3.40 3.4 0.00 2.27 69.45
06-06-2019 143.35 -9.40 0 9.40 2.53 71.64
07-06-2019 139.95 -3.40 0 3.40 0.80 44.59
10-06-2019 135.90 -4.05 0 4.05 0.38 27.37
11-06-2019 139.30 3.40 3.4 0.00 0.33 24.60
12-06-2019 134.65 -4.65 0 4.65 0.35 25.91
13-06-2019 117.20 -17.45 0 17.45 0.38 27.61
14-06-2019 115.35 -1.85 0 1.85 0.17 14.86

300.00 100
90
250.00 80
70
200.00
60
150.00 50
40 Close Price
100.00
30 RSI
50.00 20
10
0.00 0

Interpretation:

The RSI Indicator shows the overbought and oversold regions. The oversold point is when the
RSI is 30 and anything above 30. The overbought point is when RSI is 70 and crosses anything
below 70. When the RSI crosses above the oversold line (30) it is a buy signal for the traders,
it is advisable to buy the shares. When the RSI crosses below the overbought line (70) it is a
sell signal.

FMCG Sector:

Britannia
 Date Close Price change Gain Loss RS RSI
01-03-2019 3073.70
05-03-2019 3067.40 -6.30 0 6.3
06-03-2019 3028.70 -38.70 0 38.7
07-03-2019 3041.90 13.20 13.2 0
08-03-2019 3063.90 22.00 22 0
11-03-2019 3130.40 66.50 66.5 0
12-03-2019 3133.70 3.30 3.3 0
13-03-2019 3128.70 -5.00 0 5 2.33 70.00
14-03-2019 3149.90 21.20 21.2 0 2.10 67.74
15-03-2019 3070.25 -79.65 0 79.65 2.89 74.28
18-03-2019 3123.25 53.00 53 0 1.49 59.85
19-03-2019 3124.15 0.90 0.9 0 1.96 66.23
20-03-2019 3092.10 -32.05 0 32.05 1.71 63.12
22-03-2019 3096.20 4.10 4.1 0 0.67 40.18
25-03-2019 3093.30 -2.90 0 2.9 0.68 40.43
26-03-2019 3097.50 4.20 4.2 0 0.69 40.87
27-03-2019 3096.90 -0.60 0 0.6 0.54 35.18
28-03-2019 3087.85 -9.05 0 9.05 1.75 63.63
29-03-2019 3081.95 -5.90 0 5.9 0.21 17.10
01-04-2019 3054.40 -27.55 0 27.55 0.16 14.12
02-04-2019 2993.55 -60.85 0 60.85 0.18 15.29
03-04-2019 2991.75 -1.80 0 1.8 0.04 3.78
04-04-2019 3044.35 52.60 52.6 0 0.04 3.82
05-04-2019 2994.65 -49.70 0 49.7 0.50 33.22
08-04-2019 2972.90 -21.75 0 21.75 0.34 25.36
09-04-2019 2973.85 0.95 0.95 0 0.31 23.89
10-04-2019 2958.60 -15.25 0 15.25 0.33 24.88
11-04-2019 2951.35 -7.25 0 7.25 0.36 26.39
12-04-2019 2985.70 34.35 34.35 0 0.56 35.87
15-04-2019 2996.70 11.00 11 0 0.94 48.34
16-04-2019 3022.45 25.75 25.75 0 0.49 33.01
18-04-2019 2999.75 -22.70 0 22.7 1.63 61.95
22-04-2019 2997.50 -2.25 0 2.25 1.59 61.45
23-04-2019 2995.40 -2.10 0 2.1 1.50 59.97
24-04-2019 2976.25 -19.15 0 19.15 2.07 67.46
25-04-2019 2972.95 -3.30 0 3.3 1.54 60.61
26-04-2019 2967.40 -5.55 0 5.55 0.74 42.61
30-04-2019 2893.10 -74.30 0 74.3 0.47 31.87
02-05-2019 2785.50 -107.60 0 107.6 0.00 0.00
03-05-2019 2695.10 -90.40 0 90.4 0.00 0.00
06-05-2019 2664.85 -30.25 0 30.25 0.00 0.00
07-05-2019 2652.60 -12.25 0 12.25 0.00 0.00
08-05-2019 2652.85 0.25 0.25 0 0.00 0.00
09-05-2019 2665.00 12.15 12.15 0 0.00 0.08
10-05-2019 2688.60 23.60 23.6 0 0.04 3.79
13-05-2019 2678.20 -10.40 0 10.4 0.15 13.02
14-05-2019 2692.90 14.70 14.7 0 0.25 20.08
15-05-2019 2685.15 -7.75 0 7.75 0.96 48.94
16-05-2019 2715.35 30.20 30.2 0 1.67 62.52
17-05-2019 2777.95 62.60 62.6 0 4.46 81.68
20-05-2019 2805.40 27.45 27.45 0 7.89 88.75
21-05-2019 2846.05 40.65 40.65 0 8.74 89.73
22-05-2019 2851.25 5.20 5.2 0 9.67 90.63
23-05-2019 2839.30 -11.95 0 11.95 23.33 95.89
24-05-2019 2851.75 12.45 12.45 0 8.43 89.40
27-05-2019 2886.75 35.00 35 0 14.94 93.73
28-05-2019 2891.25 4.50 4.5 0 15.34 93.88
29-05-2019 2921.90 30.65 30.65 0 10.48 91.29
30-05-2019 2887.75 -34.15 0 34.15 10.75 91.49
31-05-2019 2932.90 45.15 45.15 0 1.90 65.57
03-06-2019 2971.25 38.35 38.35 0 2.77 73.48
04-06-2019 2961.00 -10.25 0 10.25 4.86 82.95
06-06-2019 2903.70 -57.30 0 57.3 3.46 77.58
07-06-2019 2896.45 -7.25 0 7.25 1.17 53.85
10-06-2019 2992.95 96.50 96.5 0 1.05 51.17
11-06-2019 2981.70 -11.25 0 11.25 1.65 62.29
12-06-2019 2993.30 11.60 11.6 0 2.09 67.66
13-06-2019 2985.95 -7.35 0 7.35 1.70 62.99
14-06-2019 2959.65 -26.30 0 26.3 1.16 53.65
 3200.00 120

3100.00
100
3000.00
80
2900.00

2800.00 60 Close Price

RSI
2700.00
40
2600.00
20
2500.00

2400.00 0
01/03/2019 01/04/2019 01/05/2019 01/06/2019

Interpretation:

The RSI Indicator shows the overbought and oversold regions. The oversold point is when the
RSI is 30 and anything above 30. The overbought point is when RSI is 70 and crosses anything
below 70. When the RSI crosses above the oversold line (30) it is a buy signal for the traders,
it is advisable to buy the shares. When the RSI crosses below the overbought line (70) it is a
sell signal.

HUL

Date Close Price change Gain Loss RS RSI

01-03-2019 1734.95
05-03-2019 1724.20 -10.75 0 10.75
06-03-2019 1700.40 -23.80 0 23.8
07-03-2019 1703.35 2.95 2.95 0
08-03-2019 1701.00 -2.35 0 2.35
11-03-2019 1714.25 13.25 13.25 0
12-03-2019 1734.10 19.85 19.85 0
13-03-2019 1746.15 12.05 12.05 0 0.98 49.42
14-03-2019 1737.35 -8.80 0 8.8 1.30 56.59
15-03-2019 1698.65 -38.70 0 38.7 1.38 57.92
18-03-2019 1697.45 -1.20 0 1.2 0.96 49.11
19-03-2019 1699.60 2.15 2.15 0 0.88 46.93
20-03-2019 1689.20 -10.40 0 10.4 0.97 49.27
22-03-2019 1678.55 -10.65 0 10.65 0.58 36.55
25-03-2019 1673.00 -5.55 0 5.55 0.20 16.91
26-03-2019 1683.70 10.70 10.7 0 0.03 2.78
27-03-2019 1680.05 -3.65 0 3.65 0.19 16.19
28-03-2019 1684.30 4.25 4.25 0 0.41 29.01
29-03-2019 1707.80 23.50 23.5 0 0.57 36.11
01-04-2019 1690.00 -17.80 0 17.8 1.27 55.97
02-04-2019 1686.50 -3.50 0 3.5 1.02 50.53
03-04-2019 1671.85 -14.65 0 14.65 1.26 55.77
04-04-2019 1668.00 -3.85 0 3.85 0.97 49.26
05-04-2019 1659.70 -8.30 0 8.3 0.64 38.97
08-04-2019 1665.05 5.35 5.35 0 0.58 36.59
09-04-2019 1678.70 13.65 13.65 0 0.60 37.49
10-04-2019 1691.75 13.05 13.05 0 0.40 28.32
11-04-2019 1707.50 15.75 15.75 0 1.06 51.40
12-04-2019 1720.85 13.35 13.35 0 1.78 64.08
15-04-2019 1721.75 0.90 0.9 0 5.03 83.42
16-04-2019 1738.40 16.65 16.65 0 7.48 88.20
18-04-2019 1737.45 -0.95 0 0.95 0.00 0.00
22-04-2019 1739.75 2.30 2.3 0 77.21 98.72
23-04-2019 1740.80 1.05 1.05 0 65.26 98.49
24-04-2019 1752.75 11.95 11.95 0 52.63 98.14
25-04-2019 1732.15 -20.60 0 20.6 48.63 97.99
26-04-2019 1743.75 11.60 11.6 0 1.52 60.39
30-04-2019 1753.95 10.20 10.2 0 2.02 66.90
02-05-2019 1728.05 -25.90 0 25.9 1.72 63.26
03-05-2019 1692.80 -35.25 0 35.25 0.80 44.38
06-05-2019 1672.35 -20.45 0 20.45 0.43 29.86
07-05-2019 1695.25 22.90 22.9 0 0.33 24.83
08-05-2019 1684.85 -10.40 0 10.4 0.44 30.43
09-05-2019 1699.45 14.60 14.6 0 0.49 32.70
10-05-2019 1687.10 -12.35 0 12.35 0.52 34.14
13-05-2019 1701.75 14.65 14.65 0 0.36 26.44
14-05-2019 1694.40 -7.35 0 7.35 0.66 39.93
15-05-2019 1671.00 -23.40 0 23.4 1.03 50.78
16-05-2019 1686.15 15.15 15.15 0 0.97 49.36
17-05-2019 1735.75 49.60 49.6 0 0.83 45.35
20-05-2019 1772.55 36.80 36.8 0 2.18 68.56
21-05-2019 1783.50 10.95 10.95 0 2.70 72.94
22-05-2019 1766.15 -17.35 0 17.35 4.13 80.53
23-05-2019 1750.95 -15.20 0 15.2 2.34 70.05
24-05-2019 1749.20 -1.75 0 1.75 2.01 66.79
27-05-2019 1768.55 19.35 19.35 0 3.28 76.63
28-05-2019 1773.50 4.95 4.95 0 3.40 77.28
29-05-2019 1778.35 4.85 4.85 0 2.10 67.75
 30-05-2019 1784.00 5.65 5.65 0 1.17 53.90
31-05-2019 1785.15 1.15 1.15 0 1.01 50.36
03-06-2019 1837.00 51.85 51.85 0 2.12 67.96
04-06-2019 1816.10 -20.90 0 20.9 50.17 98.05
06-06-2019 1837.70 21.60 21.6 0 4.20 80.77
07-06-2019 1831.60 -6.10 0 6.1 4.31 81.16
10-06-2019 1849.25 17.65 17.65 0 3.15 75.91
11-06-2019 1841.75 -7.50 0 7.5 3.63 78.38
12-06-2019 1844.70 2.95 2.95 0 2.67 72.78
13-06-2019 1843.80 -0.90 0 0.9 2.73 73.16
14-06-2019 1824.95 -18.85 0 18.85 1.19 54.38

1900.00 120

1850.00 100
1800.00
80
1750.00
60
1700.00 Close Price
40
1650.00 RSI

1600.00 20

1550.00 0

Interpretation:

The RSI Indicator shows the overbought and oversold regions. The oversold point is when the
RSI is 30 and anything above 30. The overbought point is when RSI is 70 and crosses anything
below 70. When the RSI crosses above the oversold line (30) it is a buy signal for the traders,
it is advisable to buy the shares. When the RSI crosses below the overbought line (70) it is a
sell signal.

P&G

Date Close Price change Gain Loss RS RSI

01-03-2019 10916.70
05-03-2019 10976.05 59.35 59.35 0.00
06-03-2019 10704.20 -271.85 0.00 271.85
07-03-2019 10399.85 -304.35 0.00 304.35
08-03-2019 10339.55 -60.30 0.00 60.30
11-03-2019 10239.20 -100.35 0.00 100.35
12-03-2019 10468.10 228.90 228.90 0.00
13-03-2019 10389.50 -78.60 0.00 78.60 0.39 28.12
14-03-2019 10287.00 -102.50 0.00 102.50 0.35 26.12
15-03-2019 10294.35 7.35 7.35 0.00 0.25 19.96
18-03-2019 10297.85 3.50 3.50 0.00 0.37 26.78
19-03-2019 10334.40 36.55 36.55 0.00 0.70 41.23
20-03-2019 10304.00 -30.40 0.00 30.40 0.98 49.54
22-03-2019 10416.80 112.80 112.80 0.00 1.31 56.64
25-03-2019 10395.70 -21.10 0.00 21.10 0.76 43.10
26-03-2019 10346.45 -49.25 0.00 49.25 1.04 50.99
27-03-2019 10648.90 302.45 302.45 0.00 1.59 61.39
28-03-2019 10746.45 97.55 97.55 0.00 4.52 81.88
29-03-2019 10745.90 -0.55 0.00 0.55 5.45 84.50
01-04-2019 10834.80 88.90 88.90 0.00 5.06 83.50
02-04-2019 10748.55 -86.25 0.00 86.25 8.49 89.46
03-04-2019 10796.40 47.85 47.85 0.00 3.11 75.68
04-04-2019 10684.90 -111.50 0.00 111.50 3.95 79.78
05-04-2019 10683.30 -1.60 0.00 1.60 2.71 73.02
08-04-2019 10726.35 43.05 43.05 0.00 1.17 53.96
09-04-2019 10704.45 -21.90 0.00 21.90 0.90 47.35
10-04-2019 10729.55 25.10 25.10 0.00 0.81 44.83
11-04-2019 10676.00 -53.55 0.00 53.55 0.52 34.40
12-04-2019 10664.80 -11.20 0.00 11.20 0.62 38.09
15-04-2019 10675.45 10.65 10.65 0.00 0.34 25.44
16-04-2019 10695.55 20.10 20.10 0.00 0.89 47.17
18-04-2019 10720.90 25.35 25.35 0.00 1.14 53.30
22-04-2019 10591.60 -129.30 0.00 129.30 0.94 48.38
23-04-2019 10542.75 -48.85 0.00 48.85 0.42 29.50
24-04-2019 10497.05 -45.70 0.00 45.70 0.23 18.76
25-04-2019 10611.05 114.00 114.00 0.00 0.24 19.27
26-04-2019 10284.40 -326.65 0.00 326.65 0.76 43.18
30-04-2019 10160.20 -124.20 0.00 124.20 0.29 22.46
02-05-2019 10253.25 93.05 93.05 0.00 0.21 17.12
03-05-2019 10369.90 116.65 116.65 0.00 0.31 23.48
06-05-2019 10340.65 -29.25 0.00 29.25 0.59 37.25
07-05-2019 10311.25 -29.40 0.00 29.40 0.62 38.10
08-05-2019 10416.45 105.20 105.20 0.00 0.64 38.85
09-05-2019 10361.30 -55.15 0.00 55.15 0.62 38.20
10-05-2019 10353.90 -7.40 0.00 7.40 1.32 56.95
 13-05-2019 10580.40 226.50 226.50 0.00 2.60 72.21
14-05-2019 10546.35 -34.05 0.00 34.05 3.70 78.72
15-05-2019 10475.60 -70.75 0.00 70.75 2.14 68.12
16-05-2019 10558.60 83.00 83.00 0.00 1.69 62.77
17-05-2019 10494.70 -63.90 0.00 63.90 2.48 71.25
20-05-2019 10799.15 304.45 304.45 0.00 1.34 57.24
21-05-2019 10803.90 4.75 4.75 0.00 3.49 77.71
22-05-2019 10766.75 -37.15 0.00 37.15 3.67 78.58
23-05-2019 10677.55 -89.20 0.00 89.20 1.91 65.58
24-05-2019 10939.75 262.20 262.20 0.00 1.50 60.04
27-05-2019 10932.95 -6.80 0.00 6.80 3.44 77.48
28-05-2019 10941.65 8.70 8.70 0.00 2.90 74.36
29-05-2019 10910.60 -31.05 0.00 31.05 4.36 81.33
30-05-2019 10974.55 63.95 63.95 0.00 1.68 62.67
31-05-2019 10992.15 17.60 17.60 0.00 2.04 67.10
03-06-2019 10994.10 1.95 1.95 0.00 2.77 73.50
04-06-2019 10879.75 -114.35 0.00 114.35 9.36 90.35
06-06-2019 10707.30 -172.45 0.00 172.45 0.61 37.73
07-06-2019 10873.10 165.80 165.80 0.00 0.29 22.49
10-06-2019 10941.30 68.20 68.20 0.00 0.78 43.96
11-06-2019 10955.85 14.55 14.55 0.00 1.11 52.54
12-06-2019 11046.50 90.65 90.65 0.00 0.93 48.32
13-06-2019 11035.90 -10.60 0.00 10.60 1.19 54.33
14-06-2019 11006.80 -29.10 0.00 29.10 1.14 53.28

11200.00 100
11000.00 90
80
10800.00
70
10600.00 60
10400.00 50
40 Close Price
10200.00
30 RSI
10000.00
20
9800.00 10
9600.00 0

Interpretation:
The RSI Indicator shows the overbought and oversold regions. The oversold point is when the
RSI is 30 and anything above 30. The overbought point is when RSI is 70 and crosses anything
below 70. When the RSI crosses above the oversold line (30) it is a buy signal for the traders,
it is advisable to buy the shares. When the RSI crosses below the overbought line (70) it is a
sell signal.

Automobile Sector:

Bajaj Auto

Date Close Price change Gain Loss RS RSI

01-03-2019 2862.90
05-03-2019 2906.60
43.70 43.70 0.00
06-03-2019 2927.35
20.75 20.75 0.00
07-03-2019 2909.95
-17.40 0.00 17.40
08-03-2019 2955.90
45.95 45.95 0.00
11-03-2019 3004.40
48.50 48.50 0.00
12-03-2019 2991.35
-13.05 0.00 13.05
13-03-2019 3008.40
17.05 17.05 0.00 5.22 83.92
14-03-2019 3010.50
2.10 2.10 0.00 5.78 85.25
15-03-2019 3022.30
11.80 11.80 0.00 4.41 81.52
18-03-2019 3004.20
-18.10 0.00 18.10 4.12 80.46
19-03-2019 2980.25
-23.95 0.00 23.95 4.03 80.10
20-03-2019 2948.10
-32.15 0.00 32.15 1.44 59.05
22-03-2019 2949.40
1.30 1.30 0.00 0.35 26.18
25-03-2019 2958.10
8.70 8.70 0.00 0.43 30.30
26-03-2019 2951.30
-6.80 0.00 6.80 0.32 24.36
27-03-2019 2986.70
35.40 35.40 0.00 0.27 21.21
28-03-2019 2941.15
-45.55 0.00 45.55 0.56 35.92
29-03-2019 2915.05
-26.10 0.00 26.10 0.42 29.51
01-04-2019 2917.50
2.45 2.45 0.00 0.41 29.10
02-04-2019 2855.10
-62.40 0.00 62.40 0.61 37.89
03-04-2019 2848.90
-6.20 0.00 6.20 0.33 24.84
04-04-2019 2866.65
17.75 17.75 0.00 0.26 20.47
05-04-2019 2860.80
-5.85 0.00 5.85 0.40 28.39
08-04-2019 2852.50
-8.30 0.00 8.30 0.14 12.15
09-04-2019 2918.50
66.00 66.00 0.00 0.19 15.65
10-04-2019 2935.10
16.60 16.60 0.00 1.04 51.02
11-04-2019 2986.90
51.80 51.80 0.00 1.21 54.81
12-04-2019 3006.45
19.55 19.55 0.00 7.48 88.20
15-04-2019 3034.10
27.65 27.65 0.00 12.13 92.39
16-04-2019 3069.40
35.30 35.30 0.00 12.83 92.77
18-04-2019 3063.00
-6.40 0.00 6.40 26.13 96.31
22-04-2019 3050.45
-12.55 0.00 12.55 33.89 97.13
23-04-2019 3035.70
-14.75 0.00 14.75 7.96 88.84
24-04-2019 3076.25
40.55 40.55 0.00 3.99 79.94
25-04-2019 3078.05
1.80 1.80 0.00 3.65 78.50
26-04-2019 3047.75
-30.30 0.00 30.30 3.12 75.76
30-04-2019 2993.25
-54.50 0.00 54.50 1.21 54.82
02-05-2019 3032.45
39.20 39.20 0.00 0.36 26.33
03-05-2019 3060.65
28.20 28.20 0.00 0.73 42.11
06-05-2019 3030.00
-30.65 0.00 30.65 1.10 52.44
07-05-2019 3033.65
3.65 3.65 0.00 0.95 48.73
08-05-2019 2963.20
-70.45 0.00 70.45 0.63 38.69
09-05-2019 2987.70
24.50 24.50 0.00 0.38 27.65
10-05-2019 2971.05
-16.65 0.00 16.65 0.61 38.04
13-05-2019 2972.45
1.40 1.40 0.00 0.81 44.80
14-05-2019 2936.40
-36.05 0.00 36.05 0.49 32.91
15-05-2019 2916.45
-19.95 0.00 19.95 0.19 16.12
16-05-2019 2944.65
28.20 28.20 0.00 0.21 17.12
17-05-2019 3041.80
97.15 97.15 0.00 0.38 27.43
20-05-2019 3005.85
-35.95 0.00 35.95 2.08 67.55
21-05-2019 2980.75
-25.10 0.00 25.10 1.17 53.86
22-05-2019 3049.70
68.95 68.95 0.00 1.08 51.99
23-05-2019 3067.75
18.05 18.05 0.00 1.66 62.41
24-05-2019 3077.30
9.55 9.55 0.00 2.62 72.39
27-05-2019 3064.60
-12.70 0.00 12.70 3.63 78.42
28-05-2019 2992.70
-71.90 0.00 71.90 2.63 72.42
29-05-2019 2925.30
-67.40 0.00 67.40 0.66 39.86
30-05-2019 2945.35
20.05 20.05 0.00 0.55 35.28
31-05-2019 2925.25
-20.10 0.00 20.10 0.77 43.41
03-06-2019 3039.90
114.65 114.65 0.00 0.28 21.68
04-06-2019 2989.55
-50.35 0.00 50.35 0.84 45.60
06-06-2019 2990.60
1.05 1.05 0.00 0.61 37.72
07-06-2019 2964.05
-26.55 0.00 26.55 0.65 39.29
10-06-2019 2984.90
20.85 20.85 0.00 0.83 45.23
11-06-2019 2990.40
5.50 5.50 0.00 1.61 61.75
12-06-2019 2949.25
-41.15 0.00 41.15 1.46 59.42
13-06-2019 2925.80
-23.45 0.00 23.45 1.20 54.61
14-06-2019 2870.30
-55.50 0.00 55.50 0.19 16.22
 3100.00 120
3050.00
100
3000.00
80
2950.00
2900.00 60
Close Price
2850.00
40
RSI
2800.00
20
2750.00
2700.00 0

Interpretation:

The RSI Indicator shows the overbought and oversold regions. The oversold point is when the
RSI is 30 and anything above 30. The overbought point is when RSI is 70 and crosses anything
below 70. When the RSI crosses above the oversold line (30) it is a buy signal for the traders,
it is advisable to buy the shares. When the RSI crosses below the overbought line (70) it is a
sell signal.

Maruti Suzuki

Date Close Price change Gain Loss RS RSI

01-03-2019 6933.20
05-03-2019 7114.50 181.30 181.30 0.00
06-03-2019 7058.95 -55.55 0.00 55.55
07-03-2019 7030.65 -28.30 0.00 28.30
08-03-2019 6972.85 -57.80 0.00 57.80
11-03-2019 7090.40 117.55 117.55 0.00
12-03-2019 7153.95 63.55 63.55 0.00
13-03-2019 7086.05 -67.90 0.00 67.90 2.56 71.90
14-03-2019 7086.80 0.75 0.75 0.00 1.73 63.36
15-03-2019 7092.05 5.25 5.25 0.00 0.87 46.46
18-03-2019 6910.35 -181.70 0.00 181.70 1.21 54.85
19-03-2019 6832.55 -77.80 0.00 77.80 0.61 37.84
20-03-2019 6680.80 -151.75 0.00 151.75 0.57 36.37
22-03-2019 6558.00 -122.80 0.00 122.80 0.15 12.68
25-03-2019 6523.45 -34.55 0.00 34.55 0.01 0.99
26-03-2019 6578.80 55.35 55.35 0.00 0.01 1.04
27-03-2019 6522.25 -56.55 0.00 56.55 0.11 9.63
28-03-2019 6585.70 63.45 63.45 0.00 0.09 8.13
29-03-2019 6671.70 86.00 86.00 0.00 0.27 21.13
01-04-2019 6842.85 171.15 171.15 0.00 0.56 35.90
02-04-2019 6882.85 40.00 40.00 0.00 1.76 63.74
03-04-2019 7074.10 191.25 191.25 0.00 4.57 82.03
04-04-2019 7114.25 40.15 40.15 0.00 10.74 91.48
05-04-2019 7106.70 -7.55 0.00 7.55 10.47 91.28
08-04-2019 7119.85 13.15 13.15 0.00 78.41 98.74
09-04-2019 7218.35 98.50 98.50 0.00 71.75 98.63
10-04-2019 7184.10 -34.25 0.00 34.25 73.40 98.66
11-04-2019 7179.30 -4.80 0.00 4.80 9.16 90.16
12-04-2019 7332.15 152.85 152.85 0.00 7.36 88.04
15-04-2019 7336.55 4.40 4.40 0.00 6.54 86.73
16-04-2019 7464.35 127.80 127.80 0.00 5.77 85.23
18-04-2019 7441.10 -23.25 0.00 23.25 10.16 91.04
22-04-2019 7305.45 -135.65 0.00 135.65 6.16 86.03
23-04-2019 7042.65 -262.80 0.00 262.80 1.44 59.02
24-04-2019 7024.35 -18.30 0.00 18.30 0.67 40.06
25-04-2019 6902.95 -121.40 0.00 121.40 0.65 39.31
26-04-2019 6832.15 -70.80 0.00 70.80 0.24 19.06
30-04-2019 6658.70 -173.45 0.00 173.45 0.20 16.82
02-05-2019 6668.35 9.65 9.65 0.00 0.00 0.00
03-05-2019 6710.90 42.55 42.55 0.00 0.01 1.22
06-05-2019 6710.15 -0.75 0.00 0.75 0.08 7.47
07-05-2019 6698.50 -11.65 0.00 11.65 0.14 11.95
08-05-2019 6631.75 -66.75 0.00 66.75 0.14 12.13
09-05-2019 6625.25 -6.50 0.00 6.50 0.16 13.90
10-05-2019 6624.25 -1.00 0.00 1.00 0.20 16.77
13-05-2019 6525.30 -98.95 0.00 98.95 0.60 37.59
14-05-2019 6569.55 44.25 44.25 0.00 0.23 18.65
15-05-2019 6484.95 -84.60 0.00 84.60 0.24 19.25
16-05-2019 6478.45 -6.50 0.00 6.50 0.16 14.11
17-05-2019 6707.20 228.75 228.75 0.00 0.17 14.34
20-05-2019 7088.35 381.15 381.15 0.00 1.38 58.02
21-05-2019 6857.80 -230.55 0.00 230.55 3.42 77.40
22-05-2019 6904.10 46.30 46.30 0.00 1.56 60.87
23-05-2019 6932.80 28.70 28.70 0.00 2.18 68.53
24-05-2019 7096.15 163.35 163.35 0.00 2.13 68.04
27-05-2019 7062.70 -33.45 0.00 33.45 3.58 78.16
 28-05-2019 7051.40 -11.30 0.00 11.30 3.21 76.26
29-05-2019 6887.05 -164.35 0.00 164.35 2.25 69.23
30-05-2019 6858.75 -28.30 0.00 28.30 0.54 35.15
31-05-2019 6863.65 4.90 4.90 0.00 1.00 50.10
03-06-2019 7032.60 168.95 168.95 0.00 0.83 45.34
04-06-2019 7049.60 17.00 17.00 0.00 1.42 58.68
06-06-2019 6983.90 -65.70 0.00 65.70 0.80 44.57
07-06-2019 6947.60 -36.30 0.00 36.30 0.71 41.44
10-06-2019 6960.10 12.50 12.50 0.00 0.65 39.31
11-06-2019 6973.00 12.90 12.90 0.00 1.56 60.95
12-06-2019 6848.50 -124.50 0.00 124.50 2.12 67.95
13-06-2019 6778.20 -70.30 0.00 70.30 0.93 48.27
14-06-2019 6731.75 -46.45 0.00 46.45 0.14 12.50

7600.00 120

7400.00
100
7200.00

7000.00 80

6800.00
60 Close Price
6600.00
RSI
6400.00 40

6200.00
20
6000.00

5800.00 0
01/03/2019 01/04/2019 01/05/2019 01/06/2019

Interpretation:

The RSI Indicator shows the overbought and oversold regions. The oversold point is when the
RSI is 30 and anything above 30. The overbought point is when RSI is 70 and crosses anything
below 70. When the RSI crosses above the oversold line (30) it is a buy signal for the traders,
it is advisable to buy the shares. When the RSI crosses below the overbought line (70) it is a
sell signal.

Tata Motors

Date Close Price change Gain Loss RS RSI

01-03-2019 180.10
05-03-2019 194.00 13.90 13.90 0.00
06-03-2019 188.55 -5.45 0.00 5.45
07-03-2019 189.20 0.65 0.65 0.00
08-03-2019 181.65 -7.55 0.00 7.55
11-03-2019 182.15 0.50 0.50 0.00
12-03-2019 184.75 2.60 2.60 0.00
13-03-2019 181.60 -3.15 0.00 3.15 1.36 57.59
14-03-2019 179.70 -1.90 0.00 1.90 1.09 52.22
15-03-2019 180.20 0.50 0.50 0.00 0.21 17.20
18-03-2019 182.30 2.10 2.10 0.00 0.34 25.22
19-03-2019 182.80 0.50 0.50 0.00 0.45 31.15
20-03-2019 179.85 -2.95 0.00 2.95 1.23 55.11
22-03-2019 175.40 -4.45 0.00 4.45 0.71 41.61
25-03-2019 171.35 -4.05 0.00 4.05 0.25 19.94
26-03-2019 173.10 1.75 1.75 0.00 0.23 18.84
27-03-2019 169.90 -3.20 0.00 3.20 0.42 29.75
28-03-2019 170.60 0.70 0.70 0.00 0.30 22.89
29-03-2019 174.30 3.70 3.70 0.00 0.20 16.76
01-04-2019 187.15 12.85 12.85 0.00 0.42 29.57
02-04-2019 202.80 15.65 15.65 0.00 1.62 61.89
03-04-2019 201.10 -1.70 0.00 1.70 4.78 82.70
04-04-2019 206.10 5.00 5.00 0.00 7.07 87.61
05-04-2019 205.75 -0.35 0.00 0.35 7.73 88.55
08-04-2019 200.65 -5.10 0.00 5.10 18.49 94.87
09-04-2019 206.00 5.35 5.35 0.00 5.20 83.88
10-04-2019 215.65 9.65 9.65 0.00 5.43 84.46
11-04-2019 218.20 2.55 2.55 0.00 4.99 83.29
12-04-2019 215.85 -2.35 0.00 2.35 3.15 75.93
15-04-2019 231.05 15.20 15.20 0.00 2.89 74.30
16-04-2019 230.55 -0.50 0.00 0.50 4.20 80.76
18-04-2019 235.90 5.35 5.35 0.00 4.12 80.47
22-04-2019 234.65 -1.25 0.00 1.25 13.37 93.04
23-04-2019 231.40 -3.25 0.00 3.25 7.99 88.87
24-04-2019 223.70 -7.70 0.00 7.70 3.14 75.86
25-04-2019 221.70 -2.00 0.00 2.00 1.37 57.72
26-04-2019 215.40 -6.30 0.00 6.30 1.40 58.30
30-04-2019 214.20 -1.20 0.00 1.20 0.25 20.30
02-05-2019 207.15 -7.05 0.00 7.05 0.25 19.78
03-05-2019 209.50 2.35 2.35 0.00 0.00 0.00
06-05-2019 200.10 -9.40 0.00 9.40 0.09 7.87
07-05-2019 190.90 -9.20 0.00 9.20 0.07 6.53
08-05-2019 185.55 -5.35 0.00 5.35 0.07 6.27
 09-05-2019 185.80 0.25 0.25 0.00 0.06 5.75
10-05-2019 186.00 0.20 0.20 0.00 0.08 7.47
13-05-2019 180.25 -5.75 0.00 5.75 0.09 8.28
14-05-2019 184.35 4.10 4.10 0.00 0.09 8.62
15-05-2019 169.60 -14.75 0.00 14.75 0.15 13.28
16-05-2019 175.50 5.90 5.90 0.00 0.13 11.49
17-05-2019 176.70 1.20 1.20 0.00 0.40 28.79
20-05-2019 190.00 13.30 13.30 0.00 0.57 36.24
21-05-2019 176.60 -13.40 0.00 13.40 1.20 54.65
22-05-2019 179.45 2.85 2.85 0.00 0.72 41.95
23-05-2019 175.00 -4.45 0.00 4.45 0.97 49.28
24-05-2019 182.15 7.15 7.15 0.00 0.71 41.63
27-05-2019 181.35 -0.80 0.00 0.80 1.70 63.01
28-05-2019 180.75 -0.60 0.00 0.60 1.31 56.78
29-05-2019 176.30 -4.45 0.00 4.45 1.21 54.76
30-05-2019 175.05 -1.25 0.00 1.25 0.42 29.67
31-05-2019 172.50 -2.55 0.00 2.55 0.87 46.40
03-06-2019 174.55 2.05 2.05 0.00 0.51 33.65
04-06-2019 173.40 -1.15 0.00 1.15 0.95 48.81
06-06-2019 169.80 -3.60 0.00 3.60 0.19 15.95
07-06-2019 169.40 -0.40 0.00 0.40 0.15 13.10
10-06-2019 166.15 -3.25 0.00 3.25 0.15 13.27
11-06-2019 170.65 4.50 4.50 0.00 0.17 14.39
12-06-2019 169.00 -1.65 0.00 1.65 0.60 37.43
13-06-2019 167.40 -1.60 0.00 1.60 0.65 39.46
14-06-2019 164.10 -3.30 0.00 3.30 0.39 27.86

250.00 100
90
200.00 80
70
150.00 60
50 Close Price

100.00 40 RSI

30
50.00 20
10
0.00 0
01/03/2019 01/04/2019 01/05/2019 01/06/2019
Interpretation:

The RSI Indicator shows the overbought and oversold regions. The oversold point is when the
RSI is 30 and anything above 30. The overbought point is when RSI is 70 and crosses anything
below 70. When the RSI crosses above the oversold line (30) it is a buy signal for the traders,
it is advisable to buy the shares. When the RSI crosses below the overbought line (70) it is a
sell signal.

IT Sector:

Infosys

Close
Date Price change Gain Loss RS RSI
01-03-2019 741.15
05-03-2019 732.60 -8.55 0 8.55
06-03-2019 732.20 -0.40 0 0.4
07-03-2019 723.25 -8.95 0 8.95
08-03-2019 712.55 -10.70 0 10.7
11-03-2019 711.65 -0.90 0 0.9
12-03-2019 706.90 -4.75 0 4.75
13-03-2019 709.15 2.25 2.25 0 0.00 0.00
14-03-2019 708.35 -0.80 0 0.8 0.07 6.16
15-03-2019 718.85 10.50 10.5 0 0.08 7.83
18-03-2019 709.75 -9.10 0 9.1 0.49 32.82
19-03-2019 721.50 11.75 11.75 0 0.49 32.69
20-03-2019 738.50 17.00 17 0 1.58 61.17
22-03-2019 742.15 3.65 3.65 0 2.83 73.91
25-03-2019 735.80 -6.35 0 6.35 4.56 82.02
26-03-2019 726.75 -9.05 0 9.05 2.64 72.53
27-03-2019 729.05 2.30 2.3 0 1.75 63.65
28-03-2019 738.50 9.45 9.45 0 1.42 58.61
29-03-2019 742.30 3.80 3.8 0 2.87 74.14
01-04-2019 755.65 13.35 13.35 0 2.35 70.16
02-04-2019 757.10 1.45 1.45 0 2.11 67.88
03-04-2019 754.05 -3.05 0 3.05 1.97 66.34
04-04-2019 748.25 -5.80 0 5.8 2.51 71.50
05-04-2019 756.25 8.00 8 0 3.43 77.42
08-04-2019 767.15 10.90 10.9 0 4.07 80.29
09-04-2019 759.85 -7.30 0 7.3 4.24 80.91
10-04-2019 754.15 -5.70 0 5.7 2.09 67.60
11-04-2019 743.15 -11.00 0 11 0.93 48.22
12-04-2019 747.85 4.70 4.7 0 0.58 36.52
15-04-2019 726.65 -21.20 0 21.2 0.79 44.19
16-04-2019 723.85 -2.80 0 2.8 0.52 34.30
18-04-2019 716.40 -7.45 0 7.45 0.33 24.53
22-04-2019 720.60 4.20 4.2 0 0.08 7.81
23-04-2019 727.85 7.25 7.25 0 0.18 15.60
24-04-2019 736.40 8.55 8.55 0 0.38 27.56
25-04-2019 728.75 -7.65 0 7.65 0.79 43.99
26-04-2019 737.10 8.35 8.35 0 0.51 33.84
30-04-2019 749.95 12.85 12.85 0 1.58 61.30
02-05-2019 729.85 -20.10 0 20.1 2.73 73.18
03-05-2019 723.75 -6.10 0 6.1 1.48 59.75
06-05-2019 717.85 -5.90 0 5.9 1.09 52.22
07-05-2019 723.55 5.70 5.7 0 0.75 42.81
08-05-2019 718.10 -5.45 0 5.45 0.68 40.36
09-05-2019 721.05 2.95 2.95 0 0.72 41.74
10-05-2019 716.05 -5.00 0 5 0.57 36.41
13-05-2019 720.05 4.00 4 0 0.20 16.89
14-05-2019 713.85 -6.20 0 6.2 0.56 36.04
15-05-2019 716.50 2.65 2.65 0 0.56 35.94
16-05-2019 734.20 17.70 17.7 0 0.92 47.89
17-05-2019 723.80 -10.40 0 10.4 1.64 62.12
20-05-2019 722.40 -1.40 0 1.4 1.26 55.83
21-05-2019 709.20 -13.20 0 13.2 1.06 51.43
22-05-2019 709.20 0.00 0 0 0.78 43.83
23-05-2019 701.25 -7.95 0 7.95 0.65 39.48
24-05-2019 709.45 8.20 8.2 0 0.62 38.18
27-05-2019 709.10 -0.35 0 0.35 0.79 44.01
28-05-2019 726.65 17.55 17.55 0 0.25 19.76
29-05-2019 727.35 0.70 0.7 0 1.12 52.93
30-05-2019 733.30 5.95 5.95 0 1.23 55.16
31-05-2019 736.85 3.55 3.55 0 3.90 79.61
03-06-2019 744.65 7.80 7.8 0 4.33 81.24
04-06-2019 734.70 -9.95 0 9.95 125.00 99.21
06-06-2019 737.95 3.25 3.25 0 3.45 77.54
07-06-2019 739.35 1.40 1.4 0 3.90 79.59
10-06-2019 753.60 14.25 14.25 0 2.28 69.48
11-06-2019 754.85 1.25 1.25 0 3.64 78.44
12-06-2019 753.95 -0.90 0 0.9 3.17 76.00
13-06-2019 742.70 -11.25 0 11.25 2.58 72.04
14-06-2019 740.40 -2.30 0 2.3 0.91 47.69
 780.00 120

760.00 100

740.00 80

720.00 60
Close Price
700.00 40
RSI
680.00 20

660.00 0

Interpretation:

The RSI Indicator shows the overbought and oversold regions. The oversold point is when the
RSI is 30 and anything above 30. The overbought point is when RSI is 70 and crosses anything
below 70. When the RSI crosses above the oversold line (30) it is a buy signal for the traders,
it is advisable to buy the shares. When the RSI crosses below the overbought line (70) it is a
sell signal.

TCS

Date Close Price change Gain Loss RS RSI

01-03-2019 1991.65
05-03-2019 1987.85 -3.80 0.00 3.80
06-03-2019 1999.40 11.55 11.55 0.00
07-03-2019 2011.50 12.10 12.10 0.00
08-03-2019 2022.30 10.80 10.80 0.00
11-03-2019 2014.10 -8.20 0.00 8.20
12-03-2019 2012.55 -1.55 0.00 1.55
13-03-2019 2001.15 -11.40 0.00 11.40 2.54 71.77
14-03-2019 1988.60 -12.55 0.00 12.55 1.38 58.00
15-03-2019 2040.20 51.60 51.60 0.00 1.02 50.55
18-03-2019 2021.30 -18.90 0.00 18.90 2.21 68.85
19-03-2019 2024.70 3.40 3.40 0.00 1.19 54.26
20-03-2019 2015.50 -9.20 0.00 9.20 1.05 51.12
22-03-2019 2004.65 -10.85 0.00 10.85 1.03 50.64
25-03-2019 1986.90 -17.75 0.00 17.75 0.87 46.65
26-03-2019 1981.80 -5.10 0.00 5.10 0.79 44.27
27-03-2019 1968.20 -13.60 0.00 13.60 0.89 47.09
28-03-2019 2000.45 32.25 32.25 0.00 0.05 4.31
29-03-2019 2000.40 -0.05 0.00 0.05 0.63 38.69
01-04-2019 2031.30 30.90 30.90 0.00 0.57 36.32
02-04-2019 2079.50 48.20 48.20 0.00 1.33 57.15
03-04-2019 2080.25 0.75 0.75 0.00 3.05 75.31
04-04-2019 2014.30 -65.95 0.00 65.95 5.98 85.67
05-04-2019 2051.45 37.15 37.15 0.00 1.41 58.48
08-04-2019 2069.75 18.30 18.30 0.00 2.26 69.34
09-04-2019 2088.10 18.35 18.35 0.00 2.05 67.21
10-04-2019 2043.80 -44.30 0.00 44.30 2.33 69.97
11-04-2019 2019.05 -24.75 0.00 24.75 1.11 52.68
12-04-2019 2013.75 -5.30 0.00 5.30 0.55 35.58
15-04-2019 2110.05 96.30 96.30 0.00 0.53 34.47
16-04-2019 2132.45 22.40 22.40 0.00 2.29 69.58
18-04-2019 2145.50 13.05 13.05 0.00 2.09 67.63
22-04-2019 2164.35 18.85 18.85 0.00 2.02 66.87
23-04-2019 2157.70 -6.65 0.00 6.65 2.03 66.95
24-04-2019 2185.45 27.75 27.75 0.00 4.10 80.41
25-04-2019 2191.70 6.25 6.25 0.00 14.92 93.72
26-04-2019 2238.30 46.60 46.60 0.00 27.76 96.52
30-04-2019 2254.95 16.65 16.65 0.00 20.29 95.30
02-05-2019 2214.40 -40.55 0.00 40.55 19.42 95.10
03-05-2019 2132.50 -81.90 0.00 81.90 2.46 71.10
06-05-2019 2154.70 22.20 22.20 0.00 0.75 42.96
07-05-2019 2150.35 -4.35 0.00 4.35 0.98 49.38
08-05-2019 2152.65 2.30 2.30 0.00 0.72 41.97
09-05-2019 2168.70 16.05 16.05 0.00 0.69 40.90
10-05-2019 2135.55 -33.15 0.00 33.15 0.45 31.09
13-05-2019 2131.10 -4.45 0.00 4.45 0.25 20.22
14-05-2019 2094.35 -36.75 0.00 36.75 0.33 24.67
15-05-2019 2094.50 0.15 0.15 0.00 0.52 34.00
16-05-2019 2109.45 14.95 14.95 0.00 0.24 19.03
17-05-2019 2096.35 -13.10 0.00 13.10 0.45 31.03
20-05-2019 2139.30 42.95 42.95 0.00 0.36 26.26
21-05-2019 2109.20 -30.10 0.00 30.10 0.66 39.90
22-05-2019 2082.75 -26.45 0.00 26.45 0.69 40.75
23-05-2019 2053.75 -29.00 0.00 29.00 0.55 35.30
24-05-2019 2049.65 -4.10 0.00 4.10 0.59 37.05
27-05-2019 2053.80 4.15 4.15 0.00 0.56 36.04
28-05-2019 2075.00 21.20 21.20 0.00 0.46 31.43
29-05-2019 2105.25 30.25 30.25 0.00 0.76 43.24
30-05-2019 2145.40 40.15 40.15 0.00 0.62 38.28
31-05-2019 2196.85 51.45 51.45 0.00 1.61 61.65
03-06-2019 2240.35 43.50 43.50 0.00 4.45 81.64
04-06-2019 2182.45 -57.90 0.00 57.90 46.51 97.90
 06-06-2019 2167.40 -15.05 0.00 15.05 3.29 76.71
07-06-2019 2178.95 11.55 11.55 0.00 2.56 71.89
10-06-2019 2231.10 52.15 52.15 0.00 2.42 70.80
11-06-2019 2252.85 21.75 21.75 0.00 2.73 73.16
12-06-2019 2258.45 5.60 5.60 0.00 2.47 71.21
13-06-2019 2250.25 -8.20 0.00 8.20 1.84 64.84
14-06-2019 2252.30 2.05 2.05 0.00 1.12 52.87

2300.00 120
2250.00
100
2200.00
2150.00
80
2100.00
2050.00 60 Close Price

2000.00 RSI
40
1950.00
1900.00
20
1850.00
1800.00 0
01/03/2019 01/04/2019 01/05/2019 01/06/2019

Interpretation:

The RSI Indicator shows the overbought and oversold regions. The oversold point is when the
RSI is 30 and anything above 30. The overbought point is when RSI is 70 and crosses anything
below 70. When the RSI crosses above the oversold line (30) it is a buy signal for the traders,
it is advisable to buy the shares. When the RSI crosses below the overbought line (70) it is a
sell signal.

Wipro

Date Close Price change Gain Loss RS RSI

01-03-2019 281.63
05-03-2019 272.70 -8.93 0.00 8.93
06-03-2019 277.40 4.70 4.70 0.00
07-03-2019 268.80 -8.60 0.00 8.60
08-03-2019 256.50 -12.30 0.00 12.30
11-03-2019 259.65 3.15 3.15 0.00
12-03-2019 261.25 1.60 1.60 0.00
13-03-2019 257.75 -3.50 0.00 3.50 0.32 24.06
14-03-2019 256.80 -0.95 0.00 0.95 0.28 22.09
15-03-2019 262.70 5.90 5.90 0.00 0.37 27.16
18-03-2019 257.70 -5.00 0.00 5.00 0.42 29.58
19-03-2019 257.60 -0.10 0.00 0.10 0.49 32.87
20-03-2019 261.55 3.95 3.95 0.00 1.12 52.72
22-03-2019 260.45 -1.10 0.00 1.10 1.20 54.52
25-03-2019 256.65 -3.80 0.00 3.80 0.92 48.05
26-03-2019 254.95 -1.70 0.00 1.70 0.90 47.36
27-03-2019 254.50 -0.45 0.00 0.45 0.84 45.71
28-03-2019 254.60 0.10 0.10 0.00 0.33 24.53
29-03-2019 254.75 0.15 0.15 0.00 0.57 36.16
01-04-2019 261.80 7.05 7.05 0.00 0.60 37.33
02-04-2019 261.60 -0.20 0.00 0.20 1.04 50.87
03-04-2019 261.50 -0.10 0.00 0.10 1.19 54.28
04-04-2019 258.95 -2.55 0.00 2.55 2.98 74.87
05-04-2019 262.15 3.20 3.20 0.00 2.21 68.87
08-04-2019 263.65 1.50 1.50 0.00 3.68 78.65
09-04-2019 273.45 9.80 9.80 0.00 4.18 80.68
10-04-2019 281.00 7.55 7.55 0.00 7.56 88.32
11-04-2019 281.30 0.30 0.30 0.00 7.74 88.55
12-04-2019 283.60 2.30 2.30 0.00 8.43 89.40
15-04-2019 288.15 4.55 4.55 0.00 9.67 90.63
16-04-2019 281.10 -7.05 0.00 7.05 0.00 0.00
18-04-2019 284.80 3.70 3.70 0.00 3.69 78.67
22-04-2019 288.25 3.45 3.45 0.00 4.00 80.00
23-04-2019 291.30 3.05 3.05 0.00 3.10 75.61
24-04-2019 293.10 1.80 1.80 0.00 2.46 71.11
25-04-2019 295.25 2.15 2.15 0.00 2.67 72.78
26-04-2019 294.35 -0.90 0.00 0.90 2.65 72.62
30-04-2019 298.40 4.05 4.05 0.00 1.78 64.03
02-05-2019 293.55 -4.85 0.00 4.85 20.22 95.29
03-05-2019 291.00 -2.55 0.00 2.55 2.52 71.60
06-05-2019 290.90 -0.10 0.00 0.10 1.33 57.11
07-05-2019 293.70 2.80 2.80 0.00 0.95 48.78
08-05-2019 290.80 -2.90 0.00 2.90 1.07 51.72
09-05-2019 291.00 0.20 0.20 0.00 0.61 37.74
10-05-2019 290.55 -0.45 0.00 0.45 0.68 40.40
13-05-2019 289.25 -1.30 0.00 1.30 0.28 21.66
14-05-2019 284.30 -4.95 0.00 4.95 0.41 29.13
15-05-2019 283.65 -0.65 0.00 0.65 0.31 23.62
16-05-2019 285.80 2.15 2.15 0.00 0.29 22.64
17-05-2019 286.75 0.95 0.95 0.00 0.23 18.65
20-05-2019 290.05 3.30 3.30 0.00 0.45 30.99
21-05-2019 286.85 -3.20 0.00 3.20 0.87 46.55
 22-05-2019 283.20 -3.65 0.00 3.65 0.63 38.79
23-05-2019 282.15 -1.05 0.00 1.05 0.51 33.95
24-05-2019 283.15 1.00 1.00 0.00 0.75 42.81
27-05-2019 280.45 -2.70 0.00 2.70 0.94 48.37
28-05-2019 284.30 3.85 3.85 0.00 0.50 33.12
29-05-2019 285.90 1.60 1.60 0.00 0.77 43.47
30-05-2019 288.30 2.40 2.40 0.00 0.61 37.83
31-05-2019 286.55 -1.75 0.00 1.75 1.20 54.46
03-06-2019 291.30 4.75 4.75 0.00 1.61 61.67
04-06-2019 293.90 2.60 2.60 0.00 3.06 75.35
06-06-2019 292.00 -1.90 0.00 1.90 3.42 77.35
07-06-2019 295.05 3.05 3.05 0.00 4.16 80.64
10-06-2019 297.20 2.15 2.15 0.00 3.95 79.78
11-06-2019 297.90 0.70 0.70 0.00 4.10 80.38
12-06-2019 298.00 0.10 0.10 0.00 3.63 78.40
13-06-2019 298.80 0.80 0.80 0.00 7.03 87.54
14-06-2019 298.95 0.15 0.15 0.00 4.95 83.19

310.00 120

300.00
100
290.00
80
280.00

270.00 60 Close Price

RSI
260.00
40
250.00
20
240.00

230.00 0
01/03/2019 01/04/2019 01/05/2019 01/06/2019

Interpretation:

The RSI Indicator shows the overbought and oversold regions. The oversold point is when the
RSI is 30 and anything above 30. The overbought point is when RSI is 70 and crosses anything
below 70. When the RSI crosses above the oversold line (30) it is a buy signal for the traders,
it is advisable to buy the shares. When the RSI crosses below the overbought line (70) it is a
sell signal.

FUNDAMENTAL ANALYSIS:
Fundamental Analysis Tools:

1. EPS
2. P/E
3. P/B
4. Dividend yield ratio
5. Dividend Payout ratio
6. ROE
7. Intrinsic Value
8. SWOT Analysis
9. PESTLE Analysis
10. Porter’s 5 Force Model

Banking Sector:

Axis Bank:

YEAR EPS P/E P/B Dividend Yield Ratio Dividend Payout Ratio ROE
Mar-2012 19.9 11.22 2.09 1.4 16% 20%
Mar-2013 21.75 11.39 1.84 1.38 16% 19%
Mar-2014 26.17 10.87 1.79 1.37 15% 18%
Mar-2015 30.47 17.84 2.96 0.82 15% 18%
Mar-2016 35.04 12.69 1.98 1.12 14% 17%
Mar-2017 16.51 29.74 2.08 1.02 30% 7%
Mar-2018 1.78 286.82 2.04 0 0% 1%
HDFC Bank:

YEAR EPS P/E P/B Dividend Yield Ratio Dividend Payout Ratio ROE
Mar-2013 27.93 21.62 4.05 0.88 19% 21%
Mar-2014 35.26 20.55 4.07 0.91 19% 22%
Mar-2015 40.95 23.99 4.06 0.78 19% 20%
Mar-2016 48.61 21.16 3.64 0.89 19% 19%
Mar-2017 59.53 24.19 4.03 0.76 18% 18%
Mar-2018 71.33 26.52 4.48 0.69 18% 18%
Mar-2019 82 28.25 4.11 0.65 18% 17%

YES Bank:

YEAR EPS P/E P/B Dividend Yield Ratio Dividend Payout Ratio ROE
Mar-2013 7.06 11.82 2.65 1.4 17% 25%
 Mar-2014 8.7 9.25 2.1 1.93 18% 25%
Mar-2015 9.23 17.08 2.92 1.1 19% 21%
Mar-2016 11.67 14.37 2.64 1.16 17% 20%
Mar-2017 14.59 21.17 3.21 0.77 16% 19%
Mar-2018 18.34 16.59 2.73 0.89 15% 18%
Mar-2019 7.43 37.29 2.37 0.73 27% 7%

Interpretations:

 The EPS of HDFC Bank has been constantly rising over the seven years. The EPS of
Axis Bank in the initial years was on a rising trend and for the last two years it has
reduced. Higher the EPS, the company is considered to be more profitable. The EPS of
HDFC Bank is the highest and considered to be more profitable.
 Price to earnings ratio is used by investors for stock valuation. The P/E ratio of Axis
bank is the highest compared to the other Banks, A high P/E Ratio indicates that the
investors would expect higher rate of return.
 ROE depicts how effectively management is using a company’s asset to create profits.
An ideal ROE% is greater than 15; The ROE of HDFC bank, YES Bank and Axis Bank
have been on a falling trend compared to their previous years. The ROE of HDFC Bank
is better in the current year compared to the other banks. The ROE of Axis Bank and
YES Bank have drastically fallen and are below the ideal range.
 Dividend yield is the ratio of the company’s annual dividend compared to its share
price. The above table shows the dividend yield over the last 7 years. In the year 2019,
from investor’s perspective, they would prefer stocks of YES Bank over the other banks
as it provides a higher dividend yield.
 The dividend payout ratio of Yes Bank is the highest in the current year compared to
the other banks. The DPR of Axis Bank is 0%, i.e. they are retaining 100% of their
profits in the business for future expansion purpose.
 The P/B Ratio of HDFC Bank, YES Bank & Axis Bank is having constant fluctuations
their witnessing a rising and falling trend. The P/B Ratio for HDFC Bank was the
highest in the year 2018, a high P/B Ratio indicates the stock is overvalued. And a low
P/B Ratio indicates the stock is undervalued. The P.B Ratio of Axis Bank is the lowest
in the current year and is considered to be undervalued and that of HDFC Bank is the
highest in the current year and is overvalued.

FMCG Sector:
Britannia

YEAR EPS P/E P/B Dividend Yield Ratio Dividend Payout Ratio ROE
Mar-2012 7.67 24.15 11.28 1.62 51% 49%
Mar-2013 10.13 25.59 12.67 1.42 39% 47%
Mar-2014 15.46 37.6 20.79 0.74 36% 50%
Mar-2015 27.08 38.94 15.37 0.75 28% 55%
Mar-2016 34.36 45.9 15.09 0.65 29% 39%
Mar-2017 36.85 59.43 17.58 0.5 30% 33%
Mar-2018 41.83 61.72 16.82 0.42 30% 29%

HUL

YEAR EPS P/E P/B Dividend Yield Ratio Dividend Payout Ratio ROE
Mar-2013 14.63 26.32 35.67 3.97 104% 134%
Mar-2014 16.07 33.09 37.37 2.15 71% 112%
Mar-2015 17.18 43.28 47.4 1.72 74% 108%
Mar-2016 15.89 45.24 28.76 1.84 83% 63%
Mar-2017 20.72 43.9 29.26 1.87 82% 66%
Mar-2018 24.14 55.34 39.79 1.5 83% 72%
Mar-2019 28.03 60.93 47.03 1.29 78% 77%

P&G

YEAR EPS P/E P/B Dividend Yield Ratio Dividend Payout Ratio ROE
Jun-2012 52.2 44.34 11.19 0.9 40% 34%
Jun -2013 58.36 45.78 13.79 0.65 40% 39%
Jun -2014 88.37 63.52 17.89 0.45 30% 52%
Jun -2015 100.48 48.24 12.37 0.57 28% 46%
Jun-2016 130.16 60.36 50 4.83 28% 45%
Jun -2017 133.31 85.8 40.57 0.4 292% 64%
Jun-2018 115.4 88.83 35.49 0.36 35% 89%

Interpretations:

 The EPS of Britannia has consistently been on a rising trend, the EPS of HUL has risen
from 2013 to 2015, in the year 2016 their EPS has fallen and again from 2017 to current
it has been rising. The EPS of P&G has been on a rising trend from 2013 till 2017; it
has fallen in the year 2018 and again risen in the year 2019. The EPS is the highest for
P&G and will be more preferred by the investors and will be more profitable.
  The price earnings ratio of Britannia & HUL has been consistently rising. Price earnings
ratio P&G has witnessed a rise-fall-rise trend. The P/E Ratio of P&G is the highest
amongst the others in the year 2019; a high P/E ratio indicates that an investor expects
higher returns on their shares held by them in the company.
 An ideal ROE for a company should be greater than 15%. ROE is a measure of how
effectively a company uses its assets to generate profits. The ROE of P&G is the highest
compared to the others. .
 Dividend yield is the ratio of the company’s annual dividend to its share price. The
dividend yield of HUL is higher in 2019 compared to Britannia, and P&G.
 The dividend payout ratio is the highest for HUL in the year 2019. A high dividend
payout ratio indicates that the company requires fewer profits for growth purpose as
they are in their maturity stage. The dividend payout ratio in the current period is the
lowest for Britannia. Investors would prefer companies which provide a high DPR, thus
HUL would be a preferred investment in terms of the DPR.
 The P/B Ratio of HUL is the highest in the year 2019; a higher P/B Ratio indicates the
stock is overvalued. When the stocks are overvalued it is recommended to sell those
shares. The P/B Ratio of Britannia is less in 2018 which is 16.82, it is recommended to
buy and hold on to the shares of Britannia.

Automobile sector:

Bajaj Auto

YEAR EPS P/E P/B Dividend Yield Ratio Dividend Payout Ratio ROE
Mar-2012 98.05 16.52 16.52 2.51 43% 50%
Mar-2013 100.61 17.63 17.63 2.41 42% 39%
Mar-2014 108.32 19.29 19.29 2.48 43% 33%
Mar-2015 94.62 17.14 17.14 2.29 48% 27%
Mar-2016 120.23 19.91 19.91 1.96 39% 29%
Mar-2017 140.98 18.85 18.85 2.18 39% 23%
Mar-2018 145.8 16.94 16.94 2.08 41% 21%

Maruti Suzuki

YEAR EPS P/E P/B Dividend Yield Ratio Dividend Payout Ratio ROE
Mar-2012 55.37 15.65 2.03 0.63 13% 11%
 Mar-2013 77.85 20.87 2.77 0.61 10% 13%
Mar-2014 92.15 29.34 4.59 0.68 13% 13%
Mar-2015 117.79 20.44 3.67 0.94 20% 16%
Mar-2016 177.63 24.23 4.91 1.24 20% 18%
Mar-2017 243.38 33.97 6.29 0.9 31% 20%
Mar-2018 255.69 26.25 4.88 - 31% 18%

Tata Motors

YEAR EPS P/E P/B Dividend Yield Ratio Dividend Payout Ratio ROE
Mar-2012 41.49 8.68 2.28 0.74 9% 41%
Mar-2013 30.34 9.16 1.96 0.5 6% 26%
Mar-2014 42.64 12.66 3.15 0 5% 21%
Mar-2015 42.8 11.33 1.66 0.05 0% 25%
Mar-2016 34.1 21.23 2.73 0 1% 15%
Mar-2017 21.95 12.37 1.17 0 0% 13%
Mar-2018 26.47 0 0.8 0 0% 9%

Interpretations:

 The EPS of Tata Motors is negative in the year 2019 and would not be a preferred
investment option by investors. Maruti Suzuki has the highest EPS in the year 2019;
investors would prefer shares of Maruti Suzuki over Tata Motors as the Earning per
share is higher in case of Maruti Suzuki. The EPS of Maruti Suzuki had been
consistently rising from 2013 to 2018 but had fallen in the year 2019. The EPS of Tata
Motors was initially rising from 2013 to 2015. From 2016 it started witnessing
downward trend in their EPS. Bajaj Auto EPS has a rise fall and rise trend pattern of
their EPS.
 The P/E ratio of Maruti Suzuki is the highest in the year 2019 compared to Tata Motors
and Bajaj Auto. Each of the companies price to earnings ratio was initially rising and
later began to fall.
 The ROE of Tata Motors, Maruti Suzuki and Bajaj Auto in the initial years had a rising
trend and later years witnessed a falling trend.
 The dividend yield is the highest for Bajaj Auto compared to Tata Motors and Maruti
Suzuki.
 Maruti Suzuki, Tata Motors and Bajaj Auto have a rising and falling trend in their P/B
Ratio. The P/B Ratio of Bajaj Auto is high in 2019, it indicates the stock price is
 overvalued and it is advisable to sell the stocks of Bajaj Auto. The P/B Ratio of Tata
Motors is less it is undervalued, and is advisable to buy and hold onto the stocks of Tata
Motors

IT Sector:

Infosys

YEAR EPS P/E P/B Dividend Yield Ratio Dividend Payout Ratio ROE
Mar-2013 19.73 17.53 4.35 1.45 25% 25%
Mar-2014 21.94 17.56 4.21 1.92 34% 24%
Mar-2015 24.78 20.5 5 2.68 55% 24%
Mar-2016 26.76 20.66 4.51 1.99 41% 22%
Mar-2017 31.37 16.27 3.39 2.52 41% 21%
Mar-2018 36.83 15.4 3.81 3.83 59% 25%
Mar-2019 35.49 20.89 4.97 2.9 61% 24%

TCS

YEAR EPS P/E P/B Dividend Yield Ratio Dividend Payout Ratio ROE
Mar-2013 33.65 22.13 7.98 1.4 31% 36%
Mar-2014 46.82 21.79 8.47 1.5 33% 39%
Mar-2015 43.95 25.13 9.85 3.1 78% 39%
Mar-2016 57.83 20.42 6.98 1.73 35% 34%
Mar-2017 62.2 18.22 5.59 1.93 35% 30%
Mar-2018 67.61 21.07 6.39 1.75 37% 30%
Mar-2019 83.93 23.84 8.4 1.5 36% 35%

Wipro

YEAR EPS P/E P/B Dividend Yield Ratio Dividend Payout Ratio ROE
Mar-2012 8.21 17.5 4.06 1.6 26% 21%
Mar-2013 8.95 16.83 4.17 1.47 28% 23%
Mar-2014 11.58 17.89 4.19 1.91 25% 25%
Mar-2015 12.26 15.62 3.06 1.07 34% 23%
Mar-2016 13.52 14.75 2.44 0.39 17% 19%
Mar-2017 13.1 15.91 2.67 0.36 6% 16%
Mar-2018 13.27 17.07 2.72 0.39 6% 17%
Interpretations:

 The EPS of TCS is the highest in the year 2019, from investor’s perspective TCS would
be preferred as EPS is the highest and will be more profitable. The EPS of Infosys was
consistently rising from 2013-2018 and it has witnessed a slight fall in the EPS in the
 year 2019. The EPS of Wipro is the lowest compared to all the others. The EPS of
initially witnessed a rising trend then the EPS has fallen and again it has risen.
 The price earnings ratios of Wipro, TCS and Infosys have been fluctuating over the
years. The price earnings ratio is the highest for TCS, a high P/E Ratio indicates that an
investor would expect a higher rate of return for the shares held by them.
 An ideal ROE for a company is greater than 15%, all the companies are having an ideal
ROE. Initially all the companies ROE was high and later it has reduced in the current
year.
 The dividend yield is the highest for TCS in the year 2019. The dividend yield of all
the companies are having an initial rising trend and later witnessing a falling trend.
 The dividend payout ratio of TCS is the highest and it has been consistently on a rising
trend. A high dividend payout ratio indicates that the company is in maturity stage and
has little room for additional growth; the best use of their profits would be to give out
major proportion of their profits as dividend to the shareholders. From investors
perspective they would prefer in investing in stocks of TCS as it offer the highest
dividend payout ratio.
 The P/B Ratio is the highest for TCS in the year 2019. The p/b ratio is 8.4 of TCS, a
high p/b ratio indicates the stock is overvalued and it is advisable to sell the stock. And
the P/B Ratio of Wipro is 2.4, it is low it is advisable to buy and hold on to the stocks
of Wipro.

SWOT ANALYSIS

SWOT ANALYSIS

I. BANKING SECTOR
a) Axis Bank
STRENGTHS WEAKNESSES
 One of the top 3 banks in  Foreign branches
the terms of fastest growth constitutes only 8% of
in private sector bank total assets
 Presence in 971 cities and  Axis banks shares
towns constantly fluctuates in
  Year on year the financial higher margins which
positions grows at a rate of makes investors uncertain
20%
OPPORTUNITIES THREATS
 Expand in the rural markets  RBI allowed up to 74%
 investment by foreign
banks in Indian banking
 HDFC bank poses as
major threat due to its
growing customer base

b) HDFC Bank
STRENGTHS WEAKNESSES
 2nd largest private sector  Not much presence in the
bank in India. rural market
 Attrition rate is low  It focuses mostly on high
 Compared to other banks it end clients
has a high rate of customer  The share prices of HDFC
satisfaction Bank keep fluctuating
 The ATM cards of HDFC causing ambiguity
bank are compatible with amongst the investors.
all domestic and
international, master, visa
cards making it a preferred
option amongst the
customers.
OPPORTUNITIES THREATS
 To capture rural market  Their NPA’S have
 To also focus on other increased from 0.18% to
client groups apart from 0.20%
high end clients.  The no of NBFC’s are
 Due to strong financial increasing in India.
position, greater scope for
 acquisitions and strategic  RBI has opened up to 74%
alliances foreign banks to invest in
India.

c) YES Bank
STRENGTHS WEAKNESSES
 4th largest private sector  High risk of security
bank because of digital usage
 Large customer base  Changes in the laws by the
 They have deals with government has an impact
foreign holdings which on functioning of the bank
makes it easier for them to  In rural areas, not all are
raise funds well versed with digital
 Has been listed on BSE, usage
NSE & London Stock
Exchange
OPPORTUNITIES THREATS
 They have large assets per  Security issues due to
client, which provides them digital usage
with an opportunity to  High fee
grow in the banking and  Presence of global
financial sector. competitors
 Presence in the global
market

II. FMCG SECTOR

a) Britannia
STRENGTHS WEAKNESSES
 Robust distribution system  Dependent only over
 Large presence in the biscuit business, nearly
market 75% of their revenues
 Holds 30% market share in comes from biscuits
the India’s biscuit category  No overseas presence
  Caters to all income groups
of consumers
OPPORTUNITIES THREATS
 Potential to capture  A lot of competitors
international market  Buyers power is high
 Consumers becoming  Increase in the price of raw
health conscious, is an materials, required for the
opportunity for them to production of goods
produce products which
will be healthier

b) HUL
STRENGTHS WEAKNESSES
 Market leader in consumer  Decreasing market share
goods due to increasing
 Large brand visibility competitors
 More than 80 years of
experience in consumer
goods market
OPPORTUNITIES THREATS
 Expansion in other markets  Buyers power is high due
 Increase in income level of to lot of wide variety of
consumers, result in higher products available
demand for the products  Tough competition from
other market player

c) P&G
STRENGTHS WEAKNESSES
 Large presence in the  They had to close over 300
market brands which has led to
 Highest profit margin losses for the company
 Excellent marketing  Regular changes needed in
strategies the product
  Wide distribution network
OPPORTUNITIESS THREATS
 Penetrate in the rural  Increased local
market competition
 Mergers and acquisitions  Tough competition from
 Increased purchasing power large market players

III. AUTOMOBILE SECTOR

a) Bajaj Auto
STRENGTHS WEAKNESSES
 4th largest two and three  Not a global brand
wheeler auto manufacturer
 13% market share in two
wheeler category
 3rd in three wheeler market
OPPORTUNITIES THREATS
 Expand to international  Intense competition in two
market wheeler market
 Strict environmental
regulations in India.

b) Maruti Suzuki
STRENGTHS WEAKNESSES
 Largest network of dealers  Government intervention
and after sales services in as they have stake in
the country Maruti Suzuki
 Strong brand value and
loyal customer base
OPPORTUNITIES THREATS
 Economic growth of the  Stiff competition in the
economy market

c) Tata Motors
 STRENGTHS WEAKNESSES
 Large no of employees  No strong foothold in the
 Stabilized brand luxury market segment
OPPORTUNITIES THREATS
 Opportunities for mergers  Lot of competition in the
and acquisitions market
 Increasing purchasing
power of Indian consumers

IV. IT SECTOR
a) Infosys
STRENGTHS WEAKNESSES
 Cost advantage due to  High attrition rate
presence in India  Dependent on limited
 Strong end to end business markets
solutions
 Strategic associations with
other business players in
the market
OPPORTUNITIES THREATS
 Increasing demand for  Intense competition
cloud based solutions  Rising wages in India
 Focus on emerging markets

b) TCS
STRENGTHS WEAKNESSES
 Strong portfolio of services  Decline in performance of
offered diligent, diligent is a
 Strong partnership with subsidiary of TCS and it
global companies has been performing
 Clients from diversified below par
industries
OPPORTUNITIES THREATS
  Cloud based solutions  Intense competition
 Digital transformational  High attrition rate
technologies

c) Wipro
STRENGTHS WEAKNESSES
 Low cost advantage  Low operating margin of
 Partnership with oracle, other group companies
Cisco, Microsoft and SAP
OPPORTUNITIES THREATS
 Huge potential in domestic  High attrition rate
market  Immense competition in
 Can diversify product the market
category and offer
consultancy service

PESTLE ANALYSIS FOR INDIAN SHARE MARKET:

 Political Factors:
o Changes in the tax rate slab
o Economic and GDP growth rate of India.
o Government interventions and changing policies of the country
 Economic Factors:
o Recent announcement of Union Budget of India for the year 2019-2020 can
have a major impact on the stock prices of the shares. For some stocks the prices
might either soar up or they might fall.
o After the budget proposal there is a chance for the Indian Rupee to strengthen
in terms of dollar value.
 Social Factors:
o Investor sentiments regarding a particular stock’s valuation can have an impact
on the share prices of the stocks.
o Trading on stocks by speculation is a social factor impacting the share market.
 Technological factors:
 o Online and mobile trading platforms are available for trading.
o Improved trading hardware and software’s enabling millions of transactions to
take place per day.
o Live Real time stock market quotes help in passing on the information equally
to all at the same time.
 Legal Factors:
o As Adhaar card and Pan Card have been made interchangeable it is easier for
the invest tors to invest even if they don’t have a Pan Card as the Adhaar card
can be used in place of it as per the union budget announcement of 2019-2020.
o Strict regulations by the SEBI in order to avoid scams can impact in the trade
transactions.
 Environmental Factors:
o War in the country can impact the share market.

PORTER’S FIVE FORCE MODEL:

Banking Sector

 Competition In The Industry:

The banking sector is growing at a rapid pace and with the variety of services provided
by the banks there is immense competition in the banking Sector.
 Potential Of New Entrants Into The Industry:
Large capital requirements needed for entering into the industry and there are lot of
competitors that will act as a barrier to the new entrants. Difficult to gain trust of the
customers as there are many competitors, the customers would not want to risk by
going to a start up as there are a lot of risks involved in the financial sector.
 Bargaining Power Of Suppliers:
Capital is a major resource required by the banks, the capital is acquired from sources
such as, deposits made by the customers, mortgages and loans, mortgaged bank
securities and loans from the other financial institutions. By utilizing these suppliers,
the bank is assured that they have enough capital to meet the requirements of their
customers.
 Bargaining Power Of Buyers:
Major factor affecting power of buyers is the switching costs; if a person wants to
change their banks to another bank it would involve a lot of additional costs.
  Threat Of Substitute Products:
There are a lot of Non-banking financial institutions which offer all the services such
as insurance companies, mutual funds etc.

FMCG Sector

 Competition In The Industry:

There is fierce competition in the FMCG sector, there are a lot of FMCG companies
so the market is saturated, and they try to attract their customers by price wars and
aggressive advertisements.
 Potential Of New Entrants Into The Industry:
There are no barriers to entry in the FMCG Sector and easier for new companies to
enter the market.
 Bargaining Power Of Suppliers:
The bargaining power of suppliers is not very high, raw materials are readily available
and there are a lot of substitute suppliers of raw materials in the market.
 Bargaining Power Of Customers:
The bargaining power of customers is very high in the FMCG Sector as the switching
costs of most of the goods are very low and easier for the customers to switch over to
the other products.
 Threat Of Substitute Products:
There are a lot of competitors in the market and a wide variety of substitute products
are easily available in the market, the customers can switch over to substitute products
and easily replace the products.

Automobile Sector

 Competition In The Industry:

The Automobile Industry is an oligopoly market, as there are a very few companies
to cater to the needs of the consumers, small changes made by any one player can
have a major effect on the prices of their product.
 Potential Of New Entrants Into The Industry:
A lot of capital is required in order to enter into the automobile industry as it is related
to manufacturing of vehicles which involves huge costs. Advanced techniques is
required for the manufacturing process, it is easier for foreign companies to enter as
 they have the skilled manpower and adequate capital, but it is difficult for a domestic
player to enter into the market.
 Bargaining Power Of Suppliers:
The bargaining power of the suppliers is low in the case of automobile sector,
because of which the suppliers are susceptible to the demand and requirements of the
manufacturer.
 Bargaining Power Of Customers:
The bargaining power of customers is also low as they don’t buy a great volume of
cars. In case of cars they are price sensitive and would switch to the company’s that
would offer them value for the money.
 Threat Of Substitute Products:
The substitutes for automobiles is the public transport services, as public transport
services cost less, the customers would use public transport rather than their own
vehicle, as the cost of maintaining vehicle is higher.

IT Sector

 Competition In The Industry:

The competition in IT Industry is immense for conventional IT services as there are a
lot of players in the market who are well established.
 Potential Of New Entrants Into The Industry:
There is a threat for new entrants who aim to provide the same conventional IT
Services which are already provided by other companies in the market. If there is a
new technology or concept then they can capture the niche market.
 Bargaining Power Of Suppliers:
The bargaining power of the suppliers is very low. The suppliers consist of IT
Infrastructure providers, recruitment firms, and office space suppliers.
 Bargaining Power Of Customers:
The bargaining power of customers is high in case of conventional IT services.
 Threat Of Substitute Products:
There are not much substitutes for IT Products as most of the services are outsourced.

INTRINSIC VALUE CALCULATIONS:

Benjamin Graham Formula for Intrinsic Value:

Intrinsic Value = EPS*(8.5+2*g)

 Where 8.5 is the standard P/E Ratio

 ‘g’ denotes the growth rate (taken compounded growth for 10 years)
 Current Market price of shares is as on 03.07.2019

Intrinsic Value Calculations:

EPS (Trailing
Twelve Growth Intrinsic
Sectors Months) rate Value CMP (3rd July,2019) Decision
Banking sector:
Axis Bank 19.23 19.39 909.19 802.60 BUY
HDFC Bank 81.72 22.5 4372.02 2495.00 BUY
Yes Bank 7.37 28.73 486.13 100.80 BUY
FMCG Sector:
Britannia 48.23 12.65 1630.17 2769.00 SELL
HUL 27.97 9.17 750.71 1789.00 SELL
P&G 124.12 14.45 4642.09 11047.00 SELL
Automobile
Sector:
Bajaj Auto 170.29 12.06 5554.86 2884.00 BUY
Maruti Suzuki 253.21 17 10761.43 6560.00 BUY
Tata Motors 6.04 14.68 228.67 163.75 BUY
IT Sector:
Infosys 35.91 15.64 1428.50 740.00 BUY
TCS 83.87 19.6 4000.60 2252.00 BUY
Wipro 14.92 9.18 400.75 284.25 BUY

Findings:

 As per the above intrinsic value calculations, it is better to buy the shares of Axis bank,
HDFC Bank and Yes Bank as the Intrinsic Value is greater than the current market
price of the shares, better to buy now as the prices may rise in the future.
 As per the above intrinsic value calculations, it is better to Sell the shares of Britannia,
HUL and P&G Auto, as the Intrinsic Value is lesser than the current market price of
the shares, better to sell now as the prices may fall in the future.
 As per the above intrinsic value calculations, it is better to buy the shares of Bajaj Auto,
Maruti Suzuki and Tata Motors as the Intrinsic Value is greater than the current market
price of the shares, better to buy now as the prices may rise in the future.
  As per the above intrinsic value calculations, it is better to buy the shares of Infosys,
TCS and Wipro bank as the Intrinsic Value is greater than the current market price of
the shares, better to buy now as the prices may rise in the future.

CHAPTER V

FINDINGS, CONCLUSIONS AND SUGGESTIONS

FINDINGS

 As per Simple Moving average calculations it is a sell signal for the shares of Axis
Bank, HDFC Bank, Britannia, HUL, P&G, Bajaj Auto, Maruti Suzuki, Infosys, TCS
and Wipro. It is a buy signal for the shares of YES Bank and Tata Motors.
 As per Rate of Change calculations, it is better to sell the shares of Axis Bank, HDFC
Bank, Bajaj Auto, Maruti Suzuki, Tata Motors, Infosys, TCS, and Wipro. It is better to
hold onto the shares of YES Bank, Britannia, HUL and P&G.
 The RSI Indicator tells us about the overbought and the oversold regions. As the RSI
Indicator crosses above 30 it is a buy signal for the shares and when the RSI falls below
70 it is a sell signal for the shares.
 As per the intrinsic value calculations it is better to buy the shares of the banking Sector,
Automobile Sector and IT Sector as the Intrinsic Value is greater than the current
market price which indicates that the shares are undervalued and prices may rise in the
near future. And it is better to sell the shares of FMCG Sector as the current market
price is greater than the intrinsic value of the shares which indicates the shares are
overvalued and their price will fall n the near future.

SUGGESTIONS

 An investor must do a detailed technical and fundamental analysis of the securities to

make sound investing decisions.
 Overall analysis will provide a clear picture to the investors about the future price
movements, they should do a detailed industry analysis and company analysis
 The decisions should not be based on investor sentiments
 CONCLUSION

Every investor is advised to have enough knowledge about the stock market before making any
investment decision. To analyze the stock market the most commonly used tools are Technical
analysis and Fundamental analysis. Technical analysis is apt for short term investors whereas
fundamental analysis is apt for long term investors. Technical analysis is based on historic
prices and aims to analyze the past prices and volume of the shares and fundamental analysis
involves a detail study of the economy, the industry and the financial statements of the
company. In this study we have studied four sectors namely, Banking Sector, Automobile
Sector, FMCG Sector and IT sector. As per the intrinsic values the shares of Banking Sector,
Automobile Sector and IT Sector are undervalued and it is better to buy the shares of those
sectors as the prices may rise in the near future. Whereas the shares of the FMCG Sector are
overvalued and it is better to sell their shares as their prices may fall in the near future. Analysis
of the stock market will help in better investing decisions and predicting the future of the stock
in the market. The main aim of stock analysis is to aid the investor in making financially sound
decisions and anticipate their future price movements to make better decisions on whether to
buy, sell or hold the stock.
 BIBLIOGRAPHY
https://www.samuhacreations.com

https://cleartax.in/s/stock-market-analysis

https://www.investopedia.com/

https://www.screener.in/

https://www.investing.com/

https://www.ibef.org/industry/banking-india.aspx

https://www.ibef.org/industry/fmcg.aspx

https://www.ibef.org/industry/india-automobiles.aspx

http://www.indiaeducation.net/computers-it/the-future-scope-of-the-it-industry-in-india.html

https://www.valueresearchonline.com/