 ECONOMY ANALYSIS

 Overview of the Indian Economy

India's economy has been on a trajectory of growth and transformation, marked by a

series of reforms and strategic initiatives that have reshaped its economic landscape.
The country's nominal GDP has been steadily climbing, and recent analyses project a
robust growth rate for the nation.

Economic Growth and Projections

India's economic growth has been impressive, with projections by Deloitte indicating
a growth rate between 6.9% and 7.2% through fiscal years 2023 to 2024. This growth
is supported by a series of structural reforms and a focus on high-end manufacturing
and exports. The country's current account deficit (CAD) has narrowd significantly
from 4.7% of GDP in fiscal year 2013 to 1.9% in fiscal 2023, and foreign exchange
reserves have nearly doubled to US$568 billion. Inflation has been halved to 5%, and
the fiscal deficit is targeted at 5.9% of GDP for fiscal year 2024.

Market Trends and Government Policies

The Indian government has shown a strong intent to focus on high-tech products,
with signifcant investment commitments received for infrastructure and
manufacturing. The 'Make in India' initiative has been a cornerstone policy, aiming to
transform India into a global manufacturing hub. This has been complemented by the
introduction of the Goods and Services Tax (GST) and new bankruptcy laws which
have simplified business operations and made resolving insolvency more efficient.

International Outlook and Equity Markets

India is expected to become the world's third-largest economy by 2027, surpassing
Japan and Germany. This growth is anticipated to be accompanied by a significant
increase in the Indian equity markets, with dollar-term returns of up to 10% over the
 next five to seven years. The country's economic stability and appeal to international
investors have been bolstered by these reforms and growth rates.

Sectoral Analysis
The Indian economy is diverse, with agriculture still being the top job provider despite
a declining share in the overall economy. The services sector accounts for the largest
share of GDP while the industry sector, including pharmaceuticals, chemicals, textiles,
and autos, has notable activity. India's young and sizeable working-age population is a
favourable demographic for growth, although unemployment challenges persist.

Challenges and Future Outlook

Despite the positive outlook, India faces headwinds such as rising borrowing costs,
tightening financial conditions, and ongoing inflationary pressures. The government's
commitment to increasing capital spending on infrastructure aims to boost growth
and competitiveness while addressing these challenges.

Conclusion
In conclusion, India's economy is on a strong growth path, supported by strategic
government policies, market trends, and a focus on high-end manufacturing and
exports. The country's economic reforms have increased its appeal to international
investors and positioned it for a significant role in the global economy. However, it
must navigate the challenges of inflation, unemployment, and the need for further
reforms to sustain this growth trajectory.
 INDUSTRY ANALYSIS

 Current Industry Analysis of the IT Industry in India

The Information Technology (IT) industry in India has been a cornerstone of the
country's economic development, contributing significantly to its GDP and
employment over the past four years. The analysis of the IT industry's economic
performance can be segmented into various aspects, including revenue growth,
employment, exports, and market size.

Revenue Growth and Contribution to GDP

The IT industry in India has seen a consistent increase in revenue over the past four
years. According to a LinkedIn article, the industry generated revenues of $194 billion
in the fiscal year 2020-21, contributing to 8% of the country's GDP and 52% of its
services exports. By FY 2022, the estimated revenue for the IT and Business Process
Management (BPM) industries was $227 billion, with $181 billion coming from
exports and $49 billion from the domestic market. NASSCOM projected that the
industry would grow at a compound annual growth rate (CAGR) of 10.3% from FY
2021 to FY 2025, reaching $350 billion by FY 2025.
Employment Trends
The IT industry has been a major employment generator in India. As of March 2022,
the industry employed approximately 5 million people. The sector also saw a
significant hiring increase in FY22, with 4.5 lakh new workers, and 44% of the total
number of new hires were women.

Exports and Global Market Share

Exports have been a strong growth driver for the IT industry in India. The sector
accounted for 20% of Indian export revenues in 2003-04 and was projected to
contribute 30% of total Indian export revenues by 2008. The industry has also been
successful in capturing a significant share of the global outsourcing market,
accounting for 55% of the global market share

Market Size and Segmentation

The Indian IT market had a total market size of 99 billion US dollars in the fiscal year
2021, with IT services having the largest share. The overall market, including
eCommerce but excluding hardware, was worth 235 billion US dollars. The market
expanded by more than 2% on an annual basis in FY 2021.

Financial Performance of IT Companies

A financial analysis of IT companies listed on the National Stock Exchange of India as
of August 15, 2023, showed that the 99 companies with an annual revenue of INR
100 Crores or more had varied financial performance in terms of revenue growth,
profitability, solvency, and market performance for the year ended March 31, 2023.
Challenges and Macroeconomic Factors
Despite the growth, the IT industry has faced challenges such as macroeconomic
headwinds in key markets like the US and Europe. The first-quarter performance of
top IT services players in FY24 was subdued, reflecting these macro uncertainties.
However, companies have been actively hiring fresh graduates to expand the talent
pool and reduce the cost of delivery.

Future Outlook
The future of the IT industry in India appears promising, with expectations of
continued growth driven by digital transformation, innovation, talent development,
global market access, and policy support. However, the growth rate in FY23 is
expected to be slightly slower than in FY22 due to various macro situations.

Conclusion
In conclusion, the IT industry in India has demonstrated robust growth over the past
four years, with significant contributions to GDP, exports, and employment. The
sector is expected to continue its growth trajectory, albeit at a slightly slower pace, as
it navigates through macroeconomic challenges and continues to innovate and
expand its global market presence.
 Current Industry Analysis of the Healthcare Industry in India
The healthcare industry in India has seen significant growth and transformation over
the years, contributing to the country's economic development. Here's a
comprehensive analysis of the healthcare sector in India, focusing on various aspects
such as revenue and GDP contribution, healthcare infrastructure, government policies
and initiatives, employment, and workforce.

Revenue and GDP Contribution

The healthcare industry in India has been growing steadily, contributing significantly
to the country's GDP. According to a report by the World Bank, current health
expenditure in India was 1.4% of the GDP in 2019. The healthcare market size in India
is projected to reach $120 billion by 2025, growing at a CAGR of 22.9% between 2019
and 2025.

Healthcare Infrastructure
India's healthcare infrastructure has been improving, with an increasing number of
hospitals and healthcare facilities. However, there are still significant disparities in
healthcare infrastructure between urban and rural areas. According to a report, 70%
of India's population lives in rural areas, but only 33% of the health workforce can
deliver services in these areas.

Government Policies and Initiatives

The Indian government has launched several initiatives to improve the healthcare
sector, such as the National Health Stack, which aims to create a digital health
ecosystem. The government has also set up the Healthcare Sector Skill Council to
address the skill development needs of the healthcare sector.
Employment and Workforce
The healthcare industry in India employs a large workforce, including doctors, nurses,
and allied health professionals. However, there is a shortage of skilled healthcare
workers, particularly in rural areas. According to a study, there is a need for 7.4
million skilled workers in the healthcare sector in India. The study also highlights that
57% of all health workers in India did not possess the needed skills, particularly in
rural areas, and may need professional training and upskilling.

Challenges and Future Outlook

Despite the growth and transformation in the healthcare sector, India faces several
challenges, such as inadequate healthcare infrastructure, a shortage of skilled
healthcare workers, and disparities in healthcare access between urban and rural
areas. However, with the government's initiatives and private sector investments, the
healthcare sector in India is expected to continue its growth trajectory in the coming
years.

Conclusion
In conclusion, the healthcare industry in India has shown significant growth and
transformation over the years, contributing to the country's economic development.
However, challenges still need to be addressed, such as inadequate healthcare
infrastructure, a shortage of skilled healthcare workers, and disparities in healthcare
access between urban and rural areas. With the government's initiatives and private
sector investments, the healthcare sector in India is expected to continue its growth
trajectory in the coming year.
  Current Industry Analysis of the FMCG Industry in India
The FMCG industry in India is a significant contributor to the country's economy, with
a market size of US$ 230.14 Bn. in 2023 and expected to reach US$ 1288.52 Bn. by
2030, growing at a CAGR of 27.9%. The industry is driven by various factors such as a
growing youth population, changing lifestyles, and increasing brand awareness
among consumers. The FMCG sector is the fourth largest sector in the Indian
economy, creating employment for more than 3 million people.

Revenue and GDP Contribution

The FMCG industry in India is expected to reach nearly US$ 220 billion by 2025, with
a growth rate of 14.7%. The sector is a significant contributor to India's GDP, with 36%
of total spending allocated to FMCG products. The industry is expected to grow
further due to factors such as increasing disposable income, lifestyle changes, and
easier access to FMCG products.
Market Trends
The FMCG industry in India is experiencing several trends, including the growth of e-
commerce and online retail platforms, which make FMCG products easily accessible
to a broader audience. Product innovation is another trend, with companies
continuously introducing new products and variants to cater to changing consumer
tastes. Additionally, there is a trend toward sustainable products, which impacts how
consumers shop.
Consumer Behaviour
Consumer behaviour towards FMCG products in India is influenced by various factors,
including product quality, price, and availability. Consumers in India are becoming
more brand-conscious and are willing to pay a premium for products that offer better
quality and value. The trend toward sustainable products is also influencing consumer
behaviour, with consumers showing a preference for environmentally friendly
products.

Government Policies
The Indian government has permitted 51% of Foreign Direct Investment (FDI) in
multi-brand retail and 100% of FDI in food processing, which has inspired more
product launches and increased employment, supply chains, and consumer spending.
Additionally, the government has implemented various initiatives to support the
FMCG sector, including initiatives related to hygiene categories, high agricultural
production, reverse migration, and packaged commodities.

Conclusion
In conclusion, the FMCG industry in India is a significant contributor to the country's
economy, with a strong focus on market trends, consumer behaviour, and
government policies. The industry is expected to continue growing due to factors
such as increasing disposable income, lifestyle changes, and easier access to FMCG
products.
  Current Industry Analysis of the Energy Industry in India
The energy industry in India is a significant contributor to the country's economy,
with various sectors playing crucial roles in energy production, consumption, and
revenue generation. The industry is diverse, encompassing renewable energy,
electricity, coal, and oil. [Fig 9].
Renewable Energy
India's renewable energy sector has been growing rapidly, driven by the
government's push for cleaner energy sources. As of 2022, more than 50 GW of solar
power has been installed since 2016, and the country aims to achieve 100 GW of
solar capacity by 2022.

 Electricity
The electricity sector is a major part of the energy industry in India. Electricity
consumption in the country has been increasing rapidly, growing at around 7% per
year since 2020. As of 2022, electricity consumption breakdown by sector shows that
the residential sector accounts for the largest share (38%), followed by the industrial
sector (29%).

 Coal
Coal remains a significant part of India's energy mix, contributing to over half of the
country's primary energy needs and serving as the backbone of its industries. Coal
production reached its highest level in 2022, supplying almost 3/4 of the power
production. The coal sector contributes over Rs. 70,000 Crore annually to the central
and state governments through royalties, GST, and other levies.

 Oil
India is a significant importer of crude oil and a net exporter of refined products,
including Australia. The country's oil consumption has been increasing, with a 20%
rise in diesel and gasoline prices since 2020.

Revenue and GDP Contribution

The energy industry in India generates substantial revenue for both Central and State
Governments. In the fiscal year 2022-23, coal production generated Rs. 23,184.86
Crore in royalty collections. Additionally, contributions to the District Mineral Fund,
National Mineral Exploration Trust, and GST further bolster government finances,
supporting socio-economic and infrastructure development initiatives.
In terms of GDP contribution, the energy sector has been significant, with revenues
accounting for a substantial share of the country's overall GDP. However, as the
country transitions to a more diversified energy mix, revenues from traditional energy
sources may decline as a percentage of GDP.

Conclusion
The energy industry in India is a critical component of the country's economy, with
various sectors contributing to energy production, consumption, and revenue
generation. As India continues its trajectory of growth and development, the energy
sector remains a cornerstone of the nation's progress, driving economic prosperity,
employment generation, and social well-being.

 Current Economy Analysis of the Infrastructure Industry in India

The infrastructure industry in India plays a crucial role in the country's economic
growth. In the 2022-23 budget, the Government of India focused on investing in
various infrastructure projects to give the necessary push to the economy. The
infrastructure sector, which includes components like electricity, roads,
telecommunications, railways, irrigation, water supply and sanitation, ports, airports,
warehousing facilities, and oil and gas pipelines, is a primary driver for economic
growth.

Revenue and GDP Contribution

The India Infrastructure Sector Market size is estimated at USD 204.06 billion in 2024
and is expected to reach USD 322.27 billion by 2029, growing at a CAGR of 9.57%
during the forecast period (2024-2029). This growth is driven by the government's
focus on infrastructure development and the need for improved infrastructure to
support the country's economic growth target of USD 5 trillion by 2025.

Key Investments and Projects

The Indian government has proposed investing $ 750 billion in railway infrastructure
between 2018 and 2030. Notable projects include the construction of 2,500 km of
access control highways, 9,000 km of economic corridors, 2,000 km of coastline and
land port roads, and 2,000 km of strategic highways. The government has also
launched the PM Gati Shakti National Master Plan, which includes implementation,
monitoring, and support mechanisms for projects like telecom networks and gas
pipelines in roads and railways.

Challenges and Opportunities

Despite the growth potential, the infrastructure sector in India faces challenges such
as political and regulatory risk, land acquisition, environmental impact assessments,
and access to financing. However, opportunities exist through public-private
partnerships (PPPs), which can bridge the funding gap and allow governments to
leverage private capital and expertise. Technology can also play a significant role in
infrastructure development, with the advent of Industry 4.0 technologies like the
Internet of Things (IoT), Artificial Intelligence (AI), and Big Data.

Conclusion
The infrastructure industry in India is a vital component of the country's economic
growth. With the government's focus on infrastructure development, investments in
projects, and initiatives like the National Infrastructure Pipeline (NIP), the sector is
expected to continue its growth trajectory. However, challenges remain, and
addressing these challenges will be crucial for the sector's continued success.

Economy Analysis of the Defence & Aerospace Industry in India

India's defense and aerospace industry is on the rise, projected to reach $54.4 billion by
2033. This growth is driven by a large military force seeking modernization and a
government push for self-reliance ("Make in India"). Initiatives like increased defence
budgets and offset requirements (foreign companies investing in domestic production) are
fueling the sector. However, challenges include dependence on imports (70% of needs) and
developing a strong domestic R&D ecosystem. Overall, the Indian defense and aerospace
industry offers exciting prospects for indigenous manufacturing and attracting foreign
investment.

Revenue and GDP Contribution:

The Indian aerospace and defense sector is a significant industry with a market size of $11.1 billion
in 2020, and it is expected to grow at a CAGR of 3.5% from 2021 to 2028. The Indian defense budget
is about 1.90% of its GDP, and the government spends about 40% of its total defense budget on
capital acquisitions, with around 70% of its defense requirements met through imports. The Indian
government has set a challenging target of achieving 70% indigenization in defense production,
which presents a significant opportunity for Indian and foreign companies across the supply chain.
Market Trends:
The Indian aerospace and defense market is being aggressively penetrated by players from several
industries, with firms such as Reliance Industries and Adani Group seizing opportunities stemming
from the push for indigenization. The Indian government is focusing on projects integrating
disruptive technology like artificial intelligence, facial recognition, language translation, and
remotely operated weapon stations. The market drivers include the growing demand for defense
equipment, while the challenges include increased reliance on imports and the risks faced by
foreign companies investing in India.

Employment Trends:
The number of active job postings in the Aerospace and Defense sector of India decreased by 5.22%
MoM, but increased by 18.65% since January 2023, reaching 2,831 active job postings in April 2023.
India has a young-ready workforce that can drive the growth in the Aerospace and Defence (A&D)
market in India.

Regulatory Environment:
The Indian defense sector was exclusively reserved for the government and Defence Public Sector
Undertakings (DPSUs) until May 2001, when the government liberalized the manufacture of defense
equipment in India, permitting 100% investment by the domestic private sector and up to 26%
foreign direct investment (FDI) by approval from the Foreign Investment Promotion Board (FIPB).
The licensing conditions require that the management of the applicant Company or partnership
should be in Indian hands, with the majority representation on the Board and the Chief Executive
being resident Indians.

Conclusion
 The Indian aerospace and defense industry has significant potential to become a global player in the
industry, and the industry and the Indian government need to work together to address the
challenges and capitalize on the opportunities. The industry's growth is expected to continue, driven
by the Indian government's initiatives to promote the growth of the industry and increase the
defense budget. However, the industry needs to focus on attracting and retaining skilled workers,
developing indigenous capabilities, and complying with export control regulations to tap into the
growing aerospace and defense market.

 COMPANY ANALYSIS

 Company Analysis of TATA CONSULTANCY SERVICES.

Financial Position
TCS's financial position is strong, as indicated by its high return on equity (ROE) of
51.80%. This high ROE suggests that the company is generating significant profits from its
shareholder equity. Additionally, the company's earnings per share (EPS) of ₹
115.58 indicates a healthy profitability.

TCS Financial Performance Analysis

Tata Consultancy Services (TCS) is a leading Indian multinational information technology
company. To analyze TCS's financial performance, we will focus on the Price-to-Earnings
(PE) ratio and dividend yield.

PROFIT/LOSS FOR THE PERIOD

0.00 5,000.00 10,000.00 15,000.00 20,000.00 25,000.00 30,000.00 35,000.00 40,000.00 45,000.00

PE Ratio
The PE ratio of TCS is 31.88. This ratio indicates the price of the stock in relation to the
company's earnings. A higher PE ratio suggests that the stock is overvalued, while a
lower PE ratio indicates that the stock is undervalued.
Dividend Yield
TCS has a dividend yield of 2.89%. The dividend yield is calculated by dividing the annual
dividend per share by the current stock price. A higher dividend yield indicates a higher
return on investment, while a lower dividend yield may suggest a lower return.

Comparison with Industry PE

The industry average PE ratio for the IT sector is 38.11. TCS's PE ratio of 31.88 is lower
than the industry average, suggesting that TCS may be undervalued compared to its
industry peers.

Beta
Beta is a measure of a stock's volatility compared to the overall market. TCS has a beta of
0.84. A beta of 1 indicates that the stock's price will move in line with the overall market,
while a beta below 1 indicates that the stock is less volatile than the market.

Dividend Yield vs. Industry Average

The industry average dividend yield for the IT sector is 0.86%. TCS's dividend yield of
2.89% is significantly higher than the industry average, indicating a higher return on
investment for TCS compared to its industry peers.

Market Capitalization
TCS has a market capitalization of ₹1414997.85. Market capitalization is the total value of
a company's outstanding shares of stock. A higher market capitalization generally
indicates a larger, more established company.

Assets and Liabilities of TCS

119,827.00
119,827.00 121,263.00
121,263.00
109,381.00
109,381.00
104,975.00
104,975.00
99,500.00
99,500.00

1 2 3 4 5

TOTAL CAPITAL AND LIABILITIES TOTAL ASSETS

Return on Equity (ROE)

TCS has a return on equity (ROE) of 51.80%. ROE measures the profitability of a company
in relation to its shareholder equity. A higher ROE indicates that the company is
generating more profit per unit of shareholder equity.
 Returns
250.00

200.00

150.00

100.00

50.00

0.00
Apr 10, 2024Feb 23, 2024 Jan 10, 2024Nov 28, 2023Oct 12, 2023Aug 29, 2023 Jul 17, 2023 Jun 02, 2023 Apr 20, 2023
-50.00

-100.00

Earnings Per Share (EPS)

TCS's EPS is ₹115.58. EPS is calculated by dividing the company's net income by the
number of outstanding shares of stock. A higher EPS indicates that the company is
earning more per share, which can be a sign of a profitable company. In conclusion, TCS's
financial performance is strong, with a lower PE ratio compared to the industry average,
a higher dividend yield, and a higher return on equity. These factors suggest that TCS
may be undervalued compared to its industry peers and could potentially provide a
higher return on investment for investors.

Basic EPS and Diluted EPS

250

200

150

100

50

0
1 2 3 4 5

Basic EPS (Rs.) Diluted EPS (Rs.)

Market Aspects
TCS operates in various industries, including Banking, Financial Services and Insurance
(BFSI), Retail, Life Sciences and Healthcare, Manufacturing, Technology and Services, and
Communication and Media. The company's revenue mix is diverse, with BFSI
contributing 32.1%, Retail 15%, Life Science and Healthcare 10%, Manufacturing 9.9%,
Technology and Services 8.7%, and Communication and Media 6.7%. This diversification
helps the company mitigate risks and capitalize on opportunities across different sectors.

Future Trends
TCS has shown consistent growth in its revenue and net profit over the past five
years. The company's revenue grew from ₹ 1,267,460 m in FY18 to ₹ 1,957,810 m in
FY22, representing a CAGR of 11.5%. Similarly, its net profit grew from ₹ 315,620 m in
FY19 to ₹ 384,490 m in FY22, with a CAGR of 10.4%. These growth figures indicate a
strong financial performance and a positive outlook for the company's future.

Market Predictions
TCS is expected to continue its growth trajectory in the coming years. Analysts predict
that the company's share price will reach ₹ 3,975 in 2024, with a range of ₹ 3,800 to ₹
4,150. By 2025, the share price is projected to hit ₹ 4,969, ranging between ₹ 4,750 and
₹ 5,188. The company's future growth prospects are driven by its strong market position,
innovative offerings, and strategic positioning in emerging technologies like digital
transformation, cloud services, AI, cybersecurity, blockchain. In conclusion, TCS's
financial position is strong, and its market aspects are diverse. The company's future
trends indicate consistent growth and market predictions suggest continued success.
Investors should consider these factors when evaluating TCS as a potential investment
opportunity.

 Company Analysis of HCL Technologies

HCL Technologies, a leading global IT services company, has shown consistent growth
and profitability over the years. Here's a comprehensive analysis of the company's
financial performance and key metrics:

Financial Performance
Over the past five years, HCL Technologies has experienced a steady increase in revenue,
with a CAGR of 13.8%. The company's net profit has also grown at a CAGR of 10.1%
during the same period. In the fiscal year 2023, the net profit stood at Rs 148,450
million, which was up 9.8% compared to Rs 135,230 million reported in the previous
year.

PROFIT/LOSS AFTER TAX AND BEFORE EXTRAOR-

DINARY ITEMS
14,000.00

12,000.00

10,000.00

8,000.00

6,000.00

4,000.00

2,000.00

0.00
1 2 3 4 5

PE Ratio
HCL Technologies has a PE ratio of 26.6. This ratio indicates the price of the stock in
relation to the company's earnings. A higher PE ratio suggests that the stock is
overvalued, while a lower PE ratio indicates that the stock is undervalued.
Dividend Yield
HCL Technologies has a dividend yield of 3.38%. The dividend yield is calculated by
dividing the annual dividend per share by the current stock price. A higher dividend yield
indicates a higher return on investment, while a lower dividend yield may suggest a
lower return.
Market Capitalization
HCL Technologies has a market capitalization of ₹4,17,592 Cr as of March 25,
2024. Market capitalization is the total value of a company's outstanding shares of stock.
A higher market capitalization generally indicates a larger, more established company.
Return on Equity (ROE)
HCL Technologies has a return on equity (ROE) of 23.0%. ROE measures the profitability
of a company to its shareholder equity. In other words, the return on equity ratio shows
how much profit each rupee of common stockholders' equity generates.
Earnings Per Share (EPS)
HCL Technologies has a diluted EPS of ₹42.27. EPS is calculated by dividing the company's
net income by the number of outstanding shares of stock. A higher EPS indicates that the
company is earning more per share, which can be a sign of a profitable company. In
conclusion, HCL Technologies has a PE ratio of 26.6, a dividend yield of 3.38%, a market
capitalization of ₹4,17,592 Cr, an ROE of 23.0%, and a diluted EPS of ₹42.27. These ratios
provide insights into the company's financial performance and valuation.

EPS: Basic Vs. Diluted

140

120

100

80

60

40

20

0
1 2 3 4 5

Basic EPS (Rs.) Diluted EPS (Rs.)

Operating Income and Profit

The company's operating income rose by 18.5% on a year-on-year (YoY) basis, and the
operating profit increased by 10.2% YoY during the fiscal year.

Debt to Equity Ratio

HCL Technologies has a low debt-to-equity ratio, which indicates a strong financial
position. The ratio stood at 0.10 in the fiscal year 2023.

Market Capitalization and Share Price

 As of April 5, 2024, the market capitalization of HCL Technologies was ₹4,16,683.28 Cr,
and the share price was ₹1,544.50. The 52-week high for the stock was ₹1,696.50, while
the 52-week low was ₹1,16.45.

Return on Equity (ROE)

The return on equity for HCL Technologies was 27.38% in the fiscal year 2023.

80.00 Returns

60.00

40.00

20.00

0.00
Apr 10, 2024 Feb 26, 2024 Jan 12, 2024 Dec 01, 2023 Oct 18, 2023 Sep 05, 2023 Jul 25, 2023 Jun 13, 2023 May 03, 2023

-20.00

-40.00

-60.00

Dividend Yield
The dividend yield for HCL Technologies was 4.42% in the fiscal year 2023.

Conclusion
HCL Technologies has shown strong financial performance and growth over the years,
with a consistent increase in revenue, net profit, and operating income. The company's
low debt-to-equity ratio and strong market position indicate a solid financial position.
Investors interested in the IT services sector may consider HCL Technologies as a
potential investment option.

 Company Analysis and Ratio Analysis of LTI Mindtree

LTI Mindtree, a subsidiary of Larsen & Toubro, is a global technology consulting and
digital solutions company. The company was formed after the merger of Larsen & Toubro
Infotech (LTI) and Mindtree in May 2022. This merger created the fifth-largest IT
company in India on a market capitalization basis, with a combined annual revenue of
over USD 3.5 billion as of March 31, 2022. In this analysis, we will focus on the
company's financial performance and key ratios. Financial Performance:
According to the latest financial reports, LTI Mindtree's total debt is $75.28 million. The
company's profitability score is 73/100, indicating that it is a profitable company. In the
past year, LTI Mindtree shares have given a return of only 14%.

 Profit Margin: The profit margin for LTI Mindtree is 16%.

24,500
Cash Balance
24,003
24,000

23,500 23,389

23,000 22,926

22,500
Axis Title

22,168
22,000
21,627
21,500

21,000

20,500

20,000
1 2 3 4 5
Axis Title
 Return on Equity (ROE): The ROE for LTI Mindtree is 37%.

Returns
300.00

200.00

100.00

0.00
Apr 10, 2024Feb 23, 2024 Jan 10, 2024Nov 28, 2023Oct 12, 2023Aug 29, 2023 Jul 17, 2023 Jun 02, 2023 Apr 20, 2023

-100.00

-200.00

-300.00

 Earnings Per Share (EPS): The EPS for LTI Mindtree is 18.9 billion INR.

Basic EPS Vs. Diluted EPS

250

200

150

100

50

0
1 2 3 4 5

Basic EPS (Rs.) Diluted EPS (Rs.)

 Price-to-Earnings (P/E) Ratio: The P/E ratio for LTI Mindtree is 34.

Liquidity Ratios:
1. Current Ratio: The current ratio for LTI Mindtree is 1.9.
2. Quick Ratio: The quick ratio for LTI Mindtree is 1.5.

Debt Ratios:
1. Debt-to-Equity Ratio: The debt-to-equity ratio for LTI Mindtree is 0.1.
Investment Ratios:
1. Return on Capital Employed (ROCE): The ROCE for LTI Mindtree is 41%.
2. Return on Invested Capital (ROIC): The ROIC for LTI Mindtree is 48%.

Conclusion:
LTI Mindtree, with its strong financial performance and favourable ratios, is a promising
investment option. The company's profitability, liquidity, and investment ratios indicate
its ability to generate profits and manage its capital effectively. However, investors
should consider the company's recent decline in stock performance and the overall
performance of the IT software sector before making an investment decision.

 Company Analysis of Apollo Hospitals Ltd.

Apollo Hospitals Enterprise Limited (APOLLOHOSP.NS) is a leading healthcare provider in

India, with a current revenue (TTM) of $2.20 billion. In 2022, the company reported a
revenue of $1.96 billion, an increase of 5.12% over the previous year's revenue of $1.87
billion. The company's revenue has been consistently growing over the years, with a
32.31% increase in 2021 compared to 2020.

Returns
300.00

200.00

100.00

0.00
Apr 10, 2024 Feb 23, 2024 Jan 11, 2024 Nov 29, 2023Oct 13, 2023Aug 30, 2023 Jul 18, 2023 Jun 05, 2023 Apr 21, 2023

-100.00

-200.00

-300.00

-400.00
Profit
Apollo Hospitals' profit has also been on the rise. In the third quarter of FY24, the
company reported a consolidated net profit of Rs 245.3 crore, a 60% jump compared to
the same period in FY23. The company's earnings before interest, taxes, depreciation,
and amortization (EBITDA) were at Rs 6,13.7 crore in Q3 FY24, compared to Rs 505.3
crore in Q3 FY23.

Profit
1,200.00

1,000.00

800.00

600.00

400.00

200.00

0.00
1 2 3 4 5

Market Share
The company's market share is significant, with a market capitalization of Rs 93,532.64
Cr, making it the top-ranked company in the Hospitals & Allied Services sector. Apollo
Hospitals' growth rate has been steady, with an 8.5% increase in revenue to Rs 4,792.30
crore in the quarter compared to Rs 4,417.80 crore in the previous quarter.

EPS
Basic EPS (Rs.) Diluted EPS (Rs.)

75.45

46.25

33.8
75.45
21.76
46.25
33.8
7.5 21.76
7.5
1 2 3 4 5
Future Trends
In terms of future trends, Apollo Hospitals aims to turn its digital health and pharmacy
business profitable by the end of fiscal 2024. The company is also planning to set up
seven new hospitals with 2,300 beds at an investment of Rs 3,400 crore between 2025
and 2027.

Conclusion
In conclusion, Apollo Hospitals Enterprise Limited is a financially robust company with a
strong revenue and profit growth rate. Its market share is significant, and it has plans for
future expansion. The company's digital health and pharmacy business is expected to
become profitable soon, and the company is also planning to set up new hospitals.

 Company Analysis of Max Healthcare Ltd.

Max Healthcare Institute Ltd. is a company operating in the Hospitals & Allied
Services sector, with a market capitalization of Rs 73,810.19 Crore as of the latest
available data. The company's financial performance can be analyzed based on
several key metrics, including revenue, profit, market share, PE ratio, dividend yield,
and EPS.

Revenue:
In the last fiscal year, Max Healthcare Institute Ltd. reported revenues of Rs 40,681
million. The company's revenue has been growing steadily over the years, with a
53.9% increase from the previous year.

Returns
60

40

20

-20

-40

-60

-80

Profit:
The company's profitability has also been increasing, with a profit before tax of Rs
7,389 million in the last fiscal year. This represents a significant increase from the
previous year, where the company reported a loss before tax of Rs -687 million.

PROFIT/LOSS AFTER TAX AND BEFORE EXTRAORDINARY

ITEMS
800

600

400

200

0
1 2 3 4 5

-200

-400

Market Share:
Max Healthcare Institute Ltd. holds a significant market share in the healthcare sector.
However, specific market share data was not available in the provided search results.
PE Ratio: The PE ratio of Max Healthcare Institute Ltd. is 68.97, indicating that the
company's stock is overvalued compared to its earnings.

Dividend Yield:
The company's dividend yield is 10.88%. This is a relatively high dividend yield
compared to other companies in the sector.

EPS:
Max Healthcare Institute Ltd.'s EPS (Basic) for the trailing twelve months (TTM) ended
in Sep. 2023 was ₹10.20.
Chart Title
Basic EPS (Rs.) Diluted EPS (Rs.)

7.16

3.42
7.16
3.42
-0.05 -0.43
-0.43
1 2 -1.91
3 4 5
-1.91
 Conclusion
In conclusion, Max Healthcare Institute Ltd. has shown a strong financial performance
in the last fiscal year, with increasing revenues and profitability. However, the
company's PE ratio suggests that the stock may be overvalued. The company's high
dividend yield is a positive sign for income-focused investors.

Company analysis of Global Health Ltd.

Global Health Limited (GHL) reported a 52% increase in consolidated net profit at Rs
123 crore for the third quarter ended December 2023. The increase was primarily
driven by increased in-patient volume and improved realization. Revenue from
operations rose to Rs 833 crore in the third quarter of the current fiscal from Rs 694
crore in the year-ago period. As of April 10, 2024, the share price of Global Health Ltd.
is ₹1,426.60, with a P/E ratio of 114.95 and a PB ratio of 15.442. The company's
market cap is ₹37,483.63 Cr.

The specific financial stats and ratios for Global Health Ltd. are as follows:
 Revenue:
As of the third quarter of the current fiscal year, the revenue from operations was Rs
833 crore.

Returns
100.00

80.00

60.00

40.00

20.00

0.00
Apr 10, 2024 Feb 23, 2024 Jan 10, 2024 Nov 28, 2023Oct 12, 2023Aug 29, 2023 Jul 17, 2023 Jun 02, 2023 Apr 20, 2023
-20.00

-40.00

-60.00

-80.00

-100.00

 Net Profit:
 The consolidated net profit for the third quarter of the current fiscal year was Rs 123
crore, a 52% increase from the year-ago period.

 Share Price:
The share price of Global Health Ltd. is ₹1,426.60 as of April 10, 2024.

 P/E Ratio:
The P/E ratio of Global Health Ltd. is 114.95 as of April 10, 2024.

 Market Cap:
The market capitalization of Global Health Ltd. is ₹37,483.63 Cr as of April 10, 2024.

 Dividend Yield:
Dividend yield information is not available in the provided search results.
EPS: The EPS-TTM (trailing twelve months) for Global Health Ltd. is 16.83

 Company Analysis of HUL

Hindustan Unilever Limited (HUL) is one of the leading FMCG companies in India, with
a market capitalization of Rs 5,66,181 Crore as of April 12, 2024. The company's
revenue for the year ending March 31, 2023, was Rs 61,092 Crore INR. HUL's net
profit for Q3 FY24 was Rs 2,519 Crore, which is a 0.55% increase compared to the
same quarter in the previous year. The company's operating margin is 22.72% as of
April 2024.

Prices
HUL's 52-week high was Rs 2,769.65, and the 52-week low was Rs 2,346.75. The
company's stock price on April 12, 2024, was Rs 2,416.20.
 Return
80.00

60.00

40.00

20.00

0.00
Apr 10, 2024Feb 23, 2024 Jan 10, 2024Nov 28, 2023Oct 12, 2023Aug 29, 2023 Jul 17, 2023 Jun 02, 2023 Apr 20, 2023
-20.00

-40.00

-60.00

-80.00

-100.00

Revenue
HUL's home care division saw a marginal decline in revenue with mid-single digit UVG
(Underlying Volume Growth) in Q3 FY24, while the beauty and personal care revenue
remained flat with mid-single digit UVG. The company's total sales grew by 3% to Rs
15,364 Crore in Q2FY24.

PROFIT/LOSS FOR THE PERIOD

12,000.00

10,000.00

8,000.00

6,000.00

4,000.00

2,000.00

0.00
1 2 3 4 5

Market Segmentation
The company has 19 brands with turnover exceeding ₹1,000 crore, with the beauty
and personal care segment seeing a 12% revenue growth of ₹21,831 crore. In the
food and refreshment segment, the company saw 5% revenue growth with ₹14,876
crore revenues.
 EPS
90

80

70

60

50

40

30

20

10

0
1 2 3 4 5

Basic EPS (Rs.) Diluted EPS (Rs.)

Operating Profit
HUL's operating profit margin ratio has fallen by -3.39% compared to the previous
financial year, with the highest operating margin ratio in the last five years being
22.23 on March 22. The latest operating margin ratio is 21.48, which is lower than the
average operating margin of 21.79 in the last five years.

Company analysis of Adani Power.

Adani Power Limited, a prominent thermal power producer in India, has showcased
robust financial performance and strategic initiatives. Here are the latest financial
stats for Adani Power Ltd:

 Revenue:
The company reported a revenue of INR 472.30 billion in the trailing twelve months
(TTM).
 Re turn
80.00

60.00

40.00

20.00

0.00
Ap r 1 0 , 2 0 2 4 Feb 1 5 , 2 0 2 4 D ec 2 2 , 2 0 2 3 Oc t 3 1 , 2 0 2 3 Sep 0 6 , 2 0 2 3 J u l 1 7 , 2 0 2 3 May 2 5 , 2 0 2 3
-20.00

-40.00

-60.00

-80.00

-100.00

 Net Income:
Adani Power recorded a net income of INR 233.34 billion in the TTM period.

PROFIT/LOSS FOR THE PERIOD

9,962.00

8,818.00
7,954.00

6,738.00
6,036.00

1 2 3 4 5

 Employees:
The company has a workforce of approximately 2,810 employees.

 Market Cap:
The market capitalization of Adani Power Ltd stands at INR 2.38 trillion.

Financial Ratios:

 EPS: Earnings Per Share reflects (9.2) the company's profitability per outstanding
share.
EPS
90

80

70

60

50

40

30

20

10

0
1 2 3 4 5

Basic EPS (Rs.) Diluted EPS (Rs.)

  Current Ratio: The company's current ratio is 1.15, showing its ability to meet short-
term liabilities.
 ROE: Adani Power has a Return on Equity of 18.40%, indicating strong profitability
from shareholder investments.
 Debt to Equity Ratio: The D/E ratio of 1.16 signifies a low proportion of debt in the
company's capital structure.
 Inventory Turnover Ratio: Adani Power's efficient inventory turnover ratio of 16.19
reflects effective management.
 Sales Growth: The company reported a revenue growth of 32.37%, showcasing
positive performance.
 Operating Margin: Adani Power's operating margin for the current financial year is
25.41%.

 Company Analysis of Larsen & turbo

Larsen & Toubro (L&T) is a major technology, engineering, Construction,

manufacturing, and financial services conglomerate with global operations. Here
is a comprehensive analysis of the company's latest financial stats:

Key Financial Stats:

 Stock Price: ₹1,398.90, down by 26.80 (1.88%)
 P/E Ratio: 92.02
 Revenue: ₹57,017 crore

Company Analysis of Engineers India.

Engineers India Ltd. is a mid-cap company operating in the Services sector, with a market
capitalization of Rs 10,414.65 Crore as of March 2023. The company's primary products and
revenue segments include Turnkey Projects and Engineering Consultancy. Engineers India
Ltd. has a strong financial position, with no debt for the past five years and an annual
revenue growth of 14.85%, outperforming its 3-year CAGR of 0.02%. The company's Return
on Capital Employed (ROCE) stands at 16.6% as of March 2024, indicating a stable financial
performance.

Financial Analysis
 The company's third-quarter earnings for the year ending December 31, 2023,
reported sales of INR 8,981.39 million, representing a 6.6% increase from the same
period last year.

Return
80.00

60.00

40.00

20.00

0.00
Apr 10, 2024Feb 23, 2024 Jan 10, 2024Nov 28, 2023Oct 12, 2023Aug 29, 2023 Jul 17, 2023 Jun 02, 2023 Apr 20, 2023
-20.00

-40.00

-60.00

-80.00

-100.00

 Net income for the quarter was INR 633.49 million, up by 293% from the third
quarter of 2023.
 PRO FIT/ LO SS FO R TH E PERIO D

9,962.00

8,818.00
7,954.00

6,738.00
6,036.00

1 2 3 4 5

 The increase in profit margin was driven by higher revenue, with the company
reporting a 7.1% profit margin, up from 1.9% in 2024.
EPS
90

80

70

60

50

40

30

20

10

0
1 2 3 4 5

Basic EPS (Rs.) Diluted EPS (Rs.)

In conclusion, Engineers India Ltd. is a financially stable company with a solid track record
and good financial performance. However, investors should be aware of the company's
recent earnings miss and consider conducting further research before making investment
decisions.
  Company analysis of HAL

Established in 1940, Hindustan Aeronautics Limited (HAL) is India's premier aerospace and
defense company. They design, develop, manufacture, repair, and overhaul aircraft,
helicopters, engines, avionics, and other defense equipment. HAL has played a pivotal role
in safeguarding India's airspace and has been instrumental in the country's indigenous
aircraft development programs.

The company has witnessed significant growth over the years, expanding its product
portfolio and technological capabilities. HAL is a key driver of India's self-reliance in the
defense sector.

Strengths:
 Profitable Growth: HAL boasts a healthy profit growth rate, exceeding 26% in the last
3 years. This indicates strong financial performance.
 Solid Return Ratios: Return on Equity (ROE) and Return on Capital Employed (ROCE)
both sit comfortably above 25% for the past 3 years, signifying efficient use of
shareholder and invested capital.
  Minimal Debt: The company is practically debt-free, a significant strength in today's
economic climate. This translates to a high Interest Coverage Ratio (over 100),
indicating ample capacity to service any existing debt.
 Healthy Margins: HAL maintains impressive operating margins, averaging over 23% in
the last five years. This demonstrates their ability to generate profits from their core
operations.
 Strong Cash Flow: The company exhibits excellent cash flow management, with a
Cash Flow from Operations to Profit After Tax (CFO/PAT) ratio exceeding 1.45. This
implies they are effectively converting profits into cash.
 Stable Ownership: The government holds a significant stake (over 71%), providing
stability and long-term vision.

Daily Returns

Returns
200.00

150.00

100.00

50.00

0.00
Apr 10, 2024Feb 23, 2024 Jan 10, 2024Nov 28, 2023Oct 12, 2023Aug 29, 2023 Jul 17, 2023 Jun 02, 2023 Apr 20, 2023
-50.00

-100.00

-150.00

-200.00

-250.00

Current Financials (to be confirmed with latest reports):

 PE Ratio: 38.81
 EPS: 91.86
 EPS
Basic EPS (Rs.) Diluted EPS (Rs.)

173.79
152.11

96.68
84.7
70.16
173.79
152.11
96.68 84.7 70.16

1 2 3 4 5

 Dividend Yield: 0.54

 ROE: 24%

Conclusion
HAL's strong financials, minimal debt, and government backing position it for success.
However, further research into valuation, analyst ratings, and industry outlook is crucial
before investment decisions.
  BOND ANALYSIS

 Tata Capital Housing Finance Limited

Yield: 8.19%
coupon Rate: 8.4%
Issue date: 14-JAN-2020
Maturity: 14-JAN-2028
Int Pay Frequency: SEMI-ANNUALLY
Face Value: ₹1000
Invested Amount: ₹100000
Interest gain: ₹31643.84

Tata Capital Housing Finance Limited (TCHFL) is a wholly-owned subsidiary of

Tata Capital Limited and is registered as a Housing Finance Company with the
National Housing Bank (NHB) to carry on housing finance activities. The
company primarily offers Home Loans, Loans Against Property, and Loans to
Developers for constructing Residential and Commercial premises. TCHFL has
been classified as a Middle Layer Non-Banking Financial Company (NBFC-ML) by
the Reserve Bank of India (RBI).
In the financial year 2022-23, the company disbursed mortgage loans
amounting to Rs. 11,557 crores, representing an increase of 124% from the
previous year. The company's loan portfolio stood at Rs. 29,311 crores as of
March 31, 2022, representing an increase of 15% from the previous year. The
Cost to Income ratio increased to 37.7% in FY 2022-23, as compared to 32.5% in
FY 2021-22. The Net Profit after Tax for the year increased by 44%, from Rs. 569
crores in FY 2021-22 to Rs. 821 crores in FY 2022-23, primarily on account of
higher Net Interest Margin (NIM).
TCHFL has a strong capital and liquidity position, with a Capital Adequacy Ratio
(CAR) of 18.2% as on March 31, 2023, against the CAR of 15% prescribed by the
RBI. The company has complied with and continues to comply with all applicable
provisions of the Act, the National Housing Bank Act, 1987, and other applicable
rules/regulations/guidelines, issued and amended from time to time.
India Ratings and Research (Ind-Ra) has affirmed TCHFL's bond and bank loan
ratings as 'IND AAA'/Stable, indicating the company's strong financial position
and ability to meet its debt obligations. The company's bonds and bank loans
are traded and settled on Dirty Price, which includes accrued interest, if any.
In summary, Tata Capital Housing Finance Limited is a strong and stable housing
finance company with a solid financial position and a strong capital and liquidity
position. The company's bonds and bank loans have been affirmed as 'IND
AAA'/Stable by India Ratings and Research, indicating the company's ability to
meet its debt obligations.
 Quant ELSS Tax Saver Fund Direct Growth.

Quant ELSS Tax Saver Fund Direct-Growth is a mutual fund scheme that
primarily invests in equity shares with growth potential. The scheme aims to
generate capital appreciation and provide dividend and other income. The
current NAV (Net Asset Value) of the fund as of March 22, 2024, is Rs 109.10
for the growth option of its direct plan. The fund's trailing returns over
different time periods are 41.1% (1yr), 18.05% (3yr), 14.72% (5yr), and
16.96% (since launch). The fund size is Rs 170.23 Cr as of February 29, 2024,
and the expense ratio for the direct plan is 0.90%. The fund does not attract
any exit load, and the minimum investment required is Rs 500 for lumpsum
mode and Rs 500 for SIP investment. The fund is managed by Vasav Sahgal
and Ankit A. Pande. The top 5 stocks in the portfolio are Reliance Industries
Ltd., Adani Power Ltd., Aurobindo Pharma Ltd., Hindalco Industries Ltd., and
Sun Pharmaceutical Industries Ltd. The fund's risk level is very high, and it
belongs to the ELSS category of funds. The investment objective of the
 scheme is to generate capital appreciation by investing predominantly in a
well-diversified portfolio of equity shares with growth potential.

NAV: ₹ 408.03
CRISIL Rank: 5 Star
Fund Size: 7769.92 Cr.
Expense Ratio: 0.76%
Risk: High
Investable Amt: 100000
Expected Amt at Maturity: ₹ 1,63,290
Expected Return (%): 63.29%

RETURNS
Period ₹10000
Latest Absolute Annualized Rank within
Investe Invested Category Avg.
Value Returns Returns Category
d for on
1 Week 03-Apr-24 10110.5 1.10% - 1.61% 53/57
1 Month 07-Mar-24 10271.6 2.72% - 2.86% 35/57
3 Month 10-Jan-24 11427.5 14.27% - 7.18% Jan-57
6 Month 10-Oct-23 13632.2 36.32% - 20.37% Jan-57
YTD 01-Jan-24 11488.8 14.89% - 7.99% Feb-56
1 Year 10-Apr-23 16420.3 64.20% 63.98% 43.98% Jan-56
2 Year 08-Apr-22 16008.2 60.08% 26.40% 20.14% May-52
3 Year 09-Apr-21 23192.6 131.93% 32.30% 22.65% Jun-52
5 Year 10-Apr-19 43328.2 333.28% 34.03% 20.08% Jan-50
10 Year 10-Apr-14 106431.3 964.31% 26.66% 17.44% Jan-25
Since
Inceptio 07-Jan-13 104798.1 947.98% 23.20% 18.48% Jul-53
n
  Conclusion
According to my overall analysis, my portfolio would be able
to generate a 112.28% return from equity, 63.9% return
from Bonds, around 30% from Mutual Funds.
S.no Indusrty Name Price Quantity Invested Buy Price Invested Amt. Current Value Absolute Change Risk Expected Return
Tata Consultancy
A
1 IT ₹ 3,891.60 23.96%
Services Ltd 4 ₹ 10,000 2500 10000 ₹ 15,566.40 ₹ 5,566.40 30.0776
HCL Technologies
2 IT ₹ 1,559.90 40%
Ltd 8 ₹ 10,000 1250 10000 ₹ 12,479.20 ₹ 2,479.20 16.87
3 IT LTIMindtree Ltd 5%
RISK
₹ 4,991.15 4 ₹ 10,000 2500 10000 ₹ 19,964.60 ₹ 9,964.60 68.92
Apollo Hospitals
4 Health care ₹ 6,397.75 50%
Enterprise Ltd 3 ₹ 15,000 5000 15000 ₹ 19,193.25 ₹ 4,193.25 76.5
Max Healthcare
5 Health care ₹ 804.90 94%
Institute Ltd 20 ₹ 15,000 750 15000 ₹ 16,098.00 ₹ 1,098.00 14.6
6 Health care Global Health Ltd ₹ 1,365.95 188%
12 ₹ 15,000 1250 15000 ₹ 16,391.40 ₹ 1,391.40 19.96
Hindustan
7 FMCG ₹ 2,375.55 12%
Unilever Ltd 8 ₹ 15,000 2000 16000 ₹ 19,004.40 ₹ 4,004.40 22.43
8 FMCG ITC Ltd ₹ 459.30 33 ₹ 15,000 450 14850 ₹ 15,156.90 ₹ 156.90 4.85
8.13% Inves
9 FMCG Nestle India Ltd ₹ 2,462.90 28.77%
7 ₹ 15,000 2400 16800 ₹ 17,240.30 ₹ 2,240.30 26.72
Adani Green
10 ENERGY 1909 90.06%
Energy Ltd 11 ₹ 20,000 1900 20900 ₹ 20,999.00 ₹ 999.00 35.83
Jaiprakash Power Expec
11 ENERGY 17.95 205.93%
Ventures Ltd 1143 ₹ 20,000 17.5 20002.5 ₹ 20,516.85 ₹ 516.85 0.41
KPI Green Energy
12 ENERGY 1732 508.03%
Ltd 12 ₹ 20,000 1700 20400 ₹ 20,784.00 ₹ 784.00 31.88
13 INFRA. Larsen & Toubro 3758.8 59.69%
6 ₹ 20,000 3500 21000 ₹ 22,552.80 ₹ 2,552.80 35.76
14 INFRA. IRB Infra.Devl. 69.35 154.39%
290 ₹ 20,000 69 20010 ₹ 20,111.50 ₹ 111.50 1.41
15 INFRA. Engineers India 223 193.09% Inves
100 ₹ 20,000 200 20000 ₹ 22,300.00 ₹ 2,300.00 5.59
16 Defence& Aerospace
Bharat Dynamics
1768.45 77.97%
Coup
Ltd 12 ₹ 20,000 1750 21000 ₹ 21,221.40 ₹ 1,221.40 36.9
Hindustan
17 Defence& Aerospace 3565.4 157.61%
Aeronautics Ltd. 6 ₹ 20,000 3300 19800 ₹ 21,392.40 ₹ 1,392.40 44.4
Solar Industries
18 Defence& Aerospace 8,634.20 124.61%
India Ltd 3 ₹ 20,000 6600 19800 ₹ 25,902.60 ₹ 5,902.60 15.5