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1.1.3LISTING OF SHARE
Listing of shares, on a stock exchange, means, such shares can be bought and sold, in
stock exchange.
A Company, which intends to issue shares, through prospectus, shall have to apply to
one or more stock exchanges, for getting its shares listed.
1.2.2 OBJECTIVES
1. Acquire and train clients - The acquisition of clients is done by existing client
references, issuing pamphlets, local ads, and telemarketing.
2. Platform for better trading.
3. Brokerage reduction.
4. Providing exposure about the market.
1.2.4 SERVICES
They are constantly thinking creatively, searching for innovations, and working hard to
introduce new services. We offer online trading in more than 52 commodity future contracts.
To enhance client relationship, they offer Pro-active Relationship Management:
1. Educating and providing awareness about commodities futures markets to clients.
2. Dedicated relationship team to answer client queries round the clock related to any of
the Commodities.
3. Studying price movements and advising clients in trading opportunities on real time
basis using various tools.
4. Trading Recommendations / Alerts to clients on actively traded commodities via
online messenger Flash on ODIN terminals.
Bank Employees
Government and Period Employee
Business people
Insurance Agents
House wifes
They started their operations in the year 2005 with number of ten CTCL
2006
2007
2008
Launched operations with on-line trading MCX and MCDEX under one
terminal with Single a/c management.
2009
2010-2011
Hierarchy Structure
V
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1.2.9 COMPETITORS
Adventures India
RELIGARE
Value Adds
KARVY
Business-case analysis
Business and technical requirements
Feasibility study, technology research
Software project planning, management
10
11
CHAPTER II
2.1 THE STUDY ON FUNDAMENTAL AND TECHNICAL ANALYSIS
Fundamental analysis is really a logical systematic approach to estimating the future
dividends share price. An investor like to be rational and scientific in his investment activity
has to evaluate a lot of information about the past performance and the expected future
performance of companies, industries and the economy as a whole before taking the
investment decision.
It is based on the basic premise that share price is determined by a number of
fundamental factors relating to the economy, industry, and companies. For this,
fundamentalist makes use of the EIC framework of analysis. The analysis of economy,
industry and company fundamentals constitute the main activity in the fundamental approach
to security analysis. These can be viewed as different stages in investment decision-making
process.
Technical analysis can provide useful insights into the best time to buy, perhaps
because of some innate truth, but probably just because so many people believe in their
validity many technical signals are in fact very useful and reliable indicators of at least the
very short term future price movements. At any rate the fundamental basis of a good technical
analyst's trading method boils down to "run your profits and cut your losses", which
usually means hanging on to an up trending stock and ditching it when it starts to sfalter.
Merely following a trend can be a profitable and honorable profession, and sophisticated
trading methods frequently are little more than a few bells and whistles attached to a simple
concept of going with the trend. Those who completely ignore technical methods out of hand
are often proven right in the end, but aren't likely to have bought at the best possible time.
Technical analysis it is alternative approach to the study of stock price behavior.
12
A STUDY ON
FUNDAMENTAL AND TECHNICAL ANALYSIS OF
SELECTED SCRIPT IN VARIOUS INDUSTRIES
13
14
15
16
CHAPTER III
3.1 RESEARCH METHODOLOGY
3.1.1 TYPE OF STUDY:
It has been study on Analytical analysis. The study had been exploratory as it aims at
examining the secondary data for analyzing the previous researches that have been done in
the area of technical and fundamental analysis of stocks. The knowledge thus gained form
this preliminary study forms the basis for the further detailed Analytical research. In the
exploratory study, the various technical indicators that are important for analyzing stock were
actually identified and used to analyze the trend and predicting the price movement.
ALPHA
BETA
STANDARD DEVIATION
RETURN
17
18
19
2. INFLATION
Inflation prevailing in the economy has considerable impact on the performance of
companies. Higher rates of inflation upset business plans, lead to cost escalation and result in
squeeze on profit margins. On the other hand, inflation leads to erosion of purchasing power
in the hands of consumers. This will result in lower demand for products. Thus, high rates of
inflation in an economy are likely to affect the performance of companies adversely.
Industries and companies prosper during times of low inflation.
Inflation is measured both in terms of wholesale prices through the wholesale price
index. (WPI) and in terms of retail prices through the consumer price index (CPI). These
figures are available on weekly or monthly basis. As part of the fundamental analysis, an
investor should evaluate the inflation rate prevailing in the economy currently as also the
trend of inflation likely to prevail in the future.
20
3. EXCHANGE RATES
The performance and profitability of industries and companies that are major
importers or exporters are considerably affected by the exchange rates of the rupee against
major currencies of the world. A depreciation of the rupee improves the competitive position
of Indian products in foreign markets, thereby stimulating exports. But it would also make
imports more expensive. A company depending heavily on imports may find devaluation of
the rupee affection its profitability adversely.
The exchange rates of the rupee are influenced by the balance of trade deficit, the
balance of payments deficit and also the foreign exchange reserves of the country. The excess
of imports over exports is called balance of trade deficit. The balances of payments deficit
represents the net difference payable on account of all transactions such as trade, services and
capital transactions. If these deficits increase, there is a possibility that the rupee may
depreciate in value.
21
1.1 TABLE
GROWTH
RATE
YEARS
2007-08
2008-09
2009-10
Q1 : 9.2% Q1 : 7.8%
Q1 : 6.0%
Q2 : 9.3% Q2 : 7.5%
Q2 : 8.6%
Q3 : 8.8% Q3 : 6.1%
Q3 : 6.5%
Q4 : 8.8% Q4 : 5.8%
Q4 : 8.6%
2010-11
Q1 : 8.5%
Q2 : 7.6%
Q3 : 8.2%
Q4 :9.2%
2011-12
Q1 : 8.0%
Q2 : 6.7%
Q3 : 6.1%
Q4 : 5.3%
Interpretation
1. GDP growth rate is a sub tool for economic analysis. The GDP growth rate will also
reflect in the Indian stock market. Because if total production of the product and
services decreases in the year the economic growth rate will also decreasing.
2. India's economy grew at a dismal rate of 5.3 per cent in the quarter ended March
2012, against expectations of 6.1 per cent.
3. When compared to 2007-08, GDP is in decreasing trend during 2007-08 GDP was
9.025% which was gradually decreased to 6.525%.
4. Year 2007-08 had the highest GDP growth when compared to remaining 4 years.
22
1.1 CHARTS
GDP GROWTH
Q1
Q2
Q3
8.6
8.6
7.8 7.5
9.2
8.5
7.6
6.1 5.8
2007-08
Q4
2008-09
8.2
8
6.7
6.5
6.1
5.3
2009-10
23
2010-11
2011-12
2008
4.28%
4.03%
3.98%
3.94%
4.18%
5.02%
5.60%
5.37%
4.94%
3.66%
1.07%
0.09%
2009
0.03%
0.24%
-0.38%
-0.74%
-1.28%
-1.43%
-2.10%
-1.48%
-1.29%
-0.18%
1.84%
2.72%
2010
2.63%
2.14%
2.31%
2.24%
2.02%
1.05%
1.24%
1.15%
1.14%
1.17%
1.14%
1.50%
2011
1.63%
2.11%
2.68%
3.16%
3.57%
3.56%
3.63%
3.77%
3.87%
3.53%
3.39%
2.96%
2012
2.93%
2.87%
2.65%
2.30%
1.70%
1.66%
1.41%
1.69%
1.99%
2.16%
1.76%
1.74%
Interpretation:
Average inflation rate during the year 2008 to 2012 was 3.85%, -0.34%,
1.64%, 3.16%, 2.07% respectively.
On seeing the above chart we can identify that inflation rate was
decreasing trend from 2008 onwards.
During the year 2009 there occurred deflation.
Both high and low rate of inflation effects the growth of economy in
favorable as well as in unfavorable way.
Even increase in inflation effects the nations over all GDP rate.
24
Chart 1.2
6
5
jan
feb
mar
3
percentage
apr
may
jun
jul
2008
2009
2010
2011
2012
aug
sep
-1
oct
-2
nov
-3
dec
year
25
Average
Min
Max
43.5
48.4
45.7
46.7
53.4
39.1
46.0
44.0
44.1
48.8
50.2
52.3
47.7
53.9
57.2
Interpretation
Fluctuation of dollar rate effects the economy vibrantly.
Increase in dollar rate helps exporters but it effects badly to importers in
India.
Even increase in dollar rate increases the prices of goods which we
import.
Fluctuation of dollar rate needs to maintained or else it effects the balance
of payment.
On seeing the above chart we can say that from the year 2008 to 2011,
dollar rate doesnt fluctuated much.
But in year 2012 on an average dollar rate reached its maximum with Rs
53.4
26
Chart 1.3
50.2
43.5
39.1
2008
48.4 46
52.3
2009
Min
Max
53.9
45.7 44 47.7
2010
27
46.7
44.1
2011
57.2
53.4
48.8
2012
28
1. Growth Industry: The growth industries have special features of high rate of
earnings and growth in expansion, independent of the business cycle. The expansion
of the industry manly depends on the technological change. For instance, inspire of
the recession in the Indian economy in 1997-98, there was a spurt in the growth of
information technology industry. It defied the business cycle and continued to grow.
Likewise in every phase of the history certain industries like color televisions,
pharmaceutical and telecommunication industries have shown remarkable growth.
2. Cyclical Industry: The growth and the profitability of the industry move along with
the business cycle. During the boom period they enjoy growth and during depression
the suffer a setback. For example, the white goods like fridge, washing machine and
kitchen range products command a good market in the boom period and the demand
for them slackens during the recession
3. Defensive Industry: Defensive industry defies the movement of the business cycle.
For example, food and shelter are the basic requirements of humanity. The food
industry withstands recession and depression. The stocks of the defensive industries
can be held by the investor for income earning purpose. They expand and earn income
in the depression periods too, under the governments umbrella of protection and are
counter. Cyclical in nature.
4. Cyclical Growth Industry: This is a new type of industry that is cyclical and at the
same time growing. For example, the automobile industry experiences periods of
stagnation, decline but they grow tremendously. The changes in technology and
introduction of new models help the automobile industry to resume their growth path.
29
30
I.
10
12
Pioneering stage: this is a first stage of industrial life cycle of a new industry. The
pioneering stage is characterized by rapid growth in demand for output of industry. As
II.
III.
IV.
31
BANKING INDUSTRY
2011-12 Year Stock Sales Value
Table 2.1
(Rs.Million)
Company
SBI
PNB
Canara Bank
Bank Of Baroda
Bank Of India
IDBI
Union Bank Of India
CentralBank of India
Indian Overseas Bank
Oriental Bank
Sales
1065215
364280
308506
296737
284807
233699
211443
191495
178971
158149
Company
Allahabad Bank
Syndicate Bank
UCO Bank
Corporation Bank
Indian Bank
Andhra Bank
Vijaya Bank
United Bank
Bank of Maharashtra
Dena Bank
Sales
155233
152684
146324
130178
122313
113387
79881.3
79610.9
72139.6
67941
Interpretation
1. It is the growth industries have special features of high rate of earnings and growth in
expansion.
2. The high sale of stock is 1065215(Rs.Million) in SBI bank for last financial year.
3. The low sale stock is 67741(Rs.Million) in Dena bank.
4. Maximum the banking industry is getting the high level of profitability.
5. So that industry stock sale position is positive level.
32
33
O
fI
nd
ia
CO
An
dh
ra
ht
ra
Ba
nk
Ba
nk
O
rie
nt
al
Ba
nk
Ba
nk
O
fB
ar
od
a
of
M
ah
ar
as
ni
on
Ba
nk
Ba
nk
SB
I
Chart 2.1
BANKING INDUSTRIES
1200000
1000000
800000
600000
400000
200000
0
PHARMACEUTICALS INDUSTRY
2011-12 Year Stock Sales Value
Table 2.2
(Rs.Million)
Companies
Cipla
Dr Reddys Lab
Lupin
Aurobindo Pharma
Sun Pharma Inds.
Cadila Healthcare
Matrix Laboratories
Jubilant LifeScience
Wockhardt
Glaxosmithkline
Phar
Sales
69775
67397
53848
42815
40156
31508
28530
26411
25604
Companies
Ipca Laboratories
Torrent Pharma
DiviS Lab
Orchid Chem. &Pharma
Glenmark Pharma
Biocon
Abbott India
Alembic Pharma
Nectar Lifesciences
Sales
23266
20760
18449
17363
16200
15558
15188
13753
13131
12297
Interpretation
1. It also the growth industries have special features of high rate of earning and growth
in expansion.
2. The high sale stock is 69775(Rs.Million) in cipla limited.
3. The low sale stock is 12297(Rs.Million) in sanofi India.
4. That industry stock sale position is positive level.
34
Chart 2.2
PHARMACEUTICALS INDUSTRY
Pharmaceutical Companies
35
Ab
bo
tt
In
di
a
La
b
D
iv
iS
W
oc
kh
ar
dt
Su
n
Ph
ar
m
In
ds
.
Ci
pl
a
Sales Value
80000
70000
60000
50000
40000
30000
20000
10000
0
Sales
75426.74
36276.9
11438.67
1898.43
4572.67
14843.39
5020.48
1938.28
10766.7
5604.76
Company
Khoday India
IFB Agro Inds
Millennium Beer Inds
Empee Distilleries
Skol Breweries Ltd.
Pioneer Distilleries
GM Breweries
Ravi Kumar Distiller
Indage Restauraants
Indage Vintners
Sales
1647.74
5846.29
2854.91
9978.91
18407.53
1044.52
4325.27
569
185.46
188.86
Interpretation
1. It is a growth and the profitability of industry.
2. The top position stock of Sale Company is united spirits. The sale level is
75426(Million).
3. The stock position is positive level in last financial year.
4. But some company sale level is less than 200(Million). The indage vintners sale level
is 188(Million).
36
Chart 2.3
Beverages Companies
5.
37
Br
ew
er
ie
s
G
M
Be
er
In
ds
M
ille
nn
iu
m
Ja
ga
tji
tI
nd
s.
In
ds
Til
ak
na
ga
r
ni
te
d
Sp
iri
ts
Sales Value
80000
70000
60000
50000
40000
30000
20000
10000
0
Share value
Competitive edge
Earnings
Capital Structure
Management
Operating
Efficiency
Financial Performance
Future Price
Present Price
38
1999
Wockhardt Towers,Bandra-kurla Complex,Bandra
EastMumbai-400051, Maharashtra
www.wockhardt.com
Management Details
Chairperson - Habil Khorakiwala
MD - Murtaza Khorakiwala
Directors - Abid Hussain, Aman Mehta, Bharat Patel,
Davinder Singh, Davinder Singh Brar, H F
Khorakiwala, Habil Khorakiwala, Huzaifa
Khorakiwala, Murtaza Khorakiwala, R A Shah,
Business Operation
Background
Financials
Company Secretary
Auditors
39
40
2007-08
100
100
100
2008-09
117
174
-68
2009-10
151
253
-190
2010-11
144
160
-51
2011-12
209
203
140
Interpretation
41
Chart 3.1
Net Sales
Total Expenditure
Profit
253
209 203
171 174
151
144
160
140
2007-08
2008-09
2009-10
2010-11
-51
-68
-190
42
2011-12
1999
U B Tower 24,Vittal Mallya Road , Bengaluru560001, Karnataka
www.unitedspirits.in
Management Details
Chairperson - Vijay Mallya
MD - Ashok Capoor
Directors - Ashok Capoor, B M Labroo, G N Bajpai,
Ghyanendra Nath Bajpai, M R Doraiswamy Iyengar,
P A Murali, Ravi Nedungadi, S R Gupte, Sreedhara
Menon, Sudhindar Krishan Khanna, V K Rekhi, V S
Business Operation
Background
Financials
Company Secretary
Auditors
43
44
2007-08
100
100
100
2008-09
130
140
95
Interpretation
45
2009-10
157
165
112
2010-11
202
218
120
2011-12
237
261
104
Chart 3.2
Net Sales
Total Expenditure
Profit
261
202
130
100 100 100
2007-08
218
157 165
140
112
95
2008-09
2009-10
46
120
2010-11
137
104
2011-12
1990
Chairperson - Deepak Vaidya
MD - Arun Kumar
Directors - A K Nair, AK Nair, Arun Kumar, Deepak
Vaidya, Gigi Joseph KJ, John Mathew, K R
Ravishankar, Kannan N, M R Umarji, Mukul Sarkar,
P M Thampi, Ronald Ling, S Sridhar, V S Iyer,
Business Operation
Background
Virtanes Saatci
Pharmaceuticals & Drugs
Strides Arcolab, incorporated in 1990, is engaged in
the manufacture of pharmaceutical dosage forms in
branded as well generic categories. The dosages are
manufactured in form of tablets, capsules, soft gelatin
capsules, parenterals and semi-solids.
The company manufactures soft gels and steriles. It
has 13 manufacturing facilities located across the
Financials
world -- in India
Total Income - Rs. 7731.84 Million ( year ending
Dec 2011)
Company Secretary
Auditors
47
3.7.3Products
1. Soft gel capsules- The Company manufactures range of soft gel in category of
nutraceuticals, Rx, specialty OTCs and immunosuppressants.
2. Steriles-
48
2007-08
100
100
-100
2008-09
143
138
003
Interpretation
49
2009-10
186
125
098
2010-11
122
99
075
2011-12
172
114
106
Chart 3.3
Net Sales
Total Expenditure
Profit
186
143 138
172
125
100 100
98
122
99
114 106
75
3
2007-08
2008-09
2009-10
-100
50
2010-11
2011-12
26-05 1938
Dena Corporate Centre,C/10 , G Block,Bandra Kurla
Complex , Bandra (East)Mumbai-400051,
Maharashtra
www.denabank.com
Management Details
Business Operation
Background
Auditors
51
52
53
Table 3.4
(Percentage %)
Years
Interest Earned
Total Expenditure
profit
2007-08
100
100
100
2008-09
129
127
117
Interpretation
54
2009-10
149
145
142
2010-11
188
176
170
2011-12
253
234
223
Chart 3.4
Net Sales
Total Expenditure
Profit
253
188
129 127
100 100 100
2007-08
234
223
176 170
2008-09
2009-10
55
2010-11
2011-12
Type
Industry
Founded
Headquarters
Key people
Products
Public company
Telecommunications, Broadcasting
2007
New Delhi, India
S.N, Sharma, CEO,
Cable television, broadband internet
Website
dennetworks.com
and a portfolio of cutting edge value added services is widely regarded as India's best. DEN's
digital cable offering includes over 180 leading channels, a multi-genre digital music service,
and blog. Tally - India's first micro blogging service on TV and interactive games. It also
offers internet services in few cities in India.
57
2007-08
100
100
-100
2008-09
942
524
-47
Interpretation
58
2009-10
1146
546
95
2010-11
1171
606
23
2011-12
2435
774
38
Chart 3.5
Net Sales
Total Expenditure
Profit
2435
942
524
100 100
2007-08
-100
1171
1146
546
95
2008-09
-47
774
606
2009-10
59
23
2010-11
38
2011-12
60
3.10.2 RISK
The risk is the potential of variability in returns. An investment whose returns
are fairly stable is considered to be a low-risk investment, whereas an investment whose
returns fluctuate significantly is considered to be a high-risk investment. Equity shares whose
returns are likely to fluctuate widely are considered risky investments. Government securities
whose returns are fairly stable are considered to possess low risk.
They are two components of total risk. Thus,
Total risk = Systematic Risk + Unsystematic Risk
1. Systematic Risk: As the society is dynamic, changes occur in the economic,
political and social systems constantly. These changes have an influence on
the performance of companies and thereby on their stock prices, but these
changes affect all companies and all securities in varying degrees. For
example, economy and political instability adversely affects all industries and
companies. When an economy moves into recession corporate profits will
shift downwards and stock prices of most companies may decline. Systematic
risk is further subdivided into interest rate risk, market risk, and purchasing
power risk
2. Unsystematic Risk: The returns from a security may sometimes vary because
of certain factors affecting only the company issuing such security. Examples
are raw material scarcity, labor strike, and management inefficiency. When
variability of returns occurs because of such firm-specific factors, it is known
as unsystematic risk. This risk is unique or peculiar to a company or industry
and affects it in addition to the systematic risk affecting all securities.
The unsystematic or unique risk affecting specific securities arises from two sources:
1. The operating environment of the company and
2. The financing pattern adopted by the company.
These two types of unsystematic risk are referred to as business risk and financial risk
respectively.
61
1.
Beta (
Beta measurers the change in the dependent variable in response to unit changes in the
independent variable.
Formula of Beta ( )
=
2
m
Where
r
n1
r 2m
n1
Where
i= Return of stock
m= Return of the market
r
=Correlation Coefficient between the returns of stock (i) and returns of the
n= Number of items.
62
For the calculation of beta, the return of the individual security is taken as the dependent
variable, and the return of the market index is taken as the independent variable.
63
2. Alpha ()
A measure of performance on a risk-adjusted basis. Alpha takes the volatility (price
risk) of a mutual fund and compares its risk-adjusted performance to a benchmark index. The
excess return of the fund relative to the return of the benchmark index is a fund's alpha.
Alpha is one of five technical risk ratios; the others are beta, standard deviation, Rsquared, and the Sharpe ratio. These are all statistical measurements used in modern portfolio
theory (MPT). All of these indicators are intended to help investors determine the risk-reward
profile of a mutual fund. Simply stated, alpha is often considered to represent the value that a
portfolio manager adds to or subtracts from a fund's return.
A positive alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
Correspondingly, a similar negative alpha would indicate an underperformance of 1%.
Alpha measures the value of the dependent variable even when the independent variable has
zero value.
Formula of Alpha ()
=i m
Where
i = Mean value of the dependent variable scores.
m = Mean value of the independent variable scores.
If a CAPM analysis estimates that a portfolio should earn 10% based on the risk of the
portfolio but the portfolio actually earns 15%, the portfolio's alpha would be 5%. This 5% is
the excess return over what was predicted in the CAPM model.
64
3. STANDARD DEVIATION
The standard deviation is the most common measure of statistical dispersion,
measuring how widely spread the values in setae. If the data points are close to the mean,
then the standard deviation is small. As well, if many data points are far from the mean, then
the standard deviation is large. If all the data values are equal, then the standard deviation is
zero.
To understand standard deviation, keep in mind that variance is the average of the
squared differences between data points and the mean. Variance is tabulated in units squared.
Standard deviation, being the square root of that quantity, therefore measures the spread of
data about the mean, measured in the same units as the data.
Formula
=
r 2i
n1
Where
1.
2. N
= Number Data
65
4. Return
Its one of the portfolio analyses; an investor needs to specify the list of securities
eligibles for selection or inclusion in the portfolio. Next he has to generate the risk- return
expectations for these securities. These are typically expressed as the expected rate of retune
and the variance or standard deviation of the return.
The return of a portfolio of assets is simply the weighted average of the return
individual securities held in the portfolio. The weight applied to each return is the fraction of
the portfolio invested in that security.
Formula of Return
( P 1P0 ) + D
P0
The formula for the total stock return is the appreciation in the price plus any
dividends paid, divided by the original price of the stock. The income sources from a stock
are dividends and its increase in value. The first portion of the numerator of the total stock
return formula looks at how much the value has increased (P1 - P0). The denominator of the
formula to calculate a stock's total return is the original price of the stock which is used due
to being the original amount invested.
66
2010
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
-1.55
-18.00
-2.36
-6.22
-9.32
4.18
2.03
52.15
30.28
-5.89
21.45
-2.70
i 5.34
ri
m
-6.69
-0.82
4.63
-0.24
-2.61
6.89
2.21
-0.54
10.20
-2.05
-4.17
2.91
rm
-6.89
-23.34
-7.70
-11.56
-14.66
-1.15
-3.31
46.81
24.94
-11.23
16.11
-8.04
r 2i
-7.50
47.47
-1.63 544.76
3.82
59.29
-1.05 133.63
-3.42 214.92
6.08
1.32
1.40
10.96
-1.35 2191.18
9.39 622.00
-2.86
126.11
-4.98 259.53
2.10
64.64
4275.81
m 0.81
r 2m
51.69
37.95
-29.36
12.11
50.19
-7.01
-4.63
-63.17
234.19
32.08
-80.18
-16.89
56.30
2.64
14.56
1.10
11.72
36.92
1.97
1.82
88.15
8.16
24.77
4.42
216.97
252.51
Risk
Beta
2
m
216.97
11
m =
19.72
Beta
19.72
22.96
252.51
11
0.86
Alpha =i m
5.34-0.86*0.81
Alpha = 4.64
=
Standard deviation
=
r 2i
n1
Return
67
4275.81
121
= 19.71
22.96
( P 1P0 ) + D
P0
R= 5.34
68
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
ri
0.09
-5.88
-5.90
4.96
2.76
3.46
21.46
-16.93
-4.10
13.82
-5.24
-33.96
i
-10.58
-1.55
5.64
-1.31
-2.48
0.99
-2.58
-9.35
-1.92
9.84
-8.10
-6.33
m
-2.12
-2.31
rm
2.22
-3.76
-3.78
7.08
4.89
5.58
23.58
-14.81
-1.98
15.94
-3.12
-31.84
rm
-18.33
-2.86
-30.08
7.07
-0.80
18.42
-6.35
104.22
-0.78
193.66
18.06
127.98
68.43
0.58
63.22
0.99
0.03
10.90
0.07
49.54
0.15
147.61
33.51
16.16
410.2
0
391.2
0
ri
-8.27
0.76
7.95
1.00
-0.16
3.30
-0.27
-7.04
0.39
12.15
-5.79
-4.02
4.93
14.14
14.29
50.13
23.91
31.14
556.02
219.34
3.92
254.08
9.73
1013.79
2195.41
Risk
Beta
2
m
410.20
11
m =
37.29
Beta
37.29
35.56
391.20
11
1.05
Alpha =i m
-2.12-1.05*(-2.31)
Alpha = -0.30
=
Standard deviation
=
r 2i
n1
Return
69
2195.41
121
= 14.12
35.56
( P 1P0 ) + D
P0
R= -2.12
70
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
ri
m
37.27
27.03
15.67
20.16
10.33
16.69
4.18
22.48
6.29
16.02
7.72
-5.76
i 14.8
12.13
2.86
-0.83
-1.31
-6.01
8.61
-0.94
0.34
8.56
-1.73
4.16
0.58
m 2.2
rm
22.43
12.19
0.83
5.32
-4.51
1.85
-10.66
7.64
-8.55
1.18
-7.12
-20.60
ri
9.93
0.65
-3.03
-3.51
-8.21
6.41
-3.14
-1.86
6.36
-3.93
1.96
-1.62
503.10
148.60
0.69
28.30
20.34
3.42
113.64
58.37
73.10
1.39
50.69
424.36
1426.0
1
222.72
7.97
-2.51
-18.70
37.06
11.86
33.48
-14.19
-54.33
-4.63
-13.94
33.36
238.16
rm
98.60
0.43
9.18
12.34
67.44
41.08
9.87
3.45
40.39
15.48
3.83
2.62
304.71
Risk
Beta
2
m
238.16
11
m =
21.65
Beta
21.65
27.70
304.71
11
0.78
Alpha =i m
14.84-0.78*2.20
Alpha
= 13.28
Standard deviation
=
r 2i
n1
Return
( P 1P0 ) + D
P0
71
1426.01
121
11.38
27.70
R= 14.84
72
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
ri
-6.29
7.88
-4.59
-5.82
-5.20
9.14
7.41
1.84
1.33
-6.51
-7.15
3.74
i
-6.69
-0.82
4.63
-0.24
-2.61
6.89
2.21
-0.54
10.20
-2.05
-4.17
2.91
m
-0.35
0.81
-5.94
8.23
-4.23
-5.47
-4.85
9.49
7.77
2.19
1.68
-6.16
-6.80
4.09
rm
ri
rm
-7.50
-1.63
3.82
-1.05
-3.42
6.08
1.40
-1.35
9.39
-2.86
-4.98
2.10
35.28
67.73
17.89
29.92
23.52
90.06
60.37
4.80
2.82
37.95
46.24
16.73
433.3
2
44.54
-13.38
-16.16
5.73
16.62
57.68
10.89
-2.96
15.75
17.60
33.82
8.60
178.7
2
56.30
2.64
14.56
1.10
11.72
36.92
1.97
1.82
88.15
8.16
24.77
4.42
252.5
1
Risk
Beta
2
m
178.72
11
m =
16.25
Beta
16.25
22.96
252.51
11
0.71
Alpha =i m
0.35-0.71*-0.81
Alpha = 0.92
=
Standard deviation
=
r 2i
n1
Return
73
433.32
121
6.27
22.96
( P 1P0 ) + D
P0
R= 0.35
74
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
ri
m
-15.44
-9.34
-9.31
-1.17
1.95
-7.49
4.15
-11.39
-10.89
13.22
-16.86
-29.97
i
-10.58
-1.55
5.64
-1.31
-2.48
0.99
-2.58
-9.35
-1.92
9.84
-8.10
-6.33
m
-7.71
-2.31
rm
-7.73
-1.63
-1.59
6.54
9.66
0.23
11.86
-3.68
-3.18
20.93
-9.15
-22.26
ri
-8.27
0.76
7.95
1.00
-0.16
3.30
-0.27
-7.04
0.39
12.15
-5.79
-4.02
59.75
2.66
2.53
42.77
93.32
0.05
140.66
13.54
10.11
438.06
83.72
495.51
1382.6
9
rm
63.95
-1.24
-12.66
6.52
-1.59
0.75
-3.19
25.91
-1.24
254.30
52.96
89.48
473.9
5
68.43
0.58
63.22
0.99
0.03
10.90
0.07
49.54
0.15
147.61
33.51
16.16
391.2
0
Risk
Beta
2
m
473.95
11
m =
43.09
Beta
43.09
35.56
391.20
11
1.21
Alpha =i m
-7.71-1.21*(-2.31)
Alpha
= -4.91
Standard deviation
=
r 2i
n1
Return
75
1382.69
121
= 11.21
35.56
( P 1P0 ) + D
P0
R= -7.71
76
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
m
35.06
-16.58
7.56
22.61
-28.15
17.74
13.52
20.69
23.22
-5.11
68.37
-5.14
i
12.82
ri
12.13
2.86
-0.83
-1.31
-6.01
8.61
-0.94
0.34
8.56
-1.73
4.16
0.58
m
rm
22.25
-29.39
-5.25
9.79
-40.97
4.92
0.70
7.88
10.41
-17.92
55.56
-17.96
ri
9.93
0.65
-3.03
-3.51
-8.21
6.41
-3.14
-1.86
6.36
-3.93
1.96
-1.62
2.20
rm
495.06
220.90
98.60
863.77
-19.22
0.43
27.56
15.92
9.18
95.84
-34.41
12.34
1678.54
336.44
67.44
24.21
31.55
41.08
0.49
-2.20
9.87
62.09
-14.63
3.45
108.37
66.15
40.39
321.13
70.52
15.48
3086.91
108.78
3.83
322.56
29.09
2.62
7086.5 808.88 304.71
4
Risk
Beta
808.88
11
2
m
2
m =
73.53
Beta
73.53
27.70
304.71
11
2.56
Alpha =i m
12.82-2.56*2.20
Alpha = 7.18
=
Standard deviation
=
r 2i
n1
Return
77
7086.54
121
25.38
27.70
( P 1P0 ) + D
P0
s
R= 12.82
78
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
ri
m
16.71
5.01
9.31
-0.84
4.02
16.48
3.13
-8.87
3.24
-3.18
-8.43
8.80
i
-6.69
-0.82
4.63
-0.24
-2.61
6.89
2.21
-0.54
10.20
-2.05
-4.17
2.91
m
3.78
0.81
rm
12.93
1.23
5.53
-4.63
0.24
12.69
-0.65
-12.65
-0.54
-6.96
-12.22
5.02
ri
-7.50
-1.63
3.82
-1.05
-3.42
6.08
1.40
-1.35
9.39
-2.86
-4.98
2.10
167.18
1.51
30.58
21.44
0.06
161.04
0.42
160.02
0.29
48.44
149.33
25.20
-97.03
-1.99
21.09
4.85
-0.81
77.13
-0.91
17.07
-5.07
19.88
60.79
10.55
105.53
rm
56.30
2.64
14.56
1.10
11.72
36.92
1.97
1.82
88.15
8.16
24.77
4.42
252.51
765.52
Risk
Beta
105.53
11
2
m
2
m =
9.59
Beta
9.56
22.96
252.51
11
0.42
Alpha =i m
=3.78 -0.42*0.81
Alpha
= 3.43
Standard deviation
=
r 2i
n1
Return
79
765.52
121
= 8.34
22.96
( P 1P0 ) + D
P0
R= 3.78
80
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
-8.05
-23.43
2.77
7.24
-1.37
-9.99
11.92
-22.30
21.94
18.26
2.11
-1.90
i
-10.58
-1.55
5.64
-1.31
-2.48
0.99
-2.58
-9.35
-1.92
9.84
-8.10
-6.33
m
-0.23
-2.31
ri
rm
-7.82
-23.20
3.00
7.48
-1.13
-9.76
12.15
-22.07
22.18
18.49
2.34
-1.66
-8.27
0.76
7.95
1.00
-0.16
3.30
-0.27
-7.04
0.39
12.15
-5.79
-4.02
ri
61.15
538.24
9.00
55.95
1.28
95.26
147.62
487.08
491.95
341.88
5.48
2.76
2237.6
5
64.68
-17.67
23.88
7.46
0.19
-32.22
-3.27
155.30
8.68
224.67
-13.55
6.69
424.85
rm
68.43
0.58
63.22
0.99
0.03
10.90
0.07
49.54
0.15
147.61
33.51
16.16
391.20
Risk
Beta
424.85
11
2
m
2
m =
38.62
Beta
424.85
35.56
391.20
11
1.09
Alpha =i m
-0.23-1.09*(-2.31)
Alpha = 2.28
Standard deviation
=
r 2i
n1
Return
81
2237.65
121
14.26
35.56
( P 1P0 ) + D
P0
R= -0.23
82
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
ri
m
31.47
5.41
7.32
12.09
0.12
8.55
-2.30
14.22
7.79
0.07
27.55
-7.25
i
12.13
2.86
-0.83
-1.31
-6.01
8.61
-0.94
0.34
8.56
-1.73
4.16
0.58
m
8.76
2.20
rm
22.72
-3.34
-1.43
3.34
-8.63
-0.21
-11.05
5.47
-0.96
-8.68
18.80
-16.01
ri
9.93
0.65
-3.03
-3.51
-8.21
6.41
-3.14
-1.86
6.36
-3.93
1.96
-1.62
516.20
11.16
2.04
11.16
74.48
0.04
122.10
29.92
0.92
75.34
353.44
256.32
1453.1
2
225.57
-2.19
4.33
-11.73
70.87
-1.32
34.72
-10.16
-6.13
34.16
36.81
25.93
400.86
rm
98.60
0.43
9.18
12.34
67.44
41.08
9.87
3.45
40.39
15.48
3.83
2.62
304.71
Risk
Beta
400.86
11
2
m
2
m =
36.44
Beta
36.44
27.70
Alpha =i m
8.76-1.32*2.20
Alpha = 5.85
=
Standard deviation
=
r 2i
n1
1453.12
121
= 11.49
Return
83
1.32
304.71
11
27.70
( P 1P0 ) + D
P0
R= 8.76
84
ri
-8.66
-0.06
-6.28
11.78
3.17
7.82
7.21
0.64
0.47
25.36
-10.74
-14.09
-6.69
-0.82
4.63
-0.24
-2.61
6.89
2.21
-0.54
10.20
-2.05
-4.17
2.91
m
1.38
0.81
rm
-10.04
-1.45
-7.67
10.40
1.78
6.44
5.82
-0.75
-0.91
23.97
-12.13
-15.47
ri
-7.50
-1.63
3.82
-1.05
-3.42
6.08
1.40
-1.35
9.39
-2.86
-4.98
2.10
100.80
2.10
58.83
108.16
3.17
41.47
33.87
0.56
0.83
574.56
147.14
239.32
1310.8
2
rm
75.35
2.35
-29.26
-10.89
-6.10
39.11
8.16
1.01
-8.55
-68.48
60.35
-32.51
56.30
2.64
14.56
1.10
11.72
36.92
1.97
1.82
88.15
8.16
24.77
4.42
30.54
252.51
Risk
Beta
30.54
11
2
m
2
m =
2.78
Beta
2.78
22.96
252.51
11
0.12
Alpha =i m
1.38-0.12*0.81
Alpha = 1.28
=
Standard deviation
=
r 2i
n1
Return
85
1310.82
121
10.91
22.96
( P 1P0 ) + D
P0
R= 1.38
86
-10.20
-6.67
5.21
-1.97
-8.15
-5.78
-6.67
-4.22
-5.81
5.69
-21.78
-23.07
-6.95
-10.58
-1.55
5.64
-1.31
-2.48
0.99
-2.58
-9.35
-1.92
9.84
-8.10
-6.33
-2.31
2010
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
ri
-3.25
0.28
12.16
4.98
-1.20
1.17
0.28
2.74
1.14
12.65
-14.83
-16.12
rm
ri
rm
10.56
0.08
147.87
24.80
1.44
1.37
0.08
7.51
1.30
160.02
219.93
259.85
834.81
26.88
0.21
96.70
4.96
0.20
3.87
-0.08
-19.26
0.45
153.63
85.85
64.79
418.22
68.43
0.58
63.22
0.99
0.03
10.90
0.07
49.54
0.15
147.61
33.51
16.16
391.20
-8.27
0.76
7.95
1.00
-0.16
3.30
-0.27
-7.04
0.39
12.15
-5.79
-4.02
Risk
Beta
418.22
11
2
m
2
m =
38.02
Beta
38.02
35.56
391.20
11
1.07
Alpha =i m
-6.95-1.07*(-2.31)
Alpha = -4.47
=
Standard deviation
=
r 2i
n1
Return
( P 1P0 ) + D
P0
87
834.81
121
8.71
35.56
R= -6.95
88
2012
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
39.00
28.85
0.84
1.97
-3.31
12.15
-7.15
-5.93
21.81
-2.48
4.22
1.28
i
12.13
2.86
-0.83
-1.31
-6.01
8.61
-0.94
0.34
8.56
-1.73
4.16
0.58
m
7.60
2.20
ri
rm
31.39
21.25
-6.76
-5.63
-10.91
4.55
-14.76
-13.54
14.21
-10.08
-3.38
-6.32
ri
9.93
0.65
-3.03
-3.51
-8.21
6.41
-3.14
-1.86
6.36
-3.93
1.96
-1.62
985.33
451.56
45.70
31.70
119.03
20.70
217.86
183.33
201.92
101.61
11.42
39.94
2410.11
rm
311.73
13.90
20.49
19.79
89.63
29.15
46.35
25.15
90.31
39.67
-6.62
10.24
98.60
0.43
9.18
12.34
67.44
41.08
9.87
3.45
40.39
15.48
3.83
2.62
689.79
304.71
Risk
Beta
2
m
689.79
11
m =
62.71
Beta
62.71
27.70
304.71
11
27.70
2.26
Alpha =i m
7.60-2.26*2.20
Alpha = 2.62
=
Standard deviation
=
r 2i
n1
Return
89
2410.11
121
14.80
( P 1P0 ) + D
P0
R= 7.60
90
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
ri
m
-1.29
-1.61
4.18
0.96
3.84
3.17
3.57
8.80
0.58
-2.25
-23.13
-2.03
i
-6.69
-0.82
4.63
-0.24
-2.61
6.89
2.21
-0.54
10.20
-2.05
-4.17
2.91
m
-0.43
0.81
rm
-0.86
-1.18
4.61
1.40
4.27
3.61
4.00
9.24
1.01
-1.82
-22.70
-1.60
ri
-7.50
-1.63
3.82
-1.05
-3.42
6.08
1.40
-1.35
9.39
-2.86
-4.98
2.10
0.74
1.39
21.25
1.96
18.23
13.03
16.00
85.38
1.02
3.31
515.29
2.56
680.17
6.43
1.92
17.60
-1.46
-14.63
21.91
5.61
-12.47
9.50
5.19
112.96
-3.36
149.20
rm
56.30
2.64
14.56
1.10
11.72
36.92
1.97
1.82
88.15
8.16
24.77
4.42
252.51
Risk
Beta
2
m
149.20
11
m =
13.56
Beta
13.56
22.96
252.51
11
0.56
Alpha =i m
= -0.43-0.56*0.81
Alpha
= 2.62
Standard deviation
=
r 2i
n1
Return
91
680.17
121
= 7.87
22.96
( P 1P0 ) + D
P0
R= -0.43
92
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
ri
m
-19.44
-27.84
-19.30
16.58
4.55
-13.69
-7.66
-48.05
67.83
16.37
-20.01
-20.83
i -
-10.58
-1.55
5.64
-1.31
-2.48
0.99
-2.58
-9.35
-1.92
9.84
-8.10
-6.33
m -
5.96
2.31
rm
-13.49
-21.88
-13.34
22.54
10.51
-7.73
-1.70
-42.09
73.79
22.33
-14.05
-14.87
r 2i
-8.27
0.76
7.95
1.00
-0.16
3.30
-0.27
-7.04
0.39
12.15
-5.79
-4.02
181.98
478.73
177.96
508.05
110.46
59.75
2.89
1771.57
5444.96
498.63
197.40
221.12
9653.5
111.56
-16.66
-106.06
22.48
-1.73
-25.54
0.46
296.27
28.90
271.26
81.36
59.79
722.08
r 2m
68.43
0.58
63.22
0.99
0.03
10.90
0.07
49.54
0.15
147.61
33.51
16.16
391.20
Risk
Beta
2
m
722.08
11
m =
65.64
=
Beta
65.64
35.56
391.20
11
=1.85
Alpha =i m
= -5.96-1.85*(-2.31)
Alpha
-1.68
Standard deviation
=
r 2i
n1
9653.51
121
Return
93
= 26.62
35.56
( P 1P0 ) + D
P0
R= -5.96
94
ri
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
54.70
31.10
2.97
-0.18
-14.12
6.10
26.52
-1.68
47.64
-1.92
12.46
-4.25
12.13
2.86
-0.83
-1.31
-6.01
8.61
-0.94
0.34
8.56
-1.73
4.16
0.58
m
i
13.28
rm
41.42
17.82
-10.31
-13.46
-27.40
-7.18
13.24
-14.95
34.36
-15.20
-0.82
-17.53
ri
9.93
0.65
-3.03
-3.51
-8.21
6.41
-3.14
-1.86
6.36
-3.93
1.96
-1.62
rm
1715.62
411.33
98.60
317.55
11.66
0.43
106.30
31.23
9.18
181.17
47.29
12.34
750.76
224.98
67.44
51.55
-46.01
41.08
175.30
-41.60
9.87
223.50
27.78
3.45
1180.61
218.38
40.39
231.04
59.81
15.48
0.67
-1.60
3.83
307.30
28.39
2.62
5241.37 971.65
304.71
2.20
Risk
Beta
2
m
971.65
11
m =
88.33
=
Beta
Alpha
19.72
22.96
304.71
11
3.19
=i m
= 13.28-3.19*2.20
Alpha
= 6.26
Standard Deviation
=
r 2i
n1
5241 .37
121
Return
95
= 21.83
27.70
( P 1P0 ) + D
P0
= 13.28
96
2010
2011
2012
WOCKHARDT
0.89
1.05
0.78
UNITED SPIRITS
STRIDES ARCOLAB
0.71
0.42
1.21
1.09
2.56
1.32
DENA BANK
DEN NETWORK
0.12
0.56
1.07
1.85
2.26
3.19
Interpretation
97
Chart 4.1
BETA
98
BA
N
ET
W
O
RK
3.19
1.85
0.56
D
EN
A
D
EN
ST
RI
D
ES
SP
IR
IT
S
IT
ED
N
U
W
O
CK
H
AR
D
T
0.891.050.78
AR
CO
LA
B
2010
2011
2012
2.56
2.26
1.091.32
1.07
0.711.21
0.42
0.12
2010
2011
2012
WOCKHARDT
4.64
-0.30
13.28
UNITED SPIRITS
0.92
-4.91
7.18
STRIDES ARCOLAB
3.43
2.28
5.85
DENA BANK
DEN NETWORK
1.28
2.62
-4.47
-1.68
2.62
6.62
Interpretation
99
Chart 4.2
ALPHA
100
2.62
6.62
ET
W
O
RK
-1.68
1.28
2.62
BA
N
-4.47
N
D
EN
ST
RI
D
ES
AR
CO
LA
B
SP
IR
IT
S
N
IT
ED
-4.91
W
O
CK
H
AR
D
T
5.85
3.432.28
0.92
-0.3
2012
7.18
4.64
2011
D
EN
2010
13.28
2010
2011
2012
WOCKHARDT
19.71
14.12
11.38
UNITED SPIRITS
STRIDES ARCOLAB
DENA BANK
6.27
8.34
10.91
11.21
14.26
8.71
25.38
11.49
14.80
DEN NETWORK
7.87
26.62
21.83
Interpretation
101
Chart 4.3
STANDARD DEVIATION
102
ET
W
O
RK
BA
N
26.62
21.83
7.87
D
EN
A
D
EN
AR
CO
LA
B
ST
RI
D
ES
SP
IR
IT
S
2010
2011
2012
25.38
14.26
11.49 10.918.7114.8
8.34
6.2711.21
IT
ED
N
U
W
O
CK
H
AR
D
T
19.71
14.12
11.38
2010
2011
2012
WOCKHARDT
UNITED SPIRITS
STRIDES ARCOLAB
5.34
0.35
3.78
-2.12
-7.71
-0.23
14.84
12.82
8.76
DENA BANK
1.38
-6.95
7.60
DEN NETWORK
-0.43
-5.96
13.28
Interpretation
103
Chart
RETURN
104
-0.43
-5.96
N
ET
W
O
RK
BA
N
-6.95
13.28
7.6
D
EN
-0.23
SP
IR
IT
S
N
IT
ED
-7.71
W
O
CK
H
AR
D
T
-2.12
D
EN
0.35
AR
CO
LA
B
5.34
2010
2011
2012
12.82
8.76
3.78
1.38
ST
RI
D
ES
14.84
4000
value 3000
2000
1000
no
v
se
p
jul
ma
y
ma
r
jan
4000
value 3000
2000
1000
no
v
se
p
jul
ma
y
ma
r
jan
105
4000
value 3000
2000
1000
no
v
se
p
jul
ma
y
ma
r
jan
Interpretation
106
4000
value 3000
2000
1000
no
v
se
p
jul
ma
y
ma
r
jan
4000
value 3000
2000
1000
107
no
v
se
p
jul
ma
y
ma
r
jan
4000
value 3000
2000
1000
se
p
no
v
ju
l
ja
n
m
ar
m
ay
Interpertation
108
4000
value 3000
2000
1000
no
v
se
p
jul
ma
y
ma
r
jan
4000
value 3000
2000
1000
no
v
se
p
jul
ma
y
ma
r
jan
109
4000
value 3000
2000
1000
no
v
se
p
jul
ma
y
ma
r
jan
Interpretation
110
4000
value 3000
2000
1000
no
v
se
p
ju
l
m
ar
m
ay
ja
n
Chart Title
7000
6000
5000
4000
value 3000
2000
1000
111
no
v
se
p
jul
ma
y
ma
r
jan
Chart Title
7000
6000
5000
4000
value 3000
2000
1000
no
v
se
p
ju
l
ay
m
m
ar
ja
n
Interpretation
112
4000
value 3000
2000
1000
no
v
se
p
jul
ma
y
ma
r
jan
4000
value 3000
2000
1000
113
no
v
se
p
jul
ma
y
ma
r
jan
4000
value 3000
2000
1000
Interpretation
114
no
v
se
p
jul
ma
y
ma
r
jan
CHARTER VII
FINDING
115
CHAPTER V
CONCLUSION
116
CHAPTER VI
BIBLIOGRAPHY
117
CHAPTER VII
ATTACHMENTS
HISTORICAL DATA FOR LAST THREE YEARs
WOCKHARD
Date
4-Jan-10
29-Jan-10
1-Feb-10
26-Feb-10
2-Mar-10
31-Mar-10
1-Apr-10
30-Apr-10
3-May-10
31-May-10
1-Jun-10
30-Jun-10
1-Jul-10
30-Jul-10
2-Aug-10
31-Aug-10
1-Sep-10
30-Sep-10
Open
174.95
165
170
142.9
142.5
140.15
140.4
135.1
134.05
121.95
121
135
135.4
137.3
137
226
222
274
High
178.4
174.9
175
144.8
144.9
141.65
144.9
137
137
123.55
138.9
136
138.7
140.45
145.4
228.5
231.85
303.5
Low
172.45
159.1
170
141
141.35
138.1
139.55
133.5
134.05
121
120.65
126.2
134.35
137.3
136.05
216.2
220
271.5
LTP
174.35
174
173.1
141
141.95
138.45
142.9
134.2
135.1
122.35
128.8
135
135.1
137.8
145.2
220
225.75
292.35
Close
174.05
171.35
172.8
141.7
142.05
138.7
143
134.1
135.15
122.55
129.05
134.45
135.3
138.05
144.3
219.55
225.55
293.85
1-Oct-10
296
318.6
295.1
317.3
314.85
29-Oct-10
1-Nov-10
30-Nov-10
1-Dec-10
304.6
299.5
379
370.4
306
306
379
385.8
291
296.35
365.1
364
294.5
305.1
368
374.5
296.3
303.75
368.9
376.2
31-Dec-10
366
374.95
362
372.8
366.05
118
Volume
1,40,064
92,741
50,076
59,362
79,258
62,484
2,35,508
67,769
54,771
33,534
6,72,731
34,433
35,189
45,042
1,64,302
3,15,884
5,28,683
18,86,65
3
27,18,05
6
2,91,877
2,02,163
4,94,485
10,31,26
6
35,775
Turnover
(in Lakhs)
245.8
153.69
86.62
84.61
113.06
87.28
336.42
91.6
74.41
41.12
896.57
46.18
48
62.59
235.04
698.34
1,196.25
5,542.10
8,455.08
867.84
610.99
1,838.29
3,893.64
130.88
WOCKHARD
Date
3-Jan-11
31-Jan-11
1-Feb-11
28-Feb-11
1-Mar-11
31-Mar-11
1-Apr-11
29-Apr-11
2-May-11
31-May-11
1-Jun-11
30-Jun-11
1-Jul-11
29-Jul-11
1-Aug-11
30-Aug-11
2-Sep-11
30-Sep-11
3-Oct-11
31-Oct-11
1-Nov-11
30-Nov-11
1-Dec-11
30-Dec-11
Open
356
354.5
365
345
345
331.5
324.15
344.75
345.7
343.8
352.9
366.7
368.75
456
455.95
386
388.7
390.65
377.7
441
443
419.7
421.7
283
High
374.95
375.6
373.9
355.45
357
331.5
328
356.8
349.95
353.65
359.5
373.25
377
463.7
469.8
394.5
404.5
394
391.9
453.7
447.95
422
426.9
285
Low
350.5
352.2
363.15
342
342.15
322.5
324.15
341
341
343.8
350
363.5
367.1
446
453.75
383.55
385
381
376.4
441
432.6
406.2
414.7
275.05
LTP
372.5
372
369
349
342.15
322.5
325.5
343.5
341.05
351
353.7
365.85
370.15
449.35
468.65
387.2
403.8
382.05
389.7
444
432.7
411.7
419.8
276
119
Close
371.1
371.45
366.6
345.05
343.8
323.5
326.4
342.6
341.8
351.25
354.2
366.45
369.75
449.1
465.2
386.45
399.65
383.25
389.7
443.55
435.05
412.25
418.6
276.45
Turnover
Volume
(in Lakhs)
20,833
77.23
36,224
132.42
28,064
103.2
13,282
46.04
69,679
242.94
35,714
116.11
40,622
132.49
98,335
343.27
34,442
118.56
74,813
261.47
98,834
351.2
79,474
292.77
86,122
320.17
5,56,204
2,533.46
5,38,505
2,493.14
1,22,749
475.83
2,96,125
1,175.26
32,671
126.75
92,883
358.88
1,10,152
492.62
62,511
274.67
3,25,662
1,352.98
1,87,688
790.44
1,02,799
287.18
WOCKHARD
Open
278.7
375.75
375.7
477.5
484.2
584.45
604.9
719.8
730.1
793.6
High
282.95
382
386.4
493
526.6
602
615
732
741
815.85
Low
275.05
374.95
373
477.5
475.45
583.25
597
708.05
718
786.7
LTP
276
378.7
381.2
481.85
518.4
600
607
727.75
719.35
800
799
939
934.5
959
977
796.5
925
920.1
944.4
974.2
2,79,689
2,70,923
1,90,235
3,79,197
5,63,005
2,251.56
2,529.85
1,773.65
3,675.16
5,619.59
1,217.0
0
1,260.0
0
1,305.0
0
1,297.3
0
1,455.5
0
1,500.0
0
1,655.0
0
1,620.0
0
1,549.0
0
799.9
926
941.8
981
1005.8
5
1216
800.75
934.4
936.6
975.75
1,004.00
31-Aug-12
827.55
940.45
944.6
983.7
1,007.5
0
1,240.0
0
1,260.0
0
1,310.0
0
1,310.0
0
1,515.0
0
1,524.0
0
1,685.0
0
1,675.0
0
1,580.0
0
1,229.65
97,071
1,191.09
1217
1,218.25
47,379
581.72
1283
1,294.90
1,08,057
1,382.82
1290
1,292.40
85,775
1,115.13
1504.2
5
1503.4
1,499.40
75,705
1,128.77
1,487.30
19,243
289.3
1639
1,602.15
3,25,165
5,187.88
1670
1,668.80
74,095
1,227.75
1579
1,572.75
70,961
1,106.83
3-Sep-12
28-Sep-12
1-Oct-12
31-Oct-12
1-Nov-12
30-Nov-12
3-Dec-12
31-Dec-12
1,166.5
0
1,176.5
0
1,260.0
0
1,282.2
0
1,448.6
0
1,477.7
0
1,568.8
5
1,620.0
0
1,530.0
0
120
Close
Volume
275.7 1,02,247
378.45
64,866
379.95
73,879
482.65 1,72,074
517.55 10,26,968
598.65
2,41,113
606.55
2,10,011
728.85 2,32,295
721.9 1,64,414
796.45 5,69,776
Turnover
(in Lakhs)
284.08
245.16
281.32
832.15
5,259.23
1,435.58
1,277.87
1,677.83
1,202.95
4,578.90
Date
2-Jan-12
31-Jan-12
1-Feb-12
29-Feb-12
1-Mar-12
30-Mar-12
2-Apr-12
30-Apr-12
2-May-12
31-May12
1-Jun-12
29-Jun-12
2-Jul-12
31-Jul-12
1-Aug-12
UNITED SPIRITS
Date
4-Jan-10
29-Jan-10
1-Feb-10
26-Feb-10
2-Mar-10
31-Mar-10
1-Apr-10
30-Apr-10
3-May-10
31-May10
1-Jun-10
30-Jun-10
1-Jul-10
30-Jul-10
2-Aug-10
31-Aug-10
1-Sep-10
30-Sep-10
1-Oct-10
29-Oct-10
1-Nov-10
30-Nov-10
Open
1,265.0
0
1,270.0
0
1,235.7
0
1,334.0
0
1,360.0
0
1,356.8
5
1,333.3
0
1,221.0
0
1,248.0
5
1,199.0
0
1,229.9
0
1,292.0
0
1,294.2
0
1,450.0
0
1,392.2
0
1,385.5
0
1,442.0
0
1,581.5
5
1,589.0
0
1,498.0
0
1,509.0
0
1,340.4
High
1,329.0
0
1,270.0
0
1,269.0
0
1,396.0
0
1,396.0
0
1,356.8
5
1,342.3
5
1,264.0
0
1,299.7
5
1,233.8
0
1,229.9
0
1,318.0
0
1,304.7
0
1,456.8
5
1,414.8
0
1,439.9
0
1,560.0
0
1,618.0
0
1,610.0
0
1,512.0
0
1,519.3
5
1,400.1
Low
1,257.40
LTP
1326
Close
1,317.80
Turnover
(in
Volume
Lakhs)
3,92,271 5,068.62
1,212.20
1242
1,234.95
6,80,057
8,401.23
1,226.00
1253
1,255.25
2,42,855
3,052.92
1,293.00
1328.8
1,354.15
1,341.80
1389
1,384.90
11,28,33 15,101.09
1
4,85,603 6,710.04
1,307.15
1319
1,321.40
4,07,133
5,398.50
1,325.05
1338
1,335.20
2,01,745
2,693.62
1,215.25
1262.6
1,257.50
4,58,967
5,719.04
1,242.40 1291.05
1,291.20
6,93,668
8,918.37
1,193.00
1218
1,224.00
3,69,441
4,496.32
1,194.80
1195
1,200.50
4,27,668
5,162.48
1,283.00
1307
1,310.25
3,06,341
4,008.16
1,278.10
1281.7
1,289.40
2,09,844
2,709.17
1,380.05
1385.5
1,385.00
5,54,469
7,877.54
1,375.70
1407
1,406.55
2,39,550
3,336.97
1,385.00
1430.7
1,432.45
9,37,091 13,190.03
1,428.45
1548
1,552.75
1,560.00
1575
1,573.35
10,14,81 15,325.54
8
3,77,744 5,953.18
1,582.35
1602.8
1,599.30
1,86,525
2,981.49
1,482.00
1492
1,495.15
2,36,481
3,530.73
1,476.70
1505.5
1,496.70
2,06,287
3,098.74
1,304.50
1388.1
1,389.75
3,69,817
5,064.33
121
1-Dec-10
31-Dec-10
0
1,391.4
0
1,461.0
0
0
1,422.7
5
1,482.0
0
1,370.50 1404.95
1,410.95
2,06,147
2,897.13
1,457.00
1,463.75
1,05,772
1,555.47
1464.3
122
UNITED SPIRITS
Date
3-Jan-11
31-Jan-11
1-Feb-11
28-Feb-11
1-Mar-11
31-Mar-11
1-Apr-11
29-Apr-11
2-May-11
31-May-11
1-Jun-11
30-Jun-11
1-Jul-11
29-Jul-11
1-Aug-11
30-Aug-11
2-Sep-11
30-Sep-11
3-Oct-11
31-Oct-11
1-Nov-11
30-Nov-11
1-Dec-11
30-Dec-11
Open
1,473.0
0
1,213.2
0
1,259.2
0
1,111.0
5
1,121.4
5
1,068.0
0
1,031.0
0
1,013.5
5
1,038.0
0
1,059.0
5
1,064.9
0
963.75
980.15
1,035.0
0
1,029.0
0
889.05
897.45
771.6
790
845.8
877
710.15
721
511
High
1,483.0
0
1,261.9
0
1,259.2
0
1,146.0
0
1,142.0
0
1,075.7
0
1,064.9
0
1,045.9
0
1,054.8
5
1,065.0
0
1,069.6
0
991.8
992
1,035.0
0
1,039.0
0
900
938
810.4
799
883
877
710.15
725
521.9
Low
1,460.0
0
1,181.2
0
1,210.0
0
1,083.0
0
1,105.5
0
1,020.0
0
1,030.1
0
1,010.0
5
1,015.0
0
1,045.6
0
1,055.2
0
960.2
974.7
1,010.0
0
1,000.0
0
863.1
877.5
769.2
760
841.55
835.7
678.5
692.6
479.1
LTP
1471.9
Close
1,468.60
Turnover
(in
Volume
Lakhs)
56,924
837.22
1253.5
1,241.80
2,81,911
3,449.13
1211
1,221.15
2,93,690
3,616.98
1100
1,107.10
3,26,411
3,647.76
1130
1,129.95
3,23,618
3,657.16
1061
1,024.80
9,88,765 10,214.37
1054.7
1,048.00
2,82,604
2,977.96
1037.5
1,035.70
4,46,983
4,590.36
1038.8
1,040.45
3,29,989
3,438.82
1059
1,060.70
3,24,862
3,433.08
1058.7
5
976.35
985
1024.5
1,059.45
92,075
977.66
980.15
983.9
1,024.70
4,91,411
1,69,577
97,977
4,810.86
1,666.18
1,001.73
1013
1,012.80
1,08,941
1,104.09
897.4 2,00,579
893 3,88,193
795.75 5,32,083
775.45 6,76,823
877.95 3,97,582
841.55 2,24,646
699.65 8,45,077
702.45 5,63,321
491.9 11,13,192
1,775.95
3,525.96
4,173.37
5,339.46
3,462.08
1,919.72
5,849.09
3,980.97
5,625.16
895.65
892
795
788.5
875.8
838
696
702
489.1
123
UNITED SPIRITS
Date
2-Jan-12
31-Jan-12
1-Feb-12
Open
500
650
677
High
504.4
671.65
697.6
Low
477.7
650
660
LTP
495.5
669.65
685
Close
494.7
668.15
686.4
29-Feb-12
599.7
608
565.25
573
572.6
1-Mar-12
579
579
555.55
561.7
563.45
30-Mar-12
594.65
611.8
593.9
608
606.05
2-Apr-12
606.5
644.7
599.15
641
637.35
30-Apr-12
785
804.7
765.55
779
781.45
2-May-12
789.5
796.35
777.6
779.7
784.6
31-May12
1-Jun-12
600.5
604.6
547.3
567.7
563.7
570.05
588.6
566.35
582.4
582.95
29-Jun-12
670.55
690.9
670.55
683
686.35
2-Jul-12
689
720
681.5
714.5
712.85
31-Jul-12
777.95
820
775.55
811.55
809.2
1-Aug-12
808
824.95
793.3
800.3
803
31-Aug-12
976.75
993.35
960.1
971.5
969.15
3-Sep-12
983.4
1,004.00
952
1001
986.9
28-Sep-12
1,270.00
1,292.80
1,198.15
1230
1,216.10
1-Oct-12
1,230.00
1,258.00
1,221.70
1,239.05
31-Oct-12
1,150.00
1,183.55
1,122.00
1-Nov-12
1,175.00
1,211.75
1,171.45
1238.8
5
1181.2
5
1178.9
30-Nov-12
2,045.00
2,047.00
1,974.10
1,996.20
3-Dec-12
1,990.00
2,028.90
1,974.10
1995.0
5
2012.9
124
1,175.75
1,185.60
2,001.70
Turnover
(in
Volume
Lakhs)
8,26,356 4,055.51
7,39,735 4,913.29
13,66,83 9,375.33
0
21,13,72 12,211.99
5
14,17,00 7,993.87
9
12,07,31 7,307.89
9
15,82,98 9,842.08
6
24,02,74 18,918.55
6
11,64,32 9,178.63
6
39,49,09 22,588.50
4
21,14,26 12,283.56
1
11,80,21 8,062.85
3
17,79,83 12,605.27
7
41,89,72 33,381.81
2
29,45,78 23,769.36
4
39,97,85 38,981.72
6
37,72,30 36,685.60
1
57,62,83 71,243.50
2
30,48,27 37,728.29
6
34,54,67 39,840.77
2
32,05,82 38,177.12
9
29,55,29 59,396.51
2
25,59,17 51,238.02
31-Dec-12
1,901.10
1,918.80
1,891.00
5
1899.9
5
125
1,898.75
9
7,35,277 13,992.45
DEN NETWORK
Date
4-Jan-10
29-Jan-10
1-Feb-10
26-Feb-10
2-Mar-10
31-Mar-10
1-Apr-10
30-Apr-10
3-May-10
31-May-10
1-Jun-10
30-Jun-10
1-Jul-10
30-Jul-10
2-Aug-10
31-Aug-10
1-Sep-10
30-Sep-10
1-Oct-10
29-Oct-10
1-Nov-10
30-Nov-10
1-Dec-10
31-Dec-10
Open
197
183.95
189.95
180
197
196
195.9
196
197
212
214.5
200.9
201
201.25
210
223.5
226.9
239.9
237.9
238
232.1
194.35
178.25
193
High
197.65
191.95
195.6
190.3
197
196
198
202
200
214.2
214.5
211.6
203.9
210.95
210
227.55
240
239.9
238.9
238
237.35
197
190.5
193
Low
192.6
182
189.95
176.5
185.65
194.1
195.5
196
197
205.15
192
197.35
197.5
200.25
203.05
219.35
224.8
232.05
235.2
226.55
230.25
167.05
178.25
180
LTP
193
191
192
188.1
189.2
195
196.25
198.4
199.05
205.45
199
202
198.5
205
205.1
223
238
233.1
238.9
232
232.5
178.05
189
180.9
126
Close
193.5
191
192.05
188.95
187.9
195.75
197.1
199
199.25
206.9
197.05
203.3
198.95
206.05
205
223.05
233.65
235
237.75
232.4
232.15
178.45
184.6
180.85
Volume
18,350
35,810
23,293
56,717
19,927
63,266
17,827
21,729
6,202
21,584
1,40,711
1,10,368
29,676
27,446
16,842
14,653
42,572
38,061
15,455
1,19,545
68,720
1,64,465
50,186
34,930
Turnove
r (in
Lakhs)
35.74
67.5
44.92
105.09
37.68
123.75
35.1
43.36
12.35
45.15
289.25
225.89
59.49
56.67
34.81
32.6
98.59
89.81
36.77
279.53
161.27
293.22
92.4
63.37
DEN NETWORK
Date
3-Jan-11
31-Jan-11
Open
189.9
150
High
189.9
157.7
Low
179
147
LTP
187
150
1-Feb-11
28-Feb-11
1-Mar-11
31-Mar-11
149.5
102.9
105.35
87.9
150
111.8
106.9
89.9
140.3
97.55
105
82.35
145
103.5
105
84.8
1-Apr-11
29-Apr-11
2-May-11
31-May-11
1-Jun-11
87.7
100.5
99.5
105.8
102.3
87.7
101.5
99.5
105.8
104.2
84
98.1
97
102
100.4
84.95
99.45
97.65
102.2
101
30-Jun-11
87.4
88.45
86.25
87.55
1-Jul-11
29-Jul-11
1-Aug-11
30-Aug-11
88
82
80.45
41.7
89.4
82
81.4
42.9
86.05
79.15
79.25
40.75
87.2
79.15
79.35
41.4
2-Sep-11
30-Sep-11
40.6
69.85
42
74.4
40.5
67.45
41.65
71
3-Oct-11
31-Oct-11
70.9
79
70.95
82
65.9
76.45
67.3
78.15
1-Nov-11
77.05
78.75
74.55
75.6
30-Nov-11
1-Dec-11
30-Dec-11
62.75
63.5
48.1
62.75
63.5
50.45
59.6
61
47.3
61
61.05
48.45
127
Close
Volume
185.4
39,129
149.35 3,90,94
6
144.6
61,784
104.35
92,916
105.45
10,091
85.1 5,83,13
5
85.05
33,678
99.15
59,978
97.85
76,229
102.3
37,483
101.15 1,24,93
2
87.3 3,65,01
3
86.8
70,522
80.15
70,987
79.6
98,539
41.35 1,61,90
9
41.65
73,130
69.9 3,58,89
5
66.9
98,740
77.85 1,20,16
2
76.2 1,37,62
0
60.95
33,465
61.2
31,409
48.45
13,694
Turnover
(in
Lakhs)
71.11
587.64
90.48
95.74
10.7
498.51
28.67
59.57
74.86
38.7
128.38
320.21
61.56
57.77
78.57
67.34
30.33
256.19
67.02
94.31
105.43
20.41
19.35
6.64
DEN NETWORK
Date
2-Jan-12
31-Jan-12
2-Feb-12
29-Feb-12
1-Mar-12
30-Mar-12
2-Apr-12
30-Apr-12
2-May-12
31-May-12
1-Jun-12
29-Jun-12
2-Jul-12
31-Jul-12
1-Aug-12
31-Aug-12
3-Sep-12
28-Sep-12
Open
48.5
73.5
80
103
105.5
101.1
106
106.1
5
110.1
92.4
96.85
95.85
97
122.5
5
121.7
5
118
1-Oct-12
118.8
163.0
5
175
31-Oct-12
179
1-Nov-12
179.2
5
200.4
205.8
5
196.6
5
30-Nov-12
3-Dec-12
31-Dec-12
Low
48.5
73.5
79
102.1
100.9
101.1
105.4
106
LTP
49.4
75.4
80
105
102.2
106
109.35
109.05
Close
49.45
76.5
79.9
104.75
102.8
105.85
108.95
108.75
Volume
13,248
1,92,928
1,94,064
1,78,257
1,18,050
2,65,322
2,40,217
86,837
Turnover
(in
Lakhs)
6.54
147.79
155.21
184.75
123.48
279.67
261.2
94.18
107
90.9
91.5
95.05
96.05
120.5
109.05
95
91.5
97.5
96.8
122
110.85
95.2
91.8
97.4
96.9
122.6
9,15,493
1,22,808
73,953
49,354
45,060
97,366
1,032.73
115.08
69.43
47.74
43.84
119.46
117.25
119.05
119.35
98,468
118.71
115.6
117
117.35
72,511
86.23
116.5
161.2
117.95
175.8
117.55
173.55
35,397
8,20,001
41.76
1,394.05
174.3
182.55
181.95
6,52,046
1,168.54
175.45
177
178.45
1,80,382
321.33
178
181.25
181.35
5,54,624
1,011.18
206.1
206.2
200.4
203
204.4
205
203.95
204.6
6,90,099
1,59,350
1,404.65
326.84
200.9
188.7
195
195.9
2,46,136
481.51
High
49.5
78
81.9
105.5
107
107.4
110.3
109.7
5
117
96.5
96.85
98
98.25
123.9
5
124.4
5
121.4
5
119.9
176.8
5
183.3
5
179.7
5
188
128
STRIDES ARCOLAP
Date
4-Jan-10
29-Jan-10
1-Feb-10
26-Feb-10
2-Mar-10
31-Mar-10
1-Apr-10
30-Apr-10
3-May-10
31-May-10
1-Jun-10
30-Jun-10
1-Jul-10
30-Jul-10
2-Aug-10
31-Aug-10
1-Sep-10
30-Sep-10
1-Oct-10
29-Oct-10
1-Nov-10
30-Nov-10
1-Dec-10
31-Dec-10
Open
240
272
285
293
295.8
341.4
5
341
331.6
5
334.6
359
349.8
5
413.5
413
418.8
5
427.4
410
408.4
422.8
422.4
429.8
425.8
382.4
394.4
448.1
High
251.7
286
287
299.4
312
349
Low
238.1
262
276.6
286.1
295.8
336.6
LTP
242.5
284
280
295
311.25
338.55
Close
243.2
283.85
278.55
292.5
309.9
338.75
Volume
3,02,202
4,50,040
3,37,008
2,64,125
4,83,637
2,26,151
Turnover
(in
Lakhs)
743.16
1,234.90
946.97
775.33
1,475.68
772.02
344.8
337.9
333.15
331.65
337.9
335
337.45
334.6
2,02,738
2,31,621
686.39
774.6
340.95
362.6
359.9
331.4
343
344.8
339.5
353.5
353.15
338.3
351.9
354.75
2,22,470
2,60,016
2,23,387
750.56
914.84
790.88
422.9
421.5
430.7
411
408.25
416.1
411.5
409.5
426
413.2
411.6
424.5
1,72,984
1,69,671
1,82,931
720.18
702.55
775.99
447.7
412.2
419.9
435
440.95
442
432.1
397.7
416
450
427.4
401
408.4
417
418
416.1
422.5
375.5
393.9
444
447
403
414.25
434
434.3
424
428.95
394
414
449.9
444.4
405
416.4
429.9
434.6
420.8
426.9
390.9
412.3
448.6
5,22,675
1,35,773
1,28,601
1,20,919
83,941
3,99,089
73,752
1,60,717
2,30,778
1,50,561
2,300.29
552.59
534.56
514.96
365.95
1,713.90
315.9
623.46
939.77
674.77
129
STRIDES ARCOLAP
Date
3-Jan-11
31-Jan-11
1-Feb-11
28-Feb-11
1-Mar-11
31-Mar-11
1-Apr-11
29-Apr-11
2-May-11
31-May-11
1-Jun-11
30-Jun-11
1-Jul-11
29-Jul-11
1-Aug-11
30-Aug-11
2-Sep-11
30-Sep-11
3-Oct-11
31-Oct-11
1-Nov-11
30-Nov-11
1-Dec-11
30-Dec-11
Open
446
404.8
418
326
314
376.8
366.2
399.9
392.0
5
393
388
339.7
338.2
375.1
372.1
5
290
294
352
348
397.5
394
410
422
397
Turnover
Volume (in Lakhs)
76,163
343.87
1,33,618
547.84
56,875
230.68
2,75,205
887.61
13,00,363
4,532.16
2,41,032
884.47
52,821
192.13
1,10,559
431.64
6,61,504
2,550.72
High
456
419
419.6
332
371
376.8
370.4
401.4
397.5
Low
446
394
400.2
304.8
310.4
362
359.2
381.3
375.1
LTP
451
417.15
401
308.7
357.9
370
360.2
389
391
Close
450.35
414.1
403.75
309.15
358.8
368.75
360.25
386.35
391.9
396.8
388.5
339.7
339.75
379
382.5
383.4
372.35
335.65
334.05
366
372.15
386.1
375
336.45
336
373.5
377.5
386.55
374.45
337.05
335.55
375.55
377.2
1,73,693
75,932
56,738
1,90,911
96,789
46,447
676.84
286.69
191.71
644.3
361.74
175.46
297.85
299.8
364
348
399.85
405.1
419.9
423.9
408.9
280.5
287.65
350.5
331.15
393.3
394
396.5
406
388.35
297.85
289.25
353
334
393.3
400
417.5
406.5
399
293.1
290.05
353.7
334.85
396
402.75
411.25
408.9
401.15
94,918
1,13,941
2,28,184
66,915
1,18,890
1,48,519
67,236
36,011
1,76,363
276.85
337.46
817.02
227.19
470.77
596.32
274.23
148.79
703.96
130
STRIDES ARCOLAP
Date
2-Jan-12
31-Jan-12
Open
401.5
519
High
401.95
531.8
Low
396.1
515.4
LTP
398.5
525
1-Feb-12
522.65
528
502.25
510.1
29-Feb-12
535
545.5
512
544
1-Mar-12
543
558.5
539
549
30-Mar-12
2-Apr-12
590
504.95
594.85
629
580.9
504.95
582.2
601.2
30-Apr-12
666
684.9
662.8
668.2
2-May-12
676
690
674.6
681.25
31-May-12
1-Jun-12
29-Jun-12
2-Jul-12
680.05
679.1
743.4
744
690.5
701
758.65
751
676.1
678
739
723.55
684.25
679.15
742
730
31-Jul-12
1-Aug-12
31-Aug-12
723.2
712.3
838.1
726.4
721
847.95
710
712.1
817
713.9
716
817
3-Sep-12
820.3
834
815
818.5
28-Sep-12
904.5
905.05
870.4
894
1-Oct-12
889.1
909
885
895
31-Oct-12
1-Nov-12
30-Nov-12
886.05
893
1,126.1
0
1,139.0
0
1,080.0
0
903
902
1,156.4
0
1,192.0
0
1,106.7
0
885
884
1,088.00
891.95
884.15
1134
1,135.40
1181.1
1,057.05
1096
3-Dec-12
31-Dec-12
131
Turnover
Close
Volume (in Lakhs)
399.25
17,669
70.46
524.9 4,33,14
2,267.02
4
510.05 2,36,07
1,203.93
3
537.65 2,60,77
1,375.40
2
546.8 1,79,34
986.62
2
586.85
53,480
315.47
600.25 2,84,40
1,734.51
1
672.85 2,00,95
1,347.46
9
680.6 5,56,37
3,806.14
7
681.45
48,976
333.31
683.15
92,703
641.39
741.55
81,692
610.75
729.1 1,90,15
1,399.51
0
712.35
49,065
351.05
717.55
48,987
351.21
819.6 1,01,38
841.82
9
820.8 1,67,73
1,381.58
8
884.75 2,13,15
1,883.93
3
893.5 1,18,16
1,060.40
4
894.15
58,103
521.25
887.2
48,680
434.26
1,131.65 6,18,46
7,006.52
4
1,181.50 6,17,86
7,233.10
6
1,095.80 5,29,50
5,766.88
9
DENA BANK
Date
4-Jan-10
Open
83.9
High
85.65
Low
83.3
LTP
85
Close
84.9
29-Jan-10
1-Feb-10
26-Feb-10
2-Mar-10
31-Mar-10
1-Apr-10
30-Apr-10
3-May-10
31-May-10
1-Jun-10
30-Jun-10
1-Jul-10
30-Jul-10
2-Aug-10
73.85
77.1
77
81.95
79.5
79.15
88
89.1
86.75
89.6
93
92.2
99
100
103.2
5
103.4
108
107.4
5
138.4
140
125
127
112.4
78.7
81.25
82.95
84
80.5
80.3
89.85
89.1
90.1
91.7
93.75
93.45
100.5
102.7
71.25
76.15
76.3
81.6
78.05
78.4
87.6
86
85.8
85.75
92.2
92.05
97.55
99.6
77.4
80.9
80.65
83.75
78.05
79.5
88.55
87.2
90
86.1
93.35
92.15
99.15
102.1
77.55
80.6
80.55
83.55
78.3
79.35
88.7
86.85
89.6
86.3
93.05
92.25
98.9
102.15
Turnover
(in
Volume
Lakhs)
27,26,091 2,310.90
1,05,72,46
7 7,865.82
69,94,548 5,562.48
39,08,014 3,141.52
31,95,010 2,653.31
5,45,509
428.72
11,40,815
905.83
62,46,814 5,556.09
18,75,104 1,632.77
38,12,605 3,373.94
33,82,791 3,008.25
9,70,765
903.29
4,90,582
454.69
35,85,151 3,564.67
35,45,699 3,593.78
103.25
105.9
108.25
101.3
103.2
105.15
103
105.85
107.4
102.8
105.55
106.05
11,28,769
15,88,865
49,77,566
109.5
139.9
142.2
127.35
137.85
117.5
107.3
132
137.1
119
123.55
112
109.05
138.3
140.75
125.9
137.65
116
109.05
136.7
141.05
125.9
135.6
116.5
28,47,501 3,083.27
44,30,237 6,047.31
32,99,515 4,637.89
19,61,613 2,443.45
28,14,593 3,729.66
17,15,032 10,979.52
31-Aug-10
1-Sep-10
30-Sep-10
1-Oct-10
29-Oct-10
1-Nov-10
30-Nov-10
1-Dec-10
31-Dec-10
132
1,152.87
1,664.70
5,274.52
DENA BANK
Date
Open
High
Low
LTP
Close
3-Jan-11
117
118.55
116.15
116.6
116.65
31-Jan-11
102
105.45
99.15
105.45
104.75
1-Feb-11
105
106.5
101.15
101.3
101.9
28-Feb-11
93.5
96.5
93.05
95.3
95.1
1-Mar-11
99.15
95.8
99.1
98.85
31-Mar-11
95.9
105.4
5
106.35
102.4
104.2
104
1-Apr-11
102.5
107.4
95.65
106.8
106.35
29-Apr-11
108
108.95
102.8
104.1
104.25
2-May-11
105
105
100
101.25
101.8
31-May-11
91.35
93.95
91.25
93.65
93.5
1-Jun-11
94.9
96.35
93.3
96
96.05
30-Jun-11
88
91.7
88
90.55
90.5
1-Jul-11
90.6
92.05
89.65
90.8
90.75
29-Jul-11
80
85.9
78.6
85.35
84.7
1-Aug-11
85.2
87.5
84.75
85.45
85.4
30-Aug-11
81
82.25
79.25
81.9
81.8
2-Sep-11
30-Sep-11
3-Oct-11
81.5
75.35
76.8
83.3
79.8
76.95
80.25
75.35
76
83.2
77.8
76.1
82.65
77.85
76.4
31-Oct-11
76.9
81.65
75.8
80.55
80.75
1-Nov-11
80.2
82.5
80
80.5
80.8
30-Nov-11
1-Dec-11
63.5
64.65
63.85
66.2
62.1
63.1
63.25
63.55
63.2
63.5
133
Volume
10,56,52
6
26,07,19
9
14,49,39
8
24,26,04
4
19,14,70
4
8,66,737
12,08,14
1
39,71,45
1
18,86,27
8
10,37,61
7
19,20,40
9
27,38,20
4
13,28,12
5
87,03,82
1
14,94,97
4
14,95,84
3
11,74,61
1
5,09,783
4,68,063
44,42,60
4
24,81,11
5
10,32,63
4
15,22,22
Turnover
(in
Lakhs)
1,240.78
2,679.35
1,505.96
2,303.46
1,870.14
902.41
1,268.78
4,175.08
1,913.04
960.03
1,823.59
2,478.27
1,206.00
7,289.23
1,284.96
1,207.34
964.3
399.91
357.97
3,543.18
2,017.55
650.53
983.39
30-Dec-11
50
50.45
48.25
49.2
134
48.85
5
13,11,63
8
649.8
DENA BANK
Date
2-Jan-12
31-Jan-12
1-Feb-12
29-Feb-12
1-Mar-12
30-Mar-12
2-Apr-12
30-Apr-12
2-May-12
31-May-12
1-Jun-12
29-Jun-12
2-Jul-12
31-Jul-12
1-Aug-12
31-Aug-12
3-Sep-12
28-Sep-12
1-Oct-12
31-Oct-12
1-Nov-12
30-Nov-12
3-Dec-12
31-Dec-12
Open
49.5
65
67.1
87.55
88.5
87.2
90.5
91.25
93.4
86
91.4
97
99.2
92.15
92.65
84.55
87.5
106.9
5
106.1
105.7
5
106
109.3
111.8
5
114.9
High
49.85
68.1
69.2
90.7
89.75
90.45
91.95
93.95
95.75
94.75
91.9
99.5
100.4
92.75
93.45
88.8
88.65
Low
47.55
65
67.05
85.55
86.2
87
89.75
91.1
93.4
84.6
87.25
97
98.8
89.15
91
84.55
86.65
LTP
49.4
68
69.15
88.75
89.4
90.25
91.4
93.45
95.1
92
87.25
98.5
99
92.7
92.5
87
87.5
Close
48.85
67.9
68.8
88.65
89.3
90.05
91.35
93.15
95.15
92
88.05
98.75
99.25
92.15
92.7
87.2
87.1
Volume
13,45,713
20,47,829
29,47,209
40,30,893
26,38,267
17,93,810
13,46,937
14,33,058
17,27,000
34,27,797
15,85,007
32,00,712
30,06,090
31,63,054
18,35,707
11,36,719
6,10,002
Turnover
(in
Lakhs)
650.97
1,375.25
2,017.35
3,567.81
2,328.71
1,601.38
1,229.61
1,331.97
1,642.15
3,088.58
1,422.35
3,155.44
2,997.19
2,870.19
1,696.23
993.38
534.91
108.4
109.4
105.55
105.55
106.05
109.2
106.1
108.95
22,79,436
26,41,387
2,441.20
2,854.14
106.9
107.8
112
104.6
105.55
109
106
106.45
111.05
106.25
106.6
111.1
16,26,046
25,89,286
25,17,160
1,721.57
2,766.63
2,788.75
113.6
116.35
110.75
114.45
113.5
114.6
113.3
114.75
24,21,544
12,95,194
2,720.83
1,492.46
135
(Rs. in Cores)
Mar-12
Mar-11
Mar-10
2,566.3
2
5.92
2,560.4
0
20.12
90.10
2,670.6
2
1,758.9
0
3.98
1,754.9
2
17.09
-18.41
1,753.6
0
1,853.5
8
4.48
1,849.1
0
227.26
29.23
2,105.5
9
1,438.5
9
8.58
1,430.0
1
56.14
-14.02
1,472.1
3
1,236.2
0
14.35
1,221.8
5
82.88
50.93
1,355.6
6
1,060.2
2
66.16
234.72
43.67
804.28
899.67
662.31
606.03
42.60
171.94
36.87
39.46
151.94
32.40
36.41
139.20
27.30
29.72
111.50
23.29
226.39
180.79
229.28
191.56
173.84
428.61
384.53
704.73
66.77
0.00
0.00
1,243.1
6
0.00
0.00
0.00
2,059.7
7
610.85
160.77
450.08
66.37
383.71
-5.43
0.00
205.14
184.00
-75.66
259.66
0.00
-343.67
1,621.0
1
132.59
203.08
-70.49
61.58
-132.07
0.00
0.00
0.00
-132.07
-292.88
160.81
0.00
-211.60
2,595.9
1
-490.32
231.97
-722.29
71.05
-793.34
0.00
0.87
0.00
-794.21
-930.52
136.31
0.00
-296.76
1,761.5
1
-289.38
121.67
-411.05
46.03
-457.08
0.00
3.80
-112.12
-348.76
-443.83
95.07
0.00
52.00
1,011.1
5
344.51
36.85
307.66
34.54
273.12
25.18
3.61
30.45
213.88
0.00
213.88
0.00
32.16
0.00
12.76
-172.43
0.00
0.00
-343.67
0.00
-879.36
-211.61
0.00
0.00
-296.76
0.00
194.04
52.00
0.00
0.22
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
123.12
0.00
225.00
136
Dec-09
Dec-08
16.79
0.00
0.00
0.00
17.63
16.79
0.00
0.00
0.00
17.63
10.98
-6.74
-10.69
61.89
93.75
(Rs. in Crore)
Particulars
SOURCES OF FUNDS :
Share Capital
Reserves Total
Total Shareholders Funds
Mar-12
Mar-11
Mar-10
Dec-09
Dec-08
816.09
65.49
881.58
799.93
-128.45
671.48
723.30
-171.66
551.64
54.72
622.55
677.27
Secured Loans
1,131.6
2
220.09
1,428.1
0
467.93
1,534.3
3
463.80
749.15
54.72
971.31
1,026.0
3
253.98
1,351.7
1
2,233.2
9
1,896.0
3
2,567.5
1
1,998.1
3
2,549.7
7
1,280.7
6
424.80
1,138.1
8
375.73
0.00
Unsecured Loans
Total Debt
Total Liabilities
APPLICATION OF
FUNDS :
Gross Block
Less : Accumulated
Depreciation
Less: Impairment of
Assets
Net Block
Lease Adjustment
Capital Work in Progress
Investments
Current Assets, Loans &
Advances
Inventories
Sundry Debtors
Cash and Bank
Loans and Advances
Total Current Assets
Less : Current Liabilities
and Provisions
Current Liabilities
Provisions
Total Current Liabilities
1,071.4
9
1,820.6
4
2,497.9
1
554.83
1,031.8
2
316.60
958.95
764.42
244.17
194.67
0.00
0.00
0.00
0.00
855.96
0.00
810.80
307.95
762.45
0.00
771.74
307.95
715.22
0.00
462.88
315.65
714.78
0.00
399.15
302.60
569.75
0.00
340.92
302.47
453.07
260.84
75.94
105.71
895.56
305.07
311.73
161.67
71.62
850.09
305.97
463.59
98.95
641.60
1,510.1
1
257.08
459.45
474.08
891.76
2,082.3
7
262.42
346.98
177.15
261.27
1,047.8
2
675.95
21.15
697.10
394.73
15.78
410.51
391.23
62.86
454.09
417.12
583.87
1,000.9
9
257.45
56.55
314.00
137
808.81
1,834.8
4
198.46
439.58
Miscellaneous Expenses
not written off
Deferred Tax Assets
Deferred Tax Liability
Net Deferred Tax
Total Assets
0.00
24.48
229.62
-205.14
1,968.0
3
1,317.5
6
Contingent Liabilities
1,081.3
8
0.00
733.82
0.00
1,056.0
2
0.00
203.24
203.24
0.00
2,281.7
2
1,652.2
7
220.27
220.27
0.00
2,549.7
7
2,180.3
9
184.12
184.12
0.00
2,497.9
1
1,938.0
3
20.00
132.12
-112.12
1,834.8
4
1,219.8
1
0.00
Mar-12
2.1
1.1
0.6
2.1
6.8
9.0
4.7
32.2
29.6
26.0
12.7
10.1
30.3
237.0
35.7
610.9
0.0
54.6
16.8
Mar-11
3.2
2.0
1.0
1.6
5.8
4.5
1.8
24.2
20.7
12.6
12.6
9.1
0.0
0.0
0.0
132.6
0.0
-48.1
0.0
138
Mar-10
3.1
2.1
1.3
1.5
5.3
3.2
1.6
23.8
19.9
11.2
11.2
7.4
0.0
0.0
0.0
-490.3
0.0
-13.0
0.0
mar-09
1.5
1.0
1.3
1.7
5.5
3.6
0.9
10.7
7.5
2.3
9.8
6.6
0.0
0.0
0.0
-289.4
0.0
1.8
0.0
Mar-08
0.8
0.7
2.2
1.7
5.2
4.1
8.4
27.9
25.1
24.9
20.1
17.3
17.7
21.6
23.7
344.5
2.7
4.5
17.6
STATEMENTS OF PROFIT & LOSS IN UNITED SPIRITS (P) LTD., (Rs. in Cores)
Particulars
INCOME :
Sales Turnover
Mar-12
Mar-11
Mar-10
Mar-09
Mar-08
Excise Duty
16,046.4
3
8,503.76
12,836.6
0
6,467.71
Net Sales
7,542.67
6,368.89
Other Income
Stock Adjustments
Total Income
177.59
179.82
7,900.08
133.35
277.33
6,779.57
9,183.8
7
4,254.9
4
4,928.9
3
131.81
141.06
5,201.8
0
7,454.9
6
3,365.4
2
4,089.5
4
68.50
175.41
4,333.4
5
5,507.4
3
2,370.0
7
3,137.3
6
54.11
57.30
3,248.7
7
EXPENDITURE :
Raw Materials
2,974.16
2,434.84
29.97
421.01
1,751.31
26.61
369.82
1,456.13
1,539.4
7
19.68
254.99
969.90
949.67
1,526.32
1,335.41
1,875.1
8
19.34
285.79
1,039.1
3
1,026.1
6
805.88
683.86
81.30
0.00
59.94
0.00
60.11
0.00
48.66
0.00
47.20
0.00
6,784.07
5,682.75
Operating Profit
Interest
Gross Profit
Depreciation
Profit Before Tax
Tax
Fringe Benefit tax
Deferred Tax
Reported Net Profit
Extraordinary Items
Adjusted Net Profit
Adjust. below Net Profit
P & L Balance brought
forward
Statutory
Appropriations
Appropriations
P & L Balance carried
down
Dividend
1,116.01
551.27
564.74
60.85
503.89
169.50
0.00
-8.40
342.79
-6.90
349.69
0.00
1,535.80
1,096.82
467.47
629.35
47.75
581.60
179.35
0.00
16.78
385.47
24.66
360.81
0.41
1,238.05
4,305.7
1
896.09
315.06
581.03
38.63
542.40
151.22
0.00
15.16
376.02
48.90
327.12
0.00
948.64
3,638.5
8
694.87
200.85
494.02
36.16
457.86
174.79
5.01
-18.60
296.66
2.99
293.67
10.40
701.83
2,598.5
2
650.25
133.92
516.33
32.61
483.72
169.75
4.00
-1.31
311.28
-0.49
311.77
0.00
441.12
0.00
0.00
0.00
0.00
0.00
88.00
1,790.59
88.13
1,535.80
60.25
948.64
50.57
701.83
32.70
32.70
86.61
1,238.0
5
31.40
21.58
15.04
139
16.04
224.81
676.94
Preference Dividend
Equity Dividend %
Earnings Per Share-Unit
Cur
Earnings Per
Share(Adj)-Unit Cur
Book Value-Unit Cur
0.00
25.00
25.80
0.00
25.00
29.06
0.00
25.00
29.53
0.00
20.00
29.25
0.19
15.00
30.80
25.80
29.06
29.53
29.25
30.80
449.43
390.20
381.06
306.61
200.61
Mar-12
Mar-11
Mar-10
Mar-09
Mar-08
130.80
5,747.69
Total Shareholders
Funds
Secured Loans
5,878.49
Unsecured Loans
1,170.62
125.59
4,660.1
9
4,785.7
8
2,589.2
5
926.82
107.91
2,970.8
0
3,078.7
1
1,306.4
8
636.26
100.16
1,909.1
6
2,009.3
2
1,106.7
4
55.34
Total Debt
4,281.09
Total Liabilities
10,159.5
8
130.80
4,972.9
7
5,103.7
7
2,517.9
6
1,090.3
8
3,608.3
4
8,712.1
1
3,516.0
7
8,301.8
5
1,942.7
4
5,021.4
5
1,162.0
8
3,171.4
0
928.86
787.62
653.08
326.71
1,183.7
6
271.56
222.21
194.99
160.24
0.00
0.00
0.00
0.00
0.00
1,125.83
0.00
56.72
1,629.32
912.20
0.00
36.00
1,453.2
5
706.65
0.00
39.58
1,254.0
0
592.63
0.00
28.26
2,051.4
8
492.84
0.00
36.12
657.16
1,452.24
829.19
653.97
384.38
Sundry Debtors
Cash and Bank
Loans and Advances
1,282.80
277.70
865.87
1,162.1
3
958.59
154.92
602.30
3,878.61
946.16
246.47
5,397.3
7
7,419.1
9
665.04
84.86
1,881.2
8
3,285.1
5
413.50
28.00
1,934.5
7
2,760.4
5
APPLICATION OF
FUNDS :
Gross Block
Less : Accumulated
Depreciation
Less: Impairment of
Assets
Net Block
Lease Adjustment
Capital Work in Progress
Investments
3,110.47
1,452.54
2,877.9
4
140
1,812.10
Provisions
Total Current Liabilities
71.22
1,883.32
1,995.29
Miscellaneous Expenses
not written off
Deferred Tax Assets
Deferred Tax Liability
Net Deferred Tax
Total Assets
0.00
Contingent Liabilities
4,688.33
83.89
55.21
28.68
4,835.84
1,332.8
1
67.50
1,400.3
1
1,477.6
3
0.00
1,039.4
6
84.60
1,124.0
6
6,295.1
3
0.00
889.40
729.82
68.31
957.71
45.87
775.69
2,327.4
4
0.00
1,984.7
6
0.00
65.31
45.04
20.27
3,899.3
5
713.95
43.39
36.90
6.49
8,301.8
5
216.13
52.27
30.63
21.64
5,021.4
5
3,302.2
1
25.62
25.10
0.52
3,171.4
0
2,650.3
7
141
Mar-12
0.7
0.4
1.0
12.2
12.3
14.3
1.9
7.0
6.6
3.5
2.5
2.1
11.1
6.2
23.5
1,116.0
0.4
1.4
25.8
Mar-11
0.7
0.5
2.0
12.2
12.9
13.5
2.2
8.5
8.2
4.9
3.4
3.0
12.3
7.8
36.2
1,096.8
0.2
2.7
29.1
142
Mar-10
0.7
0.4
2.3
10.7
12.4
11.4
2.5
9.0
8.6
5.6
4.0
3.6
11.8
8.3
44.8
896.1
0.2
3.5
29.5
Mar-09
0.6
0.3
1.7
10.4
14.4
13.8
3.3
9.3
8.8
6.6
4.5
4.0
16.1
11.7
22.2
694.9
0.3
2.1
29.3
Mar-08
0.8
0.5
2.3
8.9
16.3
14.3
4.6
11.8
11.2
9.4
6.2
5.7
20.7
18.6
48.9
650.3
0.1
7.5
30.8
(Rs. in Cores)
Dec11
Dec10
Dec09
Dec08
Dec07
714.32
4.81
709.51
119.57
-6.62
822.46
505.42
1.44
503.98
209.67
7.85
721.50
770.88
2.53
768.35
92.67
11.99
873.01
596.03
2.89
593.14
206.56
4.42
804.12
413.10
0.23
412.87
42.45
9.38
464.70
425.05
10.01
50.11
15.79
81.19
301.54
8.80
47.20
14.56
63.11
447.34
16.50
79.86
38.27
68.42
346.49
14.02
59.95
38.53
53.31
241.87
13.11
47.62
30.34
44.06
12.00
0.00
78.50
0.00
21.43
0.00
203.08
0.00
141.34
0.00
594.15
228.31
84.52
143.79
17.62
126.17
513.71
207.79
103.63
104.16
15.08
89.08
671.82
201.19
61.96
139.23
22.69
116.54
715.38
88.74
65.43
23.31
18.88
4.43
Tax
Fringe Benefit tax
Deferred Tax
Reported Net Profit
8.25
0.00
0.00
117.92
15.52
0.00
0.00
73.56
16.41
0.33
-5.71
105.51
0.00
0.40
-2.10
6.13
Extraordinary Items
Adjusted Net Profit
Adjust. below Net Profit
P & L Balance brought forward
Statutory Appropriations
Appropriations
P & L Balance carried down
Dividend
Preference Dividend
Equity Dividend %
Earnings Per Share-Unit Cur
Earnings Per Share(Adj)-Unit Cur
Book Value-Unit Cur
47.17
70.75
0.00
102.98
0.00
22.51
198.39
11.74
0.00
20.00
19.88
19.88
232.35
42.52
31.04
14.86
78.06
0.00
63.50
102.98
9.16
0.00
15.00
12.48
12.48
243.12
61.90
43.61
0.00
-4.77
0.00
22.68
78.06
6.03
8.85
15.00
23.41
23.41
214.11
-45.30
51.43
0.00
-10.90
0.00
0.00
-4.77
0.00
0.00
0.00
1.53
1.53
82.34
518.34
-53.64
45.49
-99.13
18.89
118.02
3.50
0.36
-6.67
115.21
-65.32
-49.89
-0.21
104.52
0.00
0.00
-10.90
0.00
0.00
0.00
0.00
0.00
55.81
INCOME :
Sales Turnover
Excise Duty
Net Sales
Other Income
Stock Adjustments
Total Income
EXPENDITURE :
Raw Materials
Power & Fuel Cost
Employee Cost
Other Manufacturing Expenses
Selling and Administration
Expenses
Miscellaneous Expenses
Less: Pre-operative Expenses
Capitalized
Total Expenditure
Operating Profit
Interest
Gross Profit
Depreciation
Profit Before Tax
143
Dec-11
Dec-10
Dec-09
Dec-08
Dec-07
58.38
1,298.0
7
1,356.4
5
833.02
606.78
1,439.8
0
2,796.2
5
57.75
1,346.2
7
1,404.0
2
646.14
596.93
1,243.0
7
2,647.0
9
89.38
820.95
89.21
289.73
84.16
160.33
910.33
378.94
244.49
598.09
634.15
1,232.2
4
2,142.5
7
373.73
723.73
1,097.4
6
1,476.4
0
299.40
763.37
1,062.7
7
1,307.2
6
494.09
170.19
445.11
133.56
428.53
113.42
267.47
106.21
254.18
88.63
0.00
323.90
0.00
7.99
786.82
0.00
311.55
0.00
37.53
864.52
-11.78
326.89
0.00
11.22
1,518.0
4
0.00
161.26
0.00
145.41
939.58
0.00
165.55
0.00
50.46
836.17
130.32
264.29
81.46
1,735.1
9
2,211.2
6
129.31
159.73
81.03
1,435.5
5
1,805.6
2
95.50
207.53
31.38
359.79
86.97
286.32
16.38
117.63
72.21
180.22
125.59
166.25
694.20
507.30
544.27
315.99
214.97
530.96
1,680.3
0
0.00
220.96
149.09
370.05
1,435.5
7
0.00
220.63
169.55
390.18
304.02
200.38
70.92
271.30
236.00
251.97
29.27
281.24
263.03
0.00
0.00
0.00
27.49
27.49
0.00
2,799.0
1
24.39
24.39
0.00
2,649.1
7
10.63
10.63
0.00
2,160.1
7
0.00
5.85
-5.85
1,476.4
0
0.00
7.95
-7.95
1,307.2
6
144
Contingent Liabilities
531.81
352.01
145
156.53
184.18
336.56
Dec-11
1.0
0.9
3.2
1.5
5.5
3.4
1.8
24.2
21.7
12.3
12.4
9.9
5.7
5.1
20.2
228.3
0.5
1.7
19.9
Dec-10
1.1
0.9
2.3
1.2
4.5
2.8
1.4
30.9
27.9
10.4
9.1
6.1
5.9
2.7
36.0
207.8
0.4
1.9
12.5
146
Dec-09
1.8
1.7
1.5
2.2
8.5
3.1
1.7
16.8
13.8
8.7
8.6
5.7
5.9
5.7
10.2
201.2
0.6
1.1
23.4
Dec-08
3.5
3.4
1.8
2.3
7.5
2.6
1.8
22.7
19.6
11.8
11.8
8.6
8.4
19.4
58.5
88.7
0.0
1.1
1.5
Dec-07
2.3
2.3
1.8
1.7
6.1
2.4
-0.1
3.3
-1.3
-7.7
-7.5
-12.1
0.0
0.0
0.0
-53.6
0.0
5.1
0.0
(Rs. in Crore)
Mar-12
Mar-11
Mar-10
Mar-09
Mar-08
6,794.1
3
582.17
7,376.3
0
5,033.5
3
533.84
5,567.3
7
4,010.3
6
588.63
4,598.9
9
3,447.5
0
545.63
3,993.1
3
2,675.9
0
486.20
3,162.1
0
4,693.1
3
714.68
3,270.1
6
688.20
2,910.3
4
511.59
2,383.0
7
467.89
1,817.1
4
370.85
253.99
225.93
199.27
173.94
151.27
35.60
712.98
30.55
454.47
27.61
263.39
26.84
399.96
29.45
475.85
102.57
0.00
60.21
6,573.1
6
186.42
0.00
100.01
4,955.7
4
74.51
0.00
101.03
4,087.7
4
243.91
2.78
-127.92
3,570.4
7
-41.25
1.89
-2.89
2,802.3
1
803.14
-0.22
803.36
0.00
0.00
611.63
-0.28
611.91
0.00
0.00
511.25
-0.38
511.63
0.00
0.00
422.66
-0.34
423.00
0.00
0.00
359.79
20.58
339.21
0.00
0.00
240.94
183.49
153.38
126.80
107.94
440.15
122.05
342.61
85.53
290.76
67.11
255.59
40.27
218.29
33.56
0.00
0.00
0.00
0.00
0.00
30.00
22.46
22.00
17.98
20.00
17.49
12.00
14.53
10.00
12.37
22.46
17.98
17.49
14.53
12.37
122.59
103.76
83.43
67.95
54.62
147
148
(Rs. in Crore)
Mar-12
Mar-11
Mar-10
Mar-09
Mar-08
350.06
4,127.27
77,166.8
0
3,880.95
1,861.43
333.39
3,322.53
64,209.6
2
1,691.66
1,281.52
286.82
2,314.87
51,344.2
8
1,561.91
2,081.19
286.82
1,883.67
43,050.6
1
1,443.13
1,800.50
286.82
1,513.84
33,943.1
8
394.62
2,512.93
87,386.5
1
70,838.7
2
57,589.0
7
48,464.7
3
38,651.3
9
5,194.96
4,721.41
4,355.03
4,982.41
3,533.01
356.24
687.40
759.49
874.70
504.64
23,027.6
5
56,692.5
4
406.63
1,708.49
0.00
18,768.9
1
44,828.0
5
403.74
1,429.21
0.00
15,694.2
3
35,462.4
4
407.28
910.60
0.00
12,473.0
8
28,877.9
6
405.15
851.43
0.00
10,282.9
8
23,023.9
8
412.02
894.76
0.00
87,386.5
1
40,011.2
2
5,474.78
70,838.7
2
14,833.4
0
3,962.42
57,589.0
7
13,174.7
0
20,481.7
4
48,464.7
3
11,506.7
9
3,027.47
38,651.3
9
14,723.1
1
1,877.18
149
Mar-12
71.8
29.6
7.0
69.1
7.9
15.7
8.6
6.0
2.7
0.7
1.5
1.9
1.0
20.7
4.0
5,496.3
3.3
0.7
22.5
150
Mar-11
69.5
29.8
7.9
65.0
9.6
19.3
7.9
5.1
2.8
0.8
1.7
1.9
1.0
20.9
5.8
3,881.8
2.1
1.0
18.0
Mar-10
68.2
29.8
9.9
72.6
12.8
18.4
7.6
5.5
2.1
1.1
1.6
1.6
1.0
23.6
4.5
3,421.6
2.5
0.9
17.5
Mar-09
67.4
29.6
11.1
69.1
13.7
20.8
8.0
5.5
2.5
1.3
1.9
1.8
1.0
24.1
2.2
2,805.7
3.7
0.5
14.5
Mar-08
67.1
31.7
8.9
67.9
15.4
20.8
7.7
5.2
2.5
1.4
1.9
2.0
1.0
25.6
4.1
2,176.9
2.0
0.9
12.4
(Rs. in Crore)
Mar12
Mar-11 Mar10
Mar09
Mar08
430.22
0.00
430.22
22.12
0.00
452.34
328.24
0.00
328.24
26.30
0.00
354.54
321.96
0.00
321.96
12.81
0.00
334.77
264.66
0.00
264.66
6.46
0.00
271.12
28.04
0.00
28.04
1.97
0.00
30.01
4.05
3.37
52.38
249.32
69.28
8.69
0.00
2.54
3.19
32.40
191.56
68.55
5.56
0.00
0.49
2.99
32.75
170.09
62.66
4.56
0.00
1.96
2.36
28.37
161.64
58.18
9.65
0.00
3.18
0.00
8.44
38.73
0.00
0.00
0.00
387.09
65.25
26.13
39.12
30.54
8.58
0.71
0.00
0.00
7.87
1.55
6.32
0.00
-8.04
0.00
0.00
-0.17
0.00
0.00
0.00
0.60
0.60
58.02
303.80
50.74
18.63
32.11
26.12
5.99
0.00
0.00
-0.97
6.96
2.23
4.73
0.00
-15.00
0.00
0.00
-8.04
0.00
0.00
0.00
0.53
0.53
56.19
273.54
61.23
19.30
41.93
21.86
20.07
0.00
0.00
-0.73
20.80
4.42
16.38
0.00
-35.80
0.00
0.00
-15.00
0.00
0.00
0.00
1.59
1.59
55.64
262.16
8.96
9.92
-0.96
10.55
-11.51
0.01
0.54
1.70
-13.76
0.84
-14.60
0.00
-22.04
0.00
0.00
-35.80
0.00
0.00
0.00
0.00
NA
118.39
50.35
-20.34
0.60
-20.94
0.97
-21.91
0.01
0.13
-0.01
-22.04
1.18
-23.22
0.00
0.00
0.00
0.00
-22.04
0.00
0.00
0.00
0.00
NA
104.79
151
(Rs. in Crore)
Mar-12
Mar-11 Mar10
Mar09
Mar08
130.49
626.62
757.11
208.30
47.23
255.53
1,012.6
4
130.49
602.69
733.18
104.87
49.55
154.42
887.60
130.49
595.53
726.02
160.77
2.20
162.97
888.99
22.12
196.40
218.52
115.40
5.50
120.90
339.42
21.32
171.76
193.08
10.64
9.56
20.20
213.28
292.24
88.11
0.00
204.13
0.00
74.03
415.46
224.25
58.70
0.00
165.55
0.00
38.69
365.87
184.00
33.06
0.00
150.94
0.00
19.43
318.56
131.79
11.50
0.00
120.29
0.00
25.39
136.90
11.47
0.96
0.00
10.51
0.00
36.13
150.00
0.00
119.46
198.03
96.68
414.17
0.00
97.32
219.30
95.05
411.67
0.00
101.01
205.33
214.26
520.60
0.00
59.72
31.96
98.00
189.68
0.00
15.22
14.26
43.90
73.38
133.94
0.06
134.00
280.17
0.00
0.00
0.00
0.00
973.79
66.57
119.76
0.08
119.84
291.83
0.00
0.00
0.00
0.00
861.94
33.63
117.43
2.14
119.57
401.03
0.00
2.06
3.03
-0.97
888.99
18.26
129.82
1.32
131.14
58.54
0.00
0.65
2.35
-1.70
339.42
11.08
56.44
0.31
56.75
16.63
0.00
0.16
0.15
0.01
213.28
21.33
152
Mar-12
0.3
0.2
2.1
1.7
0.0
4.0
1.3
14.7
7.6
8.7
8.6
1.5
3.4
0.8
175.0
65.3
0.0
1.8
0.6
Mar-11
0.2
0.2
2.7
1.6
0.0
3.3
1.2
14.6
6.6
8.9
9.4
1.4
2.4
0.6
158.3
50.7
0.0
1.5
0.5
153
Mar-10
0.3
0.2
2.2
2.0
0.0
4.0
1.8
17.5
10.7
11.5
11.9
5.1
5.6
3.4
122.8
61.2
0.0
3.5
1.6
Mar-09
0.3
0.2
1.1
3.7
0.0
7.1
-0.2
3.4
-0.6
-0.4
-1.2
-5.2
0.0
0.0
0.0
9.0
0.0
0.0
0.0