Bajaj Auto Ltd

Date
30-Nov-11
1-Dec-11
2-Dec-11
5-Dec-11
7-Dec-11
8-Dec-11
9-Dec-11
12-Dec-11
13-Dec-11
14-Dec-11
15-Dec-11
16-Dec-11
19-Dec-11
20-Dec-11
21-Dec-11
22-Dec-11
23-Dec-11
26-Dec-11
27-Dec-11
28-Dec-11
29-Dec-11
30-Dec-11
2-Jan-12
3-Jan-12
4-Jan-12
5-Jan-12
6-Jan-12
7-Jan-12
9-Jan-12
10-Jan-12
11-Jan-12
12-Jan-12
13-Jan-12
16-Jan-12
17-Jan-12
18-Jan-12
19-Jan-12
20-Jan-12
23-Jan-12

Close Price Return

1669
1703.85
1714.55
1700.3
1724.45
1728.1
1670.35
1631.1
1659.85
1649.1
1651.65
1650.75
1641.1
1600.65
1614.3
1611.75
1598.55
1611.15
1625.5
1609.85
1602.35
1591.4
1475.5
1494.5
1425.55
1468.6
1456.75
1448.45
1422.35
1429.5
1456.9
1475.6
1430.75
1423.55
1452.5
1454.75
1467.75
1561.35
1574.55

2.088076693
0.627989553
-0.831121869
1.420337587
0.211661689
-3.341820496
-2.349806927
1.762614187
-0.647648884
0.154629798
-0.054490964
-0.584582765
-2.464810188
0.852778559
-0.157963204
-0.818985575
0.788214319
0.890668156
-0.962780683
-0.465881914
-0.683371298
-7.282895564
1.287699085
-4.613583138
3.019887061
-0.806890917
-0.569761455
-1.801926197
0.502689212
1.91675411
1.283547258
-3.039441583
-0.50323257
2.033648274
0.154905336
0.893624334
6.377107818
0.845422231

Hero Moto Corp

Close Price
1999.7
2088.3
2080.95
2061.85
2058.1
2057.7
2033.4
1976.6
2006.9
1975.1
1956.1
1925.7
1913.7
1809.9
1845.6
1850.55
1850
1921.5
1905.6
1910.65
1904.5
1905.15
1838.85
1828.45
1786.45
1828.25
1735
1729.8
1728.4
1775.4
1809.3
1812.35
1793
1798.85
1827.6
1860.65
1905.1
1946.6
1875.15

Return
4.4306646
-0.351961
-0.91785
-0.181876
-0.019435
-1.18093
-2.793351
1.5329353
-1.584533
-0.961977
-1.554113
-0.62315
-5.424048
1.9724847
0.2682055
-0.029721
3.8648649
-0.827479
0.2650084
-0.32188
0.0341297
-3.480041
-0.565571
-2.297028
2.339836
-5.100506
-0.299712
-0.080934
2.7192779
1.9094289
0.1685735
-1.067675
0.3262688
1.5982433
1.8083826
2.3889501
2.1783633
-3.670502

24-Jan-12
25-Jan-12
27-Jan-12
30-Jan-12
31-Jan-12
1-Feb-12
2-Feb-12
3-Feb-12
6-Feb-12
7-Feb-12
8-Feb-12
9-Feb-12
10-Feb-12
13-Feb-12
14-Feb-12
15-Feb-12
16-Feb-12
17-Feb-12
21-Feb-12
22-Feb-12
23-Feb-12
24-Feb-12
27-Feb-12
28-Feb-12
29-Feb-12
1-Mar-12
2-Mar-12
3-Mar-12
5-Mar-12
6-Mar-12
7-Mar-12
9-Mar-12
12-Mar-12
13-Mar-12
14-Mar-12
15-Mar-12
16-Mar-12
19-Mar-12
20-Mar-12
21-Mar-12
22-Mar-12
23-Mar-12
26-Mar-12
27-Mar-12
28-Mar-12
29-Mar-12
30-Mar-12

1580.65
1587.85
1539.75
1550.2
1601.3
1610.8
1607.45
1611.85
1640.7
1636.85
1649.45
1701.7
1736.05
1748.15
1732.35
1747.7
1811.6
1804.35
1809.25
1803.5
1785.8
1762.9
1706.1
1766.5
1801.6
1774.2
1749.95
1737.35
1701.9
1703.95
1733.2
1752.85
1787.75
1782.95
1764.85
1736.1
1721.65
1710.75
1688.8
1734
1688.6
1709.35
1661.9
1662
1637.8
1652.7
1678.8

0.387412277
0.45550881
-3.029253393
0.678681604
3.296348858
0.59326797
-0.207971194
0.273725466
1.789868784
-0.23465594
0.769771207
3.167722574
2.018569666
0.696984534
-0.903812602
0.886079603
3.656233907
-0.400198719
0.271565938
-0.317811248
-0.981425007
-1.282338448
-3.22196381
3.54023797
1.986979904
-1.520870337
-1.366813212
-0.720020572
-2.040463925
0.120453611
1.716599665
1.133741057
1.991043158
-0.268493917
-1.015171485
-1.629033629
-0.832325327
-0.633113583
-1.283062984
2.676456656
-2.61822376
1.228828615
-2.775908971
0.006017209
-1.456077016
0.909756991
1.579233981

1888.1
1853.9
1818.45
1824.35
1862.5
1932.15
1970.85
1952.9
1962.5
1949.85
1998.2
1993.85
1970.5
2012.75
2081.8
2094.05
2190.05
2109.35
2147.25
2140.3
2088.85
2072.9
1931.9
1966.2
1946.1
1937.55
1941.45
1947.15
1886.95
1871.7
1889.6
1911.05
1932.55
1962.95
1972.55
1966.4
1957
1941.45
1931.9
1926.4
1945.25
2017.45
2000.75
2010
1987.4
2035.95
2055.25

0.6906114
-1.811345
-1.912185
0.3244521
2.0911558
3.7395973
2.0029501
-0.910775
0.4915766
-0.644586
2.4796779
-0.217696
-1.171101
2.1441259
3.4306297
0.5884331
4.5844178
-3.684847
1.796762
-0.32367
-2.403869
-0.763578
-6.802065
1.7754542
-1.022276
-0.43934
0.2012851
0.293595
-3.091698
-0.808183
0.9563498
1.1351609
1.125036
1.5730512
0.4890598
-0.311779
-0.478031
-0.794584
-0.4919
-0.284694
0.9785091
3.7116052
-0.827778
0.4623266
-1.124378
2.4428902
0.9479604

2-Apr-12
3-Apr-12
4-Apr-12
9-Apr-12
10-Apr-12
11-Apr-12
12-Apr-12
13-Apr-12
16-Apr-12
17-Apr-12
18-Apr-12
19-Apr-12
20-Apr-12
23-Apr-12
24-Apr-12
25-Apr-12
26-Apr-12
27-Apr-12
28-Apr-12
30-Apr-12
2-May-12
3-May-12
4-May-12
7-May-12
8-May-12
9-May-12
10-May-12
11-May-12
14-May-12
15-May-12
16-May-12
17-May-12
18-May-12
21-May-12
22-May-12
23-May-12
24-May-12
25-May-12
28-May-12
29-May-12
30-May-12
31-May-12
1-Jun-12
4-Jun-12
5-Jun-12
6-Jun-12
7-Jun-12

1655.2
1647.4
1633.45
1650.75
1647.55
1633.75
1637.85
1639.45
1649.5
1672.35
1716.05
1729.7
1708.7
1675.7
1648.05
1654.7
1606.45
1582.4
1591.05
1624.45
1592.15
1560.5
1502.95
1518.1
1489.95
1518.2
1503.75
1558.15
1586.9
1608.65
1614.35
1575.35
1528.5
1517.45
1507.25
1487
1500.65
1492.75
1515.9
1529.25
1521
1511.4
1498.8
1496.45
1492.3
1541.1
1544

-1.405766023
-0.471242146
-0.846788879
1.059108023
-0.19385128
-0.837607356
0.250956389
0.097689044
0.613010461
1.385268263
2.613089365
0.795431369
-1.214083367
-1.931292796
-1.650056693
0.403507175
-2.915936424
-1.497089857
0.546638018
2.099242639
-1.988365293
-1.987878027
-3.687920538
1.008017565
-1.854291549
1.89603678
-0.951785009
3.61762261
1.845136861
1.370596761
0.35433438
-2.415832998
-2.973942299
-0.722930978
-0.672180302
-1.343506386
0.917955615
-0.526438543
1.550829007
0.880664952
-0.539480137
-0.631163708
-0.833664152
-0.1567921
-0.277322998
3.270119949
0.188177276

2058.15
2008.6
2011.95
1974.5
1978
1972.65
2027.9
2056.55
2068.7
2124.9
2142.15
2195.55
2189.3
2146.7
2191.2
2243.45
2169.5
2175.05
2184.05
2241.05
2244.8
2073.05
1977.55
1953.6
1899.15
1872.2
1843.9
1843.7
1843.35
1893.5
1884.2
1895.85
1867.45
1864.05
1852.95
1829
1820.65
1841.45
1849.45
1860.75
1855.6
1830.1
1821.35
1837.85
1865.2
1955.05
2001.15

0.1411021
-2.407502
0.1667828
-1.861378
0.1772601
-0.270475
2.800801
1.4127916
0.5907953
2.716682
0.8118029
2.4928226
-0.284667
-1.945827
2.0729492
2.3845382
-3.296262
0.2558193
0.4137836
2.6098304
0.1673323
-7.651016
-4.606739
-1.211095
-2.787162
-1.419056
-1.511591
-0.010847
-0.018984
2.7205902
-0.491154
0.6182995
-1.498009
-0.182066
-0.595478
-1.292534
-0.456534
1.1424491
0.4344403
0.6109925
-0.27677
-1.374219
-0.478116
0.9059214
1.4881519
4.8171778
2.357996

8-Jun-12
11-Jun-12
12-Jun-12
13-Jun-12
14-Jun-12
15-Jun-12
18-Jun-12
19-Jun-12
20-Jun-12
21-Jun-12
22-Jun-12
25-Jun-12
26-Jun-12
27-Jun-12
28-Jun-12
29-Jun-12
2-Jul-12
3-Jul-12
4-Jul-12
5-Jul-12
6-Jul-12
9-Jul-12
10-Jul-12
11-Jul-12
12-Jul-12
13-Jul-12
16-Jul-12
17-Jul-12
18-Jul-12
19-Jul-12
20-Jul-12
23-Jul-12
24-Jul-12
25-Jul-12
26-Jul-12
27-Jul-12
30-Jul-12
31-Jul-12
1-Aug-12
2-Aug-12
3-Aug-12
6-Aug-12
7-Aug-12
8-Aug-12
9-Aug-12
10-Aug-12
13-Aug-12

1527.35
1563.45
1570.95
1560.5
1549.9
1527.3
1542.45
1535.4
1535.2
1536.25
1545.4
1548.4
1558.35
1558.75
1550.25
1572.85
1558.1
1561.95
1583.2
1555.95
1539.2
1505.7
1524.4
1511.5
1490.6
1499.05
1486.45
1445.05
1520.9
1547.8
1592.1
1561.4
1559.25
1560.95
1582.45
1583.25
1604.9
1604.3
1615.15
1625.15
1610.4
1636.45
1667.15
1678.55
1691.15
1676.2
1708.5

-1.078367876
2.363570891
0.479708337
-0.665202584
-0.679269465
-1.458158591
0.991946572
-0.457065059
-0.013025922
0.068394997
0.595606184
0.194124499
0.642598812
0.025668175
-0.545308741
1.457829382
-0.937788092
0.247095822
1.360478889
-1.721197575
-1.076512741
-2.176455301
1.241947267
-0.846234584
-1.382732385
0.566885818
-0.840532337
-2.785159272
5.248953323
1.768689592
2.86212689
-1.928270837
-0.137696939
0.109026776
1.377366347
0.05055452
1.367440392
-0.037385507
0.676307424
0.619137541
-0.907608528
1.617610532
1.876012099
0.683801698
0.750647881
-0.884013837
1.926977688

2005.25
1975.3
1990.3
1954.1
1954.05
2000.05
1994
2000.4
2035.8
2071.65
2086.1
2030.8
2050.45
2054.9
2087
2149.4
2114.35
2096.5
2115.1
2121.15
2082.05
2027.05
2064.75
2036.35
2062.9
2086.75
2095.65
2097.1
2113.9
2088.7
2082
2052.2
2035.25
2031.5
2037.85
2010.05
2031.5
2005
1974.65
1962.7
1959.1
1978.75
1952.25
1963.2
1952.4
1912.4
1889.25

0.2048822
-1.493579
0.7593783
-1.818821
-0.002559
2.3540851
-0.302492
0.3209629
1.7696461
1.7609785
0.6975116
-2.65088
0.967599
0.2170255
1.5621198
2.9899377
-1.630688
-0.844231
0.8871929
0.2860385
-1.84334
-2.641627
1.8598456
-1.375469
1.3038034
1.1561394
0.4265005
0.0691909
0.8011063
-1.192109
-0.320774
-1.431316
-0.825943
-0.184253
0.3125769
-1.364183
1.0671376
-1.304455
-1.513716
-0.605171
-0.183421
1.0030116
-1.339229
0.5608913
-0.550122
-2.04876
-1.210521

14-Aug-12
16-Aug-12
17-Aug-12
21-Aug-12
22-Aug-12
23-Aug-12
24-Aug-12
27-Aug-12
28-Aug-12
29-Aug-12
30-Aug-12
31-Aug-12
3-Sep-12
4-Sep-12
5-Sep-12
6-Sep-12
7-Sep-12
8-Sep-12
10-Sep-12
11-Sep-12
12-Sep-12
13-Sep-12
14-Sep-12
17-Sep-12
18-Sep-12
20-Sep-12
21-Sep-12
24-Sep-12
25-Sep-12
26-Sep-12
27-Sep-12
28-Sep-12
1-Oct-12
3-Oct-12
4-Oct-12
5-Oct-12
8-Oct-12
9-Oct-12
10-Oct-12
11-Oct-12
12-Oct-12
15-Oct-12
16-Oct-12
17-Oct-12
18-Oct-12
19-Oct-12
22-Oct-12

1688.6
1692.75
1696.4
1712.35
1724.65
1710.2
1711.4
1721.35
1691.15
1624.85
1631.2
1617.2
1662.5
1647.45
1644.95
1641.85
1688.2
1682.7
1709.35
1715.35
1693.35
1714.65
1744.5
1738.6
1748.55
1790.55
1800.6
1809.2
1788.05
1798.55
1820.1
1830.1
1810.4
1781.25
1761.25
1751.05
1753.55
1746.35
1742.95
1758.65
1744.3
1752.2
1751.45
1755.25
1773.95
1772.1
1786.4

-1.164764413
0.245765723
0.215625462
0.940226362
0.718311093
-0.837851158
0.070167232
0.581395349
-1.754436925
-3.920409189
0.390805305
-0.858263855
2.801137769
-0.905263158
-0.151749674
-0.188455576
2.823034991
-0.325790783
1.583764189
0.351010618
-1.282537092
1.257861635
1.740880063
-0.33820579
0.572299551
2.40199022
0.561280054
0.477618572
-1.169024983
0.587231901
1.198187429
0.549420362
-1.07644391
-1.610141405
-1.122807018
-0.579134138
0.14277148
-0.410595649
-0.194691786
0.90077168
-0.815966793
0.452903744
-0.042803333
0.216963088
1.065375303
-0.104287043
0.806952204

1880.15
1929.9
1935.2
1921.05
1935.9
1938.6
1936
1930.2
1914.75
1849.05
1823.6
1763
1798.95
1807.85
1808.1
1790
1799.8
1805.75
1820.4
1798.35
1787.15
1822.4
1862.55
1919.8
1930.9
1900.4
1922.5
1921.7
1891.7
1919.95
1876.3
1880.3
1880.55
1849.7
1831.4
1810.45
1788.15
1803.4
1814.35
1806.15
1778.85
1767.45
1798.9
1808.9
1841.45
1849.95
1827.65

-0.481673
2.6460655
0.2746256
-0.731191
0.7730148
0.13947
-0.134117
-0.299587
-0.800435
-3.431257
-1.376382
-3.323097
2.0391378
0.494733
0.0138286
-1.001051
0.547486
0.3305923
0.8112972
-1.211272
-0.622793
1.9724142
2.2031387
3.073743
0.5781852
-1.579574
1.1629131
-0.041612
-1.561118
1.4933658
-2.273497
0.2131855
0.0132958
-1.640478
-0.98935
-1.143934
-1.231738
0.8528367
0.6071864
-0.451952
-1.511502
-0.640863
1.7793997
0.5558953
1.7994361
0.4615928
-1.205438

23-Oct-12
25-Oct-12
26-Oct-12
29-Oct-12
30-Oct-12
31-Oct-12
1-Nov-12
2-Nov-12
5-Nov-12
6-Nov-12
7-Nov-12
8-Nov-12
9-Nov-12
12-Nov-12
13-Nov-12
15-Nov-12
16-Nov-12
19-Nov-12
20-Nov-12
21-Nov-12
22-Nov-12
23-Nov-12
26-Nov-12
27-Nov-12
29-Nov-12
30-Nov-12

1769.25
1759.1
1788.05
1809.85
1802.15
1816.45
1845.95
1897.75
1858.6
1846.75
1861.85
1844.5
1852.05
1856.7
1842
1835.85
1813.55
1850.55
1827.7
1819.35
1815.45
1817.9
1821.1
1862.45
1950.4
1930.9
SUM

-0.960031348
-0.573689416
1.645727929
1.219205279
-0.425449623
0.793496657
1.624046905
2.806143178
-2.062969306
-0.637576671
0.817652633
-0.93186884
0.40932502
0.251073135
-0.791727258
-0.333876221
-1.21469619
2.040197403
-1.234768042
-0.456858347
-0.214362272
0.134952767
0.176027284
2.270605678
4.722274423
-0.999794914
17.94527239

1795.75
1832.3
1869.7
1904.7
1872.1
1880
1910
1945.8
1949.15
1935.75
1946.2
1923.05
1908.2
1872.4
1869.65
1839.65
1815.65
1842.5
1821.75
1807.3
1803.3
1825.25
1832.45
1840.3
1816
1826.65
SUM

Interest

Debt(d)

Equity(e)

Tax

22.24

97.48

289.37

30%

Rf

mrp

8%

5%

Covariance
0.643015118

Beta()
0.630160276

0.111508

Variance

0.790954853 1.0203993

Beta()
0.775142473

Variance
1.020399321

Expected Return(re)
Rf+beta(mrp)
11.15%

Cost of Equity(re)

Covariance

-1.745411
2.0353613
2.0411505
1.8719581
-1.711556
0.421986
1.5957447
1.8743455
0.1721657
-0.687479
0.5398424
-1.189497
-0.772211
-1.876114
-0.14687
-1.604578
-1.304596
1.4788092
-1.126187
-0.793193
-0.221325
1.2172129
0.3944665
0.4283882
-1.320437
0.5864537
-5.037443

Cost of debt(rdbt)
Interest/Debt
0.228149364
22.81%

Rf

mrp

8%

5%

Expected Return(re)
Rf+beta(mrp)
0.118757124
11.88%

WACC=(e/e+d)*re+ (d/d+e)*rdbt(1-t)
0.123652759
12.36527594

Hero Moto Corp

Sensex
Close

Returns

16123.46
16483.45
16846.83
16805.33
16877.06
16488.24
16213.46
15870.35
16002.51
15881.14
15836.47
15491.35
15379.34
15175.08
15685.21
15813.36
15738.7
15970.75
15873.95
15727.85
15543.93
15454.92
15517.92
15939.36
15882.64
15857.08
15867.73
15848.8
15814.72
16165.09
16175.86
16037.51
16154.62
16189.36
16466.05
16451.47
16643.74
16739.01
16751.73

2.23
2.20
-0.25
0.43
-2.30
-1.67
-2.12
0.83
-0.76
-0.28
-2.18
-0.72
-1.33
3.36
0.82
-0.47
1.47
-0.61
-0.92
-1.17
-0.57
0.41
2.72
-0.36
-0.16
0.07
-0.12
-0.22
2.22
0.07
-0.86
0.73
0.22
1.71
-0.09
1.17
0.57
0.08

16995.77
17077.18
17233.98
16863.3
17193.55
17300.58
17431.85
17604.96
17707.31
17622.45
17707.32
17830.75
17748.69
17772.84
17848.57
18202.41
18153.99
18289.35
18428.61
18145.25
18078.5
17923.57
17445.75
17731.12
17752.68
17583.97
17636.8
17636.99
17362.87
17173.29
17145.52
17503.24
17587.67
17813.62
17919.3
17675.85
17466.2
17273.37
17316.18
17601.71
17196.47
17361.74
17052.78
17257.36
17121.62
17058.61
17404.2

1.46
0.48
0.92
-2.15
1.96
0.62
0.76
0.99
0.58
-0.48
0.48
0.70
-0.46
0.14
0.43
1.98
-0.27
0.75
0.76
-1.54
-0.37
-0.86
-2.67
1.64
0.12
-0.95
0.30
0.00
-1.55
-1.09
-0.16
2.09
0.48
1.28
0.59
-1.36
-1.19
-1.10
0.25
1.65
-2.30
0.96
-1.78
1.20
-0.79
-0.37
2.03

17478.15
17597.42
17486.02
17222.14
17243.84
17199.4
17332.62
17094.51
17150.95
17357.94
17392.39
17503.71
17373.84
17096.68
17207.29
17151.29
17130.67
17134.25
17187.34
17318.81
17301.91
17151.19
16831.08
16912.71
16546.18
16479.58
16420.05
16292.98
16215.84
16328.25
16030.09
16070.48
16152.75
16183.26
16026.41
15948.1
16222.3
16217.82
16416.84
16438.58
16312.15
16218.53
15965.16
15988.4
16020.64
16454.3
16649.05

0.42
0.68
-0.63
-1.51
0.13
-0.26
0.77
-1.37
0.33
1.21
0.20
0.64
-0.74
-1.60
0.65
-0.33
-0.12
0.02
0.31
0.76
-0.10
-0.87
-1.87
0.48
-2.17
-0.40
-0.36
-0.77
-0.47
0.69
-1.83
0.25
0.51
0.19
-0.97
-0.49
1.72
-0.03
1.23
0.13
-0.77
-0.57
-1.56
0.15
0.20
2.71
1.18

16718.87
16668.01
16862.8
16880.51
16677.88
16949.83
16705.83
16859.8
16896.63
17032.56
16972.51
16882.16
16906.58
16967.76
16990.76
17429.98
17398.98
17425.71
17462.81
17538.67
17521.12
17391.98
17618.35
17489.14
17232.55
17213.7
17103.31
17105.3
17185.01
17278.85
17158.44
16877.35
16918.08
16846.05
16639.82
16839.19
17143.68
17236.18
17257.38
17224.36
17197.93
17412.96
17601.78
17600.56
17560.87
17557.74
17633.45

0.42
-0.30
1.17
0.11
-1.20
1.63
-1.44
0.92
0.22
0.80
-0.35
-0.53
0.14
0.36
0.14
2.59
-0.18
0.15
0.21
0.43
-0.10
-0.74
1.30
-0.73
-1.47
-0.11
-0.64
0.01
0.47
0.55
-0.70
-1.64
0.24
-0.43
-1.22
1.20
1.81
0.54
0.12
-0.19
-0.15
1.25
1.08
-0.01
-0.23
-0.02
0.43

17728.2
17657.21
17691.08
17885.26
17846.86
17850.22
17783.21
17678.81
17631.71
17490.81
17541.64
17429.56
17384.4
17440.87
17313.34
17346.27
17683.73
17749.65
17766.78
17852.95
18000.03
18021.16
18464.27
18542.31
18496.01
18349.25
18752.83
18673.34
18694.41
18632.17
18579.5
18762.74
18823.91
18869.69
19058.15
18938.46
18708.98
18793.36
18631.1
18804.75
18675.18
18713.55
18577.7
18610.77
18791.93
18682.31
18793.44

0.54
-0.40
0.19
1.10
-0.21
0.02
-0.38
-0.59
-0.27
-0.80
0.29
-0.64
-0.26
0.32
-0.73
0.19
1.95
0.37
0.10
0.49
0.82
0.12
2.46
0.42
-0.25
-0.79
2.20
-0.42
0.11
-0.33
-0.28
0.99
0.33
0.24
1.00
-0.63
-1.21
0.45
-0.86
0.93
-0.69
0.21
-0.73
0.18
0.97
-0.58
0.59

18710.02
18758.63
18625.34
18635.82
18430.85
18505.38
18561.7
18755.45
18762.87
18817.38
18902.41
18846.26
18683.68
18670.34
18618.87
18471.37
18309.37
18339
18329.32
18460.38
18517.34
18506.57
18537.01
18842.08
19170.91
19339.9
SUM

-0.44
0.26
-0.71
0.06
-1.10
0.40
0.30
1.04
0.04
0.29
0.45
-0.30
-0.86
-0.07
-0.28
-0.79
-0.88
0.16
-0.05
0.72
0.31
-0.06
0.16
1.65
1.75
0.88
19.47

hero moto corp

Date
Close Price
30-Nov-11
1999.7
1-Dec-11
2088.3
2-Dec-11
2080.95
5-Dec-11
2061.85
7-Dec-11
2058.1
8-Dec-11
2057.7
9-Dec-11
2033.4
12-Dec-11
1976.6
13-Dec-11
2006.9
14-Dec-11
1975.1
15-Dec-11
1956.1
16-Dec-11
1925.7
19-Dec-11
1913.7
20-Dec-11
1809.9
21-Dec-11
1845.6
22-Dec-11
1850.55
23-Dec-11
1850
26-Dec-11
1921.5
27-Dec-11
1905.6
28-Dec-11
1910.65
29-Dec-11
1904.5
30-Dec-11
1905.15
2-Jan-12
1838.85
3-Jan-12
1828.45
4-Jan-12
1786.45
5-Jan-12
1828.25
6-Jan-12
1735
7-Jan-12
1729.8
9-Jan-12
1728.4
10-Jan-12
1775.4
11-Jan-12
1809.3
12-Jan-12
1812.35
13-Jan-12
1793
16-Jan-12
1798.85
17-Jan-12
1827.6
18-Jan-12
1860.65
19-Jan-12
1905.1
20-Jan-12
1946.6
23-Jan-12
1875.15
24-Jan-12
1888.1

returns
4.4306646
-0.351960925
-0.91785002
-0.1818755
-0.019435402
-1.180930165
-2.793351038
1.532935344
-1.58453336
-0.961976609
-1.554112775
-0.623150023
-5.424047656
1.972484668
0.268205462
-0.029720894
3.864864865
-0.827478532
0.265008396
-0.321879988
0.034129693
-3.480040942
-0.565570873
-2.297027537
2.339835988
-5.100505948
-0.299711816
-0.080934212
2.719277945
1.909428861
0.168573481
-1.067674566
0.326268823
1.598243322
1.808382578
2.388950098
2.178363341
-3.670502414
0.690611418

Date
30-Nov-11
1-Dec-11
2-Dec-11
5-Dec-11
7-Dec-11
8-Dec-11
9-Dec-11
12-Dec-11
13-Dec-11
14-Dec-11
15-Dec-11
16-Dec-11
19-Dec-11
20-Dec-11
21-Dec-11
22-Dec-11
23-Dec-11
26-Dec-11
27-Dec-11
28-Dec-11
29-Dec-11
30-Dec-11
2-Jan-12
3-Jan-12
4-Jan-12
5-Jan-12
6-Jan-12
7-Jan-12
9-Jan-12
10-Jan-12
11-Jan-12
12-Jan-12
13-Jan-12
16-Jan-12
17-Jan-12
18-Jan-12
19-Jan-12
20-Jan-12
23-Jan-12
24-Jan-12

Close
16123.46
16483.45
16846.83
16805.33
16877.06
16488.24
16213.46
15870.35
16002.51
15881.14
15836.47
15491.35
15379.34
15175.08
15685.21
15813.36
15738.7
15970.75
15873.95
15727.85
15543.93
15454.92
15517.92
15939.36
15882.64
15857.08
15867.73
15848.8
15814.72
16165.09
16175.86
16037.51
16154.62
16189.36
16466.05
16451.47
16643.74
16739.01
16751.73
16995.77

25-Jan-12
27-Jan-12
30-Jan-12
31-Jan-12
1-Feb-12
2-Feb-12
3-Feb-12
6-Feb-12
7-Feb-12
8-Feb-12
9-Feb-12
10-Feb-12
13-Feb-12
14-Feb-12
15-Feb-12
16-Feb-12
17-Feb-12
21-Feb-12
22-Feb-12
23-Feb-12
24-Feb-12
27-Feb-12
28-Feb-12
29-Feb-12
1-Mar-12
2-Mar-12
3-Mar-12
5-Mar-12
6-Mar-12
7-Mar-12
9-Mar-12
12-Mar-12
13-Mar-12
14-Mar-12
15-Mar-12
16-Mar-12
19-Mar-12
20-Mar-12
21-Mar-12
22-Mar-12
23-Mar-12
26-Mar-12
27-Mar-12
28-Mar-12
29-Mar-12
30-Mar-12
2-Apr-12

1853.9
1818.45
1824.35
1862.5
1932.15
1970.85
1952.9
1962.5
1949.85
1998.2
1993.85
1970.5
2012.75
2081.8
2094.05
2190.05
2109.35
2147.25
2140.3
2088.85
2072.9
1931.9
1966.2
1946.1
1937.55
1941.45
1947.15
1886.95
1871.7
1889.6
1911.05
1932.55
1962.95
1972.55
1966.4
1957
1941.45
1931.9
1926.4
1945.25
2017.45
2000.75
2010
1987.4
2035.95
2055.25
2058.15

-1.811344738
-1.912185123
0.324452143
2.091155754
3.739597315
2.002950082
-0.910774539
0.49157663
-0.644585987
2.479677924
-0.217695926
-1.171101136
2.144125856
3.430629735
0.588433087
4.584417755
-3.684847378
1.796762036
-0.32366981
-2.403868617
-0.763578045
-6.80206474
1.775454216
-1.022276472
-0.439340219
0.201285128
0.293594993
-3.091698123
-0.808182517
0.956349842
1.135160881
1.125035975
1.57305115
0.489059833
-0.311779169
-0.478030919
-0.794583546
-0.491900384
-0.284693825
0.978509136
3.711605192
-0.82777764
0.462326628
-1.124378109
2.442890208
0.947960412
0.141102056

25-Jan-12
27-Jan-12
30-Jan-12
31-Jan-12
1-Feb-12
2-Feb-12
3-Feb-12
6-Feb-12
7-Feb-12
8-Feb-12
9-Feb-12
10-Feb-12
13-Feb-12
14-Feb-12
15-Feb-12
16-Feb-12
17-Feb-12
21-Feb-12
22-Feb-12
23-Feb-12
24-Feb-12
27-Feb-12
28-Feb-12
29-Feb-12
1-Mar-12
2-Mar-12
3-Mar-12
5-Mar-12
6-Mar-12
7-Mar-12
9-Mar-12
12-Mar-12
13-Mar-12
14-Mar-12
15-Mar-12
16-Mar-12
19-Mar-12
20-Mar-12
21-Mar-12
22-Mar-12
23-Mar-12
26-Mar-12
27-Mar-12
28-Mar-12
29-Mar-12
30-Mar-12
2-Apr-12

17077.18
17233.98
16863.3
17193.55
17300.58
17431.85
17604.96
17707.31
17622.45
17707.32
17830.75
17748.69
17772.84
17848.57
18202.41
18153.99
18289.35
18428.61
18145.25
18078.5
17923.57
17445.75
17731.12
17752.68
17583.97
17636.8
17636.99
17362.87
17173.29
17145.52
17503.24
17587.67
17813.62
17919.3
17675.85
17466.2
17273.37
17316.18
17601.71
17196.47
17361.74
17052.78
17257.36
17121.62
17058.61
17404.2
17478.15

3-Apr-12
4-Apr-12
9-Apr-12
10-Apr-12
11-Apr-12
12-Apr-12
13-Apr-12
16-Apr-12
17-Apr-12
18-Apr-12
19-Apr-12
20-Apr-12
23-Apr-12
24-Apr-12
25-Apr-12
26-Apr-12
27-Apr-12
28-Apr-12
30-Apr-12
2-May-12
3-May-12
4-May-12
7-May-12
8-May-12
9-May-12
10-May-12
11-May-12
14-May-12
15-May-12
16-May-12
17-May-12
18-May-12
21-May-12
22-May-12
23-May-12
24-May-12
25-May-12
28-May-12
29-May-12
30-May-12
31-May-12
1-Jun-12
4-Jun-12
5-Jun-12
6-Jun-12
7-Jun-12
8-Jun-12

2008.6
2011.95
1974.5
1978
1972.65
2027.9
2056.55
2068.7
2124.9
2142.15
2195.55
2189.3
2146.7
2191.2
2243.45
2169.5
2175.05
2184.05
2241.05
2244.8
2073.05
1977.55
1953.6
1899.15
1872.2
1843.9
1843.7
1843.35
1893.5
1884.2
1895.85
1867.45
1864.05
1852.95
1829
1820.65
1841.45
1849.45
1860.75
1855.6
1830.1
1821.35
1837.85
1865.2
1955.05
2001.15
2005.25

-2.407501883
0.166782834
-1.861378265
0.177260066
-0.270475228
2.800800953
1.412791558
0.590795264
2.716681974
0.811802908
2.492822631
-0.284666712
-1.945827433
2.072949178
2.384538153
-3.296262453
0.255819313
0.413783591
2.609830361
0.167332277
-7.651015681
-4.606738863
-1.211094536
-2.787162162
-1.419055893
-1.511590642
-0.010846575
-0.018983566
2.72059023
-0.491153948
0.618299544
-1.498008809
-0.182066454
-0.595477589
-1.292533528
-0.456533625
1.142449125
0.434440251
0.610992457
-0.27677012
-1.374218582
-0.47811595
0.905921432
1.488151917
4.817177783
2.357995959
0.204882193

3-Apr-12
4-Apr-12
9-Apr-12
10-Apr-12
11-Apr-12
12-Apr-12
13-Apr-12
16-Apr-12
17-Apr-12
18-Apr-12
19-Apr-12
20-Apr-12
23-Apr-12
24-Apr-12
25-Apr-12
26-Apr-12
27-Apr-12
28-Apr-12
30-Apr-12
2-May-12
3-May-12
4-May-12
7-May-12
8-May-12
9-May-12
10-May-12
11-May-12
14-May-12
15-May-12
16-May-12
17-May-12
18-May-12
21-May-12
22-May-12
23-May-12
24-May-12
25-May-12
28-May-12
29-May-12
30-May-12
31-May-12
1-Jun-12
4-Jun-12
5-Jun-12
6-Jun-12
7-Jun-12
8-Jun-12

17597.42
17486.02
17222.14
17243.84
17199.4
17332.62
17094.51
17150.95
17357.94
17392.39
17503.71
17373.84
17096.68
17207.29
17151.29
17130.67
17134.25
17187.34
17318.81
17301.91
17151.19
16831.08
16912.71
16546.18
16479.58
16420.05
16292.98
16215.84
16328.25
16030.09
16070.48
16152.75
16183.26
16026.41
15948.1
16222.3
16217.82
16416.84
16438.58
16312.15
16218.53
15965.16
15988.4
16020.64
16454.3
16649.05
16718.87

11-Jun-12
12-Jun-12
13-Jun-12
14-Jun-12
15-Jun-12
18-Jun-12
19-Jun-12
20-Jun-12
21-Jun-12
22-Jun-12
25-Jun-12
26-Jun-12
27-Jun-12
28-Jun-12
29-Jun-12
2-Jul-12
3-Jul-12
4-Jul-12
5-Jul-12
6-Jul-12
9-Jul-12
10-Jul-12
11-Jul-12
12-Jul-12
13-Jul-12
16-Jul-12
17-Jul-12
18-Jul-12
19-Jul-12
20-Jul-12
23-Jul-12
24-Jul-12
25-Jul-12
26-Jul-12
27-Jul-12
30-Jul-12
31-Jul-12
1-Aug-12
2-Aug-12
3-Aug-12
6-Aug-12
7-Aug-12
8-Aug-12
9-Aug-12
10-Aug-12
13-Aug-12
14-Aug-12

1975.3
1990.3
1954.1
1954.05
2000.05
1994
2000.4
2035.8
2071.65
2086.1
2030.8
2050.45
2054.9
2087
2149.4
2114.35
2096.5
2115.1
2121.15
2082.05
2027.05
2064.75
2036.35
2062.9
2086.75
2095.65
2097.1
2113.9
2088.7
2082
2052.2
2035.25
2031.5
2037.85
2010.05
2031.5
2005
1974.65
1962.7
1959.1
1978.75
1952.25
1963.2
1952.4
1912.4
1889.25
1880.15

-1.493579354
0.759378322
-1.818821283
-0.002558723
2.354085105
-0.302492438
0.320962889
1.769646071
1.760978485
0.697511645
-2.650879632
0.967598976
0.217025531
1.562119811
2.98993771
-1.630687634
-0.844231088
0.887192941
0.286038485
-1.843339698
-2.641627242
1.859845588
-1.375469185
1.303803374
1.156139415
0.426500539
0.069190943
0.80110629
-1.192109371
-0.320773687
-1.431316042
-0.825942891
-0.184252549
0.312576914
-1.36418284
1.067137633
-1.304454836
-1.513715711
-0.605170537
-0.183420798
1.003011587
-1.339229311
0.560891279
-0.550122249
-2.0487605
-1.210520812
-0.481672621

11-Jun-12
12-Jun-12
13-Jun-12
14-Jun-12
15-Jun-12
18-Jun-12
19-Jun-12
20-Jun-12
21-Jun-12
22-Jun-12
25-Jun-12
26-Jun-12
27-Jun-12
28-Jun-12
29-Jun-12
2-Jul-12
3-Jul-12
4-Jul-12
5-Jul-12
6-Jul-12
9-Jul-12
10-Jul-12
11-Jul-12
12-Jul-12
13-Jul-12
16-Jul-12
17-Jul-12
18-Jul-12
19-Jul-12
20-Jul-12
23-Jul-12
24-Jul-12
25-Jul-12
26-Jul-12
27-Jul-12
30-Jul-12
31-Jul-12
1-Aug-12
2-Aug-12
3-Aug-12
6-Aug-12
7-Aug-12
8-Aug-12
9-Aug-12
10-Aug-12
13-Aug-12
14-Aug-12

16668.01
16862.8
16880.51
16677.88
16949.83
16705.83
16859.8
16896.63
17032.56
16972.51
16882.16
16906.58
16967.76
16990.76
17429.98
17398.98
17425.71
17462.81
17538.67
17521.12
17391.98
17618.35
17489.14
17232.55
17213.7
17103.31
17105.3
17185.01
17278.85
17158.44
16877.35
16918.08
16846.05
16639.82
16839.19
17143.68
17236.18
17257.38
17224.36
17197.93
17412.96
17601.78
17600.56
17560.87
17557.74
17633.45
17728.2

16-Aug-12
17-Aug-12
21-Aug-12
22-Aug-12
23-Aug-12
24-Aug-12
27-Aug-12
28-Aug-12
29-Aug-12
30-Aug-12
31-Aug-12
3-Sep-12
4-Sep-12
5-Sep-12
6-Sep-12
7-Sep-12
8-Sep-12
10-Sep-12
11-Sep-12
12-Sep-12
13-Sep-12
14-Sep-12
17-Sep-12
18-Sep-12
20-Sep-12
21-Sep-12
24-Sep-12
25-Sep-12
26-Sep-12
27-Sep-12
28-Sep-12
1-Oct-12
3-Oct-12
4-Oct-12
5-Oct-12
8-Oct-12
9-Oct-12
10-Oct-12
11-Oct-12
12-Oct-12
15-Oct-12
16-Oct-12
17-Oct-12
18-Oct-12
19-Oct-12
22-Oct-12
23-Oct-12

1929.9
1935.2
1921.05
1935.9
1938.6
1936
1930.2
1914.75
1849.05
1823.6
1763
1798.95
1807.85
1808.1
1790
1799.8
1805.75
1820.4
1798.35
1787.15
1822.4
1862.55
1919.8
1930.9
1900.4
1922.5
1921.7
1891.7
1919.95
1876.3
1880.3
1880.55
1849.7
1831.4
1810.45
1788.15
1803.4
1814.35
1806.15
1778.85
1767.45
1798.9
1808.9
1841.45
1849.95
1827.65
1795.75

2.646065473
0.274625628
-0.731190575
0.773014758
0.139470014
-0.134117404
-0.299586777
-0.800435188
-3.431257344
-1.376382467
-3.32309717
2.039137833
0.494733039
0.013828581
-1.001050827
0.547486034
0.330592288
0.811297245
-1.211272248
-0.622793116
1.972414179
2.203138718
3.073742987
0.578185228
-1.579574292
1.162913071
-0.041612484
-1.56111776
1.493365756
-2.273496706
0.213185525
0.013295751
-1.64047752
-0.989349624
-1.143933603
-1.231737966
0.852836731
0.607186426
-0.45195249
-1.511502367
-0.640863479
1.7793997
0.555895269
1.799436121
0.461592767
-1.205437985
-1.745410773

16-Aug-12
17-Aug-12
21-Aug-12
22-Aug-12
23-Aug-12
24-Aug-12
27-Aug-12
28-Aug-12
29-Aug-12
30-Aug-12
31-Aug-12
3-Sep-12
4-Sep-12
5-Sep-12
6-Sep-12
7-Sep-12
8-Sep-12
10-Sep-12
11-Sep-12
12-Sep-12
13-Sep-12
14-Sep-12
17-Sep-12
18-Sep-12
20-Sep-12
21-Sep-12
24-Sep-12
25-Sep-12
26-Sep-12
27-Sep-12
28-Sep-12
1-Oct-12
3-Oct-12
4-Oct-12
5-Oct-12
8-Oct-12
9-Oct-12
10-Oct-12
11-Oct-12
12-Oct-12
15-Oct-12
16-Oct-12
17-Oct-12
18-Oct-12
19-Oct-12
22-Oct-12
23-Oct-12

17657.21
17691.08
17885.26
17846.86
17850.22
17783.21
17678.81
17631.71
17490.81
17541.64
17429.56
17384.4
17440.87
17313.34
17346.27
17683.73
17749.65
17766.78
17852.95
18000.03
18021.16
18464.27
18542.31
18496.01
18349.25
18752.83
18673.34
18694.41
18632.17
18579.5
18762.74
18823.91
18869.69
19058.15
18938.46
18708.98
18793.36
18631.1
18804.75
18675.18
18713.55
18577.7
18610.77
18791.93
18682.31
18793.44
18710.02

25-Oct-12
26-Oct-12
29-Oct-12
30-Oct-12
31-Oct-12
1-Nov-12
2-Nov-12
5-Nov-12
6-Nov-12
7-Nov-12
8-Nov-12
9-Nov-12
12-Nov-12
13-Nov-12
15-Nov-12
16-Nov-12
19-Nov-12
20-Nov-12
21-Nov-12
22-Nov-12
23-Nov-12
26-Nov-12
27-Nov-12
29-Nov-12
30-Nov-12
sum

1832.3
1869.7
1904.7
1872.1
1880
1910
1945.8
1949.15
1935.75
1946.2
1923.05
1908.2
1872.4
1869.65
1839.65
1815.65
1842.5
1821.75
1807.3
1803.3
1825.25
1832.45
1840.3
1816
1826.65

2.03536127
2.041150467
1.871958068
-1.711555626
0.421986005
1.595744681
1.87434555
0.17216569
-0.687479158
0.539842438
-1.189497482
-0.772210811
-1.876113615
-0.146870327
-1.604578397
-1.304595983
1.478809242
-1.126187246
-0.793193358
-0.221324628
1.217212887
0.394466511
0.428388223
-1.320436885
0.586453744
-5.037443135

25-Oct-12
26-Oct-12
29-Oct-12
30-Oct-12
31-Oct-12
1-Nov-12
2-Nov-12
5-Nov-12
6-Nov-12
7-Nov-12
8-Nov-12
9-Nov-12
12-Nov-12
13-Nov-12
15-Nov-12
16-Nov-12
19-Nov-12
20-Nov-12
21-Nov-12
22-Nov-12
23-Nov-12
26-Nov-12
27-Nov-12
29-Nov-12
30-Nov-12
sum

18758.63
18625.34
18635.82
18430.85
18505.38
18561.7
18755.45
18762.87
18817.38
18902.41
18846.26
18683.68
18670.34
18618.87
18471.37
18309.37
18339
18329.32
18460.38
18517.34
18506.57
18537.01
18842.08
19170.91
19339.9

covariance
0.790955

variance
1.020399

returns
2.23
2.20
-0.25
0.43
-2.30
-1.67
-2.12
0.83
-0.76
-0.28
-2.18
-0.72
-1.33
3.36
0.82
-0.47
1.47
-0.61
-0.92
-1.17
-0.57
0.41
2.72
-0.36
-0.16
0.07
-0.12
-0.22
2.22
0.07
-0.86
0.73
0.22
1.71
-0.09
1.17
0.57
0.08
1.46

11.87571

beta
0.775142

0.48
0.92
-2.15
1.96
0.62
0.76
0.99
0.58
-0.48
0.48
0.70
-0.46
0.14
0.43
1.98
-0.27
0.75
0.76
-1.54
-0.37
-0.86
-2.67
1.64
0.12
-0.95
0.30
0.00
-1.55
-1.09
-0.16
2.09
0.48
1.28
0.59
-1.36
-1.19
-1.10
0.25
1.65
-2.30
0.96
-1.78
1.20
-0.79
-0.37
2.03
0.42

0.68
-0.63
-1.51
0.13
-0.26
0.77
-1.37
0.33
1.21
0.20
0.64
-0.74
-1.60
0.65
-0.33
-0.12
0.02
0.31
0.76
-0.10
-0.87
-1.87
0.48
-2.17
-0.40
-0.36
-0.77
-0.47
0.69
-1.83
0.25
0.51
0.19
-0.97
-0.49
1.72
-0.03
1.23
0.13
-0.77
-0.57
-1.56
0.15
0.20
2.71
1.18
0.42

-0.30
1.17
0.11
-1.20
1.63
-1.44
0.92
0.22
0.80
-0.35
-0.53
0.14
0.36
0.14
2.59
-0.18
0.15
0.21
0.43
-0.10
-0.74
1.30
-0.73
-1.47
-0.11
-0.64
0.01
0.47
0.55
-0.70
-1.64
0.24
-0.43
-1.22
1.20
1.81
0.54
0.12
-0.19
-0.15
1.25
1.08
-0.01
-0.23
-0.02
0.43
0.54

-0.40
0.19
1.10
-0.21
0.02
-0.38
-0.59
-0.27
-0.80
0.29
-0.64
-0.26
0.32
-0.73
0.19
1.95
0.37
0.10
0.49
0.82
0.12
2.46
0.42
-0.25
-0.79
2.20
-0.42
0.11
-0.33
-0.28
0.99
0.33
0.24
1.00
-0.63
-1.21
0.45
-0.86
0.93
-0.69
0.21
-0.73
0.18
0.97
-0.58
0.59
-0.44

0.26
-0.71
0.06
-1.10
0.40
0.30
1.04
0.04
0.29
0.45
-0.30
-0.86
-0.07
-0.28
-0.79
-0.88
0.16
-0.05
0.72
0.31
-0.06
0.16
1.65
1.75
0.88
19.47