Beta, CAPM, RF Calculations

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Date HUL Close Pr HUL Share Price Return BSE SENSEX SENSEX Return

1-Apr-15 882.4 28260.14


6-Apr-15 905.1 0.0253999669 28504.46 0.008608235 Beta
7-Apr-15 911 0.0064974624 28516.59 0.0004254569
8-Apr-15 912.9 0.0020834483 28707.75 0.006681098
9-Apr-15 924.45 0.0125726205 28885.21 0.0061625783
10-Apr-15 931.1 0.0071677168 28879.38 -0.000201854
13-Apr-15 947.3 0.01724915 29044.44 0.0056992252
15-Apr-15 934.6 -0.0134972026 28799.69 -0.008462448
16-Apr-15 931.9 -0.0028931175 28666.04 -0.004651476
17-Apr-15 936.5 0.0049240091 28442.1 -0.007842705
20-Apr-15 913.75 -0.0245925108 27886.21 -0.01973814
21-Apr-15 873.7 -0.0448199438 27676.04 -0.007565244
22-Apr-15 905.1 0.0353083675 27890.13 0.0077058059
23-Apr-15 902.45 -0.0029321478 27735.02 -0.005576988
24-Apr-15 889.55 -0.0143975701 27437.94 -0.010769147
27-Apr-15 867.45 -0.0251578436 27176.99 -0.009556068
28-Apr-15 859.7 -0.0089743821 27396.38 0.0080402285
29-Apr-15 857.85 -0.0021542322 27225.93 -0.00624106
30-Apr-15 849.5 -0.0097813179 27011.31 -0.007914161
4-May-15 861.15 0.0136207642 27490.59 0.0175880971
5-May-15 878.95 0.020459308 27440.14 -0.001836859
6-May-15 859.45 -0.0224353635 26717.37 -0.026692989
7-May-15 865.7 0.0072457784 26599.11 -0.004436159
8-May-15 894.6 0.0328382628 27105.39 0.0188548445
11-May-15 864.7 -0.033994065 27507.3 0.0147188229
12-May-15 844.7 -0.0234010912 26877.48 -0.023162663
13-May-15 843.05 -0.0019552665 27251.1 0.013805126
14-May-15 846.2 0.0037294701 27206.06 -0.001654145
15-May-15 845.15 -0.0012416119 27324 0.0043256943
18-May-15 851.65 0.0076615179 27687.3 0.0132083874
19-May-15 844.5 -0.0084309081 27645.53 -0.001509773
20-May-15 855 0.0123567327 27837.21 0.0069095637
21-May-15 864.55 0.0111076714 27809.35 -0.00100132
22-May-15 862.85 -0.0019682767 27957.5 0.0053132048
25-May-15 852.2 -0.0124196226 27643.88 -0.011281135
26-May-15 855.65 0.004040173 27531.41 -0.004076831
27-May-15 857.25 0.0018681773 27564.66 0.0012069828
28-May-15 847.85 -0.011025858 27506.71 -0.002104543
29-May-15 859.8 0.0139960707 27828.44 0.0116285444
1-Jun-15 879.7 0.0228811362 27848.99 0.0007381807
2-Jun-15 852.75 -0.031114519 27188.38 -0.024007024
3-Jun-15 831.75 -0.0249345064 26837.2 -0.013000691
4-Jun-15 822.55 -0.0111226438 26813.42 -0.000886476
5-Jun-15 829.85 0.0088356905 26768.49 -0.001677059
8-Jun-15 811.9 -0.0218677817 26523.09 -0.009209775
9-Jun-15 819.85 0.0097442168 26481.25 -0.001578739
10-Jun-15 820.3 0.0005487303 26840.5 0.0134750054
11-Jun-15 817.8 -0.0030523191 26370.98 -0.017647778
12-Jun-15 813.75 -0.0049646144 26425.3 0.0020577215
15-Jun-15 821.9 0.0099655396 26586.55 0.0060835642
16-Jun-15 834.55 0.0152739243 26686.51 0.0037527455
17-Jun-15 860.8 0.030969532 26832.66 0.005461608
18-Jun-15 861.85 0.0012190522 27115.83 0.0104978879
19-Jun-15 857.8 -0.0047102695 27316.17 0.0073611444
22-Jun-15 871.75 0.0161317135 27730.21 0.0150435981
23-Jun-15 874.3 0.0029208806 27804.37 0.00267077
24-Jun-15 895.3 0.0237352915 27729.67 -0.002690243
25-Jun-15 883.85 -0.0128714927 27895.97 0.0059792749
26-Jun-15 886.4 0.002880951 27811.84 -0.003020405
29-Jun-15 900.05 0.0152820013 27645.15 -0.006011524
30-Jun-15 916.45 0.0180571931 27780.83 0.0048959088
1-Jul-15 917.25 0.0008725528 28020.87 0.0086033752
2-Jul-15 921.15 0.0042428262 27945.8 -0.00268267
3-Jul-15 924.05 0.0031432933 28092.79 0.0052460398
6-Jul-15 926.85 0.0030255574 28208.76 0.0041196082
7-Jul-15 923.6 -0.0035126627 28171.69 -0.001314995
8-Jul-15 927.6 0.0043215279 27687.72 -0.017328579
9-Jul-15 920.1 -0.0081182456 27573.66 -0.004128024
10-Jul-15 900.95 -0.0210325976 27661.4 0.0031769703
13-Jul-15 910.1 0.0101047214 27961.19 0.0107795377
14-Jul-15 927.45 0.0188844011 27932.9 -0.001012272
15-Jul-15 928.3 0.0009160717 28198.29 0.0094561322
16-Jul-15 936 0.0082605201 28446.12 0.0087504339
17-Jul-15 924.4 -0.0124705981 28463.31 0.0006041178
20-Jul-15 912.8 -0.0126280799 28420.12 -0.001518544
21-Jul-15 891.45 -0.0236674481 28182.14 -0.008408901
22-Jul-15 918.35 0.0297292311 28504.93 0.0113886108
23-Jul-15 905.15 -0.0144779058 28370.84 -0.004715198
24-Jul-15 906.9 0.0019315146 28112.31 -0.009154298
27-Jul-15 900.7 -0.0068599517 27561.38 -0.019792041
28-Jul-15 904.85 0.0045969453 27459.23 -0.003713158
29-Jul-15 899.55 -0.0058745458 27563.43 0.003787535
30-Jul-15 920.45 0.0229680426 27705.35 0.0051356412
31-Jul-15 921.05 0.0006516427 28114.56 0.0146620563
3-Aug-15 909.65 -0.0124544135 28187.06 0.0025754158
4-Aug-15 908.7 -0.0010449034 28071.93 -0.004092863
5-Aug-15 907.4 -0.0014316395 28223.08 0.0053699382
6-Aug-15 907.9 0.0005508731 28298.13 0.0026556418
7-Aug-15 905.95 -0.0021501235 28236.39 -0.002184153
10-Aug-15 905.55 -0.000441623 28101.72 -0.004780787
11-Aug-15 888.95 -0.0185015029 27866.09 -0.008420247
12-Aug-15 865.9 -0.0262715625 27512.26 -0.012778814
13-Aug-15 867.8 0.0021918449 27549.53 0.0013537521
14-Aug-15 872.3 0.0051721281 28067.31 0.0186200784
17-Aug-15 872.55 0.0002865576 27878.27 -0.006758022
18-Aug-15 871.3 -0.0014336098 27831.54 -0.001677622
19-Aug-15 875.7 0.0050372173 27931.64 0.0035901865
20-Aug-15 873.55 -0.0024581976 27607.82 -0.011661031
21-Aug-15 881.7 0.0092864932 27366.07 -0.008795141
24-Aug-15 852.4 -0.0337959619 25741.56 -0.061197118
25-Aug-15 867 0.0169830766 26032.38 0.0112343414
26-Aug-15 858.4 -0.0099687855 25714.66 -0.012279891
27-Aug-15 858 -0.0004660918 26231.19 0.0198879035
28-Aug-15 856.9 -0.0012828738 26392.38 0.0061261714
31-Aug-15 861.5 0.0053538303 26283.09 -0.004149566
1-Sep-15 854.4 -0.0082755878 25696.44 -0.022573306
2-Sep-15 832.65 -0.0257860824 25453.56 -0.009496846
3-Sep-15 836.2 0.0042544331 25764.78 0.0121528277
4-Sep-15 830.35 -0.0070205203 25201.9 -0.022089055
7-Sep-15 820.05 -0.0124819846 24893.81 -0.01230021
8-Sep-15 802.45 -0.0216957662 25317.87 0.0168912923
9-Sep-15 803.15 0.0008719482 25719.58 0.015742099
10-Sep-15 790.6 -0.0157493451 25622.17 -0.003794577
11-Sep-15 794.5 0.0049208351 25610.21 -0.000466892
14-Sep-15 795.6 0.001383561 25856.7 0.0095786549
15-Sep-15 804.75 0.0114351232 25705.93 -0.00584805
16-Sep-15 806.6 0.0022962123 25963.97 0.0099881031
18-Sep-15 798.35 -0.0102807847 26218.91 0.0097710984
21-Sep-15 791.25 -0.0089331243 26192.98 -0.00098947
22-Sep-15 786.1 -0.0065299627 25651.84 -0.020876132
23-Sep-15 785.7 -0.0005089706 25822.99 0.0066498765
24-Sep-15 781.45 -0.0054238719 25863.5 0.0015675279
28-Sep-15 792.6 0.0141675125 25616.84 -0.009582761
29-Sep-15 785.7 -0.0087436406 25778.66 0.0062970702
30-Sep-15 813.3 0.034525005 26154.83 0.0144868592
1-Oct-15 814.55 0.0015357683 26220.95 0.0025248325
5-Oct-15 810.1 -0.0054781167 26785.55 0.0213038534
6-Oct-15 828.05 0.0219158422 26932.88 0.005485282
7-Oct-15 823.75 -0.0052064532 27035.85 0.003815918
8-Oct-15 821.35 -0.0029177578 26845.81 -0.007054006
9-Oct-15 817.2 -0.005065465 27079.51 0.0086675967
12-Oct-15 814.8 -0.0029411786 26904.11 -0.00649829
13-Oct-15 812.4 -0.0029498546 26846.53 -0.002142487
14-Oct-15 797.4 -0.0186363948 26779.66 -0.002493932
15-Oct-15 790.7 -0.0084378059 27010.14 0.0085697069
16-Oct-15 784.65 -0.0076808706 27214.6 0.0075412429
19-Oct-15 793.65 0.0114047995 27364.92 0.0055083071
20-Oct-15 787.35 -0.0079696817 27306.83 -0.002125047
21-Oct-15 790.85 0.00443544 27287.66 -0.000702269
23-Oct-15 800.05 0.0115659093 27470.81 0.006689401
26-Oct-15 807.05 0.0087113985 27361.96 -0.003970259
27-Oct-15 811.4 0.0053755266 27253.44 -0.003973976
28-Oct-15 817.4 0.0073674204 27039.76 -0.007871376
29-Oct-15 801.55 -0.019581218 26838.14 -0.007484365
30-Oct-15 801.85 0.0003742048 26656.83 -0.006778607
2-Nov-15 801.25 -0.0007485497 26559.15 -0.003671082
3-Nov-15 803.85 0.0032396764 26590.59 0.0011830727
4-Nov-15 802.55 -0.0016185262 26552.92 -0.001417671
5-Nov-15 803.75 0.0014941172 26304.2 -0.009411101
6-Nov-15 798.85 -0.0061150821 26265.24 -0.00148223
9-Nov-15 800.55 0.002125798 26121.4 -0.00549149
10-Nov-15 803.45 0.003615964 25743.26 -0.014582056
11-Nov-15 805.85 0.0029826655 25866.95 0.0047932468
13-Nov-15 797.05 -0.0109802089 25610.53 -0.009962497
16-Nov-15 784.75 -0.0155522164 25760.1 0.0058231882
17-Nov-15 797.1 0.0156149457 25864.47 0.004043429
18-Nov-15 792.5 -0.0057876357 25482.52 -0.014877485
19-Nov-15 794.5 0.0025204802 25841.92 0.0140052526
20-Nov-15 798 0.0043956115 25868.49 0.0010276462
23-Nov-15 792.25 -0.0072315989 25819.34 -0.001901802
24-Nov-15 811.4 0.0238841522 25775.74 -0.001690084
26-Nov-15 813.1 0.0020929524 25958.63 0.0070703775
27-Nov-15 817.5 0.0053967996 26128.2 0.0065110739
30-Nov-15 809.45 -0.0098958981 26145.67 0.0006684028
1-Dec-15 833.25 0.0289787125 26169.41 0.0009075778
2-Dec-15 829.35 -0.0046914557 26117.85 -0.001972183
3-Dec-15 817.2 -0.0147583985 25886.62 -0.008892756
4-Dec-15 815.35 -0.002266394 25638.11 -0.009646317
7-Dec-15 831.75 0.019914446 25530.11 -0.004221376
8-Dec-15 825.6 -0.0074215202 25310.33 -0.008645927
9-Dec-15 820.2 -0.0065621818 25036.05 -0.010895827
10-Dec-15 816.05 -0.0050725854 25252.32 0.0086012465
11-Dec-15 820.95 0.0059865787 25044.43 -0.008266585
14-Dec-15 837.2 0.0196007843 25150.35 0.0042203654
15-Dec-15 856.3 0.0225577915 25320.44 0.0067401617
16-Dec-15 853.75 -0.0029823711 25494.37 0.0068456688
17-Dec-15 864.1 0.012050092 25803.78 0.0120633493
18-Dec-15 859.1 -0.0058031732 25519.22 -0.011089099
21-Dec-15 852.1 -0.0081814388 25735.9 0.0084550106
22-Dec-15 851.5 -0.0007043907 25590.65 -0.005659854
23-Dec-15 861.35 0.0115014258 25850.3 0.0100951559
24-Dec-15 863.25 0.0022034104 25838.71 -0.000448451
28-Dec-15 865.9 0.0030650922 26034.13 0.0075346144
29-Dec-15 858.25 -0.0088739961 26079.48 0.0017404287
30-Dec-15 859.45 0.0013972174 25960.03 -0.004590751
31-Dec-15 862.35 0.003368571 26117.54 0.0060490718
1-Jan-16 856.55 -0.0067485276 26160.9 0.0016588104
4-Jan-16 857.15 0.0007002393 25623.35 -0.020761885
5-Jan-16 847.8 -0.0109681735 25580.34 -0.001679957
6-Jan-16 841.4 -0.0075775878 25406.33 -0.006825732
7-Jan-16 819.7 -0.0261287515 24851.83 -0.022066964
8-Jan-16 811.8 -0.0096844153 24934.33 0.0033141771
11-Jan-16 812.45 0.0008003694 24825.04 -0.004392748
12-Jan-16 819.5 0.0086400243 24682.03 -0.005777373
13-Jan-16 831.05 0.0139955633 24854.11 0.0069476827
14-Jan-16 826.45 -0.0055505422 24772.97 -0.003269992
15-Jan-16 804.15 -0.0273536004 24455.04 -0.01291681
18-Jan-16 810.6 0.0079888953 24188.37 -0.010964391
19-Jan-16 811.35 0.0009248128 24479.84 0.0119779825
20-Jan-16 796.5 -0.0184723976 24062.04 -0.017214427
21-Jan-16 776.85 -0.0249798478 23962.21 -0.004157489
22-Jan-16 772.65 -0.0054211169 24435.66 0.0195655347
25-Jan-16 781.65 0.0115809053 24485.95 0.0020559429
27-Jan-16 767.75 -0.0179429107 24492.39 0.0002629734
28-Jan-16 790.9 0.0297073782 24469.57 -0.000932152
29-Jan-16 816.9 0.0323451508 24870.69 0.0162596969
1-Feb-16 800.9 -0.019780593 24824.83 -0.00184564
2-Feb-16 800.2 -0.0008743989 24539 -0.011580673
3-Feb-16 821.45 0.0262093749 24223.32 -0.012947883
4-Feb-16 834.6 0.0158814968 24338.43 0.0047407771
5-Feb-16 844.95 0.0123248859 24616.97 0.0113794599
8-Feb-16 829.95 -0.017911996 24287.42 -0.013477522
9-Feb-16 826.6 -0.0040445559 24020.98 -0.011030906
10-Feb-16 824.7 -0.0023012182 23758.9 -0.010970418
11-Feb-16 798.8 -0.0319090823 22951.83 -0.034559525
12-Feb-16 810.95 0.0150957984 22986.12 0.0014928836
15-Feb-16 805 -0.0073641225 23554.12 0.0244101966
16-Feb-16 804.3 -0.0008699435 23191.97 -0.015494654
17-Feb-16 812.2 0.0097742813 23381.87 0.0081548377
18-Feb-16 826.6 0.0175742868 23649.22 0.0113691977
19-Feb-16 825.65 -0.0011499472 23709.15 0.0025309162
22-Feb-16 858.85 0.0394233302 23788.79 0.0033534117
23-Feb-16 836.5 -0.0263677647 23410.18 -0.016043491
24-Feb-16 836.85 0.0004183225 23088.93 -0.013817689
25-Feb-16 841.15 0.0051251602 22976 -0.004903089
26-Feb-16 850.6 0.0111719797 23154.3 0.0077303156
29-Feb-16 829.8 -0.0247572749 23002 -0.00659934
1-Mar-16 825 -0.0058013216 23779.35 0.0332363883
2-Mar-16 847.4 0.0267894519 24242.98 0.0193095339
3-Mar-16 848.35 0.0011204483 24606.99 0.014903458
4-Mar-16 848.6 0.0002946463 24646.48 0.0016035422
8-Mar-16 827.55 -0.0251184044 24659.23 0.0005171815
9-Mar-16 840.65 0.0157058737 24793.96 0.0054488025
10-Mar-16 837.55 -0.0036944387 24623.34 -0.006905302
11-Mar-16 849.15 0.0137548857 24717.99 0.003836545
14-Mar-16 854.85 0.0066901658 24804.28 0.0034849003
15-Mar-16 842 -0.0151460007 24551.17 -0.010256708
16-Mar-16 843.6 0.0018984344 24682.48 0.0053341693
17-Mar-16 849.3 0.0067340322 24677.37 -0.000207051
18-Mar-16 846.05 -0.0038340213 24952.74 0.0110970065
21-Mar-16 880.35 0.0397410962 25285.37 0.0132423318
22-Mar-16 871.35 -0.0102758226 25330.49 0.0017828409
23-Mar-16 872.6 0.0014335276 25337.56 0.0002790713
28-Mar-16 864.2 -0.0096730372 24966.4 -0.014756959
29-Mar-16 861.5 -0.0031291675 24900.46 -0.002644644
30-Mar-16 862.65 0.0013339909 25338.58 0.0174418582
31-Mar-16 869.5 0.007909287 25341.86 0.0001294385
-0.000443068
Average Mkt Return -0.04
0.574624578

COST OF EQUITY AS PER CAPM 11.93

Beta 0.574625
Rf 7.78635 10 Year G bond rate
Mkt Return 15 better to take long term view
ake long term view

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