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in
NEROLAC
Particulars Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017
Sales 2857 3164 3549 3739 3999
Other Income 16 10 22 27 98
Expenses 2521 2803 3104 3159 3269
Operating Profit 352 372 467 606 828
OPM% 12 12 13 16 21
Interest 0 0 0 0 0
Depreciation 47 64 68 67 69
Profit Before Tax 420 307 399 1075 759
Tax% 30 33 32 16 33
Net Profit 292 207 272 899 506
PATM% 10 7 8 24 13
EPS 54.22 38.33 5.04 16.54 9.39
Kansai Nerolac Paints had last split the face value of its shares from Rs 10 to Rs 1 in 2015. T

You are to explore this from the annual report of the company and
accordingly bring out the extent of growth in this company over the
previous 10 years if data available or a shorter period as per availability
of data. You may explore both the arithmetic growth and the geometric
growth over the years. Growth must be estimated for Revenue, PAT and
EPS. Also compare this with industry performance over previous 5
years. Restrict comparision to three or four top competitors only).
ASIAN PAINTS
Particulars Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017
Sales 8960 10419 11649 11830 12723
Other Income 126 174 187 249 300
Expenses 7409 8639 9634 9350 10048
Operating Profit 1677 1954 2201 2730 2974
OPM% 19 19 19 23 23
Interest 34 29 31 27 22
Depreciation 127 212 223 235 295
Profit Before Tax 1516 1703 1934 2403 2657
Tax% 31 31 31 32 32
Net Profit 1050 1169 1327 1623 1802
PATM% 12 11 11 14 14
EPS 109.47 12.19 13.84 16.92 18.8
Asian Paints had last split the face value of its shares from Rs 10 to Rs 1 in 2013. The share

BERGER PAINTS
Particulars Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017
Sales 3346 3870 4322 4223 4552
Other Income 31 36 36 38 55
Expenses 2975 3438 3811 3582 3834
Operating Profit 403 467 547 679 773
OPM% 12 12 13 16 17
Interest 38 47 50 27 16
Depreciation 57 71 93 99 108
Profit Before Tax 308 350 404 553 693
Tax% 29 29 34 34 33
Net Profit 218 249 265 371 474
PATM% 7 6 6 9 10
EPS 6.05 6.76 3.84 3.67 4.2
Berger Paints India had last split the face value of its shares from Rs 2 to Rs 1 in 2014. Shar

AKZO NOBEL
Particulars Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017
Sales 2232 2418 2527 2640 2837
Other Income 138 57 66 57 49
Expenses 2044 2226 2267 2337 2490
Operating Profit 327 249 326 360 396
OPM% 15 10 13 14 14
Interest 9 2 2 2 3
Depreciation 39 44 53 54 54
Profit Before Tax 279 203 275 314 342
Tax% 22 26 32 32 28
Net Profit 219 150 186 214 247
PATM% 10 6 7 8 9
EPS 46.29 32.18 39.93 43.32 52.93
43955 ₹ 64,584.32

55639
Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
4587 5174 4943 4690 5949 10.69% 15.69%
72 62 27 39 33 10134.6615
3797 4432 4162 3857 5302
862 804 808 872 680 11.24%
19 16 16 19 11
0 0 5 7 10
76 90 120 139 154
786 713 684 715 505
34 35 22 26 26
516 467 535 531 374
11 9 11 11 6
9.58 8.67 9.94 9.85 6.95
hares from Rs 10 to Rs 1 in 2015. The share has been quoting on an ex-split basis from March 26, 2015.

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
14154 16392 17194 18517 25189 45.27%
278 285 358 366 452
11230 12885 13335 14024 20601
3201 3792 4217 4860 5040
23 23 25 26 20
24 81 80 72 70
311 541 690 697 722
2866 3170 3413 4090 4194
34 33 22 25 25
1895 2132 2654 3053 3135
13 13 15 16 12
19.75 22.26 27.67 31.82 32.68
m Rs 10 to Rs 1 in 2013. The share has been quoting on an ex-split basis from July 30, 2013.

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
5166 6062 6366 6818 8762 15.75%
46 60 69 51 65
4359 5126 5305 5630 7431
853 996 1130 1239 1396
17 16 18 18 16
25 47 47 44 51
124 182 191 211 227
704 766 891 984 1118
35 35 25 26 26
461 494 658 720 833
9 8 10 11 10
4.45 4.52 7.2 7.16 7.72
es from Rs 2 to Rs 1 in 2014. Share has been quoting on an ex-split basis from January 08, 2015.

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
2968 2918 2662 2421 3149 5.66%
233 43 38 24 25
2657 2576 2283 2081 2718
544 385 417 364 455
18 13 16 15 14
4 5 9 10 15
58 65 79 76 76
484 316 323 278 367
17 33 27 25 21
401 211 237 208 290
13 7 9 9 9
85.75 45.96 52.13 45.6 63.68
Particulars Sales Net Profit
Mar-13 2857 292
Mar-14 3164 10.75% 207 -29.11%
Mar-15 3549 12.17% 272 31.40%
Mar-16 3739 5.35% 899 230.51%
Mar-17 3999 6.95% 506 -43.72%
Mar-18 4587 14.70% 516 1.98%
Mar-19 5174 12.80% 467 -9.50%
Mar-20 4943 -4.46% 535 14.56%
Mar-21 4690 -5.12% 531 -0.75%
Mar-22 5949 26.84% 374 -29.57%
Arth.Mean 8.89% Arth.Mean 18.42%

Geo.Mean 7.61% Geo.Mean 2.51%

Particulars Sales Net Profit


Mar-13 8960 1050
Mar-14 10419 16.28% 1169 11.33%
Mar-15 11649 11.81% 1327 13.52%
Mar-16 11830 1.55% 1623 22.31%
Mar-17 12723 7.55% 1802 11.03%
Mar-18 14154 11.25% 1895 5.16%
Mar-19 16392 15.81% 2132 12.51%
Mar-20 17194 4.89% 2654 24.48%
Mar-21 18517 7.69% 3053 15.03%
Mar-22 25189 36.03% 3135 2.69%
Arth.Mean 12.54% Arth.Mean 13.12%

Geo.Mean 10.89% Geo.Mean 11.56%

Particulars Sales Net Profit


Mar-13 3346 218
Mar-14 3870 15.66% 249 14.22%
Mar-15 4322 11.68% 265 6.43%
Mar-16 4223 -2.29% 371 40.00%
Mar-17 4552 7.79% 474 27.76%
Mar-18 5166 13.49% 461 -2.74%
Mar-19 6062 17.34% 494 7.16%
Mar-20 6366 5.01% 658 33.20%
Mar-21 6818 7.10% 720 9.42%
Mar-22 8762 28.51% 833 15.69%
Arth.Mean 11.59% Arth.Mean 16.79%

Geo.Mean 10.11% Geo.Mean 14.35%

Particulars Sales Net Profit


Mar-13 2232 219
Mar-14 2418 8.33% 150 -31.51%
Mar-15 2527 4.51% 186 24.00%
Mar-16 2640 4.47% 214 15.05%
Mar-17 2837 7.46% 247 15.42%
Mar-18 2968 4.62% 401 62.35%
Mar-19 2918 -1.68% 211 -47.38%
Mar-20 2662 -8.77% 237 12.32%
Mar-21 2421 -9.05% 208 -12.24%
Mar-22 3149 30.07% 290 39.42%
Arth.Mean 4.44% Arth.Mean 8.60%

Geo.Mean 3.50% Geo.Mean 2.85%


8%

2021 2026
EPS 60000 ₹ 88,159.68
5.4221
3.833 -29.31%
5.04 31.49%
16.54 228.17%
9.39 -43.23%
9.58 2.02%
8.67 -9.50%
9.94 14.65%
9.85 -0.91%
6.95 -29.44%
Arth.Mean 18.22%

Geo.Mean 2.51%

EPS
10.947
12.19 11.35%
13.84 13.54%
16.92 22.25%
18.8 11.11%
19.75 5.05%
22.26 12.71%
27.67 24.30%
31.82 15.00%
32.68 2.70%
Arth.Mean 13.11%

Geo.Mean 11.56%

EPS
3.025
3.38 11.74%
3.84 13.61%
3.67 -4.43%
4.2 14.44%
4.45 5.95%
4.52 1.57%
7.2 59.29%
7.16 -0.56%
7.72 7.82%
Arth.Mean 12.16%

Geo.Mean 9.82%

EPS
46.29
32.18 -30.48%
39.93 24.08%
43.32 8.49%
52.93 22.18%
85.75 62.01%
45.96 -46.40%
52.13 13.42%
45.6 -12.53%
63.68 39.65%
Arth.Mean 8.94%

Geo.Mean 3.24%
Geometric Mean Sales Net Profit
NEROLAC 7.61% 2.51%
ASIAN PAINTS 10.89% 11.56%
BERGER PAINTS 10.11% 14.35%
AKZO NOBEL 3.50% 2.85%

Arithmetic Mean Sales Net Profit


NEROLAC 8.89% 18.42%
ASIAN PAINTS 12.54% 13.12%
BERGER PAINTS 11.59% 16.79%
AKZO NOBEL 4.44% 8.60%

Sales YoY %
Mar-13 2857
Mar-14 3164 10.75%
Mar-15 3549 12.17%
Mar-16 3739 5.35%
Mar-17 3999 6.95%
Mar-18 4587 14.70%
Mar-19 5174 12.80%
Mar-20 4943 -4.46%
Mar-21 4690 -5.12%
Mar-22 5949 26.84%
Market Share
NEROLAC 11.00% 10.69%
ASIAN PAINTS 38.00% 45.27%
BERGER PAINTS 12.00% 15.75%
AKZO NOBEL 6.00% 5.66%
OTHERS 33.00% 22.63%

Paint Industry Market Share


NEROLAC
11%

OTHERS
33%

ASIAN PAINTS
38%
AKZO NOBEL
6%
BERGER PAINTS
12%
CAGR (Geometric Mean 2013-2022)
Sales Net Profit EPS

14.35%
11.56%

11.56%
EPS

10.89%

10.11%

9.82%
2.51%
7.61%

11.56%
9.82%

3.50%

3.24%
2.85%
2.51%
2.51%

3.24%

NEROL AC ASIAN P AINTS B ER G ER P AI NTS AK ZO N OB EL

ARITHMETIC Mean 2013-2022


EPS
18.42%

Sales Net Profit EPS


18.22%

16.79%
18.22%
13.12%

13.11%

13.11%
12.54%

12.16%
11.59%

12.16%

8.94%
8.89%

8.60%
8.94%

4.44%

N ER OL AC ASIAN P AINTS B ER G ER P AI NTS AK ZO N OB EL

Revenue
Net Profit YoY % EPS YoY % 7000
292 5.422
207 -29.11% 3.833 -29.31% 6000
5174

272 31.40% 5.04 31.49%


4587

5000
899 230.51% 16.54 228.17%
3999
3739
3549

506 -43.72% 9.39 -43.23% 4000 14.70%


3164

12.17% 12.80%
2857

516 1.98% 9.58 2.02% 3000


10.75%
467 -9.50% 8.67 -9.50% 5.35%
6.95%
535 14.56% 9.94 14.65% 2000
531 -0.75% 9.85 -0.91% 1000
374 -29.57% 6.95 -29.44%
0
41275 41640 42005 42370 42736 43101 43466

Column G Column H
1000

0
41275 41640 42005 42370 42736 43101 43466

Column G Column H

Profit After Tax


1000

899
900 230.51%
800
700
600

516
506

467
500
400

292

272
300 31.40%
arket Share

207
1.98%
200 -9.50%
-29.11%
100 -43.72%
NEROLAC
11% 0
Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19

Net Profit YoY %

ASIAN PAINTS
EPS
38%

16.54
18
16
228.17%
14
12

9.58
9.39

8.67
10 31.49%
8
5.422

5.04

6 2.02%
3.833

-43.23% -9.50%
4 -29.31%

2
0
Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19

EPS YoY %

Kansai Nerolac Paints had last split the face value of its shares
in 2015. The share has been quoting on an ex-split basis from M
EPS adjusted accordingly
)
3.50%

3.24%
2.85%

K ZO N OB EL
8.94%
8.60%
4.44%

K ZO N OB EL

Revenue
0.3
5949

26.84% 0.25
5174

4943

4690

0.2
4587
3999

0.15
14.70%
12.80% 0.1

6.95% 0.05

-0.05
-4.46% -5.12%
-0.1
42736 43101 43466 43831 44197 44562

Column G Column H
-0.05
-4.46% -5.12%
-0.1
42736 43101 43466 43831 44197 44562

Column G Column H

Profit After Tax


2.5
%
2

1.5
535

531
516
506

1
467

374
0.5

14.56% 0
1.98% -0.75%
-9.50%
-29.57% -0.5
-43.72%
-1
6 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22

Net Profit YoY %

EPS
2.5

1.5
9.94

9.85
9.58
9.39

1
8.67

6.95

0.5
14.65%
-43.23% 2.02% -0.91%
-9.50% 0
-29.44%
-0.5

-1
Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22

EPS YoY %

he face value of its shares from Rs 10 to Rs 1


on an ex-split basis from March 26, 2015. So
Particulars Mar-13 Mar 2014 Mar 2015 Mar 2016 Mar 2017
Sales 2857 3164 3549 3739 3999
Other Income 16 10 22 27 98
Expenses 2521 2803 3104 3159 3269
Operating Profit 352 372 467 606 828
OPM% 12 12 13 16 21
Interest 0 0 0 0 0
Depreciation 47 64 68 67 69
Profit Before Tax 420 307 399 1075 759
Tax% 30 33 32 16 33
Net Profit 292 207 272 899 506
PATM% 10 7 8 24 13
EPS 54.22 38.33 5.04 16.54 9.39

Kansai Nerolac Paints had last split the face value of its shares from Rs 10 to Rs 1 in 2015. The share has

A (After 5% increase in ma

Particulars Mar-13 Mar 2014 Mar 2015 Mar 2016 Mar 2017
Sales 2857 3164 3549 3739 3999
Other Income 16 10 22 27 98
Expenses 2521 2803 3104 3159 3269
Operating Profit 352 372 467 606 828
OPM% 12 12 13 16 21
Interest 0 0 0 0 0
Depreciation 47 64 68 67 69
Profit Before Tax 420 307 399 1075 759
Tax% 30 33 32 16 33
Net Profit 292 207 272 899 506
PATM% 10 7 8 24 13
EPS 54.22 38.33 5.04 16.54 9.39
CS Outstanding 5.389 5.389 53.89 53.89 53.89
Particulars Sales Net Profit EPS
Mar-23 6402 552 7.12
Mar-24 6889 7.61% 584 5.80% 7.3
Mar-25 7413 7.61% 619 5.99% 7.49
Mar-26 7977 7.61% 654 5.65% 7.68
Mar-27 8584 7.61% 692 5.81% 7.87
Arth.Mean 7.61% Arth.Mean 5.81% Arth.Mean

Geo.Mean 6.04% Geo.Mean 4.62% Geo.Mean


Indian Paint Industry Revenue-2022 ₹ 55,639 Crores ₹ 61,203.16
Projected CAGR for next 5 Yrs 10%
Projected Revenue-2027 ₹ 89,608 Crores

B.1 1.5 Times increased Capacity Norma

Particulars Mar-13 Mar 2014 Mar 2015 Mar 2016 Mar 2017
Sales 2857 3164 3549 3739 3999
Other Income 16 10 22 27 98
Expenses 2521 2803 3104 3159 3269
Operating Profit 352 372 467 606 828
OPM% 12 12 13 16 21
Interest 0 0 0 0 0
Depreciation 47 64 68 67 69
Profit Before Tax 420 307 399 1075 759
Tax% 30 33 32 16 33
Net Profit 292 207 272 899 506
PATM% 10 7 8 24 13
EPS 54.22 38.33 5.04 16.54 9.39
CS Outstanding 5.389 5.389 53.89 53.89 53.89

Projections 2023 and 2027


Indian Paint Industry Revenue-2023 ₹ 61,203 Crores
Projected CAGR for next 5 Yrs 10%
Projected Revenue-2027 ₹ 89,608 Crores

B.2 1.5 Times increased Capacity

Particulars Mar-13 Mar 2014 Mar 2015 Mar 2016 Mar 2017
Sales 2857 3164 3549 3739 3999
Other Income 16 10 22 27 98
Expenses 2521 2803 3104 3159 3269
Operating Profit 352 372 467 606 828
OPM% 12 12 13 16 21
Interest 0 0 0 0 0
Depreciation 47 64 68 67 69
Profit Before Tax 420 307 399 1075 759
Tax% 30 33 32 16 33
Net Profit 292 207 272 899 506
PATM% 10 7 8 24 13
EPS 54.22 38.33 5.04 16.54 9.39
CS Outstanding 5.389 5.389 53.89 53.89 53.89

B.3 1.5 Times increased Capacity Gr


Projections 2023 and 2027
Indian Paint Industry Revenue-2023 ₹ 61,203 Crores
Projected CAGR for next 5 Yrs 10%
Projected Revenue-2027 ₹ 89,608 Crores

Particulars Mar-13 Mar 2014 Mar 2015 Mar 2016 Mar 2017
Sales 2857 3164 3549 3739 3999
Other Income 16 10 22 27 98
Expenses 2521 2803 3104 3159 3269
Operating Profit 352 372 467 606 828
OPM% 12 12 13 16 21
Interest 0 0 0 0 0
Depreciation 47 64 68 67 69
Profit Before Tax 420 307 399 1075 759
Tax% 30 33 32 16 33
Net Profit 292 207 272 899 506
PATM% 10 7 8 24 13
EPS 54.22 38.33 5.04 16.54 9.39
CS Outstanding 5.389 5.389 53.89 53.89 53.89
Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
4587 5174 4943 4690 5949
72 62 27 39 33
3797 4432 4162 3857 5302
862 804 808 872 680
19 16 16 19 11
0 0 5 7 10
76 90 120 139 154
786 713 684 715 505
34 35 22 26 26
516 467 535 531 374
11 9 11 11 6
9.58 8.67 9.94 9.85 6.95

1 in 2015. The share has been quoting on an ex-split basis from March 26, 2015.

% increase in market share in 2023) Normal Growth Rate Projections for the peri

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
4587 5174 4943 4690 5949 9603 10333
72 62 27 39 33 35 38
3797 4432 4162 3857 5302 8567 9228
862 804 808 872 680 1071 1144
19 16 16 19 11 11% 11%
0 0 5 7 10 5 5
76 90 120 139 154 169 186
786 713 684 715 505 897 952
34 35 22 26 26 26% 26%
516 467 535 531 374 664 705
11 9 11 11 6 6.91% 6.82%
9.58 8.67 9.94 9.85 6.95 12.32 13.08
53.89 53.89 53.89 53.89 53.89 53.89 53.89

2.53%
2.60%
2.54%
2.47%
2.54%

2.02%
Kansai Nerolac Revenue-2022 ₹ 5,949 Crores Mkt Share
Projected CAGR for next 5 Yrs 7.61%
Projected Revenue-2027 ₹ 8,584 Crores Prj Mkt Share

Fully Equity funded capacity Expansion


Capacity Normal Growth Rate Projections for the period 2023 to 2027

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
4587 5174 4943 4690 5949 9603 10333
72 62 27 39 33 53 57
3797 4432 4162 3857 5302 8567 9228
862 804 808 872 680 1089 1164
19 16 16 19 11 11% 11%
0 0 5 7 10 5 5
76 90 120 139 154 254 280
786 713 684 715 505 830 879
34 35 22 26 26 26% 26%
516 467 535 531 374 614 651
11 9 11 11 6 6.40% 6.30%
9.58 8.67 9.94 9.85 6.95 7.60 8.05
53.89 53.89 53.89 53.89 53.89 80.84 80.84

Projections with Increased capacity from 2023


Kansai Nerolac Revenue-2023 ₹ 9,603 Crores Mkt Share
Projected CAGR for next 4 Yrs 7.61% * CAGR as per previous 10 yrs tre
Projected Revenue-2027 ₹ 12,877 Crores Pr Mkt Share

reased Capacity Growth Rate Projections for 5% increase in market share at the
Inorder to retain gained 5% at the end of 2027 sales CAGR needs to increase

Required Revenue-2027 ₹ 14,060 Crores to retain 15.69% Market share


Required CAGR from 2023-27 10.00%
Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
4587 5174 4943 4690 5949 9603 10563
72 62 27 39 33 53 57
3797 4432 4162 3857 5302 8567 9423
862 804 808 872 680 1089 1197
19 16 16 19 11 11% 11%
0 0 5 7 10 5 5
76 90 120 139 154 254 280
786 713 684 715 505 830 912
34 35 22 26 26 26% 26%
516 467 535 531 374 614 675
11 9 11 11 6 6.40% 6.39%
9.58 8.67 9.94 9.85 6.95 7.60 8.35
53.89 53.89 53.89 53.89 53.89 80.84 80.84

sed Capacity Growth Rate Projections for 5% increase YoY in market share till
Projections with Increased capacity from 2023
Kansai Nerolac Revenue-2023 ₹ 9,603 Crores Mkt Share
Projected CAGR for next 4 Yrs 7.61% * CAGR as per previous 10 yrs tre
Projected Revenue-2027 ₹ 12,877 Crores Pr Mkt Share

Inorder to gained 5% YoY till 2027 sales CAGR needs to increase

Required Revenue-2027 ₹ 31,981 Crores to increase market share from 1


Required CAGR from 2023-27 35.09%
Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
4587 5174 4943 4690 5949 9603 12972
72 62 27 39 33 53 57
3797 4432 4162 3857 5302 8567 11573
862 804 808 872 680 1089 1457
19 16 16 19 11 11% 11%
0 0 5 7 10 5 5
76 90 120 139 154 254 280
786 713 684 715 505 830 1172
34 35 22 26 26 26% 26%
516 467 535 531 374 614 867
11 9 11 11 6 6.40% 6.69%
9.58 8.67 9.94 9.85 6.95 7.60 10.73
53.89 53.89 53.89 53.89 53.89 80.84 80.84
Particulars Sales Net Profit
Mar-13 2857 292
Mar-14 3164 10.75% 207 -29.11%
Mar-15 3549 12.17% 272 31.40%
Mar-16 3739 5.35% 899 230.51%
Mar-17 3999 6.95% 506 -43.72%
Mar-18 4587 14.70% 516 1.98%
Mar-19 5174 12.80% 467 -9.50%
Mar-20 4943 -4.46% 535 14.56%
Mar-21 4690 -5.12% 531 -0.75%
Mar-22 5949 26.84% 374 -29.57%
Arth.Mean 8.89% Arth.Mean 18.42%

Geo.Mean 7.61% Geo.Mean 2.51%

tions for the period 2024 to 2027

Mar 2025 Mar 2026 Mar 2027


11120 11966 12877 7.61%
41 44 47 7.51%
9940 10707 11534 7.72%
1221 1303 1390 6.81%
11% 11% 11%
5 5 5
205 225 248 10.00%
1011 1072 1137 1.86%
26% 26% 26%
748 794 842 2.51%
6.73% 6.63% 6.54%
13.88 14.73 15.62 2.51%
53.89 53.89 53.89
10.69% 9604.058

9.58%

ansion
o 2027

Mar 2025 Mar 2026 Mar 2027 Increased Capacity


11120 11966 12877 7.61% 1.5
62 66 71 7.51%
9940 10707 11534 7.72%
1243 1327 1418 6.81%
11% 11% 11%
5 5 5
307 338 372 12.60%
930 984 1041 1.86%
26% 26% 26%
688 728 770 2.51%
6.19% 6.09% 5.98%
8.52 9.01 9.53 2.51%
80.84 80.84 80.84

15.69% Market share increases by 5% with 50% extra capacity


s per previous 10 yrs trend
14.37% But will lose market share by 1.32% at the end of 2027

arket share at the end of 2027

ain 15.69% Market share

Mar 2025 Mar 2026 Mar 2027 Increased Capacity


11619 12781 14059 1.5
62 66 71
10366 11402 12543
1315 1445 1588
11% 11% 11%
5 5 5
307 338 372
1002 1102 1211
26% 26% 26%
742 815 896
6.38% 6.38% 6.37%
9.18 10.08 11.08
80.84 80.84 80.84

market share till the end of 2027

15.69% Market share increases by 5% with 50% extra capacity


s per previous 10 yrs trend
14.37% But will lose market share by 1.32% at the end of 2027

rease market share from 15.69% Market share in 2023 to 35.69% Market Share in 2027

Mar 2025 Mar 2026 Mar 2027 Increased Capacity


17524 23674 31981 1.5
62 66 71
15634 21120 28532
1952 2620 3521
11% 11% 11%
5 5 5
307 338 372
1639 2277 3144
26% 26% 26%
1213 1685 2326
6.92% 7.12% 7.27%
15.01 20.84 28.78
80.84 80.84 80.84
EPS
5.422
3.833 -29.31%
5.04 31.49%
16.54 228.17%
9.39 -43.23%
9.58 2.02%
8.67 -9.50%
9.94 14.65%
9.85 -0.91%
6.95 -29.44%
Arth.Mean 18.22%

Geo.Mean 2.51%
KANSAINER ASIANPAINT BERGEPAINT
Date Close Price Daily Rt % Close Price Daily Rt % Close Price
6-Aug-20 444.2 1727.55 528.85
7-Aug-20 459.4 3.42% 1806.25 4.56% 555.15
10-Aug-20 473.35 3.04% 1782.35 -1.32% 551.45
11-Aug-20 480.95 1.61% 1789.55 0.40% 547.35
12-Aug-20 482.95 0.42% 1797.25 0.43% 550
13-Aug-20 476.65 -1.30% 1802.55 0.29% 550.85
14-Aug-20 474.35 -0.48% 1802.55 0.00% 550.35
17-Aug-20 477.1 0.58% 1836.7 1.89% 541.5
18-Aug-20 498.15 4.41% 1874.1 2.04% 562.75
19-Aug-20 487.6 -2.12% 1885.7 0.62% 556.2
20-Aug-20 484.95 -0.54% 1874.9 -0.57% 555.3
21-Aug-20 475.9 -1.87% 1958 4.43% 566.8
24-Aug-20 472.25 -0.77% 1962.15 0.21% 569.85
25-Aug-20 469.75 -0.53% 2000.6 1.96% 567.3
26-Aug-20 476.6 1.46% 1971.4 -1.46% 562.65
27-Aug-20 498.7 4.64% 1982.5 0.56% 562.65
28-Aug-20 488.35 -2.08% 1958.1 -1.23% 564.3
31-Aug-20 477.8 -2.16% 1899.1 -3.01% 537.7
1-Sep-20 491.5 2.87% 1979.3 4.22% 553.3
2-Sep-20 499.05 1.54% 1943.95 -1.79% 554.6
3-Sep-20 488.2 -2.17% 1978 1.75% 556.3
4-Sep-20 485.75 -0.50% 1956.35 -1.09% 551.75
7-Sep-20 490 0.87% 1982.1 1.32% 555
8-Sep-20 485.2 -0.98% 1960.35 -1.10% 553.55
9-Sep-20 473.4 -2.43% 1979.05 0.95% 561.8
10-Sep-20 487 2.87% 2056.55 3.92% 574.55
11-Sep-20 486.2 -0.16% 2035.95 -1.00% 572.65
14-Sep-20 518.35 6.61% 2031.2 -0.23% 577.85
15-Sep-20 518.2 -0.03% 2017.55 -0.67% 581.85
16-Sep-20 530.2 2.32% 2012.1 -0.27% 584.55
17-Sep-20 518.45 -2.22% 2007.95 -0.21% 577.95
18-Sep-20 510.25 -1.58% 2028.4 1.02% 578.5
21-Sep-20 494.05 -3.17% 1972.55 -2.75% 569.85
22-Sep-20 480.5 -2.74% 1937.5 -1.78% 560.65
23-Sep-20 477.95 -0.53% 1946.55 0.47% 570.8
24-Sep-20 479.25 0.27% 1918.35 -1.45% 575.05
25-Sep-20 475.7 -0.74% 1925.6 0.38% 582.25
28-Sep-20 481.8 1.28% 1945.6 1.04% 587.25
29-Sep-20 499.15 3.60% 1959.95 0.74% 577.4
30-Sep-20 500.75 0.32% 1986.4 1.35% 583.7
1-Oct-20 490.25 -2.10% 2040.45 2.72% 590.55
5-Oct-20 481 -1.89% 2028 -0.61% 590.9
6-Oct-20 485.85 1.01% 2090 3.06% 605.25
7-Oct-20 480.55 -1.09% 2105 0.72% 607.95
8-Oct-20 477.4 -0.66% 2088.65 -0.78% 615.4
9-Oct-20 483.7 1.32% 2050.6 -1.82% 602.6
12-Oct-20 476.15 -1.56% 2077.85 1.33% 608.7
13-Oct-20 477.4 0.26% 2064.65 -0.64% 608
14-Oct-20 474.35 -0.64% 2071.35 0.32% 605.85
15-Oct-20 476.45 0.44% 2090.45 0.92% 597.45
16-Oct-20 501.9 5.34% 2061.2 -1.40% 603.4
19-Oct-20 492.3 -1.91% 2070.1 0.43% 610.7
20-Oct-20 486.65 -1.15% 2118.5 2.34% 615.2
21-Oct-20 508.65 4.52% 2114.3 -0.20% 605.9
22-Oct-20 504.75 -0.77% 2099.9 -0.68% 609.05
23-Oct-20 516.8 2.39% 2120.25 0.97% 609.45
26-Oct-20 500.7 -3.12% 2080.45 -1.88% 595.45
27-Oct-20 517.4 3.34% 2197.8 5.64% 608.35
28-Oct-20 512.55 -0.94% 2159.55 -1.74% 606.5
29-Oct-20 511.6 -0.19% 2225.45 3.05% 630
30-Oct-20 514.65 0.60% 2211.5 -0.63% 623.05
2-Nov-20 514.15 -0.10% 2172.85 -1.75% 628.4
3-Nov-20 513.45 -0.14% 2154.65 -0.84% 632.1
4-Nov-20 507.1 -1.24% 2169.45 0.69% 637.9
5-Nov-20 521.35 2.81% 2238.3 3.17% 647.25
6-Nov-20 512 -1.79% 2209.05 -1.31% 649.6
9-Nov-20 526.85 2.90% 2225.2 0.73% 653.5
10-Nov-20 524.95 -0.36% 2199.75 -1.14% 641.3
11-Nov-20 520.65 -0.82% 2181.7 -0.82% 649.2
12-Nov-20 509 -2.24% 2171.8 -0.45% 651.55
13-Nov-20 505.1 -0.77% 2179.95 0.38% 649
14-Nov-20 521.4 3.23% 2184.6 0.21% 651.9
17-Nov-20 535.55 2.71% 2187.65 0.14% 647.1
18-Nov-20 549.15 2.54% 2195.75 0.37% 651.85
19-Nov-20 539.7 -1.72% 2161.7 -1.55% 636.8
20-Nov-20 535.95 -0.69% 2166.55 0.22% 643.1
23-Nov-20 531.6 -0.81% 2186.25 0.91% 644.3
24-Nov-20 539.85 1.55% 2207.9 0.99% 642.2
25-Nov-20 522.7 -3.18% 2154.3 -2.43% 636.05
26-Nov-20 520.65 -0.39% 2155.3 0.05% 639.1
27-Nov-20 541.95 4.09% 2215.3 2.78% 647.75
1-Dec-20 547.65 1.05% 2230.05 0.67% 655.5
2-Dec-20 541.65 -1.10% 2315.85 3.85% 665.2
3-Dec-20 546.25 0.85% 2411.4 4.13% 668.85
4-Dec-20 563.8 3.21% 2438.75 1.13% 671.2
7-Dec-20 552.45 -2.01% 2472.55 1.39% 672.2
8-Dec-20 563.85 2.06% 2438.9 -1.36% 668.15
9-Dec-20 557.85 -1.06% 2522.3 3.42% 677.95
10-Dec-20 556.15 -0.30% 2526.05 0.15% 679.55
11-Dec-20 548.6 -1.36% 2520.95 -0.20% 677.3
14-Dec-20 549.45 0.15% 2548.15 1.08% 681.15
15-Dec-20 550.05 0.11% 2527.45 -0.81% 684.25
16-Dec-20 550.2 0.03% 2582.45 2.18% 689.75
17-Dec-20 555.4 0.95% 2575.05 -0.29% 709.65
18-Dec-20 556.65 0.23% 2601.5 1.03% 710.05
21-Dec-20 556.85 0.04% 2554.65 -1.80% 695
22-Dec-20 566 1.64% 2600.8 1.81% 712.85
23-Dec-20 568.85 0.50% 2642.55 1.61% 733.9
24-Dec-20 561.05 -1.37% 2648.25 0.22% 731.05
28-Dec-20 571.8 1.92% 2683.9 1.35% 740.9
29-Dec-20 576.6 0.84% 2696.8 0.48% 744.05
30-Dec-20 624.6 8.32% 2734.4 1.39% 753.45
31-Dec-20 607.75 -2.70% 2764.5 1.10% 759.45
1-Jan-21 634.35 4.38% 2775.55 0.40% 767.05
4-Jan-21 620.75 -2.14% 2753.7 -0.79% 778.5
5-Jan-21 625.45 0.76% 2793.85 1.46% 791.4
6-Jan-21 612.75 -2.03% 2805.35 0.41% 783
7-Jan-21 599.7 -2.13% 2792.25 -0.47% 792
8-Jan-21 619.45 3.29% 2844.7 1.88% 810.6
11-Jan-21 605.2 -2.30% 2849.3 0.16% 810.8
12-Jan-21 600.3 -0.81% 2720.55 -4.52% 803.15
13-Jan-21 628.65 4.72% 2703.7 -0.62% 796.6
14-Jan-21 656.15 4.37% 2663.9 -1.47% 794.1
15-Jan-21 633.95 -3.38% 2590.9 -2.74% 777.5
18-Jan-21 644.6 1.68% 2588.2 -0.10% 775.8
19-Jan-21 651.45 1.06% 2645.05 2.20% 789.5
20-Jan-21 650 -0.22% 2697.25 1.97% 794.15
21-Jan-21 669.05 2.93% 2716.35 0.71% 805.25
22-Jan-21 651.5 -2.62% 2596.65 -4.41% 773.4
25-Jan-21 612.6 -5.97% 2513.95 -3.18% 748.45
27-Jan-21 574.75 -6.18% 2436.6 -3.08% 732.2
28-Jan-21 588.25 2.35% 2441.7 0.21% 731.45
29-Jan-21 548.7 -6.72% 2407.35 -1.41% 706.85
1-Feb-21 581.3 5.94% 2447.8 1.68% 720.85
2-Feb-21 577.1 -0.72% 2463.65 0.65% 724.45
3-Feb-21 579.15 0.36% 2453.65 -0.41% 728.95
4-Feb-21 584.35 0.90% 2401.8 -2.11% 733.8
5-Feb-21 585.35 0.17% 2376.75 -1.04% 730.15
8-Feb-21 587.6 0.38% 2416.85 1.69% 751.95
9-Feb-21 587.35 -0.04% 2506.85 3.72% 762.15
10-Feb-21 586.5 -0.14% 2510.6 0.15% 762.8
11-Feb-21 579.6 -1.18% 2505.5 -0.20% 771.75
12-Feb-21 575.15 -0.77% 2486.1 -0.77% 770.35
15-Feb-21 590.7 2.70% 2456.75 -1.18% 764.05
16-Feb-21 586.65 -0.69% 2450.25 -0.26% 759.55
17-Feb-21 587.3 0.11% 2388.15 -2.53% 752.25
18-Feb-21 586.45 -0.14% 2470.75 3.46% 758.7
19-Feb-21 562.35 -4.11% 2416.45 -2.20% 741.25
22-Feb-21 564.5 0.38% 2387.05 -1.22% 729.85
23-Feb-21 561.95 -0.45% 2372.2 -0.62% 721.7
24-Feb-21 566.75 0.85% 2361.35 -0.46% 724.75
25-Feb-21 573.35 1.16% 2373.75 0.53% 722.9
26-Feb-21 558.95 -2.51% 2277.2 -4.07% 679.85
1-Mar-21 561.3 0.42% 2362.3 3.74% 718.75
2-Mar-21 571.05 1.74% 2390.4 1.19% 713.3
3-Mar-21 585.45 2.52% 2402.1 0.49% 731.55
4-Mar-21 580.8 -0.79% 2417.1 0.62% 730.8
5-Mar-21 577.8 -0.52% 2387.1 -1.24% 729.55
8-Mar-21 581.95 0.72% 2382.7 -0.18% 712.5
9-Mar-21 588.95 1.20% 2422.7 1.68% 715
10-Mar-21 577.35 -1.97% 2431.95 0.38% 730.35
12-Mar-21 574 -0.58% 2401.35 -1.26% 717.25
15-Mar-21 562.65 -1.98% 2355 -1.93% 718.2
16-Mar-21 551.9 -1.91% 2468.6 4.82% 727.55
17-Mar-21 558.8 1.25% 2422.95 -1.85% 714.75
18-Mar-21 539.4 -3.47% 2404.55 -0.76% 704.9
19-Mar-21 531.75 -1.42% 2411.25 0.28% 725.7
22-Mar-21 543.05 2.13% 2425.7 0.60% 732.05
23-Mar-21 553.25 1.88% 2410.3 -0.63% 744.5
24-Mar-21 555.2 0.35% 2443.55 1.38% 741.05
25-Mar-21 554.35 -0.15% 2402.2 -1.69% 734.55
26-Mar-21 568.35 2.53% 2505.15 4.29% 759.9
30-Mar-21 591.2 4.02% 2578.05 2.91% 759.8
31-Mar-21 601.05 1.67% 2537.4 -1.58% 765
1-Apr-21 591.85 -1.53% 2551.75 0.57% 764.35
5-Apr-21 588.6 -0.55% 2510.65 -1.61% 746.75
6-Apr-21 591.15 0.43% 2611.6 4.02% 748.5
7-Apr-21 593.9 0.47% 2628.6 0.65% 752
8-Apr-21 594.5 0.10% 2650.65 0.84% 762.45
9-Apr-21 596 0.25% 2630.8 -0.75% 752.6
12-Apr-21 578.15 -2.99% 2602.2 -1.09% 728.2
13-Apr-21 578 -0.03% 2570.7 -1.21% 725.2
15-Apr-21 568.1 -1.71% 2587.7 0.66% 727.45
16-Apr-21 572.5 0.77% 2663.7 2.94% 735.3
19-Apr-21 541.1 -5.48% 2571.9 -3.45% 715.8
20-Apr-21 548.4 1.35% 2553.65 -0.71% 709.5
22-Apr-21 545.45 -0.54% 2511.25 -1.66% 715.05
23-Apr-21 549.9 0.82% 2517.95 0.27% 709.7
26-Apr-21 553.7 0.69% 2557.9 1.59% 722.4
27-Apr-21 555.5 0.33% 2574.35 0.64% 712.8
28-Apr-21 563.95 1.52% 2614.55 1.56% 717.8
29-Apr-21 569.6 1.00% 2613.45 -0.04% 714.7
30-Apr-21 555.75 -2.43% 2536.4 -2.95% 704
3-May-21 561.75 1.08% 2582.15 1.80% 712.3
4-May-21 571 1.65% 2587.15 0.19% 706.3
5-May-21 592.15 3.70% 2567.65 -0.75% 711.45
6-May-21 592.75 0.10% 2549.05 -0.72% 716.85
7-May-21 591.25 -0.25% 2551.65 0.10% 715.45
10-May-21 566.15 -4.25% 2556.95 0.21% 723.15
11-May-21 553.4 -2.25% 2556.25 -0.03% 735.95
12-May-21 559.35 1.08% 2556.2 0.00% 734.15
14-May-21 556.65 -0.48% 2774.5 8.54% 752.75
17-May-21 556.85 0.04% 2782.75 0.30% 768.05
18-May-21 556.2 -0.12% 2821.8 1.40% 781.2
19-May-21 561.95 1.03% 2815.85 -0.21% 790.3
20-May-21 558 -0.70% 2794.1 -0.77% 788.25
21-May-21 559.2 0.22% 2832.5 1.37% 790.8
24-May-21 565.55 1.14% 2819.2 -0.47% 808.6
25-May-21 574.7 1.62% 2914.4 3.38% 820.05
26-May-21 582.3 1.32% 2941.6 0.93% 832.35
27-May-21 588.7 1.10% 2949.35 0.26% 798.3
28-May-21 572.3 -2.79% 2940.7 -0.29% 802.25
31-May-21 571.85 -0.08% 2977.5 1.25% 805.55
1-Jun-21 576.1 0.74% 2931 -1.56% 798.25
2-Jun-21 581.85 1.00% 2903.7 -0.93% 793.95
3-Jun-21 575.2 -1.14% 2935.35 1.09% 800.55
4-Jun-21 579.65 0.77% 2924.9 -0.36% 796.35
7-Jun-21 589.35 1.67% 2933.1 0.28% 810.65
8-Jun-21 591.1 0.30% 2926.25 -0.23% 806.95
9-Jun-21 589.4 -0.29% 2943.55 0.59% 802.5
10-Jun-21 580.7 -1.48% 2950.6 0.24% 809.1
11-Jun-21 582.8 0.36% 2956.25 0.19% 806.1
14-Jun-21 575.7 -1.22% 2949.9 -0.21% 809.65
15-Jun-21 582.85 1.24% 3042.2 3.13% 823.75
16-Jun-21 578.25 -0.79% 3018.7 -0.77% 817.9
17-Jun-21 567.65 -1.83% 3060.3 1.38% 820.3
18-Jun-21 574.4 1.19% 3047.2 -0.43% 825.6
21-Jun-21 576.65 0.39% 3068.55 0.70% 827.75
22-Jun-21 581.2 0.79% 3010.8 -1.88% 808.4
23-Jun-21 584.55 0.58% 2987.35 -0.78% 806.1
24-Jun-21 589.95 0.92% 3043.25 1.87% 813.2
25-Jun-21 589.15 -0.14% 3003.9 -1.29% 806.05
28-Jun-21 588.8 -0.06% 2982.95 -0.70% 804.75
29-Jun-21 584.3 -0.76% 3001.5 0.62% 804.35
30-Jun-21 575.2 -1.56% 2992.7 -0.29% 805.1
1-Jul-21 572.15 -0.53% 3021.6 0.97% 809
2-Jul-21 587.2 2.63% 3005 -0.55% 806.9
5-Jul-21 595.15 1.35% 3014.8 0.33% 816.55
6-Jul-21 613.5 3.08% 3002.5 -0.41% 814.1
7-Jul-21 607.15 -1.04% 3040.1 1.25% 846.15
8-Jul-21 600.05 -1.17% 3028.3 -0.39% 841.65
9-Jul-21 602.75 0.45% 3010.6 -0.58% 844.1
12-Jul-21 602.25 -0.08% 2999.4 -0.37% 839.65
13-Jul-21 602 -0.04% 2993.85 -0.19% 837.65
14-Jul-21 600.2 -0.30% 3001.95 0.27% 838.7
15-Jul-21 600.25 0.01% 2983.6 -0.61% 841.15
16-Jul-21 599.9 -0.06% 2989.3 0.19% 843.85
19-Jul-21 600.75 0.14% 2981.95 -0.25% 835.3
20-Jul-21 618.2 2.90% 3159.05 5.94% 864.95
22-Jul-21 624.75 1.06% 3106.75 -1.66% 855.7
23-Jul-21 624.05 -0.11% 3083.75 -0.74% 854.25
26-Jul-21 617.95 -0.98% 3061.2 -0.73% 849.75
27-Jul-21 615.55 -0.39% 3028.65 -1.06% 843.6
28-Jul-21 609.95 -0.91% 3004.1 -0.81% 850.35
29-Jul-21 619.85 1.62% 2997.45 -0.22% 845.5
30-Jul-21 625.95 0.98% 2958.45 -1.30% 843.55
2-Aug-21 629.2 0.52% 2974.05 0.53% 841.05
3-Aug-21 635.2 0.95% 3027 1.78% 845.8
4-Aug-21 632.55 -0.42% 3018.6 -0.28% 842.2
5-Aug-21 637.85 0.84% 2988.4 -1.00% 838.2
6-Aug-21 636.5 -0.21% 2966.45 -0.73% 827.8
9-Aug-21 635.75 -0.12% 2992.55 0.88% 812.85
10-Aug-21 624.45 -1.78% 2977.15 -0.51% 811
11-Aug-21 616.2 -1.32% 2972.6 -0.15% 818.4
12-Aug-21 625.25 1.47% 2975.5 0.10% 814.95
13-Aug-21 628.1 0.46% 2988.7 0.44% 811.15
16-Aug-21 628.85 0.12% 2971.4 -0.58% 815.05
17-Aug-21 633.3 0.71% 3015.3 1.48% 814.95
18-Aug-21 634.7 0.22% 3001.55 -0.46% 813.7
20-Aug-21 625.5 -1.45% 3112.95 3.71% 819.25
23-Aug-21 637.1 1.85% 3077.45 -1.14% 795.45
24-Aug-21 631.2 -0.93% 3045.95 -1.02% 790.95
25-Aug-21 641.2 1.58% 3038.05 -0.26% 784.5
26-Aug-21 626.95 -2.22% 3039.65 0.05% 786.55
27-Aug-21 622.15 -0.77% 3036.8 -0.09% 785.85
30-Aug-21 619.35 -0.45% 3108.75 2.37% 810.65
31-Aug-21 619.55 0.03% 3201.35 2.98% 820.8
1-Sep-21 622.5 0.48% 3302.75 3.17% 828.65
2-Sep-21 619.45 -0.49% 3301.6 -0.03% 834.05
3-Sep-21 619.55 0.02% 3338.8 1.13% 831.35
6-Sep-21 625.8 1.01% 3315.55 -0.70% 834.95
7-Sep-21 621.45 -0.70% 3336.25 0.62% 833.9
8-Sep-21 615.5 -0.96% 3336.6 0.01% 831.2
9-Sep-21 611.2 -0.70% 3346.35 0.29% 836.55
13-Sep-21 603.95 -1.19% 3367.05 0.62% 839.3
14-Sep-21 613.1 1.52% 3362.5 -0.14% 834.85
15-Sep-21 625.5 2.02% 3352.3 -0.30% 837.45
16-Sep-21 623.6 -0.30% 3342.1 -0.30% 833.7
17-Sep-21 613.95 -1.55% 3303.05 -1.17% 818.75
20-Sep-21 615.1 0.19% 3271.55 -0.95% 813.55
21-Sep-21 619.9 0.78% 3309.2 1.15% 815.3
22-Sep-21 618.8 -0.18% 3317.5 0.25% 812
23-Sep-21 625.05 1.01% 3320.65 0.09% 821.1
24-Sep-21 628.65 0.58% 3448.6 3.85% 840.1
27-Sep-21 633.25 0.73% 3430.65 -0.52% 830.7
28-Sep-21 635.85 0.41% 3379.7 -1.49% 819.3
29-Sep-21 634.45 -0.22% 3323.05 -1.68% 817.15
30-Sep-21 633.25 -0.19% 3244.65 -2.36% 809
1-Oct-21 637.15 0.62% 3177.85 -2.06% 810.4
4-Oct-21 632.1 -0.79% 3201.6 0.75% 820.8
5-Oct-21 651.35 3.05% 3254.75 1.66% 825.45
6-Oct-21 645.8 -0.85% 3212.25 -1.31% 821.1
7-Oct-21 640.25 -0.86% 3290.85 2.45% 829.55
8-Oct-21 631.7 -1.34% 3306.9 0.49% 830.35
11-Oct-21 606.55 -3.98% 3306.05 -0.03% 824
12-Oct-21 619.15 2.08% 3323.25 0.52% 820.75
13-Oct-21 598.4 -3.35% 3323.5 0.01% 829.15
14-Oct-21 607.2 1.47% 3297.8 -0.77% 838.45
18-Oct-21 596.9 -1.70% 3241.5 -1.71% 837.9
19-Oct-21 574.95 -3.68% 3183.75 -1.78% 823.75
20-Oct-21 576.6 0.29% 3169.6 -0.44% 799.6
21-Oct-21 558.5 -3.14% 3002 -5.29% 750.05
22-Oct-21 549.85 -1.55% 2982.4 -0.65% 736.45
25-Oct-21 543.1 -1.23% 2918.05 -2.16% 717.75
26-Oct-21 568.2 4.62% 2969.8 1.77% 733.3
27-Oct-21 560 -1.44% 3094.65 4.20% 736.2
28-Oct-21 548.55 -2.04% 3116.3 0.70% 737.7
29-Oct-21 545.05 -0.64% 3100.1 -0.52% 741.5
1-Nov-21 552.85 1.43% 3121.8 0.70% 753.85
2-Nov-21 568.9 2.90% 3103.35 -0.59% 755.65
3-Nov-21 570 0.19% 3170.65 2.17% 761.55
4-Nov-21 574.85 0.85% 3159.25 -0.36% 763
8-Nov-21 597.35 3.91% 3138 -0.67% 755.35
9-Nov-21 601.65 0.72% 3145.15 0.23% 774.95
10-Nov-21 594.65 -1.16% 3108.3 -1.17% 774.95
11-Nov-21 579.65 -2.52% 3063.5 -1.44% 779.15
12-Nov-21 596.55 2.92% 3122.9 1.94% 794.5
15-Nov-21 617.6 3.53% 3168.7 1.47% 798.8
16-Nov-21 619.4 0.29% 3151.7 -0.54% 790.75
17-Nov-21 615.35 -0.65% 3230.25 2.49% 792.15
18-Nov-21 590.9 -3.97% 3226.85 -0.11% 788.15
22-Nov-21 589.95 -0.16% 3261.25 1.07% 778.4
23-Nov-21 589.9 -0.01% 3185.55 -2.32% 769.25
24-Nov-21 588.15 -0.30% 3157 -0.90% 764
25-Nov-21 589.6 0.25% 3144.25 -0.40% 757.5
26-Nov-21 579.9 -1.65% 3143.1 -0.04% 762.1
29-Nov-21 569.75 -1.75% 3144.3 0.04% 740.25
30-Nov-21 596.25 4.65% 3143.65 -0.02% 751.75
1-Dec-21 595.05 -0.20% 3138.15 -0.17% 740.95
2-Dec-21 599.95 0.82% 3180.6 1.35% 743.55
3-Dec-21 594.85 -0.85% 3110.45 -2.21% 729.95
6-Dec-21 596.35 0.25% 3038.3 -2.32% 725.8
7-Dec-21 580.9 -2.59% 3030.35 -0.26% 736.2
8-Dec-21 585.8 0.84% 3108.5 2.58% 747.9
9-Dec-21 591.4 0.96% 3178.7 2.26% 742.45
10-Dec-21 597.05 0.96% 3283.15 3.29% 762.5
13-Dec-21 595.5 -0.26% 3279.85 -0.10% 755.5
14-Dec-21 587.9 -1.28% 3297.5 0.54% 756.85
15-Dec-21 589.1 0.20% 3301.95 0.13% 759.25
16-Dec-21 582.7 -1.09% 3298.6 -0.10% 760.8
17-Dec-21 589.85 1.23% 3243.7 -1.66% 753.25
20-Dec-21 587.95 -0.32% 3239.45 -0.13% 739.45
21-Dec-21 591.4 0.59% 3271.35 0.98% 743.4
22-Dec-21 589.75 -0.28% 3280.1 0.27% 746.2
23-Dec-21 584.05 -0.97% 3267.9 -0.37% 750.55
24-Dec-21 575.8 -1.41% 3284.8 0.52% 740.9
27-Dec-21 568.3 -1.30% 3272.4 -0.38% 746.25
28-Dec-21 563.4 -0.86% 3368.2 2.93% 752.6
29-Dec-21 573.1 1.72% 3367.45 -0.02% 752.2
30-Dec-21 581.5 1.47% 3365.7 -0.05% 759.55
31-Dec-21 591.2 1.67% 3382.95 0.51% 771.75
3-Jan-22 593.8 0.44% 3422.4 1.17% 776.4
4-Jan-22 591.9 -0.32% 3459.3 1.08% 784.45
5-Jan-22 597.25 0.90% 3526.8 1.95% 789.75
6-Jan-22 592.05 -0.87% 3514.65 -0.34% 780.6
7-Jan-22 597.9 0.99% 3576.3 1.75% 790.75
10-Jan-22 595.25 -0.44% 3553.5 -0.64% 783.95
11-Jan-22 600.65 0.91% 3538.75 -0.42% 786.2
12-Jan-22 613.3 2.11% 3543.8 0.14% 788.9
13-Jan-22 616.75 0.56% 3456.25 -2.47% 781.95
14-Jan-22 610.4 -1.03% 3364.4 -2.66% 771.35
17-Jan-22 606.35 -0.66% 3378.65 0.42% 775.9
18-Jan-22 602.2 -0.68% 3373.7 -0.15% 761.15
19-Jan-22 595.5 -1.11% 3280.4 -2.77% 748.45
20-Jan-22 592.15 -0.56% 3306.4 0.79% 744.7
21-Jan-22 575.7 -2.78% 3274.85 -0.95% 744.75
24-Jan-22 573.05 -0.46% 3155.15 -3.66% 713.45
25-Jan-22 575.2 0.38% 3147.1 -0.26% 727.05
27-Jan-22 569.65 -0.96% 3116.95 -0.96% 714.2
28-Jan-22 570.4 0.13% 3110.85 -0.20% 726.4
31-Jan-22 567 -0.60% 3152.25 1.33% 722.4
1-Feb-22 559.35 -1.35% 3196.25 1.40% 731.75
2-Feb-22 555.55 -0.68% 3197.7 0.05% 742.65
3-Feb-22 555.3 -0.05% 3203 0.17% 736.8
4-Feb-22 540.7 -2.63% 3236.65 1.05% 735.2
7-Feb-22 534.35 -1.17% 3174.7 -1.91% 719.1
8-Feb-22 518.7 -2.93% 3216.35 1.31% 718.4
9-Feb-22 510.1 -1.66% 3228.35 0.37% 721.45
10-Feb-22 509.05 -0.21% 3238.75 0.32% 726.75
11-Feb-22 497.5 -2.27% 3216.3 -0.69% 717.95
14-Feb-22 486.95 -2.12% 3143.45 -2.27% 699.8
15-Feb-22 493.45 1.33% 3264.6 3.85% 722.7
16-Feb-22 492.8 -0.13% 3252.85 -0.36% 723.8
17-Feb-22 494.75 0.40% 3265.85 0.40% 725.6
18-Feb-22 494.65 -0.02% 3258.45 -0.23% 737.8
21-Feb-22 491.75 -0.59% 3251.65 -0.21% 726.65
22-Feb-22 479.7 -2.45% 3227.15 -0.75% 727.05
23-Feb-22 464.1 -3.25% 3237.2 0.31% 730.25
24-Feb-22 453.4 -2.31% 3069.05 -5.19% 679.45
25-Feb-22 450.85 -0.56% 3119.2 1.63% 685.7
28-Feb-22 454.65 0.84% 3174.65 1.78% 690.45
2-Mar-22 438.1 -3.64% 3028.95 -4.59% 677.25
3-Mar-22 446.9 2.01% 2871.9 -5.18% 663.25
4-Mar-22 445 -0.43% 2738.15 -4.66% 653.05
7-Mar-22 430.8 -3.19% 2708.45 -1.08% 628.75
8-Mar-22 432.3 0.35% 2723.4 0.55% 639.55
9-Mar-22 444.55 2.83% 2874.95 5.56% 657.9
10-Mar-22 451.65 1.60% 2912.8 1.32% 677.15
11-Mar-22 450.1 -0.34% 2932 0.66% 679.25
14-Mar-22 448.65 -0.32% 2962.8 1.05% 677.35
15-Mar-22 458.05 2.10% 2987.15 0.82% 695.45
16-Mar-22 448.6 -2.06% 3042 1.84% 705.8
17-Mar-22 475.85 6.07% 3136.6 3.11% 717.95
21-Mar-22 472.15 -0.78% 3045.75 -2.90% 693.55
22-Mar-22 458.1 -2.98% 3051.15 0.18% 697.65
23-Mar-22 459.55 0.32% 3016.8 -1.13% 683
24-Mar-22 457.35 -0.48% 3025.35 0.28% 684.05
25-Mar-22 454.25 -0.68% 3046.95 0.71% 688.6
28-Mar-22 445.35 -1.96% 3027.45 -0.64% 679.95
29-Mar-22 447.8 0.55% 3042.6 0.50% 687.35
30-Mar-22 449.95 0.48% 3081.55 1.28% 693.55
31-Mar-22 467.75 3.96% 3079.95 -0.05% 699.7
1-Apr-22 469.8 0.44% 3114.15 1.11% 711.6
4-Apr-22 462.2 -1.62% 3118 0.12% 722.35
5-Apr-22 468.05 1.27% 3140.8 0.73% 723.95
6-Apr-22 458.85 -1.97% 3154 0.42% 726.85
7-Apr-22 462.35 0.76% 3155 0.03% 723.85
8-Apr-22 464.2 0.40% 3206.25 1.62% 734.6
11-Apr-22 468.3 0.88% 3157.45 -1.52% 732.1
12-Apr-22 467.95 -0.07% 3128.65 -0.91% 722.3
13-Apr-22 465.05 -0.62% 3080.65 -1.53% 724.15
18-Apr-22 468.7 0.78% 3021.55 -1.92% 718.95
19-Apr-22 473.05 0.93% 2991.2 -1.00% 702.7
20-Apr-22 471.6 -0.31% 3083 3.07% 712.85
21-Apr-22 473.65 0.43% 3158.25 2.44% 715.05
22-Apr-22 469.8 -0.81% 3164.4 0.19% 716.65
25-Apr-22 469.05 -0.16% 3130.6 -1.07% 715.75
26-Apr-22 469.1 0.01% 3125.65 -0.16% 719.7
27-Apr-22 471.5 0.51% 3148.35 0.73% 717.85
28-Apr-22 467.85 -0.77% 3247.7 3.16% 729.55
29-Apr-22 469.55 0.36% 3237.2 -0.32% 717.95
2-May-22 464.75 -1.02% 3200 -1.15% 713.35
4-May-22 457.95 -1.46% 3100.85 -3.10% 687.15
5-May-22 450.95 -1.53% 3076.55 -0.78% 687.15
6-May-22 451.3 0.08% 3016.25 -1.96% 666.7
9-May-22 438.45 -2.85% 3005.25 -0.36% 664.3
10-May-22 431.1 -1.68% 3086.35 2.70% 676.6
11-May-22 411.8 -4.48% 3053.65 -1.06% 663.4
12-May-22 398.05 -3.34% 3039.95 -0.45% 660.2
13-May-22 398.1 0.01% 3064 0.79% 656.5
16-May-22 404.85 1.70% 2999.9 -2.09% 633.7
17-May-22 403.9 -0.23% 3050 1.67% 641.4
18-May-22 399.15 -1.18% 3100.1 1.64% 640.75
19-May-22 400.6 0.36% 3046.9 -1.72% 626.95
20-May-22 398.7 -0.47% 3109.95 2.07% 630.35
23-May-22 403.9 1.30% 3174.2 2.07% 626.1
24-May-22 410.85 1.72% 3086.85 -2.75% 610.15
25-May-22 408.3 -0.62% 2838.05 -8.06% 566.15
26-May-22 404.75 -0.87% 2840.15 0.07% 568.05
27-May-22 404.85 0.02% 2834.85 -0.19% 575.25
30-May-22 404.25 -0.15% 2844 0.32% 605.2
31-May-22 400.2 -1.00% 2859.65 0.55% 614.9
1-Jun-22 402.95 0.69% 2852.5 -0.25% 601
2-Jun-22 412.2 2.30% 2908.55 1.96% 622.45
3-Jun-22 412.85 0.16% 2886.9 -0.74% 608.9
6-Jun-22 413.3 0.11% 2817.45 -2.41% 589.9
7-Jun-22 408.3 -1.21% 2744.7 -2.58% 580.95
8-Jun-22 401.75 -1.60% 2705.2 -1.44% 580.9
9-Jun-22 399.95 -0.45% 2686.8 -0.68% 581.1
10-Jun-22 399.1 -0.21% 2708.75 0.82% 580.75
13-Jun-22 390.3 -2.20% 2660.75 -1.77% 572.1
14-Jun-22 396.25 1.52% 2635.4 -0.95% 570.3
15-Jun-22 399.5 0.82% 2661.15 0.98% 575.55
16-Jun-22 386.95 -3.14% 2657.45 -0.14% 568.6
17-Jun-22 370.85 -4.16% 2580.2 -2.91% 560.75
20-Jun-22 382.05 3.02% 2660.7 3.12% 578.7
21-Jun-22 374.55 -1.96% 2678.35 0.66% 585.45
22-Jun-22 360.85 -3.66% 2666.35 -0.45% 584.85
23-Jun-22 369.3 2.34% 2758.2 3.44% 594.4
24-Jun-22 373.2 1.06% 2760.9 0.10% 594.1
27-Jun-22 377.9 1.26% 2820.95 2.18% 600
28-Jun-22 376.2 -0.45% 2726.5 -3.35% 582.25
29-Jun-22 371.2 -1.33% 2697.8 -1.05% 568.85
30-Jun-22 370.5 -0.19% 2695.2 -0.10% 568.3
1-Jul-22 372.45 0.53% 2773.15 2.89% 582.25
4-Jul-22 370.35 -0.56% 2790.3 0.62% 583.7
5-Jul-22 367.55 -0.76% 2766.6 -0.85% 575.05
6-Jul-22 399.65 8.73% 2861.4 3.43% 592.1
7-Jul-22 395.7 -0.99% 2891.4 1.05% 593.25
8-Jul-22 390.85 -1.23% 2879.8 -0.40% 585.25
11-Jul-22 398.15 1.87% 2933.05 1.85% 592.6
12-Jul-22 393.6 -1.14% 2893.2 -1.36% 580.3
13-Jul-22 383.65 -2.53% 2941.2 1.66% 586.65
14-Jul-22 387.85 1.09% 2939.15 -0.07% 579.95
15-Jul-22 391.5 0.94% 2978.15 1.33% 573.65
18-Jul-22 393.8 0.59% 3017.85 1.33% 575.75
19-Jul-22 394.85 0.27% 3019.1 0.04% 579
20-Jul-22 396.2 0.34% 3006.45 -0.42% 578.25
21-Jul-22 394.85 -0.34% 3066.1 1.98% 594.15
22-Jul-22 402.15 1.85% 3067.4 0.04% 589.4
25-Jul-22 402.8 0.16% 3104.95 1.22% 594.55
26-Jul-22 399.7 -0.77% 3108.5 0.11% 586.05
27-Jul-22 399.65 -0.01% 3186.05 2.49% 596.85
28-Jul-22 404.9 1.31% 3272.4 2.71% 617.2
29-Jul-22 400 -1.21% 3333.75 1.87% 624.7
1-Aug-22 431.55 7.89% 3324.55 -0.28% 628.9
2-Aug-22 508.3 17.78% 3396.15 2.15% 652.45
3-Aug-22 501.35 -1.37% 3439.65 1.28% 657.35
4-Aug-22 500 -0.27% 3460.5 0.61% 667
5-Aug-22 501.45 0.29% 3473.9 0.39% 673.75

Daily Rt % 0.05% 0.16%


Annual Rt% (µ) 11.50% 39.25%
Daily SD 2.09% 1.77%
Annual SD (σ) 33.16% 28.16%

Beta 0.6440 0.7665

Normal Normal Normal


Probability Distribution Distribution Distribution
10% µ+3σ 110.98% µ+3σ 123.71% µ+3σ
15% µ+2σ 77.82% µ+2σ 95.56% µ+2σ
35% µ+σ 44.66% µ+σ 67.40% µ+σ
15% µ-σ -21.66% µ-σ 11.09% µ-σ
15% µ-2σ -54.82% µ-2σ -17.06% µ-2σ
10% µ-3σ -87.99% µ-3σ -45.22% µ-3σ

Expected Return % 18.13% 44.88%

Status of Economic Expected Expected


Growth Probability Return % Probability Return % Probability
Very High Growth 10% 28.75% 10% 98.12% 10%
High Growth 20% 17.25% 20% 58.87% 20%
Normal Growth 27% 11.50% 27% 39.25% 27%
Below Normal Growth 18% 8.62% 18% 29.44% 18%
Low Growth 15% 6.90% 15% 23.55% 15%
Recession 10% 2.87% 10% 9.81% 10%

Expected Return % 12.30% 42.00%


BERGEPAINT AKZOINDIA Nifty 500
Daily Rt % Close Price Daily Rt % Close Daily Rt %
1,867.05 9169.1
4.97% 1,915.30 2.58% 9198.65 0.32%
-0.67% 1,893.70 -1.13% 9268.55 0.76%
-0.74% 1,993.70 5.28% 9291 0.24%
0.48% 1,999.75 0.30% 9284.8 -0.07%
0.15% 2,005.95 0.31% 9307.85 0.25%
-0.09% 2,005.35 -0.03% 9214.4 -1.00%
-1.61% 2,018.25 0.64% 9267.9 0.58%
3.92% 2,054.20 1.78% 9382.05 1.23%
-1.16% 2,051.15 -0.15% 9412.55 0.33%
-0.16% 2,071.45 0.99% 9368.75 -0.47%
2.07% 2,100.35 1.40% 9423.55 0.58%
0.54% 2,100.60 0.01% 9498.35 0.79%
-0.45% 2,099.80 -0.04% 9509.25 0.11%
-0.82% 2,133.55 1.61% 9567.15 0.61%
0.00% 2,159.10 1.20% 9580.7 0.14%
0.29% 2,139.40 -0.91% 9641.05 0.63%
-4.71% 2,100.10 -1.84% 9372.05 -2.79%
2.90% 2,100.00 0.00% 9442.25 0.75%
0.23% 2,159.70 2.84% 9518.4 0.81%
0.31% 2,105.15 -2.53% 9534.65 0.17%
-0.82% 2,102.35 -0.13% 9377.95 -1.64%
0.59% 2,116.65 0.68% 9379.1 0.01%
-0.26% 2,105.65 -0.52% 9329.85 -0.53%
1.49% 2,050.40 -2.62% 9290.2 -0.42%
2.27% 2,038.65 -0.57% 9420.25 1.40%
-0.33% 2,005.55 -1.62% 9446.4 0.28%
0.91% 2,091.65 4.29% 9493.3 0.50%
0.69% 2,163.25 3.42% 9573.35 0.84%
0.46% 2,127.45 -1.65% 9632.5 0.62%
-1.13% 2,117.15 -0.48% 9566.75 -0.68%
0.10% 2,164.35 2.23% 9559.5 -0.08%
-1.50% 2,108.65 -2.57% 9313 -2.58%
-1.61% 2,087.80 -0.99% 9213.9 -1.06%
1.81% 2,086.65 -0.06% 9194.35 -0.21%
0.74% 2,028.35 -2.79% 8944.75 -2.71%
1.25% 2,015.15 -0.65% 9156.1 2.36%
0.86% 2,052.15 1.84% 9330.25 1.90%
-1.68% 2,082.30 1.47% 9319.7 -0.11%
1.09% 2,165.20 3.98% 9341.75 0.24%
1.17% 2,179.30 0.65% 9461.7 1.28%
0.06% 2,123.10 -2.58% 9516.3 0.58%
2.43% 2,122.60 -0.02% 9622.35 1.11%
0.45% 2,120.10 -0.12% 9654.5 0.33%
1.23% 2,109.70 -0.49% 9711.8 0.59%
-2.08% 2,083.25 -1.25% 9750.15 0.39%
1.01% 2,054.25 -1.39% 9745.35 -0.05%
-0.11% 2,020.60 -1.64% 9736.45 -0.09%
-0.35% 2,010.60 -0.49% 9763.4 0.28%
-1.39% 1,983.10 -1.37% 9550.05 -2.19%
1.00% 1,998.40 0.77% 9626.25 0.80%
1.21% 1,981.40 -0.85% 9709.3 0.86%
0.74% 2,071.10 4.53% 9733 0.24%
-1.51% 2,025.45 -2.20% 9756.6 0.24%
0.52% 2,029.75 0.21% 9745.05 -0.12%
0.07% 2,001.15 -1.41% 9780.35 0.36%
-2.30% 1,988.85 -0.61% 9647.65 -1.36%
2.17% 1,996.35 0.38% 9748.3 1.04%
-0.30% 1,978.35 -0.90% 9632.35 -1.19%
3.87% 1,981.20 0.14% 9593.4 -0.40%
-1.10% 1,983.35 0.11% 9581.65 -0.12%
0.86% 1,961.45 -1.10% 9595.95 0.15%
0.59% 1,948.50 -0.66% 9696.3 1.05%
0.92% 1,925.05 -1.20% 9764.6 0.70%
1.47% 1,932.75 0.40% 9935.35 1.75%
0.36% 1,976.60 2.27% 10033.5 0.99%
0.60% 1,998.45 1.11% 10176.35 1.42%
-1.87% 2,000.45 0.10% 10269 0.91%
1.23% 1,981.20 -0.96% 10356.5 0.85%
0.36% 1,983.55 0.12% 10342.7 -0.13%
-0.39% 1,978.60 -0.25% 10387.2 0.43%
0.45% 2,000.75 1.12% 10440.35 0.51%
-0.74% 2,033.25 1.62% 10524 0.80%
0.73% 2,047.75 0.71% 10588.35 0.61%
-2.31% 2,093.15 2.22% 10477.5 -1.05%
0.99% 2,106.05 0.62% 10560.55 0.79%
0.19% 2,111.05 0.24% 10635.95 0.71%
-0.33% 2,125.45 0.68% 10733.6 0.92%
-0.96% 2,117.15 -0.39% 10574.95 -1.48%
0.48% 2,082.50 -1.64% 10674.05 0.94%
1.35% 2,153.00 3.39% 10719.05 0.42%
1.20% 2,130.90 -1.03% 10835.15 1.08%
1.48% 2,169.35 1.80% 10858.15 0.21%
0.55% 2,176.20 0.32% 10893.6 0.33%
0.35% 2,252.25 3.49% 10978.85 0.78%
0.15% 2,234.50 -0.79% 11070.25 0.83%
-0.60% 2,234.70 0.01% 11088.65 0.17%
1.47% 2,224.30 -0.47% 11181.2 0.83%
0.24% 2,204.50 -0.89% 11141.35 -0.36%
-0.33% 2,206.80 0.10% 11171.4 0.27%
0.57% 2,223.90 0.77% 11215.25 0.39%
0.46% 2,256.95 1.49% 11223.9 0.08%
0.80% 2,287.55 1.36% 11320.1 0.86%
2.89% 2,261.75 -1.13% 11346.35 0.23%
0.06% 2,265.60 0.17% 11355 0.08%
-2.12% 2,160.85 -4.62% 10964.25 -3.44%
2.57% 2,204.85 2.04% 11075.75 1.02%
2.95% 2,211.80 0.32% 11225.55 1.35%
-0.39% 2,234.15 1.01% 11325.25 0.89%
1.35% 2,327.30 4.17% 11434.7 0.97%
0.43% 2,311.15 -0.69% 11467 0.28%
1.26% 2,401.55 3.91% 11509.65 0.37%
0.80% 2,399.50 -0.09% 11518.3 0.08%
1.00% 2,397.95 -0.06% 11574.85 0.49%
1.49% 2,471.50 3.07% 11691.8 1.01%
1.66% 2,469.25 -0.09% 11767 0.64%
-1.06% 2,439.00 -1.23% 11737.9 -0.25%
1.15% 2,418.00 -0.86% 11766.1 0.24%
2.35% 2,401.60 -0.68% 11925.6 1.36%
0.02% 2,393.45 -0.34% 12006.5 0.68%
-0.94% 2,359.95 -1.40% 12058.35 0.43%
-0.82% 2,366.30 0.27% 12041.1 -0.14%
-0.31% 2,351.55 -0.62% 12069.5 0.24%
-2.09% 2,312.75 -1.65% 11931.2 -1.15%
-0.22% 2,272.95 -1.72% 11776.2 -1.30%
1.77% 2,342.40 3.06% 11981.85 1.75%
0.59% 2,450.05 4.60% 12078.35 0.81%
1.40% 2,427.45 -0.92% 12015.95 -0.52%
-3.96% 2,480.60 2.19% 11854.5 -1.34%
-3.23% 2,401.50 -3.19% 11743.7 -0.93%
-2.17% 2,297.80 -4.32% 11546.35 -1.68%
-0.10% 2,310.55 0.55% 11442.55 -0.90%
-3.36% 2,228.00 -3.57% 11302.4 -1.22%
1.98% 2,191.40 -1.64% 11770.15 4.14%
0.50% 2,272.30 3.69% 12053.25 2.41%
0.62% 2,300.30 1.23% 12174.05 1.00%
0.67% 2,288.05 -0.53% 12285.85 0.92%
-0.50% 2,275.10 -0.57% 12279.85 -0.05%
2.99% 2,269.80 -0.23% 12441.3 1.31%
1.36% 2,264.15 -0.25% 12434.2 -0.06%
0.09% 2,207.80 -2.49% 12452.45 0.15%
1.17% 2,202.05 -0.26% 12514.1 0.50%
-0.18% 2,193.20 -0.40% 12508.55 -0.04%
-0.82% 2,192.65 -0.03% 12632.05 0.99%
-0.59% 2,190.75 -0.09% 12647.2 0.12%
-0.96% 2,171.00 -0.90% 12597.45 -0.39%
0.86% 2,142.30 -1.32% 12565.7 -0.25%
-2.30% 2,146.55 0.20% 12438.8 -1.01%
-1.54% 2,188.95 1.98% 12212.55 -1.82%
-1.12% 2,176.30 -0.58% 12263.7 0.42%
0.42% 2,149.85 -1.22% 12455.2 1.56%
-0.26% 2,154.65 0.22% 12567.85 0.90%
-5.96% 2,158.10 0.16% 12181.4 -3.07%
5.72% 2,146.25 -0.55% 12368.3 1.53%
-0.76% 2,208.40 2.90% 12519.4 1.22%
2.56% 2,234.85 1.20% 12764.8 1.96%
-0.10% 2,258.40 1.05% 12688.85 -0.59%
-0.17% 2,195.90 -2.77% 12539 -1.18%
-2.34% 2,201.75 0.27% 12558.95 0.16%
0.35% 2,226.95 1.14% 12617.2 0.46%
2.15% 2,280.85 2.42% 12691.35 0.59%
-1.79% 2,297.05 0.71% 12593.9 -0.77%
0.13% 2,317.35 0.88% 12510.15 -0.67%
1.30% 2,402.60 3.68% 12512.7 0.02%
-1.76% 2,307.00 -3.98% 12319.9 -1.54%
-1.38% 2,266.80 -1.74% 12174.45 -1.18%
2.95% 2,199.60 -2.96% 12314.5 1.15%
0.88% 2,213.60 0.64% 12338.6 0.20%
1.70% 2,192.90 -0.94% 12417.3 0.64%
-0.46% 2,191.20 -0.08% 12197.2 -1.77%
-0.88% 2,190.70 -0.02% 11993.3 -1.67%
3.45% 2,224.10 1.52% 12148.9 1.30%
-0.01% 2,282.70 2.63% 12387.9 1.97%
0.68% 2,296.05 0.58% 12313.7 -0.60%
-0.08% 2,371.05 3.27% 12479 1.34%
-2.30% 2,371.75 0.03% 12298.6 -1.45%
0.23% 2,427.95 2.37% 12358.1 0.48%
0.47% 2,383.35 -1.84% 12481.3 1.00%
1.39% 2,401.35 0.76% 12541.65 0.48%
-1.29% 2,344.45 -2.37% 12527.4 -0.11%
-3.24% 2,259.55 -3.62% 12024.1 -4.02%
-0.41% 2,290.00 1.35% 12186.7 1.35%
0.31% 2,266.05 -1.05% 12237.6 0.42%
1.08% 2,267.60 0.07% 12298.05 0.49%
-2.65% 2,198.55 -3.05% 12076.45 -1.80%
-0.88% 2,208.85 0.47% 12055.4 -0.17%
0.78% 2,213.15 0.19% 12132.05 0.64%
-0.75% 2,219.65 0.29% 12105.6 -0.22%
1.79% 2,214.35 -0.24% 12216.85 0.92%
-1.33% 2,229.10 0.67% 12362.55 1.19%
0.70% 2,240.60 0.52% 12517.95 1.26%
-0.43% 2,224.95 -0.70% 12532.8 0.12%
-1.50% 2,243.15 0.82% 12364.35 -1.34%
1.18% 2,248.40 0.23% 12395.25 0.25%
-0.84% 2,214.70 -1.50% 12300.45 -0.76%
0.73% 2,198.90 -0.71% 12413 0.92%
0.76% 2,191.65 -0.33% 12501.9 0.72%
-0.20% 2,205.55 0.63% 12563.1 0.49%
1.08% 2,219.95 0.65% 12669.9 0.85%
1.77% 2,206.20 -0.62% 12642.25 -0.22%
-0.24% 2,179.50 -1.21% 12537.95 -0.83%
2.53% 2,180.45 0.04% 12472.15 -0.52%
2.03% 2,198.40 0.82% 12672.1 1.60%
1.71% 2,225.50 1.23% 12839.1 1.32%
1.16% 2,202.60 -1.03% 12809 -0.23%
-0.26% 2,219.10 0.75% 12736.45 -0.57%
0.32% 2,267.35 2.17% 12917.85 1.42%
2.25% 2,253.80 -0.60% 12962.45 0.35%
1.42% 2,250.40 -0.15% 12963 0.00%
1.50% 2,314.35 2.84% 13022.2 0.46%
-4.09% 2,278.25 -1.56% 13066.25 0.34%
0.49% 2,278.95 0.03% 13117.05 0.39%
0.41% 2,277.60 -0.06% 13226.35 0.83%
-0.91% 2,253.45 -1.06% 13210.4 -0.12%
-0.54% 2,283.70 1.34% 13274.25 0.48%
0.83% 2,269.40 -0.63% 13380.5 0.80%
-0.52% 2,264.35 -0.22% 13393.9 0.10%
1.80% 2,277.20 0.57% 13479.65 0.64%
-0.46% 2,279.75 0.11% 13496.55 0.13%
-0.55% 2,270.50 -0.41% 13396.4 -0.74%
0.82% 2,284.45 0.61% 13517.2 0.90%
-0.37% 2,293.90 0.41% 13563.85 0.35%
0.44% 2,303.55 0.42% 13554.15 -0.07%
1.74% 2,320.75 0.75% 13607.8 0.40%
-0.71% 2,298.55 -0.96% 13510.6 -0.71%
0.29% 2,267.90 -1.33% 13425.15 -0.63%
0.65% 2,232.05 -1.58% 13386.55 -0.29%
0.26% 2,245.05 0.58% 13456.1 0.52%
-2.34% 2,287.00 1.87% 13491.1 0.26%
-0.28% 2,325.55 1.69% 13423.35 -0.50%
0.88% 2,342.30 0.72% 13468.25 0.33%
-0.88% 2,310.65 -1.35% 13539.4 0.53%
-0.16% 2,289.65 -0.91% 13533.05 -0.05%
-0.05% 2,321.15 1.38% 13481.95 -0.38%
0.09% 2,354.60 1.44% 13473.55 -0.06%
0.48% 2,326.55 -1.19% 13454.1 -0.14%
-0.26% 2,348.55 0.95% 13494.45 0.30%
1.20% 2,354.30 0.24% 13585.75 0.68%
-0.30% 2,327.70 -1.13% 13574.15 -0.09%
3.94% 2,330.65 0.13% 13631 0.42%
-0.53% 2,309.80 -0.89% 13532.7 -0.72%
0.29% 2,295.50 -0.62% 13527.95 -0.04%
-0.53% 2,279.85 -0.68% 13549 0.16%
-0.24% 2,287.70 0.34% 13628.85 0.59%
0.13% 2,296.50 0.38% 13661.1 0.24%
0.29% 2,289.85 -0.29% 13720.35 0.43%
0.32% 2,281.55 -0.36% 13742.35 0.16%
-1.01% 2,264.40 -0.75% 13619.85 -0.89%
3.55% 2,272.05 0.34% 13495.6 -0.91%
-1.07% 2,270.30 -0.08% 13670.2 1.29%
-0.17% 2,288.85 0.82% 13687 0.12%
-0.53% 2,265.45 -1.02% 13675.1 -0.09%
-0.72% 2,265.00 -0.02% 13610.3 -0.47%
0.80% 2,255.15 -0.43% 13579.15 -0.23%
-0.57% 2,254.90 -0.01% 13643.75 0.48%
-0.23% 2,271.75 0.75% 13664.25 0.15%
-0.30% 2,280.40 0.38% 13783.7 0.87%
0.56% 2,271.30 -0.40% 13939.2 1.13%
-0.43% 2,236.80 -1.52% 13969.35 0.22%
-0.47% 2,219.80 -0.76% 13981.55 0.09%
-1.24% 2,225.55 0.26% 13954.65 -0.19%
-1.81% 2,229.65 0.18% 13935.05 -0.14%
-0.23% 2,178.95 -2.27% 13892.75 -0.30%
0.91% 2,131.60 -2.17% 13876.55 -0.12%
-0.42% 2,146.45 0.70% 13971.95 0.69%
-0.47% 2,218.90 3.38% 14065.3 0.67%
0.48% 2,224.95 0.27% 14070.8 0.04%
-0.01% 2,232.55 0.34% 14113.1 0.30%
-0.15% 2,225.15 -0.33% 14095.55 -0.12%
0.68% 2,214.40 -0.48% 13943.95 -1.08%
-2.91% 2,188.10 -1.19% 13930.55 -0.10%
-0.57% 2,184.90 -0.15% 14063.25 0.95%
-0.82% 2,206.15 0.97% 14093.6 0.22%
0.26% 2,200.55 -0.25% 14106.95 0.09%
-0.09% 2,201.20 0.03% 14192.5 0.61%
3.16% 2,208.20 0.32% 14397.9 1.45%
1.25% 2,211.45 0.15% 14555.9 1.10%
0.96% 2,276.75 2.95% 14551.35 -0.03%
0.65% 2,269.65 -0.31% 14684.35 0.91%
-0.32% 2,254.60 -0.66% 14759.3 0.51%
0.43% 2,237.15 -0.77% 14805.85 0.32%
-0.13% 2,244.40 0.32% 14784.25 -0.15%
-0.32% 2,225.05 -0.86% 14803.6 0.13%
0.64% 2,195.85 -1.31% 14836.45 0.22%
0.33% 2,204.50 0.39% 14852.2 0.11%
-0.53% 2,199.65 -0.22% 14904.35 0.35%
0.31% 2,211.95 0.56% 15020.55 0.78%
-0.45% 2,198.15 -0.62% 15104.9 0.56%
-1.79% 2,211.15 0.59% 15027.25 -0.51%
-0.64% 2,200.70 -0.47% 14826.75 -1.33%
0.22% 2,218.60 0.81% 14946.3 0.81%
-0.40% 2,201.85 -0.75% 14990.55 0.30%
1.12% 2,199.35 -0.11% 15205.45 1.43%
2.31% 2,207.05 0.35% 15191.95 -0.09%
-1.12% 2,218.90 0.54% 15189.05 -0.02%
-1.37% 2,193.95 -1.12% 15095.6 -0.62%
-0.26% 2,258.30 2.93% 15086.95 -0.06%
-1.00% 2,284.35 1.15% 15052.65 -0.23%
0.17% 2,249.65 -1.52% 15013.95 -0.26%
1.28% 2,252.60 0.13% 15181.15 1.11%
0.57% 2,266.20 0.60% 15280.1 0.65%
-0.53% 2,246.50 -0.87% 15134.55 -0.95%
1.03% 2,237.25 -0.41% 15290.15 1.03%
0.10% 2,239.05 0.08% 15365.2 0.49%
-0.76% 2,227.95 -0.50% 15428 0.41%
-0.39% 2,233.70 0.26% 15481.9 0.35%
1.02% 2,245.00 0.51% 15631.4 0.97%
1.12% 2,221.15 -1.06% 15769.25 0.88%
-0.07% 2,217.85 -0.15% 15886.15 0.74%
-1.69% 2,206.00 -0.53% 15757.85 -0.81%
-2.93% 2,197.85 -0.37% 15568.65 -1.20%
-6.20% 2,174.95 -1.04% 15487.65 -0.52%
-1.81% 2,161.25 -0.63% 15399.7 -0.57%
-2.54% 2,107.70 -2.48% 15334.35 -0.42%
2.17% 2,093.60 -0.67% 15499.65 1.08%
0.40% 2,119.00 1.21% 15484.35 -0.10%
0.20% 2,130.10 0.52% 15190.85 -1.90%
0.52% 2,100.90 -1.37% 15086.9 -0.68%
1.67% 2,078.45 -1.07% 15302.7 1.43%
0.24% 2,115.40 1.78% 15314.65 0.08%
0.78% 2,089.60 -1.22% 15282.75 -0.21%
0.19% 2,125.80 1.73% 15376.9 0.62%
-1.00% 2,102.55 -1.09% 15520.15 0.93%
2.59% 2,112.70 0.48% 15541.95 0.14%
0.00% 2,128.85 0.76% 15521.1 -0.13%
0.54% 2,126.05 -0.13% 15411.1 -0.71%
1.97% 2,116.00 -0.47% 15579 1.09%
0.54% 2,108.55 -0.35% 15592.6 0.09%
-1.01% 2,112.95 0.21% 15525.4 -0.43%
0.18% 2,186.90 3.50% 15454.95 -0.45%
-0.50% 2,203.50 0.76% 15302.55 -0.99%
-1.24% 2,184.80 -0.85% 14976.7 -2.13%
-1.18% 2,170.80 -0.64% 15107.8 0.88%
-0.68% 2,187.35 0.76% 15046.5 -0.41%
-0.85% 2,187.15 -0.01% 15150.6 0.69%
0.61% 2,091.05 -4.39% 14707.2 -2.93%
-2.87% 2,049.00 -2.01% 14656.45 -0.35%
1.55% 2,058.70 0.47% 14648.35 -0.06%
-1.44% 2,093.95 1.71% 14784.7 0.93%
0.35% 2,080.90 -0.62% 14973.95 1.28%
-1.83% 2,059.15 -1.05% 14856.3 -0.79%
-0.57% 2,079.25 0.98% 14618.35 -1.60%
1.43% 2,072.50 -0.32% 14834.5 1.48%
1.59% 2,074.80 0.11% 15073.25 1.61%
-0.73% 2,085.75 0.53% 15126.6 0.35%
2.70% 2,059.70 -1.25% 15155 0.19%
-0.92% 2,052.95 -0.33% 15064.25 -0.60%
0.18% 2,039.75 -0.64% 15043.25 -0.14%
0.32% 2,053.85 0.69% 14953.1 -0.60%
0.20% 2,039.65 -0.69% 14936.45 -0.11%
-0.99% 1,990.90 -2.39% 14673.15 -1.76%
-1.83% 1,965.90 -1.26% 14300.7 -2.54%
0.53% 1,978.40 0.64% 14461.4 1.12%
0.38% 2,002.95 1.24% 14639.75 1.23%
0.58% 2,020.90 0.90% 14751.45 0.76%
-1.29% 1,974.10 -2.32% 14664.8 -0.59%
0.72% 1,990.10 0.81% 14727.6 0.43%
0.85% 2,003.80 0.69% 14867.85 0.95%
-0.05% 1,995.30 -0.42% 14863.4 -0.03%
0.98% 2,024.90 1.48% 14842.05 -0.14%
1.61% 2,045.45 1.01% 14996.2 1.04%
0.60% 2,037.40 -0.39% 15204.6 1.39%
1.04% 2,019.80 -0.86% 15318.75 0.75%
0.68% 2,020.75 0.05% 15396.4 0.51%
-1.16% 2,010.35 -0.51% 15290.1 -0.69%
1.30% 1,999.75 -0.53% 15348.55 0.38%
-0.86% 1,985.15 -0.73% 15495.55 0.96%
0.29% 1,980.00 -0.26% 15530.55 0.23%
0.34% 1,975.05 -0.25% 15667.9 0.88%
-0.88% 1,979.80 0.24% 15721.05 0.34%
-1.36% 1,979.75 0.00% 15730.4 0.06%
0.59% 1,977.30 -0.12% 15781.25 0.32%
-1.90% 1,975.20 -0.11% 15573.1 -1.32%
-1.67% 1,973.95 -0.06% 15472.5 -0.65%
-0.50% 1,979.55 0.28% 15361.1 -0.72%
0.01% 1,970.30 -0.47% 15180.8 -1.17%
-4.20% 1,945.10 -1.28% 14712.05 -3.09%
1.91% 1,958.10 0.67% 14832.2 0.82%
-1.77% 1,937.75 -1.04% 14679.7 -1.03%
1.71% 1,934.25 -0.18% 14723.25 0.30%
-0.55% 1,930.80 -0.18% 14921.45 1.35%
1.29% 1,928.10 -0.14% 15116.2 1.31%
1.49% 1,940.75 0.66% 15293.35 1.17%
-0.79% 1,912.40 -1.46% 15135.9 -1.03%
-0.22% 1,902.45 -0.52% 15085.45 -0.33%
-2.19% 1,925.50 1.21% 14870.6 -1.42%
-0.10% 1,899.70 -1.34% 14857.05 -0.09%
0.42% 1,898.80 -0.05% 15016.35 1.07%
0.73% 1,885.75 -0.69% 15112.2 0.64%
-1.21% 1,890.45 0.25% 14891.3 -1.46%
-2.53% 1,912.50 1.17% 14400.4 -3.30%
3.27% 1,927.75 0.80% 14805.55 2.81%
0.15% 1,946.30 0.96% 14789.9 -0.11%
0.25% 1,943.00 -0.17% 14772.05 -0.12%
1.68% 1,938.90 -0.21% 14710.7 -0.42%
-1.51% 1,928.25 -0.55% 14597.1 -0.77%
0.06% 1,917.75 -0.54% 14489.05 -0.74%
0.44% 1,902.85 -0.78% 14506.95 0.12%
-6.96% 1,850.95 -2.73% 13775.7 -5.04%
0.92% 1,870.60 1.06% 14187.4 2.99%
0.69% 1,886.10 0.83% 14307.95 0.85%
-1.91% 1,844.05 -2.23% 14199.8 -0.76%
-2.07% 1,854.05 0.54% 14135.95 -0.45%
-1.54% 1,836.75 -0.93% 13893.15 -1.72%
-3.72% 1,826.70 -0.55% 13564.25 -2.37%
1.72% 1,824.40 -0.13% 13706.75 1.05%
2.87% 1,865.90 2.27% 13979.6 1.99%
2.93% 1,918.15 2.80% 14189 1.50%
0.31% 1,952.15 1.77% 14237.15 0.34%
-0.28% 1,935.80 -0.84% 14374.6 0.97%
2.67% 1,927.85 -0.41% 14215.85 -1.10%
1.49% 1,965.15 1.93% 14481.8 1.87%
1.72% 1,940.95 -1.23% 14721.7 1.66%
-3.40% 1,960.40 1.00% 14602.35 -0.81%
0.59% 1,947.00 -0.68% 14724.05 0.83%
-2.10% 1,947.00 0.00% 14695.15 -0.20%
0.15% 1,930.15 -0.87% 14699.35 0.03%
0.67% 1,944.90 0.76% 14651.7 -0.32%
-1.26% 1,910.15 -1.79% 14675.85 0.16%
1.09% 1,898.20 -0.63% 14761.9 0.59%
0.90% 1,947.15 2.58% 14896.9 0.91%
0.89% 1,908.55 -1.98% 14894.5 -0.02%
1.70% 1,922.70 0.74% 15087.3 1.29%
1.51% 1,921.90 -0.04% 15384.2 1.97%
0.22% 1,918.95 -0.15% 15390.5 0.04%
0.40% 1,920.90 0.10% 15327.9 -0.41%
-0.41% 1,892.80 -1.46% 15201.25 -0.83%
1.49% 1,914.80 1.16% 15342.4 0.93%
-0.34% 1,912.55 -0.12% 15325.5 -0.11%
-1.34% 1,914.15 0.08% 15164.7 -1.05%
0.26% 1,895.30 -0.98% 15138.55 -0.17%
-0.72% 1,887.30 -0.42% 14926.05 -1.40%
-2.26% 1,876.75 -0.56% 14726.65 -1.34%
1.44% 1,872.75 -0.21% 14850.3 0.84%
0.31% 1,900.65 1.49% 15053.95 1.37%
0.22% 1,888.50 -0.64% 14894.85 -1.06%
-0.13% 1,871.90 -0.88% 14673 -1.49%
0.55% 1,891.20 1.03% 14898.35 1.54%
-0.26% 1,879.05 -0.64% 14756 -0.96%
1.63% 1,883.05 0.21% 14913.9 1.07%
-1.59% 1,878.45 -0.24% 14783.35 -0.88%
-0.64% 1,869.20 -0.49% 14736.3 -0.32%
-3.67% 1,836.65 -1.74% 14393.35 -2.33%
0.00% 1,847.55 0.59% 14395.5 0.01%
-2.98% 1,830.70 -0.91% 14145.75 -1.73%
-0.36% 1,825.30 -0.29% 13991.75 -1.09%
1.85% 1,812.60 -0.70% 13855.95 -0.97%
-1.95% 1,785.75 -1.48% 13771.8 -0.61%
-0.48% 1,758.55 -1.52% 13465.25 -2.23%
-0.56% 1,764.50 0.34% 13471.5 0.05%
-3.47% 1,759.00 -0.31% 13571.2 0.74%
1.22% 1,773.45 0.82% 13926.05 2.61%
-0.10% 1,781.05 0.43% 13918.2 -0.06%
-2.15% 1,769.35 -0.66% 13550.9 -2.64%
0.54% 1,784.85 0.88% 13895.05 2.54%
-0.67% 1,775.50 -0.52% 13835.8 -0.43%
-2.55% 1,777.00 0.08% 13747.25 -0.64%
-7.21% 1,729.00 -2.70% 13587.75 -1.16%
0.34% 1,730.20 0.07% 13722.55 0.99%
1.27% 1,738.20 0.46% 13873.15 1.10%
5.21% 1,763.55 1.46% 14154.8 2.03%
1.60% 1,843.15 4.51% 14119.6 -0.25%
-2.26% 1,833.95 -0.50% 14082.9 -0.26%
3.57% 1,800.00 -1.85% 14167.95 0.60%
-2.18% 1,795.70 -0.24% 14077.9 -0.64%
-3.12% 1,785.00 -0.60% 14054.1 -0.17%
-1.52% 1,777.55 -0.42% 13935.6 -0.84%
-0.01% 1,783.95 0.36% 13886.9 -0.35%
0.03% 1,782.75 -0.07% 13977.1 0.65%
-0.06% 1,785.80 0.17% 13781.75 -1.40%
-1.49% 1,785.75 0.00% 13416.9 -2.65%
-0.31% 1,769.40 -0.92% 13388.3 -0.21%
0.92% 1,761.80 -0.43% 13380.85 -0.06%
-1.21% 1,745.00 -0.95% 13089.2 -2.18%
-1.38% 1,701.60 -2.49% 12994.75 -0.72%
3.20% 1,744.70 2.53% 12950.75 -0.34%
1.17% 1,723.30 -1.23% 13241.9 2.25%
-0.10% 1,785.70 3.62% 13047.75 -1.47%
1.63% 1,775.05 -0.60% 13178.8 1.00%
-0.05% 1,780.90 0.33% 13322.5 1.09%
0.99% 1,787.80 0.39% 13444.55 0.92%
-2.96% 1,777.20 -0.59% 13464.25 0.15%
-2.30% 1,799.95 1.28% 13417.85 -0.34%
-0.10% 1,885.15 4.73% 13387.55 -0.23%
2.45% 1,877.30 -0.42% 13394.45 0.05%
0.25% 1,873.65 -0.19% 13472.65 0.58%
-1.48% 1,872.80 -0.05% 13461.85 -0.08%
2.96% 1,850.50 -1.19% 13631.3 1.26%
0.19% 1,888.20 2.04% 13765.6 0.99%
-1.35% 1,896.30 0.43% 13828.25 0.46%
1.26% 1,886.65 -0.51% 13886.85 0.42%
-2.08% 1,880.55 -0.32% 13779 -0.78%
1.09% 1,915.60 1.86% 13726.95 -0.38%
-1.14% 1,919.40 0.20% 13702.65 -0.18%
-1.09% 1,920.15 0.04% 13790.2 0.64%
0.37% 1,940.30 1.05% 13984.4 1.41%
0.56% 1,921.90 -0.95% 14051.65 0.48%
-0.13% 1,925.30 0.18% 14164.4 0.80%
2.75% 1,930.10 0.25% 14271.8 0.76%
-0.80% 1,924.75 -0.28% 14336.6 0.45%
0.87% 1,943.95 1.00% 14279.5 -0.40%
-1.43% 1,943.05 -0.05% 14141.45 -0.97%
1.84% 1,976.55 1.72% 14262.55 0.86%
3.41% 1,983.75 0.36% 14469.1 1.45%
1.22% 1,945.00 -1.95% 14665.65 1.36%
0.67% 1,946.75 0.09% 14846.85 1.24%
3.74% 1,950.70 0.20% 14876.6 0.20%
0.75% 1,949.40 -0.07% 14878.05 0.01%
1.47% 1,905.00 -2.28% 14892.45 0.10%
1.01% 1,906.80 0.09% 14900.4 0.05%

0.06% 0.01% 0.10%


15.44% 3.57% 25.92%
1.59% 1.42% 1.05%
25.31% 22.46% 16.66%

0.8733 0.4419 1.0000

Normal Normal
Distribution Distribution
91.37% µ+3σ 70.96% µ+3σ 75.89%
66.06% µ+2σ 48.50% µ+2σ 59.24%
40.75% µ+σ 26.03% µ+σ 42.58%
-9.86% µ-σ -18.89% µ-σ 9.27%
-35.17% µ-2σ -41.35% µ-2σ -7.39%
-60.48% µ-3σ -63.82% µ-3σ -24.05%

20.51% 8.06% 29.25%

Expected Expected Expected


Return % Probability Return % Probability Return %
38.61% 10% 8.93% 10% 64.81%
23.17% 20% 5.36% 20% 38.88%
15.44% 27% 3.57% 27% 25.92%
11.58% 18% 2.68% 18% 19.44%
9.27% 15% 2.14% 15% 15.55%
3.86% 10% 0.89% 10% 6.48%

16.53% 3.82% 27.74%


KANSAINER Nifty 500
Date Close Price Daily Rt % Close Daily Rt %
6-Aug-20 444.2 9169.1
7-Aug-20 459.4 3.42% 9198.65 0.32%
10-Aug-20 473.35 3.04% 9268.55 0.76%
11-Aug-20 480.95 1.61% 9291 0.24%
12-Aug-20 482.95 0.42% 9284.8 -0.07%
13-Aug-20 476.65 -1.30% 9307.85 0.25%
14-Aug-20 474.35 -0.48% 9214.4 -1.00%
17-Aug-20 477.1 0.58% 9267.9 0.58%
18-Aug-20 498.15 4.41% 9382.05 1.23%
19-Aug-20 487.6 -2.12% 9412.55 0.33%
20-Aug-20 484.95 -0.54% 9368.75 -0.47%
21-Aug-20 475.9 -1.87% 9423.55 0.58%
24-Aug-20 472.25 -0.77% 9498.35 0.79%
25-Aug-20 469.75 -0.53% 9509.25 0.11%
26-Aug-20 476.6 1.46% 9567.15 0.61%
27-Aug-20 498.7 4.64% 9580.7 0.14%
28-Aug-20 488.35 -2.08% 9641.05 0.63%
31-Aug-20 477.8 -2.16% 9372.05 -2.79%
1-Sep-20 491.5 2.87% 9442.25 0.75%
2-Sep-20 499.05 1.54% 9518.4 0.81%
3-Sep-20 488.2 -2.17% 9534.65 0.17%
4-Sep-20 485.75 -0.50% 9377.95 -1.64%
7-Sep-20 490 0.87% 9379.1 0.01%
8-Sep-20 485.2 -0.98% 9329.85 -0.53%
9-Sep-20 473.4 -2.43% 9290.2 -0.42%
10-Sep-20 487 2.87% 9420.25 1.40%
11-Sep-20 486.2 -0.16% 9446.4 0.28%
14-Sep-20 518.35 6.61% 9493.3 0.50%
15-Sep-20 518.2 -0.03% 9573.35 0.84%
16-Sep-20 530.2 2.32% 9632.5 0.62%
17-Sep-20 518.45 -2.22% 9566.75 -0.68%
18-Sep-20 510.25 -1.58% 9559.5 -0.08%
21-Sep-20 494.05 -3.17% 9313 -2.58%
22-Sep-20 480.5 -2.74% 9213.9 -1.06%
23-Sep-20 477.95 -0.53% 9194.35 -0.21%
24-Sep-20 479.25 0.27% 8944.75 -2.71%
25-Sep-20 475.7 -0.74% 9156.1 2.36%
28-Sep-20 481.8 1.28% 9330.25 1.90%
29-Sep-20 499.15 3.60% 9319.7 -0.11%
30-Sep-20 500.75 0.32% 9341.75 0.24%
1-Oct-20 490.25 -2.10% 9461.7 1.28%
5-Oct-20 481 -1.89% 9516.3 0.58%
6-Oct-20 485.85 1.01% 9622.35 1.11%
7-Oct-20 480.55 -1.09% 9654.5 0.33%
8-Oct-20 477.4 -0.66% 9711.8 0.59%
9-Oct-20 483.7 1.32% 9750.15 0.39%
12-Oct-20 476.15 -1.56% 9745.35 -0.05%
13-Oct-20 477.4 0.26% 9736.45 -0.09%
14-Oct-20 474.35 -0.64% 9763.4 0.28%
15-Oct-20 476.45 0.44% 9550.05 -2.19%
16-Oct-20 501.9 5.34% 9626.25 0.80%
19-Oct-20 492.3 -1.91% 9709.3 0.86%
20-Oct-20 486.65 -1.15% 9733 0.24%
21-Oct-20 508.65 4.52% 9756.6 0.24%
22-Oct-20 504.75 -0.77% 9745.05 -0.12%
23-Oct-20 516.8 2.39% 9780.35 0.36%
26-Oct-20 500.7 -3.12% 9647.65 -1.36%
27-Oct-20 517.4 3.34% 9748.3 1.04%
28-Oct-20 512.55 -0.94% 9632.35 -1.19%
29-Oct-20 511.6 -0.19% 9593.4 -0.40%
30-Oct-20 514.65 0.60% 9581.65 -0.12%
2-Nov-20 514.15 -0.10% 9595.95 0.15%
3-Nov-20 513.45 -0.14% 9696.3 1.05%
4-Nov-20 507.1 -1.24% 9764.6 0.70%
5-Nov-20 521.35 2.81% 9935.35 1.75%
6-Nov-20 512 -1.79% 10033.5 0.99%
9-Nov-20 526.85 2.90% 10176.35 1.42%
10-Nov-20 524.95 -0.36% 10269 0.91%
11-Nov-20 520.65 -0.82% 10356.5 0.85%
12-Nov-20 509 -2.24% 10342.7 -0.13%
13-Nov-20 505.1 -0.77% 10387.2 0.43%
14-Nov-20 521.4 3.23% 10440.35 0.51%
17-Nov-20 535.55 2.71% 10524 0.80%
18-Nov-20 549.15 2.54% 10588.35 0.61%
19-Nov-20 539.7 -1.72% 10477.5 -1.05%
20-Nov-20 535.95 -0.69% 10560.55 0.79%
23-Nov-20 531.6 -0.81% 10635.95 0.71%
24-Nov-20 539.85 1.55% 10733.6 0.92%
25-Nov-20 522.7 -3.18% 10574.95 -1.48%
26-Nov-20 520.65 -0.39% 10674.05 0.94%
27-Nov-20 541.95 4.09% 10719.05 0.42%
1-Dec-20 547.65 1.05% 10835.15 1.08%
2-Dec-20 541.65 -1.10% 10858.15 0.21%
3-Dec-20 546.25 0.85% 10893.6 0.33%
4-Dec-20 563.8 3.21% 10978.85 0.78%
7-Dec-20 552.45 -2.01% 11070.25 0.83%
8-Dec-20 563.85 2.06% 11088.65 0.17%
9-Dec-20 557.85 -1.06% 11181.2 0.83%
10-Dec-20 556.15 -0.30% 11141.35 -0.36%
11-Dec-20 548.6 -1.36% 11171.4 0.27%
14-Dec-20 549.45 0.15% 11215.25 0.39%
15-Dec-20 550.05 0.11% 11223.9 0.08%
16-Dec-20 550.2 0.03% 11320.1 0.86%
17-Dec-20 555.4 0.95% 11346.35 0.23%
18-Dec-20 556.65 0.23% 11355 0.08%
21-Dec-20 556.85 0.04% 10964.25 -3.44%
22-Dec-20 566 1.64% 11075.75 1.02%
23-Dec-20 568.85 0.50% 11225.55 1.35%
24-Dec-20 561.05 -1.37% 11325.25 0.89%
28-Dec-20 571.8 1.92% 11434.7 0.97%
29-Dec-20 576.6 0.84% 11467 0.28%
30-Dec-20 624.6 8.32% 11509.65 0.37%
31-Dec-20 607.75 -2.70% 11518.3 0.08%
1-Jan-21 634.35 4.38% 11574.85 0.49%
4-Jan-21 620.75 -2.14% 11691.8 1.01%
5-Jan-21 625.45 0.76% 11767 0.64%
6-Jan-21 612.75 -2.03% 11737.9 -0.25%
7-Jan-21 599.7 -2.13% 11766.1 0.24%
8-Jan-21 619.45 3.29% 11925.6 1.36%
11-Jan-21 605.2 -2.30% 12006.5 0.68%
12-Jan-21 600.3 -0.81% 12058.35 0.43%
13-Jan-21 628.65 4.72% 12041.1 -0.14%
14-Jan-21 656.15 4.37% 12069.5 0.24%
15-Jan-21 633.95 -3.38% 11931.2 -1.15%
18-Jan-21 644.6 1.68% 11776.2 -1.30%
19-Jan-21 651.45 1.06% 11981.85 1.75%
20-Jan-21 650 -0.22% 12078.35 0.81%
21-Jan-21 669.05 2.93% 12015.95 -0.52%
22-Jan-21 651.5 -2.62% 11854.5 -1.34%
25-Jan-21 612.6 -5.97% 11743.7 -0.93%
27-Jan-21 574.75 -6.18% 11546.35 -1.68%
28-Jan-21 588.25 2.35% 11442.55 -0.90%
29-Jan-21 548.7 -6.72% 11302.4 -1.22%
1-Feb-21 581.3 5.94% 11770.15 4.14%
2-Feb-21 577.1 -0.72% 12053.25 2.41%
3-Feb-21 579.15 0.36% 12174.05 1.00%
4-Feb-21 584.35 0.90% 12285.85 0.92%
5-Feb-21 585.35 0.17% 12279.85 -0.05%
8-Feb-21 587.6 0.38% 12441.3 1.31%
9-Feb-21 587.35 -0.04% 12434.2 -0.06%
10-Feb-21 586.5 -0.14% 12452.45 0.15%
11-Feb-21 579.6 -1.18% 12514.1 0.50%
12-Feb-21 575.15 -0.77% 12508.55 -0.04%
15-Feb-21 590.7 2.70% 12632.05 0.99%
16-Feb-21 586.65 -0.69% 12647.2 0.12%
17-Feb-21 587.3 0.11% 12597.45 -0.39%
18-Feb-21 586.45 -0.14% 12565.7 -0.25%
19-Feb-21 562.35 -4.11% 12438.8 -1.01%
22-Feb-21 564.5 0.38% 12212.55 -1.82%
23-Feb-21 561.95 -0.45% 12263.7 0.42%
24-Feb-21 566.75 0.85% 12455.2 1.56%
25-Feb-21 573.35 1.16% 12567.85 0.90%
26-Feb-21 558.95 -2.51% 12181.4 -3.07%
1-Mar-21 561.3 0.42% 12368.3 1.53%
2-Mar-21 571.05 1.74% 12519.4 1.22%
3-Mar-21 585.45 2.52% 12764.8 1.96%
4-Mar-21 580.8 -0.79% 12688.85 -0.59%
5-Mar-21 577.8 -0.52% 12539 -1.18%
8-Mar-21 581.95 0.72% 12558.95 0.16%
9-Mar-21 588.95 1.20% 12617.2 0.46%
10-Mar-21 577.35 -1.97% 12691.35 0.59%
12-Mar-21 574 -0.58% 12593.9 -0.77%
15-Mar-21 562.65 -1.98% 12510.15 -0.67%
16-Mar-21 551.9 -1.91% 12512.7 0.02%
17-Mar-21 558.8 1.25% 12319.9 -1.54%
18-Mar-21 539.4 -3.47% 12174.45 -1.18%
19-Mar-21 531.75 -1.42% 12314.5 1.15%
22-Mar-21 543.05 2.13% 12338.6 0.20%
23-Mar-21 553.25 1.88% 12417.3 0.64%
24-Mar-21 555.2 0.35% 12197.2 -1.77%
25-Mar-21 554.35 -0.15% 11993.3 -1.67%
26-Mar-21 568.35 2.53% 12148.9 1.30%
30-Mar-21 591.2 4.02% 12387.9 1.97%
31-Mar-21 601.05 1.67% 12313.7 -0.60%
1-Apr-21 591.85 -1.53% 12479 1.34%
5-Apr-21 588.6 -0.55% 12298.6 -1.45%
6-Apr-21 591.15 0.43% 12358.1 0.48%
7-Apr-21 593.9 0.47% 12481.3 1.00%
8-Apr-21 594.5 0.10% 12541.65 0.48%
9-Apr-21 596 0.25% 12527.4 -0.11%
12-Apr-21 578.15 -2.99% 12024.1 -4.02%
13-Apr-21 578 -0.03% 12186.7 1.35%
15-Apr-21 568.1 -1.71% 12237.6 0.42%
16-Apr-21 572.5 0.77% 12298.05 0.49%
19-Apr-21 541.1 -5.48% 12076.45 -1.80%
20-Apr-21 548.4 1.35% 12055.4 -0.17%
22-Apr-21 545.45 -0.54% 12132.05 0.64%
23-Apr-21 549.9 0.82% 12105.6 -0.22%
26-Apr-21 553.7 0.69% 12216.85 0.92%
27-Apr-21 555.5 0.33% 12362.55 1.19%
28-Apr-21 563.95 1.52% 12517.95 1.26%
29-Apr-21 569.6 1.00% 12532.8 0.12%
30-Apr-21 555.75 -2.43% 12364.35 -1.34%
3-May-21 561.75 1.08% 12395.25 0.25%
4-May-21 571 1.65% 12300.45 -0.76%
5-May-21 592.15 3.70% 12413 0.92%
6-May-21 592.75 0.10% 12501.9 0.72%
7-May-21 591.25 -0.25% 12563.1 0.49%
10-May-21 566.15 -4.25% 12669.9 0.85%
11-May-21 553.4 -2.25% 12642.25 -0.22%
12-May-21 559.35 1.08% 12537.95 -0.83%
14-May-21 556.65 -0.48% 12472.15 -0.52%
17-May-21 556.85 0.04% 12672.1 1.60%
18-May-21 556.2 -0.12% 12839.1 1.32%
19-May-21 561.95 1.03% 12809 -0.23%
20-May-21 558 -0.70% 12736.45 -0.57%
21-May-21 559.2 0.22% 12917.85 1.42%
24-May-21 565.55 1.14% 12962.45 0.35%
25-May-21 574.7 1.62% 12963 0.00%
26-May-21 582.3 1.32% 13022.2 0.46%
27-May-21 588.7 1.10% 13066.25 0.34%
28-May-21 572.3 -2.79% 13117.05 0.39%
31-May-21 571.85 -0.08% 13226.35 0.83%
1-Jun-21 576.1 0.74% 13210.4 -0.12%
2-Jun-21 581.85 1.00% 13274.25 0.48%
3-Jun-21 575.2 -1.14% 13380.5 0.80%
4-Jun-21 579.65 0.77% 13393.9 0.10%
7-Jun-21 589.35 1.67% 13479.65 0.64%
8-Jun-21 591.1 0.30% 13496.55 0.13%
9-Jun-21 589.4 -0.29% 13396.4 -0.74%
10-Jun-21 580.7 -1.48% 13517.2 0.90%
11-Jun-21 582.8 0.36% 13563.85 0.35%
14-Jun-21 575.7 -1.22% 13554.15 -0.07%
15-Jun-21 582.85 1.24% 13607.8 0.40%
16-Jun-21 578.25 -0.79% 13510.6 -0.71%
17-Jun-21 567.65 -1.83% 13425.15 -0.63%
18-Jun-21 574.4 1.19% 13386.55 -0.29%
21-Jun-21 576.65 0.39% 13456.1 0.52%
22-Jun-21 581.2 0.79% 13491.1 0.26%
23-Jun-21 584.55 0.58% 13423.35 -0.50%
24-Jun-21 589.95 0.92% 13468.25 0.33%
25-Jun-21 589.15 -0.14% 13539.4 0.53%
28-Jun-21 588.8 -0.06% 13533.05 -0.05%
29-Jun-21 584.3 -0.76% 13481.95 -0.38%
30-Jun-21 575.2 -1.56% 13473.55 -0.06%
1-Jul-21 572.15 -0.53% 13454.1 -0.14%
2-Jul-21 587.2 2.63% 13494.45 0.30%
5-Jul-21 595.15 1.35% 13585.75 0.68%
6-Jul-21 613.5 3.08% 13574.15 -0.09%
7-Jul-21 607.15 -1.04% 13631 0.42%
8-Jul-21 600.05 -1.17% 13532.7 -0.72%
9-Jul-21 602.75 0.45% 13527.95 -0.04%
12-Jul-21 602.25 -0.08% 13549 0.16%
13-Jul-21 602 -0.04% 13628.85 0.59%
14-Jul-21 600.2 -0.30% 13661.1 0.24%
15-Jul-21 600.25 0.01% 13720.35 0.43%
16-Jul-21 599.9 -0.06% 13742.35 0.16%
19-Jul-21 600.75 0.14% 13619.85 -0.89%
20-Jul-21 618.2 2.90% 13495.6 -0.91%
22-Jul-21 624.75 1.06% 13670.2 1.29%
23-Jul-21 624.05 -0.11% 13687 0.12%
26-Jul-21 617.95 -0.98% 13675.1 -0.09%
27-Jul-21 615.55 -0.39% 13610.3 -0.47%
28-Jul-21 609.95 -0.91% 13579.15 -0.23%
29-Jul-21 619.85 1.62% 13643.75 0.48%
30-Jul-21 625.95 0.98% 13664.25 0.15%
2-Aug-21 629.2 0.52% 13783.7 0.87%
3-Aug-21 635.2 0.95% 13939.2 1.13%
4-Aug-21 632.55 -0.42% 13969.35 0.22%
5-Aug-21 637.85 0.84% 13981.55 0.09%
6-Aug-21 636.5 -0.21% 13954.65 -0.19%
9-Aug-21 635.75 -0.12% 13935.05 -0.14%
10-Aug-21 624.45 -1.78% 13892.75 -0.30%
11-Aug-21 616.2 -1.32% 13876.55 -0.12%
12-Aug-21 625.25 1.47% 13971.95 0.69%
13-Aug-21 628.1 0.46% 14065.3 0.67%
16-Aug-21 628.85 0.12% 14070.8 0.04%
17-Aug-21 633.3 0.71% 14113.1 0.30%
18-Aug-21 634.7 0.22% 14095.55 -0.12%
20-Aug-21 625.5 -1.45% 13943.95 -1.08%
23-Aug-21 637.1 1.85% 13930.55 -0.10%
24-Aug-21 631.2 -0.93% 14063.25 0.95%
25-Aug-21 641.2 1.58% 14093.6 0.22%
26-Aug-21 626.95 -2.22% 14106.95 0.09%
27-Aug-21 622.15 -0.77% 14192.5 0.61%
30-Aug-21 619.35 -0.45% 14397.9 1.45%
31-Aug-21 619.55 0.03% 14555.9 1.10%
1-Sep-21 622.5 0.48% 14551.35 -0.03%
2-Sep-21 619.45 -0.49% 14684.35 0.91%
3-Sep-21 619.55 0.02% 14759.3 0.51%
6-Sep-21 625.8 1.01% 14805.85 0.32%
7-Sep-21 621.45 -0.70% 14784.25 -0.15%
8-Sep-21 615.5 -0.96% 14803.6 0.13%
9-Sep-21 611.2 -0.70% 14836.45 0.22%
13-Sep-21 603.95 -1.19% 14852.2 0.11%
14-Sep-21 613.1 1.52% 14904.35 0.35%
15-Sep-21 625.5 2.02% 15020.55 0.78%
16-Sep-21 623.6 -0.30% 15104.9 0.56%
17-Sep-21 613.95 -1.55% 15027.25 -0.51%
20-Sep-21 615.1 0.19% 14826.75 -1.33%
21-Sep-21 619.9 0.78% 14946.3 0.81%
22-Sep-21 618.8 -0.18% 14990.55 0.30%
23-Sep-21 625.05 1.01% 15205.45 1.43%
24-Sep-21 628.65 0.58% 15191.95 -0.09%
27-Sep-21 633.25 0.73% 15189.05 -0.02%
28-Sep-21 635.85 0.41% 15095.6 -0.62%
29-Sep-21 634.45 -0.22% 15086.95 -0.06%
30-Sep-21 633.25 -0.19% 15052.65 -0.23%
1-Oct-21 637.15 0.62% 15013.95 -0.26%
4-Oct-21 632.1 -0.79% 15181.15 1.11%
5-Oct-21 651.35 3.05% 15280.1 0.65%
6-Oct-21 645.8 -0.85% 15134.55 -0.95%
7-Oct-21 640.25 -0.86% 15290.15 1.03%
8-Oct-21 631.7 -1.34% 15365.2 0.49%
11-Oct-21 606.55 -3.98% 15428 0.41%
12-Oct-21 619.15 2.08% 15481.9 0.35%
13-Oct-21 598.4 -3.35% 15631.4 0.97%
14-Oct-21 607.2 1.47% 15769.25 0.88%
18-Oct-21 596.9 -1.70% 15886.15 0.74%
19-Oct-21 574.95 -3.68% 15757.85 -0.81%
20-Oct-21 576.6 0.29% 15568.65 -1.20%
21-Oct-21 558.5 -3.14% 15487.65 -0.52%
22-Oct-21 549.85 -1.55% 15399.7 -0.57%
25-Oct-21 543.1 -1.23% 15334.35 -0.42%
26-Oct-21 568.2 4.62% 15499.65 1.08%
27-Oct-21 560 -1.44% 15484.35 -0.10%
28-Oct-21 548.55 -2.04% 15190.85 -1.90%
29-Oct-21 545.05 -0.64% 15086.9 -0.68%
1-Nov-21 552.85 1.43% 15302.7 1.43%
2-Nov-21 568.9 2.90% 15314.65 0.08%
3-Nov-21 570 0.19% 15282.75 -0.21%
4-Nov-21 574.85 0.85% 15376.9 0.62%
8-Nov-21 597.35 3.91% 15520.15 0.93%
9-Nov-21 601.65 0.72% 15541.95 0.14%
10-Nov-21 594.65 -1.16% 15521.1 -0.13%
11-Nov-21 579.65 -2.52% 15411.1 -0.71%
12-Nov-21 596.55 2.92% 15579 1.09%
15-Nov-21 617.6 3.53% 15592.6 0.09%
16-Nov-21 619.4 0.29% 15525.4 -0.43%
17-Nov-21 615.35 -0.65% 15454.95 -0.45%
18-Nov-21 590.9 -3.97% 15302.55 -0.99%
22-Nov-21 589.95 -0.16% 14976.7 -2.13%
23-Nov-21 589.9 -0.01% 15107.8 0.88%
24-Nov-21 588.15 -0.30% 15046.5 -0.41%
25-Nov-21 589.6 0.25% 15150.6 0.69%
26-Nov-21 579.9 -1.65% 14707.2 -2.93%
29-Nov-21 569.75 -1.75% 14656.45 -0.35%
30-Nov-21 596.25 4.65% 14648.35 -0.06%
1-Dec-21 595.05 -0.20% 14784.7 0.93%
2-Dec-21 599.95 0.82% 14973.95 1.28%
3-Dec-21 594.85 -0.85% 14856.3 -0.79%
6-Dec-21 596.35 0.25% 14618.35 -1.60%
7-Dec-21 580.9 -2.59% 14834.5 1.48%
8-Dec-21 585.8 0.84% 15073.25 1.61%
9-Dec-21 591.4 0.96% 15126.6 0.35%
10-Dec-21 597.05 0.96% 15155 0.19%
13-Dec-21 595.5 -0.26% 15064.25 -0.60%
14-Dec-21 587.9 -1.28% 15043.25 -0.14%
15-Dec-21 589.1 0.20% 14953.1 -0.60%
16-Dec-21 582.7 -1.09% 14936.45 -0.11%
17-Dec-21 589.85 1.23% 14673.15 -1.76%
20-Dec-21 587.95 -0.32% 14300.7 -2.54%
21-Dec-21 591.4 0.59% 14461.4 1.12%
22-Dec-21 589.75 -0.28% 14639.75 1.23%
23-Dec-21 584.05 -0.97% 14751.45 0.76%
24-Dec-21 575.8 -1.41% 14664.8 -0.59%
27-Dec-21 568.3 -1.30% 14727.6 0.43%
28-Dec-21 563.4 -0.86% 14867.85 0.95%
29-Dec-21 573.1 1.72% 14863.4 -0.03%
30-Dec-21 581.5 1.47% 14842.05 -0.14%
31-Dec-21 591.2 1.67% 14996.2 1.04%
3-Jan-22 593.8 0.44% 15204.6 1.39%
4-Jan-22 591.9 -0.32% 15318.75 0.75%
5-Jan-22 597.25 0.90% 15396.4 0.51%
6-Jan-22 592.05 -0.87% 15290.1 -0.69%
7-Jan-22 597.9 0.99% 15348.55 0.38%
10-Jan-22 595.25 -0.44% 15495.55 0.96%
11-Jan-22 600.65 0.91% 15530.55 0.23%
12-Jan-22 613.3 2.11% 15667.9 0.88%
13-Jan-22 616.75 0.56% 15721.05 0.34%
14-Jan-22 610.4 -1.03% 15730.4 0.06%
17-Jan-22 606.35 -0.66% 15781.25 0.32%
18-Jan-22 602.2 -0.68% 15573.1 -1.32%
19-Jan-22 595.5 -1.11% 15472.5 -0.65%
20-Jan-22 592.15 -0.56% 15361.1 -0.72%
21-Jan-22 575.7 -2.78% 15180.8 -1.17%
24-Jan-22 573.05 -0.46% 14712.05 -3.09%
25-Jan-22 575.2 0.38% 14832.2 0.82%
27-Jan-22 569.65 -0.96% 14679.7 -1.03%
28-Jan-22 570.4 0.13% 14723.25 0.30%
31-Jan-22 567 -0.60% 14921.45 1.35%
1-Feb-22 559.35 -1.35% 15116.2 1.31%
2-Feb-22 555.55 -0.68% 15293.35 1.17%
3-Feb-22 555.3 -0.05% 15135.9 -1.03%
4-Feb-22 540.7 -2.63% 15085.45 -0.33%
7-Feb-22 534.35 -1.17% 14870.6 -1.42%
8-Feb-22 518.7 -2.93% 14857.05 -0.09%
9-Feb-22 510.1 -1.66% 15016.35 1.07%
10-Feb-22 509.05 -0.21% 15112.2 0.64%
11-Feb-22 497.5 -2.27% 14891.3 -1.46%
14-Feb-22 486.95 -2.12% 14400.4 -3.30%
15-Feb-22 493.45 1.33% 14805.55 2.81%
16-Feb-22 492.8 -0.13% 14789.9 -0.11%
17-Feb-22 494.75 0.40% 14772.05 -0.12%
18-Feb-22 494.65 -0.02% 14710.7 -0.42%
21-Feb-22 491.75 -0.59% 14597.1 -0.77%
22-Feb-22 479.7 -2.45% 14489.05 -0.74%
23-Feb-22 464.1 -3.25% 14506.95 0.12%
24-Feb-22 453.4 -2.31% 13775.7 -5.04%
25-Feb-22 450.85 -0.56% 14187.4 2.99%
28-Feb-22 454.65 0.84% 14307.95 0.85%
2-Mar-22 438.1 -3.64% 14199.8 -0.76%
3-Mar-22 446.9 2.01% 14135.95 -0.45%
4-Mar-22 445 -0.43% 13893.15 -1.72%
7-Mar-22 430.8 -3.19% 13564.25 -2.37%
8-Mar-22 432.3 0.35% 13706.75 1.05%
9-Mar-22 444.55 2.83% 13979.6 1.99%
10-Mar-22 451.65 1.60% 14189 1.50%
11-Mar-22 450.1 -0.34% 14237.15 0.34%
14-Mar-22 448.65 -0.32% 14374.6 0.97%
15-Mar-22 458.05 2.10% 14215.85 -1.10%
16-Mar-22 448.6 -2.06% 14481.8 1.87%
17-Mar-22 475.85 6.07% 14721.7 1.66%
21-Mar-22 472.15 -0.78% 14602.35 -0.81%
22-Mar-22 458.1 -2.98% 14724.05 0.83%
23-Mar-22 459.55 0.32% 14695.15 -0.20%
24-Mar-22 457.35 -0.48% 14699.35 0.03%
25-Mar-22 454.25 -0.68% 14651.7 -0.32%
28-Mar-22 445.35 -1.96% 14675.85 0.16%
29-Mar-22 447.8 0.55% 14761.9 0.59%
30-Mar-22 449.95 0.48% 14896.9 0.91%
31-Mar-22 467.75 3.96% 14894.5 -0.02%
1-Apr-22 469.8 0.44% 15087.3 1.29%
4-Apr-22 462.2 -1.62% 15384.2 1.97%
5-Apr-22 468.05 1.27% 15390.5 0.04%
6-Apr-22 458.85 -1.97% 15327.9 -0.41%
7-Apr-22 462.35 0.76% 15201.25 -0.83%
8-Apr-22 464.2 0.40% 15342.4 0.93%
11-Apr-22 468.3 0.88% 15325.5 -0.11%
12-Apr-22 467.95 -0.07% 15164.7 -1.05%
13-Apr-22 465.05 -0.62% 15138.55 -0.17%
18-Apr-22 468.7 0.78% 14926.05 -1.40%
19-Apr-22 473.05 0.93% 14726.65 -1.34%
20-Apr-22 471.6 -0.31% 14850.3 0.84%
21-Apr-22 473.65 0.43% 15053.95 1.37%
22-Apr-22 469.8 -0.81% 14894.85 -1.06%
25-Apr-22 469.05 -0.16% 14673 -1.49%
26-Apr-22 469.1 0.01% 14898.35 1.54%
27-Apr-22 471.5 0.51% 14756 -0.96%
28-Apr-22 467.85 -0.77% 14913.9 1.07%
29-Apr-22 469.55 0.36% 14783.35 -0.88%
2-May-22 464.75 -1.02% 14736.3 -0.32%
4-May-22 457.95 -1.46% 14393.35 -2.33%
5-May-22 450.95 -1.53% 14395.5 0.01%
6-May-22 451.3 0.08% 14145.75 -1.73%
9-May-22 438.45 -2.85% 13991.75 -1.09%
10-May-22 431.1 -1.68% 13855.95 -0.97%
11-May-22 411.8 -4.48% 13771.8 -0.61%
12-May-22 398.05 -3.34% 13465.25 -2.23%
13-May-22 398.1 0.01% 13471.5 0.05%
16-May-22 404.85 1.70% 13571.2 0.74%
17-May-22 403.9 -0.23% 13926.05 2.61%
18-May-22 399.15 -1.18% 13918.2 -0.06%
19-May-22 400.6 0.36% 13550.9 -2.64%
20-May-22 398.7 -0.47% 13895.05 2.54%
23-May-22 403.9 1.30% 13835.8 -0.43%
24-May-22 410.85 1.72% 13747.25 -0.64%
25-May-22 408.3 -0.62% 13587.75 -1.16%
26-May-22 404.75 -0.87% 13722.55 0.99%
27-May-22 404.85 0.02% 13873.15 1.10%
30-May-22 404.25 -0.15% 14154.8 2.03%
31-May-22 400.2 -1.00% 14119.6 -0.25%
1-Jun-22 402.95 0.69% 14082.9 -0.26%
2-Jun-22 412.2 2.30% 14167.95 0.60%
3-Jun-22 412.85 0.16% 14077.9 -0.64%
6-Jun-22 413.3 0.11% 14054.1 -0.17%
7-Jun-22 408.3 -1.21% 13935.6 -0.84%
8-Jun-22 401.75 -1.60% 13886.9 -0.35%
9-Jun-22 399.95 -0.45% 13977.1 0.65%
10-Jun-22 399.1 -0.21% 13781.75 -1.40%
13-Jun-22 390.3 -2.20% 13416.9 -2.65%
14-Jun-22 396.25 1.52% 13388.3 -0.21%
15-Jun-22 399.5 0.82% 13380.85 -0.06%
16-Jun-22 386.95 -3.14% 13089.2 -2.18%
17-Jun-22 370.85 -4.16% 12994.75 -0.72%
20-Jun-22 382.05 3.02% 12950.75 -0.34%
21-Jun-22 374.55 -1.96% 13241.9 2.25%
22-Jun-22 360.85 -3.66% 13047.75 -1.47%
23-Jun-22 369.3 2.34% 13178.8 1.00%
24-Jun-22 373.2 1.06% 13322.5 1.09%
27-Jun-22 377.9 1.26% 13444.55 0.92%
28-Jun-22 376.2 -0.45% 13464.25 0.15%
29-Jun-22 371.2 -1.33% 13417.85 -0.34%
30-Jun-22 370.5 -0.19% 13387.55 -0.23%
1-Jul-22 372.45 0.53% 13394.45 0.05%
4-Jul-22 370.35 -0.56% 13472.65 0.58%
5-Jul-22 367.55 -0.76% 13461.85 -0.08%
6-Jul-22 399.65 8.73% 13631.3 1.26%
7-Jul-22 395.7 -0.99% 13765.6 0.99%
8-Jul-22 390.85 -1.23% 13828.25 0.46%
11-Jul-22 398.15 1.87% 13886.85 0.42%
12-Jul-22 393.6 -1.14% 13779 -0.78%
13-Jul-22 383.65 -2.53% 13726.95 -0.38%
14-Jul-22 387.85 1.09% 13702.65 -0.18%
15-Jul-22 391.5 0.94% 13790.2 0.64%
18-Jul-22 393.8 0.59% 13984.4 1.41%
19-Jul-22 394.85 0.27% 14051.65 0.48%
20-Jul-22 396.2 0.34% 14164.4 0.80%
21-Jul-22 394.85 -0.34% 14271.8 0.76%
22-Jul-22 402.15 1.85% 14336.6 0.45%
25-Jul-22 402.8 0.16% 14279.5 -0.40%
26-Jul-22 399.7 -0.77% 14141.45 -0.97%
27-Jul-22 399.65 -0.01% 14262.55 0.86%
28-Jul-22 404.9 1.31% 14469.1 1.45%
29-Jul-22 400 -1.21% 14665.65 1.36%
1-Aug-22 431.55 7.89% 14846.85 1.24%
2-Aug-22 508.3 17.78% 14876.6 0.20%
3-Aug-22 501.35 -1.37% 14878.05 0.01%
4-Aug-22 500 -0.27% 14892.45 0.10%
5-Aug-22 501.45 0.29% 14900.4 0.05%

Daily Rt % 0.05% 0.10%


Annual Rt% (µ) 11.50% 25.92%
Daily SD 2.09% 1.05%
Annual SD (σ) 33.16% 16.66%

Beta 0.6440 1.0000

2.1 http://www.worldgovernmentbonds.com/bond-historical-data/i
Beta Kansainer0.644038509
Rm (Market Return) 25.92%
Rf (Risk Free Return) 7.37%
Rm-Rf (Market Risk
Premium) 18.55%

R Kansainer 19.32%

2.2
Total Debt 0
Crisil Rating AAA
Spread 0.24%
Gilt 5 Year Rate 7.48%
Pre Tax Cost of Debt 7.72%
Tax Rate 26.00%
After Tax Kd 5.71%

2.3
R Kansainer 19.32%
Kansianer is a debt free company so, K equity = K unlevered
Kequity 19.32%

Equity Share Capital 53.89 Crores


Face Value 1

No Of CS outstanding 53.89 Crores

Share Price 467.75 as on 31-Mar-22, Cell B414

Market Capitalization 25207.0475 Crores as on 31-Mar-22

Non Current Lease Liabili 85.93

Total Lease Liabilities 85.93

Finance (Interest) Cost 9.87

Interest % 11.49%

KANSAINER Mrk Value Pre Tax


Book Value Market Value Weightage % Cost
Equity Share Capital 53.89 25207.05 85.71% 19.32%
Other Equity 4117.04 4117.04 14.00% 19.32%
Lease Liabilities 85.93 85.93 0.29% 11.49%
Total 4256.86 29410.02 100.00%

Tax rate 26% WACC


Kansai Nerolac Present Production Capacity: 583 MLPA (Million Litres Per Annum) to increase
it by 1.5 times New Additional Capacity would be 292 MLPA Total Capacity: 875 MLPA
Recently Grasim Industries CAPEX for setting Up 1332 MLPA capacity was 10000
Crores. On similar lines One MLPA Capex would be 7.51 INR crores approx.
For nerolac additional capacity of 292
MLPA CAPEX would be 2192 INR crores
Reference:
Kansai Nerolac Present Production Capacity: 583 MLPA (Million Litres Per Annum) to increase
it by 1.5 times New Additional Capacity would be 292 MLPA Total Capacity: 875 MLPA
Recently Grasim Industries CAPEX for setting Up 1332 MLPA capacity was 10000
Crores. On similar lines One MLPA Capex would be 7.51 INR crores approx.
For nerolac additional capacity of 292
MLPA CAPEX would be 2192 INR crores
Reference:
https://retail.economictimes.indiatimes.com/news/home-and-decor/paints/grasim-industries-
doubles-capex-to-rs-10000-crore-to-set-up-paints-business/91777959

Additional Investment 2192 Crores 100% Equity


KANSAINER Mrk Value Pre Tax
Book Value Market Value Weightage % Cost
Equity Share Capital 53.89 25207.05 79.76% 19.32%
Other Equity 6309.04 6309.04 19.96% 19.32%
Lease Liabilities 85.93 85.93 0.27% 11.49%
Total 6448.86 31602.02 100.00%

Tax rate 30% WACC

Additional Investment 2192 Crores 50% equity + 50% Debt


KANSAINER Mrk Value Pre Tax
Book Value Market Value Weightage % Cost
Equity Share Capital 53.89 25207.05 79.76% 19.32%
Other Equity 5213.04 5213.04 16.50% 19.32%
Debt 1096.00 1096.00 3.47% 7.72%
Lease Liabilities 85.93 85.93 0.27% 11.49%
Total 6448.86 31602.02 100.00%

Tax rate 30% WACC

Additional Investment 2192 Crores 25% equity + 75% Debt


KANSAINER Mrk Value Pre Tax
Book Value Market Value Weightage % Cost
Equity Share Capital 53.89 25207.05 79.71% 19.32%
Other Equity 4665.04 4665.04 14.75% 19.32%
Debt 1644.00 1644.00 5.20% 7.72%
Lease Liabilities 108.88 108.88 0.34% 11.49%
Total 6471.81 31624.97 100.00%

Tax rate 30% WACC

Additional Investment 2192 Crores 100% Debt


KANSAINER Mrk Value Pre Tax
Book Value Market Value Weightage % Cost
Equity Share Capital 53.89 25207.05 79.71% 19.32%
Other Equity 4117.04 4117.04 13.02% 19.32%
Debt 2192.00 2192.00 6.93% 7.72%
Lease Liabilities 108.88 108.88 0.34% 11.49%
Total 6471.81 31624.97 100.00%

Tax rate 30% WACC


Post tax
Cost
19.32%
19.32%
8.50%

19.2872%
Annum) to increase
acity: 875 MLPA
was 10000
prox. 874.5
apacity of 292
Annum) to increase
acity: 875 MLPA
was 10000
prox.
apacity of 292

asim-industries-

Post tax
Cost
19.32%
19.32%
8.04%

19.2882%

Post tax
Cost
19.32%
19.32%
5.40%
8.04%

18.8056%

Post tax
Cost
19.32%
19.32%
5.40%
8.04%
18.5567%

Post tax
Cost
19.32%
19.32%
5.40%
8.04%

18.3155%
7.507508

2192.192
KANSAINER Balance Sheet
Date:

Assets 2023 2022


Current Assets
5,163.31 2,971.31 2192
Total current assets 5,163.31 2,971.31
Fixed (Long-Term) Assets
2,424.41 2,424.41
Total fixed assets 2,424.41 2,424.41
Other Assets
Deferred income tax
Other
Total Other Assets - -

Total Assets 7,587.72 5,395.72

Liabilities and Owner's Equity


Current Liabilities
1,021.04 1,021.04
Total current liabilities 1,021.04 1,021.04
Long-Term Liabilities
Long-term debt 2,192.00
Lease Liabilities 85.93 85.93
Other 117.82 117.82 117.82
Total long-term liabilities 2,395.75 203.75
Owner's Equity
Equity Share Capital 53.89 53.89
Other Equity 4,117.04 4,117.04
Other
Total owner's equity 4,170.93 4,170.93

Total Liabilities and Owner's Equity 7,587.72 5,395.72


{42}

Sales Sales 9603


Expenses Expenses 8567 169.2224
Operating POperating Profit 1036
OPM% OPM%
Interest Interest 169 2192
DepreciatioDepreciation 240
Profit BeforProfit Before Tax 627
Tax% Tax% 30%
Net Profit Net Profit 439
PATM% PATM%
EPS EPS 8.14
CS OutstanCS Outstanding 53.89
Year Total Revenue #
Cost of Employee Other Finance Costs Depreciation Exceptional Tax
Materials/ Benefits Expenses and Amortisation Item Expense
Products Expenses Expenses

2007-2008 1344.60 837.32 69.13 226.75 1.41 39.60 — 50.60

2008-2009 1396.71 899.58 73.30 244.20 1.84 37.61 — 41.60

2009-2010 1726.77 1071.82 75.05 295.83 1.20 44.26 — 73.11

2010-2011 2187.56 1400.25 91.64 356.34 0.84 49.36 — 83.15

2011-2012 2624.84 1740.41 106.94 415.91 0.09 56.35 — 89.24

2012-2013 2872.94 1942.62 118.14 459.76 0.02 47.11 — 90.80 &

2013-2014 3174.35 2133.95 135.88 532.10 0.45 64.98 — 100.42

2014-2015 3570.85 2364.44 143.30 596.50 0.02 67.69 — 127.23

2015-2016 3765.88 2348.36 170.11 640.08 — 67.72 — 176.10

2016-2017 4097.29 2342.95 198.12 727.31 — 69.49 — 253.48

2017-2018 4658.99 2774.07 226.56 796.17 — 75.79 — 270.00


2018-2019 5235.50 3302.53 255.38 873.71 — 90.47 — 246.06

2019-2020 4970.03 3057.62 269.38 834.55 5.00 119.88 — 148.20

2020-2021 4809.75 2957.44 268.62 701.31 8.48 149.01 10.82 183.47

2021-2022 5981.76 4129.26 312.37 859.93 9.87 153.82 11.39 130.79

Total

# Net of Rebates & Excise Duty upto 2014-2015, From 2015-2016, net of Rebates
^ Re-calculated consequent to the Bonus Issue of 1:1 2010-2011.
** On enhanced Share capital consequent to the Bonus Issue in 2010-2011.
+ Consequent to the Bonus Issue in 2010-2011. & Before Exceptional Items (N
$ Re-calculated consequent to the subdivision of Equity Share of face value of ₹ 1
~ Consequent to the subdivision of Equity Share.
^^ Includes Special Dividend of ₹ 1.25 per share.
€ The dividend proposed by the Directors is subject to approval of shareholders at
* Includes Interim Dividend ₹ 1.25 per share paid on 27th November 2020 and Sp
Includes Interim Dividend ₹ 1.25 per share paid on 22nd November 2021 for FY 2021-
Figures pertaining to 31 March, 2021 have been recast to give effect of merger of Marp
Company.
Figures from financial year 2015-2016 are Ind AS compliant.

Existing Policy
Profit after Dividend
Tax
Dividend
per Share (`)
Earnings
per
Net
Worth
Div in % of PAT Div in % of PAT( Excluding
Share per Special Dividends)
(`) Share
(`)

119.79 32.34 12.00 44.46 220.33


27.00% 27.00%
98.58 32.34 12.00 36.59 242.87
32.81% 32.81%
165.50 40.42 15.00 30.71 ^ 286.80
24.42% 24.42%
205.98 53.89 10.00 ** 38.22 170.00 +

26.16% 26.16%
215.90 59.28 11.00 40.06 197.28
27.46% 27.46%

27.64% 27.64%
214.49 59.28 11.00 39.80 224.21
& &

206.57 59.28 1.10 ~ 3.83 26.41 $ $

28.70% 28.70%
271.67 75.45 1.40 ~ 5.04 $
29.63 $

27.77% 27.77%
363.51 164.37 3.05 ^^ 6.65 &
46.44 45.22% 26.69%
505.94 161.67 € 3.00 €
9.39 52.06
31.95% #VALUE!
516.40 140.12 €
2.60 €
9.58 57.99 27.13% #VALUE!
467.35 140.12 € 2.60 €
8.67 63.55
29.98% #VALUE!
535.40 169.76 € 3.15 €
9.94 70.00
31.71% #VALUE!
530.60 282.93 5.25 * €
9.85 75.65 53.32% 33.01%
374.33
121.25 2.25 * 6.95 77.40
32.39% 32.39%

31.58% 28.99%

015-2016, net of Rebates and Discounts.


010-2011.
ssue in 2010-2011.
efore Exceptional Items (Net of Tax).
Share of face value of ₹ 10 each to 10 (ten) equity shares of ₹ 1 each.

pproval of shareholders at the annual general meeting. The proposed dividend have not been recognised as liabilities
h November 2020 and Special Dividend of ₹ 2.00 per share for FY 2020-2021.
vember 2021 for FY 2021-2022.
ve effect of merger of Marpol Private Limited and Perma Construction Aids Private Limited with
No of Shares

2.70
2.70
2.69
5.39
5.39

5.39 2012-13

53.89 2013-14
53.89
53.89
53.89
#VALUE!
#VALUE!
#VALUE!
53.89
53.89

cognised as liabilities.

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