Date Closing Price Daily Return

Mar 04, 2022 331.75

Mar 03, 2022 340.8 0.027
Mar 02, 2022 341.75 0.003 Daily Volatility
Feb 28, 2022 346.85 0.015 Annual Volatility
Feb 25, 2022 344.1 -0.008
Feb 24, 2022 334.3 -0.029
Feb 23, 2022 361.1 0.077
Feb 22, 2022 360.4 -0.002
Feb 21, 2022 370.55 0.028
Feb 18, 2022 377.95 0.020
Feb 17, 2022 380.4 0.006
Feb 16, 2022 386.8 0.017
Feb 15, 2022 383.75 -0.008
Feb 14, 2022 380.65 -0.008
Feb 11, 2022 392.85 0.032
Feb 10, 2022 389.9 -0.008
Feb 09, 2022 387.1 -0.007
Feb 08, 2022  392.1 0.013
Feb 07, 2022 394.1 0.005
Feb 04, 2022 396.65 0.006
Feb 03, 2022 401.15 0.011
Feb 02, 2022 407.45 0.016
Feb 01, 2022 399 -0.021
Jan 31, 2022 392.8 -0.016
Jan 28, 2022 394.6 0.005
Jan 27, 2022 393 -0.004
Jan 25, 2022 399.3 0.016
Jan 24, 2022 396.45 -0.007
Jan 21, 2022 425.1 0.070
Jan 20, 2022 435.3 0.024
Jan 19, 2022 438.6 0.008
Jan 18, 2022 453.35 0.033
Jan 17, 2022 454.8 0.003
Jan 14, 2022 461.45 0.015
Jan 13, 2022 463.55 0.005
Jan 12, 2022 458.35 -0.011
Jan 11, 2022 463.5 0.011
Jan 10, 2022 468.6 0.011
Jan 07, 2022 468.3 -0.001
Jan 06, 2022 464.55 -0.008
Jan 05, 2022 461.3 -0.007
Jan 04, 2022 469.85 0.018
Jan 03, 2022 474.8 0.010
Dec 31, 2021 470.4 -0.009
Dec 30, 2021 466.25 -0.009
Dec 29, 2021 479 0.027
Dec 28, 2021 478.95 0.000
Dec 27, 2021 483.9 0.010
Dec 24, 2021 494.25 0.021
Dec 23, 2021 499.5 0.011
Dec 22, 2021 497.65 -0.004
Dec 21, 2021 493.5 -0.008
Dec 20, 2021 481.9 -0.024
Dec 17, 2021 493.65 0.024
Dec 16, 2021 497.5 0.008
Dec 15, 2021 496.35 -0.002
Dec 14, 2021 510.85 0.029
Dec 13, 2021 500.25 -0.021
Dec 10, 2021 502.4 0.004
Dec 09, 2021 500.6 -0.004
Dec 08, 2021 496.25 -0.009
Dec 07, 2021 498.65 0.005
Dec 06, 2021 491.8 -0.014
Dec 03, 2021 505.8 0.028
Dec 02, 2021 498.1 -0.015
Dec 01, 2021 484.75 -0.027
Nov 30, 2021 484.25 -0.001
Nov 29, 2021 480.9 -0.007
Nov 26, 2021 486.4 0.011
Nov 25, 2021 497.6 0.023
Nov 24, 2021 491.75 -0.012
Nov 23, 2021 494.2 0.005
Nov 22, 2021 474.3 -0.041
Nov 18, 2021 490.1 0.033
Nov 17, 2021 497.1 0.014
Nov 16, 2021 502.15 0.010
Nov 15, 2021 504.85 0.005
Nov 12, 2021 497.7 -0.014
Nov 11, 2021 499.65 0.004
Nov 10, 2021 491.1 -0.017
Nov 09, 2021  494 0.006
Nov 08, 2021 490.5 -0.007
Nov 04, 2021 480.95 -0.020
Nov 03, 2021 477 -0.008
Nov 02, 2021 477.6 0.001
Nov 01, 2021 477.2 -0.001
Oct 29, 2021 473.9 -0.007
Oct 28, 2021 462.9 -0.023
Oct 27, 2021 472.3 0.020
Oct 26, 2021 473.2 0.002
Oct 25, 2021 468.55 -0.010
Oct 22, 2021 476.1 0.016
Oct 21, 2021 491.35 0.032
Oct 20, 2021 499.05 0.016
Oct 19, 2021 505.6 0.013
Oct 18, 2021 509 0.007
Oct 14, 2021 509.8 0.002
Oct 13, 2021 515.5 0.011
Oct 12, 2021 509 -0.013
Oct 11, 2021 514.45 0.011
Oct 08, 2021 518.4 0.008
Oct 07, 2021 519.2 0.002
Oct 06, 2021 516.7 -0.005
Oct 05, 2021 526.55 0.019
Oct 04, 2021 527.75 0.002
Oct 01, 2021 530.3 0.005
Sep 30, 2021 533.1 0.005
Sep 29, 2021 518.65 -0.027
Sep 28, 2021 516.6 -0.004
Sep 27, 2021 524.7 0.016
Sep 24, 2021 530.5 0.011
Sep 23, 2021 537.3 0.013
Sep 22, 2021 537.65 0.001
Sep 21, 2021 549.4 0.022
Sep 20, 2021 543.45 -0.011
Sep 17, 2021 561.35 0.032
Sep 16, 2021  570.8 0.017
Sep 15, 2021 585.6 0.026
Sep 14, 2021 587 0.002
Sep 13, 2021 591.45 0.008
Sep 09, 2021 564.3 -0.047
Sep 08, 2021 565 0.001
Sep 07, 2021 564.65 -0.001
Sep 06, 2021 571.35 0.012
Sep 03, 2021 558.15 -0.023
Sep 02, 2021 558.4 0.000
Sep 01, 2021 549.3 -0.016
Aug 31, 2021 545.85 -0.006
Aug 30, 2021 531.9 -0.026
Aug 27, 2021 524.8 -0.013
Aug 26, 2021 524.35 -0.001
Aug 25, 2021 524.85 0.001
Aug 24, 2021 524.85 0.000
Aug 23, 2021 522.9 -0.004
Aug 20, 2021 521.9 -0.002
Aug 18, 2021 528.1 0.012
Aug 17, 2021 534.9 0.013
Aug 16, 2021 539.1 0.008
Aug 13, 2021  535.15 -0.007
Aug 12, 2021 536.65 0.003
Aug 11, 2021 521.9 -0.028
Aug 10, 2021 522.1 0.000
Aug 09, 2021 525.7 0.007
Aug 06, 2021 535.2 0.018
Aug 05, 2021 539.55 0.008
Aug 04, 2021 545.55 0.011
Aug 03, 2021 556.1 0.019
Aug 02, 2021 557.5 0.003
Jul 30, 2021 557.75 0.000
Jul 29, 2021 547.6 -0.018
Jul 28, 2021 546.5 -0.002
Jul 27, 2021 546.4 0.000
Jul 26, 2021 546.95 0.001
Jul 23, 2021 538.15 -0.016
Jul 22, 2021 539.5 0.003
Jul 20, 2021 538.2 -0.002
Jul 19, 2021 549.7 0.021
Jul 16, 2021 552.6 0.005
Jul 15, 2021 560.2 0.014
Jul 14, 2021 560.25 0.000
Jul 13, 2021 566.45 0.011
Jul 12, 2021 569.55 0.005
Jul 09, 2021 570.05 0.001
Jul 08, 2021 578.85 0.015
Jul 07, 2021 561.15 -0.031
Jul 06, 2021 562.8 0.003
Jul 05, 2021 568.25 0.010
Jul 02, 2021 563.65 -0.008
Jul 01, 2021 570.6 0.012
Jun 30, 2021 557.75 -0.023
Jun 29, 2021 549.95 -0.014
Jun 28, 2021 533.55 -0.030
Jun 25, 2021  512.55 -0.040
Jun 24, 2021 513.8 0.002
Jun 23, 2021 518.55 0.009
Jun 22, 2021 528.3 0.019
Jun 21, 2021 533.7 0.010
Jun 18, 2021 531.95 -0.003
Jun 17, 2021 535.95 0.007
Jun 16, 2021 534.1 -0.003
Jun 15, 2021 538.9 0.009
Jun 14, 2021 530.85 -0.015
Jun 11, 2021 536.3 0.010
Jun 10, 2021 537.65 0.003
Jun 09, 2021 531.8 -0.011
Jun 08, 2021 529.85 -0.004
Jun 07, 2021 528.4 -0.003
Jun 04, 2021 524.2 -0.008
Jun 03, 2021 526.45 0.004
Jun 02, 2021 531.1 0.009
Jun 01, 2021 524.75 -0.012
May 31, 2021 528.85 0.008
May 28, 2021 513.65 -0.029
May 27, 2021 517.3 0.007
May 26, 2021 509.2 -0.016
May 25, 2021 508.35 -0.002
May 24, 2021 507.8 -0.001
May 21, 2021 502.4 -0.011
May 20, 2021 502.5 0.000
May 19, 2021 515.05 0.025
May 18, 2021 512.9 -0.004
May 17, 2021 513.35 0.001
May 14, 2021 511.65 -0.003
May 12, 2021 517.25 0.011
May 11, 2021 525.55 0.016
May 10, 2021 516.6 -0.017
May 07, 2021 515.1 -0.003
May 06, 2021 519.85 0.009
May 05, 2021 508.5 -0.022
May 04, 2021 503.2 -0.010
May 03, 2021 500.85 -0.005
Apr 30, 2021 508.95 0.016
Apr 29, 2021 505.25 -0.007
Apr 28, 2021 510.65 0.011
Apr 27, 2021 509.65 -0.002
Apr 26, 2021 508.8 -0.002
Apr 23, 2021 509.9 0.002
Apr 22, 2021 511.95 0.004
Apr 20, 2021 504.2 -0.015
Apr 19, 2021 498.1 -0.012
Apr 16, 2021 515.15 0.034
Apr 15, 2021 524.95 0.019
Apr 13, 2021 522.2 -0.005
Apr 12, 2021 516.65 -0.011
Apr 09, 2021 542.5 0.049
Apr 08, 2021 525.85 -0.031
Apr 07, 2021 505.15 -0.040
4-May-21 3,049.75 1.798
3-May-21 3,037.00 -0.004
30-Apr-21 3,035.65 0.000
29-Apr-21 3,115.25 0.026
28-Apr-21 3,124.10 0.003
27-Apr-21 3,132.00 0.003
26-Apr-21 3,100.80 -0.010
23-Apr-21 3,109.50 0.003
22-Apr-21 3,118.80 0.003
20-Apr-21 3,144.55 0.008
19-Apr-21 3,161.80 0.005
16-Apr-21 3,195.15 0.010
15-Apr-21 3,218.95 0.007
13-Apr-21 3,104.05 -0.036
12-Apr-21 3,246.55 0.045
9-Apr-21 3,322.25 0.023
8-Apr-21 3,317.35 -0.001
7-Apr-21 3,271.40 -0.014
6-Apr-21 3,264.70 -0.002
 11.59%
184.05% (sigma)
 WACC Calculation

Cost of equity 14.00%

Tax rate 29.00%
Cost of debt 5%
WACC 14.30%

Detalied WACC calculation

Long-term bond rate 7.65%

Equity market risk premium 7.40%
Adjusted beta 0.86

Cost of equity 14.00%

Tax rate 29.00%

Debt/Equity ratio 0
Cost of debt 5.00%

After-tax WACC 14.30%

 1 2 3 4 5
Year FY-22 FY-21 FY-20 FY-19 FY-18
Cashflow 641 791 443 525 505
DF 0.87489063867 0.76543363 0.6696707171 0.5858886414 0.512588
PV 560.804899388 605.458001 296.66412767 307.59153672 258.857186
NPV 2029.37575108

Expected cashflow
1 2 3 4
PV factor 0.87489063867 0.76543363 0.6696707171 0.5858886414
Cashflow 791 443 525 505
PV factor 692.038495188 339.0870979 351.57712647 295.87376389
NPV 1678.57648348

1 2 3 4
S 1678.57648348 1127.612921 845.86156827 441.81977253
K 241.45 241.45 241.45 241.45
T 4 3 2 1
r 8%
volatility 20.9%

1 2 3 4
d1 22.30 15.21 9.81 3.36
d2 21.89 14.85 9.51 3.15
N(-d1) 1.67E-110 1.57E-52 5.14E-23 3.90E-04
N(-d2) 1.74E-106 3.70E-50 9.21E-22 8.14E-04

Put option 3.10E-104 6.94E-48 1.47E-19 9.85E-03 1408.7

PV of put option 722.09

Adjusted present value 2751.46

 WACC 14.30%
(in cr) Annual Volatility 184%

Sigma/Volatility
2751.46
1% 2751.46
5% 2751.46
10% 2751.46
15% 2751.46
20% 2751.46
25% 2751.50
Effect of
30% 2751.68
35% 2752.09 2785.00

40% 2752.78 2780.00

2775.00
45% 2753.78
2770.00
50% 2755.07
2765.00
55% 2756.61
2760.00
60% 2758.40
2755.00
65% 2760.41
2750.00
70% 2762.64
2745.00
75% 2765.08
2740.00
80% 2767.72
2735.00
85% 2770.53 0 0.2 0.4
90% 2773.52
95% 2776.65
100% 2779.91
 Effect of Volatility

0.2 0.4 0.6 0.8 1 1.2