23126C1052-ACCHI NAGANARENDRA

A STUDY ON
ANALYSIS OF NIFTY BASED BLUE CHIP WITH

REFERENCE TO ADITHYA BIRLA MONEY LIMITED
SUBMITTED BY
ACCHI NAGANARENDRA
H.T.NO: 23126C1052
PAGE
NO.
CHAPTER CHAPTER NAME
INTRODUCTION 1-4
1.1 Stock Market
1.2 Investor
1.3 Characteristics
I 1.4 Need For The Study
1.5 Objectives Of The Study
1.6 Scope Of The Study
1.7 Research Methodology
1.8 Limitations Of Study
INDUSTRY PROFILE & COMPANY PROFILE 5-9
2.1 A Brand New Journey: A New Mark For New Milestones
2.2. Our Vision
2.3 Our Mission
2.4 Our Values
2.4.1 Integrity
2.4.2 Commitment
II
2.4.3 Passion
2.4.4 Seamlessness
2.4.5 Speed
2.5 Board Of Directors
2.6 Swot Analysis
2.7 Achievements
2.7.1 In Pursuit Of Our Leadership Vision
THEORETICAL FRAMEWORK 10-14
3.1 Introduction
3.1.1capital Market
3.2 Primary Market
III
3.2.1 Features Of Primary Markets Are:
3.2.2 Methods Of Issuing Securities In The Primary Market Are:
3.3 Secondary Market
3.4 Review Of Literature
DATA ANALYSIS AND INTERPRETATION 15-32
IV
5.1 FINDINGS, 33-34

5.2 CONCLUSION &
V 5.3 SUGGESTIONS
BIBLIOGRAPHY 35
TABLE OF CONTENTS
LIST OF TABLES
TABLE TABLE NAME PAGE

NO. NO.
1. Calculation of rate of change of britannia industries 15
ltd for the month of june 2023

ltd for the month of july 2023

ltd for the month of august 2023
4. Calculation of rate of change colgate-palmolive 21

(india) ltd for the month of june 2023

(india) ltd for the month of july 2023

(india) ltd for the month of august 2023
7. Calculation of rate of change dabur india ltd for the 27

month of june 2023

month of july 2023
month of august 2023
LIST OF GRAPHS
GRAPH GRAPH NAME PAGE

NO. NO.
ltd for the month of june 2023

ltd for the month of july 2023

ltd for the month of august 2023

(india) ltd for the month of june 2023

(india) ltd for the month of july 2023

(india) ltd for the month of august 2023

month of june 2023

month of july 2023
CHAPTER-I
INTRODUCTION
1. INTRODUCTION
1.1 STOCK MARKET
India is a developing country. Nowadays many people are interested to invest in
financial markets especially on equities to get high returns, and to save tax in honest
way. Equities are playing a major role in contribution of capital to the business from
the beginning. Since the introduction of shares concept, large numbers of investors are
showing interest to invest in stock market.
In an industry plagued with skepticism and a stock market increasingly difficult to
predict and contend with, if one looks hard enough there may still be a genuine aid for
the day trader and short term investor.
1.2 INVESTOR
The price of a security represents a consensus. It is the price at which one person
agrees to buy and another agrees to sell. The price at which an investor is willing to
buy or sell depends primarily on his expectations. If he expects the security's price to
rise, he will buy it; if the investor expects the price to fall, he will sell it. These simple
statements are the cause of a major challenge in forecasting security prices, because
they refer to human expectations. As we all know firsthand, humans expectations are
neither easily quantifiable nor predictable. If prices are based on investor
expectations, then knowing what a security should sell for (i.e., fundamental analysis)
becomes less important than knowing what other investors expect it to sell for. That's
not to say that knowing what a security should sell for isn't important--it is. But there
is usually a fairly strong consensus of a stock's future earnings that the average
investor cannot disprove.
1.3 CHARACTERISTICS
Ubs financial services, inc. Chose companies that have at least four of the six
following characteristics to be considered a blue chip:
1. Rated "buy" by the sponsor (see "ubs investment research ratings system" in
the prospectus);
1
2. Market capitalization in excess of $5 billion;
3. Financial strength, a record of profit growth and reputation for
skilled management;
4. Established, well-known company considered to be stable and mature with a
reputation for providing high-quality goods and services; and
5. Leader in its market niche.
6. In addition, companies are analyzed for their record of earnings over a
relatively long period of time and future potential. Dividend payments, while
not required, are considered.
Other terms that are often used in conjunction with blue chip include "bellwether" and
"large cap". Bellwether is any company that is recognized as the leader in its industry.
For example,microsoft would be considered a bellwether stock for computer software.
Large cap is a reference to the size of a company in terms of total market
capitalization. Market capitalization is simply calculated by taking the number of
shares outstanding and multiplying by the stock's current price per share.
1.4 NEED FOR THE STUDY

Blue-chip stocks are shares of stock issued by companies which have a reputation for
financial stability and a record of successfully weathering any economic condition. In
addition to exceptional potential for long-term growth, blue-chip stocks traditionally
display repetitive, solid earnings. So, there is a need for the study to know about the
performance of blue chip companies.
1.5 OBJECTIVES OF THE STUDY

The objective of this project is to deeply analyze the blue chip companies selected like
andhra bank, hdfc bank, dr. Reddy’s labs, cipla, hcl, wipro, maruti suzuki and tata
motors for investment purpose by monitoring the growth rate and performance on the
basis of historical data.
The main objectives of the project study are:
2
1. To know about the share performance of the companies selected viz.
Andhra bank, hdfc bank, dr. Reddy’s labs, cipla, hcl, wipro, maruti suzuki
and tata motors.
2. To study about the price movements of the blue chip securities selected.
3. To help the investor for decision making in investment.
1.6 SCOPE OF THE STUDY

The scope of the study is identified after and during the study is conducted.
The analysis is made by taking into consideration 10 companies andhra bank, hdfc
bank, dr. Reddy’s labs, cipla, hcl, wipro, maruti suzuki and tata motors. The scope of
the study is limited for a period of 1 month. The scope is limited to only the
fundamental analysis of the chosen stocks.
1.7 RESEARCH METHODOLOGY

Research design or research methodology is the procedure of collecting, analyzing
and interpreting the data to diagnose the problem and react to the opportunity in such
a way where the costs can be minimized and the desired level of accuracy can be
achieved to arrive at a particular conclusion.
The methodology used in the study for the completion of the project and the
fulfillment of the project objectives. The sample of the stocks for the purpose of
collecting secondary data has been selected on the basis of random sampling. The
stocks are chosen in an unbiased manner and each stock is chosen independent of the
other stocks chosen.
The sample size for the number of stocks is taken as 10for fundamental analysis of
stocks as fundamental analysis is very exhaustive and requires detailed study.
Data sources:
The proposed study is carried with the help of both primary and secondary sources of
data.
Primary data:
Relevant primary data would be collected with the help of the interview method.
3
Secondary data:
All the secondary data used for the study would be extracted from the annual reports,
manuals, websites and other published materials of the company.
1.8 LIMITATIONS OF STUDY

1. This study is limited to only to some selected securities.
2. The study is restricted to eight companies based on fundamental analysis.
3. Detailed study of the topic was not possible due to limited size of the
project.
4. There was a constraint with regard to time allocation for the research study
i.e. For a period of 45 days.
5. Suggestions and conclusions are based on the study conducted.
4
CHAPTER-II
INDUSTRY PROFILE &
COMPANY PROFILE
2. COMPANY PROFILE
Aditya Birla Money Limited (ABML), a subsidiary of Aditya Birla Capital Limited, is
listed on Bombay Stock Exchange Limited (BSE) and National Stock Exchange of
India Limited (NSE) since 2008. ABML is currently engaged in the business of
securities broking and is registered as a stock broker with SEBI. It offers equity and
derivatives trading through NSE and BSE and holds PMS license from SEBI and
offers portfolio management services.
ABML is also registered as a Depository Participant with National Securities
Depository Limited (NSDL) and the Central Depository Services (India) Limited
(CDSL). It also holds SEBI license as a research analyst and an investment adviser.
ABML also holds an ARN code issued by AMFI and is registered with CDSL as an e-
Repository for holding insurance policies in electronic form. Aditya Birla
Commodities Broking limited (a wholly owned subsidiary of ABML), a member of
Multi Commodity Exchange of India Limited and National Commodity & Derivatives
Exchange Limited and offering commodity broking services, was amalgamated with
ABML during Dec 2020.
ABML reported revenues from operations of over Rs. 1,285 million in nine months
of FY2023-2023. It has a combined pan India distribution network of over 41
branches spread across Andhra Pradesh, Chandigarh, Rajasthan, Chhattisgarh,
Madhya Pradesh, UP, West Bengal, Punjab, Maharashtra, Kerala, Karnataka, Delhi,
Gujarat and Tamil Nadu and 755 franchisee offices. It also has a robust online and
offline model with a strong technological backbone to support a large registered
customer base of around 350,685 customers. It offers a wide range of solutions
including broking, portfolio management services, depository and e-insurance
repository solutions and distribution of other financial products.
Aditya Birla Capital Limited (ABCL) is the financial services platform of the Aditya
Birla Group. With a strong presence across the life insurance, asset management,
private equity, corporate lending, structured finance, project finance, general
5
insurance broking, wealth management, equity, currency and commodity broking,
online personal finance management, housing finance, pension fund management, and
health insurance business, ABCL is committed to serving the end-to-end financial
services needs of its retail and corporate customers. Anchored by more than 17,000
employees, ABCL has a nationwide reach and more than 200,000 agents / channel
partners.
2.1 A Brand New Journey: A New Mark For New Milestones

A major step that our iconic Group has taken under the stewardship of our Chairman,
Mr. Kumar Mangalam Birla, is to introduce a brand new avatar of our Aditya Birla
logo. To set the context, it is worthwhile to bring you excerpts from our Chairman's
address to all of us – 120,000 colleagues globally, given that the new mark is
reflective of his vision, first and foremost, and from there it plays down the
organisation.
The name Aditya Birla exemplifies integrity, quality, performance, perfection and
above all character. Our logo is the symbolic reflection of these traits. It is the
cornerstone of our Corporate Identity. It helps us leverage the unique Aditya Birla
brand and endows us with a distinctive visual image.
On the imagery and the nuances of the new mark: The bright colourful sun at the base
forms its solid foundation in a bolder and more forceful global version. The
crisscrossing sunbeams connote the vibrant internal and external movement of energy.
Like a prism, it refracts the multi-dimensional facets of our Group. A deep sense of
simplicity, solidity, permanence. Vim and vigour. Hope. Our timeless values. Our
boundless optimism. And all these culminate in the dramatic ascension of our Group,
rising in perpetuity, reaching higher peaks.
To sum up, our new mark embeds a sense of pride, unity and belonging in all of us. In
our Chairman's words again: "I look upon it as our best calling card as we move onto
a brave new horizon, big on growth, based on strong fundamentals, and as One ABG
family."
6
2.2. OUR VISION
To be a premium global conglomerate with a clear focus on each of the
businesses.
2.3 OUR MISSION

To deliver superior value to our customers, shareholders, employees and society
at large.
2.4 OUR VALUES
2.4.1 Integrity
Acting and taking decisions in a manner that is fair and honest. Following the highest
standards of professionalism and being recognised for doing so. Integrity for us means
not only financial and intellectual integrity, but encompasses all other forms as are
generally understood.
2.4.2 Commitment
On the foundation of integrity, doing all that is needed to deliver value to all
stakeholders. In the process, being accountable for our own actions and decisions,
those of our team and those on the part of the organisation for which we are
responsible.
2.4.3 Passion
An energetic, intuitive zeal that arises from emotional engagement with the
organisation that makes work joyful and inspires each one to give his or her best. A
7
voluntary, spontaneous and relentless pursuit of goals and objectives with the highest
level of energy and enthusiasm.
2.4.4 Seamlessness
Thinking and working together across functional groups, hierarchies, businesses and
geographies. Leveraging diverse competencies and perspectives to garner the benefits
of synergy while promoting organisational unity through sharing and collaborative
efforts.
2.4.5 Speed
Responding to internal and external customers with a sense of urgency. Continuously
striving to finish before deadlines and choosing the best rhythm to optimise
organisational efficiencies.
In 2015 we celebrated a decade of our values. All our businesses and all our people
have adopted these Values with understanding and enthusiasm. All of them have
made a consistent effort to make our values, the heartbeat of our existence. In doing
so, not only have the values flourished but also our people and our businesses. As we
look back, we have every reason to celebrate and every person to salute.
The "Power of 5" is our unique way of saluting, celebrating and cheering the
inspirational act of integrity, commitment, passion, seamlessness and speed by our
people, over the last decade. Through this platform we bring to you 25 inspiring
stories of our people who have exemplified living the values, which whilst selected at
random tell a powerful story of our voyage with values.
2.5 BOARD OF DIRECTORS

Name Designation
G Vijayaraghavan Independent Director
Gopi Krishna Tulsian Chairman & Non-Exe.Director
L R Murali Krishnan Manager
P Sudhir Rao Independent Director
Pinky A Mehta Non Executive Director
8
Pradeep Sharma Chief Financial Officer
Sangeeta Shetty Co. Secretary & Compl. Officer
Shriram Jagetiya Non Executive Director
Tushar Shah Non Executive Director
2.6 Swot Analysis

Strength
1. Rising Net Cash Flow and Cash from Operating activity
2. Company with high TTM EPS Growth
3. Effectively using its capital to generate profit - RoCE improving in last
2 years
Weakness
1. Inefficient use of shareholder funds - ROE declining in the last 2 years
2. Decline in Net Profit with falling Profit Margin (QoQ)
3. Company able to generate Net Cash - Improving Net Cash Flow for last
2 years
4. Annual Net Profits improving for last 2 years
5. Book Value per share Improving for last 2 years
6. Company with Zero Promoter Pledge
Opportunities
1. Highest Recovery from 52 Week Low
2. Decrease in Provision in recent results
Threats
1. Increasing Trend in Non-Core Income
2.7 ACHIEVEMENTS
2.7.1 In pursuit of our leadership vision
1. We are among the Top 5 Private Diversified NBFCs in India
2. We are one of the largest Private Life Insurance Companies in India
3. We are one of the largest Asset Management Companies in India
9
CHAPTER - III
THEORETICAL FRAMEWORK
3. THEORETICAL FRAMEWORK
3.1 INTRODUCTION
3.1.1Capital market
A market in which individuals and institutions trade financial securities.
Organizations/institutions in the public and private sectors also often sell securities on
the capital markets in order to raise funds. Thus, this type of market is composed of
both the primary and secondary markets. Both the stock and bond markets are parts of
the capital markets. For example, when a company conducts an ipo, it is tapping the
investing public for capital and is therefore using the capital markets. This is also true
when a country's government issues treasury bonds in the bond market to fund its
spending initiatives.
Capital markets are financial markets for the buying and selling of long-term debt-
or equity-backed securities. These markets channel the wealth of savers to those who
can put it to long-term productive use, such as companies or governments making
long-term investments. Financial regulators, such as the uk's bank of england (boe) or
the u.s. securities and exchange commission (sec), oversee the capital markets in their
jurisdictions to protect investors against fraud, among other duties.
Modern capital markets are almost invariably hosted on computer-based electronic
trading systems; most can be accessed only by entities within the financial sector or
the treasury departments of governments and corporations, but some can be accessed
directly by the public. There are many thousands of such systems, most only serving
only small parts of the overall capital markets. Entities hosting the systems include
stock exchanges, investment banks, and government departments. Physically the
systems are hosted all over the world, though they tend to be concentrated in financial
centres like london, new york, and hong kong. Capital markets are defined as markets
in which money is provided for periods longer than a year.
A key division within the capital markets is between the primary
markets and secondary markets. In primary markets, new stock or bond issues are
sold to investors, often via a mechanism known as underwriting. The main entities
seeking to raise long-term funds on the primary capital markets are governments
(which may be municipal, local or national) and business enterprises (companies).
Governments tend to issue only bonds, whereas companies often issue either equity or
bonds. The main entities purchasing the bonds or stock include pension funds, hedge
10
funds, sovereign wealth funds, and less commonly wealthy individuals and
investment banks trading on their own behalf. In the secondary markets, existing
securities are sold and bought among investors or traders, usually on a securities
exchange, over-the-counter, or elsewhere. The existence of secondary markets
increases the willingness of investors in primary markets, as they know they are likely
to be able to swiftly cash out their investments if the need arises.
A second important division falls between the stock markets (for equity securities,
also known as shares, where investors acquire ownership of companies) and the bond
markets (where investors become creditors).
3.2 Primary Market
The primary market is that part of the capital markets that deals with the issuance of
new securities. Companies, governments or public sector institutions can
obtain bonds through the sale of a new stock or bond issue. This is typically done
through a syndicate of securities dealers. The process of selling new issues to
investors is called underwriting. In the case of a new stock issue, this sale is an initial
public offering (ipo). Dealers earn a commission that is built into the price of the
security offering, though it can be found in the prospectus. Primary markets create
long term instruments through which corporate entities borrow from capital market.
3.2.1 Features of primary markets are:

1. This is the market for new long term equity capital. The primary market is the
market where the securities are sold for the first time. Therefore it is also
called the new issue market (nim).
2. In a primary issue, the securities are issued by the company directly to
investors.
3. The company receives the money and issues new security certificates to the
investors.
4. Primary issues are used by companies for the purpose of setting up new
business or for expanding or modernizing the existing business.
5. The primary market performs the crucial function of facilitating capital
formation in the economy.
6. The new issue market does not include certain other sources of new long term
external finance, such as loans from financial institutions. Borrowers in the
11
new issue market may be raising capital for converting private
capital into public capital; this is known as "going public."
7. The financial assets sold can only be redeemed by the original holder.
3.2.2 Methods of issuing securities in the primary market are:
1. public issuance, including initial public offering;
2. rights issue (for existing companies);
3. Preferential issue.
3.3 Secondary Market
Secondary market refers to a market where securities are traded after being initially
offered to the public in the primary market and/or listed on the stock exchange.
Majority of the trading is done in the secondary market. Secondary market comprises
of equity markets and the debt markets.
For the general investor, the secondary market provides an efficient platform for
trading of his securities. For the management of the company, secondary equity
markets serve as a monitoring and control conduit—by facilitating value-enhancing
control activities, enabling implementation of incentive-based management contracts,
and aggregating information (via price discovery) that guides management decisions.
India is a developing country. Nowadays many people are interested to invest in
financial markets especially on equities to get high returns, and to save tax in honest
way. Equities are playing a major role in contribution of capital to the business from
the beginning. Since the introduction of shares concept, large numbers of investors are
showing interest to invest in stock market.
In an industry plagued with skepticism and a stock market increasingly difficult to
predict and contend with, if one looks hard enough there may still be a genuine aid for
the day trader and short term investor.
The price of a security represents a consensus. It is the price at which one person
agrees to buy and another agrees to sell. The price at which an investor is willing to
buy or sell depends primarily on his expectations. If he expects the security's price to
rise, he will buy it; if the investor expects the price to fall, he will sell it. These simple
statements are the cause of a major challenge in forecasting security prices, because
they refer to human expectations. As we all know firsthand, humans expectations are
neither easily quantifiable nor predictable. If prices are based on investor
expectations, then knowing what a security should sell for (i.e., fundamental analysis)
12
becomes less important than knowing what other investors expect it to sell for. That's
not to say that knowing what a security should sell for isn't important--it is. But there
is usually a fairly strong consensus of a stock's future earnings that the average
investor cannot disprove.
In the secondary market, securities are sold by and transferred from one investor or
speculator to another. It is therefore important that the secondary market be highly
liquid (originally, the only way to create this liquidity was for investors and
speculators to meet at a fixed place regularly; this is how stock exchanges originated,
see history of the stock exchange). As a general rule, the greater the number of
investors that participate in a given marketplace, and the greater the centralization of
that marketplace, the more liquid the market.
Fundamentally, secondary markets mesh the investor's preference for liquidity (i.e.,
the investor's desire not to tie up his or her money for a long period of time, in case
the investor needs it to deal with unforeseen circumstances) with the capital user's
preference to be able to use the capital for an extended period of time.
Accurate share price allocates scarce capital more efficiently when new projects are
financed through a new primary market offering, but accuracy may also matter in the
secondary market because: 1) price accuracy can reduce the agency costs of
management, and make hostile takeover a less risky proposition and thus move capital
into the hands of better managers, and 2) accurate share price aids the efficient
allocation of debt finance whether debt offerings or institutional borrowing.
3.4 REVIEW OF LITERATURE
R., Shankar & Loganathan, Nanda Gopal. (2021). The stock market is sometimes
referred to as a "mirror" of the country's economic health since it acts a barometer to
measure the economic growth. A potential buyer sets a price, known as an offer price,
for a share of stock in the stock market, and a potential seller asks for a fixed price for
it. When buying or selling in the market, both the buyer and the seller agree on the
asking price or bid price. A trade occurs when the bid and ask prices are equal. As a
result, stock valuation is extremely important in day-today stock exchange
transactions. A company's success is reflected in its stock price. Companies with
strong results are thought to have strong demand for their stock, which will drive up
the price, and vice versa. Stock price fluctuations are influenced by rumours,
13
speculation, and short-selling, among other manipulation practices. The present
research on the above backdrop will make an analysis on the volatility of blue chip
companies listed in the NIFTY 50 of National Stock Exchange in India.
Nagendra, Marisetty & Haritha, Dr. (2014). The NSE NIFTY Index tracks the
behaviour of a portfolio of blue chip companies, the largest and most liquid Indian
securities. The Index is well studied for benchmarking, index funds and index based
derivatives. The persuading power of NSE Nifty is very high on other indices
especially NSE sectorial indices. Performance of the economy influences industry
sector returns differently and changes over time periods. Thus, changing pattern of
correlations between sectors is vital for investment purpose. The present study
approximates the correlations between NSE Nifty and Industry sectors in India.
Dr.R. Shankar, Dr.L. Nanda Gopal, 2016 The stock market is sometimes referred
to as a "mirror" of the country's economic health since it acts a barometer to measure
the economic growth. A potential buyer sets a price, known as an offer price, for a
share of stock in the stock market, and a potential seller asks for a fixed price for it.
When buying or selling in the market, both the buyer and the seller agree on the
asking price or bid price. A trade occurs when the bid and ask prices are equal. As a
result, stock valuation is extremely important in day-to-day stock exchange
transactions. A company's success is reflected in its stock price. Companies with
strong results are thought to have strong demand for their stock, which will drive up
the price, and vice versa. Stock price fluctuations are influenced by rumours,
speculation, and short-selling, among other manipulation practices. The present
research on the above backdrop will make an analysis on the volatility of blue chip
companies listed in the NIFTY 50 of National Stock Exchange in India.
14
CHAPTER-IV
DATA ANALYSIS & INTERPRETATION
4. DATA ANALYSIS AND INTERPRETATION
Table no. 1 Calculation of rate of change of britannia industries ltd for the
month of june 2023
Close price 7 Price Roc = price ratio -

Date Close price
days ago ratio 1
06-01-2023 2765.1
06-02-2023 2799.5
06-03-2023 2763.35
06-06-2023 2773.85
06-07-2023 2795.15
06-08-2023 2770.4
06-09-2023 2761.25
06-10-2023 2729.25 2765.1 0.99 -0.01
6/13/2023 2678.2 2799.5 0.96 -0.04
6/14/2023 2681.15 2763.35 0.97 -0.03
6/15/2023 2682.6 2773.85 0.97 -0.03
6/16/2023 2686.9 2795.15 0.96 -0.04
6/17/2023 2639.6 2770.4 0.95 -0.05
6/20/2023 2622.2 2761.25 0.95 -0.05
6/21/2023 2564.85 2729.25 0.94 -0.06
6/22/2023 2613.7 2678.2 0.98 -0.02
6/23/2023 2625.45 2681.15 0.98 -0.02
6/24/2023 2632.95 2682.6 0.98 -0.02
6/27/2023 2683.3 2686.9 1 0
6/28/2023 2748.15 2639.6 1.04 0.04
6/29/2023 2771.4 2622.2 1.06 0.06
6/30/2023 2758.95 2564.85 1.08 0.08
Source : Compiled from secondary data
15
Graph no: 11
Close price
2850
2800
2750
2700
2650
2600
2550
2500
2450
2400
23 23 23 23 23 23 23 23 23 23 23 23 23 23 23
/ 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20
1 3 5 7 9 11 13 15 17 19 21 23 25 27 29
6/ 6/ 6/ 6/ 6/ 6/ 6/ 6/ 6/ 6/ 6/ 6/ 6/ 6/ 6/
Close price
Interpretation:
1. The investors need to take the decision of buy/sell on the basis of roc value.
2. The investor is suggested to sell the stock on 30 th june because the value of roc
is positive and higher i.e., 0.08.
3. The same stock can be bought on 21 st june 2023 as roc reached to its lowest
level of -0.01.
16
month of july 2023
Date Close Close price 7 days Price Roc = price ratio -

07-01- 2808.3
price 2613.7
ago 1.07
ratio 0.07
1
07-04-
2023 2840.9 2625.45 1.08 0.08
07-05-
2023 2836.25 2632.95 1.08 0.08
07-06-
2023 2836.25 2683.3 1.06 0.06
07-07-
2023 2809.15 2748.15 1.02 0.02
07-08-
2023 2805.05 2771.4 1.01 0.01
07-11-
2023 2859.25 2758.95 1.04 0.04
07-12-
2023 2857.2 2808.3 1.02 0.02
7/13/2023
2023 2867.6 2840.9 1.01 0.01
7/14/2023 2859.75 2836.25 1.01 0.01
7/15/2023 2820.6 2836.25 0.99 -0.01
7/18/2023 2816.3 2809.15 1 0

7/19/2023 2760.05 2805.05 0.98 -0.02
7/20/2023 2809.45 2859.25 0.98 -0.02
7/21/2023 2814.75 2857.2 0.99 -0.01
7/22/2023 2850.9 2867.6 0.99 -0.01
7/25/2023 2850.4 2859.75 1 0
7/26/2023 2823.8 2820.6 1 0
7/27/2023 2812.8 2816.3 1 0
7/28/2023 2865.3 2760.05 1.04 0.04
7/29/2023 2933.8 2809.45 1.04 0.04
17
Graph no: 2
Close price
2950
2900
2850
2800
2750
2700
2650
23 23 23 23 23 23 23 23 23 23 23 23 23 23 23
/ 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20
1 3 5 7 9 11 13 15 17 19 21 23 25 27 29
7/ 7/ 7/ 7/ 7/ 7/ 7/ 7/ 7/ 7/ 7/ 7/ 7/ 7/ 7/
Close price
Interpretation:
2. The investor is suggested to sell the stock on 4 th, 5th july because the value of
roc is positive and higher i.e., 0.08.
3. The same stock can be bought on 19 th july 2023 as roc reached to its lowest
level of -0.02.
18
Date Close price Close price 7 days Price ratio Roc = price ratio
ago -1
08-01-2023 2882.2 2814.75 1.02 0.02
08-02-2023 2880.7 2850.9 1.01 0.01
08-03-2023 2830.45 2850.4 0.99 -0.01
08-04-2023 2880.85 2823.8 1.02 0.02
08-05-2023 2884.6 2812.8 1.03 0.03
08-08-2023 3152.15 2865.3 1.1 0.1
08-09-2023 3128.45 2933.8 1.07 0.07
08-10-2023 3103.35 2882.2 1.08 0.08
08-11-2023 3236.9 2880.7 1.12 0.12
08-12-2023 3285.1 2830.45 1.16 0.16
8/15/2023 3285.1 2880.85 1.14 0.14
8/16/2023 3272.05 2884.6 1.13 0.13
8/17/2023 3336.7 3152.15 1.06 0.06
8/18/2023 3329.55 3128.45 1.06 0.06
8/19/2023 3350.45 3103.35 1.08 0.08
8/22/2023 3369.25 3236.9 1.04 0.04
8/23/2023 3361.35 3285.1 1.02 0.02
8/24/2023 3432.95 3285.1 1.05 0.05
8/25/2023 3464.3 3272.05 1.06 0.06
8/26/2023 3437.7 3336.7 1.03 0.03
8/29/2023 3406.35 3329.55 1.02 0.02
8/30/2023 3443.2 3350.45 1.03 0.03
8/31/2023 3460.55 3369.25 1.03 0.03
19
Graph no: 3
Close price
4000
3500
3000
2500
2000
1500
1000
500
0
23 23 23 23 23 23 23 23 23 23 23 23 23 23 23 23
/ 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20
1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31
8/ 8/ 8/ 8/ 8/ 8/ 8/ 8/ 8/ 8/ 8/ 8/ 8/ 8/ 8/ 8/
Close price
Interpretation:
2. The investor is suggested to sell the stock on 12 th august because the value of
3. The same stock can be bought on 3 rd august 2023 as roc reached to its lowest
level of -0.01.
20
Table no. 4 Calculation of rate of change colgate-palmolive (india) ltd for the
month of june 2023

price ago ratio 1
06-01- 849.25
2023
06-02- 863.1
2023
06-03- 866.75
2023
06-06- 854.75
2023
06-07- 855.15
2023
06-08- 864.7
2023
06-09- 855.8
2023
06-10- 872.05 849.25 1.03 0.03
2023
6/13/2023 862.9 863.1 1 0
6/14/2023 860.7 866.75 0.99 -0.01
6/15/2023 859.45 854.75 1.01 0.01
6/16/2023 868.25 855.15 1.02 0.02
6/17/2023 855.6 864.7 0.99 -0.01
6/20/2023 866.7 855.8 1.01 0.01
6/21/2023 884.25 872.05 1.01 0.01
6/22/2023 886 862.9 1.03 0.03
6/23/2023 882.15 860.7 1.02 0.02
6/24/2023 885.3 859.45 1.03 0.03
6/27/2023 885.9 868.25 1.02 0.02
6/28/2023 898.25 855.6 1.05 0.05
6/29/2023 908.7 866.7 1.05 0.05
6/30/2023 918.5 884.25 1.04 0.04
21
Graph no:4
Close price
940
920
900
880
860
840
820
800
23 23 23 23 23 23 23 23 23 23 23 23 23 23 23
/ 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20
1 3 5 7 9 11 13 15 17 19 21 23 25 27 29
6/ 6/ 6/ 6/ 6/ 6/ 6/ 6/ 6/ 6/ 6/ 6/ 6/ 6/ 6/
Close price
Interpretation:
3. The same stock can be bought on 14th june 2023 as roc reached to its lowest
level of -0.01.
22
Table no. 5 Calculation of rate of change colgate-palmolive (india) ltd for the
month of july 2023

price ago ratio 1
07-01-2023 920.05 886 1.04 0.04
07-04-2023 925.7 882.15 1.05 0.05
07-05-2023 941.7 885.3 1.06 0.06
07-06-2023 941.7 885.9 1.06 0.06
07-07-2023 947.1 898.25 1.05 0.05
07-08-2023 946.45 908.7 1.04 0.04
07-11-2023 944.85 918.5 1.03 0.03
07-12-2023 932.95 920.05 1.01 0.01
7/13/2023 924.3 925.7 1 0
7/14/2023 931.2 941.7 0.99 -0.01
7/15/2023 926.8 941.7 0.98 -0.02
7/18/2023 928.9 947.1 0.98 -0.02
7/19/2023 941 946.45 0.99 -0.01
7/20/2023 949.05 944.85 1 0
7/21/2023 959.65 932.95 1.03 0.03
7/22/2023 955.25 924.3 1.03 0.03
7/25/2023 961.7 931.2 1.03 0.03
7/26/2023 967.75 926.8 1.04 0.04
7/27/2023 943.2 928.9 1.02 0.02
7/28/2023 931.4 941 0.99 -0.01
7/29/2023 933.35 949.05 0.98 -0.02
23
Graph no: 5 colgate-palmolive (india) ltd for the month of july 2023
Close price
980
970
960
950
940
930
920
910
900
890
23 23 23 23 23 23 23 23 23 23 23 23 23 23 23
/ 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20
1 3 5 7 9 11 13 15 17 19 21 23 25 27 29
7/ 7/ 7/ 7/ 7/ 7/ 7/ 7/ 7/ 7/ 7/ 7/ 7/ 7/ 7/
Close price
Interpretation:
2. The investor is suggested to sell the stock on 5th july because the value of roc
level of -0.02.
24
Table no.6 Calculation of rate of change colgate-palmolive (india) ltd for the

price ago ratio 1
08-01-2023 951.65 959.65 0.99 -0.01
08-02-2023 968.65 955.25 1.01 0.01
08-03-2023 936.15 961.7 0.97 -0.03
08-04-2023 942.7 967.75 0.97 -0.03
08-05-2023 959.85 943.2 1.02 0.02
08-08-2023 1015.25 931.4 1.09 0.09
08-09-2023 970.7 933.35 1.04 0.04
08-10-2023 959.8 951.65 1.01 0.01
08-11-2023 962.6 968.65 0.99 -0.01
08-12-2023 957.5 936.15 1.02 0.02
8/15/2023 957.5 942.7 1.02 0.02
8/16/2023 956.05 959.85 1 0
8/17/2023 972.4 1015.25 0.96 -0.04
8/18/2023 967.9 970.7 1 0
8/19/2023 958.05 959.8 1 0
8/22/2023 947.9 962.6 0.98 -0.02
8/23/2023 936.5 957.5 0.98 -0.02
8/24/2023 949.9 957.5 0.99 -0.01
8/25/2023 949.15 956.05 0.99 -0.01
8/26/2023 948.65 972.4 0.98 -0.02
8/29/2023 937.85 967.9 0.97 -0.03
8/30/2023 953.15 958.05 0.99 -0.01
8/31/2023 948.35 947.9 1 0
25
Graph no:6
Close price
1040
1020
1000
980
960
940
920
900
880
23 23 23 23 23 23 23 23 23 23 23 23 23 23 23 23
/ 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20
1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31
8/ 8/ 8/ 8/ 8/ 8/ 8/ 8/ 8/ 8/ 8/ 8/ 8/ 8/ 8/ 8/
Close price
Interpretation:
2. The investor is suggested to sell the stock on 8th august because the value of
3. The same stock can be bought on 4 th august 2023 as roc reached to its lowest
level of -0.02.
26
Table no. 7 Calculation of rate of change dabur india ltd for the month of june
2023
Date Close price Close price 7 Price ratio Roc = price ratio
days ago -1
06-01-2023 290.1
06-02-2023 299.3
06-03-2023 305.9
06-06-2023 303.25
06-07-2023 307.6
06-08-2023 307.65
06-09-2023 303.35
06-10-2023 301.55 290.1 1.04 0.04
6/13/2023 303.45 299.3 1.01 0.01
6/14/2023 307.9 305.9 1.01 0.01
6/15/2023 312.25 303.25 1.03 0.03
6/16/2023 314.1 307.6 1.02 0.02
6/17/2023 315.15 307.65 1.02 0.02
6/20/2023 313.25 303.35 1.03 0.03
6/21/2023 309.8 301.55 1.03 0.03
6/22/2023 309.8 303.45 1.02 0.02
6/23/2023 306.7 307.9 1 0
6/24/2023 310.85 312.25 1 0
6/27/2023 318.9 314.1 1.02 0.02
6/28/2023 313 315.15 0.99 -0.01
6/29/2023 304.4 313.25 0.97 -0.03
6/30/2023 308.65 309.8 1 0
27
Graph no: 7 dabur india ltd for the month of june 2023
Close price
325
320
315
310
305
300
295
290
285
280
275
23 23 23 23 23 23 23 23 23 23 23 23 23 23 23
/ 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20
1 3 5 7 9 11 13 15 17 19 21 23 25 27 29
6/ 6/ 6/ 6/ 6/ 6/ 6/ 6/ 6/ 6/ 6/ 6/ 6/ 6/ 6/
Close price
Interpretation:
level of -0.03.
28
Table no. 8 Calculation of rate of change dabur india ltd for the month of july
2023

price ago ratio 1
07-01- 310.8 309.8 1 0
2023
07-04- 307.95 306.7 1 0
2023
07-05- 308 310.85 0.99 -0.01
2023
07-06- 308 318.9 0.97 -0.03
2023
07-07- 314.6 313 1.01 0.01
2023
07-08- 312.8 304.4 1.03 0.03
2023
07-11- 315.1 308.65 1.02 0.02
2023
07-12- 313.9 310.8 1.01 0.01
2023
7/13/2023 317.2 307.95 1.03 0.03
7/14/2023 313.75 308 1.02 0.02
7/15/2023 312 308 1.01 0.01
7/18/2023 313.75 314.6 1 0
7/19/2023 310.75 312.8 0.99 -0.01
7/20/2023 304 315.1 0.96 -0.04
7/21/2023 305.1 313.9 0.97 -0.03
7/22/2023 307.6 317.2 0.97 -0.03
7/25/2023 306.85 313.75 0.98 -0.02
7/26/2023 303 312 0.97 -0.03
7/27/2023 307.65 313.75 0.98 -0.02
7/28/2023 307.6 310.75 0.99 -0.01
7/29/2023 303.6 304 1 0
29
Graph no:8 dabur india ltd for the month of july 2023
Close price
320
315
310
305
300
295
23 23 23 23 23 23 23 23 23 23 23 23 23 23 23
/ 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20
1 3 5 7 9 11 13 15 17 19 21 23 25 27 29
7/ 7/ 7/ 7/ 7/ 7/ 7/ 7/ 7/ 7/ 7/ 7/ 7/ 7/ 7/
Close price
Interpretation:
2. The investor is suggested to sell the stock on 8th july because the value of roc
level of -0.04.
30
Table no. 9 Calculation of rate of change dabur india ltd for the month of august
2023
Date Close price Close price 7 days Price ratio Roc = price ratio - 1
ago
08-01-2023 302 305.1 0.99 -0.01
08-02-2023 301.1 307.6 0.98 -0.02
08-03-2023 296.95 306.85 0.97 -0.03
08-04-2023 295.65 303 0.98 -0.02
08-05-2023 295.75 307.65 0.96 -0.04
08-08-2023 292.5 307.6 0.95 -0.05
08-09-2023 289.25 303.6 0.95 -0.05
08-10-2023 286.05 302 0.95 -0.05
08-11-2023 294.55 301.1 0.98 -0.02
08-12-2023 295.8 296.95 1 0
8/15/2023 295.8 295.65 1 0
8/16/2023 298.75 295.75 1.01 0.01
8/17/2023 303.45 292.5 1.04 0.04
8/18/2023 302.2 289.25 1.04 0.04
8/19/2023 299.75 286.05 1.05 0.05
8/22/2023 295.75 294.55 1 0
8/23/2023 290.8 295.8 0.98 -0.02
8/24/2023 293.9 295.8 0.99 -0.01
8/25/2023 292.55 298.75 0.98 -0.02
8/26/2023 288.45 303.45 0.95 -0.05
8/29/2023 288.15 302.2 0.95 -0.05
8/30/2023 293.8 299.75 0.98 -0.02
8/31/2023 290.6 295.75 0.98 -0.02
31
Graph no:9 dabur india ltd for the month of august 2023
Close price
305
300
295
290
285
280
275
23 23 23 23 23 23 23 23 23 23 23 23 23 23 23 23
/ 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20 / 20
1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31
8/ 8/ 8/ 8/ 8/ 8/ 8/ 8/ 8/ 8/ 8/ 8/ 8/ 8/ 8/ 8/
Close price
Interpretation:
2. The investor is suggested to sell the stock on 17 h august because the value of
3. The same stock can be bought on 30th august 2023 as roc reached to its lowest
level of -0.05.
32
CHAPTER-V
FINDINGS, CONCLUSIONS
AND SUGGESTIONS
5. FINDINGS, CONCLUSIONS AND SUGGESTIONS
5.1 FINDINGS
1. The investor is suggested to sell the britannia stock on 30 th june because the
value of roc is positive and higher i.e., 0.08.
2. The same stock can be bought on 21 st june 2023 as roc reached to its lowest
level of -0.01. The same stock can be bought on 19 th july 2023 as roc reached
to its lowest level of -0.02.
3. The investor is suggested to sell the colgate on 28 th june because the value of
level of -0.01.
5. The investor is suggested to sell the dabur on 10 th june because the value of
level of -0.03.
8. The investor is suggested to sell the stock on 17 h august because the value of
9. The same stock can be bought on 30th august 2023 as roc reached to its lowest
level of -0.05.
33
5.2 CONCLUSIONS
1. In indian scenario the investments are spread over bank deposits, savings
certificate, post office, equity markets and the latest mutual fund.
2. Since mutual funds are subject to market risk the investor take help of advisory
services for financial planning which helps the investor to take calculated risk.
Technical analysis is a good indicator that shows the trend movement as well as
3. The varying degree of moving average movement, rate of change and relative
strength indicates. Technical analysis may be used for more than supplement of
fundamental analysis.
5.3SUGGESTIONS
1. Not all investment vehicles are created equal or work for your personal financial
goals. Some provide steady income and are low risk, but yield small returns on
investment; others may provide significant returns, but require a long term
investment commitment.
2. There is a wide assortment of investment vehicles available.
3. Likewise, if the roc approaches 30, a stock is considered oversold and you
should consider buying. Again, make the adjustment to 20 in a bear market.
4. The smaller the number of days used, the more volatile the rsi is and the more
often it will hit extremes. A longer term rsi is more rolling, fluctuating a lot less.
Different sectors and industries have varying threshold levels when it comes to
the rsi.
34
BIBLIOGRAPHY
BIBLIOGRAPHY
BOOK EDITION
S.NO AUTHOR NAME PUBLICATIONS
TITLE /YEAR
investment
analysis & tata mcgraw hill 2005,second

1 Prasanna chandra
portfolio publication edition
management
security
Donald e. Fisher and analysis and 1995, sixth

2 pearson education
ronald j. Jordan portfolio edition
management
35

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A STUDY ON

ANALYSIS OF NIFTY BASED BLUE CHIP WITH

5.1 FINDINGS, 33-34

TABLE TABLE NAME PAGE

2. Calculation of rate of change of britannia industries 17

3. Calculation of rate of change of britannia industries 19

4. Calculation of rate of change colgate-palmolive 21

5. Calculation of rate of change colgate-palmolive 23

6. Calculation of rate of change colgate-palmolive 25

7. Calculation of rate of change dabur india ltd for the 27

8. Calculation of rate of change dabur india ltd for the 29

GRAPH GRAPH NAME PAGE

2. Calculation of rate of change of britannia industries 18

3. Calculation of rate of change of britannia industries 20

4. Calculation of rate of change colgate-palmolive 22

5. Calculation of rate of change colgate-palmolive 24

6. Calculation of rate of change colgate-palmolive 26

7. Calculation of rate of change dabur india ltd for the 28

8. Calculation of rate of change dabur india ltd for the 30

India is a developing country. Nowadays many people are interested to invest in

showing interest to invest in stock market.

In an industry plagued with skepticism and a stock market increasingly difficult to

the day trader and short term investor.

neither easily quantifiable nor predictable. If prices are based on investor

investor cannot disprove.

following characteristics to be considered a blue chip:

3. Financial strength, a record of profit growth and reputation for

4. Established, well-known company considered to be stable and mature with a

reputation for providing high-quality goods and services; and

5. Leader in its market niche.

6. In addition, companies are analyzed for their record of earnings over a

not required, are considered.

For example,microsoft would be considered a bellwether stock for computer software.

Large cap is a reference to the size of a company in terms of total market

capitalization. Market capitalization is simply calculated by taking the number of

1.4 NEED FOR THE STUDY

financial stability and a record of successfully weathering any economic condition. In

addition to exceptional potential for long-term growth, blue-chip stocks traditionally

performance of blue chip companies.

1.5 OBJECTIVES OF THE STUDY

basis of historical data.

The main objectives of the project study are:

and tata motors.

3. To help the investor for decision making in investment.

1.6 SCOPE OF THE STUDY

fundamental analysis of the chosen stocks.

1.7 RESEARCH METHODOLOGY

achieved to arrive at a particular conclusion.

other stocks chosen.

stocks as fundamental analysis is very exhaustive and requires detailed study.

manuals, websites and other published materials of the company.

1.8 LIMITATIONS OF STUDY

2. The study is restricted to eight companies based on fundamental analysis.

i.e. For a period of 45 days.

5. Suggestions and conclusions are based on the study conducted.

offers portfolio management services.

ABML is also registered as a Depository Participant with National Securities

Repository for holding insurance policies in electronic form. Aditya Birla

Commodities Broking limited (a wholly owned subsidiary of ABML), a member of

ABML during Dec 2020.

of FY2023-2023. It has a combined pan India distribution network of over 41

branches spread across Andhra Pradesh, Chandigarh, Rajasthan, Chhattisgarh,

offline model with a strong technological backbone to support a large registered

customer base of around 350,685 customers. It offers a wide range of solutions