Report On

Summer Internship at

Profit Idea (The QuantScientist Fintech Pvt Ltd) Headquarters- DLF Ultima Rd,
Sector 81, Gurgaon, Haryana 122001 Finance Internship

Submitted by Submitted to

Name- Satyam Swaroop Name- Dr. Mohd. Mehndi

PG No- 2332165 Designation- Professor

MBA (Finance)

Internship start date- 15.04.2024

Internship end date- 15.07.2024 (3 Months)

 IILM University, Greater Noida

REPORT

Presented to Dr. Mohd. Mehndi

In partial fulfillment of the requirement for the degree Masters of

Business Administration

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 Student Declaration

I declare that I, Satyam Swaroop, have completed this work and that I have not used any other than
permitted reference sources or materials nor engaged in any plagiarism. All references and other sources
used by me have been appropriately acknowledged in the work. I further declare that the work has not
been submitted for the purpose of academic examination, either in its original or similar form, anywhere
else.

Signature Place / Date

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 INTERNSHIP APPROVAL FORM

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 Acknowledgment

I, Satyam Swaroop (2332165) IILM 2023-2025 batch would want to express my sincere gratitude to both
of my professional mentors, Mr.Abhit Deshwal(manager), And Mr. Varun Aggrwal sir who provided me
with the opportunity to do an internship at their company and who advised me throughout the internship.
Also, a special thank you to Dr. Sandeep Kumar, who was my college mentor and continued to advise me
during my internship. And a big thank you to Dr. Shyamali Sathapathy , Dr. Shivi Mittal and Dr.
Mohd Mehndi for helping to guide me in placement opportunities. I extend my warm gratitude and
regards to everyone who helped me during my internship.

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 Table of Contents

S.NO CONTENTS PAGE NO.

1 Summary 7

2 About the Company 8-9

3 Roles and Responsibilities 10-27

5 Organizational Structure and Finding 31-32

6 Challenges faced during the 33

internship

7 Conclusion 34

8 Internship progress report 35-39

9 Feedback form 40-41

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 Summary

A very important or essential component of the MBA program is the two-month Summer Internship
Program (SIP). With many students lacking work experience, SIP provides students with extensive study
and industry experience to add value to their resumes. At IILM, there were many alternatives and choices
regarding SIP selection. The first contact day at The Profit Idea Company was on April 15, 2024, which
also acted as an icebreaker for me. In the last 90 days, I have learned a lot about how the consultancy
sector, and Equity research sector work and s knowledge about the financial portfolio including
networking and services provided. I learned how Research and analysis work diligently to gain the trust
of their clients and retain clients. It also helped me improve my analytical skills and my technical
analysis skills as well. I have also learned about derivatives and fundamental analysis of the stock. They
have also made me learn about the strategies while holding, selling, or buying stock. Key learnings were
Fundamental Analysis · Technical Analysis · Stock Market · Canva · Equity Derivatives · Financial
Analysis · Financial Markets · During SIP in the organization, we got an opportunity to make a report on
a company, in which I had done research on
TATA STEEL LTD. and worked on the data from 5 years back.

Equity Research Analysis This internship strengthens my personality and tries to teach me a new thing
within the organization. The internship program is very important and a requirement for all MBA
students. An internship is an opportunity given to students to join an organization to practice what they
have learned in college, develop skills, and build professional networks.

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 About The Company

Profit Idea is India’s No. 1 Institute for Capital and Financial Markets education with fund management
of 1700 crores. Profit Idea where each idea is incepted with the idea of gain and profit! Here’s that one-
stop solution to all the challenges of Technical Analysis, Derivatives Analysis, and all Asset & Wealth
management success strategies. We, at Profit Idea believe in making you financially avid and versed in
all kinds of wealth analysis and management skills through more than 28 courses. Not only do these
courses become an asset to your existing skill set but also bring along the brand equity of names like
CFA, NSE, NSIM, and BSE certification. Not to speak of 5 more validated certifications of leaders in the
field. The training gives you hands-on experience and an on-field approach to cutting through the
emergent trends of markets and stocks. A never before opportunity to work with and learn under the trend-
observers and lead predictors of the unpredictable stock economy.

The Profit Idea company is here to help you with everything related to your finances.

1. Fundamental Analysis

2. Technical Analysis

3. Stock Market

4. Equity Derivatives

5. Financial Analysis

6. Financial Markets

7. Equity Research Analysis

8. Value Investing

9. Stock Market Analysis

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 : Company website- http://www.profitidea.in

: Headquarters - Gurgaon, Haryana Profit Idea

DLF Ultima Rd, Sector 81, Gurgaon, Haryana 122001, IN

: Founded- 2011

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 ROLES AND RESPONSIBILITIES DURING SIP
During the tenure of my SIP, I was entrusted with various roles and responsibilities that greatly
contributed to my professional growth. These tasks encompassed diverse areas, and I had the opportunity
to delve into them extensively. In the subsequent sections of this report, I will provide a detailed account
of the specific roles I undertook and the corresponding responsibilities that were assigned to me. This
comprehensive overview will shed light on the practical experiences gained and the skills developed
throughout my SIP journey.

During SIP in the organization, we got an opportunity to make a report on a company, in which I
had done research on TATA STEEL LTD. and worked on the data from 5 years back, based on
technical analysis, fundamental analysis and Derivatives.

Fundamental analysis-Fundamental are associated with the economic health of a company. The
fundamental tells you the financial position of a company. We can say a company is having healthy
fundamentals if it is growing at a nice pace, generating a profit, and has limited debts (pledge
percentage) and abundant cash. The project work is an outcome of “A study on fundamental analysis of
TATA STEEL limited”. The study was carried out for the period of five years (2018-2023) to analyze the
financial performance of the Reliance industries. The tools used for analysis are ratio analysis (using
Piotroski score and other metrics) also by trend analysis. The findings from the analysis were
discussed in detail suggestions for corrective action like maintaining good solvency in order to meet
short-term and long-term obligations were given wherever applicable.

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 Brief Description of the Sector

The steel industry is super important in the world. It helps us build things and make progress. Steel is used in
construction, cars, ships, and more. It's a big deal because it creates jobs and adds a lot to the economy.

Making steel involves turning iron ore and scrap metal into steel. Here are the steps:

First, we get the raw materials like iron ore, coal, and.
Then comes iron making where iron ore becomes molten iron.
After that is the steel making process which refines the molten iron to make steel.
Next is casting into different shapes like slabs or bars.
Finally, finishing touches are added before the products are ready for use.

Steel production happens all over the globe in places like Asia, Europe, and North America. China makes the
most steel followed by India, Japan, the United States, and Russia.

Some major players in the steel industry are ArcelorMittal from Luxembourg, China Bouw Steel Group in China,
Nippon Steel Corporation in Japan, POSCO in South Korea, and Tata Steel in India.

They all contribute a lot to making steel accessible for everyone.

Overview of the Steel Industry

The steel industry encompasses the processes involved in producing steel from iron ore and scrap metal. The
primary stages of steel production include:

1. Raw Material Extraction: Iron ore, coal, and limestone are the essential raw materials used in steel
production. Iron ore is mined from the earth, while coal is converted into coke, which is used as a
reducing agent in the blast furnace.

2. Iron Making: In the blast furnace, iron ore is reduced to molten iron through a chemical reaction with
coke. The impurities are removed as slag, and the resulting molten iron, known as pig iron, is used in the
next stage of production.

3. Steel Making: The pig iron is further refined in a basic oxygen furnace (BOF) or electric arc furnace
(EAF) to produce steel. In the BOF process, oxygen is blown into the molten pig iron to reduce carbon
content, resulting in crude steel. The EAF process involves melting scrap steel using electric arcs,
offering flexibility in production and energy efficiency.

4. Casting and Rolling: The crude steel is cast into various shapes such as slabs, billets, or blooms. These
cast products are then rolled into finished products like sheets, plates, bars, and structural sections
through hot and cold rolling processes.

5. Finishing and Coating: Steel products undergo additional finishing processes, including heat treatment,
surface coating, and quality inspection to meet specific industry standards and customer requirements.

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 Short History of TATA STEEL LTD.

Tata Steel was established in 1907 by Jamshedji Tata, an innovative industrialist, with the creation of India's first
integrated steel plant in Jamshedpur, Jharkhand. The plant began production in 1912, marking the early days of
India's steel industry. Over time, Tata Steel expanded its operations, adopting modern technologies and increasing
its production capacity.

The idea for Tata Steel was conceived in the late 19th century, but it wasn't until 1907 that the Tata Iron and Steel
Company (TISCO) was formally established. The site for the steel plant was chosen in Sakchai, which was later
renamed Jamshedpur in honor of its founder. The location was strategically selected for its proximity to iron ore
and coal mines, as well as access to water and railways.

In 1912, Tata Steel commenced production at its Jamshedpur plant, which was inaugurated by Lord Chelmsford,
the then Viceroy of India. The plant had an initial capacity of 100,000 tons of steel per year. Tata Steel's early
products included rails, fish plates, and other steel products that were essential for the construction of railways
and infrastructure in India.

Over the decades, Tata Steel expanded its production capacity and diversified its product portfolio. After India
gained independence in 1947, Tata Steel continued to grow and evolve. The company expanded its operations,
setting up new plants and acquiring additional resources. In the 1950s and 1960s, Tata Steel established its own
research and development (R&D) department to drive innovation and improve production processes.

In the 2000s, Tata Steel pursued a series of strategic acquisitions to enhance its global presence. In 2007, the
company made a landmark deal by acquiring Corus Group, a major European steel producer, significantly
expanding its global footprint. This was followed by integrating various steel manufacturing units in Southeast
Asia, further strengthening Tata Steel's position in the global market.

Today, Tata Steel continues to be a leading industry player with its focus on sustainability, innovation, and
operational excellence. The company's dedication to environmental stewardship, corporate social responsibility,
and community development has established its reputation as a responsible corporate citizen.

Here's a brief overview of some key players in the steel industry

JSW Steel

JSW Steel is one of India's leading steel producers and a flagship company of the JSW Group. Known for its
innovative and sustainable practices, JSW Steel operates state-of-the-art manufacturing facilities across India.
The company produces a wide range of steel products, including hot and cold rolled coils, galvanized sheets, and
TMT bars, catering to various industries such as automotive, construction, and infrastructure. JSW Steel is
renowned for its emphasis on technological advancements and environmental sustainability, making it a key
player in the global steel market.

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Steel Authority of India Limited (SAIL)

SAIL is one of the largest state-owned steel-making companies in India and a significant player in the global steel
industry. With integrated steel plants located in Bhilai, Rourkela, Durgapur, Bokaro, and Burnpur, SAIL has a
diversified product portfolio that includes flat and long products, special steels, and value-added products. The
company's extensive infrastructure and strong focus on research and development enable it to maintain a
competitive edge. SAIL plays a vital role in supporting India's infrastructure development and industrial growth.

Shyam Metalics

Shyam Metalics and Energy Limited is a prominent steel and ferroalloy producer in India. The company operates
in various segments, including sponge iron, ferroalloys, billets, and TMT bars. Shyam Metalics is known for its
vertically integrated operations, ensuring control over the entire value chain from raw material sourcing to
finished product delivery. The company's focus on cost-efficiency, quality, and sustainable practices has helped it
establish a strong presence in the domestic market. Shyam Metalics aims to expand its production capacity and
enhance its market position through continuous investments in technology and infrastructure.

These key players contribute significantly to the steel industry's growth and development, driving innovation and
maintaining competitiveness in both domestic

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 Organizational Structure
⇒ Department 1: I was working in Finance department in which I have
to directly report to Mr. Abhit Deshwal.
⇒ Department 2: My second department was finance Portfolio adviser. in which I have to
directly report to Mr. Abhit Deshwal.
⇒ Roles and Tasks: As an intern, our role was to analyze stock closely the movement of stock which I
chose that is TATASTEEL LTD. and many more stocks that I assigned by my manager.

⇒ New Skills: During the internship, I have personally learned a lot and gained a
lot of new skills like how to work under a team, my confidence got boosted a lot

⇒ Knowledge: I have gained a lot of knowledge about how the stock sector grows its client base and
what is the financial portfolio.

. Findings:

I have the opportunity to observe and participate in day-to-day operations such as client interactions and
understanding what is the portfolio. This gave me a comprehensive understanding of how my company
works. I was involved in analyzing closely my mentor’s future opportunities

one of the key findings was the importance of a comprehensive and multi-faceted approach to evaluating
investment opportunities. I discovered that successful equity research analysis requires a combination of
financial expertise, industry knowledge, and a deep understanding of company fundamentals.

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 .

Challenges:

Working as an intern is complex and highly regulated. I find it difficult to quickly understand the
complexity of networking to win clients, difficulty in technical analysis, research on the last five-year
data to analysis with the help of fundamental analysis or ratio analysis.

I faced some tough challenges that helped me grow and improve my skills. One of the biggest hurdles I
encountered was getting reliable and up-to-date data. It wasn't always easy to find accurate financial
information and details about the companies

I was studying. Sometimes, the data I found was incomplete, making it hard to do a thorough analysis.
Facing the data quality and availability challenge taught me to be resourceful and flexible. It showed me
that in the real world, things don't always go as planned, and I need to adapt and find solutions.
These experiences helped me become better at analyzing information and drawing meaningful conclusions.

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 .

Conclusion:

To sum up, my journey with The Profit Idea Company has been very wholesome. On the whole, this
internship was a great learning experience. I have gained new knowledge, and skills and met many new
people. I achieved several of my learning goals, however for some the conditions did not permit. I got
an insight into professional practice. I learned the different facts of working within a company I
experienced that the stock market, as in many organizations, is an important factor in the progress of
projects.

Enhanced Industry Knowledge, Research and Data Gathering

Adaptability and Resilience: The dynamic nature of the equity research industry demands adaptability
and resilience. I have learned to embrace change, navigate uncertainties, and remain focused on
delivering high-quality outputs despite challenging situations.
I have gained invaluable experience and developed essential skills that have contributed significantly to
my professional growth. This internship has been an enriching journey, and I am pleased to share some

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key conclusions from my time in this role.

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 5 th Progress Report
7 th July 2024

st

Name of the student URN No. Name of the faculty

Satyam Swaroop 2332165 Mentor :- Dr. Mohd.
Mehndi
Company Name Name of the company Location
Profit Idea advisor and Contact No. Work From Home
Abhit Deshwal
Contact number:
8930030195
The topic of the project Equity Research Analyst
Responsibilities for To Analyse the market trends.
this reporting period

What experiences To analyze stocks to make better-informed investment decisions. To

were particularly employ problem-solving skills, data interpretation, and various other tools
Rewarding during to understand and predict a given security's behavioral outlook. To know
this reporting about the fundamental
period? analysis and technical analysis of a company.
What experiences were Manual repetitive work a number of times with predefined steps is
particularly mentally exhausting.
Disappointing or
frustrating?
Describe other Understanding the stock market. To know how the market behaves. That
professional growth helps in thinking and presenting some of the decisions while trading. We
Opportunities (e.g., get clarity about the stock chart which is helpful for visualization and
conferences, field prediction. We get clarity about our thinking is different from those who
trips, directed are going to visualize these charts, so there is no scope for self-
readings, meetings, assumption.
research...) that you
were able to
capitalize on last two
weeks and/or hope to
have next week.
Describe principal guidelines for buying and selling financial instruments within the same
tasks and duties to be trading day. These rules include setting entry and exit points, limiting
performed and losses, and avoiding emotional decision-making. To analyze the future
accomplishments trend of a company in the market in coming years as per the historical data
during the upcoming and past performance.
week.
Other Comments Profit Idea is a very friendly environment. All team members are very
supportive, they use to introduce work and use to provide relevant
information in the working field. They have the doubt-clearing
session and solve our doubts easily.

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