technical analysis of selected automobile stocks listed on...

International Journal of Management and Social Sciences Research (IJMSSR) ISSN: 2319-4421 Volume 5, No. 7, July 2016

i-Explore International Research Journal Consortium www.irjcjournals.org

46

Technical Analysis of Selected Automobile Stocks Listed on

NSE

Vicky Khanna, Student, Periyar Management and Computer College

ABSTRACT

Technical analysis is the process of analyzing a securities

historical price in an effort to determine probable future

prices. This is done by comparing current price action

(i.e., current expectation) with comparable historical price

action to predict a reasonable outcome. The objectives of

the study are to forecast stock prices using technical

analysis tools, to know the movements (upward or

downward) of stock prices of selected company stocks

through technical analysis and to undertake investment

decision on the basis of risk and return. In view of the

objects of the study listed above an Exploratory has been

adopted for the present study. Result show that on the

basis of beta values, Tata Motors Ltd. has comparatively

lower level of beta than other automobile companies and

the beta of some has witnessed a declining trend. Thereby

according to risk perception, it is advisable to invest in

Tata Motors Ltd. On the basis of volume of trade, Tata

Motors Ltd. have stability in volume of shares traded

unlikely Maruti Suzuki India Ltd. which has witnessed an

increase in volume only in month of December. Thereby

risk and return parameters both signify investment in Tata

Motors Ltd.

Keywords NSE, Exponential Moving Average, Moving Average

Convergence Divergence, Rate of Change Indicator,

Relative Strength, Relative Strength Index

INTRODUCTION

Technical Analysis is important to form a view on the

likely trend of the overall market, and it is helpful to have

some idea of how to go about selecting individual stocks.

Naturally, all investors would like their investments to

appreciate rapidly in price, but stocks, which may satisfy

this wish, tend to accompanied by a substantially greater

amount of risk then many investors are normally willing to

accept. However, it is important to understand that

investors can be very conscious when it comes to stock

ownership.

Technical analysis is the use of numerical series generated

by market activity, such as price and volume, to predict

future price trends. The techniques applied to any market

with a comprehensive price history. Primarily, but not

exclusively, technical analysis is conducted by studying

charts of past price movement. Many different methods

and tools are used in technical analysis, but they all rely on

the assumption that price patterns and trends exist in

markets, and that they can be identified and exploited.

Technical analysis or charting is considered to be as a

supplement to Fundamental Analysis of securities. As an

approach to investment analysis technical analysis is

radically different from fundamental analysis. While the

fundamental analysts believe that the market is 90%

logical and 10% psychological, the technical analysis

assumes that its 90% psychological and 10% logical.

Technical analysis can be applied to any market with a

comprehensive price history. The premises of technical

analysis were derived from empirical observations of

financial markets over hundreds of years. Perhaps the

oldest branch of technical analysis is the use of candlestick

techniques by Japanese traders at least as early as the 18th

century, and still very popular today.

INDICATORS OF THE TECHNICAL

ANALYSIS

Exponential Moving Average (EMA) - Are calculated by

applying a percentage of today’s closing price to

yesterday’s moving average value. Use an exponential

moving average to place more weight on recent prices.

This moving average calculation uses a smoothing factor

to place a higher weight on recent data points and is

regarded as much more efficient than the linear weighted

average.

Rate of change indicators (ROC)- It is a very popular

oscillator which measures the rate of change of the current

price as compared to the price a certain number of days or

weeks back. The ROC has to be used along with price

chart. The buying and selling signals indicated by the

ROC should also be confirmed by the price chart.

Moving Average Convergence Divergence (MACD) -

Common, the “MACD” is a trend following, momentum

indicator that shows the relationship between two moving

averages of prices. To Calculate the MACD subtract the

26-day EMA from a 12-day EMA. A 9-day dotted EMA

of the MACD called the signal line is then plotted on top

of the MACD.

Relative strength index (RSI) - Relative Strength Index

(RSI), which is a comparison between the days that a stock



47

finishes up and the days it finishes down. This indicator is

a big tool in momentum trading. The RSI is a reasonably

simple model that anyone can use. It is calculated using

the following formula. RSI = 100 - [100/ (1 + RS)],

RS=(Avg. of n-day up closes)/ (Avg. of n-day down

closes), n = days (most analysts use 9 - 15 day RSI).

On-Balance Volume- The on-balance volume (OBV)

indicator is well-known technical indicators that reflect

movements in volume. It is also one of the simplest

volume indicators to compute and understand.

OBJECTIVES OF STUDY

This study is aimed at undertaking technical analysis of

selected companies included in the NIFTY and to

demonstrate how technical analysis can be of invaluable

use for the investors in marketing their investment

decisions.

To forecast stock prices using technical analysis

tools.

To know the movements (upward or downward) of

stock prices of selected company stocks through

Technical analysis.

To undertake investment decision on the basis of

risk and return.

LITERATURE REVIEW

Mrs. J. Nithya and Dr. G. T. Chelvan (2014), this study is

aimed at undertaking technical analysis of selected

companies. The project also demonstrates how technical

analysis can be of valuable use for the investors in

marking their investment decisions. To analyze tools of

technical analysis can be used in forecasting stock prices.

To find the right stock for investment and to provide the

justification for the investment based on the candlestick

charts and indicators. To know the movements (upward or

downward) of stock prices of selected company stocks

through Technical analysis. C. Boobalan (2014),

“Technical analysts believe that the historical performance

of Stocks and markets are indications of future

performance”. Technical Analysis is the forecasting of

future financial price movements based on an examination

of past price movements. Technical analysis does not

result in absolute predictions about the future with regard

to forecasting. Instead, technical analysis can help

investors anticipate what is "possible" to happen to prices

over time. Technical analysis is study of predicting prices

of securities for future the main aim of technical analysis

is to generate returns by charter person decide when to

enter and when to exit in the security. Technical Analysis

is of the stock market relating to factors affecting the

supply and demand of stocks. It helps in understanding the

intrinsic value of shares and knowing whether the shares

are undervalued or overvalued. The stock market

indicators would help the investor to identify major market

turning points. This is a significant technical analysis of

selected companies which helps to understand the price

behavior of the shares, the signals given by them and the

major turning points of the market price. This paper is

aims at carrying out Technical Analysis of the securities of

the selected companies and to assist investment decisions

in this Indian Market. C. L. Osler (2001) provides a

microstructural explanation for the success of two familiar

predictions from technical analysis: (1) trends tend to be

reversed at predictable support and resistance levels, and

(2) trends gain momentum once predictable support and

resistance levels are crossed. The explanation is based on a

close examination of stop-loss and take-profit orders at a

large foreign exchange dealing bank. Take-profit orders

tend to reflect price trends and stop-loss Technical

Analysis on Selected Stocks of Energy Sector orders tend

to intensify trends. The requested execution rates of these

orders are strongly clustered at round numbers, which are

often used as support and resistance levels. Significantly,

there are marked differences between the clustering

patterns of stop-loss and take-profit orders, and between

the patterns of stop-loss buy and stop-loss sell orders.

These differences explain the success of the two

predictions. Gupta (2003) examined the perceptions about

the main sources of his worries concerning the stock

market. A sample comprise of middle-class household’s

spread over 21 sates/union territories. The study reveals

that the foremost cause of worry for household investors is

fraudulent company management and in the second place

is too much volatility and in the third place is too much

price manipulation. Ravindra and Wang (2006) examine

the relationship of trading volume to stock indices in

Asian markets. Stock market indices from six developing

markets in Asia are analyzed over the 34 month period

ending in October 2005. In the South Korean market, the

causality extends from the stock indices to trading volume

while the causality is the opposite in the Taiwanese

market.

RESEARCH METHODOLOGY

In view of the objects of the study listed above an

Exploratory and Analytical Research design has been

adopted for the present study. Secondary data have been

used for analysis collected from following sources NSE,

Yahoo finance and Stockcharts.com. Technical analysis

has been performed on quarterly basis from 1st January

2015-31st December 2015 for following Automobile

stocks: Bajaj Auto Limited, Hero MotoCorp. Limited,

Maruti Udyog India Limited, Tata Motors Limited and

TVS Motors Company Limited.

Analytical tools used are inclusive of Exponential Moving

average (EMA), Rate of change Indicator (ROC), Moving

average, convergence and divergence (MACD), Relative

strength index (RSI) and On-Balance Volume.



48

BAJAJ AUTO LIMITED

Analysis of Bajaj Auto Ltd. for the period 1 January 2015 to 31 December 2015.

Graph 1: Bajaj Auto Ltd. for the period 1 January 2015 to 31 December 2015

Table 1: Bajaj Auto Ltd. for the period 1 January 2015 to 31 March 2015

DATE VOLUME RS RSI

STOCK

PRICE

DAILY

RETURNS (%)

NIFTY AUTO

INDEX

DAILY

RETURNS (%) BETA

NIFTY

INDEX

DAILY

RETURNS (%) BETA

1-Jan-15 72928 1.5 60.07 2452.15 8318.8 0.248 8284 0.252

2-Jan-15 164726 1.49 59.83 2451.75 -0.016312216 8365.4 0.560176949 8395.45 1.345364558

5-Jan-15 118873 1.21 54.82 2460.7 0.365045376 8467.95 1.225882803 8378.4 -0.203086195

6-Jan-15 580496 1.47 59.52 2441.5 -0.780265778 8248.2 -2.595079092 8127.35 -2.996395493

7-Jan-15 189191 1.44 58.98 2447.2 0.233463035 8254.7 0.078805073 8102.1 -0.310679373

8-Jan-15 4301348 1.5 59.99 2450.4 0.130761687 8397.3 1.727500697 8234.6 1.635378482

9-Jan-15 245974 2.11 67.86 2375.85 -3.042360431 8397 -0.003572577 8284.5 0.605979647

12-Jan-15 203022 2.78 73.51 2334 -1.761474841 8409.55 0.14945814 8323 0.464723278

13-Jan-15 161658 2.65 72.64 2324.1 -0.424164524 8398.8 -0.127830859 8299.4 -0.283551604

14-Jan-15 217775 4.03 80.11 2363.45 1.693128523 8427.7 0.344096776 8277.55 -0.263272044

15-Jan-15 726566 2.36 70.24 2417.95 2.305951046 8614.7 2.218873477 8494.15 2.616716299

16-Jan-15 270014 1.46 59.4 2420.15 0.090986166 8623.6 0.103311781 8513.8 0.231335684

19-Jan-15 368777 1.48 59.74 2403.9 -0.671445985 8694.9 0.826800872 8550.7 0.433413987

20-Jan-15 197434 1.38 58.03 2404.25 0.014559674 8760.9 0.759065659 8695.6 1.694598103

21-Jan-15 201858 1.61 61.74 2446.65 1.763543725 8779.95 0.217443413 8729.5 0.389852339

22-Jan-15 748394 1.38 57.99 2444.3 -0.096049701 8842 0.706723842 8761.4 0.365427573

23-Jan-15 356732 1.4 58.28 2441.5 -0.114552224 8983.1 1.595792807 8835.6 0.846896615

27-Jan-15 507659 1.13 53.05 2419.85 -0.886749949 9099.6 1.296879696 8910.5 0.847707003

28-Jan-15 963742 1.15 53.41 2398.8 -0.869888629 9043.15 -0.620356939 8914.3 0.042646316

29-Jan-15 391136 1.01 50.14 2404.7 0.245956311 9049.7 0.072430514 8952.35 0.426842265

30-Jan-15 261718 0.99 49.67 2391.7 -0.540607976 8930.85 -1.313303203 8808.9 -1.602372561

2-Feb-15 444651 0.67 40.04 2349.3 -1.772797592 8976.1 0.506670698 8797.4 -0.130549785

3-Feb-15 727453 0.67 40.14 2260.75 -3.769207849 8919.7 -0.628335246 8756.55 -0.464341737

4-Feb-15 399841 1.08 51.88 2245.3 -0.683401526 8812.5 -1.201834142 8723.7 -0.375147747

5-Feb-15 272367 1.18 54.1 2245.3 0 8749.65 -0.713191489 8711.7 -0.137556312

6-Feb-15 296601 1.95 66.14 2223.3 -0.979824522 8496.3 -2.895544393 8661.05 -0.581402023

9-Feb-15 274052 1.51 60.22 2269.15 2.062249809 8294.45 -2.375740028 8526.35 -1.555238684

10-Feb-15 258202 1.08 51.88 2267.95 -0.052883238 8436.05 1.707165635 8565.55 0.459751242

11-Feb-15 212912 0.73 42.34 2280.6 0.557772438 8514.15 0.925788728 8627.4 0.722078559

12-Feb-15 638711 1.07 51.77 2262.45 -0.795843199 8654.3 1.646083285 8711.55 0.975380764

13-Feb-15 543888 1.15 53.43 2260.8 -0.072929789 8759 1.209803219 8805.5 1.078453318

16-Feb-15 1062376 0.78 43.9 2261.85 0.046443737 8792.55 0.383034593 8809.35 0.043722673

18-Feb-15 318828 1.52 60.28 2240.3 -0.952759909 8884.85 1.049752347 8869.1 0.678256625

19-Feb-15 924708 1.52 60.33 2212.55 -1.238673392 8871.65 -0.148567505 8895.3 0.295407651

20-Feb-15 506875 1.27 55.91 2206.8 -0.259881133 8874.65 0.033815581 8833.6 -0.693624723

23-Feb-15 427575 1.23 55.19 2181.15 -1.162316476 8804.15 -0.794397526 8754.95 -0.89035048

24-Feb-15 280197 1.15 53.43 2191.45 0.472227953 8777.7 -0.300426503 8762.1 0.081668085

25-Feb-15 407474 0.89 46.96 2179.95 -0.524766707 8781.3 0.041013022 8767.25 0.058775864

26-Feb-15 735318 0.86 46.24 2134.85 -2.06885479 8640.7 -1.601129673 8683.85 -0.951267501

27-Feb-15 424147 1.03 50.8 2150.5 0.733072581 8841.8 2.327357737 8844.6 1.851137456

28-Feb-15 162188 1.76 63.82 2153.45 0.137177401 8935.35 1.05804248 8901.85 0.647287611

2-Mar-15 789363 2.06 67.37 2074.25 -3.677819313 8919.55 -0.176825754 8956.75 0.616725737

3-Mar-15 325920 3.08 75.5 2117.5 2.085090997 8838.8 -0.90531473 8996.25 0.441008178

4-Mar-15 421933 1.86 65.07 2122.1 0.217237308 8777.85 -0.689573245 8922.65 -0.818118661

5-Mar-15 237799 2.1 67.77 2118.65 -0.162574808 8825.65 0.544552482 8937.75 0.169232235

9-Mar-15 334555 2.12 67.95 2109.85 -0.415358837 8727.05 -1.117198167 8756.75 -2.025118179

10-Mar-15 401075 1.66 62.35 2129.25 0.919496647 8756.4 0.336310666 8712.05 -0.510463357

11-Mar-15 338536 1.62 61.78 2098.3 -1.453563461 8761.5 0.058243114 8699.95 -0.138888092

12-Mar-15 475656 1.64 62.14 2072.75 -1.217652385 8851.65 1.028933402 8776 0.874142955

13-Mar-15 828945 1.8 64.23 2023.1 -2.395368472 8721.75 -1.467523004 8647.75 -1.461371923

16-Mar-15 371543 1.97 66.37 2025.5 0.118629826 8697.85 -0.274027575 8633.15 -0.168830042

17-Mar-15 256565 2.16 68.36 2047.2 1.07134041 8807.4 1.25950666 8723.3 1.044230669

18-Mar-15 634025 2.21 68.82 2031.25 -0.779112935 8748.75 -0.665917297 8685.9 -0.428736831

19-Mar-15 500745 1.94 66.01 2025.35 -0.290461538 8719.55 -0.333761966 8634.65 -0.590036726

20-Mar-15 579513 1.75 63.57 2017.85 -0.370306367 8585.95 -1.532189161 8570.9 -0.73830439

23-Mar-15 420806 1.38 57.99 2031.75 0.688851996 8597.8 0.138016178 8550.9 -0.233347723

24-Mar-15 1002496 1.05 51.29 2028 -0.184569952 8480.8 -1.360813231 8542.95 -0.09297267

25-Mar-15 722561 1.36 57.58 2016.85 -0.549802761 8515.65 0.410928214 8530.8 -0.142222534

26-Mar-15 1046160 1.13 53.13 2004.3 -0.622257481 8385.35 -1.530123948 8342.15 -2.211398696

27-Mar-15 439910 1.2 54.48 2016.9 0.628648406 8435 0.592104086 8341.4 -0.008990488

30-Mar-15 235638 1.29 56.39 2028 0.550349546 8574.45 1.653230587 8492.3 1.809048841

31-Mar-15 263684 1.47 59.47 2016.6 -0.562130178 8621.75 0.551638881 8491 -0.015307985



49

DATE VOLUME RS RSI

STOCK

PRICE

DAILY

RETURNS (%)

NIFTY AUTO

INDEX

DAILY

RETURNS (%) BETA

NIFTY

INDEX

DAILY

RETURNS (%) BETA

1-Jan-15 72928 1.5 60.07 2452.15 8318.8 0.248 8284 0.252

2-Jan-15 164726 1.49 59.83 2451.75 -0.016312216 8365.4 0.560176949 8395.45 1.345364558

5-Jan-15 118873 1.21 54.82 2460.7 0.365045376 8467.95 1.225882803 8378.4 -0.203086195

6-Jan-15 580496 1.47 59.52 2441.5 -0.780265778 8248.2 -2.595079092 8127.35 -2.996395493

7-Jan-15 189191 1.44 58.98 2447.2 0.233463035 8254.7 0.078805073 8102.1 -0.310679373

8-Jan-15 4301348 1.5 59.99 2450.4 0.130761687 8397.3 1.727500697 8234.6 1.635378482

9-Jan-15 245974 2.11 67.86 2375.85 -3.042360431 8397 -0.003572577 8284.5 0.605979647

12-Jan-15 203022 2.78 73.51 2334 -1.761474841 8409.55 0.14945814 8323 0.464723278

13-Jan-15 161658 2.65 72.64 2324.1 -0.424164524 8398.8 -0.127830859 8299.4 -0.283551604

14-Jan-15 217775 4.03 80.11 2363.45 1.693128523 8427.7 0.344096776 8277.55 -0.263272044

15-Jan-15 726566 2.36 70.24 2417.95 2.305951046 8614.7 2.218873477 8494.15 2.616716299

16-Jan-15 270014 1.46 59.4 2420.15 0.090986166 8623.6 0.103311781 8513.8 0.231335684

19-Jan-15 368777 1.48 59.74 2403.9 -0.671445985 8694.9 0.826800872 8550.7 0.433413987

20-Jan-15 197434 1.38 58.03 2404.25 0.014559674 8760.9 0.759065659 8695.6 1.694598103

21-Jan-15 201858 1.61 61.74 2446.65 1.763543725 8779.95 0.217443413 8729.5 0.389852339

22-Jan-15 748394 1.38 57.99 2444.3 -0.096049701 8842 0.706723842 8761.4 0.365427573

23-Jan-15 356732 1.4 58.28 2441.5 -0.114552224 8983.1 1.595792807 8835.6 0.846896615

27-Jan-15 507659 1.13 53.05 2419.85 -0.886749949 9099.6 1.296879696 8910.5 0.847707003

28-Jan-15 963742 1.15 53.41 2398.8 -0.869888629 9043.15 -0.620356939 8914.3 0.042646316

29-Jan-15 391136 1.01 50.14 2404.7 0.245956311 9049.7 0.072430514 8952.35 0.426842265

30-Jan-15 261718 0.99 49.67 2391.7 -0.540607976 8930.85 -1.313303203 8808.9 -1.602372561

2-Feb-15 444651 0.67 40.04 2349.3 -1.772797592 8976.1 0.506670698 8797.4 -0.130549785

3-Feb-15 727453 0.67 40.14 2260.75 -3.769207849 8919.7 -0.628335246 8756.55 -0.464341737

4-Feb-15 399841 1.08 51.88 2245.3 -0.683401526 8812.5 -1.201834142 8723.7 -0.375147747

5-Feb-15 272367 1.18 54.1 2245.3 0 8749.65 -0.713191489 8711.7 -0.137556312

6-Feb-15 296601 1.95 66.14 2223.3 -0.979824522 8496.3 -2.895544393 8661.05 -0.581402023

9-Feb-15 274052 1.51 60.22 2269.15 2.062249809 8294.45 -2.375740028 8526.35 -1.555238684

10-Feb-15 258202 1.08 51.88 2267.95 -0.052883238 8436.05 1.707165635 8565.55 0.459751242

11-Feb-15 212912 0.73 42.34 2280.6 0.557772438 8514.15 0.925788728 8627.4 0.722078559

12-Feb-15 638711 1.07 51.77 2262.45 -0.795843199 8654.3 1.646083285 8711.55 0.975380764

13-Feb-15 543888 1.15 53.43 2260.8 -0.072929789 8759 1.209803219 8805.5 1.078453318

16-Feb-15 1062376 0.78 43.9 2261.85 0.046443737 8792.55 0.383034593 8809.35 0.043722673

18-Feb-15 318828 1.52 60.28 2240.3 -0.952759909 8884.85 1.049752347 8869.1 0.678256625

19-Feb-15 924708 1.52 60.33 2212.55 -1.238673392 8871.65 -0.148567505 8895.3 0.295407651

20-Feb-15 506875 1.27 55.91 2206.8 -0.259881133 8874.65 0.033815581 8833.6 -0.693624723

23-Feb-15 427575 1.23 55.19 2181.15 -1.162316476 8804.15 -0.794397526 8754.95 -0.89035048

24-Feb-15 280197 1.15 53.43 2191.45 0.472227953 8777.7 -0.300426503 8762.1 0.081668085

25-Feb-15 407474 0.89 46.96 2179.95 -0.524766707 8781.3 0.041013022 8767.25 0.058775864

26-Feb-15 735318 0.86 46.24 2134.85 -2.06885479 8640.7 -1.601129673 8683.85 -0.951267501

27-Feb-15 424147 1.03 50.8 2150.5 0.733072581 8841.8 2.327357737 8844.6 1.851137456

28-Feb-15 162188 1.76 63.82 2153.45 0.137177401 8935.35 1.05804248 8901.85 0.647287611

2-Mar-15 789363 2.06 67.37 2074.25 -3.677819313 8919.55 -0.176825754 8956.75 0.616725737

3-Mar-15 325920 3.08 75.5 2117.5 2.085090997 8838.8 -0.90531473 8996.25 0.441008178

4-Mar-15 421933 1.86 65.07 2122.1 0.217237308 8777.85 -0.689573245 8922.65 -0.818118661

5-Mar-15 237799 2.1 67.77 2118.65 -0.162574808 8825.65 0.544552482 8937.75 0.169232235

9-Mar-15 334555 2.12 67.95 2109.85 -0.415358837 8727.05 -1.117198167 8756.75 -2.025118179

10-Mar-15 401075 1.66 62.35 2129.25 0.919496647 8756.4 0.336310666 8712.05 -0.510463357

11-Mar-15 338536 1.62 61.78 2098.3 -1.453563461 8761.5 0.058243114 8699.95 -0.138888092

12-Mar-15 475656 1.64 62.14 2072.75 -1.217652385 8851.65 1.028933402 8776 0.874142955

13-Mar-15 828945 1.8 64.23 2023.1 -2.395368472 8721.75 -1.467523004 8647.75 -1.461371923

16-Mar-15 371543 1.97 66.37 2025.5 0.118629826 8697.85 -0.274027575 8633.15 -0.168830042

17-Mar-15 256565 2.16 68.36 2047.2 1.07134041 8807.4 1.25950666 8723.3 1.044230669

18-Mar-15 634025 2.21 68.82 2031.25 -0.779112935 8748.75 -0.665917297 8685.9 -0.428736831

19-Mar-15 500745 1.94 66.01 2025.35 -0.290461538 8719.55 -0.333761966 8634.65 -0.590036726

20-Mar-15 579513 1.75 63.57 2017.85 -0.370306367 8585.95 -1.532189161 8570.9 -0.73830439

23-Mar-15 420806 1.38 57.99 2031.75 0.688851996 8597.8 0.138016178 8550.9 -0.233347723

24-Mar-15 1002496 1.05 51.29 2028 -0.184569952 8480.8 -1.360813231 8542.95 -0.09297267

25-Mar-15 722561 1.36 57.58 2016.85 -0.549802761 8515.65 0.410928214 8530.8 -0.142222534

26-Mar-15 1046160 1.13 53.13 2004.3 -0.622257481 8385.35 -1.530123948 8342.15 -2.211398696

27-Mar-15 439910 1.2 54.48 2016.9 0.628648406 8435 0.592104086 8341.4 -0.008990488

30-Mar-15 235638 1.29 56.39 2028 0.550349546 8574.45 1.653230587 8492.3 1.809048841

31-Mar-15 263684 1.47 59.47 2016.6 -0.562130178 8621.75 0.551638881 8491 -0.015307985

Analysis of Bajaj Auto Ltd. for the period 1 January 2015

to 31 March 2015 (Table 1) showed following results:

At 9th

January, 2015 EMA was 2473.13 means

highest of the year and at 30th

March, 2015 EMA

was 2060.9 means lowest the year.

At 29th

January, 2015 ROC was 3.13% means

highest of the year and at 2nd

March, 2015 ROC

was -8.84% means lowest the year.

MACD (12, 26, 9) was (-19.30, -24, 8.92) (30th

Jan., 1st Jan., 27

th Jan.) means highest of the year

and MACD (12, 26, 9) was (-67.01, -65, -16.61)

(16th

March, 20th

March, 6th

Feb.) means lowest the

year.

At 14th

Jan., 2015 RSI was 80.11 means highest of

the year and at 2nd

Feb., 2015 RSI was 40.04 means

lowest the year.

At 8th

January, 2015 Volume was 43,01,348 means

highest of the year and at 1st January, 2015 Volume

was 72,928 means lowest the year.

Bajaj Auto Ltd.’s Return (0.248) is less responsive

to NIFTY Auto Index. Level of risk associated by

investing into company is proportionately low.


to NIFTY Index. Level of risk associated by


Table 2: Bajaj Auto Ltd. for the period 1 April 2015 to 30 June 2015

DATE VOLUME RS RSI

STOCK

PRICE

DAILY

RETURNS (%)

NIFTY AUTO

INDEX

DAILY

RETURNS (%) BETA

NIFTY

INDEX

DAILY

RETURNS (%) BETA

1-Apr-15 208545 0.78 43.74 2019.8 8710.75 0.955 8586.25 1.046

6-Apr-15 281023 1.36 57.66 2036.4 0.821863551 8792 0.932755503 8659.9 0.857766778

7-Apr-15 374689 0.84 45.56 2094.55 2.855529366 8794.5 0.028434941 8660.3 0.004618991

8-Apr-15 243842 0.5 33.2 2099.5 0.236327612 8838.75 0.503155381 8714.4 0.624689676

9-Apr-15 219282 0.57 36.14 2098.55 -0.045248869 8848.15 0.10634988 8778.3 0.733269072

10-Apr-15 156593 0.06 5.23 2098.75 0.00953039 8879 0.348660454 8780.35 0.023353041

13-Apr-15 250008 0.52 34.32 2095.3 -0.164383562 8817.85 -0.688703683 8834 0.611023479

15-Apr-15 190435 0.48 32.33 2075 -0.968835012 8682 -1.540624982 8750.2 -0.948607652

16-Apr-15 252040 0.6 37.31 2088.05 0.628915663 8666.4 -0.179682101 8706.7 -0.497131494

17-Apr-15 178998 0.67 39.95 2065.3 -1.089533297 8558.2 -1.248499954 8606 -1.156580564

20-Apr-15 257106 0.79 44.27 2022.05 -2.094126761 8398.6 -1.864878129 8448.1 -1.834766442

21-Apr-15 260092 1.14 53.18 1988.45 -1.661679978 8284.9 -1.353797061 8377.75 -0.83273162

22-Apr-15 326374 1.27 55.86 1983.7 -0.238879529 8280.3 -0.055522698 8429.7 0.620094894

23-Apr-15 145385 1.1 52.28 1991.05 0.370519736 8228.8 -0.621958142 8398.3 -0.372492497

24-Apr-15 269572 1.25 55.49 1998.85 0.391753095 8164.45 -0.782009528 8305.25 -1.107962326

27-Apr-15 228380 1.19 54.42 1984.45 -0.720414238 8118.65 -0.560968589 8213.8 -1.101110743

28-Apr-15 217394 1.18 54.04 1990.15 0.287233238 8315.4 2.423432467 8285.6 0.874138645

29-Apr-15 152835 2.76 73.37 1978.65 -0.577845891 8278.5 -0.443754961 8239.75 -0.553369702

30-Apr-15 1262699 2.52 71.63 1948.65 -1.516185278 8188.2 -1.090777315 8181.5 -0.706938924

4-May-15 610067 3 74.99 2087.9 7.145972853 8330.2 1.734202877 8331.95 1.838904846

5-May-15 291839 0.59 37.12 2061.65 -1.257244121 8327.2 -0.036013541 8324.8 -0.085814245

6-May-15 649622 0.66 39.89 2020.3 -2.005675066 8089.85 -2.850297819 8097 -2.736402076

7-May-15 433821 0.73 42.23 2067.85 2.35361085 7986.25 -1.28061707 8057.3 -0.490305051

8-May-15 338090 0.61 37.87 2123.05 2.669439273 8199.25 2.667084051 8191.5 1.665570352

11-May-15 312569 0.59 36.92 2182.4 2.795506465 8427.55 2.784401012 8325.25 1.632790087

12-May-15 267754 0.5 33.44 2128.9 -2.451429619 8277.5 -1.780470006 8126.95 -2.381910453

13-May-15 287030 0.56 36.07 2125.9 -0.140917845 8413.4 1.64180006 8235.45 1.3350642

14-May-15 424064 0.56 35.84 2165.85 1.879204102 8485.5 0.856966268 8224.2 -0.136604557

15-May-15 175574 0.51 33.66 2186.5 0.953436295 8539.55 0.636968947 8262.35 0.463874906

18-May-15 275731 0.49 32.87 2220.7 1.564143609 8600.05 0.708468245 8373.65 1.34707438

19-May-15 212926 0.55 35.46 2202.6 -0.815058315 8531.3 -0.799413957 8365.65 -0.095537788

20-May-15 399901 0.46 31.68 2151.35 -2.326795605 8484.8 -0.545051751 8423.25 0.688529881

21-May-15 2610990 0.91 47.52 2300.3 6.923559625 8549.6 0.76371865 8421 -0.02671178

22-May-15 920884 0.47 32.12 2307.45 0.310829022 8581.65 0.374871339 8458.95 0.450659067

25-May-15 414481 0.62 38.44 2298.85 -0.372705801 8565.1 -0.192853356 8370.25 -1.048593502

26-May-15 275643 0.54 34.89 2321.3 0.976575244 8548.15 -0.197896113 8339.35 -0.369164601

27-May-15 504244 0.56 35.72 2312.4 -0.38340585 8369.9 -2.085246515 8334.6 -0.056958876

28-May-15 418946 0.49 33.01 2302.95 -0.408666321 8379.3 0.112307196 8319 -0.18717155

29-May-15 549255 0.46 31.47 2316.1 0.571006752 8536.75 1.879035242 8433.65 1.378170453

1-Jun-15 284450 0.4 28.79 2337.75 0.934761021 8509.35 -0.320965239 8433.4 -0.002964316

2-Jun-15 516279 0.43 30.05 2270.7 -2.868142445 8325.05 -2.165852856 8236.45 -2.335357033

3-Jun-15 231100 0.71 41.41 2240 -1.352005989 8191.6 -1.602993375 8135.1 -1.230505861

4-Jun-15 193842 0.72 41.98 2218 -0.982142857 8130.45 -0.746496411 8130.65 -0.054701233

5-Jun-15 187374 0.65 39.56 2198.5 -0.879170424 8092.3 -0.469223721 8114.7 -0.196171278

8-Jun-15 372632 1.61 61.66 2224.2 1.168978849 8006.15 -1.064592267 8044.15 -0.869409836

9-Jun-15 296262 0.68 40.56 2190.7 -1.506159518 7953.65 -0.655745895 8022.4 -0.270382825

10-Jun-15 409711 1.39 58.08 2253.15 2.850686995 8104.05 1.890955725 8124.45 1.272063223

11-Jun-15 350425 0.98 49.54 2213.55 -1.757539445 7909 -2.406821281 7965.35 -1.958286407

12-Jun-15 575268 0.97 49.16 2286.3 3.286575862 7905.25 -0.047414338 7982.9 0.220329301

15-Jun-15 501630 0.78 43.68 2332.35 2.014171369 7996.2 1.150501249 8013.9 0.388330055

16-Jun-15 457467 0.67 40 2391.1 2.518918687 8090.85 1.183687251 8047.3 0.416775852

17-Jun-15 366641 0.74 42.47 2372 -0.798795533 8160.95 0.866410822 8091.55 0.549873871

18-Jun-15 308116 0.58 36.64 2396 1.011804384 8258.65 1.197164546 8174.6 1.026379371

19-Jun-15 327523 0.74 42.64 2407.75 0.490400668 8305.35 0.565467722 8224.95 0.615932278

22-Jun-15 244573 0.77 43.43 2425.05 0.718513135 8400.7 1.148055169 8353.1 1.558064183

23-Jun-15 291949 0.69 40.75 2414.3 -0.443289829 8405.8 0.060709227 8381.55 0.340592116

24-Jun-15 263531 0.6 37.67 2392.6 -0.89881125 8326.95 -0.93804278 8360.85 -0.246971026

25-Jun-15 927513 0.41 28.94 2504.3 4.668561398 8395.95 0.828634734 8398 0.444332813

26-Jun-15 662174 0.49 33.01 2544.8 1.617218384 8447.2 0.610413354 8381.1 -0.20123839

29-Jun-15 579466 0.5 33.51 2558.85 0.552106256 8325.05 -1.446041292 8318.4 -0.748111823

30-Jun-15 629086 0.5 33.16 2541.95 -0.660452938 8383.25 0.6990949 8368.5 0.602279284



50

DATE VOLUME RS RSI

STOCK

PRICE

DAILY

RETURNS (%)

NIFTY AUTO

INDEX

DAILY

RETURNS (%) BETA

NIFTY

INDEX

DAILY

RETURNS (%) BETA

1-Apr-15 208545 0.78 43.74 2019.8 8710.75 0.955 8586.25 1.046

6-Apr-15 281023 1.36 57.66 2036.4 0.821863551 8792 0.932755503 8659.9 0.857766778

7-Apr-15 374689 0.84 45.56 2094.55 2.855529366 8794.5 0.028434941 8660.3 0.004618991

8-Apr-15 243842 0.5 33.2 2099.5 0.236327612 8838.75 0.503155381 8714.4 0.624689676

9-Apr-15 219282 0.57 36.14 2098.55 -0.045248869 8848.15 0.10634988 8778.3 0.733269072

10-Apr-15 156593 0.06 5.23 2098.75 0.00953039 8879 0.348660454 8780.35 0.023353041

13-Apr-15 250008 0.52 34.32 2095.3 -0.164383562 8817.85 -0.688703683 8834 0.611023479

15-Apr-15 190435 0.48 32.33 2075 -0.968835012 8682 -1.540624982 8750.2 -0.948607652

16-Apr-15 252040 0.6 37.31 2088.05 0.628915663 8666.4 -0.179682101 8706.7 -0.497131494

17-Apr-15 178998 0.67 39.95 2065.3 -1.089533297 8558.2 -1.248499954 8606 -1.156580564

20-Apr-15 257106 0.79 44.27 2022.05 -2.094126761 8398.6 -1.864878129 8448.1 -1.834766442

21-Apr-15 260092 1.14 53.18 1988.45 -1.661679978 8284.9 -1.353797061 8377.75 -0.83273162

22-Apr-15 326374 1.27 55.86 1983.7 -0.238879529 8280.3 -0.055522698 8429.7 0.620094894

23-Apr-15 145385 1.1 52.28 1991.05 0.370519736 8228.8 -0.621958142 8398.3 -0.372492497

24-Apr-15 269572 1.25 55.49 1998.85 0.391753095 8164.45 -0.782009528 8305.25 -1.107962326

27-Apr-15 228380 1.19 54.42 1984.45 -0.720414238 8118.65 -0.560968589 8213.8 -1.101110743

28-Apr-15 217394 1.18 54.04 1990.15 0.287233238 8315.4 2.423432467 8285.6 0.874138645

29-Apr-15 152835 2.76 73.37 1978.65 -0.577845891 8278.5 -0.443754961 8239.75 -0.553369702

30-Apr-15 1262699 2.52 71.63 1948.65 -1.516185278 8188.2 -1.090777315 8181.5 -0.706938924

4-May-15 610067 3 74.99 2087.9 7.145972853 8330.2 1.734202877 8331.95 1.838904846

5-May-15 291839 0.59 37.12 2061.65 -1.257244121 8327.2 -0.036013541 8324.8 -0.085814245

6-May-15 649622 0.66 39.89 2020.3 -2.005675066 8089.85 -2.850297819 8097 -2.736402076

7-May-15 433821 0.73 42.23 2067.85 2.35361085 7986.25 -1.28061707 8057.3 -0.490305051

8-May-15 338090 0.61 37.87 2123.05 2.669439273 8199.25 2.667084051 8191.5 1.665570352

11-May-15 312569 0.59 36.92 2182.4 2.795506465 8427.55 2.784401012 8325.25 1.632790087

12-May-15 267754 0.5 33.44 2128.9 -2.451429619 8277.5 -1.780470006 8126.95 -2.381910453

13-May-15 287030 0.56 36.07 2125.9 -0.140917845 8413.4 1.64180006 8235.45 1.3350642

14-May-15 424064 0.56 35.84 2165.85 1.879204102 8485.5 0.856966268 8224.2 -0.136604557

15-May-15 175574 0.51 33.66 2186.5 0.953436295 8539.55 0.636968947 8262.35 0.463874906

18-May-15 275731 0.49 32.87 2220.7 1.564143609 8600.05 0.708468245 8373.65 1.34707438

19-May-15 212926 0.55 35.46 2202.6 -0.815058315 8531.3 -0.799413957 8365.65 -0.095537788

20-May-15 399901 0.46 31.68 2151.35 -2.326795605 8484.8 -0.545051751 8423.25 0.688529881

21-May-15 2610990 0.91 47.52 2300.3 6.923559625 8549.6 0.76371865 8421 -0.02671178

22-May-15 920884 0.47 32.12 2307.45 0.310829022 8581.65 0.374871339 8458.95 0.450659067

25-May-15 414481 0.62 38.44 2298.85 -0.372705801 8565.1 -0.192853356 8370.25 -1.048593502

26-May-15 275643 0.54 34.89 2321.3 0.976575244 8548.15 -0.197896113 8339.35 -0.369164601

27-May-15 504244 0.56 35.72 2312.4 -0.38340585 8369.9 -2.085246515 8334.6 -0.056958876

28-May-15 418946 0.49 33.01 2302.95 -0.408666321 8379.3 0.112307196 8319 -0.18717155

29-May-15 549255 0.46 31.47 2316.1 0.571006752 8536.75 1.879035242 8433.65 1.378170453

1-Jun-15 284450 0.4 28.79 2337.75 0.934761021 8509.35 -0.320965239 8433.4 -0.002964316

2-Jun-15 516279 0.43 30.05 2270.7 -2.868142445 8325.05 -2.165852856 8236.45 -2.335357033

3-Jun-15 231100 0.71 41.41 2240 -1.352005989 8191.6 -1.602993375 8135.1 -1.230505861

4-Jun-15 193842 0.72 41.98 2218 -0.982142857 8130.45 -0.746496411 8130.65 -0.054701233

5-Jun-15 187374 0.65 39.56 2198.5 -0.879170424 8092.3 -0.469223721 8114.7 -0.196171278

8-Jun-15 372632 1.61 61.66 2224.2 1.168978849 8006.15 -1.064592267 8044.15 -0.869409836

9-Jun-15 296262 0.68 40.56 2190.7 -1.506159518 7953.65 -0.655745895 8022.4 -0.270382825

10-Jun-15 409711 1.39 58.08 2253.15 2.850686995 8104.05 1.890955725 8124.45 1.272063223

11-Jun-15 350425 0.98 49.54 2213.55 -1.757539445 7909 -2.406821281 7965.35 -1.958286407

12-Jun-15 575268 0.97 49.16 2286.3 3.286575862 7905.25 -0.047414338 7982.9 0.220329301

15-Jun-15 501630 0.78 43.68 2332.35 2.014171369 7996.2 1.150501249 8013.9 0.388330055

16-Jun-15 457467 0.67 40 2391.1 2.518918687 8090.85 1.183687251 8047.3 0.416775852

17-Jun-15 366641 0.74 42.47 2372 -0.798795533 8160.95 0.866410822 8091.55 0.549873871

18-Jun-15 308116 0.58 36.64 2396 1.011804384 8258.65 1.197164546 8174.6 1.026379371

19-Jun-15 327523 0.74 42.64 2407.75 0.490400668 8305.35 0.565467722 8224.95 0.615932278

22-Jun-15 244573 0.77 43.43 2425.05 0.718513135 8400.7 1.148055169 8353.1 1.558064183

23-Jun-15 291949 0.69 40.75 2414.3 -0.443289829 8405.8 0.060709227 8381.55 0.340592116

24-Jun-15 263531 0.6 37.67 2392.6 -0.89881125 8326.95 -0.93804278 8360.85 -0.246971026

25-Jun-15 927513 0.41 28.94 2504.3 4.668561398 8395.95 0.828634734 8398 0.444332813

26-Jun-15 662174 0.49 33.01 2544.8 1.617218384 8447.2 0.610413354 8381.1 -0.20123839

29-Jun-15 579466 0.5 33.51 2558.85 0.552106256 8325.05 -1.446041292 8318.4 -0.748111823

30-Jun-15 629086 0.5 33.16 2541.95 -0.660452938 8383.25 0.6990949 8368.5 0.602279284

Analysis of Bajaj Auto Ltd. for the period 1 April 2015 to

30 June 2015 (Table 2) showed following results:

At 30th

June, 2015 EMA was 2392.68 means


April, 2015 EMA

was 2018.34 means lowest the year.

At 29th

June, 2015 ROC was 15.60% means highest

of the year and at 30th

April, 2015 ROC was -7.07%

means lowest the year.

MACD (12, 26, 9) was (83.96, 66.63, 23.48) (30th

April, 30th April, 22th May) means highest of the

year and MACD (12, 26, 9) was (-47.9, -56.36, -16.

44) (30th April, 1st April, 9th March) means lowest

the year.

At 4th

May, 2015 RSI was 74.99 means highest of

the year and at 10th

April, 2015 RSI was 5.23 means

lowest the year.

At 21th

May, 2015 Volume was 26,10,990 means


April, 2015 Volume

was 1,45,385 means lowest the year.




Bajaj Auto Ltd.’s Return (1.046) is more responsive


investing into company is proportionately high.

Table 3: Bajaj Auto Ltd. for the period 1 July 2015 to 30 September 2015

DATE VOLUME RS RSI

STOCK

PRICE

DAILY

RETURNS (%)

NIFTY AUTO

INDEX

DAILY

RETURNS (%) BETA

NIFTY

INDEX

DAILY

RETURNS (%) BETA

1-Jul-15 251469 0.49 32.89 2526.25 8482.45 0.882 8453.05 0.997

2-Jul-15 338991 0.38 27.62 2566.2 1.581395349 8528.6 0.54406451 8444.9 -0.096414903

3-Jul-15 346267 0.45 31.24 2588 0.849505105 8493.5 -0.41155641 8484.9 0.473658658

6-Jul-15 254273 0.45 30.83 2595.35 0.284003091 8517.95 0.287867193 8522.15 0.439015192

7-Jul-15 184985 0.53 34.44 2603.7 0.321729247 8488.9 -0.3410445 8510.8 -0.133182354

8-Jul-15 184524 0.55 35.4 2571.45 -1.238621961 8287.3 -2.374866001 8363.05 -1.736029515

9-Jul-15 239855 0.64 39.1 2511.25 -2.341091602 8248.55 -0.467582928 8328.55 -0.412528922

10-Jul-15 332514 0.8 44.59 2466.8 -1.770034843 8234.1 -0.175182305 8360.55 0.384220543

13-Jul-15 295109 1.73 63.32 2496.85 1.218177396 8370.75 1.659562065 8459.65 1.185328716

14-Jul-15 341879 2.38 70.39 2498.7 0.074093358 8305.7 -0.777110773 8454.1 -0.065605551

15-Jul-15 350064 1.11 52.54 2532.25 1.342698203 8403.2 1.173892628 8523.8 0.824452041

16-Jul-15 224838 1.55 60.71 2545.85 0.537071774 8434.55 0.373072163 8608.05 0.988408926

17-Jul-15 259098 1.79 64.14 2529.45 -0.644185635 8473.9 0.466533484 8609.85 0.020910659

20-Jul-15 131942 1.58 61.3 2520.95 -0.336041432 8476.35 0.028912307 8603.45 -0.074333467

21-Jul-15 226485 2.05 67.2 2542.95 0.872686884 8440.45 -0.423531355 8529.45 -0.860120068

22-Jul-15 493192 0.62 38.12 2618.9 2.986688688 8538.8 1.165222233 8633.5 1.219891083

23-Jul-15 1651767 1.36 57.59 2489.05 -4.958188552 8581.35 0.49831358 8589.8 -0.506167835

24-Jul-15 399738 2.02 66.87 2497.35 0.333460557 8472.05 -1.273692368 8521.55 -0.794547021

27-Jul-15 405369 2.01 66.76 2509 0.466494484 8305.65 -1.9641055 8361 -1.884046916

28-Jul-15 248738 1.97 66.38 2482 -1.076125947 8259.5 -0.555645856 8337 -0.287047004

29-Jul-15 220012 1.94 65.97 2497.85 0.638597905 8368.9 1.324535383 8375.05 0.456399184

30-Jul-15 332527 1.96 66.26 2527.25 1.177012231 8387.5 0.222251431 8421.8 0.558205623

31-Jul-15 245751 1.88 65.23 2525.3 -0.077158967 8544.85 1.876005961 8532.85 1.318601724

3-Aug-15 294753 1.56 60.92 2504.9 -0.807824813 8609.65 0.758351522 8543.05 0.119538021

4-Aug-15 276076 1.29 56.41 2511.9 0.279452274 8703.6 1.091217413 8516.9 -0.306096769

5-Aug-15 577916 1.84 64.83 2576.65 2.577730005 8795.45 1.055310446 8567.95 0.599396494

6-Aug-15 369433 0.31 23.75 2578.35 0.065977141 8796.95 0.017054272 8588.65 0.241598049

7-Aug-15 191394 1.43 58.81 2537.4 -1.588225028 8803 0.068773836 8564.6 -0.280020725

10-Aug-15 226672 1.67 62.61 2554.6 0.677859226 8745.6 -0.652050437 8525.6 -0.455362772

11-Aug-15 184804 1.71 63.09 2539.9 -0.575432553 8619.25 -1.444726491 8462.35 -0.741883269

12-Aug-15 243929 2.01 66.77 2462.2 -3.059175558 8407.15 -2.460770949 8349.45 -1.334144771

13-Aug-15 195819 1.59 61.45 2486.85 1.001137194 8441.55 0.409175523 8355.85 0.076651756

14-Aug-15 255379 1.35 57.45 2558.6 2.885176026 8642.1 2.37574853 8518.55 1.947138831

17-Aug-15 157272 1.05 51.19 2535.35 -0.90870007 8615.45 -0.308374122 8477.3 -0.484237341

18-Aug-15 154551 1.03 50.67 2526.8 -0.337231546 8662.55 0.54669228 8466.55 -0.126809244

19-Aug-15 176926 0.87 46.42 2543.05 0.643105905 8703.3 0.470415755 8495.15 0.33779993

20-Aug-15 209161 0.92 47.98 2491.8 -2.015296593 8553.55 -1.720611722 8372.75 -1.440822116

21-Aug-15 604347 1.16 53.81 2406.2 -3.435267678 8381.7 -2.00910733 8299.95 -0.869487325

24-Aug-15 524739 1.49 59.77 2191.55 -8.920704846 7773.45 -7.256881062 7809 -5.915095874

25-Aug-15 622800 1.97 66.37 2198.2 0.303438206 7920.35 1.889765805 7880.7 0.918171341

26-Aug-15 436233 2.43 70.84 2244.65 2.11309253 7882.1 -0.482933204 7791.85 -1.127437918

27-Aug-15 777058 2.12 67.93 2187.75 -2.534916357 7952.35 0.891259943 7948.95 2.016209244

28-Aug-15 568948 2.14 68.18 2279.55 4.196091875 8023.3 0.892189101 8001.95 0.666754729

31-Aug-15 459532 1.55 60.8 2232.7 -2.055230199 7948.55 -0.931661536 7971.3 -0.383031636

1-Sep-15 570898 1.64 62.19 2249.9 0.770367716 7745.4 -2.555812066 7785.85 -2.326471215

2-Sep-15 396461 1.77 63.93 2203.5 -2.062313881 7638.7 -1.377591861 7717 -0.884296512

3-Sep-15 324122 2.34 70.1 2248.4 2.037667347 7738.6 1.307814157 7823 1.373590774

4-Sep-15 288883 1.79 64.18 2211 -1.663405088 7559.45 -2.31501822 7655.05 -2.146874601

7-Sep-15 201054 1.84 64.78 2192.1 -0.854816825 7464.3 -1.258689455 7558.8 -1.257339926

8-Sep-15 264656 1.87 65.21 2205.65 0.618128735 7589 1.670618812 7688.25 1.712573424

9-Sep-15 218609 1.91 65.63 2270 2.917507311 7814.85 2.976017921 7818.6 1.695444347

10-Sep-15 280684 1.78 64.01 2302.7 1.440528634 7875.85 0.780565206 7788.1 -0.390095414

11-Sep-15 311139 1.08 51.98 2325.8 1.003170192 7857.45 -0.233625577 7789.3 0.015408123

14-Sep-15 155057 1.09 52.17 2314.35 -0.492303723 7890.75 0.423801615 7872.25 1.064922394

15-Sep-15 188695 0.87 46.52 2296.4 -0.77559574 7766.2 -1.578430441 7829.1 -0.548127918

16-Sep-15 340725 0.37 26.85 2350.15 2.340620101 7799.1 0.423630604 7899.15 0.894738859

18-Sep-15 406288 0.7 41.14 2297.5 -2.240282535 7842.55 0.557115565 7981.9 1.047581069

21-Sep-15 165733 0.93 48.13 2302.6 0.221980413 7848.75 0.079055919 7977.1 -0.060136058

22-Sep-15 241130 0.97 49.17 2259.15 -1.886997307 7709.85 -1.769708552 7812 -2.069674443

23-Sep-15 344990 0.96 49.01 2239.25 -0.880862271 7705.55 -0.05577281 7845.95 0.434587814

24-Sep-15 403540 0.85 46.04 2282.95 1.951546277 7721.25 0.203749246 7868.5 0.287409428

28-Sep-15 177328 0.85 46.06 2274.4 -0.37451543 7584.25 -1.774324106 7795.7 -0.925208108

29-Sep-15 265626 0.73 42.25 2250.65 -1.044231446 7648.2 0.843194779 7843.3 0.610593019

30-Sep-15 306730 0.7 41.3 2312.1 2.730322351 7759.6 1.456551868 7948.9 1.346372063



51

DATE VOLUME RS RSI

STOCK

PRICE

DAILY

RETURNS (%)

NIFTY AUTO

INDEX

DAILY

RETURNS (%) BETA

NIFTY

INDEX

DAILY

RETURNS (%) BETA

1-Jul-15 251469 0.49 32.89 2526.25 8482.45 0.882 8453.05 0.997

2-Jul-15 338991 0.38 27.62 2566.2 1.581395349 8528.6 0.54406451 8444.9 -0.096414903

3-Jul-15 346267 0.45 31.24 2588 0.849505105 8493.5 -0.41155641 8484.9 0.473658658

6-Jul-15 254273 0.45 30.83 2595.35 0.284003091 8517.95 0.287867193 8522.15 0.439015192

7-Jul-15 184985 0.53 34.44 2603.7 0.321729247 8488.9 -0.3410445 8510.8 -0.133182354

8-Jul-15 184524 0.55 35.4 2571.45 -1.238621961 8287.3 -2.374866001 8363.05 -1.736029515

9-Jul-15 239855 0.64 39.1 2511.25 -2.341091602 8248.55 -0.467582928 8328.55 -0.412528922

10-Jul-15 332514 0.8 44.59 2466.8 -1.770034843 8234.1 -0.175182305 8360.55 0.384220543

13-Jul-15 295109 1.73 63.32 2496.85 1.218177396 8370.75 1.659562065 8459.65 1.185328716

14-Jul-15 341879 2.38 70.39 2498.7 0.074093358 8305.7 -0.777110773 8454.1 -0.065605551

15-Jul-15 350064 1.11 52.54 2532.25 1.342698203 8403.2 1.173892628 8523.8 0.824452041

16-Jul-15 224838 1.55 60.71 2545.85 0.537071774 8434.55 0.373072163 8608.05 0.988408926

17-Jul-15 259098 1.79 64.14 2529.45 -0.644185635 8473.9 0.466533484 8609.85 0.020910659

20-Jul-15 131942 1.58 61.3 2520.95 -0.336041432 8476.35 0.028912307 8603.45 -0.074333467

21-Jul-15 226485 2.05 67.2 2542.95 0.872686884 8440.45 -0.423531355 8529.45 -0.860120068

22-Jul-15 493192 0.62 38.12 2618.9 2.986688688 8538.8 1.165222233 8633.5 1.219891083

23-Jul-15 1651767 1.36 57.59 2489.05 -4.958188552 8581.35 0.49831358 8589.8 -0.506167835

24-Jul-15 399738 2.02 66.87 2497.35 0.333460557 8472.05 -1.273692368 8521.55 -0.794547021

27-Jul-15 405369 2.01 66.76 2509 0.466494484 8305.65 -1.9641055 8361 -1.884046916

28-Jul-15 248738 1.97 66.38 2482 -1.076125947 8259.5 -0.555645856 8337 -0.287047004

29-Jul-15 220012 1.94 65.97 2497.85 0.638597905 8368.9 1.324535383 8375.05 0.456399184

30-Jul-15 332527 1.96 66.26 2527.25 1.177012231 8387.5 0.222251431 8421.8 0.558205623

31-Jul-15 245751 1.88 65.23 2525.3 -0.077158967 8544.85 1.876005961 8532.85 1.318601724

3-Aug-15 294753 1.56 60.92 2504.9 -0.807824813 8609.65 0.758351522 8543.05 0.119538021

4-Aug-15 276076 1.29 56.41 2511.9 0.279452274 8703.6 1.091217413 8516.9 -0.306096769

5-Aug-15 577916 1.84 64.83 2576.65 2.577730005 8795.45 1.055310446 8567.95 0.599396494

6-Aug-15 369433 0.31 23.75 2578.35 0.065977141 8796.95 0.017054272 8588.65 0.241598049

7-Aug-15 191394 1.43 58.81 2537.4 -1.588225028 8803 0.068773836 8564.6 -0.280020725

10-Aug-15 226672 1.67 62.61 2554.6 0.677859226 8745.6 -0.652050437 8525.6 -0.455362772

11-Aug-15 184804 1.71 63.09 2539.9 -0.575432553 8619.25 -1.444726491 8462.35 -0.741883269

12-Aug-15 243929 2.01 66.77 2462.2 -3.059175558 8407.15 -2.460770949 8349.45 -1.334144771

13-Aug-15 195819 1.59 61.45 2486.85 1.001137194 8441.55 0.409175523 8355.85 0.076651756

14-Aug-15 255379 1.35 57.45 2558.6 2.885176026 8642.1 2.37574853 8518.55 1.947138831

17-Aug-15 157272 1.05 51.19 2535.35 -0.90870007 8615.45 -0.308374122 8477.3 -0.484237341

18-Aug-15 154551 1.03 50.67 2526.8 -0.337231546 8662.55 0.54669228 8466.55 -0.126809244

19-Aug-15 176926 0.87 46.42 2543.05 0.643105905 8703.3 0.470415755 8495.15 0.33779993

20-Aug-15 209161 0.92 47.98 2491.8 -2.015296593 8553.55 -1.720611722 8372.75 -1.440822116

21-Aug-15 604347 1.16 53.81 2406.2 -3.435267678 8381.7 -2.00910733 8299.95 -0.869487325

24-Aug-15 524739 1.49 59.77 2191.55 -8.920704846 7773.45 -7.256881062 7809 -5.915095874

25-Aug-15 622800 1.97 66.37 2198.2 0.303438206 7920.35 1.889765805 7880.7 0.918171341

26-Aug-15 436233 2.43 70.84 2244.65 2.11309253 7882.1 -0.482933204 7791.85 -1.127437918

27-Aug-15 777058 2.12 67.93 2187.75 -2.534916357 7952.35 0.891259943 7948.95 2.016209244

28-Aug-15 568948 2.14 68.18 2279.55 4.196091875 8023.3 0.892189101 8001.95 0.666754729

31-Aug-15 459532 1.55 60.8 2232.7 -2.055230199 7948.55 -0.931661536 7971.3 -0.383031636

1-Sep-15 570898 1.64 62.19 2249.9 0.770367716 7745.4 -2.555812066 7785.85 -2.326471215

2-Sep-15 396461 1.77 63.93 2203.5 -2.062313881 7638.7 -1.377591861 7717 -0.884296512

3-Sep-15 324122 2.34 70.1 2248.4 2.037667347 7738.6 1.307814157 7823 1.373590774

4-Sep-15 288883 1.79 64.18 2211 -1.663405088 7559.45 -2.31501822 7655.05 -2.146874601

7-Sep-15 201054 1.84 64.78 2192.1 -0.854816825 7464.3 -1.258689455 7558.8 -1.257339926

8-Sep-15 264656 1.87 65.21 2205.65 0.618128735 7589 1.670618812 7688.25 1.712573424

9-Sep-15 218609 1.91 65.63 2270 2.917507311 7814.85 2.976017921 7818.6 1.695444347

10-Sep-15 280684 1.78 64.01 2302.7 1.440528634 7875.85 0.780565206 7788.1 -0.390095414

11-Sep-15 311139 1.08 51.98 2325.8 1.003170192 7857.45 -0.233625577 7789.3 0.015408123

14-Sep-15 155057 1.09 52.17 2314.35 -0.492303723 7890.75 0.423801615 7872.25 1.064922394

15-Sep-15 188695 0.87 46.52 2296.4 -0.77559574 7766.2 -1.578430441 7829.1 -0.548127918

16-Sep-15 340725 0.37 26.85 2350.15 2.340620101 7799.1 0.423630604 7899.15 0.894738859

18-Sep-15 406288 0.7 41.14 2297.5 -2.240282535 7842.55 0.557115565 7981.9 1.047581069

21-Sep-15 165733 0.93 48.13 2302.6 0.221980413 7848.75 0.079055919 7977.1 -0.060136058

22-Sep-15 241130 0.97 49.17 2259.15 -1.886997307 7709.85 -1.769708552 7812 -2.069674443

23-Sep-15 344990 0.96 49.01 2239.25 -0.880862271 7705.55 -0.05577281 7845.95 0.434587814

24-Sep-15 403540 0.85 46.04 2282.95 1.951546277 7721.25 0.203749246 7868.5 0.287409428

28-Sep-15 177328 0.85 46.06 2274.4 -0.37451543 7584.25 -1.774324106 7795.7 -0.925208108

29-Sep-15 265626 0.73 42.25 2250.65 -1.044231446 7648.2 0.843194779 7843.3 0.610593019

30-Sep-15 306730 0.7 41.3 2312.1 2.730322351 7759.6 1.456551868 7948.9 1.346372063

Analysis of Bajaj Auto Ltd. for the period 1 July 2015 to

30 September 2015 (Table 3) showed following results:

At 11-08-2015 EMA was 2526.92 means highest of

the year and at 29-09-2015 EMA was 2290.05


At 06-07-2015 ROC was 9.11% means highest of

the year and at 24-08-2015 ROC was -15% means

lowest the year.

MACD (12, 26, 9) was (96.08, 82.62, 19.66) (07-

07, 09-07, 16-09) means highest of the year and

MACD (12, 26, 9) was (-80.17, -68.23, -41.99) (08-

09, 09-09, 27-08) means lowest the year.

At 26-08-2015 RSI was 70.84 means highest of the

year and at 06-08-2015 RSI was 23.75 means

lowest the year.

At 23-07-2015 Volume was 16,51,767 means

highest of the year and at 20-07-2015 Volume was

1,31,942 means lowest the year.







Table 4: Bajaj Auto Ltd. for the period 1 October 2015 to 31 December 2015

DATE VOLUME RS RSI

STOCK

PRICE

DAILY

RETURNS (%)

NIFTY AUTO

INDEX

DAILY

RETURNS (%) BETA

NIFTY

INDEX

DAILY

RETURNS (%) BETA

1-Oct-15 182986 0.72 41.98 2315.1 7731.55 1.019 7950.9 0.991

5-Oct-15 226860 0.84 45.79 2388.8 3.181288065 7890.45 2.055215319 8119.3 2.11799922

6-Oct-15 214337 0.67 40.25 2376.8 -0.502354788 7947.65 0.724926969 8152.9 0.413828778

7-Oct-15 297092 0.59 37.15 2451.8 3.157673293 8064.05 1.464583871 8177.4 0.300506568

8-Oct-15 215467 0.56 36.09 2430.9 -0.852434946 8021.75 -0.524550319 8129.35 -0.587595079

9-Oct-15 226253 0.57 36.47 2449.6 0.769262413 8051.2 0.367126874 8189.7 0.742371776

12-Oct-15 109815 0.65 39.23 2422.3 -1.116508818 8062.6 0.1415938 8143.6 -0.562902182

13-Oct-15 240921 0.56 35.71 2462.1 1.64516462 8078.2 0.193485972 8131.7 -0.14612702

14-Oct-15 110664 0.49 33.08 2439 -0.940254254 8010.55 -0.837439033 8107.9 -0.292681727

15-Oct-15 132541 0.43 30.07 2450.7 0.479714631 8193.4 2.282614802 8179.5 0.883089333

16-Oct-15 187013 0.47 32.05 2461.5 0.442739681 8266.65 0.894012254 8238.15 0.717036494

19-Oct-15 202855 0.57 36.18 2465.4 0.158439976 8245.55 -0.25524245 8275.05 0.447916098

20-Oct-15 243441 0.65 39.28 2439.1 -1.068792082 8265.4 0.240735912 8261.65 -0.161932556

21-Oct-15 1213789 2.81 73.73 2519.1 3.27996556 8285.15 0.238947903 8251.7 -0.12043599

23-Oct-15 497453 0.62 38.42 2515.7 -0.134971517 8228.3 -0.68616742 8295.45 0.530193778

26-Oct-15 521901 0.04 4.077 2575.6 2.383081907 8232.25 0.048005056 8260.55 -0.420712559

27-Oct-15 380147 0.5 33.46 2582.2 0.254309675 8272.35 0.487108628 8232.9 -0.334723475

28-Oct-15 317563 0.59 37.26 2570.4 -0.455047151 8206.15 -0.800256275 8171.2 -0.749432156

29-Oct-15 395616 0.65 39.4 2577.3 0.26844071 8195.9 -0.12490632 8111.75 -0.727555316

30-Oct-15 167715 0.69 40.99 2550.5 -1.041787918 8091.95 -1.268317085 8065.8 -0.566462231

2-Nov-15 535525 0.72 41.9 2432.7 -4.618792762 8097.1 0.063643498 8050.8 -0.185970394

3-Nov-15 192324 1.27 55.95 2424.6 -0.332970218 8102.9 0.071630584 8060.7 0.122969146

4-Nov-15 261171 1.68 62.7 2449.1 1.010496793 8235.75 1.639536462 8040.2 -0.254320344

5-Nov-15 201885 1.27 55.9 2414.3 -1.418917539 8194.15 -0.505114895 7955.45 -1.054078257

6-Nov-15 178321 1.19 54.31 2429.5 0.62751108 8144.45 -0.606530269 7954.3 -0.014455499

9-Nov-15 157878 1.16 53.76 2409.1 -0.837638149 8246.2 1.24931702 7915.2 -0.491558025

10-Nov-15 273391 2.1 67.71 2457.5 2.006973559 8257.7 0.139458175 7783.35 -1.665782292

11-Nov-15 30457 0.92 48.02 2453.3 -0.16887424 8303.95 0.560083316 7825 0.535116627

13-Nov-15 255389 1.06 51.35 2380.5 -2.969469694 8178.3 -1.513135315 7762.25 -0.801916933

16-Nov-15 285955 1.38 57.95 2372.6 -0.329769581 8190.35 0.147341134 7806.6 0.571354955

17-Nov-15 254396 1.67 62.51 2365.3 -0.307679339 8252.1 0.753936034 7837.55 0.396459406

18-Nov-15 245945 1.31 56.79 2342.9 -0.947025747 8181 -0.861598866 7731.8 -1.349273689

19-Nov-15 289124 1.16 53.77 2428.3 3.642921166 8295.05 1.394083853 7842.75 1.434982798

20-Nov-15 378408 0.27 21.16 2476.7 1.993204983 8339.4 0.534656211 7856.55 0.175958688

23-Nov-15 545369 0.37 27.03 2522.8 1.861385339 8395.35 0.670911576 7849.25 -0.092916102

24-Nov-15 325768 0.5 33.23 2476.8 -1.821425032 8332.9 -0.743864163 7831.6 -0.224862248

26-Nov-15 393155 0.6 37.64 2448.2 -1.156734496 8444.6 1.340469704 7883.8 0.666530466

27-Nov-15 170413 0.56 35.8 2447.9 -0.012254151 8443.65 -0.011249793 7942.7 0.747101651

30-Nov-15 565457 0.01 0.613 2479.3 1.282758339 8481.85 0.452410983 7935.25 -0.09379682

1-Dec-15 153290 0.45 30.99 2464.7 -0.588887768 8419 -0.740994005 7954.9 0.247629249

2-Dec-15 401153 0.44 30.39 2500.6 1.458624957 8416.4 -0.030882528 7931.35 -0.296043948

3-Dec-15 246228 0.46 31.44 2480.2 -0.815804207 8334.65 -0.971317903 7864.15 -0.847270641

4-Dec-15 187184 0.5 33.11 2472.6 -0.308442868 8240.7 -1.127221899 7781.9 -1.045885442

7-Dec-15 187375 0.35 25.85 2449.8 -0.922124932 8221.5 -0.232989916 7765.4 -0.212030481

8-Dec-15 186909 0.38 27.65 2462.7 0.526584345 8210.35 -0.135620021 7701.7 -0.820305458

9-Dec-15 206433 0.47 31.94 2389.3 -2.978498772 8067.9 -1.735005207 7612.5 -1.158185855

10-Dec-15 194126 2.68 72.84 2443.3 2.25798351 8085 0.211951065 7683.3 0.930049261

11-Dec-15 189746 0.7 41.2 2416.3 -1.105085439 7943.25 -1.753246753 7610.45 -0.948160296

14-Dec-15 184395 0.74 42.58 2409.2 -0.291774444 7964.05 0.261857552 7650.05 0.520337168

15-Dec-15 166399 0.66 39.89 2437.3 1.166362278 8082.35 1.485425129 7700.9 0.664701538

16-Dec-15 153649 0.69 40.86 2452.7 0.631846716 8035.6 -0.57842088 7750.9 0.64927476

17-Dec-15 275504 1.1 52.43 2531.1 3.196477351 8149 1.411220071 7844.35 1.205666439

18-Dec-15 452519 0.67 40.3 2469.6 -2.431749042 8079.2 -0.856546816 7761.95 -1.050437576

21-Dec-15 176689 0.78 43.9 2489.5 0.807839485 8154.9 0.936973958 7834.45 0.934043636

22-Dec-15 167772 0.9 47.32 2476.3 -0.532235389 8099.65 -0.677506775 7786.1 -0.617146066

23-Dec-15 252059 0.84 45.58 2473.4 -0.115093387 8111 0.140129512 7865.95 1.025545523

24-Dec-15 100232 0.77 43.64 2482.9 0.384086682 8136.6 0.315620762 7861.05 -0.062293811

28-Dec-15 151653 0.95 48.79 2492.6 0.388658424 8228.4 1.128235381 7925.15 0.815412699

29-Dec-15 215967 1.08 51.99 2530.5 1.520531183 8268.8 0.490982451 7928.95 0.047948619

30-Dec-15 207046 0.98 49.39 2514.1 -0.648106068 8240.2 -0.345878483 7896.25 -0.412412741

31-Dec-15 243382 0.68 40.32 2532 0.713987391 8254.75 0.176573384 7946.35 0.634478392



52

DATE VOLUME RS RSI

STOCK

PRICE

DAILY

RETURNS (%)

NIFTY AUTO

INDEX

DAILY

RETURNS (%) BETA

NIFTY

INDEX

DAILY

RETURNS (%) BETA

1-Oct-15 182986 0.72 41.98 2315.1 7731.55 1.019 7950.9 0.991

5-Oct-15 226860 0.84 45.79 2388.8 3.181288065 7890.45 2.055215319 8119.3 2.11799922

6-Oct-15 214337 0.67 40.25 2376.8 -0.502354788 7947.65 0.724926969 8152.9 0.413828778

7-Oct-15 297092 0.59 37.15 2451.8 3.157673293 8064.05 1.464583871 8177.4 0.300506568

8-Oct-15 215467 0.56 36.09 2430.9 -0.852434946 8021.75 -0.524550319 8129.35 -0.587595079

9-Oct-15 226253 0.57 36.47 2449.6 0.769262413 8051.2 0.367126874 8189.7 0.742371776

12-Oct-15 109815 0.65 39.23 2422.3 -1.116508818 8062.6 0.1415938 8143.6 -0.562902182

13-Oct-15 240921 0.56 35.71 2462.1 1.64516462 8078.2 0.193485972 8131.7 -0.14612702

14-Oct-15 110664 0.49 33.08 2439 -0.940254254 8010.55 -0.837439033 8107.9 -0.292681727

15-Oct-15 132541 0.43 30.07 2450.7 0.479714631 8193.4 2.282614802 8179.5 0.883089333

16-Oct-15 187013 0.47 32.05 2461.5 0.442739681 8266.65 0.894012254 8238.15 0.717036494

19-Oct-15 202855 0.57 36.18 2465.4 0.158439976 8245.55 -0.25524245 8275.05 0.447916098

20-Oct-15 243441 0.65 39.28 2439.1 -1.068792082 8265.4 0.240735912 8261.65 -0.161932556

21-Oct-15 1213789 2.81 73.73 2519.1 3.27996556 8285.15 0.238947903 8251.7 -0.12043599

23-Oct-15 497453 0.62 38.42 2515.7 -0.134971517 8228.3 -0.68616742 8295.45 0.530193778

26-Oct-15 521901 0.04 4.077 2575.6 2.383081907 8232.25 0.048005056 8260.55 -0.420712559

27-Oct-15 380147 0.5 33.46 2582.2 0.254309675 8272.35 0.487108628 8232.9 -0.334723475

28-Oct-15 317563 0.59 37.26 2570.4 -0.455047151 8206.15 -0.800256275 8171.2 -0.749432156

29-Oct-15 395616 0.65 39.4 2577.3 0.26844071 8195.9 -0.12490632 8111.75 -0.727555316

30-Oct-15 167715 0.69 40.99 2550.5 -1.041787918 8091.95 -1.268317085 8065.8 -0.566462231

2-Nov-15 535525 0.72 41.9 2432.7 -4.618792762 8097.1 0.063643498 8050.8 -0.185970394

3-Nov-15 192324 1.27 55.95 2424.6 -0.332970218 8102.9 0.071630584 8060.7 0.122969146

4-Nov-15 261171 1.68 62.7 2449.1 1.010496793 8235.75 1.639536462 8040.2 -0.254320344

5-Nov-15 201885 1.27 55.9 2414.3 -1.418917539 8194.15 -0.505114895 7955.45 -1.054078257

6-Nov-15 178321 1.19 54.31 2429.5 0.62751108 8144.45 -0.606530269 7954.3 -0.014455499

9-Nov-15 157878 1.16 53.76 2409.1 -0.837638149 8246.2 1.24931702 7915.2 -0.491558025

10-Nov-15 273391 2.1 67.71 2457.5 2.006973559 8257.7 0.139458175 7783.35 -1.665782292

11-Nov-15 30457 0.92 48.02 2453.3 -0.16887424 8303.95 0.560083316 7825 0.535116627

13-Nov-15 255389 1.06 51.35 2380.5 -2.969469694 8178.3 -1.513135315 7762.25 -0.801916933

16-Nov-15 285955 1.38 57.95 2372.6 -0.329769581 8190.35 0.147341134 7806.6 0.571354955

17-Nov-15 254396 1.67 62.51 2365.3 -0.307679339 8252.1 0.753936034 7837.55 0.396459406

18-Nov-15 245945 1.31 56.79 2342.9 -0.947025747 8181 -0.861598866 7731.8 -1.349273689

19-Nov-15 289124 1.16 53.77 2428.3 3.642921166 8295.05 1.394083853 7842.75 1.434982798

20-Nov-15 378408 0.27 21.16 2476.7 1.993204983 8339.4 0.534656211 7856.55 0.175958688

23-Nov-15 545369 0.37 27.03 2522.8 1.861385339 8395.35 0.670911576 7849.25 -0.092916102

24-Nov-15 325768 0.5 33.23 2476.8 -1.821425032 8332.9 -0.743864163 7831.6 -0.224862248

26-Nov-15 393155 0.6 37.64 2448.2 -1.156734496 8444.6 1.340469704 7883.8 0.666530466

27-Nov-15 170413 0.56 35.8 2447.9 -0.012254151 8443.65 -0.011249793 7942.7 0.747101651

30-Nov-15 565457 0.01 0.613 2479.3 1.282758339 8481.85 0.452410983 7935.25 -0.09379682

1-Dec-15 153290 0.45 30.99 2464.7 -0.588887768 8419 -0.740994005 7954.9 0.247629249

2-Dec-15 401153 0.44 30.39 2500.6 1.458624957 8416.4 -0.030882528 7931.35 -0.296043948

3-Dec-15 246228 0.46 31.44 2480.2 -0.815804207 8334.65 -0.971317903 7864.15 -0.847270641

4-Dec-15 187184 0.5 33.11 2472.6 -0.308442868 8240.7 -1.127221899 7781.9 -1.045885442

7-Dec-15 187375 0.35 25.85 2449.8 -0.922124932 8221.5 -0.232989916 7765.4 -0.212030481

8-Dec-15 186909 0.38 27.65 2462.7 0.526584345 8210.35 -0.135620021 7701.7 -0.820305458

9-Dec-15 206433 0.47 31.94 2389.3 -2.978498772 8067.9 -1.735005207 7612.5 -1.158185855

10-Dec-15 194126 2.68 72.84 2443.3 2.25798351 8085 0.211951065 7683.3 0.930049261

11-Dec-15 189746 0.7 41.2 2416.3 -1.105085439 7943.25 -1.753246753 7610.45 -0.948160296

14-Dec-15 184395 0.74 42.58 2409.2 -0.291774444 7964.05 0.261857552 7650.05 0.520337168

15-Dec-15 166399 0.66 39.89 2437.3 1.166362278 8082.35 1.485425129 7700.9 0.664701538

16-Dec-15 153649 0.69 40.86 2452.7 0.631846716 8035.6 -0.57842088 7750.9 0.64927476

17-Dec-15 275504 1.1 52.43 2531.1 3.196477351 8149 1.411220071 7844.35 1.205666439

18-Dec-15 452519 0.67 40.3 2469.6 -2.431749042 8079.2 -0.856546816 7761.95 -1.050437576

21-Dec-15 176689 0.78 43.9 2489.5 0.807839485 8154.9 0.936973958 7834.45 0.934043636

22-Dec-15 167772 0.9 47.32 2476.3 -0.532235389 8099.65 -0.677506775 7786.1 -0.617146066

23-Dec-15 252059 0.84 45.58 2473.4 -0.115093387 8111 0.140129512 7865.95 1.025545523

24-Dec-15 100232 0.77 43.64 2482.9 0.384086682 8136.6 0.315620762 7861.05 -0.062293811

28-Dec-15 151653 0.95 48.79 2492.6 0.388658424 8228.4 1.128235381 7925.15 0.815412699

29-Dec-15 215967 1.08 51.99 2530.5 1.520531183 8268.8 0.490982451 7928.95 0.047948619

30-Dec-15 207046 0.98 49.39 2514.1 -0.648106068 8240.2 -0.345878483 7896.25 -0.412412741

31-Dec-15 243382 0.68 40.32 2532 0.713987391 8254.75 0.176573384 7946.35 0.634478392

Analysis of Bajaj Auto Ltd. for the period 1 October 2015

to 31 December 2015 (Table 4) showed following results:





the year and at 18-11-2015 ROC was -8.23% means

lowest the year.

MACD (12, 26, 9) was (61.54, 50.08, 24.37) (29-


MACD (12, 26, 9) was (-16.40, -27.86, -20.22) (01-



year and at 30-11-2015 RSI was 0.61 means lowest

the year.



30,457 means lowest the year.

Bajaj Auto Ltd.’s Return (1.019) is more responsive


investing into company is proportionately high.



investing into company is proportionately low

HERO MOTOCORP. LIMITED

Analysis of Hero MotoCorp. Ltd. for the period 1 January 2015 to 31 December 2015.



53

Graph 2: Hero MotoCorp. Ltd. for the period 1 January 2015 to 31 December 2015

Table 5: Hero MotoCorp. Ltd. for the period 1 January 2015 to 31 March 2015

DATE VOLUME RS RSI

STOCK

PRICE

DAILY

RETURNS (%)

NIFTY AUTO

INDEX

DAILY

RETURNS (%) BETA

NIFTY

INDEX

DAILY

RETURNS (%) BETA

1-Jan-15 112464 1.67 62.54 3105.4 8318.8 0.514 8284 0.545

2-Jan-15 187675 1.4 58.35 3098.1 -0.235074387 8365.4 0.560176949 8395.45 1.345364558

5-Jan-15 160068 1.16 53.62 3119.4 0.687518156 8467.95 1.225882803 8378.4 -0.203086195

6-Jan-15 457760 1.15 53.51 3014.4 -3.366031929 8248.2 -2.595079092 8127.35 -2.996395493

7-Jan-15 378882 1.69 62.77 2974.1 -1.338574841 8254.7 0.078805073 8102.1 -0.310679373

8-Jan-15 513335 1.51 60.12 2984 0.334560616 8397.3 1.727500697 8234.6 1.635378482

9-Jan-15 365342 1.46 59.28 2992.3 0.276474531 8397 -0.003572577 8284.5 0.605979647

12-Jan-15 396343 1.46 59.33 2937.2 -1.841423678 8409.55 0.14945814 8323 0.464723278

13-Jan-15 387266 1.71 63.13 2893.2 -1.496348501 8398.8 -0.127830859 8299.4 -0.283551604

14-Jan-15 503348 1.74 63.45 2903.1 0.340453477 8427.7 0.344096776 8277.55 -0.263272044

15-Jan-15 548030 1.94 65.95 2950.6 1.636210193 8614.7 2.218873477 8494.15 2.616716299

16-Jan-15 441344 1.85 64.87 2897.7 -1.791191473 8623.6 0.103311781 8513.8 0.231335684

19-Jan-15 494968 2.35 70.11 2841.3 -1.94637126 8694.9 0.826800872 8550.7 0.433413987

20-Jan-15 620515 2.29 69.6 2828.7 -0.445218738 8760.9 0.759065659 8695.6 1.694598103

21-Jan-15 502824 2.15 68.26 2875.2 1.64389373 8779.95 0.217443413 8729.5 0.389852339

22-Jan-15 616241 1.95 66.16 2838.9 -1.262542824 8842 0.706723842 8761.4 0.365427573

23-Jan-15 616170 2.11 67.81 2862.8 0.843651479 8983.1 1.595792807 8835.6 0.846896615

27-Jan-15 563105 2.07 67.41 2857.8 -0.176400727 9099.6 1.296879696 8910.5 0.847707003

28-Jan-15 415685 1.55 60.86 2865.1 0.257195346 9043.15 -0.620356939 8914.3 0.042646316

29-Jan-15 544345 1.71 63.11 2876.5 0.397891871 9049.7 0.072430514 8952.35 0.426842265

30-Jan-15 447643 1.69 62.89 2865.5 -0.382409178 8930.85 -1.313303203 8808.9 -1.602372561

2-Feb-15 298183 1.4 58.31 2833.2 -1.127202931 8976.1 0.506670698 8797.4 -0.130549785

3-Feb-15 377426 1.28 56.18 2812.4 -0.734152195 8919.7 -0.628335246 8756.55 -0.464341737

4-Feb-15 902976 1.16 53.78 2829.5 0.608021619 8812.5 -1.201834142 8723.7 -0.375147747

5-Feb-15 475877 1.11 52.58 2847.3 0.629086411 8749.65 -0.713191489 8711.7 -0.137556312

6-Feb-15 544388 1.37 57.88 2776.3 -2.493590419 8496.3 -2.895544393 8661.05 -0.581402023

9-Feb-15 425252 1.48 59.74 2728.8 -1.710910204 8294.45 -2.375740028 8526.35 -1.555238684

10-Feb-15 531510 1.43 58.85 2720.2 -0.316989153 8436.05 1.707165635 8565.55 0.459751242

11-Feb-15 427723 1.41 58.43 2753.4 1.220520927 8514.15 0.925788728 8627.4 0.722078559

12-Feb-15 471851 1.57 61.16 2807.6 1.968511086 8654.3 1.646083285 8711.55 0.975380764

13-Feb-15 278795 1.19 54.33 2852.9 1.61528735 8759 1.209803219 8805.5 1.078453318

16-Feb-15 278310 1.05 51.29 2805 -1.678993305 8792.55 0.383034593 8809.35 0.043722673

18-Feb-15 10612619 1.28 56.2 2663.8 -5.035650624 8884.85 1.049752347 8869.1 0.678256625

19-Feb-15 4318965 1.59 61.44 2665 0.045049273 8871.65 -0.148567505 8895.3 0.295407651

20-Feb-15 516004 1.69 62.82 2658.9 -0.227021145 8874.65 0.033815581 8833.6 -0.693624723

23-Feb-15 569905 1.67 62.51 2647.9 -0.413704916 8804.15 -0.794397526 8754.95 -0.89035048

24-Feb-15 433596 1.57 61.14 2651.4 0.132180218 8777.7 -0.300426503 8762.1 0.081668085

25-Feb-15 587341 1.93 65.92 2624.6 -1.01267255 8781.3 0.041013022 8767.25 0.058775864

26-Feb-15 1172341 1.74 63.5 2622.3 -0.087634071 8640.7 -1.601129673 8683.85 -0.951267501

27-Feb-15 1913808 1.47 59.43 2672.6 1.920106779 8841.8 2.327357737 8844.6 1.851137456

28-Feb-15 351779 1.16 53.79 2684.7 0.45087181 8935.35 1.05804248 8901.85 0.647287611

2-Mar-15 817814 1.22 54.97 2624.6 -2.238653083 8919.55 -0.176825754 8956.75 0.616725737

3-Mar-15 438209 1.48 59.65 2636.5 0.455316149 8838.8 -0.90531473 8996.25 0.441008178

4-Mar-15 456591 1.65 62.32 2622.3 -0.540489285 8777.85 -0.689573245 8922.65 -0.818118661

5-Mar-15 428419 1.87 65.12 2609.5 -0.488130422 8825.65 0.544552482 8937.75 0.169232235

9-Mar-15 801602 2.27 69.39 2599.3 -0.390886969 8727.05 -1.117198167 8756.75 -2.025118179

10-Mar-15 605928 2 66.68 2617.7 0.70982014 8756.4 0.336310666 8712.05 -0.510463357

11-Mar-15 577880 1.1 52.48 2612.7 -0.191007373 8761.5 0.058243114 8699.95 -0.138888092

12-Mar-15 589703 0.86 46.15 2642.4 1.134841352 8851.65 1.028933402 8776 0.874142955

13-Mar-15 293111 0.85 45.9 2610 -1.224288985 8721.75 -1.467523004 8647.75 -1.461371923

16-Mar-15 212151 0.98 49.38 2631.3 0.814176245 8697.85 -0.274027575 8633.15 -0.168830042

17-Mar-15 503626 0.86 46.1 2651.5 0.767695962 8807.4 1.25950666 8723.3 1.044230669

18-Mar-15 547515 0.84 45.53 2675.4 0.901393577 8748.75 -0.665917297 8685.9 -0.428736831

19-Mar-15 382445 0.96 48.88 2662.8 -0.469097501 8719.55 -0.333761966 8634.65 -0.590036726

20-Mar-15 307523 1.07 51.72 2610 -1.984752892 8585.95 -1.532189161 8570.9 -0.73830439

23-Mar-15 202857 1.2 54.48 2637.1 1.040249813 8597.8 0.138016178 8550.9 -0.233347723

24-Mar-15 514291 0.92 47.86 2605.1 -1.213454173 8480.8 -1.360813231 8542.95 -0.09297267

25-Mar-15 401570 0.92 47.85 2595.8 -0.358911366 8515.65 0.410928214 8530.8 -0.142222534

26-Mar-15 715178 0.89 47.13 2603.8 0.30819609 8385.35 -1.530123948 8342.15 -2.211398696

27-Mar-15 584370 1.04 50.94 2576.2 -1.060009602 8435 0.592104086 8341.4 -0.008990488

30-Mar-15 281366 1.16 53.61 2644.3 2.645420492 8574.45 1.653230587 8492.3 1.809048841

31-Mar-15 493733 0.87 46.41 2639.8 -0.170177363 8621.75 0.551638881 8491 -0.015307985



54

DATE VOLUME RS RSI

STOCK

PRICE

DAILY

RETURNS (%)

NIFTY AUTO

INDEX

DAILY

RETURNS (%) BETA

NIFTY

INDEX

DAILY

RETURNS (%) BETA

1-Jan-15 112464 1.67 62.54 3105.4 8318.8 0.514 8284 0.545

2-Jan-15 187675 1.4 58.35 3098.1 -0.235074387 8365.4 0.560176949 8395.45 1.345364558

5-Jan-15 160068 1.16 53.62 3119.4 0.687518156 8467.95 1.225882803 8378.4 -0.203086195

6-Jan-15 457760 1.15 53.51 3014.4 -3.366031929 8248.2 -2.595079092 8127.35 -2.996395493

7-Jan-15 378882 1.69 62.77 2974.1 -1.338574841 8254.7 0.078805073 8102.1 -0.310679373

8-Jan-15 513335 1.51 60.12 2984 0.334560616 8397.3 1.727500697 8234.6 1.635378482

9-Jan-15 365342 1.46 59.28 2992.3 0.276474531 8397 -0.003572577 8284.5 0.605979647

12-Jan-15 396343 1.46 59.33 2937.2 -1.841423678 8409.55 0.14945814 8323 0.464723278

13-Jan-15 387266 1.71 63.13 2893.2 -1.496348501 8398.8 -0.127830859 8299.4 -0.283551604

14-Jan-15 503348 1.74 63.45 2903.1 0.340453477 8427.7 0.344096776 8277.55 -0.263272044

15-Jan-15 548030 1.94 65.95 2950.6 1.636210193 8614.7 2.218873477 8494.15 2.616716299

16-Jan-15 441344 1.85 64.87 2897.7 -1.791191473 8623.6 0.103311781 8513.8 0.231335684

19-Jan-15 494968 2.35 70.11 2841.3 -1.94637126 8694.9 0.826800872 8550.7 0.433413987

20-Jan-15 620515 2.29 69.6 2828.7 -0.445218738 8760.9 0.759065659 8695.6 1.694598103

21-Jan-15 502824 2.15 68.26 2875.2 1.64389373 8779.95 0.217443413 8729.5 0.389852339

22-Jan-15 616241 1.95 66.16 2838.9 -1.262542824 8842 0.706723842 8761.4 0.365427573

23-Jan-15 616170 2.11 67.81 2862.8 0.843651479 8983.1 1.595792807 8835.6 0.846896615

27-Jan-15 563105 2.07 67.41 2857.8 -0.176400727 9099.6 1.296879696 8910.5 0.847707003

28-Jan-15 415685 1.55 60.86 2865.1 0.257195346 9043.15 -0.620356939 8914.3 0.042646316

29-Jan-15 544345 1.71 63.11 2876.5 0.397891871 9049.7 0.072430514 8952.35 0.426842265

30-Jan-15 447643 1.69 62.89 2865.5 -0.382409178 8930.85 -1.313303203 8808.9 -1.602372561

2-Feb-15 298183 1.4 58.31 2833.2 -1.127202931 8976.1 0.506670698 8797.4 -0.130549785

3-Feb-15 377426 1.28 56.18 2812.4 -0.734152195 8919.7 -0.628335246 8756.55 -0.464341737

4-Feb-15 902976 1.16 53.78 2829.5 0.608021619 8812.5 -1.201834142 8723.7 -0.375147747

5-Feb-15 475877 1.11 52.58 2847.3 0.629086411 8749.65 -0.713191489 8711.7 -0.137556312

6-Feb-15 544388 1.37 57.88 2776.3 -2.493590419 8496.3 -2.895544393 8661.05 -0.581402023

9-Feb-15 425252 1.48 59.74 2728.8 -1.710910204 8294.45 -2.375740028 8526.35 -1.555238684

10-Feb-15 531510 1.43 58.85 2720.2 -0.316989153 8436.05 1.707165635 8565.55 0.459751242

11-Feb-15 427723 1.41 58.43 2753.4 1.220520927 8514.15 0.925788728 8627.4 0.722078559

12-Feb-15 471851 1.57 61.16 2807.6 1.968511086 8654.3 1.646083285 8711.55 0.975380764

13-Feb-15 278795 1.19 54.33 2852.9 1.61528735 8759 1.209803219 8805.5 1.078453318

16-Feb-15 278310 1.05 51.29 2805 -1.678993305 8792.55 0.383034593 8809.35 0.043722673

18-Feb-15 10612619 1.28 56.2 2663.8 -5.035650624 8884.85 1.049752347 8869.1 0.678256625

19-Feb-15 4318965 1.59 61.44 2665 0.045049273 8871.65 -0.148567505 8895.3 0.295407651

20-Feb-15 516004 1.69 62.82 2658.9 -0.227021145 8874.65 0.033815581 8833.6 -0.693624723

23-Feb-15 569905 1.67 62.51 2647.9 -0.413704916 8804.15 -0.794397526 8754.95 -0.89035048

24-Feb-15 433596 1.57 61.14 2651.4 0.132180218 8777.7 -0.300426503 8762.1 0.081668085

25-Feb-15 587341 1.93 65.92 2624.6 -1.01267255 8781.3 0.041013022 8767.25 0.058775864

26-Feb-15 1172341 1.74 63.5 2622.3 -0.087634071 8640.7 -1.601129673 8683.85 -0.951267501

27-Feb-15 1913808 1.47 59.43 2672.6 1.920106779 8841.8 2.327357737 8844.6 1.851137456

28-Feb-15 351779 1.16 53.79 2684.7 0.45087181 8935.35 1.05804248 8901.85 0.647287611

2-Mar-15 817814 1.22 54.97 2624.6 -2.238653083 8919.55 -0.176825754 8956.75 0.616725737

3-Mar-15 438209 1.48 59.65 2636.5 0.455316149 8838.8 -0.90531473 8996.25 0.441008178

4-Mar-15 456591 1.65 62.32 2622.3 -0.540489285 8777.85 -0.689573245 8922.65 -0.818118661

5-Mar-15 428419 1.87 65.12 2609.5 -0.488130422 8825.65 0.544552482 8937.75 0.169232235

9-Mar-15 801602 2.27 69.39 2599.3 -0.390886969 8727.05 -1.117198167 8756.75 -2.025118179

10-Mar-15 605928 2 66.68 2617.7 0.70982014 8756.4 0.336310666 8712.05 -0.510463357

11-Mar-15 577880 1.1 52.48 2612.7 -0.191007373 8761.5 0.058243114 8699.95 -0.138888092

12-Mar-15 589703 0.86 46.15 2642.4 1.134841352 8851.65 1.028933402 8776 0.874142955

13-Mar-15 293111 0.85 45.9 2610 -1.224288985 8721.75 -1.467523004 8647.75 -1.461371923

16-Mar-15 212151 0.98 49.38 2631.3 0.814176245 8697.85 -0.274027575 8633.15 -0.168830042

17-Mar-15 503626 0.86 46.1 2651.5 0.767695962 8807.4 1.25950666 8723.3 1.044230669

18-Mar-15 547515 0.84 45.53 2675.4 0.901393577 8748.75 -0.665917297 8685.9 -0.428736831

19-Mar-15 382445 0.96 48.88 2662.8 -0.469097501 8719.55 -0.333761966 8634.65 -0.590036726

20-Mar-15 307523 1.07 51.72 2610 -1.984752892 8585.95 -1.532189161 8570.9 -0.73830439

23-Mar-15 202857 1.2 54.48 2637.1 1.040249813 8597.8 0.138016178 8550.9 -0.233347723

24-Mar-15 514291 0.92 47.86 2605.1 -1.213454173 8480.8 -1.360813231 8542.95 -0.09297267

25-Mar-15 401570 0.92 47.85 2595.8 -0.358911366 8515.65 0.410928214 8530.8 -0.142222534

26-Mar-15 715178 0.89 47.13 2603.8 0.30819609 8385.35 -1.530123948 8342.15 -2.211398696

27-Mar-15 584370 1.04 50.94 2576.2 -1.060009602 8435 0.592104086 8341.4 -0.008990488

30-Mar-15 281366 1.16 53.61 2644.3 2.645420492 8574.45 1.653230587 8492.3 1.809048841

31-Mar-15 493733 0.87 46.41 2639.8 -0.170177363 8621.75 0.551638881 8491 -0.015307985

Analysis of Hero MotoCorp. Ltd. for the period 1 January

2015 to 31 March 2015 (Table 5) showed following

results:




At 05-01-2015 ROC was 1.8% means highest of the

year and at 20-01-2015 ROC was -8.7% means

lowest the year.

MACD (12, 26, 9) was (8.74, 16.69, 14.3) (01-01,

01-01, 19-03) means highest of the year and

MACD (12, 26, 9) was (-73.94, -69.17, -23.86) (26-




lowest the year.

At 18-02-2015 Volume was 1,06,12,619 means



Hero MotoCorp. ltd.’s Return (0.514) is less

responsive to NIFTY Auto Index. Level of risk

associated by investing into company is

proportionately low.

Hero MotoCorp.’s Return (0.545) is less responsive



Table 6: Hero MotoCorp. Ltd. for the period 1 April 2015 to 30 June 2015

DATE VOLUME RS RSI

STOCK

PRICE

DAILY

RETURNS (%)

NIFTY AUTO

INDEX

DAILY

RETURNS (%) BETA

NIFTY

INDEX

DAILY

RETURNS (%) BETA

1-Apr-15 375681 0.86 46.33 2655.85 8710.75 0.521 8586.25 0.665

6-Apr-15 365024 0.93 48.1 2672.7 0.634448482 8792 0.932755503 8659.9 0.857766778

7-Apr-15 359998 0.92 47.88 2632.35 -1.509709283 8794.5 0.028434941 8660.3 0.004618991

8-Apr-15 1053590 0.99 49.85 2605.8 -1.008604479 8838.75 0.503155381 8714.4 0.624689676

9-Apr-15 1041470 0.96 49.08 2611.6 0.222580398 8848.15 0.10634988 8778.3 0.733269072

10-Apr-15 654704 1.09 52.08 2583.85 -1.062567009 8879 0.348660454 8780.35 0.023353041

13-Apr-15 420050 1.17 53.85 2580.7 -0.121911102 8817.85 -0.688703683 8834 0.611023479

15-Apr-15 726309 0.9 47.49 2524.55 -2.175766265 8682 -1.540624982 8750.2 -0.948607652

16-Apr-15 1443068 1.1 52.38 2430.1 -3.741260819 8666.4 -0.179682101 8706.7 -0.497131494

17-Apr-15 1198446 1.4 58.37 2410.5 -0.806551171 8558.2 -1.248499954 8606 -1.156580564

20-Apr-15 1710612 1.45 59.21 2316.35 -3.905828666 8398.6 -1.864878129 8448.1 -1.834766442

21-Apr-15 901340 1.48 59.61 2329.1 0.550434952 8284.9 -1.353797061 8377.75 -0.83273162

22-Apr-15 840590 1.7 63.01 2409.4 3.447683655 8280.3 -0.055522698 8429.7 0.620094894

23-Apr-15 1012419 1.55 60.72 2390.55 -0.782352453 8228.8 -0.621958142 8398.3 -0.372492497

24-Apr-15 1960963 1.61 61.64 2352.8 -1.579134509 8164.45 -0.782009528 8305.25 -1.107962326

27-Apr-15 2307119 1.45 59.15 2317 -1.521591295 8118.65 -0.560968589 8213.8 -1.101110743

28-Apr-15 711394 1.25 55.64 2355.55 1.663789383 8315.4 2.423432467 8285.6 0.874138645

29-Apr-15 295438 1.21 54.67 2372.1 0.702595997 8278.5 -0.443754961 8239.75 -0.553369702

30-Apr-15 1052575 1.4 58.31 2328.9 -1.821171114 8188.2 -1.090777315 8181.5 -0.706938924

4-May-15 1647793 1.16 53.77 2389.55 2.604233758 8330.2 1.734202877 8331.95 1.838904846

5-May-15 775073 1.07 51.75 2357.45 -1.343349166 8327.2 -0.036013541 8324.8 -0.085814245

6-May-15 1488751 1.15 53.48 2326.4 -1.317101105 8089.85 -2.850297819 8097 -2.736402076

7-May-15 1397408 1.08 51.99 2354.55 1.210024072 7986.25 -1.28061707 8057.3 -0.490305051

8-May-15 1079192 0.99 49.73 2300.65 -2.28918477 8199.25 2.667084051 8191.5 1.665570352

11-May-15 887873 1.1 52.33 2384.25 3.633755678 8427.55 2.784401012 8325.25 1.632790087

12-May-15 2015463 0.79 44.08 2466.4 3.445527944 8277.5 -1.780470006 8126.95 -2.381910453

13-May-15 885648 0.65 39.32 2503.75 1.514352903 8413.4 1.64180006 8235.45 1.3350642

14-May-15 512485 0.73 42.13 2537.5 1.347978033 8485.5 0.856966268 8224.2 -0.136604557

15-May-15 309635 0.82 45.02 2529.7 -0.307389163 8539.55 0.636968947 8262.35 0.463874906

18-May-15 812046 0.71 41.65 2520.55 -0.361702969 8600.05 0.708468245 8373.65 1.34707438

19-May-15 923546 0.62 38.29 2580.75 2.388367618 8531.3 -0.799413957 8365.65 -0.095537788

20-May-15 688445 0.59 36.99 2579.4 -0.052310375 8484.8 -0.545051751 8423.25 0.688529881

21-May-15 531936 0.46 31.64 2602.4 0.891680236 8549.6 0.76371865 8421 -0.02671178

22-May-15 138833 0.44 30.62 2603.45 0.040347372 8581.65 0.374871339 8458.95 0.450659067

25-May-15 178329 0.52 34.07 2588.1 -0.589602259 8565.1 -0.192853356 8370.25 -1.048593502

26-May-15 428351 0.45 31.17 2613.85 0.994938372 8548.15 -0.197896113 8339.35 -0.369164601

27-May-15 396976 0.42 29.59 2606.3 -0.288845955 8369.9 -2.085246515 8334.6 -0.056958876

28-May-15 1494418 0.37 26.77 2643.4 1.42347389 8379.3 0.112307196 8319 -0.18717155

29-May-15 701724 0.19 16.19 2696.85 2.022017099 8536.75 1.879035242 8433.65 1.378170453

1-Jun-15 510174 0.21 17.33 2710 0.487605911 8509.35 -0.320965239 8433.4 -0.002964316

2-Jun-15 822000 0.26 20.66 2608.6 -3.741697417 8325.05 -2.165852856 8236.45 -2.335357033

3-Jun-15 555765 0.77 43.45 2576.95 -1.213294487 8191.6 -1.602993375 8135.1 -1.230505861

4-Jun-15 516562 0.82 44.92 2547.9 -1.127301655 8130.45 -0.746496411 8130.65 -0.054701233

5-Jun-15 335801 0.91 47.78 2577.65 1.167628243 8092.3 -0.469223721 8114.7 -0.196171278

8-Jun-15 411130 1.02 50.51 2520.65 -2.211316509 8006.15 -1.064592267 8044.15 -0.869409836

9-Jun-15 531218 1.33 57.04 2499.95 -0.82121675 7953.65 -0.655745895 8022.4 -0.270382825

10-Jun-15 377088 1.43 58.91 2514.95 0.600012 8104.05 1.890955725 8124.45 1.272063223

11-Jun-15 410240 1.5 59.98 2504.2 -0.427443886 7909 -2.406821281 7965.35 -1.958286407

12-Jun-15 332914 1.18 54.07 2503.55 -0.025956393 7905.25 -0.047414338 7982.9 0.220329301

15-Jun-15 253983 1.11 52.7 2506.05 0.099858201 7996.2 1.150501249 8013.9 0.388330055

16-Jun-15 290025 1.29 56.25 2543.2 1.482412562 8090.85 1.183687251 8047.3 0.416775852

17-Jun-15 530660 1.34 57.18 2522.3 -0.821799308 8160.95 0.866410822 8091.55 0.549873871

18-Jun-15 448303 1.35 57.47 2526.3 0.158585418 8258.65 1.197164546 8174.6 1.026379371

19-Jun-15 374245 2.01 66.77 2551.45 0.995527055 8305.35 0.565467722 8224.95 0.615932278

22-Jun-15 271426 1.8 64.25 2581.55 1.179721335 8400.7 1.148055169 8353.1 1.558064183

23-Jun-15 350911 1.19 54.3 2517.4 -2.484941217 8405.8 0.060709227 8381.55 0.340592116

24-Jun-15 320799 1.41 58.58 2521 0.143004687 8326.95 -0.93804278 8360.85 -0.246971026

25-Jun-15 400609 1.58 61.19 2552.1 1.233637445 8395.95 0.828634734 8398 0.444332813

26-Jun-15 200634 1.56 60.98 2539.2 -0.505466087 8447.2 0.610413354 8381.1 -0.20123839

29-Jun-15 355916 1.17 53.85 2535.75 -0.135869565 8325.05 -1.446041292 8318.4 -0.748111823

30-Jun-15 325449 1.01 50.3 2523.5 -0.483091787 8383.25 0.6990949 8368.5 0.602279284



55

DATE VOLUME RS RSI

STOCK

PRICE

DAILY

RETURNS (%)

NIFTY AUTO

INDEX

DAILY

RETURNS (%) BETA

NIFTY

INDEX

DAILY

RETURNS (%) BETA

1-Apr-15 375681 0.86 46.33 2655.85 8710.75 0.521 8586.25 0.665

6-Apr-15 365024 0.93 48.1 2672.7 0.634448482 8792 0.932755503 8659.9 0.857766778

7-Apr-15 359998 0.92 47.88 2632.35 -1.509709283 8794.5 0.028434941 8660.3 0.004618991

8-Apr-15 1053590 0.99 49.85 2605.8 -1.008604479 8838.75 0.503155381 8714.4 0.624689676

9-Apr-15 1041470 0.96 49.08 2611.6 0.222580398 8848.15 0.10634988 8778.3 0.733269072

10-Apr-15 654704 1.09 52.08 2583.85 -1.062567009 8879 0.348660454 8780.35 0.023353041

13-Apr-15 420050 1.17 53.85 2580.7 -0.121911102 8817.85 -0.688703683 8834 0.611023479

15-Apr-15 726309 0.9 47.49 2524.55 -2.175766265 8682 -1.540624982 8750.2 -0.948607652

16-Apr-15 1443068 1.1 52.38 2430.1 -3.741260819 8666.4 -0.179682101 8706.7 -0.497131494

17-Apr-15 1198446 1.4 58.37 2410.5 -0.806551171 8558.2 -1.248499954 8606 -1.156580564

20-Apr-15 1710612 1.45 59.21 2316.35 -3.905828666 8398.6 -1.864878129 8448.1 -1.834766442

21-Apr-15 901340 1.48 59.61 2329.1 0.550434952 8284.9 -1.353797061 8377.75 -0.83273162

22-Apr-15 840590 1.7 63.01 2409.4 3.447683655 8280.3 -0.055522698 8429.7 0.620094894

23-Apr-15 1012419 1.55 60.72 2390.55 -0.782352453 8228.8 -0.621958142 8398.3 -0.372492497

24-Apr-15 1960963 1.61 61.64 2352.8 -1.579134509 8164.45 -0.782009528 8305.25 -1.107962326

27-Apr-15 2307119 1.45 59.15 2317 -1.521591295 8118.65 -0.560968589 8213.8 -1.101110743

28-Apr-15 711394 1.25 55.64 2355.55 1.663789383 8315.4 2.423432467 8285.6 0.874138645

29-Apr-15 295438 1.21 54.67 2372.1 0.702595997 8278.5 -0.443754961 8239.75 -0.553369702

30-Apr-15 1052575 1.4 58.31 2328.9 -1.821171114 8188.2 -1.090777315 8181.5 -0.706938924

4-May-15 1647793 1.16 53.77 2389.55 2.604233758 8330.2 1.734202877 8331.95 1.838904846

5-May-15 775073 1.07 51.75 2357.45 -1.343349166 8327.2 -0.036013541 8324.8 -0.085814245

6-May-15 1488751 1.15 53.48 2326.4 -1.317101105 8089.85 -2.850297819 8097 -2.736402076

7-May-15 1397408 1.08 51.99 2354.55 1.210024072 7986.25 -1.28061707 8057.3 -0.490305051

8-May-15 1079192 0.99 49.73 2300.65 -2.28918477 8199.25 2.667084051 8191.5 1.665570352

11-May-15 887873 1.1 52.33 2384.25 3.633755678 8427.55 2.784401012 8325.25 1.632790087

12-May-15 2015463 0.79 44.08 2466.4 3.445527944 8277.5 -1.780470006 8126.95 -2.381910453

13-May-15 885648 0.65 39.32 2503.75 1.514352903 8413.4 1.64180006 8235.45 1.3350642

14-May-15 512485 0.73 42.13 2537.5 1.347978033 8485.5 0.856966268 8224.2 -0.136604557

15-May-15 309635 0.82 45.02 2529.7 -0.307389163 8539.55 0.636968947 8262.35 0.463874906

18-May-15 812046 0.71 41.65 2520.55 -0.361702969 8600.05 0.708468245 8373.65 1.34707438

19-May-15 923546 0.62 38.29 2580.75 2.388367618 8531.3 -0.799413957 8365.65 -0.095537788

20-May-15 688445 0.59 36.99 2579.4 -0.052310375 8484.8 -0.545051751 8423.25 0.688529881

21-May-15 531936 0.46 31.64 2602.4 0.891680236 8549.6 0.76371865 8421 -0.02671178

22-May-15 138833 0.44 30.62 2603.45 0.040347372 8581.65 0.374871339 8458.95 0.450659067

25-May-15 178329 0.52 34.07 2588.1 -0.589602259 8565.1 -0.192853356 8370.25 -1.048593502

26-May-15 428351 0.45 31.17 2613.85 0.994938372 8548.15 -0.197896113 8339.35 -0.369164601

27-May-15 396976 0.42 29.59 2606.3 -0.288845955 8369.9 -2.085246515 8334.6 -0.056958876

28-May-15 1494418 0.37 26.77 2643.4 1.42347389 8379.3 0.112307196 8319 -0.18717155

29-May-15 701724 0.19 16.19 2696.85 2.022017099 8536.75 1.879035242 8433.65 1.378170453

1-Jun-15 510174 0.21 17.33 2710 0.487605911 8509.35 -0.320965239 8433.4 -0.002964316

2-Jun-15 822000 0.26 20.66 2608.6 -3.741697417 8325.05 -2.165852856 8236.45 -2.335357033

3-Jun-15 555765 0.77 43.45 2576.95 -1.213294487 8191.6 -1.602993375 8135.1 -1.230505861

4-Jun-15 516562 0.82 44.92 2547.9 -1.127301655 8130.45 -0.746496411 8130.65 -0.054701233

5-Jun-15 335801 0.91 47.78 2577.65 1.167628243 8092.3 -0.469223721 8114.7 -0.196171278

8-Jun-15 411130 1.02 50.51 2520.65 -2.211316509 8006.15 -1.064592267 8044.15 -0.869409836

9-Jun-15 531218 1.33 57.04 2499.95 -0.82121675 7953.65 -0.655745895 8022.4 -0.270382825

10-Jun-15 377088 1.43 58.91 2514.95 0.600012 8104.05 1.890955725 8124.45 1.272063223

11-Jun-15 410240 1.5 59.98 2504.2 -0.427443886 7909 -2.406821281 7965.35 -1.958286407

12-Jun-15 332914 1.18 54.07 2503.55 -0.025956393 7905.25 -0.047414338 7982.9 0.220329301

15-Jun-15 253983 1.11 52.7 2506.05 0.099858201 7996.2 1.150501249 8013.9 0.388330055

16-Jun-15 290025 1.29 56.25 2543.2 1.482412562 8090.85 1.183687251 8047.3 0.416775852

17-Jun-15 530660 1.34 57.18 2522.3 -0.821799308 8160.95 0.866410822 8091.55 0.549873871

18-Jun-15 448303 1.35 57.47 2526.3 0.158585418 8258.65 1.197164546 8174.6 1.026379371

19-Jun-15 374245 2.01 66.77 2551.45 0.995527055 8305.35 0.565467722 8224.95 0.615932278

22-Jun-15 271426 1.8 64.25 2581.55 1.179721335 8400.7 1.148055169 8353.1 1.558064183

23-Jun-15 350911 1.19 54.3 2517.4 -2.484941217 8405.8 0.060709227 8381.55 0.340592116

24-Jun-15 320799 1.41 58.58 2521 0.143004687 8326.95 -0.93804278 8360.85 -0.246971026

25-Jun-15 400609 1.58 61.19 2552.1 1.233637445 8395.95 0.828634734 8398 0.444332813

26-Jun-15 200634 1.56 60.98 2539.2 -0.505466087 8447.2 0.610413354 8381.1 -0.20123839

29-Jun-15 355916 1.17 53.85 2535.75 -0.135869565 8325.05 -1.446041292 8318.4 -0.748111823

30-Jun-15 325449 1.01 50.3 2523.5 -0.483091787 8383.25 0.6990949 8368.5 0.602279284

Analysis of Hero MotoCorp. Ltd. for the period 1 April

2015 to 30 June 2015 (Table 6) showed following results:





the year and at 20-04-2015 ROC was -12.31%


MACD (12, 26, 9) was (55.76, 37.48, 32.61) (01-


MACD (12, 26, 9) was (-83.15, -72.18, -29.54) (27-




lowest the year.










Table 7: Hero MotoCorp. Ltd. for the period 1 July 2015 to 30 September 2015

DATE VOLUME RS RSI

STOCK

PRICE

DAILY

RETURNS (%)

NIFTY AUTO

INDEX

DAILY

RETURNS (%) BETA

NIFTY

INDEX

DAILY

RETURNS (%) BETA

1-Jul-15 401143 0.94 48.35 2520.6 8482.45 0.631 8453.05 0.806

2-Jul-15 423277 0.88 46.73 2528.3 0.305482822 8528.6 0.54406451 8444.9 -0.096414903

3-Jul-15 271136 1.1 52.38 2576.65 1.912352173 8493.5 -0.41155641 8484.9 0.473658658

6-Jul-15 307013 0.83 45.37 2613.4 1.426270545 8517.95 0.287867193 8522.15 0.439015192

7-Jul-15 425371 0.83 45.42 2563.75 -1.899823984 8488.9 -0.3410445 8510.8 -0.133182354

8-Jul-15 510583 1.04 50.92 2549.9 -0.540224281 8287.3 -2.374866001 8363.05 -1.736029515

9-Jul-15 418181 0.87 46.55 2604.75 2.151064748 8248.55 -0.467582928 8328.55 -0.412528922

10-Jul-15 401799 0.75 42.83 2571.55 -1.274594491 8234.1 -0.175182305 8360.55 0.384220543

13-Jul-15 229719 0.79 44.17 2600.2 1.114114056 8370.75 1.659562065 8459.65 1.185328716

14-Jul-15 324900 0.61 37.79 2638.7 1.480655334 8305.7 -0.777110773 8454.1 -0.065605551

15-Jul-15 145475 0.52 34.27 2658.25 0.740895138 8403.2 1.173892628 8523.8 0.824452041

16-Jul-15 201208 0.55 35.36 2649.3 -0.33668767 8434.55 0.373072163 8608.05 0.988408926

17-Jul-15 180187 0.53 34.65 2649.4 0.003774582 8473.9 0.466533484 8609.85 0.020910659

20-Jul-15 165950 0.69 40.72 2661.9 0.471804937 8476.35 0.028912307 8603.45 -0.074333467

21-Jul-15 156870 0.79 44.17 2687.25 0.952327285 8440.45 -0.423531355 8529.45 -0.860120068

22-Jul-15 196253 0.97 49.24 2711 0.883803144 8538.8 1.165222233 8633.5 1.219891083

23-Jul-15 296483 0.92 47.81 2717.6 0.243452601 8581.35 0.49831358 8589.8 -0.506167835

24-Jul-15 336553 1.07 51.72 2740.4 0.838975567 8472.05 -1.273692368 8521.55 -0.794547021

27-Jul-15 453942 1.14 53.17 2605.05 -4.939059991 8305.65 -1.9641055 8361 -1.884046916

28-Jul-15 614008 2.06 67.28 2531.5 -2.823362316 8259.5 -0.555645856 8337 -0.287047004

29-Jul-15 412275 2.7 72.96 2569.85 1.514912107 8368.9 1.324535383 8375.05 0.456399184

30-Jul-15 1025263 2.9 74.38 2580.35 0.408584159 8387.5 0.222251431 8421.8 0.558205623

31-Jul-15 471113 3.52 77.9 2682.7 3.96651617 8544.85 1.876005961 8532.85 1.318601724

3-Aug-15 861266 2.66 72.67 2697.1 0.536772654 8609.65 0.758351522 8543.05 0.119538021

4-Aug-15 1657551 2.89 74.3 2623.85 -2.715880019 8703.6 1.091217413 8516.9 -0.306096769

5-Aug-15 404556 2.84 73.92 2666 1.60641805 8795.45 1.055310446 8567.95 0.599396494

6-Aug-15 247050 3.46 77.59 2651.1 -0.558889722 8796.95 0.017054272 8588.65 0.241598049

7-Aug-15 175465 2.49 71.31 2661.85 0.40549206 8803 0.068773836 8564.6 -0.280020725

10-Aug-15 431904 2.5 71.43 2703.95 1.581606777 8745.6 -0.652050437 8525.6 -0.455362772

11-Aug-15 682348 2.37 70.3 2688.4 -0.575084598 8619.25 -1.444726491 8462.35 -0.741883269

12-Aug-15 347945 1.94 65.99 2634.8 -1.99375093 8407.15 -2.460770949 8349.45 -1.334144771

13-Aug-15 346709 1.72 63.27 2646.5 0.444056475 8441.55 0.409175523 8355.85 0.076651756

14-Aug-15 316094 1.79 64.2 2712.45 2.491970527 8642.1 2.37574853 8518.55 1.947138831

17-Aug-15 191264 1.23 55.13 2650.25 -2.293129827 8615.45 -0.308374122 8477.3 -0.484237341

18-Aug-15 142927 1.17 53.88 2641 -0.349023677 8662.55 0.54669228 8466.55 -0.126809244

19-Aug-15 200364 1.02 50.42 2684.7 1.654676259 8703.3 0.470415755 8495.15 0.33779993

20-Aug-15 239882 0.92 47.8 2629.1 -2.070994897 8553.55 -1.720611722 8372.75 -1.440822116

21-Aug-15 536661 1.23 55.2 2555.05 -2.816553193 8381.7 -2.00910733 8299.95 -0.869487325

24-Aug-15 589441 1.24 55.41 2472.55 -3.22889963 7773.45 -7.256881062 7809 -5.915095874

25-Aug-15 588828 1.27 56.03 2464.5 -0.325574811 7920.35 1.889765805 7880.7 0.918171341

26-Aug-15 1271762 1.2 54.51 2392.7 -2.913369852 7882.1 -0.482933204 7791.85 -1.127437918

27-Aug-15 937972 1.38 57.98 2377.8 -0.622727463 7952.35 0.891259943 7948.95 2.016209244

28-Aug-15 318325 1.1 52.27 2398.6 0.87475818 8023.3 0.892189101 8001.95 0.666754729

31-Aug-15 358188 1.26 55.74 2397.2 -0.058367381 7948.55 -0.931661536 7971.3 -0.383031636

1-Sep-15 367859 1.22 54.94 2383.85 -0.556899716 7745.4 -2.555812066 7785.85 -2.326471215

2-Sep-15 493940 1.11 52.52 2338.7 -1.893995008 7638.7 -1.377591861 7717 -0.884296512

3-Sep-15 260650 0.92 47.81 2322.35 -0.699106341 7738.6 1.307814157 7823 1.373590774

4-Sep-15 424019 1.17 54.02 2290.85 -1.356384697 7559.45 -2.31501822 7655.05 -2.146874601

7-Sep-15 257462 1.1 52.28 2280.6 -0.447432176 7464.3 -1.258689455 7558.8 -1.257339926

8-Sep-15 174954 1.1 52.33 2313.2 1.429448391 7589 1.670618812 7688.25 1.712573424

9-Sep-15 208014 1.33 57.01 2344.3 1.344457894 7814.85 2.976017921 7818.6 1.695444347

10-Sep-15 222191 1.19 54.38 2348.6 0.183423623 7875.85 0.780565206 7788.1 -0.390095414

11-Sep-15 193787 1.33 57.08 2343.05 -0.236310994 7857.45 -0.233625577 7789.3 0.015408123

14-Sep-15 116680 0.98 49.58 2349.5 0.275282218 7890.75 0.423801615 7872.25 1.064922394

15-Sep-15 330037 1.23 55.08 2310.55 -1.657799532 7766.2 -1.578430441 7829.1 -0.548127918

16-Sep-15 399414 1.03 50.85 2368.35 2.501568891 7799.1 0.423630604 7899.15 0.894738859

18-Sep-15 753722 0.8 44.33 2428.5 2.539742859 7842.55 0.557115565 7981.9 1.047581069

21-Sep-15 239281 0.63 38.78 2423.7 -0.197652872 7848.75 0.079055919 7977.1 -0.060136058

22-Sep-15 380613 0.65 39.27 2388.95 -1.433758303 7709.85 -1.769708552 7812 -2.069674443

23-Sep-15 362950 0.73 42.2 2400.95 0.502312732 7705.55 -0.05577281 7845.95 0.434587814

24-Sep-15 391877 0.7 41.02 2381.7 -0.801765968 7721.25 0.203749246 7868.5 0.287409428

28-Sep-15 325138 0.71 41.51 2349.5 -1.35197548 7584.25 -1.774324106 7795.7 -0.925208108

29-Sep-15 460978 0.71 41.63 2329.25 -0.861885508 7648.2 0.843194779 7843.3 0.610593019

30-Sep-15 431516 0.76 43.25 2394.5 2.801330901 7759.6 1.456551868 7948.9 1.346372063



56

DATE VOLUME RS RSI

STOCK

PRICE

DAILY

RETURNS (%)

NIFTY AUTO

INDEX

DAILY

RETURNS (%) BETA

NIFTY

INDEX

DAILY

RETURNS (%) BETA

1-Jul-15 401143 0.94 48.35 2520.6 8482.45 0.631 8453.05 0.806

2-Jul-15 423277 0.88 46.73 2528.3 0.305482822 8528.6 0.54406451 8444.9 -0.096414903

3-Jul-15 271136 1.1 52.38 2576.65 1.912352173 8493.5 -0.41155641 8484.9 0.473658658

6-Jul-15 307013 0.83 45.37 2613.4 1.426270545 8517.95 0.287867193 8522.15 0.439015192

7-Jul-15 425371 0.83 45.42 2563.75 -1.899823984 8488.9 -0.3410445 8510.8 -0.133182354

8-Jul-15 510583 1.04 50.92 2549.9 -0.540224281 8287.3 -2.374866001 8363.05 -1.736029515

9-Jul-15 418181 0.87 46.55 2604.75 2.151064748 8248.55 -0.467582928 8328.55 -0.412528922

10-Jul-15 401799 0.75 42.83 2571.55 -1.274594491 8234.1 -0.175182305 8360.55 0.384220543

13-Jul-15 229719 0.79 44.17 2600.2 1.114114056 8370.75 1.659562065 8459.65 1.185328716

14-Jul-15 324900 0.61 37.79 2638.7 1.480655334 8305.7 -0.777110773 8454.1 -0.065605551

15-Jul-15 145475 0.52 34.27 2658.25 0.740895138 8403.2 1.173892628 8523.8 0.824452041

16-Jul-15 201208 0.55 35.36 2649.3 -0.33668767 8434.55 0.373072163 8608.05 0.988408926

17-Jul-15 180187 0.53 34.65 2649.4 0.003774582 8473.9 0.466533484 8609.85 0.020910659

20-Jul-15 165950 0.69 40.72 2661.9 0.471804937 8476.35 0.028912307 8603.45 -0.074333467

21-Jul-15 156870 0.79 44.17 2687.25 0.952327285 8440.45 -0.423531355 8529.45 -0.860120068

22-Jul-15 196253 0.97 49.24 2711 0.883803144 8538.8 1.165222233 8633.5 1.219891083

23-Jul-15 296483 0.92 47.81 2717.6 0.243452601 8581.35 0.49831358 8589.8 -0.506167835

24-Jul-15 336553 1.07 51.72 2740.4 0.838975567 8472.05 -1.273692368 8521.55 -0.794547021

27-Jul-15 453942 1.14 53.17 2605.05 -4.939059991 8305.65 -1.9641055 8361 -1.884046916

28-Jul-15 614008 2.06 67.28 2531.5 -2.823362316 8259.5 -0.555645856 8337 -0.287047004

29-Jul-15 412275 2.7 72.96 2569.85 1.514912107 8368.9 1.324535383 8375.05 0.456399184

30-Jul-15 1025263 2.9 74.38 2580.35 0.408584159 8387.5 0.222251431 8421.8 0.558205623

31-Jul-15 471113 3.52 77.9 2682.7 3.96651617 8544.85 1.876005961 8532.85 1.318601724

3-Aug-15 861266 2.66 72.67 2697.1 0.536772654 8609.65 0.758351522 8543.05 0.119538021

4-Aug-15 1657551 2.89 74.3 2623.85 -2.715880019 8703.6 1.091217413 8516.9 -0.306096769

5-Aug-15 404556 2.84 73.92 2666 1.60641805 8795.45 1.055310446 8567.95 0.599396494

6-Aug-15 247050 3.46 77.59 2651.1 -0.558889722 8796.95 0.017054272 8588.65 0.241598049

7-Aug-15 175465 2.49 71.31 2661.85 0.40549206 8803 0.068773836 8564.6 -0.280020725

10-Aug-15 431904 2.5 71.43 2703.95 1.581606777 8745.6 -0.652050437 8525.6 -0.455362772

11-Aug-15 682348 2.37 70.3 2688.4 -0.575084598 8619.25 -1.444726491 8462.35 -0.741883269

12-Aug-15 347945 1.94 65.99 2634.8 -1.99375093 8407.15 -2.460770949 8349.45 -1.334144771

13-Aug-15 346709 1.72 63.27 2646.5 0.444056475 8441.55 0.409175523 8355.85 0.076651756

14-Aug-15 316094 1.79 64.2 2712.45 2.491970527 8642.1 2.37574853 8518.55 1.947138831

17-Aug-15 191264 1.23 55.13 2650.25 -2.293129827 8615.45 -0.308374122 8477.3 -0.484237341

18-Aug-15 142927 1.17 53.88 2641 -0.349023677 8662.55 0.54669228 8466.55 -0.126809244

19-Aug-15 200364 1.02 50.42 2684.7 1.654676259 8703.3 0.470415755 8495.15 0.33779993

20-Aug-15 239882 0.92 47.8 2629.1 -2.070994897 8553.55 -1.720611722 8372.75 -1.440822116

21-Aug-15 536661 1.23 55.2 2555.05 -2.816553193 8381.7 -2.00910733 8299.95 -0.869487325

24-Aug-15 589441 1.24 55.41 2472.55 -3.22889963 7773.45 -7.256881062 7809 -5.915095874

25-Aug-15 588828 1.27 56.03 2464.5 -0.325574811 7920.35 1.889765805 7880.7 0.918171341

26-Aug-15 1271762 1.2 54.51 2392.7 -2.913369852 7882.1 -0.482933204 7791.85 -1.127437918

27-Aug-15 937972 1.38 57.98 2377.8 -0.622727463 7952.35 0.891259943 7948.95 2.016209244

28-Aug-15 318325 1.1 52.27 2398.6 0.87475818 8023.3 0.892189101 8001.95 0.666754729

31-Aug-15 358188 1.26 55.74 2397.2 -0.058367381 7948.55 -0.931661536 7971.3 -0.383031636

1-Sep-15 367859 1.22 54.94 2383.85 -0.556899716 7745.4 -2.555812066 7785.85 -2.326471215

2-Sep-15 493940 1.11 52.52 2338.7 -1.893995008 7638.7 -1.377591861 7717 -0.884296512

3-Sep-15 260650 0.92 47.81 2322.35 -0.699106341 7738.6 1.307814157 7823 1.373590774

4-Sep-15 424019 1.17 54.02 2290.85 -1.356384697 7559.45 -2.31501822 7655.05 -2.146874601

7-Sep-15 257462 1.1 52.28 2280.6 -0.447432176 7464.3 -1.258689455 7558.8 -1.257339926

8-Sep-15 174954 1.1 52.33 2313.2 1.429448391 7589 1.670618812 7688.25 1.712573424

9-Sep-15 208014 1.33 57.01 2344.3 1.344457894 7814.85 2.976017921 7818.6 1.695444347

10-Sep-15 222191 1.19 54.38 2348.6 0.183423623 7875.85 0.780565206 7788.1 -0.390095414

11-Sep-15 193787 1.33 57.08 2343.05 -0.236310994 7857.45 -0.233625577 7789.3 0.015408123

14-Sep-15 116680 0.98 49.58 2349.5 0.275282218 7890.75 0.423801615 7872.25 1.064922394

15-Sep-15 330037 1.23 55.08 2310.55 -1.657799532 7766.2 -1.578430441 7829.1 -0.548127918

16-Sep-15 399414 1.03 50.85 2368.35 2.501568891 7799.1 0.423630604 7899.15 0.894738859

18-Sep-15 753722 0.8 44.33 2428.5 2.539742859 7842.55 0.557115565 7981.9 1.047581069

21-Sep-15 239281 0.63 38.78 2423.7 -0.197652872 7848.75 0.079055919 7977.1 -0.060136058

22-Sep-15 380613 0.65 39.27 2388.95 -1.433758303 7709.85 -1.769708552 7812 -2.069674443

23-Sep-15 362950 0.73 42.2 2400.95 0.502312732 7705.55 -0.05577281 7845.95 0.434587814

24-Sep-15 391877 0.7 41.02 2381.7 -0.801765968 7721.25 0.203749246 7868.5 0.287409428

28-Sep-15 325138 0.71 41.51 2349.5 -1.35197548 7584.25 -1.774324106 7795.7 -0.925208108

29-Sep-15 460978 0.71 41.63 2329.25 -0.861885508 7648.2 0.843194779 7843.3 0.610593019

30-Sep-15 431516 0.76 43.25 2394.5 2.801330901 7759.6 1.456551868 7948.9 1.346372063

Analysis of Hero MotoCorp. Ltd. for the period 1 July

2015 to 30 September 2015 (Table 7) showed following

results:







MACD (12, 26, 9) was (42.26, 33.02, 18) (24-07,


MACD (12, 26, 9) was (-88.29, -73.27, -35.15) (07-




lowest the year.










Table 8: Hero MotoCorp. Ltd. for the period 1 October 2015 to 31 December 2015

DATE VOLUME RS RSI

STOCK

PRICE

DAILY

RETURNS (%)

NIFTY AUTO

INDEX

DAILY

RETURNS (%) BETA

NIFTY

INDEX

DAILY

RETURNS (%) BETA

1-Oct-15 541532 0.66 39.65 2412.05 7731.55 0.898 7950.9 0.825

5-Oct-15 383373 0.7 41.07 2502 3.72919301 7890.45 2.055215319 8119.3 2.11799922

6-Oct-15 295211 0.5 33.5 2532.35 1.213029576 7947.65 0.724926969 8152.9 0.413828778

7-Oct-15 202418 0.59 37.1 2540.75 0.331707702 8064.05 1.464583871 8177.4 0.300506568

8-Oct-15 146872 0.59 36.97 2541.6 0.033454689 8021.75 -0.524550319 8129.4 -0.587595079

9-Oct-15 147737 0.59 36.91 2564.85 0.914778093 8051.2 0.367126874 8189.7 0.742371776

12-Oct-15 98041 0.65 39.42 2552.95 -0.463964754 8062.6 0.1415938 8143.6 -0.562902182

13-Oct-15 178225 0.66 39.87 2538.75 -0.556219276 8078.2 0.193485972 8131.7 -0.14612702

14-Oct-15 184215 0.71 41.65 2500 -1.526341704 8010.55 -0.837439033 8107.9 -0.292681727

15-Oct-15 172463 0.74 42.37 2564.05 2.562 8193.4 2.282614802 8179.5 0.883089333

16-Oct-15 137066 0.61 37.8 2584 0.77806595 8266.65 0.894012254 8238.2 0.717036494

19-Oct-15 183298 0.66 39.78 2612.05 1.085526316 8245.55 -0.25524245 8275.1 0.447916098

20-Oct-15 369501 0.61 37.96 2606.2 -0.223962022 8265.4 0.240735912 8261.7 -0.161932556

21-Oct-15 643276 0.51 33.71 2622.8 0.636942675 8285.15 0.238947903 8251.7 -0.12043599

23-Oct-15 205893 0.59 37.15 2596.05 -1.019902394 8228.3 -0.68616742 8295.5 0.530193778

26-Oct-15 197884 0.62 38.39 2620.55 0.943741453 8232.25 0.048005056 8260.6 -0.420712559

27-Oct-15 357084 0.81 44.81 2620.1 -0.017171968 8272.35 0.487108628 8232.9 -0.334723475

28-Oct-15 199328 0.7 41.28 2626.05 0.227090569 8206.15 -0.800256275 8171.2 -0.749432156

29-Oct-15 265627 0.71 41.61 2626.65 0.022848004 8195.9 -0.12490632 8111.8 -0.727555316

30-Oct-15 341083 0.71 41.64 2581.4 -1.722726667 8091.95 -1.268317085 8065.8 -0.566462231

2-Nov-15 367201 0.9 47.27 2545.85 -1.377159681 8097.1 0.063643498 8050.8 -0.185970394

3-Nov-15 226406 1.04 51.09 2582.75 1.44941768 8102.9 0.071630584 8060.7 0.122969146

4-Nov-15 223537 1.03 50.86 2621.05 1.482915497 8235.75 1.639536462 8040.2 -0.254320344

5-Nov-15 229100 0.87 46.59 2638.7 0.67339425 8194.15 -0.505114895 7955.5 -1.054078257

6-Nov-15 359043 1.09 52.09 2639.85 0.043582067 8144.45 -0.606530269 7954.3 -0.014455499

9-Nov-15 138190 1.21 54.7 2614.1 -0.97543421 8246.2 1.24931702 7915.2 -0.491558025

10-Nov-15 218330 1.31 56.79 2663.7 1.897402548 8257.7 0.139458175 7783.4 -1.665782292

11-Nov-15 25771 1.26 55.73 2657.3 -0.240267297 8303.95 0.560083316 7825 0.535116627

13-Nov-15 155474 1.07 51.69 2615.4 -1.576788469 8178.3 -1.513135315 7762.3 -0.801916933

16-Nov-15 153495 1.19 54.25 2611.7 -0.141469756 8190.35 0.147341134 7806.6 0.571354955

17-Nov-15 196186 1.06 51.43 2597.95 -0.526477007 8252.1 0.753936034 7837.6 0.396459406

18-Nov-15 165550 1.15 53.43 2574.85 -0.889162609 8181 -0.861598866 7731.8 -1.349273689

19-Nov-15 736910 1.02 50.4 2589.7 0.576732625 8295.05 1.394083853 7842.8 1.434982798

20-Nov-15 747678 0.92 48.05 2562.85 -1.036799629 8339.4 0.534656211 7856.6 0.175958688

23-Nov-15 724326 0.84 45.59 2636.65 2.879606688 8395.35 0.670911576 7849.3 -0.092916102

24-Nov-15 397339 0.61 37.85 2645.35 0.329964159 8332.9 -0.743864163 7831.6 -0.224862248

26-Nov-15 1400143 0.69 40.94 2688.7 1.638724554 8444.6 1.340469704 7883.8 0.666530466

27-Nov-15 300797 0.68 40.35 2704.45 0.585784952 8443.65 -0.011249793 7942.7 0.747101651

30-Nov-15 604367 0.68 40.57 2699.15 -0.195973303 8481.85 0.452410983 7935.3 -0.09379682

1-Dec-15 439761 0.53 34.82 2678.4 -0.768760536 8419 -0.740994005 7954.9 0.247629249

2-Dec-15 552538 0.52 34.03 2676.45 -0.072804659 8416.4 -0.030882528 7931.4 -0.296043948

3-Dec-15 395343 0.51 33.79 2617.8 -2.191335538 8334.65 -0.971317903 7864.2 -0.847270641

4-Dec-15 223767 0.7 41.03 2617.8 0 8240.7 -1.127221899 7781.9 -1.045885442

7-Dec-15 667088 0.62 38.1 2623.05 0.20055008 8221.5 -0.232989916 7765.4 -0.212030481

8-Dec-15 231485 0.8 44.35 2601.9 -0.806313261 8210.35 -0.135620021 7701.7 -0.820305458

9-Dec-15 247209 0.84 45.54 2546.4 -2.133056612 8067.9 -1.735005207 7612.5 -1.158185855

10-Dec-15 295521 1.01 50.2 2548.35 0.076578699 8085 0.211951065 7683.3 0.930049261

11-Dec-15 303901 1.1 52.27 2525.15 -0.910392999 7943.25 -1.753246753 7610.5 -0.948160296

14-Dec-15 178832 1.07 51.79 2535.75 0.419777043 7964.05 0.261857552 7650.1 0.520337168

15-Dec-15 203987 1.87 65.13 2567.8 1.26392586 8082.35 1.485425129 7700.9 0.664701538

16-Dec-15 241774 1.47 59.47 2595.4 1.074850066 8035.6 -0.57842088 7750.9 0.64927476

17-Dec-15 254167 1.72 63.17 2654.95 2.294444016 8149 1.411220071 7844.4 1.205666439

18-Dec-15 237868 1.17 53.85 2643.15 -0.444452815 8079.2 -0.856546816 7762 -1.050437576

21-Dec-15 351826 1.21 54.7 2697.95 2.073283771 8154.9 0.936973958 7834.5 0.934043636

22-Dec-15 299012 1.05 51.17 2670.35 -1.022998944 8099.65 -0.677506775 7786.1 -0.617146066

23-Dec-15 173603 1.2 54.62 2678.2 0.293968955 8111 0.140129512 7866 1.025545523

24-Dec-15 187156 1.12 52.74 2696.4 0.679560899 8136.6 0.315620762 7861.1 -0.062293811

28-Dec-15 327048 1.15 53.5 2709.4 0.482124314 8228.4 1.128235381 7925.2 0.815412699

29-Dec-15 283306 1.11 52.63 2731.9 0.830442164 8268.8 0.490982451 7929 0.047948619

30-Dec-15 196033 1.19 54.34 2712.95 -0.69365643 8240.2 -0.345878483 7896.3 -0.412412741

31-Dec-15 913225 0.82 45.11 2694.1 -0.694815607 8254.75 0.176573384 7946.4 0.634478392



57

DATE VOLUME RS RSI

STOCK

PRICE

DAILY

RETURNS (%)

NIFTY AUTO

INDEX

DAILY

RETURNS (%) BETA

NIFTY

INDEX

DAILY

RETURNS (%) BETA

1-Oct-15 541532 0.66 39.65 2412.05 7731.55 0.898 7950.9 0.825

5-Oct-15 383373 0.7 41.07 2502 3.72919301 7890.45 2.055215319 8119.3 2.11799922

6-Oct-15 295211 0.5 33.5 2532.35 1.213029576 7947.65 0.724926969 8152.9 0.413828778

7-Oct-15 202418 0.59 37.1 2540.75 0.331707702 8064.05 1.464583871 8177.4 0.300506568

8-Oct-15 146872 0.59 36.97 2541.6 0.033454689 8021.75 -0.524550319 8129.4 -0.587595079

9-Oct-15 147737 0.59 36.91 2564.85 0.914778093 8051.2 0.367126874 8189.7 0.742371776

12-Oct-15 98041 0.65 39.42 2552.95 -0.463964754 8062.6 0.1415938 8143.6 -0.562902182

13-Oct-15 178225 0.66 39.87 2538.75 -0.556219276 8078.2 0.193485972 8131.7 -0.14612702

14-Oct-15 184215 0.71 41.65 2500 -1.526341704 8010.55 -0.837439033 8107.9 -0.292681727

15-Oct-15 172463 0.74 42.37 2564.05 2.562 8193.4 2.282614802 8179.5 0.883089333

16-Oct-15 137066 0.61 37.8 2584 0.77806595 8266.65 0.894012254 8238.2 0.717036494

19-Oct-15 183298 0.66 39.78 2612.05 1.085526316 8245.55 -0.25524245 8275.1 0.447916098

20-Oct-15 369501 0.61 37.96 2606.2 -0.223962022 8265.4 0.240735912 8261.7 -0.161932556

21-Oct-15 643276 0.51 33.71 2622.8 0.636942675 8285.15 0.238947903 8251.7 -0.12043599

23-Oct-15 205893 0.59 37.15 2596.05 -1.019902394 8228.3 -0.68616742 8295.5 0.530193778

26-Oct-15 197884 0.62 38.39 2620.55 0.943741453 8232.25 0.048005056 8260.6 -0.420712559

27-Oct-15 357084 0.81 44.81 2620.1 -0.017171968 8272.35 0.487108628 8232.9 -0.334723475

28-Oct-15 199328 0.7 41.28 2626.05 0.227090569 8206.15 -0.800256275 8171.2 -0.749432156

29-Oct-15 265627 0.71 41.61 2626.65 0.022848004 8195.9 -0.12490632 8111.8 -0.727555316

30-Oct-15 341083 0.71 41.64 2581.4 -1.722726667 8091.95 -1.268317085 8065.8 -0.566462231

2-Nov-15 367201 0.9 47.27 2545.85 -1.377159681 8097.1 0.063643498 8050.8 -0.185970394

3-Nov-15 226406 1.04 51.09 2582.75 1.44941768 8102.9 0.071630584 8060.7 0.122969146

4-Nov-15 223537 1.03 50.86 2621.05 1.482915497 8235.75 1.639536462 8040.2 -0.254320344

5-Nov-15 229100 0.87 46.59 2638.7 0.67339425 8194.15 -0.505114895 7955.5 -1.054078257

6-Nov-15 359043 1.09 52.09 2639.85 0.043582067 8144.45 -0.606530269 7954.3 -0.014455499

9-Nov-15 138190 1.21 54.7 2614.1 -0.97543421 8246.2 1.24931702 7915.2 -0.491558025

10-Nov-15 218330 1.31 56.79 2663.7 1.897402548 8257.7 0.139458175 7783.4 -1.665782292

11-Nov-15 25771 1.26 55.73 2657.3 -0.240267297 8303.95 0.560083316 7825 0.535116627

13-Nov-15 155474 1.07 51.69 2615.4 -1.576788469 8178.3 -1.513135315 7762.3 -0.801916933

16-Nov-15 153495 1.19 54.25 2611.7 -0.141469756 8190.35 0.147341134 7806.6 0.571354955

17-Nov-15 196186 1.06 51.43 2597.95 -0.526477007 8252.1 0.753936034 7837.6 0.396459406

18-Nov-15 165550 1.15 53.43 2574.85 -0.889162609 8181 -0.861598866 7731.8 -1.349273689

19-Nov-15 736910 1.02 50.4 2589.7 0.576732625 8295.05 1.394083853 7842.8 1.434982798

20-Nov-15 747678 0.92 48.05 2562.85 -1.036799629 8339.4 0.534656211 7856.6 0.175958688

23-Nov-15 724326 0.84 45.59 2636.65 2.879606688 8395.35 0.670911576 7849.3 -0.092916102

24-Nov-15 397339 0.61 37.85 2645.35 0.329964159 8332.9 -0.743864163 7831.6 -0.224862248

26-Nov-15 1400143 0.69 40.94 2688.7 1.638724554 8444.6 1.340469704 7883.8 0.666530466

27-Nov-15 300797 0.68 40.35 2704.45 0.585784952 8443.65 -0.011249793 7942.7 0.747101651

30-Nov-15 604367 0.68 40.57 2699.15 -0.195973303 8481.85 0.452410983 7935.3 -0.09379682

1-Dec-15 439761 0.53 34.82 2678.4 -0.768760536 8419 -0.740994005 7954.9 0.247629249

2-Dec-15 552538 0.52 34.03 2676.45 -0.072804659 8416.4 -0.030882528 7931.4 -0.296043948

3-Dec-15 395343 0.51 33.79 2617.8 -2.191335538 8334.65 -0.971317903 7864.2 -0.847270641

4-Dec-15 223767 0.7 41.03 2617.8 0 8240.7 -1.127221899 7781.9 -1.045885442

7-Dec-15 667088 0.62 38.1 2623.05 0.20055008 8221.5 -0.232989916 7765.4 -0.212030481

8-Dec-15 231485 0.8 44.35 2601.9 -0.806313261 8210.35 -0.135620021 7701.7 -0.820305458

9-Dec-15 247209 0.84 45.54 2546.4 -2.133056612 8067.9 -1.735005207 7612.5 -1.158185855

10-Dec-15 295521 1.01 50.2 2548.35 0.076578699 8085 0.211951065 7683.3 0.930049261

11-Dec-15 303901 1.1 52.27 2525.15 -0.910392999 7943.25 -1.753246753 7610.5 -0.948160296

14-Dec-15 178832 1.07 51.79 2535.75 0.419777043 7964.05 0.261857552 7650.1 0.520337168

15-Dec-15 203987 1.87 65.13 2567.8 1.26392586 8082.35 1.485425129 7700.9 0.664701538

16-Dec-15 241774 1.47 59.47 2595.4 1.074850066 8035.6 -0.57842088 7750.9 0.64927476

17-Dec-15 254167 1.72 63.17 2654.95 2.294444016 8149 1.411220071 7844.4 1.205666439

18-Dec-15 237868 1.17 53.85 2643.15 -0.444452815 8079.2 -0.856546816 7762 -1.050437576

21-Dec-15 351826 1.21 54.7 2697.95 2.073283771 8154.9 0.936973958 7834.5 0.934043636

22-Dec-15 299012 1.05 51.17 2670.35 -1.022998944 8099.65 -0.677506775 7786.1 -0.617146066

23-Dec-15 173603 1.2 54.62 2678.2 0.293968955 8111 0.140129512 7866 1.025545523

24-Dec-15 187156 1.12 52.74 2696.4 0.679560899 8136.6 0.315620762 7861.1 -0.062293811

28-Dec-15 327048 1.15 53.5 2709.4 0.482124314 8228.4 1.128235381 7925.2 0.815412699

29-Dec-15 283306 1.11 52.63 2731.9 0.830442164 8268.8 0.490982451 7929 0.047948619

30-Dec-15 196033 1.19 54.34 2712.95 -0.69365643 8240.2 -0.345878483 7896.3 -0.412412741

31-Dec-15 913225 0.82 45.11 2694.1 -0.694815607 8254.75 0.176573384 7946.4 0.634478392

Analysis of Hero MotoCorp. Ltd. for the period 1 October

2015 to 31 December 2015 (Table 8) showed following

results:


the year and at 01-10-2015 EMA was 2395 means

lowest the year.



lowest the year.

MACD (12, 26, 9) was (48.98, 42.85, 28.31) (28-


MACD (12, 26, 9) was (-24.5, -37.5, -18.37) (01-




lowest the year.










MARUTI SUZUKI INDIA LIMITED

Analysis of Maruti Suzuki India ltd. for the period 1 January 2015 to 31 December 2015.



58

Graph 3: Maruti Suzuki India Ltd. for the period 1 January 2015 to 31 December 2015

Table 9: Maruti Suzuki India Ltd. for the period 1 January 2015 to 31 March 2015

DATE VOLUME RS RSI

STOCK

PRICE

DAILY

RETURNS (%)

NIFTY AUTO

INDEX

DAILY

RETURNS (%) BETA

NIFTY

INDEX

DAILY

RETURNS (%) BETA

1-Jan-15 299232 1.05 51.15 3329.8 8318.8 0.037 8284 0.101

2-Jan-15 233924 0.97 49.3 3340.75 0.328848579 8365.4 0.560176949 8395.45 1.345364558

5-Jan-15 536747 1 50.04 3359.6 0.564244556 8467.95 1.225882803 8378.4 -0.203086195

6-Jan-15 422743 1.1 52.28 3447.8 2.625312537 8248.2 -2.595079092 8127.35 -2.996395493

7-Jan-15 369241 0.98 49.39 3395.25 -1.524160334 8254.7 0.078805073 8102.1 -0.310679373

8-Jan-15 422022 0.95 48.64 3437.75 1.251748767 8397.3 1.727500697 8234.6 1.635378482

9-Jan-15 194054 0.86 46.29 3475.5 1.098101956 8397 -0.003572577 8284.5 0.605979647

12-Jan-15 152803 1.15 53.6 3468.2 -0.210041721 8409.55 0.14945814 8323 0.464723278

13-Jan-15 237771 1.02 50.54 3462.9 -0.152817023 8398.8 -0.127830859 8299.4 -0.283551604

14-Jan-15 429069 0.91 47.59 3468.25 0.154494788 8427.7 0.344096776 8277.55 -0.263272044

15-Jan-15 670686 0.91 47.57 3516 1.376775031 8614.7 2.218873477 8494.15 2.616716299

16-Jan-15 379075 0.78 43.81 3625.8 3.122866894 8623.6 0.103311781 8513.8 0.231335684

19-Jan-15 192537 0.55 35.49 3616.6 -0.253737106 8694.9 0.826800872 8550.7 0.433413987

20-Jan-15 333315 0.46 31.39 3626.25 0.266825195 8760.9 0.759065659 8695.6 1.694598103

21-Jan-15 402419 0.45 30.83 3605.55 -0.570837642 8779.95 0.217443413 8729.5 0.389852339

22-Jan-15 318883 0.46 31.57 3634.7 0.808475822 8842 0.706723842 8761.4 0.365427573

23-Jan-15 337571 0.44 30.55 3597.25 -1.030346383 8983.1 1.595792807 8835.6 0.846896615

27-Jan-15 1278436 0.48 32.31 3606.7 0.262700674 9099.6 1.296879696 8910.5 0.847707003

28-Jan-15 672705 0.61 37.74 3687.9 2.251365514 9043.15 -0.620356939 8914.3 0.042646316

29-Jan-15 603103 0.39 27.86 3725.8 1.027685132 9049.7 0.072430514 8952.35 0.426842265

30-Jan-15 284786 0.39 28.11 3688.8 -0.993075313 8930.85 -1.313303203 8808.9 -1.602372561

2-Feb-15 319679 0.47 32.07 3647.35 -1.123671655 8976.1 0.506670698 8797.4 -0.130549785

3-Feb-15 220676 0.61 37.89 3669.45 0.605919366 8919.7 -0.628335246 8756.55 -0.464341737

4-Feb-15 203545 0.74 42.69 3607.85 -1.678725695 8812.5 -1.201834142 8723.7 -0.375147747

5-Feb-15 379633 0.8 44.35 3557.55 -1.394182131 8749.65 -0.713191489 8711.7 -0.137556312

6-Feb-15 198214 0.86 46.27 3522.7 -0.979606752 8496.3 -2.895544393 8661.05 -0.581402023

9-Feb-15 286868 1.16 53.66 3502.6 -0.570585063 8294.45 -2.375740028 8526.35 -1.555238684

10-Feb-15 547537 1.2 54.57 3411.3 -2.606635071 8436.05 1.707165635 8565.55 0.459751242

11-Feb-15 341769 1.22 54.95 3393.85 -0.511535192 8514.15 0.925788728 8627.4 0.722078559

12-Feb-15 436882 1.21 54.74 3454.75 1.794422264 8654.3 1.646083285 8711.55 0.975380764

13-Feb-15 321186 1.03 50.69 3551.9 2.812070338 8759 1.209803219 8805.5 1.078453318

16-Feb-15 260901 0.86 46.24 3616.95 1.831414173 8792.55 0.383034593 8809.35 0.043722673

18-Feb-15 161803 0.73 42.16 3572.1 -1.239995023 8884.85 1.049752347 8869.1 0.678256625

19-Feb-15 214789 0.78 43.91 3564.95 -0.200162369 8871.65 -0.148567505 8895.3 0.295407651

20-Feb-15 240749 0.66 39.85 3595.15 0.847136706 8874.65 0.033815581 8833.6 -0.693624723

23-Feb-15 163132 0.74 42.68 3547.35 -1.329569003 8804.15 -0.794397526 8754.95 -0.89035048

24-Feb-15 143983 0.76 43.09 3545.9 -0.040875583 8777.7 -0.300426503 8762.1 0.081668085

25-Feb-15 173339 0.6 37.31 3588.3 1.195747201 8781.3 0.041013022 8767.25 0.058775864

26-Feb-15 429598 0.59 37.2 3579.9 -0.234094139 8640.7 -1.601129673 8683.85 -0.951267501

27-Feb-15 378654 0.51 33.93 3496.85 -2.319897204 8841.8 2.327357737 8844.6 1.851137456

28-Feb-15 255838 0.6 37.66 3604.4 3.075625206 8935.35 1.05804248 8901.85 0.647287611

2-Mar-15 386182 0.56 35.92 3620.85 0.456386639 8919.55 -0.176825754 8956.75 0.616725737

3-Mar-15 206296 0.5 33.37 3711.45 2.502174904 8838.8 -0.90531473 8996.25 0.441008178

4-Mar-15 340907 0.5 33.49 3708.65 -0.075442213 8777.85 -0.689573245 8922.65 -0.818118661

5-Mar-15 152837 0.44 30.31 3678.4 -0.815660685 8825.65 0.544552482 8937.75 0.169232235

9-Mar-15 218786 0.48 32.46 3678.75 0.009515007 8727.05 -1.117198167 8756.75 -2.025118179

10-Mar-15 182667 0.59 37.06 3671.3 -0.202514441 8756.4 0.336310666 8712.05 -0.510463357

11-Mar-15 198508 0.49 32.94 3646.75 -0.66870046 8761.5 0.058243114 8699.95 -0.138888092

12-Mar-15 308505 0.54 34.92 3656.45 0.265990265 8851.65 1.028933402 8776 0.874142955

13-Mar-15 363024 0.58 36.62 3685.2 0.786281776 8721.75 -1.467523004 8647.75 -1.461371923

16-Mar-15 182829 0.53 34.81 3650.7 -0.936177141 8697.85 -0.274027575 8633.15 -0.168830042

17-Mar-15 185250 0.65 39.24 3647.05 -0.099980826 8807.4 1.25950666 8723.3 1.044230669

18-Mar-15 177261 0.58 36.55 3661.55 0.397581607 8748.75 -0.665917297 8685.9 -0.428736831

19-Mar-15 252139 0.7 41.01 3664.9 0.091491308 8719.55 -0.333761966 8634.65 -0.590036726

20-Mar-15 206403 0.51 33.66 3655 -0.270130154 8585.95 -1.532189161 8570.9 -0.73830439

23-Mar-15 192986 0.69 40.86 3623.85 -0.852257182 8597.8 0.138016178 8550.9 -0.233347723

24-Mar-15 227226 0.73 42.35 3594.4 -0.812671606 8480.8 -1.360813231 8542.95 -0.09297267

25-Mar-15 201854 1.7 63.01 3587.3 -0.19752949 8515.65 0.410928214 8530.8 -0.142222534

26-Mar-15 489101 1.75 63.58 3614.75 0.765199454 8385.35 -1.530123948 8342.15 -2.211398696

27-Mar-15 204071 1.32 56.85 3561.45 -1.474514143 8435 0.592104086 8341.4 -0.008990488

30-Mar-15 152167 1.33 57.15 3610.05 1.364612728 8574.45 1.653230587 8492.3 1.809048841

31-Mar-15 294635 1.1 52.31 3660.95 1.409952771 8621.75 0.551638881 8491 -0.015307985



59

DATE VOLUME RS RSI

STOCK

PRICE

DAILY

RETURNS (%)

NIFTY AUTO

INDEX

DAILY

RETURNS (%) BETA

NIFTY

INDEX

DAILY

RETURNS (%) BETA

1-Jan-15 299232 1.05 51.15 3329.8 8318.8 0.037 8284 0.101

2-Jan-15 233924 0.97 49.3 3340.75 0.328848579 8365.4 0.560176949 8395.45 1.345364558

5-Jan-15 536747 1 50.04 3359.6 0.564244556 8467.95 1.225882803 8378.4 -0.203086195

6-Jan-15 422743 1.1 52.28 3447.8 2.625312537 8248.2 -2.595079092 8127.35 -2.996395493

7-Jan-15 369241 0.98 49.39 3395.25 -1.524160334 8254.7 0.078805073 8102.1 -0.310679373

8-Jan-15 422022 0.95 48.64 3437.75 1.251748767 8397.3 1.727500697 8234.6 1.635378482

9-Jan-15 194054 0.86 46.29 3475.5 1.098101956 8397 -0.003572577 8284.5 0.605979647

12-Jan-15 152803 1.15 53.6 3468.2 -0.210041721 8409.55 0.14945814 8323 0.464723278

13-Jan-15 237771 1.02 50.54 3462.9 -0.152817023 8398.8 -0.127830859 8299.4 -0.283551604

14-Jan-15 429069 0.91 47.59 3468.25 0.154494788 8427.7 0.344096776 8277.55 -0.263272044

15-Jan-15 670686 0.91 47.57 3516 1.376775031 8614.7 2.218873477 8494.15 2.616716299

16-Jan-15 379075 0.78 43.81 3625.8 3.122866894 8623.6 0.103311781 8513.8 0.231335684

19-Jan-15 192537 0.55 35.49 3616.6 -0.253737106 8694.9 0.826800872 8550.7 0.433413987

20-Jan-15 333315 0.46 31.39 3626.25 0.266825195 8760.9 0.759065659 8695.6 1.694598103

21-Jan-15 402419 0.45 30.83 3605.55 -0.570837642 8779.95 0.217443413 8729.5 0.389852339

22-Jan-15 318883 0.46 31.57 3634.7 0.808475822 8842 0.706723842 8761.4 0.365427573

23-Jan-15 337571 0.44 30.55 3597.25 -1.030346383 8983.1 1.595792807 8835.6 0.846896615

27-Jan-15 1278436 0.48 32.31 3606.7 0.262700674 9099.6 1.296879696 8910.5 0.847707003

28-Jan-15 672705 0.61 37.74 3687.9 2.251365514 9043.15 -0.620356939 8914.3 0.042646316

29-Jan-15 603103 0.39 27.86 3725.8 1.027685132 9049.7 0.072430514 8952.35 0.426842265

30-Jan-15 284786 0.39 28.11 3688.8 -0.993075313 8930.85 -1.313303203 8808.9 -1.602372561

2-Feb-15 319679 0.47 32.07 3647.35 -1.123671655 8976.1 0.506670698 8797.4 -0.130549785

3-Feb-15 220676 0.61 37.89 3669.45 0.605919366 8919.7 -0.628335246 8756.55 -0.464341737

4-Feb-15 203545 0.74 42.69 3607.85 -1.678725695 8812.5 -1.201834142 8723.7 -0.375147747

5-Feb-15 379633 0.8 44.35 3557.55 -1.394182131 8749.65 -0.713191489 8711.7 -0.137556312

6-Feb-15 198214 0.86 46.27 3522.7 -0.979606752 8496.3 -2.895544393 8661.05 -0.581402023

9-Feb-15 286868 1.16 53.66 3502.6 -0.570585063 8294.45 -2.375740028 8526.35 -1.555238684

10-Feb-15 547537 1.2 54.57 3411.3 -2.606635071 8436.05 1.707165635 8565.55 0.459751242

11-Feb-15 341769 1.22 54.95 3393.85 -0.511535192 8514.15 0.925788728 8627.4 0.722078559

12-Feb-15 436882 1.21 54.74 3454.75 1.794422264 8654.3 1.646083285 8711.55 0.975380764

13-Feb-15 321186 1.03 50.69 3551.9 2.812070338 8759 1.209803219 8805.5 1.078453318

16-Feb-15 260901 0.86 46.24 3616.95 1.831414173 8792.55 0.383034593 8809.35 0.043722673

18-Feb-15 161803 0.73 42.16 3572.1 -1.239995023 8884.85 1.049752347 8869.1 0.678256625

19-Feb-15 214789 0.78 43.91 3564.95 -0.200162369 8871.65 -0.148567505 8895.3 0.295407651

20-Feb-15 240749 0.66 39.85 3595.15 0.847136706 8874.65 0.033815581 8833.6 -0.693624723

23-Feb-15 163132 0.74 42.68 3547.35 -1.329569003 8804.15 -0.794397526 8754.95 -0.89035048

24-Feb-15 143983 0.76 43.09 3545.9 -0.040875583 8777.7 -0.300426503 8762.1 0.081668085

25-Feb-15 173339 0.6 37.31 3588.3 1.195747201 8781.3 0.041013022 8767.25 0.058775864

26-Feb-15 429598 0.59 37.2 3579.9 -0.234094139 8640.7 -1.601129673 8683.85 -0.951267501

27-Feb-15 378654 0.51 33.93 3496.85 -2.319897204 8841.8 2.327357737 8844.6 1.851137456

28-Feb-15 255838 0.6 37.66 3604.4 3.075625206 8935.35 1.05804248 8901.85 0.647287611

2-Mar-15 386182 0.56 35.92 3620.85 0.456386639 8919.55 -0.176825754 8956.75 0.616725737

3-Mar-15 206296 0.5 33.37 3711.45 2.502174904 8838.8 -0.90531473 8996.25 0.441008178

4-Mar-15 340907 0.5 33.49 3708.65 -0.075442213 8777.85 -0.689573245 8922.65 -0.818118661

5-Mar-15 152837 0.44 30.31 3678.4 -0.815660685 8825.65 0.544552482 8937.75 0.169232235

9-Mar-15 218786 0.48 32.46 3678.75 0.009515007 8727.05 -1.117198167 8756.75 -2.025118179

10-Mar-15 182667 0.59 37.06 3671.3 -0.202514441 8756.4 0.336310666 8712.05 -0.510463357

11-Mar-15 198508 0.49 32.94 3646.75 -0.66870046 8761.5 0.058243114 8699.95 -0.138888092

12-Mar-15 308505 0.54 34.92 3656.45 0.265990265 8851.65 1.028933402 8776 0.874142955

13-Mar-15 363024 0.58 36.62 3685.2 0.786281776 8721.75 -1.467523004 8647.75 -1.461371923

16-Mar-15 182829 0.53 34.81 3650.7 -0.936177141 8697.85 -0.274027575 8633.15 -0.168830042

17-Mar-15 185250 0.65 39.24 3647.05 -0.099980826 8807.4 1.25950666 8723.3 1.044230669

18-Mar-15 177261 0.58 36.55 3661.55 0.397581607 8748.75 -0.665917297 8685.9 -0.428736831

19-Mar-15 252139 0.7 41.01 3664.9 0.091491308 8719.55 -0.333761966 8634.65 -0.590036726

20-Mar-15 206403 0.51 33.66 3655 -0.270130154 8585.95 -1.532189161 8570.9 -0.73830439

23-Mar-15 192986 0.69 40.86 3623.85 -0.852257182 8597.8 0.138016178 8550.9 -0.233347723

24-Mar-15 227226 0.73 42.35 3594.4 -0.812671606 8480.8 -1.360813231 8542.95 -0.09297267

25-Mar-15 201854 1.7 63.01 3587.3 -0.19752949 8515.65 0.410928214 8530.8 -0.142222534

26-Mar-15 489101 1.75 63.58 3614.75 0.765199454 8385.35 -1.530123948 8342.15 -2.211398696

27-Mar-15 204071 1.32 56.85 3561.45 -1.474514143 8435 0.592104086 8341.4 -0.008990488

30-Mar-15 152167 1.33 57.15 3610.05 1.364612728 8574.45 1.653230587 8492.3 1.809048841

31-Mar-15 294635 1.1 52.31 3660.95 1.409952771 8621.75 0.551638881 8491 -0.015307985

Analysis of Maruti Suzuki India Ltd. for the period 1

January 2015 to 31 March 2015 (Table 9) showed

following results:

At 19-03-2015 EMA was 3636 means highest of





lowest the year.

MACD (12, 26, 9) was (83.55, 72.95, 22.07) (29-


MACD (12, 26, 9) was (-0.19, 12.53, -37.29) (11-




lowest the year.




Maruti Suzuki India ltd.’s Return (0.037) is less





responsive to NIFTY Index. Level of risk



Table 10: Maruti Suzuki India Ltd. for the period 1 April 2015 to 30 June 2015

DATE VOLUME RS RSI

STOCK

PRICE

DAILY

RETURNS (%)

NIFTY AUTO

INDEX

DAILY

RETURNS (%) BETA

NIFTY

INDEX

DAILY

RETURNS (%) BETA

1-Apr-15 694487 0.92 47.98 3697.35 8710.75 -0.034 8586.25 -0.225

6-Apr-15 262771 0.81 44.6 3644.7 -1.42399286 8792 0.932755503 8659.9 0.857766778

7-Apr-15 306684 0.92 47.85 3628.95 -0.432134332 8794.5 0.028434941 8660.3 0.004618991

8-Apr-15 256031 0.84 45.65 3599.9 -0.800507034 8838.75 0.503155381 8714.4 0.624689676

9-Apr-15 238584 0.95 48.59 3628.7 0.800022223 8848.15 0.10634988 8778.3 0.733269072

10-Apr-15 201302 0.88 46.7 3659.2 0.840521399 8879 0.348660454 8780.35 0.023353041

13-Apr-15 218690 0.77 43.48 3666.6 0.202229996 8817.85 -0.688703683 8834 0.611023479

15-Apr-15 232802 0.95 48.71 3665.2 -0.038182512 8682 -1.540624982 8750.2 -0.948607652

16-Apr-15 206305 0.82 45.06 3680.25 0.410618793 8666.4 -0.179682101 8706.7 -0.497131494

17-Apr-15 99056 0.87 46.42 3677.9 -0.063854358 8558.2 -1.248499954 8606 -1.156580564

20-Apr-15 175033 0.84 45.67 3646.8 -0.845591234 8398.6 -1.864878129 8448.1 -1.834766442

21-Apr-15 482786 0.85 46.03 3608.05 -1.062575409 8284.9 -1.353797061 8377.75 -0.83273162

22-Apr-15 422446 0.79 44.01 3490.15 -3.267693075 8280.3 -0.055522698 8429.7 0.620094894

23-Apr-15 234616 1.28 56.18 3462.95 -0.779336132 8228.8 -0.621958142 8398.3 -0.372492497

24-Apr-15 332449 1.49 59.78 3494.45 0.909629073 8164.45 -0.782009528 8305.25 -1.107962326

27-Apr-15 1804129 1.55 60.8 3541.4 1.343559072 8118.65 -0.560968589 8213.8 -1.101110743

28-Apr-15 1129937 1.23 55.23 3648.4 3.021403965 8315.4 2.423432467 8285.6 0.874138645

29-Apr-15 703698 0.93 48.11 3822.6 4.774695757 8278.5 -0.443754961 8239.75 -0.553369702

30-Apr-15 592304 0.66 39.78 3766.2 -1.475435567 8188.2 -1.090777315 8181.5 -0.706938924

4-May-15 478823 0.67 40 3725.85 -1.071371674 8330.2 1.734202877 8331.95 1.838904846

5-May-15 458196 0.62 38.24 3757.75 0.856180469 8327.2 -0.036013541 8324.8 -0.085814245

6-May-15 430929 0.58 36.78 3793.05 0.939391923 8089.85 -2.850297819 8097 -2.736402076

7-May-15 469950 0.71 41.54 3634.55 -4.178695245 7986.25 -1.28061707 8057.3 -0.490305051

8-May-15 495595 0.83 45.36 3543.6 -2.502373059 8199.25 2.667084051 8191.5 1.665570352

11-May-15 288810 0.99 49.65 3610.55 1.889321594 8427.55 2.784401012 8325.25 1.632790087

12-May-15 332314 1.07 51.77 3651.7 1.139715556 8277.5 -1.780470006 8126.95 -2.381910453

13-May-15 337505 1.22 55.05 3577.45 -2.033299559 8413.4 1.64180006 8235.45 1.3350642

14-May-15 287801 1.12 52.74 3604.1 0.744944024 8485.5 0.856966268 8224.2 -0.136604557

15-May-15 208258 1.35 57.4 3646.5 1.176437946 8539.55 0.636968947 8262.35 0.463874906

18-May-15 183483 1.32 56.93 3671.2 0.677361854 8600.05 0.708468245 8373.65 1.34707438

19-May-15 175567 1.38 57.9 3697.6 0.719110917 8531.3 -0.799413957 8365.65 -0.095537788

20-May-15 218115 1.61 61.71 3706.75 0.24745781 8484.8 -0.545051751 8423.25 0.688529881

21-May-15 198709 2.48 71.3 3711.9 0.138935725 8549.6 0.76371865 8421 -0.02671178

22-May-15 135158 2.94 74.61 3698.1 -0.371777257 8581.65 0.374871339 8458.95 0.450659067

25-May-15 81113 2.72 73.15 3702.55 0.120332062 8565.1 -0.192853356 8370.25 -1.048593502

26-May-15 252919 2.99 74.93 3692.75 -0.264682449 8548.15 -0.197896113 8339.35 -0.369164601

27-May-15 283565 2.53 71.68 3726.45 0.912599012 8369.9 -2.085246515 8334.6 -0.056958876

28-May-15 317937 1.68 62.71 3721.9 -0.122100122 8379.3 0.112307196 8319 -0.18717155

29-May-15 432656 0.91 47.7 3708.9 -0.349283968 8536.75 1.879035242 8433.65 1.378170453

1-Jun-15 571376 0.97 49.28 3785.7 2.070694815 8509.35 -0.320965239 8433.4 -0.002964316

2-Jun-15 329350 0.83 45.44 3882.85 2.566236099 8325.05 -2.165852856 8236.45 -2.335357033

3-Jun-15 277700 0.3 22.89 3831.4 -1.325057625 8191.6 -1.602993375 8135.1 -1.230505861

4-Jun-15 193996 0.52 34.26 3777.2 -1.414626507 8130.45 -0.746496411 8130.65 -0.054701233

5-Jun-15 253728 0.71 41.36 3772.05 -0.136344382 8092.3 -0.469223721 8114.7 -0.196171278

8-Jun-15 303682 0.6 37.54 3759.45 -0.334035869 8006.15 -1.064592267 8044.15 -0.869409836

9-Jun-15 209963 0.55 35.28 3723.5 -0.956256899 7953.65 -0.655745895 8022.4 -0.270382825

10-Jun-15 239272 0.51 33.89 3692.3 -0.837921311 8104.05 1.890955725 8124.45 1.272063223

11-Jun-15 226654 0.44 30.41 3742.55 1.360940335 7909 -2.406821281 7965.35 -1.958286407

12-Jun-15 173412 0.46 31.57 3701.4 -1.099517709 7905.25 -0.047414338 7982.9 0.220329301

15-Jun-15 175936 0.4 28.66 3736.8 0.956394878 7996.2 1.150501249 8013.9 0.388330055

16-Jun-15 228783 0.47 32.07 3767.4 0.818882466 8090.85 1.183687251 8047.3 0.416775852

17-Jun-15 291820 0.48 32.3 3789.6 0.589265807 8160.95 0.866410822 8091.55 0.549873871

18-Jun-15 232645 0.59 37.01 3808.75 0.505330378 8258.65 1.197164546 8174.6 1.026379371

19-Jun-15 309290 0.7 41.14 3861.1 1.374466689 8305.35 0.565467722 8224.95 0.615932278

22-Jun-15 230791 0.75 43 3937.35 1.974825827 8400.7 1.148055169 8353.1 1.558064183

23-Jun-15 330957 0.81 44.74 3980.65 1.099724434 8405.8 0.060709227 8381.55 0.340592116

24-Jun-15 306048 0.73 42.18 4017.15 0.916935676 8326.95 -0.93804278 8360.85 -0.246971026

25-Jun-15 240888 0.62 38.27 4009.3 -0.19541217 8395.95 0.828634734 8398 0.444332813

26-Jun-15 291925 0.63 38.77 4031.5 0.553712618 8447.2 0.610413354 8381.1 -0.20123839

29-Jun-15 344044 0.75 42.79 4069.95 0.953739303 8325.05 -1.446041292 8318.4 -0.748111823

30-Jun-15 340789 0.69 40.8 3993.3 -1.88331552 8383.25 0.6990949 8368.5 0.602279284



60

DATE VOLUME RS RSI

STOCK

PRICE

DAILY

RETURNS (%)

NIFTY AUTO

INDEX

DAILY

RETURNS (%) BETA

NIFTY

INDEX

DAILY

RETURNS (%) BETA

1-Apr-15 694487 0.92 47.98 3697.35 8710.75 -0.034 8586.25 -0.225

6-Apr-15 262771 0.81 44.6 3644.7 -1.42399286 8792 0.932755503 8659.9 0.857766778

7-Apr-15 306684 0.92 47.85 3628.95 -0.432134332 8794.5 0.028434941 8660.3 0.004618991

8-Apr-15 256031 0.84 45.65 3599.9 -0.800507034 8838.75 0.503155381 8714.4 0.624689676

9-Apr-15 238584 0.95 48.59 3628.7 0.800022223 8848.15 0.10634988 8778.3 0.733269072

10-Apr-15 201302 0.88 46.7 3659.2 0.840521399 8879 0.348660454 8780.35 0.023353041

13-Apr-15 218690 0.77 43.48 3666.6 0.202229996 8817.85 -0.688703683 8834 0.611023479

15-Apr-15 232802 0.95 48.71 3665.2 -0.038182512 8682 -1.540624982 8750.2 -0.948607652

16-Apr-15 206305 0.82 45.06 3680.25 0.410618793 8666.4 -0.179682101 8706.7 -0.497131494

17-Apr-15 99056 0.87 46.42 3677.9 -0.063854358 8558.2 -1.248499954 8606 -1.156580564

20-Apr-15 175033 0.84 45.67 3646.8 -0.845591234 8398.6 -1.864878129 8448.1 -1.834766442

21-Apr-15 482786 0.85 46.03 3608.05 -1.062575409 8284.9 -1.353797061 8377.75 -0.83273162

22-Apr-15 422446 0.79 44.01 3490.15 -3.267693075 8280.3 -0.055522698 8429.7 0.620094894

23-Apr-15 234616 1.28 56.18 3462.95 -0.779336132 8228.8 -0.621958142 8398.3 -0.372492497

24-Apr-15 332449 1.49 59.78 3494.45 0.909629073 8164.45 -0.782009528 8305.25 -1.107962326

27-Apr-15 1804129 1.55 60.8 3541.4 1.343559072 8118.65 -0.560968589 8213.8 -1.101110743

28-Apr-15 1129937 1.23 55.23 3648.4 3.021403965 8315.4 2.423432467 8285.6 0.874138645

29-Apr-15 703698 0.93 48.11 3822.6 4.774695757 8278.5 -0.443754961 8239.75 -0.553369702

30-Apr-15 592304 0.66 39.78 3766.2 -1.475435567 8188.2 -1.090777315 8181.5 -0.706938924

4-May-15 478823 0.67 40 3725.85 -1.071371674 8330.2 1.734202877 8331.95 1.838904846

5-May-15 458196 0.62 38.24 3757.75 0.856180469 8327.2 -0.036013541 8324.8 -0.085814245

6-May-15 430929 0.58 36.78 3793.05 0.939391923 8089.85 -2.850297819 8097 -2.736402076

7-May-15 469950 0.71 41.54 3634.55 -4.178695245 7986.25 -1.28061707 8057.3 -0.490305051

8-May-15 495595 0.83 45.36 3543.6 -2.502373059 8199.25 2.667084051 8191.5 1.665570352

11-May-15 288810 0.99 49.65 3610.55 1.889321594 8427.55 2.784401012 8325.25 1.632790087

12-May-15 332314 1.07 51.77 3651.7 1.139715556 8277.5 -1.780470006 8126.95 -2.381910453

13-May-15 337505 1.22 55.05 3577.45 -2.033299559 8413.4 1.64180006 8235.45 1.3350642

14-May-15 287801 1.12 52.74 3604.1 0.744944024 8485.5 0.856966268 8224.2 -0.136604557

15-May-15 208258 1.35 57.4 3646.5 1.176437946 8539.55 0.636968947 8262.35 0.463874906

18-May-15 183483 1.32 56.93 3671.2 0.677361854 8600.05 0.708468245 8373.65 1.34707438

19-May-15 175567 1.38 57.9 3697.6 0.719110917 8531.3 -0.799413957 8365.65 -0.095537788

20-May-15 218115 1.61 61.71 3706.75 0.24745781 8484.8 -0.545051751 8423.25 0.688529881

21-May-15 198709 2.48 71.3 3711.9 0.138935725 8549.6 0.76371865 8421 -0.02671178

22-May-15 135158 2.94 74.61 3698.1 -0.371777257 8581.65 0.374871339 8458.95 0.450659067

25-May-15 81113 2.72 73.15 3702.55 0.120332062 8565.1 -0.192853356 8370.25 -1.048593502

26-May-15 252919 2.99 74.93 3692.75 -0.264682449 8548.15 -0.197896113 8339.35 -0.369164601

27-May-15 283565 2.53 71.68 3726.45 0.912599012 8369.9 -2.085246515 8334.6 -0.056958876

28-May-15 317937 1.68 62.71 3721.9 -0.122100122 8379.3 0.112307196 8319 -0.18717155

29-May-15 432656 0.91 47.7 3708.9 -0.349283968 8536.75 1.879035242 8433.65 1.378170453

1-Jun-15 571376 0.97 49.28 3785.7 2.070694815 8509.35 -0.320965239 8433.4 -0.002964316

2-Jun-15 329350 0.83 45.44 3882.85 2.566236099 8325.05 -2.165852856 8236.45 -2.335357033

3-Jun-15 277700 0.3 22.89 3831.4 -1.325057625 8191.6 -1.602993375 8135.1 -1.230505861

4-Jun-15 193996 0.52 34.26 3777.2 -1.414626507 8130.45 -0.746496411 8130.65 -0.054701233

5-Jun-15 253728 0.71 41.36 3772.05 -0.136344382 8092.3 -0.469223721 8114.7 -0.196171278

8-Jun-15 303682 0.6 37.54 3759.45 -0.334035869 8006.15 -1.064592267 8044.15 -0.869409836

9-Jun-15 209963 0.55 35.28 3723.5 -0.956256899 7953.65 -0.655745895 8022.4 -0.270382825

10-Jun-15 239272 0.51 33.89 3692.3 -0.837921311 8104.05 1.890955725 8124.45 1.272063223

11-Jun-15 226654 0.44 30.41 3742.55 1.360940335 7909 -2.406821281 7965.35 -1.958286407

12-Jun-15 173412 0.46 31.57 3701.4 -1.099517709 7905.25 -0.047414338 7982.9 0.220329301

15-Jun-15 175936 0.4 28.66 3736.8 0.956394878 7996.2 1.150501249 8013.9 0.388330055

16-Jun-15 228783 0.47 32.07 3767.4 0.818882466 8090.85 1.183687251 8047.3 0.416775852

17-Jun-15 291820 0.48 32.3 3789.6 0.589265807 8160.95 0.866410822 8091.55 0.549873871

18-Jun-15 232645 0.59 37.01 3808.75 0.505330378 8258.65 1.197164546 8174.6 1.026379371

19-Jun-15 309290 0.7 41.14 3861.1 1.374466689 8305.35 0.565467722 8224.95 0.615932278

22-Jun-15 230791 0.75 43 3937.35 1.974825827 8400.7 1.148055169 8353.1 1.558064183

23-Jun-15 330957 0.81 44.74 3980.65 1.099724434 8405.8 0.060709227 8381.55 0.340592116

24-Jun-15 306048 0.73 42.18 4017.15 0.916935676 8326.95 -0.93804278 8360.85 -0.246971026

25-Jun-15 240888 0.62 38.27 4009.3 -0.19541217 8395.95 0.828634734 8398 0.444332813

26-Jun-15 291925 0.63 38.77 4031.5 0.553712618 8447.2 0.610413354 8381.1 -0.20123839

29-Jun-15 344044 0.75 42.79 4069.95 0.953739303 8325.05 -1.446041292 8318.4 -0.748111823

30-Jun-15 340789 0.69 40.8 3993.3 -1.88331552 8383.25 0.6990949 8368.5 0.602279284

Analysis of Maruti Suzuki India Ltd. for the period 1 April

2015 to 30 June 2015 (Table 10) showed following result:





the year and at 21-04-2015 ROC was --5.42%


MACD (12, 26, 9) was (85.18, 68.12, 26.65) (26-


MACD (12, 26, 9) was (-24.20, -6.93, -21.32) (24-




lowest the year.




Maruti Suzuki India ltd.’s beta equivalent to (-

0.034) which depicts that 1% Increase/ Decrease in

market return will lead to Decrease/ Increase in

stock return by (-0.034) and has negative











Table 11: Maruti Suzuki India Ltd. for the period 1 July 2015 to 30 September 2015

DATE VOLUME RS RSI

STOCK

PRICE

DAILY

RETURNS (%)

NIFTY AUTO

INDEX

DAILY

RETURNS (%) BETA

NIFTY

INDEX

DAILY

RETURNS (%) BETA

1-Jul-15 380963 1.08 51.92 4023.35 8482.45 0.094 8453.05 0.096

2-Jul-15 322025 1.13 53.13 4031.7 0.207538494 8528.6 0.54406451 8444.9 -0.096414903

3-Jul-15 279389 1.22 55 3993.4 -0.949971476 8493.5 -0.41155641 8484.9 0.473658658

6-Jul-15 332811 1.19 54.27 3998.9 0.13772725 8517.95 0.287867193 8522.15 0.439015192

7-Jul-15 287981 1.27 55.96 3987.95 -0.273825302 8488.9 -0.3410445 8510.8 -0.133182354

8-Jul-15 252360 1.01 50.17 3972.15 -0.396193533 8287.3 -2.374866001 8363.05 -1.736029515

9-Jul-15 128065 0.86 46.24 3949 -0.582807799 8248.55 -0.467582928 8328.55 -0.412528922

10-Jul-15 184572 0.88 46.91 3935.65 -0.338060268 8234.1 -0.175182305 8360.55 0.384220543

13-Jul-15 335198 1.01 50.23 3934.4 -0.031760954 8370.75 1.659562065 8459.65 1.185328716

14-Jul-15 251002 1 49.9 4035.25 2.563287922 8305.7 -0.777110773 8454.1 -0.065605551

15-Jul-15 551469 0.68 40.61 4050.65 0.381636825 8403.2 1.173892628 8523.8 0.824452041

16-Jul-15 321651 0.81 44.83 4152.15 2.505770679 8434.55 0.373072163 8608.05 0.988408926

17-Jul-15 241023 0.6 37.42 4178.15 0.626181617 8473.9 0.466533484 8609.85 0.020910659

20-Jul-15 207897 0.62 38.42 4193 0.355420461 8476.35 0.028912307 8603.45 -0.074333467

21-Jul-15 146004 0.45 31.18 4176.05 -0.404245171 8440.45 -0.423531355 8529.45 -0.860120068

22-Jul-15 305466 0.44 30.53 4152.85 -0.555548904 8538.8 1.165222233 8633.5 1.219891083

23-Jul-15 229845 0.41 28.87 4191.15 0.922258208 8581.35 0.49831358 8589.8 -0.506167835

24-Jul-15 226189 0.35 25.71 4234.05 1.023585412 8472.05 -1.273692368 8521.55 -0.794547021

27-Jul-15 220316 0.31 23.55 4234.2 0.003542707 8305.65 -1.9641055 8361 -1.884046916

28-Jul-15 940179 0.37 26.87 4178.1 -1.324925606 8259.5 -0.555645856 8337 -0.287047004

29-Jul-15 819323 0.53 34.45 4196.95 0.451162011 8368.9 1.324535383 8375.05 0.456399184

30-Jul-15 294361 0.56 35.74 4273.7 1.828708943 8387.5 0.222251431 8421.8 0.558205623

31-Jul-15 297226 0.56 35.88 4296.45 0.532325619 8544.85 1.876005961 8532.85 1.318601724

3-Aug-15 341893 0.77 43.5 4331.45 0.814626028 8609.65 0.758351522 8543.05 0.119538021

4-Aug-15 313075 0.9 47.35 4427.05 2.207113091 8703.6 1.091217413 8516.9 -0.306096769

5-Aug-15 198485 0.75 42.75 4438.8 0.265413763 8795.45 1.055310446 8567.95 0.599396494

6-Aug-15 184121 0.92 47.96 4471.65 0.740064882 8796.95 0.017054272 8588.65 0.241598049

7-Aug-15 144268 0.91 47.52 4452.1 -0.437198797 8803 0.068773836 8564.6 -0.280020725

10-Aug-15 241899 0.77 43.57 4452.95 0.019092114 8745.6 -0.652050437 8525.6 -0.455362772

11-Aug-15 216773 0.96 49.1 4497.15 0.992600411 8619.25 -1.444726491 8462.35 -0.741883269

12-Aug-15 221776 1.08 51.94 4504.3 0.158989582 8407.15 -2.460770949 8349.45 -1.334144771

13-Aug-15 261773 1.17 53.86 4447.4 -1.263237351 8441.55 0.409175523 8355.85 0.076651756

14-Aug-15 181419 1.41 58.42 4492.85 1.021945406 8642.1 2.37574853 8518.55 1.947138831

17-Aug-15 157066 1.24 55.4 4572.5 1.772816809 8615.45 -0.308374122 8477.3 -0.484237341

18-Aug-15 172443 0.97 49.35 4549.8 -0.496446145 8662.55 0.54669228 8466.55 -0.126809244

19-Aug-15 255128 0.8 44.58 4634 1.850630797 8703.3 0.470415755 8495.15 0.33779993

20-Aug-15 279387 0.79 44.17 4671.85 0.816788951 8553.55 -1.720611722 8372.75 -1.440822116

21-Aug-15 310480 0.77 43.38 4634.15 -0.80696084 8381.7 -2.00910733 8299.95 -0.869487325

24-Aug-15 930804 0.78 43.77 4567.35 -1.441472546 7773.45 -7.256881062 7809 -5.915095874

25-Aug-15 915511 1.07 51.59 4241.8 -7.127765553 7920.35 1.889765805 7880.7 0.918171341

26-Aug-15 612412 2.12 67.99 4199 -1.009005611 7882.1 -0.482933204 7791.85 -1.127437918

27-Aug-15 795947 1.91 65.65 4207.05 0.191712312 7952.35 0.891259943 7948.95 2.016209244

28-Aug-15 372560 2.4 70.56 4203.75 -0.078439762 8023.3 0.892189101 8001.95 0.666754729

31-Aug-15 298281 1.81 64.45 4205.85 0.049955397 7948.55 -0.931661536 7971.3 -0.383031636

1-Sep-15 605386 2.1 67.76 4167.2 -0.918958118 7745.4 -2.555812066 7785.85 -2.326471215

2-Sep-15 392078 1.73 63.4 4061.45 -2.537675178 7638.7 -1.377591861 7717 -0.884296512

3-Sep-15 514445 1.88 65.22 4030 -0.774353987 7738.6 1.307814157 7823 1.373590774

4-Sep-15 316141 1.77 63.89 4143.25 2.810173697 7559.45 -2.31501822 7655.05 -2.146874601

7-Sep-15 300049 1.53 60.43 4063.3 -1.929644603 7464.3 -1.258689455 7558.8 -1.257339926

8-Sep-15 292997 1.66 62.36 4069.6 0.155046391 7589 1.670618812 7688.25 1.712573424

9-Sep-15 589734 2.43 70.82 4139.3 1.712699037 7814.85 2.976017921 7818.6 1.695444347

10-Sep-15 321362 2.04 67.1 4305.15 4.006716111 7875.85 0.780565206 7788.1 -0.390095414

11-Sep-15 281728 1.43 58.77 4301.45 -0.085943579 7857.45 -0.233625577 7789.3 0.015408123

14-Sep-15 207396 1.3 56.45 4317.75 0.378941985 7890.75 0.423801615 7872.25 1.064922394

15-Sep-15 734807 0.8 44.47 4319.5 0.040530369 7766.2 -1.578430441 7829.1 -0.548127918

16-Sep-15 418079 0.91 47.76 4337.2 0.409769649 7799.1 0.423630604 7899.15 0.894738859

18-Sep-15 621252 0.89 47.14 4355.6 0.424236835 7842.55 0.557115565 7981.9 1.047581069

21-Sep-15 642858 1.14 53.17 4400.85 1.03889246 7848.75 0.079055919 7977.1 -0.060136058

22-Sep-15 924289 1.03 50.68 4490.25 2.031425747 7709.85 -1.769708552 7812 -2.069674443

23-Sep-15 880695 1.02 50.38 4473.05 -0.383052169 7705.55 -0.05577281 7845.95 0.434587814

24-Sep-15 1098076 0.61 37.82 4497.65 0.549960318 7721.25 0.203749246 7868.5 0.287409428

28-Sep-15 684352 0.65 39.41 4566.65 1.534134492 7584.25 -1.774324106 7795.7 -0.925208108

29-Sep-15 1222175 0.71 41.36 4536.25 -0.66569586 7648.2 0.843194779 7843.3 0.610593019

30-Sep-15 835777 0.36 26.41 4682.3 3.21961973 7759.6 1.456551868 7948.9 1.346372063



61

DATE VOLUME RS RSI

STOCK

PRICE

DAILY

RETURNS (%)

NIFTY AUTO

INDEX

DAILY

RETURNS (%) BETA

NIFTY

INDEX

DAILY

RETURNS (%) BETA

1-Jul-15 380963 1.08 51.92 4023.35 8482.45 0.094 8453.05 0.096

2-Jul-15 322025 1.13 53.13 4031.7 0.207538494 8528.6 0.54406451 8444.9 -0.096414903

3-Jul-15 279389 1.22 55 3993.4 -0.949971476 8493.5 -0.41155641 8484.9 0.473658658

6-Jul-15 332811 1.19 54.27 3998.9 0.13772725 8517.95 0.287867193 8522.15 0.439015192

7-Jul-15 287981 1.27 55.96 3987.95 -0.273825302 8488.9 -0.3410445 8510.8 -0.133182354

8-Jul-15 252360 1.01 50.17 3972.15 -0.396193533 8287.3 -2.374866001 8363.05 -1.736029515

9-Jul-15 128065 0.86 46.24 3949 -0.582807799 8248.55 -0.467582928 8328.55 -0.412528922

10-Jul-15 184572 0.88 46.91 3935.65 -0.338060268 8234.1 -0.175182305 8360.55 0.384220543

13-Jul-15 335198 1.01 50.23 3934.4 -0.031760954 8370.75 1.659562065 8459.65 1.185328716

14-Jul-15 251002 1 49.9 4035.25 2.563287922 8305.7 -0.777110773 8454.1 -0.065605551

15-Jul-15 551469 0.68 40.61 4050.65 0.381636825 8403.2 1.173892628 8523.8 0.824452041

16-Jul-15 321651 0.81 44.83 4152.15 2.505770679 8434.55 0.373072163 8608.05 0.988408926

17-Jul-15 241023 0.6 37.42 4178.15 0.626181617 8473.9 0.466533484 8609.85 0.020910659

20-Jul-15 207897 0.62 38.42 4193 0.355420461 8476.35 0.028912307 8603.45 -0.074333467

21-Jul-15 146004 0.45 31.18 4176.05 -0.404245171 8440.45 -0.423531355 8529.45 -0.860120068

22-Jul-15 305466 0.44 30.53 4152.85 -0.555548904 8538.8 1.165222233 8633.5 1.219891083

23-Jul-15 229845 0.41 28.87 4191.15 0.922258208 8581.35 0.49831358 8589.8 -0.506167835

24-Jul-15 226189 0.35 25.71 4234.05 1.023585412 8472.05 -1.273692368 8521.55 -0.794547021

27-Jul-15 220316 0.31 23.55 4234.2 0.003542707 8305.65 -1.9641055 8361 -1.884046916

28-Jul-15 940179 0.37 26.87 4178.1 -1.324925606 8259.5 -0.555645856 8337 -0.287047004

29-Jul-15 819323 0.53 34.45 4196.95 0.451162011 8368.9 1.324535383 8375.05 0.456399184

30-Jul-15 294361 0.56 35.74 4273.7 1.828708943 8387.5 0.222251431 8421.8 0.558205623

31-Jul-15 297226 0.56 35.88 4296.45 0.532325619 8544.85 1.876005961 8532.85 1.318601724

3-Aug-15 341893 0.77 43.5 4331.45 0.814626028 8609.65 0.758351522 8543.05 0.119538021

4-Aug-15 313075 0.9 47.35 4427.05 2.207113091 8703.6 1.091217413 8516.9 -0.306096769

5-Aug-15 198485 0.75 42.75 4438.8 0.265413763 8795.45 1.055310446 8567.95 0.599396494

6-Aug-15 184121 0.92 47.96 4471.65 0.740064882 8796.95 0.017054272 8588.65 0.241598049

7-Aug-15 144268 0.91 47.52 4452.1 -0.437198797 8803 0.068773836 8564.6 -0.280020725

10-Aug-15 241899 0.77 43.57 4452.95 0.019092114 8745.6 -0.652050437 8525.6 -0.455362772

11-Aug-15 216773 0.96 49.1 4497.15 0.992600411 8619.25 -1.444726491 8462.35 -0.741883269

12-Aug-15 221776 1.08 51.94 4504.3 0.158989582 8407.15 -2.460770949 8349.45 -1.334144771

13-Aug-15 261773 1.17 53.86 4447.4 -1.263237351 8441.55 0.409175523 8355.85 0.076651756

14-Aug-15 181419 1.41 58.42 4492.85 1.021945406 8642.1 2.37574853 8518.55 1.947138831

17-Aug-15 157066 1.24 55.4 4572.5 1.772816809 8615.45 -0.308374122 8477.3 -0.484237341

18-Aug-15 172443 0.97 49.35 4549.8 -0.496446145 8662.55 0.54669228 8466.55 -0.126809244

19-Aug-15 255128 0.8 44.58 4634 1.850630797 8703.3 0.470415755 8495.15 0.33779993

20-Aug-15 279387 0.79 44.17 4671.85 0.816788951 8553.55 -1.720611722 8372.75 -1.440822116

21-Aug-15 310480 0.77 43.38 4634.15 -0.80696084 8381.7 -2.00910733 8299.95 -0.869487325

24-Aug-15 930804 0.78 43.77 4567.35 -1.441472546 7773.45 -7.256881062 7809 -5.915095874

25-Aug-15 915511 1.07 51.59 4241.8 -7.127765553 7920.35 1.889765805 7880.7 0.918171341

26-Aug-15 612412 2.12 67.99 4199 -1.009005611 7882.1 -0.482933204 7791.85 -1.127437918

27-Aug-15 795947 1.91 65.65 4207.05 0.191712312 7952.35 0.891259943 7948.95 2.016209244

28-Aug-15 372560 2.4 70.56 4203.75 -0.078439762 8023.3 0.892189101 8001.95 0.666754729

31-Aug-15 298281 1.81 64.45 4205.85 0.049955397 7948.55 -0.931661536 7971.3 -0.383031636

1-Sep-15 605386 2.1 67.76 4167.2 -0.918958118 7745.4 -2.555812066 7785.85 -2.326471215

2-Sep-15 392078 1.73 63.4 4061.45 -2.537675178 7638.7 -1.377591861 7717 -0.884296512

3-Sep-15 514445 1.88 65.22 4030 -0.774353987 7738.6 1.307814157 7823 1.373590774

4-Sep-15 316141 1.77 63.89 4143.25 2.810173697 7559.45 -2.31501822 7655.05 -2.146874601

7-Sep-15 300049 1.53 60.43 4063.3 -1.929644603 7464.3 -1.258689455 7558.8 -1.257339926

8-Sep-15 292997 1.66 62.36 4069.6 0.155046391 7589 1.670618812 7688.25 1.712573424

9-Sep-15 589734 2.43 70.82 4139.3 1.712699037 7814.85 2.976017921 7818.6 1.695444347

10-Sep-15 321362 2.04 67.1 4305.15 4.006716111 7875.85 0.780565206 7788.1 -0.390095414

11-Sep-15 281728 1.43 58.77 4301.45 -0.085943579 7857.45 -0.233625577 7789.3 0.015408123

14-Sep-15 207396 1.3 56.45 4317.75 0.378941985 7890.75 0.423801615 7872.25 1.064922394

15-Sep-15 734807 0.8 44.47 4319.5 0.040530369 7766.2 -1.578430441 7829.1 -0.548127918

16-Sep-15 418079 0.91 47.76 4337.2 0.409769649 7799.1 0.423630604 7899.15 0.894738859

18-Sep-15 621252 0.89 47.14 4355.6 0.424236835 7842.55 0.557115565 7981.9 1.047581069

21-Sep-15 642858 1.14 53.17 4400.85 1.03889246 7848.75 0.079055919 7977.1 -0.060136058

22-Sep-15 924289 1.03 50.68 4490.25 2.031425747 7709.85 -1.769708552 7812 -2.069674443

23-Sep-15 880695 1.02 50.38 4473.05 -0.383052169 7705.55 -0.05577281 7845.95 0.434587814

24-Sep-15 1098076 0.61 37.82 4497.65 0.549960318 7721.25 0.203749246 7868.5 0.287409428

28-Sep-15 684352 0.65 39.41 4566.65 1.534134492 7584.25 -1.774324106 7795.7 -0.925208108

29-Sep-15 1222175 0.71 41.36 4536.25 -0.66569586 7648.2 0.843194779 7843.3 0.610593019

30-Sep-15 835777 0.36 26.41 4682.3 3.21961973 7759.6 1.456551868 7948.9 1.346372063

Analysis of Maruti Suzuki India Ltd. for the period 1 July

2015 to 30 September 2015 (Table 11) showed following

results:







MACD (12, 26, 9) was (135.01, 127.87, 42.20) (19-


MACD (12, 26, 9) was (-66.88, -36.34, -66.88) (07-




lowest the year.














62

Table 12: Maruti Suzuki India Ltd. for the period 1 October 2015 to 31 December 2015

DATE VOLUME RS RSI

STOCK

PRICE

DAILY

RETURNS (%)

NIFTY AUTO

INDEX

DAILY

RETURNS (%) BETA

NIFTY

INDEX

DAILY

RETURNS (%) BETA

1-Oct-15 1087189 0.28 22.07 4685.6 7731.55 -0.313 7950.9 -0.534

5-Oct-15 1949365 0.31 23.94 4580.35 -2.246243811 7890.45 2.055215319 8119.3 2.11799922

6-Oct-15 1159174 0.91 47.55 4414.05 -3.63072691 7947.65 0.724926969 8152.9 0.413828778

7-Oct-15 801302 1.85 64.89 4354 -1.360428631 8064.05 1.464583871 8177.4 0.300506568

8-Oct-15 726218 1.64 62.16 4364.5 0.241157556 8021.75 -0.524550319 8129.4 -0.587595079

9-Oct-15 816648 1.61 61.67 4353.75 -0.246305419 8051.2 0.367126874 8189.7 0.742371776

12-Oct-15 837794 1.28 56.12 4276.35 -1.777777778 8062.6 0.1415938 8143.6 -0.562902182

13-Oct-15 605082 1.2 54.63 4231.85 -1.04060706 8078.2 0.193485972 8131.7 -0.14612702

14-Oct-15 656029 1.12 52.82 4273.85 0.992473741 8010.55 -0.837439033 8107.9 -0.292681727

15-Oct-15 982419 1.3 56.51 4249.75 -0.563894381 8193.4 2.282614802 8179.5 0.883089333

16-Oct-15 929525 1.32 56.84 4377.4 3.0037061 8266.65 0.894012254 8238.2 0.717036494

19-Oct-15 594941 0.98 49.4 4450.25 1.664229908 8245.55 -0.25524245 8275.1 0.447916098

20-Oct-15 675597 0.97 49.16 4458.95 0.195494635 8265.4 0.240735912 8261.7 -0.161932556

21-Oct-15 316565 1.19 54.3 4508.75 1.116854865 8285.15 0.238947903 8251.7 -0.12043599

23-Oct-15 621558 1.55 60.8 4474.7 -0.755198226 8228.3 -0.68616742 8295.5 0.530193778

26-Oct-15 535165 1.26 55.71 4380.9 -2.096229915 8232.25 0.048005056 8260.6 -0.420712559

27-Oct-15 1290318 1.23 55.16 4385.15 0.097012029 8272.35 0.487108628 8232.9 -0.334723475

28-Oct-15 989227 1.09 52.19 4497 2.550653911 8206.15 -0.800256275 8171.2 -0.749432156

29-Oct-15 907407 0.89 47.02 4495.2 -0.040026684 8195.9 -0.12490632 8111.8 -0.727555316

30-Oct-15 738321 0.69 40.71 4439.55 -1.237987186 8091.95 -1.268317085 8065.8 -0.566462231

2-Nov-15 603730 0.79 44.27 4449 0.212859411 8097.1 0.063643498 8050.8 -0.185970394

3-Nov-15 320901 0.79 44.25 4495.75 1.050797932 8102.9 0.071630584 8060.7 0.122969146

4-Nov-15 660804 0.8 44.33 4482.55 -0.293610632 8235.75 1.639536462 8040.2 -0.254320344

5-Nov-15 406256 0.69 40.76 4520.55 0.84773176 8194.15 -0.505114895 7955.5 -1.054078257

6-Nov-15 361975 0.76 43.23 4526.6 0.133833273 8144.45 -0.606530269 7954.3 -0.014455499

9-Nov-15 729714 1.03 50.68 4522.8 -0.083948217 8246.2 1.24931702 7915.2 -0.491558025

10-Nov-15 909977 0.98 49.53 4628.2 2.330414787 8257.7 0.139458175 7783.4 -1.665782292

11-Nov-15 86592 0.73 42.06 4712.7 1.825763796 8303.95 0.560083316 7825 0.535116627

13-Nov-15 983107 0.66 39.9 4746.75 0.722515755 8178.3 -1.513135315 7762.3 -0.801916933

16-Nov-15 644299 0.69 40.75 4619.8 -2.674461474 8190.35 0.147341134 7806.6 0.571354955

17-Nov-15 638262 0.82 45.16 4646.9 0.586605481 8252.1 0.753936034 7837.6 0.396459406

18-Nov-15 725994 0.78 43.91 4632.25 -0.315263939 8181 -0.861598866 7731.8 -1.349273689

19-Nov-15 1030684 0.82 45.06 4533.25 -2.13719035 8295.05 1.394083853 7842.8 1.434982798

20-Nov-15 917455 1.19 54.32 4650.35 2.583135719 8339.4 0.534656211 7856.6 0.175958688

23-Nov-15 1034126 0.99 49.75 4737.9 1.882653994 8395.35 0.670911576 7849.3 -0.092916102

24-Nov-15 1287988 0.85 45.9 4736.25 -0.034825556 8332.9 -0.743864163 7831.6 -0.224862248

26-Nov-15 1436728 0.69 40.89 4639.9 -2.034309844 8444.6 1.340469704 7883.8 0.666530466

27-Nov-15 1231876 0.91 47.74 4606.55 -0.718765491 8443.65 -0.011249793 7942.7 0.747101651

30-Nov-15 10567769 0.81 44.87 4580.05 -0.575267825 8481.85 0.452410983 7935.3 -0.09379682

1-Dec-15 1506622 0.66 39.83 4606.9 0.586238142 8419 -0.740994005 7954.9 0.247629249

2-Dec-15 1123497 0.83 45.23 4556.2 -1.100523128 8416.4 -0.030882528 7931.4 -0.296043948

3-Dec-15 567288 0.89 47.18 4618.8 1.373951978 8334.65 -0.971317903 7864.2 -0.847270641

4-Dec-15 581041 0.95 48.67 4627.05 0.178617823 8240.7 -1.127221899 7781.9 -1.045885442

7-Dec-15 493623 1.02 50.56 4600.35 -0.577041528 8221.5 -0.232989916 7765.4 -0.212030481

8-Dec-15 577670 0.79 44.27 4564.2 -0.785809775 8210.35 -0.135620021 7701.7 -0.820305458

9-Dec-15 607147 0.71 41.44 4542.55 -0.474343806 8067.9 -1.735005207 7612.5 -1.158185855

10-Dec-15 506406 0.72 41.87 4479.1 -1.39679255 8085 0.211951065 7683.3 0.930049261

11-Dec-15 532721 0.66 39.58 4498.1 0.42419236 7943.25 -1.753246753 7610.5 -0.948160296

14-Dec-15 484617 0.97 49.23 4480.75 -0.385718414 7964.05 0.261857552 7650.1 0.520337168

15-Dec-15 581111 1.28 56.17 4576.8 2.14361435 8082.35 1.485425129 7700.9 0.664701538

16-Dec-15 357572 0.97 49.29 4620 0.943890928 8035.6 -0.57842088 7750.9 0.64927476

17-Dec-15 443534 0.81 44.7 4619.4 -0.012987013 8149 1.411220071 7844.4 1.205666439

18-Dec-15 682206 0.71 41.6 4666.75 1.025024895 8079.2 -0.856546816 7762 -1.050437576

21-Dec-15 274072 0.71 41.66 4620.45 -0.992125141 8154.9 0.936973958 7834.5 0.934043636

22-Dec-15 207127 0.71 41.63 4639.1 0.403640338 8099.65 -0.677506775 7786.1 -0.617146066

23-Dec-15 227939 0.72 41.83 4617.2 -0.472074325 8111 0.140129512 7866 1.025545523

24-Dec-15 162732 0.76 43.03 4634.95 0.384432123 8136.6 0.315620762 7861.1 -0.062293811

28-Dec-15 272134 0.73 42.05 4598.4 -0.788573771 8228.4 1.128235381 7925.2 0.815412699

29-Dec-15 253128 0.76 43.05 4640 0.904662491 8268.8 0.490982451 7929 0.047948619

30-Dec-15 265170 0.73 42.29 4636.9 -0.066810345 8240.2 -0.345878483 7896.3 -0.412412741

31-Dec-15 422019 0.67 40.02 4587.2 -1.071836788 8254.75 0.176573384 7946.4 0.634478392

Analysis of Maruti Suzuki India Ltd. for the period 1

October 2015 to 31 December 2015 (Table 12) showed

following results:






lowest the year.

MACD (12, 26, 9) was (92.17, 63.25, 35.45) (01-


MACD (12, 26, 9) was (-14.59, 9.88, -35.72) (14-




lowest the year.






63















TATA MOTORS LIMITED

Analysis of Tata Motors Ltd. for the period 1 January 2015 to 31 December 2015.

Graph 4: Tata Motors Ltd. for the period 1 January 2015 to 31 December 2015

Table 13: Tata Motors Ltd. for the period 1 January 2015 to 31 March 2015

DATE VOLUME RS RSI

STOCK

PRICE

DAILY

RETURNS (%)

NIFTY AUTO

INDEX

DAILY

RETURNS (%) BETA

NIFTY

INDEX

DAILY

RETURNS (%) BETA

1-Jan-15 934528 0.98 49.61 495.55 8318.8 0.037 8284 0.207

2-Jan-15 4148596 1.11 52.7 498.45 0.585208354 8365.4 0.560176949 8395.45 1.345364558

5-Jan-15 6686952 1.16 53.64 511.8 2.678302738 8467.95 1.225882803 8378.4 -0.203086195

6-Jan-15 7894918 1 50.11 523.8 2.344665885 8248.2 -2.595079092 8127.35 -2.996395493

7-Jan-15 9134678 0.91 47.51 501.4 -4.27644139 8254.7 0.078805073 8102.1 -0.310679373

8-Jan-15 5476843 1.21 54.71 493.85 -1.505783805 8397.3 1.727500697 8234.6 1.635378482

9-Jan-15 4010545 1.26 55.73 512 3.675205022 8397 -0.003572577 8284.5 0.605979647

12-Jan-15 2533395 1.09 52.25 522.3 2.01171875 8409.55 0.14945814 8323 0.464723278

13-Jan-15 4282874 0.96 49.09 522.3 0 8398.8 -0.127830859 8299.4 -0.283551604

14-Jan-15 6006186 0.97 49.12 519.45 -0.545663412 8427.7 0.344096776 8277.55 -0.263272044

15-Jan-15 6829305 0.88 46.82 520.35 0.173260179 8614.7 2.218873477 8494.15 2.616716299

16-Jan-15 4205034 1.09 52.11 532.95 2.421447103 8623.6 0.103311781 8513.8 0.231335684

19-Jan-15 4568341 0.94 48.37 525.75 -1.35097101 8694.9 0.826800872 8550.7 0.433413987

20-Jan-15 6075180 0.92 47.86 538.5 2.42510699 8760.9 0.759065659 8695.6 1.694598103

21-Jan-15 6452158 1.06 51.5 559.2 3.844011142 8779.95 0.217443413 8729.5 0.389852339

22-Jan-15 5946787 0.87 46.48 551.5 -1.376967096 8842 0.706723842 8761.4 0.365427573

23-Jan-15 7682336 0.76 43.1 566.5 2.719854941 8983.1 1.595792807 8835.6 0.846896615

27-Jan-15 7136967 0.75 42.7 588.45 3.87466902 9099.6 1.296879696 8910.5 0.847707003

28-Jan-15 8209728 0.68 40.45 604.55 2.73600136 9043.15 -0.620356939 8914.3 0.042646316

29-Jan-15 5812166 0.44 30.71 589.2 -2.539078654 9049.7 0.072430514 8952.35 0.426842265

30-Jan-15 4136616 0.58 36.7 598.6 1.595383571 8930.85 -1.313303203 8808.9 -1.602372561

2-Feb-15 4316925 0.62 38.35 585.15 -2.246909455 8976.1 0.506670698 8797.4 -0.130549785

3-Feb-15 6035606 0.68 40.5 592.5 1.256088183 8919.7 -0.628335246 8756.55 -0.464341737

4-Feb-15 3362648 0.72 41.78 603.3 1.82278481 8812.5 -1.201834142 8723.7 -0.375147747

5-Feb-15 6774777 0.86 46.14 591.4 -1.972484668 8749.65 -0.713191489 8711.7 -0.137556312

6-Feb-15 12091509 0.79 44.14 589.2 -0.371998647 8496.3 -2.895544393 8661.05 -0.581402023

9-Feb-15 4579430 0.68 40.32 559.6 -5.023761032 8294.45 -2.375740028 8526.35 -1.555238684

10-Feb-15 5557625 0.94 48.39 542.65 -3.028949249 8436.05 1.707165635 8565.55 0.459751242

11-Feb-15 4588336 0.96 48.95 564.1 3.952824104 8514.15 0.925788728 8627.4 0.722078559

12-Feb-15 5430678 0.95 48.77 558.9 -0.921822372 8654.3 1.646083285 8711.55 0.975380764

13-Feb-15 3469320 0.93 48.12 561.8 0.518876364 8759 1.209803219 8805.5 1.078453318

16-Feb-15 5732125 1.05 51.27 565.55 0.66749733 8792.55 0.383034593 8809.35 0.043722673

18-Feb-15 5784461 1.32 56.88 574.15 1.520643621 8884.85 1.049752347 8869.1 0.678256625

19-Feb-15 4271131 1.47 59.57 584.3 1.767830706 8871.65 -0.148567505 8895.3 0.295407651

20-Feb-15 3865784 1.42 58.7 576.55 -1.326373438 8874.65 0.033815581 8833.6 -0.693624723

23-Feb-15 3008142 1.34 57.25 579.9 0.581042407 8804.15 -0.794397526 8754.95 -0.89035048

24-Feb-15 4304190 1.44 58.94 574.2 -0.982928091 8777.7 -0.300426503 8762.1 0.081668085

25-Feb-15 3050026 1.3 56.52 564.4 -1.706722396 8781.3 0.041013022 8767.25 0.058775864

26-Feb-15 3533029 1.33 57.1 568.2 0.673281361 8640.7 -1.601129673 8683.85 -0.951267501

27-Feb-15 4310800 1.43 58.84 560.65 -1.32875748 8841.8 2.327357737 8844.6 1.851137456

28-Feb-15 4108469 1.53 60.45 575.15 2.586283778 8935.35 1.05804248 8901.85 0.647287611

2-Mar-15 4899347 1.03 50.75 593.35 3.164391898 8919.55 -0.176825754 8956.75 0.616725737

3-Mar-15 3555077 0.75 42.77 585 -1.407263841 8838.8 -0.90531473 8996.25 0.441008178

4-Mar-15 6176534 0.91 47.54 574.1 -1.863247863 8777.85 -0.689573245 8922.65 -0.818118661

5-Mar-15 3318912 1.02 50.56 574.1 0 8825.65 0.544552482 8937.75 0.169232235

9-Mar-15 3528212 0.94 48.36 570.7 -0.592231319 8727.05 -1.117198167 8756.75 -2.025118179

10-Mar-15 3875591 0.78 43.88 565.1 -0.981251095 8756.4 0.336310666 8712.05 -0.510463357

11-Mar-15 3151043 0.74 42.47 560.2 -0.867103168 8761.5 0.058243114 8699.95 -0.138888092

12-Mar-15 3394342 0.71 41.63 550.9 -1.660121385 8851.65 1.028933402 8776 0.874142955

13-Mar-15 5325356 0.73 42.21 563.9 2.359774914 8721.75 -1.467523004 8647.75 -1.461371923

16-Mar-15 2757396 0.59 37.03 558.35 -0.98421706 8697.85 -0.274027575 8633.15 -0.168830042

17-Mar-15 5338621 0.59 36.98 556.9 -0.25969374 8807.4 1.25950666 8723.3 1.044230669

18-Mar-15 4521120 0.51 33.85 571.55 2.630633866 8748.75 -0.665917297 8685.9 -0.428736831

19-Mar-15 3260146 0.42 29.57 560.2 -1.985828012 8719.55 -0.333761966 8634.65 -0.590036726

20-Mar-15 5065418 0.45 30.93 553.8 -1.142449125 8585.95 -1.532189161 8570.9 -0.73830439

23-Mar-15 3120391 0.44 30.54 547.6 -1.119537739 8597.8 0.138016178 8550.9 -0.233347723

24-Mar-15 4471090 0.48 32.55 551.45 0.703067933 8480.8 -1.360813231 8542.95 -0.09297267

25-Mar-15 8533721 0.62 38.25 532.25 -3.481729985 8515.65 0.410928214 8530.8 -0.142222534

26-Mar-15 6475129 0.7 41.13 541.85 1.803663692 8385.35 -1.530123948 8342.15 -2.211398696

27-Mar-15 4671141 0.71 41.65 524.25 -3.248131402 8435 0.592104086 8341.4 -0.008990488

30-Mar-15 3969941 0.85 46.01 535.35 2.117310443 8574.45 1.653230587 8492.3 1.809048841

31-Mar-15 5352135 0.87 46.59 540 0.868590642 8621.75 0.551638881 8491 -0.015307985



64

DATE VOLUME RS RSI

STOCK

PRICE

DAILY

RETURNS (%)

NIFTY AUTO

INDEX

DAILY

RETURNS (%) BETA

NIFTY

INDEX

DAILY

RETURNS (%) BETA

1-Jan-15 934528 0.98 49.61 495.55 8318.8 0.037 8284 0.207

2-Jan-15 4148596 1.11 52.7 498.45 0.585208354 8365.4 0.560176949 8395.45 1.345364558

5-Jan-15 6686952 1.16 53.64 511.8 2.678302738 8467.95 1.225882803 8378.4 -0.203086195

6-Jan-15 7894918 1 50.11 523.8 2.344665885 8248.2 -2.595079092 8127.35 -2.996395493

7-Jan-15 9134678 0.91 47.51 501.4 -4.27644139 8254.7 0.078805073 8102.1 -0.310679373

8-Jan-15 5476843 1.21 54.71 493.85 -1.505783805 8397.3 1.727500697 8234.6 1.635378482

9-Jan-15 4010545 1.26 55.73 512 3.675205022 8397 -0.003572577 8284.5 0.605979647

12-Jan-15 2533395 1.09 52.25 522.3 2.01171875 8409.55 0.14945814 8323 0.464723278

13-Jan-15 4282874 0.96 49.09 522.3 0 8398.8 -0.127830859 8299.4 -0.283551604

14-Jan-15 6006186 0.97 49.12 519.45 -0.545663412 8427.7 0.344096776 8277.55 -0.263272044

15-Jan-15 6829305 0.88 46.82 520.35 0.173260179 8614.7 2.218873477 8494.15 2.616716299

16-Jan-15 4205034 1.09 52.11 532.95 2.421447103 8623.6 0.103311781 8513.8 0.231335684

19-Jan-15 4568341 0.94 48.37 525.75 -1.35097101 8694.9 0.826800872 8550.7 0.433413987

20-Jan-15 6075180 0.92 47.86 538.5 2.42510699 8760.9 0.759065659 8695.6 1.694598103

21-Jan-15 6452158 1.06 51.5 559.2 3.844011142 8779.95 0.217443413 8729.5 0.389852339

22-Jan-15 5946787 0.87 46.48 551.5 -1.376967096 8842 0.706723842 8761.4 0.365427573

23-Jan-15 7682336 0.76 43.1 566.5 2.719854941 8983.1 1.595792807 8835.6 0.846896615

27-Jan-15 7136967 0.75 42.7 588.45 3.87466902 9099.6 1.296879696 8910.5 0.847707003

28-Jan-15 8209728 0.68 40.45 604.55 2.73600136 9043.15 -0.620356939 8914.3 0.042646316

29-Jan-15 5812166 0.44 30.71 589.2 -2.539078654 9049.7 0.072430514 8952.35 0.426842265

30-Jan-15 4136616 0.58 36.7 598.6 1.595383571 8930.85 -1.313303203 8808.9 -1.602372561

2-Feb-15 4316925 0.62 38.35 585.15 -2.246909455 8976.1 0.506670698 8797.4 -0.130549785

3-Feb-15 6035606 0.68 40.5 592.5 1.256088183 8919.7 -0.628335246 8756.55 -0.464341737

4-Feb-15 3362648 0.72 41.78 603.3 1.82278481 8812.5 -1.201834142 8723.7 -0.375147747

5-Feb-15 6774777 0.86 46.14 591.4 -1.972484668 8749.65 -0.713191489 8711.7 -0.137556312

6-Feb-15 12091509 0.79 44.14 589.2 -0.371998647 8496.3 -2.895544393 8661.05 -0.581402023

9-Feb-15 4579430 0.68 40.32 559.6 -5.023761032 8294.45 -2.375740028 8526.35 -1.555238684

10-Feb-15 5557625 0.94 48.39 542.65 -3.028949249 8436.05 1.707165635 8565.55 0.459751242

11-Feb-15 4588336 0.96 48.95 564.1 3.952824104 8514.15 0.925788728 8627.4 0.722078559

12-Feb-15 5430678 0.95 48.77 558.9 -0.921822372 8654.3 1.646083285 8711.55 0.975380764

13-Feb-15 3469320 0.93 48.12 561.8 0.518876364 8759 1.209803219 8805.5 1.078453318

16-Feb-15 5732125 1.05 51.27 565.55 0.66749733 8792.55 0.383034593 8809.35 0.043722673

18-Feb-15 5784461 1.32 56.88 574.15 1.520643621 8884.85 1.049752347 8869.1 0.678256625

19-Feb-15 4271131 1.47 59.57 584.3 1.767830706 8871.65 -0.148567505 8895.3 0.295407651

20-Feb-15 3865784 1.42 58.7 576.55 -1.326373438 8874.65 0.033815581 8833.6 -0.693624723

23-Feb-15 3008142 1.34 57.25 579.9 0.581042407 8804.15 -0.794397526 8754.95 -0.89035048

24-Feb-15 4304190 1.44 58.94 574.2 -0.982928091 8777.7 -0.300426503 8762.1 0.081668085

25-Feb-15 3050026 1.3 56.52 564.4 -1.706722396 8781.3 0.041013022 8767.25 0.058775864

26-Feb-15 3533029 1.33 57.1 568.2 0.673281361 8640.7 -1.601129673 8683.85 -0.951267501

27-Feb-15 4310800 1.43 58.84 560.65 -1.32875748 8841.8 2.327357737 8844.6 1.851137456

28-Feb-15 4108469 1.53 60.45 575.15 2.586283778 8935.35 1.05804248 8901.85 0.647287611

2-Mar-15 4899347 1.03 50.75 593.35 3.164391898 8919.55 -0.176825754 8956.75 0.616725737

3-Mar-15 3555077 0.75 42.77 585 -1.407263841 8838.8 -0.90531473 8996.25 0.441008178

4-Mar-15 6176534 0.91 47.54 574.1 -1.863247863 8777.85 -0.689573245 8922.65 -0.818118661

5-Mar-15 3318912 1.02 50.56 574.1 0 8825.65 0.544552482 8937.75 0.169232235

9-Mar-15 3528212 0.94 48.36 570.7 -0.592231319 8727.05 -1.117198167 8756.75 -2.025118179

10-Mar-15 3875591 0.78 43.88 565.1 -0.981251095 8756.4 0.336310666 8712.05 -0.510463357

11-Mar-15 3151043 0.74 42.47 560.2 -0.867103168 8761.5 0.058243114 8699.95 -0.138888092

12-Mar-15 3394342 0.71 41.63 550.9 -1.660121385 8851.65 1.028933402 8776 0.874142955

13-Mar-15 5325356 0.73 42.21 563.9 2.359774914 8721.75 -1.467523004 8647.75 -1.461371923

16-Mar-15 2757396 0.59 37.03 558.35 -0.98421706 8697.85 -0.274027575 8633.15 -0.168830042

17-Mar-15 5338621 0.59 36.98 556.9 -0.25969374 8807.4 1.25950666 8723.3 1.044230669

18-Mar-15 4521120 0.51 33.85 571.55 2.630633866 8748.75 -0.665917297 8685.9 -0.428736831

19-Mar-15 3260146 0.42 29.57 560.2 -1.985828012 8719.55 -0.333761966 8634.65 -0.590036726

20-Mar-15 5065418 0.45 30.93 553.8 -1.142449125 8585.95 -1.532189161 8570.9 -0.73830439

23-Mar-15 3120391 0.44 30.54 547.6 -1.119537739 8597.8 0.138016178 8550.9 -0.233347723

24-Mar-15 4471090 0.48 32.55 551.45 0.703067933 8480.8 -1.360813231 8542.95 -0.09297267

25-Mar-15 8533721 0.62 38.25 532.25 -3.481729985 8515.65 0.410928214 8530.8 -0.142222534

26-Mar-15 6475129 0.7 41.13 541.85 1.803663692 8385.35 -1.530123948 8342.15 -2.211398696

27-Mar-15 4671141 0.71 41.65 524.25 -3.248131402 8435 0.592104086 8341.4 -0.008990488

30-Mar-15 3969941 0.85 46.01 535.35 2.117310443 8574.45 1.653230587 8492.3 1.809048841

31-Mar-15 5352135 0.87 46.59 540 0.868590642 8621.75 0.551638881 8491 -0.015307985

Analysis of Tata Motors Ltd. for the period 1 January

2015 to 31 March 2015 (Table 13) showed following

results:



lowest the year.



lowest the year.

MACD (12, 26, 9) was (23.89, 20.63, 8.67) (03-02,


MACD (12, 26, 9) was (-8.19, -8.19, -5.29) (27-03,

01-01, 11-02) means lowest the year.



lowest the year.




Tata Motors ltd.’s Return (0.037) is less responsive






Table 14: Tata Motors Ltd. for the period 1 April 2015 to 31 June 2015

DATE VOLUME RS RSI

STOCK

PRICE

DAILY

RETURNS (%)

NIFTY AUTO

INDEX

DAILY

RETURNS (%) BETA

NIFTY

INDEX

DAILY

RETURNS (%) BETA

1-Apr-15 4177702 1.02 50.41 550.2 8710.75 0.200 8586.25 0.023

6-Apr-15 5728358 1.01 50.26 564.9 2.671755725 8792 0.932755503 8659.9 0.857766778

7-Apr-15 3201751 0.99 49.63 568.15 0.575323066 8794.5 0.028434941 8660.3 0.004618991

8-Apr-15 3774897 1.15 53.53 560.35 -1.372876881 8838.75 0.503155381 8714.4 0.624689676

9-Apr-15 3043135 1.27 55.94 561.5 0.205228875 8848.15 0.10634988 8778.3 0.733269072

10-Apr-15 2808049 1.56 60.97 559.9 -0.284951024 8879 0.348660454 8780.35 0.023353041

13-Apr-15 2889208 1.34 57.27 562.65 0.491159136 8817.85 -0.688703683 8834 0.611023479

15-Apr-15 4118983 1.54 60.63 556.25 -1.137474451 8682 -1.540624982 8750.2 -0.948607652

16-Apr-15 4027716 1.55 60.72 540.45 -2.840449438 8666.4 -0.179682101 8706.7 -0.497131494

17-Apr-15 2728290 1.59 61.37 541.25 0.148024794 8558.2 -1.248499954 8606 -1.156580564

20-Apr-15 5011252 1.52 60.34 535.35 -1.090069284 8398.6 -1.864878129 8448.1 -1.834766442

21-Apr-15 3243871 1.51 60.19 533.2 -0.401606426 8284.9 -1.353797061 8377.75 -0.83273162

22-Apr-15 4311384 1.09 52.1 527.4 -1.087771943 8280.3 -0.055522698 8429.7 0.620094894

23-Apr-15 4961920 1.21 54.79 523.5 -0.739476678 8228.8 -0.621958142 8398.3 -0.372492497

24-Apr-15 4302328 1.13 52.98 512 -2.196752627 8164.45 -0.782009528 8305.25 -1.107962326

27-Apr-15 3082875 1.49 59.88 516.2 0.8203125 8118.65 -0.560968589 8213.8 -1.101110743

28-Apr-15 6417077 2.78 73.56 516.85 0.125920186 8315.4 2.423432467 8285.6 0.874138645

29-Apr-15 3685760 3.54 77.97 529.85 2.515236529 8278.5 -0.443754961 8239.75 -0.553369702

30-Apr-15 10009172 1.76 63.83 520.9 -1.689157309 8188.2 -1.090777315 8181.5 -0.706938924

4-May-15 5849866 1.61 61.68 508.25 -2.428489153 8330.2 1.734202877 8331.95 1.838904846

5-May-15 3398712 1.9 65.47 506.45 -0.354156419 8327.2 -0.036013541 8324.8 -0.085814245

6-May-15 5925410 1.61 61.62 510.45 0.789811433 8089.85 -2.850297819 8097 -2.736402076

7-May-15 5504557 1.68 62.67 497.85 -2.468410226 7986.25 -1.28061707 8057.3 -0.490305051

8-May-15 6229295 1.6 61.54 488.1 -1.958421211 8199.25 2.667084051 8191.5 1.665570352

11-May-15 5520513 1.37 57.86 513.7 5.24482688 8427.55 2.784401012 8325.25 1.632790087

12-May-15 4569616 0.81 44.72 529.7 3.114658361 8277.5 -1.780470006 8126.95 -2.381910453

13-May-15 4442178 0.79 44.18 513.55 -3.048895601 8413.4 1.64180006 8235.45 1.3350642

14-May-15 3587736 0.91 47.75 520.45 1.343588745 8485.5 0.856966268 8224.2 -0.136604557

15-May-15 4038816 1.04 51.06 516.6 -0.739744452 8539.55 0.636968947 8262.35 0.463874906

18-May-15 4363711 0.93 48.31 519.9 0.638792102 8600.05 0.708468245 8373.65 1.34707438

19-May-15 5500642 0.95 48.63 520.7 0.153875745 8531.3 -0.799413957 8365.65 -0.095537788

20-May-15 6385674 0.94 48.58 509.8 -2.093335894 8484.8 -0.545051751 8423.25 0.688529881

21-May-15 4708702 1.02 50.39 505.25 -0.892506865 8549.6 0.76371865 8421 -0.02671178

22-May-15 4744826 0.96 48.91 511.2 1.177634834 8581.65 0.374871339 8458.95 0.450659067

25-May-15 3080546 0.95 48.79 514.65 0.674882629 8565.1 -0.192853356 8370.25 -1.048593502

26-May-15 7389680 1.17 53.87 505.3 -1.816768678 8548.15 -0.197896113 8339.35 -0.369164601

27-May-15 15936377 1.08 51.99 497.6 -1.523847219 8369.9 -2.085246515 8334.6 -0.056958876

28-May-15 11792862 1 50.1 471.75 -5.194935691 8379.3 0.112307196 8319 -0.18717155

29-May-15 7892019 1.26 55.82 484.35 2.6709062 8536.75 1.879035242 8433.65 1.378170453

1-Jun-15 4610219 1.6 61.52 481.65 -0.557448126 8509.35 -0.320965239 8433.4 -0.002964316

2-Jun-15 6237231 1.84 64.81 472.05 -1.993148552 8325.05 -2.165852856 8236.45 -2.335357033

3-Jun-15 9702740 1.69 62.87 466.95 -1.080394026 8191.6 -1.602993375 8135.1 -1.230505861

4-Jun-15 8001049 1.69 62.89 456.85 -2.162972481 8130.45 -0.746496411 8130.65 -0.054701233

5-Jun-15 11195670 1.83 64.63 451.2 -1.23672978 8092.3 -0.469223721 8114.7 -0.196171278

8-Jun-15 7072020 1.61 61.62 442.1 -2.016843972 8006.15 -1.064592267 8044.15 -0.869409836

9-Jun-15 7741629 1.25 55.5 435.6 -1.470255598 7953.65 -0.655745895 8022.4 -0.270382825

10-Jun-15 9716102 1.19 54.39 440.05 1.021579431 8104.05 1.890955725 8124.45 1.272063223

11-Jun-15 9668308 1.39 58.09 446.6 1.48846722 7909 -2.406821281 7965.35 -1.958286407

12-Jun-15 10871836 1.36 57.54 430.2 -3.672189879 7905.25 -0.047414338 7982.9 0.220329301

15-Jun-15 7287773 1.25 55.53 421.8 -1.952580195 7996.2 1.150501249 8013.9 0.388330055

16-Jun-15 6192559 1.24 55.31 426.35 1.078710289 8090.85 1.183687251 8047.3 0.416775852

17-Jun-15 7034146 1.41 58.55 432.8 1.512841562 8160.95 0.866410822 8091.55 0.549873871

18-Jun-15 8198142 1.18 54.15 433.7 0.207948244 8258.65 1.197164546 8174.6 1.026379371

19-Jun-15 6891821 1.78 64.08 445.45 2.709246023 8305.35 0.565467722 8224.95 0.615932278

22-Jun-15 5281379 1.53 60.53 433.05 -2.783701875 8400.7 1.148055169 8353.1 1.558064183

23-Jun-15 5762483 1.59 61.45 440.5 1.720355617 8405.8 0.060709227 8381.55 0.340592116

24-Jun-15 7081258 1.63 61.95 436 -1.021566402 8326.95 -0.93804278 8360.85 -0.246971026

25-Jun-15 7745469 1.5 59.92 430.6 -1.23853211 8395.95 0.828634734 8398 0.444332813

26-Jun-15 5009173 1.49 59.83 432.4 0.418021366 8447.2 0.610413354 8381.1 -0.20123839

29-Jun-15 7143044 1.63 61.95 437.6 1.202590194 8325.05 -1.446041292 8318.4 -0.748111823

30-Jun-15 6387312 1.73 63.33 428.25 -2.136654479 8383.25 0.6990949 8368.5 0.602279284



65

DATE VOLUME RS RSI

STOCK

PRICE

DAILY

RETURNS (%)

NIFTY AUTO

INDEX

DAILY

RETURNS (%) BETA

NIFTY

INDEX

DAILY

RETURNS (%) BETA

1-Apr-15 4177702 1.02 50.41 550.2 8710.75 0.200 8586.25 0.023

6-Apr-15 5728358 1.01 50.26 564.9 2.671755725 8792 0.932755503 8659.9 0.857766778

7-Apr-15 3201751 0.99 49.63 568.15 0.575323066 8794.5 0.028434941 8660.3 0.004618991

8-Apr-15 3774897 1.15 53.53 560.35 -1.372876881 8838.75 0.503155381 8714.4 0.624689676

9-Apr-15 3043135 1.27 55.94 561.5 0.205228875 8848.15 0.10634988 8778.3 0.733269072

10-Apr-15 2808049 1.56 60.97 559.9 -0.284951024 8879 0.348660454 8780.35 0.023353041

13-Apr-15 2889208 1.34 57.27 562.65 0.491159136 8817.85 -0.688703683 8834 0.611023479

15-Apr-15 4118983 1.54 60.63 556.25 -1.137474451 8682 -1.540624982 8750.2 -0.948607652

16-Apr-15 4027716 1.55 60.72 540.45 -2.840449438 8666.4 -0.179682101 8706.7 -0.497131494

17-Apr-15 2728290 1.59 61.37 541.25 0.148024794 8558.2 -1.248499954 8606 -1.156580564

20-Apr-15 5011252 1.52 60.34 535.35 -1.090069284 8398.6 -1.864878129 8448.1 -1.834766442

21-Apr-15 3243871 1.51 60.19 533.2 -0.401606426 8284.9 -1.353797061 8377.75 -0.83273162

22-Apr-15 4311384 1.09 52.1 527.4 -1.087771943 8280.3 -0.055522698 8429.7 0.620094894

23-Apr-15 4961920 1.21 54.79 523.5 -0.739476678 8228.8 -0.621958142 8398.3 -0.372492497

24-Apr-15 4302328 1.13 52.98 512 -2.196752627 8164.45 -0.782009528 8305.25 -1.107962326

27-Apr-15 3082875 1.49 59.88 516.2 0.8203125 8118.65 -0.560968589 8213.8 -1.101110743

28-Apr-15 6417077 2.78 73.56 516.85 0.125920186 8315.4 2.423432467 8285.6 0.874138645

29-Apr-15 3685760 3.54 77.97 529.85 2.515236529 8278.5 -0.443754961 8239.75 -0.553369702

30-Apr-15 10009172 1.76 63.83 520.9 -1.689157309 8188.2 -1.090777315 8181.5 -0.706938924

4-May-15 5849866 1.61 61.68 508.25 -2.428489153 8330.2 1.734202877 8331.95 1.838904846

5-May-15 3398712 1.9 65.47 506.45 -0.354156419 8327.2 -0.036013541 8324.8 -0.085814245

6-May-15 5925410 1.61 61.62 510.45 0.789811433 8089.85 -2.850297819 8097 -2.736402076

7-May-15 5504557 1.68 62.67 497.85 -2.468410226 7986.25 -1.28061707 8057.3 -0.490305051

8-May-15 6229295 1.6 61.54 488.1 -1.958421211 8199.25 2.667084051 8191.5 1.665570352

11-May-15 5520513 1.37 57.86 513.7 5.24482688 8427.55 2.784401012 8325.25 1.632790087

12-May-15 4569616 0.81 44.72 529.7 3.114658361 8277.5 -1.780470006 8126.95 -2.381910453

13-May-15 4442178 0.79 44.18 513.55 -3.048895601 8413.4 1.64180006 8235.45 1.3350642

14-May-15 3587736 0.91 47.75 520.45 1.343588745 8485.5 0.856966268 8224.2 -0.136604557

15-May-15 4038816 1.04 51.06 516.6 -0.739744452 8539.55 0.636968947 8262.35 0.463874906

18-May-15 4363711 0.93 48.31 519.9 0.638792102 8600.05 0.708468245 8373.65 1.34707438

19-May-15 5500642 0.95 48.63 520.7 0.153875745 8531.3 -0.799413957 8365.65 -0.095537788

20-May-15 6385674 0.94 48.58 509.8 -2.093335894 8484.8 -0.545051751 8423.25 0.688529881

21-May-15 4708702 1.02 50.39 505.25 -0.892506865 8549.6 0.76371865 8421 -0.02671178

22-May-15 4744826 0.96 48.91 511.2 1.177634834 8581.65 0.374871339 8458.95 0.450659067

25-May-15 3080546 0.95 48.79 514.65 0.674882629 8565.1 -0.192853356 8370.25 -1.048593502

26-May-15 7389680 1.17 53.87 505.3 -1.816768678 8548.15 -0.197896113 8339.35 -0.369164601

27-May-15 15936377 1.08 51.99 497.6 -1.523847219 8369.9 -2.085246515 8334.6 -0.056958876

28-May-15 11792862 1 50.1 471.75 -5.194935691 8379.3 0.112307196 8319 -0.18717155

29-May-15 7892019 1.26 55.82 484.35 2.6709062 8536.75 1.879035242 8433.65 1.378170453

1-Jun-15 4610219 1.6 61.52 481.65 -0.557448126 8509.35 -0.320965239 8433.4 -0.002964316

2-Jun-15 6237231 1.84 64.81 472.05 -1.993148552 8325.05 -2.165852856 8236.45 -2.335357033

3-Jun-15 9702740 1.69 62.87 466.95 -1.080394026 8191.6 -1.602993375 8135.1 -1.230505861

4-Jun-15 8001049 1.69 62.89 456.85 -2.162972481 8130.45 -0.746496411 8130.65 -0.054701233

5-Jun-15 11195670 1.83 64.63 451.2 -1.23672978 8092.3 -0.469223721 8114.7 -0.196171278

8-Jun-15 7072020 1.61 61.62 442.1 -2.016843972 8006.15 -1.064592267 8044.15 -0.869409836

9-Jun-15 7741629 1.25 55.5 435.6 -1.470255598 7953.65 -0.655745895 8022.4 -0.270382825

10-Jun-15 9716102 1.19 54.39 440.05 1.021579431 8104.05 1.890955725 8124.45 1.272063223

11-Jun-15 9668308 1.39 58.09 446.6 1.48846722 7909 -2.406821281 7965.35 -1.958286407

12-Jun-15 10871836 1.36 57.54 430.2 -3.672189879 7905.25 -0.047414338 7982.9 0.220329301

15-Jun-15 7287773 1.25 55.53 421.8 -1.952580195 7996.2 1.150501249 8013.9 0.388330055

16-Jun-15 6192559 1.24 55.31 426.35 1.078710289 8090.85 1.183687251 8047.3 0.416775852

17-Jun-15 7034146 1.41 58.55 432.8 1.512841562 8160.95 0.866410822 8091.55 0.549873871

18-Jun-15 8198142 1.18 54.15 433.7 0.207948244 8258.65 1.197164546 8174.6 1.026379371

19-Jun-15 6891821 1.78 64.08 445.45 2.709246023 8305.35 0.565467722 8224.95 0.615932278

22-Jun-15 5281379 1.53 60.53 433.05 -2.783701875 8400.7 1.148055169 8353.1 1.558064183

23-Jun-15 5762483 1.59 61.45 440.5 1.720355617 8405.8 0.060709227 8381.55 0.340592116

24-Jun-15 7081258 1.63 61.95 436 -1.021566402 8326.95 -0.93804278 8360.85 -0.246971026

25-Jun-15 7745469 1.5 59.92 430.6 -1.23853211 8395.95 0.828634734 8398 0.444332813

26-Jun-15 5009173 1.49 59.83 432.4 0.418021366 8447.2 0.610413354 8381.1 -0.20123839

29-Jun-15 7143044 1.63 61.95 437.6 1.202590194 8325.05 -1.446041292 8318.4 -0.748111823

30-Jun-15 6387312 1.73 63.33 428.25 -2.136654479 8383.25 0.6990949 8368.5 0.602279284

Analysis of Tata Motors Ltd. for the period 1 April 2015

to 30 June 2015 (Table 14) showed following results:


the year and at 30-06-2015 EMA was 443.67 means

lowest the year.




MACD (12, 26, 9) was (-0.18, -1.93, 2.67) (13-04,


MACD (12, 26, 9) was (-23.19, -20.56, -5.44) (15-




lowest the year.










Table 15: Tata Motors Ltd. for the period 1 July 2015 to 30 September 2015

DATE VOLUME RS RSI

STOCK

PRICE

DAILY

RETURNS (%)

NIFTY AUTO

INDEX

DAILY

RETURNS (%) BETA

NIFTY

INDEX

DAILY

RETURNS (%) BETA

1-Jul-15 6054910 1.69 62.77 434.15 8482.45 0.127 8453.05 0.002

2-Jul-15 4641851 1.71 63.11 444.5 2.383968674 8528.6 0.54406451 8444.9 -0.096414903

3-Jul-15 3709457 1.33 57.02 436.4 -1.822272216 8493.5 -0.41155641 8484.9 0.473658658

6-Jul-15 4600687 1.32 56.83 433.15 -0.744729606 8517.95 0.287867193 8522.15 0.439015192

7-Jul-15 5667938 1.15 53.52 431.1 -0.473277156 8488.9 -0.3410445 8510.8 -0.133182354

8-Jul-15 15521757 1.04 50.96 431.55 0.104384134 8287.3 -2.374866001 8363.05 -1.736029515

9-Jul-15 9351601 1.05 51.22 404.95 -6.163828062 8248.55 -0.467582928 8328.55 -0.412528922

10-Jul-15 13661389 1.73 63.3 397.8 -1.76565008 8234.1 -0.175182305 8360.55 0.384220543

13-Jul-15 8047912 1.6 61.52 401.9 1.030668678 8370.75 1.659562065 8459.65 1.185328716

14-Jul-15 11333562 1.79 64.18 402.1 0.049763623 8305.7 -0.777110773 8454.1 -0.065605551

15-Jul-15 15561638 2.21 68.85 385.95 -4.016413827 8403.2 1.173892628 8523.8 0.824452041

16-Jul-15 5199913 2.59 72.18 394.3 2.16349268 8434.55 0.373072163 8608.05 0.988408926

17-Jul-15 6590110 2.1 67.77 395.25 0.2409333 8473.9 0.466533484 8609.85 0.020910659

20-Jul-15 5777196 2.4 70.57 398.05 0.708412397 8476.35 0.028912307 8603.45 -0.074333467

21-Jul-15 6461958 2.55 71.83 390.75 -1.83394046 8440.45 -0.423531355 8529.45 -0.860120068

22-Jul-15 5955109 2.6 72.19 389.1 -0.422264875 8538.8 1.165222233 8633.5 1.219891083

23-Jul-15 9510349 3.22 76.28 389.55 0.115651503 8581.35 0.49831358 8589.8 -0.506167835

24-Jul-15 7059848 3.71 78.76 401.35 3.029136183 8472.05 -1.273692368 8521.55 -0.794547021

27-Jul-15 8450904 2.79 73.62 390.25 -2.765665878 8305.65 -1.9641055 8361 -1.884046916

28-Jul-15 10975840 3.21 76.22 377.45 -3.279948751 8259.5 -0.555645856 8337 -0.287047004

29-Jul-15 9532212 2.89 74.28 370.1 -1.947277785 8368.9 1.324535383 8375.05 0.456399184

30-Jul-15 6562559 2.22 68.91 376.45 1.715752499 8387.5 0.222251431 8421.8 0.558205623

31-Jul-15 6947628 2.15 68.22 377.45 0.265639527 8544.85 1.876005961 8532.85 1.318601724

3-Aug-15 6647982 2.36 70.2 383.85 1.69558882 8609.65 0.758351522 8543.05 0.119538021

4-Aug-15 5621275 1.97 66.35 388.2 1.133255178 8703.6 1.091217413 8516.9 -0.306096769

5-Aug-15 8298929 1.7 63.03 380.75 -1.919113859 8795.45 1.055310446 8567.95 0.599396494

6-Aug-15 7976356 1.86 65.07 376.4 -1.142481944 8796.95 0.017054272 8588.65 0.241598049

7-Aug-15 10706804 1.57 61.07 383.1 1.780021254 8803 0.068773836 8564.6 -0.280020725

10-Aug-15 14494111 1.4 58.39 393.4 2.688593057 8745.6 -0.652050437 8525.6 -0.455362772

11-Aug-15 9984809 1.26 55.73 385.7 -1.957295374 8619.25 -1.444726491 8462.35 -0.741883269

12-Aug-15 11107801 1.43 58.83 369.15 -4.290899663 8407.15 -2.460770949 8349.45 -1.334144771

13-Aug-15 11147702 1.43 58.93 355.2 -3.778951646 8441.55 0.409175523 8355.85 0.076651756

14-Aug-15 6400810 1.74 63.45 349.4 -1.632882883 8642.1 2.37574853 8518.55 1.947138831

17-Aug-15 5812093 1.62 61.87 355.25 1.674298798 8615.45 -0.308374122 8477.3 -0.484237341

18-Aug-15 5623977 1.54 60.66 356.1 0.239268121 8662.55 0.54669228 8466.55 -0.126809244

19-Aug-15 6435894 1.78 64.03 348.6 -2.106149958 8703.3 0.470415755 8495.15 0.33779993

20-Aug-15 7789676 1.79 64.1 351.25 0.760183592 8553.55 -1.720611722 8372.75 -1.440822116

21-Aug-15 8793065 1.71 63.05 342.2 -2.576512456 8381.7 -2.00910733 8299.95 -0.869487325

24-Aug-15 14753473 1.77 63.87 332.4 -2.863822326 7773.45 -7.256881062 7809 -5.915095874

25-Aug-15 13398318 1.73 63.4 308.25 -7.26534296 7920.35 1.889765805 7880.7 0.918171341

26-Aug-15 13781660 2.08 67.58 328.85 6.682887267 7882.1 -0.482933204 7791.85 -1.127437918

27-Aug-15 17224851 1.51 60.15 335.1 1.900562567 7952.35 0.891259943 7948.95 2.016209244

28-Aug-15 7123909 1.52 60.38 334.05 -0.313339302 8023.3 0.892189101 8001.95 0.666754729

31-Aug-15 7244287 1.47 59.45 340.05 1.796138303 7948.55 -0.931661536 7971.3 -0.383031636

1-Sep-15 8606005 1.56 60.96 340.15 0.02940744 7745.4 -2.555812066 7785.85 -2.326471215

2-Sep-15 8097313 1.69 62.76 329.9 -3.013376452 7638.7 -1.377591861 7717 -0.884296512

3-Sep-15 8138855 1.6 61.51 324.45 -1.652015762 7738.6 1.307814157 7823 1.373590774

4-Sep-15 6592654 1.59 61.39 333.55 2.804746494 7559.45 -2.31501822 7655.05 -2.146874601

7-Sep-15 5357928 1.48 59.62 322.9 -3.192924599 7464.3 -1.258689455 7558.8 -1.257339926

8-Sep-15 6729868 1.31 56.65 322.85 -0.01548467 7589 1.670618812 7688.25 1.712573424

9-Sep-15 8833492 1.18 54.17 330.9 2.493417996 7814.85 2.976017921 7818.6 1.695444347

10-Sep-15 9872906 1.05 51.33 344.9 4.230885464 7875.85 0.780565206 7788.1 -0.390095414

11-Sep-15 8569963 0.96 48.92 354.1 2.667439838 7857.45 -0.233625577 7789.3 0.015408123

14-Sep-15 5480940 0.94 48.42 344.6 -2.68285795 7890.75 0.423801615 7872.25 1.064922394

15-Sep-15 5802405 0.67 40.2 346.8 0.638421358 7766.2 -1.578430441 7829.1 -0.548127918

16-Sep-15 5708786 0.9 47.3 334.1 -3.662053057 7799.1 0.423630604 7899.15 0.894738859

18-Sep-15 14893326 1.02 50.51 338.05 1.182280754 7842.55 0.557115565 7981.9 1.047581069

21-Sep-15 5172386 1.23 55.2 330.25 -2.307350984 7848.75 0.079055919 7977.1 -0.060136058

22-Sep-15 7122834 1.21 54.76 331.7 0.439061317 7709.85 -1.769708552 7812 -2.069674443

23-Sep-15 8954516 1.18 54.05 315.8 -4.793488092 7705.55 -0.05577281 7845.95 0.434587814

24-Sep-15 13799813 1.29 56.41 310.3 -1.741608613 7721.25 0.203749246 7868.5 0.287409428

28-Sep-15 13577316 1.3 56.43 303.4 -2.223654528 7584.25 -1.774324106 7795.7 -0.925208108

29-Sep-15 12304403 1.33 57.12 285 -6.064601187 7648.2 0.843194779 7843.3 0.610593019

30-Sep-15 12926187 1.48 59.7 288.75 1.315789474 7759.6 1.456551868 7948.9 1.346372063



66

DATE VOLUME RS RSI

STOCK

PRICE

DAILY

RETURNS (%)

NIFTY AUTO

INDEX

DAILY

RETURNS (%) BETA

NIFTY

INDEX

DAILY

RETURNS (%) BETA

1-Jul-15 6054910 1.69 62.77 434.15 8482.45 0.127 8453.05 0.002

2-Jul-15 4641851 1.71 63.11 444.5 2.383968674 8528.6 0.54406451 8444.9 -0.096414903

3-Jul-15 3709457 1.33 57.02 436.4 -1.822272216 8493.5 -0.41155641 8484.9 0.473658658

6-Jul-15 4600687 1.32 56.83 433.15 -0.744729606 8517.95 0.287867193 8522.15 0.439015192

7-Jul-15 5667938 1.15 53.52 431.1 -0.473277156 8488.9 -0.3410445 8510.8 -0.133182354

8-Jul-15 15521757 1.04 50.96 431.55 0.104384134 8287.3 -2.374866001 8363.05 -1.736029515

9-Jul-15 9351601 1.05 51.22 404.95 -6.163828062 8248.55 -0.467582928 8328.55 -0.412528922

10-Jul-15 13661389 1.73 63.3 397.8 -1.76565008 8234.1 -0.175182305 8360.55 0.384220543

13-Jul-15 8047912 1.6 61.52 401.9 1.030668678 8370.75 1.659562065 8459.65 1.185328716

14-Jul-15 11333562 1.79 64.18 402.1 0.049763623 8305.7 -0.777110773 8454.1 -0.065605551

15-Jul-15 15561638 2.21 68.85 385.95 -4.016413827 8403.2 1.173892628 8523.8 0.824452041

16-Jul-15 5199913 2.59 72.18 394.3 2.16349268 8434.55 0.373072163 8608.05 0.988408926

17-Jul-15 6590110 2.1 67.77 395.25 0.2409333 8473.9 0.466533484 8609.85 0.020910659

20-Jul-15 5777196 2.4 70.57 398.05 0.708412397 8476.35 0.028912307 8603.45 -0.074333467

21-Jul-15 6461958 2.55 71.83 390.75 -1.83394046 8440.45 -0.423531355 8529.45 -0.860120068

22-Jul-15 5955109 2.6 72.19 389.1 -0.422264875 8538.8 1.165222233 8633.5 1.219891083

23-Jul-15 9510349 3.22 76.28 389.55 0.115651503 8581.35 0.49831358 8589.8 -0.506167835

24-Jul-15 7059848 3.71 78.76 401.35 3.029136183 8472.05 -1.273692368 8521.55 -0.794547021

27-Jul-15 8450904 2.79 73.62 390.25 -2.765665878 8305.65 -1.9641055 8361 -1.884046916

28-Jul-15 10975840 3.21 76.22 377.45 -3.279948751 8259.5 -0.555645856 8337 -0.287047004

29-Jul-15 9532212 2.89 74.28 370.1 -1.947277785 8368.9 1.324535383 8375.05 0.456399184

30-Jul-15 6562559 2.22 68.91 376.45 1.715752499 8387.5 0.222251431 8421.8 0.558205623

31-Jul-15 6947628 2.15 68.22 377.45 0.265639527 8544.85 1.876005961 8532.85 1.318601724

3-Aug-15 6647982 2.36 70.2 383.85 1.69558882 8609.65 0.758351522 8543.05 0.119538021

4-Aug-15 5621275 1.97 66.35 388.2 1.133255178 8703.6 1.091217413 8516.9 -0.306096769

5-Aug-15 8298929 1.7 63.03 380.75 -1.919113859 8795.45 1.055310446 8567.95 0.599396494

6-Aug-15 7976356 1.86 65.07 376.4 -1.142481944 8796.95 0.017054272 8588.65 0.241598049

7-Aug-15 10706804 1.57 61.07 383.1 1.780021254 8803 0.068773836 8564.6 -0.280020725

10-Aug-15 14494111 1.4 58.39 393.4 2.688593057 8745.6 -0.652050437 8525.6 -0.455362772

11-Aug-15 9984809 1.26 55.73 385.7 -1.957295374 8619.25 -1.444726491 8462.35 -0.741883269

12-Aug-15 11107801 1.43 58.83 369.15 -4.290899663 8407.15 -2.460770949 8349.45 -1.334144771

13-Aug-15 11147702 1.43 58.93 355.2 -3.778951646 8441.55 0.409175523 8355.85 0.076651756

14-Aug-15 6400810 1.74 63.45 349.4 -1.632882883 8642.1 2.37574853 8518.55 1.947138831

17-Aug-15 5812093 1.62 61.87 355.25 1.674298798 8615.45 -0.308374122 8477.3 -0.484237341

18-Aug-15 5623977 1.54 60.66 356.1 0.239268121 8662.55 0.54669228 8466.55 -0.126809244

19-Aug-15 6435894 1.78 64.03 348.6 -2.106149958 8703.3 0.470415755 8495.15 0.33779993

20-Aug-15 7789676 1.79 64.1 351.25 0.760183592 8553.55 -1.720611722 8372.75 -1.440822116

21-Aug-15 8793065 1.71 63.05 342.2 -2.576512456 8381.7 -2.00910733 8299.95 -0.869487325

24-Aug-15 14753473 1.77 63.87 332.4 -2.863822326 7773.45 -7.256881062 7809 -5.915095874

25-Aug-15 13398318 1.73 63.4 308.25 -7.26534296 7920.35 1.889765805 7880.7 0.918171341

26-Aug-15 13781660 2.08 67.58 328.85 6.682887267 7882.1 -0.482933204 7791.85 -1.127437918

27-Aug-15 17224851 1.51 60.15 335.1 1.900562567 7952.35 0.891259943 7948.95 2.016209244

28-Aug-15 7123909 1.52 60.38 334.05 -0.313339302 8023.3 0.892189101 8001.95 0.666754729

31-Aug-15 7244287 1.47 59.45 340.05 1.796138303 7948.55 -0.931661536 7971.3 -0.383031636

1-Sep-15 8606005 1.56 60.96 340.15 0.02940744 7745.4 -2.555812066 7785.85 -2.326471215

2-Sep-15 8097313 1.69 62.76 329.9 -3.013376452 7638.7 -1.377591861 7717 -0.884296512

3-Sep-15 8138855 1.6 61.51 324.45 -1.652015762 7738.6 1.307814157 7823 1.373590774

4-Sep-15 6592654 1.59 61.39 333.55 2.804746494 7559.45 -2.31501822 7655.05 -2.146874601

7-Sep-15 5357928 1.48 59.62 322.9 -3.192924599 7464.3 -1.258689455 7558.8 -1.257339926

8-Sep-15 6729868 1.31 56.65 322.85 -0.01548467 7589 1.670618812 7688.25 1.712573424

9-Sep-15 8833492 1.18 54.17 330.9 2.493417996 7814.85 2.976017921 7818.6 1.695444347

10-Sep-15 9872906 1.05 51.33 344.9 4.230885464 7875.85 0.780565206 7788.1 -0.390095414

11-Sep-15 8569963 0.96 48.92 354.1 2.667439838 7857.45 -0.233625577 7789.3 0.015408123

14-Sep-15 5480940 0.94 48.42 344.6 -2.68285795 7890.75 0.423801615 7872.25 1.064922394

15-Sep-15 5802405 0.67 40.2 346.8 0.638421358 7766.2 -1.578430441 7829.1 -0.548127918

16-Sep-15 5708786 0.9 47.3 334.1 -3.662053057 7799.1 0.423630604 7899.15 0.894738859

18-Sep-15 14893326 1.02 50.51 338.05 1.182280754 7842.55 0.557115565 7981.9 1.047581069

21-Sep-15 5172386 1.23 55.2 330.25 -2.307350984 7848.75 0.079055919 7977.1 -0.060136058

22-Sep-15 7122834 1.21 54.76 331.7 0.439061317 7709.85 -1.769708552 7812 -2.069674443

23-Sep-15 8954516 1.18 54.05 315.8 -4.793488092 7705.55 -0.05577281 7845.95 0.434587814

24-Sep-15 13799813 1.29 56.41 310.3 -1.741608613 7721.25 0.203749246 7868.5 0.287409428

28-Sep-15 13577316 1.3 56.43 303.4 -2.223654528 7584.25 -1.774324106 7795.7 -0.925208108

29-Sep-15 12304403 1.33 57.12 285 -6.064601187 7648.2 0.843194779 7843.3 0.610593019

30-Sep-15 12926187 1.48 59.7 288.75 1.315789474 7759.6 1.456551868 7948.9 1.346372063

Analysis of Tata Motors Ltd. for the period 1 July 2015 to

30 September 2015 (Table 15) showed following results:







MACD (12, 26, 9) was (-6.27, -8.29, 4.63) (21-09,


MACD (12, 26, 9) was (-19.59, -17.17, -4.05) (24-




lowest the year.












67

Table 16: Tata Motors Ltd. for the period 1 October 2015 to 31 December 2015

DATE VOLUME RS RSI

STOCK

PRICE

DAILY

RETURNS (%)

NIFTY AUTO

INDEX

DAILY

RETURNS (%) BETA

NIFTY

INDEX

DAILY

RETURNS (%) BETA

1-Oct-15 7501080 1.8 64.29 298.6 7731.55 -0.108 7950.9 -0.273

5-Oct-15 14527820 1.73 63.34 297.75 -0.284661755 7890.45 2.055215319 8119.3 2.11799922

6-Oct-15 18806867 1.91 65.67 315.15 5.843828715 7947.65 0.724926969 8152.9 0.413828778

7-Oct-15 17802539 1.51 60.11 333.7 5.886085991 8064.05 1.464583871 8177.4 0.300506568

8-Oct-15 12085332 1.19 54.35 341.35 2.292478274 8021.75 -0.524550319 8129.35 -0.587595079

9-Oct-15 11635790 1.09 52.09 343.25 0.556613447 8051.2 0.367126874 8189.7 0.742371776

12-Oct-15 10509775 1.14 53.36 356.45 3.845593591 8062.6 0.1415938 8143.6 -0.562902182

13-Oct-15 9969583 1 50.02 362.35 1.65521111 8078.2 0.193485972 8131.7 -0.14612702

14-Oct-15 7009418 1.07 51.8 361.1 -0.344970333 8010.55 -0.837439033 8107.9 -0.292681727

15-Oct-15 19487376 0.83 45.42 352.3 -2.436998061 8193.4 2.282614802 8179.5 0.883089333

16-Oct-15 16497652 0.71 41.55 381.3 8.231620778 8266.65 0.894012254 8238.15 0.717036494

19-Oct-15 7455714 0.61 37.8 386.2 1.285077367 8245.55 -0.25524245 8275.05 0.447916098

20-Oct-15 15426131 0.65 39.52 378.7 -1.941998964 8265.4 0.240735912 8261.65 -0.161932556

21-Oct-15 8720671 0.41 29.1 383.15 1.175072617 8285.15 0.238947903 8251.7 -0.12043599

23-Oct-15 6744440 0.41 28.97 381.45 -0.443690461 8228.3 -0.68616742 8295.45 0.530193778

26-Oct-15 5064657 0.35 26 383 0.406344213 8232.25 0.048005056 8260.55 -0.420712559

27-Oct-15 4423221 0.46 31.53 384.6 0.417754569 8272.35 0.487108628 8232.9 -0.334723475

28-Oct-15 8018683 0.54 35.17 383.35 -0.325013001 8206.15 -0.800256275 8171.2 -0.749432156

29-Oct-15 15381516 0.53 34.47 386.3 0.769531759 8195.9 -0.12490632 8111.75 -0.727555316

30-Oct-15 6651831 0.56 36.05 391.2 1.268444214 8091.95 -1.268317085 8065.8 -0.566462231

2-Nov-15 7511675 0.54 35.03 384.95 -1.597648262 8097.1 0.063643498 8050.8 -0.185970394

3-Nov-15 5887746 0.65 39.23 387.95 0.77932199 8102.9 0.071630584 8060.7 0.122969146

4-Nov-15 13985828 0.68 40.52 382.05 -1.520814538 8235.75 1.639536462 8040.2 -0.254320344

5-Nov-15 12912937 0.8 44.44 404.85 5.967805261 8194.15 -0.505114895 7955.45 -1.054078257

6-Nov-15 11016134 0.54 35.12 404 -0.209954304 8144.45 -0.606530269 7954.3 -0.014455499

9-Nov-15 22128119 0.68 40.39 396.15 -1.943069307 8246.2 1.24931702 7915.2 -0.491558025

10-Nov-15 12654616 0.76 43.14 411.75 3.93790231 8257.7 0.139458175 7783.35 -1.665782292

11-Nov-15 1164924 0.56 35.82 407.45 -1.044323012 8303.95 0.560083316 7825 0.535116627

13-Nov-15 11007237 0.54 34.91 411.3 0.944901215 8178.3 -1.513135315 7762.25 -0.801916933

16-Nov-15 7673487 0.63 38.49 403.95 -1.787016776 8190.35 0.147341134 7806.6 0.571354955

17-Nov-15 6063987 0.62 38.16 400.25 -0.915954945 8252.1 0.753936034 7837.55 0.396459406

18-Nov-15 6960097 0.53 34.6 407.5 1.811367895 8181 -0.861598866 7731.8 -1.349273689

19-Nov-15 5645524 0.6 37.49 406.25 -0.306748466 8295.05 1.394083853 7842.75 1.434982798

20-Nov-15 5420173 0.49 32.86 406.95 0.172307692 8339.4 0.534656211 7856.55 0.175958688

23-Nov-15 4658448 0.53 34.55 402.85 -1.007494778 8395.35 0.670911576 7849.25 -0.092916102

24-Nov-15 5624579 0.5 33.23 402.1 -0.186173514 8332.9 -0.743864163 7831.6 -0.224862248

26-Nov-15 15070353 0.4 28.52 400.95 -0.285998508 8444.6 1.340469704 7883.8 0.666530466

27-Nov-15 9720127 0.35 25.73 424.4 5.848609552 8443.65 -0.011249793 7942.7 0.747101651

30-Nov-15 9901753 0.34 25.48 417.65 -1.590480679 8481.85 0.452410983 7935.25 -0.09379682

1-Dec-15 6402692 0.41 28.9 423.25 1.340835628 8419 -0.740994005 7954.9 0.247629249

2-Dec-15 6543300 0.39 28.05 417.35 -1.393975192 8416.4 -0.030882528 7931.35 -0.296043948

3-Dec-15 5999323 0.48 32.4 413.15 -1.006349587 8334.65 -0.971317903 7864.15 -0.847270641

4-Dec-15 8477407 0.48 32.34 405.6 -1.827423454 8240.7 -1.127221899 7781.9 -1.045885442

7-Dec-15 6156323 0.46 31.58 399.95 -1.392998028 8221.5 -0.232989916 7765.4 -0.212030481

8-Dec-15 7851653 0.44 30.71 399.15 -0.200025003 8210.35 -0.135620021 7701.7 -0.820305458

9-Dec-15 6103583 0.41 29.17 402.4 0.814230239 8067.9 -1.735005207 7612.5 -1.158185855

10-Dec-15 10684178 0.46 31.59 393.95 -2.099900596 8085 0.211951065 7683.3 0.930049261

11-Dec-15 6537672 0.55 35.45 389.6 -1.104201041 7943.25 -1.753246753 7610.45 -0.948160296

14-Dec-15 12682481 0.42 29.54 377.95 -2.990246407 7964.05 0.261857552 7650.05 0.520337168

15-Dec-15 7717531 0.48 32.57 371.6 -1.680116418 8082.35 1.485425129 7700.9 0.664701538

16-Dec-15 11874858 0.53 34.65 379.5 2.125941873 8035.6 -0.57842088 7750.9 0.64927476

17-Dec-15 7604665 0.61 38.02 380.45 0.250329381 8149 1.411220071 7844.35 1.205666439

18-Dec-15 6454322 1.39 58.22 382.95 0.657116572 8079.2 -0.856546816 7761.95 -1.050437576

21-Dec-15 4015631 1.51 60.16 378.25 -1.227314271 8154.9 0.936973958 7834.45 0.934043636

22-Dec-15 3802024 1.63 62.02 380.15 0.502313285 8099.65 -0.677506775 7786.1 -0.617146066

23-Dec-15 3953766 1.81 64.39 378.1 -0.539260818 8111 0.140129512 7865.95 1.025545523

24-Dec-15 4568751 1.74 63.45 378.45 0.092568104 8136.6 0.315620762 7861.05 -0.062293811

28-Dec-15 7166351 1.96 66.2 382.4 1.043731008 8228.4 1.128235381 7925.15 0.815412699

29-Dec-15 7359611 1.84 64.84 394 3.033472803 8268.8 0.490982451 7928.95 0.047948619

30-Dec-15 4866177 1.55 60.71 391.85 -0.545685279 8240.2 -0.345878483 7896.25 -0.412412741

31-Dec-15 6410622 1.36 57.66 393.45 0.40831951 8254.75 0.176573384 7946.35 0.634478392

Analysis of Tata Motors Ltd. for the period 1 October


results:



lowest the year.


the year and at 01-10-2015 ROC was -15% means

lowest the year.

MACD (12, 26, 9) was (15.72, 14.69, 8.27) (11-11,


MACD (12, 26, 9) was (-14.87, -12.30, -5.87) (01-




lowest the year.






68

Tata Motors ltd.’s beta equivalent to (-0.108) which

depicts that 1% Increase/ Decrease in market return

will lead to Decrease/ Increase in stock return by (-

0.108) and has negative responsive to NIFTY Auto

Index. Level of risk associated by investing into

company is proportionately low.

Tata Motors ltd.’s beta equivalent to (-0.273) which



0.273) and has negative responsive to NIFTY



TVS MOTOR COMPANY LIMITED

Analysis of TVS Motor Co. Ltd. for the period 1 January 2015 to 31 December 2015.

Graph 5: TVS Motor Co. Ltd. for the period 1 January 2015 to 31 December 2015

Table 17: TVS Motor Co. Ltd. for the period 1 January 2015 to 31 March 2015

DATE VOLUME RS RSI

STOCK

PRICE

DAILY

RETURNS (%)

NIFTY AUTO

INDEX

DAILY

RETURNS (%) BETA

NIFTY

INDEX

DAILY

RETURNS (%) BETA

1-Jan-15 3402919 0.68 40.6 268.45 8318.8 0.046 8284 0.088

2-Jan-15 4469469 0.77 43.6 277.55 3.389830508 8365.4 0.560176949 8395.45 1.345364558

5-Jan-15 2662119 0.68 40.5 267.45 -3.638983967 8467.95 1.225882803 8378.4 -0.203086195

6-Jan-15 4281631 0.7 41.3 270.9 1.28996074 8248.2 -2.595079092 8127.35 -2.996395493

7-Jan-15 5465436 0.76 43 268.05 -1.052048726 8254.7 0.078805073 8102.1 -0.310679373

8-Jan-15 6558340 0.59 37.1 278.3 3.823913449 8397.3 1.727500697 8234.6 1.635378482

9-Jan-15 4546016 0.58 36.7 296.2 6.431908013 8397 -0.003572577 8284.5 0.605979647

12-Jan-15 2950576 0.54 35.2 296.5 0.101282917 8409.55 0.14945814 8323 0.464723278

13-Jan-15 4856296 0.59 36.9 299.5 1.011804384 8398.8 -0.127830859 8299.4 -0.283551604

14-Jan-15 3127154 0.59 37.1 308.95 3.155258765 8427.7 0.344096776 8277.55 -0.263272044

15-Jan-15 4089886 0.7 41.3 307.9 -0.339860819 8614.7 2.218873477 8494.15 2.616716299

16-Jan-15 2772948 0.57 36.2 316.05 2.6469633 8623.6 0.103311781 8513.8 0.231335684

19-Jan-15 3061675 0.57 36.3 320.15 1.297263091 8694.9 0.826800872 8550.7 0.433413987

20-Jan-15 2235687 0.6 37.6 308.85 -3.529595502 8760.9 0.759065659 8695.6 1.694598103

21-Jan-15 2976914 0.96 48.9 308.95 0.032378177 8779.95 0.217443413 8729.5 0.389852339

22-Jan-15 3300030 0.96 49 300.65 -2.686518854 8842 0.706723842 8761.4 0.365427573

23-Jan-15 2822168 1.07 51.6 300.6 -0.016630634 8983.1 1.595792807 8835.6 0.846896615

27-Jan-15 2597322 0.75 42.8 306.45 1.946107784 9099.6 1.296879696 8910.5 0.847707003

28-Jan-15 2605964 0.72 41.8 308.4 0.636319139 9043.15 -0.620356939 8914.3 0.042646316

29-Jan-15 1590269 0.85 45.9 312 1.167315175 9049.7 0.072430514 8952.35 0.426842265

30-Jan-15 2215039 0.95 48.8 310.1 -0.608974359 8930.85 -1.313303203 8808.9 -1.602372561

2-Feb-15 4440110 1.11 52.7 308.2 -0.612705579 8976.1 0.506670698 8797.4 -0.130549785

3-Feb-15 7571501 0.9 47.4 285.25 -7.446463335 8919.7 -0.628335246 8756.55 -0.464341737

4-Feb-15 3918011 1.43 58.8 285.25 0 8812.5 -1.201834142 8723.7 -0.375147747

5-Feb-15 2726129 1.71 63.1 294.4 3.207712533 8749.65 -0.713191489 8711.7 -0.137556312

6-Feb-15 2151139 1.65 62.2 293.5 -0.305706522 8496.3 -2.895544393 8661.05 -0.581402023

9-Feb-15 2036620 1.64 62.1 293.6 0.03407155 8294.45 -2.375740028 8526.35 -1.555238684

10-Feb-15 1880898 1.95 66.1 294.05 0.153269755 8436.05 1.707165635 8565.55 0.459751242

11-Feb-15 1926071 1.98 66.5 295.4 0.459105594 8514.15 0.925788728 8627.4 0.722078559

12-Feb-15 1536518 1.87 65.2 301.1 1.929587001 8654.3 1.646083285 8711.55 0.975380764

13-Feb-15 1833969 1.57 61.2 304.85 1.245433411 8759 1.209803219 8805.5 1.078453318

16-Feb-15 1963435 1.95 66.1 307.85 0.984090536 8792.55 0.383034593 8809.35 0.043722673

18-Feb-15 1414691 2.14 68.2 302.45 -1.754101023 8884.85 1.049752347 8869.1 0.678256625

19-Feb-15 1595252 1.95 66.1 301.75 -0.231443214 8871.65 -0.148567505 8895.3 0.295407651

20-Feb-15 1225568 1.68 62.6 295.05 -2.22038111 8874.65 0.033815581 8833.6 -0.693624723

23-Feb-15 1685643 1.91 65.7 296 0.321979326 8804.15 -0.794397526 8754.95 -0.89035048

24-Feb-15 4453989 2.4 70.6 289.45 -2.212837838 8777.7 -0.300426503 8762.1 0.081668085

25-Feb-15 3876175 1.33 57 269.55 -6.875107963 8781.3 0.041013022 8767.25 0.058775864

26-Feb-15 4082520 2.19 68.6 271.55 0.74197737 8640.7 -1.601129673 8683.85 -0.951267501

27-Feb-15 2221382 3.09 75.6 271 -0.202540969 8841.8 2.327357737 8844.6 1.851137456

28-Feb-15 1782227 3.07 75.4 282 4.05904059 8935.35 1.05804248 8901.85 0.647287611

2-Mar-15 2338796 1.88 65.3 278.35 -1.294326241 8919.55 -0.176825754 8956.75 0.616725737

3-Mar-15 7675974 1.57 61 272 -2.281300521 8838.8 -0.90531473 8996.25 0.441008178

4-Mar-15 2015273 1.41 58.6 293.2 7.794117647 8777.85 -0.689573245 8922.65 -0.818118661

5-Mar-15 1646495 0.89 47.1 289.3 -1.330150068 8825.65 0.544552482 8937.75 0.169232235

9-Mar-15 1605505 0.78 43.9 292.35 1.054268925 8727.05 -1.117198167 8756.75 -2.025118179

10-Mar-15 1532750 0.78 43.9 286.95 -1.847101077 8756.4 0.336310666 8712.05 -0.510463357

11-Mar-15 2219295 0.78 43.9 295 2.805366789 8761.5 0.058243114 8699.95 -0.138888092

12-Mar-15 1353664 0.86 46.2 285.25 -3.305084746 8851.65 1.028933402 8776 0.874142955

13-Mar-15 1532733 0.91 47.6 289.65 1.542506573 8721.75 -1.467523004 8647.75 -1.461371923

16-Mar-15 1987381 0.85 45.8 277.7 -4.125668911 8697.85 -0.274027575 8633.15 -0.168830042

17-Mar-15 1641187 0.93 48.1 274.15 -1.27835794 8807.4 1.25950666 8723.3 1.044230669

18-Mar-15 1109210 0.68 40.5 283.25 3.31935072 8748.75 -0.665917297 8685.9 -0.428736831

19-Mar-15 1789604 0.6 37.3 278.85 -1.553398058 8719.55 -0.333761966 8634.65 -0.590036726

20-Mar-15 1757867 0.65 39.3 273.35 -1.972386588 8585.95 -1.532189161 8570.9 -0.73830439

23-Mar-15 2058386 0.66 39.8 268.45 -1.792573624 8597.8 0.138016178 8550.9 -0.233347723

24-Mar-15 3054024 0.68 40.3 266.55 -0.707766809 8480.8 -1.360813231 8542.95 -0.09297267

25-Mar-15 1821346 0.62 38.3 259.9 -2.494841493 8515.65 0.410928214 8530.8 -0.142222534

26-Mar-15 2812025 0.94 48.5 259.4 -0.192381685 8385.35 -1.530123948 8342.15 -2.211398696

27-Mar-15 2210673 0.89 47 266.45 2.717810332 8435 0.592104086 8341.4 -0.008990488

30-Mar-15 2205124 0.76 43.3 271.95 2.064177144 8574.45 1.653230587 8492.3 1.809048841

31-Mar-15 1863590 0.8 44.4 266.3 -2.077587792 8621.75 0.551638881 8491 -0.015307985



69

DATE VOLUME RS RSI

STOCK

PRICE

DAILY

RETURNS (%)

NIFTY AUTO

INDEX

DAILY

RETURNS (%) BETA

NIFTY

INDEX

DAILY

RETURNS (%) BETA

1-Jan-15 3402919 0.68 40.6 268.45 8318.8 0.046 8284 0.088

2-Jan-15 4469469 0.77 43.6 277.55 3.389830508 8365.4 0.560176949 8395.45 1.345364558

5-Jan-15 2662119 0.68 40.5 267.45 -3.638983967 8467.95 1.225882803 8378.4 -0.203086195

6-Jan-15 4281631 0.7 41.3 270.9 1.28996074 8248.2 -2.595079092 8127.35 -2.996395493

7-Jan-15 5465436 0.76 43 268.05 -1.052048726 8254.7 0.078805073 8102.1 -0.310679373

8-Jan-15 6558340 0.59 37.1 278.3 3.823913449 8397.3 1.727500697 8234.6 1.635378482

9-Jan-15 4546016 0.58 36.7 296.2 6.431908013 8397 -0.003572577 8284.5 0.605979647

12-Jan-15 2950576 0.54 35.2 296.5 0.101282917 8409.55 0.14945814 8323 0.464723278

13-Jan-15 4856296 0.59 36.9 299.5 1.011804384 8398.8 -0.127830859 8299.4 -0.283551604

14-Jan-15 3127154 0.59 37.1 308.95 3.155258765 8427.7 0.344096776 8277.55 -0.263272044

15-Jan-15 4089886 0.7 41.3 307.9 -0.339860819 8614.7 2.218873477 8494.15 2.616716299

16-Jan-15 2772948 0.57 36.2 316.05 2.6469633 8623.6 0.103311781 8513.8 0.231335684

19-Jan-15 3061675 0.57 36.3 320.15 1.297263091 8694.9 0.826800872 8550.7 0.433413987

20-Jan-15 2235687 0.6 37.6 308.85 -3.529595502 8760.9 0.759065659 8695.6 1.694598103

21-Jan-15 2976914 0.96 48.9 308.95 0.032378177 8779.95 0.217443413 8729.5 0.389852339

22-Jan-15 3300030 0.96 49 300.65 -2.686518854 8842 0.706723842 8761.4 0.365427573

23-Jan-15 2822168 1.07 51.6 300.6 -0.016630634 8983.1 1.595792807 8835.6 0.846896615

27-Jan-15 2597322 0.75 42.8 306.45 1.946107784 9099.6 1.296879696 8910.5 0.847707003

28-Jan-15 2605964 0.72 41.8 308.4 0.636319139 9043.15 -0.620356939 8914.3 0.042646316

29-Jan-15 1590269 0.85 45.9 312 1.167315175 9049.7 0.072430514 8952.35 0.426842265

30-Jan-15 2215039 0.95 48.8 310.1 -0.608974359 8930.85 -1.313303203 8808.9 -1.602372561

2-Feb-15 4440110 1.11 52.7 308.2 -0.612705579 8976.1 0.506670698 8797.4 -0.130549785

3-Feb-15 7571501 0.9 47.4 285.25 -7.446463335 8919.7 -0.628335246 8756.55 -0.464341737

4-Feb-15 3918011 1.43 58.8 285.25 0 8812.5 -1.201834142 8723.7 -0.375147747

5-Feb-15 2726129 1.71 63.1 294.4 3.207712533 8749.65 -0.713191489 8711.7 -0.137556312

6-Feb-15 2151139 1.65 62.2 293.5 -0.305706522 8496.3 -2.895544393 8661.05 -0.581402023

9-Feb-15 2036620 1.64 62.1 293.6 0.03407155 8294.45 -2.375740028 8526.35 -1.555238684

10-Feb-15 1880898 1.95 66.1 294.05 0.153269755 8436.05 1.707165635 8565.55 0.459751242

11-Feb-15 1926071 1.98 66.5 295.4 0.459105594 8514.15 0.925788728 8627.4 0.722078559

12-Feb-15 1536518 1.87 65.2 301.1 1.929587001 8654.3 1.646083285 8711.55 0.975380764

13-Feb-15 1833969 1.57 61.2 304.85 1.245433411 8759 1.209803219 8805.5 1.078453318

16-Feb-15 1963435 1.95 66.1 307.85 0.984090536 8792.55 0.383034593 8809.35 0.043722673

18-Feb-15 1414691 2.14 68.2 302.45 -1.754101023 8884.85 1.049752347 8869.1 0.678256625

19-Feb-15 1595252 1.95 66.1 301.75 -0.231443214 8871.65 -0.148567505 8895.3 0.295407651

20-Feb-15 1225568 1.68 62.6 295.05 -2.22038111 8874.65 0.033815581 8833.6 -0.693624723

23-Feb-15 1685643 1.91 65.7 296 0.321979326 8804.15 -0.794397526 8754.95 -0.89035048

24-Feb-15 4453989 2.4 70.6 289.45 -2.212837838 8777.7 -0.300426503 8762.1 0.081668085

25-Feb-15 3876175 1.33 57 269.55 -6.875107963 8781.3 0.041013022 8767.25 0.058775864

26-Feb-15 4082520 2.19 68.6 271.55 0.74197737 8640.7 -1.601129673 8683.85 -0.951267501

27-Feb-15 2221382 3.09 75.6 271 -0.202540969 8841.8 2.327357737 8844.6 1.851137456

28-Feb-15 1782227 3.07 75.4 282 4.05904059 8935.35 1.05804248 8901.85 0.647287611

2-Mar-15 2338796 1.88 65.3 278.35 -1.294326241 8919.55 -0.176825754 8956.75 0.616725737

3-Mar-15 7675974 1.57 61 272 -2.281300521 8838.8 -0.90531473 8996.25 0.441008178

4-Mar-15 2015273 1.41 58.6 293.2 7.794117647 8777.85 -0.689573245 8922.65 -0.818118661

5-Mar-15 1646495 0.89 47.1 289.3 -1.330150068 8825.65 0.544552482 8937.75 0.169232235

9-Mar-15 1605505 0.78 43.9 292.35 1.054268925 8727.05 -1.117198167 8756.75 -2.025118179

10-Mar-15 1532750 0.78 43.9 286.95 -1.847101077 8756.4 0.336310666 8712.05 -0.510463357

11-Mar-15 2219295 0.78 43.9 295 2.805366789 8761.5 0.058243114 8699.95 -0.138888092

12-Mar-15 1353664 0.86 46.2 285.25 -3.305084746 8851.65 1.028933402 8776 0.874142955

13-Mar-15 1532733 0.91 47.6 289.65 1.542506573 8721.75 -1.467523004 8647.75 -1.461371923

16-Mar-15 1987381 0.85 45.8 277.7 -4.125668911 8697.85 -0.274027575 8633.15 -0.168830042

17-Mar-15 1641187 0.93 48.1 274.15 -1.27835794 8807.4 1.25950666 8723.3 1.044230669

18-Mar-15 1109210 0.68 40.5 283.25 3.31935072 8748.75 -0.665917297 8685.9 -0.428736831

19-Mar-15 1789604 0.6 37.3 278.85 -1.553398058 8719.55 -0.333761966 8634.65 -0.590036726

20-Mar-15 1757867 0.65 39.3 273.35 -1.972386588 8585.95 -1.532189161 8570.9 -0.73830439

23-Mar-15 2058386 0.66 39.8 268.45 -1.792573624 8597.8 0.138016178 8550.9 -0.233347723

24-Mar-15 3054024 0.68 40.3 266.55 -0.707766809 8480.8 -1.360813231 8542.95 -0.09297267

25-Mar-15 1821346 0.62 38.3 259.9 -2.494841493 8515.65 0.410928214 8530.8 -0.142222534

26-Mar-15 2812025 0.94 48.5 259.4 -0.192381685 8385.35 -1.530123948 8342.15 -2.211398696

27-Mar-15 2210673 0.89 47 266.45 2.717810332 8435 0.592104086 8341.4 -0.008990488

30-Mar-15 2205124 0.76 43.3 271.95 2.064177144 8574.45 1.653230587 8492.3 1.809048841

31-Mar-15 1863590 0.8 44.4 266.3 -2.077587792 8621.75 0.551638881 8491 -0.015307985

Analysis of TVS Motor Co. Ltd. for the period 1 January 2015 to 31 March 2015 (Table 17) showed following results:



lowest the year.




MACD (12, 26, 9) was (17, 14.51, 4.15) (16-01, 22-

01, 16-01) means highest of the year and MACD

(12, 26, 9) was (-6.62, -5.59, -4.55) (25-03, 31-03,

26-02) means lowest the year.



lowest the year.




TVS Motor Co.’s Return (0.046) is less responsive






Table 18: TVS Motor Co. Ltd. for the period 1 April 2015 to 30 June 2015

DATE VOLUME RS RSI

STOCK

PRICE

DAILY

RETURNS (%)

NIFTY AUTO

INDEX

DAILY

RETURNS (%) BETA

NIFTY

INDEX

DAILY

RETURNS (%) BETA

1-Apr-15 3411924 0.84 45.67 263.85 8710.75 0.046 8586.25 0.223

6-Apr-15 3157618 0.73 42.15 254.8 -3.429979155 8792 0.932755503 8659.9 0.857766778

7-Apr-15 1796361 0.71 41.58 252.75 -0.80455259 8794.5 0.028434941 8660.3 0.004618991

8-Apr-15 2286056 0.59 36.99 255.4 1.048466864 8838.75 0.503155381 8714.4 0.624689676

9-Apr-15 2432885 0.71 41.47 251.05 -1.70321065 8848.15 0.10634988 8778.3 0.733269072

10-Apr-15 1932969 0.85 45.96 250.6 -0.179247162 8879 0.348660454 8780.35 0.023353041

13-Apr-15 3447397 0.78 43.81 256.95 2.533918595 8817.85 -0.688703683 8834 0.611023479

15-Apr-15 3397244 0.7 41.33 254.85 -0.817279626 8682 -1.540624982 8750.2 -0.948607652

16-Apr-15 2792944 0.65 39.48 251.3 -1.392976261 8666.4 -0.179682101 8706.7 -0.497131494

17-Apr-15 2479115 0.68 40.58 244.7 -2.626343016 8558.2 -1.248499954 8606 -1.156580564

20-Apr-15 2053951 0.68 40.55 244.45 -0.102165917 8398.6 -1.864878129 8448.1 -1.834766442

21-Apr-15 2717826 0.68 40.39 234.3 -4.15217836 8284.9 -1.353797061 8377.75 -0.83273162

22-Apr-15 2385390 0.88 46.74 238.15 1.643192488 8280.3 -0.055522698 8429.7 0.620094894

23-Apr-15 2601630 0.99 49.75 237.7 -0.18895654 8228.8 -0.621958142 8398.3 -0.372492497

24-Apr-15 1720122 0.88 46.8 233.55 -1.745898191 8164.45 -0.782009528 8305.25 -1.107962326

27-Apr-15 2428785 0.92 47.8 232.15 -0.599443374 8118.65 -0.560968589 8213.8 -1.101110743

28-Apr-15 1817196 0.75 42.97 229.1 -1.313805729 8315.4 2.423432467 8285.6 0.874138645

29-Apr-15 5715580 0.77 43.65 228 -0.480139677 8278.5 -0.443754961 8239.75 -0.553369702

30-Apr-15 4551737 0.61 38.06 236.95 3.925438596 8188.2 -1.090777315 8181.5 -0.706938924

4-May-15 2812312 0.47 32.14 235.65 -0.548638953 8330.2 1.734202877 8331.95 1.838904846

5-May-15 1661252 0.49 32.69 249.65 5.941014216 8327.2 -0.036013541 8324.8 -0.085814245

6-May-15 2971373 0.35 25.76 240.35 -3.725215301 8089.85 -2.850297819 8097 -2.736402076

7-May-15 4412971 0.42 29.59 226.25 -5.866444768 7986.25 -1.28061707 8057.3 -0.490305051

8-May-15 3553277 0.53 34.54 215.3 -4.839779006 8199.25 2.667084051 8191.5 1.665570352

11-May-15 1396761 0.57 36.38 220.6 2.461681375 8427.55 2.784401012 8325.25 1.632790087

12-May-15 2052333 0.7 41.08 227.05 2.923844062 8277.5 -1.780470006 8126.95 -2.381910453

13-May-15 2330921 0.66 39.76 222.6 -1.959920722 8413.4 1.64180006 8235.45 1.3350642

14-May-15 1711307 0.58 36.68 220.1 -1.123090746 8485.5 0.856966268 8224.2 -0.136604557

15-May-15 1084375 0.6 37.61 224.2 1.862789641 8539.55 0.636968947 8262.35 0.463874906

18-May-15 1229626 0.69 40.81 221.3 -1.293487957 8600.05 0.708468245 8373.65 1.34707438

19-May-15 1658986 0.71 41.55 224.15 1.287844555 8531.3 -0.799413957 8365.65 -0.095537788

20-May-15 1097207 0.84 45.63 222.05 -0.93687263 8484.8 -0.545051751 8423.25 0.688529881

21-May-15 3140021 0.86 46.15 220.35 -0.765593335 8549.6 0.76371865 8421 -0.02671178

22-May-15 1602898 0.84 45.58 229.65 4.220558203 8581.65 0.374871339 8458.95 0.450659067

25-May-15 1310422 0.86 46.15 227.2 -1.066840845 8565.1 -0.192853356 8370.25 -1.048593502

26-May-15 2134624 1 50.02 230.25 1.342429577 8548.15 -0.197896113 8339.35 -0.369164601

27-May-15 1515556 0.99 49.85 235.05 2.084690554 8369.9 -2.085246515 8334.6 -0.056958876

28-May-15 2349545 0.75 43 236.2 0.489257605 8379.3 0.112307196 8319 -0.18717155

29-May-15 1068596 0.58 36.72 235.8 -0.16934801 8536.75 1.879035242 8433.65 1.378170453

1-Jun-15 910187 0.52 34.23 238.15 0.996607294 8509.35 -0.320965239 8433.4 -0.002964316

2-Jun-15 2469444 0.6 37.41 236.65 -0.629855133 8325.05 -2.165852856 8236.45 -2.335357033

3-Jun-15 2248021 0.49 32.93 224.55 -5.113036129 8191.6 -1.602993375 8135.1 -1.230505861

4-Jun-15 1617317 0.84 45.62 221.65 -1.291471833 8130.45 -0.746496411 8130.65 -0.054701233

5-Jun-15 1025840 0.83 45.4 226.25 2.075344011 8092.3 -0.469223721 8114.7 -0.196171278

8-Jun-15 1316073 0.82 45.17 223.15 -1.370165746 8006.15 -1.064592267 8044.15 -0.869409836

9-Jun-15 1115650 0.78 43.81 218.8 -1.949361416 7953.65 -0.655745895 8022.4 -0.270382825

10-Jun-15 848524 0.85 45.84 218.75 -0.02285192 8104.05 1.890955725 8124.45 1.272063223

11-Jun-15 2461454 0.8 44.37 224 2.4 7909 -2.406821281 7965.35 -1.958286407

12-Jun-15 1323415 0.95 48.71 227.05 1.361607143 7905.25 -0.047414338 7982.9 0.220329301

15-Jun-15 868874 1.01 50.15 224.6 -1.079057476 7996.2 1.150501249 8013.9 0.388330055

16-Jun-15 889606 0.95 48.71 226.7 0.934995548 8090.85 1.183687251 8047.3 0.416775852

17-Jun-15 1180154 1.09 52.12 228.1 0.617556242 8160.95 0.866410822 8091.55 0.549873871

18-Jun-15 1169734 1.07 51.78 231.5 1.49057431 8258.65 1.197164546 8174.6 1.026379371

19-Jun-15 1246683 1.19 54.42 231.7 0.086393089 8305.35 0.565467722 8224.95 0.615932278

22-Jun-15 1200444 1.32 56.94 239.45 3.344842469 8400.7 1.148055169 8353.1 1.558064183

23-Jun-15 1012795 1.2 54.52 245.05 2.338692838 8405.8 0.060709227 8381.55 0.340592116

24-Jun-15 1391070 0.69 40.95 242.95 -0.856967966 8326.95 -0.93804278 8360.85 -0.246971026

25-Jun-15 2133914 0.65 39.41 239.85 -1.275982712 8395.95 0.828634734 8398 0.444332813

26-Jun-15 1310125 0.7 41.27 238.6 -0.521159058 8447.2 0.610413354 8381.1 -0.20123839

29-Jun-15 1129446 0.62 38.15 245.2 2.766135792 8325.05 -1.446041292 8318.4 -0.748111823

30-Jun-15 1237069 0.46 31.31 241.65 -1.447797716 8383.25 0.6990949 8368.5 0.602279284



70

DATE VOLUME RS RSI

STOCK

PRICE

DAILY

RETURNS (%)

NIFTY AUTO

INDEX

DAILY

RETURNS (%) BETA

NIFTY

INDEX

DAILY

RETURNS (%) BETA

1-Apr-15 3411924 0.84 45.67 263.85 8710.75 0.046 8586.25 0.223

6-Apr-15 3157618 0.73 42.15 254.8 -3.429979155 8792 0.932755503 8659.9 0.857766778

7-Apr-15 1796361 0.71 41.58 252.75 -0.80455259 8794.5 0.028434941 8660.3 0.004618991

8-Apr-15 2286056 0.59 36.99 255.4 1.048466864 8838.75 0.503155381 8714.4 0.624689676

9-Apr-15 2432885 0.71 41.47 251.05 -1.70321065 8848.15 0.10634988 8778.3 0.733269072

10-Apr-15 1932969 0.85 45.96 250.6 -0.179247162 8879 0.348660454 8780.35 0.023353041

13-Apr-15 3447397 0.78 43.81 256.95 2.533918595 8817.85 -0.688703683 8834 0.611023479

15-Apr-15 3397244 0.7 41.33 254.85 -0.817279626 8682 -1.540624982 8750.2 -0.948607652

16-Apr-15 2792944 0.65 39.48 251.3 -1.392976261 8666.4 -0.179682101 8706.7 -0.497131494

17-Apr-15 2479115 0.68 40.58 244.7 -2.626343016 8558.2 -1.248499954 8606 -1.156580564

20-Apr-15 2053951 0.68 40.55 244.45 -0.102165917 8398.6 -1.864878129 8448.1 -1.834766442

21-Apr-15 2717826 0.68 40.39 234.3 -4.15217836 8284.9 -1.353797061 8377.75 -0.83273162

22-Apr-15 2385390 0.88 46.74 238.15 1.643192488 8280.3 -0.055522698 8429.7 0.620094894

23-Apr-15 2601630 0.99 49.75 237.7 -0.18895654 8228.8 -0.621958142 8398.3 -0.372492497

24-Apr-15 1720122 0.88 46.8 233.55 -1.745898191 8164.45 -0.782009528 8305.25 -1.107962326

27-Apr-15 2428785 0.92 47.8 232.15 -0.599443374 8118.65 -0.560968589 8213.8 -1.101110743

28-Apr-15 1817196 0.75 42.97 229.1 -1.313805729 8315.4 2.423432467 8285.6 0.874138645

29-Apr-15 5715580 0.77 43.65 228 -0.480139677 8278.5 -0.443754961 8239.75 -0.553369702

30-Apr-15 4551737 0.61 38.06 236.95 3.925438596 8188.2 -1.090777315 8181.5 -0.706938924

4-May-15 2812312 0.47 32.14 235.65 -0.548638953 8330.2 1.734202877 8331.95 1.838904846

5-May-15 1661252 0.49 32.69 249.65 5.941014216 8327.2 -0.036013541 8324.8 -0.085814245

6-May-15 2971373 0.35 25.76 240.35 -3.725215301 8089.85 -2.850297819 8097 -2.736402076

7-May-15 4412971 0.42 29.59 226.25 -5.866444768 7986.25 -1.28061707 8057.3 -0.490305051

8-May-15 3553277 0.53 34.54 215.3 -4.839779006 8199.25 2.667084051 8191.5 1.665570352

11-May-15 1396761 0.57 36.38 220.6 2.461681375 8427.55 2.784401012 8325.25 1.632790087

12-May-15 2052333 0.7 41.08 227.05 2.923844062 8277.5 -1.780470006 8126.95 -2.381910453

13-May-15 2330921 0.66 39.76 222.6 -1.959920722 8413.4 1.64180006 8235.45 1.3350642

14-May-15 1711307 0.58 36.68 220.1 -1.123090746 8485.5 0.856966268 8224.2 -0.136604557

15-May-15 1084375 0.6 37.61 224.2 1.862789641 8539.55 0.636968947 8262.35 0.463874906

18-May-15 1229626 0.69 40.81 221.3 -1.293487957 8600.05 0.708468245 8373.65 1.34707438

19-May-15 1658986 0.71 41.55 224.15 1.287844555 8531.3 -0.799413957 8365.65 -0.095537788

20-May-15 1097207 0.84 45.63 222.05 -0.93687263 8484.8 -0.545051751 8423.25 0.688529881

21-May-15 3140021 0.86 46.15 220.35 -0.765593335 8549.6 0.76371865 8421 -0.02671178

22-May-15 1602898 0.84 45.58 229.65 4.220558203 8581.65 0.374871339 8458.95 0.450659067

25-May-15 1310422 0.86 46.15 227.2 -1.066840845 8565.1 -0.192853356 8370.25 -1.048593502

26-May-15 2134624 1 50.02 230.25 1.342429577 8548.15 -0.197896113 8339.35 -0.369164601

27-May-15 1515556 0.99 49.85 235.05 2.084690554 8369.9 -2.085246515 8334.6 -0.056958876

28-May-15 2349545 0.75 43 236.2 0.489257605 8379.3 0.112307196 8319 -0.18717155

29-May-15 1068596 0.58 36.72 235.8 -0.16934801 8536.75 1.879035242 8433.65 1.378170453

1-Jun-15 910187 0.52 34.23 238.15 0.996607294 8509.35 -0.320965239 8433.4 -0.002964316

2-Jun-15 2469444 0.6 37.41 236.65 -0.629855133 8325.05 -2.165852856 8236.45 -2.335357033

3-Jun-15 2248021 0.49 32.93 224.55 -5.113036129 8191.6 -1.602993375 8135.1 -1.230505861

4-Jun-15 1617317 0.84 45.62 221.65 -1.291471833 8130.45 -0.746496411 8130.65 -0.054701233

5-Jun-15 1025840 0.83 45.4 226.25 2.075344011 8092.3 -0.469223721 8114.7 -0.196171278

8-Jun-15 1316073 0.82 45.17 223.15 -1.370165746 8006.15 -1.064592267 8044.15 -0.869409836

9-Jun-15 1115650 0.78 43.81 218.8 -1.949361416 7953.65 -0.655745895 8022.4 -0.270382825

10-Jun-15 848524 0.85 45.84 218.75 -0.02285192 8104.05 1.890955725 8124.45 1.272063223

11-Jun-15 2461454 0.8 44.37 224 2.4 7909 -2.406821281 7965.35 -1.958286407

12-Jun-15 1323415 0.95 48.71 227.05 1.361607143 7905.25 -0.047414338 7982.9 0.220329301

15-Jun-15 868874 1.01 50.15 224.6 -1.079057476 7996.2 1.150501249 8013.9 0.388330055

16-Jun-15 889606 0.95 48.71 226.7 0.934995548 8090.85 1.183687251 8047.3 0.416775852

17-Jun-15 1180154 1.09 52.12 228.1 0.617556242 8160.95 0.866410822 8091.55 0.549873871

18-Jun-15 1169734 1.07 51.78 231.5 1.49057431 8258.65 1.197164546 8174.6 1.026379371

19-Jun-15 1246683 1.19 54.42 231.7 0.086393089 8305.35 0.565467722 8224.95 0.615932278

22-Jun-15 1200444 1.32 56.94 239.45 3.344842469 8400.7 1.148055169 8353.1 1.558064183

23-Jun-15 1012795 1.2 54.52 245.05 2.338692838 8405.8 0.060709227 8381.55 0.340592116

24-Jun-15 1391070 0.69 40.95 242.95 -0.856967966 8326.95 -0.93804278 8360.85 -0.246971026

25-Jun-15 2133914 0.65 39.41 239.85 -1.275982712 8395.95 0.828634734 8398 0.444332813

26-Jun-15 1310125 0.7 41.27 238.6 -0.521159058 8447.2 0.610413354 8381.1 -0.20123839

29-Jun-15 1129446 0.62 38.15 245.2 2.766135792 8325.05 -1.446041292 8318.4 -0.748111823

30-Jun-15 1237069 0.46 31.31 241.65 -1.447797716 8383.25 0.6990949 8368.5 0.602279284

Analysis of TVS Motor Co. Ltd. for the period 1 April

2015 to 30 June 2015 (Table 18) showed following results:



lowest the year.




MACD (12, 26, 9) was (3.61, 1.89, 2.85) (30-06,


MACD (12, 26, 9) was (-10.97, -10.21, -1.59) (28-




lowest the year.












71

Table 19: TVS Motor Co. Ltd. for the period 1 July 2015 to 30 September 2015

DATE VOLUME RS RSI

STOCK

PRICE

DAILY

RETURNS (%)

NIFTY AUTO

INDEX

DAILY

RETURNS (%) BETA

NIFTY

INDEX

DAILY

RETURNS (%) BETA

1-Jul-15 910674 0.63 38.8 244.1 8482.45 0.039 8453.05 0.117

2-Jul-15 3674989 0.69 40.78 245.95 0.757886112 8528.6 0.54406451 8444.9 -0.096414903

3-Jul-15 2072543 0.71 41.69 257.3 4.614759097 8493.5 -0.41155641 8484.9 0.473658658

6-Jul-15 2088781 0.59 36.93 257.65 0.136027983 8517.95 0.287867193 8522.15 0.439015192

7-Jul-15 2130307 0.61 37.91 264.75 2.755676305 8488.9 -0.3410445 8510.8 -0.133182354

8-Jul-15 1609598 0.54 34.89 270.25 2.077431539 8287.3 -2.374866001 8363.05 -1.736029515

9-Jul-15 978448 0.51 33.9 264.35 -2.183163737 8248.55 -0.467582928 8328.55 -0.412528922

10-Jul-15 791249 0.59 37.09 258.4 -2.250803859 8234.1 -0.175182305 8360.55 0.384220543

13-Jul-15 1765710 0.71 41.66 257.15 -0.48374613 8370.75 1.659562065 8459.65 1.185328716

14-Jul-15 829584 0.66 39.62 270.7 5.269298075 8305.7 -0.777110773 8454.1 -0.065605551

15-Jul-15 1430294 0.57 36.48 266.5 -1.551533062 8403.2 1.173892628 8523.8 0.824452041

16-Jul-15 761018 0.6 37.67 267.8 0.487804878 8434.55 0.373072163 8608.05 0.988408926

17-Jul-15 1051770 0.75 42.85 266.7 -0.410754294 8473.9 0.466533484 8609.85 0.020910659

20-Jul-15 1278798 0.67 40.25 263.25 -1.293588301 8476.35 0.028912307 8603.45 -0.074333467

21-Jul-15 914013 0.67 40.14 263.8 0.208926876 8440.45 -0.423531355 8529.45 -0.860120068

22-Jul-15 1184053 0.7 41.22 258.4 -2.047005307 8538.8 1.165222233 8633.5 1.219891083

23-Jul-15 2244281 0.69 40.7 263.7 2.051083591 8581.35 0.49831358 8589.8 -0.506167835

24-Jul-15 4173349 0.81 44.75 263.1 -0.227531286 8472.05 -1.273692368 8521.55 -0.794547021

27-Jul-15 4121860 0.63 38.55 251.55 -4.389965792 8305.65 -1.9641055 8361 -1.884046916

28-Jul-15 3326656 0.84 45.52 241.1 -4.154243689 8259.5 -0.555645856 8337 -0.287047004

29-Jul-15 1824345 0.96 49.06 232.35 -3.629199502 8368.9 1.324535383 8375.05 0.456399184

30-Jul-15 4168436 1.02 50.45 235.1 1.183559286 8387.5 0.222251431 8421.8 0.558205623

31-Jul-15 1355682 1.11 52.55 236.2 0.467886006 8544.85 1.876005961 8532.85 1.318601724

3-Aug-15 1573588 1.39 58.16 238 0.762066046 8609.65 0.758351522 8543.05 0.119538021

4-Aug-15 1611404 2.67 72.72 230.1 -3.319327731 8703.6 1.091217413 8516.9 -0.306096769

5-Aug-15 1451994 2.88 74.25 233.3 1.390699696 8795.45 1.055310446 8567.95 0.599396494

6-Aug-15 1337074 2.51 71.51 235 0.728675525 8796.95 0.017054272 8588.65 0.241598049

7-Aug-15 1247676 2.93 74.57 237.8 1.191489362 8803 0.068773836 8564.6 -0.280020725

10-Aug-15 995722 3.1 75.61 239.6 0.756938604 8745.6 -0.652050437 8525.6 -0.455362772

11-Aug-15 2238455 2.91 74.43 233.95 -2.358096828 8619.25 -1.444726491 8462.35 -0.741883269

12-Aug-15 1906887 2.93 74.54 223.25 -4.573626843 8407.15 -2.460770949 8349.45 -1.334144771

13-Aug-15 982107 3.67 78.59 223.4 0.06718925 8441.55 0.409175523 8355.85 0.076651756

14-Aug-15 934036 4.79 82.74 225.55 0.962399284 8642.1 2.37574853 8518.55 1.947138831

17-Aug-15 896480 4.48 81.76 230.2 2.061627134 8615.45 -0.308374122 8477.3 -0.484237341

18-Aug-15 1106748 3.73 78.87 230.25 0.021720243 8662.55 0.54669228 8466.55 -0.126809244

19-Aug-15 870703 4.01 80.06 230.85 0.260586319 8703.3 0.470415755 8495.15 0.33779993

20-Aug-15 1326677 4.45 81.64 229.9 -0.411522634 8553.55 -1.720611722 8372.75 -1.440822116

21-Aug-15 849388 3.33 76.92 231.7 0.782949108 8381.7 -2.00910733 8299.95 -0.869487325

24-Aug-15 2556175 3.33 76.92 229.5 -0.949503669 7773.45 -7.256881062 7809 -5.915095874

25-Aug-15 1507013 2.58 72.06 215.75 -5.991285403 7920.35 1.889765805 7880.7 0.918171341

26-Aug-15 823734 3.81 79.22 223.75 3.707995365 7882.1 -0.482933204 7791.85 -1.127437918

27-Aug-15 1018074 2.72 73.12 228.35 2.055865922 7952.35 0.891259943 7948.95 2.016209244

28-Aug-15 793142 2.51 71.55 226.5 -0.810159842 8023.3 0.892189101 8001.95 0.666754729

31-Aug-15 1048835 2.13 68.02 221.1 -2.38410596 7948.55 -0.931661536 7971.3 -0.383031636

1-Sep-15 1878887 2.11 67.87 223.65 1.153324288 7745.4 -2.555812066 7785.85 -2.326471215

2-Sep-15 1011683 1.77 63.91 216.85 -3.040465012 7638.7 -1.377591861 7717 -0.884296512

3-Sep-15 1005268 1.69 62.84 221.6 2.190454231 7738.6 1.307814157 7823 1.373590774

4-Sep-15 1128234 1.53 60.45 221.55 -0.022563177 7559.45 -2.31501822 7655.05 -2.146874601

7-Sep-15 701610 1.39 58.11 223.2 0.744752877 7464.3 -1.258689455 7558.8 -1.257339926

8-Sep-15 832198 1.29 56.41 218.35 -2.172939068 7589 1.670618812 7688.25 1.712573424

9-Sep-15 940053 1.15 53.52 220.7 1.076253721 7814.85 2.976017921 7818.6 1.695444347

10-Sep-15 827567 1.36 57.59 227.1 2.899864069 7875.85 0.780565206 7788.1 -0.390095414

11-Sep-15 998844 1.15 53.53 229.25 0.946719507 7857.45 -0.233625577 7789.3 0.015408123

14-Sep-15 509548 1.34 57.33 234.35 2.224645583 7890.75 0.423801615 7872.25 1.064922394

15-Sep-15 638886 0.91 47.6 231.7 -1.130787284 7766.2 -1.578430441 7829.1 -0.548127918

16-Sep-15 4586697 0.97 49.36 232.3 0.258955546 7799.1 0.423630604 7899.15 0.894738859

18-Sep-15 1011560 1.13 52.99 233.4 0.473525613 7842.55 0.557115565 7981.9 1.047581069

21-Sep-15 516615 1.33 57.15 235.85 1.049700086 7848.75 0.079055919 7977.1 -0.060136058

22-Sep-15 561201 1.23 55.21 233.8 -0.869196523 7709.85 -1.769708552 7812 -2.069674443

23-Sep-15 539354 1.11 52.65 230.8 -1.28314799 7705.55 -0.05577281 7845.95 0.434587814

24-Sep-15 1261571 0.85 46.07 230.35 -0.194974003 7721.25 0.203749246 7868.5 0.287409428

28-Sep-15 431335 0.8 44.39 235.95 2.431083134 7584.25 -1.774324106 7795.7 -0.925208108

29-Sep-15 570692 0.85 46.06 232.15 -1.610510701 7648.2 0.843194779 7843.3 0.610593019

30-Sep-15 495259 0.87 46.52 229.5 -1.141503338 7759.6 1.456551868 7948.9 1.346372063

Analysis of TVS Motor Co. Ltd. for the period 1 July 2015

to 30 September 2015 (Table 19) showed following

results:



lowest the year.




MACD (12, 26, 9) was (8.91, 8.11, 3.20) (15-07,


MACD (12, 26, 9) was (-6.36, -5.43, -4.64) (13-08,




lowest the year.



72










Table 20: TVS Motor Co. Ltd. for the period 1 October 2015 to 31 December 2015

DATE VOLUME RS RSI

STOCK

PRICE

DAILY

RETURNS (%)

NIFTY AUTO

INDEX

DAILY

RETURNS (%) BETA

NIFTY

INDEX

DAILY

RETURNS (%) BETA

1-Oct-15 423877 0.76 43.05 230.05 7731.55 -0.246 7950.9 -0.367

5-Oct-15 536789 0.81 44.84 229.65 -0.173875245 7890.45 2.055215319 8119.3 2.11799922

6-Oct-15 666173 0.85 46.08 229.6 -0.021772262 7947.65 0.724926969 8152.9 0.413828778

7-Oct-15 4895587 0.73 42.3 230.25 0.283101045 8064.05 1.464583871 8177.4 0.300506568

8-Oct-15 2069303 1.03 50.76 241.4 4.842562432 8021.75 -0.524550319 8129.35 -0.587595079

9-Oct-15 956881 0.56 35.94 240.45 -0.393537697 8051.2 0.367126874 8189.7 0.742371776

12-Oct-15 763140 0.47 31.77 239.35 -0.457475567 8062.6 0.1415938 8143.6 -0.562902182

13-Oct-15 1209582 0.39 28.24 238.85 -0.208899102 8078.2 0.193485972 8131.7 -0.14612702

14-Oct-15 647563 0.33 24.99 243 1.73749215 8010.55 -0.837439033 8107.9 -0.292681727

15-Oct-15 920175 0.32 24.49 242.55 -0.185185185 8193.4 2.282614802 8179.5 0.883089333

16-Oct-15 1031615 0.26 20.65 243.2 0.267985982 8266.65 0.894012254 8238.15 0.717036494

19-Oct-15 802454 0.33 24.61 247.55 1.788651316 8245.55 -0.25524245 8275.05 0.447916098

20-Oct-15 702116 0.35 25.67 246.95 -0.242375278 8265.4 0.240735912 8261.65 -0.161932556

21-Oct-15 1599074 0.23 18.94 245.95 -0.404940271 8285.15 0.238947903 8251.7 -0.12043599

23-Oct-15 1342204 0.18 14.98 253.25 2.968082944 8228.3 -0.68616742 8295.45 0.530193778

26-Oct-15 689974 0.13 11.82 250.3 -1.164856861 8232.25 0.048005056 8260.55 -0.420712559

27-Oct-15 12287024 0.2 16.79 244.75 -2.217339193 8272.35 0.487108628 8232.9 -0.334723475

28-Oct-15 6943408 0.35 25.8 276.85 13.1154239 8206.15 -0.800256275 8171.2 -0.749432156

29-Oct-15 4831553 0.16 14.13 271.7 -1.860213112 8195.9 -0.12490632 8111.75 -0.727555316

30-Oct-15 2209161 0.21 17.28 264 -2.834008097 8091.95 -1.268317085 8065.8 -0.566462231

2-Nov-15 3519564 0.29 22.24 265.5 0.568181818 8097.1 0.063643498 8050.8 -0.185970394

3-Nov-15 9209143 0.36 26.37 273.75 3.107344633 8102.9 0.071630584 8060.7 0.122969146

4-Nov-15 1521212 0.4 28.64 287.9 5.168949772 8235.75 1.639536462 8040.2 -0.254320344

5-Nov-15 1380939 0.34 25.52 285.7 -0.76415422 8194.15 -0.505114895 7955.45 -1.054078257

6-Nov-15 1541927 0.37 26.91 281.2 -1.575078754 8144.45 -0.606530269 7954.3 -0.014455499

9-Nov-15 5770018 0.33 24.74 283.3 0.746799431 8246.2 1.24931702 7915.2 -0.491558025

10-Nov-15 2947433 0.34 25.37 289.75 2.27673844 8257.7 0.139458175 7783.35 -1.665782292

11-Nov-15 412334 0.4 28.79 296.6 2.364106989 8303.95 0.560083316 7825 0.535116627

13-Nov-15 2255776 0.48 32.21 296.55 -0.016857721 8178.3 -1.513135315 7762.25 -0.801916933

16-Nov-15 1088647 0.39 28.24 296.45 -0.033721126 8190.35 0.147341134 7806.6 0.571354955

17-Nov-15 1170928 0.35 26.13 295.8 -0.219261258 8252.1 0.753936034 7837.55 0.396459406

18-Nov-15 1222024 0.29 22.18 294 -0.60851927 8181 -0.861598866 7731.8 -1.349273689

19-Nov-15 1606898 0.42 29.71 286.2 -2.653061224 8295.05 1.394083853 7842.75 1.434982798

20-Nov-15 2168672 0.47 32.12 294.15 2.777777778 8339.4 0.534656211 7856.55 0.175958688

23-Nov-15 1304581 0.36 26.57 293.3 -0.288968213 8395.35 0.670911576 7849.25 -0.092916102

24-Nov-15 1892748 0.29 22.74 293.9 0.204568701 8332.9 -0.743864163 7831.6 -0.224862248

26-Nov-15 5014432 0.35 26.11 290.35 -1.207893841 8444.6 1.340469704 7883.8 0.666530466

27-Nov-15 3716288 0.5 33.28 298.1 2.669192354 8443.65 -0.011249793 7942.7 0.747101651

30-Nov-15 1979621 0.46 31.35 305.3 2.41529688 8481.85 0.452410983 7935.25 -0.09379682

1-Dec-15 1391452 0.38 27.56 307 0.556829348 8419 -0.740994005 7954.9 0.247629249

2-Dec-15 4169062 0.38 27.77 304.15 -0.928338762 8416.4 -0.030882528 7931.35 -0.296043948

3-Dec-15 2352362 0.41 29.23 289.2 -4.915337827 8334.65 -0.971317903 7864.15 -0.847270641

4-Dec-15 962933 0.72 41.82 283.5 -1.970954357 8240.7 -1.127221899 7781.9 -1.045885442

7-Dec-15 1235150 0.84 45.75 283.85 0.12345679 8221.5 -0.232989916 7765.4 -0.212030481

8-Dec-15 846591 1.12 52.83 281.75 -0.739827374 8210.35 -0.135620021 7701.7 -0.820305458

9-Dec-15 1262809 1.16 53.76 275.15 -2.342502218 8067.9 -1.735005207 7612.5 -1.158185855

10-Dec-15 1729108 1.3 56.58 270.7 -1.617299655 8085 0.211951065 7683.3 0.930049261

11-Dec-15 1232711 1.2 54.65 278.75 2.973771703 7943.25 -1.753246753 7610.45 -0.948160296

14-Dec-15 866104 1.2 54.55 274 -1.704035874 7964.05 0.261857552 7650.05 0.520337168

15-Dec-15 1980982 1.31 56.79 274.85 0.310218978 8082.35 1.485425129 7700.9 0.664701538

16-Dec-15 992112 1.3 56.55 285.05 3.711115154 8035.6 -0.57842088 7750.9 0.64927476

17-Dec-15 1258680 1.15 53.42 281.9 -1.105069286 8149 1.411220071 7844.35 1.205666439

18-Dec-15 935652 1.18 54.1 287.55 2.004256829 8079.2 -0.856546816 7761.95 -1.050437576

21-Dec-15 1343765 1.25 55.49 286.05 -0.521648409 8154.9 0.936973958 7834.45 0.934043636

22-Dec-15 1661851 1.02 50.48 288.95 1.013808775 8099.65 -0.677506775 7786.1 -0.617146066

23-Dec-15 1470158 1.16 53.64 288.05 -0.311472573 8111 0.140129512 7865.95 1.025545523

24-Dec-15 1087369 0.78 43.85 290.25 0.763756292 8136.6 0.315620762 7861.05 -0.062293811

28-Dec-15 1068883 0.78 43.71 285.45 -1.65374677 8228.4 1.128235381 7925.15 0.815412699

29-Dec-15 2686225 0.71 41.51 285.9 0.157645822 8268.8 0.490982451 7928.95 0.047948619

30-Dec-15 1482887 0.86 46.32 293.15 2.535851696 8240.2 -0.345878483 7896.25 -0.412412741

31-Dec-15 1754040 0.69 40.97 290.25 -0.989254648 8254.75 0.176573384 7946.35 0.634478392



73

Analysis of TVS Motor Co. Ltd. for the period 1 October


results:



lowest the year.

At 11-11-2015 was 21.10% means highest of the

year and at 16-12-2015 ROC was -8.18% means

lowest the year.

MACD (12, 26, 9) was (14.77, 13.09, 3.34) (13-11,


MACD (12, 26, 9) was (-0.02, 0.14, -4.56) (14-12,




lowest the year.




TVS Motor Co.’s beta equivalent to (-0.246) which



0.246) and has negative responsive to NIFTY Auto



TVS Motor Co.’s beta equivalent to (-0.367) which



0.367) and has negative responsive to NIFTY



CONCLUSIONS

Technical analysis is a useful technique in guiding

investment decisions. In light of our study on five

companies, we have seen how technical analysis can be

used to predict the possible futures swings of stock prices.

After analyzing the companies, the following conclusion

was drawn.

According to RSI as the Gain increases, there is increase

in the RSI value, which indicates that there is increase in

the share price. This states to the investor that it is a strong

sell signal. Whenever there is decrease in the share price

value, RSI value decreases which indicates the investor

that it is a strong buy signal. In general, we can conclude

from the result that technical indicators can play useful

role in the timing stock market entry and exit. By applying

technical indicators brokers or investors enjoy substantial

profit. Technical analysis cannot be answer for the

questions faced by analyst. It has to be in combination

with fundamental analysis to have maximum effect.

It can be said that some tools of technical analysis are

more useful than others. However, none of them can be

termed an analysts panacea. The stock price movements

are influenced by various fundamental factors and the

economy as a whole. Even though there are some

universal principles and rules that can be applied, it must

be remembered that technical analysis is more an art form

than a science. As an art form, it is subject to

interpretation. However, it is also flexible in its approach

and each investor should use only that which suits his or

her style. Developing a style takes time, effort and

dedication, but the rewards can be significant.

Analysis can offer great insight but if used improperly,

they can also produce false signals. While trend lines have

become a very popular aspect of technical analysis, they

are merely one tool for establishing, analyzing, and

confirming a trend. Trend lines should not be the final

arbiter, but should serve merely as a warning that a change

in trend may be very useful. In some situation, this

principle is violated. By studying four sectors, it can be

stated that technical analysis does not provide 100%

accuracy to the investor. As the stock prices are dynamic

in nature, combination of Fundamental analysis and

technical analysis will increases the percentage of

accuracy and thus giving an idea to the investor to invest

in that stock which will yield him good returns.

Technical analysis will improve the investment decision. It

is simple and more reliable then fundamental analysis

because the information required for technical analysis is

free available as compared to fundamental analysis.

Investor should have knowledge regarding the market

terms and be trained to use the technical analysis tools so

that they can take maximum return from the investment.

The investors can also use more number of charts which

will depict a true picture on the movement of the

securities.

According to beta values, Tata Motors Ltd. have

comparatively lower level of beta than other automobile

companies and the beta of same has witnessed a declining

trend. Thereby according to risk perception, it is advisable

to invest in Tata Motors Ltd. On the basis of volume of

trade, Tata Motors Ltd. have stability in volume of shares

traded unlikely Maruti Suzuki India Ltd. which has

witnessed an increase in volume only in month of

December. Thereby risk and return parameters both

signify investment in Tata Motors Ltd.

REFERENCES

[1] Mrs. J. Nithya and Dr. G. T. Chelvan (2014),

“Effectiveness of Technical Analysis in Banking

Sector of Equity Market”, IOSR Journal of

Business and Management, Volume 16, Issue 7,

Version 5.



74

[2] C. Boobalan (2014), “Technical Analysis in Select

Stocks of Indian Companies”, International Journal

of Business and Administration Research Review,

Volume 2, Issue 4.

[3] Osler, C.L. (2000).”Support for Resistance:

Technical Analysis and Intraday Exchange Rates,”

Federal Reserve Bank of New York Economic

Policy Review 6, pp 53-65.

[4] Gupta, L.G (2003). “Stock Market Investors‟

Biggest Worries Today.” Portfolio Organiser.

Vol.41, No.5, 2003, pp 47- 51.

[5] Ravindra, K., Y. Wang, (2006). “The causality

between stock index returns and volumes in the

asian equity markets”. Journal of International

Business. Res., 5, pp 63-74.

[6] www.nseindia.com

[7] www.bseindia.com

[8] www.icharts.com

[9] www.stockcharts.com

http://www.nseindia.com/

http://www.bseindia.com/

http://www.icharts.com/

http://www.stockcharts.com/

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