A PROJECT REPORT ON
COMPANY ANALYSIS IN SUGAR SECTOR
FOR KHANDWALA SECURITIES LTD.
SUBMITTED TO UNIVERSITY OF PUNE IN PARTIAL FULFILLMENT OF 2 YEARS FULL TIME COURSE MASTERS IN BUSINESS ADMINISTRATION (M.B.A.)
SUBMITTED BY ROHIT MALU (BATCH 2005-07)
BANSILAL RAMNATH AGARWAL CHARITABLE TRUST S VISHWAKARMA INSTITUE OF MANAGEMENT S.NO. 3/4, KONDHWA (Bk), PUNE 411048
This project bears imprint of all those who have directly or indirectly helped and extended their kind support in completing this project. At the time of making this report I express my sincere gratitude to all of them. I must first express my gratitude to Mr. Ajay Laddha (Vice-President, Khandwala Securities Ltd.), Mr. Sameer Kulkarni and Mr. Ajay Phadke (Equity Research Team, Khandwala Securities Ltd.) for having accorded me the permission to undertake a project in Khandwala Securities Ltd. Pune
I also must show my deepest gratitude to Director Dr. Sharad Joshi and Prof. Rajesh Vatkar for their valuable suggestions, guidance and advice in bringing out this project.
Finally I give immeasurable thanks to my parents and friends who endured many evenings and weekends of solitude for the thrill of seeing this project. Much of the value of this report is due to their patience, encouragement and love.
Rohit S. Malu.
1. 2. 3. 4. 5. 6. 7.
EXECUTIVE SUMMARY OBJECTIVE AND SCOPE COMPANY PROFILE THEREOTICAL BACKGROUND RESEARCH METHODOLOGY DATA ANALYSIS BAJAJ HINDUSTAN LTD. PROFILE
1 4 5 10 15 19 23
8. 9. 10. 11.
DATA INTERPRETATION FINDINGS LIMITATIONS CONCLUSION
27 38 39 40
The strategy of selecting stocks that trade for less than their intrinsic value is called value investing. Value investors actively seek stocks of companies that they believe the market has undervalued. They believe the market overreacts to good and bad news, causing stock price movements that do not correspond with the company's long-term fundamentals. The result is an opportunity for value investors to profit by buying when the price is deflated. The very definition of value investing is subjective. Some value investors only look at present assets/earnings and don't place any value on future growth. Other value investors base strategies completely around the estimation of future growth and cash flows. Despite the different methodologies, it all comes back to trying to buy something for less than its worth. The purpose behind this project was to learn the mannerisms of the stock market trading and to understand the basic difference between speculation in the stock market and some study based investments undertaken to derive value.
COMPANY ANALYSIS IN SUGAR SECTOR . The reason behind choosing this project is that it provides hands on experience with what goes on in the stock market on a day to day basis. The field of equity research is very vast and one has to look into various aspects of the functioning of the company to get to any conclusion about the possible performance of the company in the market. Investors like warren buffet made a fortune out of investments in the stock market, which is quiet impossible without proper research about the companies. The field of equity research is full of challenges. It is your door to fame, fortune and, above all, professional challenge. In a world that is shrinking in size due to information technology and blurring boundaries between nations, the stock market (or the equities market) is all set to grow in size. The project is done with Khandwala Securities Ltd. a very well known company in the field of stock broking and capital market services sector. This project gave me a chance to get valuable insights from a hoard of vastly experienced people in this field and to get various approaches each one adopts to evaluate various companies.
Bibliography: WEBSITES: www.kslindia.com www.wikipedia.com www.investopedia.com www.google.com www.capitallineplus.com www.bseindia.com www.nseindia.com
BOOKS: FINANCIAL MANAGEMENT Theory and Practice Prasanna Chandra
MAGAZINES: Capital Market Dalal Street
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