A TRAINING REPORT

ON
STOCK PERFORMANCE ANALYSIS ON
KOTAK MAHINDRA BANK.

Submitted to:
Satyug Darshan Institute of Engineering and Technology

By:
(CHANCHAL)
Roll No.- 5019414
Batch 2016–2019

In Partial Fulfillment of
Bachelor of Business Administration
(IIFBS)

MAHARSHI DAYANAND UNIVERSITY

ROHTAK (HARYANA)
(November, 2017)

Satyug Darshan Institute of Engineering and Technology

Bhupani Lalpur Road, Village Bhupani
Faridabad - 121002, NCR, Haryana, India
 DECLARATION

I, Ms. CHANCHAL hereby declare that this training report is the record of authentic work
carried out during the time period from _____to_____ by me in the partial fulfillment of the
requirement for the award of degree BBA (Industry integrated). This piece of work has not
been submitted to any other University or Institute for the award of any degree/diploma earlier.

CHANCHAL

Date:
 BONAFIDE CERTIFICATE

This is to certify that Ms. CHANCHALof Satyug Darshan Institute of Engineering and
Technology has successfully completed the project work titled “Stock Performance Analysis
on Kotak Mahindra Bank” in partial fulfillment of requirement for the completion of Bachelor
in Business Administration (IIFSB) course as prescribed by the Maharshi Dayanand
University, Rohtak, (HARYANA).

This project report is the record of authentic work carried out by her during the period from __ to
__.She has worked under my guidance.

Ms. Sneha Sharma

Assistant Professor, BBA Department
Project Guide (Internal)
Date:

Counter signed by

Mr. Ravi Bakshi

Department Coordinator (BBA Department)
Date:
 ACKNOWLEDGEMENT

It is a matter of Great Pleasure for me in submitting the project report on Stock Performance
Analysis on Kotak Mahindra Bank for the fulfillment of the requirement of my course.

I am thankful to and owe a deep gratitude to all those who have helped me in preparing this
report. Words seem to be inadequate to express my sincere thanks to Mrs. Sneha Sharma & Mr.
Amit Virmani for their valuable guidance, constructive criticism, untiring efforts and immense
encouragement during the entire course of the study due to which my efforts have been
rewarded.

Also not to be forgotten are the Lecturers of BBA IIFBS who contributed their ideas and
suggestion.

CHANCHAL

Date:
 PREFACE

Many students may have work on this project in different way/styles. I have also tried to work on
this project in a different way.

It was for the first time I got the opportunity to work in such a prestigious and well known
organization. And things which I have experienced in my training time are going to help me
throughout my life time. I have worked on this project with great enthusiasm and zeal. I have
tried to cover almost all the things which I have experienced and learned from the company’s
management.

CHANCHAL

Date:
 TABLE OF CONTENT

S.No. PARTICULARS PAGE NO.

1. Introduction to the study

2. Company Profile

3. Literature Review

4. Research Methodology
4.1 Objective of the study
4.2 Need for the study
4.3 Scope of the study
4.4 Research Design
4.5 Sample Design
4.6 Data Collection
4.7 Limitations of the study

5. Data Analysis & Interpretation

6. Findings, Conclusion & Suggestions

7. Bibliography

Annexure
 CHAPTER-1

INTRODUCTION
TO
THE STUDY
Introduction to the Stock Market

Indian Stock Markets is one of the oldest in Asia. Its history dates back to nearly 200 years ago.
The earliest records of security dealings in India are meager and obscure.
The East India Company was the dominant institution in those days and business in its loan
securities used to be transacted towards the close of the eighteenth century.

By 1830's business on corporate stocks and shares in Bank and Cotton presses took place in
Bombay. Though the trading list was broader in 1839, there were only half a dozen brokers
recognized by banks and merchants during 1840 and 1850. The 1850's witnessed a rapid
development of commercial enterprise and brokerage business attracted many men into the field
and by 1860 the number of brokers increased into 60. In 1860-61 the American Civil War broke
out and cotton supply from United States to Europe was stopped; thus, the 'Share Mania' in India
began. The number of brokers increased to about 200 to 250.

At the end of the American Civil War, the brokers who thrived out of Civil War in
1874,found a place in a street (now appropriately called as Dalal Street) where they wouldconve
niently assemble and transact business. In 1887, they formally established in Bombay, the
"Native Share and Stock Brokers' Association”, which is alternatively known as “The Stock
Exchange". In 1895, the Stock Exchange acquired a premise in the same street and it was
inaugurated in 1899. Thus, the Stock Exchange at Bombay was consolidated. The Indian stock
market has been assigned an important place in financing the Indian corporate sector. The
principal functions of the stock markets are:

 enabling mobilizing resources for investment directly from the investors

 providing liquidity for the investors and monitoring.
 Disciplining company management.

The two major stock exchanges in India are:-

 National Stock Exchange(NSE)

 Bombay Stock Exchange (BSE).

 National Stock Exchange

With the liberalization of the Indian economy, it was found inevitable to lift the Indian stock
market trading system on par with the international standards. On the basis of the
recommendations of high powered Pherwani Committee.

The National Stock Exchange was incorporated in 1992 by Industrial Development Bank
of India, Industrial Credit and Investment Corporation of India, Industrial Finance Corporation
of India, all Insurance Corporations, selected commercial banks and others.

The National Stock Exchange (NSE) is India’s leading stock exchange covering various cities
and towns across the country. NSE was setup by leading institutions to provide a modern, fully
automated screen-based trading system with national reach. The exchange has brought about
unparalleled transparency, speed & efficiency, safety and market integrity. It has setup facilities
that serve as a model for the securities industry in terms of systems, practices & procedures.

Trading at NSE can be classified under two broad categories:

 Wholesale debt market

 Capital market

o Wholesale debt market Operations are similar to money market operations -

institutions and
corporate bodies enter into high value transactions in financial instruments such asgovern
ment securities, treasury bills, public sector unit bonds, commercial paper, certificate
of deposit, etc.

o Capital market: A market where debt or equity securities are traded.

There are two kinds of players in NSE:

 Trading members
 Participants.

Recognized members of NSE are called trading members who trade on behalf of themselves and
their clients. Participants include trading members and large players like banks who take direct
settlement responsibility.

Trading at NSE takes place through a fully automated screen-based trading mechanism which
adopts the principle of an order-driven market. Trading members can stay at their offices and
execute the trading, since they are linked through a communication network.

The prices at which the buyer and seller are willing to transact will appear on the screen. When
the prices match the transaction will be completed and a confirmation slip will be printed at the
office of the trading member.

NSE has several advantages over the traditional trading exchanges. They are as follows:

 NSE brings an integrated stock market trading network across the nation.
 Investors can trade at the same price from anywhere in the country since inter-market
operations are streamlined coupled with the countrywide access to the securities.
 Delays in communication, late payments and the malpractice’s prevailing in the
traditional trading mechanism can be done away with greater operational efficiency and
informational transparency in the stock market operations, with the support of total
computerized network.
NSE Nifty

S&P CNX Nifty is a well-diversified 50 stock index accounting for 22 sectors of the economy.
It is used for a variety of purposes such as benchmarking fund portfolios, index based derivatives
and index funds.

NSE came to be owned and managed by India Index Services and Products Ltd. (IISL), which is
a joint venture between NSE and CRISIL. IISL is India's first specialized company focused upon
the index as a core product.

 Bombay Stock Exchange

The Bombay Stock Exchange is one of the oldest stock exchanges in Asia. It was established as
"The Native Share & Stock Brokers Association" in 1875. It is the first stock exchange in the
country to obtain permanent recognition in 1956 from the Government of India under the
Securities Contracts (Regulation) Act, 1956. The Exchange's pivotal and pre-eminent role in the
development of the Indian capital market is widely recognized and its index, SENSEX is tracked
worldwide.

SENSEX

The Stock Exchange, Mumbai (BSE) in 1986 came out with a stock index that
subsequently became the barometer of the Indian stock market.

SENSEX is not only scientifically designed but also based on globally accepted construction and
review methodology. First compiled in 1986, SENSEX is a basket of 30 constituent stocks
representing a sample of large, liquid and representative companies. The base year of SENSEX
is 1978-79 and the base value is 100. The index is widely reported in both domestic and
international markets through print as well as electronic media.

Due to is wide acceptance amongst the Indian investors; SENSEX is regarded to be the pulse of
the Indian stock market. As the oldest index in the country, it provides the time series data over a
fairly long period of time. Small wonder, the SENSEX has over the years become one of the
most prominent brands in the country.

The SENSEX captured all these events in the most judicial manner. One can identify the booms
and busts of the Indian stock market through SENSEX.

The launch of SENSEX in 1986 was later followed up in January 1989 by introduction of
BSE National Index (Base: 1983-84 = 100). It comprised of 100 stocks listed at five major
stock exchanges.
The values of all BSE indices are updated every 15 seconds during the market hours and
displayed through the BOLT system, BSE website and news wire agencies.
All BSE-indices are reviewed periodically by the “index committee” of the exchange.
OVERVIEW OF THE REGULATORY FRAMEWORK OF THE CAPITALMARKET IN INDIA

India has a financial system that is regulated by independent regulators in the sectors of banking,
insurance, capital markets and various service sectors. The Indian Financial system is regulated
by two governing agencies under the Ministry of Finance.
They are,

1. Reserve Bank of India

The RBI was set up in 1935 and is the central bank of India. It regulates the financial
and banking system. It formulates monetary policies and prescribes exchange control norms.

2. The Securities Exchange Board of India

The Government of India constituted SEBI on April 12, 1988, as a non-statutory body to
promote orderly and healthy development of the securities market and to provide
investor protection.

Department Economic Affairs

The capital markets division of the Department of Economic Affairs regulates capital markets
and securities transactions.

The capital markets division has been entrusted with the responsibility of assisting theGovernme
nt in framing suitable policies for the orderly growth and development of thesecurities markets
with the SEBI, RBI and other agencies. It is also responsible for the functioning of the Unit Trust
of India (UTI) and Securities and Exchange Board of India (SEBI).

The principal aspects that are dealt with the capital market division are:

 Policy matters relating to the securities market

 Policy matters relating to the regulation and development and investor protection of the
securities market and the debt market.
 Organizational and operational matters relating to SEBI

The Capital Market is governed by:

 Securities Contract (Regulation) Act, 1956

 Securities Contract (Regulation) Rules, 1957
 SEBI Act, 1992
 Companies Act 1956
 SEBI (Stock Brokers and Sub Brokers) Rules, 1992
 Exchange Bye-Laws Rules & Regulations

Self-regulating Role of the Exchange

The exchange functions as a Self Regulatory Organization with the parameters laid down by the
SCRA, SEBI Act, SEBI Guidelines and Rules, Bye-laws and Regulations of the Exchange. The
Governing Board discharges these functions. The Executive Director has all the powers of the
governing board except discharging a member indefinitely or declaring him a defaulter or
explaining him. The Executive Director takes decisions in the areas like surveillance,inspection,
investigation, etc. in an objective manner as per the parameters laid down by the governing board
or the statutory committees like the Disciplinary Action Committee.

TRADING WITH STOCK MARKET

This section will introduce us about the process and instruments used to help a customer or a
client to trade with arcadia securities. This process is almost similar to any other trading firm but
there will be some difference in the cost of brokerage commission.

Trading:
It is a process by which a customer is given facility to buy and sell share this buying and selling
can only be done through some broker and this is where Arcadia helps its customer. A customer
willing to trade with any brokerage house need to have a Demat account, trading
account and saving account with a brokerage firm. Anyone having following
document can open all the above mentioned account and can start trading.

Document Required
 3 photographs ( signed across)
 Photo Identification Proof - any of the following - Voter ID/Driving License/Passport.
 Address Proof any of the following - Voter ID/Driving License/ Passport/ Bank statement
or pass book sealed and attestation by bank official/ BSNL landline bill.
 A crossed Cheque favouring “Karvy Stock Broking”. Of the required amount. The
amount for Demat as well as trading will be Rs. 900/-(free Demat +900 Trading Account)
the minimum amount being Rs. 900 a cheque can be given for a larger amount.
 Copy of PAN Card is mandatory.
 Registration Kit
 CDSL Demat Kit
 Bank and address proof declaration.
 PAN name discrepancy form. These documents may not be consumer friendly but it is to
avoid illegal transaction and to prevent black money this ensures that money invested is
accounted.
Techniques and Instruments for Trading
The various techniques that are available in the hands of a client are:-
1. Delivery
2. Intraday
3. Future
4. Forwards
5. Options
6. Swaps
Basic Requirement for doing Trading
Trading requires Opening a Demat account. Demat refers to a dematerialized account.

You need to open a Demat account if you want to buy or sell stocks. So it is just like a
bank account where actual money is replaced by shares. We need to approach the Depository
Participants (DP, they are like bank branches), to open Demat account.

A depository is a place where the stocks of investors are held in electronic form. The depository
has agents who are called depository participants (DPs).

Think of it like a bank. The head office where all the technology rests and details of all accounts
held is like the depository. And the DPs are the branches that cater to individuals.

There are only two depositories in India –

 The National Securities Depository Ltd (NSDL) and the

 Central Depository Services Ltd (CDSL).

Capital Market Participants

 Banks
 Exchanges
 Clearing Corporations
 Brokers
 Custodians
 Depositories
 Investors
 Merchant Bankers

Types of Investors
 Institutional Investors- MFs / FI / FIIs / Banks
 Retail Investors
 Arbitrageurs / Speculators
 Hedgers
 Day traders/Jobbers14

Combination of Futures and Option

Hedging means, minimizing the risk, i.e., minimizing the losses. Under index futures and index
options investor can minimize his losses. Hedging does not remove losses but remove sun
wanted exposure, i.e. unnecessary risk. One should not enter into a hedging strategy hoping to
make excess profits; all it can do is reduce the risk.5
5
PARAMETERS OF INVESTMENT

The nature of investment differs from individual to individual and is unique to each one because
it depends on various parameters like future financial goals, the present & the future income
model, capacity to bear the risk, the present requirements and lot more. As an investor progresses
on his/her life stage and as his/her financial goals change, so does the unique investor profile.
Economic development of a country depends upon its investment. The emerging
economicenvironment of competitive markets signifying customer’s sovereignty has profound
implications for their savings and investment. Investment means person’s commitments towards
his future.

INVESTMENT

The word "Investment" can be defined in many ways according to different theories and principl
es. It is a term that can be used in a number of contexts. However, the different meanings of
"investment" are more alike than dissimilar. Generally, investment is the application of money
for earning more money. Investment also means savings or savings made through delayed
consumption.
According to economics, investment is the utilization of resources in order to increase income
or production output in the future. An amount deposited into a bank or machinery that is
purchased in anticipation of earning income in the long run is both examples of investments.
Although there is a general broad definition to the term investment, it carries slightly different
meanings to different industrial sectors.

According to economists, investment refers to any physical or tangible asset, for example,
a building or machinery and equipment.

On the other hand, finance professionals define an investment as money utilized for buying
financial assets, for example stocks, bonds, bullion, real properties, and precious items.

According to finance, the practice of investment refers to the buying of a financial product or any
valued item with an anticipation that positive returns will be received in the future.

The most important feature of financial investments is that they carry high market liquidity. The
method used for evaluating the value of a financial investment is known as valuation.

According to business theories, investment is that activity in which a manufacturer buys

a physical asset, for example, stock or production equipment, in expectation that this will help
the business to prosper in the long run.

Characteristics of an investment decision:

1. It involves the commitment of funds available with you or that you would be getting in the
future.
2. The investment leads to acquisition of a plot, house, or shares and debentures.
3. The physical or financial assets you have acquired are expected to give certain benefits in the
future periods. The benefits may be in the form of regular revenue over a period of time like
interest or dividend or sales or appreciation after some point of time as normally happens in the
case of investment in land or precious metals.

Essentials of Investment
Essentials of investment refer to why investment, or the need for investment, is required. The
investment strategy is a plan, which is created to guide an investor to choose the most
appropriate investment portfolio that will help him achieve his financial goals within a
particular period of time.

An investment strategy usually involves a set of methods, rules, and regulations, and is
designedaccording to the exchange or compromise of the investor's risks and returns. A number
of investors like to increase their earnings through high-risk investments, whilst others prefer
investing in assets with minimum risk involved. However, the majority of investors choose an
investment strategy that lies in the middle.

Investment strategies can be broadly categorized into the following types:

•Active strategies: One of the principal active strategies is market timing (an investor is able
to move into the market when it is on the low and sell the stocks when the market is on the high),
which is applied for maximizing yields.

•Passive strategies: Frequently implemented for reducing transaction costs.

One of the most popular strategies is the buy and hold, which is basically a long term
investment plan. The idea behind this is that stock markets yield a commendable rate of return in
spite of stages of fluctuation or downfall. Indexing is a strictly passive variable of the buy and
hold strategy and, in this case, an investor purchases a limited number of every share existing
in the stock market index, for example the Standard and Poor 500 Index, or more probably in an
index fund, which is a form of a mutual fund.

Additionally, as the market timing strategy is not applicable for small-scale investors, i t i s
advisable to apply the buy and hold strategy. In case of real estate investment the retail and
small-scale investors apply the buy and hold strategy, because the holding period is normally
equal to the total span of the mortgage loan.
Share Market Investment

Shares are purchased and sold on the primary and secondary share markets. To invest in the share
market, investors acquire a call option, which is the right to buy a share, or a put option, which is
the right to sell a share. In general, investors buy put options if they expect prices to rise, and call
options if they expect prices to fall. The value of a derivative depends on the value of underlying
asset.
The various classifications of derivatives relevant to share marketinvestment are:
•Swap
•Futures Contract
•Forward Contract
•Option Contract

A forward contract is agreements between two parties purchase or sell a product in the future,
at a price determined now. This mutual agreement satisfies the profit motive of both
the buyer and seller, and the uncertainties and risks of price fluctuations in the future are
aborted. A future contract is different from a forward contract in the sense that the former
requires the presence of a third party and the commitment for trade is simply notional.

Before a share is chosen for investment, a technical analysis of the share is performed. The price
and volume of a share over a period of time are tracked and then a business plan is constructed.
A fundamental analysis involves a close study of the company associated with the share, and its
performance over time. The fundamental analysis is important for the share market investor.

The price levels of a traded share are as follows:

•Opening Price: This is the price at which the market opens. In other words, it is the price of the
first transaction.
•Closing Price: This is the price at the time of closing of the market or the price of the last trade.
•Intra-Day High: This denotes the maximum price at which the share was traded in the day.
•Intra-Day Low: This is the minimum price at which the share traded in the day.
CHAPTER-2

COMPANY
PROFILE
INTRODUCTION
“Think Investment Think Kotak”

Banks like Kotak Mahindra, standard chartered, ICICI, HDFC & Citibank now bring your Bank
Account & Debit card to your fingertips. With Mobile commerce, you can perform a wide range
of query-based transactions from your Mobile Phone, without even making a call. Kotak
Mahindra is one of India’s leading financial institutions, offering complete financial solutions
that encompass every sphere of life. From commercial banking, to stock broking, to mutual
funds, to life insurance, to investment banking, the group caters to the financial needs of
individuals of corporate. The group has a net worth of over Rs. 1, 800 crore and employs over
4,400 employees in its various businesses. With a presence in 82 cities in India and offices in
New York, London, Dubai & Mauritius, it services a customer base of over 5,00,000.

Kotak Mahindra has international partnerships with Goldman Sachs (one of the world's largest
investment banks and brokerage firms)and Old Mutual (a large insurance, banking and asset
management conglomerate).
The Kotak Mahindra Group was born in 1985 as Kotak CapitalManagement Finance Limited.
This company was promoted by Uday Kotak, Sidney A.Pinto and Kotak & Company.
Industrialists Harish Mahindra and An and Mahindra took a stake in 1986, and that's when the
company changed its name to Kotak Mahindra Finance Limited. Since then it's been a steady and
confident journey to growth and success.
 1986: Kotak Mahindra Finance Limited starts the activity of Bill Discounting
 1987: Kotak Mahindra Finance Limited enters the Lease and Hire Purchase market
 1990: The Auto Finance division is started
 1991: The Investment Banking Division is started. Takes over FICOM,
one of India’s largest financial retail marketing networks
 1992: Enters the Funds Syndication sector
 1995: Brokerage and Distribution businesses incorporated into a separate company-
Kotak Securities. Investment Banking division incorporated into a separate company –
Kotak Mahindra Capital Company
 1996: The Auto Finance Business is hived off into a separate company-
Kotak Mahindra Primus Limited. KotakMahindra takes a significant stake in Ford Credit
Kotak Mahindra Limited, for financing Ford vehicles. The launch of Matrix Information
Services Limited marks the Group’s entry into information distribution.
 1998: Enters the mutual fund market with the launch of Kotak Mahindra Asset
Management Company.
 2000: Kotak Mahindra ties up with Old Mutual plc. for the Life Insurance business.
Kotak Securities launches kotakstreet.com - its on-line broking site. Formal
commencement of private equity activity through setting up of Kotak Mahindra Venture
Capital Fund.
 2003: Kotak Mahindra Finance Ltd. Converts to bank.
 2004 : Launches India Growth Fund, a private equity fund.
 2005 : Kotak Group realigns joint venture in Ford Credit; By Kotak Mahindra Prime (Formaly known as
Kotak Mahindra Primus Limited) and sells Ford Credit Kotak Mahindra.
 2006 : Bought the 25% stake held by Goldman Sachs in Kotak Mahindra Capital Company, and Kotak
Securities.
COMPANY’S PROFILE

Established in 1984, The Kotak Mahindra Group has long been one of India’s most reputed
financial organizations. In Feb 2003, Kotak Mahindra Finance Ltd., the group’s flagship
company was given the license to carry on banking business by the Reserve Bank of India
(RBI). This approval creates banking
history since Kotak Mahindra Finance Ltd is the first company in India to convert to a bank. The
license authorizing the bank to carry on banking business has been
obtained from the RBI in tune with
Section22 of the Banking Regulation Act 1949. KMBL was promoted by Mr. Uday.S.Kotak,
Kotak and Company
Ltdand Mr. Sidney &A.A.Pinto under the name of Kotak CapitalManagement Finance Ltd on 21
st Nov 1985 and obtained aCertificate of Commencement of Business on 11th Feb 1986.The
bank customers have access to entire VISA network of 4500ATM’S in India and 800000ATM’S
worldwide accepted in more than56000 establishments across India and 10 million worldwide.
Thecustomer also has access to over 800 ATM’s with sharingarrangements with UTI BANK, of
these 125 are in the NCR

Key group companies and their businesses

Kotak Mahindra Bank

The Kotak Mahindra Group's flagship company, Kotak MahindraFinance Ltd which was
established in 1985, was converted into a bank- Kotak Mahindra Bank Ltd in March 2003
becoming the first Indian company to convert into a Bank. Its banking operations offer a central
platform for customer relationships across the group's various businesses. The bank has presence
in Commercial Vehicles, Retail Finance, Corporate Banking, Treasury and Housing Finance.

Kotak Mahindra Capital Company

Kotak Mahindra Capital Company Limited (KMCC) is India's premier Investment Bank.
KMCC's core business areas include Equity Issuances, Mergers & Acquisitions, Structured
Finance and Advisory Services.

Kotak Securities

Kotak Securities Ltd. is one of India's largest brokerage andsecurities distribution houses.
Over the years, Kotak Securities has been one of the leading investment broking houses catering
to the needs of both institutional and non-institutional investor categories with presence all over
the country through franchisees andcoordinators. Kotak Securities Ltd. offers online and offline
services based on well-researched expertise and financial products to non-institutional investors.
Kotak Mahindra Prime

Kotak Mahindra Prime Limited (KMP) (formerly known as KotakMahindra Primus Limited) has
been formed with the objective of financing the retail and wholesale trade of passenger
and multi utility vehicles in India. KMP offers customers retail finance for both new as well as
used cars and wholesale finance to dealers in the automobile trade. KMP continues to be among
the leading car finance companies in India.

Kotak Mahindra Asset Management Company

Kotak Mahindra Asset Management Company Kotak Mahindra Asset Management Company
(KMAMC), a subsidiary of Kotak Mahindra Bank, is the asset manager for Kotak Mahindra
Mutual Fund (KMMF).
KMMF manages funds in excess of Rs 20,800 crore and offersschemes catering to investors with
varying risk-return profiles. It was the first fund house in the country to launch a dedicated gilt
scheme investing only in government securities.

Kotak Mahindra Old Mutual Life Insurance Limited

Kotak Mahindra Old Mutual Life Insurance Limited is a joint venture between Kotak
Mahindra Bank Ltd. and Old Mutual plc. Kotak Life Insurance helps customers to take important
financial decisions at every stage in life by offering them a wide range of innovative life
insurance products, to make them financially independent.

BOARD OF DIRECTORS

♣Mr. K.M. Gherda – Executive Chairman

♣Mr. Uday Kotak –Executive Vice Chairman and Managing Director
♣Mr. Anand Mahindra –Co Promoter of Kotak Mahindra Bank and
Vice Chairman and Managing Director of Mahindra and Mahindra
♣Mr. Cyril Shroff –Co Promoter
♣Mr. Pradeep N Kotak –Agri Division of Kotak and Company Limited
♣Dr. Shanker Acharya
♣Mr. Shivaji Dam –Managing Director Kotak Mahindra Old Mutual Life Insurance Limited
♣Mr. C. Jayaram –Executive Director
♣Mr. Dipak Gupta –Executive Director

Product Detail

Kotak Mahindra Bank is one of the prominent subsidiaries of Kotak Mahindra Group. The
activities of the company being parallel to its objective are very wide and cover all the
components of a Bank. The basic area of Operations is the Banking business, other products are
meant for the regular revenue generation. Being a Banking house, the company is in regular
touch with Banking Accounts, Investment Services, Convenience Banking and Other
Services.
They offer complete solutions that address all your financial requirements, whether you are an
individual or a firm. From everyday banking to long term investments- their offerings covers it
all. This wide range of products is delivered to you with a genuine understanding of your specific
need and warm, personalized service.

Kotak Mahindra Bank, it’s not about selling you many different products-it’s about working out
a holistic, programmatic solution that addresses your financial needs. Through their varied
products, they commit themselves to becoming “Banker” to the customer rather than being
“Asset Financier” to our customers.

STRUCTURAL ORGANISATION OF KOTAK

Kotak Mahindra Bank

Kotak Mahindra Bank Ltd is one of the fastest growing bank and among the most admired
financial institutions in India. The Bank offers transaction banking, operates lending verticals,
manages IPOs and provides working capital loans. They have one of the largest and most
respected Wealth Management teams in India, providing the widest range of solutions to high net
worth individuals, entrepreneurs, business families and employed professionals. The Bank has
over 245 branches, a customer base of over 8 lakh and has spread all over India.

The Bank offers complete financial solutions for infinite needs of all individual & non-individual
customers depending on the customers need - delivered through a state of the art technology
platform. They also offer investment products like Mutual Funds, Life Insurance, retailing of
gold coins and bars etc. Apart from Phone banking and Internet banking, they offer convenient
banking facility through Mobile banking, SMS services, Netcard, Home banking and Bill Pay
facility among others.

Kotak Mahindra Bank Ltd was incorporated in the year 1985 with the name Kotak Capital
Management Finance Ltd. In April 8, 1986, the company’s name was changed Kotak Mahindra
Finance Ltd. They started bill discounting activity. In the year 1987, they entered into lease and
hire purchase market. In the year 1990, they started car finance division and during next year,
they started investment banking division. Alsom they took over FICOM, one of India’s largest
financial retail marketing networks.

At Kotak Mahindra Bank, we address the entire spectrum of financial needs for individuals and
corporates. We have the products, the experience, the infrastructure and most importantly the
commitment to deliver pragmatic, end-to-end solutions that really work.

Deposits Accounts

There are 3 types of Banking Account:

 Saving Account
 Current Account
 Term Deposit
SAVINGS ACCOUNT
“Choose from our range of Savings Accounts”

KOTAK MAHINDRA has got a variety of options of savings accounts to choose from for its
customers according to their convenience and requirements. These savings accounts offer
attractive returns along with personalized banking services at three convenient average quarterly
balances (AQB) levels of Rs. 10000 (KOTAK EDGE SAVINGS ACCOUNT), Rs. 20000
(KOTAK PRO SAVINGS ACCOUNT) and at Rs. 75000 (KOTAK ACE SAVINGS ACCOUNT).
The average quarterly balance levels as well the corresponding services and benefits try to ensure
the various customer needs and requirements.

CURRENT ACCOUNT

Kotak Mahindra Bank offers unparalleled advantages with its three Current Account offerings.
Whether small/ midsize business or an enterprise spread across multiple locations in the
country, would finda Current Account that's just designed for you. These Currentaccounts offer
attractive returns along with personalized banking services at three convenient average quarterly
balances(AQB)levelsof Rs. 25000 (KOTAK EDGE SAVINGS ACCOUNT),Rs. 50000(KOTAK
PRO SAVINGS ACCOUNT) and at Rs250000(KOTAK ACESAVINGS ACCOUNT).The
average quarterly balance levels as well the corresponding services and benefits try to ensure the
various customer needs and requirements. With features ranging from Free DDs, Free Cheque
Collection, Free At-Par Cheque facility to Free Trading Account & Free Demat Account, and
more.

TERM DEPOSIT

 Ease and convenience of operation

 Liquidity through overdraft or sweep-in facility
 No penalty on pre-mature encashment
 Nomination facility available

Give your portfolio stability of returns and safety and liquidity. Invest in Kotak Mahindra Bank
Term Deposit. It offer attractive returns on term deposits and investing in them is really simple
and convenient.

LOANS
 Personal Loans
 Home Loans
 Loan Against Property

INVESTMENT SERVICES
 Demat
 Mutual Funds
 Insurance
 Gold
CONVENIENCE BANKING
 Phone Banking
 Net Banking
 ATM Network

INVETSMENT SERVICES
“Making your money grow”

At Kotak Mahindra Bank, can recognize that financial needs vary, not just amongst individuals,
but across the different stages of your life. They have years of experience in helping people put
together an investment portfolio that works best for them.

DEMAT

Key Features

•Efficient depository services that allow you to hold your shares in convenient, "demat" formats
•Leverage opportunities in the stock-market when you spot them

It offers streamlined, efficient depository services that allow holding shares in the convenient
“demat” formats and leveraging opportunities in the stock-market when you spot them being a
brokerage house, the company is in regular touch with the share market and its relative
indexes like NSE &BSE, NCDEX. NSDL, CSDL. Let’s understand the relative terms:

SEBI (Sock Exchange Board of India)

It changes out on NSE and BSE and all type of share trading (Both Primary and Secondary
Market).

NSE & BSE

Kotak Mahindra Bank allows to customer to trade in share with NSE & BSE both 9in primary
and secondary market). In BSE customer can trade in 2452 stocks and in NSE customer can
trade in 933 companies. The index of NSE is Nifty and for BSE Sensex.

NSDL & CSDL

Kotak Mahindra Bank allow to customer to invest in mutual fund and bonds. NSDL (National
Security Depository Limited) & CSDL (Central Security Depository Limited) check out on this
type of investment.
MCX & NCDEX

Kotak Mahindra Bank also allow to customer to trade in commodity by MCX (Multi
Commodity Exchange) and NCDEX (National Commodity Daily Exchange). In NCDEX 55
commodity are to trade.

PRODUCTS OFFERED BY KOTAK MAHINRA BANK

The following are the various products of Kotak Mahindra Bank:

 DEMAT & ON LINE TRADING ACCOUNT

The 3-in-1 account integrates your banking, broking and demat accounts. This enables you to
trade in shares without going through the hassles of tracking settlement cycles, writing cheques
and Transfer Instructions etc.

 INITIAL PUBLIC OFFERS (IPO’S)

In the above products we have discussed investment in equity through secondary markets.
Another way of investing in equity markets is through the primary market route. Whenever a
company comes out with an Initial Public Offering you may choose to apply for the share. Based
on number of valid application received, the company would then allot the share to applicants.

The offline way of investing in an IPO is by filling physical application forms, cheques. And
submitting the forms through your broker. With KOTAK MAHINDRA BANK all you have to do
is filling number of share on the site and submit.

 DERIVATIVES

Customers with different types of risk profile can use Derivatives.

 Hedging the cash market position – ideal for low risk profile.
 Taking advantages of arbitrage opportunity in equity and derivatives markets- ideal for
low risk profile.
 Taking a view on stock/index for as long as 3 month period – medium risk profile.
 Speculative trading – risk profile.

KOTAK MAHINDRA BANK offers online investment in FUTURE & OPTION, with benefit of
automated settlements and online risk monitoring system.

TRADING / PAYMENT CYCLE AT Kotaksecurities.com

 For rolling settlements it is necessary to pay us the relevant amount at least a day (before
3.30 p.m.) before the pay in date of the concerned settlement. Clear funds for share
purchases are required to be available in the client’s bank account one day prior to the
pay in date. Shares should be available in your DEMAT account with the organization
one day prior to the pay in date.
  Pay out money will be credited to your account by the next working day after receipt of
the money from the exchange. The purchased shares will be transferred to your Demat
account on the next working day after the receipt from the exchange.

Payment cycle when customer buys the shares (applicable on delivery trades)

DAY TRANSACTION DAY PARTY WITH ACTIVITY

OBLIGATION
Day 1 T (Monday) Customer Order for buy shares of a particular
company is executed.
Day 2 T+1 (Tuesday) Customer Funds to be paid by customer to
Kotak Securities for shares
purchased.
Day 3 T+2 (Wednesday) Kotak Securities Kotak Securities transfers funds to
stock exchange.
Day 3 T+2 (Wednesday) Stock Exchange Stock Exchange transfers shares to
Kotak Securities.
Day 4 T+3 (Thursday) Kotak Securities Shares purchased on Day 1 are
reflected in the customer’s Demat
account and are made available for
delivery trade.

Payment cycle when customer sells shares

DAY TRANSACTION DAY PARTY WITH ACTIVIY

OBLIGATION
Day 1 T (Monday) Customer Sell order for shares lying in
his/her Demat A/C is executed.
Day 2 T+1 (Tuesday) Customer Shares to be sold should be
available in the Demat A/C with
Kotak Securities.
Day 3 T+2 (Wednesday) Kotak Securities Kotak Securities transfers shares to
stock exchange.
Day 3 T+2 (Wednesday) Stock Exchange Stock exchange transfers funds to
Kotak Securities.
Day 4 T+3 (Thursday) Kotak Securities Funds due to customer for the
shares sold are reflected in his
trading A/C.
OTHER SERVICES

BANKING HOURS

Kotak Mahindra Bank Account holders have been able to infer that Branch Banking is the
second most Frequent Point of Interaction with the Bank. The Average Banking Hours is a very
important aspect associated with any Bank. In today’s fast paced life where people who hold
Accounts with the Bank are busy working it is important that they can find a way to visit the
Bank without having to miss out on work.

The Average Banking Hours of Kotak Mahindra Bank is from 9am to7pm, the Bank is open to
the public for ten hours. These timings are convenient for especially those Account holders who
are working, these people can visit the Bank after their Office finishes.

Apart from the Average Banking Hours Kotak Mahindra Bank offers to it’s Account holders 24
Hour Branch, 365 Days Branch and the facility of Sunday Banking.

Kotak Mahindra Bank is the only Bank which offers a 24 Hour Branch in India, this is a big
boon for people who cannot take the time out to visit the Bank during the normal working hours
and is also very handy during emergencies.

The 365 Day Branch of Kotak Mahindra Bank is also unique and the only other Bank offering
this service is ABN Amro , this Branch is open regardless of the fact that it is a Sunday or a
public holiday. Sunday Banking is very useful for people who are busy throughout the week and
the only day when they find the time is Sunday. Other Banks offering this service apart
from Kotak Mahindra Bank are ABN Amro and CITIBANK.

Best Compliments Card – the perfect gift

Introducing Best Compliments Card- the prepaid card from Kotak Mahindra Bank. It lets your
loves ones choose their own gift or shop or enjoy at any place that accepts Visa cards, be it a
shopping mail, a restaurant or a multiplex. So go ahead and give someone the perfect gift.

 No Kotak Mahindra Bank account required

 Not restricted to a single brand or outlet - accepted at over 3 lakhs merchant
establishments in India that accept Visa cards
 Can be used at your convenience –
 no need to spend the entire value in a single purchase
 Attractively packaged and ready-to-gift
 Available at all Kotak Mahindra Bank branches
 Valid for two years from date of issue of card
 CHAPTER-3

REVIEW
OF
LITERATURE
REVIEW OF LITERATURE

Various studies on Investment pattern & Investment behavior of investors had been conducted in
foreign countries. However, in Indian context, the number is quite few. Depending on the various
issues of investment, the review has been discussed in brief as follows:

Charles (1999) has analyzed that the astonishing growth in Americans' stock portfolios in
the1990s has been a major force behind the growth of consumer spending. This article reviews
the relationship between stock market movements and consumption. Using various econometric
techniques and specifications, the authors find that the propensity to consume out of aggregate
household wealth has exhibited instability over the postwar period. They also show that the
dynamic response of consumption growth to an unexpected change in wealth is extremely short-
lived, implying that forecasts of consumption growth one or more quarters ahead are not
typically improved by accounting for changes in existing wealth.

Bhardwaj (2003) has stated the literature on globalization, He found the pervasiveness of the
west’s perception of the world effect on Indian investors that affects the trends in investor’s
choice. They are hugely affected by the west’s views and so changes in Indian trends occur.

Ranganathan (2003), has stated the investor behavior from the marketing world and financial
economics has brought together to the surface an exciting area for study and research: behavioral
finance. The realization that this is a serious subject is, however, barely dawning. Analysts seem
to treat financial markets as an aggregate of statistical observations, technical and fundamental
analysis. A rich view of research waits this sophisticated understanding of how financial markets
are also affected by the ‘financial behavior’ of investors. With the reforms of
industrial policy, public sector, financial sector and the many developments in the Indian money
market and capital market, mutual funds that has become an important portal for the small
investors, is also influenced by their financial behavior. Hence, this study has made an attempt to
examine there lated aspects of the fund selection behavior of individual investors towards Mutual
funds, in the city of Mumbai. From the researchers and academicians point of view, such a study
will help in developing and expanding knowledge in this field.

Shrotriya (2003) conducted a survey on investor preferences in which he depicted the linkage
of investment with the factor so considered while making investment. He says “There are various
factors and their linkage also. These factors help us how to ensure safety, liquidity, capital
appreciation and tax benefits along with returns.”

Dijk (2007) has conducted 25 years of research on the size effect in international equity returns.
Since Banz's (1981) original study, numerous papers have appeared on the empirical regularity
that small firms have higher risk-adjusted stock returns than large firms. A quarter of a century
after its discovery, the outlook for the size effect seems bleak. Yet, empirical asset pricing models
that incorporate a factor portfolio mimicking underlying economic risks proxies by firm size are
increasingly used by both academics and practitioners. Applications range from event studies and
mutual fund performance measurement to computing the cost of equity capital. The aim of this
paper is to review the literature on the size effect and synthesize the extensive debate on the
validity and persistence of the size effect as an empirical phenomenon as well as the theoretical
explanations for the effect. We discuss the implications for academic research and corporate
finance and suggest a number of avenues for further research.

Vasudev (2007) analyzed the developments in the capital markets and corporate governance in
India since the early 1990s when the government of India adopted the economic
liberalization programme. The legislative changes significantly altered the theme of Indian
CompaniesAct1956, which is based on the Companies Act 1948 (UK). The amendments, such as
the permission for nonvoting shares and buybacks, carried the statute away from the earlier “bus
iness model” and towards the 'financial model' of the Delaware variety. Simultaneously,
thegovernment established the Securities Exchange Board of India (SEBI), patterned on theSecur
ities and Exchange Commission of US. Through a number of other policy measures, the
government steered greater investments in the stock market and promoted the stock market as a
central institution in the society. The article points out that the reform effort was inspired, at least
in part, by the government’s reliance on foreign portfolio inflows into the Indian stock market to
fund the country’s trade and current account deficits.

Johnson (2008) has stated that Product quality is probably under-valued by firms because there is
little consensus about appropriate measures and methods to research quality. The authors suggest
that published ratings of a product's quality are a valid source of quality information with
important strategic and financial impact. The authors test this thesis by an event analysis
of abnormal returns to stock prices of firms whose new products are evaluated in the Wall Street
Journal. Quality has a strong immediate effect on abnormal returns, which is substantially
higher than that for other marketing events assessed in prior studies. In dollar terms, these returns
translate into an average gain of $500 million for firms that got good reviews and an average loss
of $200 million for firms that got bad reviews. Moreover, there are some important asymmetries.
Rewards to small firms with good reviews of quality are greater than those to large firms with
good reviews. On the other hand, large firms are penalized more by poor reviews of quality than
they are rewarded for good reviews. The authors discuss the research, managerial, investing,
and policy implications.

Patnaik and shah (2008) has analyzed on the preferences of foreign and domestic institutional
investors in Indian stock markets. Foreign and domestic institutional investors both prefer larger,
widely dispersed firms and do not chase returns. However, we and evidence of strong differences
in the behavior of foreign and domestic institutional investors.

Bhatnagar (2009) has analysed of Corporate Governance and external finance in transition
economies relied heavily on external finance as their domestic saving rates have been much
lower than their investment rates. The less promising prospects for the global supply of external
finance the need for an increase in the multilateral financial institutions. India being
transition economy is changing from a centrally planned economy to a free market. It is
undergoing economic liberalization, macroeconomic stabilization where immediate highinflation
is brought like India. The problem in the Indian corporate sector is that of disciplining
thedominant shareholder and protecting the minority shareholders. Clearly, the problem of corpo
rate governance abuses by the dominant shareholder can be solved only by forces outside
the company itself particularly that of multilateral financial institutions in the economic
development. India has under control, and restructuring and privatization in order to create a
financial sector and move from public to private ownership of resources. These changes often
may lead to increased inequality of incomes and wealth, dramatic inflation and a fall of GDP.

Mayank (2009) has analysed the role of two important forces - the regulator and the capital
market as determinant of external finance in transition economies analyses the changing pattern
and future prospectus of external finance to India and reviews the role of external finance.
Under this framework, the study evaluates current Indian corporate governance practices in light
of external finance
.
Rajeshwari and Moorthy has conducted the study and analysed that Mutual Fund is are tail
product designed to target small investors, salaried people and others who are intimidated by the
mysteries of stock market but, nevertheless, like to reap the benefits of stock market investing. At
the retail level, investors are unique and are a highly heterogeneous group. Hence, their
fund/scheme selection also widely differs. Investors demand inter-temporal wealth
shiftingas he or she progresses through the life cycle. This necessitates the Asset ManagementCo
mpanies (AMCs) to understand the fund/scheme selection/switching behavior of the investors to
design suitable products to meet the changing financial needs of the investors. With this
background a survey was conducted among 350Mutual Fund Investors in 10 Urban and Semi
Urban centers to study the factors influencing the fund/scheme selection behavior of Retail
Investors. This paper discusses the survey findings. It is hoped that it will have some useful
managerial implication for the AMCs in their product designing and marketing. From the above
reviews it can be concluded that many researches had been conducted before relating to the
investment patterns and the few researchers studied the literature only on the basis of returns.
Analysts treated financial markets as an aggregate of statistical observations, technical and
fundamental analysis but no researches had been conducted on Impact of global factors on Indian
Economy. This gap had been identified so that in this respect present study had been conduct.
 CHAPTER-4

RESEARCH
METHODOLOGY
4.1 Objectives of the Study:
1. To do a study on technical analysis on selected stock to find out weather should buy the
share or not.
2. To analyze price movements using line charts.
3. To analysis & understand trends and patterns in stock price movements.
4. To compare the share price of the Kotak Mahindra Bank stock with nifty 50.
5. To analyze the movement of Kotak Mahindra Bank stock with its Industry.
6. To help investors in their decision in investing in Kotak Mahindra Bank stock.

4.2 Need for the study

The shareholders are the owners of the company they have to pay regular interest and principal
at the end. Stock/shares are playing a major role in acquiring capital to the business in return
investors are paid dividends to the shares they won. The more shares you own the more
dividends you receive. The role of equity analysis is to provide information to the market. An
efficient market relies on information a lack of information creates in efficiencies that results in
stocks being misrepresented. This study fills information gaps so that each individual investor
not needs to analyses every stock thereby making the markets more efficient. The study is need
to the performance of stocks through analysis in order to know the trend of a share, which helps
in deciding whether to invest or not to invest in the security. The research studies provided that
investments in some shares with a longer tenure of investment have yielded far superior returns
than any other investment. However this does not mean all equity investments would guarantee
similar high returns. Equities are high risk investments
4.3 Scope of the study
 The study is mainly limited to the Equity Analysis of Kotak Mahindra Bank with the help
of tools and risk and relationship involved in share price of the bank tested. Further has
covered one year time period. The study is helping to identify volatility of bank.
 There are many stocks operating in the stock markets. But this study is limited to the
stock of Kotak Mahindra Bank.
 There are many banks in our banking system which is listed in BSE and NSE. But also
this study is confined to the Kotak Mahindra Bank which is also listed.
 The scope of the study is confined to the stock market. The study includes data related to
the stock movements of Kotak Mahindra Bank Ltd. in Equity and Derivative market.
 I have chosen the topic “stock analysis of Kotak Mahindra Bank Ltd.” which only helps
the investors in the form of investing money in Kotak Mahindra Bank stock.

4.4 Research design

The research design is the structure with in which research is conducted. A research design is the
arrangement of conditions for the collections and analysis of the data in a manner that aims to
combine to the research purpose. It constitutes the collection , measurement & analysis of data.
Research design gives an outline of everything from defining the problems in terms of objectives
to final analysis of data.

4.4.1 Types of research design

 Descriptive Research
 Analytical Research
 Fundamental Research
 Exploratory Research
 Conceptual Research

In this report, Analytical Research design was taken. In analytical Research, I had used
information or facts which is already available and analyzed that to make critical evaluation
about the stock price movements of Kotak Mahindra Bank.

It involves the in depth study and evaluation of available information in an attempt to explain
complex phenomenon. It is primary concerned with testing hypothesis and specifying and
interpreting relationship by analyzing the facts or information already available.

4.5 Sample Design

A sample design is made up of two elements. Sampling method refers to the rules and procedure
by which some elements are included in the sample.
Some common methods are:
 Random sampling
 Stratified sampling
 Cluster sampling
4.6 Data Collection
The task of data collection begins after a research problem has been defined and research design
chalked out. Collection of data is the first step in any statistical investigation.
Collection of data is a very important function. The success and failure of investigation mainly
depends upon the quality of data. Adequacy and accuracy of data is essential to arrive at correct
conclusion.
The person who is collecting statistical data has to observe self-restraint, confidence, Patience,
caution and unbiased attitude while collecting data. .

My research is based on the stock prices of Kotak Mahindra Bank listed under NSE i.e. National
Stock Exchange. Stock prices of last 1 year from 1st October, 2016 to 30thSeptember, 2017 have
been taken in this research. The study aims at analyzing the price movements of selected Bank
scraps. The closing prices of share prices were taken and the future price movement was
analyzed using various tools. Data has been collected from trading of equity market in NSE,
various books, journals, magazines and websites. The research is based on tools of technical
analysis and involves the calculation of Correlation of stock price with Nifty 50 and its Industry
stock. In this project simple moving average is taken to compare the up and down movements in
stock price of Kotak Mahindra Bank with Nifty 50 & Nifty Bank (Industrial Stock).

There are two types of data by which analysis can be done. These are as follows:
 Primary data
 Secondary data

DATA SOURCES

PRIMARY SECONDARY
DATA DATA

 PRIMARY DATA

The data that is collected first hand by someone specifically for the purpose of facilitating the
study is known as primary data. Primary Data is collected in the course of doing experiments,
performing surveys or by observation or direct communication with respondents.
  SECONDARY DATA

A Researcher can obtain secondary data from various sources. Secondary data may either be
published data or unpublished data. The chief sources of Secondary data are Magazines,
Newspapers and Journals etc.

For the information of company & stock market researcher has used the Secondary Data like
website of company, website of stock exchange, books etc.

4.7 Limitations of the study

1. The Study is restricted to Kotak Mahindra Bank Ltd.
2. The Study is confined to a period of one year, from 1st OCT, 2016 to 30th SEP, 2017 for
assessing the performance of Kotak Mahindra Bank Ltd.
3. The survey for the study was undertaken during the period of Oct and Nov of the year 2017.
4. This study focuses on the shareholders of Kotak Mahindra Bank Ltd. only and who wants to
invest in this company.
5. The accuracy is limited as the data collection was strictly confined to secondary sources.
 CHAPTER-5

DATA
ANALYSIS
&
INTERPRETATION
 QUATERLY ANALYSIS OF STOCK PERFORMANCE OF
KOTAK MAHINDRA BANK

October 2016-December 2016

Closing Closing Closing

Date Date Closing Price Date Date
Price Price Price
03-Oct-16 199.45 27-Oct-16 197.73 21-Nov-16 187.8 13-Dec-16 186.9
04-Oct-16 200.27 28-Oct-16 198.42 22-Nov-16 188.41 14-Dec-16 186.85
05-Oct-16 199.02 30-Oct-16 197.32 23-Nov-16 189 15-Dec-16 185.87
06-Oct-16 196.65 01-Nov-16 197.28 24-Nov-16 186.36 16-Dec-16 185.44
07-Oct-16 196.56 02-Nov-16 195.16 25-Nov-16 189.01 19-Dec-16 185.72
10-Oct-16 196.87 03-Nov-16 194.6 28-Nov-16 187.4 20-Dec-16 183.36
13-Oct-16 193.3 04-Nov-16 193.16 29-Nov-16 186.7 21-Dec-16 183.52
14-Oct-16 193.5 07-Nov-16 196.01 30-Nov-16 189 22-Dec-16 181.32
17-Oct-16 193.6 08-Nov-16 197.73 01-Dec-16 188 23-Dec-16 180.89
18-Oct-16 197.92 09-Nov-16 198.69 02-Dec-16 185.05 26-Dec-16 179.15
19-Oct-16 196.33 10-Nov-16 204.24 05-Dec-16 187.11 27-Dec-16 181.02
20-Oct-16 198.69 11-Nov-16 202.25 06-Dec-16 187.05 28-Dec-16 181.34
21-Oct-16 200.14 15-Nov-16 196.01 07-Dec-16 185.74 29-Dec-16 182.13
24-Oct-16 202.88 16-Nov-16 194.81 08-Dec-16 188.07 30-Dec-16 185
25-Oct-16 200.98 17-Nov-16 193.64 09-Dec-16 190.1
26-Oct-16 197.4 18-Nov-16 192.18 12-Dec-16 187.3
TABLE 5.1

Closing Price
210
205
200
195
190
185 Closing Price
180
175
170
165
03-Oct-16 03-Nov-16 03-Dec-16

FIGURE 5.1
INTERPRETATION:
The figure 5.1 shows the closing price of Kotak Mahindra Bank. On 3rd October
2016, closing price is 199.45 which decreased to 185 at the end of quarter on 30 th
December 2016 due to various Ups & Downs in stock market.
January 2017-March 2017
CLOSING CLOSING CLOSING CLOSING
DATE DATE DATE DATE
PRICE PRICE PRICE PRICE
02-Jan-17 182.92 24-Jan-17 192.55 16-Feb-17 205.2 14-Mar-17 213.99
03-Jan-17 183.57 25-Jan-17 197.32 17-Feb-17 208.54 15-Mar-17 214
04-Jan-17 182.19 27-Jan-17 200.2 20-Feb-17 208.99 16-Mar-17 215.05
05-Jan-17 184.45 30-Jan-17 199.02 21-Feb-17 211 17-Mar-17 214.12
06-Jan-17 185.85 31-Jan-17 197.64 22-Feb-17 210.61 20-Mar-17 213.62
09-Jan-17 186.22 01-Feb-17 203.6 23-Feb-17 210.6 21-Mar-17 212.8
10-Jan-17 186.2 02-Feb-17 203.95 27-Feb-17 208.81 22-Mar-17 210.68
11-Jan-17 190.67 03-Feb-17 204.76 28-Feb-17 208.55 23-Mar-17 211.45
12-Jan-17 191.45 06-Feb-17 207.43 01-Mar-17 210.61 24-Mar-17 214.99
13-Jan-17 192.05 07-Feb-17 206 02-Mar-17 208.78 27-Mar-17 213.87
16-Jan-17 194.15 08-Feb-17 206.24 03-Mar-17 208 28-Mar-17 215.27
17-Jan-17 194.01 09-Feb-17 204.86 06-Mar-17 209.9 29-Mar-17 216.1
18-Jan-17 194.33 10-Feb-17 204.87 07-Mar-17 209.35 30-Mar-17 225.77
19-Jan-17 193.77 13-Feb-17 205.29 08-Mar-17 209.36 31-Mar-17 217.84
20-Jan-17 192 14-Feb-17 205.12 09-Mar-17 210.4
23-Jan-17 192.13 15-Feb-17 204.59 10-Mar-17 211.02
TABLE 5.2

CLOSING PRICE
250

200

150

CLOSING PRICE
100

50

0
02-Jan-17 02-Feb-17 02-Mar-17

FIGURE 5.2

INTERPRETATION:
The figure 5.2 shows the closing price of Kotak Mahindra Bank. On 2nd January
2017, closing price is 182.92 which was increased to 216.1 at the end of quarter on
31st March 2017 due to various Ups & Downs in stock market.
April 2017-June 2017
CLOSING CLOSING CLOSING CLOSING
DATE DATE DATE DATE
PRICE PRICE PRICE PRICE
03-Apr-17 216.82 27-Apr-17 226.72 22-May-17 229.59 13-Jun-17 238.88
05-Apr-17 219.68 28-Apr-17 226.71 23-May-17 228.58 14-Jun-17 239
06-Apr-17 220.05 02-May-17 226.71 24-May-17 227.72 15-Jun-17 239.49
07-Apr-17 218 03-May-17 226.36 25-May-17 233.57 16-Jun-17 238.91
10-Apr-17 218.36 04-May-17 230.1 26-May-17 236.46 19-Jun-17 240.35
11-Apr-17 221.34 05-May-17 228.08 29-May-17 236.25 20-Jun-17 241.45
12-Apr-17 219.83 08-May-17 230.28 30-May-17 236.24 21-Jun-17 240.03
13-Apr-17 220.5 09-May-17 230 31-May-17 237.29 22-Jun-17 240.95
17-Apr-17 220 10-May-17 230.94 01-Jun-17 236.53 23-Jun-17 238.53
18-Apr-17 219.9 11-May-17 231 02-Jun-17 236.46 27-Jun-17 236.2
19-Apr-17 218.75 12-May-17 229.76 05-Jun-17 237.7 28-Jun-17 236
20-Apr-17 218.9 15-May-17 230.62 06-Jun-17 237.5 29-Jun-17 237
21-Apr-17 218.18 16-May-17 232.24 07-Jun-17 239 30-Jun-17 236.08
24-Apr-17 222.06 17-May-17 232.51 08-Jun-17 239.57
25-Apr-17 223.07 18-May-17 230.7 09-Jun-17 241.42
26-Apr-17 225.5 19-May-17 230.58 12-Jun-17 239.24
TABLE 5.3

CLOSING PRICE
245
240
235
230
225
220 CLOSING PRICE
215
210
205
200
03-Apr-17 03-May-17 03-Jun-17

FIGURE 5.3

INTERPRETATION:
The figure 5.3 shows the closing price of Kotak Mahindra Bank. On 3rd April 2017,
closing price is 216.82 which was increased to 236.08 at the end of quarter on 30th
June 2017 due to various Ups & Downs in stock market.
July 2017-September 2017
CLOSING CLOSING CLOSING CLOSING
DATE PRICE DATE PRICE DATE PRICE DATE PRICE
03-Jul-17 236.51 25-Jul-17 249.98 17-Aug-17 248.22 11-Sep-17 252.46
04-Jul-17 236.75 26-Jul-17 251.52 18-Aug-17 246.7 12-Sep-17 252.86
05-Jul-17 237.82 27-Jul-17 254.84 21-Aug-17 245.99 13-Sep-17 252.33
06-Jul-17 240.09 28-Jul-17 253.89 22-Aug-17 245.87 14-Sep-17 254.23
07-Jul-17 238.79 31-Jul-17 255 23-Aug-17 247.73 15-Sep-17 252.97
10-Jul-17 241 01-Aug-17 256.43 24-Aug-17 248.3 18-Sep-17 254.63
11-Jul-17 241.98 02-Aug-17 256.07 28-Aug-17 249.16 19-Sep-17 255.51
12-Jul-17 242.71 03-Aug-17 253.1 29-Aug-17 246.57 20-Sep-17 254.15
13-Jul-17 244.05 04-Aug-17 254.53 30-Aug-17 247.65 21-Sep-17 253.29
14-Jul-17 245.07 07-Aug-17 254.22 31-Aug-17 248.4 22-Sep-17 248.88
17-Jul-17 244.42 08-Aug-17 251.08 01-Sep-17 248.53 25-Sep-17 246.99
18-Jul-17 244.3 09-Aug-17 249.94 04-Sep-17 246.69 26-Sep-17 246.24
19-Jul-17 246.25 10-Aug-17 247.62 05-Sep-17 247.59 27-Sep-17 245.22
20-Jul-17 247.99 11-Aug-17 244.63 06-Sep-17 247.84 28-Sep-17 245.98
21-Jul-17 248 14-Aug-17 247 07-Sep-17 247.89 29-Sep-17 245.96
24-Jul-17 248.95 16-Aug-17 250.14 08-Sep-17 248
TABLE 5.4

CLOSING PRICE
260

255

250

245

240 CLOSING PRICE

235

230

225
03-Jul-17 03-Aug-17 03-Sep-17

FIGURE 5.4
INTERPRETATION:
 Correlation between Kotak Mahindra Bank & Nifty 50.

S. No. X Y X-Ẍ Y-Ῡ (X-Ẍ)² (Y-Ῡ)² (X-Ẍ)(Y-Ῡ)

1 197.73 8666.74 -15.31 -438.74 234.39 192492.78 6717.1
2 193.06 8250.75 -19.98 -854.73 399.2 730563.37 17077.5
3 184.71 8114.02 -28.33 -991.46 802.58 982992.93 28088.06
4 191.08 8386.2 -21.96 -719.28 482.24 517363.71 15795.38
5 196.5 8813.34 -16.54 -292.14 273.57 85345.77 4831.99
6 213.04 9047.05 0 -58.43 0 3414.06 0
7 220.79 9214.57 7.75 109.09 60.06 11900.62 845.44
8 221.11 9436.98 8.07 331.5 65.12 109892.25 2675.205
9 227.74 9606.95 14.7 501.47 216.09 251472.16 7371.6
10 234.08 9850.11 21.04 744.63 442.68 554473.83 15667.01
11 238.15 9901.18 25.11 795.7 630.51 633138.49 19980.27
12 238.55 9977.91 25.51 872.43 650.76 761134.1 22255.68
Σ(X-Ẍ)² Σ(Y-Ῡ)² Σ(X-Ẍ)(Y-Ῡ)
ΣX=2556.54 ΣY=109265.8
=4257.2 =4834184.07 =141305.235

X= Average of closing price of Kotak Mahindra Bank. Ẍ= 213.045

Y= Average of closing price of Nifty 50. Ῡ= 9105.48

Correlation (r) = Σ(X-Ẍ)(Y-Ῡ)

√Σ(X-Ẍ)² √Σ(Y-Ῡ)²

(r) = 141305.235 = 0.98

√4257.2 √4834184.07

INTERPRETATION:
Correlation between the Kotak Mahindra Bank & Nifty 50 is 0.98 or 98%. This shows the
positive correlation between them, it means when the prices of Nifty will increases then the
prices of bank will also increases & vice-versa.
 Correlation between Kotak Mahindra Bank & Nifty Bank.

S.
No. X Y X-Ẍ Y-Ῡ (X-Ẍ)² (Y-Ῡ)² (X-Ẍ)(Y-Ῡ)
1 197.73 19474.4 -15.31 -2014.4 234.39 4057807.36 30840.464
2 193.06 19006.4 -19.98 -2482.4 399.2 6162309.76 49638.312
3 184.71 18212.5 -28.33 -3276.3 802.58 10734141.69 92817.579
4 191.08 18810 -21.96 -2678.8 482.24 7175969.44 58826.448
5 196.5 20398.4 -16.54 -1090.4 273.57 1188972.16 18035.216
6 213.04 20982.2 0 -506.6 0 256643.56 0
7 220.79 21756.8 7.75 268 60.06 71824 2077
8 221.11 22825.6 8.07 1336.8 65.12 1787034.24 10787.976
9 227.74 23477 14.7 1988.2 216.09 3952939.24 29226.54
10 234.08 24030.8 21.04 2542 442.68 6461764 53483.68
11 238.15 24393.5 25.11 2904.7 630.51 8437282.09 72937.017
12 238.55 24498.1 25.51 3009.3 650.76 9055886.49 76767.243
Σ(X-Ẍ)² Σ(Y-Ῡ)² Σ(X-Ẍ)(Y-Ῡ)
ΣX=2556.54 ΣY=257865.6 =4257.2 =59342574.03 =495437.475

X= Average of closing price of Kotak Mahindra Bank.

Y= Average of closing price of Nifty Bank.

Correlation (r) = Σ(X-Ẍ)(Y-Ῡ)

√Σ(X-Ẍ)² √Σ(Y-Ῡ)²

(r) = 495437.475 = 0.98

√4257.2 √59342574.03

INTERPRETATION:
Correlation between the Kotak Mahindra Bank & Nifty Bank is 0.98 or 98%. Which shows the
highly positive correlation between them, It means when the prices of Nifty will increases then
the prices of bank will also increases & vice-versa.
 CHAPTER-6

FINDINGS,
CONCLUSION
&
SUGGESTIONS
Conclusion:

 The company’s overall position is at a good position. Particularly the current

year’s position is well due to a raise in the profit than the previous year. 

 It’s better for the organization to diversify the funds to different sectors in
the present market scenario. 

 Kotak Mahindra Bank is showing fluctuations in its profitability position in
the past few years, which is concluded with the financial statement analysis. 

 The Assets were increased but the working capital is decreased which says
that the firm is not able to meet its current liabilities. 

 The calculation of Current and Liquid Ratio will enable the creditors to
access the current financial position of the concern in relation to their debts. 

 Preparation of financial statements enables the government to find out
whether the organization is following various rules and regulations or not.
These statements provide a base for regulation of the company. 

 It is not only helpful to analyze the present financial position it also enables
to study the future prospects and the expansion plans of the concern. 
SUGGESTIONS:

 After the analysis of financial statements, it is clear that the company’s

status is not good, because the net working capital of the company has
decreased from last year’s position. 

 Company’s Profits are huge in the current year, it’s better to declare
dividend to shareholders. 

 The Company is utilizing its fixed assets, which majorly help in the growth
of the organization. The Company should maintain that perfectly. 

 The company’s Investments are raised from the inception, it gives the other
income i.e., interest on investments. 

 Steps have to be taken to increase the current assets position of the firm so as
to improve the liquidity position of the company. 

 Percentage of Debt to equity can be reduced so as to reduce the financial
risk. 

 Percentage of debt in capital can be reduced so as to reduce the financial
risk. 

 Steps can be taken to reduce the current liability of the firm so as to have a
stable financial position. 

 Steps can be taken to increase the net profit so as to increase the overall
financial performance. 
FINDINGS OF THE STUDY

By analyzing the stock prices of Kotak Mahindra Bank from 1 October, 2016 to 30
September, 2017 we can see the following results:

 According to the Balance sheet (March 2017) of Kotak Mahindra Bank the shareholders
fund is increasing at increasing rate of 15.25%. This shows there is a considerable
increase in the current assets with respect to current liabilities. In this situation the
company can easily manage the requirement for working capital to meet its day to day
expenses.

 The above table reveals the quarterly Kotak Mahindra Bank for the year 2016-2017. The
Company’s share price shows a slight amount of deviation. The company capital, surplus
and reserves also didn’t show much of deviation. Finally it can be concluded that the
company’s financial position is satisfied.

 From the above graph it can be observed that there is fluctuating trend in stock prices on
Larsen & toubro during the study period. In the year 2016-2017 it increased from 1.36 to
1.39. It again increased to 1.41 in the year 2013. In the year 2014 it decreased to 1.25.
The management should take remedial measures to improve the present position.

 The trend analysis for the above years shows a very good amount increase. This is mainly
due to the reason that these data’s have been arrived in comparison with the last 5 years
current assets value. There was a phenomenal increase in growth in term of assets during
2016-2017 and this is one of the major reasons that the projections are showing a good
increase. In reality if we assume that the same increase in trend continues in 2017-2018.
 CHAPTER-7
BIBLIOGRAPHY
 Web Preferences:
 www.kotakmahindrabank.com
 www.moneycontrol.com
 www.nseindia.com
 www.scribd.com
 www.economictimes.com
 www.google.com

 Book Preferences:
 Business Statistics, Archana Bhatia & Mukesh Bansal.
ANNEXURE
CLOSING PRICE OF KOTAK MAHINDRA BANK

Date Closing Price Date Closing Price Date Closing Price

03-Oct-16 199.45 01-Nov-16 197.28 01-Dec-16 188

04-Oct-16 200.27 02-Nov-16 195.16 02-Dec-16 185.05

05-Oct-16 199.02 03-Nov-16 194.6 05-Dec-16 187.11

06-Oct-16 196.65 04-Nov-16 193.16 06-Dec-16 187.05

07-Oct-16 196.56 07-Nov-16 196.01 07-Dec-16 185.74

10-Oct-16 196.87 08-Nov-16 197.73 08-Dec-16 188.07

13-Oct-16 193.3 09-Nov-16 198.69 09-Dec-16 190.1

14-Oct-16 193.5 10-Nov-16 204.24 12-Dec-16 187.3

17-Oct-16 193.6 11-Nov-16 202.25 13-Dec-16 186.9

18-Oct-16 197.92 15-Nov-16 196.01 14-Dec-16 186.85

19-Oct-16 196.33 16-Nov-16 194.81 15-Dec-16 185.87

20-Oct-16 198.69 17-Nov-16 193.64 16-Dec-16 185.44

21-Oct-16 200.14 18-Nov-16 192.18 19-Dec-16 185.72

24-Oct-16 202.88 21-Nov-16 187.8 20-Dec-16 183.36

25-Oct-16 200.98 22-Nov-16 188.41 21-Dec-16 183.52

26-Oct-16 197.4 23-Nov-16 189 22-Dec-16 181.32

27-Oct-16 197.73 24-Nov-16 186.36 23-Dec-16 180.89

28-Oct-16 198.42 25-Nov-16 189.01 26-Dec-16 179.15

30-Oct-16 197.32 28-Nov-16 187.4 27-Dec-16 181.02

29-Nov-16 186.7 28-Dec-16 181.34

30-Nov-16 189 29-Dec-16 182.13

30-Dec-16 185
 Date Closing Price Date Closing Price Date Closing Price

02-Jan-17 182.92 01-Feb-17 203.6 01-Mar-17 210.61

03-Jan-17 183.57 02-Feb-17 203.95 02-Mar-17 208.78

04-Jan-17 182.19 03-Feb-17 204.76 03-Mar-17 208

05-Jan-17 184.45 06-Feb-17 207.43 06-Mar-17 209.9

06-Jan-17 185.85 07-Feb-17 206 07-Mar-17 209.35

09-Jan-17 186.22 08-Feb-17 206.24 08-Mar-17 209.36

10-Jan-17 186.2 09-Feb-17 204.86 09-Mar-17 210.4

11-Jan-17 190.67 10-Feb-17 204.87 10-Mar-17 211.02

12-Jan-17 191.45 13-Feb-17 205.29 14-Mar-17 213.99

13-Jan-17 192.05 14-Feb-17 205.12 15-Mar-17 214

16-Jan-17 194.15 15-Feb-17 204.59 16-Mar-17 215.05

17-Jan-17 194.01 16-Feb-17 205.2 17-Mar-17 214.12

18-Jan-17 194.33 17-Feb-17 208.54 20-Mar-17 213.62

19-Jan-17 193.77 20-Feb-17 208.99 21-Mar-17 212.8

20-Jan-17 192 21-Feb-17 211 22-Mar-17 210.68

23-Jan-17 192.13 22-Feb-17 210.61 23-Mar-17 211.45

24-Jan-17 192.55 23-Feb-17 210.6 24-Mar-17 214.99

25-Jan-17 197.32 27-Feb-17 208.81 27-Mar-17 213.87

27-Jan-17 200.2 28-Feb-17 208.55 28-Mar-17 215.27

30-Jan-17 199.02 29-Mar-17 216.1

31-Jan-17 197.64 30-Mar-17 225.77

31-Mar-17 217.84
 Date Closing Price Date Closing Price Date Closing Price

03-Apr-17 216.82 02-May-17 226.71 01-Jun-17 236.53

05-Apr-17 219.68 03-May-17 226.36 02-Jun-17 236.46

06-Apr-17 220.05 04-May-17 230.1 05-Jun-17 237.7

07-Apr-17 218 05-May-17 228.08 06-Jun-17 237.5

10-Apr-17 218.36 08-May-17 230.28 07-Jun-17 239

11-Apr-17 221.34 09-May-17 230 08-Jun-17 239.57

12-Apr-17 219.83 10-May-17 230.94 09-Jun-17 241.42

13-Apr-17 220.5 11-May-17 231 12-Jun-17 239.24

17-Apr-17 220 12-May-17 229.76 13-Jun-17 238.88

18-Apr-17 219.9 15-May-17 230.62 14-Jun-17 239

19-Apr-17 218.75 16-May-17 232.24 15-Jun-17 239.49

20-Apr-17 218.9 17-May-17 232.51 16-Jun-17 238.91

21-Apr-17 218.18 18-May-17 230.7 19-Jun-17 240.35

24-Apr-17 222.06 19-May-17 230.58 20-Jun-17 241.45

25-Apr-17 223.07 22-May-17 229.59 21-Jun-17 240.03

26-Apr-17 225.5 23-May-17 228.58 22-Jun-17 240.95

27-Apr-17 226.72 24-May-17 227.72 23-Jun-17 238.53

28-Apr-17 226.71 25-May-17 233.57 27-Jun-17 236.2

26-May-17 236.46 28-Jun-17 236

29-May-17 236.25 29-Jun-17 237

30-May-17 236.24 30-Jun-17 236.08

31-May-17 237.29
 Date Closing Price Date Closing Price Date Closing Price

03-Jul-17 236.51 01-Aug-17 256.43 01-Sep-17 248.53

04-Jul-17 236.75 02-Aug-17 256.07 04-Sep-17 246.69

05-Jul-17 237.82 03-Aug-17 253.1 05-Sep-17 247.59

06-Jul-17 240.09 04-Aug-17 254.53 06-Sep-17 247.84

07-Jul-17 238.79 07-Aug-17 254.22 07-Sep-17 247.89

10-Jul-17 241 08-Aug-17 251.08 08-Sep-17 248

11-Jul-17 241.98 09-Aug-17 249.94 11-Sep-17 252.46

12-Jul-17 242.71 10-Aug-17 247.62 12-Sep-17 252.86

13-Jul-17 244.05 11-Aug-17 244.63 13-Sep-17 252.33

14-Jul-17 245.07 14-Aug-17 247 14-Sep-17 254.23

17-Jul-17 244.42 16-Aug-17 250.14 15-Sep-17 252.97

18-Jul-17 244.3 17-Aug-17 248.22 18-Sep-17 254.63

19-Jul-17 246.25 18-Aug-17 246.7 19-Sep-17 255.51

20-Jul-17 247.99 21-Aug-17 245.99 20-Sep-17 254.15

21-Jul-17 248 22-Aug-17 245.87 21-Sep-17 253.29

24-Jul-17 248.95 23-Aug-17 247.73 22-Sep-17 248.88

25-Jul-17 249.98 24-Aug-17 248.3 25-Sep-17 246.99

26-Jul-17 251.52 28-Aug-17 249.16 26-Sep-17 246.24

27-Jul-17 254.84 29-Aug-17 246.57 27-Sep-17 245.22

28-Jul-17 253.89 30-Aug-17 247.65 28-Sep-17 245.98

31-Jul-17 255 31-Aug-17 248.4 29-Sep-17 245.96

 CLOSING PRICE OF NIFTY 50

Date Closing Price Date Closing Price Date Closing Price

03-Oct-16 8738.1 01-Nov-16 8626.25 01-Dec-16 8192.9

04-Oct-16 8769.15 02-Nov-16 8514 02-Dec-16 8086.8

05-Oct-16 8743.95 03-Nov-16 8484.95 05-Dec-16 8128.75

06-Oct-16 8709.55 04-Nov-16 8433.75 06-Dec-16 8143.15

07-Oct-16 8697.6 07-Nov-16 8497.05 07-Dec-16 8102.05

10-Oct-16 8708.8 08-Nov-16 8543.55 08-Dec-16 8246.85

13-Oct-16 8573.35 09-Nov-16 8432 09-Dec-16 8261.75

14-Oct-16 8583.4 10-Nov-16 8525.75 12-Dec-16 8170.8

17-Oct-16 8520.4 11-Nov-16 8296.3 13-Dec-16 8221.8

18-Oct-16 8677.9 15-Nov-16 8108.45 14-Dec-16 8182.45

19-Oct-16 8659.1 16-Nov-16 8111.6 15-Dec-16 8153.6

20-Oct-16 8699.4 17-Nov-16 8079.95 16-Dec-16 8139.45

21-Oct-16 8693.05 18-Nov-16 8074.1 19-Dec-16 8104.35

24-Oct-16 8708.95 21-Nov-16 7929.1 20-Dec-16 8082.4

25-Oct-16 8691.3 22-Nov-16 8002.3 21-Dec-16 8061.3

26-Oct-16 8615.25 23-Nov-16 8033.3 22-Dec-16 7979.1

27-Oct-16 8615.25 24-Nov-16 7965.5 23-Dec-16 7985.75

28-Oct-16 8638 25-Nov-16 8114.3 26-Dec-16 7908.25

30-Oct-16 8625.7 28-Nov-16 8126.9 27-Dec-16 8032.85

29-Nov-16 8142.15 28-Dec-16 8034.85

30-Nov-16 8224.5 29-Dec-16 8103.6

30-Dec-16 8185.8
 Date Closing Price Date Closing Price Date Closing Price

02-Jan-17 8179.5 01-Feb-17 8716.4 01-Mar-17 8945.8

03-Jan-17 8192.25 02-Feb-17 8734.25 02-Mar-17 8899.75

04-Jan-17 8190.5 03-Feb-17 8740.95 03-Mar-17 8897.55

05-Jan-17 8273.8 06-Feb-17 8801.05 06-Mar-17 8963.45

06-Jan-17 8243.8 07-Feb-17 8768.3 07-Mar-17 8946.9

09-Jan-17 8236.05 08-Feb-17 8769.05 08-Mar-17 8924.3

10-Jan-17 8288.6 09-Feb-17 8778.4 09-Mar-17 8927

11-Jan-17 8380.65 10-Feb-17 8793.55 10-Mar-17 8934.55

12-Jan-17 8407.2 13-Feb-17 8805.05 14-Mar-17 9087

13-Jan-17 8400.35 14-Feb-17 8792.3 15-Mar-17 9084.8

16-Jan-17 8412.8 15-Feb-17 8724.7 16-Mar-17 9153.7

17-Jan-17 8398 16-Feb-17 8778 17-Mar-17 9160.05

18-Jan-17 8417 17-Feb-17 8821.7 20-Mar-17 9126.85

19-Jan-17 8435.1 20-Feb-17 8879.2 21-Mar-17 9121.5

20-Jan-17 8349.35 21-Feb-17 8907.85 22-Mar-17 9030.45

23-Jan-17 8391.5 22-Feb-17 8926.9 23-Mar-17 9086.3

24-Jan-17 8475.8 23-Feb-17 8939.5 24-Mar-17 9108

25-Jan-17 8602.75 27-Feb-17 8896.7 27-Mar-17 9045.2

27-Jan-17 8641.25 28-Feb-17 8879.6 28-Mar-17 9100.8

30-Jan-17 8632.75 29-Mar-17 9143.8

31-Jan-17 8561.3 30-Mar-17 9173.75

31-Mar-17 9173.75
 Date Closing Price Date Closing Price Date Closing Price

03-Apr-17 9237.85 02-May-17 9313.8 01-Jun-17 9616.1

05-Apr-17 9265.15 03-May-17 9311.95 02-Jun-17 9653.5

06-Apr-17 9261.95 04-May-17 9359.9 05-Jun-17 9675.1

07-Apr-17 9198.3 05-May-17 9285.3 06-Jun-17 9637.15

10-Apr-17 9181.45 08-May-17 9314.05 07-Jun-17 9663.9

11-Apr-17 9237 09-May-17 9316.85 08-Jun-17 9647.25

12-Apr-17 9203.45 10-May-17 9407.3 09-Jun-17 9668.25

13-Apr-17 9150.8 11-May-17 9422.4 12-Jun-17 9616.4

17-Apr-17 9139.3 12-May-17 9400.9 13-Jun-17 9606.9

18-Apr-17 9105.15 15-May-17 9445.4 14-Jun-17 9618.15

19-Apr-17 9103.5 16-May-17 9512.25 15-Jun-17 9578.05

20-Apr-17 9136.4 17-May-17 9525.75 16-Jun-17 9588.05

21-Apr-17 9119.4 18-May-17 9429.45 19-Jun-17 9657.55

24-Apr-17 9217.95 19-May-17 9427.9 20-Jun-17 9653.5

25-Apr-17 9306.6 22-May-17 9438.25 21-Jun-17 9633.6

26-Apr-17 9351.85 23-May-17 9386.15 22-Jun-17 9630

27-Apr-17 9342.15 24-May-17 9360.55 23-Jun-17 9574.95

28-Apr-17 9304.05 25-May-17 9509.75 27-Jun-17 9511.4

26-May-17 9595.1 28-Jun-17 9491.25

29-May-17 9604.9 29-Jun-17 9504.1

30-May-17 9624.55 30-Jun-17 9520.9

31-May-17 9621.25
 Date Closing Price Date Closing Price Date Closing Price

03-Jul-17 9615 01-Aug-17 10114.65 01-Sep-17 9974.4

04-Jul-17 9613.3 02-Aug-17 10081.5 04-Sep-17 9912.85

05-Jul-17 9637.6 03-Aug-17 10013.65 05-Sep-17 9952.2

06-Jul-17 9674.55 04-Aug-17 10066.4 06-Sep-17 9916.2

07-Jul-17 9665.8 07-Aug-17 10057.4 07-Sep-17 9929.9

10-Jul-17 9771.05 08-Aug-17 9978.55 08-Sep-17 9934.8

11-Jul-17 9786.05 09-Aug-17 9908.05 11-Sep-17 10006.05

12-Jul-17 9816.1 10-Aug-17 9820.25 12-Sep-17 10093.05

13-Jul-17 9891.7 11-Aug-17 9710.8 13-Sep-17 10079.3

14-Jul-17 9886.35 14-Aug-17 9794.15 14-Sep-17 10086.6

17-Jul-17 9915.95 16-Aug-17 9897.3 15-Sep-17 10085.4

18-Jul-17 9827.15 17-Aug-17 9904.15 18-Sep-17 10153.1

19-Jul-17 9899.6 18-Aug-17 9837.4 19-Sep-17 10147.55

20-Jul-17 9873.3 21-Aug-17 9754.35 20-Sep-17 10141.15

21-Jul-17 9915.25 22-Aug-17 9765.55 21-Sep-17 10121.9

24-Jul-17 9966.4 23-Aug-17 9852.5 22-Sep-17 9964.4

25-Jul-17 9964.55 24-Aug-17 9857.05 25-Sep-17 9872.6

26-Jul-17 10020.65 28-Aug-17 9912.8 26-Sep-17 9871.5

27-Jul-17 10020.55 29-Aug-17 9796.05 27-Sep-17 9735.75

28-Jul-17 10014.5 30-Aug-17 9884.4 28-Sep-17 9768.95

31-Jul-17 10077.1 31-Aug-17 9917.9 29-Sep-17 9788.6

 CLOSING PRICE OF NIFTY BANK

Date Closing Price Date Closing Price Date Closing Price

03-Oct-16 19589.05 01-Nov-16 19458.6 01-Dec-16 18428.45

04-Oct-16 19672.7 02-Nov-16 19227.9 02-Dec-16 18247.65

05-Oct-16 19536.85 03-Nov-16 19178.7 05-Dec-16 18408.9

06-Oct-16 19395.05 04-Nov-16 19058.1 06-Dec-16 18420.9

07-Oct-16 19400.1 07-Nov-16 19356 07-Dec-16 18234.15

10-Oct-16 19378.55 08-Nov-16 19500.8 08-Dec-16 18515.45

13-Oct-16 18954.25 09-Nov-16 19518.25 09-Dec-16 18695.8

14-Oct-16 19020.15 10-Nov-16 20200.25 12-Dec-16 18392.95

17-Oct-16 19070.4 11-Nov-16 19738.8 13-Dec-16 18466.05

18-Oct-16 19495.05 15-Nov-16 19289.75 14-Dec-16 18341.5

19-Oct-16 19412.1 16-Nov-16 19108.1 15-Dec-16 18401.15

20-Oct-16 19658.7 17-Nov-16 19087.85 16-Dec-16 18312.8

21-Oct-16 19710.9 18-Nov-16 18959.05 19-Dec-16 18257.05

24-Oct-16 19807.9 21-Nov-16 18446.4 20-Dec-16 18069.4

25-Oct-16 19834.9 22-Nov-16 18548.65 21-Dec-16 18084.5

26-Oct-16 19483.6 23-Nov-16 18540.9 22-Dec-16 17891.45

27-Oct-16 19514.6 24-Nov-16 18256.1 23-Dec-16 17884

28-Oct-16 19555.95 25-Nov-16 18507.3 26-Dec-16 17655.55

30-Oct-16 19523.55 28-Nov-16 18301.45 27-Dec-16 17879.55

29-Nov-16 18223.75 28-Dec-16 17876.7

30-Nov-16 18627.8 29-Dec-16 18033.15

30-Dec-16 18177.2
 Date Closing Price Date Closing Price Date Closing Price

02-Jan-17 17969.6 01-Feb-17 20020.6 01-Mar-17 20783.75

03-Jan-17 18035.6 02-Feb-17 20070.3 02-Mar-17 20560.05

04-Jan-17 17891 03-Feb-17 20196.8 03-Mar-17 20495.6

05-Jan-17 18115.95 06-Feb-17 20371.6 06-Mar-17 20663.65

06-Jan-17 18264 07-Feb-17 20327.25 07-Mar-17 20627.5

09-Jan-17 18286.65 08-Feb-17 20245.4 08-Mar-17 20676.55

10-Jan-17 18409.6 09-Feb-17 20151.15 09-Mar-17 20721.35

11-Jan-17 18830 10-Feb-17 20213.9 10-Mar-17 20727.55

12-Jan-17 18873.95 13-Feb-17 20251.8 14-Mar-17 21102.7

13-Jan-17 18912.1 14-Feb-17 20258.1 15-Mar-17 21157.9

16-Jan-17 19096.45 15-Feb-17 20163.7 16-Mar-17 21249.9

17-Jan-17 19067.05 16-Feb-17 20243.7 17-Mar-17 21175.05

18-Jan-17 19164.5 17-Feb-17 20551.35 20-Mar-17 21110.25

19-Jan-17 19124.25 20-Feb-17 20677.1 21-Mar-17 21019

20-Jan-17 18820.8 21-Feb-17 20860.95 22-Mar-17 20781.35

23-Jan-17 18842.7 22-Feb-17 20868.45 23-Mar-17 20895.5

24-Jan-17 19023.5 23-Feb-17 20876.65 24-Mar-17 21122.55

25-Jan-17 19473.2 27-Feb-17 20613.05 27-Mar-17 21056.9

27-Jan-17 19708.3 28-Feb-17 20607.25 28-Mar-17 21225.4

30-Jan-17 19585.25 29-Mar-17 21391.15

31-Jan-17 19515.15 30-Mar-17 21620.7

31-Mar-17 21444.15
 Date Closing Price Date Closing Price Date Closing Price

03-Apr-17 21547.75 02-May-17 22341.35 01-Jun-17 23310.15

05-Apr-17 21652.7 03-May-17 22307.3 02-Jun-17 23375.9

06-Apr-17 21622.95 04-May-17 22720.1 05-Jun-17 23459.65

07-Apr-17 21431.15 05-May-17 22604.95 06-Jun-17 23416.3

10-Apr-17 21520.15 08-May-17 22767.35 07-Jun-17 23567.65

11-Apr-17 21736.15 09-May-17 22707.3 08-Jun-17 23536.1

12-Apr-17 21666.8 10-May-17 22830.35 09-Jun-17 23690.9

13-Apr-17 21686.6 11-May-17 22818.45 12-Jun-17 23470.45

17-Apr-17 21647.6 12-May-17 22671.7 13-Jun-17 23477.85

18-Apr-17 21671.85 15-May-17 22821.5 14-Jun-17 23498.7

19-Apr-17 21556.35 16-May-17 22928.6 15-Jun-17 23391.75

20-Apr-17 21491.4 17-May-17 22935.95 16-Jun-17 23502.75

21-Apr-17 21551.45 18-May-17 22698.6 19-Jun-17 23742.15

24-Apr-17 21857.4 19-May-17 22769.8 20-Jun-17 23697.95

25-Apr-17 22054.7 22-May-17 22652.85 21-Jun-17 23708.75

26-Apr-17 22242.85 23-May-17 22582.8 22-Jun-17 23736.1

27-Apr-17 22326.3 24-May-17 22536.3 23-Jun-17 23542.75

28-Apr-17 22358.25 25-May-17 23190.8 27-Jun-17 23216.25

26-May-17 23362.2 28-Jun-17 23235.85

29-May-17 23182.75 29-Jun-17 23227.3

30-May-17 23307.25 30-Jun-17 23211.2

31-May-17 23424.8
 Date Closing Price Date Closing Price Date Closing Price

03-Jul-17 23272.8 01-Aug-17 25122.8 01-Sep-17 24434

04-Jul-17 23214.2 02-Aug-17 25055.2 04-Sep-17 24236.85

05-Jul-17 23352.6 03-Aug-17 24675.05 05-Sep-17 24328.3

06-Jul-17 23466.65 04-Aug-17 24827.45 06-Sep-17 24279.15

07-Jul-17 23449.15 07-Aug-17 24906.35 07-Sep-17 24304.9

10-Jul-17 23675.05 08-Aug-17 24599.5 08-Sep-17 24370.8

11-Jul-17 23584.6 09-Aug-17 24374.6 11-Sep-17 24672.25

12-Jul-17 23695.45 10-Aug-17 24217.35 12-Sep-17 24784.7

13-Jul-17 23888.65 11-Aug-17 23985.75 13-Sep-17 24831.8

14-Jul-17 23937.7 14-Aug-17 24115.75 14-Sep-17 24912.25

17-Jul-17 24015.05 16-Aug-17 24437.7 15-Sep-17 24844.3

18-Jul-17 24022.05 17-Aug-17 24237.25 18-Sep-17 25046.9

19-Jul-17 24152.65 18-Aug-17 24074.45 19-Sep-17 25041.55

20-Jul-17 24213.35 21-Aug-17 23936.5 20-Sep-17 24965.05

21-Jul-17 24257.05 22-Aug-17 23974.45 21-Sep-17 24799.25

24-Jul-17 24420.85 23-Aug-17 24316.8 22-Sep-17 24368.85

25-Jul-17 24520.7 24-Aug-17 24274.2 25-Sep-17 24165.05

26-Jul-17 24670.7 28-Aug-17 24377.1 26-Sep-17 24199.15

27-Jul-17 24922.4 29-Aug-17 24128.95 27-Sep-17 23812.95

28-Jul-17 24811.3 30-Aug-17 24308.7 28-Sep-17 24008.15

31-Jul-17 25103.65 31-Aug-17 24318.4 29-Sep-17 24053