Maruti Suzuki

Maruti Suzuki India Limited (NSE: MARUTI, BSE: 532500), commonly referred to as Maruti, is a subsidiary company of Japanese automaker Suzuki Motor Corporation. It has a market share of 44.9% of the Indian passenger car market as of March 2011. It was the first company in India to mass-produce and sell more than a million cars. It is largely credited for having brought in an automobile revolution to India. It is the market leader in India, and on 17 September 2007, Maruti Udyog Limited was renamed as Maruti Suzuki India Limited. The company's headquarters are located in New Delhi. In February 2012, the company sold its 10th million vehicle in India. Maruti Suzuki is India and Nepal's number one leading automobile manufacturer and the market leader in the car segment, both in terms of volume of vehicles sold and revenue earned. Until recently, 18.28% of the company was owned by the Indian government, and 54.2% by Suzuki of Japan. The BJP-led government held an initial public offering of 25% of the company in June 2003. As of 10 May 2007, the government of India sold its complete share to Indian financial institutions and no longer has any stake in Maruti Udyog. Relationship between the Government of India, under the United Front (India) coalition and Suzuki Motor Corporation over the joint was a point of heated debate in the Indian media till Suzuki Motor Corporation gained the controlling stake. This highly profitable joint venture that had a near monopolistic trade in the Indian automobile market and the nature of the partnership built up till then was the underlying reason for most issues. The success of the joint venture led Suzuki to increase its equity from 26% to 40% in 1987, and further to 50% in 1992. In 1982 both the venture partners had entered into an agreement to nominate their candidate for the post of Managing Director and every Managing Director will have a tenure of five years. To promote its bottom line growth, Maruti Suzuki launched Maruti Finance in January 2002. Prior to the start of this service Maruti Suzuki had started two joint ventures Citicorp Maruti and Maruti Countrywide with Citi Group and GE Countrywide respectively to assist its client in securing loan. Maruti Suzuki tied up with ABN Amro Bank, HDFC Bank, ICICI Limited, Kotak Mahindra, Standard Chartered Bank, and Sundaram to start this venture including its strategic partners in car finance. Again the company entered into a strategic partnership with SBI in March 2003 Since March 2003, Maruti has sold over 12,000 vehicles through SBIMaruti Finance. SBI-Maruti Finance is currently available in 166 cities across India. Citicorp Maruti Finance Limited is a joint venture between Citicorp Finance India and Maruti Udyog Limited its primary business stated by the company is "hire-purchase financing of Maruti Suzuki vehicles". Citi Finance India Limited is a wholly owned subsidiary of Citibank Overseas Investment Corporation, Delaware, which in turn is a 100% wholly owned subsidiary of Citibank N.A. Citi Finance India Limited holds 74% of the stake and Maruti Suzuki holds the remaining 26%. GE Capital, HDFC and Maruti Suzuki came together in 1995 to form Maruti Countrywide. Maruti claims that its finance program offers most competitive interest rates to its customers, which are lower by 0.25% to 0.5% from the market rates.

Period High: 1599.90

Period Low: 905.55

Change in market-cap: -5.13%

Date Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12

Open 1422 1280 1240 1414 1215 1267.65 1451.55 1558 1422 1430 1270 1215.7 1248 1320 1227 1155 1210.1 1080 1084.9 1121 985 930 1195 1268

High 1450 1305 1434 1431.9 1271.2 1496 1583 1599.9 1454.9 1452.2 1271.9 1345 1335 1333.9 1259 1224.9 1287 1161 1178 1152 1015.5 1224.8 1375 1428.2

Low 1258.35 1171 1230 1182 1201.9 1265.1 1451.55 1335.2 1346.8 1170 1145.5 1125.9 1216.8 1188.6 1087.15 1130.1 1048 1045 1010.45 910 905.55 916.85 1182 1249.7

CLOSE 1279.75 1236.95 1423.6 1198.15 1255.9 1440.95 1551.2 1423.75 1420.6 1252.8 1206.7 1263.55 1319.75 1227.5 1158.45 1207.9 1092.35 1081.4 1125.65 968.65 920.05 1187.55 1256.25 1349.1

SMA(10 MONTH)

1348.365 1341.06 1343.72 1333.335 1336.27 1326.525 1303.22 1257.335 1223.1 1193.605 1165.19 1136.525 1128.925 1122.575 1134.735

MEAN: 1243.6875 Standard deviation: 148.5516366 Percentage Returns={(Current Close-Previous close)/Previous close}*100

INTEPRETATION: The period of study is from April 1st 2010 March31st 2012. During April 2010 the starting price of the share was 1279.75 which gradually had its bears and bulls . during this tenure Simple Moving Average was taken for a period of 10 months and the average of 10 months from April till January 2011 was 1348.365. This clearly shows that the average price of the share has grown gradually and if an investor would have invested a minimum of 100 shares @ of 1279.5 during April 2010. By the end of Jan 2011 he would have made up a profit of 68.615 per share. But as we keep following the SMA for a period of 10 months for the entire tenure up till March 2012 its clearly evident that the price of Marutis share has reduced from 1348.365 to 1134.735. This could be due to certain fundamental factors that might have affect the company.

Date

Open

CLOSE

percentage

Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12

1422 1280 1240 1414 1215 1267.65 1451.55 1558 1422 1430 1270 1215.7 1248 1320 1227 1155 1210.1 1080 1084.9 1121 985 930 1195 1268

1279.75 1236.95 1423.6 1198.15 1255.9 1440.95 1551.2 1423.75 1420.6 1252.8 1206.7 1263.55 1319.75 1227.5 1158.45 1207.9 1092.35 1081.4 1125.65 968.65 920.05 1187.55 1256.25 1349.1

-9.631748049 -12.65402676 0.526074215 -15.39384952 -11.31589168 1.751226918 9.536419165 0.536666314 0.314232249 -11.53479504 -14.79009992 -10.77569467 -6.807188504 -13.32132896 -18.19722487 -14.70536313 -22.86480952 -23.63803269 -20.5133637 -31.59975991 -35.03159976 -16.1423578 -11.29117678 -4.734667938

Oil and Natural Gas Corporation

Oil and Natural Gas Corporation Limited (ONGC) (NSE: ONGC, BSE: 500312) is an Indian state-owned oil and gas company headquartered in New Delhi, India. It is one of the largest Asia-based oil and gas exploration and production companies, and produces around 77% of India's total crude oil production (and around 30% of total demand) and around 81% of natural gas production. ONGC is one of the largest publicly traded companies by market capitalization in India and the largest India-based company measured by profits. ONGC was founded on 14 August 1956 by the Indian state, which currently holds a 74.14% equity stake. It is involved in exploring for and exploiting hydrocarbons in 26 sedimentary basins of India, and owns and operates over 11,000 kilometres of pipelines in the country. In 2010, it was ranked 18th in the Platts Top 250 Global Energy Company Rankings and is ranked #361 globally in Fortune Global 500 list in 2011. Since its inception, ONGC has been instrumental in transforming the country's limited upstream sector into a large viable playing field, with its activities spread throughout India and significantly in overseas territories. In the inland areas, ONGC not only found new resources in Assam but also established new oil province in Cambay basin (Gujarat), while adding new petroliferous areas in the Assam-Arakan Fold Belt and East coast basins (both inland and offshore). ONGC went offshore in early 70's and discovered a giant oil field in the form of Bombay High, now known as Mumbai High. This discovery, along with subsequent discoveries of huge oil and gas fields in Western offshore changed the oil scenario of the country. Subsequently, over 5 billion tonnes of hydrocarbons, which were present in the country, were discovered. The most important contribution of ONGC, however, is its selfreliance and development of core competence in E&P activities at a globally competitive level. A turning point in the history of Indias oil sector was in 1994. While the oil sector was on the backburner of India's political realm for some time, is was brought to the forefront by the privatization of India's leading oil E&P organization, the ONGC. One of Asia's largest oil E&P companies, ONGC became a publicly held company as of February 1994, following the Indian government's decision to privatize. Eighty percent of ONGC assets were subsequently owned by the government, the other 20% were sold to the public. At this time, ONGC employed 48,000 people and had reserves and surpluses worth 104.34 billion, in addition to its intangible assets. The corporation's net worth of 107.77 billion was the largest of any Indian company. After its initial privatization, ONGC had authorized capital of 150 billion: it also met its need to raise 35 billion to invest in viable oil and gas projects. The Asian Development Bank (ADB) had also set a deadline for privatizing and restructuring at 30 June 1994, if loans were to be granted for development of two ONGC projects. As a consequence of the successful privatization, the loans were grantedUS$267 million for development of Gandhar Field, and US$300 million for the gas flaring reduction project in the Bombay Basin. The successfully formulated and implemented privatization strategy put ONGC at par with other large multinational and domestic oil companies.

Period High: 368.00

Period Low: 226.95

Change in market-cap: -2.8%

DATE
Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12

OPEN
275 263 298.5 327.5 311.25 336 354 330 313.75 323.5 298.35 273.7 291 309 282.5 288.1 272.05 270 263.25 276 271.3 259 274.3 294.95

HIGH
276.74 293.75 332.7 336.5 340 368 361.16 348.75 341.23 324.88 307.98 292.7 325.5 315.9 297.4 290.55 289.75 280 294.7 288.3 277 282.6 303.9 296.5

LOW
249.34 253.5 285 305.28 287.83 330.06 322.38 298 311.75 275.35 261 262.1 278.9 261.9 248 226.95 260.5 253.4 260.25 241.9 245 253.2 269.2 254.1

CLOSE
263.78 291.8 330.1 310.64 334.69 350.39 325.81 312.05 323.35 294.39 270.65 290.1 308.9 281.6 273.95 268.65 263.15 265.7 278.2 265.8 256.95 275.85 293.35 267.3

SMA (10 MONTH)

313.7 314.387 314.217 312.097 309.193 303.119 294.945 288.679 284.044 279.529 276.67 275.3 273.875 272.32 270.89

MEAN: 291.55 Standard deviation: 26.85096 Percentage Returns={(Current Close-Previous close)/Previous close}*100.

INTEPRETATION: The period of study is from April 1st 2010 March31st 2012. During April 2010 the starting price of the share was 263.78 which gradually had its bears and bull . During this tenure Simple Moving Average was taken for a period of 10 months and the average of 10 months from April till January 2011 was 313.7. This clearly shows that the average price of the share has grown gradually and if an investor would have invested a minimum of 100 shares @ of 263.78 during April 2010. By the end of Jan 2011 he would have made up a profit of 49.9 per share. But as we keep following the SMA for a period of 10 months for the entire tenure up till March 2012 its clearly evident that the price of ONGC share has reduced from 313.7 to 270.89. This could be due to certain fundamental factors that might have affect the company. Being a maha rathna and a wholly owned government company the volume of ONGC shares are traded a high volumes daily. Even though the returns are not that good but being a PSU the dividends we been given on 9th Sept 2010 ,20th Dec 2010 interm dividend was given, 18th Aug 2011 and interim dividend was also given on 6th Jan 2012. Bonus shares in the ratio 1:1 8th Feb 2011. This clearly shows that despite not having high returns the stocks are being traded on high. OPEN 275 263 298.5 327.5 311.25 336 354 330 313.75 323.5 298.35 273.7 291 309 282.5 288.1 272.05 270 263.25 276 271.3 259 274.3 294.95 CLOSE 263.78 291.8 330.1 310.64 334.69 350.39 325.81 312.05 323.35 294.39 270.65 290.1 308.9 281.6 273.95 268.65 263.15 265.7 278.2 265.8 256.95 275.85 293.35 267.3 Percentage -3.9507701 6.25204821 20.1980847 13.1121873 21.8694243 27.5862069 18.635983 13.6256054 17.7402323 7.19513527 -1.4492226 5.63303354 12.4786076 2.53796016 -0.2476059 -2.1774751 -4.1801697 -3.2516477 1.29993082 -3.215235 -6.4377526 0.44423406 6.81644394 -2.6690456

DATE Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12

State Bank of India

State Bank of India (SBI) (NSE: SBIN, BSE: 500112, LSE: SBID) is the largest banking and services company in India by revenue, assets and market capitalization. It is a stateowned corporation with its headquarters in Mumbai, Maharashtra. As of March 2011, it had assets of US$370 billion with over 13,000 outlets including 150 overseas branches and agents globally. The bank traces its ancestry to British India, through the Imperial Bank of India, to the founding in 1806 of the Bank of Calcutta, making it the oldest commercial bank in the Indian Subcontinent. Bank of Madras merged into the other two presidency banksBank of Calcutta and Bank of Bombayto form the Imperial Bank of India, which in turn became the State Bank of India. The Government of India nationalized the Imperial Bank of India in 1955, with the Reserve Bank of India taking a 60% stake, and renamed it the State Bank of India. In 2008, the government took over the stake held by the Reserve Bank of India. SBI is ranked #292 globally in Fortune Global 500 list in 2011. SBI provides a range of banking products through its vast network of branches in India and overseas, including products aimed at non-resident Indians (NRIs). The State Bank Group, with over 16,000 branches, has the largest banking branch network in India. SBI has 14 local head offices situated at Chandigarh, Delhi, Lucknow, Patna, Kolkata, Guwahati (North East Circle), Bhuwaneshwar, Hyderabad, Chennai, Trivandram, Banglore, Mumbai, Bhopal & Ahmedabad and 57 Zonal Offices that are located at important cities throughout the country. It also has around 130 branches overseas. SBI is a regional banking behemoth and is one of the largest financial institutions in the world. It has a market share among Indian commercial banks of about 20% in deposits and loans. The State Bank of India is the 29th most reputed company in the world according to Forbes. SBI has five associate banks; all use the same logo of a blue circle and all the associates use the "State Bank of" name, followed by the regional headquarters' name:

State Bank of Bikaner & Jaipur State Bank of Hyderabad State Bank of Mysore State Bank of Patiala State Bank of Travancore

Apart from its five associate banks, SBI also has the following non-banking subsidiaries:

SBI Capital Markets Ltd SBI Funds Management Pvt Ltd SBI Factors & Commercial Services Pvt Ltd SBI Cards & Payments Services Pvt. Ltd. (SBICPSL) SBI Life Insurance Company Ltd.

In the year 2011 SBI had a revenue of US $32.44 billion, profit $2.34 billion, total assets worth $369.56 billion, total equity worth $18.71 billion.
Period High: 3515.00 Period Low: 1576.00 Change in market-cap: -9%

DATE
Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12

OPEN
2085 2291 2260 2290 2520 2772 3250 3187 2998 2830.05 2651.9 2651 2772 2811.5 2308 2419.8 2366.9 1990 1884.9 1894 1812 1625.2 2054 2232

HIGH
2318.8 2348.8 2402.5 2519.9 2884 3268 3322 3515 3172 2852.45 2813.4 2888 2959.9 2819.55 2430 2529.5 2383.85 2049 1989.5 2018.25 1951.75 2083.8 2474.8 2374

LOW
2015 2138 2201 2254.4 2511 2738.75 3077 2777 2655.7 2468.8 2478.6 2523.55 2707 2165 2123 2335 1872 1812.9 1708.55 1629.1 1576 1611.5 1975.05 2047.65

CLOSE
2297.95 2268.35 2302.1 2503.8 2764.85 3233.2 3151.2 2994.1 2811.05 2641.05 2632 2767.9 2805.6 2297.8 2405.95 2342 1974.5 1911.1 1906.7 1762.85 1619.5 2061.05 2243.4 2095

SMA(10 MONTH)

2696.765 2730.17 2780.125 2830.475 2809.875 2773.985 2684.865 2567.195 2458.895 2368.46 2280.64 2179.39 2108.705 2052.485 2032.205

MEAN: 291.55 Standard deviation: 26.85096 Percentage Returns={(Current Close-Previous close)/Previous close}*100.

INTEPRETATION: The period of study is from April 1st 2010 March31st 2012. During April 2010 the starting price of the share was 2297.95 which gradually had its bears and bull . During this tenure Simple Moving Average was taken for a period of 10 months and the average of 10 months from April till January 2011 was 2641.05. This clearly shows that the average price of the share has grown gradually and if an investor would have invested a minimum of 100 shares @ 2297.95 of during April 2010. By the end of Jan 2011 he would have made up a profit of Rs.343.55 per share. But as we keep following the SMA for a period of 10 months for the entire tenure up till March 2012 its clearly evident that the price of ONGC share has reduced from 2696.765 to 2032.205. This could be due to certain fundamental factors that might have affect the company. Since its a government owned bank due to the economic political factors and some external factors the price might have reduced.

DATE Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10 Dec-10 Jan-11 Feb-11 Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12

OPEN 2085 2291 2260 2290 2520 2772 3250 3187 2998 2830.05 2651.9 2651 2772 2811.5 2308 2419.8 2366.9 1990 1884.9 1894 1812 1625.2 2054 2232

CLOSE 2297.95 2268.35 2302.1 2503.8 2764.85 3233.2 3151.2 2994.1 2811.05 2641.05 2632 2767.9 2805.6 2297.8 2405.95 2342 1974.5 1911.1 1906.7 1762.85 1619.5 2061.05 2243.4 2095

percentage 0.288600289 10.1972102 8.706108706 10.14911015 21.21212121 33.33333333 56.32515633 53.29485329 44.2039442 36.12554113 27.55651756 27.51322751 33.33333333 35.23328523 11.01491101 16.39249639 13.84800385 -4.280904281 -9.336219336 -8.898508899 -12.84271284 -21.82780183 -1.202501203 7.359307359