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EXECUTIVE SUMMARY

The project titled A Study on Technical analysis on IT Stocks was carried out at Muthoot securities limited, Mysore. The basic problem of investing on Stock market is most of the investors are not clear about the fundamentals and techniques of investments, they mainly concentrate on risk and return involve in investing and make decisions without the guidance of experts which are thus based on the judgments made on their individual assessments. Therefore, the objective here is to understand the basic techniques involved in investing in equity market. Learning the above said objective will give a clear idea of the concept involved in investment decisions. Technical analysis is the study of financial market action. The technical analysts look at the price movement that occur on day to day or week to week or over other constant time period displayed in graphic form, called charts. Technical analysis is a process of analyzing a securitys historical prices in an effort to determine probable future prices. For the purpose of the study, only IT Stocks has been selected i.e. Infosys, TCS, which is listed in NSE ,largest Exchange for the trading where it ranks No.1.. the period of data selected for the study is one year on monthly NSE closing price of the Stocks (From January 2012 to December 2012). The technical analysis was done by using Oscillator tools like Moving Average Convergence and Divergence (MACD), Relative Strength Index (RSI) and Rate of change indicator (ROC). From the study it has been understood that the price movement of the shares can be determined by using technical analysis and accurate buy and sell decision can be made so that the investors can minimize their risk and maximize their profits also show that all technical analysis indicators cannot give an accurate decision and only a combination of few indicators can give accurate decisions. The study shows that the historical prices have an impact on future prices. So past trend can be used to predict the trend of future prices, however, even if you are unable to accurately forecast prices, technical analysis can be used to consistently reduce your risks and improve your profits.

Muthoot Group Ltd. : Balance Sheet (Standalone)


Standalone March ' 12 March ' 11 March ' 10 March ' 09 12 Months 12 Months 12 Months 12 Months SOURCES OF FUNDS Owner's Fund Equity Share Capital Share Application Money Preference Share Capital Reserves & Surplus Loan Funds Secured Loans Unsecured Loans Total 13,191.93 2,288.41 18,406.07 10,211.16 1,727.43 13,273.00 4,547.12 733.40 5,865.07 3,008.74 156.85 3,536.76 1,840.02 75.29 2,137.67 371.71 0.00 0.00 2,554.02 320.21 0.00 0.00 1,014.20 301.00 0.00 0.00 283.55 49.00 0.00 0.00 322.17 5.00 0.00 0.00 217.36 (Rs. in Crore) March ' 08 12 Months

USES OF FUNDS Fixed Assets Gross Block Less : Revaluation Reserve Less : Accumulated Depreciation Net Block Capital Work-in-progress 359.66 0.00 95.33 264.33 3.89 246.33 0.00 62.78 183.56 50.53 169.11 0.00 44.90 124.21 29.07 148.27 0.00 32.08 116.19 13.12 121.53 0.00 22.27 99.25 9.36

Investments

97.50

7.50

7.50

7.53

18.34

Net Current Assets Current Assets, Loans & Advances Less : Current Liabilities & Provisions Total Net Current Assets Miscellaneous expenses not written Total Note : Book Value of Unquoted Investments Market Value of Quoted Investments Contingent liabilities Number of Equity shares outstanding (in Lacs) 7.50 0.01 182.49 3,717.13 7.50 0.02 79.20 3,202.13 7.50 0.01 154.26 3,010.00 7.53 0.01 0.92 490.00 18.34 0.00 0.00 50.00 23,006.47 4,966.13 18,040.34 0.00 18,406.06 13,724.63 693.44 13,031.19 0.22 13,273.00 6,281.85 577.91 5,703.94 0.35 5,865.07 3,627.93 236.79 3,391.14 8.78 3,536.76 2,158.81 157.35 2,001.45 9.25 2,137.65

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