Professional Documents
Culture Documents
UNIVERSITY OF MADRAS
In Partial Fulfillment Of The Requirements For The Award Of The Degree Of
JAMES P.J
(Reg No: RB 30542)
Under the Guidance of
Mr. D. SRINIVASAN
Mcom,DCSA,DTTEm,DHA,HVUP,B.Ed,MBA,Mphil,PGDPM & LL(PDMM)(PHD)
(Lecturer)
Vaels Institute of Business Administration
Vels College Of Science
APRIL , 2005
CERTIFICATE
This is to certify that Project work titled A STUDY ON THE
EQUITY SCRIP PRICE MOVEMNTS with reference to GACL,
RANBAXY, TISCO, BTVL at COCHIN STOCK EXCHANGE,
COCHIN is a bonafied record of work done by Mr.JAMES P.J,
Vaels Institute of Business Administration under vels college
of science submitted in partial fulfillment of the requirement of the
degree of MASTER OF BUSINESS ADMINISTRATION of
University of Madras, during the fourth semester from January to
March under our guidance.
Dr. GOVINDASWAMY
Principal
Mr.D .SRINIVASAN
Faculty Guide
Dr. P. GOVINDARAJAN
Director MBA
INTERNAL EXAMINER
EXTERNAL EXAMINER
DECLARATION
I JAMES P.J undersigned hereby declare that the project work A
STUDY ON THE EQUITY SCRIP PRICE MOVEMENTS with
special reference to GACL, RANBAXY, TISCO, BTVL
at
JAMES P.J
3
ACKNOWLEDGEMENT
I take this opportunity to express my deep gratitude to our
chairman Dr. ISARI.K.GANESH M.com, BL,PhD for granting me
permission to do this project.
I am also thankful to our principle Mr.GOVINDASWAMY for
providing great support.
I
am
extremely
grateful
to
our
Director
Dr.P.GOVINDARAJAN MA, PhD Vaels Institute of Business
Administration for providing excellent facilities to do this project.
I would like to express my sincere thanks to my guide Mr. D.
SRINIVASAN, Mcom, DCSA, DTTEM,DHA, HVUP, Bed, MBA,
Mphil, PGDPM, LL(PDMM)
MBA, who has spread his precious time in providing his valuable
suggestion and co-operation in completing this project.
I place on record my most sincere thanks to Mrs.PreethaHOD, Mrs.Annie. Mr.S.Suresh Kumar and Mr.R.Subramanya
Bharathy who me a lot to complete this project successfully.
I owe my special gratitude to Mr.THOMAS GEORGE
M.A.,GDIM
Co-ordinator
CSE
Institute
of
Capital
Market,Cochin, in providing his valuable suggestion in successful
completion of this project work.
JAMES P.J
4
CONTENTS
TITLE
CERTIFICATE
DECLARATION
ACKNOWLEDGEMENT
Chapter
Title
Introduction
1.1 Need for the Study
1.2 Statement of Problem
1.3 Industrial Profile
1.4 Company Profile
1.5 History Of The Companies
Statement of Objectives
2.1 Primary Objective
2.2 Secondary Objective
Research Methodology
Introduction
3.1 Period of Study
3.2 Method of Data Collection
3.3 Tools Over View
3.4 Scope of the Study
Review of Literature
Conclusion
Bibliography
Annexure
LIST OF TABLES
Sl No
1
2
3
4
5
Title
DU PONT ANALYSIS
MARKET CAPITALISATION RATES
PRICE VOLUME ANALYSIS
RATIOS
MOVING AVERAGES
Page No
47
47
48
50
51
LIST OF CHARTS
Sl No
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
Title
25 day Moving Average Charts GACL
50 day Moving Average Charts GACL
100 day Moving Average Charts GACL
200 day Moving Average Charts GACL
25 day Moving Average Charts Ranbaxy
50 day Moving Average Charts Ranbaxy
100 day Moving Average Charts Ranbaxy
200 day Moving Average Charts Ranbaxy
25 day Moving Average Charts TISCO
50 day Moving Average Charts TISCO
100 day Moving Average Charts TISCO
200 day Moving Average Charts TISCO
25 day Moving Average Charts BTVL
50 day Moving Average Charts BTVL
100 day Moving Average Charts BTVL
200 day Moving Average Charts BTVL
Page No
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
CHAPTER- I
Introduction
Capital market comprising the new issues market
and secondary markets or stock exchanges, is one of the most
sensitive markets in the whole economy. The secondary market
8
11
Rs.100
million
and
having
more
than
20,000
13
16
17
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
malpractices
prevailing
in
the
traditional
trading
18
for
trading
in
securities, debt
and
derivatives
informative inputs. A
and
Chief
Operating
Officer.
Authority,
matters
regarding
annulment
of
to
the
Exchange,
etc.
The average number of daily trades recorded during 200102 and 2002-03 numbered 5.17 lakhs and 5.63 lakhs
respectively.
shares.
CSE
introduced
the
facility
of
23
Membership Profile
Cochin Stock Exchange currently has 508
members. All the members of CSE have one share each of value
Rs 100 thus making the issued, subscribed and paid up capital of
Rs 50,800. The authorized capital of CSE is Rs 1, 00,000 with
the total membership limited to 1000.
As per the SEBI norms CSE charges an
initial deposit of Rs.2 lakhs from each of its members. Based on
the volume of trade each member is to contribute additional
deposits. Along with this an annual subscription fee of Rs.200
for individual members and Rs.500 for corporate members will
be charged by CSE. The members are allowed to appoint their
assistants or sub-brokers based on the guidelines given by SEBI.
During the five years of membership each member have to pay
Rs.5000 annually to SEBI as advance payment on or before 1 st
October of each financial year. From the 6 th to the 10th year of
membership the total amount payable is Rs.5000 which is
payable at the beginning of the 6th year (counted as payment of
Rs.1000 per year). In addition to this, if the previous year
turnover is more than 1 crore then 0.01% of the exceeding
amount should also be paid to SEBI.
25
26
Organizational Structure
27
1.5
29
Recent Developments
The company commissioned its 2 million tonne plant at
Chandrapur
in
Maharashtra
in
June
2002.
Future Plans
GACL is proposing to expand its marketing base, setting up a
bulk cement sea terminal at Tuticorin in Tamilnadu. The project
has been stalled till further notice from the courts.
30
TISCO
The Tata Iron and Steel Company Ltd (Tata Steel) is a singlelocation steel company established in 1907. the country`s single
largest, integrated steel works in the private sector, with a
marketshare of about 13 per cent. As a result of high capacity
utilisation and complete backward integration, it is among the
world`s
lowest
cost
liquid
steel
manufacturers.
HR
coils
in
the
world.
Sister
companies
offer
tinplate,
wires,
rolls,
31
Recent Developments
In February the company raised Rs 100 crore through an issue
of non-convertible debentures. The issue carries a coupon of
9.25 per cent. The NCDs have a five year tenure with a put and
call option after three years. The issue was rated AA+ by
Crisil. The funds raised from the issue will be used for general
corporate purposes including capital expenditure and retirement
of high cost debt. The company has initiated various cost
reduction drives, which include change in product mix. It has
increased production of cold rolled and coated steels, which
fetches higher margins. the company achieved No. 2 position in
cold rolled product requirements of Original equipment
manufacturers (OEM) in the very first full year of operation.
Low steel prices in domestic and international markets affected
sales of the company during the third quarter of FY2002. The
company has refurbished F blast furnace at a cost of Rs 208
crore. Tisco`s stake in Tata SSL has gone up to 95 per cent. The
sector is facing problems of excess capacity and low demand
from various industries. Tata Steel has decided to disinvest a
portion of their stake in the Jamipol to SKW as it does not form
a part of its core business. Tata Steel has launched a `customer
page` on its Web site www.tatasteel.com, which will give its
customers access to online information on order status, delivery,
invoices, credit notes, payment dues and credit status, among
32
others,
on
the
Internet.
Future Plans
Tata Steel has an agreement with Nippon Steel of Japan, to
assist it in ramping up the production to the rated capacity in 13
months from the commencement of commercial trials. The mill
is currently producing approximately 15,000 tonnes per month.
The CRM is expected to provide an incremental turnover of Rs
30
bn,
when
operating
at
the
rated
capacity.
and
other
group
companies.
the
world.
34
RANBAXY
Ranbaxy has one of the most diversified revenue streams in the
pharmaceutical industry. The company is also one of the biggest
generic pharmaceutical companies, in terms of revenue. The
therapeutic segments of Ranbaxy includes anti-infectives (54%
of net sales), nutritional (9%), gastro-intestinal (9%), nonsteroidal anti-inflammatory systems (7%), dermatology (6%),
orthopedics (3%), CNS (2%), cardiovascular (3%), others (7%).
Though 90% of its revenues are from the pharma business,
Ranbaxy is also into animal health, diagnostics and specialty
chemicals.
The anti-infective segment of the company got a boost through
the launch of Sporidex AF, and Keflor Redimix. Its product
Riconia is No. 3 in the Indian multivitamin-multiminerals
market. Some of the other leading brands of the company are
Cifran, Keflor, Zanocin, Mox, and Enrocin (animal health).
More than half (57%) of Ranbaxy`s pharmaceutical business
comes from India and the Middle East. Of these two markets,
India contributes 90% of business. The Asia Pacific and Latin
American regions account for 20%; Europe, CIS and Africa
bring in 18%; and North America pitches in 5%. Ranbaxy spent
a considerable amount of resources in getting its overseas
operations off the ground, but till date the returns have not
35
come.
Recent Developments
Ranbaxy Laboratories has entered into an agreement with
Medicines for Malaria Venture (MMV), Geneva for the
development of synthetic peroxide anti-malarial drug.
Besides pharmaceutical and clinical development, Ranbaxy will
have
worldwide
commercialisation
rights
for
of
the
the
registration
and
product.
in
identifying
candidate
for
development.
Ranbaxy Laboratories has received approval from the US Food
and Drug Administration to market flecainide acetate tablets
USP, in 50 mg, 100 mg, and 150 mg strengths. The division of
bioequivalence has determined Ranbaxy`s flecainide acetate
tablets USP, 50 mg, 100 mg, and 150 mg, to be bioequivalent
and, therefore, therapeutically equivalent to the listed drug
Tambocor tablets, 50 mg, 100 mg, and 150 mg, respectively, of
3M
Pharmaceuticals,
36
Inc.
20mg
and
40mg
strengths.
form
totaled
Laboratories
will
$332.50
provide
million.
Anti-Retrovirals
for
37
international
broadband,Internet
long-distance
and
VSAT
services,
services.
fixed
line
and
119,000
Internet
customers.
and
long
distance
networks.
16
states
touching
600
million
people.
Recent Developments
As a part of its consolidation exercise and to attain business
synergies, telecom player Bharti Tele-Ventures Ltd has decided
to merge its fixed line, long distance, broadband and VSAT
business.
The three arms that are to be merged are Bharti Telenet Ltd
(basic fixed line operations), Bharti Telesonic Ltd (international
and national long distances), Bharti Boardband Networks Ltd
(broadband
and
VSAT
39
operations).
Bharti
Infotel
Ltd.
Bharti Cellular, has entered the Mumbai circle in name of AirTel Bharti is not setting any roaming charges on its network
across the country, and offering free incoming calls between
Airtel to Airtel consumers and free airtime for one international,
national and local number, without any monthly charges. In its
introductory offer, the company is offering free talk time worth
Rs 50 upon activation with the further promise of returning the
activation fees after six months.Airtel customers can now carry
their Mumbai rate plan and roam without paying roaming
charges in all Airtel networks across the country.Within a short
span of 40 days of launching its service in Mumbai, AirTel, has
registered a record number of 100,000 customers in the city as
reported
by
the
companies
sources
has
also
composed
five
exclusive
ringtones
equity.
Bharti has already invested Rs. 1500 crores in the Western
Region. Encouraged by the customer response, plans have been
firmed to augment the level of investments in the Western
Region. An investment of about Rs 150 crore is planned in the
companys IT infrastructure this year.
42
CHAPTER II
43
STATEMENT OF OBJECTIVES
44
CHAPTER III
45
RESEARCH METHODOLOGY
Introduction
Research methodology is a way to systematically solve the
research problem . It may be understood as a science of studying
how research is done systematically. In this we study the various
steps that are generally adopted by a researcher in studying his
research problem along with the logic behind them. It is
necessary for the researcher to know not only the research
mehod / techniques, but also the methodology. It is necessary
for the researcher to design his methodology for his problem as
the same may differ from problem to problem. The research
methodology has many dimensions and research methods to
constitute a part of the research methodology. The scope of
research methodology is wider than that of research methods.
The research methodology concerning a research problem or
study.
46
,2005. The
47
48
The above specified tools were used for the analysis of short
term, medium term and long term trends.
Tools Overview
The following is brief description about the tools used
1. Dupont Analysis
The Dupont Analysis highlights the fact that Return on Assets
(ROA) can be expressed in terms of the Profit margin and Asset
turnover. One of the easiest ways to gauge whether a
company is an asset creator or a cash consumer is to look
at the return on equity (ROE). In its simplest form, ROE
is
calculated
shareholder's
by
dividing
equity.
one
Businesses
year's
that
earnings
generate
by
high
Leverage Factor =
NetSales
*
_________
50
________
Share Holders Equity
51
3. Moving Average
The Moving Average is a lagging indicator, or trend
following formula, that smoothes the volatile swings in a
market. They are used to track the progress of a trend and to
signal when a trend has ended or reversed. There are 4 common
types of moving averages:
There are lots of ways of interpreting moving averages. The
most basic is to treat a change of direction in the moving
average as a signal to buy or sell, so if the moving average has
been consistently rising and then it falls, that is a signal to sell.
The classical interpretation, used by most technical analysts, is
to compare the moving average with the price of the underlying
share and to plot them both on the same graph. Before the share
price rises above its moving average, buy the share; when it falls
below its moving average, sell the share. That is putting it in
extremely simple terms, and for a more sophisticated
understanding, read one of the many books on the subject.
The Moving Average (MA) is one of the simplest, yet
most versatile and widely used of all technical indicators. The
52
56
CHAPTER IV
57
REVIEW OF LITERATURE
Corporate earnings are important to an investor. If you compare
corporate earnings of prospective investments, you will make
wiser investment decisions. Profitability ratios provide you with
tools you can use to make these comparisons.
When considering a company as a prospective investment you
should review its financial statements. Pay particular attention to
the profitability ratios. If you can, calculate the ratios for the
same company over several successive years to see if the
company earnings are consistent, growing, or declining.
Compare your candidate's ratios to other companies in the same
industry. This will help you determine where your candidate
stands in the industry.
How much money you have (or want) to invest plays a big part
in what your portfolio will look like. If you don't have much,
you may at first be limited to only a few investment options.
Conversely, if you have plenty of disposable cash, you are open
to a much wider choice of investments, including risky and
expensive ones. An important step for all investors is to take
inventory of all the valuable things they own (home equity,
savings, insurance, jewelry, etc.), value them, and then figure
how much of that value they are comfortable risking on
investing.
58
59
61
62
CHAPTER V
63
64
DU PONT ANALYSIS
Company Name
Net
Sales
Average
Net
total
Average Net
Asset
leverage
Profit Assets
Equity
margin turnover factor
ROE
Gujarat Ambuja
Cements
19597
3368
39872
1673.5
0.17
0.49
23.83
20.12
TISCO
37312
9
8905
1
133591
3685.75
0.24
2.79
36.25
24.16
Ranbaxy
93280
7226
19760
1854.98
0.08
4.72
10.65
38.95
Bharati tele
venture
627.96
2617
51458.1
18533.7
4.17
0.01
2.78
14.12
65
Company name
7265.3
22873.5
19590
39578
66
Highest Lowest
Month
Value
Value
January
326.85
276.1
February 319.30
277.1
March
322.15
282.3
April
337.30
301.4
May
345.30
276.6
June
297.90
257.2
July
284.80
264.5
August
324.35 282.95
September 346.25 328.55
October
364.30
334.1
November 371.65
344.8
December 395.65 365.45
Range
(Highest Value
Lowest Value)
50.75
42.20
39.85
35.90
68.70
40.70
20.30
41.40
17.70
30.20
26.85
30.20
%
(Range
/
Lowest Value) * 100
18.38
15.23
14.12
11.91
24.84
15.82
7.67
14.63
5.39
9.04
7.79
8.26
2.Ranbaxy
67
Range
(Highest Value
Lowest Value
%
(Range
/
Lowest Value) * 100
Month
Highest Lowest
January
1136.95
993.45
143.5
14.44
February
1002.25
922.5
79.75
8.64
990.1
886.25
103.85
11.72
1072.9
987.7
85.2
8.63
May
1048
970.45
77.55
7.99
June
1012.75
878.1
134.65
15.33
July
984.25
914.7
69.55
7.60
August
979.05
909.35
69.7
7.66
September
1112.7
972.3
140.4
14.44
1104.25
1062.3
41.95
3.95
November
1152.4
116.9
11.29
December
1238.75
1035.5
1129.3
5
109.4
9.69
March
April
October
68
Month
Highest Lowest
Range
(Highest Value
Lowest Value
%
(Range
/
Lowest Value) *
100
January
456.35
395.7
60.65
15.33
February
453.9
385.75
68.15
17.67
March
449.7
355.7
94
26.43
April
413.15
357.95
55.2
15.42
May
366.4
262.9
103.5
39.37
June
315.45
270.15
45.3
16.77
July
392.9
296.2
96.7
32.65
August
407.65
243
164.65
67.76
September
290.45
248.25
42.2
17.00
October
302.1
279.5
22.6
8.09
November
232.5
292.65
-60.15
-20.55
December
374.3
318.1
56.2
17.67
Month
Highest Lowest
Range
(Highest Value
Lowest Value
%
(Range
/
Lowest Value) * 100
January
147.1
107.25
39.85
37.16
February
158.65
128.25
30.4
23.70
March
162.95
133.5
29.45
22.06
April
176.95
162.35
14.6
8.99
May
174.4
135.05
39.35
29.14
June
149.85
126.15
23.7
18.79
July
164.55
139.4
25.15
18.04
158.6
135.5
23.1
17.05
150.05
132.85
17.2
12.95
October
160.1
143
17.1
11.96
November
173.7
155.9
17.8
11.42
December
209.75
178.1
31.65
17.77
August
September
RATIOS
70
rs in lakhs
Share
Holders
Name
Net
Profit(rs)
No of
Shares(RS)
Market
price
of the
share
Gujarath
ambuja
192,6
179587791
112.6
101885.7
7
17959
31484
3,291,4
40
18001
4.50
Ranbaxy
764,8
18554400
124.8
1854.98
1855.44
6199.40
235603
7648
12.00
Tisco
89051
553472856
372.9
3685.75
3691.80
349,5.4
78891.4
19689
10.00
Bharathy
tele venture
2617
185336700
26
18533.6
7
18533.67
2627
54512.1
6
2617
Name
EPS
Equity(r
s)
Total
Capital
Employed
(rs)
EBIT(rs
)
earnings
yield
dividend
yield
dividend
pay out
ratio
PE
ratio
Total
Asset
(rs)
Return
on
Asset
Return on
capital
employed
Gujarath
ambuja
1.07
0.01
0.04
4.20
104.99
0.55
1.75
Ranbaxy
41.22
0.33
0.10
0.29
3.03
0.32
3.34
Tisco
16.09
0.04
0.03
0.62
23.18
0.25
0.95
Bharathy
tele
venture
1.41
0.05
0.00
0.00
18.41
0.05
0.14
71
EAT(rs)
dividend
per share
72
Sl
No
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
Date
1-Jan-04
2-Jan-04
5-Jan-04
6-Jan-04
7-Jan-04
8-Jan-04
9-Jan-04
12-Jan-04
13-Jan-04
14-Jan-04
15-Jan-04
16-Jan-04
19-Jan-04
20-Jan-04
21-Jan-04
22-Jan-04
23-Jan-04
27-Jan-04
28-Jan-04
29-Jan-04
30-Jan-04
3-Feb-04
4-Feb-04
5-Feb-04
6-Feb-04
9-Feb-04
10-Feb-04
11-Feb-04
12-Feb-04
13-Feb-04
16-Feb-04
17-Feb-04
18-Feb-04
19-Feb-04
20-Feb-04
23-Feb-04
24-Feb-04
25-Feb-04
26-Feb-04
27-Feb-04
1-Mar-04
3-Mar-04
4-Mar-04
5-Mar-04
8-Mar-04
9-Mar-04
10-Mar-04
11-Mar-04
12-Mar-04
15-Mar-04
16-Mar-04
17-Mar-04
18-Mar-04
19-Mar-04
Closing
Price
312.00
314.95
318.10
309.25
314.40
316.70
320.90
317.25
312.70
326.85
314.50
300.00
306.95
298.15
282.50
276.10
286.70
301.60
298.30
296.15
289.40
277.10
292.50
284.15
297.00
302.50
301.65
309.45
304.85
308.75
307.75
311.20
319.30
304.85
305.00
295.95
297.80
291.75
299.45
308.00
313.65
314.70
308.15
314.15
322.15
321.35
312.55
296.65
299.30
286.15
282.30
289.30
288.65
287.65
25 Day
M.A
302.57
302.19
301.66
301.31
301.13
300.91
300.55
300.16
300.24
299.93
299.06
298.31
298.23
297.62
297.67
298.69
300.19
301.31
301.57
302.21
303.25
304.53
305.94
306.11
306.72
306.28
305.47
304.98
304.15
73
50 Day
M. A
304.43
303.83
303.32
302.73
100 Day
M. A
200 Day
M. A
MOVING AVERAGES(Ranbaxy)
Sl No
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
date
Closing Price 25 day M.A 50 day M. A 100 day M. A
1-Jan-04
1105
2-Jan-04
1107.35
5-Jan-04
1095.55
6-Jan-04
1082.35
7-Jan-04
1069.95
8-Jan-04
1069.8
9-Jan-04
1077
12-Jan-04
1077.8
13-Jan-04
1121.1
14-Jan-04
1136.95
15-Jan-04
1117.2
16-Jan-04
1080.45
19-Jan-04
1092.3
20-Jan-04
1085.7
21-Jan-04
1046.95
22-Jan-04
1006.2
23-Jan-04
1031.6
27-Jan-04
1025.8
28-Jan-04
1003.75
29-Jan-04
1005.45
30-Jan-04
993.45
3-Feb-04
980.9
4-Feb-04
987.8
5-Feb-04
988
6-Feb-04
953
9-Feb-04
974.1
1053.66
10-Feb-04
974.3
1048.42
11-Feb-04
983.25
1043.10
12-Feb-04
980.55
1038.61
13-Feb-04
999.95
1034.53
16-Feb-04
999.15
1031.73
17-Feb-04
1002.25
1028.91
18-Feb-04
999.2
1025.92
19-Feb-04
983.35
1022.77
20-Feb-04
988.8
1017.26
23-Feb-04
979.55
1011.34
24-Feb-04
970.15
1005.83
25-Feb-04
952.85
1001.42
26-Feb-04
922.5
995.84
27-Feb-04
938.55
989.31
1-Mar-04
962.5
984.98
3-Mar-04
977.2
983.23
4-Mar-04
970.55
981.05
5-Mar-04
971.4
978.84
8-Mar-04
980.7
977.55
9-Mar-04
990.1
976.56
10-Mar-04
980.35
976.43
11-Mar-04
952.65
976.40
12-Mar-04
959.6
975.00
15-Mar-04
954.9
973.86
16-Mar-04
944.2
973.94
1013.80
74
200 day M. A
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
17-Mar-04
18-Mar-04
19-Mar-04
22-Mar-04
23-Mar-04
24-Mar-04
25-Mar-04
26-Mar-04
29-Mar-04
30-Mar-04
31-Mar-04
1-Apr-04
2-Apr-04
5-Apr-04
6-Apr-04
7-Apr-04
8-Apr-04
12-Apr-04
13-Apr-04
15-Apr-04
16-Apr-04
17-Apr-04
19-Apr-04
20-Apr-04
21-Apr-04
22-Apr-04
23-Apr-04
27-Apr-04
28-Apr-04
29-Apr-04
30-Apr-04
3-May-04
4-May-04
5-May-04
6-May-04
7-May-04
10-May-04
11-May-04
12-May-04
13-May-04
14-May-04
17-May-04
18-May-04
19-May-04
20-May-04
21-May-04
24-May-04
25-May-04
26-May-04
27-May-04
28-May-04
31-May-04
1-Jun-04
2-Jun-04
3-Jun-04
948.65
943.3
938.45
923.4
928.3
914.05
886.25
904.2
922.45
930.4
939.75
989.4
987.7
989.9
1010.7
1029.3
1046.2
1041.35
1038.95
1018.95
1037.4
1026.35
1052.3
1051.65
1049.4
1063.75
1054.15
1057.55
1062.1
1072.9
1061.4
1030.15
1040.2
1039.1
1048
1026.5
1019.4
995.95
1012.5
1037.85
1033.25
970.45
1002.9
1003.05
996.3
996.2
1018.15
1014.6
1016.05
1020
989.75
989.55
1011.9
1010.25
994.75
972.74
971.72
970.12
968.43
965.37
962.54
959.01
954.49
951.33
948.67
946.71
945.49
946.95
949.56
951.61
953.54
955.63
958.65
961.45
963.78
964.93
967.22
970.16
973.87
977.74
981.95
986.55
990.99
995.75
1001.30
1007.08
1012.98
1018.73
1024.17
1028.84
1033.54
1037.01
1038.21
1038.54
1039.45
1040.53
1040.69
1037.66
1036.12
1034.69
1033.78
1032.13
1031.81
1030.30
1028.87
1027.70
1024.74
1022.15
1020.33
1018.25
75
1010.58
1007.41
1004.36
1001.48
998.55
995.72
992.46
988.63
984.30
980.01
976.27
973.46
971.40
969.44
968.30
968.39
968.34
968.75
969.50
970.17
970.68
971.81
972.58
973.87
975.84
977.35
979.14
980.55
982.09
983.34
984.81
985.99
986.61
987.75
988.76
990.13
991.25
992.58
994.05
995.53
997.04
998.16
998.16
998.79
999.23
999.36
999.68
1000.99
1002.09
1003.31
1004.82
1005.65
1006.57
1008.04
1009.78
1008.55
1007.70
1006.53
1005.47
1004.76
1004.17
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
4-Jun-04
7-Jun-04
8-Jun-04
9-Jun-04
10-Jun-04
11-Jun-04
14-Jun-04
15-Jun-04
16-Jun-04
17-Jun-04
18-Jun-04
21-Jun-04
22-Jun-04
23-Jun-04
24-Jun-04
25-Jun-04
28-Jun-04
29-Jun-04
30-Jun-04
1-Jul-04
2-Jul-04
5-Jul-04
6-Jul-04
7-Jul-04
8-Jul-04
9-Jul-04
12-Jul-04
13-Jul-04
14-Jul-04
15-Jul-04
16-Jul-04
19-Jul-04
20-Jul-04
21-Jul-04
22-Jul-04
23-Jul-04
26-Jul-04
27-Jul-04
28-Jul-04
29-Jul-04
30-Jul-04
2-Aug-04
3-Aug-04
4-Aug-04
5-Aug-04
6-Aug-04
9-Aug-04
10-Aug-04
11-Aug-04
12-Aug-04
13-Aug-04
16-Aug-04
17-Aug-04
18-Aug-04
19-Aug-04
1007.05
1011.6
1006.95
1012.75
1002.5
1001
992.1
996.95
997.6
966
908.75
878.8
878.1
887.95
906.05
904.05
921.05
921.05
909.65
918.85
914.7
933.3
947.5
968.35
960.1
982.55
984.25
977.2
969.5
976
965.85
972.8
973.8
975.35
977.15
964.85
962.65
966.3
970.3
959
942.7
940.3
940.1
934.55
929.95
942.6
954.3
965.95
978.85
979.05
958.65
947.5
922.9
909.35
935.65
1015.13
1012.95
1012.21
1010.88
1009.83
1008.01
1006.99
1005.90
1005.94
1005.34
1002.47
997.49
993.82
988.83
984.22
980.61
976.93
973.04
969.30
965.05
961.00
958.00
955.75
953.17
951.50
950.11
949.13
948.04
946.85
945.12
944.06
942.65
941.88
940.95
940.06
940.51
942.75
946.11
949.63
952.93
955.05
956.59
957.36
958.12
959.12
959.56
960.68
961.52
962.26
962.68
963.44
962.48
961.01
958.84
956.43
76
1011.11
1012.97
1015.47
1017.53
1019.33
1020.78
1022.00
1022.06
1022.24
1022.39
1021.50
1019.09
1015.74
1012.48
1009.46
1007.20
1004.53
1002.43
999.80
996.96
994.35
991.37
988.95
986.75
984.88
982.62
981.04
980.12
978.86
977.47
976.03
974.82
973.89
973.44
972.70
971.49
970.12
969.96
969.23
968.58
967.83
966.76
965.20
963.71
962.08
960.28
959.34
958.63
957.72
957.09
956.77
955.81
954.52
952.84
950.77
1003.41
1002.72
1002.05
1000.91
999.67
998.52
997.73
996.73
995.84
995.35
994.94
993.71
992.24
990.99
989.81
988.94
988.17
987.50
986.83
986.40
985.85
985.25
984.75
984.42
984.11
983.72
983.52
983.37
983.31
983.11
983.08
983.04
983.24
983.75
984.12
984.26
984.14
984.06
984.01
983.91
983.59
983.22
983.09
982.90
982.70
982.55
982.49
982.60
982.88
983.43
983.94
984.39
985.00
985.19
985.05
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184
185
186
187
188
189
190
191
192
193
194
195
196
197
198
199
200
201
202
203
204
205
206
207
208
209
210
211
212
213
214
215
216
20-Aug-04
23-Aug-04
24-Aug-04
25-Aug-04
26-Aug-04
27-Aug-04
30-Aug-04
31-Aug-04
1-Sep-04
2-Sep-04
3-Sep-04
6-Sep-04
7-Sep-04
8-Sep-04
9-Sep-04
10-Sep-04
13-Sep-04
14-Sep-04
15-Sep-04
16-Sep-04
17-Sep-04
20-Sep-04
21-Sep-04
22-Sep-04
23-Sep-04
24-Sep-04
27-Sep-04
28-Sep-04
29-Sep-04
30-Sep-04
1-Oct-04
4-Oct-04
5-Oct-04
6-Oct-04
7-Oct-04
8-Oct-04
9-Oct-04
11-Oct-04
12-Oct-04
14-Oct-04
15-Oct-04
18-Oct-04
19-Oct-04
20-Oct-04
21-Oct-04
25-Oct-04
26-Oct-04
27-Oct-04
28-Oct-04
29-Oct-04
1-Nov-04
2-Nov-04
3-Nov-04
4-Nov-04
5-Nov-04
930.3
927.85
929.15
922.65
936.05
947.85
966.55
959.3
973.65
972.3
976.95
991.3
993.35
986
998.85
1024.35
1069.7
1090.65
1074.7
1089.75
1082
1080.8
1104.7
1122.7
1107.9
1115.85
1086.6
1083.15
1076.7
1091.85
1098.55
1104.25
1092.7
1076.85
1090.2
1090.35
1081.8
1062.3
1075.85
1083.05
1072.15
1080.25
1089.7
1090.95
1071.6
1069.05
1070.45
1068.25
1083.1
1098.6
1109.4
1124.15
1127.5
1140.85
1152.4
954.82
953.40
951.60
949.81
947.70
946.06
945.38
945.54
945.26
945.39
945.92
947.29
949.33
951.46
953.52
956.28
959.55
964.16
969.15
972.98
977.41
982.35
987.68
994.95
1003.48
1010.37
1017.80
1024.15
1030.31
1036.47
1042.70
1048.73
1054.24
1059.57
1063.70
1068.42
1072.95
1076.57
1079.33
1082.92
1086.29
1088.20
1088.63
1088.59
1089.24
1088.51
1087.99
1087.58
1086.12
1084.54
1084.17
1083.91
1085.41
1087.18
1089.75
77
949.44
948.02
946.74
945.38
943.88
943.28
944.07
945.82
947.45
949.16
950.48
951.94
953.35
954.79
956.32
957.92
960.11
962.84
965.70
967.83
970.42
972.41
974.34
976.89
979.96
982.60
985.60
987.87
990.06
992.09
994.38
997.05
999.89
1002.41
1004.55
1007.17
1010.12
1012.95
1015.40
1018.22
1021.28
1023.88
1026.39
1028.87
1031.11
1032.96
1035.17
1037.63
1040.54
1044.01
1047.27
1050.85
1054.78
1058.75
1063.11
985.11
985.01
984.40
983.81
983.14
982.39
981.58
980.78
979.96
979.31
978.84
978.24
977.89
977.30
976.64
976.13
975.74
975.90
976.23
976.35
976.52
976.73
977.23
977.88
978.72
979.31
980.21
980.88
981.75
982.39
982.93
983.59
984.92
985.82
986.56
987.50
988.44
989.08
989.55
990.15
990.78
991.61
992.51
993.29
994.10
994.87
995.49
996.08
996.69
997.39
998.35
999.44
1000.76
1002.06
1003.50
999.35
999.24
999.07
998.99
999.03
999.13
999.14
999.10
999.06
998.80
998.53
998.44
998.58
998.74
998.95
999.42
217
218
219
220
221
222
223
224
225
226
227
228
229
230
231
232
233
234
235
236
237
238
239
240
241
242
243
244
245
246
247
248
249
250
251
252
253
254
8-Nov-04
9-Nov-04
10-Nov-04
11-Nov-04
12-Nov-04
16-Nov-04
17-Nov-04
18-Nov-04
19-Nov-04
22-Nov-04
23-Nov-04
24-Nov-04
25-Nov-04
29-Nov-04
30-Nov-04
1-Dec-04
2-Dec-04
3-Dec-04
6-Dec-04
7-Dec-04
8-Dec-04
9-Dec-04
10-Dec-04
13-Dec-04
14-Dec-04
15-Dec-04
16-Dec-04
17-Dec-04
20-Dec-04
21-Dec-04
22-Dec-04
23-Dec-04
24-Dec-04
27-Dec-04
28-Dec-04
29-Dec-04
30-Dec-04
31-Dec-04
1122.3
1080.5
1093.1
1090.05
1096.3
1073.45
1050.05
1055.25
1035.5
1052.95
1061.15
1065.35
1063.85
1086.5
1121.7
1129.35
1130.2
1160.5
1211.15
1205.2
1197.55
1214.7
1199.05
1215.15
1221.4
1269.35
1265.45
1258.7
1256.55
1249.4
1257.15
1238.75
1239.1
1241.5
1244.5
1243.3
1230.35
1251.15
1092.17
1093.12
1092.17
1092.19
1092.72
1092.96
1092.28
1091.01
1090.73
1089.12
1087.91
1087.47
1086.88
1085.84
1085.67
1087.67
1090.08
1092.47
1096.16
1101.28
1105.55
1109.07
1112.70
1115.56
1118.53
1121.29
1127.17
1134.57
1141.19
1147.85
1153.98
1161.33
1168.87
1176.23
1184.47
1192.13
1199.42
1206.02
1067.44
1070.93
1073.20
1075.88
1078.21
1080.69
1082.62
1083.79
1085.03
1086.02
1087.10
1087.84
1087.75
1087.22
1087.45
1088.09
1089.04
1090.03
1091.14
1092.91
1094.86
1096.49
1099.05
1101.37
1104.14
1106.73
1110.15
1113.37
1116.69
1120.29
1123.47
1126.81
1129.94
1133.48
1136.79
1140.02
1143.45
1146.45
1005.36
1007.50
1009.51
1011.66
1013.68
1015.59
1017.28
1018.57
1019.91
1021.17
1022.51
1023.98
1025.30
1026.46
1027.64
1029.26
1030.73
1032.19
1034.02
1036.43
1038.73
1041.04
1043.46
1045.72
1048.11
1050.56
1053.60
1056.63
1059.55
1062.42
1065.32
1068.46
1071.45
1074.44
1077.51
1080.65
1083.66
1086.42
1000.15
1000.61
1000.88
1001.33
1001.75
1002.26
1002.73
1003.04
1003.37
1003.79
1004.18
1004.61
1005.02
1005.44
1005.87
1006.49
1007.12
1007.78
1008.66
1009.77
1010.90
1012.04
1013.35
1014.73
1016.11
1017.41
1018.87
1020.34
1021.78
1023.16
1024.46
1025.84
1027.27
1028.67
1030.10
1031.60
1033.08
1034.51
MOVING AVERAGES(TISCO)
Sl No
date
Close
25 day M.A
1 1-Jan-04
446.05
2 2-Jan-04
450.65
3 5-Jan-04
441.45
4 6-Jan-04
431.55
5 7-Jan-04
441.65
6 8-Jan-04
446.75
7 9-Jan-04
441.95
8 12-Jan-04
444
9 13-Jan-04
449.1
10 14-Jan-04
456.35
78
50 day M. A
100 day M. A
200 day M. A
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
15-Jan-04
16-Jan-04
19-Jan-04
20-Jan-04
21-Jan-04
22-Jan-04
23-Jan-04
27-Jan-04
28-Jan-04
29-Jan-04
30-Jan-04
3-Feb-04
4-Feb-04
5-Feb-04
6-Feb-04
9-Feb-04
10-Feb-04
11-Feb-04
12-Feb-04
13-Feb-04
16-Feb-04
17-Feb-04
18-Feb-04
19-Feb-04
20-Feb-04
23-Feb-04
24-Feb-04
25-Feb-04
26-Feb-04
27-Feb-04
1-Mar-04
3-Mar-04
4-Mar-04
5-Mar-04
8-Mar-04
9-Mar-04
10-Mar-04
11-Mar-04
12-Mar-04
15-Mar-04
16-Mar-04
17-Mar-04
18-Mar-04
19-Mar-04
22-Mar-04
23-Mar-04
24-Mar-04
25-Mar-04
26-Mar-04
29-Mar-04
30-Mar-04
31-Mar-04
1-Apr-04
2-Apr-04
5-Apr-04
444.8
436.6
455.7
441.2
417.55
395.7
425.75
443.5
434.9
431
406.2
385.75
415.5
400.45
413.3
422.75
415.25
430.35
426.65
438.45
443.85
453.9
449.9
437.05
439.3
433.3
443.4
428.4
423.3
427.35
436.15
440.5
428.35
442.6
449.7
442.5
435.6
420.35
421.45
391.8
392.15
395.95
384.25
389.4
365.6
364.75
355.7
368.55
375.95
379.7
382.05
383.65
392.85
403.3
406.1
431.90
430.96
429.55
429.10
428.91
428.78
428.66
429.14
429.38
428.90
428.21
427.75
428.03
426.93
426.22
426.61
428.23
428.82
428.21
428.52
429.27
430.72
432.71
432.91
433.75
432.89
431.66
430.89
429.05
427.56
424.64
421.48
417.55
414.30
411.85
409.47
407.42
405.03
403.61
402.81
79
432.39
431.31
430.22
429.08
428.23
426.71
425.07
423.35
421.84
420.38
418.84
417.59
416.53
415.27
414.51
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
6-Apr-04
7-Apr-04
8-Apr-04
12-Apr-04
13-Apr-04
15-Apr-04
16-Apr-04
17-Apr-04
19-Apr-04
20-Apr-04
21-Apr-04
22-Apr-04
23-Apr-04
27-Apr-04
28-Apr-04
29-Apr-04
30-Apr-04
3-May-04
4-May-04
5-May-04
6-May-04
7-May-04
10-May-04
11-May-04
12-May-04
13-May-04
14-May-04
17-May-04
18-May-04
19-May-04
20-May-04
21-May-04
24-May-04
25-May-04
26-May-04
27-May-04
28-May-04
31-May-04
1-Jun-04
2-Jun-04
3-Jun-04
4-Jun-04
7-Jun-04
8-Jun-04
9-Jun-04
10-Jun-04
11-Jun-04
14-Jun-04
15-Jun-04
16-Jun-04
17-Jun-04
18-Jun-04
21-Jun-04
22-Jun-04
23-Jun-04
396.85
392.9
399.8
396
403.35
393.8
395.95
395.25
391.45
398.4
413.15
410.05
409.8
379.35
384.3
368.2
357.95
342.5
349.9
354.85
366.4
346.05
332.25
307.2
315.75
318.2
289.3
262.9
293.5
315.15
320.4
328.65
333.4
332.85
328.45
318.65
302.8
296.25
302.45
311.45
298.05
315.45
308.7
297.7
298.15
298.6
289.95
272.95
287.85
283.2
288.8
280.15
278.05
279.6
270.15
401.96
400.39
398.48
397.34
395.48
393.62
391.67
390.09
389.08
387.88
388.15
388.99
389.55
390.57
390.17
390.92
391.06
391.15
390.11
389.06
388.07
387.44
385.94
383.52
379.67
376.06
372.91
368.77
363.29
359.19
355.66
352.73
350.04
347.56
345.22
342.42
338.64
334.35
329.81
326.73
323.82
321.01
319.31
317.96
315.87
313.60
310.89
308.65
306.28
305.50
304.20
303.02
302.66
303.26
302.71
80
414.28
414.31
413.65
412.78
412.00
411.45
411.20
411.40
411.00
410.82
410.52
410.33
410.22
409.81
408.87
407.78
406.27
404.35
402.20
400.46
398.77
397.43
395.49
393.56
391.24
389.01
386.65
383.63
380.32
377.33
374.64
372.20
370.06
368.32
366.55
365.28
363.81
361.95
360.19
358.45
357.37
356.04
355.23
354.03
352.47
350.84
349.17
347.29
344.90
342.59
340.13
337.97
335.71
333.28
330.95
398.84
397.56
396.09
394.63
393.34
392.04
390.55
389.29
387.94
386.42
384.84
383.38
381.91
380.08
378.55
377.21
376.14
374.68
373.03
371.47
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
24-Jun-04
25-Jun-04
28-Jun-04
29-Jun-04
30-Jun-04
1-Jul-04
2-Jul-04
5-Jul-04
6-Jul-04
7-Jul-04
8-Jul-04
9-Jul-04
12-Jul-04
13-Jul-04
14-Jul-04
15-Jul-04
16-Jul-04
19-Jul-04
20-Jul-04
21-Jul-04
22-Jul-04
23-Jul-04
26-Jul-04
27-Jul-04
28-Jul-04
29-Jul-04
30-Jul-04
2-Aug-04
3-Aug-04
4-Aug-04
5-Aug-04
6-Aug-04
9-Aug-04
10-Aug-04
11-Aug-04
12-Aug-04
13-Aug-04
16-Aug-04
17-Aug-04
18-Aug-04
19-Aug-04
20-Aug-04
23-Aug-04
24-Aug-04
25-Aug-04
26-Aug-04
27-Aug-04
30-Aug-04
31-Aug-04
1-Sep-04
2-Sep-04
3-Sep-04
6-Sep-04
7-Sep-04
8-Sep-04
274.6
296
303
305.7
300.95
306.75
304.25
302.25
313.25
316.4
296.2
306.15
314.55
307.8
313.8
327.15
339.1
345.85
344.15
356.8
363.5
363.7
373.8
378.6
377.8
392.9
391.95
391.25
396.05
398.1
407.65
403.8
403.45
406.4
258.6
257.9
256.05
266.15
269.95
261.8
266.05
259.75
245.15
248.2
248.45
245.35
243
249.8
251.85
249.65
248.25
250.3
252.75
255.5
258.55
300.91
299.08
297.77
296.55
295.47
294.37
293.89
293.95
294.19
294.62
294.82
294.75
294.37
294.61
295.01
295.64
296.78
298.75
301.66
303.91
306.86
309.85
313.19
317.02
320.98
325.28
330.02
333.85
337.38
341.00
344.88
348.92
352.90
356.95
360.68
358.36
356.83
354.83
352.89
351.38
349.30
346.85
343.68
339.65
335.81
331.48
326.75
321.93
316.97
311.90
306.77
300.98
295.32
289.78
284.16
81
328.29
325.90
323.90
322.06
320.34
318.39
316.27
314.15
312.00
310.68
309.32
307.88
306.84
306.28
305.44
304.62
303.84
303.70
303.97
304.71
305.53
306.44
307.92
310.14
311.84
313.10
314.55
315.81
316.97
318.23
319.63
321.41
323.43
325.57
327.65
326.59
325.79
324.60
323.75
323.20
322.47
321.82
321.21
320.66
319.86
319.17
318.30
317.56
316.99
316.44
316.03
315.50
314.59
313.58
312.58
369.87
368.55
367.65
366.53
365.58
364.46
363.30
362.19
360.91
359.77
358.55
357.07
355.60
354.24
352.95
351.70
350.63
349.59
348.77
347.97
347.27
346.54
345.77
345.23
344.59
343.87
343.37
342.94
342.65
342.39
342.46
342.61
342.69
342.88
343.05
341.98
340.91
339.92
338.89
337.83
336.65
335.49
334.25
332.78
331.23
329.65
328.13
326.64
325.14
323.69
322.16
320.70
319.24
317.82
316.46
176
177
178
179
180
181
182
183
184
185
186
187
188
189
190
191
192
193
194
195
196
197
198
199
200
201
202
203
204
205
206
207
208
209
210
211
212
213
214
215
216
217
218
219
220
221
222
223
224
225
226
227
228
229
230
9-Sep-04
10-Sep-04
13-Sep-04
14-Sep-04
15-Sep-04
16-Sep-04
17-Sep-04
20-Sep-04
21-Sep-04
22-Sep-04
23-Sep-04
24-Sep-04
27-Sep-04
28-Sep-04
29-Sep-04
30-Sep-04
1-Oct-04
4-Oct-04
5-Oct-04
6-Oct-04
7-Oct-04
8-Oct-04
9-Oct-04
11-Oct-04
12-Oct-04
14-Oct-04
15-Oct-04
18-Oct-04
19-Oct-04
20-Oct-04
21-Oct-04
25-Oct-04
26-Oct-04
27-Oct-04
28-Oct-04
29-Oct-04
1-Nov-04
2-Nov-04
3-Nov-04
4-Nov-04
5-Nov-04
8-Nov-04
9-Nov-04
10-Nov-04
11-Nov-04
12-Nov-04
16-Nov-04
17-Nov-04
18-Nov-04
19-Nov-04
22-Nov-04
23-Nov-04
24-Nov-04
25-Nov-04
29-Nov-04
256.9
263.45
267.8
263.7
265.65
273.25
279.5
284.75
290.45
288.75
287.6
289.55
288.75
282.45
289.95
289.15
291.95
296.05
293.95
290.25
300.25
302.1
300.55
300
294.5
284.65
284.4
284.35
288.65
285.1
283.5
279.5
289.25
291.9
294.35
287.8
293.3
292.65
298.85
295.6
298.3
301.7
300.8
307.65
307.1
307.6
309.55
310.4
311.55
307.65
310.25
311.7
312.6
311.9
322.5
278.57
272.54
266.93
261.50
255.80
256.08
256.69
257.63
258.37
259.19
260.27
261.13
262.33
264.07
265.44
267.10
268.85
270.81
272.66
274.34
275.97
278.05
280.12
282.03
283.81
285.25
286.36
287.20
287.86
288.86
289.64
290.05
290.05
290.23
290.28
290.51
290.52
290.67
290.82
291.48
291.70
292.07
292.46
292.65
293.20
293.87
294.17
294.46
294.86
295.32
295.85
296.87
297.96
299.09
300.02
82
311.73
310.73
309.92
309.23
308.24
307.22
306.76
306.23
305.63
305.29
304.79
303.99
303.00
301.86
300.63
299.29
297.80
296.37
294.81
293.12
291.37
289.52
287.72
285.91
283.98
281.91
279.45
277.06
274.68
272.33
272.86
273.37
273.84
274.30
274.74
275.39
275.83
276.50
277.45
278.46
279.40
280.46
281.64
282.66
283.77
284.92
286.11
287.29
288.45
289.57
290.55
291.62
292.58
293.48
294.44
315.06
313.50
312.03
310.61
309.46
308.27
307.32
306.54
305.96
305.36
304.70
303.92
303.35
302.92
302.67
302.41
302.12
302.15
302.48
302.48
302.23
302.03
301.77
301.44
301.11
300.77
300.43
300.25
300.13
299.99
299.72
299.58
299.22
299.03
298.97
298.93
298.82
298.85
299.05
299.16
299.29
299.38
299.60
299.82
300.10
300.47
300.80
300.94
301.01
301.07
301.14
301.17
301.25
301.35
301.34
349.80
349.00
348.17
347.38
346.67
345.88
345.07
344.25
343.48
342.69
341.88
341.10
340.38
339.57
338.86
338.25
337.76
337.14
336.43
335.79
335.17
334.68
334.30
333.77
333.33
332.80
332.23
331.72
331.13
330.55
231
232
233
234
235
236
237
238
239
240
241
242
243
244
245
246
247
248
249
250
251
252
253
254
30-Nov-04
1-Dec-04
2-Dec-04
3-Dec-04
6-Dec-04
7-Dec-04
8-Dec-04
9-Dec-04
10-Dec-04
13-Dec-04
14-Dec-04
15-Dec-04
16-Dec-04
17-Dec-04
20-Dec-04
21-Dec-04
22-Dec-04
23-Dec-04
24-Dec-04
27-Dec-04
28-Dec-04
29-Dec-04
30-Dec-04
31-Dec-04
323.5
327.9
331.5
327.7
330.5
327.25
318.6
319.8
318.1
323.4
327.15
332.5
330.75
333.6
339.05
341.95
340.5
346.6
358.9
374.3
391.65
386.9
385
385.1
301.52
303.12
305.05
306.74
308.18
309.62
311.20
312.21
313.30
314.07
315.18
316.33
317.57
318.76
319.80
321.08
322.45
323.69
325.14
327.03
329.70
332.96
335.96
338.86
295.58
296.58
297.55
298.49
299.23
300.07
300.86
301.44
302.06
302.77
303.44
304.20
305.01
305.71
306.50
307.48
308.31
309.08
310.00
311.18
312.77
314.91
316.96
318.98
301.40
301.67
301.89
302.06
302.26
302.43
302.43
302.22
301.96
301.70
301.37
301.00
300.69
300.26
299.81
299.42
298.91
298.40
297.95
297.58
297.34
297.18
297.01
296.83
329.97
329.37
328.74
328.15
327.60
327.06
326.53
325.91
325.36
324.84
324.32
323.77
323.23
322.74
322.20
321.65
321.14
320.67
320.30
319.99
319.90
319.90
319.85
319.85
date
Close
25 day M.A
1-Jan-04
111.05
2-Jan-04
109.65
5-Jan-04
107.25
6-Jan-04
113.05
7-Jan-04
111.6
8-Jan-04
121.65
9-Jan-04
120.5
12-Jan-04
119.55
13-Jan-04
119.15
14-Jan-04
122
15-Jan-04
119.3
16-Jan-04
114.3
19-Jan-04
112.45
20-Jan-04
118.25
21-Jan-04
123.3
22-Jan-04
122.15
23-Jan-04
126.35
27-Jan-04
147.1
28-Jan-04
139.6
29-Jan-04
138.7
30-Jan-04
134.65
3-Feb-04
128.25
4-Feb-04
130.75
5-Feb-04
128.35
6-Feb-04
139.8
83
50 day M. A
100 day M. A
200 day M. A
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
9-Feb-04
10-Feb-04
11-Feb-04
12-Feb-04
13-Feb-04
16-Feb-04
17-Feb-04
18-Feb-04
19-Feb-04
20-Feb-04
23-Feb-04
24-Feb-04
25-Feb-04
26-Feb-04
27-Feb-04
1-Mar-04
3-Mar-04
4-Mar-04
5-Mar-04
8-Mar-04
9-Mar-04
10-Mar-04
11-Mar-04
12-Mar-04
15-Mar-04
16-Mar-04
17-Mar-04
18-Mar-04
19-Mar-04
22-Mar-04
23-Mar-04
24-Mar-04
25-Mar-04
26-Mar-04
29-Mar-04
30-Mar-04
31-Mar-04
1-Apr-04
2-Apr-04
5-Apr-04
6-Apr-04
7-Apr-04
8-Apr-04
12-Apr-04
13-Apr-04
15-Apr-04
16-Apr-04
17-Apr-04
19-Apr-04
20-Apr-04
21-Apr-04
22-Apr-04
23-Apr-04
27-Apr-04
28-Apr-04
138.9
138.1
141.6
147.45
153.15
158.5
158.65
156.7
157.3
153
150.15
148.65
147.6
142.45
142.4
162.95
153.95
153.9
153.85
154.6
154.05
156.75
149.45
150.6
151.05
144.7
145.3
141.8
135.55
133.5
138.05
138.8
145.25
146.85
145.95
152.7
155.8
162.35
172.3
165.1
166.2
166.55
167.25
168.85
174.35
168.15
169.1
173.55
169.85
167.4
165.75
167.95
176.95
166.45
167.45
123.15
124.26
125.40
126.78
128.15
129.81
131.29
132.81
134.30
135.83
137.07
138.30
139.67
141.08
142.05
142.81
144.44
145.55
145.82
146.39
147.03
147.80
148.94
149.69
150.58
151.03
151.26
151.55
151.56
151.08
150.30
149.48
148.68
148.23
147.81
147.53
147.63
147.91
148.50
149.70
150.61
150.74
151.24
151.77
152.37
153.16
153.73
154.22
155.19
155.96
156.61
157.45
158.36
159.76
161.00
84
137.09
137.76
138.48
139.17
139.62
140.06
140.38
140.75
141.26
141.82
142.30
142.96
143.79
144.79
145.87
146.71
147.59
148.39
148.80
149.38
150.10
150.77
151.58
152.44
153.27
153.82
154.36
154.95
155.66
156.04
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
29-Apr-04
30-Apr-04
3-May-04
4-May-04
5-May-04
6-May-04
7-May-04
10-May-04
11-May-04
12-May-04
13-May-04
14-May-04
17-May-04
18-May-04
19-May-04
20-May-04
21-May-04
24-May-04
25-May-04
26-May-04
27-May-04
28-May-04
31-May-04
1-Jun-04
2-Jun-04
3-Jun-04
4-Jun-04
7-Jun-04
8-Jun-04
9-Jun-04
10-Jun-04
11-Jun-04
14-Jun-04
15-Jun-04
16-Jun-04
17-Jun-04
18-Jun-04
21-Jun-04
22-Jun-04
23-Jun-04
24-Jun-04
25-Jun-04
28-Jun-04
29-Jun-04
30-Jun-04
1-Jul-04
2-Jul-04
5-Jul-04
6-Jul-04
7-Jul-04
8-Jul-04
9-Jul-04
12-Jul-04
13-Jul-04
14-Jul-04
170.75
169.8
167.5
167.35
173.05
174.4
167.6
158
150.85
153.45
159.95
141.4
135.05
146.25
154.8
150.25
147.95
154.45
150.45
155.35
153.65
148.05
138.45
138.45
141.1
137.55
132.7
140.5
146.45
149.45
149.85
142
138.65
137.4
136.1
135.3
135.6
130.75
132.5
130.35
126.15
133.65
137
137.7
136.55
139.4
143.65
147.65
149.4
145.5
148.65
158.05
154.95
151.95
149.7
162.36
163.67
164.91
165.80
166.62
167.70
168.57
169.04
168.87
168.01
167.54
167.29
166.29
165.00
164.09
163.31
162.60
161.75
160.99
160.21
159.73
159.24
158.45
156.91
155.79
154.73
153.41
151.92
150.84
150.01
149.06
148.08
147.06
146.28
145.74
145.05
144.06
143.83
143.66
143.11
142.13
141.17
140.60
139.90
139.39
138.64
138.07
137.89
138.26
138.70
138.87
139.32
140.33
140.91
141.13
85
156.33
156.57
156.80
157.01
157.21
157.61
158.10
158.48
158.69
158.85
159.07
159.01
158.76
158.39
158.23
158.24
158.16
157.99
158.09
158.08
158.17
158.35
158.40
158.34
158.39
158.55
158.54
158.41
158.32
158.31
158.38
158.32
158.05
157.57
156.88
156.30
155.68
155.06
154.33
153.60
152.72
151.88
151.17
150.44
149.80
149.18
148.66
148.17
147.58
147.24
146.80
146.36
146.13
145.88
145.57
147.63
148.06
148.44
148.75
149.01
149.30
149.46
149.58
149.79
150.06
150.34
150.64
150.92
151.18
151.37
151.50
151.63
151.73
151.56
151.49
151.41
151.32
151.38
151.44
151.53
151.50
151.51
151.56
151.62
151.64
151.57
151.47
151.46
151.44
151.39
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184
185
186
187
188
189
190
15-Jul-04
16-Jul-04
19-Jul-04
20-Jul-04
21-Jul-04
22-Jul-04
23-Jul-04
26-Jul-04
27-Jul-04
28-Jul-04
29-Jul-04
30-Jul-04
2-Aug-04
3-Aug-04
4-Aug-04
5-Aug-04
6-Aug-04
9-Aug-04
10-Aug-04
11-Aug-04
12-Aug-04
13-Aug-04
16-Aug-04
17-Aug-04
18-Aug-04
19-Aug-04
20-Aug-04
23-Aug-04
24-Aug-04
25-Aug-04
26-Aug-04
27-Aug-04
30-Aug-04
31-Aug-04
1-Sep-04
2-Sep-04
3-Sep-04
6-Sep-04
7-Sep-04
8-Sep-04
9-Sep-04
10-Sep-04
13-Sep-04
14-Sep-04
15-Sep-04
16-Sep-04
17-Sep-04
20-Sep-04
21-Sep-04
22-Sep-04
23-Sep-04
24-Sep-04
27-Sep-04
28-Sep-04
29-Sep-04
150.2
150.05
151.75
155.35
157.6
164.55
152.3
150.75
148.5
149.85
149.45
152.35
151.35
150.05
150.6
150.4
149
152.15
157.5
157.3
158.6
150.7
150.3
151.05
141.4
145.35
142.65
139.6
135.5
136.75
136.65
139.9
136.05
139.9
137.05
136.45
134.4
135.1
133.9
136.45
132.85
138.8
139.85
146.35
143.35
145.5
149.2
148.05
149.75
150.05
147.9
149.6
145.05
141.7
140.55
141.14
141.15
141.47
142.00
142.72
143.58
144.75
145.41
146.21
146.85
147.63
148.57
149.31
149.89
150.38
150.94
151.38
151.60
151.78
152.10
152.57
152.97
152.68
152.49
152.46
152.12
151.93
151.63
151.15
150.35
149.52
148.40
147.91
147.32
146.98
146.46
145.94
145.23
144.58
143.93
143.36
142.66
142.25
141.76
141.32
140.76
140.23
140.17
140.08
140.03
140.38
140.48
140.76
140.98
141.22
86
145.10
144.62
144.27
144.14
144.23
144.31
144.41
144.62
144.94
144.98
144.88
144.87
144.96
144.89
144.89
144.79
144.73
144.74
145.02
145.40
145.72
146.14
146.50
146.70
146.79
146.63
146.54
146.55
146.57
146.54
146.55
146.58
146.66
146.77
146.92
147.05
147.26
147.27
147.23
147.16
147.15
147.02
146.93
146.77
146.71
146.67
146.60
146.43
146.29
146.24
146.25
146.21
146.20
146.06
145.79
151.36
151.36
151.37
151.41
151.54
151.69
151.71
151.69
151.66
151.61
151.56
151.51
151.47
151.49
151.48
151.48
151.54
151.57
151.68
151.90
152.13
152.34
152.46
152.51
152.55
152.51
152.43
152.30
152.07
151.71
151.42
151.13
150.86
150.55
150.26
149.89
149.57
149.22
148.84
148.48
148.17
147.84
147.55
147.18
146.98
146.73
146.48
146.28
146.08
145.91
145.68
145.41
145.23
145.10
145.01
191
192
193
194
195
196
197
198
199
200
201
202
203
204
205
206
207
208
209
210
211
212
213
214
215
216
217
218
219
220
221
222
223
224
225
226
227
228
229
230
231
232
233
234
235
236
237
238
239
240
241
242
243
244
245
30-Sep-04
1-Oct-04
4-Oct-04
5-Oct-04
6-Oct-04
7-Oct-04
8-Oct-04
9-Oct-04
11-Oct-04
12-Oct-04
14-Oct-04
15-Oct-04
18-Oct-04
19-Oct-04
20-Oct-04
21-Oct-04
25-Oct-04
26-Oct-04
27-Oct-04
28-Oct-04
29-Oct-04
1-Nov-04
2-Nov-04
3-Nov-04
4-Nov-04
5-Nov-04
8-Nov-04
9-Nov-04
10-Nov-04
11-Nov-04
12-Nov-04
16-Nov-04
17-Nov-04
18-Nov-04
19-Nov-04
22-Nov-04
23-Nov-04
24-Nov-04
25-Nov-04
29-Nov-04
30-Nov-04
1-Dec-04
2-Dec-04
3-Dec-04
6-Dec-04
7-Dec-04
8-Dec-04
9-Dec-04
10-Dec-04
13-Dec-04
14-Dec-04
15-Dec-04
16-Dec-04
17-Dec-04
20-Dec-04
146.3
143
144.35
148.95
149
154.65
157.3
153.9
156.8
152
148.25
150.75
147.75
151.35
149.55
149.2
150.65
154.85
157.6
160.1
157.15
158.3
158.95
159.8
159.65
155.9
158.8
159.7
163
164.5
164.75
162.75
161.3
161.3
160.6
161.25
164.05
164.8
167.6
168.6
173.7
183.4
186.55
186
178.85
178.1
188.35
192.7
188.2
191.2
199.8
212.15
213.4
198.55
195.55
141.38
141.76
141.89
142.22
142.58
143.06
143.79
144.70
145.45
146.37
146.99
147.61
148.09
148.40
148.60
148.85
149.00
149.06
149.33
149.64
150.04
150.41
150.76
151.32
152.04
152.81
153.19
153.82
154.44
155.00
155.62
156.02
156.24
156.54
156.72
157.06
157.58
158.11
158.79
159.44
160.21
161.19
162.50
163.76
164.90
165.65
166.49
167.69
169.04
170.18
171.44
173.19
175.33
177.48
178.90
87
145.45
145.08
144.90
144.77
144.78
144.76
144.87
144.96
145.02
145.15
145.18
145.14
145.17
145.08
144.96
144.80
144.62
144.62
144.71
144.84
145.21
145.45
145.76
146.15
146.63
147.09
147.48
147.85
148.33
148.79
149.34
149.90
150.47
151.00
151.54
152.03
152.59
153.10
153.60
154.02
154.53
155.09
155.78
156.55
157.27
157.85
158.45
159.23
160.18
161.11
162.12
163.19
164.58
165.96
166.95
144.88
144.74
144.76
144.85
144.88
144.82
144.87
144.96
144.95
145.02
144.98
144.93
144.96
145.05
145.18
145.26
145.38
145.56
145.70
145.81
145.92
145.99
146.16
146.36
146.58
146.82
147.03
147.26
147.55
147.85
148.19
148.58
148.87
149.11
149.35
149.59
149.81
150.01
150.18
150.37
150.60
150.85
151.10
151.42
151.76
152.05
152.33
152.71
153.12
153.45
153.79
154.14
154.74
155.36
155.86
146.31
146.49
146.70
146.90
147.09
147.28
147.42
147.57
147.75
147.94
148.13
148.32
148.54
148.77
148.98
149.16
149.33
149.49
149.56
149.67
149.80
149.95
150.12
150.28
150.44
150.55
150.66
150.79
150.90
151.00
151.08
151.16
151.28
151.43
151.57
151.70
151.84
152.04
152.27
152.50
152.74
152.92
153.21
153.51
153.74
246
247
248
249
250
251
252
253
254
21-Dec-04
22-Dec-04
23-Dec-04
24-Dec-04
27-Dec-04
28-Dec-04
29-Dec-04
30-Dec-04
31-Dec-04
199.05
203.35
208.9
208.85
209.75
212.4
213.25
212.95
216.35
180.14
181.51
183.14
185.04
186.94
188.91
190.95
192.92
194.85
167.88
168.77
169.69
170.79
171.83
172.98
174.27
175.52
176.82
156.32
156.82
157.33
157.90
158.49
159.08
159.70
160.34
160.95
MACD CHARTS
88
153.94
154.17
154.40
154.70
154.99
155.28
155.62
155.96
156.31
89
90
91
Ranbaxy
25 DAY MOVING AVERAGE
92
93
94
95
TISCO
25 DAY MOVING AVERAGE
96
97
98
99
100
101
102
103
Ran baxy
From the charts it is infered there were frequent ups and downs
in the share price . The share price went a steady upward until
the middle of the year then a steeply down towards the second
last quarter of the year and it is recovering. The 25 day moving
averages is signalling both buy and sell throughout the year.
The 50 day moving average is inferring buying towards the end
104
of the year. It is a good signal for the share when it goes above
the moving average line as shown by the 100 & 200 day charts.
Bharati televentures
From the charts it is infered that through out the year most of the
time the share was in a buying position exept on the second
quarter of the year that is selling. The 50 day charts shows that
until the middle of the year it was a bad period for the share and
then after the month of June it recovered. The
100 day chart shows that share is doing well. The 200 day chart
shows that it is good scrip for the buyers as it has signalled the
buy.
105
FINDINGS
The findings derived from the above study is as under:1.Gujarat Ambuja Cements
From the above analysis it is observed that according to the 25
day, 50 day, 100 day & 200 day moving averages the company
is really doing well and the buyers are benefitedmostly as the
moving average lines are below for most of the time in the year.
Moving aveage chart show that the company is a good option
for the medium term investors who buying the shares holding it
and selling it after 6 months period.
The Dupont analysis shows that the share is yielding good
returns on the equity of
the
highest
market
capitalisation
rate
of
106
2. Ranbaxy
From the above analysis of the moving average charts it is
infered the scrip is showing buy and sell signals in the moving
average alternatively throughout the year. Hence it is a volatile
share. The share is suitable only for short term investors .
The company is also the industry leader as it is having highest
market capitalization rate of Rs.19590 lakhs. it means that the
share is the most popular avenue to invest in the industry.
While calculating the ratios it was infered that Ranbaxy is
having the highest earnings per share in the group 41.22%.
The dupont analysis of Ranbaxy shows the share is giving good
returns as it is the highest in the group (38.9%). But it having
the lowest price earnings ratio value of 3.03.
As it is generating the highest yield it can be very well
considered while building up a portfolio.
3. Tata Iron & Steel
It is observed that the prices of the share has undergone a steepy
downward trend towards the middle of the year. And it has
recovered immediately, and now it is following a upward trend.
The moving averages gives a green for the buyers. It is the best
avenue for the long term as well as for the medium term
107
the 100 day is for the medium term investors and the 200 day is
best for the long term investors.
109
7. Before investing the investor should look into how best the
particular investment option going to fulfill his investment
goals. This is very imortant in building up a profitable portfolio.
CONCLUSION
From the study it can be concluded that the analysis was carried
out with the help of the best and the most widely used tools for
analysis. This will help an investor to get a clear cut picture of
the companys position. An investor should try to minimise the
risk as far as possible and that can be done by investing in
different industries scrips and can be selected either on the basis
of market capitalization rates or on the basis of their
profitability. If the shares of different industries are selected the
share market ups and downs would not have a greater impacton
the portfolio. The companies perfomance should be monitored
closely to track the investment perfomance.
110
BIBLIOGRAPHY
Book
Name
Author
Name
Publisher
Statistical
Methods
Statistics for
Management
S.P. Gupta
19th Edition
2004
th
7 Edition
1997
Research
C.K Kothari
Methodology
Sultan Chand
Publicatons
Prentice hall of
India
Publications
Willey Eastern
Publication
6th Edition
2004
277-299
Financial
Management
Prassanna
Chandra
Tata MC Graw
Hill
5th Edition
2004
230-300
International
Financial
Management
Resnick B.G
Irwin MC Graw
Hill
8th Edition
2003
210-225
Richard I.
Leven
Websites
1.
www.nseindia.com
2.
www.bse.com
3.
www.investopedia.com
News Papers
1.
The Hindu
2.
3.
Business Line
111
Year of
Pages
Publication / Reffered
Edition
48-64
97-150
Magazines
1. Dalal Street (Volume 20, No : 8, January 17)
Annexure
112
Prev
Close
303.55
312
314.95
318.1
309.25
314.4
316.7
320.9
317.25
312.7
326.85
314.5
300
306.95
298.15
282.5
276.1
286.7
301.6
298.3
296.15
289.4
277.1
292.5
284.15
297
302.5
301.65
309.45
304.85
308.75
307.75
311.2
319.3
304.85
305
295.95
297.8
291.75
299.45
308
313.65
314.7
308.15
314.15
322.15
321.35
Open
310
314.95
319
320
312.4
316
325.4
325
318.95
315
330.1
315
302
313.9
295
287
275.1
293.75
303
300.35
299.8
290.15
282
294.7
288
300
304
304.25
312
305.5
311
308.7
313.95
319.3
304.05
307
294
299.95
294
299
310.9
317
315.45
309.1
316
324
319
High
313.9
317.2
321.2
328.4
316.35
324.75
335
327
320
328.95
331.9
315
309.8
313.9
296.7
291
288.65
302.95
313.2
304.4
302.85
290.5
294.85
298.75
299.7
304
309.25
310.4
313.4
309.75
314
312.7
322.75
319.8
310
307.5
299
299.95
304.85
309.9
316.45
320.8
318.4
316.25
326.4
324
320.45
Low
306
311.05
304.5
305.05
305.5
315.15
318.2
315.1
307.5
315
311.65
296.1
285.25
292.35
277.3
270.1
275.1
284
292.5
292.15
288.1
271.1
277.5
280.1
283.6
294.2
296.1
303.1
301.1
300.75
305
305.1
313.95
302.6
298.1
294.5
286.8
290.55
291.1
295.05
307.15
313
302.35
306.05
314.2
310.25
310.15
113
Close
312
314.95
318.1
309.25
314.4
316.7
320.9
317.25
312.7
326.85
314.5
300
306.95
298.15
282.5
276.1
286.7
301.6
298.3
296.15
289.4
277.1
292.5
284.15
297
302.5
301.65
309.45
304.85
308.75
307.75
311.2
319.3
304.85
305
295.95
297.8
291.75
299.45
308
313.65
314.7
308.15
314.15
322.15
321.35
312.55
Weekly
highest
Weekly
lowest
314.95
312
320.9
309.25
326.85
300
306.95
276.1
301.6
289.4
297
277.1
309.45
301.65
319.3
304.85
308
291.75
314.7
308.15
Monthly
highest
Monthly
lowest
326.85
276.1
319.3
277.1
11-Mar-04
12-Mar-04
15-Mar-04
16-Mar-04
17-Mar-04
18-Mar-04
19-Mar-04
22-Mar-04
23-Mar-04
24-Mar-04
25-Mar-04
26-Mar-04
29-Mar-04
30-Mar-04
31-Mar-04
1-Apr-04
2-Apr-04
5-Apr-04
6-Apr-04
7-Apr-04
8-Apr-04
12-Apr-04
13-Apr-04
15-Apr-04
16-Apr-04
17-Apr-04
19-Apr-04
20-Apr-04
21-Apr-04
22-Apr-04
23-Apr-04
27-Apr-04
28-Apr-04
29-Apr-04
30-Apr-04
3-May-04
4-May-04
5-May-04
6-May-04
7-May-04
10-May-04
11-May-04
12-May-04
13-May-04
14-May-04
17-May-04
18-May-04
19-May-04
20-May-04
21-May-04
24-May-04
25-May-04
26-May-04
27-May-04
28-May-04
312.55
296.65
299.3
286.15
282.3
289.3
288.65
287.65
282.3
294.8
291.55
287.75
299.45
300.1
287.7
295.5
301.4
306.5
306.6
306.65
309.15
310.6
306.9
317.05
330.3
330.4
327.55
320.7
319.05
327.65
337
337.3
325.5
322.85
330.5
331.85
323.75
335.85
339.15
345.5
340.65
331.7
316.7
316.3
323.55
310.15
276.6
285.8
298.3
292.45
296.1
306.55
310.35
306.45
296
310
297
302
282
286
290.5
289
280
282
295
292.4
292
304.85
303.9
289.9
297.7
303.7
308
308
308
309
310
307
320
332
334.9
330
323.4
317.05
330
337.35
337.7
327
321
331
332.45
325.1
339
342
346
339.5
325
317.4
313
321.15
310
260
295
300
292
301.9
302
313.95
306.5
290
310
301.35
306.5
290.6
291.5
294.85
292.5
286.5
296.5
295
295.35
300.95
304.85
304
298.6
302.9
308
309.9
308.9
314.6
312.4
314
319
332.35
335.8
334.9
330.5
324.6
328.75
339.8
341.85
337.7
334
333
334.4
336
338.45
341.3
347.3
346.75
339.5
325.3
323.8
338.7
325
310
297.7
338
305
298
308.35
312.9
313.95
309.25
295
293
289.1
281.15
277.1
280.25
286.05
280
280
280
285.6
284.5
291.2
297.25
286.5
285
297
301.75
305.1
300.5
305.5
306
305.85
304.05
319
326.5
326.05
312.7
317
317
325.1
328.25
310
320
318.15
326.5
317.1
325.1
335
338.5
337.5
328.55
311.25
314.5
288
295
251.6
255
282
285.6
279.55
300
298.65
304.5
293.25
285.25
114
296.65
299.3
286.15
282.3
289.3
288.65
287.65
282.3
294.8
291.55
287.75
299.45
300.1
287.7
295.5
301.4
306.5
306.6
306.65
309.15
310.6
306.9
317.05
330.3
330.4
327.55
320.7
319.05
327.65
337
337.3
325.5
322.85
330.5
331.85
323.75
335.85
339.15
345.5
340.65
331.7
316.7
316.3
323.55
310.15
276.6
285.8
298.3
292.45
296.1
306.55
310.35
306.45
296
288.25
322.15
296.65
289.3
282.3
299.45
282.3
306.5
287.7
310.6
306.6
330.4
306.9
337.3
319.05
331.85
322.85
345.5
323.75
331.7
310.15
298.3
276.6
310.35
288.25
322.15
282.3
337.3
301.4
31-May-04
1-Jun-04
2-Jun-04
3-Jun-04
4-Jun-04
7-Jun-04
8-Jun-04
9-Jun-04
10-Jun-04
11-Jun-04
14-Jun-04
15-Jun-04
16-Jun-04
17-Jun-04
18-Jun-04
21-Jun-04
22-Jun-04
23-Jun-04
24-Jun-04
25-Jun-04
28-Jun-04
29-Jun-04
30-Jun-04
1-Jul-04
2-Jul-04
5-Jul-04
6-Jul-04
7-Jul-04
8-Jul-04
9-Jul-04
12-Jul-04
13-Jul-04
14-Jul-04
15-Jul-04
16-Jul-04
19-Jul-04
20-Jul-04
21-Jul-04
22-Jul-04
23-Jul-04
26-Jul-04
27-Jul-04
28-Jul-04
29-Jul-04
30-Jul-04
2-Aug-04
3-Aug-04
4-Aug-04
5-Aug-04
6-Aug-04
9-Aug-04
10-Aug-04
11-Aug-04
12-Aug-04
13-Aug-04
288.25
281.9
286.7
297.9
283.5
287.8
289.25
291.95
292.35
290.05
283.6
269.9
271.85
266.25
265.55
260.6
257.2
260.65
257.75
265.55
275
280.65
283.85
284.05
284.8
275.5
272.25
276.95
279.95
273.75
282.05
279.55
264.95
267.05
275.25
276.7
280.25
273.95
271.6
264.5
271.9
276.75
271
267.05
271.05
278.15
282.95
296.4
294.75
300.8
303.05
309.65
307.15
298.15
296.1
288.05
287
285
301.9
280
290
290
293
292
289.5
283.9
268
271.8
265
266
262
260.1
262
231
266
275.3
280
283
284.9
281.25
277
271
277.5
280
266
280.05
282
267.5
266.7
275.3
273
285.1
273
274
266
270.05
278.8
274.1
265
273.9
280
286
297
296
302
307
312
308
300
296.05
288.05
293.4
300
307.8
288.5
298
293.95
297.7
293.35
290.9
283.9
275.9
271.8
268.75
268.25
262
261.95
264
267.5
277.45
281.8
284.9
287
286.4
284
277
278.45
283.5
287
283.6
284.95
282
268.8
276.45
279.9
282.95
285.1
289.9
275
273.95
279.45
279
274.1
274
281
286.4
299.4
300.8
304.45
305.3
310.6
312.9
309.7
303
309.4
268.55
281
285
281.2
280
287.25
287.1
290.05
288.55
282.1
266
268
263.55
257.9
258.5
255.65
254.35
254.55
231
261
275.15
276.25
281.7
280.15
274
268.65
270
276
271.25
265
274.6
263
261
265.05
272.1
273
272.3
269
263.1
262
270.05
270
263.5
265
273.75
278.75
285.7
291.5
294.1
296
304
306
297.05
293.1
295.2
115
281.9
286.7
297.9
283.5
287.8
289.25
291.95
292.35
290.05
283.6
269.9
271.85
266.25
265.55
260.6
257.2
260.65
257.75
265.55
275
280.65
283.85
284.05
284.8
275.5
272.25
276.95
279.95
273.75
282.05
279.55
264.95
267.05
275.25
276.7
280.25
273.95
271.6
264.5
271.9
276.75
271
267.05
271.05
278.15
282.95
296.4
294.75
300.8
303.05
309.65
307.15
298.15
296.1
307.55
297.9
281.9
292.35
283.6
271.85
260.6
275
257.2
284.8
275.5
282.05
272.25
279.55
264.95
280.25
264.5
278.15
267.05
303.05
282.95
309.65
296.1
345.5
276.6
297.9
257.2
284.8
264.5
16-Aug-04
17-Aug-04
18-Aug-04
19-Aug-04
20-Aug-04
23-Aug-04
24-Aug-04
25-Aug-04
26-Aug-04
27-Aug-04
30-Aug-04
31-Aug-04
1-Sep-04
2-Sep-04
3-Sep-04
6-Sep-04
7-Sep-04
8-Sep-04
9-Sep-04
10-Sep-04
13-Sep-04
14-Sep-04
15-Sep-04
16-Sep-04
17-Sep-04
20-Sep-04
21-Sep-04
22-Sep-04
23-Sep-04
24-Sep-04
27-Sep-04
28-Sep-04
29-Sep-04
30-Sep-04
1-Oct-04
4-Oct-04
5-Oct-04
6-Oct-04
7-Oct-04
8-Oct-04
9-Oct-04
11-Oct-04
12-Oct-04
14-Oct-04
15-Oct-04
18-Oct-04
19-Oct-04
20-Oct-04
21-Oct-04
25-Oct-04
26-Oct-04
27-Oct-04
28-Oct-04
29-Oct-04
1-Nov-04
307.55
306.6
311.65
304.35
316.6
311.3
313.15
320.2
322.2
320.65
317.25
323.85
324.35
333
331.3
331
328.55
329.7
334.05
336.85
342.3
336.85
339.1
341.2
343.65
343.55
343.75
343
346.25
343.4
335.75
333.65
334.15
335.8
337.35
344.85
358.5
360.8
354.85
360.9
358.8
357.75
364.3
356.95
358.1
353.8
353.15
354.5
359.05
359.15
344.55
334.1
341.5
347.15
341.95
306
309
308.5
306.9
315.9
314
314.25
321
325
320
322.8
324.5
325
331
331.5
333.95
326
331.5
336
336.8
343.8
337
340.35
341.5
344.05
345
346.6
343
346
342.9
334.9
333
334.5
337.5
336.1
347.5
359.9
361.25
357.95
362
359.9
355.25
365
355
357.8
355
355.5
357.8
365
358.5
343.2
339
341.55
354.9
343
308.8
313.45
308.5
318
315.9
318.4
321.3
323.7
325
321.85
324.75
326.45
335.2
335.2
332
334.4
331
334.5
337.85
344.5
344.25
341.65
344
344.7
347
346.25
346.6
350.8
349.85
343.4
336.9
336.2
336.75
340
346
360
363
362.5
361.7
364.4
360
369.2
370
360.4
359.65
357.25
357
364.3
366
358.5
345
343.9
351.4
354.9
346.5
302
309
302.8
304.65
307.35
309.3
311.4
318.8
318
314.2
319
320.2
323.2
328.1
328
327.75
326
329.25
333.7
335.1
335.6
337
339.55
340.05
342.45
342.1
338.8
330
341.15
334.3
331.7
331.1
329.5
335
335
347.5
357
353.3
355.05
356
356.5
355.25
354.1
348.3
351.1
352
350.3
350.1
357
341.15
328
336.05
316.8
340.25
337.6
116
306.6
311.65
304.35
316.6
311.3
313.15
320.2
322.2
320.65
317.25
323.85
324.35
333
331.3
331
328.55
329.7
334.05
336.85
342.3
336.85
339.1
341.2
343.65
343.55
343.75
343
346.25
343.4
335.75
333.65
334.15
335.8
337.35
344.85
358.5
360.8
354.85
360.9
358.8
357.75
364.3
356.95
358.1
353.8
353.15
354.5
359.05
359.15
344.55
334.1
341.5
347.15
341.95
344.8
316.6
304.35
322.2
313.15
333
323.85
342.3
328.55
343.65
336.85
346.25
335.75
344.85
333.65
360.9
354.85
364.3
353.15
359.15
353.15
347.15
334.1
324.35
282.95
346.25
328.55
364.3
334.1
2-Nov-04
3-Nov-04
4-Nov-04
5-Nov-04
8-Nov-04
9-Nov-04
10-Nov-04
11-Nov-04
12-Nov-04
16-Nov-04
17-Nov-04
18-Nov-04
19-Nov-04
22-Nov-04
23-Nov-04
24-Nov-04
25-Nov-04
29-Nov-04
30-Nov-04
1-Dec-04
2-Dec-04
3-Dec-04
6-Dec-04
7-Dec-04
8-Dec-04
9-Dec-04
10-Dec-04
13-Dec-04
14-Dec-04
15-Dec-04
16-Dec-04
17-Dec-04
20-Dec-04
21-Dec-04
22-Dec-04
23-Dec-04
24-Dec-04
27-Dec-04
28-Dec-04
29-Dec-04
30-Dec-04
31-Dec-04
344.8
353
351.55
350.4
346.35
347.15
352.1
351.95
354.8
352.95
354.9
355.3
356.3
352.6
358
363.8
368.65
365.05
371.65
368.5
365.45
371.55
369.7
373.55
376.5
378.6
382.85
380.55
380.1
381.45
383
387.5
388.55
393.45
395.95
385.95
392.65
391.8
401
397.6
402.55
395.65
347
354.1
352.9
349.8
348.9
349.5
353
353.8
356
352.25
357.9
354
357
350.25
360.1
365
369
365
374.5
371.9
368
372
373.9
376
375.7
380
383
381.5
382
382.1
383
390.8
389.8
394.1
399.9
387.9
395
393.75
399.9
399
405.5
403
354.4
355.95
353.95
349.8
353.25
355
354.95
356.35
357
355.75
360
357.4
359.7
359.8
367
370
372.25
372.95
375.4
371.9
373.5
377.5
375.25
379
383.25
384
386.95
383.95
383.15
384.45
389.95
392.4
395
398.2
399.95
395.8
398.4
402.3
403.9
404.5
407
405.9
347
349.55
346.3
343
346.2
345.6
350.2
350.5
350.5
348.1
353.4
353.2
350.25
348.45
360.1
363
362.25
362.1
365.75
363.25
366
368.5
369.1
372.25
375.1
377.5
378.5
378.1
379.5
380
380.15
385.6
386.05
391.4
381.75
386.2
390
391
395.05
393
393.3
366
353
351.55
350.4
346.35
347.15
352.1
351.95
354.8
352.95
354.9
355.3
356.3
352.6
358
363.8
368.65
365.05
371.65
368.5
365.45
371.55
369.7
373.55
376.5
378.6
382.85
380.55
380.1
381.45
383
387.5
388.55
393.45
395.95
385.95
392.65
391.8
401
397.6
402.55
395.65
403
353
344.8
354.8
347.15
356.3
352.6
368.65
358
371.65
365.45
382.85
373.55
388.55
380.1
395.95
385.95
403
395.65
371.65
344.8
395.65
365.45
RAN BAXY
Date
1-Jan-04
Prev
Close
1095.25
Open
1109
High
1116
Low
1100.25
117
Close
1105
Weekly
highest
Weekly
lowest
Monthly
highest
Monthly
lowest
2-Jan-04
5-Jan-04
6-Jan-04
7-Jan-04
8-Jan-04
9-Jan-04
12-Jan-04
13-Jan-04
14-Jan-04
15-Jan-04
16-Jan-04
19-Jan-04
20-Jan-04
21-Jan-04
22-Jan-04
23-Jan-04
27-Jan-04
28-Jan-04
29-Jan-04
30-Jan-04
3-Feb-04
4-Feb-04
5-Feb-04
6-Feb-04
9-Feb-04
10-Feb-04
11-Feb-04
12-Feb-04
13-Feb-04
16-Feb-04
17-Feb-04
18-Feb-04
19-Feb-04
20-Feb-04
23-Feb-04
24-Feb-04
25-Feb-04
26-Feb-04
27-Feb-04
1-Mar-04
3-Mar-04
4-Mar-04
5-Mar-04
8-Mar-04
9-Mar-04
10-Mar-04
11-Mar-04
12-Mar-04
15-Mar-04
16-Mar-04
17-Mar-04
18-Mar-04
19-Mar-04
22-Mar-04
23-Mar-04
1105
1107.35
1095.55
1082.35
1069.95
1069.8
1077
1077.8
1121.1
1136.95
1117.2
1080.45
1092.3
1085.7
1046.95
1006.2
1031.6
1025.8
1003.75
1005.45
993.45
980.9
987.8
988
953
974.1
974.3
983.25
980.55
999.95
999.15
1002.25
999.2
983.35
988.8
979.55
970.15
952.85
922.5
938.55
962.5
977.2
970.55
971.4
980.7
990.1
980.35
952.65
959.6
954.9
944.2
948.65
943.3
938.45
923.4
1109
1115
1110
1084
1085
1100
1079
1079.95
1136.9
1148
1115
1065.3
1098.25
1085
1050
1012
1001.35
1029.9
1004.1
1010
1003.35
985
997
965.3
998.9
980
980
987
985
1010.1
1003.95
1005
996
980
987
976.1
1002.9
959
930
930
965
984.75
978
975
984.9
995
978
950
959.1
955
950
950.1
938.05
939
922
1124
1120
1114
1086.95
1085
1107.9
1082
1126
1148
1152.45
1119
1098
1122
1097.5
1070
1040
1035
1040
1024.75
1010
1003.35
997
1005
990
998.9
984
986
993
1003.9
1012
1007.7
1011
999.8
995
995
978.95
1002.9
964.85
946.2
974
984.7
984.75
978
991
994.6
999.6
978
965
969.5
955
966.9
952
958
939
937.9
1100.5
1090
1075
1038
1055
1074
1053
1057
1126.15
1110
1077.15
1057.5
1071.35
1031
983.3
1009
990
999
995
987.25
965
976.25
981.1
938
940
965.5
971
971.65
980.05
994
990
995.15
974.55
968
969.15
955
948
912.15
928.1
917.1
958.25
961.2
965.9
970.05
972.75
976
948
931
946.1
932.55
935
939.9
930
918.2
916.1
118
1107.35
1095.55
1082.35
1069.95
1069.8
1077
1077.8
1121.1
1136.95
1117.2
1080.45
1092.3
1085.7
1046.95
1006.2
1031.6
1025.8
1003.75
1005.45
993.45
980.9
987.8
988
953
974.1
974.3
983.25
980.55
999.95
999.15
1002.25
999.2
983.35
988.8
979.55
970.15
952.85
922.5
938.55
962.5
977.2
970.55
971.4
980.7
990.1
980.35
952.65
959.6
954.9
944.2
948.65
943.3
938.45
923.4
928.3
1107.35
1105
1095.55
1069.8
1136.95
1077.8
1092.3
1006.2
1025.8
993.45
988
953
999.95
974.1
1002.25
983.35
979.55
922.5
977.2
962.5
990.1
952.65
954.9
938.45
1136.95
993
1002.25
92
24-Mar-04
25-Mar-04
26-Mar-04
29-Mar-04
30-Mar-04
31-Mar-04
1-Apr-04
2-Apr-04
5-Apr-04
6-Apr-04
7-Apr-04
8-Apr-04
12-Apr-04
13-Apr-04
15-Apr-04
16-Apr-04
17-Apr-04
19-Apr-04
20-Apr-04
21-Apr-04
22-Apr-04
23-Apr-04
27-Apr-04
28-Apr-04
29-Apr-04
30-Apr-04
3-May-04
4-May-04
5-May-04
6-May-04
7-May-04
10-May-04
11-May-04
12-May-04
13-May-04
14-May-04
17-May-04
18-May-04
19-May-04
20-May-04
21-May-04
24-May-04
25-May-04
26-May-04
27-May-04
28-May-04
31-May-04
1-Jun-04
2-Jun-04
3-Jun-04
4-Jun-04
7-Jun-04
8-Jun-04
9-Jun-04
10-Jun-04
928.3
914.05
886.25
904.2
922.45
930.4
939.75
989.4
987.7
989.9
1010.7
1029.3
1046.2
1041.35
1038.95
1018.95
1037.4
1026.35
1052.3
1051.65
1049.4
1063.75
1054.15
1057.55
1062.1
1072.9
1061.4
1030.15
1040.2
1039.1
1048
1026.5
1019.4
995.95
1012.5
1037.85
1033.25
970.45
1002.9
1003.05
996.3
996.2
1018.15
1014.6
1016.05
1020
989.75
989.55
1011.9
1010.25
994.75
1007.05
1011.6
1006.95
1012.75
938
918
923.3
917
930
930
942.25
990
990
987
1112
1030
1050
1043
1022.3
1015
1040
1032
1019
1040.1
1058
1065
1050
1051
1060
1015.3
1052
1034.8
1040
1045.7
1055
1030
1005
1000
1004
1040
980.4
970
1027
1015
991
1001.9
1050
1000
1010
1000
972.1
999.7
996
1011.05
987
1013
1005.1
988.1
998.85
938
924.45
923.3
926.9
943.7
944.95
999.75
997.9
999
1014.9
1112
1051
1050
1045
1049.9
1041.9
1042.9
1057.7
1054
1070
1067.9
1065
1065.9
1070
1081
1074
1054.9
1045
1043
1055.9
1055
1030
1010
1017.9
1050
1053.85
1030
1031
1027
1021
1000.25
1045
1050
1035
1023.9
1010
1000
1020.5
1014.85
1028
1014
1031.7
1012.5
1024.95
1012.05
908.25
876.6
900
905.45
925.1
926
941.5
971.05
945.3
987
1019.9
1025
1025
1031.1
1015
1012.25
1023
1032
1011.25
1040.1
1045
1047.15
1028
1034.05
1039
1015.3
1005
1026
1032.5
1045
1017
999
985
991
990
1029
900
951
985.2
981.25
970.2
998
995.15
988.1
995.1
984
955
991
985
991.3
987
1001.1
998
988.1
995
119
914.05
886.25
904.2
922.45
930.4
939.75
989.4
987.7
989.9
1010.7
1029.3
1046.2
1041.35
1038.95
1018.95
1037.4
1026.35
1052.3
1051.65
1049.4
1063.75
1054.15
1057.55
1062.1
1072.9
1061.4
1030.15
1040.2
1039.1
1048
1026.5
1019.4
995.95
1012.5
1037.85
1033.25
970.45
1002.9
1003.05
996.3
996.2
1018.15
1014.6
1016.05
1020
989.75
989.55
1011.9
1010.25
994.75
1007.05
1011.6
1006.95
1012.75
1002.5
928.3
886.25
989.4
922.45
1046.2
989.9
1041.35
1018.95
1063.75
1049.4
1072.9
1057.55
1048
1026.5
1037.85
995.95
1003.05
970.45
1020
989.75
1011.9
989.55
990.1
886
1072.9
98
1048
970
11-Jun-04
14-Jun-04
15-Jun-04
16-Jun-04
17-Jun-04
18-Jun-04
21-Jun-04
22-Jun-04
23-Jun-04
24-Jun-04
25-Jun-04
28-Jun-04
29-Jun-04
30-Jun-04
1-Jul-04
2-Jul-04
5-Jul-04
6-Jul-04
7-Jul-04
8-Jul-04
9-Jul-04
12-Jul-04
13-Jul-04
14-Jul-04
15-Jul-04
16-Jul-04
19-Jul-04
20-Jul-04
21-Jul-04
22-Jul-04
23-Jul-04
26-Jul-04
27-Jul-04
28-Jul-04
29-Jul-04
30-Jul-04
2-Aug-04
3-Aug-04
4-Aug-04
5-Aug-04
6-Aug-04
9-Aug-04
10-Aug-04
11-Aug-04
12-Aug-04
13-Aug-04
16-Aug-04
17-Aug-04
18-Aug-04
19-Aug-04
20-Aug-04
23-Aug-04
24-Aug-04
25-Aug-04
26-Aug-04
1002.5
1001
992.1
996.95
997.6
966
908.75
878.8
878.1
887.95
906.05
904.05
921.05
921.05
909.65
918.85
914.7
933.3
947.5
968.35
960.1
982.55
984.25
977.2
969.5
976
965.85
972.8
973.8
975.35
977.15
964.85
962.65
966.3
970.3
959
942.7
940.3
940.1
934.55
929.95
942.6
954.3
965.95
978.85
979.05
958.65
947.5
922.9
909.35
935.65
930.3
927.85
929.15
922.65
1007
997
994
993.1
990
965
900
878.9
893
870.1
905.1
903
920
924
914
914
919.9
932.2
947.7
974.95
955
972
980
978.8
970
982.8
969.7
978
974.95
980
978
958
970
960.1
976.25
960
953
940
949.95
929.7
932
926.3
954
959
977
979
942
943.25
921.25
912
934
920.5
931
930
924.75
1007.9
1003
1000
999.55
990
965
900
899.3
897.95
912.5
910
928
927
924.85
925
923.7
936.55
948.8
973
982.5
989
989.9
982
978.8
984.7
982.8
978.25
978
979
984
979.9
969
972
973
976.25
960
955
953.3
949.95
937.95
947.75
957.8
968.8
981.5
982
979
955.5
943.25
927
939.3
939.7
938
935.75
933.9
939.4
994.5
987
980.05
993
955.1
904
875.25
872.1
877.05
866.6
885.5
900.25
911.1
904
896.65
902
914.95
932.2
942.5
955
950
960
970.1
955
961.5
959.1
958.1
958
959
970
960.05
958
960.15
960.1
942.6
940
924.1
936
928
922
920
926.3
951
959
970.35
955.5
938
918.9
902.5
912
924
920.5
924.35
920.1
923.9
120
1001
992.1
996.95
997.6
966
908.75
878.8
878.1
887.95
906.05
904.05
921.05
921.05
909.65
918.85
914.7
933.3
947.5
968.35
960.1
982.55
984.25
977.2
969.5
976
965.85
972.8
973.8
975.35
977.15
964.85
962.65
966.3
970.3
959
942.7
940.3
940.1
934.55
929.95
942.6
954.3
965.95
978.85
979.05
958.65
947.5
922.9
909.35
935.65
930.3
927.85
929.15
922.65
936.05
1012.75
1001
997.6
908.75
906.05
878.1
921.05
909.65
982.55
933.3
984.25
965.85
977.15
964.85
970.3
942.7
942.6
929.95
979.05
954.3
947.5
909.35
1012.75
87
984.25
91
27-Aug-04
30-Aug-04
31-Aug-04
1-Sep-04
2-Sep-04
3-Sep-04
6-Sep-04
7-Sep-04
8-Sep-04
9-Sep-04
10-Sep-04
13-Sep-04
14-Sep-04
15-Sep-04
16-Sep-04
17-Sep-04
20-Sep-04
21-Sep-04
22-Sep-04
23-Sep-04
24-Sep-04
27-Sep-04
28-Sep-04
29-Sep-04
30-Sep-04
1-Oct-04
4-Oct-04
5-Oct-04
6-Oct-04
7-Oct-04
8-Oct-04
9-Oct-04
11-Oct-04
12-Oct-04
14-Oct-04
15-Oct-04
18-Oct-04
19-Oct-04
20-Oct-04
21-Oct-04
25-Oct-04
26-Oct-04
27-Oct-04
28-Oct-04
29-Oct-04
1-Nov-04
2-Nov-04
3-Nov-04
4-Nov-04
5-Nov-04
8-Nov-04
9-Nov-04
10-Nov-04
11-Nov-04
12-Nov-04
936.05
947.85
966.55
959.3
973.65
972.3
976.95
991.3
993.35
986
998.85
1024.35
1069.7
1090.65
1074.7
1089.75
1082
1080.8
1104.7
1122.7
1107.9
1115.85
1086.6
1083.15
1076.7
1091.85
1098.55
1104.25
1092.7
1076.85
1090.2
1090.35
1081.8
1062.3
1075.85
1083.05
1072.15
1080.25
1089.7
1090.95
1071.6
1069.05
1070.45
1068.25
1083.1
1098.6
1109.4
1124.15
1127.5
1140.85
1152.4
1122.3
1080.5
1093.1
1090.05
937
950
965
957.5
975
966.15
976.3
996
995
988
1000
1030
1070
1088
1075
1090
1088.8
1080
1100
1020.4
1109
1114.9
1086
1098.7
1080
1092
1105.3
1114.8
1090
1079.9
1105
1095
1081
1067
1080
1089.85
1072
1085
1090
1092
1075
1070
1070
1070.1
1090
1103
1113.9
1129.9
1130
1141.9
1140
1054.9
1060
1095
1097
956.9
969.5
970
975.75
976
978.9
1002.25
999
998.25
1003.5
1028.9
1075
1099.85
1095
1095
1095
1094.25
1117
1125.5
1121
1124.4
1127.6
1095
1098.7
1105.7
1101.45
1118.6
1114.8
1110
1099
1105
1095
1089
1081
1094.2
1094.9
1088
1091.5
1100
1095
1075
1072
1074.8
1097
1106.5
1115.9
1135
1133.1
1148.75
1157
1144.9
1126.9
1098.95
1097.45
1102
936.05
941.25
951
957.5
965.1
966.15
972.25
972.5
975
988
991.25
1030
1067.35
1072.1
1070.3
1075.45
1076.15
1075
1090.6
1020.4
1080.1
1080
1079.2
1058
1080
1077
1098
1088
1074
1075
1081.05
1079.1
1056.8
1062
1069.25
1065.25
1060
1081.25
1084.2
1066.25
1062.45
1062.35
1063.15
1069
1082
1103
1109
1115.1
1124.45
1140
1110
1054.9
1060
1085
1093.8
121
947.85
966.55
959.3
973.65
972.3
976.95
991.3
993.35
986
998.85
1024.35
1069.7
1090.65
1074.7
1089.75
1082
1080.8
1104.7
1122.7
1107.9
1115.85
1086.6
1083.15
1076.7
1091.85
1098.55
1104.25
1092.7
1076.85
1090.2
1090.35
1081.8
1062.3
1075.85
1083.05
1072.15
1080.25
1089.7
1090.95
1071.6
1069.05
1070.45
1068.25
1083.1
1098.6
1109.4
1124.15
1127.5
1140.85
1152.4
1122.3
1080.5
1093.1
1090.05
1096.3
947.85
922.65
976.95
959.3
1024.35
986
1090.65
1069.7
1122.7
1080.8
1098.55
1076.7
1104.25
1076.85
1083.05
1071.6
1090.95
1071.6
1098.6
1068.25
1152.4
1109.4
1122.3
1080.5
979.05
90
1122.7
1104.25
10
16-Nov-04
17-Nov-04
18-Nov-04
19-Nov-04
22-Nov-04
23-Nov-04
24-Nov-04
25-Nov-04
29-Nov-04
30-Nov-04
1-Dec-04
2-Dec-04
3-Dec-04
6-Dec-04
7-Dec-04
8-Dec-04
9-Dec-04
10-Dec-04
13-Dec-04
14-Dec-04
15-Dec-04
16-Dec-04
17-Dec-04
20-Dec-04
21-Dec-04
22-Dec-04
23-Dec-04
24-Dec-04
27-Dec-04
28-Dec-04
29-Dec-04
30-Dec-04
31-Dec-04
1096.3
1073.45
1050.05
1055.25
1035.5
1052.95
1061.15
1065.35
1063.85
1086.5
1121.7
1129.35
1130.2
1160.5
1211.15
1205.2
1197.55
1214.7
1199.05
1215.15
1221.4
1269.35
1265.45
1258.7
1256.55
1249.4
1257.15
1238.75
1239.1
1241.5
1244.5
1243.3
1230.35
1090
1073
1059
1052
1035
1059
1062
1067
1065
1088
1130
1131.8
1131.05
1170
1212
1204
1196
1228
1200.1
1220.1
1223
1272.4
1274
1261.8
1266.5
1263
1251
1250
1240
1242
1245
1248.8
1237.5
1090
1077
1067.9
1061.8
1055
1063.9
1074.35
1083.4
1092
1140
1136
1134.75
1172.5
1217.5
1221
1223.75
1218.1
1228
1218
1227.95
1274.75
1275
1274
1265
1279.4
1269.05
1266.05
1253
1249.8
1245.4
1260
1250.9
1261.55
Prev
Close
105.1
111.05
109.65
107.25
113.05
111.6
121.65
120.5
119.55
119.15
Open
106.65
112.5
110.95
109.4
115.4
112.45
126
120.8
119.5
121.4
High
111.9
113.4
110.95
115
116.6
124
130.45
122.2
121.5
140
1070
1044.45
1035
1031
1030
1051
1058.5
1055.25
1065
1088
1103.4
1120.05
1122
1170
1190.05
1190
1190
1186.55
1188
1210.3
1223
1258.2
1254
1232.5
1245.2
1251.05
1232.15
1233.15
1235.2
1235
1241
1222
1232.6
1073.45
1050.05
1055.25
1035.5
1052.95
1061.15
1065.35
1063.85
1086.5
1121.7
1129.35
1130.2
1160.5
1211.15
1205.2
1197.55
1214.7
1199.05
1215.15
1221.4
1269.35
1265.45
1258.7
1256.55
1249.4
1257.15
1238.75
1239.1
1241.5
1244.5
1243.3
1230.35
1251.15
Low
Close
111.05
109.65
107.25
113.05
111.6
121.65
120.5
119.55
119.15
122
1073.45
1035.5
1065.35
1052.95
1160.5
1086.5
1214.7
1197.55
1269.35
1215.15
1257.15
1238.75
1251.15
1230.35
1152.4
10
1238.75
112
TISCO
Date
1-Jan-04
2-Jan-04
5-Jan-04
6-Jan-04
7-Jan-04
8-Jan-04
9-Jan-04
12-Jan-04
13-Jan-04
14-Jan-04
122
106
108.55
105.3
108.9
109.3
112.45
119
116.95
115.45
120.35
Weekly
highest
Weekly
lowest
111.05
109.65
121.65
107.25
Monthly
highest
Monthly
lowest
15-Jan-04
16-Jan-04
19-Jan-04
20-Jan-04
21-Jan-04
22-Jan-04
23-Jan-04
27-Jan-04
28-Jan-04
29-Jan-04
30-Jan-04
3-Feb-04
4-Feb-04
5-Feb-04
6-Feb-04
9-Feb-04
10-Feb-04
11-Feb-04
12-Feb-04
13-Feb-04
16-Feb-04
17-Feb-04
18-Feb-04
19-Feb-04
20-Feb-04
23-Feb-04
24-Feb-04
25-Feb-04
26-Feb-04
27-Feb-04
1-Mar-04
3-Mar-04
4-Mar-04
5-Mar-04
8-Mar-04
9-Mar-04
10-Mar-04
11-Mar-04
12-Mar-04
15-Mar-04
16-Mar-04
17-Mar-04
18-Mar-04
19-Mar-04
22-Mar-04
23-Mar-04
24-Mar-04
25-Mar-04
26-Mar-04
29-Mar-04
30-Mar-04
31-Mar-04
1-Apr-04
2-Apr-04
5-Apr-04
122
119.3
114.3
112.45
118.25
123.3
122.15
126.35
147.1
139.6
138.7
134.65
128.25
130.75
128.35
139.8
138.9
138.1
141.6
147.45
153.15
158.5
158.65
156.7
157.3
153
150.15
148.65
147.6
142.45
142.4
162.95
153.95
153.9
153.85
154.6
154.05
156.75
149.45
150.6
151.05
144.7
145.3
141.8
135.55
133.5
138.05
138.8
145.25
146.85
145.95
152.7
155.8
162.35
172.3
127
120
111
119
119.85
124.5
123.5
128.3
145.9
140.9
138.5
135.7
128.5
131.95
130.4
141
139.9
140.4
143
147.75
153
158
160.4
156.95
158.5
154.5
152.8
149.2
149.95
142.5
143.8
164
154.8
153.05
155
153.5
154
154.5
149
152
150
147
146.5
143.5
137.85
134
140
140
146.55
150
147
154
156.7
163.9
174
127
122.7
115.8
125
125.95
130
127
151.3
147
140.9
141.65
137.4
134.45
132.9
141
141.5
144.5
143.4
148.3
154
160.25
160
160.4
160
158.5
157
152.8
150
149.95
146
167.7
164.9
160
156.6
156
156
159.35
155
154
155.25
151.9
150.25
146.5
143.85
137.85
140
141.95
147.4
149.1
151
153.9
156.5
169.4
173.9
177.25
123
113.1
113
108.6
116.25
119.15
119.6
121
128.3
136.05
133.5
133.6
127.15
126.65
127
129
134.1
136.5
138.5
142.3
146.5
153
151.65
155
155.6
150.5
148.85
138.05
146.5
141.1
140.15
143.7
151.35
152
149.5
152
152.25
153.05
147
147.55
149.1
141.4
143.8
140
134
128.35
132.5
137.05
139.55
145
144.2
145.2
149
155
163.15
163.55
119.3
114.3
112.45
118.25
123.3
122.15
126.35
147.1
139.6
138.7
134.65
128.25
130.75
128.35
139.8
138.9
138.1
141.6
147.45
153.15
158.5
158.65
156.7
157.3
153
150.15
148.65
147.6
142.45
142.4
162.95
153.95
153.9
153.85
154.6
154.05
156.75
149.45
150.6
151.05
144.7
145.3
141.8
135.55
133.5
138.05
138.8
145.25
146.85
145.95
152.7
155.8
162.35
172.3
165.1
122
114.3
126.35
112.45
147.1
134.65
139.8
128.25
153.15
138.1
158.65
153
150.15
142.4
162.95
153.85
156.75
149.45
151.05
135.55
146.85
133.5
172.3
145.95
147.1
107.25
158.65
128.25
162.95
133.5
6-Apr-04
7-Apr-04
8-Apr-04
12-Apr-04
13-Apr-04
15-Apr-04
16-Apr-04
17-Apr-04
19-Apr-04
20-Apr-04
21-Apr-04
22-Apr-04
23-Apr-04
27-Apr-04
28-Apr-04
29-Apr-04
30-Apr-04
3-May-04
4-May-04
5-May-04
6-May-04
7-May-04
10-May-04
11-May-04
12-May-04
13-May-04
14-May-04
17-May-04
18-May-04
19-May-04
20-May-04
21-May-04
24-May-04
25-May-04
26-May-04
27-May-04
28-May-04
31-May-04
1-Jun-04
2-Jun-04
3-Jun-04
4-Jun-04
7-Jun-04
8-Jun-04
9-Jun-04
10-Jun-04
11-Jun-04
14-Jun-04
15-Jun-04
16-Jun-04
17-Jun-04
18-Jun-04
21-Jun-04
22-Jun-04
23-Jun-04
165.1
166.2
166.55
167.25
168.85
174.35
168.15
169.1
173.55
169.85
167.4
165.75
167.95
176.95
166.45
167.45
170.75
169.8
167.5
167.35
173.05
174.4
167.6
158
150.85
153.45
159.95
141.4
135.05
146.25
154.8
150.25
147.95
154.45
150.45
155.35
153.65
148.05
138.45
138.45
141.1
137.55
132.7
140.5
146.45
149.45
149.85
142
138.65
137.4
136.1
135.3
135.6
130.75
132.5
166.05
167.95
170
170
169.45
174.65
169.4
169.7
174
170
168
167.25
171
183
166.55
168.4
171.9
178.7
170
169.5
174.9
173.95
171
153
151.1
161.4
161.25
142
138.1
150
158.75
151.8
150
155
155
156
154.1
145.2
140.2
141
143.9
134.5
135.85
143.4
147.8
147.7
149.7
139.9
139.5
139.6
136.4
136.2
136.4
132.7
133.7
173.3
170.3
172
173.4
176.85
178.8
170.95
174.85
174.45
172
170.45
172.25
189
184
172
172.5
174.45
178.7
172.75
174.2
176.85
173.95
171
153.5
156
168.15
162.95
147.9
150
158.35
161.9
151.8
155
155
158.2
156
154.5
145.9
144.5
143.25
144.8
136.85
142
148
150.35
151
149.85
140.8
141.7
139.6
136.9
137.95
136.4
135
133.7
124
164.65
165.7
161.4
168.05
169.45
166.2
167.5
169.25
167.8
166.15
164.8
166.55
169.85
165.05
166
166.9
168.05
162.6
166.2
169.3
174.25
165.85
156
142.75
147.35
140.55
134.5
114
136.2
148.9
148.5
144.2
148.8
148.5
151
152.1
146
136.65
137.65
138.8
134.2
127.5
133.15
141.75
144.5
145.15
141.2
132.35
136.55
135.1
134
135
129.8
131
128.35
166.2
166.55
167.25
168.85
174.35
168.15
169.1
173.55
169.85
167.4
165.75
167.95
176.95
166.45
167.45
170.75
169.8
167.5
167.35
173.05
174.4
167.6
158
150.85
153.45
159.95
141.4
135.05
146.25
154.8
150.25
147.95
154.45
150.45
155.35
153.65
148.05
138.45
138.45
141.1
137.55
132.7
140.5
146.45
149.45
149.85
142
138.65
137.4
136.1
135.3
135.6
130.75
132.5
130.35
167.25
165.1
174.35
168.15
176.95
165.75
170.75
166.45
174.4
167.35
159.95
141.4
154.8
135.05
155.35
148.05
141.1
132.7
149.85
140.5
138.65
135.3
176.95
162.35
174.4
135.05
24-Jun-04
25-Jun-04
28-Jun-04
29-Jun-04
30-Jun-04
1-Jul-04
2-Jul-04
5-Jul-04
6-Jul-04
7-Jul-04
8-Jul-04
9-Jul-04
12-Jul-04
13-Jul-04
14-Jul-04
15-Jul-04
16-Jul-04
19-Jul-04
20-Jul-04
21-Jul-04
22-Jul-04
23-Jul-04
26-Jul-04
27-Jul-04
28-Jul-04
29-Jul-04
30-Jul-04
2-Aug-04
3-Aug-04
4-Aug-04
5-Aug-04
6-Aug-04
9-Aug-04
10-Aug-04
11-Aug-04
12-Aug-04
13-Aug-04
16-Aug-04
17-Aug-04
18-Aug-04
19-Aug-04
20-Aug-04
23-Aug-04
24-Aug-04
25-Aug-04
26-Aug-04
27-Aug-04
30-Aug-04
31-Aug-04
1-Sep-04
2-Sep-04
3-Sep-04
6-Sep-04
7-Sep-04
8-Sep-04
130.35
126.15
133.65
137
137.7
136.55
139.4
143.65
147.65
149.4
145.5
148.65
158.05
154.95
151.95
149.7
150.2
150.05
151.75
155.35
157.6
164.55
152.3
150.75
148.5
149.85
149.45
152.35
151.35
150.05
150.6
150.4
149
152.15
157.5
157.3
158.6
150.7
150.3
151.05
141.4
145.35
142.65
139.6
135.5
136.75
136.65
139.9
136.05
139.9
137.05
136.45
134.4
135.1
133.9
131.8
127.45
134.55
137.9
137.85
138
140
144.7
147.9
150
146
150
154
154
153.9
147
149.9
151.5
151.75
157.3
161
165.55
149
151
149.95
151
151.75
152.1
151.75
150.6
151
152
149.8
153
157.4
157.4
157
150.25
151
151
139.5
144
142
139.9
145
138
137.4
140.5
137
140
137.5
136.5
136
135.65
135.3
131.8
134
138.55
138.5
141.75
139.95
144.95
148.5
150.45
151.5
165.3
159.7
157.4
157.35
168
151.45
151.25
155.75
156.75
160.25
166.5
170.75
154.65
151.5
151.45
151
153.35
153
151.75
153.85
151.7
152
152.7
158.4
159.7
160.8
158
153.65
153.2
151
146.35
145.8
143.9
141.5
145
142.15
140
140.5
140.45
140.3
138.5
137
137.25
136.3
137
125
123.9
125.35
133.05
134.5
135.1
135.4
137.5
143.6
145.4
144.5
142.2
143
133
150.3
148.1
146.6
148.1
148.1
151.2
155
159
143
149
146.5
149.1
145
149.3
148.7
149.1
149.5
147.25
148
149.2
152.6
156.2
157
147.2
148.6
150.15
138.65
135.6
140.4
138.5
134.65
135.15
136
136.85
135.6
136.9
136.35
136
134
134.65
133.2
133.75
126.15
133.65
137
137.7
136.55
139.4
143.65
147.65
149.4
145.5
148.65
158.05
154.95
151.95
149.7
150.2
150.05
151.75
155.35
157.6
164.55
152.3
150.75
148.5
149.85
149.45
152.35
151.35
150.05
150.6
150.4
149
152.15
157.5
157.3
158.6
150.7
150.3
151.05
141.4
145.35
142.65
139.6
135.5
136.75
136.65
139.9
136.05
139.9
137.05
136.45
134.4
135.1
133.9
136.45
133.65
126.15
143.65
136.55
158.05
145.5
154.95
149.7
164.55
151.75
152.35
148.5
151.35
149
158.6
150.7
151.05
141.4
139.9
135.5
139.9
134.4
149.85
126.15
164.55
139.4
158.6
135.5
9-Sep-04
10-Sep-04
13-Sep-04
14-Sep-04
15-Sep-04
16-Sep-04
17-Sep-04
20-Sep-04
21-Sep-04
22-Sep-04
23-Sep-04
24-Sep-04
27-Sep-04
28-Sep-04
29-Sep-04
30-Sep-04
1-Oct-04
4-Oct-04
5-Oct-04
6-Oct-04
7-Oct-04
8-Oct-04
9-Oct-04
11-Oct-04
12-Oct-04
14-Oct-04
15-Oct-04
18-Oct-04
19-Oct-04
20-Oct-04
21-Oct-04
25-Oct-04
26-Oct-04
27-Oct-04
28-Oct-04
29-Oct-04
1-Nov-04
2-Nov-04
3-Nov-04
4-Nov-04
5-Nov-04
8-Nov-04
9-Nov-04
10-Nov-04
11-Nov-04
12-Nov-04
16-Nov-04
17-Nov-04
18-Nov-04
19-Nov-04
22-Nov-04
23-Nov-04
24-Nov-04
25-Nov-04
29-Nov-04
136.45
132.85
138.8
139.85
146.35
143.35
145.5
149.2
148.05
149.75
150.05
147.9
149.6
145.05
141.7
140.55
146.3
143
144.35
148.95
149
154.65
157.3
153.9
156.8
152
148.25
150.75
147.75
151.35
149.55
149.2
150.65
154.85
157.6
160.1
157.15
158.3
158.95
159.8
159.65
155.9
158.8
159.7
163
164.5
164.75
162.75
161.3
161.3
160.6
161.25
164.05
164.8
167.6
137.55
133.5
139.45
140
146.5
146
146
149.8
148
150.5
149.4
143.5
148.6
147
142
141.2
146
144.05
145
149
151
154.15
156
155
157.35
152.5
149.9
151.1
148.9
152
150
149.9
151.95
156
159.25
161.85
158
159
159
161
160
155.6
160
159.5
163.8
165.7
164.95
164.8
162.3
161.9
160.55
164
164
165.5
167.8
137.75
139.7
141.8
146.9
149.5
146.75
150
150.75
150.5
151.7
149.8
150
149.2
147
142
147.5
146.85
146.45
149.5
152.95
157.2
158.4
156.5
159.5
157.5
153.8
152.5
153.8
151.9
153
150.65
153
155.25
158.6
163.9
166.9
159
159.4
160.45
161
160
159.65
160.25
163.6
170.5
166.4
165
164.8
163.5
162.8
162.8
167.95
166.85
168.5
169.75
126
130.85
132.1
136.4
138.25
141.15
142.5
145.6
144.65
147.5
148
147
143.5
143.5
140.1
139.75
140.75
141.8
144
144.5
148
150.55
154.15
152.25
154.5
151.1
147.1
149
147.1
147.8
148.6
148.2
148
151.15
154
153.25
156.05
153.65
157
157.55
157.25
155
155.6
156
158.3
163.25
164.3
160
160
160.35
160
158.65
163.05
162.5
162.45
166.05
132.85
138.8
139.85
146.35
143.35
145.5
149.2
148.05
149.75
150.05
147.9
149.6
145.05
141.7
140.55
146.3
143
144.35
148.95
149
154.65
157.3
153.9
156.8
152
148.25
150.75
147.75
151.35
149.55
149.2
150.65
154.85
157.6
160.1
157.15
158.3
158.95
159.8
159.65
155.9
158.8
159.7
163
164.5
164.75
162.75
161.3
161.3
160.6
161.25
164.05
164.8
167.6
168.6
138.8
132.85
149.2
139.85
150.05
147.9
146.3
140.55
157.3
144.35
156.8
147.75
151.35
147.75
160.1
150.65
159.8
155.9
164.75
158.8
162.75
160.6
167.6
161.25
150.05
132.85
160.1
143
30-Nov-04
1-Dec-04
2-Dec-04
3-Dec-04
6-Dec-04
7-Dec-04
8-Dec-04
9-Dec-04
10-Dec-04
13-Dec-04
14-Dec-04
15-Dec-04
16-Dec-04
17-Dec-04
20-Dec-04
21-Dec-04
22-Dec-04
23-Dec-04
24-Dec-04
27-Dec-04
28-Dec-04
29-Dec-04
30-Dec-04
31-Dec-04
168.6
173.7
183.4
186.55
186
178.85
178.1
188.35
192.7
188.2
191.2
199.8
212.15
213.4
198.55
195.55
199.05
203.35
208.9
208.85
209.75
212.4
213.25
212.95
169.75
174
184
187
183.9
178.9
181.5
188
193
189
193.45
201
214.1
213.7
199.4
196.05
200.85
205
210
207.5
211
212.4
215.5
245
174.5
187
190
187.9
184
180.2
192
197.9
193
193.6
201.9
214
220
213.7
201
200.4
207.4
209.85
213.7
211.1
214.9
215
245
245
169.15
173.55
182.4
184
177.2
175.7
181.5
188
186
187.7
193.15
200.2
202.05
196.05
194.25
196.05
200
204.05
205
204.75
210
207.75
208.9
212.5
173.7
183.4
186.55
186
178.85
178.1
188.35
192.7
188.2
191.2
199.8
212.15
213.4
198.55
195.55
199.05
203.35
208.9
208.85
209.75
212.4
213.25
212.95
216.35
186.55
168.6
192.7
178.1
213.4
191.2
208.9
195.55
216.35
209.75
173.7
155.9
209.75
178.1
Prev
Close
105.1
111.05
109.65
107.25
113.05
111.6
121.65
120.5
119.55
119.15
122
119.3
114.3
112.45
118.25
123.3
122.15
126.35
147.1
Open
106.65
112.5
110.95
109.4
115.4
112.45
126
120.8
119.5
121.4
127
120
111
119
119.85
124.5
123.5
128.3
145.9
High
111.9
113.4
110.95
115
116.6
124
130.45
122.2
121.5
140
127
122.7
115.8
125
125.95
130
127
151.3
147
Low
106
108.55
105.3
108.9
109.3
112.45
119
116.95
115.45
120.35
113.1
113
108.6
116.25
119.15
119.6
121
128.3
136.05
127
Close
111.05
109.65
107.25
113.05
111.6
121.65
120.5
119.55
119.15
122
119.3
114.3
112.45
118.25
123.3
122.15
126.35
147.1
139.6
Weekly
highest
Weekly
lowest
111.05
109.65
121.65
107.25
122
114.3
126.35
112.45
Monthly
highest
Monthly
lowest
29-Jan-04
30-Jan-04
3-Feb-04
4-Feb-04
5-Feb-04
6-Feb-04
9-Feb-04
10-Feb04
11-Feb04
12-Feb04
13-Feb04
16-Feb04
17-Feb04
18-Feb04
19-Feb04
20-Feb04
23-Feb04
24-Feb04
25-Feb04
26-Feb04
27-Feb04
1-Mar-04
3-Mar-04
4-Mar-04
5-Mar-04
8-Mar-04
9-Mar-04
10-Mar04
11-Mar04
12-Mar04
15-Mar04
16-Mar04
17-Mar04
18-Mar04
19-Mar04
22-Mar04
139.6
138.7
134.65
128.25
130.75
128.35
139.8
140.9
138.5
135.7
128.5
131.95
130.4
141
140.9
141.65
137.4
134.45
132.9
141
141.5
133.5
133.6
127.15
126.65
127
129
134.1
138.7
134.65
128.25
130.75
128.35
139.8
138.9
138.9
139.9
144.5
136.5
138.1
138.1
140.4
143.4
138.5
141.6
141.6
143
148.3
142.3
147.45
147.45
147.75
154
146.5
153.15
153.15
153
160.25
153
158.5
158.5
158
160
151.65
158.65
158.65
160.4
160.4
155
156.7
156.7
156.95
160
155.6
157.3
157.3
158.5
158.5
150.5
153
153
154.5
157
148.85
150.15
150.15
152.8
152.8
138.05
148.65
148.65
149.2
150
146.5
147.6
147.6
149.95
149.95
141.1
142.45
142.45
142.4
162.95
153.95
153.9
153.85
154.6
142.5
143.8
164
154.8
153.05
155
153.5
146
167.7
164.9
160
156.6
156
156
140.15
143.7
151.35
152
149.5
152
152.25
142.4
162.95
153.95
153.9
153.85
154.6
154.05
154.05
154
159.35
153.05
156.75
156.75
154.5
155
147
149.45
149.45
149
154
147.55
150.6
150.6
152
155.25
149.1
151.05
151.05
150
151.9
141.4
144.7
144.7
147
150.25
143.8
145.3
145.3
146.5
146.5
140
141.8
141.8
143.5
143.85
134
135.55
135.55
137.85
137.85
128.35
133.5
128
147.1
134.65
139.8
128.25
153.15
138.1
158.65
153
150.15
142.4
162.95
153.85
156.75
149.45
151.05
135.55
147.1
107.25
158.65
128.25
23-Mar04
24-Mar04
25-Mar04
26-Mar04
29-Mar04
30-Mar04
31-Mar04
1-Apr-04
2-Apr-04
5-Apr-04
6-Apr-04
7-Apr-04
8-Apr-04
12-Apr-04
13-Apr-04
15-Apr-04
16-Apr-04
17-Apr-04
19-Apr-04
20-Apr-04
21-Apr-04
22-Apr-04
23-Apr-04
27-Apr-04
28-Apr-04
29-Apr-04
30-Apr-04
3-May-04
4-May-04
5-May-04
6-May-04
7-May-04
10-May04
11-May04
12-May04
13-May04
14-May04
17-May04
18-May04
19-May04
20-May04
133.5
134
140
132.5
138.05
138.05
140
141.95
137.05
138.8
138.8
140
147.4
139.55
145.25
145.25
146.55
149.1
145
146.85
146.85
150
151
144.2
145.95
145.95
147
153.9
145.2
152.7
152.7
155.8
162.35
172.3
165.1
166.2
166.55
167.25
168.85
174.35
168.15
169.1
173.55
169.85
167.4
165.75
167.95
176.95
166.45
167.45
170.75
169.8
167.5
167.35
173.05
174.4
154
156.7
163.9
174
166.05
167.95
170
170
169.45
174.65
169.4
169.7
174
170
168
167.25
171
183
166.55
168.4
171.9
178.7
170
169.5
174.9
173.95
156.5
169.4
173.9
177.25
173.3
170.3
172
173.4
176.85
178.8
170.95
174.85
174.45
172
170.45
172.25
189
184
172
172.5
174.45
178.7
172.75
174.2
176.85
173.95
149
155
163.15
163.55
164.65
165.7
161.4
168.05
169.45
166.2
167.5
169.25
167.8
166.15
164.8
166.55
169.85
165.05
166
166.9
168.05
162.6
166.2
169.3
174.25
165.85
155.8
162.35
172.3
165.1
166.2
166.55
167.25
168.85
174.35
168.15
169.1
173.55
169.85
167.4
165.75
167.95
176.95
166.45
167.45
170.75
169.8
167.5
167.35
173.05
174.4
167.6
167.6
171
171
156
158
158
153
153.5
142.75
150.85
150.85
151.1
156
147.35
153.45
153.45
161.4
168.15
140.55
159.95
159.95
161.25
162.95
134.5
141.4
141.4
142
147.9
114
135.05
135.05
138.1
150
136.2
146.25
146.25
150
158.35
148.9
154.8
154.8
158.75
161.9
148.5
150.25
129
146.85
133.5
172.3
145.95
167.25
165.1
174.35
168.15
176.95
165.75
170.75
166.45
174.4
167.35
159.95
141.4
162.95
133.5
176.95
162.35
21-May04
24-May04
25-May04
26-May04
27-May04
28-May04
31-May04
1-Jun-04
2-Jun-04
3-Jun-04
4-Jun-04
7-Jun-04
8-Jun-04
9-Jun-04
10-Jun-04
11-Jun-04
14-Jun-04
15-Jun-04
16-Jun-04
17-Jun-04
18-Jun-04
21-Jun-04
22-Jun-04
23-Jun-04
24-Jun-04
25-Jun-04
28-Jun-04
29-Jun-04
30-Jun-04
1-Jul-04
2-Jul-04
5-Jul-04
6-Jul-04
7-Jul-04
8-Jul-04
9-Jul-04
12-Jul-04
13-Jul-04
14-Jul-04
15-Jul-04
16-Jul-04
19-Jul-04
20-Jul-04
21-Jul-04
22-Jul-04
23-Jul-04
26-Jul-04
27-Jul-04
28-Jul-04
150.25
151.8
151.8
144.2
147.95
147.95
150
155
148.8
154.45
154.45
155
155
148.5
150.45
150.45
155
158.2
151
155.35
155.35
156
156
152.1
153.65
153.65
154.1
154.5
146
148.05
148.05
138.45
138.45
141.1
137.55
132.7
140.5
146.45
149.45
149.85
142
138.65
137.4
136.1
135.3
135.6
130.75
132.5
130.35
126.15
133.65
137
137.7
136.55
139.4
143.65
147.65
149.4
145.5
148.65
158.05
154.95
151.95
149.7
150.2
150.05
151.75
155.35
157.6
164.55
152.3
150.75
148.5
145.2
140.2
141
143.9
134.5
135.85
143.4
147.8
147.7
149.7
139.9
139.5
139.6
136.4
136.2
136.4
132.7
133.7
131.8
127.45
134.55
137.9
137.85
138
140
144.7
147.9
150
146
150
154
154
153.9
147
149.9
151.5
151.75
157.3
161
165.55
149
151
149.95
145.9
144.5
143.25
144.8
136.85
142
148
150.35
151
149.85
140.8
141.7
139.6
136.9
137.95
136.4
135
133.7
131.8
134
138.55
138.5
141.75
139.95
144.95
148.5
150.45
151.5
165.3
159.7
157.4
157.35
168
151.45
151.25
155.75
156.75
160.25
166.5
170.75
154.65
151.5
151.45
136.65
137.65
138.8
134.2
127.5
133.15
141.75
144.5
145.15
141.2
132.35
136.55
135.1
134
135
129.8
131
128.35
123.9
125.35
133.05
134.5
135.1
135.4
137.5
143.6
145.4
144.5
142.2
143
133
150.3
148.1
146.6
148.1
148.1
151.2
155
159
143
149
146.5
149.1
138.45
138.45
141.1
137.55
132.7
140.5
146.45
149.45
149.85
142
138.65
137.4
136.1
135.3
135.6
130.75
132.5
130.35
126.15
133.65
137
137.7
136.55
139.4
143.65
147.65
149.4
145.5
148.65
158.05
154.95
151.95
149.7
150.2
150.05
151.75
155.35
157.6
164.55
152.3
150.75
148.5
149.85
130
154.8
135.05
155.35
148.05
141.1
132.7
149.85
140.5
138.65
135.3
133.65
126.15
143.65
136.55
158.05
145.5
154.95
149.7
164.55
151.75
174.4
135.05
149.85
126.15
29-Jul-04
30-Jul-04
2-Aug-04
3-Aug-04
4-Aug-04
5-Aug-04
6-Aug-04
9-Aug-04
10-Aug04
11-Aug04
12-Aug04
13-Aug04
16-Aug04
17-Aug04
18-Aug04
19-Aug04
20-Aug04
23-Aug04
24-Aug04
25-Aug04
26-Aug04
27-Aug04
30-Aug04
31-Aug04
1-Sep-04
2-Sep-04
3-Sep-04
6-Sep-04
7-Sep-04
8-Sep-04
9-Sep-04
10-Sep04
13-Sep04
14-Sep04
15-Sep04
16-Sep04
17-Sep-
149.85
149.45
152.35
151.35
150.05
150.6
150.4
149
151
151.75
152.1
151.75
150.6
151
152
149.8
151
153.35
153
151.75
153.85
151.7
152
152.7
145
149.3
148.7
149.1
149.5
147.25
148
149.2
149.45
152.35
151.35
150.05
150.6
150.4
149
152.15
152.15
153
158.4
152.6
157.5
157.5
157.4
159.7
156.2
157.3
157.3
157.4
160.8
157
158.6
158.6
157
158
147.2
150.7
150.7
150.25
153.65
148.6
150.3
150.3
151
153.2
150.15
151.05
151.05
151
151
138.65
141.4
141.4
139.5
146.35
135.6
145.35
145.35
144
145.8
140.4
142.65
142.65
142
143.9
138.5
139.6
139.6
139.9
141.5
134.65
135.5
135.5
145
145
135.15
136.75
136.75
138
142.15
136
136.65
136.65
137.4
140
136.85
139.9
139.9
140.5
140.5
135.6
136.05
136.05
139.9
137.05
136.45
134.4
135.1
133.9
136.45
137
140
137.5
136.5
136
135.65
135.3
137.55
140.45
140.3
138.5
137
137.25
136.3
137
137.75
136.9
136.35
136
134
134.65
133.2
133.75
130.85
139.9
137.05
136.45
134.4
135.1
133.9
136.45
132.85
132.85
133.5
139.7
132.1
138.8
138.8
139.45
141.8
136.4
139.85
139.85
140
146.9
138.25
146.35
146.35
146.5
149.5
141.15
143.35
143.35
145.5
146
146
146.75
150
142.5
145.6
145.5
149.2
131
152.35
148.5
151.35
149
158.6
150.7
151.05
141.4
139.9
135.5
139.9
134.4
138.8
132.85
149.2
139.85
164.55
139.4
158.6
135.5
04
20-Sep04
21-Sep04
22-Sep04
23-Sep04
24-Sep04
27-Sep04
28-Sep04
29-Sep04
30-Sep04
1-Oct-04
4-Oct-04
5-Oct-04
6-Oct-04
7-Oct-04
8-Oct-04
9-Oct-04
11-Oct-04
12-Oct-04
14-Oct-04
15-Oct-04
18-Oct-04
19-Oct-04
20-Oct-04
21-Oct-04
25-Oct-04
26-Oct-04
27-Oct-04
28-Oct-04
29-Oct-04
1-Nov-04
2-Nov-04
3-Nov-04
4-Nov-04
5-Nov-04
8-Nov-04
9-Nov-04
10-Nov04
11-Nov04
12-Nov04
16-Nov04
17-Nov04
18-Nov-
149.2
149.8
150.75
144.65
148.05
148.05
148
150.5
147.5
149.75
149.75
150.5
151.7
148
150.05
150.05
149.4
149.8
147
147.9
147.9
143.5
150
143.5
149.6
149.6
148.6
149.2
143.5
145.05
145.05
147
147
140.1
141.7
141.7
142
142
139.75
140.55
140.55
146.3
143
144.35
148.95
149
154.65
157.3
153.9
156.8
152
148.25
150.75
147.75
151.35
149.55
149.2
150.65
154.85
157.6
160.1
157.15
158.3
158.95
159.8
159.65
155.9
158.8
141.2
146
144.05
145
149
151
154.15
156
155
157.35
152.5
149.9
151.1
148.9
152
150
149.9
151.95
156
159.25
161.85
158
159
159
161
160
155.6
160
147.5
146.85
146.45
149.5
152.95
157.2
158.4
156.5
159.5
157.5
153.8
152.5
153.8
151.9
153
150.65
153
155.25
158.6
163.9
166.9
159
159.4
160.45
161
160
159.65
160.25
140.75
141.8
144
144.5
148
150.55
154.15
152.25
154.5
151.1
147.1
149
147.1
147.8
148.6
148.2
148
151.15
154
153.25
156.05
153.65
157
157.55
157.25
155
155.6
156
146.3
143
144.35
148.95
149
154.65
157.3
153.9
156.8
152
148.25
150.75
147.75
151.35
149.55
149.2
150.65
154.85
157.6
160.1
157.15
158.3
158.95
159.8
159.65
155.9
158.8
159.7
159.7
159.5
163.6
158.3
163
163
163.8
170.5
163.25
164.5
164.5
165.7
166.4
164.3
164.75
164.75
164.95
165
160
162.75
162.75
161.3
164.8
162.3
164.8
163.5
160
160.35
161.3
161.3
132
150.05
147.9
146.3
140.55
157.3
144.35
156.8
147.75
151.35
147.75
160.1
150.65
159.8
155.9
164.75
158.8
150.05
132.85
160.1
143
04
19-Nov04
22-Nov04
23-Nov04
24-Nov04
25-Nov04
29-Nov04
30-Nov04
1-Dec-04
2-Dec-04
3-Dec-04
6-Dec-04
7-Dec-04
8-Dec-04
9-Dec-04
10-Dec04
13-Dec04
14-Dec04
15-Dec04
16-Dec04
17-Dec04
20-Dec04
21-Dec04
22-Dec04
23-Dec04
24-Dec04
27-Dec04
28-Dec04
29-Dec04
30-Dec04
31-Dec04
161.3
161.9
162.8
160
160.6
160.6
160.55
162.8
158.65
161.25
161.25
164
167.95
163.05
164.05
164.05
164
166.85
162.5
164.8
164.8
165.5
168.5
162.45
167.6
167.6
167.8
169.75
166.05
168.6
168.6
173.7
183.4
186.55
186
178.85
178.1
188.35
169.75
174
184
187
183.9
178.9
181.5
188
174.5
187
190
187.9
184
180.2
192
197.9
169.15
173.55
182.4
184
177.2
175.7
181.5
188
173.7
183.4
186.55
186
178.85
178.1
188.35
192.7
192.7
193
193
186
188.2
188.2
189
193.6
187.7
191.2
191.2
193.45
201.9
193.15
199.8
199.8
201
214
200.2
212.15
212.15
214.1
220
202.05
213.4
213.4
213.7
213.7
196.05
198.55
198.55
199.4
201
194.25
195.55
195.55
196.05
200.4
196.05
199.05
199.05
200.85
207.4
200
203.35
203.35
205
209.85
204.05
208.9
208.9
210
213.7
205
208.85
208.85
207.5
211.1
204.75
209.75
209.75
211
214.9
210
212.4
212.4
212.4
215
207.75
213.25
213.25
215.5
245
208.9
212.95
212.95
245
245
212.5
216.35
133
162.75
160.6
167.6
161.25
186.55
168.6
192.7
178.1
213.4
191.2
208.9
195.55
216.35
209.75
173.7
155.9
209.75
178.1
RANBAXY
LABORATORIES LIMITED
Unaudited Financial Results (Provisional)
for three months ended 31st December, 2003
Rs. Millions
Three months ended
Particulars
31/12/2003 31/12/2002
31/12/2003 31/12/2002
%
%
Change
Audited Change
Sales
7,886
8,088
(2.5)
36,206
28,894
25.3
- Domestic
2,854
2,617
9.1
11,327
10,391
9.0
- Exports
5,032
5,471
(8.0)
24,879
18,503
34.5
427
324
1,308
1,208
Less : Trade
Discounts
134
Net Sales
Other Operating
Income
Total Expenditure
(Increase)/Decrease
in stock in trade
Consumption of
Material
7,459
7,764
950
6,363
(574)
(3.9)
34,898
27,686
621
3,379
1,934
5,773
26,085
21,396
32
(274)
(950)
4,225
3,176
15,769
13,010
581
489
2,279
1,949
Other Expenses
2,131
2,076
8,311
7,387
Balance
2,046
2,612
12,192
8,224
R & D Expenditure
637
471
2,364
1,686
Operating Profit
before Interest,
Depreciation &
Amortisation
1,409
2,141
9,828
6,538
36
31
75
208
Depreciation
154
145
602
484
Amortisation
17
93
126
110
1,202
1,872
9,025
5,736
Staff Cost
Interest
Balance
Technology
Licensing Income
(21.7)
(34.2)
(35.8)
322
Operating Profit
before Tax
1,202
2,194
10
1,212
2,203
176
(45.2)
26.0
48.2
50.3
57.3
629
9,201
6,365
69
59
9,270
6,424
44.6
Other Income
Profit before
Extra-ordinary
items
(45.0)
44.3
Extra-ordinary
items
Settlement
Compensation
Income
- on closure of a
contract
- for dispute of
patent
Profit on sale of
equity shares of
Specialty Ranbaxy
Ltd.
Profit before Tax
100
49
300
232
(41.7)
78
7,134
90
1,519
770
60
35
214
128
1,020
2,127
7,837
6,236
Paid - up Equity
Share Capital (Face
value of Rs. 10
each)
1,855
1,855
1,855
1,855
Deferred Tax
2,252
146
9,570
Tax
1,312
486
(52.0)
Reserves excluding
revaluation reserves
(as per balance
sheet of previous
16,861
135
34.1
25.7
accounting year)
Earnings Per Share
(Rs.)
Before prior period
and extra-ordinary
items
- Basic
5.06
- Diluted
5.02
5.50
- Diluted
5.46
11.21
11.19
11.47
11.45
40.87
32.98
40.71
32.93
42.24
28.99
42.08
28.94
126,076,789 126,007,332
- Percentage of
shareholding
67.95%
126,076,789 126,007,332
67.94%
67.95%
67.94%
Table 2 Follows....
Segment wise Revenue,Results and Capital Employed
Rs. Million
Twelve Months
Three Months Twelve Months Three Months
ended
ended
ended
ended
31/12/2002
31/12/2003
31/12/2003 31/12/2002
Audited
Segment Revenue
Pharmaceutical
Others
Total
Less: Inter-segment revenue
Income from Operations
8,158
37,459
8,175
28,829
266
901
222
838
8,424
38,360
8,397
29,667
15
83
12
47
8,409
38,277
8,385
29,620
1,820
11,325
2,357
7,587
55
139
17
43
1,875
11,464
2,374
7,630
637
2,364
471
1,686
176
322
629
26
22
149
1,212
9,270
2,203
6,424
100
300
49
710
1,312
9,570
2,252
7,134
16,502
16,502
16,025
16,025
8,338
8,338
3,762
3,762
24,840
24,840
19,787
19,787
Capital Employed
Pharmaceutical
Others
Total
136
Table 3 Follows....
RANBAXY
LABORATORIES LIMITED
Consolidated Unaudited Financial Results
for three months ended 31st December, 2003 (Indian GAAP)
Rs. Million
Three Months ended
Particulars
%
31/12/2002
%
31/12/2003 31/12/2002
31/12/2003
Change
Audited Change
Net sales
11,444
10,589 8.1
45,165
37,138 21.6
840
451
3,144
1,460
2,388
2,836
12,281
8,868
328
2,716
(297)
(1,126)
2,539 7.0
11,155
(876)
7,992 39.6
Interest
101
99
336
387
Depreciation
205
293
1,108
661
Amortisation
83
155
302
290
Balance
2,327
2,327
1,992 16.8
Extraordinary Items
2,467
9,585
31
244
2,345 0.9
100
176
2,314 0.6
40
2,367
9,409
322
9,829
49
352
2,394 3.0
10,181
6,654 41.4
640
7,294 31.4
86
7,380 33.2
954
8,334 22.2
Tax
605
413
2,515
1,759
Deferred Tax
101
31
243
97
1,761
Minority Interests
1,950 (9.7)
1,758
7,423
33
30
1,917 (8.3)
7,393
6,478 14.6
8
6,470 14.3
Quarter Corresponding
Nine
Corresponding Previous
ended on quarter ended
Months
Nine Months
Financial
31.12.2004 on 31.12.2003 ended on
ended on
Year ended
in the
31.12.2004 31.12.2003 in
on
Previous Year
the Previous 31.03.2004
(Unaudited)
Year
(Unaudited)
(1)
(2)
137
(3)
(4)
(5)
(A)
1
Steel
Production
Steel Sales
Export
turnover
(F.O.B Value)
Tonnes
"
1,028,539
1,039,987
3,093,926
3,044,091
4,079,739
997,592
983,167
2,903,036
2,908,199
3,961,093
Rs.
Crores
502.69
358.53
1,522.95
1,057.04
1,496.56
US $
Mill.
112.51
78.85
335.36
230.10
327.72
4,090.46
2,967.00
11,603.74
8,430.91
11,920.96
(B)
1
Sales/Income
Rs.
from
Crores
Operations
Less: Excise
Duty
"
359.17
334.97
969.44
928.79
1,218.57
Net
Sales/Income
from
Operations
"
3,731.29
2,632.03
10,634.30
7,502.12
10,702.39
a)
(Increase)
/decrease in
stock in trade
"
(132.85)
(43.46)
(419.75)
(125.79)
(64.46)
b) Purchases
of finished,
semi-finished
steel and
other products
"
392.39
202.91
962.30
538.37
767.13
c) Raw
materials
consumed
"
486.68
364.21
1,334.59
1,054.55
1,462.44
d) Staff Cost
"
307.58
315.37
972.71
1,032.19
1,349.59
e) Purchase of
Power
"
175.20
163.98
531.72
509.50
667.53
f) Freight and
handling
"
240.03
188.35
676.67
560.07
748.44
g) Other
Expenditure
"
690.71
560.22
1,973.63
1,621.26
2,276.31
h) Total
Expenditure
(2a to 2g)
"
2,159.74
1,751.58
6,031.87
5,190.15
7,206.98
Total
Expenditure
Operating
Profit
"
1,571.55
880.45
4,602.43
2,311.97
3,495.41
Other Income
"
33.80
26.24
118.29
100.67
140.51
Interest (net)
"
80.93
59.71
177.36
193.19
122.17
Depreciation
"
149.51
147.85
466.55
439.47
625.11
Profit before
Tax and
Exceptional
Items (3+45-6)
"
1,374.91
699.13
4,076.81
1,779.98
2,888.64
Exceptional
138
Items
a) Employee
Separation
Compensation
"
(30.81)
b) Profit on
sale of long
term
investments
"
28.58
c) Total of
Exceptional
items (8a +
8b)
"
Profit before
Tax (7-8c)
(19.91)
(80.86)
(92.63)
(230.83)
8.3
3
28.58
8.39
8.15
(2.23)
(11.58)
(52.28)
(84.24)
(222.68)
"
1,372.68
687.55
4,024.53
1,695.74
2,665.96
10 Provision for
Current
Taxation
"
484.00
193.22
1,440.00
581.85
920.00
11 Provision for
Deferred
Taxation
"
(1.83)
47.16
18.95
(3.45)
(0.26)
12 Net Profit
(+) / Loss
(-) (9-1011)
"
890.51
447.17
2,565.58
1,117.34
1,746.22
13 Paid-up Equity
Share Capital
(Face Value :
Rs 10 per
Share)
"
553.67
369.18
553.67
369.18
369.18
14 Reserves
excluding
revaluation
reserves
"
15 Basic and
Diluted
Earnings per
Share (not
annualised)
(after
Exceptional
items)
Rupees
4,146.68
16.09
8.08
46.35
20.19
31.55
16 Aggregate of
Non-promoter
Shareholding
Number of
shares
% of
shareholding
Nos.
%
406,501,361
73.45%
271,966,962 406,501,361
73.71%
NOTES:
1. Segment Revenue, Results and Capital Employed
139
73.45%
271,966,962 271,966,962
73.71%
73.71%
(Rs. Crores)
Particulars
Quarter
Corresponding
Nine
Corresponding
Previous
ended on Quarter ended
months
Nine months
Financial
31.12.2004 on 31.12.2003 ended on
ended on
Year ended
in the Previous 31.12.2004 31.12.2003 in
on
Year
the Previous
31.03.2004
(Unaudited)
Year
(Unaudited)
Revenue by
Business Segment
Steel business
3311.47
2426.42
9536.71
6895.59
9875.81
393.90
168.80
1087.48
499.40
730.17
Others
230.29
177.76
620.63
490.62
692.99
3935.66
2772.98
11244.82
7885.61
11298.97
204.37
140.95
610.52
383.49
596.58
3731.29
2632.03
10634.30
7502.12
10702.39
1223.75
702.46
3622.80
1814.25
2775.83
207.28
39.27
536.24
117.43
170.38
10.31
6.28
29.96
9.06
24.35
1441.34
748.01
4189.00
1940.74
2970.56
80.93
59.71
177.36
193.19
122.17
Other unallocable
(income)/expenditure
(14.50)
(10.83)
(65.17)
(32.43)
(40.25)
1374.91
699.13
4076.81
1779.98
2888.64
Employee Separation
Compensation
(30.81)
(19.91)
(80.86)
(92.63)
(230.83)
28.58
8.33
28.58
8.39
8.15
1372.68
687.55
4024.53
1695.74
2665.96
Less: Taxes
482.17
240.38
1458.95
578.40
919.74
890.51
447.17
2565.58
1117.34
1746.22
8892.28
7805.18
8892.28
7805.18
8047.98
213.17
158.76
213.17
158.76
154.65
Others
163.55
175.84
163.55
175.84
135.21
Total
Less: Inter segment
revenue
Net sales/ income
from operations
Segment results
before Interest,
Exceptional items
and Tax
Steel business
Ferro Alloys and
Minerals
Others
Total
Less:
Interest
Exceptional items :
Segment Capital
Employed
Steel business
140
Total
9269.00
8139.78
141
9269.00
8139.78
8337.84
142
143