ISECURITY ANALYSIS

Paper Code:

SBFS201

Credits:

Contact Hours:

60.00

Max. Marks:

100.00

Objective:

The course will enable the students to equip students with essential skills in valuation, fundamental and technical analysis for informed investment decisions, and effective security analysis

Course Outcomes:

Course

Learning outcome (at course level)

Learning and Teaching Strategies

Assessment Strategies

Course Code

Course Title

SBFS201

Security Analysis

(Theory)

Investigate various methods used to calculate stock market indices and explore details about world’s stock exchanges and their indices.

Examine and evaluate different investment alternatives in the market and their peculiar features.
Apply different valuation models to evaluate fixed income securities, stocks, and employ them to manage their investment risks.
Identify, analyze and draw reasoned conclusions in selecting and presenting information on securities based on Fundamental analysis.
Analyze and look at daily stock price movement by studying charts and patterns and make investment decisions thereafter
Contribute effectively in course-specific interaction

Approach in teaching: Blended Learning, Collaborative approach, Interactive Lectures, Discussion, Group Projects, PowerPoint presentation.

Learning activities for the students:

Self-learning assignments, Seminar presentations, Case Study Analysis, Brainstorming activities

Class tests, CA Test,

Semester end examinations, Quiz,

Evaluation of student Presentations,

Evaluation of Individual and group projects,

Assessment of Project Reports and viva voce.

12.00

Security Analysis (12 Hours)
 Concept, Usefulness,
• Computation of Stock Indices,
• Segments.
• Major stock indices of India & world
• Participants in the Securities Market

12.00

Types of Securities (12 Hours)
Types-Debt and Equity, Shares and their characteristics – Various forms of equity capital, Hybrid Securities (Income cum Growth), Bonds
• Do's and Don'ts for investors

12.00

Valuation of Securities (12 Hours)
• Valuation of equity,
• Valuation of Debts and Bonds
• Time Value of Money: simple interest, compounding and discounting: Computation of Future value and Present value ( single cash flow and annuity)

12.00

Fundamental Analysis: (12 Hours)
• Meaning,
• Need of Fundamental Analysis,
• Top Down Analysis (EIC Analysis)
• Understanding annual report: Parts of annual report, Reading an annual report, Director’s report

12.00

Unit V:

Technical Analysis (12 Hours)
• Basic Assumption,
• Strengths & Weaknesses of Technical Analysis,
• Candle Charts( one candle, two candles and Three candle charts),
• Pattern- Support and Resistance lines and its importance;
• Head and Shoulders, ;Double top and double bottom;
• Major indicators & oscillators.
• Dow Theory and Elliot Wave Theory
• Efficient Market Hypothesis
• Market Anomalies

Essential Readings:

1. Agarwal M.R. , Security Analysis and Portfolio Management -Garima Publications.
2. Donald E. Fisher & Ronald J. Jordan, Security Analysis and Portfolio Management, Prentice Hall of India, 2003.
3. Bhalla V.K., Investment Management, 7th Edition, S. Chand & Co., New Delhi, 2000.
4. Gordon J. Alexander, William F. Sharpe & Jeffery V. Bailey, Fundamentals of Investments, Prentice Hall, India, 2003 edition.
5. Preetam Singh, Investment Management, 9th edition, Himalaya Publishing House, New Delhi 2000.
6. NCFM Module

References:

SUGGESTED READINGS :
 Agarwal M.R,. Security analysis and portfolio management , Garima Publications
 Bhole L.M., Financial Institutions and Markets structure, growth and Innovation, Tata Mc Graw Hill, New Delhi.
 National Stock Exchange of India Limited, Capital Market Core Module.

E- RESOURCES:
 https://www.bseindia.com/static/about/BSE_Ebooks.aspx
 https://www.bseindia.com/
 https://www.nseindia.com/
 https://www.sebi.gov.in/

JOURNALS:
 Journal of Financial Markets :
https://www.sciencedirect.com/journal/journal-of-financial-markets
 Indian journal of research in Capital markets : http://indianjournalofcapitalmarkets.com/

Academic Year:

2023-2024