Security Analysis

Paper Code: 
FMG 416
Credits: 
3
Contact Hours: 
45.00
Max. Marks: 
100.00
Objective: 

Objective
To acquaint students with concept and functions of security market.

10.00
Unit I: 
UNIT I

Introduction of Securities- Security Analysis – concept, usefulness, computation of stock indicies, segments.
Major stock indicies of india & world

10.00
Unit II: 
UNIT II

Types of Securities-
Types-Debt and Equity, Shares and their characteristics – Various forms of equity capital, Hybrid Securities ( Income cum Growth)

10.00
Unit III: 
UNIT III

Valuation of Securities -
Equity valuation – CAPM, Arbitrage Pricing Theory & Markowitz theory ( CML & SML)

8.00
Unit IV: 
UNIT IV

Fundamental Analysis:- Economic, industry and company analysis

7.00
Unit V: 
UNIT V

Technical Analysis – ‘DOW theory’, Charts, Patterns – Technical indicators.

Essential Readings: 

• Donald E. Fisher & Ronald J. Jordan, Security Analysis and Portfolio Management, Prentice Hall of India, 2003.
• V.K.Bhalla, Investment Management, 7th Edition, S. Chand & Co., New Delhi, 2000.
• Gordon J. Alexander, William F. Sharpe & Jeffery V. Bailey, Fundamentals of Investments, Prentice Hall, India, 2003 edition.

References: 

Preetam Singh, Investment Management, 9th edition, Himalaya Publishing House, New Delhi 2000.
• Levi D, Maurice, International Finance, Routledge.
• Krugman, Paul R., Obstfeld, Maurice and Melitz, Marc, International Economics, Pearson Education.
• Madura, Jeff, International Corporate Finance, South-Western/Cengage learning.
• Eun, Cheol S. and Resnick, Bruce G., International Financial Management, Tata McGraw- Hill.
• Security analysis & Portfolio Management, Pandian, Vikash Publication house

Academic Year: 
2017-2018
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