Security Analysis

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

The objective of this course is -
• To acquaint the students with the techniques of security analysis necessary while making an investment.
• To make student learn about various methods of security valuation.

9.00
Unit I: 
Security Analysis

Security Analysis
• Concept, Usefulness,
• Computation of Stock Indices,
• Segments.
• Major stock indices of India & world

9.00
Unit II: 
Types of Securities

Types of Securities

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

9.00
Unit III: 
Valuation of Securities

• Valuation of equity,
• Valuation of Debts and Bonds

9.00
Unit IV: 
Fundamental Analysis

• Meaning,
• Need of Fundamental Analysis,
• Top Down Valuation (EIC Analysis)

9.00
Unit V: 
Technical Analysis

• 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

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.
• 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.
• Punithavathy Pandian, Security analysis & Portfolio Management, , Vikash Publication House.

Academic Year: