SECURITY ANALYSIS

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

Learning outcome

 (at course level)

Learning and teaching strategies

Assessment Strategies

On completion of this course, the students will be able to

CO150 Understand and apply the methodology used to calculate various stock indices and explore details about world’s stock exchanges and their indices.

CO151 Examine and evaluate different investment alternatives in the market and their peculiar features.

CO152 Know how to apply different valuation models to evaluate fixed income securities, stocks, and how to use them to manage their investment risks.

CO153 Able to identify, analyze and draw reasoned conclusions in selecting and presenting information on securities based on Fundamental analysis.

CO154 Analyze and look at daily stock price movement by studying charts and patterns and make investment decisions thereafter.

 

Class lectures

Seminars

Tutorials

Group discussions and Workshops

Question preparation

 

 

Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects

 

9.00
Unit I: 
Security Analysis

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

9.00
Unit II: 
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 Analysis (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: 

• 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

References: 

• 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.

E RESOURCES

• https://in.investing.com/charts/stocks-charts
• https://www.nseindia.com/
• https://www.moneycontrol.com/
• https://stockcharts.com/
• Swayam Nptel portal,https://swayam.gov.in/explorer?searchText=financial+markets
• National Digital Library

JOURNALS

• The Journal of Finance, https://onlinelibrary.wiley.com/journal/15406261
• International Journal of Finance and Economics, https://onlinelibrary.wiley.com/journal/10991158
• Directory OF Open Access Journals (OA)
• Finance India, https://financeindia.org/

Academic Year: 
2022-2023
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