SECURITY ANALYSIS

Paper Code: 
SBFS 402
Credits: 
4
Contact Hours: 
60.00
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

  1. Investigating various methods used to calculate stock market  indices and explore details about world’s stock exchanges and their indices.
  2.  Examine and evaluate different investment alternatives in the market and their peculiar features.
  3.  Apply different valuation models to evaluate fixed income securities, stocks, and employ them to manage their investment risks.
  4.  Identify, analyze and draw reasoned conclusions in selecting and presenting information on securities based on Fundamental analysis.
  5.  Analyze and look at daily stock price movement by studying charts and patterns and make investment decisions thereafter.

Approach in teaching: Interactive Lectures, Discussion, Tutorials, Practical cases Demonstration, Power point presentation.    

 Learning activities for the students:                              Self learning assignments, Effective questions, Seminar presentation, Live practical problems analysis

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

  

 

12.00
Unit I: 
Security Analysis

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

12.00
Unit II: 
Types of Securities

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

12.00
Unit III: 
Valuation of Securities

• Valuation of equity,
• Valuation of Debts and Bonds

12.00
Unit IV: 
Fundamental Analysis

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

12.00
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: 

• Agarwal M.R. , Security Analysis and Portfolio Management -Garima Publications.
• Donald E. Fisher & Ronald J. Jordan, Security Analysis and Portfolio Management, Prentice Hall of India, 2003.
• Bhalla V.K., 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.
• NCFM Module

References: 

SUGGESTED READINGS
• 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: 
2023-2024
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