Security Analysis

Paper Code: 
FMG 416
Credits: 
3
Contact Hours: 
45.00
Objective: 

To acquaint students with concept and functions of security analysis

10.00
Unit I: 

Introduction of Securities- Security Analysis – concept, usefulness, computation of stock indicies, segments.

Major stock indicies of india & world

10.00
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: 

Valuation of Securities -

 Equity valuation – CAPM, Arbitrage Pricing Theory & Markowitz theory ( CML & SML)

8.00
Unit IV: 

Fundamental Analysis:- Economic, industry and company analysis

7.00
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: 

1. Preetam Singh, Investment Management, 9th edition, Himalaya Publishing House, New Delhi 2000. 2. Prasanna Chandra, Managing Investments, Tata McGraw Hill, 2002 edition. 3. Securities Markets and Products, Indian institute of Bankers and Finance, Taxman

Academic Year: 
2018-2019
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