Summer Internship Report PDF

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this is a equity research analysis which was done by me. if it is suitable as your requirement, then congrats it free to use. All the best guys. Rock on. Peace out w...

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SUMMER INTERNSHIP REPORT

A REPORT ON “DOING EQUITY RESEARCH ON DIFFERENT COMPANIES OF VARIOUS INDUSTRIES TO FIND WHICH IS BEST APPROACHABLE AND RECOMMENDABLE TO BUY, SELL OR HOLD STOCKS” BY: Funshuk wangdu 123582796

SRUSTI ACADEMY OF MANAGEMENT BHUBANESWAR

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SUMMER INTERNSHIP REPORT A REPORT ON “DOING EQUITY RESEARCH ON DIFFERENT COMPANIES OF VARIOUS INDUSTRIES TO FIND WHICH IS BEST APPROACHABLE AND RECOMMENDABLE TO BUY, SELL OR HOLD STOCKS” BY: Funshuk wangdu 123582796

SRUSTI ACADEMY OF MANAGEMENT BHUBANESWAR

A Report submitted in partial fulfilment of the requirements of MBA Program of Srusti Academy of Management, Bhubaneswar. COMPANY NAME: TALENT CORNER HR SERVICES PVT.LTD. DATE OF SUBMISSION: JUNE 15, 2020

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DECLARATION I Mr. Funshuk wangdu bearing Registration Number number 123582796 do hereby declare that this project report titled “Equity Research on different companies of various industries to find which is best approachable and recommendable to buy, sell or hold stocks” has been prepared on the basis of my learning through Summer Internship Programme at Talent Corner H.R. Services PVT. LTD. from May, 01, 2020 to June, 15, 2020 under the joint supervision of Mr. Bankim Doshi and Prof. Parshuram Mishra. The finding of the study is original, and the study materials used have been duly recognised in the body of the report. This report has not been submitted to any institute/ University for the award of any degree or diploma in full or part.

Funshuk wangdu Signature of the Student

ACKNOWLEDGEMENT

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It gives me immense pleasure to present this project report on ― “Doing equity research on different companies of various industries to find which is best approachable and recommendable to buy, sell or hold stocks” carried out at TALENT CORNER HR SERVICES PVT. LTD. In partial fulfilment of the M.B.A. Program at Srusti Academy of Management, Bhubaneswar. No work can be carried out without the help and guidance of various people. I am happy to take this opportunity to express gratitude to those who have been helpful to me in completing this project report. At the outset I would like to thank my company guide Mr. Bankim Doshi, Chief Executive Officer (CEO), Mumbai who allowed me to undertake the project and helped me at every point throughout the tenure of the project. Mr. Bankim Doshi has played a versatile role, by being both a friend and a mentor. He patiently listened to my difficulties, tried to sort them out and gave me valuable suggestions and remarks to make my project a more meaningful one. His guidance has made me learn a lot about the marketing domain. He constantly motivated me to overcome the hurdles and difficulties in the project. I am grateful for the time he spent on this project out of his busy schedule. I would be failing in my duty if I do not express my deep sense of gratitude to Prof. Parshuram Mishra, Internal Guide Srusti Academy Of Management Bhubaneswar, without his guidance it would not have been possible for me to complete this project work. Lastly I would like to thank my parents, friends, fellow interns and well-wishers who encouraged me to do this research work and all those who contributed directly or indirectly in completing this project to whom I am obligated to even though anonymously.

Fun shuk wangdu

PREFACE

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The stock market in India has been a kind of mysterious place for many people who think that the persons investing their money in the market are sort of gambling on their money in the market are ort of gambling on their money. There is usual misconception in the mind of the common man that because of the volatility of the market, their hard-earned money is not safe in the stock market. However, this fear can be checked by proper research on a share someone is interested to invest on. The market does not behave in an arbitrate manner, but certain trends are repeated over the time again and again. It is quite responsive towards the economics activities taking place in Indian as well as the whole world. The broad objective of the project is to understand the behavioural pattern of the shares of various industries over the past several years and a half so that one can understand the movement of shares on a particular trading session as well as the impact of news coming from different quarters of of the market. The project will provide a tool in the hands of the investors to take the decisions regarding their investment in the shares of various industries that is, when to buy or when to sell the shares. It will also give them the answer that whether it is right time to invest in this share or not, and what could be the best time to invest in this share. Project deals with the analysis of different companies of different sectors.

My project is divided into different chapters and they are given as under:

TABLE OF CONTENT

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Executive Summary-------------------------------------------------------------------07 Objective of the Study----------------------------------------------------------------09 Methodology---------------------------------------------------------------------------10 Chapter-1 (Company Profile) -------------------------------------------------------12 Chapter-2 (Introduction to Equity Research) -----------------------------------19 Chapter-3 (Data Analysis) -----------------------------------------------------------28  Banking Sector (HDFC Bank) -----------------------------------------------29  Finance Sector (L&T Financial Services) ---------------------------------65  IT Sector (Mindtree) ----------------------------------------------------------92  Mining Sector (Coal India Ltd.) -------------------------------------------111  Automobile Sector (Tata Motors) ---------------------------------------132  FMCG Sector (Hindustan Foods Ltd.) -----------------------------------154  Textile Sector (Page Industries) ------------------------------------------174  Pharma Sector (Abbott India Ltd.) ---------------------------------------192  Conclusion-----------------------------------------------------------------------------210  Bibliography---------------------------------------------------------------------------212      

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EXECUTIVE SUMMARY The main aim of this project is to do equity research banking sector and to find out the opportunities of investment in these sectors where returns can be maximized. Indian Economy being one of the fastest developing economies in the world, companies in India are growing at faster rate as compared to their growth rate a decade back. Many Indian companies are expanding their business globally with mergers and acquisitions. As companies grow their shareholders are benefitted with good dividend and capital appreciation on investment in equity shares of such companies. Number of companies listed in stock exchange (BSE & NSE) has been increasing every year with new IPOs coming in the market. In India people are realizing that equity has potential to give highest return as compared to other investment avenues however people are not aware how to do equity valuation, they just invest in shares based on tips given by brokers, friends or family members. Investing in equity shares based on tips is not the true investment but it is clear gambling with your money which many of us would not like to do with our hard-earned money. Equity valuation begins with analysis of the sector in which you want to make investment; if the sector looks positive then analyse various companies in the sector. A Company is analysed fundamentally to check its performance and financial strength. Technical analysis is used to decide the right price to buy a stock so that higher return on investment can be generated. The report describes various aspects of the stocks and focus on the various opportunities and threats that have emerged as result of change in the regulatory environment. The Objective of the project is to find out the risk of changes in the regulatory environment. The objective of the project is to find out the risk and return perspective of the stocks of different sectors. In doing so I have various selection techniques for the purpose of selecting the company’s products we have used the main selection analysis in technical analysis and fundamental analysis for HDFC, L&T finance, ITC Infotech, MCL, TATA Motors, Samsung, Amazon and Hindustan Uniliver. The intention behind

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such an analysis is that to analyse the competitive advantage of the company by knowing the resistance and support level for the company’s which is particularly helpful in identifying areas of development. I have conducted a detailed study of various real economy snapshots to consider the growth opportunities of the economy as a whole. Also, I have done the financial strength analysis of the company’s because to know how it is efficient in financial way. In this section I have done the fully study of the HDFC, L&T finance, ITC Infotech, MCL, TATA Motors, Samsung, Amazon, and Hindustan Uniliver. I have also done SWOT Analysis for these three companies with strengths, weakness, opportunity, and threat of each of the companies. The SWOT analysis would also provide an overview to an investor regarding the future certainty and uncertainty. At last I have done a analysis of these stocks and had predicted the stock prices for future and the support as well as resistance level so that it can be taken up by the investors to decide the time and date for their investment to have greater returns at their end.

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OBJECTIVE OF THE STUDY As per the requirement of course I have prepared this report. To track the shares prices of the companies. To study the share price movement. To analyse the balance sheet and income statement to know the position of the companies. To do the fundamental analysis of the companies taken for comparison to know the financial position of the companies. To do the technical analysis. To do SWOT Analysis. This report will help the investors to know about the current growth prospects of Indian economy and different sectors. They will get to understand various factors affecting different sectors and their impact on the growth of these different sector. This report will help them in comparing the above-mentioned companies and their estimated future share prices, so that they can invest in better options. The Report will also help Talent Corner H.R. Services PVT. LTD. in their investment decisions.

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METHODOLOGY An Introduction Research in common parlance refers to a search for knowledge. One can also define research as a scientific and systematic search for pertinent information on a specific topic. Some people consider research as a movement, a movement from the known to the unknown. It is a voyage of discovery. We all possess the vital instincts of inquisitiveness for things. When the unknown confronts us, we wonder, and our inquisitiveness make us probe and attain full understanding of the unknown. This inquisitiveness is the mother of all knowledge and the method, which a person employs for obtaining this knowledge of whatever the unknown, can be termed as research. Research is an academic activity and as such the term should be used in technical sense. Research is an original contribution to the existing stock of knowledge made for its advancement. It is the pursuit of truth with the help of study, observation, comparison, and experiment. In short, the search for knowledge through objective and systematic method of finding solution to a problem is research.

Significance of research It is very important to understand the importance of research to perform it better and to appreciate a research work. So, I thought of stating the significance of research. “All progress is born of inquiry. Doubt is better than overconfidence, for it leads to inquiry and inquiry leads to invention” is a famous Hudson Maxim in context of which the significance of research can be well understood. Increased amount of research makes progress possible. Research inculcates scientific and inductive thinking and it promotes the development of logical habits of thinking and organisation. The role of research is several fields of applied economics and finance, whether related to business or to the economy, has greatly increased in modern times. The increasingly complex nature of business and government has focused attention on the use of research in solving operational problems. Research, as an aid to policy formation, has gained added importance, both from the government and the business houses.

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Research Methodology The objective of this research project was to provide Talent Corner Hr Services with analysis of different sectors with a detailed feasibility report in respect to order growth and trend nationally and internationally. The section on parameters that affect the different sector required secondary data collection and then use of valuation ratio for the estimating the revenue which they can generate in future like steel prices to sales ratio along with independent variables like inflation, interest rates etc. One of the sections is to establish ratio analysis and order book analysis, for which data relating to the companies traded at Sensex, Nse etc was collected and spot and risk factor has been associated. Price of raw material and sales trend were also established. Beta factor of each company was studied. Seasonal variation in order book for each company was calculated from the secondary data collected and analysis has been done as to how much are the seasonality in each of these stocks last section of my research was to do valuation ratio as a common factor indicating the future prospectus of the companies. In this research study, mainly two types of data collection techniques were used i.e., with the help of research analyst and secondly with the help of research report given by project guide at the company. In both the methods, the analysis has been done for the sector. It taken care that I refrained from expressing my own opinion.

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CHAPTER-1 COMPANY PROFILE

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TALENT CORNER HR. PVT. LTD. Talent corner is a professional human resources organization providing innovative recruitments solutions to the corporate world. Incorporated in 2002, with a modest set-up of just three people, today Talent Corner has grown into one of India’s leading HR Management Company with 200+ team members at 15 locations across India. It is serving over 900+ clients in diverse industries. The Recruitment Industry in India is growing at the fastest space hence the need for skilled manpower becomes crucial. In today’s challenging scenario our company aims to match the right person to the right job with the highest level of service. Their Continuous Endeavour is to make the Recruitment process Easier, Faster and Transparent, to absorb fresh talent. To reduce the Gap and Upgrade the relationship between a candidate and client which represents the goal we are trying to achieve.

COMPANY SUMMARY: Talent Corner is a professional human resource organization providing innovative recruitment and training platforms for the corporate world. It is recognized as one of India’s leading HR management consultants headquartered in Mumbai, India. We believe in partnering the process of Human Resource by meeting all the professional requirements and being the first choice when it comes to fulfilling an organization’s manpower needs. At Talent Corner, company’s aim is creating true value for your business, through the essential core asset of your company. Talent Corner has grown into one of India’s leading HR management consultants with over 100 employees in 11 offices across the country, serving over 100 clients in diverse industries. Among the many HR agencies in the country, company stand out due to unique deliverance of services. The main reasons why clients choose Talent corner over others are: 1. High quality services: At Talent Corner, offer you a 360-degree range of services that help to meet all your needs from one partner. Company aim to cater to every small or large requirement right from summer placements to head hunting to research, so that people can be assured of one single point contact when it comes to Human Resource management. Further, company emphasis on training company’s own

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staff on a continuous basis enables people to ensure that they receive excellent service each time that people need company. 2. Speed and Efficiency: In a time-bound field of work, company’s value their customers’ deadlines, and often surprise them with the speed and efficiency of work. With their vast and ever-increasing database of suitable employees, company able to offer their clients an effective turnaround time. Their well-trained, experienced team members are specialized in talent hunt i.e. identifying and sourcing candidates from the corporate sector in India who are engaged in a similar job profile. Further, company’s team is trained to work longer, so that you get to select the best candidate on time, or sometimes much before your expectation. 3. Trained Personnel for Personalized Services: The Company emphasizes on equipping the recruiters with the latest industry practices along with encouraging and incorporating innovative ideas for betterment of services. As company’s customer, they enjoy the personal attention of an exclusive team of trained staff which is devoted solely to their organization’s operations and needs. Company even guarantees their performance by their compensatory clause in their contract if the sourcing is not up to their expectations or within the specified time.

COMPANY OWNERSHIP: The company is solely owned by Mr. Bankim Doshi. The foundation of Talent Corner H.R. Services Pvt. Ltd. Was laid in 2002 when Mr. Bankim Doshi joined the H.R. Industry. As a Promoter of this company, he has decided to extend his knowledge to the H.R. market at a significant time. As you know, the H.R. industry is growing very fast in India and companies required many qualified persons for specialized positions. A real businessman, he can lead the company with sheer professionalism. He began his career in 1978; when he started as an LIC agent (Life Insurance Corporation of India). Thanks to the experience gained by him during his course of service, he decided to launch various websites such as: www.anurash.com (various insurance products), www.lagnanbandhan.com (on-line matrimonial website) and www.satpusto.com (a family tree website).

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Since 1989, he holds many records to his name. He started with a business of ONE-CRORE in a single year, a level untouched by anyone in the past. Later, he surpassed his own record, with a single proposal of Rupees TWO-CRORES and yet again broke this record by successfully bagging a single proposal of FIVECRORES. He was also awarded a GOLD MEDAL by the then LIC Chairman for his distinguished services. He believes that partnership is a key factor for every company which wants to succeed. Mr. Bankim Doshi has shown a significant competence in the field of HR as he did in case of the insurance industry

PRODUCT SERVICE AND DESCRIPTION:  Recruitment-Search and Selection - Understanding requirements - Identifying prospective candidates - Sourcing Candidates - Scheduling interviews with clients - Short Listing candidates - Candidates relationship  Business Development - New requirements - Maintaining harmonious relationship  Training - Building training modules - Organize training classes INDUSTRY ANALYSIS:  The market is very competitive. Recruitment is the single most important function for a company in any sector. Without skilled workforce no company can grow and provide products or services of high quality to its customers. Today, a whole array of HR consultants has sprouted up across the country. Some are solely based in India whereas others are subsidiaries of foreign companies. We a...