research methodology

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1、RESEARCHMETHODOLOGY76OBJECTIVEOFTHESTUDY:üPrimary:TodofundamentalanalysisandcalculateintrinsicvalueofPublicSectorEnterpriseswhicharerepresentedinNIFTY50.HerePSEsisconsideredtobethatcompanieswhereGovernmentofIndiaishavingmorethan50%stakeandnoothergovernmentistakeninto

2、consideration.üSecondary:1.Analyzinghistoricalperformance.2.Estimatinggrowthprospectofvariouscompanies.3.UnderstandingDiscountedCashFlowmodelanditsusage.4.Tolearnaboutlinkagesbetweensharevalues,earnings,andexpectedreturnoncapital.SCOPE:Theanalysisisbasedonmainactivit

3、iesi.e.operatingactivitiesofthecompanyandotheractivitiesareignored.Assumptionsarebasedonrecentannualreports,pastperformance,currenttrendsinthatsectorandstatisticsofRBI.WehaveconsideredonlyPSEsthatarerepresentedinNIFTY50andourassumptionsarelimitedtothosecompaniesonlya

4、ndnotallPSEsoranyothercompanies.RESEARCHDESIGN:Researchdesignselectedforthisprojectisdescriptive.76DATACOLLECTIONMETHOD:Dataforourobjectivewascollectedthroughcompanies’websitei.e.secondarydataandvariousotherwebsitestoknowthecurrentscenario.TARGET:PublicSectorEnterpri

5、sesofIndiarepresentinginNIFTY50.HerePSEsisthosecompanieswhereGovernmentofIndiaishavingmorethan50%stakeandnotanyothergovernment.SAMPLINGTECHNIQUE:Conveniencesampling.SAMPLESIZE:6companies(basicallythereare7companiesbutwehaveignoredPowerGridfromourestimationbecausejust

6、twoyearshavepassedforthecompanygoingpublicsoitisdifficulttoestimateandmakeassumptionsbasedonit).BENEFICIARY:1.Investorsinstockmarket.2.StudentspursuingprofessionalcourseslikeMBA,CFA,CFMandlikewise.3.FinancialInstitutionsandMutualFunds.4.MinistryofFinancefordisinvestm

7、entpolicy.76LIMITATIONS:1.Intrinsicvaluesarebasedonoperatingincomeonlyandnootherinflowsareconsidered.2.ProjectisrestrictedtoPSEsrepresentingNIFTY50andnotallPSEs.3.Nocompanyvisitsarepossiblesoassumptionsarebasedonsecondarydata,currentscenarioandstatisticsofRBI.76Intro

8、ductiontoINDIANEQUITYMARKET76TheIndianEquityMarkethasmainlytwoindicesi.e.NIFTYandSENSEX.TheequitymarketofIndiaisoneoftheoldestinthe