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SECURITY ANALYSIS
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Course Outcomes |
Learning and teaching strategies |
Assessment Strategies |
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On completion of this course, the students will be able to; CO 1: Understand about various investment avenues. CO 2 : Develop an understandingof the conceptual framework for security |
Approach in teaching: Interactive Lectures using whiteboards, Discussion, Tutorials,Reading assignments, Demonstration, Team teaching, Quiz.
Learning activities forthe students: Self-learning assignments, Effectivequestions, Solving problems of unsolved questions, Problem based learning-cases, Group learning teamwork, Giving Tasks. |
Class test, Semester end examinations,Quiz, Solvingproblems in tutorials, Assignments, Presentation, Individual andgroup projects |
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analysis. |
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CO 3: Recognize the functions and |
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constituents of depository system. |
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CO 4: Overview of investment environment and risk return evaluation framework. CO 5: Application of equity analysis |
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tools for valuation and security |
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selection. |
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CO 6: Develop an understanding about |
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bond fundamentals and their |
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applications in valuations. |
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Investment Scenario: Concept of Investment, Need for investment, Investment objectives, Investment constraints Factors affecting investmentdecision, Investment decision process, Types of Investment.
Investment Avenues: Security form of investments: Equity Shares,preference shares, debentures and governmen securities. Comparison ofvarious investment options on the basis of risk, return, marketability. Types of governmen securities, Introduction to non- security form of investments.
Introduction to security market: Functions, components. New issue market: functions, advantages an disadvantages, methods of raising capitalin new issue market: Public issue, offer for sale, private placement, righ issues, preference issues.
Depository System: Concept, functions , constituents of Depository System, Dematerialization, Trading an Settlement procedure, freezing ofshares in DMAT account, advantages of depository system.
Listing of securities: Concept, classification, advantages, disadvantages, listing requirement, procedure for listing of securities.
Risk and Return: Concept of Risk, total risk and its components. Conceptof Return, Measurement of risk and Return risk and return relationship . Risk aversion and risk premium.
Equity valuation model: Valuation methods- dividend yield method, earning yield method, return on capita employed method, price/ earnings method. Discounted cash flow valuation method discounted dividen model, discounted cash flow model, discounted internal rate of return model.
Bond valuation model: Types of bonds, valuation of bonds- coupon rate, current yield, spot interest rate, yield t maturity, yield to call. Bond prices, Bond Duration and risk associated with bonds
Essential Readings
- Investment Analysis and Portfolio Management, Prasanna Chandra, Tata McGrawHill, 3rd Edition, 2009.
- V.K.Bhalla, Investment Management, 7th Edition, S. Chand & Co., New Delhi, 2000.
- ordon J. Alexander, William F. Sharpe & Jeffery V. Bailey, Fundamentals ofInvestments, Prentice Hall, India, 2003 edition.
Suggested Readings:
- Preetam Singh, Investment Management, 9th edition, Himalaya PublishingHouse, New Delhi 2000.
- Prasanna Chandra, Managing Investments, Tata McGraw Hill, 2002
E-Resources:
- Security Analysis and Portfolio Management,2e; Elibrary.in.pearson.com
- Security Analysis and Portfolio Management; https://www.expresslibrary.mheducation.com/pdfreader
Journals:
- South Asian Journal of Business and Management Cases; https://sagepub.com
- Indian Journal of Finance
- Asian Journal of Management Cases
