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► 5 Stocks Selected
      Infosys
      MRPL
      Tata Steel
      Tata Motors
      Karnataka Bank

► Total Data collected from NSE web site for the peroid 1st April 1998 to 31st March 2008
► Since the data for MRPL was dicontinued for the finnacial year 2000-2001, the total data used is for 60 months after June 2001 f
► Nifty Index has been used to calculate market return
► Monthly Averages has been used to calculate return for one period.

► Model one is Harry Markowitz model and the calculation is done using Matrix.
► Equal weights have been assigned for calculation.
► Model 2 is market model.
Market Model
Portfolio Return
                     Xi                ri              Xi * ri
        Stock      Weights      Security Return      Contribution
Infosys                  20%               -0.06%              -0.01%
MRPL                     20%                4.24%               0.85%
Tata Steel               20%                2.99%               0.60%
Tata Motors              20%                3.24%               0.65%
Karnataka Bank           20%                2.91%               0.58%
Total                   100%                                    2.66%

Portfolio Risk
                     Xi               β                    ri                  δ²i                     δ²I
        Stock      Weights           Beta           Expected Return      Variance of Stock      Variance of Market
Infosys                  20%                0.653               -0.06%                   0.01                0.00351
MRPL                     20%                1.439                4.24%                   0.03                0.00351
Tata Steel               20%                1.232                2.99%                   0.01                0.00351
Tata Motors              20%                1.018                3.24%                   0.01                0.00351
Karnataka Bank           20%                0.945                2.91%                   0.03                0.00351



Systhematic Risk         1.12
Unique Risk           0.26%
Portfoilo Risk        0.65%
Xi * β           X²i            δ²I            X²i * δ²
Xi * βiI                  Randam Err Variance
           0.13   4.00%                   1.32%   0.05%
           0.29   4.00%                   1.91%   0.08%
           0.25   4.00%                   0.50%   0.02%
            0.2   4.00%                   0.44%   0.02%
           0.19   4.00%                   2.23%   0.09%
           1.06                                  0.26%
INFOSYS                                                                         MRPL
                      Y                X            Y^         Y-Y^                                 Y
                 Stock Return     Market Return             Random Err     Expected Return     Stock Return
Aug-01 Average            2.67%            -0.83%   -0.02          4.61%               2.67%           -6.21%
Sep-01 Average          -22.70%           -11.19%   -0.09        -13.99%             -22.70%            0.66%
Oct-01 Average           -4.31%             0.47%   -0.01         -3.22%              -4.31%            7.33%
Nov-01 Average           18.37%             8.14%    0.04         14.45%              18.37%           12.16%
Dec-01 Average           26.94%             4.29%    0.01         25.54%              26.94%            1.89%
Jan-02 Average           -2.26%             1.05%   -0.01         -1.55%              -2.26%           -9.47%
Feb-02 Average           -7.75%             4.69%    0.02         -9.42%              -7.75%           14.37%
Mar-02 Average            4.67%             1.86%    0.00          4.85%               4.67%           11.90%
Apr-02 Average           -4.04%            -3.33%   -0.04         -0.46%              -4.04%          -10.67%
May-02 Average           -1.31%            -3.65%   -0.04          2.48%              -1.31%           -1.35%
Jun-02 Average          -10.96%            -1.29%   -0.02         -8.72%             -10.96%           31.19%
Jul-02 Average           -2.62%            -2.93%   -0.03          0.69%              -2.62%           -1.15%
Aug-02 Average            1.71%            -5.52%   -0.05          6.72%               1.71%          -18.76%
Sep-02 Average            8.02%             0.97%   -0.01          8.79%               8.02%           -6.65%
Oct-02 Average            4.45%            -3.24%   -0.04          7.97%               4.45%           -4.83%
Nov-02 Average           14.87%             3.89%    0.01         13.73%              14.87%            0.38%
Dec-02 Average            8.93%             8.24%    0.04          4.95%               8.93%            4.08%
Jan-03 Average           -2.03%            -0.05%   -0.01         -0.59%              -2.03%           -1.43%
Feb-03 Average           -5.72%            -1.64%   -0.02         -3.25%              -5.72%           10.88%
Mar-03 Average           -1.78%            -3.74%   -0.04          2.06%              -1.78%            3.35%
Apr-03 Average          -19.90%            -5.05%   -0.05        -15.21%             -19.90%            8.91%
May-03 Average          -15.89%            -0.19%   -0.02        -14.36%             -15.89%           58.06%
Jun-03 Average            6.55%            10.94%    0.06          0.81%               6.55%           52.73%
Jul-03 Average           12.53%             7.62%    0.04          8.96%              12.53%           -0.29%
Aug-03 Average            7.08%             9.66%    0.05          2.17%               7.08%           48.36%
Sep-03 Average           17.52%             8.56%    0.04         13.33%              17.52%           13.83%
Oct-03 Average            7.37%            10.01%    0.05          2.23%               7.37%           -2.28%
Nov-03 Average            5.06%             4.91%    0.02          3.25%               5.06%           20.70%
Dec-03 Average            8.03%            10.13%    0.05          2.82%               8.03%           11.37%
Jan-04 Average            7.17%             9.54%    0.05          2.34%               7.17%           19.28%
Feb-04 Average           -5.26%            -3.01%   -0.03         -1.89%              -5.26%           -4.73%
Mar-04 Average           -3.55%            -3.73%   -0.04          0.29%              -3.55%           -2.86%
Apr-04 Average            3.45%             3.87%    0.01          2.33%               3.45%            7.19%
May-04 Average           -2.80%           -11.27%   -0.09          5.96%              -2.80%          -13.41%
Jun-04 Average            3.42%            -8.17%   -0.07         10.16%               3.42%          -20.07%
Jul-04 Average          -72.74%             4.11%    0.01        -74.03%             -72.74%            4.36%
Aug-04 Average            6.39%             3.01%    0.01          5.83%               6.39%            3.03%
Sep-04 Average            7.24%             4.75%    0.02          5.54%               7.24%            3.16%
Oct-04 Average            7.61%             6.09%    0.03          5.04%               7.61%            2.55%
Nov-04 Average           14.40%             4.40%    0.01         12.92%              14.40%           -1.08%
Dec-04 Average            2.13%             7.90%    0.04         -1.63%               2.13%           12.25%
Jan-05 Average           -3.51%            -2.18%   -0.03         -0.68%              -3.51%            0.62%
Feb-05 Average            6.41%             4.53%    0.02          4.85%               6.41%            1.55%
Mar-05 Average            3.99%             1.40%    0.00          4.48%               3.99%           -4.48%
Apr-05 Average           -7.52%            -5.21%   -0.05         -2.72%              -7.52%           -4.58%
May-05 Average            2.08%             0.76%   -0.01          2.98%               2.08%           -0.52%
Jun-05 Average            9.49%             6.59%    0.03          6.59%               9.49%            1.68%
Jul-05 Average           -0.79%             4.80%    0.02         -2.52%              -0.79%           -1.57%
Aug-05 Average            1.37%             5.40%    0.02         -0.76%               1.37%           10.47%
Sep-05 Average            6.33%             6.54%    0.03          3.47%               6.33%            5.11%
Oct-05 Average            4.82%            -0.99%   -0.02          6.87%               4.82%           -7.11%
Nov-05 Average            4.63%             3.53%    0.01          3.73%               4.63%           -5.69%
Dec-05 Average            8.95%             7.69%    0.04          5.33%               8.95%            0.22%
Jan-06 Average           -0.96%             4.33%    0.01         -2.39%              -0.96%            0.53%
Feb-06 Average           -2.24%             4.38%    0.01         -3.70%              -2.24%           -9.37%
Mar-06 Average            3.00%             7.19%    0.03         -0.30%               3.00%           -0.99%
Apr-06 Average            9.41%             7.96%    0.04          5.61%               9.41%            9.19%
May-06 Average           -3.26%            -1.62%   -0.02         -0.80%              -3.26%            5.51%
Jun-06 Average           -7.58%           -15.20%   -0.11          3.75%              -7.58%          -27.61%
Jul-06 Average          -21.84%             6.08%    0.03        -24.41%             -21.84%           -5.35%
Aug-06 Average          -21.79%             6.90%    0.03        -24.89%             -21.79%           12.84%
Sep-06 Average            4.58%             5.64%    0.02          2.29%               4.58%           11.51%
Oct-06 Average           10.26%             4.50%    0.02          8.72%              10.26%            0.05%
Nov-06 Average            8.16%             6.01%    0.03          5.64%               8.16%           -4.97%
Dec-06 Average     1.60%     1.07%    -0.01     2.30%     1.60%    -1.03%
Jan-07 Average     1.28%     3.24%     0.01     0.56%     1.28%     7.17%
Feb-07 Average     2.63%     1.16%    -0.01     3.28%     2.63%    -6.35%
Mar-07 Average    -9.43%    -8.63%    -0.07    -2.39%    -9.43%   -14.89%
Apr-07 Average    -2.08%     5.79%     0.02    -4.46%    -2.08%     4.81%
May-07 Average    -2.65%     6.01%     0.03    -5.17%    -2.65%    17.79%
Jun-07 Average    -1.12%     0.90%    -0.01    -0.31%    -1.12%    -5.72%
Jul-07 Average     0.44%     5.97%     0.02    -2.06%     0.44%     6.28%
Aug-07 Average    -4.42%    -3.86%    -0.04    -0.49%    -4.42%    -2.53%
Sep-07 Average    -1.78%     8.34%     0.04    -5.82%    -1.78%    28.53%
Oct-07 Average     4.23%    17.10%     0.10    -5.53%     4.23%    20.43%
Nov-07 Average   -13.44%     5.35%     0.02   -15.54%   -13.44%    63.68%
Dec-07 Average     1.93%     3.74%     0.01     0.88%     1.93%    28.08%
Jan-08 Average    -8.80%    -3.47%    -0.04    -5.13%    -8.80%   -15.84%
Feb-08 Average     1.81%    -9.64%    -0.08     9.51%     1.81%   -24.74%
Mar-08 Average   -10.08%    -8.31%    -0.07    -3.26%   -10.08%   -12.08%


Total Average    -0.06%     2.05%    -0.06%    0.00%    -0.06%     4.24%
Variance          0.0147    0.0035             0.0132    0.0147    0.0264
Beta                 0.65                                             1.44
Stdev
Alpha              -0.01         0                                   0.01

Security Risk    1.470%                                           2.640%
Tata Steel
     X            Y^            Y-Y^                                 Y                X            Y^
Market Return                Random Err     Expected Return     Stock Return     Market Return
         -0.83%     0.0010         -6.31%              -6.21%            -10%             -0.83%        -0.01
        -11.19%    -0.1480         15.46%               0.66%            -14%            -11.19%        -0.13
          0.47%     0.0197          5.36%               7.33%             -2%              0.47%         0.01
          8.14%     0.1301         -0.85%              12.16%             13%              8.14%          0.1
          4.29%     0.0746         -5.58%               1.89%               6%             4.29%         0.06
          1.05%     0.0281        -12.28%              -9.47%             11%              1.05%         0.02
          4.69%     0.0804          6.33%              14.37%               5%             4.69%         0.06
          1.86%     0.0397          7.94%              11.90%             -3%              1.86%         0.03
         -3.33%    -0.0350         -7.17%             -10.67%               3%            -3.33%        -0.04
         -3.65%    -0.0396          2.61%              -1.35%               8%            -3.65%        -0.04
         -1.29%    -0.0056         31.75%              31.19%             13%             -1.29%        -0.01
         -2.93%    -0.0292          1.77%              -1.15%               6%            -2.93%        -0.03
         -5.52%    -0.0665        -12.12%             -18.76%            -11%             -5.52%        -0.06
          0.97%     0.0269         -9.34%              -6.65%             -1%              0.97%         0.02
         -3.24%    -0.0337         -1.45%              -4.83%               0%            -3.24%        -0.04
          3.89%     0.0689         -6.51%               0.38%               9%             3.89%         0.05
          8.24%     0.1315         -9.07%               4.08%               9%             8.24%         0.11
         -0.05%     0.0122         -2.65%              -1.43%               8%            -0.05%            0
         -1.64%    -0.0107         11.95%              10.88%               1%            -1.64%        -0.02
         -3.74%    -0.0408          7.43%               3.35%             -9%             -3.74%        -0.04
         -5.05%    -0.0597         14.88%               8.91%             -3%             -5.05%        -0.06
         -0.19%     0.0101         57.05%              58.06%               4%            -0.19%            0
         10.94%     0.1703         35.70%              52.73%             12%             10.94%         0.14
          7.62%     0.1225        -12.54%              -0.29%             20%              7.62%          0.1
          9.66%     0.1519         33.17%              48.36%             27%              9.66%         0.12
          8.56%     0.1360          0.23%              13.83%               8%             8.56%         0.11
         10.01%     0.1570        -17.97%              -2.28%             27%             10.01%         0.13
          4.91%     0.0835         12.35%              20.70%               9%             4.91%         0.07
         10.13%     0.1586         -4.49%              11.37%               8%            10.13%         0.13
          9.54%     0.1501          4.27%              19.28%             12%              9.54%         0.12
         -3.01%    -0.0303         -1.69%              -4.73%             -2%             -3.01%        -0.03
         -3.73%    -0.0408          1.22%              -2.86%             -6%             -3.73%        -0.04
          3.87%     0.0686          0.34%               7.19%             -2%              3.87%         0.05
        -11.27%    -0.1491          1.50%             -13.41%            -18%            -11.27%        -0.13
         -8.17%    -0.1047         -9.60%             -20.07%             -9%             -8.17%         -0.1
          4.11%     0.0721         -2.85%               4.36%             15%              4.11%         0.06
          3.01%     0.0562         -2.59%               3.03%            -11%              3.01%         0.04
          4.75%     0.0812         -4.96%               3.16%            -10%              4.75%         0.06
          6.09%     0.1005         -7.50%               2.55%               7%             6.09%         0.08
          4.40%     0.0762         -8.70%              -1.08%               5%             4.40%         0.06
          7.90%     0.1265         -0.40%              12.25%             12%              7.90%          0.1
         -2.18%    -0.0185          2.47%               0.62%               5%            -2.18%        -0.02
          4.53%     0.0781         -6.26%               1.55%             12%              4.53%         0.06
          1.40%     0.0330         -7.78%              -4.48%               5%             1.40%         0.02
         -5.21%    -0.0620          1.62%              -4.58%            -13%             -5.21%        -0.06
          0.76%     0.0239         -2.91%              -0.52%             -4%              0.76%         0.01
          6.59%     0.1078         -9.09%               1.68%             -3%              6.59%         0.09
          4.80%     0.0820         -9.76%              -1.57%               5%             4.80%         0.06
          5.40%     0.0907          1.40%              10.47%               8%             5.40%         0.07
          6.54%     0.1070         -5.59%               5.11%               6%             6.54%         0.09
         -0.99%    -0.0013         -6.97%              -7.11%            -14%             -0.99%        -0.01
          3.53%     0.0638        -12.07%              -5.69%               0%             3.53%         0.05
          7.69%     0.1235        -12.13%               0.22%               3%             7.69%          0.1
          4.33%     0.0752         -6.99%               0.53%               2%             4.33%         0.06
          4.38%     0.0759        -16.96%              -9.37%               8%             4.38%         0.06
          7.19%     0.1163        -12.63%              -0.99%             19%              7.19%         0.09
          7.96%     0.1275         -3.56%               9.19%             26%              7.96%          0.1
         -1.62%    -0.0104          6.55%               5.51%             -3%             -1.62%        -0.02
        -15.20%    -0.2057         -7.03%             -27.61%            -19%            -15.20%        -0.18
          6.08%     0.1004        -15.39%              -5.35%               7%             6.08%         0.08
          6.90%     0.1122          1.62%              12.84%               1%             6.90%         0.09
          5.64%     0.0941          2.10%              11.51%             -1%              5.64%         0.07
          4.50%     0.0777         -7.73%               0.05%               1%             4.50%         0.06
          6.01%     0.0993        -14.90%              -4.97%             -6%              6.01%         0.08
1.07%    0.0284    -3.86%    -1.03%     -3%      1.07%     0.02
 3.24%    0.0596     1.21%     7.17%      1%      3.24%     0.04
 1.16%    0.0296    -9.31%    -6.35%     -4%      1.16%     0.02
-8.63%   -0.1113    -3.76%   -14.89%     -4%     -8.63%     -0.1
 5.79%    0.0963    -4.81%     4.81%     18%      5.79%     0.08
 6.01%    0.0993     7.86%    17.79%     17%      6.01%     0.08
 0.90%    0.0259    -8.31%    -5.72%      1%      0.90%     0.02
 5.97%    0.0988    -3.60%     6.28%      9%      5.97%     0.08
-3.86%   -0.0426     1.74%    -2.53%     -7%     -3.86%    -0.04
 8.34%    0.1328    15.25%    28.53%     17%      8.34%     0.11
17.10%    0.2589    -5.46%    20.43%     21%     17.10%     0.22
 5.35%    0.0899    54.69%    63.68%     -3%      5.35%     0.07
 3.74%    0.0667    21.41%    28.08%      2%      3.74%     0.05
-3.47%   -0.0371   -12.13%   -15.84%     -6%     -3.47%    -0.04
-9.64%   -0.1257   -12.17%   -24.74%     -2%     -9.64%    -0.11
-8.31%   -0.1066    -1.42%   -12.08%    -10%     -8.31%     -0.1


2.05%    4.24%      0.00%     4.24%    2.99%     2.05%    2.99%
0.0035              0.0191    0.0264   0.0103    0.0035
                                          1.23

                                            0

                                       1.028%
Tata Motors
   Y-Y^                               Y                X            Y^              Y-Y^
Random Err    Expected Return    Stock Return     Market Return                  Random Err     Expected Return
       -10%               -10%            8.40%            -0.83%            0          8.10%               8.40%
        -1%               -14%           -5.39%           -11.19%         -0.1          4.85%              -5.39%
        -3%                -2%            6.11%             0.47%         0.02          4.48%               6.11%
         3%                13%           24.21%             8.14%         0.09         14.77%              24.21%
         0%                 6%            8.93%             4.29%         0.06          3.41%               8.93%
         9%                11%           11.57%             1.05%         0.02          9.35%              11.57%
        -1%                 5%           21.11%             4.69%         0.06         15.19%              21.11%
        -6%                -3%           -6.03%             1.86%         0.03         -9.07%              -6.03%
         7%                 3%           -0.37%            -3.33%        -0.02          1.87%              -0.37%
        12%                 8%            2.25%            -3.65%        -0.03          4.82%               2.25%
        14%                13%           10.66%            -1.29%            0         10.82%              10.66%
         9%                 6%            2.43%            -2.93%        -0.02          4.26%               2.43%
        -5%               -11%          -11.61%            -5.52%        -0.04         -7.14%             -11.61%
        -3%                -1%            2.28%             0.97%         0.02          0.14%               2.28%
         3%                 0%            0.76%            -3.24%        -0.02          2.91%               0.76%
         3%                 9%           13.22%             3.89%         0.05          8.12%              13.22%
        -2%                 9%            4.64%             8.24%          0.1         -4.90%               4.64%
         7%                 8%           -1.07%            -0.05%         0.01         -2.16%              -1.07%
         2%                 1%            0.73%            -1.64%        -0.01          1.26%               0.73%
        -5%                -9%           -3.03%            -3.74%        -0.03         -0.37%              -3.03%
         3%                -3%            0.89%            -5.05%        -0.04          4.88%               0.89%
         4%                 4%            2.79%            -0.19%         0.01          1.84%               2.79%
        -2%                12%           15.08%            10.94%         0.12          2.79%              15.08%
        10%                20%           15.75%             7.62%         0.09          6.85%              15.75%
        15%                27%           17.75%             9.66%         0.11          6.76%              17.75%
        -3%                 8%           12.01%             8.56%          0.1          2.15%              12.01%
        14%                27%           27.53%            10.01%         0.11         16.19%              27.53%
         3%                 9%            5.51%             4.91%         0.06         -0.64%               5.51%
        -5%                 8%           10.83%            10.13%         0.11         -0.63%              10.83%
         0%                12%           12.94%             9.54%         0.11          2.09%              12.94%
         1%                -2%           11.44%            -3.01%        -0.02         13.35%              11.44%
        -2%                -6%           -9.79%            -3.73%        -0.03         -7.14%              -9.79%
        -7%                -2%            3.63%             3.87%         0.05         -1.46%               3.63%
        -5%               -18%          -13.56%           -11.27%         -0.1         -3.24%             -13.56%
         1%                -9%           -9.60%            -8.17%        -0.07         -2.43%              -9.60%
        10%                15%            3.49%             4.11%         0.05         -1.85%               3.49%
       -15%               -11%           -0.27%             3.01%         0.04         -4.48%              -0.27%
       -16%               -10%           -1.09%             4.75%         0.06         -7.07%              -1.09%
        -1%                 7%            4.13%             6.09%         0.07         -3.22%               4.13%
        -1%                 5%            5.79%             4.40%         0.06          0.17%               5.79%
         2%                12%           13.17%             7.90%         0.09          3.98%              13.17%
         8%                 5%           -2.28%            -2.18%        -0.01         -1.21%              -2.28%
         6%                12%            0.78%             4.53%         0.06         -4.98%               0.78%
         3%                 5%           -7.79%             1.40%         0.03        -10.36%              -7.79%
        -7%               -13%           -5.83%            -5.21%        -0.04         -1.68%              -5.83%
        -5%                -4%            2.16%             0.76%         0.02          0.23%               2.16%
       -11%                -3%           -1.28%             6.59%         0.08         -9.14%              -1.28%
        -2%                 5%            7.05%             4.80%         0.06          1.02%               7.05%
         0%                 8%            6.11%             5.40%         0.07         -0.54%               6.11%
        -3%                 6%            5.92%             6.54%         0.08         -1.88%               5.92%
       -13%               -14%            1.74%            -0.99%            0          1.60%               1.74%
        -5%                 0%            1.38%             3.53%         0.05         -3.36%               1.38%
        -7%                 3%           14.72%             7.69%         0.09          5.74%              14.72%
        -4%                 2%            7.13%             4.33%         0.06          1.57%               7.13%
         2%                 8%           17.43%             4.38%         0.06         11.82%              17.43%
         9%                19%           17.77%             7.19%         0.08          9.30%              17.77%
        16%                26%            4.27%             7.96%         0.09         -4.98%               4.27%
        -1%                -3%           -5.54%            -1.62%        -0.01         -5.04%              -5.54%
         0%               -19%          -15.93%           -15.20%        -0.14         -1.61%             -15.93%
        -1%                 7%           -1.30%             6.08%         0.07         -8.64%              -1.30%
        -8%                 1%           10.01%             6.90%         0.08          1.84%              10.01%
        -9%                -1%            6.17%             5.64%         0.07         -0.72%               6.17%
        -5%                 1%            2.67%             4.50%         0.06         -3.07%               2.67%
       -13%                -6%           -7.60%             6.01%         0.07        -14.86%              -7.60%
-5%      -3%      6.11%     1.07%     0.02     3.87%     6.11%
  -3%       1%      7.51%     3.24%     0.04     3.06%     7.51%
  -6%      -4%     -6.96%     1.16%     0.02    -9.29%    -6.96%
   6%      -4%    -12.95%    -8.63%    -0.08    -5.31%   -12.95%
  10%      18%     -4.55%     5.79%     0.07   -11.59%    -4.55%
   9%      17%      0.96%     6.01%     0.07    -6.31%     0.96%
   0%       1%     -7.48%     0.90%     0.02    -9.55%    -7.48%
   2%       9%      8.34%     5.97%     0.07     1.12%     8.34%
  -3%      -7%     -9.53%    -3.86%    -0.03    -6.74%    -9.53%
   7%      17%      8.26%     8.34%      0.1    -1.37%     8.26%
  -1%      21%     10.86%    17.10%     0.19    -7.69%    10.86%
 -11%      -3%    -10.11%     5.35%     0.07   -16.71%   -10.11%
  -3%       2%      4.18%     3.74%     0.05    -0.78%     4.18%
  -2%      -6%     -1.25%    -3.47%    -0.02     1.14%    -1.25%
   9%      -2%     -1.62%    -9.64%    -0.09     7.04%    -1.62%
   0%     -10%     -8.88%    -8.31%    -0.07    -1.57%    -8.88%


0.00%    2.99%     3.24%     2.05%    3.24%     0.00%     3.24%
0.0050   0.0103    0.0081    0.0035             0.0044    0.0081
                      1.02

                     0.01

                  0.809%
KTK BANK
     Y                X            Y^              Y-Y^
Stock Return     Market Return                  Random Err     Expected Return
        -2.32%            -0.83%            0         -2.50%              -2.32%
        -6.42%           -11.19%         -0.1          3.18%              -6.42%
        -5.27%             0.47%         0.01         -6.68%              -5.27%
        16.81%             8.14%         0.09          8.14%              16.81%
        -3.62%             4.29%         0.05         -8.64%              -3.62%
         1.03%             1.05%         0.02         -0.93%               1.03%
        47.56%             4.69%         0.05         42.16%              47.56%
        27.33%             1.86%         0.03         24.60%              27.33%
        10.75%            -3.33%        -0.02         12.93%              10.75%
       -16.04%            -3.65%        -0.02        -13.55%             -16.04%
        21.68%            -1.29%            0         21.93%              21.68%
        -0.26%            -2.93%        -0.02          1.54%              -0.26%
        -9.30%            -5.52%        -0.04         -5.05%              -9.30%
        16.32%             0.97%         0.02         14.43%              16.32%
       -14.58%            -3.24%        -0.02        -12.49%             -14.58%
       -51.63%             3.89%         0.05        -56.28%             -51.63%
         6.92%             8.24%         0.09         -1.84%               6.92%
        11.78%            -0.05%         0.01         10.86%              11.78%
       -16.33%            -1.64%        -0.01        -15.74%             -16.33%
        -1.82%            -3.74%        -0.03          0.75%              -1.82%
         2.40%            -5.05%        -0.04          6.21%               2.40%
        27.73%            -0.19%         0.01         26.95%              27.73%
         2.98%            10.94%         0.11         -8.33%               2.98%
         0.95%             7.62%         0.08         -7.22%               0.95%
        11.79%             9.66%          0.1          1.69%              11.79%
        -5.40%             8.56%         0.09        -14.46%              -5.40%
         3.54%            10.01%          0.1         -6.89%               3.54%
         1.97%             4.91%         0.06         -3.64%               1.97%
        33.72%            10.13%         0.11         23.18%              33.72%
        11.75%             9.54%          0.1          1.77%              11.75%
       -11.89%            -3.01%        -0.02        -10.01%             -11.89%
         4.89%            -3.73%        -0.03          7.45%               4.89%
        15.03%             3.87%         0.05         10.41%              15.03%
       -18.68%           -11.27%         -0.1         -9.00%             -18.68%
       -18.21%            -8.17%        -0.07        -11.45%             -18.21%
        -3.54%             4.11%         0.05         -8.39%              -3.54%
        -7.56%             3.01%         0.04        -11.37%              -7.56%
         8.00%             4.75%         0.05          2.54%               8.00%
         5.40%             6.09%         0.07         -1.32%               5.40%
        25.43%             4.40%         0.05         20.31%              25.43%
        52.28%             7.90%         0.08         43.85%              52.28%
       -16.77%            -2.18%        -0.01        -15.67%             -16.77%
       -42.32%             4.53%         0.05        -47.56%             -42.32%
        -0.97%             1.40%         0.02         -3.25%              -0.97%
       -15.02%            -5.21%        -0.04        -11.06%             -15.02%
        13.27%             0.76%         0.02         11.59%              13.27%
        14.28%             6.59%         0.07          7.08%              14.28%
        25.34%             4.80%         0.06         19.84%              25.34%
        10.23%             5.40%         0.06          4.16%              10.23%
        -4.10%             6.54%         0.07        -11.25%              -4.10%
       -10.71%            -0.99%            0        -10.73%             -10.71%
        -4.47%             3.53%         0.04         -8.78%              -4.47%
         7.61%             7.69%         0.08         -0.63%               7.61%
         3.15%             4.33%         0.05         -1.91%               3.15%
        -5.11%             4.38%         0.05        -10.22%              -5.11%
        -4.31%             7.19%         0.08        -12.07%              -4.31%
        -1.15%             7.96%         0.08         -9.65%              -1.15%
        -1.20%            -1.62%        -0.01         -0.64%              -1.20%
       -12.19%           -15.20%        -0.13          1.21%             -12.19%
         1.24%             6.08%         0.07         -5.48%               1.24%
        17.46%             6.90%         0.07          9.97%              17.46%
         8.20%             5.64%         0.06          1.90%               8.20%
         6.47%             4.50%         0.05          1.24%               6.47%
        -4.12%             6.01%         0.07        -10.76%              -4.12%
15.81%     1.07%     0.02    13.82%    15.81%
 16.02%     3.24%     0.04    11.98%    16.02%
 16.63%     1.16%     0.02    14.57%    16.63%
 -6.28%    -8.63%    -0.07     0.91%    -6.28%
 -0.40%     5.79%     0.06    -6.84%    -0.40%
  3.19%     6.01%     0.07    -3.45%     3.19%
 -2.01%     0.90%     0.02    -3.83%    -2.01%
  8.18%     5.97%     0.07     1.57%     8.18%
 -2.83%    -3.86%    -0.03    -0.15%    -2.83%
 15.97%     8.34%     0.09     7.12%    15.97%
  6.65%    17.10%     0.17   -10.48%     6.65%
 -1.42%     5.35%     0.06    -7.45%    -1.42%
 -0.40%     3.74%     0.05    -4.91%    -0.40%
 16.74%    -3.47%    -0.02    19.06%    16.74%
  1.80%    -9.64%    -0.08     9.94%     1.80%
-15.17%    -8.31%    -0.07    -8.29%   -15.17%


 2.91%     2.05%    2.91%     0.00%     2.91%
 0.0254    0.0035             0.0223    0.0254
    0.95

   0.01

2.544%
Harry Markowitz Model
                                              δ               Xi                   Ki
              Stock     Average Return       S.D             Weight          Expected Return
A   INFOSYS                       -0.06%            0.12          20%                  -0.0001
B   MRPL                           4.24%            0.16          20%                   0.0085
C   TATA STEEL                     2.99%            0.10          20%                   0.0060
D   TELCO                          3.24%            0.09          20%                   0.0065
E   KARNATAKA BANK                 2.91%            0.16          20%                   0.0058
    Portfolio Return                                             100%                   0.0266




    Coorelation                                                                                               A
                              A               B                C                   D                 E        B
                           INFOSYS           MRPL          TATA STEEL            TELCO           KTK BANK     C
A   INFOSYS                                                                                                   D
B   MRPL                             -0.04                                                                    E
C   TATA STEEL                        0.12          0.42
D   TELCO                             0.26          0.34              0.67
E   KTK BANK                             0          0.32               0.2                0.31
    NIFTY                             0.32          0.52              0.72                0.67         0.35   A
                                                                                                              B
                                                                                                              C
    Portfolio Risk     √∑(Xi * δ²)                  8%                                                        D
                                                                                                              E
Matrix of CoVar
      AA           AB        AC       AD       AE
      BA           BB        BC       BD       BE
      CA           CB        CC       CD       CE
      DA           DB        DC       DD       DE
      EA           EB        EC       ED       EE




  Covariance
       A              B        C        D        E
    0.0147        -0.0007   0.0015   0.0028   0.0001
   -0.0007         0.0264   0.0070   0.0050   0.0082
    0.0015         0.0070   0.0103   0.0061   0.0032
    0.0028         0.0050   0.0061   0.0081   0.0045
    0.0001         0.0082   0.0032   0.0045   0.0254

Weights * CoVar
       A             B         C        D        E
    0.0006        0.0000    0.0001   0.0001   0.0000
    0.0000        0.0011    0.0003   0.0002   0.0003
    0.0001        0.0003    0.0004   0.0002   0.0001
    0.0001        0.0002    0.0002   0.0003   0.0002
    0.0000        0.0003    0.0001   0.0002   0.0010
Total Months                      60                       60                        60
                  Monthly       R.O.R       Monthly      R.O.R        Monthly      R.O.R         Monthly
Months           Avg. Price   INFOSYS      Avg. Price    MRPL        Avg. Price TATA STEEL      Avg. Price
Apr-98 Average      2103.59                      20.85                    157.94      #DIV/0!        290.36
May-98 Average      2358.74       12.13%         18.63     -10.63%        151.57         -4%         270.03
Jun-98 Average      2188.08       -7.24%         16.66     -10.56%        135.71        -10%         193.26
Jul-98 Average      2479.12       13.30%         15.67      -5.95%        119.20        -12%         152.01
Aug-98 Average      2612.99        5.40%         15.51      -1.02%         95.71        -20%         135.43
Sep-98 Average      2420.03       -7.38%         15.08      -2.81%         93.29         -3%         142.53
Oct-98 Average      2348.44       -2.96%         13.44     -10.88%         80.07        -14%         114.95
Nov-98 Average      2391.63        1.84%         13.28      -1.15%         89.24         11%         130.54
Dec-98 Average      2681.51       12.12%         12.53      -5.67%        102.86         15%         144.28
Jan-99 Average      3862.23       44.03%         13.16       5.01%        120.06         17%         205.36
Feb-99 Average      3282.30      -15.02%         11.96      -9.13%        119.95          0%         195.18
Mar-99 Average      3043.26       -7.28%         10.99      -8.12%        110.28         -8%         177.70
Apr-99 Average      2713.76      -10.83%          9.93      -9.64%         88.68        -20%         144.60
May-99 Average      3137.42       15.61%         10.99      10.71%        109.62         24%         171.95
Jun-99 Average      3298.75        5.14%         17.84      62.33%        130.13         19%         197.57
Jul-99 Average      4411.92       33.75%         19.33       8.33%        151.95         17%         254.58
Aug-99 Average      5379.59       21.93%         20.49       6.03%        146.07         -4%         277.39
Sep-99 Average      6511.82       21.05%         21.19       3.41%        147.62          1%         288.37
Oct-99 Average      7603.49       16.76%         20.52      -3.16%        152.28          3%         273.17
Nov-99 Average      8311.93        9.32%         17.25     -15.94%        142.45         -6%         228.37
Dec-99 Average     10806.95       30.02%         16.61      -3.74%        143.18          1%         215.72
Jan-00 Average     12610.77       16.69%         16.57      -0.21%        160.14         12%         223.75
Feb-00 Average      9102.71      -27.82%         14.05     -15.25%        135.28        -16%         172.80
Mar-00 Average     10576.68       16.19%         12.48     -11.17%        104.10        -23%         136.68
Apr-00 Average      8363.08      -20.93%         #N/A         #N/A        115.48         11%         131.20
May-00 Average      6942.35      -16.99%         #N/A         #N/A        109.13         -6%         131.10
Jun-00 Average      8087.56       16.50%         #N/A         #N/A        126.66         16%         128.47
Jul-00 Average      7705.30       -4.73%         #N/A         #N/A        129.79          2%         120.23
Aug-00 Average      7507.65       -2.57%         #N/A         #N/A        110.48        -15%          94.33
Sep-00 Average      8041.27        7.11%         #N/A         #N/A        103.49         -6%          92.03
Oct-00 Average      7033.41      -12.53%         #N/A         #N/A         94.77         -8%          75.72
Nov-00 Average      7556.18        7.43%         #N/A         #N/A        109.47         16%          82.93
Dec-00 Average      6793.84      -10.09%         #N/A         #N/A        125.72         15%          92.05
Jan-01 Average      6253.20       -7.96%         #N/A         #N/A        130.71          4%          94.79
Feb-01 Average      6289.84        0.59%         #N/A         #N/A        154.34         18%         101.56
Mar-01 Average      4647.09      -26.12%         #N/A         #N/A        135.85        -12%          77.33
Apr-01 Average      3650.08      -21.45%         #N/A         #N/A        128.39         -5%          67.03
May-01 Average      3968.70        8.73%         #N/A         #N/A        138.39          8%          78.54
Jun-01 Average      3633.05       -8.46%         #N/A         #N/A        126.60         -9%          69.45
Jul-01 Average      3641.02        0.22%          6.45        #N/A         99.15        -22%          69.40
Aug-01 Average      3738.14        2.67%          6.05      -6.21%         89.01        -10%          75.23
Sep-01 Average      2889.69      -22.70%          6.09       0.66%         76.55        -14%          71.18
Oct-01 Average      2765.19       -4.31%          6.53       7.33%         75.17         -2%          75.53
Nov-01 Average      3273.17       18.37%          7.33      12.16%         85.18         13%          93.81
Dec-01 Average      4155.01       26.94%          7.46       1.89%         90.43          6%         102.19
Jan-02 Average      4060.91       -2.26%          6.76      -9.47%         99.93         11%         114.01
Feb-02 Average      3746.02       -7.75%          7.73      14.37%        105.08          5%         138.08
Mar-02 Average      3920.82        4.67%          8.65      11.90%        101.58         -3%         129.75
Apr-02 Average      3762.50       -4.04%          7.73     -10.67%        105.11          3%         129.27
May-02 Average      3713.22       -1.31%          7.62      -1.35%        113.96          8%         132.18
Jun-02 Average      3306.30      -10.96%         10.00      31.19%        129.09         13%         146.27
Jul-02 Average      3219.53       -2.62%          9.88      -1.15%        136.20          6%         149.82
Aug-02 Average      3274.70        1.71%          8.03     -18.76%        120.63        -11%         132.43
Sep-02 Average      3537.41        8.02%          7.50      -6.65%        119.55         -1%         135.45
Oct-02 Average      3694.82        4.45%          7.13      -4.83%        119.44          0%         136.48
Nov-02 Average      4244.14       14.87%          7.16       0.38%        129.77          9%         154.53
Dec-02 Average      4623.14        8.93%          7.45       4.08%        141.42          9%         161.70
Jan-03 Average      4529.47       -2.03%          7.35      -1.43%        152.15          8%         159.97
Feb-03 Average      4270.19       -5.72%          8.14      10.88%        153.19          1%         161.14
Mar-03 Average      4194.22       -1.78%          8.42       3.35%        138.77         -9%         156.26
Apr-03 Average      3359.46      -19.90%          9.17       8.91%        134.67         -3%         157.65
May-03 Average      2825.65      -15.89%         14.49      58.06%        140.06          4%         162.04
Jun-03 Average      3010.80        6.55%         22.13      52.73%        156.70         12%         186.47
Jul-03 Average      3388.18       12.53%         22.07      -0.29%        188.12         20%         215.84
Aug-03 Average   3628.07     7.08%    32.74    48.36%   238.99     27%   254.15
Sep-03 Average   4263.58    17.52%    37.27    13.83%   258.51      8%   284.67
Oct-03 Average   4577.78     7.37%    36.42    -2.28%   328.09     27%   363.03
Nov-03 Average   4809.26     5.06%    43.96    20.70%   359.16      9%   383.02
Dec-03 Average   5195.58     8.03%    48.96    11.37%   389.31      8%   424.51
Jan-04 Average   5568.13     7.17%    58.40    19.28%   437.26     12%   479.46
Feb-04 Average   5275.43    -5.26%    55.64    -4.73%   427.80     -2%   534.30
Mar-04 Average   5088.15    -3.55%    54.05    -2.86%   402.12     -6%   481.98
Apr-04 Average   5263.80     3.45%    57.93     7.19%   394.44     -2%   499.45
May-04 Average   5116.47    -2.80%    50.16   -13.41%   321.69    -18%   431.75
Jun-04 Average   5291.50     3.42%    40.10   -20.07%   292.80     -9%   390.29
Jul-04 Average   1442.44   -72.74%    41.85     4.36%   338.03     15%   403.92
Aug-04 Average   1534.63     6.39%    43.11     3.03%   301.58    -11%   402.82
Sep-04 Average   1645.75     7.24%    44.48     3.16%   271.67    -10%   398.42
Oct-04 Average   1771.07     7.61%    45.61     2.55%   291.15      7%   414.86
Nov-04 Average   2026.05    14.40%    45.12    -1.08%   306.76      5%   438.89
Dec-04 Average   2069.15     2.13%    50.65    12.25%   343.42     12%   496.68
Jan-05 Average   1996.60    -3.51%    50.96     0.62%   361.77      5%   485.34
Feb-05 Average   2124.50     6.41%    51.75     1.55%   403.53     12%   489.14
Mar-05 Average   2209.31     3.99%    49.43    -4.48%   425.35      5%   451.03
Apr-05 Average   2043.23    -7.52%    47.17    -4.58%   370.56    -13%   424.73
May-05 Average   2085.70     2.08%    46.92    -0.52%   356.45     -4%   433.89
Jun-05 Average   2283.67     9.49%    47.71     1.68%   346.92     -3%   428.35
Jul-05 Average   2265.70    -0.79%    46.97    -1.57%   362.88      5%   458.55
Aug-05 Average   2296.68     1.37%    51.88    10.47%   390.20      8%   486.57
Sep-05 Average   2442.17     6.33%    54.53     5.11%   412.50      6%   515.40
Oct-05 Average   2559.80     4.82%    50.66    -7.11%   354.93    -14%   524.38
Nov-05 Average   2678.40     4.63%    47.77    -5.69%   355.42      0%   531.64
Dec-05 Average   2918.00     8.95%    47.88     0.22%   366.30      3%   609.89
Jan-06 Average   2890.02    -0.96%    48.14     0.53%   373.15      2%   653.35
Feb-06 Average   2825.15    -2.24%    43.63    -9.37%   402.33      8%   767.22
Mar-06 Average   2909.87     3.00%    43.19    -0.99%   477.01     19%   903.56
Apr-06 Average   3183.60     9.41%    47.16     9.19%   600.70     26%   942.18
May-06 Average   3079.95    -3.26%    49.76     5.51%   584.43     -3%   890.01
Jun-06 Average   2846.48    -7.58%    36.02   -27.61%   474.96    -19%   748.22
Jul-06 Average   2224.83   -21.84%    34.09    -5.35%   508.18      7%   738.49
Aug-06 Average   1740.15   -21.79%    38.47    12.84%   514.41      1%   812.45
Sep-06 Average   1819.76     4.58%    42.90    11.51%   508.45     -1%   862.59
Oct-06 Average   2006.49    10.26%    42.92     0.05%   513.67      1%   885.60
Nov-06 Average   2170.25     8.16%    40.79    -4.97%   485.18     -6%   818.29
Dec-06 Average   2205.02     1.60%    40.37    -1.03%   468.86     -3%   868.33
Jan-07 Average   2233.20     1.28%    43.27     7.17%   474.65      1%   933.55
Feb-07 Average   2291.93     2.63%    40.52    -6.35%   454.31     -4%   868.56
Mar-07 Average   2075.80    -9.43%    34.48   -14.89%   434.28     -4%   756.07
Apr-07 Average   2032.64    -2.08%    36.14     4.81%   511.73     18%   721.69
May-07 Average   1978.85    -2.65%    42.57    17.79%   598.54     17%   728.58
Jun-07 Average   1956.61    -1.12%    40.14    -5.72%   606.60      1%   674.06
Jul-07 Average   1965.21     0.44%    42.66     6.28%   664.05      9%   730.28
Aug-07 Average   1878.40    -4.42%    41.58    -2.53%   617.72     -7%   660.70
Sep-07 Average   1845.03    -1.78%    53.44    28.53%   724.70     17%   715.27
Oct-07 Average   1923.08     4.23%    64.36    20.43%   875.63     21%   792.95
Nov-07 Average   1664.55   -13.44%   105.35    63.68%   845.42     -3%   712.75
Dec-07 Average   1696.61     1.93%   134.93    28.08%   862.11      2%   742.51
Jan-08 Average   1547.34    -8.80%   113.56   -15.84%   808.42     -6%   733.25
Feb-08 Average   1575.36     1.81%    85.47   -24.74%   789.69     -2%   721.37
Mar-08 Average   1416.56   -10.08%    75.15   -12.08%   712.33    -10%   657.29

AVERAGE MEAN               -0.06%              4.24%             2.99%

Std. Deviation                0.12               0.16             0.10

Coeff. Of Var              -197.11               3.83             3.39

Skewness                     -2.81               1.52             0.21


Corelation
INFOSYS
MRPL         -0.0373
TATA STEEL    0.1214   0.4246
TELCO         0.2583   0.3442   0.6729
KTK BANK      0.0034   0.3156   0.1965
NIFTY         0.3193   0.5248   0.7200



Beta            0.65     1.44     1.23

Alpha          -0.01     0.01       0
60                          60                          60
 R.O.R        Monthly        R.O.R           Monthly      R.O.R
TELCO        Avg. Price KARNATAKA BANK        Close       Nifty
                   #N/A                         1181.94
    -7.00%         #N/A               #N/A      1127.12        -5%
   -28.43%         #N/A               #N/A       957.78       -15%
   -21.35%         #N/A               #N/A       946.94        -1%
   -10.90%         #N/A               #N/A       871.04        -8%
     5.24%         #N/A               #N/A       898.59         3%
   -19.36%         #N/A               #N/A       835.19        -7%
    13.57%         #N/A               #N/A       846.71         1%
    10.52%         #N/A               #N/A       853.23         1%
    42.33%         #N/A               #N/A       947.62        11%
    -4.96%         #N/A               #N/A       952.43         1%
    -8.96%         #N/A               #N/A      1060.82        11%
   -18.63%         #N/A               #N/A       994.28        -6%
    18.92%         #N/A               #N/A      1109.55        12%
    14.90%         #N/A               #N/A      1165.01         5%
    28.86%         #N/A               #N/A      1295.31        11%
     8.96%         #N/A               #N/A      1343.73         4%
     3.96%         #N/A               #N/A      1384.80         3%
    -5.27%         #N/A               #N/A      1434.26         4%
   -16.40%         #N/A               #N/A      1364.81        -5%
    -5.54%         #N/A               #N/A      1436.37         5%
     3.73%         #N/A               #N/A      1607.80        12%
   -22.77%         #N/A               #N/A      1686.58         5%
   -20.91%         #N/A               #N/A      1605.66        -5%
    -4.01%         #N/A               #N/A      1469.03        -9%
    -0.08%         56.35              #N/A      1312.65       -11%
    -2.01%         64.36            14.21%      1451.74        11%
    -6.41%         62.29            -3.21%      1445.26         0%
   -21.55%         58.09            -6.75%      1350.94        -7%
    -2.44%         54.40            -6.36%      1371.27         2%
   -17.72%         51.01            -6.23%      1201.60       -12%
     9.52%         53.98             5.82%      1240.59         3%
    11.00%         66.56            23.32%      1291.43         4%
     2.98%         65.99            -0.86%      1316.96         2%
     7.14%         83.61            26.70%      1371.91         4%
   -23.85%         80.71            -3.47%      1214.47       -11%
   -13.32%         64.16           -20.52%      1116.41        -8%
    17.17%         65.91             2.74%      1159.44         4%
   -11.58%         65.35            -0.84%      1107.15        -5%
    -0.06%         61.85            -5.37%      1077.98        -3%
     8.40%         60.41            -2.32%      1069.01        -1%
    -5.39%         56.53            -6.42%       949.43       -11%
     6.11%         53.55            -5.27%       953.92         0%
    24.21%         62.55            16.81%      1031.62         8%
     8.93%         60.28            -3.62%      1075.87         4%
    11.57%         60.90             1.03%      1087.20         1%
    21.11%         89.87            47.56%      1138.17         5%
    -6.03%        114.43            27.33%      1159.33         2%
    -0.37%        126.73            10.75%      1120.74        -3%
     2.25%        106.40           -16.04%      1079.80        -4%
    10.66%        129.48            21.68%      1065.90        -1%
     2.43%        129.14            -0.26%      1034.70        -3%
   -11.61%        117.13            -9.30%       977.60        -6%
     2.28%        136.24            16.32%       987.12         1%
     0.76%        116.37           -14.58%       955.12        -3%
    13.22%         56.29           -51.63%       992.26         4%
     4.64%         60.18             6.92%      1074.05         8%
    -1.07%         67.27            11.78%      1073.48         0%
     0.73%         56.28           -16.33%      1055.84        -2%
    -3.03%         55.26            -1.82%      1016.38        -4%
     0.89%         56.59             2.40%       965.08        -5%
     2.79%         72.28            27.73%       963.20         0%
    15.08%         74.43             2.98%      1068.59        11%
    15.75%         75.13             0.95%      1150.01         8%
17.75%    83.99    11.79%   1261.13     10%
 12.01%    79.45    -5.40%   1369.03      9%
 27.53%    82.27     3.54%   1506.10     10%
  5.51%    83.89     1.97%   1580.02      5%
 10.83%   112.18    33.72%   1740.06     10%
 12.94%   125.36    11.75%   1906.00     10%
 11.44%   110.45   -11.89%   1848.67     -3%
 -9.79%   115.85     4.89%   1779.63     -4%
  3.63%   133.27    15.03%   1848.45      4%
-13.56%   108.38   -18.68%   1640.20    -11%
 -9.60%    88.64   -18.21%   1506.12     -8%
  3.49%    85.50    -3.54%   1568.08      4%
 -0.27%    79.04    -7.56%   1615.30      3%
 -1.09%    85.36     8.00%   1691.96      5%
  4.13%    89.98     5.40%   1794.98      6%
  5.79%   112.86    25.43%   1873.94      4%
 13.17%   171.87    52.28%   2021.94      8%
 -2.28%   143.04   -16.77%   1977.83     -2%
  0.78%    82.52   -42.32%   2067.39      5%
 -7.79%    81.72    -0.97%   2096.23      1%
 -5.83%    69.45   -15.02%   1987.10     -5%
  2.16%    78.66    13.27%   2002.28      1%
 -1.28%    89.90    14.28%   2134.29      7%
  7.05%   112.68    25.34%   2236.70      5%
  6.11%   124.21    10.23%   2357.56      5%
  5.92%   119.11    -4.10%   2511.70      7%
  1.74%   106.36   -10.71%   2486.78     -1%
  1.38%   101.61    -4.47%   2574.66      4%
 14.72%   109.34     7.61%   2772.61      8%
  7.13%   112.79     3.15%   2892.68      4%
 17.43%   107.02    -5.11%   3019.32      4%
 17.77%   102.41    -4.31%   3236.37      7%
  4.27%   101.23    -1.15%   3494.06      8%
 -5.54%   100.01    -1.20%   3437.41     -2%
-15.93%    87.82   -12.19%   2914.91    -15%
 -1.30%    88.91     1.24%   3092.11      6%
 10.01%   104.43    17.46%   3305.58      7%
  6.17%   113.00     8.20%   3492.13      6%
  2.67%   120.31     6.47%   3649.43      5%
 -7.60%   115.35    -4.12%   3868.61      6%
  6.11%   133.58    15.81%   3910.18      1%
  7.51%   154.98    16.02%   4037.07      3%
 -6.96%   180.75    16.63%   4083.74      1%
-12.95%   169.39    -6.28%   3731.13     -9%
 -4.55%   168.71    -0.40%   3947.28      6%
  0.96%   174.10     3.19%   4184.39      6%
 -7.48%   170.60    -2.01%   4222.17      1%
  8.34%   184.55     8.18%   4474.18      6%
 -9.53%   179.32    -2.83%   4301.36     -4%
  8.26%   207.95    15.97%   4659.92      8%
 10.86%   221.78     6.65%   5456.62     17%
-10.11%   218.63    -1.42%   5748.58      5%
  4.18%   217.75    -0.40%   5963.57      4%
 -1.25%   254.19    16.74%   5756.35     -3%
 -1.62%   258.77     1.80%   5201.56    -10%
 -8.88%   219.51   -15.17%   4769.50     -8%

 3.24%              2.91%              2.05%

   0.09               0.16              0.06

   2.78               5.49              2.89

    0.2              -0.02              -0.56
0.3110
0.6711   0.3514



  1.02     0.95   1

  0.01     0.01   0
Symbol   Series   Date       Prev Close Open Price High Price Low Price Last Price Close Price
                  Apr-98 Average                                                          2103.59
                  May-98 Average                                                          2358.74
                  Jun-98 Average                                                          2188.08
                  Jul-98 Average                                                          2479.12
                  Aug-98 Average                                                          2612.99
                  Sep-98 Average                                                          2420.03
                  Oct-98 Average                                                          2348.44
                  Nov-98 Average                                                          2391.63
                  Dec-98 Average                                                          2681.51
                  Jan-99 Average                                                          3862.23
                  Feb-99 Average                                                            3282.3
                  Mar-99 Average                                                          3043.26
                  Apr-99 Average                                                          2713.76
                  May-99 Average                                                          3137.42
                  Jun-99 Average                                                          3298.75
                  Jul-99 Average                                                          4411.92
                  Aug-99 Average                                                          5379.59
                  Sep-99 Average                                                          6511.82
                  Oct-99 Average                                                          7603.49
                  Nov-99 Average                                                          8311.93
                  Dec-99 Average                                                         10806.95
                  Jan-00 Average                                                         12610.77
                  Feb-00 Average                                                          9102.71
                  Mar-00 Average                                                         10576.68
                  Apr-00 Average                                                          8363.08
                  May-00 Average                                                          6942.35
                  Jun-00 Average                                                          8087.56
                  Jul-00 Average                                                            7705.3
                  Aug-00 Average                                                          7507.65
                  Sep-00 Average                                                          8041.27
                  Oct-00 Average                                                          7033.41
                  Nov-00 Average                                                          7556.18
                  Dec-00 Average                                                          6793.84
                  Jan-01 Average                                                            6253.2
                  Feb-01 Average                                                          6289.84
                  Mar-01 Average                                                          4647.09
                  Apr-01 Average                                                          3650.08
                  May-01 Average                                                            3968.7
                  Jun-01 Average                                                          3633.05
                  Jul-01 Average                                                          3641.02
                  Aug-01 Average                                                          3738.14
                  Sep-01 Average                                                          2889.69
                  Oct-01 Average                                                          2765.19
                  Nov-01 Average                                                          3273.17
                  Dec-01 Average                                                          4155.01
                  Jan-02 Average                                                          4060.91
                  Feb-02 Average                                                          3746.02
                  Mar-02 Average                                                          3920.82
                  Apr-02 Average                                                            3762.5
                  May-02 Average                                                          3713.22
                  Jun-02 Average                                                            3306.3
                  Jul-02 Average                                                          3219.53
Aug-02 Average    3274.7
Sep-02 Average   3537.41
Oct-02 Average   3694.82
Nov-02 Average   4244.14
Dec-02 Average   4623.14
Jan-03 Average   4529.47
Feb-03 Average   4270.19
Mar-03 Average   4194.22
Apr-03 Average   3359.46
May-03 Average   2825.65
Jun-03 Average    3010.8
Jul-03 Average   3388.18
Aug-03 Average   3628.07
Sep-03 Average   4263.58
Oct-03 Average   4577.78
Nov-03 Average   4809.26
Dec-03 Average   5195.58
Jan-04 Average   5568.13
Feb-04 Average   5275.43
Mar-04 Average   5088.15
Apr-04 Average    5263.8
May-04 Average   5116.47
Jun-04 Average    5291.5
Jul-04 Average   1442.44
Aug-04 Average   1534.63
Sep-04 Average   1645.75
Oct-04 Average   1771.07
Nov-04 Average   2026.05
Dec-04 Average   2069.15
Jan-05 Average    1996.6
Feb-05 Average    2124.5
Mar-05 Average   2209.31
Apr-05 Average   2043.23
May-05 Average    2085.7
Jun-05 Average   2283.67
Jul-05 Average    2265.7
Aug-05 Average   2296.68
Sep-05 Average   2442.17
Oct-05 Average    2559.8
Nov-05 Average    2678.4
Dec-05 Average      2918
Jan-06 Average   2890.02
Feb-06 Average   2825.15
Mar-06 Average   2909.87
Apr-06 Average    3183.6
May-06 Average   3079.95
Jun-06 Average   2846.48
Jul-06 Average   2224.83
Aug-06 Average   1740.15
Sep-06 Average   1819.76
Oct-06 Average   2006.49
Nov-06 Average   2170.25
Dec-06 Average   2205.02
Jan-07 Average    2233.2
Feb-07 Average   2291.93
Mar-07 Average    2075.8
Apr-07 Average   2032.64
May-07 Average   1978.85
Jun-07 Average   1956.61
Jul-07 Average   1965.21
Aug-07 Average    1878.4
Sep-07 Average   1845.03
Oct-07 Average   1923.08
Nov-07 Average   1664.55
Dec-07 Average   1696.61
Jan-08 Average   1547.34
Feb-08 Average   1575.36
Mar-08 Average   1416.56
Grand Average    3785.52
Total Traded QuantityLacsPrice
          Turnover in
                    Close
                       2103.59
                       2358.74
                       2188.08
                       2479.12
                       2612.99
                       2420.03
                       2348.44
                       2391.63
                       2681.51
                       3862.23
                        3282.3
                       3043.26
                       2713.76
                       3137.42
                       3298.75
                       4411.92
                       5379.59
                       6511.82
                       7603.49
                       8311.93
                      10806.95
                      12610.77
                       9102.71
                      10576.68
                       8363.08
                       6942.35
                       8087.56
                        7705.3
                       7507.65
                       8041.27
                       7033.41
                       7556.18
                       6793.84
                        6253.2
                       6289.84
                       4647.09
                       3650.08
                        3968.7
                       3633.05
                       3641.02
                       3738.14
                       2889.69
                       2765.19
                       3273.17
                       4155.01
                       4060.91
                       3746.02
                       3920.82
                        3762.5
                       3713.22
                        3306.3
                       3219.53
3274.7
3537.41
3694.82
4244.14
4623.14
4529.47
4270.19
4194.22
3359.46
2825.65
 3010.8
3388.18
3628.07
4263.58
4577.78
4809.26
5195.58
5568.13
5275.43
5088.15
 5263.8
5116.47
 5291.5
1442.44
1534.63
1645.75
1771.07
2026.05
2069.15
 1996.6
 2124.5
2209.31
2043.23
 2085.7
2283.67
 2265.7
2296.68
2442.17
 2559.8
 2678.4
   2918
2890.02
2825.15
2909.87
 3183.6
3079.95
2846.48
2224.83
1740.15
1819.76
2006.49
2170.25
2205.02
2233.2
2291.93
 2075.8
2032.64
1978.85
1956.61
1965.21
 1878.4
1845.03
1923.08
1664.55
1696.61
1547.34
1575.36
1416.56
3785.52
Symbol   Series   Date          Prev CloseOpen PriceHigh Price Low Price Last Price Close Price
                  Grand Average                                                          32.85
                  Apr-98 Average                                                         20.85
MRPL     EQ              Apr-98     18.95     19.75       20.5     19.55      19.95      19.95
MRPL     EQ              Apr-98     19.95        20       20.3      19.5      19.55      19.65
MRPL     EQ              Apr-98     19.65        20      20.15      19.3      19.65       19.5
MRPL     EQ              Apr-98      19.5     19.75      19.95      19.4       19.5       19.5
MRPL     EQ              Apr-98      19.5     19.65      20.95     19.45      20.95       20.5
MRPL     EQ              Apr-98      20.5     21.25      21.95         21     21.85       21.8
MRPL     EQ              Apr-98      21.8        22       22.7     21.35      21.85         22
MRPL     EQ              Apr-98        22      22.2       22.2         21     21.75       21.5
MRPL     EQ              Apr-98      21.5      22.5      23.65     22.45      23.65      23.65
MRPL     EQ              Apr-98     23.65      25.9         26     22.65      22.65      22.95
MRPL     EQ              Apr-98     22.95     23.45      23.45      21.6       22.8       22.6
MRPL     EQ              Apr-98      22.6      22.3       22.7      21.5       21.5      21.55
MRPL     EQ              Apr-98     21.55      21.6       21.8         21      21.8      21.45
MRPL     EQ              Apr-98     21.45      22.9      23.25      21.2      21.25      21.35
MRPL     EQ              Apr-98     21.35     21.25      21.25     20.55       20.6       20.6
MRPL     EQ              Apr-98      20.6     20.05      20.75     19.25      19.95      20.05
MRPL     EQ              Apr-98     20.05        20       20.5     19.75          20      19.9
MRPL     EQ              Apr-98      19.9     19.15      19.75     19.15       19.3      19.35
MRPL     EQ              Apr-98     19.35        20       20.2      19.5      19.55      19.65
MRPL     EQ              Apr-98     19.65      19.2      19.55         19     19.55      19.45
                  May-98 Average                                                         18.63
MRPL     EQ              May-98     19.45     19.65       19.9      19.3       19.4       19.5
MRPL     EQ              May-98      19.5      19.6       19.8      19.4      19.55      19.55
MRPL     EQ              May-98     19.55     19.85      19.85      19.3       19.5      19.45
MRPL     EQ              May-98     19.45     19.75      19.75      19.1       19.4       19.4
MRPL     EQ              May-98      19.4      19.2       19.4     19.05       19.2       19.2
MRPL     EQ              May-98      19.2      19.1       19.1         18      18.5      18.55
MRPL     EQ              May-98     18.55     18.25      18.55     17.85          18     18.05
MRPL     EQ              May-98     18.05        18       18.5     17.55      18.25      18.35
MRPL     EQ              May-98     18.35      18.5       18.5     17.85          18        18
MRPL     EQ              May-98        18     18.25      18.35     17.95      18.05       18.1
MRPL     EQ              May-98      18.1     18.15       18.4         18      18.3      18.25
MRPL     EQ              May-98     18.25      18.3      19.55      18.3       19.5      19.35
MRPL     EQ              May-98     19.35      19.3         20     18.55       18.9      18.85
MRPL     EQ              May-98     18.85      19.4       19.4      18.4      18.65      18.65
MRPL     EQ              May-98     18.65      18.6       18.8      18.3       18.3       18.4
MRPL     EQ              May-98      18.4     18.45       18.5         18     18.05         18
MRPL     EQ              May-98        18     18.85       18.9     18.05      18.25       18.2
MRPL     EQ              May-98      18.2     18.35      18.55      18.1      18.15       18.2
MRPL     EQ              May-98      18.2     18.05       18.1      17.6          18     17.95
                  Jun-98 Average                                                         16.66
MRPL     EQ              Jun-98     17.95      18.4       19.7      18.4      18.95      18.65
MRPL     EQ              Jun-98     18.65        18       18.7      17.7      17.95      17.95
MRPL     EQ              Jun-98     17.95      18.4      18.45     17.65       17.8      17.95
MRPL     EQ              Jun-98     17.95     17.75      18.25      17.7      17.85      17.85
MRPL     EQ              Jun-98     17.85      17.6       17.8         17     17.25       17.2
MRPL     EQ              Jun-98      17.2      17.5       17.5      16.5      16.95      16.85
MRPL     EQ              Jun-98     16.85        17         17      16.5      16.95       16.7
MRPL     EQ              Jun-98      16.7     16.85       17.1      16.5       16.9      17.05
MRPL     EQ              Jun-98     17.05     16.75      16.95      16.5       16.7      16.65
MRPL   EQ           Jun-98    16.65    16.9      17    16.7   16.85    16.9
MRPL   EQ           Jun-98     16.9   16.95   16.95    16.2    16.4    16.5
MRPL   EQ           Jun-98     16.5   16.15   16.15    15.1    15.6   15.55
MRPL   EQ           Jun-98    15.55      16      17      16   16.85    16.8
MRPL   EQ           Jun-98     16.8      17    17.2   16.55   16.75    16.8
MRPL   EQ           Jun-98     16.8    16.5    16.5   15.85    16.2   16.05
MRPL   EQ           Jun-98    16.05   15.35   15.95      15   15.35   15.25
MRPL   EQ           Jun-98    15.25   15.25    15.7    15.1    15.4   15.35
MRPL   EQ           Jun-98    15.35    15.7    16.2   15.55    15.9      16
MRPL   EQ           Jun-98       16    16.4    16.5   16.05   16.25    16.3
MRPL   EQ           Jun-98     16.3    16.3    16.5      16    16.4   16.35
MRPL   EQ           Jun-98    16.35      16   16.25   15.55      16      16
MRPL   EQ           Jun-98       16      16   16.25    15.8      16    15.9
            Jul-98 Average                                            15.67
MRPL   EQ            Jul-98    15.9      16   16.25    15.9      16      16
MRPL   EQ            Jul-98      16      16    16.1   15.75   15.95    15.9
MRPL   EQ            Jul-98    15.9    15.8      16    15.3    15.5   15.45
MRPL   EQ            Jul-98   15.45    15.3    15.9   15.15   15.25   15.25
MRPL   EQ            Jul-98   15.25   15.35    15.8   15.25   15.75    15.7
MRPL   EQ            Jul-98    15.7      16      16    14.9      15      15
MRPL   EQ            Jul-98      15   15.45   15.45    14.9   14.95   14.95
MRPL   EQ            Jul-98   14.95   14.85    15.5   14.85    15.5   15.45
MRPL   EQ            Jul-98   15.45    15.3   15.55   15.05    15.5   15.45
MRPL   EQ            Jul-98   15.45    15.4    15.4    15.2    15.2   15.25
MRPL   EQ            Jul-98   15.25    16.4    17.4      16   16.35    16.4
MRPL   EQ            Jul-98    16.4   16.35      17   16.35    16.9    16.9
MRPL   EQ            Jul-98    16.9      17      17    16.5   16.55    16.7
MRPL   EQ            Jul-98    16.7    16.2   16.45      16      16      16
MRPL   EQ            Jul-98      16   15.95    16.6    15.4    16.5    16.5
MRPL   EQ            Jul-98    16.5   16.15   16.55   15.65      16    15.9
MRPL   EQ            Jul-98    15.9    15.8    15.9    15.5    15.5   15.55
MRPL   EQ            Jul-98   15.55   15.95   15.95   15.25    15.7    15.5
MRPL   EQ            Jul-98    15.5    15.5    15.7    15.2    15.6   15.55
MRPL   EQ            Jul-98   15.55    15.3    15.5   15.05    15.1   15.25
MRPL   EQ            Jul-98   15.25   15.35    15.5    14.9    15.2   15.25
MRPL   EQ            Jul-98   15.25    15.2    15.7   15.15    15.5    15.4
MRPL   EQ            Jul-98    15.4    15.1    15.3      15   15.25   15.15
            Aug-98 Average                                            15.51
MRPL   EQ          Aug-98     15.15   15.45   15.45    14.5    14.7   14.75
MRPL   EQ          Aug-98     14.75    14.5    14.8   14.05    14.2    14.3
MRPL   EQ          Aug-98      14.3    14.8   15.95    14.8    15.9   15.75
MRPL   EQ          Aug-98     15.75   15.95   16.25    15.7   15.85   15.95
MRPL   EQ          Aug-98     15.95      16      16    15.8   15.85    15.9
MRPL   EQ          Aug-98      15.9    15.7   15.85    15.5    15.6    15.6
MRPL   EQ          Aug-98      15.6    15.5   15.75   15.35    15.5   15.45
MRPL   EQ          Aug-98     15.45   15.25   15.65   15.25    15.5   15.55
MRPL   EQ          Aug-98     15.55    15.3   15.75    15.3    15.7   15.65
MRPL   EQ          Aug-98     15.65    15.5   15.85    15.5    15.5    15.5
MRPL   EQ          Aug-98      15.5   15.85   15.85   15.15    15.3    15.2
MRPL   EQ          Aug-98      15.2    15.1    15.4    15.1   15.25   15.25
MRPL   EQ          Aug-98     15.25    15.3   15.45   15.25   15.35    15.3
MRPL   EQ          Aug-98      15.3    15.5   15.75   15.35    15.7   15.65
MRPL   EQ          Aug-98     15.65    15.8    15.8    15.5   15.65    15.6
MRPL   EQ          Aug-98     15.6    15.5   15.65    15.4    15.6   15.55
MRPL   EQ          Aug-98    15.55    15.6   16.25    15.5    16.1   16.05
MRPL   EQ          Aug-98    16.05   15.75   16.45    15.5    15.9   15.95
MRPL   EQ          Aug-98    15.95   15.65    15.9    15.6    15.7   15.75
MRPL   EQ          Aug-98    15.75   15.95      16    15.5    15.6   15.55
            Sep-98 Average                                           15.08
MRPL   EQ          Sep-98    15.55    15.5    15.7   15.05   15.05   15.15
MRPL   EQ          Sep-98    15.15    15.2   15.35      15   15.35    15.3
MRPL   EQ          Sep-98     15.3   15.25    15.4      15    15.2   15.15
MRPL   EQ          Sep-98    15.15   15.15   15.25      15   15.05   15.15
MRPL   EQ          Sep-98    15.15      15   15.25    14.9    14.9   14.95
MRPL   EQ          Sep-98    14.95    14.9    15.2   14.85   15.05   15.15
MRPL   EQ          Sep-98    15.15   15.45   15.95   15.05    15.4    15.5
MRPL   EQ          Sep-98     15.5    15.4   15.65   15.35    15.5    15.5
MRPL   EQ          Sep-98     15.5    15.4    15.6    15.3    15.4   15.35
MRPL   EQ          Sep-98    15.35   15.15    15.5    15.1   15.45    15.4
MRPL   EQ          Sep-98     15.4    15.5    15.6   15.05    15.3    15.2
MRPL   EQ          Sep-98     15.2   15.15    15.4    15.1    15.1    15.2
MRPL   EQ          Sep-98     15.2   15.05   15.25      15   15.15   15.15
MRPL   EQ          Sep-98    15.15   14.95    15.2   14.95   15.15   15.15
MRPL   EQ          Sep-98    15.15    15.1   16.85    14.9   14.95   14.95
MRPL   EQ          Sep-98    14.95      15    15.4   14.95      15   15.05
MRPL   EQ          Sep-98    15.05    15.1    15.2      15   15.05   15.05
MRPL   EQ          Sep-98    15.05   15.15    15.5   15.05    15.1    15.1
MRPL   EQ          Sep-98     15.1   15.05    15.2   14.95      15   14.95
MRPL   EQ          Sep-98    14.95      15   15.15   14.75    14.8    14.8
MRPL   EQ          Sep-98     14.8    14.8      15   14.15   14.15   14.25
MRPL   EQ          Sep-98    14.25    14.3    14.5    14.1   14.15   14.25
            Oct-98 Average                                           13.44
MRPL   EQ          Oct-98    14.25      14      14      13   13.15   13.05
MRPL   EQ          Oct-98    13.05   13.95      14   12.95      13   13.05
MRPL   EQ          Oct-98    13.05    13.2    13.7   13.15   13.25   13.25
MRPL   EQ          Oct-98    13.25   13.45   13.45      13      13   13.05
MRPL   EQ          Oct-98    13.05    13.2   13.45      13   13.25   13.25
MRPL   EQ          Oct-98    13.25    13.5    13.5      13   13.05    13.1
MRPL   EQ          Oct-98     13.1   13.05   13.15    12.9    12.9   12.95
MRPL   EQ          Oct-98    12.95   13.35    13.5   13.05    13.5   13.45
MRPL   EQ          Oct-98    13.45   13.25    13.7   13.25    13.5    13.4
MRPL   EQ          Oct-98     13.4   13.25   13.65    13.1    13.5   13.45
MRPL   EQ          Oct-98    13.45    15.6    15.6   13.15    13.3    13.2
MRPL   EQ          Oct-98     13.2   13.05   13.25    12.8    12.9   12.95
MRPL   EQ          Oct-98    12.95   13.35    13.4    12.5   13.15    13.1
MRPL   EQ          Oct-98     13.1      13    13.5      13    13.5    13.4
MRPL   EQ          Oct-98     13.4   13.65   14.75   13.65   14.45   14.45
MRPL   EQ          Oct-98    14.45    14.5    14.6      14   14.25   14.15
MRPL   EQ          Oct-98    14.15    14.1   14.45    14.1   14.15    14.2
MRPL   EQ          Oct-98     14.2   13.75      14    13.6    13.8   13.85
MRPL   EQ          Oct-98    13.85   13.75    13.9    13.6   13.85   13.75
MRPL   EQ          Oct-98    13.75    13.5    13.7    13.5    13.7    13.7
            Nov-98 Average                                           13.28
MRPL   EQ          Nov-98     13.7    13.5    13.7    13.5    13.5    13.5
MRPL   EQ          Nov-98     13.5   13.45    13.5   13.05    13.1    13.1
MRPL   EQ          Nov-98     13.1   13.05   13.45   13.05    13.3    13.3
MRPL   EQ          Nov-98     13.3    14.5    14.5   13.15    13.5   13.45
MRPL   EQ          Nov-98    13.45    13.6   13.65   13.35   13.45   13.45
MRPL   EQ          Nov-98    13.45    13.3   13.65    13.3   13.65   13.65
MRPL   EQ          Nov-98    13.65    13.7      14    13.6    13.9   13.85
MRPL   EQ          Nov-98    13.85   13.75   13.75    13.1    13.4   13.25
MRPL   EQ          Nov-98    13.25    13.5   13.75    13.3   13.45    13.5
MRPL   EQ          Nov-98     13.5   13.05    13.4   13.05   13.25    13.2
MRPL   EQ          Nov-98     13.2   13.25    13.5   13.25   13.35    13.4
MRPL   EQ          Nov-98     13.4   13.65    13.8   13.25    13.5    13.5
MRPL   EQ          Nov-98     13.5    13.5    13.6   13.35    13.5    13.5
MRPL   EQ          Nov-98     13.5   13.45    13.5   13.25    13.4    13.4
MRPL   EQ          Nov-98     13.4   13.25   13.35   13.25   13.25   13.25
MRPL   EQ          Nov-98    13.25    13.3    13.3   13.05   13.15   13.15
MRPL   EQ          Nov-98    13.15   13.05   13.15    12.9      13      13
MRPL   EQ          Nov-98       13   12.75      13   12.75   12.85   12.85
MRPL   EQ          Nov-98    12.85   12.85   12.95   12.75    12.8    12.8
MRPL   EQ          Nov-98     12.8   12.75      13   12.75   12.75   12.75
MRPL   EQ          Nov-98    12.75    12.8    13.1    12.8    13.1    13.1
            Dec-98 Average                                           12.53
MRPL   EQ          Dec-98     13.1    12.9    13.1    12.8      13      13
MRPL   EQ          Dec-98       13    12.8   12.95    12.6   12.85   12.85
MRPL   EQ          Dec-98    12.85   12.75    12.9   12.65   12.85   12.85
MRPL   EQ          Dec-98    12.85    12.8   13.05    12.8   12.85   12.85
MRPL   EQ          Dec-98    12.85   13.05   13.05    12.7   12.95   12.95
MRPL   EQ          Dec-98    12.95   12.85   12.95    12.5    12.6    12.6
MRPL   EQ          Dec-98     12.6    12.9    12.9   12.75   12.85   12.85
MRPL   EQ          Dec-98    12.85   12.75    12.9    12.6    12.7    12.7
MRPL   EQ          Dec-98     12.7    12.7   12.75    12.1   12.15   12.15
MRPL   EQ          Dec-98    12.15   12.25   12.65   11.95   12.05   12.05
MRPL   EQ          Dec-98    12.05    12.1   12.15    11.9    12.1    12.1
MRPL   EQ          Dec-98     12.1    12.2   12.25      12   12.05   12.05
MRPL   EQ          Dec-98    12.05      12    12.2    11.6    11.9    11.9
MRPL   EQ          Dec-98     11.9    12.1    12.1    11.8    11.9    11.9
MRPL   EQ          Dec-98     11.9    11.9    12.3    11.9   12.05   12.05
MRPL   EQ          Dec-98    12.05      12   12.25      12   12.25   12.25
MRPL   EQ          Dec-98    12.25    12.5    13.1    12.5   12.55   12.55
MRPL   EQ          Dec-98    12.55   12.75    12.8    12.5   12.65   12.65
MRPL   EQ          Dec-98    12.65   12.85      13   12.65   12.75   12.75
MRPL   EQ          Dec-98    12.75   12.65    12.9   12.55   12.75   12.75
MRPL   EQ          Dec-98    12.75    13.2   13.25   12.85      13      13
MRPL   EQ          Dec-98       13   13.25    13.3    12.8   12.85   12.85
            Jan-99 Average                                           13.16
MRPL   EQ          Jan-99    12.85    12.9      13    12.8      13      13
MRPL   EQ          Jan-99       13      13   13.65      13   13.25   13.25
MRPL   EQ          Jan-99    13.25   13.25    13.4    12.8   13.15   13.15
MRPL   EQ          Jan-99    13.15    13.1   13.65    13.1    13.3    13.3
MRPL   EQ          Jan-99     13.3    13.5    13.6    13.2   13.45   13.45
MRPL   EQ          Jan-99    13.45    13.5      14    13.4      14      14
MRPL   EQ          Jan-99       14   14.05   14.65    13.7    13.9    13.9
MRPL   EQ          Jan-99     13.9   13.75   13.95    13.5    13.6    13.6
MRPL   EQ          Jan-99     13.6   13.75    13.9    13.6   13.65   13.65
MRPL   EQ          Jan-99    13.65   13.55   13.65   13.25    13.5    13.5
MRPL   EQ          Jan-99     13.5    13.1   13.45   13.05   13.15   13.15
MRPL   EQ          Jan-99    13.15    12.6   13.05    12.6    12.7    12.7
MRPL   EQ          Jan-99     12.7   12.65    12.8    12.5    12.6    12.6
MRPL   EQ          Jan-99     12.6    13.1    13.1   12.55      13      13
MRPL   EQ          Jan-99       13    12.6   13.15   12.55      13      13
MRPL   EQ          Jan-99       13    12.6   12.85   12.45   12.55   12.55
MRPL   EQ          Jan-99    12.55      13    13.1    12.5   12.85   12.85
MRPL   EQ          Jan-99    12.85    12.5      13    12.3   12.75   12.75
MRPL   EQ          Jan-99    12.75      13    13.2    12.5    12.6    12.6
            Feb-99 Average                                           11.96
MRPL   EQ          Feb-99     12.6   12.35   12.95   12.05    12.1    12.1
MRPL   EQ          Feb-99     12.1    11.9    12.4    11.9      12      12
MRPL   EQ          Feb-99       12    12.4    12.5      12   12.05   12.05
MRPL   EQ          Feb-99    12.05   12.25    12.5      12    12.1    12.1
MRPL   EQ          Feb-99     12.1   12.25   12.25    11.9    12.1    12.1
MRPL   EQ          Feb-99     12.1   11.75      12    11.5   11.55   11.55
MRPL   EQ          Feb-99    11.55    11.5   11.75   11.25    11.4    11.4
MRPL   EQ          Feb-99     11.4    11.4    14.2   11.35   12.55   12.55
MRPL   EQ          Feb-99    12.55   13.75   13.75    11.8   11.95   11.95
MRPL   EQ          Feb-99    11.95   11.75   12.05   11.75   12.05   12.05
MRPL   EQ          Feb-99    12.05      12      12    11.3    11.4    11.4
MRPL   EQ          Feb-99     11.4   11.45   11.65   11.15    11.3    11.3
MRPL   EQ          Feb-99     11.3    11.3      12   11.15   11.35   11.35
MRPL   EQ          Feb-99    11.35   11.55      12    11.1   11.75   11.75
MRPL   EQ          Feb-99    11.75   11.75      12    11.5    11.7    11.7
MRPL   EQ          Feb-99     11.7      12      12    11.5   11.85   11.85
MRPL   EQ          Feb-99    11.85      12      12    11.3    11.3    11.3
MRPL   EQ          Feb-99     11.3   11.55    12.1   11.55    12.1    12.1
MRPL   EQ          Feb-99     12.1   12.35    12.5    11.8    11.9    11.9
MRPL   EQ          Feb-99     11.9   12.15   13.85   12.15   13.85   13.85
MRPL   EQ          Feb-99    13.85    14.2    14.9    12.7   12.75   12.75
            Mar-99 Average                                           10.99
MRPL   EQ          Mar-99    12.75    12.3   12.95    11.7    12.2    12.2
MRPL   EQ          Mar-99     12.2   12.35   12.65    11.5    11.8    11.8
MRPL   EQ          Mar-99     11.8    12.5    12.5   11.55    11.6    11.6
MRPL   EQ          Mar-99     11.6   11.65    11.9   11.45    11.5    11.5
MRPL   EQ          Mar-99     11.5    12.1    12.1      11    11.5    11.5
MRPL   EQ          Mar-99     11.5    11.6   11.75   11.15    11.2    11.2
MRPL   EQ          Mar-99     11.2   11.25      12   11.25   11.55   11.55
MRPL   EQ          Mar-99    11.55   11.25   11.45   11.05   11.15   11.15
MRPL   EQ          Mar-99    11.15   11.15    11.3   11.05    11.2    11.2
MRPL   EQ          Mar-99     11.2      11    11.2   10.75   10.75   10.75
MRPL   EQ          Mar-99    10.75   10.75   10.75      10      10      10
MRPL   EQ          Mar-99       10   10.15   10.55    10.1    10.4    10.4
MRPL   EQ          Mar-99     10.4   10.25   10.85   10.25    10.6    10.6
MRPL   EQ          Mar-99     10.6    10.8      11    10.5   10.65   10.65
MRPL   EQ          Mar-99    10.65    10.7    10.7   10.25   10.45   10.45
MRPL   EQ          Mar-99    10.45   10.25    10.7   10.25   10.45   10.45
MRPL   EQ          Mar-99    10.45    11.7    11.7    10.5   10.85   10.85
MRPL   EQ          Mar-99    10.85    11.2   11.75    11.1    11.4    11.4
MRPL   EQ          Mar-99     11.4    11.1    11.4    10.9   11.15   11.15
MRPL   EQ          Mar-99    11.15   10.85    11.2    10.7    10.9    10.9
MRPL   EQ          Mar-99     10.9   10.75   10.75      10      10      10
MRPL   EQ          Mar-99       10   10.05   10.75   10.05    10.4    10.4
Apr-99 Average                                            9.93
MRPL   EQ          Apr-99     10.4    10.5    10.7    10.3    10.7    10.7
MRPL   EQ          Apr-99     10.7    10.5    10.5   10.15    10.2    10.2
MRPL   EQ          Apr-99     10.2    10.1   10.45     9.6    10.1    10.1
MRPL   EQ          Apr-99     10.1   10.35   10.45   10.05   10.25   10.25
MRPL   EQ          Apr-99    10.25    10.3    10.3      10      10      10
MRPL   EQ          Apr-99       10     9.8   10.25     9.8    10.1    10.1
MRPL   EQ          Apr-99     10.1      10      10    9.75     9.8     9.8
MRPL   EQ          Apr-99      9.8    9.65      10    9.55    9.75    9.75
MRPL   EQ          Apr-99     9.75    10.3    10.3     9.7     9.9     9.9
MRPL   EQ          Apr-99      9.9    9.95    11.1     9.9   10.75   10.75
MRPL   EQ          Apr-99    10.75   10.75    11.2     9.5     9.9     9.9
MRPL   EQ          Apr-99      9.9    9.35      10    9.35     9.9     9.9
MRPL   EQ          Apr-99      9.9      10      10     9.7    9.85    9.85
MRPL   EQ          Apr-99     9.85      10      10    9.55    9.85    9.85
MRPL   EQ          Apr-99     9.85     9.6     9.9     9.6     9.8     9.8
MRPL   EQ          Apr-99      9.8     9.8      10     9.6    9.85    9.85
MRPL   EQ          Apr-99     9.85       9    9.25    8.85       9       9
MRPL   EQ          Apr-99        9     9.8     9.8     8.9    9.45    9.45
MRPL   EQ          Apr-99     9.45     9.5     9.7    9.15     9.5     9.5
MRPL   EQ          Apr-99      9.5     9.6    10.1     9.6     9.9     9.9
            May-99 Average                                           10.99
MRPL   EQ          May-99      9.9     9.5      10     9.5    9.55    9.55
MRPL   EQ          May-99     9.55      10    10.2     9.8   10.15   10.15
MRPL   EQ          May-99    10.15    10.5    10.5      10    10.1    10.1
MRPL   EQ          May-99     10.1    9.75   10.15    9.75   10.05   10.05
MRPL   EQ          May-99    10.05   10.05   10.25     9.8      10      10
MRPL   EQ          May-99       10    9.95    10.2    9.85   10.15   10.15
MRPL   EQ          May-99    10.15   10.25    10.9    10.1    10.3    10.3
MRPL   EQ          May-99     10.3    10.9      11   10.05   10.15   10.15
MRPL   EQ          May-99    10.15    10.1   10.25     9.9    10.1    10.1
MRPL   EQ          May-99     10.1    10.4   10.75      10    10.1    10.1
MRPL   EQ          May-99     10.1      10    10.5     9.8   10.05   10.05
MRPL   EQ          May-99    10.05    10.1    10.4      10    10.3    10.3
MRPL   EQ          May-99     10.3   10.55    12.9   10.55    12.9    12.9
MRPL   EQ          May-99     12.9   14.45      15   13.05   13.25   13.25
MRPL   EQ          May-99    13.25      13      13   11.75   11.85   11.85
MRPL   EQ          May-99    11.85    11.6    11.9    10.8   11.25   11.25
MRPL   EQ          May-99    11.25   10.95   11.45   10.55    11.1    11.1
MRPL   EQ          May-99     11.1    13.9    13.9    12.4   12.85   12.85
MRPL   EQ          May-99    12.85      12   12.85    11.9    12.1    12.1
MRPL   EQ          May-99     12.1    11.6   12.35    11.6      12      12
MRPL   EQ          May-99       12    12.2   12.75    12.2    12.5    12.5
            Jun-99 Average                                           17.84
MRPL   EQ          Jun-99     12.5    12.9    12.9    12.2    12.9    12.9
MRPL   EQ          Jun-99     12.9    12.5    12.5      12    12.2    12.2
MRPL   EQ          Jun-99     12.2   12.05    12.9   12.05    12.9    12.9
MRPL   EQ          Jun-99     12.9    12.9   14.55    12.6   14.05   14.05
MRPL   EQ          Jun-99    14.05    14.1    17.6   13.75    17.6    17.6
MRPL   EQ          Jun-99     17.6    18.9      22    18.8      22      22
MRPL   EQ          Jun-99       22      22      22   20.25   20.25   20.25
MRPL   EQ          Jun-99    20.25   19.15    19.8   18.65   18.65   18.65
MRPL   EQ          Jun-99    18.65      19      19    16.7    17.5   17.25
MRPL   EQ           Jun-99    17.25      16    17.5      14   16.75    17.2
MRPL   EQ           Jun-99     17.2      17      18   16.95      17   17.25
MRPL   EQ           Jun-99    17.25      18   18.45   16.25   18.25    18.2
MRPL   EQ           Jun-99     18.2    18.5      19    18.1   18.35    18.3
MRPL   EQ           Jun-99     18.3    18.4   18.45   17.05   17.85   17.85
MRPL   EQ           Jun-99    17.85   17.45   18.95    17.4    18.9    18.7
MRPL   EQ           Jun-99     18.7   19.25    20.7    18.9   20.25   20.45
MRPL   EQ           Jun-99    20.45    20.9    20.9   19.55   19.75   19.75
MRPL   EQ           Jun-99    19.75    19.2    20.2    19.1    19.7   19.75
MRPL   EQ           Jun-99    19.75   19.65   19.95   18.75    19.4    19.2
MRPL   EQ           Jun-99     19.2    19.8      20    19.4    19.6   19.55
MRPL   EQ           Jun-99    19.55      20      20   19.25   19.65   19.55
MRPL   EQ           Jun-99    19.55    18.9    19.3    18.7    18.9   18.95
            Jul-99 Average                                            19.33
MRPL   EQ            Jul-99   18.95    18.1    19.1    18.1    18.5   18.55
MRPL   EQ            Jul-99   18.55    18.9   18.95   18.55   18.55   18.65
MRPL   EQ            Jul-99   18.65      19    19.8   18.85   19.35   19.15
MRPL   EQ            Jul-99   19.15    19.1    19.4    18.8    18.8   18.95
MRPL   EQ            Jul-99   18.95    19.4    19.4      19    19.1    19.2
MRPL   EQ            Jul-99    19.2    19.3    19.3   18.75      19    18.8
MRPL   EQ            Jul-99    18.8   19.15   19.15    18.7   18.75   18.85
MRPL   EQ            Jul-99   18.85      19   19.75      19    19.5    19.6
MRPL   EQ            Jul-99    19.6    19.6    20.3    19.4   19.75    19.6
MRPL   EQ            Jul-99    19.6    20.7    20.7   19.55   19.85    19.9
MRPL   EQ            Jul-99    19.9   20.25   21.15   19.55   19.75    19.8
MRPL   EQ            Jul-99    19.8    16.4   19.95    16.4    19.1    19.2
MRPL   EQ            Jul-99    19.2   20.25   22.25    19.9   21.75   21.55
MRPL   EQ            Jul-99   21.55    22.5    22.5   21.05   21.25   21.25
MRPL   EQ            Jul-99   21.25    21.4    21.9    20.7    20.9      21
MRPL   EQ            Jul-99      21    21.5    21.5   20.15    20.2   20.25
MRPL   EQ            Jul-99   20.25   20.15   20.65   19.75      20   19.95
MRPL   EQ            Jul-99   19.95    20.6    20.6   19.45   19.75    19.6
MRPL   EQ            Jul-99    19.6   19.85    20.5   16.95    17.9   17.45
MRPL   EQ            Jul-99   17.45      18      19    17.7   18.55   18.85
MRPL   EQ            Jul-99   18.85    17.5    19.5    17.5    17.8   17.65
MRPL   EQ            Jul-99   17.65      18      18   17.25    17.4    17.4
            Aug-99 Average                                            20.49
MRPL   EQ          Aug-99      17.4      17      17    15.5   16.35   16.25
MRPL   EQ          Aug-99     16.25    16.4      18      16   17.75   17.55
MRPL   EQ          Aug-99     17.55    17.5   18.25   17.25    17.4   17.45
MRPL   EQ          Aug-99     17.45   17.25    18.1   17.25    17.5   17.35
MRPL   EQ          Aug-99     17.35    17.5   17.55   17.25    17.5   17.45
MRPL   EQ          Aug-99     17.45   17.25   17.65    17.1   17.25    17.2
MRPL   EQ          Aug-99      17.2    17.3   17.65    17.1   17.25   17.15
MRPL   EQ          Aug-99     17.15    17.9    18.9    17.3    18.2    18.1
MRPL   EQ          Aug-99      18.1   19.25   19.25    17.4    17.4    17.5
MRPL   EQ          Aug-99      17.5      18      18    17.5      18   17.95
MRPL   EQ          Aug-99     17.95   18.25   19.25   18.25    18.8   18.85
MRPL   EQ          Aug-99     18.85   18.85      20   18.85      20   19.85
MRPL   EQ          Aug-99     19.85   20.85      23    20.4   22.35   22.15
MRPL   EQ          Aug-99     22.15    22.8    23.9    21.5    21.7   21.65
MRPL   EQ          Aug-99     21.65   22.95    23.4    21.6    23.4    23.4
MRPL   EQ          Aug-99      23.4   23.75    25.3   23.75    25.3    25.3
MRPL   EQ          Aug-99     25.3   26.95   27.35    25.8   27.35   27.35
MRPL   EQ          Aug-99    27.35    29.4    29.4    25.2    25.2    25.2
MRPL   EQ          Aug-99     25.2   26.75   26.75   24.75    24.8      25
MRPL   EQ          Aug-99       25    25.2    26.2    23.6    24.2    23.9
MRPL   EQ          Aug-99     23.9   23.55      24      22      22      22
MRPL   EQ          Aug-99       22   21.85    22.5    20.6   21.95   22.25
            Sep-99 Average                                           21.19
MRPL   EQ          Sep-99    22.25    22.9    22.9   20.75   21.75   21.55
MRPL   EQ          Sep-99    21.55      21    21.4    20.5    20.9   20.95
MRPL   EQ          Sep-99    20.95    19.7   21.45    19.7    20.4    20.4
MRPL   EQ          Sep-99     20.4   21.95   21.95   20.25      21   21.05
MRPL   EQ          Sep-99    21.05   21.45    21.5    20.8    21.4    21.3
MRPL   EQ          Sep-99     21.3   22.35   22.75   21.75      22    21.9
MRPL   EQ          Sep-99     21.9      22    22.2    21.4   21.95   21.95
MRPL   EQ          Sep-99    21.95      22      22   20.95    21.8   21.65
MRPL   EQ          Sep-99    21.65    21.5    21.7    20.5    20.6    20.6
MRPL   EQ          Sep-99     20.6   20.75   21.55    20.6    20.6    20.8
MRPL   EQ          Sep-99     20.8    20.8    21.1    20.1    20.6    20.5
MRPL   EQ          Sep-99     20.5   20.15      21    19.5   20.25   20.35
MRPL   EQ          Sep-99    20.35   20.75    20.8   20.05    20.1   20.15
MRPL   EQ          Sep-99    20.15    20.8    21.8    20.8    21.8    21.8
MRPL   EQ          Sep-99     21.8    23.5   23.55    22.5    22.9    22.7
MRPL   EQ          Sep-99     22.7    23.5    24.5    21.5    21.5   21.75
MRPL   EQ          Sep-99    21.75      22   22.45    21.2   21.35   21.35
MRPL   EQ          Sep-99    21.35    21.9      22      21   21.45   21.25
MRPL   EQ          Sep-99    21.25    21.7   21.75    20.1    20.3   20.35
MRPL   EQ          Sep-99    20.35      21   21.45    20.5   21.45    21.3
MRPL   EQ          Sep-99     21.3    21.5   22.95   21.05    21.4    21.4
            Oct-99 Average                                           20.52
MRPL   EQ          Oct-99     21.4    20.7   21.45    20.7   21.35   21.25
MRPL   EQ          Oct-99    21.25      21    21.4   20.65   20.75    20.8
MRPL   EQ          Oct-99     20.8    20.7    20.9    20.3    20.9   20.55
MRPL   EQ          Oct-99    20.55   21.25    22.2   21.25    21.8    21.8
MRPL   EQ          Oct-99     21.8    22.2   22.95   21.75      22   21.95
MRPL   EQ          Oct-99    21.95    22.5    22.5    21.5      22   21.85
MRPL   EQ          Oct-99    21.85    22.2    22.5   21.25    21.9    21.8
MRPL   EQ          Oct-99     21.8      22      22   21.25    21.7    21.5
MRPL   EQ          Oct-99     21.5    21.5      22    21.3    21.8    21.9
MRPL   EQ          Oct-99     21.9    22.3    22.5   21.55   21.55    21.6
MRPL   EQ          Oct-99     21.6    21.6    21.6    20.3   20.35   20.45
MRPL   EQ          Oct-99    20.45   20.65    21.2      20    20.9    20.7
MRPL   EQ          Oct-99     20.7    21.5    21.7      21   21.25   21.25
MRPL   EQ          Oct-99    21.25    21.5   21.65    20.6    20.8   21.05
MRPL   EQ          Oct-99    21.05   20.55   20.55    19.4    19.6    19.4
MRPL   EQ          Oct-99     19.4   18.85   19.75    18.6   19.65    19.6
MRPL   EQ          Oct-99     19.6      19    19.6    18.5    18.9    18.9
MRPL   EQ          Oct-99     18.9    18.7    19.5    18.5    19.5   19.05
MRPL   EQ          Oct-99    19.05    19.4    19.6   18.75      19      19
MRPL   EQ          Oct-99       19    18.6      19    18.4    18.6   18.55
MRPL   EQ          Oct-99    18.55    18.5    18.5    17.5    18.1   18.05
            Nov-99 Average                                           17.25
MRPL   EQ          Nov-99    18.05   18.65   18.65   16.55   16.75   16.75
MRPL   EQ          Nov-99    16.75   16.55   17.85   15.35   17.55    17.6
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Pm

  • 1. ► 5 Stocks Selected Infosys MRPL Tata Steel Tata Motors Karnataka Bank ► Total Data collected from NSE web site for the peroid 1st April 1998 to 31st March 2008 ► Since the data for MRPL was dicontinued for the finnacial year 2000-2001, the total data used is for 60 months after June 2001 f ► Nifty Index has been used to calculate market return ► Monthly Averages has been used to calculate return for one period. ► Model one is Harry Markowitz model and the calculation is done using Matrix. ► Equal weights have been assigned for calculation. ► Model 2 is market model.
  • 2. Market Model Portfolio Return Xi ri Xi * ri Stock Weights Security Return Contribution Infosys 20% -0.06% -0.01% MRPL 20% 4.24% 0.85% Tata Steel 20% 2.99% 0.60% Tata Motors 20% 3.24% 0.65% Karnataka Bank 20% 2.91% 0.58% Total 100% 2.66% Portfolio Risk Xi β ri δ²i δ²I Stock Weights Beta Expected Return Variance of Stock Variance of Market Infosys 20% 0.653 -0.06% 0.01 0.00351 MRPL 20% 1.439 4.24% 0.03 0.00351 Tata Steel 20% 1.232 2.99% 0.01 0.00351 Tata Motors 20% 1.018 3.24% 0.01 0.00351 Karnataka Bank 20% 0.945 2.91% 0.03 0.00351 Systhematic Risk 1.12 Unique Risk 0.26% Portfoilo Risk 0.65%
  • 3. Xi * β X²i δ²I X²i * δ² Xi * βiI Randam Err Variance 0.13 4.00% 1.32% 0.05% 0.29 4.00% 1.91% 0.08% 0.25 4.00% 0.50% 0.02% 0.2 4.00% 0.44% 0.02% 0.19 4.00% 2.23% 0.09% 1.06 0.26%
  • 4. INFOSYS MRPL Y X Y^ Y-Y^ Y Stock Return Market Return Random Err Expected Return Stock Return Aug-01 Average 2.67% -0.83% -0.02 4.61% 2.67% -6.21% Sep-01 Average -22.70% -11.19% -0.09 -13.99% -22.70% 0.66% Oct-01 Average -4.31% 0.47% -0.01 -3.22% -4.31% 7.33% Nov-01 Average 18.37% 8.14% 0.04 14.45% 18.37% 12.16% Dec-01 Average 26.94% 4.29% 0.01 25.54% 26.94% 1.89% Jan-02 Average -2.26% 1.05% -0.01 -1.55% -2.26% -9.47% Feb-02 Average -7.75% 4.69% 0.02 -9.42% -7.75% 14.37% Mar-02 Average 4.67% 1.86% 0.00 4.85% 4.67% 11.90% Apr-02 Average -4.04% -3.33% -0.04 -0.46% -4.04% -10.67% May-02 Average -1.31% -3.65% -0.04 2.48% -1.31% -1.35% Jun-02 Average -10.96% -1.29% -0.02 -8.72% -10.96% 31.19% Jul-02 Average -2.62% -2.93% -0.03 0.69% -2.62% -1.15% Aug-02 Average 1.71% -5.52% -0.05 6.72% 1.71% -18.76% Sep-02 Average 8.02% 0.97% -0.01 8.79% 8.02% -6.65% Oct-02 Average 4.45% -3.24% -0.04 7.97% 4.45% -4.83% Nov-02 Average 14.87% 3.89% 0.01 13.73% 14.87% 0.38% Dec-02 Average 8.93% 8.24% 0.04 4.95% 8.93% 4.08% Jan-03 Average -2.03% -0.05% -0.01 -0.59% -2.03% -1.43% Feb-03 Average -5.72% -1.64% -0.02 -3.25% -5.72% 10.88% Mar-03 Average -1.78% -3.74% -0.04 2.06% -1.78% 3.35% Apr-03 Average -19.90% -5.05% -0.05 -15.21% -19.90% 8.91% May-03 Average -15.89% -0.19% -0.02 -14.36% -15.89% 58.06% Jun-03 Average 6.55% 10.94% 0.06 0.81% 6.55% 52.73% Jul-03 Average 12.53% 7.62% 0.04 8.96% 12.53% -0.29% Aug-03 Average 7.08% 9.66% 0.05 2.17% 7.08% 48.36% Sep-03 Average 17.52% 8.56% 0.04 13.33% 17.52% 13.83% Oct-03 Average 7.37% 10.01% 0.05 2.23% 7.37% -2.28% Nov-03 Average 5.06% 4.91% 0.02 3.25% 5.06% 20.70% Dec-03 Average 8.03% 10.13% 0.05 2.82% 8.03% 11.37% Jan-04 Average 7.17% 9.54% 0.05 2.34% 7.17% 19.28% Feb-04 Average -5.26% -3.01% -0.03 -1.89% -5.26% -4.73% Mar-04 Average -3.55% -3.73% -0.04 0.29% -3.55% -2.86% Apr-04 Average 3.45% 3.87% 0.01 2.33% 3.45% 7.19% May-04 Average -2.80% -11.27% -0.09 5.96% -2.80% -13.41% Jun-04 Average 3.42% -8.17% -0.07 10.16% 3.42% -20.07% Jul-04 Average -72.74% 4.11% 0.01 -74.03% -72.74% 4.36% Aug-04 Average 6.39% 3.01% 0.01 5.83% 6.39% 3.03% Sep-04 Average 7.24% 4.75% 0.02 5.54% 7.24% 3.16% Oct-04 Average 7.61% 6.09% 0.03 5.04% 7.61% 2.55% Nov-04 Average 14.40% 4.40% 0.01 12.92% 14.40% -1.08% Dec-04 Average 2.13% 7.90% 0.04 -1.63% 2.13% 12.25% Jan-05 Average -3.51% -2.18% -0.03 -0.68% -3.51% 0.62% Feb-05 Average 6.41% 4.53% 0.02 4.85% 6.41% 1.55% Mar-05 Average 3.99% 1.40% 0.00 4.48% 3.99% -4.48% Apr-05 Average -7.52% -5.21% -0.05 -2.72% -7.52% -4.58% May-05 Average 2.08% 0.76% -0.01 2.98% 2.08% -0.52% Jun-05 Average 9.49% 6.59% 0.03 6.59% 9.49% 1.68% Jul-05 Average -0.79% 4.80% 0.02 -2.52% -0.79% -1.57% Aug-05 Average 1.37% 5.40% 0.02 -0.76% 1.37% 10.47% Sep-05 Average 6.33% 6.54% 0.03 3.47% 6.33% 5.11% Oct-05 Average 4.82% -0.99% -0.02 6.87% 4.82% -7.11% Nov-05 Average 4.63% 3.53% 0.01 3.73% 4.63% -5.69% Dec-05 Average 8.95% 7.69% 0.04 5.33% 8.95% 0.22% Jan-06 Average -0.96% 4.33% 0.01 -2.39% -0.96% 0.53% Feb-06 Average -2.24% 4.38% 0.01 -3.70% -2.24% -9.37% Mar-06 Average 3.00% 7.19% 0.03 -0.30% 3.00% -0.99% Apr-06 Average 9.41% 7.96% 0.04 5.61% 9.41% 9.19% May-06 Average -3.26% -1.62% -0.02 -0.80% -3.26% 5.51% Jun-06 Average -7.58% -15.20% -0.11 3.75% -7.58% -27.61% Jul-06 Average -21.84% 6.08% 0.03 -24.41% -21.84% -5.35% Aug-06 Average -21.79% 6.90% 0.03 -24.89% -21.79% 12.84% Sep-06 Average 4.58% 5.64% 0.02 2.29% 4.58% 11.51% Oct-06 Average 10.26% 4.50% 0.02 8.72% 10.26% 0.05% Nov-06 Average 8.16% 6.01% 0.03 5.64% 8.16% -4.97%
  • 5. Dec-06 Average 1.60% 1.07% -0.01 2.30% 1.60% -1.03% Jan-07 Average 1.28% 3.24% 0.01 0.56% 1.28% 7.17% Feb-07 Average 2.63% 1.16% -0.01 3.28% 2.63% -6.35% Mar-07 Average -9.43% -8.63% -0.07 -2.39% -9.43% -14.89% Apr-07 Average -2.08% 5.79% 0.02 -4.46% -2.08% 4.81% May-07 Average -2.65% 6.01% 0.03 -5.17% -2.65% 17.79% Jun-07 Average -1.12% 0.90% -0.01 -0.31% -1.12% -5.72% Jul-07 Average 0.44% 5.97% 0.02 -2.06% 0.44% 6.28% Aug-07 Average -4.42% -3.86% -0.04 -0.49% -4.42% -2.53% Sep-07 Average -1.78% 8.34% 0.04 -5.82% -1.78% 28.53% Oct-07 Average 4.23% 17.10% 0.10 -5.53% 4.23% 20.43% Nov-07 Average -13.44% 5.35% 0.02 -15.54% -13.44% 63.68% Dec-07 Average 1.93% 3.74% 0.01 0.88% 1.93% 28.08% Jan-08 Average -8.80% -3.47% -0.04 -5.13% -8.80% -15.84% Feb-08 Average 1.81% -9.64% -0.08 9.51% 1.81% -24.74% Mar-08 Average -10.08% -8.31% -0.07 -3.26% -10.08% -12.08% Total Average -0.06% 2.05% -0.06% 0.00% -0.06% 4.24% Variance 0.0147 0.0035 0.0132 0.0147 0.0264 Beta 0.65 1.44 Stdev Alpha -0.01 0 0.01 Security Risk 1.470% 2.640%
  • 6. Tata Steel X Y^ Y-Y^ Y X Y^ Market Return Random Err Expected Return Stock Return Market Return -0.83% 0.0010 -6.31% -6.21% -10% -0.83% -0.01 -11.19% -0.1480 15.46% 0.66% -14% -11.19% -0.13 0.47% 0.0197 5.36% 7.33% -2% 0.47% 0.01 8.14% 0.1301 -0.85% 12.16% 13% 8.14% 0.1 4.29% 0.0746 -5.58% 1.89% 6% 4.29% 0.06 1.05% 0.0281 -12.28% -9.47% 11% 1.05% 0.02 4.69% 0.0804 6.33% 14.37% 5% 4.69% 0.06 1.86% 0.0397 7.94% 11.90% -3% 1.86% 0.03 -3.33% -0.0350 -7.17% -10.67% 3% -3.33% -0.04 -3.65% -0.0396 2.61% -1.35% 8% -3.65% -0.04 -1.29% -0.0056 31.75% 31.19% 13% -1.29% -0.01 -2.93% -0.0292 1.77% -1.15% 6% -2.93% -0.03 -5.52% -0.0665 -12.12% -18.76% -11% -5.52% -0.06 0.97% 0.0269 -9.34% -6.65% -1% 0.97% 0.02 -3.24% -0.0337 -1.45% -4.83% 0% -3.24% -0.04 3.89% 0.0689 -6.51% 0.38% 9% 3.89% 0.05 8.24% 0.1315 -9.07% 4.08% 9% 8.24% 0.11 -0.05% 0.0122 -2.65% -1.43% 8% -0.05% 0 -1.64% -0.0107 11.95% 10.88% 1% -1.64% -0.02 -3.74% -0.0408 7.43% 3.35% -9% -3.74% -0.04 -5.05% -0.0597 14.88% 8.91% -3% -5.05% -0.06 -0.19% 0.0101 57.05% 58.06% 4% -0.19% 0 10.94% 0.1703 35.70% 52.73% 12% 10.94% 0.14 7.62% 0.1225 -12.54% -0.29% 20% 7.62% 0.1 9.66% 0.1519 33.17% 48.36% 27% 9.66% 0.12 8.56% 0.1360 0.23% 13.83% 8% 8.56% 0.11 10.01% 0.1570 -17.97% -2.28% 27% 10.01% 0.13 4.91% 0.0835 12.35% 20.70% 9% 4.91% 0.07 10.13% 0.1586 -4.49% 11.37% 8% 10.13% 0.13 9.54% 0.1501 4.27% 19.28% 12% 9.54% 0.12 -3.01% -0.0303 -1.69% -4.73% -2% -3.01% -0.03 -3.73% -0.0408 1.22% -2.86% -6% -3.73% -0.04 3.87% 0.0686 0.34% 7.19% -2% 3.87% 0.05 -11.27% -0.1491 1.50% -13.41% -18% -11.27% -0.13 -8.17% -0.1047 -9.60% -20.07% -9% -8.17% -0.1 4.11% 0.0721 -2.85% 4.36% 15% 4.11% 0.06 3.01% 0.0562 -2.59% 3.03% -11% 3.01% 0.04 4.75% 0.0812 -4.96% 3.16% -10% 4.75% 0.06 6.09% 0.1005 -7.50% 2.55% 7% 6.09% 0.08 4.40% 0.0762 -8.70% -1.08% 5% 4.40% 0.06 7.90% 0.1265 -0.40% 12.25% 12% 7.90% 0.1 -2.18% -0.0185 2.47% 0.62% 5% -2.18% -0.02 4.53% 0.0781 -6.26% 1.55% 12% 4.53% 0.06 1.40% 0.0330 -7.78% -4.48% 5% 1.40% 0.02 -5.21% -0.0620 1.62% -4.58% -13% -5.21% -0.06 0.76% 0.0239 -2.91% -0.52% -4% 0.76% 0.01 6.59% 0.1078 -9.09% 1.68% -3% 6.59% 0.09 4.80% 0.0820 -9.76% -1.57% 5% 4.80% 0.06 5.40% 0.0907 1.40% 10.47% 8% 5.40% 0.07 6.54% 0.1070 -5.59% 5.11% 6% 6.54% 0.09 -0.99% -0.0013 -6.97% -7.11% -14% -0.99% -0.01 3.53% 0.0638 -12.07% -5.69% 0% 3.53% 0.05 7.69% 0.1235 -12.13% 0.22% 3% 7.69% 0.1 4.33% 0.0752 -6.99% 0.53% 2% 4.33% 0.06 4.38% 0.0759 -16.96% -9.37% 8% 4.38% 0.06 7.19% 0.1163 -12.63% -0.99% 19% 7.19% 0.09 7.96% 0.1275 -3.56% 9.19% 26% 7.96% 0.1 -1.62% -0.0104 6.55% 5.51% -3% -1.62% -0.02 -15.20% -0.2057 -7.03% -27.61% -19% -15.20% -0.18 6.08% 0.1004 -15.39% -5.35% 7% 6.08% 0.08 6.90% 0.1122 1.62% 12.84% 1% 6.90% 0.09 5.64% 0.0941 2.10% 11.51% -1% 5.64% 0.07 4.50% 0.0777 -7.73% 0.05% 1% 4.50% 0.06 6.01% 0.0993 -14.90% -4.97% -6% 6.01% 0.08
  • 7. 1.07% 0.0284 -3.86% -1.03% -3% 1.07% 0.02 3.24% 0.0596 1.21% 7.17% 1% 3.24% 0.04 1.16% 0.0296 -9.31% -6.35% -4% 1.16% 0.02 -8.63% -0.1113 -3.76% -14.89% -4% -8.63% -0.1 5.79% 0.0963 -4.81% 4.81% 18% 5.79% 0.08 6.01% 0.0993 7.86% 17.79% 17% 6.01% 0.08 0.90% 0.0259 -8.31% -5.72% 1% 0.90% 0.02 5.97% 0.0988 -3.60% 6.28% 9% 5.97% 0.08 -3.86% -0.0426 1.74% -2.53% -7% -3.86% -0.04 8.34% 0.1328 15.25% 28.53% 17% 8.34% 0.11 17.10% 0.2589 -5.46% 20.43% 21% 17.10% 0.22 5.35% 0.0899 54.69% 63.68% -3% 5.35% 0.07 3.74% 0.0667 21.41% 28.08% 2% 3.74% 0.05 -3.47% -0.0371 -12.13% -15.84% -6% -3.47% -0.04 -9.64% -0.1257 -12.17% -24.74% -2% -9.64% -0.11 -8.31% -0.1066 -1.42% -12.08% -10% -8.31% -0.1 2.05% 4.24% 0.00% 4.24% 2.99% 2.05% 2.99% 0.0035 0.0191 0.0264 0.0103 0.0035 1.23 0 1.028%
  • 8. Tata Motors Y-Y^ Y X Y^ Y-Y^ Random Err Expected Return Stock Return Market Return Random Err Expected Return -10% -10% 8.40% -0.83% 0 8.10% 8.40% -1% -14% -5.39% -11.19% -0.1 4.85% -5.39% -3% -2% 6.11% 0.47% 0.02 4.48% 6.11% 3% 13% 24.21% 8.14% 0.09 14.77% 24.21% 0% 6% 8.93% 4.29% 0.06 3.41% 8.93% 9% 11% 11.57% 1.05% 0.02 9.35% 11.57% -1% 5% 21.11% 4.69% 0.06 15.19% 21.11% -6% -3% -6.03% 1.86% 0.03 -9.07% -6.03% 7% 3% -0.37% -3.33% -0.02 1.87% -0.37% 12% 8% 2.25% -3.65% -0.03 4.82% 2.25% 14% 13% 10.66% -1.29% 0 10.82% 10.66% 9% 6% 2.43% -2.93% -0.02 4.26% 2.43% -5% -11% -11.61% -5.52% -0.04 -7.14% -11.61% -3% -1% 2.28% 0.97% 0.02 0.14% 2.28% 3% 0% 0.76% -3.24% -0.02 2.91% 0.76% 3% 9% 13.22% 3.89% 0.05 8.12% 13.22% -2% 9% 4.64% 8.24% 0.1 -4.90% 4.64% 7% 8% -1.07% -0.05% 0.01 -2.16% -1.07% 2% 1% 0.73% -1.64% -0.01 1.26% 0.73% -5% -9% -3.03% -3.74% -0.03 -0.37% -3.03% 3% -3% 0.89% -5.05% -0.04 4.88% 0.89% 4% 4% 2.79% -0.19% 0.01 1.84% 2.79% -2% 12% 15.08% 10.94% 0.12 2.79% 15.08% 10% 20% 15.75% 7.62% 0.09 6.85% 15.75% 15% 27% 17.75% 9.66% 0.11 6.76% 17.75% -3% 8% 12.01% 8.56% 0.1 2.15% 12.01% 14% 27% 27.53% 10.01% 0.11 16.19% 27.53% 3% 9% 5.51% 4.91% 0.06 -0.64% 5.51% -5% 8% 10.83% 10.13% 0.11 -0.63% 10.83% 0% 12% 12.94% 9.54% 0.11 2.09% 12.94% 1% -2% 11.44% -3.01% -0.02 13.35% 11.44% -2% -6% -9.79% -3.73% -0.03 -7.14% -9.79% -7% -2% 3.63% 3.87% 0.05 -1.46% 3.63% -5% -18% -13.56% -11.27% -0.1 -3.24% -13.56% 1% -9% -9.60% -8.17% -0.07 -2.43% -9.60% 10% 15% 3.49% 4.11% 0.05 -1.85% 3.49% -15% -11% -0.27% 3.01% 0.04 -4.48% -0.27% -16% -10% -1.09% 4.75% 0.06 -7.07% -1.09% -1% 7% 4.13% 6.09% 0.07 -3.22% 4.13% -1% 5% 5.79% 4.40% 0.06 0.17% 5.79% 2% 12% 13.17% 7.90% 0.09 3.98% 13.17% 8% 5% -2.28% -2.18% -0.01 -1.21% -2.28% 6% 12% 0.78% 4.53% 0.06 -4.98% 0.78% 3% 5% -7.79% 1.40% 0.03 -10.36% -7.79% -7% -13% -5.83% -5.21% -0.04 -1.68% -5.83% -5% -4% 2.16% 0.76% 0.02 0.23% 2.16% -11% -3% -1.28% 6.59% 0.08 -9.14% -1.28% -2% 5% 7.05% 4.80% 0.06 1.02% 7.05% 0% 8% 6.11% 5.40% 0.07 -0.54% 6.11% -3% 6% 5.92% 6.54% 0.08 -1.88% 5.92% -13% -14% 1.74% -0.99% 0 1.60% 1.74% -5% 0% 1.38% 3.53% 0.05 -3.36% 1.38% -7% 3% 14.72% 7.69% 0.09 5.74% 14.72% -4% 2% 7.13% 4.33% 0.06 1.57% 7.13% 2% 8% 17.43% 4.38% 0.06 11.82% 17.43% 9% 19% 17.77% 7.19% 0.08 9.30% 17.77% 16% 26% 4.27% 7.96% 0.09 -4.98% 4.27% -1% -3% -5.54% -1.62% -0.01 -5.04% -5.54% 0% -19% -15.93% -15.20% -0.14 -1.61% -15.93% -1% 7% -1.30% 6.08% 0.07 -8.64% -1.30% -8% 1% 10.01% 6.90% 0.08 1.84% 10.01% -9% -1% 6.17% 5.64% 0.07 -0.72% 6.17% -5% 1% 2.67% 4.50% 0.06 -3.07% 2.67% -13% -6% -7.60% 6.01% 0.07 -14.86% -7.60%
  • 9. -5% -3% 6.11% 1.07% 0.02 3.87% 6.11% -3% 1% 7.51% 3.24% 0.04 3.06% 7.51% -6% -4% -6.96% 1.16% 0.02 -9.29% -6.96% 6% -4% -12.95% -8.63% -0.08 -5.31% -12.95% 10% 18% -4.55% 5.79% 0.07 -11.59% -4.55% 9% 17% 0.96% 6.01% 0.07 -6.31% 0.96% 0% 1% -7.48% 0.90% 0.02 -9.55% -7.48% 2% 9% 8.34% 5.97% 0.07 1.12% 8.34% -3% -7% -9.53% -3.86% -0.03 -6.74% -9.53% 7% 17% 8.26% 8.34% 0.1 -1.37% 8.26% -1% 21% 10.86% 17.10% 0.19 -7.69% 10.86% -11% -3% -10.11% 5.35% 0.07 -16.71% -10.11% -3% 2% 4.18% 3.74% 0.05 -0.78% 4.18% -2% -6% -1.25% -3.47% -0.02 1.14% -1.25% 9% -2% -1.62% -9.64% -0.09 7.04% -1.62% 0% -10% -8.88% -8.31% -0.07 -1.57% -8.88% 0.00% 2.99% 3.24% 2.05% 3.24% 0.00% 3.24% 0.0050 0.0103 0.0081 0.0035 0.0044 0.0081 1.02 0.01 0.809%
  • 10. KTK BANK Y X Y^ Y-Y^ Stock Return Market Return Random Err Expected Return -2.32% -0.83% 0 -2.50% -2.32% -6.42% -11.19% -0.1 3.18% -6.42% -5.27% 0.47% 0.01 -6.68% -5.27% 16.81% 8.14% 0.09 8.14% 16.81% -3.62% 4.29% 0.05 -8.64% -3.62% 1.03% 1.05% 0.02 -0.93% 1.03% 47.56% 4.69% 0.05 42.16% 47.56% 27.33% 1.86% 0.03 24.60% 27.33% 10.75% -3.33% -0.02 12.93% 10.75% -16.04% -3.65% -0.02 -13.55% -16.04% 21.68% -1.29% 0 21.93% 21.68% -0.26% -2.93% -0.02 1.54% -0.26% -9.30% -5.52% -0.04 -5.05% -9.30% 16.32% 0.97% 0.02 14.43% 16.32% -14.58% -3.24% -0.02 -12.49% -14.58% -51.63% 3.89% 0.05 -56.28% -51.63% 6.92% 8.24% 0.09 -1.84% 6.92% 11.78% -0.05% 0.01 10.86% 11.78% -16.33% -1.64% -0.01 -15.74% -16.33% -1.82% -3.74% -0.03 0.75% -1.82% 2.40% -5.05% -0.04 6.21% 2.40% 27.73% -0.19% 0.01 26.95% 27.73% 2.98% 10.94% 0.11 -8.33% 2.98% 0.95% 7.62% 0.08 -7.22% 0.95% 11.79% 9.66% 0.1 1.69% 11.79% -5.40% 8.56% 0.09 -14.46% -5.40% 3.54% 10.01% 0.1 -6.89% 3.54% 1.97% 4.91% 0.06 -3.64% 1.97% 33.72% 10.13% 0.11 23.18% 33.72% 11.75% 9.54% 0.1 1.77% 11.75% -11.89% -3.01% -0.02 -10.01% -11.89% 4.89% -3.73% -0.03 7.45% 4.89% 15.03% 3.87% 0.05 10.41% 15.03% -18.68% -11.27% -0.1 -9.00% -18.68% -18.21% -8.17% -0.07 -11.45% -18.21% -3.54% 4.11% 0.05 -8.39% -3.54% -7.56% 3.01% 0.04 -11.37% -7.56% 8.00% 4.75% 0.05 2.54% 8.00% 5.40% 6.09% 0.07 -1.32% 5.40% 25.43% 4.40% 0.05 20.31% 25.43% 52.28% 7.90% 0.08 43.85% 52.28% -16.77% -2.18% -0.01 -15.67% -16.77% -42.32% 4.53% 0.05 -47.56% -42.32% -0.97% 1.40% 0.02 -3.25% -0.97% -15.02% -5.21% -0.04 -11.06% -15.02% 13.27% 0.76% 0.02 11.59% 13.27% 14.28% 6.59% 0.07 7.08% 14.28% 25.34% 4.80% 0.06 19.84% 25.34% 10.23% 5.40% 0.06 4.16% 10.23% -4.10% 6.54% 0.07 -11.25% -4.10% -10.71% -0.99% 0 -10.73% -10.71% -4.47% 3.53% 0.04 -8.78% -4.47% 7.61% 7.69% 0.08 -0.63% 7.61% 3.15% 4.33% 0.05 -1.91% 3.15% -5.11% 4.38% 0.05 -10.22% -5.11% -4.31% 7.19% 0.08 -12.07% -4.31% -1.15% 7.96% 0.08 -9.65% -1.15% -1.20% -1.62% -0.01 -0.64% -1.20% -12.19% -15.20% -0.13 1.21% -12.19% 1.24% 6.08% 0.07 -5.48% 1.24% 17.46% 6.90% 0.07 9.97% 17.46% 8.20% 5.64% 0.06 1.90% 8.20% 6.47% 4.50% 0.05 1.24% 6.47% -4.12% 6.01% 0.07 -10.76% -4.12%
  • 11. 15.81% 1.07% 0.02 13.82% 15.81% 16.02% 3.24% 0.04 11.98% 16.02% 16.63% 1.16% 0.02 14.57% 16.63% -6.28% -8.63% -0.07 0.91% -6.28% -0.40% 5.79% 0.06 -6.84% -0.40% 3.19% 6.01% 0.07 -3.45% 3.19% -2.01% 0.90% 0.02 -3.83% -2.01% 8.18% 5.97% 0.07 1.57% 8.18% -2.83% -3.86% -0.03 -0.15% -2.83% 15.97% 8.34% 0.09 7.12% 15.97% 6.65% 17.10% 0.17 -10.48% 6.65% -1.42% 5.35% 0.06 -7.45% -1.42% -0.40% 3.74% 0.05 -4.91% -0.40% 16.74% -3.47% -0.02 19.06% 16.74% 1.80% -9.64% -0.08 9.94% 1.80% -15.17% -8.31% -0.07 -8.29% -15.17% 2.91% 2.05% 2.91% 0.00% 2.91% 0.0254 0.0035 0.0223 0.0254 0.95 0.01 2.544%
  • 12. Harry Markowitz Model δ Xi Ki Stock Average Return S.D Weight Expected Return A INFOSYS -0.06% 0.12 20% -0.0001 B MRPL 4.24% 0.16 20% 0.0085 C TATA STEEL 2.99% 0.10 20% 0.0060 D TELCO 3.24% 0.09 20% 0.0065 E KARNATAKA BANK 2.91% 0.16 20% 0.0058 Portfolio Return 100% 0.0266 Coorelation A A B C D E B INFOSYS MRPL TATA STEEL TELCO KTK BANK C A INFOSYS D B MRPL -0.04 E C TATA STEEL 0.12 0.42 D TELCO 0.26 0.34 0.67 E KTK BANK 0 0.32 0.2 0.31 NIFTY 0.32 0.52 0.72 0.67 0.35 A B C Portfolio Risk √∑(Xi * δ²) 8% D E
  • 13. Matrix of CoVar AA AB AC AD AE BA BB BC BD BE CA CB CC CD CE DA DB DC DD DE EA EB EC ED EE Covariance A B C D E 0.0147 -0.0007 0.0015 0.0028 0.0001 -0.0007 0.0264 0.0070 0.0050 0.0082 0.0015 0.0070 0.0103 0.0061 0.0032 0.0028 0.0050 0.0061 0.0081 0.0045 0.0001 0.0082 0.0032 0.0045 0.0254 Weights * CoVar A B C D E 0.0006 0.0000 0.0001 0.0001 0.0000 0.0000 0.0011 0.0003 0.0002 0.0003 0.0001 0.0003 0.0004 0.0002 0.0001 0.0001 0.0002 0.0002 0.0003 0.0002 0.0000 0.0003 0.0001 0.0002 0.0010
  • 14. Total Months 60 60 60 Monthly R.O.R Monthly R.O.R Monthly R.O.R Monthly Months Avg. Price INFOSYS Avg. Price MRPL Avg. Price TATA STEEL Avg. Price Apr-98 Average 2103.59 20.85 157.94 #DIV/0! 290.36 May-98 Average 2358.74 12.13% 18.63 -10.63% 151.57 -4% 270.03 Jun-98 Average 2188.08 -7.24% 16.66 -10.56% 135.71 -10% 193.26 Jul-98 Average 2479.12 13.30% 15.67 -5.95% 119.20 -12% 152.01 Aug-98 Average 2612.99 5.40% 15.51 -1.02% 95.71 -20% 135.43 Sep-98 Average 2420.03 -7.38% 15.08 -2.81% 93.29 -3% 142.53 Oct-98 Average 2348.44 -2.96% 13.44 -10.88% 80.07 -14% 114.95 Nov-98 Average 2391.63 1.84% 13.28 -1.15% 89.24 11% 130.54 Dec-98 Average 2681.51 12.12% 12.53 -5.67% 102.86 15% 144.28 Jan-99 Average 3862.23 44.03% 13.16 5.01% 120.06 17% 205.36 Feb-99 Average 3282.30 -15.02% 11.96 -9.13% 119.95 0% 195.18 Mar-99 Average 3043.26 -7.28% 10.99 -8.12% 110.28 -8% 177.70 Apr-99 Average 2713.76 -10.83% 9.93 -9.64% 88.68 -20% 144.60 May-99 Average 3137.42 15.61% 10.99 10.71% 109.62 24% 171.95 Jun-99 Average 3298.75 5.14% 17.84 62.33% 130.13 19% 197.57 Jul-99 Average 4411.92 33.75% 19.33 8.33% 151.95 17% 254.58 Aug-99 Average 5379.59 21.93% 20.49 6.03% 146.07 -4% 277.39 Sep-99 Average 6511.82 21.05% 21.19 3.41% 147.62 1% 288.37 Oct-99 Average 7603.49 16.76% 20.52 -3.16% 152.28 3% 273.17 Nov-99 Average 8311.93 9.32% 17.25 -15.94% 142.45 -6% 228.37 Dec-99 Average 10806.95 30.02% 16.61 -3.74% 143.18 1% 215.72 Jan-00 Average 12610.77 16.69% 16.57 -0.21% 160.14 12% 223.75 Feb-00 Average 9102.71 -27.82% 14.05 -15.25% 135.28 -16% 172.80 Mar-00 Average 10576.68 16.19% 12.48 -11.17% 104.10 -23% 136.68 Apr-00 Average 8363.08 -20.93% #N/A #N/A 115.48 11% 131.20 May-00 Average 6942.35 -16.99% #N/A #N/A 109.13 -6% 131.10 Jun-00 Average 8087.56 16.50% #N/A #N/A 126.66 16% 128.47 Jul-00 Average 7705.30 -4.73% #N/A #N/A 129.79 2% 120.23 Aug-00 Average 7507.65 -2.57% #N/A #N/A 110.48 -15% 94.33 Sep-00 Average 8041.27 7.11% #N/A #N/A 103.49 -6% 92.03 Oct-00 Average 7033.41 -12.53% #N/A #N/A 94.77 -8% 75.72 Nov-00 Average 7556.18 7.43% #N/A #N/A 109.47 16% 82.93 Dec-00 Average 6793.84 -10.09% #N/A #N/A 125.72 15% 92.05 Jan-01 Average 6253.20 -7.96% #N/A #N/A 130.71 4% 94.79 Feb-01 Average 6289.84 0.59% #N/A #N/A 154.34 18% 101.56 Mar-01 Average 4647.09 -26.12% #N/A #N/A 135.85 -12% 77.33 Apr-01 Average 3650.08 -21.45% #N/A #N/A 128.39 -5% 67.03 May-01 Average 3968.70 8.73% #N/A #N/A 138.39 8% 78.54 Jun-01 Average 3633.05 -8.46% #N/A #N/A 126.60 -9% 69.45 Jul-01 Average 3641.02 0.22% 6.45 #N/A 99.15 -22% 69.40 Aug-01 Average 3738.14 2.67% 6.05 -6.21% 89.01 -10% 75.23 Sep-01 Average 2889.69 -22.70% 6.09 0.66% 76.55 -14% 71.18 Oct-01 Average 2765.19 -4.31% 6.53 7.33% 75.17 -2% 75.53 Nov-01 Average 3273.17 18.37% 7.33 12.16% 85.18 13% 93.81 Dec-01 Average 4155.01 26.94% 7.46 1.89% 90.43 6% 102.19 Jan-02 Average 4060.91 -2.26% 6.76 -9.47% 99.93 11% 114.01 Feb-02 Average 3746.02 -7.75% 7.73 14.37% 105.08 5% 138.08 Mar-02 Average 3920.82 4.67% 8.65 11.90% 101.58 -3% 129.75 Apr-02 Average 3762.50 -4.04% 7.73 -10.67% 105.11 3% 129.27 May-02 Average 3713.22 -1.31% 7.62 -1.35% 113.96 8% 132.18 Jun-02 Average 3306.30 -10.96% 10.00 31.19% 129.09 13% 146.27 Jul-02 Average 3219.53 -2.62% 9.88 -1.15% 136.20 6% 149.82 Aug-02 Average 3274.70 1.71% 8.03 -18.76% 120.63 -11% 132.43 Sep-02 Average 3537.41 8.02% 7.50 -6.65% 119.55 -1% 135.45 Oct-02 Average 3694.82 4.45% 7.13 -4.83% 119.44 0% 136.48 Nov-02 Average 4244.14 14.87% 7.16 0.38% 129.77 9% 154.53 Dec-02 Average 4623.14 8.93% 7.45 4.08% 141.42 9% 161.70 Jan-03 Average 4529.47 -2.03% 7.35 -1.43% 152.15 8% 159.97 Feb-03 Average 4270.19 -5.72% 8.14 10.88% 153.19 1% 161.14 Mar-03 Average 4194.22 -1.78% 8.42 3.35% 138.77 -9% 156.26 Apr-03 Average 3359.46 -19.90% 9.17 8.91% 134.67 -3% 157.65 May-03 Average 2825.65 -15.89% 14.49 58.06% 140.06 4% 162.04 Jun-03 Average 3010.80 6.55% 22.13 52.73% 156.70 12% 186.47 Jul-03 Average 3388.18 12.53% 22.07 -0.29% 188.12 20% 215.84
  • 15. Aug-03 Average 3628.07 7.08% 32.74 48.36% 238.99 27% 254.15 Sep-03 Average 4263.58 17.52% 37.27 13.83% 258.51 8% 284.67 Oct-03 Average 4577.78 7.37% 36.42 -2.28% 328.09 27% 363.03 Nov-03 Average 4809.26 5.06% 43.96 20.70% 359.16 9% 383.02 Dec-03 Average 5195.58 8.03% 48.96 11.37% 389.31 8% 424.51 Jan-04 Average 5568.13 7.17% 58.40 19.28% 437.26 12% 479.46 Feb-04 Average 5275.43 -5.26% 55.64 -4.73% 427.80 -2% 534.30 Mar-04 Average 5088.15 -3.55% 54.05 -2.86% 402.12 -6% 481.98 Apr-04 Average 5263.80 3.45% 57.93 7.19% 394.44 -2% 499.45 May-04 Average 5116.47 -2.80% 50.16 -13.41% 321.69 -18% 431.75 Jun-04 Average 5291.50 3.42% 40.10 -20.07% 292.80 -9% 390.29 Jul-04 Average 1442.44 -72.74% 41.85 4.36% 338.03 15% 403.92 Aug-04 Average 1534.63 6.39% 43.11 3.03% 301.58 -11% 402.82 Sep-04 Average 1645.75 7.24% 44.48 3.16% 271.67 -10% 398.42 Oct-04 Average 1771.07 7.61% 45.61 2.55% 291.15 7% 414.86 Nov-04 Average 2026.05 14.40% 45.12 -1.08% 306.76 5% 438.89 Dec-04 Average 2069.15 2.13% 50.65 12.25% 343.42 12% 496.68 Jan-05 Average 1996.60 -3.51% 50.96 0.62% 361.77 5% 485.34 Feb-05 Average 2124.50 6.41% 51.75 1.55% 403.53 12% 489.14 Mar-05 Average 2209.31 3.99% 49.43 -4.48% 425.35 5% 451.03 Apr-05 Average 2043.23 -7.52% 47.17 -4.58% 370.56 -13% 424.73 May-05 Average 2085.70 2.08% 46.92 -0.52% 356.45 -4% 433.89 Jun-05 Average 2283.67 9.49% 47.71 1.68% 346.92 -3% 428.35 Jul-05 Average 2265.70 -0.79% 46.97 -1.57% 362.88 5% 458.55 Aug-05 Average 2296.68 1.37% 51.88 10.47% 390.20 8% 486.57 Sep-05 Average 2442.17 6.33% 54.53 5.11% 412.50 6% 515.40 Oct-05 Average 2559.80 4.82% 50.66 -7.11% 354.93 -14% 524.38 Nov-05 Average 2678.40 4.63% 47.77 -5.69% 355.42 0% 531.64 Dec-05 Average 2918.00 8.95% 47.88 0.22% 366.30 3% 609.89 Jan-06 Average 2890.02 -0.96% 48.14 0.53% 373.15 2% 653.35 Feb-06 Average 2825.15 -2.24% 43.63 -9.37% 402.33 8% 767.22 Mar-06 Average 2909.87 3.00% 43.19 -0.99% 477.01 19% 903.56 Apr-06 Average 3183.60 9.41% 47.16 9.19% 600.70 26% 942.18 May-06 Average 3079.95 -3.26% 49.76 5.51% 584.43 -3% 890.01 Jun-06 Average 2846.48 -7.58% 36.02 -27.61% 474.96 -19% 748.22 Jul-06 Average 2224.83 -21.84% 34.09 -5.35% 508.18 7% 738.49 Aug-06 Average 1740.15 -21.79% 38.47 12.84% 514.41 1% 812.45 Sep-06 Average 1819.76 4.58% 42.90 11.51% 508.45 -1% 862.59 Oct-06 Average 2006.49 10.26% 42.92 0.05% 513.67 1% 885.60 Nov-06 Average 2170.25 8.16% 40.79 -4.97% 485.18 -6% 818.29 Dec-06 Average 2205.02 1.60% 40.37 -1.03% 468.86 -3% 868.33 Jan-07 Average 2233.20 1.28% 43.27 7.17% 474.65 1% 933.55 Feb-07 Average 2291.93 2.63% 40.52 -6.35% 454.31 -4% 868.56 Mar-07 Average 2075.80 -9.43% 34.48 -14.89% 434.28 -4% 756.07 Apr-07 Average 2032.64 -2.08% 36.14 4.81% 511.73 18% 721.69 May-07 Average 1978.85 -2.65% 42.57 17.79% 598.54 17% 728.58 Jun-07 Average 1956.61 -1.12% 40.14 -5.72% 606.60 1% 674.06 Jul-07 Average 1965.21 0.44% 42.66 6.28% 664.05 9% 730.28 Aug-07 Average 1878.40 -4.42% 41.58 -2.53% 617.72 -7% 660.70 Sep-07 Average 1845.03 -1.78% 53.44 28.53% 724.70 17% 715.27 Oct-07 Average 1923.08 4.23% 64.36 20.43% 875.63 21% 792.95 Nov-07 Average 1664.55 -13.44% 105.35 63.68% 845.42 -3% 712.75 Dec-07 Average 1696.61 1.93% 134.93 28.08% 862.11 2% 742.51 Jan-08 Average 1547.34 -8.80% 113.56 -15.84% 808.42 -6% 733.25 Feb-08 Average 1575.36 1.81% 85.47 -24.74% 789.69 -2% 721.37 Mar-08 Average 1416.56 -10.08% 75.15 -12.08% 712.33 -10% 657.29 AVERAGE MEAN -0.06% 4.24% 2.99% Std. Deviation 0.12 0.16 0.10 Coeff. Of Var -197.11 3.83 3.39 Skewness -2.81 1.52 0.21 Corelation
  • 16. INFOSYS MRPL -0.0373 TATA STEEL 0.1214 0.4246 TELCO 0.2583 0.3442 0.6729 KTK BANK 0.0034 0.3156 0.1965 NIFTY 0.3193 0.5248 0.7200 Beta 0.65 1.44 1.23 Alpha -0.01 0.01 0
  • 17. 60 60 60 R.O.R Monthly R.O.R Monthly R.O.R TELCO Avg. Price KARNATAKA BANK Close Nifty #N/A 1181.94 -7.00% #N/A #N/A 1127.12 -5% -28.43% #N/A #N/A 957.78 -15% -21.35% #N/A #N/A 946.94 -1% -10.90% #N/A #N/A 871.04 -8% 5.24% #N/A #N/A 898.59 3% -19.36% #N/A #N/A 835.19 -7% 13.57% #N/A #N/A 846.71 1% 10.52% #N/A #N/A 853.23 1% 42.33% #N/A #N/A 947.62 11% -4.96% #N/A #N/A 952.43 1% -8.96% #N/A #N/A 1060.82 11% -18.63% #N/A #N/A 994.28 -6% 18.92% #N/A #N/A 1109.55 12% 14.90% #N/A #N/A 1165.01 5% 28.86% #N/A #N/A 1295.31 11% 8.96% #N/A #N/A 1343.73 4% 3.96% #N/A #N/A 1384.80 3% -5.27% #N/A #N/A 1434.26 4% -16.40% #N/A #N/A 1364.81 -5% -5.54% #N/A #N/A 1436.37 5% 3.73% #N/A #N/A 1607.80 12% -22.77% #N/A #N/A 1686.58 5% -20.91% #N/A #N/A 1605.66 -5% -4.01% #N/A #N/A 1469.03 -9% -0.08% 56.35 #N/A 1312.65 -11% -2.01% 64.36 14.21% 1451.74 11% -6.41% 62.29 -3.21% 1445.26 0% -21.55% 58.09 -6.75% 1350.94 -7% -2.44% 54.40 -6.36% 1371.27 2% -17.72% 51.01 -6.23% 1201.60 -12% 9.52% 53.98 5.82% 1240.59 3% 11.00% 66.56 23.32% 1291.43 4% 2.98% 65.99 -0.86% 1316.96 2% 7.14% 83.61 26.70% 1371.91 4% -23.85% 80.71 -3.47% 1214.47 -11% -13.32% 64.16 -20.52% 1116.41 -8% 17.17% 65.91 2.74% 1159.44 4% -11.58% 65.35 -0.84% 1107.15 -5% -0.06% 61.85 -5.37% 1077.98 -3% 8.40% 60.41 -2.32% 1069.01 -1% -5.39% 56.53 -6.42% 949.43 -11% 6.11% 53.55 -5.27% 953.92 0% 24.21% 62.55 16.81% 1031.62 8% 8.93% 60.28 -3.62% 1075.87 4% 11.57% 60.90 1.03% 1087.20 1% 21.11% 89.87 47.56% 1138.17 5% -6.03% 114.43 27.33% 1159.33 2% -0.37% 126.73 10.75% 1120.74 -3% 2.25% 106.40 -16.04% 1079.80 -4% 10.66% 129.48 21.68% 1065.90 -1% 2.43% 129.14 -0.26% 1034.70 -3% -11.61% 117.13 -9.30% 977.60 -6% 2.28% 136.24 16.32% 987.12 1% 0.76% 116.37 -14.58% 955.12 -3% 13.22% 56.29 -51.63% 992.26 4% 4.64% 60.18 6.92% 1074.05 8% -1.07% 67.27 11.78% 1073.48 0% 0.73% 56.28 -16.33% 1055.84 -2% -3.03% 55.26 -1.82% 1016.38 -4% 0.89% 56.59 2.40% 965.08 -5% 2.79% 72.28 27.73% 963.20 0% 15.08% 74.43 2.98% 1068.59 11% 15.75% 75.13 0.95% 1150.01 8%
  • 18. 17.75% 83.99 11.79% 1261.13 10% 12.01% 79.45 -5.40% 1369.03 9% 27.53% 82.27 3.54% 1506.10 10% 5.51% 83.89 1.97% 1580.02 5% 10.83% 112.18 33.72% 1740.06 10% 12.94% 125.36 11.75% 1906.00 10% 11.44% 110.45 -11.89% 1848.67 -3% -9.79% 115.85 4.89% 1779.63 -4% 3.63% 133.27 15.03% 1848.45 4% -13.56% 108.38 -18.68% 1640.20 -11% -9.60% 88.64 -18.21% 1506.12 -8% 3.49% 85.50 -3.54% 1568.08 4% -0.27% 79.04 -7.56% 1615.30 3% -1.09% 85.36 8.00% 1691.96 5% 4.13% 89.98 5.40% 1794.98 6% 5.79% 112.86 25.43% 1873.94 4% 13.17% 171.87 52.28% 2021.94 8% -2.28% 143.04 -16.77% 1977.83 -2% 0.78% 82.52 -42.32% 2067.39 5% -7.79% 81.72 -0.97% 2096.23 1% -5.83% 69.45 -15.02% 1987.10 -5% 2.16% 78.66 13.27% 2002.28 1% -1.28% 89.90 14.28% 2134.29 7% 7.05% 112.68 25.34% 2236.70 5% 6.11% 124.21 10.23% 2357.56 5% 5.92% 119.11 -4.10% 2511.70 7% 1.74% 106.36 -10.71% 2486.78 -1% 1.38% 101.61 -4.47% 2574.66 4% 14.72% 109.34 7.61% 2772.61 8% 7.13% 112.79 3.15% 2892.68 4% 17.43% 107.02 -5.11% 3019.32 4% 17.77% 102.41 -4.31% 3236.37 7% 4.27% 101.23 -1.15% 3494.06 8% -5.54% 100.01 -1.20% 3437.41 -2% -15.93% 87.82 -12.19% 2914.91 -15% -1.30% 88.91 1.24% 3092.11 6% 10.01% 104.43 17.46% 3305.58 7% 6.17% 113.00 8.20% 3492.13 6% 2.67% 120.31 6.47% 3649.43 5% -7.60% 115.35 -4.12% 3868.61 6% 6.11% 133.58 15.81% 3910.18 1% 7.51% 154.98 16.02% 4037.07 3% -6.96% 180.75 16.63% 4083.74 1% -12.95% 169.39 -6.28% 3731.13 -9% -4.55% 168.71 -0.40% 3947.28 6% 0.96% 174.10 3.19% 4184.39 6% -7.48% 170.60 -2.01% 4222.17 1% 8.34% 184.55 8.18% 4474.18 6% -9.53% 179.32 -2.83% 4301.36 -4% 8.26% 207.95 15.97% 4659.92 8% 10.86% 221.78 6.65% 5456.62 17% -10.11% 218.63 -1.42% 5748.58 5% 4.18% 217.75 -0.40% 5963.57 4% -1.25% 254.19 16.74% 5756.35 -3% -1.62% 258.77 1.80% 5201.56 -10% -8.88% 219.51 -15.17% 4769.50 -8% 3.24% 2.91% 2.05% 0.09 0.16 0.06 2.78 5.49 2.89 0.2 -0.02 -0.56
  • 19. 0.3110 0.6711 0.3514 1.02 0.95 1 0.01 0.01 0
  • 20. Symbol Series Date Prev Close Open Price High Price Low Price Last Price Close Price Apr-98 Average 2103.59 May-98 Average 2358.74 Jun-98 Average 2188.08 Jul-98 Average 2479.12 Aug-98 Average 2612.99 Sep-98 Average 2420.03 Oct-98 Average 2348.44 Nov-98 Average 2391.63 Dec-98 Average 2681.51 Jan-99 Average 3862.23 Feb-99 Average 3282.3 Mar-99 Average 3043.26 Apr-99 Average 2713.76 May-99 Average 3137.42 Jun-99 Average 3298.75 Jul-99 Average 4411.92 Aug-99 Average 5379.59 Sep-99 Average 6511.82 Oct-99 Average 7603.49 Nov-99 Average 8311.93 Dec-99 Average 10806.95 Jan-00 Average 12610.77 Feb-00 Average 9102.71 Mar-00 Average 10576.68 Apr-00 Average 8363.08 May-00 Average 6942.35 Jun-00 Average 8087.56 Jul-00 Average 7705.3 Aug-00 Average 7507.65 Sep-00 Average 8041.27 Oct-00 Average 7033.41 Nov-00 Average 7556.18 Dec-00 Average 6793.84 Jan-01 Average 6253.2 Feb-01 Average 6289.84 Mar-01 Average 4647.09 Apr-01 Average 3650.08 May-01 Average 3968.7 Jun-01 Average 3633.05 Jul-01 Average 3641.02 Aug-01 Average 3738.14 Sep-01 Average 2889.69 Oct-01 Average 2765.19 Nov-01 Average 3273.17 Dec-01 Average 4155.01 Jan-02 Average 4060.91 Feb-02 Average 3746.02 Mar-02 Average 3920.82 Apr-02 Average 3762.5 May-02 Average 3713.22 Jun-02 Average 3306.3 Jul-02 Average 3219.53
  • 21. Aug-02 Average 3274.7 Sep-02 Average 3537.41 Oct-02 Average 3694.82 Nov-02 Average 4244.14 Dec-02 Average 4623.14 Jan-03 Average 4529.47 Feb-03 Average 4270.19 Mar-03 Average 4194.22 Apr-03 Average 3359.46 May-03 Average 2825.65 Jun-03 Average 3010.8 Jul-03 Average 3388.18 Aug-03 Average 3628.07 Sep-03 Average 4263.58 Oct-03 Average 4577.78 Nov-03 Average 4809.26 Dec-03 Average 5195.58 Jan-04 Average 5568.13 Feb-04 Average 5275.43 Mar-04 Average 5088.15 Apr-04 Average 5263.8 May-04 Average 5116.47 Jun-04 Average 5291.5 Jul-04 Average 1442.44 Aug-04 Average 1534.63 Sep-04 Average 1645.75 Oct-04 Average 1771.07 Nov-04 Average 2026.05 Dec-04 Average 2069.15 Jan-05 Average 1996.6 Feb-05 Average 2124.5 Mar-05 Average 2209.31 Apr-05 Average 2043.23 May-05 Average 2085.7 Jun-05 Average 2283.67 Jul-05 Average 2265.7 Aug-05 Average 2296.68 Sep-05 Average 2442.17 Oct-05 Average 2559.8 Nov-05 Average 2678.4 Dec-05 Average 2918 Jan-06 Average 2890.02 Feb-06 Average 2825.15 Mar-06 Average 2909.87 Apr-06 Average 3183.6 May-06 Average 3079.95 Jun-06 Average 2846.48 Jul-06 Average 2224.83 Aug-06 Average 1740.15 Sep-06 Average 1819.76 Oct-06 Average 2006.49 Nov-06 Average 2170.25 Dec-06 Average 2205.02
  • 22. Jan-07 Average 2233.2 Feb-07 Average 2291.93 Mar-07 Average 2075.8 Apr-07 Average 2032.64 May-07 Average 1978.85 Jun-07 Average 1956.61 Jul-07 Average 1965.21 Aug-07 Average 1878.4 Sep-07 Average 1845.03 Oct-07 Average 1923.08 Nov-07 Average 1664.55 Dec-07 Average 1696.61 Jan-08 Average 1547.34 Feb-08 Average 1575.36 Mar-08 Average 1416.56 Grand Average 3785.52
  • 23. Total Traded QuantityLacsPrice Turnover in Close 2103.59 2358.74 2188.08 2479.12 2612.99 2420.03 2348.44 2391.63 2681.51 3862.23 3282.3 3043.26 2713.76 3137.42 3298.75 4411.92 5379.59 6511.82 7603.49 8311.93 10806.95 12610.77 9102.71 10576.68 8363.08 6942.35 8087.56 7705.3 7507.65 8041.27 7033.41 7556.18 6793.84 6253.2 6289.84 4647.09 3650.08 3968.7 3633.05 3641.02 3738.14 2889.69 2765.19 3273.17 4155.01 4060.91 3746.02 3920.82 3762.5 3713.22 3306.3 3219.53
  • 24. 3274.7 3537.41 3694.82 4244.14 4623.14 4529.47 4270.19 4194.22 3359.46 2825.65 3010.8 3388.18 3628.07 4263.58 4577.78 4809.26 5195.58 5568.13 5275.43 5088.15 5263.8 5116.47 5291.5 1442.44 1534.63 1645.75 1771.07 2026.05 2069.15 1996.6 2124.5 2209.31 2043.23 2085.7 2283.67 2265.7 2296.68 2442.17 2559.8 2678.4 2918 2890.02 2825.15 2909.87 3183.6 3079.95 2846.48 2224.83 1740.15 1819.76 2006.49 2170.25 2205.02
  • 26. Symbol Series Date Prev CloseOpen PriceHigh Price Low Price Last Price Close Price Grand Average 32.85 Apr-98 Average 20.85 MRPL EQ Apr-98 18.95 19.75 20.5 19.55 19.95 19.95 MRPL EQ Apr-98 19.95 20 20.3 19.5 19.55 19.65 MRPL EQ Apr-98 19.65 20 20.15 19.3 19.65 19.5 MRPL EQ Apr-98 19.5 19.75 19.95 19.4 19.5 19.5 MRPL EQ Apr-98 19.5 19.65 20.95 19.45 20.95 20.5 MRPL EQ Apr-98 20.5 21.25 21.95 21 21.85 21.8 MRPL EQ Apr-98 21.8 22 22.7 21.35 21.85 22 MRPL EQ Apr-98 22 22.2 22.2 21 21.75 21.5 MRPL EQ Apr-98 21.5 22.5 23.65 22.45 23.65 23.65 MRPL EQ Apr-98 23.65 25.9 26 22.65 22.65 22.95 MRPL EQ Apr-98 22.95 23.45 23.45 21.6 22.8 22.6 MRPL EQ Apr-98 22.6 22.3 22.7 21.5 21.5 21.55 MRPL EQ Apr-98 21.55 21.6 21.8 21 21.8 21.45 MRPL EQ Apr-98 21.45 22.9 23.25 21.2 21.25 21.35 MRPL EQ Apr-98 21.35 21.25 21.25 20.55 20.6 20.6 MRPL EQ Apr-98 20.6 20.05 20.75 19.25 19.95 20.05 MRPL EQ Apr-98 20.05 20 20.5 19.75 20 19.9 MRPL EQ Apr-98 19.9 19.15 19.75 19.15 19.3 19.35 MRPL EQ Apr-98 19.35 20 20.2 19.5 19.55 19.65 MRPL EQ Apr-98 19.65 19.2 19.55 19 19.55 19.45 May-98 Average 18.63 MRPL EQ May-98 19.45 19.65 19.9 19.3 19.4 19.5 MRPL EQ May-98 19.5 19.6 19.8 19.4 19.55 19.55 MRPL EQ May-98 19.55 19.85 19.85 19.3 19.5 19.45 MRPL EQ May-98 19.45 19.75 19.75 19.1 19.4 19.4 MRPL EQ May-98 19.4 19.2 19.4 19.05 19.2 19.2 MRPL EQ May-98 19.2 19.1 19.1 18 18.5 18.55 MRPL EQ May-98 18.55 18.25 18.55 17.85 18 18.05 MRPL EQ May-98 18.05 18 18.5 17.55 18.25 18.35 MRPL EQ May-98 18.35 18.5 18.5 17.85 18 18 MRPL EQ May-98 18 18.25 18.35 17.95 18.05 18.1 MRPL EQ May-98 18.1 18.15 18.4 18 18.3 18.25 MRPL EQ May-98 18.25 18.3 19.55 18.3 19.5 19.35 MRPL EQ May-98 19.35 19.3 20 18.55 18.9 18.85 MRPL EQ May-98 18.85 19.4 19.4 18.4 18.65 18.65 MRPL EQ May-98 18.65 18.6 18.8 18.3 18.3 18.4 MRPL EQ May-98 18.4 18.45 18.5 18 18.05 18 MRPL EQ May-98 18 18.85 18.9 18.05 18.25 18.2 MRPL EQ May-98 18.2 18.35 18.55 18.1 18.15 18.2 MRPL EQ May-98 18.2 18.05 18.1 17.6 18 17.95 Jun-98 Average 16.66 MRPL EQ Jun-98 17.95 18.4 19.7 18.4 18.95 18.65 MRPL EQ Jun-98 18.65 18 18.7 17.7 17.95 17.95 MRPL EQ Jun-98 17.95 18.4 18.45 17.65 17.8 17.95 MRPL EQ Jun-98 17.95 17.75 18.25 17.7 17.85 17.85 MRPL EQ Jun-98 17.85 17.6 17.8 17 17.25 17.2 MRPL EQ Jun-98 17.2 17.5 17.5 16.5 16.95 16.85 MRPL EQ Jun-98 16.85 17 17 16.5 16.95 16.7 MRPL EQ Jun-98 16.7 16.85 17.1 16.5 16.9 17.05 MRPL EQ Jun-98 17.05 16.75 16.95 16.5 16.7 16.65
  • 27. MRPL EQ Jun-98 16.65 16.9 17 16.7 16.85 16.9 MRPL EQ Jun-98 16.9 16.95 16.95 16.2 16.4 16.5 MRPL EQ Jun-98 16.5 16.15 16.15 15.1 15.6 15.55 MRPL EQ Jun-98 15.55 16 17 16 16.85 16.8 MRPL EQ Jun-98 16.8 17 17.2 16.55 16.75 16.8 MRPL EQ Jun-98 16.8 16.5 16.5 15.85 16.2 16.05 MRPL EQ Jun-98 16.05 15.35 15.95 15 15.35 15.25 MRPL EQ Jun-98 15.25 15.25 15.7 15.1 15.4 15.35 MRPL EQ Jun-98 15.35 15.7 16.2 15.55 15.9 16 MRPL EQ Jun-98 16 16.4 16.5 16.05 16.25 16.3 MRPL EQ Jun-98 16.3 16.3 16.5 16 16.4 16.35 MRPL EQ Jun-98 16.35 16 16.25 15.55 16 16 MRPL EQ Jun-98 16 16 16.25 15.8 16 15.9 Jul-98 Average 15.67 MRPL EQ Jul-98 15.9 16 16.25 15.9 16 16 MRPL EQ Jul-98 16 16 16.1 15.75 15.95 15.9 MRPL EQ Jul-98 15.9 15.8 16 15.3 15.5 15.45 MRPL EQ Jul-98 15.45 15.3 15.9 15.15 15.25 15.25 MRPL EQ Jul-98 15.25 15.35 15.8 15.25 15.75 15.7 MRPL EQ Jul-98 15.7 16 16 14.9 15 15 MRPL EQ Jul-98 15 15.45 15.45 14.9 14.95 14.95 MRPL EQ Jul-98 14.95 14.85 15.5 14.85 15.5 15.45 MRPL EQ Jul-98 15.45 15.3 15.55 15.05 15.5 15.45 MRPL EQ Jul-98 15.45 15.4 15.4 15.2 15.2 15.25 MRPL EQ Jul-98 15.25 16.4 17.4 16 16.35 16.4 MRPL EQ Jul-98 16.4 16.35 17 16.35 16.9 16.9 MRPL EQ Jul-98 16.9 17 17 16.5 16.55 16.7 MRPL EQ Jul-98 16.7 16.2 16.45 16 16 16 MRPL EQ Jul-98 16 15.95 16.6 15.4 16.5 16.5 MRPL EQ Jul-98 16.5 16.15 16.55 15.65 16 15.9 MRPL EQ Jul-98 15.9 15.8 15.9 15.5 15.5 15.55 MRPL EQ Jul-98 15.55 15.95 15.95 15.25 15.7 15.5 MRPL EQ Jul-98 15.5 15.5 15.7 15.2 15.6 15.55 MRPL EQ Jul-98 15.55 15.3 15.5 15.05 15.1 15.25 MRPL EQ Jul-98 15.25 15.35 15.5 14.9 15.2 15.25 MRPL EQ Jul-98 15.25 15.2 15.7 15.15 15.5 15.4 MRPL EQ Jul-98 15.4 15.1 15.3 15 15.25 15.15 Aug-98 Average 15.51 MRPL EQ Aug-98 15.15 15.45 15.45 14.5 14.7 14.75 MRPL EQ Aug-98 14.75 14.5 14.8 14.05 14.2 14.3 MRPL EQ Aug-98 14.3 14.8 15.95 14.8 15.9 15.75 MRPL EQ Aug-98 15.75 15.95 16.25 15.7 15.85 15.95 MRPL EQ Aug-98 15.95 16 16 15.8 15.85 15.9 MRPL EQ Aug-98 15.9 15.7 15.85 15.5 15.6 15.6 MRPL EQ Aug-98 15.6 15.5 15.75 15.35 15.5 15.45 MRPL EQ Aug-98 15.45 15.25 15.65 15.25 15.5 15.55 MRPL EQ Aug-98 15.55 15.3 15.75 15.3 15.7 15.65 MRPL EQ Aug-98 15.65 15.5 15.85 15.5 15.5 15.5 MRPL EQ Aug-98 15.5 15.85 15.85 15.15 15.3 15.2 MRPL EQ Aug-98 15.2 15.1 15.4 15.1 15.25 15.25 MRPL EQ Aug-98 15.25 15.3 15.45 15.25 15.35 15.3 MRPL EQ Aug-98 15.3 15.5 15.75 15.35 15.7 15.65 MRPL EQ Aug-98 15.65 15.8 15.8 15.5 15.65 15.6
  • 28. MRPL EQ Aug-98 15.6 15.5 15.65 15.4 15.6 15.55 MRPL EQ Aug-98 15.55 15.6 16.25 15.5 16.1 16.05 MRPL EQ Aug-98 16.05 15.75 16.45 15.5 15.9 15.95 MRPL EQ Aug-98 15.95 15.65 15.9 15.6 15.7 15.75 MRPL EQ Aug-98 15.75 15.95 16 15.5 15.6 15.55 Sep-98 Average 15.08 MRPL EQ Sep-98 15.55 15.5 15.7 15.05 15.05 15.15 MRPL EQ Sep-98 15.15 15.2 15.35 15 15.35 15.3 MRPL EQ Sep-98 15.3 15.25 15.4 15 15.2 15.15 MRPL EQ Sep-98 15.15 15.15 15.25 15 15.05 15.15 MRPL EQ Sep-98 15.15 15 15.25 14.9 14.9 14.95 MRPL EQ Sep-98 14.95 14.9 15.2 14.85 15.05 15.15 MRPL EQ Sep-98 15.15 15.45 15.95 15.05 15.4 15.5 MRPL EQ Sep-98 15.5 15.4 15.65 15.35 15.5 15.5 MRPL EQ Sep-98 15.5 15.4 15.6 15.3 15.4 15.35 MRPL EQ Sep-98 15.35 15.15 15.5 15.1 15.45 15.4 MRPL EQ Sep-98 15.4 15.5 15.6 15.05 15.3 15.2 MRPL EQ Sep-98 15.2 15.15 15.4 15.1 15.1 15.2 MRPL EQ Sep-98 15.2 15.05 15.25 15 15.15 15.15 MRPL EQ Sep-98 15.15 14.95 15.2 14.95 15.15 15.15 MRPL EQ Sep-98 15.15 15.1 16.85 14.9 14.95 14.95 MRPL EQ Sep-98 14.95 15 15.4 14.95 15 15.05 MRPL EQ Sep-98 15.05 15.1 15.2 15 15.05 15.05 MRPL EQ Sep-98 15.05 15.15 15.5 15.05 15.1 15.1 MRPL EQ Sep-98 15.1 15.05 15.2 14.95 15 14.95 MRPL EQ Sep-98 14.95 15 15.15 14.75 14.8 14.8 MRPL EQ Sep-98 14.8 14.8 15 14.15 14.15 14.25 MRPL EQ Sep-98 14.25 14.3 14.5 14.1 14.15 14.25 Oct-98 Average 13.44 MRPL EQ Oct-98 14.25 14 14 13 13.15 13.05 MRPL EQ Oct-98 13.05 13.95 14 12.95 13 13.05 MRPL EQ Oct-98 13.05 13.2 13.7 13.15 13.25 13.25 MRPL EQ Oct-98 13.25 13.45 13.45 13 13 13.05 MRPL EQ Oct-98 13.05 13.2 13.45 13 13.25 13.25 MRPL EQ Oct-98 13.25 13.5 13.5 13 13.05 13.1 MRPL EQ Oct-98 13.1 13.05 13.15 12.9 12.9 12.95 MRPL EQ Oct-98 12.95 13.35 13.5 13.05 13.5 13.45 MRPL EQ Oct-98 13.45 13.25 13.7 13.25 13.5 13.4 MRPL EQ Oct-98 13.4 13.25 13.65 13.1 13.5 13.45 MRPL EQ Oct-98 13.45 15.6 15.6 13.15 13.3 13.2 MRPL EQ Oct-98 13.2 13.05 13.25 12.8 12.9 12.95 MRPL EQ Oct-98 12.95 13.35 13.4 12.5 13.15 13.1 MRPL EQ Oct-98 13.1 13 13.5 13 13.5 13.4 MRPL EQ Oct-98 13.4 13.65 14.75 13.65 14.45 14.45 MRPL EQ Oct-98 14.45 14.5 14.6 14 14.25 14.15 MRPL EQ Oct-98 14.15 14.1 14.45 14.1 14.15 14.2 MRPL EQ Oct-98 14.2 13.75 14 13.6 13.8 13.85 MRPL EQ Oct-98 13.85 13.75 13.9 13.6 13.85 13.75 MRPL EQ Oct-98 13.75 13.5 13.7 13.5 13.7 13.7 Nov-98 Average 13.28 MRPL EQ Nov-98 13.7 13.5 13.7 13.5 13.5 13.5 MRPL EQ Nov-98 13.5 13.45 13.5 13.05 13.1 13.1 MRPL EQ Nov-98 13.1 13.05 13.45 13.05 13.3 13.3
  • 29. MRPL EQ Nov-98 13.3 14.5 14.5 13.15 13.5 13.45 MRPL EQ Nov-98 13.45 13.6 13.65 13.35 13.45 13.45 MRPL EQ Nov-98 13.45 13.3 13.65 13.3 13.65 13.65 MRPL EQ Nov-98 13.65 13.7 14 13.6 13.9 13.85 MRPL EQ Nov-98 13.85 13.75 13.75 13.1 13.4 13.25 MRPL EQ Nov-98 13.25 13.5 13.75 13.3 13.45 13.5 MRPL EQ Nov-98 13.5 13.05 13.4 13.05 13.25 13.2 MRPL EQ Nov-98 13.2 13.25 13.5 13.25 13.35 13.4 MRPL EQ Nov-98 13.4 13.65 13.8 13.25 13.5 13.5 MRPL EQ Nov-98 13.5 13.5 13.6 13.35 13.5 13.5 MRPL EQ Nov-98 13.5 13.45 13.5 13.25 13.4 13.4 MRPL EQ Nov-98 13.4 13.25 13.35 13.25 13.25 13.25 MRPL EQ Nov-98 13.25 13.3 13.3 13.05 13.15 13.15 MRPL EQ Nov-98 13.15 13.05 13.15 12.9 13 13 MRPL EQ Nov-98 13 12.75 13 12.75 12.85 12.85 MRPL EQ Nov-98 12.85 12.85 12.95 12.75 12.8 12.8 MRPL EQ Nov-98 12.8 12.75 13 12.75 12.75 12.75 MRPL EQ Nov-98 12.75 12.8 13.1 12.8 13.1 13.1 Dec-98 Average 12.53 MRPL EQ Dec-98 13.1 12.9 13.1 12.8 13 13 MRPL EQ Dec-98 13 12.8 12.95 12.6 12.85 12.85 MRPL EQ Dec-98 12.85 12.75 12.9 12.65 12.85 12.85 MRPL EQ Dec-98 12.85 12.8 13.05 12.8 12.85 12.85 MRPL EQ Dec-98 12.85 13.05 13.05 12.7 12.95 12.95 MRPL EQ Dec-98 12.95 12.85 12.95 12.5 12.6 12.6 MRPL EQ Dec-98 12.6 12.9 12.9 12.75 12.85 12.85 MRPL EQ Dec-98 12.85 12.75 12.9 12.6 12.7 12.7 MRPL EQ Dec-98 12.7 12.7 12.75 12.1 12.15 12.15 MRPL EQ Dec-98 12.15 12.25 12.65 11.95 12.05 12.05 MRPL EQ Dec-98 12.05 12.1 12.15 11.9 12.1 12.1 MRPL EQ Dec-98 12.1 12.2 12.25 12 12.05 12.05 MRPL EQ Dec-98 12.05 12 12.2 11.6 11.9 11.9 MRPL EQ Dec-98 11.9 12.1 12.1 11.8 11.9 11.9 MRPL EQ Dec-98 11.9 11.9 12.3 11.9 12.05 12.05 MRPL EQ Dec-98 12.05 12 12.25 12 12.25 12.25 MRPL EQ Dec-98 12.25 12.5 13.1 12.5 12.55 12.55 MRPL EQ Dec-98 12.55 12.75 12.8 12.5 12.65 12.65 MRPL EQ Dec-98 12.65 12.85 13 12.65 12.75 12.75 MRPL EQ Dec-98 12.75 12.65 12.9 12.55 12.75 12.75 MRPL EQ Dec-98 12.75 13.2 13.25 12.85 13 13 MRPL EQ Dec-98 13 13.25 13.3 12.8 12.85 12.85 Jan-99 Average 13.16 MRPL EQ Jan-99 12.85 12.9 13 12.8 13 13 MRPL EQ Jan-99 13 13 13.65 13 13.25 13.25 MRPL EQ Jan-99 13.25 13.25 13.4 12.8 13.15 13.15 MRPL EQ Jan-99 13.15 13.1 13.65 13.1 13.3 13.3 MRPL EQ Jan-99 13.3 13.5 13.6 13.2 13.45 13.45 MRPL EQ Jan-99 13.45 13.5 14 13.4 14 14 MRPL EQ Jan-99 14 14.05 14.65 13.7 13.9 13.9 MRPL EQ Jan-99 13.9 13.75 13.95 13.5 13.6 13.6 MRPL EQ Jan-99 13.6 13.75 13.9 13.6 13.65 13.65 MRPL EQ Jan-99 13.65 13.55 13.65 13.25 13.5 13.5 MRPL EQ Jan-99 13.5 13.1 13.45 13.05 13.15 13.15
  • 30. MRPL EQ Jan-99 13.15 12.6 13.05 12.6 12.7 12.7 MRPL EQ Jan-99 12.7 12.65 12.8 12.5 12.6 12.6 MRPL EQ Jan-99 12.6 13.1 13.1 12.55 13 13 MRPL EQ Jan-99 13 12.6 13.15 12.55 13 13 MRPL EQ Jan-99 13 12.6 12.85 12.45 12.55 12.55 MRPL EQ Jan-99 12.55 13 13.1 12.5 12.85 12.85 MRPL EQ Jan-99 12.85 12.5 13 12.3 12.75 12.75 MRPL EQ Jan-99 12.75 13 13.2 12.5 12.6 12.6 Feb-99 Average 11.96 MRPL EQ Feb-99 12.6 12.35 12.95 12.05 12.1 12.1 MRPL EQ Feb-99 12.1 11.9 12.4 11.9 12 12 MRPL EQ Feb-99 12 12.4 12.5 12 12.05 12.05 MRPL EQ Feb-99 12.05 12.25 12.5 12 12.1 12.1 MRPL EQ Feb-99 12.1 12.25 12.25 11.9 12.1 12.1 MRPL EQ Feb-99 12.1 11.75 12 11.5 11.55 11.55 MRPL EQ Feb-99 11.55 11.5 11.75 11.25 11.4 11.4 MRPL EQ Feb-99 11.4 11.4 14.2 11.35 12.55 12.55 MRPL EQ Feb-99 12.55 13.75 13.75 11.8 11.95 11.95 MRPL EQ Feb-99 11.95 11.75 12.05 11.75 12.05 12.05 MRPL EQ Feb-99 12.05 12 12 11.3 11.4 11.4 MRPL EQ Feb-99 11.4 11.45 11.65 11.15 11.3 11.3 MRPL EQ Feb-99 11.3 11.3 12 11.15 11.35 11.35 MRPL EQ Feb-99 11.35 11.55 12 11.1 11.75 11.75 MRPL EQ Feb-99 11.75 11.75 12 11.5 11.7 11.7 MRPL EQ Feb-99 11.7 12 12 11.5 11.85 11.85 MRPL EQ Feb-99 11.85 12 12 11.3 11.3 11.3 MRPL EQ Feb-99 11.3 11.55 12.1 11.55 12.1 12.1 MRPL EQ Feb-99 12.1 12.35 12.5 11.8 11.9 11.9 MRPL EQ Feb-99 11.9 12.15 13.85 12.15 13.85 13.85 MRPL EQ Feb-99 13.85 14.2 14.9 12.7 12.75 12.75 Mar-99 Average 10.99 MRPL EQ Mar-99 12.75 12.3 12.95 11.7 12.2 12.2 MRPL EQ Mar-99 12.2 12.35 12.65 11.5 11.8 11.8 MRPL EQ Mar-99 11.8 12.5 12.5 11.55 11.6 11.6 MRPL EQ Mar-99 11.6 11.65 11.9 11.45 11.5 11.5 MRPL EQ Mar-99 11.5 12.1 12.1 11 11.5 11.5 MRPL EQ Mar-99 11.5 11.6 11.75 11.15 11.2 11.2 MRPL EQ Mar-99 11.2 11.25 12 11.25 11.55 11.55 MRPL EQ Mar-99 11.55 11.25 11.45 11.05 11.15 11.15 MRPL EQ Mar-99 11.15 11.15 11.3 11.05 11.2 11.2 MRPL EQ Mar-99 11.2 11 11.2 10.75 10.75 10.75 MRPL EQ Mar-99 10.75 10.75 10.75 10 10 10 MRPL EQ Mar-99 10 10.15 10.55 10.1 10.4 10.4 MRPL EQ Mar-99 10.4 10.25 10.85 10.25 10.6 10.6 MRPL EQ Mar-99 10.6 10.8 11 10.5 10.65 10.65 MRPL EQ Mar-99 10.65 10.7 10.7 10.25 10.45 10.45 MRPL EQ Mar-99 10.45 10.25 10.7 10.25 10.45 10.45 MRPL EQ Mar-99 10.45 11.7 11.7 10.5 10.85 10.85 MRPL EQ Mar-99 10.85 11.2 11.75 11.1 11.4 11.4 MRPL EQ Mar-99 11.4 11.1 11.4 10.9 11.15 11.15 MRPL EQ Mar-99 11.15 10.85 11.2 10.7 10.9 10.9 MRPL EQ Mar-99 10.9 10.75 10.75 10 10 10 MRPL EQ Mar-99 10 10.05 10.75 10.05 10.4 10.4
  • 31. Apr-99 Average 9.93 MRPL EQ Apr-99 10.4 10.5 10.7 10.3 10.7 10.7 MRPL EQ Apr-99 10.7 10.5 10.5 10.15 10.2 10.2 MRPL EQ Apr-99 10.2 10.1 10.45 9.6 10.1 10.1 MRPL EQ Apr-99 10.1 10.35 10.45 10.05 10.25 10.25 MRPL EQ Apr-99 10.25 10.3 10.3 10 10 10 MRPL EQ Apr-99 10 9.8 10.25 9.8 10.1 10.1 MRPL EQ Apr-99 10.1 10 10 9.75 9.8 9.8 MRPL EQ Apr-99 9.8 9.65 10 9.55 9.75 9.75 MRPL EQ Apr-99 9.75 10.3 10.3 9.7 9.9 9.9 MRPL EQ Apr-99 9.9 9.95 11.1 9.9 10.75 10.75 MRPL EQ Apr-99 10.75 10.75 11.2 9.5 9.9 9.9 MRPL EQ Apr-99 9.9 9.35 10 9.35 9.9 9.9 MRPL EQ Apr-99 9.9 10 10 9.7 9.85 9.85 MRPL EQ Apr-99 9.85 10 10 9.55 9.85 9.85 MRPL EQ Apr-99 9.85 9.6 9.9 9.6 9.8 9.8 MRPL EQ Apr-99 9.8 9.8 10 9.6 9.85 9.85 MRPL EQ Apr-99 9.85 9 9.25 8.85 9 9 MRPL EQ Apr-99 9 9.8 9.8 8.9 9.45 9.45 MRPL EQ Apr-99 9.45 9.5 9.7 9.15 9.5 9.5 MRPL EQ Apr-99 9.5 9.6 10.1 9.6 9.9 9.9 May-99 Average 10.99 MRPL EQ May-99 9.9 9.5 10 9.5 9.55 9.55 MRPL EQ May-99 9.55 10 10.2 9.8 10.15 10.15 MRPL EQ May-99 10.15 10.5 10.5 10 10.1 10.1 MRPL EQ May-99 10.1 9.75 10.15 9.75 10.05 10.05 MRPL EQ May-99 10.05 10.05 10.25 9.8 10 10 MRPL EQ May-99 10 9.95 10.2 9.85 10.15 10.15 MRPL EQ May-99 10.15 10.25 10.9 10.1 10.3 10.3 MRPL EQ May-99 10.3 10.9 11 10.05 10.15 10.15 MRPL EQ May-99 10.15 10.1 10.25 9.9 10.1 10.1 MRPL EQ May-99 10.1 10.4 10.75 10 10.1 10.1 MRPL EQ May-99 10.1 10 10.5 9.8 10.05 10.05 MRPL EQ May-99 10.05 10.1 10.4 10 10.3 10.3 MRPL EQ May-99 10.3 10.55 12.9 10.55 12.9 12.9 MRPL EQ May-99 12.9 14.45 15 13.05 13.25 13.25 MRPL EQ May-99 13.25 13 13 11.75 11.85 11.85 MRPL EQ May-99 11.85 11.6 11.9 10.8 11.25 11.25 MRPL EQ May-99 11.25 10.95 11.45 10.55 11.1 11.1 MRPL EQ May-99 11.1 13.9 13.9 12.4 12.85 12.85 MRPL EQ May-99 12.85 12 12.85 11.9 12.1 12.1 MRPL EQ May-99 12.1 11.6 12.35 11.6 12 12 MRPL EQ May-99 12 12.2 12.75 12.2 12.5 12.5 Jun-99 Average 17.84 MRPL EQ Jun-99 12.5 12.9 12.9 12.2 12.9 12.9 MRPL EQ Jun-99 12.9 12.5 12.5 12 12.2 12.2 MRPL EQ Jun-99 12.2 12.05 12.9 12.05 12.9 12.9 MRPL EQ Jun-99 12.9 12.9 14.55 12.6 14.05 14.05 MRPL EQ Jun-99 14.05 14.1 17.6 13.75 17.6 17.6 MRPL EQ Jun-99 17.6 18.9 22 18.8 22 22 MRPL EQ Jun-99 22 22 22 20.25 20.25 20.25 MRPL EQ Jun-99 20.25 19.15 19.8 18.65 18.65 18.65 MRPL EQ Jun-99 18.65 19 19 16.7 17.5 17.25
  • 32. MRPL EQ Jun-99 17.25 16 17.5 14 16.75 17.2 MRPL EQ Jun-99 17.2 17 18 16.95 17 17.25 MRPL EQ Jun-99 17.25 18 18.45 16.25 18.25 18.2 MRPL EQ Jun-99 18.2 18.5 19 18.1 18.35 18.3 MRPL EQ Jun-99 18.3 18.4 18.45 17.05 17.85 17.85 MRPL EQ Jun-99 17.85 17.45 18.95 17.4 18.9 18.7 MRPL EQ Jun-99 18.7 19.25 20.7 18.9 20.25 20.45 MRPL EQ Jun-99 20.45 20.9 20.9 19.55 19.75 19.75 MRPL EQ Jun-99 19.75 19.2 20.2 19.1 19.7 19.75 MRPL EQ Jun-99 19.75 19.65 19.95 18.75 19.4 19.2 MRPL EQ Jun-99 19.2 19.8 20 19.4 19.6 19.55 MRPL EQ Jun-99 19.55 20 20 19.25 19.65 19.55 MRPL EQ Jun-99 19.55 18.9 19.3 18.7 18.9 18.95 Jul-99 Average 19.33 MRPL EQ Jul-99 18.95 18.1 19.1 18.1 18.5 18.55 MRPL EQ Jul-99 18.55 18.9 18.95 18.55 18.55 18.65 MRPL EQ Jul-99 18.65 19 19.8 18.85 19.35 19.15 MRPL EQ Jul-99 19.15 19.1 19.4 18.8 18.8 18.95 MRPL EQ Jul-99 18.95 19.4 19.4 19 19.1 19.2 MRPL EQ Jul-99 19.2 19.3 19.3 18.75 19 18.8 MRPL EQ Jul-99 18.8 19.15 19.15 18.7 18.75 18.85 MRPL EQ Jul-99 18.85 19 19.75 19 19.5 19.6 MRPL EQ Jul-99 19.6 19.6 20.3 19.4 19.75 19.6 MRPL EQ Jul-99 19.6 20.7 20.7 19.55 19.85 19.9 MRPL EQ Jul-99 19.9 20.25 21.15 19.55 19.75 19.8 MRPL EQ Jul-99 19.8 16.4 19.95 16.4 19.1 19.2 MRPL EQ Jul-99 19.2 20.25 22.25 19.9 21.75 21.55 MRPL EQ Jul-99 21.55 22.5 22.5 21.05 21.25 21.25 MRPL EQ Jul-99 21.25 21.4 21.9 20.7 20.9 21 MRPL EQ Jul-99 21 21.5 21.5 20.15 20.2 20.25 MRPL EQ Jul-99 20.25 20.15 20.65 19.75 20 19.95 MRPL EQ Jul-99 19.95 20.6 20.6 19.45 19.75 19.6 MRPL EQ Jul-99 19.6 19.85 20.5 16.95 17.9 17.45 MRPL EQ Jul-99 17.45 18 19 17.7 18.55 18.85 MRPL EQ Jul-99 18.85 17.5 19.5 17.5 17.8 17.65 MRPL EQ Jul-99 17.65 18 18 17.25 17.4 17.4 Aug-99 Average 20.49 MRPL EQ Aug-99 17.4 17 17 15.5 16.35 16.25 MRPL EQ Aug-99 16.25 16.4 18 16 17.75 17.55 MRPL EQ Aug-99 17.55 17.5 18.25 17.25 17.4 17.45 MRPL EQ Aug-99 17.45 17.25 18.1 17.25 17.5 17.35 MRPL EQ Aug-99 17.35 17.5 17.55 17.25 17.5 17.45 MRPL EQ Aug-99 17.45 17.25 17.65 17.1 17.25 17.2 MRPL EQ Aug-99 17.2 17.3 17.65 17.1 17.25 17.15 MRPL EQ Aug-99 17.15 17.9 18.9 17.3 18.2 18.1 MRPL EQ Aug-99 18.1 19.25 19.25 17.4 17.4 17.5 MRPL EQ Aug-99 17.5 18 18 17.5 18 17.95 MRPL EQ Aug-99 17.95 18.25 19.25 18.25 18.8 18.85 MRPL EQ Aug-99 18.85 18.85 20 18.85 20 19.85 MRPL EQ Aug-99 19.85 20.85 23 20.4 22.35 22.15 MRPL EQ Aug-99 22.15 22.8 23.9 21.5 21.7 21.65 MRPL EQ Aug-99 21.65 22.95 23.4 21.6 23.4 23.4 MRPL EQ Aug-99 23.4 23.75 25.3 23.75 25.3 25.3
  • 33. MRPL EQ Aug-99 25.3 26.95 27.35 25.8 27.35 27.35 MRPL EQ Aug-99 27.35 29.4 29.4 25.2 25.2 25.2 MRPL EQ Aug-99 25.2 26.75 26.75 24.75 24.8 25 MRPL EQ Aug-99 25 25.2 26.2 23.6 24.2 23.9 MRPL EQ Aug-99 23.9 23.55 24 22 22 22 MRPL EQ Aug-99 22 21.85 22.5 20.6 21.95 22.25 Sep-99 Average 21.19 MRPL EQ Sep-99 22.25 22.9 22.9 20.75 21.75 21.55 MRPL EQ Sep-99 21.55 21 21.4 20.5 20.9 20.95 MRPL EQ Sep-99 20.95 19.7 21.45 19.7 20.4 20.4 MRPL EQ Sep-99 20.4 21.95 21.95 20.25 21 21.05 MRPL EQ Sep-99 21.05 21.45 21.5 20.8 21.4 21.3 MRPL EQ Sep-99 21.3 22.35 22.75 21.75 22 21.9 MRPL EQ Sep-99 21.9 22 22.2 21.4 21.95 21.95 MRPL EQ Sep-99 21.95 22 22 20.95 21.8 21.65 MRPL EQ Sep-99 21.65 21.5 21.7 20.5 20.6 20.6 MRPL EQ Sep-99 20.6 20.75 21.55 20.6 20.6 20.8 MRPL EQ Sep-99 20.8 20.8 21.1 20.1 20.6 20.5 MRPL EQ Sep-99 20.5 20.15 21 19.5 20.25 20.35 MRPL EQ Sep-99 20.35 20.75 20.8 20.05 20.1 20.15 MRPL EQ Sep-99 20.15 20.8 21.8 20.8 21.8 21.8 MRPL EQ Sep-99 21.8 23.5 23.55 22.5 22.9 22.7 MRPL EQ Sep-99 22.7 23.5 24.5 21.5 21.5 21.75 MRPL EQ Sep-99 21.75 22 22.45 21.2 21.35 21.35 MRPL EQ Sep-99 21.35 21.9 22 21 21.45 21.25 MRPL EQ Sep-99 21.25 21.7 21.75 20.1 20.3 20.35 MRPL EQ Sep-99 20.35 21 21.45 20.5 21.45 21.3 MRPL EQ Sep-99 21.3 21.5 22.95 21.05 21.4 21.4 Oct-99 Average 20.52 MRPL EQ Oct-99 21.4 20.7 21.45 20.7 21.35 21.25 MRPL EQ Oct-99 21.25 21 21.4 20.65 20.75 20.8 MRPL EQ Oct-99 20.8 20.7 20.9 20.3 20.9 20.55 MRPL EQ Oct-99 20.55 21.25 22.2 21.25 21.8 21.8 MRPL EQ Oct-99 21.8 22.2 22.95 21.75 22 21.95 MRPL EQ Oct-99 21.95 22.5 22.5 21.5 22 21.85 MRPL EQ Oct-99 21.85 22.2 22.5 21.25 21.9 21.8 MRPL EQ Oct-99 21.8 22 22 21.25 21.7 21.5 MRPL EQ Oct-99 21.5 21.5 22 21.3 21.8 21.9 MRPL EQ Oct-99 21.9 22.3 22.5 21.55 21.55 21.6 MRPL EQ Oct-99 21.6 21.6 21.6 20.3 20.35 20.45 MRPL EQ Oct-99 20.45 20.65 21.2 20 20.9 20.7 MRPL EQ Oct-99 20.7 21.5 21.7 21 21.25 21.25 MRPL EQ Oct-99 21.25 21.5 21.65 20.6 20.8 21.05 MRPL EQ Oct-99 21.05 20.55 20.55 19.4 19.6 19.4 MRPL EQ Oct-99 19.4 18.85 19.75 18.6 19.65 19.6 MRPL EQ Oct-99 19.6 19 19.6 18.5 18.9 18.9 MRPL EQ Oct-99 18.9 18.7 19.5 18.5 19.5 19.05 MRPL EQ Oct-99 19.05 19.4 19.6 18.75 19 19 MRPL EQ Oct-99 19 18.6 19 18.4 18.6 18.55 MRPL EQ Oct-99 18.55 18.5 18.5 17.5 18.1 18.05 Nov-99 Average 17.25 MRPL EQ Nov-99 18.05 18.65 18.65 16.55 16.75 16.75 MRPL EQ Nov-99 16.75 16.55 17.85 15.35 17.55 17.6