A SUMMER INTERNSHIP PROJECT

ON
A STUDY ON IMPACT OF COVID-19 ON STOCK MARKET OF
INDIA WITH REFERENCE TO LKP SECURITIES

In partial fulfillment of the requirements

For the award of the degree
Of
Master in Business Administration (MBA)
Submitted by
Supriya Bharti
2001060700201
Submitted to
Dr. Sofia Khan
(Assistant Professor)
School of Management Sciences, Varanasi
Affiliated to
(Dr. A. P. J. Abdul Kalam Technical University, Lucknow)

Session-2020-2022
PLAG CERTIFICATE
CERTIFICATE
 DECLARATION

I hereby declare that the information presented in this summer internship report is

Correct to the best of my knowledge and the analysis is as per the norms and

Guidelines provided for the project. I have utilized the requisite concept and

applied the required methodologies to analyze the data collected to reach the

conclusion present in the project.

I feel extremely exhilarated to have completed this project under the inspiring

Guidance of DR. SOFIA KHAN (ASSISTANT PROFESSOR). Her guidance

and timely encouragement have infused courage in me to complete the work

successfully.

I claim the project to be my indigenous work and have not been published
anywhere else.

Date: Supriya Bharti

MBA III

Roll. No.-2001060700201
 ACKNOWLEGEMENT

First I would like to thank the almighty for keeping me healthy and active because

Of which I was able to complete my project successfully.

My mentor Dr. SOFIA KHAN (Assistant professor) of SMS, Varanasi for

Providing me knowledge, guidance, and full cooperation extended during the

perusal of my project. And at last but not the least I would to think Dr.

AMITABH PANDEY (Associate professor) Coordinator of MBA, SMS,

Varanasi who helped me and enlighten my path. This report is the outcome of the

support which I have received from people directly or indirectly. Finally, I would

like to show my gratitude to all faculty members of SMS Varanasi whose guidance

have helped to complete this report.

Thanks!

Date- Supriya Bharti

MBA III
Roll. No.-2001060700201
 PREFACE

As a part of the MBA curriculum and in order to gain practical knowledge in the

field of management, we are required to make report on “A study on impact of

covid-19 on stock market of India with reference to LKP Securities.”

The basic objective behind doing this project report is to get knowledge of

different tools of making.

In this report we have included various concepts, efforts and strategic tools and

relevant information regarding stock market.

Doing this report helped me to enhance my knowledge regarding the work related

to impact of stock market. Through this report we come to know the team work

and role of devotion towards the work.

 TABLE OF CONTENTS

S.No. TOPICS Page No.

01 Section-A Introduction 01

02 Industry overview 01

03 Size of the industry 02

04 Swot analysis 07

05 Company overview 10

06 Objective of the company 14

07 Turnover of the company 24

08 Market share 26

09 Number of branches 40

10 Tagline 49

11 Swot analysis 50

12 Company growth rate 52

13 Financial performance 54

14 Balance sheet 55

15 Section B Introduction 56

16 Company profiles 56

17 Objective of the company 60

18 Literature review 61

19 Research methodology 62

20 Data analysis 63

21 Data interpretation 64

22 Finding 65

23 Conclusion 66

24 Bibliography 67
 SECTION A

INTRODUCTION
Industry overview

The stock market is the collection of markets and exchanges where regular
activities of buying, selling, and issuance of shares of publicly held companies take
place. Stocks, also known as equities, represent fractional ownership in a company,
and a stock market is a place where investors can buy and sell ownership of such
investible assets. Institutionalized formal exchanges or over-the-counter (OTC)
marketplaces that operate under a well-defined set of regulations, conduct such
financial activities. They make the stock market, a platform to facilitate seamless
exchange of shares.

There are two main stock exchanges in India where the majority of the trade takes
place - the Bombay Stock Exchange (BSE) and the National Stock Exchange
(NSE). NSE, located in Mumbai, and established in 1922 is the leading stock
exchange in India where one can buy and sell shares of publicly listed companies.
NSE has a flagship index named NIFTY50. The index comprises the top 50
companies based on their trading volume and market capitalization. This index is
widely used by investors in India, as well as globally, as the barometer of the
Indian capital markets.

National Security Clearing Corporation Ltd (NSCCL) and Indian Clearing

Corporation Ltd (ICCL) are the subsidiaries of the National Stock Exchange and
Bombay Stock Exchange respectively. They ensure guaranteed settlement of

1
transactions carried in stock exchanges. The clearing corporation ensures there are
no defaults either from the buyers' or sellers' side.

Securities Exchange Board of India (SEBI) is the regulatory body of the Indian
Stock Markets. The important goal of SEBI is to defend the hobby of retail traders,
promote the improvement of inventory exchanges, and alter the sports of economic
intermediaries and investors inside the marketplace. SEBI guarantees that the
inventory exchanges (BSE and NSE), brokers and sub-agents behavior their
enterprise pretty, the company houses do no longer use markets as a median to
unfairly benefit themselves, the rights of small retail buyers are covered and that
the massive scale investors with huge cash do no longer intend on manipulating
markets.

Companies increase capital via the inventory marketplace, which they could utilise
in increasing their organizations. Offering inventory shares instead of borrowing
from economic establishments, is beneficial to the groups because it saves them
from incurring debt and paying hobby charges on that debt. It also provides
investors, folks that buy shares, the opportunity to earn a proportion inside the
income of publicly-traded companies. An investor can earn from the shares that
pay ordinary dividends, i.e. A given sum of money per percentage of inventory, or
might also as nicely profit through promoting their inventory for a profit if the
inventory rate will increase from their buy rate. An effectively functioning stock
marketplace is taken into consideration vital to financial improvement, as it gives
companies the capacity to fast get admission to capital from the general public.

2
There may be multiple inventory buying and selling venues in a country or a
region which permit transactions in stocks and different forms of securities.
Though it is known as a stock market or equity marketplace and is generally
regarded for trading stocks/equities, other financial securities - like exchange-
traded price range (ETF), corporate bonds, and derivatives based totally on shares,
commodities, currencies, and bonds also are traded in the inventory markets.

The individuals and company houses who exchange in a stock marketplace, i.e.
buy or promote shares in a stock market are termed as market contributors. Some
of the large categories of market individuals are as follows:

• Domestic Retail Participants: The people who transact within the markets.

• Non- Resident Indians (NRI) and Overseas Citizens of India (OCI): These
are people of Indian starting place who reside outdoor India.

• Domestic Institutions: These are huge corporate entities based totally in

India.

• Domestic Asset Management Companies (AMC): The marketplace

participants in this category would be mutual fund organizations like HDFC AMC,
SBI Mutual Fund, DSP Black Rock, and plenty of extra similar entities.

• Foreign Institutional Investors: FIIs are Non-Indian corporate entities which

include foreign asset control agencies, hedge funds, and different traders.

A marketplace participant can alternate inside the inventory market only via a
registered middleman known as a stockbroker. A stockbroker or a provider is a
expert character who buys/sells stocks on behalf in their clients. They are entities

3
registered as a trading member of the inventory change and hold a stockbroking
license. They operate under the tips prescribed by using SEBI. An character
Wishes to open a buying and selling/DEMAT account to transact within the
financial market. DEMAT account or dematerialized account allows maintaining
stocks in electronic form instead of taking bodily possession of certificates. It is
essential to have a DEMAT account to change in stocks because it holds all of the
investments an character makes in stocks, change-traded funds, bonds, authorities
securities, and mutual funds in one place.

A depositary is a monetary intermediary that gives the carrier of a DEMAT

account. In India, there are most effective depositaries that offer DEMAT account
services - National Securities Depository Limited (NSDL) and Central Depository
Services (India) Limited (CDSL). An investor cannot without delay go to the
depositary to open the DEMAT account. They want to appoint a Depositary
Participant (DP). According to SEBI suggestions, banks, monetary institutions and
contributors of inventory exchanges registered with SEBI can become DPs.

A buying and selling account is used to location orders within the stock
marketplace. One can open their buying and selling account with a stockbroker
who's registered with SEBI.

4
Size of the industry

India is now the 6th largest stock market, surpassing France for the first time in
market value, with Sensex comparisons rising more than 23% in the last 12
months.

The Indian market stood at $ 3.4055 trillion on Tuesday compared to three

trillion.4023 in France, according to Bloomberg. India has recorded significant
gains in market value this year, adding more than $ 873.4 billion or a 35% increase
from $ 2.52 trillion on December 31, 2020. Since declining in March 2020, India
has brought in about a trillion dollar market. 2.08. limit or profit of 159%. By
2020, it has released a market capitalization of $ 373 billion or a profit of 17.4%
from $ 2.14 trillion. The Indian market stood at $ 3.4055 trillion on Tuesday
reaching $ 3.4023 trillion in France, according to Bloomberg figures. India posted
significant gains in market value this year, adding more than $ 873.4 billion or a
35% increase from $ 2.52 trillion on 31 December 2020. profit. By 2020, it has
introduced a $ 373 billion market capitalization or 17.Four% profits from $ 2.14
trillion.

Strong liquidity and excellent signs of a large economy and may help domestic
markets maintain their movement to report categories. A consumer request may be

5
carefully monitored as predicted to expire, as the holiday season has begun and
regulations are still in place. However, concerns about the third wave of the
pandemic (covid-19) remain, "Motilal Oswal said in his record on Wednesday.

Both Sensex and Nifty are 23% and 25% higher, respectively, 12 months to date,
while foreign and domestic retailers are offering $ 8 billion and R23,532 crore. The
progress of overseas investors in the major development of key economic
indicators including business growth index in July, which changed by 11.5%
(higher than the consensus estimate), almost reaching pre-epidemic stage is also
comforting, analysts say. In addition, the reduction in retail inflation was five.
Three percent of August did well. This should help the Reserve Bank of India to
maintain its tender monetary policy position to help maintain financial stability.

A series of better domestic production than predictable and goods and tax offerings
(GST) mean a steady increase in profits. This should help the market to maintain
premium rates. The GST council is in a good position to convene on Friday to
decide on the inclusion of diesel and petrol in the GST regime.

India's equity market is on the verge of surpassing that of the U.K. come in to join
the top five clubs in the world, at least for one measure. The potential comes as a
record low interest rate and strong retail investments encourage stocks in the
former British colony to record higher prices.

India's market capitalization has risen by 37% this year to $ 3.46 trillion, according
to a report compiled by Bloomberg, which represents a consolidated number of
companies with a headline list there. That is close to the U.K., which has seen a
growth rate of about 9% to $ 3.59 trillion, although the value is much higher when
a second list and deposit receipts are included.

6
As the two economies come together in size, India's high growth potential and the
tangible technology sector that seems to be triggered by a series of public floods
this year offer a emerging market limit - especially when sensitivity to Chinese
shares has deteriorated. As for the U.K., the Brexit-related uncertainty continues to
weigh heavily on the market.

"India is seen as an attractive domestic stock market with the potential for long-
term growth from the immature economy, and a stable and flexible political base is
helping to achieve this," Roger Jones, head of London-based finance and Capital
Asset Management, wrote in an email. "On the other hand, the U.

7
S&P BSE Sensex - a key reference for Indian bourse BSE Ltd. - increased more
than 130% from its diet in March last year, the largest number among the national
average by Bloomberg. It has given investors about 15% annual return on dollar
terms over five years, more than double the 6% of the U.S. FTSE 100 Index.

India's stock market revenue is expected to rise to $ 5 trillion by 2024, according to

Goldman Sachs Group Inc. Nearly $ 400 billion could be added from new IPOs
over the next 2-3 years, writes analysts led by Sunil Koul in a book. note last
month.

8
India's stock market is now the seventh largest, growing in three places, globally as
total market capitalization has risen to $ 2.7 trillion. BSE Sensex exceeded the
51,000 mark on Friday while the NSE benchmark Nifty exceeded the 15,000 mark
for the first time. Including Friday’s gains, the Nifty benchmark gained 6.9% so far
in 2021.

India's stock market is now larger than Canada, Germany and Saudi Arabia, the
Economic Times reported. What should be mentioned here is that the Indian stock
market is the second best performing among the top 15 countries by 2021 and will
soon surpass France to become the sixth largest in the world. The total market
capitalization of France now stands at $ 2.86 trillion.

About 11 months later, the Indian stock market passed through Canada, now the
8th largest market capitalization. Europe's largest economy Germany has a market
value of $ 2.53 trillion. Only two European countries - France and the United
Kingdom - are among the top seven markets, business says daily.

MSCI India index gained 21% over the past three months compared to 19% of
MSCI Emerging Market and 12% of MSCI World indexes.

Foreign portfolio investors have invested about $ 4.05 billion in Indian stocks since
January 1, the second-largest market in emerging markets after Brazil saw an
investment of $ 4.5 billion during this period. The weakness of the US dollar has
helped the emergence of emerging markets in recent months.

Analysts say India has been among the best performers and due to the rapid
recovery of domestic demand following the Covid-19 crisis and the government's
focus on economic recovery.

9
Based on recent IMF estimates, India's growth will return to a high of 11.5% at
FY22 and 6.8% at FY23.

10
Industry growth rate and projection

Stock market return is the growth rate of annual average stock market index.
Annual average stock market index is constructed by taking the average of the
daily stock market indexes available at Bloomberg.

Generally, if you estimate how much your investment in the stock market will
return over time, we recommend that you use an annual return rate of 6% and
understand that you will face lower and higher years. You can use the Nerd Wallet
investment calculator to see what the 6% growth looks like based on how much
you plan to invest.

11
Here are three important things you can do if you want to make money in the stock
market.

1. Develop your enthusiasm for good times. Congratulations, you made money.
However, as stocks rise, keep in mind that the future may be much better than the
past. It seems that investors should re-learn this lesson throughout the bull market
cycle.

2. be more confident when things look bad. A low market should make you happy:
You can buy stocks at attractive rates and expect a high return in the future.

3. You only get a refund rate if you buy and hold. If you trade and go out of the
market regularly, you can expect to earn a little, sometimes much less.
Commissions and taxes consume all your return, while improper trading destroys
your bankroll. Research after research shows that it is almost impossible for even
experts to succeed in the market.

Over time even a few percent points can make the difference between retiring from
a clean nest egg and continuing to struggle through your golden years.

12
13
Product and services of major players

As India's GDP continues to grow, inflation and savings have also seen a dramatic
increase in recent years. With the diversity and complexity of economic products
and the amount of statistics that should be readily available due to the emergence
of technology, it has become increasingly difficult and important to choose the
right tools and to extend the right path to fulfilling one's financial aspirations and
protecting financial.

In today’s world of complex economic units and plenty of alternatives,

monetization programs offer many blessings, as follows:

• A systematic approach to achieving a goal: Money-making schemes enable a man

or a woman to take a scientific approach to planning their finances and take the
character straight to achieve his or her goals.

• Timely proposal on shortages and surpluses: Programs, while periodically

reviewed, allow for short budget allocations to meet any shortcomings leading to
the achievement of objectives as any accumulated funds can be beneficially
redirected to appropriate funding channels.

• Consideration profile of threat and inflation: When making a personal price

range, the risk appetite for the character's food, in line with the character's
economic strength to withstand threats needs to be considered. The Financial
Planning System looks at those factors, and the investment is well planned.

• Market conditions: Monetary systems allow a person to make a higher rate of

market conditions and can help him to change market conditions for the benefit.

14
Equity represents having an acquired agency that provides large sums of money,
necessary for the establishment or operation of a business. This money is collected
through a community stock problem or a group of men and women, where each
part represents a share of the property stake and the employer's income. Both of
these shares are purchased directly from the agency on offer, or sold (offered and
sold) in the stock market.

Despite the worrying threat, investing in stocks is known to offer traders higher
profits over time. Stock investing does not only allow a person to become rich over
the years, but also builds the country's currency in the right way. [Learn More]

For an investor, fairness offers many benefits including:

• Employee income right: The owner of a business or shareholder is entitled to a

profit share within the employer. This revenue share is acquired through dividends.

• Profit with value enhancement: A shareholder can also make a profit by selling
shares in the exchange of assets at a higher value than the acquisition.

• Higher returns: Even if equity is a volatile asset, returns on equity investments

are considered to outweigh inflation over the long term, and aid in the delivery of
wealth.

• Tax Benefits: Investing in stocks offers many tax benefits. For example, under
the Rajiv Gandhi Equity Savings Scheme recently introduced, investments of up to
Rs. 50000 / - within the equality of reference organizations tax deductible. Also,
the dividend obtained by the investor through fairness shares is released into the
investor's hands.

15
Market share of major players

16
The market share reflects the size of the company, a useful metaphor for showing
corporate governance and competitiveness in a particular field. The market share is
calculated as a percentage of a company’s sales compared to the total sales volume
in its industry over time. A company's market share can have a significant impact
on its performance, that is, its performance, rating, and prices that I can offer for its
product or services.

Changes in market share have a significant impact on the performance of

companies in mature or rotating industries where there is low growth. In contrast,

17
changes in market share have little impact on companies in the growing industry.
In these industries, pie prices are growing, so companies can still increase sales
even if they lose market share. For companies in this situation, stock performance
is more affected by sales growth and branding than other factors.

In the cyclical industry, competitive market share is fierce. Economic factors play
a major role in diversifying sales, profits, and genes, among other factors. Jinns
tend to be down and jobs are run with great success due to competition. As sales
come at the expense of other companies, they invest heavily in marketing efforts or
even losing leaders to attract sales.

In these industries, companies may be willing to lose money on products

temporarily in order to force competitors to stop or declare that they are not
cheating. Once they have acquired a large market share and their competitors are
fired, they try to raise prices. This strategy can work, or it can reverse, and cover
up their losses. However, this is the reason why many industries are dominated by
a few major players, such as discount retail sales including Sam's Club, BJ's
Wholesale Club, and Costco.

A company can increase its market share by providing its customers with new
technologies, strengthening customer loyalty, hiring skilled workers, and gaining
competitors.

18
New Technology

Innovation is one of the ways a company can increase market share. When a
company offers to sell new technology that its competitors have not yet provided,
buyers who wish to own the technology buy from that company, even if they have
done business with a competitor before. Many of those buyers become loyal
customers, which increases the company's market share and reduces the company's
market share.

Customer Integrity

By strengthening customer relationships, companies protect their existing market

share by preventing current customers from shipping while competitors make a
new hot offering. Even better, companies can increase market share using the same
simple strategy, as satisfied customers often talk about their positive experiences
with friends and relatives who become new customers. Gaining market share
verbally increases a company’s revenue without a corresponding increase in
marketing costs.

Skilled Workers

Companies with a large market share in their industries almost always have the
most skilled and dedicated staff. Bringing the best employees on board reduces
costs associated with profit and training, and enables companies to utilize more
resources to focus on their core competencies. Providing competitive wages and
benefits is one proven way to attract the best employees. However, workers in the

19
21st century also seek intangible benefits such as schedules that are consistent with
normal working conditions and conditions.

Discovery

Finally, one of the surest ways to increase market share is to find a competitor. In
doing so, the company does two things. It caters to existing customers of a newly
acquired company, and reduces the number of firms fighting for the same piece of
pie each. Smart executives, whether they own small businesses or large companies,
are always looking to find a good buy deal when their companies are on the growth
model.

20
SWOT Analysis

SWOT Analysis for stocks is one of the most widely used tools for performing the
‘qualitative’ study of the company. It helps to understand the company’s market
position and competitive advantages

21
Strength

Business power varies from business to business. For example, a non-performing

asset (NPA) may be a potential regional banking entity. On the other hand, cheaper
suppliers or pricing benefits can be a great source of electricity for a car rental.

Here are a few other organizational strengths to be aware of as the SWOT stock
analysis emerges:

• Strong funds

• Effective Management (People, Staff etc.)

• Large product recognition

• A team of skilled workers

• Repeat clients

• Cost benefits

• A fast-paced business model

• Customer loyalty

Weaknesses

‘Contrary’ to all that is said within ‘Power’ could be organizational weakness. For
example - Poor finances, poor management, reputation, bad team skills, repetitive
clients, unruly businesses and unreliable customers.

In addition, there are various weaknesses that may affect the employer:

• Outdated generation.

22
• Lack of funds

• Excessive debt

For example - many companies within the telecommunications business have lost
business as they have been using the older generation of 2G / 3G. Similarly, within
a region of renewable energy, renewable energy generation is being created and
those groups that are not working with new technologies may quickly wear out. In
short, previous technologies have a negative impact on many companies.

Opportunity

An opportunity-oriented agency has a lot of work to do and benefit in the future.

Here are some points you need to keep in mind while comparing your employer's
opportunities:

• Opportunity for internal growth- (New product, new market etc)

• Opportunity for external promotion (Consolidation and Acquisition)

• Extension (vertical or horizontal)

• Relaxing government policies

• New Age (Research and Development)

23
Threats

In order to survive (and moreover always make a profit), it is very important for
the company to analyze its threats. Here are some of the biggest threats to the
company:

• Competition

• Changing new sponsor options / trends

• Negative Government policies

Flexible customer options are one of the recurring threats many industry faces.
Here, if no appropriate action is taken to retain a sponsor, that will have a negative
impact on business profits.

For example - The new practice of ‘health care for different people’ may bring
about a reduction in the revenue of soft drinks / soft drinks businesses. (These
organizations are fighting for this opportunity by introducing ‘DIET-COKE’).

Similarly, the choice of Ayurveda products in India has already reduced the sales
of non-Ayurveda FMCG agencies (as well as the rise of PATANJALI).

24
Company overview

Since the legacy dates back to 1948, LKP Securities Limited is a pioneer in the
financial services industry and has established itself as a single response to all
fundraisers and sponsorships. LKP Securities Limited has been the company listed
on the BSE for the purposes of December 2016.

We have the presence of PAN India as well

It is present in all 200+ cities in India

1,50,000+ customers with direct power

2187 Business Associates

13 branches including our Head Office in Nariman Point, Mumbai.

10 Regional Offices

LKP Securities Limited offers a variety of financial contributions as well

Equality: BSE & NSE.

Debt Tools

SEBI Approved: Planned Products (Investment Advice, LKP Investment Advisory

Services owned by LKP Securities Limited): SPIP Seven Picks Investment Plan,
Alpha Trade, White Whale, P2P Lending Platforms

SEBI Authorized: Portfolio Management Services.

25
AMFI Registered External Company Distribution: MF all Corporate Fund
Distributors, Insurance & Loans.

Assets and Currency: MCX, NCDEX, DGCX, NSE Interest Rate Futures, MCX
SX & NSE Currency.

Custom Research and Advisory Services through our Basic Research and
Technology Desk.

LKP Securities limited has been expanding its operations with IT in India and
today is a major diversified funding firm. We would like to explore the opportunity
for strategic partnerships in a way that equates to motivate the community of others
and expand our diverse operations in India and GCC countries, the Banking and
Asset Management regions.

Equilibrium and output:

When it comes to trade equity, LKP offers a dual advantage of a robust online
trading platform over a fully audible risk management device (RMS). LKP also
offers a truly informative and economical online buying and selling platform,
offering a seamless 2-in-1 trading experience and demat. The LKP also has a
strong institutional desk that oversees local budgets, insurance businesses, banks
and FII. We also provide a Direct Market Access (DMA) platform where FII and
local institutions can place nearby orders in a simple and transparent way.

LKP team infrastructure

Secure and complex structures, operational procedures and clear risk management
rules to deal with excess business transactions.
26
2187+ stores across India Include two hundred used cities, including 10 local
offices in Mumbai, Delhi, Kolkata, Pune, Ahmedabad, Bangalore, Chennai, Nasik,
Hyderabad and Patna.

The research covers a broad spectrum ranging from macroeconomics forecasts to

in-depth analysis of agencies and sectors; studies are rated comparatively with their
accuracy, clarity and comprehensive integration including Basic Analysis,
Technical Analysis and daily research reviews. The study also covers Fixed
Income Markets, Fund Schemes and Commodity Markets.

Fixed Income and Distribution:

LKP is identified as a first-rate trader in the credit market and conducts specialized
institutional transactions on behalf of FII, mutual funds, banks, major brokers,
large corporations and Provident Fund Trusts. We are also the leading bank
providers in short-term depositing and long-term credit paper. Distribution for the
most part focuses on IPOs and affiliate fund sales. LKP will probably surpass the
standard distribution feature by customizing solutions to specific customer
preferences. At that rate, we have emerged as the real financial advisor for the real
blue.

Assets and Fees:

The LKP provides low-risk trade ideas to retail customers, trading ideas for
positions in HNIs and companies as well as an important guide to protecting
businesses with a risk of asset costs. In fact, we offer business solutions for the

27
integration of metals, industries, electricity and agricultural products. LKP also
offers buy and sell foreign currency pairs to buyers and companies to manage their
forex risk effectively.

The three pillars of LKP - Research, Technology and Trust:

Strong attention to short-term and long-term research ensures that market people
are able to change with a clear and scientific perspective. Technology actually
forms the basis of all our buying and selling, DMA and risk management and gives
us a cutting edge. Above all, customer confidence defines us and that continues to
be our guiding pressure.

LKP Securities Limited and its affiliates enjoy the following registration and
membership:

Section I Merchant Bankers with SEBI

BSE & NSE Membership (Money and Credit Market)

AMFI has registered all distributors of the India Mutual Fund

Member of Commodity Exchange MCX, NCDX and DGCX (Dubai)

NSE Member of Interest Rate Futures

Member of MCX SX and NSE Currency

Equities Retail

28
LKP offers a wide range of services including Currency Trading and Other
Outbound, online trading, Demat services and research services. If you work with
LKP you are working with a qualified dealer with a central risk management
system in Mumbai. The LKP follows the hub and spoken branch management
model in which all branches and franchises interact with the center / regional office
and the regional / institutional office communicates with Head Office. The
company has a good level of flexibility in managing customer risk level, which
benefits the client

Institutional Equities

Our customers at the center desk include local Mutual wallets, Insurance
Companies, Foreign Investors, Banks and Companies.

LKP is the first reseller to provide Direct Market Access (DMA) to Center Clients
on the FT Platform. We provide equitable research-based marketing services and
derivative segments to our institutional clients.

29
Mission statement

(a) A simplified business framework that gives shareholders of LKP Finance

Limited the direct participation of SEBI Registered Business Mediators;

(b) The proposed subdivision will create an improved number of shareholders and
allow for a more focused strategy, which could be to the benefit of all stakeholders.
This plan will enable investors to hold investments in businesses with different
investment characteristics thus enabling them to choose investments that best suit
their investment strategies and risk profile.

(c) The risk and competitive environment involved in each business owned by
LKP Finance Limited is unique and as a result each business or activity is able to
attract a diverse group of investors, strategic partners, lenders and other
stakeholders. There are also differences in the way each business should be run and
managed. The proposed Scheme will enable LKP Finance Limited to restructure
and diversify its activities for SEBI Registered Mediators by transferring its
Combined Task to LKP Securities Limited. LKP Finance Limited had received the
Note Book on the Planning Scheme from BSE Limited for its letter dated October
20, 2015 which also contained the comments / general.

30
Objective of the company

 To study the various aspect of Indian stock market in detail with reference to
LKP Securities.

 To know the past and current movements in Indian stock market with
reference to LKP Securities.

 To know the future prospects of Indian stock market with reference to LKP
Securities.

31
History of the company

Considered one of the first mortgages in India in 1948 today it is one of the U. The
large multilingual financial institution of S. A. LKP Finance Limited is a NBFC
registered with the Reserve Bank of India and a privately owned listed company
with a total value of Rs.158 crores from FY14. We are the first Indian financial
institution to introduce ISO 9002 certified KPMG Quality Registrar, USA, for
certain businesses. Since 1948, LKP has continued to provide customers with a
single source that can meet all of their needs - be it Equity Markets, Credit
Markets, Business Finance, Investment Banking, Merchant Bank, Asset
Management or Assets.

A. With a legacy dating back to 1948, LKP Securities Limited is a pioneer in the
economic commodity business and has created a gap as a single response to all
financial and investment providers. LKP Securities Limited is a BSE listed
company since December 2016.

We have the presence of PAN India as well

• Attendance in all 200+ cities in India

• 1, 50,000+ direct working customers

• 2187 Business Associates

• 13 branches include our Head Office in Nariman Point, Mumbai.

32
• 10 Regional Offices

LKP Securities Limited offers a variety of financial contributions including

• Equity: BSE & NSE.

• Debt Tools

• SEBI Approved: Planned Products (Investment Advisory, LKP Wealth Advisory

Services Company owned by LKP Securities Limited): SPIP Seven Picks
Investment Plan, Alpha Trade, White Whale, P2P Lending Platforms

• SEBI Authorized: Portfolio Management Services.

• AMFI Registered External Company Distribution: MF All Corporate Fund

Distributors, Insurance & Loans.

• Property and Currency: MCX, NCDEX, DGCX, NSE Interest Rate Futures,
MCX SX & NSE Currency.

• Customized research services and advice through our Fundamental & Technical
Research Desk.

LKP Securities constrained has been expanding its operations and IT in India and
today it is a leading company offering a diversified economy. We would like to
find out if it is possible to integrate in order to develop the individual community
and expand our diverse operations in India and the GCC countries, the Bank and
Asset Management regions.

33
Lkp Securities Limited is a Public Entity formed on 03 August 1994. It is classified
as a Non-Governmental Company and registered with the Registrar of Companies,
Mumbai. Its approved budget is Rs. 350,000,000 and the amount paid is Rs.
147,868,992. Included in the Services that facilitate financial communication,
excluding insurance and pension subsidies.

The Annual General Meeting of Lkp Securities Limited (AGM) was last held on
31 August 2020 and historically from the Ministry of Corporate Affairs (MCA), its
balance was lasted until 31 March 2020.

The directors of Lkp Securities Limited are Mahendra Vasantrai Doshi, Anjali
Suresh, Sajid Mohamed, Satvinderpal Singh Gulati, Pratik Mahendra Doshi,
Ganesh Arun Malhotra,.

Lkp Securities Limited Company Identity Number is (CIN)

L67120MH1994PLC080039 and its registration number is 80039. Its email
address is [email protected] and its registered address is 203
EMBASSY CENTER NARIMAN M2 POINT, 0000 MUMBA

Current Status of Lkp Securities Limited - Active.

34
Company Details

CIN L67120MH1994PLC080039

Company LKP SECURITIES LIMITED

Name

Company Active
Status

RoC RoC-Mumbai

Registration 80039
Number

Company Company limited by Shares

Category

Company Sub Non-govt company

Category

Class of Public
Company

Date of 03 August 1994

Incorporation

Age of 27 years, 4 month, 23 days

Company

Activity Activities auxiliary to financial

intermediation, except insurance and
pension funding.[This Group includes
activities involved in or closely related to
financial inter-mediation other than
insurance and pension funding but not
themselves involving financial inter-

35
 CIN L67120MH1994PLC080039

mediation].
The Indian market stood at $ 3.4055 trillion on Tuesday compared to three
trillion.4023 in France, according to Bloomberg. India has recorded significant
gains in market value this year, adding more than $ 873.4 billion or a 35% increase
from $ 2.52 trillion on December 31, 2020. Since declining in March 2020, India
has brought in about a trillion dollar market. 2.08. limit or profit of 159%. By
2020, it has released a market capitalization of $ 373 billion or a profit of 17.4%
from $ 2.14 trillion. The Indian market stood at $ 3.4055 trillion on Tuesday
reaching $ 3.4023 trillion in France, according to Bloomberg figures. India posted
significant gains in market value this year, adding more than $ 873.4 billion or a
35% increase from $ 2.52 trillion on 31 December 2020. profit. By 2020, it has
introduced a $ 373 billion market capitalization or 17.Four% profits from $ 2.14
trillion.

Strong liquidity and excellent signs of a large economy and may help domestic
markets maintain their movement to report categories. A consumer request may be
carefully monitored as predicted to expire, as the holiday season has begun and
regulations are still in place. However, concerns about the third wave of the
pandemic (covid-19) remain, "Motilal Oswal said in his record on Wednesday.

Both Sensex and Nifty are 23% and 25% higher, respectively, 12 months to date,
while foreign and domestic retailers are offering $ 8 billion and R23,532 crore. The
progress of overseas investors in the major development of key economic
indicators including business growth index in July, which changed by 11.5%
(higher than the consensus estimate), almost reaching pre-epidemic stage is also
comforting, analysts say. In addition, the reduction in retail inflation was five.

36
Three percent of August did well. This should help the Reserve Bank of India to
maintain its tender monetary policy position to help maintain financial stability.

37
Types of product and services

LKP Securities is a well-established and flexible dealer house in India. Known for
its popular architecture and continuous processes, LKP offers the opportunity to
enter the single window for its customers in all the needs associated with the
financial market environment.

LKP is a one-stop shop for all your financial needs and offers a wide range of
inclusive offerings

• Sale of Equal Cash and Other Offenses

• Fully online based trading

• Demat Services

• Research

• Debts and Money Market Sales

• Merchant Bank (category 1)

• Money

• Stock Loan and Financing Funding

• Integration and Acquisition (M&A)

• Commercial Real Estate

• AMFI has registered all distributors of the India Mutual Fund

• Shared Fund Distribution

38
• IPO (New Issue) Distribution

As an LKP buyer you see that you are dealing with a professional retailer with a
mid-range risk management system near Mumbai. LKP has an amazing level of
reliance on managing the customer risk category, which also benefits the
consumer.

LKP is dedicated to fulfilling the needs of our customers and, in so doing,

specializes in providing a high level of unique and personal network company. Our
teams of amazingly talented traders, integrated with our world of art trading
platforms, provide the trader with everything he needs in an aggressive market
place. Our workshop is staffed by skilled multilingual staff, who provide
personalized trading services to a diverse client base throughout India.

39
Size and turnover the company

Yearly - LKP Securities Ltd.

Rs (in Crores)

Mar'21 Mar'20 Mar'19 Mar'18 Mar'17

INCOME

Net Sales Turnover 83.74 73.04 94.50 81.99 63.40

Other Income .65 .55 .36 4.54 2.06

Total Income 84.39 73.59 94.86 86.53 65.47

EXPENSES

Stock Adjustments .00 .00 .00 .00 .00

Raw Material Consumed .00 .00 .00 .00 .00

Power and Fuel .00 .00 .00 .00 .00

Employee Expenses 30.84 31.10 38.32 29.94 26.20

Administration and Selling Expenses .00 .00 .00 .00 .00

Research and Development

Expenses .00 .00 .00 .00 .00

Expenses Capitalized .00 .00 .00 .00 .00

Other Expenses 36.09 33.93 47.39 35.73 31.40

Provisions Made 9.10 .54 .00 .00 .00

TOTAL EXPENSES 76.03 65.58 85.71 65.67 57.61

40
Operating Profit 7.71 7.46 8.79 16.31 5.80

EBITDA 8.36 8.01 9.15 20.86 7.86

Depreciation 1.64 1.16 .88 .96 1.26

EBIT 6.72 6.85 8.27 19.90 6.60

Interest 1.19 4.66 7.48 6.72 4.12

EBT 5.54 2.20 .78 13.18 2.48

Taxes 1.62 .63 -1.11 5.21 .15

Profit and Loss for the Year 3.92 1.57 1.90 7.97 2.33

Extraordinary Items .00 .00 .00 .00 .00

Prior Year Adjustment .00 .00 .00 .00 .00

Other Adjustment .00 .00 .00 .00 .00

Reported PAT 3.92 1.57 1.90 7.97 2.33

KEY ITEMS

Reserves Written Back .00 .00 .00 .00 .00

Equity Capital 14.79 14.79 14.79 14.64 14.64

Reserves and Surplus 28.93 24.77 23.30 21.56 12.86

Equity Dividend Rate 10.00 .00 .00 5.00 .00

Agg. Non-Promoter Share(Lakhs) .00 .00 .00 .00 .00

Agg. Non-Promoter Holding (%) .00 .00 .00 .00 .00

Government Share .00 .00 .00 .00 .00

Capital Adequacy Ratio .00 .00 .00 .00 .00

EPS(Rs.) Nan Nan Nan Nan Nan

41
Organizational chart of the company

42
43
Office of the company

Ahmedabad
LKP Securities Limited. Regional Office. A-Wing 511 and 512"Stellar" Shindu
Bhavan Road Off Pakwan Cross Road S G Highway Ahmedabad: 380054,
Telephone : 26475019
Mobile : 9825128046
Email : [email protected]
Contact Person : Mr. Kaushal Joshi

Hyderabad
LKP Securities Limited. Regional Office. 303A,
Meridian Plaza,
Ameerpeth,
Hyderabad-500016,
Telephone : +91 040-66821504/06
Mobile : 9331026139
Email : [email protected]
Contact Person : Mr. Srikanth C

Patna Regional Office

Unit A,
B & C.3rd Floor,
Kedar Bhawan,
S.P.Verma Road,
Patna ,

44
Bihar -800001,
Telephone : 06122218070
Mobile : 6203060106
Email : [email protected]
Contact Person : Mr. Amit Shekhar

Bangalore
LKP Securities Ltd. Regional Office. Mezzanine Floor,
49/2,
Rama Arcade,
Hospital Road,
Infantry Road,
Bangalore-560001,
Telephone : 080-46741406
Mobile : 9901610626
Email : [email protected]
Contact Person : Abhilash J

Mum-Nariman point (Head Office)

LKP Securities Limited. Corporate Head Office. 1302/1304,
13th Floor Raheja Centre,
Free Press Journal Marg,
Nariman Point,
Mumbai,
Maharashtra 400021,
Telephone : 022 66351234
Email : [email protected]
Contact Person :

Chennai
LKP Securities Limited. Regional Office. New No.169(Old 76) 3rd floor,
Bank of Baroda Building,

45
T.T.K Road,
Alwarpet,
Chennai,
Tamil Nadu 600018,
Telephone : 04446061300 / 04446061317
Mobile : 09092923456 / 09841161549
Email : [email protected]
Contact Person : Mr. T. Mahendran / Mr. Kanagasabapathy N

Kolkata
LKP Securities Ltd.,
41B Rashbehari Avenue,
Kolkata-700026.,
Telephone : 033-40361533
Mobile : 9831752746
Email : [email protected]
Contact Person : Vice President -Mr.Partho Chatterjee

46
Contact details of the company

47
48
Photograph of the company

Head Office1302/1304, 13th Floor,

Raheja Centre Buliding,
Free Press Marg, Nariman Point,
Mumbai – 400021.
Tel : +91-22-66351234
Whats App Us : 7208914888

49
50
Logo of the company

51
Tagline of the company

With a legacy dating back to 1948, LKP Securities Limited is a pioneer in the
financial services business & has carved a niche for itself as a one-stop solution for
all financial & investment provider. LKP Securities Limited has been a listed entity
son BSE since December 2016.

Secured and sophisticated systems, operation processes and clear Risk

management policies to handle high volumes business.

52
Product list of the company

 Cash Sales and Other Sponsors

 Internet-based trading

 Stop services

 Research

 Debts and Money Market Sales

 Merchant Bank (section 1)

 Money

 Loans against stocks and financial support

 Integration and Acquisition (M&A)

 Commercial real estate

 AMFI has registered all India Mutual Fund Distributors

 Mutual Fund Distribution

 IPO (New Issue) Distribution

53
As an LKP buyer you are in charge of a professional vendor with a mid-range
threat controller in Mumbai. LKP has an outstanding level of flexibility in dealing
with customer risk level, which in turn blesses the sponsor.

LKP is dedicated to fulfilling the needs of our customers and, to date, has focused
on providing a high level of specialized and confidential network company. Our
team of highly experienced retailers, including our real estate buyers, provide the
trader with everything they need in a competitive market environment. Our
workshop has experienced multilingual staff, who offer to buy and sell donations
on a personal time to various clients throughout India.

54
SWOT analysis of company
Strength:

• A focused business version with a specific list of economic products and a

nationally intelligent presence in all financial priorities

Donations.

• Customer personalized services and transparent structure.

• A well-certified and experienced team of staff.

• Improved risk management system.

• Both Online and Offline Trading Platform.

• Various branches and communities provide an opportunity to target trusted and

underutilized markets.

• A team of researchers who provide separate Technical Analysis and Analysis.

Weaknesses:

• Low access to Phase II cities in rural areas.

• Retailers are more willing to invest in stocks.

Opportunities:

• Financial contributions such as mutual funds and PMS.

• Building new customer relationships.

• Support from LKP reputation.

• Increasing customer counseling services.

55
• Many projects have been undertaken to improve the product portfolio.

Threats:

• Money laundering and financial markets, for more information.

• Increasing threat of a global economic downturn.

• The catastrophic fall of global economic markets in addition to the development

of China's economic system.

• Growing competition.

• Reduced sales costs.

Company growth rate projection

So a good deal of those market adjustment predictions in October. The S&P 500
ended the month on a high note and increased by 6.9%, with its biggest monthly
gain of 2021. This US stock market rate rose above 22% in 12 months while the
Dow Jones Industrial Average, Nasdaq Composite and Russell 2000 all rose as a
low 16%.

Although buyers feel more formed about stocks too, that does not mean that their
warning motives are long gone. If so, the profit season has ensured that the growth
rate has slowed sharply than expected by economists. A few Big Tech companies
report disappointing results of revenue, causing ongoing problems and inflation is
now over 13 years old.

56
The third district benefit season continues, and profit reports are often strong. More
than half of the S&P 500 members reported the results, with 82% exceeding
analysts' ratings. Some of the seemingly bad news — such as slowing economic
growth — should actually win shares, especially if the Federal Reserve does not
compete with high recreational costs by 2022, notes Ernesto Ramos, chief
investment officer of BMO Global Asset Management. Also, the picture of
inflation should put pressure on major banks to raise prices faster, he adds.

"There is a perfect balance of competing or competitive power in the market," said

Ramos, which includes that time will inform "who ultimately wins the
competition."

November kicks off with an important Federal Reserve meeting, and ends with the
most important excursion buying season with full flexibility. Here's what you need
to be aware of in the market.

Is the Fed Starting to Reduce?

Federal Reserve policymakers are scheduled to meet for their 2nd to last annual
meeting on Nov. 2 and 3, and investors are highly anticipating that the Fed will
announce initial plans to reduce bond purchases. As of mid-2020, the Fed has been
purchasing $ 120 billion in Treasury securities and loan-backed securities on a
monthly basis to help steer the economy during the Covid-19 epidemic.

"Obviously, they have signed and signed and signed and indicated that they will do
the tapering, and this time they understand that," said Barry James, CEO and
portfolio manager of James Investment Research. Although he believes the Fed is

57
"especially likely" to begin recording in November that information should not
come as a surprise or a cause for stagnation. Back in 2013, similar protests rocked
the markets and brought the U.S. Treasury harvest to fruition.

If the Fed begins to emerge by changing its quantitative easing (QE) system as
planned, it could stop buying bonds altogether by 2022, Ramos notes. Although the
pace of economic growth has slowed, this kind of additional guidance from the Fed
is unimportant and has contributed to inflation, it provides. "If there is no reason
for inflation, the Fed needs to stop QE," he said.

Predicting Growth

Once revenue has been determined, future growth can be done in the same way.
Applying the growth rate to income can help determine future income growth.
Setting the appropriate growth rate will be based on your expectations about
product value and future unit sales. Entering new and existing markets and the
ability to steal stocks in the market will have an impact on future unit sales.
Industrial outlook, analysis of key product features, and demand are key factors in
predicting growth rates.

Let's look at an example. ABC Company starts with a profit of $ 100. They are
expected to grow in line with the market. ABC predicts its ability to increase
market share and set prices. Here is their forecast:

58
Year Incremental Market Share
Market Growth Pricing Power Calculated Growth Rate Revenue
Gains

0         $100.00

1 10% 5% 0% 15.00% $115.00

2 9% 5% 0% 14.00% $131.10

3 9% 1% -10% 0.00% $131.10

4 9% 1% -5% 5.00% $137.66

In Years 3 and 4, both incremental market share and pricing power decrease, which
directly impacts growth rates. 
59
Financial performance of the company
PROFIT & LOSS ACCOUNT OF LKP SECURITIES (in Rs. Cr.) MAR 21
MAR 20 MAR 19 MAR 18 MAR 17
12 mths 12 mths 12 mths 12 mths 12 mths
INCOME
REVENUE FROM OPERATIONS [GROSS] 83.74 73.04 94.77 86.41 53.45

Less: Excise/Service Tax/Other Levies 0.00 0.00 0.00 0.00 0.00

REVENUE FROM OPERATIONS [NET] 83.74 73.04 94.77 86.41 53.45
TOTAL OPERATING REVENUES 83.74 73.04 94.77 86.41 63.40
Other Income 0.65 0.55 0.36 0.12 2.39
TOTAL REVENUE 84.39 73.59 95.13 86.53 65.79
EXPENSES
Cost of Materials Consumed 0.00 0.00 0.00 0.00 0.00
Operating and Direct Expenses 34.31 22.45 33.23 25.85 0.00
Changes in Inventories of FG, WIP and Stock-In Trade 0.00 0.00 0.00 0.00
0.00
Employee Benefit Expenses 30.84 31.10 38.22 29.94 26.60
Finance Costs 1.19 4.66 7.58 6.72 4.22
Depreciation and Amortization Expenses 1.64 1.16 0.88 0.96 1.10
Other Expenses 10.89 11.48 14.04 9.88 33.97
TOTAL EXPENSES 78.86 71.39 94.35 73.35 65.88
PROFIT/LOSS BEFORE EXCEPTIONAL, EXTRAORDINARY ITEMS AND
TAX 5.54 2.20 0.78 13.18 -0.09
Exceptional Items 0.00 0.00 0.00 0.00 0.00

60
PROFIT/LOSS BEFORE TAX 5.54 2.20 0.78 13.18 -0.09
TAX EXPENSES-CONTINUED OPERATIONS

Current Tax 0.60 0.86 0.33 2.73 0.00

Less: MAT Credit Entitlement 0.00 0.00 0.14 0.00 0.00
Deferred Tax 0.84 -0.23 -0.96 2.48 -0.59
Tax For Earlier Years 0.18 0.00 -0.34 0.00 0.00
TOTAL TAX EXPENSES 1.62 0.63 -1.11 5.21 -0.59
PROFIT/LOSS AFTER TAX AND BEFORE EXTRAORDINARY ITEMS 3.92
1.57 1.90 7.97 0.50
PROFIT/LOSS FROM CONTINUING OPERATIONS 3.92 1.57 1.90 7.97
0.50
PROFIT/LOSS FOR THE PERIOD 3.92 1.57 1.90 7.97 0.50
OTHER ADDITIONAL INFORMATION
EARNINGS PER SHARE
Basic EPS (Rs.) 0.53 0.21 0.26 1.09 0.07
Diluted EPS (Rs.) 0.53 0.21 0.26 1.07 0.07
VALUE OF IMPORTED AND INDIGENIOUS RAW MATERIALS STORES,
SPARES AND LOOSE TOOLS
Imported Raw Materials 0.00 0.00 0.00 0.00 0.00
Indigenous Raw Materials 0.00 0.00 0.00 0.00 0.00
STORES, SPARES AND LOOSE TOOLS
Imported Stores And Spares 0.00 0.00 0.00 0.00 0.00
Indigenous Stores And Spares 0.00 0.00 0.00 0.00 0.00
DIVIDEND AND DIVIDEND PERCENTAGE

Equity Share Dividend 0.00 0.00 0.00 0.00 0.00

61
Tax On Dividend 0.00 0.00 0.00 0.00 0.00
Equity Dividend Rate (%) 0.00 0.00 0.00 5.00 0.00

Balance sheet of the company

BALANCE SHEET OF LKP SECURITIES (in Rs. Cr.) MAR 21 MAR 20

MAR 19 MAR 18 MAR 17
12 mths 12 mths 12 mths 12 mths 12 mths
EQUITIES AND LIABILITIES
SHAREHOLDER'S FUNDS
Equity Share Capital 14.79 14.79 14.79 14.64 14.64
TOTAL SHARE CAPITAL 14.79 14.79 14.79 14.64 14.64
Reserves and Surplus 28.93 24.77 23.30 21.56 12.86
TOTAL RESERVES AND SURPLUS 28.93 24.77 23.30 21.56 12.86
TOTAL SHAREHOLDERS FUNDS 43.71 39.56 38.08 36.20 27.51
NON-CURRENT LIABILITIES
Long Term Borrowings 2.92 2.66 2.74 65.88 0.25
Deferred Tax Liabilities [Net] 0.00 0.00 0.00 0.00 0.00
Other Long Term Liabilities 1.66 1.87 3.89 3.54 2.27
Long Term Provisions 1.98 2.52 2.02 2.38 1.20
TOTAL NON-CURRENT LIABILITIES 6.56 7.05 8.65 71.80 3.72
CURRENT LIABILITIES
Short Term Borrowings 10.16 15.10 25.32 0.00 65.42
Trade Payables 91.85 51.88 51.88 56.11 71.16
Other Current Liabilities 42.42 30.67 19.41 0.15 2.48
Short Term Provisions 0.00 0.00 0.00 0.00 0.15
62
TOTAL CURRENT LIABILITIES 144.42 97.65 96.61 56.26 139.21

TOTAL CAPITAL AND LIABILITIES 194.69 144.26 143.34

164.27 170.43
ASSETS
NON-CURRENT ASSETS
Tangible Assets 7.95 4.09 3.75 2.88 2.89
Intangible Assets 7.21 2.09 2.10 1.80 1.67
Capital Work-In-Progress 0.00 0.00 0.00 0.00 0.00
Other Assets0.00 0.00 0.00 0.00 0.00
FIXED ASSETS 15.16 6.33 5.92 4.68 4.56
Non-Current Investments 0.00 0.00 0.00 0.00 1.62
Deferred Tax Assets [Net] 3.57 4.60 4.76 3.00 5.34
Long Term Loans and Advances 0.00 0.00 0.00 0.00 0.00
Other Non-Current Assets 2.70 12.91 12.97 30.82 25.36
TOTAL NON-CURRENT ASSETS 21.44 23.84 23.66 38.49 36.88
CURRENT ASSETS
Current Investments 3.77 6.85 6.20 3.85 1.23
Inventories 0.00 0.00 0.00 0.00 0.00
Trade Receivables 18.26 23.26 51.00 65.58 58.72
Cash and Cash Equivalents 96.81 48.50 51.91 48.78 31.04
Short Term Loans and Advances 0.24 0.26 2.93 0.20 6.23
OtherCurrentAssets 54.18 41.56 7.64 7.36 36.34
TOTAL CURRENT ASSETS 173.25 120.43 119.68 125.78
133.56
TOTAL ASSETS 194.69 144.26 143.34 164.27 170.43

63
OTHER ADDITIONAL INFORMATION
CONTINGENT LIABILITIES, COMMITMENTS

Contingent Liabilities 1.33 10.97 55.55 56.04 0.00

CIF VALUE OF IMPORTS
Raw Materials 0.00 0.00 0.00 0.00 0.00
Stores, Spares And Loose Tools 0.00 0.00 0.00 0.00 0.00
Trade/Other Goods 0.00 0.00 0.00 0.00 0.00
Capital Goods 0.00 0.00 0.00 0.00 0.00
EXPENDITURE IN FOREIGN EXCHANGE

Expenditure In Foreign Currency 0.00 0.00 0.00 0.00 0.00

REMITTANCES IN FOREIGN CURRENCIES FOR DIVIDENDS

Dividend Remittance In Foreign Currency -- -- -- -- --

EARNINGS IN FOREIGN EXCHANGE
FOB Value Of Goods -- -- -- -- --
Other Earnings -- -- -- -- --
BONUS DETAILS
Bonus Equity Share Capital -- -- -- -- --
NON-CURRENT INVESTMENTS
Non-Current Investments Quoted Market Value -- -- -- -- 1.08

Non-Current Investments Unquoted Book Value -- -- -- -- 0.54

CURRENT INVESTMENTS
Current Investments Quoted Market Value 3.01 6.09 5.35 3.00 1.23
Current Investments Unquoted Book Value 0.76 0.76 0.85 0.85 --

64
 SECTION B

INTRODUCTION

About the project

The stock market broadly refers to the collection of trades with other areas in
which the acquisition, sale, and disposal of shares of publicly held companies take
place. Such financial transactions are carried out through official trade
incorporated by the institution (whether physical or electronic) or through markets
operating under a set of set rules. Earnings and profits from the business can be
very low considering their work. The adults in this agency do not work very well
and now they do not allow the younger ones to draw drawings there in a better
way. There is no job security in this company. Fortunately now the department of
the company I work for is deeply involved in politics and all the old and young
people are doing bad political entertainment with all the other indirect differences
with the rise of companies in this company. The work environment is also very
poor, the company does not always give even 1 minute rest to its employee. All in

65
all this organization is bad for the growth of my company which is why I left the
job here after 1 12 months.

He continued to do F&O this way for over 12 months. He ended up giving false
hopes that I would get into the money soon. In fact he ended up booking a big loss.
When I saw that you had switched to doing F&O, it turned out it was too late and I
had to make an eBook of big losses. I complained to the headquarters of Lkp &
Sebi, however when I opened the account they had signed many & the Lkp
headquarters & Sebi did not take any action against Mr. Ketan Gosai! And finally I
handed over my full portfolio to Kodak securities, which I was 100% satisfied
with. I will never do any business with Lkp. And I would recommend all of you
and others to stay away from these organized 'scammers'.

LKP securities are known as a trading company but this organization is a multi-
faceted fundraiser on the topic of stock markets, credit markets, corporate finance,
bank financing, banking service providers, asset management and asset
management.

Good:

1. It started as one of the first Indian mortgage houses in 1948.

2. Free software, back office, research reports [like other vendors] and offline
trading options.

3. Related dating manager

4. Margin limits for four states.

66
How to start an Express account.

No commercial applications are under pressure.

Lastly they took more of our profits, no more about the value of the trade.

Disadvantages:

Trading software cannot stop vps research reports at a cost of mobile 30 / - per
month. All in all it is an everyday organization and provides the right company. As
a consumer I font write this business friendly and well-wishing business. It’s not
like different marketing companies.

There are two main stock exchanges in India where the majority of the trade takes
place - the Bombay Stock Exchange (BSE) and the National Stock Exchange
(NSE). NSE, located in Mumbai, and established in 1922 is the leading stock
exchange in India where one can buy and sell shares of publicly listed companies.
NSE has a flagship index named NIFTY50. The index comprises the top 50
companies based on their trading volume and market capitalization. This index is
widely used by investors in India, as well as globally, as the barometer of the
Indian capital markets.

National Security Clearing Corporation Ltd (NSCCL) and Indian Clearing

Corporation Ltd (ICCL) are the subsidiaries of the National Stock Exchange and
Bombay Stock Exchange respectively. They ensure guaranteed settlement of
transactions carried in stock exchanges. The clearing corporation ensures there are
no defaults either from the buyers' or sellers' side.

67
Securities Exchange Board of India (SEBI) is the regulatory body of the Indian
Stock Markets. The important goal of SEBI is to defend the hobby of retail traders,
promote the improvement of inventory exchanges, and alter the sports of economic
intermediaries and investors inside the marketplace. SEBI guarantees that the
inventory exchanges (BSE and NSE), brokers and sub-agents behavior their
enterprise pretty, the company houses do no longer use markets as a median to
unfairly benefit themselves, the rights of small retail buyers are covered and that
the massive scale investors with huge cash do no longer intend on manipulating
markets.

Companies increase capital via the inventory marketplace, which they could utilize
in increasing their organizations. Offering inventory shares instead of borrowing
from economic establishments, is beneficial to the groups because it saves them
from incurring debt and paying hobby charges on that debt. It also provides
investors, folks that buy shares, the opportunity to earn a proportion inside the
income of publicly-traded companies. An investor can earn from the shares that
pay ordinary dividends, i.e. A given sum of money per percentage of inventory, or
might also as nicely profit through promoting their inventory for a profit if the
inventory rate will increase from their buy rate. An effectively functioning stock
marketplace is taken into consideration vital to financial improvement, as it gives
companies the capacity to fast get admission to capital from the general public.

There may be multiple inventory buying and selling venues in a country or a

region which permit transactions in stocks and different forms of securities.
Though it is known as a stock market or equity marketplace and is generally
regarded for trading stocks/equities, other financial securities - like exchange-
traded price range (ETF), corporate bonds, and derivatives based totally on shares,
commodities, currencies, and bonds also are traded in the inventory markets.

68
Contribution

The individuals and company houses who exchange in a stock marketplace, i.e.
buy or promote shares in a stock market are termed as market contributors. Some
of the large categories of market individuals are as follows:

• Domestic Retail Participants: The people who transact within the markets.

• Non- Resident Indians (NRI) and Overseas Citizens of India (OCI): These
are people of Indian starting place who reside outdoor India.

• Domestic Institutions: These are huge corporate entities based totally in

India.

• Domestic Asset Management Companies (AMC): The marketplace

participants in this category would be mutual fund organizations like HDFC AMC,
SBI Mutual Fund, DSP Black Rock, and plenty of extra similar entities.

69
• Foreign Institutional Investors: FIIs are Non-Indian corporate entities which
include foreign asset control agencies, hedge funds, and different traders.

 Stock markets allow companies to sell publicly and raise money. Money
transfers and ownership are sold in a controlled, secure environment.

 Stock markets encourage investment. Increased funding allows companies to

grow their businesses, increase efficiency and create jobs in the economy. These
investments are an important catalyst for economic trade, growth and prosperity.

 for investors, the stock market offers a way to invest so that you can get a share
of the company's profits (know that the risk of loss also exists). Active investors
and traders can easily buy and sell their securities because of the huge amount of
money available in the major stock markets.

Literature review

 Baker (2020), in his study, found that there is a dramatic fall in oil prices by
70–80%. It is severe than the financial crisis of 2008/2009. This is a serious
issue for the economy as the country is highly dependent on oil revenue.
There is a huge gap between the depreciated exchange rate, that is, 20% and
the fall in oil prices, that is, 70–80%.

  Mandal (2020) has rigorously analyzed the agony of the deadly pandemic
on the Indian stock market. Findings reveal that BSE Sensex has witnessed
the biggest single‐day fall of 13.2% that has surpassed the infamous fall of
April 28, 1992. Nifty also has a steep dive of 29%, overtaking the disaster of
1992.

70
   Raja Ram (2020) in his study has found that COVID‐19 crashes the entire
global share. Indian stock market also experienced sharp volatility due to the
collapse of the global financial market. Again fall in foreign portfolio
investments also reduces the return of the Indian stock market. By analyzing
the history of all unexpected events the author has considered COVID‐19
also a “black swan” event. He has further analyzed the history of the crash
and recovery of the Indian stock market and concluded that the economist
cannot predict the recovery of the economy until a stable public health
system.

In addition to the movement restrictions, many central banks adopted expansionary

monetary measures to stimulate the economy through interest rate adjustments.
The current monetary policy of the main central banks (e.g., European Central
Bank, Federal Reserve) is quite expansionary as they are purchasing a significant
part of the public debt issued by their national governments. As shown by
Fernandez et al. There are strong similarities between the responses of central
banks to the Great Recession and their current reactions to the COVID-19
economic crisis; specific stimuli have been encouraged for injecting liquidity into
markets suffering from the negative consequences of the pandemic.

Ozili and Arun made a comprehensive overview of monetary policy measures

implemented in the countries of Central and Eastern Europe, the Middle East, and
Africa between January 2020 and April 2020. In most countries, the level of
71
monetary policy interest rate gradually decreased by different percentage points
(e.g., less than 1 pp in Russia and Israel; 1 pp in the Czech Republic and Poland;
more than 1 pp in Romania, Ukraine, Egypt, Ghana, and South Africa). In case of
the United States, Feldkircher showed that the Federal Reserve was successful in
stimulating growth and its monetary policy triggered a depreciation of the USA
dollar that supported the external competitiveness of the USA economy.

In the international economic context, one area that has received considerable
attention refers to the impact of crude oil price volatility on the stock market. The
price of crude oil represents an important barometer for economies, as changes in
the price can be key indicators for countries. In addition, while the COVID-19
pandemic has triggered a sharp rise in uncertainty, the shock to the oil market and
the stock market is unprecedented. Zhang and Hamori, analyzing the evolution of
crude oil market and the stock market for the USA, Japan, and Germany between
January and September 2020, found that although the crude oil and stock markets
were gradually returning to normal at that period, they remained unstable as the
COVID-19 pandemic continued.

According to Salisu et al, although the COVID-19 pandemic may produce a short-
term economic impact, this shock could also adversely affect the oil price–stock
nexus. Analyzing a set of 15 countries from different continents in the period from
March–May 2020, the authors emphasized the fact that the probability of having
negative oil and stock returns may be due uncertainty associated with the relevant
markets. Taking into consideration the price–stock nexus,

Zhang et alhighlighted that while oil prices predicted stock returns in both the pre-
COVID-19 and COVID-19 periods, the predictive effect of oil prices had declined

72
by around 89% in the COVID-19 period compared to the pre-COVID-19 period.
The main implication of their results has roots in the academic literature, which
shows that investors can devise successful trading strategies by using information
on oil prices. In addition to the price of crude oil, another indicator that can be used
in order to measure the general tendency of the economy is the Purchasing’
Managers’ Index (PMI). Several studies from the academic literature identified
significant relationships between the PMI and the stock market. For instance,

The study of Gomes and Peraita revealed that, in the period between 2003 and
2014, the stock market for Germany, France, Italy, and Spain were significantly
affected by the PMI’s announcements, particularly during the economic and
financial crisis.

In a similar approach, Wang and Yang [24] stated that if positive (or negative)
PMI news is announced, then investors may rebalance their portfolios by buying
(or selling) stocks, thus leading to a rise (or fall) of the stock market. Accordingly,
one of the main results obtained by the authors in the case of China during the
January 2005–March 2008 period showed that PMI news that is positive and
accords with upwards economic conditions have significant positivity effects on
stock market returns.

At a general level, while segregation and management measures were associated

with positive market responses, movement restrictions and door-to-door measures
contributed to declining stock prices. The results also showed that movement
restrictions have had a significant and negative impact on the return on shares of
companies from the three sectors, and in terms of closure measures, industrial and
financial companies have been significantly affected by those from the distribution
sector. In Indonesia, Utomo and Hanggraeni re-evaluated the stock market,
focusing on a few companies at the general level and sector level. The results of
73
the reversal of the fixed results panel revealed that, at a general level, in addition to
new cases and new deaths caused by the COVID-19 epidemic, the stock market
was heavily influenced by measures to close the door. Continuing with the analysis
of companies by sector, the authors indicated that those from other sectors (e.g.,
basic industries; consumer goods; mining and trade, services, and investments)
were significantly affected (e.g., agriculture and infrastructure.).

74
Research methodology

 This research study examines the issue of the Indian securities and trade board
[SEBI] with particular reference to the transformation of large markets. The
research design is based on secondary data collection.

 Second data and research area will be based on document sources, personal
sources and library resources. Data collected from official sources, national
newspapers, SEBI, published will be included in the documentary sources.

 Data collected in large books such as: - annual reports, pamphlets, brochures,
magazines and relevant publications will serve as the main source of library
resources.

Types of Research: Descriptive Research

Data Types: Secondary Data

Data representation tool: Graph

This paper follows a descriptive research design by conducting systematic reviews

of published papers and studies related to the current state of the art in published
papers using Google Scholar and Open Athens search engines to obtain quality and

75
relevant studies. For analysis, assumptions and numbers from a few government
reports and the United Nations, or verified newsletters were used. Other publishing
journals and search engines such as Ebsco, Jstor, Scopus, Frost & Sullivan and
Science Direct were also used. Article-based data is purchased from relevant news
websites and blog sites maintained by management consulting firms and data
analysis companies. After the course review, the papers and documents in the
bibliography list the key points of the study are returned along with personal
findings and ideas to reach conclusions and answers to the research objectives. The
information collected and used in this research project is descriptive and high
quality. The data were not analyzed in statistically significant ways, instead it was
included in the baseline quality analysis limited to a limited number of studies
instead of the ever-changing flood of daily market and economic information. This
study was conducted from July 30, 2020 to September 30, 2020. A total of 25
papers and in-depth reading articles. While previous epidemics and financial
collisions have been discussed in many places, this has been done very briefly

76
Tools and techniques used for analysis

 The selected variables, viz. market price of common stock,

earnings before interest and taxes, earning per share, stock
dividend, right share and cash dividend are considered as main
data for secondary analysis.

 Records are available for three types stock market price (i.e., high,
low, closing price of stock each trading).

 The end of fiscal year closing market price as a market price of

common stock and one fiscal year as a one holding period of
respective year have been considered for the analysis of secondary
data.

77
In India, Pre COVID-19, GDP growth declined to 4.7% in 2019, the lowest
level since 2013. Unemployment has reached a maximum of 45 years. The
industrial output from the 8 core sectors at the end of 2019 dropped by 5.2%
- the worst in 14 years. Investment in the private sector has been stagnant for
several years and has declined in recent times and operating costs have also
been declining, for the first time in a few decades. Indicators of demand for
urban consumption reflect passenger car sales and strong consumer growth
achieved in February 2020. Overall, urban consumption stagnated in the
fourth quarter. Indicators for rural use such as the sale of motorcycles and
the short-term segment of consumers remained cut off in February 2020,
indicating a weak rural demand. However, these metrics recover quickly
from September 20. India 's sector, which includes coal, crude oil, natural
gas, refining products, fertilizers, steel, cement, and electricity, yielded
38.1% of the contract by April, 2020. This key sector accounts for 40.27%
of industrial production index. The core sector grew by 5.2% over the same
period in 2019 while declining by 9% in March, 2020. This is the largest fall
in key sector data ever recorded. The core sectors decreased by 24%, steel
production decreased by 83% while electricity production decreased by
22.8% from 2019 and crude oil production decreased by 6.4%. Coal
production showed a decrease of 15.5%, cement production has dropped
sharply by 86% since April, 2019. Goldman Sachs Group Inc. domestic
production was expected to have a 5% contract with the financial year by
March 2021, which would be the biggest recession in India. ; While ICRA
expects a 9.5% increase. India's chief economist at Barclays estimated
growth down to 2.5 percent by 2020, and 3.5 percent at FY20-21 ultimately
costing more than $ 120 billion in global trade and domestic revenue. The
Bank of America Securities estimates that India's GDP will have a 4-7.5%
78
contract if the COVID-19 vaccine is delayed, from 13 July 2020. India's real
GDP has shrunk for six years in the fourth quarter of FY 2019-2020. All of
these estimates failed when the official report states that India's GDP fell by
23.9% year-on-year in the second half of 2020, worse than the latest market
forecasts of 18.3%. This is the largest economic summary in Indian history.
To create a summary of the contribution of the various sectors of GDP, the
most important and fastest growing sector in the Indian economy were
services. Trade, hotels, transportation and communications. Finance,
insurance, real estate and business services as well as social, social and
personal services account for more than 60 percent of GDP. Agriculture,
forestry and fishing make up about 12 percent of the production, but employ
more than 50 percent of the workforce. Production increases 15 percent of
GDP, construction of another 8 percent and mining, quarrying, electricity,
gas and water to the remaining 5 percent. Construction (-50.3%), hotels and
transportation (-47%) and manufacturing (-39.3%) recorded the biggest
decline. Well, the farm sector has grown by 3.4%. In terms of expenditure,
private spending decreased by 26.7%, exports by 20.8%, exports by 19.8%
and imports by 40.4%. Government spending alone has dropped by 16.4%
as it uses nationwide food aid and medical supplies to help curb the effects
of the epidemic. India's 2020 stock market saw one of the most volatile
markets, even surpassing the 2001 and 2008 financial crises. he US market
in mid-march 2020 noted the worst trading in the past 124 years. The Indian
market also saw a 20% cut in benchmark indices making the Indian equity
market enter the territory of Bear market. BSE Sensex witnessed a sharp fall
in the stock market on March 23, 2020 due to the Coronavirus fear across
the global market. The Sensex had fallen 3500 points to approx. 26, 000.
On the other hand, the NSE Nifty fell 11 percent.
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The Indian market opened on a positive note with promising signals
from the foreign markets only to fall flat with the foreign investors
continuously withdrawing money from the Indian markets.

In 20-23 March of 2020 Sensex fell more than 4000 points and Nifty 500
fell around 1000 points. Compare that with current September 2020
market we see the market has undergone a U-shaped recovery wherein
the US market plunge, fear of coronavirus, staggered opening of lockdowns
in India and economic packages by government have been priced in by the
market. Nifty 500 has risen from 6,243 on March 23 to 9326 as of
September 30, 2020.

As can be seen in figure 7, the 50-day moving average as almost crossed

over the 200-day moving average forming a ‘golden cross’ technical
indicator signifying a possible rally in the short term unless some
significantly negative news comes to light. While BSE Sensex Index has
recovered nearly 20% since hitting a record low – a day before the
nationwide lockdown started on March 25 - it is still down around 26% so
far this year. That is despite $266 billion of economic stimulus
announced by the government and the aggressive liquidity measures and
interest rate cuts by the Reserve Bank of India.

Market highlights for the Indian stock market as of July 2020 was as
follows:

1. All banks and NBFCs missed estimates in lieu of contingent

liabilities to cushion the blow from imminent large-scale
corporate/retail defaults. Bajaj Finserv Ltd. had the steepest Net profit
plunge of 77% to Rs 194 crore

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 2. Tech firms, the darlings of retail and non-HNIs posted disappointing
earnings as lockdowns lead to payment delays and requests for discounts.

3. Reliance Industries Ltd., announced a profit decline of almost 40% from

2019.

4. Bharti Airtel Ltd., that lost its position as India’s No.1 to Jio of Reliance
Industries. It reported a loss of 52.4 billion rupees ($694 million).

4. Materials stocks, especially cement companies like UltraTech Cement

Ltd., had the largest gains. Health care and consumer staples were the
only other sectors to record growth due to panic buying of FMCG and
increased government funding to pharma companies.

Compare that with a strong recovery by the end of September 2020, Nifty had
gained 18% since June and around 50% since the low Mar-20 prices. The collapse
at the end of the month was due to growing tensions between China and India at
the border, reports of Covid-19 wave recurrence in European countries and major
debt rating agencies estimating FY21 Indian GDP contraction to ~ 11%. However,
as in previous months, pharmacy, IT and long-term consumer goods remain large
market vendors earning more than 6% each. The IT sector is especially looking
forward to using the $ 2.4 billion renewal package in the USA to generate revenue.
However, banks are the biggest losers as a result of a US Treasury report which
reveals a large number of Indian banks are involved in money laundering.

81
82
Impact of covid-19 on stock market

Indian stock market’s reaction to covid-19 crisis is surprisingly muted

83
RESPONSE TO INDIAN INDICES REGARDING PREVIOUS YEAR

84
Time plot of Bombay stock exchange (BSE) stock price

85
Time plot of national stock exchange (NSE) stock Price

86
The graph shows BSE is more volatile than NSE.

87
Position of NSE regarding India's investment

88
89
90
Conclusion

In this study, we investigate the impact of COVID-19 on the basis of BSE and
NSE performance; two Indian stock markets.

Considering the two periods before and after COVID 19, both are considered
dependent variants. The closing price of BSE and NSE is called the independent
variable. The final result shows that BSE Sensex fluctuates during violence.

The stock market price of India is expected to increase by 2024.The developed

market is already full and the rate of return is low. Therefore, investors want to
invest in new, evolving markets.

As one of the latest and most important, the COVID-19 epidemic has had a
profound impact on the stock market. For this reason, the study focused on
determining how the epidemic affected the Romanian stock market (measured by
the BET index) during the period 11 March 2020-30 April 2021 using three phases
of variability: epidemic fluctuations (number of new cases. And new coronavirus-
related deaths) variables that reflect the measures taken by national authorities
(internal travel restrictions, international travel regulation, and monetary policy
measures), and changes that define the international economic context (crude oil
price and Purchasing manager 'Index for Europe, USA, and -China).

The intelligence analysis was performed on two sub-periods (i.e., 11 March 2020-
28 October 2020 and 29 October 2020-30 April 2021) which defined the historical
period of the Romanian economy: its inclusion in the category of secondary
emerging markets. As a result, Romanian companies can easily access investment

91
funds, and investors rely heavily on the financial market. This is reflected in the
changed pace of BET development at the end of October 2020 when the structural
fragmentation was discovered, and it began to have a significant and positive
decline. This slope described the positive emergence of the BET index in the
context of BSE in the emerging market. Moreover, the results have shown a
positive impact on the long-term European economic context in the BET index.
This positive aspect is supported by current European Union programs on similar
interests to assist Member States in dealing with financial difficulties and recovery
strategies following the epidemic.

The results of the ARDL Bounds test showed that there is a long-term relationship
between BET and study variables. The results of the research analysis showed that
the hypotheses of the study were validated. Therefore, hypothesis H1 from the
negative impact of the flu epidemic has been confirmed in both small periods over
time. Hypothesis H2 regarding the fact that the BET index is strongly influenced
by measures taken by national authorities has been confirmed using the two sub-
hypotheses described. The hypothesis H2a, which refers to the negative impact of
restricted policies on BET, has also been confirmed but over time, due to the fact
that many sectors in the economy were affected by it. The hypothesis H2b, which
deals with the impact of lower policy interest rates on the BET index, has been
confirmed, meaning that the decision by the National Bank of Romania to boost
the economy by gradually reducing interest rates from 2.5 March 2020. To 1.25
April 2021 until the expected result.

92
Our results are consistent with other results reported in other studies. On the other
hand, we have experienced a negative impact on the fluctuations of the epidemic
and movement-related constraints in the Romanian stock market. , and, on the
other hand, we have found a positive influence on interest rate monetary policy in
the Romanian stock market.

Our contributions to the literature section include an understanding of the impact

of the COVID-19 epidemic on the Romanian stock market over a long period of 15
months, and how (i.e., the integration of ARDL Bound) that, to our knowledge, has
been used in several studies on this issue. In addition, the results could be used as a
guide for national authorities to effectively control measures taken against the
spread of COVID-19.

93
Suggestions

Sensex dropped 674 points to close to 27,590 and Nifty lost 170 points
to 8,083. In all, 20 out of 30 Sensex stocks and 30 out of 50 stocks from
Nifty ended in red today.

Banks, metals and automotive indicators have been the dominant trend
today, and pharma is the only one that has benefited from trading as
many consumer reports, as well as market experts, have suggested that
the sector is slightly affected by the COVID-19 epidemic.

US Ranganathan, head of research at LKP Securities, said: "Ongoing

sales have taken place in the Bank and automotive stocks although a few
metals such as Kotak and Larsen have suffered some losses due to the
expected changes in MSCI. for mixing vessels and generators. "

Commenting on modern markets, Ajit Mishra, VP - Research, Religare

Broking said, "Moody's report on the banking industry in which they
have shifted their focus from negative to stable, has led to further
disagreements. Financially it seemed to push Nifty below 8100.
However, the uptick in defensive pack namely pharma and FMCG
majors closed the damage to some extent. "

94
In addition, market participants say investors have become increasingly
vulnerable due to the economic downturn due to the closure of delivery
facilities, urgent need and supply chains.

"Negative effects in several sectors are already being felt as many

companies have closed their factories and where possible allowed
workers to work from home (WFH). Our statistics suggest that only 30-
40% of the economy is diversified," Motilal Oswal said in his report. by
saying, "With 14 days of full closure on April 20 and we expect things
to be normal from mid-May'20, real GDP could drop by 12.2% YoY by
1QFY21".

Endless sales continued in March when FII released Rs 65,816 crore,

indicating that it is the best-selling in Indian markets. The FII withdrew
Rs 12,684 crore from the stock market in February and Rs 5,359 crore in
January this year.

Vinod Nair, Head of Research at Geojit Financial Services, said,

"Declining rates in the banking sector, due to the impact of COVID-19
and stressful assets, have impacted on the stock market. 1100 Crores,
April 1, and there are no signs of a slowdown. Today, with SGX Nifty
trading at 2.5% lower, and Dow Jones Futures falling 1.3%. -1% each.

95
Findings

 The fixed rate rating reflects the fact that stock market development has a very
positive effect on economic growth.

 There is a high priority for financial development in economic development.

 Banks and stock markets may have different effects depending on the level of
economic development.

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Bibliography

 www.mckinsey.com
 www.ncbi.nlm.nih.gov
 www.tandfonline.com
 www.sciencedirect.com
 www.businessperspectives.com

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