Thesis Announcement
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UNIVERSITY OF MISKOLC FACULTY OF ECONOMICS THESIS ANNOUNCEMENT FULL NAME: Heena Kapoor NEPTUN CODE: YL70T TYPE OF PROGRAMME: MSc NAME OF PROGRAMME: Master of Business Administration (English) NAME OF SPECIALISATION: Economics RESPONSIBLE DEPARTMENT OR INSTITUTE: Institute of Management Science TITLE OF THESIS: Comparative Analysis On Budapest Stock Exchange And Bombay Stock Exchange ASSIGNMENT: − Introducing the economy of India and Hungary − Introducing the Stock exchanges of both countries Analysis of the financial ratio of the company − Analyzing the Value at Risk model using company stock prices BASE ORGANISATION : Richter Gedeon Nyrt, Sun Pharma, OTP Bank, SBI, MOL and ONGC INTERNAL CONSULTANT : Dr Zsombori Zsolt, Lecturer EXTERNAL CONSULTANT (name, position): DATE OF THESIS ANNOUNCEMENT: Date: ………………… ……………………………….. Head of Institute UNIVERSITY OF MISKOLC FACULTY OF ECONOMICS CONSULTATION SHEET FULL NAME: HEENA KAPOOR NEPTUN CODE: YL970T TITLE OF THESIS: Comparative Analysis On Budapest Stock Exchange And Bombay Stock Exchange BASE ORGANISATION : Richter Gedeon Nyrt, Sun Pharma, OTP Bank, SBI, MOL and ONGC INTERNAL CONSULTANT : Dr Zsombori Zsolt, Assistant Professor EXTERNAL CONSULTANT (name, position): DATES OF CONSULTATIONS: Signature of internal Signature of external Consultation date Consultation date consultant consultant The thesis can be accepted: Date: ………………… ……………………………….. Internal Consultant Date: ………………… ……………………………….. External Consultant Declaration Of Originality FULL NAME: HEENA KAPOOR NEPTUN CODE: YL970T TITLE OF THESIS: Comparative Analysis On Budapest Stock Exchange And Bombay Stock Exchange I, the undersigned, hereby declare under penalty and perjury that each part of my thesis (text, figures, tables, etc.) – except the cited ones − is my own work and does not rely on other documents including my previous theses. I am aware of the fact that plagiarism consists of: − direct quoting without indicating the reference; − indirect quoting without indicating the reference; − publishing others’ ideas as my own. I, the undersigned, hereby declare that I am aware of the definition of plagiarism and I understand that according to connecting regulations my thesis can be rejected and disciplinary proceedings may be applied if plagiarism is proved. I declare that the electronic (CD and uploaded) and hard copy of my thesis are identical in form and content. Date: ………………… ……………………………….. Signature of Student STUDENT’S DECLARATION FORM Student’s name: HEENA KAPOOR Neptun code: YL970T Faculty and programme: Faculty of Economics, Master of business administration Year of thesis submission: 2019 Title of the thesis: Comparative analysis of Budapest stock exchange and Bombay stock exchange I request that my thesis be treated confidentially (requires an application for confidential treatment). (Please underline as applicable.) Yes No I allow the university library to publish my thesis as full text on the Internet. (Please underline as applicable.) Yes No In full awareness of my liability I declare that the electronic version of my thesis is identical to the printed thesis I submitted. Date: ……………………. ………………………………………….. Signature of student Student’s current address: 2/A kiss Jozsef utca, Budapest, 1081 Hungary E-mail: heenakpr@yahoo.com Phone number: +36702715667 UNIVERSITY OF MISKOLC FACULTY OF ECONOMICS Comparative Analysis of Budapest Stock Exchange and Bombay Stock Exchange Heena Kapoor 2019 Abstract Stock market is a vital part of every economy. Rise and fall in economy are reflected by the stock market. Bullish stock market is the sign of developing industrial sector and growing economy of the country. This thesis involves the analysis of Budapest stock exchange and Bombay stock exchange, and in order to further understand the associated risk, a comparison was made between them using two statistical techniques. The Oil, Banking and Pharmaceutical industries forms the backbone of nation’s economy. Thus, the analysis was conducted on the prominent companies in Oil, Banking and Pharmaceutical industries of both the stock exchanges. The VaR analysis was performed on the portfolio to analyse the risk associated with market. The evaluation of companies operating, and financial performance was conducted using ratio analysis technique. Financial results have become an important indicator for business valuation. The Average Price Return have the significant influence on the Ratios represents the aggregate value of a company or stock. The purpose of this study is to analyse the relationship between the Financial Ratio and the Average Price Return of the chosen companies from the two Stock Exchanges. The price of company’s stock is a significant factor and should be kept in mind while making investment as it shows the value of a company. We took 3 companies from 3 important sector of economy- Banking, Pharmaceuticals and Oil. Table of Contents 1. Introduction ................................................................................................................... 1 2. Objectives ...................................................................................................................... 5 3. Limitations of the study ................................................................................................. 6 4. Hypotheses .................................................................................................................... 7 5. Methodology .................................................................................................................. 8 1. Value at Risk ....................................................................................................... 8 2. Benchmark model ....................................................................................................... 8 3. Excel ........................................................................................................................... 8 6. Literature Review .......................................................................................................... 9 7. Theoretical Background .............................................................................................. 12 7.1 Hungarian Economy .............................................................................................. 12 7.2 Indian Economy ......................................................................................................... 14 7.3 Stock Exchange ..................................................................................................... 16 7.3.1 Budapest Stock Exchange ...................................................................................... 17 7.3.2 Bombay Stock Exchange ........................................................................................ 20 7.3.3 Listed Domestic Companies ................................................................................... 22 7.4 MOL .......................................................................................................................... 23 7.5 Oil and Natural Gas Corporation Ltd ........................................................................ 24 7.6 OTP BANK ............................................................................................................... 25 7.7 State Bank of India .................................................................................................... 26 7.8 Richter Gedeon Nyrt ............................................................................................. 27 7.9 Sun Pharmaceuticals .................................................................................................. 28 7.10 Investment Risk Management ................................................................................. 29 7.11 VAR MODEL ................................................................................................... 30 7.12 Ratio .................................................................................................................. 33 7.13 T-Test in Ms-Excel............................................................................................ 36 8 Quantitative Analysis ................................................................................................... 37 8.1.1 OTP ......................................................................................................................... 37 Ratio Analysis ............................................................................................................. 37 T-TEST ........................................................................................................................ 37 8.1.2 Richter Gedeon Nyrt ............................................................................................... 39 RATIO ANALYSIS .................................................................................................... 39 T-TEST ........................................................................................................................ 39 8.1.3 MOL ....................................................................................................................... 41 RATIO ANALYSIS .................................................................................................... 41 T-TEST ........................................................................................................................ 41 8.1.4 SBI .........................................................................................................................