23-06-2012, 04:55 PM
Portfolio Management of CNX Midcap Companies at Kotak Securities Ltd., Surat
Portfolio Management.pdf (Size: 630.7 KB / Downloads: 76)
COMPANY PROFILE
The Kotak Mahindra Group was born in 1985 as Kotak Capital Management Finance
Limited. Uday Kotak, Sidney A. A. Pinto and Kotak & Company promoted this company.
Industrialists Harish Mahindra and Anand Mahindra took a stake in 1986, and that's when
the company changed its name to Kotak Mahindra Finance Limited. Since then it's been a
steady and confident journey to growth and success.
Kotak Securities Ltd., is one of India's largest brokerage and securities distribution
house in India. Over the years Kotak Securities has been one of the leading investment
broking houses catering to the needs of both institutional and non-institutional investor
categories with presence all over the country through franchisees and co-ordinates. Kotak
Securities Ltd. offers online (through www.kotaksecurities.com) and offline services
based on well-researched expertise and financial products to the non-institutional
investors.
Kotak Securities Limited is the world of Capital Markets where everything newsworthy
exists only in the present moment and where knowing the importance of timing,
sentiments and strategic forecasting makes the difference between profit and loss.
KOTAK SECURITIES RESEARCH CENTER
Kotak Securities Research Center is a special research cell where some of India's finest
financial analysts bring you intensive research reports on how the stock market is faring,
when is the right time to invest, when to execute your order and more. KSL provides both
type of research reports.
PORTFOLIO MANAGEMENT
Individual securities have risk-return characteristics of their own. Portfolio, which is
combination of securities, may or may not take on the aggregate characteristics of
their individual parts. Portfolio analysis considers the determination of future risk
and return in holding various blends of individual securities.
Under portfolio, risk defines as the standard deviation around the expected return.
The simple fact that securities carry differing degrees of expected risk leads most
investors to the notion of holding more than one securities at a time, in an attempt
to spread risks by not putting all their eggs into one basket.
Diversification of one’s holdings is intended to reduce risk in an economy in
whichever asset’s returns are subject to some degree of uncertainty. Most
investors hope that if they hold several assets, even if one goes bad, the other will
provide some protection from an extreme loss. Best diversification comes through
holding large numbers of securities scattered across industries.
INDUSTRY ANALYSIS
1) Cement Industry
The Indian cement industry is on a roll. Driven by a booming housing sector,
global demand and increased activity in infrastructure development such as state
and national highways, the cement industry has outpaced itself, ramping up
production capacity, attracting the top cement companies in the world, and
sparking off a spate of mergers and acquisitions to spur growth. The result of all
this excited activity is: