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Research Journal of Economics & Business Studies - RJEBS - The ...

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Bajaj 2.53 0.003 4.38 0.24 1.68 -0.058<br />

Mahindra&Mahindra 2.677 0.3295 1.5815 0.3318 2.22 0.1<br />

Tvs 4.066 -0.096 5.0325 0.1955 2.55 0.13<br />

Maruthi 2.49 0.031 1.66 0.051 1.83 0.11<br />

Banking Axis bank 3.27 0.15 1.76 0.56 2.34 -0.11<br />

Hdfc 2.07 0.24 1.48 0.018 2.83 0.003<br />

Icici 3.49 0.178 1.98 0.118 2.21 0.27<br />

Pnb 2.79 0.03 1.46 0.022 1.82 0.203<br />

Sbi 2.84 0.04 1.75 0.035 2.14 0.25<br />

FMCG Asian paints 1.95 0.12 1.54 0.02 1.45 0.04<br />

Dabur 1.83 0.08 4.24 0.28 1.57 0.007<br />

Hul 1.85 0.028 1.57 0.011 1.81 -0.028<br />

Nestle 2.84 0.02 1.59 -0.06 1.47 0.049<br />

Itc 3.69 0.07 1.05 0.05 2.21 0.15<br />

Information<br />

Technology<br />

Oil And<br />

Petroleum<br />

Tele<br />

Communicat<br />

ion<br />

Hcl 4.12 0.43 1.59 0.205 2.07 0.048<br />

Satyam 5.08 0.002 0.96 0.056 1.89 0.02<br />

Tcs 3.81 0.11 1.046 0.17 2.24 0.08<br />

Tech Mahindra 2.68 0.06 2.45 0.208 1.76 0.04<br />

Wipro 2.98 0.051 1.06 0.04 1.91 0.18<br />

Bharat 4.17 0.27 1.03 0.036 2.86 0.49<br />

Essar 2.78 -0.05 1.39 0.012 2.12 0.21<br />

Hindustan 5.26 0.28 1.26 0.002 1.67 0.14<br />

Indian oil corp 2.48 -0.19 0.82 0.022 2.48 0.30<br />

Oil & natural gas 1.45 0.036 2.78 -0.28 4.12 -0.14<br />

Airtel 3.71 0.05 2.13 0.14 3.37 0.32<br />

Idea 1.06 0.04 2.19 0.22 5.26 0.28<br />

Reliance 1.84 0.02 2.78 0.061 2.53 0.1<br />

Vodafone 3.26 0.016 1.74 0.085 2.79 0.27<br />

Tata 2.72 0.18 1.79 0.027 2.34 0.08<br />

From the above analysis it is inferred that in automobile sector, Ashok Leyland company stocks, in<br />

banking sector, ICICI company stocks, in FMCG sector ITC company stocks, in IT sector, Wipro<br />

company stock, in Oil and Petroleum sector, Indian Oil Corporation company stocks and in<br />

telecommunication sector, Airtel company stocks can be bought as it has low risk.<br />

Table 6.2 Correlation <strong>of</strong> the macroeconomic factors in 2012<br />

Automobile Sector<br />

Company Year Factors Inflation GDP Interest Rate Budget Forex Rate<br />

Quarter<br />

Q1 0.13 -0.04 -0.04 -.08 0.04<br />

Ashok Leyland<br />

Q2 -0.15 0.39 -0.39 -.08 -0.36<br />

2012 Q3 0.12 0.12 -0.12 -.08 -0.12<br />

Q4 0.27 0.28 -0.27 -.08 0.34<br />

Q1 -0.05 0.05 -0.05 -0.03 -0.05<br />

Q2 0.39 -0.39 0.39 -0.03 0.39<br />

Bajaj 2012 Q3 0.14 -0.14 0.14 -0.03 0.32<br />

Q4 -0.011 -0.008 0.012 -0.03 -0.11<br />

Q1 -.15 .15 -0.15 .06 -.14<br />

Mahindra & Q2 .24 -.24 .24 .06 .24<br />

www.theinternationaljournal.org > <strong>RJEBS</strong>: Volume: 02, Number: 09, July-2013 Page 36

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