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  • ThesisItemOpen Access
    EVALUATING FINANCIAL HEALTH OF LEADING CYCLE MANUFACTURING COMPANIES IN INDIA: A Z-SCORE APPROACH
    (PAU Ludhiana, 2013) Shivani Verma; Y.P. Sachdeva
    The present research was undertaken to evaluate the financial health of leading cycle manufacturing companies in India by using Z-Score approach. The study was carried out using eight years data collected from annual reports of three selected companies viz. Hero Cycles Limited, Avon Cycles Limited, Atlas Cycles Limited. The efficiency of selected companies was evaluated using efficiency ratios and the overall financial performance of the companies was examined using the liquidity, solvency and profitability ratios. The financial health and viability of selected companies was forecasted on the basis of Edward Altman Z-Score. It was found that among three companies, Atlas Cycles Limited was the most efficient company and Hero Cycles Limited showed the best overall financial performance. On the basis of Edward Altman Z-Score, all the three companies were found to be financially viable and their failure in this situation was uncertain to predict. The variability of Hero Cycles Limited was found to be lesser in its Z-Score as compared to other companies under consideration.
  • ThesisItemOpen Access
    Performance of moving average based technical Signals: A study of selected commodity future indices
    (Punjab Agricultural University, Ludhiana, 2013) Jasleen
    The research project entitled “Performance of moving average based technical signal: A study of selected commodity future indices” was undertaken with the objectives to study the performance of technical indicators: moving average and moving average convergence divergence in four commodity future indices namely MCX Comdex, MCX Metal, MCX Energy and MCX Agri. For the purpose of achieving the objectives data was collected for each trading day for a period from 1st January 2007 to 31st December 2011. Relatively higher returns were observed in short term moving averages and medium term moving averages. Returns were significantly different among various types of DMA only in MCX Metal. MACD generated returns were also found to be significantly different among various types of indices with MCX Comdex yielding maximum positive returns. .
  • ThesisItemRestricted
    A Comparative Analysis of NPAs in Punjab National Bank and State Bank of India
    (Punjab Agricultural University, Ludhiana, 2013) Sethi, Bhawna
    The study was conducted to analyze the preferred loan portfolios of the selected banks for which the secondary data was used. The study was carried out using five years data collected from annual reports of the selected banks, Reserve Bank of India annual report, monthly bulletins of RBI, articles and research papers, books, articles published in newspaper, Reports on Trend and Progress of Banking in India, various journals and magazines, CMIE Reports and browsed information from related websites. The study highlighted that agricultural sector had the maximum NPAs in Punjab National Bank and there was a significance difference in NPAs of different sectors of this bank. The non-priority sector had the maximum NPAs in case of State Bank of India and there was a significance difference in NPAs of different sectors of this bank. To find the factors responsible for the growth of NPAs for which the primary data was used. Primary data was used in the study where the respondents were interviewed personally after telling them about the objective of the study. The respondents were asked about the factors responsible for the growth of NPAs in their respective banks. A sample size of 10 people from each bank was taken to meet the objective of the research. The study highlighted that both internal and external factors were the reasons for the growth of NPAs and necessary steps should be taken to than to face the hazardous results.
  • ThesisItemOpen Access
    Stock price reaction to announcement of buy back in India: An event study of selected stocks
    (Punjab Agricultural University, 2013) simardeep kaur; Gupta, Mohit
    present study entitled 'Stock price reaction to announcement of buy back in India: An event study of selected stocks' aims to study the stock price reaction to buy back announcements through open market purchase and tender offer. Secondary data with respect to buy back announcement is collected from January 1st 2006 to December 31st 2012. Sample finally consisted of randomly selected 30 stocks for open market purchase and 30 stocks for tender offer. Event study methodology was applied where the event 'e' was considered as date of announcement of buy back. Stock return parameters i.e., alpha and beta co-efficients were calculated from single index market model including regression of stock returns on appropriate stock index return. The expected returns calculated on the basis of stock parameters from estimation window( e-100 to e-5) were compared with the actual returns in the event window (e-5 to e+5) and post event window (e+5 to e+30) and t test was applied to test the significance of these returns. The cumulative average abnormal return was found to be significant only in case of buy back through open market purchase in pre event window (starting from e-12 days) and extending upto post event window (upto e+6 days).
  • ThesisItemRestricted
    Problems Faced in Accessing Banking Services: A Study of Small and Marginal Farmers of Ludhiana District.
    (Punjab Agricultural University, Ludhiana, 2014) Malhi, Simrat Kaur
    The study was conducted to analyze the problems faced by small and marginal farmers of Ludhiana district, in accessing banking services. Managers’ perception regarding problems faced by small and marginal farmers was also studied. Primary data was collected from annual reports of Reserve Bank of India, monthly bulletins of RBI, and other published data. Also the respondents were interviewed personally after telling them about the objective of the study. The respondents were asked about the problems faced by them in accessing banking services. A sample size of 25 farmers was selected from each of the four randomly selected villages. The study highlighted the problems faced by small and marginal farmers in accessing banking services. Lack of collateral security, low level of income, illiteracy, high transaction costs, high interest rates, external pressure on banks to lend to weaker sections and poor recovery of loan amount were some of the major problems faced by small and marginal farmers in access to banking services.