Securities Analysis and Portfolio Management of Selected NSE Securities

“Technical Analysis is the study of data generated by the action of markets and by the behaviour and psychology of market participants and observers”: -Constitution of the market technicians Association Technical analysis is a completely different approach to stock market investing- it doesn’t try to find the intrinsic value of a company or try to find whether a share is mispriced or undervalued. "Technical analysis is the study of market action, primarily through the use of charts, for the purpose of forecasting future price trends. “A technical analyst is interested only in the price movements in the market. So, it is all about analysing the demand and supply or a price volume analysis. Technical analysis considers only the actual price behaviour of the market or instrument, based on the premise that price reflects all relevant factors before an investor becomes aware of them through other channels. These stock market indicators would help the investor to identify major market turning points. This paper examines the technical analysis of selected companies which helps to understand the price behaviour of the shares, the signals given by them and to assist investment decisions in the Indian stock Market.

HANDLING TEMPORAL COMPLEXITY IN THE DESIGN OF NON-TRANSPORT SHIPS USING EPOCH-ERA ANALYSIS

A core aspect of temporal complexity in the design of non-transport vessels is the uncertainty related to the future market and contract opportunities, and the corresponding changeability that should be incorporated into the ship design to meet this uncertainty. The development of an appropriate design specification for a new ship represents a core strategic decision for ship owners as part of a fleet renewal or expansion programme, with a high financial risk and a long time horizon of typically 20-30 years. This type of temporal complexity is one out of several complexity aspects to be handled as part of a ship design process. In this paper we model possible realizations of an uncertain future for a vessel using the Epoch-Era Analysis (EEA) method. Here, we use the epochs as the primary instrument for capturing major market developments, such as the opening of new offshore areas, new emission regulatory regimes, or the availability of new, disruptive technologies. From these, more specific epoch variables are derived, for which specific contract opportunities can be generated. The epoch-specific performance of the vessels is found by solving a Ship Design and Deployment Problem (SDDP) of concurrently identifying both a preferable ship design and the corresponding path of consecutive contracts that maximizes total revenue. We present a case study related to the design of an Anchor Handling Tug Supply (AHTS) vessel. The study illustrates the complexity in striking the correct balance between optimizing the vessel for an initial scenario, while at the same time providing addition performance capabilities to be competitive in the context of future market requirements.

On the Origin and Development of the System of National Accounts

The article covers milestones of the system of national accounts (SNA) development. In particular, it is noted that the SNA was developed in response to the need of governments of the major market economies in macroeconomic statistics to guide decision-making for combatting the effects of the Great Economic Depression of 1929–1933. The authors address the SNA evolution in a context of the development of concepts, definitions, and classifications, furnishing the basis for a system of interrelated and mutually agreed measures of economic development at the macro level.Development of the SNA theory and methodology was closely linked with real change in a global economy, reflected the emergence of new forms of organization of economic process, new methods of financing investments, the growing role of foreign investments, globalization.The authors note a valuable contribution of a galaxy of eminent economists of the last century to the SNA theory and methodology elaboration. The article discusses at some length the role of international organizations in the development of theoretical and methodological foundations of the SNA. After the Second World War, these organizations released several critical documents with recommendations on the SNA compilation, recognized as international standards. The authors analyze the current international standard – the SNA 2008. In particular, the new treatment of expenditures on research and development and weapons systems. This treatment introduces a very noticeable adjustment in understanding important structural characteristics of the modern economy in many countries.The final part of the article considers issues of developing the SNA in national statistics, previously focused on the balance of the national economy (BNH). There are specific features of the transition from the world’s first developed system of interrelated macroeconomic indicators, the BNH, to the international standard, the SNA, adapted to modern realities of unctioning of market economy in Russia.

Assessment of Compliance to Animal Source Foods Quality and Safety Standards in Uganda. A Case of Kampala and Mbarara Districts

Animal source foods (ASFs) can be sources of illness when poorly handled both at the farms and during processing. Efforts have been undertaken by government to promote good food standards, quality and safety but have not paid off due to limited holistic involvement of all ASFs value chain actors like the farmers, transporters, traders, and the consumers. An assessment was conducted in Kampala and Mbarara districts to determine the level of compliance to existing food control standards.The findings are to help inform policies to adapt, promote and implement standards and quality of ASF products free or with minimal contamination, services to promote local industries and protect consumers as well as facilitate access to international markets. This assessment was carried out in Kampala and Mbarara district with major objective of mapping various institutions involved in designing and implementing food control standards with the core mandate lying with Uganda National Bureau of Standards and assessing of compliance to food control standards along the ASFs value chain.The studies were conducted in Kampala, Uganda’s capital and Mbarara, the second biggest city in the country. These districts constitute the major market hub of agricultural products due to their high consumer population. The ASFs value chain assessments were conducted through workshops using focus group discussions with stakeholders in the meat, milk, poultry and fish value chains.A number of organisations along the food chain were involved in designing and implementing of food safety standards and regulations, as well as regulatory norms for setting and controlling of quality standards for animal source foods in Uganda. These included; farmers, transporters, processors, academia, researchers, trade organisations, government institutions, private organisations, international bodies and consumers’ organisations.Majority of the outlet operators had both operating certificates and health certificates, however the remaining proportion that was noncompliant is still significant considering that they still distribute ASFs products. The study also observed that most of the measures required to ensure safety of ASFs are not followed along the food chain such as; poor transportation of animals and their products and use of antibiotics in animal feeds. It was also observed that product quality and cost of the product greatly contribute to the consumers’ demand and confidence for a particular animal source product.

American Studies in Review

The American Civil War had a serious impact in Europe because the United States supplied vital raw materials for both Britain and France and was also a major market for their manufactured goods. The prospect of intervention in the war raised difficult issues—morally repugnant support of slavery on the one hand, but on the other, in the aftermath of the rebellions of 1848 in Europe, the possibility to weaken democratic republicanism. Mediation remained elusive. Britain, being the leading economic, naval, and colonial power, was the most threatening and most involved with both the Union and Confederate sides in the war. Britain’s diplomatic and maritime policy is the most extensively studied, augmented by fresh examinations of the British minister to the United States, Lord Lyons. New research also examines possible French involvement in the war and the complications arising from France’s invasion of Mexico.

Perception of Cybersecurity in the B2C Segment of the Russian Market: Problems and Solutions in the Context of the Marketing Strategy

Russian cybersecurity market shows insignificant positive growth rates due to development of the B2B segment: launch of individual projects in the sphere of digitalization at the federal level, as well as adoption of security systems to deflect cyber attacks and proactively identify threats from major market players. At the same time, the B2C segment is really inferior to B2B. This is primarily attributable to the fact that ordinary consumers do not realize the need to protect digital data. The present paper will consider the main parameters of the macroenvironment, competitive saturation and will analyze a modern consumer of cybersecurity services. These factors will help to identify the roots of negative perception of cyber services among Russian consumers. The article authors suggest a marketing communication strategy to improve the current situation on the example of Kaspersky Lab and the target IT Administrators audience.

Luxury in China

Luxury brands embody strong cultural narratives to express their authentic value and to make them more desirable. With globalisation and the democratisation of luxury, the nature of luxury consumption is changing. Emerging economies such as China have become not only the major market but a source of design inspiration for luxury brands. This chapter provides a systematic review of luxury brands in China in three distinct stages, followed by an in-depth analysis of the nature of luxury consumption in China and the transportation mechanism of brand narratives to different cultures. It concludes with several important findings and indicates that good storytelling provides an anchor for a brand’s esteem both at home and abroad. Instead of merely communicating the cultural narratives of their Western origin, luxury brands need to identify with Chinese culture in all elements of their business, from product design to brand communication. Finally, this chapter explores the impact of the global pandemic on luxury brands in China.

What About Wood?—“Nonwood” Construction Experts' Perceptions of Environmental Regulation, Business Environment, and Future Trends in Residential Multistory Building in Finland

Despite the sustained interest in multistory wood-frame construction (WMC) along with an expanding bioeconomy, the rate of market uptake has been modest outside North America. Changing environmental values and regulation are expected to boost WMC adoption along with an expanding bioeconomy, yet the future prospects of WMC are typically explored with an empirical focus on the actors that are already active in WMC. To address the possible bias, this paper elicits the views of nonwood actors (i.e., construction company managers and executives in the areas of procurement and project planning with no prior experience in WMC), through 10 semistructured interviews. The results indicate that the nonwood actors do not necessarily oppose WMC as such, but there remain competitive barriers for a major market growth of WMC related to, for example, lack of standardization and significant enough productivity benefits to motivate adopting a new potentially risky construction practice. Based on comparisons with previous literature, the most notable differences in opinions between wood actors and nonwood actors regarded the direction and strength of the impact of consumer preferences on WMC demand. While acknowledging that this is a crude comparison without statistical significance, one can observe similarities in the distribution of answers for the questions unrelated to WMC, but more dispersion for those addressing WMC. Yet, while the attitudes toward wood as a construction material seem to differ, both the wood and nonwood actors seem to regard the doubling of the market share of WMC in Finland by 2030 as feasible.

Aromatic Rice of India: It’s Types and Breeding Strategies

The coalescence of organoleptic traits viz., pleasant aroma, cooked rice texture, and taste make aromatic rice unique and distinguished from non-aromatic rice. Aromatic rice is cultivated in every rice growing country; with each country has its own indigenous collection. International trade of rice is dominated by Indica (long grained), Japonica (short grained), aromatic rice (Basmati and Jasmine) and glutinous rice; amidst which, Basmati types from India and Pakistan; and Jasmine types from Thailand have phenomenal demand. In India all types of aromatic rice are cultivated based on Kernel length; short, medium, long and very long grained. Basmati varieties own the major market, while other types of aromatic rice besides Basmati are popular in local market only. The country inherits rich diversity of aromatic rice germplasm; with more than 300 different types, each of the rice growing states of India has its own locally popular aromatic rice varieties. India a country where two third of its population consume rice as part of their daily food; aromatic rice always remain their favorite. Basmati, by virtue of its excellent qualities it dominates both national and international market. Every year, Basmati ranks first in respect of foreign exchange earned from the export of agricultural products from India (APEDA). The phenomenal demand and export figures have augmented Basmati Breeding program. However, only few aromatic varieties are cultivated depending on their demand, and their breeding program is also limited. In India, Basmati has over-shadowed other types of aromatic rice in market and in plant breeding programs too. Breeding for Basmati varieties is undertaken by prime agricultural institutions of India. The country regulates quality standards and development of Basmati varieties with the help of Export of Basmati Rice (Quality Control and Inspection) Rules 2003; Agricultural and Processed Food Products Export Development Authority (APEDA); and Basmati Export Development Foundation (BEDF). However, no such initiatives have been taken to promote the development of other aromatic rice varieties of India besides Basmati.

How could Finland promote renewable-energy technology innovation and implementation?

Several major market failures are hindering renewable energy production. Probably the most significant one of these are negative externalities. Another issue hindering renewable energy production is low technological and commercial maturity. These technologies might not become commercially viable in the near future without state intervention. This study aims to analyse Finnish energy policy based on current legislation related to renewable energy production and budget policy related to renewable-energy subsidies. This study shows that the polluter-pays principle is implemented quite well in Finland due to the emissions trading scheme and taxation. Still, this principle is not entirely implemented in electricity production as electricity tax is not based on the carbon intensity of the fuel used, but rather on who uses the electricity. National subsidy policies focus on a short-term increase in renewable energy production as most subsidies are production subsidies granted through a bidding process, making these subsidy policies partly technology-neutral. These policies do not take into account long-term needs for energy policy as much as they could.