A

Summer Internship Report

On

Fundamental And Technical Analysis In Real Estate Sector

Submitted for partial fulfilment of requirement for the award of degree

Of

Master of Business Administration

Of

GRAPHIC ERA (Deemed to be University)

DEHRADUN (UTTARAKHAND)

Session 2021-2023

Supervision by- Submitted by- Shweta Kumari

D. C. PANDEY Roll No- 1403024
Designation- Enrolment No- GE-21143024

DEPARTMENT OF MANAGENMENT STUDIES

GRAPHIC ERA (DEEMED TO BE UNIVERSITY) DEHRADUN
 DECLARATION

I hereby declare that the Internship Report entitled “Fundamental and technical analysis in
real estate sector” submitted for the Degree of Master of Business Administration, is my
original work and the Internship Report has not formed the basis for the award of any degree,
diploma, associateship, fellowship or similar other titles. It has not been submitted to any
other University or Institution for the award of any degree or diploma.

Shweta Kumari
 CERTIFICATE BY INTERNAL GUIDE

I have the pleasure in certifying that Ms Shweta Kumari is a student of Graphic Era (Deemed
to be University) of the Master’s Degree in Business Administration (MBA). His/her
University Roll No is

He/ She has completed his/her Internship/ Field Project titled as “Fundamental and technical
analysis in real estate sector” under my guidance.

I certify that this is his original effort & has not been copied from any other source. This
project has also not been submitted in any other university for the purpose of award of any
Degree.

This project fulfils the requirement of the curriculum prescribed by Graphic Era (Deemed to
be University), Dehradun, for the said course.

I recommend this Internship/ Field Project for evaluation & consideration for the award of
Degree to the student.

Signature Name of the Guide:

Signature: Name of the HOD:

 ACKNOWLEDGEMENT

I express my sincere thanks to my project guide, Mr./Dr./Ms./Mrs.

Designation , Department for
guiding me rightform the inception till the successful completion of the project.

I also record my indebtedness to my supervisor, Prof. /Dr. /Mr. /Ms.

for his / her counsel and guidance during the preparation ofthis Internship/ Field Project. I
am grateful to (Director, Head or any other faculty)
……………………………………………………

I wish to record my sincere thanks to (your family members or friends etc.)for their help and
cooperation throughout our project. My thanks are due to (those who have helpedin collecting
data or analysis or typesetting etc.).,

(Signature of Student)
Shweta Kumari
 TABLE OF CONTENT

1) INTRODUCTION 1

2) COMPANY PROFILE 2

3) OBJECTIVE OF STUDY 3

4) BASIC CONCEPT 4

5) EQUITY MARKET 8

6) INDICATORS 14

7) TRADING STRATEGIES 21

8) PATTERNS 24

9) SECTOR ANALYSIS 35
 Introduction

The internship was conducted at Bajaj Allianz, Saket Delhi. Bajaj Allianz is a General
Insurance company, a joint venture between Allianz SE, the world’s leading insurer, and
Bajaj Finserv Limited. The Company received the certificate of registration from IRDA on
2nd May 2001 to conduct general insurance business in India. Bajaj Allianz General
Insurance, today, is one of the largest private insurers in the industry with offices in over
1100 towns and cities. The Company has continuously been expanding its operations to reach
out to its customers.

The internship helped me to get a feel of real time meaning and knowledge of the Stock
market. During the internship, I learned overall strategies, Indicators and fundamentals that
are useful for decision making in the stock market like- Buy or Short the stock or when to
take entry & exit.

Moreover, I got to interact with the manager and the other professionals in order to know
how an organisational structure works and got the experience of corporate culture &
ecosystem.
 Company Profile

Tagline:

CARINGLY YOURS.

Vision:

To be the first-choice insurer for customers

To be the preferred employer for the staff in the insurance industry

To be the number one insurer for creating shareholder value.

Mission:

As a responsible, customer focused market leader, we will strive to understand the insurance
needs of the consumers and translate it into affordable products that deliver value for money.
A Partnership Based on Synergy

Bajaj Allianz offers technical excellence in all areas of General and Health Insurance, as well
as Risk Management. This partnership successfully combines Bajaj Finserv's in-depth
understanding of the local market and extensive distribution network with the global
experience and technical expertise of the Allianz Group. As a registered Indian Insurance
Company and a capital base of Rs. 110 crores, the company is fully licensed to underwrite all
lines of insurance business including health insurance.
 DESIGN & OBJECTIVE OF THE STUDY

➢ To study the overall strategies, Indicators & fundamentals that are useful for decision
making in stock market.
➢ To interact with manager and seniors in order to experience the corporate culture and
ecosystem.
➢ To understand duties & responsibilities of the employee towards the organisation.
➢ To understand how the stock market works & learn the nature of market like Bullish,
Bearish, Sideways & volatile.
➢ To understand various insurance instrument, organizing meeting with clients and
providing them products as per their financial goals.
➢ To analyse the Real estate Sector/ Industry and find the future growth opportunities.
➢ To carry out the company analysis of the selected sector and companies and to suggest
whether they are a viable investment option.
 BASIC CONCEPTS

1. Stock Market:
A stock market is a market on which shares are traded. For a company’s shares to be traded
on a stock exchange, they must be listed on that stock exchange.

2. Shares:

A share is a unit of ownership in a company. When you buy a share of a company, you
become a part-owner, a shareholder in the company. Shares are also known as securities or
equities. A company whose shares may be bought by the public and traded on the open
market is called a quoted Public Limited Company.

A share has a “nominal” price at which it was originally authorized for issue, and a market
price at which it is currently traded.

3. Bull:

An operator who expects the share price to rise and take position in the market and sell at the
later date.

4. Bull Market:

A bull market is one where prices are rising, whereas a bear market is one where prices are
falling. The two terms are also used to describe type of investors.

5. Bear:

An operator who expects the share price to fall.

6. Bear Market:

A weak and falling market where buyers are absent.

7. Support & Resistance:

Support is the price level through which a stock or market seldom. Resistance on the other
hand is the price level that a stock or market seldom surpasses.

➢ Once the price goes above the resistance level, resistance line becomes the new
support.

8. Stop Loss:

An order placed with the broker to sell when it reaches to a certain price. A stoploss order is
designed to limit an investors loss on security position.

Also known as a “stop order” or “stop-market order”.

9. Target Price:

A price that, if achieved would result in a trader recognizing the best position outcome for his
or her investment. This is the price at which the trader would like to exit his/ her existing
position so that he or she can realize the most reward.
10. Why Invest in Stocks?

While there are many ways you can chose to invest your money, the stock market has
historically provided the highest potential return to the investor. Over the long term, no other
type of investment has performed better than stocks. Overtime, stock market investing has
outperformed other investing instruments and even real estate investing. On average, stocks
have provided about 10% annual return to the investors.

11. Risk associated with investing in Stock Market:

Every beginning stock market investor should know that stock prices can vary, sometimes
widely and that a significant or the entirely of a stock investment can be lost. Most stock
investor seeks to minimize this risk by developing a balanced, diversified portfolio of stock
investment.

12. Intra-Day and Cash N Carry Trading:

Intraday: Intraday trading is typically completed within a day that means the stock that have
been purchased in the beginning of the day will be sold before the closing of the exchange on
the same day. Even if you do not sell the stock, it will automatically square off before the
closing of the exchange. No full price of the stock in needed for trade in Intra-Day, only a
part of price of share is needed termed as “margin”.

In day trading one can always short sell the stock that means one can always sell the stocks
before buying them and then buy the stock before the closing of the market. This is one
benefit that gives profit even when the price of the stock is sure to fall. The brokerage of the
intraday trading is always lower than the delivery trading. In day trading profit is received on
the very day as investment is for few hours. Therefore, even if the price rises, a little profit is
significant.

Cash N Carry: In case of Cash n Carry Investment or long-term investment, one can sell the
stock as and when wish to sell or buy them. With CNC, one can always hold a stock till it
reaches the expected price. Long Term investment always gets dividend, bonus stock, split of
shares and other benefits that the company announces.
 EQUITY MARKET
In Equity Analysis / Research, anticipated growth and calculations are based on considered
Facts not Hopes. Equity Analysis is the combination of two independent analysis, namely
Fundamental analysis & Technical Analysis. The subject of Equity Analysis or Research,
is the attempt to determine future share price movement and its reliability to historical data is
a vast one, covering many aspects from calculating various Financial Ratios, plotting of
Charts to extremely sophisticated indicator.

EQUITY ANALYSIS

ECONOMIC INDUSTRY COMPANY

FUNDAMENTAL TECHNICAL

Economic analysis

In economic analysis following factors are considered as a whole with a perspective of

industry and also considered with a perspective of individual company. The factors are,

➢ Economic growth
➢ Inflation rates
➢ Interest rates
➢ Government policies regarding businesses and industry.
➢ FII’s perception to share market

Industry Analysis

It is a systematic study which is done by investors for the purpose of investment decision
process. The factors which should be taken under considerations are,

➢ Structure of the industry

 ➢ Nature of the competition
➢ Nature & prospects of the demand
➢ Cost, efficiency and profitability
➢ Technology & research

Company Analysis

In company analysis, the investor will evaluate each and every information related to the
company’s present and future value of stock. The risk and return associated with the purchase
of the stock. The following factor which an investors focus on,

➢ Earning
➢ Capital Structure
➢ Management & Operation Efficiency
➢ Competitive Edge
➢ Financial Performance

Fundamental Analysis

Fundamental analysis is the study of overall economic, industry & company conditions to
determine the value of company’s stock. Majorly give focuses on company’s financial
statement to determine whether the stock price is correctly valued. Fundamental analysis is a
very powerful analytical tool useful for measuring performance of an organization. the ratio
analysis concentrates on analysing the past performance of the firm and make further
projection regarding the financial position.

Fundamental analysis consists of the following

➢ Study of balance sheet

➢ Study of profit & loss a/c
➢ Study of ratio

Technical analysis

Technical analysis refers to the study of the market generated data like price & volume to
determine the future direction of price movement. Technical analysis mainly seeks to predict
the short-term price. Technical analysis involves use of various methods for charting,
calculating & interpreting graph & chart to assess the performance & status of the price. It is
the tool of financial analysis, which not only studies but also reflecting the numerical and
graphical relationship between the important financial factors.

Usually the following tools & instruments are used to do technical analysis:

➢ Open- This price is the first trade for the period. When analysing daily data, the
open is especially important as it is the consensus price after all interested parties
were able to “sleep on it”.

➢ High- This is the highest price that the security traded during the period. It is the
point at which there were more sellers than buyers.

➢ Low- This is the lowest price that the security is traded during the period. It is the
point at which there were more buyers than sellers.

➢ Close- This is the last price that the security traded during the period. Due to its
availability, the close is the most often used price for analysis. The relation
between open & close price is considered significant by most technicians. This
relation is emphasized in candlestick charts.
➢ Volume- This is the number of shares traded during the period. The relationship
between price & volume is important.

➢ Open Interest- This is the total numbers of outstanding contracts of futures &
options. Open interest is often used as indicator.

➢ Bid- This is the price a market maker is willing to pay for a security.

➢ Ask- This is the price a market maker is willing to accept.

 Price Styles
Price in a chart can be displayed in three styles:

1. Bar Chart
2. Line Chart
3. Candlestick Chart
➢ 99% of the traders use candlestick chart to analyse the stocks.

1. Bar Charts:

The highs & lows of a foreign currency are plotted in a diagram and the points are joined
with vertical line (bars). A small horizontal tick to the left denoted the opening level while a
small horizontal tock to the right represents the closing price of each interval.

2. Line Charts:

It gives the detailed information about every aspect.

The exchange rates for each time period are plotted in a diagram and the points are joined,
prices on Y-axis & time on X-axis.

3. Candlesticks Chart:

A candle stick is RED(Bearish) if closing price is lower than the opening price &
GREEN(Bullish) when the closing price is higher than the opening price.
 Trends
The direction of the trend is absolutely essential to trading and analysing the market. In the
FOREX market, it is possible to profit from both UP & DOWN movements, because the
buying & selling of one currency is always linked to another currency for e. g. BUY US
Dollar SELL Japanese Yen. In terms of stock, it refers to the movement of price i. e. Increase
or Decrease in price of stock.

Types of Trends:

Up Trend:

It is the situation when the market is moving upward direction or the price of security is
increasing.

Down Trend:

It is the situation when the price of the security is decreasing or the market is constantly
moving in downward direction.

Sideways Trend:

When the prices are moving within a narrow range, movement or change in prices are
very minor, that situation is termed as sideways trend.
 INDICATORS

Technical indicators are technical tools that facilitate in analysing the movement within the
stock prices whether or not the continuing trend goes to continue or reverse. It helps the
traders to make entry and exit decisions of a particular stock.
Types of indicators-
1. Relative Strength Index
2. Super trend
3. Volume Weighted Average Price
4. Fibonacci Golden Cross/ Moving Average
5. Pivot Point Standard
6. Bollinger Bands
7. Awesome Oscillator
8. Aroon
9. Moving average convergence divergence

Relative strength index - There are two horizontal lines that is 30 & 70 which give
signal to buy or sell the stock,
➢ If the RSI crosses the
line 30 from below to up
then it is a signal for buy
call.

➢ If the RSI crosses the line

70 from up to below then
it is a signal for short sell
Super trend – This indicator denotes the trend by showing green and red lines.
➢ If there is the formation
of green line then the
investor should take call
for buy.

➢ If there is the formation

of red line then the
investor should take call
for short sell.

Volume Weighted Average Price –

➢ If there is an upward
trend and green candle
cut the VWAP line from
down to up then the
investor should take call
for buy.
 ➢ In the case of short
sell, there is a
downward trend in
which red candle
basically cut the VWAP
line from up to down in
this scenario the
investor will take call
for short sell.

Fibonacci Golden Cross/ Moving Average - There are two lines of moving average which
are moving average 21 and moving average 55 which gives signal to investor to decide when
to take call for buy or for short sell.

➢ If the moving average

21 line cut the moving
average 55 line from
below then the
investor will take call
for buy.

➢ If the moving average

21 line cut the moving
average 55 line from
above then the
investor will take call
for short sell.
Pivot Point Standard - This indicator gives the buying and selling signal on the basis of
Pivot line.

➢ When the green

candle is made from
below to above or
nearer to the pivot
line, it is the signal
for buying putting
the first resistance
line as target and
first support line as
stoploss.

➢ When the red candle

is made from above
to below or nearer to
the pivot line, it is
the signal for short
selling putting the
first support line as
target and first
resistance line as
stop loss.

Bollinger Bands - In this indicator, basically there are three lines which are upper Bollinger
band, middle Bollinger band and lower Bollinger band.

➢ If there is
downward trend
from above to
below and red
candle cut the
lower Bollinger
band line through
the middle
Bollinger band then
the investor will
take call for buy.
 ➢ If there is upward
trend from below to
above and green
candle cut the upper
Bollinger band
through the middle
Bollinger band then
the investor will take
call for short sell.

Awesome Oscillator - There is a zone in this indicator showing the trend, when the bullish
zone is beginning above the 0 line, buy the stock whereas when it is going below the 0 line, it
shows the beginning of bearish zone giving signal of selling.
Aroon - In this indicator, there are two lines, (orange aroon) up line & (blue aroon) down
line.

➢ If the orange line

cut the blue line
from below to
above which
should be above
50% then the
investor should
take call for buy.

➢ If the blue line cut

the orange line
from below to
above which
should be below
50% then the
investor should
take call for short
sell.
Moving average convergence divergence - According to this indicator, there are two lines
which is blue line called MACD line & orange line called moving average / signal line.

➢ If blue line cut

orange line from
below to above and
it should be below
from the zero line
then an investor can
take call for buy.

➢ If blue line cut

orange line from
above to below and
it should be above
from the zero line
then an investor can
take call for short
sell.
 TRADING STRATIGIES
A trading strategy is a systematic methodology used for buying and selling in the securities
markets. A trading strategy is based on predefined rules and criteria used when making
trading decisions. (INVESTOPEDIA)

Following are the trading strategies which can be used for trading,

1. Bull 180°
2. Bear 180°
3. Opening Range Break-Out (ORB- 45)
4. Squeeze Momentum
5. Golden Gate Strategy

BULL 180° - When there is a downward trend in which there is the formation of green
candle which covers the prior two red candle then the investor will take call for buy.

BEAR 180° -When there is a upward trend in which there is the formation of red candle
which covers the prior two green candle then the investor will take call for short sell.
OPENING RANGE BREAKOUT (ORB)-45 - According to this strategy, Buying / Selling
call is made on the basis of the first three 15 minutes candles of the day. Mark the range
between the candles and take call according to breakout or breakdown.

SQUEEZE MOMENTUM - When NIFTY/ SENSEX is in positive, spot the top gainer or
loser of the day, when there is a sideway moment, make a range, when there is an outbreak
or downfall from the range, investor can buy or sell the stock.
GOLDEN GATE STRATEGY - In this strategy buying call is made on the basis of the
moving average, 3 line denotes the time and correction of the price of the stock on 200MA
line and forms a gate after the correction giving a buying call.
 PATTERNS
1. Long term price action patterns
2. Mid-term price action patterns
3. Short-term price action patterns

Long Term Price Action Patterns - "Long term" refers to the extended period of time
that an asset is held. depending on the sort of security, a long-term asset is often held for as
little as one year or for as long as 30 years or additional. For long term investment I have
taken stocks from the real estate sector.

Types of long-term price action patterns are:

1. Cup With Handle

2. Rounding Bottom

3. Head And Shoulder Bottom

4. Head And Shoulder Top

5. Bump And Run

6. Triple Top

7. Triple Bottom

8. Double Top

9. Double Bottom

Cup with handle - In this pattern

there is the formation of a rounding
bottom with handle which breakout
from the range then an investor can
take call for buy.
Rounding Bottom - In this pattern
there is downward trend which form a
rounding bottom which breakout from
the range then investor can take call
for buy.

Head & Shoulder Bottom - This

pattern gives the call for buying when
there is a downward trend in the stock,
where the stocks have same highs but
different lows making neckline on highs
and inverted Head & Shoulders. buying
call is made when the high of right
shoulder cuts the neckline.

Bump And Run - This pattern gives

the selling call when there's an
upward trend in stock and there's a
sudden increase in the price of the
stock. Marking all the lows and when
the downtrend intersects the line, sell
the stock.
Triple Top - This pattern gives the
selling call, when the trend is upward
and creating same tops & lows, mark
the lows and when the downtrend cuts
the trend line sell the stock.

Triple Bottom - This gives the call for

buying when there is a downward trend
having same lows and highs, buy when
the trend line of highs is intersected by
the candle.

Double Top - This pattern gives the

selling call, when the trend is upward
and creating same tops & lows, mark
the lows and when the downtrend cuts
the line SELL the stock.
Head And Shoulder Top - This
gives the call for buying when there
is a downward trend having same
lows and highs, buy when the trend
line of highs is intersected by the
candle.
Mid-Term Price Action Patterns - For Medium-term Investment we tend to see these
Chart patterns so we are able to predict the worth trend accurately. For Medium-term
investment I even have taken Stocks from the real sector.

Types of mid-term price action patterns,

1. Price channel
➢ Upward price channel
➢ Downward price channel
2. Ascending triangle
3. Descending triangle
4. Symmetrical triangle
5. Flag and pennant
6. Rectangle pattern

Upward price channel -

Upward price channel pattern
indicates when to take call for
buy. if there is upward trend
then mark all highs and lows
and when it gives breakout
from the range then an investor
can take call for buy.

Downward price channel -

Downward price channel

indicates when to take call for
short sell. If there is downward
trend then mark all highs and
lows and when it gives sign of
downfall from the range then a
investor can take call for short
sell.
Ascending triangle - If there
is an upward trend and
triangles are formed having
same highs but different lows
then mark all highs and lows
and when there is breakout
then an investor can take call
for buy.

Descending triangle - If
there is a downward trend
and triangles are formed
having different highs and
same lows then mark all
highs and lows and when
there is downfall then an
investor can take call for
short sell.

Symmetrical triangle -
According to this pattern, if
there is a upward to
downward trend and
triangles are formed having
different highs and different
lows then mark all highs
and lows and when there is
breakout then an investor
can take call for buy.
Flag and pennant -
According to this pattern, if
there is upward trend and
then there is the formation
of sideways and it gives
breakout from the range
then an investor can take
call for buy.

Rectangle triangle - In this

pattern there is the
formation of sideways, if
the trend gives breakout
from the range, then an
investor can take call for
buy.
Short term price action pattern - Short-term trading is a strategy that aims to open and
close positions within a short timeframe, typically days or weeks, though it may be even
shorter. A short trade will last for as little as a few minutes to as long as several days.
1 Hammer
2. Inverted hammer
3. Bullish engulfing
4. Bearish engulfing
5. Doji
6. Useful doji
7. Useless doji
8. Shooting star
9. Hanging man
Hammer - This pattern gives bullish
sign, when there is a downward trend, a
candle looking like hammer is created
and next candle green is created then an
investor can take a call for buy.

Inverted hammer - This pattern gives

bullish sign, when there is a downward
trend, a candle looking like inverted
hammer is created and there is a upward
trend then an investor can take call for
buy.
Bullish engulfing - When there is
downward trend and green candle is
formed which cover last 2 red candles
then an investor can take call for buy.

Bearish engulfing - When there is

upward trend and red candle is formed
which cover last 2 green candles. Then
an investor can take call for short sell.

Doji - Doji is the candle having

almost same opening & closing. In
case of trend should be upward, after
creation of doji trend falls.
Useful doji - Doji is the candle having
almost same opening & closing. In
case of trend should be downward,
after creation of doji trend goes up.

Useless doji - In this case trend should

be downward, after creation of doji if
trend goes down then it is a useless
doji.

Shooting star - This pattern gives

signal for short sell, where the candle
is made which look similar to inverted
hammer but there is a downward trend
after this candle.
Hanging man - This pattern
gives bearish sign, when there is
an upward trend and a hanging
man candle formed which
changes the trend to downfall
then an investor can take call for
short sell.
 Sector Analysis
➢ In India, the real estate sector is the second-highest employment generator, after the
agriculture sector.
➢ Real estate sector in India is expected to reach US$ 1 trillion by 2030. By 2025, it will
contribute 13% to the country’s GDP.
➢ Rapid urbanisation bodes well for the sector. The number of Indians living in urban areas
is expected to reach 525 million by 2025 and 600 million by 2036.
➢ Construction is the third-largest sector in terms of FDI inflow. FDI in the sector
(including construction development & activities) stood at US$ 52.48 billion between
April 2000 to December 2021.
➢ Real estate sector in India is expected to reach US$ 1 trillion in market size by 2030, up
from US$ 200 billion in 2021. India’s real estate market is estimated to increase at a
CAGR of 19.5% during 2017- 2028. The market is forecast to reach US$ 650 billion,
representing 13% of India’s GDP by 2025.
➢ Increasing share of real estate in the GDP would be supported by increasing industrial
activity, improving income level and urbanisation.

▪ The Government launched 10 key policies for the real estate sector:

• Real Estate Regulatory Act (RERA)

• Benami Transactions Act

• Boost to affordable housing construction

• Interest subsidy to home buyers

• Change in arbitration norms

• Service tax exemption

• Dividend Distribution Tax (DDT) exemption

• Goods and Services Tax (GST)

• PR for foreign investor

 MARCH-22 MARCH-21 MARCH-20 MARCH-19 MARCH-18
GODREJ 0.60 0.54 0.67 1.42 1.65

PROP
DLF 0.14 0.16 0.17 0.17 0.24

PHOEMIX 0.19 0.13 0.27 0.25 0.24

MIL
CONTRIBUTION TOWARDS GDP
COMPANY PROFILE – GODREJ PROP. LTD

Godrej Properties brings the Godrej Group philosophy of

innovation, sustainability, and excellence to the real estate industry.
Each Godrej Properties development combines a 125–year legacy of
excellence and trust with a commitment to cutting-edge design and technology. In 2010,
Godrej Properties became a publicly listed company through a successful IPO in which it
raised USD 100 million. In the financial year 2016, for the first time, Godrej Properties was
India's largest publicly listed real estate developer by sales value having sold over INR 5,000
crore of real estate that year.

TAGLINE
Brighter Living

VISION
We aspire to be the nation's top real estate company, while continuing to be the most trusted
name in the industry. We shall deliver superior value to all stakeholders through
extraordinary and imaginative spaces created out of deep customer focus and insight.
 FINANCIAL RATIO OF GODREJ PROP. LTD

00
 COMPARISIOIN BETWEEN NIFTY REALTY WITH OTHER REAL ESTATE
COMPANIES

As per above chart it shows that all the companies have outperformed, if it is compared with
Nifty Realty.
COMPARISION WITH NIFITY 50 INDEX

According to this chart if you look at the historical price movement of the stock price then it
is clearly visible that there is an upward trend in the long-run as well as it is also performing
well while comparing with Nifty 50.
REFERENCE

• Bajaj Allianz website

• Investopedia
• IBEF
• Money control
• Trading view
• Screener