MONEY MULTILPIER
Without Analysis / Paralysis
MAHENDER MEHTA
10/28/2014
MONEY MULTIPLIER withoutAnalysis/ParalysisbyobservingP/Eratioforentryand exitpointsfor
investmentinstocks
2 MAHENDER MEHTA
MONEY MULTIPLIER
Without
Analysis / Paralysis
CONTENTS
Section No. Title Page No.
1 Objective 2
2 Data Description 2
3 Analytical Approach 3
4 Conclusion / Recommendation 15
5 Appendix 16
3 MAHENDER MEHTA
OBJECTIVE
The objective of our study is to find out if there is any money multiplier which is
available without any analysis or paralysis.
A simple employee is keen to find this money multiplier, small or medium business
employees (self-employed) are also inquisitive about this money multiplier, a
businessman is also looking for this multiplier. Above all, a simple investor or an
intelligent investor wants to know about this money multiplier. After all, everyone
wants to be rich.
In order to fulfill the objective, we will be using simple statistical tools to analyze the
data in our analytical approach. More specifically, we will be using various
descriptive statistics and graphs to come to a certain conclusion.
DATA DESCRIPTION
For showing the money multiplier effect, we are using the data of Price Earnings
ratio (P/E) verses time.
Let us first understand the definition of Price-Earnings ratio.
As per definition given in Investopedia (www.investopedia.com) the definition of P/E
ratio is given below.
A valuation ratio of company’s current share price compared to its per-share
earnings.
Calculated as:
Market Value per Share / Earnings per Share (EPS)
For example, if a company is currently trading at Rs.43 a share and earnings over
the last 12 months were Rs.1.95 per share, the P/E ratio for the stock would be
22.05 (Rs.43 / 1.95).
EPS is usually from the last four quarters (trailing P/E), but sometimes it can be
taken from the estimates of earnings expected in the next four quarters (projected on
forward P/E).
A third variation uses the sum of last two actual quarters and the estimates of the
next quarter.
Also sometimes known as “price multiple” or “earnings multiple.”
4 MAHENDER MEHTA
We will analyze the data for 10 years to effectively find out the money multiplier
effect.
We will use the following links to collect our sample data.
S. NO.
TYPE OF
LINK
LINKS
1
P/E RATIO
BSE INDEX
HISTORICAL
LAST FIVE
YEARS
http://www.bseindia.com/markets/keystatics/Keystat_index.as
px?expandable=2
2
P/E RATIO
BSE INDEX
HISTORICAL
FROM 1999
10 2013
http://www.bseindia.com/markets/keystatics/Keystat_ratois.a
spx?expandable=2
3
P/E RATIO
NSE
http://www.nseindia.com/products/content/equities/indices/his
torical_pepb.htm
The data collection methodology will include the following.
1. Go to the site of National Stock exchange (www.national stockexchange.com) and
collect the data for P/E ratio for 1st year.
2. We take the data for 1 year as historical data is available for only 365 days in one
year. (1-01-1999 to 31-12-1999)
3. Similarly we collect the data for 2nd year, 3rd year and so on up to 12 years.
ANANLYTICAL APPROACH
A stock market index is created by selecting a group of stocks that are
representative of the whole market or a specified sector or segment of the market.
An Index is calculated with reference to a base period and a base index value. An
Index is used to give information about the price movements of products in the
financial, commodities or any other markets. Financial indexes are constructed to
measure price movements of stocks, bonds, T-bills and other forms of investments.
Stock market indexes are meant to capture the overall behaviour of equity markets.
Daily and historical values of Price/Earnings (P/E), Price/book Value (P/B) and
Dividend Yields and Indices are taken into consideration.
5 MAHENDER MEHTA
The CNX Nifty is a well diversified 50 stock index accounting for 23 sectors of the
economy. It is used for a variety of purposes such as benchmarking fund portfolios,
index based derivatives and index funds.
CNX Nifty is owned and managed by India Index Services and Products Ltd.
(IISL). IISL is India's first specialised company focused upon the index as a core
product.
The CNX Nifty Index represents about 66.85% of the free float market capitalization
of the stocks listed on NSE as on June 30, 2014.
2. The details of data analysed for last six months is given below:
3. On the above lines data is analysed for ten years to get the following inputs.
S. NO. INDICES/SECTORS TIME PERIOD DATE HIGHEST P/E RATIO DATE LOWEST P/E RATIO
1 CNX NIFTY 01-01-99-TO-12-06-2014 08-Jan-08 28.29 27-Oct-08 10.68
2 CNX NIFTY JUNIOR 01-01-99 TO-12-06-2014 04-Jan-08 27.71 25-Nov-08 7.44
3 NIFTY MIDCAP 01-01-04 TO-12-06-2014 07-Jan-08 24.41 27-Oct-08 6.43
HIGHEST, LOWEST & CURRENT P E RATIO OF INDICES
6 MAHENDER MEHTA
4. For our data as defined below we can also find and demonstrate the mean and
median of the data however it will not be used in our analytical approach.
DATE P / E Ratio CNX NIFTY CNX NIFTYJUNIOR
01.01.1999 11.62 890 1530
03.01.2000 25.91 1592 4288
21.09.2001 12.3 854 1054
15.10.2007 25.77 5670 10250
24.10.2008 10.99 2584 4104
01.10.2010 25.54 6143 12846
Mean Median
P / E Ratio 18.68833333 18.92
CNX NIFTY 2955.5 2088
CNX NIFTY JUNIOR 5678.666667 4196
The above data also shows that there is a boom period (when indices are rising) and
there is bust period (when indices are falling). Generally boom period is of 5 years
and bust period is of two years but it varies on many social economic factors.
5. Before we start our detailed calculations for finding the money multiplier factor or
money multiplier effect, we have observed the following:
ď‚· PE ratio of 10, 11, 12 are considered to be extremely cheap and PE ratio of
26, 27, 28 is considered to be quiet expensive.
ď‚· One can consider investing lump sum at PE ratio of 10, 11, 12 and sell at PE
ratio of 26, 27, 28.
6. Let us now start to find out money multi plier factor by using P/E ratio and CNX
Nifty indices.
Based on the above observations, we will find entry points and exit points in NIFTY
and JUNIOR NIFTY from January 1, 1999 for 10 years, on the basis of PE ratio and
calculate the amount accumulated and see the money multiplier effect, if we would
have started investing with INR 1,00,000 (one lakhs).
6.1 On January 1, 1999, the P/E ratio was 11.62, therefore we will buy stock worth
one lakh (Rs.100,000).
Date P/E
01-Jan-99 11.62
7 MAHENDER MEHTA
We will buy ETF (Exchange Traded Fund). As per details given on Investopedia
(http://www.investopedia.com/), by owning an ETF, you get the diversification of an
index fund as well as the ability to sell short, buy on margin and purchase as little as
one share.
6.2 On January 3, 2000, the P/E ratio is 25.91, we will sell the stock.
6.3 Let us see the value of stock on January 3, 2000.
6.3.1 The CNX NIFTY as on January 1, 1999 is 890.80 as shown in their historical
data. We always take the closing value.
Historical Data for CNX NIFTY
For the period 01-01-1999 to 01-12-1999
Date Open High Low Close
Shares
Traded
Turnover
( Cr)
01-Jan-
1999
886.75 892.20 882.60 890.80 31356585 807.26
04-Jan-
1999
896.40 905.45 895.75 897.80 32224833 811.39
6.3.2 The value of CNX NIFTY as on January 3, 2000 is 1592.20 as shown in their
historical data.
Historical Data for CNX NIFTY
For the period 01-01-2000 to 12-01-2000
Date Open High Low Close
Shares
Traded
Turnover
( Cr)
03-Jan-2000 1482.15 1592.90 1482.15 1592.20
2535832
2
884.15
04-Jan-2000 1594.40 1641.95 1594.40 1638.70
3878787
2
1973.69
Date P/E
03-Jan-00 25.91
8 MAHENDER MEHTA
6.3.3 This means that the value of our initial investment has gone up by 1592.20 /
890.80 = 1.787 times. Therefore the value of our money after selling the stock will be
Rs.100,000 x 1.787 = Rs.178,700 = Rs.1.787 lakhs.
6.4 After this boom period, bust period will start, we therefore will keep the money in
bank as Fixed Deposit for 18 months and earn the interest @ 7% (conservative rate).
After selling the stock we will keep the money in bank, as per Mr Warren Edward
Buffett – the American business magnate and investor, we should have low
expectations, we do not have to achieve any targets and be a patient observer.
6.5 The value of our money after 18 months will be = Rs.1.787 x 1.07 x 1.04 (this is
including interest of 7% for first year and interest of 4% for another six months). The
value will be Rs.1.99 lakhs.
6.6 Again while observing the data, we find that P/E ratio as on September 21, 2001,
was 12.3, we will therefore buy stock worth Rs.1.99 lakhs.
After buying the stock we will wait and silently observe the P/E ratio with least
expectation.
6.7 On October 15, 2007 the P/E ratio is 25.77; we will therefore sell the stocks.
6.8 Let us see the value of stock as on October 15, 2007
6.8.1 The CNX NIFTY as on September 21, 2001 is 854 as shown in their historical
data.
Historical Data for CNX NIFTY
For the period 21-09-2001 to 27-09-2001
Date Open High Low Close
Shares
Traded
Turnover
( Cr)
21-Sep-
2001
903.75 903.75 849.95 854.20 47900433 967.98
24-Sep-
2001
853.00 878.60 853.00 869.05 48761034 1030.18
Date P/E
21-Sep-01 12.3
Date P/E
15-Oct-07 25.77
9 MAHENDER MEHTA
6.8.2 The CNX NIFTY as on October 15, 2007 is 5670 as shown in their historical
data.
Historical Data for CNX NIFTY
For the period 15-10-2007 to 30-10-2007
Date Open High Low Close
Shares
Traded
Turnover
( Cr)
15-Oct-2007 5428.35 5682.65 5419.90 5670.40
16098728
8
10253.40
16-Oct-2007 5670.65 5708.35 5578.45 5668.05
17433918
9
11698.74
6.8.3 This means that the value of our investment has gone up by 5670.40 / 854.20
= 6.63 times. Therefore the value of our money after selling the stock will be Rs.1.99
x 6.63 = Rs.13.19 lakhs.
Our money has multiplied by 13 times in less than eight years.
6.9 After selling the stock we will keep Rs.13.19 lakhs in bank as fixed deposit (FD)
for one year and earn the interest @ 7% for one year and observe P/E ratio.
6.10 After one year the money will become Rs.13.19 x 1.07 = Rs.14.11 lakhs.
6.11 While observing P/E ratio we find value of 10.99 on October 24, 2008
6.12 At this P/E ratio, we will buy stock worth Rs.14.11 lakhs and be a silent
observer of P/E ratio.
6.13 On October 1, 2010; the P/E ratio is 25.54 and we will sell the stock.
Date P/E
24-Oct-08 10.99
Date P/E
01-Oct-10 25.54
10 MAHENDER MEHTA
6.14 Let us find out the value of stock after selling on October 1, 2010.
6.14.1 The CNX NIFTY as on October 24, 2008 is 2584 as shown in their historical
data.
Historical Data for CNX NIFTY
For the period 24-10-2008 to 28-10-2008
Date Open High Low Close
Shares
Traded
Turnover
( Cr)
24-Oct-2008 2936.25 2936.25 2525.05 2584.00 348595400 7843.42
27-Oct-2008 2583.75 2585.30 2252.75 2524.20 341552313 7012.78
6.14.2 The CNX NIFTY as on October 1, 2010 is 6143 as shown in their historical
data.
Historical Data for CNX NIFTY
For the period 01-10-2010 to 04-10-2010
Date Open High Low Close
Shares
Traded
Turnover
( Cr)
01-Oct-2010 6030.30 6153.10 6030.30 6143.40 179173861 8626.97
04-Oct-2010 6144.70 6222.10 6144.70 6159.45 184600423 7416.30
6.14.3 This means that the value of our investment has gone up by 6143.40 /
2584.00 = 2.37 times. Therefore the value of our money after selling the stock will be
Rs 13.19 x 2.37 = Rs. 31.26 lakhs.
6.15 Our money of 1 lakh has multiplied by more than 30 times in ten years
without any analysis / paralysis.
Money multiplier factor is more than 30 in ten years by observing P/E ratio and
CNX NIFTY.
11 MAHENDER MEHTA
7.0 Now we will find out the money multiplier factor by observing the P/E ratio and
Junior Nifty indices.
7.1 The movement of P/E ratio, Price / Book value (P/B) and Dividend yield and
indices with respect to Junior Nifty are given below
7.2 Based on the above observations, we will find entry points and exit points in
JUNIOR NIFTY from January 1, 1999 for 10 years, on the basis of PE ratio and
calculate the amount accumulated and see the money multiplier effect, if we would
have started investing with INR 1,00,000 (one lakhs).
7.3 On January 1, 1999, the P/E ratio was 11.62, therefore we will buy stock worth
one lakh (Rs.100,000).
As per details given in investopedia (www.investopedia.com) the next rung of liquid
securities after CNX Nifty is the CNX Nifty Junior. It may be useful to think of the
CNX Nifty and the CNX Nifty Junior as making up the 100 most liquid stocks in India.
As with the CNX Nifty, stocks in the CNX Nifty Junior are filtered for liquidity, so they
are the most liquid of the stocks excluded from the CNX Nifty. The maintenance of
the CNX Nifty and the CNX Nifty Junior are synchronized so that the two indices will
0
5
10
15
20
25
30
35
40
45
50
P/E
P/B
Div Yield
Date P/E
01-Jan-99 11.62
12 MAHENDER MEHTA
always be disjoint sets; i.e. a stock will never appear in both indices at the same
time. Hence it is always meaningful to pool the CNX Nifty and the CNX Nifty Junior
into a composite 100 stock indexes or portfolio.
We will buy ETF (Exchange Traded Fund). As per details given on Investopedia
(http://www.investopedia.com/), by owning an ETF, you get the diversification of an
index fund as well as the ability to sell short, buy on margin and purchase as little as
one share.
7.4 On January 3, 2000, the P/E ratio is 25.91, we will sell the stock.
7.5 We will find out the value of stock after selling on January 3, 2000 by observing
indices of CNX Nifty Junior.
7.5.1 The CNX NIFTY JUNIOR as on January 1, 1999 is 1530.10 as shown in their
historical data shown below. We always take the closing value.
Historical Data for CNX NIFTY JUNIOR
For the period 01-01-1999 to 05-01-1999
Date Open High Low Close
Shares
Traded
Turnover
( Cr)
01-Jan-1999 1523.65 1531.25 1517.30 1530.10 10498811 639.44
04-Jan-1999 1543.50 1563.70 1543.10 1552.50 12881260 740.39
7.5.2 The value of CNX NIFTY JUNIOR as on January 3, 2000 is 4288.60 as shown
in their historical data shown below.
Historical Data for CNX NIFTY JUNIOR
For the period 03-01-2000 to 05-01-2000
Date Open High Low Close
Shares
Traded
Turnover
( Cr)
03-Jan-2000 3998.25 4291.15 3998.25 4288.60 7002292 440.64
04-Jan-2000 4298.75 4515.15 4298.75 4488.20 14954843 1360.84
Date P/E
03-Jan-00 25.91
13 MAHENDER MEHTA
7.5.3 This means that the value of our initial investment has gone up by 4288.60 /
1530.10 = 2.80 times. Therefore the value of our money after selling the stock will be
Rs.100,000 x 2,8 = Rs.280,000 = Rs.2.80 lakhs.
7.6 After selling the stocks on January 3, 2000; we will keep the money in bank as
Fixed Deposit (FD) for eighteen months and earn interest on it.
7.6.1 The value of our money after 18 months will be = Rs.2.8 x 1.07 x 1.04 (this is
including interest of 7% for first year and interest of 4% for another six months). The
value will be Rs.3.11lakhs.
7.7 Again while observing the data, we find that P/E ratio as on September 21, 2001,
was 12.3, we will therefore buy stock worth Rs.3.11 lakhs.
After buying the stock we will wait and silently observe the P/E ratio with least
expectation.
7.8 On October 15, 2007 the P/E ratio is 25.77; we will therefore sell the stocks.
7.9 Let us see the value of stock as on October 15, 2007.
7.9.1 The CNX NIFTY JUNIOR as on September 21, 2001 is 1054.80 as shown in
their historical data.
Historical Data for CNX NIFTY JUNIOR
For the period 21-09-2001 to 24-09-2001
Date Open High Low Close
Shares
Traded
Turnover
( Cr)
21-Sep-
2001
1076.40 1076.40 1046.45 1054.80 7132583 41.27
24-Sep-
2001
1055.15 1076.00 1053.90 1068.05 8118683 47.49
Date P/E
21-Sep-01 12.3
Date P/E
15-Oct-07 25.77
14 MAHENDER MEHTA
7.9.2 The CNX NIFTY JUNIOR as on October 15, 2007 is 10250.90 as shown in
their historical data.
Historical Data for CNX NIFTY JUNIOR
For the period 15-10-2007 to 16-10-2007
Date Open High Low Close
Shares
Traded
Turnover
( Cr)
15-Oct-2007 10027.9 10280.6 10027.9 10250.90
11120069
9
2085.22
16-Oct-2007 10236.6 10348.7 10135.6 10293.05
17859799
7
2923.48
7.10 This means that the value of our investment has gone up by 10250.90 /
1054.80 = 9.72 times. Therefore the value of our money after selling the stock will be
Rs.3.11 x 9.72 = Rs.30.22 lakhs.
Our money has multiplied by 30 times in less than eight years.
7.11 After selling the stock we will keep Rs.30.22 lakhs in bank as fixed deposit (FD)
for one year and earn the interest @ 7% for one year and observe P/E ratio.
7.12 After one year the money will become Rs.30.22 x 1.07 = Rs.32.33 lakhs.
7.13 While observing P/E ratio we find value of 10.99 on October 24, 2008
7.14 At this P/E ratio, we will buy stock worth Rs.32.33 lakhs and be a silent
observer of P/E ratio.
7.15 On October 1, 2010; the P/E ratio is 25.54 and we will sell the stock.
Date P/E
24-Oct-08 10.99
Date P/E
01-Oct-10 25.54
15 MAHENDER MEHTA
7.16 Let us find out the value of stock after selling on October 1, 2010.
7.16.1 The CNX NIFTY JUNIOR as on October 24, 2008 is 4104.45 as shown in
their historical data.
Historical Data for CNX NIFTY JUNIOR
For the period 24-10-2008 to 27-10-2008
Date Open High Low Close
Shares
Traded
Turnover
( Cr)
24-Oct-2008 4505.50 4507.45 4064.80 4104.45 134941954 1833.49
27-Oct-2008 4060.65 4087.65 3603.20 3878.40 120976010 1306.51
7.16.2 The CNX NIFTY JUNIOR as on October 1, 2010 is 12846.35 as shown in
their historical data.
Historical Data for CNX NIFTY JUNIOR
For the period 01-10-2010 to 04-10-2010
Date Open High Low Close
Shares
Traded
Turnover
( Cr)
01-Oct-2010 12604.9 12857.5
12604.9
0
12846.35
13378399
0
2377.34
04-Oct-2010 12874.2 13022.0
12874.2
5
12997.00
12480281
1
2504.59
7.17 This means that the value of our investment has gone up by 12846.35 /
4104.45 = 3.13 times as on October 1, 2010. Therefore the value of our money after
selling the stock will be Rs.32.33 x 3.13 = Rs.101.19 lakhs.
7.18 Our money of 1 lakh has multiplied by more than 100 times in ten years
without any analysis / paralysis.
Money multiplier factor is more than 100 in ten years by observing P/E ratio
and CNX NIFTY JUNIOR.
16 MAHENDER MEHTA
CONCLUSIONS
1. By observing P / E ratio we are able to clearly see the entry point (when to
buy stock) and exit point (when to sell stock).
2. With this process of entry and exit we are also able to see the multiplier effect
if we buy and sell ETF of CNX NIFTY
3. Thru CNX NIFTY money multiplier is more than 30 times as shown in the
graph below.
4. Thru CNX NIFTY JUNIOR money multiplier is more than 100 times as shown
in the graph below.
0
5
10
15
20
25
30
35
Money Multiplier with CNX NIFTY
0
20
40
60
80
100
120
Money Multiplier with
CNX NIFTY JUNIOR
17 MAHENDER MEHTA
APPENDIX
SAMPLE DATA FOR FIRST YEAR - 1999 - Part 1
Date P/E Date P/E Date P/E Date P/E
01-Jan-99 11.62 22-Feb-99 12.66 12-Apr-99 15.31 31-May-99 18.01
04-Jan-99 11.72 23-Feb-99 12.61 13-Apr-99 15.25 01-Jun-99 18.25
05-Jan-99 11.84 24-Feb-99 12.72 15-Apr-99 14.87 02-Jun-99 18.27
06-Jan-99 12.11 25-Feb-99 12.68 16-Apr-99 16.04 03-Jun-99 18.75
07-Jan-99 12.46 26-Feb-99 12.51 17-Apr-99 14.85 04-Jun-99 17.45
08-Jan-99 12.92 27-Feb-99 13.04 19-Apr-99 15.26 07-Jun-99 17.48
11-Jan-99 12.86 01-Mar-99 13.5 20-Apr-99 15.29 08-Jun-99 17.82
12-Jan-99 12.59 03-Mar-99 13.98 21-Apr-99 15.31 09-Jun-99 17.58
13-Jan-99 12.54 04-Mar-99 13.83 22-Apr-99 15.08 10-Jun-99 17.57
14-Jan-99 12.46 05-Mar-99 14.01 23-Apr-99 15.08 11-Jun-99 17.25
15-Jan-99 12.19 08-Mar-99 14.25 26-Apr-99 14.3 14-Jun-99 17.03
18-Jan-99 12.33 09-Mar-99 14.33 28-Apr-99 14.49 15-Jun-99 16.93
19-Jan-99 12.06 10-Mar-99 14.35 29-Apr-99 14.84 16-Jun-99 17.35
21-Jan-99 12.84 11-Mar-99 14.09 30-Apr-99 15.02 17-Jun-99 17.78
22-Jan-99 12.71 12-Mar-99 14.26 03-May-99 14.95 18-Jun-99 17.76
25-Jan-99 12.61 15-Mar-99 14.28 04-May-99 15.53 21-Jun-99 18.17
27-Jan-99 12.9 16-Mar-99 14 05-May-99 15.73 22-Jun-99 18.35
28-Jan-99 12.68 17-Mar-99 14.1 06-May-99 16.15 23-Jun-99 18.03
29-Jan-99 12.83 18-Mar-99 14.29 07-May-99 16.4 24-Jun-99 17.85
01-Feb-99 12.48 19-Mar-99 14.13 10-May-99 16.88 25-Jun-99 17.79
02-Feb-99 12.36 20-Mar-99 14.1 11-May-99 17.21 28-Jun-99 18.02
03-Feb-99 12.64 22-Mar-99 14.13 12-May-99 17.14 29-Jun-99 18
04-Feb-99 12.48 23-Mar-99 14.27 13-May-99 17.71 30-Jun-99 17.91
05-Feb-99 12.43 24-Mar-99 14.13 14-May-99 17.98 01-Jul-99 17.84
08-Feb-99 12.17 25-Mar-99 14.03 17-May-99 17.77 02-Jul-99 18.06
09-Feb-99 12.28 26-Mar-99 13.85 18-May-99 17.9 05-Jul-99 18.55
10-Feb-99 12.74 30-Mar-99 14.02 19-May-99 18.22 06-Jul-99 18.72
11-Feb-99 12.75 31-Mar-99 16.53 20-May-99 18.01 07-Jul-99 18.75
12-Feb-99 12.88 01-Apr-99 16.31 21-May-99 17.69 08-Jul-99 18.76
15-Feb-99 12.67 05-Apr-99 15.51 24-May-99 18.08 09-Jul-99 18.91
16-Feb-99 12.73 06-Apr-99 15.71 25-May-99 18.16 12-Jul-99 19.83
17-Feb-99 12.87 07-Apr-99 15.81 26-May-99 18.28 13-Jul-99 19.92
18-Feb-99 12.92 08-Apr-99 15.65 27-May-99 17.32 14-Jul-99 20.18
19-Feb-99 12.96 09-Apr-99 15.24 28-May-99 17.2 15-Jul-99 19.92
18 MAHENDER MEHTA
SAMPLE DATA FOR FIRST YEAR – 1999 - Part 2
Date P/E Date P/E Date P/E Date P/E
16-Jul-99 20.02 02-Sep-99 20.85 22-Oct-99 22.27 09-Dec-99 23.56
19-Jul-99 20.4 03-Sep-99 20.84 23-Oct-99 22.57 10-Dec-99 23.43
20-Jul-99 19.87 06-Sep-99 21.07 25-Oct-99 22.21 13-Dec-99 23.23
21-Jul-99 20.26 07-Sep-99 20.96 26-Oct-99 22.02 14-Dec-99 22.75
22-Jul-99 20.39 08-Sep-99 21.73 27-Oct-99 21.99 15-Dec-99 22.8
23-Jul-99 20.46 09-Sep-99 21.69 28-Oct-99 21.31 16-Dec-99 23.1
26-Jul-99 20.18 10-Sep-99 21.6 29-Oct-99 20.65 17-Dec-99 23.1
27-Jul-99 19.94 14-Sep-99 21.28 01-Nov-99 19.78 20-Dec-99 23.15
28-Jul-99 20.09 15-Sep-99 21.34 02-Nov-99 20.75 21-Dec-99 23.13
29-Jul-99 20.18 16-Sep-99 20.98 03-Nov-99 20.66 22-Dec-99 24.11
30-Jul-99 19.94 17-Sep-99 21.11 04-Nov-99 20.83 23-Dec-99 24.22
02-Aug-99 19.63 20-Sep-99 21.06 05-Nov-99 21.26 24-Dec-99 23.74
03-Aug-99 19.53 21-Sep-99 20.95 07-Nov-99 21.34 27-Dec-99 23.3
04-Aug-99 20.18 22-Sep-99 21.51 09-Nov-99 21.36 28-Dec-99 23.47
05-Aug-99 20.13 23-Sep-99 21.68 10-Nov-99 21.64 29-Dec-99 24.02
06-Aug-99 20.03 24-Sep-99 21.91 11-Nov-99 21.65 30-Dec-99 24.09
09-Aug-99 20.2 27-Sep-99 21.55 12-Nov-99 21.41
10-Aug-99 19.83 28-Sep-99 21.39 15-Nov-99 21.24
11-Aug-99 19.92 29-Sep-99 21.99 16-Nov-99 21.16
12-Aug-99 19.83 30-Sep-99 21.96 17-Nov-99 21.1
13-Aug-99 19.56 01-Oct-99 21.81 18-Nov-99 21.28
16-Aug-99 19.83 04-Oct-99 21.33 19-Nov-99 21.25
17-Aug-99 20.03 05-Oct-99 21.42 22-Nov-99 21.46
18-Aug-99 20.64 06-Oct-99 21.73 24-Nov-99 21.76
19-Aug-99 20.37 07-Oct-99 22.94 25-Nov-99 21.98
20-Aug-99 20.4 08-Oct-99 23.08 26-Nov-99 21.84
23-Aug-99 20.74 11-Oct-99 23.16 29-Nov-99 21.6
24-Aug-99 20.94 12-Oct-99 23.16 30-Nov-99 21.47
25-Aug-99 20.79 13-Oct-99 23.35 01-Dec-99 21.69
26-Aug-99 21.25 14-Oct-99 23.49 02-Dec-99 22.01
27-Aug-99 21.48 15-Oct-99 22.65 03-Dec-99 22.15
30-Aug-99 21.56 18-Oct-99 22.48 06-Dec-99 22.54
31-Aug-99 21.4 20-Oct-99 23.01 07-Dec-99 22.58
01-Sep-99 21.38 21-Oct-99 22.63 08-Dec-99 23.41
19 MAHENDER MEHTA
SAMPLE DATA FOR SECOND YEAR - 2000 - PART 1
Date P/E Date P/E Date P/E Date P/E
03-Jan-00 25.91 11-Feb-00 28.47 24-Mar-00 25.09 08-May-00 20.47
04-Jan-00 26.67 14-Feb-00 28.29 27-Mar-00 24.99 09-May-00 20.68
05-Jan-00 25.97 15-Feb-00 27.19 28-Mar-00 25.08 10-May-00 20.57
06-Jan-00 26.32 16-Feb-00 27.32 29-Mar-00 25.08 11-May-00 19.68
07-Jan-00 26.25 17-Feb-00 27.82 30-Mar-00 24.94 12-May-00 19.36
10-Jan-00 26.57 18-Feb-00 27.43 31-Mar-00 24.6 15-May-00 19.54
11-Jan-00 25.59 21-Feb-00 28 03-Apr-00 24.7 16-May-00 19.66
12-Jan-00 26.44 22-Feb-00 27.77 04-Apr-00 22.99 17-May-00 19.88
13-Jan-00 26.38 23-Feb-00 27.09 05-Apr-00 23.09 18-May-00 19.44
14-Jan-00 26.41 24-Feb-00 27.66 06-Apr-00 23.39 19-May-00 19.05
17-Jan-00 26.22 25-Feb-00 27.29 07-Apr-00 25.06 22-May-00 18.53
18-Jan-00 26.15 28-Feb-00 27.49 10-Apr-00 25.96 23-May-00 18.4
19-Jan-00 26.6 29-Feb-00 26.36 11-Apr-00 25.72 24-May-00 20.69
20-Jan-00 26.05 01-Mar-00 27.35 12-Apr-00 25.21 25-May-00 20.89
21-Jan-00 26.37 02-Mar-00 27.09 13-Apr-00 23.98 26-May-00 21.35
24-Jan-00 26.26 03-Mar-00 26.47 17-Apr-00 21.74 29-May-00 21.95
25-Jan-00 25.81 06-Mar-00 26.99 18-Apr-00 21.31 30-May-00 22.34
27-Jan-00 26.1 07-Mar-00 27.22 19-Apr-00 21.07 31-May-00 22.96
28-Jan-00 26.02 08-Mar-00 26.64 20-Apr-00 21.23 01-Jun-00 22.46
31-Jan-00 25.16 09-Mar-00 26.32 24-Apr-00 20.82 02-Jun-00 23.13
01-Feb-00 25.13 10-Mar-00 25.62 25-Apr-00 20.39 05-Jun-00 23.38
02-Feb-00 25.75 13-Mar-00 24.95 26-Apr-00 21.54 06-Jun-00 23.67
03-Feb-00 25.91 14-Mar-00 25.05 27-Apr-00 21.25 07-Jun-00 23.7
04-Feb-00 25.94 15-Mar-00 25.9 28-Apr-00 21.1 08-Jun-00 24.25
07-Feb-00 26.54 16-Mar-00 24.97 02-May-00 20 09-Jun-00 24.31
08-Feb-00 26.96 21-Mar-00 24.89 03-May-00 19.74 12-Jun-00 23.87
09-Feb-00 27.4 22-Mar-00 25.41 04-May-00 20.71 13-Jun-00 23.74
10-Feb-00 27.75 23-Mar-00 24.83 05-May-00 21.33 14-Jun-00 23.79
20 MAHENDER MEHTA
SAMPLE DATA FOR SECOND YEAR – 2000 - PART 2
Date P/E Date P/E Date P/E Date P/E Date P/E
15-Jun-00 23.95 25-Jul-00 20.96 05-Sep-00 21.7 16-Oct-00 17.78 23-Nov-00 18.4
16-Jun-00 24.48 26-Jul-00 20.48 06-Sep-00 21.81 17-Oct-00 17.51 24-Nov-00 18.54
19-Jun-00 24.84 27-Jul-00 20.79 07-Sep-00 21.88 18-Oct-00 17.18 27-Nov-00 18.96
20-Jun-00 24.98 28-Jul-00 20.72 08-Sep-00 22.03 19-Oct-00 17.64 28-Nov-00 19.26
21-Jun-00 24.45 31-Jul-00 20.71 11-Sep-00 22.13 20-Oct-00 17.72 29-Nov-00 19.17
22-Jun-00 24.67 01-Aug-00 20.58 12-Sep-00 22.3 23-Oct-00 17.3 30-Nov-00 19.22
23-Jun-00 22.95 02-Aug-00 20.66 13-Sep-00 22.13 24-Oct-00 17.43 01-Dec-00 19.34
26-Jun-00 22.63 03-Aug-00 20.49 14-Sep-00 21.96 25-Oct-00 17.9 04-Dec-00 19.34
27-Jun-00 22.67 04-Aug-00 20.45 15-Sep-00 21.53 26-Oct-00 17.94 05-Dec-00 19.47
28-Jun-00 22.91 07-Aug-00 20.33 18-Sep-00 20.58 27-Oct-00 17.83 06-Dec-00 19.68
29-Jun-00 23.26 08-Aug-00 20.87 19-Sep-00 20.01 30-Oct-00 17.65 07-Dec-00 19.74
30-Jun-00 22.94 09-Aug-00 20.86 20-Sep-00 20.4 31-Oct-00 17.74 08-Dec-00 19.91
03-Jul-00 23.31 10-Aug-00 20.09 21-Sep-00 20.21 01-Nov-00 18.16 11-Dec-00 20.19
04-Jul-00 23.56 11-Aug-00 19.74 22-Sep-00 19.24 02-Nov-00 18.52 12-Dec-00 20.21
05-Jul-00 23.5 14-Aug-00 19.85 25-Sep-00 19.64 03-Nov-00 18.78 13-Dec-00 20.54
06-Jul-00 23.35 16-Aug-00 20.35 26-Sep-00 19.26 06-Nov-00 18.76 14-Dec-00 20.47
07-Jul-00 23.37 17-Aug-00 20.2 27-Sep-00 19.64 07-Nov-00 18.85 15-Dec-00 19.91
10-Jul-00 23.24 18-Aug-00 20.45 28-Sep-00 19.24 08-Nov-00 19.17 18-Dec-00 19.98
11-Jul-00 23.38 21-Aug-00 20.62 29-Sep-00 19.32 09-Nov-00 19.21 19-Dec-00 19.88
12-Jul-00 23.61 22-Aug-00 20.78 03-Oct-00 19.48 10-Nov-00 18.75 20-Dec-00 19.68
13-Jul-00 23.44 23-Aug-00 20.87 04-Oct-00 19.72 13-Nov-00 18.28 21-Dec-00 19.41
14-Jul-00 23.25 24-Aug-00 20.89 05-Oct-00 19.52 14-Nov-00 18.8 22-Dec-00 18.87
17-Jul-00 22.78 25-Aug-00 20.8 06-Oct-00 19.52 15-Nov-00 18.87 26-Dec-00 18.42
18-Jul-00 22.53 28-Aug-00 20.63 09-Oct-00 19.26 16-Nov-00 18.66 27-Dec-00 18.67
19-Jul-00 22.11 29-Aug-00 20.58 10-Oct-00 18.83 17-Nov-00 18.7 28-Dec-00 18.98
20-Jul-00 21.93 30-Aug-00 20.7 11-Oct-00 18.26 20-Nov-00 18.72 29-Dec-00 19.2
21-Jul-00 21.51 31-Aug-00 20.97 12-Oct-00 18.33 21-Nov-00 18.68
24-Jul-00 20.47 04-Sep-00 21.69 13-Oct-00 18.01 22-Nov-00 18.49
21 MAHENDER MEHTA
SAMPLE DATA FOR THIRD YEAR – 2001 - Part 1
Date P/E Date P/E Date P/E Date P/E
01-Jan-01 19.06 14-Feb-01 20.89 30-Mar-01 17.21 17-May-01 15.95
02-Jan-01 19.33 15-Feb-01 21.24 02-Apr-01 17.05 18-May-01 15.92
03-Jan-01 19.62 16-Feb-01 20.71 03-Apr-01 17.22 21-May-01 15.98
04-Jan-01 19.87 19-Feb-01 20.76 04-Apr-01 17.07 22-May-01 15.96
05-Jan-01 20.17 20-Feb-01 20.73 06-Apr-01 17.11 23-May-01 16.11
08-Jan-01 19.9 21-Feb-01 20.52 09-Apr-01 16.94 24-May-01 16.13
09-Jan-01 19.93 22-Feb-01 20.3 10-Apr-01 15.94 25-May-01 16.15
10-Jan-01 19.56 23-Feb-01 19.78 11-Apr-01 15.41 28-May-01 16.4
11-Jan-01 19.46 26-Feb-01 19.66 12-Apr-01 14.73 29-May-01 16.47
12-Jan-01 19.55 27-Feb-01 19.41 16-Apr-01 15.02 30-May-01 15.98
15-Jan-01 20.85 28-Feb-01 20.24 17-Apr-01 15.34 31-May-01 15.8
16-Jan-01 20.95 01-Mar-01 20.34 18-Apr-01 15.86 01-Jun-01 15.47
17-Jan-01 21.03 02-Mar-01 19.57 19-Apr-01 16.45 04-Jun-01 15.25
18-Jan-01 21.16 05-Mar-01 19.04 20-Apr-01 16.45 05-Jun-01 15.08
19-Jan-01 21.53 07-Mar-01 19.35 23-Apr-01 16.53 06-Jun-01 15.12
22-Jan-01 21.84 08-Mar-01 19.38 24-Apr-01 16.48 07-Jun-01 15.07
23-Jan-01 21.96 09-Mar-01 18.81 25-Apr-01 16.61 08-Jun-01 15.26
24-Jan-01 22.13 12-Mar-01 17.96 26-Apr-01 16.38 11-Jun-01 15.32
25-Jan-01 22.2 13-Mar-01 16.86 27-Apr-01 14.44 12-Jun-01 15.27
29-Jan-01 21.74 14-Mar-01 17.9 30-Apr-01 14.57 13-Jun-01 15.3
30-Jan-01 22.35 15-Mar-01 18.25 02-May-01 14.63 14-Jun-01 15.54
31-Jan-01 22.22 16-Mar-01 17.89 03-May-01 15.01 15-Jun-01 15.19
01-Feb-01 22.02 19-Mar-01 17.79 04-May-01 15.4 18-Jun-01 15.07
02-Feb-01 22.34 20-Mar-01 17.55 07-May-01 15.46 19-Jun-01 15.35
05-Feb-01 22.4 21-Mar-01 18.1 08-May-01 15.6 20-Jun-01 15.62
06-Feb-01 22.47 22-Mar-01 17.8 09-May-01 15.6 21-Jun-01 15.59
07-Feb-01 22.22 23-Mar-01 17.41 10-May-01 15.55 22-Jun-01 15.48
08-Feb-01 22.62 26-Mar-01 17.41 11-May-01 15.49 25-Jun-01 15.19
09-Feb-01 22.78 27-Mar-01 17.65 14-May-01 15.49 26-Jun-01 15.61
12-Feb-01 22.73 28-Mar-01 18.07 15-May-01 15.55 27-Jun-01 15.59
13-Feb-01 22.55 29-Mar-01 17.91 16-May-01 15.63 28-Jun-01 15.56
22 MAHENDER MEHTA
SAMPLE DATA FOR THIRD YEAR – 2001 - Part 2
Date P/E Date P/E Date P/E Date P/E
29-Jun-01 15.76 13-Aug-01 15.19 27-Sep-01 12.81 13-Nov-01 14.57
02-Jul-01 15.65 14-Aug-01 15.37 28-Sep-01 13.16 14-Nov-01 14.72
03-Jul-01 15.21 16-Aug-01 15.42 01-Oct-01 13.1 15-Nov-01 15.01
04-Jul-01 15.19 17-Aug-01 15.28 03-Oct-01 12.95 19-Nov-01 15.48
05-Jul-01 15.21 20-Aug-01 15.21 04-Oct-01 13.13 20-Nov-01 15.22
06-Jul-01 15.15 21-Aug-01 15.28 05-Oct-01 13.17 21-Nov-01 15.31
09-Jul-01 15.07 23-Aug-01 15.32 08-Oct-01 12.98 22-Nov-01 15.4
10-Jul-01 15.25 24-Aug-01 15.28 09-Oct-01 13.14 23-Nov-01 15.35
11-Jul-01 15.41 27-Aug-01 15.37 10-Oct-01 13.54 26-Nov-01 15.66
12-Jul-01 15.72 28-Aug-01 15.35 11-Oct-01 13.75 27-Nov-01 15.59
13-Jul-01 15.79 29-Aug-01 15.3 12-Oct-01 13.83 28-Nov-01 15.52
16-Jul-01 15.72 30-Aug-01 15.25 15-Oct-01 13.87 29-Nov-01 15.46
17-Jul-01 15.69 31-Aug-01 15.1 16-Oct-01 13.98 03-Dec-01 15.44
18-Jul-01 15.53 03-Sep-01 15.02 17-Oct-01 14.2 04-Dec-01 15.62
19-Jul-01 15.44 04-Sep-01 15.02 18-Oct-01 13.99 05-Dec-01 16.01
20-Jul-01 15.33 05-Sep-01 14.98 19-Oct-01 14.16 06-Dec-01 16.09
23-Jul-01 15.23 06-Sep-01 14.85 22-Oct-01 14.15 07-Dec-01 16.12
24-Jul-01 15.25 07-Sep-01 14.84 23-Oct-01 14.4 10-Dec-01 16.16
25-Jul-01 15.13 10-Sep-01 14.81 24-Oct-01 14.38 11-Dec-01 16.09
26-Jul-01 14.93 11-Sep-01 14.67 25-Oct-01 14.26 12-Dec-01 16.05
27-Jul-01 14.9 12-Sep-01 14.14 29-Oct-01 14.18 13-Dec-01 15.92
30-Jul-01 15.04 13-Sep-01 13.99 30-Oct-01 13.99 14-Dec-01 15.76
31-Jul-01 15.15 14-Sep-01 13.24 31-Oct-01 13.79 18-Dec-01 15.68
01-Aug-01 15.01 17-Sep-01 12.56 01-Nov-01 14.11 19-Dec-01 15.37
02-Aug-01 15.05 18-Sep-01 12.96 02-Nov-01 14.16 20-Dec-01 15.39
03-Aug-01 15.18 19-Sep-01 13.13 05-Nov-01 14.06 21-Dec-01 15.23
06-Aug-01 15.18 20-Sep-01 12.94 06-Nov-01 14.22 24-Dec-01 15.19
07-Aug-01 15.14 21-Sep-01 12.3 07-Nov-01 14.01 26-Dec-01 14.99
08-Aug-01 15.08 24-Sep-01 12.51 08-Nov-01 14.16 27-Dec-01 14.78
09-Aug-01 15.12 25-Sep-01 12.4 09-Nov-01 14.55 28-Dec-01 14.98
10-Aug-01 15.31 26-Sep-01 12.58 12-Nov-01 14.65 31-Dec-01 15.35
23 MAHENDER MEHTA
SAMPLE DATA FOR FOURTH YEAR – 2002 - Part 1
Date P/E Date P/E Date P/E Date P/E
01-Jan-02 15.29 13-Feb-02 18.28 01-Apr-02 18.25 15-May-02 17.87
02-Jan-02 15.37 14-Feb-02 18.52 02-Apr-02 18.22 16-May-02 17.63
03-Jan-02 15.54 15-Feb-02 18.68 03-Apr-02 18 17-May-02 17.49
04-Jan-02 15.89 18-Feb-02 18.88 04-Apr-02 18.36 20-May-02 17.23
07-Jan-02 15.94 19-Feb-02 18.66 05-Apr-02 18.3 21-May-02 16.82
08-Jan-02 16.09 20-Feb-02 18.44 08-Apr-02 17.91 22-May-02 16.6
09-Jan-02 15.98 21-Feb-02 18.5 09-Apr-02 17.78 23-May-02 16.31
10-Jan-02 15.91 22-Feb-02 18.72 10-Apr-02 18.01 24-May-02 16.95
11-Jan-02 15.78 25-Feb-02 18.76 11-Apr-02 18.09 27-May-02 16.88
14-Jan-02 16.08 26-Feb-02 19.14 12-Apr-02 18.14 28-May-02 16.49
15-Jan-02 15.61 27-Feb-02 19.14 15-Apr-02 17.94 29-May-02 16.54
16-Jan-02 15.56 28-Feb-02 18.38 16-Apr-02 17.7 30-May-02 16.72
17-Jan-02 17.57 01-Mar-02 18.96 17-Apr-02 17.8 31-May-02 16.19
18-Jan-02 17.32 04-Mar-02 18.97 18-Apr-02 18.49 03-Jun-02 16.39
21-Jan-02 17.29 05-Mar-02 18.99 19-Apr-02 18.02 04-Jun-02 16.48
22-Jan-02 17.31 06-Mar-02 18.79 22-Apr-02 18.02 05-Jun-02 16.78
23-Jan-02 17.26 07-Mar-02 19.11 23-Apr-02 18.05 06-Jun-02 16.42
24-Jan-02 17.19 08-Mar-02 19.03 24-Apr-02 18.16 07-Jun-02 16.18
25-Jan-02 17.06 11-Mar-02 18.71 25-Apr-02 17.85 10-Jun-02 16.51
28-Jan-02 16.93 12-Mar-02 18.43 26-Apr-02 17.9 11-Jun-02 16.93
29-Jan-02 16.93 13-Mar-02 18.54 29-Apr-02 17.69 12-Jun-02 16.87
30-Jan-02 16.87 14-Mar-02 18.58 30-Apr-02 17.86 13-Jun-02 16.72
31-Jan-02 16.99 15-Mar-02 18.74 02-May-02 18.08 14-Jun-02 16.74
01-Feb-02 17.42 18-Mar-02 18.73 03-May-02 18.04 17-Jun-02 16.8
04-Feb-02 17.34 19-Mar-02 18.46 06-May-02 18.1 18-Jun-02 16.58
05-Feb-02 17.3 20-Mar-02 18.51 07-May-02 18.26 19-Jun-02 16.4
06-Feb-02 17.92 21-Mar-02 18.33 08-May-02 18.38 20-Jun-02 15.86
07-Feb-02 17.88 22-Mar-02 18.24 09-May-02 18.54 21-Jun-02 15.75
08-Feb-02 18.09 26-Mar-02 17.99 10-May-02 18.36 24-Jun-02 15.74
11-Feb-02 18.22 27-Mar-02 18 13-May-02 18.16 25-Jun-02 15.64
12-Feb-02 18.19 28-Mar-02 18.1 14-May-02 17.99 26-Jun-02 15.48
24 MAHENDER MEHTA
SAMPLE DATA FOR FOURTH YEAR - Part 2
Date P/E Date P/E Date P/E Date P/E
27-Jun-02 15.56 09-Aug-02 14.31 25-Sep-02 14.43 12-Nov-02 14.6
28-Jun-02 15.73 12-Aug-02 14.43 26-Sep-02 14.43 13-Nov-02 14.64
01-Jul-02 15.9 13-Aug-02 14.52 27-Sep-02 14.53 14-Nov-02 14.78
02-Jul-02 15.88 14-Aug-02 14.43 30-Sep-02 14.33 15-Nov-02 15.06
03-Jul-02 15.91 16-Aug-02 14.57 01-Oct-02 14.21 18-Nov-02 15.16
04-Jul-02 15.92 19-Aug-02 14.58 03-Oct-02 14.11 20-Nov-02 15.23
05-Jul-02 15.97 20-Aug-02 14.71 04-Oct-02 14.11 21-Nov-02 15.34
08-Jul-02 16.09 21-Aug-02 14.71 07-Oct-02 14.21 22-Nov-02 13.84
09-Jul-02 16.07 22-Aug-02 14.66 08-Oct-02 14.3 25-Nov-02 13.92
10-Jul-02 15.94 23-Aug-02 14.81 09-Oct-02 14.21 26-Nov-02 14.05
11-Jul-02 15.71 26-Aug-02 14.86 10-Oct-02 14.22 27-Nov-02 13.98
12-Jul-02 15.74 27-Aug-02 14.7 11-Oct-02 14.4 28-Nov-02 14.24
15-Jul-02 15.59 28-Aug-02 14.67 14-Oct-02 14.42 29-Nov-02 14.24
16-Jul-02 15.41 29-Aug-02 14.69 16-Oct-02 14.44 02-Dec-02 14.48
17-Jul-02 15.36 30-Aug-02 15.04 17-Oct-02 14.44 03-Dec-02 14.31
18-Jul-02 15.49 02-Sep-02 15.08 18-Oct-02 14.41 04-Dec-02 14.06
19-Jul-02 15.41 03-Sep-02 14.9 21-Oct-02 14.35 05-Dec-02 14.19
22-Jul-02 15.05 04-Sep-02 14.98 22-Oct-02 14.28 06-Dec-02 14.51
23-Jul-02 15.2 05-Sep-02 15.01 23-Oct-02 14.2 09-Dec-02 14.36
24-Jul-02 14.93 06-Sep-02 14.81 24-Oct-02 14.05 10-Dec-02 14.43
25-Jul-02 14.9 09-Sep-02 14.86 25-Oct-02 13.83 11-Dec-02 14.51
26-Jul-02 14.48 11-Sep-02 14.86 28-Oct-02 14.03 12-Dec-02 14.61
29-Jul-02 14.45 12-Sep-02 14.9 29-Oct-02 14.25 13-Dec-02 14.73
30-Jul-02 14.29 13-Sep-02 14.76 30-Oct-02 14.26 16-Dec-02 14.63
31-Jul-02 14.26 16-Sep-02 14.67 31-Oct-02 14.47 17-Dec-02 14.56
01-Aug-02 14.24 17-Sep-02 14.8 01-Nov-02 14.47 18-Dec-02 14.62
02-Aug-02 14.2 18-Sep-02 14.63 04-Nov-02 14.63 19-Dec-02 14.59
05-Aug-02 14.33 19-Sep-02 14.52 05-Nov-02 14.63 20-Dec-02 14.64
06-Aug-02 14.38 20-Sep-02 14.43 07-Nov-02 14.61 23-Dec-02 14.59
07-Aug-02 14.41 23-Sep-02 14.44 08-Nov-02 14.55 24-Dec-02 14.72
08-Aug-02 14.19 24-Sep-02 14.38 11-Nov-02 14.51 26-Dec-02 14.85
25 MAHENDER MEHTA
SAMPLE DATA FOR FIFTH YEAR – 2003 - Part 1
Date P/E Date P/E Date P/E Date P/E
01-Jan-03 14.92 14-Feb-03 14.05 01-Apr-03 13.44 19-May-03 11.19
02-Jan-03 14.82 17-Feb-03 14.35 02-Apr-03 13.65 20-May-03 11.25
03-Jan-03 14.78 18-Feb-03 14.37 03-Apr-03 13.78 21-May-03 11.21
06-Jan-03 14.71 19-Feb-03 14.43 04-Apr-03 13.89 22-May-03 11.15
07-Jan-03 14.67 20-Feb-03 14.45 07-Apr-03 14.09 23-May-03 11.2
08-Jan-03 14.77 21-Feb-03 14.46 08-Apr-03 13.91 26-May-03 11.37
09-Jan-03 14.88 24-Feb-03 14.51 09-Apr-03 13.73 27-May-03 11.47
10-Jan-03 14.65 25-Feb-03 14.32 10-Apr-03 13.14 28-May-03 11.31
13-Jan-03 14.56 26-Feb-03 14.24 11-Apr-03 12.97 29-May-03 11.61
14-Jan-03 14.63 27-Feb-03 14.28 15-Apr-03 12.99 30-May-03 11.65
15-Jan-03 14.72 28-Feb-03 14.42 16-Apr-03 13.09 02-Jun-03 11.59
16-Jan-03 14.76 03-Mar-03 14.36 17-Apr-03 12.85 03-Jun-03 11.54
17-Jan-03 14.74 04-Mar-03 14.24 21-Apr-03 12.94 04-Jun-03 11.66
20-Jan-03 14.6 05-Mar-03 14.16 22-Apr-03 12.89 05-Jun-03 11.82
21-Jan-03 14.62 06-Mar-03 14.03 23-Apr-03 12.76 06-Jun-03 11.95
22-Jan-03 14.69 07-Mar-03 13.84 24-Apr-03 12.7 09-Jun-03 12.01
23-Jan-03 14.52 10-Mar-03 13.7 25-Apr-03 12.63 10-Jun-03 11.85
24-Jan-03 14.32 11-Mar-03 13.81 28-Apr-03 12.7 11-Jun-03 11.92
27-Jan-03 14.07 12-Mar-03 13.63 29-Apr-03 12.73 12-Jun-03 12
28-Jan-03 14.19 13-Mar-03 13.6 30-Apr-03 13.14 13-Jun-03 12.06
29-Jan-03 14.07 17-Mar-03 13.51 02-May-03 10.86 16-Jun-03 12.01
30-Jan-03 14.03 19-Mar-03 13.71 05-May-03 10.94 17-Jun-03 12.35
31-Jan-03 14.13 20-Mar-03 14 06-May-03 11.02 18-Jun-03 12.41
03-Feb-03 14.31 21-Mar-03 14.08 07-May-03 11 19-Jun-03 12.47
04-Feb-03 14.31 22-Mar-03 14.17 08-May-03 10.9 20-Jun-03 12.56
05-Feb-03 14.21 24-Mar-03 13.85 09-May-03 10.86 23-Jun-03 12.44
06-Feb-03 14.42 25-Mar-03 13.81 12-May-03 10.84 24-Jun-03 12.39
07-Feb-03 14.34 26-Mar-03 13.85 13-May-03 10.93 25-Jun-03 12.64
10-Feb-03 14.22 27-Mar-03 13.69 14-May-03 11.02 26-Jun-03 12.75
11-Feb-03 14.21 28-Mar-03 13.67 15-May-03 11.11 27-Jun-03 12.85
12-Feb-03 14.17 31-Mar-03 13.36 16-May-03 11.26 30-Jun-03 12.95
26 MAHENDER MEHTA
SAMPLE DATA FOR FIFTH YEAR – 2003 - Part 2
Date P/E Date P/E Date P/E Date P/E
01-Jul-03 12.32 13-Aug-03 13.74 26-Sep-03 15.28 10-Nov-03 17.58
02-Jul-03 12.35 14-Aug-03 13.75 29-Sep-03 15.43 11-Nov-03 17.65
03-Jul-03 12.47 18-Aug-03 14.12 30-Sep-03 15.61 12-Nov-03 17.68
04-Jul-03 12.4 19-Aug-03 14.08 01-Oct-03 15.66 13-Nov-03 17.42
07-Jul-03 12.43 20-Aug-03 14.19 03-Oct-03 15.97 14-Nov-03 17.09
08-Jul-03 12.49 21-Aug-03 14.33 06-Oct-03 16.3 15-Nov-03 17.23
09-Jul-03 12.43 22-Aug-03 14.45 07-Oct-03 16.28 17-Nov-03 17.42
10-Jul-03 12.66 25-Aug-03 14.01 08-Oct-03 16.29 18-Nov-03 17.24
11-Jul-03 12.66 26-Aug-03 14.52 09-Oct-03 16.55 19-Nov-03 16.98
14-Jul-03 12.76 27-Aug-03 14.77 10-Oct-03 16.78 20-Nov-03 16.78
15-Jul-03 12.64 28-Aug-03 14.78 13-Oct-03 17.04 21-Nov-03 16.98
16-Jul-03 12.73 29-Aug-03 14.95 14-Oct-03 16.76 24-Nov-03 17.02
17-Jul-03 12.55 01-Sep-03 15.16 15-Oct-03 16.94 25-Nov-03 17.29
18-Jul-03 12.42 02-Sep-03 15.27 16-Oct-03 17.14 27-Nov-03 17.62
21-Jul-03 12.16 03-Sep-03 14.98 17-Oct-03 17.29 28-Nov-03 17.81
22-Jul-03 12 04-Sep-03 15.13 20-Oct-03 17 01-Dec-03 18.27
23-Jul-03 12.1 05-Sep-03 15.41 21-Oct-03 16.6 02-Dec-03 18.29
24-Jul-03 12.32 08-Sep-03 15.62 22-Oct-03 16.46 03-Dec-03 18.42
25-Jul-03 12.58 09-Sep-03 15.5 23-Oct-03 16.21 04-Dec-03 18.47
28-Jul-03 12.65 10-Sep-03 15.53 24-Oct-03 16.6 05-Dec-03 18.15
29-Jul-03 12.71 11-Sep-03 15.46 25-Oct-03 16.78 08-Dec-03 18.15
30-Jul-03 12.81 12-Sep-03 15.12 27-Oct-03 16.37 09-Dec-03 18.48
31-Jul-03 12.84 15-Sep-03 14.65 28-Oct-03 16.33 10-Dec-03 18.6
01-Aug-03 12.95 16-Sep-03 14.96 29-Oct-03 16.52 11-Dec-03 18.69
04-Aug-03 13.26 17-Sep-03 14.78 30-Oct-03 16.72 12-Dec-03 18.73
05-Aug-03 13.05 18-Sep-03 14.35 31-Oct-03 17.15 15-Dec-03 19.01
06-Aug-03 12.9 19-Sep-03 14.57 03-Nov-03 17.65 16-Dec-03 19.15
07-Aug-03 13.19 22-Sep-03 14.36 04-Nov-03 17.84 17-Dec-03 19.11
08-Aug-03 13.47 23-Sep-03 14.64 05-Nov-03 17.74 18-Dec-03 19.37
11-Aug-03 13.58 24-Sep-03 15.12 06-Nov-03 17.77 19-Dec-03 19.61
12-Aug-03 13.61 25-Sep-03 14.95 07-Nov-03 17.55 22-Dec-03 19.73
27 MAHENDER MEHTA
SAMPLE DATA FOR SIXTH YEAR – 2004 - Part 1
Date P/E Date P/E Date P/E Date P/E
01-Jan-04 21.09 17-Feb-04 21.05 01-Apr-04 21.27 18-May-04 13.94
02-Jan-04 21.46 18-Feb-04 21.01 02-Apr-04 21.53 19-May-04 14.41
05-Jan-04 21.56 19-Feb-04 20.38 05-Apr-04 21.71 20-May-04 13.99
06-Jan-04 21.25 20-Feb-04 20.31 06-Apr-04 21.64 21-May-04 14.14
07-Jan-04 21.14 23-Feb-04 19.83 07-Apr-04 21.61 24-May-04 13.9
08-Jan-04 21.71 24-Feb-04 19.97 08-Apr-04 21.67 25-May-04 13.88
09-Jan-04 21.75 25-Feb-04 19.6 12-Apr-04 19.04 26-May-04 13.75
12-Jan-04 21.46 26-Feb-04 19.37 13-Apr-04 19.46 27-May-04 13.65
13-Jan-04 21.66 27-Feb-04 19.74 15-Apr-04 19.29 28-May-04 12.98
14-Jan-04 21.86 01-Mar-04 21.57 16-Apr-04 19.36 31-May-04 11.94
15-Jan-04 21.44 03-Mar-04 21.72 17-Apr-04 19.35 01-Jun-04 12.14
16-Jan-04 20.96 04-Mar-04 21.53 19-Apr-04 19.1 02-Jun-04 12.36
19-Jan-04 21.35 05-Mar-04 21.81 20-Apr-04 19.11 03-Jun-04 12.04
20-Jan-04 20.88 08-Mar-04 22.01 21-Apr-04 19.41 04-Jun-04 12.25
21-Jan-04 20.13 09-Mar-04 21.79 22-Apr-04 19.58 07-Jun-04 12.42
22-Jan-04 19.53 10-Mar-04 21.54 23-Apr-04 19.68 08-Jun-04 12.48
23-Jan-04 20.38 11-Mar-04 21.08 27-Apr-04 18.9 09-Jun-04 12.47
27-Jan-04 21.01 12-Mar-04 21.16 28-Apr-04 18.89 10-Jun-04 12.44
28-Jan-04 20.55 15-Mar-04 20.59 29-Apr-04 18.82 11-Jun-04 12.14
29-Jan-04 20.34 16-Mar-04 20.43 30-Apr-04 18.68 14-Jun-04 11.84
30-Jan-04 19.96 17-Mar-04 20.44 03-May-04 16.62 15-Jun-04 12
03-Feb-04 19.55 18-Mar-04 20.05 04-May-04 16.87 16-Jun-04 12.01
04-Feb-04 20.14 19-Mar-04 20.15 05-May-04 16.86 17-Jun-04 12.15
05-Feb-04 19.94 22-Mar-04 19.68 06-May-04 17.04 18-Jun-04 11.98
06-Feb-04 20.27 23-Mar-04 19.81 07-May-04 16.77 21-Jun-04 11.91
09-Feb-04 20.78 24-Mar-04 19.76 10-May-04 16.38 22-Jun-04 11.85
10-Feb-04 20.79 25-Mar-04 19.91 11-May-04 15.74 23-Jun-04 11.62
11-Feb-04 20.71 26-Mar-04 20.41 12-May-04 15.86 24-Jun-04 11.82
12-Feb-04 20.64 29-Mar-04 20.58 13-May-04 15.91 25-Jun-04 11.96
13-Feb-04 20.95 30-Mar-04 20.44 14-May-04 14.66 28-Jun-04 12.71
16-Feb-04 20.98 31-Mar-04 20.7 17-May-04 12.87 29-Jun-04 12.74
28 MAHENDER MEHTA
SAMPLE DATA FOR SIXTH YEAR – 2004 - Part 2
Date P/E Date P/E Date P/E Date P/E
01-Jul-04 12.9 13-Aug-04 13.36 27-Sep-04 14.35 10-Nov-04 15.68
02-Jul-04 12.9 16-Aug-04 13.36 28-Sep-04 14.21 11-Nov-04 15.64
05-Jul-04 12.72 17-Aug-04 13.41 29-Sep-04 14.44 12-Nov-04 15.66
06-Jul-04 12.98 18-Aug-04 13.22 30-Sep-04 14.59 16-Nov-04 15.71
07-Jul-04 13.05 19-Aug-04 13.45 01-Oct-04 14.84 17-Nov-04 15.79
08-Jul-04 12.64 20-Aug-04 13.29 04-Oct-04 15.09 18-Nov-04 15.82
09-Jul-04 12.94 23-Aug-04 13.19 05-Oct-04 15.15 19-Nov-04 15.65
12-Jul-04 12.97 24-Aug-04 13.3 06-Oct-04 15 22-Nov-04 15.66
13-Jul-04 12.82 25-Aug-04 13.34 07-Oct-04 15.17 23-Nov-04 15.84
14-Jul-04 12.68 26-Aug-04 13.46 08-Oct-04 15.21 24-Nov-04 15.93
15-Jul-04 12.82 27-Aug-04 13.45 09-Oct-04 15.19 25-Nov-04 15.91
16-Jul-04 12.98 30-Aug-04 13.61 11-Oct-04 15.11 29-Nov-04 16.23
19-Jul-04 13.09 31-Aug-04 13.64 12-Oct-04 14.93 30-Nov-04 16.39
20-Jul-04 13.05 01-Sep-04 13.67 14-Oct-04 15 01-Dec-04 16.42
21-Jul-04 13.17 02-Sep-04 13.62 15-Oct-04 15 02-Dec-04 16.73
22-Jul-04 13.31 03-Sep-04 13.66 18-Oct-04 14.93 03-Dec-04 16.71
23-Jul-04 13.34 06-Sep-04 13.74 19-Oct-04 15.11 06-Dec-04 16.68
26-Jul-04 13.51 07-Sep-04 13.79 20-Oct-04 14.96 07-Dec-04 16.68
27-Jul-04 13.37 08-Sep-04 13.84 21-Oct-04 14.87 08-Dec-04 16.56
28-Jul-04 13.31 09-Sep-04 13.78 25-Oct-04 14.69 09-Dec-04 16.66
29-Jul-04 13.52 10-Sep-04 13.95 26-Oct-04 14.89 10-Dec-04 16.54
30-Jul-04 13.63 13-Sep-04 14 27-Oct-04 14.91 13-Dec-04 16.68
02-Aug-04 13.69 14-Sep-04 14.09 28-Oct-04 15.04 14-Dec-04 16.86
03-Aug-04 13.62 15-Sep-04 14.07 29-Oct-04 14.93 15-Dec-04 17.04
04-Aug-04 13.58 16-Sep-04 14.25 01-Nov-04 15.03 16-Dec-04 17.08
05-Aug-04 13.82 17-Sep-04 14.49 02-Nov-04 15.16 17-Dec-04 16.91
06-Aug-04 13.64 20-Sep-04 14.45 03-Nov-04 15.36 20-Dec-04 14.92
09-Aug-04 13.72 21-Sep-04 14.63 04-Nov-04 15.34 21-Dec-04 15.05
10-Aug-04 13.8 22-Sep-04 14.66 05-Nov-04 15.48 22-Dec-04 14.98
11-Aug-04 13.55 23-Sep-04 14.42 08-Nov-04 15.57 23-Dec-04 15.06
12-Aug-04 13.43 24-Sep-04 14.39 09-Nov-04 15.54 24-Dec-04 15.19
29 MAHENDER MEHTA
SAMPLE DATA FOR SEVENTH YEAR – 2005 - Part 1
Date P/E Date P/E Date P/E Date P/E
03-Jan-05 15.57 17-Feb-05 14.34 04-Apr-05 14.81 18-May-05 13.74
04-Jan-05 15.49 18-Feb-05 14.29 05-Apr-05 14.71 19-May-05 13.74
05-Jan-05 14.96 21-Feb-05 14.21 06-Apr-05 14.83 20-May-05 13.73
06-Jan-05 14.71 22-Feb-05 14.31 07-Apr-05 14.71 23-May-05 13.88
07-Jan-05 14.84 23-Feb-05 14.3 08-Apr-05 14.56 24-May-05 13.98
10-Jan-05 14.58 24-Feb-05 14.29 11-Apr-05 14.39 25-May-05 13.75
11-Jan-05 14.37 25-Feb-05 14.71 12-Apr-05 14.65 26-May-05 13.95
12-Jan-05 14.05 28-Feb-05 15.02 13-Apr-05 14.52 27-May-05 13.97
13-Jan-05 14.35 01-Mar-05 14.88 15-Apr-05 13.95 30-May-05 13.86
14-Jan-05 14.18 02-Mar-05 14.94 18-Apr-05 13.75 31-May-05 13.94
17-Jan-05 14.17 03-Mar-05 15.2 19-Apr-05 13.64 01-Jun-05 13.93
18-Jan-05 14.19 04-Mar-05 15.34 20-Apr-05 13.78 02-Jun-05 13.77
19-Jan-05 14.12 07-Mar-05 15.42 21-Apr-05 13.87 03-Jun-05 13.97
20-Jan-05 14.09 08-Mar-05 15.48 22-Apr-05 13.97 04-Jun-05 13.96
24-Jan-05 13.6 09-Mar-05 15.43 25-Apr-05 13.99 06-Jun-05 13.96
25-Jan-05 13.74 10-Mar-05 15.47 26-Apr-05 13.85 07-Jun-05 14
27-Jan-05 13.84 11-Mar-05 15.38 27-Apr-05 13.51 08-Jun-05 14.09
28-Jan-05 14.34 14-Mar-05 15.32 28-Apr-05 13.55 09-Jun-05 13.97
31-Jan-05 14.68 15-Mar-05 15.2 29-Apr-05 13.27 10-Jun-05 13.89
01-Feb-05 14.34 16-Mar-05 15.17 02-May-05 13.32 13-Jun-05 13.9
02-Feb-05 14.24 17-Mar-05 14.98 03-May-05 13.35 14-Jun-05 13.96
03-Feb-05 14.42 18-Mar-05 15.06 04-May-05 13.5 15-Jun-05 14.07
04-Feb-05 14.41 21-Mar-05 14.97 05-May-05 13.64 16-Jun-05 14.04
07-Feb-05 14.26 22-Mar-05 14.72 06-May-05 13.71 17-Jun-05 14.04
08-Feb-05 14.26 23-Mar-05 14.47 09-May-05 13.87 20-Jun-05 13.82
09-Feb-05 14.36 24-Mar-05 14.39 10-May-05 13.82 21-Jun-05 13.99
10-Feb-05 14.31 28-Mar-05 14.54 11-May-05 13.76 22-Jun-05 14.1
11-Feb-05 14.48 29-Mar-05 14.21 12-May-05 13.81 23-Jun-05 14.08
14-Feb-05 14.59 30-Mar-05 14.3 13-May-05 13.78 24-Jun-05 14.14
15-Feb-05 14.53 31-Mar-05 14.6 16-May-05 13.97 27-Jun-05 14.18
16-Feb-05 14.39 01-Apr-05 14.84 17-May-05 13.8 28-Jun-05 13.99
30 MAHENDER MEHTA
SAMPLE DATA FOR SEVENTH YEAR – 2005 - Part 2
Date P/E Date P/E Date P/E Date P/E
01-Jul-05 14.26 17-Aug-05 14.89 30-Sep-05 16.15 18-Nov-05 15.73
04-Jul-05 14.38 18-Aug-05 14.8 03-Oct-05 16.33 21-Nov-05 15.65
05-Jul-05 14.25 19-Aug-05 14.77 04-Oct-05 16.54 22-Nov-05 15.47
06-Jul-05 14.36 22-Aug-05 14.67 05-Oct-05 16.42 23-Nov-05 15.68
07-Jul-05 14.05 23-Aug-05 14.41 06-Oct-05 16.02 24-Nov-05 15.84
08-Jul-05 14.16 24-Aug-05 14.39 07-Oct-05 15.99 25-Nov-05 16.02
11-Jul-05 14.3 25-Aug-05 14.58 10-Oct-05 15.94 26-Nov-05 16.13
12-Jul-05 14.29 26-Aug-05 14.6 11-Oct-05 16 28-Nov-05 16.31
13-Jul-05 14.17 29-Aug-05 14.48 13-Oct-05 15.67 29-Nov-05 16.22
14-Jul-05 14.04 30-Aug-05 14.67 14-Oct-05 15.3 30-Nov-05 15.95
15-Jul-05 14.21 31-Aug-05 14.78 17-Oct-05 15.27 01-Dec-05 16.23
18-Jul-05 14.31 01-Sep-05 14.92 18-Oct-05 15.17 02-Dec-05 16.22
19-Jul-05 14.33 02-Sep-05 14.98 19-Oct-05 14.81 05-Dec-05 16
20-Jul-05 14.36 05-Sep-05 15.02 20-Oct-05 14.69 06-Dec-05 16.01
21-Jul-05 14.27 06-Sep-05 15.06 21-Oct-05 15.02 07-Dec-05 16.2
22-Jul-05 14.47 08-Sep-05 15.22 24-Oct-05 14.72 08-Dec-05 16.28
25-Jul-05 14.62 09-Sep-05 15.23 25-Oct-05 14.81 09-Dec-05 16.58
26-Jul-05 14.58 12-Sep-05 15.41 26-Oct-05 14.58 12-Dec-05 16.7
27-Jul-05 14.69 13-Sep-05 15.51 27-Oct-05 14.01 13-Dec-05 16.91
29-Jul-05 14.1 14-Sep-05 15.46 28-Oct-05 13.74 14-Dec-05 16.87
01-Aug-05 14.36 15-Sep-05 15.66 31-Oct-05 14.23 15-Dec-05 16.71
02-Aug-05 14.58 16-Sep-05 15.83 01-Nov-05 14.32 16-Dec-05 16.9
03-Aug-05 14.6 19-Sep-05 15.92 02-Nov-05 14.52 19-Dec-05 17.2
04-Aug-05 14.67 20-Sep-05 15.99 07-Nov-05 14.77 20-Dec-05 17.1
05-Aug-05 14.63 21-Sep-05 15.93 08-Nov-05 14.96 21-Dec-05 17.08
08-Aug-05 14.4 22-Sep-05 15.36 09-Nov-05 14.94 22-Dec-05 17.15
09-Aug-05 14.36 23-Sep-05 15.37 10-Nov-05 15.01 23-Dec-05 16.97
10-Aug-05 14.62 26-Sep-05 15.88 11-Nov-05 15.29 26-Dec-05 16.64
11-Aug-05 14.75 27-Sep-05 15.99 14-Nov-05 15.36 27-Dec-05 16.98
12-Aug-05 14.63 28-Sep-05 16.13 16-Nov-05 15.5 28-Dec-05 16.91
16-Aug-05 14.68 29-Sep-05 16.21 17-Nov-05 15.63 29-Dec-05 17.07
31 MAHENDER MEHTA
SAMPLE DATA FOR EIGHT YEAR – 2006 - Part 1
Date P/E Date P/E Date P/E Date P/E
02-Jan-06 17.16 17-Feb-06 17.71 04-Apr-06 20.74 22-May-06 17.52
03-Jan-06 17.45 20-Feb-06 17.86 05-Apr-06 20.9 23-May-06 18.19
04-Jan-06 17.58 21-Feb-06 18.03 07-Apr-06 20.57 24-May-06 17.71
05-Jan-06 17.55 22-Feb-06 18.13 10-Apr-06 20.71 25-May-06 18.39
06-Jan-06 17.64 23-Feb-06 18.19 12-Apr-06 20.13 26-May-06 18.28
09-Jan-06 17.62 24-Feb-06 18.12 13-Apr-06 19.91 29-May-06 18.27
10-Jan-06 17.37 27-Feb-06 18.22 17-Apr-06 20.34 30-May-06 18.11
12-Jan-06 17.28 28-Feb-06 18.27 18-Apr-06 20.76 31-May-06 17.46
13-Jan-06 17.25 01-Mar-06 18.56 19-Apr-06 20.79 01-Jun-06 16.78
16-Jan-06 17.14 02-Mar-06 18.73 20-Apr-06 21.01 02-Jun-06 17.51
17-Jan-06 17.12 03-Mar-06 18.71 21-Apr-06 21.01 05-Jun-06 17.09
18-Jan-06 16.53 06-Mar-06 18.96 24-Apr-06 20.85 06-Jun-06 16.64
19-Jan-06 16.87 07-Mar-06 18.92 25-Apr-06 20.37 07-Jun-06 16.21
20-Jan-06 16.91 08-Mar-06 18.53 26-Apr-06 20.93 08-Jun-06 15.44
23-Jan-06 16.83 09-Mar-06 18.6 27-Apr-06 20.58 09-Jun-06 16.24
24-Jan-06 16.86 10-Mar-06 18.93 28-Apr-06 20.08 12-Jun-06 15.73
25-Jan-06 17.02 13-Mar-06 19.04 29-Apr-06 20.31 13-Jun-06 15.09
27-Jan-06 17.42 14-Mar-06 19 02-May-06 20.46 14-Jun-06 14.92
30-Jan-06 17.91 16-Mar-06 19.18 03-May-06 20.62 15-Jun-06 15.91
31-Jan-06 17.9 17-Mar-06 19.25 04-May-06 20.7 16-Jun-06 16.43
01-Feb-06 17.73 20-Mar-06 19.44 05-May-06 20.77 19-Jun-06 16.58
02-Feb-06 17.7 21-Mar-06 19.42 08-May-06 20.93 20-Jun-06 16.27
03-Feb-06 17.54 22-Mar-06 19.28 09-May-06 21.09 21-Jun-06 16.62
06-Feb-06 17.9 23-Mar-06 19.33 10-May-06 21.28 22-Jun-06 17.03
07-Feb-06 18.02 24-Mar-06 19.52 11-May-06 20.98 23-Jun-06 17.3
08-Feb-06 17.95 27-Mar-06 19.77 12-May-06 20.69 25-Jun-06 17.34
10-Feb-06 18.03 28-Mar-06 19.79 15-May-06 19.86 26-Jun-06 16.73
13-Feb-06 18.11 29-Mar-06 19.97 16-May-06 19.97 27-Jun-06 17.36
14-Feb-06 17.93 30-Mar-06 20.35 17-May-06 20.62 28-Jun-06 17.57
15-Feb-06 17.96 31-Mar-06 20.26 18-May-06 19.26 29-Jun-06 17.67
16-Feb-06 17.95 03-Apr-06 20.68 19-May-06 18.51 30-Jun-06 18.44
32 MAHENDER MEHTA
SAMPLE DATA FOR EIGHT YEAR – 2006 - Part 2
Date P/E Date P/E Date P/E Date P/E
03-Jul-06 18.57 16-Aug-06 18.84 28-Sep-06 20.83 14-Nov-06 20.7
04-Jul-06 18.5 17-Aug-06 18.83 29-Sep-06 20.92 15-Nov-06 20.78
05-Jul-06 18.84 18-Aug-06 18.84 03-Oct-06 20.82 16-Nov-06 20.78
06-Jul-06 18.6 21-Aug-06 18.88 04-Oct-06 20.5 17-Nov-06 20.65
07-Jul-06 18.13 22-Aug-06 18.88 05-Oct-06 20.79 20-Nov-06 20.67
10-Jul-06 18.52 23-Aug-06 18.71 06-Oct-06 20.82 21-Nov-06 21
11-Jul-06 18.36 24-Aug-06 18.91 09-Oct-06 20.82 22-Nov-06 21.2
12-Jul-06 18.76 25-Aug-06 19 10-Oct-06 20.83 23-Nov-06 21.14
13-Jul-06 18.61 28-Aug-06 19.08 11-Oct-06 20.68 24-Nov-06 21.17
14-Jul-06 18.33 29-Aug-06 19.22 12-Oct-06 21.04 27-Nov-06 21.25
17-Jul-06 17.63 30-Aug-06 19.25 13-Oct-06 21.36 28-Nov-06 21
18-Jul-06 17.52 31-Aug-06 19.15 16-Oct-06 21.64 29-Nov-06 21.03
19-Jul-06 17 01-Sep-06 19.68 17-Oct-06 21.47 30-Nov-06 21.18
20-Jul-06 17.43 04-Sep-06 19.92 18-Oct-06 21.33 01-Dec-06 21.41
21-Jul-06 16.93 05-Sep-06 19.9 19-Oct-06 21.06 04-Dec-06 21.43
24-Jul-06 17.13 06-Sep-06 19.92 20-Oct-06 20.91 05-Dec-06 21.51
25-Jul-06 17.44 07-Sep-06 19.79 21-Oct-06 20.94 06-Dec-06 21.51
26-Jul-06 17.58 08-Sep-06 19.89 23-Oct-06 20.79 07-Dec-06 21.54
27-Jul-06 17.83 11-Sep-06 19.29 26-Oct-06 20.79 08-Dec-06 21.23
28-Jul-06 17.57 12-Sep-06 19.42 27-Oct-06 21.04 11-Dec-06 20.62
31-Jul-06 17.64 13-Sep-06 19.81 30-Oct-06 20.48 12-Dec-06 19.91
01-Aug-06 17.67 14-Sep-06 19.91 31-Oct-06 20.37 13-Dec-06 20.17
02-Aug-06 17.86 15-Sep-06 19.95 01-Nov-06 20.16 14-Dec-06 20.59
03-Aug-06 17.9 18-Sep-06 20.03 02-Nov-06 20.29 15-Dec-06 20.83
04-Aug-06 17.83 19-Sep-06 19.83 03-Nov-06 20.37 18-Dec-06 21.05
07-Aug-06 17.69 20-Sep-06 20.09 06-Nov-06 20.39 19-Dec-06 20.53
08-Aug-06 18.03 21-Sep-06 20.38 07-Nov-06 20.34 20-Dec-06 20.45
09-Aug-06 18.27 22-Sep-06 20.33 08-Nov-06 20.22 21-Dec-06 20.54
10-Aug-06 18.3 25-Sep-06 20.21 09-Nov-06 20.32 22-Dec-06 20.74
11-Aug-06 18.38 26-Sep-06 20.83 10-Nov-06 20.53 26-Dec-06 21.12
14-Aug-06 18.6 27-Sep-06 20.87 13-Nov-06 20.66 27-Dec-06 21.3
33 MAHENDER MEHTA
SAMPLE DATA FOR NINTH YEAR – 2007 - Part 1
Date P/E Date P/E Date P/E Date P/E
02-Jan-07 21.48 19-Feb-07 20.02 04-Apr-07 18.43 22-May-07 19.91
03-Jan-07 21.57 20-Feb-07 19.74 05-Apr-07 18.54 23-May-07 19.78
04-Jan-07 21.38 21-Feb-07 19.69 09-Apr-07 19 24-May-07 19.59
05-Jan-07 21.35 22-Feb-07 19.42 10-Apr-07 19.02 25-May-07 19.98
08-Jan-07 21.08 23-Feb-07 18.94 11-Apr-07 19.09 28-May-07 20.02
09-Jan-07 20.97 26-Feb-07 18.95 12-Apr-07 18.93 29-May-07 20.11
10-Jan-07 20.64 27-Feb-07 18.72 13-Apr-07 19.28 30-May-07 20.17
11-Jan-07 21.04 28-Feb-07 18.01 16-Apr-07 19.75 31-May-07 20.41
12-Jan-07 21.63 01-Mar-07 18.33 17-Apr-07 19.55 01-Jun-07 20.41
15-Jan-07 21.77 02-Mar-07 17.92 18-Apr-07 19.66 04-Jun-07 20.27
16-Jan-07 21.67 05-Mar-07 17.2 19-Apr-07 19.57 05-Jun-07 20.35
17-Jan-07 21.59 06-Mar-07 17.58 20-Apr-07 19.88 06-Jun-07 19.94
18-Jan-07 21.74 07-Mar-07 17.44 23-Apr-07 19.88 07-Jun-07 19.85
19-Jan-07 21.43 08-Mar-07 18.09 24-Apr-07 20.13 08-Jun-07 19.69
22-Jan-07 21.42 09-Mar-07 17.88 25-Apr-07 20.24 11-Jun-07 19.69
23-Jan-07 20.96 12-Mar-07 17.96 26-Apr-07 20.25 12-Jun-07 19.74
24-Jan-07 21.07 13-Mar-07 18.14 27-Apr-07 19.58 13-Jun-07 19.54
25-Jan-07 21.35 14-Mar-07 17.51 30-Apr-07 19.48 14-Jun-07 19.81
29-Jan-07 20.88 15-Mar-07 17.53 03-May-07 19.76 15-Jun-07 19.82
31-Jan-07 19.85 16-Mar-07 17.36 04-May-07 19.59 18-Jun-07 19.7
01-Feb-07 19.95 19-Mar-07 17.7 07-May-07 19.56 19-Jun-07 20.02
02-Feb-07 20.12 20-Mar-07 17.79 08-May-07 19.39 20-Jun-07 20.19
05-Feb-07 20.27 21-Mar-07 18.11 09-May-07 19.36 21-Jun-07 20.28
06-Feb-07 20.18 22-Mar-07 18.65 10-May-07 19.31 22-Jun-07 20.2
07-Feb-07 20.32 23-Mar-07 18.58 11-May-07 19.35 25-Jun-07 20.32
08-Feb-07 20.31 26-Mar-07 18.38 14-May-07 19.54 26-Jun-07 20.44
09-Feb-07 20.14 28-Mar-07 18.1 15-May-07 19.46 27-Jun-07 20.34
12-Feb-07 19.52 29-Mar-07 18.29 16-May-07 19.7 28-Jun-07 20.42
13-Feb-07 19.45 30-Mar-07 18.4 17-May-07 19.93 29-Jun-07 20.6
14-Feb-07 19.47 02-Apr-07 17.49 18-May-07 19.78 02-Jul-07 20.62
15-Feb-07 19.94 03-Apr-07 17.77 21-May-07 19.83 03-Jul-07 20.83
34 MAHENDER MEHTA
SAMPLE DATA FOR NINTH YEAR – 2007 - Part 2
Date P/E Date P/E Date P/E Date P/E
04-Jul-07 20.84 17-Aug-07 18.58 01-Oct-07 22.79 14-Nov-07 25.98
05-Jul-07 20.81 20-Aug-07 19.04 03-Oct-07 23.43 15-Nov-07 25.87
06-Jul-07 21.11 21-Aug-07 18.43 04-Oct-07 23.42 16-Nov-07 25.86
09-Jul-07 21.27 22-Aug-07 18.79 05-Oct-07 23.62 19-Nov-07 25.87
10-Jul-07 21.2 23-Aug-07 18.62 08-Oct-07 23.16 20-Nov-07 25.32
11-Jul-07 21.06 24-Aug-07 18.96 09-Oct-07 24.26 21-Nov-07 24.35
12-Jul-07 21.35 27-Aug-07 19.47 10-Oct-07 24.78 22-Nov-07 24.17
13-Jul-07 21.63 28-Aug-07 19.55 11-Oct-07 25.13 23-Nov-07 24.53
16-Jul-07 21.78 29-Aug-07 19.72 12-Oct-07 24.67 26-Nov-07 25.07
17-Jul-07 21.65 30-Aug-07 19.96 15-Oct-07 25.77 27-Nov-07 24.92
18-Jul-07 21.64 31-Aug-07 20.2 16-Oct-07 25.71 28-Nov-07 24.57
19-Jul-07 21.86 03-Sep-07 20.25 17-Oct-07 25.2 29-Nov-07 24.65
20-Jul-07 21.76 04-Sep-07 20.27 18-Oct-07 24.33 30-Nov-07 25.21
23-Jul-07 22 05-Sep-07 20.26 19-Oct-07 23.46 03-Dec-07 25.66
24-Jul-07 22.01 06-Sep-07 20.45 22-Oct-07 23.28 04-Dec-07 25.63
25-Jul-07 21.71 07-Sep-07 20.41 23-Oct-07 24.53 05-Dec-07 25.98
26-Jul-07 21.71 10-Sep-07 20.4 24-Oct-07 24.66 06-Dec-07 26.05
27-Jul-07 20.87 11-Sep-07 20.35 25-Oct-07 25.01 07-Dec-07 26.14
30-Jul-07 20.34 12-Sep-07 20.35 26-Oct-07 25.57 10-Dec-07 26.08
31-Jul-07 20.49 13-Sep-07 20.5 29-Oct-07 26.35 11-Dec-07 26.68
01-Aug-07 19.65 14-Sep-07 20.45 30-Oct-07 26.01 12-Dec-07 27.69
02-Aug-07 19.72 17-Sep-07 20.34 31-Oct-07 25.74 13-Dec-07 27.23
03-Aug-07 19.93 18-Sep-07 20.57 01-Nov-07 25.65 14-Dec-07 27.19
06-Aug-07 19.65 19-Sep-07 21.42 02-Nov-07 25.94 17-Dec-07 25.97
07-Aug-07 19.72 20-Sep-07 21.49 05-Nov-07 25.57 18-Dec-07 25.81
08-Aug-07 20.2 21-Sep-07 21.89 06-Nov-07 25.31 19-Dec-07 25.85
09-Aug-07 19.94 24-Sep-07 22.18 07-Nov-07 25.29 20-Dec-07 25.92
10-Aug-07 19.63 25-Sep-07 22.21 08-Nov-07 24.92 24-Dec-07 26.91
13-Aug-07 19.81 26-Sep-07 22.21 09-Nov-07 24.77 26-Dec-07 27.29
14-Aug-07 19.77 27-Sep-07 22.49 12-Nov-07 24.57 27-Dec-07 27.36
16-Aug-07 18.9 28-Sep-07 22.58 13-Nov-07 24.92 28-Dec-07 27.35
35 MAHENDER MEHTA
SAMPLE DATA FOR TENTH YEAR – 2008 - Part 1
Date P/E Date P/E Date P/E Date P/E
01-Jan-08 27.64 13-Feb-08 21.03 01-Apr-08 20.66 20-May-08 21.72
02-Jan-08 27.8 14-Feb-08 22.19 02-Apr-08 20.72 21-May-08 21.77
03-Jan-08 27.8 15-Feb-08 22.62 03-Apr-08 20.8 22-May-08 21.38
04-Jan-08 28.23 18-Feb-08 22.51 04-Apr-08 20.25 23-May-08 21.03
07-Jan-08 28.25 19-Feb-08 22.52 07-Apr-08 20.75 26-May-08 20.73
08-Jan-08 28.29 20-Feb-08 21.98 08-Apr-08 20.53 27-May-08 20.67
09-Jan-08 28.22 21-Feb-08 22.14 09-Apr-08 20.69 28-May-08 20.92
10-Jan-08 27.7 22-Feb-08 21.79 10-Apr-08 20.63 29-May-08 20.59
11-Jan-08 27.86 25-Feb-08 22.17 11-Apr-08 20.82 30-May-08 20.74
14-Jan-08 27.89 26-Feb-08 22.47 15-Apr-08 21.26 02-Jun-08 20.17
15-Jan-08 27.3 27-Feb-08 22.46 16-Apr-08 21.29 03-Jun-08 20.07
16-Jan-08 26.67 28-Feb-08 22.53 17-Apr-08 21.6 04-Jun-08 19.52
17-Jan-08 25.47 29-Feb-08 22.27 21-Apr-08 21.92 05-Jun-08 19.91
18-Jan-08 24.49 03-Mar-08 21.12 22-Apr-08 21.8 06-Jun-08 19.7
21-Jan-08 22.33 04-Mar-08 20.74 23-Apr-08 21.69 09-Jun-08 19.16
22-Jan-08 20.96 05-Mar-08 20.98 24-Apr-08 21.57 10-Jun-08 18.94
23-Jan-08 22.26 07-Mar-08 20.35 25-Apr-08 21.96 11-Jun-08 19.25
24-Jan-08 21.52 10-Mar-08 20.47 28-Apr-08 21.85 12-Jun-08 19.32
25-Jan-08 22.88 11-Mar-08 20.75 29-Apr-08 22.31 13-Jun-08 19.23
28-Jan-08 22.6 12-Mar-08 20.78 30-Apr-08 22.17 16-Jun-08 19.46
29-Jan-08 22.55 13-Mar-08 19.72 02-May-08 22.42 17-Jun-08 19.89
30-Jan-08 22.02 14-Mar-08 20.68 05-May-08 22.2 18-Jun-08 19.6
31-Jan-08 21.97 17-Mar-08 19.62 06-May-08 22.02 19-Jun-08 19.26
01-Feb-08 22.68 18-Mar-08 19.75 07-May-08 21.98 20-Jun-08 18.59
04-Feb-08 23.31 19-Mar-08 19.93 08-May-08 21.75 23-Jun-08 18.25
05-Feb-08 23.4 24-Mar-08 20.09 09-May-08 21.32 24-Jun-08 17.91
06-Feb-08 22.71 25-Mar-08 21.25 12-May-08 21.45 25-Jun-08 18.18
07-Feb-08 21.9 26-Mar-08 21.05 13-May-08 21.21 26-Jun-08 18.45
08-Feb-08 21.85 27-Mar-08 21.05 14-May-08 21.44 27-Jun-08 17.67
11-Feb-08 20.72 28-Mar-08 21.54 15-May-08 21.84 30-Jun-08 17.28
12-Feb-08 20.64 31-Mar-08 20.63 16-May-08 21.94 01-Jul-08 16.66
36 MAHENDER MEHTA
SAMPLE DATA FOR TENTH YEAR – 2008 - Part 2
Date P/E Date P/E Date P/E Date P/E
02-Jul-08 17.5 14-Aug-08 18.69 30-Sep-08 16.85 18-Nov-08 11.75
03-Jul-08 16.79 18-Aug-08 18.53 01-Oct-08 16.98 19-Nov-08 11.54
04-Jul-08 17.22 19-Aug-08 18.43 03-Oct-08 16.41 20-Nov-08 11.18
07-Jul-08 17.28 20-Aug-08 18.63 06-Oct-08 15.48 21-Nov-08 11.8
08-Jul-08 17.11 21-Aug-08 18.07 07-Oct-08 15.5 24-Nov-08 11.86
09-Jul-08 17.83 22-Aug-08 18.25 08-Oct-08 15.1 25-Nov-08 11.63
10-Jul-08 17.85 25-Aug-08 18.29 10-Oct-08 14.07 26-Nov-08 12.06
11-Jul-08 17.34 26-Aug-08 18.3 13-Oct-08 14.97 28-Nov-08 12.08
14-Jul-08 17.3 27-Aug-08 18.1 14-Oct-08 15.09 01-Dec-08 11.76
15-Jul-08 16.53 28-Aug-08 17.81 15-Oct-08 14.31 02-Dec-08 11.65
16-Jul-08 16.33 29-Aug-08 18.43 16-Oct-08 14.01 03-Dec-08 11.64
17-Jul-08 16.87 01-Sep-08 18.38 17-Oct-08 13.15 04-Dec-08 12.22
18-Jul-08 17.49 02-Sep-08 19.03 20-Oct-08 13.47 05-Dec-08 11.9
21-Jul-08 17.72 04-Sep-08 18.8 21-Oct-08 13.92 08-Dec-08 12.2
22-Jul-08 18.06 05-Sep-08 18.39 22-Oct-08 13.18 10-Dec-08 12.84
23-Jul-08 19.06 08-Sep-08 18.94 23-Oct-08 12.66 11-Dec-08 12.8
24-Jul-08 18.79 09-Sep-08 18.9 24-Oct-08 10.99 12-Dec-08 12.81
25-Jul-08 18.19 10-Sep-08 18.88 27-Oct-08 10.68 15-Dec-08 13.07
28-Jul-08 18.2 11-Sep-08 18.41 28-Oct-08 11.36 16-Dec-08 13.33
29-Jul-08 17.49 12-Sep-08 18.14 29-Oct-08 11.42 17-Dec-08 12.95
30-Jul-08 18.08 15-Sep-08 17.5 31-Oct-08 12.57 18-Dec-08 13.42
31-Jul-08 18.22 16-Sep-08 17.51 03-Nov-08 13.33 19-Dec-08 13.49
01-Aug-08 18.56 17-Sep-08 17.22 04-Nov-08 13.76 22-Dec-08 13.32
04-Aug-08 18.54 18-Sep-08 17.35 05-Nov-08 13.11 23-Dec-08 13.01
05-Aug-08 18.99 19-Sep-08 18.24 06-Nov-08 12.66 24-Dec-08 12.79
06-Aug-08 19.05 22-Sep-08 18.15 07-Nov-08 13.02 26-Dec-08 12.52
07-Aug-08 19.08 23-Sep-08 17.73 10-Nov-08 13.78 29-Dec-08 12.81
08-Aug-08 19.1 24-Sep-08 17.88 11-Nov-08 12.87 30-Dec-08 13.06
11-Aug-08 19.49 25-Sep-08 17.66 12-Nov-08 12.48 31-Dec-08 12.97
12-Aug-08 19.2 26-Sep-08 17.12 14-Nov-08 12.31
13-Aug-08 19.1 29-Sep-08 16.54 17-Nov-08 12.26
37 MAHENDER MEHTA
SAMPLE DATA FOR ELEVENTH YEAR – 2009 - Part 1
Date P/E Date P/E Date P/E Date P/E
01-Jan-09 13.3 17-Feb-09 13.15 08-Apr-09 15.82 27-May-09 20
02-Jan-09 13.36 18-Feb-09 13.18 09-Apr-09 15.82 28-May-09 20.32
05-Jan-09 13.68 19-Feb-09 13.24 13-Apr-09 16.01 29-May-09 20.82
06-Jan-09 13.64 20-Feb-09 12.99 15-Apr-09 16.45 01-Jun-09 20.62
07-Jan-09 12.8 24-Feb-09 12.98 16-Apr-09 15.9 02-Jun-09 20.6
09-Jan-09 12.59 25-Feb-09 13.11 17-Apr-09 15.97 03-Jun-09 20.62
12-Jan-09 12.32 26-Feb-09 13.22 20-Apr-09 15.94 04-Jun-09 20.87
13-Jan-09 12.16 27-Feb-09 13.12 21-Apr-09 15.86 05-Jun-09 20.93
14-Jan-09 12.56 02-Mar-09 12.7 22-Apr-09 15.69 08-Jun-09 20.21
15-Jan-09 12.1 03-Mar-09 12.45 23-Apr-09 16.12 09-Jun-09 20.77
16-Jan-09 12.51 04-Mar-09 12.56 24-Apr-09 16.43 10-Jun-09 21.24
19-Jan-09 12.58 05-Mar-09 12.23 27-Apr-09 16.53 11-Jun-09 21.16
20-Jan-09 12.36 06-Mar-09 12.44 28-Apr-09 16.02 12-Jun-09 20.91
21-Jan-09 11.97 09-Mar-09 12.21 29-Apr-09 16.53 15-Jun-09 20.47
22-Jan-09 11.96 12-Mar-09 12.42 04-May-09 17.37 16-Jun-09 20.63
23-Jan-09 12.27 13-Mar-09 12.91 05-May-09 17.4 17-Jun-09 19.5
27-Jan-09 12.67 16-Mar-09 13.18 06-May-09 17.23 18-Jun-09 19.03
28-Jan-09 13.1 17-Mar-09 13.09 07-May-09 17.51 19-Jun-09 19.31
29-Jan-09 13.17 18-Mar-09 13.27 08-May-09 17.21 22-Jun-09 18.96
30-Jan-09 13.4 19-Mar-09 13.33 11-May-09 16.78 23-Jun-09 19.01
02-Feb-09 13.12 20-Mar-09 13.33 12-May-09 17.38 24-Jun-09 19.22
03-Feb-09 13.2 23-Mar-09 13.96 13-May-09 17.17 25-Jun-09 19.07
04-Feb-09 13.29 24-Mar-09 13.96 14-May-09 16.97 26-Jun-09 20.08
05-Feb-09 13.19 25-Mar-09 14.17 15-May-09 17.34 29-Jun-09 20.25
06-Feb-09 13.49 26-Mar-09 14.64 18-May-09 20.41 30-Jun-09 19.97
09-Feb-09 13.86 27-Mar-09 14.7 19-May-09 20.39 01-Jul-09 20.2
10-Feb-09 13.93 30-Mar-09 14.08 20-May-09 20.18 02-Jul-09 20.23
11-Feb-09 13.89 31-Mar-09 14.29 21-May-09 19.85 03-Jul-09 20.58
12-Feb-09 13.73 01-Apr-09 14.49 22-May-09 19.87 06-Jul-09 19.38
13-Feb-09 14 02-Apr-09 15.2 25-May-09 19.85 07-Jul-09 19.55
16-Feb-09 13.52 06-Apr-09 15.42 26-May-09 19.29 08-Jul-09 18.98
38 MAHENDER MEHTA
SAMPLE DATA FOR ELEVENTH YEAR – 2009 - Part 2
Date P/E Date P/E Date P/E Date P/E
09-Jul-09 18.99 21-Aug-09 20.31 08-Oct-09 22.58 24-Nov-09 22.63
10-Jul-09 18.58 24-Aug-09 20.82 09-Oct-09 22.31 25-Nov-09 22.71
13-Jul-09 18.42 25-Aug-09 20.88 12-Oct-09 22.8 26-Nov-09 22.25
14-Jul-09 19.02 26-Aug-09 20.97 14-Oct-09 22.97 27-Nov-09 21.97
15-Jul-09 19.58 27-Aug-09 21.01 15-Oct-09 22.93 30-Nov-09 22.37
16-Jul-09 19.21 28-Aug-09 21.26 16-Oct-09 23.08 01-Dec-09 22.77
17-Jul-09 19.87 31-Aug-09 20.94 17-Oct-09 23.08 02-Dec-09 22.77
20-Jul-09 20.44 01-Sep-09 20.78 20-Oct-09 22.94 03-Dec-09 22.81
21-Jul-09 20.29 02-Sep-09 20.7 21-Oct-09 22.71 04-Dec-09 22.71
22-Jul-09 19.89 03-Sep-09 20.63 22-Oct-09 22.44 07-Dec-09 22.52
23-Jul-09 20.27 04-Sep-09 21.02 23-Oct-09 22.19 08-Dec-09 22.92
24-Jul-09 20.6 07-Sep-09 21.49 26-Oct-09 21.96 09-Dec-09 22.76
27-Jul-09 20.59 08-Sep-09 21.59 27-Oct-09 21.42 10-Dec-09 22.86
28-Jul-09 20.3 09-Sep-09 21.63 28-Oct-09 21.33 11-Dec-09 22.79
29-Jul-09 20.08 10-Sep-09 21.66 29-Oct-09 21 14-Dec-09 22.74
30-Jul-09 20.31 11-Sep-09 21.7 30-Oct-09 20.45 15-Dec-09 22.41
31-Jul-09 20.68 14-Sep-09 21.66 03-Nov-09 19.81 16-Dec-09 22.45
03-Aug-09 21.09 15-Sep-09 22.03 04-Nov-09 20.45 17-Dec-09 22.45
04-Aug-09 20.99 16-Sep-09 22.33 05-Nov-09 20.68 18-Dec-09 22.21
05-Aug-09 21.05 17-Sep-09 22.36 06-Nov-09 21.05 21-Dec-09 22.05
06-Aug-09 20.56 18-Sep-09 22.41 09-Nov-09 21.5 22-Dec-09 22.2
07-Aug-09 20.1 22-Sep-09 22.61 10-Nov-09 21.43 23-Dec-09 22.91
10-Aug-09 19.9 23-Sep-09 22.38 11-Nov-09 22.24 24-Dec-09 23.07
11-Aug-09 20.06 24-Sep-09 22.46 12-Nov-09 22.02 29-Dec-09 23.11
12-Aug-09 19.99 25-Sep-09 22.33 13-Nov-09 22.22 30-Dec-09 23.03
13-Aug-09 20.66 29-Sep-09 22.55 16-Nov-09 22.48 31-Dec-09 23.17
14-Aug-09 20.54 30-Sep-09 22.9 17-Nov-09 22.5
17-Aug-09 19.68 01-Oct-09 22.89 18-Nov-09 22.47
18-Aug-09 20 05-Oct-09 22.53 19-Nov-09 22.18
19-Aug-09 19.71 06-Oct-09 22.67 20-Nov-09 22.46
20-Aug-09 19.98 07-Oct-09 22.48 23-Nov-09 22.69
39 MAHENDER MEHTA
SAMPLE DATA FOR TWELTH YEAR – 2010 - Part 1
Date P/E Date P/E Date P/E Date P/E
04-Jan-10 23.31 17-Feb-10 21.02 06-Apr-10 22.84 20-May-10 20.65
05-Jan-10 23.57 18-Feb-10 20.91 07-Apr-10 22.88 21-May-10 20.58
06-Jan-10 23.59 19-Feb-10 20.72 08-Apr-10 22.96 24-May-10 20.63
07-Jan-10 23.51 22-Feb-10 20.77 09-Apr-10 23.21 25-May-10 20.06
08-Jan-10 23.43 23-Feb-10 20.83 12-Apr-10 23.11 26-May-10 20.52
11-Jan-10 23.45 24-Feb-10 20.78 13-Apr-10 23.04 27-May-10 20.88
12-Jan-10 23.28 25-Feb-10 20.79 15-Apr-10 22.83 28-May-10 21.22
13-Jan-10 23.38 26-Feb-10 20.92 16-Apr-10 22.78 31-May-10 21.3
14-Jan-10 23.5 02-Mar-10 21.33 19-Apr-10 22.58 01-Jun-10 20.81
15-Jan-10 23.46 03-Mar-10 21.63 20-Apr-10 22.71 02-Jun-10 21.02
18-Jan-10 23.57 04-Mar-10 21.59 21-Apr-10 22.78 03-Jun-10 21.4
19-Jan-10 23.35 05-Mar-10 21.63 22-Apr-10 22.88 04-Jun-10 21.5
20-Jan-10 23.06 08-Mar-10 21.8 23-Apr-10 23.03 07-Jun-10 21.11
21-Jan-10 22.5 09-Mar-10 21.7 26-Apr-10 23.11 08-Jun-10 20.91
22-Jan-10 22.24 10-Mar-10 21.77 27-Apr-10 22.45 09-Jun-10 20.97
25-Jan-10 21.7 11-Mar-10 21.84 28-Apr-10 22.05 10-Jun-10 21.3
27-Jan-10 21.03 12-Mar-10 21.86 29-Apr-10 22.22 11-Jun-10 21.44
28-Jan-10 21.09 15-Mar-10 21.82 30-Apr-10 22.29 14-Jun-10 21.77
29-Jan-10 21 16-Mar-10 22.12 03-May-10 22.06 15-Jun-10 21.87
01-Feb-10 21.07 17-Mar-10 22.26 04-May-10 21.74 16-Jun-10 21.92
02-Feb-10 20.77 18-Mar-10 22.32 05-May-10 21.64 17-Jun-10 22.09
03-Feb-10 21.21 19-Mar-10 22.39 06-May-10 21.5 18-Jun-10 22.04
04-Feb-10 20.84 22-Mar-10 22.15 07-May-10 21.19 21-Jun-10 22.42
05-Feb-10 20.18 23-Mar-10 22.23 10-May-10 21.92 22-Jun-10 22.27
06-Feb-10 20.35 25-Mar-10 22.38 11-May-10 21.68 23-Jun-10 22.29
08-Feb-10 20.36 26-Mar-10 22.47 12-May-10 21.77 24-Jun-10 22.28
09-Feb-10 20.5 29-Mar-10 22.56 13-May-10 21.86 25-Jun-10 22.07
10-Feb-10 20.35 30-Mar-10 22.39 14-May-10 21.26 28-Jun-10 22.34
11-Feb-10 20.65 31-Mar-10 22.33 17-May-10 21.12 29-Jun-10 22.01
15-Feb-10 20.54 01-Apr-10 22.52 18-May-10 21.14 30-Jun-10 22.25
16-Feb-10 20.77 05-Apr-10 22.85 19-May-10 20.53 01-Jul-10 21.99
40 MAHENDER MEHTA
SAMPLE DATA FOR TWELTH YEAR – 2010 - Part 2
Date P/E Date P/E Date P/E Date P/E
02-Jul-10 21.93 16-Aug-10 22.76 29-Sep-10 25.29 11-Nov-10 25.11
05-Jul-10 21.93 17-Aug-10 22.75 30-Sep-10 25.46 12-Nov-10 24.62
06-Jul-10 22.15 18-Aug-10 23.02 01-Oct-10 25.54 15-Nov-10 24.39
07-Jul-10 21.95 19-Aug-10 23.28 04-Oct-10 25.61 16-Nov-10 23.86
08-Jul-10 22.18 20-Aug-10 23.24 05-Oct-10 25.55 18-Nov-10 23.9
09-Jul-10 22.42 23-Aug-10 23.29 06-Oct-10 25.72 19-Nov-10 23.47
12-Jul-10 22.56 24-Aug-10 23.13 07-Oct-10 25.44 22-Nov-10 23.98
13-Jul-10 22.63 25-Aug-10 22.98 08-Oct-10 25.37 23-Nov-10 23.69
14-Jul-10 22.57 26-Aug-10 23.05 11-Oct-10 25.51 24-Nov-10 23.41
15-Jul-10 22.54 27-Aug-10 22.76 12-Oct-10 25.32 25-Nov-10 23.15
16-Jul-10 22.61 30-Aug-10 22.78 13-Oct-10 25.91 26-Nov-10 22.96
19-Jul-10 22.61 31-Aug-10 22.73 14-Oct-10 25.68 29-Nov-10 23.26
20-Jul-10 22.53 01-Sep-10 23.02 15-Oct-10 25.2 30-Nov-10 23.39
21-Jul-10 22.66 02-Sep-10 23.08 18-Oct-10 25.07 01-Dec-10 23.78
22-Jul-10 22.75 03-Sep-10 23.05 19-Oct-10 24.87 02-Dec-10 23.96
23-Jul-10 22.78 06-Sep-10 23.46 20-Oct-10 24.69 03-Dec-10 23.89
26-Jul-10 22.53 07-Sep-10 23.58 21-Oct-10 25.18 06-Dec-10 23.88
27-Jul-10 22.58 08-Sep-10 23.59 22-Oct-10 25.03 07-Dec-10 23.82
28-Jul-10 22.44 09-Sep-10 23.73 25-Oct-10 25.2 08-Dec-10 23.53
29-Jul-10 22.49 13-Sep-10 24.32 26-Oct-10 24.98 09-Dec-10 22.98
30-Jul-10 22.31 14-Sep-10 24.47 27-Oct-10 24.69 10-Dec-10 23.35
02-Aug-10 22.91 15-Sep-10 24.74 28-Oct-10 24.59 13-Dec-10 23.58
03-Aug-10 22.95 16-Sep-10 24.61 29-Oct-10 24.71 14-Dec-10 23.72
04-Aug-10 23.07 17-Sep-10 24.84 01-Nov-10 25.12 15-Dec-10 23.51
05-Aug-10 22.98 20-Sep-10 25.25 02-Nov-10 25.13 16-Dec-10 23.74
06-Aug-10 22.95 21-Sep-10 25.37 03-Nov-10 25.3 20-Dec-10 23.73
09-Aug-10 23 22-Sep-10 25.29 04-Nov-10 25.47 21-Dec-10 23.95
10-Aug-10 22.89 23-Sep-10 25.16 05-Nov-10 25.59 22-Dec-10 23.88
11-Aug-10 22.72 24-Sep-10 25.41 08-Nov-10 25.43 23-Dec-10 23.86
12-Aug-10 22.71 27-Sep-10 25.48 09-Nov-10 25.55 24-Dec-10 23.99
13-Aug-10 22.86 28-Sep-10 25.45 10-Nov-10 25.44 27-Dec-10 23.94
41 MAHENDER MEHTA
Bibliography
1. Reference to Invetopedia site www.investopedia.com
2. Reference to National Stock Exchange www.national stockexchange.com
3. Reference of P/E ratio on NSE www.nseindia,com
4. Reference to indices of CNX Nifty and CNX Nifty Junior on NSE
www.nse.com
5. Reference to Mr Warren Edward Buffett is an American business magnate,
investor and philanthropist.
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MONEY MULTIPLIER DOCUMENT

  • 1.
    MONEY MULTILPIER Without Analysis/ Paralysis MAHENDER MEHTA 10/28/2014 MONEY MULTIPLIER withoutAnalysis/ParalysisbyobservingP/Eratioforentryand exitpointsfor investmentinstocks
  • 2.
    2 MAHENDER MEHTA MONEYMULTIPLIER Without Analysis / Paralysis CONTENTS Section No. Title Page No. 1 Objective 2 2 Data Description 2 3 Analytical Approach 3 4 Conclusion / Recommendation 15 5 Appendix 16
  • 3.
    3 MAHENDER MEHTA OBJECTIVE Theobjective of our study is to find out if there is any money multiplier which is available without any analysis or paralysis. A simple employee is keen to find this money multiplier, small or medium business employees (self-employed) are also inquisitive about this money multiplier, a businessman is also looking for this multiplier. Above all, a simple investor or an intelligent investor wants to know about this money multiplier. After all, everyone wants to be rich. In order to fulfill the objective, we will be using simple statistical tools to analyze the data in our analytical approach. More specifically, we will be using various descriptive statistics and graphs to come to a certain conclusion. DATA DESCRIPTION For showing the money multiplier effect, we are using the data of Price Earnings ratio (P/E) verses time. Let us first understand the definition of Price-Earnings ratio. As per definition given in Investopedia (www.investopedia.com) the definition of P/E ratio is given below. A valuation ratio of company’s current share price compared to its per-share earnings. Calculated as: Market Value per Share / Earnings per Share (EPS) For example, if a company is currently trading at Rs.43 a share and earnings over the last 12 months were Rs.1.95 per share, the P/E ratio for the stock would be 22.05 (Rs.43 / 1.95). EPS is usually from the last four quarters (trailing P/E), but sometimes it can be taken from the estimates of earnings expected in the next four quarters (projected on forward P/E). A third variation uses the sum of last two actual quarters and the estimates of the next quarter. Also sometimes known as “price multiple” or “earnings multiple.”
  • 4.
    4 MAHENDER MEHTA Wewill analyze the data for 10 years to effectively find out the money multiplier effect. We will use the following links to collect our sample data. S. NO. TYPE OF LINK LINKS 1 P/E RATIO BSE INDEX HISTORICAL LAST FIVE YEARS http://www.bseindia.com/markets/keystatics/Keystat_index.as px?expandable=2 2 P/E RATIO BSE INDEX HISTORICAL FROM 1999 10 2013 http://www.bseindia.com/markets/keystatics/Keystat_ratois.a spx?expandable=2 3 P/E RATIO NSE http://www.nseindia.com/products/content/equities/indices/his torical_pepb.htm The data collection methodology will include the following. 1. Go to the site of National Stock exchange (www.national stockexchange.com) and collect the data for P/E ratio for 1st year. 2. We take the data for 1 year as historical data is available for only 365 days in one year. (1-01-1999 to 31-12-1999) 3. Similarly we collect the data for 2nd year, 3rd year and so on up to 12 years. ANANLYTICAL APPROACH A stock market index is created by selecting a group of stocks that are representative of the whole market or a specified sector or segment of the market. An Index is calculated with reference to a base period and a base index value. An Index is used to give information about the price movements of products in the financial, commodities or any other markets. Financial indexes are constructed to measure price movements of stocks, bonds, T-bills and other forms of investments. Stock market indexes are meant to capture the overall behaviour of equity markets. Daily and historical values of Price/Earnings (P/E), Price/book Value (P/B) and Dividend Yields and Indices are taken into consideration.
  • 5.
    5 MAHENDER MEHTA TheCNX Nifty is a well diversified 50 stock index accounting for 23 sectors of the economy. It is used for a variety of purposes such as benchmarking fund portfolios, index based derivatives and index funds. CNX Nifty is owned and managed by India Index Services and Products Ltd. (IISL). IISL is India's first specialised company focused upon the index as a core product. The CNX Nifty Index represents about 66.85% of the free float market capitalization of the stocks listed on NSE as on June 30, 2014. 2. The details of data analysed for last six months is given below: 3. On the above lines data is analysed for ten years to get the following inputs. S. NO. INDICES/SECTORS TIME PERIOD DATE HIGHEST P/E RATIO DATE LOWEST P/E RATIO 1 CNX NIFTY 01-01-99-TO-12-06-2014 08-Jan-08 28.29 27-Oct-08 10.68 2 CNX NIFTY JUNIOR 01-01-99 TO-12-06-2014 04-Jan-08 27.71 25-Nov-08 7.44 3 NIFTY MIDCAP 01-01-04 TO-12-06-2014 07-Jan-08 24.41 27-Oct-08 6.43 HIGHEST, LOWEST & CURRENT P E RATIO OF INDICES
  • 6.
    6 MAHENDER MEHTA 4.For our data as defined below we can also find and demonstrate the mean and median of the data however it will not be used in our analytical approach. DATE P / E Ratio CNX NIFTY CNX NIFTYJUNIOR 01.01.1999 11.62 890 1530 03.01.2000 25.91 1592 4288 21.09.2001 12.3 854 1054 15.10.2007 25.77 5670 10250 24.10.2008 10.99 2584 4104 01.10.2010 25.54 6143 12846 Mean Median P / E Ratio 18.68833333 18.92 CNX NIFTY 2955.5 2088 CNX NIFTY JUNIOR 5678.666667 4196 The above data also shows that there is a boom period (when indices are rising) and there is bust period (when indices are falling). Generally boom period is of 5 years and bust period is of two years but it varies on many social economic factors. 5. Before we start our detailed calculations for finding the money multiplier factor or money multiplier effect, we have observed the following: ď‚· PE ratio of 10, 11, 12 are considered to be extremely cheap and PE ratio of 26, 27, 28 is considered to be quiet expensive. ď‚· One can consider investing lump sum at PE ratio of 10, 11, 12 and sell at PE ratio of 26, 27, 28. 6. Let us now start to find out money multi plier factor by using P/E ratio and CNX Nifty indices. Based on the above observations, we will find entry points and exit points in NIFTY and JUNIOR NIFTY from January 1, 1999 for 10 years, on the basis of PE ratio and calculate the amount accumulated and see the money multiplier effect, if we would have started investing with INR 1,00,000 (one lakhs). 6.1 On January 1, 1999, the P/E ratio was 11.62, therefore we will buy stock worth one lakh (Rs.100,000). Date P/E 01-Jan-99 11.62
  • 7.
    7 MAHENDER MEHTA Wewill buy ETF (Exchange Traded Fund). As per details given on Investopedia (http://www.investopedia.com/), by owning an ETF, you get the diversification of an index fund as well as the ability to sell short, buy on margin and purchase as little as one share. 6.2 On January 3, 2000, the P/E ratio is 25.91, we will sell the stock. 6.3 Let us see the value of stock on January 3, 2000. 6.3.1 The CNX NIFTY as on January 1, 1999 is 890.80 as shown in their historical data. We always take the closing value. Historical Data for CNX NIFTY For the period 01-01-1999 to 01-12-1999 Date Open High Low Close Shares Traded Turnover ( Cr) 01-Jan- 1999 886.75 892.20 882.60 890.80 31356585 807.26 04-Jan- 1999 896.40 905.45 895.75 897.80 32224833 811.39 6.3.2 The value of CNX NIFTY as on January 3, 2000 is 1592.20 as shown in their historical data. Historical Data for CNX NIFTY For the period 01-01-2000 to 12-01-2000 Date Open High Low Close Shares Traded Turnover ( Cr) 03-Jan-2000 1482.15 1592.90 1482.15 1592.20 2535832 2 884.15 04-Jan-2000 1594.40 1641.95 1594.40 1638.70 3878787 2 1973.69 Date P/E 03-Jan-00 25.91
  • 8.
    8 MAHENDER MEHTA 6.3.3This means that the value of our initial investment has gone up by 1592.20 / 890.80 = 1.787 times. Therefore the value of our money after selling the stock will be Rs.100,000 x 1.787 = Rs.178,700 = Rs.1.787 lakhs. 6.4 After this boom period, bust period will start, we therefore will keep the money in bank as Fixed Deposit for 18 months and earn the interest @ 7% (conservative rate). After selling the stock we will keep the money in bank, as per Mr Warren Edward Buffett – the American business magnate and investor, we should have low expectations, we do not have to achieve any targets and be a patient observer. 6.5 The value of our money after 18 months will be = Rs.1.787 x 1.07 x 1.04 (this is including interest of 7% for first year and interest of 4% for another six months). The value will be Rs.1.99 lakhs. 6.6 Again while observing the data, we find that P/E ratio as on September 21, 2001, was 12.3, we will therefore buy stock worth Rs.1.99 lakhs. After buying the stock we will wait and silently observe the P/E ratio with least expectation. 6.7 On October 15, 2007 the P/E ratio is 25.77; we will therefore sell the stocks. 6.8 Let us see the value of stock as on October 15, 2007 6.8.1 The CNX NIFTY as on September 21, 2001 is 854 as shown in their historical data. Historical Data for CNX NIFTY For the period 21-09-2001 to 27-09-2001 Date Open High Low Close Shares Traded Turnover ( Cr) 21-Sep- 2001 903.75 903.75 849.95 854.20 47900433 967.98 24-Sep- 2001 853.00 878.60 853.00 869.05 48761034 1030.18 Date P/E 21-Sep-01 12.3 Date P/E 15-Oct-07 25.77
  • 9.
    9 MAHENDER MEHTA 6.8.2The CNX NIFTY as on October 15, 2007 is 5670 as shown in their historical data. Historical Data for CNX NIFTY For the period 15-10-2007 to 30-10-2007 Date Open High Low Close Shares Traded Turnover ( Cr) 15-Oct-2007 5428.35 5682.65 5419.90 5670.40 16098728 8 10253.40 16-Oct-2007 5670.65 5708.35 5578.45 5668.05 17433918 9 11698.74 6.8.3 This means that the value of our investment has gone up by 5670.40 / 854.20 = 6.63 times. Therefore the value of our money after selling the stock will be Rs.1.99 x 6.63 = Rs.13.19 lakhs. Our money has multiplied by 13 times in less than eight years. 6.9 After selling the stock we will keep Rs.13.19 lakhs in bank as fixed deposit (FD) for one year and earn the interest @ 7% for one year and observe P/E ratio. 6.10 After one year the money will become Rs.13.19 x 1.07 = Rs.14.11 lakhs. 6.11 While observing P/E ratio we find value of 10.99 on October 24, 2008 6.12 At this P/E ratio, we will buy stock worth Rs.14.11 lakhs and be a silent observer of P/E ratio. 6.13 On October 1, 2010; the P/E ratio is 25.54 and we will sell the stock. Date P/E 24-Oct-08 10.99 Date P/E 01-Oct-10 25.54
  • 10.
    10 MAHENDER MEHTA 6.14Let us find out the value of stock after selling on October 1, 2010. 6.14.1 The CNX NIFTY as on October 24, 2008 is 2584 as shown in their historical data. Historical Data for CNX NIFTY For the period 24-10-2008 to 28-10-2008 Date Open High Low Close Shares Traded Turnover ( Cr) 24-Oct-2008 2936.25 2936.25 2525.05 2584.00 348595400 7843.42 27-Oct-2008 2583.75 2585.30 2252.75 2524.20 341552313 7012.78 6.14.2 The CNX NIFTY as on October 1, 2010 is 6143 as shown in their historical data. Historical Data for CNX NIFTY For the period 01-10-2010 to 04-10-2010 Date Open High Low Close Shares Traded Turnover ( Cr) 01-Oct-2010 6030.30 6153.10 6030.30 6143.40 179173861 8626.97 04-Oct-2010 6144.70 6222.10 6144.70 6159.45 184600423 7416.30 6.14.3 This means that the value of our investment has gone up by 6143.40 / 2584.00 = 2.37 times. Therefore the value of our money after selling the stock will be Rs 13.19 x 2.37 = Rs. 31.26 lakhs. 6.15 Our money of 1 lakh has multiplied by more than 30 times in ten years without any analysis / paralysis. Money multiplier factor is more than 30 in ten years by observing P/E ratio and CNX NIFTY.
  • 11.
    11 MAHENDER MEHTA 7.0Now we will find out the money multiplier factor by observing the P/E ratio and Junior Nifty indices. 7.1 The movement of P/E ratio, Price / Book value (P/B) and Dividend yield and indices with respect to Junior Nifty are given below 7.2 Based on the above observations, we will find entry points and exit points in JUNIOR NIFTY from January 1, 1999 for 10 years, on the basis of PE ratio and calculate the amount accumulated and see the money multiplier effect, if we would have started investing with INR 1,00,000 (one lakhs). 7.3 On January 1, 1999, the P/E ratio was 11.62, therefore we will buy stock worth one lakh (Rs.100,000). As per details given in investopedia (www.investopedia.com) the next rung of liquid securities after CNX Nifty is the CNX Nifty Junior. It may be useful to think of the CNX Nifty and the CNX Nifty Junior as making up the 100 most liquid stocks in India. As with the CNX Nifty, stocks in the CNX Nifty Junior are filtered for liquidity, so they are the most liquid of the stocks excluded from the CNX Nifty. The maintenance of the CNX Nifty and the CNX Nifty Junior are synchronized so that the two indices will 0 5 10 15 20 25 30 35 40 45 50 P/E P/B Div Yield Date P/E 01-Jan-99 11.62
  • 12.
    12 MAHENDER MEHTA alwaysbe disjoint sets; i.e. a stock will never appear in both indices at the same time. Hence it is always meaningful to pool the CNX Nifty and the CNX Nifty Junior into a composite 100 stock indexes or portfolio. We will buy ETF (Exchange Traded Fund). As per details given on Investopedia (http://www.investopedia.com/), by owning an ETF, you get the diversification of an index fund as well as the ability to sell short, buy on margin and purchase as little as one share. 7.4 On January 3, 2000, the P/E ratio is 25.91, we will sell the stock. 7.5 We will find out the value of stock after selling on January 3, 2000 by observing indices of CNX Nifty Junior. 7.5.1 The CNX NIFTY JUNIOR as on January 1, 1999 is 1530.10 as shown in their historical data shown below. We always take the closing value. Historical Data for CNX NIFTY JUNIOR For the period 01-01-1999 to 05-01-1999 Date Open High Low Close Shares Traded Turnover ( Cr) 01-Jan-1999 1523.65 1531.25 1517.30 1530.10 10498811 639.44 04-Jan-1999 1543.50 1563.70 1543.10 1552.50 12881260 740.39 7.5.2 The value of CNX NIFTY JUNIOR as on January 3, 2000 is 4288.60 as shown in their historical data shown below. Historical Data for CNX NIFTY JUNIOR For the period 03-01-2000 to 05-01-2000 Date Open High Low Close Shares Traded Turnover ( Cr) 03-Jan-2000 3998.25 4291.15 3998.25 4288.60 7002292 440.64 04-Jan-2000 4298.75 4515.15 4298.75 4488.20 14954843 1360.84 Date P/E 03-Jan-00 25.91
  • 13.
    13 MAHENDER MEHTA 7.5.3This means that the value of our initial investment has gone up by 4288.60 / 1530.10 = 2.80 times. Therefore the value of our money after selling the stock will be Rs.100,000 x 2,8 = Rs.280,000 = Rs.2.80 lakhs. 7.6 After selling the stocks on January 3, 2000; we will keep the money in bank as Fixed Deposit (FD) for eighteen months and earn interest on it. 7.6.1 The value of our money after 18 months will be = Rs.2.8 x 1.07 x 1.04 (this is including interest of 7% for first year and interest of 4% for another six months). The value will be Rs.3.11lakhs. 7.7 Again while observing the data, we find that P/E ratio as on September 21, 2001, was 12.3, we will therefore buy stock worth Rs.3.11 lakhs. After buying the stock we will wait and silently observe the P/E ratio with least expectation. 7.8 On October 15, 2007 the P/E ratio is 25.77; we will therefore sell the stocks. 7.9 Let us see the value of stock as on October 15, 2007. 7.9.1 The CNX NIFTY JUNIOR as on September 21, 2001 is 1054.80 as shown in their historical data. Historical Data for CNX NIFTY JUNIOR For the period 21-09-2001 to 24-09-2001 Date Open High Low Close Shares Traded Turnover ( Cr) 21-Sep- 2001 1076.40 1076.40 1046.45 1054.80 7132583 41.27 24-Sep- 2001 1055.15 1076.00 1053.90 1068.05 8118683 47.49 Date P/E 21-Sep-01 12.3 Date P/E 15-Oct-07 25.77
  • 14.
    14 MAHENDER MEHTA 7.9.2The CNX NIFTY JUNIOR as on October 15, 2007 is 10250.90 as shown in their historical data. Historical Data for CNX NIFTY JUNIOR For the period 15-10-2007 to 16-10-2007 Date Open High Low Close Shares Traded Turnover ( Cr) 15-Oct-2007 10027.9 10280.6 10027.9 10250.90 11120069 9 2085.22 16-Oct-2007 10236.6 10348.7 10135.6 10293.05 17859799 7 2923.48 7.10 This means that the value of our investment has gone up by 10250.90 / 1054.80 = 9.72 times. Therefore the value of our money after selling the stock will be Rs.3.11 x 9.72 = Rs.30.22 lakhs. Our money has multiplied by 30 times in less than eight years. 7.11 After selling the stock we will keep Rs.30.22 lakhs in bank as fixed deposit (FD) for one year and earn the interest @ 7% for one year and observe P/E ratio. 7.12 After one year the money will become Rs.30.22 x 1.07 = Rs.32.33 lakhs. 7.13 While observing P/E ratio we find value of 10.99 on October 24, 2008 7.14 At this P/E ratio, we will buy stock worth Rs.32.33 lakhs and be a silent observer of P/E ratio. 7.15 On October 1, 2010; the P/E ratio is 25.54 and we will sell the stock. Date P/E 24-Oct-08 10.99 Date P/E 01-Oct-10 25.54
  • 15.
    15 MAHENDER MEHTA 7.16Let us find out the value of stock after selling on October 1, 2010. 7.16.1 The CNX NIFTY JUNIOR as on October 24, 2008 is 4104.45 as shown in their historical data. Historical Data for CNX NIFTY JUNIOR For the period 24-10-2008 to 27-10-2008 Date Open High Low Close Shares Traded Turnover ( Cr) 24-Oct-2008 4505.50 4507.45 4064.80 4104.45 134941954 1833.49 27-Oct-2008 4060.65 4087.65 3603.20 3878.40 120976010 1306.51 7.16.2 The CNX NIFTY JUNIOR as on October 1, 2010 is 12846.35 as shown in their historical data. Historical Data for CNX NIFTY JUNIOR For the period 01-10-2010 to 04-10-2010 Date Open High Low Close Shares Traded Turnover ( Cr) 01-Oct-2010 12604.9 12857.5 12604.9 0 12846.35 13378399 0 2377.34 04-Oct-2010 12874.2 13022.0 12874.2 5 12997.00 12480281 1 2504.59 7.17 This means that the value of our investment has gone up by 12846.35 / 4104.45 = 3.13 times as on October 1, 2010. Therefore the value of our money after selling the stock will be Rs.32.33 x 3.13 = Rs.101.19 lakhs. 7.18 Our money of 1 lakh has multiplied by more than 100 times in ten years without any analysis / paralysis. Money multiplier factor is more than 100 in ten years by observing P/E ratio and CNX NIFTY JUNIOR.
  • 16.
    16 MAHENDER MEHTA CONCLUSIONS 1.By observing P / E ratio we are able to clearly see the entry point (when to buy stock) and exit point (when to sell stock). 2. With this process of entry and exit we are also able to see the multiplier effect if we buy and sell ETF of CNX NIFTY 3. Thru CNX NIFTY money multiplier is more than 30 times as shown in the graph below. 4. Thru CNX NIFTY JUNIOR money multiplier is more than 100 times as shown in the graph below. 0 5 10 15 20 25 30 35 Money Multiplier with CNX NIFTY 0 20 40 60 80 100 120 Money Multiplier with CNX NIFTY JUNIOR
  • 17.
    17 MAHENDER MEHTA APPENDIX SAMPLEDATA FOR FIRST YEAR - 1999 - Part 1 Date P/E Date P/E Date P/E Date P/E 01-Jan-99 11.62 22-Feb-99 12.66 12-Apr-99 15.31 31-May-99 18.01 04-Jan-99 11.72 23-Feb-99 12.61 13-Apr-99 15.25 01-Jun-99 18.25 05-Jan-99 11.84 24-Feb-99 12.72 15-Apr-99 14.87 02-Jun-99 18.27 06-Jan-99 12.11 25-Feb-99 12.68 16-Apr-99 16.04 03-Jun-99 18.75 07-Jan-99 12.46 26-Feb-99 12.51 17-Apr-99 14.85 04-Jun-99 17.45 08-Jan-99 12.92 27-Feb-99 13.04 19-Apr-99 15.26 07-Jun-99 17.48 11-Jan-99 12.86 01-Mar-99 13.5 20-Apr-99 15.29 08-Jun-99 17.82 12-Jan-99 12.59 03-Mar-99 13.98 21-Apr-99 15.31 09-Jun-99 17.58 13-Jan-99 12.54 04-Mar-99 13.83 22-Apr-99 15.08 10-Jun-99 17.57 14-Jan-99 12.46 05-Mar-99 14.01 23-Apr-99 15.08 11-Jun-99 17.25 15-Jan-99 12.19 08-Mar-99 14.25 26-Apr-99 14.3 14-Jun-99 17.03 18-Jan-99 12.33 09-Mar-99 14.33 28-Apr-99 14.49 15-Jun-99 16.93 19-Jan-99 12.06 10-Mar-99 14.35 29-Apr-99 14.84 16-Jun-99 17.35 21-Jan-99 12.84 11-Mar-99 14.09 30-Apr-99 15.02 17-Jun-99 17.78 22-Jan-99 12.71 12-Mar-99 14.26 03-May-99 14.95 18-Jun-99 17.76 25-Jan-99 12.61 15-Mar-99 14.28 04-May-99 15.53 21-Jun-99 18.17 27-Jan-99 12.9 16-Mar-99 14 05-May-99 15.73 22-Jun-99 18.35 28-Jan-99 12.68 17-Mar-99 14.1 06-May-99 16.15 23-Jun-99 18.03 29-Jan-99 12.83 18-Mar-99 14.29 07-May-99 16.4 24-Jun-99 17.85 01-Feb-99 12.48 19-Mar-99 14.13 10-May-99 16.88 25-Jun-99 17.79 02-Feb-99 12.36 20-Mar-99 14.1 11-May-99 17.21 28-Jun-99 18.02 03-Feb-99 12.64 22-Mar-99 14.13 12-May-99 17.14 29-Jun-99 18 04-Feb-99 12.48 23-Mar-99 14.27 13-May-99 17.71 30-Jun-99 17.91 05-Feb-99 12.43 24-Mar-99 14.13 14-May-99 17.98 01-Jul-99 17.84 08-Feb-99 12.17 25-Mar-99 14.03 17-May-99 17.77 02-Jul-99 18.06 09-Feb-99 12.28 26-Mar-99 13.85 18-May-99 17.9 05-Jul-99 18.55 10-Feb-99 12.74 30-Mar-99 14.02 19-May-99 18.22 06-Jul-99 18.72 11-Feb-99 12.75 31-Mar-99 16.53 20-May-99 18.01 07-Jul-99 18.75 12-Feb-99 12.88 01-Apr-99 16.31 21-May-99 17.69 08-Jul-99 18.76 15-Feb-99 12.67 05-Apr-99 15.51 24-May-99 18.08 09-Jul-99 18.91 16-Feb-99 12.73 06-Apr-99 15.71 25-May-99 18.16 12-Jul-99 19.83 17-Feb-99 12.87 07-Apr-99 15.81 26-May-99 18.28 13-Jul-99 19.92 18-Feb-99 12.92 08-Apr-99 15.65 27-May-99 17.32 14-Jul-99 20.18 19-Feb-99 12.96 09-Apr-99 15.24 28-May-99 17.2 15-Jul-99 19.92
  • 18.
    18 MAHENDER MEHTA SAMPLEDATA FOR FIRST YEAR – 1999 - Part 2 Date P/E Date P/E Date P/E Date P/E 16-Jul-99 20.02 02-Sep-99 20.85 22-Oct-99 22.27 09-Dec-99 23.56 19-Jul-99 20.4 03-Sep-99 20.84 23-Oct-99 22.57 10-Dec-99 23.43 20-Jul-99 19.87 06-Sep-99 21.07 25-Oct-99 22.21 13-Dec-99 23.23 21-Jul-99 20.26 07-Sep-99 20.96 26-Oct-99 22.02 14-Dec-99 22.75 22-Jul-99 20.39 08-Sep-99 21.73 27-Oct-99 21.99 15-Dec-99 22.8 23-Jul-99 20.46 09-Sep-99 21.69 28-Oct-99 21.31 16-Dec-99 23.1 26-Jul-99 20.18 10-Sep-99 21.6 29-Oct-99 20.65 17-Dec-99 23.1 27-Jul-99 19.94 14-Sep-99 21.28 01-Nov-99 19.78 20-Dec-99 23.15 28-Jul-99 20.09 15-Sep-99 21.34 02-Nov-99 20.75 21-Dec-99 23.13 29-Jul-99 20.18 16-Sep-99 20.98 03-Nov-99 20.66 22-Dec-99 24.11 30-Jul-99 19.94 17-Sep-99 21.11 04-Nov-99 20.83 23-Dec-99 24.22 02-Aug-99 19.63 20-Sep-99 21.06 05-Nov-99 21.26 24-Dec-99 23.74 03-Aug-99 19.53 21-Sep-99 20.95 07-Nov-99 21.34 27-Dec-99 23.3 04-Aug-99 20.18 22-Sep-99 21.51 09-Nov-99 21.36 28-Dec-99 23.47 05-Aug-99 20.13 23-Sep-99 21.68 10-Nov-99 21.64 29-Dec-99 24.02 06-Aug-99 20.03 24-Sep-99 21.91 11-Nov-99 21.65 30-Dec-99 24.09 09-Aug-99 20.2 27-Sep-99 21.55 12-Nov-99 21.41 10-Aug-99 19.83 28-Sep-99 21.39 15-Nov-99 21.24 11-Aug-99 19.92 29-Sep-99 21.99 16-Nov-99 21.16 12-Aug-99 19.83 30-Sep-99 21.96 17-Nov-99 21.1 13-Aug-99 19.56 01-Oct-99 21.81 18-Nov-99 21.28 16-Aug-99 19.83 04-Oct-99 21.33 19-Nov-99 21.25 17-Aug-99 20.03 05-Oct-99 21.42 22-Nov-99 21.46 18-Aug-99 20.64 06-Oct-99 21.73 24-Nov-99 21.76 19-Aug-99 20.37 07-Oct-99 22.94 25-Nov-99 21.98 20-Aug-99 20.4 08-Oct-99 23.08 26-Nov-99 21.84 23-Aug-99 20.74 11-Oct-99 23.16 29-Nov-99 21.6 24-Aug-99 20.94 12-Oct-99 23.16 30-Nov-99 21.47 25-Aug-99 20.79 13-Oct-99 23.35 01-Dec-99 21.69 26-Aug-99 21.25 14-Oct-99 23.49 02-Dec-99 22.01 27-Aug-99 21.48 15-Oct-99 22.65 03-Dec-99 22.15 30-Aug-99 21.56 18-Oct-99 22.48 06-Dec-99 22.54 31-Aug-99 21.4 20-Oct-99 23.01 07-Dec-99 22.58 01-Sep-99 21.38 21-Oct-99 22.63 08-Dec-99 23.41
  • 19.
    19 MAHENDER MEHTA SAMPLEDATA FOR SECOND YEAR - 2000 - PART 1 Date P/E Date P/E Date P/E Date P/E 03-Jan-00 25.91 11-Feb-00 28.47 24-Mar-00 25.09 08-May-00 20.47 04-Jan-00 26.67 14-Feb-00 28.29 27-Mar-00 24.99 09-May-00 20.68 05-Jan-00 25.97 15-Feb-00 27.19 28-Mar-00 25.08 10-May-00 20.57 06-Jan-00 26.32 16-Feb-00 27.32 29-Mar-00 25.08 11-May-00 19.68 07-Jan-00 26.25 17-Feb-00 27.82 30-Mar-00 24.94 12-May-00 19.36 10-Jan-00 26.57 18-Feb-00 27.43 31-Mar-00 24.6 15-May-00 19.54 11-Jan-00 25.59 21-Feb-00 28 03-Apr-00 24.7 16-May-00 19.66 12-Jan-00 26.44 22-Feb-00 27.77 04-Apr-00 22.99 17-May-00 19.88 13-Jan-00 26.38 23-Feb-00 27.09 05-Apr-00 23.09 18-May-00 19.44 14-Jan-00 26.41 24-Feb-00 27.66 06-Apr-00 23.39 19-May-00 19.05 17-Jan-00 26.22 25-Feb-00 27.29 07-Apr-00 25.06 22-May-00 18.53 18-Jan-00 26.15 28-Feb-00 27.49 10-Apr-00 25.96 23-May-00 18.4 19-Jan-00 26.6 29-Feb-00 26.36 11-Apr-00 25.72 24-May-00 20.69 20-Jan-00 26.05 01-Mar-00 27.35 12-Apr-00 25.21 25-May-00 20.89 21-Jan-00 26.37 02-Mar-00 27.09 13-Apr-00 23.98 26-May-00 21.35 24-Jan-00 26.26 03-Mar-00 26.47 17-Apr-00 21.74 29-May-00 21.95 25-Jan-00 25.81 06-Mar-00 26.99 18-Apr-00 21.31 30-May-00 22.34 27-Jan-00 26.1 07-Mar-00 27.22 19-Apr-00 21.07 31-May-00 22.96 28-Jan-00 26.02 08-Mar-00 26.64 20-Apr-00 21.23 01-Jun-00 22.46 31-Jan-00 25.16 09-Mar-00 26.32 24-Apr-00 20.82 02-Jun-00 23.13 01-Feb-00 25.13 10-Mar-00 25.62 25-Apr-00 20.39 05-Jun-00 23.38 02-Feb-00 25.75 13-Mar-00 24.95 26-Apr-00 21.54 06-Jun-00 23.67 03-Feb-00 25.91 14-Mar-00 25.05 27-Apr-00 21.25 07-Jun-00 23.7 04-Feb-00 25.94 15-Mar-00 25.9 28-Apr-00 21.1 08-Jun-00 24.25 07-Feb-00 26.54 16-Mar-00 24.97 02-May-00 20 09-Jun-00 24.31 08-Feb-00 26.96 21-Mar-00 24.89 03-May-00 19.74 12-Jun-00 23.87 09-Feb-00 27.4 22-Mar-00 25.41 04-May-00 20.71 13-Jun-00 23.74 10-Feb-00 27.75 23-Mar-00 24.83 05-May-00 21.33 14-Jun-00 23.79
  • 20.
    20 MAHENDER MEHTA SAMPLEDATA FOR SECOND YEAR – 2000 - PART 2 Date P/E Date P/E Date P/E Date P/E Date P/E 15-Jun-00 23.95 25-Jul-00 20.96 05-Sep-00 21.7 16-Oct-00 17.78 23-Nov-00 18.4 16-Jun-00 24.48 26-Jul-00 20.48 06-Sep-00 21.81 17-Oct-00 17.51 24-Nov-00 18.54 19-Jun-00 24.84 27-Jul-00 20.79 07-Sep-00 21.88 18-Oct-00 17.18 27-Nov-00 18.96 20-Jun-00 24.98 28-Jul-00 20.72 08-Sep-00 22.03 19-Oct-00 17.64 28-Nov-00 19.26 21-Jun-00 24.45 31-Jul-00 20.71 11-Sep-00 22.13 20-Oct-00 17.72 29-Nov-00 19.17 22-Jun-00 24.67 01-Aug-00 20.58 12-Sep-00 22.3 23-Oct-00 17.3 30-Nov-00 19.22 23-Jun-00 22.95 02-Aug-00 20.66 13-Sep-00 22.13 24-Oct-00 17.43 01-Dec-00 19.34 26-Jun-00 22.63 03-Aug-00 20.49 14-Sep-00 21.96 25-Oct-00 17.9 04-Dec-00 19.34 27-Jun-00 22.67 04-Aug-00 20.45 15-Sep-00 21.53 26-Oct-00 17.94 05-Dec-00 19.47 28-Jun-00 22.91 07-Aug-00 20.33 18-Sep-00 20.58 27-Oct-00 17.83 06-Dec-00 19.68 29-Jun-00 23.26 08-Aug-00 20.87 19-Sep-00 20.01 30-Oct-00 17.65 07-Dec-00 19.74 30-Jun-00 22.94 09-Aug-00 20.86 20-Sep-00 20.4 31-Oct-00 17.74 08-Dec-00 19.91 03-Jul-00 23.31 10-Aug-00 20.09 21-Sep-00 20.21 01-Nov-00 18.16 11-Dec-00 20.19 04-Jul-00 23.56 11-Aug-00 19.74 22-Sep-00 19.24 02-Nov-00 18.52 12-Dec-00 20.21 05-Jul-00 23.5 14-Aug-00 19.85 25-Sep-00 19.64 03-Nov-00 18.78 13-Dec-00 20.54 06-Jul-00 23.35 16-Aug-00 20.35 26-Sep-00 19.26 06-Nov-00 18.76 14-Dec-00 20.47 07-Jul-00 23.37 17-Aug-00 20.2 27-Sep-00 19.64 07-Nov-00 18.85 15-Dec-00 19.91 10-Jul-00 23.24 18-Aug-00 20.45 28-Sep-00 19.24 08-Nov-00 19.17 18-Dec-00 19.98 11-Jul-00 23.38 21-Aug-00 20.62 29-Sep-00 19.32 09-Nov-00 19.21 19-Dec-00 19.88 12-Jul-00 23.61 22-Aug-00 20.78 03-Oct-00 19.48 10-Nov-00 18.75 20-Dec-00 19.68 13-Jul-00 23.44 23-Aug-00 20.87 04-Oct-00 19.72 13-Nov-00 18.28 21-Dec-00 19.41 14-Jul-00 23.25 24-Aug-00 20.89 05-Oct-00 19.52 14-Nov-00 18.8 22-Dec-00 18.87 17-Jul-00 22.78 25-Aug-00 20.8 06-Oct-00 19.52 15-Nov-00 18.87 26-Dec-00 18.42 18-Jul-00 22.53 28-Aug-00 20.63 09-Oct-00 19.26 16-Nov-00 18.66 27-Dec-00 18.67 19-Jul-00 22.11 29-Aug-00 20.58 10-Oct-00 18.83 17-Nov-00 18.7 28-Dec-00 18.98 20-Jul-00 21.93 30-Aug-00 20.7 11-Oct-00 18.26 20-Nov-00 18.72 29-Dec-00 19.2 21-Jul-00 21.51 31-Aug-00 20.97 12-Oct-00 18.33 21-Nov-00 18.68 24-Jul-00 20.47 04-Sep-00 21.69 13-Oct-00 18.01 22-Nov-00 18.49
  • 21.
    21 MAHENDER MEHTA SAMPLEDATA FOR THIRD YEAR – 2001 - Part 1 Date P/E Date P/E Date P/E Date P/E 01-Jan-01 19.06 14-Feb-01 20.89 30-Mar-01 17.21 17-May-01 15.95 02-Jan-01 19.33 15-Feb-01 21.24 02-Apr-01 17.05 18-May-01 15.92 03-Jan-01 19.62 16-Feb-01 20.71 03-Apr-01 17.22 21-May-01 15.98 04-Jan-01 19.87 19-Feb-01 20.76 04-Apr-01 17.07 22-May-01 15.96 05-Jan-01 20.17 20-Feb-01 20.73 06-Apr-01 17.11 23-May-01 16.11 08-Jan-01 19.9 21-Feb-01 20.52 09-Apr-01 16.94 24-May-01 16.13 09-Jan-01 19.93 22-Feb-01 20.3 10-Apr-01 15.94 25-May-01 16.15 10-Jan-01 19.56 23-Feb-01 19.78 11-Apr-01 15.41 28-May-01 16.4 11-Jan-01 19.46 26-Feb-01 19.66 12-Apr-01 14.73 29-May-01 16.47 12-Jan-01 19.55 27-Feb-01 19.41 16-Apr-01 15.02 30-May-01 15.98 15-Jan-01 20.85 28-Feb-01 20.24 17-Apr-01 15.34 31-May-01 15.8 16-Jan-01 20.95 01-Mar-01 20.34 18-Apr-01 15.86 01-Jun-01 15.47 17-Jan-01 21.03 02-Mar-01 19.57 19-Apr-01 16.45 04-Jun-01 15.25 18-Jan-01 21.16 05-Mar-01 19.04 20-Apr-01 16.45 05-Jun-01 15.08 19-Jan-01 21.53 07-Mar-01 19.35 23-Apr-01 16.53 06-Jun-01 15.12 22-Jan-01 21.84 08-Mar-01 19.38 24-Apr-01 16.48 07-Jun-01 15.07 23-Jan-01 21.96 09-Mar-01 18.81 25-Apr-01 16.61 08-Jun-01 15.26 24-Jan-01 22.13 12-Mar-01 17.96 26-Apr-01 16.38 11-Jun-01 15.32 25-Jan-01 22.2 13-Mar-01 16.86 27-Apr-01 14.44 12-Jun-01 15.27 29-Jan-01 21.74 14-Mar-01 17.9 30-Apr-01 14.57 13-Jun-01 15.3 30-Jan-01 22.35 15-Mar-01 18.25 02-May-01 14.63 14-Jun-01 15.54 31-Jan-01 22.22 16-Mar-01 17.89 03-May-01 15.01 15-Jun-01 15.19 01-Feb-01 22.02 19-Mar-01 17.79 04-May-01 15.4 18-Jun-01 15.07 02-Feb-01 22.34 20-Mar-01 17.55 07-May-01 15.46 19-Jun-01 15.35 05-Feb-01 22.4 21-Mar-01 18.1 08-May-01 15.6 20-Jun-01 15.62 06-Feb-01 22.47 22-Mar-01 17.8 09-May-01 15.6 21-Jun-01 15.59 07-Feb-01 22.22 23-Mar-01 17.41 10-May-01 15.55 22-Jun-01 15.48 08-Feb-01 22.62 26-Mar-01 17.41 11-May-01 15.49 25-Jun-01 15.19 09-Feb-01 22.78 27-Mar-01 17.65 14-May-01 15.49 26-Jun-01 15.61 12-Feb-01 22.73 28-Mar-01 18.07 15-May-01 15.55 27-Jun-01 15.59 13-Feb-01 22.55 29-Mar-01 17.91 16-May-01 15.63 28-Jun-01 15.56
  • 22.
    22 MAHENDER MEHTA SAMPLEDATA FOR THIRD YEAR – 2001 - Part 2 Date P/E Date P/E Date P/E Date P/E 29-Jun-01 15.76 13-Aug-01 15.19 27-Sep-01 12.81 13-Nov-01 14.57 02-Jul-01 15.65 14-Aug-01 15.37 28-Sep-01 13.16 14-Nov-01 14.72 03-Jul-01 15.21 16-Aug-01 15.42 01-Oct-01 13.1 15-Nov-01 15.01 04-Jul-01 15.19 17-Aug-01 15.28 03-Oct-01 12.95 19-Nov-01 15.48 05-Jul-01 15.21 20-Aug-01 15.21 04-Oct-01 13.13 20-Nov-01 15.22 06-Jul-01 15.15 21-Aug-01 15.28 05-Oct-01 13.17 21-Nov-01 15.31 09-Jul-01 15.07 23-Aug-01 15.32 08-Oct-01 12.98 22-Nov-01 15.4 10-Jul-01 15.25 24-Aug-01 15.28 09-Oct-01 13.14 23-Nov-01 15.35 11-Jul-01 15.41 27-Aug-01 15.37 10-Oct-01 13.54 26-Nov-01 15.66 12-Jul-01 15.72 28-Aug-01 15.35 11-Oct-01 13.75 27-Nov-01 15.59 13-Jul-01 15.79 29-Aug-01 15.3 12-Oct-01 13.83 28-Nov-01 15.52 16-Jul-01 15.72 30-Aug-01 15.25 15-Oct-01 13.87 29-Nov-01 15.46 17-Jul-01 15.69 31-Aug-01 15.1 16-Oct-01 13.98 03-Dec-01 15.44 18-Jul-01 15.53 03-Sep-01 15.02 17-Oct-01 14.2 04-Dec-01 15.62 19-Jul-01 15.44 04-Sep-01 15.02 18-Oct-01 13.99 05-Dec-01 16.01 20-Jul-01 15.33 05-Sep-01 14.98 19-Oct-01 14.16 06-Dec-01 16.09 23-Jul-01 15.23 06-Sep-01 14.85 22-Oct-01 14.15 07-Dec-01 16.12 24-Jul-01 15.25 07-Sep-01 14.84 23-Oct-01 14.4 10-Dec-01 16.16 25-Jul-01 15.13 10-Sep-01 14.81 24-Oct-01 14.38 11-Dec-01 16.09 26-Jul-01 14.93 11-Sep-01 14.67 25-Oct-01 14.26 12-Dec-01 16.05 27-Jul-01 14.9 12-Sep-01 14.14 29-Oct-01 14.18 13-Dec-01 15.92 30-Jul-01 15.04 13-Sep-01 13.99 30-Oct-01 13.99 14-Dec-01 15.76 31-Jul-01 15.15 14-Sep-01 13.24 31-Oct-01 13.79 18-Dec-01 15.68 01-Aug-01 15.01 17-Sep-01 12.56 01-Nov-01 14.11 19-Dec-01 15.37 02-Aug-01 15.05 18-Sep-01 12.96 02-Nov-01 14.16 20-Dec-01 15.39 03-Aug-01 15.18 19-Sep-01 13.13 05-Nov-01 14.06 21-Dec-01 15.23 06-Aug-01 15.18 20-Sep-01 12.94 06-Nov-01 14.22 24-Dec-01 15.19 07-Aug-01 15.14 21-Sep-01 12.3 07-Nov-01 14.01 26-Dec-01 14.99 08-Aug-01 15.08 24-Sep-01 12.51 08-Nov-01 14.16 27-Dec-01 14.78 09-Aug-01 15.12 25-Sep-01 12.4 09-Nov-01 14.55 28-Dec-01 14.98 10-Aug-01 15.31 26-Sep-01 12.58 12-Nov-01 14.65 31-Dec-01 15.35
  • 23.
    23 MAHENDER MEHTA SAMPLEDATA FOR FOURTH YEAR – 2002 - Part 1 Date P/E Date P/E Date P/E Date P/E 01-Jan-02 15.29 13-Feb-02 18.28 01-Apr-02 18.25 15-May-02 17.87 02-Jan-02 15.37 14-Feb-02 18.52 02-Apr-02 18.22 16-May-02 17.63 03-Jan-02 15.54 15-Feb-02 18.68 03-Apr-02 18 17-May-02 17.49 04-Jan-02 15.89 18-Feb-02 18.88 04-Apr-02 18.36 20-May-02 17.23 07-Jan-02 15.94 19-Feb-02 18.66 05-Apr-02 18.3 21-May-02 16.82 08-Jan-02 16.09 20-Feb-02 18.44 08-Apr-02 17.91 22-May-02 16.6 09-Jan-02 15.98 21-Feb-02 18.5 09-Apr-02 17.78 23-May-02 16.31 10-Jan-02 15.91 22-Feb-02 18.72 10-Apr-02 18.01 24-May-02 16.95 11-Jan-02 15.78 25-Feb-02 18.76 11-Apr-02 18.09 27-May-02 16.88 14-Jan-02 16.08 26-Feb-02 19.14 12-Apr-02 18.14 28-May-02 16.49 15-Jan-02 15.61 27-Feb-02 19.14 15-Apr-02 17.94 29-May-02 16.54 16-Jan-02 15.56 28-Feb-02 18.38 16-Apr-02 17.7 30-May-02 16.72 17-Jan-02 17.57 01-Mar-02 18.96 17-Apr-02 17.8 31-May-02 16.19 18-Jan-02 17.32 04-Mar-02 18.97 18-Apr-02 18.49 03-Jun-02 16.39 21-Jan-02 17.29 05-Mar-02 18.99 19-Apr-02 18.02 04-Jun-02 16.48 22-Jan-02 17.31 06-Mar-02 18.79 22-Apr-02 18.02 05-Jun-02 16.78 23-Jan-02 17.26 07-Mar-02 19.11 23-Apr-02 18.05 06-Jun-02 16.42 24-Jan-02 17.19 08-Mar-02 19.03 24-Apr-02 18.16 07-Jun-02 16.18 25-Jan-02 17.06 11-Mar-02 18.71 25-Apr-02 17.85 10-Jun-02 16.51 28-Jan-02 16.93 12-Mar-02 18.43 26-Apr-02 17.9 11-Jun-02 16.93 29-Jan-02 16.93 13-Mar-02 18.54 29-Apr-02 17.69 12-Jun-02 16.87 30-Jan-02 16.87 14-Mar-02 18.58 30-Apr-02 17.86 13-Jun-02 16.72 31-Jan-02 16.99 15-Mar-02 18.74 02-May-02 18.08 14-Jun-02 16.74 01-Feb-02 17.42 18-Mar-02 18.73 03-May-02 18.04 17-Jun-02 16.8 04-Feb-02 17.34 19-Mar-02 18.46 06-May-02 18.1 18-Jun-02 16.58 05-Feb-02 17.3 20-Mar-02 18.51 07-May-02 18.26 19-Jun-02 16.4 06-Feb-02 17.92 21-Mar-02 18.33 08-May-02 18.38 20-Jun-02 15.86 07-Feb-02 17.88 22-Mar-02 18.24 09-May-02 18.54 21-Jun-02 15.75 08-Feb-02 18.09 26-Mar-02 17.99 10-May-02 18.36 24-Jun-02 15.74 11-Feb-02 18.22 27-Mar-02 18 13-May-02 18.16 25-Jun-02 15.64 12-Feb-02 18.19 28-Mar-02 18.1 14-May-02 17.99 26-Jun-02 15.48
  • 24.
    24 MAHENDER MEHTA SAMPLEDATA FOR FOURTH YEAR - Part 2 Date P/E Date P/E Date P/E Date P/E 27-Jun-02 15.56 09-Aug-02 14.31 25-Sep-02 14.43 12-Nov-02 14.6 28-Jun-02 15.73 12-Aug-02 14.43 26-Sep-02 14.43 13-Nov-02 14.64 01-Jul-02 15.9 13-Aug-02 14.52 27-Sep-02 14.53 14-Nov-02 14.78 02-Jul-02 15.88 14-Aug-02 14.43 30-Sep-02 14.33 15-Nov-02 15.06 03-Jul-02 15.91 16-Aug-02 14.57 01-Oct-02 14.21 18-Nov-02 15.16 04-Jul-02 15.92 19-Aug-02 14.58 03-Oct-02 14.11 20-Nov-02 15.23 05-Jul-02 15.97 20-Aug-02 14.71 04-Oct-02 14.11 21-Nov-02 15.34 08-Jul-02 16.09 21-Aug-02 14.71 07-Oct-02 14.21 22-Nov-02 13.84 09-Jul-02 16.07 22-Aug-02 14.66 08-Oct-02 14.3 25-Nov-02 13.92 10-Jul-02 15.94 23-Aug-02 14.81 09-Oct-02 14.21 26-Nov-02 14.05 11-Jul-02 15.71 26-Aug-02 14.86 10-Oct-02 14.22 27-Nov-02 13.98 12-Jul-02 15.74 27-Aug-02 14.7 11-Oct-02 14.4 28-Nov-02 14.24 15-Jul-02 15.59 28-Aug-02 14.67 14-Oct-02 14.42 29-Nov-02 14.24 16-Jul-02 15.41 29-Aug-02 14.69 16-Oct-02 14.44 02-Dec-02 14.48 17-Jul-02 15.36 30-Aug-02 15.04 17-Oct-02 14.44 03-Dec-02 14.31 18-Jul-02 15.49 02-Sep-02 15.08 18-Oct-02 14.41 04-Dec-02 14.06 19-Jul-02 15.41 03-Sep-02 14.9 21-Oct-02 14.35 05-Dec-02 14.19 22-Jul-02 15.05 04-Sep-02 14.98 22-Oct-02 14.28 06-Dec-02 14.51 23-Jul-02 15.2 05-Sep-02 15.01 23-Oct-02 14.2 09-Dec-02 14.36 24-Jul-02 14.93 06-Sep-02 14.81 24-Oct-02 14.05 10-Dec-02 14.43 25-Jul-02 14.9 09-Sep-02 14.86 25-Oct-02 13.83 11-Dec-02 14.51 26-Jul-02 14.48 11-Sep-02 14.86 28-Oct-02 14.03 12-Dec-02 14.61 29-Jul-02 14.45 12-Sep-02 14.9 29-Oct-02 14.25 13-Dec-02 14.73 30-Jul-02 14.29 13-Sep-02 14.76 30-Oct-02 14.26 16-Dec-02 14.63 31-Jul-02 14.26 16-Sep-02 14.67 31-Oct-02 14.47 17-Dec-02 14.56 01-Aug-02 14.24 17-Sep-02 14.8 01-Nov-02 14.47 18-Dec-02 14.62 02-Aug-02 14.2 18-Sep-02 14.63 04-Nov-02 14.63 19-Dec-02 14.59 05-Aug-02 14.33 19-Sep-02 14.52 05-Nov-02 14.63 20-Dec-02 14.64 06-Aug-02 14.38 20-Sep-02 14.43 07-Nov-02 14.61 23-Dec-02 14.59 07-Aug-02 14.41 23-Sep-02 14.44 08-Nov-02 14.55 24-Dec-02 14.72 08-Aug-02 14.19 24-Sep-02 14.38 11-Nov-02 14.51 26-Dec-02 14.85
  • 25.
    25 MAHENDER MEHTA SAMPLEDATA FOR FIFTH YEAR – 2003 - Part 1 Date P/E Date P/E Date P/E Date P/E 01-Jan-03 14.92 14-Feb-03 14.05 01-Apr-03 13.44 19-May-03 11.19 02-Jan-03 14.82 17-Feb-03 14.35 02-Apr-03 13.65 20-May-03 11.25 03-Jan-03 14.78 18-Feb-03 14.37 03-Apr-03 13.78 21-May-03 11.21 06-Jan-03 14.71 19-Feb-03 14.43 04-Apr-03 13.89 22-May-03 11.15 07-Jan-03 14.67 20-Feb-03 14.45 07-Apr-03 14.09 23-May-03 11.2 08-Jan-03 14.77 21-Feb-03 14.46 08-Apr-03 13.91 26-May-03 11.37 09-Jan-03 14.88 24-Feb-03 14.51 09-Apr-03 13.73 27-May-03 11.47 10-Jan-03 14.65 25-Feb-03 14.32 10-Apr-03 13.14 28-May-03 11.31 13-Jan-03 14.56 26-Feb-03 14.24 11-Apr-03 12.97 29-May-03 11.61 14-Jan-03 14.63 27-Feb-03 14.28 15-Apr-03 12.99 30-May-03 11.65 15-Jan-03 14.72 28-Feb-03 14.42 16-Apr-03 13.09 02-Jun-03 11.59 16-Jan-03 14.76 03-Mar-03 14.36 17-Apr-03 12.85 03-Jun-03 11.54 17-Jan-03 14.74 04-Mar-03 14.24 21-Apr-03 12.94 04-Jun-03 11.66 20-Jan-03 14.6 05-Mar-03 14.16 22-Apr-03 12.89 05-Jun-03 11.82 21-Jan-03 14.62 06-Mar-03 14.03 23-Apr-03 12.76 06-Jun-03 11.95 22-Jan-03 14.69 07-Mar-03 13.84 24-Apr-03 12.7 09-Jun-03 12.01 23-Jan-03 14.52 10-Mar-03 13.7 25-Apr-03 12.63 10-Jun-03 11.85 24-Jan-03 14.32 11-Mar-03 13.81 28-Apr-03 12.7 11-Jun-03 11.92 27-Jan-03 14.07 12-Mar-03 13.63 29-Apr-03 12.73 12-Jun-03 12 28-Jan-03 14.19 13-Mar-03 13.6 30-Apr-03 13.14 13-Jun-03 12.06 29-Jan-03 14.07 17-Mar-03 13.51 02-May-03 10.86 16-Jun-03 12.01 30-Jan-03 14.03 19-Mar-03 13.71 05-May-03 10.94 17-Jun-03 12.35 31-Jan-03 14.13 20-Mar-03 14 06-May-03 11.02 18-Jun-03 12.41 03-Feb-03 14.31 21-Mar-03 14.08 07-May-03 11 19-Jun-03 12.47 04-Feb-03 14.31 22-Mar-03 14.17 08-May-03 10.9 20-Jun-03 12.56 05-Feb-03 14.21 24-Mar-03 13.85 09-May-03 10.86 23-Jun-03 12.44 06-Feb-03 14.42 25-Mar-03 13.81 12-May-03 10.84 24-Jun-03 12.39 07-Feb-03 14.34 26-Mar-03 13.85 13-May-03 10.93 25-Jun-03 12.64 10-Feb-03 14.22 27-Mar-03 13.69 14-May-03 11.02 26-Jun-03 12.75 11-Feb-03 14.21 28-Mar-03 13.67 15-May-03 11.11 27-Jun-03 12.85 12-Feb-03 14.17 31-Mar-03 13.36 16-May-03 11.26 30-Jun-03 12.95
  • 26.
    26 MAHENDER MEHTA SAMPLEDATA FOR FIFTH YEAR – 2003 - Part 2 Date P/E Date P/E Date P/E Date P/E 01-Jul-03 12.32 13-Aug-03 13.74 26-Sep-03 15.28 10-Nov-03 17.58 02-Jul-03 12.35 14-Aug-03 13.75 29-Sep-03 15.43 11-Nov-03 17.65 03-Jul-03 12.47 18-Aug-03 14.12 30-Sep-03 15.61 12-Nov-03 17.68 04-Jul-03 12.4 19-Aug-03 14.08 01-Oct-03 15.66 13-Nov-03 17.42 07-Jul-03 12.43 20-Aug-03 14.19 03-Oct-03 15.97 14-Nov-03 17.09 08-Jul-03 12.49 21-Aug-03 14.33 06-Oct-03 16.3 15-Nov-03 17.23 09-Jul-03 12.43 22-Aug-03 14.45 07-Oct-03 16.28 17-Nov-03 17.42 10-Jul-03 12.66 25-Aug-03 14.01 08-Oct-03 16.29 18-Nov-03 17.24 11-Jul-03 12.66 26-Aug-03 14.52 09-Oct-03 16.55 19-Nov-03 16.98 14-Jul-03 12.76 27-Aug-03 14.77 10-Oct-03 16.78 20-Nov-03 16.78 15-Jul-03 12.64 28-Aug-03 14.78 13-Oct-03 17.04 21-Nov-03 16.98 16-Jul-03 12.73 29-Aug-03 14.95 14-Oct-03 16.76 24-Nov-03 17.02 17-Jul-03 12.55 01-Sep-03 15.16 15-Oct-03 16.94 25-Nov-03 17.29 18-Jul-03 12.42 02-Sep-03 15.27 16-Oct-03 17.14 27-Nov-03 17.62 21-Jul-03 12.16 03-Sep-03 14.98 17-Oct-03 17.29 28-Nov-03 17.81 22-Jul-03 12 04-Sep-03 15.13 20-Oct-03 17 01-Dec-03 18.27 23-Jul-03 12.1 05-Sep-03 15.41 21-Oct-03 16.6 02-Dec-03 18.29 24-Jul-03 12.32 08-Sep-03 15.62 22-Oct-03 16.46 03-Dec-03 18.42 25-Jul-03 12.58 09-Sep-03 15.5 23-Oct-03 16.21 04-Dec-03 18.47 28-Jul-03 12.65 10-Sep-03 15.53 24-Oct-03 16.6 05-Dec-03 18.15 29-Jul-03 12.71 11-Sep-03 15.46 25-Oct-03 16.78 08-Dec-03 18.15 30-Jul-03 12.81 12-Sep-03 15.12 27-Oct-03 16.37 09-Dec-03 18.48 31-Jul-03 12.84 15-Sep-03 14.65 28-Oct-03 16.33 10-Dec-03 18.6 01-Aug-03 12.95 16-Sep-03 14.96 29-Oct-03 16.52 11-Dec-03 18.69 04-Aug-03 13.26 17-Sep-03 14.78 30-Oct-03 16.72 12-Dec-03 18.73 05-Aug-03 13.05 18-Sep-03 14.35 31-Oct-03 17.15 15-Dec-03 19.01 06-Aug-03 12.9 19-Sep-03 14.57 03-Nov-03 17.65 16-Dec-03 19.15 07-Aug-03 13.19 22-Sep-03 14.36 04-Nov-03 17.84 17-Dec-03 19.11 08-Aug-03 13.47 23-Sep-03 14.64 05-Nov-03 17.74 18-Dec-03 19.37 11-Aug-03 13.58 24-Sep-03 15.12 06-Nov-03 17.77 19-Dec-03 19.61 12-Aug-03 13.61 25-Sep-03 14.95 07-Nov-03 17.55 22-Dec-03 19.73
  • 27.
    27 MAHENDER MEHTA SAMPLEDATA FOR SIXTH YEAR – 2004 - Part 1 Date P/E Date P/E Date P/E Date P/E 01-Jan-04 21.09 17-Feb-04 21.05 01-Apr-04 21.27 18-May-04 13.94 02-Jan-04 21.46 18-Feb-04 21.01 02-Apr-04 21.53 19-May-04 14.41 05-Jan-04 21.56 19-Feb-04 20.38 05-Apr-04 21.71 20-May-04 13.99 06-Jan-04 21.25 20-Feb-04 20.31 06-Apr-04 21.64 21-May-04 14.14 07-Jan-04 21.14 23-Feb-04 19.83 07-Apr-04 21.61 24-May-04 13.9 08-Jan-04 21.71 24-Feb-04 19.97 08-Apr-04 21.67 25-May-04 13.88 09-Jan-04 21.75 25-Feb-04 19.6 12-Apr-04 19.04 26-May-04 13.75 12-Jan-04 21.46 26-Feb-04 19.37 13-Apr-04 19.46 27-May-04 13.65 13-Jan-04 21.66 27-Feb-04 19.74 15-Apr-04 19.29 28-May-04 12.98 14-Jan-04 21.86 01-Mar-04 21.57 16-Apr-04 19.36 31-May-04 11.94 15-Jan-04 21.44 03-Mar-04 21.72 17-Apr-04 19.35 01-Jun-04 12.14 16-Jan-04 20.96 04-Mar-04 21.53 19-Apr-04 19.1 02-Jun-04 12.36 19-Jan-04 21.35 05-Mar-04 21.81 20-Apr-04 19.11 03-Jun-04 12.04 20-Jan-04 20.88 08-Mar-04 22.01 21-Apr-04 19.41 04-Jun-04 12.25 21-Jan-04 20.13 09-Mar-04 21.79 22-Apr-04 19.58 07-Jun-04 12.42 22-Jan-04 19.53 10-Mar-04 21.54 23-Apr-04 19.68 08-Jun-04 12.48 23-Jan-04 20.38 11-Mar-04 21.08 27-Apr-04 18.9 09-Jun-04 12.47 27-Jan-04 21.01 12-Mar-04 21.16 28-Apr-04 18.89 10-Jun-04 12.44 28-Jan-04 20.55 15-Mar-04 20.59 29-Apr-04 18.82 11-Jun-04 12.14 29-Jan-04 20.34 16-Mar-04 20.43 30-Apr-04 18.68 14-Jun-04 11.84 30-Jan-04 19.96 17-Mar-04 20.44 03-May-04 16.62 15-Jun-04 12 03-Feb-04 19.55 18-Mar-04 20.05 04-May-04 16.87 16-Jun-04 12.01 04-Feb-04 20.14 19-Mar-04 20.15 05-May-04 16.86 17-Jun-04 12.15 05-Feb-04 19.94 22-Mar-04 19.68 06-May-04 17.04 18-Jun-04 11.98 06-Feb-04 20.27 23-Mar-04 19.81 07-May-04 16.77 21-Jun-04 11.91 09-Feb-04 20.78 24-Mar-04 19.76 10-May-04 16.38 22-Jun-04 11.85 10-Feb-04 20.79 25-Mar-04 19.91 11-May-04 15.74 23-Jun-04 11.62 11-Feb-04 20.71 26-Mar-04 20.41 12-May-04 15.86 24-Jun-04 11.82 12-Feb-04 20.64 29-Mar-04 20.58 13-May-04 15.91 25-Jun-04 11.96 13-Feb-04 20.95 30-Mar-04 20.44 14-May-04 14.66 28-Jun-04 12.71 16-Feb-04 20.98 31-Mar-04 20.7 17-May-04 12.87 29-Jun-04 12.74
  • 28.
    28 MAHENDER MEHTA SAMPLEDATA FOR SIXTH YEAR – 2004 - Part 2 Date P/E Date P/E Date P/E Date P/E 01-Jul-04 12.9 13-Aug-04 13.36 27-Sep-04 14.35 10-Nov-04 15.68 02-Jul-04 12.9 16-Aug-04 13.36 28-Sep-04 14.21 11-Nov-04 15.64 05-Jul-04 12.72 17-Aug-04 13.41 29-Sep-04 14.44 12-Nov-04 15.66 06-Jul-04 12.98 18-Aug-04 13.22 30-Sep-04 14.59 16-Nov-04 15.71 07-Jul-04 13.05 19-Aug-04 13.45 01-Oct-04 14.84 17-Nov-04 15.79 08-Jul-04 12.64 20-Aug-04 13.29 04-Oct-04 15.09 18-Nov-04 15.82 09-Jul-04 12.94 23-Aug-04 13.19 05-Oct-04 15.15 19-Nov-04 15.65 12-Jul-04 12.97 24-Aug-04 13.3 06-Oct-04 15 22-Nov-04 15.66 13-Jul-04 12.82 25-Aug-04 13.34 07-Oct-04 15.17 23-Nov-04 15.84 14-Jul-04 12.68 26-Aug-04 13.46 08-Oct-04 15.21 24-Nov-04 15.93 15-Jul-04 12.82 27-Aug-04 13.45 09-Oct-04 15.19 25-Nov-04 15.91 16-Jul-04 12.98 30-Aug-04 13.61 11-Oct-04 15.11 29-Nov-04 16.23 19-Jul-04 13.09 31-Aug-04 13.64 12-Oct-04 14.93 30-Nov-04 16.39 20-Jul-04 13.05 01-Sep-04 13.67 14-Oct-04 15 01-Dec-04 16.42 21-Jul-04 13.17 02-Sep-04 13.62 15-Oct-04 15 02-Dec-04 16.73 22-Jul-04 13.31 03-Sep-04 13.66 18-Oct-04 14.93 03-Dec-04 16.71 23-Jul-04 13.34 06-Sep-04 13.74 19-Oct-04 15.11 06-Dec-04 16.68 26-Jul-04 13.51 07-Sep-04 13.79 20-Oct-04 14.96 07-Dec-04 16.68 27-Jul-04 13.37 08-Sep-04 13.84 21-Oct-04 14.87 08-Dec-04 16.56 28-Jul-04 13.31 09-Sep-04 13.78 25-Oct-04 14.69 09-Dec-04 16.66 29-Jul-04 13.52 10-Sep-04 13.95 26-Oct-04 14.89 10-Dec-04 16.54 30-Jul-04 13.63 13-Sep-04 14 27-Oct-04 14.91 13-Dec-04 16.68 02-Aug-04 13.69 14-Sep-04 14.09 28-Oct-04 15.04 14-Dec-04 16.86 03-Aug-04 13.62 15-Sep-04 14.07 29-Oct-04 14.93 15-Dec-04 17.04 04-Aug-04 13.58 16-Sep-04 14.25 01-Nov-04 15.03 16-Dec-04 17.08 05-Aug-04 13.82 17-Sep-04 14.49 02-Nov-04 15.16 17-Dec-04 16.91 06-Aug-04 13.64 20-Sep-04 14.45 03-Nov-04 15.36 20-Dec-04 14.92 09-Aug-04 13.72 21-Sep-04 14.63 04-Nov-04 15.34 21-Dec-04 15.05 10-Aug-04 13.8 22-Sep-04 14.66 05-Nov-04 15.48 22-Dec-04 14.98 11-Aug-04 13.55 23-Sep-04 14.42 08-Nov-04 15.57 23-Dec-04 15.06 12-Aug-04 13.43 24-Sep-04 14.39 09-Nov-04 15.54 24-Dec-04 15.19
  • 29.
    29 MAHENDER MEHTA SAMPLEDATA FOR SEVENTH YEAR – 2005 - Part 1 Date P/E Date P/E Date P/E Date P/E 03-Jan-05 15.57 17-Feb-05 14.34 04-Apr-05 14.81 18-May-05 13.74 04-Jan-05 15.49 18-Feb-05 14.29 05-Apr-05 14.71 19-May-05 13.74 05-Jan-05 14.96 21-Feb-05 14.21 06-Apr-05 14.83 20-May-05 13.73 06-Jan-05 14.71 22-Feb-05 14.31 07-Apr-05 14.71 23-May-05 13.88 07-Jan-05 14.84 23-Feb-05 14.3 08-Apr-05 14.56 24-May-05 13.98 10-Jan-05 14.58 24-Feb-05 14.29 11-Apr-05 14.39 25-May-05 13.75 11-Jan-05 14.37 25-Feb-05 14.71 12-Apr-05 14.65 26-May-05 13.95 12-Jan-05 14.05 28-Feb-05 15.02 13-Apr-05 14.52 27-May-05 13.97 13-Jan-05 14.35 01-Mar-05 14.88 15-Apr-05 13.95 30-May-05 13.86 14-Jan-05 14.18 02-Mar-05 14.94 18-Apr-05 13.75 31-May-05 13.94 17-Jan-05 14.17 03-Mar-05 15.2 19-Apr-05 13.64 01-Jun-05 13.93 18-Jan-05 14.19 04-Mar-05 15.34 20-Apr-05 13.78 02-Jun-05 13.77 19-Jan-05 14.12 07-Mar-05 15.42 21-Apr-05 13.87 03-Jun-05 13.97 20-Jan-05 14.09 08-Mar-05 15.48 22-Apr-05 13.97 04-Jun-05 13.96 24-Jan-05 13.6 09-Mar-05 15.43 25-Apr-05 13.99 06-Jun-05 13.96 25-Jan-05 13.74 10-Mar-05 15.47 26-Apr-05 13.85 07-Jun-05 14 27-Jan-05 13.84 11-Mar-05 15.38 27-Apr-05 13.51 08-Jun-05 14.09 28-Jan-05 14.34 14-Mar-05 15.32 28-Apr-05 13.55 09-Jun-05 13.97 31-Jan-05 14.68 15-Mar-05 15.2 29-Apr-05 13.27 10-Jun-05 13.89 01-Feb-05 14.34 16-Mar-05 15.17 02-May-05 13.32 13-Jun-05 13.9 02-Feb-05 14.24 17-Mar-05 14.98 03-May-05 13.35 14-Jun-05 13.96 03-Feb-05 14.42 18-Mar-05 15.06 04-May-05 13.5 15-Jun-05 14.07 04-Feb-05 14.41 21-Mar-05 14.97 05-May-05 13.64 16-Jun-05 14.04 07-Feb-05 14.26 22-Mar-05 14.72 06-May-05 13.71 17-Jun-05 14.04 08-Feb-05 14.26 23-Mar-05 14.47 09-May-05 13.87 20-Jun-05 13.82 09-Feb-05 14.36 24-Mar-05 14.39 10-May-05 13.82 21-Jun-05 13.99 10-Feb-05 14.31 28-Mar-05 14.54 11-May-05 13.76 22-Jun-05 14.1 11-Feb-05 14.48 29-Mar-05 14.21 12-May-05 13.81 23-Jun-05 14.08 14-Feb-05 14.59 30-Mar-05 14.3 13-May-05 13.78 24-Jun-05 14.14 15-Feb-05 14.53 31-Mar-05 14.6 16-May-05 13.97 27-Jun-05 14.18 16-Feb-05 14.39 01-Apr-05 14.84 17-May-05 13.8 28-Jun-05 13.99
  • 30.
    30 MAHENDER MEHTA SAMPLEDATA FOR SEVENTH YEAR – 2005 - Part 2 Date P/E Date P/E Date P/E Date P/E 01-Jul-05 14.26 17-Aug-05 14.89 30-Sep-05 16.15 18-Nov-05 15.73 04-Jul-05 14.38 18-Aug-05 14.8 03-Oct-05 16.33 21-Nov-05 15.65 05-Jul-05 14.25 19-Aug-05 14.77 04-Oct-05 16.54 22-Nov-05 15.47 06-Jul-05 14.36 22-Aug-05 14.67 05-Oct-05 16.42 23-Nov-05 15.68 07-Jul-05 14.05 23-Aug-05 14.41 06-Oct-05 16.02 24-Nov-05 15.84 08-Jul-05 14.16 24-Aug-05 14.39 07-Oct-05 15.99 25-Nov-05 16.02 11-Jul-05 14.3 25-Aug-05 14.58 10-Oct-05 15.94 26-Nov-05 16.13 12-Jul-05 14.29 26-Aug-05 14.6 11-Oct-05 16 28-Nov-05 16.31 13-Jul-05 14.17 29-Aug-05 14.48 13-Oct-05 15.67 29-Nov-05 16.22 14-Jul-05 14.04 30-Aug-05 14.67 14-Oct-05 15.3 30-Nov-05 15.95 15-Jul-05 14.21 31-Aug-05 14.78 17-Oct-05 15.27 01-Dec-05 16.23 18-Jul-05 14.31 01-Sep-05 14.92 18-Oct-05 15.17 02-Dec-05 16.22 19-Jul-05 14.33 02-Sep-05 14.98 19-Oct-05 14.81 05-Dec-05 16 20-Jul-05 14.36 05-Sep-05 15.02 20-Oct-05 14.69 06-Dec-05 16.01 21-Jul-05 14.27 06-Sep-05 15.06 21-Oct-05 15.02 07-Dec-05 16.2 22-Jul-05 14.47 08-Sep-05 15.22 24-Oct-05 14.72 08-Dec-05 16.28 25-Jul-05 14.62 09-Sep-05 15.23 25-Oct-05 14.81 09-Dec-05 16.58 26-Jul-05 14.58 12-Sep-05 15.41 26-Oct-05 14.58 12-Dec-05 16.7 27-Jul-05 14.69 13-Sep-05 15.51 27-Oct-05 14.01 13-Dec-05 16.91 29-Jul-05 14.1 14-Sep-05 15.46 28-Oct-05 13.74 14-Dec-05 16.87 01-Aug-05 14.36 15-Sep-05 15.66 31-Oct-05 14.23 15-Dec-05 16.71 02-Aug-05 14.58 16-Sep-05 15.83 01-Nov-05 14.32 16-Dec-05 16.9 03-Aug-05 14.6 19-Sep-05 15.92 02-Nov-05 14.52 19-Dec-05 17.2 04-Aug-05 14.67 20-Sep-05 15.99 07-Nov-05 14.77 20-Dec-05 17.1 05-Aug-05 14.63 21-Sep-05 15.93 08-Nov-05 14.96 21-Dec-05 17.08 08-Aug-05 14.4 22-Sep-05 15.36 09-Nov-05 14.94 22-Dec-05 17.15 09-Aug-05 14.36 23-Sep-05 15.37 10-Nov-05 15.01 23-Dec-05 16.97 10-Aug-05 14.62 26-Sep-05 15.88 11-Nov-05 15.29 26-Dec-05 16.64 11-Aug-05 14.75 27-Sep-05 15.99 14-Nov-05 15.36 27-Dec-05 16.98 12-Aug-05 14.63 28-Sep-05 16.13 16-Nov-05 15.5 28-Dec-05 16.91 16-Aug-05 14.68 29-Sep-05 16.21 17-Nov-05 15.63 29-Dec-05 17.07
  • 31.
    31 MAHENDER MEHTA SAMPLEDATA FOR EIGHT YEAR – 2006 - Part 1 Date P/E Date P/E Date P/E Date P/E 02-Jan-06 17.16 17-Feb-06 17.71 04-Apr-06 20.74 22-May-06 17.52 03-Jan-06 17.45 20-Feb-06 17.86 05-Apr-06 20.9 23-May-06 18.19 04-Jan-06 17.58 21-Feb-06 18.03 07-Apr-06 20.57 24-May-06 17.71 05-Jan-06 17.55 22-Feb-06 18.13 10-Apr-06 20.71 25-May-06 18.39 06-Jan-06 17.64 23-Feb-06 18.19 12-Apr-06 20.13 26-May-06 18.28 09-Jan-06 17.62 24-Feb-06 18.12 13-Apr-06 19.91 29-May-06 18.27 10-Jan-06 17.37 27-Feb-06 18.22 17-Apr-06 20.34 30-May-06 18.11 12-Jan-06 17.28 28-Feb-06 18.27 18-Apr-06 20.76 31-May-06 17.46 13-Jan-06 17.25 01-Mar-06 18.56 19-Apr-06 20.79 01-Jun-06 16.78 16-Jan-06 17.14 02-Mar-06 18.73 20-Apr-06 21.01 02-Jun-06 17.51 17-Jan-06 17.12 03-Mar-06 18.71 21-Apr-06 21.01 05-Jun-06 17.09 18-Jan-06 16.53 06-Mar-06 18.96 24-Apr-06 20.85 06-Jun-06 16.64 19-Jan-06 16.87 07-Mar-06 18.92 25-Apr-06 20.37 07-Jun-06 16.21 20-Jan-06 16.91 08-Mar-06 18.53 26-Apr-06 20.93 08-Jun-06 15.44 23-Jan-06 16.83 09-Mar-06 18.6 27-Apr-06 20.58 09-Jun-06 16.24 24-Jan-06 16.86 10-Mar-06 18.93 28-Apr-06 20.08 12-Jun-06 15.73 25-Jan-06 17.02 13-Mar-06 19.04 29-Apr-06 20.31 13-Jun-06 15.09 27-Jan-06 17.42 14-Mar-06 19 02-May-06 20.46 14-Jun-06 14.92 30-Jan-06 17.91 16-Mar-06 19.18 03-May-06 20.62 15-Jun-06 15.91 31-Jan-06 17.9 17-Mar-06 19.25 04-May-06 20.7 16-Jun-06 16.43 01-Feb-06 17.73 20-Mar-06 19.44 05-May-06 20.77 19-Jun-06 16.58 02-Feb-06 17.7 21-Mar-06 19.42 08-May-06 20.93 20-Jun-06 16.27 03-Feb-06 17.54 22-Mar-06 19.28 09-May-06 21.09 21-Jun-06 16.62 06-Feb-06 17.9 23-Mar-06 19.33 10-May-06 21.28 22-Jun-06 17.03 07-Feb-06 18.02 24-Mar-06 19.52 11-May-06 20.98 23-Jun-06 17.3 08-Feb-06 17.95 27-Mar-06 19.77 12-May-06 20.69 25-Jun-06 17.34 10-Feb-06 18.03 28-Mar-06 19.79 15-May-06 19.86 26-Jun-06 16.73 13-Feb-06 18.11 29-Mar-06 19.97 16-May-06 19.97 27-Jun-06 17.36 14-Feb-06 17.93 30-Mar-06 20.35 17-May-06 20.62 28-Jun-06 17.57 15-Feb-06 17.96 31-Mar-06 20.26 18-May-06 19.26 29-Jun-06 17.67 16-Feb-06 17.95 03-Apr-06 20.68 19-May-06 18.51 30-Jun-06 18.44
  • 32.
    32 MAHENDER MEHTA SAMPLEDATA FOR EIGHT YEAR – 2006 - Part 2 Date P/E Date P/E Date P/E Date P/E 03-Jul-06 18.57 16-Aug-06 18.84 28-Sep-06 20.83 14-Nov-06 20.7 04-Jul-06 18.5 17-Aug-06 18.83 29-Sep-06 20.92 15-Nov-06 20.78 05-Jul-06 18.84 18-Aug-06 18.84 03-Oct-06 20.82 16-Nov-06 20.78 06-Jul-06 18.6 21-Aug-06 18.88 04-Oct-06 20.5 17-Nov-06 20.65 07-Jul-06 18.13 22-Aug-06 18.88 05-Oct-06 20.79 20-Nov-06 20.67 10-Jul-06 18.52 23-Aug-06 18.71 06-Oct-06 20.82 21-Nov-06 21 11-Jul-06 18.36 24-Aug-06 18.91 09-Oct-06 20.82 22-Nov-06 21.2 12-Jul-06 18.76 25-Aug-06 19 10-Oct-06 20.83 23-Nov-06 21.14 13-Jul-06 18.61 28-Aug-06 19.08 11-Oct-06 20.68 24-Nov-06 21.17 14-Jul-06 18.33 29-Aug-06 19.22 12-Oct-06 21.04 27-Nov-06 21.25 17-Jul-06 17.63 30-Aug-06 19.25 13-Oct-06 21.36 28-Nov-06 21 18-Jul-06 17.52 31-Aug-06 19.15 16-Oct-06 21.64 29-Nov-06 21.03 19-Jul-06 17 01-Sep-06 19.68 17-Oct-06 21.47 30-Nov-06 21.18 20-Jul-06 17.43 04-Sep-06 19.92 18-Oct-06 21.33 01-Dec-06 21.41 21-Jul-06 16.93 05-Sep-06 19.9 19-Oct-06 21.06 04-Dec-06 21.43 24-Jul-06 17.13 06-Sep-06 19.92 20-Oct-06 20.91 05-Dec-06 21.51 25-Jul-06 17.44 07-Sep-06 19.79 21-Oct-06 20.94 06-Dec-06 21.51 26-Jul-06 17.58 08-Sep-06 19.89 23-Oct-06 20.79 07-Dec-06 21.54 27-Jul-06 17.83 11-Sep-06 19.29 26-Oct-06 20.79 08-Dec-06 21.23 28-Jul-06 17.57 12-Sep-06 19.42 27-Oct-06 21.04 11-Dec-06 20.62 31-Jul-06 17.64 13-Sep-06 19.81 30-Oct-06 20.48 12-Dec-06 19.91 01-Aug-06 17.67 14-Sep-06 19.91 31-Oct-06 20.37 13-Dec-06 20.17 02-Aug-06 17.86 15-Sep-06 19.95 01-Nov-06 20.16 14-Dec-06 20.59 03-Aug-06 17.9 18-Sep-06 20.03 02-Nov-06 20.29 15-Dec-06 20.83 04-Aug-06 17.83 19-Sep-06 19.83 03-Nov-06 20.37 18-Dec-06 21.05 07-Aug-06 17.69 20-Sep-06 20.09 06-Nov-06 20.39 19-Dec-06 20.53 08-Aug-06 18.03 21-Sep-06 20.38 07-Nov-06 20.34 20-Dec-06 20.45 09-Aug-06 18.27 22-Sep-06 20.33 08-Nov-06 20.22 21-Dec-06 20.54 10-Aug-06 18.3 25-Sep-06 20.21 09-Nov-06 20.32 22-Dec-06 20.74 11-Aug-06 18.38 26-Sep-06 20.83 10-Nov-06 20.53 26-Dec-06 21.12 14-Aug-06 18.6 27-Sep-06 20.87 13-Nov-06 20.66 27-Dec-06 21.3
  • 33.
    33 MAHENDER MEHTA SAMPLEDATA FOR NINTH YEAR – 2007 - Part 1 Date P/E Date P/E Date P/E Date P/E 02-Jan-07 21.48 19-Feb-07 20.02 04-Apr-07 18.43 22-May-07 19.91 03-Jan-07 21.57 20-Feb-07 19.74 05-Apr-07 18.54 23-May-07 19.78 04-Jan-07 21.38 21-Feb-07 19.69 09-Apr-07 19 24-May-07 19.59 05-Jan-07 21.35 22-Feb-07 19.42 10-Apr-07 19.02 25-May-07 19.98 08-Jan-07 21.08 23-Feb-07 18.94 11-Apr-07 19.09 28-May-07 20.02 09-Jan-07 20.97 26-Feb-07 18.95 12-Apr-07 18.93 29-May-07 20.11 10-Jan-07 20.64 27-Feb-07 18.72 13-Apr-07 19.28 30-May-07 20.17 11-Jan-07 21.04 28-Feb-07 18.01 16-Apr-07 19.75 31-May-07 20.41 12-Jan-07 21.63 01-Mar-07 18.33 17-Apr-07 19.55 01-Jun-07 20.41 15-Jan-07 21.77 02-Mar-07 17.92 18-Apr-07 19.66 04-Jun-07 20.27 16-Jan-07 21.67 05-Mar-07 17.2 19-Apr-07 19.57 05-Jun-07 20.35 17-Jan-07 21.59 06-Mar-07 17.58 20-Apr-07 19.88 06-Jun-07 19.94 18-Jan-07 21.74 07-Mar-07 17.44 23-Apr-07 19.88 07-Jun-07 19.85 19-Jan-07 21.43 08-Mar-07 18.09 24-Apr-07 20.13 08-Jun-07 19.69 22-Jan-07 21.42 09-Mar-07 17.88 25-Apr-07 20.24 11-Jun-07 19.69 23-Jan-07 20.96 12-Mar-07 17.96 26-Apr-07 20.25 12-Jun-07 19.74 24-Jan-07 21.07 13-Mar-07 18.14 27-Apr-07 19.58 13-Jun-07 19.54 25-Jan-07 21.35 14-Mar-07 17.51 30-Apr-07 19.48 14-Jun-07 19.81 29-Jan-07 20.88 15-Mar-07 17.53 03-May-07 19.76 15-Jun-07 19.82 31-Jan-07 19.85 16-Mar-07 17.36 04-May-07 19.59 18-Jun-07 19.7 01-Feb-07 19.95 19-Mar-07 17.7 07-May-07 19.56 19-Jun-07 20.02 02-Feb-07 20.12 20-Mar-07 17.79 08-May-07 19.39 20-Jun-07 20.19 05-Feb-07 20.27 21-Mar-07 18.11 09-May-07 19.36 21-Jun-07 20.28 06-Feb-07 20.18 22-Mar-07 18.65 10-May-07 19.31 22-Jun-07 20.2 07-Feb-07 20.32 23-Mar-07 18.58 11-May-07 19.35 25-Jun-07 20.32 08-Feb-07 20.31 26-Mar-07 18.38 14-May-07 19.54 26-Jun-07 20.44 09-Feb-07 20.14 28-Mar-07 18.1 15-May-07 19.46 27-Jun-07 20.34 12-Feb-07 19.52 29-Mar-07 18.29 16-May-07 19.7 28-Jun-07 20.42 13-Feb-07 19.45 30-Mar-07 18.4 17-May-07 19.93 29-Jun-07 20.6 14-Feb-07 19.47 02-Apr-07 17.49 18-May-07 19.78 02-Jul-07 20.62 15-Feb-07 19.94 03-Apr-07 17.77 21-May-07 19.83 03-Jul-07 20.83
  • 34.
    34 MAHENDER MEHTA SAMPLEDATA FOR NINTH YEAR – 2007 - Part 2 Date P/E Date P/E Date P/E Date P/E 04-Jul-07 20.84 17-Aug-07 18.58 01-Oct-07 22.79 14-Nov-07 25.98 05-Jul-07 20.81 20-Aug-07 19.04 03-Oct-07 23.43 15-Nov-07 25.87 06-Jul-07 21.11 21-Aug-07 18.43 04-Oct-07 23.42 16-Nov-07 25.86 09-Jul-07 21.27 22-Aug-07 18.79 05-Oct-07 23.62 19-Nov-07 25.87 10-Jul-07 21.2 23-Aug-07 18.62 08-Oct-07 23.16 20-Nov-07 25.32 11-Jul-07 21.06 24-Aug-07 18.96 09-Oct-07 24.26 21-Nov-07 24.35 12-Jul-07 21.35 27-Aug-07 19.47 10-Oct-07 24.78 22-Nov-07 24.17 13-Jul-07 21.63 28-Aug-07 19.55 11-Oct-07 25.13 23-Nov-07 24.53 16-Jul-07 21.78 29-Aug-07 19.72 12-Oct-07 24.67 26-Nov-07 25.07 17-Jul-07 21.65 30-Aug-07 19.96 15-Oct-07 25.77 27-Nov-07 24.92 18-Jul-07 21.64 31-Aug-07 20.2 16-Oct-07 25.71 28-Nov-07 24.57 19-Jul-07 21.86 03-Sep-07 20.25 17-Oct-07 25.2 29-Nov-07 24.65 20-Jul-07 21.76 04-Sep-07 20.27 18-Oct-07 24.33 30-Nov-07 25.21 23-Jul-07 22 05-Sep-07 20.26 19-Oct-07 23.46 03-Dec-07 25.66 24-Jul-07 22.01 06-Sep-07 20.45 22-Oct-07 23.28 04-Dec-07 25.63 25-Jul-07 21.71 07-Sep-07 20.41 23-Oct-07 24.53 05-Dec-07 25.98 26-Jul-07 21.71 10-Sep-07 20.4 24-Oct-07 24.66 06-Dec-07 26.05 27-Jul-07 20.87 11-Sep-07 20.35 25-Oct-07 25.01 07-Dec-07 26.14 30-Jul-07 20.34 12-Sep-07 20.35 26-Oct-07 25.57 10-Dec-07 26.08 31-Jul-07 20.49 13-Sep-07 20.5 29-Oct-07 26.35 11-Dec-07 26.68 01-Aug-07 19.65 14-Sep-07 20.45 30-Oct-07 26.01 12-Dec-07 27.69 02-Aug-07 19.72 17-Sep-07 20.34 31-Oct-07 25.74 13-Dec-07 27.23 03-Aug-07 19.93 18-Sep-07 20.57 01-Nov-07 25.65 14-Dec-07 27.19 06-Aug-07 19.65 19-Sep-07 21.42 02-Nov-07 25.94 17-Dec-07 25.97 07-Aug-07 19.72 20-Sep-07 21.49 05-Nov-07 25.57 18-Dec-07 25.81 08-Aug-07 20.2 21-Sep-07 21.89 06-Nov-07 25.31 19-Dec-07 25.85 09-Aug-07 19.94 24-Sep-07 22.18 07-Nov-07 25.29 20-Dec-07 25.92 10-Aug-07 19.63 25-Sep-07 22.21 08-Nov-07 24.92 24-Dec-07 26.91 13-Aug-07 19.81 26-Sep-07 22.21 09-Nov-07 24.77 26-Dec-07 27.29 14-Aug-07 19.77 27-Sep-07 22.49 12-Nov-07 24.57 27-Dec-07 27.36 16-Aug-07 18.9 28-Sep-07 22.58 13-Nov-07 24.92 28-Dec-07 27.35
  • 35.
    35 MAHENDER MEHTA SAMPLEDATA FOR TENTH YEAR – 2008 - Part 1 Date P/E Date P/E Date P/E Date P/E 01-Jan-08 27.64 13-Feb-08 21.03 01-Apr-08 20.66 20-May-08 21.72 02-Jan-08 27.8 14-Feb-08 22.19 02-Apr-08 20.72 21-May-08 21.77 03-Jan-08 27.8 15-Feb-08 22.62 03-Apr-08 20.8 22-May-08 21.38 04-Jan-08 28.23 18-Feb-08 22.51 04-Apr-08 20.25 23-May-08 21.03 07-Jan-08 28.25 19-Feb-08 22.52 07-Apr-08 20.75 26-May-08 20.73 08-Jan-08 28.29 20-Feb-08 21.98 08-Apr-08 20.53 27-May-08 20.67 09-Jan-08 28.22 21-Feb-08 22.14 09-Apr-08 20.69 28-May-08 20.92 10-Jan-08 27.7 22-Feb-08 21.79 10-Apr-08 20.63 29-May-08 20.59 11-Jan-08 27.86 25-Feb-08 22.17 11-Apr-08 20.82 30-May-08 20.74 14-Jan-08 27.89 26-Feb-08 22.47 15-Apr-08 21.26 02-Jun-08 20.17 15-Jan-08 27.3 27-Feb-08 22.46 16-Apr-08 21.29 03-Jun-08 20.07 16-Jan-08 26.67 28-Feb-08 22.53 17-Apr-08 21.6 04-Jun-08 19.52 17-Jan-08 25.47 29-Feb-08 22.27 21-Apr-08 21.92 05-Jun-08 19.91 18-Jan-08 24.49 03-Mar-08 21.12 22-Apr-08 21.8 06-Jun-08 19.7 21-Jan-08 22.33 04-Mar-08 20.74 23-Apr-08 21.69 09-Jun-08 19.16 22-Jan-08 20.96 05-Mar-08 20.98 24-Apr-08 21.57 10-Jun-08 18.94 23-Jan-08 22.26 07-Mar-08 20.35 25-Apr-08 21.96 11-Jun-08 19.25 24-Jan-08 21.52 10-Mar-08 20.47 28-Apr-08 21.85 12-Jun-08 19.32 25-Jan-08 22.88 11-Mar-08 20.75 29-Apr-08 22.31 13-Jun-08 19.23 28-Jan-08 22.6 12-Mar-08 20.78 30-Apr-08 22.17 16-Jun-08 19.46 29-Jan-08 22.55 13-Mar-08 19.72 02-May-08 22.42 17-Jun-08 19.89 30-Jan-08 22.02 14-Mar-08 20.68 05-May-08 22.2 18-Jun-08 19.6 31-Jan-08 21.97 17-Mar-08 19.62 06-May-08 22.02 19-Jun-08 19.26 01-Feb-08 22.68 18-Mar-08 19.75 07-May-08 21.98 20-Jun-08 18.59 04-Feb-08 23.31 19-Mar-08 19.93 08-May-08 21.75 23-Jun-08 18.25 05-Feb-08 23.4 24-Mar-08 20.09 09-May-08 21.32 24-Jun-08 17.91 06-Feb-08 22.71 25-Mar-08 21.25 12-May-08 21.45 25-Jun-08 18.18 07-Feb-08 21.9 26-Mar-08 21.05 13-May-08 21.21 26-Jun-08 18.45 08-Feb-08 21.85 27-Mar-08 21.05 14-May-08 21.44 27-Jun-08 17.67 11-Feb-08 20.72 28-Mar-08 21.54 15-May-08 21.84 30-Jun-08 17.28 12-Feb-08 20.64 31-Mar-08 20.63 16-May-08 21.94 01-Jul-08 16.66
  • 36.
    36 MAHENDER MEHTA SAMPLEDATA FOR TENTH YEAR – 2008 - Part 2 Date P/E Date P/E Date P/E Date P/E 02-Jul-08 17.5 14-Aug-08 18.69 30-Sep-08 16.85 18-Nov-08 11.75 03-Jul-08 16.79 18-Aug-08 18.53 01-Oct-08 16.98 19-Nov-08 11.54 04-Jul-08 17.22 19-Aug-08 18.43 03-Oct-08 16.41 20-Nov-08 11.18 07-Jul-08 17.28 20-Aug-08 18.63 06-Oct-08 15.48 21-Nov-08 11.8 08-Jul-08 17.11 21-Aug-08 18.07 07-Oct-08 15.5 24-Nov-08 11.86 09-Jul-08 17.83 22-Aug-08 18.25 08-Oct-08 15.1 25-Nov-08 11.63 10-Jul-08 17.85 25-Aug-08 18.29 10-Oct-08 14.07 26-Nov-08 12.06 11-Jul-08 17.34 26-Aug-08 18.3 13-Oct-08 14.97 28-Nov-08 12.08 14-Jul-08 17.3 27-Aug-08 18.1 14-Oct-08 15.09 01-Dec-08 11.76 15-Jul-08 16.53 28-Aug-08 17.81 15-Oct-08 14.31 02-Dec-08 11.65 16-Jul-08 16.33 29-Aug-08 18.43 16-Oct-08 14.01 03-Dec-08 11.64 17-Jul-08 16.87 01-Sep-08 18.38 17-Oct-08 13.15 04-Dec-08 12.22 18-Jul-08 17.49 02-Sep-08 19.03 20-Oct-08 13.47 05-Dec-08 11.9 21-Jul-08 17.72 04-Sep-08 18.8 21-Oct-08 13.92 08-Dec-08 12.2 22-Jul-08 18.06 05-Sep-08 18.39 22-Oct-08 13.18 10-Dec-08 12.84 23-Jul-08 19.06 08-Sep-08 18.94 23-Oct-08 12.66 11-Dec-08 12.8 24-Jul-08 18.79 09-Sep-08 18.9 24-Oct-08 10.99 12-Dec-08 12.81 25-Jul-08 18.19 10-Sep-08 18.88 27-Oct-08 10.68 15-Dec-08 13.07 28-Jul-08 18.2 11-Sep-08 18.41 28-Oct-08 11.36 16-Dec-08 13.33 29-Jul-08 17.49 12-Sep-08 18.14 29-Oct-08 11.42 17-Dec-08 12.95 30-Jul-08 18.08 15-Sep-08 17.5 31-Oct-08 12.57 18-Dec-08 13.42 31-Jul-08 18.22 16-Sep-08 17.51 03-Nov-08 13.33 19-Dec-08 13.49 01-Aug-08 18.56 17-Sep-08 17.22 04-Nov-08 13.76 22-Dec-08 13.32 04-Aug-08 18.54 18-Sep-08 17.35 05-Nov-08 13.11 23-Dec-08 13.01 05-Aug-08 18.99 19-Sep-08 18.24 06-Nov-08 12.66 24-Dec-08 12.79 06-Aug-08 19.05 22-Sep-08 18.15 07-Nov-08 13.02 26-Dec-08 12.52 07-Aug-08 19.08 23-Sep-08 17.73 10-Nov-08 13.78 29-Dec-08 12.81 08-Aug-08 19.1 24-Sep-08 17.88 11-Nov-08 12.87 30-Dec-08 13.06 11-Aug-08 19.49 25-Sep-08 17.66 12-Nov-08 12.48 31-Dec-08 12.97 12-Aug-08 19.2 26-Sep-08 17.12 14-Nov-08 12.31 13-Aug-08 19.1 29-Sep-08 16.54 17-Nov-08 12.26
  • 37.
    37 MAHENDER MEHTA SAMPLEDATA FOR ELEVENTH YEAR – 2009 - Part 1 Date P/E Date P/E Date P/E Date P/E 01-Jan-09 13.3 17-Feb-09 13.15 08-Apr-09 15.82 27-May-09 20 02-Jan-09 13.36 18-Feb-09 13.18 09-Apr-09 15.82 28-May-09 20.32 05-Jan-09 13.68 19-Feb-09 13.24 13-Apr-09 16.01 29-May-09 20.82 06-Jan-09 13.64 20-Feb-09 12.99 15-Apr-09 16.45 01-Jun-09 20.62 07-Jan-09 12.8 24-Feb-09 12.98 16-Apr-09 15.9 02-Jun-09 20.6 09-Jan-09 12.59 25-Feb-09 13.11 17-Apr-09 15.97 03-Jun-09 20.62 12-Jan-09 12.32 26-Feb-09 13.22 20-Apr-09 15.94 04-Jun-09 20.87 13-Jan-09 12.16 27-Feb-09 13.12 21-Apr-09 15.86 05-Jun-09 20.93 14-Jan-09 12.56 02-Mar-09 12.7 22-Apr-09 15.69 08-Jun-09 20.21 15-Jan-09 12.1 03-Mar-09 12.45 23-Apr-09 16.12 09-Jun-09 20.77 16-Jan-09 12.51 04-Mar-09 12.56 24-Apr-09 16.43 10-Jun-09 21.24 19-Jan-09 12.58 05-Mar-09 12.23 27-Apr-09 16.53 11-Jun-09 21.16 20-Jan-09 12.36 06-Mar-09 12.44 28-Apr-09 16.02 12-Jun-09 20.91 21-Jan-09 11.97 09-Mar-09 12.21 29-Apr-09 16.53 15-Jun-09 20.47 22-Jan-09 11.96 12-Mar-09 12.42 04-May-09 17.37 16-Jun-09 20.63 23-Jan-09 12.27 13-Mar-09 12.91 05-May-09 17.4 17-Jun-09 19.5 27-Jan-09 12.67 16-Mar-09 13.18 06-May-09 17.23 18-Jun-09 19.03 28-Jan-09 13.1 17-Mar-09 13.09 07-May-09 17.51 19-Jun-09 19.31 29-Jan-09 13.17 18-Mar-09 13.27 08-May-09 17.21 22-Jun-09 18.96 30-Jan-09 13.4 19-Mar-09 13.33 11-May-09 16.78 23-Jun-09 19.01 02-Feb-09 13.12 20-Mar-09 13.33 12-May-09 17.38 24-Jun-09 19.22 03-Feb-09 13.2 23-Mar-09 13.96 13-May-09 17.17 25-Jun-09 19.07 04-Feb-09 13.29 24-Mar-09 13.96 14-May-09 16.97 26-Jun-09 20.08 05-Feb-09 13.19 25-Mar-09 14.17 15-May-09 17.34 29-Jun-09 20.25 06-Feb-09 13.49 26-Mar-09 14.64 18-May-09 20.41 30-Jun-09 19.97 09-Feb-09 13.86 27-Mar-09 14.7 19-May-09 20.39 01-Jul-09 20.2 10-Feb-09 13.93 30-Mar-09 14.08 20-May-09 20.18 02-Jul-09 20.23 11-Feb-09 13.89 31-Mar-09 14.29 21-May-09 19.85 03-Jul-09 20.58 12-Feb-09 13.73 01-Apr-09 14.49 22-May-09 19.87 06-Jul-09 19.38 13-Feb-09 14 02-Apr-09 15.2 25-May-09 19.85 07-Jul-09 19.55 16-Feb-09 13.52 06-Apr-09 15.42 26-May-09 19.29 08-Jul-09 18.98
  • 38.
    38 MAHENDER MEHTA SAMPLEDATA FOR ELEVENTH YEAR – 2009 - Part 2 Date P/E Date P/E Date P/E Date P/E 09-Jul-09 18.99 21-Aug-09 20.31 08-Oct-09 22.58 24-Nov-09 22.63 10-Jul-09 18.58 24-Aug-09 20.82 09-Oct-09 22.31 25-Nov-09 22.71 13-Jul-09 18.42 25-Aug-09 20.88 12-Oct-09 22.8 26-Nov-09 22.25 14-Jul-09 19.02 26-Aug-09 20.97 14-Oct-09 22.97 27-Nov-09 21.97 15-Jul-09 19.58 27-Aug-09 21.01 15-Oct-09 22.93 30-Nov-09 22.37 16-Jul-09 19.21 28-Aug-09 21.26 16-Oct-09 23.08 01-Dec-09 22.77 17-Jul-09 19.87 31-Aug-09 20.94 17-Oct-09 23.08 02-Dec-09 22.77 20-Jul-09 20.44 01-Sep-09 20.78 20-Oct-09 22.94 03-Dec-09 22.81 21-Jul-09 20.29 02-Sep-09 20.7 21-Oct-09 22.71 04-Dec-09 22.71 22-Jul-09 19.89 03-Sep-09 20.63 22-Oct-09 22.44 07-Dec-09 22.52 23-Jul-09 20.27 04-Sep-09 21.02 23-Oct-09 22.19 08-Dec-09 22.92 24-Jul-09 20.6 07-Sep-09 21.49 26-Oct-09 21.96 09-Dec-09 22.76 27-Jul-09 20.59 08-Sep-09 21.59 27-Oct-09 21.42 10-Dec-09 22.86 28-Jul-09 20.3 09-Sep-09 21.63 28-Oct-09 21.33 11-Dec-09 22.79 29-Jul-09 20.08 10-Sep-09 21.66 29-Oct-09 21 14-Dec-09 22.74 30-Jul-09 20.31 11-Sep-09 21.7 30-Oct-09 20.45 15-Dec-09 22.41 31-Jul-09 20.68 14-Sep-09 21.66 03-Nov-09 19.81 16-Dec-09 22.45 03-Aug-09 21.09 15-Sep-09 22.03 04-Nov-09 20.45 17-Dec-09 22.45 04-Aug-09 20.99 16-Sep-09 22.33 05-Nov-09 20.68 18-Dec-09 22.21 05-Aug-09 21.05 17-Sep-09 22.36 06-Nov-09 21.05 21-Dec-09 22.05 06-Aug-09 20.56 18-Sep-09 22.41 09-Nov-09 21.5 22-Dec-09 22.2 07-Aug-09 20.1 22-Sep-09 22.61 10-Nov-09 21.43 23-Dec-09 22.91 10-Aug-09 19.9 23-Sep-09 22.38 11-Nov-09 22.24 24-Dec-09 23.07 11-Aug-09 20.06 24-Sep-09 22.46 12-Nov-09 22.02 29-Dec-09 23.11 12-Aug-09 19.99 25-Sep-09 22.33 13-Nov-09 22.22 30-Dec-09 23.03 13-Aug-09 20.66 29-Sep-09 22.55 16-Nov-09 22.48 31-Dec-09 23.17 14-Aug-09 20.54 30-Sep-09 22.9 17-Nov-09 22.5 17-Aug-09 19.68 01-Oct-09 22.89 18-Nov-09 22.47 18-Aug-09 20 05-Oct-09 22.53 19-Nov-09 22.18 19-Aug-09 19.71 06-Oct-09 22.67 20-Nov-09 22.46 20-Aug-09 19.98 07-Oct-09 22.48 23-Nov-09 22.69
  • 39.
    39 MAHENDER MEHTA SAMPLEDATA FOR TWELTH YEAR – 2010 - Part 1 Date P/E Date P/E Date P/E Date P/E 04-Jan-10 23.31 17-Feb-10 21.02 06-Apr-10 22.84 20-May-10 20.65 05-Jan-10 23.57 18-Feb-10 20.91 07-Apr-10 22.88 21-May-10 20.58 06-Jan-10 23.59 19-Feb-10 20.72 08-Apr-10 22.96 24-May-10 20.63 07-Jan-10 23.51 22-Feb-10 20.77 09-Apr-10 23.21 25-May-10 20.06 08-Jan-10 23.43 23-Feb-10 20.83 12-Apr-10 23.11 26-May-10 20.52 11-Jan-10 23.45 24-Feb-10 20.78 13-Apr-10 23.04 27-May-10 20.88 12-Jan-10 23.28 25-Feb-10 20.79 15-Apr-10 22.83 28-May-10 21.22 13-Jan-10 23.38 26-Feb-10 20.92 16-Apr-10 22.78 31-May-10 21.3 14-Jan-10 23.5 02-Mar-10 21.33 19-Apr-10 22.58 01-Jun-10 20.81 15-Jan-10 23.46 03-Mar-10 21.63 20-Apr-10 22.71 02-Jun-10 21.02 18-Jan-10 23.57 04-Mar-10 21.59 21-Apr-10 22.78 03-Jun-10 21.4 19-Jan-10 23.35 05-Mar-10 21.63 22-Apr-10 22.88 04-Jun-10 21.5 20-Jan-10 23.06 08-Mar-10 21.8 23-Apr-10 23.03 07-Jun-10 21.11 21-Jan-10 22.5 09-Mar-10 21.7 26-Apr-10 23.11 08-Jun-10 20.91 22-Jan-10 22.24 10-Mar-10 21.77 27-Apr-10 22.45 09-Jun-10 20.97 25-Jan-10 21.7 11-Mar-10 21.84 28-Apr-10 22.05 10-Jun-10 21.3 27-Jan-10 21.03 12-Mar-10 21.86 29-Apr-10 22.22 11-Jun-10 21.44 28-Jan-10 21.09 15-Mar-10 21.82 30-Apr-10 22.29 14-Jun-10 21.77 29-Jan-10 21 16-Mar-10 22.12 03-May-10 22.06 15-Jun-10 21.87 01-Feb-10 21.07 17-Mar-10 22.26 04-May-10 21.74 16-Jun-10 21.92 02-Feb-10 20.77 18-Mar-10 22.32 05-May-10 21.64 17-Jun-10 22.09 03-Feb-10 21.21 19-Mar-10 22.39 06-May-10 21.5 18-Jun-10 22.04 04-Feb-10 20.84 22-Mar-10 22.15 07-May-10 21.19 21-Jun-10 22.42 05-Feb-10 20.18 23-Mar-10 22.23 10-May-10 21.92 22-Jun-10 22.27 06-Feb-10 20.35 25-Mar-10 22.38 11-May-10 21.68 23-Jun-10 22.29 08-Feb-10 20.36 26-Mar-10 22.47 12-May-10 21.77 24-Jun-10 22.28 09-Feb-10 20.5 29-Mar-10 22.56 13-May-10 21.86 25-Jun-10 22.07 10-Feb-10 20.35 30-Mar-10 22.39 14-May-10 21.26 28-Jun-10 22.34 11-Feb-10 20.65 31-Mar-10 22.33 17-May-10 21.12 29-Jun-10 22.01 15-Feb-10 20.54 01-Apr-10 22.52 18-May-10 21.14 30-Jun-10 22.25 16-Feb-10 20.77 05-Apr-10 22.85 19-May-10 20.53 01-Jul-10 21.99
  • 40.
    40 MAHENDER MEHTA SAMPLEDATA FOR TWELTH YEAR – 2010 - Part 2 Date P/E Date P/E Date P/E Date P/E 02-Jul-10 21.93 16-Aug-10 22.76 29-Sep-10 25.29 11-Nov-10 25.11 05-Jul-10 21.93 17-Aug-10 22.75 30-Sep-10 25.46 12-Nov-10 24.62 06-Jul-10 22.15 18-Aug-10 23.02 01-Oct-10 25.54 15-Nov-10 24.39 07-Jul-10 21.95 19-Aug-10 23.28 04-Oct-10 25.61 16-Nov-10 23.86 08-Jul-10 22.18 20-Aug-10 23.24 05-Oct-10 25.55 18-Nov-10 23.9 09-Jul-10 22.42 23-Aug-10 23.29 06-Oct-10 25.72 19-Nov-10 23.47 12-Jul-10 22.56 24-Aug-10 23.13 07-Oct-10 25.44 22-Nov-10 23.98 13-Jul-10 22.63 25-Aug-10 22.98 08-Oct-10 25.37 23-Nov-10 23.69 14-Jul-10 22.57 26-Aug-10 23.05 11-Oct-10 25.51 24-Nov-10 23.41 15-Jul-10 22.54 27-Aug-10 22.76 12-Oct-10 25.32 25-Nov-10 23.15 16-Jul-10 22.61 30-Aug-10 22.78 13-Oct-10 25.91 26-Nov-10 22.96 19-Jul-10 22.61 31-Aug-10 22.73 14-Oct-10 25.68 29-Nov-10 23.26 20-Jul-10 22.53 01-Sep-10 23.02 15-Oct-10 25.2 30-Nov-10 23.39 21-Jul-10 22.66 02-Sep-10 23.08 18-Oct-10 25.07 01-Dec-10 23.78 22-Jul-10 22.75 03-Sep-10 23.05 19-Oct-10 24.87 02-Dec-10 23.96 23-Jul-10 22.78 06-Sep-10 23.46 20-Oct-10 24.69 03-Dec-10 23.89 26-Jul-10 22.53 07-Sep-10 23.58 21-Oct-10 25.18 06-Dec-10 23.88 27-Jul-10 22.58 08-Sep-10 23.59 22-Oct-10 25.03 07-Dec-10 23.82 28-Jul-10 22.44 09-Sep-10 23.73 25-Oct-10 25.2 08-Dec-10 23.53 29-Jul-10 22.49 13-Sep-10 24.32 26-Oct-10 24.98 09-Dec-10 22.98 30-Jul-10 22.31 14-Sep-10 24.47 27-Oct-10 24.69 10-Dec-10 23.35 02-Aug-10 22.91 15-Sep-10 24.74 28-Oct-10 24.59 13-Dec-10 23.58 03-Aug-10 22.95 16-Sep-10 24.61 29-Oct-10 24.71 14-Dec-10 23.72 04-Aug-10 23.07 17-Sep-10 24.84 01-Nov-10 25.12 15-Dec-10 23.51 05-Aug-10 22.98 20-Sep-10 25.25 02-Nov-10 25.13 16-Dec-10 23.74 06-Aug-10 22.95 21-Sep-10 25.37 03-Nov-10 25.3 20-Dec-10 23.73 09-Aug-10 23 22-Sep-10 25.29 04-Nov-10 25.47 21-Dec-10 23.95 10-Aug-10 22.89 23-Sep-10 25.16 05-Nov-10 25.59 22-Dec-10 23.88 11-Aug-10 22.72 24-Sep-10 25.41 08-Nov-10 25.43 23-Dec-10 23.86 12-Aug-10 22.71 27-Sep-10 25.48 09-Nov-10 25.55 24-Dec-10 23.99 13-Aug-10 22.86 28-Sep-10 25.45 10-Nov-10 25.44 27-Dec-10 23.94
  • 41.
    41 MAHENDER MEHTA Bibliography 1.Reference to Invetopedia site www.investopedia.com 2. Reference to National Stock Exchange www.national stockexchange.com 3. Reference of P/E ratio on NSE www.nseindia,com 4. Reference to indices of CNX Nifty and CNX Nifty Junior on NSE www.nse.com 5. Reference to Mr Warren Edward Buffett is an American business magnate, investor and philanthropist. ************************************************************************************************