and Portfolio Management is a tough subject for many students.This book is targeted at post-graduate students of management and commerce and reflects my understandingof the requirements of students. The book offers conceptual clarity, in-depth coverage and the Indian contextwith its emphasis on a student-friendly approach and an attempt to demystifying the ‘tough’ subject. The bookis divided into three parts.Part I elaborates the basics of investment and different forms of securities of the Indian stock markets. Theinvestment alternatives and the issue of the stock are examined in chapters 2 and 3 . The functioning of thesecondary market and how an investor goes about buying and selling the stocks is presented in chapter 4. Themajor stock exchanges and their trading pattern are depicted clearly in chapter 5. The chapter on listing ofsecurities explains how the stocks enter into the stock market. To have a better understanding of the stockindices, a separate chapter is drafted on that. Chapter 8 expounds SEBI and its role in the stock market.Part II exclusively deals with the different aspects of Security Analysis. The practical dimensions of the riskinvolved in the stock market investment and the quantitative terms of risk are discussed in chapter 9. Thetheoretical tenets and the assessment of the value of the bond and stocks are presented in chapters 10 and 11.The chapter on fundamental analysis gives systematic approach for estimating the present and future worth ofstocks through economic–industry–company analysis. Chapter 13 explores the various methods adopted bytechnical analysts to study the stock price movement. The chapter on efficient market theory portrays theefficient markets and the theory of random walk. The chapter on options and futures provides an idea about thederivatives market.Part III is devoted to Portfolio Analysis. The different approaches to portfolio construction are examined inchapter 16. The techniques adopted to minimise the risks are focused in chapters 17 and 18. Chapter 19introduces the capital market theory. The methods of evaluating the portfolio are explained in chapter 20.Finally, chapter 21 explains the strategies used to revise the portfolio.

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