Comprehension
The following table gives cost data of select stock prices on 3rd Dec 2003 in two markets, BSE of India and NQE of Kya Kya island. Closing stock refers to the price at the close of trading hours and opening stock to the price at the beginning of the day. The currency of Kya Kya is # and the exchange rate is # = Rs 11.
| 3rd Dec 2023 | ||||
| Closing | Opening | |||
| BSE(Rs) | NQE(in #) | BSE(Rs) | NQE(in #) | |
| SIFY | 247 | 22 | 232 | 21 |
| INFY | 115 | 10.5 | 105 | 9.5 |
| WIPRO | 65 | 6.5 | 60 | 5.5 |
| TCS | 444 | 40 | 450 | 40.5 |
Question: 1
Which share and which market showed the highest % increase on 3rd Dec 2003 ?
Which share and which market showed the highest % increase on 3rd Dec 2003 ?
Updated On: Aug 23, 2025
SIFY on BSE
- INFY on NQE
- Wipro on NQE
TCS on NQE
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The Correct Option is C
Solution and Explanation
Step 1: Understand the problem
We are asked to find which share and which market showed the highest percentage increase on 3rd Dec 2003. To solve this, we must calculate the percentage change for each stock in both markets (BSE and NQE) and then compare them.
Step 2: Formula for percentage increase
Percentage increase = [(Closing – Opening) ÷ Opening] × 100
Step 3: Calculate percentage change for each stock on BSE
- SIFY (BSE): (247 – 232) ÷ 232 × 100 = 15 ÷ 232 × 100 ≈ 6.47%
- INFY (BSE): (115 – 105) ÷ 105 × 100 = 10 ÷ 105 × 100 ≈ 9.52%
- WIPRO (BSE): (65 – 60) ÷ 60 × 100 = 5 ÷ 60 × 100 ≈ 8.33%
- TCS (BSE): (444 – 450) ÷ 450 × 100 = –6 ÷ 450 × 100 ≈ –1.33% (a decrease)
Step 4: Calculate percentage change for each stock on NQE
- SIFY (NQE): (22 – 21) ÷ 21 × 100 = 1 ÷ 21 × 100 ≈ 4.76%
- INFY (NQE): (10.5 – 9.5) ÷ 9.5 × 100 = 1 ÷ 9.5 × 100 ≈ 10.53%
- WIPRO (NQE): (6.5 – 5.5) ÷ 5.5 × 100 = 1 ÷ 5.5 × 100 ≈ 18.18%
- TCS (NQE): (40 – 40.5) ÷ 40.5 × 100 = –0.5 ÷ 40.5 × 100 ≈ –1.23% (a decrease)
Step 5: Compare all percentage increases
- Highest on BSE = INFY ≈ 9.52%
- Highest on NQE = WIPRO ≈ 18.18%
- Overall highest = WIPRO on NQE (18.18%)
Step 6: Conclusion
The share that showed the highest percentage increase was Wipro, and the market was NQE.
Final Answer: The correct option is (C): Wipro on NQE.
We are asked to find which share and which market showed the highest percentage increase on 3rd Dec 2003. To solve this, we must calculate the percentage change for each stock in both markets (BSE and NQE) and then compare them.
Step 2: Formula for percentage increase
Percentage increase = [(Closing – Opening) ÷ Opening] × 100
Step 3: Calculate percentage change for each stock on BSE
- SIFY (BSE): (247 – 232) ÷ 232 × 100 = 15 ÷ 232 × 100 ≈ 6.47%
- INFY (BSE): (115 – 105) ÷ 105 × 100 = 10 ÷ 105 × 100 ≈ 9.52%
- WIPRO (BSE): (65 – 60) ÷ 60 × 100 = 5 ÷ 60 × 100 ≈ 8.33%
- TCS (BSE): (444 – 450) ÷ 450 × 100 = –6 ÷ 450 × 100 ≈ –1.33% (a decrease)
Step 4: Calculate percentage change for each stock on NQE
- SIFY (NQE): (22 – 21) ÷ 21 × 100 = 1 ÷ 21 × 100 ≈ 4.76%
- INFY (NQE): (10.5 – 9.5) ÷ 9.5 × 100 = 1 ÷ 9.5 × 100 ≈ 10.53%
- WIPRO (NQE): (6.5 – 5.5) ÷ 5.5 × 100 = 1 ÷ 5.5 × 100 ≈ 18.18%
- TCS (NQE): (40 – 40.5) ÷ 40.5 × 100 = –0.5 ÷ 40.5 × 100 ≈ –1.23% (a decrease)
Step 5: Compare all percentage increases
- Highest on BSE = INFY ≈ 9.52%
- Highest on NQE = WIPRO ≈ 18.18%
- Overall highest = WIPRO on NQE (18.18%)
Step 6: Conclusion
The share that showed the highest percentage increase was Wipro, and the market was NQE.
Final Answer: The correct option is (C): Wipro on NQE.
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Question: 2
Arbitrage means buying in one market and selling simultaneously in another market. If Mr. Ghosh Babu were to buy a share at the opening price on one exchange and be able to sell it at the opening price on the other exchange, on which share does he make maximum % profit ?
Arbitrage means buying in one market and selling simultaneously in another market. If Mr. Ghosh Babu were to buy a share at the opening price on one exchange and be able to sell it at the opening price on the other exchange, on which share does he make maximum % profit ?
Updated On: Aug 23, 2025
SIFY on BSE
- INFY on NQE
Wipro on NQE
- TCS on NQE
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The Correct Option is D
Solution and Explanation
Step 1: Understand the problem
Arbitrage means buying in one market at its opening price and simultaneously selling in another market at its opening price. To find the best arbitrage opportunity, we need to compare the relative prices of shares across BSE and NQE using the given exchange rate (#1 = Rs 11). The share with the maximum % profit difference is the answer.
Step 2: Compare SIFY
- Opening price on BSE = Rs 232
- Opening price on NQE = 21# = 21 × 11 = Rs 231
If bought on NQE (Rs 231) and sold on BSE (Rs 232), profit = 1.
% profit = (1 ÷ 231) × 100 ≈ 0.43%
Step 3: Compare INFY
- Opening price on BSE = Rs 105
- Opening price on NQE = 9.5# = 9.5 × 11 = Rs 104.5
If bought on NQE (Rs 104.5) and sold on BSE (Rs 105), profit = 0.5.
% profit = (0.5 ÷ 104.5) × 100 ≈ 0.48%
Step 4: Compare WIPRO
- Opening price on BSE = Rs 60
- Opening price on NQE = 5.5# = 5.5 × 11 = Rs 60.5
If bought on BSE (Rs 60) and sold on NQE (Rs 60.5), profit = 0.5.
% profit = (0.5 ÷ 60) × 100 ≈ 0.83%
Step 5: Compare TCS
- Opening price on BSE = Rs 450
- Opening price on NQE = 40.5# = 40.5 × 11 = Rs 445.5
If bought on NQE (Rs 445.5) and sold on BSE (Rs 450), profit = 4.5.
% profit = (4.5 ÷ 445.5) × 100 ≈ 1.01%
Step 6: Conclusion
The maximum % profit occurs in TCS when bought on NQE and sold on BSE, with a profit of about 1.01%.
Final Answer: The correct option is (D): TCS on NQE.
Arbitrage means buying in one market at its opening price and simultaneously selling in another market at its opening price. To find the best arbitrage opportunity, we need to compare the relative prices of shares across BSE and NQE using the given exchange rate (#1 = Rs 11). The share with the maximum % profit difference is the answer.
Step 2: Compare SIFY
- Opening price on BSE = Rs 232
- Opening price on NQE = 21# = 21 × 11 = Rs 231
If bought on NQE (Rs 231) and sold on BSE (Rs 232), profit = 1.
% profit = (1 ÷ 231) × 100 ≈ 0.43%
Step 3: Compare INFY
- Opening price on BSE = Rs 105
- Opening price on NQE = 9.5# = 9.5 × 11 = Rs 104.5
If bought on NQE (Rs 104.5) and sold on BSE (Rs 105), profit = 0.5.
% profit = (0.5 ÷ 104.5) × 100 ≈ 0.48%
Step 4: Compare WIPRO
- Opening price on BSE = Rs 60
- Opening price on NQE = 5.5# = 5.5 × 11 = Rs 60.5
If bought on BSE (Rs 60) and sold on NQE (Rs 60.5), profit = 0.5.
% profit = (0.5 ÷ 60) × 100 ≈ 0.83%
Step 5: Compare TCS
- Opening price on BSE = Rs 450
- Opening price on NQE = 40.5# = 40.5 × 11 = Rs 445.5
If bought on NQE (Rs 445.5) and sold on BSE (Rs 450), profit = 4.5.
% profit = (4.5 ÷ 445.5) × 100 ≈ 1.01%
Step 6: Conclusion
The maximum % profit occurs in TCS when bought on NQE and sold on BSE, with a profit of about 1.01%.
Final Answer: The correct option is (D): TCS on NQE.
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Question: 3
In an M and A deal SIFY is purchased by its parent company SATYAM which purchases 15% of SIFY’s equity shares. Total SIFY’s equity shares is 1 million. How much does Satyam pay in Rs. for the stake if 50% of its purchases were on BSE’s opening price and balance on BSE’s closing price ?
In an M and A deal SIFY is purchased by its parent company SATYAM which purchases 15% of SIFY’s equity shares. Total SIFY’s equity shares is 1 million. How much does Satyam pay in Rs. for the stake if 50% of its purchases were on BSE’s opening price and balance on BSE’s closing price ?
Updated On: Jul 25, 2024
- 36 million
- 3.5 million
- 363 million
- 217 million
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The Correct Option is A
Solution and Explanation
The correct option is (A) :36 million.
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