CVR SUZLON Project Final

X YDate Adj Close NIFTY Adj Close SUZLON Market Return Suzlon Return

4/2/2007 3633.6 210.064/3/2007 3690.65 208.94 0.0157006825 -0.005331814/4/2007 3733.25 219.51 0.0115426822 0.05058868574/5/2007 3752 236.38 0.0050224335 0.07685299084/9/2007 3843.5 227.74 0.0243869936 -0.0365513157

4/10/2007 3848.15 234.88 0.0012098348 0.03135154124/11/2007 3862.65 234.8 0.0037680444 -0.00034059954/12/2007 3829.85 236.82 -0.0084915796 0.00860306644/13/2007 3917.35 227.83 0.0228468478 -0.03796132084/16/2007 4013.35 232.48 0.0245063627 0.02040995484/17/2007 3984.95 236.62 -0.0070763826 0.01780798354/18/2007 4011.6 243.57 0.0066876623 0.02937198884/19/2007 3997.65 235.67 -0.0034774155 -0.03243420784/20/2007 4083.55 236.25 0.021487624 0.00246106844/23/2007 4085.1 236.25 0.0003795717 04/24/2007 4141.8 236.25 0.0138797092 04/25/2007 4167.3 239.31 0.0061567434 0.0129523814/26/2007 4177.85 238.2 0.0025316152 -0.00463833524/27/2007 4083.5 240 -0.0225833862 0.00755667514/30/2007 4087.9 240.64 0.001077507 0.0026666667

5/3/2007 4150.85 248.52 0.0153991047 0.03274601065/4/2007 4117.35 249.86 -0.0080706361 0.00539192025/7/2007 4111.15 245.31 -0.0015058229 -0.01821019775/8/2007 4077 248.97 -0.0083066782 0.01491989735/9/2007 4079.3 226.28 0.0005641403 -0.0911354782

5/10/2007 4066.8 225.55 -0.0030642512 -0.00322609165/11/2007 4076.65 226.09 0.0024220517 0.00239414765/14/2007 4134.3 225.13 0.0141415133 -0.00424609675/15/2007 4120.3 225.34 -0.0033863048 0.00093279445/16/2007 4170.95 228.91 0.0122927942 0.01584272655/17/2007 4219.55 229.74 0.0116520217 0.00362587925/18/2007 4214.5 229.6 -0.0011968101 -0.00060938455/21/2007 4260.9 273.78 0.0110096097 0.19242160285/22/2007 4278.1 255.57 0.0040367059 -0.06651325885/23/2007 4246.2 258.06 -0.0074565812 0.00974292765/24/2007 4204.9 255.94 -0.0097263436 -0.00821514385/25/2007 4248.15 256.46 0.0102856192 0.00203172625/28/2007 4256.55 256.46 0.0019773313 05/29/2007 4293.25 256.62 0.0086220061 0.0006238795/30/2007 4249.65 269.32 -0.0101554766 0.04948951765/31/2007 4295.8 260.8 0.0108597179 -0.0316352295

6/4/2007 4267.05 273.21 -0.0066925835 0.04758435586/5/2007 4284.65 266.95 0.0041246294 -0.0229127777

6/6/2007 4198.25 267.96 -0.0201650076 0.00378348016/7/2007 4179.5 263.46 -0.0044661466 -0.01679355136/8/2007 4145 257.72 -0.0082545759 -0.0217869885

6/11/2007 4145.6 261.23 0.0001447527 0.01361943196/12/2007 4155.2 276 0.0023157082 0.05654021366/13/2007 4113.05 269.34 -0.0101439161 -0.02413043486/14/2007 4170 275.98 0.0138461725 0.02465285516/15/2007 4171.45 274.99 0.0003477218 -0.00358721656/18/2007 4147.1 273.77 -0.0058372988 -0.0044365256/19/2007 4214.3 274.17 0.0162040944 0.00146108056/20/2007 4248.65 270.96 0.0081508198 -0.01170806436/21/2007 4267.4 285.6 0.0044131665 0.05403011516/22/2007 4252.05 304.57 -0.003597038 0.06642156866/25/2007 4259.4 296.28 0.001728578 -0.02721870186/26/2007 4285.7 297.48 0.0061745786 0.00405022286/27/2007 4263.95 296.16 -0.0050750169 -0.00443727316/28/2007 4282 298.75 0.0042331641 0.00874527286/29/2007 4318.3 294.04 0.008477347 -0.0157656904

7/2/2007 4313.75 289.6 -0.0010536554 -0.01509998647/3/2007 4357.55 298.1 0.0101535787 0.02935082877/4/2007 4359.3 299.31 0.0004016018 0.00405904067/5/2007 4353.95 287.37 -0.0012272613 -0.0398917517/6/2007 4384.85 288.37 0.0070970039 0.00347983447/9/2007 4419.4 291.23 0.0078794029 0.0099178139

7/10/2007 4406.05 293.04 -0.0030207721 0.00621501917/11/2007 4387.15 291.1 -0.0042895564 -0.00662025667/12/2007 4446.15 292.43 0.0134483663 0.00456887677/13/2007 4504.55 294.16 0.0131349595 0.00591594577/16/2007 4512.15 294.67 0.001687183 0.00173375037/17/2007 4496.75 298.93 -0.0034130071 0.014456857/18/2007 4499.55 304.71 0.0006226719 0.01933563047/19/2007 4562.1 298.25 0.0139013901 -0.02120048577/20/2007 4566.05 278.87 0.0008658293 -0.06497904447/23/2007 4619.35 258.67 0.0116731091 -0.07243518497/24/2007 4620.75 260.18 0.0003030729 0.00583755367/25/2007 4588.7 248.89 -0.0069361034 -0.04339303567/26/2007 4619.8 252.88 0.0067775187 0.01603117847/27/2007 4445.2 239.23 -0.0377938439 -0.05397817157/30/2007 4440.05 244.78 -0.001158553 0.02319943157/31/2007 4528.85 247.31 0.0199997748 0.0103358117

8/1/2007 4345.85 238.03 -0.040407609 -0.03752375568/2/2007 4356.35 248.23 0.0024160981 0.04285174148/3/2007 4401.55 253.93 0.0103756585 0.0229625758/6/2007 4339.5 251.53 -0.0140973066 -0.00945142368/7/2007 4356.35 257.89 0.0038829358 0.0252852542

8/8/2007 4462.1 257.69 0.024274909 -0.00077552448/9/2007 4403.2 262.61 -0.0132000628 0.0190927083

8/10/2007 4333.35 262.61 -0.0158634629 08/13/2007 4373.65 239.33 0.0092999642 -0.08864856638/14/2007 4370.2 233.17 -0.0007888148 -0.025738528/16/2007 4178.6 256.21 -0.0438423871 0.09881202568/17/2007 4108.05 245.11 -0.0168836452 -0.04332383598/20/2007 4209.05 255.65 0.0245858741 0.04300110158/21/2007 4074.9 250.28 -0.0318718 -0.02100528078/22/2007 4153.15 247.08 0.0192029252 -0.012785688/23/2007 4114.95 252.87 -0.0091978378 0.02343370578/24/2007 4190.15 246.5 0.0182748272 -0.02519080958/27/2007 4302.6 244.28 0.0268367481 -0.00900608528/28/2007 4320.7 249.68 0.0042067587 0.02210578038/29/2007 4359.3 250.28 0.0089337376 0.00240307598/30/2007 4412.3 250.68 0.0121579153 0.001598218/31/2007 4464 249.88 0.011717245 -0.0031913196

9/3/2007 4474.75 255.19 0.0024081541 0.02125020019/4/2007 4479.25 258.64 0.0010056428 0.01351933859/5/2007 4475.85 253.66 -0.0007590556 -0.01925456239/6/2007 4518.6 253.66 0.0095512584 09/7/2007 4509.5 264 -0.0020138981 0.0407632264

9/10/2007 4507.85 264.6 -0.0003658942 0.00227272739/11/2007 4497.05 274.35 -0.0023958206 0.03684807269/12/2007 4496.85 271.64 -4.4473599E-005 -0.00987789329/13/2007 4528.95 277.14 0.0071383302 0.02024738629/14/2007 4518 285.89 -0.002417779 0.03157249049/17/2007 4494.65 293.07 -0.005168216 0.02511455459/18/2007 4546.2 298.41 0.0114691911 0.01822090299/19/2007 4732.35 290.54 0.0409462848 -0.02637311089/20/2007 4747.55 285.89 0.0032119349 -0.01600468099/21/2007 4837.55 285.49 0.0189571463 -0.00139913959/24/2007 4932.2 284.6 0.0195656892 -0.00311744729/25/2007 4938.85 287.09 0.0013482827 0.00874912169/26/2007 4940.5 288.48 0.0003340859 0.00484168739/27/2007 5000.55 293.45 0.0121546402 0.01722823079/28/2007 5021.35 293.45 0.0041595425 010/1/2007 5068.95 310.41 0.0094795224 0.057795195110/3/2007 5210.8 325.32 0.0279840993 0.048033246410/4/2007 5208.65 325.68 -0.0004126046 0.001106602710/5/2007 5185.85 326.28 -0.0043773339 0.001842299210/8/2007 5085.1 333.52 -0.0194278662 0.022189530510/9/2007 5327.25 355.14 0.0476195158 0.0648236987

10/10/2007 5441.45 353.73 0.0214369515 -0.003970265210/11/2007 5524.85 338.22 0.0153267971 -0.043847002

10/12/2007 5428.25 350.95 -0.0174846376 0.037638223610/15/2007 5670.4 357.17 0.0446092203 0.017723322410/16/2007 5668.05 355.2 -0.0004144328 -0.005515580810/17/2007 5559.3 321.3 -0.0191864927 -0.095439189210/18/2007 5351 309.37 -0.0374687461 -0.037130407710/19/2007 5215.3 318.4 -0.0253597458 0.029188350510/22/2007 5184 346.77 -0.0060015723 0.089101758810/23/2007 5473.7 369.25 0.0558834877 0.064826830510/24/2007 5496.15 384.95 0.0041014305 0.042518618810/25/2007 5568.95 386.58 0.0132456356 0.004234316110/26/2007 5702.3 397.47 0.023945268 0.028170107110/29/2007 5905.9 392.95 0.035704891 -0.011371927410/30/2007 5868.75 391.53 -0.0062903198 -0.003613691310/31/2007 5900.65 389.94 0.0054355698 -0.0040609915

11/1/2007 5866.45 391.93 -0.0057959716 0.005103349211/2/2007 5932.4 383.97 0.0112418925 -0.020309749211/5/2007 5847.3 380.99 -0.0143449531 -0.00776102311/6/2007 5786.5 376.06 -0.0103979615 -0.012939972211/7/2007 5782.35 375.02 -0.0007171866 -0.002765516111/8/2007 5698.75 382.98 -0.0144577897 0.021225534611/9/2007 5663.25 375.02 -0.0062294363 -0.0207843752

11/12/2007 5617.1 390.74 -0.008149031 0.041917764411/13/2007 5695.4 396.29 0.0139395774 0.014203818411/14/2007 5937.9 403.87 0.042578221 0.019127406711/15/2007 5912.1 410.61 -0.0043449704 0.016688538411/16/2007 5906.85 417 -0.0008880093 0.015562212311/19/2007 5907.65 401.82 0.000135436 -0.036402877711/20/2007 5780.9 379.99 -0.0214552318 -0.054327808511/21/2007 5561.05 378.01 -0.0380304105 -0.005210663411/22/2007 5519.35 369.65 -0.0074985839 -0.02211581711/23/2007 5608.6 387.36 0.0161703824 0.047910185311/26/2007 5731.7 380.39 0.0219484363 -0.017993597711/27/2007 5698.15 365.96 -0.0058534117 -0.037934751211/28/2007 5617.55 365.01 -0.0141449418 -0.002595912111/29/2007 5634.6 376.02 0.003035131 0.030163557211/30/2007 5762.75 376.07 0.0227434068 0.0001329717

12/3/2007 5865 373.23 0.0177432649 -0.007551785612/4/2007 5858.35 375.01 -0.0011338448 0.004769177212/5/2007 5940 387.36 0.0139373714 0.032932455112/6/2007 5954.7 386.56 0.0024747475 -0.002065262312/7/2007 5974.3 395.74 0.0032915176 0.0237479305

12/10/2007 5960.6 408.84 -0.0022931557 0.033102542112/11/2007 6097.25 395.85 0.0229255444 -0.031772820712/12/2007 6159.3 389.94 0.010176719 -0.014929897712/13/2007 6058.1 390.94 -0.0164304385 0.0025644971

12/14/2007 6047.7 363.89 -0.0017167099 -0.069192203412/17/2007 5777 369.85 -0.0447608182 0.016378575912/18/2007 5742.3 381.79 -0.0060065778 0.032283358112/19/2007 5751.15 368.05 0.0015411943 -0.035988370612/20/2007 5766.5 368.05 0.0026690314 012/24/2007 5985.1 379.8 0.0379086101 0.031925010212/26/2007 6070.75 379.8 0.0143105378 012/27/2007 6081.5 376.61 0.0017707861 -0.008399157512/28/2007 6079.7 383.97 -0.0002959796 0.019542763112/31/2007 6138.6 377.61 0.009687978 -0.016563794

1/1/2008 6144.35 385.76 0.0009366957 0.02158311491/2/2008 6179.4 388.53 0.0057044276 0.00718063041/3/2008 6178.55 390.93 -0.0001375538 0.00617712921/4/2008 6274.3 399.49 0.0154971636 0.02189650321/7/2008 6279.1 405.06 0.0007650256 0.0139427771/8/2008 6287.85 430.73 0.0013935118 0.06337332741/9/2008 6272 453.61 -0.0025207344 0.0531191233

1/10/2008 6156.95 444.26 -0.0183434311 -0.02061242041/11/2008 6200.1 439.48 0.0070083402 -0.01075946521/14/2008 6206.8 423.89 0.0010806277 -0.03547374171/15/2008 6074.25 423.59 -0.02135561 -0.00070773081/16/2008 5935.75 406.65 -0.0228011689 -0.03999150121/17/2008 5913.2 399.49 -0.0037990144 -0.0176072791/18/2008 5705.3 393.72 -0.0351586282 -0.01444341541/21/2008 5208.8 379.99 -0.0870243458 -0.03487249821/22/2008 4899.3 1899.97 -0.0594186761 4.0000526331/23/2008 5203.4 1899.97 0.0620700916 01/24/2008 5033.45 379.85 -0.0326613368 -0.80007579071/25/2008 5383.35 343.19 0.069514945 -0.0965117811/28/2008 5274.1 333.24 -0.0202940548 -0.02899268631/29/2008 5280.8 313.89 0.0012703589 -0.05806625861/30/2008 5167.6 339.21 -0.021436146 0.08066520121/31/2008 5137.45 318.57 -0.0058344299 -0.0608472628

2/1/2008 5317.25 310.91 0.0349979075 -0.02404495092/4/2008 5463.5 319.81 0.0275048192 0.02862564732/5/2008 5483.9 332.05 0.0037338702 0.03827272442/6/2008 5322.55 325.93 -0.0294224913 -0.01843095922/7/2008 5133.25 313.69 -0.0355656593 -0.0375540762/8/2008 5120.35 307.38 -0.0025130278 -0.0201154006

2/11/2008 4857 307.48 -0.051432031 0.00032533022/12/2008 4838.25 298.43 -0.0038604077 -0.02943280862/13/2008 4929.45 298.43 0.0188497907 02/14/2008 5202 310.21 0.0552901439 0.03947324332/15/2008 5302.9 336.23 0.019396386 0.08387866282/18/2008 5276.9 329.91 -0.0049029776 -0.0187966571

2/19/2008 5280.8 320.81 0.0007390703 -0.02758328032/20/2008 5154.45 314.34 -0.023926299 -0.02016770052/21/2008 5191.8 307.48 0.0072461659 -0.02182350322/22/2008 5110.75 306.38 -0.0156111561 -0.00357746852/25/2008 5200.7 301.51 0.0176001565 -0.01589529342/26/2008 5270.05 294.89 0.0133347434 -0.0219561542/27/2008 5268.4 311.11 -0.00031309 0.05500356062/28/2008 5285.1 300.81 0.0031698428 -0.03310726112/29/2008 5223.5 296.54 -0.0116554086 -0.0141950068

3/3/2008 4953 279.52 -0.0517852015 -0.05739529243/4/2008 4864.25 248.79 -0.0179184333 -0.10993846593/5/2008 4921.4 240.68 0.0117489849 -0.03259777323/7/2008 4771.6 237.7 -0.0304384931 -0.0123815855

3/10/2008 4800.4 246.05 0.0060357113 0.0351283133/11/2008 4865.9 249.04 0.0136446963 0.01215200163/12/2008 4872 269.38 0.0012536221 0.08167362673/13/2008 4623.6 264.11 -0.0509852217 -0.0195634423/14/2008 4745.8 234.66 0.0264296219 -0.11150656923/18/2008 4533 247.2 -0.0448396477 0.05343901823/19/2008 4573.95 237.1 0.0090337525 -0.04085760523/25/2008 4877.5 236.75 0.0663649581 -0.00147617043/26/2008 4828.85 232.77 -0.0099743721 -0.0168109823/27/2008 4830.25 226.26 0.0002899241 -0.02796752163/28/2008 4942 240.63 0.0231354485 0.0635110053/31/2008 4734.5 265.9 -0.0419870498 0.1050159997

4/1/2008 4739.55 260.92 0.0010666385 -0.01872884544/2/2008 4754.2 279.33 0.0030910107 0.07055802544/3/2008 4771.6 280.92 0.0036599218 0.0056921924/4/2008 4647 271.07 -0.0261128343 -0.03506336324/7/2008 4761.2 278.48 0.0245749946 0.02733611244/8/2008 4709.65 293.5 -0.0108271024 0.05393565074/9/2008 4747.05 288.53 0.0079411421 -0.0169335605

4/10/2008 4733 300.91 -0.0029597329 0.042907154/11/2008 4777.8 288.48 0.0094654553 -0.04130803234/15/2008 4879.65 290.77 0.0213173427 0.00793815864/16/2008 4887.3 290.47 0.0015677354 -0.00103174334/17/2008 4958.4 288.48 0.0145479099 -0.00685096574/21/2008 5037 298.43 0.0158518877 0.03449112594/22/2008 5049.3 303.95 0.0024419297 0.01849679994/23/2008 5022.8 293.4 -0.0052482522 -0.03470965624/24/2008 4999.85 286.39 -0.0045691646 -0.02389229724/25/2008 5111.7 282.56 0.0223706711 -0.0133733724/28/2008 5089.65 288.23 -0.0043136334 0.02006653454/29/2008 5195.5 277.24 0.0207971079 -0.03812927184/30/2008 5165.9 286.74 -0.005697238 0.0342663396

5/2/2008 5228.2 283.5 0.012059854 -0.0112994355/5/2008 5192.25 286.49 -0.0068761715 0.01054673725/6/2008 5144.65 288.58 -0.0091675093 0.00729519355/7/2008 5135.5 283.8 -0.0017785466 -0.01656386445/8/2008 5081.7 280.82 -0.0104760978 -0.01050035245/9/2008 4982.6 277.63 -0.019501348 -0.0113595898

5/12/2008 5012.65 267.59 0.0060309878 -0.03616323885/13/2008 4957.8 279.52 -0.0109423159 0.04458313095/14/2008 5011.75 278.73 0.0108818428 -0.00282627365/15/2008 5115.25 282.51 0.020651469 0.01356151115/16/2008 5157.7 290.96 0.0082987146 0.02991044565/20/2008 5104.95 304.39 -0.010227427 0.04615754745/21/2008 5117.65 316.83 0.0024877815 0.04086862255/22/2008 5025.45 306.28 -0.0180160816 -0.03329861445/23/2008 4946.55 289.17 -0.0157000866 -0.05586391545/26/2008 4875.05 295.24 -0.0144545188 0.02099111255/27/2008 4859.8 303.6 -0.003128173 0.02831594635/28/2008 4918.35 294.69 0.0120478209 -0.02934782615/29/2008 4835.3 287.63 -0.0168857442 -0.02395737895/30/2008 4870.1 274.55 0.0071970715 -0.0454750895

6/2/2008 4739.6 275.2 -0.0267961643 0.00236751056/3/2008 4715.9 266.64 -0.005000422 -0.03110465126/4/2008 4585.6 256.84 -0.0276299328 -0.03675367546/5/2008 4676.95 242.72 0.0199210572 -0.05497586056/6/2008 4627.8 267.59 -0.0105089856 0.10246374426/9/2008 4500.95 278.03 -0.0274104326 0.0390149109

6/10/2008 4449.8 269.03 -0.0113642675 -0.03237060756/11/2008 4523.6 268.88 0.0165850151 -0.00055755866/12/2008 4539.35 250.68 0.0034817402 -0.0676881886/13/2008 4517.1 243.71 -0.0049015828 -0.02780437216/16/2008 4572.5 241.38 0.012264506 -0.00956054336/17/2008 4653 243.71 0.0176052488 0.00965282966/18/2008 4582.4 247.49 -0.0151730067 0.01551023766/19/2008 4504.25 244.91 -0.017054382 -0.01042466366/20/2008 4347.55 242.92 -0.0347893656 -0.00812543386/23/2008 4266.4 227.9 -0.0186656853 -0.06183105556/24/2008 4191.1 236.75 -0.0176495406 0.03883282146/25/2008 4252.65 243.02 0.014685882 0.02648363256/26/2008 4315.85 243.56 0.0148613218 0.00222203936/27/2008 4136.65 229.74 -0.0415213689 -0.05674166536/30/2008 4040.55 214.77 -0.0232313587 -0.0651606163

7/1/2008 3896.75 196.46 -0.0355892143 -0.08525399267/2/2008 4093.35 198.95 0.0504523 0.01267433577/3/2008 3925.75 177.07 -0.0409444587 -0.10997738137/4/2008 4016 188.26 0.0229892377 0.0631953465

7/7/2008 4030 190.54 0.0034860558 0.01211091047/8/2008 3988.55 196.36 -0.0102853598 0.03054476757/9/2008 4157.1 208.05 0.0422584649 0.0595335099

7/10/2008 4162.2 204.92 0.0012268168 -0.01504446057/11/2008 4049 199.94 -0.0271971554 -0.02430216677/14/2008 4039.7 196.16 -0.0022968634 -0.01890567177/15/2008 3861.1 184.73 -0.0442112038 -0.05826876027/16/2008 3816.7 189.5 -0.0114993137 0.02582146927/17/2008 3947.2 195 0.0341918411 0.02902374677/18/2008 4092.25 193 0.0367475679 -0.01025641037/21/2008 4159.5 194.3 0.0164335024 0.00673575137/22/2008 4240.1 199.65 0.019377329 0.02753474017/23/2008 4476.8 219.8 0.0558241551 0.10092662167/24/2008 4433.55 214.8 -0.0096609185 -0.02274795277/25/2008 4311.85 212.3 -0.0274497863 -0.01163873377/28/2008 4332.1 213.75 0.00469636 0.00682995767/29/2008 4189.85 213 -0.0328362688 -0.00350877197/30/2008 4313.55 218.4 0.02952373 0.02535211277/31/2008 4332.95 222 0.0044974557 0.0164835165

8/1/2008 4413.55 239.05 0.0186016455 0.07680180188/4/2008 4395.35 235.4 -0.0041236646 -0.01526877228/5/2008 4502.85 241.15 0.0244576655 0.02442650818/6/2008 4517.55 241 0.0032645991 -0.00062201958/7/2008 4523.85 241.9 0.0013945612 0.00373443988/8/2008 4529.5 248 0.0012489362 0.0252170318

8/11/2008 4620.4 249 0.0200684402 0.00403225818/12/2008 4552.25 245 -0.0147498052 -0.0160642578/13/2008 4529.05 244.5 -0.0050963809 -0.00204081638/14/2008 4430.7 241.05 -0.0217153708 -0.01411042948/18/2008 4393.05 233.35 -0.0084975286 -0.03194358028/19/2008 4368.25 240 -0.0056452806 0.02849796448/20/2008 4415.75 235.6 0.0108739198 -0.01833333338/21/2008 4283.85 225 -0.0298703505 -0.0449915118/22/2008 4327.45 225.35 0.0101777607 0.00155555568/25/2008 4335.35 216 0.0018255555 -0.0414910148/26/2008 4337.5 209.4 0.0004959231 -0.03055555568/27/2008 4292.1 205.05 -0.0104668588 -0.0207736398/28/2008 4214 208.8 -0.018196221 0.01828822248/29/2008 4360 217.95 0.0346464167 0.0438218391

9/1/2008 4348.65 217.3 -0.002603211 -0.00298233549/2/2008 4504 230.1 0.0357237304 0.058904749/4/2008 4447.75 227.1 -0.0124888988 -0.01303780969/5/2008 4352.3 225.7 -0.0214602889 -0.00616468529/8/2008 4482.3 234.65 0.0298692645 0.03965440859/9/2008 4468.7 240.7 -0.0030341566 0.0257830812

9/10/2008 4400.25 244.65 -0.0153176539 0.01641046959/11/2008 4290.3 227.4 -0.0249872166 -0.07050889039/12/2008 4228.45 216.5 -0.0144162413 -0.04793315749/15/2008 4072.9 211.6 -0.0367865293 -0.02263279459/16/2008 4074.9 201 0.0004910506 -0.0500945189/17/2008 4008.25 196.8 -0.0163562296 -0.02089552249/18/2008 4038.15 210.5 0.0074596145 0.06961382119/19/2008 4245.25 213.5 0.0512858611 0.01425178159/22/2008 4223.05 197.8 -0.005229374 -0.07353629989/23/2008 4126.9 193.35 -0.0227679047 -0.02249747229/24/2008 4161.25 196.45 0.0083234389 0.01603310069/25/2008 4110.55 181.5 -0.012183839 -0.0761007899/26/2008 3985.25 173.25 -0.0304825388 -0.04545454559/29/2008 3850.05 154.4 -0.0339250988 -0.10880230889/30/2008 3921.2 153.75 0.0184802795 -0.004209844610/1/2008 3950.75 151 0.0075359584 -0.017886178910/3/2008 3818.3 147.8 -0.03352528 -0.02119205310/6/2008 3602.35 127.05 -0.0565565828 -0.140392422210/7/2008 3606.6 125.1 0.0011797854 -0.015348288110/8/2008 3513.65 114.75 -0.0257721954 -0.0827338129

10/10/2008 3279.95 92.55 -0.0665120316 -0.193464052310/13/2008 3490.7 108 0.0642540283 0.166936790910/14/2008 3518.65 110.6 0.00800699 0.024074074110/15/2008 3338.4 102.4 -0.0512270331 -0.074141048810/16/2008 3269.3 92.55 -0.0206985382 -0.096191406310/17/2008 3074.35 86.8 -0.0596305019 -0.062128579110/20/2008 3122.8 85.2 0.0157594288 -0.018433179710/21/2008 3234.9 93.2 0.0358972717 0.093896713610/22/2008 3065.15 85.4 -0.0524745742 -0.083690987110/23/2008 2943.15 77 -0.0398022935 -0.098360655710/24/2008 2584 46.5 -0.1220291185 -0.396103896110/27/2008 2524.2 46.85 -0.0231424149 0.007526881710/28/2008 2684.6 52.85 0.0635448855 0.128068303110/29/2008 2697.05 47.25 0.0046375624 -0.105960264910/31/2008 2885.6 44.4 0.0699097162 -0.0603174603

11/3/2008 3043.85 46.2 0.0548412808 0.040540540511/4/2008 3142.1 55.2 0.0322782003 0.194805194811/5/2008 2994.95 58.45 -0.0468317367 0.058876811611/6/2008 2892.65 61.5 -0.0341574985 0.052181351611/7/2008 2973 71.55 0.0277772976 0.1634146341

11/10/2008 3148.25 68.9 0.0589471914 -0.03703703711/11/2008 2938.65 59.7 -0.0665766696 -0.133526850511/12/2008 2848.45 57.45 -0.0306943665 -0.037688442211/14/2008 2810.35 54.3 -0.0133756956 -0.054830287211/17/2008 2799.55 54.1 -0.0038429377 -0.0036832413

11/18/2008 2683.15 50.25 -0.0415781108 -0.071164510211/19/2008 2635 47.35 -0.0179453255 -0.057711442811/20/2008 2553.15 46.6 -0.0310626186 -0.015839493111/21/2008 2693.45 49.7 0.0549517263 0.066523605211/24/2008 2708.25 46.4 0.0054948115 -0.066398390311/25/2008 2654 42 -0.0200313856 -0.094827586211/26/2008 2752.25 41 0.0370195931 -0.023809523811/28/2008 2755.1 41.7 0.0010355164 0.0170731707

12/1/2008 2682.9 39.5 -0.0262059453 -0.052757793812/2/2008 2657.8 37 -0.0093555481 -0.063291139212/3/2008 2656.45 37.85 -0.0005079389 0.02297297312/4/2008 2788 41.5 0.0495209772 0.096433289312/5/2008 2714.4 42.5 -0.0263988522 0.024096385512/8/2008 2784 44.95 0.0256410256 0.0576470588

12/10/2008 2928.25 48.8 0.0518139368 0.08565072312/11/2008 2920.15 50.5 -0.0027661573 0.034836065612/12/2008 2921.35 52.35 0.0004109378 0.036633663412/15/2008 2981.2 54.1 0.0204871036 0.033428844312/16/2008 3041.75 58.1 0.0203106132 0.073937153412/17/2008 2954.35 53.5 -0.0287334594 -0.079173838212/18/2008 3060.75 59.3 0.0360146902 0.10841121512/19/2008 3077.5 57.75 0.0054725149 -0.026138279912/22/2008 3039.3 61.35 -0.0124126726 0.062337662312/23/2008 2968.65 57.1 -0.0232454842 -0.069274653612/24/2008 2916.85 59.5 -0.0174490088 0.042031523612/26/2008 2857.25 56.9 -0.0204330014 -0.04369747912/29/2008 2922.2 60.15 0.0227316476 0.057117750412/30/2008 2979.5 61.8 0.0196085141 0.027431421412/31/2008 2959.15 62.35 -0.006830005 0.0088996764

1/1/2009 3033.45 67.1 0.0251085616 0.07618283881/2/2009 3046.75 64.45 0.0043844468 -0.03949329361/5/2009 3121.45 67.65 0.0245179289 0.04965089221/6/2009 3112.8 68.1 -0.002771148 0.00665188471/7/2009 2920.4 52.45 -0.0618093035 -0.22980910431/9/2009 2873 52.8 -0.0162306533 0.0066730219

1/12/2009 2773.1 50.05 -0.0347720153 -0.05208333331/13/2009 2744.95 47.9 -0.0101510944 -0.0429570431/14/2009 2835.3 50.2 0.0329149893 0.04801670151/15/2009 2736.7 48.15 -0.0347758615 -0.04083665341/16/2009 2828.45 51.1 0.0335257792 0.06126687441/19/2009 2846.2 53.9 0.0062755219 0.05479452051/20/2009 2796.6 52 -0.0174267444 -0.03525046381/21/2009 2706.15 49.2 -0.0323428449 -0.05384615381/22/2009 2713.8 48.85 0.0028268943 -0.00711382111/23/2009 2678.55 48.7 -0.0129891665 -0.0030706244

1/27/2009 2771.35 47.15 0.0346456105 -0.03182751541/28/2009 2849.5 45.95 0.0281992531 -0.02545068931/29/2009 2823.95 44.45 -0.0089664853 -0.03264417851/30/2009 2874.8 47.55 0.0180066928 0.0697412823

2/2/2009 2766.65 44.45 -0.0376200083 -0.06519453212/3/2009 2783.9 43.1 0.0062349773 -0.03037120362/4/2009 2803.05 42.1 0.006878839 -0.02320185612/5/2009 2780.05 43.1 -0.0082053477 0.02375296912/6/2009 2843.1 43.7 0.0226794482 0.01392111372/9/2009 2919.9 45 0.0270127678 0.0297482838

2/10/2009 2934.5 44.85 0.0050001712 -0.00333333332/11/2009 2925.7 46 -0.0029988073 0.02564102562/12/2009 2893.05 45.8 -0.0111597225 -0.00434782612/13/2009 2948.35 46.85 0.0191147751 0.02292576422/16/2009 2848.5 44.6 -0.0338663999 -0.04802561372/17/2009 2770.5 41.55 -0.0273828331 -0.06838565022/18/2009 2776.15 41.75 0.0020393431 0.00481347772/19/2009 2789.35 42.95 0.0047547863 0.0287425152/20/2009 2736.45 41.75 -0.0189649918 -0.02793946452/24/2009 2733.9 40.3 -0.0009318643 -0.03473053892/25/2009 2762.5 41.5 0.0104612458 0.02977667492/26/2009 2785.65 41.55 0.0083800905 0.00120481932/27/2009 2763.65 40.6 -0.0078976182 -0.0228640193

3/2/2009 2674.6 38.4 -0.0322218805 -0.05418719213/3/2009 2622.4 38.4 -0.0195169371 03/4/2009 2645.2 38.6 0.0086943258 0.00520833333/5/2009 2576.7 36.35 -0.0258959625 -0.05829015543/6/2009 2620.15 34.95 0.0168626538 -0.03851444293/9/2009 2573.15 34.7 -0.0179379043 -0.0071530758

3/12/2009 2617.45 33.15 0.0172162525 -0.04466858793/13/2009 2719.25 34.5 0.0388928155 0.04072398193/16/2009 2777.25 35.25 0.0213294107 0.02173913043/17/2009 2757.45 36.25 -0.0071293546 0.02836879433/18/2009 2794.7 38.4 0.0135088578 0.05931034483/19/2009 2807.15 37.85 0.004454861 -0.01432291673/20/2009 2807.05 38.05 -3.5623319E-005 0.00528401593/23/2009 2939.9 41.4 0.0473272653 0.08804204993/24/2009 2938.7 42.5 -0.0004081771 0.02657004833/25/2009 2984.35 45.15 0.0155340797 0.06235294123/26/2009 3082.25 44.6 0.0328044633 -0.01218161683/27/2009 3108.65 45.5 0.0085651715 0.02017937223/30/2009 2978.15 41.5 -0.0419796375 -0.08791208793/31/2009 3020.95 42.7 0.0143713379 0.0289156627

4/1/2009 3060.35 46.95 0.0130422549 0.09953161594/2/2009 3211.05 50.65 0.0492427337 0.0788072417

4/6/2009 3256.6 56.65 0.0141853911 0.11846001974/8/2009 3342.95 58.2 0.0265153841 0.02736098854/9/2009 3342.05 57.3 -0.0002692233 -0.0154639175

4/13/2009 3382.6 63.15 0.0121332715 0.10209424084/15/2009 3484.15 69.45 0.0300212854 0.09976247034/16/2009 3369.5 56.1 -0.0329061608 -0.1922246224/17/2009 3384.4 58.7 0.0044220211 0.04634581114/20/2009 3377.1 58.95 -0.0021569554 0.00425894384/21/2009 3365.3 58.85 -0.0034941222 -0.00169635284/22/2009 3330.3 61.95 -0.0104002615 0.05267629574/23/2009 3423.7 62.95 0.0280455214 0.016142054/24/2009 3480.75 66.05 0.016663259 0.04924543294/27/2009 3470 64.35 -0.0030884149 -0.02573807724/28/2009 3362.35 60.5 -0.0310230548 -0.05982905984/29/2009 3473.95 63.9 0.0331910717 0.0561983471

5/4/2009 3654 66 0.0518286101 0.03286384985/5/2009 3661.9 73 0.0021620142 0.10606060615/6/2009 3625.05 73.9 -0.010063082 0.01232876715/7/2009 3683.9 78 0.0162342588 0.05548037895/8/2009 3620.7 76.9 -0.0171557317 -0.0141025641

5/11/2009 3554.6 75.05 -0.0182561383 -0.02405721725/12/2009 3681.1 81.95 0.0355876892 0.09193870755/13/2009 3635.25 76.3 -0.012455516 -0.06894447835/14/2009 3593.45 75.65 -0.0114985214 -0.00851900395/15/2009 3671.65 76.7 0.0217618166 0.01387970925/18/2009 4323.15 93.35 0.1774406602 0.21707953065/19/2009 4318.45 89.25 -0.0010871702 -0.04392072845/20/2009 4270.3 92.75 -0.0111498339 0.03921568635/21/2009 4210.9 91.35 -0.0139100297 -0.01509433965/22/2009 4238.5 94.55 0.0065544183 0.0350301045/25/2009 4237.55 89.3 -0.0002241359 -0.05552617665/26/2009 4116.7 86 -0.0285188375 -0.03695408735/27/2009 4276.05 90.1 0.0387081886 0.04767441865/28/2009 4337.1 91.2 0.0142771951 0.0122086575/29/2009 4448.95 97.9 0.0257891218 0.0734649123

6/1/2009 4529.9 114.15 0.0181953045 0.16598569976/2/2009 4525.25 110.95 -0.0010265127 -0.02803328956/3/2009 4530.7 127.1 0.0012043534 0.14556106356/4/2009 4572.65 136.1 0.0092590549 0.07081038556/5/2009 4586.9 131.5 0.0031163548 -0.03379867746/8/2009 4429.9 121.25 -0.0342279099 -0.07794676816/9/2009 4550.95 126.25 0.0273256733 0.0412371134

6/10/2009 4655.25 124 0.0229182918 -0.01782178226/11/2009 4637.7 121.35 -0.0037699372 -0.02137096776/12/2009 4583.4 117.9 -0.0117083899 -0.0284301607

6/15/2009 4484 117.75 -0.0216869573 -0.00127226466/16/2009 4517.8 120 0.0075379126 0.01910828036/17/2009 4356.15 112.2 -0.0357806897 -0.0656/18/2009 4251.4 101.5 -0.024046463 -0.09536541896/19/2009 4313.6 112.95 0.0146304747 0.11280788186/22/2009 4235.25 108.15 -0.0181634829 -0.04249667996/23/2009 4247 106.6 0.0027743345 -0.01433194646/24/2009 4292.95 116.85 0.0108194019 0.09615384626/25/2009 4241.85 119 -0.0119032367 0.01839965776/26/2009 4375.5 123 0.031507479 0.03361344546/29/2009 4390.95 117 0.003531025 -0.04878048786/30/2009 4291.1 103.95 -0.0227399538 -0.1115384615

7/1/2009 4340.9 107.15 0.0116054159 0.03078403087/2/2009 4348.85 103.75 0.0018314174 -0.03173121797/3/2009 4424.25 106.4 0.0173379169 0.02554216877/6/2009 4165.7 97.6 -0.0584392835 -0.08270676697/7/2009 4202.15 97.8 0.00875003 0.00204918037/8/2009 4078.9 87.1 -0.0293302238 -0.1094069537/9/2009 4080.95 85.75 0.0005025865 -0.0154994259

7/10/2009 4003.9 82.65 -0.0188804077 -0.03615160357/13/2009 3974.05 80.45 -0.0074552311 -0.02661826987/14/2009 4111.4 91.45 0.0345617192 0.13673088887/15/2009 4233.5 94.1 0.0296979131 0.02897758347/16/2009 4231.4 92.85 -0.0004960435 -0.01328374077/17/2009 4374.95 95.3 0.0339249421 0.02638664517/20/2009 4502.25 94.2 0.0290974754 -0.01154249747/21/2009 4469.1 90.5 -0.0073629852 -0.03927813167/22/2009 4398.9 91.5 -0.0157078606 0.01104972387/23/2009 4523.75 97.5 0.0283820955 0.06557377057/24/2009 4568.55 103.85 0.0099032882 0.06512820517/27/2009 4572.3 106.05 0.0008208294 0.02118440067/28/2009 4564.1 106.65 -0.0017934081 0.00565770867/29/2009 4513.5 101 -0.0110865231 -0.05297702777/30/2009 4571.45 99.35 0.01283926 -0.01633663377/31/2009 4636.45 99.6 0.0142186833 0.0025163563

8/3/2009 4711.4 95.5 0.0161653852 -0.04116465868/4/2009 4680.5 97.15 -0.0065585601 0.01727748698/5/2009 4694.15 96.35 0.0029163551 -0.00823468868/6/2009 4585.5 92.3 -0.0231458304 -0.04203425018/7/2009 4481.4 86.8 -0.0227019954 -0.059588299

8/10/2009 4437.65 81 -0.0097625742 -0.06682027658/11/2009 4471.35 84.4 0.0075941095 0.04197530868/12/2009 4457.5 86.9 -0.0030974985 0.02962085318/13/2009 4605 90.85 0.0330902973 0.04545454558/14/2009 4580.05 88.1 -0.0054180239 -0.0302696753

8/17/2009 4387.9 85.25 -0.0419536905 -0.03234960278/24/2009 4642.8 88.05 0.05809157 0.03284457488/25/2009 4659.35 91.85 0.0035646593 0.0431572978/26/2009 4680.85 93.7 0.0046143775 0.02014153518/27/2009 4688.2 91.65 0.0015702276 -0.02187833518/28/2009 4732.35 93.6 0.0094172604 0.02127659578/31/2009 4662.1 93.3 -0.0148446332 -0.0032051282

9/1/2009 4625.35 95.2 -0.0078827138 0.02036441599/2/2009 4608.35 97.8 -0.0036753975 0.02731092449/3/2009 4593.55 100.1 -0.0032115616 0.02351738249/4/2009 4680.4 100 0.0189069456 -0.0009990019/7/2009 4782.9 102.85 0.0218998376 0.02859/8/2009 4805.25 100.85 0.0046728972 -0.01944579489/9/2009 4814.25 100 0.0018729515 -0.0084283589

9/10/2009 4819.4 96.85 0.0010697409 -0.03159/11/2009 4829.55 95.55 0.0021060713 -0.01342281889/14/2009 4808.6 95.05 -0.0043378783 -0.00523286249/15/2009 4892.1 98.4 0.0173647215 0.03524460819/16/2009 4958.4 98.55 0.0135524621 0.00152439029/17/2009 4965.55 97.45 0.0014419974 -0.01116184689/18/2009 4976.05 99.65 0.0021145694 0.02257567989/22/2009 5020.2 100.65 0.0088724993 0.01003512299/23/2009 4969.95 94.5 -0.0100095614 -0.06110283169/24/2009 4986.55 91.85 0.0033400738 -0.0280423289/25/2009 4958.95 92.15 -0.0055348889 0.00326619499/29/2009 5006.85 92.3 0.0096593029 0.00162778089/30/2009 5083.95 91.65 0.0153989035 -0.007042253510/1/2009 5083.4 92.3 -0.0001081836 0.007092198610/5/2009 5003.2 87.5 -0.0157768423 -0.052004333710/6/2009 5027.4 87.4 0.0048369044 -0.001142857110/7/2009 4985.75 85.25 -0.0082846004 -0.024599542310/8/2009 5002.25 86.65 0.0033094319 0.016422287410/9/2009 4945.2 85.45 -0.0114048678 -0.0138488171

10/12/2009 5054.25 86.9 0.0220516865 0.016968987710/14/2009 5118.2 85.5 0.012652718 -0.016110471810/15/2009 5108.85 89.1 -0.0018268141 0.042105263210/16/2009 5142.15 89.25 0.0065181009 0.001683501710/20/2009 5114.45 86.9 -0.0053868518 -0.026330532210/21/2009 5063.6 86.25 -0.0099424181 -0.007479861910/22/2009 4988.6 84.9 -0.0148115965 -0.015652173910/23/2009 4997.05 84.35 0.001693862 -0.006478209710/26/2009 4970.9 80.75 -0.0052330875 -0.042679312410/27/2009 4846.7 76.45 -0.0249854151 -0.05325077410/28/2009 4826.15 73.7 -0.0042399983 -0.03597122310/29/2009 4750.55 72.7 -0.0156646602 -0.013568521

10/30/2009 4711.7 66.2 -0.0081780004 -0.089408528211/3/2009 4563.9 57.9 -0.0313687204 -0.125377643511/4/2009 4710.8 55.65 0.0321873836 -0.038860103611/5/2009 4765.55 62.7 0.0116222298 0.126684636111/6/2009 4796.15 66.6 0.0064210847 0.062200956911/9/2009 4898.4 66.5 0.0213191831 -0.0015015015

11/10/2009 4881.7 64.55 -0.0034092765 -0.029323308311/11/2009 5003.95 67.8 0.0250425057 0.05034856711/12/2009 4952.65 69.15 -0.010251901 0.019911504411/13/2009 4998.95 66.8 0.0093485306 -0.033984092611/16/2009 5058.05 71.6 0.0118224827 0.071856287411/17/2009 5062.25 73 0.0008303595 0.019553072611/18/2009 5054.7 73.55 -0.0014914317 0.007534246611/19/2009 4989 74.9 -0.012997804 0.018354860611/20/2009 5052.45 73.35 0.0127179796 -0.02069425911/23/2009 5103.55 72.55 0.0101139051 -0.010906612111/24/2009 5090.55 71.55 -0.0025472465 -0.013783597511/25/2009 5108.15 70.25 0.0034573867 -0.018169112511/26/2009 5005.55 69.45 -0.0200855496 -0.011387900411/27/2009 4941.75 74.75 -0.0127458521 0.076313894911/30/2009 5032.7 78.05 0.0184044114 0.0441471572

12/1/2009 5122 81 0.0177439545 0.037796284412/2/2009 5123.25 82.05 0.0002440453 0.01296296312/3/2009 5131.7 80.55 0.0016493437 -0.018281535612/4/2009 5108.9 79.9 -0.0044429721 -0.00806952212/7/2009 5066.7 82.6 -0.0082600951 0.033792240312/8/2009 5147.95 85.15 0.0160360787 0.030871670712/9/2009 5112 84.2 -0.0069833623 -0.0111567821

12/10/2009 5134.65 85.05 0.0044307512 0.010095011912/11/2009 5117.3 83.55 -0.0033790034 -0.017636684312/14/2009 5105.7 82.65 -0.0022668204 -0.010771992812/15/2009 5033.05 79.45 -0.0142291948 -0.038717483412/16/2009 5042.05 81.5 0.0017881801 0.025802391412/17/2009 5041.75 82.75 -5.9499608E-005 0.015337423312/18/2009 4987.7 82.7 -0.010720484 -0.000604229612/21/2009 4952.6 80.85 -0.0070373118 -0.022370012112/22/2009 4985.85 84.75 0.0067136454 0.048237476812/23/2009 5144.6 88.15 0.0318401075 0.040117994112/24/2009 5178.4 88.25 0.0065699957 0.001134429912/29/2009 5187.95 90.55 0.001844199 0.026062322912/30/2009 5169.45 89.7 -0.0035659557 -0.00938707912/31/2009 5201.05 90.45 0.006112836 0.008361204

1/4/2010 5232.2 89.95 0.0059891753 -0.0055279161/5/2010 5277.9 92.4 0.0087343756 0.02723735411/6/2010 5281.8 93.35 0.0007389303 0.0102813853

1/7/2010 5263.1 92.1 -0.0035404597 -0.0133904661/8/2010 5244.75 92.9 -0.0034865384 0.0086862106

1/11/2010 5249.4 94.95 0.0008866009 0.02206673841/12/2010 5210.4 92.15 -0.0074294205 -0.02948920481/13/2010 5233.95 93.3 0.0045198065 0.01247965271/14/2010 5259.9 91.25 0.0049580145 -0.02197213291/15/2010 5252.2 89.3 -0.0014639062 -0.0213698631/18/2010 5274.85 90.15 0.0043124786 0.0095184771/19/2010 5225.65 87.25 -0.0093272794 -0.03216860792/11/2010 4826.85 73.85 -0.076315865 -0.15358166192/15/2010 4801.95 72.85 -0.0051586438 -0.01354096142/16/2010 4855.75 74.05 0.0112037818 0.01647220322/17/2010 4914 73.2 0.0119960871 -0.01147873062/18/2010 4887.75 70.7 -0.0053418803 -0.03415300552/19/2010 4844.9 70.55 -0.008766815 -0.00212164072/22/2010 4856.4 69.6 0.00237363 -0.01346562722/23/2010 4870.05 69.55 0.002810724 -0.00071839082/24/2010 4858.6 69.05 -0.0023511052 -0.00718907262/25/2010 4859.75 68.45 0.0002366937 -0.00868935552/26/2010 4922.3 72.05 0.0128710325 0.0525931337

3/2/2010 5017 72.7 0.0192389737 0.00902151283/3/2010 5088.1 74.45 0.0141718158 0.02407152683/4/2010 5080.25 77.45 -0.0015428156 0.04029550033/5/2010 5088.7 80.4 0.001663304 0.03808908973/8/2010 5124 79.35 0.0069369387 -0.01305970153/9/2010 5101.5 76.75 -0.0043911007 -0.0327662256

3/10/2010 5116.25 77.15 0.0028913065 0.00521172643/11/2010 5133.4 77.45 0.0033520645 0.00388852883/12/2010 5137 75.75 0.0007012896 -0.02194964493/15/2010 5128.9 73.55 -0.0015767958 -0.02904290433/16/2010 5198.1 75.6 0.0134921718 0.02787219583/17/2010 5231.9 74.45 0.0065023759 -0.01521164023/18/2010 5245.9 74.95 0.0026758921 0.00671591673/19/2010 5262.8 75.8 0.0032215635 0.01134089393/22/2010 5205.2 73.1 -0.0109447442 -0.03562005283/23/2010 5225.3 73.35 0.0038615231 0.00341997263/25/2010 5260.4 72.7 0.0067173177 -0.00886162243/26/2010 5282 72.95 0.0041061516 0.00343878953/29/2010 5302.85 72.8 0.0039473684 -0.00205620293/30/2010 5262.45 71.95 -0.0076185447 -0.01167582423/31/2010 5249.1 72 -0.0025368412 0.000694927

4/1/2010 5290.5 72.65 0.0078870664 0.00902777784/5/2010 5368.4 73.5 0.0147245062 0.01169993124/6/2010 5366 75.15 -0.0004470606 0.02244897964/7/2010 5374.65 75.35 0.0016120015 0.002661344

4/8/2010 5304.45 74.85 -0.0130613156 -0.00663570014/9/2010 5361.75 75.25 0.0108022509 0.0053440214

4/12/2010 5339.7 74.05 -0.0041124633 -0.01594684394/13/2010 5322.95 73.1 -0.0031368803 -0.01282916954/15/2010 5273.6 72.2 -0.0092711748 -0.01231190154/16/2010 5262.6 71.5 -0.0020858617 -0.00969529094/19/2010 5203.65 69.8 -0.0112016874 -0.02377622384/20/2010 5230.1 72 0.0050829706 0.03151862464/21/2010 5244.9 72 0.0028297738 04/22/2010 5269.35 71.65 0.0046616713 -0.00486111114/23/2010 5304.1 71.1 0.0065947413 -0.00767620384/26/2010 5322.45 71.1 0.0034595879 04/27/2010 5308.35 70.2 -0.0026491559 -0.01265822784/28/2010 5215.45 68.65 -0.01750073 -0.02207977214/29/2010 5254.15 67.95 0.007420261 -0.01019664974/30/2010 5278 69.05 0.004539269 0.0161883738

5/3/2010 5222.75 69.45 -0.0104679803 0.00579290375/4/2010 5148.5 68.2 -0.0142166483 -0.01799856015/5/2010 5124.9 68.15 -0.0045838594 -0.00073313785/6/2010 5090.85 71.4 -0.0066440321 0.04768892155/7/2010 5018.05 67.6 -0.014300166 -0.0532212885

5/10/2010 5193.6 70 0.0349837088 0.03550295865/11/2010 5136.15 67.9 -0.0110616913 -0.035/12/2010 5156.65 66.85 0.0039913165 -0.01546391755/13/2010 5178.9 66.8 0.0043148168 -0.00074794325/14/2010 5093.5 65.1 -0.0164899882 -0.02544910185/17/2010 5059.9 64.8 -0.0065966428 -0.00460829495/18/2010 5066.2 64 0.0012450839 -0.0123456795/19/2010 4919.65 59.75 -0.0289270064 -0.066406255/20/2010 4947.6 59.2 0.0056812985 -0.00920502095/21/2010 4931.15 58.8 -0.0033248444 -0.00675675685/24/2010 4943.95 58.5 0.0025957434 -0.00510204085/25/2010 4806.75 58 -0.0277510897 -0.00854700855/26/2010 4917.4 58.75 0.0230197119 0.01293103455/27/2010 5003.1 58.25 0.0174279091 -0.00851063835/28/2010 5066.55 61 0.0126821371 0.04721030045/31/2010 5086.3 56.35 0.0038981161 -0.0762295082

6/1/2010 4970.2 55.65 -0.0228260228 -0.01242236026/2/2010 5019.85 54.45 0.0099895376 -0.02156334236/3/2010 5110.5 55.4 0.0180583085 0.01744719936/4/2010 5135.5 55.7 0.0048918892 0.00541516256/7/2010 5034 54.6 -0.0197643852 -0.01974865356/8/2010 4987.1 53.7 -0.0093166468 -0.01648351656/9/2010 5000.3 53.5 0.0026468288 -0.0037243948

6/10/2010 5078.6 54.25 0.0156590605 0.0140186916

6/11/2010 5119.35 53.75 0.0080238648 -0.00921658996/14/2010 5197.7 54.9 0.0153046774 0.02139534886/15/2010 5222.35 57.15 0.0047424823 0.04098360666/16/2010 5233.35 57.2 0.0021063314 0.00087489066/17/2010 5274.85 57.25 0.0079299111 0.00087412596/18/2010 5262.6 56.3 -0.0023223409 -0.01659388656/21/2010 5353.3 57.3 0.0172348269 0.01776198936/22/2010 5316.55 56.4 -0.0068649244 -0.01570680636/23/2010 5323.15 57.6 0.0012414066 0.02127659576/24/2010 5320.6 57.55 -0.0004790397 -0.00086805566/25/2010 5269.05 57.75 -0.0096887569 0.00347523896/28/2010 5333.5 58.05 0.0122318065 0.00519480526/29/2010 5256.15 57.3 -0.0145026718 -0.01291989666/30/2010 5312.5 57.9 0.0107207747 0.0104712042

7/1/2010 5251.4 57.3 -0.0115011765 -0.01036269437/2/2010 5237.1 58.3 -0.0027230834 0.0174520077/5/2010 5235.9 58 -0.0002291344 -0.00514579767/6/2010 5289.05 57.9 0.0101510724 -0.00172413797/7/2010 5241.1 58.05 -0.0090659003 0.00259067367/8/2010 5296.85 58.25 0.01063708 0.00344530587/9/2010 5352.45 58.85 0.0104968047 0.0103004292

7/12/2010 5383 59.05 0.0057076666 0.00339847077/13/2010 5400.65 61.7 0.0032788408 0.04487722277/14/2010 5386.15 60.3 -0.002684862 -0.02269043767/15/2010 5378.75 60.25 -0.0013738942 -0.00082918747/16/2010 5393.9 60.15 0.0028166396 -0.0016597517/19/2010 5386.45 59.65 -0.0013811899 -0.0083125527/20/2010 5368 58.85 -0.0034252615 -0.01341156757/21/2010 5399.35 59.5 0.0058401639 0.01104502977/22/2010 5441.95 60.25 0.0078898386 0.0126050427/23/2010 5449.1 59.4 0.0013138673 -0.01410788387/26/2010 5418.6 59.25 -0.0055972546 -0.00252525257/27/2010 5430.6 59 0.0022145942 -0.00421940937/28/2010 5397.55 58.4 -0.0060858837 -0.01016949157/29/2010 5408.9 56.5 0.0021028059 -0.03253424667/30/2010 5367.6 56.65 -0.0076355636 0.0026548673

8/2/2010 5431.65 57.3 0.0119327074 0.01147396298/3/2010 5439.55 56.65 0.0014544383 -0.01134380458/4/2010 5467.85 56.65 0.0052026362 08/5/2010 5447.1 56.45 -0.0037949102 -0.00353045018/6/2010 5439.25 56 -0.0014411338 -0.00797165638/9/2010 5486.15 56.75 0.0086225123 0.0133928571

8/10/2010 5460.7 58.5 -0.0046389545 0.03083700448/11/2010 5420.6 57.25 -0.0073433809 -0.02136752148/12/2010 5416.45 57.65 -0.0007655979 0.0069868996

8/13/2010 5452.1 56.5 0.0065818017 -0.01994796188/16/2010 5418.3 52.4 -0.0061994461 -0.07256637178/17/2010 5414.15 51.15 -0.0007659229 -0.02385496188/18/2010 5479.15 49.45 0.012005578 -0.03323558168/19/2010 5540.2 50.2 0.0111422392 0.01516683528/20/2010 5530.65 49.45 -0.0017237645 -0.0149402398/23/2010 5543.5 50.3 0.0023234159 0.01718907998/24/2010 5505.1 50.1 -0.0069270317 -0.00397614318/25/2010 5462.35 49.4 -0.0077655265 -0.01397205598/26/2010 5477.9 48.2 0.0028467601 -0.0242914988/27/2010 5408.7 47.35 -0.0126325782 -0.01763485488/30/2010 5415.45 46.7 0.0012479894 -0.01372756078/31/2010 5402.4 46.1 -0.002409772 -0.0128479657

9/1/2010 5471.85 46.7 0.0128553976 0.01301518449/2/2010 5486.15 52.65 0.0026133757 0.12740899369/3/2010 5479.4 50.1 -0.001230371 -0.04843304849/6/2010 5576.95 50.45 0.0178030441 0.00698602799/7/2010 5604 51.6 0.0048503214 0.02279484649/8/2010 5607.85 51.5 0.0006870093 -0.00193798459/9/2010 5640.05 51.3 0.005741951 -0.0038834951

9/13/2010 5760 50.95 0.021267542 -0.00682261219/14/2010 5795.55 51.65 0.006171875 0.01373895989/15/2010 5860.95 51.7 0.01128452 0.00096805429/16/2010 5828.7 53.15 -0.0055025209 0.02804642179/17/2010 5884.95 54.5 0.0096505224 0.02539981199/20/2010 5980.45 56.6 0.0162278354 0.03853211019/21/2010 6009.05 55.3 0.0047822488 -0.02296819799/22/2010 5991 54.8 -0.0030038026 -0.00904159139/23/2010 5959.55 53.85 -0.005249541 -0.01733576649/24/2010 6018.3 54.2 0.0098581269 0.00649953579/27/2010 6035.65 53.4 0.0028828739 -0.01476014769/28/2010 6029.5 53.7 -0.0010189458 0.00561797759/29/2010 5991.3 52.55 -0.006335517 -0.021415279/30/2010 6029.95 52.8 0.0064510206 0.004757373910/1/2010 6143.4 54.45 0.018814418 0.0312510/4/2010 6159.45 58.05 0.0026125598 0.066115702510/5/2010 6145.8 57.7 -0.002216107 -0.006029285110/6/2010 6186.45 58.25 0.0066142732 0.009532062410/7/2010 6120.3 57.95 -0.0106927236 -0.005150214610/8/2010 6103.45 57.4 -0.002753133 -0.0094909405

10/11/2010 6135.85 58.8 0.0053084731 0.024390243910/12/2010 6090.9 58.15 -0.0073257984 -0.011054421810/13/2010 6233.9 58.8 0.023477647 0.01117798810/14/2010 6177.35 58.3 -0.0090713678 -0.008503401410/15/2010 6062.65 57.55 -0.0185678325 -0.012864494

10/18/2010 6075.95 59.35 0.0021937602 0.031277150310/19/2010 6027.3 58.3 -0.0080069783 -0.017691659610/20/2010 5982.1 57.65 -0.0074992119 -0.011149228110/21/2010 6101.5 59.35 0.019959546 0.029488291410/22/2010 6066.05 59.8 -0.0058100467 0.007582139810/25/2010 6105.8 58.7 0.0065528639 -0.018394648810/26/2010 6082 58.25 -0.0038979331 -0.007666098810/27/2010 6012.65 57.6 -0.0114024992 -0.011158798310/28/2010 5987.7 57.3 -0.0041495846 -0.005208333310/29/2010 6017.7 55.5 0.0050102711 -0.0314136126

11/1/2010 6117.55 58.8 0.0165927181 0.059459459511/2/2010 6119 56.75 0.000237023 -0.034863945611/3/2010 6160.5 56.85 0.0067821539 0.001762114511/4/2010 6281.8 57.7 0.0196899602 0.014951627111/5/2010 6312.45 57.6 0.0048791748 -0.001733102311/8/2010 6273.2 57.95 -0.006217871 0.006076388911/9/2010 6301.55 57.6 0.0045192246 -0.0060396894

11/10/2010 6275.7 58.1 -0.0041021653 0.008680555611/11/2010 6194.25 57.25 -0.0129786319 -0.014629948411/12/2010 6071.65 54.8 -0.0197925495 -0.042794759811/15/2010 6121.6 53.3 0.0082267588 -0.027372262811/16/2010 5988.7 52 -0.0217100105 -0.024390243911/18/2010 5998.8 53.3 0.0016865096 0.02511/19/2010 5890.3 51.5 -0.0180869507 -0.033771106911/22/2010 6010 52.15 0.0203215456 0.012621359211/23/2010 5934.75 50.45 -0.0125207987 -0.032598274211/24/2010 5865.75 50.3 -0.0116264375 -0.002973240811/25/2010 5799.75 46.5 -0.0112517581 -0.075546719711/26/2010 5751.95 45 -0.0082417346 -0.032258064511/29/2010 5830 46.15 0.0135693113 0.025555555611/30/2010 5862.7 47.8 0.0056089194 0.0357529794

12/1/2010 5960.9 51.95 0.0167499616 0.086820083712/2/2010 6011.7 53.2 0.008522203 0.024061597712/3/2010 5992.8 52 -0.0031438695 -0.02255639112/6/2010 5992.25 52.4 -9.1776799E-005 0.007692307712/7/2010 5976.55 51.7 -0.0026200509 -0.013358778612/8/2010 5903.7 50.35 -0.0121893065 -0.026112185712/9/2010 5766.5 47.3 -0.0232396633 -0.0605759682

12/10/2010 5857.35 48.55 0.0157547906 0.026427061312/13/2010 5907.65 49.55 0.0085875012 0.020597322312/14/2010 5944.1 50.05 0.0061699661 0.010090817412/15/2010 5892.3 48 -0.0087145236 -0.04095904112/16/2010 5948.75 51.2 0.0095802997 0.066666666712/20/2010 5947.05 51.25 -0.0002857743 0.000976562512/21/2010 6000.65 50.6 0.0090128719 -0.0126829268

12/22/2010 5984.4 49.4 -0.00270804 -0.02371541512/23/2010 5980 49.4 -0.000735245 012/24/2010 6011.6 51.25 0.0052842809 0.037449392712/27/2010 5998.1 50.55 -0.0022456584 -0.013658536612/28/2010 5996 51.95 -0.0003501109 0.027695351112/29/2010 6060.35 51.7 0.0107321548 -0.004812319512/30/2010 6101.85 54.85 0.0068477893 0.060928433312/31/2010 6134.5 54.65 0.0053508362 -0.0036463081

1/3/2011 6157.6 54.25 0.0037655881 -0.00731930471/4/2011 6146.35 55.75 -0.0018270105 0.02764976961/5/2011 6079.8 54.4 -0.0108275643 -0.02421524661/6/2011 6048.25 53.5 -0.0051893154 -0.01654411761/7/2011 5904.6 51 -0.0237506717 -0.046728972

1/10/2011 5762.85 49.2 -0.0240067066 -0.03529411761/11/2011 5754.1 48.3 -0.001518346 -0.01829268291/12/2011 5863.25 53.5 0.0189690829 0.10766045551/13/2011 5751.9 52.6 -0.0189911738 -0.01682242991/14/2011 5654.55 52.3 -0.0169248422 -0.00570342211/17/2011 5654.75 51.5 3.5369746E-005 -0.01529636711/18/2011 5724.05 53.3 0.0122551837 0.03495145631/19/2011 5691.05 51.85 -0.0057651488 -0.02720450281/20/2011 5711.6 51.7 0.003610933 -0.00289296051/21/2011 5696.5 53 -0.0026437426 0.02514506771/24/2011 5743.25 52.9 0.0082067936 -0.00188679251/25/2011 5687.4 51.6 -0.0097244591 -0.02457466921/27/2011 5604.3 50 -0.0146112459 -0.03100775191/28/2011 5512.15 49.75 -0.0164427315 -0.0051/31/2011 5505.9 49.3 -0.0011338588 -0.0090452261

2/1/2011 5417.2 47.3 -0.0161099911 -0.04056795132/2/2011 5432 47.95 0.0027320387 0.01374207192/3/2011 5526.75 48.95 0.0174429308 0.02085505742/4/2011 5395.75 47.75 -0.0237028995 -0.0245148112/7/2011 5396 50 4.6332762E-005 0.04712041882/8/2011 5312.55 48.85 -0.0154651594 -0.0232/9/2011 5253.55 45.15 -0.0111057778 -0.0757420676

2/10/2011 5225.8 45.3 -0.0052821426 0.00332225912/11/2011 5310 45.75 0.0161123656 0.00993377482/14/2011 5456 48.8 0.0274952919 0.06666666672/15/2011 5481 48.05 0.0045821114 -0.01536885252/16/2011 5481.7 48.5 0.0001277139 0.00936524452/17/2011 5546.45 50.55 0.0118120291 0.04226804122/18/2011 5458.95 47.55 -0.0157758566 -0.0593471812/21/2011 5518.6 47.3 0.0109270098 -0.00525762362/22/2011 5469.2 45.7 -0.0089515457 -0.03382663852/23/2011 5437.35 45.35 -0.0058235208 -0.0076586433

2/24/2011 5262.7 45.85 -0.0321204263 0.01102535832/25/2011 5303.55 46.4 0.0077621753 0.01199563792/28/2011 5333.25 46.7 0.0056000226 0.0064655172

3/1/2011 5522.3 50 0.0354474289 0.07066381163/3/2011 5536.2 48.3 0.0025170672 -0.0343/4/2011 5538.75 47.65 0.0004606047 -0.01345755693/7/2011 5463.15 46.4 -0.0136492891 -0.02623294863/8/2011 5520.8 47.95 0.0105525201 0.03340517243/9/2011 5531 47.35 0.0018475583 -0.0125130344

3/10/2011 5494.4 48.4 -0.0066172482 0.02217529043/11/2011 5445.45 47.6 -0.0089090711 -0.01652892563/14/2011 5531.5 46.3 0.0158021835 -0.02731092443/15/2011 5449.65 46.05 -0.0147970713 -0.0053995683/16/2011 5511.15 46.15 0.0112851284 0.00217155273/17/2011 5446.65 45.8 -0.0117035464 -0.00758396533/18/2011 5373.7 45.3 -0.0133935538 -0.01091703063/21/2011 5364.75 46.1 -0.0016655191 0.01766004423/22/2011 5413.85 45.5 0.009152337 -0.01301518443/23/2011 5480.25 45.85 0.0122648393 0.00769230773/24/2011 5522.4 45.35 0.007691255 -0.01090512543/25/2011 5654.25 45.4 0.0238754889 0.00110253583/28/2011 5687.25 44.3 0.0058363178 -0.02422907493/29/2011 5736.35 44.05 0.0086333465 -0.00564334093/30/2011 5787.65 44.05 0.008942969 03/31/2011 5833.75 44.5 0.0079652363 0.010215664

4/1/2011 5826.05 48.55 -0.0013199057 0.0910112364/4/2011 5908.45 49.5 0.0141433733 0.01956745624/5/2011 5910.05 49.1 0.0002707986 -0.00808080814/6/2011 5891.75 52.3 -0.0030964205 0.06517311614/7/2011 5885.7 53.3 -0.0010268596 0.01912045894/8/2011 5842 55.25 -0.0074247753 0.0365853659

4/11/2011 5785.7 54.3 -0.0096371106 -0.01719457014/13/2011 5911.5 56.2 0.0217432636 0.03499079194/15/2011 5824.55 54.05 -0.0147086188 -0.03825622784/18/2011 5729.1 53.9 -0.0163875321 -0.00277520814/19/2011 5740.75 54.75 0.0020334782 0.01576994434/20/2011 5851.65 57.4 0.0193180334 0.04840182654/21/2011 5884.7 57.2 0.0056479796 -0.00348432064/25/2011 5874.5 55.15 -0.0017333084 -0.03583916084/26/2011 5868.4 54.8 -0.0010383862 -0.00634632824/27/2011 5833.9 54.15 -0.0058789449 -0.01186131394/28/2011 5785.45 55.35 -0.0083049075 0.02216066484/29/2011 5749.5 53.2 -0.0062138641 -0.0388437218

5/2/2011 5701.3 52.9 -0.0083833377 -0.00563909775/3/2011 5565.25 50 -0.0238629786 -0.0548204159

5/4/2011 5537.15 50.45 -0.0050491892 0.0095/5/2011 5459.85 48.6 -0.0139602503 -0.03666997035/6/2011 5551.45 48.45 0.0167770177 -0.00308641985/9/2011 5551.1 48.65 -6.3046591E-005 0.004127967

5/10/2011 5541.25 50.35 -0.0017744231 0.03494347385/11/2011 5565.05 51.7 0.0042950598 0.02681231385/12/2011 5486.15 51.2 -0.0141777702 -0.00967117995/13/2011 5544.75 53.45 0.0106814433 0.04394531255/16/2011 5499 52.75 -0.0082510483 -0.01309635175/17/2011 5438.95 51.45 -0.0109201673 -0.02464454985/18/2011 5420.6 52.7 -0.003373813 0.02429543255/19/2011 5428.1 51.5 0.0013836107 -0.02277039855/20/2011 5486.35 50.8 0.0107311951 -0.0135922335/23/2011 5386.55 48.35 -0.0181906003 -0.04822834655/24/2011 5394.85 49.25 0.001540875 0.01861427095/25/2011 5348.95 49.95 -0.0085081142 0.0142131985/26/2011 5412.35 49.95 0.0118527935 05/27/2011 5476.1 50.65 0.0117786174 0.0140140145/30/2011 5473.1 51 -0.0005478351 0.00691016785/31/2011 5560.15 54.1 0.0159050629 0.0607843137

6/1/2011 5592 53 0.0057282627 -0.02033271726/2/2011 5550.35 52.45 -0.0074481402 -0.01037735856/3/2011 5516.75 51.35 -0.0060536723 -0.02097235466/6/2011 5532.05 51.5 0.002773372 0.00292112956/7/2011 5556.15 52.6 0.0043564321 0.02135922336/8/2011 5526.85 52.4 -0.0052734357 -0.00380228146/9/2011 5521.05 52.85 -0.0010494224 0.0085877863

6/10/2011 5485.8 51.9 -0.0063846551 -0.01797540216/13/2011 5482.8 52.6 -0.0005468665 0.01348747596/14/2011 5500.5 52.9 0.0032282775 0.00570342216/15/2011 5447.5 51.65 -0.0096354877 -0.02362948966/16/2011 5396.75 51.9 -0.0093162001 0.00484027116/17/2011 5366.4 51.4 -0.005623755 -0.00963391146/20/2011 5257.9 47.85 -0.0202183959 -0.06906614796/21/2011 5275.85 45.9 0.0034139105 -0.04075235116/22/2011 5278.3 45 0.0004643801 -0.01960784316/23/2011 5320 45.45 0.0079002709 0.016/24/2011 5471.25 47.35 0.0284304511 0.04180418046/27/2011 5526.6 47.85 0.0101165182 0.01055966216/28/2011 5545.3 48.3 0.0033836355 0.00940438876/29/2011 5600.45 48.75 0.0099453591 0.00931677026/30/2011 5647.4 48 0.0083832549 -0.0153846154

7/1/2011 5627.2 49.25 -0.0035768672 0.02604166677/4/2011 5650.5 49.8 0.0041406028 0.01116751277/5/2011 5632.1 50.3 -0.003256349 0.0100401606

7/6/2011 5625.45 51.55 -0.0011807319 0.02485089467/7/2011 5728.95 51.9 0.0183985281 0.00678952477/8/2011 5660.65 51.95 -0.0119219054 0.0009633911

7/11/2011 5616.1 50.55 -0.0078701209 -0.02694898947/12/2011 5526.15 49.05 -0.0160164527 -0.02967359057/13/2011 5585.45 49.7 0.0107307981 0.01325178397/14/2011 5599.8 49.9 0.0025691753 0.00402414497/15/2011 5581.1 50.2 -0.003339405 0.0060120247/18/2011 5567.05 50.9 -0.0025174249 0.01394422317/19/2011 5613.55 51.2 0.0083527182 0.00589390967/20/2011 5567.05 50.7 -0.0082835282 -0.0097656257/21/2011 5541.6 52.55 -0.0045715415 0.03648915197/22/2011 5633.95 52.75 0.0166648621 0.00380589917/25/2011 5680.3 54.75 0.0082269101 0.03791469197/26/2011 5574.85 52.5 -0.0185641603 -0.04109589047/27/2011 5546.8 51.45 -0.0050315255 -0.027/28/2011 5487.75 52.35 -0.0106457777 0.01749271147/29/2011 5482 52.45 -0.0010477883 0.0019102197

8/1/2011 5516.8 54.6 0.0063480482 0.04099142048/2/2011 5456.55 52.05 -0.0109211862 -0.04670329678/3/2011 5404.8 53.25 -0.0094840146 0.0230547558/4/2011 5331.8 51.6 -0.0135065127 -0.03098591558/5/2011 5211.25 48.6 -0.0226096253 -0.05813953498/8/2011 5118.5 45.15 -0.0177980331 -0.07098765438/9/2011 5072.85 39.8 -0.0089186285 -0.1184939092

8/10/2011 5161 42.15 0.0173768197 0.05904522618/11/2011 5138.3 42.4 -0.0043983724 0.00593119818/12/2011 5072.95 41.3 -0.0127182142 -0.02594339628/16/2011 5035.8 38.5 -0.0073231552 -0.06779661028/17/2011 5056.6 37 0.0041304261 -0.0389610398/18/2011 4944.15 39.1 -0.0222382629 0.05675675688/19/2011 4845.65 37.15 -0.0199225347 -0.04987212288/22/2011 4898.8 39.35 0.0109686007 0.05921938098/23/2011 4948.9 38.9 0.0102269944 -0.01143583238/24/2011 4888.9 37.35 -0.0121239063 -0.03984575848/25/2011 4839.6 35.8 -0.010084068 -0.04149933078/26/2011 4747.8 34.25 -0.0189685098 -0.04329608948/29/2011 4919.6 35.6 0.0361851805 0.03941605848/30/2011 5001 36.95 0.0165460607 0.0379213483

9/2/2011 5040 38.2 0.0077984403 0.03382949939/5/2011 5017.2 39.9 -0.0045238095 0.04450261789/6/2011 5064.3 40.4 0.0093877063 0.01253132839/7/2011 5124.65 41.45 0.0119167506 0.0259900999/8/2011 5153.25 41.9 0.0055808689 0.01085645369/9/2011 5059.45 40.85 -0.0182021055 -0.0250596659

9/12/2011 4946.8 39.05 -0.022265266 -0.04406364759/13/2011 4940.95 39.25 -0.0011825827 0.00512163899/14/2011 5012.55 39.3 0.0144911404 0.00127388549/15/2011 5075.7 40.5 0.0125983781 0.03053435119/16/2011 5084.25 39.55 0.0016844967 -0.02345679019/19/2011 5031.95 39.4 -0.0102866696 -0.00379266759/20/2011 5140.2 40.6 0.0215125349 0.03045685289/21/2011 5133.25 41.05 -0.0013520875 0.01108374389/22/2011 4923.65 37.75 -0.0408318317 -0.08038976869/23/2011 4867.75 38.75 -0.0113533659 0.02649006629/26/2011 4835.4 37.4 -0.0066457809 -0.03483870979/27/2011 4971.25 38.2 0.0280948836 0.02139037439/28/2011 4945.9 36.9 -0.0050993211 -0.03403141369/29/2011 5015.45 37.9 0.0140621525 0.0271002719/30/2011 4943.25 36.5 -0.0143955178 -0.03693931410/3/2011 4849.5 36.15 -0.0189652557 -0.009589041110/4/2011 4772.15 35.7 -0.0159500979 -0.012448132810/5/2011 4751.3 34.9 -0.0043690999 -0.022408963610/7/2011 4888.05 36.2 0.0287815966 0.0372492837

10/10/2011 4979.6 37.55 0.0187293501 0.037292817710/11/2011 4974.35 37.3 -0.0010543016 -0.006657789610/12/2011 5099.4 38.05 0.0251389629 0.020107238610/13/2011 5077.85 37.75 -0.0042259874 -0.007884362710/14/2011 5132.3 37.8 0.0107230422 0.001324503310/17/2011 5118.25 37.9 -0.0027375641 0.002645502610/18/2011 5037.5 36.9 -0.0157768769 -0.026385224310/19/2011 5139.15 36.4 0.02017866 -0.013550135510/20/2011 5091.9 36.4 -0.0091941274 010/21/2011 5049.95 36.35 -0.008238575 -0.001373626410/24/2011 5098.35 36.5 0.0095842533 0.004126547510/25/2011 5191.6 36.7 0.0182902312 0.005479452110/26/2011 5201.8 36.65 0.0019647122 -0.001362397810/28/2011 5360.7 38.65 0.0305471183 0.054570259210/31/2011 5326.6 38.5 -0.0063611096 -0.0038809832

11/1/2011 5257.95 37.35 -0.0128881463 -0.029870129911/2/2011 5258.45 36.6 9.5094096E-005 -0.020080321311/3/2011 5265.75 36.5 0.0013882418 -0.002732240411/4/2011 5284.2 36.8 0.0035037744 0.008219178111/8/2011 5289.35 37.1 0.0009746035 0.008152173911/9/2011 5221.05 35.6 -0.0129127398 -0.0404312668

11/11/2011 5168.85 34.65 -0.0099979889 -0.026685393311/14/2011 5148.35 32.75 -0.003966066 -0.054834054811/15/2011 5068.5 31.15 -0.0155098235 -0.048854961811/16/2011 5030.45 29.5 -0.007507152 -0.052969502411/17/2011 4934.75 25.55 -0.019024143 -0.1338983051

11/18/2011 4905.8 23.85 -0.0058665586 -0.066536203511/21/2011 4778.35 21.4 -0.0259794529 -0.102725366911/22/2011 4812.35 22.1 0.0071154269 0.032710280411/23/2011 4706.45 22.1 -0.0220058807 011/24/2011 4756.45 23.45 0.0106237185 0.061085972911/25/2011 4710.05 22.2 -0.0097551746 -0.053304904111/28/2011 4851.3 23.3 0.0299890659 0.049549549511/29/2011 4805.1 23.25 -0.0095232206 -0.002145922711/30/2011 4832.05 23.3 0.0056086242 0.0021505376

12/1/2011 4936.85 23.35 0.0216885173 0.002145922712/2/2011 5050.15 23.85 0.0229498567 0.021413276212/5/2011 5039.15 23.7 -0.0021781531 -0.006289308212/7/2011 5062.6 23.65 0.0046535626 -0.002109704612/8/2011 4943.65 22.9 -0.0234958322 -0.031712473612/9/2011 4866.7 22.4 -0.0155654223 -0.0218340611

12/12/2011 4764.6 21.8 -0.0209793084 -0.026785714312/13/2011 4800.6 21.8 0.0075557235 012/14/2011 4763.25 21.45 -0.0077802775 -0.016055045912/15/2011 4746.35 20.4 -0.0035479977 -0.04895104912/16/2011 4651.6 19 -0.0199627082 -0.06862745112/19/2011 4613.1 18.05 -0.008276722 -0.0512/20/2011 4544.2 17.85 -0.0149357265 -0.011080332412/21/2011 4693.15 17.95 0.0327780467 0.005602240912/22/2011 4733.85 18.7 0.0086722138 0.041782729812/23/2011 4714 19 -0.0041932043 0.016042780712/26/2011 4779 19.55 0.0137887145 0.028947368412/27/2011 4750.5 19.15 -0.0059635907 -0.020460358112/28/2011 4705.8 19.2 -0.0094095358 0.002610966112/29/2011 4646.25 17.7 -0.0126545965 -0.07812512/30/2011 4624.3 18.1 -0.00472424 0.0225988701

1/2/2012 4636.75 18.25 0.0026922994 0.00828729281/3/2012 4765.3 18.7 0.0277241602 0.02465753421/4/2012 4749.65 18.4 -0.0032841584 -0.01604278071/5/2012 4749.95 18.25 6.3162549E-005 -0.00815217391/6/2012 4754.1 18.3 0.0008736934 0.002739726

1/10/2012 4849.55 19.65 0.0200774069 0.07377049181/11/2012 4860.95 20.45 0.0023507336 0.04071246821/12/2012 4831.25 20.8 -0.0061099168 0.01711491441/13/2012 4866 22.7 0.0071927555 0.09134615381/16/2012 4873.9 22.5 0.0016235101 -0.00881057271/17/2012 4967.3 22.9 0.0191632984 0.01777777781/18/2012 4955.8 22.1 -0.002315141 -0.03493449781/19/2012 5018.4 22.7 0.0126316639 0.02714932131/20/2012 5048.6 24.55 0.0060178543 0.08149779741/23/2012 5046.25 26.1 -0.0004654756 0.0631364562

1/24/2012 5127.35 26.35 0.0160713401 0.00957854411/25/2012 5158.3 27.35 0.0060362565 0.03795066411/27/2012 5204.7 28.55 0.0089952116 0.04387568561/30/2012 5087.3 26.35 -0.0225565354 -0.07705779331/31/2012 5199.25 28.05 0.0220057791 0.064516129

2/1/2012 5235.7 29.7 0.0070106265 0.05882352942/2/2012 5269.9 29.5 0.0065320779 -0.00673400672/3/2012 5325.85 29.3 0.0106168998 -0.0067796612/6/2012 5361.65 30 0.0067219317 0.0238907852/7/2012 5335.15 29.25 -0.0049425084 -0.0252/8/2012 5368.15 29.7 0.0061853931 0.01538461542/9/2012 5412.35 31.65 0.0082337491 0.0656565657

2/10/2012 5381.6 30.5 -0.0056814508 -0.03633491312/13/2012 5390.2 28.4 0.0015980378 -0.0688524592/14/2012 5416.05 27.85 0.0047957404 -0.01936619722/15/2012 5531.95 28.9 0.0213993593 0.03770197492/16/2012 5521.95 29.4 -0.0018076808 0.01730103812/17/2012 5564.3 29.15 0.0076693922 -0.00850340142/21/2012 5607.15 30.7 0.0077008788 0.05317324192/22/2012 5505.35 28.35 -0.0181553909 -0.07654723132/23/2012 5483.3 27.95 -0.0040051949 -0.01410934742/24/2012 5429.3 26.85 -0.0098480842 -0.03935599282/27/2012 5281.2 24.45 -0.027277918 -0.08938547492/28/2012 5375.5 26.4 0.0178557904 0.07975460122/29/2012 5385.2 26.6 0.0018044833 0.0075757576

3/1/2012 5339.75 29.65 -0.008439798 0.11466165413/2/2012 5359.35 29.05 0.0036705838 -0.02023608773/5/2012 5280.35 27.7 -0.0147405935 -0.04647160073/6/2012 5222.4 27.2 -0.0109746513 -0.01805054153/7/2012 5220.45 27.1 -0.0003733915 -0.00367647063/9/2012 5333.55 27.5 0.021664799 0.0147601476

3/12/2012 5359.55 28.15 0.004874802 0.02363636363/13/2012 5429.5 29.15 0.0130514689 0.03552397873/14/2012 5463.9 30.15 0.0063357584 0.03430531733/15/2012 5380.5 28.8 -0.0152638225 -0.04477611943/16/2012 5317.9 28.35 -0.0116346064 -0.0156253/19/2012 5257.05 27.25 -0.0114424867 -0.03880070553/20/2012 5274.85 27.65 0.0033859294 0.01467889913/21/2012 5364.95 29.25 0.0170810544 0.05786618443/23/2012 5278.2 28.1 -0.0161697686 -0.03931623933/26/2012 5184.25 27.2 -0.0177996287 -0.03202846983/27/2012 5243.15 27.5 0.0113613348 0.01102941183/28/2012 5194.75 26.85 -0.009231092 -0.02363636363/29/2012 5178.85 26.05 -0.0030607825 -0.02979515833/30/2012 5295.55 25.25 0.0225339602 -0.0307101727

Slope 0.7196993Intercept 0.0014962

Last 1 yrSlope 1.7633325Intercept -0.001059

SUMMARY OUTPUT

Regression StatisticsMultiple R 0.109735R Square 0.0120418Adjusted R 0.0112253Standard Er0.1241975Observation 1212

ANOVAdf SS MS F Significance F

Regression 1 0.2274903 0.2274903 14.748142 0.0001292Residual 1210 18.664263 0.015425Total 1211 18.891754

CoefficientsStandard Error t Stat P-value Lower 95% Upper 95%Intercept 0.0014962 0.0035687 0.4192518 0.6751065 -0.005505 0.0084976X Variable 10.7196993 0.1874055 3.840331 0.0001292 0.3520234 1.0873752

Lower 95.0%Upper 95.0%-0.005505 0.00849760.3520234 1.0873752

No. of shares outstanding (crs) 179.62Market Price per share 25.25MV of firm's equity (Lakhs) 4535.41Interest Expense (Average 3 years) 600.00Total Debt (crs)(Average 3 years) (D) 7202Cost of Debt (Rd) (%) 8.33Risk free rate (Rf) (%) 8.60rE = rf + β(rM - rf)Risk Premium (%) 7.50Beta estimated 1.27Cost of Equity (Re) (%) 18.13Value of firm (V) 11737.41WACC = rD *( D / V )+ rE *( E / V )D/V 0.61E/V 0.39WACC (%) 12.12

Industry >> Analytical Ratios >> Aggregate Key Fin RatiosIndustry - ElecEqp-GensetsYear 201103 Latest 2011 2010 2009No.Of Companies 7 9 7 10 10Key RatiosDebt-Equity Ratio 0.98 0.26 0.98 1.03 0.71Long Term Debt-Equity Ratio 0.77 0.15 0.77 0.64 0.39Current Ratio 1.66 1.9 1.66 1.45 1.55Turnover Ratios

2.9 5.84 2.9 3.08 6.844.84 4.64 4.84 3.86 5.561.95 3.61 1.95 1.34 2.17

Interest Cover Ratio 0.95 14.33 0.95 0.33 2.42PBIDTM (%) 13.28 20.7 13.28 6.98 13PBITM (%) 10.32 19.53 10.32 4.29 11.74PBDTM (%) 2.42 19.34 2.42 -6.17 8.15CPM (%) 2.77 17.44 2.77 -11.22 8.2APATM (%) -0.19 16.27 -0.19 -13.91 6.94ROCE (%) 4.16 37.66 4.16 1.61 8.6RONW (%) -0.16 41.05 -0.16 -11 8.86

Fixed Assets Inventory Debtors

http://www.capitaline.com

2008 2007 2006 2005 20047 8 8 9 7

Key Ratios0.45 0.35 0.32 0.54 0.460.22 0.12 0.19 0.37 0.321.72 1.67 1.75 1.68 1.8

Turnover Ratios6.4 7.34 6.72 5.26 2.57

4.55 5.08 4.88 5.3 4.742.63 3.69 3.68 4.32 3.3

11.68 7.25 11.2 6.99 6.2523.3 18.16 19.88 13.8 12.95

22.11 16.85 18.79 12.39 11.6421.41 15.84 18.2 12.03 11.09

19.9 14.4 16.31 10.53 14.2818.71 13.09 15.22 9.12 12.9621.76 28.43 37.15 28.87 17.0926.65 29.85 40.73 34.9 28.25

Company Name : Suzlon Energy Ltd.Income Statement

No.of Years :6

4,357.55 3,504.34 7,251.94 6,942.24 5,380.37

2,777.19 2,539.13 4,582.69 4,274.96 3,265.14314.04 239.16 291.25 386.68 288.3215.23 181.01 199.07 139.34 111.46179.63 183.27 506.94 384.4 327.42602.67 557.25 807.27 153.75 142.51

4,088.76 3,699.82 6,387.22 5,339.13 4,134.83268.79 -195.48 864.72 1,603.11 1,245.54340.51 227.48 141.87 109.38 86.25

609.3 32 1,006.59 1,712.49 1,331.79631.4 734.35 436.35 142.14 104.03

156.89 126.27 99.16 86.21 73.49-178.99 -828.62 471.08 1,484.14 1,154.27

-55.64 175.4 -70.69 89.95 69.4-123.35 -1,004.02 541.77 1,394.19 1,084.87

-81.5 -410.07 -1,011.04 -128.35 -34.6919.19 0 0.92 -0.13 10.96

-185.66 -1,414.09 -469.27 1,416.88 1,061.14200.34 386 1,800.09 2,743.57 1,943.63

0 0 0 149.69 143.880 0 0 0 1.50 0 0 25.44 20.39

200.34 386 1,800.09 2,568.44 1,777.86

Units :Rupees Crores

Mar ' 11(12)

Mar ' 10(12)

Mar ' 09(12)

Mar ' 08(12)

Mar ' 07(12)

Income : Operating Income Expenses Material Consumed Manufacturing Expenses Personnel Expenses Selling Expenses Adminstrative Expenses Cost Of Sales Operating Profit Other Recurring Income Adjusted PBDIT Financial Expenses Depreciation Adjusted PBT Tax Charges Adjusted PAT Non Recurring Items Other Non Cash adjustments Reported Net Profit Earnigs Before Appropriation Equity Dividend Preference Dividend Dividend Tax Retained Earnings

Company Name : Suzlon Energy Ltd.Income Statement

No.of Years :6

3,788.46

2,295.66263.96

62.96167.98

60.082,850.64

937.8269.28

1,007.1056.9345.87904.381.43

822.87-1.64-0.04

821.191,348.14

143.761.51

20.381,182.49

Mar ' 06(12)

Company Name : Suzlon Energy Ltd.Balance Sheet

No.of Years :6

355.47 311.35 299.6620.43 15.72 103.25

0 0 06,418.58 5,277.24 6,177.41

4,395.74 3,891.16 4,006.232,281.59 3,710.06 3,323.25

13,471.81 13,205.53 13,909.80

1,439.52 1,355.74 915.83576.35 438.58 364.33863.17 917.16 551.5

38.15 10.38 286.977,845.07 7,592.60 7,127.80

8,723.94 8,571.62 9,614.573,998.52 3,886.23 3,671.044,725.42 4,685.39 5,943.53

13,471.81 13,205.53 13,909.807,794.93 7,492.59 7,127.80

50.14 100.01 03,526.50 2,572.67 7,220.74

17,773.66 15,567.32 14,982.95

0.020164 -0.050631 0.386488


Mar ' 11(12)

Mar ' 10(12)

Mar ' 09(12)

SOURCES OF FUNDS Owner's Fund Equity Share Capital Share Application Money Preference Share Capital Reserves & Surplus Loan Funds Secured Loans Unsecured Loans Total USES OF FUNDS Fixed Assets Gross Block Less : Accumulated Depreciation Net Block Capital Work-in-progress Investments Net Current Assets Current Assets, Loans & Advances Less : Current Liabilities & Provisions Total Net Current Assets Total Book Value of Unquoted Investments Market Value of Quoted Investments Contingent liabilities Number of Equity shares outstanding (in Lacs)

Company Name : Suzlon Energy Ltd.Balance Sheet

No.of Years :6

299.39 287.76 287.530 0.02 00 0 15

6,648.27 3,425.53 2,519.72

672.26 771.78 276.612,412.48 364.86 58.76

10,032.40 4,849.95 3,157.62

779.2 567.04 400.41 84 1,439.52 0.058353266.98 178.57 104.73512.22 388.47 295.68134.63 92.71 76.25

4,919.48 805.26 292.74

7,048.40 5,068.61 3,754.362,582.33 1,505.10 1,261.414,466.07 3,563.51 2,492.95

10,032.40 4,849.95 3,157.624,919.48 805.26 292.74

0 0 07,584.65 3,607.72 251.63

14,969.34 2,877.65 2,875.31

1.068557 0.535951 #DIV/0!

Mar ' 08(12)

Mar ' 07(12)

Mar ' 06(12)

Company >> Share Price >>Beta Analysis

Suzlon Energy Ltd

Industry : Electric Equipment

Company Name NIFTYSuzlon Energy Ltd 1.7084

SUMMARY OUTPUT

Regression StatisticsMultiple R 0.492894R Square 0.242944Adjusted R Square 0.242318Standard Error 0.042542Observations 1212

ANOVAdf SS MS F

Regression 1 0.702746 0.702746 388.2968Residual 1210 2.189877 0.00181Total 1211 2.892623

CoefficientsStandard Error t Stat P-valueIntercept -0.002077 0.001222 -1.698771 0.089619X Variable 1 1.264937 0.064193 19.70525 3.46E-075


Significance F3.46E-075

Lower 95%Upper 95%Lower 95.0%Upper 95.0%-0.004475 0.000322 -0.004475 0.0003221.138995 1.390878 1.138995 1.390878

Finance >> Ratios >> Valuation RatiosSuzlon Energy Ltd

11-Mar 10-Mar 9-MarPrice Earning (P/E) 0 0 0Price to Book Value ( P/BV) 1.17 2 0.98Price/Cash EPS (P/CEPS) -275.84 -8.69 -17.21EV/EBIDTA 27 0 0Market Cap/Sales 1.82 3.21 0.88

Industry :Electric Equipment - Gensets / Turbines


8-Mar 7-Mar 6-Mar 5-Mar 4-Mar 3-Mar 2-Mar31.8 27.74 46.86 0 0 0 05.68 7.79 13.39 0 0 0 0

29.75 25.91 44.32 0 0 0 026.96 22.88 37.36 0 0 0 0

5.7 5.36 9.89 0 0 0 0

Finance >> Ratios >> DuPont ModelSuzlon Energy Ltd

11-Mar 10-Mar 9-Mar 8-Mar12.05 -10.9 -0.09 22.32

0.32 0.26 0.52 0.690.04 -0.03 0 0.15

-35.34 371.62 6,870.72 81.891.98 2.36 2.11 1.44

-2.35 -17.01 7.31 28.55

Industry :Electric Equipment - Gensets / Turbines

PBIDT/Sales(%) Sales/Net Assets PBDIT/Net Assets PAT/PBIDT(%) Net Assets/Net Worth ROE(%)


7-Mar 6-Mar 5-Mar 4-Mar 3-Mar 2-Mar24.06 26.48 24.65 23.26 24.86 25.22

1.11 1.2 1.53 1.28 0.9 1.910.27 0.32 0.38 0.3 0.22 0.48

81.97 81.87 76.47 79.28 78.77 84.181.31 1.13 1.54 1.61 1.3 1.22

32.61 45.39 60.1 36.3 19.07 62.56

Company Name : Suzlon Energy Ltd.CashFlow Statement

No.of Years :6

-223.21 -799.67 333.2 1,506.96762.13 2,423.62 -391.17 484.8

-751.52 -2,596.53 -3,583.18 -3,946.55-350.91 571.85 3,265.84 3,985.86-339.68 398.37 -708.28 524.11469.32 70.95 779.23 351.39129.64 469.32 70.95 875.5


Mar ' 11(12)

Mar ' 10(12)

Mar ' 09(12)

Mar ' 08(12)

Profit Before Tax Net CashFlow-Operating Activity Net Cash Used In Investing Activity NetCash Used in Fin. Activity Net Inc/Dec In Cash And Equivlnt Cash And Equivalnt Begin of Year Cash And Equivalnt End Of Year

Company Name : Suzlon Energy Ltd.CashFlow Statement

No.of Years :6

1,119.58 902.66747.35 -389.78

-1,165.54 -480.41453.34 1,098.23

35.15 228.04316.24 88.2351.39 316.24

Mar ' 07(12)

Mar ' 06(12)

Company Name : Suzlon Energy Ltd.Ratio Analysis

No.of Years :6

-0.69 -6.45 3.62 9.310.18 -5.64 4.28 9.89

-1.04 -9.08 -3.13 9.47-0.16 -8.27 -2.47 10.04

0 0 0 11.51 -1.26 5.77 10.71

38.11 35.9 43.23 46.4138.11 35.9 43.23 46.4124.52 22.51 48.4 46.3836.03 33.8 41.13 44.24

6.16 -5.57 11.92 23.092.56 -9.18 10.55 21.85

-3.95 -37.89 -6.34 20.090.71 -23.52 8.66 20.99

-1.82 -17.96 8.36 20.06-2.74 -25.3 -7.24 20.393.68 -0.83 9.16 18.09

0.81 1.02 0.52 0.290.98 1.36 1.13 0.44

50.35 42.37 46.91 69.253.57 2.97 8.91 9.65

2.18 2.21 2.62 2.731.31 1.14 0.81 1.461.91 2 2.19 2.12

4.5 4.67 5.45 4.71

0 0 0 12.360 0 0 11.650 0 0 87.44

100 0 100 88.18

199.09 0 11.44 2.080.96 0.04 2.31 12.05

Mar ' 11(12)

Mar ' 10(12)

Mar ' 09(12)

Mar ' 08(12)

PER SHARE RATIOS Adjusted E P S (Rs.) Adjusted Cash EPS (Rs.) Reported EPS (Rs.) Reported Cash EPS (Rs.) Dividend Per Share Operating Profit Per Share (Rs.) Book Value (Excl Rev Res) Per Share (Rs.) Book Value (Incl Rev Res) Per Share (Rs.) Net Operating Income Per Share (Rs.) Free Reserves Per Share (Rs.) PROFITABILITY RATIOS Operating Margin (%) Gross Profit Margin (%) Net Profit Margin (%) Adjusted Cash Margin (%) Adjusted Return On Net Worth (%) Reported Return On Net Worth (%) Return On long Term Funds (%) LEVERAGE RATIOS Long Term Debt / Equity Total Debt/Equity Owners fund as % of total Source Fixed Assets Turnover Ratio LIQUIDITY RATIOS Current Ratio Current Ratio (Inc. ST Loans) Quick Ratio Inventory Turnover Ratio PAYOUT RATIOS Dividend payout Ratio (Net Profit) Dividend payout Ratio (Cash Profit) Earning Retention Ratio Cash Earnings Retention Ratio COVERAGE RATIOS Adjusted Cash Flow Time Total Debt Financial Charges Coverage Ratio

0.95 -0.75 0.15 11.57

68.86 65.18 64.13 63.794.12 5.22 6.99 5.534.93 31.5 56.69 40.87

64.83 61.98 65.58 57.420.49 0.49 0.44 0.43

70.85 80.89 84.04 84.12

Fin. Charges Cov.Ratio (Post Tax) COMPONENT RATIOS Material Cost Component(% earnings) Selling Cost Component Exports as percent of Total Sales Import Comp. in Raw Mat. Consumed Long term assets / Total Assets Bonus Component In Equity Capital (%)

Company Name : Suzlon Energy Ltd.Ratio Analysis

No.of Years :6

Average

37.65 28.5740.2 30.16

36.82 28.5139.38 30.1

5 543.28 32.62

129.04 97.63129.04 97.63186.97 131.76118.11 87.27

23.14 24.75 13.91521.78 23.54 11.8519.41 21.28 2.121.18 22.51 8.42166729.17 29.25 11.1766728.53 29.19 7.13833332.63 31.89 15.77

0.03 0.070.3 0.12

76.56 88.910.36 10.53

3.37 2.981.49 2.47

2.4 2.053.96 3.56

15.5 20.0214.49 18.9684.84 80.0285.81 81.08

0.98 0.3812.8 17.69

Mar ' 07(12)

Mar ' 06(12)

11.91 16.23

61.96 63.516.08 4.43

33.03 5.6158.81 54.8

0.19 0.1487.52 87.59

ASSUME GROWTH RATESales 3,788.46 5,380.37 6,942.24 7,251.94

2,850.64 4,134.83 5,339.13 6,387.22EBIT 937.82 1,245.54 1,603.11 864.72EBIT(15% of sales on average) 568.27 807.06 1,041.34 1,087.79

56.93 104.03 142.14 436.3545.87 73.49 86.21 99.16

CAPEXWC increase (20% of change in sales)FCFF

Assets grew by 13% Depreciation grew by 13%WACCC 12.12GROWTH RATE LONG TERM 8

TERMINAL VALUE 20792After Discounting 3738TOTAL VALUE 3,499SHARE VALUE 19.685

Mar ' 06(12)

Mar ' 07(12)

Mar ' 08(12)

Mar ' 09(12)

Cost Of Sales

Financial Expenses Depreciation

FY

12 13 14 15 16 17 18 19

8 10 14 17 20 22 24 223,504.34 4,357.55 4,706 5,177 5,902 6,905 8,286 10,109 12,535 15,2923,699.82 4,088.76-195.48 268.79525.65 653.63 706 777 885 1,036 1,243 1,516 1,880 2,294734.35 631.4126.27 156.89 177 200 226 256 289 327 369 417

1,439.52 1,583 1,742 1,916 1,954 1,993 2,033 2,074 2,11570 94 145 201 276 365 485 552

-933 -1,021 -1,097 -1,005 -872 -691 -445 -161

YEAR 1 2 3 4 5 6 7 8

-832 -812 -778 -636 -492 -348 -200 -65

Mar ' 10(12)

Mar ' 11(12)

FY

20 21 22 23 24 25 26 27

22 22 23 21 20 19 18 1718,657 22,761 27,996 33,875 40,650 48,374 57,081 66,785

2,798 3,414 4,199 5,081 6,098 7,256 8,562 10,018

471 533 602 680 768 868 981 1,1092,158 2,201 2,245 2,290 2,336 2,382 2,430 2,479

673 821 1,047 1,176 1,355 1,545 1,741 1,941189 619 1,171 1,795 2,518 3,348 4,288 5,342

9 10 11 12 13 14 15 16

67 197 333 455 569 675 771 857

CVR SUZLON Project Final

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