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Date : Aug 31, 2004

Table 233 : Average Price / Earning Ratio

Year / Month April May June July   August September October November December January February March Annual 1 2 3 4 5   6 7 8 9 10 11 12 13 14 1990-91 16.84 17.76 16.73 18.67   21.31 23.52 23.10 22.30 19.69 16.79 18.44 19.68 19.57 1991-92 21.09 21.73 21.52 23.24   26.24 24.75 23.79 24.10 23.98 26.55 31.33 44.32 26.05 1992-93 52.60 42.80 39.60 33.55   33.57 38.76 37.60 32.15 31.35 30.72 32.93 29.34 36.25 1993-94 27.36 28.81 29.26 27.66   35.40 36.90 32.81 34.44 39.64 46.08 49.31 46.83 36.21 1994-95 47.36 46.58 51.93 48.08   46.89 45.84 41.65 37.35 34.72 32.16 30.95 30.37 41.24 1995-96 29.83 28.51 23.15 19.15   18.87 18.67 18.83 16.45 15.76 15.34 17.69 17.29 19.92 1996-97 18.39 19.30 20.17 18.59   14.89 13.83 12.71 12.00 11.51 13.46 13.52 14.57 15.34 1997-98 14.19 14.27 15.20 16.32   15.80 14.66 14.89 13.50 13.04 13.24 13.55 15.24 14.50 1998-99 16.55 15.74 13.32 12.91   11.46 11.50 10.27 10.91 11.65 12.95 12.99 14.59 12.86 1999-00 13.77 15.76 16.53 18.40   19.87 20.41 21.16 19.98 20.91 23.34 24.37 22.69 19.78 2000-01 27.79 27.68 29.39 28.51   25.27 24.09 19.57 19.90 20.84 21.42 22.30 19.72 23.86 2001-02 18.09 18.86 17.49 16.28   16.69 15.20 14.29 14.89 15.59 16.35 17.28 17.55 16.55 2002-03 16.83 16.19 15.92 15.34   13.62 13.14 12.68 13.22 14.37 14.43 14.22 13.74 14.51 2003-04 13.21 13.21 14.61 14.73   15.33 15.76 17.07 16.28 17.30 19.39 18.71 18.55 16.19 2004-05 19.31 17.28 14.76 14.82 P                   P Provisional.                           * Data relate to scrips included in BSE Sensitive Index and are arrived at using daily price / earning ratio.       Source : The Stock Exchange, Mumbai (BSE).