Question

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.

Share	Market	Opening Price	Closing Price
SIFY	BSE (Rs)	232	247
INFY	NQE (#)	9.5	10.5
WIPRO	NQE (#)	5.5	6.5
TCS	NQE (#)	40.5	40

Which share and which market showed the highest % increase on 3rd Dec 2003?

• A. SIFY on BSE
• B. INFY on NQE
• C. WIPRO on NQE
• D. TCS on NQE

Hint:

Work out (Closing minus Opening) divided by Opening for each of the four given combinations; a ratio of Closing to Opening greater than 1 signals a rise, and the biggest ratio wins.

Answer 1

The Correct Option is C

Step 1: Understanding the Question:
We need the percent increase from opening to closing price for each of the four listed stock-and-market combinations, then pick the largest.

Step 2: Key Formula or Approach:
Percent increase is calculated within the same market and currency, since a stock's own opening and closing prices are already in the same units.
\[ \%\text{ increase} = \frac{\text{Closing} - \text{Opening}}{\text{Opening}} \times 100 \]

Step 3: Detailed Explanation.
SIFY on BSE: \( \dfrac{247-232}{232} \times 100 = \dfrac{15}{232}\times 100 \approx 6.47\% \).
INFY on NQE: \( \dfrac{10.5-9.5}{9.5}\times 100 = \dfrac{1}{9.5}\times 100 \approx 10.53\% \).
WIPRO on NQE: \( \dfrac{6.5-5.5}{5.5}\times 100 = \dfrac{1}{5.5}\times 100 \approx 18.18\% \).
TCS on NQE: \( \dfrac{40-40.5}{40.5}\times 100 \approx -1.23\% \), which is actually a fall, not a rise.

Step 4: Final Answer:
Comparing 6.47%, 10.53%, 18.18% and a negative change, WIPRO on NQE has the largest positive percentage increase.
\[ \boxed{\text{WIPRO on NQE}} \]