The book Fundamentals of Security Analysis is designed to introduce students to the essential concepts, tools, and techniques required to evaluate and analyze investment securities in the dynamic financial market. The first unit, Introduction to Securities and Investment Environment, familiarizes readers with the types of financial securities such as equity, debt, and derivatives, and explores key investment features including return, risk, and liquidity. It also provides a comprehensive overview of the Indian capital market, the regulatory role of SEBI and stock exchanges, and the classification of investors based on their objectives. The second unit, Fundamental Analysis of Equity Securities, delves into macroeconomic, industry, and company-level analysis, equipping learners with the ability to interpret financial statements and valuation metrics like EPS, P/E ratio, and intrinsic value. The third unit, Technical and Risk Analysis of Securities, focuses on the visual and statistical techniques of security analysis, explaining chart patterns, trend analysis, and key risk measures such as beta and standard deviation. This book aims to build a strong analytical foundation for students and aspiring investors, enabling them to make informed investment decisions in a complex and ever-evolving financial landscape.