Volume : 3, Issue : 4, April - 2014
Determination of Market Price of Select Banking Companies by Using Year Wise Y–X Correlation Analysis
Dr. R. Karpagavalli, Dr. S. Nirmala
Abstract :
The Indian stock market has witnessed a paradigm shift in the last two decades of economic reforms. Knowledge of the relative influence of fundamental factors on equity prices is useful to corporate management, government and investors. The post reform period witnessed deregulatory initiatives in the banking sector, an important constituent of the financial sector of the economy. The focus of this paper is on the fundamental variables influencing equity prices of ‘A’ Group and ‘B’ Group shares of the banking companies listed at BSE. Year wise Y–X Correlation analysis was employed in the analysis of data. The findings reveal that the variable market capitalization influenced the market share price of ‘A’ Group shares positively in all the years of the study period. Three variables namely book value per share, Dividend per share and earnings per share were found significant in the maximum number of years. For ‘B’ Group category the book value per share influences the market share price in all the years of study period followed by earning per share
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Download PDF Journal DOI : 10.15373/2249555XCite This Article:
Dr.R.Karpagavalli, Dr.S.Nirmala Determination of Market Price of Select Banking Companies by Using Year Wise Y-X Correlation Analysis Global Journal For Research Analysis, Vol:III, Issue:IV April 2014