“Impact of Demonetisation on the Equity Share Prices of Chemical, Pharmecerutical and Cement Industry”
Journal Title: International Journal of Business and Management Invention - Year 2019, Vol 8, Issue 1
Abstract
The eve of 8th November 2016 marked a major change in the lives of every citizen of India. The Government banned the 500- and 1000-rupee notes of the country which had a major impact on every nook and corner of the country. This bold decision taken by the government was appreciated and welcomed by some, while it was criticized and condemned by others. The major motive behind this move was to eradicate the black money circulating in the economy. This was considered as one of masterstrokes of the government in the recent times. There were enormous difficulties faced by people. This is the period where the country witnessed “cashless India” as the payment applications like Paytm emerged as a leader. The major focus of this research is to analyses the effect of demonetisation on the equity share prices of various industries. 3 industries have been analyzed for the purpose of the research. The effect of demonetisation on the cement industry, chemical industry and pharmaceutical industry for a period of 6 months prior to demonetisation and 6 months after demonetisation have been analyzed in the research.
Authors and Affiliations
Raghav Vohra, Akanksha Jaikumar, Swetha Manikandan
Keywords
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