Random Walk Share Price Movements of Ashok Leyland Ltd. Irrespective of Active Corporate Initiatives
Journal Title: IOSR journal of Business and Management - Year 2018, Vol 20, Issue 1
Abstract
The corporate decisions are generally considered to be influencing the share price movements since the share price movements are found to be highly sensitive. There is literature support describing the association of corporate achievements, decisions, events and financial results with share price movements. Data have been collected from Ashok Leyland Ltd. during the period from January 2014 to December 2016. The decision study has been conducted based on the data collected. Each of the achievements, decisions, events have been analysed very closely and their impact on share price movements have been identified. Both percentage analysis and paired t-test have been applied in the methodology. The random walk of share price movement has been observed in spite of active initiatives from the part of Ashok Leyland Ltd.
Authors and Affiliations
Mr. Shino P. Jose, Prof. Dr. T. Asokan
Keywords
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- EP ID EP409582
- DOI 10.9790/487X-2001086670.
- Views 73
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