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VOL. 3, ISSUE 2 (2018)
A study on fundamental value drivers of stock returns: Evidence from Indian market
Authors
Jeril Shaji, Dr. Suresha B
Abstract
Market prices of the shares mirror the performance of the company. Today, wealth made by the company is more vital than the profit it makes or the dividend it pays to the shareholders. The goal of this exploration is to think about the relationship that exists between the fundamental share value and market prices of the shares. The hypothesis of the examination is that, there is noteworthy connection between EVA, MVA, ROCE and offer prices. EVA is the most important measure, which is better reflected in the market prices of the shares when contrasted with other conventional measures of performance, MVA is the present estimation of a progression of EVA esteems, lastly ROCE is the rate of return a business is making on the aggregate capital utilized in the business. This is tried on 20 organizations of the share trading system for a time of 5 years starting from FY 2011-2012 to FY 2015-2016. Analysis is finished utilizing the Regression tool. From the analysis, it is discovered that EVA, MVA& ROCE has no huge association with the Market prices and furthermore isn't a noteworthy affecting element among the performance measurements.
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Pages:265-268
How to cite this article:
Jeril Shaji, Dr. Suresha B "A study on fundamental value drivers of stock returns: Evidence from Indian market". International Journal of Academic Research and Development, Vol 3, Issue 2, 2018, Pages 265-268
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