A STUDY ON RELATIONSHIP BETWEEN FINANCIAL PERFORMANCE AND SCRIPT PRICES OF SELECTED PHARMA COMPANIES LISTED ON NIFTY DURING 2005-2014
Keywords:
Pharma Companies, NSE, Financial Performance and Scrip prices MovementAbstract
This paper is dealing with the correlation among stock markets and accounting data from financial statements. With the development of Indian capital market, the function and impact of Indian listed companies has been more and more significant, especially the accounting information of the listed companies has an important effect on the quoted companies’ stock price and investors’ behaviour in the market. The research of this paper empirically analyses the relationship between accounting information and stock price with a few accounting information indexes. The results, based on three listed Pharma Companies in NSE during 2005-2015, Following points are concluded (1) There is a positive relation between accounting information and stock price, but the degree of significance varies; (2) Profitability factors had the most significant correlation. Theoretical Evidence from research on these topics is likely to be helpful in Stock market decisions, Determining accounting standard and corporate financial disclosure decisions.
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