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INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016 Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI) |
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| Paper Title: | Relationship between Profitability and Stock Price: A Study of selected Pharmaceutical Companies in India |
| Authors Name: | Dr. Amit Das |
| Download E-Certificate: | Download |
| Author Reg. ID: |
IJNRD_213147
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| Published Paper Id: | IJNRD2401307 |
| Published In: | Volume 9 Issue 1, January-2024 |
| DOI: | |
| Abstract: | This study examines the relationship between of profitability indicators and stock prices of selected pharmaceutical companies in India. This study is based on secondary data obtained from CMIE Prowess database for the period from 2007 to 2022. In the course of analysis, correlation statistics, panel unit root test, panel causality test and ARDL model have been used. The results conclude that there is no causality association between NPM, ROCE, ROA, and RONW and stock prices in selected 5 Pharmaceutical companies in India. Besides, the ARDL model has been employed to find out long-run and short-run upshots of this association. No log-run association is identified for profitability and its stock prices; but, there is a positive upshot in short-run. |
| Keywords: | Profitability indicators, stock prices, pharmaceutical company, India, panel causality test. |
| Cite Article: | "Relationship between Profitability and Stock Price: A Study of selected Pharmaceutical Companies in India", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.9, Issue 1, page no.d61-d65, January-2024, Available :http://www.ijnrd.org/papers/IJNRD2401307.pdf |
| Downloads: | 000118752 |
| ISSN: |
2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar| ESTD YEAR: 2016 An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator |
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Published Paper ID:IJNRD2401307 Registration ID: 213147 Published In: Volume 9 Issue 1, January-2024 DOI (Digital Object Identifier): Page No: d61-d65 Country: Kolkata, West Bengal, India Research Area: Commerce Publisher : IJ Publication Published Paper URL : https://www.ijnrd.org/viewpaperforall?paper=IJNRD2401307 Published Paper PDF: https://www.ijnrd.org/papers/IJNRD2401307 |
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ISSN: 2456-4184
Impact Factor: 8.76 and ISSN APPROVED
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