International Journal of Commerce and Management Research


ISSN: 2455-1627

Vol. 3, Issue 10 (2017)

A study on weak form efficiency of equity share price returns of selected sample banks listed in Bombay stock exchange Bankex

Author(s): L Vijaya Kumar, Dr. R Balaguru
Abstract: The present study is an attempt to assess whether the daily share price returns of the selected banks listed in Bombay Stock Exchange Bankex are efficient in weak form or not. For the purpose of analysis, ten Banks listed in Bombay Stock Exchange Bankex as on 18th August 2017 were selected. The daily share price returns of the selected sample Banks were collected from the website of Bombay Stock Exchange. The weak form efficiency of selected banks listed in Bombay Stock Exchange from 1st April 2007 to 31st March 2017, were analyzed using Descriptive statistics, Augmented Dickey Fuller Test, Phillips Perron Test for Stationarity, Autocorrelation, Normality test using Kolmogorov- Smirnov and Shapiro –Wilk Test and Runs Test (Mean and Median base). The findings of the study indicated that there were no continuous upward and downwards trend of share price returns of selected sample banks listed in Bombay Stock Exchange Bankex, so the daily share price returns of sample Banks are not random during the study period.
Pages: 16-23  |  869 Views  338 Downloads
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