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VOL. 12, ISSUE 1 (2026)
Impact of working capital management indicators on stock prices - An empirical study of selected steel companies in India
Authors
Sourav bhuiya
Abstract
The purpose of this study is to investigate the
impact of working capital management on stock prices for 14 steels companies
listed on BSE, using panel data for ten years from 2015 to 2024. The primary
goal is to analysis WCM and Stock Return on steel companies in India. Working
capital management ensures that a business functions smoothly by keeping an eye
on and making the most use of its current assets and liabilities. The WCM
analysis assists firm stakeholders in evaluating the company's liquidity status.
The study is based on secondary data taken from the company's annual report. We
analyzed the data using financial ratio analysis tools. The optimal amount of
liquidity may reduce costs while contributing more to the success of a company.
Based on the results, the author confirms the relationship between Working
capital management and stock prices are significant, as well as provides steel
companies in India with solutions to WCM effectively in order to enhance firms’
value, especially in such an uncertain economic condition.
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Pages:341-346
How to cite this article:
Sourav bhuiya "Impact of working capital management indicators on stock prices - An empirical study of selected steel companies in India". International Journal of Commerce and Management Research, Vol 12, Issue 1, 2026, Pages 341-346
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