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Asian Journal of Management
Year : 2019, Volume : 10, Issue : 4
First page : ( 389) Last page : ( 393)
Print ISSN : 0976-495X. Online ISSN : 2321-5763.
Article DOI : 10.5958/2321-5763.2019.00059.3

A study on the performance of Agro based stocks-An Evidence from select listed companies

Krishnamurthy A.1, Suresha B.2,*

1Student, Master of Business Administration Finance Management, Christ (Deemed to be University), Bengaluru, Karnataka, 560029

2Associate Professor, Department of Management Studies, Christ (Deemed to be University), Bengaluru, Karnataka, 560029

*Corresponding Author E-mail: kaparna.95@gmail.com, suresh.b@christuniversity.in

Online published on 3 February, 2020.

Abstract

Agriculture has a great significant value in Indian Economy. Indian agriculture sector contributes to about 18% of India's GDP. It provides employment to over 50% of the countries’ workforce. Hence, investment in such companies is very valuable and it can help in optimal utilization of all the resources present and also in bringing in innovation into the industry. Given the potential of stock market, a study is carried out on the stock liquidity of the agro-based companies. The major determinants of stock liquidity are Current market price, Volume of shares traded, Earnings per share, Price to Earnings Ratio, Dividend, Earnings yield and Dividend yield. Data has been collected from CMIE Prowess for a period of 10 years (2007–2017) for 38 companies. Tests such as Regression and Granger Causality has been performed on these variables. It has been observed that Dividend yield, Dividend and Current Market price has a great effect on the Volume of shares trades and Dividend yield and Earnings yield are closely related.

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Keywords

Agro-based, Dividend yield, Current market price, Stock liquidity, Earnings per share.

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