Open Access Open Access  Restricted Access Subscription Access
Open Access Open Access Open Access  Restricted Access Restricted Access Subscription Access

"Impact of Quarterly Financial Results Announcement on Stock Price of Selected Plastic Company"


Affiliations
1 Department of Management, SRIMCA, India
2 Department of Management, Uka Tarsadia University, India
     

   Subscribe/Renew Journal


The study is about the impact of quarterly financial result announcement on stock price of selected plastic company. The objective of the study is to investigate before and after impact of Earnings announcements on the selected plastic stocks. The four plastic companies Quarterly result report and share price data for last five years (2011-12 to 2015-16) have been used for study. The paired sample t test is used to compare the prices of stocks before announcement and after announcement of quarterly results by companies.

The Researchers found that out of 79 quarter in total of five years, 31 quarter has shown negative effect, it means after the announcement of results, share price goes down. The positive effect found in 18 quarter, which suggest that, after the announcement of quarterly result, the share price shows positive trend. Whereas, in remaining 30 quarters there is no effect, it means before and after announcement, the price remains the same. So it is found that, quarterly result has a mix results on company's share price. It can be said that, there are other factors also which affects share price in Indian Market.


Keywords

Quarterly Report, Paired Sample T Test, Sensex, Share Price, Macro Factor.
Subscription Login to verify subscription
User
Notifications
Font Size


  •  Babu C. and R. Kasilingam R (2013). “Impact of quarterly result on share prices”. Indian journal finance, March 2013 .
  •  Iqbal T. (2016). “The Reaction of Bahrain Bourse to Announcement of Annual Financial Results”. International Review of Business Research Papers Vol. 12. No. 1. March 2016 Issue. Pp. 64 – 75.
  •  Khanna K. (2011). “Impact Of Quarterly Results On Sensex And Market Volatility- An Empirical Research”. Journal of Accounting & Finance, Vol. 26, No. 1, Oct 2011-Mar 2012 (ISSN 0970 9029).
  •  Mittal S. (2015). “Share Price Response to Quarterly Earnings Announcements”. International Journal of Trade & Commerce-IIARTC January-June 2015, Volume 4, No. 1 ISSN-2277-5811 (Print), 2278-9065 (Online).
  •  Menike M. and Wang M. (2013). “Stock Market Reactions to the Release of Annual Financial Statements Case of the Banking Industry in Sri Lanka”. European Journal of Business and Management, ISSN 22221905 (Paper), ISSN 2222-2839 (Online) Vol.5, No.31, 2013.
  •  Patni I. and Khatri E. (2015). “Impact Of Result Announcements On The Performance Of Stock Prices: A Study Of Banking Stocks”. Vidyasagar University Journal of Commerce Vol. 20, 2015/ISSN 09735917.
  •  Pandya K., Bulsari S., Sinha S. (2012). “SPSS in simple steps”. ISBN: 97893-5004-251-9.
  •  Subramaniam S, Mahadevan A, Aarthy R. (2012). “An empirical investigation on the announcement of corporate quarterly results”. International Journal of Multidisciplinary Research Vol.2 Issue 1, January 2012, ISSN 2231 5780.
  •  Shukairi N. (2015). “The Effect of Financial Statement Disclosure On Stock Prices On Industrial Shareholding Companies”. European Journal of Business and Social Sciences, Vol. 4, No. 07, October 2015. P.P. 13 – 20, ISSN: 2235 -767X.
  •  Yadav . R (2015). “Effects of declaration of quarterly results on share price of selected automobile companies”. Volume 4, Issue 5 (May, 2015), Online ISSN-2277-1166.
  •  Yakubu A., Elijah A., Sampson V. (2013). “Effects Of Earnings Announcement On Share Price: The Case Of Ghana Stock Exchange”. International Journal of Research in Social Sciences, Aug 2013. Vol. 2, No.4 ISSN 2307-227X
  • Websites:
  • https://www.nseindia.com/corporates/corporateHome.html?id=eqBoard Meetings&radio_btn=company&param=SUPREMEIND
  • http://www.bseindia.com/
  • http://www.moneycontrol.com/
  • https://www.nseindia.com/

Abstract Views: 302

PDF Views: 0




  • "Impact of Quarterly Financial Results Announcement on Stock Price of Selected Plastic Company"

Abstract Views: 302  |  PDF Views: 0

Authors

Mayur Patel
Department of Management, SRIMCA, India
Krunal Patel
Department of Management, Uka Tarsadia University, India

Abstract


The study is about the impact of quarterly financial result announcement on stock price of selected plastic company. The objective of the study is to investigate before and after impact of Earnings announcements on the selected plastic stocks. The four plastic companies Quarterly result report and share price data for last five years (2011-12 to 2015-16) have been used for study. The paired sample t test is used to compare the prices of stocks before announcement and after announcement of quarterly results by companies.

The Researchers found that out of 79 quarter in total of five years, 31 quarter has shown negative effect, it means after the announcement of results, share price goes down. The positive effect found in 18 quarter, which suggest that, after the announcement of quarterly result, the share price shows positive trend. Whereas, in remaining 30 quarters there is no effect, it means before and after announcement, the price remains the same. So it is found that, quarterly result has a mix results on company's share price. It can be said that, there are other factors also which affects share price in Indian Market.


Keywords


Quarterly Report, Paired Sample T Test, Sensex, Share Price, Macro Factor.

References