IMPACT OF FUNDAMENTAL FACTORS ON STOCK PRICES WITH SPECIAL REFERANCE TO AUTOMOBILE SECTOR IN INDIA

Commerce

NATIONAL CONFERENCE ON EMERGING TRENDS IN BUSINESS: Social and Legal issues in India

A well organized and a well regulated capital market facilitates sustainable development of the economy by providing long term funds in exchange for financial assets to investors. An economy needs funds for their economic development and growth. These fund requirements of economies are met from savings of the individuals, firms and government whose income exceeds than The automobile sector is a key player in the global and Indian economy. Indian automobile industry contributes 4.7% of Indian GDP and 19% of India’s direct tax revenue. Top most players of automobile sectors are Tata motors, Mahindra& Mahindra, Maruti Suzuki India Ltd, Bajaj auto, Hero moto-corp, Ashok Leyland ltd and TVS motor co etc. Progress and profitability of these companies is clearly understood by each investor by fundamental analysis. Rational investment decisions are based analysis of various fundamental factors. This is the context of the present study. The study analysis the impact of fundamental factors on stock prices of seven leading automobile companies in India by considering EPS, DPS, and ROCE. The simple& multiple regression and coefficients are used for analysis.

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