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VOL. 8, ISSUE 3 (2026)
An explorative study on the firm-specific factors and share price behaviour of selected companies of NSE
Authors
Dr. Ravindar Kapuganti, Dr. Gajendra Babu PGK
Abstract
The depth study on the determinants of stock
price behavior particularly firm specific factors is very crucial study in
investment domain. The present study emphasized on realizing the most
determinants of share price behavior from Indian context. The study selected
five companies namely are Kotak mahendra, SBI, Bajaj finance, L&T and
Utratech company limited. In the study firm
specific factors comprised of growth factors (Total assets), profitability
(EPS,PAT,ROE,ROA, and ROCE), leverage (debt to equity ratio), liquidity
(current ratio), market indicators (BVPS and P/E ratio). The study adopted
correlation, multiple regression, Ordinary Least Squares, Fixed Effect
Model, and Random Effect Model are five statistical models that can be utilized
to assist in the identification of firm-specific. The study found that fixed
effect model is preferred than random effect model. The outcome strongly
support the EPS, PAT, ROA and ROE variables are strong determinants of stock
price behaviour than other variables. The hypothesis proved that fixed effect
model was preferred than random effect model.
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Pages:6-11
How to cite this article:
Dr. Ravindar Kapuganti, Dr. Gajendra Babu PGK "An explorative study on the firm-specific factors and share price behaviour of selected companies of NSE". International Journal of Management and Commerce, Vol 8, Issue 3, 2026, Pages 6-11
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