Interim report impact on stock price-A comparative study (With special reference to HCL technologies)

This paper analysis the market price fluctuation will be taken place because of number of reasons, but report scope depends on market price fluctuation because of disclosing interim report. Interim and annual reports are some of the most crucial sources of information regarding company's performances. Interested parties such as analyst and investors access this information and compare it with expectations so we took Q3 and Q4 results of HCL TECH and same quarters stock price to make the comparisons between price and results to know the positive and negative effects on stock price movements. The complete study shows that investor attitude towards investment mainly depends on earnings announced by the company. Good result will encourage long-term investment by foreign promoters. Generally interim report act as a guideline to the institutional investors from foreign countries, who act as a major player in our stock market, if the interim reports of the company is good with huge profit then the company can attract large number of institutional investors and there will be a visa versa relationship in case of loss. Interim report are not only the factor influence in the movement of stock prices but there also some other factors which causes for the price fluctuation, so the investor should take into consider all such factors along with interim reports before investing their money in a particular company, so they can earn better returns on their investment