1Assistant Professor in Commerce, Thiru Kolanjiappar Government Arts College, Vriddhachalam, Tamil Nadu, India, E-mail id: gvgopal1968@gmail.com
2Associate Professor, Department of Commerce, SRM University, Chennai, Tamil Nadu, India, E-MAIL ID: thilagaraj2025@yahoo.com
3Research Scholar,Coimbatore Institute of Management and Technology, Coimbatore, Tamil Nadu, India
Online published on 7 September, 2015.
The study investigated the effect of selected oil corporation share price on Nifty Index and it was found that IOC share price on Nifty Index recorded negative correlation while BPCL and HPCL share price on Nifty Index recorded a positive correlation. Analysis of standard deviation, co-efficient of variation and beta shows that HPCL share price was more stable and low risk than BPCL and IOC. The IOC share investment was risky compared to BPCL and HPCL during the study period. It concludes that selected oil corporations’ share experienced moderate risk and yielded moderate gain/loss to the investors due to global crude oil price during the study period.
Crude Oil Price, Risk, Share Price, Nifty Index
