SMART Journal of Business Management Studies
Open Access
  • Year: 2012
  • Volume: 8
  • Issue: 1

A study on equity analysis of selected Oil Corporations

  • Author:
  • G. Venugopal1, A. Thilagaraj2, C. Soundar Rajan3
  • Total Page Count: 9
  • Page Number: 30 to 38

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.

Abstract

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.

Keywords

Crude Oil Price, Risk, Share Price, Nifty Index