The title of the study is Impact of Bonus Issues on Stock Returns on selected equities in India. For the study five different industries and five different companies stock was taken. Different companies taken were Infosys, Mind tree, Kothari industries, Sudharshan etc. The period of study for each company is ten days before bonus announcements and ten days after bonus announcements. For the study mean return, standard deviation and volatility of stocks were analyzed. For testing hypothesis Ttest was used as this was appropriate in determining return before and after bonus announcements. The null hypothesis is that, there is no change in return after bonus announcements. It was found that the Infosys had high volatility in returns after bonus announcements whereas Mind tree and Kothari had less or little change in returns after bonus announcements. In all cases except Sudharshan Chemicals the null hypothesis was accepted. i.e there was no change in returns after bonus announcements in case of Sudharshan chemicals.
Bonus, mean return, standard deviation and volatility
