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ISSN Approved Journal No: 2456-3315 | Impact factor: 8.14 | ESTD Year: 2016
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Impact Factor : 8.14
Issue per Year : 12
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Issue Published : 114
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| Paper Title: | A STUDY ON THE RELATIONSHIP BETWEEN P/E RATIO AND STOCK RETURNS IN THE NIFTY IT INDEX COMPANIES |
| Authors Name: | KAVIT ANJARIA , Saurav Bhardwaj |
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IJRTI_204141
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| Published Paper Id: | IJRTI2507068 |
| Published In: | Volume 10 Issue 7, July-2025 |
| DOI: | |
| Abstract: | This study investigates the relationship between Price-to-Earnings (P/E) ratios and stock returns of the ten constituent companies of India's NIFTY IT Index. With cognizance of the strategic importance of the IT sector to the Indian economy, the study takes a quantitative, non- experimental approach using secondary data from credible financial portals. Using descriptive statistics, Pearson correlation, and basic linear regression, the study gauges the efficacy with which P/E ratios have been able to predict stock return. The outcomes prove varied levels of correlation within companies, as evidenced by a high level of association for Persistent Systems (R² = 0.773), while some like Tech Mahindra and Coforge prove to lack any predictive prowess. Overall, the study confirms that the P/E ratios per se are not equally effective predictors of IT stock performance. The research suggests that investors need to pay attention to other financial and industry-specific variables in assessing investment potential. The research offers valuable insights for analysts, portfolio managers, and academics who are interested in valuation procedures in emerging economies. |
| Keywords: | P/E ratio, stock returns, NIFTY IT Index, financial analysis, investment decision making. |
| Cite Article: | "A STUDY ON THE RELATIONSHIP BETWEEN P/E RATIO AND STOCK RETURNS IN THE NIFTY IT INDEX COMPANIES", International Journal of Science & Engineering Development Research (www.ijrti.org), ISSN:2455-2631, Vol.10, Issue 7, page no.a580-a587, July-2025, Available :http://www.ijrti.org/papers/IJRTI2507068.pdf |
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2456-3315 | IMPACT FACTOR: 8.14 Calculated By Google Scholar| ESTD YEAR: 2016 An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.14 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator |
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Published Paper ID: IJRTI2507068
Registration ID:204141
Published In: Volume 10 Issue 7, July-2025
DOI (Digital Object Identifier):
Page No: a580-a587 Country: Ahmedabad, Gujarat, India Research Area: Management Publisher : IJ Publication Published Paper URL : https://www.ijrti.org/viewpaperforall?paper=IJRTI2507068 Published Paper PDF: https://www.ijrti.org/papers/IJRTI2507068 |
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ISSN: 2456-3315
Impact Factor: 8.14 and ISSN APPROVED,
Journal Starting Year (ESTD) : 2016
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