Analysing Stock Price and Financial Performance in India's It Sector
Keywords:
Financial Performance, Stock Price, ITITAbstract
The primary objective of this study is to examine the correlation between stock prices and financial performance within the IT sector of India. The research objectives encompass the evaluation of the financial performance of three significant information technology businesses in India, as well as the investigation of the consequential influence of this performance on their respective stock prices. The sample under consideration comprises Tata Consultancy Services Ltd, Infosys Ltd, and HCL Technologies Ltd, which have been selected on the basis of their market capitalization. The research used a data coverage span of five years, especially ranging from 2018-19 to 2022-23, in order to evaluate the correlation between stock prices and financial success within the chosen IT firms. The analysis utilises two main methodologies: ratio analysis and regression analysis. This study aims to offer significant insights into the dynamics of the IT industry in India through a comprehensive analysis of financial indicators and stock prices. The results of this study will enhance comprehension of the relationship between financial performance and stock prices within the chosen IT firms, providing significant implications for investors, industry professionals, and scholars.
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