Published Paper Details:

Stock market is considered to be one of the most vital source for economic development in every country, but there are various factors that affect the performance of stock market directly or indirectly. The security prices reflect the performance of a company. Both economic and non-economic factors invariably affect stock return behavior. The behavior of stock market is an important determinant for investor�s decision. This study aims to evaluate the impact of stock market behavior on Indian Infrastructure companies. For this purpose, data of top five Indian Infrastructure companies listed in BSE have been collected on the basis of highest market capitalization rate. For the said study, data have been collected for a period of 10 years from 2010-2019. Data so collected have been analyzed using Excel and E-Views Software. The results of correlation depicted a very strong and positive correlation between Market Price Per Share (MPS) and Earning Per Share (EPS) and a very weak but positive relation with Price- Earning (P.E) Ratio. For the purpose of measuring the impact we have used panel data regression analysis. MPS has been used as the dependent variable and EPS, P.E Ratio and Dividend Yield have been used as the independent variables. As the Time period (T = 10 years) is greater than the cross-sectional unit (I = 5 companies), that is we have a long panel so Fixed Effects Model (FEM) should be appropriate but the results of Hausman test finalized Random Effects Model (REM) to be the best fitted model for the said study.