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ISSN Approved Journal No: 2320-2882 | Impact factor: 7.97 | ESTD Year: 2013
Call For Paper - Volume 13 | Issue 12 | Month- December 2025
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Published Paper Details:
Paper Title
STOCK MARKET REACTION TO DIVIDEND ANNOUNCEMENT : AN EMPIRICAL STUDY ON RELIANCE INDUSTRIES LIMITED
Authors
Mrs.Ramya.K, Dr.E.KARTHIKA
Keywords
Dividend, Event Study, Market Model, Abnormal Return
Abstract
Stock markets are more sensitive to market information whether it is positive or negative it will significantly impact on stock price. The aim of this paper is to analyze stock price on corporate action that is particularly dividend announcement that effect on stock price. Thus, this study attempts to analyse impact on dividend announcement on stock price of Reliance Industries Limited (RIL). For the purpose of study secondary data was collected from Bombay Stock Exchange ( BSE). Data are collected for 30 prior to dividend announcement and 30 days after dividend announcement and shorter window of 5 days are also analyzed. The study employs various tools such as Event study Methodology, Market Model and t test. This research paper concludes that the stock market reacts to dividend announcement in the post announcement period.
Index Term - Dividend, Event Study, Market Model, Abnormal Return
IJCRT's Publication Details
Unique Identification Number - IJCRT2506682
Paper ID - 289506
Page Number(s) - f834-f838
Pubished in - Volume 13 | Issue 6 | June 2025
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Publisher Name - IJCRT | www.ijcrt.org | ISSN : 2320-2882
E-ISSN Number - 2320-2882
Cite this article
Mrs.Ramya.K, Dr.E.KARTHIKA, "STOCK MARKET REACTION TO DIVIDEND ANNOUNCEMENT : AN EMPIRICAL STUDY ON RELIANCE INDUSTRIES LIMITED", International Journal of Creative Research Thoughts (IJCRT), ISSN:2320-2882, Volume.13, Issue 6, pp.f834-f838, June 2025, Available at :http://www.ijcrt.org/papers/IJCRT2506682.pdf
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Submit Manuscript Online Impact Factor: 7.97 Review Results : Within 02-03 Days Paper Publication : Within 02-03 Days
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ISSN: 2320-2882 Impact Factor: 7.97 and ISSN APPROVED Journal Starting Year (ESTD) : 2013
ISSN and 7.97 Impact Factor Details
ISSN: 2320-2882 Impact Factor: 7.97 and ISSN APPROVED Journal Starting Year (ESTD) : 2013
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