A Study of Risk and Return of different capitalisation stock in different phases of stock market during 2007-2009

     Presented paper on “A Study of Risk and Return of different capitalisation stock in different phases of stock market during 2007-2009” at 3^rd PIMG International Conference organized by Prestige Institute of Management Gwalior. This paper is also published in Book Titled “Transformation and Survival of Business Organisation” Published by MacMillan Publishers India Ltd. (2012) With ISBN: 978-935-059-061-4, Page Nos. 57-68.

 

Abstract: 

Stock Market is ever green field for Investment and good choice of investment provides very lucrative scope. But it is very difficult to select companies for investment as there are number of companies listed in different stock exchanges. In this paper I have tried to catagorise different stocks on the basis of Market Capitalisation and study them on the basis of performance of different Indices of Bombay Stock Exchange related to different Capitalisation Stocks i.e. Sensex for Large Cap Stocks, Mid Cap Index for Mid Cap Stocks and Small Cap Index for Small Cap Stocks. For my study I have used daily value of selected Indices from January 2007 to December 2009. In this study I have found that there is no major difference in risk and return of different capitalisation stocks, but there is significant difference in risk and return of same stocks in different phases of stock market i.e. Bearish Trend, Consolidation Period and Bullish Trend.