ISSN 2394-5125
 

Research Article 


A STUDY ON BUYBACK ANNOUNCEMENT AND ITS EFFECT ON STOCK PRICE AT BOMBAY STOCK EXCHANGE

Sowmya.S., Harshitha.M.R.

Abstract
Buyback of shares is a very common decision followed by the corporates worldwide, the Indian corporates are not exceptional in this regard. In
IndiaBuybackof shares has gained more popularity in the recent years though it is practising from past two decades.The present study is an attempt to
analyse the impact of share buyback on the stock price at BSE, to achieve the same the sample of 123 buyback announcements under open market
offer and tender offer from January 2016 to October 2018 has been identified and considered. The average abnormal returns and cumulative average
abnormal returns are calculated under the market model and capital asset pricing model of the event study methodology, to observe the results of 21
days window period. The SEBI, BSE websites, and capital line data base are extensively used for the required data collection

Key words: Average abnormal returns, capital asset pricing model, Cumulative average abnormal returns, event study, market model, Stock price


 
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Pubmed Style

Sowmya.S., Harshitha.M.R. A STUDY ON BUYBACK ANNOUNCEMENT AND ITS EFFECT ON STOCK PRICE AT BOMBAY STOCK EXCHANGE. JCR. 2020; 7(18): 830-839. doi:10.31838/jcr.07.18.114


Web Style

Sowmya.S., Harshitha.M.R. A STUDY ON BUYBACK ANNOUNCEMENT AND ITS EFFECT ON STOCK PRICE AT BOMBAY STOCK EXCHANGE. http://www.jcreview.com/?mno=95109 [Access: July 09, 2020]. doi:10.31838/jcr.07.18.114


AMA (American Medical Association) Style

Sowmya.S., Harshitha.M.R. A STUDY ON BUYBACK ANNOUNCEMENT AND ITS EFFECT ON STOCK PRICE AT BOMBAY STOCK EXCHANGE. JCR. 2020; 7(18): 830-839. doi:10.31838/jcr.07.18.114



Vancouver/ICMJE Style

Sowmya.S., Harshitha.M.R. A STUDY ON BUYBACK ANNOUNCEMENT AND ITS EFFECT ON STOCK PRICE AT BOMBAY STOCK EXCHANGE. JCR. (2020), [cited July 09, 2020]; 7(18): 830-839. doi:10.31838/jcr.07.18.114



Harvard Style

Sowmya.S., Harshitha.M.R (2020) A STUDY ON BUYBACK ANNOUNCEMENT AND ITS EFFECT ON STOCK PRICE AT BOMBAY STOCK EXCHANGE. JCR, 7 (18), 830-839. doi:10.31838/jcr.07.18.114



Turabian Style

Sowmya.S., Harshitha.M.R. 2020. A STUDY ON BUYBACK ANNOUNCEMENT AND ITS EFFECT ON STOCK PRICE AT BOMBAY STOCK EXCHANGE. Journal of Critical Reviews, 7 (18), 830-839. doi:10.31838/jcr.07.18.114



Chicago Style

Sowmya.S., Harshitha.M.R. "A STUDY ON BUYBACK ANNOUNCEMENT AND ITS EFFECT ON STOCK PRICE AT BOMBAY STOCK EXCHANGE." Journal of Critical Reviews 7 (2020), 830-839. doi:10.31838/jcr.07.18.114



MLA (The Modern Language Association) Style

Sowmya.S., Harshitha.M.R. "A STUDY ON BUYBACK ANNOUNCEMENT AND ITS EFFECT ON STOCK PRICE AT BOMBAY STOCK EXCHANGE." Journal of Critical Reviews 7.18 (2020), 830-839. Print. doi:10.31838/jcr.07.18.114



APA (American Psychological Association) Style

Sowmya.S., Harshitha.M.R (2020) A STUDY ON BUYBACK ANNOUNCEMENT AND ITS EFFECT ON STOCK PRICE AT BOMBAY STOCK EXCHANGE. Journal of Critical Reviews, 7 (18), 830-839. doi:10.31838/jcr.07.18.114





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