Decision Sciences
4 years ago

Earnings have no impact on share prices of automobile companies.

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An Empirical Study on the Relationship between Earnings and Share Prices of Automobile Companies Listed in NSE
S Ramkumar Kashyap., H R Shreelatha

Paper Summary

Investors want good returns from stocks, not just dividends but also higher share prices. A study looked at 5 automobile companies on the NSE from 2016 to 2020 to see if earnings affect share prices. They found no significant link between earnings and share prices. Other factors like EPS, DPS, PER, and PBR were also not strong predictors of share prices. So, earnings don't really determine share prices for these companies.

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