Article
CAPITAL MARKET AT ICICI DIRECT LTD
Capital market has emerged as a separate academic discipline in India. Portfolio theory that deals with the rational investment decision-making process has now become an integral part of financial literature. This study evaluates the investment potential of five companies in the context of their average returns, volatility, systematic risk, and expected returns. The companies analyzed include Tata Steel, Bajaj Auto, Bharat Dynamics, TVS Electronics, and Vaibhav Global. Findings reveal negative average returns across all companies, coupled with varying degrees of volatility and systematic risk. Recommendations suggest exercising caution and monitoring closely for signs of stability before considering investment. The conclusion emphasizes the importance of prudent observation and patience, highlighting the discrepancy between expected and actual returns. Ultimately, waiting for improved performance could mitigate risks and lead to more informed investment decisions.
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