Research Journal of Economics & Business Studies - RJEBS - The ...

Oil Corporation 2012 Q3 -0.22 0.16 -0.16 -0.08 -0.22
Q4 -0.71 0.20 -0.20 -0.08 -0.20
Q1 0.30 0.31 -0.31 -0.20 0.41
Oil & Natural 2012 Q2 0.23 0.23 -0.24 -0.20 -0.23
Gas
Q3 -0.22 0.16 -0.16 -0.20 0.11
Q4 -0.12 0.19 -0.19 -0.20 -0.19
Telecommunication Sector
Company Year Factors Inflation Gdp Interest Rate Budget Forex Rate
Quarter
Q1 -0.02 -0.02 0.02 0.02 -0.08
Airtel
Q2 0.02 0.02 -0.02 0.02 -0.02
2012 Q3 -0.25 0.24 -0.24 0.02 -0.04
Q4 -0.07 0.07 -0.07 0.02 -0.06
Q1 -0.24 0.06 -0.06 0.04 -0.06
Q2 0.41 -0.15 0.15 0.04 -0.13
idea 2012 Q3 -0.09 -0.09 0.09 0.04 0.09
Q4 0.22 0.22 -0.22 0.04 0.29
Q1 0.09 0.09 -0.09 -.072 0.05
Q2 0.21 -0.21 0.21 -.072 -0.21
Reliance 2012 Q3 -0.10 0.10 -0.10 -.072 -0.10
Q4 0.02 -0.02 0.02 -.072 0.03
Q1 -0.13 -0.14 0.13 -0.09 0.18
Q2 0.24 -0.24 0.25 -0.09 -0.25
Vodafone 2012 Q3 -0.09 0.09 -0.09 -0.09 -0.09
Q4 -0.22 -0.22 -0.21 -0.09 -0.22
Q1 -0.004 -0.003 0.003 -0.076 0.04
2012 Q2 0.14 -0.15 0.14 -0.076 -0.14
Tata
Q3 -0.16 0.16 -0.16 -0.076 -0.13
Q4 0.12 0.088 0.16 -0.076 0.18
From the above table it is inferred that budget rate, inflation, GDP, interest rate and Forex rate have a
negative relationship with the listed company stocks which and it is implied that there is an indirect
relationship after the announcement of change in macro-economic factors.
Table 6.3 Regression Analysis For The Stocks And Macro Economic Factors
Automobile Sector
Company Factors Inflation GDP Interest Budget Forex
year
Rate
Rate
Ashok Leyland 2012 1.51 1.59 1.51 1.55 1.72
2011 .73 1.76 1.79 1.8 1.9
2010 1.43 1.48 1.27 1.46 .05
Bajaj 2012 3.11 3.21 3.12 3.29 3.88
2011 3.96 3.24 3.29 3.25 3.61
2010 2.96 2.91 2.97 2.97 3.11
Mahindra & 2012 2.80 2.85 3.75 2.65 2.80
Mahindra
2011 2.78 2.85 2.93 2.79 2.85
2010 2.86 2.76 2.78 2.74 3.06
.Maruthi 2012 .21 1.76 1.92 1.87 1.96
www.theinternationaljournal.org > RJEBS: Volume: 02, Number: 09, July-2013 Page 39