Since 2014
A Study of Contrarian and Momentum Profits in Indian Stock Market
The International Journal of Financial Management
View Archive Info| Field | Value | |
| Title |
A Study of Contrarian and Momentum Profits in Indian Stock Market
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| Creator |
Dhankar, Raj S.; Dean, Faculty of Management Studies, University of Delhi, New Delhi, India.
Maheshwari, Supriya; Research Scholar, Faculty of Management Studies, University of Delhi, New Delhi, India. Email: supriya.maheshwari86@gmail.com |
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| Subject |
Behavioural Finance, Momentum, Contrarian, Indian Stock Market
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| Description |
This paper studies the Indian stock market within the framework of momentum and contrarian strategies, using the monthly-adjusted prices of all the stocks listed on National Stock exchange (NSE) having complete data for the sample period January 1997 to March 2013. The findings of the study document the presence of statistically significant short-term momentum and long-term overreaction effect in India. Further, the paper also evaluates the predictions of various behavioural models that propose that momentum profits eventually reversed in long term. The evidence of the paper provides support for the behavioural explanation of momentum and overreaction effect in Indian stock market.
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| Publisher |
Publishing India Group
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| Date |
2015-07-15
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
http://www.myresearchjournals.com/index.php/IJFM/article/view/3093
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| Source |
International Journal of Financial Management; Vol 4, No 2 (2014)
2229-5682 |
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| Language |
eng
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| Relation |
http://www.myresearchjournals.com/index.php/IJFM/article/view/3093/3021
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| Rights |
Copyright (c) International Journal of Financial Management |
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