IMPACT OF ECONOMIC FACTORS ON THE STOCK PRICE BEHAVIOR OF RELIANCE INDUSTRY IN NSE

Abstract

The role of fundamental analysis in share price predication is very significant in the long run due to reflecting economic, industrial and company factors which have direct or indirect effect on the share price behaviour. Thus, present study analyzed the impact of economic analysis on the share price behaviour of Reliance Company for the period of 2014-2022 by applying the correlation and multiple regression analysis. The study found negative correlation between MPS and GDP, inflation and FII during the study period, in contrast, exchange rate, IIP and crude oil price has shown positive impact on the share price during the same period. The multiple regression analysis period revealed the significant impact of all independent variables on the dependent variable i.e. market price of the share of reliance company.