International Research journal of Management Science and Technology

  ISSN 2250 - 1959 (online) ISSN 2348 - 9367 (Print) New DOI : 10.32804/IRJMST

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AN ANALYSIS OF THE PERFORMANCE OF MOMENTUM STRATEGY DURING RECENT REVIVAL OF INDIAN EQUITY MARKET

    2 Author(s):  DHANJAY YADAV , CHANDER GOPAL

Vol -  5, Issue- 2 ,         Page(s) : 176 - 185  (2014 ) DOI : https://doi.org/10.32804/IRJMST

Abstract

In Finance literature, the returns from pre-defined rules of making investments in equity have been an interesting topic for research. Several researchers have proved abnormal returns can be earned by implementing such trading rules. Returns from different trading rules have been an important part of the study of finance literature. Although The EMH( Efficient Market Hypothesis ) neglects any unusual returns from trading strategies which are based on the past information related to stock prices and financials, many researchers have proved otherwise and shown abnormal returns by implementing simple trading rules. In this study, a study has been done on the returns of momentum strategy during recent revival of the Indian equity market. The main finding is that the returns from momentum strategy has been significantly different from the overall market returns.

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