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E-ISSN: 2617-5762|P-ISSN: 2617-5754
2024, Vol. 7, Issue 2
Analysing the relationship between axis bank stock performance, nifty fifty, and nifty bank indices: A comparative study
Dr. Sahifa Moosa Muradbi Mazgaonkar
Background: The correlation between Axis Bank stock performance and the Nifty Fifty and Nifty Bank indices is analyzed.
Objective: These observations were taken to see the relationship that exists for the last five years between the prices of these two indices with Axis Bank's stocks.
Materials and Methods: Data for this were derived from the NSE website from 1st April 2020 to 14th November 2024. An analysis was conducted using Spearman's Rank Correlation and descriptive statistics.
Results: Strong positive correlations between Axis Bank and Nifty Fifty with a correlation coefficient of 0.968 and Nifty Bank with a correlation coefficient of 0.978 with associated p-values < 0.001.
Findings: Axis Bank's stock performance is significantly correlated with both broader market trends and sector-specific developments.
Conclusion: Monitoring of both indices is recommended to devise an investment strategy in Axis Bank.
Pages : 470-473 | 70 Views | 29 Downloads
How to cite this article:
Dr. Sahifa Moosa Muradbi Mazgaonkar. Analysing the relationship between axis bank stock performance, nifty fifty, and nifty bank indices: A comparative study. Int J Res Finance Manage 2024;7(2):470-473. DOI: 10.33545/26175754.2024.v7.i2e.396
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