Return on Indian equities, 1980-99: the sensex portfolio
By: Gupta, L.C.
Contributor(s): Choudhury, Utpal K.
Material type:
ArticlePublisher: 2000Description: p.357-64.Subject(s): Financial markets - India | Financial markets
In:
Economic and Political WeeklySummary: This study examines the long-term rates of return on a representative portfolio of 30 Indian companies of the BSE Sensex over 1980-99. It compares the rate of return over various holding periods and decomposes it into capital appreciation and dividend. The study finds that the only lasting effect on equity portfolio returns is that of growth in earnings per share, which latter have been growing since 1990 as a result of liberalisation. - Reproduced
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Articles
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Indian Institute of Public Administration | Volume no: 35, Issue no: 5 | Available | AR44263 |
This study examines the long-term rates of return on a representative portfolio of 30 Indian companies of the BSE Sensex over 1980-99. It compares the rate of return over various holding periods and decomposes it into capital appreciation and dividend. The study finds that the only lasting effect on equity portfolio returns is that of growth in earnings per share, which latter have been growing since 1990 as a result of liberalisation. - Reproduced
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