STUDY OF APPLICABILITY OF CAPITAL ASSET PRICING MODEL ON RELIANCE INDUSTRIES

Priyanshi Joshi, Chandra Bhooshan Singh

Abstract


Abstract: The paper studies the application of the Capital Asset Pricing Model for the Indian Stock Market daily stock return of Reliance Industries listed on the National Stock Exchange for the period of 1st July 2015 to 31st July 2020. The finding of this study is validating the theory’s basic result that higher the risk (beta) higher the level of returns. The study shows that stock with high beta can outperform the index returns and can be a strong bid to hold the stock in the long run.

Keywords: CAPM, Reliance Industries Ltd, NSE, Nifty 50.


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References


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