Downloading: Impact of Analysts' Recommendation on Stock Price
International Journal of Science and Research (IJSR)

International Journal of Science and Research (IJSR)
www.ijsr.net | Open Access | Fully Refereed | Peer Reviewed International Journal

ISSN: 2319-7064

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Impact of Analysts' Recommendation on Stock Price

Piyush Sharma

Abstract: This paper examines the effect of analysts' recommendations on stock return and liquidity shock. The study covers a sample of large, medium and small-cap stocks traded on the Indian stock market in January 2019. The empirical evidence suggests a reversed outcome of analysts' recommendations on the stock market return over long term.

Keywords: Stock Recommendation, Arbitrage opportunity, Liquidity Shock, Return



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