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Research Paper | Financial Engineering | India | Volume 8 Issue 9, September 2019
Impact of Analysts Recommendation on Stock Price
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
Edition: Volume 8 Issue 9, September 2019,
Pages: 129 - 131