Volume : III, Issue : VI, June - 2013

Analysis of Free Stock Recommendations

Chandrashekhar R

Abstract :

Advisory okers advise investors on when to buy and sell stocks and keep them apprised of stock market trends and projections. Brokers recommend securities on the basis of their technical analysis and fundamental analysis. Investors rely almost entirely upon the advice of okers and they do not question these recommendations. They provide stock recommendations on expected price movements of top scrip’s via news papers, e–mails and mobile SMS. This study examines the performance of free stock recommendations published in the Hindu Business line and The Economic Times. I find significant difference between the predicted return and actual short term holding period return. The results of study reveal that majority of their suggestion yielded negative return over the period and all advisors were inaccurate in predicting market movement.  

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Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

Chandrashekhar R Analysis of Free Stock Recommendations Indian Journal of Applied Research, Vol.III, Issue.VI June 2013

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