Indian Stock Market Research
This section provides a colossal wealth of information on over 600 leading companies in India, which form the Equitymaster Universe. These companies together account for over 90% of India's market value. So, get started and make the most of Equitymaster's proprietary database of Indian companies! By the way, we are still working on bettering the tools offered here. We request you to please send in your suggestions so that we can make them even more useful for you.
5-Yr Factsheets & Analysis Of India's Leading Companies
Starting your search for a stock to invest in? You've come to the right place! Equitymaster Fact sheets help you analyse performance of companies on various parameters over long periods of time. And here's the best part - our fact sheets also include a graphical analysis making it easy for you to see trends!
- Most Viewed: infosys ltdBHELmt educareinfinite computerbalkrishna ind
- Latest Updated: havells indindian overseas bankheidelberg cementunited bank of indiashalimar paints
Compare & Find The Better Stock!
Take the ambiguity out of the analysis! Use Equitymaster's Compare Company tool for a detailed comparison of two companies and decide which one's better for you! And of course, our Compare Company tool too comes with a graphical viewing option! Start comparing now...
- Most Viewed: hdfc bank - icici bankinfosys ltd - TCSTCS - infosys ltdtata motors - maruti suzukihdfc bank - axis bank
Now Compare Indian Companies With Their Global Peers!
Introducing a unique tool built by Equitymaster which enables you to compare Indian companies with their global peers... both in developed and emerging markets! Go ahead, make the most of it!
- Most Viewed: tata steel - arcelor m.infosys ltd - IBMTCS - IBMcity union bank - wells fargoyes bank - wells fargo
8-Qtr Results Of India's Leading Companies
How has corporate India performed in recent quarters? Here are tools that will give you both individual results of companies (over the last 8 quarters) as well as sector aggregates. And you also have the option to view the quarterly result trends graphically!
- Most Viewed: L&Treliance ind.axis banktata steelBHEL
- Latest Updated: gruh financeatul ltd.magma fincorpglenmark pharmasintex ind.
Click here for Latest Sector Wise Quarterly Company Results.
Advanced Stock Screener
Arguably among the most powerful Stock Screeners anywhere, this tool will help you zero in on companies that fit your investment criteria. Go ahead, try it now! Start with our most popular screens...
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Equitymaster's sector research reports are simple and easy to understand. At the same time they offer detailed analysis of both the performance of the sector, and its prospects. This is a great starting point for anyone who is starting to learn about stocks and sectors...
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Quarterly Results by Sector:
Indian Equity Markets: Measures of Fundamental Value
NBER Working Paper No. 16061
Issued in June 2010
NBER Program(s):Asset Pricing
In this paper, we take a critical look at the relationship between the value of capital stock in the Indian corporate sector and the valuation of claims to this capital stock in capital markets. We address the question of whether Indian equity valuations over the period 1991- 2008 are consistent with three key market fundamentals: corporate capital stock, after tax corporate cash flows and net corporate debt. Our analysis extends the neo-classical growth model to include intangible capital and key features of the tax code and uses national account statistics to estimate the equilibrium value of corporate equity relative to GDP. Our framework can provide policy makers with a benchmark to identify deviations in equity markets relative to those implied by economic fundamentals. In addition, it facilitates a quantitative assessment of policy changes such as, for example, the effect of changes in dividend taxation on stock prices. We caution the reader that although our framework is well suited to examining secular movements in the value of equity relative to GDP, it is not suitable to address high frequency price movements in the stock market. In fact, we know of no framework that can satisfactorily account for these movements in terms of the underlying fundamentals. High frequency volatility remains a puzzle. Based on our analysis, we conclude that in a large measure, Indian equity markets were fairly priced over the 1991-2008 period.
Machine-readable bibliographic record - MARC, RIS, BibTeX
Document Object Identifier (DOI): 10.3386/w16061
Published: “Indian Equity Markets: Measures of Fundamental Value”, India Policy Forum , Volume 6, 2010, pp 1 - 30 citation courtesy of