Volatilityspillover Of Pharmaceutical Stocks In Indian Stock Market Listed In The Nse During The Russian &Ukrainewar- An Event Analysis.

Abstract

Purpose: The volatility of a stock price is defined as the percentage change from one period to another in the stock price. Increased stock price volatility is indicative of more risk and provides investors with a better idea of the possible future swings. A stock's volatility indicates the possible range of price movements over a certain time period and is calculated as the standard deviation of the stock's annualized returns.
Design/Methodology/Approach: The study mainly focusses on the Volatility of Share Prices of selected pharmaceutical stock in the NSE-India during the Russian & Ukraine War for the period of Five months and what are the factors are impact on volatility of stocks in the stock market in India.
Originality/Value: In this study is base for stock market volatility of pharmaceutical stocks based on Russian and Ukraine War. I had selected Five Pharma companies for this analysis Namely Lupin pharma Company, Cipla Pharma Company. Torrent Pharma Company, Sun Pharma Company, Gland Pharma Company for the period of Five Months daily data December 2021 to June 2022.
Findings:The study is restricted to consider only the share prices of the stocks on dividend announcement day.The study is confined to 10 selected cement industries which are listed in National Stock Exchange.Ten years, from 2013 to 2022, make up the research period.