|
Volume : I, Issue : XII, January - 2012 PERFORMANCE EVALUATION OF KISOR P/E INVESTING B.M.Kanahalli and Sachin Balbhimrao DOI : 10.9780/22307850, Published By : Laxmi Book Publication Abstract : The P/E ratio is often used as a metric of investment in equities as Price-earnings is one of the style of
investing which is used in picking value stocks in India as well as other parts of world. But so far no concrete
research has been shown that Kisor P/E style of investing is yielding good return especially in Indian context.
This fact has come to our notice by the review of earlier studies. To examine its effectiveness, we applied
Kisor model to Nifty 50 Index over a period of 5 years (2006 to 2011). Our study proves the fact that, Kisor P/E
Style of investing yield superior return over a study period.
Hence, this study identifies Kisor P/E as one of the better stock picking strategy for retail investing class as it
is one of the better valuation measures to identify the undervalued stocks in the Indian Equity market. Keywords : Article : Cite This Article : B.M.Kanahalli and Sachin Balbhimrao, (2012). PERFORMANCE EVALUATION OF KISOR P/E INVESTING. Indian Streams Research Journal, Vol. I, Issue. XII, DOI : 10.9780/22307850, http://oldisrj.lbp.world/UploadedData/620.pdf References : - Gillan(1990), “An Investigation into CAPM Anomalies in New Zealand: The small Firm and Price-Earnings Ratio Effects”, Asia Pacific Journal of Management, Vol.7, December, pp.63-78
- Obaidullah (1991), “The Price/Earnings Ratio Anomaly in Indian Stock Markets”, Decision, Vol.18, July –September, pp. 183-190.
- Campbell and Shiller (1988) and Shiller (2000), Irrational Exuberance of P/E, Princeton University Press
- Tuli and Mittal (2001), “Determination of Price-Earnings Ratio” , Finance ndia, Vol. 15,No.4, December, pp.1235-1250.
- Mangala and Mittal (2005), “Price earnings ratio in stock market”, Journal of Finance, December. Pp. 55-62.
- Dhankar and Kumar ( 2007 ) , Determinations of Price-Earnings ratio, Decision, July- September PP. 150-162
- P.K. Dey (2009) “Key industries' P/E ratio plummets; blame poor corporate data, recession”, “The Financial Express”, Sunday, 13th November 2011.
- Shshikant(2010), “Pursuing the P/E factor”, “ Dalal Street Investment Journal”, July 5,2010, Pp 18-19.
- K.Singh (2010), “ Riding in Low Gear”, “ Dalal Street Investment Journal”, October 24,2010, Pp 80.81.
- K.Raghupathirao (2010) “Understanding P/E multiple to invest wisely”, “Business line” September 26, 2010
|
Article Post Production
Article Indexed In
|