Relationship between the Base Interest Rate and Share Prices of FMCG Companies in India

Vol-3 | Issue-12 | December 2018 | Published Online: 10 December 2018    PDF ( 251 KB )
Author(s)
Steve George 1; Twinkle Shetty 2; Santhosh Kumar 3; Thangjam Ravichandra 4

1BBA (F&A), Department of Professional Studies, Christ University, Bengaluru (India)

2BBA (F&A), Department of Professional Studies, Christ University, Bengaluru (India)

3BBA (F&A), Department of Professional Studies, Christ University, Bengaluru (India)

4Department of Professional Studies, Christ University, Bengaluru (India)

Abstract

This is a study on “RELATIONSHIP BETWEEN THE BASE INTEREST RATE AND SHARE PRICES OF FMCG COMPANIES IN INDIA” which aims to check if there exists any relationship between the share prices of fast moving consumer goods (FMCG) and the base interest rate in India, by the using paired t test. For this study we have considered top 8 listed FMCG companies in India. The top 8 companies have been chosen based on their turnover at the latest reporting date. The period of this study is 5 years. The FMCG companies chosen for this study are Hindustan Unilever Limited (HUL), Colgate – Palmolive, ITC Limited, Nestle, Britannia Industries Limited, Marico Limited, Procter and Gamble, and Godrej Group.

Keywords
Base Rate, Share Price, FMCG, India
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