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COMPARATIVE RISK AND RETURN ANALYSIS OF TATA MOTORS, ITC LTD., AND THE MARKET: EVIDENCE FROM JANUARY-MARCH 2024

📘 Volume 13 📄 Issue 7 📅 july 2025

👤 Authors

Ananya Banerjee 1
1. The University of Burdwan, Economics, Barddhaman, West Bengal

📄 Abstract

This study investigates and compares the risk-return profiles of two prominent Indian companies: TATA Motors and ITC Ltd. in relation to the broader market, represented by the BSE Sensex, over the period from January 1, 2024, to March 28, 2024. Using monthly and quarterly data, average return is used as a measure of performance while standard deviation serves as a proxy for risk. The findings indicate divergent behavior between the two companies: TATA Motors demonstrated higher returns with increased risk and a strong negative correlation with the market, while ITC Ltd. showed relatively stable, market-aligned movements. The analysis offers insights into the strategic placement of these stocks for investors with varying risk appetites and objectives.

🏷️ Keywords

Stock Market Analysis Risk and Return Correlation Analysis Investor Strategy Portfolio Diversification

🔗 DOI

View DOI - (https://doi.org/10.36713/epra23138)

📚 How to Cite:

Ananya Banerjee , COMPARATIVE RISK AND RETURN ANALYSIS OF TATA MOTORS, ITC LTD., AND THE MARKET: EVIDENCE FROM JANUARY-MARCH 2024 , Volume 13 , Issue 7, july 2025, EPRA International Journal of Economic and Business Review(JEBR) , DOI: https://doi.org/10.36713/epra23138

🔗 PDF URL

https://cdn.eprapublishing.org/article/202507-04-023138.pdf

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