The present study is an attempt to evaluate the share price behaviour of sample companies listed in SandP BSE Health care. In the literature of Economics and Finance, market efficiency has been a long debate since thirty years back. Indian Healthcare sector is growing at a rapid pace with foreign investments at a high level. The Research and Development in Indian Pharmaceutical sector has brought out with much technological advancement in the treatment of patients. The combined growth of Rand D and Foreign Investments has made the shares of Indian Healthcare sector to be significantly volatile. In this connection, the study evaluated the dependency of share prices of sample healthcare companies listed in SandP BSE Healthcare over the period 01st April 2007 to 31st March 2013. Using various statistical and econometric methods namely Runs Test, Autocorrelation test, the study found that historical share prices of sample companies had not effects in determining the future share price movements.
Cite this article:
M. Babu. Information Flow and its Effects on Stock Prices-Evidence from S&P BSE Healthcare. Res. J. Humanities and Social Sciences. 2018; 9(2): 454-460. doi: 10.5958/2321-5828.2018.00077.3