COVID-19 Update - This is to inform you that the Government of India has announced a complete lockdown in India 22nd March 2020 to 3rd May 2020. As a result, our offices will now be closed till 3rd May 2020 and all our employees will be working from home. Office telephones will not be answered, and therefore you are requested to direct all your queries related to manuscript submission, review process, publication etc. at below mentioned details.,, Mob. 8826373757, 8826859373, 9910947804

Article Access statistics

Viewed: 578

Emailed: 0

PDF Downloaded: 189

Journal of Management Research and Analysis

Variability in volume of shares traded of selected Pharmaceuticals companies –A study on Indian Stock market

Full Text PDF Share on Facebook Share on Twitter

Author Details : Krunal Bhuva, Vijay Vyas

Volume : 4, Issue : 3, Year : 2017

Article Page : 87-93

Suggest article by email


Observing the movement in volume of shares is an area of research that attracted the attention of various academicians and scholars. The present study is an effort to add and contribute to understand the behavior of fluctuations in the volume of Indian pharmaceutical share to find the effect of the dividend announcements and ex-dividend date on the volume of shares traded. Announcement of Dividend is generally considered as the positive signal to the shareholders and the same leads to demand in the shares during the period of announcement and ex-dividend date. A standard event study methodology is adopted in this paper to examine the price reactions of 15 listed pharmaceutical companies.

Dividend, Announcement date, Ex-dividend date, Volume of shares traded, Pharmacuetical companies, risk and returns.

How to cite : Bhuva K, Vyas V, Variability in volume of shares traded of selected Pharmaceuticals companies –A study on Indian Stock market. J Manag Res Anal 2017;4(3):87-93

Copyright © 2017 by author(s) and J Manag Res Anal. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (CC-BY-NC 4.0) (