Valuation of Selected Indian Stocks using Discounted Cash Flow Techniques

Shradhanjali Panda ()
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Shradhanjali Panda: "Dimitrie Cantemir" Christian University

Knowledge Horizons - Economics, 2013, vol. 5, issue 4, 36-42

Abstract: The present paper aims at using a valuation model based on Discounted Cash Flow Method. Quarterly intrinsic values for the year 2010 are calculated by this model. The calculated Intrinsic values are compared with the corresponding market values in order to know whether the model is capable enough to capture the market price or not. Welch’s t-test is conducted to check the significance level between the two values and robustness of the model. Selected “A” category companies are taken for the study and the time period of the study is from 1st January, 2001 to 31st December, 2010.

Keywords: Equity Free Cash Flow; Fundamental value; Market value; Discounted Cash Flow; Equity stock (search for similar items in EconPapers)
JEL-codes: D63 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:khe:journl:v:5:y:2013:i:4:p:36-42

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