Testing of Random Walk Hypothesis and Behaviour of Equity Share Prices in Indian Capital Market with Special Reference to Equity Issues, GDRs, and Mutual Funds

N. Subrahmanyam

Subrahmanyam has taken recent research in investment management and successfully applied its models to the Indian stock markets. This book serves as a comprehensive and authoritative reference in the capital market. It explains key concepts from an Indian perspective and focuses on applying theoretical ideas to real-world scenarios. It will be valuable to students, practical managers, individual and institutional investors, finance managers, bankers, investment consultants, and portfolio managers.

The book has three important objectives: (a) To give an overall perspective of equity investment to investors. (b) To provide a toolkit for analyzing equity investment opportunities. (c) To enable students to understand emerging trends in the capital market.

It offers deep insights into Indian capital markets and significantly enhances the practice and quantity of research.

Lead Author:

Dr. Subrahmanyam Neti is a professor at KL University Business School, Vijayawada. With a diverse background in industry, teaching, and research, his career spans over three decades. He is a life member of the Indian Society for Technical Education.

A postgraduate in management, Dr. Subrahmanyam completed his doctoral research in Finance (Capital Markets) at Acharya Nagarjuna University, Vijayawada. He also earned his master’s degree in Business Administration from the same university. Dr. Subrahmanyam has conducted several management development programs and faculty development programs focusing on application-oriented studies, research methodology, and multivariate analysis. He has published over 50 research papers in journals of national and international repute.

Dr. Subrahmanyam Neti has also served as a faculty member at NMIMS University, Mumbai, and the International Management Institute, New Delhi. He is a visiting professor at the Administrative Staff College of India, Hyderabad, and has participated in various national and international conferences at the Indian School of Business, Hyderabad. He is actively involved in teaching, research, and consultancy.

Editors:

P. Venkateswara Rao

Bala Murali Krishna

K. Phalguna Reddy

Bhavesh, Kalyan

Rishab Jain, Jyothica