Valuation of Selected Indian Stocks using Discounted Cash Flow Techniques
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.
Volume (Year): 5 (2013)
Issue (Month): 4 (December)
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- Welch, Ivo, 2000.
"Views of Financial Economists on the Equity Premium and on Professional Controversies,"
The Journal of Business,
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