AN EMPIRICAL STUDY ON INVESTMENT PERFORMANCE OF SELECT STOCKS: TESTING EFFICIENT MARKET HYPOTHESIS

In recent years, the study of the weak form of capital market efficiency has attracted academics, economists, and financial analysts, especially in the aftermath of the global financial meltdown. It is considered that more productive and better-functioning capital markets will give domestic economic growth greater impetus. This study is intended to assess the degree to which basic analysis can predict the abnormal returns caused by dividend announcements by several writers. In this regard, it is necessary to specify that the object of this survey is to validate. The semi-strong form of market efficiency utilizes information transmitted to the general public rather than to the general public. Our empirical survey was carried out in the light of our research hypotheses and the kinds of variables studied by looking for a potential association between the variables (a correlation matrix) and using linear regression analysis (OLS) to evaluate our research hypotheses. Using the SPSS program, our data analysis was carried out, and the figures were determined by Relation to the data on the balance sheet. Indian stock market performance of 13 years from 2007 to 2020. The misalignment between market prices and fundamental prices was found in a closer study. Securities values can either be attributed to investors' failure to understand and use securities correctly