A Comparative Study on Industry Wise Stock Performance of companies Listed in New York Stock Exchange and National Stock Exchange

This study is carried out for investigating the industry wise stock performance through proportional Debt Equity Ratio, Dividend Payout Ratio and Free Cash Flow to Equity. There is significant relationship between industry wise firm's market price and proportional Debt Equity Ratio, Dividend Payout Ratio and Free Cash Flow to Equity. These three factors explain what proportions of debt and equity, at what proportion dividend to be paid out and what level Free Cash Flow to Equity to be maintained to finance the firm's assets. By adjusting these ratios, firm can influence their stock performance. The prime objective of this study is to determine the industry wise stock performance of companies listed in New York Stock Exchange and National Stock Exchange. Also, to discriminate important factors of companies listed in New York Stock Exchange and National Stock Exchange with respect to their value (market price) and firm's Debt Equity Ratio, Dividend Payout Ratio and Free Cash Flow to Equity. Sampling Method of this study is non-probability convenience sampling method and sample size i.e. 5 listed companies (highest market capitalization) from New York Stock Exchange and 5 listed companies (highest market capitalization) from National Stock Exchange of the year 2011 to 2020. Excel and SPSS are used for analyzing the data. Multiple correlation and linear regression techniques are used in this paper. This paper is explaining valuation method appropriate with respect to firm's Debt Equity Ratio, Dividend Payout Ratio and Free Cash Flow to Equity or either new concept is required for estimation of market price. Researchers are trying to find out the concept behind stability and predictability of the market price of the firm.