Does the Risks and Rewards of the Healthcare Companies Leads to Faith Based Investments? Evidence from Indian Stock Market

ABSTRACT

Increasing cases due to COVID-19 has not only obstructed health and day today lives of people, but also it has affected on economic development of India. Healthcare sector has grown as one of India's principal sectors, in generating revenue as well as in job creation. Healthcare sector in India is developing at a abrupt pace owing to its wide ranges of services in addition to products and increase in the expenditure by public as well as private players. Stock exchanges use to play a important role economic development of an nation. Stocks of various companies' use to trade in the security exchanges which includes predictable returns then also risk. The investors invest in the stock exchanges with an anticipated return in the future. The real returns of different stocks vary from anticipated return because of variability in the stock exchanges. As soon as the instability of the security exchanges oncrease the risk includes in the investment also goes up. So, investment in security exchanges involve high risk for investors. It necessitates to make proper planning and analyse the risk then return. Therefore, this research work is related to analyses the risk and returns of Sensex and major indices of Healthcare Companies. The risk as well as return has analyzed by considering the daily closing prices of sample indices. This research is based on secondary data. This has been collected from various website for a period of 10 years from 1st January 2012 to 31st December 2021. For attaining the objectives as well as test the hypothesis, various tools like correlation, descriptive statistics and t test have been used. Copyright © 2022 Wolters Kluwer Medknow Publications. All rights reserved.