TY  - JOUR
T1  - Stock Valuation of Select Companies using Residual Income Method
AU - Nalini, G.S. AU - Paldon, Trinley 
JO  - International Business Management
VL  - 13
IS  - 10
SP  - 495
EP  - 504
PY  - 2019
DA  - 2001/08/19
SN  - 1993-5250
DO  - ibm.2019.495.504
UR  - https://makhillpublications.co/view-article.php?doi=ibm.2019.495.504
KW  - residual income
KW  -Fundamental analysis
KW  -technical analysis
KW  -market price
KW  -HDFC
AB  - This study is carried out in order to examine
the intrinsic value of the selected companies namely
HDFC, Aditya Birla Capital Ltd., India Infoline Ltd.,
Mahindra and Mahindra Finance, Bajaj Finance, India
Cements Capital Ltd. and LIC Housing Finance Ltd. and
to find out if their stocks are appropriately valued. The
study period is based from the year 2004-2018 on which
residual income valuation method has been applied. It
is found that Housing Development Finance Corporation
Limited (HDFC Limited), Aditya Birla Capital Limited,
LIC Housing Finance Limited, Mahindra and Mahindra
Finance Limited, Bajaj Finance Limited and India Infoline
Limited’s stock is overvalued, so, investing in the above
mentioned companies stocks are not recommended
whereas India Cements Capital Limited’s stock is
undervalued comparing to its market price, so, investing
in this stock is recommended.
ER  -