Subject Name: Business Ethics & Corporate Governance (BE&CG)

Assignment 1
Topic:

EFFECT OF CORPORATE GOVERNANCE ON STOCK PRICE: AN

EMPIRICAL STUDY OF INDIAN STOCK MARKET (2015- 2020)
Table 1: List of Selected Companies:

Sr.
Company Name Issue Issue Date
No.
1 Café Coffee Day Loan default 24/07/2019

2 Bhushan Steel Loan default 28/03/2019

Fraud and money

3 Punjab National Bank 29/01/2018
laundering

Punjab and Allegedly created fictitious

Maharashtra accounts to hide amount of September
4
Cooperative (PMC) loans extended to the 2019
Bank almost-bankrupt HDIL

Alleged misappropriation of
Indiabulls Housing public money which was
5 10/06/2019
Finance siphoned off for their
personal use

6 Sintex Industries Ltd. Loan default 30/09/2020

Alleged creation of falsified

accounts include

7 Cox & Kings the creation of fake email id 30/06/2019

of the UK auditor
to fraudulently prepare
accounts

Housing Development
September
8 and Infrastructure Ltd. Loan default with PMC bank
2019
(HDIL)

Dewan Housing
9 Finance Corporation Money siphon 29/01/2019
Ltd. (DHFL)

10 Yes Bank Money laundering 07/03/2019

Table 2: Financial Performance of Stock Price after CG Issue:

Stock
Sr. Last Change
Company Name Date of Price on
No Stock in Stock
& Stock Name CG Issue CG Issue
. Price Price
Date
Café Coffee Day
1 24/07/2019 242.85 25.58 - 217.27
(COFFEE DAY)

Bhushan Steel
2 (TATA STEEL BSL 28/03/2019 45.80 36.10 - 9.7
LTD)

Punjab National
3 29/01/2018 173.95 40.85 - 133.1
Bank (PNB)

Punjab and
Maharashtra September
4 0.34 1.32 + 0.98
Cooperative (PMC) 2019
Bank (534060)

Indiabulls Housing
5 Finance 10/06/2019 733.35 218.75 - 514.6
(IBULHSGFIN)

Sintex Industries
6 30/09/2020 2.10 3.75 + 1.65
Ltd. (SINTEX)

Cox & Kings

7 30/06/2019 35 1.40 - 33.60
(COX&KINGS)

Housing
Development and September
8 6 5.30 - 0.70
Infrastructure Ltd. 2019
(HDIL)

Dewan Housing
Finance
9 29/01/2019 905 322.83 - 582.17
Corporation Ltd.
(DHFL) (935802)

Yes Bank
10 07/03/2019 231.70 15.75 - 215.95
(YESBANK)
Chart of Stock Price Before and After CG Issue:
1. Café Coffee Day

Chart of Stock Price Before CG Issue (01/01/2015 to 23/07/2019):

Chart of Stock Price After CG Issue (24/07/2019):

2. Bhushan Steel
 Chart of Stock Price Before CG Issue (01/01/2019 to 27/03/2019):

Chart of Stock Price After CG Issue (28/03/2019):

3. Punjab National Bank

 Chart of Stock Price Before CG Issue (01/01/2015 to 28/01/2018):

Chart of Stock Price After CG Issue (29/01/2018):

4. Punjab and Maharashtra Cooperative (PMC) Bank

Chart of Stock Price Before CG Issue (01/01/2015 to September 2019):

Chart of Stock Price After CG Issue (September 2019):

5. Indiabulls Housing Finance

Chart of Stock Price Before CG Issue (01/01/2015 to 09/06/2019):

Chart of Stock Price After CG Issue (10/06/2019):

6. Sintex Industries Ltd.

Chart of Stock Price Before CG Issue (01/01/2015 to 29/09/2020):

Chart of Stock Price After CG Issue (30/09/2020):

7. Cox & Kings

Chart of Stock Price Before CG Issue (01/01/2015 to 29/06/2019):

Chart of Stock Price After CG Issue (30/06/2019):

8. Housing Development and Infrastructure Ltd. (HDIL)

Chart of Stock Price Before CG Issue (01/01/2015 to September 2019):

Chart of Stock Price After CG Issue (September 2019):

9. Dewan Housing Finance Corporation Ltd. (DHFL)

Chart of Stock Price Before CG Issue (01/01/2015 to 28/01/2018):

Chart of Stock Price After CG Issue (29/01/2019):

10. Yes Bank

Chart of Stock Price Before CG Issue (01/01/2015 to 06/03/2019):

Chart of Stock Price After CG Issue (07/03/2019):