Equity research analysis on automobile sector of India
Abhishek PatilAbhishek.patil2025@sibmnagpur.edu.inSymbiosis Institute of Business ManagementNagpur CampusConstituent of Symbiosis International (Deemed) University, PuneNagpur, Maharashtra, 440008, IndiaView full profile → , *Palaniappan SellappanCorresponding authors.palaniappan@sibmnagpur.edu.inSymbiosis Institute of Business ManagementNagpur CampusConstituent of Symbiosis International (Deemed) University, PuneNagpur, Maharashtra, 440008, India0000-0002-2890-1412View full profile →
* Corresponding author · click or hover a name for details
- Received:
- 05 Feb 2025
- Published Online:
- 29 Nov 2025
- Article type:
- Research Article
- Language:
- EN
- Article no.:
- JIOS-2078
- Pages:
- 2545–2564
Abstract
Keywords
Subject Classifications
References
[1] S. Aluru, B. V. R. V. Tej, and M. Arkanath, “Identifying stock market bubbles and evaluation with momentum index and CCI,” Journal of Statistics and Management Systems, vol. 26, no. 5, pp. 1291–1301 (2023), doi: 10.47974/JSMS-1183.
[2] M. A. Hossen, M. M. Rahman, M. N. A. Nahid, R. Islam, S. K. Banshal, V. Gupta, and P. Dass, “Impact on GDP and the stock market during pandemics or epidemics of 21st century,” Journal of Interdisciplinary Mathematics, vol. 26, no. 5 (2023).
[3] R. Santran and R. Singh, “Understanding vehicle demand dynamics in Indian road transport: A qualitative framework,” Systems Research and Behavioral Science (2024), doi: 10.1002/sres.2998.
[4] Y. Nauhria, S. Pandey, and M. S. Kulkarni, “Competitive Priorities for Indian Car Manufacturing Industry (2011–2020) for Global Competitiveness,” Global Journal of Flexible Systems Management (2011), doi: 10.1007/BF03396603.
[5] A. Meena, S. Dhir, and S. Sushil, “An analysis of growth-accelerating factors for the Indian automotive industry using modified TISM,” International Journal of Productivity and Performance Management (2021), doi: 10.1108/IJPPM-01-2019-0047.
[6] S. Duvisac, “Reconstituting the Industrial Worker: Precarity in the Indian Auto Sector,” Critical Sociology (2019), doi: 10.1177/0896920518754341.
[7] S. Garg and S. Sushil, “Globalisation and its impact on performance: an empirical study on selected firms using multimethod approach,” Benchmarking (2024), doi: 10.1108/bij-08-2024-0639.
[8] S. K. Sharma and A. Bhat, “Supply chain risk management dimensions in Indian automobile industry: A cluster analysis approach,” Benchmarking: An International Journal (2014), doi: 10.1108/BIJ-02-2013-0023.
[9] M. Asadi, U. A. Sheikh, M. Balcilar, D. Roubaud, and H. R. Ghasemi, “Are there inextricable connections among automobile stocks, crude oil, steel, and the US dollar?,” Energy Economics (2023), doi: 10.1016/j.eneco.2023.107176.
[10] S. H. Penman, “Return to Fundamentals,” Journal of Accounting, Auditing & Finance (1992), doi: 10.1177/0148558X9200700403.
[11] X. Zhang, Y. Zhang, S. Wang, Y. Yao, B. Fang, and P. S. Yu, “Improving stock market prediction via heterogeneous information fusion,” Knowledge Based Systems (2017), doi: 10.1016/J.KNOSYS.2017.12.025.
[12] S. Usmani and J. A. Shamsi, “News sensitive stock market prediction: literature review and suggestions,” PeerJ Computer Science (2021), doi: 10.7717/PEERJ-CS.490.
[13] A. Picasso, S. Merello, Y. Ma, L. Oneto, and E. Cambria, “Technical analysis and sentiment embeddings for market trend prediction,” Expert Systems With Applications (2019), doi: 10.1016/J.ESWA.2019.06.014.
[14] M. J. S. de Souza, D. G. F. Ramos, M. G. Pena, V. A. Sobreiro, and H. Kimura, “Examination of the profitability of technical analysis based on moving average strategies in BRICS,” Financial Innovation (2018), doi: 10.1186/S40854-018-0087-Z.
[15] G. Meissner, A. Alex, and K. Nolte, “A Refined MACD Indicator – Evidence against the Random Walk Hypothesis?,” ABAC Journal (2001).
[16] Y. Gao, J. Wu, Z. Feng, G. Hu, Y. P. Chen, and W. He, “A new BRB model for technical analysis of the stock market,” Intelligent Systems with Applications (2023), doi: 10.1016/j.iswa.2023.200198.
[17] N. Kulshrestha and V. K. Srivastava, “Synthesizing Technical Analysis, Fundamental Analysis & Artificial Intelligence – An Applied Approach to Portfolio Optimisation & Performance Analysis of Stock Prices in India,” in International Conference on Computer Communications (2020). doi: 10.1109/ICRITO48877.2020.9197966.
[18] Y. Han, K. Yang, and G. Zhou, “A New Anomaly: The Cross-Sectional Profitability of Technical Analysis,” Journal of Financial and Quantitative Analysis (2013), doi: 10.1017/S0022109013000586.
[19] K.-H. Lee and G.-S. Jo, “Expert system for predicting stock market timing using a candlestick chart,” Expert Systems With Applications (1999), doi: 10.1016/S0957-4174(99)00011-1.
[20] Y. Lin, S. Liu, H. Yang, and H. Wu, “Stock Trend Prediction Using Candlestick Charting and Ensemble Machine Learning Techniques With a Novelty Feature Engineering Scheme,” IEEE Access (2021), doi: 10.1109/ACCESS.2021.3096825.
[21] D. Avramov, G. Kaplanski, and H. Levy, “Talking Numbers: Technical versus fundamental investment recommendations,” Journal of Banking and Finance (2018), doi: 10.1016/J.JBANKFIN.2018.05.005.
[22] W.-C. Hsiao and R.-S. Liou, “Integrating technical indicators, chip factors and stock news for enhanced stock price predictions: A multi-kernel approach,” Asia-Pacific Management Review (2023), doi: 10.1016/j.apmrv.2023.10.001.
