INVESTOR ATTENTION & STOCK OF BHARTI AIRTEL LIMITED: NEW EVIDENCE FROM TECHNICAL ANALYSIS

Abstract

Using various technical analysis tools, this paper documents the relationship between investor attention and stock of Bharti Airtel Limited i.e returns, volatility and trading volume. Trading volume is considered as a proxy of investor attention.  In order to calculate the relation between Stock Returns and value, the mean value of returns, the standard deviation, skewness and kurtosis are used. Bharti Airtel being the top company subscriber base wise and revenue base wise the share prices from 2014 to 2019 are considered for the purpose of study. Based on the findings it is concluded that on daily as well as annual basis least volatility was evident for the stock of Bharti Airtel Ltd. The study results show that there was a significant variation in trading volume of the stock during the years 2014 to 2019.