Document Type : Original Research

Author

Department of Finance and Banking, Bangladesh University of Professionals, Dhaka, Bangladesh

Abstract

The purpose of this paper is to investigate and identify the main forces that may affect the stock prices of one of the emerging sectors, the information technology industry of Dhaka Stock Exchange. A total of 6 companies of IT industry have been picked for the study, for a quarterly dataset within a period of 2015 to 2022 for six factors, of which three belong to the fundamental factors named EPS, NAVPS and P/E ratio whereas other three belong to the technical factors termed GDP growth rate, Inflation rate and IRS. The investigation approach has been designed with ordinary least square regression, where multiple regression model analysis is made. The findings show that while fundamental factors have mentionable significance on the stock prices of IT sector, the technical factors are not found with noticeable significance. Thus, this research recommends both the existing and potential investors about the importance of fundamental analysis to take better understanding of this fast-growing industry of Dhaka Stock Exchange which is in its infancy.

Keywords

Main Subjects

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©2024 The Author(s). This is an open access article distributed under the terms of the Creative Commons Attribution (CC BY 4.0), which permits unrestricted use, distribution, and reproduction in any medium, as long as the original authors and source are cited. No permission is required from the authors or the publishers.

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