Main Article Content
Abstract
Socially accountable investments has gain more significance among market participants globally, particularly India too has associated itself with the global trend, becoming more sensitive towards the environmental aspect of doing green business. Investors in developed markets are more conscious about investments in stocks which not only create value for shareholders but also able to manage risk exposure associated with climate change over the long term. The purpose of this paper is to unveil the volatility performance of stocks of BSE Greenex Index which is composed of 25 environmental sensitive companies. The analysis is carried out for sample period of March 2012-March 2019 using monthly stock returns series.To analyze the data, statistical tools, viz, one way ANOVA were tested.The results unveil the performance of stocks of BSE-GREENEX Index and shows that stocks of greenex index are majority weak positively correlated with the BSE SENSEX. However, the impact is found to be statistically significant. Further from the results of F-statistics states that, 85% of the stocks of BSE Greenex Index have no significant difference on the stock returns and indicate no variations the returns for all the days in the month.