Table 3

Descriptive statistics

Stock returnsPATEPSROAROEROIEVA
Part1:descriptive statistics
Mean46.01201.3014.233.862.535.18283.97
SD167.131145.3362.9110.899.0224.121529.0
Minimum−100.00−11906.23−400.93−236.84−38.00−875.50−10101.56
Maximum11632.8233612.003936.6366.91583.47174.0538172.60
Part2:correlation matrix
PAT0.370**1     
EPS0.488**0.595**1    
ROA0.291**0.456**0.346**1   
ROE0.472**0.582**0.386**0.567**1  
ROI0.290**0.457**0.635**0.470**0.559**1 
EVA0.372**0.381**0.460**0.242**0.512**0.243**1
Stock returns10.370**0.488**0.291**0.472**0.290**0.372**

Note(s): In descriptive statistics, PAT and EVA numerals are in Rs (INR) crore; EPS numeral is in Rs (INR) per share; ROA, ROE, ROI and stock returns are in percentages. PAT: profit after tax; EPS: earnings per share; ROA: return on assets; ROE: return on equity and ROI: return on investment**. Correlation is significant at the 0.01 level (two-tailed)

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