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Table 2 ADF test result

From: Forecasting risk using auto regressive integrated moving average approach: an evidence from S&P BSE Sensex

Companies

T - Stats

Adani Ports & SEZ

−8.89914

Asian Paints

−7.73641

Axis Bank

−5.83681

BhartiAirtel

−8.06226

Cipla

−6.63636

Coal India

−4.7765

Dr. Reddy’s Laboratories

− 8.09778

HDFC Bank

−12.0394

Hero MotoCorp

−5.88376

Hindustan Unilever

−5.19454

Housing Development Finance Corporation

−6.72789

ICICI Bank

−9.00227

Infosys

−9.01065

ITC

−6.04998

Kotak Mahindra Bank

−7.82484

Larsen & Toubro

−6.70005

Lupin

−9.07992

Mahindra & Mahindra

−5.79195

Maruti Suzuki

−6.08925

NTPC

−8.75293

Oil and Natural Gas Corporation

−6.41211

Power Grid Corporation of India

−6.77208

Reliance Industries

−6.04827

State Bank of India

−6.96081

Sun Pharmaceutical

−7.34285

Tata Consultancy Services

−9.43277

Tata Motors

−6.33196

Tata Motors DVR

−8.21388

Tata Steel

−8.57442

Wipro

−8.71443

  1. Source: Compiled by authors