• Dr. Kinjal Dhamecha

The primary aim of this study is to analyses how quarterly earnings announcements affect share volumes. It analyzes 120 quarters of earnings announcements from six selected technology companies listed on the Bombay Stock Exchange (BSE) in India over a five-year period. The research utilizes a paired t-test to assess the impact of these announcements. The results reveal that there is a positive influence on share volumes in only 15 out of the 120 quarters analyzed. Conversely, there is a negative impact on share volumes in 11 quarters, suggesting a decline following the earnings announcements. In the remaining 94 quarters, no significant change in share volumes was observed. The study concludes that quarterly earnings announcements have limited positive and negative effects on the share volumes of the selected companies. Additionally, it highlights that various other factors—such as changes in corporate leadership, dividend announcements, industry trends, overall company performance, market sentiment, mergers and acquisitions, bonus shares, geopolitical events, natural disasters, and economic conditions—also play a role in influencing share volumes.

Share volumes, Quarterly Earnings Announcements, Paired Sample t-test, Bombay Stock Exchange

"Evaluating interrelationship between earnings announcements and share volumes of selected companies ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.12, Issue 1, page no.258-268, January-2025, Available :http://www.jetir.org/papers/JETIRGS06030.pdf

"Evaluating interrelationship between earnings announcements and share volumes of selected companies ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.12, Issue 1, page no. pp258-268, January-2025, Available at : http://www.jetir.org/papers/JETIRGS06030.pdf