@article{meher_comparative_2023,
	title = {Comparative investment decisions in emerging textile and {FinTech} industries in {India} using {GARCH} models with high-frequency data},
	volume = {74},
	issn = {12225347},
	url = {http://revistaindustriatextila.ro/images/2023/6/014%20BHARAT%20KUMAR%20MEHER%20INDUSTRIA%20TEXTILA%20no.6_2023.pdf},
	doi = {10.35530/IT.074.06.202311},
	abstract = {The domestic textiles and apparel industry stood at \$152 billion in 2021, growing at a CAGR of 12\% to reach \$225 billion
by 2025. The textiles and apparel industry in India has strengths across the entire value chain from fibre, yarn, and fabric
to apparel. On the other hand, many FinTech companies gained enough importance and attention during the
Demonetization and COVID-19 pandemic situation where most people are dependent and prefer cashless payments
and receipts over hard cash payments and receipts. Due to the growth of FinTech companies in India, consumer lending
FinTech companies in India make up 17\% of total FinTech enterprises. Many angel investors are coming forward to
invest in such FinTech companies as this industry has much potential to grow in future. As there is enough scope for
the expansion of FinTech companies in India, retail investors come forward to invest in the stocks of listed FinTech
companies. As retail investors always look forward to returns either in the form of dividends or appreciation of stock
prices, it is also necessary to analyse and model the stock price volatility of FinTech companies in India before investing.
Hence, this research study is an attempt to use high-frequency data i.e. 1-minute closing prices, to formulate suitable
GARCH (Generalised Autoregressive Conditional Heteroscedasticity) models for stock price volatility of listed textiles
and FinTech companies that could also capture the asymmetric volatility if it exists due to third phase of COVID-19
pandemic and Russia-Ukraine war. The results concluded that there is a presence of positive shocks which might be
due to the third wave of the COVID-19 pandemic that might have again shot the demand for financial products and
services of these FinTech companies namely Paytm and PolicyBazaar and there is no negative shock of Russia-Ukraine
war.},
	number = {06},
	urldate = {2023-12-30},
	journal = {Industria Textila},
	author = {Meher, Bharat Kumar and Puntambekar, G.L. and Birau, Ramona and Hawaldar, Iqbal Thonse and Spulbar, Cristi and Simion, Mircea Laurentiu},
	month = dec,
	year = {2023},
	pages = {741--752},
}