Abstract
D.Com.
Valuation is an intricate and complex problem. There are
many approaches and models pertaining to this problem.
The result of all these approaches is that investors are
still confused because they are not fully, acquinted with
the problems and strengths of the different approaches
and models. It is therefore important to try to soIve
this problem.
The object of the study is to examine all the different
approaches, especially the Capital Asset Pricing Model
which has undergone extensive development. The literature
is thoroughly discussed and various theoretical models
which can be used in the valuation process are evaluated
critically. The models which are discussed range from the
traditional models to the more modern models of
valuation. By using the information of 60 shares, the
different approaches are empirically tested and practical
problems are discussed.