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Original research

Effect of COVID-19 on it business and stock market

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During a pandemic, the most affected aspects are the business economy and other sectors and areas globally. This research analyses the IT sector's condition during COVID-19 by taking a sample of four companies, analyzing the stock market and financial records of the previous few months, and predicting future stock market value to see the stock market graph. Random function and MS excel used for prediction of future stock market and records of the previous financial year to conclude status of the company with graphs. After analyzing a four-sample company, a conclusion for the sector is provided. Research analysis found most companies are stable even though they are going through certain losses because of their existing assets, fluctuating financial records, and stock market graphs. Sample companies can easily recover losses and still showing a bullish graph successfully. Even though suffering a percentage of error with the actual stock market price, it successfully portrayed the IT industry scenario in this uncertain situation. However, the magnitude of the impact has never been precisely calculated. This thesis suggests a COVID-19 impact calculation model. Assets gains in the COVID-19 timeframe are weighted means of prior COVID-19 standard yields and COVID-19-induced returns in the proposed model. The COVID-19-generated gains are negatively auto-correlated and extremely unpredictable, and they substitute the prior COVID-19 standard gains. During the COVID-19 era, the COVID-19-generated gains are unique natural gains.


Aindreesha Barman, Apoorva Kulkarni. EFFECT OF COVID 19 ON IT BUSINESS AND STOCK MARKET. Cardiometry; Issue 25; December 2022; p.548-557; DOI: 10.18137/cardiometry.2022.25.548557; Available from:


COVID-19,  IT business,  Sample companies,  Random function,  Stock market,  Financial records
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