Analysis of Altman Z-Score of Nifty Bank Stocks

Abstract

Investments made on the stock market are susceptible to market risks, and it is possible to lose all of the money put up. Making wise investment choices is essential for a successful investor. For stock selection and investment, investors employ a variety of strategies. Using a technique that has been discovered to be effective, the Altman Z-score is a widely used measurement have practical predictive value for the probability of a company going out of business. This article attempts to evaluate the Bank Nifty firms' Altman Z-score. Based on the company's current financial statistics, the score seeks to forecast the likelihood that companies may default owing to financial difficulties.