Research Paper
1.September-October 2026, International Journal for Multidisciplinary Research (IJFMR) EISSN:
2582-2160, Post-Listing Performance of Initial Public Offerings: Evidence from IPOs
Listed Over the Last Three Years
2. October 2026, International Journal of Versatile Research and Analysis - (IJVRA)
“Determinants of IPO Success And Failure: A Comparative Statistical Analysis of Financial
Variability and Association Patterns”
3. October 2026, International Journal Advanced Research Publication, ISBN: 2456-9992
“Performance of Large-Cap and Flexi-Cap Schemes of Mutual Fund in India: A Comparative
Analysis (January 2021–December 2025)”
4. September 2026, International Journal of Scientific Research in Engineering and Management
(IJSREM) SJIF Rating: 8.659 ISSN: 2582-3930 DOI: 10.55041/IJSREM67399 “A Study on
Performance Evaluation of Selected Mid Cap Mutual Funds in India: An Analysis of Historic
Returns, Risk Ratios, and SIP Returns”
5. September 2026, International Journal of Advance Research, Ideas and Innovations in
Technology (ISSN: 2454-132X) Impact Factor: 6.078 “Financial Fundamentals and Stock
Market Performance: Evidence from BSE Top 50 Companies”
6. September 2026, International Journal of Scientific Research in Engineering and Management
(IJSREM) SJIF Rating: 8.659 ISSN: 2582-3930 DOI: 10.55041/IJSREM67399 “Sensex–Stock
Performance Relationship: Evidence from Indian Banking and IT Sectors”
Page 8 of 15
7. August, 2026, International Research Journal on Advanced Engineering and Management,
ISSN: 2584-2854 Volume: 04 Issue: 08 August 2026 “ Volatility Modelling of the BSE
SENSEX Using the ARCH Model: An Empirical Study of Select Large-Cap Constituent Stocks
(2021–2026)”
8. April 25, 2025, Annual International Conference, CPIM: “India's Path to Sustainability: Can
Green Swans Lead the Way?”
9. February 19-20, 2025, European Global Institute, Dubai: “Aligning ESG Principles with
Sustainable Finance in India: Challenges and Opportunities”
10. February 27-28, 2025, ICFTSEM II, International Research Journal on Advanced Engineering
and Management (IRJAEM), ISSN: 2584-2854: “AI-Driven Performance of Fintech:
Navigating Challenges and Unlocking Potential”
11. November 2023, MS University, ISBN: 0025-0422 (UGC-CARE List A): “A Perception of
Retail Investors Towards the Derivatives Market in Ahmedabad”
12. 2021, Kala Sarovar, ISSN: 0975-4500 (UGC-CARE List): “A Study on Investor Decision
Affected by Demographic Factors – Kutch Region”
13. 2021, Kala Sarovar, ISSN: 0975-4500 (UGC-CARE List): “A Study on the Effect of
Macroeconomic Indicators on the Stock Market in India”
14. 2021, Kala Sarovar (UGC-CARE List): “A Study on Portfolio Selection Using Min-Max
Approach – Sectors of BSE 100”
15. 2021, International Journal of Education, Modern Management, Applied Science & Social
Science (IJEMMASSS), ISSN: 2581-9925: “An Empirical Investigation of the Performance of
Gold and Crude Oil During a Pandemic: Black Scholes Model”
16. 2021, ISSN: 2581-9925: “An Empirical Investigation of the Performance of Currency
Derivatives During a Pandemic: Black Scholes Model”
17. May 2020, TSET – Scopus International Journal, ISSN: 0193-4120: “An Empirical Analysis of
Stock Behavior at the Event of an Offer for Sale – Evidence from Indian Capital Market”
18. April 26-27, 2019, 10th International Conference on Transformation of Business Economy and
Society in Digital Era: “Testing the Financial & Fundamental Performance: BSE 100”
19. February 9, 2019, 2nd International Conference on Managerial Strategies for Technological
Transformation in the 21st Century: “Mutual Fund: Validation of Performance Evaluation
Index”
20. May 21, 2017, ISBN: 978-81-934083-0-8, ICNFESMH-2017, NITTTR Chandigarh: “A Study
on Fundamental Analysis – Factors Affecting Selection of Security for Portfolio Construction
with Special Reference to the Automobile Industry”
21. Volume 7 (2017), Issue 2 (February), International Journal of Research in Computer
Application and Management, ISSN: 2231-1009: “Review Article on Modern Portfolio Theory:
Markowitz Model”
22. December 2016, pp. 347-353, Volume IV, Issue 1, International Journal of Research and
Scientific Foundation, ISSN: 2321-2705: “A Study on Diverse Parameters of Organizational
Culture and Its Impact on Employees' Performance”
Page 9 of 15
23. September 2016, Volume 1, Issue 5, ISSN: 2320-7620: “A Descriptive Research on Observing
Class Performance of Teachers”, Given Space: An International Refereed Multidisciplinary
Journal of Applied Research
24. September 2016, Volume 1, Issue 2, ISSN: 2321-7073: “The Role and Contribution of HR
Towards Organization Development”, Research Matrix: An International Journal
25. August 2016, Volume 2, Issue 1, International Journal of Advance Research in Computer
Science and Management Studies, ISSN: 2347-1778: “A Study on the Effect of Management
Education on Effectiveness of Managerial Competency”
26. July 2016, Volume 2, Issue 1, International Journal of Advance Research in Computer Science
and Management Studies, ISSN: 2347-1778: “Revamping Management Education”
27. July 2016, Volume 2, Issue 1, International Journal of Advance Research in Computer Science
and Management Studies, ISSN: 2347-1778: “Factors Affecting Buyers' Decision While
Purchasing Hatchback Cars”
28. January 2016, Issue 2, Research Hub: International Multidisciplinary Research Journal, ISSN:
2349-7637: “A Comparative Performance Evaluation of P/E Ratio: Selected Equity Schemes
of Mutual Funds”
29. January 6, 2016, RK University ICRE International Conference, ISBN: 978-93-5254-061-7: “A
Study on Research Articles on Hatchback Cars: Customer Perception and Buying Behaviour”
30. January 6, 2016, RK University ICRE International Conference, ISBN: 978-93-5254-061-7:
“Offer of Sale – Event Study” (Best Paper)
31. December 2015, ISSN: 2349-7637, Research Hub: International Multidisciplinary Research
Journal: “Portfolio Selection: Using Markowitz Model on Selected Sector Companies in India”
32. February 2015, Issue 2, Research Hub: International Multidisciplinary Research Journal, ISSN:
2349-7637: “BSE and Sectoral Indices: A Comparative Study”
33. November 2014, Volume II, Issue 11, Intercontinental Journal of Finance Research Review,
ISSN: 2321-0354: “A Comparative Analysis of Selective Companies: Using Capital Asset
Pricing Model”
34. September 2014, ISBN: 978-81-9237-874-9, “Role of Financial Industry in Accelerating
Economic Growth”: “An Empirical Analysis of Stock Behavior at the Event of an Offer for
Sale: Evidence from Indian Capital Market”
35. May 2014, Volume 2, Intercontinental Journal of Finance Research Review, ISSN: 2347-1654:
Case Published: “Sahara India – Indian Conglomerate Business”
36. January 2014, Volume 2, Issue 1, International Journal of Advance Research in Computer
Science and Management Studies, ISSN: 2347-1778: “Portfolio Selection Using Min-Max
Approach: Selected Banks in India: Markowitz Model”
37. January 2014, Volume 2, Issue 1, Intercontinental Journal of Finance Research Review, ISSN:
2347-1654: “An Empirical Investigation on Performance of Gold & Currency: Black Scholes
Model”
38. December 2013, Volume 1, Issue 7, International Journal of Advance Research in Computer
Science and Management Studies, ISSN: 2347-1778: “Upward Switches on BSE: An
Explanation for Anomalous Stock Price Behavior”
Page 10 of 15
39. November 2013, Volume 1, Issue 6, International Journal of Advance Research in Computer
Science and Management Studies, ISSN: 2347-1778: “Empirical Relationship among Various
Macro-Economic Variables on Indian Stock Market”
40. December 2012, Volume 2, Number 1, Global Journal of Finance and Economic Management,
ISSN: 2249-3158: “An Analytical Study on Volatility on Selected Commodities: Bullions,
Metals & Energy: Black Scholes Model”
41. November 2012, Volume 2, International Journal of Statistics and Analysis, ISSN: 2248-9959:
“Price and Volume Effect of Stock Split: Empirical Evidence from Indian Stock Market”
42. October 2012, Volume 5, Issue 4, Pacific Business International, ISSN: 0974-438X (Impact
Factor 6.56): “A Comparative Performance of Mutual Fund Schemes: SBI v/s HDFC”
43. September 2012, Volume 2, Issue 9, Article No. 7, pp. 1498-1506, International Journal of
Management Research and Review, ISSN: 2249-7196: “Testing the Financial Performance:
BSE 30”
44. January 2012, Volume 2, Number 1, ISSN: 2231-1769, Journal of Management Outlook: “BSE
and Sectors Indices: Comparative Study”
Book Chapters
1. “Mutual Fund in India”, Paradise Publication – Chapter Title: “The Study of Equity Diversified
Schemes of Mutual Funds in India” (2009)
2. “Advanced Materials for Recycled Products”, Apple Academic Press (Scopus, 2024) – Chapter
Title: “Advancements in Rubber Recycling Technologies: From Waste to Valuable Material”
(April 2025)
3. “Education for Sustainable Development as a Catalyst for Social Transformation: An
Evolutionary Perspective”, Apple Academic Press (Scopus, 2025) (July 2025)
4. Nova Science Publishers -New York Publisher house, Book name: Innovations & Sustainability
in Society 5.0, Chapter “The Government of India Initiative on the 2023 Budget in the Era of
Society 5.0
5. ISBN: 978-9349078963 Finance in the Age of Disruption Technology, Sustainability, Policy,
Human Behaviour, and the Next Generation from SDGs Perspective “Risk–return dynamics in
stock market indices: a statistical investigation (2017–2025)”
6. ISBN: 978-9349078963 Finance in the Age of Disruption Technology, Sustainability, Policy,
Human Behaviour, and the Next Generation from SDGs Perspective “Delayed Gratuity
Payment and Legal Entitlement A Critical Case Study of CT Parmar vs. KR Engineering
College”
7. ISBN: 978-9349078963 Finance in the Age of Disruption Technology, Sustainability, Policy,
Human Behaviour, and the Next Generation from SDGs Perspective “Digital Economy
Foundations and Institutional Roles in Promoting Financial and Social Inclusion Evidence from
Rural Vadodara”
Page 11 of 15
Book Published by Saurashtra University – MCOM External Material
1. Financial Management SEM II – Gujarati Language
2. Financial Management SEM II – English Language
3. Security Analysis & Portfolio Management – Gujrati Language
4. Security Analysis & Portfolio Management – English Language
Oral Conference Presentations
1. January 21-22, 2006, UGC-Sponsored National Level Conference, Department of Commerce
and Business Administration: “Merchant Banking as an Emerging Financial Service”
2. February 24, 2006, UGC-Sponsored National Level Conference: “Contemporary Issues in
Finance”
3. January 7, 2007 / April 1-2, 2006, National Seminar on Corporate Governance – Converting
Dream into Effective Reality: “SEBI & Corporate Governance”
4. Faculty of Commerce, MS University – Impact of Technology on Business: “Impact on Stock
Market Trading”
5. February 19, 2007, UGC-Sponsored National Conference, Commerce and Business
Administration: “SWOT Analysis of the BPO Industry”
6. March 26, 2007, AICTE-Approved National Level Workshop on Quality Improvement
Program on Management Education in India
7. April 14, 2007, Kutch Saurashtra Productivity Council Course: “Effective Public Speaking”
8. April 28-30, 2008, State Level Faculty Development Program, RK College of Business
Management
9. September 15 & 17, 2008, International Conference on Management Sciences and Arts:
“Online Stock Market Trading”
10. January 17, 2009, National Conference on Global Crisis and Its Impact on Indian Economy:
“Global Crisis on Indian Banking Industry”
11. December 5, 2009, Rajkot Management Association State Level Conference: “A Study on
Performance of Mutual Funds in India”
12. July 21, 2009, Confederation of Indian Industry Workshop: “Corporate Culture for SMEs”
13. September 18, 2009, Indian Institute of Management Ahmedabad: “Workshop on Research
Proposal and Report Writing”
14. January 23, 2010, Faculty Development Programme, Indian Accounting Association,
Saurashtra University: “Case Pedagogy in Management”
15. February 7, 2010, International Conference on New Dimensions in Management – Striving for
Business Excellence: “A Study on Equity Diversified Schemes of Mutual Funds”
16. March 18, 2010, National Conference on New Dimensions in Management, Indian Accounting
Association: “BSE and Indices: Comparative Study”
17. July 3, 2010, Confederation of Indian Industry Seminar on SME Finance and Innovation for
SME Competitiveness
Page 12 of 15
18. August 21, 2010, Gujarat Technological University FDP: “Security Analysis and Portfolio
Management”
19. February 12-13, 2011, International Seminar on Changing Paradigm of Accounting & Finance
in Global Perspective: “A Comparative Study on Performance of Fund Managers of Selected
Schemes of Mutual Funds”
20. February 27-28, 2011, UGC-Sponsored National Conference & Workshop on Leadership
Challenges: “A Comparative Study on Performance of Fund Managers on Selected Schemes of
Mutual Funds”
21. March 12, 2011, Ethno Quest 2011 – HR Summit: “Managing Employee Behaviour and
Attitude”
22. June 27, 2011, National Institute of Securities Markets – Mutual Fund Distributors Certification
Examination cleared
23. November 27, 2011, UGC-Sponsored National Conference on Management, Commerce,
Business and Economic Research: “BSE and Sectoral Indices: Comparative Research”
24. January 28, 2012, UGC-Sponsored National Conference on Recent Advances in Accounting
and Finance: “Testing the Financial Performance of BSE 30”
25. March 3, 2012, Gujarat University Financial Skills Council with Motilal Oswal Securities Ltd.,
Ahmedabad Management Association: Challenges in Equity and Debt Markets
26. April 14, 2012, Nirma University FDP: “Case Teaching Methodology”
27. April 26 & 28, 2012, Nirma University FDP: “Spreadsheet Applications in Financial
Management”
28. January 5-6, 2013, All India Accounting Conference and International Seminar on Accounting
Education and Research: “Testing Capital Asset Pricing Model: Factors Affecting Security
Return/Portfolio Return, SENSEX”
29. February 22-23, 2014, GTU and Marwadi Education Foundation International Conference on
Management of Globalization in Business: Emerging Perspectives
30. September 26-27, 2014, International Conference, Gujarat Technological University, Centre
for Financial Services: “An Empirical Analysis of Stock Behavior at the Event of Offer for
Sale: Evidence from Indian Capital Market”
31. September 26-27, 2014, International Conference, Gujarat Technological University, Centre
for Financial Services: “Event Study Methodology and Issues – A Review”
32. April 14, 2015, “A Comparative Analysis Using the CAPM Model”, Emerging Issues in
Management Innovation, Saurashtra University
33. March 1, 2014, UGC-Sponsored National Conference on Emerging Global Issues in
Management Innovations: “A Comparative Study: BSE SENSEX with Indices”
34. March 1, 2014, UGC-Sponsored National Conference on Emerging Global Issues in
Management Innovations: “Profitability Analysis of Selected Nationalised Banks in India”
35. January 5-6, 2016, RK University First International Conference on Research and
Entrepreneurship: “A Comparative Performance Evaluation of P/E Ratio: Selected Equity
Schemes of Mutual Funds”
36. March 26-30, 2016, RK University FDP: “Learning Experience Design”
Page 13 of 15
37. June 5 & 11, 2017, “Research Methodology and Data Analysis with SPSS”, Department of
Commerce and Business Administration, Saurashtra University, Rajkot
38. February 9, 2019, 2nd International Conference on Managerial Strategies for Technological
Transformation in the 21st Century: “Mutual Fund: Validation of Performance Evaluation
Index”
39. December 12-13, 2024, IIFC 2024 (IIM Jammu & CFA Institute): “Portfolio Risk Modeling on
Selected Companies Listed on BSE: Markowitz Model”
40. February 27-28, 2025, Department of Business Administration, St. Xavier's College of
Management & Technology: “AI-Driven Performance of Fintech: Navigating Challenges &
Unlocking Potential”
41. MERC 2025 (Submission ID: 0180-FIN): “Decoding the Influence of Behavioural Biases on
Investment Decisions” – selected for presentation
42. April 19-20, 2024, ESG Workshop
Faculty Development Programs Attended / Organized
1. January 22, 2019, “Emerging Issues in Capital Market in India”, Department of Business
Management, Saurashtra University, Rajkot (Keynote speaker: CEO & MD, BSE India)
2. March 8, 2019, CII 2nd Session on Nari Shakti, based on real-life experiences of a selected
woman leader
3. June 7-8, 2020, “Impact of COVID-19 on the Indian Economy”, Indian Accounting Association
4. July 11, 2020, FDP: “Derivatives – Options and Swaps”
5. July 22 & 28, 2020, FDP: “Emerging Technologies in Education & Research for College
Teachers & Research Scholars”
6. December 7-11, 2020, “Designing and Process of Writing Research Papers in High-Quality
Scopus-Indexed International Journals”, Sharda University
7. June 30, 2021, “NAAC-Related Quality Enhancement Techniques”, IQAC, VNSGU, Surat
8. July 5-11, 2021, “Transformation in Indian Education through New Education Policy –
Challenges and Opportunities”
9. March 27-31, “Teaching Pedagogy and Life Skill Management”, Hindusthan College of Arts
& Science, Coimbatore
10. August 21 & 27, 2023, 3rd Online Short-Term Course on Education Policy, UGC-HRDC,
Gujarat University
11. March 9, 2024, “Elementary Mathematics”, GSFC University
12. March 23, 2024, “Budgeting and Spreadsheets”, GSFC University
13. March 26, 2024, “Finance for Non-Finance Professionals”, GSFC University
14. April 1-2, 2024, “Research and Innovation”, GSFC University
15. September 10-13, 2024, “Building Competencies – Enhancing Teaching Skills and
Administrative Effectiveness”
16. September 6, 2024, “Indian Knowledge Systems (IKS)”, GSFC University
Page 14 of 15
17. June 23-27, 2025, 5-Day FDP: “Bridging the Gap between Academia and Industry”, School of
Management Studies and Liberal Arts
18. July 3-8, 2025, 5-Day FDP: “Data Analysis Using Python”, Department of Data Science,
School of Science, GSFC University
