116 p.Equity valuation is one of the major branches of study in the field of modern finance. We have learnt various equity valuation models during our course of study. In the academic perspective, these models are very useful in obtaining a theoretical value fro the share price of a firm. However, to a large extent, all companies are in fact operating in a dynamic environment. In many cases, the trading prices of the shares deviate from their theoretical values.BUSINES
