Unsystematic Risk Analysis with special reference to Maharatna, Navratna and Miniratna CPSEs companies in India: An observational study on Business Risk and Financial Risk

In today´s dynamic business situation, the management of risk becomes very complicated. Making right and appropriate strategies to manage risk in accomplishing the wealth maximization objective of the corporate is utmost important. In the post liberalization era the drastic changes have been taken place in the policies concerning business of corporate which gives the paradigm shift to manage the business and financial risk. The present research study has been focusing on the analysis of the business and financial risk of the selected Maharatna, Navratna and Miniratna CPSEs companies of India; during the period of financial year 2008-2012. The purpose of this paper is to have an empirical examination regarding business and financial risk because of the changing environment of Indian economy. Successful supervision of risks and their forecast ought to help in lessen failures and losses. In that aspect, this paper focuses on Unsystematic Risk Analysis perspectives on India´s selected Maharatna, Navratna and Miniratna CPSEs companies for the period 2008-2012.