This study inspected the reaction of stock/share prices of Non-Banking Financial Companies (NBFC) listed on the Bombay Stock Exchange (BSE) to COVID-19 by means of an event study method. The research sample is the closing price of the Stock Prices of selected NBFC companies that are listed on BSE and during the 30-day time prior the COVID-19 happening, 1(one) day for the period of the COVID-19 happening (January 30, 2020) and 30 days later.Empirical results prove that unusual returns respond negatively to COVID-19, S&P BSE SENSEX INDEX volatility fluctuates widely during the COVID-19 event

Stock Price Volatility, NBFC, Returns, Risk Management, Event Study Method