Author: – Shane Mathews
Introduction: Shoppers Stop is home to a multitude of leading international and national brands for apparels, fragrances, accessories, cosmetics, footwear, home décor and furnishings catering to the needs of the entire family. We aspire to provide our customers a memorable international shopping experience. We are one of the largest chain of department stores across India.

Objective: – To calculate the Beta and its Significance.

Data Collection: – Data for Equity & Nifty has been downloaded from NSE site for the period from 01st Jan,2022 to 31st Dec 2022.The data was edited and manipulated to get Friday closing price, weekly returns were found out of Nifty was considered as” X” and weekly report of equity were considered as “Y”.

Data Analysis: – Demand Y= 0.060 0.109 Niftyret X+ e
(t-sat= 0.705)
N=49, R^2= 0.010, F=0.498
t-sat of b is shown in bracket is (0.705).
The P-value for this is 0.483 which is more than 0.01 meaning ‘b’ is not statistically significant at 1% level.
N = 49
R^2 = 0.010 which means 17% of Y is explained by X and balanced 83% is unexplained i.e., error.
F= 0.498
P value for this is 0.483 which is more than 0.01 which means that overall model is not statistically significant at 1% level.
The above equation tells us about the relationship between Nifty and Equity returns. Negative (-) sign shows inverse relationship which means if market goes up share price goes up.

Conclusion: – As Beta is more than 1 it is good for investment, if Beta is less than 1 it is not good for investment if Nifty rises.

Report By: –
SHANE MATHEWS-021230022687 -OSCM Batch