Author: Akshay Pujari

Relationship of Nifty 50 Index with Apollo Tyre Limited Relationship of Nifty 50 Index with Apollo Tyre LimitedAuthor: Akshay pujari Introduction:Apollo Tyre Limited is a leading company in the Indian automotive industry, specializing in the manufacture of high-performance tyres. It is based in Goa, India and was established in 1978. The company is known for… Continue reading Relationship of Nifty 50 Index with Apollo Tyre Limited Author: Akshay pujari Introduction: Apollo Tyre Limited is a leading company in the Indian automotive industry, specializing in the manufacture of high-performance tyres. It is based in Goa, India and was established in 1978. The company is known for its wide range of tyre products, including ultra-high-performance tyres, durable all-weather tyres, and sports tyres. Apollo is also committed to employing state-of-the-art technology and sustainable manufacturing processes. The company’s products are used in a variety of vehicles, from motorcycles and cars to buses and trucks. Objective: To find Beta (β) of Apollo Tyre Limited and its significance Data Collection: Nifty 50 Index and Apollo Tyre Limited data was collected from nseindia.com website for the period of one year dating from 1st march 2023 to 28st february 2024. The historical data collected was manipulated using Microsoft Excel to get Friday closing prices of both, the index and the company. Weekly returns were based on the closing prices were calculated using Excel tools and with use of Regression analysis, weekly returns of Apollo Tyre Limited were regressed on weekly returns of Nifty 50 Index. Data Analysis: Equation of regression of weekly returns of Apollo Tyre Limited on weekly returns of Nifty 50 Index- Format of Regression equation is Y = α + β(X) weekly returns of Apollo Tyre Limited = -0.65063 – 0.67217 × weekly returns of Nifty 50 Index (-1.7699) Where, Number of Observations = 48, R Square =0.063757, F =3.132529, P-value = 0.083373 Interpretation- The above equation shows relationship between weekly returns of Apollo Tyre Limited Company and weekly returns of Nifty 50 Index. Negative sign means inverse relation, meaning if weekly returns of Nifty 50 Index rise then weekly returns of Apollo Tyre Limited Company falls and vice-versa. If weekly returns of Nifty 50 Index rise by 1-unit, weekly returns of Apollo Tyre Limited Company will fall by – 0.67217 unit and vice-versa. Figure in bracket shows t-stat for β, P-value for which is 0.083373, which is greater than 0.05 meaning β is not statistically significant at 5% significance level. Number of Observations are 48, R-square value is 0.063757 meaning approximately 6.37% of weekly returns of Apollo Tyre Limited are explained by weekly returns of Nifty 50 Index. Balance 93.62% (approximate) is error due to other variables which are not in the model. F is 0.404118, the P-value of which is 0.083373, which is greater than 0.05 meaning overall, the model is not statistically significant at 5% significance level. Conclusion: As β (- 0.67217) is less than 1, fundamentals of this stock are weak hence it is advised not to invest in Apollo Tyre Limited.

DIGITAL MARKETING AUTHOR: AKSHAY SHAMRAO PUJARI DIGITAL MARKETING FOR NPO: Yoon and Cheolho,(2024) stated that, we found that compatibility with the technological context seems to be the most important analyzed factor. This is consistent with previous studies on technology adoption in organizations . Moreover, this result expands previous findings to NPOs as a type of… Continue reading Digital Marketing