Problem Title:
To determine RELATIONSHIP OF NIFTY and Gillete India
Author – Gaureesh Badhwar (80012100837)
INTRODUCTION OF COMPANY
Gillette is an American brand of safety razors and other personal care products including shaving supplies, owned by the multi-national corporation Procter & Gamble (P&G). Based in Boston, Massachusetts, United States, it was owned by The Gillette Company, a supplier of products under various brands until that company merged into P&G in 2005. The Gillette Company was founded by King C. Gillette in 1901 as a safety razor manufacturer. Under the leadership of Colman M. Mockler Jr. as CEO from 1975 to 1991, the company was the target of multiple takeover attempts, from Ronald Perelman and Coniston Partners.In January 2005, Procter & Gamble announced plans to merge with the Gillette Company.
OBJECTIVE
To calculate beta of company and find its significance
Data Collection:
Data was collected from the NSE Website which comprises of historic data for the past 1 year. The Friday of each week of the year was taken into consideration. The resultant was calculated and regression was performed on the data.
Data Analysis:
We know Y= a +bx1
Where b is the beta value.
H0 – Null Hypothesis
H1 – Alternate Hypothesis
If the beta coefficient is significant, the interpretation is that for every 1-unit increase in the predictor variable, the outcome variable will increase by the beta coefficient value.
Observations:
It was found that R Square is 95%, the regression Equation was found to be
Y= 0.37626 + 0.957X
Here Beta value is 0.957