Title: Calculation Of Beta Of Punjab National Bank & significance
Nifty 50 related to PNB
Author:
PRITI AMAR BAHADUR YADAV
Introduction:
Punjab National Bank (PNB), India’s first Swadeshi Bank, commenced its operations on April 12, 1895 from Lahore, with an authorized capital of Rs. 2 Lakh and working capital of Rs. 20,000. The Bank was established by the spirit of nationalism and was the first bank purely managed by Indians with Indian Capital.
Objective:
Relationship Of PNB With NIFTY .
Literatures of review :
Shobha C. V and Navaneethan K the researchers make an attempt a comparative study of performance of selected public and private sector bank in Indian capital market. They took daily share price of five selected stocks both private sector and public sectors banks i.e. Axis bank, Canara bank, ICICI bank, PNB, SBI listed in NSE over a period of 3 years from 2010 to 2013. For the analysis of data, they took GARCH model which was developed by Tim Bollerslev. They concluded that overall, the performance of private sector banks is better than the public sector banks. In private sector Axis bank provides better returns.
Dr. S. Krishnappa and Mr.M. Vijayakumar Researchers aim is to find the standard devation and variance of the stocks. They took five selected banking stocks I .e. Axis bank, Canara bank, HDFC bank, ICICI bank and SBI bank over a period of 4 years for the analysis. They concluded that in canara bank stocks are more volatile than other selected stocks in the study, whereas in SBI bank stocks there is low volatility.
Data collection:
Data Collected From Yahoo Finance From The Date Of Opening 1st April 2022 &Closing 31st March 2023 Of PNB which is (Y) & NIFTY 50 which is (x).
Regressions of (X&Y).
Data analysis:
N=51
R2= 0.194349902
F = 11.82044812
Significance=0.001204369
PNB Returns = -21.03414867
Nifty return = -0.002164368
T stat for BETA =-3.438087859
Conclusion:
Above the equation shows the relationship between y and x negative sign which means there is inverse relation which means if x rises y falls and vice versa.
R2 is 0.194349902 which means 19.43% of Y is explained by X.
Similarly, F is 11.82044812 which also more than table value.
Reference:
1.Shobha C. V and Navaneeth K : RISK AND RETURN ANALYSIS OF SELECTED BANKING STOCKS IN INDIA. International Journal of Current Advanced Research ISSN: O: 2319-6475, ISSN: P: 2319-6505, Impact factor: SJIF: 5.995, Available Online at www.journalijcar.org Volume 6;.
Dr. S. Krishnappa and Mr.M. Vijayakumar: A Study on Risk and Return Analysis of Selected Stocks in India. International Journal of scientific research and management (IJSRM) ||Volume||3.
Reference( short):
Shobha C. V and Navaneeth K (2017) movements
.Dr. S. Krishnaprabha1, Mr.M.Vijayakumar(2015) Movement.