Author :-
Aaliya Shaikh
Introduction :-
• Adani Ports and Special Economic Zone Ltd provides degrading and reclamation solution, primarily for port and harbour construction.
• Adani Group started investing in development and degrading fleet in 2005.
• As of 2018, Adani Ports and Special Economic Zone Ltd operated a fleet of 19 dredgers, the largest capital dredging fleet in India.
Objectives :-
Calculation of Beta of Adani Ports and Special Economic Zone Ltd and Significance
Literature Review :-
Literature Review as on 2016
Date Buy Sell Profit/Gain ROC RSI
12th February 178.05 Buy 24.94
31st March 247.7 69.65 Sell 68.86
19th May 171.55 Buy 13.48
18th August 275.45 103.9 Sell 72
17th October 250.75 Buy 34.53
30th October 305.3 54.55 Sell 71.79
30th October 255.7 Buy 22.16
9 th December 285.65 29.95 Sell 67.1
The scrip price commenced with buying trend from beginning of the year. The buying points for investors were at Rs 178.05 i.e RSI at 24.94 on February ,Rs 171.55 on May where the oversold condition ceases to end at RSI 13.48. There has been a continuous selling trend on August where ROC reached to 1.15 and RSI hovered around 70 and the price hiked to 275.45. The buying points on October and November at 250.75 and 255.7 indicating strong buying position at RSI 34.53 and 22.1 respectively.
Data Collection :-
Data was collected from NSE officical website. The Data was manipulated by the Final-Closing Price
Author :-
Aaliya Shaikh
Introduction :-
• Adani Ports and Special Economic Zone Ltd provides degrading and reclamation solution, primarily for port and harbour construction.
• Adani Group started investing in development and degrading fleet in 2005.
• As of 2018, Adani Ports and Special Economic Zone Ltd operated a fleet of 19 dredgers, the largest capital dredging fleet in India.
Objectives :-
Calculation of Beta of Adani Ports and Special Economic Zone Ltd and Significance
Literature Review :-
Literature Review as on 2016
Date Buy Sell Profit/
Gain ROC RSI
12th February 178.05 Buy 24.94
31st March 247.7 69.65 Sell 68.86
19th May 171.55 Buy 13.48
18th August 275.45 103.9 Sell 72
17th October 250.75 Buy 34.53
30th October 305.3 54.55 Sell 71.79
30th October 255.7 Buy 22.16
9 th December 285.65 29.95 Sell 67.1
The scrip price commenced with buying trend from beginning of the year. The buying points for investors were at Rs 178.05 i.e RSI at 24.94 on February ,Rs 171.55 on May where the oversold condition ceases to end at RSI 13.48. There has been a continuous selling trend on August where ROC reached to 1.15 and RSI hovered around 70 and the price hiked to 275.45. The buying points on October and November at 250.75 and 255.7 indicating strong buying position at RSI 34.53 and 22.1 respectively.
Data Collection :-
Data was collected from NSE officical website. The Data was manipulated by the Final-Closing Price
Author :-
Aaliya Shaikh
Introduction :-
• Adani Ports and Special Economic Zone Ltd provides degrading and reclamation solution, primarily for port and harbour construction.
• Adani Group started investing in development and degrading fleet in 2005.
• As of 2018, Adani Ports and Special Economic Zone Ltd operated a fleet of 19 dredgers, the largest capital dredging fleet in India.
Objectives :-
Calculation of Beta of Adani Ports and Special Economic Zone Ltd and Significance
Literature Review :-
Literature Review as on 2016
Date Buy Sell Profit/
Gain ROC RSI
12th February 178.05 Buy 24.94
31st March 247.7 69.65 Sell 68.86
19th May 171.55 Buy 13.48
18th August 275.45 103.9 Sell 72
17th October 250.75 Buy 34.53
30th October 305.3 54.55 Sell 71.79
30th October 255.7 Buy 22.16
9 th December 285.65 29.95 Sell 67.1
The scrip price commenced with buying trend from beginning of the year. The buying points for investors were at Rs 178.05 i.e RSI at 24.94 on February ,Rs 171.55 on May where the oversold condition ceases to end at RSI 13.48. There has been a continuous selling trend on August where ROC reached to 1.15 and RSI hovered around 70 and the price hiked to 275.45. The buying points on October and November at 250.75 and 255.7 indicating strong buying position at RSI 34.53 and 22.1 respectively.
Data Collection :-
Data was collected from NSE officical website. The Data was manipulated by the Final-Closing Price
Data Analysis :-
Y^ (Estimated Value)= – 142.43 – 0.047 X
N = 51
R2 (R square)= 14 %
F = 8.091
t-stat = 0.4961
Significance = .0064
Result :-
The above Equation shows the Relationship between Y and X. If X rises Y also rises or vice versa. Although the level of increase in Y is not as significant as X. In this equation B = 0.047. If X (Nifty) rises 1 unit Price of APSEZ will also increase by .047 units. Significant value is 5% statistically. R2 is 14%, which means 14% of Y is explained by X. If Beta is more than one, Stock is good for short term investment. If Beta is less then one, stock is good for long term investment
Reference :-
Rinu Jayaprakash (Oct 2017), An Analysis of the performance of Nifty Infrastructure Index Stocks : Researcher world- Journal of Arts Commerce and Science, October 2017.