Title: – Relationship of Kajaria ceramics with Nifty 50
Author: – Kedarnath Punjarma Gajewar Division “A” Roll No. 14
Kohinoor Business School, Kurla.
Introduction: – Kajariya Ceramic stands as a prominent name in the realm of ceramic craftsmanship, renowned for its exquisite and meticulously crafted ceramic creations. With a legacy rooted in traditional artistry combined with modern innovation, Kajariya Ceramic has consistently pushed the boundaries of creativity and design. Through a seamless blend of intricate detailing, vibrant colors, and masterful techniques, the brand has established itself as a trailblazer in the ceramic industry. From ornate pottery pieces that pay homage to cultural heritage to contemporary ceramic installations that redefine spatial aesthetics, Kajariya Ceramic’s diverse portfolio showcases a commitment to preserving the art of ceramics while embracing the evolution of design trends.
Objective: – To Calculate Beta for kajaria ceramics Ltd. and find out its significance.
Views and Reviews: –
Rajesh Gupta, CEO of Kajaria Ceramics, shared his insights on the latest collection, stating, “We take immense pride in unveiling our newest ceramic masterpiece to connoisseurs of fine living. The Fusion Elegance Collection represents a harmonious blend of timeless design and modern aesthetics. Our team has poured meticulous attention into every piece, ensuring that they reflect the epitome of sophistication and artistry. This collection not only adds to the allure of living spaces but also redefines how we perceive interior elegance. We are excited to present this collection and enable our customers to immerse themselves in the world of exquisite ceramic craftsmanship.” (Business Today, 2023)
Data Collections: – Data is taken from 01-06-2022 to 31-07-2023. It has been downloaded from the NSE site, then Friday’s closing price was sorted and weekly returns of Nifty (i.e. X) and Kajaria ceremics (i.e. Y) were calculated.
Data Analysis: – Equation “Y=1.0008-0.9179(X)”
(tstat = 2.5422)
n = 50, R2 = 0.1187, F = 6.4629
The above equation shows the relationship between the closing price of Nifty 50 (x) and the closing price of Kajaria ceramics (Y) the negative sign means a negative relationship meaning if “x” rises “y” falls and vice versa. If “x” rises by 1 unit, “y” falls by 0.9179, “n” means there are 50 observations, and figures in brackets are tstat for “b”, so “b” is not as Calculated tstat for b i.e. 2.5422 is higher than tabulated t(t0.5,49DF=1.677) so reject H0 and accept H1. R2 is 0.1187 means 11.87% of y is explained by x. As the calculated value of F =6.4629 is more than the tabulated F (F 0.05,1DF,49DF) = 4.038, the overall model is statistically significant at the 5% level.
So overall the model is statistically significant at the 5% level.
Conclusion:
If b<1, Kajaria ceramics share is good for long term investment.
