Relationship of kirloskar industries ltd. With nifty
Author Name: komal ananda kangane (23)
Introduction: kirloskar industries Ltd is a prominent Indian conglomerate with a diverse range of business interests. Founded in 1888, the company has played a significant role in shaping india’s industrial landscape. It operates in sectors such as engineering, manufacturing, agriculture, and energy. Known for its engineering expertise, kirloskar industries has subsidiaries and affiliates that manufacture and supply a variety of products, including engines, pumps, valves, and compressors. The company’s commitment to innovation, quality and sustainability has solidfied its position as a trusted name in the indian business sphere.
Objective: To calculate beta of kirloskar indutries ltd and observe its significance.
Views & reviews: 1.company has been spending huge amounts aggregating to approximately rs.274 crore towards payment of professional and legal expenses.
2.atul kirloskar and rahul kirloskar collectively holding more than one tenth of the paid up share capital of the company.
Data collection: the data for the period from 1-7-2022 to 30-6-2023 has been downloaded from NSE. And weekly closing prices are found out. Then weekly returns of nifty and weekly returns of kirloskar industies ltd were calculated. Nifty returns were x and equity return taken as y. y was regressed on x.
Data analysis: n= 50, R^2=0.01485, F=0.7235. the equation shows the relationship between demand (y) and price (x)
Conclusion: here beta is more than 1 so it is good for short term investment.