Topic Name: Relationship of GANESH HOUSING CORPLTD. with NIFTY.
Author: Ganesh Ramdas More,, Roll No. :98
Introduction:Ganesh Housing Corporation Limited is a prominent real estate company headquartered in India. Established with a commitment to excellence and innovation, it has played a significant role in shaping the real estate landscape of the country. Over the years, the company has earned a stellar reputation for delivering high-quality residential and commercial properties, setting new standards in design and construction. With a strong focus on customer satisfaction and sustainability, Ganesh Housing Corp Ltd continues to be a trusted name in the real estate industry, known for its integrity and dedication to creating exceptional living and working spaces. GANESH HOUSING CORP LTD is listed on both NSE and BSE (GANESH HOUSING CORP LTD).
Objective: To calculate beta of GANESH HOUSING CORP LTD. and find out its significance.
Views & reviews: Rajesh Gupta, Managing Director of Ganesh Housing Corporation Ltd, is devoted to transforming living spaces. My home buying experience reflects their unwavering dedication – seamless, delightful, and satisfying. For exceptional, personalized residential solutions, Ganesh Housing Corporation Ltd is the ultimate choice.
Data Analysis: Equation “Y=-0.4310-0.5625(X)”
(tstat= -1.0317)
n = 45, R2 = 0.02415, F = 1.0644
The above equation shows the relationship between the closing price of Nifty 50 (x) and the closing price of GANESH HOUSING CORP LTDLTD. (y) the Positive sign means a negative relationship meaning if “x” rises “y” rises and vice versa. If “x” rises by 1 unit, “y” rises by. “n” means there are 45 observations. The t-stat for b is-0.4846 , which means b is statistically significant at 5% level.R2 is 0.0241 means 0.2415% of y is explained by x, balance 40.15% is error due to the variables which are not in model. As the calculated value of F =1.0644 ismore than the tabulated F(F 0.05,1DF,48DF)=0.4206, the overall model is statistically significant at the 5% level.
So overall the model is statistically significant at the 5% level.
Conclusion:
As Beta is -0.5625which is less than 1, the share is good for long term.
Reference: https://ganeshhousing.com/shekhar-g-patel
https://alphastreet.com/india/ganesh-housing-corporation-ltd-ganeshhouc-q3-fy23-earnings-concall-transcript/