Title: Relationship of S Chand and Company Limited with Nifty Fifty and to calculate beta.
Author – Swati Sinha
Introduction –S Chand and Company Limited, founded in 1939, is a key player in the Indian education sector. Specializing in educational content and services, the company is renowned for its innovative textbooks, digital resources, and integrated learning solutions, contributing significantly to the evolving educational landscape in India.
Objectives – To calculate Beta of S Chand and Company limited to see its significance.
Literature Review –
- S Chand and Company Limited is a well-established education content and services company based in India. It has a legacy dating back to 1939, making it one of the oldest and most recognized players in the Indian education sector. The company is known for its diverse range of educational products, including textbooks, digital content, and integrated learning solutions catering to various educational levels.
- S Chand adapts to education tech trends, integrating digital content to meet the global shift towards e-learning. Diversification beyond textbooks boosts resilience to market changes. Stock performance hinges on financial health, market presence, and responsiveness to industry trends. Competitive positioning is vital—observing how S Chand aligns with trends, responds to curriculum changes, and captures new markets impacts long-term growth and stock valuation.
Data Collection – The data for Nifty fifty and Equity of S Chand has been downloaded from and finance.yahoo.com from 1st November, 2022 to 31st October, 2023. Data was manipulated to calculate the Friday closing price.
Data Analysis
| S Chand share =0.962 + 0.00757 Nifty |
| n= 49, Rsquare =0.000273, F = 0.01313 |
| The above equation shows the relationship of S Chand and Company Limited with Nifty |
| If Nifty rises by 1 unit, S Chand will rise by 0.00757 unit |
| t-stat for b is 0.1145 and the p value is 0.9092 which is more than 0.05, so b is equal to 0 , meaning
Nifty does impacts S Chand & Co. |
| Rsquare value is 0.00027,means that approximately 0.027% of the variability in S Chand’s
share price is explained by the movement in Nifty meaning 99.973%% depends upon other things like fundamentals |
| F = 0.013132, and p value is more than 0.05, so the overall model is not statistically significant
in explaining the variation in the dependent variable. |
| Conclusions |
| As Beta is (0.00757) is less than 1, so good for long term investments
References https://www.moneycontrol.com/india/stockpricequote/printingstationery/schandcompanylimited/CCL
https://finance.yahoo.com/quote/SCHAND.NS?p=SCHAND.NS&.tsrc=fin-srch
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