TITLE: – RELATIONSHIP BETWEEN NIFTY AND JUBILIANT FOODWORKSLTD
AUTHOR: – Juhi Kumari
- INTRODUCTION
Jubilant Food Works Limited is an Indian company that operates in the food service industry. It is one of the largest food service companies in India and is known for its flagship brand, Domino’s Pizza.
Jubilant Food Works holds the master franchise rights for Domino’s Pizza in India, Nepal, Sri Lanka, and Bangladesh. The company has played a significant role in popularizing pizza consumption in the Indian market.
Jubilant Food Works financial performance is influenced by consumer spending patterns, economic conditions, and competition in the food service industry.
- OBJECTIVE: To find out beta and its significance.
- VIEWS AND REVIEWS:
Jubilant Food Works ltd is committed to bringing fun, happiness and convenience to lives of its consumers by delivering delicious pizzas to their doorstep and its efforts are aimed at fulfilling this commitment towards a large and ever-growing guest base.
The chairman of jubilant food works ltd message to the shareholders that Our success has always been based upon our ability to evaluate the environment in which we operate, look ahead and prepare ourselves to seize opportunities to deliver profitable growth, now and in the future.
- Data collection
Nifty and Jubilant food works closing price was collected from NSE website. Weekly return of Nifty is termed as “X” and weekly return of Jubilant food works is termed as “Y”. Besides that, a few other things written in this report are taken from other websites and its information is provided in references.
- Data Analysis:
Equation: Y= 0.61094+1.00233x
- Interpretation:
The above equation shows the relation between Nifty50 and Jubilant food works. Return of Jubilant food works is dependent variable and return of Nifty50 is independent variable. Positive sign means if Nifty50 rises by 1 unit then share price of Jubilant food works will also rise by 0.93and vice-versa.
Number of observations are 50.
1.17 is the t-stat for Y, the p-value for which is 0.24696. R square is 0.939604which means 93% of variances in Jubilant food works are explained by Nifty. F is 6.55, p-value for this is 0.246956 which means model is statistically significant at 1% level.
- Conclusion: Beta is 0.61094which is less than 1, it means that Jubilant food works is good for long term investment.
- Reference: https://www.nseindia.com/
