Title- Relationship between Nifty 50 and Hero motocorp
Author – Harshal Dave
Introduction- Hero MotoCorp Limited is an Indian multinational motorcycle and scooter manufacturer headquartered in Delhi. It is one of the world’s largest two-wheeler manufacturer and has a market share of about 46% in the Indian two-wheeler industry.
Objective- To find beta and it’s significance
Views and Reviews- Embracing DE&I is just the right thing to do and will make any organization thrive. At Hero MotoCorp it’s in our DNA and a leadership priority. I appreciate ETHR World giving me the opportunity to spotlight our journey to 30 by 2030. – Mike Clarke
It’s hard to believe, but my time at #HeroMotoCorp is fast coming to an end. As I write this post, I reflect on nearly four years of togetherness with my extended family of colleagues and supply chain partners with gratitude, pride, and hopefulness about what is to come. . – Sambit Dash
Data collection- collected data of the company and nifty50 is from NSE India
Data Analysts- The regression equation is: Hero motocorp = (-0.34537 +0.281293)Nifty
The above equation shows the relationship between Hero motocorp and Nifty Index. Equity is the dependent variable and Nifty is the independent variable. The positive sign indicates that, if Nifty rises Equity also rises, and vice versa. If Nifty rises one unit and the p-value is 0.344293. Number of observations are 50.
The R square is 0.019049.
Conclusion- beta less than 1 so, hero motocorp is good for long term investment.