Title– Relationship between Nifty 50 with ASIAN HOTELS
Author- Aniket Rajaram Thale (21230023653) (Fintech)
Introduction –
Asian Hotels (North) Ltd is one of the leading player in the Indian hospitality industry operating a chain of deluxe category hotels under the brand Hyatt Regency Hotels. The company presently operates one five-star deluxe hotel in Delhi with the name Hyatt Regency Delhi. Hyatt Regency New Delhi is located at Bhikaji Cama Place and is a 5-Star Deluxe Hotel which has been operating since 1982. The hotel has 508 rooms and suites and is well equipped with High Speed Internet Swimming Pool Fitness Centre Business Centre Boutiques Salon and Restaurants offering a wide variety of dining options.Asian Hotels (North) Ltd was incorporated in the year 1980 as Asian Hotels Ltd and was promoted by R S Saraf R K Jatia Chaman Lal Gupta 3 Non-resident Indians together with Sushil Gupta and Shiv Jatia their Indian Associates. The company set up their first-grade room facilities for guests during the Asian Games in the year 1982.
The hotel started full-fledged commercial operation in the year 1983.In December 9 2002 the company incorporated a subsidiary company namely GJS Hotels Ltd. In order to have their presence in other geographical location they commissioned two new five star deluxe hotel category in the name Hyatt Regency Kolkata and Hyatt Regency Mumbai. The former commenced full fledged operations in January 1 2003 and the later in April 1 2003.During the financial year 2007-08 the company acquired three wholly owned subsidiaries Consequently the Mumbai Undertaking and Kolkata Undertakings of the Company were transferred to and vested in the Transferee Company-I and Transferee Company-II respectively. Since such transfer took effect retrospectively from the Appointed Date i.e. 31st October 2009. Post de-merger the Company’s name was changed to Asian Hotels (North) Limited (AHNL).
Objective –
To calculate the beta of ASIAN HOTELS Ltd and its significance.
Views & Reviews-
Mr. Amritesh Jatia
(Chairman & Managing Director/Promoter Director, ASIAN HOTELS)
Corporate governance is about commitment to values and ethical business conduct. It implies application of those values and ethics to
manage day to day affairs and dealings with all the stakeholders. It is about how an organization is managed. Further, dissemination
of timely and accurate information regarding financial position and general state of affairs of the entity is an important part of corporate
governance.
The Company is committed to good governance practices while conducting its business and endeavors to uphold the core concept
of Corporate Governance. The four pillars, on which the corporate governance rests, are transparency, integrity, accountability and
compliance of laws, and Asian Hotels (North) Limited (‘the Company’), has imbibed these principles and endeavors to follow these
diligently.
Data Collection –
The data is downloaded from the 1st of February 2023 to the 31st of January 2024 for Nifty 50 and ASIAN HOTELS.
Nifty 50 is the independent variable
ASIAN HOTELS is the dependent variable
ANOVA TABLE –
Data Analysis –
The equation for the data is –
X- Nifty 50; Y- ASIAN HOTELS .
Y=0.188+1.7646X
N= 48, R Square= 0.15826488, F value= 8.6490208
The above equation shows the relationship between Nifty 50 return and ASIAN HOTELS stock return. Where Nifty 50 is the independent variable and Aditya Birla capital’s is the dependent variable. The positive sign in the equation shows that there is a direct relationship. If, the return of Nifty 50 increases then the return of Aditya Birla capital will also increase and vice versa.
The number of observations is 48.
R-square is 0.15826488 which means 16% of Aditya Birla capital is explained by nifty 50 is 84% are errors that are not in the model.
Figures and brackets are the T stats is R-square. The P-value of this is 0.005107718, it is less than 0.5 which means nifty 50 is statistically significant at the 5 % level.
F is 8.6490208 and the P-value is 0.005107718 which is also less than 0.5 which means the overall model is statistically significant.
Conclusion –
The beta is more than 1 for the given model which means that we should invest for the short-term period.
Reference
- https://finance.yahoo.com/quote/AHLEAST.NS/history/
- https://www.asianhotelsnorth.com/board_of_directors.html
- https://finance.yahoo.com/quote/%5ENSEI/history/