Topic: CRISIL LITMITED
Author: Chandrakant Palve
Introduction: Crisil is leading agile and innovative global analytics company driven by its mission of making markets factions better.
We are India foremost provider of rating data research analytics and solutions. A strong track record of growth culture of innovation and global footprint seats us apart. We have delivered independence opinions actionable insights and efficient solution to over 100,000 customers our business operate from India, the united states ( US), The united kiddom ( UK) Argentina, Polland, China, Hog Kong, Singapore, and United Arab Emirates ( UAE).
We are majority owned by S and P global INC., a leading provider of transparent and independence rating benchmarks analytics and data to the capital market worldwide.
Objective: To find beta and find significance.
Data collection: The company Crisil Ltd has been taken from NSE for the period 1-3-2023 to 28 2-2024. Data for Nifity 50 and Crisil has been downloaded from NSE. India.com, for the period 1-3-2023 to 28-2-2024. Weekly closing prices were found out Weekly returns were calculated. Weekly returns of Crisil Ltd were regressed on weekly returns of Nifity.
Data Analysis:
Regression equation: Crisil Ltd = 0.365+ 0.956 nifty50
The above equation shows the relationships between Crisil and Nifity50, positive sign means direct relationship meaning if weekly returns of Nifty50 rises then weekly returns of Crisil Ltd also rises and Vice versa. If weekly returns of Nifty50 rises by 1 unit weekly returns of Crisil Ltd will rise by 0.956 Units. T stats for b 2.49 and P value for which is given as 0.016 which is less than 0.05 meaning B is statistically significant at 5% level. Meaning Nifty50 play significant role for Crisil Ltd. No of observation are 48 R^2 is 0.119 meaning 11% of Crisil Ltd is explained by Nifity50 balance 89% is error variable due to not taken into account. F value 6.233 the P value for which is 0.016 which is more than 0.5 so the overall model is not statically significant.
Conclusion: Beta is 0.520 which is less then 1 therefore Crisil is good for long term investment.