1.TITLE -: RELATIONSHIP OF KRISHNA INSTITUTE OF MEDICAL SCIENCE(KIMS) WITH NIFTY50
2.AUTHOR -: Krish
3.INTRODUCTION -: Krishna Institute of Medical Sciences (KIMS) is a renowned medical institute and hospital chain in India, offering a wide range of healthcare services. Known for its advanced medical facilities, KIMS provides specialized treatments across various disciplines, including cardiology, oncology, neurology, and more. It also serves as a medical education hub, offering undergraduate and postgraduate programs in medicine, nursing, and allied health sciences.
4.OBJECTIVE -: To find out Bita of KIMS & its significance
Data Collection -: The data of nifty50 & KIMS company WAS download from the NSE website from 1-06-2023 to 31-05-2024. Data was manipulated to find the Friday closing price & weekly return was calculated by the formula. weekly data of nifty50 termed as X , weekly data of KIMS termed as Y and find regression of Y on X weekly return = (y3-y2)/y2*100
5.Data Analysis -:
Weekly return of KIMS = 0.20+0.44 Weekly return of nifty50 (1.21)
tStas=1.21, N =49, R(square)=0.03, F=1.47 , P Value = 0.23
INTERPRETATION -: The above equation shows the relationship between nifty50 & weekly return of KIMS. The positive design before the coefficient of weekly return of nifty means there is a positive relation. If nifty rise by 1 unit the KIMS will rise by 0.44 & vise-versa tstats for Bita is written in bracket and the p value is 0.23 which is more than 0.05 means Bita is not statistically significant at 5% level. N=49,R(square)=0.03,which means 3% of weekly return of your company are explained by nifty . rest 97% are the outsider errors. F=1.47 & the P value for this is 0.23 meaning overall the model is statistically significant at 5% level .
6.CONCLUSION -: Bita is 0.44 then invest for long term if nifty is low