Title:- Relationship of pvrinox ltd. With nifty 50
Authored :- Prajwal Jambhale (021330024157)
Introduction: –
PVRINOX LTD. Is a film exhibition company in India and Sri Lanka that operates multiplexes, theaters, & other related businesses. PVR INOX was formed in May 2023 after the merger of PVR cinemas and INOX leisure Multiplex the company was founded in1995 PVR INOX is headquartered in Gurugram Indian.
Objective:- To find out preta of your company & significant
Data collection:- I have downloaded data from NCE website for the period of 1 may 2023 to 30 April 2024 then find out weekly closing prices and by using (yt+1– yt)/ yt*100 and weekly return on nifty 50 as “x” and for PVRINOX as “Y” and “Y” was regrased on “X”
Data analysis:-
Intercept = A
X variable (weekly return) = β
Weekly report of PVRINOX LTD.= 0.213093074 (Intercept)+ 0.217675498 (x variable)
(t-stat = 1.417053473)
No. of Observation(N): 48
R^2 = 0.041827172
F = 2.008040546
Significance R = 2.008040546
The above equation shows the relation between NIFTY50 and PVRINOX LTD., positive sign before Co-efficient of NIFTY50 shows that there is a positive relationship, If NIFTY50 rises by 1 unit PVRINOX LTD. will rise by 0.217675498 and vice versa.
The figure in bracket that is tStat for β and the P-value = 2.008040546, which is greater than 0.05, which means β is statistically insignificant for the N= 48, R^2=0.041827172, which means 4.18% of PVRINOX LTD.’s return explained by NIFTY50.
F = 2.008040546 and the P-value ror that is 2.008040546 meaning which is greater than 0.05 which means overall model is statistically insignificant at 5% level.
CONCLUSION
As β is less than 1 and positive (0.217675498), PVRINOX LTD. is good for long term investment.