AUTHOR: RAJ BUSWALA 66
INTRODUCTION:
RattanIndia Enterprises Limited is a dynamic business conglomerate in India focused on driving growth through innovative and emerging sectors. As part of the RattanIndia Group, it operates in industries that align with the future of technology and sustainability. The company has made significant strides in electric mobility through its investment in Revolt Motors, a leading brand known for its AI-enabled electric motorcycles. Additionally, RattanIndia has ventured into the rapidly evolving drone sector with NeoSky, offering cutting-edge unmanned aerial solutions across industries. Its presence in fintech, through platforms like BankSe, reflects a commitment to transforming consumer financial services. The company is also expanding in digital commerce, leveraging technology to meet evolving consumer needs. With a vision to create sustainable and technology-driven business models, RattanIndia Enterprises is well-positioned in India’s growth story. Through strategic investments and innovation, it aims to play a pivotal role in shaping the future of industries that prioritize efficiency, sustainability, and digital transformation.
OBJECTIVE:
To find out the Beta of Rattanindia Enterprises Ltd and it’s significance
Literaturereview:
Singh, R. (2022). A flagship investment of RattanIndia Enterprises, has been featured in numerous articles for its innovation in AI-enabled electric motorcycles, positioning it as a leader in India’s push for sustainable transportation. Government incentives for electric vehicles (EVs) have further bolstered the company’s prospects, as highlighted by market reports (ICRA, 2023).
Reports by PwC (2023) state that Financial analysts have noted RattanIndia’s move into fintech through BankSe, a consumer finance platform.which indicate rapid growth in India’s fintech ecosystem, with companies like RattanIndia tapping into the underserved consumer credit market.
(Mishra & Gupta, 2022).Scholarly articles on sustainable business practices underscore how RattanIndia’s investments reflect a shift towards ESG (Environmental, Social, and Governance)-compliant sectors This adaptability is essential in maintaining resilience amid market fluctuations.
DATA COLLECTION:
Rattanindia Enterprises Ltd’s and Nifty50 data was download for period 1-1-24 to 31-12-24 and data was manipulated to find out the Friday closing prices were calculated of Nifty50 = X and Rattanindia enterprises Ltd = Y, Y was regression on X
DATA ANALYSIS:
Regression Equation: Y = -0.0087 + 2.0846(X)
The regression equation demonstrates the relationship between X Variable 1 (Independent Variable) and the Dependent Variable (Y). The negative intercept of -0.0087 indicates that when the independent variable is zero, the predicted value of the dependent variable is slightly negative. However, this intercept is statistically insignificant, with a p-value of 0.2867, suggesting that it does not contribute meaningfully to the model.The positive coefficient of 2.0846 for X Variable 1 suggests that for every 1-unit increase in the independent variable, the dependent variable is expected to increase by approximately 2.0846 units. The p-value of 9.5988E-05 (0.000095988) is highly significant, well below the conventional threshold of 0.05, indicating a strong and statistically significant relationship.With 47 observations (N = 47), the R² value is 0.2895, meaning that 28.95% of the variability in the dependent variable is explained by changes in the independent variable. The F-value of 18.33 with a corresponding p-value of 9.5988E-05 indicates that the overall model is statistically significant.The standard error of 0.0548 reflects a moderate level of prediction error. The 95% confidence interval for the coefficient of X Variable 1 ranges from 1.1041 to 3.0652, indicating high confidence that the true population parameter falls within this range.In conclusion, this regression model provides strong evidence of a significant positive linear relationship between X Variable 1 and the dependent variable. However, with only 28.95% of the variance explained, other variables could further improve the model’s predictive power.
CONCLUSION:
Rattanindia Enterprise’s beta of 2.0846 indicates that it is more volatile than the market and better suited for short-term investment.
REFERENCE:
1. FICCI Report. (2023). Emerging Trends in the Indian Drone Market. FICCI Research Papers.
2. ICRA. (2023). Indian EV Industry Report 2023. ICRA Publications.
3. Mishra, A., & Gupta, R. (2022). ESG in India: How Corporates are Adapting to Sustainability Goals. Indian Journal of Business Studies.
4. PwC India. (2023). The Growth of Fintech in India: Opportunities and Risks. PwC Industry Reports.
5. Singh, R. (2022). The Rise of Electric Mobility in India: A Case Study on Revolt Motors. Journal of Sustainable Transportation.