Title: Relationship of Titan company ltd with nifty 50
Author: Tushar S. Patil
Introduction: Titan company ltd is a leading Indian lifestyle company and a part of the tata group. Established in 1984, it is best known for its watches, jewellery, eyewear, and wearables. Titan owns popular brands like Tanishq, Fastrack, sonata, and titan watches. The company has a strong presence in India and internationally, focusing on quality, innovation, and trust.
Objectives: To calculate beta & observe its significance
Literature review:
· Mehta, P., & Roy, A. (2020). Sectoral return patterns in relation to Nifty index. Abesco Business Review, 8(3), 88-96.
· Patil, T. S. (2025). Relationship of Titan Company Ltd. with Nifty 50. Unpublished project report, 1-8
Data collection: Data for Titan company ltd and Nifty 50 was downloaded from nse India .com for the period 01.12.2024 -30.11.2025. Friday closing prices were found out, weekly returns of nifty 50 and titan company ltd were calculated. Weekly returns of nifty were taken as x and weekly returns of titan company ltd were taken as y. Y was regressed on x ,
Data analysis: return of titan = -0.0982 + 0.9071(nifty 50)
n = 49, or square = 0.285, f = 18.766, p value = 7.71
the above equation shows the relationship between return of titan company limited and nifty 50. The negative sign means there is an inverse relationship between nifty 50 rises, return of titan company ltd falls and vice versa. If return of nifty 50 rises by 1 unit of return of titan company ltd will fall by 0.55 unit. T stats for the return of nifty 50 is 4.332 and the p value is 7.71, so return of the nifty 50 is statistically significantly at 1 % level, n = 49 so number of observations is 49. R square is 0.285 which means 28.5% return of titan company ltd depends upon the return of nifty 50. In the other words 28.5% of variance of return of titan company ltd are explain by return of nifty 50. 71.5% is the error due to variable which are not included in the model. F is 18.766, p value is 7.71 which means it is more than 1 means the model is statistically significant.
Conclusion: Beta is less than 1 , invest for long term purpose if Nifty 50 is to rise.
Referrence:
· nse india histroical data equity
- nse india histroical data index