1) Title – Relationship between Navneet Education Limited and Nifty 50
2) Author – Ninad Ankush Mahadik
3) Introduction – Navneet Education Limited is a leading Indian company engaged in publishing educational books, stationery, and digital learning products. Founded in 1959, it serves a wide student base through school textbooks, guides, and competitive exam preparation materials. The company operates under well-known brands like Navneet, Vikas, Gala, and YOUVA. With a strong distribution network across India and abroad, Navneet continues to contribute to the academic and stationery market through innovative learning solutions.
4) Objective – To calculate the Beta and observe its significance
5) Literature Overview – Literature on educational publishing highlights the growing demand for quality learning materials and the increasing shift toward digital and hybrid content. Studies emphasize the role of strong distribution networks, brand trust, and diversified offerings in sustaining market presence. Research also notes the rising preference for interactive and technology-supported education, forming the basis for evaluating Navneet Education Limited’s position in the industry.
6) Data Collection – Data for the Navneet Education Limited and Nifty Fifty was downloaded from NSEIndia.com for the period 1/12/24-30/11/25. Friday closing prices were found out weekly return of nifty and Navneet Education Limited were calculated. Weekly return of nifty were taken as X and weekly return of Swiggy were taken as Y. Y was regressed on X.
7) Data Analysis – Return of Navneet = 0.1349 – 0.6294 (Nifty 50)
N = 49 , R Square = 0.1161 , F = 6.1727 , P Value = 0.0166
The above equation shows the relationship between return of Navneet Education Limited and Nifty 50 . The Neagtive Sign means there is an inverse relationship between Nifty 50 rises , return of Navneet Education Limited falls and vice versa . If return of Nifty 50 rises by one unit of return of Navneet Education Limited will fall by 0.55 unit . T stats for the return of Nifty 50 is 2.4845 and the P Value is 0.0166 , so return of Nifty 50 is statistically significantly at 1% level , N = 49 so numberv of observation is 49 . R Square is 0.1161 which means 11.61% Return of Navneet depends upon the return of Nifty 50 . In Other Words 11.61% of variance of return of Navneer are explained by return of Nifty 50 . 11.61% is the error due to variable which are not included in the model . F is 6.1727 , P Value is 0.166 which means it is less than one that means the model is statistically not Significant.
8) Conclusion – Beta is less than 1 , Invest for long term purpose if Nifty 50 is to rise.
Refernce –
NSE Historical Data Equity ( Navneet Education Ltd)
NSE Historical Data Index