Title: Relationship between Nifty 50 and Apollo Hospitals Enterprises Ltd.<\/p>\n
Author: Arunima Gahlot
\nSAP ID 80012100949<\/p>\n
Introduction of the Company<\/p>\n
The Apollo Hospitals Enterprise Ltd group of hospitals was the first in India to develop the concept of corporate healthcare delivery. They are Asia’s top private sector healthcare provider, owning and operating a network of specialty hospitals and clinics, as well as a chain of Pharmacy retail locations around the country and providing Consultancy Services for commissioning and managing Specialty Hospitals. Cardiology & Cardiothoracic Surgery, Orthopedics & Joint Replacement Surgery, Spine Surgery, Oncology, Medical & Surgical Gastroenterology, Neurology & Neurosurgery, Nephrology & Urology, and Critical Care Medicine are among the services provided by the firm.<\/p>\n
Objective<\/p>\n
To calculate the beta of Apollo Hospitals Enterprise Ltd. and find its significance<\/p>\n
Views and Reviews<\/p>\n
\u2022\tApollo Hospitals’ share price rises on entry in Nifty 50 index from March. Apollo Hospitals will become the first-ever healthcare services company to become part of the benchmark index. (Money Control)
\n\u2022\tBrokerage firm Edelweiss Securities expects the inclusion of Apollo Hospitals into Nifty 50 to result in inflows of $143 million from exchange-traded funds that mirror the index. (Business Standard)
\n\u2022\tShare price of Apollo Hospital jumps as Sensex gains 866.13 points (Economic Times)<\/p>\n
Data Collection<\/p>\n
\u2022\tSecondary research was conducted in order to collect relevant data about the company\u2019s financial performance along with the NIFTY 50 data.
\n\u2022\tThis data was collated from trusted websites like yahoofinance.com, moneycontrol.com and annual reports of the company. The data of the company and Nifty 50 (index) has been downloaded from nseindia.com.
\n\u2022\tThe Friday returns were calculated as per the weekday.
\n\u2022\tThe data of the company was later regressed with Nifty 50 by using data analysis technique.
\n\u2022\tThe company data is dependent variable (X) whereas the Nifty 50 data is independent variable (Y).<\/p>\n
Data Analysis<\/p>\n
Y^= 0.0118 -0.1121x
\nWhere x=Apollo Hospitals Enterprises Ltd.
\nIn the data, n= 47; R^2= 0.001609983; F-value= 0.0693
\nThe above regression equation tells us the relationship between X and Y, where Y= Apollo Hospitals Enterprises Ltd. and X= Nifty 50 prices.
\nThe negative sign implied that there is an inverse relationship between them; if the price rises of Nifty 50 then the price of Apollo Hospitals Enterprises Ltd. falls and vice versa.
\nFrom the equation, it can be seen if X rises by 1 unit, Y will fall by 0.1121 units (t-stat for b=-0.2633).
\nThe figure in bracket is t-stat for b, which is less than the table value (2.571), which implies that b is not statistically significant at 5% level.
\nR^2 is 0.0016 which means 0.16% of Y is explained by X and the balance is error.
\nF= 0.0693 which is less than the table value, which means overall the model is not statistically significant at 5% level.<\/p>\n
Conclusion<\/p>\n
Based on the research methodology and data analysis performed we can conclude that only 0.16% of Apollo Hospitals Enterprises Ltd. can be explained by Nifty 50 and the remaining is attributed to the functioning and the policies of Apollo Hospitals Enterprises Ltd. Since F value is lesser than the table value, b value is not significant. The model can be relied upon to analyse the risk factors and the analysis can depend on this model.<\/p>\n","protected":false},"excerpt":{"rendered":"
Title: Relationship between Nifty 50 and Apollo Hospitals Enterprises Ltd. Author: Arunima Gahlot SAP ID 80012100949 Introduction of the Company The Apollo Hospitals Enterprise Ltd group of hospitals was the first in India to develop the concept of corporate healthcare delivery. They are Asia’s top private sector healthcare provider, owning and operating a network of… Continue reading Relationship between Nifty 50 and Apollo Hospitals Enterprises Ltd.<\/span><\/a><\/p>\n","protected":false},"author":91932,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,9],"tags":[],"class_list":["post-15955","post","type-post","status-publish","format-standard","hentry","category-business","category-management","entry"],"_links":{"self":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/15955","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/users\/91932"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15955"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/15955\/revisions"}],"predecessor-version":[{"id":16140,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/15955\/revisions\/16140"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15955"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}