INTRODUCTION
\nDelhi Land & Finance (DLF Limited) is a commercial real estate developer. It was founded by Chaudhary Raghvendra Singh in 1946 and it is based in New Delhi, India. DLF developed residential colonies in Delhi such as, Model Town, Rajouri Garden, Krishna Nagar, South Extension, Greater Kailash, Kailash Colony, and Hauz Khas. DLF builds residential, office, and retail properties.
\nWith the passage of Delhi Development Act in 1957, the local government assumed control of real estate development in Delhi and banned private real estate developers. As a result, DLF began acquiring land at a relatively low cost outside the area controlled by the Delhi Development Authority, in the district of Gurgaon, in the adjacent state of Haryana. In the mid-1970s, the company started developing their DLF City project at Gurgaon. Its plans included hotels, infrastructure and special economic zones-related development projects.
\nThe company is headed by Kushal Pal Singh. Kushal Pal Singh, according to the Forbes listing of richest billionaires in 2020, is the 494th richest man in the world with a net worth of US$3.6 billion. The company’s US$2 billion IPO in July 2007 was India’s biggest IPO in history. In its first quarter results for the period ending 30 June 2007, the company reported a turnover of \u20b931.2098 billion (US$410 million) and profit after taxes of \u20b915.1548 billion (US$200 million).<\/p>\n
OBJECTIVE<\/p>\n
To calculate beta of the company and find its significance<\/p>\n
VIEWS AND REVIEWS<\/p>\n
\u2022 Main objective is to empower communities by creating multiple opportunities and provide platforms for the underprivileged by promoting inclusive growth which is Holistic, Sustainable and Socially Uplifting, thus enabling them to emerge as significant contributors in India\u2019s growth story.
\n\u2022 Vision is to contribute significantly to building the new India and become the world\u2019s most valuable real estate company.
\n\u2022 Mission of DLF Ltd is to build world class real estate concepts across six business lines with the highest standards of professionalism, ethics, quality and customer service.
\n\u2022 Values include sustained efforts to enhance customer value and quality and provide ethical and professional service.<\/p>\n
DATA COLLECTION<\/p>\n
Data of index and equity were collected from https:\/\/www1.nseindia.com\/ and https:\/\/www.nseindia.com\/ respectively. Daily returns from 1st March-2021 to 28 Feb-2022 were downloaded in excel format from these websites and it was sorted into weekly format. Then weekly returns were calculated for both index and equity and then regression analysis was done.<\/p>\n
DATA ANALYSIS<\/p>\n
Predicted Y = 0.058006+0.505015X
\nN=46, R Square= 0.017001
\nF= 0.76096
\nTstat (beta) = 1.097819
\nTstat (0.05,45)= 2.0141<\/p>\n
The above regression equation tells us the relationship between X and Y. Where X is NIFTY\u2019s weekly returns and Y is DLF Ltd\u2019s weekly returns.
\nThe positive sign of Beta tells us the that there is a positive relationship between NIFTY and DLF Ltd\u2019s weekly returns.
\nFrom the equation, it can be seen that if X rises by 1 unit, Y will rise by 0.505015 units.
\nT calculated is more that T tabulated which means, \u03b2 is statistically significant at 5% confidence level.
\nR^2 is 0.017001 which means 1.7% of Y (DLF Ltd) is explained by X. And the balance is explained by error.
\nF is 0.76096 which is more than table value which means model is statistically significant at 5% level.<\/p>\n
CONCLUSION<\/p>\n
\u03b2 is statistically significant in case of NIFTY and DLF Ltd. Also, it can be concluded that DLF ltd is a medium beta share. Since it is around than 1.<\/p>\n","protected":false},"excerpt":{"rendered":"
INTRODUCTION Delhi Land & Finance (DLF Limited) is a commercial real estate developer. It was founded by Chaudhary Raghvendra Singh in 1946 and it is based in New Delhi, India. DLF developed residential colonies in Delhi such as, Model Town, Rajouri Garden, Krishna Nagar, South Extension, Greater Kailash, Kailash Colony, and Hauz Khas. DLF builds… Continue reading Relationship of NIFTY and DLF Ltd.<\/span><\/a><\/p>\n","protected":false},"author":91967,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-16021","post","type-post","status-publish","format-standard","hentry","category-management","entry"],"_links":{"self":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/16021","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\/91967"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16021"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/16021\/revisions"}],"predecessor-version":[{"id":16165,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/16021\/revisions\/16165"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16021"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16021"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}