TITLE: Relationship of Nifty and Infosys<\/p>\n
AUTHOR: Ingit Goyal<\/p>\n
Introduction<\/p>\n
Infosys Limited is an Indian multinational information technology company that provides business consulting, information technology and outsourcing services. The company was founded in Pune and is headquartered in Bangalore. Infosys is the second-largest Indian IT company after Tata Consultancy Services by 2020 revenue figures and the 602nd largest public company in the world according to Forbes Global 2000 ranking.
\nInfosys provides software development, maintenance and independent validation services to companies in finance, insurance, manufacturing and other domains
\nOne of its known products is Finacle which is a universal banking solution with various modules for retail and corporate banking.
\nIts key products and services are:
\n\u2022 NIA \u2013 Next Generation Integrated AI Platform (formerly known as Mana)
\n\u2022 Cloud-based enterprise transformation services
\n\u2022 Infosys Information Platform (IIP) \u2013 Analytics platform
\n\u2022 EdgeVerve Systems which includes Finacle, a global banking platform
\n\u2022 Panaya Cloud Suite
\n\u2022 Skava \u2013 now rebranded as Infosys Equinox<\/p>\n
OBJECTIVE: To calculate Beta Value of Infosys and find its significance.
\nVIEWS AND REVIEWS:
\nData Collection:The data of NIFTY and Infosys was collected using NSE Website and was downloaded for 1 March 2021 to 28 February 2022.After downloading the data, closing prices were found.The data was filtered on weekely basis and weekely returns of both NIFTY and Infosys were found out.
\nDATA ANALYSIS:
\nPredicted Y = 0.002852+ 0.955971X
\nN=47, R Square= 0.346210, F= 22.770
\nTstat(beta)= 4.7718
\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 Infosys\u2019s weekly returns.
\nThe positive sign of Beta tells us the that there is a positive relationship between NIFTY and Infosys\u2019s weekly returns.
\nFrom the equation, it can be seen that if X rises by 1 unit, Y will rise by 0.955971 units.
\nT calculated is more that T tabulated which means, \u03b2 is statistically significant at 5% confidence level.
\nR^2 is 0.34621 which means 34% of Y (Infosys) is explained by X. And the balance is explained by error.
\nF is 22.77 which is more than table value which means model is statistically significant at 5% level.<\/p>\n
CONCLUSION:
\n\u03b2 is higher than 1 which means there is a significant relation between Infosys and NIFTY and Infosys can move the price of market.It also indicates the volatile nature of share.<\/p>\n","protected":false},"excerpt":{"rendered":"
TITLE: Relationship of Nifty and Infosys AUTHOR: Ingit Goyal Introduction Infosys Limited is an Indian multinational information technology company that provides business consulting, information technology and outsourcing services. The company was founded in Pune and is headquartered in Bangalore. Infosys is the second-largest Indian IT company after Tata Consultancy Services by 2020 revenue figures and… Continue reading Relationship of Nifty and Infosys<\/span><\/a><\/p>\n","protected":false},"author":91973,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-16035","post","type-post","status-publish","format-standard","hentry","category-computing","entry"],"_links":{"self":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/16035","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\/91973"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16035"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/16035\/revisions"}],"predecessor-version":[{"id":16123,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/16035\/revisions\/16123"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16035"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}