INTRODUCTION
\nApollo Tyres Limited is an Indian Multinational tyre manufacturing company headquartered in Gurugram, Haryana.
\nThe company markets its products under its two global brands \u2013
\nApollo and Vredestein, and its products are available in over 100 countries through a vast network of branded, exclusive and multi-product outlets. The product portfolio of the company includes the entire range of passenger car, SUV, MUV, light truck, truck-bus, two-wheeler, agriculture, industrial, specialty, bicycle and off-the-road tyres, and re-treading material and tyres.
\nHeadquartered in Gurgaon, India, the company has a turnover of US$ 2.3 billion and ranks among the global top 20 tyre makers. Apollo Tyres has been recognised as the \u2018Best Company To Work For\u2019 both in Asia and Europe in the recent past, and has won several accolades for its HIV-AIDS awareness and prevention initiative for the trucking and allied communities, and for its Waste Management initiatives in the community.
\nOBJECTIVE
\n\u00a7 To calculate beta of the company and find its significance
\n\u2022 \u2022
\n\u2022
\nVIEWS ANDREVIEWS
\nApollo Tyres is looking at consolidation of business while de-risking and
\nstepping up presence in new geographies during these challenging times.
\nThe tyre major has commissioned two new manufacturing facilities \u2014 one in
\nAndhra Pradesh and another in Gujarat, with each plant seeking to focus on
\nselect business segments.
\nApollo Tyres has recently commissioned its seventh plant in AP.
\nDATA COLLECTION
\nData 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 wasdone.
\nDATA ANALYSIS
\nPredicted Y = 0.058006+0.505015X N=46, R Square= 0.098155
\nF= 4.788847
\nTstat (beta) = 1.097819
\nTstat (0.05,45)= 2.0141
\nThe above regression equation tells us the relationship between X and Y. Where X is NIFTY\u2019s weekly returns and Y is Apollo Tyres ltd weekly returns.
\nThe positive sign of Beta tells us the that there is a positive relationship between NIFTY and Apollo Tyres ltd weekly returns.
\nFrom the equation, it can be seen that if X rises by 1 unit, Y will rise by 0.505015 units. T calculated is more that T tabulated which means, \u03b2 is statistically significant at 5% confidence level.
\nR^2 is 0.098155 which means 47% of Y (Apollo Tyres ltd) is explained by X. And the balance is explained by error.
\nF is 4.788847 which is more than table value which means model is statistically significant at 5% level.
\nCONCLUSION
\n\u03b2isstatisticallysignificantincaseofNIFTYandApollo Tyres ltd.Also,itcanbe concluded that Yes Bank ltd is a medium beta share. Since it is around than 1.<\/p>\n","protected":false},"excerpt":{"rendered":"
INTRODUCTION Apollo Tyres Limited is an Indian Multinational tyre manufacturing company headquartered in Gurugram, Haryana. The company markets its products under its two global brands \u2013 Apollo and Vredestein, and its products are available in over 100 countries through a vast network of branded, exclusive and multi-product outlets. The product portfolio of the company includes… Continue reading Relationship between Nifty and Apollo tyres<\/span><\/a><\/p>\n","protected":false},"author":92008,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[1637],"class_list":["post-16083","post","type-post","status-publish","format-standard","hentry","category-business","tag-brm-assignment","entry"],"_links":{"self":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/16083","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\/92008"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16083"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/16083\/revisions"}],"predecessor-version":[{"id":16086,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/16083\/revisions\/16086"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16083"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}