Title: Relationship of Sun Pharmaceuticals with Nifty
\n
\nAuthor: Siya Sunilkumar
\n
\nIntroduction: Sun Pharmaceuticals is the world’s fourth largest speciality generic pharmaceutical company and No. 1 in India. We provide high-quality, affordable medicines trusted by customers and patients in over 100 countries. Sun Pharma’s global presence is supported by more than 40 manufacturing facilities spread across 5 continents, R&D centres across the globe and a multi-cultural workforce comprising over 50 nationalities. Sun Pharma fosters excellence through innovation supported by strong R&D capabilities comprising around 2,000 scientists and R&D investments of over 7-8% of annual revenues. It was founded by Dilip Sanghvi in 1983 in Vapi, Gujarat.<\/p>\n
Objective:-
\nTo calculate the Beta value of Sun Pharmaceuticals Limited and see its significance.<\/p>\n
DATA COLLECTION
\n
\nData was taken from nifty. Friday closing price was calculated.<\/p>\n
Data Analysis:-
\n
\nEstimated Y = 0.579710 + 0.595334 X
\nN=47, R Square= 0.122555, F= 6.145600
\nT stat(beta) = 2.479034
\nT stat (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 Sun Pharma\u2019s weekly returns.
\nThe positive sign of Beta tells us that there is a positive relationship between NIFTY and Sun Pharma\u2019s weekly returns.
\nFrom the equation, it can be seen that if X rises by 1 unit, Y will rise by 0.595334 units.
\nT calculated is more than T tabulated which means, \u03b2 is statistically significant at a 5% confidence level.
\nR^2 is 0.122558 which means 12% of Y (Sun Pharma) is explained by X. And the balance is explained by error.
\nF is 6.145597 which is more than the table value which means the model is statistically significant at a 5% level.
\n
\nConclusion:-
\n\u03b2 is statistically significant in the case of NIFTY and Sun Pharma. It is a good model.<\/p>\n","protected":false},"excerpt":{"rendered":"
Title: Relationship of Sun Pharmaceuticals with Nifty Author: Siya Sunilkumar Introduction: Sun Pharmaceuticals is the world’s fourth largest speciality generic pharmaceutical company and No. 1 in India. We provide high-quality, affordable medicines trusted by customers and patients in over 100 countries. Sun Pharma’s global presence is supported by more than 40 manufacturing facilities spread across… Continue reading Relationship of Sun Pharmaceuticals with Nifty<\/span><\/a><\/p>\n","protected":false},"author":93379,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,24],"tags":[355],"class_list":["post-16428","post","type-post","status-publish","format-standard","hentry","category-management","category-medical","tag-jdbims","entry"],"_links":{"self":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/16428","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\/93379"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16428"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/16428\/revisions"}],"predecessor-version":[{"id":16444,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/16428\/revisions\/16444"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16428"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16428"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16428"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}