Title \u2013 Relationship of National Aluminium and Nifty50<\/p>\n
Author \u2013 Nishigandha Vijay Gamare.<\/p>\n
Introduction
\nNational Aluminium Company Limited, abbreviated as NALCO, is a government company having integrated and diversified operations in mining, metal and power under the ownership of Ministry of Mines, Government of India. Presently, Government of India holds a 51.5% equity in NALCO.
\nHeadquarters: Bhubaneswar
\nFounded: 1981
\nRevenue: 8,471.84 crores INR (US$1.2 billion, 2020)
\nTotal assets: 14,549.62 crores INR (US$2.0 billion, 2020)
\nNumber of employees: 6,496 (April 2019)
\nSubsidiaries: NPCIL-NALCO Power Company Limited, Aluminium Park Pt. Ltd
\nParent organizations: Government of India, Ministry of Mines<\/p>\n
Objective \u2013
\nTo calculate beta of National Aluminium Ltd. And see its significance.<\/p>\n
Data Collection \u2013
\nData for this study of National Aluminium Ltd. Has been downloaded from www.nseindia.om for nifty50 and equity of Nalco. Collected data taken from the time period of 1st April 2021 to 31st March 2022<\/p>\n
Data Analysis :
\nUtilizing the Regression Add on in Microsoft Excel Data Analytics Tool below values were acquired.
\nR SQUARE \u2013 0.769001
\na = -103.8
\nb = 0.005677
\nf = 143.1478
\np Value =.2.93E-21
\nBelow model shows relationship between Nalco and Nifty50 weekly returns :
\nNalco Weekly Returns = 103.8 + 0.005677 * (Nifty Weekly Returns)<\/p>\n
Conclusion :
\nBased on the Research Methodology and Data Analysis performed we can conclude that 5% of weekly Nalco weekly returns can be explained by NIFTYFIFTY weekly returns, remaining 95%
\nis dependent upon Nalco\u2019s fundamentals and policies. Also it is evident that 1% decreases in Nifty50 returns will result in Nalco system.
\nSince f value is lesser than the p value this model is statically good and non-significant. Risk factor of using this method for forecasting Nalco\u2019s weekly returns are very low.<\/p>\n","protected":false},"excerpt":{"rendered":"
Title \u2013 Relationship of National Aluminium and Nifty50 Author \u2013 Nishigandha Vijay Gamare. Introduction National Aluminium Company Limited, abbreviated as NALCO, is a government company having integrated and diversified operations in mining, metal and power under the ownership of Ministry of Mines, Government of India. Presently, Government of India holds a 51.5% equity in NALCO.… Continue reading Relationship of National Aluminium and Nifty50 Nishigandha Gamare<\/span><\/a><\/p>\n","protected":false},"author":100166,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[355],"class_list":["post-16539","post","type-post","status-publish","format-standard","hentry","category-finance","tag-jdbims","entry"],"_links":{"self":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/16539","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\/100166"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16539"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/16539\/revisions"}],"predecessor-version":[{"id":16545,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/16539\/revisions\/16545"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16539"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16539"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16539"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}