Add description for your Article from here.<\/p>\n
Name of Author: Harsh Divecha
\nITM Business School
\nF1
\n021230022984<\/p>\n
Introduction: HCL Technologies Limited, (formerly Hindustan Computers Limited), is an Indian multinational information technology (IT) services and consulting company headquartered in Noida. It emerged as an independent company in 1991 when HCL entered the software services business. The company has offices in 52 countries and over 210,966 employees
\nHCLTech is on the Forbes Global 2000 list. It is among the top 20 largest publicly traded companies in India with a market capitalisation of \u20b9279,209 crores as of March 2022.<\/p>\n
Objective: To calculate the beta of the company and its significance.<\/p>\n
Data Collection: Downloaded from NSE from 01\/12\/2021 to 30\/11\/2022.<\/p>\n
Summary Output
\nIn this model, I am trying to study the change in Price per share of HCL Technologies (HCLT) for the NIFTY 50.
\nI am studying this data at a 95% confidence level (\u03b1=0.05)
\nThe significance f value is 0.0455 which is less than 0.05 hence we can say that the data is significant.
\nFrom multiple R (in the regression table ), we can say that there is a 25.91% relationship between the price of a share and nifty 50.
\nFrom R square we can say that 6.71% of the variation is explainable in the data.<\/p>\n
ANOVA table
\n699426.7585 is the total error in the dataset out of which 46973.07105 is due to regression
\nThe predicted value of the share price of HCLT can be found in the equation,
\nY = 447.7273758 + 0.036013041 (x)
\nWhere x is the nifty 50 value for which we are trying to find the share price
\nWith 1 unit change In nifty 50, the share price will change by 0.0360 units.<\/p>\n","protected":false},"excerpt":{"rendered":"
Add description for your Article from here. Name of Author: Harsh Divecha ITM Business School F1 021230022984 Introduction: HCL Technologies Limited, (formerly Hindustan Computers Limited), is an Indian multinational information technology (IT) services and consulting company headquartered in Noida. It emerged as an independent company in 1991 when HCL entered the software services business. The… Continue reading Relation between HCL Tech and Nifty 50<\/span><\/a><\/p>\n","protected":false},"author":108077,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[],"class_list":["post-16796","post","type-post","status-publish","format-standard","hentry","category-finance","entry"],"_links":{"self":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/16796","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\/108077"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16796"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/16796\/revisions"}],"predecessor-version":[{"id":16798,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/16796\/revisions\/16798"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16796"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16796"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}