NAME OF THE AUTHOR: MRINAL BELCHADA<\/p>\n
INTRODUCTION
\nMaheshwari Logistics Limited was incorporated in 2006. The company is engaged in providing logistics service, supplying of non-coking coal, manufacturing of craft paper and trading in a variety of papers. They have 6 branch offices which are situated in Gujarat and Rajasthan. The manufacturing facility is spread over and area of 45000 square meters and is equipped with necessary plant and equipment. At present it has a manufacturing capacity of 750 lakh kg p.a. The company has generated a turnover of Rs 4600.87 lakh sale of manufactured products.<\/p>\n
OBJECTIVE
\nTo calculate the beta of Maheshwari logistics limited and its significance.<\/p>\n
DATA COLLECTION
\nData of Maheshwari Logistics Limited from 1-12-2021 to 30-11-22 from NSE website.
\n\u2022\tFriday weekly closing prices has been found out.
\n\u2022\tWeekly Return have been calculated with the formula of (y2-y1)\/y1*100
\n\u2022\tWeekly return of equity has been regressed on Weekly Return of Nifty.<\/p>\n
DATA ANALYSIS
\nWeekly Return of Maheshwari Logistics Limited = 0.7340 + 1.1845 Weekly return of Nifty + E
\n\u2022\tt-stat = 3.6109
\n\u2022\tR2 = 0.2171
\n\u2022\tF = 13.0391
\n\u2022\tN = 49<\/p>\n
The above equation tells us the relationship between Weekly Return of Maheshwari Logistic Limited and Weekly Return of Nifty. The positive sign means that there is an direct relationship. If Nifty rises, equity rises and if nifty falls equity falls. The coefficient of weekly return of nifty is 1.1845, which means if nifty rises by 1 unit, Maheshwari logistics limited will rise by 1.1845 units and vice- versa.
\nNumber of Observations are 49 and t-stat is 3.6109.
\nP value is 0.000738, which is less than 0.05, means that b is statically significant at 5%. Even if it is less than 0.01, b is statically significant at 1% level.
\nR2 is 0.2171, which means that 21.71% of Y (Maheshwari Logistic Limited) is explained by X (nifty), balance of 78.29% is error. Error is due to the variables which are not in the model.
\nF is 13.039, the P value for which is 0.000738 < 0.01, means overall the model is statistically significant.<\/p>\n
CONCLUSION
\nSince b = 1.1845 is greater than 1, it is statistically significant.
\nTherefore, Maheshwari logistic Limited is a good proposal for investment in short term.<\/p>\n","protected":false},"excerpt":{"rendered":"
NAME OF THE AUTHOR: MRINAL BELCHADA INTRODUCTION Maheshwari Logistics Limited was incorporated in 2006. The company is engaged in providing logistics service, supplying of non-coking coal, manufacturing of craft paper and trading in a variety of papers. They have 6 branch offices which are situated in Gujarat and Rajasthan. The manufacturing facility is spread over… Continue reading Report on calculation of beta of Maheshwari Logistics Limited and its significance<\/span><\/a><\/p>\n","protected":false},"author":108059,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[],"class_list":["post-16819","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\/16819","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\/108059"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16819"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/16819\/revisions"}],"predecessor-version":[{"id":16853,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/16819\/revisions\/16853"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16819"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}