Author \u2013 Abhishek Kumar Ojha (FM Batch)<\/p>\n
Introduction – Apollo Hospitals Enterprise Limited is an Indian multinational healthcare group headquartered in Chennai. Along with the eponymous hospital chain, the company also operates pharmacies, primary care, and diagnostic centers, telehealth clinics, and digital healthcare services among others through its subsidiaries.
\nIt was founded by Prathap C. Reddy in 1983 as the first corporate healthcare in India. The first branch at Chennai was inaugurated by the then President of India Zail Singh.<\/p>\n
Fundamentals \u2013
\nReturn on Equity has increased versus the last 3 years average to 14.80%
\nNet Profit is growing at a healthy rate in the last 3 years at 22.17%
\nDebt to equity has declined to verse us last 3 years average to 0.33
\nSales growth has been subdued in the last 3 years -9.90%
\nSales growth is not so good in the last 4 quarters at 9.26%<\/p>\n
Objectives \u2013 To Calculate Beta and its Significance<\/p>\n
Data Collection – Data for Equity (Apollo Hospital) & Nifty has been downloaded from the NSE site for the period from 01st Jan 2022 to 31st Dec 2022. The data was edited, cleaned, and manipulated to get Friday\u2019s closing price for both, weekly returns found out of Nifty were considered as\u201d X\u201d and weekly return of equity (Apollo Hospital) was considered as \u201cY\u201d.
\nThen I found the correlation between both Nifty and Apollo Hospital and found out the regression equation from the data I extract and do further analysis on regression output.<\/p>\n
Data Analysis –
\ny = a + bx + Error
\nWhere Y = Apollo Hospital Return, X = Nifty Return
\ni.e., Apollo Hosp. Return Y = – 0.051 -1.355 X Nifty Return + e
\n (t-stat = -1.474)
\nN = 49, R2 = 0.044, F = 2.174
\nt-stat of b is shown in bracket = -1.474
\nThe P-value for this is 0.146 which is more than 0.01 meaning \u2018b\u2019 is not statistically significant at the 1% level.<\/p>\n
N = 49,
\nR2 = 0.044 which means 4.4% of Y is explained by X and balanced 95.6% is unexplained i.e., Error.
\nF = 2.174
\nThe P-value for this is 0.146 which is more than 0.01 which means that the overall model is not statistically significant at the 1% level.
\nThe above equation tells us about the relationship between NIFTY and Equity returns.
\nA negative (-) sign shows an inverse relationship which means if the market goes up share price goes up.<\/p>\n
Conclusion \u2013 As if Beta is more than 1 it is good for investment, if Beta is less than 1 it is not good for investment if the Nifty rises. But in this case, Beta is less than 1 i.e., not good for investment at this point.<\/p>\n
Report By \u2013 Abhishek Kumar Ojha \u2013 021230022266 \u2013 FM Batch<\/p>\n","protected":false},"excerpt":{"rendered":"
Author \u2013 Abhishek Kumar Ojha (FM Batch) Introduction – Apollo Hospitals Enterprise Limited is an Indian multinational healthcare group headquartered in Chennai. Along with the eponymous hospital chain, the company also operates pharmacies, primary care, and diagnostic centers, telehealth clinics, and digital healthcare services among others through its subsidiaries. It was founded by Prathap C.… Continue reading Relationship between Nifty and Apollo Hospital<\/span><\/a><\/p>\n","protected":false},"author":108094,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-16938","post","type-post","status-publish","format-standard","hentry","category-management","entry"],"_links":{"self":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/16938","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\/108094"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16938"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/16938\/revisions"}],"predecessor-version":[{"id":16948,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/16938\/revisions\/16948"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16938"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16938"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16938"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}