Autor: Narayan Agrawal
\nIntroduction: NTPC Limited, formerly known as National Thermal Power Corporation Limited, is an Indian central public sector undertaking under the ownership of the Ministry of Power, Government of India which is engaged in generation of electricity and allied activities. The headquarters of the PSU is situated at New Delhi. NTPC’s core function is the generation and distribution of electricity to State Electricity Boards in India. The body also undertakes consultancy and turnkey project contracts that involve engineering, project management, construction management, and operation and management of power plants.
\nThe PSU has also ventured into oil and gas exploration and coal mining. It is the largest power company in India with an electric power generating capacity of 67,907 MW. Although the company has approx. 16% of the total national capacity, it contributes to over 25% of total power generation due to its focus on operating its power plants at higher efficiency levels (approx. 80.2% against the national PLF rate of 64.5%). NTPC currently produces 25 billion units of electricity per month.
\nNTPC currently operates 55 power stations (24 Coal, 7 combined cycle gas\/liquid fuel, 2 Hydro, 1 Wind, and 11 solar projects). Further, it has 9 coal and 1 gas station, owned by joint ventures or subsidiaries.
\nIt was founded by Government of India in 1975, which now holds 51.1% of its equity shares (after divestment of its stake in 2004, 2010, 2013, 2014, 2016, & 2017)
\nIn May 2010, NTPC was conferred Maharana status by the Union Government of India, one of only four companies to be awarded this status. It is ranked 400th in the Forbes Global 2000 for 2016.
\nObjectives: To calculate the Beta and its Significance.
\nData Collection: – Data for Equity & Nifty has been downloaded from NSE site for the period from 01st Jan,2022 to 31st Dec 2022.The data was edited and manipulated to get Friday closing price, weekly returns were found out of Nifty was considered as\u201d X\u201d and weekly report of equity were considered as \u201cY\u201d.<\/p>\n
Data Analysis: – Demand Y= 0.570- -0.012 Nifty ret x+e
\n (t-stat= -0.355)
\n N=50, R^2= 0.002, F= 0.126
\n t-stat of b is shown in bracket is (-0.355).
\nThe P-value for this is 0.723 which is more than 0.01 meaning \u2018b\u2019 is not statistically significant at 1% level.
\n N = 50
\n R^2 = 0.002 which means 2% of Y is explained by X and balanced 98% is unexplained i.e., error.
\n F= 0.126
\nP value for this is 0.723 which is more than 0.01 which means that overall model is not statistically significant at 1% level.
\nThe above equation tells us about the relationship between Nifty and Equity returns. Negative (-) sign shows inverse relationship which means if market goes up share price goes up.<\/p>\n
Conclusion: – As Beta is more than 1 it is good for investment, if Beta is less than 1 it is not good for investment if Nifty rises. <\/p>\n
Report By: –
\nNarayan Agrawal
\nBatch: Financial Markets
\nRoll no: 021230022913<\/p>\n","protected":false},"excerpt":{"rendered":"
Autor: Narayan Agrawal Introduction: NTPC Limited, formerly known as National Thermal Power Corporation Limited, is an Indian central public sector undertaking under the ownership of the Ministry of Power, Government of India which is engaged in generation of electricity and allied activities. The headquarters of the PSU is situated at New Delhi. NTPC’s core function… Continue reading Relationship between Nifty 50 and NTPC Limited<\/span><\/a><\/p>\n","protected":false},"author":109561,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-16998","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\/16998","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\/109561"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16998"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/16998\/revisions"}],"predecessor-version":[{"id":17039,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/16998\/revisions\/17039"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16998"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16998"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16998"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}