Submitted by- Devesh Hole
\nRoll no. 021230022796 (IFM BATCH)<\/p>\n
Introduction-
\nDr. Reddy’s Laboratories is an Indian multinational pharmaceutical company based in Hyderabad. The company was founded by Kallam Anji Reddy, who previously worked in the mentor institute Indian Drugs and Pharmaceuticals Limited.[2] Dr. Reddy’s manufactures and markets a wide range of pharmaceuticals in India and overseas. The company has over 190 medications, 60 active pharmaceutical ingredients (APIs) for drug manufacture, diagnostic kits, critical care, and biotechnology.
\nData Collection
\nData collection for the period starting from 1st January 2022 to 31st December 2022 has been downloaded from nse.com. Then Friday weekly Closing Prices have been calculated.
\nAnd weekly data of equity share of the chosen company has been regressed on weekly report of NIFTY50.<\/p>\n
Data Analysis-
\nRegression Equation that was formed after the calculations is-<\/p>\n
NIFTY 50 (Y) = -0.16615 +0.114055+error
\n B(T Stat) = -0.24712
\nN= 49, R2=0.001271, F= 0.061068, P Value =0.80587<\/p>\n
Interpretation-<\/p>\n
The equation mentioned above tells us about the relationship between Nifty50(x) value and Dr.Reddy\u2019s Lab ltd (y) stock prices. The positive sign of coefficient x variable= -0.06485
\nstates that there is a direct relation between nifty 50 and Dr.Reddy\u2019s Lab. The correlation coefficient is -0.09401.
\nIf the nifty 50 increase by 1 unit, the Dr.Reddy\u2019s Lab stock will increase by 0.114055, directly related to each other
\nIn these analysis t – stat of B is -0.24711 at 49 observations<\/p>\n
P value is 0.805870, which is More than 0.05, means that b is in statistically insignificant at 5%. Even it is more than 0.01, b is insignificant at 1% level.
\nR2 = 0.001271, which means that .127% of Y (Dr.Reddy\u2019s Lab) is explained by X (NIFTY), balance of 99.872% is error. Error is due to the variables which are not in the model.<\/p>\n
F is 0.061068, the P value for which is 0.2083> 0.01, means overall the model is insignificant.<\/p>\n
Conclusion-
\nThe above equation tells us about the relationship between Dr.Reddy\u2019s Lab Ltd.
\nEquity (y) and Nifty 50 (x). The positive sign means there is a direct relationship between them,
\nwhich means if Nifty 50 increases, then the equity price of Dr.Reddy\u2019s Lab ltd. will also increase
\nP VALUE is more than 0.01 which is overall model is insignificant.<\/p>\n","protected":false},"excerpt":{"rendered":"
Submitted by- Devesh Hole Roll no. 021230022796 (IFM BATCH) Introduction- Dr. Reddy’s Laboratories is an Indian multinational pharmaceutical company based in Hyderabad. The company was founded by Kallam Anji Reddy, who previously worked in the mentor institute Indian Drugs and Pharmaceuticals Limited.[2] Dr. Reddy’s manufactures and markets a wide range of pharmaceuticals in India and… Continue reading Calculation of Beta for Dr Reddy\u2019s Laboratories and Its Significance<\/span><\/a><\/p>\n","protected":false},"author":109495,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-17054","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/17054","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\/109495"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17054"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/17054\/revisions"}],"predecessor-version":[{"id":17063,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/17054\/revisions\/17063"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17054"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17054"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17054"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}