Title: Significance\/ Relationship of Shree Cement Ltd with Nifty<\/p>\n
Author: Sony Rajesh Mourya<\/p>\n
Introduction:
\nShree Cement Ltd. is a leading cement manufacturer in India, headquartered in Kolkata. The company was founded in 1979 by the Bangur family and has since grown to become one of the largest cement producers in the country. Shree Cement is known for its innovative and sustainable manufacturing practices, which have earned it numerous accolades and awards.<\/p>\n
Objectives:
\nCalculation of Beta of Shree Cement Ltd<\/p>\n
Literature review:
\nSince the Real Estate Companies, housing and Building agencies wholly depend on the Cement Industry there is a vital contribution by the Cement Industry to the Indian Economy [Muthusamy & Karthika, 2019]<\/p>\n
Shree cement company liquidity position is good; they need to maintain the same level. Other companies are having problems in liquidity position. They want to concentrate in liquidity position; it will help them to meet the day to day operations of the companies [Sasikala & Balakrishnan, 2015]<\/p>\n
Data Collection:
\nData was collected from Yahoo finance sites. The data was manipulated by the final closing, where the weekly return of Nifty is Y and the weekly return for the company is X. <\/p>\n
Data Analysis:
\nY^=0.25+1.23
\nShree cement return= 0.25
\nNifty return = 1.23, (t-stat = 4.27)
\nN = 51, R2 = 0.27, F = 18.24, Significance = 0.0000889<\/p>\n
Conclusion:
\nThe above equation shows the relationship between Y and X. Positive sign means there is a direct relationship, which means X and Y are both rising simultaneously. Figure in the bracket is T-stats for b it is more than the table value. R2 is 27% of Y is explained by X. F is 18.24. The beta is 1.23 which means it is more than one and is good for short term investment.<\/p>\n
Reference:
\nMuthusamy A., Karthika S., 2019. \u201cFinancial performance of selected cement companies in India\u201d, International Journal of Research in Commerce & Management, Volume no. 10 (2019), Issue no. 09 (September).<\/p>\n
R. Sasikala and K.P. Balakrishnan, 2015. \u201cProblems and Prospects of Selected Cement Companies in India\u201d, Journal of Academia and Industrial Research (JAIR), Volume 4.
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