TITLE \u2013 Relationship of Savita Oil technologies with NIFTY<\/p>\n
AUTHOR- SulaimaKhatun Siddiqui<\/p>\n
INTRODUCTION – Savita Oil Technologies Limited (formerly known as Savita Chemical) is an Indian automotive, industrial lubricant and petroleum specialty oils production company with its headquarters at Mumbai, Maharashtra. It has primarily engaged in manufacturing of petroleum specialties such as transformer oils, liquid paraffin and white oils, petroleum jellies, synthetic petroleum sulfonates and other specialties. <\/p>\n
OBJECTIVE \u2013 To calculate beta of Savita Oil Technologies Ltd With NIFTY
\nLITERATURE REVIEW \u2013
\n1.Savsol automotive engine oils and lubricants relaunched in India with revised positioning
\nSavita Oil Technologies Limited is an Indian brand that has its presence in wind energy, automotive and industrial lubricants and petroleum products with diverse applications. The company has launched the Savsol lubricant brand with a revised position to attract the millennial consumers and mechanics, states the company. Savsol lubricants claims to increase fuel efficiency to ensure maximum engine performance with minimal or mitigated emissions.
\n2.Savita has fundamentals edge
\nSavita Chemicals Ltd (SCL) specialises in the manufacture of petroleum-based products and operating of wind power plants.
\nBusiness: SCL, known for its petroleum-based products, has manufacturing plants located at Navi Mumbai, Mahad and Silvassa. Its leading products can be classified as transformer oils, white oil, lubricants and other specialty oils including liquid paraffin, cable filling compound, emulsifiable polyethylene wax, optic fibre cable filling compound, pour point depressants, petroleum sulfonates, waxes and specialty wax emulsion for leather finishing, water based paints, and printing inks.<\/p>\n
DATA COLLECTION \u2013 The data was collected from yahoo finance site from 1st April 2022 to 31st March 2023
\nDATA ANALYSIS-
\nSavita Oil Technologies Ltd Returns = 0.474224 + 1.168077 (NIFTY Return)
\nN \u2013 50
\nR Square- 0.170484
\nF \u2013 9.865057
\nSignificance \u2013 0.002882643<\/p>\n
CONCLUSION \u2013 The 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 17% Y is explained by X is 0.47422 The beta is 1.16 which means it is more than one is good for short team investment<\/p>\n
REFERENCES-
\n1. Chatterjee, Aditya (18 May 2018). “SAVSOL Automotive Engine Oils And Lubricants Relaunched In India With Revised Positioning”.
\n2. Jauharri, Ujjval (25 August 2008). “Savita has fundamentals edge”. Daily News and Analysis<\/p>\n","protected":false},"excerpt":{"rendered":"
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