Title \u2013 Significance\/ relationship of Bajaj Electricals Ltd with Nifty<\/p>\n
Author \u2013 Bhavika Sudhakarbabu Marupuri<\/p>\n
Introduction
\nBajaj Electricals Ltd is an Indian consumer electrical equipment manufacturing company based in Mumbai, Maharashtra. Bajaj Electricals was incorporated on 14 July 1938 as Radio Lamp Works Limited under the Indian Company Act, 1913 as a Public company limited. It is a part of the Rs380 billion Bajaj group. It has diversified with interests in lighting, luminaries, appliances, fans, LPG based generators, engineering and projects.<\/p>\n
Objective
\nCalculation of Beta of Bajaj Electricals Ltd<\/p>\n
Literature Review
\nBajaj Electricals, the Electrical appliances maker is looking for an opportunity in the solar sector and plans to get into commercial manufacturing of solar cells. The company is also interested in bidding for distribution franchisee licenses. The company said it intends to become a \u2018full-fledged utility company\u2019 and plans to enter into the renewable energy space while considering manufacturing solar cell. The company is also looking for acquisitions.<\/p>\n
Bajaj Electricals Limited, a globally renowned and trusted company with a turnover of INR 4,813 crores (FY 21-22), is a part of India’s leading business conglomerate the Bajaj Group. Its business portfolio spans Consumer Products (Appliances, Fans, Cookware), Lighting (Consumer and Professional Lighting), and EPC (Power Transmission and Distribution). Bajaj Electricals is a front-runner in the industry with its key brand offerings comprising BAJAJ, Morphy Richards, and Nirlep. The company has an expansive network of 18 branch offices, 600+ distributors, and more than 2.3 lakh retail outlets across India, combined with over 500 consumer care centres, fortifying its dominant presence in the consumer products sector.<\/p>\n
Data Collection
\nData was collected from Yahoo finance site. The data was manipulated by final closing, where the weekly return of nifty is Y and weekly return of the company is X.<\/p>\n
Data Analysis
\n Y^ = 1.38+1
\nBajaj Electricals return \u2013 1.38
\nNifty return \u2013 1, (t-stat = 3.53)
\nN = 50, R2 = 1, F = 1.25, Significance = 0<\/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. R2 is 100% of Y is explained by X. F is 1.25. The beta is 1 which means the company is stable and is investable.<\/p>\n
Reference
\nGaurav Tikmani (24 January 2010). “Bajaj Electrical | India’s Cleantech Economy”. Indianenergytech.com. Archived from the original on 29 January 2011. Retrieved 28 January 2011.
\n“History of Bajaj Electricals”. Bajajelectricals.com. Retrieved 28 January 2011.<\/p>\n","protected":false},"excerpt":{"rendered":"
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