REPORT<\/p>\n
TITLE: Relationship Of Raymond With NIFTY-50<\/p>\n
AUTHOR: Radha Sunil Shinde<\/p>\n
INTRODUCTION:
\nRaymond is a diversified group Incorporated in 1925, with majority business interests in Textile & Apparel sectors and a presence across varying segments such as Consumer Care, Realty and Engineering in national and international markets. Raymond is also the top producer & preferred supplier of high quality Ring Denim to leading global Denim brands. The share price of any stocks is volatile and keeps changing throughout the day owing to different factors. Raymond share price is \u20b91,302.00 as of 12 Apr ’23.<\/p>\n
OBJECTIVE: Calculation Of Beta Of \u201cRaymond company\u201d And its Significance<\/p>\n
LITERATURE REVIEW:
\n1. Factors affecting shopping of apparels in organised retail stores
\nThis paper analyses the developments in apparel retailing in India .The textiles sector, with companies such as Bombay Dyeing, Raymond, S. Kumar’s and Grasim, was the first to see the emergence of retail stores. The essential contribution of this paper is to understand the factors affecting shopping of apparels in organised retail stores. The study raises the question that to get success in the Indian retail environment
\n( Rishi, 2011)<\/p>\n
2. Speed of Price Adjustment in Indian Stock Market: A Paradox
\nThis study uses the daily price data of Nifty index and the individual stock prices of the fifty constituent stocks of this index. They run their analysis for two different time periods. Both the time periods exhibit a similar finding. This paper compares how fast the information and news flows are incorporated into the stock index and prices of its constituent stocks(Kayal et al (2018)<\/p>\n
DATA COLLECTION :
\nIn this data collection part, we have downloaded the data of \u201cRAYMOND\u201d and Nifty-50 dated from 1st April 2022 to 31st march 2023 from the official website of yahoo finance.it also manipulated by finding the Friday closing price. After that weekly returns for nifty-50 and Raymond is calculated which is written as X and Y. by doing regression through data analysis.<\/p>\n
DATA ANALYSIS:
\nRegression model for data is,
\nRaymond weekly returns=1.135+(-0.520)*Nifty Weekly Returns
\n(t-stat)= -0.914
\nN= 50
\nR^2= 0.017
\nF= 0.836
\nSignificance= 0.364
\nThe above equation shows the relationship between X and Y (As b is negative) means there is inverse relationship which implies that if X rises then Y will decrease and vice versa. In this equation b=(-0.520)
\nThat is if X rises by 1 unit Y will decrease by (-0.520) unit. t-stat for b is lower than critical value. Hence b is statistically significant at 5% level of significance.
\nR^2 = 0.017 which means only 1% of Y i.e. RAYMOND company weekly returns is explained by X i.e. Nifty Returns
\nSimilarly F=0.836 which is lower than table value and hence overall model is statistically significant at 5% significance level.<\/p>\n
CONCLUSION:
\nSince it can be seen that value of beta (b) is less than 1 which implies that \u201cRaymond\u201d company is good for long term investment. <\/p>\n
REFERENCE
\n1.Rishi, Bikramjit (2011). “Factors affecting shopping of apparels in organised retail stores,” International Journal of Business Innovation and Research, vol.5,no.5, Inderscience Enterprises Ltd, 2011,<\/p>\n
2.Kayal, Parthajit (2020). “Speed of Price Adjustment in Indian Stock Market: A Paradox,” Asia-Pacific Financial Markets, Springer;Japanese Association of Financial Economics and Engineering, vol. 27, no.4, December 2020, Japan,<\/p>\n","protected":false},"excerpt":{"rendered":"
REPORT TITLE: Relationship Of Raymond With NIFTY-50 AUTHOR: Radha Sunil Shinde INTRODUCTION: Raymond is a diversified group Incorporated in 1925, with majority business interests in Textile & Apparel sectors and a presence across varying segments such as Consumer Care, Realty and Engineering in national and international markets. Raymond is also the top producer & preferred… Continue reading RELATIONSHIP OF RAYMOND WITH NIFTY50<\/span><\/a><\/p>\n","protected":false},"author":112003,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-17467","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\/17467","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\/112003"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17467"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/17467\/revisions"}],"predecessor-version":[{"id":17512,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/17467\/revisions\/17512"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17467"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}