Title: Relationship of Emami Limited with Nifty
\nBy Ekta Buchala<\/p>\n
Introduction:
\nEmami Group is an Indian multinational company headquartered in Kolkata, India. This group trades with their tag name Himani. The company has seven manufacturing units across India and one overseas unit. The company caters to a number of niche categories in the personal care and healthcare segments. The company’s products are sold across 60+ nations and are available in 4.5 million retail outlets across India.
\nObjective: Calculation of beta of Emami and significance
\nLiterature Review:
\n1.International Trade
\nThis paper presents a trade model with capital and labour as factors of production. The main contribution of this paper is that it considers a new type of firm heterogeneity, which is empirically relevant: firms in this paper differ with respect to their factor shares in production. Therefore, this paper addresses the following four empirical facts on globalization, firms\u2019 factor shares and factor prices: (1) firms within narrowly defined industries exhibit a large degree of heterogeneity in factor shares in production; (2) exporters are, on average, more capital intensive than non\u2014exporters; (3) globalization decreases labour\u2019s share in national income; (iv) the larger the share of exporters in the industry, the larger the increase in the industry\u2019s wages due to globalization.( Julian Emami, 2009)
\n2.New mathematical model
\nIn today’s competitive market, companies are trying to create distribution centres in different areas to attract more market. Given that the rival companies in that areas have a share of market, it will be important to establish these centres in different locations. The purpose of this article, is to get more distribution centres to attract new retailers, despite the competitive nature of the market, therefore a mathematical model, with two objective functions of maximising the market capture and the other minimising the sum of the cost of waiting and the travel time or distance of customers, the fixed purchasing costs and ordering costs is presented. Finally, objective functions of the considered model became an objective function using goal programming, Due to the complexity of the model and the lack of accurate and appropriate algorithms to solve them, using meta-heuristic algorithms such as tabu search algorithm, suitable locations for these centres are obtained. (Behrooz Emami and etal ,2014)
\nData Collection:
\nData was collected from Yahoo Finance website from 1st April 2022 to 31st March 2023.Then data was manipulated from Friday closing price. We found the weekly returns, Weekly returns of Nifty Fifty which is x and weekly return of Emami is Y.
\nData Analysis:
\nN= 51
\nR2 = 0.600313
\nF= 73.59589
\nSignificance = 2.52394E-11
\nEmami Return(Y) = 23.60607
\nNifty return (X) = 0.018533
\nT stats for BETA = 8.578805
\nConclusion: The above equation shows the relationship between X and Y. There is positive sign which means there is direct relationship and, if X rises Y also rises. From the above equation we get Beta-0.018533, which Beta is less than 1. Hence, it is good for long term investment.
\n Reference:
\nJulian Emami Namini, 2009. “International Trade with Firm Heterogeneity in Factor Shares,” Tinbergen Institute Discussion Papers 09-020\/1, Tinbergen Institute.
\nS. Behrooz Emami & M. Ghandehari & S. Mojtaba c, 2014. “A new mathematical model for locating distribution centres for attracting more retailers,” International Journal of Productivity and Quality Management, Inder science Enterprises Ltd, vol. 14(2), pages 166-178.<\/p>\n","protected":false},"excerpt":{"rendered":"
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