1.\tTITLE: Calculation Of Beta Of MRF Tyres And Its Significant.<\/p>\n
2.\tAUTHOR: Mahima Upadhyay<\/p>\n
3.\tINTRODUCTION: Madras Rubber Factory, commonly known as MRF or MRF Tyres, is an Indian multinational tyre manufacturing company and the largest manufacturer of tyres in India. Tyres manufactures various tyres for passenger cars, two\u2013wheelers, trucks, buses, tractors, light commercial vehicles, off\u2013the\u2013road tyres and aero plane tyres,[2] MRF ZVTS[7] and MRF Wanderers for cars and SUVs, MRF Meteor all terrain tyres, MRF Steel Muscle for trucks and buses.<\/p>\n
4.\tOBJECTIVES: Calculation of Beta of MRF Tyres and Its Significant.<\/p>\n
\u2022\tLITERATURE REVIEW: 1. The origin of Indian tyre industry dates back to 1926 when Dunlop Rubber Limited set up the first tyre company in West Bengal. MRF followed the suit in 1946. Since then Indian tyre industry has grown rapidly. The Indian tyre industry produces the complete range of tyres required by the Indian automotive industry. Today domestic producers of tyres produce tyres for trucks, jeeps, light trucks, tractors, animal drawn vehicles, scooters, motorcycles, bicycles, and off the road vehicle and special vehicles. <\/p>\n
2. Cartel agreements are globally recognised as a heinous and harmful form of anti-competitive behaviour as they are a pefect violation of the principle of competition. The prominent economist Adam Smith, termed them as’ conspiracies against the public \u2018in his famous work, The Wealth of Nations. Hence, this market menace that acts as a hindrance to the free and fair market is penalised dui throughout the world. This article attempts to analyse the position of cartels under the competition laws of India, through relevant statutory provisions and with reference to the recent case All India Tyre Dealer’s Federation v Tyre Manufacturers’. It tries to understand the scope of Indian anti-trust provisions on this issue. Moreover, this paper also studies the naive but recommendable effort of the Competition Commission of India in dealing with cartel abuses through the recent judgement and reviews the evolving nature of evidence required.<\/p>\n
\u2022\tDATA COLLECTION: The closing price data of Nifty50 and MRF TYRES Limited was taken from www.nseindia.com (National Stock Exchange) for the time period 1ST APRIL 2021 to 31ST MARCH 2022.From the available data, the closing rates of all the Fridays in the year was sorted to find out weekly returns for both Nifty as well as MRF TYRES Limited then the weekly returns were calculated for both by using formula \u2013
\nWeekly return = (C3-C2)\/C2 *(100)
\nWhere C3 represent week closing price and C2 is previous week closing price.
\nOnce the data is calculated, weekly return column for NIFTY50 is considered as \u201cX\u201d variable and the weekly returns column for MRF TYRES Limited is considered as \u201cY\u201d variable.<\/p>\n
The Model and formulas used are:-
\nY = a +bX
\nX \u0305 =\u2211X\/N
\nY \u0305=\u2211Y\/N
\nx = X \u2013 X \u0305
\ny = Y \u2013 Y \u0305
\nb=\u2211 xy \/\u2211(x)^2
\na= Y \u0305- bX \u0305
\ne = Y \u2013 Y \u0305
\nVariance of error= (\u03c3e)^2 =\u2211e^2\/N-K
\nS.E of b = \u221a ((\u03c3e) ^2 \/\u2211x^2)
\nt stat of b = b\/ S.E of b
\nTSS=ESS+RSS
\nESS = (b^2)*(\u2211x^2)
\nRSS = \u2211e^2
\nR^2 = ESS\/TSS
\nF = Mean ESS\/Mean RSS<\/p>\n
\u2022\tDATA ANALYSIS: Utilizing the Regression Add-on in Microsoft Excel Data Analytics tool below values were acquired
\nY=0.56226+0.6998 nifty
\nMRF Return=0.56226+0.6998 *(nifty50 returns)
\n\t\t\t\t\t\t(3.00)
\nN= 51 R2=0.1552 And F=9.005
\nSignificance value=0.0042
\n\u2022\tCONCLUSION:
\nAs beta is less than 1,MRF is good for long term investment<\/p>\n
\u2022\tREFERENCE: 1. A study of tubeless tyres with special reference to passenger car radial tyres Renu Verma.Indian Journal of Marketing 37 (6), 2007ndianjournalofmarketing.co<\/p>\n
2. A Study on Cartelisation with Reference to the Case-‘All India Tyre Dealer’s Federation v Tyre Manufacturers’
\nCK Shahala,Jus Corpus LJ 2, 513, 2021
\nhttps:\/\/heinonline.org\/hol-cgi-bin\/get_pdf.cgi?handle=hein.journals\/juscrp2§ion=557.<\/p>\n","protected":false},"excerpt":{"rendered":"
1. TITLE: Calculation Of Beta Of MRF Tyres And Its Significant. 2. AUTHOR: Mahima Upadhyay 3. INTRODUCTION: Madras Rubber Factory, commonly known as MRF or MRF Tyres, is an Indian multinational tyre manufacturing company and the largest manufacturer of tyres in India. Tyres manufactures various tyres for passenger cars, two\u2013wheelers, trucks, buses, tractors, light commercial… Continue reading Calculation Of Beta Of MRF Tyres And Its Significant.<\/span><\/a><\/p>\n","protected":false},"author":112318,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-17484","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/17484","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\/112318"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17484"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/17484\/revisions"}],"predecessor-version":[{"id":17495,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/17484\/revisions\/17495"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17484"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17484"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17484"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}