{"id":18333,"date":"2023-08-24T19:55:53","date_gmt":"2023-08-24T14:25:53","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=18333"},"modified":"2023-08-24T19:55:53","modified_gmt":"2023-08-24T14:25:53","slug":"relationship-of-ramco-industries-ltd-with-nifty-50","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=18333","title":{"rendered":"Relationship of Ramco industries ltd. with Nifty 50"},"content":{"rendered":"

Relationship of Ramco industries ltd. with Nifty<\/strong><\/p>\n

Author:<\/u><\/strong> Rutuja Gholap<\/p>\n

\u00a0<\/p>\n

Introduction: <\/u><\/strong>Ramco Industries Ltd is a prominent Indian company with a rich history in the construction and building materials industry. Established in 1961, the company has grown to become a leading manufacturer of a diverse range of products, including asbestos cement sheets, fiber cement boards, and various other building materials. Ramco Industries has earned a reputation for its commitment to quality, innovation, and sustainability in the construction sector. With a strong presence in India and global markets, the company continues to play a significant role in shaping the infrastructure and construction landscape.<\/p>\n

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Objective: <\/u><\/strong>To calculate Beta value of Ramco industries Ltd and find out its significance.<\/p>\n

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Views and Reviews: <\/u>Prem Shanker, CEO of Ramco Industries<\/strong><\/p>\n

commented on the occasion, \u201cwe diversified into textiles and then moved into new-age building products,\u201d he says. \u201cWe also set up a services arm called SmartBuild to execute turnkey projects using our products.\u201d<\/p>\n

Today Ramco \u2013 a part of the US billion-dollar Ramco Group conglomerate \u2013 is known for something a world away from its original operations. \u201cWe are a one-stop shop for green dry construction, or environmentally friendly building materials that are made in the factory and assembled on-site,\u201d he says.<\/p>\n

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Data Collection: <\/u><\/strong>Data for the period has been downloaded from this site. Then Friday closing data were find out, weekly returns of Nifty is \u2018X\u2019 and weekly returns of Company is \u2018Y\u2019.<\/p>\n

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Data analysis: <\/u><\/strong>Equation \u201cY=-1.96-0.00011(X)\u201d<\/p>\n

\u00a0<\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (tstat = -2.981)<\/p>\n

\u00a0<\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 n = 50, R^2 = 0.1562, F = 8.8901<\/p>\n

The above equation shows the relationship between the closing price of Nifty 50 (x) and the closing price of Ramco Industries Ltd (y) the negative sign means a negative relationship meaning if \u201cx\u201d rises \u201cy\u201d falls and vice versa. If \u201cx\u201d rises by 1 unit, \u201cy\u201d falls by 0.00011 units, \u201cn\u201d means there are 50 observations, and figures in brackets are tstat for \u201cb\u201d, so \u201cb\u201d is not as Calculated tstat for b i.e. -2.981 is lower than tabulated t(t0.5,49DF=2.013) so accept H0 and reject H1. R2 is 0.156 means 15.6% of y is explained by x. As the calculated value of F =8.8901 is more than the tabulated F (F 0.05,1DF,49DF) = 4.110, the overall model is statistically significant at the 5% level.<\/p>\n

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Conclusion: <\/u><\/strong>\u00a0In this, b<1, which is -0.871, we can say the share is good for long term.<\/p>\n

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References<\/u><\/strong><\/p>\n

https:\/\/www.theceomagazine.com\/executive-interviews\/construction-trades\/prem-shanker-2\/<\/p>\n","protected":false},"excerpt":{"rendered":"

Relationship of Ramco industries ltd. with Nifty Author: Rutuja Gholap \u00a0 Introduction: Ramco Industries Ltd is a prominent Indian company with a rich history in the construction and building materials industry. Established in 1961, the company has grown to become a leading manufacturer of a diverse range of products, including asbestos cement sheets, fiber cement… Continue reading Relationship of Ramco industries ltd. with Nifty 50<\/span><\/a><\/p>\n","protected":false},"author":136680,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-18333","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\/18333","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\/136680"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18333"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/18333\/revisions"}],"predecessor-version":[{"id":18334,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/18333\/revisions\/18334"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18333"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}