{"id":18343,"date":"2023-08-24T19:55:53","date_gmt":"2023-08-24T14:25:53","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=18343"},"modified":"2023-08-24T19:55:53","modified_gmt":"2023-08-24T14:25:53","slug":"relationship-of-vaishali-pharma-ltd-with-nifty","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=18343","title":{"rendered":"Relationship of Vaishali pharma ltd with Nifty"},"content":{"rendered":"

Relationship of Vaishali pharma ltd with Nifty<\/strong><\/p>\n

Author:<\/u><\/strong> Vishwas Jadhav<\/p>\n

\u00a0<\/p>\n

Introduction: <\/u><\/strong>Vaishali Pharma Ltd is a pharmaceutical company based in India. They are involved in the manufacturing and distribution of pharmaceutical products, including generic medicines and other healthcare-related products.<\/p>\n

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

Views and Reviews: <\/u>Atul Vasani, Managing Director, Vaishali Pharma<\/strong><\/p>\n

commented on the occasion, when Vaishali Pharma Receives Rs 600 Cr Order from Overseas Buyers, \u201cWe are happy to share the news of receiving this valuable order, This order is subject to initial advance payment as per the agreed terms of the contract and this order will be executed within 6 to 8 months. As per our Company\u2019s policy we have done the Due diligence and respective contracts with the overseas Company. We have discussed various prospects with the company for the long term relations and also we look forward to achieve more orders from them.\u201d<\/p>\n

\u00a0<\/p>\n

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

Data analysis: <\/u><\/strong>Equation \u201cY=-1.07-0.212(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 = 0.304)<\/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 = 0.0019, F = 0.0928<\/p>\n

The above equation shows the relationship between the closing price of Nifty 50 (x) and the closing price of Vaishali Pharma 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 0.212 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. 0.304 is lower than tabulated t(t0.5,49DF=2.013) so accept H0 and reject H1. R2 is 0.0019 means 0.1% of y is explained by x. As the calculated value of F = 0.092 is less than the tabulated F (F 0.05,1DF,49DF) = 3.982, the overall model is not statistically significant at the 5% level.<\/p>\n

\u00a0<\/p>\n

Conclusion: <\/u><\/strong>\u00a0In this, b<1, which is 0.212, we can say the share is good for long term.<\/p>\n

\u00a0<\/p>\n

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

https:\/\/www.thehindubusinessline.com\/companies\/vaishali-pharma-bags-orders-worth-rs-600-crore-for-purchase-of-antibiotic-products\/article66563361.ece<\/p>\n","protected":false},"excerpt":{"rendered":"

Relationship of Vaishali pharma ltd with Nifty Author: Vishwas Jadhav \u00a0 Introduction: Vaishali Pharma Ltd is a pharmaceutical company based in India. They are involved in the manufacturing and distribution of pharmaceutical products, including generic medicines and other healthcare-related products. Objective: To calculate Beta value of Ramco industries Ltd and find out its significance. Views… Continue reading Relationship of Vaishali pharma ltd with Nifty<\/span><\/a><\/p>\n","protected":false},"author":138663,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-18343","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\/18343","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\/138663"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18343"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/18343\/revisions"}],"predecessor-version":[{"id":18344,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/18343\/revisions\/18344"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18343"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}