{"id":18365,"date":"2023-08-24T19:54:37","date_gmt":"2023-08-24T14:24:37","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=18365"},"modified":"2023-08-24T19:54:37","modified_gmt":"2023-08-24T14:24:37","slug":"relationship-of-adani-green-energy-limited-with-nifty-50","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=18365","title":{"rendered":"Relationship of Adani Green Energy Limited with Nifty 50"},"content":{"rendered":"

Relationship of Adani Green Energy with Nifty<\/span><\/span><\/p>\n

\u00a0<\/p>\n

\u00a0<\/p>\n

\u00a0<\/p>\n

Author-<\/span><\/span> Aabha Deshpande<\/span><\/span><\/p>\n

Introduction-<\/span><\/span><\/p>\n

Adani Green Energy Limited (AGEL) is one of the largest renewable company in India, with current project portfolio of 20,434 MW. AGEL is part of Adani Group\u2019s promise to provide a better, greener and cleaner India. The group\u2019s philosophy of Growth with Goodness, the company develops, builds, owns, operates and maintain utility scale grid connected solar and wind farm projects. The electricity generated is supplied to Central and State Government backed companies. <\/span><\/span><\/p>\n

Objective-<\/span><\/span> TO calculate beta of AGEL and find out its significance.<\/span><\/span><\/p>\n

Views and Reviews- <\/span><\/span><\/p>\n

Chairman\u2019s view<\/span><\/span>, <\/span><\/span>Mr. Gautam Adani-<\/span><\/span> Our in-house technology and robust experience in solar and wind sectors is yielding rich dividends and translating into some of the best efficiencies across the industry. <\/span><\/span><\/p>\n

Chief<\/span><\/span> Executive Officer\u2019s view<\/span><\/span>, <\/span><\/span>Mr. Amit Singh-<\/span><\/span> AGEL is the largest renewable power producer in India and the company is committed to lead adoption of affordable and clean energy in the country. <\/span><\/span><\/p>\n

Data Analysis-<\/span><\/span><\/p>\n

Y^=0.416727+1.112X<\/span><\/span><\/p>\n

N=50, t-stat-1.847, R square- 0.005914, F value- 0.285539<\/span><\/span><\/p>\n

The above equation depicts the relationship between AGEL and Nifty. The positive sign means that they are positively related, if Nifty increases AGEL will also increase. If Nifty increases by 1 unit, Adani will increase by 1.11 units. <\/span><\/span><\/p>\n

F value is <\/span><\/span>0.285539 which is lesser than tabulated value so the model is insignificant at 5% significance level. <\/span><\/span><\/p>\n

Conclusion- <\/span><\/span><\/p>\n

As beta is 1.112013, which is more than 1, the share is good for short-term investment. <\/span><\/span><\/p>\n

\u00a0<\/p>\n

\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Relationship of Adani Green Energy with Nifty \u00a0 \u00a0 \u00a0 Author- Aabha Deshpande Introduction- Adani Green Energy Limited (AGEL) is one of the largest renewable company in India, with current project portfolio of 20,434 MW. AGEL is part of Adani Group\u2019s promise to provide a better, greener and cleaner India. The group\u2019s philosophy of Growth… Continue reading Relationship of Adani Green Energy Limited with Nifty 50<\/span><\/a><\/p>\n","protected":false},"author":138730,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[1788],"class_list":["post-18365","post","type-post","status-publish","format-standard","hentry","category-investing","tag-kohinoor-business-school","entry"],"_links":{"self":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/18365","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\/138730"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18365"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/18365\/revisions"}],"predecessor-version":[{"id":18366,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/18365\/revisions\/18366"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18365"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}