{"id":18387,"date":"2023-08-24T19:55:37","date_gmt":"2023-08-24T14:25:37","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=18387"},"modified":"2023-08-24T19:55:37","modified_gmt":"2023-08-24T14:25:37","slug":"relationship-of-vst-industry-with-nifty-50","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=18387","title":{"rendered":"Relationship of VST INDUSTRY with Nifty 50"},"content":{"rendered":"

Title: – Relationship of VST INDUSTRY with Nifty 50<\/strong><\/p>\n

Author: – <\/strong>Vaibhav Vijay Birajdar (MMS First Year, Roll no. 0222008)<\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0 Kohinoor Business School, Kurla.<\/p>\n

Introduction: <\/strong>VST Industries Ltd (the erstwhile Vazir Sultan Tobacco Company) was incorporated in November 10th, 1930 at Hyderabad, AP. The Company is an associate undertaking of British American Tobacco Plc., the global leader in cigarettes. It has 2 manufacturing facilities in Hyderabad and Toopran and 6 Regional offices in Hyderabad, Mumbai, Delhi, Kolkata, Chennai and Guwahati. It is presently engaged in manufacture and trading of Cigarettes, containing Tobacco and Tobacco products. In 1990, the company entered the United Arab Emirates market, launching Kingston Mini Kings. To develop the export business, it introduced fire-cured, light-soil Burley and other non-traditional varieties of tobacco, followed by another brand, Kingston Dual Filter, in 1991. In the same year, it was accorded the status of an export house. It also acquired an import license for two sophisticated high-speed precision Log Max cigarette manufacturing machines from France. The company also exports agricultural products.VSTs subsidiaries are Hallmark Tobacco Company Pvt Ltd, VST Distribution, Storage & Leasing Company Pvt Ltd (VDSL) and Tobacco Diversification Investments Pvt Ltd (TDIL). During the year 2004-05 Tobacco Diversification Investments Pvt Ltd amalgamated with VST Distribution, Storage & Leasing Company, which came into effect on 1st April 2004<\/p>\n

Objective: – <\/strong>To Calculate the Beta of VST INDUSTRY and find out its significance.<\/p>\n

Views and Reviews: –<\/strong><\/p>\n

    \n
  1. S. THIRUMALA, <\/strong>Non-Executive Director <\/strong>of VST INDUSTRY<\/strong>, Mr. Thirumalai is a Non-Executive Director on the Board of VST Industries Limited since 2019. Prior to this, he was the Independent Non-Executive Director of the Company. Mr. Thirumalai is a Member of the Audit, Stakeholders Relationship Committee and Corporate Social Responsibility Committees of the Company<\/li>\n<\/ol>\n

    \u00a0<\/strong><\/p>\n

    ADITYA GOOPTU, Managing Director & CEO<\/strong> -I am pleased to present an overview of our performance, strategic focus areas, and our vision for the future. The fiscal of 22-23 was characterised by significant cost pressures on raw materials as well as supply chain operations. We witnessed challenges in terms of volume and market share. However, your Company demonstrated resilience and delivered good financial performance with a 7.1% growth in revenue. Our net comprehensive income stood at an all-time high of ~ ` 328 Crores<\/p>\n

    \u00a0<\/p>\n

    Data Collections: – <\/strong>Data is taken from 01-06-2022 to 31-07-2023. It has been downloaded from the NSE site, then Friday’s closing price was sorted and weekly returns of Nifty (i.e. X) and VST INDUSTRY (i.e. Y) were calculated.<\/p>\n

    \u00a0<\/p>\n

    Data Analysis: –<\/strong> Equation \u201cY=0.5961-0.7206(X)\u201d<\/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 (tstat <\/sub>= 3.0717)<\/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 <\/strong>n = 50, R2 <\/sup>= 0.1643, F = 9.4356<\/p>\n

    The above equation shows the relationship between the closing price of Nifty 50 (x) and the closing price of VST INDUSTRY 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 0.7206, \u201cn\u201d means there are 50 observations, and figures in brackets are tstat<\/sub> for \u201cb\u201d, so \u201cb\u201d is not as Calculated tstat<\/sub> for b i.e. 3.0717 is higher than tabulated t(t0.5,49DF=1.677) so reject H0 and accept H1. R2<\/sup> is 0.1643 means 11.87% of y is explained by x. As the calculated value of F =9.4356 is more than the tabulated F (F 0.05,1DF,49DF) = 4.038, the overall model is statistically significant at the 5% level.<\/p>\n

    So overall the model is statistically significant at the 5% level.<\/p>\n

    Conclusion:<\/strong><\/p>\n

    If b<1, VST INDUSTRY share is good for long term investment.<\/p>\n

    \u00a0<\/p>\n

    References<\/h1>\n

    ANI. (2023). NewsVoir. ANI<\/em>, 2. Retrieved from hthttps:\/\/www.bseindia.com\/xml-data\/corpfiling\/AttachLive\/1ba46562-f9ea-49e8-aef3-be74646d2885.pdf<\/p>\n

    \u00a0<\/p>\n

    \u00a0<\/p>\n

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

    Title: – Relationship of VST INDUSTRY with Nifty 50 Author: – Vaibhav Vijay Birajdar (MMS First Year, Roll no. 0222008) \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0 Kohinoor Business School, Kurla. Introduction: VST Industries Ltd (the erstwhile Vazir Sultan Tobacco Company) was incorporated in November 10th, 1930 at Hyderabad, AP. The Company is an associate undertaking of British American Tobacco… Continue reading Relationship of VST INDUSTRY with Nifty 50<\/span><\/a><\/p>\n","protected":false},"author":138722,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-18387","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\/18387","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\/138722"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18387"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/18387\/revisions"}],"predecessor-version":[{"id":18388,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/18387\/revisions\/18388"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18387"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18387"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18387"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}