{"id":18407,"date":"2023-08-24T19:55:37","date_gmt":"2023-08-24T14:25:37","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=18407"},"modified":"2023-08-24T19:55:37","modified_gmt":"2023-08-24T14:25:37","slug":"relationship-of-poonawalla-fincorp-limited-with-nifty-50","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=18407","title":{"rendered":"Relationship of POONAWALLA FINCORP LIMITED with Nifty 50"},"content":{"rendered":"

Relationship of POONAWALLA FINCORP LIMITED with Nifty 50<\/strong><\/p>\n

Author :<\/strong> Pooja Negi<\/p>\n

\u00a0<\/p>\n

Introduction: <\/strong>Poonawalla FinCorp Ltd is a financial services company that operates in the lending and financial solutions sector. Established by the Poonawalla Group, a prominent Indian business conglomerate, Poonawalla FinCorp offers a range of financial products and services to cater to the diverse needs of individuals, businesses, and institutions.<\/p>\n

With a focus on providing innovative and customer-centric financial solutions, Poonawalla FinCorp aims to empower its customers with convenient access to credit and other financial tools. The company’s offerings may include personal loans, business loans, microfinance, wealth management, insurance products, and more.<\/p>\n

Objective: \u2013<\/strong> To Calculate the Beta of Jubilant Foodworks and find out its significance.<\/p>\n

Views and Reviews:<\/strong> \u2013 Adar Poonawala, Chairman of Poonawala Fincorp LTD<\/strong><\/p>\n

Commented on the occasion when Poonawalla Fincorp well capitalised to touch Rs 50,000 cr AUM in 5 years “Going forward, we will only focus on organic growth in our current and proposed line of business. We will continue to build a strong retail franchise in consumer and MSME financing. We are already doing Rs.1,200 crore of organic business per month,”<\/p>\n

Data Collections<\/strong>: \u2013 Data is taken from 01-06-2022 to 31-07-2023. It has been downloaded from the NSE site, then Friday\u2019s closing price was sorted and weekly returns of Nifty (i.e. X) and Poonawalla FinCorp Ltd (i.e. Y) were calculated.<\/p>\n

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Data Analysis:<\/strong> \u2013 Equation<\/strong> \u201cY=-0.24415+1.3466(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 = 4.4361)<\/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\u00a0n = 50, R2 = 0.29077, F = 19.679<\/p>\n

\u00a0<\/p>\n

The above equation shows the relationship between the closing price of Nifty 50 (x) and the closing price of Poonawalla FinCorp 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 1.3466 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. 4.436 is higher than tabulated t(t0.5,49DF=1.645) so reject H0 and accept H1. R2 is 0.2907 means 29% of y is explained by x. As the calculated value of F =19.6796 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

\u00a0<\/p>\n

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

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

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

If b>1, Jubilant Foodworks share is good for short term investment.<\/p>\n

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

https:\/\/economictimes.indiatimes.com\/industry\/banking\/finance\/banking\/poonawalla-fincorp-well-capitalised-to-touch-rs-50000-cr-aum-in-5-years\/articleshow\/96552056.cms<\/p>\n

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

Relationship of POONAWALLA FINCORP LIMITED with Nifty 50 Author : Pooja Negi \u00a0 Introduction: Poonawalla FinCorp Ltd is a financial services company that operates in the lending and financial solutions sector. Established by the Poonawalla Group, a prominent Indian business conglomerate, Poonawalla FinCorp offers a range of financial products and services to cater to the… Continue reading Relationship of POONAWALLA FINCORP LIMITED with Nifty 50<\/span><\/a><\/p>\n","protected":false},"author":138719,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-18407","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\/18407","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\/138719"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18407"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/18407\/revisions"}],"predecessor-version":[{"id":18408,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/18407\/revisions\/18408"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18407"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18407"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}