Relationship of Vadilal industries Ltd With Nifty 50<\/p>\n
Author Name : Vivek Sanap<\/p>\n
Introduction: Vadilal Industries Ltd is an Indian ice cream and flavoured milk manufacturer founded in 1907. Headquarter of Vadilal in Ahmedabad, Gujrat. In 1907, Vadilal made its first ice cream using a hand-cranked machine called a kothi. Later, in 1926, Vadilal introduced its parlors and started offering home delivery. As time passed, the brand became more and more popular, and by the end of 1985, it had established a strong market presence across the country.<\/p>\n
Vadilal produces ice cream in a variety of forms, including cones, candies, bars, ice-lollies, cups, family packs, and economy packs, with numerous flavor options. Along with being available at supermarkets, Vadilal also has a retail presence via its franchise-based Happinnezz ice-cream parlors. It\u2019s worth noting that all Vadilal products are vegetarian and free of eggs.<\/p>\n
Objective: To calculate beta of vadilal industries ltd. and observe its significance.<\/p>\n
Views: At Vadilal Industires Ltd we are guided in our work and our interactions with others by core principles our values. Everything we do is guided by a set of principles that define our character and culture, they have been at the core of Vadilal since its inception.<\/p>\n
Data collection : Data is taken from 01-06-2022 to 31-07-2023. downloaded from NSE site then Friday\u2019s closing were find out then weekly return of Nifty (i.e.X) & weekly return of Vadilal industries Ltd (i.e. Y)<\/p>\n
Data Analysis: Equation \u201c^y = -0.59342-0.570778x\u201d<\/p>\n
(tstat = 1.378581)<\/p>\n
\u00a0N= 50 , R^2= 0.038086, F = 1.900486<\/p>\n
The above equation shows the relationship between the closing price of Nifty 50 (x) and the closing price of Vadilal 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 by0.570778, \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. is 1.378581 lower than tabulated t(t0.5,48DF=1.6770) so accept H0 and Reject H1. R2 0.038086 is means 0.04% of y is explained by x. As the calculated value of F =0.0191.900486 is less than the tabulated F (F 0.05,1DF,49DF) = 4.0430, the overall model is not statistically significant at the 5% level.<\/p>\n
So overall the model is statistically not significant at the 5% level<\/p>\n
Conclusion :<\/p>\n
If b<1, vadilal industries Ltd Is good for long term investment.<\/p>\n
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Kohinoor Business School student
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