{"id":18449,"date":"2023-08-24T19:55:37","date_gmt":"2023-08-24T14:25:37","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=18449"},"modified":"2023-08-24T19:55:37","modified_gmt":"2023-08-24T14:25:37","slug":"relationship-of-safari-industries-india-limited-with-nifty50","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=18449","title":{"rendered":"Relationship of Safari Industries (India) Limited with NIFTY50"},"content":{"rendered":"

Topic Name:<\/u><\/strong> Relationship of Safari Industries (INDIA) Limited with NIFTY 50<\/p>\n

Author<\/u><\/strong>:<\/u> Shruti Arun Pawar (109)<\/p>\n

Introduction: <\/u><\/strong><\/p>\n

Safari Industries India Ltd is an Indian travel goods and luggage manufacturer as well as retailer. The company was founded in 1974 to manufacture plastic moulded luggage. It was promoted by Sumatichandra H. Mehta, incorporated in 1980 and converted into a public limited company in 1986. The company operates through retail stores and e-commerce channel. Safari Industries is headquartered in Mumbai, India with an employee count of about 1,000. The company\u2019s operating profit has seen a 52% CAGR since the acquisition. In 2015, Safari acquired various brands – namely Genius, Magnum and Genie owned by Genius Leathercraft Pvt Ltd, and ventured into the schoolbags and backpack section of the industry.<\/p>\n

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

Objective:<\/u><\/strong> To calculate beta of Safari Industries (India) Limited and find out its significance.<\/p>\n

Views & reviews: <\/u><\/strong><\/p>\n

All Independent Directors of the Company at their meeting held on 8th February 2022 have evaluated the performance of the Board as a whole, Committees of Board, the Chairman of the Company and the Non-Independent Directors as per the criteria adopted by the Nomination, Remuneration and Compensation Committee and the Board.<\/p>\n

During the year under review, the Board of Directors in their meeting held on 8th February 2022 and Members of the Company vide Postal Ballot, results of which were declared on 15th March 2022, approved implementation of Safari Employees Stock Appreciation Rights Scheme, 2022 (”ESAR”\/”the ESAR Scheme”) with an objective of rewarding the employees for association, dedication and contribution to the goals of the Company. The Company intends to use this ESAR Scheme to attract and retain key talents working with the Company by way of rewarding their performance and to motivate them to contribute to the overall corporate growth and profitability. The ESAR Scheme covers eligible employees of the Company and its wholly owned subsidiaries.<\/p>\n

The ESAR Scheme is in compliance with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.<\/p>\n

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

\u00a0<\/p>\n

Data Collection:<\/u><\/strong><\/p>\n

Data is taken from 01-07-2022 to 30-06-2023. It has been downloaded from NSE Website, weekly closing prices were found out then weekly return of NIFTY and weekly return of Safari Industries (INDIA) Limited were calculated. NIFTY return is taken as \u201cX\u201d and Safari Industries (India) LTD return as \u201cY\u201d.<\/p>\n

Data Analysis:<\/u><\/strong><\/p>\n

Equation \u00a0\u201cY=2.0050 + 1.2808 (X)\u201d<\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (tstat <\/sub>= 2.6424)<\/p>\n

\u00a0<\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/strong>n = 50, R2 <\/sup>= 0.1269, F = 6.9824<\/p>\n

\u00a0<\/p>\n

The above equation shows the relationship between the closing price of Nifty 50 (x) and the closing price of Safari Industires (India) LTD.(y) the positive sign means a negative relationship meaning if \u201cx\u201d rises \u201cy\u201d rises and vice versa. If \u201cx\u201d rises by 1 unit, \u201cy\u201d rises by 1.2808, \u201cn\u201d means there are 50 observations. The t-stat for b is 2.6424, which means b is statistically significant at 5% level. R2<\/sup> is 0.1269 means 12.69% of y is explained by x, balance 87.31% is error due to the variables which are not in model.\u00a0 As the calculated value of F = 6.9824 is more than the tabulated F (F 0.05,1DF,48DF) = 4.043, 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

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

As Beta is 1.2808 which is more than 1, the share is good for short term.<\/p>\n","protected":false},"excerpt":{"rendered":"

Topic Name: Relationship of Safari Industries (INDIA) Limited with NIFTY 50 Author: Shruti Arun Pawar (109) Introduction: Safari Industries India Ltd is an Indian travel goods and luggage manufacturer as well as retailer. The company was founded in 1974 to manufacture plastic moulded luggage. It was promoted by Sumatichandra H. Mehta, incorporated in 1980 and… Continue reading Relationship of Safari Industries (India) Limited with NIFTY50<\/span><\/a><\/p>\n","protected":false},"author":138008,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[1775],"class_list":["post-18449","post","type-post","status-publish","format-standard","hentry","category-management","tag-kbs","entry"],"_links":{"self":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/18449","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\/138008"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18449"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/18449\/revisions"}],"predecessor-version":[{"id":18450,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/18449\/revisions\/18450"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18449"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}