{"id":18505,"date":"2023-08-24T19:55:19","date_gmt":"2023-08-24T14:25:19","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=18505"},"modified":"2023-08-24T19:55:19","modified_gmt":"2023-08-24T14:25:19","slug":"relationship-of-poly-medicure-limited-with-nifty-50","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=18505","title":{"rendered":"Relationship of Poly Medicure Limited with NIFTY 50"},"content":{"rendered":"

Relationship of Poly Medicure Limited with NIFTY 50<\/strong><\/p>\n

\u00a0<\/p>\n

AUTHOR:<\/strong> Priyanka More<\/p>\n

Roll No- 0222100<\/p>\n

Div -B<\/p>\n

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

INTRODUCTION: <\/strong>Poly Medicure Limited is a leading manufacturer of disposable medical devices, known for producing high-quality equipment like intravenous catheters and infusion sets, contributing to patient care and safety in the healthcare sector.<\/p>\n

\u00a0<\/p>\n

OBJECTIVES:<\/strong> To calculate Beta of Poly Medicure Limited and find out its Significance.<\/p>\n

\u00a0<\/p>\n

VIEWS AND REVIEWS:<\/strong><\/p>\n

D.R MEHTA, CHAIRMAN, OF POLY MEDICURE LIMITED,<\/strong><\/p>\n

We\u2019re committed to ESG principles, supporting various social causes and environmental\u00a0 sustainability. Our goal remains serving humanity. Challenges ahead will be met through strong relationships. POLYMED continues as a reliable medical device supplier.<\/p>\n

\u00a0<\/p>\n

HIMANSHU BAID, MANAGING DIRECTOR, OF POLY MEDICURE LIMITED,<\/strong><\/p>\n

I<\/strong>n our 27th<\/sup> annual report, I\u2019m pleased to highlight polymed\u2019s achievements and our readiness to face challenges. Marking growth in the medical device industry. We\u2019re actively embracing new technologies and global markets.<\/p>\n

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

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

DATA COLLECTION:<\/strong> Data from the 1ST July 2022 to the 30TH June 2023 has been downloaded from nseindia.com. From the downloaded data closing price of all Fridays were sorted to find weekly returns of Poly Medicure Limited and NIFTY 50. Weekly return of Poly Medicure Limited was taken as Y and Weekly returns of NIFTY 50 was taken as X.<\/p>\n

\u00a0<\/p>\n

DATA ANALYSIS:<\/strong><\/p>\n

Y^ = 0.8924 + 0.2805X<\/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 (0.5995)<\/p>\n

N = 50<\/p>\n

R square = 0.0074<\/p>\n

F = 0.3593<\/p>\n

The above equation shows the relationship between Nifty 50 (X) and Poly Medicure Limited (Y). The positive sign means positive relationship meaning if X rises Y also rises and vice versa. If Nifty 50 (X) rises by 1 unit Poly Medicure Limited (Y) rise by 0.2805 unit. N means there are 50 observation. T stat for b is 0.5995, is less than tabulated t (t.05,48df = 2.01063) there for t stat for b is not statistically significant @5% level. R square is 0.0074 which means 0.74% of Y is explained by X balance 99.26% is error due to variables which are not in model. F is 0.3593 which is less than table value (F.05,1df,48df = 4.04265) so overall the model is not statistically significant at 5% level.<\/p>\n

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

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

As, Beta (b) is less than 1, which implies Poly Medicure Limited is good for long term investment.<\/p>\n

\u00a0<\/p>\n

\u00a0<\/p>\n

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

Relationship of Poly Medicure Limited with NIFTY 50 \u00a0 AUTHOR: Priyanka More Roll No- 0222100 Div -B \u00a0 INTRODUCTION: Poly Medicure Limited is a leading manufacturer of disposable medical devices, known for producing high-quality equipment like intravenous catheters and infusion sets, contributing to patient care and safety in the healthcare sector. \u00a0 OBJECTIVES: To calculate… Continue reading Relationship of Poly Medicure Limited with NIFTY 50<\/span><\/a><\/p>\n","protected":false},"author":136682,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[1775],"class_list":["post-18505","post","type-post","status-publish","format-standard","hentry","category-finance","tag-kbs","entry"],"_links":{"self":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/18505","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\/136682"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18505"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/18505\/revisions"}],"predecessor-version":[{"id":18506,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/18505\/revisions\/18506"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18505"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}