{"id":18513,"date":"2023-08-24T19:55:19","date_gmt":"2023-08-24T14:25:19","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=18513"},"modified":"2023-08-24T19:55:19","modified_gmt":"2023-08-24T14:25:19","slug":"relationship-of-page-industry-ltd-with-nifty-50","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=18513","title":{"rendered":"Relationship of page industry Ltd with nifty 50"},"content":{"rendered":"

Title : – Relationship of page industry Ltd with nifty 50<\/strong><\/p>\n

\u00a0<\/p>\n

Author – Pradyum rajendra yadav<\/strong>
(MMS first year roll no. 0222129)Kohinoor business school kurla.<\/strong><\/p>\n

Introduction :<\/strong> Page Industries Limited located in Bangalore, India is the exclusive licensee of JOCKEY International Inc. (USA) for manufacture, distribution and marketing of the JOCKEY\u00ae brand in India, Sri Lanka, Bangladesh, Nepal and the UAE. Page Industries is also the exclusive licensee of Speedo International Ltd. for the manufacture, marketing and distribution of the Speedo brand in India.<\/p>\n

View and review<\/strong><\/p>\n

Mr. Ramesh Genomal, Non Executive Director, is one of the founders of our Company and has over three decades experience in the textile and garmenting industry. Mr. Ramesh Genomal is a postgraduate in Business Administration from the Hofstra University, New York. Mr.Ramesh Genomal has been elected as the Director of the Philippine- Indian Chamber of Commerce. In the year 2001 which was the 125th anniversary of Jockey International Inc., he received an award for his dedicated work and association with Jockey International Inc. He is responsible for the production process innovations in our company.<\/p>\n

Data Collections: \u2013<\/strong> 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 page industry Ltd (i.e. Y) were calculated.<\/p>\n

\u00a0<\/p>\n

Data Analysis:<\/strong> \u2013 Equations<\/p>\n

For Y = 0.3986 +
0.6714(X)<\/p>\n

N 45<\/p>\n

Tstate 1.9811<\/p>\n

R square 0.0836<\/p>\n

F 4.067<\/p>\n

The above equation shows the relationship between the closing price of Nifty 50 (x) and the closing price of page industry 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 0.6714, \u201cn\u201d means there are 45 observations. The t-stat for b is 1.9811, which means b is statistically significant at 5% level. R2 is 0.0836 means 8.36% of y is explained by x, balance 91.64% is error due to the variables which are not in model. As the calculated value of F = 4.067is more than the tabulated F (F 0.05,1DF,48DF) = 4.043<\/p>\n

So overall the model is statistically not significant at the 5% level.<\/p>\n

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

Beta (b) is less than one so page industry LTD share is good for short term investment.<\/p>\n","protected":false},"excerpt":{"rendered":"

Title : – Relationship of page industry Ltd with nifty 50 \u00a0 Author – Pradyum rajendra yadav(MMS first year roll no. 0222129)Kohinoor business school kurla. Introduction : Page Industries Limited located in Bangalore, India is the exclusive licensee of JOCKEY International Inc. (USA) for manufacture, distribution and marketing of the JOCKEY\u00ae brand in India, Sri… Continue reading Relationship of page industry Ltd with nifty 50<\/span><\/a><\/p>\n","protected":false},"author":138927,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[],"class_list":["post-18513","post","type-post","status-publish","format-standard","hentry","category-investing","entry"],"_links":{"self":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/18513","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\/138927"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18513"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/18513\/revisions"}],"predecessor-version":[{"id":18514,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/18513\/revisions\/18514"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18513"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18513"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18513"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}