{"id":18567,"date":"2023-08-24T19:54:16","date_gmt":"2023-08-24T14:24:16","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=18567"},"modified":"2023-08-24T19:54:16","modified_gmt":"2023-08-24T14:24:16","slug":"relationship-of-the-ambuja-cement-limited-with-nifty-50","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=18567","title":{"rendered":"\u201cRelationship of the Ambuja Cement limited, with Nifty 50\u201d"},"content":{"rendered":"

Topic name: \u201cRelationship of the Ambuja Cement limited, with Nifty 50\u201d<\/strong><\/p>\n

Author: <\/strong>Ashish Shyam Adsul (MMS first year, Roll no. 0222001)<\/p>\n

Introduction:<\/strong> Ambuja Cement Limited, a leading Indian cement manufacturer established on Oct 20, 1981. Headquartered in Mumbai, it operates with INR 397.51 cr paid-up capital. Revenues range INR 10,000 cr – 25,000 cr for FY ending Mar 2022. Committed to sustainability, it reduces carbon footprint, promotes recycling. EBITDA grew 10.89% YoY, showcasing operational efficiency. Book net-worth increased by 7.01%, reflecting financial strength. A vital contributor to India’s construction sector.<\/p>\n

Objective:<\/strong> To Calculate the Beta of Ambuja Cement Limited and find out its significance.<\/p>\n

Views and Reviews: Neeraj Akhoury, CEO of Ambuja Cement Limited<\/strong>, Commenting on Ambuja Cement Limited’s commitment to delivering exceptional construction solutions, a company representative stated, “At Ambuja Cement, our goal is to redefine construction by providing top-notch cement products to our customers. We are dedicated to innovation and improving our offerings, ensuring that every project using our cement is of the highest quality and durability.”<\/p>\n

Data Collection: <\/strong>Data is collected from July 1, 2022, to June 1, 2023. It has been obtained from a reliable financial source, and weekly closing prices of Nifty (X) and Ambuja cement Limited (Y) have been calculated.<\/p>\n

Data Analysis:<\/strong> Equation \u201cY= 0.37365+ 0.33618(X)\u201d<\/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 (tstat = 0.977224)<\/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 n = 45, R2 = 0.02172602, F = 0.95496644<\/p>\n

The above equation shows the relationship between the closing price of Nifty 50 (x) and the closing price of Presistent system 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 0.37365, \u201cn\u201d means there are 45 observations. The t-stat for b is 0.977224, which means b is statistically significant at 5% level. R2 is 0.02172602 means 2.15% of y is explained by x, balance 96.85% is error due to the variables which are not in model.\u00a0 As the calculated value of F =0.95496644 is more than the tabulated F (F 0.05,1DF,44DF) = 6.072, the overall model is statistically significant at the 5% level.<\/p>\n

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

Conclusion: <\/strong>As Beta is 0.03316808 which is less than 1, the share is good for long term.<\/p>\n

\u00a0<\/p>\n

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

Topic name: \u201cRelationship of the Ambuja Cement limited, with Nifty 50\u201d Author: Ashish Shyam Adsul (MMS first year, Roll no. 0222001) Introduction: Ambuja Cement Limited, a leading Indian cement manufacturer established on Oct 20, 1981. Headquartered in Mumbai, it operates with INR 397.51 cr paid-up capital. Revenues range INR 10,000 cr – 25,000 cr for… Continue reading \u201cRelationship of the Ambuja Cement limited, with Nifty 50\u201d<\/span><\/a><\/p>\n","protected":false},"author":138930,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-18567","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\/18567","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\/138930"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18567"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/18567\/revisions"}],"predecessor-version":[{"id":18568,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/18567\/revisions\/18568"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18567"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18567"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18567"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}