{"id":18569,"date":"2023-08-24T19:54:16","date_gmt":"2023-08-24T14:24:16","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=18569"},"modified":"2023-08-24T19:54:16","modified_gmt":"2023-08-24T14:24:16","slug":"relationship-of-alembic-pharmaceuticals-with-nifty","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=18569","title":{"rendered":"Relationship of Alembic Pharmaceuticals with Nifty."},"content":{"rendered":"<p><strong>Title: \u2013 Relationship of Alembic Pharmaceuticals with Nifty 50<\/strong><\/p>\n<p><strong>Author: \u2013\u00a0<\/strong>Atman Ketan Dani (MMS First Year, Roll no. 0222073)<\/p>\n<p>\u00a0 Kohinoor Business School, Kurla.<\/p>\n<p><strong><b>Introduction:<\/b><\/strong><strong><b>\u00a0<\/b><\/strong><\/p>\n<p>Alembic Pharmaceuticals Ltd. is an Indian multinational pharmaceutical company headquartered in Vadodara. It is involved in manufacture of pharmaceutical products, pharmaceutical substances and intermediates. It is also termed to be a market leader in macrolides segment of anti-infective drugs in India.<\/p>\n<p>\u00a0<\/p>\n<p><strong><b>Objective :<\/b><\/strong>\u00a0To calculate Beta of\u00a0Alembic Pharmaceuticals\u00a0&amp; its significance<\/p>\n<p><strong><b>Data Collection:<\/b><\/strong><\/p>\n<p>We collected weekly closing prices from Nifty.com from \u00a001-07-2022 to 30-06-2023. Then, we calculated the weekly returns for both Nifty 50 (X) and Alembic Pharmaceuticals&#8217; equity (Y) using the Friday closing prices. This helped us understand how both Nifty 50 and Alembic Pharmaceuticals performed each week during this time.<\/p>\n<p><strong><b>\u00a0<\/b><\/strong><\/p>\n<p><strong><b>Data analysis:<\/b><\/strong><\/p>\n<p>\u00a0\u00a0We can write the equation in the form of Y = a + bx<\/p>\n<p>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0= 0.193 + 36.13x<\/p>\n<p>\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\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0(1.440)<\/p>\n<p>\u00a0N=50 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/p>\n<p>\u00a0R<sup>2 <\/sup>= 0.0414 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/p>\n<p>\u00a0F = 2.074<\/p>\n<p>Interpretation : The above Equation shows the relationship between the Nifty 50 (X) with \u00a0Alembic pharmaceuticals\u00a0(Y). The positive \u00a0sign means the positive relation meaning that if nifty stock rises then Alembic Pharmaceuticals stock also rises and vice versa. If nifty 50 rises by 1 unit Alembic Pharmaceuticals\u00a0rises \u00a0by 36.13 units. N means there are 50 observation. \u00a0T is 1.440, is less \u00a0than tabulated T (t.<sub>.05,48 <\/sub>2.0106). T stat for b \u00a0is statistically not significant. R<sup>2 <\/sup>\u00a0is 0.0414 which means 4.14% of Y is explained by X. \u00a0F is 2.074 which is less than the \u00a0table value ( F<sub>.05, 1,48<\/sub>\u00a0\u00a04.0420). So, overall the model is not statistically significant \u00a0@5% level of significance.<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p><strong><b>Conclusion<\/b><\/strong><\/p>\n<ul>\n<li>b is greater than 1 so Alembic Pharmaceuticals\u00a0\u00a0share is good for short \u00a0term.<\/li>\n<\/ul>\n<p>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Title: \u2013 Relationship of Alembic Pharmaceuticals with Nifty 50 Author: \u2013\u00a0Atman Ketan Dani (MMS First Year, Roll no. 0222073) \u00a0 Kohinoor Business School, Kurla. Introduction:\u00a0 Alembic Pharmaceuticals Ltd. is an Indian multinational pharmaceutical company headquartered in Vadodara. It is involved in manufacture of pharmaceutical products, pharmaceutical substances and intermediates. It is also termed to be&hellip; <a class=\"more-link\" href=\"http:\/\/www.sachdevajk.in\/?p=18569\">Continue reading <span class=\"screen-reader-text\">Relationship of Alembic Pharmaceuticals with Nifty.<\/span><\/a><\/p>\n","protected":false},"author":138656,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[],"class_list":["post-18569","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\/18569","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\/138656"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18569"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/18569\/revisions"}],"predecessor-version":[{"id":18570,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/18569\/revisions\/18570"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18569"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}