Relationship of VRL Logistics Ltd with Nifty 50<\/p>\n
Author Name: Vivek Kirdat<\/p>\n
Roll No : 29<\/p>\n
Introduction : VRL Logistics Ltd , Founded in 1976, VRL is a Public Listed Company on NSE & BSE Exchange with a Market Capitalization of INR 55.89 billion (as on 31.03.2023), We grown into a nationally renowned logistics & Transport Company which is also currently the largest fleet owner of commercial vehicles in India. VRL has pioneered in providing a safe and reliable logistics network in the field of parcel service, ensuring last mile delivery even in remote locations. We integrated hub-and-spoke operating model which enables optimal aggregation of consignments from a diversified customer base across multiple industries and locations.<\/p>\n
Objective: To calculate beta of AFF ltd and observe its significance.<\/p>\n
Views and Reviews:\u00a0<\/p>\n
Dr. Vijay Sankeshwar, Chairman, Managing Director and Promoter of the Company. He is actively involved in the day to day affairs of the company, as a whole time Director. We have not only built a company, we also developed a culture among our staff, right from truck drivers to the top management. A sense of responsibility, honesty and dedication is included in each of our team member. This is what makes quality & on-time service possible. VRL has given employment to over 15,000 employees and our growth & success is attributed to the this strong workforce. This coupled with the strong in-house IT would propel the company to never growth pinnacles in the days to come.\u00a0\u00a0<\/p>\n
Data collection: Data is taken from 01-06-2022 to 31-07-2023. downloaded from NSE site then Friday\u2019s closing were find out then weekly return of Nifty (i.e.X) & weekly return of AFF ltd (i.e. Y)<\/p>\n
Data Analysis: Equation \u201c^y = -0.1316 + 0.1316x\u201d<\/p>\n
(tstat = -0.3018)<\/p>\n
\u00a0N= 50 , R^2 = 0.001894 , F = 0.09111<\/p>\n
\u00a0<\/p>\n
The above equation shows the relationship between the closing price of Nifty 50 (x) and the closing price of VRL logistics (y) the negative sign means a negative relationship meaning if \u201cx\u201d rises \u201cy\u201d falls or vice versa. If \u201cx\u201d rises by 1 unit, \u201cy\u201d falls by 0.0516, \u201cn\u201d means there are 50 observations, and figures in brackets are tstat for \u201cb\u201d, so \u201cb\u201d statistically significant at 5% level. Calculated tstat for b i.e. is 0.1316 lower than tabulated t(t0.5,49DF=1.6770) so accept H0 and Reject H1. R2 0.001894 is means 0.01% of y is explained by x, balance is 99.99. As the calculated value of F =0.0192 is less than the tabulated F (F 0.05,1DF,49DF) = 4.0430, the overall model is not statistically significant at\u00a0the\u00a05%\u00a0level.<\/p>\n
So overall the model is statistically not significant at the 5% level<\/p>\n
\u00a0<\/p>\n
Conclusion :<\/p>\n
The Beta value for VRL logistic Is 0.764063, Which is <1. So, it is good for long term investment.\u00a0<\/p>\n
\u00a0<\/p>\n
Refrence : http:\/\/www.vrlgroup.in\/<\/p>\n","protected":false},"excerpt":{"rendered":"
Relationship of VRL Logistics Ltd with Nifty 50 Author Name: Vivek Kirdat Roll No : 29 Introduction : VRL Logistics Ltd , Founded in 1976, VRL is a Public Listed Company on NSE & BSE Exchange with a Market Capitalization of INR 55.89 billion (as on 31.03.2023), We grown into a nationally renowned logistics &… Continue reading VRL logistics Ltd in relation with Nifty 50<\/span><\/a><\/p>\n","protected":false},"author":138889,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[],"class_list":["post-18575","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\/18575","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\/138889"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18575"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/18575\/revisions"}],"predecessor-version":[{"id":18576,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/18575\/revisions\/18576"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18575"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}