{"id":18585,"date":"2023-09-04T09:42:06","date_gmt":"2023-09-04T04:12:06","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=18585"},"modified":"2023-09-04T09:42:06","modified_gmt":"2023-09-04T04:12:06","slug":"vedanta-ltd","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=18585","title":{"rendered":"Vedanta Ltd"},"content":{"rendered":"

Title: – \u201cRelationship of <\/span><\/span>Vedanta Ltd. With Nifty50\u201d<\/span><\/span><\/p>\n

Author: – <\/span><\/span>Vighnesh Jadhav<\/span><\/span> (MMS First Year, Roll no. 0222<\/span><\/span>018<\/span><\/span>)<\/span><\/span><\/p>\n

\u200b \u00a0 \u00a0 Kohinoor Business School, Kurla.<\/span><\/span><\/p>\n

Introduction: –<\/span><\/span> Vedanta Ltd. is an Indian natural resources company headquartered in Mumbai. It operates globally and is a major player in mining and metals, including zinc, copper, aluminum, and iron ore. The company is also involved in oil and gas exploration and power generation. Despite its diverse operations, Vedanta has faced criticism for environmental and social issues. It’s listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) in India.<\/span><\/span><\/p>\n

Objective: – <\/span><\/span>To Calculate the Beta of <\/span><\/span>Vedanta Ltd. <\/span><\/span>and find out its significance.<\/span><\/span><\/p>\n

Views and Reviews: –<\/span><\/span><\/p>\n

Sunil Duggal<\/span><\/span>, <\/span><\/span>CEO<\/span><\/span> of <\/span><\/span>Vedanta<\/span><\/span> Limited<\/span><\/span> said<\/span><\/span> –<\/span><\/span> Our commitment to operational excellence has helped us deliver record performance across our key businesses. We have delivered the highest-ever free cash flow (pre-capex) of Rs 28,068 crore, enabling us to reinvest for business growth and provide our valued shareholders with attractive<\/span> dividends.”<\/span><\/p>\n

\u00a0<\/p>\n

Anil Agarwal, Chairman of Vedanta Group <\/span><\/span>said <\/span><\/span>– <\/span><\/span>Entrepreneurship can be a very lonely experience.<\/span><\/span> I<\/span><\/span>f<\/span><\/span> you know someone who is on this journey, try to empower them in some way, big or small<\/span><\/span>.<\/span><\/span> H<\/span><\/span>e concluded his post alongside an image of himself with a backdrop that said empowering<\/span><\/span>.<\/span><\/span><\/p>\n

\u00a0<\/p>\n

Data Collections: – <\/span><\/span>Data <\/span><\/span>is taken from 01-06-2023 to 31-07-2023. It has been downloaded from the NSE site, then Friday’s closing price was sorted and weekly returns of Nifty (i.e. X) and <\/span><\/span>Vedanta Ltd.<\/span><\/span> (i.e. Y) were calculated.<\/span><\/span><\/p>\n

\u00a0<\/p>\n

Data Analysis: –<\/span><\/span> Equation \u201cY=-<\/span><\/span>0.<\/span><\/span>0517-0.3787<\/span><\/span>(X)\u201d<\/span><\/span><\/p>\n

\u200b\u200b \u00a0 (<\/span><\/span>t<\/span><\/span>stat<\/span><\/span> = –<\/span><\/span>1.1839<\/span><\/span>)<\/span><\/span><\/a><\/p>\n

\u200b\u200b \u00a0 \u00a0<\/span><\/span>n <\/span><\/span>= 5<\/span><\/span>0<\/span><\/span>, <\/span><\/span>R<\/span><\/span>2 <\/span><\/span>= <\/span><\/span>0.0<\/span><\/span>284<\/span><\/span>, F = <\/span><\/span>1.4016<\/span><\/span><\/p>\n

The above equation shows the relationship between <\/span><\/span>the <\/span><\/span>closing price of Nifty 50 (x) and <\/span><\/span>the <\/span><\/span>closing price of <\/span><\/span>Vedanta Ltd.<\/span><\/span> (y) the negative sign means <\/span><\/span>a <\/span><\/span>negative relationship meaning if \u201cx\u201d rises \u201cy\u201d falls and vice versa. If \u201cx\u201d rises by 1 unit, \u201cy\u201d falls by<\/span><\/span> 0.<\/span><\/span>3787<\/span><\/span>, \u201cn\u201d<\/span><\/span> means there are 5<\/span><\/span>0<\/span><\/span> observations<\/span><\/span>, <\/span><\/span>and <\/span><\/span>figures in brackets <\/span><\/span>are<\/span><\/span> t<\/span><\/span>stat<\/span><\/span> for \u201cb\u201d, so \u201cb\u201d is<\/span><\/span> not <\/span><\/span>as Calculated <\/span><\/span>t<\/span><\/span>stat<\/span><\/span> for b i.e. <\/span><\/span>1.1839<\/span><\/span> is <\/span><\/span>lower<\/span><\/span> than tabulated t(t0.5,49DF=1.677) so accept H0 and Reject H1<\/span><\/span>. <\/span><\/span>R<\/span><\/span>2<\/span><\/span> is <\/span><\/span>0.0284<\/span><\/span>means 2.84<\/span><\/span>%<\/span><\/span> of y is explained by x.<\/span><\/span> As the calculated value of F =1.<\/span><\/span>4016<\/span><\/span> is<\/span><\/span> less than the tabulated F<\/span><\/span> (F 0.05,1DF,49DF)<\/span><\/span> =<\/span><\/span>4.038, the overall model is not statistically significant at <\/span><\/span>the <\/span><\/span>5% level.<\/span><\/span><\/p>\n

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

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

If b<\/span><\/span><1, <\/span><\/span>Vedanta Ltd.<\/span><\/span> share is good for <\/span><\/span>long term investment.<\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Title: – \u201cRelationship of Vedanta Ltd. With Nifty50\u201d Author: – Vighnesh Jadhav (MMS First Year, Roll no. 0222018) \u200b \u00a0 \u00a0 Kohinoor Business School, Kurla. Introduction: – Vedanta Ltd. is an Indian natural resources company headquartered in Mumbai. It operates globally and is a major player in mining and metals, including zinc, copper, aluminum, and… Continue reading Vedanta Ltd<\/span><\/a><\/p>\n","protected":false},"author":138915,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67],"tags":[],"class_list":["post-18585","post","type-post","status-publish","format-standard","hentry","category-english-literature","entry"],"_links":{"self":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/18585","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\/138915"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18585"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/18585\/revisions"}],"predecessor-version":[{"id":18586,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/18585\/revisions\/18586"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18585"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}