{"id":18589,"date":"2023-09-04T09:42:06","date_gmt":"2023-09-04T04:12:06","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=18589"},"modified":"2023-09-04T09:42:06","modified_gmt":"2023-09-04T04:12:06","slug":"relationship-of-tata-steels-limited-with-nifty-50","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=18589","title":{"rendered":": Relationship of Tata steels limited with nifty 50"},"content":{"rendered":"

\u00a0Topic<\/u><\/em><\/strong> : Relationship of Tata steels limited with nifty 50<\/u><\/p>\n

Author<\/u><\/em><\/strong>: Trupti More<\/p>\n

\u00a0<\/p>\n

Introduction: <\/u><\/h2>\n

Tata Steel was established in India as Asia\u2019s first integrated private steel company in 1907. With this, company developed India\u2019s first industrial city at Jamshedpur. Today, this company is among the\u00a0\u00a0 leading global steel companies. Annual crude steel capacity across Indian operations is nearly 20 MnTPA and registered a turnover of INR 91,037 crore in FY21. Company\u00a0\u00a0 also set up their second greenfield steel plant of 3 MnTPA in the eastern state of Odisha in 2016; the expansion to 8 MnTPA in currently underway. It also\u00a0\u00a0 Possess and operate captive mines that help us maintain cost- competitiveness and production efficiencies through an uninterrupted supply of raw material. This is how company ensure that we remain the lowest cost producer of steel in Asia.<\/p>\n

Objective<\/u>:<\/u><\/em> To calculate Beta of tata steel limited and observe its significance<\/h2>\n

\u00a0<\/h2>\n

Views and reviews<\/em><\/strong> : \u00a0<\/strong>Consistent with the vision and values of the founder Jamsetji Tata, Tata Steel strives to strengthen India\u2019s industrial base through effective utilization of staff and materials. The means envisaged to achieve this are cutting edge technology and high productivity, consistent with modern management practices. Tata Steel recognizes that while honesty and integrity are essential ingredients of a strong and stable enterprise, profitability provides the main spark for economic activity. Overall, the Company seeks to scale the heights of excellence in all it does in an atmosphere free from fear, and thereby reaffirms its faith in democratic values.<\/p>\n

\u00a0<\/strong>We aspire to be the global steel industry benchmark for Value Creation and Corporate Citizenship.<\/p>\n

\u00a0<\/p>\n

Data collection :<\/u><\/em><\/strong><\/p>\n

The data 1\/7\/2023 to 30\/6\/2023 this period has been download from NSE site & weekly closing prices were found out. Then weekly return of Nifty & weekly return of\u00a0 tata steel limited company were calculated. Nifty returns were taken as X & tata steel returns were taken as Y was regressed on Y.<\/p>\n

Data analysis<\/u><\/em><\/strong>: Y \u0302= 0.0035 \u2013 3.319x.<\/p>\n

N = 50 .\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 R 2 <\/sup>= 0.3783.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 F = 29.21<\/p>\n

Interpretation<\/u><\/em><\/strong> : The above Equation shows the relationship between the Nifty 50 (X) with\u00a0 the tata steels (Y). The negative sign means the negative\u00a0 relation. It means that the\u00a0 nifty 50 stock rises then -tata steels- stock falls\u00a0 and vice versa. If nifty 50 rises by 1 unit tata steels\u00a0 fall\u00a0 by 3.31 units.\u00a0 N means there are 50 observation.\u00a0 T is -5.404, which is less\u00a0 than tabulated T (t..05,48 2.0106). T stat for b \u00a0is statiscally not significant.\u00a0 R2\u00a0 is 0.3783 which indicates that the\u00a0 37.83% of Y is explained by X , balance\u00a0 62.17% is error due to the variable which not in model. .\u00a0 F is 29.21 which is greater than the\u00a0 table value ( F.05, 1,48\u00a0 4.0420). So, overall the model is not statistically significant\u00a0 @5% level of significance.<\/p>\n

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

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 The beta value being less than 1 indicates that \u2013Tata steels limited shares are well-suited for long-term investment.<\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0Topic : Relationship of Tata steels limited with nifty 50 Author: Trupti More \u00a0 Introduction: Tata Steel was established in India as Asia\u2019s first integrated private steel company in 1907. With this, company developed India\u2019s first industrial city at Jamshedpur. Today, this company is among the\u00a0\u00a0 leading global steel companies. Annual crude steel capacity across… Continue reading : Relationship of Tata steels limited with nifty 50<\/span><\/a><\/p>\n","protected":false},"author":138931,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-18589","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\/18589","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\/138931"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18589"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/18589\/revisions"}],"predecessor-version":[{"id":18590,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/18589\/revisions\/18590"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18589"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18589"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}