{"id":19158,"date":"2023-12-23T11:20:50","date_gmt":"2023-12-23T05:50:50","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=19158"},"modified":"2023-12-23T11:20:50","modified_gmt":"2023-12-23T05:50:50","slug":"relationship-of-adani-green-with-nifty","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=19158","title":{"rendered":"Relationship of ADANI GREEN with NIFTY"},"content":{"rendered":"<p><strong>Headline <\/strong>: Relationship of ADANI GREEN with NIFTY<\/p>\n<p><strong>Author :<\/strong> Aditya Mehta<\/p>\n<p><strong>Introduction<\/strong><strong> :<\/strong> Adani Green Energy Limited (AGEL) is India\u2019s largest and world\u2019s leading renewable energy solutions partner enabling the clean energy transition. AGEL develops, owns, and operates utility-scale grid-connected solar, wind and hybrid renewable power plants.<\/p>\n<p>With a locked-in growth trajectory up to 20.4 Gigawatt (GW), AGEL currently has an operating renewable portfolio of 8.4 GW, the largest in India, spread across 12 states, offsetting over 41 million tonnes of CO2 emissions cumulatively.<\/p>\n<h2>\u00a0<\/h2>\n<p>Objective : to calculate beta and find its significance<\/p>\n<p>View and review : Billionaire Gautam Adani&#8217;s renewable energy company Adani Green is targeting to set up\u00a045 gigawatts (GW) of renewable energy capacity by 2030, as it looks to cut emissions and help India meet its carbon neutrality target. The target is to take their current capacity to 45,000 MW or 45 GW by 2030.<\/p>\n<p>Data collection : <a href=\"http:\/\/www.yahoofinance.com\">nseindia.com<\/a><\/p>\n<p>Data analysis : ADANIGREEN SHARES = -0.456 + 3.348 NIFTY<\/p>\n<p>n= 50, R square= 0.641, F=23,45<\/p>\n<p>The above equation shows the relationship of ADANIGREEN with Nifty<\/p>\n<p>If Nifty rises by 1, then ADANIGREEN will rise by 3.654 units<\/p>\n<p>t stat for b is 4.292 and the p value is 8.754 which is more than 0.05, so b=0, which means nifty does not impact ADANIGREEN shares<\/p>\n<p>R square is 0.64 meaning 42% of ADANIGREEN shared is explained by NIFTY, remaining 58% depends on other things like fundamentals<\/p>\n<p>F = 23.45 and p value is more than 0.05 so the model is not statistically significant at 5% level.<\/p>\n<p>\u00a0<\/p>\n<p>Conclusion : \u00a0As beta (1.892) which is more than 1 , so good for short term investments<\/p>\n<p>References : https:\/\/www.nseindia.com\/get-quotes\/equity?symbol=ADANIGREEN<\/p>\n<p><a href=\"http:\/\/www.yahoofinance.com\">www.yahoofinance.com<\/a><\/p>\n<p>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Headline : Relationship of ADANI GREEN with NIFTY Author : Aditya Mehta Introduction : Adani Green Energy Limited (AGEL) is India\u2019s largest and world\u2019s leading renewable energy solutions partner enabling the clean energy transition. AGEL develops, owns, and operates utility-scale grid-connected solar, wind and hybrid renewable power plants. With a locked-in growth trajectory up to&hellip; <a class=\"more-link\" href=\"http:\/\/www.sachdevajk.in\/?p=19158\">Continue reading <span class=\"screen-reader-text\">Relationship of ADANI GREEN with NIFTY<\/span><\/a><\/p>\n","protected":false},"author":139038,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[],"class_list":["post-19158","post","type-post","status-publish","format-standard","hentry","category-finance","entry"],"_links":{"self":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/19158","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\/139038"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19158"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/19158\/revisions"}],"predecessor-version":[{"id":19159,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/19158\/revisions\/19159"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19158"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}