{"id":19160,"date":"2023-12-23T11:20:50","date_gmt":"2023-12-23T05:50:50","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=19160"},"modified":"2023-12-23T11:20:50","modified_gmt":"2023-12-23T05:50:50","slug":"relationship-of-kajariacer-with-nifty50","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=19160","title":{"rendered":"Relationship of KajariaCER with Nifty50."},"content":{"rendered":"<ul>\n<li><strong>Intro<\/strong>: KajariaCER is a leading name in the ceramics industry, renowned for its innovative and high-quality tiles. With a legacy spanning over three decades, the company has established itself as a trailblazer in crafting exquisite and durable tiling solutions. Known for its commitment to cutting-edge technology and trendsetting designs, KajariaCER continues to redefine spaces with its extensive range of tiles for homes, offices, and commercial spaces.<\/li>\n<\/ul>\n<p>\u00a0<\/p>\n<ul>\n<li><strong>Objective<\/strong>: To calculate Beta and its significance.<\/li>\n<\/ul>\n<p>\u00a0<\/p>\n<ul>\n<li><strong>Views and Reviews<\/strong>: Kajaria Ceramics Ltd is primarily engaged in manufacturing and trading of ceramic and vitrified tiles in India.\u00a0<strong>It is the largest manufacturer of ceramic\/ vitrified tiles in India and 8th largest in the world.<\/strong><\/li>\n<\/ul>\n<p>\u00a0<\/p>\n<ul>\n<li><strong>Data collection<\/strong>: Nifty and KajariaCER\u2019s closing price was collected from NSE website. The weekly return of Nifty is termed as \u201cX\u201d and weekly return of KajariaCER is termed as \u201cY.<\/li>\n<\/ul>\n<p>\u00a0<\/p>\n<ul>\n<li><strong>Data Analysis<\/strong>:<\/li>\n<li><strong>Equation:<\/strong> Y=0.2443+0.9872x<\/li>\n<li><strong>Interpretation: <\/strong>The above equation shows the relation between Nifty50 and KajariaCER.<\/li>\n<\/ul>\n<p>Return of KajariCER is dependent variable and return of Nifty50 is independent variable.<\/p>\n<p>Positive sign means if Nifty50 rises by 1 unit then share price of KaJariaCER will also rise by 0.98 and vice-versa.<\/p>\n<p>Number of observations are 50.<\/p>\n<p>27.39 is the t-stat for Y, the p-value for which is 0.00.<\/p>\n<p>R square is 0.9398 which means 93% of variances in KajariaCER are explained by Nifty.<\/p>\n<p>F is 750.42, p-value for this is 0.00 which means model is statistically significant at 1% level.<\/p>\n<p>\u00a0<\/p>\n<ul>\n<li><strong>Conclusion<\/strong>: Beta is 0.2443 which is less than 1, it means that KajariaCER is good for long-term investment.<\/li>\n<li><strong>Reference<\/strong>:<\/li>\n<\/ul>\n<p>https:\/\/www.nseindia.com\/<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Intro: KajariaCER is a leading name in the ceramics industry, renowned for its innovative and high-quality tiles. With a legacy spanning over three decades, the company has established itself as a trailblazer in crafting exquisite and durable tiling solutions. Known for its commitment to cutting-edge technology and trendsetting designs, KajariaCER continues to redefine spaces with&hellip; <a class=\"more-link\" href=\"http:\/\/www.sachdevajk.in\/?p=19160\">Continue reading <span class=\"screen-reader-text\">Relationship of KajariaCER with Nifty50.<\/span><\/a><\/p>\n","protected":false},"author":139037,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[],"class_list":["post-19160","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\/19160","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\/139037"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19160"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/19160\/revisions"}],"predecessor-version":[{"id":19161,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/19160\/revisions\/19161"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19160"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}