{"id":19178,"date":"2023-12-23T11:20:50","date_gmt":"2023-12-23T05:50:50","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=19178"},"modified":"2023-12-23T11:20:50","modified_gmt":"2023-12-23T05:50:50","slug":"relationship-of-havells-india-with-nifty50","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=19178","title":{"rendered":"Relationship of Havells India with Nifty50."},"content":{"rendered":"

Title:<\/u><\/strong> Relationship of Havells India with Nifty50.<\/p>\n

Author:<\/u><\/strong> Harsh Siroya<\/p>\n

Introduction :<\/u><\/strong> Havells India Limited\u00a0is an Indian\u00a0multinational<\/a>\u00a0electrical equipment<\/a>\u00a0company, based in\u00a0Noida<\/a>. It was founded by Haveli Ram Gandhi, later sold to\u00a0Qimat Rai Gupta<\/a>\u00a0who was his distributor. The company manufactures\u00a0home appliances<\/a>,\u00a0lighting<\/a>\u00a0for domestic, commercial and industrial applications,\u00a0LED lighting<\/a>,\u00a0fans<\/a>, modular switches and wiring accessories,\u00a0water heaters<\/a>, industrial and domestic circuit protection switchgear, industrial and domestic\u00a0cables<\/a>\u00a0and\u00a0wires<\/a>,\u00a0induction motors<\/a>, and\u00a0capacitors<\/a>\u00a0among others. Havells owns brands like Havells, Lloyd, Crabtree, Standard Electric, Reo and Promptec.<\/p>\n

Objectives:<\/u><\/strong> To calculate beta and find its significance.<\/p>\n

Views & Reviews:<\/u><\/strong><\/p>\n

Havells electrifies investors with its brand dominance (No. 1 in India), diversified product portfolio (fans, appliances, etc.), and consistent growth (15% YTD gain), but its premium price tag (\u20b91,311, high P\/E & P\/B) throws a switch on excitement. Weigh its healthy financials (strong momentum, recent analyst upgrades) against potential headwinds like slowing growth and inefficient capital utilization before plugging in. Do your due diligence before flipping the switch on this investment.<\/p>\n

Data Analysis: <\/u><\/strong><\/p>\n

Equation: Y= 0.067559+ 0.0791398x<\/p>\n

Interpretation:<\/u><\/strong><\/p>\n

\u00a0The above equation shows the relation between Nifty50 and Havells India Ltd.<\/p>\n

Return of Havells Limited is dependent variable and return of Nifty50 is independent variable.<\/p>\n

Positive sign means if Nifty50 rises by 1 unit then share price of Havells India Limited will also rise by 0.003821110 and vice-versa.<\/p>\n

Number of observations are 49.<\/p>\n

0.42459519 is the t-stat for Y, the p-value for which is 0.67306922<\/p>\n

R square is 0.003821110 which means 0.38% of variances in Havells India Limited are explained by Nifty.<\/p>\n

F is 0.1802810, p-value for this is 0.67306922 which means model is statistically significant at 1% level.<\/p>\n

\u00a0<\/p>\n

Conclusion:<\/u><\/strong> Beta is -0.067559697 which is less than 1, it means that Havells India Limited is good for long term investment.<\/p>\n

References: <\/u><\/strong><\/p>\n

https:\/\/en.wikipedia.org\/wiki\/Havells<\/a><\/p>\n

https:\/\/www.nseindia.com\/reports-indices-historical-index-data ,<\/p>\n

https:\/\/www.nseindia.com\/get-quotes\/equity?symbol=HAVELLS<\/p>\n","protected":false},"excerpt":{"rendered":"

Title: Relationship of Havells India with Nifty50. Author: Harsh Siroya Introduction : Havells India Limited\u00a0is an Indian\u00a0multinational\u00a0electrical equipment\u00a0company, based in\u00a0Noida. It was founded by Haveli Ram Gandhi, later sold to\u00a0Qimat Rai Gupta\u00a0who was his distributor. The company manufactures\u00a0home appliances,\u00a0lighting\u00a0for domestic, commercial and industrial applications,\u00a0LED lighting,\u00a0fans, modular switches and wiring accessories,\u00a0water heaters, industrial and domestic circuit… Continue reading Relationship of Havells India with Nifty50.<\/span><\/a><\/p>\n","protected":false},"author":139040,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[],"class_list":["post-19178","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\/19178","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\/139040"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19178"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/19178\/revisions"}],"predecessor-version":[{"id":19179,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/19178\/revisions\/19179"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19178"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}