{"id":19188,"date":"2023-12-23T00:30:04","date_gmt":"2023-12-22T19:00:04","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=19188"},"modified":"2023-12-23T00:30:48","modified_gmt":"2023-12-22T19:00:48","slug":"relationship-of-vrl-logistics-ltd-with-nifty50","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=19188","title":{"rendered":"Relationship of VRL Logistics Ltd. with Nifty50"},"content":{"rendered":"

TITLE: <\/strong>Relationship of VRL Logistics Ltd. with Nifty50<\/p>\n

AUTHOR: <\/strong>Vaibhav Chaudhary<\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Batch = Finance 4 (F4)<\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 ITM Business School<\/p>\n

INTRODUCTION: <\/strong>\u00a0F<\/strong>ounded in 1976, VRL is public listed company on NSE & BSE Exchange with a Market capitalization of INR 55.89 billion (as on 31.03.2023), we grown into a nationally renowned logistics and transport company which is also currently the largest fleet owner of commercial vehicles in India. VRL has pioneered in providing a safe and reliable logistics network in the field of parcel service, ensuring last mile delivery even in remote locations. We integrated hub-and-spoke operating model which enables optimal aggregation of consignments from a diversified customer base across multiple industries and locations.<\/p>\n

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

VIEWS AND REVIEWS: <\/strong>The revenues of VRL LOGISTICS stood at Rs 26,634 m in FY23, which was up 10.5% compared to Rs 24,105 m reported in FY22.VRL LOGISTICS’ revenue has grown from Rs 21,175 m in FY19 to Rs 26,634 m in FY23.Over the past 5 years, the revenue of VRL LOGISTICS has grown at a CAGR of 5.9%.<\/p>\n

DATA COLLECTION: <\/strong>Nifty and VRL Logistics LTD. closing price was collected from NSE website. Weekly return of Nifty is termed as \u201cX\u201d and weekly return of VRL Logistics Ltd. is termed as \u201cY\u201d. Besides that, a few other things written in this report are taken from other websites and its information is provided in references.<\/p>\n

\u00a0<\/strong><\/p>\n

DATA ANALYSIS:<\/strong><\/p>\n

\u00a0<\/strong>Equation: \u00a0\u00a0\u00a0\u00a0Y = -0.315571517 + 0.02848743X<\/p>\n

    \n
  1. of Observations = 49<\/li>\n<\/ol>\n

    R-square = 0.000095217<\/p>\n

    F-static = 0.004475666<\/p>\n

    P-value = 0.946944763<\/p>\n

    \u00a0<\/p>\n

    INTERPRETATION:<\/strong><\/p>\n

    The above equation shows the relation between Nifty50 and VRL Logistics Ltd.<\/p>\n

    Return of VRL Logistics Ltd. is dependent variable and return of Nifty50 is independent variable.<\/p>\n

    Negative sign means if Nifty50 is less by 1 unit then share price of VRL Logistics Ltd will also less by 0.000095217 and vice-versa.<\/p>\n

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

    0.0669 is the t-stat for Y, the p-value for which is 0.946944763<\/p>\n

    R square is 0.000095217 \u00a0which means 0% of variances in VRL Logistics Ltd. are explained by Nifty.<\/p>\n

    F is 0.004475666, p-value for this 0.946944763 which means model is statistically significant at 1% level.<\/p>\n

    \u00a0<\/p>\n

    CONCLUSION: <\/strong>Beta is -0.315571517 \u00a0which is less than 1, it means that VRL Logistics Ltd.is good for long term investment.<\/p>\n

    REFERENCES:<\/strong><\/p>\n

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

    https:\/\/www.vrlgroup.in\/vrl_group_home.aspx<\/a><\/strong><\/p>\n

    https:\/\/www.nseindia.com\/get-quotes\/equity?symbol=VRLLOG<\/a><\/strong><\/p>\n

    \u00a0<\/strong><\/p>\n

    \u00a0<\/strong><\/p>\n

    \u00a0<\/p>\n

    \u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

    TITLE: Relationship of VRL Logistics Ltd. with Nifty50 AUTHOR: Vaibhav Chaudhary \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Batch = Finance 4 (F4) \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 ITM Business School INTRODUCTION: \u00a0Founded in 1976, VRL is public listed company on NSE & BSE Exchange with a Market capitalization of INR 55.89 billion (as on 31.03.2023), we grown into a nationally renowned logistics and transport… Continue reading Relationship of VRL Logistics Ltd. with Nifty50<\/span><\/a><\/p>\n","protected":false},"author":139042,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[],"class_list":["post-19188","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\/19188","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\/139042"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19188"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/19188\/revisions"}],"predecessor-version":[{"id":19189,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/19188\/revisions\/19189"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19188"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}