{"id":19191,"date":"2023-12-23T11:20:50","date_gmt":"2023-12-23T05:50:50","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=19191"},"modified":"2023-12-23T11:20:50","modified_gmt":"2023-12-23T05:50:50","slug":"the-relationship-of-polycab-with-nifty-50","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=19191","title":{"rendered":"The relationship of POLYCAB with nifty 50"},"content":{"rendered":"<p><u>\u00a0<\/u><\/p>\n<p><strong><u>The relationship of POLYCAB with nifty 50<\/u><\/strong><\/p>\n<p><strong><u>\u00a0<\/u><\/strong><\/p>\n<p><strong><u>Author<\/u><\/strong><strong>&#8211; Prakhar Srivastava.<\/strong><\/p>\n<p><strong><u>Introduction<\/u><\/strong> &#8211; Polycab is engaged in the business of manufacturing and selling wires and cables and fast-moving electrical goods \u2018FMEG\u2019 under the \u2018POLYCAB\u2019 brand. Apart from wires and cables, we manufacture and sell FMEG products such as electric fans, LED lighting and luminaires, switches and switchgear, solar products, and conduits &amp; accessories.<\/p>\n<p>Our promoters collectively have more than four decades of experience among them. Our Company was incorporated as \u2018Polycab Wires Private Limited\u2019 on January 10, 1996, at Mumbai as a private limited company under the Companies Act, 1956.<\/p>\n<p><strong><u>Objective<\/u><\/strong> \u2013 to calculate BETA and find its significance<strong>.<\/strong><\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<p><strong><u>Views and Reviews<\/u><\/strong><strong>&#8211; <\/strong>Polycab has emerged as a clear winner in the Indian wire and cable sector, capitalizing on the growing demand for electrical infrastructure due to increased urbanization and infrastructure development.<\/p>\n<ul>\n<li>Polycab has emerged as a\u00a0clear winner\u00a0in the Indian wire and cable sector,\u00a0capitalizing on the growing demand for electrical infrastructure due to increased urbanization and infrastructure development.<\/li>\n<li>The company&#8217;s\u00a0strong brand recognition, wide product portfolio, and efficient distribution network\u00a0have solidified its market position.<\/li>\n<li>Consistent financial performance and positive growth outlook fuel\u00a0optimism for further potential in the future.<\/li>\n<\/ul>\n<p><strong><u>Data collection<\/u><\/strong> <strong>\u2013 data is collected from <a href=\"https:\/\/www.nseindia.com\/reports-indices-historical-index-data\">https:\/\/www.nseindia.com\/reports-indices-historical-index-data<\/a>, <a href=\"https:\/\/www.nseindia.com\/get-quotes\/equity?symbol=POLYCAB#info-historicaldata\">https:\/\/www.nseindia.com\/get-quotes\/equity?symbol=POLYCAB#info-historicaldata<\/a> from 1 dec 2022 to 30 nov 2023.<\/strong><\/p>\n<p><strong><u>Data analysis <\/u><\/strong><\/p>\n<p>Regression equation: Return of polycab = 21891.88 \u00a0-0.97242 (return of nifty 50)<\/p>\n<p>\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\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0R square = 0.70062\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\u00a0\u00a0(10.598)<\/p>\n<p>\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\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 F = 112.3313<\/p>\n<p>\u00a0<\/p>\n<p>Interpretation- in the above equation shows the relationship between nifty50 and polycab share . return of polycab is dependent variable and return of nifty 50 is dependent variable. Negative sign means if nifty 50 rises, polycab share price will fall by <strong><u>0.97242 <\/u><\/strong>unit and visa versa. <strong>. No of observation are 50. Figure which is written in bracket 10.598 is t test for b. The P value for which is 3.65E-14 which means Nifty 50 is statistically insignificant at 5% level. R square is 0.70062 \u00a0which means 70% of variances in polycab share price are explained by Nifty 50 in other words 30% is error means 30% is due to the variables which are no in the model. F is \u00a0<\/strong>112.3313 <strong>Overall model is statistically insignificant at 5% level.<\/strong><\/p>\n<p><strong><u>Conclusion : \u00a0beta is 21891.88 is less than means polycab is good for short term investment.<\/u><\/strong><\/p>\n<p><sub>Reference:<\/sub><\/p>\n<p><sub><a href=\"https:\/\/www.nseindia.com\/\">https:\/\/www.nseindia.com\/<\/a><\/sub><\/p>\n<p><strong><a href=\"https:\/\/www.nseindia.com\/reports-indices-historical-index-data\">https:\/\/www.nseindia.com\/reports-indices-historical-index-data<\/a>, <a href=\"https:\/\/www.nseindia.com\/get-quotes\/equity?symbol=POLYCAB#info-historicaldata\">https:\/\/www.nseindia.com\/get-quotes\/equity?symbol=POLYCAB#info-historicaldata<\/a><\/strong><\/p>\n<p><sub>\u00a0<\/sub><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0 The relationship of POLYCAB with nifty 50 \u00a0 Author&#8211; Prakhar Srivastava. Introduction &#8211; Polycab is engaged in the business of manufacturing and selling wires and cables and fast-moving electrical goods \u2018FMEG\u2019 under the \u2018POLYCAB\u2019 brand. Apart from wires and cables, we manufacture and sell FMEG products such as electric fans, LED lighting and luminaires,&hellip; <a class=\"more-link\" href=\"http:\/\/www.sachdevajk.in\/?p=19191\">Continue reading <span class=\"screen-reader-text\">The relationship of POLYCAB with nifty 50<\/span><\/a><\/p>\n","protected":false},"author":139044,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[],"class_list":["post-19191","post","type-post","status-publish","format-standard","hentry","category-investing","entry"],"_links":{"self":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/19191","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\/139044"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19191"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/19191\/revisions"}],"predecessor-version":[{"id":19192,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/19191\/revisions\/19192"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19191"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19191"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19191"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}