{"id":19201,"date":"2023-12-26T08:52:52","date_gmt":"2023-12-26T03:22:52","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=19201"},"modified":"2023-12-26T08:52:52","modified_gmt":"2023-12-26T03:22:52","slug":"relationship-of-adani-enterprise-with-nifty50","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=19201","title":{"rendered":"Relationship of Adani Enterprise with Nifty50"},"content":{"rendered":"<p><strong>TITLE: Relationship of ADANI Enterprise with NIFTY50<\/strong><\/p>\n<p><strong><u>Author:<\/u><\/strong><strong> Ankita Mahendra Lagde.<\/strong><\/p>\n<p><strong><u>Introduction:<\/u><\/strong><\/p>\n<p>Adani Enterprise Limited (AEL) is an Indian multinational publicly listed holding company and a part of Adani Group. Adani Enterprise Limited is recognized as India\u2019s largest listed business incubator, with a focus on four core sectors: energy and utility, transportation and logistics, consumer goods, and primary industry.<\/p>\n<p><strong><u>Objectives:<\/u><\/strong> To calculate beta and find its significance<\/p>\n<p><strong><u>Views and Reviews:<\/u><\/strong> The price trend of Adani Enterprise is constantly changing. Adani Enterprise is good for short term investment.<\/p>\n<p><strong><u>DATA COLLECTION<\/u><\/strong><strong>: <\/strong>from <a href=\"https:\/\/www.nseindia.com\/\">https:\/\/www.nseindia.com\/<\/a><\/p>\n<p>For 01\/12\/2022 to 30\/11\/2023<\/p>\n<p><strong><u>Data Analysis:<\/u><\/strong><\/p>\n<p><strong><u>Regression Equation:<\/u><\/strong><\/p>\n<p>Return of Adani Enterprise = 1.81573 + 1.01858(Return on Nifty50)<\/p>\n<p><strong>R Square = 0.53097\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (7.3716)<\/strong><\/p>\n<p><strong>N = 49<\/strong><\/p>\n<p><strong>F = 54.33983<\/strong><\/p>\n<p><strong><u>Interpretation:<\/u><\/strong><\/p>\n<p>The above equation shows the relationship between Adani Enterprise shares and Nifty50. Return on equity is dependant variable and return on Nifty50is an independent variable.<\/p>\n<p>If Nifty rises by one unit, Adani enterprise will rise by 1.01858 unit. Number of observations are 49. Figure written in bracket 7.3716 is t-test for b. The P value for which is 1.99 which is more than 0.05, which means Nifty does not affect Adani Enterprise shares.<\/p>\n<p>R square is 0.5309 which means 53.09% of Adani Enterprise share prices are explained by Nifty 50 in other words 46.01% Adani Enterprise is depends on other fundamentals. F is 54.33983 and p value is 1.99 is more than 0.05. So, the model is not statistically significant at 5% level.<\/p>\n<p><strong><u>Conclusion:<\/u><\/strong><\/p>\n<p>As a Beta is 1.01858 which is more than 1% which means company is good for short term investment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TITLE: Relationship of ADANI Enterprise with NIFTY50 Author: Ankita Mahendra Lagde. Introduction: Adani Enterprise Limited (AEL) is an Indian multinational publicly listed holding company and a part of Adani Group. Adani Enterprise Limited is recognized as India\u2019s largest listed business incubator, with a focus on four core sectors: energy and utility, transportation and logistics, consumer&hellip; <a class=\"more-link\" href=\"http:\/\/www.sachdevajk.in\/?p=19201\">Continue reading <span class=\"screen-reader-text\">Relationship of Adani Enterprise with Nifty50<\/span><\/a><\/p>\n","protected":false},"author":139013,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[],"class_list":["post-19201","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\/19201","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\/139013"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19201"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/19201\/revisions"}],"predecessor-version":[{"id":19202,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/19201\/revisions\/19202"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19201"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}