{"id":19299,"date":"2023-12-26T09:28:29","date_gmt":"2023-12-26T03:58:29","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=19299"},"modified":"2023-12-26T09:28:29","modified_gmt":"2023-12-26T03:58:29","slug":"relationship-between-nifty-50-and-raymond","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=19299","title":{"rendered":"Relationship Between Nifty 50 and Raymond"},"content":{"rendered":"

Author<\/u><\/strong>– Rishita Goyal<\/p>\n

Introduction<\/u><\/strong>– Raymond Group<\/strong>\u00a0is an Indian branded fabric and fashion retailer,\u00a0incorporated in 1925. It produces suiting fabric, with a capacity of producing 31 million meters of wool\u00a0and wool-blended fabrics. Raymond operates through a network of over 700 retail stores under “The Raymond Shop” banner. They own popular apparel brands like Raymond Premium Apparel,\u00a0Raymond Made to Measure,\u00a0Ethnic,\u00a0Park Avenue Woman ColorPlus,\u00a0Kamasutra,\u00a0and Parx.<\/p>\n

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

Views & Reviews<\/u><\/strong>– Industrialist Anand Mahindra:<\/strong>\u00a0Anand Mahindra,\u00a0head of the Mahindra Group,\u00a0has commended Raymond’s commitment to quality and innovation.\u00a0He sees the brand as a symbol of Indian excellence and a testament to the country’s manufacturing prowess.<\/p>\n

Business tycoon Ratan Tata:<\/strong>\u00a0“Raymond is a company that I respect for its commitment to excellence and its contribution to the Indian economy.”<\/p>\n

Actor Amitabh Bachchan:<\/strong>\u00a0“Raymond has been dressing generations of Indian men.\u00a0Their suits are synonymous with power and success.”<\/p>\n

Data Collection<\/u><\/strong>– Data is downloaded from https:\/\/www.nseindia.com\/reports-indices-historical-index-data<\/a> , https:\/\/www.nseindia.com\/get-quotes\/equity?symbol=RAYMOND<\/a> for the period 1\/11\/22 to 31\/10\/23 for every Friday and it\u2019s nifty returns and equity returns are calculated.<\/p>\n

Data Analysis<\/u><\/strong>– Raymond = 0.0682 Nifty 50 \u2013 0.4242<\/p>\n

(0.109) t stat<\/p>\n

N = 49, R2 <\/sup>=0.000253, F = 0.0119, P Value = 0.91<\/p>\n

Interpretation<\/u><\/strong>– The above equation shows the relationship between Nifty 50 and Raymond share. Return of Raymond is dependent variable and Return of Nifty 50 is independent variable. Positive sign means if Nifty 50 price rises, Raymond share price also rises and vice-versa. If Nifty 50 price rises 1 unit, Raymond share price will rise by 0.0682 unit. No of observation are 49. T stat for b (coefficient of nifty) is 0.109. The P value for which is 0.91 which means Nifty 50 is statistically insignificant at 5% level. R square is 0.000253 which means 0.0253% of variances in Raymond share price are explained by Nifty 50 in other words 99.975% is error. Due to the variables which are not in the model F is 0.0119. Overall, model is statistically insignificant at 5% level.<\/p>\n

Conclusion<\/u><\/strong>: Beta is 0.0682 is less than 1 it means Raymond is good for long term investment.<\/p>\n","protected":false},"excerpt":{"rendered":"

Author– Rishita Goyal Introduction– Raymond Group\u00a0is an Indian branded fabric and fashion retailer,\u00a0incorporated in 1925. It produces suiting fabric, with a capacity of producing 31 million meters of wool\u00a0and wool-blended fabrics. Raymond operates through a network of over 700 retail stores under “The Raymond Shop” banner. They own popular apparel brands like Raymond Premium Apparel,\u00a0Raymond… Continue reading Relationship Between Nifty 50 and Raymond<\/span><\/a><\/p>\n","protected":false},"author":139090,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[],"class_list":["post-19299","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\/19299","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\/139090"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19299"}],"version-history":[{"count":2,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/19299\/revisions"}],"predecessor-version":[{"id":19301,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/19299\/revisions\/19301"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19299"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19299"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19299"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}