{"id":19325,"date":"2023-12-26T14:09:09","date_gmt":"2023-12-26T08:39:09","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=19325"},"modified":"2023-12-26T14:09:09","modified_gmt":"2023-12-26T08:39:09","slug":"relationship-between-nifty-50-and-adaniports","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=19325","title":{"rendered":"Relationship between Nifty 50 and ADANIPORTS"},"content":{"rendered":"

Author: <\/strong>Asadullah Khan<\/p>\n

Introduction: Adani Ports<\/strong>, a flagship entity of the Adani Group, is a key player in India’s port sector. Renowned for its state-of-the-art facilities and strategic approach, Adani Ports<\/strong> is a vital contributor to the nation’s maritime infrastructure. With a focus on cutting-edge technology and sustainability, the company plays a pivotal role in facilitating efficient and seamless trade. Adani Ports is at the forefront of transforming India’s logistics landscape, fostering economic growth and connectivity through its innovative port solutions.<\/p>\n

Objective:<\/strong> The objective is to determine the value of \u00df (Beta) which is the coefficient of variable X, which denotes the relationship between dependent (Adani Ports) <\/strong>and independent variable (Nifty 50).<\/p>\n

Views and reviews:<\/strong><\/p>\n

    \n
  1. Goldman Sachs<\/strong> has maintained its ‘Buy’ rating on\u00a0Adani Ports & Special Economic Zone Ltd<\/strong><\/a>(Adani Ports) <\/strong>and revised its target price on the stock to Rs 855 compared with Rs 820 earlier, saying the stock should do well from hereon, especially if growth in H2 surprises. The foreign brokerage is expecting the Adani group firm to report a volume of 407 million tones, which would be far higher than the company’s FY24 volume guidance of 370-390 million tones.<\/li>\n
  2. Karan Adani<\/strong> says shares of Adani Ports and Special Economic Zone Ltd (Adani Ports)<\/strong> climbed 3 per cent in Friday’s trade after the Adani Group firm said it handled 37 million metric tones (MMT) of total cargo in October, up 48 per cent on year-on-year (YoY) basis. In a filing to BSE, the largest integrated transport utility in India said its total cargo volume of in India the surpassed the 35-MMT mark for the first time in the company\u2019s history, to touch 36 MMT, reflecting a growth of 43 per cent YoY.<\/li>\n<\/ol>\n

    Data collection:<\/strong> There are two parts in the data collection:<\/p>\n

      \n
    1. Collecting the historical data of Nifty50 from the website of NSE India from 01\/10\/2022 to 30\/09\/2023. After collection of the entire data of the given time period only the data of Fridays are taken by sorting the whole data. According to the closing data of Nifty 50 of the time period, return values are collected using the formula of return.<\/li>\n
    2. Collecting the historical data of equity (Adani Ports) <\/strong>from the website of NSE India from 01\/10\/2022 to 30\/09\/2023. After collection of the entire data of the given time period only the data of Fridays are taken by sorting the whole data. According to the closing data of Nifty 50 of the time period, return values are collected using the formula of return.<\/li>\n<\/ol>\n

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

      Correlation = 0.0499<\/p>\n

      Nifty 50 (X)= Independent Variable<\/p>\n

      Adani Ports (Y)= Dependent Variable<\/p>\n

      Adani Ports=0.132653309 + 0.24388328(Nifty 50)<\/p>\n

      \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\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.3431481<\/p>\n

      N=49, Square of R=0.002, F=0.118, P Value=0.733<\/p>\n

      The above equation shows us the relationship between Nifty 50 and Adani Ports. Adani Ports is the dependent variable and Nifty 50 is the independent variable. The positive sign shows there is a positive relation and that if Nifty 50 rises Adani Ports also rises and vice versa.<\/p>\n

      \u00a0<\/p>\n

      If Nifty 50 rises by \u20b91, Adani Ports will also increase by 24p.<\/p>\n

      \u00a0<\/p>\n

      \u00a0Figure in bracket in t stat is 0.343 which means income is statistically insignificant at 1% level.<\/p>\n

      \u00a0The number of observations is 49.<\/p>\n

      \u00a0r square is 0.002499<\/p>\n

      \u00a0<\/p>\n

      \u00a0Which means 0% of Adani Ports increase rate is dependent on nifty 50\u2019s.<\/p>\n

      \u00a0in other words, 100% is error which may be due to other variables we are not taken in the model.<\/p>\n

      \u00a0F is 0.117 and the p value is 0.73 which means overall the model is statistically insignificant at 1% level<\/p>\n

      Conclusion:<\/strong> Beta is -0.2903 is less than 1, which means Britannia is good for long-term investment.<\/p>\n

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

        \n
      1. Business Today. (2023, November 3). Adani Ports shares jump 3% on volume; Israel updates: <\/strong>Here\u2019s what Karan Adani says<\/strong><\/a><\/li>\n
      2. Business Today. (2023, November 23). <\/strong>Goldman Sachs ups Adani Ports stock price target to Rs 855.<\/strong><\/a><\/li>\n
      3. National Stock Exchange of India. (n.d.). Reports & Indices \u2013 Historical Index Data. Retrieved December 25, 2023, from <\/strong>https:\/\/www.nseindia.com\/reports-indices-historical-index-data 3<\/strong><\/a><\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

        Author: Asadullah Khan Introduction: Adani Ports, a flagship entity of the Adani Group, is a key player in India’s port sector. Renowned for its state-of-the-art facilities and strategic approach, Adani Ports is a vital contributor to the nation’s maritime infrastructure. With a focus on cutting-edge technology and sustainability, the company plays a pivotal role in… Continue reading Relationship between Nifty 50 and ADANIPORTS<\/span><\/a><\/p>\n","protected":false},"author":139096,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[],"class_list":["post-19325","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\/19325","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\/139096"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19325"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/19325\/revisions"}],"predecessor-version":[{"id":19326,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/19325\/revisions\/19326"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19325"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}