Title: RELATIONSHIP BETWEEN POLYCAB with Nifty50.<\/p>\n
Author: <\/strong>Pratiksha Thakur<\/p>\n Intro<\/strong>: POLYCAB India Limited is\u00a0India’s largest manufacturer and seller of an extensive range of Wires and Cables, and a prominent player in the Fast-Moving Electrical Goods (FMEG) industry with an established export presence. that give meaning to our individual and collective efforts. 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 & accessories.<\/p>\n 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 \u00a0<\/p>\n Objective<\/strong>: To calculate Beta and its significance.<\/p>\n Views and Reviews<\/strong>: POLYCAB Wires is\u00a0rated 4.0 out of 5<\/strong>, based on 1k reviews by employees on Ambition Box. POLYCAB Wires is known for Salary & Benefits which is rated at the top. 51%of employees would recommend working at POLYCAB wires to a friend and 60%have a positive outlook for the business .this rating has improve by 7% over the last 12 months<\/p>\n \u00a0<\/p>\n<\/p>\n Data collection<\/strong>: Nifty and POLYCAB closing price was collected from NSE website. Weekly return of Nifty is termed as \u201cX\u201d and weekly return of POLYCAB 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 Data Analysis<\/strong>:<\/p>\n Equation: Y=-1.45269+0.973308x<\/p>\n Interpretation:<\/p>\n \u00a0The above equation shows the relation between Nifty50 and POLYCAB.<\/p>\n Return of POLYCAB is dependent variable and return of Nifty50 is independent variable.<\/p>\n Positive sign means if Nifty50 rises by 1 unit then share price of POLYCAB will also rise by 0.91 and vice-versa.<\/p>\n Number of observations are 50.<\/p>\n -2.427 is the t-stat for Y, the p-value for which is 0.018996.<\/p>\n R square is 0.0.917557 which means 91% of variances in POLYCAB are explained by Nifty.<\/p>\n F is 1.16, p-value for this is 0.-018996 which means model is statistically significant at 1% level.<\/p>\n \u00a0<\/p>\n Conclusion<\/strong>: Beta is -1.45269 which is less than 1, it means that POLYCAB is good for long term investment.<\/p>\n Reference<\/strong>:<\/p>\n https:\/\/www.nseindia.com\/<\/p>\n","protected":false},"excerpt":{"rendered":" Title: RELATIONSHIP BETWEEN POLYCAB with Nifty50. Author: Pratiksha Thakur Intro: POLYCAB India Limited is\u00a0India’s largest manufacturer and seller of an extensive range of Wires and Cables, and a prominent player in the Fast-Moving Electrical Goods (FMEG) industry with an established export presence. that give meaning to our individual and collective efforts. POLYCAB is engaged in… Continue reading RELATIONSHIP BETWEEN POLYCAB with Nifty50<\/span><\/a><\/p>\n","protected":false},"author":139131,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[],"class_list":["post-19385","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\/19385","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\/139131"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19385"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/19385\/revisions"}],"predecessor-version":[{"id":19386,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/19385\/revisions\/19386"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19385"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19385"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}