Title: Relationship between Nifty and Adani Greens <\/u><\/p>\n
Author: Anusha Jeevan Saliyan<\/p>\n
\u00a0<\/p>\n
Introduction<\/strong><\/p>\n Adani Green Energy Limited (AGEL) is one of the largest renewable companies in India, with a current project portfolio of 20,434 MW. AGEL is part of the Adani Group\u2019s promise to provide a better, cleaner and greener future for India. Driven by the Group\u2019s philosophy of \u2018Growth with Goodness\u2019, the Company develops, builds, owns, operates and maintains utility-scale grid-connected solar and wind farm projects. The electricity generated is supplied to central and state government entities and government-backed corporations.<\/p>\n \u00a0<\/p>\n Objective<\/u><\/strong>– <\/strong>To calculate Beta and its significance.<\/p>\n \u00a0<\/p>\n Views & Review<\/u><\/strong>– \u00a0\u00a0Amit Singh, the CEO of AGEL, shared the company’s aim to deliver over 45 GW of renewable energy. This would be a five-fold increase from its current operating portfolio and better align with India’s target of achieving 500 GW non-fossil fuel capacity by 2030.<\/p>\n He said, “Adani Green is committed to not only enabling India’s decarbonization goals but also contributing towards the Atmanirbhar Bharat vision. We are glad to conclude the largest green PPA and enable a sustainable energy landscape. This reaffirms our resolve to provide affordable and accessible clean energy.” Gautam Adani also plan to inject $1 billion equity into the firm. This would allow the company to raise debt without harming its credit metrics.<\/p>\n \u00a0<\/p>\n Data Collection<\/u><\/strong>– <\/strong>The data is downloaded from the website nseindia.com. The data was extracted for the period 1-10-2022 to 30-09-2023, and the entire data except the data and closing price for the end of the week were excluded. The returns were calculated with the previous week\u2019s return as the base.<\/p>\n Weekly returns of Nifty= x<\/p>\n Weekly returns of Adani Green =y<\/p>\n Linear regression was carried out.<\/p>\n \u00a0<\/p>\n Data Analysis<\/u><\/strong>–<\/strong><\/p>\n \u00a0<\/strong>The regression equation is: \u00a0Adani Green LTD = \u00a0(<\/strong>0.747401+ 1286.754)Nifty<\/p>\n The above equation shows the relationship between Adani Green Ltd and Nifty Index. Equity is the dependent variable and Nifty is the independent variable. The correlation is 0.989524596<\/strong>. \u00a0The positive sign indicates that, if Nifty rises Equity also rises, and vice versa. If Nifty rises one unit and the p-value is 0.989525. Number of observations are 50.<\/p>\n The R square is 3.706<\/p>\n \u00a0<\/u><\/strong><\/p>\n Conclusions<\/u><\/strong>:<\/p>\n Beta is 0.747<\/p>\n Since Beta is 0.747 which is less than 1, it is advisable to invest for a long time as it is less volatile.<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n Reference :<\/u><\/strong><\/p>\n https:\/\/www.business-standard.com\/companies\/news\/adani-green-energy-completes-power-purchase-project-of-8-000-mw-for-seci-123122500333_1.html<\/a><\/u><\/p>\n https:\/\/www.nseindia.com\/reports-indices-historical-index-data<\/a><\/p>\n \u00a0<\/u><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" Title: Relationship between Nifty and Adani Greens Author: Anusha Jeevan Saliyan \u00a0 Introduction Adani Green Energy Limited (AGEL) is one of the largest renewable companies in India, with a current project portfolio of 20,434 MW. AGEL is part of the Adani Group\u2019s promise to provide a better, cleaner and greener future for India. Driven by… Continue reading Relationship Between Nifty and Adani Green Ltd<\/span><\/a><\/p>\n","protected":false},"author":139132,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[],"class_list":["post-19389","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\/19389","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\/139132"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19389"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/19389\/revisions"}],"predecessor-version":[{"id":19390,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/19389\/revisions\/19390"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19389"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19389"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}