TITLE: \u00a0RELATIONSHIP OF NILKAMAL LIMITED WITH NIFTY 50<\/p>\n
AUTHOR: NILESH KUMAR<\/p>\n
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0BATCH F3 (FINANCE)<\/p>\n
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0ITM BUSINESS SCHOOL<\/p>\n
INTRODUCTION: \u00a0Nilkamal Ltd., founded in 1985, is a Small Cap business (with a market capitalization of Rs 3,339.88 Crore) in the Plastics sector. For the fiscal year ending 31-Mar-2023, Nilkamal Ltd.’s primary products\/revenue segments include Plastic Articles, Sales of Services, Other Operating Revenue, and Scrap. Nilkamal Limited, headquartered in Mumbai, Maharashtra, India, is Asia’s largest plastic processor of moulded items. It is also the world’s largest producer of moulded furniture. Plastic Furniture, Material Handling Crates and Bins, Baby Table, Centre Table, Dining Table, Planter, Rack, Stool, Industrial Pallets, Waste Bins, Insulated Crates, and more items are available under the Furniture category.<\/p>\n
\u00a0NILKAMAL currently trades at Rs 2,231.8 per share.<\/p>\n
\u00a0<\/p>\n
OBJECTIVE: To calculate beta and find its significance.<\/p>\n
VIEWS AND REVIEWS: The Consolidated revenue during the FY23 stood at 3,130 crores as against 2,730 crores of previous year resulting into growth of 15%, whereas the PAT stood at around 134 crore as against around 83 crores of FY22.\u00a0<\/p>\n
DATA COLLECTION<\/b><\/strong>:\u00a0Nifty and NILKAMAL LTD. closing price was collected from NSE website. Weekly return of Nifty is termed as \u201cX\u201d and weekly return of NILKAMAL Ltd. 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:<\/p>\n Equation: Y = -2612.56017+ 0.256686969X<\/p>\n R-square = 0.723646878<\/p>\n F-static = 125.6908186<\/p>\n P-value = 0.0000000000<\/p>\n INTERPRETATION: The above equation shows the relation between Nifty50 and NILKAMAL \u00a0Ltd. Return of NILKAMAL Ltd. is dependent variable and return of Nifty50 is independent variable.<\/p>\n Negative sign means if Nifty50 is less by 1 unit then share price of NILKAMAL \u00a0Ltd will also less by 0.000095217 and vice-versa.<\/p>\n Number of observations are 49.<\/p>\n \u00a011.21119167\u00a0is the t-stat for Y, the p-value for which is 0.0000000000<\/p>\n \u00a0R square is\u00a00.723646878\u00a0which means 0% of variances in NILKAMAL Ltd. are explained by Nifty. F is 125.6908186, p-value for this 0.0000000000<\/p>\n which means model is statistically significant at 1% level.<\/p>\n \u00a0CONCLUSION: Beta is -2612.56017 which is less than 1, it means that NILKAMAL Ltd.is good for long term investment.<\/p>\n \u00a0<\/p>\n \u00a0REFERENCES:<\/p>\n https:\/\/www.niftyindices.com\/reports\/historical-data<\/u><\/a><\/p>\n https:\/\/www.nseindia.com\/get-quotes\/equity?symbol=NILKAMAL<\/u><\/a><\/p>\n \u00a0<\/p>\n","protected":false},"excerpt":{"rendered":" TITLE: \u00a0RELATIONSHIP OF NILKAMAL LIMITED WITH NIFTY 50 AUTHOR: NILESH KUMAR \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0BATCH F3 (FINANCE) \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0ITM BUSINESS SCHOOL INTRODUCTION: \u00a0Nilkamal Ltd., founded in 1985, is a Small Cap business (with a market capitalization of Rs 3,339.88 Crore) in the Plastics sector. For the fiscal year ending 31-Mar-2023, Nilkamal Ltd.’s primary products\/revenue segments include Plastic Articles, Sales… Continue reading RELATIONSHIP OF NILKAMAL LIMITED WITH NIFTY 50<\/span><\/a><\/p>\n","protected":false},"author":139198,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[],"class_list":["post-19605","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\/19605","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\/139198"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19605"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/19605\/revisions"}],"predecessor-version":[{"id":19606,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/19605\/revisions\/19606"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19605"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n