{"id":19634,"date":"2024-01-05T09:23:12","date_gmt":"2024-01-05T03:53:12","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=19634"},"modified":"2024-01-05T09:23:12","modified_gmt":"2024-01-05T03:53:12","slug":"relationship-of-sun-pharmaceauticals-with-nifty50","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=19634","title":{"rendered":"Relationship of SUN PHARMACEAUTICALS with NIFTY50."},"content":{"rendered":"

Title:<\/strong>\u00a0Relationship of \u00a0SUN PHARMACEAUTICALS with NIFTY50.<\/p>\n

Author<\/strong>: SALONI SINGH<\/p>\n

BATCH \u2013 F3<\/p>\n

ROLL NO- 21230023180<\/p>\n

Intro:<\/strong>\u00a0About Sun Pharmaceuticals<\/p>\n

Sun Pharmaceuticals, founded in 1983 by Dilip Shanghvi, is a prominent Indian pharmaceutical company. It is globally recognized for its extensive range of pharmaceutical products, including branded and generic formulations, as well as active pharmaceutical ingredients (APIs). The company operates in diverse therapeutic areas, has a strong international presence, and emphasizes research and development to provide innovative healthcare solutions. Sun Pharma is committed to affordability, quality, and corporate social responsibility, contributing significantly to the pharmaceutical\u00a0industry.<\/p>\n

Objective<\/strong>: To calculate Beta and its significance.<\/p>\n

\u00a0<\/p>\n

Data collection<\/strong>: Nifty and Sun Pharmaceuticals closing price was collected from NSE website. Weekly return of Nifty is termed as \u201cX\u201d and weekly return is Sun Pharmaceuticals 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\n\n\n
\n

Equation: Y=-0.299325379+-0.267584764<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\u00a0<\/p>\n

Interpretation:<\/p>\n

The above equation shows the relation between Nifty50 and Sun Pharmaceuticals<\/p>\n

Return of Sun Pharmaceuticals \u00a0\u00a0is dependent variable and return of Nifty50 is independent variable.<\/p>\n\n\n\n
\n

Positive sign means if Nifty50 rises by 1 unit then share price of Sun Pharmaceuticals \u00a0will also rise by -0.267584764<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\u00a0and vice-versa.<\/p>\n

Number of observations are 51.<\/p>\n\n\n\n
\n

-0.966193325 is the t-stat for Y, the p-value for which is 0.338892984<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

R square is 0.030867056 which means 1.024% of variances in Sun Pharmaceuticals \u00a0are explained by Nifty.<\/p>\n\n\n\n
\n

F is 1.496958331, p-value for this is 0.338892984<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

which means model is statistically significant at 1% level.<\/p>\n\n\n\n
\n

Conclusion<\/strong>: Beta is -0.267584764<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

which is less than 1, it means that ADITYA BIRLA CAPITAL is good for long term investment.<\/p>\n

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

https:\/\/www.nseindia.com\/<\/a><\/p>\n

\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Title:\u00a0Relationship of \u00a0SUN PHARMACEAUTICALS with NIFTY50. Author: SALONI SINGH BATCH \u2013 F3 ROLL NO- 21230023180 Intro:\u00a0About Sun Pharmaceuticals Sun Pharmaceuticals, founded in 1983 by Dilip Shanghvi, is a prominent Indian pharmaceutical company. It is globally recognized for its extensive range of pharmaceutical products, including branded and generic formulations, as well as active pharmaceutical ingredients (APIs).… Continue reading Relationship of SUN PHARMACEAUTICALS with NIFTY50.<\/span><\/a><\/p>\n","protected":false},"author":139211,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[],"class_list":["post-19634","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\/19634","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\/139211"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19634"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/19634\/revisions"}],"predecessor-version":[{"id":19635,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/19634\/revisions\/19635"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19634"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}