{"id":19674,"date":"2024-01-29T20:23:16","date_gmt":"2024-01-29T14:53:16","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=19674"},"modified":"2024-01-29T20:23:16","modified_gmt":"2024-01-29T14:53:16","slug":"relationship-of-supreme-industries-with-nifty50","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=19674","title":{"rendered":"relationship of supreme industries with Nifty50"},"content":{"rendered":"

Title: Relationship of Supreme industries Limited with Nifty50.<\/span><\/span><\/p>\n

Author: Sahil Vivek Thakur<\/span><\/span><\/p>\n

Introduction<\/span><\/span>: Supreme Industries Ltd is a prominent Indian company engaged in the manufacturing and distribution of plastic products. It is involved in producing a wide range of plastic products, including pipes, fittings, storage tanks, packaging materials, and other industrial and consumer products. The company serves various sectors, including agriculture, infrastructure, construction, and consumer goods.<\/span><\/span><\/p>\n

In the initial years, the company started as a small unit producing refractory and later expanded its operations into the manufacturing of plastic products.<\/span><\/span><\/p>\n

1958:<\/span><\/span> The company began manufacturing PVC pipes, which marked its entry into the plastics industry.<\/span><\/span><\/p>\n

1970s-1980s:<\/span><\/span> Supreme Industries expanded its product portfolio to include various plastic products such as storage tanks, <\/span><\/span>molded<\/span><\/span> furniture, industrial components, and more.<\/span><\/span><\/p>\n

1990s:<\/span><\/span> The company continued to diversify its product range and strengthen its position in the plastic industry. It introduced innovative products and technologies, contributing to its growth.<\/span><\/span><\/p>\n

2000s:<\/span><\/span> Supreme Industries became one of the leading players in the plastic industry in India. It gained recognition for its quality products and diverse applications<\/span><\/span>.<\/span><\/span><\/p>\n

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Objectives: To calculate beta and find its significance.<\/span><\/span><\/p>\n

Views & Reviews: <\/span><\/span><\/p>\n

supreme<\/span><\/span> has TTM P\/E ratio 5<\/span><\/span>0<\/span><\/span>.94 as compared to the sector P\/E of 1<\/span><\/span>7<\/span><\/span>.<\/span><\/span>50<\/span><\/span>. <\/span><\/span>it would benefit from demand across whole world and according to analyst it is a high strong buying stock with good return.<\/span><\/span><\/p>\n

Data collection: Nifty and <\/span><\/span>Supreme<\/span><\/span> closing price was collected from NSE website. Weekly return of Nifty is termed as \u201cX\u201d and weekly return of REC Limited is termed as \u201cY<\/span><\/span>\u201d.<\/span><\/span>Besides that, a few other things written in this report are taken from other websites and its information is provided in references.<\/span><\/span><\/p>\n

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

Equation: Y=<\/span><\/span>1.34232<\/span><\/span>+<\/span><\/span>0.5044x<\/span><\/span><\/p>\n

Interpretation:<\/span><\/span><\/p>\n

The above equation shows the relation between Nifty50 and <\/span><\/span>Supreme industries ltd<\/span><\/span><\/p>\n

Return of <\/span><\/span>supreme industries <\/span><\/span>Limited is dependent variable and return of Nifty50 is independent variable.<\/span><\/span><\/p>\n

Positive sign means if Nifty50 rises by 1 unit then share price of <\/span><\/span>supreme industries Limited <\/span><\/span>will also rise by 0.0<\/span><\/span>222<\/span><\/span> and vice-versa.<\/span><\/span><\/p>\n

Number of observations are <\/span><\/span>50<\/span><\/span>.<\/span><\/span><\/p>\n

1.0455<\/span><\/span> is the t-stat for Y, the p-value for which is 0.<\/span><\/span>3009<\/span><\/span><\/p>\n

R square is 0.0<\/span><\/span>222<\/span><\/span> which means 0.<\/span><\/span>2<\/span><\/span>% of variances in <\/span><\/span>supreme industries Limited <\/span><\/span>are explained by Nifty. <\/span><\/span><\/p>\n

F is <\/span><\/span>1.09322<\/span><\/span>, p-value for this is 0<\/span><\/span>3009<\/span><\/span> which means model is statistically significant at 1% level.<\/span><\/span><\/p>\n

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Conclusion: Beta is <\/span><\/span>-1.34232<\/span><\/span> which is less than 1, it means that <\/span><\/span>supreme industries limited<\/span><\/span> is good for long term investment.<\/span><\/span><\/p>\n

Reference: <\/span><\/span>https:\/\/www.nseindia.com\/reports-indices-historical-index-data<\/span><\/span><\/a><\/p>\n

\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<\/span><\/span>https:\/\/www.nseindia.com\/get-quotes\/equity?symbol=SUPREMEIND<\/span><\/span><\/a><\/p>\n

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Title: Relationship of Supreme industries Limited with Nifty50. Author: Sahil Vivek Thakur Introduction: Supreme Industries Ltd is a prominent Indian company engaged in the manufacturing and distribution of plastic products. It is involved in producing a wide range of plastic products, including pipes, fittings, storage tanks, packaging materials, and other industrial and consumer products. The… Continue reading relationship of supreme industries with Nifty50<\/span><\/a><\/p>\n","protected":false},"author":139216,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[],"class_list":["post-19674","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\/19674","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\/139216"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19674"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/19674\/revisions"}],"predecessor-version":[{"id":19675,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/19674\/revisions\/19675"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19674"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19674"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19674"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}