Author:<\/strong> Mohit Kumar<\/p>\n Introduction:<\/strong> Mahindra & Mahindra Limited (M&M) is an Indian multinational automotive manufacturing corporation headquartered in Mumbai. It was established in 1945 as Mahindra & Mohammed and later renamed Mahindra & Mahindra. Part of the Mahindra Group, M&M is one of the largest vehicle manufacturers by production in India. Its unit, Mahindra Tractors, is the largest manufacturer of tractors in the world by volume. It was ranked 17th on a list of top companies in India by Fortune India 500 in 2018.<\/p>\n Objective: <\/strong>To calculate beta and find its significance.<\/p>\n Views & Reviews: <\/strong>Mumbai-based automotive-to-technology major Mahindra & Mahindra has entered the World Index list of companies in the Dow Jones Sustainability Index (DJSI) 2021. The company says inclusion in these Indices is a recognition of Mahindra & Mahindra leadership in the ESG domain, the company has committed to be a carbon neutral company by 2040.<\/p>\n Data collection:<\/strong> Data is downloaded from https:\/\/www.niftyindices.com\/reports\/historical-data<\/a> for 1-2-2023 to 31-1-2024.<\/p>\n Data Analysis: <\/strong>Return on M&M=0.0018+1.2773(Return on Nifty), R-squared=0.3059<\/p>\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4.5028 (t stat)<\/p>\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 The above equation shows the relationship between Nifty 50 and M&M. M&M is a dependent variable and Nifty 50 is an independent variable. Positive sign means if Return on Nifty 50 rises, return on M&M also rises. If Nifty rises by 1, M&M will rise by 1.2773 & vice-versa. No of observation are 48. Figure in bracket 4.5028 is t test for b. The p value for which is 0.00 which means Return on Nifty 50 is statistically significance at 5% level. R square is 0.3059 which means 30.59% of variances in M&M are explained by Return on Nifty 50 in other words 69.41% is due to the variables which are not in the model. F is 20.27. P value for this is 0.00 which means overall the model is statistically significant at 5% level.<\/p>\n Conclusion: <\/strong>Beta is 0.0018 which means this is good for long-term investment.<\/p>\n Resources:<\/strong><\/p>\n https:\/\/www.niftyindices.com\/reports\/historical-data<\/a><\/p>\n https:\/\/www.livemint.com\/companies\/news\/here-is-what-anand-mahindra-says-as-m-m-became-1st-india-auto-company-to-feature-in-dow-jones-si-11637996608194.html<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Relationship of Nifty 50 with Mahindra & Mahindra Author: Mohit Kumar Introduction: Mahindra & Mahindra Limited (M&M) is an Indian multinational automotive manufacturing corporation headquartered in Mumbai. It was established in 1945 as Mahindra & Mohammed and later renamed Mahindra & Mahindra. Part of the Mahindra Group, M&M is one of the largest vehicle manufacturers… Continue reading Relationship of Nifty 50 with Mahindra & Mahindra<\/span><\/a><\/p>\n","protected":false},"author":139371,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[],"class_list":["post-20375","post","type-post","status-publish","format-standard","hentry","category-investing","entry"],"_links":{"self":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/20375","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\/139371"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20375"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/20375\/revisions"}],"predecessor-version":[{"id":20376,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/20375\/revisions\/20376"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20375"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20375"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}