{"id":20383,"date":"2024-02-29T14:10:59","date_gmt":"2024-02-29T08:40:59","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=20383"},"modified":"2024-02-29T14:10:59","modified_gmt":"2024-02-29T08:40:59","slug":"relationship-between-nifty-50-with-pidilite-industries-limited","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=20383","title":{"rendered":"Relationship between Nifty 50 with Pidilite Industries Limited"},"content":{"rendered":"<p>\u00a0<\/p>\n<p><strong>Relationship of Nifty 50 with Pidilite Industries Limited Equity<\/strong><\/p>\n<p>Author-Payal Tiwari<\/p>\n<p><strong>Introduction<\/strong>&#8211; Pidilite Industries Limited\u00a0is an Indian\u00a0adhesive manufacturing company\u00a0based in Andheri\u00a0(East), Mumbai.\u00a0The company is the dominant and leading adhesives company in India.\u00a0Pidilite also manufactures products across verticals such as art materials and stationery; food and fabric care; car products, adhesives, and sealants; and speciality industrial products like adhesives, pigments; textile resins, leather chemicals, and construction chemicals.<\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<p><strong>Objective-<\/strong> To calculate Beta of Pidilite Industries Limited and its significance.<\/p>\n<p><strong>View and Review<\/strong><\/p>\n<p>\u201cVision to take Pidilite to the next level and build an organization not just for today, but for centuries to come in a people friendly, global atmosphere has attracted top class talent\u201d.\u00a0&#8211; Madhukar Balvantray Parekh Chairman of Pidilite.<\/p>\n<p><strong>Data collection &#8211;<\/strong>The data is downloaded from the 1<sup>st<\/sup>\u00a0of February 2023 to the 31<sup>st<\/sup>\u00a0of January 2024 for Nifty 50\u00a0and Pidilite Industries Limited.<\/p>\n<p>Where, Nifty 50 is independent Variable.<\/p>\n<p>Pidilite is Dependent Variable.<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<table>\n<tbody>\n<tr>\n<td width=\"92\">\u00a0<\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>\u00a0<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><strong>Data Analysis:<\/strong><\/p>\n<p>The equation for the data is:<\/p>\n<p>Pidilite Industries Limited =(-0.0610)+(0.5275)=0.4665<\/p>\n<p>Where Nifty(X)=0.5275and Equity(Y)=-0.0610<\/p>\n<p>N=48, R square=0.1318577, F value=6.98670<\/p>\n<ul>\n<li>The above equation shows the relationship between nifty 50 and pidilite industries limited. Where, nifty 50 is independent variable and Pidilite Industries Limited is dependent variable.<\/li>\n<li>The Positive sign in the equation means that there is Direct relationship between Nifty 50 and Equity of Pidilite Industries Limited i.e. If the return of Nifty50 increases then the return will also increase.<\/li>\n<li>The number of observations is 48.<\/li>\n<li>R-Square= 0.1318<\/li>\n<li>Which means13% of Pidilite Industries Limited is explained by Nifty 50.\u00a031% are errors due to factors which are not in order.<\/li>\n<li>Figures in brackets is the t-stats for b and the p value of it is 0.01118 It is less than 0.5 which means Nifty 50 is statistically significant at 5% level.<\/li>\n<li>F is\u00a06.9867\u00a0and the P value is 0.0118\u00a0which is also less than 0.05 which means that\u00a0overall,\u00a0the model is statistically significant.<\/li>\n<\/ul>\n<p>\u00a0<\/p>\n<p><strong>Conclusion:<\/strong>\u00a0The beta is less than 1, therefore, we should invest for long term purpose.<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p><!--more--><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0 Relationship of Nifty 50 with Pidilite Industries Limited Equity Author-Payal Tiwari Introduction&#8211; Pidilite Industries Limited\u00a0is an Indian\u00a0adhesive manufacturing company\u00a0based in Andheri\u00a0(East), Mumbai.\u00a0The company is the dominant and leading adhesives company in India.\u00a0Pidilite also manufactures products across verticals such as art materials and stationery; food and fabric care; car products, adhesives, and sealants; and speciality&hellip; <a class=\"more-link\" href=\"http:\/\/www.sachdevajk.in\/?p=20383\">Continue reading <span class=\"screen-reader-text\">Relationship between Nifty 50 with Pidilite Industries Limited<\/span><\/a><\/p>\n","protected":false},"author":139370,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-20383","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/20383","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\/139370"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20383"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/20383\/revisions"}],"predecessor-version":[{"id":20384,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/20383\/revisions\/20384"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20383"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20383"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20383"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}