{"id":20455,"date":"2024-03-01T08:24:17","date_gmt":"2024-03-01T02:54:17","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=20455"},"modified":"2024-03-01T08:24:17","modified_gmt":"2024-03-01T02:54:17","slug":"relationship-of-nilkamal-ltd-with-nifty50","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=20455","title":{"rendered":"Relationship of Nilkamal Ltd. with Nifty50"},"content":{"rendered":"

Title: Relationship of <\/span>Nilkamal<\/span> Ltd<\/span>. with Nifty50<\/span><\/p>\n

\u00a0<\/p>\n

Author<\/span>:<\/span>– <\/span>Niharika Singh<\/span><\/p>\n

Introduction<\/span>:<\/span> N<\/span>ilkamal<\/span> has to its credit, of being the world\u2019s largest producer of moulded plastic furniture<\/span>. <\/span>Brand <\/span>Nilkamal<\/span> has become a household name owing to its quality and reach of moulded furniture business across the deepest pockets of the country<\/span>. <\/span>The company<\/span> has gradually ventured into a multiplicity of businesses that pan across Material Handling Solutions, Ready Furniture, @Home \u2013 the brand\u2019s lifestyle home solutions retail chain, <\/span>Nilkamal<\/span> Mattrezzz<\/span>, and <\/span>Bubbleguard<\/span> \u2013 a material protection solution<\/span>.<\/span><\/p>\n

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

Views & reviews<\/span>: <\/span>Nilkamal<\/span> ltd. share price has been relatively stable in recent years,\u00a0although it has faced some fluctuations due to market conditions.\u00a0You can find detailed financial reports and analyst reviews on their website or financial news platforms. <\/span><\/p>\n

Data Collection<\/span>: <\/span>Data is downloaded from.<\/span><\/p>\n

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

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

\u00a0<\/p>\n

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

Regression Equation: <\/span>Return <\/span>of <\/span>Nilkamal<\/span> Ltd<\/span>. <\/span>=<\/span><\/p>\n

\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0Y= A + B *X<\/span>\u00a0 \u00a0 \u00a0<\/span><\/p>\n

\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Y=<\/span> -0.411<\/span> +<\/span> 0.423 <\/span>*<\/span> X<\/span><\/p>\n

\u00a0 \u00a0 \u00a0 \u00a0 R Square <\/span>= <\/span>0.00119505<\/span> \u00a0 \u00a0 <\/span>P value <\/span>=<\/span> 0.310694881<\/span><\/p>\n

\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 <\/span>F <\/span>= <\/span>1.050750128<\/span>\u00a0<\/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 <\/span>N=<\/span>48<\/span><\/p>\n

\u00a0<\/p>\n

Interpretation: <\/span>The above equation shows the relationship between NIFTY 50 <\/span>and <\/span>Nilkamal<\/span>Ltd<\/span>. share. Return of<\/span> Nilkamal<\/span> Ltd<\/span>. is dependent variable and Return of NIFTY 50 is independent <\/span>variable. Here the value is positive means there is a direct relationship.<\/span> That means when the Nifty50 rise Share price <\/span>also rise <\/span>and when the Nifty50 decrease the share price<\/span> decreases<\/span>. If NIFTY 50 price rises by 1 <\/span>unit, <\/span>Nilkamal<\/span> Ltd<\/span>. share price will rise by<\/span>0.00119505<\/span> unit & vice versa. No. of observations are 48. We know that in regression we determine the relationship between the two variables from P value. When the P value is more than 0.05 Null Hypothesis and the P value less than 0.05 is Alternate Hypothesis. Null <\/span>hypothesis means there is no relationship between the two variable and Alternate Hypothesis means there is relationship between the two variables. Here the P value for which is <\/span>0.<\/span>8156 <\/span>which means Null Hypothesis. Here the standard error is <\/span>3.484<\/span>. This happened due to some other <\/span>condition,<\/span> or we can say for other variable which are not in this model. Here the F value is <\/span>0.05503<\/span> and the P value is 0.<\/span>8156<\/span> which means overall model is statically significant at <\/span>5<\/span>% significant level.<\/span><\/p>\n

Conclusion: <\/span>After doing all the analysis we conclude that our B value is <\/span>0.<\/span>423<\/span>, it would mean that for every one unit increases in EPS, the stock price is estimated to increase by 0.<\/span>423 <\/span>units,<\/span> assuming all other factors remain constant.<\/span> So \u00a0<\/span>if you want to \u00a0go for short term investment it\u2019s a good option for you.<\/span><\/p>\n

\u00a0<\/p>\n

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

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

\u00a0<\/p>\n

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

Title: Relationship of Nilkamal Ltd. with Nifty50 \u00a0 Author:– Niharika Singh Introduction: Nilkamal has to its credit, of being the world\u2019s largest producer of moulded plastic furniture. Brand Nilkamal has become a household name owing to its quality and reach of moulded furniture business across the deepest pockets of the country. The company has gradually… Continue reading Relationship of Nilkamal Ltd. with Nifty50<\/span><\/a><\/p>\n","protected":false},"author":139397,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[],"class_list":["post-20455","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\/20455","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\/139397"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20455"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/20455\/revisions"}],"predecessor-version":[{"id":20456,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/20455\/revisions\/20456"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20455"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20455"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20455"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}