{"id":20474,"date":"2024-03-01T08:24:17","date_gmt":"2024-03-01T02:54:17","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=20474"},"modified":"2024-03-01T08:24:17","modified_gmt":"2024-03-01T02:54:17","slug":"relationship-between-nifty-50-with-shriram-finance","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=20474","title":{"rendered":"Relationship between Nifty 50 with Shriram Finance"},"content":{"rendered":"

Introduction<\/u><\/strong>: <\/strong>Shriram Finance, a prominent financial enterprise, has a rich history and a commitment to inclusion and sustainability. Let\u2019s delve into their journey:<\/p>\n

Establishment: In 1979, Shriram Transport Finance Company Limited (STFC) was founded. Their initial focus was on truck financing, catering to individual truck owners who often preferred purchasing pre-owned trucks1.<\/p>\n

Diverse Services: Over the years, Shriram Finance expanded its offerings to include various financial services:<\/p>\n

Commercial Vehicle Finance: Providing loans for commercial vehicles.<\/p>\n

Passenger Vehicle Finance: Supporting vehicle purchases for individuals.<\/p>\n

SME Finance: Assisting small and medium-sized enterprises.<\/p>\n

Retail Lending: Offering personal loans, gold loans, and two-wheeler loans2.<\/p>\n

Milestones:<\/p>\n

1984: STFC had its Initial Public Offering.<\/p>\n

1999: Tied up with Citicorp for CV financing under Portfolio Management Services (PMS) and executed the first securitization transaction.<\/p>\n

2005-06: Merged with SIL and SOFL, with PAT crossing Rs. 1,000 million. Investment from ChrysCapital and TPG.<\/p>\n

2009: Acquired hypothecation loan outstandings from GE Capital Services India and GE Capital Financial Services.<\/p>\n

2010: Initiated financing of construction equipment.<\/p>\n

2013: AUM crossed Rs. 500 billion.<\/p>\n

2017-18: Raised funds through issuance of \u2018Masala Bonds\u2019 listed on the Singapore Stock Exchange.<\/p>\n

2019-20: AUM surpassed Rs. 1 trillion.<\/p>\n

2021-22: Issued USD 0.475 billion 4.15 percent Senior Secured Notes due 2025 (Social Bonds)1.<\/p>\n

Vision: Shriram Finance\u2019s presence spans rural India to cosmopolitan metros, unlocking value for generations to come3.<\/p>\n

In summary, Shriram Finance\u2019s journey is marked by trust, growth, and a commitment to serving diverse financial needs. \ud83c\udf1f\ud83d\ude9a\ud83d\udcb0<\/p>\n

Objective<\/u><\/strong>: <\/strong>To calculate the beta of Shriram Fianace and its significance.<\/p>\n

View and Review<\/u><\/strong>: <\/strong><\/p>\n

” I have to thank Shriram Finance for providing my two-wheeler loan. Before working with Shriram Finance, I approached other lenders, none of them gave me any support when the loan process seemed to have a problem.” – Andy Nallappan, CTO and Head of Software Business Operations, Broadcom Software.<\/p>\n

” I received the call from Shriram finance, they have offered me a personal loan which I accepted. The executive came and collected the documents the very next day. The process took only 48 hours and the loan amount got disbursed. The process was easy and no issues” -Kumar, Hyderabad.<\/p>\n

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Data Collection<\/u><\/strong>: The data is downloaded from the 1st<\/sup> of February 2023 to the 31st<\/sup> of January 2024 for Nifty 50 and Shriram Finance.<\/p>\n

Nifty 50 is the independent variable.<\/p>\n

Shriram Finance is the dependent variable.<\/p>\n

\u00a0<\/u><\/strong><\/p>\n

ANOVA<\/u><\/strong> TABLE<\/u><\/strong><\/p>\n

\u00a0\u00a0<\/p>\n

\"\"<\/a><\/u><\/strong><\/p>\n

Data Analysis<\/u><\/strong><\/p>\n