Topic: Relationship between Adani Ports & Nifty 50
Author: Atharva B Golatkar
Introduction:
Adani Ports and Special Economic Zone Limited (APSEZ) is the largest commercial ports operator in
India accounting for nearly one-fourth of the cargo movement in the country. Its presence across 13
domestic ports in seven maritime states of Gujarat, Maharashtra, Goa, Kerala, Andhra Pradesh,
Tamil Nadu and Odisha presents the most widespread national footprint with deepened hinterland
connectivity. The port facilities are equipped with the latest cargo-handling infrastructure which is
not only best-in-class, but also capable of handling the largest vessels calling at Indian shores. Our
ports are equipped to handle diverse cargos, from dry cargo, liquid cargo, crude to containers.
Objective: To find Beta and find significance.
Data collection:
The Company Adani Ports has been taken from NSE for the period 1-2-2023 to 31-1-2024.Data for
Nifty 50 & Adani ports has been downloaded from NSE.INDIA.com, for the period 1-2-23 to 31-1-2-
24. Weekly closing prices were found out; weekly returns were calculated. Weekly returns of Adani
Ports were regressed on weekly returns of Nifty.
Data Analysis:
Regression equation: Adani ports=1.1998+1.7685nifty50
The above equation shows the relationship between Adani ports & Nifty50, positive sign means
Direct Relationship meaning if weekly returns of Nifty50 rises then Weekly returns of Adani ports
also rises & vice versa. If weekly returns of Nifty 50 rises by 1 unit weekly returns of Adani ports will
rise by 1.7685 units. T stat for b is 3.090 and the P value of which is given as 0.0033 which is less than
0.05 meaning b is statistically significant at 5% level meaning Nifty50 plays an important role for
Adani ports. Number of Observations are 48, R^2 is 0.171 meaning 17% of Adani ports is explained
by Nifty50, balance 83% is error due to variables not taken in the model F is 9.55 P value for which is
0.0033 which is less than 0.05. So the overall model is statistically significant.
Conclusion:
The beta value is more than 1 that is why Adani ports is good for short term investment.<\/p>\n","protected":false},"excerpt":{"rendered":"
Topic: Relationship between Adani Ports & Nifty 50Author: Atharva B GolatkarIntroduction:Adani Ports and Special Economic Zone Limited (APSEZ) is the largest commercial ports operator inIndia accounting for nearly one-fourth of the cargo movement in the country. Its presence across 13domestic ports in seven maritime states of Gujarat, Maharashtra, Goa, Kerala, Andhra Pradesh,Tamil Nadu and Odisha… Continue reading Relationship between Adani Ports & Nifty 50<\/span><\/a><\/p>\n","protected":false},"author":139257,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[],"class_list":["post-20721","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\/20721","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\/139257"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20721"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/20721\/revisions"}],"predecessor-version":[{"id":20722,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/20721\/revisions\/20722"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20721"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20721"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20721"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}