{"id":20763,"date":"2024-03-29T08:50:19","date_gmt":"2024-03-29T03:20:19","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=20763"},"modified":"2024-03-29T08:50:19","modified_gmt":"2024-03-29T03:20:19","slug":"sula-vineyards","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=20763","title":{"rendered":"Sula Vineyards"},"content":{"rendered":"

Title:<\/span><\/span> Relationship between <\/span><\/span>sula<\/span><\/span> vineyards limited and nifty 50.<\/span><\/span><\/p>\n

Author:<\/span><\/span> Sahil<\/span><\/span> Patil<\/span><\/span><\/p>\n

Introduction: –<\/span><\/span><\/p>\n

Sula Vineyards is one of India\u2019s leading wine producers, located in Nashik, Maharashtra. Founded in 1999 by Rajeev <\/span><\/span>Samant<\/span><\/span>, Sula played a significant role in putting Indian wines on the global map. It\u2019s known for its wide range of wines, from Sauvignon Blanc to Shiraz, and for its picturesque vineyard tours and events. Sula has contributed to the growth of wine tourism in India and has won numerous awards for its quality wines.<\/span><\/span><\/p>\n

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

Data for NIFTY 50 and<\/span><\/span> Sula vineyards<\/span> has been <\/span><\/span>downloaded from Yahoo<\/span><\/span> website for Period of <\/span><\/span>1st March 2023 to 28th Febru<\/span><\/span>ary 2024, Friday closing prices<\/span><\/span> were calculated and <\/span><\/span>weekly returns was found out<\/span><\/span>. Weekly Returns of Sula vineyards<\/span><\/span> were regressed<\/span><\/span> on weekly r<\/span><\/span>eturns\u00a0on\u00a0NIFTY\u00a050.<\/span><\/span><\/p>\n

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

Format of regression equation is Y= <\/span><\/span>\u03b1 + \u03b2(X)<\/span><\/span><\/p>\n

Equation of regression of weekly ret<\/span><\/span>urns of Sula vineyards<\/span><\/span> on weekly returns of nifty50 index \u2013<\/span><\/span><\/p>\n

Where,<\/span><\/span><\/p>\n

Number of observations:<\/span><\/span> 48,<\/span><\/span><\/p>\n

R square = <\/span><\/span>0.017584046<\/span><\/span>,<\/span><\/span><\/p>\n

F =<\/span><\/span>0.82334382<\/span><\/span>,<\/span><\/span><\/p>\n

P-value = <\/span><\/span>0.228410957<\/span><\/span>,<\/span><\/span><\/p>\n

Interpretation:<\/span><\/span><\/p>\n

\u00b7<\/span> The above equation shows relationship between weekly returns of <\/span><\/span>Sula vineyards<\/span><\/span> and weekly returns of Nifty 50 Index.<\/span><\/span><\/p>\n

\u00b7<\/span> Positive <\/span><\/span>sign means <\/span><\/span>direct <\/span><\/span>relation, meaning if weekly returns of Nifty 50 Index rise then weekly returns of <\/span><\/span>Sula vineyards<\/span><\/span> also <\/span><\/span>rises<\/span><\/span> and vice-versa.<\/span><\/span><\/p>\n

\u00b7<\/span> If weekly returns of Nifty 50 Index ri<\/span><\/span>se by 1-unit, weekly returns of Sula vineyards<\/span><\/span> will <\/span><\/span>rise<\/span><\/span> and vice-versa.<\/span><\/span><\/p>\n

\u00b7<\/span> Figure in bracket shows t-st<\/span><\/span>at for \u03b2, P-value for which is <\/span><\/span>0.368933<\/span><\/span>,<\/span><\/span> which is less than 0.05 meaning \u03b2 is<\/span><\/span> statistically significant at 5% significance level.<\/span><\/span><\/p>\n

\u00b7<\/span> Number of Observati<\/span><\/span>ons are 48, R-square value is <\/span><\/span>0.017584046<\/span><\/span> meaning approximately <\/span><\/span>1%<\/span><\/span> of weekly returns of<\/span><\/span>Sula vineyards<\/span><\/span> are explained by weekly returns of Nifty 50 Index. Balance <\/span><\/span>99%<\/span><\/span> (approximate) is error due to other variables which are not in the model.<\/span><\/span><\/p>\n

\u00b7<\/span> F is <\/span><\/span>0.823344<\/span><\/span>, the P-value of which is <\/span><\/span>0.368933<\/span><\/span>,<\/span><\/span> which is less<\/span><\/span> than 0.05 m<\/span><\/span>eaning overall, the model is<\/span><\/span> statistically significant at 5% significance level.<\/span><\/span><\/p>\n

Conclusion: –<\/span><\/span><\/p>\n

As beta =<\/span><\/span> 0.411043583<\/span><\/span>,<\/span><\/span> is less<\/span><\/span> than 1, therefo<\/span><\/span>re company <\/span><\/span>is good\u00a0for long<\/span><\/span><\/a>\u00a0<\/span><\/span>term investment<\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Title: Relationship between sula vineyards limited and nifty 50. Author: Sahil Patil Introduction: – Sula Vineyards is one of India\u2019s leading wine producers, located in Nashik, Maharashtra. Founded in 1999 by Rajeev Samant, Sula played a significant role in putting Indian wines on the global map. It\u2019s known for its wide range of wines, from… Continue reading Sula Vineyards<\/span><\/a><\/p>\n","protected":false},"author":139337,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[1788],"class_list":["post-20763","post","type-post","status-publish","format-standard","hentry","category-finance","tag-kohinoor-business-school","entry"],"_links":{"self":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/20763","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\/139337"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20763"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/20763\/revisions"}],"predecessor-version":[{"id":20764,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/20763\/revisions\/20764"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20763"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}