{"id":20775,"date":"2024-03-29T08:50:18","date_gmt":"2024-03-29T03:20:18","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=20775"},"modified":"2024-03-29T08:50:18","modified_gmt":"2024-03-29T03:20:18","slug":"relationship-of-nifty50-with-avenue-supermarts-ltd","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=20775","title":{"rendered":"Relationship of Nifty50 with Avenue Supermarts Ltd"},"content":{"rendered":"<p><strong><u>Relationship of Nifty 50 Index with Avenue Supermarts Limited<\/u><\/strong><\/p>\n<p><strong>Author:<\/strong> Akshaya Kardak<\/p>\n<p><strong>Introduction:<\/strong><\/p>\n<p>Avenue Supermarts Limited Avenue Supermarts Limited is a prominent retail company headquartered in Mumbai, India. Founded in 2002 by entrepreneur Radhakishan Damani, it operates under the brand name &#8220;DMart\u201d. It is renowned for its focus on value retailing, offering a wide range of products at affordable prices, including groceries, household essentials, apparel, and more. With a strong presence across multiple states in India, Avenue Supermarts has emerged as one of the leading players in the Indian retail sector, known for its efficient operations and customer-centric approach.<\/p>\n<p><strong>\u00a0<\/strong><strong>Objective:<\/strong> To find Beta (\u03b2) of Avenue Supermarts Limited and its significance<\/p>\n<p><strong>Data Collection:<\/strong><\/p>\n<p>The data from Nifty50 Limited data has been downloaded from nseindia.com for the period (01-02-23 to 31-1-24). Weekly closing prices were found out. Weekly returns of Avenue Supermarts Limited were regressed on weekly returns on NIFTY50.<\/p>\n<p><strong>Data Analysis:<\/strong><\/p>\n<p>Format of Regression equation is Y = \u03b1 + \u03b2(X)<\/p>\n<p>Equation of regression of weekly returns of Avenue Supermarts Limited on weekly returns of Nifty 50 index-<\/p>\n<p>Weekly returns of Avenue Supermarts Limited = -0.2817+ 1.2001x weekly returns of Nifty 50 index (tstat= 3.8324)<\/p>\n<p>Where,<\/p>\n<p>Number of Observations = 48,<\/p>\n<p>R Square= 0.2420<\/p>\n<p>F= 14.6873<\/p>\n<p>P-value= 0.0003<\/p>\n<p><strong>Interpretation<\/strong>:<\/p>\n<ul>\n<li>The above equation shows relationship between weekly returns of Avenue Supermarts Limited Company and weekly returns of Nifty 50 Index.<\/li>\n<li>Negative sign means inverse relation, meaning if weekly returns of Nifty 50 Index rise then weekly returns of Avenue Supermarts Limited Company falls and vice-versa.<\/li>\n<li>If weekly returns of Nifty 50 Index rise by 1-unit, weekly returns of Avenue Supermarts Limited Company will fall by 1.2001 unit and vice-versa.<\/li>\n<li>Figure in bracket shows t-stat for \u03b2, P-value for which is 0.0003, which is less than 0.05 meaning \u03b2 is statistically significant at 5% significance level.<\/li>\n<li>Number of Observations are 48, R-square value is 2420 meaning approximately 24.2% of weekly returns of Avenue Supermarts Limited are explained by weekly returns of Nifty 50 Index. Balance 75.8% (approximate) is error due to other variables which are not in the model.<\/li>\n<li>F is 6873, the P-value of which is 0.0003, which is less than 0.05 meaning overall, the model is statistically significant at 5% significance level.<\/li>\n<\/ul>\n<p><strong>Conclusion:<\/strong><\/p>\n<p>As \u03b2 (1.2001) is more than 1, it is good to invest in Avenue Supermarts Limited for short term.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Relationship of Nifty 50 Index with Avenue Supermarts Limited Author: Akshaya Kardak Introduction: Avenue Supermarts Limited Avenue Supermarts Limited is a prominent retail company headquartered in Mumbai, India. Founded in 2002 by entrepreneur Radhakishan Damani, it operates under the brand name &#8220;DMart\u201d. It is renowned for its focus on value retailing, offering a wide range&hellip; <a class=\"more-link\" href=\"http:\/\/www.sachdevajk.in\/?p=20775\">Continue reading <span class=\"screen-reader-text\">Relationship of Nifty50 with Avenue Supermarts Ltd<\/span><\/a><\/p>\n","protected":false},"author":139265,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-20775","post","type-post","status-publish","format-standard","hentry","category-management","entry"],"_links":{"self":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/20775","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\/139265"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20775"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/20775\/revisions"}],"predecessor-version":[{"id":20776,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/20775\/revisions\/20776"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20775"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20775"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}