Relationship of Nifty50 with Sigachi Industries.<\/p>\n
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Author<\/u> : Sakshi Wagh – 125<\/p>\n
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Introduction<\/u> : Sigachi Industries Limited is a pioneering name in the realm of specialty chemicals and excipients, renowned for its innovative solutions and steadfast commitment to quality. With a robust presence in the pharmaceutical, food, and nutraceutical industries, Sigachi Industries has emerged as a significant player, consistently delivering value-added products and services to its clientele. As a testament to its growth and market prominence, Sigachi Industries finds itself listed on the prestigious Nifty50 index, a reflection of its strong fundamentals, strategic vision, and enduring success in the competitive landscape of the chemical and allied sectors.<\/p>\n
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Objective<\/u> : To find out \u00a0of Sigachi Industries and its significance.<\/p>\n
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Data Collection<\/u> : The data for Nifty50 and Sigachi Industries has been downloaded from nse.india.com for the period 1\/2\/2023 to 31\/1\/2024. Weekly closing prices was found out . Weekly returns were calculated. Weekly returns of Sigachi Industries were regress on weekly returns of Nifty.<\/p>\n
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Data Analysis<\/u> :<\/p>\n
Format of regression equation is Y= \u03b1 + \u03b2(X)<\/p>\n
Sigachi Industries share = 18.40 + 1.47<\/p>\n
N = 49 , \u00a0= 0.00023 , \u00a0t-stat = -0.10438 , f = 0.0108 , P value = 0.91<\/p>\n
The above equation shows the relationship between demand and price negative sign means inverse relationship meaning if price rises demand false and vise versa. If price rises by 1 unit demand will fall by 1.47 units and vice versa. Figure in bracket is t-stat (-0.10438) for b.<\/p>\n
The P value for 0.91 which is greater than the 0.05 meaning b is statistically not significant . Number of observations are 49 , \u00a0is 0.00023 meaning 23% o demand is explained by price (x). Balance 77% is the error due to other variables which are not in the model.<\/p>\n
F is 0.0108 the p value of which is 0.91 which is greater than 0.05 meaning overall the model is statistically not significant .<\/p>\n
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Conclusion<\/u> : As \u03b2 = 1.47 is greater than 1, therefore it is good to invest for short term.<\/p>\n
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Relationship of Nifty50 with Sigachi Industries. \u00a0 Author : Sakshi Wagh – 125 \u00a0 Introduction : Sigachi Industries Limited is a pioneering name in the realm of specialty chemicals and excipients, renowned for its innovative solutions and steadfast commitment to quality. With a robust presence in the pharmaceutical, food, and nutraceutical industries, Sigachi Industries has… Continue reading Relationship of Nifty50 with Sigachi Industries.<\/span><\/a><\/p>\n","protected":false},"author":139261,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[1788],"class_list":["post-20777","post","type-post","status-publish","format-standard","hentry","category-management","tag-kohinoor-business-school","entry"],"_links":{"self":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/20777","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\/139261"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20777"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/20777\/revisions"}],"predecessor-version":[{"id":20778,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/20777\/revisions\/20778"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20777"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}