{"id":20828,"date":"2024-03-29T08:50:02","date_gmt":"2024-03-29T03:20:02","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=20828"},"modified":"2024-03-29T08:50:02","modified_gmt":"2024-03-29T03:20:02","slug":"relationship-of-nifty-50-with-manyavar-vedant-fashions-limited","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=20828","title":{"rendered":"Relationship of Nifty 50 with Manyavar Vedant Fashions Limited"},"content":{"rendered":"<p><strong>TITLE: <\/strong>\u00a0Relationship of Nifty 50 with Manyavar Vedant Fashions Limited.<\/p>\n<p><strong>AUTHOR:<\/strong> Mangesh Karoti<\/p>\n<p><strong>INTRODUCTION: \u00a0<\/strong>Manyavar Vedant Fashions Limited is a prominent Indian ethnic wear brand founded by Ravi Modi in 1999. Specializing in men&#8217;s wedding attire and traditional wear, Manyavar boasts high-quality craftsmanship and elegant designs. With a strong online and offline presence, it&#8217;s a go-to choice for men seeking culturally rich attire. Blending traditional aesthetics with contemporary trends, Manyavar offers a wide range of products suitable for weddings and festivities.<\/p>\n<p><strong>OBJECTIVE: <\/strong>\u00a0To find out Beta of Manyavar Vedant Fashions Limited and its Significance.<\/p>\n<p><strong>DATA COLLECTION:<\/strong> \u00a0Data for Nifty 50 and Manyavar Vedant Fashions Limited has been downloaded from NSEindia.com for the period 1-2-23 to 31-2-24. Weekly closing prices were found out. Weekly returns were calculated. Weekly returns of Railtel Corporation of India were regressed on weekly returns of Nifty.<\/p>\n<p><strong>DATA ANALYSIS:<\/strong> \u00a0Format of Regression equation is Y = a + B(X)<\/p>\n<p>Equation of regression of weekly returns of and Manyavar Vedant Fashions Limited on weekly returns of Nifty 50 Index &#8211; weekly returns of and Manyavar Vedant Fashions Limited Limited = 0.5865 \u2013 (-0.6071) x weekly returns of Nifty 50 Index<\/p>\n<p>Where,<\/p>\n<p>Number of Observations = 48,<\/p>\n<p>R Square = 0.04724,<\/p>\n<p>F = 2.2808,<\/p>\n<p>P-value = 0.1378<\/p>\n<p>Interpretation:<\/p>\n<ul>\n<li>The above equation shows relationship between weekly returns of Manyavar Vedant Fashions Limited and weekly returns of Nifty 50 Index.<\/li>\n<li>Positive sign means direct relation, meaning if weekly returns of Nifty 50 Index rise then weekly returns of Railtel Corporation of India Limited Company also rise and vice-versa.<\/li>\n<li>If weekly returns of Nifty 50 Index rise by 1-unit, weekly returns of Railtel Corporation of India Limited Company will fall 6071 by unit and vice-versa.<\/li>\n<li>Figure in bracket shows t-stat for B, P-value for which is 0.1378, which is greater than 0.05 meaning \u00df is not statistically significant at 5% significance level.<\/li>\n<li>Number of Observations are 48, R-square value is 0.04724 meaning 4% of weekly returns of Manyavar Vedant Fashions Limited are explained by weekly returns of Nifty 50 Index. Balance 96% is error due to other variables which are not in the model.<\/li>\n<li>F is 2.2808, the P-value of which is 0.1378, which is more than 0.05 meaning overall, the model is not statistically significant at 5% significance.<\/li>\n<\/ul>\n<p><strong>CONCLUSION: <\/strong>\u00a0As Beta (-0.6071) is less than 1, Manyavar Vedant Fashions Limited Company is good to invest for long term.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TITLE: \u00a0Relationship of Nifty 50 with Manyavar Vedant Fashions Limited. AUTHOR: Mangesh Karoti INTRODUCTION: \u00a0Manyavar Vedant Fashions Limited is a prominent Indian ethnic wear brand founded by Ravi Modi in 1999. Specializing in men&#8217;s wedding attire and traditional wear, Manyavar boasts high-quality craftsmanship and elegant designs. With a strong online and offline presence, it&#8217;s a&hellip; <a class=\"more-link\" href=\"http:\/\/www.sachdevajk.in\/?p=20828\">Continue reading <span class=\"screen-reader-text\">Relationship of Nifty 50 with Manyavar Vedant Fashions Limited<\/span><\/a><\/p>\n","protected":false},"author":139415,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[],"class_list":["post-20828","post","type-post","status-publish","format-standard","hentry","category-investing","entry"],"_links":{"self":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/20828","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\/139415"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20828"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/20828\/revisions"}],"predecessor-version":[{"id":20829,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/20828\/revisions\/20829"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20828"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20828"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}