{"id":20854,"date":"2024-03-29T08:49:25","date_gmt":"2024-03-29T03:19:25","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=20854"},"modified":"2024-03-29T08:49:25","modified_gmt":"2024-03-29T03:19:25","slug":"relationship-between-siyaram-silk-mills-with-nifty50","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=20854","title":{"rendered":"Relationship between Siyaram Silk Mills with nifty50"},"content":{"rendered":"

Title:<\/strong> Relationship between Siyaram Silk Mills with nifty50<\/p>\n

Author:<\/strong> Sumit Wadmare<\/p>\n

Introduction: –<\/strong><\/p>\n

Siyaram silk mills limited a renowned men’s textile and fashion conglomerate in India. Since its establishment in 1978, Siyaram’s has evolved from humble beginnings to become a household name, blending tradition with modernity and innovation. Led by visionary leadership, the company has carved a niche in the industry with its wide range of fabrics, garments, and textile products. With a focus on product-led growth and sustainability, Siyaram’s boasts state-of-the-art manufacturing plants and a vast distribution network, including an online platform, ensuring accessibility to millions of customers. The brand’s accolades and awards underscore its enduring legacy and commitment to excellence. Siyaram’s invites customers to “Come home to Siyaram’s,” offering not just fashion but a timeless legacy of innovation and excellence.<\/p>\n

Objective<\/strong> : To calculate Beta and its Significance<\/p>\n

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

Data for NIFTY 50 and Siyaram Silk Mills has been downloaded from NSE website for Period of 1st March 2023 to 28th February 2024, Friday closing prices were calculated and weekly returns was found out. Weekly Returns of Siyaram Silk Mills were regressed on weekly returns\u00a0on\u00a0NIFTY\u00a050.<\/p>\n

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

Equation of Siyaram Silk Mills share= -0.152+0.167(nifty 50)<\/p>\n

Interpretation-The above equation shows relationship of Siyaram Silk Mills and Nifty 50. Negative sign means inverse relationship, if Nifty 50 falls then the return of Siyaram Silk Mills falls and vice versa<\/p>\n

If Nifty 50 falls by 1 unit , return of Siyaram Silk Mills will rise by 0.167 units vice versa<\/p>\n

T-stat for b is 0.376 and the p value is 0.707 \u00a0which is more than 0.05, meaning b is not statistically significant\u00a0at\u00a05%\u00a0level, meaning Nifty 50 does not play a significant role for Return of Siyaram Silk Mills.<\/p>\n

Numbers of observations are 48.<\/p>\n

R-square is 0.003 , meaning 0.03% of Siyaram Silk Mills share is explained by Nifty 50 Balance 99.97% is error due to the variables not taken in the model.<\/p>\n

F is 0.142 the P value for which is 0.707 which is more than 0.05 so the overall model is not statistically\u00a0significant.<\/p>\n

Conclusion: –<\/strong><\/p>\n

As beta = 0.167, is less than 1, therefore company is good\u00a0for\u00a0long term investment.<\/p>\n

\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Title: Relationship between Siyaram Silk Mills with nifty50 Author: Sumit Wadmare Introduction: – Siyaram silk mills limited a renowned men’s textile and fashion conglomerate in India. Since its establishment in 1978, Siyaram’s has evolved from humble beginnings to become a household name, blending tradition with modernity and innovation. Led by visionary leadership, the company has… Continue reading Relationship between Siyaram Silk Mills with nifty50<\/span><\/a><\/p>\n","protected":false},"author":139270,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[1788,1980],"class_list":["post-20854","post","type-post","status-publish","format-standard","hentry","category-management","tag-kohinoor-business-school","tag-kurla-west","entry"],"_links":{"self":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/20854","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\/139270"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20854"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/20854\/revisions"}],"predecessor-version":[{"id":20855,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/20854\/revisions\/20855"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20854"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}