Author – Purvesh Singh<\/p>\n
Introduction – Patanjali Foods, formerly known as Ruchi Soya Industries Ltd, is\u00a0an Indian multinational fast-moving consumer goods company specialized in the food industry, part of the Patanjali Ayurved. It is headquartered in Indore, India.<\/p>\n
Objective – To find out Beta of company and it’s significance.<\/p>\n
Data Collection – Friday Closing price of Nifty 50 and NSE of Patanjali Foods Limited .<\/p>\n
Data Analysis –<\/p>\n
Weekly Return of the company – 1.61<\/p>\n
(3.21 – T stat of weekly return)<\/p>\n
observation – 46<\/p>\n
R Square – 0.19<\/p>\n
F value – 10.33<\/p>\n
P Value – 0.0025<\/p>\n
The above equation shows the relationship between Nifty 50 and\u00a0 Patanjali Foods Limited. Positive sign before the coefficient of Nifty 50\u00a0 tell us that there is a positive relationship if nifty rises one unit our company will rise by 0.90 points and vice versa. Figure in bracket is T – Stat for Beta and the p value of which is 0.0025 which is less than 0.05 meaning beta is statistically significant. N – 46, R square is 0.19 which means 19 percent of our company return are explained by nifty 50. F – 10.33 and the P value of that is 0.0025 less than 0.05 meaning overall model is statistically significant at 5% level<\/p>\n
Conclusion – beta > 1 and positive therefore our company is good for short term investment if nifty is\u00a0at\u00a0the\u00a0bottom.<\/p>\n","protected":false},"excerpt":{"rendered":"
Author – Purvesh Singh Introduction – Patanjali Foods, formerly known as Ruchi Soya Industries Ltd, is\u00a0an Indian multinational fast-moving consumer goods company specialized in the food industry, part of the Patanjali Ayurved. It is headquartered in Indore, India. Objective – To find out Beta of company and it’s significance. Data Collection – Friday Closing price… Continue reading Report of Patanjali Foods Limited with Nifty 50<\/span><\/a><\/p>\n","protected":false},"author":139495,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[],"class_list":["post-21131","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\/21131","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\/139495"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21131"}],"version-history":[{"count":2,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21131\/revisions"}],"predecessor-version":[{"id":21628,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21131\/revisions\/21628"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21131"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}