{"id":21139,"date":"2024-10-10T07:10:39","date_gmt":"2024-10-10T01:40:39","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=21139"},"modified":"2024-10-10T07:10:39","modified_gmt":"2024-10-10T01:40:39","slug":"relationship-of-ntpc-limited-with-nifty-50-2","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=21139","title":{"rendered":"Relationship of NTPC limited with Nifty 50"},"content":{"rendered":"<p><strong>Relationship of NTPC limited with Nifty 50<\/strong><\/p>\n<p><strong>Author: Naman Jha<sup>1<\/sup>*<\/strong><\/p>\n<p><em>, ITM Business School, Kharghar, Maharashtra, India <br \/>* Corresponding Author E-mail: namanjha1904@gmail.com <\/em><\/p>\n<p><em>\u00a0<\/em><\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<p><strong>Introduction: <\/strong>NTPC (National Thermal Power Corporation) Ltd along with its subsidiaries\/ associates &amp; JVs is primarily involved in generation and sale of bulk power to State power utilities. Other business of the group includes providing consultancy, project management &amp; supervision, energy trading, oil &amp; gas exploration and coal mining.<\/p>\n<p>\u00a0<\/p>\n<p><strong>Objective:<\/strong> To find out Beta of NTPC Limited and its significance.<\/p>\n<p>\u00a0<\/p>\n<p><strong>Data Collection:<\/strong> Data for Nifty 50 and NTPC Limited was downloaded from <a href=\"https:\/\/www.nseindia.com\/\">https:\/\/www.nseindia.com\/<\/a> for the period 1<sup>st<\/sup> June 2023 to 30<sup>st<\/sup> May 2024. Data was manipulated to get Friday closing prices and weekly returns were calculated using formula (Y<sub>t+1<\/sub> &#8211; Y<sub>t<\/sub>) \/ Y<sub>t<\/sub> * 100. Weekly returns of NTPC Limited were regressed on weekly returns of Nifty 50.<\/p>\n<p>\u00a0<\/p>\n<p><strong>Data Analysis: <\/strong><\/p>\n<p>Weekly Returns of NTPC = -0.86 + 1.40 Weekly Returns of Nifty<br \/>N = 49, R<sup>2<\/sup> = 0.32, F = 22.21, P-value = 2.20\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0 (4.71)<\/p>\n<p><strong>Interpretation:<\/strong><br \/>The above equation shows the relationship between Nifty 50 and NTPC Limited. The positive sign before 1.40 means there is a positive relationship if Nifty 50 rises by 1-unit NTPC will rise 1.40 and vice versa. The coefficient of Nifty 50 has t Stat = 4.71, the P-value of which is 2.20. It is more than 0.05 meaning Nifty 50 is not statistically significant to increase the price of NTPC Limited. R<sup>2<\/sup> is 0.32 meaning 32% of NTPC Limited prices are explained by Nifty 50. 68% depends upon other factors like fundamentals. F is 22.2and P-value is 2.20 meaning it is more than 0.05 meaning overall model is not statistically significant at 5% level.<\/p>\n<p>\u00a0<\/p>\n<p><strong>Conclusion:<\/strong> NTPC Limited is good for short term investment if nifty is at low.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Relationship of NTPC limited with Nifty 50 Author: Naman Jha1* , ITM Business School, Kharghar, Maharashtra, India * Corresponding Author E-mail: namanjha1904@gmail.com \u00a0 \u00a0 Introduction: NTPC (National Thermal Power Corporation) Ltd along with its subsidiaries\/ associates &amp; JVs is primarily involved in generation and sale of bulk power to State power utilities. Other business of&hellip; <a class=\"more-link\" href=\"http:\/\/www.sachdevajk.in\/?p=21139\">Continue reading <span class=\"screen-reader-text\">Relationship of NTPC limited with Nifty 50<\/span><\/a><\/p>\n","protected":false},"author":139429,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-21139","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\/21139","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\/139429"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21139"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21139\/revisions"}],"predecessor-version":[{"id":21140,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21139\/revisions\/21140"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21139"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21139"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21139"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}