RELATIONSHIP OF APOLLO TYRES LTD WITH NIFTY50<\/p>\n
\u00a0<\/strong><\/p>\n AUTHOR<\/u><\/em><\/strong>: ARNESH NAMAN (021330024071)<\/strong><\/p>\n \u00a0<\/u><\/strong><\/p>\n INTRODUCTION<\/u><\/strong>: \u00a0Apollo Tyres Ltd.<\/p>\n Founded in 1972, is a leading global tyre manufacturer headquartered in Gurugram, India. The company produces tyres for various vehicle segments, including passenger cars, trucks, and two-wheelers. It has a strong presence in over 100 countries with manufacturing units in India, Europe, and Southeast Asia.<\/p>\n As per the market data, \u2018Apollo Tyres’ stock trades on the NSE and BSE, with share prices fluctuating around \u20b9350-\u20b9400, reflecting its steady performance in the automotive industry.<\/p>\n \u00a0<\/u><\/strong>Object:<\/u><\/strong> To find out the beta (\u03b2) of Apollo tyres and its significance.<\/p>\n \u00a0<\/p>\n Data Collection:<\/u><\/strong> The data was collected by taking the weekly return of NSE (National Stock Exchange) , NIFTY50 and Apollo tyres of dated time period of 1 year from 1st<\/sup>\u00a0 May 2023 to 30th<\/sup> April 2024 with the help of NSE \u00a0site. Friday closing price and weekly return was calculated by formula.<\/p>\n Weekly return of Nifty was taken as (X) in terms of company (Apollo tyres) as Y is taken. Y was regressed on X.<\/p>\n \u00a0<\/p>\n Data analysis:<\/u><\/strong> Regression equation; Y ( Intercept)= Apollo tyres+ NIFTY 50<\/p>\n \u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Relationship of Nifty 50 and Apollo Tyres = \u00a00.37 + 0.114 (2.471{t-stat})<\/p>\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 N = 48, = 0.117, F = 6.106, P(VALUE)= 0.0172<\/p>\n The above equation shows the relationship between Nifty 50 and Apollo Tyres, positive sign before the co-efficient of Nifty 50 .Tells us that there is a positive relationship if nifty rise by 1unit , company will rise by 0.38<\/p>\n And vice versa as the co-efficient of t stats as (2.471) for beta. The p value for which is 0.041 which is less than 0.05 meaning beta is statistically significant.<\/p>\n N=48, =0.117 which means 11.7% of Apollo Tyres return are explained by Nifty 50. Other (88.3%) are variable explained not in model.<\/p>\n f= 6.106 and p value for that variable is 0.041,it is less than 0.050 meaning overall model is statistically significant at 5% level.<\/p>\n \u00a0<\/p>\n Conclusion<\/u><\/strong>: As per the given data of RELATIONSHIP OF APOLLO TYRES LTD WITH NIFTY50. We know that:-\u00a0 beta value <1 and positive , means company (Apollo Tyres) is good for long term investment. Showing interest in investment is beneficial.<\/p>\n \u00a0<\/p>\n","protected":false},"excerpt":{"rendered":" RELATIONSHIP OF APOLLO TYRES LTD WITH NIFTY50 \u00a0 AUTHOR: ARNESH NAMAN (021330024071) \u00a0 INTRODUCTION: \u00a0Apollo Tyres Ltd. Founded in 1972, is a leading global tyre manufacturer headquartered in Gurugram, India. The company produces tyres for various vehicle segments, including passenger cars, trucks, and two-wheelers. It has a strong presence in over 100 countries with manufacturing… Continue reading RELATIONSHIP OF APOLLO TYRES LTD WITH NIFTY50<\/span><\/a><\/p>\n","protected":false},"author":139490,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[1087,384,456],"class_list":["post-21147","post","type-post","status-publish","format-standard","hentry","category-investing","tag-apollo-tyres-ltd","tag-itm","tag-nse","entry"],"_links":{"self":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21147","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\/139490"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21147"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21147\/revisions"}],"predecessor-version":[{"id":21148,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21147\/revisions\/21148"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21147"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}