{"id":21175,"date":"2024-10-10T07:10:53","date_gmt":"2024-10-10T01:40:53","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=21175"},"modified":"2024-10-10T07:10:53","modified_gmt":"2024-10-10T01:40:53","slug":"relationship-of-piramal-pharma-limited-with-nifty-50","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=21175","title":{"rendered":"Relationship of Piramal Pharma Limited with Nifty 50."},"content":{"rendered":"<p><strong>Title: <\/strong>Relationship of Piramal Pharma Limited with Nifty 50.<\/p>\n<p><strong>Author<\/strong>: Pratik Umesh Mudholkar<\/p>\n<p><strong>Introduction<\/strong>:<\/p>\n<p>Piramal Pharma Limited (PPL) is\u00a0a global company that offers a range of products and services, including contract development and manufacturing (CDMO) services, hospital generics, and over-the-counter products. It\u2019s basically a pharma company whose current share market price is 230.<\/p>\n<p><strong>Objective: <\/strong>To find out Beta of Piramal Pharma Limited and its Significance.<\/p>\n<p><strong>Data<\/strong> <strong>Collection<\/strong>: Values of Friday weekly close, then the weekly returns were found using (Y t+1 &#8211; Yt) \/ Yt *100.<\/p>\n<p>Y = Piramal Pharma Limited.<\/p>\n<p>X = Nifty 50<\/p>\n<p>Y was regress on X<\/p>\n<p><strong>Data<\/strong> <strong>Analysis: <\/strong>Weekly returns of Piramal Pharma Limited = -0.63 + 1.49 of Nifty 50<\/p>\n<p>\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\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\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\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\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (2.58) = t Stat<\/p>\n<p>N = 48, R Square = 0.13, F = 6.64, P value = 0.013<\/p>\n<p>Above equation shows relationship between Nifty 50 and Piramal Pharma limited. Positive science before the coefficient of Nifty 50 tells us that there is a positive relationship. If Nifty 50 rises 1 unit, then Piramal Pharma limited rises by 1.49 points and vice versa. Figure in bracket is that for t-stat and the P value which is 0.013 is less than 0.05 meaning beta is\u00a0statistically.<\/p>\n<p>N= 48, R square= 0.13 which means 13 % of Piramal Pharma Limited returns are explained by Nifty 50 and the balanced error are influenced by other variables<\/p>\n<p>F= 6.64 and the P value is 0.013 it is less than 0.05 meaning overall model is statistically significant at 5 % level.<\/p>\n<p><strong>Conclusion: <\/strong><\/p>\n<p>\u03b2 &gt; 1 and positive (more than 1) means good for short term investments.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Title: Relationship of Piramal Pharma Limited with Nifty 50. Author: Pratik Umesh Mudholkar Introduction: Piramal Pharma Limited (PPL) is\u00a0a global company that offers a range of products and services, including contract development and manufacturing (CDMO) services, hospital generics, and over-the-counter products. It\u2019s basically a pharma company whose current share market price is 230. Objective: To&hellip; <a class=\"more-link\" href=\"http:\/\/www.sachdevajk.in\/?p=21175\">Continue reading <span class=\"screen-reader-text\">Relationship of Piramal Pharma Limited with Nifty 50.<\/span><\/a><\/p>\n","protected":false},"author":139437,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[],"class_list":["post-21175","post","type-post","status-publish","format-standard","hentry","category-finance","entry"],"_links":{"self":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21175","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\/139437"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21175"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21175\/revisions"}],"predecessor-version":[{"id":21176,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21175\/revisions\/21176"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21175"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}