{"id":21189,"date":"2024-10-10T07:10:21","date_gmt":"2024-10-10T01:40:21","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=21189"},"modified":"2024-10-10T07:10:21","modified_gmt":"2024-10-10T01:40:21","slug":"relationship-of-dalmia-bharat-sugar-and-industries-ltd-with-nifty-50","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=21189","title":{"rendered":"Relationship of Dalmia Bharat Sugar and Industries LTD with Nifty 50."},"content":{"rendered":"<p><strong>Title: <\/strong>Relationship of Dalmia Bharat Sugar and\u00a0Industries\u00a0LTD with Nifty 50.<\/p>\n<p><strong>Author<\/strong>: Deepam Shah<\/p>\n<p><strong>Introduction<\/strong>:<\/p>\n<p>Dalmia Bharat Sugar and Industries Limited has been\u00a0one of the fastest-growing success stories in the Indian\u00a0sugar industry. The company&#8217;s foray into the sugar business was made in the mid-90s and the first unit of 2500 TCD was set up at Ramgarh, a village in the Sitapur district of Uttar Pradesh in 1994.<\/p>\n<p><strong>Objective: <\/strong>To find out Beta of Dalmia Bharat Sugar and\u00a0Industries\u00a0LTD and its Significance.<\/p>\n<p><strong>Data<\/strong> <strong>Collection<\/strong>: I have downloaded data for duration May 2023 to April 2024. Data was collected from NSEINDIA<\/p>\n<p>Values of Friday weekly close, then the weekly returns were found using (Y t+1 &#8211; Yt) \/ Yt *100.<\/p>\n<p>Y = Dalmia Bharat Sugar and\u00a0Industries\u00a0LTD<\/p>\n<p>X = Nifty 50<\/p>\n<p>Y was regressed on X<\/p>\n<p><strong>Data<\/strong> <strong>Analysis: <\/strong>Weekly returns of Dalmia Bharat Sugar and\u00a0Industries\u00a0LTD= 0.22 +0.51 of Nifty 50<\/p>\n<p>(0.97) = t Stat<\/p>\n<p>N = 48, R Square =0.20, F= 0.93, P value= 0.01<\/p>\n<p>Above equation shows relationship between Nifty 50 and Dalmia Bharat Sugar and Industries LTD. A positive sign before the coefficient of Nifty 50 tells us that there is a positive relationship. If Nifty 50 rises 1 unit, then Dalmia Bharat Sugar and Industries LTD rises by 0.5 points and vice versa. The figure in bracket is that for t-stat and the P value which is 0.01 is less than 0.05 meaning beta is statistically significant.<\/p>\n<p>N= 48, R square= 0.20 which means 20 % of\u00a0 Dalmia Bharat Sugar and Industries LTD returns are explained by Nifty 50 and the balanced error are influenced by other variables.<\/p>\n<p>F= 0.93 and the P value is 0.01 it is less than 0.05 meaning the overall model is statistically significant at 5 % level.<\/p>\n<p><strong>Conclusion: <\/strong><\/p>\n<p>\u03b2&lt; 1 and positive (less than 1) means good for long term investment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Title: Relationship of Dalmia Bharat Sugar and\u00a0Industries\u00a0LTD with Nifty 50. Author: Deepam Shah Introduction: Dalmia Bharat Sugar and Industries Limited has been\u00a0one of the fastest-growing success stories in the Indian\u00a0sugar industry. The company&#8217;s foray into the sugar business was made in the mid-90s and the first unit of 2500 TCD was set up at Ramgarh,&hellip; <a class=\"more-link\" href=\"http:\/\/www.sachdevajk.in\/?p=21189\">Continue reading <span class=\"screen-reader-text\">Relationship of Dalmia Bharat Sugar and Industries LTD with Nifty 50.<\/span><\/a><\/p>\n","protected":false},"author":139509,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[],"class_list":["post-21189","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\/21189","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\/139509"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21189"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21189\/revisions"}],"predecessor-version":[{"id":21190,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21189\/revisions\/21190"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21189"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}