\u00a0<\/p>\n
Relationship of Wipro Ltd. with Nifty 50<\/strong><\/p>\n \u00a0<\/p>\n Author<\/strong>: Walsh Varughese<\/p>\n \u00a0<\/p>\n F4 2024-26 \u2013 021330024479, ITM Business School, Kharghar, Maharashtra, India<\/p>\n \u00a0<\/p>\n Introduction:<\/strong> Wipro Limited is a leading global information technology, consulting, and business process services company. Headquartered in Bangalore, India, Wipro offers a wide range of services, including IT solutions, cloud computing, artificial intelligence, and digital transformation. Known for its commitment to innovation and sustainability.<\/p>\n \u00a0<\/p>\n Objective:<\/strong> To find out the Beta of Wipro Limited and its significance with respect to Nifty 50.<\/p>\n \u00a0<\/p>\n Data Collection:<\/strong> The data for Nifty 50 and Wipro Limited was downloaded from official site of NSE for the period 1st<\/sup> June 2023 to 31st<\/sup> May 2024. Data was manipulated to get Friday closing prices and weekly returns of Nifty 50 and Wipro Limited was calculated using the formula (Yt+1 \u2013 Yt) \/ Yt * 100 and then Y was regressed on X. Here Y is Weekly returns of Wipro Limited and X is weekly returns of Nifty 50.<\/p>\n \u00a0<\/p>\n Data Analysis:<\/strong><\/p>\n Weekly Returns of Wipro Ltd = -0.27+1.18 Weekly Returns of Nifty 50<\/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 \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(4.148)<\/p>\n N = 49<\/p>\n R\u00b2 = 0.27<\/p>\n F = 17.20<\/p>\n P-value = 0.0001<\/p>\n t-Stat = 4.148<\/p>\n \u00a0<\/p>\n Interpretation: <\/strong>The above equation shows the relationship between Nifty 50 and Wipro Limited. The positive sign before 1.18 means there is a positive relationship, if Nifty 50 rises by 1 unit then Wipro Limited also rises by 1.18 and vice versa. The coefficient of Nifty 50 has t-Stat = 4.148, the P-value of which is 0.0001, which is less than 0.05 meaning Nifty 50 is statistically significant at 5% level. Wipro Limited R\u00b2 is 0.27 which means 27% of Weekly returns of Wipro Limited\u00a0 are explained by Nifty 50. The balance 73% is standard error i.e. it depends on other factors like fundamentals. F is 17.20 and the P-value is 0.0001 meaning it is less than 0.05 meaning the overall model is statistically significant at 5% level.<\/p>\n Conclusion:<\/strong> Wipro Limited is good for short term investment.<\/p>\n","protected":false},"excerpt":{"rendered":" \u00a0 Relationship of Wipro Ltd. with Nifty 50 \u00a0 Author: Walsh Varughese \u00a0 F4 2024-26 \u2013 021330024479, ITM Business School, Kharghar, Maharashtra, India \u00a0 Introduction: Wipro Limited is a leading global information technology, consulting, and business process services company. Headquartered in Bangalore, India, Wipro offers a wide range of services, including IT solutions, cloud computing,… Continue reading Relationship of Wipro Ltd. with Nifty 50<\/span><\/a><\/p>\n","protected":false},"author":139497,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[844],"class_list":["post-21211","post","type-post","status-publish","format-standard","hentry","category-finance","tag-mba-finance","entry"],"_links":{"self":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21211","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\/139497"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21211"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21211\/revisions"}],"predecessor-version":[{"id":21212,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21211\/revisions\/21212"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21211"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}