{"id":21225,"date":"2024-10-10T07:10:54","date_gmt":"2024-10-10T01:40:54","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=21225"},"modified":"2024-10-10T07:10:54","modified_gmt":"2024-10-10T01:40:54","slug":"relationship-of-ramasteel-with-nifty-50","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=21225","title":{"rendered":"Relationship of RamaSteel With Nifty 50"},"content":{"rendered":"<p><strong>Title :<\/strong> Relationship of RamaSteel With Nifty 50<\/p>\n<p><strong>Author :<\/strong> Rohit Gawli<\/p>\n<p><strong>Introduction :<\/strong> Rama Steel Tubes Limited engages in the manufacture and trading of steel pipes and tubes, and rigid poly vinyl chloride and galvanized iron pipes in India and internationally. Ramasteel is a leading manufacturer of steel pipes and tubes, rigid PVC and GI pipes, and square section products in India. The company was incorporated in 1974 and has a market capitalization of \u20b92,096 crore. Its share price has ranged from \u20b99.90 to \u20b917.6 in the past 52 weeks. Ramasteel&#8217;s book value is \u20b92.18 per share, and it does not currently pay a dividend. The company&#8217;s return on capital employed (ROCE) is 12.8%, and its return on equity (ROE) is 10.4%.<\/p>\n<p><strong>Objective :<\/strong> To Find Out \u00a0Beta of Ramasteel company &amp; its significance<\/p>\n<p><strong>Data Collection :<\/strong> Data for Nifty50 &amp; Ramasteel was downloaded from NSE website, further period 1<sup>st<\/sup> April 2023 to 31<sup>st<\/sup> March 2024. Data was manipulated to get Friday closing prices &amp; weekly returns were calculated by the Formula : Weekly returns of Suzlon was regressed on weekly returns of Nifty50.<\/p>\n<p><strong>Data Analysis<\/strong> : \u00a0Weekly return of Ramasteel \u00a0= \u00a04.395096 +1.375312(0.413857)<\/p>\n<p>N = 46, R2 = 0.003878, F = 0.171278, P-value = 0.33<\/p>\n<p>The above equation shows the relationship between Niffty 50 &amp; RamaSteel. The Positive sign before 1.375312 means if Nifty 50 Rises also RamaSteel Also Rises &amp; vice versa. The Coefficient of Nifty50 has t stat = (0.413857) &amp; the P value of which is 0.680989 which is more than 0.05 meaning nifty 50 is not Statistically Significant to Increase the Prices of\u00a0 Ramasteel. To increase the prices of Ramasteel , R2 is 0.003878 meaning\u00a0 of 0.3878% of Ramasteel prices explained by Nifty 50. 99.9% dependents upon other factors like fundamentals are other factors. F is 0.171278 &amp; the P value of this is 0.680989 meaning it is more than 0.05 meaning the overall\u00a0 all model is not statistically significant.<\/p>\n<p><strong>Conclusion :<\/strong> Weekly return of Coefficient is 1.375312 which is more than 1 so it is good for Short term investment<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Title : Relationship of RamaSteel With Nifty 50 Author : Rohit Gawli Introduction : Rama Steel Tubes Limited engages in the manufacture and trading of steel pipes and tubes, and rigid poly vinyl chloride and galvanized iron pipes in India and internationally. Ramasteel is a leading manufacturer of steel pipes and tubes, rigid PVC and&hellip; <a class=\"more-link\" href=\"http:\/\/www.sachdevajk.in\/?p=21225\">Continue reading <span class=\"screen-reader-text\">Relationship of RamaSteel With Nifty 50<\/span><\/a><\/p>\n","protected":false},"author":139524,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[43,384],"class_list":["post-21225","post","type-post","status-publish","format-standard","hentry","category-investing","tag-finance","tag-itm","entry"],"_links":{"self":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21225","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\/139524"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21225"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21225\/revisions"}],"predecessor-version":[{"id":21226,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21225\/revisions\/21226"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21225"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21225"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21225"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}