\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Relation analysis of Bharat Forge \u00a0Ltd.\u00a0with Nifty 50<\/p>\n
Author: Bhairavi Kambare<\/p>\n
F3 \u2013 021330024095<\/p>\n
ITM Business School Navi Mumbai<\/p>\n
\u00a0<\/p>\n
Introduction:<\/strong><\/p>\n Bharat Forge Limited (BFL) is\u00a0an Indian multinational company that manufactures and engineer high-performance components for industrial and automotive applications.\u00a0They are a global leader in the manufacturing of forged and machined components.<\/p>\n Data Analysis:\u00a0<\/strong><\/p>\n Weekly returns of Nifty 50 quoted as \u03b2 (beta) = -0.08582<\/p>\n Weekly returns of Bharat Forge Ltd. = -1.01677<\/p>\n T stat = -1.699592669<\/p>\n N = 46\u00a0<\/p>\n R2\u00a0= 0.000831<\/p>\n F = 0.038238<\/p>\n P value = 0.095961<\/p>\n Y = Weekly returns of Bharat Forge Ltd.+ Weekly returns of Nifty 50\u00a0\u00a0<\/p>\n \u00a0Y\u00a0\u00a0 = -0.0858 + (-1.017) x<\/p>\n Interpretation:\u00a0<\/strong><\/p>\n The above equation shows the relationship between weekly returns of Nifty 50 and weekly returns of Bharat Forge Ltd. The positive sign before the coefficient of \u03b2 means the positive relation between Nifty 50 and Sun Pharmaceutical Industries Ltd. I.e. if Nifty rises by 1 unit, then Sun Pharmaceutical will rise by 0.085.\u00a0<\/p>\n \u00a0Also, P value is 0.0959 which is lower than 0.5 so T-stat is statistically significant at 5% level.\u00a0<\/p>\n R2\u00a0is 0.000831which means 8.3% of weekly returns of Sun Pharmaceutical Industries Ltd. Are explained by Nifty.\u00a0<\/p>\n Rest 91.7% is standard error i.e. affected by other factors such as PESTEL\u00a0and operations of the company.\u00a0<\/p>\n Conclusion<\/strong>:<\/em>\u00a0<\/p>\n If \u03b2 is less than 0 then the stock should be avoided. Therefore, investment should be done in Bharat Forge Ltd.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":" \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Relation analysis of Bharat Forge \u00a0Ltd.\u00a0with Nifty 50 Author: Bhairavi Kambare F3 \u2013 021330024095 ITM Business School Navi Mumbai \u00a0 Introduction: Bharat Forge Limited (BFL) is\u00a0an Indian multinational company that manufactures and engineer high-performance components for industrial and automotive applications.\u00a0They are a global leader in the manufacturing of forged and machined components. Data Analysis:\u00a0… Continue reading Relation analysis of Bharat Forge Ltd. with Nifty 50<\/span><\/a><\/p>\n","protected":false},"author":139523,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-21227","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21227","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\/139523"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21227"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21227\/revisions"}],"predecessor-version":[{"id":21228,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21227\/revisions\/21228"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21227"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21227"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21227"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}