{"id":21239,"date":"2024-10-10T07:10:38","date_gmt":"2024-10-10T01:40:38","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=21239"},"modified":"2024-10-10T07:10:38","modified_gmt":"2024-10-10T01:40:38","slug":"relationship-of-nestle-india-with-nifty-50","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=21239","title":{"rendered":"Relationship of Nestle India with Nifty 50"},"content":{"rendered":"<p><strong>Title: <\/strong>Relationship of Nestle India with Nifty 50<\/p>\n<p><strong>Author: <\/strong>Naman Patni<\/p>\n<p><strong>Introduction: <\/strong>Nestl\u00e9 India Limited is\u00a0a subsidiary of the Swiss multinational company Nestl\u00e9 S.A. It is a major player in the Indian food and beverage industry, offering a wide range of products including chocolates, beverages, dairy, and cooking aids. Presently, it is the\u00a02nd largest FMCG in India with a market cap of \u20b9246915.83 (as of March 8th, 2024). It boasts a network of 8 manufacturing facilities and 4 branch offices strategically positioned. The journey of Nestle India Limited began in 1961 with the opening of its first manufacturing facility in Moga, Punjab.<\/p>\n<p><strong>Objective: <\/strong>To find out Beta of Nestle India and its significance<\/p>\n<p><strong>Data Collection: <\/strong>Data for Nifty50 &amp; Nestle India was downloaded from NSE website, further period 1<sup>st<\/sup> May 2023 to 30<sup>th<\/sup> April 2024. Data was manipulated to get Friday closing prices &amp; weekly returns were calculated by the Formula: Weekly returns of Nestle India was regressed on weekly returns of Nifty50.<\/p>\n<p><strong>Data Analysis<\/strong>: \u00a0Weekly return of Nestle India = -2.0918 + 1.0653(0.7036)<\/p>\n<p>N = 48, R2 = 0.01088, F = 0.49514, P-value = 0.48526<\/p>\n<p>The above equation shows the relationship between Niffty50 &amp; Nestle India. The Negative sign before 2.0918 means if Nifty raises then Nestle India falls &amp; vice versa. The Coefficient of Nifty50 has t stat = (0.7036) &amp; the P value of which is 0.3162 which is more than 0.05 meaning nifty 50 is not Statistically Significant to Increase the Prices of Nestle India. To increase the prices of Nestle India, R2 is 0.01088 meaning of 1.08% of Nestle India prices explained by Nifty50. 98.92% dependent upon other factors like fundamentals are other factors. F is 0.49514 &amp; the P value of this is 0.3162 meaning it is more than 0.05 meaning the overall all model is not statistically significant.<\/p>\n<p><strong>Conclusion:<\/strong> Weekly return of Coefficient is 1.0653 which is more than 1 so it is good for short term investment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Title: Relationship of Nestle India with Nifty 50 Author: Naman Patni Introduction: Nestl\u00e9 India Limited is\u00a0a subsidiary of the Swiss multinational company Nestl\u00e9 S.A. It is a major player in the Indian food and beverage industry, offering a wide range of products including chocolates, beverages, dairy, and cooking aids. Presently, it is the\u00a02nd largest FMCG&hellip; <a class=\"more-link\" href=\"http:\/\/www.sachdevajk.in\/?p=21239\">Continue reading <span class=\"screen-reader-text\">Relationship of Nestle India with Nifty 50<\/span><\/a><\/p>\n","protected":false},"author":139528,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[43,384],"class_list":["post-21239","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\/21239","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\/139528"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21239"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21239\/revisions"}],"predecessor-version":[{"id":21240,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21239\/revisions\/21240"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21239"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21239"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}