Author \u2013 Vedashree Pawar<\/p>\n
Introduction – Voltas Limited, a part of the Tata Group, is a leading air conditioning and engineering company in India, specializing in HVAC (heating, ventilation, and air conditioning), project execution, and consumer products. In the last financial year, Voltas reported a revenue of approximately \u20b913,600 crores, showcasing a solid performance driven by strong demand in the cooling segment and project execution. The company is committed to innovation and sustainability in its offerings.<\/p>\n
Objective<\/p>\n
To find out Beta of Voltas ltd. And its Significance<\/p>\n
Data Collection<\/p>\n
DATA COLLECTION<\/p>\n
Data for Nifty 50 And Voltas ltd. was downloaded from NSEIndia.in for Current year i.e.<\/p>\n
1-4-23 to 31-3-24<\/p>\n
Data was manipulated to get Friday closing prices and weekly returns were calculated by<\/p>\n
Formula ( yt-1-Yt)Yt* 100<\/p>\n
Weekly return of Voltas ltd was regressed on Weekly return of Nifty 50<\/p>\n
\u00a0DATA ANALYSIS<\/p>\n
Weekly return of Voltas ltd = –0.27+ .30<\/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\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.8 5(T- Stat Weekly return of Nifty 50)<\/p>\n
N=46, R Square= .0.016, F= 0.72, P-Value=0.39<\/p>\n
The above Equation shows the relationship between Nifty 50 and NCC ltd,<\/p>\n
The positive sign means if Nifty 50 rises, Voltas ltd will also rise and vice-versa. The co-efficient of Nifty 50 has the T-Stat = 0.85 and P-value= 0.39, it is more than 0.05 this means Nifty 50 is not statistic7ally significant to increase prices of Voltas ltd.<\/p>\n
R-Square= 0.016, meaning .016% of Voltas ltd share prices are explained by Nifty 50, 99.98% depends upon other factors like fundamentals.<\/p>\n
F= 0.72 and P-value= 0.39 meaning it is more than 0.05 meaning overall model is not statistically significance<\/p>\n
CONCLUSION<\/p>\n
Weekly co-efficient = 0.30 less than 1 but positive, it means it is good for long term investment.<\/p>\n","protected":false},"excerpt":{"rendered":"
Author \u2013 Vedashree Pawar Introduction – Voltas Limited, a part of the Tata Group, is a leading air conditioning and engineering company in India, specializing in HVAC (heating, ventilation, and air conditioning), project execution, and consumer products. In the last financial year, Voltas reported a revenue of approximately \u20b913,600 crores, showcasing a solid performance driven… Continue reading Title \u2013 Relationship of Voltas ltd. Company Nifty 50<\/span><\/a><\/p>\n","protected":false},"author":139532,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[],"class_list":["post-21255","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\/21255","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\/139532"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21255"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21255\/revisions"}],"predecessor-version":[{"id":21256,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21255\/revisions\/21256"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21255"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}