{"id":21269,"date":"2024-10-10T07:10:53","date_gmt":"2024-10-10T01:40:53","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=21269"},"modified":"2024-10-10T07:10:53","modified_gmt":"2024-10-10T01:40:53","slug":"relationship-of-polycab-india-limited-with-nifty-50-2","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=21269","title":{"rendered":"Relationship of Polycab India Limited with Nifty 50."},"content":{"rendered":"<p><strong>Title: <\/strong>Relationship of Polycab India Limited with Nifty 50.<\/p>\n<p><strong>Author<\/strong>: Purva Sameer Joshi<\/p>\n<p><strong>Introduction<\/strong>:<\/p>\n<p>Polycab India Limited is\u00a0a leading manufacturer of wires and cables in India, and also produces fast-moving electrical goods (FMEG). Polycab\u2019s products include power cables, control cables, instrumentation cables, solar cables, building wires, flexible cables, electric fans, LED lighting, switches, switchgear, solar products, and conduits.<\/p>\n<p><strong>Objective: <\/strong>To find out Beta of Polycab India Limited and its Significance.<\/p>\n<p><strong>Data<\/strong> <strong>Collection<\/strong>: Data was collected from nseindia.in . Values of Friday weekly close, then the weekly returns were found using (Y t+1 &#8211; Yt) \/ Yt *100.<\/p>\n<p>Y = Polycab India Limited<\/p>\n<p>X = Nifty 50<\/p>\n<p>Y was regress on X<\/p>\n<p><strong>Data<\/strong> <strong>Analysis: <\/strong>Weekly returns of Polycab India Limited = &#8211; 0.56 +0.75 of Nifty 50<\/p>\n<p>\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\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 (0.99) t-stat<\/p>\n<p>N = 48, R Square =0.02, F= 0.99, P value= 0.32<\/p>\n<p>Above equation shows relationship between Nifty 50 and Polycab India Limited. Positive science before the coefficient of Nifty 50 tells us that there is a positive relationship. If Nifty 50 rises 1 unit, Polycab India Limited rises by 0.75 points and vice versa. Figure in bracket is that for t-stat and the P value which is 0.32 is more than 0.05 the beta is not statistically significant.<\/p>\n<p>N= 48, R square= 0.02 which means 2 % Polycab India Limited returns are explained by Nifty 50 and the balanced error are influenced by other variables<\/p>\n<p>F= 0.99 and the P value is 0.32 it is more than 0.05 meaning overall model is not statistically significant at 5 % level.<\/p>\n<p><strong>Conclusion: <\/strong><\/p>\n<p>\u03b2&lt; 1 and positive (less than 1) means good for long term investment.<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Title: Relationship of Polycab India Limited with Nifty 50. Author: Purva Sameer Joshi Introduction: Polycab India Limited is\u00a0a leading manufacturer of wires and cables in India, and also produces fast-moving electrical goods (FMEG). Polycab\u2019s products include power cables, control cables, instrumentation cables, solar cables, building wires, flexible cables, electric fans, LED lighting, switches, switchgear, solar&hellip; <a class=\"more-link\" href=\"http:\/\/www.sachdevajk.in\/?p=21269\">Continue reading <span class=\"screen-reader-text\">Relationship of Polycab India Limited with Nifty 50.<\/span><\/a><\/p>\n","protected":false},"author":139467,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[],"class_list":["post-21269","post","type-post","status-publish","format-standard","hentry","category-finance","entry"],"_links":{"self":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21269","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\/139467"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21269"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21269\/revisions"}],"predecessor-version":[{"id":21270,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21269\/revisions\/21270"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21269"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}