{"id":21301,"date":"2024-10-08T14:12:43","date_gmt":"2024-10-08T08:42:43","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=21301"},"modified":"2024-10-08T14:12:45","modified_gmt":"2024-10-08T08:42:45","slug":"relationship-of-asian-paints-with-nifty-50","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=21301","title":{"rendered":"Relationship of Asian paints with Nifty 50"},"content":{"rendered":"<p><strong><u>Title: Relationship of Asian paints with Nifty 50<\/u><\/strong><\/p>\n<p><strong><u>Author: Aditya Aute<\/u><\/strong><\/p>\n<p><strong><u>Introduction<\/u><\/strong>: One of the top paint manufacturers in India, Asian Paints is a significant component of the Nifty 50, the National Stock Exchange&#8217;s benchmark index (NSE). Its significance in the Indian equity market is reflected in the way that its performance, as a Nifty 50 stock, affects the larger index. Its inclusion indicates that investors find it to be a favorite due to its strong market capitalization, liquidity, and steady performance. The stock movements of Asian Paints frequently reflect developments in the consumer goods and real estate industries.<\/p>\n<p><strong><u>Objective<\/u><\/strong>: To find out beta of Asian paints &amp; its significance.<\/p>\n<p><strong><u>Data collection<\/u><\/strong>: Data for Nifty50 &amp; Suzlon 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: (Yt-1 &#8211; Yt)\/Yt*100 Weekly returns of Suzlon were regressed on weekly returns of Nifty50.<\/p>\n<p><strong><u>Data analysis<\/u><\/strong>: Weekly returns of Asian paints =0.41+0.71, N=46, R Square =0.115, t stat= 2.394, F= 5.732, P-value= 0.021.<\/p>\n<p>The above equation shows the relationship between Niffty50 &amp; Asian paints. The positive sign before 0.71 means if Nifty raises Asian paints raises &amp; vice versa. The Coefficient of Nifty50 has t stat = 2.394 &amp; the P value of which is 0.021 meaning Nifty50 is statistically significant. To increase the prices of Asian paints, R square is 0.115 meaning 0.36% of Asian paints prices are explained by Nifty50. 99.9% dependent upon other factors like fundamentals are other factors. F is 5.732 &amp; the P value of this is 0.021 meaning it is more than 0.05 meaning the overall model is statistically significant.<\/p>\n<p><strong><u>Conclusion<\/u><\/strong>: 0.71 coefficient is positive but less than 1, so we can accept this for short term investment .<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Title: Relationship of Asian paints with Nifty 50 Author: Aditya Aute Introduction: One of the top paint manufacturers in India, Asian Paints is a significant component of the Nifty 50, the National Stock Exchange&#8217;s benchmark index (NSE). Its significance in the Indian equity market is reflected in the way that its performance, as a Nifty&hellip; <a class=\"more-link\" href=\"http:\/\/www.sachdevajk.in\/?p=21301\">Continue reading <span class=\"screen-reader-text\">Relationship of Asian paints with Nifty 50<\/span><\/a><\/p>\n","protected":false},"author":139545,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[1997],"class_list":["post-21301","post","type-post","status-publish","format-standard","hentry","category-investing","tag-itm-f2","entry"],"_links":{"self":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21301","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\/139545"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21301"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21301\/revisions"}],"predecessor-version":[{"id":21302,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21301\/revisions\/21302"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21301"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21301"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21301"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}