{"id":21303,"date":"2024-10-10T07:11:09","date_gmt":"2024-10-10T01:41:09","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=21303"},"modified":"2024-10-10T07:11:09","modified_gmt":"2024-10-10T01:41:09","slug":"relationship-of-shoppers-stop-ltd-with-nifty-50-2","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=21303","title":{"rendered":"RELATIONSHIP OF SHOPPERS STOP LTD WITH NIFTY 50"},"content":{"rendered":"

Title:<\/strong> RELATIONSHIP OF SHOPPERS STOP LTD WITH NIFTY 50<\/p>\n

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Author:<\/strong> Siddhi Phofaliya<\/p>\n

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Introduction to Shoppers Stop Ltd:<\/strong><\/p>\n

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. Shoppers Stop is an Indian department store chain, owned by the K Raheja Corp. There are 108 stores across 45 cities in India, with clothing, accessories, handbags, shoes, jewelry, fragrances, cosmetics, health and beauty products, home furnishing, and decor products. Shoppers Stop is listed on the BSE and NSE.<\/p>\n

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Objectives:<\/strong><\/p>\n

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To find out \u03b2 of Shoppers Stop Ltd and its significance<\/p>\n

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Data Collection<\/strong>:<\/p>\n

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Data of Shoppers stop Ltd and Nifty 50 is downloaded for period of 1st<\/sup> May 2023 to 30th<\/sup> April 2024 from NSE. And data is manipulated to get Friday closing prices. Weekly returns of Nifty 50 is taken as \u201cx\u201c value and returns of Shoppers Stop Ltd is taken as \u201cy\u201c. Weekly returns of shoppers stop Ltd was regressed on weekly returns of Nifty 50.<\/p>\n

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Data Analysis:<\/strong><\/p>\n

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Weekly returns of Shoppers Stop Ltd =-0.27(Intercept)+0.97(weekly returns of Nifty 50) 2.95 (T-stat)<\/p>\n

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N(observation)- 48, – 0.16, F- 8.73, P Value- 0.005<\/p>\n

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Interpretation <\/strong>\u00a0<\/strong><\/p>\n

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The above equation shows the relationship between weekly returns of Shoppers Stop and weekly returns of Nifty 50. The plus sign by coefficient of Nifty 50 tells if Nifty rises Shoppers Stop will also rise and vise versa. If\u00a0 Nifty 50 rises 1 unit, company will also rise by 0.90 unit.<\/p>\n

2.95(Tstat per \u03b2) of p value which is 0.005 which is less than 0.5 meaning \u03b2 is statistically significant at 5% Level<\/p>\n

\u00a0\u2013 0.16<\/u> meaning 16% of companies return are explained by Nifty 50, the remaining 84% maybe due to fundamentals.<\/p>\n

F is 8.73 and P value is 0.005 that means DATA IS STATISTICALLY SIGNIFICANT.<\/u><\/p>\n

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Conclusion:<\/strong><\/p>\n

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