{"id":21305,"date":"2024-10-10T07:10:53","date_gmt":"2024-10-10T01:40:53","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=21305"},"modified":"2024-10-10T07:10:53","modified_gmt":"2024-10-10T01:40:53","slug":"relationship-of-polycab-with-nifty-50","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=21305","title":{"rendered":"Relationship of Polycab with Nifty 50"},"content":{"rendered":"

1 <\/sup><\/u><\/em>F2 \u00a02024-26\u00a0 \u2013 021330024152, ITM Business School, Kharghar, Maharashtra, India
Corresponding Author E-mail:\u00a0 Prachirai290@gmail.com<\/u><\/em><\/p>\n

Author:<\/u><\/strong> \u00a0\u00a0Prachi Rai<\/p>\n

Introduction:<\/u><\/strong><\/p>\n

\u00a0 Polycab is a leading Indian manufacturer and supplier of wires, cables, and related electrical products. Established in 1968, the company has grown into one of the most trusted brands in the industry, offering a wide range of products including power cables, control cables, and communication cables. Polycab also manufactures electrical accessories like switches, fans, lighting, and solar solutions. With a strong presence in both domestic and international markets, the company is known for its innovation, quality, and commitment to sustainability.<\/p>\n

\u00a0<\/p>\n

Objective:<\/u><\/strong><\/p>\n

\u00a0To find out beta of Polycab and its significance.<\/p>\n

\u00a0<\/p>\n

Data collection:<\/u><\/strong><\/p>\n

\u00a0Data for Nifty 50 and polycab was downloaded from http:\/www.nseindia.com\/ \u00a0for Current year i.e. 1-4-23 to 31-3-24.<\/p>\n

Data was manipulated to get Friday closing prices and weekly returns were calculated by the formula (yt-1 \u2013 yt)\/yt*100<\/p>\n

Weekly returns of polycab was regressed on weekly returns of Nifty 50<\/p>\n

\u00a0<\/p>\n

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

Weekly returns of Polycab = 0.13+1.21<\/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\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 3.70(T-stat weekly return of Nifty 50)<\/p>\n

N=46, R Square = 0.238, F= 13.76, P value= 0.00057<\/p>\n

\u00a0<\/p>\n

The above Equation shows the relationship between Nifty 50 and Polycab. The positive sign before 1.21means, if Nifty 50 rises, Polycab will also rise and vice-versa. The coefficient of Nifty 50 has T-stats=3.70 and the P value of which is 0.00057. It is more than 0.05 meaning Nifty 50 is not statistically significant to increase the price of Polycab. R square = 0.238 meaning 0.238% of Polycab price prices are explained by Nifty 50, 99.76% depends upon other factors like fundamentals are other factors. F is 13.760 and the P value for this 0.00057, meaning it is more than 0.05, Meaning the overall model is not statistically significant.<\/p>\n

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

\u00a0 Weekly Coefficient is 1.21, this value is more than 1 but positive means Polycab is good for short term investment.<\/p>\n

\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

1 F2 \u00a02024-26\u00a0 \u2013 021330024152, ITM Business School, Kharghar, Maharashtra, India Corresponding Author E-mail:\u00a0 Prachirai290@gmail.com Author: \u00a0\u00a0Prachi Rai Introduction: \u00a0 Polycab is a leading Indian manufacturer and supplier of wires, cables, and related electrical products. Established in 1968, the company has grown into one of the most trusted brands in the industry, offering a wide… Continue reading Relationship of Polycab with Nifty 50<\/span><\/a><\/p>\n","protected":false},"author":139543,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[],"class_list":["post-21305","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\/21305","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\/139543"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21305"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21305\/revisions"}],"predecessor-version":[{"id":21306,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21305\/revisions\/21306"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21305"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}