{"id":21327,"date":"2024-10-10T07:10:38","date_gmt":"2024-10-10T01:40:38","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=21327"},"modified":"2024-10-10T07:10:38","modified_gmt":"2024-10-10T01:40:38","slug":"relationship-of-maruti-suzuki-india-limited-with-nifty-50-2","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=21327","title":{"rendered":"Relationship of Maruti Suzuki India Limited with Nifty 50."},"content":{"rendered":"<p><strong><u>Relationship of Maruti Suzuki India Limited with Nifty 50<\/u><\/strong><\/p>\n<p><strong><u>Author<\/u><\/strong>: Madhushri Elayaperumal Nadar.<\/p>\n<p>\u00a0<\/p>\n<p><strong><u>Introduction<\/u>: <\/strong>Maruti Suzuki India Limited, India\u2019s largest passenger vehicle manufacturer, is a joint venture between the Government of India and Suzuki Motor Corporation, Japan.\u00a0 Since 1981, Maruti Suzuki has led the Indian automotive industry with innovative, affordable, and reliable vehicles, commanding a market share of over 47%.<\/p>\n<p><strong><u>Objective<\/u><\/strong>: To find out the beta of Maruti Suzuki India Limited and its significance.<\/p>\n<p><strong><u>Data Collection<\/u><\/strong>: Data of the Maruti Suzuki India Limited and Nifty 50 was downloaded from NSE site for the period 1<sup>st <\/sup>May 2023 to 30<sup>th <\/sup>April 2024.\u00a0 Data was manipulated to get Friday closing prices and weekly returns were calculated X is for Nifty 50 and Y for Maruti Suzuki India Ltd using the formula (Y<sub>t+1<\/sub>-Y<sub>t<\/sub>)\/Y<sub>t<\/sub>*100.\u00a0 Weekly returns of Maruti Suzuki India Ltd were regressed on weekly returns of Nifty 50.<\/p>\n<p><strong><u>Data Analysis<\/u><\/strong>: Regression equation for weekly returns of Maruti Suzuki India Ltd = -0.74+(-0.24) Weekly returns of Nifty 50.\u00a0 B-t-stat = -1.89, N = 47, R<sup>2 <\/sup>= 0.023, F = 1.08, P Value (Significance F) = 0.30.<\/p>\n<p>The above equations show the relationship between Nifty 50 and the Maruti Suzuki India Ltd.\u00a0 The Negative sign before the Co-efficient (-0.24) of Nifty 50 tells us that there is the negative relationship if Nifty decreases by 1 unit, then the Maruti Suzuki India Ltd will also decreases and wise versa.\u00a0 Figures in Bracket is t-stat for beta which is -1.89 and P value for which is 0.30 which is greater than 0.05 meaning the overall model is not statistically significant. N = 47, R<sup>2 <\/sup>= 0.023 which means 2.3%of Maruti Suzuki India Ltd return are explained by Nifty 50.\u00a0 F = 1.08 and P Value for that is 0.30 which is more than 0.05 meaning overall model is not statistically significant at 5% level.<\/p>\n<p><strong><u>Conclusion<\/u><\/strong>: Maruti Suzuki India Ltd is not good for investment.<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Relationship of Maruti Suzuki India Limited with Nifty 50 Author: Madhushri Elayaperumal Nadar. \u00a0 Introduction: Maruti Suzuki India Limited, India\u2019s largest passenger vehicle manufacturer, is a joint venture between the Government of India and Suzuki Motor Corporation, Japan.\u00a0 Since 1981, Maruti Suzuki has led the Indian automotive industry with innovative, affordable, and reliable vehicles, commanding&hellip; <a class=\"more-link\" href=\"http:\/\/www.sachdevajk.in\/?p=21327\">Continue reading <span class=\"screen-reader-text\">Relationship of Maruti Suzuki India Limited with Nifty 50.<\/span><\/a><\/p>\n","protected":false},"author":139548,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[],"class_list":["post-21327","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\/21327","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\/139548"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21327"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21327\/revisions"}],"predecessor-version":[{"id":21328,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21327\/revisions\/21328"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21327"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}