TITLE: Relationship of SRIRAM FINANCE LTD with Nifty 50<\/p>\n
\u00a0<\/strong><\/p>\n AUTHOR<\/u><\/em><\/strong>: SUMIT KUMAR (021330424032)<\/strong><\/p>\n \u00a0<\/u><\/strong><\/p>\n INTRODUCTION<\/u><\/strong>: \u00a0<\/p>\n Shriram Finance is the country\u2019s one of the biggest retail NBFC offering credit solutions for commercial vehicles, two-wheeler loans, car loans, home loans, gold loans, personal and small business loans. Part of the 49 year old Shriram Group, a financial conglomerate that has emerged as a trusted partner in creating transformative experiences and lasting impressions in customers\u2019 lives.<\/u><\/strong><\/p>\n Object:<\/u><\/strong> To find out the beta (\u03b2) of Sriram finance and its significance.<\/p>\n \u00a0<\/p>\n Data Collection:<\/u><\/strong> The data was collected by taking the weekly return of NSE (National Stock Exchange) , NIFTY50 and Sriram finance \u00a0of dated time period of 1 year from 1st<\/sup>\u00a0 May 2023 to 30th<\/sup> April 2024 with the help of NSE \u00a0site. Friday closing price and weekly return was calculated by formula.<\/p>\n Weekly return of Nifty was taken as (X) in terms of company\u00a0 (Sriram finance \u00a0) as Y is taken. Y was regressed on X.<\/p>\n \u00a0<\/p>\n Data analysis:<\/u><\/strong> Regression equation; Y ( Intercept)= Sriram finance \u00a0+ NIFTY 50<\/p>\n \u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Relationship of Nifty 50 and Sriram finance \u00a0= \u00a01.329 + (-0.113) (-0.817) {t-stat})<\/p>\n \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0N = 48, = 0.014313, F = 0.6679, P(VALUE)= 0.418<\/p>\n The above equation shows the relationship between Nifty 50 and Sriram finance positive sign before the co-efficient of Nifty 50 .Tells us that there is a \u00a0relationship if nifty rise by 1unit , company will rise by 1.33.<\/p>\n And vice versa as the co-efficient of t stats as (-0.817) for beta. The p value for which is 0.4179 which is more than 0.05 meaning beta is statistically not significant.<\/p>\n N=48, =0.014313 which means 1.43% of Sriram finance \u00a0return are explained by Nifty 50. Other (98.57%) are variable explained not in model.<\/p>\n f= 0.668 and p value for that variable is 0.0187,it is less than 0.050 meaning overall model is statistically significant at 5% level.<\/p>\n \u00a0<\/p>\n Conclusion<\/u><\/strong>: The given data shows RELATIONSHIP OF Sriram finance with NIFTY50. We know that: \u00a0– 0.113 <1 and negative , means company Sriram finance \u00a0is not good for investment.<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n","protected":false},"excerpt":{"rendered":" TITLE: Relationship of SRIRAM FINANCE LTD with Nifty 50 \u00a0 AUTHOR: SUMIT KUMAR (021330424032) \u00a0 INTRODUCTION: \u00a0 Shriram Finance is the country\u2019s one of the biggest retail NBFC offering credit solutions for commercial vehicles, two-wheeler loans, car loans, home loans, gold loans, personal and small business loans. Part of the 49 year old Shriram Group,… Continue reading RELATIONSHIP OF SHRIRAM FINANCE LTD WITH NIFTY50<\/span><\/a><\/p>\n","protected":false},"author":139563,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[43,384],"class_list":["post-21377","post","type-post","status-publish","format-standard","hentry","category-investing","tag-finance","tag-itm","entry"],"_links":{"self":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21377","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\/139563"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21377"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21377\/revisions"}],"predecessor-version":[{"id":21378,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21377\/revisions\/21378"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21377"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21377"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21377"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}