{"id":21393,"date":"2024-10-10T07:10:38","date_gmt":"2024-10-10T01:40:38","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=21393"},"modified":"2024-10-10T07:10:38","modified_gmt":"2024-10-10T01:40:38","slug":"relationship-of-jublfood-works-with-nifty-50","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=21393","title":{"rendered":"Relationship of JUBLFOOD Works with Nifty 50"},"content":{"rendered":"

Title<\/strong>: Relationship of JUBLFOOD Works with Nifty 50<\/p>\n

Author<\/strong>: Janhavi Kale<\/p>\n

Introduction<\/strong>: JUBLFOOD Works is India’s largest food service company, operating popular brands like Domino’s Pizza and Dunkin’ Donuts. It has a strong presence with over 1,800 outlets across various cities in India, focusing on delivering quick-service meals. The total number of equity shares is 66,07,93,103 with a face value of \u20b92 each. The symbol of the JUBLFOOD Works share is JUBLFOOD.<\/p>\n

Objective<\/strong>: To find out Beta of JUBLFOOD Works and its significance.<\/p>\n

Data Collection: <\/strong>Data of JUBLFOOD Works and Nifty 50 was downloaded from 01\/05\/23 to 30\/04\/24 taken from NSE, then data is manipulated to get Friday closing prices.<\/p>\n

Weekly return of Nifty 50 is taken as X and weekly return of JUBLFOOD Work is taken as Y, then weekly returns of both were calculated, Weekly return of JUBLFOOD Work was regressed on weekly returns of Nifty 50.<\/p>\n

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

Weekly return of JUBLFOOD Work = 0.39 + (-0.45) weekly return of Nifty 50<\/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(-1.22)<\/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 N = 48, R square = 0.03, F = 1.51, P value = 0.22\u00a0\u00a0\u00a0<\/p>\n

Interpretation<\/strong>: The above equation depicts the relationship between weekly returns of JUBLFOOD Work and weekly returns of Nifty 50.<\/p>\n

The plus sign before the coefficient of Nifty 50 tells that if Nifty rises your competition will also rise & vice versa, If Nifty rises by one unit JUBLFOOD Work will rise by 0.90 unit, figure in the bracket is T stat for beta.<\/p>\n

The p value for which 0.22 which is more than 0.05 meaning beta is statistically not significant at 5% level.<\/p>\n

R square is 0.03 meaning 3% of company\u2019s return are explained by Nifty 50 the balance 33% may be due to fundamentals.<\/p>\n

F is 1.51 & P value is 0.22 meaning overall model is statistically insignificant.\u00a0\u00a0\u00a0\u00a0<\/p>\n

Conclusion<\/strong>: As beta is -0.45 meaning it is Negative, hence Avoid this company.\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<\/p>\n

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

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

Title: Relationship of JUBLFOOD Works with Nifty 50 Author: Janhavi Kale Introduction: JUBLFOOD Works is India’s largest food service company, operating popular brands like Domino’s Pizza and Dunkin’ Donuts. It has a strong presence with over 1,800 outlets across various cities in India, focusing on delivering quick-service meals. The total number of equity shares is… Continue reading Relationship of JUBLFOOD Works with Nifty 50<\/span><\/a><\/p>\n","protected":false},"author":139560,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[446],"class_list":["post-21393","post","type-post","status-publish","format-standard","hentry","category-finance","tag-itm-kharghar","entry"],"_links":{"self":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21393","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\/139560"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21393"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21393\/revisions"}],"predecessor-version":[{"id":21394,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21393\/revisions\/21394"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21393"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}