{"id":21397,"date":"2024-10-10T07:10:54","date_gmt":"2024-10-10T01:40:54","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=21397"},"modified":"2024-10-10T07:10:54","modified_gmt":"2024-10-10T01:40:54","slug":"relationship-of-reliance-industries-with-nifty-50","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=21397","title":{"rendered":"Relationship of Reliance Industries with Nifty 50"},"content":{"rendered":"<p><strong>Title: Relationship of Reliance Industries with Nifty 50<\/strong><\/p>\n<p><strong>Author<\/strong>: Rutuj Parab<\/p>\n<p><strong>Introduction<\/strong><strong>:<\/strong> Reliance Industries Limited is a multinational conglomerate headquartered in Mumbai, India. It&#8217;s one of the largest private sector companies in the world, with a diverse portfolio spanning energy, petrochemicals, natural gas, retail, telecommunications, and more. Founded in 1958, Reliance has grown rapidly to become a major player in the Indian economy, contributing significantly to the country&#8217;s industrial development<strong>.<\/strong><\/p>\n<p><strong>Objective<\/strong>: To find out Beta of Reliance Industries and its significance.<\/p>\n<p><strong>Data Collection<\/strong><strong>:<\/strong> The data of Nifty 50 and the data for Reliance Industries was downloaded from 01-06-2023 to 31-05-2024 form NSE India.com. This data is used for finding out the Friday closing prices for Nifty 50 and Reliance Industries. Weekly return was calculated by the formula (Yt+1-Yt)\/Yt*100 and then weekly returns of the Nifty 50 was taken as X and the equity of Reliance Industries was taken as Y. Y was regressed on X.<\/p>\n<p><strong>Data Analysis<\/strong>: \u2013 Weekly return of Reliance Industries = (-0.41) + 0.13<\/p>\n<p>N = 48, R<strong><sup>2<\/sup><\/strong> = 0.005, t stat = (-1.05), F = 0.23, P-value = 0.63.<\/p>\n<p>The above Equation shows the relationship between Nifty 50 and Reliance Industries. Negative sign before the co-efficient of Nifty 50 tells us that there is a negative relationship. If Nifty rise by 1 unit then Reliance Industries will rise by 0.90 and vice versa. Figures in bracket is t stands for Beta and P value is 0.63 which is more than 0.5 meaning that the Beta is not statistically significant. No of observation are 48. R2 is 0.005 which means 0.5%of the company returns are explained by Nifty 50. F = 0.24 and the P value for that is 0.63. It is more than 0.005 meaning that overall model is not statistically significant at 5% level.<\/p>\n<p><strong>Conclusion<\/strong>: \u03b2&lt; 1 and positive (less than 1) means good for long term investment.<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Title: Relationship of Reliance Industries with Nifty 50 Author: Rutuj Parab Introduction: Reliance Industries Limited is a multinational conglomerate headquartered in Mumbai, India. It&#8217;s one of the largest private sector companies in the world, with a diverse portfolio spanning energy, petrochemicals, natural gas, retail, telecommunications, and more. Founded in 1958, Reliance has grown rapidly to&hellip; <a class=\"more-link\" href=\"http:\/\/www.sachdevajk.in\/?p=21397\">Continue reading <span class=\"screen-reader-text\">Relationship of Reliance Industries with Nifty 50<\/span><\/a><\/p>\n","protected":false},"author":139569,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[],"class_list":["post-21397","post","type-post","status-publish","format-standard","hentry","category-investing","entry"],"_links":{"self":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21397","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\/139569"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21397"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21397\/revisions"}],"predecessor-version":[{"id":21398,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21397\/revisions\/21398"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21397"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}