{"id":21421,"date":"2024-10-10T07:12:57","date_gmt":"2024-10-10T01:42:57","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=21421"},"modified":"2024-10-10T07:12:57","modified_gmt":"2024-10-10T01:42:57","slug":"title-relationship-of-yes-bank-ltd-with-nifty-50","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=21421","title":{"rendered":"Title \u2013 Relationship of Yes Bank Ltd with Nifty 50"},"content":{"rendered":"

Author \u2013 Yash Pokharna<\/p>\n

\u00a0<\/p>\n

Introduction<\/p>\n

Yes Bank is an Indian private sector bank, headquartered in Mumbai, catering to retail customers, MSMEs, and corporate clients. The bank was founded by Rana Kapoor and Ashok Kapoor in 2003. Its network is spread across 300 districts in India and comprises 1,198 branches, 193 BCBOs and 1,287+ ATMs.<\/p>\n\n\n\n\n\n\n\n\n\n
\n

Metric Value<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n

Revenue: <\/strong>\u20b9 5,160 million<\/p>\n<\/td>\n<\/tr>\n

\n

Profit: <\/strong>\u20b9 801 crore<\/p>\n<\/td>\n<\/tr>\n

\n

EPS: <\/strong>\u20b9 0.17<\/p>\n<\/td>\n<\/tr>\n

\n

Dividend: <\/strong>\u20b9 0 per share<\/p>\n<\/td>\n<\/tr>\n

\n

PE Ratio: <\/strong>45.8<\/p>\n<\/td>\n<\/tr>\n

\n

PB Ratio: <\/strong>1.65<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\u00a0<\/p>\n

Objectives<\/p>\n

To find out Beta of YES BANK LTD and its significance<\/p>\n

\u00a0<\/p>\n

Data collection<\/p>\n

Data for Nifty 50 and YES BANK Ltd was downloaded from NSEIndia.in for 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 formula (Yt-1 \u2013 Yt)\/Yt *100<\/p>\n

Weekly return of YES BANK LTD was regressed on weekly return of Nifty 50<\/p>\n

\u00a0<\/p>\n

Data analysis<\/p>\n

Weekly return of YES BANK ltd = 1.26 + 0.42<\/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 0.52 (T- Stat Weekly return of Nifty 50)<\/p>\n

N=46, R Square= 0.006, F= 0.28, P-Value=0.60<\/p>\n

The above Equation shows the relationship between Nifty 50 and YES BANK LTD,<\/p>\n

The positive sign means if Nifty 50 rises, YES BANK LTD will also rise and vice-versa. The co-efficient of Nifty 50 has the T-Stat = 0.52 and P-value= 0.60, it is more than 0.05 this means Nifty 50 is not statistically significant to increase prices of YES BANK LTD.<\/p>\n

R-Square= 0.006, meaning 0.006% of YES BANK LTD share prices are explained by Nifty 50, 99.99% depends upon other factors like fundamentals.<\/p>\n

F= 0.28and P-value= 0.60 meaning it is more than 0.05 meaning overall model is not statistically significant.<\/p>\n

\u00a0<\/p>\n

Conclusion<\/p>\n

Weekly co-efficient= 0.42 less than 1 but positive, it means it is good for long term investment.<\/p>\n","protected":false},"excerpt":{"rendered":"

Author \u2013 Yash Pokharna \u00a0 Introduction Yes Bank is an Indian private sector bank, headquartered in Mumbai, catering to retail customers, MSMEs, and corporate clients. The bank was founded by Rana Kapoor and Ashok Kapoor in 2003. Its network is spread across 300 districts in India and comprises 1,198 branches, 193 BCBOs and 1,287+ ATMs.… Continue reading Title \u2013 Relationship of Yes Bank Ltd with Nifty 50<\/span><\/a><\/p>\n","protected":false},"author":139574,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[],"class_list":["post-21421","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\/21421","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\/139574"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21421"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21421\/revisions"}],"predecessor-version":[{"id":21422,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21421\/revisions\/21422"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21421"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}