{"id":21441,"date":"2024-10-10T07:09:43","date_gmt":"2024-10-10T01:39:43","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=21441"},"modified":"2024-10-10T07:09:43","modified_gmt":"2024-10-10T01:39:43","slug":"punjab-national-bank","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=21441","title":{"rendered":"Punjab National Bank"},"content":{"rendered":"
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TITLE:<\/span><\/span> PUNJAB NATIONAL BANK<\/span><\/span><\/p>\n

\u2022 <\/span>AUTHOR:<\/span><\/span> PRIYA SURENDRA <\/span><\/span>SHARMA<\/span><\/span><\/div>\n
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\u2022 <\/span>INTRODUCTION:<\/span><\/span> Punjab National Bank (PNB), established in 1894, is one of India\u2019s oldest and leading public sector banks. Headquartered in New Delhi, it provides a wide range of banking and financial services, including retail and corporate banking, asset management, and international banking operations. PNB has a vast network of branches and ATMs across India and overseas, catering to millions of customers. It has played a significant role in India\u2019s economic development and is known for its customer-centric approach and commitment to financial inclusion.<\/span><\/span><\/div>\n
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\u2022 <\/span>OBJECIVE: <\/span><\/span>TO FIND OUT<\/span><\/span> BETA AND SIGNIFICANCE OF <\/span><\/span>PUNJAB NATIONAL BANK<\/span><\/span>.<\/span><\/span><\/div>\n
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\u2022 <\/span>DATA COLLECTION: <\/span><\/span>Data was collected from NSE site for the period of 1\/5\/23 to 30\/4\/2024. Data was manipulated to find the Friday closing price. Weekly returns of NIFTY50<\/span><\/span> and <\/span><\/span>PUNJAB NATIONAL BANK<\/span><\/span> were calculated. Weekly return of <\/span><\/span>PUNJAB NATIONAL BANK <\/span><\/span>if Y and weekly returns of NIFTY50 is X. Weekly return of <\/span><\/span>PUNJAB NATIONAL BANK <\/span><\/span>was regressed on weekly returns of NIFTY50.<\/span><\/span><\/div>\n
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\u2022 <\/span>DATA ANALYSIS: <\/span><\/span><\/div>\n

Weekly return of <\/span><\/span>Punjab National Bank<\/span><\/span> = <\/span><\/span>(-1.15)<\/span><\/span> + <\/span><\/span>1.56 <\/span><\/span>(weekly return of NIFTY50<\/span><\/span>\u00a0 \u00a0 \u00a0<\/span><\/span>(<\/span><\/span>2.97 <\/span><\/span>T STAT)<\/span><\/span><\/p>\n

N=<\/span><\/span>48,<\/span><\/span> R<\/span><\/span>2<\/span><\/span>=0.<\/span><\/span>16 <\/span><\/span>,<\/span><\/span> F=<\/span><\/span>8.82 <\/span><\/span>, P VALUE=<\/span><\/span>0.0<\/span><\/span>04<\/span><\/span>7<\/span><\/span><\/p>\n

\u2022 <\/span>INTERPRETATION:<\/span><\/span> The above equation shows the relationship between Weekly Return of <\/span><\/span>PUNJAB NATIONAL BANK<\/span><\/span> and Weekly return of NIFTY 50. The plus sign before the <\/span><\/span>coefficient<\/span><\/span> of NIFTY50 tells that if NIFTY rises your company will also rise and vice versa.<\/span><\/span><\/div>\n

2.97<\/span><\/span> is the TSTAT for the Beta and the P value for which is <\/span><\/span>0.00<\/span><\/span>47<\/span><\/span> which is less than 0.05 meaning Beta is statistically significant @ 5% level.<\/span><\/span><\/p>\n

R<\/span><\/span>2 <\/span><\/span>is 0.<\/span><\/span>16<\/span><\/span> meaning <\/span><\/span>16 <\/span><\/span>% of companies return are explained by NIFTY50 the balance <\/span><\/span>84 <\/span><\/span>% maybe due to fundamentals.<\/span><\/span><\/p>\n

F is <\/span><\/span>8.82<\/span><\/span> and the P value is 0.00<\/span><\/span>4<\/span><\/span>7 meaning the overall model is statistically significant.<\/span><\/span><\/p>\n

\u2022 <\/span>CONCLUSION: <\/span><\/span>Since Beta is <\/span><\/span>1.56<\/span><\/span> which is more than 1, this is good for short term investment,<\/span><\/span><\/div>\n

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TITLE: PUNJAB NATIONAL BANK \u2022 AUTHOR: PRIYA SURENDRA SHARMA \u00a0 \u2022 INTRODUCTION: Punjab National Bank (PNB), established in 1894, is one of India\u2019s oldest and leading public sector banks. Headquartered in New Delhi, it provides a wide range of banking and financial services, including retail and corporate banking, asset management, and international banking operations. PNB… Continue reading Punjab National Bank<\/span><\/a><\/p>\n","protected":false},"author":139561,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[],"class_list":["post-21441","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\/21441","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\/139561"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21441"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21441\/revisions"}],"predecessor-version":[{"id":21442,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21441\/revisions\/21442"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21441"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}