{"id":21479,"date":"2024-10-10T07:10:21","date_gmt":"2024-10-10T01:40:21","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=21479"},"modified":"2024-10-10T07:10:21","modified_gmt":"2024-10-10T01:40:21","slug":"relationship-of-deepak-nitrite-ltd-with-nifty-50","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=21479","title":{"rendered":"Relationship of Deepak Nitrite Ltd. with Nifty 50"},"content":{"rendered":"<p><strong>\u00a0Title:<\/strong> Relationship of Deepak Nitrite Ltd. with Nifty 50<\/p>\n<p>\u00a0<\/p>\n<p><strong>Author:<\/strong> Dushyant Mundra<\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<p><strong>Introduction:<\/strong> Deepak Nitrite is a leading chemical manufacturing company in India, specializing in organic, inorganic, and fine chemicals used across various industries like pharmaceuticals, agrochemicals, and dyes. The company has a strong global presence, offering a wide range of industrial and specialty chemicals. The total number of equity shares is 13,64,26,886 with a face value of \u20b92 each. The symbol of the Deepak Nitrite share is DEEPAKNTR.<\/p>\n<p><strong>Objective<\/strong>: To find out Beta of Deepak Nitrite and its significance.<\/p>\n<p>\u00a0<\/p>\n<p><strong>Data Collection: <\/strong>Data of Deepak Nitrite and Nifty 50 was downloaded from 01\/06\/23 to 31\/05\/24 taken from NSE, then data is manipulated to get Friday closing prices.<\/p>\n<p>Weekly returns of Nifty 50 were taken as X and weekly return of Deepak Nitrite is taken as Y, then weekly returns of both were calculated, Weekly return of Deepak Nitrite was regressed on weekly returns of Nifty 50.<\/p>\n<p>\u00a0<\/p>\n<p><strong>Data Analysis: <\/strong><\/p>\n<p>Regression Equation = -0.085+0.03<\/p>\n<p>N= 49<\/p>\n<p>R<sup>2<\/sup> = 0.017<\/p>\n<p>F = 0.83<\/p>\n<p>P-value = 0.36<\/p>\n<p>\u00a0<\/p>\n<p><strong>Interpretation:<\/strong> The above equation shows the relationship between weekly return of RVNL and weekly return of Nifty50. The + sign before the coefficient of Nifty50 tells that if Nifty50 rises your company will also rise and vice versa .If Nifty50 rises by 1 unit ,company will rise by 0.90 unit.<\/p>\n<p>\u00a0 0.91(T stat per \u03b2) P value of which is 0.36 which is less than 0.5 meaning \u03b2 is statistically significant at 5 % level.<\/p>\n<p>\u00a0R^2 = 0.17 meaning 17% of companies return is explained by Nifty50, the remaining 83% is fundamental F is 0.82 and P Value is 0.188 that means<strong> DATA IS STATISTICALLY SIGNIFICANT<\/strong><\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<p><strong>Conclusion:<\/strong> 1) If \u03b2 is more than 1 and Nifty50 is at low, invest for short term<\/p>\n<p>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 2)\u00a0 If \u03b2 is less than 1 and Nifty50 at high, invest for long run.<\/p>\n<p>\u00a0 3) If \u03b2 is negative, avoid it.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0Title: Relationship of Deepak Nitrite Ltd. with Nifty 50 \u00a0 Author: Dushyant Mundra \u00a0 Introduction: Deepak Nitrite is a leading chemical manufacturing company in India, specializing in organic, inorganic, and fine chemicals used across various industries like pharmaceuticals, agrochemicals, and dyes. The company has a strong global presence, offering a wide range of industrial and&hellip; <a class=\"more-link\" href=\"http:\/\/www.sachdevajk.in\/?p=21479\">Continue reading <span class=\"screen-reader-text\">Relationship of Deepak Nitrite Ltd. with Nifty 50<\/span><\/a><\/p>\n","protected":false},"author":139470,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-21479","post","type-post","status-publish","format-standard","hentry","category-management","entry"],"_links":{"self":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21479","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\/139470"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21479"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21479\/revisions"}],"predecessor-version":[{"id":21480,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21479\/revisions\/21480"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21479"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}