TITLE: RELATIONSHIP OF JK Cement Ltd WITH NIFTY50<\/p>\n
\u00a0<\/strong><\/p>\n AUTHOR<\/u><\/em><\/strong>: Janhavi Wanare<\/strong><\/p>\n \u00a0<\/u><\/strong><\/p>\n INTRODUCTION<\/u><\/strong>: \u00a0JK Cement Ltd<\/p>\n JK Cement Ltd. is a prominent Indian manufacturer of Grey and White Cement, established in 1975 with its first plant in Nimbahera, Rajasthan. The company boasts a Grey Cement capacity of 24 MnTPA, ranking among India’s top producers. It is also a leading global manufacturer of White Cement, with a capacity of 1.20 MnTPA and wall putty capacity of 1.2 MnTPA. JK White Cement is sold in 43 countries, supported by international subsidiaries in Fujairah and Africa.<\/p>\n As per the market data, JK Cement Ltd\u2019s stock trades on the NSE and BSE, with share prices fluctuating around \u20b94 ,743.80-4,801.00, reflecting its steady performance in the industry.<\/p>\n \u00a0<\/u><\/strong><\/p>\n Object:<\/u><\/strong> To find out the beta (\u03b2) of JK Cement Ltd and its significance.<\/p>\n \u00a0<\/p>\n Data Collection:<\/u><\/strong> The data was collected by taking the weekly return of NSE (National Stock Exchange) , NIFTY50 and JK Cement Ltd of dated time period of 1 year from 1st<\/sup>\u00a0 May 2023 to 30th<\/sup> April 2024 with the help of the\u00a0NSE \u00a0site. Friday’s closing price and weekly return were calculated by formula.<\/p>\n Y(t+1) \u2013 Yt \/ Yt * 100<\/p>\n The weekly return of Nifty was taken as (X) in terms of company (JK Cement Ltd) as Y is taken. Y was regressed on X.<\/p>\n \u00a0<\/p>\n Data analysis:<\/u><\/strong> Regression equation; Y (Intercept)= JK Cement Ltd + NIFTY 50 (weekly return of nifty)<\/p>\n Relationship of Nifty 50 and JK Cement Ltd = \u00a00.54+ 0.22+ 0.98{t-stat})<\/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 N = 48, = 0.027, F = 1.29, P(VALUE)= 0.33<\/p>\n The above equation shows the relationship between Nifty 50 and Voltas Ltd, positive sign before the co-efficient of Nifty 50 tells us that there is a positive relationship. If Nifty rise by 1unit, Company will rise by 0.22 and vice versa.<\/p>\n As the co-efficient of t stats as (0.98) for beta, the p value for which is 0.33 which is greater than 0.05, meaning beta is not statistically significant.<\/p>\n N=48, R^2=0.027 which means 27% of Voltas Ltd are explained by Nifty 50. Other (73%) are variable not explained in model.<\/p>\n f= 1.29 and p value for that variable is 0.33, which is more than 0.05 meaning overall model is not statistically significant at 5% level.<\/p>\n \u00a0<\/p>\n Conclusion<\/u><\/strong>: According to the analysis of Voltas Ltd’s Relationship with NIFTY 50, a beta value of < 1 indicates that the company exhibits lower volatility compared to the market. This characteristic suggests that Voltas Ltd may be a favorable option for long-term investment, as it tends to be more stable during market fluctuations. An investment in Voltas Ltd is beneficial from a risk-return perspective.<\/p>\n","protected":false},"excerpt":{"rendered":" TITLE: RELATIONSHIP OF JK Cement Ltd WITH NIFTY50 \u00a0 AUTHOR: Janhavi Wanare \u00a0 INTRODUCTION: \u00a0JK Cement Ltd JK Cement Ltd. is a prominent Indian manufacturer of Grey and White Cement, established in 1975 with its first plant in Nimbahera, Rajasthan. The company boasts a Grey Cement capacity of 24 MnTPA, ranking among India’s top producers.… Continue reading RELATIONSHIP OF JK Cement Ltd WITH NIFTY50<\/span><\/a><\/p>\n","protected":false},"author":139586,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[],"class_list":["post-21483","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\/21483","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\/139586"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21483"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21483\/revisions"}],"predecessor-version":[{"id":21484,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21483\/revisions\/21484"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21483"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21483"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21483"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}