{"id":21515,"date":"2024-10-08T17:28:44","date_gmt":"2024-10-08T11:58:44","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=21515"},"modified":"2024-10-08T17:28:47","modified_gmt":"2024-10-08T11:58:47","slug":"relationship-of-skf-india-limited-with-nifty50","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=21515","title":{"rendered":"Relationship of SKF India Limited with Nifty50"},"content":{"rendered":"<p><strong><u>Title:<\/u><\/strong> \u00a0Relationship of SKF India Limited with Nifty50.<\/p>\n<p><strong><u>Authors:<\/u><\/strong>\u00a0 Sweety Dhumal<\/p>\n<p><strong><u>Introduction<\/u><\/strong>: SKF India is a leading technology and solutions provider specializing in bearings and services. The company is part of the global SKF Group, which is known for its innovative engineering solutions and high-quality products. SKF India has a reputation for paying regular dividends, which is often seen positively by investors. SKF India&#8217;s stock price has generally shown an upward trend over the years, reflecting its strong market position and consistent growth in revenue and profitability<\/p>\n<p><strong><u>Objective:<\/u><\/strong> To find out beta of SKF India Ltd and its significance.<\/p>\n<p><strong><u>Data collection:<\/u><\/strong> \u00a0Data for Nifty50 and SKF India Ltd. was downloaded from NSE website from the period 1\/4\/2023 to 31\/3\/2024. Data was manipulated to get Friday closing price and weekly returns were calculated by the formula (Yt_1-Yt)\/Yt*100. Weekly returns of SKF India Ltd. were regress on weekly returns of Nifty50.<\/p>\n<p><strong><u>Data analysis:\u00a0 <\/u><\/strong>Weekly Return of SKF India Ltd = 0.20+ (-0.81)<\/p>\n<p>N= 46, R<sup>2<\/sup>= 0.019, t stat= 0.479, F= 0.86, P-Value= 0.36<\/p>\n<p>The above Equation shows the relationship between Nifty50 and SKF India Ltd. The positive sign before the (-0.81) means if Nifty50 rises and SKF India Ltd will also rises and vice versa. The coefficient of Nifty50 has t stat (-0.93) and P-value which is 0.36 it is more than t-stat value. Nifty50 is not statistically significant to increase the price of SKF India Ltd. R<sup>2<\/sup>= 0.019 meaning 1.9% of SKF India Ltd. prices are explained by nifty50. 98.1% depends upon other factors like fundamentals are other factors. F= 0.86 is and the P-value for this 0.36 meaning it is more than 0.5 meaning the overall model is statistically significant.<\/p>\n<p><strong><u>CONCLUSION:\u00a0 <\/u><\/strong>The coefficient is (-0.81) which is negative. Therefore, avoid this for any investment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Title: \u00a0Relationship of SKF India Limited with Nifty50. Authors:\u00a0 Sweety Dhumal Introduction: SKF India is a leading technology and solutions provider specializing in bearings and services. The company is part of the global SKF Group, which is known for its innovative engineering solutions and high-quality products. SKF India has a reputation for paying regular dividends,&hellip; <a class=\"more-link\" href=\"http:\/\/www.sachdevajk.in\/?p=21515\">Continue reading <span class=\"screen-reader-text\">Relationship of SKF India Limited with Nifty50<\/span><\/a><\/p>\n","protected":false},"author":139487,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[2015],"class_list":["post-21515","post","type-post","status-publish","format-standard","hentry","category-management","tag-itmskillsuniversity","entry"],"_links":{"self":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21515","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\/139487"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21515"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21515\/revisions"}],"predecessor-version":[{"id":21516,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21515\/revisions\/21516"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21515"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}