Title \u2013 Relationeship of Kalyani steel Ltd. with nifty50<\/p>\n
Author – Karishma Patel<\/p>\n
Introduction \u2013 Established in 1973, Kalyani steels is a leading manufacturer of forging and engineering quality carbon and alloy steels using the blast furnace route. Share price: As of 7-oct-2024, KSL share price was 808.80 on the NSE and 805.65 on the BSE.<\/p>\n
Objective –\u00a0 \u00a0TO find out beta of Kalyani steel Ltd and its significance<\/p>\n
Data collection \u2013 data was collected from NSE. Data was manipulated to find out the Friday closing price. weekly return was calculated\u00a0 weekly return of Nifty50 was X and Kalyani steel was Y.<\/p>\n
Data analysis \u2013 2639.52 +(-0.11)<\/p>\n
(-8.55959)<\/p>\n
N = 48, R square=0.61, F=73.26, P value = 4.5<\/p>\n
\u00a0<\/p>\n
Intierpretation – The above equation depicts the relationship between weekly returns of Kalyani steel Ltd and weekly returns of NIFTY 50. The plus sign before the coefficient of NIFTY 50 tells that if NIFTY 50 rises, Kalyani steel Ltd will also rise and vice versa. The figure in the bracket is tstat for Beta. If NIFTY 50 rises by 1 unit, Kalyani steel Ltd will rise by -0.11 unit. The figure in the bracket is the\u00a0tstat\u00a0for\u00a0Beta. The p value is 4.5 which is more then -0.11. this means data is not significant. R square 0.61, means 61% of the company return are explailend by nify50. The balance 39% may be due to fandamantal. The overall model is not significant.<\/p>\n
\u00a0Conclusion- beta is -0.11 which is less then1, hence investment should be avoided.<\/p>\n","protected":false},"excerpt":{"rendered":"
Title \u2013 Relationeship of Kalyani steel Ltd. with nifty50 Author – Karishma Patel Introduction \u2013 Established in 1973, Kalyani steels is a leading manufacturer of forging and engineering quality carbon and alloy steels using the blast furnace route. Share price: As of 7-oct-2024, KSL share price was 808.80 on the NSE and 805.65 on the… Continue reading Relationeship of Kalyani steel Ltd. with nifty50<\/span><\/a><\/p>\n","protected":false},"author":139594,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[],"class_list":["post-21520","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\/21520","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\/139594"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21520"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21520\/revisions"}],"predecessor-version":[{"id":21521,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21520\/revisions\/21521"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21520"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}