Author: Sharmila Kularia<\/p>\n
Batch F3<\/p>\n
\u00a0<\/p>\n
Introduction:<\/p>\n
Steel Authority of India Limited<\/strong>\u00a0(SAIL<\/strong>) is an Indian\u00a0public sector<\/a>\u00a0steel manufacturing corporation based in\u00a0New Delhi<\/a>. It is the largest\u00a0government<\/a>-owned steel producer,\u00a0with an annual production of 18.29 million metric tons.\u00a0Incorporated on 24 January 1973, SAIL has 54,431 employees and is under the administrative control of the\u00a0Ministry of Steel<\/a>.<\/p>\n Objective:<\/p>\n To find out \u03b2 (beta) of Steel Authority of India LTD and its significance with respect to Nifty 50.<\/p>\n \u00a0<\/p>\n Data Collection:<\/p>\n Friday closing prices found out for Steel Authority of India LTD and Nifty 50. Weekly returns were calculated by the formula (Y t-1 \u2013 Yt) \/ Yt * 100 .<\/p>\n Weekly returns of Nifty 50 was termed as \u201cX\u201d .<\/p>\n Weekly returns of Steel Authority of India LTD was termed as \u201cY\u201d.<\/p>\n \u00a0<\/p>\n Data Analysis:<\/p>\n Regression Equation:<\/p>\n \u00a0Weekly returns of Steel Authority of India LTD. + Weekly returns of Nifty 50\u00a0<\/p>\n \u00a0 = 0.66 + 0.87<\/p>\n T stat = 0.42<\/p>\n N = 49<\/p>\n R2 = 0.059<\/p>\n F = 3.085<\/p>\n P value = 0.047<\/p>\n The above equation shows the relationship between weekly returns of Nifty 50 and weekly returns of Steel Authority of India LTD. The positive sign before the coefficient of Nifty 50 tells us that there is a positive relationship. If Nifty rises by 1 unit Steel Authority of India LTD will rise by 0.90 and vice a versa.\u00a0\u00a0<\/p>\n R square is 0.059 which means 5.9% of\u00a0 Steel Authority of India LTD returns are explained by Nifty 50. F=3.085 and P value =0.047 which is less than 0.05 meaning overall model is statistically significant at 5% level.<\/p>\n Conclusion:<\/p>\n \u0392 is negative it means one should avoid doing investment in this stock.<\/p>\n","protected":false},"excerpt":{"rendered":" Author: Sharmila Kularia Batch F3 \u00a0 Introduction: Steel Authority of India Limited\u00a0(SAIL) is an Indian\u00a0public sector\u00a0steel manufacturing corporation based in\u00a0New Delhi. It is the largest\u00a0government-owned steel producer,\u00a0with an annual production of 18.29 million metric tons.\u00a0Incorporated on 24 January 1973, SAIL has 54,431 employees and is under the administrative control of the\u00a0Ministry of Steel. Objective: To… Continue reading Relationship of Steel Authority of India LTD with Nifty 50<\/span><\/a><\/p>\n","protected":false},"author":139588,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[],"class_list":["post-21538","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\/21538","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\/139588"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21538"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21538\/revisions"}],"predecessor-version":[{"id":21539,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21538\/revisions\/21539"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21538"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21538"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}