{"id":21550,"date":"2024-10-08T22:16:59","date_gmt":"2024-10-08T16:46:59","guid":{"rendered":"https:\/\/www.sachdevajk.in\/?p=21550"},"modified":"2024-10-08T22:17:03","modified_gmt":"2024-10-08T16:47:03","slug":"relationship-of-jsw-steel-ltd-with-nifty-50","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=21550","title":{"rendered":"RELATIONSHIP OF JSW STEEL LTD WITH NIFTY 50"},"content":{"rendered":"

Title: RELATIONSHIP OF JSW STEEL LTD WITH NIFTY 50<\/strong><\/p>\n

Author: JYOTI RANJAN SAHOO<\/strong><\/p>\n

Introduction: JSW Steel Limited<\/strong> is one of India’s leading integrated steel manufacturers, headquartered in Mumbai, Maharashtra. Founded in 1982 by Sajjan Jindal the company has grown to become a prominent player in the global steel industry with a strong presence across the entire value chain of steel production from mining and processing iron ore to manufacturing and marketing a diverse range of steel products. JSW Steel’s product portfolio includes flat products, long products, plates, and coils, catering to various industries such as automotive, construction, infrastructure and consumer durables.<\/p>\n

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Some key highlights of JSW Steel Limited include:<\/strong><\/p>\n

– Crude steel production capacity of 27 MTPA (million tonnes per annum)<\/p>\n

– Five state-of-the-art manufacturing facilities across India located in Vijayanagar, Dolvi, Salem, Vasind and Tarapur<\/p>\n

– Revenue of \u20b92,42,684 crore and net profit of \u20b97,555 crore in FY 2022<\/p>\n

– Market capitalization of approximately \u20b91,50,000 crore<\/p>\n

– Awards and recognitions for quality, sustainability and innovation, including ‘World’s Most Competitive Steel Producer’ by World Steel Dynamics<\/p>\n

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JSW Steel has also made significant strides in sustainability and corporate social responsibility (CSR), focusing on:<\/p>\n

– Environmental stewardship through energy-efficient practices and renewable energy sources<\/p>\n

– Community development initiatives in education, healthcare, and skill development<\/p>\n

– Innovative research and development to reduce carbon footprint and improve product quality<\/p>\n

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Objective: To find out Beta of JSW Steel Limited<\/strong> and its significant.<\/p>\n

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Data Collection: Data for Nifty 50 and JSW Steel Limited<\/strong> was downloaded from NSE website for the period 01st<\/sup> April 2023 to 31st<\/sup> March 2024. Data was manipulated to get Friday closing prices and weekly returns were calculated by the formula: (Yt-1 – Yt) \/ Yt*100 weekly returns of JSW Steel Limited<\/strong> was regressed on weekly returns of Nifty 50.<\/p>\n

Data Analysis: Weekly return of JSW Steel Limited<\/strong> = -0.59 + (0.46)<\/p>\n

N = 46, R2 = 0.0405, t stat = (1.3632), F = 1.8584, P-value = 0.1797<\/p>\n

The above equation shows the relationship between Niffty50 & JSW Steel Limited<\/strong>. The positive sign before 0.46 means if Nifty decrease JSW Steel Limited<\/strong> raises & vice versa. The Coefficient of Nifty50 has t stat = (1.3632) & the P value of which is 0.1797 meaning Nifty50 is not statistically significant. To increase the prices of JSW Steel Limited<\/strong>, R2 is 0.0405 meaning 4.05% of JSW Steel Limited<\/strong> prices are explained by Nifty50. 95.95% dependents upon other factors like fundamentals are other factors. F is 1.8584 & the P value of this is 0.1797 meaning it is more than 0.05 meaning the overall model is not statistically significant.<\/p>\n

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Conclusion:<\/strong><\/p>\n

0.4643 coefficient is positive, so JSW Steel Limited<\/strong> is good for long term investment.<\/p>\n

\u00a0<\/p>\n

\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Title: RELATIONSHIP OF JSW STEEL LTD WITH NIFTY 50 Author: JYOTI RANJAN SAHOO Introduction: JSW Steel Limited is one of India’s leading integrated steel manufacturers, headquartered in Mumbai, Maharashtra. Founded in 1982 by Sajjan Jindal the company has grown to become a prominent player in the global steel industry with a strong presence across the… Continue reading RELATIONSHIP OF JSW STEEL LTD WITH NIFTY 50<\/span><\/a><\/p>\n","protected":false},"author":139604,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[],"class_list":["post-21550","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\/21550","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\/139604"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21550"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21550\/revisions"}],"predecessor-version":[{"id":21551,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21550\/revisions\/21551"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21550"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21550"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21550"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}