{"id":21606,"date":"2024-10-09T18:28:07","date_gmt":"2024-10-09T12:58:07","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=21606"},"modified":"2024-10-09T18:28:13","modified_gmt":"2024-10-09T12:58:13","slug":"piramal-pharma-ltd-with-nifty-50","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=21606","title":{"rendered":": PIRAMAL PHARMA LTD WITH NIFTY 50"},"content":{"rendered":"<p>Title: <strong>PIRAMAL PHARMA LTD WITH NIFTY 50<\/strong><\/p>\n<p>Author: <strong>PRANJAL BYAWAT<\/strong><\/p>\n<p>Introduction: <strong>Piramal Pharma Limited (PPL)<\/strong> offers a portfolio of differentiated products and services through its 17 global development and manufacturing facilities and a global distribution network in over 100 countries. Piramal Pharma Limited includes Piramal Pharma Solutions (PPS), an integrated Contract Development and Manufacturing Organization, Piramal Critical Care (PCC), a Complex Hospital Generics business; and the India Consumer Healthcare business, selling over-the-counter products.<\/p>\n<p>Objective: To find out Beta of <strong>Piramal Pharma Limited (PPL)<\/strong> \u00a0and its significant.<\/p>\n<p>Data Collection: Data for Nifty 50 and <strong>PIRAMAL PHARMA LTD<\/strong> was downloaded from NSE site for the period 01<sup>st<\/sup> April 2023 to 31<sup>st<\/sup> March 2024. Data was manipulated to get Friday closing prices and weekly returns were calculated by the formula: (Yt-1 &#8211; Yt) \/ Yt*100 weekly returns of \u00a0<strong>PIRAMAL PHARMA LTD <\/strong>was regressed on weekly returns of Nifty 50.<\/p>\n<p>Data Analysis: Weekly return of \u00a0<strong>PIRAMAL PHARMA LTD <\/strong>= -0.93+ (-0.57)<\/p>\n<p>N = 45, R2 = 0.0185, t stat = (-1.0828), F = 0.8330, P-value = 0.2847<\/p>\n<p>The above equation shows the relationship between Niffty50 &amp; <strong>Piramal Pharma Limited (PPL)<\/strong>. The positive sign before 0.83 means if Nifty decrease of \u00a0<strong>PIRAMAL PHARMA LTD <\/strong>raises &amp; vice versa. The Coefficient of Nifty50 has t stat = (-1.082) &amp; the P value of which is 0.2847 meaning Nifty50 is not statistically significant. To increase the prices of of \u00a0<strong>PIRAMAL PHARMA LTD<\/strong>, R2 is 0.0185 meaning 1.85% of <strong>Piramal Pharma Limited (PPL)<\/strong> prices are explained by Nifty50. 85% dependents upon other factors like fundamentals are other factors. F is 0.8645 &amp; the P value of this is 0.2847 meaning it is less than 0.05 meaning the overall model is \u00a0statistically significant.<\/p>\n<p><strong>Conclusion:<\/strong><\/p>\n<p>-0.57 \u00a0coefficient is negative , so <strong>Piramal Pharma Limited (PPL)<\/strong> is not \u00a0good for long term investment.<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Title: PIRAMAL PHARMA LTD WITH NIFTY 50 Author: PRANJAL BYAWAT Introduction: Piramal Pharma Limited (PPL) offers a portfolio of differentiated products and services through its 17 global development and manufacturing facilities and a global distribution network in over 100 countries. Piramal Pharma Limited includes Piramal Pharma Solutions (PPS), an integrated Contract Development and Manufacturing Organization,&hellip; <a class=\"more-link\" href=\"http:\/\/www.sachdevajk.in\/?p=21606\">Continue reading <span class=\"screen-reader-text\">: PIRAMAL PHARMA LTD WITH NIFTY 50<\/span><\/a><\/p>\n","protected":false},"author":139617,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[],"class_list":["post-21606","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\/21606","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\/139617"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21606"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21606\/revisions"}],"predecessor-version":[{"id":21607,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21606\/revisions\/21607"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21606"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21606"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21606"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}