Name of Author: Satyam Mishra<\/p>\n
\u00a0<\/sup>F1 2024-26\u00a0 \u2013 021330124360, ITM Business School, Kharghar, Maharashtra, India<\/p>\n \u00a0<\/p>\n Introduction<\/strong>: Sonata Software Limited is a leading Modernization engineering company, headquartered in Bangalore. Sonata provides modernization services using its proprietary Platformation approach. It specializes in cloud and data modernization, Microsoft Dynamics Modernization, Digital contact center setup and management, managed cloud services and digital transformation services services.\u00a0 Sonata aims to help businesses accelerate their modernization and digital transformation journeys<\/p>\n Cureent share price of Sonata Software is 574.80<\/p>\n \u00a0(date-8\/10\/2024.13:03)<\/p>\n Objective: Findout the Beta of Sonata Software and its significance<\/p>\n Data Collection<\/strong>: Data of Sonata Software and Nifty50 was downloaded from 01\/05\/2023 to 30\/04\/2024 through NSE, data is manipulated to get Friday closing prices.Weekly return of Nifty50 is taken as \u2018X\u2019 and Sonata Software as \u2019Y\u2019.Weekly return of Sonata Software was regressed on Nifty50.Weekly return calculate by formula (Yt-1-Yt)Yt*100<\/p>\n Data Analysis:<\/strong> The equation was the weekly return of Sonata Software is equal to =0.08+0.97 on weekly return of Nifty50 i.e. (y= 0.08+0.97x)<\/p>\n T-stats=2.68,N=48, R square=0.028, F=7.21, P.value =0.007<\/p>\n Results:<\/strong> The above equation shows the relationship between Nifty50 and weekly returns of Sonata software the positive sign before coefficient of weekly return of Nifty50 means there is a positive relationship if nifty rises Sonata software will also rise and vice-versa. IF Nifty rises\u00a0 by1 unit then Sonata software will rise by 0.97 unit. Figure in bracket is T-stats is Beta fot P.value which is 0.007 which is less than 0.05 meaning Beta is significant at 5 % level.<\/p>\n R square=0.028 meaning 2.8 % of companies return is explained by Nifty50 and the balanced 97.6% may be due to fundamentals .F is 7.21 and P value is 0.007 meaning that overall model is statistically significant.<\/p>\n \u00a0<\/p>\n Conclusion:<\/strong> As Sonata software beta is 0.97 which is less than 1 therefore it\u2019s advisable to invest for long term duration.<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n","protected":false},"excerpt":{"rendered":" Name of Author: Satyam Mishra \u00a0F1 2024-26\u00a0 \u2013 021330124360, ITM Business School, Kharghar, Maharashtra, India \u00a0 Introduction: Sonata Software Limited is a leading Modernization engineering company, headquartered in Bangalore. Sonata provides modernization services using its proprietary Platformation approach. It specializes in cloud and data modernization, Microsoft Dynamics Modernization, Digital contact center setup and management, managed… Continue reading Relationship between Sonata Software and Nifty50<\/span><\/a><\/p>\n","protected":false},"author":139462,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-21612","post","type-post","status-publish","format-standard","hentry","category-management","entry"],"_links":{"self":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21612","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\/139462"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21612"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21612\/revisions"}],"predecessor-version":[{"id":21613,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21612\/revisions\/21613"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21612"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}