{"id":21620,"date":"2024-10-10T00:11:10","date_gmt":"2024-10-09T18:41:10","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=21620"},"modified":"2024-10-10T00:11:13","modified_gmt":"2024-10-09T18:41:13","slug":"relation-of-paytm-with-nifty50","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=21620","title":{"rendered":"Relation of Paytm with Nifty50"},"content":{"rendered":"

1.TITLE <\/u><\/strong>-:<\/strong> RELATION OF PAYTM WITH NIFTY50<\/p>\n

2.AUTHOR <\/u><\/strong>-: <\/strong>Pratiksha Gandhi<\/p>\n

3.INTRODUCTION<\/u><\/strong> -: <\/strong>Paytm (Pay Through Mobile) is an Indian digital payment and financial services platform founded in 2010 by Vijay Shekhar Sharma. It began as a mobile recharge and utility bill payments app and has since expanded into various services, including e-commerce, financial services, UPI, and Paytm Wallet. It is widely used for mobile payments, online transactions, and financial services like savings accounts, insurance, and mutual funds. Paytm played a crucial role in popularizing digital payments in India, especially after the 2016 demonetization, and has grown to become one of the country’s leading fintech companies.<\/p>\n

4.OBJECTIVE<\/u><\/strong> -: \u00a0<\/strong>To find out Beta of Paytm & its significance<\/p>\n

Data Collection -: The data of nifty50 & PAYTM company was download from the NSE website from 1-06-2023 to 31-05-2024. Data was manipulated to find the Friday closing price & weekly return was calculated by the formula. weekly data of nifty50 termed as X , weekly data of PAYTM termed as Y and find regression of Y on X weekly return = (y3-y2)\/y2*100<\/p>\n

5.Data\u00a0 Analysis -:<\/strong><\/p>\n

\u00a0Weekly return of PAYTM = -0.58+(-0.75) Weekly return of nifty50<\/p>\n

T Stats<\/strong>= -0.74, N<\/strong> =49, R(square)<\/strong>=0.01, F<\/strong>=0.57,<\/p>\n

P Value<\/strong> = 0.45<\/p>\n

INTERPRETATION <\/u><\/strong>-:<\/u><\/strong> The analysis of Paytm’s weekly returns in relation to the Nifty50 reveals a weak and statistically insignificant relationship. The regression equation suggests a negative association, where for every 1% increase in the Nifty50’s weekly return, Paytm’s return is expected to decrease by 0.75%. However, the low t-statistic of -0.74, coupled with a p-value of 0.45, indicates that this relationship is not statistically significant. Additionally, the R-squared value of 0.01 shows that only 1% of the variability in Paytm’s returns is explained by Nifty50, suggesting that Nifty50 is not a strong predictor of Paytm’s performance. The F-statistic of 0.57 further confirms that the overall model does not provide significant explanatory power.P-value(0.45) is less than 0.5 which \u00a0meaning beta is statistically significant for 5% level.<\/p>\n

6.CONCLUSION -: <\/u><\/strong>Beta is -0.75 then avoid the investment.<\/p>\n","protected":false},"excerpt":{"rendered":"

1.TITLE -: RELATION OF PAYTM WITH NIFTY50 2.AUTHOR -: Pratiksha Gandhi 3.INTRODUCTION -: Paytm (Pay Through Mobile) is an Indian digital payment and financial services platform founded in 2010 by Vijay Shekhar Sharma. It began as a mobile recharge and utility bill payments app and has since expanded into various services, including e-commerce, financial services,… Continue reading Relation of Paytm with Nifty50<\/span><\/a><\/p>\n","protected":false},"author":139479,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[],"class_list":["post-21620","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\/21620","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\/139479"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21620"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21620\/revisions"}],"predecessor-version":[{"id":21621,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21620\/revisions\/21621"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21620"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21620"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21620"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}