{"id":21641,"date":"2024-10-13T07:11:02","date_gmt":"2024-10-13T01:41:02","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=21641"},"modified":"2024-10-13T07:11:02","modified_gmt":"2024-10-13T01:41:02","slug":"relationship-of-ambuja-cement-ltd-with-nifty-50","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=21641","title":{"rendered":"Relationship of Ambuja Cement LTD with Nifty 50"},"content":{"rendered":"<p><strong>Author<\/strong> : Aman pal<\/p>\n<p>F4 2024-26- 021330124041,ITM Business School,<\/p>\n<p>Kharghar, Maharashtra, India<\/p>\n<p><strong>Introduction: <\/strong>Ambuja Cement is a major Indian cement company that was\u00a0founded in 1983 by Narotam Sekhsaria and Suresh Neotia.\u00a0The company is known for its high-quality, high-strength Ordinary Portland Cement (OPC) and Pozzolana Portland Cement (PPC) Ambuja Cement has developed technology to produce consistent quality cement from a variety of raw materials<\/p>\n<p><strong>Objective :<\/strong> To find out the Beta of Ambuja cement LTD and its significance with respect to Nifty 50.<\/p>\n<p><strong>Data Collection :<\/strong> The data for Nifty 50 and Ambuja Cement LTD was downloaded from official site of NSE for the period 1<sup>st<\/sup> June 2023 to 31<sup>st<\/sup> May 2024. Data was manipulated to get Friday closing prices and weekly returns of Nifty 50 and Ambuja cement LTD was calculated using the formula (Yt+1 \u2013 Yt) \/ Yt * 100 and then Y was regressed on X. Here Y is Weekly returns of Ambuja Cement LTD and X is weekly returns of Nifty 50.<\/p>\n<p><strong>Data Analysis : <\/strong>Weekly Returns of Ambuja Cement LTD = -0.78+0.20 Weekly Returns of Nifty 50<\/p>\n<p>(-0.579)<\/p>\n<p>N =\u00a0 48<\/p>\n<p>R\u00b2 = 0.005<\/p>\n<p>F = 0.268<\/p>\n<p>P-value = 0.178<\/p>\n<p>t-Stat = -1.366<\/p>\n<p><strong>Interpretation<\/strong> : The above equation shows the relationship between Nifty 50 and Ambuja Cement LTD . The positive sign before the coefficient of weekly returns of Nifty 50 means there is a positive relationship, if Nifty 50 rises by 1 unit then Ambuja Cement LTD also rises by (-0.78) and vice versa. The coefficient of Nifty 50 has t-Stat = (-1.366), the P-value of which is 0.178, which is Greater\u00a0 than 0.05 meaning Beta is not statistically significant at 5% level and N=48, No of observations are 48.\u00a0 R<sup>2<\/sup>\u00a0is 0.005 which means 5% of Weekly returns of Ambuja Cement LTD are explained by Nifty 50.\u00a0 95% depends upon other factors like financial results, market trends and other factors. F is 0.268 &amp; the P value of this is 0.178 meaning it is more than 0.05 meaning the overall model is not statistically significant at 5% level.<\/p>\n<p><strong><u>Conclusion:<\/u><\/strong>\u00a0Beta is negative (-0.78), avoid this investment<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Author : Aman pal F4 2024-26- 021330124041,ITM Business School, Kharghar, Maharashtra, India Introduction: Ambuja Cement is a major Indian cement company that was\u00a0founded in 1983 by Narotam Sekhsaria and Suresh Neotia.\u00a0The company is known for its high-quality, high-strength Ordinary Portland Cement (OPC) and Pozzolana Portland Cement (PPC) Ambuja Cement has developed technology to produce consistent&hellip; <a class=\"more-link\" href=\"http:\/\/www.sachdevajk.in\/?p=21641\">Continue reading <span class=\"screen-reader-text\">Relationship of Ambuja Cement LTD with Nifty 50<\/span><\/a><\/p>\n","protected":false},"author":139627,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[46],"tags":[],"class_list":["post-21641","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\/21641","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\/139627"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21641"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21641\/revisions"}],"predecessor-version":[{"id":21642,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/21641\/revisions\/21642"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21641"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21641"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21641"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}