{"id":22693,"date":"2025-03-25T00:03:04","date_gmt":"2025-03-24T18:33:04","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=22693"},"modified":"2025-03-25T00:03:04","modified_gmt":"2025-03-24T18:33:04","slug":"relation-of-shipping-corporation-of-india-with-nifty50","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=22693","title":{"rendered":"Relation of Shipping Corporation of India with Nifty50"},"content":{"rendered":"

Title: Relation of Shipping Corporation of India with Nifty50<\/span><\/b><\/p>\n

Author: Shubham Murmure<\/span><\/p>\n

Introduction:<\/span><\/b><\/p>\n

Shipping Corporation of India (SCI) is a public sector enterprise under the Ministry of Ports, Shipping & Waterways, Government of India. Established in 1961, SCI is India\u2019s largest shipping company, engaged in transporting crude oil, petroleum products, bulk cargo, and containerized goods. It plays a crucial role in India’s maritime trade, supporting economic growth by ensuring smooth logistics and connectivity in international and domestic waters. SCI operates a diversified fleet, including tankers, bulk carriers, and container ships, and is integral to India\u2019s energy and trade security.<\/span><\/p>\n

Objective:<\/span><\/b><\/p>\n

To find out the Beta of Shipping Corporation of India and it\u2019s significance <\/span><\/p>\n

Literature Review:<\/span><\/b><\/p>\n

Young-Tae (2017) stated that the study examines why shipping firms adopt Green Shipping Practices (GSP) and how these practices impact their environmental and productivity performance. The key motivations for adopting GSP include industrial norms, customer demand, and company strategy, while government regulations were found to have little influence. The findings confirm that adopting GSP improves both environmental and productivity performance, making it beneficial for shipping firms.<\/span><\/p>\n

Zhihang (2024) presents that the report explores the electrification of ship power systems as a solution to reduce greenhouse gas emissions in the shipping industry. It reviews battery technologies, economic feasibility, and emission-reduction capabilities of electric ships. The study finds that lithium-ion batteries are currently the most viable for marine use, especially for short-to-medium-range vessels, which are already more cost-effective than traditional diesel ships. As battery costs decline and energy density improves, ship electrification is expected to expand, helping achieve zero-emission shipping.<\/span><\/p>\n

Data Collection:<\/span><\/b><\/p>\n

Shipping Corporation of India and Nifty50 data was download for period 1-1-24 to 31-12-24 and data was manipulated to find out the Friday closing prices were calculated of Nifty50 = X and Shipping Corporation of India = Y, Y was regression on X<\/span><\/p>\n

Data Analysis:<\/span><\/b><\/p>\n

Equation: Shipping Corporation of India = 0.0106 + 0.3119 Nifty50<\/span><\/p>\n

Interpretation: The regression equation describes the relationship between Nifty50 (X) and Shipping Corporation of India share price (Y), indicating that Shipping Corporation of India share price is the dependent variable, and Nifty50 is the independent variable. The positive coefficient of 0.3119 suggests that for every one-unit increase in Nifty50, Shipping Corporation of India share price is expected to increase by 0.3119 units. With 47 observations (N=47), the model\u2019s R-squared value: 0.0020, implying that approximately 0.2% of the variation in Shipping Corporation of India share price can be explained by changes in Nifty50, leaving 99.8% of the variation attributable to other factors not include in the model. The p-value for the slope is 0.7644, which is greater than the conventional threshold of 0.05, indicating that the relationship between Nifty50 and Shipping Corporation of India share price is not statistically significant at the 5% level. Consequently, this model does not provide strong evidence to suggest a significant linear relationship between Nifty50 and Shipping Corporation of India share price.<\/span><\/p>\n

Conclusion:<\/span><\/b><\/p>\n

Shipping Corporation of India beta of 0.3119 indicates that it is less volatile than the market and better suited for long-term investment.<\/span><\/p>\n

Reference:<\/span><\/b><\/p>\n

Young-Tae Chang & Denise Danao, 2017. “<\/span>Green Shipping Practices of Shipping Firms<\/span><\/a>,”\u00a0<\/span>Sustainability<\/span><\/a>, MDPI, vol. 9(5), pages 1-23, May.<\/span><\/p>\n

Zhihang Bei & Juan Wang & Yalun Li & Hewu Wang & Minghai Li & Feng Qian & Wenqiang Xu, 2024. “<\/span>Challenges and Solutions of Ship Power System Electrification<\/span><\/a>,”\u00a0<\/span>Energies<\/span><\/a>, MDPI, vol. 17(13), pages 1-25, July.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Title: Relation of Shipping Corporation of India with Nifty50 Author: Shubham Murmure Introduction: Shipping Corporation of India (SCI) is a public sector enterprise under the Ministry of Ports, Shipping & Waterways, Government of India. Established in 1961, SCI is India\u2019s largest shipping company, engaged in transporting crude oil, petroleum products, bulk cargo, and containerized goods.… Continue reading Relation of Shipping Corporation of India with Nifty50<\/span><\/a><\/p>\n","protected":false},"author":139795,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-22693","post","type-post","status-publish","format-standard","hentry","category-uncategorized","entry"],"_links":{"self":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/22693","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\/139795"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22693"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/22693\/revisions"}],"predecessor-version":[{"id":22694,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/22693\/revisions\/22694"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22693"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22693"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22693"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}