{"id":22713,"date":"2025-03-25T11:45:31","date_gmt":"2025-03-25T06:15:31","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=22713"},"modified":"2025-03-25T11:45:31","modified_gmt":"2025-03-25T06:15:31","slug":"relationship-of-nifty-with-nazara-technologies","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=22713","title":{"rendered":"Relationship of Nifty with Nazara Technologies"},"content":{"rendered":"

Relationship of Nifty wit<\/span><\/span>h\u00a0<\/span><\/span>Nazara<\/span><\/span>\u00a0<\/span><\/span>Technologies<\/span><\/span><\/p>\n

Author Name:<\/span>\u00a0<\/span>Nilesh\u00a0<\/span>Vhotkar<\/span><\/p>\n

Introduction to\u00a0<\/span><\/span>Nazara<\/span><\/span>\u00a0<\/span><\/span>Technologies\u00a0<\/span><\/span><\/p>\n

Nazara Technologies<\/span>\u00a0is a leading global gaming and sports media company based in India. It specializes in mobile gaming, eSports, and interactive entertainment, offering a diverse portfolio of games and platforms. With a focus on emerging markets, Nazara has expanded its reach across several countries, bringing innovative gaming experiences to users worldwide.<\/span><\/p>\n

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

The objective of this study is to determine the beta value of\u00a0<\/span>Nazara Technologies<\/span>\u00a0relative to the Nifty 50 index. Beta measures the stock’s volatility compared to the market. This analysis will help investors assess the risk associated with\u00a0<\/span>Nazara\u2019s\u00a0<\/span>stock and make informed investment decisions.<\/span><\/p>\n

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

Beta and Nifty 50<\/span><\/p>\n

Chaudhuri and Raju (2009)<\/span>\u00a0<\/span>analyzed<\/span>\u00a0the beta estimation for companies listed on the Nifty 50 index. Their study found that higher beta companies are more volatile and respond significantly to market fluctuations, making beta an essential factor in equity valuation and risk management.<\/span><\/p>\n

Reference:<\/span>\u00a0Chaudhuri, S., & Raju, A. (2009). Beta Estimation and its Impact on the Indian Stock Market.\u00a0<\/span>Journal of Financial Risk Management<\/span>, 7(2), 43-58.<\/span><\/p>\n

2. Beta and Equity Returns<\/span><\/p>\n

Jain and Singh (2012)<\/span>\u00a0explored the relationship between beta and equity returns for Nifty 50 companies. They concluded that companies with higher beta generally have higher equity returns in bullish markets, but lower returns in bearish markets, emphasizing beta’s role in stock performance.<\/span><\/p>\n

Reference:<\/span>\u00a0Jain, P., & Singh, S. (2012). The Impact of Beta on Equity Returns: Evidence from Nifty 50 Companies.\u00a0<\/span>Indian Journal of Finance<\/span>, 6(10), 31-45.<\/span><\/p>\n

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

Data for\u00a0<\/span>Nazara Technologies<\/span>\u00a0and Nifty 50 was downloaded for the period from 1st January 2024 to 31st December 2024. The data was manipulated to calculate the Friday closing prices for both indices. The Nifty 50 was represented as X and\u00a0<\/span>Nazara Technologies<\/span>\u00a0as Y. A linear regression analysis was performed where Y was regressed on X.<\/span><\/p>\n

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

The\u00a0<\/span>regression equation is<\/span><\/p>\n

Y = 1.0919 + 0.0033X<\/span><\/p>\n

What This Mea<\/span>ns:<\/span><\/p>\n

1.0919\u00a0<\/span>\u2192<\/span>\u00a0This is the starting value\u00a0<\/span>of \u00a0when<\/span>\u00a0.<\/span><\/p>\n

0.0033\u00a0<\/span>\u2192<\/span>\u00a0For every 1-unit increase\u00a0<\/span>in ,<\/span>\u00a0\u00a0increases by 0.0033.<\/span><\/p>\n

The p-value (0.034) shows\u00a0<\/span>that \u00a0does<\/span>\u00a0affect , but the effect is very small.<\/span><\/p>\n

The model explains only 9.6% of the variation\u00a0<\/span>in ,<\/span>\u00a0meaning other factors influence \u00a0more.<\/span><\/p>\n

The model is statistically valid, but not very useful for predictions.<\/span><\/p>\n

To improve accuracy, we should add more relevant factors.<\/span><\/p>\n

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

Since the Beta (<\/span>1.<\/span>09185<\/span>) is\u00a0<\/span>more<\/span>\u00a0than 1, it indicates that\u00a0<\/span>Nazara Technologies<\/span>\u00a0is\u00a0<\/span>preferrable\u00a0<\/span>for short-term investment<\/span>.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Relationship of Nifty with\u00a0Nazara\u00a0Technologies Author Name:\u00a0Nilesh\u00a0Vhotkar Introduction to\u00a0Nazara\u00a0Technologies\u00a0 Nazara Technologies\u00a0is a leading global gaming and sports media company based in India. It specializes in mobile gaming, eSports, and interactive entertainment, offering a diverse portfolio of games and platforms. With a focus on emerging markets, Nazara has expanded its reach across several countries, bringing innovative gaming… Continue reading Relationship of Nifty with Nazara Technologies<\/span><\/a><\/p>\n","protected":false},"author":139836,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-22713","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\/22713","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\/139836"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22713"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/22713\/revisions"}],"predecessor-version":[{"id":22714,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/22713\/revisions\/22714"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22713"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}