{"id":23045,"date":"2025-12-19T16:15:10","date_gmt":"2025-12-19T10:45:10","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=23045"},"modified":"2025-12-19T16:15:10","modified_gmt":"2025-12-19T10:45:10","slug":"nifty-50-relationship-with-adani-green-energy-ltd","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=23045","title":{"rendered":"Nifty 50 Relationship with Adani Green Energy Ltd"},"content":{"rendered":"

Relationship of Nifty 50 with <\/span>About Adani Green Energy Ltd (AGEL)<\/span><\/h1>\n

By Akash singh<\/span><\/p>\n

\u00a0<\/span><\/p>\n

About Adani Green Energy Ltd (AGEL)<\/span><\/h1>\n

Adani Green Energy Ltd (AGEL) is one of India\u2019s largest renewable energy companies, focused on generating power through solar and wind projects. Part of the Adani Group, it develops, owns, and operates utility-scale renewable energy plants across multiple states. The company has one of the world\u2019s largest renewable project pipelines and aims to help India transition toward clean and sustainable energy. AGEL\u2019s long-term power purchase agreements ensure stable revenue while supporting national goals for reducing carbon emissions. Overall, it plays a major role in advancing India\u2019s shift to green energy.<\/span><\/p>\n

Objectives of this study<\/span><\/h1>\n

To calculate the beta of Adani Green Energy ltd and observe its significance.<\/span><\/p>\n

\u00a0<\/span><\/p>\n

Data collection<\/span><\/h1>\n

The historical data of Adani Green Energy ltd and nifty 50 index data was downloaded from the website from the period 1\/12\/24 to 30\/11\/25. The data was manipulated to get Friday closing prices.<\/span><\/p>\n

\u00a0<\/span><\/p>\n

Data analysis<\/span><\/h1>\n

The intercept = a = <\/span>-207.62567<\/span><\/p>\n

Coeffecient = -bx = <\/span>0.04505174<\/span><\/p>\n

a + bx = -207.62567+0.04505174x<\/span><\/p>\n

The above equation tells us the relationship between nifty 50 and equity of Adani Green Energy ltd, positive sign means if equity of Nifty 50 rises by 1 unit then Adani Green Energy ltd will rise by 0.04505 units.<\/span><\/p>\n

t-stat for beta is<\/span> 4.78185888<\/span>, p value of which is 1.82\/100000 \u00a0is less than 1% , which means beta coefficient is statistically significant at the 1% level. This confirms that the relationship between Nifty %0 and Adani green Energy Ltd is statistically reliable.<\/span> R\u00b2 = 0.332 Approximately 33.2% of the variation in Adani green Energy Ltd is explained by movements in the Nifty 50, while the remaining 66.8% is explained by other firm-specific and macroeconomic factors.<\/span> F-value = 22.87 Significance F = 1.82 \u00d7 10<\/span>\u207b<\/span>\u2075 .Since the Significance F value is less than 0.01, the overall regression model is statistically significant.<\/span> The regression analysis shows a positive and statistically significant relationship between Nifty 50 and Adani green Energy Ltd. The beta value of 0.045 indicates that Adani green Energy Ltd is significantly less volatile than the market, making it suitable for risk-averse and long-term investors. Although the market explains 33.2% of stock movement, a substantial portion is influenced by company-specific factors<\/span><\/p>\n

\u00a0<\/span><\/p>\n

No of observations = 48<\/span><\/p>\n\n\n\n
\n

R2=<\/span>0.33203782<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

F \u2013 value = <\/span>22.8661743<\/span><\/p>\n

P value significance = <\/span>1.8207E-05<\/span><\/p>\n

\u00a0<\/span><\/p>\n

\u00a0<\/span><\/p>\n

\u00a0<\/span><\/p>\n

References<\/span><\/p>\n

Adani Green Energy Limited (2024) Annual Report<\/em>. Ahmedabad: Adani Group. Available at: https:\/\/www.adanigreenenergy.com<\/p>\n

\u00a0<\/span><\/p>\n

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

The regression results show a statistically significant positive relationship between the equity of Muthoot Finance and the Nifty 50. Although the model explains a moderate portion of variation (33.2%), it is reliable overall, indicating that changes in Muthoot Finance equity have a meaningful impact on the Nifty 50.<\/p>\n

\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Relationship of Nifty 50 with About Adani Green Energy Ltd (AGEL) By Akash singh \u00a0 About Adani Green Energy Ltd (AGEL) Adani Green Energy Ltd (AGEL) is one of India\u2019s largest renewable energy companies, focused on generating power through solar and wind projects. Part of the Adani Group, it develops, owns, and operates utility-scale renewable… Continue reading Nifty 50 Relationship with Adani Green Energy Ltd<\/span><\/a><\/p>\n","protected":false},"author":139904,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-23045","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\/23045","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\/139904"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23045"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/23045\/revisions"}],"predecessor-version":[{"id":23046,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/23045\/revisions\/23046"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23045"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23045"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23045"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}