{"id":23118,"date":"2025-12-19T22:50:14","date_gmt":"2025-12-19T17:20:14","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=23118"},"modified":"2025-12-19T22:50:14","modified_gmt":"2025-12-19T17:20:14","slug":"title-relationship-of-nifty-with-apar-industries-ltd-author-arya-patil-roll-no-021331025076-batch-operations-and-supply-chain-management","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=23118","title":{"rendered":"Title: – Relationship of Nifty with Apar Industries Ltd AUTHOR: – Arya Patil ROLL NO: – 021331025076 BATCH: – Operations and Supply Chain Management"},"content":{"rendered":"

Research Methodology<\/span><\/b><\/p>\n

Report Writing<\/span><\/b><\/p>\n

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Title: – Relationship of Nifty with Apar Industries Ltd<\/span><\/b><\/p>\n

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Prepared By:<\/span>\u00a0 Arya Patil<\/span><\/p>\n

ROLL NO: – 021331025076<\/span><\/p>\n

BATCH: – Operations and Supply Chain Management<\/span><\/p>\n

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INTRODUCTION<\/b><\/p>\n

Apar Industries Limited is a leading Indian manufacturer and supplier of conductors, specialty oils, cables, and polymers, serving power transmission, telecom, renewable energy, and industrial sectors.<\/p>\n

The company has a strong presence in both domestic and international markets and is known for its technological capabilities and diversified product portfolio.<\/p>\n

Given its exposure to infrastructure development and capital markets, analysing the relationship between Apar Industries\u2019 stock returns and broader market movements such as the NIFTY index is important for understanding its market sensitivity.<\/p>\n

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OBJECTIVE<\/b><\/p>\n

\u2022 To calculate the beta (\u03b2) of Apar Industries Ltd.<\/p>\n

\u2022 To examine the impact and significance of NIFTY\u2019s weekly returns on the weekly returns of Apar Industries Ltd.<\/p>\n

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DATA COLLECTION<\/b><\/p>\n

Secondary data has been used for the study.<\/p>\n

Historical weekly closing price data of Apar Industries Ltd. and NIFTY index was collected from publicly available financial sources.<\/p>\n

The study covers 48 weekly observations, and weekly returns were computed based on Friday closing prices.<\/p>\n

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LITERATURE REVIEW<\/b><\/p>\n

Previous studies suggest that stock returns of infrastructure and manufacturing companies are influenced by overall market movements along with firm-specific factors such as operational efficiency, sectoral demand, and macroeconomic conditions.<\/p>\n

Companies with diversified operations often exhibit moderate to high sensitivity to market indices, depending on their exposure to cyclical industries and capital expenditure trends.<\/p>\n

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DATA ANALYSIS<\/b><\/p>\n

Regression Equation:<\/b><\/p>\n

y=1.6727x+0.6297<\/p>\n

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Where:<\/b><\/p>\n

\u2022 \ud835\udc66<\/span><\/p>\n

y = Weekly Return of Apar Industries Ltd.<\/p>\n

\u2022 \ud835\udc65<\/span><\/p>\n

\u00a0<\/span>x = Weekly Return of NIFTY<\/p>\n

The regression equation indicates a positive and moderately strong relationship between NIFTY\u2019s weekly returns and Apar Industries\u2019 weekly returns. A 1% increase in NIFTY\u2019s weekly return leads to an average 1.67% increase in Apar Industries\u2019 weekly return.<\/p>\n

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Number of Observations = 48<\/b><\/p>\n

The analysis is based on 48 weekly observations, which is sufficient for short-term return-based regression analysis.<\/p>\n

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t-stat for \u03b2 = 3.254<\/b><\/p>\n

The t-statistic value is high, indicating that NIFTY returns have a meaningful influence on Apar Industries\u2019 returns.<\/p>\n

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p-value for \u03b2 = 0.0021<\/b><\/p>\n

Since the p-value is less than 0.05 and 0.01, the beta coefficient is statistically significant, confirming that market movements significantly affect Apar Industries\u2019 stock returns.<\/p>\n

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R\u00b2 = 0.1871<\/b><\/p>\n

The R\u00b2 value shows that approximately 18.7% of the variation in Apar Industries\u2019 weekly returns is explained by NIFTY\u2019s weekly returns.<\/p>\n

The remaining 81.3% variation is due to firm-specific, industry-related, and other macroeconomic factors not included in the model.<\/p>\n

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F-statistic = 10.595<\/b><\/p>\n

Significance F = 0.0021<\/b><\/p>\n

Since the Significance F value is less than 0.05, the overall regression model is statistically significant, indicating that the model provides a better fit than a model with no independent variables.<\/p>\n

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CONCLUSION<\/b><\/p>\n

The results indicate that Apar Industries Ltd. has a beta greater than 1, suggesting that the stock is more volatile than the market.<\/p>\n

The positive and statistically significant beta implies that Apar Industries tends to outperform the market during bullish phases but may underperform during market downturns.<\/p>\n

Therefore, the stock may be suitable for investors with higher risk tolerance, particularly during periods of positive market sentiment.<\/p>\n

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REFERENCES<\/b><\/p>\n

\u2022 National Stock Exchange (NSE) historical data<\/p>\n

\u2022 Financial literature on market risk and beta analysis<\/p>\n

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Research Methodology Report Writing \u00a0 \u00a0 Title: – Relationship of Nifty with Apar Industries Ltd \u00a0 \u00a0 \u00a0 \u00a0 Prepared By:\u00a0 Arya Patil ROLL NO: – 021331025076 BATCH: – Operations and Supply Chain Management \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 INTRODUCTION Apar Industries Limited is a leading Indian manufacturer and supplier of conductors, specialty oils,… Continue reading Title: – Relationship of Nifty with Apar Industries Ltd AUTHOR: – Arya Patil ROLL NO: – 021331025076 BATCH: – Operations and Supply Chain Management<\/span><\/a><\/p>\n","protected":false},"author":139928,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-23118","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\/23118","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\/139928"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23118"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/23118\/revisions"}],"predecessor-version":[{"id":23119,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/23118\/revisions\/23119"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23118"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23118"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23118"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}