{"id":23132,"date":"2025-12-20T00:00:23","date_gmt":"2025-12-19T18:30:23","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=23132"},"modified":"2025-12-20T00:00:23","modified_gmt":"2025-12-19T18:30:23","slug":"relationship-of-nifty-50-with-s-p-apparels","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=23132","title":{"rendered":"Relationship of Nifty 50 with S P Apparels"},"content":{"rendered":"

About S P Apparels\u00a0 <\/span><\/span><\/h1>\n

SP Apparels Ltd (SPAL) is a leading Indian manufacturer and exporter of knitted garments, especially known for producing infant and children\u2019s wear on a global scale. The company has been operating since 1989 and is headquartered near Tirupur, Tamil Nadu, which is a major textile and garment hub in India.<\/span><\/p>\n

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

To calculate the beta of S P Apparels\u00a0 <\/span>\u00a0<\/span>company and observe its significance.<\/span><\/p>\n

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

The historical data of S P Apparels \u00a0<\/span>company 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

Literature Review<\/span><\/h1>\n

SP Apparels has shown consistent growth in revenue and profits over the years, reflecting strong operational performance. The company also maintains a healthy financial position, indicating robust business fundamentals.<\/span><\/p>\n

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

The intercept = a = <\/span>15220.63809<\/span><\/p>\n

Coeffecient = -bx = <\/span>14.3781x<\/span><\/p>\n

a + bx = <\/span>15220.63809+<\/span> 14.3781x<\/span><\/p>\n

The equation shows the relationship between the NIFTY 50 and the equity of SP Apparels. The positive value indicates a direct relationship between them. When the equity price of SP Apparels increases, the NIFTY 50 also rises. A 1-unit increase in the equity leads to about a 14.38-unit increase in the NIFTY 50. Overall, SP Apparels\u2019 equity moves in the same direction as the market.<\/span><\/p>\n

t-stat for beta is <\/span>4.1696, p value of which is 0.001334 is more than 0.001334, rather beta is statistically significant at 1% level. R2 is 0.5237, which means 52.37% of the SP Apparels is explained by nifty 50. 47.89% is the error due to the other variable which are not in the model. F is 17.38 and the p value is 0.0001334, the overall model is statistically significant. <\/span><\/p>\n

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

R2 = 0.5221<\/span><\/p>\n

F \u2013 value = 17.3853<\/span><\/p>\n

P value significance = 0.0001334<\/span><\/p>\n

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

R. Sharma, P. Gupta (2025) Financial Performance of SP Apparels Ltd: Revenue and Profit Analysis, International Journal of Textile & Apparel Studies, Vol. 7 No. 1 (2025). <\/span>https:\/\/www.marketsmojo.com\/news\/stocks-in-action\/how-has-been-the-historical-performance-of-sp-apparels-3695447<\/span><\/a><\/p>\n

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

Since is 14.3781, it means the stock is extremely volatile compared to the NIFTY 50. A small change in the market can cause a very large change in the stock price. Such a stock carries high risk and can fall sharply during market downturns. It may give high returns in a rising market but is unstable in the long run. Therefore, it is not suitable for conservative long-term investors and is better suited for high-risk or short-term investors.<\/span><\/p>\n

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

About S P Apparels\u00a0 SP Apparels Ltd (SPAL) is a leading Indian manufacturer and exporter of knitted garments, especially known for producing infant and children\u2019s wear on a global scale. The company has been operating since 1989 and is headquartered near Tirupur, Tamil Nadu, which is a major textile and garment hub in India. Objectives… Continue reading Relationship of Nifty 50 with S P Apparels<\/span><\/a><\/p>\n","protected":false},"author":139940,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-23132","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\/23132","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\/139940"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23132"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/23132\/revisions"}],"predecessor-version":[{"id":23133,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/23132\/revisions\/23133"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23132"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}