{"id":23242,"date":"2025-12-20T20:16:42","date_gmt":"2025-12-20T14:46:42","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=23242"},"modified":"2025-12-20T20:16:42","modified_gmt":"2025-12-20T14:46:42","slug":"relation-between-navin-flourine-international-limited-and-nifty-50-index","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=23242","title":{"rendered":"Relation between Navin Flourine International Limited and Nifty 50 Index"},"content":{"rendered":"

Title: Relation of Indices Nifty50 with Navin Fluorine International Ltd.<\/span><\/u><\/b><\/p>\n

Author: Neha Nitin Zambare<\/span><\/u><\/b><\/p>\n

MBA (Operations and Supply Chain Management)<\/span><\/u><\/b><\/p>\n

ITM Skills University<\/span><\/u><\/b><\/p>\n

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1.\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span><\/b>\u00a0<\/span><\/span><\/u><\/b>Introduction:<\/span><\/u><\/b><\/p>\n

Indian stock market provides a platform for companies to raise long\u2011term funds and for investors to earn returns by trading equity shares through organized exchanges. NIFTY 50 index represents the movement of fifty large and liquid companies listed on National Stock Exchange and is widely used as a barometer of market performance.<\/span><\/p>\n

Navin Fluorine International Ltd (NAVINFLUOR) is a leading Indian company engaged in manufacture and marketing of speciality fluorochemicals, including refrigerant gases, inorganic fluorides and speciality organofluorine products. The shares of the company are actively traded on NSE, therefore it is meaningful to examine how its daily returns move in relation to the broad market index NIFTY 50 during the selected period.<\/span><\/p>\n

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2.\u00a0\u00a0\u00a0 <\/span><\/span><\/span><\/b>\u00a0<\/span>Objective:<\/u><\/b><\/span><\/p>\n

To determine the Beta of Navin Fluorine I with respect to Nifty 50 and assess its statistical significance.<\/span><\/p>\n

To study the daily price movement of Navin Fluorine International Ltd from 01\/12\/2024 to 01\/11\/2025.To compute daily returns of NAVINFLUOR and NIFTY 50 index for the same period. To analyse the relationship between NAVINFLUOR returns (dependent variable) and NIFTY 50 returns (independent variable) using simple linear regression.To test the statistical significance of the regression model.<\/span><\/p>\n

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3.\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span><\/b>\u00a0<\/span><\/span><\/b>Literature Review:<\/span><\/u><\/b><\/u><\/b><\/p>\n

Studies on stock market efficiency and risk\u2013return relationship generally use market indices such as NIFTY 50 to explain behaviour of individual stock returns. Previous research has applied simple linear regression and correlation analysis to test how strongly stock returns are related to index returns.<\/span><\/p>\n

For this project, reference is taken from:<\/span><\/p>\n

NSE equity and index historical data pages for obtaining price series. Company website and financial portals for understanding business profile and fundamentals of Navin Fluorine.<\/span><\/p>\n

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4.\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span><\/b>\u00a0<\/span>Data Collection:<\/u><\/span><\/b><\/p>\n

Historical Data of Navin Fluorine International ltd and Nifty50 index data was downloaded by NSE.com for that period 1\/12\/24 to 1\/11\/25 the data was manipulated to get finding and closing prices<\/span><\/p>\n

5.\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span><\/b>\u00a0<\/span><\/span><\/b>Data Analysis:<\/span><\/u><\/b><\/p>\n

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The descriptive statistics table shows that the average daily return of NAVINFLUOR is _% with standard deviation of _%, whereas NIFTY 50 has mean return of _% and standard deviation of _%. This indicates that NAVINFLUOR is (more \/ less \/ equally) volatile compared with the market index.<\/span><\/p>\n

The scatter plot between NAVINFLUOR and NIFTY returns appears to show a (positive \/ negative) linear relationship, indicating that the stock generally moves (in the same \/ opposite) direction as the market.<\/span><\/p>\n

From the regression output, the estimated equation is:<\/span><\/p>\n

Y=\u03b1+\u03b2X<\/span><\/p>\n

where \u03b1 and \u03b2 . A positive \u03b2 value implies that when NIFTY return increases by 1%, NAVINFLUOR return is expected to increase by approximately \u03b2 percent, holding other factors constant.<\/span><\/p>\n

The t\u2011statistic and p\u2011value corresponding to \u03b2 are reported as t = <\/span>8.917055272<\/span><\/p>\n

\u00a0<\/span>and p = <\/span>6.56833E-12<\/span><\/p>\n

Intercept = 5.411950804<\/span><\/p>\n

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. If p\u2011value is less than 0.05, the null hypothesis that \u03b2 = 0.8975is rejected, meaning NIFTY returns have a statistically significant effect on NAVINFLUOR returns at 5% level of significance.<\/span><\/p>\n

The coefficient of determination <\/span><\/p>\n

R2<\/sup>\u00d7100% of variation in NAVINFLUOR returns is explained by variation in NIFTY 50 returns. The ANOVA table shows F\u2011statistic of <\/span>0.341704637<\/span><\/p>\n

with p\u2011value of <\/span>6.56833E-12<\/span>, which indicates that the overall regression model is (significant).<\/span><\/p>\n

Regression Statistics<\/span><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

Particulars<\/span><\/b><\/p>\n<\/td>\n

\n

Value<\/span><\/b><\/p>\n<\/td>\n<\/tr>\n<\/thead>\n

\n

Beta (Slope Coefficient)<\/span><\/p>\n<\/td>\n

\n

0.8975<\/span><\/b><\/p>\n<\/td>\n<\/tr>\n

\n

Intercept (Alpha)<\/span><\/p>\n<\/td>\n

\n

5.411950804<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

R\u00b2<\/span><\/p>\n<\/td>\n

\n

0.006787705<\/span><\/b><\/p>\n<\/td>\n<\/tr>\n

\n

Adjusted R\u00b2<\/span><\/p>\n<\/td>\n

\n

-0.013076541<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Standard Error<\/span><\/p>\n<\/td>\n

\n

0.236969819<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

t-Statistic (Beta)<\/span><\/p>\n<\/td>\n

\n

8.917055272<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

p-value (Beta)<\/span><\/p>\n<\/td>\n

\n

6.56833E-12<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

F-Statistic<\/span><\/p>\n<\/td>\n

\n

0.341704637<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

Number of Observations<\/span><\/p>\n<\/td>\n

\n

52<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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6.\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span>\u00a0<\/span><\/span><\/u><\/b>Conclusion:<\/span><\/u><\/b><\/u><\/p>\n

The study concludes that the share price behaviour of Navin Fluorine International Ltd during 01\/12\/2024\u201301\/11\/2025 is related to movements in NIFTY 50 index to a (significant \/ limited) extent. Investors holding NAVINFLUOR need to consider overall market conditions as well as company fundamentals while making trading decisions. Simple tools like daily return calculation, charts and linear regression prove useful for MBA students to understand risk and return characteristics of individual stocks and their linkage with market indices.<\/span><\/p>\n

7.\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span>\u00a0<\/span><\/span><\/b>Reference:<\/span><\/u><\/b><\/u><\/p>\n

National Stock Exchange of India. (2025). Navin Fluorine International Ltd equity historical data. Retrieved from NSE website. National Stock Exchange of India. (2025). NIFTY 50 index historical data. Retrieved from NSE website.<\/span><\/p>\n

Navin Fluorine International Limited. (n.d.). Company information and business profile. Retrieved from company website. Put this into Word, apply your preferred font and headings, and then insert your Excel outputs where indicated (tables, charts, and exact regression numbers)<\/span><\/p>\n

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

Title: Relation of Indices Nifty50 with Navin Fluorine International Ltd. Author: Neha Nitin Zambare MBA (Operations and Supply Chain Management) ITM Skills University \u00a0 1.\u00a0\u00a0\u00a0\u00a0 \u00a0Introduction: Indian stock market provides a platform for companies to raise long\u2011term funds and for investors to earn returns by trading equity shares through organized exchanges. NIFTY 50 index represents… Continue reading Relation between Navin Flourine International Limited and Nifty 50 Index<\/span><\/a><\/p>\n","protected":false},"author":139973,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-23242","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\/23242","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\/139973"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23242"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/23242\/revisions"}],"predecessor-version":[{"id":23243,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/23242\/revisions\/23243"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23242"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}