{"id":23274,"date":"2025-12-22T15:09:01","date_gmt":"2025-12-22T09:39:01","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=23274"},"modified":"2025-12-22T15:09:01","modified_gmt":"2025-12-22T09:39:01","slug":"relationship-of-nifty-with-sail","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=23274","title":{"rendered":"Relationship of Nifty with SAIL"},"content":{"rendered":"

1.\u00a0\u00a0\u00a0 <\/span><\/span><\/span>INTRODUCTION<\/span><\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span>Steel Authority of India Limited (SAIL) is a premier state-owned steel manufacturer and a designated Maharatna Public Sector Enterprise.\u00a0 <\/span><\/span><\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span>\u200bThe company manages a massive distribution network for iron and steel products, specializing in high-volume logistics and demand forecasting.\u00a0 <\/span><\/span><\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span>\u200bSAIL focuses on large-scale industrial operations, utilizing its own captive mines for strategic raw material integration.\u00a0 <\/span><\/span><\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span>\u200bDue to its complex supply chain and significant role in national infrastructure, it is a highly appropriate subject for operations and supply chain management\u00a0research.<\/span><\/p>\n

2.\u00a0\u00a0\u00a0 <\/span><\/span><\/span>OBJECTIVE<\/span><\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span>To calculate \u03b2 of SAIL and observe its significance.<\/span><\/p>\n

3.\u00a0\u00a0\u00a0 <\/span><\/span><\/span>DATA COLLECTION<\/span><\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span>Historical data of SAIL and NIFTY50 index data (downloaded from NSE website for the period 01-Dec-24 to 30-Nov-2025).<\/span><\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span>The data was manipulated to get Friday closing prices.<\/span><\/p>\n

4.\u00a0\u00a0\u00a0 <\/span><\/span><\/span>LITERATURE REVIEW<\/span><\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span>Research highlights SAIL\u2019s status as a core sector leader focusing on modernization and value-added steel products to remain\u00a0competitive.<\/span><\/p>\n

5.\u00a0\u00a0\u00a0 <\/span><\/span><\/span>DATA ANALYSIS<\/span><\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span>Regression Equation: – <\/span><\/p>\n

y = 0.060792236x \u00a0<\/span>+ 1.394271302<\/span><\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>where: –<\/span><\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>y = Weekly Return for Redington Ltd.<\/span><\/p>\n

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

This equation tells us that if weekly returns of NIFTY increases, then weekly return for Redington Ltd also increases.<\/span><\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span>Number of Observations = 48<\/span><\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span>t-stat for \u03b2 = 0.124929812<\/span><\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span>p-value = 2.79465 \u00d7 10\u207b\u2076 <\/span>\u00e8<\/span><\/span>This indicates that since p-value < 0.05, \u03b2 is statistically significant at 1% level.<\/span><\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span>R2<\/sup> = 0.382597262 <\/span>\u00e8<\/span><\/span> This indicates that around 15% of the weekly return for Redington Ltd. is explained by the weekly return for NIFTY. 85% is the error due to the other variables which are not in model.<\/span><\/p>\n

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span>F = 28.50566241 <\/span>\u00e8<\/span><\/span> The overall model is statistically significant.<\/span><\/p>\n

6.\u00a0\u00a0\u00a0 <\/span><\/span><\/span>CONCLUSION<\/span><\/p>\n

Here \u03b2 = 0.060792236 <\/span>\u00e8<\/span><\/span> Since \u03b2 \u2265 1, it is good for short-term investment if NIFTY rises.<\/span><\/p>\n

7.\u00a0\u00a0\u00a0 <\/span><\/span><\/span>REFERENCES<\/span><\/p>\n

1. IIDE (2025). SWOT Analysis of SAIL – Steel Authority of India Limited (IIDE Case Study )<\/p>\n","protected":false},"excerpt":{"rendered":"

1.\u00a0\u00a0\u00a0 INTRODUCTION \u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Steel Authority of India Limited (SAIL) is a premier state-owned steel manufacturer and a designated Maharatna Public Sector Enterprise.\u00a0 \u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u200bThe company manages a massive distribution network for iron and steel products, specializing in high-volume logistics and demand forecasting.\u00a0 \u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u200bSAIL focuses on large-scale industrial operations, utilizing its own captive mines for… Continue reading Relationship of Nifty with SAIL<\/span><\/a><\/p>\n","protected":false},"author":139982,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-23274","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\/23274","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\/139982"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23274"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/23274\/revisions"}],"predecessor-version":[{"id":23275,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/23274\/revisions\/23275"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23274"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}