{"id":23421,"date":"2025-12-24T21:15:29","date_gmt":"2025-12-24T15:45:29","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=23421"},"modified":"2025-12-24T21:15:29","modified_gmt":"2025-12-24T15:45:29","slug":"relationship-of-nifty-with-voltas-limited","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=23421","title":{"rendered":"RELATIONSHIP OF NIFTY WITH VOLTAS LIMITED"},"content":{"rendered":"

AUTHOR: VIJAY MISHRA <\/span><\/b><\/p>\n

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

Voltas Limited, a Tata Group company, is a leading Indian provider of air-conditioning and engineering solutions with operations in India and abroad. The company is engaged in cooling products, electro-mechanical projects, and engineering services. Known for its focus on energy efficiency and innovation, Voltas serves residential, commercial, and industrial sectors. It plays an important role in supporting India\u2019s infrastructure and cooling needs.<\/span><\/p>\n

OBJECTIVE:<\/span><\/b> To calculate Beta and Observe its significance<\/span><\/p>\n

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>Y=a +bx<\/span><\/p>\n

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

LITERATURE REVIEW: \u00a0<\/span><\/span><\/b><\/p>\n

\u00a0<\/span>VIEW 1<\/span><\/b> Jayaprakash, R. (2017). An analysis of the performance of Nifty Infrastructure Index stocks<\/i>. Researchers World \u2013 Journal of Arts, Science & Commerce<\/b>, 8(4), 117\u2013129.<\/span><\/p>\n

\u00a0<\/span><\/span><\/b>Prior studies highlight that infrastructure stocks in India have gained prominence due to increased government focus, policy support, and capital allocation, especially after 2014. The literature emphasizes the use of risk\u2013return frameworks such as the Capital Asset Pricing Model (CAPM) along with technical indicators like RSI and ROC to identify underpriced and overpriced stocks. Empirical findings suggest that several Nifty Infrastructure Index stocks were undervalued and offered higher actual returns than expected returns, indicating profitable investment opportunities when supported by systematic technical analysis.<\/span><\/p>\n

\u00a0 <\/span>VIEW 2: <\/span><\/b>Pendkar, A., & Sowmya, B. V. S. (2023). Impact of liquidity on return generating capacity of equity stocks<\/i>. Manager \u2013 The British Journal of Administrative Management, 59<\/b>(158), 66\u201373.<\/span><\/p>\n

Existing studies highlight that stock market liquidity plays a significant role in influencing equity returns, risk, and trading efficiency, particularly in emerging markets like India. Empirical findings generally suggest that higher liquidity is associated with improved return-generating capacity, though firm-specific results vary, especially during periods of market stress such as the COVID-19 pandemic.<\/span><\/b><\/p>\n

DATA COLLECTION: <\/span><\/b>Data for Nifty 50 and Voltas Limited was downloaded from NSEINDIA.COM for the period 01\/12\/2024 to 30\/11\/2025.Then Friday closing prices are calculated. Weekly return of Nifty and Voltas Limited were calculated. Weekly Returns of Nifty were taken as \u201cX\u201d and Weekly return of Voltas Limited were taken as \u201cY\u201d.<\/span><\/p>\n

Y was Regressed on x.<\/span><\/p>\n

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

\u00a0<\/span>VOLTAS LIMITED = <\/span><\/b>0.68458 + 0.943246 NIFTY <\/b><\/span><\/b><\/p>\n