1) Title<\/p>\n
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Relationship of Sreeleathers Ltd with Nifty 50<\/p>\n
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2) Author<\/p>\n
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Vaishnavi Nimodiya<\/p>\n
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3) Introduction: Sreeleathers Ltd.<\/p>\n
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Sreeleathers Ltd. is an Indian footwear manufacturing and retail company known for offering affordable and durable footwear products. The company operates through a chain of retail outlets across India and caters mainly to the mass consumer segment. Sreeleathers focuses on cost efficiency, wide product variety, and value-for-money pricing.<\/p>\n
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The company is listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). As a consumer-oriented company, its stock performance may be influenced not only by overall market movements but also by firm-specific factors such as demand trends, input costs, and consumer spending behavior.<\/p>\n
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4) Objective of the Study<\/p>\n
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The objective of this study is:<\/p>\n
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To calculate beta and observe its significance<\/p>\n
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5) Literature Review<\/p>\n
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According to ABESCO (Security Analysis and Portfolio Management), regression analysis is a widely used tool to study the relationship between an individual stock\u2019s returns and market returns. The beta coefficient measures the responsiveness of a stock to market movements and helps investors assess systematic risk.<\/p>\n
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ABESCO also highlights that the R\u00b2 value represents the proportion of variation in a stock\u2019s returns explained by market returns. A low R\u00b2 indicates that stock performance is largely driven by company-specific or external factors rather than market movements.<\/p>\n
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6) Data Collection<\/p>\n
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Data for Sreeleathers Ltd. and Nifty 50 was collected from NSE India for the period 1st December 2024 to 30th November 2025.<\/p>\n
Friday closing prices were taken, and weekly returns were calculated.<\/p>\n
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Weekly returns of Nifty 50 were taken as X<\/p>\n
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Weekly returns of Sreeleathers Ltd. were taken as Y<\/p>\n
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Y was regressed on X using the ordinary least squares (OLS) method<\/p>\n
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Total observations: 48 weeks<\/p>\n
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7) Data Analysis<\/p>\n
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Regression Equation:<\/p>\n
\u00a0<\/p>\n
Return of Sreeleathers Ltd.<\/p>\n
=<\/p>\n
161.15<\/p>\n
\u2212<\/p>\n
0.00086<\/p>\n
(<\/p>\n
Return of Nifty 50<\/p>\n
)<\/p>\n
Return of Sreeleathers Ltd.=161.15\u22120.00086(Return of Nifty 50)<\/p>\n
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Statistical Results:<\/p>\n
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N = 48<\/p>\n
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R\u00b2 = 0.00498<\/p>\n
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F value = 0.230<\/p>\n
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P value (Significance F) = 0.633<\/p>\n
\u00a0<\/p>\n
Beta (\u03b2) = \u20130.00086<\/p>\n
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The regression equation shows a very weak and negative relationship between returns of Sreeleathers Ltd. and Nifty 50. The beta value is close to zero, indicating that the stock is almost insensitive to market movements.<\/p>\n
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The t-statistic for beta is \u20130.48, and the p-value is 0.633, which is greater than 0.05. This implies that the beta is statistically insignificant.<\/p>\n
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The R\u00b2 value of 0.00498 indicates that less than 1% of the variation in returns of Sreeleathers Ltd. is explained by movements in the Nifty 50. Nearly 99% of the variation is due to firm-specific or other external factors not included in the model.<\/p>\n
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The F-statistic (0.230) and its p-value confirm that the overall regression model is not statistically significant.<\/p>\n
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8) Conclusion<\/p>\n
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Sreeleathers Ltd., with its near-zero and statistically insignificant beta, shows negligible co-movement with the Nifty 50, making it unsuitable for short-term market-driven strategies but potentially attractive to investors prioritizing company\u00a0<\/span>fundamentals<\/span>\u00a0over broader market trends.<\/span><\/p>\n \u00a0<\/p>\n 9) References<\/p>\n \u00a0<\/p>\n NSE India\u00a0<\/p>\n ABESCO Web<\/p>\n","protected":false},"excerpt":{"rendered":" 1) Title \u00a0 Relationship of Sreeleathers Ltd with Nifty 50 \u00a0 2) Author \u00a0 Vaishnavi Nimodiya \u00a0 3) Introduction: Sreeleathers Ltd. \u00a0 Sreeleathers Ltd. is an Indian footwear manufacturing and retail company known for offering affordable and durable footwear products. The company operates through a chain of retail outlets across India and caters mainly to… Continue reading Relationship of Sreeleathers Ltd with Nifty 50<\/span><\/a><\/p>\n","protected":false},"author":140058,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-23553","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\/23553","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\/140058"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23553"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/23553\/revisions"}],"predecessor-version":[{"id":23554,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/23553\/revisions\/23554"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23553"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}