Title:<\/b> Relationship between Nifty 50 and Spencer’s Retail Limited<\/p>\n
Author<\/b>: Surajkumar Jha (71)<\/p>\n
1. Introduction:<\/b>
Spencer’s Retail Limited, a part of the RP-Sanjiv Goenka Group, is a leading multi-format retailer in India, operating over 120 outlets in 35+ cities, including a significant footprint in East India and Uttar Pradesh. The company, which has a history of 1863, operates its business under the philosophy of “Makes Fine Living Affordable.<\/p>\n
2. Objective:<\/b>
To calculate Beta and observe its significance
3. Literature Review:
3.1<\/b> <\/i>Report on the Study at Dr. A.S. Rao Nagar with Reference to Spencer\u2019s Retail Ltd:<\/b>
Gupta (2010), asserts that Spencer\u2019s Retail will struggle in a price war against discount retailers, making cost-leadership untenable. The company must focus on upper-middle-class customers willing to pay for ambiance, hygiene, and gourmet products. Key high-margin categories like fresh produce, meat, and experiential shopping are vital for maintaining profitability. The conclusion is that Spencer\u2019s should adopt an omnichannel, premium-differentiation strategy to maximize wallet share from loyal customers instead of pursuing risky geographic expansion.<\/p>\n
3.2 Supply Chain analysis of Spencer\u2019s Retail Limited in Bangalore city:<\/b>
Prakash (2014), asserts in his research that empirically dissects Spencer\u2019s fresh produce supply chain, revealing that defective handling and inefficient transportation lead to a massive 40% spoilage rate in perishables before they even hit the store shelves.
4. Data Collection:<\/b>
Data for Nifty 50 And Spencer\u2019s Retail Limited was downloaded from NSE India\u2019s website for the period of 1\/1\/2025 to 31\/12\/2025. The Data was manipulated to get Friday closing prices of Nifty 50 and Spencer\u2019s Retail Limited. Weekly returns were calculated. Weekly returns of Nifty 50 are named as X and weekly returns of Spencer\u2019s Retail Limited were named as Y. Y was regressed on X.<\/p>\n
5. Data Analysis:
<\/b>The equations indicated the relationship between Market Return (X) and Spencer\u2019s Return (Y). The R Square value is 0.3043, which means 30.43% of the variance in Spencer\u2019s Return is explained by Market Return. 69.57% is the error for the variables which are not included in the model. F value is 20.53. P-value of which is 0.000048, which is less than 0.05, hence the model is statistically significant at 5% level. P-value of coefficient = 0.000, which is less than 0.05, hence the market return has a significant impact on Spencer\u2019s return. Intercept = -1.7307, which means if market return is 0, then the return on Spencer\u2019s is -1.7307%. Coefficient of market return (Beta) is 1.3738, which means for every 1 unit increase in market return, Spencer\u2019s return increases by 1.3738 units. No. of observations are 48.<\/p>\n
6. Conclusion:<\/b>
Since, the Beta for this company is 1.3738, this stock is strictly a short-term play to be traded only when we expect the Nifty to rise.<\/p>\n
7. Reference:<\/b>
1. Gupta, A. K. (2010). A Project Report on the Study at Dr. A.S. Rao Nagar with Reference to Spencer\u2019s Retail Ltd on Market Potential and Customer Preferences<\/i>. ICBM-School of Business Excellence, Hyderabad.<\/p>\n
2. Prakash, K.C. (2014). An analysis of supply chain of tomato from farm to retail outlets for spencers retail outlets in Bangalore city. International Journal of Commerce and Business Management<\/i>, 7(2), 243-250.<\/p>\n","protected":false},"excerpt":{"rendered":"
Title: Relationship between Nifty 50 and Spencer’s Retail Limited Author: Surajkumar Jha (71) 1. Introduction:Spencer’s Retail Limited, a part of the RP-Sanjiv Goenka Group, is a leading multi-format retailer in India, operating over 120 outlets in 35+ cities, including a significant footprint in East India and Uttar Pradesh. The company, which has a history of… Continue reading Relationship between Nifty 50 and Spencer’s Retail Limited<\/span><\/a><\/p>\n","protected":false},"author":140118,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-24844","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\/24844","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\/140118"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24844"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/24844\/revisions"}],"predecessor-version":[{"id":24845,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/24844\/revisions\/24845"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24844"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24844"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24844"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}