{"id":24894,"date":"2026-03-22T12:52:28","date_gmt":"2026-03-22T07:22:28","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=24894"},"modified":"2026-03-22T12:52:28","modified_gmt":"2026-03-22T07:22:28","slug":"relation-between-nifty-50-and-bikaji-foods-international-limited","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=24894","title":{"rendered":"Relation Between Nifty 50 and Bikaji Foods International Limited"},"content":{"rendered":"

Title: Relation Between Nifty 50 and <\/span><\/b>Bikaji Foods International Limited\u00a0<\/span><\/b><\/b><\/p>\n

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Author: <\/span><\/b>Bhakti Arun Mumbarkar<\/span><\/p>\n

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

Bikaji Foods International Ltd is a leading Indian FMCG company known for its wide range of traditional snacks and sweets. Founded in 1995 and headquartered in Bikaner, a city famous for its bhujia, the company has built a strong reputation for quality and taste. Bikaji offers a variety of products including bhujia, namkeen, packaged sweets, papad, and ready-to-eat items. It has a significant presence in both domestic and international markets, exporting its products to several countries. The company continues to focus on innovation while maintaining the authenticity of Indian flavors.<\/span><\/p>\n

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Objective:<\/span><\/b> To calculate Beta and observe its significance.<\/span><\/p>\n

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Literature Review:<\/span><\/b><\/p>\n

The study analyzes the relationship between the Nifty 50<\/span> and sectoral indices, including FMCG, showing a strong positive correlation. It uses statistical tools such as Granger causality and ADF tests to establish linkage between market movements (Suresh & Sujyothi, 2024). The findings reveal that sectoral indices significantly move in line with the broader market index. This indicates that companies like Bikaji Foods International Ltd<\/span> are indirectly influenced by Nifty 50 trends (Suresh & Sujyothi, 2024).<\/span><\/p>\n

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This research examines the performance of FMCG companies in relation to market indices such as the Nifty 50<\/span>. It finds that FMCG stocks exhibit a positive correlation with overall market movements, though the degree varies among firms (IJSR, 2024). The study also highlights that market fluctuations impact returns and volatility within the FMCG sector. Therefore, companies like Bikaji Foods International Ltd<\/span> tend to align with broader index performance (IJSR, 2024).<\/span><\/p>\n

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Data Collection:<\/span><\/b><\/p>\n

Data for Nifty 50 and <\/span>Bikaji Foods International Limited was downloaded from NSEindia.com\u00a0for period (1\/1\/2025 To 31\/12\/2025). The data was manipulated to get Friday closing prices of Nifty 50 and Bikaji Foods International Limited. Weekly returns were calculated weekly returns of Nifty 50 are (X) and weekly returns of <\/span>bikaji foods international limited\u00a0is (Y). (Y) was agress on (X).<\/span><\/p>\n

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Data analysis:<\/span><\/b><\/p>\n

Equation:<\/span><\/strong><\/h3>\n

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

a = Intercept
b = Beta<\/span><\/p>\n

a = 0.006467306
b = -0.868816242<\/span><\/p>\n

The Regression Equation:<\/span><\/strong><\/h3>\n

Y = 0.006467306 \u2212 0.868816242x<\/span><\/p>\n

The regression equation obtained from the analysis shows the relationship between Nifty 50 returns (X) and the company returns (Y) of Bikaji Foods International Ltd. The coefficient of X (Beta) is \u22120.8688, which is negative. This indicates that there is an inverse relationship between the Nifty returns and the company returns, meaning that when the market return increases, the company return tends to decrease, and vice versa. The value of beta (\u22120.8688) indicates that for every 1 unit increase in Nifty return, the company return decreases by approximately 0.8688 units. Since the absolute value of beta is less than 1, it shows that the company is less volatile and less risky compared to the market, and its movements are smaller than overall market movements. The intercept value is 0.0065, which represents the expected return of the company when the Nifty return is zero. The p-value for beta is 0.162, which is greater than 0.05, indicating that the model is not statistically significant and the relationship between Nifty returns and company returns is not meaningful.<\/span><\/p>\n

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

Beta is less than 1 and negative, so Bikaji Foods International Ltd does not follow Nifty 50 and is not good for short-term investment.<\/span><\/b><\/p>\n

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

Suresh A. S., & Sujyothi (2024). Analysing the Causal Relationship Between Nifty 50 and Sectoral Indices<\/i>. Journal of Emerging Technologies and Innovative Research.<\/span><\/p>\n

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International Journal of Science and Research (2024). Performance Analysis of FMCG Companies and Correlation with Market Index<\/em>.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Title: Relation Between Nifty 50 and Bikaji Foods International Limited\u00a0 \u00a0 Author: Bhakti Arun Mumbarkar \u00a0 Introduction: Bikaji Foods International Ltd is a leading Indian FMCG company known for its wide range of traditional snacks and sweets. Founded in 1995 and headquartered in Bikaner, a city famous for its bhujia, the company has built a… Continue reading Relation Between Nifty 50 and Bikaji Foods International Limited<\/span><\/a><\/p>\n","protected":false},"author":140134,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-24894","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\/24894","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\/140134"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24894"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/24894\/revisions"}],"predecessor-version":[{"id":24895,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/24894\/revisions\/24895"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24894"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}