{"id":24896,"date":"2026-03-22T12:53:39","date_gmt":"2026-03-22T07:23:39","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=24896"},"modified":"2026-03-22T12:53:39","modified_gmt":"2026-03-22T07:23:39","slug":"relationship-between-nifty-50-and-nilkamal-ltd","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=24896","title":{"rendered":"Relationship between Nifty 50 and Nilkamal Ltd"},"content":{"rendered":"

Tittle -Relationship of Nifty 50 with Nilkamal Ltd<\/span><\/p>\n

Author-Nikhil Santosh Desai 07<\/span><\/p>\n

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

Nilkamal Limited is a leading Indian company established in 1985 and headquartered in Mumbai. It is known as the world\u2019s largest manufacturer of moulded plastic furniture and a major player in material handling products.<\/span><\/p>\n

The company offers a wide range of products such as plastic chairs, home furniture, storage solutions, and industrial crates.<\/span><\/p>\n

Nilkamal has a strong distribution network across India and serves both household and industrial customers.<\/span><\/p>\n

It is also listed on the NSE and BSE and has diversified into retail furniture, mattresses, and home d\u00e9cor solutions.<\/span><\/p>\n

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

Objective – calculation of beta and observe its significance-<\/span><\/p>\n

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

Literature review<\/span><\/p>\n

Bridging Growth and Equity<\/span><\/p>\n

This research investigates the strong link between India\u2019s GDP trajectory and the performance of the Nifty 50. By evaluating key economic drivers, the authors demonstrate how national productivity directly fuels stock market trends. The study ultimately reveals that while the two generally move in tandem, specific market cycles and policy shifts can create unique periods of divergence.<\/span><\/p>\n

Forecasting the Nifty 50<\/span><\/p>\n

This study evaluates Meta\u2019s Prophet model as a tool for predicting Indian stock market trends. By analyzing the Nifty 50, the authors show how the model effectively manages seasonality and non-linear shifts where traditional methods often fail. The research concludes that Prophet offers a precise, accessible way for investors to navigate market volatility.<\/span><\/p>\n

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

\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Data for Nifty 50 and Nilkamal\u00a0 Ltd was downloaded from nseindia.com for the period 01.01.2025 to 31.12.2025. Friday\u2019s closing prices for Nifty 50 and Nilkamal\u00a0 Ltd were segregated. Weekly Returns of Nifty 50 and Nilkamal\u00a0 Ltd were calculated. Weekly Return of Nifty 50 were taken as x and Weekly Return of Nilkamal\u00a0 Ltd. were taken as y. y was regressed on x.<\/span><\/p>\n

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

Yx(Nilkamal Ltd)=\u00a0<\/span>0.82+0.47x<\/sup>(Nifty 50)+e<\/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\u00a0(1.85636)xx<\/sup><\/span><\/p>\n

\u00a0<\/p>\n

N=48 ,R2<\/sup> =0.07, F=3.45xx<\/sup><\/span><\/p>\n

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

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

The above equation shows the relationship between Weekly Return of Nifty 50 and Weekly Return of\u00a0<\/span>Nilkamal\u00a0 Ltd<\/span>. Positive sign means there is a direct relationship, which means if Weekly Return of\u00a0 Nifty 50 rises, Weekly\u00a0<\/span>Nilkamal\u00a0 Ltd<\/span>. rises and vice-versa. If Weekly return of Nifty 50 rises by 1 unit, the Weekly Return of\u00a0<\/span>Nilkamal\u00a0 Ltd<\/span>. will rises by 0.47 units. No. of observations are 48. t Stat for \u03b2 (Beta) is 1.8564. The P-value for which is 0.070, which is Greater than 0.05 meaning \u03b2 (Beta) is statistically not significant at 5% level, meaning Weekly Return of Nifty 50 impact at 5% level. R2<\/sup>\u00a0is\u00a00.07, meaning 07% of Weekly Return of\u00a0<\/span>Nilkamal Ltd<\/span>. is explained by Weekly Return of Nifty 50. 93% is the error due to the variables not included in the model F is 3.45 and the P-value is 0.6586 which is greater\u00a0\u00a0than 0.05 it means overall the model is statistically not significant at 5% level.<\/span><\/p>\n

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

\u03b2 (Beta) is more than 1. Hence, invest for short term, if Nifty rises.<\/span><\/p>\n

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

Reference<\/span><\/p>\n

1)\u00a0\u00a0\u00a0\u00a0\u00a0S., Ravi Kumar; D. I. P., Mani Kumar; B. D., Hansrajhttps:\/\/research.ebsco.com\/linkprocessor\/plink?id=e44efc1c-d306-3ae7-9958-98acffdb3a8c<\/span><\/p>\n

2)\u00a0\u00a0\u00a0\u00a0\u00a0Phalle, Mrinal; Patil, Vaishali; Wukkadada, Bharati; Mohite, Rajendra A.; Tike, Madhur Rajan https:\/\/research.ebsco.com\/linkprocessor\/plink?id=1819f8d0-b841-33b9-9214-cd3d4cc2d316<\/span><\/p>\n

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

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

\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Tittle -Relationship of Nifty 50 with Nilkamal Ltd Author-Nikhil Santosh Desai 07 Introduction Nilkamal Limited is a leading Indian company established in 1985 and headquartered in Mumbai. It is known as the world\u2019s largest manufacturer of moulded plastic furniture and a major player in material handling products. The company offers a wide range of products… Continue reading Relationship between Nifty 50 and Nilkamal Ltd<\/span><\/a><\/p>\n","protected":false},"author":140117,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-24896","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\/24896","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\/140117"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24896"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/24896\/revisions"}],"predecessor-version":[{"id":24897,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/24896\/revisions\/24897"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24896"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24896"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24896"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}