{"id":24918,"date":"2026-03-22T14:02:25","date_gmt":"2026-03-22T08:32:25","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=24918"},"modified":"2026-03-22T14:02:25","modified_gmt":"2026-03-22T08:32:25","slug":"title-relationship-of-nifty-50-with-maruti-suzuki-india-ltd-2","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=24918","title":{"rendered":"TITLE: Relationship of NIFTY 50 with Maruti Suzuki India Ltd"},"content":{"rendered":"

AUTHOR: <\/span><\/b>Mariam Majeed Khan<\/span><\/h1>\n

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

INTRODUCTION:<\/span><\/b><\/h1>\n

Maruti Suzuki India Limited is the largest passenger car manufacturer in India and a leading company in the automobile sector. Established in 1981 and a subsidiary of Suzuki Motor Corporation, it has played a major role in making affordable cars accessible to Indian consumers. Headquartered in New Delhi, the company offers a wide range of vehicles across various segments and is known for its fuel efficiency, reliability, and strong distribution network across the country.<\/span><\/p>\n

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

Calculation of <\/span>\u03b2 <\/span><\/sub>and observe its significance.<\/span><\/p>\n

LITERATURE REVIEW:\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\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/b><\/h1>\n

1. <\/span><\/span>Dua (2015) examined Maruti Suzuki India Limited and found that the company has developed strong technological and operational capabilities through R&D and strategic collaborations, helping it maintain leadership in the Indian automobile market.<\/span><\/p>\n

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

2. <\/span><\/span>Bhuvaneswari (2018) analyzed the automobile sector and market performance and found that automobile stocks provide high returns with high risk. The study also showed that stock performance in this sector is influenced by overall market trends using tools like beta and regression.<\/span><\/p>\n

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DATA COLLECTION:<\/span><\/b><\/h1>\n

Data for Nifty 50 and Maruti Suzuki India Limited was downloaded from NSE India.com for the period 1-1-25 to 31-12-25. Friday closing prices for Nifty 50 and Maruti company was segregated, weekly returns of Nifty 50 and Maruti company were calculated. <\/span><\/p>\n

Weekly returns of Nifty were taken as X & weekly returns of Maruti company were taken as Y. Y was regressed on X.<\/span><\/p>\n

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

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

Weekly returns of Maruti= -0.53 + 0.68Weekly returns of Nifty + e<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

\u00a0<\/p>\n<\/td>\n

\u00a0<\/td>\n\u00a0<\/td>\n\n

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

\n

\u00a0<\/span>(2.84)<\/span><\/p>\n<\/td>\n<\/tr>\n

\n

\u00a0<\/p>\n<\/td>\n

\u00a0<\/td>\n\n

N=48<\/span><\/p>\n<\/td>\n

\n

R Square=0.15<\/span><\/p>\n<\/td>\n

\n

F=8.05<\/span><\/p>\n<\/td>\n<\/tr>\n

<\/p>\n

\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n

<\/tbody>\n<\/table>\n

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

\u00a0<\/p>\n

\u00a0<\/p>\n

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

The above equation shows the relationship between Nifty 50 and Maruti Suzuki India Ltd. If Nifty increases by 1 unit, the value of Maruti Suzuki India Ltd. will decrease by 2.14 units.<\/span><\/p>\n

The number of observations is 48. The t-statistic for \u03b2 is 2.84, with a p-value of 0.0067, which is less than 0.05. This indicates that \u03b2 is statistically significant at the 5% level, meaning Nifty 50 has a significant impact on Maruti Suzuki India Ltd. at the 5% level.<\/span><\/p>\n

The R\u00b2 value is 0.15, which means that 15% of the variation in Maruti Suzuki India Ltd. is explained by Nifty 50, while the remaining 85% is the error due to the variables not included in the model.<\/span><\/p>\n

The F-statistic is 8.05, and its p-value is 0.0067, which is less than 0.05. This indicates that the overall model is statistically significant at the 5% level.<\/span><\/p>\n

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CONCLUSION:<\/span><\/b><\/h1>\n

\u03b2 is more than one (2.84), so invest for short term if nifty rises.<\/span><\/p>\n

\u00a0<\/h1>\n

REFERENCE:<\/span><\/b><\/h1>\n

1. <\/span><\/span>Bhuvaneswari, P. (2018). A comparative analysis of automobile industry and Nifty 50 index. International Journal of Management and Social Sciences, Vol. 4, pp. 1\u20137.<\/span><\/p>\n

2. <\/span><\/span>Dua, P. (2015). Capability building in the Indian automobile industry: A study of Maruti Suzuki India Limited. Manthan: Journal of Commerce and Management, Vol. 2(1), pp. 70\u201386.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

AUTHOR: Mariam Majeed Khan \u00a0 INTRODUCTION: Maruti Suzuki India Limited is the largest passenger car manufacturer in India and a leading company in the automobile sector. Established in 1981 and a subsidiary of Suzuki Motor Corporation, it has played a major role in making affordable cars accessible to Indian consumers. Headquartered in New Delhi, the… Continue reading TITLE: Relationship of NIFTY 50 with Maruti Suzuki India Ltd<\/span><\/a><\/p>\n","protected":false},"author":140150,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-24918","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\/24918","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\/140150"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24918"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/24918\/revisions"}],"predecessor-version":[{"id":24919,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/24918\/revisions\/24919"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24918"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}