{"id":24948,"date":"2026-03-22T15:31:41","date_gmt":"2026-03-22T10:01:41","guid":{"rendered":"http:\/\/www.sachdevajk.in\/?p=24948"},"modified":"2026-03-22T15:31:41","modified_gmt":"2026-03-22T10:01:41","slug":"relationship-of-nifty-50-with-safari-industries-india-ltd","status":"publish","type":"post","link":"http:\/\/www.sachdevajk.in\/?p=24948","title":{"rendered":"Relationship of Nifty 50 with Safari Industries India Ltd."},"content":{"rendered":"<p class=\"MsoNormal\"><span style=\"font-family: 'Arial',sans-serif\"><strong>Title<\/strong>: Relationship of Nifty 50 with Safari Industries India Ltd.<\/p>\n<p><strong>Author:<\/strong> Shreya Umesh Poojari (40)<br \/><\/span><span lang=\"EN-GB\" style=\"font-family: 'Arial',sans-serif\"><br \/><\/span><b><span style=\"font-family: 'Arial',sans-serif\">1. Introduction:<\/span><\/b><span lang=\"EN-GB\" style=\"font-family: 'Arial',sans-serif\"><br \/><\/span><span style=\"font-family: 'Arial',sans-serif\">Safari Industries has been crafting quality luggage, backpacks, school bags, fashion bags, and travel accessories for over a decade. With brands like Safari, Genius, Genie, and Magnum, it brings thoughtfully designed products to travellers across India. Headquartered in Mumbai, powered by 1,800 passionate Safarians and driven by ambition to become India\u2019s No. 1 Bags Company, targeting \u20b91,000 crore in revenue. Recognized in the Financial Times Top 1000 Fastest Growing Companies in Asia-Pacific (2017), it continues to grow at a rapid pace.<\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-family: 'Arial',sans-serif\"><strong> 2. Objective:<\/strong><br \/>Calculation of Beta and observe its significance.<br \/><\/span><b><\/b><\/p>\n<p class=\"MsoNormal\"><b><span style=\"font-family: 'Arial',sans-serif\">3. Literature Review:<\/span><\/b><\/p>\n<ul>\n<li class=\"MsoNormal\"><b><span style=\"font-family: 'Arial',sans-serif\">Market Positioning <\/span><\/b><\/li>\n<\/ul>\n<p class=\"MsoNormal\"><b><\/b><span style=\"font-family: 'Arial',sans-serif\">Safari is recognized for its &#8220;value-for-money&#8221; focus, successfully transitioning consumers from soft-sided to durable hard-sided luggage. <b>Way2Wealth (2024<\/b>) suggests their &#8220;Digital First&#8221; strategy has secured a dominant position in Indian e-commerce channels.<\/span><\/p>\n<ul>\n<li class=\"MsoNormal\"><b><span style=\"font-family: 'Arial',sans-serif\">Financial Agility<\/span><\/b><\/li>\n<\/ul>\n<p class=\"MsoNormal\"><span style=\"font-family: 'Arial',sans-serif\">Comparative literature identifies Safari as a leader in inventory management, maintaining a leaner balance sheet than its primary competitors. <b>Trendlyne (2026)<\/b> observes that this operational agility has supported consistent double-digit revenue growth.<\/span><\/p>\n<p class=\"MsoNormal\"><b><span style=\"font-family: 'Arial',sans-serif\">\u00a0<\/span><\/b><b style=\"font-family: Arial, sans-serif;font-size: 11pt\"><span style=\"font-size: 11pt;line-height: 107%\">4. Data Collection:<\/span><\/b><\/p>\n<p><span style=\"font-size: 11.0pt;line-height: 107%;font-family: 'Arial',sans-serif\"><span style=\"font-size: 11pt;line-height: 107%\"> Data for Nifty 50 And Safari Industries India Ltd. was downloaded from NSE India.com for the period of 1\/1\/2025 to 31\/12\/2025. Friday closing prices of Nifty 50 and Safari Industries India Ltd. was segregated. Weekly returns of Nifty 50 and Safari Industries India Ltd. were calculated. Weekly returns of Nifty 50 were taken as X and weekly returns of Safari Industries India Ltd. were taken as Y. Y was regressed on X.<br \/><\/span><\/span><\/p>\n<p><b><span style=\"font-family: 'Arial',sans-serif\">5. Data Analysis:<\/span><\/b><\/p>\n<p><span style=\"font-family: Arial, sans-serif\">The following data was derived for the taken time period:<\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-family: 'Arial',sans-serif\"> No of observation: 48<\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-family: 'Arial',sans-serif\">Intercept: 0.5391<\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-family: 'Arial',sans-serif\">Beta: 0.4986X<\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-family: 'Arial',sans-serif\">t Stat (Beta): 1.2973<\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-family: 'Arial',sans-serif\">R Square: 0.0353<\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-family: 'Arial',sans-serif\">F: 1.6831<\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-family: 'Arial',sans-serif\">P value: 0.2010 (Since P &gt; 0.05, the relationship is not statistically significant)<\/span><\/p>\n<p class=\"MsoNoSpacing\">\u00a0<b><\/b><b><span style=\"font-family: 'Arial',sans-serif\">6. Interpretation:<\/span><\/b><\/p>\n<p class=\"MsoNormal\"><span style=\"font-family: 'Arial',sans-serif\"> The regression equation obtained is:<\/span><\/p>\n<p class=\"MsoNormal\" style=\"text-align: justify\"><span style=\"font-family: 'Arial',sans-serif\">Y = 0.5391 + 0.4986 X<\/span><\/p>\n<p class=\"MsoNormal\" style=\"text-align: left\"><span style=\"font-family: 'Arial',sans-serif\">The equation indicates the relationship between Market Return (X) and Safari Industries India Ltd. Return (Y). <\/span><span style=\"font-family: 'Arial',sans-serif\">The R Square value is 0.0353, which means 3.53% of the variance in returns is explained by market return. The remaining 96.47% is due to other factors not included in the model. model. The<\/span><span style=\"font-family: 'Arial',sans-serif\"> F value is 1.6831 and its significance value is 0.2010, which is greater than 0.05, hence the model is not statistically significant.\u00a0<\/span><span style=\"font-family: 'Arial',sans-serif\">The p-value of the coefficient is 0.2010, which is greater than 0.05, indicating that market return does not have a significant impact on stock return. <\/span><span style=\"font-family: 'Arial',sans-serif\">The intercept is 0.5391, which means if market return is 0, then return on the Safari will be 53.91%. The<\/span><span style=\"font-family: 'Arial',sans-serif\">\u00a0beta (coefficient of X) is 0.4986, meaning for every 1 unit increase in market return, Safari\u2019s return increases by 0.4986 units. <\/span><span style=\"font-family: Arial, sans-serif;font-size: 11pt\">The number of observations is 48.<\/span><\/p>\n<p style=\"text-align: left\"><b><span style=\"font-size: 11.0pt;line-height: 107%;font-family: 'Arial',sans-serif\">7. Conclusion:<\/span><\/b><span style=\"font-size: 11.0pt;line-height: 107%;font-family: 'Arial',sans-serif\"><br \/>The beta (coefficient of X) for the stock is 0.4986. This is lower than the market beta of 1, indicating that the stock is less volatile and suitable for long-term investment.<br \/><\/span><\/p>\n<p class=\"MsoNormal\"><b><span style=\"font-family: 'Arial',sans-serif\">8. Reference:<\/span><\/b><span style=\"font-family: 'Arial',sans-serif\"><br \/>Trendlyne. (2026),Safari Industries (India) Ltd: Stock Analysis and Financial Fundamentals, Markets Data. <\/span><\/p>\n<p class=\"MsoNormal\"><span style=\"font-family: 'Arial',sans-serif\">Way2Wealth Brokers. (2024), Safari Industries (India) Ltd. \u2013 Quick Insight, Sector Analysis Report.<\/span><\/p>\n<p>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Title: Relationship of Nifty 50 with Safari Industries India Ltd. Author: Shreya Umesh Poojari (40)1. Introduction:Safari Industries has been crafting quality luggage, backpacks, school bags, fashion bags, and travel accessories for over a decade. With brands like Safari, Genius, Genie, and Magnum, it brings thoughtfully designed products to travellers across India. Headquartered in Mumbai, powered&hellip; <a class=\"more-link\" href=\"http:\/\/www.sachdevajk.in\/?p=24948\">Continue reading <span class=\"screen-reader-text\">Relationship of Nifty 50 with Safari Industries India Ltd.<\/span><\/a><\/p>\n","protected":false},"author":140116,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-24948","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\/24948","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\/140116"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24948"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/24948\/revisions"}],"predecessor-version":[{"id":24949,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/24948\/revisions\/24949"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24948"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24948"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24948"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}