<\/p>\n
Title: <\/span><\/b>Relationship of nifty fifty with astral limited<\/span><\/b><\/p>\n \u00a0<\/span><\/p>\n Author<\/span><\/b>: <\/span>Aditya Jadhav (11)<\/span><\/p>\n \u00a0<\/span><\/p>\n Introduction<\/span><\/u><\/b>: <\/span><\/b><\/p>\n Astral Limited is a leading Indian company engaged in the manufacturing of piping systems and adhesive solutions.Established in 1996, the company has emerged as a key player in the building materials and infrastructure industry.It offers a diverse range of products including CPVC and PVC pipes, water storage tanks, and construction adhesives.Astral is widely recognized for its innovation, superior quality, and extensive distribution network across India.Over the years, the company has achieved consistent growth and has expanded its presence in both domestic and international markets.<\/b><\/span><\/p>\n \u00a0<\/span><\/b><\/p>\n Objective<\/span><\/u><\/b>:<\/span><\/b> Calculation of beta and observe its significance.<\/span><\/p>\n \u00a0<\/span><\/p>\n Literature review<\/span><\/u><\/b>:<\/span><\/b><\/p>\n 1)\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span><\/b>Sharma and Kulkarni (2024) examined the application of the Capital Asset Pricing Model (CAPM) on selected Nifty 50 companies using a Single Index Model approach. The study found that beta serves as a crucial indicator in measuring systematic risk and is instrumental in ranking stocks based on risk-return trade-offs. It also highlighted that stocks with higher beta tend to <\/span>provide<\/span> higher returns, validating the risk-return relationship suggested by CAPM.<\/b><\/span><\/p>\n \u00a0<\/span><\/p>\n 2)\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span><\/b>Patel and Verma (2023) analyzed the performance of high beta stocks in comparison with the Nifty 50 index and concluded that beta significantly influences stock volatility and sensitivity to market movements. The study revealed that high beta stocks exhibit greater fluctuations than the market index, indicating that systematic risk plays a vital role in determining stock behavior during different market conditions<\/span>.<\/span><\/p>\n \u00a0<\/span><\/p>\n Data collection<\/span><\/u><\/b>:<\/span><\/b><\/p>\n Data for nifty fifty and astral limited was downloaded from <\/span>www.nseindia.com<\/span><\/a><\/span> for the period 1-1-25 to 31-12-25. Friday closing price for nifty fifty and astral limited was segregated. Weekly returns of nifty fifty and astral limited were calculated. Weekly returns of nifty fifty were taken as X and Weekly returns of astral limited were taken as Y. Y was regressed on X. <\/span><\/p>\n \u00a0<\/span><\/span><\/u><\/p>\n Data Analysis:<\/span><\/u><\/b><\/p>\n Y= <\/span>\u2212<\/span>0.4264 + 0.9580X<\/span><\/p>\n N = 48,\u00a0\u00a0\u00a0 <\/span>R2 <\/sup>= 0.1915,\u00a0\u00a0\u00a0\u00a0 <\/span>F =10.8960,\u00a0\u00a0\u00a0\u00a0 <\/span>t Stat = 3.3009,\u00a0\u00a0\u00a0\u00a0 <\/span>P-value = 0.001868<\/span><\/p>\n The above Equation shows the relationship between Nifty 50 and <\/span>astral limited.<\/span> Positive means their Direct relation which means if Nifty 50 rises <\/span>astral limited <\/span>stock rise and vice versa. If Nifty 50 increases by 1 unit, the <\/span>astral limited<\/span> stock increases by 0.95 unit.<\/span> Number of observations is 48. T-stat for beta is 3.3009. The P value is 0.001868 less than 0.5 meaning Beta is statistically significant at 5% level.<\/span><\/span> R square is 0.1915 meaning 19.15% is the error due to the variable not included in model<\/span>. <\/span>F is 10.8960 and P value is 0.001868 less than 0.5 meaning Beta is statistically significant at 5% level.<\/span><\/p>\n \u00a0<\/span><\/p>\n Conclusion:<\/span><\/u><\/b><\/p>\n B<1 , Hence invest for long term if Nifty 50 rise<\/span><\/p>\n \u00a0<\/span><\/p>\n Reference<\/span><\/u><\/b>:<\/span><\/b><\/p>\n 1.\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span><\/b>Kumar, S. (2025). The empirical performance of the CAPM on NSE Nifty 50<\/span><\/b><\/p>\n 2.\u00a0\u00a0\u00a0\u00a0 <\/span><\/span><\/span><\/b>Malayappan, R. (2025). Single index model<\/span><\/b><\/p>\n \u00a0<\/span><\/sup><\/p>\n \u00a0 <\/span><\/span><\/sup><\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" Title: Relationship of nifty fifty with astral limited \u00a0 Author: Aditya Jadhav (11) \u00a0 Introduction: Astral Limited is a leading Indian company engaged in the manufacturing of piping systems and adhesive solutions.Established in 1996, the company has emerged as a key player in the building materials and infrastructure industry.It offers a diverse range of products… Continue reading Relationship of nifty fifty with astral limited<\/span><\/a><\/p>\n","protected":false},"author":140207,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-25077","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\/25077","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\/140207"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25077"}],"version-history":[{"count":1,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/25077\/revisions"}],"predecessor-version":[{"id":25078,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=\/wp\/v2\/posts\/25077\/revisions\/25078"}],"wp:attachment":[{"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25077"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sachdevajk.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}