Industry Tyres

Industry Beta -0.191532391011776

PGP ID Name Company Chosen Levered Beta Unlevered Beta

AMB16047 Perli Pavan CEAT Tyres 0.16 0.13
PGP35261 G Venkata Raghuvansh Patnaik MRF -0.34 -0.27
PGP35273 Medha Verma Apollo Tyres -0.34 -0.27
PGP35280 Priya Choudhary GoodYear -0.34 -0.27
PGP35297 Tarigopula Pavan JK Tyres -0.34 -0.27
 CEAT Tyres S&P 500
Date Weekly Closing Return Date Weekly Closing Return
Mar 31, 2019 1,125.70 0.13% Mar 31, 2019 15,304.57 1.68%
Mar 24, 2019 1,124.25 0.81% Mar 24, 2019 15,051.35 0.04%
Mar 17, 2019 1,115.25 -4.26% Mar 17, 2019 15,045.28 3.11%
Mar 10, 2019 1,164.85 3.40% Mar 10, 2019 14,591.91 1.91%
Mar 03, 2019 1,126.55 1.45% Mar 03, 2019 14,319.03 1.29%
Feb 24, 2019 1,110.50 4.55% Feb 24, 2019 14,136.76 1.02%
Feb 17, 2019 1,062.20 -0.37% Feb 17, 2019 13,994.20 -2.30%
Feb 10, 2019 1,066.15 -3.53% Feb 10, 2019 14,323.79 -0.27%
Feb 03, 2019 1,105.20 0.61% Feb 03, 2019 14,361.85 0.71%
Jan 27, 2019 1,098.45 -7.60% Jan 27, 2019 14,260.83 -1.57%
Jan 20, 2019 1,188.75 -3.53% Jan 20, 2019 14,488.81 0.46%
Jan 13, 2019 1,232.20 -2.83% Jan 13, 2019 14,422.98 0.47%
Jan 06, 2019 1,268.05 -3.02% Jan 06, 2019 14,355.02 -1.11%
Dec 30, 2018 1,307.55 0.91% Dec 30, 2018 14,516.04 0.80%
Dec 23, 2018 1,295.80 -1.78% Dec 23, 2018 14,401.20 -0.08%
Dec 16, 2018 1,319.35 0.76% Dec 16, 2018 14,412.03 1.70%
Dec 09, 2018 1,309.40 4.89% Dec 09, 2018 14,170.58 -1.79%
Dec 02, 2018 1,248.30 -1.15% Dec 02, 2018 14,429.00 2.48%
Nov 25, 2018 1,262.80 1.98% Nov 25, 2018 14,079.47 -1.19%
Nov 18, 2018 1,238.25 -1.16% Nov 18, 2018 14,249.66 0.45%
Nov 11, 2018 1,252.80 1.85% Nov 11, 2018 14,185.40 0.51%
Nov 04, 2018 1,230.10 4.09% Nov 04, 2018 14,112.76 5.69%
Oct 28, 2018 1,181.75 6.81% Oct 28, 2018 13,352.53 -2.57%
Oct 21, 2018 1,106.45 0.35% Oct 21, 2018 13,704.74 -1.45%
Oct 14, 2018 1,102.55 0.56% Oct 14, 2018 13,906.10 1.58%
Oct 07, 2018 1,096.45 4.53% Oct 07, 2018 13,689.97 -5.23%
Sep 30, 2018 1,048.90 -8.11% Sep 30, 2018 14,445.89 -3.34%
Sep 23, 2018 1,141.50 -10.72% Sep 23, 2018 14,945.39 -3.75%
Sep 16, 2018 1,278.60 -8.21% Sep 16, 2018 15,528.44 -0.84%
Sep 09, 2018 1,393.00 -0.44% Sep 09, 2018 15,659.97 -1.18%
Sep 02, 2018 1,399.20 0.86% Sep 02, 2018 15,846.20 1.39%
Aug 26, 2018 1,387.25 -0.58% Aug 26, 2018 15,629.21 0.86%
Aug 19, 2018 1,395.40 -2.94% Aug 19, 2018 15,495.21 0.47%
Aug 12, 2018 1,437.65 2.69% Aug 12, 2018 15,423.22 0.40%
Aug 05, 2018 1,399.95 -0.30% Aug 05, 2018 15,361.14 1.05%
Jul 29, 2018 1,404.15 1.01% Jul 29, 2018 15,200.81 3.16%
Jul 22, 2018 1,390.05 2.50% Jul 22, 2018 14,735.33 -0.62%
Jul 15, 2018 1,356.15 6.63% Jul 15, 2018 14,826.58 1.64%
Jul 08, 2018 1,271.80 -2.24% Jul 08, 2018 14,587.74 0.41%
Jul 01, 2018 1,300.95 3.32% Jul 01, 2018 14,528.54 -1.46%
Jun 24, 2018 1,259.15 -4.98% Jun 24, 2018 14,743.27 -0.47%
Jun 17, 2018 1,325.10 -0.82% Jun 17, 2018 14,813.40 0.30%
Jun 10, 2018 1,336.05 -1.80% Jun 10, 2018 14,768.92 0.65%
Jun 03, 2018 1,360.55 1.84% Jun 03, 2018 14,673.56 0.36%
May 27, 2018 1,335.95 -1.62% May 27, 2018 14,620.27 0.11%
May 20, 2018 1,357.95 -1.39% May 20, 2018 14,603.81 -2.17%
May 13, 2018 1,377.10 -4.25% May 13, 2018 14,928.11 0.84%
May 06, 2018 1,438.15 -4.47% May 06, 2018 14,803.81 -1.05%
Apr 29, 2018 1,505.50 -3.50% Apr 29, 2018 14,961.35 0.97%
Apr 22, 2018 1,560.05 -1.35% Apr 22, 2018 14,817.83 0.91%
Apr 15, 2018 1,581.40 -0.73% Apr 15, 2018 14,684.22 1.09%
Apr 08, 2018 1,593.00 -3.40% Apr 08, 2018 14,526.25 2.84%
Apr 01, 2018 1,649.05 9.81% Apr 01, 2018 14,125.53 1.35%
Mar 25, 2018 1,501.75 5.14% Mar 25, 2018 13,937.09 -2.38%
Mar 18, 2018 1,428.40 -9.23% Mar 18, 2018 14,276.76 0.30%
Mar 11, 2018 1,573.70 1.68% Mar 11, 2018 14,234.38 -2.58%
Mar 04, 2018 1,547.75 -2.08% Mar 04, 2018 14,611.24 -0.20%
Feb 25, 2018 1,580.60 -2.22% Feb 25, 2018 14,639.90 0.17%
Feb 18, 2018 1,616.55 -0.79% Feb 18, 2018 14,614.53 -0.24%
Feb 11, 2018 1,629.40 5.26% Feb 11, 2018 14,649.94 -1.59%
Feb 04, 2018 1,548.00 -6.20% Feb 04, 2018 14,886.09 -4.05%
Jan 28, 2018 1,650.30 -10.14% Jan 28, 2018 15,514.22 0.88%
Jan 21, 2018 1,836.60 -1.71% Jan 21, 2018 15,378.91 0.62%
Jan 14, 2018 1,868.60 -5.35% Jan 14, 2018 15,283.93 0.96%
Jan 07, 2018 1,974.30 -0.12% Jan 07, 2018 15,137.99 0.90%
Dec 31, 2017 1,976.75 1.34% Dec 31, 2017 15,002.73 0.63%
Dec 24, 2017 1,950.70 0.12% Dec 24, 2017 14,908.09 2.21%
Dec 17, 2017 1,948.45 9.93% Dec 17, 2017 14,586.05 0.35%
Dec 10, 2017 1,772.40 1.84% Dec 10, 2017 14,535.58 1.38%
Dec 03, 2017 1,740.45 -0.18% Dec 03, 2017 14,338.18 -1.99%
Nov 26, 2017 1,743.60 -4.25% Nov 26, 2017 14,628.58 1.21%
Nov 19, 2017 1,821.00 2.48% Nov 19, 2017 14,454.33 -0.21%
Nov 12, 2017 1,776.95 2.21% Nov 12, 2017 14,484.86 -1.18%
Nov 05, 2017 1,738.55 2.57% Nov 05, 2017 14,657.91 1.75%
Oct 29, 2017 1,695.05 0.62% Oct 29, 2017 14,405.17 1.77%
Oct 22, 2017 1,684.55 -1.97% Oct 22, 2017 14,154.57 0.05%
Oct 15, 2017 1,718.45 -0.54% Oct 15, 2017 14,146.89 1.70%
Oct 08, 2017 1,727.75 -0.98% Oct 08, 2017 13,910.16 2.20%
Oct 01, 2017 1,744.85 1.79% Oct 01, 2017 13,610.70 -1.62%
Sep 24, 2017 1,714.25 -1.09% Sep 24, 2017 13,834.58 -1.73%
Sep 17, 2017 1,733.20 -1.61% Sep 17, 2017 14,077.60 1.65%
Sep 10, 2017 1,761.65 2.17% Sep 10, 2017 13,848.84 -0.06%
Sep 03, 2017 1,724.30 -0.43% Sep 03, 2017 13,857.59 1.77%
Aug 27, 2017 1,731.75 4.94% Aug 27, 2017 13,617.08 0.16%
Aug 20, 2017 1,650.20 -3.08% Aug 20, 2017 13,595.73 1.95%
Aug 13, 2017 1,702.60 0.45% Aug 13, 2017 13,336.33 -3.92%
Aug 06, 2017 1,694.90 -2.26% Aug 06, 2017 13,879.81 0.37%
Jul 30, 2017 1,734.10 -6.44% Jul 30, 2017 13,828.51 0.90%
Jul 23, 2017 1,853.50 0.29% Jul 23, 2017 13,704.49 0.32%
Jul 16, 2017 1,848.05 -1.42% Jul 16, 2017 13,660.58 1.87%
Jul 09, 2017 1,874.70 -1.34% Jul 09, 2017 13,409.25 1.75%
Jul 02, 2017 1,900.20 5.79% Jul 02, 2017 13,178.45 -0.22%
Jun 25, 2017 1,796.15 -0.65% Jun 25, 2017 13,207.78 -0.60%
Jun 18, 2017 1,807.85 -2.85% Jun 18, 2017 13,287.83 -0.50%
Jun 11, 2017 1,860.85 -2.43% Jun 11, 2017 13,355.15 0.49%
Jun 04, 2017 1,907.20 3.21% Jun 04, 2017 13,290.23 0.95%
May 28, 2017 1,847.90 9.80% May 28, 2017 13,164.84 0.87%
May 21, 2017 1,682.90 -5.19% May 21, 2017 13,051.03 -0.47%
May 14, 2017 1,775.10 9.17% May 14, 2017 13,112.98 1.29%
May 07, 2017 1,626.00 -2.28% May 07, 2017 12,945.57 -0.26%
Apr 30, 2017 1,663.95 9.41% Apr 30, 2017 12,979.24 1.96%
Apr 23, 2017 1,520.80 5.11% Apr 23, 2017 12,729.13 0.14%
Apr 16, 2017 1,446.85 0.06% Apr 16, 2017 12,710.75 -0.01%
Apr 09, 2017 1,445.95 5.13% Apr 09, 2017 12,712.39 0.64%
Apr 02, 2017 1,375.40 3.87% Apr 02, 2017 12,631.90 1.17%
Mar 26, 2017 1,324.15 0.30% Mar 26, 2017 12,485.43 -0.31%
Mar 19, 2017 1,320.20 4.20% Mar 19, 2017 12,524.81 2.86%
Mar 12, 2017 1,267.00 9.87% Mar 12, 2017 12,176.27 0.16%
Mar 05, 2017 1,153.15 -1.06% Mar 05, 2017 12,156.62 -0.46%
Feb 26, 2017 1,165.50 0.71% Feb 26, 2017 12,212.80 1.20%
Feb 19, 2017 1,157.30 2.42% Feb 19, 2017 12,068.00 0.12%
Feb 12, 2017 1,129.90 -1.70% Feb 12, 2017 12,053.91 0.79%
Feb 05, 2017 1,149.45 -3.68% Feb 05, 2017 11,959.40 1.50%
Jan 29, 2017 1,193.35 -1.00% Jan 29, 2017 11,783.09 3.46%
Jan 22, 2017 1,205.40 2.63% Jan 22, 2017 11,388.54 -0.31%
Jan 15, 2017 1,174.50 -2.00% Jan 15, 2017 11,423.49 2.00%
Jan 08, 2017 1,198.50 0.13% Jan 08, 2017 11,199.51 1.48%
Jan 01, 2017 1,197.00 2.93% Jan 01, 2017 11,036.44 2.37%
Dec 25, 2016 1,162.90 1.75% Dec 25, 2016 10,781.37 -2.27%
Dec 18, 2016 1,142.95 -8.37% Dec 18, 2016 11,031.97 -1.74%
Dec 11, 2016 1,247.30 -2.45% Dec 11, 2016 11,227.73 2.17%
Dec 04, 2016 1,278.60 3.80% Dec 04, 2016 10,989.25 -0.14%
Nov 27, 2016 1,231.80 6.09% Nov 27, 2016 11,005.09 0.77%
Nov 20, 2016 1,161.05 -3.86% Nov 20, 2016 10,920.98 -3.10%
Nov 13, 2016 1,207.70 -5.33% Nov 13, 2016 11,270.49 -2.04%
Nov 06, 2016 1,275.65 6.28% Nov 06, 2016 11,504.86 -3.42%
Oct 30, 2016 1,200.25 -1.12% Oct 30, 2016 11,912.35 -0.15%
Oct 23, 2016 1,213.85 -7.67% Oct 23, 2016 11,929.72 1.32%
Oct 16, 2016 1,314.75 -4.38% Oct 16, 2016 11,774.60 -1.12%
Oct 09, 2016 1,375.00 0.18% Oct 09, 2016 11,907.81 1.77%
Oct 02, 2016 1,372.55 3.66% Oct 02, 2016 11,700.65 -2.07%
Sep 25, 2016 1,324.10 11.93% Sep 25, 2016 11,947.61 0.90%
Sep 18, 2016 1,182.95 11.18% Sep 18, 2016 11,840.67 -1.10%
Sep 11, 2016 1,064.00 2.84% Sep 11, 2016 11,972.58 1.03%
Sep 04, 2016 1,034.65 8.49% Sep 04, 2016 11,851.03 2.24%
Aug 28, 2016 953.65 10.10% Aug 28, 2016 11,591.88 -0.76%
Aug 21, 2016 866.15 0.16% Aug 21, 2016 11,681.18 0.71%
Aug 14, 2016 864.8 -1.47% Aug 14, 2016 11,598.51 -0.25%
Aug 07, 2016 877.7 -3.37% Aug 07, 2016 11,627.71 0.36%
Jul 31, 2016 908.3 5.32% Jul 31, 2016 11,585.96 1.45%
Jul 24, 2016 862.4 -2.59% Jul 24, 2016 11,420.35 0.52%
Jul 17, 2016 885.3 2.94% Jul 17, 2016 11,361.58 2.15%
Jul 10, 2016 860 1.09% Jul 10, 2016 11,122.45 0.15%
Jul 03, 2016 850.7 -1.26% Jul 03, 2016 11,106.31 3.73%
Jun 26, 2016 861.55 11.44% Jun 26, 2016 10,707.39 -0.91%
Jun 19, 2016 773.1 -7.10% Jun 19, 2016 10,805.87 0.04%
Jun 12, 2016 832.2 -6.69% Jun 12, 2016 10,801.59 -0.15%
Jun 05, 2016 891.9 -0.96% Jun 05, 2016 10,817.38 0.72%
May 29, 2016 900.55 -2.89% May 29, 2016 10,739.61 4.34%
May 22, 2016 927.35 -2.03% May 22, 2016 10,292.45 -1.03%
May 15, 2016 946.6 -6.69% May 15, 2016 10,399.54 1.24%
May 08, 2016 1,014.45 -2.76% May 08, 2016 10,271.89 -1.29%
May 01, 2016 1,043.20 -4.96% May 01, 2016 10,406.12 -0.60%
Apr 24, 2016 1,097.70 -0.53% Apr 24, 2016 10,468.76 0.83%
Apr 17, 2016 1,103.55 -1.81% Apr 17, 2016 10,382.73 3.53%
Apr 10, 2016 1,123.90 3.97% Apr 10, 2016 10,028.48 -1.48%
Apr 03, 2016 1,080.95 0.87% Apr 03, 2016 10,179.64 0.41%
Highest: 307.15 Lowest: 139.35 Highest: 15,937.92 Lowest: 9,948.57
BETA ANLAYSIS
SUMMARY OUTPUT

Regression Statistics
Multiple R 0.059867451487203
R Square 0.003584111747573
Adjusted R Square -0.00284437785406
Standard Error 0.044695335299139
Observations 157

ANOVA
df SS MS F Significance F
Regression 1 0.00111377379 0.0011137738 0.557535591 0.4563859836
Residual 155 0.30963931461 0.001997673
Total 156 0.31075308841

Coefficients Standard Error t Stat P-value Lower 95%

Intercept 0.000855635587611 0.00361567957 0.2366458563 0.813243994 -0.006286731
X Variable 1 0.159597264389474 0.21374164372 0.7466830591 0.456385984 -0.262625228

2. Unlevered Beta Calculation

Levered Beta 0.16

Corporate Tax Rate 35%

Closing Price 1124.25

(as on 29th March 2019 - Friday)
Shares Outstanding 40450092
Market Value of Equity 45,476,015,931
Reported Market Cap
(as per Annual Report)

Debt 14515000000

Unlevered Beta 0.13

Upper 95% Lower 99.0% Upper 99.0%
0.007998002 -0.008573767 0.0102850386
0.581819757 -0.397823839 0.7170183675
 MRF Tyres S&P 500
Date Weekly Closing Return Date Weekly Closing Return
Mar 31, 2019 223.4 0.74% Mar 31, 2019 15,304.57 1.68%
Mar 24, 2019 221.75 2.78% Mar 24, 2019 15,051.35 0.04%
Mar 17, 2019 215.75 -2.79% Mar 17, 2019 15,045.28 3.11%
Mar 10, 2019 221.95 4.45% Mar 10, 2019 14,591.91 1.91%
Mar 03, 2019 212.5 -3.39% Mar 03, 2019 14,319.03 1.29%
Feb 24, 2019 219.95 4.61% Feb 24, 2019 14,136.76 1.02%
Feb 17, 2019 210.25 4.84% Feb 17, 2019 13,994.20 -2.30%
Feb 10, 2019 200.55 -1.55% Feb 10, 2019 14,323.79 -0.27%
Feb 03, 2019 203.7 -2.26% Feb 03, 2019 14,361.85 0.71%
Jan 27, 2019 208.4 -1.28% Jan 27, 2019 14,260.83 -1.57%
Jan 20, 2019 211.1 -3.28% Jan 20, 2019 14,488.81 0.46%
Jan 13, 2019 218.25 -3.49% Jan 13, 2019 14,422.98 0.47%
Jan 06, 2019 226.15 -2.96% Jan 06, 2019 14,355.02 -1.11%
Dec 30, 2018 233.05 -0.79% Dec 30, 2018 14,516.04 0.80%
Dec 23, 2018 234.9 0.69% Dec 23, 2018 14,401.20 -0.08%
Dec 16, 2018 233.3 -0.87% Dec 16, 2018 14,412.03 1.70%
Dec 09, 2018 235.35 4.34% Dec 09, 2018 14,170.58 -1.79%
Dec 02, 2018 225.55 -5.39% Dec 02, 2018 14,429.00 2.48%
Nov 25, 2018 238.4 8.86% Nov 25, 2018 14,079.47 -1.19%
Nov 18, 2018 219 -3.35% Nov 18, 2018 14,249.66 0.45%
Nov 11, 2018 226.6 2.30% Nov 11, 2018 14,185.40 0.51%
Nov 04, 2018 221.5 0.52% Nov 04, 2018 14,112.76 5.69%
Oct 28, 2018 220.35 6.24% Oct 28, 2018 13,352.53 -2.57%
Oct 21, 2018 207.4 0.63% Oct 21, 2018 13,704.74 -1.45%
Oct 14, 2018 206.1 -4.72% Oct 14, 2018 13,906.10 1.58%
Oct 07, 2018 216.3 9.27% Oct 07, 2018 13,689.97 -5.23%
Sep 30, 2018 197.95 -6.78% Sep 30, 2018 14,445.89 -3.34%
Sep 23, 2018 212.35 -8.37% Sep 23, 2018 14,945.39 -3.75%
Sep 16, 2018 231.75 -3.96% Sep 16, 2018 15,528.44 -0.84%
Sep 09, 2018 241.3 -2.41% Sep 09, 2018 15,659.97 -1.18%
Sep 02, 2018 247.25 -1.63% Sep 02, 2018 15,846.20 1.39%
Aug 26, 2018 251.35 -3.72% Aug 26, 2018 15,629.21 0.86%
Aug 19, 2018 261.05 -2.01% Aug 19, 2018 15,495.21 0.47%
Aug 12, 2018 266.4 0.95% Aug 12, 2018 15,423.22 0.40%
Aug 05, 2018 263.9 -7.89% Aug 05, 2018 15,361.14 1.05%
Jul 29, 2018 286.5 -1.36% Jul 29, 2018 15,200.81 3.16%
Jul 22, 2018 290.45 3.71% Jul 22, 2018 14,735.33 -0.62%
Jul 15, 2018 280.05 4.38% Jul 15, 2018 14,826.58 1.64%
Jul 08, 2018 268.3 2.92% Jul 08, 2018 14,587.74 0.41%
Jul 01, 2018 260.7 2.18% Jul 01, 2018 14,528.54 -1.46%
Jun 24, 2018 255.15 -6.56% Jun 24, 2018 14,743.27 -0.47%
Jun 17, 2018 273.05 1.39% Jun 17, 2018 14,813.40 0.30%
Jun 10, 2018 269.3 -2.30% Jun 10, 2018 14,768.92 0.65%
Jun 03, 2018 275.65 3.76% Jun 03, 2018 14,673.56 0.36%
May 27, 2018 265.65 -4.84% May 27, 2018 14,620.27 0.11%
May 20, 2018 279.15 -2.41% May 20, 2018 14,603.81 -2.17%
May 13, 2018 286.05 2.55% May 13, 2018 14,928.11 0.84%
May 06, 2018 278.95 -2.41% May 06, 2018 14,803.81 -1.05%
Apr 29, 2018 285.85 -2.09% Apr 29, 2018 14,961.35 0.97%
Apr 22, 2018 291.95 1.41% Apr 22, 2018 14,817.83 0.91%
Apr 15, 2018 287.9 -2.57% Apr 15, 2018 14,684.22 1.09%
Apr 08, 2018 295.5 0.27% Apr 08, 2018 14,526.25 2.84%
Apr 01, 2018 294.7 7.01% Apr 01, 2018 14,125.53 1.35%
Mar 25, 2018 275.4 7.10% Mar 25, 2018 13,937.09 -2.38%
Mar 18, 2018 257.15 -3.02% Mar 18, 2018 14,276.76 0.30%
Mar 11, 2018 265.15 2.32% Mar 11, 2018 14,234.38 -2.58%
Mar 04, 2018 259.15 -2.61% Mar 04, 2018 14,611.24 -0.20%
Feb 25, 2018 266.1 -1.11% Feb 25, 2018 14,639.90 0.17%
Feb 18, 2018 269.1 2.95% Feb 18, 2018 14,614.53 -0.24%
Feb 11, 2018 261.4 -3.38% Feb 11, 2018 14,649.94 -1.59%
Feb 04, 2018 270.55 8.35% Feb 04, 2018 14,886.09 -4.05%
Jan 28, 2018 249.7 -4.97% Jan 28, 2018 15,514.22 0.88%
Jan 21, 2018 262.75 -0.79% Jan 21, 2018 15,378.91 0.62%
Jan 14, 2018 264.85 -4.99% Jan 14, 2018 15,283.93 0.96%
Jan 07, 2018 278.75 -0.98% Jan 07, 2018 15,137.99 0.90%
Dec 31, 2017 281.5 4.72% Dec 31, 2017 15,002.73 0.63%
Dec 24, 2017 268.8 1.59% Dec 24, 2017 14,908.09 2.21%
Dec 17, 2017 264.6 6.03% Dec 17, 2017 14,586.05 0.35%
Dec 10, 2017 249.55 0.75% Dec 10, 2017 14,535.58 1.38%
Dec 03, 2017 247.7 1.56% Dec 03, 2017 14,338.18 -1.99%
Nov 26, 2017 243.9 -3.75% Nov 26, 2017 14,628.58 1.21%
Nov 19, 2017 253.4 7.24% Nov 19, 2017 14,454.33 -0.21%
Nov 12, 2017 236.3 0.47% Nov 12, 2017 14,484.86 -1.18%
Nov 05, 2017 235.2 -0.49% Nov 05, 2017 14,657.91 1.75%
Oct 29, 2017 236.35 -2.96% Oct 29, 2017 14,405.17 1.77%
Oct 22, 2017 243.55 0.91% Oct 22, 2017 14,154.57 0.05%
Oct 15, 2017 241.35 -0.19% Oct 15, 2017 14,146.89 1.70%
Oct 08, 2017 241.8 -0.25% Oct 08, 2017 13,910.16 2.20%
Oct 01, 2017 242.4 -1.04% Oct 01, 2017 13,610.70 -1.62%
Sep 24, 2017 244.95 -2.59% Sep 24, 2017 13,834.58 -1.73%
Sep 17, 2017 251.45 -1.95% Sep 17, 2017 14,077.60 1.65%
Sep 10, 2017 256.45 1.62% Sep 10, 2017 13,848.84 -0.06%
Sep 03, 2017 252.35 -1.50% Sep 03, 2017 13,857.59 1.77%
Aug 27, 2017 256.2 -0.16% Aug 27, 2017 13,617.08 0.16%
Aug 20, 2017 256.6 -4.84% Aug 20, 2017 13,595.73 1.95%
Aug 13, 2017 269.65 4.90% Aug 13, 2017 13,336.33 -3.92%
Aug 06, 2017 257.05 -2.02% Aug 06, 2017 13,879.81 0.37%
Jul 30, 2017 262.35 -0.23% Jul 30, 2017 13,828.51 0.90%
Jul 23, 2017 262.95 4.06% Jul 23, 2017 13,704.49 0.32%
Jul 16, 2017 252.7 0.66% Jul 16, 2017 13,660.58 1.87%
Jul 09, 2017 251.05 -2.84% Jul 09, 2017 13,409.25 1.75%
Jul 02, 2017 258.4 7.22% Jul 02, 2017 13,178.45 -0.22%
Jun 25, 2017 241 -2.43% Jun 25, 2017 13,207.78 -0.60%
Jun 18, 2017 247 -3.29% Jun 18, 2017 13,287.83 -0.50%
Jun 11, 2017 255.4 -0.91% Jun 11, 2017 13,355.15 0.49%
Jun 04, 2017 257.75 4.54% Jun 04, 2017 13,290.23 0.95%
May 28, 2017 246.55 6.16% May 28, 2017 13,164.84 0.87%
May 21, 2017 232.25 -0.96% May 21, 2017 13,051.03 -0.47%
May 14, 2017 234.5 3.17% May 14, 2017 13,112.98 1.29%
May 07, 2017 227.3 -7.38% May 07, 2017 12,945.57 -0.26%
Apr 30, 2017 245.4 0.53% Apr 30, 2017 12,979.24 1.96%
Apr 23, 2017 244.1 3.04% Apr 23, 2017 12,729.13 0.14%
Apr 16, 2017 236.9 6.52% Apr 16, 2017 12,710.75 -0.01%
Apr 09, 2017 222.4 4.54% Apr 09, 2017 12,712.39 0.64%
Apr 02, 2017 212.75 1.97% Apr 02, 2017 12,631.90 1.17%
Mar 26, 2017 208.65 -0.24% Mar 26, 2017 12,485.43 -0.31%
Mar 19, 2017 209.15 5.15% Mar 19, 2017 12,524.81 2.86%
Mar 12, 2017 198.9 11.15% Mar 12, 2017 12,176.27 0.16%
Mar 05, 2017 178.95 -2.27% Mar 05, 2017 12,156.62 -0.46%
Feb 26, 2017 183.1 -0.62% Feb 26, 2017 12,212.80 1.20%
Feb 19, 2017 184.25 2.82% Feb 19, 2017 12,068.00 0.12%
Feb 12, 2017 179.2 -1.73% Feb 12, 2017 12,053.91 0.79%
Feb 05, 2017 182.35 -0.52% Feb 05, 2017 11,959.40 1.50%
Jan 29, 2017 183.3 -1.98% Jan 29, 2017 11,783.09 3.46%
Jan 22, 2017 187 1.80% Jan 22, 2017 11,388.54 -0.31%
Jan 15, 2017 183.7 -2.26% Jan 15, 2017 11,423.49 2.00%
Jan 08, 2017 187.95 -0.40% Jan 08, 2017 11,199.51 1.48%
Jan 01, 2017 188.7 2.03% Jan 01, 2017 11,036.44 2.37%
Dec 25, 2016 184.95 -2.48% Dec 25, 2016 10,781.37 -2.27%
Dec 18, 2016 189.65 -2.52% Dec 18, 2016 11,031.97 -1.74%
Dec 11, 2016 194.55 -1.39% Dec 11, 2016 11,227.73 2.17%
Dec 04, 2016 197.3 8.17% Dec 04, 2016 10,989.25 -0.14%
Nov 27, 2016 182.4 0.86% Nov 27, 2016 11,005.09 0.77%
Nov 20, 2016 180.85 -4.29% Nov 20, 2016 10,920.98 -3.10%
Nov 13, 2016 188.95 -1.82% Nov 13, 2016 11,270.49 -2.04%
Nov 06, 2016 192.45 -0.57% Nov 06, 2016 11,504.86 -3.42%
Oct 30, 2016 193.55 -4.16% Oct 30, 2016 11,912.35 -0.15%
Oct 23, 2016 201.95 -5.23% Oct 23, 2016 11,929.72 1.32%
Oct 16, 2016 213.1 -2.02% Oct 16, 2016 11,774.60 -1.12%
Oct 09, 2016 217.5 -2.71% Oct 09, 2016 11,907.81 1.77%
Oct 02, 2016 223.55 1.52% Oct 02, 2016 11,700.65 -2.07%
Sep 25, 2016 220.2 -0.11% Sep 25, 2016 11,947.61 0.90%
Sep 18, 2016 220.45 3.35% Sep 18, 2016 11,840.67 -1.10%
Sep 11, 2016 213.3 0.21% Sep 11, 2016 11,972.58 1.03%
Sep 04, 2016 212.85 9.52% Sep 04, 2016 11,851.03 2.24%
Aug 28, 2016 194.35 9.96% Aug 28, 2016 11,591.88 -0.76%
Aug 21, 2016 176.75 0.83% Aug 21, 2016 11,681.18 0.71%
Aug 14, 2016 175.3 2.94% Aug 14, 2016 11,598.51 -0.25%
Aug 07, 2016 170.3 -2.69% Aug 07, 2016 11,627.71 0.36%
Jul 31, 2016 175 7.30% Jul 31, 2016 11,585.96 1.45%
Jul 24, 2016 163.1 3.33% Jul 24, 2016 11,420.35 0.52%
Jul 17, 2016 157.85 0.61% Jul 17, 2016 11,361.58 2.15%
Jul 10, 2016 156.9 4.39% Jul 10, 2016 11,122.45 0.15%
Jul 03, 2016 150.3 -2.59% Jul 03, 2016 11,106.31 3.73%
Jun 26, 2016 154.3 4.50% Jun 26, 2016 10,707.39 -0.91%
Jun 19, 2016 147.65 -0.84% Jun 19, 2016 10,805.87 0.04%
Jun 12, 2016 148.9 -0.93% Jun 12, 2016 10,801.59 -0.15%
Jun 05, 2016 150.3 -0.43% Jun 05, 2016 10,817.38 0.72%
May 29, 2016 150.95 -3.73% May 29, 2016 10,739.61 4.34%
May 22, 2016 156.8 3.19% May 22, 2016 10,292.45 -1.03%
May 15, 2016 151.95 -4.91% May 15, 2016 10,399.54 1.24%
May 08, 2016 159.8 0.76% May 08, 2016 10,271.89 -1.29%
May 01, 2016 158.6 -1.00% May 01, 2016 10,406.12 -0.60%
Apr 24, 2016 160.2 -1.63% Apr 24, 2016 10,468.76 0.83%
Apr 17, 2016 162.85 -3.89% Apr 17, 2016 10,382.73 3.53%
Apr 10, 2016 169.45 0.89% Apr 10, 2016 10,028.48 -1.48%
Apr 03, 2016 167.95 -3.70% Apr 03, 2016 10,179.64 0.41%
Highest: 307.15 Lowest: 139.35 Highest: 15,937.92 Lowest: 9,948.57
BETA ANLAYSIS
1. Summary Output

Regression Statistics
Multiple R 0.149238581575188
R Square 0.022272154230574
Adjusted R Square 0.015964232644965
Standard Error 0.038349766709221
Observations 157

ANOVA
df SS MS F Significance F
Regression 1 0.00519279756 0.0051927976 3.530822939 0.0621152796
Residual 155 0.22795921403 0.0014707046
Total 156 0.23315201159

Coefficients Standard Error t Stat P-value Lower 95%

Intercept 0.00326344368953 0.00310234764 1.0519271433 0.294470162 -0.002864894
X Variable 1 -0.34460981395458 0.1833959208 -1.879048413 0.06211528 -0.706887756

2. Unlevered Beta Calculation

Levered Beta -0.34

Corporate Tax Rate 35%

Closing Price 221.75

(as on 29th March 2019 - Friday)
Shares Outstanding 572,049,980
Market Value of Equity 126,852,083,065
Reported Market Cap 127,420,000,000
(as per Annual Report)

Debt 51,911,300,000

Unlevered Beta -0.27

Upper 95% Lower 95.0% Upper 95.0%
0.009391781 -0.002864894 0.0093917813
0.017668128 -0.706887756 0.0176681279
 Apollo Tyres S&P 500
Date Weekly Closing Return Date Weekly Closing Return
Mar 31, 2019 223.4 0.74% Mar 31, 2019 15,304.57 1.68%
Mar 24, 2019 221.75 2.78% Mar 24, 2019 15,051.35 0.04%
Mar 17, 2019 215.75 -2.79% Mar 17, 2019 15,045.28 3.11%
Mar 10, 2019 221.95 4.45% Mar 10, 2019 14,591.91 1.91%
Mar 03, 2019 212.5 -3.39% Mar 03, 2019 14,319.03 1.29%
Feb 24, 2019 219.95 4.61% Feb 24, 2019 14,136.76 1.02%
Feb 17, 2019 210.25 4.84% Feb 17, 2019 13,994.20 -2.30%
Feb 10, 2019 200.55 -1.55% Feb 10, 2019 14,323.79 -0.27%
Feb 03, 2019 203.7 -2.26% Feb 03, 2019 14,361.85 0.71%
Jan 27, 2019 208.4 -1.28% Jan 27, 2019 14,260.83 -1.57%
Jan 20, 2019 211.1 -3.28% Jan 20, 2019 14,488.81 0.46%
Jan 13, 2019 218.25 -3.49% Jan 13, 2019 14,422.98 0.47%
Jan 06, 2019 226.15 -2.96% Jan 06, 2019 14,355.02 -1.11%
Dec 30, 2018 233.05 -0.79% Dec 30, 2018 14,516.04 0.80%
Dec 23, 2018 234.9 0.69% Dec 23, 2018 14,401.20 -0.08%
Dec 16, 2018 233.3 -0.87% Dec 16, 2018 14,412.03 1.70%
Dec 09, 2018 235.35 4.34% Dec 09, 2018 14,170.58 -1.79%
Dec 02, 2018 225.55 -5.39% Dec 02, 2018 14,429.00 2.48%
Nov 25, 2018 238.4 8.86% Nov 25, 2018 14,079.47 -1.19%
Nov 18, 2018 219 -3.35% Nov 18, 2018 14,249.66 0.45%
Nov 11, 2018 226.6 2.30% Nov 11, 2018 14,185.40 0.51%
Nov 04, 2018 221.5 0.52% Nov 04, 2018 14,112.76 5.69%
Oct 28, 2018 220.35 6.24% Oct 28, 2018 13,352.53 -2.57%
Oct 21, 2018 207.4 0.63% Oct 21, 2018 13,704.74 -1.45%
Oct 14, 2018 206.1 -4.72% Oct 14, 2018 13,906.10 1.58%
Oct 07, 2018 216.3 9.27% Oct 07, 2018 13,689.97 -5.23%
Sep 30, 2018 197.95 -6.78% Sep 30, 2018 14,445.89 -3.34%
Sep 23, 2018 212.35 -8.37% Sep 23, 2018 14,945.39 -3.75%
Sep 16, 2018 231.75 -3.96% Sep 16, 2018 15,528.44 -0.84%
Sep 09, 2018 241.3 -2.41% Sep 09, 2018 15,659.97 -1.18%
Sep 02, 2018 247.25 -1.63% Sep 02, 2018 15,846.20 1.39%
Aug 26, 2018 251.35 -3.72% Aug 26, 2018 15,629.21 0.86%
Aug 19, 2018 261.05 -2.01% Aug 19, 2018 15,495.21 0.47%
Aug 12, 2018 266.4 0.95% Aug 12, 2018 15,423.22 0.40%
Aug 05, 2018 263.9 -7.89% Aug 05, 2018 15,361.14 1.05%
Jul 29, 2018 286.5 -1.36% Jul 29, 2018 15,200.81 3.16%
Jul 22, 2018 290.45 3.71% Jul 22, 2018 14,735.33 -0.62%
Jul 15, 2018 280.05 4.38% Jul 15, 2018 14,826.58 1.64%
Jul 08, 2018 268.3 2.92% Jul 08, 2018 14,587.74 0.41%
Jul 01, 2018 260.7 2.18% Jul 01, 2018 14,528.54 -1.46%
Jun 24, 2018 255.15 -6.56% Jun 24, 2018 14,743.27 -0.47%
Jun 17, 2018 273.05 1.39% Jun 17, 2018 14,813.40 0.30%
Jun 10, 2018 269.3 -2.30% Jun 10, 2018 14,768.92 0.65%
Jun 03, 2018 275.65 3.76% Jun 03, 2018 14,673.56 0.36%
May 27, 2018 265.65 -4.84% May 27, 2018 14,620.27 0.11%
May 20, 2018 279.15 -2.41% May 20, 2018 14,603.81 -2.17%
May 13, 2018 286.05 2.55% May 13, 2018 14,928.11 0.84%
May 06, 2018 278.95 -2.41% May 06, 2018 14,803.81 -1.05%
Apr 29, 2018 285.85 -2.09% Apr 29, 2018 14,961.35 0.97%
Apr 22, 2018 291.95 1.41% Apr 22, 2018 14,817.83 0.91%
Apr 15, 2018 287.9 -2.57% Apr 15, 2018 14,684.22 1.09%
Apr 08, 2018 295.5 0.27% Apr 08, 2018 14,526.25 2.84%
Apr 01, 2018 294.7 7.01% Apr 01, 2018 14,125.53 1.35%
Mar 25, 2018 275.4 7.10% Mar 25, 2018 13,937.09 -2.38%
Mar 18, 2018 257.15 -3.02% Mar 18, 2018 14,276.76 0.30%
Mar 11, 2018 265.15 2.32% Mar 11, 2018 14,234.38 -2.58%
Mar 04, 2018 259.15 -2.61% Mar 04, 2018 14,611.24 -0.20%
Feb 25, 2018 266.1 -1.11% Feb 25, 2018 14,639.90 0.17%
Feb 18, 2018 269.1 2.95% Feb 18, 2018 14,614.53 -0.24%
Feb 11, 2018 261.4 -3.38% Feb 11, 2018 14,649.94 -1.59%
Feb 04, 2018 270.55 8.35% Feb 04, 2018 14,886.09 -4.05%
Jan 28, 2018 249.7 -4.97% Jan 28, 2018 15,514.22 0.88%
Jan 21, 2018 262.75 -0.79% Jan 21, 2018 15,378.91 0.62%
Jan 14, 2018 264.85 -4.99% Jan 14, 2018 15,283.93 0.96%
Jan 07, 2018 278.75 -0.98% Jan 07, 2018 15,137.99 0.90%
Dec 31, 2017 281.5 4.72% Dec 31, 2017 15,002.73 0.63%
Dec 24, 2017 268.8 1.59% Dec 24, 2017 14,908.09 2.21%
Dec 17, 2017 264.6 6.03% Dec 17, 2017 14,586.05 0.35%
Dec 10, 2017 249.55 0.75% Dec 10, 2017 14,535.58 1.38%
Dec 03, 2017 247.7 1.56% Dec 03, 2017 14,338.18 -1.99%
Nov 26, 2017 243.9 -3.75% Nov 26, 2017 14,628.58 1.21%
Nov 19, 2017 253.4 7.24% Nov 19, 2017 14,454.33 -0.21%
Nov 12, 2017 236.3 0.47% Nov 12, 2017 14,484.86 -1.18%
Nov 05, 2017 235.2 -0.49% Nov 05, 2017 14,657.91 1.75%
Oct 29, 2017 236.35 -2.96% Oct 29, 2017 14,405.17 1.77%
Oct 22, 2017 243.55 0.91% Oct 22, 2017 14,154.57 0.05%
Oct 15, 2017 241.35 -0.19% Oct 15, 2017 14,146.89 1.70%
Oct 08, 2017 241.8 -0.25% Oct 08, 2017 13,910.16 2.20%
Oct 01, 2017 242.4 -1.04% Oct 01, 2017 13,610.70 -1.62%
Sep 24, 2017 244.95 -2.59% Sep 24, 2017 13,834.58 -1.73%
Sep 17, 2017 251.45 -1.95% Sep 17, 2017 14,077.60 1.65%
Sep 10, 2017 256.45 1.62% Sep 10, 2017 13,848.84 -0.06%
Sep 03, 2017 252.35 -1.50% Sep 03, 2017 13,857.59 1.77%
Aug 27, 2017 256.2 -0.16% Aug 27, 2017 13,617.08 0.16%
Aug 20, 2017 256.6 -4.84% Aug 20, 2017 13,595.73 1.95%
Aug 13, 2017 269.65 4.90% Aug 13, 2017 13,336.33 -3.92%
Aug 06, 2017 257.05 -2.02% Aug 06, 2017 13,879.81 0.37%
Jul 30, 2017 262.35 -0.23% Jul 30, 2017 13,828.51 0.90%
Jul 23, 2017 262.95 4.06% Jul 23, 2017 13,704.49 0.32%
Jul 16, 2017 252.7 0.66% Jul 16, 2017 13,660.58 1.87%
Jul 09, 2017 251.05 -2.84% Jul 09, 2017 13,409.25 1.75%
Jul 02, 2017 258.4 7.22% Jul 02, 2017 13,178.45 -0.22%
Jun 25, 2017 241 -2.43% Jun 25, 2017 13,207.78 -0.60%
Jun 18, 2017 247 -3.29% Jun 18, 2017 13,287.83 -0.50%
Jun 11, 2017 255.4 -0.91% Jun 11, 2017 13,355.15 0.49%
Jun 04, 2017 257.75 4.54% Jun 04, 2017 13,290.23 0.95%
May 28, 2017 246.55 6.16% May 28, 2017 13,164.84 0.87%
May 21, 2017 232.25 -0.96% May 21, 2017 13,051.03 -0.47%
May 14, 2017 234.5 3.17% May 14, 2017 13,112.98 1.29%
May 07, 2017 227.3 -7.38% May 07, 2017 12,945.57 -0.26%
Apr 30, 2017 245.4 0.53% Apr 30, 2017 12,979.24 1.96%
Apr 23, 2017 244.1 3.04% Apr 23, 2017 12,729.13 0.14%
Apr 16, 2017 236.9 6.52% Apr 16, 2017 12,710.75 -0.01%
Apr 09, 2017 222.4 4.54% Apr 09, 2017 12,712.39 0.64%
Apr 02, 2017 212.75 1.97% Apr 02, 2017 12,631.90 1.17%
Mar 26, 2017 208.65 -0.24% Mar 26, 2017 12,485.43 -0.31%
Mar 19, 2017 209.15 5.15% Mar 19, 2017 12,524.81 2.86%
Mar 12, 2017 198.9 11.15% Mar 12, 2017 12,176.27 0.16%
Mar 05, 2017 178.95 -2.27% Mar 05, 2017 12,156.62 -0.46%
Feb 26, 2017 183.1 -0.62% Feb 26, 2017 12,212.80 1.20%
Feb 19, 2017 184.25 2.82% Feb 19, 2017 12,068.00 0.12%
Feb 12, 2017 179.2 -1.73% Feb 12, 2017 12,053.91 0.79%
Feb 05, 2017 182.35 -0.52% Feb 05, 2017 11,959.40 1.50%
Jan 29, 2017 183.3 -1.98% Jan 29, 2017 11,783.09 3.46%
Jan 22, 2017 187 1.80% Jan 22, 2017 11,388.54 -0.31%
Jan 15, 2017 183.7 -2.26% Jan 15, 2017 11,423.49 2.00%
Jan 08, 2017 187.95 -0.40% Jan 08, 2017 11,199.51 1.48%
Jan 01, 2017 188.7 2.03% Jan 01, 2017 11,036.44 2.37%
Dec 25, 2016 184.95 -2.48% Dec 25, 2016 10,781.37 -2.27%
Dec 18, 2016 189.65 -2.52% Dec 18, 2016 11,031.97 -1.74%
Dec 11, 2016 194.55 -1.39% Dec 11, 2016 11,227.73 2.17%
Dec 04, 2016 197.3 8.17% Dec 04, 2016 10,989.25 -0.14%
Nov 27, 2016 182.4 0.86% Nov 27, 2016 11,005.09 0.77%
Nov 20, 2016 180.85 -4.29% Nov 20, 2016 10,920.98 -3.10%
Nov 13, 2016 188.95 -1.82% Nov 13, 2016 11,270.49 -2.04%
Nov 06, 2016 192.45 -0.57% Nov 06, 2016 11,504.86 -3.42%
Oct 30, 2016 193.55 -4.16% Oct 30, 2016 11,912.35 -0.15%
Oct 23, 2016 201.95 -5.23% Oct 23, 2016 11,929.72 1.32%
Oct 16, 2016 213.1 -2.02% Oct 16, 2016 11,774.60 -1.12%
Oct 09, 2016 217.5 -2.71% Oct 09, 2016 11,907.81 1.77%
Oct 02, 2016 223.55 1.52% Oct 02, 2016 11,700.65 -2.07%
Sep 25, 2016 220.2 -0.11% Sep 25, 2016 11,947.61 0.90%
Sep 18, 2016 220.45 3.35% Sep 18, 2016 11,840.67 -1.10%
Sep 11, 2016 213.3 0.21% Sep 11, 2016 11,972.58 1.03%
Sep 04, 2016 212.85 9.52% Sep 04, 2016 11,851.03 2.24%
Aug 28, 2016 194.35 9.96% Aug 28, 2016 11,591.88 -0.76%
Aug 21, 2016 176.75 0.83% Aug 21, 2016 11,681.18 0.71%
Aug 14, 2016 175.3 2.94% Aug 14, 2016 11,598.51 -0.25%
Aug 07, 2016 170.3 -2.69% Aug 07, 2016 11,627.71 0.36%
Jul 31, 2016 175 7.30% Jul 31, 2016 11,585.96 1.45%
Jul 24, 2016 163.1 3.33% Jul 24, 2016 11,420.35 0.52%
Jul 17, 2016 157.85 0.61% Jul 17, 2016 11,361.58 2.15%
Jul 10, 2016 156.9 4.39% Jul 10, 2016 11,122.45 0.15%
Jul 03, 2016 150.3 -2.59% Jul 03, 2016 11,106.31 3.73%
Jun 26, 2016 154.3 4.50% Jun 26, 2016 10,707.39 -0.91%
Jun 19, 2016 147.65 -0.84% Jun 19, 2016 10,805.87 0.04%
Jun 12, 2016 148.9 -0.93% Jun 12, 2016 10,801.59 -0.15%
Jun 05, 2016 150.3 -0.43% Jun 05, 2016 10,817.38 0.72%
May 29, 2016 150.95 -3.73% May 29, 2016 10,739.61 4.34%
May 22, 2016 156.8 3.19% May 22, 2016 10,292.45 -1.03%
May 15, 2016 151.95 -4.91% May 15, 2016 10,399.54 1.24%
May 08, 2016 159.8 0.76% May 08, 2016 10,271.89 -1.29%
May 01, 2016 158.6 -1.00% May 01, 2016 10,406.12 -0.60%
Apr 24, 2016 160.2 -1.63% Apr 24, 2016 10,468.76 0.83%
Apr 17, 2016 162.85 -3.89% Apr 17, 2016 10,382.73 3.53%
Apr 10, 2016 169.45 0.89% Apr 10, 2016 10,028.48 -1.48%
Apr 03, 2016 167.95 -3.70% Apr 03, 2016 10,179.64 0.41%
Highest: 307.15 Lowest: 139.35 Highest: 15,937.92 Lowest: 9,948.57
BETA ANLAYSIS
1. Summary Output

Regression Statistics
Multiple R 0.149238581575188
R Square 0.022272154230574
Adjusted R Square 0.015964232644965
Standard Error 0.038349766709221
Observations 157

ANOVA
df SS MS F Significance F
Regression 1 0.00519279756 0.0051927976 3.530822939 0.0621152796
Residual 155 0.22795921403 0.0014707046
Total 156 0.23315201159

Coefficients Standard Error t Stat P-value Lower 95%

Intercept 0.00326344368953 0.00310234764 1.0519271433 0.294470162 -0.002864894
X Variable 1 -0.34460981395458 0.1833959208 -1.879048413 0.06211528 -0.706887756

2. Unlevered Beta Calculation

Levered Beta -0.34

Corporate Tax Rate 35%

Closing Price 221.75

(as on 29th March 2019 - Friday)
Shares Outstanding 572,049,980
Market Value of Equity 126,852,083,065
Reported Market Cap 127,420,000,000
(as per Annual Report)

Debt 51,911,300,000

Unlevered Beta -0.27

Upper 95% Lower 95.0% Upper 95.0%
0.009391781 -0.002864894 0.0093917813
0.017668128 -0.706887756 0.0176681279
 GoodYear Tyres S&P 500
Date Weekly Closing Return Date Weekly Closing Return
Mar 31, 2019 223.4 0.74% Mar 31, 2019 15,304.57 1.68%
Mar 24, 2019 221.75 2.78% Mar 24, 2019 15,051.35 0.04%
Mar 17, 2019 215.75 -2.79% Mar 17, 2019 15,045.28 3.11%
Mar 10, 2019 221.95 4.45% Mar 10, 2019 14,591.91 1.91%
Mar 03, 2019 212.5 -3.39% Mar 03, 2019 14,319.03 1.29%
Feb 24, 2019 219.95 4.61% Feb 24, 2019 14,136.76 1.02%
Feb 17, 2019 210.25 4.84% Feb 17, 2019 13,994.20 -2.30%
Feb 10, 2019 200.55 -1.55% Feb 10, 2019 14,323.79 -0.27%
Feb 03, 2019 203.7 -2.26% Feb 03, 2019 14,361.85 0.71%
Jan 27, 2019 208.4 -1.28% Jan 27, 2019 14,260.83 -1.57%
Jan 20, 2019 211.1 -3.28% Jan 20, 2019 14,488.81 0.46%
Jan 13, 2019 218.25 -3.49% Jan 13, 2019 14,422.98 0.47%
Jan 06, 2019 226.15 -2.96% Jan 06, 2019 14,355.02 -1.11%
Dec 30, 2018 233.05 -0.79% Dec 30, 2018 14,516.04 0.80%
Dec 23, 2018 234.9 0.69% Dec 23, 2018 14,401.20 -0.08%
Dec 16, 2018 233.3 -0.87% Dec 16, 2018 14,412.03 1.70%
Dec 09, 2018 235.35 4.34% Dec 09, 2018 14,170.58 -1.79%
Dec 02, 2018 225.55 -5.39% Dec 02, 2018 14,429.00 2.48%
Nov 25, 2018 238.4 8.86% Nov 25, 2018 14,079.47 -1.19%
Nov 18, 2018 219 -3.35% Nov 18, 2018 14,249.66 0.45%
Nov 11, 2018 226.6 2.30% Nov 11, 2018 14,185.40 0.51%
Nov 04, 2018 221.5 0.52% Nov 04, 2018 14,112.76 5.69%
Oct 28, 2018 220.35 6.24% Oct 28, 2018 13,352.53 -2.57%
Oct 21, 2018 207.4 0.63% Oct 21, 2018 13,704.74 -1.45%
Oct 14, 2018 206.1 -4.72% Oct 14, 2018 13,906.10 1.58%
Oct 07, 2018 216.3 9.27% Oct 07, 2018 13,689.97 -5.23%
Sep 30, 2018 197.95 -6.78% Sep 30, 2018 14,445.89 -3.34%
Sep 23, 2018 212.35 -8.37% Sep 23, 2018 14,945.39 -3.75%
Sep 16, 2018 231.75 -3.96% Sep 16, 2018 15,528.44 -0.84%
Sep 09, 2018 241.3 -2.41% Sep 09, 2018 15,659.97 -1.18%
Sep 02, 2018 247.25 -1.63% Sep 02, 2018 15,846.20 1.39%
Aug 26, 2018 251.35 -3.72% Aug 26, 2018 15,629.21 0.86%
Aug 19, 2018 261.05 -2.01% Aug 19, 2018 15,495.21 0.47%
Aug 12, 2018 266.4 0.95% Aug 12, 2018 15,423.22 0.40%
Aug 05, 2018 263.9 -7.89% Aug 05, 2018 15,361.14 1.05%
Jul 29, 2018 286.5 -1.36% Jul 29, 2018 15,200.81 3.16%
Jul 22, 2018 290.45 3.71% Jul 22, 2018 14,735.33 -0.62%
Jul 15, 2018 280.05 4.38% Jul 15, 2018 14,826.58 1.64%
Jul 08, 2018 268.3 2.92% Jul 08, 2018 14,587.74 0.41%
Jul 01, 2018 260.7 2.18% Jul 01, 2018 14,528.54 -1.46%
Jun 24, 2018 255.15 -6.56% Jun 24, 2018 14,743.27 -0.47%
Jun 17, 2018 273.05 1.39% Jun 17, 2018 14,813.40 0.30%
Jun 10, 2018 269.3 -2.30% Jun 10, 2018 14,768.92 0.65%
Jun 03, 2018 275.65 3.76% Jun 03, 2018 14,673.56 0.36%
May 27, 2018 265.65 -4.84% May 27, 2018 14,620.27 0.11%
May 20, 2018 279.15 -2.41% May 20, 2018 14,603.81 -2.17%
May 13, 2018 286.05 2.55% May 13, 2018 14,928.11 0.84%
May 06, 2018 278.95 -2.41% May 06, 2018 14,803.81 -1.05%
Apr 29, 2018 285.85 -2.09% Apr 29, 2018 14,961.35 0.97%
Apr 22, 2018 291.95 1.41% Apr 22, 2018 14,817.83 0.91%
Apr 15, 2018 287.9 -2.57% Apr 15, 2018 14,684.22 1.09%
Apr 08, 2018 295.5 0.27% Apr 08, 2018 14,526.25 2.84%
Apr 01, 2018 294.7 7.01% Apr 01, 2018 14,125.53 1.35%
Mar 25, 2018 275.4 7.10% Mar 25, 2018 13,937.09 -2.38%
Mar 18, 2018 257.15 -3.02% Mar 18, 2018 14,276.76 0.30%
Mar 11, 2018 265.15 2.32% Mar 11, 2018 14,234.38 -2.58%
Mar 04, 2018 259.15 -2.61% Mar 04, 2018 14,611.24 -0.20%
Feb 25, 2018 266.1 -1.11% Feb 25, 2018 14,639.90 0.17%
Feb 18, 2018 269.1 2.95% Feb 18, 2018 14,614.53 -0.24%
Feb 11, 2018 261.4 -3.38% Feb 11, 2018 14,649.94 -1.59%
Feb 04, 2018 270.55 8.35% Feb 04, 2018 14,886.09 -4.05%
Jan 28, 2018 249.7 -4.97% Jan 28, 2018 15,514.22 0.88%
Jan 21, 2018 262.75 -0.79% Jan 21, 2018 15,378.91 0.62%
Jan 14, 2018 264.85 -4.99% Jan 14, 2018 15,283.93 0.96%
Jan 07, 2018 278.75 -0.98% Jan 07, 2018 15,137.99 0.90%
Dec 31, 2017 281.5 4.72% Dec 31, 2017 15,002.73 0.63%
Dec 24, 2017 268.8 1.59% Dec 24, 2017 14,908.09 2.21%
Dec 17, 2017 264.6 6.03% Dec 17, 2017 14,586.05 0.35%
Dec 10, 2017 249.55 0.75% Dec 10, 2017 14,535.58 1.38%
Dec 03, 2017 247.7 1.56% Dec 03, 2017 14,338.18 -1.99%
Nov 26, 2017 243.9 -3.75% Nov 26, 2017 14,628.58 1.21%
Nov 19, 2017 253.4 7.24% Nov 19, 2017 14,454.33 -0.21%
Nov 12, 2017 236.3 0.47% Nov 12, 2017 14,484.86 -1.18%
Nov 05, 2017 235.2 -0.49% Nov 05, 2017 14,657.91 1.75%
Oct 29, 2017 236.35 -2.96% Oct 29, 2017 14,405.17 1.77%
Oct 22, 2017 243.55 0.91% Oct 22, 2017 14,154.57 0.05%
Oct 15, 2017 241.35 -0.19% Oct 15, 2017 14,146.89 1.70%
Oct 08, 2017 241.8 -0.25% Oct 08, 2017 13,910.16 2.20%
Oct 01, 2017 242.4 -1.04% Oct 01, 2017 13,610.70 -1.62%
Sep 24, 2017 244.95 -2.59% Sep 24, 2017 13,834.58 -1.73%
Sep 17, 2017 251.45 -1.95% Sep 17, 2017 14,077.60 1.65%
Sep 10, 2017 256.45 1.62% Sep 10, 2017 13,848.84 -0.06%
Sep 03, 2017 252.35 -1.50% Sep 03, 2017 13,857.59 1.77%
Aug 27, 2017 256.2 -0.16% Aug 27, 2017 13,617.08 0.16%
Aug 20, 2017 256.6 -4.84% Aug 20, 2017 13,595.73 1.95%
Aug 13, 2017 269.65 4.90% Aug 13, 2017 13,336.33 -3.92%
Aug 06, 2017 257.05 -2.02% Aug 06, 2017 13,879.81 0.37%
Jul 30, 2017 262.35 -0.23% Jul 30, 2017 13,828.51 0.90%
Jul 23, 2017 262.95 4.06% Jul 23, 2017 13,704.49 0.32%
Jul 16, 2017 252.7 0.66% Jul 16, 2017 13,660.58 1.87%
Jul 09, 2017 251.05 -2.84% Jul 09, 2017 13,409.25 1.75%
Jul 02, 2017 258.4 7.22% Jul 02, 2017 13,178.45 -0.22%
Jun 25, 2017 241 -2.43% Jun 25, 2017 13,207.78 -0.60%
Jun 18, 2017 247 -3.29% Jun 18, 2017 13,287.83 -0.50%
Jun 11, 2017 255.4 -0.91% Jun 11, 2017 13,355.15 0.49%
Jun 04, 2017 257.75 4.54% Jun 04, 2017 13,290.23 0.95%
May 28, 2017 246.55 6.16% May 28, 2017 13,164.84 0.87%
May 21, 2017 232.25 -0.96% May 21, 2017 13,051.03 -0.47%
May 14, 2017 234.5 3.17% May 14, 2017 13,112.98 1.29%
May 07, 2017 227.3 -7.38% May 07, 2017 12,945.57 -0.26%
Apr 30, 2017 245.4 0.53% Apr 30, 2017 12,979.24 1.96%
Apr 23, 2017 244.1 3.04% Apr 23, 2017 12,729.13 0.14%
Apr 16, 2017 236.9 6.52% Apr 16, 2017 12,710.75 -0.01%
Apr 09, 2017 222.4 4.54% Apr 09, 2017 12,712.39 0.64%
Apr 02, 2017 212.75 1.97% Apr 02, 2017 12,631.90 1.17%
Mar 26, 2017 208.65 -0.24% Mar 26, 2017 12,485.43 -0.31%
Mar 19, 2017 209.15 5.15% Mar 19, 2017 12,524.81 2.86%
Mar 12, 2017 198.9 11.15% Mar 12, 2017 12,176.27 0.16%
Mar 05, 2017 178.95 -2.27% Mar 05, 2017 12,156.62 -0.46%
Feb 26, 2017 183.1 -0.62% Feb 26, 2017 12,212.80 1.20%
Feb 19, 2017 184.25 2.82% Feb 19, 2017 12,068.00 0.12%
Feb 12, 2017 179.2 -1.73% Feb 12, 2017 12,053.91 0.79%
Feb 05, 2017 182.35 -0.52% Feb 05, 2017 11,959.40 1.50%
Jan 29, 2017 183.3 -1.98% Jan 29, 2017 11,783.09 3.46%
Jan 22, 2017 187 1.80% Jan 22, 2017 11,388.54 -0.31%
Jan 15, 2017 183.7 -2.26% Jan 15, 2017 11,423.49 2.00%
Jan 08, 2017 187.95 -0.40% Jan 08, 2017 11,199.51 1.48%
Jan 01, 2017 188.7 2.03% Jan 01, 2017 11,036.44 2.37%
Dec 25, 2016 184.95 -2.48% Dec 25, 2016 10,781.37 -2.27%
Dec 18, 2016 189.65 -2.52% Dec 18, 2016 11,031.97 -1.74%
Dec 11, 2016 194.55 -1.39% Dec 11, 2016 11,227.73 2.17%
Dec 04, 2016 197.3 8.17% Dec 04, 2016 10,989.25 -0.14%
Nov 27, 2016 182.4 0.86% Nov 27, 2016 11,005.09 0.77%
Nov 20, 2016 180.85 -4.29% Nov 20, 2016 10,920.98 -3.10%
Nov 13, 2016 188.95 -1.82% Nov 13, 2016 11,270.49 -2.04%
Nov 06, 2016 192.45 -0.57% Nov 06, 2016 11,504.86 -3.42%
Oct 30, 2016 193.55 -4.16% Oct 30, 2016 11,912.35 -0.15%
Oct 23, 2016 201.95 -5.23% Oct 23, 2016 11,929.72 1.32%
Oct 16, 2016 213.1 -2.02% Oct 16, 2016 11,774.60 -1.12%
Oct 09, 2016 217.5 -2.71% Oct 09, 2016 11,907.81 1.77%
Oct 02, 2016 223.55 1.52% Oct 02, 2016 11,700.65 -2.07%
Sep 25, 2016 220.2 -0.11% Sep 25, 2016 11,947.61 0.90%
Sep 18, 2016 220.45 3.35% Sep 18, 2016 11,840.67 -1.10%
Sep 11, 2016 213.3 0.21% Sep 11, 2016 11,972.58 1.03%
Sep 04, 2016 212.85 9.52% Sep 04, 2016 11,851.03 2.24%
Aug 28, 2016 194.35 9.96% Aug 28, 2016 11,591.88 -0.76%
Aug 21, 2016 176.75 0.83% Aug 21, 2016 11,681.18 0.71%
Aug 14, 2016 175.3 2.94% Aug 14, 2016 11,598.51 -0.25%
Aug 07, 2016 170.3 -2.69% Aug 07, 2016 11,627.71 0.36%
Jul 31, 2016 175 7.30% Jul 31, 2016 11,585.96 1.45%
Jul 24, 2016 163.1 3.33% Jul 24, 2016 11,420.35 0.52%
Jul 17, 2016 157.85 0.61% Jul 17, 2016 11,361.58 2.15%
Jul 10, 2016 156.9 4.39% Jul 10, 2016 11,122.45 0.15%
Jul 03, 2016 150.3 -2.59% Jul 03, 2016 11,106.31 3.73%
Jun 26, 2016 154.3 4.50% Jun 26, 2016 10,707.39 -0.91%
Jun 19, 2016 147.65 -0.84% Jun 19, 2016 10,805.87 0.04%
Jun 12, 2016 148.9 -0.93% Jun 12, 2016 10,801.59 -0.15%
Jun 05, 2016 150.3 -0.43% Jun 05, 2016 10,817.38 0.72%
May 29, 2016 150.95 -3.73% May 29, 2016 10,739.61 4.34%
May 22, 2016 156.8 3.19% May 22, 2016 10,292.45 -1.03%
May 15, 2016 151.95 -4.91% May 15, 2016 10,399.54 1.24%
May 08, 2016 159.8 0.76% May 08, 2016 10,271.89 -1.29%
May 01, 2016 158.6 -1.00% May 01, 2016 10,406.12 -0.60%
Apr 24, 2016 160.2 -1.63% Apr 24, 2016 10,468.76 0.83%
Apr 17, 2016 162.85 -3.89% Apr 17, 2016 10,382.73 3.53%
Apr 10, 2016 169.45 0.89% Apr 10, 2016 10,028.48 -1.48%
Apr 03, 2016 167.95 -3.70% Apr 03, 2016 10,179.64 0.41%
Highest: 307.15 Lowest: 139.35 Highest: 15,937.92 Lowest: 9,948.57
BETA ANLAYSIS
1. Summary Output

Regression Statistics
Multiple R 0.149238581575188
R Square 0.022272154230574
Adjusted R Square 0.015964232644965
Standard Error 0.038349766709221
Observations 157

ANOVA
df SS MS F Significance F
Regression 1 0.00519279756 0.0051927976 3.530822939 0.0621152796
Residual 155 0.22795921403 0.0014707046
Total 156 0.23315201159

Coefficients Standard Error t Stat P-value Lower 95%

Intercept 0.00326344368953 0.00310234764 1.0519271433 0.294470162 -0.002864894
X Variable 1 -0.34460981395458 0.1833959208 -1.879048413 0.06211528 -0.706887756

2. Unlevered Beta Calculation

Levered Beta -0.34

Corporate Tax Rate 35%

Closing Price 221.75

(as on 29th March 2019 - Friday)
Shares Outstanding 572,049,980
Market Value of Equity 126,852,083,065
Reported Market Cap 127,420,000,000
(as per Annual Report)

Debt 51,911,300,000

Unlevered Beta -0.27

Upper 95% Lower 95.0% Upper 95.0%
0.009391781 -0.002864894 0.0093917813
0.017668128 -0.706887756 0.0176681279
 JK Tyres S&P 500
Date Weekly Closing Return Date Weekly Closing Return
Mar 31, 2019 223.4 0.74% Mar 31, 2019 15,304.57 1.68%
Mar 24, 2019 221.75 2.78% Mar 24, 2019 15,051.35 0.04%
Mar 17, 2019 215.75 -2.79% Mar 17, 2019 15,045.28 3.11%
Mar 10, 2019 221.95 4.45% Mar 10, 2019 14,591.91 1.91%
Mar 03, 2019 212.5 -3.39% Mar 03, 2019 14,319.03 1.29%
Feb 24, 2019 219.95 4.61% Feb 24, 2019 14,136.76 1.02%
Feb 17, 2019 210.25 4.84% Feb 17, 2019 13,994.20 -2.30%
Feb 10, 2019 200.55 -1.55% Feb 10, 2019 14,323.79 -0.27%
Feb 03, 2019 203.7 -2.26% Feb 03, 2019 14,361.85 0.71%
Jan 27, 2019 208.4 -1.28% Jan 27, 2019 14,260.83 -1.57%
Jan 20, 2019 211.1 -3.28% Jan 20, 2019 14,488.81 0.46%
Jan 13, 2019 218.25 -3.49% Jan 13, 2019 14,422.98 0.47%
Jan 06, 2019 226.15 -2.96% Jan 06, 2019 14,355.02 -1.11%
Dec 30, 2018 233.05 -0.79% Dec 30, 2018 14,516.04 0.80%
Dec 23, 2018 234.9 0.69% Dec 23, 2018 14,401.20 -0.08%
Dec 16, 2018 233.3 -0.87% Dec 16, 2018 14,412.03 1.70%
Dec 09, 2018 235.35 4.34% Dec 09, 2018 14,170.58 -1.79%
Dec 02, 2018 225.55 -5.39% Dec 02, 2018 14,429.00 2.48%
Nov 25, 2018 238.4 8.86% Nov 25, 2018 14,079.47 -1.19%
Nov 18, 2018 219 -3.35% Nov 18, 2018 14,249.66 0.45%
Nov 11, 2018 226.6 2.30% Nov 11, 2018 14,185.40 0.51%
Nov 04, 2018 221.5 0.52% Nov 04, 2018 14,112.76 5.69%
Oct 28, 2018 220.35 6.24% Oct 28, 2018 13,352.53 -2.57%
Oct 21, 2018 207.4 0.63% Oct 21, 2018 13,704.74 -1.45%
Oct 14, 2018 206.1 -4.72% Oct 14, 2018 13,906.10 1.58%
Oct 07, 2018 216.3 9.27% Oct 07, 2018 13,689.97 -5.23%
Sep 30, 2018 197.95 -6.78% Sep 30, 2018 14,445.89 -3.34%
Sep 23, 2018 212.35 -8.37% Sep 23, 2018 14,945.39 -3.75%
Sep 16, 2018 231.75 -3.96% Sep 16, 2018 15,528.44 -0.84%
Sep 09, 2018 241.3 -2.41% Sep 09, 2018 15,659.97 -1.18%
Sep 02, 2018 247.25 -1.63% Sep 02, 2018 15,846.20 1.39%
Aug 26, 2018 251.35 -3.72% Aug 26, 2018 15,629.21 0.86%
Aug 19, 2018 261.05 -2.01% Aug 19, 2018 15,495.21 0.47%
Aug 12, 2018 266.4 0.95% Aug 12, 2018 15,423.22 0.40%
Aug 05, 2018 263.9 -7.89% Aug 05, 2018 15,361.14 1.05%
Jul 29, 2018 286.5 -1.36% Jul 29, 2018 15,200.81 3.16%
Jul 22, 2018 290.45 3.71% Jul 22, 2018 14,735.33 -0.62%
Jul 15, 2018 280.05 4.38% Jul 15, 2018 14,826.58 1.64%
Jul 08, 2018 268.3 2.92% Jul 08, 2018 14,587.74 0.41%
Jul 01, 2018 260.7 2.18% Jul 01, 2018 14,528.54 -1.46%
Jun 24, 2018 255.15 -6.56% Jun 24, 2018 14,743.27 -0.47%
Jun 17, 2018 273.05 1.39% Jun 17, 2018 14,813.40 0.30%
Jun 10, 2018 269.3 -2.30% Jun 10, 2018 14,768.92 0.65%
Jun 03, 2018 275.65 3.76% Jun 03, 2018 14,673.56 0.36%
May 27, 2018 265.65 -4.84% May 27, 2018 14,620.27 0.11%
May 20, 2018 279.15 -2.41% May 20, 2018 14,603.81 -2.17%
May 13, 2018 286.05 2.55% May 13, 2018 14,928.11 0.84%
May 06, 2018 278.95 -2.41% May 06, 2018 14,803.81 -1.05%
Apr 29, 2018 285.85 -2.09% Apr 29, 2018 14,961.35 0.97%
Apr 22, 2018 291.95 1.41% Apr 22, 2018 14,817.83 0.91%
Apr 15, 2018 287.9 -2.57% Apr 15, 2018 14,684.22 1.09%
Apr 08, 2018 295.5 0.27% Apr 08, 2018 14,526.25 2.84%
Apr 01, 2018 294.7 7.01% Apr 01, 2018 14,125.53 1.35%
Mar 25, 2018 275.4 7.10% Mar 25, 2018 13,937.09 -2.38%
Mar 18, 2018 257.15 -3.02% Mar 18, 2018 14,276.76 0.30%
Mar 11, 2018 265.15 2.32% Mar 11, 2018 14,234.38 -2.58%
Mar 04, 2018 259.15 -2.61% Mar 04, 2018 14,611.24 -0.20%
Feb 25, 2018 266.1 -1.11% Feb 25, 2018 14,639.90 0.17%
Feb 18, 2018 269.1 2.95% Feb 18, 2018 14,614.53 -0.24%
Feb 11, 2018 261.4 -3.38% Feb 11, 2018 14,649.94 -1.59%
Feb 04, 2018 270.55 8.35% Feb 04, 2018 14,886.09 -4.05%
Jan 28, 2018 249.7 -4.97% Jan 28, 2018 15,514.22 0.88%
Jan 21, 2018 262.75 -0.79% Jan 21, 2018 15,378.91 0.62%
Jan 14, 2018 264.85 -4.99% Jan 14, 2018 15,283.93 0.96%
Jan 07, 2018 278.75 -0.98% Jan 07, 2018 15,137.99 0.90%
Dec 31, 2017 281.5 4.72% Dec 31, 2017 15,002.73 0.63%
Dec 24, 2017 268.8 1.59% Dec 24, 2017 14,908.09 2.21%
Dec 17, 2017 264.6 6.03% Dec 17, 2017 14,586.05 0.35%
Dec 10, 2017 249.55 0.75% Dec 10, 2017 14,535.58 1.38%
Dec 03, 2017 247.7 1.56% Dec 03, 2017 14,338.18 -1.99%
Nov 26, 2017 243.9 -3.75% Nov 26, 2017 14,628.58 1.21%
Nov 19, 2017 253.4 7.24% Nov 19, 2017 14,454.33 -0.21%
Nov 12, 2017 236.3 0.47% Nov 12, 2017 14,484.86 -1.18%
Nov 05, 2017 235.2 -0.49% Nov 05, 2017 14,657.91 1.75%
Oct 29, 2017 236.35 -2.96% Oct 29, 2017 14,405.17 1.77%
Oct 22, 2017 243.55 0.91% Oct 22, 2017 14,154.57 0.05%
Oct 15, 2017 241.35 -0.19% Oct 15, 2017 14,146.89 1.70%
Oct 08, 2017 241.8 -0.25% Oct 08, 2017 13,910.16 2.20%
Oct 01, 2017 242.4 -1.04% Oct 01, 2017 13,610.70 -1.62%
Sep 24, 2017 244.95 -2.59% Sep 24, 2017 13,834.58 -1.73%
Sep 17, 2017 251.45 -1.95% Sep 17, 2017 14,077.60 1.65%
Sep 10, 2017 256.45 1.62% Sep 10, 2017 13,848.84 -0.06%
Sep 03, 2017 252.35 -1.50% Sep 03, 2017 13,857.59 1.77%
Aug 27, 2017 256.2 -0.16% Aug 27, 2017 13,617.08 0.16%
Aug 20, 2017 256.6 -4.84% Aug 20, 2017 13,595.73 1.95%
Aug 13, 2017 269.65 4.90% Aug 13, 2017 13,336.33 -3.92%
Aug 06, 2017 257.05 -2.02% Aug 06, 2017 13,879.81 0.37%
Jul 30, 2017 262.35 -0.23% Jul 30, 2017 13,828.51 0.90%
Jul 23, 2017 262.95 4.06% Jul 23, 2017 13,704.49 0.32%
Jul 16, 2017 252.7 0.66% Jul 16, 2017 13,660.58 1.87%
Jul 09, 2017 251.05 -2.84% Jul 09, 2017 13,409.25 1.75%
Jul 02, 2017 258.4 7.22% Jul 02, 2017 13,178.45 -0.22%
Jun 25, 2017 241 -2.43% Jun 25, 2017 13,207.78 -0.60%
Jun 18, 2017 247 -3.29% Jun 18, 2017 13,287.83 -0.50%
Jun 11, 2017 255.4 -0.91% Jun 11, 2017 13,355.15 0.49%
Jun 04, 2017 257.75 4.54% Jun 04, 2017 13,290.23 0.95%
May 28, 2017 246.55 6.16% May 28, 2017 13,164.84 0.87%
May 21, 2017 232.25 -0.96% May 21, 2017 13,051.03 -0.47%
May 14, 2017 234.5 3.17% May 14, 2017 13,112.98 1.29%
May 07, 2017 227.3 -7.38% May 07, 2017 12,945.57 -0.26%
Apr 30, 2017 245.4 0.53% Apr 30, 2017 12,979.24 1.96%
Apr 23, 2017 244.1 3.04% Apr 23, 2017 12,729.13 0.14%
Apr 16, 2017 236.9 6.52% Apr 16, 2017 12,710.75 -0.01%
Apr 09, 2017 222.4 4.54% Apr 09, 2017 12,712.39 0.64%
Apr 02, 2017 212.75 1.97% Apr 02, 2017 12,631.90 1.17%
Mar 26, 2017 208.65 -0.24% Mar 26, 2017 12,485.43 -0.31%
Mar 19, 2017 209.15 5.15% Mar 19, 2017 12,524.81 2.86%
Mar 12, 2017 198.9 11.15% Mar 12, 2017 12,176.27 0.16%
Mar 05, 2017 178.95 -2.27% Mar 05, 2017 12,156.62 -0.46%
Feb 26, 2017 183.1 -0.62% Feb 26, 2017 12,212.80 1.20%
Feb 19, 2017 184.25 2.82% Feb 19, 2017 12,068.00 0.12%
Feb 12, 2017 179.2 -1.73% Feb 12, 2017 12,053.91 0.79%
Feb 05, 2017 182.35 -0.52% Feb 05, 2017 11,959.40 1.50%
Jan 29, 2017 183.3 -1.98% Jan 29, 2017 11,783.09 3.46%
Jan 22, 2017 187 1.80% Jan 22, 2017 11,388.54 -0.31%
Jan 15, 2017 183.7 -2.26% Jan 15, 2017 11,423.49 2.00%
Jan 08, 2017 187.95 -0.40% Jan 08, 2017 11,199.51 1.48%
Jan 01, 2017 188.7 2.03% Jan 01, 2017 11,036.44 2.37%
Dec 25, 2016 184.95 -2.48% Dec 25, 2016 10,781.37 -2.27%
Dec 18, 2016 189.65 -2.52% Dec 18, 2016 11,031.97 -1.74%
Dec 11, 2016 194.55 -1.39% Dec 11, 2016 11,227.73 2.17%
Dec 04, 2016 197.3 8.17% Dec 04, 2016 10,989.25 -0.14%
Nov 27, 2016 182.4 0.86% Nov 27, 2016 11,005.09 0.77%
Nov 20, 2016 180.85 -4.29% Nov 20, 2016 10,920.98 -3.10%
Nov 13, 2016 188.95 -1.82% Nov 13, 2016 11,270.49 -2.04%
Nov 06, 2016 192.45 -0.57% Nov 06, 2016 11,504.86 -3.42%
Oct 30, 2016 193.55 -4.16% Oct 30, 2016 11,912.35 -0.15%
Oct 23, 2016 201.95 -5.23% Oct 23, 2016 11,929.72 1.32%
Oct 16, 2016 213.1 -2.02% Oct 16, 2016 11,774.60 -1.12%
Oct 09, 2016 217.5 -2.71% Oct 09, 2016 11,907.81 1.77%
Oct 02, 2016 223.55 1.52% Oct 02, 2016 11,700.65 -2.07%
Sep 25, 2016 220.2 -0.11% Sep 25, 2016 11,947.61 0.90%
Sep 18, 2016 220.45 3.35% Sep 18, 2016 11,840.67 -1.10%
Sep 11, 2016 213.3 0.21% Sep 11, 2016 11,972.58 1.03%
Sep 04, 2016 212.85 9.52% Sep 04, 2016 11,851.03 2.24%
Aug 28, 2016 194.35 9.96% Aug 28, 2016 11,591.88 -0.76%
Aug 21, 2016 176.75 0.83% Aug 21, 2016 11,681.18 0.71%
Aug 14, 2016 175.3 2.94% Aug 14, 2016 11,598.51 -0.25%
Aug 07, 2016 170.3 -2.69% Aug 07, 2016 11,627.71 0.36%
Jul 31, 2016 175 7.30% Jul 31, 2016 11,585.96 1.45%
Jul 24, 2016 163.1 3.33% Jul 24, 2016 11,420.35 0.52%
Jul 17, 2016 157.85 0.61% Jul 17, 2016 11,361.58 2.15%
Jul 10, 2016 156.9 4.39% Jul 10, 2016 11,122.45 0.15%
Jul 03, 2016 150.3 -2.59% Jul 03, 2016 11,106.31 3.73%
Jun 26, 2016 154.3 4.50% Jun 26, 2016 10,707.39 -0.91%
Jun 19, 2016 147.65 -0.84% Jun 19, 2016 10,805.87 0.04%
Jun 12, 2016 148.9 -0.93% Jun 12, 2016 10,801.59 -0.15%
Jun 05, 2016 150.3 -0.43% Jun 05, 2016 10,817.38 0.72%
May 29, 2016 150.95 -3.73% May 29, 2016 10,739.61 4.34%
May 22, 2016 156.8 3.19% May 22, 2016 10,292.45 -1.03%
May 15, 2016 151.95 -4.91% May 15, 2016 10,399.54 1.24%
May 08, 2016 159.8 0.76% May 08, 2016 10,271.89 -1.29%
May 01, 2016 158.6 -1.00% May 01, 2016 10,406.12 -0.60%
Apr 24, 2016 160.2 -1.63% Apr 24, 2016 10,468.76 0.83%
Apr 17, 2016 162.85 -3.89% Apr 17, 2016 10,382.73 3.53%
Apr 10, 2016 169.45 0.89% Apr 10, 2016 10,028.48 -1.48%
Apr 03, 2016 167.95 -3.70% Apr 03, 2016 10,179.64 0.41%
Highest: 307.15 Lowest: 139.35 Highest: 15,937.92 Lowest: 9,948.57
BETA ANLAYSIS
1. Summary Output

Regression Statistics
Multiple R 0.149238581575188
R Square 0.022272154230574
Adjusted R Square 0.015964232644965
Standard Error 0.038349766709221
Observations 157

ANOVA
df SS MS F Significance F
Regression 1 0.00519279756 0.0051927976 3.530822939 0.0621152796
Residual 155 0.22795921403 0.0014707046
Total 156 0.23315201159

Coefficients Standard Error t Stat P-value Lower 95%

Intercept 0.00326344368953 0.00310234764 1.0519271433 0.294470162 -0.002864894
X Variable 1 -0.34460981395458 0.1833959208 -1.879048413 0.06211528 -0.706887756

2. Unlevered Beta Calculation

Levered Beta -0.34

Corporate Tax Rate 35%

Closing Price 221.75

(as on 29th March 2019 - Friday)
Shares Outstanding 572,049,980
Market Value of Equity 126,852,083,065
Reported Market Cap 127,420,000,000
(as per Annual Report)

Debt 51,911,300,000

Unlevered Beta -0.27

Upper 95% Lower 95.0% Upper 95.0%
0.009391781 -0.002864894 0.0093917813
0.017668128 -0.706887756 0.0176681279