DABUR INDIA LTDWeekly Return V/S NSE Stock Index

Jan 1,2011 – Dec 31,2011

BETA CALCULATIONFMCG SECTOR

Month Date StockPrice

NSE Price Stock Return

(X)

Market Return

(Y)

(X)*(Y) X2 Y2

Jan 3 100.60 6157.600.000121 0.000961

10 101.45 5782.85 0.008 -0.064-0.000512 0.000049 0.000625

17 99.20 5654.75 -0.022 -0.0180.000396 0.000256 0.000841

24 97.85 5743.25 -0.013 0.015-0.000195 0.000121 0.000676

31 93.70 5505.90 -0.042 -0.0410.001722 0.000441 0.000081

Feb 7 92.85 5396.00 -0.009 -0.0180.000162 0.001764 0.000441

14 94.25 5456.00 0.015 0.0110.000165 0.000064 0.000256

21 96.60 5518.60 0.023 0.0110.000253 0.000004 0.000121

28 99.75 5333.25 0.031 -0.033-0.001023 0.000001 0.000064

Mar 7 100.30 5463.15 0.005 0.0240.00012 0.0001 0.001681

14 97.05 5531.5 -0.032 0.012-0.000384 0.000009 0.002601

21 96.00 5364.75 -0.011 -0.0300.0003 0.000576 0.000484

28 95.50 5687.25 -0.005 0.060-0.0003 0.002809 0.000036

Apr 4 97.05 5908.45 0.016 0.0380.000608 0.000081 0.000001

11 102.60 5911.5 0.057 0.0050.000285 0.000016 0.000121

Month Date StockPrice

NSE Price Stock Return

(X)

Market Return

(Y)

(X)*(Y) X2 Y2

18 103.75 5729.1 0.011 -0.030-0.00033 0.000121 0.000961

25 102.95 5847.5 -0.007 0.025-0.000175 0.000049 0.000625

May 2 101.20 5701.3 -0.016 -0.0290.000464 0.000256 0.000841

9 102.40 5551.1 0.011 -0.026-0.000286 0.000121 0.000676

16 100.20 5499 -0.021 -0.0090.000189 0.000441 0.000081

23 104.45 5386.55 0.042 -0.021-0.00084 0.001764 0.000441

30 112.95 5473.1 0.008 0.0160.000128 0.000064 0.000256

Jun 6 113.20 5532.05 0.002 0.0100.00002 0.000004 0.000121

13 113.10 5482.8 -0.001 -0.0080.000008 0.000001 0.000064

20 114.30 5257.9 0.010 -0.041-0.41 0.0001 0.001681

27 113.90 5526.6 -0.003 0.051-0.000153 0.000009 0.002601

Jul 4 116.70 5650.5 0.024 0.0220.000528 0.000576 0.000484

11 110.40 5616.1 -0.053 -0.0060.000318 0.002809 0.000036

18 111.45 5613.55 0.009 -0.001-0.000009 0.000081 0.000001

25 111.90 5680.3 0.004 0.0110.000044 0.000016 0.000121

Month Date StockPrice

NSE Price Stock Return

(X)

Market Return

(Y)

(X)*(Y) X2 Y2

Aug 1 107.45 5516.8 -0.039 0.028-0.001092 0.001521 0.000784

8 102.65 5118.5 -0.044 -0.0720.003168 0.001936 0.005184

15 101.20 5072.95 -0.014 -0.0080.000112 0.000196 0.000064

22 107.00 4898.8 0.057 -0.034-0.001938 0.003249 0.001156

29 109.65 5001.0 0.024 0.0210.00048 0.000576 0.000441

Sep 5 107.80 5017.2 -0.016 0.003-0.000048 0.000256 0.000009

12 109.25 4946.8 0.013 -0.014-0.000182 0.000169 0.000196

19 103.75 5013.95 0.053 0.0170.000901 0.002809 0.000289

26 101.60 4971.15 0.025 -0.012-0.0003 0.000625 0.000144

Oct 3 103.10 4849.5 -0.018 -0.0240.000432 0.000324 0.000576

10 99.90 4979.6 0.014 0.0260.000364 0.000196 0.000676

17 99.45 5118.25 -0.055 0.027-0.001485 0.003025 0.000729

24 97.60 5191.6 -0.021 0.014-0.000294 0.000441 0.000196

31 101.30 5326.6 0.015 0.0260.00039 0.000225 0.000676

Month Date StockPrice

NSE Price Stock Return

(X)

Market Return

(Y)

(X)*(Y) X2 Y2

Nov 7 99.80 5292.25 0.038 -0.006-0.000228 0.001444 0.000036

14 99.95 5148.35 0.199 -0.027-0.005373 0.039601 0.000729

21 99.00 4778.35 -0.093 -0.0710.006603 0.008649 0.005041

28 96.05 4851.3 -0.083 0.015-0.001245 0.006889 0.000225

Dec 5 95.75 5039.15 0.136 0.0380.005168 0.018496 0.001444

12 96.25 4764.6 -0.122 -0.0540.006588 0.014884 0.002916

19 96.40 4613.1 0.134 -0.031-0.004154 0.017956 0.000961

26 100.90 4779 0.238 0.0350.00833 0.056644 0.001225

Total 0.483 -0.1680.017304 0.1955 0.047418

Observation 53

Beta Calculation

• β =n(ΣXY)-(ΣX)(ΣY)• n Σ(X2) –

(ΣX)2 = (53*0.017304) – (0.483*-0.168)

(53*0.1955) – (0.483)2

= 0.917112 + 0.081144

1.03615 - 0.233289

= 1.243

= 0.998256

0.802861