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BETA CALCULATION

FMCG SECTOR

DABUR INDIA LTD


Weekly Return V/S NSE Stock Index
Jan 1,2011 Dec 31,2011

X2

Y2

0.000121

0.000961

-0.000512

0.000049

0.000625

-0.018

0.000396

0.000256

0.000841

-0.013

0.015

-0.000195

0.000121

0.000676

5505.90

-0.042

-0.041

0.001722

0.000441

0.000081

92.85

5396.00

-0.009

-0.018

0.000162

0.001764

0.000441

14

94.25

5456.00

0.015

0.011

0.000165

0.000064

0.000256

21

96.60

5518.60

0.023

0.011

0.000253

0.000004

0.000121

28

99.75

5333.25

0.031

-0.033

-0.001023

0.000001

0.000064

100.30

5463.15

0.005

0.024

0.00012

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

-0.030

0.0003

0.000576

0.000484

28

95.50

5687.25

-0.005

0.060

-0.0003

0.002809

0.000036

97.05

5908.45

0.016

0.038

0.000608

0.000081

0.000001

11

102.60

5911.5

0.057

0.005

0.000285

0.000016

0.000121

Month

Date

Stock
Price

NSE Price

Jan

100.60

6157.60

10

101.45

5782.85

0.008

-0.064

17

99.20

5654.75

-0.022

24

97.85

5743.25

31

93.70

Feb

Mar

Apr

Stock
Return
(X)

Market
Return
(Y)

(X)*(Y)

Month

May

Jun

Jul

Date

Stock
Price

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

101.20

5701.3

-0.016

-0.029

0.000464

0.000256

0.000841

102.40

5551.1

0.011

-0.026

-0.000286

0.000121

0.000676

16

100.20

5499

-0.021

-0.009

0.000189

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

0.016

0.000128

0.000064

0.000256

113.20

5532.05

0.002

0.010

0.00002

0.000004

0.000121

13

113.10

5482.8

-0.001

-0.008

0.000008

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

116.70

5650.5

0.024

0.022

0.000528

0.000576

0.000484

11

110.40

5616.1

-0.053

-0.006

0.000318

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

0.011

0.000044

0.000016

0.000121

Y2

Date

Stock
Price

NSE Price

Stock
Return
(X)

Market
Return
(Y)

Aug

107.45

5516.8

-0.039

0.028

-0.001092 0.001521

0.000784

102.65

5118.5

-0.044

-0.072

0.003168

0.001936

0.005184

15

101.20

5072.95

-0.014

-0.008

0.000112

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

0.021

107.80

5017.2

-0.016

12

109.25

4946.8

19

103.75

26

Sep

Oct

(X)*(Y)

X2

Month

0.00048

0.000576

0.000441

0.003

-0.000048 0.000256

0.000009

0.013

-0.014

-0.000182 0.000169

0.000196

5013.95

0.053

0.017

0.000901

0.002809

0.000289

101.60

4971.15

0.025

-0.012

-0.0003

0.000625

0.000144

103.10

4849.5

-0.018

-0.024

0.000432

0.000324

0.000576

10

99.90

4979.6

0.014

0.026

0.000364

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

0.026

0.00039

0.000225

0.000676

Month

Date

Stock
Price

NSE Price

Stock
Return
(X)

Market
Return
(Y)

(X)*(Y)

X2

Y2

Nov

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

-0.071

0.006603

0.008649

0.005041

28

96.05

4851.3

-0.083

0.015

-0.001245

0.006889

0.000225

95.75

5039.15

0.136

0.038

0.005168

0.018496

0.001444

12

96.25

4764.6

-0.122

-0.054

0.006588

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

0.035

0.00833

0.056644

0.001225

0.483

-0.168

0.017304

0.1955

0.047418

Dec

Total
Observation

53

Beta Calculation
=n(XY)-(X)(Y)
n (X2) (X)2
=

(53*0.017304) (0.483*-0.168)
(53*0.1955) (0.483)2
= 0.917112 + 0.081144
1.03615 - 0.233289
= 0.998256
0.802861
= 1.243