How did beta drugs share price perform in 2023?

As on 15 Dec, 2023, 03:40 PM IST Beta Drugs share price was up by 7.29% basis the previous closing price of Rs 1,349.35. Beta Drugs share price was Rs 1,507.35. Return Performance of Beta Drugs Shares: 2. Who are the key owners of Beta Drugs stock? Promoter holding has gone up from 66.71 (31 Dec 2022) to 66.73 (30 Sep 2023)

What is a stock's beta value?

In other words, the stock’s beta value suggests the extent of its volatility and measures the responsiveness of a stock’s price to changes in the market. Beta is calculated with regression analysis – a statistical method that measures the relationship of a dependent variable with one or more independent variables.

How to calculate beta of a share?

BSE or NSE would compute these beta values by considering an year data. The beta values of the share can be broadly classified into 3 categories 1) Bet value of more than one; 2) Beta value equal to one 3) Beta value less than one. Stocks that show higher volatility in comparision with index or indices has high beta of >1.

What is the beta of Indian stocks less than 1?

The beta of Indian stocks less than 1 label an investment venture as relatively stable, as the fluctuation of returns generated are not massively affected by variations in the stock market. These securities have a parallel effect on a share price and its ROE with market fluctuations in a similar manner when compared to a benchmark index.