Ans.

1 CALCULATON OF BETA (Reliance,Nifty) ( Dec 01, 2020 - Dec 01, 2021 )

Reliance Industries Limited NIFTY 50
Date Adj Close Returns Date Adj Close Returns
12/1/2020 1948.63 12/1/2020 13109.05
12/2/2020 1951.87 0.0016624498 12/2/2020 13113.75 0.000358545819
12/3/2020 1957.75 0.00301305931 12/3/2020 13133.90 0.001536584959
12/4/2020 1940.51 -0.0088083201 12/4/2020 13258.55 0.009490662354
12/7/2020 1951.92 0.0058815581 12/7/2020 13355.75 0.007331133226
12/8/2020 1987.36 0.01815444378 12/8/2020 13392.95 0.002785331786
12/9/2020 2020.45 0.01665201981 12/9/2020 13529.10 0.010165752281
12/10/2020 2000.56 -0.0098423534 12/10/2020 13478.30 -0.003754854755
12/11/2020 1999.37 -0.0005978538 12/11/2020 13513.85 0.002637558484
12/14/2020 1984.91 -0.0072290899 12/14/2020 13558.15 0.003278176336
12/15/2020 1968.02 -0.0085120183 12/15/2020 13567.85 0.000715379142
12/16/2020 1970.21 0.00111431493 12/16/2020 13682.70 0.008464907064
12/17/2020 1979.23 0.00457863105 12/17/2020 13740.70 0.004238929391
12/18/2020 1985.16 0.00299663065 12/18/2020 13760.55 0.001444585044
12/21/2020 1933.48 -0.0260350473 12/21/2020 13328.40 -0.031404952573
12/22/2020 1930.49 -0.001546619 12/22/2020 13466.30 0.010346283872
12/23/2020 1937.62 0.00369184815 12/23/2020 13601.10 0.010010159134
12/24/2020 1987.76 0.02587652701 12/24/2020 13749.25 0.010892530403
12/28/2020 1996.88 0.00458839403 12/28/2020 13873.20 0.009015051366
12/29/2020 1983.67 -0.0066140905 12/29/2020 13932.60 0.004281594237
12/30/2020 1989.10 0.00273861003 12/30/2020 13981.95 0.003542094612
12/31/2020 1978.93 -0.0051114725 12/31/2020 13981.75 -1.43181028E-05
1/1/2021 1981.13 0.00110810722 1/1/2021 14018.50 0.002628426341
1/4/2021 1984.47 0.00168552207 1/4/2021 14132.90 0.008160672754
1/5/2021 1959.80 -0.0124318851 1/5/2021 14199.50 0.004712380839
1/6/2021 1908.11 -0.0263719956 1/6/2021 14146.25 -0.003750132047
1/7/2021 1905.02 -0.0016193837 1/7/2021 14137.35 -0.000629169639
1/8/2021 1927.50 0.01179909849 1/8/2021 14347.25 0.014847223617
1/11/2021 1891.17 -0.0188498168 1/11/2021 14484.75 0.009583718134
1/12/2021 1950.77 0.03151932078 1/12/2021 14563.45 0.005433314003
1/13/2021 1932.58 -0.0093252222 1/13/2021 14564.85 9.609082884E-05
1/14/2021 1954.31 0.01124400791 1/14/2021 14595.60 0.00211124734
1/15/2021 1931.24 -0.0118076294 1/15/2021 14433.70 -0.011092344154
1/18/2021 1977.59 0.02400065071 1/18/2021 14281.30 -0.010558650099
1/19/2021 2009.93 0.01635625964 1/19/2021 14521.15 0.016794730821
1/20/2021 2048.11 0.01899421579 1/20/2021 14644.70 0.008508265576
1/21/2021 2092.67 0.02175498978 1/21/2021 14590.35 -0.003711280209
1/22/2021 2043.03 -0.0237209809 1/22/2021 14371.90 -0.014972171597
1/25/2021 1934.78 -0.0529859796 1/25/2021 14238.90 -0.009254169343
1/27/2021 1888.92 -0.023699146 1/27/2021 13967.50 -0.019060488068
1/28/2021 1870.53 -0.0097360996 1/28/2021 13817.55 -0.01073565026
1/29/2021 1836.04 -0.0184381357 1/29/2021 13634.60 -0.013240422404
 2/1/2021 1889.22 0.02896388496 2/1/2021 14281.20 0.047423511107
2/2/2021 1919.62 0.0160924515 2/2/2021 14647.85 0.025673571478
2/3/2021 1924.46 0.00251844689 2/3/2021 14789.95 0.009701122676
2/4/2021 1918.13 -0.003289086 2/4/2021 14895.65 0.007146758076
2/5/2021 1917.58 -0.0002858086 2/5/2021 14924.25 0.001919997331
2/8/2021 1945.19 0.0143989118 2/8/2021 15115.80 0.012834802754
2/9/2021 1949.88 0.00240853195 2/9/2021 15109.30 -0.000430013634
2/10/2021 1967.97 0.00927842777 2/10/2021 15106.50 -0.000185303425
2/11/2021 2049.11 0.04122976845 2/11/2021 15173.30 0.004421924668
2/12/2021 2035.05 -0.0068589884 2/12/2021 15163.30 -0.000659052423
2/15/2021 2026.08 -0.0044082726 2/15/2021 15314.70 0.0099846598
2/16/2021 2052.90 0.01323427056 2/16/2021 15313.45 -8.16209253E-05
2/17/2021 2076.57 0.01153191786 2/17/2021 15208.90 -0.006827318643
2/18/2021 2061.07 -0.00746435 2/18/2021 15118.95 -0.005914312915
2/19/2021 2073.63 0.00609383357 2/19/2021 14981.75 -0.009074717043
2/22/2021 2001.66 -0.034706601 2/22/2021 14675.70 -0.020428174612
2/23/2021 2016.96 0.00764404301 2/23/2021 14707.80 0.002187262589
2/24/2021 2054.39 0.01855740137 2/24/2021 14982.00 0.018643182436
2/25/2021 2137.47 0.04044167027 2/25/2021 15097.35 0.007699212989
2/26/2021 2079.11 -0.0273043329 2/26/2021 14529.15 -0.037635693199
3/1/2021 2094.96 0.00762290747 3/1/2021 14761.55 0.015995389114
3/2/2021 2099.25 0.00204592526 3/2/2021 14919.10 0.010672985295
3/3/2021 2195.04 0.04563160025 3/3/2021 15245.60 0.021884698712
3/4/2021 2168.87 -0.0119204138 3/4/2021 15080.75 -0.0108129305
3/5/2021 2171.71 0.00130970137 3/5/2021 14938.10 -0.009459104554
3/8/2021 2184.07 0.00569152022 3/8/2021 14956.20 0.001211706072
3/9/2021 2184.02 -2.2803715E-05 3/9/2021 15098.40 0.009507775648
3/10/2021 2174.95 -0.0041532512 3/10/2021 15174.80 0.00506009988
3/12/2021 2130.75 -0.0203258445 3/12/2021 15030.95 -0.009479506277
3/15/2021 2102.14 -0.0134263583 3/15/2021 14929.50 -0.006749419942
3/16/2021 2093.86 -0.0039356099 3/16/2021 14910.45 -0.001275984125
3/17/2021 2048.76 -0.021541502 3/17/2021 14721.30 -0.012685759821
3/18/2021 2002.66 -0.0225022454 3/18/2021 14557.85 -0.011102973118
3/19/2021 2075.32 0.03628485331 3/19/2021 14744.00 0.012786942852
3/22/2021 2055.79 -0.0094140055 3/22/2021 14736.40 -0.000515437398
3/23/2021 2080.81 0.01217029566 3/23/2021 14814.75 0.005316739972
3/24/2021 2040.74 -0.0192574618 3/24/2021 14549.40 -0.017911176969
3/25/2021 1985.06 -0.0272798855 3/25/2021 14324.90 -0.015430189146
3/26/2021 1988.25 0.00160690983 3/26/2021 14507.30 0.012733031925
3/30/2021 2022.79 0.0173714941 3/30/2021 14845.10 0.02328481582
3/31/2021 1996.68 -0.0129109063 3/31/2021 14690.70 -0.01040069909
4/1/2021 2015.37 0.00936052414 4/1/2021 14867.35 0.012024574163
4/5/2021 1986.21 -0.0144669702 4/5/2021 14637.80 -0.015439860502
4/6/2021 1977.94 -0.0041653768 4/6/2021 14683.50 0.003122067224
4/7/2021 1996.43 0.00934836486 4/7/2021 14819.05 0.009231436987
 4/8/2021 1998.92 0.00124820153 4/8/2021 14873.80 0.003694568864
4/9/2021 1975.69 -0.0116188868 4/9/2021 14834.85 -0.002618711863
4/12/2021 1905.02 -0.0357710227 4/12/2021 14310.80 -0.035325589259
4/13/2021 1925.61 0.01080498962 4/13/2021 14504.80 0.013556195506
4/15/2021 1938.07 0.0064706718 4/15/2021 14581.45 0.005284484518
4/16/2021 1925.90 -0.0062747567 4/16/2021 14617.85 0.002496282161
4/19/2021 1895.60 -0.0157342232 4/19/2021 14359.45 -0.017676978551
4/20/2021 1895.05 -0.0002891409 4/20/2021 14296.40 -0.004390822987
4/22/2021 1900.29 0.00276148039 4/22/2021 14406.15 0.007676757575
4/23/2021 1898.24 -0.0010754055 4/23/2021 14341.35 -0.004498133106
4/26/2021 1931.64 0.0175913046 4/26/2021 14485.00 0.010016518314
4/27/2021 1982.27 0.02621467366 4/27/2021 14653.05 0.011601643424
4/28/2021 1990.90 0.00434971074 4/28/2021 14864.55 0.01443385526
4/29/2021 2017.56 0.01339306051 4/29/2021 14894.90 0.002041809971
4/30/2021 1988.10 -0.0145994798 4/30/2021 14631.10 -0.017710812095
5/3/2021 1952.77 -0.0177738063 5/3/2021 14634.15 0.000208513514
5/4/2021 1910.45 -0.0216687082 5/4/2021 14496.50 -0.009406107449
5/5/2021 1913.94 0.00182614635 5/5/2021 14617.85 0.008370959128
5/6/2021 1924.81 0.00567675737 5/6/2021 14724.80 0.007316411022
5/7/2021 1925.56 0.00038844446 5/7/2021 14823.15 0.006679247752
5/10/2021 1920.02 -0.0028730543 5/10/2021 14942.35 0.008041422697
5/11/2021 1926.95 0.00360815075 5/11/2021 14850.75 -0.006130201166
5/12/2021 1907.02 -0.0103458319 5/12/2021 14696.50 -0.010386680807
5/14/2021 1931.09 0.01262319842 5/14/2021 14677.80 -0.001272425067
5/17/2021 1954.06 0.01189793179 5/17/2021 14923.15 0.016715760486
5/18/2021 1981.58 0.01407910704 5/18/2021 15108.10 0.012393443285
5/19/2021 1990.65 0.00457763221 5/19/2021 15030.15 -0.005159432359
5/20/2021 1979.03 -0.0058336186 5/20/2021 14906.05 -0.008256776065
5/21/2021 1996.13 0.00863810158 5/21/2021 15175.30 0.018063135675
5/24/2021 1979.28 -0.0084392481 5/24/2021 15197.70 0.001476108564
5/25/2021 1956.85 -0.0113313047 5/25/2021 15208.45 0.000707343865
5/26/2021 1963.73 0.00351478779 5/26/2021 15301.45 0.006115021505
5/27/2021 1969.76 0.00307094614 5/27/2021 15337.85 0.002378821193
5/28/2021 2088.08 0.06006779003 5/28/2021 15435.65 0.006376433757
5/31/2021 2153.37 0.03126793637 5/31/2021 15582.80 0.009533088031
6/1/2021 2161.95 0.00398085505 6/1/2021 15574.85 -0.000510190473
6/2/2021 2194.19 0.01491542892 6/2/2021 15576.20 8.67158293E-05
6/3/2021 2202.56 0.00381600574 6/3/2021 15690.35 0.007328450622
6/4/2021 2183.48 -0.0086665446 6/4/2021 15670.25 -0.001281017281
6/7/2021 2220.26 0.01684549812 6/7/2021 15751.65 0.005194581516
6/8/2021 2207.50 -0.0057465355 6/8/2021 15740.10 -0.000733306143
6/9/2021 2168.03 -0.0178813888 6/9/2021 15635.35 -0.006654976944
6/10/2021 2176.00 0.00367816915 6/10/2021 15737.75 0.00654928694
6/11/2021 2213.15 0.01707256526 6/11/2021 15799.35 0.00391413061
6/14/2021 2244.90 0.01434606846 6/14/2021 15811.85 0.000791171808
6/15/2021 2250.00 0.00227185987 6/15/2021 15869.25 0.003630213569
6/16/2021 2211.60 -0.0170666231 6/16/2021 15767.55 -0.006408632733
6/17/2021 2215.65 0.00183116469 6/17/2021 15691.40 -0.004829502043
6/18/2021 2225.65 0.00451334843 6/18/2021 15683.35 -0.000513069694
6/21/2021 2237.25 0.00521200481 6/21/2021 15746.50 0.004026588234
6/22/2021 2225.75 -0.0051402391 6/22/2021 15772.75 0.001667037119
6/23/2021 2205.35 -0.0091654058 6/23/2021 15686.95 -0.005439749251
6/24/2021 2153.50 -0.0235110507 6/24/2021 15790.45 0.006597840798
6/25/2021 2104.45 -0.0227768976 6/25/2021 15860.35 0.004426689115
6/28/2021 2086.00 -0.0087671132 6/28/2021 15814.70 -0.00287820982
6/29/2021 2087.80 0.00086291898 6/29/2021 15748.45 -0.004189140432
6/30/2021 2110.65 0.01094446425 6/30/2021 15721.50 -0.001711291884
7/1/2021 2097.95 -0.0060170808 7/1/2021 15680.00 -0.00263969723
7/2/2021 2129.05 0.01482404191 7/2/2021 15722.20 0.002691338967
7/5/2021 2150.20 0.00993396187 7/5/2021 15834.35 0.007133188269
7/6/2021 2124.80 -0.0118128093 7/6/2021 15818.25 -0.001016752149
7/7/2021 2110.05 -0.0069418297 7/7/2021 15879.65 0.003881617183
7/8/2021 2092.60 -0.0082699228 7/8/2021 15727.90 -0.009556255728
7/9/2021 2071.20 -0.0102265822 7/9/2021 15689.80 -0.002422483933
7/12/2021 2084.10 0.00622834459 7/12/2021 15692.60 0.000178447401
7/13/2021 2099.70 0.00748517454 7/13/2021 15812.35 0.007630985495
7/14/2021 2086.00 -0.0065247184 7/14/2021 15853.95 0.002630892121
7/15/2021 2082.35 -0.0017497133 7/15/2021 15924.20 0.004431072328
7/16/2021 2112.40 0.01443071654 7/16/2021 15923.40 -5.02256936E-05
7/19/2021 2098.95 -0.0063671424 7/19/2021 15752.40 -0.01073891228
7/20/2021 2093.80 -0.0024535611 7/20/2021 15632.10 -0.007636980969
7/22/2021 2120.70 0.01284740728 7/22/2021 15824.05 0.012279233168
7/23/2021 2105.70 -0.0070731364 7/23/2021 15856.05 0.002022238327
7/26/2021 2076.85 -0.0137008376 7/26/2021 15824.45 -0.001992905572
7/27/2021 2055.00 -0.0105207872 7/27/2021 15746.45 -0.004929081203
7/28/2021 2037.35 -0.0085888195 7/28/2021 15709.40 -0.002352898815
7/29/2021 2053.25 0.0078042674 7/29/2021 15778.45 0.004395444911
7/30/2021 2035.30 -0.0087422141 7/30/2021 15763.05 -0.000976039459
8/2/2021 2072.50 0.01827737931 8/2/2021 15885.15 0.00774600014
8/3/2021 2087.75 0.00735826297 8/3/2021 16130.75 0.015460955858
8/4/2021 2103.75 0.00766375284 8/4/2021 16258.80 0.007938242487
8/5/2021 2134.25 0.01449792038 8/5/2021 16294.60 0.002201872489
8/6/2021 2089.05 -0.0211783769 8/6/2021 16238.20 -0.003461233498
8/9/2021 2077.15 -0.0056964394 8/9/2021 16258.25 0.001234730744
8/10/2021 2088.05 0.00524764582 8/10/2021 16280.10 0.001343909031
8/11/2021 2117.30 0.01400828491 8/11/2021 16282.25 0.000132087091
8/12/2021 2110.50 -0.0032116605 8/12/2021 16364.40 0.005045395507
8/13/2021 2145.65 0.0166547747 8/13/2021 16529.10 0.010064482295
8/16/2021 2173.50 0.01297979599 8/16/2021 16563.05 0.002054024285
8/17/2021 2164.25 -0.0042558086 8/17/2021 16614.60 0.00311227857
 8/18/2021 2172.65 0.00388120688 8/18/2021 16568.85 -0.002753602318
8/20/2021 2148.25 -0.0112304803 8/20/2021 16450.50 -0.007142898378
8/23/2021 2162.35 0.00656352752 8/23/2021 16496.45 0.002793180694
8/24/2021 2183.70 0.00987344881 8/24/2021 16624.60 0.007768362046
8/25/2021 2202.60 0.00865510254 8/25/2021 16634.65 0.000604572876
8/26/2021 2230.45 0.01264408052 8/26/2021 16636.90 0.000135259831
8/27/2021 2227.40 -0.0013674591 8/27/2021 16705.20 0.004105261581
8/30/2021 2270.25 0.01923772106 8/30/2021 16931.05 0.013519836492
8/31/2021 2258.15 -0.0053298527 8/31/2021 17132.20 0.011880446205
9/1/2021 2267.10 0.00396350835 9/1/2021 17076.25 -0.003265734789
9/2/2021 2294.40 0.01204172856 9/2/2021 17234.15 0.009246783749
9/3/2021 2388.50 0.04101294544 9/3/2021 17323.60 0.00519023079
9/6/2021 2425.60 0.01553280218 9/6/2021 17377.80 0.003128747675
9/7/2021 2440.90 0.00630763662 9/7/2021 17362.10 -0.000903518932
9/8/2021 2431.35 -0.0039124112 9/8/2021 17353.50 -0.000495309277
9/9/2021 2425.60 -0.0023649412 9/9/2021 17369.25 0.000907597891
9/13/2021 2371.55 -0.0222831657 9/13/2021 17355.30 -0.000803098522
9/14/2021 2368.45 -0.0013072033 9/14/2021 17380.00 0.001423151308
9/15/2021 2378.30 0.00415887952 9/15/2021 17519.45 0.008023545397
9/16/2021 2428.20 0.02098133161 9/16/2021 17629.50 0.006281634749
9/17/2021 2390.55 -0.0155052725 9/17/2021 17585.15 -0.002515647579
9/20/2021 2394.35 0.00158961282 9/20/2021 17396.90 -0.01070505488
9/21/2021 2404.70 0.00432261473 9/21/2021 17562.00 0.009490173841
9/22/2021 2430.50 0.01072900966 9/22/2021 17546.65 -0.000874023972
9/23/2021 2489.90 0.02443937544 9/23/2021 17822.95 0.01574652836
9/24/2021 2482.70 -0.0028916628 9/24/2021 17853.20 0.001697249968
9/27/2021 2524.45 0.01681636961 9/27/2021 17855.10 0.000106445348
9/28/2021 2548.05 0.00934860998 9/28/2021 17748.60 -0.00596468249
9/29/2021 2527.85 -0.0079276116 9/29/2021 17711.30 -0.002101508222
9/30/2021 2519.25 -0.0034021392 9/30/2021 17618.15 -0.005259375986
10/1/2021 2523.70 0.00176637928 10/1/2021 17532.05 -0.004886983485
10/4/2021 2556.15 0.012858086 10/4/2021 17691.25 0.009080467596
10/5/2021 2609.20 0.02075388809 10/5/2021 17822.30 0.007407660906
10/6/2021 2559.85 -0.0189137873 10/6/2021 17646.00 -0.009892144856
10/7/2021 2572.40 0.00490255426 10/7/2021 17790.35 0.008180301995
10/8/2021 2671.25 0.0384271893 10/8/2021 17895.20 0.005893622796
10/11/2021 2652.65 -0.006963069 10/11/2021 17945.95 0.002835956134
10/12/2021 2667.80 0.00571132549 10/12/2021 17991.95 0.002563252545
10/13/2021 2694.95 0.01017688789 10/13/2021 18161.75 0.009437597835
10/14/2021 2700.40 0.00202228282 10/14/2021 18338.55 0.009734787727
10/18/2021 2707.60 0.00266634434 10/18/2021 18477.05 0.007552396133
10/19/2021 2731.85 0.00895627091 10/19/2021 18418.75 -0.003155307722
10/20/2021 2700.40 -0.0115124164 10/20/2021 18266.60 -0.008260625232
10/21/2021 2622.50 -0.0288475429 10/21/2021 18178.10 -0.004844908297
10/22/2021 2627.40 0.00186840877 10/22/2021 18114.90 -0.003476668043
10/25/2021 2601.80 -0.009743417 10/25/2021 18125.40 0.000579633328
10/26/2021 2661.05 0.0227726954 10/26/2021 18268.40 0.00788948089
10/27/2021 2627.40 -0.0126454393 10/27/2021 18210.95 -0.003144838671
10/28/2021 2598.60 -0.0109613325 10/28/2021 17857.25 -0.019422338438
10/29/2021 2536.25 -0.0239937257 10/29/2021 17671.65 -0.010393515743
11/1/2021 2537.80 0.00061115781 11/1/2021 17929.65 0.014599655057
11/2/2021 2500.80 -0.0145795568 11/2/2021 17888.95 -0.002270048278
11/3/2021 2483.60 -0.0068777794 11/3/2021 17829.20 -0.003340050848
11/4/2021 2498.85 0.00614028 11/4/2021 17916.80 0.004913376138
11/8/2021 2501.95 0.00124051179 11/8/2021 18068.55 0.008469704042
11/9/2021 2521.70 0.00789384296 11/9/2021 18044.25 -0.001344921421
11/10/2021 2549.90 0.01118291293 11/10/2021 18017.20 -0.001499135791
11/11/2021 2554.55 0.00182365864 11/11/2021 17873.60 -0.007970140545
11/12/2021 2593.10 0.01509073937 11/12/2021 18102.75 0.012820606706
11/15/2021 2577.80 -0.0059002925 11/15/2021 18109.45 0.000370066371
11/16/2021 2517.90 -0.0232369252 11/16/2021 17999.20 -0.006087981952
11/17/2021 2464.00 -0.0214066897 11/17/2021 17898.65 -0.005586294522
11/18/2021 2473.30 0.00377437054 11/18/2021 17764.80 -0.007478195678
11/22/2021 2363.75 -0.0442930687 11/22/2021 17416.55 -0.0196033721
11/23/2021 2385.85 0.00934959196 11/23/2021 17503.35 0.004983697926
11/24/2021 2351.40 -0.0144393799 11/24/2021 17415.05 -0.005044681731
11/25/2021 2492.95 0.06019820316 11/25/2021 17536.25 0.006959452517
11/26/2021 2412.60 -0.0322308328 11/26/2021 17026.45 -0.029071254173
11/29/2021 2441.50 0.01197873698 11/29/2021 17053.95 0.001615134174
11/30/2021 2405.40 -0.0147860324 11/30/2021 16983.20 -0.004148599195
1, 2020 - Dec 01, 2021 )

BETA= 1.0149357

SUMMARY OUTPUT

Regression Statistics
Multiple R 0.6200222
R Square 0.3844275
Adjusted R S0.3819047
Standard Err0.0125247
Observation 246

ANOVA
df SS MS F Significance F
Regression 1 0.023903 0.023903 152.379 1.602E-27
Residual 244 0.038276 0.000157
Total 245 0.062179

Coefficients
Standard Error t Stat P-value Lower 95%Upper 95%Lower 95.0%
Upper 95.0%
Intercept -0.000134 0.000804 -0.167218 0.867337 -0.001717 0.001449 -0.001717 0.001449
X Variable 1 1.014936 0.08222 12.34419 1.602E-27 0.852985 1.176887 0.852985 1.176887

INTERPRETATION
β = 1.0149357
β˃1
Therefore, it is an Aggressive stock , the stock has more (systematic) risk than the
market. Thus, the stock is more volatile than the broader market and the stock
prices swing more wildly in the market in comparison to others.
Upper 95.0%

han the
stock