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Bajaj Broking Research Desk’s Diwali Stock Picks 2026: Upside Potential Up To 19%
By Bajaj Broking Team
5 November 2026
2 mins read
Market News
Summary:
Bajaj Broking Research Desk’s Diwali Stock Picks 2026 present nine ideas combining fundamental and technical analysis. Fundamental picks include Mahindra and Mahindra, Varun Beverages, CG Power and Industrial Solutions, GE Vernova T&D India, Sudarshan Chemical Industries and Rolex Rings, with targets implying 10–16% upside. Technical picks are ICICI Bank, Adani Power and Lloyds Engineering Works, with upside of 12–19%.
Diwali, a festival that celebrates the triumph of light over darkness, has long been associated with new beginnings, prosperity and auspicious investments. In 2026, this symbolism resonates particularly well with Indian equity markets, where navigating uncertainty and identifying opportunities remain key to the investment journey.
Against this backdrop, the Bajaj Broking Research Desk presents its Diwali Stock Picks 2026 - a curated selection of stocks identified through a combination of in-house fundamental research and technical analysis.
Here is the list of stock ideas that may offer meaningful upside potential over the next 12 months:
A. Fundamental Picks
1. Mahindra & Mahindra Ltd
| Particulars | Details |
|---|---|
| Market Cap | ₹3,614.94 bn |
| Entry Range | ₹2,860–2,890 |
| Target Price | ₹3,251 |
| Upside Potential | 13% |
About the Company
Mahindra & Mahindra is India's largest SUV maker by revenue share (25.3% in FY26) and the country's biggest tractor company (43.6% share). It also leads small pick-ups (52.3%) and electric three-wheelers (40.0%), and holds stakes in Tech Mahindra, Mahindra Finance, the EV arm MEAL and a string of listed and unlisted businesses, so the stock trades partly as an OEM and partly as a holding company.
Earnings Growth from a Mid-Cycle Base
Consolidated EPS is estimated to rise from ₹153.1 in FY26A to ₹237.3 in FY29E, with PAT growing at approximately 16% annually. FY26 was a strong tractor year, while Auto margins remained below normal due to commodity pressures. Consequently, FY27E standalone EBITDA is only 1.6% above the mid-cycle estimate, indicating that forecasts do not rely on a peak year.
Pricing Power Protects Profitability
Standalone EBITDA is expected to rise from ₹209.8 billion in FY26A to ₹282.9 billion in FY29E. Price increases contribute ₹69.8 bn, exceeding the contribution from volume growth in existing models (₹32.6 bn) and new launches (₹23.3 bn). These pricing actions are expected to offset ₹77.2 billion in commodity pressures and maintain margins near 13.3%.
Capacity Expansion Supports the Next SUV Growth Cycle
SUV plants operated at approximately 91% utilisation in FY26. ICE capacity is expected to increase from 56,500 to 80,000 units per month by FY28, with the first NU_IQ models arriving in FY28 and the Nagpur plant following in H1CY2029. These expansions are expected to support domestic UV volumes rising from 0.66 million to 0.95 million units by FY29E.
EV Leadership with Limited Cash Drain
EVs account for 12% of M&M's SUV sales, compared with 9% for the industry, while eSUV volumes grew 77% YoY. MEAL reported PBIT of ₹2.42 billion in FY26 and is EBITDA-positive even without PLI support. Consequently, parent funding requirements are expected to remain limited at ₹12.0 bn, ₹10.0 billion and ₹8.0 billion over FY27E–FY29E, respectively.
Cash-Rich Balance Sheet and Embedded Group Value
Standalone net cash is projected to increase from ₹319.1 billion to ₹635.9 billion by FY29E, with the capex plan funded internally. Listed stakes in Tech Mahindra, Mahindra Finance, SML Mahindra, Mahindra Lifespaces and others are worth about ₹836.6 billion at market prices. ROCE is also expected to improve from 41.5% to 48.9%.
Shareholding (%)
| Particulars | Q2FY27 | Q1FY27 | Q4FY26 |
|---|---|---|---|
| Promoter | 18.4% | 18.4% | 18.5% |
| FII | 33.3% | 34.9% | 36.2% |
| DII | 34.2% | 32.6% | 31.4% |
| Others | 14.1% | 14.1% | 14.0% |
Financials (₹ mn)
| Particulars | FY26A | FY27E | FY28E |
|---|---|---|---|
| Revenue | 1,986,386 | 2,297,074 | 2,596,726 |
| EBITDA | 375,614 | 425,077 | 488,948 |
| PAT | 186,217 | 219,731 | 254,587 |
| EPS (₹) | 153.1 | 180.9 | 208.6 |
2. Varun Beverages Ltd
| Particulars | Details |
|---|---|
| Market Cap | ₹1,325.94 bn |
| Entry Range | ₹394–402 |
| Target Price | ₹459 |
| Upside Potential | 15% |
About the Company
Varun Beverages is the largest bottler PepsiCo has outside the United States, selling in 27 countries and reporting on a calendar year. It makes and delivers the drinks – colas, Sting, juice drinks, dairy and water – while PepsiCo owns the brands and sells VBL the concentrate. India is about two-thirds of volume; the rest comes from Morocco, Zimbabwe, Zambia, the DRC, Nepal, Sri Lanka, South Africa and, from this year, Kenya.
Volume-Led Earnings Compounding
Sales rose from 569 million cases in CY21 to 1,220 million in CY25 and are expected to reach 1,941 million by CY28E, implying 16.7% annual growth. Growth has been driven by volumes rather than pricing, with realisation per case rising only from ₹155 to ₹180 over 5 years. This is expected to drive EBITDA from ₹50.3 billion in CY25 to ₹91.9 billion and EPS from ₹8.8 to ₹16.1 by CY28E.
Operating Leverage from Installed Capacity
In most African markets, production during the peak quarter is already near capacity, prompting new lines in Morocco, Zimbabwe and the DRC. Once these expansions are complete, existing coolers and outlets can handle additional volumes at minimal incremental cost, lifting EBITDA margins from 22.5% in CY26E to 24.1% in CY28E.
International Growth Engine
International volumes reaches 506 million cases in CY26E, up 32.8%, after growing over 20% in every quarter this year before acquisitions. Twizza merged into BevCo on August 1, 2026. As Twizza produces its own packaging, international gross margins have held up better than India's. In Zimbabwe, the market has grown from 35 million cases when VBL entered to nearly 75 mn.
Cost Levers Absorbing Inflation
In Q3, revenue rose 33.2% to ₹66,076 million and EBITDA grew 25.1% to ₹14,267 mn, with margins declining only 140 bps to 21.6% despite a ~300 bps packaging cost hit. More than half of the cost increase has already been recovered through savings, while low/no-sugar drinks rising to 88% of India's mix from 44% have largely offset a 16% increase in sugar costs.
Self-Funding Growth
Net debt excluding leases of ₹256 million in CY25 is expected to turn into net cash of ₹52.9 billion by CY28E, as cash from trading rises from ₹43.8 billion to ₹70.7 bn. ROCE is expected to improve from 18.2% to 22.0% and ROE from 16.6% to 18.7%, as higher volumes utilise factories that have already been built.
Shareholding (%)
| Particulars | Q3CY26 | Q2CY26 | Q1CY26 |
|---|---|---|---|
| Promoter | 59.4% | 59.4% | 59.4% |
| FII | 17.5% | 19.0% | 19.5% |
| DII | 16.3% | 15.2% | 14.4% |
| Others | 6.8% | 6.4% | 6.7% |
Financials (₹ mn)
| Particulars | CY25A | CY26E | CY27E |
|---|---|---|---|
| Revenue | 219,676 | 273,114 | 327,266 |
| EBITDA | 50,330 | 61,506 | 76,569 |
| PAT | 30,185 | 35,574 | 44,731 |
| EPS (₹) | 8.8 | 10.5 | 13.2 |
3. CG Power & Industrial Solutions Ltd
| Particulars | Details |
|---|---|
| Market Cap | ₹1,286.06 bn |
| Entry Range | ₹800–820 |
| Target Price | ₹938 |
| Upside Potential | 16% |
About the Company
CG Power & Industrial Solutions is a global enterprise providing end-to-end solutions to utilities, industries and consumers for the management and application of efficient and sustainable electrical energy. It offers products, services and solutions across two main segments – Power Systems and Industrial Systems – and maintains a healthy order backlog of ₹218.20 bn.
25%+ Growth with Expanding Margins
Revenue is estimated to grow 25.6% in FY27E and 26.7% in FY28E to ₹197.5 bn, with EBITDA rising from ₹16.3 billion to ₹27.8 billion as margins expand from 13.1% to 14.1%. EPS is expected to rise from ₹7.7 in FY26 to ₹13.4 in FY28E.
Transformer Capacity Step-Up
The newly commissioned greenfield transformer facility in Madhya Pradesh, reportedly India's largest at a single location, was completed in 13 months across 50+ acres. It will make 220 kV–1200 kV transformers, with peak capacity of around 35 units per month, while Bhopal capacity expansion continues. The Power Systems backlog of ₹189.64 billion provides strong execution visibility.
Motors Margin Turnaround
The motors business has crossed double-digit margins, driven by CG Edge productivity initiatives, portfolio optimisation and waste reduction. Price hikes of over 30% in the past 12 months have largely offset commodity inflation. A next-generation motor platform is rolling out over 9–12 months, while permanent magnet and IE5+ motors should improve export competitiveness. Industrial backlog stands at ₹28.56 bn.
Sharply Improving Returns
ROE is estimated to rise from 15.0% in FY26 to 26.1% in FY28E, while ROCE is expected to improve from 20.7% to 33.9%, with debt-to-equity at 0.1x. Management sees structural tailwinds from T&D capex, railway modernisation and Make in India.
Semiconductor Optionality
CG Power has invested around ₹10 billion in its semiconductor project, matched by government capital support. Subsidiary Axiro Semiconductor acquired TOSIL Systems in Q2FY27, with qualification expected to begin next year and commercial production targeted for FY29.
Shareholding (%)
| Particulars | Q2FY27 | Q1FY27 | Q4FY26 |
|---|---|---|---|
| Promoter | 56.4 | 56.4 | 56.4 |
| FII | 11.1 | 12.0 | 12.0 |
| DII | 19.0 | 18.2 | 18.0 |
| Others | 13.6 | 13.4 | 13.6 |
Financials (₹ mn)
| Particulars | FY26 | FY27E | FY28E |
|---|---|---|---|
| Revenue | 124,179 | 155,929 | 197,485 |
| EBITDA | 16,253 | 21,830 | 27,845 |
| PAT | 11,968 | 16,676 | 20,772 |
| EPS (₹) | 7.7 | 10.8 | 13.4 |
4. GE Vernova T&D India Ltd
| Particulars | Details |
|---|---|
| Market Cap | ₹1,058.0 bn |
| Entry Range | ₹4,080–4,165 |
| Target Price | ₹4,545 |
| Upside Potential | 10% |
About the Company
GE Vernova T&D India is the listed Indian arm of GE Vernova's power grid business, 51.0% parent-held. It sells equipment outright – transformers to 1200 kV, switchgear to 800 kV, instrument transformers, breakers, bushings and reactors (₹18.6 billion in FY26) – and executes projects and services (₹42.9 bn) recognised as work proceeds, so revenue is drawn from the order book. Above both sit complete HVDC systems, FACTS, STATCOM and grid automation. Exports were 32.7% of FY26 sales.
Order Book Underwrites Growth
The order book stood at ₹214.4 billion as of September 30, over three years of FY26 revenue, and excludes the 6,000 MW Barmer II–South Kalamb HVDC project, where the company is the lowest bidder (estimated ₹65.0 bn). Revenue is expected to rise from ₹62.1 billion in FY26 to ₹93.9 billion in FY28E, with EPS increasing from ₹48.17 to ₹72.78.
Margins at the Top of Guidance
Gross margin recovered to 44.5% in Q2 from 41.3% in Q1, while H1 EBITDA margin of 26.2% sits at the top of the mid-20s guidance reaffirmed on October 30, 2026. H1 revenue rose 35% to ₹38.6 bn, with profit at ₹7.9 bn. Q2 order intake grew 52% to ₹24.4 bn, without any single large contract driving growth.
Multi-Year HVDC and Transmission Pipeline
At least 2 to 3 more HVDC projects are expected to be tendered next year, alongside meaningful STATCOM orders in Q4 and a strong pipeline of competitively bid transmission projects. Demand is driven by long-distance renewable power transmission, grid digitalisation and the integration of flexible capacity and storage.
Localisation and Export Recovery
HVDC transformers, valves and control systems are now made in India, with 68% local content overall. Exports recovered to 29% of H1FY27 order intake from 8% in FY26, with H1 export orders of about ₹10.4 billion versus ₹11.8 billion for all of FY26. A ₹10.0 billion capacity expansion is underway, with around 20% spent.
Customer-Funded Cash Generation
Advances rise with order intake, allowing customers to fund working capital. FY27E operating cash flow of ₹11.8 billion and free cash flow of ₹7.6 billion, rising to ₹11.2 billion, are expected to support net cash of ₹41.4 billion by FY28E, with ROE at 49.6% in FY27E.
Shareholding (%)
| Particulars | Q2FY27 | Q1FY27 | Q4FY26 |
|---|---|---|---|
| Promoter | 51.00% | 51.00% | 51.00% |
| FII | 19.16% | 22.89% | 20.39% |
| DII | 22.18% | 18.46% | 21.39% |
| Others | 7.67% | 7.65% | 7.22% |
Financials (₹ mn)
| Particulars | FY26A | FY27E | FY28E |
|---|---|---|---|
| Revenue | 62,063 | 82,665 | 93,864 |
| EBITDA | 16,838 | 21,493 | 23,560 |
| PAT | 12,334 | 16,888 | 18,634 |
| EPS (₹) | 48.17 | 65.95 | 72.78 |
5. Sudarshan Chemical Industries Ltd
| Particulars | Details |
|---|---|
| Market Cap | ₹82.13 bn |
| Entry Range | ₹1,010–1,035 |
| Target Price | ₹1,144 |
| Upside Potential | 12% |
About the Company
Sudarshan is India's largest pigment manufacturer and, after the Heubach acquisition, a top-tier global colorants platform with ~253,000 MT of capacity across 19 sites in 11 countries. It is best assessed as two earnings streams: legacy Sudarshan Pigments (India, ~78,000 MT), which is structurally profitable, and acquired Group Pigments (ex-India, ~175,000 MT), a turnaround asset earning well below its capability.
Mahindra Mahindra Ltd
Trade3069.4107.50 (3.62 %)
Updated - 05 November 2026
2. Adani Power
Particulars | Details |
Market Cap | ₹3,744.32 bn |
Entry Range | ₹188–194 |
Target Price | ₹223 |
Upside Potential | 16% |
Technical Setup
The last 5 months' corrective decline in Adani Power's share price appears to have approached maturity, with the stock rebounding after taking support at the major support area of 175, which coincides with the 52-week EMA and the neckline of the previous major cup-and-handle breakout in April 2026.
The stock has rebounded from this support area and started forming higher highs on the weekly chart, signalling a return of positive momentum.
We expect the stock to resume its primary uptrend and head towards 223 levels in the coming quarters, being the 61.8% retracement of the previous decline from 254 to 175.
The weekly stochastic has also generated a buy signal, highlighting strength.
3. Lloyds Engineering Works
| Particulars | Details |
|---|---|
| Market Cap | ₹130.71 bn |
| Entry Range | ₹82–84 |
| Target Price | ₹99 |
| Upside Potential | 19% |
Technical Setup
The stock is an outperformer in the current year and is forming higher highs and higher lows on the long-term chart. In the current year, it has generated a breakout above the two-year consolidation range of 35–77 and rallied further.
The stock has strong support at 75–77 levels, being the upper band of the recent range breakout and the 52-week EMA.
We expect the stock to extend its outperformance and head towards the 99–104 levels in the coming quarters, which is the recent all-time high.
On the volume front, the stock has seen price rises accompanied by strong volumes, while volumes remain relatively low during price declines, highlighting greater participation in the direction of the trend.
Conclusion
Bajaj Broking Research Desk’s Diwali Picks 2026 bring together a blend of fundamentally strong companies and technically promising opportunities across sectors such as automobiles, banking, power, beverages, specialty chemicals, manufacturing and engineering. Each stock has been selected through in-house fundamental research and technical analysis, with a focus on earnings visibility, business strength and favourable price trends.
Share Market Latest News
Published Date :
05 Nov 2026
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ADDITIONAL DISCLAIMER FOR U.S. PERSONS
Bajaj Financial Securities Limited is not a registered broker-dealer under the U.S. Securities Exchange Act of 1934, as amended (the"1934 act") and under applicable state laws in the United States. In addition, Bajaj Financial Securities Limited is not a registered investment adviser under the U.S. Investment Advisers Act of 1940, as amended (the "Advisers Act" and together with the 1934 Act, the "Acts), and under applicable state laws in the United States. Accordingly, in the absence of specific exemption under the Acts, any brokerage and investment services provided by Bajaj Financial Securities Limited, including the products and services described herein are not available to or intended for U.S. persons. This email message does not constitute an offer or invitation to purchase or subscribe for any securities or solicitation of any investments or investment services and/or shall not be considered as an advertisement tool. "U.S. Persons" are generally defined as a natural person, residing in the United States or any entity organized or incorporated under the laws of the United States. US Citizens living abroad may also be deemed "US Persons" under certain rules.
ADDITIONAL DISCLAIMER FOR CANADIAN PERSONS
Bajaj Financial Securities Limited is not a registered adviser or dealer under applicable Canadian securities laws nor has it obtained an exemption from the adviser and/or dealer registration requirements under such law. Accordingly, any brokerage and investment services provided by Bajaj Financial Securities Limited, including the products and services described herein are not available to or intended for Canadian persons.
This mailer and its respective contents do not constitute an offer or invitation to purchase or subscribe for any securities or solicitation of any investments or investment services.
DISCLAIMER FOR REPORT DISCLOSURES UNDER THE PROVISIONS OF SEBI (RESEARCH ANALYSTS) REGULATIONS 2014 (REGULATIONS)
Bajaj Financial Securities Limited ("Bajaj Broking" or "Research Entity") is regulated by the Securities and Exchange Board of India ("SEBI") and is licensed to carry on the business of broking, depository services and related activities.
This Report has been prepared by Bajaj Financial Securities Limited in the capacity of a Research Analyst having SEBI Registration No. INH000010043 and distributed as per SEBI (Research Analysts) Regulations 2014. This report does not constitute an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. The information contained herein is from publicly available data or other sources believed to be reliable. This report is provided for assistance only and is not intended to be and must not alone be taken as the basis for an investment decision. The user assumes the entire risk of any use made of this information. Each recipient of this report should make such investigation as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document (including the merits and risks involved), and should consult his own advisors to determine the merits and risks of such investment. The investment discussed or views expressed may not be suitable for all investors.
This information is strictly confidential and is being furnished to you solely for your information. This information should not be reproduced or redistributed or passed on directly or indirectly in any form to any other person or published, copied, in whole or in part, for any purpose. This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subject Bajaj Financial Securities Limited and associates / group companies to any registration or licensing requirements within such jurisdiction. The distribution of this report in certain jurisdictions may be restricted by law, and persons in whose possession this report comes, should observe, any such restrictions. The information given in this report is as of the date of this report and there can be no assurance that future results or events will be consistent with this information. This information is subject to change without any prior notice. Bajaj Financial Securities Limited reserves the right to make modifications and alterations to this statement as may be required from time to time. Bajaj Financial Securities Limited or any of its associates / group companies shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report. Bajaj Financial Securities Limited is committed to providing independent and transparent recommendation to its clients. Neither Bajaj Financial Securities Limited nor any of its associates, group companies, directors, employees, agents or representatives shall be liable for any damages whether direct, indirect, special or consequential including loss of revenue or lost profits that may arise from or in connection with the use of the information. Our proprietary trading and investment businesses may make investment decisions that are inconsistent with the recommendations expressed herein. Past performance is not necessarily a guide to future performance .The disclosures of interest statements incorporated in this report are provided solely to enhance the transparency and should not be treated as endorsement of the views expressed in the report. The information provided in these reports remains, unless otherwise stated, the copyright of Bajaj Financial Securities Limited. All layout, design, original artwork, concepts and other Intellectual Properties, remains the property and copyright of Bajaj Financial Securities Limited and may not be used in any form or for any purpose whatsoever by any party without the express written permission of the copyright holders.
We offer our research services to clients as well as our prospects. Though this report is disseminated to all the customers simultaneously, not all customers may receive this report at the same time. We will not treat recipients as customers by virtue of their receiving this report.
Bajaj Financial Securities Limited and its associates, officer, directors, and employees, research analyst (including relatives) worldwide may: (a) from time to time, have long or short positions in, and buy or sell the securities thereof, of company(ies), mentioned herein or (b) be engaged in any other transaction involving such securities and earn brokerage or other compensation or act as a market maker in the financial instruments of the subject company/company(ies) discussed herein or act as advisor or lender/borrower to such company(ies) or have other potential/material conflict of interest with respect to any recommendation and related information and opinions at the time of publication of research report or at the time of public appearance. Bajaj Financial Securities Limited may have proprietary long/short position in the above-mentioned scrip(s) and therefore should be considered as interested. The views provided herein are general in nature and do not consider risk appetite or investment objective of any particular investor; readers are requested to take independent professional advice before investing. This should not be construed as invitation or solicitation to do business with Bajaj Financial Securities Limited.
Bajaj Financial Securities Limited or its associates may have received compensation from the subject company in the past 12 months. Bajaj Financial Securities Limited or its associates may have managed or co-managed public offering of securities for the subject company in the past 12 months. Bajaj Financial Securities Limited or its associates may have received compensation for investment banking or merchant banking or brokerage services from the subject company in the past 12 months. Bajaj Financial Securities Limited or its associates may have received any compensation for products or services other than investment banking or merchant banking or brokerage services from the subject company in the past 12 months. Bajaj Financial Securities Limited or its associates have not received any compensation or other benefits from the Subject Company or third party in connection with the research report. Research analyst or his/her relative or Bajaj Financial Securities Limited’s associates may have financial interest in the subject company. Bajaj Financial Securities Limited, its associates, research analyst and his/her relative may have other potential/material conflict of interest with respect to any recommendation and related information and opinions at the time of publication of research report or at the time of public appearance.
Research analyst has served as an officer, director or employee of subject Company: No
Bajaj Financial Securities Limited has financial interest in the subject companies: No
Bajaj Financial Securities Limited’s Associates may have actual/beneficial ownership of 1% or more securities of the subject company at the end of the month immediately preceding the date of publication of research report.
Research analyst or his/her relative has actual/beneficial ownership of 1% or more securities of the subject company at the end of the month immediately preceding the date of publication of research report: No
Bajaj Financial Securities Limited has actual/beneficial ownership of 1% or more securities of the subject company at the end of the month immediately preceding the date of publication of research report: No
Subject company may have been client during twelve months preceding the date of distribution of the research report.
There were no instances of non-compliance by Bajaj Financial Securities Limited on any matter related to the capital markets, resulting in significant and material disciplinary action during the last three years. A graph of daily closing prices of the securities is also available at NSE
ANALYST CERTIFICATION
The analyst for this report certifies that all of the views expressed in this report accurately reflect his or her personal views about the subject company or companies and its or their securities, and no part of his or her compensation was, is or will be, directly or indirectly related to specific recommendations or views expressed in this report.
RISK DISCLOSURE ON DERIVATIVES
- 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
- On an average, loss makers registered net trading loss close to ₹ 50,000.
- Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
- Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
SEBI study dated January 25, 2023 on “Analysis of Profit and Loss of Individual Traders dealing in equity Futures and Options (F&O) Segment”, wherein Aggregate Level findings are based on annual Profit/Loss incurred by individual traders in equity F&O during FY 2021-22.
BROKERAGE DISCLAIMER
All leveraged intraday positions will be squared off on the same day. There is no restriction on the withdrawal of the unutilised margin amount. Brokerage will not exceed the SEBI prescribed limit. Visit : Pricing
MTF
As subject to the provisions of SEBI Circular CIR/MRD/DP/54/2017 dated June 13, 2017, and the terms and conditions mentioned in the lights and obligations statement issued by the TM (if applicable).
US INVESTING
International investment is not supervised by any regulatory body in India. Thus, any claim or dispute relating to such investment or enforcement of any agreement/contract /claim will not be under laws and regulations of the recognized stock exchanges and investor protection under Indian Securities Law. The account opening process will be carried out on Vested platform and Bajaj Financial Securities Limited will not have any role in it.
IPO
This should not be construed as soliciting investment. Investors’ discretion is required. Kindly consult your financial expert before investing. No need to issue cheques by investors while subscribing to IPO. Investments in securities markets are subject to market risks, read all the related documents carefully before investing.
SCREENERS
Screeners is not Exchange-approved products and any disputes related to the same will not be dealt on the Exchange platform.
SECURITIES
Securities quoted are exemplary and not recommendatory.
IPV
Account would be open after all procedure relating to IPV and client due diligence is completed.
IMAGES
The images used are only for representation purpose. Proper due diligence has been done for the images and the image is not of any artist. The same is captured from royalty free sites.
THIRD PARTY PRODUCT DISCLAIMER
Bajaj Financial Securities Limited is a distributor for Non-Broking Products/Services such as Mutual Funds, Mutual Funds SIP, IPO, Bonds, Insurance, PMS, Global Investing, any other third-party products/services. These are not Exchange Traded Products, and we are only acting as distributors. All disputes with respect to the distribution activity, would not have access to SCORES/ODR, Exchange investor redressal forum or Arbitration mechanism. Please refer to the detailed disclaimer for Third-Party Products.
DISCLOSURE TO CLIENTS REGARDING PAYOUT OF FUNDS
As per SEBI circular no. SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/84 dated June 08, 2023, Stockbrokers are required to upstream the entire client funds lying with them to the Clearing Corporation. Based on client’s request the funds’ release request must be placed with the Clearing Corporation. Based on the internal process and cut-off timelines of the Clearing Corporation the funds will be released to the Stock Broker. In view of this new process, as specified by the regulatory and the cut-off time of Clearing Corporation/Banks processing the funds, Bajaj Financial Securities Limited cannot commit the exact time for releasing funds payout to its client. Clients are requested to note that, Bajaj Financial Securities Limited will not be responsible for any inconvenience caused to clients due to delay in release of funds payout, including fines, delayed charges, defaults, etc.