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ALGOQUANT

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Algoquant Fintech Ltd Share Price Update

ALGOQUANT FINTECH LIMITED made its market debut on 2026-01-06 and is currently trading at ₹55.77, up by ₹1.18 from its previous close. Today's session has seen the stock move between ₹54.32 and ₹55.79.

Algoquant Fintech Ltd performance

Today’s low Today’s high
₹ 54.32 ₹ 55.79
₹ 54.32
52 week low 52 week high
₹ 47.80 ₹ 71.01
₹ 54.32
Open Price ₹ 54.32
Prev. Close ₹ 54.59
Volume (Shares) 50.00
Total traded value ₹ .02
Upper Circuit ₹ 65.50
Lower Circuit ₹ 43.68
info

Investment Returns

Over 1 Month 9.70% Over 3 Months -10.02% Over 6 Months -21.05% Over 1 Year 0.00%
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Algoquant Fintech Ltd fundamentals


  • Market cap (Cr) 1,534.50
  • P/E Ratio (TTM) 85.53
  • Beta 1.07
  • Book Value / share 4.00
  • Return on equity 38.12%
  • EPS (TTM) 0.64
  • Dividend yield 0.00%
  • Net profit/quarter (Cr) 5.99
info icon alternate text
  • Market cap (Cr) 1,553.90
  • P/E Ratio (TTM) 85.53
  • Beta 0.70
  • Book Value / share 4.00
  • Return on equity 38.12%
  • EPS (TTM) 0.64
  • Dividend yield 0.00%
  • Net profit/quarter (Cr) 5.99
info icon alternate text

Algoquant Fintech Ltd Financials

  • Key Results
  • Key Ratios
  • Balance sheet
  • Cash Flow
  • Competition
info-icon
Revenue
Net income
Particulars DEC 2025 (Values in Cr)
Revenue 52.40
Operating Expense 44.67
Net Profit 5.99
Net Profit Margin (%) 11.43
Earnings Per Share (EPS) 0.21
EBITDA 11.31
Effective Tax Rate (%) 33.44
Particulars SEP 2025 (Values in Cr)
Revenue 51.29
Operating Expense 42.83
Net Profit 6.34
Net Profit Margin (%) 12.36
Earnings Per Share (EPS) 0.23
EBITDA 10.48
Effective Tax Rate (%) 29.16
Particulars JUN 2025 (Values in Cr)
Revenue 54.50
Operating Expense 49.55
Net Profit 4.55
Net Profit Margin (%) 8.34
Earnings Per Share (EPS) 0.16
EBITDA 9.48
Effective Tax Rate (%) 31.68
Particulars MAR 2025 (Values in Cr)
Revenue 53.91
Operating Expense 55.47
Net Profit 1.06
Net Profit Margin (%) 1.96
Earnings Per Share (EPS) 0.68
EBITDA 3.22
Effective Tax Rate (%) -197.22
Particulars DEC 2024 (Values in Cr)
Revenue 49.83
Operating Expense 50.66
Net Profit 1.11
Net Profit Margin (%) 2.22
Earnings Per Share (EPS) 1.06
EBITDA 3.49
Effective Tax Rate (%) -60.86
Particulars MAR 2025 (Values in Cr)
Revenue 234.55
Operating Expense 203.32
Net Profit 32.58
Net Profit Margin (%) 13.89
Earnings Per Share (EPS) 20.86
EBITDA 48.91
Effective Tax Rate (%) 13.80
Particulars MAR 2024 (Values in Cr)
Revenue 156.28
Operating Expense 135.82
Net Profit 24.82
Net Profit Margin (%) 15.88
Earnings Per Share (EPS) 30.88
EBITDA 44.30
Effective Tax Rate (%) 19.86
Particulars MAR 2023 (Values in Cr)
Revenue 12.84
Operating Expense 20.20
Net Profit -3.42
Net Profit Margin (%) -26.63
Earnings Per Share (EPS) -5.32
EBITDA -4.68
Effective Tax Rate (%) 54.85
Particulars MAR 2022 (Values in Cr)
Revenue 16.39
Operating Expense 13.94
Net Profit 3.43
Net Profit Margin (%) 20.92
Earnings Per Share (EPS) 4.27
EBITDA 3.84
Effective Tax Rate (%) -2.21
Particulars MAR 2021 (Values in Cr)
Revenue 3.24
Operating Expense 2.58
Net Profit 3.73
Net Profit Margin (%) 115.12
Earnings Per Share (EPS) 23.12
EBITDA 4.54
Effective Tax Rate (%) 15.15
Particulars MAR 2025 (Values in Cr)
Book Value / Share 64.64
ROE % 37.55
ROCE % 32.47
Total Debt to Total Equity 0.58
EBITDA Margin 20.57
Particulars MAR 2024 (Values in Cr)
Book Value / Share 85.74
ROE % 35.67
ROCE % 30.61
Total Debt to Total Equity 0.94
EBITDA Margin 28.16
Particulars MAR 2025 (Values in Cr)
Book Value / Share 65.20
ROE % 38.12
ROCE % 32.85
Total Debt to Total Equity 0.58
EBITDA Margin 20.85
Particulars MAR 2024 (Values in Cr)
Book Value / Share 86.01
ROE % 48.00
ROCE % 41.42
Total Debt to Total Equity 0.92
EBITDA Margin 28.31
Particulars MAR 2023 (Values in Cr)
Book Value / Share 42.67
ROE % -8.64
ROCE % -8.94
Total Debt to Total Equity 0.45
EBITDA Margin -30.42
Particulars MAR 2022 (Values in Cr)
Book Value / Share 41.74
ROE % 12.19
ROCE % 13.48
Total Debt to Total Equity 0.00
EBITDA Margin 21.16
Particulars MAR 2021 (Values in Cr)
Book Value / Share 125.15
ROE % 13.75
ROCE % 16.98
Total Debt to Total Equity 0.00
EBITDA Margin 44.29
Particulars MAR 2025 (Values in Cr)
Cash & Short Term Investments 117.62
Total Assets 215.54
Total Liabilities 215.54
Total Equity 100.94
Share Outstanding 0
Price to Book Ratio 13.84
Return on Assets (%) 14.79
Return on Capital (%) 24.45
Particulars MAR 2024 (Values in Cr)
Cash & Short Term Investments 205.90
Total Assets 304.07
Total Liabilities 304.07
Total Equity 68.90
Share Outstanding 0
Price to Book Ratio 15.51
Return on Assets (%) 8.08
Return on Capital (%) 18.85
Particulars MAR 2025 (Values in Cr)
Cash & Short Term Investments 117.31
Total Assets 216.32
Total Liabilities 216.32
Total Equity 101.82
Share Outstanding 1
Price to Book Ratio 13.84
Return on Assets (%) 15.06
Return on Capital (%) 24.81
Particulars MAR 2024 (Values in Cr)
Cash & Short Term Investments 205.80
Total Assets 303.82
Total Liabilities 303.82
Total Equity 69.11
Share Outstanding 0
Price to Book Ratio 15.51
Return on Assets (%) 8.16
Return on Capital (%) 19.01
Particulars MAR 2023 (Values in Cr)
Cash & Short Term Investments 3.19
Total Assets 71.83
Total Liabilities 71.83
Total Equity 34.28
Share Outstanding 0
Price to Book Ratio 12.15
Return on Assets (%) -4.75
Return on Capital (%) -5.28
Particulars MAR 2022 (Values in Cr)
Cash & Short Term Investments 1.86
Total Assets 43.25
Total Liabilities 43.25
Total Equity 33.54
Share Outstanding 0
Price to Book Ratio 9.80
Return on Assets (%) 7.92
Return on Capital (%) 10.22
Particulars MAR 2021 (Values in Cr)
Cash & Short Term Investments 0.35
Total Assets 25.32
Total Liabilities 25.32
Total Equity 20.11
Share Outstanding 0
Price to Book Ratio 1.16
Return on Assets (%) 14.72
Return on Capital (%) 18.54
Particulars MAR 2025 (Values in Cr)
Net Income 37.11
Cash from Operations 64.94
Cash from Investing -33.58
Cash from Financing -37.93
Net change in Cash -11.14
Free Cash Flow 68.57
Particulars MAR 2024 (Values in Cr)
Net Income 30.72
Cash from Operations -5.64
Cash from Investing 18.87
Cash from Financing -7.10
Net change in Cash 1.48
Free Cash Flow 0.90
Particulars MAR 2025 (Values in Cr)
Net Income 37.80
Cash from Operations 64.69
Cash from Investing -33.54
Cash from Financing -37.93
Net change in Cash -11.34
Free Cash Flow 68.28
Particulars MAR 2024 (Values in Cr)
Net Income 30.96
Cash from Operations -4.46
Cash from Investing 17.59
Cash from Financing -7.10
Net change in Cash 1.38
Free Cash Flow 1.86
Particulars MAR 2023 (Values in Cr)
Net Income -6.48
Cash from Operations -36.20
Cash from Investing 9.35
Cash from Financing 29.16
Net change in Cash 1.32
Free Cash Flow -35.38
Particulars MAR 2022 (Values in Cr)
Net Income 3.16
Cash from Operations 20.93
Cash from Investing -18.05
Cash from Financing -0.63
Net change in Cash 1.49
Free Cash Flow 22.11
Particulars MAR 2021 (Values in Cr)
Net Income 4.41
Cash from Operations -17.76
Cash from Investing 17.11
Cash from Financing -0.11
Net change in Cash -0.88
Free Cash Flow -17.76
Company Name Price P/E P/B Market Cap 52 Week Low 52 Week High
ALFRED HERBERT (INDIA) LTD. 2725.15 6.68 0.37 209.84 1952.10 3974.00
BAJAJ HOLDINGS & INVESTMENT LT 10268.20 15.55 1.68 114274.80 8597.50 14873.20
TATA INVESTMENT CORP LTD 719.70 83.98 1.24 36413.43 538.70 1184.00
Naperol Investments Limited 1437.10 23.31 0.90 825.90 801.00 2041.00
Company Name Price P/E P/B Market Cap 52 Week Low 52 Week High
ALFRED HERBERT (INDIA) LTD. 2725.15 6.73 0.38 209.84 1952.10 3974.00
ARAVALI SECURITIES & FINANCE L 4.45 0.00 -6.62 6.74 3.45 6.54
BAJAJ HOLDINGS & INVESTMENT LT 10268.20 42.51 5.02 114274.80 8597.50 14873.20
GKW LIMITED 1651.10 138.63 2.56 985.71 1375.00 2262.00

Algoquant Fintech Ltd shareholding pattern

Holding
25.08%
73.68%
1.21%
0.01%
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Algoquant Fintech Ltd Technicals Summary

  • EMA & SMA
  • Resistance and Support
  • Delivery and Volume
  • Beta
  • Price Change Analysis
54.59 0.00 redarrow
red-green-graph indicator
12 Bearish
4 Bullish
  • 5 Days 54.70
  • 26 Days 54.80
  • 10 Days 54.70
  • 50 Days 56.30
  • 12 Days 54.60
  • 100 Days 58.30
  • 20 Days 54.60
  • 200 Days 58.30
54.70 PIVOT
First Support 54.00 First Resistance 55.29 Second Support 53.41 Second Resistance 55.99 Third Support 52.71 Third Resistance 56.58
RSI 48.69 ADX 11.86 MACD -0.14 Williams % R -62.81 Commodity Channel Index (CCI) 27.56
Date 2026-04-30 Week 140494.00 Same Day 198147.00 Month 180355.00
1 Year 1.07 3 Year 1.08
Over 1 Month
9.70% down
Over 1 Year
0.00% down
Over 3 Months
-10.02% down
Over 3 Years
0.00% down
Over 6 Months
-21.05% down
Over 5 Years
0.00% down

Algoquant Fintech Ltd Corporate Actions

Ex-Date Ex-Bonus Ratio
18 Aug 2025 18 Aug 2025 8:1
08 Jan 2025 08 Jan 2025 1:2
16 Nov 1998 19 Oct 1998 2:5
07 Nov 1996 22 Oct 1996 0:0
01 Nov 1996 15 Oct 1996 2:5
07 Nov 1996 14 Oct 1996 2:5
Ex-Date Old FV NEW FV Record Date
18 Aug 2025 2.0 1.0 18 Aug 2025
23 Dec 2021 10.0 2.0 24 Dec 2021
Ex-Date Ex-Bonus Ratio
18 Aug 2025 18 Aug 2025 8:1
08 Jan 2025 08 Jan 2025 1:2
16 Nov 1998 19 Oct 1998 2:5
07 Nov 1996 22 Oct 1996 0:0
01 Nov 1996 15 Oct 1996 2:5
07 Nov 1996 14 Oct 1996 2:5
Ex-Date Old FV NEW FV Record Date
18 Aug 2025 2.0 1.0 18 Aug 2025
23 Dec 2021 10.0 2.0 24 Dec 2021

Top Gainers

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Top Losers

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Algoquant Fintech Ltd Share Price

Algoquant Fintech Limited was erstwhile incorporated as 'Hindustan Everest Tools Limited' on January 25, 1962. The Company name was changed to Algoquant Fintech Limited from Hindustan Everest Tools Limited on November 16, 2022. The Company is presently engaged in the business of trading in financial instruments effective from February 10, 2011. The Company is a wholly owned subsidiary of Algoquant Investment Private Limited, formerly known as Mandelia Investment Private Limited. The Company was formerly engaged in the business of trading in metals, which discontinued effective from 01 April, 2021.

The Company committed with production and marketing of high quality hand tools certified GS by VPA Remscheid, Germany for over 4 decades to buyers in the home country and in abroad. The products comprises of Single Open End Spanners, Double Open End Spanners, Bihexagon Ring spanners, Combination Ring & Open Ended Spanners, Sockets and Accessories, different Pliers, Pipe Wrenches (Stillson, Heavy duty and Chain Pipe Wrenches), Adjustable Wrenches, Screw Drivers, Grip Pliers, Slogging Wrenches etc. HETL produce hand tools by using high quality Chrome Vanadium Steel in different international standards like BIS, DIN, and ANSI etc.

The Company faced an event of loss up to 2005-06 due to some internal and external reasons. Moreover the unprecedented power cuts even during winter months may affected the production of the company, to avoid this disturbance, Company hosted two power generators for uninterrupted power supply to our entire plant.

In FY 2006-07, Company's management adopted one relentless effort to control consumption of all major inputs and increase in production efficiency. It gave good result to the company. HETL stands up from the loss to huge cash profit level.

Company had discontinued its operation at its sole manufacturing plant at Sonepat and finally declared closure of the said Plant w.e.f 15 December, 2016.

During FY 2017-18, Company monetized entire land of its plant along with plant machinery and stocks. From the realisation thereof, the Company paid off all its liabilities.

In FY 2019-20, The erstwhile promoters sold their entire stake in the Company to Algoquant Financials LLP (Acquirer) on October 24, 2020, initiating a takeover process.

In FY 2024-25, the Scheme of Arrangement between Growth Securities Private Limited (GSPL) and Algoquant Investment Private Limited (AIPL) and the Company was implemented. Stock Broking Business Undertaking of Growth Securities Private Limited was demerged into the Company as a going concern w.e.f. April 1, 2023 and Algoquant Investments Private Limited was amalgamated with the Company, making the Scheme of Arrangement effective on October 3, 2024. The Company has issued total 43,66,314 Equity Shares of Rs. 2/- each to the shareholders of Algoquant Investments Private Limited and issued 21,81,000 equity shares of Rs. 2 each to the shareholders of Growth Securities Private Limited. Further, Company has issued Bonus Shares in the in the proportion of 1 new fully paid-up equity shares of Rs. 2/- each for every 2 existing fully paid-up equity share of Rs. 2/- each held by them (i.e. in the ratio of 1:2), the Company has allotted 52,05,482 fully paid-up bonus equity shares of the face value of Rs. 2 each to the eligible members of the Company on January 8, 2025. Pursuant to the Scheme of arrangement Growth Global Securities (IFSC) Private Limited becoae the subsidiary of the Company.

Company also incorporated Wholly Owned Subsidiary on June 13, 2025 with the name of 'Algoquant Global Securities Private Limited'. The Company has fully transitioned into a modern, tech-focused financial trading entity in 2025.

Parent organization Indian Private
NSE symbol ALGOQUANT
Founded 1962
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Board Of Directors

Left Arrow
Devansh Gupta Executive Director & MD
Dhruv Gupta Whole Time Director
Amit Gupta Independent Non Exe. Director
Gyaneshwar Sahai Independent Non Exe. Director
Himanjal Jagdishchandra Brahmbhatt Non-Exec & Non-Independent Dir
Shubhangi Agarwal Independent Non Exe. Director
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Frequently Asked Questions

What is the Current Share Price of Algoquant Fintech Ltd?

Answer Field

Algoquant Fintech Ltd share price is for NSE ₹ 55.77 & for BSE ₹ 55.55 as on May 04 2026 12:04 PM.

What is the Market Cap of Algoquant Fintech Ltd Share?

Answer Field

The market cap of Algoquant Fintech Ltd for NSE ₹ 0.00 & for BSE ₹ 0.00 as on May 04 2026 12:04 PM.

What is the 52 Week High and Low of Algoquant Fintech Ltd?

Answer Field

The 52 Week High and Low of Algoquant Fintech Ltd for NSE is ₹ 71.01 and ₹ 47.80 and for BSE is ₹ 91.70 and ₹ 43.89.

What is 1 year return for Algoquant Fintech Ltd?

Answer Field

The 1 year returns on the stock has been 0.00%.

What is the P/E Ratio of Algoquant Fintech Ltd Share?

Answer Field

As on May 04 2026 12:04 PM the price-to-earnings (PE) ratio for Algoquant Fintech Ltd share is 85.53.

What is the PB ratio of Algoquant Fintech Ltd Share?

Answer Field

As on May 04 2026 12:04 PM, the price-to-book (PB) ratio for Algoquant Fintech Ltd share is 4.00.

How to Buy Algoquant Fintech Ltd Share?

Answer Field

You can trade in Algoquant Fintech Ltd shares with Bajaj Broking by opening a demat account.

How to Buy Algoquant Fintech Ltd Share on Bajaj Broking App?

Answer Field

To buy Algoquant Fintech Ltd shares on the Bajaj Broking app, follow these steps:

• Login to the Bajaj Broking App

• Click on the Search Icon

• Search “Algoquant Fintech Ltd”

• Click on the BUY icon

• Place a buy order specifying the desired quantity of shares.

• Click BUY again to complete the purchase

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Reg Office: Bajaj Auto Limited Complex, Mumbai –Pune Road Akurdi Pune 411035. Corporate Office: Bajaj Financial Securities Limited, 1st Floor, Mantri IT Park, Tower B, Unit No 9 & 10, Viman Nagar, Pune, Maharashtra 411014. SEBI Registration No.: INZ000218931 | BSE Cash/F&O/CDS (Member ID:6706) | NSE Cash/F&O/CDS (Member ID: 90177) | DP registration No: IN-DP-418-2019 | CDSL DP No.: 12088600 | NSDL DP No. IN304300 | AMFI Registration No.: ARN –163403. 

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RESEARCH DISCLAIMER

Broking services offered by Bajaj Financial Securities Limited | Registered Office: Bajaj Auto Limited Complex , Mumbai –Pune Road Akurdi Pune 411035 | Corporate Office: Bajaj Financial Securities Limited, 1st Floor, Mantri IT Park, Tower B, Unit No 9 & 10, Viman Nagar, Pune, Maharashtra 411014 | CIN: U67120PN2010PLC136026 | Research Analyst SEB I Registration No: INH000010043.

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Email | Contact No.: 020-4857 4486 

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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. 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. This research report has been prepared and distributed byBajaj Financial Securities Limited in the capacity of a Research Analyst as per Regulation 22(1) of SEBI (Research Analysts) Regulations 2014 having SEBI Registration No. INH000010043. 

DISCLAIMER

This e-mail/ short message service (SMS) may contain confidential, proprietary or legally privileged information. It should not be used by anyone who is not the original intended recipient. If you have erroneously received this message, please delete it immediately and notify the sender. The recipient acknowledges thatBajaj Financial Securities Limited or its holding and/or associated companies, as the case may be, are unable to exercise control or ensure or guarantee the integrity of/over the contents of the information contained in e-mail /SMS transmissions and further acknowledges that any views expressed in this message are those of the individual sender and no binding nature of the message shall be implied or assumed unless the sender does so expressly with due authority of Bajaj Financial Securities Limited. This message is not intended as an offer or publication or solicitation for distribution for subscription of or purchase or sale of any securities or financial instrument(s) to anyone in whose jurisdiction such subscription etc. requires prior local regulatory clearance or is contrary to the local laws of the land in any manner or as an official confirmation of any transaction. Before opening any attachments, please check them for viruses and defects. 

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The data would be provided to the clients on an "as is" and "where-is" basis, without any warranty. Bajaj Financial Securities Limited or its subsidiaries and associated companies shall not be liable for any delay or any other interruption which may occur in providing the data due to any reason including network (Internet) reasons or snags in the system, breakdown of the system or any other equipment, server breakdown, maintenance shutdown, breakdown of communication services or inability of the Bajaj Financial Securities Limited or its subsidiaries and associated companies to provide the data. In no event shall the Bajaj Financial Securities Limited or its holding and associated companies be liable for any damages, including without limitation direct or indirect, special, incidental, or consequential damages, losses or expenses arising in connection with the data provided by the Bajaj Financial Securities Limited or its holding and associated companies.

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.