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Best Agrolife Share Price Update

As of the latest trading session, BEST AGROLIFE LIMITED is trading at ₹19.64, down by ₹-0.11 or -0.55% from its previous close. The stock has moved between ₹19.50 and ₹20.00 today. Over the past year, the stock has delivered a return of -13.48%. In the last month, it has returned 25.33%.

Best Agrolife performance

Today’s low Today’s high
₹ 19.50 ₹ 20.00
₹ 19.64
52 week low 52 week high
₹ 12.30 ₹ 35.58
₹ 19.64
Open Price ₹ 20.00
Prev. Close ₹ 19.75
Volume (Shares) 427192.00
Total traded value ₹ 83.90
Upper Circuit ₹ 23.70
Lower Circuit ₹ 15.80
info

Investment Returns

Over 1 Month 25.33% Over 3 Months 3.86% Over 6 Months -5.39% Over 1 Year -13.48%
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Best Agrolife fundamentals


  • Market cap (Cr) 696.60
  • P/E Ratio (TTM) 16.37
  • Beta 0.66
  • Book Value / share 12.59
  • Return on equity 11.23%
  • EPS (TTM) 1.20
  • Dividend yield 1.02%
  • Net profit/quarter (Cr) -5.76
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  • Market cap (Cr) 696.60
  • P/E Ratio (TTM) 16.37
  • Beta 0.71
  • Book Value / share 12.59
  • Return on equity 11.23%
  • EPS (TTM) 1.20
  • Dividend yield 1.02%
  • Net profit/quarter (Cr) -5.76
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Best Agrolife Financials

  • Key Results
  • Key Ratios
  • Balance sheet
  • Cash Flow
  • Competition
info-icon
Revenue
Net income
Particulars DEC 2025 (Values in Cr)
Revenue 128.61
Operating Expense 138.48
Net Profit -5.76
Net Profit Margin (%) -4.47
Earnings Per Share (EPS) -0.16
EBITDA 2.41
Effective Tax Rate (%) 25.29
Particulars SEP 2025 (Values in Cr)
Revenue 365.16
Operating Expense 312.79
Net Profit 38.33
Net Profit Margin (%) 10.49
Earnings Per Share (EPS) 16.21
EBITDA 60.99
Effective Tax Rate (%) 26.04
Particulars JUN 2025 (Values in Cr)
Revenue 313.49
Operating Expense 292.34
Net Profit 19.54
Net Profit Margin (%) 6.23
Earnings Per Share (EPS) 8.26
EBITDA 35.26
Effective Tax Rate (%) 25.27
Particulars MAR 2025 (Values in Cr)
Revenue 155.74
Operating Expense 169.58
Net Profit -9.45
Net Profit Margin (%) -6.06
Earnings Per Share (EPS) -4.00
EBITDA -2.55
Effective Tax Rate (%) 25.47
Particulars DEC 2024 (Values in Cr)
Revenue 193.27
Operating Expense 202.29
Net Profit -6.08
Net Profit Margin (%) -3.14
Earnings Per Share (EPS) -2.57
EBITDA 4.57
Effective Tax Rate (%) 25.49
Particulars MAR 2025 (Values in Cr)
Revenue 1143.65
Operating Expense 1088.81
Net Profit 44.47
Net Profit Margin (%) 3.88
Earnings Per Share (EPS) 18.81
EBITDA 108.89
Effective Tax Rate (%) 26.94
Particulars MAR 2024 (Values in Cr)
Revenue 1798.36
Operating Expense 1785.57
Net Profit 13.46
Net Profit Margin (%) 0.74
Earnings Per Share (EPS) 5.69
EBITDA 68.79
Effective Tax Rate (%) 29.49
Particulars MAR 2023 (Values in Cr)
Revenue 1499.96
Operating Expense 1443.04
Net Profit 47.08
Net Profit Margin (%) 3.13
Earnings Per Share (EPS) 19.91
EBITDA 96.13
Effective Tax Rate (%) 29.74
Particulars MAR 2022 (Values in Cr)
Revenue 1134.27
Operating Expense 1023.56
Net Profit 87.07
Net Profit Margin (%) 7.67
Earnings Per Share (EPS) 38.22
EBITDA 130.45
Effective Tax Rate (%) 24.97
Particulars MAR 2021 (Values in Cr)
Revenue 905.45
Operating Expense 861.96
Net Profit 37.07
Net Profit Margin (%) 4.09
Earnings Per Share (EPS) 16.82
EBITDA 58.48
Effective Tax Rate (%) 27.01
Particulars MAR 2025 (Values in Cr)
Book Value / Share 286.34
ROE % 10.52
ROCE % 13.19
Total Debt to Total Equity 0.84
EBITDA Margin 11.29
Particulars MAR 2024 (Values in Cr)
Book Value / Share 259.73
ROE % 18.83
ROCE % 16.76
Total Debt to Total Equity 1.07
EBITDA Margin 12.21
Particulars MAR 2023 (Values in Cr)
Book Value / Share 217.62
ROE % 45.65
ROCE % 34.62
Total Debt to Total Equity 1.00
EBITDA Margin 18.12
Particulars MAR 2022 (Values in Cr)
Book Value / Share 138.40
ROE % 46.30
ROCE % 40.90
Total Debt to Total Equity 0.67
EBITDA Margin 13.84
Particulars MAR 2021 (Values in Cr)
Book Value / Share 56.85
ROE % 29.60
ROCE % 34.60
Total Debt to Total Equity 0.26
EBITDA Margin 6.21
Particulars MAR 2025 (Values in Cr)
Book Value / Share 167.48
ROE % 11.23
ROCE % 14.54
Total Debt to Total Equity 0.76
EBITDA Margin 9.52
Particulars MAR 2024 (Values in Cr)
Book Value / Share 151.65
ROE % 3.79
ROCE % 9.20
Total Debt to Total Equity 0.89
EBITDA Margin 3.83
Particulars MAR 2023 (Values in Cr)
Book Value / Share 148.86
ROE % 14.23
ROCE % 16.71
Total Debt to Total Equity 0.64
EBITDA Margin 6.41
Particulars MAR 2022 (Values in Cr)
Book Value / Share 130.93
ROE % 40.05
ROCE % 41.54
Total Debt to Total Equity 0.39
EBITDA Margin 11.50
Particulars MAR 2021 (Values in Cr)
Book Value / Share 56.85
ROE % 36.23
ROCE % 40.30
Total Debt to Total Equity 0.33
EBITDA Margin 6.46
Particulars MAR 2025 (Values in Cr)
Cash & Short Term Investments 99.33
Total Assets 1949.58
Total Liabilities 1949.58
Total Equity 757.61
Share Outstanding 2
Price to Book Ratio 1.54
Return on Assets (%) 3.58
Return on Capital (%) 5.71
Particulars MAR 2024 (Values in Cr)
Cash & Short Term Investments 46.82
Total Assets 2013.15
Total Liabilities 2013.15
Total Equity 647.01
Share Outstanding 2
Price to Book Ratio 3.02
Return on Assets (%) 5.27
Return on Capital (%) 8.34
Particulars MAR 2023 (Values in Cr)
Cash & Short Term Investments 88.08
Total Assets 1475.25
Total Liabilities 1475.25
Total Equity 527.34
Share Outstanding 2
Price to Book Ratio 6.88
Return on Assets (%) 13.02
Return on Capital (%) 17.71
Particulars MAR 2022 (Values in Cr)
Cash & Short Term Investments 40.28
Total Assets 984.21
Total Liabilities 984.21
Total Equity 329.94
Share Outstanding 2
Price to Book Ratio 6.84
Return on Assets (%) 10.64
Return on Capital (%) 17.63
Particulars MAR 2021 (Values in Cr)
Cash & Short Term Investments 32.78
Total Assets 371.68
Total Liabilities 371.68
Total Equity 129.67
Share Outstanding 2
Price to Book Ratio 7.84
Return on Assets (%) 9.97
Return on Capital (%) 23.64
Particulars MAR 2025 (Values in Cr)
Cash & Short Term Investments 70.72
Total Assets 974.89
Total Liabilities 974.89
Total Equity 443.79
Share Outstanding 2
Price to Book Ratio 1.54
Return on Assets (%) 4.56
Return on Capital (%) 6.43
Particulars MAR 2024 (Values in Cr)
Cash & Short Term Investments 25.76
Total Assets 1156.63
Total Liabilities 1156.63
Total Equity 365.96
Share Outstanding 2
Price to Book Ratio 3.02
Return on Assets (%) 1.16
Return on Capital (%) 1.9
Particulars MAR 2023 (Values in Cr)
Cash & Short Term Investments 82.85
Total Assets 928.00
Total Liabilities 928.00
Total Equity 359.49
Share Outstanding 2
Price to Book Ratio 6.88
Return on Assets (%) 5.07
Return on Capital (%) 7.37
Particulars MAR 2022 (Values in Cr)
Cash & Short Term Investments 39.79
Total Assets 708.91
Total Liabilities 708.91
Total Equity 312.30
Share Outstanding 2
Price to Book Ratio 6.84
Return on Assets (%) 12.28
Return on Capital (%) 19.63
Particulars MAR 2021 (Values in Cr)
Cash & Short Term Investments 32.74
Total Assets 370.85
Total Liabilities 370.85
Total Equity 129.66
Share Outstanding 2
Price to Book Ratio 7.84
Return on Assets (%) 9.99
Return on Capital (%) 23.71
Particulars MAR 2025 (Values in Cr)
Net Income 96.29
Cash from Operations 246.18
Cash from Investing -29.09
Cash from Financing -199.20
Net change in Cash -0.13
Free Cash Flow 266.92
Particulars MAR 2024 (Values in Cr)
Net Income 133.70
Cash from Operations 73.93
Cash from Investing -63.31
Cash from Financing -0.84
Net change in Cash -28.62
Free Cash Flow 119.58
Particulars MAR 2023 (Values in Cr)
Net Income 252.89
Cash from Operations -100.71
Cash from Investing -19.02
Cash from Financing 248.17
Net change in Cash 48.70
Free Cash Flow -63.52
Particulars MAR 2022 (Values in Cr)
Net Income 140.65
Cash from Operations -21.91
Cash from Investing -14.81
Cash from Financing 66.98
Net change in Cash -7.66
Free Cash Flow -15.72
Particulars MAR 2021 (Values in Cr)
Net Income 50.78
Cash from Operations 24.39
Cash from Investing 8.05
Cash from Financing -11.02
Net change in Cash 10.35
Free Cash Flow 31.23
Particulars MAR 2025 (Values in Cr)
Net Income 60.87
Cash from Operations 137.97
Cash from Investing -14.41
Cash from Financing -107.35
Net change in Cash 9.31
Free Cash Flow 141.58
Particulars MAR 2024 (Values in Cr)
Net Income 19.09
Cash from Operations -22.14
Cash from Investing -19.98
Cash from Financing 12.11
Net change in Cash -42.42
Free Cash Flow -15.29
Particulars MAR 2023 (Values in Cr)
Net Income 67.01
Cash from Operations -89.54
Cash from Investing 55.42
Cash from Financing 117.51
Net change in Cash 44.92
Free Cash Flow -82.52
Particulars MAR 2022 (Values in Cr)
Net Income 116.06
Cash from Operations 28.08
Cash from Investing -97.15
Cash from Financing 89.66
Net change in Cash -7.72
Free Cash Flow 35.29
Particulars MAR 2021 (Values in Cr)
Net Income 50.78
Cash from Operations 21.04
Cash from Investing 11.85
Cash from Financing -11.52
Net change in Cash 10.30
Free Cash Flow 24.06
Company Name Price P/E P/B Market Cap 52 Week Low 52 Week High
EXCEL INDUSTRIES LTD 1021.10 16.94 0.71 1283.59 801.00 1438.00
PUNJAB CHEMICALS AND CROP PROT 1129.30 21.12 3.26 1384.52 875.90 1664.95
DHANUKA AGRITECH LTD. 1100.45 17.00 3.53 4960.64 889.95 1960.00
UPL LIMITED 646.15 28.17 1.70 54528.92 565.25 812.00
Company Name Price P/E P/B Market Cap 52 Week Low 52 Week High
BAYER CROPSCIENCE LTD 4608.85 30.90 6.63 20713.14 4276.85 6539.95
EXCEL INDUSTRIES LTD 1021.10 17.81 1.03 1283.59 801.00 1438.00
PUNJAB CHEMICALS AND CROP PROT 1129.30 21.98 3.12 1384.52 875.90 1664.95
RALLIS INDIA LTD 268.05 25.82 2.55 5212.74 216.10 385.60

Best Agrolife shareholding pattern

Holding
41.91%
50.44%
5.52%
2.11%
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Best Agrolife Technicals Summary

  • EMA & SMA
  • Resistance and Support
  • Delivery and Volume
  • Beta
  • Price Change Analysis
19.64 -0.55 redarrow
red-green-graph indicator
3 Bearish
13 Bullish
  • 5 Days 18.90
  • 26 Days 17.70
  • 10 Days 18.50
  • 50 Days 17.70
  • 12 Days 18.40
  • 100 Days 19.00
  • 20 Days 17.90
  • 200 Days 21.50
20.02 PIVOT
First Support 18.85 First Resistance 20.93 Second Support 17.94 Second Resistance 22.10 Third Support 16.77 Third Resistance 23.01
RSI 64.60 ADX 42.86 MACD 0.73 Williams % R -35.45 Commodity Channel Index (CCI) 160.52
Date 2026-05-08 Week 483590.00 Same Day 278260.00 Month 369756.00
1 Year 0.66 3 Year 0.64
Over 1 Month
25.33% down
Over 1 Year
-13.48% down
Over 3 Months
3.86% down
Over 3 Years
-33.83% down
Over 6 Months
-5.39% down
Over 5 Years
-0.66% down

Best Agrolife Corporate Actions

Dividend date Dividend amount Dividend type Record date Instrument type
23 Sep 2025 3.0 Final 23 Sep 2025 Equity shares
23 Sep 2024 3.0 Final 23 Sep 2024 Equity shares
20 Sep 2023 3.0 Final 20 Sep 2023 Equity shares
20 Sep 2022 2.0 Final 21 Sep 2022 Equity shares
20 Sep 2021 2.0 Final 21 Sep 2021 Equity shares
18 Sep 2020 0.1 Final 22 Sep 2020 Equity shares
19 Sep 2019 0.1 Final 22 Sep 2019 Equity shares
18 Sep 2018 0.1 Final 21 Sep 2018 Equity shares
19 Sep 2017 0.1 Final 21 Sep 2017 Equity shares
21 Sep 2016 0.1 Final 23 Sep 2016 Equity shares
Ex-Date Ex-Bonus Ratio
16 Jan 2026 16 Jan 2026 1:2
Ex-Date Old FV NEW FV Record Date
16 Jan 2026 10.0 1.0 16 Jan 2026
Dividend date Dividend amount Dividend type Record date Instrument type
23 Sep 2025 3.0 Final 23 Sep 2025 Equity shares
23 Sep 2024 3.0 Final 23 Sep 2024 Equity shares
20 Sep 2023 3.0 Final 20 Sep 2023 Equity shares
20 Sep 2022 2.0 Final 21 Sep 2022 Equity shares
20 Sep 2021 2.0 Final 21 Sep 2021 Equity shares
18 Sep 2020 0.1 Final 22 Sep 2020 Equity shares
19 Sep 2019 0.1 Final 22 Sep 2019 Equity shares
18 Sep 2018 0.1 Final 21 Sep 2018 Equity shares
19 Sep 2017 0.1 Final 21 Sep 2017 Equity shares
21 Sep 2016 0.1 Final 23 Sep 2016 Equity shares
Ex-Date Ex-Bonus Ratio
16 Jan 2026 16 Jan 2026 1:2
Ex-Date Old FV NEW FV Record Date
16 Jan 2026 10.0 1.0 16 Jan 2026

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Best Agrolife Share Price

Best Agrolife Limited was erstwhile incorporated as 'Sahyog Credits Limited' on January 10, 1992. The Company's name was changed from 'Sahyog Credits Limited' to 'Sahyog Multibase Limited' on October 25, 2016 and then to 'Best Agrolife Limited' on November 3, 2019. The Company is one of the fastest growing manufacturers of Technical, Formulations, Intermediates and Public Health products.

Presently, the Company is engaged in the business of trading of agro-based products. It offers more than 70 Formulations in the form of Insecticides, Herbicides, Fungicides and Plant Growth Regulators (PGRs), which are developed from active ingredients manufactured in-house. As part of its P2P set-up, it caters to several blue-chip corporates and leading MNCs from India and abroad. It has an R&D Center at Greater Noida unit for development of new Formulation molecules and has a fully operational pilot plant as well.

The Company has three ISO-certified state-of-the-art manufacturing facilities in Gajraula, Greater Noida and Jammu & Kashmir. It has NABL accredited R&D labs which are supported by pilot plants. These facilities help the Company in developing and delivering high-quality, cost-effective crop care solutions.

Honorable National Company Law Tribunal (NCLT) via its Order dated 5 May 2020 approved the Scheme of Amalgamation of Best Agrochem Private Limited with the Company with effect from 01st April 2018 and Best Agrochem Private Limited was amalgamated into the Company accordingly.

In FY 2020, the Company had launched DIRON, (DINOTEFURAN 20% SG). It also launched another Blasticide for Paddy, based on new chemistry and innovation - Pyraclostrobin 100 g/l CS with the brand name of Param'.

The Company commenced its commercial production in the Greater Noida unit in FY 2022.

During the year 2022, the Company launched Ronfen, a first-of-its-kind proprietary ternary insecticide, and four other new products, namely Axeman, Warden, Reveal, and Tombo. It was granted 2 patents for innovative product viz., 'A Synergistic Insecticidal Composition Comprising of Bioactive Amount of Difenthiuron and Pyriproxyfen' and secondly, 'A Synergistic Herbicidal Composition Comprising Imidazolinone, Sulfonylurea and Aryloxyphenoxy Propionate Herbicide'.

The innovative fungicide, Tricolor got launched in August 2023. The Company launched Trifloxystrobin 10% + Difenoconazole 12.5% + Sulphur 3% in India under the brand name Tricolor.

The Company acquired 99% stake in Kashmir Chemicals and by virtue to this Kashmir Chemicals became a subsidiary from November 3, 2023. The Company acquired 100% stake in Sudarshan Farm Chemicals India Private Limited and Best Agrolife Global, Mauritius and by virtue to this both Companies became wholly owned subsidiaries in 2024.

Sudarshan Farm Chemicals India Private Limited was incorporated as subsidiary of the Company w.e.f. March 30, 2024.

In FY 2025, Company launched products like NemagenT, DefenderT, OrisulamT, and Warden ExtraT.

Parent organization Indian Private
NSE symbol BESTAGRO
Founded 1992
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Board Of Directors

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Braj Kishore Prasad Chairman(Non Exe)&Dir(Non-Ind)
Vimal Kumar ED / MD / Promoter
Chetna Independent Non Exe. Director
Isha Luthra E D & Wholetime Director
Surendra Sai Nallamalli E D & Wholetime Director
Pramod Narayan Karlekar Non Executive Director
Astha Wahi Company Sec. & Compli. Officer
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Frequently Asked Questions

What is the Current Share Price of Best Agrolife Ltd?

Answer Field

Best Agrolife Ltd share price is for NSE ₹ 19.64 & for BSE ₹ 19.53 as on May 08 2026 03:30 PM.

What is the Market Cap of Best Agrolife Ltd Share?

Answer Field

The market cap of Best Agrolife Ltd for NSE ₹ 0.00 & for BSE ₹ 0.00 as on May 08 2026 03:30 PM.

What is the 52 Week High and Low of Best Agrolife Ltd?

Answer Field

The 52 Week High and Low of Best Agrolife Ltd for NSE is ₹ 35.58 and ₹ 12.30 and for BSE is ₹ 35.76 and ₹ 12.33.

What is 1 year return for Best Agrolife Ltd?

Answer Field

The 1 year returns on the stock has been -13.48%.

What is the P/E Ratio of Best Agrolife Ltd Share?

Answer Field

As on May 08 2026 03:30 PM the price-to-earnings (PE) ratio for Best Agrolife Ltd share is 16.37.

What is the PB ratio of Best Agrolife Ltd Share?

Answer Field

As on May 08 2026 03:30 PM, the price-to-book (PB) ratio for Best Agrolife Ltd share is 12.59.

How to Buy Best Agrolife Ltd Share?

Answer Field

You can trade in Best Agrolife Ltd shares with Bajaj Broking by opening a demat account.

How to Buy Best Agrolife Ltd Share on Bajaj Broking App?

Answer Field

To buy Best Agrolife Ltd shares on the Bajaj Broking app, follow these steps:

• Login to the Bajaj Broking App

• Click on the Search Icon

• Search “Best Agrolife 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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SEBI Registration No.: INZ000218931 | BSE Cash/CDS/F&O (Member ID: 6706) | NSE Cash/F&O/CDS (Member ID: 90177) | MCX Member ID: 57680 | DP registration No : IN-DP-418-2019 | CDSL DP No.: 12088600 | NSDL DP No. IN304300 | AMFI Registration No.: ARN – 163403 Research Analyst SEBI Registration No. INH000010043

Compliance officer:

Mr. Boudhayan Ghosh 
TEL: 020-48574486
Email for any investor grievances or write to us for DP related matters.

DISCLAIMER

STANDARD DISCLAIMER

Investments in the securities market are subject to market risk, read all related documents carefully before investing.

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) | MCX Member ID: 57680 | DP registration No: IN-DP-418-2019 | CDSL DP No.: 12088600 | NSDL DP No. IN304300 | AMFI Registration No.: ARN –163403. 

Website: Bajaj Broking

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.

Details of Compliance Officer: 

Mr. Boudhayan Ghosh (For Broking/DP/Research)
Email | Contact No.: 020-4857 4486 

Investment in the securities involves risks, investor should consult his own advisors/consultant to determine the merits and risks of investment.

DISCLOSURES

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. 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. 

This service / 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 unless otherwise expressly authorised. This service / information 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 subjectBajaj Financial Securities Limited and affiliates/ group/holding companies to any registration or licensing requirements within such jurisdiction. The distribution of this document in certain jurisdictions may be restricted by law, and persons in whose possession this document comes, should inform themselves about and observe any such restrictions.  

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.