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BONLON

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BONLON INDUSTRIES LIMITED Share Price Update

BONLON INDUSTRIES LIMITED made its market debut on 2026-02-20 and is currently trading at ₹49.89, down by ₹-0.69 from its previous close. Today's session has seen the stock move between ₹48.50 and ₹50.83.

Investment Returns

Over 1 Month 36.48% Over 3 Months -4.27% Over 6 Months -2.39% Over 1 Year 53.36%
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BONLON INDUSTRIES LIMITED fundamentals


  • Market cap (Cr) [-]
  • P/E Ratio (TTM) [-]
  • Beta [-]
  • Book Value / share [-]
  • Return on equity [-]%
  • EPS (TTM) [-]
  • Dividend yield [-]%
  • Net profit/quarter (Cr) [-]
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  • Market cap (Cr) 81.30
  • P/E Ratio (TTM) 33.50
  • Beta 0.66
  • Book Value / share 55.15
  • Return on equity 3.35%
  • EPS (TTM) 1.51
  • Dividend yield [-]%
  • Net profit/quarter (Cr) 0.61
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BONLON INDUSTRIES LIMITED Financials

  • Key Results
  • Key Ratios
  • Balance sheet
  • Cash Flow
  • Competition
info-icon
Revenue
Net income
Particulars DEC 2025 (Values in Cr)
Revenue 128.25
Operating Expense 127.93
Net Profit 0.61
Net Profit Margin (%) 0.47
Earnings Per Share (EPS) 0.43
EBITDA 1.81
Effective Tax Rate (%) 25.60
Particulars SEP 2025 (Values in Cr)
Revenue 242.00
Operating Expense 245.17
Net Profit -2.12
Net Profit Margin (%) -0.87
Earnings Per Share (EPS) -1.50
EBITDA -1.82
Effective Tax Rate (%) 25.00
Particulars JUN 2025 (Values in Cr)
Revenue 180.30
Operating Expense 175.99
Net Profit 3.57
Net Profit Margin (%) 1.98
Earnings Per Share (EPS) 2.51
EBITDA 5.71
Effective Tax Rate (%) 24.52
Particulars MAR 2025 (Values in Cr)
Revenue 146.08
Operating Expense 145.81
Net Profit 0.43
Net Profit Margin (%) 0.29
Earnings Per Share (EPS) 0.30
EBITDA 1.42
Effective Tax Rate (%) 21.81
Particulars DEC 2024 (Values in Cr)
Revenue 138.38
Operating Expense 137.14
Net Profit 0.94
Net Profit Margin (%) 0.67
Earnings Per Share (EPS) 0.66
EBITDA 2.09
Effective Tax Rate (%) 25.98
Particulars MAR 2025 (Values in Cr)
Revenue 623.10
Operating Expense 619.83
Net Profit 2.69
Net Profit Margin (%) 0.43
Earnings Per Share (EPS) 1.90
EBITDA 7.14
Effective Tax Rate (%) 24.86
Particulars MAR 2024 (Values in Cr)
Revenue 431.49
Operating Expense 428.46
Net Profit 2.33
Net Profit Margin (%) 0.53
Earnings Per Share (EPS) 1.64
EBITDA 6.22
Effective Tax Rate (%) 25.08
Particulars MAR 2023 (Values in Cr)
Revenue 511.04
Operating Expense 510.31
Net Profit 1.68
Net Profit Margin (%) 0.32
Earnings Per Share (EPS) 1.19
EBITDA 4.37
Effective Tax Rate (%) 23.98
Particulars MAR 2022 (Values in Cr)
Revenue 387.79
Operating Expense 386.29
Net Profit 2.12
Net Profit Margin (%) 0.54
Earnings Per Share (EPS) 1.49
EBITDA 4.10
Effective Tax Rate (%) 23.18
Particulars MAR 2021 (Values in Cr)
Revenue 135.33
Operating Expense 135.75
Net Profit 1.96
Net Profit Margin (%) 1.44
Earnings Per Share (EPS) 1.38
EBITDA 3.13
Effective Tax Rate (%) 26.03
Particulars MAR 2025 (Values in Cr)
Book Value / Share 57.57
ROE % 3.34
ROCE % 5.02
Total Debt to Total Equity 0.38
EBITDA Margin 1.15
Particulars MAR 2024 (Values in Cr)
Book Value / Share 55.68
ROE % 2.95
ROCE % 4.20
Total Debt to Total Equity 0.38
EBITDA Margin 1.47
Particulars MAR 2021 (Values in Cr)
Book Value / Share 51.37
ROE % 2.96
ROCE % 4.16
Total Debt to Total Equity 0.03
EBITDA Margin 2.00
Particulars MAR 2020 (Values in Cr)
Book Value / Share 57.90
ROE % -3.55
ROCE % -3.06
Total Debt to Total Equity 0.04
EBITDA Margin -0.59
Particulars MAR 2019 (Values in Cr)
Book Value / Share 46.40
ROE % -19.94
ROCE % -16.82
Total Debt to Total Equity 0.05
EBITDA Margin -2.36
Particulars MAR 2025 (Values in Cr)
Book Value / Share 57.58
ROE % 3.35
ROCE % 5.03
Total Debt to Total Equity 0.38
EBITDA Margin 1.15
Particulars MAR 2024 (Values in Cr)
Book Value / Share 55.68
ROE % 2.99
ROCE % 4.57
Total Debt to Total Equity 0.29
EBITDA Margin 1.47
Particulars MAR 2023 (Values in Cr)
Book Value / Share 54.04
ROE % 1.37
ROCE % 2.22
Total Debt to Total Equity 0.20
EBITDA Margin 0.68
Particulars MAR 2022 (Values in Cr)
Book Value / Share 52.85
ROE % 2.87
ROCE % 4.55
Total Debt to Total Equity 0.13
EBITDA Margin 1.13
Particulars MAR 2021 (Values in Cr)
Book Value / Share 51.37
ROE % 2.94
ROCE % 4.14
Total Debt to Total Equity 0.03
EBITDA Margin 2.33
Particulars MAR 2025 (Values in Cr)
Cash & Short Term Investments 29.88
Total Assets 128.39
Total Liabilities 128.39
Total Equity 81.65
Share Outstanding 1
Price to Book Ratio 0.50
Return on Assets (%) 2.09
Return on Capital (%) 2.39
Particulars MAR 2024 (Values in Cr)
Cash & Short Term Investments 1.70
Total Assets 132.68
Total Liabilities 132.68
Total Equity 78.97
Share Outstanding 1
Price to Book Ratio 0.63
Return on Assets (%) 1.75
Return on Capital (%) 2.13
Particulars MAR 2021 (Values in Cr)
Cash & Short Term Investments 5.84
Total Assets 113.80
Total Liabilities 113.80
Total Equity 72.86
Share Outstanding 1
Price to Book Ratio 0.35
Return on Assets (%) 1.72
Return on Capital (%) 2.57
Particulars MAR 2020 (Values in Cr)
Cash & Short Term Investments 8.28
Total Assets 142.83
Total Liabilities 142.83
Total Equity 60.37
Share Outstanding 1
Price to Book Ratio 0.00
Return on Assets (%) 8.40
Return on Capital (%) 19.61
Particulars MAR 2019 (Values in Cr)
Cash & Short Term Investments 0.82
Total Assets 64.43
Total Liabilities 64.43
Total Equity 48.37
Share Outstanding 1
Price to Book Ratio 0.00
Return on Assets (%) 4.19
Return on Capital (%) 5.25
Particulars MAR 2025 (Values in Cr)
Cash & Short Term Investments 29.86
Total Assets 128.38
Total Liabilities 128.38
Total Equity 81.66
Share Outstanding 1
Price to Book Ratio 0.50
Return on Assets (%) 2.09
Return on Capital (%) 2.4
Particulars MAR 2024 (Values in Cr)
Cash & Short Term Investments 1.70
Total Assets 132.68
Total Liabilities 132.68
Total Equity 78.97
Share Outstanding 1
Price to Book Ratio 0.63
Return on Assets (%) 1.75
Return on Capital (%) 2.13
Particulars MAR 2023 (Values in Cr)
Cash & Short Term Investments 0.28
Total Assets 117.18
Total Liabilities 117.18
Total Equity 76.64
Share Outstanding 1
Price to Book Ratio 0.79
Return on Assets (%) 1.43
Return on Capital (%) 1.84
Particulars MAR 2022 (Values in Cr)
Cash & Short Term Investments 0.84
Total Assets 102.54
Total Liabilities 102.54
Total Equity 74.96
Share Outstanding 1
Price to Book Ratio 0.46
Return on Assets (%) 2.06
Return on Capital (%) 2.34
Particulars MAR 2021 (Values in Cr)
Cash & Short Term Investments 4.69
Total Assets 109.13
Total Liabilities 109.13
Total Equity 72.85
Share Outstanding 1
Price to Book Ratio 0.35
Return on Assets (%) 1.79
Return on Capital (%) 2.56
Particulars MAR 2025 (Values in Cr)
Net Income 3.57
Cash from Operations 36.63
Cash from Investing -19.40
Cash from Financing -1.48
Net change in Cash 14.68
Free Cash Flow 42.65
Particulars MAR 2024 (Values in Cr)
Net Income 3.11
Cash from Operations -10.78
Cash from Investing -2.59
Cash from Financing 14.18
Net change in Cash 0.11
Free Cash Flow -9.07
Particulars MAR 2021 (Values in Cr)
Net Income 2.65
Cash from Operations -43.12
Cash from Investing -10.08
Cash from Financing 51.54
Net change in Cash -2.44
Free Cash Flow -36.72
Particulars MAR 2020 (Values in Cr)
Net Income 12.31
Cash from Operations 58.72
Cash from Investing 4.95
Cash from Financing -56.21
Net change in Cash 7.46
Free Cash Flow 58.93
Particulars MAR 2019 (Values in Cr)
Net Income 3.40
Cash from Operations -2.35
Cash from Investing -6.66
Cash from Financing 7.32
Net change in Cash -2.20
Free Cash Flow -0.44
Particulars MAR 2025 (Values in Cr)
Net Income 3.58
Cash from Operations 37.62
Cash from Investing -20.41
Cash from Financing -1.48
Net change in Cash 14.66
Free Cash Flow 43.64
Particulars MAR 2024 (Values in Cr)
Net Income 3.11
Cash from Operations -10.78
Cash from Investing -2.59
Cash from Financing 14.18
Net change in Cash 0.11
Free Cash Flow -9.07
Particulars MAR 2023 (Values in Cr)
Net Income 2.21
Cash from Operations -8.07
Cash from Investing 9.85
Cash from Financing -1.53
Net change in Cash -0.40
Free Cash Flow -4.66
Particulars MAR 2022 (Values in Cr)
Net Income 2.76
Cash from Operations -44.39
Cash from Investing 0.43
Cash from Financing 44.88
Net change in Cash 0.03
Free Cash Flow -37.52
Particulars MAR 2021 (Values in Cr)
Net Income 2.64
Cash from Operations -42.57
Cash from Investing -3.70
Cash from Financing 43.48
Net change in Cash -3.57
Free Cash Flow -42.56
Company Name Price P/E P/B Market Cap 52 Week Low 52 Week High
AEGIS LOGISTICS LTD. 714.70 32.60 4.22 25085.97 576.00 946.50
KOTHARI INDUSTRIAL CORP L 197.35 0.00 7.80 2131.81 152.00 624.95
OSWAL AGRO MILLS LTD 48.03 7.43 0.66 644.71 33.50 110.69
Dhunseri Ventures Limited 237.40 0.00 0.25 831.37 176.20 402.00
Company Name Price P/E P/B Market Cap 52 Week Low 52 Week High
AEGIS LOGISTICS LTD. 714.70 38.91 9.11 25085.97 576.00 946.50
UTIQUE ENTERPRISES LIMITED 4.14 6.68 0.32 23.05 3.20 6.40
COMPUTER POINT LTD. 3.81 0.00 0.34 11.43 3.51 6.79
KOTHARI INDUSTRIAL CORP L 197.35 0.00 7.79 2131.81 152.00 624.95

BONLON INDUSTRIES LIMITED shareholding pattern

Holding
28.79%
71.2%
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BONLON INDUSTRIES LIMITED Technicals Summary

  • EMA & SMA
  • Resistance and Support
  • Delivery and Volume
  • Beta
  • Price Change Analysis
49.65 -1.83 redarrow
red-green-graph indicator
2 Bearish
14 Bullish
  • 5 Days 49.80
  • 26 Days 44.50
  • 10 Days 47.90
  • 50 Days 44.30
  • 12 Days 47.10
  • 100 Days 44.90
  • 20 Days 45.20
  • 200 Days 43.70
49.71 PIVOT
First Support 48.47 First Resistance 51.81 Second Support 46.37 Second Resistance 53.05 Third Support 45.13 Third Resistance 55.15
RSI 68.07 ADX 33.83 MACD 2.64 Williams % R -13.57 Commodity Channel Index (CCI) 88.93
Date 2026-04-24 Week 6209.00 Same Day 706.00 Month 3663.00
1 Year 0.67 3 Year 0.49
Over 1 Month
36.48% down
Over 1 Year
53.36% down
Over 3 Months
-4.27% down
Over 3 Years
1.67% down
Over 6 Months
-2.39% down
Over 5 Years
19.22% down

BONLON INDUSTRIES LIMITED Corporate Actions

Top Gainers

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Top Losers

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BONLON INDUSTRIES LIMITED Share Price

Bonlon Industries Limited was incorporated in the name of 'Bonlon Steels Private Limited' in December 1998 in New Delhi. The name of Company was changed from 'Bon Lon Steels Private Limited' to 'Bonlon Industries Private Limited' with effect from February 26, 2019. Further the Company got its status converted into Public Limited Company and the name of Company was changed to 'Bonlon Industries Limited' effective from March 29, 2019. The Company is in the business of manufacturing and trading of various kinds of ferrous and non ferrous metals and running a hotel. The main metals used into the business operations are copper, cables, aluminium, zinc & tin and the products in which it deal are wire rods, cathode, ingots & shredded form also.

The manufacturing unit was set up in 2013 in Bhiwadi, Rajasthan. The Company's products can be applied in industries like electrical, construction, transport, automobile etc. The business operations in the division include both manufacturing and trading activities. Manufacturing is mainly done for the copper wire rods and wires and the rests of the products such as wire rods, wires, ingots and cathode made up from metals dealt in are traded by the Company. The Company trades metal products not only in India but proceeds with import and export also and trades on MCX as well.

Hotel Bonlon Inn is situated in Center of Delhi, Karol bagh, this exquisite inn is a sheer creation built under blueprints of fineness and superiority. Housing world class amenities and a gripping ambience, the place has 24 rooms that define true luxury and provides a lavish living experience. To serve taste buds, Bonlon Inn offers a vast menu of delicious multi-cuisines and appetizing snacks that makes customer stay more pleasurable. The hotel that facilitates with first-rate services that makes every moment special.

In 2018, three Group Companies namely Smita Global Private Limited, Harshit Promoters Private Limited and Harshit Infratech Private Limited, that engaged in different industries i.e. Metal, Hotel and Civil Construction industry, got amalgamated with the Company in pursuance of the Order of the Hon'ble National Company Law Tribunal, Principal Bench, New Delhi effective from June 13, 2018.

The Company made a public issue of 37,56,000 equity shares of Rs 10 each, by raising Rs 10.51 crore in July, 2020.

Presently, Company exists in the same line of business to manufacture and trade metals like copper, aluminum, zinc, and tin.

Parent organization Indian Private
NSE symbol BONLON
Founded 1998
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Board Of Directors

Left Arrow
Arun Kumar Jain ED / MD / Promoter
Rajat Jain E D & Wholetime Director
Smita Jain Non-Exec & Non-Independent Dir
Bela Khattar Chauhan Independent Non Exe. Director
Vineet Garg Independent Non Exe. Director
Naveen Kumar Company Sec. & Compli. Officer
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Frequently Asked Questions

What is the Current Share Price of Bonlon Industries Ltd?

Answer Field

Bonlon Industries Ltd share price is for NSE ₹ 49.95 & for BSE ₹ 49.65 as on Apr 27 2026 03:29 PM.

What is the Market Cap of Bonlon Industries Ltd Share?

Answer Field

The market cap of Bonlon Industries Ltd for NSE ₹ 0.00 & for BSE ₹ 81.30 as on Apr 27 2026 03:29 PM.

What is the 52 Week High and Low of Bonlon Industries Ltd?

Answer Field

The 52 Week High and Low of Bonlon Industries Ltd for NSE is ₹ 52.89 and ₹ 34.51 and for BSE is ₹ 73.99 and ₹ 30.52.

What is 1 year return for Bonlon Industries Ltd?

Answer Field

The 1 year returns on the stock has been 53.36%.

What is the P/E Ratio of Bonlon Industries Ltd Share?

Answer Field

As on Apr 27 2026 03:29 PM the price-to-earnings (PE) ratio for Bonlon Industries Ltd share is 33.50.

What is the PB ratio of Bonlon Industries Ltd Share?

Answer Field

As on Apr 27 2026 03:29 PM, the price-to-book (PB) ratio for Bonlon Industries Ltd share is 55.15.

How to Buy Bonlon Industries Ltd Share?

Answer Field

You can trade in Bonlon Industries Ltd shares with Bajaj Broking by opening a demat account.

How to Buy Bonlon Industries Ltd Share on Bajaj Broking App?

Answer Field

To buy Bonlon Industries Ltd shares on the Bajaj Broking app, follow these steps:

• Login to the Bajaj Broking App

• Click on the Search Icon

• Search “Bonlon Industries 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) | 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

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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.