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E FACTOR EXPERIENCES LTD Share Price Update

As of the latest trading session, E FACTOR EXPERIENCES LTD is trading at ₹245, down by ₹-3.00 or -1.20% from its previous close. The stock has moved between ₹235.10 and ₹247.00 today. Over the past year, the stock has delivered a return of 48.94%. In the last month, it has returned 12.72%.

E FACTOR EXPERIENCES LTD performance

Today’s low Today’s high
₹ 235.10 ₹ 247.00
₹ 245.00
52 week low 52 week high
₹ 160.10 ₹ 348.00
₹ 245.00
Open Price ₹ 247.00
Prev. Close ₹ 248.00
Volume (Shares) 2800.00
Total traded value ₹ 6.86
Upper Circuit ₹ 297.60
Lower Circuit ₹ 198.40
info

Investment Returns

Over 1 Month 12.72% Over 3 Months -11.11% Over 6 Months -20.34% Over 1 Year 48.94%
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E FACTOR EXPERIENCES LTD fundamentals


  • Market cap (Cr) 321.70
  • P/E Ratio (TTM) 16.17
  • Beta 1.37
  • Book Value / share 58.08
  • Return on equity 30.49%
  • EPS (TTM) 14.72
  • Dividend yield 0.48%
  • Net profit/quarter (Cr) 0.00
info icon alternate text
  • Market cap (Cr) [-]
  • P/E Ratio (TTM) [-]
  • Beta [-]
  • Book Value / share [-]
  • Return on equity [-]%
  • EPS (TTM) [-]
  • Dividend yield 0.48%
  • Net profit/quarter (Cr) [-]
info icon alternate text

E FACTOR EXPERIENCES LTD Financials

  • Key Results
  • Key Ratios
  • Balance sheet
  • Cash Flow
  • Competition
info-icon
Revenue
Net income
Particulars MAR 2025 (Values in Cr)
Revenue 163.66
Operating Expense 138.92
Net Profit 20.12
Net Profit Margin (%) 12.29
Earnings Per Share (EPS) 15.39
EBITDA 27.95
Effective Tax Rate (%) 25.45
Particulars MAR 2024 (Values in Cr)
Revenue 142.13
Operating Expense 122.80
Net Profit 14.95
Net Profit Margin (%) 10.51
Earnings Per Share (EPS) 11.42
EBITDA 21.36
Effective Tax Rate (%) 25.58
Particulars MAR 2023 (Values in Cr)
Revenue 113.99
Operating Expense 105.05
Net Profit 6.91
Net Profit Margin (%) 6.06
Earnings Per Share (EPS) 7.18
EBITDA 10.44
Effective Tax Rate (%) 25.53
Particulars MAR 2025 (Values in Cr)
Book Value / Share 54.09
ROE % 33.30
ROCE % 39.24
Total Debt to Total Equity 0.16
EBITDA Margin 16.95
Particulars MAR 2024 (Values in Cr)
Book Value / Share 38.50
ROE % 49.60
ROCE % 57.79
Total Debt to Total Equity 0.21
EBITDA Margin 15.50
Particulars MAR 2023 (Values in Cr)
Book Value / Share 11.99
ROE % 96.87
ROCE % 71.16
Total Debt to Total Equity 1.00
EBITDA Margin 10.04
Particulars MAR 2022 (Values in Cr)
Book Value / Share 10.16
ROE % 72.97
ROCE % 38.91
Total Debt to Total Equity 2.39
EBITDA Margin 8.18
Particulars MAR 2021 (Values in Cr)
Book Value / Share 5.36
ROE % 32.55
ROCE % 18.11
Total Debt to Total Equity 6.35
EBITDA Margin 39.55
Particulars MAR 2025 (Values in Cr)
Book Value / Share 58.24
ROE % 30.49
ROCE % 37.50
Total Debt to Total Equity 0.10
EBITDA Margin 17.07
Particulars MAR 2024 (Values in Cr)
Book Value / Share 42.70
ROE % 40.90
ROCE % 52.15
Total Debt to Total Equity 0.09
EBITDA Margin 15.02
Particulars MAR 2023 (Values in Cr)
Book Value / Share 17.88
ROE % 50.18
ROCE % 55.82
Total Debt to Total Equity 0.30
EBITDA Margin 9.16
Particulars MAR 2022 (Values in Cr)
Book Value / Share 29.99
ROE % 34.15
ROCE % 38.14
Total Debt to Total Equity 0.30
EBITDA Margin 8.50
Particulars MAR 2021 (Values in Cr)
Book Value / Share 21.25
ROE % -11.41
ROCE % -2.34
Total Debt to Total Equity 0.44
EBITDA Margin -0.78
Particulars MAR 2025 (Values in Cr)
Cash & Short Term Investments 18.65
Total Assets 151.02
Total Liabilities 151.02
Total Equity 71.10
Share Outstanding 1
Price to Book Ratio 2.52
Return on Assets (%) 13.35
Return on Capital (%) 23.37
Particulars MAR 2024 (Values in Cr)
Cash & Short Term Investments 26.18
Total Assets 97.28
Total Liabilities 97.28
Total Equity 50.69
Share Outstanding 1
Price to Book Ratio 3.31
Return on Assets (%) 15.78
Return on Capital (%) 28.21
Particulars MAR 2023 (Values in Cr)
Cash & Short Term Investments 7.58
Total Assets 57.36
Total Liabilities 57.36
Total Equity 11.68
Share Outstanding 0
Price to Book Ratio 0.00
Return on Assets (%) 12.68
Return on Capital (%) 34.96
Particulars MAR 2022 (Values in Cr)
Cash & Short Term Investments 6.61
Total Assets 49.16
Total Liabilities 49.16
Total Equity 3.49
Share Outstanding 0
Price to Book Ratio 0.00
Return on Assets (%) 5.15
Return on Capital (%) 26.93
Particulars MAR 2021 (Values in Cr)
Cash & Short Term Investments 0.45
Total Assets 26.39
Total Liabilities 26.39
Total Equity 1.84
Share Outstanding 0
Price to Book Ratio 0.00
Return on Assets (%) 4.22
Return on Capital (%) 12.86
Particulars MAR 2025 (Values in Cr)
Cash & Short Term Investments 17.18
Total Assets 150.33
Total Liabilities 150.33
Total Equity 76.22
Share Outstanding 1
Price to Book Ratio 2.52
Return on Assets (%) 13.39
Return on Capital (%) 22.73
Particulars MAR 2024 (Values in Cr)
Cash & Short Term Investments 25.38
Total Assets 96.68
Total Liabilities 96.68
Total Equity 55.88
Share Outstanding 1
Price to Book Ratio 3.31
Return on Assets (%) 15.46
Return on Capital (%) 26.4
Particulars MAR 2023 (Values in Cr)
Cash & Short Term Investments 6.45
Total Assets 57.27
Total Liabilities 57.27
Total Equity 17.22
Share Outstanding 0
Price to Book Ratio 0.00
Return on Assets (%) 12.06
Return on Capital (%) 29.9
Particulars MAR 2022 (Values in Cr)
Cash & Short Term Investments 6.44
Total Assets 48.55
Total Liabilities 48.55
Total Equity 10.31
Share Outstanding 0
Price to Book Ratio 0.00
Return on Assets (%) 6.20
Return on Capital (%) 23.56
Particulars MAR 2021 (Values in Cr)
Cash & Short Term Investments 0.39
Total Assets 24.50
Total Liabilities 24.50
Total Equity 7.30
Share Outstanding 0
Price to Book Ratio 0.00
Return on Assets (%) 3.92
Return on Capital (%) 9.46
Particulars MAR 2025 (Values in Cr)
Net Income 27.03
Cash from Operations -11.42
Cash from Investing 2.48
Cash from Financing 9.61
Net change in Cash -5.39
Free Cash Flow -11.34
Particulars MAR 2024 (Values in Cr)
Net Income 20.73
Cash from Operations 4.70
Cash from Investing -16.51
Cash from Financing 19.49
Net change in Cash 3.10
Free Cash Flow 6.27
Particulars MAR 2023 (Values in Cr)
Net Income 9.95
Cash from Operations 3.57
Cash from Investing -2.51
Cash from Financing 2.22
Net change in Cash 0.69
Free Cash Flow 5.38
Particulars MAR 2022 (Values in Cr)
Net Income 3.47
Cash from Operations 8.15
Cash from Investing -0.04
Cash from Financing -1.38
Net change in Cash 5.78
Free Cash Flow 8.26
Particulars MAR 2021 (Values in Cr)
Net Income 1.17
Cash from Operations -1.58
Cash from Investing 3.45
Cash from Financing -2.65
Net change in Cash -0.97
Free Cash Flow -1.58
Particulars MAR 2025 (Values in Cr)
Net Income 26.98
Cash from Operations -12.64
Cash from Investing 2.81
Cash from Financing 9.85
Net change in Cash -5.99
Free Cash Flow -12.61
Particulars MAR 2024 (Values in Cr)
Net Income 20.08
Cash from Operations 3.23
Cash from Investing -15.50
Cash from Financing 19.85
Net change in Cash 3.11
Free Cash Flow 3.36
Particulars MAR 2023 (Values in Cr)
Net Income 9.27
Cash from Operations 1.68
Cash from Investing -1.33
Cash from Financing 2.57
Net change in Cash 0.38
Free Cash Flow 3.17
Particulars MAR 2022 (Values in Cr)
Net Income 4.00
Cash from Operations 7.39
Cash from Investing -1.82
Cash from Financing -0.76
Net change in Cash 3.86
Free Cash Flow 7.44
Particulars MAR 2021 (Values in Cr)
Net Income 0.89
Cash from Operations -3.32
Cash from Investing 3.52
Cash from Financing -0.93
Net change in Cash -0.93
Free Cash Flow -3.32
Company Name Price P/E P/B Market Cap 52 Week Low 52 Week High
KESORAM INDUSTRIES LTD 11.29 0.00 1.01 350.79 4.09 14.25
Max Financial Services Limited 1705.70 408.06 11.09 58866.23 1246.80 1891.35
MODI RUBBER LTD. 143.35 22.86 0.65 358.95 100.25 167.80
THOMAS COOK (INDIA) LTD 99.81 18.55 2.65 4694.87 86.15 188.45
Company Name Price P/E P/B Market Cap 52 Week Low 52 Week High
FGP LTD. 10.94 182.33 3.81 13.01 7.32 13.70
KESORAM INDUSTRIES LTD 11.29 35.28 1.07 350.79 4.09 14.25
MPIL CORPORATION LTD. 471.30 0.00 2.10 26.86 324.70 679.00
Max Financial Services Limited 1705.70 0.00 8.73 58866.23 1246.80 1891.35

E FACTOR EXPERIENCES LTD shareholding pattern

Holding
25.53%
69.56%
0.52%
4.36%
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E FACTOR EXPERIENCES LTD Technicals Summary

  • EMA & SMA
  • Resistance and Support
  • Delivery and Volume
  • Beta
  • Price Change Analysis
245.00 -1.20 redarrow
red-green-graph indicator
4 Bearish
12 Bullish
  • 5 Days 238.80
  • 26 Days 226.40
  • 10 Days 235.00
  • 50 Days 231.80
  • 12 Days 233.30
  • 100 Days 246.50
  • 20 Days 228.00
  • 200 Days 250.10
248.00 PIVOT
First Support 248.00 First Resistance 248.00 Second Support 248.00 Second Resistance 248.00 Third Support 248.00 Third Resistance 248.00
RSI 61.56 ADX 24.17 MACD 6.91 Williams % R -22.77 Commodity Channel Index (CCI) 114.43
Date 2026-05-07 Week 16300.00 Same Day 400.00 Month 9012.00
1 Year 1.38 3 Year 1.45
Over 1 Month
12.72% down
Over 1 Year
48.94% down
Over 3 Months
-11.11% down
Over 3 Years
27.11% down
Over 6 Months
-20.34% down
Over 5 Years
0.00% down

E FACTOR EXPERIENCES LTD Corporate Actions

Dividend date Dividend amount Dividend type Record date Instrument type
19 Sep 2025 1.2 Final 19 Sep 2025 Equity shares
26 Jul 2024 1.0 Final 26 Jul 2024 Equity shares

Top Gainers

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E FACTOR EXPERIENCES LTD Share Price

E Factor Experiences Limited was originally incorporated as a Private Limited Company as 'E Factor Entertainment Private Limited' on January 02, 2003 with the RoC, Delhi & Haryana. Subsequently, the Company's name changed from 'E Factor Entertainment Private Limited' to 'E Factor Experiences Private Limited' dated August 04, 2021. It later, converted into a Public Limited Company and the name of the Company was changed to 'E Factor Experiences Limited' vide a fresh Certificate of Incorporation dated September 30, 2021, issued by the Registrar of Companies.

The Company is an event management company engaged in providing the consumers and community with enthralling experiences, event services, technology based permanent & semi-permanent multimedia light & sound installations and specialized turnkey wedding management, design & execution solutions. Their services includes turnkey assignments in the form of Government commissioned Tourism Events and Festivals, techno-cultural light & sound shows, Sporting Events & Contests, Corporate Events & Conferences, Mega Ground Concerts, Televised Events etc.

The Company started its aviation-based café business in FY 2014-15 at Jaipur, Rajasthan to support the Hot air balloon business. However, due to low footfall & high fixed cost the cafe business was running in continuous losses and so was discontinued. The Company made investment in E-Factor Adventure Tourism Private Limited, a subsidiary company which is engaged in the business of adventure tourism like operation and plying of Hot air balloons and Yachts, and recently in year 2022 it acquired 48.31% stake of Untamed Leisure and Hospitality Private Limited and became the Associate Company.

The permanent Balloon Safari operation are currently commercially active in Jaipur, and are planning to expand hot air balloon activities in other parts of the country. Apart from regular commercial flying, the Company takes part in various ballooning festivals like Agra, Varanasi, Mandu Festival, Araku Festival, etc. It manage events for their personal & business milestone celebrations.The work in the multimedia heritage & culture sector includes designing and engineering of museum spaces. The services entail detailed and well-defined attention to conceptualization, designing and production, each carried out by team.

The Company offer customers with a highly evolved wedding management process system that ensures a hassle-free wedding management experience. It take pride in organizing various events like 'The Pushkar Fair' in the year 2015-19, converting the traditional Snake-Boat Races into league format in the year 2019 to creating a bench mark beach destination with their Eco retreat project at Konark or the other Eco retreat destinations in highly ecosensitive site of Bhitarkanika, Odisha in 2021.

The Company other services include, Tourist Attracting Experiential Projects for public and private sector, Digital Museums, Project Management & design Consulting. It has undertaken tournaments like the Chess Olympiad, Ultimate Kho-Kho and Champions Boat League. It has been providing various services which include Tourism Events and Festivals, techno-cultural light & sound shows, Sporting Events & Contests, Corporate Events & Conferences, Mega Ground Concerts, Televised Events, etc. Some of the major events handled by the Company include Eco Retreat, Odisha, Mandu Festival, Multimedia Light & Sound Show at Gateway of India, FIDE Chess Olympiad, Baba Saheb - The Grand Musical show on life & teaching of Baba Saheb Ambedkar, Deepotsav, Ayodhya etc.

In 2022-23, Company acquired 40.98% stake in Untamed Leisure And Hospitality Private Limited by subscribing the equity shares, making Untamed Leisure And Hospitality Private Limited as an Associate Company of the Holding Company.

The Company came up with an Initial Public Offer of issuing 34,56,000 equity shares of face value of Rs 10 each by raising funds aggregating to Rs 25.92 Crore through fresh issue in October, 2023.

The Company diversified its services of social events in countries such as Barcelona, Spain in 2024.

Parent organization Indian Private
NSE symbol EFACTOR
Founded 2003
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Board Of Directors

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Jai Thakore Chairman & Wholetime Director
Samit Garg Managing Director
Aruna Garg Whole-time Director
Omung Vipin Bhandula Non Executive Director
Roshan Abbas Independent Director
Akhilesh Gupta Independent Director
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Frequently Asked Questions

What is the Current Share Price of E Factor Experiences Ltd?

Answer Field

E Factor Experiences Ltd share price is for NSE ₹ 245.00 & for BSE ₹ 0.00 as on May 08 2026 01:12 PM.

What is the Market Cap of E Factor Experiences Ltd Share?

Answer Field

The market cap of E Factor Experiences Ltd for NSE ₹ 0.00 & for BSE ₹ 0.00 as on May 08 2026 01:12 PM.

What is the 52 Week High and Low of E Factor Experiences Ltd?

Answer Field

The 52 Week High and Low of E Factor Experiences Ltd for NSE is ₹ 348.00 and ₹ 160.10 and for BSE is ₹ 0.00 and ₹ 0.00.

What is 1 year return for E Factor Experiences Ltd?

Answer Field

The 1 year returns on the stock has been 48.94%.

What is the P/E Ratio of E Factor Experiences Ltd Share?

Answer Field

As on May 08 2026 01:12 PM the price-to-earnings (PE) ratio for E Factor Experiences Ltd share is 16.17.

What is the PB ratio of E Factor Experiences Ltd Share?

Answer Field

As on May 08 2026 01:12 PM, the price-to-book (PB) ratio for E Factor Experiences Ltd share is 58.08.

How to Buy E Factor Experiences Ltd Share?

Answer Field

You can trade in E Factor Experiences Ltd shares with Bajaj Broking by opening a demat account.

How to Buy E Factor Experiences Ltd Share on Bajaj Broking App?

Answer Field

To buy E Factor Experiences Ltd shares on the Bajaj Broking app, follow these steps:

• Login to the Bajaj Broking App

• Click on the Search Icon

• Search “E Factor Experiences 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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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.