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JNKINDIA

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JNK INDIA LIMITED Share Price Update

As of the latest trading session, JNK INDIA LIMITED is trading at ₹374.3, up by ₹13.63 or 3.77% from its previous close. The stock has moved between ₹352.75 and ₹375.35 today. Over the past year, the stock has delivered a return of 2.31%. In the last month, it has returned 71.72%.

JNK INDIA LIMITED performance

Today’s low Today’s high
₹ 352.75 ₹ 375.35
₹ 360.66
52 week low 52 week high
₹ 200.92 ₹ 398.00
₹ 360.66
Open Price ₹ 363.90
Prev. Close ₹ 360.66
Volume (Shares) 87675.00
Total traded value ₹ 316.20
Upper Circuit ₹ 396.75
Lower Circuit ₹ 324.65
info

Investment Returns

Over 1 Month 71.72% Over 3 Months 57.96% Over 6 Months 22.11% Over 1 Year 2.31%
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JNK INDIA LIMITED fundamentals


  • Market cap (Cr) 2,018.00
  • P/E Ratio (TTM) 43.32
  • Beta 1.37
  • Book Value / share 92.63
  • Return on equity 8.63%
  • EPS (TTM) 8.31
  • Dividend yield 0.08%
  • Net profit/quarter (Cr) 18.46
info icon alternate text
  • Market cap (Cr) 2,013.20
  • P/E Ratio (TTM) 43.32
  • Beta 1.33
  • Book Value / share 92.63
  • Return on equity 8.63%
  • EPS (TTM) 8.31
  • Dividend yield 0.08%
  • Net profit/quarter (Cr) 18.46
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JNK INDIA LIMITED Financials

  • Key Results
  • Key Ratios
  • Balance sheet
  • Cash Flow
  • Competition
info-icon
Revenue
Net income
Particulars DEC 2025 (Values in Cr)
Revenue 178.95
Operating Expense 159.44
Net Profit 18.46
Net Profit Margin (%) 10.31
Earnings Per Share (EPS) 3.30
EBITDA 29.40
Effective Tax Rate (%) 21.72
Particulars SEP 2025 (Values in Cr)
Revenue 178.31
Operating Expense 165.75
Net Profit 13.58
Net Profit Margin (%) 7.61
Earnings Per Share (EPS) 2.43
EBITDA 22.89
Effective Tax Rate (%) 26.07
Particulars JUN 2025 (Values in Cr)
Revenue 98.83
Operating Expense 100.67
Net Profit 1.17
Net Profit Margin (%) 1.18
Earnings Per Share (EPS) 0.21
EBITDA 7.21
Effective Tax Rate (%) 42.36
Particulars MAR 2025 (Values in Cr)
Revenue 189.03
Operating Expense 176.10
Net Profit 13.26
Net Profit Margin (%) 7.01
Earnings Per Share (EPS) 2.38
EBITDA 27.45
Effective Tax Rate (%) 39.61
Particulars DEC 2024 (Values in Cr)
Revenue 93.58
Operating Expense 93.74
Net Profit 2.91
Net Profit Margin (%) 3.10
Earnings Per Share (EPS) 0.53
EBITDA 9.83
Effective Tax Rate (%) 3.00
Particulars MAR 2025 (Values in Cr)
Revenue 473.29
Operating Expense 447.81
Net Profit 30.14
Net Profit Margin (%) 6.36
Earnings Per Share (EPS) 5.46
EBITDA 64.73
Effective Tax Rate (%) 31.35
Particulars MAR 2024 (Values in Cr)
Revenue 477.32
Operating Expense 391.96
Net Profit 61.74
Net Profit Margin (%) 12.93
Earnings Per Share (EPS) 12.76
EBITDA 103.53
Effective Tax Rate (%) 29.79
Particulars MAR 2023 (Values in Cr)
Revenue 405.34
Operating Expense 346.52
Net Profit 46.63
Net Profit Margin (%) 11.50
Earnings Per Share (EPS) 48.58
EBITDA 74.42
Effective Tax Rate (%) 26.07
Particulars MAR 2022 (Values in Cr)
Revenue 289.12
Operating Expense 242.05
Net Profit 35.95
Net Profit Margin (%) 12.43
Earnings Per Share (EPS) 37.45
EBITDA 54.30
Effective Tax Rate (%) 24.77
Particulars MAR 2021 (Values in Cr)
Revenue 121.50
Operating Expense 99.33
Net Profit 16.45
Net Profit Margin (%) 13.53
Earnings Per Share (EPS) 274.17
EBITDA 25.55
Effective Tax Rate (%) 27.78
Particulars MAR 2025 (Values in Cr)
Book Value / Share 90.41
ROE % 8.63
ROCE % 14.76
Total Debt to Total Equity 0.12
EBITDA Margin 13.61
Particulars MAR 2024 (Values in Cr)
Book Value / Share 40.37
ROE % 39.46
ROCE % 43.77
Total Debt to Total Equity 0.35
EBITDA Margin 21.76
Particulars MAR 2023 (Values in Cr)
Book Value / Share 127.26
ROE % 47.71
ROCE % 49.14
Total Debt to Total Equity 0.30
EBITDA Margin 18.05
Particulars MAR 2022 (Values in Cr)
Book Value / Share 75.19
ROE % 66.02
ROCE % 73.66
Total Debt to Total Equity 0.24
EBITDA Margin 18.41
Particulars MAR 2021 (Values in Cr)
Book Value / Share 613.62
ROE % 44.76
ROCE % 47.00
Total Debt to Total Equity 0.32
EBITDA Margin 18.89
Particulars MAR 2025 (Values in Cr)
Book Value / Share 90.25
ROE % 8.63
ROCE % 14.75
Total Debt to Total Equity 0.12
EBITDA Margin 13.67
Particulars MAR 2024 (Values in Cr)
Book Value / Share 40.23
ROE % 38.94
ROCE % 43.38
Total Debt to Total Equity 0.35
EBITDA Margin 21.69
Particulars MAR 2023 (Values in Cr)
Book Value / Share 127.50
ROE % 47.94
ROCE % 49.98
Total Debt to Total Equity 0.30
EBITDA Margin 18.36
Particulars MAR 2022 (Values in Cr)
Book Value / Share 75.15
ROE % 65.99
ROCE % 75.21
Total Debt to Total Equity 0.24
EBITDA Margin 18.78
Particulars MAR 2021 (Values in Cr)
Book Value / Share 613.67
ROE % 56.97
ROCE % 69.61
Total Debt to Total Equity 0.21
EBITDA Margin 21.19
Particulars MAR 2025 (Values in Cr)
Cash & Short Term Investments 185.53
Total Assets 788.99
Total Liabilities 788.99
Total Equity 504.37
Share Outstanding 5
Price to Book Ratio 3.80
Return on Assets (%) 3.82
Return on Capital (%) 5.94
Particulars MAR 2024 (Values in Cr)
Cash & Short Term Investments 29.13
Total Assets 527.77
Total Liabilities 527.77
Total Equity 195.36
Share Outstanding 4
Price to Book Ratio 0.00
Return on Assets (%) 11.87
Return on Capital (%) 25.05
Particulars MAR 2023 (Values in Cr)
Cash & Short Term Investments 47.18
Total Assets 337.77
Total Liabilities 337.77
Total Equity 122.17
Share Outstanding 0
Price to Book Ratio 0.00
Return on Assets (%) 13.72
Return on Capital (%) 29.73
Particulars MAR 2022 (Values in Cr)
Cash & Short Term Investments 25.70
Total Assets 268.31
Total Liabilities 268.31
Total Equity 72.18
Share Outstanding 0
Price to Book Ratio 0.00
Return on Assets (%) 13.41
Return on Capital (%) 46.03
Particulars MAR 2021 (Values in Cr)
Cash & Short Term Investments 27.23
Total Assets 125.12
Total Liabilities 125.12
Total Equity 36.81
Share Outstanding 0
Price to Book Ratio 0.00
Return on Assets (%) 13.16
Return on Capital (%) 36
Particulars MAR 2025 (Values in Cr)
Cash & Short Term Investments 185.16
Total Assets 788.26
Total Liabilities 788.26
Total Equity 503.43
Share Outstanding 5
Price to Book Ratio 3.80
Return on Assets (%) 3.82
Return on Capital (%) 5.94
Particulars MAR 2024 (Values in Cr)
Cash & Short Term Investments 28.43
Total Assets 513.63
Total Liabilities 513.63
Total Equity 194.68
Share Outstanding 4
Price to Book Ratio 0.00
Return on Assets (%) 12.01
Return on Capital (%) 24.75
Particulars MAR 2023 (Values in Cr)
Cash & Short Term Investments 46.34
Total Assets 337.42
Total Liabilities 337.42
Total Equity 122.40
Share Outstanding 0
Price to Book Ratio 0.00
Return on Assets (%) 13.82
Return on Capital (%) 29.86
Particulars MAR 2022 (Values in Cr)
Cash & Short Term Investments 25.29
Total Assets 267.34
Total Liabilities 267.34
Total Equity 72.14
Share Outstanding 0
Price to Book Ratio 0.00
Return on Assets (%) 13.44
Return on Capital (%) 46.01
Particulars MAR 2021 (Values in Cr)
Cash & Short Term Investments 11.76
Total Assets 116.86
Total Liabilities 116.86
Total Equity 36.82
Share Outstanding 0
Price to Book Ratio 0.00
Return on Assets (%) 14.10
Return on Capital (%) 36.01
Particulars MAR 2025 (Values in Cr)
Net Income 44.44
Cash from Operations -34.49
Cash from Investing -13.88
Cash from Financing 218.10
Net change in Cash 138.84
Free Cash Flow -26.17
Particulars MAR 2024 (Values in Cr)
Net Income 88.89
Cash from Operations 1.91
Cash from Investing -14.12
Cash from Financing 14.50
Net change in Cash -9.69
Free Cash Flow 9.89
Particulars MAR 2023 (Values in Cr)
Net Income 62.71
Cash from Operations 35.02
Cash from Investing -25.01
Cash from Financing -2.10
Net change in Cash -7.12
Free Cash Flow 42.22
Particulars MAR 2022 (Values in Cr)
Net Income 47.82
Cash from Operations 45.36
Cash from Investing -24.93
Cash from Financing 5.92
Net change in Cash 14.50
Free Cash Flow 64.45
Particulars MAR 2021 (Values in Cr)
Net Income 22.80
Cash from Operations 24.92
Cash from Investing -16.73
Cash from Financing -0.30
Net change in Cash 2.92
Free Cash Flow 28.93
Particulars MAR 2025 (Values in Cr)
Net Income 43.90
Cash from Operations -34.65
Cash from Investing -13.84
Cash from Financing 218.08
Net change in Cash 138.71
Free Cash Flow -26.37
Particulars MAR 2024 (Values in Cr)
Net Income 87.93
Cash from Operations 2.36
Cash from Investing -14.81
Cash from Financing 14.49
Net change in Cash -9.92
Free Cash Flow 10.43
Particulars MAR 2023 (Values in Cr)
Net Income 63.07
Cash from Operations 7.43
Cash from Investing -24.29
Cash from Financing 24.92
Net change in Cash -6.95
Free Cash Flow 14.39
Particulars MAR 2022 (Values in Cr)
Net Income 47.79
Cash from Operations 44.69
Cash from Investing -24.67
Cash from Financing 5.93
Net change in Cash 14.10
Free Cash Flow 63.51
Particulars MAR 2021 (Values in Cr)
Net Income 22.81
Cash from Operations 18.16
Cash from Investing -8.24
Cash from Financing -0.31
Net change in Cash 4.61
Free Cash Flow 21.80
Company Name Price P/E P/B Market Cap 52 Week Low 52 Week High
RELIANCE INFRASTRUCTURE LTD. 78.96 0.75 0.19 3226.55 64.25 425.00
Cemindia Projects Limited 814.55 23.41 5.83 13992.96 477.00 943.20
GAMMON INDIA LTD. 1.45 0.00 0.00 53.59 0.00 0.00
HINDUSTAN CONSTRUCTION CO 22.04 34.98 2.75 5773.31 13.60 31.47
Company Name Price P/E P/B Market Cap 52 Week Low 52 Week High
RELIANCE INFRASTRUCTURE LTD. 78.96 0.00 0.13 3226.55 64.25 425.00
Cemindia Projects Limited 814.55 23.57 5.84 13992.96 477.00 943.20
GAMMON INDIA LTD. 1.45 0.00 0.00 53.59 0.00 0.00
HINDUSTAN CONSTRUCTION CO 22.04 16.33 1.92 5773.31 13.60 31.47

JNK INDIA LIMITED shareholding pattern

Holding
18.47%
67.78%
1.17%
12.56%
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News

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JNK INDIA LIMITED Technicals Summary

  • EMA & SMA
  • Resistance and Support
  • Delivery and Volume
  • Beta
  • Price Change Analysis
360.66 -1.99 redarrow
red-green-graph indicator
2 Bearish
14 Bullish
  • 5 Days 362.90
  • 26 Days 309.60
  • 10 Days 349.20
  • 50 Days 282.90
  • 12 Days 343.00
  • 100 Days 268.90
  • 20 Days 321.50
  • 200 Days 293.30
369.01 PIVOT
First Support 359.01 First Resistance 378.01 Second Support 350.01 Second Resistance 388.01 Third Support 340.01 Third Resistance 397.01
RSI 68.80 ADX 41.53 MACD 33.35 Williams % R -20.94 Commodity Channel Index (CCI) 83.48
Date 2026-04-30 Week 161657.00 Same Day 45758.00 Month 225570.00
1 Year 1.38 3 Year 1.35
Over 1 Month
71.72% down
Over 1 Year
2.31% down
Over 3 Months
57.96% down
Over 3 Years
0.00% down
Over 6 Months
22.11% down
Over 5 Years
0.00% down

JNK INDIA LIMITED Corporate Actions

Dividend date Dividend amount Dividend type Record date Instrument type
18 Sep 2025 0.3 Final 18 Sep 2025 Equity shares
21 Oct 2024 0.3 Final 21 Oct 2024 Equity shares
Dividend date Dividend amount Dividend type Record date Instrument type
18 Sep 2025 0.3 Final 18 Sep 2025 Equity shares
21 Oct 2024 0.3 Final 21 Oct 2024 Equity shares

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JNK INDIA LIMITED Share Price

JNK India Limited was incorporated as 'JNK India Private Limited', a Private Limited Company in Thane, Maharashtra dated June 14, 2010, granted by the Registrar of Companies. The Company converted from a Private Company into a Public Company and the name was changed to 'JNK India Limited', vide a fresh Certificate of Incorporation on May 26, 2023.

JNK India is in the business of manufacturing the process fired heaters, reformers and cracking furnaces that are required in process industries such as for oil and gas refineries, petrochemical and fertilizer industries. Over the years Company has diversified into flares and incinerator systems and have been developing capabilities in the renewable sector with green hydrogen.

Heating equipment such as process fired heaters and reformers are used in a typical refinery and are also an effective and efficient heating solution for a wide range of industrial applications, but proper design, installation, and operation are critical to ensure safe and reliable performance. Process fired heaters are the critical equipment in a refinery. Around 10 - 20 process fired heaters are used in any typical refinery. Of all the process fired heaters, four applications such as the CDU, VDU, delayed coker unit and catalytic reforming units are the most critical and the capex for these heaters is also high when compared with the other heater application areas in the refinery.

The Company has been working closely with JNK Heaters a KOSDAQ listed company. While for certain projects, the Company is able to participate independently and acquire projects in Heating Equipment, for certain projects it partner as a global joint engineering and implementing partner for JNK Heaters. JNK Heaters is also one of the Corporate Promoters of the Company with a shareholding of 25.79% as on Aug' 22, 2023. In India, the Company completed projects in Andhra Pradesh, Assam, Bihar, Karnataka, Kerala, Maharashtra, Tamil Nadu, West Bengal and globally in Nigeria and Mexico. Thereafter, it completed projects in India at Numaligarh, Assam; Kochi, Kerala; Barauni, Bihar; and overseas at Lagos, Nigeria.

In 2019, the Company received first purchase order in Nigeria for erection work from a private refinery company of a multinational industrial conglomerate from Nigeria; later in 2021, it received purchase order for supply of natural gas and bio - compressed natural gas reforming based hydrogen infrastructure for refuelling fuel cell buses and purchase order for flare systems, in Nigeria during the same period.

The Company incorporated JNK Renewable Energy Private Limited as a subsidiary in 2022.

The Company launched a public issue of allotting 15,649,967 equity shares of face value Rs 2 each, by raising funds aggregating to Rs 650 Crore, comprising a fresh issue of 7,228,915 equity shares aggregating to Rs 300 Cr and 8,421,052 equity shares aggregating to Rs 350 Crore via offer for sale in April, 2024.

The Company has installed Hydrogen Refueling Station (HRS) at the Indian Oil R&D Centre, Faridabad, Haryana in 2024.

In FY 2025, Company diversified into new product lines: incinerators, cracking furnaces, flares, process plants, energy storage systems and Solar EPC. The Company launched the first project of cracking furnaces for Reliance, incinerators, flare packages and process plants.

Parent organization Indian Private
NSE symbol JNKINDIA
Founded 2010
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Board Of Directors

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Arvind Kamath Chairperson & Whole Time Direc
Goutam Rampelli Vice Chairman & Executive Dire
Dipak Kacharulal Bharuka ED / WTD / CEO / Promoter
Bang Hee Kim Non-Exec & Non-Independent Dir
B K Namdeo Independent Non Exe. Director
R G Rajan Independent Non Exe. Director
Sudha Gupta Independent Non Exe. Director
Mohammad Habibulla Independent Non Exe. Director
Ashish Soni Company Sec. & Compli. Officer
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Frequently Asked Questions

What is the Current Share Price of JNK India Ltd?

Answer Field

JNK India Ltd share price is for NSE ₹ 374.30 & for BSE ₹ 375.25 as on May 04 2026 12:02 PM.

What is the Market Cap of JNK India Ltd Share?

Answer Field

The market cap of JNK India Ltd for NSE ₹ 0.00 & for BSE ₹ 0.00 as on May 04 2026 12:02 PM.

What is the 52 Week High and Low of JNK India Ltd?

Answer Field

The 52 Week High and Low of JNK India Ltd for NSE is ₹ 398.00 and ₹ 200.92 and for BSE is ₹ 397.70 and ₹ 201.60.

What is 1 year return for JNK India Ltd?

Answer Field

The 1 year returns on the stock has been 2.31%.

What is the P/E Ratio of JNK India Ltd Share?

Answer Field

As on May 04 2026 12:02 PM the price-to-earnings (PE) ratio for JNK India Ltd share is 43.32.

What is the PB ratio of JNK India Ltd Share?

Answer Field

As on May 04 2026 12:02 PM, the price-to-book (PB) ratio for JNK India Ltd share is 92.63.

How to Buy JNK India Ltd Share?

Answer Field

You can trade in JNK India Ltd shares with Bajaj Broking by opening a demat account.

How to Buy JNK India Ltd Share on Bajaj Broking App?

Answer Field

To buy JNK India Ltd shares on the Bajaj Broking app, follow these steps:

• Login to the Bajaj Broking App

• Click on the Search Icon

• Search “JNK India 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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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.