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    VODAFONE IDEA LIMITED Share Price Today

    VODAFONE IDEA LIMITED is currently trading at ₹13.93, up by ₹0.07 from the previous close. The stock touched an intraday high of ₹14.27 and a low of ₹13.81 during the latest trading session. Over the past one year, VODAFONE IDEA LIMITED has delivered a return of 89.98%, while the stock has declined 3.81% in the last one month.

    VODAFONE IDEA LIMITED performance

    Today’s low Today’s high
    ₹ 13.81 ₹ 14.27
    ₹ 13.93
    52 week low 52 week high
    ₹ 6.12 ₹ 15.34
    ₹ 13.93
    Open Price ₹ 13.84
    Prev. Close ₹ 13.85
    Volume (Shares) 415863719.00
    Total traded value ₹ 57929.81
    Upper Circuit ₹ 15.23
    Lower Circuit ₹ 12.47
    info

    Investment Returns

    Over 1 Month -3.81% Over 3 Months 60.48% Over 6 Months 20.85% Over 1 Year 89.98%
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    VODAFONE IDEA LIMITED fundamentals


    • Market cap (Cr) 1,50,921.80
    • P/E Ratio (TTM) 4.36
    • Beta 1.40
    • Book Value / share -3.26
    • Return on equity 0.00%
    • EPS (TTM) 0.00
    • Dividend yield 0.00%
    • Net profit/quarter (Cr) 52,022.00
    info icon alternate text
    • Market cap (Cr) 1,50,921.80
    • P/E Ratio (TTM) 4.36
    • Beta 1.22
    • Book Value / share -3.26
    • Return on equity 0.00%
    • EPS (TTM) 0.00
    • Dividend yield 0.00%
    • Net profit/quarter (Cr) 52,022.00
    info icon alternate text

    VODAFONE IDEA LIMITED Financials

    • Key Results
    • Key Ratios
    • Balance sheet
    • Cash Flow
    • Competition
    Open financial information
    Revenue
    Net income
    Particulars MAR 2026 (Values in Cr)
    Revenue 11180.00
    Operating Expense 16771.00
    Net Profit 52022.00
    Net Profit Margin (%) 465.31
    Earnings Per Share (EPS) 4.80
    EBITDA 62249.00
    Effective Tax Rate (%) 0.00
    Particulars DEC 2025 (Values in Cr)
    Revenue 11205.00
    Operating Expense 17819.00
    Net Profit -5324.00
    Net Profit Margin (%) -47.51
    Earnings Per Share (EPS) -0.49
    EBITDA 5883.00
    Effective Tax Rate (%) 0.00
    Particulars SEP 2025 (Values in Cr)
    Revenue 11058.00
    Operating Expense 16798.00
    Net Profit -5584.00
    Net Profit Margin (%) -50.49
    Earnings Per Share (EPS) -0.52
    EBITDA 4603.00
    Effective Tax Rate (%) 0.00
    Particulars JUN 2025 (Values in Cr)
    Revenue 10896.40
    Operating Expense 17763.30
    Net Profit -6632.90
    Net Profit Margin (%) -60.87
    Earnings Per Share (EPS) -0.63
    EBITDA 4580.00
    Effective Tax Rate (%) 0.00
    Particulars MAR 2025 (Values in Cr)
    Revenue 10822.00
    Operating Expense 18366.00
    Net Profit -7268.00
    Net Profit Margin (%) -67.15
    Earnings Per Share (EPS) -1.02
    EBITDA 4638.00
    Effective Tax Rate (%) 0.00
    Particulars MAR 2026 (Values in Cr)
    Revenue 44340.00
    Operating Expense 69151.00
    Net Profit 34482.00
    Net Profit Margin (%) 77.76
    Earnings Per Share (EPS) 3.20
    EBITDA 77316.00
    Effective Tax Rate (%) 0.00
    Particulars MAR 2025 (Values in Cr)
    Revenue 43045.00
    Operating Expense 71767.00
    Net Profit -27442.00
    Net Profit Margin (%) -63.75
    Earnings Per Share (EPS) -4.01
    EBITDA 18499.00
    Effective Tax Rate (%) 0.00
    Particulars MAR 2024 (Values in Cr)
    Revenue 42245.40
    Operating Expense 73552.20
    Net Profit -31236.20
    Net Profit Margin (%) -73.93
    Earnings Per Share (EPS) -6.41
    EBITDA 17337.10
    Effective Tax Rate (%) -2.70
    Particulars MAR 2023 (Values in Cr)
    Revenue 41884.10
    Operating Expense 71347.30
    Net Profit -29307.80
    Net Profit Margin (%) -69.97
    Earnings Per Share (EPS) -8.43
    EBITDA 16398.30
    Effective Tax Rate (%) 0.00
    Particulars MAR 2022 (Values in Cr)
    Revenue 38202.40
    Operating Expense 66618.10
    Net Profit -28237.20
    Net Profit Margin (%) -73.91
    Earnings Per Share (EPS) -9.82
    EBITDA 15593.70
    Effective Tax Rate (%) 0.00
    Particulars MAR 2025 (Values in Cr)
    Book Value / Share -15.03
    ROE % 0.00
    ROCE % 0.00
    Total Debt to Total Equity 0.00
    EBITDA Margin 43.95
    Particulars MAR 2024 (Values in Cr)
    Book Value / Share -20.78
    ROE % 0.00
    ROCE % 0.00
    Total Debt to Total Equity 0.00
    EBITDA Margin 42.18
    Particulars MAR 2023 (Values in Cr)
    Book Value / Share -15.28
    ROE % 0.00
    ROCE % 0.00
    Total Debt to Total Equity 0.00
    EBITDA Margin 40.56
    Particulars MAR 2022 (Values in Cr)
    Book Value / Share -19.29
    ROE % 0.00
    ROCE % 0.00
    Total Debt to Total Equity 0.00
    EBITDA Margin 42.40
    Particulars MAR 2021 (Values in Cr)
    Book Value / Share -13.30
    ROE % 0.00
    ROCE % 0.00
    Total Debt to Total Equity 0.00
    EBITDA Margin 41.26
    Particulars MAR 2025 (Values in Cr)
    Book Value / Share -14.96
    ROE % 0.00
    ROCE % 0.00
    Total Debt to Total Equity 0.00
    EBITDA Margin 42.86
    Particulars MAR 2024 (Values in Cr)
    Book Value / Share -20.68
    ROE % 0.00
    ROCE % 0.00
    Total Debt to Total Equity 0.00
    EBITDA Margin 40.97
    Particulars MAR 2023 (Values in Cr)
    Book Value / Share -15.17
    ROE % 0.00
    ROCE % 0.00
    Total Debt to Total Equity 0.00
    EBITDA Margin 39.12
    Particulars MAR 2022 (Values in Cr)
    Book Value / Share -19.13
    ROE % 0.00
    ROCE % 0.00
    Total Debt to Total Equity 0.00
    EBITDA Margin 40.80
    Particulars MAR 2021 (Values in Cr)
    Book Value / Share -13.12
    ROE % 0.00
    ROCE % 0.00
    Total Debt to Total Equity 0.00
    EBITDA Margin 39.95
    Particulars MAR 2025 (Values in Cr)
    Cash & Short Term Investments 10568.50
    Total Assets 197866.60
    Total Liabilities 197866.60
    Total Equity -70320.20
    Share Outstanding 7139
    Price to Book Ratio -0.46
    Return on Assets (%) -13.83
    Return on Capital (%) -21.74
    Particulars MAR 2024 (Values in Cr)
    Cash & Short Term Investments 536.20
    Total Assets 184997.70
    Total Liabilities 184997.70
    Total Equity -104166.80
    Share Outstanding 5011
    Price to Book Ratio -0.64
    Return on Assets (%) -16.88
    Return on Capital (%) -30.19
    Particulars MAR 2023 (Values in Cr)
    Cash & Short Term Investments 855.40
    Total Assets 207242.70
    Total Liabilities 207242.70
    Total Equity -74359.10
    Share Outstanding 4867
    Price to Book Ratio -0.38
    Return on Assets (%) -14.13
    Return on Capital (%) -23.03
    Particulars MAR 2022 (Values in Cr)
    Cash & Short Term Investments 3496.60
    Total Assets 194029.10
    Total Liabilities 194029.10
    Total Equity -61964.80
    Share Outstanding 3211
    Price to Book Ratio -0.51
    Return on Assets (%) -14.55
    Return on Capital (%) -21.9
    Particulars MAR 2021 (Values in Cr)
    Cash & Short Term Investments 2216.50
    Total Assets 203480.60
    Total Liabilities 203480.60
    Total Equity -38228.00
    Share Outstanding 2873
    Price to Book Ratio -0.71
    Return on Assets (%) -21.73
    Return on Capital (%) -31.13
    Particulars MAR 2025 (Values in Cr)
    Cash & Short Term Investments 10471.00
    Total Assets 197457.60
    Total Liabilities 197457.60
    Total Equity -69856.20
    Share Outstanding 7139
    Price to Book Ratio -0.46
    Return on Assets (%) -13.89
    Return on Capital (%) -21.68
    Particulars MAR 2024 (Values in Cr)
    Cash & Short Term Investments 453.90
    Total Assets 185001.40
    Total Liabilities 185001.40
    Total Equity -103644.00
    Share Outstanding 5011
    Price to Book Ratio -0.64
    Return on Assets (%) -16.88
    Return on Capital (%) -29.97
    Particulars MAR 2023 (Values in Cr)
    Cash & Short Term Investments 771.60
    Total Assets 207273.10
    Total Liabilities 207273.10
    Total Equity -73838.80
    Share Outstanding 4867
    Price to Book Ratio -0.38
    Return on Assets (%) -14.13
    Return on Capital (%) -22.9
    Particulars MAR 2022 (Values in Cr)
    Cash & Short Term Investments 3378.20
    Total Assets 193931.40
    Total Liabilities 193931.40
    Total Equity -61436.20
    Share Outstanding 3211
    Price to Book Ratio -0.51
    Return on Assets (%) -14.56
    Return on Capital (%) -21.78
    Particulars MAR 2021 (Values in Cr)
    Cash & Short Term Investments 2013.80
    Total Assets 203131.40
    Total Liabilities 203131.40
    Total Equity -37707.60
    Share Outstanding 2873
    Price to Book Ratio -0.71
    Return on Assets (%) -22.79
    Return on Capital (%) -38.65
    Particulars MAR 2025 (Values in Cr)
    Net Income -27367.60
    Cash from Operations 8815.10
    Cash from Investing -16248.30
    Cash from Financing 7046.70
    Net change in Cash 89.00
    Free Cash Flow 18820.10
    Particulars MAR 2024 (Values in Cr)
    Net Income -30409.80
    Cash from Operations 17855.70
    Cash from Investing -1906.80
    Cash from Financing -18980.30
    Net change in Cash -61.00
    Free Cash Flow 19469.60
    Particulars MAR 2023 (Values in Cr)
    Net Income -29297.60
    Cash from Operations 17523.80
    Cash from Investing -5413.60
    Cash from Financing -14679.50
    Net change in Cash -1224.40
    Free Cash Flow 21466.00
    Particulars MAR 2022 (Values in Cr)
    Net Income -28234.10
    Cash from Operations 15917.50
    Cash from Investing -5730.30
    Cash from Financing -10553.80
    Net change in Cash 1102.90
    Free Cash Flow 21926.40
    Particulars MAR 2021 (Values in Cr)
    Net Income -44253.40
    Cash from Operations 14849.40
    Cash from Investing 1075.10
    Cash from Financing -16731.40
    Net change in Cash -16.60
    Free Cash Flow 19559.10
    Particulars MAR 2025 (Values in Cr)
    Net Income -27442.10
    Cash from Operations 8138.40
    Cash from Investing -15283.80
    Cash from Financing 6906.70
    Net change in Cash 64.30
    Free Cash Flow 17884.50
    Particulars MAR 2024 (Values in Cr)
    Net Income -30414.20
    Cash from Operations 17243.10
    Cash from Investing -1267.10
    Cash from Financing -18964.70
    Net change in Cash -67.40
    Free Cash Flow 18738.50
    Particulars MAR 2023 (Values in Cr)
    Net Income -29307.80
    Cash from Operations 17014.00
    Cash from Investing -4966.00
    Cash from Financing -14592.90
    Net change in Cash -1192.80
    Free Cash Flow 20779.40
    Particulars MAR 2022 (Values in Cr)
    Net Income -28237.20
    Cash from Operations 15376.60
    Cash from Investing -5222.80
    Cash from Financing -10463.90
    Net change in Cash 1174.20
    Free Cash Flow 21152.90
    Particulars MAR 2021 (Values in Cr)
    Net Income -46314.50
    Cash from Operations 14422.50
    Cash from Investing 1569.90
    Cash from Financing -16773.80
    Net change in Cash -78.20
    Free Cash Flow 18917.70
    Company Name Price P/E P/B Market Cap 52 Week Low 52 Week High
    MAHANAGAR TELEPHONE NIGAM 28.94 0.00 -0.06 1823.22 20.30 53.60
    TATA COMMUNICATIONS LTD. 1907.05 51.53 15.76 54354.12 1323.00 2109.90
    NETTLINX LTD. 15.91 0.00 0.63 38.47 13.75 32.11
    BHARTI AIRTEL LIMITED 1924.85 40.09 7.86 1172864.88 1745.00 2174.70
    Company Name Price P/E P/B Market Cap 52 Week Low 52 Week High
    QUADRANT TELEVENTURES LIMITED 0.40 0.00 0.00 24.49 0.24 0.52
    MAHANAGAR TELEPHONE NIGAM 28.94 0.00 -0.06 1823.22 20.30 53.60
    TATA COMMUNICATIONS LTD. 1907.05 70.82 5.13 54354.12 1323.00 2109.90
    GTL LTD 7.52 0.00 -0.02 118.29 4.85 11.28

    VODAFONE IDEA LIMITED shareholding pattern

    Holding
    62.58%
    25.64%
    5.56%
    6.21%
    11.81%
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    News

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    VODAFONE IDEA LIMITED Technicals Summary

    • EMA & SMA
    • Resistance and Support
    • Delivery and Volume
    • Beta
    • Price Change Analysis
    13.93 0.57 redarrow
    red-green-graph indicator
    10 Bearish
    6 Bullish
    • 5 Days 14.20
    • 26 Days 14.10
    • 10 Days 14.30
    • 50 Days 13.40
    • 12 Days 14.30
    • 100 Days 12.30
    • 20 Days 14.30
    • 200 Days 11.20
    13.92 PIVOT
    First Support 13.69 First Resistance 14.08 Second Support 13.53 Second Resistance 14.31 Third Support 13.30 Third Resistance 14.47
    RSI 45.38 ADX 11.36 MACD 0.17 Williams % R -93.57 Commodity Channel Index (CCI) -134.68
    Date 2026-07-07 Week 92157545.00 Same Day 79658461.00 Month 148145158.00
    1 Year 1.40 3 Year 1.72
    Over 1 Month
    -3.81% down
    Over 1 Year
    89.98% down
    Over 3 Months
    60.48% down
    Over 3 Years
    22.96% down
    Over 6 Months
    20.85% down
    Over 5 Years
    9.37% down

    VODAFONE IDEA LIMITED Corporate Actions

    Dividend date Dividend amount Dividend type Record date Instrument type
    22 Sep 2016 0.6 Final 24 Sep 2016 Equity shares
    18 Sep 2015 0.6 Final 22 Sep 2015 Equity shares
    18 Sep 2014 0.4 Final 20 Sep 2014 Equity shares
    05 Sep 2013 0.3 Final 07 Sep 2013 Equity shares
    Dividend date Dividend amount Dividend type Record date Instrument type
    22 Sep 2016 0.6 Final 24 Sep 2016 Equity shares
    18 Sep 2015 0.6 Final 22 Sep 2015 Equity shares
    18 Sep 2014 0.4 Final 20 Sep 2014 Equity shares
    05 Sep 2013 0.3 Final 07 Sep 2013 Equity shares

    Top Gainers

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    About the Company

    Vi is a telecommunications company offering voice, data, internet and digital communication services across India. The company was formed in 2018 following the merger of Vodafone India and Idea Cellular. It is listed on the National Stock Exchange under the ticker IDEA and on BSE under the code 532822. Vi is backed by the Aditya Birla Group and Vodafone Group, with the Government of India also holding an equity stake in the company. 

    Vi has its corporate office in Mumbai and registered office in Gandhinagar. It provides mobile and internet services across India’s telecom circles. The company offers prepaid and postpaid mobile services, enterprise communication services, cloud services, IoT services, managed services, VoLTE, and VoWiFi services. It has network infrastructure across urban and rural areas, with 4G services and expanding 5G services across India. 

    Vi also operates through subsidiaries involved in broadband, enterprise communication, and digital-network services. The company continues to expand its telecom infrastructure, spectrum usage, and digital-service operations across different regions.

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    Board Of Directors

    Neena Gupta Independent Director
    Ashwani Windlass Independent Director
    Suresh Choithram Vaswani Independent Director
    Himanshu Kapania Non Executive Director
    Sunil Sood Non Executive Director
    Sushil Agarwal Non Executive Director
    Anjani Kumar Agrawal Independent Director
    Kumar Mangalam Birla Non Executive Director
    Ravinder Takkar Chairman (Non-Executive)
    Rajat Kumar Jain Independent Director
    Selcuk Karacay Non Executive Director
    Sunirmal Talukdar Independent Director
    Pankaj Kapdeo Company Sec. & Compli. Officer

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    Frequently Asked Questions

    What is the Current Share Price of Vodafone Idea Ltd?

    Answer Field

    Vodafone Idea Ltd share price is for NSE ₹ 13.93 & for BSE ₹ 13.93 as on Jul 08 2026 03:30 PM.

    What is the Market Cap of Vodafone Idea Ltd Share?

    Answer Field

    The market cap of Vodafone Idea Ltd for NSE ₹ 0.00 & for BSE ₹ 0.00 as on Jul 08 2026 03:30 PM.

    What is the 52 Week High and Low of Vodafone Idea Ltd?

    Answer Field

    The 52 Week High and Low of Vodafone Idea Ltd for NSE is ₹ 15.34 and ₹ 6.12 and for BSE is ₹ 15.35 and ₹ 6.12.

    What is 1 year return for Vodafone Idea Ltd?

    Answer Field

    The 1 year returns on the stock has been 89.98%.

    What is the P/E Ratio of Vodafone Idea Ltd Share?

    Answer Field

    As on Jul 08 2026 03:30 PM the price-to-earnings (PE) ratio for Vodafone Idea Ltd share is 4.36.

    What is the PB ratio of Vodafone Idea Ltd Share?

    Answer Field

    As on Jul 08 2026 03:30 PM, the price-to-book (PB) ratio for Vodafone Idea Ltd share is -3.26.

    How to Buy Vodafone Idea Ltd Share?

    Answer Field

    You can trade in Vodafone Idea Ltd shares with Bajaj Broking by opening a demat account.

    How to Buy Vodafone Idea Ltd Share on Bajaj Broking App?

    Answer Field

    To buy Vodafone Idea Ltd shares on the Bajaj Broking app, follow these steps:

    • Login to the Bajaj Broking App

    • Click on the Search Icon

    • Search “Vodafone Idea Ltd”

    • Click on the BUY icon

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

    • Click BUY again to complete the purchase

    Who is the CEO of Vodafone Idea Limited?

    Answer Field

    The CEO of Vodafone Idea Limited is Akshaya Moondra.

    When was Vodafone Idea Limited established?

    Answer Field

    Vodafone Idea Limited was incorporated as Birla Communications Limited on March 14, 1995, and granted a certificate of commencement of business on August 11, 1995, with its registered office in Mumbai, Maharashtra.

    What factors influence the Vodafone Idea Share Price?

    Answer Field

    The Vodafone Idea share price is influenced by factors such as debt load, company performance, subscriber base, market share, liquidity, government support, and the competitive landscape in the telecom industry. Additionally, changes in revenue, earnings, and industry conditions impact stock price fluctuations.

    Is Vodafone Idea Limited debt-free?

    Answer Field

    No, Vodafone Idea Limited is not debt-free. As of June 2024, it has a debt load of ₹4,650 crore, alongside ₹2.1 trillion owed to the government. It faces significant debt repayment obligations, including ₹43,000 crore annually between FY2027-31.

    What is the CAGR of Vodafone Idea Share?

    Answer Field

    The compound annual growth rate (CAGR) return for Vodafone Idea shares is -43.2%.

    How has the Vodafone Idea Share Price performed over the past year?

    Answer Field

    Over the past year, the Vodafone Idea share price has declined by -43.46%. The stock is currently trading at ₹7.48 as of November 13, 2024, with a 52-week high of ₹19.15 and a low of ₹7.59.

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    "We understand that certain investment advisors may be approaching members of the public including our clients, representing that they are our partners, or representing that their investment advice is based on our research. Please note that we have not engaged any third parties to render any investment advisory services on our behalf nor are we providing any stock recommendations/tips/research report/advisory. Persons making investments on the basis of such advice may lose all or a part of their investments along with the fee paid to such unscrupulous persons. Please be cautious about any phone call that you may receive from persons representing to be such investment advisors, or a part of research firm offering advice on securities. Do not make payments through e-mail links, WhatsApp or SMS. Please do not share your personal or financial information with any person without proper verification. Always trade through a registered broker."

    Bajaj Financial Securities Limited is a subsidiary of Bajaj Finance Limited and is a corporate trading and clearing member of BSE Ltd. and National Stock Exchange of India Ltd. (NSEIL), and also a Depository participant with National Securities Depository Ltd (“NSDL”) and Central Depository Services Ltd. (“CDSL”).

    Bajaj Financial Securities Limited is engaged in the business of Stock Broking and as a Depository Participant.Bajaj Financial Securities Limited does not provide any advisory services to its clients. Bajaj Financial Securities Limited may share updates from time to time (through various electronic communication modes) which are sourced from public domain and the same are NOT to be construed as any advice or recommendation from Bajaj Financial Securities Limited. Client is requested to independently evaluate and/or consult their professional advisors before arriving at any conclusion to make any investment. The decision to invest shall be the sole responsibility of the Client and shall not hold Bajaj Financial Securities Limited, its employees and associates responsible for any losses, damages of any type whatsoever.

    BSE Ltd. is not in any manner answerable, responsible or liable to any person or persons for any acts of omission or commission, errors, mistakes and/or violation, actual or perceived, by us or our partners, agents, associates etc., of any of the Rules, Regulations, Bye-laws of the Stock Exchange, Mumbai, SEBI Act or any other laws in force from time to time.

    BSE Ltd. is not answerable, responsible or liable for any information on this Website or for any services rendered by our employees, our servants, and us.

    Personal Loan, Fixed Deposit, EMI Card are provided by Bajaj Finance Limited. Bajaj Financial Securities Limited is only a distributor. These are not exchange traded products and all disputes with respect to the distribution activity, would not have access to exchange investor redressal forum or Arbitration mechanism.

    No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.

    Please Note:

    1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020

    2. Update your mobile number & email ID with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge.

    3. Pay 20% upfront margin of the transaction value to trade in cash market segment.

    4. Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 and BSE vide notice no. 20200731-7 dated July 31, 2020 and 20200831-45 dated August 31, 2020 and other guidelines issued from time to time in this regard.

    5. Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.

    Client Registration Documents (Rights & Obligations, Risk Disclosure Document, Do's & Don'ts) in Vernacular Language: BSE | NSE

    If the client wishes to revoke /cancel the EDIS mandate placed by them, they can write on email us or call on the toll free number.

    Advisory for Investors : NSE | BSE

    We also do pro-account trading in Equity & Derivatives Segment.

    Filling complaints on SCORES - Easy & Quick

    A.  Register on SCORES portal B. Mandatory details for filling complaints on SCORES (i) Name, PAN, Address, Mobile Number, E-mail ID C. Benefits: (i) Effective Communication (ii) Speedy redressal of the grievances.

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

    Compliance officer:

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

    DISCLAIMER

    STANDARD DISCLAIMER

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

    Reg Office: Bajaj Auto Limited Complex, Mumbai –Pune Road Akurdi Pune 411035. Corporate Office: Bajaj Financial Securities Limited, 1st Floor, Mantri IT Park, Tower B, Unit No 9 & 10, Viman Nagar, Pune, Maharashtra 411014. SEBI Registration No.: INZ000218931 | BSE Cash/F&O/CDS (Member ID:6706) | NSE Cash/F&O/CDS (Member ID: 90177) | MCX Member ID: 57680 | DP registration No: IN-DP-418-2019 | CDSL DP No.: 12088600 | NSDL DP No. IN304300 | AMFI Registration No.: ARN –163403. 

    Website: Bajaj Broking

    RESEARCH DISCLAIMER

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

    Details of Compliance Officer: 

    Mr. Saksham Kaushik  (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.