Category: Personal Finance

Exotel raises $35 million funding from IIFL AMC, Sistema Asia Fund, others, BFSI News, ET BFSI

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Customer communication platform Exotel on Wednesday said has raised USD 35 million (about Rs 259.5 crore) in funding from IIFL AMC, Sistema Asia Fund, CX Partners, Singularity Growth Opportunities Fund and others.

Existing investors, Blume ventures and A91 capital along with angel investors also participated in the series C round, a statement said.

Arun Sarin, former CEO of Vodafone, has also joined the round as an angel investor and a mentor, it added.

The fresh funds will be used primarily to boost the growth of the company, it said.

“We’re investing heavily in building the market’s first vertically integrated full-stack engagement suite with interoperability of channels and convergence of customer data to enable enterprises to have multimodal conversations with customers. We are going to be expanding our team and doubling our headcount over the next 12 months,” Exotel CEO and co-founder Shivakumar Ganesan said.

Exotel, which had recently announced a merger with Ameyo, said the organisation is currently growing at 70 per cent year-on-year and is at an ARR (annual run rate) of USD 45 million. Exotel is looking to hit an ARR of 200 million USD over the next five years.

“CPaaS (Communications Platform as a Service) is a USD 6 billion market in India and SEA (South East Asia) and one of the fastest growing technology areas in the post-COVID world. Exotel has quietly emerged as the CPaaS platform of choice in India through their market-best reliability and comprehensive product suite,” Sumit Jain, Senior Partner at Sistema Asia Fund, said.



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Exotel raises $35 million funding from IIFL AMC, Sistema Asia Fund, others, BFSI News, ET BFSI

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Customer communication platform Exotel on Wednesday said has raised USD 35 million (about Rs 259.5 crore) in funding from IIFL AMC, Sistema Asia Fund, CX Partners, Singularity Growth Opportunities Fund and others.

Existing investors, Blume ventures and A91 capital along with angel investors also participated in the series C round, a statement said.

Arun Sarin, former CEO of Vodafone, has also joined the round as an angel investor and a mentor, it added.

The fresh funds will be used primarily to boost the growth of the company, it said.

“We’re investing heavily in building the market’s first vertically integrated full-stack engagement suite with interoperability of channels and convergence of customer data to enable enterprises to have multimodal conversations with customers. We are going to be expanding our team and doubling our headcount over the next 12 months,” Exotel CEO and co-founder Shivakumar Ganesan said.

Exotel, which had recently announced a merger with Ameyo, said the organisation is currently growing at 70 per cent year-on-year and is at an ARR (annual run rate) of USD 45 million. Exotel is looking to hit an ARR of 200 million USD over the next five years.

“CPaaS (Communications Platform as a Service) is a USD 6 billion market in India and SEA (South East Asia) and one of the fastest growing technology areas in the post-COVID world. Exotel has quietly emerged as the CPaaS platform of choice in India through their market-best reliability and comprehensive product suite,” Sumit Jain, Senior Partner at Sistema Asia Fund, said.



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Exotel raises $35 million funding from IIFL AMC, Sistema Asia Fund, others, BFSI News, ET BFSI

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Customer communication platform Exotel on Wednesday said has raised USD 35 million (about Rs 259.5 crore) in funding from IIFL AMC, Sistema Asia Fund, CX Partners, Singularity Growth Opportunities Fund and others.

Existing investors, Blume ventures and A91 capital along with angel investors also participated in the series C round, a statement said.

Arun Sarin, former CEO of Vodafone, has also joined the round as an angel investor and a mentor, it added.

The fresh funds will be used primarily to boost the growth of the company, it said.

“We’re investing heavily in building the market’s first vertically integrated full-stack engagement suite with interoperability of channels and convergence of customer data to enable enterprises to have multimodal conversations with customers. We are going to be expanding our team and doubling our headcount over the next 12 months,” Exotel CEO and co-founder Shivakumar Ganesan said.

Exotel, which had recently announced a merger with Ameyo, said the organisation is currently growing at 70 per cent year-on-year and is at an ARR (annual run rate) of USD 45 million. Exotel is looking to hit an ARR of 200 million USD over the next five years.

“CPaaS (Communications Platform as a Service) is a USD 6 billion market in India and SEA (South East Asia) and one of the fastest growing technology areas in the post-COVID world. Exotel has quietly emerged as the CPaaS platform of choice in India through their market-best reliability and comprehensive product suite,” Sumit Jain, Senior Partner at Sistema Asia Fund, said.



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Aditya Birla Sun Life AMC IPO subscribed 56% on Day 1, BFSI News, ET BFSI

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NEW DELHI: The initial public offering (IPO) of Aditya Birla Sun Life AMC saw steady response from investors on the first day of bidding on Wednesday.

By 5:00 pm, the issue saw applications for 1,54,80,400 shares against the issue size of 2,77,99,200 shares. This implies subscription of 56 per cent.

The company and its promoters plan to raise Rs 2,768 crore from the market. The initial share-sale is entirely an offer for sale, wherein two promoters — Aditya Birla Capital and Sun Life (India) AMC Investments — will divest their stake in the asset management firm.

Considering the TTM (trailing twelve month) adjusted EPS of Rs 20.27 on post issue basis, the company is going to list at a P/E of 35.13 with a market cap of Rs 20,505 crore, noted analysts. Its peers namely HDFC AMC and Nippon Life are trading at a P/E of 50 and 39, respectively.

Most analysts have a ‘subscribe’ rating.

“We assign ‘subscribe’ rating to this IPO as the company is the largest non-bank affiliated asset manager in India with diverse product portfolio and geographically diversified pan-India distribution presence. Also, the company is available at reasonable valuation as compared to its peers,” said Saurabh Joshi of Marwadi Shares and Finance.

Aditya Birla Sun Life AMC is ranked as the largest non-bank affiliated AMC in India and among the four largest AMCs in India by quarterly average assets under management. The company managed a total AUM of ₹2,93,642 crore as of June.



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SBI Credit Card Holders Can Avail 3 Days Mega Festive Offers

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Spending

oi-Kuntala Sarkar

|

SBI Card has announced the launch of a 3-days mega shopping festive offer of 2021, ‘Dumdaar Dus’. The offer will be started on October 3, and will be active till October 5, this year. SBI officially informs, “SBI Card retail cardholders will have the freedom to shop online on any domestic e-commerce site, and not be restricted to just one or two, to avail the 10% cashback.” As EMI transactions are getting more popularity for shopping among Indians, the SBI Credit Card festive offer will also be available on online merchant EMI transactions.

SBI Credit Card Holders Can Avail 3 Days Mega Festive Offers

With this festive offer, SBI Credit Card customers can purchase a wide range of products, like Mobiles and Accessories, TV and Large Appliances, Laptops and Tablets, Home Furnishing and Kitchen Appliances, Fashion or Apparel and Lifestyle, Sports and Fitness, among many others, and they will receive the cashback. However, the SBI festive offer will not be applicable on online spending for insurance, travel, wallet, jewellery, education, healthcare, utility merchants, etc.

The festive season is knocking at the door in India when people get engaged in shopping much more than any other time. During the festive seasons, liquidity flow in the economy stays at considerably good levels, and the economy gets a major boost. However, the pandemic-affected country faced major liquidity problems in the last year. People lost their jobs and wage cut was a common notion. Hence, credit card options saved a large section of them at that time. At present, the country’s economy has only started to recover and people are going back to their jobs, as lockdown restrictions were relaxed. But the need for liquidity is still on, hence credit cards can be an option for you to go shopping without tension. With festive offers by the SBI Credit cards, one can now fulfill their needs even more.

Story first published: Wednesday, September 29, 2021, 17:44 [IST]



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2 Best ELSS Funds To Invest In 2021 Based On 5-star Rating Of Morningstar

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DSP Tax Saver Fund Regular Plan Growth

This fund has been there for eight years having been launched by the fund house DSP Mutual Fund in 2013. DSP Tax Saver Direct Plan-Growth CAGR returns for the past year were 66.52 percent, and it has generated 18.91 percent average annual returns since its commencement. The fund has its equity allocation across the Financial, Technology, Energy, Construction, Metals sectors. ICICI Bank Ltd., Infosys Ltd., HDFC Bank Ltd., Axis Bank Ltd., and State Bank of India are the fund’s top five holdings.

The fund’s expense ratio is 1.76 percent, which is much higher than most other ELSS funds. The fund has been rated 5-star as of 24th August 2021 by Morningstar, and it has also been rated 4-star by Value Research and ranked 2 by CRISIL which indicates the consistency of the fund in terms of generating returns. As of 28th September 2021, the fund has a Net Asset Value (NAV) of Rs 87.415 and an Asset Under Management (AUM) of Rs 9,674.96 Cr as of 31st August 2021. The fund has no exit load as it has a lock-in term of 3 years and you can start making SIP in this fund with a minimum amount of Rs 500.

CAGR since Inception DSP Tax Saver Fund NIFTY 500 TRI NIFTY 50 TRI
1 Year 66.52% 56.94% 52.24%
3 years 19.46% 14.59% 14.94%
5 Years 17.33% 15.53% 15.70%
Source: invest.dspim.com, as of August 31, 2021

Axis Long Term Equity Direct Plan Growth

Axis Long Term Equity Direct Plan Growth

This fund was launched by the fund house Axis Mutual Fund in the year 2009 and thus is performing well for the last 12 years. Since its inception, the fund has generated an annualized return of 18.72%. Axis Long Term Equity Direct Plan-Growth returns of the last 1-year are 59.33%, according to the information from the website of the fund house. The fund has a major equity allocation across the Financial, Services, Technology, Chemicals, Healthcare sectors. Bajaj Finance Ltd., Tata Consultancy Services Ltd., Avenue Supermarts Ltd., Info Edge (India) Ltd., Divi’s Laboratories Ltd. are the fund’s best-performing holdings.

The fund has been rated 5-star by Morningstar as of 30th December 2019. The fund has also achieved a 4-star rating by Value Research and ranked 3 by CRISIL. The fund has an expense ratio of 0.77%, which is quite low by the expense ratio of other funds in the same category. As of 28th September 2021, the fund has a Net Asset Value (NAV) of Rs 75.97 and the AUM of the fund is Rs 33,871.43 as of 31st August 2021. One can start a minimum SIP contribution of Rs 500 per month in this fund.

Period Annualised(%) S&P BSE 200 TRI Benchmark(%) Nifty 50 TRI Additional Benchmark(%)
Since inception 29th December 2009 18.72% 12.57% 12.13%
5 Years 17.31% 15.82% 15.70%
3 Years 16.89% 14.96% 14.94%
1 Years 59.33% 55.45% 52.24%
Source: axismf.com, Regular Growth as of August 31, 2021

Disclaimer

Disclaimer

The views and investment tips expressed by authors or employees of Greynium Information Technologies, should not be construed as investment advice to buy or sell stocks, gold, currency, or other commodities. Investors should certainly not take any trading and investment decision based only on information discussed on GoodReturns.in We are not a qualified financial advisor and any information herein is not investment advice. It is informational in nature. All readers and investors should note that neither Greynium nor the author of the articles, would be responsible for any decision taken based on these articles. Please do consult a professional advisor. Greynium Information Technologies Pvt Ltd, its subsidiaries, associates, and authors do not accept culpability for losses and/or damages arising based on information in GoodReturns.in



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Aditya Birla Sun Life AMC IPO sees 54% bids so far on Day 1, BFSI News, ET BFSI

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NEW DELHI: The initial public offering (IPO) of Aditya Birla Sun Life AMC saw strong response from investors on the first day of bidding on Wednesday.

By 11.18 am, the issue saw applications for 1,51,09,840 shares against the issue size of 2,77,99,200 shares. This implies subscription of 54 per cent.

The company and its promoters plan to raise Rs 2,768 crore from the market. The initial share-sale is entirely an offer for sale, wherein two promoters — Aditya Birla Capital and Sun Life (India) AMC Investments — will divest their stake in the asset management firm.

Considering the TTM (trailing twelve month) adjusted EPS of Rs 20.27 on post issue basis, the company is going to list at a P/E of 35.13 with a market cap of Rs 20,505 crore, noted analysts. Its peers namely HDFC AMC and Nippon Life are trading at a P/E of 50 and 39, respectively.

Most analysts have a ‘subscribe’ rating.

“We assign ‘subscribe’ rating to this IPO as the company is the largest non-bank affiliated asset manager in India with diverse product portfolio and geographically diversified pan-India distribution presence. Also, the company is available at reasonable valuation as compared to its peers,” said Saurabh Joshi of Marwadi Shares and Finance.

Aditya Birla Sun Life AMC is ranked as the largest non-bank affiliated AMC in India and among the four largest AMCs in India by quarterly average assets under management. The company managed a total AUM of ₹2,93,642 crore as of June.



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2 Stocks To Buy As Suggested By ICICI Securities

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Buy Vesuvius India with upside potential of 28%

ICICI Securities has a ‘Buy’ rating Vesuvius India for a target price of Rs. 1445, i.e. an upside of 28 percent from the last traded price of Rs. 1130 per share.

Vesuvius India (VIL) is a Vesuvius Group (UK) subsidiary. It is a well-known metal flow engineering firm. Shaped refractories are responsible for 37% of revenue in CY20, followed by unshaped refractories (37%), and services (26%).

What should investors do?

“We expect decent earnings in long term led by

operational efficiency, product innovation, R&D and strong steel capex pipeline. Target Price and Valuation: We value VIL at Rs 1445 i.e. 24x on CY22E EPS,” the brokerage has said.

Key triggers for future price-performance:

Key triggers for future price-performance:

  • Focused on acquiring domestic market share through localised manufacturing and innovative product introductions in the manufactured goods category. Currently, manufactured items account for 50-55 percent of total exports.
  • Focusing on the margin-enhancing solution oriented services category, which grew at a 34.4 percent CAGR from CY13 to CY20 and now accounts for 26% of revenue, up from 4% in CY13.
  • Demand for refractories is projected to be driven by increased steel production and technological improvement. With increasing infrastructure spending and a solid steel capex pipeline, India’s crude steel output is predicted to grow at a CAGR of 5.5 percent to 121 MT in FY20P-23E.
  • We expect VIL to return to superior margins of 14-16 percent in the next years as a result of cost reductions and specialised product launches.
  • Balance sheet strength is provided by net debt free b/s, double-digit return ratios, excellent cash flows, and cash and investment of Rs 559 crore.

Buy Bata India with upside potential of 21%

Buy Bata India with upside potential of 21%

With a presence in the men’s, women’s, and children’s footwear segments, Bata India is a key participant in the Indian footwear market.

ICICI Securities has a ‘Buy’ rating Bata India for a target price of Rs. 2120, i.e. an upside of 21 percent from the last traded price of Rs. 1750 per share.

Steady revenue recovery to aid premiumisation play.

“Bata has, over the last one year, delivered ~33% return whereas Relaxo delivered 77% returns owing to increased market share due to enhanced consumer preference towards open footwear. Strategies like cost reduction, focus on omni channel and calibrated expansion of retail network through asset light franchisee route can be structurally positive for Bata’s business. Strong revenue growth coupled with recovery in margin profile would enable Bata to reduce the valuation gap with Relaxo. We maintain our BUY rating on the company, the brokerage has said.

Key triggers for future price performance:

Key triggers for future price performance:

  • Bata has increased its digital initiatives, with e-commerce accounting for 15% of total revenue in FY21. Bata stores fulfilled 60% of marketplace orders and 100% of orders for its own website due to its focus on omni-channel shopping.
  • Bata is currently servicing 25000 multi-branded retailers, resulting in a 12 percent increase in revenue from wholesale distribution. This allows them to take advantage of its brand strength in newer cities. Bata is also expanding into Tier IIIV cities through franchises, adding 64 and seven locations in FY21 and Q1FY22, respectively, bringing the total number of franchise stores to 234 in total.
  • In FY22-24E, we predict the company to add 240 locations net, bringing the total store count to 1765.
  • We anticipate that when the pandemic’s impact fades, it will be able to resume its revenue growth trajectory thanks to its strong brand patronage and pan-India retail reach.

Disclaimer

Disclaimer

The views and investment tips expressed by authors or employees of Greynium Information Technologies, should not be construed as investment advice to buy or sell stocks, gold, currency, or other commodities. Investors should certainly not take any trading and investment decision based only on information discussed on GoodReturns.in We are not a qualified financial advisor and any information herein is not investment advice. It is informational in nature.



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Top 5 Banks Offering Up To 7.25% Returns On 3 Year Fixed Deposits

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North East Small Finance Bank

For a deposit amount of less than Rs 2 Cr, North East Small Finance Bank is now the only bank that is offering an interest rate of 6.75% to the regular public and 7.25% to senior citizens on 3-year deposits. With effect from 19th April 2021, the bank is promising the following interest rates on deposits of up to 3 years.

Tenure Interest rates for regular citizens in % p.a. Interest rates for senior citizens in p.a.
7-14 Days 3 3.5
15-29 Days 3 3.5
30-45 Days 3 3.5
46-90 Days 3.5 4
91-180 Days 4 4.5
181-365 Days 5 5.5
366 days to 729 days 6.75 7.25
730 days to less than 1095 6.75 7.25
Source: Bank Website

Ujjivan Small Finance Bank

Ujjivan Small Finance Bank

For a deposit amount of less than Rs 2 Cr, Ujjivan Small Finance Bank is now promising the following interest rates on fixed deposits made by regular or senior citizens.

Period Regular FD Interest Rate (p.a.) Senior Citizen FD Interest Rate (p.a.)
7-14 days 2.50% 3.00%
15-60 days 3.00% 3.50%
61-90 days 3.75% 4.25%
91-180 days 4.50% 5.00%
181-364 days 5.50% 6.00%
1 Year[365 Days] 6.25% 6.75%
> 1 Year – 2 Years 6.50% 7.00%
>2 Years-3 Years 6.50% 7.00%
Source: Bank Website, Effective Date: 07/05/2021

Jana Small Finance Bank

Jana Small Finance Bank

For interest rates on deposits of less than Rs 2 Cr, here are the most revised interest rates of Jana Small Finance Bank on deposits of up to 3 years.

Tenure Regular FD Interest Rate (p.a.) Senior Citizen FD Interest Rate (p.a.)
7 – 14 days 3.50% 4.00%
15 – 29 days 3.50% 4.00%
30 – 45 days 3.50% 4.00%
46 – 62 days 4.00% 4.50%
63 – 90 days 4.00% 4.50%
91 – 120 days 4.75% 5.25%
121 – 180 days 4.75% 5.25%
181 – 210 days 5.25% 5.75%
211 – 270 days 5.25% 5.75%
271 – 364 days 5.25% 5.75%
1 year to 18 months 6.35% 6.85%
18 months 1 day to 2 years 6.25% 6.75%
2 years 1 day to 887 days 6.35% 6.85%
888 days 6.50% 7.00%
889 days to 3 years 6.35% 6.85%
Source: Bank Website, with effect from 1st June 2021

Equitas Small Finance Bank

Equitas Small Finance Bank

Check the most recent interest rates on fixed deposits of 3 years for both regular and senior citizens.

Tenure Regular FD Interest Rate (p.a.) Senior Citizen FD Interest Rate (p.a.)
7 Days to 29 Days 2.90% 3.40%
30 Days to 89 Days 3.50% 4.00%
90 Days to 179 Days 4.25% 4.75%
180 Days to 364 Days 4.75% 5.25%
1 Year to 2 Years 6.00% 6.50%
2 Years and 1 Day to 3 years 6.50% 7.00%
Source: Bank Website, with Effect from 16th August 2021

Suryoday Small Finance Bank

Suryoday Small Finance Bank

For Fixed Deposit of amount of less than Rs 2 Cr, this small finance bank is promising an interest rate of 6.25% to the general public and 6.50% to senior citizens on deposits of less than 3 years. Here are the latest interest rates on fixed deposits of the bank.

Period Interest Rate (Per Annum) Senior Citizen FD Interest Rate (p.a.)
7 days to 14 days 3.25% 3.25%
15 days to 45 days 3.25% 3.25%
46 days to 90 days 4.25% 4.25%
91 days to 6 months 4.75% 4.75%
Above 6 months to 9 months 5.25% 5.25%
Above 9 months to less than 1 Year 5.75% 5.75%
1 Year to 1 Year 6 Months 6.50% 6.75%
Above 1 Year 6 Months to 2 Years 6.50% 6.75%
Above 2 Years to less than 3 Years 6.25% 6.50%
Source: Bank Website, (Effective: From September 09, 2021)



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Upcoming Stock Split In October; Check Record Date And Other Details

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Why do companies opt for a stock split?

Stock splits are done for a number of reasons. There are, however, two that are the most common. The first has to do with a company’s perceived liquidity. When the price of each share falls by a particular amount – based on the ratio chosen by the firm – investors perceive the company’s stock as more inexpensive and are thus more likely to purchase shares. The lower the stock’s price, the less hazardous it appears.

If you own a stock that splits, you will have more shares after the split. The price per share, on the other hand, is falling. This is due to the fact that the market capitalization is unchanged. As a result, even while the price per share drops, the total number of shares grows. The outstanding shares of a firm are multiplied by the current market price to calculate market capitalisation.

Stock Split of Anupam Finserv

Stock Split of Anupam Finserv

Anupam Finserv, founded in 1991, is a Small Cap business in the Financial Services industry with a market capitalization of Rs 20.45 crore. The company’s yearly sales growth of 31.08 percent surpassed its three-year compound annual growth rate (CAGR) of 4.76 percent. The stock returned 34.27 percent over three years, compared to 67.21 percent for the Nifty Smallcap 100.

From October 6, 2021, Anupam Finserv will split the face value once. In 2016, Anupam Finserv Ltd. divided the face value of its shares from Rs 10 to Rs 1 for the first time. From October 6, 2021, the stock will be trading ex-split.

Stock Split of Alphalogic Techsys

Stock Split of Alphalogic Techsys

Alphalogic Techsys, founded in the year 2018, is a Small Cap business in the IT Software industry with a market capitalization of Rs 56.49 crore. Sales have decreased by 43.79 percent. For the first time in three years, the company’s revenue has decreased.

Since October 5, 2021, Alphalogic Techsys Ltd. will split the face value once. In 2016, Alphalogic Techsys Ltd. split the face value of its shares from Rs 10 to Rs 5. Since October 5, 2021, the stock has been trading ex-split.

Stock Split of Affle (India)

Stock Split of Affle (India)

Affle, founded in 1994, is a Mid Cap business in the Services sector with a market capitalization of Rs 14,151.66 crore. On August 26, 2021, a stock split from a face value of 10.0 to a face value of 2.0 was announced, with a record date of 2021-10-08. When compared to the stated net profit of Rs 134.8 crore, the operating cash flow of Rs 101.62 crore is 0.75 times. The company spent Rs 174.84 crore on investing activities, up 7.43 percent year on year.

Stock Split of DCM Shriram Industries

DCM Shriram Industries, founded in 1989, is a Sugar-related Small Cap company with a market capitalization of Rs 840.87 crore. On June 29, 2021, a stock split from a face value of 10.0 to a face value of 2.0 was announced, with a record date of 2021-10-11. The stock returned 203.2 percent over three years, compared to 67.21 percent for the Nifty Smallcap 100. From October 8, 2021, the stock will trade on an ex-split basis.

Stock Split of JTL Infra

Stock Split of JTL Infra

JTL Infra, founded in 1991, is a Small Cap business in the Metals – Ferrous sector with a market capitalization of Rs 948.30 Crore. The company’s yearly revenue growth rate of 89.26% surpassed its three-year CAGR of 36.91%.

The stock returned 645.64 percent over three years, compared to 67.21 percent for the Nifty Smallcap 100. Over a three-year period, the stock returned 645.64 percent, while the Nifty Metal provided investors a 49.83 percent gain.

From October 13, 2021, JTL Infra will split the face value to 1. From October 13, 2021, the stock will trade on an ex-split basis.

Zeal Aqua

Zeal Aqua

Zeal Aqua, founded in 2015, is a Small Cap company in the Aquaculture industry with a market capitalization of Rs 100.79 crore. The company has enough cash on hand to cover its contingent liabilities. Stock returned -47.91 percent over three years, compared to 67.21 percent for the Nifty Smallcap 100.

Since October 14, 2021, Zeal Aqua will split the face value once. From October 14, 2021, the stock will trade on an ex-split basis.

Upcoming Stock Split In October; Check Record Date And Other Details

Upcoming Stock Split In October; Check Record Date And Other Details

Upcoming Stock Split In October

Company Name Record Date FV Changed From FV Changed To
Zeal Aqua 14-Oct-2021 10 1
JTL Infra 13-Oct-2021 10 2
DCM Shriram Inds. 08-Oct-2021 10 2
Affle (India) 07-Oct-2021 10 2
Tirupati Forge 07-Oct-2021 10 2
Anupam Finserv 06-Oct-2021 10 1
Alphalogic Techsys 05-Oct-2021 10 5

Disclaimer

Disclaimer

Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the brokerage houses are not liable for any losses caused as a result of decisions based on the article. The above article is for informational purposes only.



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