High interest rates make Bajaj Finance FD the ideal investment avenue for one’s Diwali bonus, BFSI News, ET BFSI

Personal Finance

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Pune (Maharashtra) [India], November 3: The commencement of Diwali is accompanied by the joy of receiving one’s Diwali bonus. With the much-awaited Diwali bonuses being credited widely, it can be tempting to splurge and treat oneself to some extravagance. Still, it would be a more prudent choice to invest a portion of one’s hard-earned income.

For working professionals, saving and investing should be the top priorities for budgeting their earnings. This is one reason why one must actively seek out better ways of investing their money. Amidst the sea of uncertainties and volatile market movements, the fixed deposit has proved to be a safe harbour for investors. Bajaj Finance is one such financier that offers investors the dual benefit of high FD interest rates along with deposit safety.
Here’s why one should invest in this instrument to yield high risk-free returns this Diwali:
Benefit from high FD interest rates

Bajaj Finance offers one of the highest FD interest rates, up to 6.50%, along with an extra rate benefit of 0.10% p.a. for online investors. Senior citizens get an additional rate benefit of 0.25% p.a. irrespective of the mode of investment.

Consider an example where an individual invests Rs. 2,00,000 choosing a 5-year tenor in a Bajaj Finance online FD, the table shows the expected returns at maturity.

Loan against fixed deposit for cash crunches

Bajaj Finance Fixed Deposit offers a loan against the FD facility to address emergencies. This way, investors will not have to break their FD and thus, benefit from accumulated interest. The maximum loan amount one can avail of is 75% of the FD value.

Online FD calculator to estimate returns

To make financial planning simple, Bajaj Finserv gives free access to an online fixed deposit calculator. With it, investors can determine the returns they’ll earn at maturity. One needs to select the investment amount and tenor to get the results.

Easy online application process

Amidst all the celebrations, investors can kick-start their investment journey from the comfort of their homes. Booking an FD with Bajaj Finance is now easier than ever with an end-to-end paperless and digital process. One has to fill an online form and submit a few essential documents to start investing. Investing online can fetch investors aged below 60 years an additional rate benefit of 0.10% p.a.

Highest safety and credibility

Market-linked investments may offer high returns, but one must keep a close eye on them to shield them from fluctuations and capital loss. Fixed deposits, in this case, are incredibly safe, owing to their non-equity-linked nature as opposed to mutual funds and stocks. Moreover, Bajaj Finance FDs come with the highest ratings of MAAA and FAAA from ICRA and CRISIL, ensuring that their savings grow safely. This way, investors can be confident that their earnings are in safe hands.

Investors can consider investing their bonuses in a Bajaj Finance Fixed Deposit to grow their savings without worrying about market uncertainties.



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5 Best Multicap Mutual Fund SIPs To Consider In 2021-22

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Quant Active Fund Direct

Quant Active Fund Direct-Growth is a tiny fund in its category, with assets under management (AUM) of 1,189 crores. The fund’s expense ratio is 0.5 percent, which is lower than the expense ratios charged by most other Multi Cap funds.

The 1-year returns for the Quant Active Fund Direct-Growth are 89.33 percent. It has returned an average of 22.21 percent per year since its inception. The fund has top ranking from CRISIL rating agency.

ITC Ltd., Reliance Industries Ltd., State Bank of India, Vedanta Ltd., and Fortis Healthcare (India) Ltd. are the fund’s top five holdings. With a diverse portfolio of Large Cap, Mid Cap, and Small Cap companies, the programme strives to provide long-term capital appreciation and income.

Edelweiss Recently Listed IPO Fund

Edelweiss Recently Listed IPO Fund

Edelweiss Recently Listed IPO Fund Direct – Growth has assets under management (AUM) of 805 crores, making it a medium-sized fund in its category. The fund’s expense ratio is 1.14 percent, which is greater than the expense ratios charged by most other Thematic funds.

Edelweiss Recently Listed IPO Fund Direct has a 1-year growth rate of 85.28 percent. It has returned an average of 22.18 percent per year since its inception. The programme aims to deliver capital appreciation by investing in newly listed 100 businesses’ stock and equity-related assets, as well as upcoming Initial Public Offerings (IPOs).

Kotak India Growth Fund Series

Kotak India Growth Fund Series

The Kotak India Growth Fund Series 4 Direct-Growth is a medium-sized fund with assets under management (AUM) of 86 crores. The fund’s expense ratio is 0.34 percent, which is lower than the expense ratios charged by most other Multi Cap funds.

Kotak India Growth Fund Series 4 Direct has a 1-year growth rate of 79.25 percent. It has returned an average of 21.30 percent every year since its inception. The scheme aims to create capital appreciation by investing in a diverse portfolio of equities and equity-related securities across a range of market capitalizations and sectors. The NAV of Kotak India Growth Fund Series 4 for Nov 02, 2021 is 20.43.

Mahindra Manulife Multi Cap Badhat Yojana

Mahindra Manulife Multi Cap Badhat Yojana

The fund is invested in Indian stocks to the tune of 97.05 percent, with 44.06 percent in large cap stocks, 24.02 percent in mid cap stocks, and 26.43 percent in small cap stocks. As of 30/09/2021, Mahindra Manulife Multi Cap Badhat Yojana Direct – Growth has assets under management (AUM) of Rs.783 crores, making it a minor fund in its category. The fund’s expense ratio is 0.66 percent, which is lower than the expense ratios charged by most other Multi Cap funds.

Mahindra Manulife Multi Cap Badhat Yojana Direct has a one-year growth rate of 87.45%. It has returned an average of 20.84 percent every year since its inception. The strategy aims to generate medium to long-term capital appreciation by diversifying appropriately and minimising business risks.

Baroda Multi Cap Fund

Baroda Multi Cap Fund

The fund is invested in Indian stocks to the tune of 96.86 percent, with 34.03 percent in large cap stocks, 18.18 percent in mid cap stocks, and 27.26 percent in small cap stocks. Baroda Multi Cap Fund Direct-Growth is a medium-sized fund in its category, with assets under management (AUM) of 1,156 crores. The fund’s expense ratio is 1.54 percent, which is greater than the expense ratios charged by most other Multi Cap funds.

The 1-year returns for the Baroda Multi Cap Fund Direct-Growth are 78.30 percent. It has had an average yearly return of 16.15 percent since its inception.

5 Best Multicap Mutual Fund SIPs To Consider In 2021-22

5 Best Multicap Mutual Fund SIPs To Consider In 2021-22

Fund Name AUM in Cr 3 Year Return
Quant Active Fund 1188.84 103.93%
Edelweiss Recently Listed IPO Fund 804.98 94.36%
Kotak India Growth Fund 86.47 87.87%
Mahindra Manulife Multi Cap Badhat Yojana 783.16 84.27%
Baroda Multi Cap Fund 1155.58 72.94%

Conclusion

Conclusion

Because these funds invest in mid- and small-cap equities as well as large-cap firms, they are riskier than large-cap funds. In a strong economy, a multi-cap fund manager can increase his exposure to mid- and small-sized companies to profit from higher earnings.

Before adding a Multicap Fund to their portfolio, investors should carefully assess their existing Mutual Fund investments and current exposure to the various market cap segments. Multicap funds are not appropriate for investors with a time horizon of less than 5-7 years or a low risk tolerance.



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Lenders expect pick up in credit demand in H2FY22

Banking & Finance

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Most lenders are hopeful of improved customer sentiments and higher disbursements in the second half of the fiscal with a drop in Covid-19 infections and normalisation of economic activities.

Second-quarter results of private banks and non banking finance companies indicated improved sentiments and higher disbursements. Most lenders said they expect a pick-up in corporate loans as well in the second half of the fiscal.

“Most private banks demonstrated a steady recovery in loan growth, led by the retail, SME and business banking portfolios. Most banks also reported a decline in gross and net non-performing assets ratio due to higher recoveries/upgrades during the quarter,” said a report by Motilal Oswal.

In the second quarter of the fiscal, all NBFCs exhibited a sharp improvement in disbursements which had been impacted by the second Covid wave in the prior quarter, it further said.

HDFC Bank reported a 15.5 per cent increase in its total advances as of September 30, 2021 to ₹11,98,837 crore from a year ago while ICICI Bank reported 17 per cent growth in advances on a year-on-year basis.

“Festive season demand is much higher than what we saw last fiscal. Further, typically the second half of the year is busier in terms of disbursements. We expect that with the economy opening up and hopefully no third wave, loan demand should pick up further, especially in the fourth quarter of the fiscal,” explained a senior bank executive.

NBFC performance

Mahindra & Mahindra Financial Services reported that in October 2021, the business continued its momentum with disbursement of about ₹2,650 crore, which is a 20 per cent y-o-y growth.

“In the absence of a third wave, (we are) quite confident about the second half of the year on growth, risk and financial metrics,” Bajaj Finance said in its investor presentation for the second quarter of the fiscal, adding that under such circumstances, it expects quarterly AUM growth rate to be strong for the rest of the year.

Bajaj Finance had reported a 75 per cent jump in new loans booked during the second quarter at 63.3 lakh from 36.2 lakh in the second quarter last fiscal.

Credit growth has seen some pick-up in recent weeks. Data with the Reserve Bank of India shows that on a y-o-y basis, non-food bank credit growth accelerated to 6.8 per cent in September 2021 as compared to 5.1 per cent in September 2020.

Credit growth to industry picked-up to 2.5 per cent in September 2021 from 0.4 per cent in September 2020. Credit growth to the services sector decelerated to 0.8 per cent in September 2021 from 9.2 per cent in September 2020, mainly due to contraction in credit growth to NBFCs, trade and commercial real estate. However personal loans grew by 12.1 per cent in September 2021 as compared to 8.4 per cent a year ago.

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Reserve Bank of India – Press Releases

Press Releases

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The Reserve Bank of India (RBI) joined the Central Banks and Supervisors Network for Greening the Financial System (NGFS) as a Member on April 23, 2021, to benefit from the membership of NGFS by learning from and contributing to global efforts on Green Finance.

2. In this regard, on the occasion of the 2021 United Nations Climate Change Conference (COP26), NGFS has reiterated its willingness to contribute to the global response required to meet the objectives of the Paris Agreement, and, to that end, NGFS will expand and strengthen the collective efforts towards greening the financial system. Accordingly, the Reserve Bank of India, has today published its ‘Statement of Commitment to Support Greening India’s Financial System – NGFS’. The Statement is available here.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2021-2022/1143

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2 Best 5-Star Rated ELSS Funds For SIP In 2021 With 1 Year CAGR of Over 60%

Personal Finance

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Should I Invest In ELSS?

According to research published by S&P Indices Versus Active (SPIVA), over the one-year period ending in June 2021, the S&P BSE 200 ended in the green, returning 58.77%. Another reason is that, according to the Associations of Mutual Funds in India (AMFI), these funds have the highest portfolio record of 1,29,69,205 among Growth/Equity Oriented Schemes in September.

They can provide above-average and risk-adjusted returns over the long term, particularly 3 to 5 years. In terms of absolute return, ELSS funds have beaten the Index by 53.66 percent in one year, 76.19 percent in three years, 76.19 percent in five years, and 48.57 percent in ten years. Whereas these funds have also outperformed the Index based on risk-adjusted return, as Indian ELSS have generated 46.34% returns in 1 year, 76.19% in 3 years, 80.95% in 5 years and 51.43% in 10 years, according to the scorecard of SPIVA as of June 30, 2021.

Apart from having exposure to equity and equity-related instruments, ELSS also has exposure to fixed income securities, making it a must-have fund in your portfolio for long-term inflation-beating returns, as well as a blend of tax deductions and wealth creation.

As a result, based on the scheme’s performance, asset under management, and Morningstar’s 5-star rating, we’ve selected two ELSS funds that you can consider for SIP in 2021 in order to generate higher long-term returns than other tax-saving investments such as tax-saving fixed deposits, PPF, NSC, and so on.

DSP Tax Saver Fund Regular Plan Growth

DSP Tax Saver Fund Regular Plan Growth

Having been launched in the year 2013 this fund has been rated 5-star by Morningstar as of 12th August 2021 which indicates a SIP call for the investors. According to the report of the fund house, this ELSS scheme returns of the last 1-year are 68.16% and since launch, it has delivered 18.88% average annual returns as of October 29, 2021.

The fund has its top equity allocation across the Financial, Technology, Energy, Construction, Chemicals sectors. ICICI Bank Ltd., HDFC Bank Ltd., Infosys Ltd., Axis Bank Ltd., and State Bank of India are the fund’s top five holdings. This fund has an Asset Under Management (AUM) of Rs 9,755.66 crores as of September 30, 2021, and a Net Asset Value (NAV) of Rs 89.38 as of November 2, 2021. The fund has an expense ratio of 0.81% as of Nov 02, 2021 and SIP can be started with Rs 500.

Period DSP Tax Saver Fund NIFTY 500 TRI NIFTY 50 TRI
CAGR since Inception 18.88% 15.20% 14.53%
1 Year 68.16% 59.08% 53.69%
3 years 25.53% 21.24% 20.82%
5 Years 17.40% 16.35% 16.81%
Data as of October 29, 2021. Source: invest.dspim.com

Axis Long Term Equity Fund Growth

Axis Long Term Equity Fund Growth

This ELSS mutual fund has also been rated 5-star by Morningstar as of 30 Dec 2019. Axis Long Term Equity Fund which is active since 2009 has generated good returns of 62.42% in 1-year and since launch, it has delivered 18.76% average annual returns as of September 30, 2021 according to the data of the fund house. The fund’s best equity allocation is spread across the Financial, Services, Technology, Chemicals, Healthcare sectors.

Bajaj Finance Ltd., Avenue Supermarts Ltd., Tata Consultancy Services Ltd., Info Edge (India) Ltd., and Housing Development Finance Corpn. Ltd. are the fund’s top five holdings. As of September 30, 2021, this fund has an Asset Under Management (AUM) of Rs 34,370.78 crores and a Net Asset Value (NAV) of Rs 76.00 as of November 2, 2021. As of November 2, 2021, the fund has an expense ratio of 0.74 percent, which is lower than most other ELSS funds, and SIPs may be started with as little as Rs 500 towards the fund.

Period Annualised(%) S&P BSE 200 TRI Benchmark(%) Nifty 50 TRI Additional Benchmark (%)
Since inception 29th Dec 2009 18.76% 12.79% 12.31%
5 Years 17.96% 16.85% 16.81%
3 Years 21.74% 19.44% 18.58%
1 Year 62.42% 61.22% 58.54%
Data as of September 30, 2021. Source: axismf.com

Best ELSS Funds For SIP In 2021

Best ELSS Funds For SIP In 2021

Here are two ELSS funds to consider for SIP in 2021, based on Morningstar’s 5-star rating and tremendous one-year return.

Funds 1 mth returns 6 mth returns 1 Yr returns 3 Yr returns 5 Yr returns
DSP Tax Saver Fund Regular Plan-Growth 2.38% 25.33% 66.92% 24.41% 16.89%
Axis Long Term Equity Fund Growth 1.27% 24.61% 57.67% 23.87% 19.04%
Source: Groww

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 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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Can blockbuster results fuel further rerating of SBI stock?, BFSI News, ET BFSI

Banking & Finance

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MUMBAI: State Bank of India (SBI) continued to surprise Dalal Street on the earnings front as the lender posted another set of blockbuster numbers for the September quarter.

The state-owned lender’s net profit grew 67 per cent year-on-year (YoY) to Rs 7,627 crore in the quarter ended September 2021, while its net interest income (NII) climbed 29 per cent on-year to Rs 31,183.9 crore. Both the bottomline and topline of the lender came in above Street’s expectations.

That said, here are the major takeaways from the September quarter earnings of the lender:

Asset quality keeps improving
At the peak of the bad loans crisis of the financial sector, State Bank of India had some of the poorest asset quality numbers. Every quarter saw investors anxious about slippages and new NPA formation. Fast forward to 2021 and the lender is now surprising the Street on how healthy its balance sheet is becoming.

For the reported quarter, SBI reported a 42 basis points sequential decline in gross non-performing assets ratio to 4.9 per cent and a 25 bps decline in net NPA ratio to 1.52 per cent. Further, the provision coverage ratio has now gone up to 87.7 per cent for the lender.

Slippages benign
During the quarter the lender’s slippage ratio fell to 0.66 per cent from 2.47 per cent in the previous quarter. The state-owned bank added merely Rs 6,690 crore of loans to the watchlist in the quarter as against Rs 11,303 crore in the previous quarter.

The shrinking watchlist loans indicate that the lender is facing lower stress on its balance sheet that should free up more capital for growth purposes as the economy gets back up from the pandemic downfall.

Loan growth needs more push
SBI said that its advances in the quarter grew 6.2 per cent year-on-year, which was in-line with its overall guidance for the year. Interestingly, retail loans in the quarter jumped 15.2 per cent whereas home loans grew by 10.7 per cent.

With the balance sheet becoming healthier every quarter, SBI will hope to accelerate its lending business in the coming quarters. An increase in loan growth coupled with improving asset quality would force investors to rerate a lender that still trades at merely 7 times one-year forward earnings and 1.1 times one-year forward price-to-book.

Corporate loans struggling
The state-owned lender reported a near 4 per cent year-on-year decline in its corporate loan book suggesting that companies are still not ready to take on leverage to boost capacity.

However, investors expect that to change in the coming quarters as rapid demand creation in the economy on the back of reopening and higher vaccination rate will nudge companies to boost capacities in the coming year. SBI is considered by many brokerages as one of the primary beneficiaries of the private capex revival in the economy over the next five years.



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SBI net profit up 67% in Q2, chairman says asset quality significantly improved, BFSI News, ET BFSI

Banking & Finance

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The State Bank of India, India’s largest lender, today reported a standalone net profit of Rs 7,626 crore, up 67% on year, the highest ever for the bank.

A year ago, the bank reported a net profit of Rs 4,574 crore. On a sequential basis, the profit rose 17% from Rs 6,504 crore in the June quarter.

The bank’s asset quality has significantly improved, chairman Dinesh Khara said at the earnings announcement.

Gross non performing assets came in at 4.90% in the September quarter, lower than 5.32% in the June quarter and 5.28% in the year ago quarter.

Meanwhile, the net NPA ratio stood at 1.52% for the quarter.

The net interest income (NII) – the difference between interest earned and expended – rose 10.6% to Rs 31,184 crore in Jul-Sep.

The non interest income fell 3.7% to Rs 8,207 crore compared with Rs 8,527 crore a year ago.

Khara highlighted that the capacity utilisation of manufacturing is still very low. Advances rose by just 6.17% over last year, driven by personal retail advances, up 15.17% on year, and foreign office advances, up 16.18% on year.

Domestic advances grew 4.61%, with home loans, which constitute 24% of domestic advances, rising 10.74% on year.

Total deposits grew nearly 10% on year, current account deposits grew 19.2% and saving bank deposits grew 10.55%.



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RBI panel spells out norms to streamline functioning of ARCs

Banking & Finance

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The performance of asset reconstruction companies (ARCs) in management of stressed assets of banks/financial institutions (FIs) since inception in 2003 is still uneven on several parameters, according to a Reserve Bank of India’s Committee to Review the Working of Asset Reconstruction Companies.

Overall recovery made by the ARC sector during FY04-FY13 was 68.6 per cent when measured in terms of redemption of Security Receipts (SRs), which are issued by ARCs as part of securitisation of assets acquired, as a percentage of total SRs issued, the report said.

However, the same comes down to 14.29 per cent when the redemption is measured in terms of the book value of the assets acquired.

RBI panel favours sale of stressed assets by lenders at early stage

“This implies that banks and other investors could recover only about 14 per cent of the amount owed by their borrowers,” the committee headed by Sudarshan Sen, former Executive Director, RBI, said.

The total SRs issued reflects the cost of acquisition for the ARCs vis-à-vis the book value of such financial assets. Redemption of SRs is a proxy for the amount recovered from these accounts.

ARCs are required to resolve the assets within a maximum of eight years of acquisition of financial assets and redeem the SRs representing the assets. Therefore, the period after FY13 has SRs for which resolution is still underway.

Winds of change in the stressed assets market

Business revival

The committee observed that ARCs’ performance in ensuring revival of businesses has also been poor. The data indicate that approximately 80 per cent of the recovery for the sector, so far, has come through deployment of methods of reconstruction that do not necessarily lead to revival of business.

“ARCs have rarely used methods such as change in or takeover of the management of the business of the borrower or conversion of debt into equity in a borrower’s company,” the panel said.

Rescheduling of payment of debts was also involved only in 19.9 per cent of the recovery made by ARCs.

The committee underscored “The overall performance of ARC Sector has left much to be desired. However, it would be incorrect to assume that the problems of ARC sector are entirely of its own making. In fact, the ageing of NPAs before their sale may be contributing to poor recovery. This gets further aggravated by lack of debt aggregation.”

Revival of stressed business typically requires additional funding which is difficult to come by for old NPAs.

“Inadequate capital at ARC level and the regulatory prescription limiting the extent of funds that could be raised, from external investors through securitisation, seems to have made ARCs’ attempt at revival of businesses even more difficult. ARCs’ lack of skill sets in turning around borrowers cannot be ignored,” the committee said.

The panel emphasised that despite the reshaping of the ecosystem available for lenders for handling of stressed assets and the ARC sector’s sub-optimal performance and its challenges, the ARC model remains relevant as a private sector led permanent institutional framework for out-of-court resolution of stressed assets of the financial sector.

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2 Pharma Stocks To Buy From ICICI Securities

Personal Finance

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Ajanta Pharma

Ajanta Pharma’s today’s share price is Rs. 2085 per share on November 3, till 2.00 PM IST. ICICI Securities has given a target price of Rs. 2500 per share with a target period of 12 months for the stock.

The company is a focused player in branded, which constitutes ~70% of overall sales. Till FY21 their overall exports: domestic formulations ratio was at 70:30. Ajanta Pharma’ in Q2FY22 reports a strong number, which was ahead of estimates on their sales front. Their sales were up 23.6% YoY to Rs. 884.8 crore. Ajanta’s PAT grew 15.1% YoY to Rs. 195.9 crore.

According to ICICI Securities, “Ajanta’s share price has grown by ~1.4x over the past 5 years (from ~ Rs. 1502 in June 2016 to ~ Rs. 2126 levels in October 2021). We retain our BUY rating on the stock with a focused approach. We value Ajanta at Rs. 2500 i.e. 30x P/E on FY23E EPS.”

Additionally, the brokerage firm said, Ajanta’s “Q2 results were driven by growth across segments amid some dip in gross margin performance. The management expects to maintain domestic growth momentum in FY22 leveraging on the already launched products. On the EBITDA margins front, the management expects to maintain the current rate in FY22. Overall, calculated focus, steady gross margins, and lighter balance sheet are some key differentiators for Ajanta, going ahead.”

Sun Pharmaceutical Industries (SUNPHA)

Sun Pharmaceutical Industries (SUNPHA)

Sun Pharmaceutical Industries (SUNPHA) is having a share price of Rs. 786.55 on November 3, till 2.10 PM IST. ICICI Securities has identified it as a stock to buy. ICICI Securities has given a target price of Rs. 965 with a Target Period of 12 months for this company’s stock.

ICICI informs, “Sun Pharma is world’s fourth-largest specialty generic company with sales of US$3.8 billion and boasts of 43 manufacturing sites addressing segments, like specialty products, branded generics, complex generics, pure generics and APIs.” Sun Pharma has a market share of 8.2%, and the company is ranked No. 1 in domestic formulations while enjoying a leadership position in 11 specialties based on prescription.

In Q2FY22 Sun Pharma reports strong Q2FY22 results, their sales were up 12.5% YoY to Rs. 9625.9 crore and EBITDA was at Rs. 2629.9 crore, which was up 19.9% YoY with margins at 27.3%. Additionally, their consequent adjusted PAT stood at Rs. 2047 crore that increased by 12.9% YoY.

According to ICICI Securities, “Sun Pharma’s share price has increased by ~1.06x over the past 5 years (from ~ Rs. 763 in June 2016 to ~Rs. 815 levels in October 2021). We change our rating from HOLD to BUY due to more consistency on the specialty front and linear growth trajectory India formulations. Higher contribution from specialty and the strong domestic franchise is likely to change the product mix towards more remunerative businesses by FY23.”

Disclaimer

Disclaimer

The above stocks were from the brokerage report of ICICI Direct. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, the author, and the brokerage house are not liable for any losses caused as a result of decisions based on the article.



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