Schaeffler India Sets April 23, 2025 as Record Date for Dividend Payout: Details Here

As per a stock exchange filing, Schaeffler India announced on Wednesday, April 23, 2025, as the record date for dividend payment to its shareholders. Post-approval from the Board of Directors, the company shall pay a dividend of ₹28 per share after 30 days from the date of the Annual General Meeting. 

Investors planning to acquire dividend stocks must note record dates while executing their trades. Typically, on the record date, the company finalises the names of shareholders eligible for dividend payment. 

Dividend Payout History of Schaeffler India

In 2023, Schaeffler India underwent a stock split (5:1) and only issued a dividend of ₹16 apiece. However, in FY 2024-25, its expected dividend payout ratio is 45%, which is the third-highest in its history. In FY 2021-22 and FY 2022-23, the company had distributed ₹38 apiece and ₹35 apiece as dividends to its shareholders.  

Schaeffler India’s Financial Performance in Q4 of FY 2024-25

The company’s net revenue from operations recorded a YoY growth of 12.2%, amounting to ₹20,823 million. Its profit before tax (PBT) and exceptional items also recorded a YoY growth of 12.7%, amounting to ₹3,387 million. Its PBT margin also grew by 16.2% YoY and recorded a QoQ growth of 16.1%. The company earned net profits worth ₹2,493 million. 

Schaeffler India’s Financial Performance in FY 2024-25

Total revenue from operations recorded a YoY growth of 11.8% and amounted to ₹80,763 million.  PBT margin for the year stood at 16.3%, which was a decline from 17.0% in FY 2023-24. While PBT (before adjusting exceptional items) surged by 7.3% YoY to reach 13,175 million, net profit margin declined to 12.1% from 12.6% last year. 

In 2024, the company earned net profits worth ₹9,777 million. 

Conclusion

The announcement of dividend payout has become a positive news for the company’s shareholders. If you want to earn cash rewards in the form of dividends, make sure to acquire the equity shares of Schaeffler before April 23, 2025. 

Schaeffler India share price opened at ₹3,267.30 on Tuesday morning at 9.15 AM and closed at ₹3237.55 at 3.30 PM. It recorded an intraday decline of 1.26%. 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

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

Serentica Renewables Secures 315 MW Energy Supply Deal with Hindustan Zinc

Serentica Renewables and Hindustan Zinc have signed a power delivery agreement (PDA), based on a recent stock exchange filing. Under the partnership, Serentica Renewables will increase its clean energy supply to Hindustan Zinc from 450MW to 530MW. Consequently, the share of clean energy in Zinc’s electricity consumption will grow to 70%. 

Shift to Time Block-Based Energy Solutions

This landmark agreement highlights an underlying shift in industrial power procurement strategies. Companies are moving towards Time Block-Based energy solutions and away from traditional round-the-clock (RTC) models. 

Under this agreement, Serentica Renewables will ensure 315 MW of uninterrupted energy supply to Hindustan Zinc through every 15-minute time block. By 2027, it will operationalise new wind, solar, and energy storage projects across high-resource locations across India. This will ensure seamless and reliable power supply for Hindustan Zinc. 

About Hindustan Zinc 

Hindustan Zinc is a part of the Vedanta Group and is renowned as the world’s third-largest silver-producing company. The company exports its products to 40+ countries and commands a market share of over 75% in primary zinc demand. It is also the world’s second-largest integrated zinc-producing company. 

In 2024, it was identified as one of the world’s most sustainable companies in the metals and mining industry. By enhancing its operational efficiencies, it has reduced its GHG emissions by 14% already. It aims to achieve net zero carbon emissions by 2050. This agreement is expected to further its ambitions of becoming a carbon-neutral company. 

Hindustan Zinc Financial Performance in FY 2023-24

As of 1.37 PM on March 11, Hindustan Zinc share price was trading at ₹425.55, which is a 0.21% decline from the previous close. Based on the company’s annual reports, its total output of mined zinc, mined lead, and refined zinc grew year-on-year. However, its revenue from operations declined from ₹34,098 crore to ₹28,932 crore in FY 2023-24. 

Conclusion

The signing of a unique PDA between Hindustan Zinc and Serentica Renewables marks a major shift toward the adoption of Time Block-Based energy solutions. This initiative aligns with Hindustan Zinc’s overarching sustainability goals by driving its use of clean energy and making it a net-zero carbon emitter by 2050.

Based on strong business fundamentals, the company is expected to bolster its reliance on clean energy sources for driving sustainable economic growth in the future. By adopting eco-friendly measures, it can improve its credentials as a green company and drive market expansion in the long-run. 

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

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

 

India’s Healthcare and Pharmaceutical Industry Witnesses ₹2,61,900 Crore in Investments (2022-24)

During 2022-24, India’s pharmaceutical and healthcare industry attracted total investments worth ₹2,61,900 crore. As per reports, increasing insurance penetration, growing demand for high-quality services, and post-pandemic resilience are favourably reshaping the industry. 

Prominent M&A Deals Favouring India’s Healthcare Sector 

The report suggests that mergers and acquisitions of hospitals accounted for nearly 40% of the total transactions and were valued at ₹58,840 crore. Some of the other prominent M&A deals were:

  1. Mankind Pharma’s acquisition of Bharat Serums And Vaccines 
  2. Max Healthcare completed the acquisition of a 64% stake in Jaypee Healthcare to gain control of its hospitals in Bulandshahr, Noida, and Anupshahr. 
  3. Cipla’s acquisition of Ivia Beaute’s personal care and cosmetics business. 

IPOs and Private Equity Investments Drive the Healthcare Sector’s Growth

India’s healthcare and pharmaceutical industry also attracted private equity investments worth ₹43,310 crore. This accounted for 38% of total transactions. Indian hospitals also raised ₹4,070 crore through initial public offerings and attracted foreign direct investment worth ₹27,140 crore.  

Technology Integration and Industrial Consolidation Drive More Investments 

Increasing technology integration and rapid consolidation of multispecialty hospitals have led to the growth of these investments. Private equity investors have zeroed in on single-specialty hospitals providing services for in-vitro fertilisation (IVF), nephrology, and oncology with an investment of ₹12,220 crore. However, some challenges still persist. 

Addressing Healthcare Gaps to Enhance Profitability and Market Presence 

By addressing gaps in urban-rural healthcare accessibility, companies can enhance their market presence. Nearly 60% of hospital beds are concentrated in large metropolitan cities. By accelerating digital adoption and introducing innovative healthcare financing models, companies can enhance healthcare equity in India and boost their profitability. 

Conclusion

India’s healthcare and pharma industry is witnessing robust growth, driven by private equity investments, strategic M&As, and technological advancements. By enhancing telemedicine accessibility and enhancing healthcare services in rural areas, companies can benefit more from the evolving industry landscape.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

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

 

CRISIL Report: Price of Veg Thali Falls While Non-Veg Thali Rises in February 2025

CRISIL’s Roti-Rice-Rate report shows that the price of a simple home-made home-cooked vegetarian thali reduced by 1% y-o-y in February 2025. Meanwhile, the cost of a

non-vegetarian thali surged by nearly 6%. This was attributed to the reduction in LPG and tomato prices and the rising costs of broiler chickens.

Comprehensive Cost Breakdown: Veg Thali

CRISIL reported a 28% YoY drop in tomato prices in February 2025, which fell from ₹32/kg to ₹28/kg. This was attributed to a 20% growth in its market supply. The report also stated that an 11% YoY decline in LPG prices from ₹903 to ₹803 has made vegetarian thalis comparatively cheaper.

On a month-on-month basis, the cost of vegetarian thalis reduced by 5% in February. However, a major decline was limited by the rising retail prices of other ingredients like vegetable oils (18%), potatoes (16%), and onions (11%). The release of CPI numbers by the RBI on March 12, 2025, is further expected to shed light on the report’s contents. 

Comprehensive Cost Breakdown: Non-Veg Thali

In February 2025, maize prices surged by 6% year-on-year, which adversely impacted the prices for broiler chickens’ feed. This led to a 15% YoY growth in prices of broiler chicken, which constitutes nearly 50% of the non-vegetarian thali’s cost. However, much like the veg thali, the price of a simple non-veg thali also fell by 5% in February 2025. 

Rough CPI Estimates

As per a Union Bank of India report, the Consumer Price Index (CPI) likely slowed from 4.31% in January 2025 to 3.94% in February 2025. Food inflation is estimated to have reduced to less than 5%, driven by lowering vegetable prices. This is bringing relief for average middle class consumers. 

Conclusion

The anticipated reduction in food inflation indicates an easing in macroeconomic conditions that is bringing some relief for middle-class consumers. With the release of revised CPI numbers by the Central Statistical Office and the RBI on March 12, consumers will get a better picture of food costs. This development will also impact the stocks of major food and beverage companies. 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

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

Ola Electric Shares Drop 4% Amid Regulatory Violations; Stock Down 36% YTD

Ola Electric share price witnessed a 4% decline on Monday, following reports of alleged regulatory violations and raids. This has added to the company’s existing woes, with its stock prices already down by over 35% since January 2025.  This development has negatively impacted investors’ sentiment on Ola, which was perceived as a leading force in India’s EV market. 

As per reports, only 100 of the 3,400 showrooms of Ola Electric hold the requisite trade certificates as mandated by the Motor Vehicles Act in India. This means that over 95% of Ola’s stores do not have the certificates to display, sell, transport, or offer test rides for its unregistered two-wheelers. 

Stock Market Reaction and Investor Concerns

The news has fueled investors’ anxieties about Ola Electric’s compliance with government regulatory norms. People are now analysing the potential effect these alleged violations might have on Ola’s financial performance and future operations. The significant year-to-date decline in Ola Eletric’s stock price indicates growing uneasiness among market participants.

The significant drop in Ola’s share value reflects a major loss of investor confidence. This can hinder Ola Electric’s future ability to raise more capital for market expansion and innovation. The company’s reputation and credibility are also at stake, with consumer trust being negatively affected. 

Impact on India’s Electric Vehicle Industry

The Indian EV industry could be negatively impacted by the new development concerning Ola Electric. To build a credible and sustainable EV ecosystem, it is essential to establish a transparent corporate governance mechanism and establishing a regulatory compliance mechanism. Going ahead, this is going to apply to all EV-producing companies. 

The increasing emphasis of the Indian government to drive EV adoption has created a positive environment for electric vehicle manufacturers. However, it is important to maintain investor confidence and ensuring regulatory compliance.

Looking Ahead

Ola Electric share price opened at ₹56.53 on Monday morning, and closed at ₹53.36 at 3.29 PM. In the coming days, the Indian stock market will continue to closely watch Ola Electric’s response to these new developments. The future performance of Ola Electric will depend on its ability to ability to overcome regulatory challenges and regain its foothold in India’s EV market.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

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

SJVN Signs MOU With Chhattisgarh State Govt To Build 1800 Mw Psp

SJVN has decided to build a Pumped Energy Storage Project of 1800 MW in Kotpali, Chattisgarh. For this, it has signed an MoU with the state government and the state-level power generation company. This strategic partnership underlines its commitment to expediting India’s energy transition and improving electricity supply to rural areas. 

The project is estimated to be worth ₹9500 crore. It will create indirect and direct job opportunities for 5000 people during its commissioning phase. The Kotpali PSP will be constructed as an off-stream closed loop PSP situated in the Balrampur district of Chhattisgarh. It will generate energy of 3967 MW annually. 

SJVN Enhances Coal Capacity: Expansion of Buxar Plant

SJVN is a renowned central public center enterprise recognised as a Navratna by the central government. It is currently developing a coal-fired electricity production plant in Buxar, Bihar. It further aims to build an additional capacity of 800 MW, apart from the 1,320 MW already under construction. 

India’s peak electricity demand has witnessed record-breaking growth and reached 250 GW in 2024. As per the power ministry, electricity demand is expected to increase to 384 GW by 2032. This has necessitated the development of coal-fired power plants for electricity production. 

SJVN Financial Performance in Q3 of FY 2024-25

Based on industry reports, SJVN’s consolidated net profits fell to ₹149.03 crore, thereby recording a 66.2% decline in Q3 of FY 2024-25. It also reported a 34.6% QoQ decline in its revenue from operations, which fell to ₹670.99 in December 2024. 

As of 3.30 PM on March 10, SJVN share price closed at ₹85.52, a decline of 2.55% from the previous price. 

Conclusion

SJVN’s strategic growth moves are designed to meet India’s rising energy demands. Its partnership with the state government of Chhattisgarh and the state power company solidifies the power of India’s public-sector partnerships to fuel its energy transition. The Kotpali PSP is expected to emerge as a landmark project and contribute to the national energy security needs.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

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

Vipul Organics Share Price in Focus As it Rights Issue Record Date is Today: Know Key Details

Vipul Organics will open its rights issue on Friday, March 21. The company will present 44,37,291 equity shares to its existing shareholders at a price of ₹46 apiece. The entitlement ratio for the rights issue worth ₹20.41 crore is 1:3. This implies that a shareholder holding 3 fully paid equity shares of the company shall receive an additional rights share. 

During FY 2023-24, the company reported a notable year-on-year growth in its reserves and surplus, from ₹4,019.92 to ₹4,441.17. This was mainly attributed to the growth of its securities premium amount by over ₹202 lakhs due to its strong financial health. 

Key Rights Issue Details For You 

  1. Issue Price: ₹46 per share
  2. Application Amount: The entire amount of ₹46/- per equity share is to be paid upon application.
  3. Closing Date: Bid closes on April 2, 2025
  4. Last Date for Share Purchase: Investors had to acquire shares by the record date (that is March 7, 2025). 

Vipul Organics Is Focusing On Expanding Its Domestic And Global Outreach

Vipul Organics is expected to commence trials of its new chemical manufacturing facility under construction in Gujarat. It is strategically located near the Dahej Port and the Delhi-Mumbai Industrial Corridor. Based in the (PCPIR) Petroleum, Chemicals, and Petrochemicals Investments Region of Gujarat, it is expected to emerge as Gujarat’s leading chemical manufacturing hub and facilitate exports to countries like the UAE. 

About Vipul Organics

Vipul Organics was incorporated in 1972 and is a part of the Vipul Group of Companies. It specialises in producing leather dyes, naphthols, and pigment powders, among other products for industrial and architectural coatings. It exports its products to over 44 countries globally. 

Conclusion

Vipul Organics’ aims to raise ₹20.41 crores through its rights issue program for funding its expansion plans. It is planning to grow its domestic and international reach by increasing its production capacity in Gujarat. As its plans unfold, the stock markets will respond to its future growth strategies, thereby influencing its share prices. 

As of 11.44 AM, on March 10, 2024, Vipul Organics share price was trading at ₹159.40, down 24.38% from the previous day’s close. 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

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

Star Health Insurance Launches ‘SheTARA’ Campaign to Mark International Women’s Day

Star Health Insurance launches the “SheTARA” health campaign in Tamil Nadu to celebrate International Women’s Day. This initiative aims to raise people’s awareness of preventative healthcare solutions and recruit more women as insurance agents. This is a crucial step as Tamil Nadu’s factories employ nearly 42% of India’s women workers (6.3 lakh). 

About the SheTARA Health Initiative

Star Health Insurance will organise 40+ camps across Tamil Nadu. These camps will provide essential health screening services to women at subsidised rates. This will include tests for measuring thyroid function, haemoglobin levels, blood sugar, blood pressure, and bone mineral density. 

The company will also host a special webinar to explain how women can achieve work-life balance and prioritise their health in the age of AI. The event will be led by a prominent gynaecologist. Besides, it will also host a flagship event at its Anna Nagar branch (Chennai) to recognise the contribution of its women employees. 

About Star Health Insurance

Star Health Insurance is one of India’s leading health insurance companies operating since 2006. It also provides comprehensive insurance solutions for patients with cancer, diabetes, and cardiac illnesses. It has a robust distribution network, including 14000+ network hospitals, 910 offices, and over 7.6 lac+ agents. 

Role of Women at Star Health Insurance

Anand Roy, CEO and MD of Star Health Insurance, stated “Through SheTARA, we are reinforcing our commitment to ensuring that every woman—regardless of her background—has access to quality preventive healthcare.” The company employs over 2,00,000 women as insurance agents and aims to increase their representation by over 30%. 

During April 2024-January 2025, the company settled nearly ₹250 crore of health claims by employing 16,000+ women as insurance agents. It also operates an exclusive “Pink Branch” in Chennai which is solely handled by 12 women. The company regards women as an important part of their organisational fabric who fetch higher business volumes (up to ₹420 crore). 

Conclusion

Star Health Insurance’s SheTARA initiative is a powerful step in promoting women’s health and employment opportunities. With health camps, webinars, and women-focused programs, it not only advocates preventive healthcare but also seeks to empower women by increasing their role as agents, strengthening its workforce and business growth.

As of 2:50 PM IST on March 7, Star Health and Allied Insurance Company share price was trading at ₹368.15, down 0.22% for the day. The stock opened at ₹370.00, reached an intraday high of ₹373.15, and touched a low of ₹365.10.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

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

ITC Declares Interim Dividend Payout Date 2025: Check Details Here

ITC announced a 650% interim dividend to its existing shareholders between March 6-8. It is one of India’s largest FMCG companies that produces personal care products, snacks, and other items. The record date to be eligible for dividend receipt was February 12. 

ITC Share Price Performance

As of March 7, ITC share price recorded an all-day high of ₹405.85 and reached an all-day low of ₹401.70. Despite sustaining market pressures, the stock has attracted investors’ interest due to the company’s strong fundamentals. 

In 2024, ITC declared an interim dividend of ₹6.25 per share and a final dividend of ₹7.50 per share. In 2023, it distributed a final dividend of around ₹6.75 per share apart from a special dividend of roughly ₹2.75 per share. In 2020, the company declared the highest dividend payout of ₹10.15 per share, which attracted significant investor attention. 

About ITC

The Indian Tobacco Company has a product portfolio of 25 items and consumers spend nearly ₹32,500 crore on its products annually. Brands like Aashirvaad Aata, Vivel Soaps, and Sunfeast cookies are extremely popular among Indian consumers. 

Sustainability has become a key part of its growth strategy. By using recycled materials in their product packaging (such as in Savlon Wet Wipes), it is minimising the generation of plastic waste. This further attracts repeated product sales from its customers.

How Has ITC’s Dividend Payouts Increased?

Investors have consistently noted a rise in ITC’s ordinary dividend payout, from ₹6030 crore in FY 2015-16 to ₹17.163 crore in FY 2023-24. The company has declared annual and interim dividends for its shareholders at regular intervals. Moreover, its EPS (earnings per share) has doubled from ₹8.03 in FY 2015-16 to ₹16.39 in FY 2023-24. 

Conclusion

ITC’s continuous commitment to reward its shareholders is a part of its overall strategy to conduct business ethically and sustainably. With its decision to provide a 650% interim dividend, it has attracted significant investor attention. The adoption of sustainable business strategies by ITC is expected to sustain its performance in the coming years. 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

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

Quess Corp Share Price Up By Over 6% On Getting NCLT’s Green Signal For Demerger

Following news of NCLT’s approval for the demerger of its diversified businesses into 3 different groups, Quess Corp share price recorded a 6% rise on BSE on Friday, March 7 at 10:59 AM. The stock continued to witness strong buying interest from investors and was trading at ₹653.70 a piece. This was an increase of 2.85% from the previous day’s close.

Quess Corp’s Demerger To Create 3 Different Corporate Entities

As per Quess Corp, the demerger is creating 3 different corporate entities that will focus on key business sectors independently. The establishment of Bluspring Enterprises and Digitide Solutions is a key part of the company’s strategy to enhance long-term profitability. 

Bluspring Enterprises will primarily be an infrastructure services company focusing on areas like facility management, telecom infrastructure maintenance, and food catering services. It will also own Foundit, a leading employment portal for white-collar jobs in India. 

On the other hand, Digitide Solutions is expected to take the lead in the Business Process Management sector by providing a comprehensive range of AI-driven solutions to improve business revenues. It will also focus on the insurtech industry and provide Human Resource Outsourcing (HRO) services. 

How Will This Benefit Existing Shareholders?

As plans for demerger unfold, the two newly formed corporate entities, including Bluspring Enterprises and Digitide Solutions are expected to be listed in the upcoming months. Each shareholder of Quess Corp shall receive one share in these entities post-completion of the demerger. 

In FY 2024, post-tax return on equity for Quess Corp’s shareholders increased from 8.41% to 9.85%. As per Quess Corp’s Chairman Ajit Isaac, increasing penetration of digital retail payments and rapid formalisation of India’s economy is expected to drive business growth in the coming years. This, in turn, has created a bullish sentiment among long-term investors. 

Quess Corp’s Financial Performance in Q3 of FY 2024-25

Quess Corp is controlled by Fairfax Financial Holdings and announced its demerger plans first in February 2024. In Q3 of FY 2024-25, it witnessed a 26% year-on-year growth in net profit, which grew from ₹63.8 crore to ₹80.4 crore. It also reported a 14% year-on-year growth in its revenue from operations, from ₹4,841.8 crore to ₹5,519 crore. 

The Workforce Management Division of Quess Corp secured 124 new contracts, with its annual value surpassing ₹150 crore. It reported a robust sales performance and exhibited continued focus on its Global Capability Center (GCC) business, especially on domestic IT staffing, with an emphasis on niche profiles.

Conclusion

As per industry reports, this move will improve operational efficiency, unlock shareholder value, and allow each entity of Quess Corp to pursue its distinct growth strategy. In the long-term, the company is going to maintain a continued focus on developing innovative technological solutions for its customers, thereby aiding market expansion and enabling business growth. 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

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