On February 6, 2025, the Indian stock market benchmark index BSE and the Nifty closed in the red. The BSE Sensex was down by 0.27% closing at 78,058.16, while the Nifty50 was down by 0.25% at 23,603.35. Among sectors, the Nifty Consumer Durables and Nifty Realty indices saw a fall of more than 1.5%.

Top Gainers of the Day

• Cipla

Cipla stock performed positively today, closing with a gain of 2.51%. It reached a day’s high of ₹1,475.30, reflecting investor confidence and robust performance. The stock opened at ₹1,443.95.

• Adani Ports

Adani Ports saw a 1.90% increase in its share price today, with the stock touching a high of ₹1,169.40. The price movement suggests strong demand, particularly as the stock opened at ₹1,155.60.

• ITC Hotels

ITC Hotels‘ stock rose by 1.77% today, with the highest price recorded at ₹174.00. The stock opened at ₹170.00 and made steady gains throughout the session, peaking at the day’s high.

• Dr. Reddy’s Laboratories

Dr. Reddy’s Laboratories saw a positive movement in its stock price today, rising by 1.01%. The stock reached a high of ₹1,254, showing strong investor interest. Opening at ₹1,234.90, the stock climbed steadily throughout the session, peaking at the day’s high and closing at ₹1,240.

• HDFC Life Insurance

HDFC Life Insurance saw a moderate increase of 0.98%, with the stock reaching a high of ₹638.40. It opened at ₹626.45 and moved upwards, reflecting a positive market outlook for the insurance sector as it hit its intraday peak.

Top Losers of the Day

• Trent

Trent’s stock saw a sharp decline today, falling by 8.38%. Despite opening at ₹5,845, the stock reached its high at the same level before witnessing a significant drop to ₹5,245. The Tata Group company revealed that it has chosen to focus on optimising its store portfolio as part of its December quarter results.

• Bharat Electronics

Bharat Electronics saw a 3.08% drop in its stock price. The stock opened at ₹288.95 and briefly reached a high of ₹289.95 before falling to ₹279.

• Bharti Airtel

Bharti Airtel’s stock slipped by 2.32% today. The stock peaked at ₹1,667.30 but struggled to maintain that level, eventually closing at ₹1,621.90.

• Titan

Titan saw a minor decline of 2.23% in its stock price today. The stock reached a high of ₹3,504.25 but faced downward pressure throughout the day. It closed at ₹3,413.00.

• ONGC

ONGC’s stock dropped by 1.99% today. It reached a high of ₹262.95 but faced a downturn, closing at ₹256.45.

 

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.

The Union Budget for 2025 has set a transformative course for India’s labour welfare landscape, focusing on gig workers and employment generation. A key highlight is the announcement of social security benefits for gig workers, including identification cards, healthcare access, and e-Shram registration.

Additionally, the budget allocates a record ₹32,646 crore to the Ministry of Labour & Employment, a significant rise from previous years, reflecting the government’s commitment to workers’ well-being.

Who is a Gig Worker?

A gig worker is someone who takes part in short-term, flexible jobs or tasks, often through digital platforms or as independent contractors. Unlike traditional employees, gig workers don’t have long-term contracts or benefits typically associated with permanent jobs.

They can work for multiple employers and earn based on the tasks they perform, such as driving for ride-sharing services, freelance writing, delivery services, or other on-demand jobs. This growing workforce plays an increasingly important role in many economies, including India’s.

Gig Workers to Receive Social Security Benefits

The Union Budget 2025 brings significant news for India’s growing gig workforce, extending social security benefits for the first time.

Union Minister for Labour & Employment, Dr. Mansukh Mandaviya, praised the government’s move, which aims to empower nearly 1 crore gig workers by providing identity cards, registration on the e-Shram portal, and healthcare coverage under PM Jan Arogya Yojana.

This initiative aims to ensure the welfare and dignity of the gig workforce.

The Growth of India’s Gig Economy

India’s gig and platform economy has witnessed rapid expansion, with the workforce projected to reach 1 crore in 2024-25 and 2.35 crore by 2029-30. The government’s recognition of gig and platform workers is a crucial step in acknowledging their contribution to the economy.

The Code on Social Security, 2020, for the first time, legally recognised gig workers and introduced provisions to ensure their inclusion in social security benefits.

Comprehensive Framework for Gig Workers’ Welfare

The announcement in the Union Budget 2025 builds on the progress made by the government’s earlier steps, such as the pilot initiatives to register gig workers and aggregators on the e-Shram portal.

Four leading aggregators—Urban Company, Zomato, Blinkit, and Uncle Delivery—have already registered.

The Ministry of Labour & Employment aims to scale this initiative, ensuring every gig worker has access to critical social security benefits.

Record Budget Allocation for Labour Welfare

In another significant move, the Union Budget has allocated ₹32,646 crore to the Ministry of Labour & Employment for FY 2025-26, a historic increase of nearly 80% from the previous year’s revised estimates.

This allocation includes a boost to the Employment Generation Scheme (ELI), which will receive ₹20,000 crore, double the previous year’s allocation.

Moreover, increased allocations for the Employees’ Pension Scheme and PM Shram Yogi Maandhan Yojana signal the government’s continued focus on workers’ welfare.

Focus on Empowering India’s Workforce

Dr. Mandaviya expressed gratitude for the record budget and emphasised that it will strengthen initiatives for worker welfare, especially in the unorganised sector. By improving the social security framework for gig workers and expanding employment schemes, the government is prioritizing worker security and well-being in an ever-evolving economy.

With this historic budgetary allocation, the government is committed to creating a robust safety net for the country’s diverse workforce.

The government’s efforts to integrate gig workers into the social security system and its significant budgetary focus on labour welfare represent a strong commitment to providing social protection and dignity for all workers in the country.

Conclusion

The Union Budget 2025 marks a significant milestone for India’s workforce, particularly for gig workers who have long been excluded from formal social security measures. With the government’s commitment to providing identity cards, healthcare benefits, and e-Shram registration, gig workers are now being integrated into the national social security framework.

The record budget allocation for labour welfare further highlights the government’s focus on empowering workers across sectors, ensuring a stronger, more inclusive economy for the future. These transformative steps promise greater social protection and enhanced job security for millions of workers in the years to come.

 

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.

As per news reports at the Bengal Global Business Summit 2025, Mukesh Ambani of Reliance and Sanjiv Puri of ITC revealed plans to boost investments in West Bengal, including AI data centres and the launch of an AI Excellence Center in Kolkata.

Reliance Doubles Investment Plans for West Bengal

Mukesh Ambani, Chairman of Reliance Industries, revealed at the Bengal Global Business Summit that the company is set to double its investments in West Bengal. This includes the establishment of AI data centres, with one of them set to be operational in Kolkata within nine months.

Ambani highlighted the ongoing transformation of their Kolkata data centre into a state-of-the-art AI hub, marking a significant step in their investment strategy in the region.

ITC to Open Global Centre of Excellence for AI

Sanjiv Puri, the Chairman of ITC, shared their future plans to open a Global Centre of Excellence in Artificial Intelligence (AI) in Kolkata.

This initiative is part of ITC’s commitment to leading AI innovations, underscoring the company’s strategic focus on leveraging cutting-edge technology to foster growth in the state.

A Global Spotlight on West Bengal

West Bengal Chief Minister Mamata Banerjee, alongside top industry leaders, emphasised the state’s rising importance as an investment destination. Banerjee shared that the Bengal Global Business Summit (BGBS) is attracting attention from over 5,000 delegates, including representatives from 40 countries and 20 foreign ambassadors.

This highlights the region’s potential for economic growth, with the state’s Gross State Domestic Product (GSDP) projected to reach ₹18.79 lakh crore in the fiscal year 2024-25.

Share Price Performance

As of 11:54 AM on February 6, 2025, Reliance Industries’ share price is at ₹1,278.10, reflecting a slight decline of ₹0.10 (-0.01%) from its previous close of ₹1,278.20. The stock opened at ₹1,273.70, hitting a high of ₹1,288.00 and a low of ₹1,273.70 during the trading session.

Meanwhile, ITC’s share price stands at ₹441.70 as of 11:55 AM, marking a drop of ₹6.45 (-1.44%) from the previous close of ₹448.15. The stock opened at ₹450 and reached a high of ₹450, with the day’s low at ₹441.50.

 

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.

Castrol India Limited’s stock is currently trading at ₹205.62 AT 11:40 AM on the NSE, marking a significant increase of 5.97% from its previous close of ₹194.04. During today’s session, the stock has reached a high of ₹205.80 and a low of ₹193.95, reflecting a healthy level of intraday volatility.

In comparison, the stock opened at ₹195.70, showing a strong positive movement from its opening price. In the last two trading sessions, the stock has gained a total of 10%. Until yesterday, Castrol’s share price since June 2022 has spiked from ₹112 apiece to the current resulting in a gain of 70%.

Strong Q3 FY25 Results

The company adheres to the calendar year (January to December) for financial reporting. For the fourth quarter (October to December 2024), the company posted revenue from operations of ₹1,354 crore, reflecting a 7% growth compared to ₹1,264 crore in the same period of 2023.

Profit Before Tax (PBT) for Q4 2024 stood at ₹371 crore, marking a 14% increase from ₹324 crore in Q4 2023.

The Profit After Tax (PAT) for Q4 2024 amounted to ₹271 crore, a 12% rise compared to ₹242 crore in Q4 2023. For the full year ending December 31, 2024, the company achieved revenue from operations of ₹5,365 crore, representing a 6% increase from ₹5,075 crore in 2023.

Kedar Lele, Managing Director of Castrol India Limited, commented on the annual results, stating, “2024 has been a year of notable advancements for Castrol India. Castrol EDGE has continued to set new benchmarks for lubricants in high-performance vehicles, while CRB TURBOMAX+ CK4 has contributed to better performance in India’s trucking industry. For our industrial partners, we introduced enhanced rust protection with tailored solutions.”

Lele also highlighted the company’s strengthened presence in rural India, now reaching over 36,000 workshops and stores, as part of its vast network of more than 143,000 outlets nationwide. This broad reach helps millions of consumers trust Castrol for keeping their vehicles in top condition, and this trust drives the company’s ongoing innovation efforts.

Castrol India Declares Final Dividend 

Castrol India Limited has announced a final dividend of ₹9.5 per equity share for the financial year 2024. The dividend will be payable to shareholders whose names appear on the company’s register as of the record date, which is set for March 18, 2025.

The General Meeting to approve the final dividend will be held on March 25, 2025, and the dividend will be paid by April 23, 2025. This move reflects the company’s strong performance and commitment to delivering value to its shareholders.

 

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.

UltraTech Cement has expanded its operations by commissioning 0.6 MTPA grinding capacity at its Sonar Bangla, West Bengal unit. This boosts its domestic grey cement capacity to 166.31 MTPA, the company said in a press release on the stock exchanges.

Expansion Details: 0.6 MTPA Grinding Capacity

UltraTech Cement has announced the commissioning of an additional 0.6 MTPA (million tons per annum) grinding capacity at its existing unit located in Sonar Bangla, West Bengal.

This expansion is expected to support the growing demand for composite cement in the East region of India and contribute to increasing the company’s blended cement ratio.

With this expansion, UltraTech Cement’s total domestic grey cement manufacturing capacity has reached 166.31 MTPA. Additionally, when combined with its overseas capacity of 5.4 MTPA, the company’s total global capacity now stands at 171.71 MTPA.

This capacity enhancement will help UltraTech Cement to meet the growing demand for high-quality cement across various regions.

Q3 FY25 Financial Highlights

UltraTech Cement Ltd reported its Q3 FY25 results, showing a 17.30% drop in consolidated net profit year-on-year (YoY), amounting to ₹1,469.50 crore compared to ₹1,776.98 crore in the same period last year.

However, the company’s revenue from operations rose by 2.70% to ₹17,193.33 crore in Q3 FY25, up from ₹16,739.97 crore in the corresponding period of the previous year.

The cement maker saw notable growth in revenue from cement exports, ready-mix concrete (RMC), building products, and overseas operations, which grew by 37%, 14%, 26%, and 35%, respectively, on a YoY basis.

The company continues to progress on its capacity expansion plans, having commissioned an additional 1.8 MTPA capacity.

Share Price Performance

UltraTech Cement Limited’s share price has experienced a decline of 1.38%, trading at ₹11,425.30 as of 11:15 AM on the NSE. The stock opened at ₹11,577.20 and reached a high of ₹11,619.55 during the session, but has since moved lower, touching a low of ₹11,327.70. This drop in the stock price today has erased half of the gains made in the last two trading sessions.

 

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.

United Spirits plans to shut down its Hyderabad manufacturing unit by July 2025, contributing 1.5% to annual revenue. This move is part of a broader supply chain agility program approved in January 2023, the company said in a press release on the stock exchanges.

Overview of the Manufacturing Unit Closure Plan

United Spirits Limited has disclosed its plan to close its manufacturing unit located in Nacharam, Hyderabad, by July 31, 2025. This closure is part of the company’s multi-year supply chain agility program approved by its Board of Directors in January 2023.

The decision was previously mentioned in the company’s quarterly financials for the period ending December 2022. The unit contributed 1.5% to the company’s revenue in FY 2023-24.

The company also plans to transfer its excise license issued by the Telangana Prohibition & Excise Department, which will enable the closure of operations at the facility, subject to necessary statutory approvals.

Q3 FY25 Financial Highlights

United Spirits reported a strong performance for Q3 FY25, with its standalone net profit rising by 36.31% to ₹473 crore compared to ₹347 crore in the same quarter last year. Revenue from operations, excluding excise duty, stood at ₹3,432 crore, reflecting a 14.82% year-on-year growth.

This increase was driven by strong consumer demand during the festive season and rapid expansion in Andhra Pradesh.

The Prestige & Above segment accounted for 89.2% of net sales during the quarter, marking an increase of 1 percentage point from the previous year. This segment’s net sales grew by 16.1%. Meanwhile, the Popular segment contributed 9.7% of net sales, with a 9.6% growth during the period.

The company’s profit before tax surged 35.86% to ₹621 crore, up from ₹457 crore in Q3 FY24. EBITDA also saw a notable increase of 19.75%, reaching ₹588 crore. The EBITDA margin improved to 17.1%, up from 16.4% in the prior year, while gross margin rose to 44.7%, an increase of 131 basis points.

United Spirits, known for its portfolio of renowned brands such as McDowell’s No.1, Royal Challenge, and Signature, is also the largest spirits manufacturer in India, producing and distributing around 60 million cases annually.

Share Price Performance

As of February 6, 2025, United Spirits Limited’s share price traded at ₹1,449.50 at 10:00 AM on the NSE, reflecting a gain of ₹7.50 or 0.52% from its previous close of ₹1,442. The stock opened at ₹1,451.90 and reached a high of ₹1,458.80 during the session. The low for the day was ₹1,443.40.

 

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.

Page Industries sees a 34.3% YoY profit growth in Q3FY25, reaching ₹204.7 crore. Despite short-term challenges in the apparel market, they forecast strong growth driven by athleisure and innerwear segments.

Q3 FY25 Financial Highlights

Page Industries, which manufactures and distributes Jockey in India, reported a solid 34.3% year-on-year increase in its third-quarter profit for FY25, amounting to ₹204.7 crore. Revenue for the quarter grew by 7.1% year-on-year to reach ₹1,313 crore. EBITA also saw a strong rise, increasing by 33.6% YoY to ₹302 crore.

The company has declared an interim dividend of ₹150 per share, with the record date set for February 13 and the payment date by March 7.

Despite the challenges faced in the Indian apparel retail market, which saw a slowdown in consumer sentiment and demand after the festive season, Page Industries remains optimistic about its long-term growth prospects.

They are particularly confident in the growth potential of their athleisure and innerwear segments, supported by the rise of organised retail and e-commerce. The company maintains that the broader economic expansion, urbanisation, and growing disposable incomes will fuel sustained growth in the long run.

About Page Industries

Page Industries Ltd. is an integrated company involved in the manufacturing, marketing, distribution, and retail of various products. It operates in partnership with well-known global brands like Jockey and Speedo.

Share Price Performance

As of February 6, 2025, Page Industries Limited’s share price showed a significant decline. The stock opened at ₹45,430 and reached a high of ₹45,430. However, it traded at ₹43,910 at 9:35 AM on the NSE, reflecting a sharp decrease of 4.12%, from its previous close of ₹45,795. During the session, the stock saw a low of ₹43,663.

 

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.

Nestlé India, a leading FMCG company, announced a ₹14.25 dividend per share with the ex-date set for February 7, 2025. The dividend payout announcement was made on January 25, 2025.

Corporate Action History 

Nestle India has a long history of consistently rewarding its shareholders through dividend payouts, demonstrating its commitment to delivering value. The company has regularly declared both interim and final dividends, reflecting its strong financial position.

Recent dividend announcements include ₹140 in October 2023, ₹75 in February 2023, and ₹27 in April 2023. Earlier, the company also declared interim dividends of ₹120 in October 2022 and ₹25 in March 2022.

These payouts showcase Nestlé India’s ability to maintain a robust dividend policy over the years, further strengthening its reputation as a reliable and profitable FMCG company. The upcoming dividend highlights the company’s continued commitment to shareholder returns.

Q3 FY25 Financial Highlights

Nestle India reported a 4.9% year-on-year increase in net profit for Q3 FY25, reaching ₹688 crore, up from ₹655.6 crore in the same period last year. The growth was primarily driven by a strong double-digit performance in the beverages segment, particularly Nescafé, which helped the company surpass ₹2,000 crore in retail sales over the past 12 months.

Despite this, the company noted that the demand environment remains challenging, marked by food inflation and slower urban consumption, though rural consumption is gradually recovering. Net sales for the quarter rose 3.9% to ₹4,779.7 crore, while profit before interest, depreciation, and tax (PBIDT) fell by 3.9% to ₹1,081.6 crore.

The company highlighted a strong performance in its out-of-home business and e-commerce, which saw high double-digit growth, contributing 9.1% to domestic sales. Nestlé India’s continued expansion efforts, such as the new confectionery unit in Gujarat, are in line with its ₹5,800 crore capital expenditure target for 2020-2025.

Share Price Performance

As of February 6, 2025, Nestlé India Limited’s share price showed a modest upward movement. The stock opened at the day’s high of ₹2,269, before settling at ₹2,253.20, reflecting a 0.19% increase, or ₹4.25 at 9:20 AM on the NSE, from its previous close of ₹2,248.95. The lowest point during the day was ₹2,242.30. The stock lost close to 1% in the last two trading sessions.

 

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.

Investing in debt-free stocks is a strategy that appeals to risk-averse investors who prioritise financial stability and long-term growth. Debt-free companies are those that operate without the burden of external borrowing, which can often act as a financial strain during market downturns or economic uncertainties.

In February 2025, several companies stand out for their strong financial position, particularly those that are debt-free. These companies have successfully managed to operate without relying on borrowed capital, showcasing their ability to fund operations and growth through internal resources.

Here’s a closer look at the best debt-free stocks for February 2025 based on 5 year CAGR.

Top Debt-Free Stocks in February 2025 – Based on 5Y CAGR

Note: The debt-free stocks list has been curated based on companies with zero debt, sorted by their 5-year (CAGR) as of February 5, 2025, from the Nifty 500 universe.

Overview of 5 Debt-Free Stocks 

1. Tata Investment Corporation Ltd

Tata Investment Corporation (TIC) is an investment company that focuses on portfolio management, including equity and fixed-income investments. It primarily deals with providing long-term investment opportunities, maintaining a diversified portfolio, and managing assets for wealth creation.

TIC reported a significant decline in Q3 FY25, with total income falling by 76.33% to ₹24.21 crore. Operating profit and profit after tax also showed sharp declines, down 80.89% and 57.22%, respectively, despite maintaining a high operating margin of 72.61%.

Key Metrics:

• Return on Equity (ROE): 1.55%
• Return on Capital Employed (ROCE): 1.24%

 

2. Techno Electric & Engineering Company Ltd

Techno Electric & Engineering Company (TEECL), established in 1963 and headquartered in Kolkata, is a leading player in India’s power infrastructure sector. The company specialises in engineering, procurement, and construction (EPC) services, along with asset ownership and operations and maintenance in power generation, transmission, and distribution.

The company is also focused on sustainability through its initiatives in cleaner power generation technologies like Flue Gas Desulphurisation (FGD).

Key Metrics:

• ROE: 13.12%
• ROCE: 14.88%

 

3. Maharashtra Seamless Ltd

Maharashtra Seamless Ltd is engaged in the manufacturing of seamless pipes and tubes, ERW pipes.

Maharashtra Seamless Ltd reported a 3.8% YoY decline in revenue for Q3FY25, despite a 2.0% QoQ increase. The company’s net profit dropped by 32.6% YoY and 15.5% QoQ.

Key Metrics:

• ROE: 18.11%
• ROCE: 20%

 

4. General Insurance Corporation of India

General Insurance Corporation of India serves as the country’s sole reinsurer, providing reinsurance services to domestic general insurance companies.

With a global presence in regions such as the UK, UAE, and Russia, GIC Re offers a broad range of reinsurance products across sectors like property, marine, aviation, and agriculture.

Key Metrics:

• ROE: 13.31%
• ROCE: 9.25%

 

5. ZF Commercial Vehicle Control Systems India Ltd

ZF Commercial Vehicle Control Systems India is a global technology company specialising in advanced mobility solutions. The company operates across multiple sectors, including automotive and industrial, offering products and services in areas like braking systems, wind power, and digitalisation.

ZF has established 18 manufacturing locations and 10 global engineering centres across India, with its regional headquarters in Pune and a technology centre in Hyderabad.

Key Metrics:

• ROE: 15.63%
• ROCE: 19.2%

 

Top Debt-Free Companies by Industry

Top Debt-Free Stocks by Market Capitalisation

Conclusion

Investing in debt-free stocks can be a wise strategy for those looking to minimise risk and prioritise companies with strong financial health and resilience. These companies often offer stability, making them appealing to risk-averse investors.

However, it’s crucial to remember that every investment decision should be aligned with your unique financial goals and risk profile. Consulting with a financial advisor can help tailor your investment strategy and ensure you make informed, well-balanced choices.

 

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