India’s hospitality industry is rapidly growing and plays a vital role in boosting the nation’s economy and tourism sector. Renowned for its cultural diversity, rich heritage, and scenic landscapes, India attracts millions of domestic and international tourists every year, making hotels a crucial component of the country’s hospitality services. As of 2024, the market size of India’s hospitality industry is estimated at around US$ 24.61 billion and is expected to grow to approximately US$ 31.01 billion by 2029. In this article, find the best hotel stocks in India for April 2025, based on 5-yr CAGR and other parameters such as, net profit margin and return on investment. 

Best Hotel Stocks in India in April 2025 – 5yr CAGR Basis 

Note: The best hotel stocks listed here are as of April 7, 2025. The stocks are picked from the market cap above ₹1,000 crore, with positive 1-yr returns. The stocks are sorted by 5yr CAGR. 

Overview of Hotel Stocks in India in April 2025

1. Indian Hotels Company Ltd (IHCL)

IHCL is one of India’s premier hospitality companies, with its subsidiaries offering a diverse portfolio that spans luxury, upscale/upper upscale, and lean luxury/midscale segments. The company’s operations extend across four continents, 12 countries, and more than 100 cities worldwide. In Q3, the company’s revenue rose by 29% to ₹2,592 crore. Profit after tax (PAT) grew by 29%, reaching ₹582 crore. 

Key Metrics: 

• ROE: 13.42%
• ROCE: 14.81%

2. Benares Hotels Ltd

Benares Hotels Ltd was incorporated in 1971. The company is in the business of operating hotels. In Q3 FY 2024-25, the company reported a revenue of ₹40.1 crore, marking an increase from ₹34.5 crore in Q3 FY 2023-24. PAT also saw growth, reaching ₹13.6 crore compared to ₹11.3 crore in Q3 of the previous fiscal year.

Key Metrics: 

• ROE: 30.96%
• ROCE: 34.04%

3. Oriental Hotels Ltd

Oriental Hotels Limited, an associate company of The Indian Hotels Company Limited (IHCL), operates a portfolio of seven prestigious properties. These include Taj Coromandel and Taj Fisherman’s Cove Resort & Spa in Chennai, and more. In Q3 FY 2024-25, Oriental Hotels Limited reported a revenue of ₹122.05 crore, marking a growth from ₹106.07 crore in Q3 FY 2023-24. PAT declined to ₹13.99 crore in Q3 FY 2024-25 from ₹16.43 crore in Q3 FY 2023-24.

Key Metrics: 

• ROE: 8.58%
• ROCE: 11.16%

4. TAJ GVK Hotels and Resorts Ltd

Taj GVK Hotels & Resorts Limited, established in 1995, is a joint venture between the Hyderabad-based GVK Group and The Indian Hotels Company Limited (IHCL). The company is involved in owning, operating, and managing hotels, resorts, and palaces under the prestigious “TAJ” brand. In Q3 FY 2024-25, the company reported a revenue of ₹12,866 lakh crore, marking a growth from ₹11,193 in Q3 FY 2023-24. PAT rose to ₹3,389 lakh in Q3 FY 2024-25 from ₹2,421 lakh in Q3 FY 2023-24.

Key Metrics: 

• ROE: 18.37%
• ROCE: 17.35%

Best Hotel Stocks in India in April 2025 – Net Profit Margin Basis 

Note: The best hotel stocks listed here are as of April 7, 2025. The stocks are picked from the market cap above ₹1,000 crore and are sorted by net profit margin. 

Best Hotel Stocks in India in April 2025 – Return on Investment Basis 

Note: The best hotel stocks listed here are as of April 7, 2025. The stocks are picked from the market cap above ₹1,000 crore and are sorted by return on investment.  

Hotel Industry Growth in India

India’s hospitality industry is poised for significant growth, with its market size projected to reach around US$ 24.61 billion in 2024 and expected to expand to US$ 31.01 billion by 2029, growing at a compound annual growth rate (CAGR) of 4.73% during the forecast period of 2024–29.

The Indian hotel sector has witnessed remarkable expansion in recent years, largely fueled by a combination of economic, social, and technological advancements. Hotels play a vital role in enhancing tourism, driving economic progress, and creating employment opportunities. This case study delves into the development of India’s hotel industry, examining its current landscape, growth journey, challenges, and future outlook.

Conclusion 

Apart from these stocks, there can be other stocks in the hotel sector in India. Before investing, you must thoroughly research a company’s business model, financial health, and long-term prospects. Understanding market trends and industry dynamics is crucial. Always align your investments with your financial goals and risk appetite.

 

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.

 

Adani Enterprises Limited (AEL) is the flagship company of the Adani Group, one of India’s largest and most diversified conglomerates. Over the years, AEL has evolved from a commodity trading business into an incubator of successful infrastructure and utility companies. It plays a crucial role in nurturing new businesses within the Adani Group and scaling them up to become independent listed entities.

Business Model: An Incubator for Growth

Adani Enterprises operates as an incubator, meaning it starts and develops businesses in high-growth sectors until they reach maturity and can stand alone. Several of India’s leading listed companies, including Adani Ports & SEZ, Adani Power, Adani Energy Solutions (previously Adani Transmission), Adani Green Energy, and Adani Total Gas, originated from AEL before being spun off.

Key Areas of Operation

1. Airports: AEL is the largest private airport operator in India, managing airports in cities like Mumbai, Ahmedabad, Lucknow, Jaipur, Guwahati, Thiruvananthapuram, and Mangaluru through Adani Airports Holdings Limited. The company is focused on developing world-class airport infrastructure and improving passenger experience.
2. Road, Metro and Rail: Adani Enterprises aims to contribute to nation-building and infrastructure development by leveraging opportunities in the road, metro, and rail sectors. The company plans to undertake projects such as national highways, expressways, tunnels, metro systems, and railway lines. Notably, Adani owns and operates India’s longest private railway network, spanning ~300 kilometers. 
3. Data Centers: With a growing demand for data storage and cloud services, AEL has ventured into building data center infrastructure under AdaniConneX, a joint venture with EdgeConneX. These facilities are expected to support India’s expanding digital economy.
4. Mining and Resources: AEL is engaged in coal mining and integrated resource management, supplying fuel to thermal power plants across India. It is the largest importer of coal from Indonesia.
5. Defence and Aerospace: Through Adani Defence & Aerospace, the company has entered into strategic sectors like drone manufacturing, military-grade electronics, and aircraft maintenance.
6. Edible Oil and Foods: Adani Wilmar Limited (AWL) is a joint venture established in January 1999 between the Adani Group and Wilmar International Limited, a leading agribusiness group based in Singapore. AWL has emerged as one of the fastest-growing food FMCG companies in India.
7. Agro: Adani Agri Fresh Limited (AAFL), a wholly owned subsidiary of the company, has been a pioneer in setting up integrated infrastructure for the storage, handling, and transportation of apples in Himachal Pradesh.
8. Solar Manufacturing: Adani Solar is creating the world’s first fully integrated solar PV manufacturing ecosystem in Mundra, covering everything from silicon to modules. The facility includes the production of polysilicon, ingots, wafers, cells, modules, and key ancillaries like glass and aluminum frames. The company scaled its capacity from 1.2 GW in 2019 to 4 GW in 2023. 
9. Water: The Group has initiated its efforts in water infrastructure by securing a prestigious wastewater treatment, recycling, and reuse project in Prayagraj under the National Mission for Clean Ganga framework.

Adani Enterprises Share Price Performance

On April 7, 2025, Adani Enterprises share price opened at ₹2,150.05, down from its previous close of ₹2,334.65. At 11:17 AM, the share price of Adani Enterprises was trading at ₹2,202.35, down by 5.67% on the NSE. The stock price touched its 52-week high at ₹3,743.90 on June 3, 2024 and its 52-week low at ₹2,025.00 on November 22, 2024. 

Conclusion

Adani Enterprises is more than just a holding company, it’s the Adani Group’s launchpad for large-scale businesses. With interests in key sectors like infrastructure, energy, and digital services, AEL is poised to play a vital role in shaping India’s economic growth in the coming decades.

 

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.

On April 7, 2025, at 12:34 PM, the NIFTY 50 stood at 21,799.80, down by 1,104.65 points (-4.82%), while the BSE Sensex dropped to 72,020.44, losing 3,344.25 points (-4.44%).

Currently, there are no top gainers in the Nifty 50. The mid-day top losers for the day are:

Mid-Day Top Losers

Trent

Trent’s share price opened at ₹5,006.60, reached a low of ₹4,488.00, and is currently at ₹4,625.00, down by 16.86%.

Tata Steel

Tata Steel share price opened at ₹128.00, touched a low of ₹125.33, and is now at ₹127.03, reflecting a 9.52% decline for the day.

JSW Steel

JSW Steel share price opened at ₹906.00, hit a low of ₹905.20, and is currently at ₹911.65, showing a 9.36% decrease for the day.

Shriram Finance

Shriram Finance share price opened at ₹596.00, reached a low of ₹589.25, and is currently at ₹592.60, reflecting a 9.33% decline for the day.

Tata Motors

Tata Motors share price opened at ₹560.50, reached a low of ₹535.75, and is currently at ₹563.00, showing a decrease of 8.28% for the day.

Conclusion 

The Indian stock market witnessed a sharp decline on April 7, with major indices and stocks deep in the red.

 

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.

Metropolis Healthcare Limited has announced that its wholly owned subsidiary, Metropolis Histoxpert Digital Services Private Limited, has entered into a definitive agreement to acquire the Dehradun-based Dr Ahujas’ Pathology and Imaging Centre (DAPIC), a prominent diagnostics chain in Uttarakhand.

About DAPIC

Established in 1990 by Dr. Alok Ahuja and Dr. Alka Ahuja, DAPIC has built a strong reputation for quality and reliability in diagnostics. The chain operates two NABL- and NABH-accredited laboratories, 11 patient service centres, and nine hospital-based diagnostic centres across the state. It offers a wide range of pathology and soft radiology services, including ultrasound, ECG, and X-ray.

For FY 2024-25, DAPIC posted an estimated unaudited revenue of ₹11.5 crore, with pathology contributing 73% and radiology 27% to the topline. Notably, 80% of its business comes from walk-in patients, reinforcing its strong B2C presence. This acquisition will allow Metropolis to further strengthen its footprint in North India, especially in the high-potential Uttarakhand market.

Deal Structure and Leadership Continuity

The company stated that this all-cash transaction is valued at ₹35.01 crore, with Metropolis Histoxpert acquiring 100% ownership in DAPIC. As part of the agreement, the founders, Dr Alok Ahuja and Dr Alka Ahuja, will continue their involvement with the business to ensure operational continuity and a smooth transition.

EY served as the exclusive financial advisor to DAPIC, while BDO India LLP advised Metropolis Healthcare Limited. 

Speaking on the acquisition, Ms Ameera Shah, Promoter and Executive Chairperson, Metropolis Healthcare Limited, said, “Dr Ahujas’ Pathology & Imaging Centre has established a strong reputation for high-quality B2C services, scientific excellence, and patient trust, making it an ideal addition to Metropolis’ growth strategy. Together with the acquisition of Core Diagnostics, a leader in oncology testing, Scientific Pathology, the dominant chain in Agra, and now DAPIC, the leading diagnostic chain in Dehradun, we are further strengthening our ‘String of Pearls’ strategy—aimed at building a robust and regionally diverse diagnostic network across North India.” 

He further added, “These strategic moves have expanded the North India contribution to our overall revenues from 8% to an estimated 14–15%. Building on this momentum, we aim to accelerate our expansion across Uttar Pradesh and Uttarakhand—two high-growth markets with significant potential. We are delighted to welcome Dr. Alok Ahuja and Dr. Alka Ahuja into the Metropolis family as we integrate DAPIC to further enhance patient care.”

Metropolis Healthcare Share Price Performance 

On April 7, 2025, Metropolis Healthcare share price opened at ₹1,315.00, down from its previous close of ₹1,550.60. At 11:25 AM, the share price of Metropolis Healthcare was trading at ₹1,487.55, down by 4.07% on the NSE.

Conclusion

The acquisition is aligned with Metropolis’ strategic goal of expanding its high-quality diagnostic services across India’s Tier-II cities and beyond.

 

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.

Utkarsh Small Finance Bank Limited has released its business updates for the quarter and year ended March 31, 2025, showcasing steady growth in both its loan and deposit portfolios. 

Business Highlights

The bank’s gross loan portfolio stood at ₹19,666 crore, marking a year-on-year (YoY) increase of 7.5% and a quarter-on-quarter (QoQ) growth of 3.2%, reflecting a consistent demand for credit across segments.

A notable shift is visible in the composition of the bank’s loan book. The Joint Liability Group (JLG) loan portfolio declined by 17% YoY to ₹9,207 crore, and by 5.4% QoQ, indicating a strategic realignment or cautious lending in this segment. On the other hand, the non-JLG loan portfolio rose sharply by 45.1% YoY to ₹10,459 crore, and 12.2% QoQ, highlighting the bank’s focus on diversification and growth in individual and secured loan categories.

On the deposit front, the bank reported total deposits of ₹21,566 crore, a significant YoY rise of 23.4% and a QoQ growth of 6.9%. The bank’s retail deposit base continued to strengthen, with CASA (Current Account and Savings Account) deposits reaching ₹4,692 crore, up 31% YoY and 18.1% QoQ. Retail term deposits also saw a robust 33.5% growth YoY to ₹10,635 crore, while bulk term deposits grew modestly by 5.3% to ₹6,238 crore.

The CASA ratio improved to 21.8% as of March 31, 2025, compared to 20.5% a year ago. The combined ratio of CASA and retail term deposits stood at 71.1%, up from 66.1% in the previous year, indicating a healthier and more stable deposit mix.

Utkarsh SFB also maintained a liquidity position, with the Liquidity Coverage Ratio (LCR) at 193% as of March 31, 2025.

Utkarsh Small Finance Bank Share Price Performance

On April 7, 2025, Utkarsh Small Finance Bank share price (NSE: UTKARSHBNK) opened at ₹22.98, down from its previous close of ₹23.24. At 10:02 AM, the share price of Utkarsh Small Finance Bank was trading at ₹22.11, down by 4.86% on the NSE.

Conclusion 

Overall, Utkarsh Small Finance Bank’s Q4 FY25 update reflects strategic growth in its core areas, deposit mobilisation, and a shift towards a more diversified and resilient loan book.

 

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.

Siemens Ltd has been in focus on Monday, April 7, 2025, following the implementation of the demerger scheme between Siemens Ltd and Siemens Energy India Ltd (SEIL). 

On April 7, 2025, Siemens share price opened at ₹2,450.00, down from its previous close of ₹4,928.15. At 9:45 AM, the share price of Siemens was trading at ₹2,450.00, down by 50.29% on the NSE.

Demerger Scheme with Siemens Energy India

The decline follows the listing adjustment due to the separation of Siemens’ Energy Business into a new entity, Siemens Energy India Ltd. Under the Scheme of Arrangement, shareholders of Siemens Ltd will receive one equity share of SEIL for every one share held in Siemens Ltd, as per a 1:1 ratio.

The record date for the allotment of SEIL shares was fixed as Monday, April 7, 2025. Only those shareholders who held Siemens Ltd shares as of this date will be eligible to receive the new SEIL shares.

This move is in line with Siemens Ltd’s strategy to streamline operations and unlock value by separating its energy business into a distinct listed entity. Siemens Energy India will now focus independently on the generation, transmission, and distribution of energy, while Siemens Ltd will continue its operations in industrial automation, smart infrastructure, mobility, and digital industries.

Siemens Energy India’s Board of Directors

Siemens Energy India Limited has announced the formation of its Board of Directors as it begins operations as an independent company. 

In a meeting held on March 25, 2025, the Board appointed Mr. Sunil Mathur, Managing Director and CEO of Siemens Limited and currently a Non-Executive Non-Independent Director, as Chairman of the Board.

Mr. Guilherme Mendonca, previously Head of Siemens Limited’s Energy Business, has taken over as the Managing Director and CEO of Siemens Energy India.

Mr. Harish Shekar, who led finance for Siemens Limited’s Energy Business, has been named Executive Director and CFO. Additionally, the Board welcomed three Independent Directors: Mr. Ketan Dalal, founder of Katalyst Advisors; Mr. Subodh Kumar Jaiswal, a retired IPS officer; and Ms. Swati Salgaocar, Director at Vimson Group.

Conclusion 

The demerger has drawn significant attention from market participants, as it allows investors to value the two businesses separately, potentially offering better growth visibility and improved capital allocation across the respective domains.

 

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, Jaguar Land Rover (JLR), the UK-based luxury carmaker owned by India’s Tata Motors, is temporarily suspending vehicle shipments to the United States in response to newly imposed U.S. tariffs. 

Temporary Suspension of Shipments

The news reports stated that the company is pausing exports of its British-made vehicles starting Monday to reassess its strategy in light of a 25% import duty introduced by President Trump’s administration.

This strategic pause, expected to last about a month, is aimed at evaluating the financial and operational impact of the tariff and developing measures to mitigate additional costs. While shipments are halted, JLR is expected to continue supplying vehicles from its existing U.S. inventory, which is estimated to cover demand for a couple of months. Typically, it takes around 21 days for cars to be shipped from the UK to the U.S.

Focus on Strategic Adjustments

The move underscores the broader impact of shifting global trade policies on the automotive sector. Other international carmakers are also reassessing their strategies to navigate the consequences of the tariff hike. In a public statement, JLR acknowledged the challenge, noting, “Our luxury brands have global appeal and our business is resilient, accustomed to changing market conditions.”

The U.S. is one of JLR’s most important markets, accounting for nearly 25% of its total sales. ~4,30,000 vehicles were sold globally in the 12 months leading to March 2024. The company is now weighing options, including potential price hikes for American buyers and cost-cutting measures such as reduced marketing expenditure. It may also shift focus to other global markets to maintain its sales momentum.

Conclusion 

JLR, acquired by Tata Motors from Ford in 2008, employs around 38,000 people in the UK. The automaker recently reported a 17% decline in quarterly pre-tax profit in January 2024, underscoring the urgent need to adapt to evolving market dynamics.

 

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 Ministry of Petroleum and Natural Gas (MoPNG) is playing a prominent role at Startup Mahakumbh 2025, held from April 3–5 at Bharat Mandapam, New Delhi. 

The ministry has actively promoted innovation and entrepreneurship through its oil and gas Public Sector Undertakings (PSUs), which have developed frameworks to incubate, mentor, and fund startups driving technological advancement in the energy sector.

32 Oil & Gas Startups at the Forefront

A total of 32 PSU-backed startups are participating in the event. ONGC’s startup fund has seen a 450% increase in valuation over five years. Its first startup, WellRx, has expanded its oilfield solutions to over 120 countries. IndianOil, through its IndS_UP initiative, has supported 42 startups, generating 86 intellectual properties and over 635 jobs. Oil India has backed deeptech ventures such as Caliche Private Limited, working on biochemical sand influx control, and Carbonation India Private Limited, which focuses on sustainable waste management.

Leadership and Expert Participation

Startup Mahakumbh 2025 saw participation from 14 senior executives from top PSUs like ONGC, BPCL, and HPCL. These leaders shared their insights on critical themes, including research monetisation, EV innovation, and mobility solutions. The opening plenary featured the ONGC Chairman, while other sessions addressed investment strategies and policy support for the energy and mobility sectors. A key highlight was the incubation roundtable titled “From Lab to Market – Unlocking Research Monetisation”, which provided a deep dive into how startups can commercialise cutting-edge research.

Expanding the Innovation Ecosystem

Themed “Startup India @ 2047: Unfolding the Bharat Story,” this year’s Startup Mahakumbh has grown significantly, attracting over 3,000 startups across 11 sectors, along with more than 1,000 investors and incubators. MoPNG has previously demonstrated its commitment to innovation during India Energy Week 2025, with initiatives like Avinya’25 and Vasudha, which supported startups in carbon capture, ESG, and AI-driven upstream solutions.

PSU Startup Programs

Several other PSUs are actively fostering innovation. EIL’s EngSUI initiative has funded 31 startups with ₹35 crore. HPCL’s HP Udgam supported 29 startups, including drone tech innovator Maraal Aerospace. BPCL’s Ankur has helped 30 startups raise $132 million. GAIL’s Pankh supports innovations in pipeline repair, biogas, and sustainable materials.

Conclusion

Through collaborative platforms like Startup Mahakumbh and consistent startup programs, MoPNG and its PSUs are driving India’s energy transition by empowering homegrown innovation and entrepreneurship.

 

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.

Websol Energy System Limited has announced a major supply agreement with Luminous Power Technologies Private Limited for the delivery of 100 MW of Mono PERC solar cells. 

The order is scheduled for fulfillment between April 2025 and April 2026 and is seen as a significant milestone in Websol’s long-term growth and expansion strategy.

Details of the Agreement 

As per the agreement, Websol will supply high-efficiency Mono PERC solar cells, with an efficiency range between 23% and 23.4%. These advanced solar cells are designed to deliver superior energy conversion, making them ideal for high-performance solar energy applications. The order showcases Websol’s growing technological capabilities and strong positioning in the renewable energy sector.

This deal supports Websol’s goal of strengthening its production capacity and expanding its presence in the rapidly evolving solar power industry. With this order, the company aims to reinforce its domestic footprint and build a more robust operational infrastructure.

About Websol Energy System Limited

Websol Energy System Limited, established in 1994, is a prominent India-based manufacturer of solar cells and modules. As a pioneer in the solar industry, the company is known for producing high-efficiency products that adhere to international quality standards. With a strong focus on sustainability, Websol is dedicated to providing clean energy solutions to global markets while steadily expanding its presence across India.

On April 4, 2025, Websol Energy System share price (NSE: WEBELSOLAR) opened at ₹1,272.45 and closed at ₹1,268.00, up by 1.39%. The stock price touched its day’s high at ₹1,313.15. 

Conclusion 

The collaboration with Luminous not only underlines Websol’s reputation as a reliable supplier of high-efficiency solar solutions but also aligns with India’s broader push towards clean energy adoption. The partnership is expected to open up further opportunities for growth in both the domestic and international solar markets.

 

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.