Havells India Share Price in Focus on January 20, 2025

Havells India Ltd has been in focus on Monday. On January 20, 2025, Havells share price opened at ₹1,600.00, up from its previous close of ₹1,574.20. At 11:12 AM, the share price of Havells India was trading at ₹1,592.70, up by 1.18% on the NSE. As of the same time, the stock touched its day’s high at ₹1,624.95.

Q3 FY 2025 Financial Highlights

In Q3 FY25, the company reported a net revenue of ₹4,883 crores, marking an 11.0% year-on-year (YoY) growth compared to ₹4,401 crores in Q3 FY24.

EBITDA for the quarter stood at ₹432 crores, slightly down by 0.2% compared to ₹433 crores in the same quarter last year. However, the company’s EBITDA showed an improvement of ₹52 crores when compared to the ₹380 crores recorded in Q2 FY25.

Net profit for Q3 FY25 was ₹283 crores, down by 1.7% YoY from ₹288 crores in Q3 FY24. However, the company’s net profit grew by ₹10 crores from ₹273 crores in the previous quarter (Q2 FY25).

Interim Dividend Record Date

The Board of Directors has declared an interim dividend of ₹4.00 per equity share of Rs. 1 each, representing a 400% dividend on the company’s equity share capital. This dividend will be payable to all shareholders whose names appear in the Register of Members as of the record date, January 22, 2025. A separate notification regarding this has already been sent to the exchanges on January 10, 2025. The dividend will be paid or dispatched to shareholders within 30 days from the declaration date, i.e., by February 14, 2025.

About Havells India Limited

Havells India Limited is a popular company in the Fast Moving Electrical Goods (FMEG) sector and a key manufacturer of power distribution equipment, with a significant global presence. The company holds a strong market position across a diverse range of products, including industrial and domestic circuit protection devices, cables and wires, motors, fans and more.

 

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.

Laxmi Dental Share Price Open at ₹542 on Listing Day, Above Issue Price of ₹428

Laxmi Dental IPO opened for subscription on January 13, 2025, and closed on January 15, 2025.

It was a book-built issue of ₹698.06 crore. The issue was a combination of a fresh issue of 0.32 crore shares aggregating to ₹138.00 crores and an offer for sale of 1.31 crore shares aggregating to ₹560.06 crores. The Laxmi Dental IPO price band was set at ₹407 to ₹428 per share.

On Day 3 of subscription, January 15, as of 6:19 PM, Laxmi Dental IPO was subscribed 114.14 times. QIBs subscribed 110.38x, NIIs subscribed 147.69x, and retail investors subscribed 75.1x.

The share allotment was finalised on January 16, 2025, and the shares were listed on BSE and NSE on January 20, 2025.

Laxmi Dental Share Price

On the listing day, on the NSE, Laxmi Dental share price opened at ₹542.00, up from its issue price of ₹428.00. At 10:16 AM, the share price was trading at ₹539.70, down by 0.42% from its opening price of ₹542.00. As of the same time, the stock touched its day’s high at ₹553.90. The company’s market cap was ₹2,966.31 crore.

On the BSE, at 10:18 AM, Laxmi Dental share price was trading at ₹543.20, up by 2.88% from its opening price of ₹528.00 and 26.92% up from its issue price of ₹428.00.

About Laxmi Dental Limited

Laxmi Dental is a fully integrated dental products provider, offering a diverse range of solutions. Its portfolio includes custom-made crowns and bridges, branded dental products such as clear aligners, thermoforming sheets, and aligner-related accessories as part of its aligner solutions, along with pediatric dental products. The company has over 20 years of industry experience.

 

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.

ICICI Lombard Share Price in Focus; Achieves 67.9% PAT Growth in Q3 FY2025 Results

ICICI Lombard General Insurance Company Limited has reported its financial results for the quarter and nine months ended December 31, 2024.

Post the announcement, on January 20, 2025, ICICI Lombard General Insurance share price (NSE: ICICIGI) opened at ₹1,980.00, up from its previous close of ₹1,948.75. At 10:11 AM, the share price of ICICI Lombard General Insurance was trading at ₹1,923.00, down by 1.32% on the NSE.

Performance for 9M FY2025

The company achieved a Gross Direct Premium Income (GDPI) of ₹206.23 billion in 9M FY2025, registering a growth of 10.3% compared to ₹187.03 billion in 9M FY2024. This growth exceeded the industry’s GDPI growth rate of 7.8%. Excluding the impact of 1/n, the company’s GDPI grew by 11.9% during the nine-month period.

Profit before tax (PBT) witnessed a significant increase of 42.8%, reaching ₹26.53 billion in 9M FY2025 compared to ₹18.57 billion in 9M FY2024. Profit after tax (PAT) also surged by 42.9% to ₹19.99 billion from ₹13.99 billion in the corresponding period of the previous year.

Return on Average Equity (ROAE) for 9M FY2025 stood at 20.8%, marking an improvement from 17.1% in 9M FY2024.

Performance for Q3 FY2025

In Q3 FY2025, the company recorded a GDPI of ₹62.14 billion, reflecting a marginal de-growth of 0.3% compared to ₹62.30 billion in Q3 FY2024. This was in contrast to the industry GDPI growth rate of 9.5%. However, excluding the impact of 1/n, the company’s GDPI grew by 4.8% in the quarter.

PBT for the quarter grew by an impressive 67.3%, reaching ₹9.60 billion, up from ₹5.74 billion in Q3 FY2024. PAT also rose sharply by 67.9%, amounting to ₹7.24 billion in Q3 FY2025 compared to ₹4.31 billion in the prior year.

ROAE for the quarter increased to 21.5%, significantly higher than 15.3% in Q3 FY2024.

 

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.

Tech Mahindra Achieves 92.6% YoY PAT Growth in Q3 FY25 Results

Tech Mahindra Limited announced its audited consolidated financial results for the quarter ended December 31, 2024.

On January 20, 2025, Tech Mahindra share price (NSE: TECHM) opened at ₹1,663.00, up from its previous close of ₹1,660.30. At 9:58 AM, the share price of Tech Mahindra was trading at ₹1,654.75, down by 0.33% on the NSE.

Q3 FY2025 Financial Results (USD)

The company reported revenue of USD 1,567 million for the quarter ended December 31, 2024, marking a decline of 1.3% quarter-on-quarter (QoQ) and 0.4% year-on-year (YoY). However, in constant currency terms, revenue grew by 1.2% QoQ and 1.3% YoY, reflecting stability in the company’s core business.

EBITDA stood at USD 213 million, showcasing a 2.0% QoQ and an impressive 54.7% YoY growth. The EBITDA margin rose to 13.6%, up 40 basis points (bps) QoQ and 480 bps YoY. Profit after tax (PAT) was USD 116 million, with operational PAT increasing by 9.9% QoQ and 88.5% YoY. The PAT margin also improved to 7.4%, with operational PAT margins rising by 80 bps QoQ and 350 bps YoY.

The company’s free cash flow during the quarter stood at USD 199 million. It also secured new deal wins with a total contract value (TCV) of USD 745 million.

Q3 FY2025 Financial Results (INR)

In Indian rupee terms, Tech Mahindra’s revenue for the quarter was ₹13,286 crores, reflecting a slight decline of 0.2% QoQ but an increase of 1.4% YoY.

EBITDA for the quarter stood at ₹1,809 crores, growing by 3.4% QoQ and an impressive 57.8% YoY. Profit after tax (PAT) was ₹983 crores, with operational PAT increasing by 11.5% QoQ and 92.6% YoY

The Chief Executive Officer and Managing Director of Tech Mahindra, Mohit Joshi, said, “We see an improved rate of deal wins in our key verticals and priortised markets. This coupled with consistent expansion in operating margins, despite cross-currency headwinds during the quarter, reaffirms that we are on track to achieve our long-term goals.”

 

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.

Kotak Mahindra Bank Share Price Rose by 9.49%; Posts 10% YoY PAT Growth in Q3 FY25 Results

Kotak Mahindra Bank Limited has released its unaudited standalone and consolidated financial results for the quarter ended December 31, 2024.

Post the announcement, on January 20, 2025, Kotak Mahindra Bank share price (NSE: KOTAKBANK) opened at ₹1,890.00, up from its previous close of ₹1,758.60. At 9:47 AM, the share price of Kotak Mahindra Bank was trading at ₹1,925.55, up by 9.49% on the NSE.

Consolidated Results Q3 FY2025

For the consolidated results, the bank’s Profit After Tax (PAT) for Q3 FY25 increased by 10% year-on-year (YoY), rising to ₹4,701 crore, compared to ₹4,265 crore in Q3 FY24. For the nine months ended December 31, 2024 (9M FY25), consolidated PAT before the Kotak Global Investments (KGI) divestment grew by 10% YoY, reaching ₹14,180 crore, up from ₹12,876 crore in 9M FY24.

The Return on Assets (ROA) for Q3 FY25 (annualised) was 2.30%, slightly lower than the 2.46% in Q3 FY24, while Return on Equity (ROE) stood at 12.43% for Q3 FY25 (annualised), down from 13.83% in the same quarter last year.

The bank’s consolidated Capital Adequacy Ratio (CAR) under Basel III stood at a strong 23.4%, with the CET I ratio at 22.5%. The bank’s consolidated net worth at December 31, 2024, amounted to ₹152,878 crore, bolstered by reserves due to regulatory changes and the gain on the KGI divestment.

In terms of assets, the total Assets Under Management (AUM) increased by 29% YoY, reaching ₹686,197 crore as of December 31, 2024, compared to ₹533,365 crore as of the previous year. The Domestic Mutual Fund (MF) Equity AUM saw significant growth, up 39% YoY, reaching ₹319,161 crore.

Standalone Results Q3 FY2025

On the standalone front, Kotak Mahindra Bank posted a PAT of ₹3,305 crore for Q3 FY25, reflecting a 10% YoY growth compared to ₹3,005 crore in Q3 FY24.

For 9M FY25, the bank’s standalone PAT grew by 5% YoY, amounting to ₹10,168 crore, up from ₹9,648 crore in 9M FY24.

Net Interest Income (NII) for Q3 FY25 was ₹7,196 crore, up 10% YoY. The Net Interest Margin (NIM) stood strong at 4.93%, maintaining healthy margins. Operating profit for Q3 FY25 increased by 13% YoY to ₹5,181 crore, showcasing consistent operational performance.

 

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.

Top Gainers & Losers of the Day on January 17, 2025: BPCL & Reliance Lead Top Gainers

On January 17, 2025, the BSE Sensex fell by 423.49 points (0.55%) to close at 76,619.33. Similarly, the Nifty50 also closed in the red, dropping 108.60 points (0.47%) to finish at 23,203.20.

Top Gainers of the Day

Symbol LTP (₹) %Chng
BPCL 274.05 2.68
RELIANCE 1300 2.65
COALINDIA 388.4 2.52
HINDALCO 616 2.22
NESTLEIND 2216.95 2.20
  • Bharat Petroleum Corporation Limited (BPCL)

BPCL share price surged 2.68% closing at ₹274.05. The stock hit the day’s high of ₹275.20. The company announced that the Board of Directors’ meeting is scheduled for Wednesday, January 22, 2025, and will discuss the proposal to declare an interim dividend for the financial year 2024-25 and set the record date for it.

  • Reliance Industries

Reliance share price gained 2.65% closing at ₹1,300.00. The stock touched the day’s high at ₹1,326.00. The company reported its Q3 FY 2025 results. It reported revenue from operations of ₹2,43,865 crore, marking an increase from ₹2,27,970 crore in Q3 FY24. Profit After Tax (PAT) for the quarter stood at ₹21,804 crore, reflecting a rise from ₹19,488 crore in the same period last year.

  • Coal India

Coal India share price rose 2.52% closing at ₹388.40. The stock touched its day’s high at ₹389.30. The company acquired Gadag II and Koppal II Transmission Limited on January 16, 2025. The project involves strengthening the system for RE integration on a BOOT basis.

  • Hindalco Industries

Hindalco share price rose by 2.22%. The stock opened at ₹603.85 and hit a day’s high of ₹619.00.

  • Nestle India

Nestle India share price surged 2.20% closing at ₹2,216.95. It hit a day’s high of ₹2,226.35.

Top Losers of the Day

Symbol LTP (₹) %Chng
INFY 1817.5 -5.75
AXISBANK 992 -4.43
SHRIRAMFIN 526.5 -3.71
KOTAKBANK 1759.05 -2.58
WIPRO 281.7 -2.20
  • Infosys

Infosys share price dropped 5.75%. The stock closed at ₹1,817.50 and touched its day’s low at ₹1,812.00. The company reported Q3 FY 2025 results. The revenue growth for Q3 FY25 was 0.9% QoQ, with a constant currency (CC) growth of 1.7%. The YoY growth was 5.9%, while the CC YoY growth stood at 6.1%.

  • Axis Bank 

Axis Bank share price fell 4.43%. The share price closed at ₹992.00 and touched its day’s low at ₹974.60. The company reported Q3FY25 results with a 15% rise in operating profit, 9% growth in NII, and a 4% increase in net profit. 9M FY25 net profit grew 9%.

  • Shriram Finance

Shriram Finance share price slipped 3.71% closing at ₹526.50. It touched its day’s low at ₹523.85.

  • Kotak Mahindra Bank

Kotak Mahindra Bank share price dropped 2.58%, closing at ₹1,759.05. The share price opened at ₹1,797.00 and touched its day’s low at ₹1,748.30.

  • Wipro

Wipro share price slipped 2.20%. The share price opened at ₹287.80 and touched its day’s low at ₹280.50.

 

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.

Sterling and Wilson Renewable Energy Reports 215% YoY Revenue Growth in Q3 FY25 Results

Sterling and Wilson Renewable Energy Limited (SWREL) has announced its financial results for the third quarter of FY25, marking a significant milestone with its second-highest quarterly revenue since going public.

On January 17, 2025, Sterling and Wilson Renewable Energy share price (NSE: SWSOLAR) opened at ₹449.00, down from its previous close of ₹457.65. At 10:44 AM, the share price of Sterling and Wilson Renewable Energy was trading at ₹422.15, down by 7.76% on the NSE. The stock price touched its 52-week low recently on January 15, 2025, at ₹403.35.

Q3 FY 2025 Financial Highlights

The company reported a 215% year-on-year (YoY) revenue growth and a 78% quarter-on-quarter (QoQ) increase, driven by an accelerated pace of execution in both domestic and international EPC projects. Operational efficiencies have led to positive operational EBITDA for three consecutive quarters.

In terms of profitability, SWREL achieved a Profit Before Tax (PBT) of ₹41 crore, up from ₹20 crore in the previous quarter. The company also reported a sequential decrease in its net debt by approximately ₹150 crore, bringing it down to ₹175 crore, thanks to improved cash flows and indemnity receipts during the quarter.

The strong order inflow momentum continues, with SWREL securing ₹5,679 crore in order inflows for the nine-month period, including two domestic order/LOA wins in the third quarter.

Commenting on the quarter results, the CEO – Asia, Africa, LATAM & Europe, Sterling and Wilson Renewable Energy Ltd, Mr CK Thakur, said, “Our performance this quarter brings forth the resilience of our business model. We are significantly scaling up operations and focused on improving profitability. With a steady flow of high-value domestic orders in this quarter and a robust project pipeline across both domestic and international markets, we are poised to capitalise on emerging opportunities. We continue to drive growth, enhance operational excellence and deliver unparalleled value to our stakeholders.”

 

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.

Mid-Day Top Gainers and Losers on January 17, 2025: BPCL & Reliance Shine

On January 17, 2025, as of 12:03 PM, the BSE Sensex was down by 0.54% at 76,629.64, while the Nifty50 was down by 0.45% at 23,206.55. Among sectors, the Nifty Oil & Gas rose by 1.36%.

As of January 17, 2025, 12:05 PM, the mid-day top gainers and losers are:

Mid-Day Top Gainers 

Symbol Open (₹) High (₹) Low (₹)
BPCL 268.80 274.50 267.25
RELIANCE 1,322.25 1,326.00 1,285.00
POWERGRID 297.65 304.00 295.70
NESTLEIND 2,180.65 2,213.90 2,172.55
ASIANPAINT 2,225.65 2,264.50 2,212.50
  • Bharat Petroleum Corporation Limited (BPCL)

BPCL share price surged 2.62% after opening at ₹268.80. The stock hit the day’s high of ₹274.50. The company announced that the Board of Directors’ meeting is scheduled for Wednesday, January 22, 2025, and will discuss the proposal to declare an interim dividend for the financial year 2024-25 and set the record date for it.

  • Reliance Industries

Reliance share price gained 2.56% after opening at ₹1,322.25. The stock touched the day’s high at ₹1,326.00. The company reported its Q3 FY 2025 results. It reported revenue from operations of ₹2,43,865 crore, marking an increase from ₹2,27,970 crore in Q3 FY24. Profit After Tax (PAT) for the quarter stood at ₹21,804 crore, reflecting a rise from ₹19,488 crore in the same period last year.

  • Power Grid Corporation of India

Power Grid share price rose 2.12% after opening at ₹297.65. The stock touched its day’s high at ₹304.00. The company acquired Gadag II and Koppal II Transmission Limited on January 16, 2025. The project involves strengthening the system for RE integration on a BOOT basis.

  • Nestle India

Nestle India share price surged 1.94% after opening at ₹2,180.65. It hit a day’s high of ₹2,213.90.

  • Asian Paints

Asian Paints share price rose by 2.09%. The stock opened at ₹2,225.65 and hit a day’s high of ₹2,264.50.

Mid-Day Top Losers

Symbol Open (₹) High (₹) Low (₹)
INFY 1,851.00 1,858.00 1,812.00
AXISBANK 1,000.00 1,011.70 974.60
KOTAKBANK 1,797.00 1,805.50 1,751.05
SHRIRAMFIN 546.55 547.55 532.00
ICICIBANK 1,243.35 1,249.00 1,218.00
  • Infosys

Infosys share price dropped 5.37%. The stock opened at ₹1,851.00 and touched its day’s low at ₹1,812.00. The company reported Q3 FY 2025 results. The revenue growth for Q3 FY25 was 0.9% QoQ, with a constant currency (CC) growth of 1.7%. The YoY growth was 5.9%, while the CC YoY growth stood at 6.1%.

  • Axis Bank 

Axis Bank share price fell 4.71%. The share price opened at ₹1,000.00 and touched its day’s low at ₹974.60. The company reported Q3FY25 results with a 15% rise in operating profit, 9% growth in NII, and a 4% increase in net profit. 9M FY25 net profit grew 9%.

  • Kotak Mahindra Bank

Kotak Mahindra Bank share price dropped 2.70%. The share price opened at ₹1,797.00 and touched its day’s low at ₹1,751.05.

  • Shriram Finance

Shriram Finance share price slipped 2.57%. The share price opened at ₹546.55 and touched its day’s low at ₹532.00.

  • ICICI Bank

ICICI Bank share price slipped 1.71%. The share price opened at ₹1,243.35 and touched its day’s low at ₹1,218.00.

 

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.

IRCON Share Price Declines 1.38% on January 17, 2025

Ircon International Limited (IRCON) has been in focus on Friday. On January 17, 2025, IRCON share price opened at ₹215.00, down from its previous close of ₹220.41. At 11:39 AM, the share price of IRCON was trading at ₹217.36, down by 1.38% on the NSE. The market cap of the company stood at ₹20,443.05 crore.

The focus comes after news reports that the Union Budget 2025-26, set to be presented on February 1, may include an increase in the budgetary allocation for the Ministry of Railways.

Recent Developments

In December 2024, IRCON informed the exchanges that the company and Northeast Frontier Railway have signed Memorandums of Understanding (MoUs) for the outsourcing of TRD maintenance and breakdown services. This includes work at nine OHE depots for the newly commissioned OHE and PSI assets in the Tinsukia Division, as well as at 11 OHE depots for similar assets in the Lumding Division of Northeast Frontier Railway.

Q2 FY 2025 Financial Highlights

In Q2 FY 2025, the total income stood at ₹2,538.6 crore, down from ₹3,136.3 crore in Q2 FY 2024. Revenue from operations for the quarter was ₹2,447.5 crore, compared to ₹3,033.3 crore in Q2 FY 2024. EBITDA amounted to ₹342.8 crore, down from ₹392.4 crore in Q2 FY 2024, with an EBITDA margin of 13.5%. The profit after tax (PAT) for Q2 FY 2025 was ₹205.9 crore, lower than ₹250.8 crore in Q2 FY 2024.

About Ircon International Limited 

Ircon International Limited, established in 1976 as a railway construction company, gradually diversified from 1985 onwards. It has since become an integrated engineering and construction PSU, specialising in large, technologically advanced infrastructure projects across sectors like railways, highways, and more.

 

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.

Motilal Oswal Share Price Drops 1.61% on Jan 17, 2025

Motilal Oswal Financial Services Limited has been in focus on Friday. On January 17, 2025, Motilal Oswal share price opened at ₹812.50, up from its previous close of ₹799.35. However, at 11:12 AM, the share price of Motilal Oswal was trading at ₹786.50, down by 1.61% on the NSE. The market cap of the company stood at ₹47,073.42 crore.

Q2 FY25 Financial Highlights 

In Q2 FY25, the consolidated PAT, including Other Comprehensive Income (OCI), stood at ₹1,242 crore, reflecting a 123% YoY growth. The company achieved a Return on Equity (RoE) of 48%. Consolidated operating net revenue for Q2FY25 reached ₹1,366 crore, marking a 46% YoY increase.

About Motilal Oswal Financial Services Limited

Motilal Oswal Financial Services Limited (MOFSL) is a financial services provider offering a range of solutions, including Wealth Management, Capital Markets (Institutional Broking & Investment Banking), Asset & Wealth Management (Asset Management, Private Equity, & Wealth Management), Housing Finance, and Equity-based Treasury Investments. With a workforce of over 13,300 employees, MOFSL serves 94 lakh clients across 550+ cities. The company manages Assets Under Advice totalling ₹5.7 lakh crores.

 

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.