Mid-Day Top Gainers and Losers on February 25, 2025: M&M and Bharti Airtel Led Gainers

On February 25, 2025, as of 12:03 PM, the BSE Sensex was up 0.20% at 74,601.03, while the Nifty 50 was flat at 22,554.40. The mid-day top gainers and losers for the day are:

Mid-Day Top Gainers 

Symbol Open High Low LTP %chng
M&M 2,740.00 2,803.95 2,728.15 2,799.65 3.34
BHARTIARTL 1,597.00 1,642.50 1,597.00 1,639.05 2.36
BAJFINANCE 8,354.95 8,515.00 8,338.05 8,490.90 1.63
NESTLEIND 2,222.45 2,254.55 2,213.85 2,252.15 1.43
ADANIENT 2,115.15 2,144.00 2,102.00 2,139.20 1.14

M&M

M&M shares opened at ₹2,740.00, hit a high of ₹2,803.95, and saw a day change of +3.34%, closing at ₹2,799.65.

Bharti Airtel

Bharti Airtel shares started at ₹1,597.00, and reached a high of ₹1,642.50, with a day change of +2.36%, closing at ₹1,639.05.

Bajaj Finance

Bajaj Finance shares opened at ₹8,354.95, peaked at ₹8,515.00, and gained +1.63%, ending the day at ₹8,490.90.

Nestle India 

Nestle India shares opened at ₹2,222.45, touching ₹2,254.55, with a day change of +1.43%, closing at ₹2,252.15. 

Adani Enterprises

Adani Enterprises shares started at ₹2,115.15, reached a high of ₹2,144.00, gaining +1.14%, and closed at ₹2,139.20.

Mid-Day Top Losers

Symbol Open High Low LTP %chng
HINDALCO 636 638.45 617.3 619.45 -3.5
DRREDDY 1,167.15 1,169.55 1,135.00 1,138.20 -2.26
SBILIFE 1,480.00 1,484.05 1,463.45 1,466.75 -1.33
TRENT 5,090.00 5,129.25 4,988.00 4,998.90 -1.32
NTPC 320.1 321.5 315.75 316.25 -1.2

Hindalco  

Hindalco shares opened at ₹636.00, and hit a low of ₹617.30, with a day change of -3.50%, closing at ₹619.45.

Dr Reddy

Dr Reddy shares started at ₹1,167.15, touched a low of ₹1,135.00, losing -2.26%, closing at ₹1,138.20.

SBI Life

SBI Life shares opened at ₹1,480.00, and reached a low of ₹1,463.45, with a day change of -1.33%, closing at ₹1,466.75.

Trent

Trent shares opened at ₹5,090.00, hit a low of ₹4,988.00, and saw a loss of -1.32%, closing at ₹4,998.90.

NTPC

NTPC shares started at ₹320.10, and touched a low of ₹315.75, with a day change of -1.20%, closing at ₹316.25.

 

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.

Garden Reach Shipbuilders Expects Order Book to Cross ₹40,000 Crore by FY26

Garden Reach Shipbuilders Ltd., a state-run shipbuilding company, anticipates its order book will surpass ₹40,000 crore by the end of the 2026 financial year, according to Chairman and Managing Director PR Hari.

In an exclusive interview with CNBC-TV18, Hari stated that the company’s current order book stands at ₹23,877 crore, which he described as “reasonably healthy.” He added that they aim to maintain a Compound Annual Growth Rate (CAGR) of 25% moving forward.

“We have been maintaining a 25% CAGR. Our current order book is reasonably healthy, and I had previously indicated that the order book will be substantial by the end of FY26. Therefore, we expect to maintain a similar CAGR,” he said.

New Contracts Expected

Hari also mentioned that Garden Reach expects to sign two additional contracts in the current financial year, with 95% of the current order book coming from the shipbuilding sector.

“The orders we currently have are at a stage where revenue recognition is progressing well. Additionally, the new orders we are expecting will start generating revenue from FY27 or FY28,” he explained.

For the December quarter, Garden Reach reported a 34% year-on-year growth in revenue. Its Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) rose by 55%, and its margins improved by 60 basis points compared to the previous year.

Anticipation for Strong Performance

“We expect to maintain similar margins (around 8%). This is because, while shipbuilding is a highly competitive sector with generally low margins, we have shifted towards the export of commercial ships and ship repairs, which offer relatively higher margins. As a result, I believe we will be able to sustain profit margins above 8% in the coming years,” the CMD added.

The company also expressed confidence in a strong performance for the March quarter, with expectations of more orders to further strengthen its order book.

Currently, exports account for 4.5% of Garden Reach’s total revenue, and the management aims to increase this figure to 10% over time.

 

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.

Akzo Nobel to Sell Powder Coating Business to Akzo Nobel N.V.: Received Binding Offer

On February 24, 2025, Akzo Nobel India Ltd announced through an exchange filing that it had received a binding offer from Akzo Nobel N.V. for the sale of its powder coatings business and R&D Centre.

Transaction Value

In a strategic move, Akzo Nobel will transfer the powder coatings business and the international R&D Centre on a slump sale basis, with the powder coatings business valued at ₹2,073 crore and the R&D Centre at ₹70 crore.

Additionally, Akzo Nobel India’s board has given the green light to acquire intellectual property rights from Akzo Nobel Coatings International B.V. for its decorative paints business across India, Bangladesh, Bhutan, and Nepal. This acquisition, valued at ₹1,152 crore, is based on the lower of two independent valuations.

Objective of Business Sale

The company emphasized that these transactions will sharpen Akzo Nobel India’s focus on its liquid paints and coatings business, positioning it to become fully independent in terms of branding and technology for its core decorative paints segment.

However, these moves are subject to shareholder approval, which will be sought in the coming weeks, with the voting process expected to wrap up in a month.

For the financial year 2024, Akzo Nobel India’s powder coatings business contributed ₹421.2 crore to the revenue, about 10.7% of the company’s total topline, while the R&D Centre accounted for 1.36%.

On February 25,2 205, Akzo Nobel shares rose 1.39%, reaching a day high of ₹3,339.95, after opening at ₹3,300.00

 

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.

SECI Signed MoU with MP Government for 200 MW Solar Project

The Solar Energy Corporation of India Limited (SECI), a Navratna CPSU under the Ministry of New & Renewable Energy, has entered into a Memorandum of Understanding (MoU) with the Government of Madhya Pradesh to establish a 200 MW Solar Project in Dhar under the CPSU Scheme, along with a 1000 MWh Battery Storage Project in the state. The MoU was signed during the two-day Global Investors Summit 2025, being held in Bhopal from February 24 to 25, 2025.

The event, organised by the Government of Madhya Pradesh, was inaugurated by the Hon’ble Prime Minister of India, with the Hon’ble Governor of Madhya Pradesh, Shri Mangubhai Chhaganbhai Patel, and the Hon’ble Chief Minister of Madhya Pradesh, Shri Mohan Yadav, in attendance.

Capital Expenditure of ₹2,500 Crore

The 200 MW Solar Project is part of a broader 500 MW agreement signed in 2023 with MP Power Management Company Limited (MPPMCL) for a 25-year period, under which SECI will supply electricity to the state. Additionally, SECI has proposed a phased capital expenditure of ₹2,500 crore for the expansion and development of renewable energy in Madhya Pradesh.

Growing Installed Capacity

As a renewable energy project developer, SECI has successfully installed 122.7 MW of renewable energy projects, with an additional 1,325 MW in the pipeline. Through its own initiatives, SECI supplied 72 MU of renewable energy in FY 2023-24.

The projects commissioned in FY 2023-24 include:

» A 1.7 MW solar project in Lakshadweep, paired with a 1.4 MWh Battery Energy Storage System (BESS), designed to reduce diesel consumption on the islands.

» A 100 MW solar project in Chhattisgarh, equipped with a 40 MW/120 MWh BESS, aimed at delivering solar power during peak evening demand.

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.

EaseMyTrip Arm Yolo Bus Secured Tender from Madhya Pradesh Government

On February 24, 2025, EaseMyTrip.com, one of India’s leading online travel tech platforms, announced that its wholly owned subsidiaries, YoloBus and Easy Green Mobility have secured a tender for the Madhya Pradesh Government’s only first inter-city electric buses issued by Sagar City Transport Services Limited (SCTSL).

Operation of Electric Buses

The company in the exchange filing stated that the said electric buses will be operated by YoloBus and manufactured by Easy Green Mobility. This landmark achievement tackles the urgent issue of limited electric bus availability amidst soaring demand while supporting the state’s bold vision for sustainable public transportation.

The first batch of cutting-edge electric buses is set to roll out in August 2025. Each bus is designed to offer an exceptional combination of advanced technology, passenger comfort, and environmental efficiency—providing a smooth, safe, and eco-friendly travel experience

Management Take on Historic Win

Mr. Rikant Pittie, CEO and Co-Founder of EaseMyTrip said, “Our entry into in-house electric bus manufacturing is a direct response to the strong demand we’ve observed through YoloBus. In a market where supply struggles to meet soaring demand, we recognized that this strategic shift was not just necessary to address immediate operational needs but also to capture a rapidly growing market. The electric vehicle market, valued at USD 331.9 million in 2024, is projected to grow at an impressive CAGR of 18.2%.”

“This move is further supported by robust government initiatives, such as the PM E-Drive, state-level policies, and PLI schemes, offering an excellent opportunity to localize production and create a fully ‘Make-in-India’ product. With our new subsidiary, Easy Green Mobility, and an initial investment of INR 200 crore, we are committed to setting new standards in sustainable transit and expanding our presence in the booming EV and eMobility sector”

Conclusion

As an established operator with a successful fleet and robust market demand, YoloBus is smoothly incorporating these state-of-the-art electric buses into its network to enhance the travel experience. This initiative further supports EaseMyTrip’s ‘Make in India’ vision and solidifies its leadership in India’s electric vehicle revolution, fostering innovation in sustainable mobility.

 

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.

SEBI Levied Penalty of ₹50 Lakh on Nexpact, AIRD Investment and Aviator Global Investment

On February 24, 2025, the capital market regulator, the Securities and Exchange Board of India (SEBI), levied a total penalty of ₹50 lakh on 3 foreign portfolio investors (FPIs) for exceeding the prescribed limits on short-term investments in debt securities. These violations, some of which lasted up to two years, were discovered following an inspection of their custodian, Orbis Financial Corporation, for FY22.

SEBI fined Nexpact Ltd and AIRD Investment Commercial LLC ₹ 20 lakh each, while Aviator Global Investment Fund was penalized ₹ 10 lahks. The fines were imposed for violations of RBI regulations, which limit short-term investments to 30% of an FPI’s total investments in any category, in order to maintain stability in the debt market.

Investigation by SEBI

SEBI’s investigation revealed that AIRD Investment Commercial LLC exceeded the 30% short-term investment limit for 562 days, from December 2021 to November 2023, holding investments in short-term debt securities well beyond the allowed threshold.

Similarly, Nexpact Ltd breached the limit for 586 days, from December 2021 to July 2023. While the company acknowledged the oversight and took corrective steps, SEBI determined that the prolonged non-compliance warranted a substantial penalty.

Aviator Global Investment Fund violated the short-term investment cap for 373 days, from September 2021 to October 2022.

Conclusion

SEBI conducted a thorough review of compliance with both SEBI’s and RBI’s foreign investment regulations, covering the period from April 2018 to November 2023. Given the important role FPIs play in India’s debt markets, such violations highlight concerns about risk management and regulatory oversight.

 

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.

EPFO Big Announcement: UAN Activation Deadline Extended to March 15, 2025

Did you miss the deadline to activate your UAN to enjoy benefits under the Employment-Linked Incentive (ELI) scheme? Don’t worry, the Employees’ Provident Fund Organisation (EPFO) has extended the deadline for Universal Account Number (UAN) activation and Aadhaar-bank account linking to March 15, 2025, which was previously February 15, 2025.

The deadline has been extended, following a circular from the Ministry of Labour & Employment, to allow employees more time to meet the requirements.

How to Activate UAN Online?

New EPF members can activate their UAN via the EPFO Member Sewa portal by following these steps:

  • Click on the ‘Activate UAN’ link under ‘Important Links.
  • Provide details such as UAN, Aadhaar number, date of birth, and registered mobile number.
  • Complete the Aadhaar OTP verification.
  • Enter the OTP received to activate the UAN.

What is UAN?

The UAN (Universal Account Number) is a 12-digit number issued by the Employees’ Provident Fund Organisation (EPFO) to every eligible salaried employee. It acts as a single access point for managing their Provident Fund (PF) accounts across different employers throughout their careers, allowing them to track and view their PF balances under one unique number.

Why is UAN Activation Important?

Activating the UAN is essential to access EPFO services online. The 12-digit UAN enables employees to withdraw EPF funds, check their balance, and update their contact information.

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.

Best Semiconductor Stocks For March 2025: Dixon Technologies, RIR Power and More- Based on 5Y CAGR

India relies on imports to meet its demand for semiconductor devices, primarily due to the lack of a domestic semiconductor fabrication facility. The semiconductor industry plays a crucial role in driving economic growth in today’s technology-driven world.

Although India’s semiconductor ecosystem is still in its infancy, representing only 3% of the global market, the country is at a critical juncture to leverage the increasing demand for chips in sectors such as electronics, automotive, telecommunications, and artificial intelligence. In this article, check the best semiconductor stocks in March 2025 based on the 5Y CAGR.

Overview of Semiconductor Conductor Industry in India

In 2022, the Indian semiconductor market was valued at US$ 26.3 billion and is expected to grow at a compound annual growth rate (CAGR) of 26.3%, reaching US$ 271.9 billion by 2032. This growth is driven by a surge in domestic demand, with a significant increase in the consumption of mobile devices and computers in India. Additionally, the Indian government is focusing on digitization, promoting digital education and transaction methods in rural areas.

The growing significance of India in the global semiconductor landscape is reflected in substantial investments within the sector. Both domestic and international organizations have established production facilities and research centres across India. For instance, Tata Electronics has made significant investments in semiconductor manufacturing plants in Gujarat and Assam, alongside partnerships with global industry leaders like PSMC and Renesas Electronics Corporation.

Best Semiconductor Stock Based on 5Y CAGR

Name Market Cap (₹) 5Y CAGR (%)
RIR Power Electronics Ltd 1,320.19 114.09
ASM Technologies Ltd 1,336.14 99.57
Moschip Technologies Ltd 3,690.68 78.68
Dixon Technologies (India) Ltd 83,930.91 74.22
Tata Elxsi Ltd 37,123.83 43.01

Note: The stocks have been sorted based on 5Y CAGR and as of February 24, 2024

Overview of 5 Best Semiconductor Stocks

1. RIR Power Electronics Ltd 

RIR Power Electronics Ltd manufactures traditional semiconductor devices such as bridges, power modules, diodes, rectifiers and thyristors. During Q3FY25, the company’s revenue jumped 36.5% YoY to ₹20.42Cr. The company’s net profits jumped 32.14%to ₹1.48Cr.

Key Metrics:

  • Return on Equity (ROE): 16.2%
  • Return on Capital Employed (ROCE): 19.5%

2. ASM Technologies Ltd

ASM Technologies provides consulting and product development services in the areas of Engineering Services and Product The semiconductor division of ASM leverages its skills in Eastern Europe and Southeast Asia to focus on embedded engineering and VLSI design. ASM Technologies Limited signed a MoU with the Government of Karnataka. As per the MoU, the company will invest ₹ 510 crores in the state to expand its ESDM related Design-Led Manufacturing and precision

engineering capacity.

 Key Metrics:

  • ROE: -4.47%
  • ROCE: -0.83%

3. MosChip Technologies Ltd

Moschip Technologies Ltd is a semiconductor and system design company with a focus on Turnkey ASICs, Mixed Signal IP, semiconductor & product engineering, and IoT solutions. The company’s continued focus on operational efficiency during Q3FY25 has resulted in a notable improvement in profitability. This is reflected in a better Profit After Tax (PAT) margin percentage compared to the previous quarter.

 Key Metrics:

  • ROE: 5.17%
  • ROCE: 6.62%

4. Dixon Technologies (India) Ltd 

Dixon Technologies (India) Limited deals in electronic products such as consumer electronics, lighting, home appliances, closed-circuit television cameras (CCTVs), and mobile phones. During Q3FY25, Dixon Technologies reported a growth of 124% in profits to ₹217 crore; revenue jumped 117% as mobile and EMS segments contribute 89% of earnings.

Key Metrics:

  • ROE: 24.7%
  • ROCE: 29.2%

5. Tata Elxsi Ltd 

Tata Elxsi provides integrated services from research and strategy to electronics and mechanical design, software development, validation and deployment. Tata Elxs and Garuda Aerospace signed a MoU at Aero India 2025 to develop indigenous drone technologies specifically for Indian defence applications, along with agriculture, and smart cities, supporting the ‘Make in India’ initiative.

Key Metrics:

  • ROE: 34.5%
  • ROCE: 42.7%

Factors to Consider Before Investing in Semiconductor Stocks in India

Investing in semiconductor stocks in India can offer significant opportunities, but it’s essential to carefully evaluate several factors before making any decisions:

  • Financial Performance: Evaluate the financial health of semiconductor companies by analyzing key indicators like revenue growth, profitability, and debt levels. A solid balance sheet and consistent financial performance reflect a company’s potential for long-term growth and stability.
  • Stay Updated on Market Trends: The semiconductor sector is fast-evolving, shaped by global demand and technological innovations. Keep track of market trends, emerging technologies, and geopolitical factors to make well-informed investment choices.
  • Diversification Strategy: Consider diversifying your investments across various segments of the semiconductor industry, such as memory chips, processors, or semiconductor equipment.
  • Monitor Regulatory Changes: Be mindful of changes in both domestic and international regulations, as these can greatly affect the semiconductor market.

Conclusion

Semiconductor stocks present growth opportunities but also carry inherent risks. A thorough analysis of the industry, company performance, and market conditions is crucial for making well-informed investment choices. Diversifying your portfolio and staying informed about the broader economic and regulatory landscape can help reduce risks and improve the chances of a successful investment.

Inspired by what you’ve read? Take the next step and download the Angel One investment app to put your investment knowledge into practice.

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.

Do You Own SGBs? RBI Announced Premature Redemption Schedule for April-September 2025

The central bank, the Reserve Bank of India (RBI) has announced the schedule for the premature redemption of Sovereign Gold Bonds (SGBs) for the period from April 2025 to September 2025. Investors who have held their SGBs for at least 5 years from the issue date are eligible to redeem them before maturity.

Premature Redemption

  • Premature redemption is permitted after 5 years from the issue date.
  • Redemption requests must be submitted to Receiving Offices, NSDL, CDSL, or RBI Retail Direct within the designated period.
  • Redemption dates and submission windows differ based on the specific tranche.

What You Should Know as an Investor?

  • Redemption requests must be submitted within the specified window.
  • Dates for redemption may be adjusted in case of unscheduled holidays.
  • Redemptions are processed at the prevailing gold price as determined by the RBI.
  • SGBs offer tax advantages and an annual interest rate of 2.5%. However, investors seeking liquidity before maturity can utilize the premature redemption option as outlined by the RBI.

 

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.

Mid-Day Top Gainers and Losers on February 24, 2025: Dr Reddy and M&M Led Gainers

On February 24, 2025, as of 12:15 PM, the BSE Sensex was down 1.04% at 74,525.64, while the Nifty 50 was down 1% at 22,568.35. The mid-day top gainers and losers for the day are:

Mid-Day Top Gainers 

Symbol Open High Low LTP %chng
DRREDDY 1,151.80 1,172.00 1,151.00 1,169.05 1.5
M&M 2,669.00 2,712.45 2,631.15 2,699.35 1.12
EICHERMOT 4,936.00 5,025.00 4,915.55 5,015.55 1.07
NESTLEIND 2,199.00 2,235.00 2,196.05 2,232.80 0.81
TATACONSUM 990 1,011.10 990 1,008.00 0.4

Dr Reddy

Dr Reddy shares opened at ₹1,151.80, peaked at ₹1,172.00, and saw a slight rise of 1.5% to ₹1,169.05.

M&M

M&M shares started at ₹2,669.00, M&M reached ₹2,712.45 and climbed by 1.12% to ₹2,699.35.

Eicher Motors 

Eicher Motors shares opened at ₹4,936.00, hit ₹5,025.00, and rose by 1.07% to ₹5,015.55.

Nestle India 

Nestle India shares began at ₹2,199.00, and peaked at ₹2,235.00, with a moderate rise of 0.81% to ₹2,232.80. 

Tata Consumer

Tata Consumer shares opened at ₹990, reached ₹1,011.10, and gained 0.4%, closing at ₹1,008.00.

Mid-Day Top Losers

Symbol Open High Low LTP %chng
WIPRO 302.95 303.3 295.8 296.25 -3.3
HCLTECH 1,685.00 1,690.00 1,639.00 1,649.30 -3.02
INFY 1,800.05 1,808.00 1,765.00 1,765.70 -2.72
TCS 3,743.15 3,763.20 3,701.15 3,701.80 -2.22
BHARTIARTL 1,627.00 1,637.55 1,604.05 1,605.05 -2.09

Wipro  

Wipro shares opened at ₹302.95, dipped to ₹295.80, and dropped by 3.3% to ₹296.25.

HCLTech

HCLTech shares started at ₹1,685.00, and HCLTech fell to ₹1,639.00, with a decrease of 3.02%, closing at ₹1,649.30.

Infosys 

Infosys shares opened at ₹1,800.05, touched ₹1,765.00, and declined by 2.72%, closing at ₹1,765.70.

TCS

TCS shares began at ₹3,743.15, hit ₹3,701.15, and saw a 2.22% fall, closing at ₹3,701.80.

Bharti Airtel

Bharti Airtel shares opened at ₹1,627.00, dropped to ₹1,604.05, with a 2.09% fall to ₹1,605.05.

 

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.