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Top Nifty 50 Companies List

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Synopsis:

The top Nifty 50 companies include Reliance Industries, Tata Consultancy Services, HDFC Bank, Infosys, ICICI Bank, Hindustan Unilever, ITC, Bharti Airtel, Kotak Mahindra Bank, and State Bank of India.

These companies have emerged as leaders in their sectors due to their consistent performance and ability to innovate over the years. They have met the expectations of their customers by launching the best products and services. They have also helped investors earn sizeable returns over the years.
 

Some of these companies are also among the Fortune 500 companies.

What Are the Top 10 NIFTY 50 Companies?

The top 10 Nifty 50 companies are those companies that have emerged as industry leaders by consistently growing over the years. Hence, these companies can be justifiably called Nifty 50 top performers. Some of them are among Fortune 500 companies in the world. Due to their strong performance, their stock price has also increased manifold over the last decades. Hence, they have rewarded retail and institutional investors.

The top 10 Nifty 50 companies include Reliance Industries, Tata Consultancy Services, HDFC Bank, Infosys, ICICI Bank, Hindustan Unilever, ITC, Bharti Airtel, Kotak Mahindra Bank, and State Bank of India. 

What is the NIFTY 50 Index?

  • Overview of NIFTY 50: Nifty 50 is one of the two most important stock market indices in the country (BSE Sensex being the other one). Nifty 50 comprises the 50 biggest large-cap stocks, which belong to the biggest and best-performing companies in India. In fact, many Nifty 50 companies are world leaders in their respective industries. Ever since it came into being on November 3, 1995, investors have been tracking the Nifty 50 regularly to gauge the health of the Indian corporate sector.

  • Importance of NIFTY 50 in the Indian Stock Market: As already said, Nifty 50 is one of the two most important indices of the Indian stock market. By following the movements in Nifty 50, all types of investors (beginners and experienced) try to understand the performance of top Indian companies. Through the performance of these companies, investors can even form an opinion on the overall Indian economy. Often, changes in Nifty 50 levels foretell the upcoming changes in the Indian economy. Hence, apart from investors, even economists, statisticians, journalists, and businesspersons track the index actively.

Having discussed what the Nifty 50 index is, let us move to other aspects related to the best Nifty 50 stocks.

Suggested H2 - Criteria for Ranking the Top 10 NIFTY 50 Companies 

  • Market Capitalization

  • Revenue Growth

  • Profitability and Financial Health

List of Top 10 NIFTY 50 Companies

Of Nifty 50 companies list, these are the top 10 stocks:

1. Reliance Industries Ltd.

  • Overview and Key Business Areas: Reliance Industries (RIL) is a conglomerate which has diversified business interests in India with a presence in some of the key industries, such as petrochemicals, oil and gas exploration, refining, retail, and telecommunications. Apart from being the biggest private company in India, RIL is also a Fortune 500 company. It is a prominent company in the petrochemical industry. Its telecom business called “Jio” has made huge strides by providing affordable telecom and internet services to many subscribers in India. Besides, its retail business caters to a wide variety of consumers.

  • Market Performance and Stock Price Insights: RIL’s stock has underperformed the benchmark Nifty 50 by a considerable margin in 2024. Between January 1 and October 16, RIL provided a return of 4.6%, while Nifty 50 provided a return of 14.9%. This shows that RIL underperformed Nifty 50 by 10.3%, which is significant. Meanwhile, the company’s net profit fell by 2.8% on a year-on-year basis in the September 2024 quarter.

2. Tata Consultancy Services (TCS)

  • Overview and Key Business Areas: TCS is a global leader in providing a range of information-technology (IT) services, business solutions, and consulting to clients worldwide. It serves a whole range of industries, including banking, retail, healthcare, consumer goods, life sciences, and manufacturing. TCS offers services in areas including enterprise solutions, cloud computing, analytics, cognitive business operations, and cybersecurity. The company is also focusing on research and development (R&D), as it is investing in new-age technologies, like artificial intelligence (AI) and machine learning.   

  • Market Performance and Stock Price Insights: TCS’s stock has underperformed the larger market in 2024 so far. Between January 1 and October 16, 2024, TCS’s stock gave a return of 7.4%, which is much lesser than the 14.9% return provided by Nifty 50. Besides, there were instances in 2024 when Nifty 50 moved up, but TCS moved down. Meanwhile, the company’s net sales and net profit grew by 6.5% and 6.9%, respectively, on a year-on-year basis in the six months ending September 2024.

3. HDFC Bank Ltd.

  • Overview and Key Business Areas: HDFC Bank is among the top banks in India with a significant presence in both retail and corporate banking. It has one of the widest networks of branches and ATMs spread throughout the country. In retail banking, it provides various kinds of loans to individual borrowers, like car loans, housing loans, and credit cards. Besides, it provides loans to some of the largest companies in India. Apart from that, it has a significant presence in investments and insurance verticals as well.  

  • Market Performance and Stock Price Insights: HDFC Bank is a leading banking stock. However, in 2024 so far, the stock has yielded a return of just 0.1%, which is much lower than the 14.9% return provided by Nifty 50. Besides, the stock has underperformed the benchmark Nifty 50 throughout the year. The bank’s gross non-performing assets increased to 1.33% at the end of the June 2024 quarter compared to 1.24% at the end of the March 2024 quarter. Experts have expressed concerns about the bank’s rising gross NPAs.

4. Infosys Ltd.

  • Overview and Key Business Areas: Headquartered in Bangalore, Infosys is one of the leading companies in the world in IT services, consulting, and digital services. It helps clients in over 55 countries in their digital transformation journey. Infosys has more than four decades of experience in taking care of the systems of some of the top companies in the world, which gives it unique insights into the global IT space. It helps several companies with its agile digital solutions that allow them to continuously improve in the forever-changing digital ecosystem.

  • Market Performance and Stock Price Insights: Infosys’s stock has yielded a return of 23.8% since January 1, 2024, which is much better than the 14.9% return provided by Nifty 50. The company has performed well, too, at the consolidated level. Its net profit was up by 18.8% on a year-on-year basis for the six months ending June 30, 2004. Its performance has helped its stock price move up this year. Hence, it can be called as one of the Nifty 50 top performers this year.

5. ICICI Bank Ltd.

  • Overview and Key Business Areas: One of the largest private lenders in India, ICICI Bank offers a variety of banking services. In retail banking, it allows people to open current accounts and savings accounts. Further, it provides them with all kinds of loans (education, car, housing, etc.) In wholesale banking, it provides corporate loans, trade finance, and treasury management. Then, it offers several kinds of life and non-life insurance products. Besides, it also offers mutual fund services. In other words, it aims to be the one-stop shop for all kinds of financial needs of a wide variety of customers.

  • Market Performance and Stock Price Insights: Between January 1 and October 16, 2024, ICICI Bank's stock outperformed Nifty 50 by a great margin. ICICI Bank's stock provided a return of 24.4% in this duration compared to the 14.9% return generated by Nifty 50. Consequently, it has earned a place among Nifty 50 top performers. What is even more impressive is that ICICI Bank provided higher returns than the benchmark Nifty 50 pretty much throughout the year. The bank’s net profit grew by 17.5% year-on-year in the six months ending June 30, 2024, which explains the surge in its price.

6. Hindustan Unilever Ltd.

  • Overview and Key Business Areas: Hindustan Unilever is a giant in the fast-moving-consumer goods (FMCG) industry in India. With its 50 plus brands (Surf Excel, Horlicks, Dove, Red Label, etc.), the company has a commanding position in the consumer goods market in the country. Besides, millions of consumers have used Hindustan Unilever’s products for generations. Within consumer goods, the company has a presence in segments, such as beauty & personal care (Lakmé and Dove), home care (Surf Excel and Domex), and food & refreshments (Kissan, Lipton, and Knorr).

  • Market Performance and Stock Price Insights: Hindustan Unilever’s stock has had a rather muted run in 2024 so far. Between January 1 and October 16, 2024, the stock moved up by just 4.8% compared to 14.9% growth in Nifty 50. This means that Hindustan Unilever’s stock underperformed Nifty 50 by more than 10%. Even the company’s performance was muted, as its net sales and net profit grew by just 0.7% and 0.3%, respectively, in the six months ending June 2024.

7. ITC Ltd.

  • Overview and Key Business Areas: A leading conglomerate in India, ITC has a presence in many sectors, including FMCG, Hotels, Cigarettes, Packaging, and Agri Business. In FMCG, it has popular brands like Sunfeast (biscuits) and Aashirvaad (wheat flour). In hotels, it has a number of luxury hotels under the ITC Hotels brand. Then, its cigarettes, like Gold Flake and Classic, have a dominant position in the market. The company also has a huge packaging business, which provides paperboards and packaging solutions to many industries.

  • Market Performance and Stock Price Insights: ITC’s stock underperformed Nifty 50 by a huge margin in 2024. The stock provided a return of just 5.4% on a year-to-date (YTD) basis, which was 9.5% less than the return provided by Nifty 50. For the six months ending June 2024, ITC’s net sales grew by 4.7% but its net profit declined by 0.6%, which explains why its stock price has not moved up much.

8. Bharti Airtel Ltd.

  • Overview and Key Business Areas: Bharti Airtel is one of the companies behind the telecommunications revolution in India. It was one of the first companies to provide mobile services to millions of Indians in cities and in rural areas. Over the years, it has launched innovative plans and packages to woo a diverse set of customers. Besides, the company offers enterprise solutions, which includes cloud services, connectivity, and cybersecurity aimed at businesses. Its DTH business offers several TV channels and content to many subscribers. It also offers high-speed broadband through its fibre network. In 2024, Bharti Airtel has emerged as one of the Nifty 50 top performers.

  • Market Performance and Stock Price Insights: Bharti Airtel’s stock outperformed Nifty 50 by a huge margin in 2024. Between January 1 and October 16, 2024, Bharti Airtel’s stock increased by 71.2%, while Nifty 50 moved up by 14.9%. In other words, Bharti Airtel’s stock moved up by nearly five times as much as Nifty 50 in 2024. Bharti Airtel’s stock reached an all-time high on September 23, 2024, as it closed at ₹1,750. The company’s net profit grew by 18.1% in the six months ending June 2024. Besides, the experts believe that the company has good prospects going forward.

9. Kotak Mahindra Bank Ltd.

  • Overview and Key Business Areas: Kotak Mahindra Bank is a well-known bank in India, which provides services related to personal banking, corporate banking, and wealth management. Within personal banking, it provides personal loans, home loans, and it also offers savings accounts and current accounts. Within corporate banking, it provides cash management services, trade & supply chain finance. It also provides wealth management services to a wide variety of clientele.

  • Market Performance and Stock Price Insights: Kotak Mahindra Bank’s stock has fallen by 1.7% on a YTD basis. In that sense, it has underperformed Nifty 50, which has increased by 14.9%. The bank’s stock remained under pressure throughout the year, as it underperformed Nifty 50 consistently.

10. State Bank of India (SBI)

  • Overview and Key Business Areas: SBI has an extremely wide presence in India with its 22,500 branches and 63,580 ATMs/ADWMs. There is hardly an Indian who has not heard of SBI or not been inside one of its branches. Such is the level of the scale of this bank. In terms of business verticals, the bank is present in almost all of them, be it housing loans, personal loans, corporate loans, credit cards, etc. In fact, it has a leading position in many of these products. The bank has also diversified its operations through its subsidiaries, like SBI Life Insurance, SBI General Insurance, SBI Mutual Fund, SBI Card, etc. 

  • Market Performance and Stock Price Insights: SBI’s stock has had a great run in 2024 so far. The bank’s stock increased by 25.6% between January 1 and October 16, 2024. Hence, it outperformed the benchmark Nifty 50 by more than 10%. Therefore, it is one of the Nifty 50 top performers in 2024. The bank has high asset quality, as its net non-performing assets (NPA) stood at just 0.57% on June 30, 2024.

Having discussed the top stocks from the Nifty 50 companies list, let us delve deeper into this topic.

Why These Companies Dominate the NIFTY 50 Index

These companies dominate the index because they are quite simply the best Nifty 50 stocks. Now, let us elaborate on the reasons.

Industry Leadership: All of the top 10 Nifty 50 companies are leaders in their respective industries. For example, Reliance Industries is a leader in the petrochemicals industry. Likewise, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, and State Bank of India are leaders in the banking space. Infosys and TCS are leaders in the IT industry. But, it is not just leadership alone which is the point here. All these companies have been leaders in their respective industries for decades, which is what makes them special.

Consistent Growth and Innovation: To feature among the top Nifty 50 companies, a firm has to consistently grow. All the top 10 Nifty 50 companies have consistently grown and innovated over decades, which has helped them reach the position they have. For example, Reliance Industries, which diversified from petrochemicals to telecommunications by launching Jio and capturing a significant market share. Take the case of TCS which is investing in AI and technology to provide better services to its clients. Similarly, Hindustan Unilever keeps on launching interesting products for Indian consumers. Recently, the company announced that it will launch its luxury cosmetics brand, Hourglass, in the Indian market.

Now that we have discussed what makes them the best Nifty 50 stocks, let us talk about how to invest in these stocks.

How to Invest in the Top NIFTY 50 Companies    

      Steps to Buy NIFTY 50 Stocks via Demat Account: You will first need to open a demat and trading account. Then, link your trading account to your bank account. Now, you can log into the website of your broker and select the stock you intend to purchase. You can place various types of orders (market order and limit order) to buy a stock. Before placing an order, please double-check all the information and then finally place the order.

Benefits of Diversifying with NIFTY 50 Stocks: There are a few benefits of such diversification. First, it can help you de-risk your portfolio. If you invest in multiple stocks, it is possible that when one stock moves up, another moves down, and vice versa. Hence, the overall movements in your portfolio are lower than what they would have been had you invested in only one stock. Second, when you diversify by investing in Nifty 50 stocks, you choose blue-chip companies that have outperformed their competitors over the years. Hence, the probability of generating a sizeable return with such companies is quite high.

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Conclusion  

It is worth considering the top 10 stocks from the Nifty 50 companies list whether you are about to open a trading account or are a seasoned investor. The best Nifty 50 stocks belong to some of the top blue-chip companies of India with an excellent record in terms of their financial performance. Hence, they can offer a decent return over the long run. That said, before investing, you should thoroughly analyse a company and only then make an investment.

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

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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Frequently Asked Questions

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What are the NIFTY 50 companies?

Answer Field

These are the top 50 companies whose stocks comprise the benchmark Nifty 50 index. Some of these companies include Reliance Industries, Tata Consultancy Services, HDFC Bank, Infosys, etc.

What is the performance history of the top NIFTY 50 companies?

Answer Field

Most of the top Nifty 50 companies have outperformed their respective industries. For example, HDFC Bank, SBI, and ICICI Bank, which feature in Nifty 50, have performed better than their competitors over the years. Hence, even their stocks have provided better returns than those of their competitors.

Which sectors are represented in the top 10 NIFTY 50 companies?

Answer Field

Banking, Petrochemicals, IT, FMCG, and Telecom are the sectors represented by these companies.

How can I invest in the top NIFTY 50 companies?

Answer Field

You can invest in these companies by opening a demat/trading account and linking it to their bank account. After that, you just have to log in to your broker’s website to follow a simple process to invest in them.

What are the risks associated with investing in NIFTY 50 companies?

Answer Field

Investing in these companies results in an equity investment. Hence, when a stock’s price falls, then those who have bought it can suffer a loss if they sell it at a lower price.

How often is the list of NIFTY 50 companies updated?

Answer Field

This index is updated once every six months, on January 31 and July 31. This rebalancing takes place based on the performance of stocks over the previous six months.

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Bajaj Financial Securities Limited ("Bajaj Broking" or "Research Entity") is regulated by the Securities and Exchange Board of India ("SEBI") and is licensed to carry on the business of broking, depository services and related activities. There were no instances of non-compliance by Bajaj Financial Securities Limited on any matter related to the capital markets, resulting in significant and material disciplinary action during the last three years. This research report has been prepared and distributed byBajaj Financial Securities Limited in the capacity of a Research Analyst as per Regulation 22(1) of SEBI (Research Analysts) Regulations 2014 having SEBI Registration No. INH000010043. 

DISCLAIMER

This e-mail/ short message service (SMS) may contain confidential, proprietary or legally privileged information. It should not be used by anyone who is not the original intended recipient. If you have erroneously received this message, please delete it immediately and notify the sender. The recipient acknowledges thatBajaj Financial Securities Limited or its holding and/or associated companies, as the case may be, are unable to exercise control or ensure or guarantee the integrity of/over the contents of the information contained in e-mail /SMS transmissions and further acknowledges that any views expressed in this message are those of the individual sender and no binding nature of the message shall be implied or assumed unless the sender does so expressly with due authority of Bajaj Financial Securities Limited. This message is not intended as an offer or publication or solicitation for distribution for subscription of or purchase or sale of any securities or financial instrument(s) to anyone in whose jurisdiction such subscription etc. requires prior local regulatory clearance or is contrary to the local laws of the land in any manner or as an official confirmation of any transaction. Before opening any attachments, please check them for viruses and defects. 

This service / information is strictly confidential and is being furnished to you solely for your information. This information should not be reproduced or redistributed or passed on directly or indirectly in any form to any other person or published, copied, in whole or in part, for any purpose unless otherwise expressly authorised. This service / information is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subjectBajaj Financial Securities Limited and affiliates/ group/holding companies to any registration or licensing requirements within such jurisdiction. The distribution of this document in certain jurisdictions may be restricted by law, and persons in whose possession this document comes, should inform themselves about and observe any such restrictions.  

The data would be provided to the clients on an "as is" and "where-is" basis, without any warranty. Bajaj Financial Securities Limited or its subsidiaries and associated companies shall not be liable for any delay or any other interruption which may occur in providing the data due to any reason including network (Internet) reasons or snags in the system, breakdown of the system or any other equipment, server breakdown, maintenance shutdown, breakdown of communication services or inability of the Bajaj Financial Securities Limited or its subsidiaries and associated companies to provide the data. In no event shall the Bajaj Financial Securities Limited or its holding and associated companies be liable for any damages, including without limitation direct or indirect, special, incidental, or consequential damages, losses or expenses arising in connection with the data provided by the Bajaj Financial Securities Limited or its holding and associated companies.

ADDITIONAL DISCLAIMER FOR U.S. PERSONS

Bajaj Financial Securities Limited is not a registered broker-dealer under the U.S. Securities Exchange Act of 1934, as amended (the"1934 act") and under applicable state laws in the United States. In addition, Bajaj Financial Securities Limited is not a registered investment adviser under the U.S. Investment Advisers Act of 1940, as amended (the "Advisers Act" and together with the 1934 Act, the "Acts), and under applicable state laws in the United States. Accordingly, in the absence of specific exemption under the Acts, any brokerage and investment services provided by Bajaj Financial Securities Limited, including the products and services described herein are not available to or intended for U.S. persons. This email message does not constitute an offer or invitation to purchase or subscribe for any securities or solicitation of any investments or investment services and/or shall not be considered as an advertisement tool. "U.S. Persons" are generally defined as a natural person, residing in the United States or any entity organized or incorporated under the laws of the United States. US Citizens living abroad may also be deemed "US Persons" under certain rules.  

ADDITIONAL DISCLAIMER FOR CANADIAN PERSONS

Bajaj Financial Securities Limited is not a registered adviser or dealer under applicable Canadian securities laws nor has it obtained an exemption from the adviser and/or dealer registration requirements under such law. Accordingly, any brokerage and investment services provided by Bajaj Financial Securities Limited, including the products and services described herein are not available to or intended for Canadian persons.  

This mailer and its respective contents do not constitute an offer or invitation to purchase or subscribe for any securities or solicitation of any investments or investment services.  

DISCLAIMER FOR REPORT

DISCLOSURES UNDER THE PROVISIONS OF SEBI (RESEARCH ANALYSTS) REGULATIONS 2014 (REGULATIONS)

Bajaj Financial Securities Limited ("Bajaj Broking" or "Research Entity") is regulated by the Securities and Exchange Board of India ("SEBI") and is licensed to carry on the business of broking, depository services and related activities.  

This Report has been prepared by Bajaj Financial Securities Limited in the capacity of a Research Analyst having SEBI Registration No. INH000010043 and distributed as per SEBI (Research Analysts) Regulations 2014. This report does not constitute an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. The information contained herein is from publicly available data or other sources believed to be reliable. This report is provided for assistance only and is not intended to be and must not alone be taken as the basis for an investment decision. The user assumes the entire risk of any use made of this information. Each recipient of this report should make such investigation as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document (including the merits and risks involved), and should consult his own advisors to determine the merits and risks of such investment. The investment discussed or views expressed may not be suitable for all investors.  

This information is strictly confidential and is being furnished to you solely for your information. This information should not be reproduced or redistributed or passed on directly or indirectly in any form to any other person or published, copied, in whole or in part, for any purpose. This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subject Bajaj Financial Securities Limited and associates / group companies to any registration or licensing requirements within such jurisdiction. The distribution of this report in certain jurisdictions may be restricted by law, and persons in whose possession this report comes, should observe, any such restrictions. The information given in this report is as of the date of this report and there can be no assurance that future results or events will be consistent with this information. This information is subject to change without any prior notice. Bajaj Financial Securities Limited reserves the right to make modifications and alterations to this statement as may be required from time to time. Bajaj Financial Securities Limited or any of its associates / group companies shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report. Bajaj Financial Securities Limited is committed to providing independent and transparent recommendation to its clients. Neither Bajaj Financial Securities Limited nor any of its associates, group companies, directors, employees, agents or representatives shall be liable for any damages whether direct, indirect, special or consequential including loss of revenue or lost profits that may arise from or in connection with the use of the information. Our proprietary trading and investment businesses may make investment decisions that are inconsistent with the recommendations expressed herein. Past performance is not necessarily a guide to future performance .The disclosures of interest statements incorporated in this report are provided solely to enhance the transparency and should not be treated as endorsement of the views expressed in the report. The information provided in these reports remains, unless otherwise stated, the copyright of Bajaj Financial Securities Limited. All layout, design, original artwork, concepts and other Intellectual Properties, remains the property and copyright of Bajaj Financial Securities Limited and may not be used in any form or for any purpose whatsoever by any party without the express written permission of the copyright holders.  

We offer our research services to clients as well as our prospects. Though this report is disseminated to all the customers simultaneously, not all customers may receive this report at the same time. We will not treat recipients as customers by virtue of their receiving this report.  

Bajaj Financial Securities Limited and its associates, officer, directors, and employees, research analyst (including relatives) worldwide may: (a) from time to time, have long or short positions in, and buy or sell the securities thereof, of company(ies), mentioned herein or (b) be engaged in any other transaction involving such securities and earn brokerage or other compensation or act as a market maker in the financial instruments of the subject company/company(ies) discussed herein or act as advisor or lender/borrower to such company(ies) or have other potential/material conflict of interest with respect to any recommendation and related information and opinions at the time of publication of research report or at the time of public appearance. Bajaj Financial Securities Limited may have proprietary long/short position in the above-mentioned scrip(s) and therefore should be considered as interested. The views provided herein are general in nature and do not consider risk appetite or investment objective of any particular investor; readers are requested to take independent professional advice before investing. This should not be construed as invitation or solicitation to do business with Bajaj Financial Securities Limited.  

Bajaj Financial Securities Limited or its associates may have received compensation from the subject company in the past 12 months. Bajaj Financial Securities Limited or its associates may have managed or co-managed public offering of securities for the subject company in the past 12 months. Bajaj Financial Securities Limited or its associates may have received compensation for investment banking or merchant banking or brokerage services from the subject company in the past 12 months. Bajaj Financial Securities Limited or its associates may have received any compensation for products or services other than investment banking or merchant banking or brokerage services from the subject company in the past 12 months. Bajaj Financial Securities Limited or its associates have not received any compensation or other benefits from the Subject Company or third party in connection with the research report. Research analyst or his/her relative or Bajaj Financial Securities Limited’s associates may have financial interest in the subject company. Bajaj Financial Securities Limited, its associates, research analyst and his/her relative may have other potential/material conflict of interest with respect to any recommendation and related information and opinions at the time of publication of research report or at the time of public appearance.  

Research analyst has served as an officer, director or employee of subject Company: No  

Bajaj Financial Securities Limited has financial interest in the subject companies: No  

Bajaj Financial Securities Limited’s Associates may have actual/beneficial ownership of 1% or more securities of the subject company at the end of the month immediately preceding the date of publication of research report.  

Research analyst or his/her relative has actual/beneficial ownership of 1% or more securities of the subject company at the end of the month immediately preceding the date of publication of research report: No  

Bajaj Financial Securities Limited has actual/beneficial ownership of 1% or more securities of the subject company at the end of the month immediately preceding the date of publication of research report: No  

Subject company may have been client during twelve months preceding the date of distribution of the research report.  

There were no instances of non-compliance by Bajaj Financial Securities Limited on any matter related to the capital markets, resulting in significant and material disciplinary action during the last three years. A graph of daily closing prices of the securities is also available at https://www.nseindia.com/

ANALYST CERTIFICATION

The analyst for this report certifies that all of the views expressed in this report accurately reflect his or her personal views about the subject company or companies and its or their securities, and no part of his or her compensation was, is or will be, directly or indirectly related to specific recommendations or views expressed in this report.  

RISK DISCLOSURE ON DERIVATIVES

  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to ₹ 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.

SEBI study dated January 25, 2023 on “Analysis of Profit and Loss of Individual Traders dealing in equity Futures and Options (F&O) Segment”, wherein Aggregate Level findings are based on annual Profit/Loss incurred by individual traders in equity F&O during FY 2021-22.

BROKERAGE DISCLAIMER

All leveraged intraday positions will be squared off on the same day. There is no restriction on the withdrawal of the unutilised margin amount. Brokerage will not exceed the SEBI prescribed limit. Visit : https://www.bajajbroking.in/pricing

MTF 

As subject to the provisions of SEBI Circular CIR/MRD/DP/54/2017 dated June 13, 2017, and the terms and conditions mentioned in the lights and obligations statement issued by the TM (if applicable).  

US INVESTING

International investment is not supervised by any regulatory body in India. Thus, any claim or dispute relating to such investment or enforcement of any agreement/contract /claim will not be under laws and regulations of the recognized stock exchanges and investor protection under Indian Securities Law. The account opening process will be carried out on Vested platform and Bajaj Financial Securities Limited will not have any role in it.  

MARKETSMITH / GOLDENPI / SOVEREIGN GOLD BONDS

Bajaj Financial Securities Limited is only distributor of this product. These are not exchange traded products and all disputes with respect to the distribution activity, would not have access to exchange investor redressal forum or Arbitration mechanism. Bajaj Financial Securities Limited is not a registered Investment Advisory. User discretion is required before investing. Client is requested to independently evaluate and/or consult their professional advisors before arriving at any conclusion to make any investment. The decision to invest shall be the sole responsibility of the Client and shall not hold Bajaj Financial Securities Limited, its employees and associates responsible for any losses, damages of any type whatsoever. 

IPO 

This should not be construed as soliciting investment. Investors’ discretion is required. Kindly consult your financial expert before investing. No need to issue cheques by investors while subscribing to IPO. Investments in securities markets are subject to market risks, read all the related documents carefully before investing.  

SCREENERS 

Screeners is not Exchange-approved products and any disputes related to the same will not be dealt on the Exchange platform. 

SECURITIES 

Securities quoted are exemplary and not recommendatory. 

IPV 

Account would be open after all procedure relating to IPV and client due diligence is completed. 

IMAGES 

The images used are only for representation purpose. Proper due diligence has been done for the images and the image is not of any artist. The same is captured from royalty free sites. 

DISCLOSURE TO CLIENTS REGARDING PAYOUT OF FUNDS

As per SEBI circular no. SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/84 dated June 08, 2023, Stockbrokers are required to upstream the entire client funds lying with them to the Clearing Corporation. Based on client’s request the funds’ release request must be placed with the Clearing Corporation. Based on the internal process and cut-off timelines of the Clearing Corporation the funds will be released to the Stock Broker. In view of this new process, as specified by the regulatory and the cut-off time of Clearing Corporation/Banks processing the funds, Bajaj Financial Securities Limited cannot commit the exact time for releasing funds payout to its client. Clients are requested to note that, Bajaj Financial Securities Limited will not be responsible for any inconvenience caused to clients due to delay in release of funds payout, including fines, delayed charges, defaults, etc.