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Last Updated on: 01 July, 2025
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo
Stock Ticker - BSE: 511628 | NSE: FEDDERSHOL

Fedders Holding Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: June 25, 2025, 10:18 am

Market Cap 982 Cr.
Current Price 48.8
High / Low 130/41.0
Stock P/E26.0
Book Value 31.2
Dividend Yield0.00 %
ROCE7.55 %
ROE7.25 %
Face Value 1.00
PEG Ratio0.85

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Fedders Holding Ltd

Competitors of Fedders Holding Ltd

Stock Name Market Cap Current Price High / Low Stock P/E Book Value Dividend Yield ROCE ROE Face Value
Minolta Finance Ltd 15.6 Cr. 1.56 1.91/0.681,560 1.070.00 %0.40 %0.09 % 1.00
Money Masters Leasing & Finance Ltd 14.0 Cr. 1.39 19.5/1.0627.4 1.570.00 %2.44 %3.58 % 1.00
Moneyboxx Finance Ltd 603 Cr. 184 373/158482 79.80.00 %8.73 %0.58 % 10.0
Moongipa Capital Finance Ltd 18.2 Cr. 19.9 41.0/18.013.2 24.90.00 %15.0 %9.43 % 10.0
Morarka Finance Ltd 52.1 Cr. 116 191/95.018.6 2125.19 %2.46 %2.17 % 10.0
Industry Average27,525.53 Cr484.8188.12498.760.24%15.71%8.59%8.48

All Competitor Stocks of Fedders Holding Ltd

Quarterly Result

MetricDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
Sales 0.5725.190.3920.4724.9155.5674.11123.67187.72139.62142.0185.1188.74
Expenses 0.0515.910.0817.9426.8051.6173.28112.69148.95136.36123.9188.0388.55
Operating Profit 0.529.280.312.53-1.893.950.8310.9838.773.2618.10-2.920.19
OPM % 91.23%36.84%79.49%12.36%-7.59%7.11%1.12%8.88%20.65%2.33%12.75%-3.43%0.21%
Other Income 0.2361.680.025.214.298.376.6024.685.1511.583.7513.105.02
Interest 0.120.210.040.040.060.270.750.581.071.831.021.810.89
Depreciation 0.090.570.070.510.530.490.500.540.660.690.680.770.71
Profit before tax 0.5470.180.227.191.8111.566.1834.5442.1912.3220.157.603.61
Tax % 20.37%-2.44%31.82%0.28%1.10%-7.09%11.49%1.22%0.71%0.97%0.05%9.08%-11.63%
Net Profit 0.4371.900.157.161.8012.395.4534.1541.8612.2320.156.914.03
EPS in Rs 0.1220.540.042.050.513.540.643.484.231.231.690.340.20

Last Updated: March 3, 2025, 11:52 pm

Below is a detailed analysis of the quarterly data for Fedders Holding Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

  • For Sales, as of Dec 2024, the value is 88.74 Cr.. The value appears strong and on an upward trend. It has increased from 85.11 Cr. (Sep 2024) to 88.74 Cr., marking an increase of 3.63 Cr..
  • For Expenses, as of Dec 2024, the value is 88.55 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 88.03 Cr. (Sep 2024) to 88.55 Cr., marking an increase of 0.52 Cr..
  • For Operating Profit, as of Dec 2024, the value is 0.19 Cr.. The value appears strong and on an upward trend. It has increased from -2.92 Cr. (Sep 2024) to 0.19 Cr., marking an increase of 3.11 Cr..
  • For OPM %, as of Dec 2024, the value is 0.21%. The value appears strong and on an upward trend. It has increased from -3.43% (Sep 2024) to 0.21%, marking an increase of 3.64%.
  • For Other Income, as of Dec 2024, the value is 5.02 Cr.. The value appears to be declining and may need further review. It has decreased from 13.10 Cr. (Sep 2024) to 5.02 Cr., marking a decrease of 8.08 Cr..
  • For Interest, as of Dec 2024, the value is 0.89 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 1.81 Cr. (Sep 2024) to 0.89 Cr., marking a decrease of 0.92 Cr..
  • For Depreciation, as of Dec 2024, the value is 0.71 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 0.77 Cr. (Sep 2024) to 0.71 Cr., marking a decrease of 0.06 Cr..
  • For Profit before tax, as of Dec 2024, the value is 3.61 Cr.. The value appears to be declining and may need further review. It has decreased from 7.60 Cr. (Sep 2024) to 3.61 Cr., marking a decrease of 3.99 Cr..
  • For Tax %, as of Dec 2024, the value is -11.63%. The value appears to be improving (decreasing) as expected. It has decreased from 9.08% (Sep 2024) to -11.63%, marking a decrease of 20.71%.
  • For Net Profit, as of Dec 2024, the value is 4.03 Cr.. The value appears to be declining and may need further review. It has decreased from 6.91 Cr. (Sep 2024) to 4.03 Cr., marking a decrease of 2.88 Cr..
  • For EPS in Rs, as of Dec 2024, the value is 0.20. The value appears to be declining and may need further review. It has decreased from 0.34 (Sep 2024) to 0.20, marking a decrease of 0.14.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: June 16, 2025, 12:49 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Sales 45910876596132542425
Expenses 4346434278112471408
Operating Profit 0164442318207117
OPM % 3%25%60%43%54%62%37%57%19%15%13%4%
Other Income 0001100074323131
Interest 003442102046
Depreciation 0000000010223
Profit before tax 01311223748209539
Tax % 37%28%21%33%45%29%28%39%-0%-4%2%3%
Net Profit 01211212750219438
EPS in Rs 0.030.220.570.250.210.450.310.4916.375.929.461.87
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)100.00%-50.00%0.00%100.00%-50.00%100.00%37400.00%-97.20%347.62%-59.57%
Change in YoY Net Profit Growth (%)0.00%-150.00%50.00%100.00%-150.00%150.00%37300.00%-37497.20%444.82%-407.19%

Fedders Holding Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2015-2016 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:58%
5 Years:133%
3 Years:64%
TTM:-22%
Compounded Profit Growth
10 Years:48%
5 Years:104%
3 Years:157%
TTM:-48%
Stock Price CAGR
10 Years:34%
5 Years:74%
3 Years:89%
1 Year:-43%
Return on Equity
10 Years:9%
5 Years:11%
3 Years:12%
Last Year:7%

Last Updated: Unknown

No data available for the Balance Sheet data table.

Reserves and Borrowings Chart

Cash Flow

MonthMonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity +-27-2-43-2-3-46-11-64-18-109-237
Cash from Investing Activity +28-120-51316-104434-82944
Cash from Financing Activity +-0732-3-10-126-22998101193
Net Cash Flow0410-1100210-21-3-0-0

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days00003023429414917896174
Inventory Days33089291824
Days Payable0543836
Cash Conversion Cycle3300030234294184169111192
Working Capital Days3,2492671072,0352,0912,6001,3123,079279306201422
ROCE %0%2%7%6%6%6%3%5%27%9%21%8%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
Promoters57.28%57.28%58.41%58.41%60.07%62.69%63.07%63.07%64.13%65.91%65.91%65.91%
FIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.10%0.06%0.06%0.06%
Public42.72%42.71%41.58%41.58%39.92%37.29%36.93%36.93%35.76%34.04%34.03%34.02%
No. of Shareholders1,3901,4421,4381,4901,5051,6051,7012,6742,6196,8298,3748,386

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund.

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 1.0010.0010.0010.0010.00
Basic EPS (Rs.) 2.54102.2659.172.764.85
Diluted EPS (Rs.) 2.54102.2659.172.764.85
Cash EPS (Rs.) 2.0177.4065.083.427.22
Book Value[Excl.RevalReserv]/Share (Rs.) 30.86334.51665.37181.65178.89
Book Value[Incl.RevalReserv]/Share (Rs.) 30.86334.51665.37181.65178.89
Revenue From Operations / Share (Rs.) 20.87423.00329.517.0312.06
PBDIT / Share (Rs.) 2.3580.8464.195.8511.07
PBIT / Share (Rs.) 2.1978.9258.285.1610.79
PBT / Share (Rs.) 1.9176.7157.133.859.97
Net Profit / Share (Rs.) 1.8575.4759.172.736.94
NP After MI And SOA / Share (Rs.) 1.8575.4459.172.764.85
PBDIT Margin (%) 11.2719.1119.4783.2791.76
PBIT Margin (%) 10.4918.6517.6873.4489.47
PBT Margin (%) 9.1718.1317.3354.8482.65
Net Profit Margin (%) 8.8617.8417.9538.8457.54
NP After MI And SOA Margin (%) 8.8617.8317.9539.2340.18
Return on Networth / Equity (%) 5.9922.688.891.512.70
Return on Capital Employeed (%) 6.9622.938.232.815.98
Return On Assets (%) 5.0218.786.981.382.37
Total Debt / Equity (X) 0.120.130.140.030.06
Asset Turnover Ratio (%) 0.681.320.620.030.05
Current Ratio (X) 5.295.302.745.207.62
Quick Ratio (X) 5.075.022.595.207.62
Inventory Turnover Ratio (X) 1.2431.310.000.000.00
Interest Coverage Ratio (X) 8.6123.8055.634.4813.45
Interest Coverage Ratio (Post Tax) (X) 7.7822.8652.293.099.43
Enterprise Value (Cr.) 985.85816.36164.014.5910.57
EV / Net Operating Revenue (X) 2.351.551.421.862.50
EV / EBITDA (X) 20.818.137.302.242.73
MarketCap / Net Operating Revenue (X) 2.331.571.1711.454.59
Price / BV (X) 1.572.000.570.440.30
Price / Net Operating Revenue (X) 2.331.571.1711.454.59
EarningsYield 0.030.110.150.030.08

After reviewing the key financial ratios for Fedders Holding Ltd, here is a detailed analysis based on the latest available data and recent trends:

  • For FaceValue, as of Mar 25, the value is 1.00. This value is within the healthy range. It has decreased from 10.00 (Mar 24) to 1.00, marking a decrease of 9.00.
  • For Basic EPS (Rs.), as of Mar 25, the value is 2.54. This value is below the healthy minimum of 5. It has decreased from 102.26 (Mar 24) to 2.54, marking a decrease of 99.72.
  • For Diluted EPS (Rs.), as of Mar 25, the value is 2.54. This value is below the healthy minimum of 5. It has decreased from 102.26 (Mar 24) to 2.54, marking a decrease of 99.72.
  • For Cash EPS (Rs.), as of Mar 25, the value is 2.01. This value is below the healthy minimum of 3. It has decreased from 77.40 (Mar 24) to 2.01, marking a decrease of 75.39.
  • For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 30.86. It has decreased from 334.51 (Mar 24) to 30.86, marking a decrease of 303.65.
  • For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 30.86. It has decreased from 334.51 (Mar 24) to 30.86, marking a decrease of 303.65.
  • For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 20.87. It has decreased from 423.00 (Mar 24) to 20.87, marking a decrease of 402.13.
  • For PBDIT / Share (Rs.), as of Mar 25, the value is 2.35. This value is within the healthy range. It has decreased from 80.84 (Mar 24) to 2.35, marking a decrease of 78.49.
  • For PBIT / Share (Rs.), as of Mar 25, the value is 2.19. This value is within the healthy range. It has decreased from 78.92 (Mar 24) to 2.19, marking a decrease of 76.73.
  • For PBT / Share (Rs.), as of Mar 25, the value is 1.91. This value is within the healthy range. It has decreased from 76.71 (Mar 24) to 1.91, marking a decrease of 74.80.
  • For Net Profit / Share (Rs.), as of Mar 25, the value is 1.85. This value is below the healthy minimum of 2. It has decreased from 75.47 (Mar 24) to 1.85, marking a decrease of 73.62.
  • For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 1.85. This value is below the healthy minimum of 2. It has decreased from 75.44 (Mar 24) to 1.85, marking a decrease of 73.59.
  • For PBDIT Margin (%), as of Mar 25, the value is 11.27. This value is within the healthy range. It has decreased from 19.11 (Mar 24) to 11.27, marking a decrease of 7.84.
  • For PBIT Margin (%), as of Mar 25, the value is 10.49. This value is within the healthy range. It has decreased from 18.65 (Mar 24) to 10.49, marking a decrease of 8.16.
  • For PBT Margin (%), as of Mar 25, the value is 9.17. This value is below the healthy minimum of 10. It has decreased from 18.13 (Mar 24) to 9.17, marking a decrease of 8.96.
  • For Net Profit Margin (%), as of Mar 25, the value is 8.86. This value is within the healthy range. It has decreased from 17.84 (Mar 24) to 8.86, marking a decrease of 8.98.
  • For NP After MI And SOA Margin (%), as of Mar 25, the value is 8.86. This value is within the healthy range. It has decreased from 17.83 (Mar 24) to 8.86, marking a decrease of 8.97.
  • For Return on Networth / Equity (%), as of Mar 25, the value is 5.99. This value is below the healthy minimum of 15. It has decreased from 22.68 (Mar 24) to 5.99, marking a decrease of 16.69.
  • For Return on Capital Employeed (%), as of Mar 25, the value is 6.96. This value is below the healthy minimum of 10. It has decreased from 22.93 (Mar 24) to 6.96, marking a decrease of 15.97.
  • For Return On Assets (%), as of Mar 25, the value is 5.02. This value is within the healthy range. It has decreased from 18.78 (Mar 24) to 5.02, marking a decrease of 13.76.
  • For Total Debt / Equity (X), as of Mar 25, the value is 0.12. This value is within the healthy range. It has decreased from 0.13 (Mar 24) to 0.12, marking a decrease of 0.01.
  • For Asset Turnover Ratio (%), as of Mar 25, the value is 0.68. It has decreased from 1.32 (Mar 24) to 0.68, marking a decrease of 0.64.
  • For Current Ratio (X), as of Mar 25, the value is 5.29. This value exceeds the healthy maximum of 3. It has decreased from 5.30 (Mar 24) to 5.29, marking a decrease of 0.01.
  • For Quick Ratio (X), as of Mar 25, the value is 5.07. This value exceeds the healthy maximum of 2. It has increased from 5.02 (Mar 24) to 5.07, marking an increase of 0.05.
  • For Inventory Turnover Ratio (X), as of Mar 25, the value is 1.24. This value is below the healthy minimum of 4. It has decreased from 31.31 (Mar 24) to 1.24, marking a decrease of 30.07.
  • For Interest Coverage Ratio (X), as of Mar 25, the value is 8.61. This value is within the healthy range. It has decreased from 23.80 (Mar 24) to 8.61, marking a decrease of 15.19.
  • For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 7.78. This value is within the healthy range. It has decreased from 22.86 (Mar 24) to 7.78, marking a decrease of 15.08.
  • For Enterprise Value (Cr.), as of Mar 25, the value is 985.85. It has increased from 816.36 (Mar 24) to 985.85, marking an increase of 169.49.
  • For EV / Net Operating Revenue (X), as of Mar 25, the value is 2.35. This value is within the healthy range. It has increased from 1.55 (Mar 24) to 2.35, marking an increase of 0.80.
  • For EV / EBITDA (X), as of Mar 25, the value is 20.81. This value exceeds the healthy maximum of 15. It has increased from 8.13 (Mar 24) to 20.81, marking an increase of 12.68.
  • For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 2.33. This value is within the healthy range. It has increased from 1.57 (Mar 24) to 2.33, marking an increase of 0.76.
  • For Price / BV (X), as of Mar 25, the value is 1.57. This value is within the healthy range. It has decreased from 2.00 (Mar 24) to 1.57, marking a decrease of 0.43.
  • For Price / Net Operating Revenue (X), as of Mar 25, the value is 2.33. This value is within the healthy range. It has increased from 1.57 (Mar 24) to 2.33, marking an increase of 0.76.
  • For EarningsYield, as of Mar 25, the value is 0.03. This value is below the healthy minimum of 5. It has decreased from 0.11 (Mar 24) to 0.03, marking a decrease of 0.08.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Fedders Holding Ltd as of July 1, 2025 is: 47.99

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of July 1, 2025, Fedders Holding Ltd is Overvalued by 1.66% compared to the current share price 48.80

Intrinsic Value of Fedders Holding Ltd as of July 1, 2025 is: 62.73

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of July 1, 2025, Fedders Holding Ltd is Undervalued by 28.55% compared to the current share price 48.80

Last 5 Year EPS CAGR: 30.72%

*Investments are subject to market risks

Strength and Weakness

Unable to fetch valid data for stock valuation.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Fedders Holding Ltd:
    1. Net Profit Margin: 8.86%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 6.96% (Industry Average ROCE: 15.71%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 5.99% (Industry Average ROE: 8.59%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 7.78
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 5.07
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 26 (Industry average Stock P/E: 88.12)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.12
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Fedders Holding Ltd. is a Public Limited Listed company incorporated on 22/10/1991 and has its registered office in the State of Delhi, India. Company's Corporate Identification Number(CIN) is L74140UP1991PLC201030 and registration number is 340407. Currently Company is involved in the business activities of Activities auxiliary to financial service activities. Company's Total Operating Revenue is Rs. 0.95 Cr. and Equity Capital is Rs. 20.37 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Non-Banking Financial Company (NBFC)C-15, RDC, Raj Nagar, Ghaziabad Delhi 201001imcapitalscompliances@gmail.com
http://www.imcapitals.com
Management
NamePosition Held
Mr. Vishal SinghalChairman & Wholetime Director
Mr. Akshay ParmarDirector
Ms. Rahul ChaudharyDirector
Ms. Tanya SinghalDirector
FAQ: Stock data is invalid or not in the correct format.
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Fedders Holding Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE