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Last Updated on: 12 March, 2025
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo
Stock Ticker - BSE: 532814 | NSE: INDIANB

Indian Bank: Share Price Analysis, Intrinsic Value & Fundamentals (2025)

Share Price and Basic Stock Data

Last Updated: March 8, 2025, 1:46 pm

Market Cap 71,409 Cr.
Current Price 530
High / Low 633/467
Stock P/E6.75
Book Value 0.00
Dividend Yield2.26 %
ROCE5.92 %
ROE15.4 %
Face Value 10.0
PEG Ratio0.00

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

View Share Price Target for Indian Bank

Competitors of Indian Bank

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Union Bank of India 89,909 Cr. 118 172/1015.50 1473.06 %6.55 %15.6 % 10.0
UCO Bank 44,763 Cr. 37.4 62.4/34.019.3 24.00.75 %5.34 %6.22 % 10.0
State Bank of India (SBI) 6,53,952 Cr. 733 912/6808.24 5381.87 %6.16 %17.3 % 1.00
Punjab National Bank 1,04,781 Cr. 91.2 143/85.56.22 1141.65 %5.46 %8.54 % 2.00
Punjab & Sind Bank 28,229 Cr. 41.6 73.6/37.033.5 17.40.48 %5.59 %3.88 % 10.0
Industry Average112,242.31 Cr165.3511.5796.471.95%22.60%12.68%7.46

All Competitor Stocks of Indian Bank

Quarterly Result

MetricDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
Revenue9,9309,84910,16610,72811,83612,25513,05013,76414,20314,63315,04115,36915,770
Interest 5,5305,5785,6206,0266,3356,7367,3468,0038,3838,6098,8619,1549,345
Expenses 5,3025,1434,9225,0985,8606,2025,1615,1505,1585,3784,9945,1445,102
Financing Profit-901-872-376-396-359-6835436116616461,1861,0721,323
Financing Margin %-9%-9%-4%-4%-3%-6%4%4%5%4%8%7%8%
Other Income 1,7151,7071,7321,9871,9262,1611,8712,1662,1132,4322,0772,6022,397
Depreciation 0000000000000
Profit before tax 8148351,3561,5901,5671,4772,4152,7772,7743,0783,2633,6743,721
Tax % 13%-19%10%22%10%1%29%28%23%27%26%25%23%
Net Profit 7331,0251,3111,2881,4551,5201,8502,0692,2072,2962,5712,8012,910
EPS in Rs 5.878.2210.5310.3411.6812.2014.8516.6116.3717.0419.0820.7921.60
Gross NPA %9.13%8.47%8.13%7.30%6.53%5.95%5.47%4.97%4.47%3.95%3.77%3.48%3.26%
Net NPA %2.72%2.27%2.12%1.50%1.00%0.90%0.70%0.60%0.53%0.43%0.39%0.27%0.21%

Last Updated: March 3, 2025, 3:48 pm

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

  • For Interest, as of Dec 2024, the value is ₹9,345.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 9,154.00 Cr. (Sep 2024) to ₹9,345.00 Cr., marking an increase of ₹191.00 Cr..
  • For Expenses, as of Dec 2024, the value is ₹5,102.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 5,144.00 Cr. (Sep 2024) to ₹5,102.00 Cr., marking a decrease of 42.00 Cr..
  • For Other Income, as of Dec 2024, the value is ₹2,397.00 Cr.. The value appears to be declining and may need further review. It has decreased from 2,602.00 Cr. (Sep 2024) to ₹2,397.00 Cr., marking a decrease of 205.00 Cr..
  • For Depreciation, as of Dec 2024, the value is ₹0.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 0.00 Cr..
  • For Profit before tax, as of Dec 2024, the value is ₹3,721.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,674.00 Cr. (Sep 2024) to ₹3,721.00 Cr., marking an increase of ₹47.00 Cr..
  • For Tax %, as of Dec 2024, the value is 23.00%. The value appears to be improving (decreasing) as expected. It has decreased from 25.00% (Sep 2024) to 23.00%, marking a decrease of 2.00%.
  • For Net Profit, as of Dec 2024, the value is ₹2,910.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,801.00 Cr. (Sep 2024) to ₹2,910.00 Cr., marking an increase of ₹109.00 Cr..
  • For EPS in Rs, as of Dec 2024, the value is 21.60. The value appears strong and on an upward trend. It has increased from ₹20.79 (Sep 2024) to 21.60, marking an increase of ₹0.81.

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: March 7, 2025, 7:57 pm

MetricMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Revenue13,89815,24915,85316,24416,03917,11519,18221,40139,10838,88844,98555,65060,813
Interest 9,36710,88711,39011,79510,89110,85112,16713,79823,43922,12924,71732,34135,968
Expenses 3,9014,1584,2195,1286,1446,9988,2899,23818,02920,28521,57720,34220,618
Financing Profit629204245-679-996-734-1,273-1,634-2,360-3,526-1,3092,9674,227
Financing Margin %5%1%2%-4%-6%-4%-7%-8%-6%-9%-3%5%7%
Other Income 1,2901,3781,3721,7892,2222,4171,8913,3266,1117,3807,8048,5829,509
Depreciation 921051391511662372593146376015325310
Profit before tax 1,8271,4761,4789581,0601,4453591,3773,1153,2535,96311,01713,736
Tax % 13%21%31%25%-33%13%11%45%3%-23%11%26%
Net Profit 1,6101,1891,0517521,4551,3113818623,1514,1445,5748,42310,579
EPS in Rs 37.4525.5821.8415.6430.2527.297.9114.1527.8833.2644.7462.5178.51
Dividend Payout % 18%18%19%10%20%0%0%0%7%20%19%19%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)-26.15%-11.61%-28.45%93.48%-9.90%-70.94%126.25%265.55%31.51%34.51%51.11%
Change in YoY Net Profit Growth (%)0.00%14.54%-16.84%121.93%-103.38%-61.04%197.18%139.30%-234.03%2.99%16.60%

Indian Bank has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:14%
5 Years:24%
3 Years:12%
TTM:14%
Compounded Profit Growth
10 Years:22%
5 Years:86%
3 Years:39%
TTM:38%
Stock Price CAGR
10 Years:11%
5 Years:56%
3 Years:51%
1 Year:-1%
Return on Equity
10 Years:10%
5 Years:11%
3 Years:13%
Last Year:15%

Last Updated: Unknown

Balance Sheet

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital 4304654804804804804806091,1291,2451,2451,347
Reserves 11,26313,55914,54916,01016,95418,23519,23522,15938,32943,70648,26158,901
Borrowings 145,230167,219171,850181,768195,117228,022254,178281,015562,793610,788643,216711,096
Other Liabilities 6,0306,1456,1565,6835,9576,2446,4946,35923,28518,35620,61224,365
Total Liabilities 162,953187,388193,036203,941218,507252,981280,388310,141625,535674,096713,334795,709
Fixed Assets 1,6962,9352,9693,5083,4363,4213,9643,8987,3927,6947,4727,538
CWIP 1358111110592
Investments 41,89946,93546,06053,28367,78171,61965,27281,871178,292176,502188,366215,242
Other Assets 119,357137,515144,001147,143147,280177,940211,152224,371439,850489,896517,487572,927
Total Assets 162,953187,388193,036203,941218,507252,981280,388310,141625,535674,096713,334795,709

Below is a detailed analysis of the balance sheet data for Indian Bank based on the most recent figures (Mar 2024) and their trends compared to the previous period:

  • For Equity Capital, as of Mar 2024, the value is ₹1,347.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹1,245.00 Cr. (Mar 2023) to ₹1,347.00 Cr., marking an increase of 102.00 Cr..
  • For Reserves, as of Mar 2024, the value is ₹58,901.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹48,261.00 Cr. (Mar 2023) to ₹58,901.00 Cr., marking an increase of 10,640.00 Cr..
  • For Borrowings, as of Mar 2024, the value is ₹711,096.00 Cr.. The value appears to be increasing, which may not be favorable. However, Borrowings exceed Reserves, which may signal higher financial risk. It has increased from ₹643,216.00 Cr. (Mar 2023) to ₹711,096.00 Cr., marking an increase of 67,880.00 Cr..
  • For Other Liabilities, as of Mar 2024, the value is ₹24,365.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from ₹20,612.00 Cr. (Mar 2023) to ₹24,365.00 Cr., marking an increase of 3,753.00 Cr..
  • For Total Liabilities, as of Mar 2024, the value is ₹795,709.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from ₹713,334.00 Cr. (Mar 2023) to ₹795,709.00 Cr., marking an increase of 82,375.00 Cr..
  • For Fixed Assets, as of Mar 2024, the value is ₹7,538.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹7,472.00 Cr. (Mar 2023) to ₹7,538.00 Cr., marking an increase of 66.00 Cr..
  • For CWIP, as of Mar 2024, the value is ₹2.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹9.00 Cr. (Mar 2023) to ₹2.00 Cr., marking a decrease of 7.00 Cr..
  • For Investments, as of Mar 2024, the value is ₹215,242.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹188,366.00 Cr. (Mar 2023) to ₹215,242.00 Cr., marking an increase of 26,876.00 Cr..
  • For Other Assets, as of Mar 2024, the value is ₹572,927.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹517,487.00 Cr. (Mar 2023) to ₹572,927.00 Cr., marking an increase of 55,440.00 Cr..
  • For Total Assets, as of Mar 2024, the value is ₹795,709.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹713,334.00 Cr. (Mar 2023) to ₹795,709.00 Cr., marking an increase of 82,375.00 Cr..

However, the Borrowings (711,096.00 Cr.) are higher than the Reserves (₹58,901.00 Cr.), which may signal higher financial risk.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +3,447-7255,136-931-10,814-3,6766,270-8,39617,23128,750-27,894-8,617
Cash from Investing Activity +-191-147-236-772-179-214-176-24721,233-305-314-618
Cash from Financing Activity +-2,4311,727-2,3126209,0416,7761,0002,5521,86618-1,5431,195
Net Cash Flow8258552,588-1,082-1,9522,8867,094-6,09140,32928,464-29,751-8,040

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-142.00-163.00-167.00-176.00-189.00-222.00-246.00-272.00-544.00-590.00-622.00-691.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
ROE %15%9%7%5%9%7%2%4%10%10%12%15%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters79.86%79.86%79.86%79.86%79.86%79.86%79.86%79.86%79.86%73.84%73.84%73.84%
FIIs2.41%1.85%1.73%2.06%2.60%3.60%4.17%4.00%4.33%5.89%5.29%5.38%
DIIs10.53%10.60%11.11%11.67%12.09%11.94%11.55%11.57%11.76%15.84%16.95%16.87%
Public7.20%7.70%7.30%6.42%5.45%4.62%4.43%4.58%4.05%4.44%3.93%3.90%
No. of Shareholders3,43,9633,62,0553,49,6873,35,0743,14,3113,15,0963,13,4483,14,1863,06,6493,12,7703,08,1653,21,712

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Mid-Cap Opportunities Fund - Regular Plan34,029,8902.881697.586,969,6122025-03-11388.26%
HDFC Small Cap Fund - Regular Plan9,723,9101.7485.086,969,6122025-03-1139.52%
Mirae Asset Large & Midcap Fund8,534,9171.28425.766,969,6122025-03-1122.46%
Mirae Asset Midcap Fund6,969,6122.42347.686,969,6122025-03-110%
HSBC Value Fund6,147,0002.73306.646,969,6122025-03-11-11.8%
HSBC Small Cap Fund - Regular Plan4,335,2731.55216.276,969,6122025-03-11-37.8%
HSBC Midcap Fund4,310,0002.272156,969,6122025-03-11-38.16%
ICICI Prudential Focused Equity Fund3,674,0302.69183.286,969,6122025-03-11-47.29%
UTI Mid Cap Fund3,396,8681.68169.456,969,6122025-03-11-51.26%
Edelweiss Mid Cap Fund3,298,0213.35164.526,969,6122025-03-11-52.68%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
Face Value10.0010.0010.0010.0010.00
Basic EPS (Rs.) 66.0344.7433.9927.8816.38
Diluted EPS (Rs.) 66.0344.7433.9927.8816.38
Cash EPS (Rs.) 64.3047.0736.7032.3117.61
Book Value[Excl.RevalReserv]/Share (Rs.) 402.93348.47311.06298.42324.90
Book Value[Incl.RevalReserv]/Share (Rs.) 447.29397.50360.93349.38373.97
Operating Revenue / Share (Rs.)413.15361.20312.03346.28351.53
Net Profit / Share (Rs.) 60.3542.8031.8826.7012.45
Net Profit After MI / Share (Rs.)62.5144.7433.0727.8814.15
Net Profit Margin (%) 14.6011.8410.217.713.54
Net Profit After MI And SOA Nargin (%)15.1212.3810.598.054.02
Operating Profit Margin (%)-0.81-5.49-8.84-9.01-11.99
Return On Assets (%) 1.050.780.610.500.27
Return On Equity / Networth (%)15.5112.8310.639.344.35
Net Interest Margin (X)2.922.842.482.492.45
Cost To Income (%)46.8845.3247.0348.5740.55
Interest Income / Total Assets (%)6.996.305.766.226.90
Non-Interest Income / Total Assets (%)1.071.091.091.041.07
Operating Profit / Total Assets (%)-0.05-0.34-0.50-0.56-0.82
Operating Expenses / Total Assets (%)1.871.781.681.711.42
Interest Expenses / Total Assets (%)4.063.463.283.734.44
Enterprise Value (Rs.Cr.)748522.66646404.05605824.14549816.59277902.52
EV Per Net Sales (X)13.4514.3715.5914.0612.99
Price To Book Value (X)1.290.820.490.380.13
Price To Sales (X)1.260.790.490.330.12
Retention Ratios (%) 80.8080.7780.3492.82100.00
Earnings Yield (X)0.120.150.210.230.32

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

  • For Basic EPS (Rs.), as of Mar 24, the value is 66.03. This value is within the healthy range. It has increased from 44.74 (Mar 23) to 66.03, marking an increase of 21.29.
  • For Diluted EPS (Rs.), as of Mar 24, the value is 66.03. This value is within the healthy range. It has increased from 44.74 (Mar 23) to 66.03, marking an increase of 21.29.
  • For Cash EPS (Rs.), as of Mar 24, the value is 64.30. This value is within the healthy range. It has increased from 47.07 (Mar 23) to 64.30, marking an increase of 17.23.
  • For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 402.93. It has increased from 348.47 (Mar 23) to 402.93, marking an increase of 54.46.
  • For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 447.29. It has increased from 397.50 (Mar 23) to 447.29, marking an increase of 49.79.
  • For Net Profit / Share (Rs.), as of Mar 24, the value is 60.35. This value is within the healthy range. It has increased from 42.80 (Mar 23) to 60.35, marking an increase of 17.55.
  • For Net Profit Margin (%), as of Mar 24, the value is 14.60. This value exceeds the healthy maximum of 10. It has increased from 11.84 (Mar 23) to 14.60, marking an increase of 2.76.
  • For Return On Assets (%), as of Mar 24, the value is 1.05. This value is below the healthy minimum of 5. It has increased from 0.78 (Mar 23) to 1.05, marking an increase of 0.27.
  • For Retention Ratios (%), as of Mar 24, the value is 80.80. This value exceeds the healthy maximum of 70. It has increased from 80.77 (Mar 23) to 80.80, marking an increase of 0.03.

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

Error: Data is incomplete for fair value calculation.

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 Indian Bank:
    1. Net Profit Margin: 14.6%
      • 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: 0% (Industry Average ROCE: 22.6%)
      • 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%: 0% (Industry Average ROE: 12.68%)
      • 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): 0
      • 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: 0
      • 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: 6.75 (Industry average Stock P/E: 11.57)
      • 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
      • 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

Indian Bank is a Public Limited Listed company incorporated on 05/03/1907 and registered in the State of Tamilnadu, India. Company presently involved in the business activities of Banking Business.
INDUSTRYADDRESSCONTACT
Finance - Banks - Public SectorNo. 66, Rajaji Salai, Chennai (Madras) Tamil Nadu 600001investors@indianbank.co.in
http://www.indianbank.in
Management
NamePosition Held
Mr. S L JainManaging Director & CEO
Mr. Mahesh Kumar BajajExecutive Director
Mr. Ashutosh ChoudhuryExecutive Director
Mr. Shiv Bajrang SinghExecutive Director
Mr. Brajesh Kumar SinghExecutive Director
Mr. Pradeep Kumar MalhotraShareholder Director
Ms. Papia SenguptaShareholder Director
Mr. Balmukund SahayPart Time Non Official Director
Mr. Vishvesh Kumar GoelPart Time Non Official Director
Dr. Alok PandeGovernment Nominee Director
Mrs. K NikhilaNominee Director

FAQ

What is the latest intrinsic value of Indian Bank?

The latest intrinsic value of Indian Bank as on 12 March 2025 is ₹380.01, which is 28.30% lower than the current market price of 530.00, indicating the stock is overvalued by 28.30%. The intrinsic value of Indian Bank is calculated using PE ratio method. The stock has a market capitalization of ₹71,409 Cr. and recorded a high/low of ₹633/467 during the current fiscal year 2024-2025. As of Mar 2024, the company has reserves of ₹58,901 Cr and total liabilities of ₹795,709 Cr.

What is the Market Cap of Indian Bank?

The Market Cap of Indian Bank is 71,409 Cr..

What is the current Stock Price of Indian Bank as on 12 March 2025?

The current stock price of Indian Bank as on 12 March 2025 is ₹530.

What is the High / Low of Indian Bank stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Indian Bank stocks is ₹633/467.

What is the Stock P/E of Indian Bank?

The Stock P/E of Indian Bank is 6.75.

What is the Book Value of Indian Bank?

The Book Value of Indian Bank is 0.00.

What is the Dividend Yield of Indian Bank?

The Dividend Yield of Indian Bank is 2.26 %.

What is the ROCE of Indian Bank?

The ROCE of Indian Bank is 5.92 %.

What is the ROE of Indian Bank?

The ROE of Indian Bank is 15.4 %.

What is the Face Value of Indian Bank?

The Face Value of Indian Bank is 10.0.

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 Indian Bank. 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