In contrast to the same period last year (Q2FY24), Bajaj Auto's Q2FY25 financial results demonstrate consistent increase across key measures. Here is a brief summary of the figures:
Q2FY25: ₹2,005 crore
Q2FY24: ₹1,836 crore
Estimates: ₹2,228 crore
Despite falling short of the estimated ₹2,228 crore, Bajaj Auto’s net profit rose by 9.2% compared to last year.
Q2FY25: ₹13,127 crore
Q2FY24: ₹10,777 crore
Estimates: ₹13,270 crore
Bajaj Auto achieved a significant 21.8% growth in revenue compared to Q2FY24, though it came slightly below the estimated ₹13,270 crore.
Q2FY25: ₹2,652 crore
Q2FY24: ₹2,133 crore
Estimates: ₹2,704 crore
EBITDA grew by 24.3% year-over-year but was marginally lower than the forecast of ₹2,704 crore.
Q2FY25: 20.2%
Q2FY24: 19.8%
Estimates: 20.4%
The EBITDA margin has shown improvement, increasing to 20.2%, close to the market estimate of 20.4%.
Overall, Bajaj Auto's financial performance in Q2FY25 demonstrates consistent growth in revenue, profitability, and margins compared to the previous year. However, it fell slightly short of analysts' estimates in all categories. This update reflects a robust performance for the company despite minor shortfalls in hitting projected targets.
Source: CNBC
The foreign exchange market, also known as currency trading, is the largest financial market globally.
It's more significant than the stock and bond markets combined, making it a very attractive market for investors.
Currency trading has a lot of appeal to beginning investors who are open to learning about the inner workings of various financial markets.
Forex (short for "foreign exchange") is a market where traders from all over the world buy and sell currencies, like dollars, euros, yen and Swiss francs.
Because currency prices fluctuate so much every day, there are many opportunities for traders to make a profit by buying and selling currencies on the foreign exchange market.
Whether you're a beginner at currency trading or have had an account for a long time, it can be difficult to know what you need to do to make the most of your account.
While there are many different strategies for currency traders, not all are good for beginners.
If you're new to forex trading, you may find that there are several things about the market that you may not be familiar with.
In this blog, we are going to discuss the risk factors and strategies that will help you to invest in Foreign exchange market trading.
However, it requires certain skills and expertise to be able to do it well. Contact our Experts for more information about currency/forex trading - 0120 4400700
Foreign Exchange Risk is a risk involved in foreign exchange due to unexpected changes in the exchange rate. There are three types of Risk engaged in Forex trading, which is as follows:
Transaction Risk in Currency Trading:
Transaction risk arises due to unexpected exchange rates between two currencies. This type of Risk affects both importers and exporters doing international business.
For example, a company in the United States exporting goods to another country may quote prices for its product based on the current exchange rate between that country's currency and the U.S. dollar.
Suppose the U.S. dollar depreciates against that other country's currency before settlement. In that case, the company will receive less money than it had hoped for when it set its price.
As a result, its profit margin may suffer or become a loss if it has not planned accordingly.
Similarly, an importer who has agreed to pay in U.S. dollars for goods coming from another country will find itself paying more than expected if there is an appreciation of the other country's currency about the U.S. dollar before payment and settlement.
Learn More About: 6 Things to Keep in Mind About Currency Trading
Economic/Operating Risk in Currency Trading:
Economic/Operating risks arise due to the uncertainty in foreign economies that can affect all MNCs doing business in those countries. Thus, all MNCs operating globally face this kind of operational Risk.
Unemployment: a high unemployment rate generally means fewer people have jobs to spend money on goods and services. People with jobs will also be less likely to take risks, like starting a new business or buying a house.
Inflation: this is the general increase in prices and a fall in the purchasing value of money.
High inflation can deter investment because it reduces the likelihood of future profits, so businesses may be less willing to hire new employees or invest in new machinery.
Interest Rates: Higher interest rates make it more expensive for individuals and businesses to borrow money, so consumer spending and business investment decline.
Exchange Rate Fluctuations are changes in the value of one currency against another.
If the euro strengthens against the U.S. dollar, for example, then imported European goods will become more expensive for U.S. consumers than domestically produced ones, meaning domestic producers may lose sales.
Translation risk arises due to unexpected exchange rates between two currencies.
This type of risk is faced by all MNCs with subsidiaries located in different countries and denominated their accounts in a different currency than their home country's currency.
For example, a U.S.-based company has subsidiaries in China and Hong Kong. The subsidiaries' accounts are denominated in Chinese Yuan (CNY) and Hong Kong Dollar (HKD).
When this company prepares financial statements, it will need to convert the subsidiaries' books into American Dollars (USD), the home currency.
The translation process involves taking the subsidiaries' books' assets, liabilities, revenues, and expenses into another currency.
These converted values are then used to prepare financial statements for reporting purposes.
Translation risk is similar to transaction risk as both arise due to exposure to foreign currencies.
However, translation risk is also known as accounting risk because it relates to how financial statements are prepared and reported for internal and external users.
Translation exposure is an important consideration for businesses seeking new opportunities in emerging markets where currency movements can be volatile or unpredictable.
If you have any confusion regarding translation Risk or Forex trading, feel free to mail us - hello@swastika.co.in
Some of the most popular Forex trading strategies include:
Scalping is a popular trading technique in forex trading. It involves trading currencies in real time, which means that positions are held for very short periods.
In scalping trading, a trader usually opens and liquidates a position within minutes or seconds of each other. The traders aim to make small profits by taking advantage of the bid-ask spread.
Scalping is one of the more popular trading styles because it allows for potentially high risk-reward payouts, and because trades happen very quickly, it can be an exciting way to trade.
Day Trading Strategy for Currency Trading:
Day trading is a way to play the markets to make a profit. For example, if you're buying U.S. treasury bonds (T-bonds), you can buy them at a lower price and then sell them at a higher one.
Many people who trade forex day-to-day are doing it for fun. Others do it to take advantage of price movements in the market. Either way, it's an exciting way to make money.
The type of forex trading strategy you choose depends on how much time you have.
There are very few suitable strategies for beginners because they require extensive research and experience to evaluate market movements accurately.
Trend Trading Strategy in Currency Trading:
Trend trading is one of the most popular and common forex trading strategies.
It involves identifying an upward or downward trend in a currency price movement and choosing trade entry and exit points to position the currency's price within the trend and the trend's relative strength.
Uptrends consist of higher highs and higher lows, while downtrends have lower highs and lower lows.
Identifying a trend depends on the time frame you are looking at. Short-term traders may look at shorter time frames, such as five minutes, while long-term traders may look at four-hour or daily charts with candlesticks.
The strongest trends have both price and momentum moving in the same direction.
Momentum is created when a trader decides to place an order to buy or sell, which adds to market activity and generates more momentum.
Swing Trading Strategy in Currency Trading:
Swing trading is a concept in financial markets that tries to take advantage of short-term waves (or swings) in asset prices.
The trader attempts to benefit from small moves in the market rather than larger gains seen in trend trading or day trading.
Swing trading attempts to capture gains in an asset over a few days to several weeks.
Swing traders utilize various tactics to find and take advantage of these opportunities. By the nature of the strategy, swing traders often hold an asset through many days, weeks, and even months before closing it out for a profit.
Swing traders try to see the big picture without constantly monitoring their computer screens.
The position trading strategy is one of the most widely used strategies in the foreign exchange market.
It involves holding a currency pair over a long time, often weeks or months, instead of just minutes or hours.
The idea is to focus on the underlying trend in the market rather than short-term fluctuations.
Position traders are usually most interested in fundamental factors that may affect currency values.
They look for large moves that can last for weeks or months, and they tend to be less concerned about small day-to-day price fluctuations.
Position traders may also use technical analysis techniques such as trend lines and moving averages to help them determine when to take positions in currencies. Still, their main focus is on fundamental factors.
Our overall conclusion is Forex trading is the best way to go if you are looking for a Good Return on Your Investments. Once you get the hang of it, it can be simple, profitable, and fun.
कच्चे तेल की कीमतों में ऊपरी स्तरों से साप्ताहिक गिरावट दर्ज की गई है। क्योंकि ईरान से बाजार में अतिरिक्त आपूर्ति की संभावना ने यूक्रेन पर रूसी आक्रमण से उपजी संभावित आपूर्ति व्यवधान की आशंकाओं को कम कर दिया है।
ब्रेंट और अमेरिकी कच्चे तेल का वायदा पिछले सोमवार को सितंबर 2014 के बाद से अपने उच्चतम स्तर पर पहुंच गए, लेकिन विश्व शक्तियों के साथ ईरान के 2015 के परमाणु समझौते को लागू करने के लिए समझौते की रिपोर्ट के बीच, नौ सप्ताह में अपनी पहली साप्ताहिक गिरावट दर्ज की है। समझौते में उन कदमों की रूपरेखा है जो अंततः तेल प्रतिबंधों पर छूट देने की ओर ले जाएंगे।
इससे बाजार में प्रति दिन लगभग एक मिलियन बैरल कच्चा तेल वापस आ जाएगा, लेकिन इसका समय स्पष्ट नहीं है। अधिक ईरानी तेल बाज़ार में आने की संभावना के बावजूद , निकट भविष्य में कीमतों में अधिक गिरावट की उम्मीद तो नहीं है, क्योकि पेट्रोलियम निर्यातक देशों के संगठन (ओपेक) और सहयोगी दल, अपने उत्पादन लक्ष्यों को पूरा करने में असमर्थ रहे हैं। हवाई यात्रा और सड़क यातायात के रूप में तेल की मांग में भी सुधार है, लेकिन रूस और यूक्रेन के बीच तनाव बढ़ने पर कीमते 100 डॉलर के ऊपर भी जा सकती है।
अमेरिका ईरान में परमाणु सौदे पर हो रही बातचीत में अच्छी प्रगति रही है और इससे एमसीएक्स मार्च वायदा कच्चे तेल में बिकवाली का दबाव इस सप्ताह भी रहने की सम्भावना है। कच्चे तेल में 6400 रुपये के निचले स्तरों पर सपोर्ट है और 6800 रुपये पर इसका प्रतिरोध है।
Mutual fund houses are increasingly coming up with new fund offer (NFO) to attract stock market trading investors. In the last 5-6 months, we have seen multiple NFOs from mutual fund companies.
Mutual funds have become more popular with retail investors in the recent past, following their participation in the collections of non-fund operational (NFO) income by the mutual fund houses.
New Fund Offers (NFOs) are launching new mutual fund schemes.
Mutual fund houses keep coming up with new products, especially when there is an increased inflow into the equity markets.
In other words, New Fund Offer (NFOs) are mainly launched when the markets have shown good returns in the last six months to 1 year, and they rarely come in bear markets.
In the first quarter of March 2020, hardly any new financial instruments were issued, while equity markets were down more than 25% over the month.
If you want to invest in an NFO, you need to purchase units during its initial offering period.
After the initial offering period ends, you can buy/sell units on any business day from the mutual fund house that manages the scheme.
The investors may purchase the mutual fund scheme units during the pre-defined period and subscribe to the NFO at an offer price, which is usually fixed at ₹10.
Once the tenure expires, investors can purchase the fund units at the specified price.
NFO subscribers, overall, have been able to generate better gains post-listing.
Because in the case of an NFO, there are no historical data or performance metrics available for analysis by investors.
They have to rely on data about similar schemes offered by the same AMC or trust houses offering similar schemes.
Open-ended schemes are much more popular than NFOs as they allow investors to enter and exit at any point in time and trade their units on stock exchanges like any other equity share.
NFOs can be invested through SIP (systematic investment plan) or a lump sum amount.
It offers convenience and tax benefits through SIPs (under section 80C).
Investors can also choose between dividend and growth plans depending on their requirements and risk appetite.
Only a limited number of new funds are open to the public, so if you have any interest in getting one, we would suggest you apply now.
Investors must be aware that various new schemes are launched every year with a slight difference in investment objective than the existing schemes.
It would help if you did not fall prey to such schemes. Such schemes are known as old wine in new bottles, introduced with a slight change in name or investment objective to attract investors.
Every mutual fund scheme has a specific risk factor associated with it.
Investors should understand their risk appetite and then invest in mutual funds accordingly.
If they can’t understand whether the scheme is suitable for them or not, they must seek help from a financial advisor or SEBI-registered investment advisor.
The cost of an NFO will be high due to all expenses related to marketing and advertising.
The price is high because the AMC will also try to make money from these expenses rather than only from managing an investor’s portfolio assets.
All fund houses have different risk and return profiles. Investors should check their track record of the fund house by looking at the past performance of its schemes.
If a fund house has performed well in the equity market for an extended period, then it is considered that it has been able to create wealth for its investors.
पिछले सप्ताह अमेरिकी उपभोक्ता मूल्य सूचकांक (सीपीआई ) के आकड़ो में बढ़ोतरी दर्ज की गई है। फ़ूड, एनर्जी और औद्योगिक धातुओं की कीमतों में लगातार बढ़ोतरी होने से मुद्रास्फीति में बढ़ोतरी का अनुमान रहा जिसके कारण पिछले सप्ताह में सोने के भाव में लगातार तेज़ी देखि गई। गुरुवार को जारी अमेरिकी आंकड़ों से पता चला है कि जनवरी में उपभोक्ता मूल्य सूचकांक (सीपीआई) साल-दर-साल 7.5 प्रतिशत और महीने-दर-महीने 0.6 प्रतिशत बढ़ा है।
कोर सीपीआई महीने-दर-महीने 0.6 प्रतिशत और साल-दर-साल 6 प्रतिशत बढ़ा है। यह 40 वर्षों में मुद्रास्फीति में सबसे बड़ी वार्षिक वृद्धि है। घरेलु वायदा सोने में 1000 रुपये प्रति दस ग्राम तक की तेज़ी देखि गई, हालांकि, मुद्रास्फीति लगातार बढ़ने के कारण निवेशकों द्वारा 50 आधार अंक की बढ़ोतरी की अटकले लगाई जाने लगी है जो अभी 0.25 आधार अंक बढ़ने का अनुमान है। जिससे सोने के भाव में सप्ताह के अंत में मुनाफा वसूली भी देखि गई और भाव 48750 रुपये प्रति दस ग्राम के स्तरों पर रहे।
शुक्रवार को सेंट लुइस फेड के अध्यक्ष जेम्स बुलार्ड ने सीपीआई के आंकड़े जारी होने के बाद कहा कि वह अगली तीन नीति बैठकों में फेड से दरों में पूर्ण बढ़ोतरी की उम्मीद रखते हैं। रेट फ्यूचर सर्वे के मुताबिक 62 प्रतिशत संभावना का संकेत है कि केंद्रीय बैंक मार्च 2022 में जेम्स बुल्लार्ड की टिप्पणी के बाद ब्याज दरों में 50 आधार अंकों की वृद्धि करेगा, यह सम्भावना बुधवार तक 30 प्रतिशत पर थी। जिसके कारण 10 वर्षीय अमेरिकी बॉन्ड यील्ड 2 प्रतिशत के उच्च स्तरों पर पहुंच गई है।
पूर्वी यूरोप में भू-राजनीतिक तनाव भी जारी है क्योंकि रूस और यूक्रेन की फ्रांस और जर्मनी के साथ बातचीत में कोई सफलता हासिल करने में विफल रहे हैं। यूक्रेन के मामले पर रूस ने नाटो में शामिल देशो को कड़ी चेतावनी दी है। भू-राजनीतिक तनाव सोने और चांदी के भाव को लगातार सपोर्ट कर रहा है।
इस सप्ताह सोने और चांदी के भाव में तेज़ी रह सकती है। अप्रैल वायदा सोने में 48400 रुपये पर सपोर्ट है और 49000 रुपये पर प्रतिरोध है। मार्च वायदा चांदी में 61200 रुपये पर सपोर्ट और 65000 रुपये पर प्रतिरोध है।
Intraday trading refers to the buying and selling of stocks on the same day. It is done using online trading platforms.
Intraday trading is considered riskier than investing in the regular stock market. It is important, especially for beginners, to understand the basics of such trading to avoid losses.
Let’s understand it with an example:
If you buy a stock at Rs. 500 and sell it at Rs. 550, you make an intraday profit of Rs. 50 per share (if all the shares were bought and sold).
So, Intraday Trading has its advantages and disadvantages. Intraday traders can make money when the market is volatile, but they can also lose a lot if they are not careful.
Hence, it is essential to know the factors that determine profits in intraday trading.
The concept behind Trade with the Trend is that most traders don't have time in their schedule to watch for news events, but they can watch for technical signals that can predict trends.
Traders can also watch for support and resistance levels that may be reached as a result of market movement.
Resistance and support are arguably some of the most widely discussed concepts in technical analysis.
In its most basic sense, resistance indicates a price level that is likely to act as a barrier to the price of an asset, preventing it from getting pushed in that direction.
The principle behind "Trade with the Trend" is that many traders lack the time to monitor news events but can focus on technical signals that predict market trends. Traders should also observe support and resistance levels, which are critical concepts in technical analysis.
Support and resistance levels are pivotal in determining price movements. Support refers to a price level where an asset is likely to experience buying interest, preventing its price from falling further. Conversely, resistance is a price level where selling pressure may arise, hindering the asset's price from rising beyond that point.
If buying pressure is strong at a support level, the price is likely to bounce back and move upwards. Conversely, if selling pressure is significant at a resistance level, the price may reverse and direction will change after hitting resistance.
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When you plan to trade intraday, you need to be sure that you can buy and sell large volumes of stock without affecting the price.
The only way to be sure that a sudden move in the price does not impact you is to buy or sell very small amounts of stock at a time.
Tick-size trading depends on having liquid stocks to allow even tiny transactions to be executed swiftly.
Once you have been trading for a while, you will get to know the characteristics of various stocks.
Many stock trading investors know about charts, it is important to identify stocks that are likely to be the right stock to trade.
The most vital tool in your utility belt is a strong chart pattern recognition ability.
Once you gain proficiency at reading charts, you can spot the formation of stock patterns and trade accordingly.
It is essential as an intraday trader that you are familiar with chart patterns.
By default, every stock will move in an overall trend direction.
There is a bull trend, and there is a bear trend. In other words, the market will move in one direction or another for a long time at a stretch.
As an intraday trader, you need to know these trends so that you can make good decisions regarding the buying and selling of stocks.
The best way to spot market trends is by looking at charts of stocks for which there are historical records available for a long period.
This will give you an idea about how the stock has behaved over time and how it behaves during different phases of its life cycle.
There are two kinds of intraday breakouts.
The first one is when you see a stock breaking out in the early morning hours around 9:45 am and 10 am, and then it starts moving up or down in the regular trading hours and forms a top or bottom.
The second type is when a stock closes above or below its opening price in the first few minutes of opening the market.
The first type presents good entry points for long positions, while the second gives you good entry points.
The best way to identify breakout stocks is to keep an eye on your trading platform's Top Gainers and Losers list.
Once you have shortlisted stocks, keep an eye on their daily prices, especially in the first 10 minutes after the market opens.
If you find a stock that has broken out, then place an order to buy or sell as soon as possible so that you don't miss out on the opportunity to make some money from it.
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If you are a day trader, you need to have a stock list that is extremely sensitive to news.
These stocks are best for trading because they fluctuate rapidly with new information and thus offer traders numerous trading opportunities. They also allow a trader to capture profits quickly.
There are essentially two types of Intraday traders in India.
The first one is the one who trades on fundamentals and technicals.
The second type of trader watches the news for trading opportunities.
Selecting the right stocks for intraday trading is a crucial aspect of achieving consistent success in the stock market. By focusing on factors such as liquidity, volatility, market trends, and the alignment of technical indicators, traders can improve their chances of making profitable trades. It is also important to stay updated on news, set stop-loss orders, and have a disciplined trading strategy in place. Intraday trading requires patience, risk management, and continuous learning. By applying these best practices, traders can navigate the dynamic nature of intraday trading more effectively and optimize their returns.
In the year 2021, we saw many companies launching their IPOs to make an entrance into the public market.
From January to December, a minimum of 3 companies have become public every month.
Following the last year, there are other companies too, who are looking forward to making their debut in the primary market.
The IPO information is crucial for every stock market trading investor.
In this blog, we will talk about all the upcoming IPOs in February 2022 so that you can take a call on investing or not.
Sr No Name of the Company Issue Size Opening Date Closing Date 1 Vedant Fashion Ltd₹3,149.19 Cr February 4, 2022February 8, 2022 2 Go Airlines Ltd ₹3,600 Cr*To be announced To be announced 3 Mobikwik Systems Ltd ₹1900 Cr* To be announced To be announced 4 Jana Small Finance Bank ₹2,000 Cr* To be announced To be announced 5 Arohan Financial Services Ltd ₹850 Cr* To be announced To be announced 6 Ixigo (Le Travenues Technology) Ltd₹1,600 Cr*To be announced To be announced
Vedant Fashions, India's largest private label apparel and lifestyle brand, will hit the primary markets on February 4 with an IPO that will be an offer for sale by the company's promoters.
The Rs 3,149 crore offer will give the existing shareholders and promoters of the company a chance to monetize their investment.
Vedant Fashion Ltd., an Indian clothing company, owns several brands such as Manyavar, Mohey, Mebaz, Manthan, and Twamev.
It operates through franchise-owned outlets (EBOs), as well as multi-brand outlets (MBOs) and large format stores (LFSs).
The company also has an online presence on its website and mobile application. As of September 30, 2021, it had over 1.2 Mn sq. ft of retail space in India and 11 EBOs overseas.
It has announced plans to go public on February 4, 2022, with a total issue size of ₹3149.19 crores for sale.
In 2009, MobiKwik Systems Limited began its operations with MobiKwik Wallet. This allowed users to load money into a mobile wallet and make payments with a single click.
Mobikwik is one of the largest mobile wallets and Buy Now Pay Later (BNPL) players in India. The company also offers payment gateway services to e-commerce merchants.
They aspire to provide credit to India's growing online population, and they offer a range of products to help with that goal, including peer-to-peer payments via UPI, MobiKwik Wallet, and MobiKwik Wallet to bank payments through their platform.
Their IPO has a valuation of INR 1900 crore. It involves a fresh share offering worth up to INR 1,500 crore, and 400 crores in an offer for sale.
One of the major players in the small financing scenario of the country, Jana Small Financing Bank (JSFB), will launch its initial public offering (IPO) with an issue size of Rs. 2,000 crores.
This IPO will include both an offer for sale (OFS) of Rs. 1,300 crores and fresh issue of shares worth Rs. 700 crores.
Finance bank Jana Small Finance Bank is raising funds through an initial share-sale worth Rs 700 crore, according to a draft red herring prospectus filed with the SEBI.
The company offered up to 92.53 lakh (9.25 million) shares to new investors in an issue of equity shares worth Rs 700 crore.
GoAir, India's 5th largest airline, filed its draft red herring prospectus with India's Securities and Exchange Board (SEBI) for an initial public offering worth ₹3600 crores.
The Wadia Group-owned the Mumbai-based airline, which began in 2005. The company name was GoAir, but they recently rebranded to GoFirst.
They fly 300 flights per day to 36 different domestic and international destinations; they have a market share of around 8.4%.
Go Airlines is India's ultra-low-cost airline that focuses on young Indians, leisure customers, and MSME business travellers.
The retail portion of the IPO is 10%, while QIB is 75% and NII is 15%. They will be listed on NSE and BSE, both indices.
Arohan, set up in 2006, is the largest non-banking financial company microfinance institution in the eastern Indian region with a gross loan portfolio of Rs. 4600 crore in FY21.
It raised Rs. 189 crore from ASK Financial Holding, Kiran Vyapar Ltd, and Arohan ESOP Trust at Rs. 210 per share between FY17 and FY20.
Its gross loan portfolio was Rs. 48.57 billion, the highest among all non-banking financial company microfinance institutions in eastern India. It is the fifth-largest NBFC-MFI in India based on the gross loan portfolio.
Between FY17 to FY20, it had the second-highest CAGR (which signifies compound annual growth rate) of 68% among the top five NBFC-MFIs in India and the highest customer growth among the top five NBFC-MFIs at 49% CAGR between FY18 to FY20.
Ixigo (Le Travenues Technology Limited), a technology company, focuses on empowering Indian travelers.
We assist travellers in making better travel decisions by leveraging artificial intelligence, machine learning, and data science-led innovations on our OTA platforms.
Ixigo's vision is to become India's leading travel ecosystem for the following billion users driven by technology, cost-efficiency, and their culture of innovation.
They have OTA platforms that allow travelers to book train tickets, flight tickets, bus tickets, hotels, and cabs while providing travel utility tools and services.
They offer train PNR status and confirmation predictions, train seat availability alerts, train running status updates and delay predictions, flight status updates, bus running status, pricing, availability alerts, deal discovery, destination content, personalized recommendations, and instant fare alerts flights.
They also provide automated customer support services.
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