Last Update Time:
12-Mar-2025 16:00:00
ISIN:
INE008A01015
Sector:
Financial Services
Symbol:
IDBI
IDBI Bank Limited
₹72.55
₹-0.19
(-0.26%)
▼
Prev. Close
₹72.74
Open
₹73.59
Close
₹72.65
Range
₹68.92 - ₹76.18
High
₹73.74
Low
₹72.16
Ind. Close
₹0.00
VWAP
₹72.88
The current stock price of IDBI Bank Limited is ₹72.55, with a target price range between ₹68.92 and ₹76.18. The stock has experienced a price change of ₹-0.19 (-0.26%), reflecting recent market volatility.
Today's opening price was ₹73.59, while the previous close stood at ₹72.74.
The market trend suggests a potential downtrend, with investors exercising caution due to recent declines. Analysts recommend closely monitoring support levels.
For real-time stock market updates, live share prices, and stock analysis, stay tuned. Understanding key stock metrics like VWAP, high-low range, and market momentum can help traders make informed investment decisions.
IDBI Bank Limited Price Chart
IDBI Bank Limited Pre Open Market Overview: 12-Mar-2025
Key Metrics:
- IEP (Indicative Equilibrium Price): 73.59
- Previous Close Price: 72.74
- Change: 0.85%
- Total Traded Volume: 22,264
- Total Buy Quantity: 233,360
- Total Sell Quantity: 315,429
| Price | Buy Qty | Sell Qty |
|---|---|---|
| 73.25 | 250.00 | 0.00 |
| 73.30 | 500.00 | 0.00 |
| 73.46 | 3.00 | 0.00 |
| 73.50 | 50.00 | 0.00 |
| 73.51 | 3.00 | 0.00 |
| 73.59 | 0.00 | 5,239.00 |
| 73.60 | 0.00 | 5,551.00 |
| 73.63 | 0.00 | 500.00 |
| 73.64 | 0.00 | 500.00 |
| 73.65 | 0.00 | 2.00 |
ATO Data:
- Buy Quantity (ATO): 0
- Sell Quantity (ATO): 0
Order Book
| Bid | Qty | Ask | Qty |
|---|---|---|---|
| 0.00 | 0 | 0.00 | 0 |
| 0.00 | 0 | 0.00 | 0 |
| 0.00 | 0 | 0.00 | 0 |
| 0.00 | 0 | 0.00 | 0 |
| 0.00 | 0 | 0.00 | 0 |
Total Buy Quantity: 233360
Total Sell Quantity: 315429
Shareholding Patterns of IDBI Bank Limited
Key Trade Statistics of IDBI Bank Limited
| Trade Information | Details |
|---|---|
| Traded Volume (Lakhs) | 36.75 |
| Traded Value (₹ Cr.) | 26.79 |
| Total Market Cap (₹ Cr.) | 78,008.68 |
| Free Float Market Cap (₹ Cr.) | 4,062.30 |
| Impact cost | 0.04 |
| Quantity Traded | 3,675,399.00 |
| Deliverable Quantity | 1,233,007.00 |
| % of Quantity to Traded | 33.55 |
| Security VaR | 18.61 |
| Index VaR | N/A |
| VaR Margin | 18.61 |
| Extreme Loss Rate | 3.5 |
| Adhoc Margin | N/A |
| Applicable Margin Rate | 22.11 |
| Face Value | 10 |
Key Price Statistics of IDBI Bank Limited
The 52-week high for IDBI Bank Limited was ₹107.90, recorded on 29-Jul-2024. On the other hand, the 52-week low stands at ₹65.89, with the lowest value recorded on 13-Jan-2025.
The upper band for trading is ₹87.28, and the lower band is ₹58.19. The price band is 20%.
The stock's daily volatility stands at 2.85, while the annualized volatility is 54.45. The tick size for trading is ₹0.01.
| Price Information | Details |
|---|---|
| 52 Week High (29-Jul-2024) | 107.90 |
| 52 Week Low (13-Jan-2025) | 65.89 |
| Upper Band | 87.28 |
| Lower Band | 58.19 |
| Price Band (%) | 20 |
| Daily Volatility | 2.85 |
| Annualised Volatility | 54.45 |
| Tick Size | 0.01 |
Key Securities Statistics of IDBI Bank Limited
| Securities Information | Details |
|---|---|
| Status | Listed |
| Trading Status | Active |
| Date of Listing | 20-Sep-1995 |
| Adjusted P/E | 10.91 |
| Symbol P/E | 10.91 |
| Index | NIFTY MIDCAP 100 |
| Macro-Economic Sector | Financial Services |
| Sector | Financial Services |
| Industry | Banks |
| Basic Industry | Private Sector Bank |
Security Status of IDBI Bank Limited
| Title | Details |
|---|---|
| Board Status | Main |
| Trading Segment | Normal Market |
| Session No. | - |
| Class of Shares | Equity |
| SDD Compliance | - |
| Name of Compliance Officer | - |
Announcements of IDBI Bank Limited
| Subject | Date |
|---|---|
| Raising of Funds | - |
| General Updates | 21-Feb-2025 |
| Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent | 21-Feb-2025 |
| General Updates | 21-Feb-2025 |
| General Updates | 18-Feb-2025 |
| General Updates | 18-Feb-2025 |
| General Updates | 05-Feb-2025 |
| General Updates | 03-Feb-2025 |
Corporate Actions of IDBI Bank Limited
| Face Value | Purpose | Ex-Date |
|---|---|---|
| 10 | Dividend - Rs 1.50 Per Share | 16-Jul-2024 |
| 10 | Annual General Meeting | 16-Jul-2024 |
| 10 | Annual General Meeting/Dividend - Re 1 Per Share | 06-Jul-2023 |
| 10 | Annual General Meeting | 14-Jul-2022 |
| 10 | Annual General Meeting | 02-Aug-2021 |
| 10 | Annual General Meeting | 07-Aug-2020 |
| 10 | Annual General Meeting | 09-Aug-2019 |
| 10 | Annual General Meeting | 03-Aug-2018 |
| 10 | Annual General Meeting | 10-Jul-2017 |
| 10 | Annual General Meeting (Book Closure Start Date Revised) | 14-Jul-2016 |
| 10 | Annual General Meeting/ Dividend - Re 0.75/- Per Share | 04-Aug-2015 |
| 10 | Annual General Meeting / Dividend - Re 0.275/- Per Share | 26-Jun-2014 |
| 10 | Agm E-Voting | 15-May-2014 |
| 10 | Interim Dividend - Re 0.725/- Per Share | 23-Jan-2014 |
| 10 | Annual General Meeting And Dividend Rs.3.50 Per Share | 29-Aug-2013 |
| 10 | Annual General Meeting/Dividend Of Rs 1.50 Per Share | 31-Aug-2012 |
| 10 | Interim Dividend Rs.2/- Per Share | 09-Feb-2012 |
| 10 | Dividend Rs 3.50 Per Share | 02-Sep-2011 |
| 10 | Dividend-Rs.3/- Per Share | 16-Jul-2010 |
| 10 | Agm/Dividend - 25% | 09-Jul-2009 |
Board Meetings of IDBI Bank Limited
Financial Results of IDBI Bank Limited
Company Directory of IDBI Bank Limited
| Web Address | Office | Address | City |
|---|---|---|---|
| www.idbibank.in | Registered Office | IDBI Tower, WTC Complex, Cuffe Parade, | MUMBAI |
| www.idbibank.in | Registered Office | IDBI Tower, WTC Complex, Cuffe Parade, | MUMBAI |
| www.idbibank.in | Transfer Agent | KFin Technologies Limited Selenium Tower B, Plot 31-32, Gachibowli Financial District, Nanakramguda | HYDERABAD |
| www.idbibank.in | Transfer Agent | KFin Technologies Limited Selenium Tower B, Plot 31-32, Gachibowli Financial District, Nanakramguda | HYDERABAD |
Insider Trading of IDBI Bank Limited
| Reg. Clause | Acq./Disp. | Sec. Value | Txn Type |
|---|---|---|---|
| 7(2) | Life Insurance Corporation of india | 47429999984 | Buy |
| 7(2) | Government of India | 45569999997 | Buy |
| 7(2) | Life Insurance Corporation of india | 54058585541 | Buy |
| 7(2) | Government of India through President of India | 78809999931 | Buy |
| 7(2) | Government of India through President of India, Deptt. of Financial Services, Ministry of Finance,Jeevan deep Building, 10, Parliament Street, New Delhi, 110001 | 27289999968.66 | Buy |
| 7(2) | Government of India through President of India | 18609999965.76 | Buy |
| 7(2) | Government of India | 18999999992.7 | Buy |
| 7(2) | Atul Deep Gupta | - | - |
| 7(2) | Government Of India | 22289999982.4 | Buy |
Annual Reports of IDBI Bank Limited
Investor Complaints of IDBI Bank Limited
Event Calendar of IDBI Bank Limited
| Purpose | Details |
|---|---|
| Financial Results | For considering the financial results of the Bank for the quarter ended June 30, 2005. |
| Results/Dividend | To consider the Audited Financial Results for the year ended March 31, 2011 and also to consider recommendation of dividend for financial year 2010-11, if any. |
| Results/Dividend | To consider and take on record the un-audited financial results of the Bank for the quarter & nine months period ended December 31, 2011 (subject to a Limited Review by the Statutory Auditors) and also to consider declaration of Interim Dividend. |
| Results/Dividend | To consider the Audited Financial Results for the quarter and year ended March 31, 2012 and also to consider recommendation of final dividend for the FY 2011-12, if any. |
| Results/Dividend | To consider the Audited Financial Results for the quarter and year ended March 31, 2013 and also to consider recommendation of final dividend for the FY 2012-13, if any. |
| Results | To consider and take on record the un-audited financial results of the Bank for the quarter ended Jun 30, 2013 subject to a Limited Review by the Statutory Auditors. |
| Board Meeting Postponed | The company had informed the Exchange that the meeting of Board of Directors of the company will be held on July 16, 2013 to consider and take on record the un-audited financial results of the Bank for the quarter ended June 30, 2013 subject to a Limited Review by the Statutory Auditors. The company has now informed the Exchange that "The date of Board Meeting of IDBI Bank has been changed and it will now be held on July 18, 2013, to consider and take on record the un-audited financial results of the Bank for the quarter ended June 30, 2013 subject to a Limited Review by the Statutory Auditors". |
| Results | to consider and take on record the un-audited financial results of the Bank for the half year ended September 30, 2013 subject to a Limited Review by the Statutory Auditors. |
| Board meeting Rescheduled | The Bank has informed that the Board meeting has been rescheduled and it will be held on October 30, 2013, to consider and take on record the un-audited financial results of the Bank for the quarter and half year ended September 30, 2013 subject to a Limited Review by the Statutory Auditors. |
| Dividend | To consider declaration of Interim Dividend. |
| Results | to consider and take on record the un-audited financial results of the Bank for the quarter and nine months period ended December 31, 2013 subject to a Limited Review by the Statutory Auditors. |
| Results/Dividend | To consider the Audited Financial Results for the quarter and year ended March 31, 2014 and also to consider recommendation of final dividend for the FY 2013-14, if any. |
| Results | To consider and take on record the un-audited financial results of the Bank for the quarter ended June 30, 2014 subject to a Limited Review by the Statutory Auditors. |
| Results | To consider and approve the un-audited financial results of the Bank for the quarter and half year ended September 30, 2014 subject to Limited Review by the Statutory Auditors. |
| Results | To consider and approve the un-audited financial results of the Bank for the quarter and nine months period ended December 31, 2014 subject to a Limited Review by the Statutory Auditors. |
| Results/Dividend | To consider the Audited Financial Results for the quarter and year ended March 31, 2015 and also to consider recommendation of dividend for the FY 2014-15, if any. |
| Results | To consider and approve the un-audited financial results of the Bank for the quarter ended June 30, 2015 subject to a Limited Review by the Statutory Auditors. |
| Results | to consider and approve the un-audited financial results of the Bank for the quarter ended June 30, 2015 subject to a Limited Review by the Statutory Auditors. |
| Results | to consider and approve the un-audited financial results of the Bank for the quarter and half year ended September 30, 2015 subject to a Limited Review by the Statutory Auditors. |
| Results | To consider and approve the un-audited financial results of the Bank for the quarter and nine months period ended December 31, 2015 subject to a Limited Review by the Statutory Auditors. |
| Issue of Securities | to consider and approve convening of AGM of the Bank for, inter-alia, obtaining shareholders' approval for passing enabling special resolution under Section 62(1)(c) of the Companies Act, 2013 for equity issue by way of QIP and/ or FPO and/ or Rights Issue and/ or Preferential Issue and/ or any other mode as well as for obtaining shareholders' approval for passing enabling special resolution under Section 42 of the Companies Act, 2013 for issue of Senior / Infrastructure Bonds, Basel III compliant Tier II / Additional Tier 1Bonds by way of private placement / public issue. |
| Results/Dividend | To consider and approve the Audited Financial Results of the Bank for the quarter and year ended March 31, 2016 and also to consider recommendation of dividend for the FY 2015-16, if any. |
| Results | To consider and approve the un-audited financial results of the Bank for the quarter ended June 30, 2016 subject to a Limited Review by the Statutory Auditors. |
| Results | to consider and approve the un-audited financial results of the Bank for the quarter and half year ended September 30, 2016 subject to a Limited Review by the Statutory Auditors. |
| Results | to consider and approve the Un-audited Financial results of the bank for the quarter and nine months period ended December 31, 2016 subject to a Limited Review by the Statutory Auditors. |
| Board Meeting Postponed | IDBI : 07-Feb-2017 : The Company had informed the Exchange regarding a meeting of the Board of Directors of the Company schedule to be held January 24, 2017, to consider and approve the Un-audited Financial results of the bank for the quarter and nine months period ended December 31, 2016 subject to a Limited Review by the Statutory Auditors.The Company has now informed the Exchange that the meeting of the Board of Directors has now been postponed to February 07, 2017 (Revised). |
| Raising of Funds | to tentatively consider fund raising by way of preferential issue of shares or any other method. It is further informed that in connection with the above, an Extra-Ordinary General Meeting is also proposed to be held for obtaining shareholders approval in this regard. |
| Preferential issue | to consider Preferential Issue of capital to Govt. of India and others, if any. |
| Results/Others | To consider and approve the Audited financial Results for the quarter and year ended March 31, 2017 and other matters. |
| Others | The Board, at its ensuing meeting to be held on May 30, 2017, while noting the passing of Circular Resolution on May 23, 2017 for convening Bank's AGM, will also formally note/ confirm the inclusion of following items of Special Business in the AGM Notice :(i) To pass enabling Special Resolution in terms of Section 62(1)(c) of the Companies Act, 2013 for issue of equity capital through various alternative modes including QIP; (ii) To pass enabling Special Resolution in terms of Section 42 and other provisions of the Companies Act, 2013 for issue of Rupee Bonds. |
| Preferential issue | will consider Preferential Issue of Capital to Govt. of India. it is further informed that in connection with the above, Postal Ballot is also proposed to be conducted for obtaining shareholders approval in this regard. |
| Results | To consider and approve the un-audited financial results of the Bank for the quarter ended June 30, 2017 subject to a Limited Review by the Statutory Auditors. |
| Results | To consider and approve the Un-audited Financial Results of the Bank for the quarter and half year ended September 30, 2017 subject to a Limited Review by the Statutory Auditors. |
| Preferential issue | Will consider Preferential Issue of Capital to Govt. of India. It is further informed that in connection with the above, Postal Ballot is also proposed to be conducted for obtaining shareholders' approval in this regard. |
| Results | To consider and approve the Unaudited Financial Results of the Bank for the quarter and nine months ended December 31, 2017 subject to a Limited Review by the Statutory Auditors. |
| Financial Results/Other business matters | To consider and approve the financial results for the period ended March 31, 2018 and other business matters |
| Financial Results | To consider and approve the financial results for the period ended Jun 30, 2018 |
| Fund Raising | To consider Fund Raising |
| Fund Raising | To consider the PreferentialAllotment of Equity Shares to LIC aggregating upto 51% of Post Issue Paid upCapital of the Bank and for conducting Postal Ballot for obtaining Shareholder'sapproval for Preferential Issue of Capital to LIC, under section 62(1)(c) of theCompanies Act, 2013 and other consequential matters |
| Financial Results | To consider and approve the financial results for the period ended September 30, 2018 |
| Financial Results | To consider and approveￂﾠthe Un-auditedￂﾠFinancial Results of the Bank for the quarter and nine months ended December 31,ￂﾠ2018 subject to a Limited Review by the Statutory Auditors. |
| Fund Raising | In terms of Regulation 29(1)(d) of the SEBI (LODR) Regulations, 2015, it is hereby informed that the Board Meeting of IDBI Bank Ltd. to be held on Tuesday, March 19, 2019 will consider the proposal for approval of Rupee BondBorrowing limit of Z 4000 crore for FY 2019-20. |
| Other business matters | To consider other business matters- granting of in-principle approval to theproposed Employee Stock Purchase Scheme (ESPS) for employees of the Banksubject to Shareholders' approval and other statutory/regulatory approvals, ifany, |
| Fund Raising | To consider Fund Raising |
| Financial Results | To consider and approve the financial results for the period ended March 31, 2019 |
| Financial Results | To consider and approve the financial results for the period ended Jun 30, 2019 |
| Fund Raising | To consider Fund Raising |
| Other business matters | To consider other business mattersIntimation of Board Meeting for exercise ofCall Option of Basel II IPDI & Upper Tier II Bond |
| Financial Results | To consider and approve the financial results for the period ended September 30, 2019 |
| Financial Results | To consider and approve the financial results for the period ended September 30, 2019 |
| Financial Results | To consider and approve the financial results for the period ended December 31, 2019 |
| Fund Raising | In terms of Regulation 29(1)(d) of the SEBI (LODR) Regulations, 2015, it is hereby informed that the Board Meeting of IDBI Bank Ltd. to be held on Wednesday, April 08, 2020 will consider the proposal for approval of Rupee Bond Borrowings limit of Rs.7500 crore for FY 2020-21.Kindly acknowledge receipt and take the above on record. |
| Financial Results | To consider and approve the financial results for the period ended March 31, 2020 |
| Financial Results | To consider and approve the financial results for the period ended Jun 30, 2020 |
| Financial Results | To consider and approve the financial results for the period ended September 30, 2020 |
| Fund Raising | To consider Fund Raising |
| Fund Raising | To consider Fund Raising |
| Financial Results | To consider and approve the financial results for the period ended December 31, 2020 |
| Other business matters | Board Meeting Intimation for Considering Scheme For Setting Off Accumulated Losses Of The Bank. |
| Fund Raising | To consider Fund Raising |
| Financial Results | To consider and approve the financial results for the period ended March 31, 2021 |
| Fund Raising | To consider Fund Raising |
| Other business matters | To consider other business matters |
| Financial Results | To consider and approve the financial results for the period ended Jun 30, 2021 |
| Financial Results | To consider and approve the financial results for the period ended September 30, 2021 |
| Financial Results | To consider and approve the financial results for the period ended December 31, 2021 |
| Financial results | IDBI Bank Limited has informed the Exchange about Board Meeting to be held on 02-May-2022 to consider financial statements for the period ended March 2022 |
| Financial results | IDBI Bank Limited has informed the Exchange about Board Meeting to be held on 21-Jul-2022 to consider financial statements for the period ended June 2022 |
| Financial results | IDBI Bank Limited has informed the Exchange about Board Meeting to be held on 21-Oct-2022 to consider financial statements for the period ended September 2022 |
| Financial Results | To consider and approve the financial results for the period ended December 31, 2022 |
| Dividend | Update on Board Meeting |
| Financial Results | To consider and approve the financial results for the period ended March 31, 2023 |
| Financial Results | To consider and approve the financial results for the period ended Jun 30, 2023 |
| Financial Results | To consider and approve the financial results for the period ended September 30, 2023 |
| Financial Results | To consider and approve the financial results for the period ended December 31, 2023 |
| Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2024 and dividend |
| Financial Results | To consider and approve the financial results for the period ended Jun 30, 2024 |
| Financial Results | To consider and approve the financial results for the period ended September 30, 2024 |
| Fund Raising | To consider Fund Raising |
| Financial Results | To consider and approve the financial results for the period ended December 31, 2024 |
Share Transfers of IDBI Bank Limited
Voting Results of IDBI Bank Limited
| Date of Mtg. | Mtg. Type | Resolution |
|---|---|---|
| 23-JUL-2024 | AGM | To receive, consider and adopt the Audited Financial Statements of the Bank for the year ended March 31, 2024 and the Reports of the Board of Directors & Auditors thereon and the Audited Consolidated Financial Statements of the Bank and the report of the Auditors thereon for the year ended March 31, 2024. |
| 23-JUL-2024 | AGM | To approve the re-appointment of Smt. P.V. Bharathi (DIN 06519925) as an Independent Director of the Bank, not liable to retire by rotation, for second term of four consecutive years, with effect from January 14, 2025. |
| 23-JUL-2024 | AGM | To approve the appointment of Shri Sumit Phakka (DIN: 08259618) as Deputy Managing Director (DMD) of the Bank, liable to retire by rotation, for a period of three years commencing from the date of his taking charge as DMD of the Bank, as approved by the RBI vide their letter dated May 31, 2024 and by the Board of Directors of the Bank on June 01, 2024. |
| 23-JUL-2024 | AGM | To approve Material Related Party Transactions with LIC Housing Finance Limited |
| 23-JUL-2024 | AGM | To approve Material Related Party Transactions with Life Insurance Corporation of India. |
| 23-JUL-2024 | AGM | To appoint M/s Chokshi & Chokshi LLP, Chartered Accountants (Firm Regn. No. 101872W/W100045) and M/s Suri & Co., Chartered Accountants (Firm Regn. No. 004283S), as Joint Statutory Auditors of the Bank, to hold office from the conclusion of this Annual General Meeting till the conclusion of the Twenty Third Annual General Meeting to be held in the year 2027 and fix their remuneration. |
| 23-JUL-2024 | AGM | To re-appoint Shri Jayakumar S. Pillai (DIN: 10041362), Deputy Managing Director as Rotational Director who retires by rotation and, being eligible, offers himself for reappointment. |
| 23-JUL-2024 | AGM | To re-appoint Shri Raj Kumar (DIN: 06627311), LIC Nominee Director as Rotational Director who retires by rotation and, being eligible, offers himself for re-appointment. |
| 23-JUL-2024 | AGM | To declare dividend on equity shares of the Bank for the financial year 2023-24. |
| 19-NOV-2023 | Postal Ballot | Appointment of Shri Ajay Prakash Sawhney (DIN: 03359323) as an Independent Director, not liable to retire by rotation, on the Board of the Bank for a term of 4 consecutive years w.e.f. August 28, 2023. |
| 13-JUL-2023 | AGM | To adopt the Audited Financial Statements including Consolidated Financial Statements of IDBI Bank for the year ended March 31, 2023 along with Reports of Board of Directors and Auditors thereon. |
| 13-JUL-2023 | AGM | To approve the alteration of Articles of Association of IDBI Bank. |
| 13-JUL-2023 | AGM | To approve Material Related Party Transactions with IDBI Capital Market & Securities Ltd. |
| 13-JUL-2023 | AGM | To approve Material Related Party Transactions with Life Insurance Corporation of India. |
| 13-JUL-2023 | AGM | To appoint Shri Jayakumar S. Pillai (DIN: 10041362) as Deputy Managing Director (DMD) of the Bank for a period of three years w.e.f June 12, 2023, as approved by Board and the RBI. |
| 13-JUL-2023 | AGM | To reappoint Shri Sushil Kumar Singh (DIN: 09584577) as Rotational Director, during his tenure as GOI Nominee Director who retires at the 19th AGM and, being eligible, offers himself for reappointment. |
| 13-JUL-2023 | AGM | To reappoint Shri Manoj Sahay (DIN: 08711612) as Rotational Director, during his tenure as GOI Nominee Director who retires at the 19th AGM and, being eligible, offers himself for reappointment. |
| 13-JUL-2023 | AGM | To declare dividend of Re.1 on equity shares of face value of Rs. 10/- each of the Bank for the FY 2022-23 |
| 31-JAN-2023 | Postal Ballot | Alteration of Authorised Share Capital of the Bank to comply with Section 12(1)(i) of the Banking Regulation Act, 1949. |
| 31-JAN-2023 | Postal Ballot | Re-appointment of Shri Suresh Kishinchand Khatanhar (DIN: 03022106) as Deputy Managing Director (DMD) of the Bank for a period of one year w.e.f January 15, 2023, as approved by the RBI |
FAQs on IDBI Bank Limited
Disclaimer: The information provided here is for informational purposes only and should not be considered financial advice. Please do your own research and consult with a financial professional before making any investment decisions.