Last Update Time:
17-Mar-2025 13:53:23
ISIN:
INE337A01034
Sector:
Automobile and Auto Components
Symbol:
LGBBROSLTD
LG Balakrishnan & Bros Limited
₹1,195.70
₹9.80
(0.83%)
▲
Prev. Close
₹1,185.90
Open
₹1,200.00
Close
₹0.00
Range
₹1,135.92 - ₹1,255.49
High
₹1,200.00
Low
₹1,176.00
Ind. Close
₹0.00
VWAP
₹1,190.19
The current stock price of LG Balakrishnan & Bros Limited is ₹1,195.70, with a target price range between ₹1,135.92 and ₹1,255.49. The stock has experienced a price change of ₹9.80 (0.83%), reflecting recent market volatility.
Today's opening price was ₹1,200.00, while the previous close stood at ₹1,185.90.
The market trend suggests an uptrend, making it an attractive investment opportunity for traders seeking short-term gains.
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.
LG Balakrishnan & Bros Limited Price Chart
LG Balakrishnan & Bros Limited Pre Open Market Overview: 17-Mar-2025
Key Metrics:
- IEP (Indicative Equilibrium Price): 1200
- Previous Close Price: 1185.9
- Change: 14.10%
- Total Traded Volume: 237
- Total Buy Quantity: 1,858
- Total Sell Quantity: 695
| Price | Buy Qty | Sell Qty |
|---|---|---|
| 1,175.00 | 5.00 | 0.00 |
| 1,180.00 | 1.00 | 0.00 |
| 1,181.50 | 1.00 | 0.00 |
| 1,181.60 | 1.00 | 0.00 |
| 1,187.00 | 50.00 | 0.00 |
| 1,200.00 | 0.00 | 1.00 |
| 1,201.35 | 0.00 | 17.00 |
| 1,201.55 | 0.00 | 8.00 |
| 1,201.60 | 0.00 | 3.00 |
| 1,201.65 | 0.00 | 10.00 |
ATO Data:
- Buy Quantity (ATO): 0
- Sell Quantity (ATO): 0
Order Book
| Bid | Qty | Ask | Qty |
|---|---|---|---|
| 1,195.20 | 1 | 1,197.25 | 1 |
| 1,195.15 | 1 | 1,197.40 | 1 |
| 1,194.80 | 1 | 1,197.45 | 1 |
| 1,194.40 | 2 | 1,197.55 | 1 |
| 1,194.35 | 1 | 1,197.60 | 2 |
Total Buy Quantity: 1858
Total Sell Quantity: 695
Shareholding Patterns of LG Balakrishnan & Bros Limited
Key Trade Statistics of LG Balakrishnan & Bros Limited
| Trade Information | Details |
|---|---|
| Traded Volume (Lakhs) | 0.07 |
| Traded Value (₹ Cr.) | 0.87 |
| Total Market Cap (₹ Cr.) | 3,813.38 |
| Free Float Market Cap (₹ Cr.) | 2,472.23 |
| Impact cost | 0.14 |
| Quantity Traded | 7,052.00 |
| Deliverable Quantity | 3,914.00 |
| % of Quantity to Traded | 55.5 |
| Security VaR | 13.41 |
| Index VaR | N/A |
| VaR Margin | 13.41 |
| Extreme Loss Rate | 3.5 |
| Adhoc Margin | N/A |
| Applicable Margin Rate | 16.91 |
| Face Value | 10 |
Key Price Statistics of LG Balakrishnan & Bros Limited
The 52-week high for LG Balakrishnan & Bros Limited was ₹1,574.80, recorded on 02-Sep-2024. On the other hand, the 52-week low stands at ₹1,102.00, with the lowest value recorded on 13-Mar-2024.
The upper band for trading is ₹1,423.05, and the lower band is ₹948.75. The price band is 20%.
The stock's daily volatility stands at 2.10, while the annualized volatility is 40.12. The tick size for trading is ₹0.05.
| Price Information | Details |
|---|---|
| 52 Week High (02-Sep-2024) | 1,574.80 |
| 52 Week Low (13-Mar-2024) | 1,102.00 |
| Upper Band | 1,423.05 |
| Lower Band | 948.75 |
| Price Band (%) | 20 |
| Daily Volatility | 2.10 |
| Annualised Volatility | 40.12 |
| Tick Size | 0.05 |
Key Securities Statistics of LG Balakrishnan & Bros Limited
| Securities Information | Details |
|---|---|
| Status | Listed |
| Trading Status | Active |
| Date of Listing | 30-Mar-2010 |
| Adjusted P/E | 13.75 |
| Symbol P/E | 13.23 |
| Index | NA |
| Macro-Economic Sector | Consumer Discretionary |
| Sector | Automobile and Auto Components |
| Industry | Auto Components |
| Basic Industry | Auto Components & Equipments |
Security Status of LG Balakrishnan & Bros Limited
| Title | Details |
|---|---|
| Board Status | Main |
| Trading Segment | Normal Market |
| Session No. | - |
| Class of Shares | Equity |
| SDD Compliance | - |
| Name of Compliance Officer | - |
Announcements of LG Balakrishnan & Bros Limited
| Subject | Date |
|---|---|
| Copy of Newspaper Publication | 01-Feb-2025 |
| Integrated Filing- Financial | 31-Jan-2025 |
| Statement of deviation(s) or variation(s) under Reg. 32 | 31-Jan-2025 |
| Financial Result Updates | 31-Jan-2025 |
| Outcome of Board Meeting | 31-Jan-2025 |
| Integrated Filing- Governance | 11-Jan-2025 |
| Certificate under SEBI (Depositories and Participants) Regulations, 2018 | 09-Jan-2025 |
| Trading Window-XBRL | 24-Dec-2024 |
Corporate Actions of LG Balakrishnan & Bros Limited
| Face Value | Purpose | Ex-Date |
|---|---|---|
| 10 | Annual General Meeting/Dividend - Rs 18 Per Share | 22-Aug-2024 |
| 10 | Annual General Meeting/Dividend - Rs 16 Per Share | 18-Sep-2023 |
| 10 | Annual General Meeting/Dividend - Rs 15 Per Share | 17-Aug-2022 |
| 10 | Annual General Meeting/Dividend - Rs 10 Per Share | 01-Sep-2021 |
| 10 | Annual General Meeting | 12-Aug-2020 |
| 10 | Interim Dividend - Rs 5 Per Share | 05-Mar-2020 |
| 10 | Dividend - Rs 5 Per Share | 10-Jul-2019 |
| 10 | Annual General Meeting/Dividend- Rs 4.50 Per Share | 21-Aug-2018 |
| 10 | Bonus 1:1 | 14-Jun-2018 |
| 10 | Annual General Meeting/Dividend - Rs 7 Per Share | 19-Jul-2017 |
| 10 | Annual General Meeting/ Dividend - Re 1/- Per Share | 05-Jul-2016 |
| 10 | Interim Dividend - Rs 2.50/- Per Share (Purpose Revised) | 22-Mar-2016 |
| 10 | Interim Dividend - Rs 2.50/- Per Share (Purpose Revised) | 10-Nov-2015 |
| 10 | Annual General Meeting/Dividend - Rs 3.80 Per Share | 02-Sep-2015 |
| 10 | Interim Dividend - Rs 3.20/- Per Share | 17-Nov-2014 |
| 10 | Annual General Meeting / Final Dividend - Rs 7/- Per Share / Bonus 1 : 1 | 04-Jul-2014 |
| 10 | Interim Dividend - Rs 5/- Per Share | 13-Nov-2013 |
| 10 | Annual General Meeting / Dividend - Rs 2/- Per Share | 30-Jul-2013 |
| 10 | Interim Dividend Rs.5.50 Per Share | 07-Feb-2013 |
| 10 | Annual General Meeting And Dividend Rs.11/- Per Share | 28-Jun-2012 |
Board Meetings of LG Balakrishnan & Bros Limited
Financial Results of LG Balakrishnan & Bros Limited
Company Directory of LG Balakrishnan & Bros Limited
| Web Address | Office | Address | City |
|---|---|---|---|
| N/A | Registered Office | 6/16/13, Krishnarayapuram Road Ganapathy Post |
COIMBATORE |
| N/A | Transfer Agent | Cameo Corporate Services Ltd Subramanian Building, No.1, Club House Road, |
CHENNAI |
Insider Trading of LG Balakrishnan & Bros Limited
| Reg. Clause | Acq./Disp. | Sec. Value | Txn Type |
|---|---|---|---|
| 7(2) | B VIJAYAKUMAR | 258400000 | Buy |
| 7(2) | LG SPORTS PRIVATE LIMITED | 96900000 | Buy |
| 7(2) | LGB AUTO PRODUCTS P LTD | 96900000 | Buy |
| 7(2) | RAJSRI VIJAYAKUMAR | 193800000 | Buy |
| 7(2) | VIJAYSHREE VIJAYAKUMAR | 8999994 | Sell |
| 7(2) | VIJAYSHREE VIJAYAKUMAR | 16692671 | Sell |
| 7(2) | TRIBE HOLDINGS PRIVATE LIMITED | 11651712 | Sell |
| 7(2) | Nithin Karivarthan | 2591461 | Sell |
| 7(2) | K.ARJUN | 4480033 | Sell |
| 7(2) | Nithin Karivarthan | 17977446 | Sell |
| 7(2) | K.ARJUN | 16955503 | Sell |
| 7(2) | B Vijayakumar - Trustee, Jeshta Family Private Trust | 8228691 | Buy |
| 7(2) | Nithin Karivarthan | 21562270 | Sell |
| 7(2) | LG FARM PRODUCTS PRIVATE LIMITED | 5840157 | Buy |
| 7(2) | K.ARJUN | 77655735 | Sell |
| 7(2) | LG SPORTS PRIVATE LIMITED | 17859245 | Buy |
| 7(2) | LGB AUTO PRODUCTS P LTD | 54422641 | Buy |
| 7(2) | Nithin Karivarthan | 13400009 | Sell |
| 7(2) | Nithin Karivarthan | 9595103 | Sell |
| 7(2) | Nithin Karivarthan | 8005830 | Sell |
Annual Reports of LG Balakrishnan & Bros Limited
Investor Complaints of LG Balakrishnan & Bros Limited
Event Calendar of LG Balakrishnan & Bros Limited
| Purpose | Details |
|---|---|
| Results/Dividend | To consider the audited financial results for the quarter/ year ended March 31, 2011 and to recommend the payment of dividend for the financial year 2010 - 2011. |
| Results/Dividend | To consider the audited financial results for the quarter/ year ended March 31, 2012 and to recommend the payment of dividend for the financial year 2011-2012. |
| Results/Dividend | The Company has informed the Exchange that the meeting of Board of Directors of the Company scheduled to be held on January 29, 2012 inter-alia consider and take on record the Audited Financial Results of the company for the Third Quarter / Nine months ended December 31,2012. The Company has now informed the Exchange that the proposal for payment of Interim Dividend is also to be considered in the aforementioned Board Meeting of the Company. (Purpose Revised). |
| Results/Dividend | To consider the audited financial results for the quarter / year ended March 31, 2013 and to recommend the payment of final dividend for the financial year 2012-2013. |
| Results | To inter-alia consider and take on record the Standalone Audited Financial Results of the Company for the First Quarter/ Three Months ended June 30, 2013. |
| Results/Dividend | Inter alia to consider the following matters : (1) To consider and take on record the Standalone Audited Financial Results of the Company for the Second Quarter / Six Months ended September 30, 2013; (2) To consider the proposal of the declaration of Interim Dividend, if any, on the equity shares of the Company for the financial year 2013-14. |
| Results | To inter-alia consider and take on record the Standalone Audited Financial Results of the Company for the quarter / Nine Months ended December 31, 2013. |
| Results/Dividend | Interalia to consider the following matters: 1.To consider, approve and take on record, the Audited Standalone & Consolidated Financial Results of the Company for the quarter and year ended March 31, 2014. 2.To consider and recommend the payment of Final Dividend, if any, for the Financial Year 2013-2014. 3.To consider seeking shareholders approval under Section 180(1)(a) & 180(1)(c) of the Companies Act, 2013, Amendments of Articles and other subjects through Postal Ballot. Further, the Company has informed that In terms of the Code of Insider Trading Regulations of the Company, the TRADING WINDOW for dealing in the Company s Securities shall remain closed from Wednesday, the 07th May, 2014 till 24 hours after results are made public on 15th May, 2014 for all the directors/officers/designated employees of the Company. |
| Results | to inter-alia consider and take on record the Standalone Audited Financial Results of the Company for the First Quarter / Three Months ended June 30, 2014. In terms of the Code of Insider Trading Regulations of the Company, TRADING WINDOW for dealing in the Company's Securities shall remain closed from July 16, 2014 till 24 hours after results are made public on August 1, 2014, for all the directors/officers/designated employees of the Company. |
| Results/Dividend | : The Company had informed the Exchange that a meeting of the Board of Directors of the Company will be held on November 06, 2014, inter alia, to consider the Audited Standalone Financial Results for the Half year / Quarter ended September 30, 2014. The Company has now informed the Exchange that at the aforesaid Board Meeting, the Board of Directors will also consider declaration of 'Interim Dividend' for the year 2014-15 to its equity shareholders. (Purpose Revised). |
| Results | To inter-alia consider and take on record the Standalone Audited Financial Results of the Company for the Second Quarter / Six Months ended September 30, 2014.In terms of the Code of Insider Trading Regulations of the Company, TRADING WINDOW for dealing in the Company's Securities shall remain closed from October 27, 2014 till 24 hours after results are made public on November 06, 2014, for all the directors/officers/designated employees of the Company. |
| Results | To inter-alia consider and take on record the Standalone Audited Financial REsults of the Company for the Third Quarter / Nine Months ended December 31, 2014. |
| Results/Dividend | Interalia to consider the following matters: 1.To consider, approve and take on record, the Audited Standalone & Consolidated Financial Results of the Company for the quarter/ year ended March 31, 2015. 2.To consider and recommend the payment of Final Dividend, if any, for the Financial Year 2014-2015. |
| Results | interalia to consider and take on record the Standalone Audited Financial Results of the Company for the first Quarter/ Three Months ended June 30, 2015. |
| Results | to inter-alia consider and take on record the Standalone Audited Financial Results of the Company for the Second Quarter / Six Months ended September 30, 2015 and the Board may consider the proposal for the payment of lnterim dividend for the financial year 2015-2016. |
| Results | To inter-alia consider and take on record the standalone Audited Financial Results of the Company for the Third Quarter / Nine Months ended December 31, 2015. |
| Dividend | To inter-alia to consider and declare second interim dividend for the financial year 20 15-2016 and fixation of record date for the same, if declared. |
| Results/Dividend | interalia to consider the following matters:(1).To consider, approve and take on record, the Audited Standalone & Consolidated Financial Results of the Company for the quarter / year ended March 31, 2016.(2).To consider and recommend the payment of Final Dividend, if any, for the Financial Year 2015-2016. |
| Results | to inter-alia consider and take on record the Standalone Audited Financial Results of the Company for the First Quarter ended June 30, 2016. |
| Results | To inter-alia consider and take on record the Standalone Audited Financial Results of the Company for the Second Quarter/ Six Months ended September 30, 2016. |
| Results | To inter-alia consider and to take on record the Standalone Audited Financial Results of the Company for the Third Quarter / Nine months ended December 31, 2016. |
| Stock split | inter alia to consider the following matters:.(1) To consider Sub-division of equity shares of the Company. |
| Results/Dividend | Inter alia to consider the following matters: 1. To consider, approve and take on record, the Audited Standalone & Consolidated Financial Results of the Company for the quarter / year ended March 31, 2017. 2. To consider and recommend the payment of Dividend, if any, for the Financial Year 2016-2017. 3. To consider Sub-division of equity shares of the Company. 4. To consider merger of our wholly owned subsidiary Company namely BCW V Tech India Private Limited with the Company. |
| Results | To inter-alia consider and take on record the Standalone Audited Financial Results of the Company for the First Quarter ended June 30, 2017. |
| Results | To inter-alia consider and take on record the Standalone Audited Financial Results of the Company for the Second Quarter ended September 30, 2017. |
| Results | To inter-alia consider and take on record the Standalone Audited Financial Results of the Company for the Third Quarter ended December 31, 2017. |
| Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2018 and dividend |
| Financial Results | Board Meeting to consider Audited Standalore Financial Results for the First Quarter ended 30th June, 2018 |
| Other business matters | To consider other business matters |
| Financial Results | To consider and approve the financial results for the period ended September 30, 2018 |
| Financial Results | To consider and approve the financial results for the period ended December 31, 2018 |
| Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2019 and dividend |
| Financial Results | To consider and approve the financial results for the period ended Jun 30, 2019 |
| Financial Results | To consider and approve the financial results for the period ended September 30, 2019 |
| Financial Results | Board Meeting to consider Audited Financial Results for the Third Quarter and Nine Months ended 31st December, 2019 |
| Dividend | Board Meeting to consider the proposal of interim dividend for the financial year ending 2019-2020. |
| Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2020 and dividend |
| 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 |
| Financial Results | To consider and approve the financial results for the period ended December 31, 2020 |
| Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2021 and dividend |
| 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 | LG Balakrishnan & Bros Limited has informed the Exchange about Board Meeting to be held on 30-Jul-2022 to consider financial statements for the period ended June 2022 |
| Financial results | LG Balakrishnan & Bros Limited has informed the Exchange about Board Meeting to be held on 31-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 |
| Financial Results/Dividend | Intimation of Board Meeting for approval of Audited Financial Results for the quarter and financial year ended 31st March, 2023 and Closure of Trading Window |
| Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2022 and dividend |
| Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2023 and dividend |
| Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2023 and dividend |
| 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/Fund Raising | To consider and approve the financial results for the period ended December 31, 2023 and Fund Raising |
| Other business matters | Pursuant to Regulation 29(1) of the Listing Regulations, this is to inform that a meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, 13th March, 2024 to, inter alia, consider and approve the allotment of 5,00,000 (five lakhs) Warrants fully convertible into, or exchangeable for, 1 (one) fully paid-up Equity Share of the Company having face value of Rs. 10/- each (Rupees Ten only) ( Warrants ) to Sri.B.Vijayakumar (Promoter), Smt. Rajsri Vijayakumar (Promoter Group), M/s.L.G.B.Auto Products Private Limited (Promoter Group) and M/s.L.G.Sports Private Limited (Promoter Group) on a preferential basis, as approved by members at their Serial No.01/2023-24 Extra Ordinary General Meeting held on 2nd March, 2024, for a consideration of Rs.1,292/- per Warrant in compliance with the provisions of Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, the provisions of Section(s) 23(1)(b), 42 and 62(1)(c) of the Companies Act, 2013, subject to such requisite approvals as may be necessary in this regard. |
| Financial Results | To consider and approve the financial results for the period ended March 31, 2024 |
| Financial Results | To consider and approve the financial results for the period ended Jun 30, 2024 |
| Other business matters | To consider other business matters |
| Financial Results | To consider and approve the financial results for the period ended September 30, 2024 |
| Financial Results | To consider and approve the financial results for the period ended December 31, 2024 |
Share Transfers of LG Balakrishnan & Bros Limited
Voting Results of LG Balakrishnan & Bros Limited
| Date of Mtg. | Mtg. Type | Resolution |
|---|---|---|
| 11-OCT-2024 | Postal Ballot | Approval for the appointment of Smt. Sadhana Vidhya Shankar (DIN: 10753375) as a Non-Executive Independent Director of the Company for a first term of five (5) consecutive years with effect from September 01, 2024 |
| 29-AUG-2024 | AGM | Adoption of the Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended March 31, 2024 together with the Reports of the Board of Directors and the Auditors thereon |
| 29-AUG-2024 | AGM | Ratification of the remuneration payable to Dr. G. L. Sankaran (Membership No.4482), Cost Auditor for the financial year 2024-2025 |
| 29-AUG-2024 | AGM | Approval for the re-appointment of Sri. B. Vijayakumar (DIN:00015583) as an Executive Chairman for a further period of 5 years with effect from January 01, 2025 and the remuneration payable to him |
| 29-AUG-2024 | AGM | Appointment of Sri. J Dinesh Kumar (DIN: 10586227) as a Non-Executive Independent Director of the Company for the first term of five (5) consecutive years with effect from September 01, 2024 |
| 29-AUG-2024 | AGM | Re-appointment of Sri.P.Prabakaran (DIN:01709564), as Director, who retires by rotation |
| 29-AUG-2024 | AGM | Re-appointment of Smt. Rajsri Vijayakumar (DIN: 00018244), as Director, who retires by rotation |
| 29-AUG-2024 | AGM | Declaration of dividend of Rs.18/- per Equity Share for the financial year ended 31st March, 2024 |
| 02-MAR-2024 | EGM | Approval for the re-appointment of Smt. Kanchana Manavalan (DIN: 07497403) as an Independent Director of the Company for the second term of five consecutive years with effect from January 31, 2024 |
| 02-MAR-2024 | EGM | Approval to offer, issue and allot 5,00,000 (Five lakhs) warrants fully convertible into equity shares to the Promoter and certain member(s) of the Promoter Group of the Company on preferential basis |
| 02-MAR-2024 | EGM | Approval for the re-appointment of Sri. Rajiv Parthasarathy (DIN: 02495329) as Executive Director for a further period of 5 years with effect from August 01, 2024 and the remuneration payable to him |
| 02-MAR-2024 | EGM | Approval for the re-appointment of Sri.P.Prabakaran (DIN:01709564) as Managing Director for a further period of 5 years with effect from June 01, 2024 and the remuneration payable to him |
| 02-MAR-2024 | EGM | Approval for the re-appointment of Sri.G.D.Rajkumar (DIN: 00197696) as an Independent Director of the Company for the second term of five consecutive years with effect from April 29, 2024 |
| 25-SEP-2023 | AGM | Adoption of the Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended March 31, 2023 together with the Reports of the Board of Directors and the Auditors thereon |
| 25-SEP-2023 | AGM | Ratification of the remuneration payable to Dr. G. L. Sankaran (Membership No.4482), who was appointed by the Board of Directors as Cost Auditor for the financial year 2023-24. |
| 25-SEP-2023 | AGM | Re-appointment of Smt. Rajsri Vijayakumar (DIN: 00018244) as a Director, who retires by rotation |
| 25-SEP-2023 | AGM | Re-appointment of Sri. B. Vijayakumar (DIN: 00015583) as a Director, who retires by rotationt |
| 25-SEP-2023 | AGM | Declaration of dividend of Rs.16/- per equity share for the financial year ended March 31, 2023 |
| 18-DEC-2022 | Postal Ballot | Approval to re-designate Sri. B. Vijayakumar (DIN: 00015583), who is presently the Chairman and Managing Director, as ￢ﾀﾜExecutive Chairman￢ﾀﾝ and approval of the variation in the terms of payment of remuneration to him for the remaining period of his tenure as ￢ﾀﾜExecutive Chairman￢ﾀﾝ effective from January 01, 2023. |
| 18-DEC-2022 | Postal Ballot | Approval for the variation in the terms of payment of remuneration to Sri. P. Prabakaran (DIN: 01709564), Managing Director of the Company for the remaining period of his current tenure effective from January 01, 2023 |
FAQs on LG Balakrishnan & Bros 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.