Last Update Time:
12-Mar-2025 16:00:00
ISIN:
INE211B01039
Sector:
Realty
Symbol:
PHOENIXLTD
The Phoenix Mills Limited
₹1,600.25
₹-56.60
(-3.42%)
▼
Prev. Close
₹1,656.85
Open
₹1,647.05
Close
₹1,601.50
Range
₹1,520.24 - ₹1,680.26
High
₹1,654.65
Low
₹1,597.55
Ind. Close
₹0.00
VWAP
₹1,617.38
The current stock price of The Phoenix Mills Limited is ₹1,600.25, with a target price range between ₹1,520.24 and ₹1,680.26. The stock has experienced a price change of ₹-56.60 (-3.42%), reflecting recent market volatility.
Today's opening price was ₹1,647.05, while the previous close stood at ₹1,656.85.
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.
The Phoenix Mills Limited Price Chart
The Phoenix Mills Limited Pre Open Market Overview: 12-Mar-2025
Key Metrics:
- IEP (Indicative Equilibrium Price): 1647.05
- Previous Close Price: 1656.85
- Change: -9.80%
- Total Traded Volume: 1,542
- Total Buy Quantity: 2,892
- Total Sell Quantity: 6,740
| Price | Buy Qty | Sell Qty |
|---|---|---|
| 1,631.75 | 102.00 | 0.00 |
| 1,633.00 | 1.00 | 0.00 |
| 1,640.00 | 228.00 | 0.00 |
| 1,641.80 | 6.00 | 0.00 |
| 1,643.00 | 2.00 | 0.00 |
| 1,647.05 | 0.00 | 103.00 |
| 1,650.00 | 0.00 | 46.00 |
| 1,653.25 | 0.00 | 37.00 |
| 1,654.85 | 0.00 | 15.00 |
| 1,655.00 | 0.00 | 11.00 |
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: 2892
Total Sell Quantity: 6740
Shareholding Patterns of The Phoenix Mills Limited
Key Trade Statistics of The Phoenix Mills Limited
| Trade Information | Details |
|---|---|
| Traded Volume (Lakhs) | 3.36 |
| Traded Value (₹ Cr.) | 54.33 |
| Total Market Cap (₹ Cr.) | 57,210.75 |
| Free Float Market Cap (₹ Cr.) | 29,761.49 |
| Impact cost | 0.05 |
| Quantity Traded | 335,942.00 |
| Deliverable Quantity | 152,191.00 |
| % of Quantity to Traded | 45.3 |
| Security VaR | 17.51 |
| Index VaR | N/A |
| VaR Margin | 17.51 |
| Extreme Loss Rate | 3.5 |
| Adhoc Margin | N/A |
| Applicable Margin Rate | 21.01 |
| Face Value | 2 |
Key Price Statistics of The Phoenix Mills Limited
The 52-week high for The Phoenix Mills Limited was ₹2,068.50, recorded on 18-Jul-2024. On the other hand, the 52-week low stands at ₹1,215.40, with the lowest value recorded on 14-Mar-2024.
The upper band for trading is ₹1,822.50, and the lower band is ₹1,491.20. The price band is No Band%.
The stock's daily volatility stands at 2.69, while the annualized volatility is 51.39. The tick size for trading is ₹0.05.
| Price Information | Details |
|---|---|
| 52 Week High (18-Jul-2024) | 2,068.50 |
| 52 Week Low (14-Mar-2024) | 1,215.40 |
| Upper Band | 1,822.50 |
| Lower Band | 1,491.20 |
| Price Band (%) | No Band |
| Daily Volatility | 2.69 |
| Annualised Volatility | 51.39 |
| Tick Size | 0.05 |
Key Securities Statistics of The Phoenix Mills Limited
| Securities Information | Details |
|---|---|
| Status | Listed |
| Trading Status | Active |
| Date of Listing | 23-Apr-2007 |
| Adjusted P/E | 44.53 |
| Symbol P/E | 44.08 |
| Index | NIFTY MIDCAP 50 |
| Macro-Economic Sector | Consumer Discretionary |
| Sector | Realty |
| Industry | Realty |
| Basic Industry | Residential Commercial Projects |
Security Status of The Phoenix Mills Limited
| Title | Details |
|---|---|
| Board Status | Main |
| Trading Segment | Normal Market |
| Session No. | - |
| Class of Shares | Equity |
| SDD Compliance | - |
| Name of Compliance Officer | - |
Announcements of The Phoenix Mills Limited
| Subject | Date |
|---|---|
| Outcome of Board Meeting | - |
| Alteration Of Capital and Fund Raising-XBRL | 01-Mar-2025 |
| ESOP/ESOS/ESPS | 01-Mar-2025 |
| Analysts/Institutional Investor Meet/Con. Call Updates | 25-Feb-2025 |
| Analysts/Institutional Investor Meet/Con. Call Updates | 20-Feb-2025 |
| Analysts/Institutional Investor Meet/Con. Call Updates | 18-Feb-2025 |
| Analysts/Institutional Investor Meet/Con. Call Updates | 14-Feb-2025 |
| Analysts/Institutional Investor Meet/Con. Call Updates | 13-Feb-2025 |
Corporate Actions of The Phoenix Mills Limited
| Face Value | Purpose | Ex-Date |
|---|---|---|
| 2 | Bonus 1:1 | 20-Sep-2024 |
| 2 | Dividend - Rs 5 Per Share | 20-Aug-2024 |
| 2 | Annual General Meeting/Dividend - Rs 5 Per Share | 15-Sep-2023 |
| 2 | Annual General Meeting/Dividend - Rs 2.40 Per Share | 12-Sep-2022 |
| 2 | Annual General Meeting/Dividend - Re 1 Per Share | 16-Sep-2021 |
| 2 | Annual General Meeting | 17-Sep-2020 |
| 2 | Annual General Meeting/Dividend - Rs 3 Per Share | 17-Sep-2019 |
| 2 | Annual General Meeting/Dividend Rs 2.6 Per Share | 11-Sep-2018 |
| 2 | Annual General Meeting/Dividend - Rs 2.40 Per Share | 18-Sep-2017 |
| 2 | Annual General Meeting/Dividend - Re 0.45/- Per Share | 31-Aug-2016 |
| 2 | Interim Dividend - Rs 1.75/- Per Share | 17-Mar-2016 |
| 2 | Annual General Meeting/ Dividend - Rs 2.20 Per Share | 02-Sep-2015 |
| 2 | Annual General Meeting / Dividend - Rs 2.20/- Per Share | 13-Aug-2014 |
| 2 | Annual General Meeting / Dividend - Rs 2.20/- Per Share | 12-Aug-2013 |
| 2 | Annual General Meeting And Dividend Rs.2/- Per Share | 10-Aug-2012 |
| 2 | Annual General Meeting/Dividend Rs 1.80 Per Share | 09-Sep-2011 |
| 2 | Annual General Meeting And Final Dividend Rs.1.20 Per Share | 17-Sep-2010 |
| 2 | Agm/Div-Re.1/- Per Share | 11-Sep-2009 |
| 2 | Agm/Dividend - 50% | 12-Sep-2008 |
| 2 | Fv Split Rs.10/- To Rs.2/ | 13-Feb-2008 |
Board Meetings of The Phoenix Mills Limited
Financial Results of The Phoenix Mills Limited
Company Directory of The Phoenix Mills Limited
| Web Address | Office | Address | City |
|---|---|---|---|
| www.thephoenixmills.com | Head Office/ Corporate Office | Shree Laxmi Woolen Mills Estate, 2nd floor, R.R. Hosiery, Off. Dr.E. Moses Road, Mahalaxmi | MUMBAI |
| www.thephoenixmills.com | Registered Office | 462, Senapati Bapat Marg, Lower Parel, | MUMBAI |
| www.thephoenixmills.com | Transfer Agent | Link Intime India Pvt. Ltd. C-101, 247 Park, L.B.S.Marg, Vikhroli (W), Mumbai | MUMBAI |
Insider Trading of The Phoenix Mills Limited
| Reg. Clause | Acq./Disp. | Sec. Value | Txn Type |
|---|---|---|---|
| 7(2) | Atul Ruia | 125089004 | Buy |
| 7(2) | Sharmila Dalmia | 125089004 | Sell |
| 7(2) | Atul Ruia | 151307957 | Buy |
| 7(2) | Sharmila Dalmiya | 151307957 | Sell |
| 7(2) | Rashmi Sen | 3320891 | Sell |
| 7(2) | Rajesh Ramesh Kulkarni | 4383720 | Sell |
| 7(2) | Rashmi Sen | 2159625 | Buy |
| 7(2) | Varun Parwal | 431925 | Buy |
| 7(2) | Varun Parwal | 620138 | Buy |
| 7(2) | Rajendra Kalkar | 21957500 | Pledge |
| 7(2) | Haresh Morarjkar | 12846000 | Pledge |
| 7(2) | Amit Kumar | 9661300 | Pledge |
| 7(2) | Amit Kumar | 9095350 | Buy |
| 7(2) | Rajendra Kalkar | 20671250 | Buy |
| 7(2) | Haresh Morarjkar | 12402750 | Buy |
| 7(2) | Rajesh Ramesh Kulkarni | 8268500 | Buy |
| 7(2) | Rashmi Sen | 2025775 | Sell |
| 7(2) | Rashmi Sen | 3307400 | Buy |
| 7(2) | Amla Ashokkumar Ruia | 368971723 | Sell |
| 7(2) | Kavita Khaitan Beneficiary Trust | 368971723 | Buy |
Annual Reports of The Phoenix Mills Limited
Investor Complaints of The Phoenix Mills Limited
Event Calendar of The Phoenix Mills Limited
| Purpose | Details |
|---|---|
| Financial Results | Amongst other matters consider and approve: (1) The Quarterly Financial Results for the first quarter ended June 30, 2007. (2) The Limited Review Report of the Statutory Auditor for the above quarterly result. |
| Results/Dividend | The Board shall, inter alia, consider: 1) Audited financial results for the year ended March 31, 2010. 2) Audited Consolidated Financial Results for the year ended March 31, 2010.(3) Dividend for the year 2009-10. (4) Unaudited financial results for the quarter ended June, 30, 2010. |
| Results/Others | Inter-alia, among other things to consider Unaudited Financial Results for the quarter ended December 31, 2010. |
| Results/Others | Inter alia, among other things to consider Unaudited Financial Results for the quarter ended March 31, 2011. |
| Results/Others | Inter alia, among other things to consider Audited Financial Results for the financial year ended March 31, 2011 and Unaudited Financial Results for the quarter ended June 30, 2011. |
| Results/Others | Inter alia, among other things to consider Unaudited Financial Results for the quarter ended December 31, 2011. |
| Results/Dividend | Inter alia to consider the following : (1) Audited Financial Results of the Company for the quarter and year ended March 31, 2012; (2) Audited Consolidated Financial Results of the Company for the quarter and year ended March 31, 2012; (3) To recommend Dividend, if any, for the year ended March 31, 2012. |
| Board Meeting Postponed | The Company had informed the Exchange regarding a Board meeting to be held on January 23, 2013. The Company has now informed the Exchange that the said Board Meeting stand postponed to January 28, 2013. |
| Results | Inter alia to consider the following: (1) Audited Financial Results of the Company for the quarter and year ended March 31, 2013. (2) Audited Consolidated Financial Results of the Company for the quarter and year ended March 31, 2013. |
| Results/Dividend | The Company had informed the Exchange that a meeting of the Board of Directors of the Company will be held on May 30, 2013 inter alia to consider the following: (1) Audited Financial Results of the Company for the quarter and year ended March 31, 2013. (2) Audited Consolidated Financial Results of the Company for the quarter and year ended March 31, 2013. The Company has now informed the Exchange that at the aforesaid Board Meeting to be held on May 30, 2013, the Board will also consider recommending Dividend for the year ended March 31, 2013. (Purpose Revised) |
| Results | Inter alia to consider Unaudited Financial Results for the quarter ended June 30, 2013. |
| Results | Inter alia to consider Unaudited Financial Results for the quarter ended September 30, 2013. |
| Results | inter alia to consider the Unaudited Financial Results for the quarter ended September 30, 2013. |
| Results | inter alia, to consider the following: (1) Audited Financial Results of the Company for the quarter and year ended March 31, 2014.(2). Audited Consolidated Financial Results of the Company for the year ended March 31, 2014.Further, the Trading Window for dealing in the shares of the Company shall remain closed for the period from May 14, 2014 to May 29, 2014 (both days inclusive). |
| Results/Dividend | The Company had informed the Exchange regarding a meeting of the Board of Directors of the Company to be held on May 28, 2014 inter alia, to consider the following: (1) Audited Financial Results of the Company for the quarter and year ended March 31, 2014.(2). Audited Consolidated Financial Results of the Company for the year ended March 31, 2014. The Company has now informed the Exchange that the Board of Directors of the Company will consider recommending Dividend for the year ended March 31, 2014.(Purpose revised). |
| Results | Inter alia to consider and take on record the Un-audited Financial Results for the quarter ended June 30, 2014. |
| Results | Inter alia to consider and take on record the Un-audited Financial Results of the Company for the second quarter and half year ended September 30, 2014. |
| Results | inter alia to consider and take on record the Un-audited Financial Results of the Company for the third quarter and nine months ended December 31, 2014. |
| Raising of Funds | Inter alia to consider raising of funds through Qualified Institutional Placement. |
| Results/Dividend | The Company had informed the Exchange regarding a meeting of the Board of Directors of the Company schedule to be held May 28, 2015 Inter alia to consider and take on record the Audited Standalone and Consolidated Financial Results of the Company for the fourth quarter and financial year ended March 31, 2015. The Company has now informed the Exchange that the meeting of the Board of Directors of the Company will consider recommending Dividend for the year ended March 31, 2015, (Purpose Revised). |
| Results | Inter alia to consider and take on record the Audited Standalone and Consolidated Financial Results of the Company for the fourth quarter and financial year ended March 31, 2015. |
| Results | inter alia to consider and take on record the Un-audited Financial Results for the first quarter and three months ended June 30, 2015. |
| Results | Inter alia to consider and take on record, the Un-audited Financial Results for the second quarter and half year ended September 30, 2015. |
| Results | inter alia to consider and take on record the Un-audited Financial Results for the third quarter and nine months ended December 31, 2015. |
| Dividend | inter alia to consider and declare Interim Dividend for the financial year 2015-16. |
| Results | Inter alia to consider and take on record the Audited Standalone and Consolidated Financial Results of the Company for the fourth quarter and financial year ended March 31, 2016. |
| Results/Dividend | The Company had informed the Exchange regarding a meeting of the Board of Directors of the Company schedule to be held May 13, 2016 Inter alia to consider and take on record the Audited Standalone and Consolidated Financial Results of the Company for the fourth quarter and financial year ended March 31, 2016. The Company has now informed the Exchange that the Board of Directors of the Company will also consider recommending Final Dividend for the financial year ended March 31, 2016 .(purpose revised). |
| Results | inter alia to consider and take on record the Un-audited Standalone and Consolidated Financial Results of the Company for the first quarter and three months ended June 30, 2016. |
| Results | inter alia to consider and take on record the Un-audited Standalone and Consolidated Financial Results of the Company for the second quarter and half year ended September 30, 2016. Further as per The Phoenix Mills Code of Conduct for Regulating and Reporting Trading by Insiders, 2015, the Trading Window for dealing in the securities of the Company shall remain closed with immediate effect i.e. for the period from November 4, 2016 till November 16, 2016 (both days inclusive). |
| Results | Inter alia to consider and take on record the Un-audited Standalone and Consolidated Financial Results of the Company for the third quarter and nine months ended December 31, 2016. |
| Results | inter alia to consider and take on record the Audited Standalone and Consolidated Financial Results of the Company for the fourth quarter and financial year ended March 31, 2017. For the purpose of the above and as per The Phoenix Mills Code of Conduct for Regulating and Reporting Trading by Insiders, 2015, the Trading Window for dealing in the securities of the Company shall remain closed with immediate effect i.e. for the period from May 2, 2017 till May 12, 2017 (both days inclusive). |
| Results/Dividend | The Company had informed the Exchange regarding the meeting of the Board of Directors of the Company scheduled to be held on May 10, 2017 inter alia to consider and take on record the Audited Standalone and Consolidated Financial Results of the Company for the fourth quarter and financial year ended March 31, 2017. The Company has now informed the Exchange that Board Meeting also consider recommending Final Dividend for the financial year ended March 31, 2017 ( Purpose Revised). |
| Results | inter alia to consider and take on record the Unaudited Standalone and Consolidated Financial Results of the Company for the first quarter and three months ended June 30, 2017. |
| Results | inter alia to consider and take on record the Unaudited Standalone and Consolidated Financial Results of the Company for the second quarter and half year ended September 30, 2017. |
| Results | inter alia to consider and take on record the Unaudited Standalone and Consolidated Financial Results of the Company for the third quarter and nine months ended December 31, 2017. |
| Dividend | To consider dividend |
| Financial Results | To consider and approve the financial results for the period ended March 31, 2018 |
| Financial Results | To consider and approve the financial results for the period ended Jun 30, 2018 |
| 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 |
| Dividend | Further to our letter dated May 06, 2019 and pursuant to Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to intimate you that the Board of Directors of the Company will consider recommending Final Dividend for the Financial Year ended March 31, 2019 at their meeting scheduled to be held on Wednesday, May 15, 2019. |
| 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 |
| 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 | Further to our intimation dated June 20, 2020 and pursuant to Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of The Phoenix Mills Limited ( Company ) at their meeting scheduled to be held on June 29, 2020 will consider, among other things, a proposal to raise funds by way of issue of the Company s securities (Equity and/or Convertible Instruments), through a rights issue / preferential issue / qualified institutions placement, subject to obtaining requisite regulatory / statutory approvals. |
| 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 |
| Financial Results | To consider and approve the financial results for the period ended December 31, 2020 |
| Dividend | To consider dividend |
| Financial Results | To consider and approve the Audited Standalone and Consolidated Financial Results for the Quarter and Financial Year ended March 31, 2021 |
| 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 | The Phoenix Mills Limited has informed the Exchange about Board Meeting to be held on 11-Aug-2022 to consider financial statements for the period ended June 2022 |
| Financial results | The Phoenix Mills Limited has informed the Exchange about Board Meeting to be held on 08-Nov-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 | To consider dividend |
| 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 | To consider and approve the financial results for the quarter and financial year ended March 31, 2024. |
| Dividend | To consider dividend |
| Bonus | The Board of Directors of the Company may inter alia consider a proposal for issue of bonus shares to the equity shareholders of the Company. |
| 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 |
| Financial Results | To consider and approve the unaudited Standalone and Consolidated Financial Results of the Company for the quarter and nine months ended December 31, 2024. |
Share Transfers of The Phoenix Mills Limited
Voting Results of The Phoenix Mills Limited
| Date of Mtg. | Mtg. Type | Resolution |
|---|---|---|
| 13-SEP-2024 | AGM | To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2024, together with the Reports of the Board of Directors and Auditors thereon |
| 13-SEP-2024 | AGM | Approval for Issuance of Bonus Equity Shares |
| 13-SEP-2024 | AGM | Increase in Authorised Share Capital and consequent alteration to the Capital Clause of Memorandum of Association of the Company |
| 13-SEP-2024 | AGM | Payment of remuneration to Mr. Atul Ruia (DIN: 00087396) as Non- Executive Chairman of the Company |
| 13-SEP-2024 | AGM | Approval for continuation of appointment of Mr. Atul Ruia (DIN: 00087396) as a Non-Executive Chairman of the Company |
| 13-SEP-2024 | AGM | To appoint a Director in place of Mr. Shishir Shrivastava (DIN: 01266095), who retires by rotation and, being eligible, offers himself for re-appointment |
| 13-SEP-2024 | AGM | To declare a dividend of Rs. 5/- per Equity Share of the face value of Rs. 2/- each, for the Financial Year ended March 31, 2024 |
| 13-SEP-2024 | AGM | To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2024, together with the Report of the Auditors thereon |
| 30-DEC-2023 | Postal Ballot | 1. Appointment of Mr. Sumanta Datta (DIN: 09462502) as an Independent Director of the Company to hold office for a period of five consecutive years from November 08, 2023 to November 7, 2028 (both days inclusive) |
| 22-SEP-2023 | AGM | To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2023, together with the Reports of the Board of Directors and Auditors thereon. |
| 22-SEP-2023 | AGM | Appointment of Mr. Sumeet Anand (DIN: 00793753) as an Independent Director of the Company |
| 22-SEP-2023 | AGM | Appointment of Dr. Archana Hingorani (DIN: 00028037) as an Independent Director of the Company |
| 22-SEP-2023 | AGM | Appointment of Mr. Anand Khatau (DIN: 03225544) as an Independent Director of the Company |
| 22-SEP-2023 | AGM | Payment of remuneration to Mr. Atul Ruia (DIN: 00087396) as Non-executive Chairman of the Company |
| 22-SEP-2023 | AGM | Approval for appointment and payment of remuneration to Ms. Rashmi Sen (DIN: 05206417) as a Whole-time Director for a period of 5 years with effect from August 08, 2023 to August 07, 2028 |
| 22-SEP-2023 | AGM | Approval of appointment of Ms. Rashmi Sen (DIN: 05206417) as a Director |
| 22-SEP-2023 | AGM | Approval for re-appointment and payment of remuneration to Mr. Rajendra Kalkar (DIN: 03269314) as a Whole-time Director for a period of 5 years with effect from December 10, 2023 to December 09, 2028. |
| 22-SEP-2023 | AGM | To appoint a Director in place of Mr. Rajesh Kulkarni (DIN: 03134336), who retires by rotation and, being eligible, offers himself for re-appointment. |
| 22-SEP-2023 | AGM | To declare a dividend of ￂ 5per Equity Share of the face value of ￂ 2 for the Financial Year ended March 31, 2023. |
| 22-SEP-2023 | AGM | To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2023, together with the Report of the Auditors thereon. |
FAQs on The Phoenix Mills 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.