# Falcon's Beyond Global share price today (Falcon's Beyond Global, Inc., FBYD) > Falcon's Beyond Global, Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. FBYD · Industrials · Conglomerates · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/fbyd Sector Alpha also publishes a daily newsletter that explains one Indian stock at a time: https://newsletter.sectoralpha.in/?utm_source=sectoralpha&utm_medium=ai_text&utm_campaign=llms ## Key numbers - Price: $7.02 (−35.5% in a year) - P/E: 54.5×, over 1 year - Revenue (Jun 2026): $5.6 M (+120.4% on a year ago) - Profit (Jun 2026): −$642 K (−105.6% on a year ago) - ROE: 10%, FY25 - ROIC: −30.8%, against a −0.9% cost of capital: −29.9 points The main question: profits are rising, but only −153% of the last 2 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. ## What is the Falcon's Beyond Global share price today? Falcon's Beyond Global, Inc.'s share price was $7.02 at the close on 3 November 2026. That is 31.5% below its average price over the last 200 trading days. In the last 52 weeks it traded between $4 and $20, and at that close it sat 17% of the way up from that low. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 17 weeks running. Over the last 1 year the share price moved +16% while the S&P 500 moved +21%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 10 July 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Falcon's Beyond Global pay? Falcon's Beyond Global, Inc. pays no dividend. In the last 12 reported quarters it declared no dividend per share, so there is no payout history to chart and no yield to show. Companies like this usually keep their earnings in the business, so the cash-flow sections show where that cash goes. ## Which stock lists is Falcon's Beyond Global on? Falcon's Beyond Global is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is Falcon's Beyond Global profitable? Falcon's Beyond Global, Inc. posted a net loss of $642 K in the Jun 2026 quarter. Full-year FY25 profit was $2.3 M. That loss is 11.4% of the quarter's revenue. The same quarter a year earlier earned $11.4 M. 6 of the last 12 reported quarters were loss-making. Jun 2026 profit was −$642 K, −105.6% on a year earlier. For the full year, FY25 profit was $2.3 M (−89.6% on the year before). ## How much revenue does Falcon's Beyond Global make, and is it growing? Falcon's Beyond Global, Inc. reported $5.6 M of revenue in the Jun 2026 quarter, +120.4% on the same quarter a year earlier. That is the 6th quarter in a row with growth on the year before. Over 4 years it has grown 25.2% a year on average. The last full year, FY25, came in at $14.9 M. The last four reported quarters add to $21.6 M. FY25 revenue was $14.9 M, +120.8% on the year before. Recent pace: the last four quarters grew +203.7% on average, against 25.2% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +181.4%, against +75.3% a year over the last 8 quarters (accelerating). ## How much of every $100 of sales does Falcon's Beyond Global keep? Falcon's Beyond Global, Inc. has almost no sales yet: FY25 revenue was $14.9 M. On sales that small an operating margin is not a useful reading, so this section is left out until sales grow. ## Is Falcon's Beyond Global's profit turning into cash? Over the last 2 years Falcon's Beyond Global, Inc.'s operations used more cash than they brought in, so cash conversion was −153%, a gap worth watching. In FY25 its operations used $24.6 M of cash, against $2.3 M of profit. After $153 K of spending on assets, free cash was −$24.8 M: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does Falcon's Beyond Global's cash go? Falcon's Beyond Global, Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $472 K on assets over the last 3 years. Averaged over those years that is 1.1% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $472 K over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Falcon's Beyond Global's P/E ratio, and how does it compare with its own history? Falcon's Beyond Global, Inc.'s P/E is 54.5×, with too little history to compare. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved −98.0% while the price moved −35.5%. The price did better than earnings, which pushed the multiple up within its own range. In short: there is too little history to say whether the multiple is high or low for this company, so the earnings trend underneath matters more than the multiple. ## Is the Falcon's Beyond Global business getting better or worse? Falcon's Beyond Global, Inc.'s business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 12 quarters of 2 measures, with some gaps. Why it matters: with too little history, we say so rather than guess a direction. One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result. The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone. There are fewer than eight usable quarters, so this page does not guess a direction from so little history. ## How much does Falcon's Beyond Global earn on its capital? Falcon's Beyond Global, Inc. earned a ROE of 10% in FY25. That is up from a low of −110% in FY24. Its return on capital used (ROIC) is 29.9 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. The key test, return on capital used minus the cost of capital: −30.8% − −0.9% = −29.9 percentage points. The −0.9% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. The −30.8% ROIC above is the latest reading, as reported. The yearly chart below shows FY25 at −53.9%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Falcon's Beyond Global have too much debt? Falcon's Beyond Global, Inc. has total debt of $18.6 M against shareholder equity of $29.9 M as of Jun 2026, so its debt is 0.62× its equity. Year by year, that ratio went from 1.49 in FY21 to 0.75 in FY25. Keep that borrowing in mind when reading the returns on this page. ## What is the Falcon's Beyond Global shareholding pattern? 4.8% of Falcon's Beyond Global, Inc.'s tradable shares are in short positions, which are bets that the price will fall, so some traders are betting against it. At normal trading volumes, closing those positions would take about 15.6 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is Falcon's Beyond Global from balance-sheet trouble? For Falcon's Beyond Global, Inc., the Z-score is 6.94. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is well clear of danger. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 6.94 is well clear of the danger zone, so the balance sheet is not the risk here. ## How does Falcon's Beyond Global rank in its industry? 35.6 out of 100, rank 17 of 20 in Conglomerates, with 71% of the evidence available. Falcon's Beyond Global, Inc. scores 35.6 out of 100 against the 20 companies it is compared with in Conglomerates, ranking 17. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 22.3 + 3.4 + 9 + 0.9 = 35.6. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Falcon's Beyond Global compared with? Falcon's Beyond Global ranks 17 of 20 Conglomerates companies on the 4-Factor Sector Score, with 35.6 out of 100. 1. [RCM Technologies, Inc.](https://www.sectoralpha.in/us/stocks/rcmt) RCMT · leader · Too little evidence to rank firmly · 58% evidence 71.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.5/35 · Revenue n/a · Profit n/a · Operating margin change 2.9 points · 45% evidence Capital efficiency 19.7/25 · ROCE 31.5% · Operating margin 8.5% · 76% evidence Valuation 10.2/20 · P/E 11.8× · PEG n/a · 15% evidence Relative strength 18.3/20 · Lead over its industry 26.3% · Lead over S&P 500 24.1% · 1 year 73.7% · 100% evidence · 12 of 12 weeks ahead Exact sum: 23.5 + 19.7 + 10.2 + 18.3 = 71.7 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 2. [Valmont Industries, Inc.](https://www.sectoralpha.in/us/stocks/vmi) VMI · basing · Most evidence points up · 85% evidence 66.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.7/35 · Revenue 4.6% · Profit 100% · Operating margin change 2.2 points · 95% evidence Capital efficiency 20.1/25 · ROCE 22.2% · Operating margin 15.7% · 76% evidence Valuation 13.2/20 · P/E 17.1× · PEG 0.58 · 65% evidence Relative strength 7.2/20 · Lead over its industry -8.4% · Lead over S&P 500 -10.1% · 1 year 7.4% · 100% evidence · 0 of 12 weeks ahead Exact sum: 25.7 + 20.1 + 13.2 + 7.2 = 66.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Honeywell International Inc.](https://www.sectoralpha.in/us/stocks/hon) HON · quiet · Too little evidence to rank firmly · 56% evidence 59.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.2/35 · Revenue n/a · Profit n/a · Operating margin change 6.7 points · 39% evidence Capital efficiency 16.6/25 · ROCE 11.2% · Operating margin 16.9% · 76% evidence Valuation 9.3/20 · P/E 37.6× · PEG n/a · 15% evidence Relative strength 10.2/20 · Lead over its industry -4.5% · Lead over S&P 500 -6% · 1 year 10.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 23.2 + 16.6 + 9.3 + 10.2 = 59.3 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 4. [Pampa Energía S.A.](https://www.sectoralpha.in/us/stocks/pam) PAM · quiet · Evidence leans up · 75% evidence 59.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.7/35 · Revenue 28.9% · Profit 29.2% · Operating margin change n/a · 67% evidence Capital efficiency 15.2/25 · ROCE 6.7% · Operating margin 45.1% · 76% evidence Valuation 14.9/20 · P/E 8.1× · PEG 0.27 · 65% evidence Relative strength 3.4/20 · Lead over its industry -20.4% · Lead over S&P 500 -21.4% · 1 year -20.8% · 100% evidence · 0 of 12 weeks ahead Exact sum: 25.7 + 15.2 + 14.9 + 3.4 = 59.2 · What this means: Earnings are strong; relative strength in its sector is -20.4% and the one-year return is -20.8%. 5. [Deluxe Corporation](https://www.sectoralpha.in/us/stocks/dlx) DLX · quiet · Evidence leans up · 81% evidence 56.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.2/35 · Revenue 0.2% · Profit 74.1% · Operating margin change 0.1 points · 83% evidence Capital efficiency 15.9/25 · ROCE 12.2% · Operating margin 12.2% · 76% evidence Valuation 15.5/20 · P/E 10.9× · PEG 0.23 · 65% evidence Relative strength 5.2/20 · Lead over its industry -13.6% · Lead over S&P 500 -15.1% · 1 year 6.2% · 100% evidence · 0 of 12 weeks ahead Exact sum: 20.2 + 15.9 + 15.5 + 5.2 = 56.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [3M Company](https://www.sectoralpha.in/us/stocks/mmm) MMM · basing · Evidence leans up · 85% evidence 55.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 15.2/35 · Revenue 1.7% · Profit 4.8% · Operating margin change -0.7 points · 95% evidence Capital efficiency 18.9/25 · ROCE 18.3% · Operating margin 23.7% · 76% evidence Valuation 4.7/20 · P/E 23.9× · PEG 3.33 · 65% evidence Relative strength 16.2/20 · Lead over its industry 5.3% · Lead over S&P 500 3.9% · 1 year 7.4% · 100% evidence · 3 of 12 weeks ahead Exact sum: 15.2 + 18.9 + 4.7 + 16.2 = 55 · What this means: Relative strength against the index is 3.9%, and revenue and profit growth are weak. 7. [Tejon Ranch Co.](https://www.sectoralpha.in/us/stocks/trc) TRC · turning · Evidence leans down · 74% evidence 47.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.3/35 · Revenue 26.7% · Profit n/a · Operating margin change 51.2 points · 62% evidence Capital efficiency 7.4/25 · ROCE -0.1% · Operating margin 2.4% · 76% evidence Valuation 8.2/20 · P/E 83.6× · PEG 1.63 · 65% evidence Relative strength 8.7/20 · Lead over its industry -9.5% · Lead over S&P 500 -11.1% · 1 year 1.6% · 100% evidence · 0 of 12 weeks ahead Exact sum: 23.3 + 7.4 + 8.2 + 8.7 = 47.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. Mammoth Energy Services, Inc. TUSK · quiet · Evidence leans down · 64% evidence 47.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.7/35 · Revenue 57.9% · Profit n/a · Operating margin change 45.2 points · 62% evidence Capital efficiency 4.0/25 · ROCE -8.1% · Operating margin -7.7% · 76% evidence Valuation 10.3/20 · P/E 11.5× · PEG n/a · 15% evidence Relative strength 15.5/20 · Lead over its industry 17.2% · Lead over S&P 500 14.7% · 1 year 59.9% · 100% evidence · 1 of 12 weeks ahead Exact sum: 17.7 + 4 + 10.3 + 15.5 = 47.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. DMC Global Inc. BOOM · turning · Evidence leans down · 64% evidence 47.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 11.2/35 · Revenue -4.7% · Profit n/a · Operating margin change -0.2 points · 62% evidence Capital efficiency 5.8/25 · ROCE -1.1% · Operating margin 3.5% · 76% evidence Valuation 11.3/20 · P/E -6.4× · PEG n/a · 15% evidence Relative strength 19.0/20 · Lead over its industry 28.5% · Lead over S&P 500 26.6% · 1 year 46.7% · 100% evidence · 2 of 12 weeks ahead Exact sum: 11.2 + 5.8 + 11.3 + 19 = 47.3 · What this means: Relative strength against the index is 26.6%, and revenue and profit growth are weak. 10. [NN, Inc.](https://www.sectoralpha.in/us/stocks/nnbr) NNBR · losing its lead · Evidence leans down · 61% evidence 46.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.4/35 · Revenue 4.8% · Profit n/a · Operating margin change 2.2 points · 62% evidence Capital efficiency 4.3/25 · ROCE -7.5% · Operating margin 0.8% · 76% evidence Valuation 10.0/20 · P/E n/a · PEG n/a · 0% evidence Relative strength 15.9/20 · Lead over its industry 48.8% · Lead over S&P 500 45.3% · 1 year 124.1% · 100% evidence · 9 of 12 weeks ahead Exact sum: 16.4 + 4.3 + 10 + 15.9 = 46.6 · What this means: Relative strength against the index is 45.3%, and revenue and profit growth are weak. 11. [Compass Diversified](https://www.sectoralpha.in/us/stocks/codi) CODI · turning · Evidence leans down · 64% evidence 46.5 out of 100 Growth Capital Valuation Relative 12. [Otter Tail Corporation](https://www.sectoralpha.in/us/stocks/ottr) OTTR · quiet · Evidence leans down · 81% evidence 46.3 out of 100 Growth Capital Valuation Relative 13. [Boston Omaha Corporation](https://www.sectoralpha.in/us/stocks/boc) BOC · quiet · Evidence leans down · 64% evidence 44.9 out of 100 Growth Capital Valuation Relative 14. [FTAI Infrastructure Inc.](https://www.sectoralpha.in/us/stocks/fip) FIP · basing · Evidence leans down · 64% evidence 41.3 out of 100 Growth Capital Valuation Relative 15. [Seaboard Corporation](https://www.sectoralpha.in/us/stocks/seb) SEB · basing · Too little evidence to rank firmly · 58% evidence 40.9 out of 100 Growth Capital Valuation Relative 16. [Brookfield Business Corporation](https://www.sectoralpha.in/us/stocks/bbuc) BBUC · turning · Evidence leans down · 71% evidence 40.0 out of 100 Growth Capital Valuation Relative 17. Falcon's Beyond Global, Inc. this page FBYD · basing · Evidence leans down · 71% evidence 35.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.3/35 · Revenue 100% · Profit -136.4% · Operating margin change 106.5 points · 83% evidence Capital efficiency 3.4/25 · ROCE -37% · Operating margin -75.9% · 76% evidence Valuation 9.0/20 · P/E 85.2× · PEG n/a · 15% evidence Relative strength 0.9/20 · Lead over its industry -38.4% · Lead over S&P 500 -39.5% · 1 year -51.6% · 100% evidence · 0 of 12 weeks ahead Exact sum: 22.3 + 3.4 + 9 + 0.9 = 35.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 18. [TETRA Technologies, Inc.](https://www.sectoralpha.in/us/stocks/tti) TTI · basing · Most evidence points down · 71% evidence 31.2 out of 100 Growth Capital Valuation Relative 19. [Matthews International Corporation](https://www.sectoralpha.in/us/stocks/matw) MATW · basing · Most evidence points down · 64% evidence 28.6 out of 100 Growth Capital Valuation Relative 20. [MaxsMaking Inc.](https://www.sectoralpha.in/us/stocks/mamk) MAMK · Too little evidence to rank firmly · 31% evidence 43.7 out of 100 Growth Capital Valuation Relative Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Conglomerates](https://www.sectoralpha.in/us/sectors/conglomerates), all 20 compared on one page. ## Which companies are close to Falcon's Beyond Global in size? Falcon's Beyond Global is the 12th largest of 19 Conglomerates companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: Compass Diversified, TETRA Technologies, Inc. and Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria. Just below it: Matthews International Corporation, Tejon Ranch Co. and Boston Omaha Corporation. ### Conglomerates companies close in size 1. [Compass Diversified](https://www.sectoralpha.in/us/stocks/codi) $904 million 2. [TETRA Technologies, Inc.](https://www.sectoralpha.in/us/stocks/tti) $881 million 3. [Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y Agropecuaria](https://www.sectoralpha.in/us/stocks/cresy) $730 million 4. Falcon's Beyond Global, Inc. $676 million 5. [Matthews International Corporation](https://www.sectoralpha.in/us/stocks/matw) $613 million 6. [Tejon Ranch Co.](https://www.sectoralpha.in/us/stocks/trc) $440 million 7. [Boston Omaha Corporation](https://www.sectoralpha.in/us/stocks/boc) $410 million [All 19 Conglomerates companies, largest first](https://www.sectoralpha.in/us/sectors/conglomerates#all-companies) ### Companies close in size in other industries 1. [Coastal Financial Corporation](https://www.sectoralpha.in/us/stocks/ccb) $668 million · Banks - Regional 2. [Janus International Group, Inc.](https://www.sectoralpha.in/us/stocks/jbi) $667 million · Building Products & Equipment 3. Falcon's Beyond Global, Inc. $665 million 4. [Ginkgo Bioworks Holdings, Inc.](https://www.sectoralpha.in/us/stocks/dna) $663 million · Biotechnology 5. [ADS-TEC Energy PLC](https://www.sectoralpha.in/us/stocks/adse) $661 million · Electrical Equipment & Parts ## What else do people ask about Falcon's Beyond Global? ### What were Falcon's Beyond Global's latest quarterly results? Falcon's Beyond Global, Inc. reported revenue of $5.6 M and a net loss of $642 K for the Jun 2026 quarter. Revenue rose 120.4% and profit fell 105.6% compared with a year earlier. Earnings per share were −$0.01 (as of 3 November 2026). ### What is Falcon's Beyond Global's market cap? Falcon's Beyond Global, Inc.'s market capitalisation is $676 M at a stock price of $7.02. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Falcon's Beyond Global performing? Falcon's Beyond Global, Inc.'s latest readings are below. In its latest quarter, revenue rose 120.4% and profit fell 105.6% compared with a year earlier. Over the past 13 weeks it has done worse than the S&P 500, for 17 weeks running. This describes what the data did, not a rating (as of 3 November 2026). ### Will Falcon's Beyond Global's stock price go up? This page does not forecast Falcon's Beyond Global, Inc.'s stock price. What it shows instead: the stock price is $7.02. Nobody can reliably say which way a price will move, and this site does not try (as of 3 November 2026). ### What could break the Falcon's Beyond Global story? The main question: profits are rising, but only −153% of the last 2 years' profit came in as cash from operations. The gap between reported profit and actual cash is the thing to watch. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Falcon's Beyond Global a stock worth studying right now? What the numbers show: Falcon's Beyond Global, Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether the cash starts to follow the profit. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.