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Stocks · BSE 531304 · industry unknown

NUTECH GLOBAL LTD.

DelistedLast traded on 17 Sep 2026. Prices after that date do not exist; positions listed below are what funds last disclosed.

No fund holds it No Indian mutual fund has disclosed this company in any monthly portfolio this build holds (2012-09 onwards). It is here because it trades on the BSE — the price history below is real; the ownership sections have nothing to report. Most companies that quote only on the BSE are held by no fund at all; that is a fact about the company’s size and liquidity, not a gap in this data.

Last close (last trade)
₹26.48
17 Sep 2026 · BSE · +6.9% over the year
Held by
no fund
never disclosed by a fund
Average weight per holder
no holders
Σ across holders 0.0%
Days to exit
not computed
needs volume and the aggregate MF position

Who holds it

no fund has disclosed this company, so there is nothing to list

Fund Weight Since Entry close Now vs entry 3-mo change Action
No fund has disclosed holding this company.
0 of 0 per page2550100

A holder disclosed the stock in the latest month or the one before; an exit is listed for three disclosures. Entry close is the split- and bonus-adjusted close at the end of the month the fund first disclosed the position; “now vs entry” is price only, not the fund's return on the position. Estimated cost basis per fund from monthly unit deltas is not computed in this build.

Three-month flow

not computed

net change in Σ fund weight over the last three disclosures (percentage points summed across funds) · 0 added or entered, 0 trimmed or exited

Who moved, fund by fund ↓

Crowding

0 funds hold it, at an average weight of — each (0.0% summed across holders). Days-to-exit needs the aggregate MF share count and average volume; not computed for this stock.

Why this might matterThe curation backtest found consensus positions anti-correlated with forward upside: when everyone already owns it, the marginal buyer is gone, and a crowded exit moves the price against every seller at once.
Why it might notBreadth of ownership is also what a large, liquid, well-run company looks like. Crowding measures how many funds agree, not whether they are right; MF ownership as a share of the company needs issue size, which is not loaded.

Who moved last quarter

the three-month flow, fund by fund — largest move first

Added: funds that held it three disclosures ago and hold more of it now.

Fund3-mo changeWeight nowSinceNow vs entry
No fund added this stock over the last three disclosures.
0 of 0 per page2550100

One year

daily BSE close, unadjusted — the exchange publishes nothing to adjust from

20253022 Sep 20259 Feb 20264 May 20261 Jul 202617 Sep 202622 Sep 2025: ₹24.76 · 501 shares23 Sep 2025: ₹25.99 · 47 shares24 Sep 2025: ₹25.99 · 252 shares25 Sep 2025: ₹25.99 · 20 shares29 Sep 2025: ₹25.99 · 4 shares6 Oct 2025: ₹25.99 · 148 shares7 Oct 2025: ₹25.99 · 50 shares13 Oct 2025: ₹26.00 · 50 shares23 Oct 2025: ₹26.00 · 42 shares28 Oct 2025: ₹27.30 · 500 shares29 Oct 2025: ₹27.30 · 1 shares3 Nov 2025: ₹26.01 · 1,569 shares6 Nov 2025: ₹26.01 · 300 shares14 Nov 2025: ₹26.01 · 597 shares17 Nov 2025: ₹26.01 · 3 shares20 Nov 2025: ₹25.88 · 24 shares26 Nov 2025: ₹27.00 · 125 shares3 Dec 2025: ₹27.00 · 950 shares5 Dec 2025: ₹27.00 · 666 shares10 Dec 2025: ₹27.00 · 100 shares16 Dec 2025: ₹28.35 · 300 shares17 Dec 2025: ₹28.35 · 50 shares22 Dec 2025: ₹28.35 · 110 shares24 Dec 2025: ₹26.95 · 562 shares26 Dec 2025: ₹25.70 · 3,349 shares29 Dec 2025: ₹24.90 · 4,088 shares31 Dec 2025: ₹24.00 · 2,150 shares5 Jan 2026: ₹24.00 · 11 shares12 Jan 2026: ₹23.99 · 207 shares21 Jan 2026: ₹23.90 · 511 shares27 Jan 2026: ₹23.90 · 4 shares28 Jan 2026: ₹23.90 · 200 shares4 Feb 2026: ₹23.90 · 1 shares6 Feb 2026: ₹23.90 · 1,059 shares9 Feb 2026: ₹23.83 · 1 shares10 Feb 2026: ₹25.00 · 30 shares11 Feb 2026: ₹25.00 · 15 shares12 Feb 2026: ₹26.25 · 1,180 shares13 Feb 2026: ₹27.56 · 1,000 shares16 Feb 2026: ₹28.93 · 1,000 shares17 Feb 2026: ₹27.50 · 523 shares18 Feb 2026: ₹28.73 · 1,178 shares19 Feb 2026: ₹30.15 · 3,006 shares20 Feb 2026: ₹31.65 · 201 shares23 Feb 2026: ₹30.10 · 3,851 shares24 Feb 2026: ₹28.65 · 1 shares25 Feb 2026: ₹27.25 · 1 shares26 Feb 2026: ₹25.89 · 1 shares27 Feb 2026: ₹24.60 · 1 shares24 Mar 2026: ₹24.00 · 1,000 shares30 Mar 2026: ₹23.90 · 2,756 shares6 Apr 2026: ₹23.90 · 4 shares7 Apr 2026: ₹25.09 · 48 shares8 Apr 2026: ₹25.09 · 525 shares9 Apr 2026: ₹23.84 · 50 shares10 Apr 2026: ₹22.65 · 100 shares13 Apr 2026: ₹21.65 · 201 shares15 Apr 2026: ₹22.72 · 866 shares16 Apr 2026: ₹21.65 · 1 shares17 Apr 2026: ₹20.57 · 10 shares21 Apr 2026: ₹19.55 · 25 shares22 Apr 2026: ₹19.46 · 1,064 shares23 Apr 2026: ₹20.43 · 1 shares24 Apr 2026: ₹21.35 · 3,150 shares27 Apr 2026: ₹22.40 · 210 shares28 Apr 2026: ₹23.50 · 1,903 shares29 Apr 2026: ₹24.50 · 101 shares30 Apr 2026: ₹25.63 · 1,725 shares4 May 2026: ₹25.95 · 1,858 shares5 May 2026: ₹26.50 · 4,330 shares6 May 2026: ₹25.25 · 2,502 shares7 May 2026: ₹26.51 · 2,589 shares8 May 2026: ₹26.51 · 525 shares11 May 2026: ₹25.19 · 180 shares12 May 2026: ₹23.94 · 2,266 shares14 May 2026: ₹23.25 · 2,075 shares15 May 2026: ₹22.25 · 1 shares18 May 2026: ₹21.14 · 15 shares19 May 2026: ₹22.19 · 145 shares20 May 2026: ₹23.29 · 50 shares21 May 2026: ₹22.20 · 1 shares22 May 2026: ₹21.52 · 1,328 shares25 May 2026: ₹22.58 · 25 shares26 May 2026: ₹23.39 · 800 shares27 May 2026: ₹24.55 · 1,000 shares29 May 2026: ₹23.33 · 5 shares1 Jun 2026: ₹24.45 · 699 shares2 Jun 2026: ₹25.65 · 310 shares3 Jun 2026: ₹26.93 · 11 shares4 Jun 2026: ₹25.60 · 71 shares5 Jun 2026: ₹24.40 · 25 shares8 Jun 2026: ₹25.62 · 10 shares9 Jun 2026: ₹25.60 · 10 shares10 Jun 2026: ₹26.88 · 10 shares11 Jun 2026: ₹28.22 · 813 shares12 Jun 2026: ₹28.50 · 2,747 shares15 Jun 2026: ₹29.92 · 5,494 shares16 Jun 2026: ₹29.92 · 3,921 shares19 Jun 2026: ₹29.92 · 3,650 shares22 Jun 2026: ₹29.00 · 6,729 shares23 Jun 2026: ₹29.00 · 1 shares29 Jun 2026: ₹27.55 · 3 shares1 Jul 2026: ₹26.18 · 28 shares2 Jul 2026: ₹24.88 · 87 shares3 Jul 2026: ₹23.64 · 10 shares6 Jul 2026: ₹22.46 · 10 shares7 Jul 2026: ₹23.58 · 4 shares8 Jul 2026: ₹22.41 · 10 shares9 Jul 2026: ₹23.53 · 1,071 shares10 Jul 2026: ₹24.65 · 90 shares13 Jul 2026: ₹25.85 · 90 shares15 Jul 2026: ₹24.56 · 5 shares16 Jul 2026: ₹25.77 · 175 shares20 Jul 2026: ₹24.49 · 100 shares21 Jul 2026: ₹23.27 · 16 shares22 Jul 2026: ₹24.43 · 1,045 shares23 Jul 2026: ₹23.21 · 10 shares27 Jul 2026: ₹22.06 · 525 shares28 Jul 2026: ₹23.16 · 448 shares29 Jul 2026: ₹24.00 · 90 shares30 Jul 2026: ₹25.20 · 5 shares31 Jul 2026: ₹26.46 · 1,468 shares3 Aug 2026: ₹25.14 · 5 shares4 Aug 2026: ₹23.90 · 5 shares10 Aug 2026: ₹22.72 · 5 shares11 Aug 2026: ₹21.59 · 5 shares12 Aug 2026: ₹22.66 · 72 shares13 Aug 2026: ₹22.01 · 106 shares14 Aug 2026: ₹22.01 · 261 shares17 Aug 2026: ₹23.10 · 703 shares19 Aug 2026: ₹24.25 · 11 shares20 Aug 2026: ₹25.46 · 695 shares25 Aug 2026: ₹25.34 · 291 shares4 Sep 2026: ₹25.22 · 25 shares16 Sep 2026: ₹26.48 · 2,311 shares17 Sep 2026: ₹26.48 · 2 shares
20253022 Sep 20259 Feb 20264 May 20261 Jul 202617 Sep 202622 Sep 2025: ₹24.76 · 501 shares23 Sep 2025: ₹25.99 · 47 shares24 Sep 2025: ₹25.99 · 252 shares25 Sep 2025: ₹25.99 · 20 shares29 Sep 2025: ₹25.99 · 4 shares6 Oct 2025: ₹25.99 · 148 shares7 Oct 2025: ₹25.99 · 50 shares13 Oct 2025: ₹26.00 · 50 shares23 Oct 2025: ₹26.00 · 42 shares28 Oct 2025: ₹27.30 · 500 shares29 Oct 2025: ₹27.30 · 1 shares3 Nov 2025: ₹26.01 · 1,569 shares6 Nov 2025: ₹26.01 · 300 shares14 Nov 2025: ₹26.01 · 597 shares17 Nov 2025: ₹26.01 · 3 shares20 Nov 2025: ₹25.88 · 24 shares26 Nov 2025: ₹27.00 · 125 shares3 Dec 2025: ₹27.00 · 950 shares5 Dec 2025: ₹27.00 · 666 shares10 Dec 2025: ₹27.00 · 100 shares16 Dec 2025: ₹28.35 · 300 shares17 Dec 2025: ₹28.35 · 50 shares22 Dec 2025: ₹28.35 · 110 shares24 Dec 2025: ₹26.95 · 562 shares26 Dec 2025: ₹25.70 · 3,349 shares29 Dec 2025: ₹24.90 · 4,088 shares31 Dec 2025: ₹24.00 · 2,150 shares5 Jan 2026: ₹24.00 · 11 shares12 Jan 2026: ₹23.99 · 207 shares21 Jan 2026: ₹23.90 · 511 shares27 Jan 2026: ₹23.90 · 4 shares28 Jan 2026: ₹23.90 · 200 shares4 Feb 2026: ₹23.90 · 1 shares6 Feb 2026: ₹23.90 · 1,059 shares9 Feb 2026: ₹23.83 · 1 shares10 Feb 2026: ₹25.00 · 30 shares11 Feb 2026: ₹25.00 · 15 shares12 Feb 2026: ₹26.25 · 1,180 shares13 Feb 2026: ₹27.56 · 1,000 shares16 Feb 2026: ₹28.93 · 1,000 shares17 Feb 2026: ₹27.50 · 523 shares18 Feb 2026: ₹28.73 · 1,178 shares19 Feb 2026: ₹30.15 · 3,006 shares20 Feb 2026: ₹31.65 · 201 shares23 Feb 2026: ₹30.10 · 3,851 shares24 Feb 2026: ₹28.65 · 1 shares25 Feb 2026: ₹27.25 · 1 shares26 Feb 2026: ₹25.89 · 1 shares27 Feb 2026: ₹24.60 · 1 shares24 Mar 2026: ₹24.00 · 1,000 shares30 Mar 2026: ₹23.90 · 2,756 shares6 Apr 2026: ₹23.90 · 4 shares7 Apr 2026: ₹25.09 · 48 shares8 Apr 2026: ₹25.09 · 525 shares9 Apr 2026: ₹23.84 · 50 shares10 Apr 2026: ₹22.65 · 100 shares13 Apr 2026: ₹21.65 · 201 shares15 Apr 2026: ₹22.72 · 866 shares16 Apr 2026: ₹21.65 · 1 shares17 Apr 2026: ₹20.57 · 10 shares21 Apr 2026: ₹19.55 · 25 shares22 Apr 2026: ₹19.46 · 1,064 shares23 Apr 2026: ₹20.43 · 1 shares24 Apr 2026: ₹21.35 · 3,150 shares27 Apr 2026: ₹22.40 · 210 shares28 Apr 2026: ₹23.50 · 1,903 shares29 Apr 2026: ₹24.50 · 101 shares30 Apr 2026: ₹25.63 · 1,725 shares4 May 2026: ₹25.95 · 1,858 shares5 May 2026: ₹26.50 · 4,330 shares6 May 2026: ₹25.25 · 2,502 shares7 May 2026: ₹26.51 · 2,589 shares8 May 2026: ₹26.51 · 525 shares11 May 2026: ₹25.19 · 180 shares12 May 2026: ₹23.94 · 2,266 shares14 May 2026: ₹23.25 · 2,075 shares15 May 2026: ₹22.25 · 1 shares18 May 2026: ₹21.14 · 15 shares19 May 2026: ₹22.19 · 145 shares20 May 2026: ₹23.29 · 50 shares21 May 2026: ₹22.20 · 1 shares22 May 2026: ₹21.52 · 1,328 shares25 May 2026: ₹22.58 · 25 shares26 May 2026: ₹23.39 · 800 shares27 May 2026: ₹24.55 · 1,000 shares29 May 2026: ₹23.33 · 5 shares1 Jun 2026: ₹24.45 · 699 shares2 Jun 2026: ₹25.65 · 310 shares3 Jun 2026: ₹26.93 · 11 shares4 Jun 2026: ₹25.60 · 71 shares5 Jun 2026: ₹24.40 · 25 shares8 Jun 2026: ₹25.62 · 10 shares9 Jun 2026: ₹25.60 · 10 shares10 Jun 2026: ₹26.88 · 10 shares11 Jun 2026: ₹28.22 · 813 shares12 Jun 2026: ₹28.50 · 2,747 shares15 Jun 2026: ₹29.92 · 5,494 shares16 Jun 2026: ₹29.92 · 3,921 shares19 Jun 2026: ₹29.92 · 3,650 shares22 Jun 2026: ₹29.00 · 6,729 shares23 Jun 2026: ₹29.00 · 1 shares29 Jun 2026: ₹27.55 · 3 shares1 Jul 2026: ₹26.18 · 28 shares2 Jul 2026: ₹24.88 · 87 shares3 Jul 2026: ₹23.64 · 10 shares6 Jul 2026: ₹22.46 · 10 shares7 Jul 2026: ₹23.58 · 4 shares8 Jul 2026: ₹22.41 · 10 shares9 Jul 2026: ₹23.53 · 1,071 shares10 Jul 2026: ₹24.65 · 90 shares13 Jul 2026: ₹25.85 · 90 shares15 Jul 2026: ₹24.56 · 5 shares16 Jul 2026: ₹25.77 · 175 shares20 Jul 2026: ₹24.49 · 100 shares21 Jul 2026: ₹23.27 · 16 shares22 Jul 2026: ₹24.43 · 1,045 shares23 Jul 2026: ₹23.21 · 10 shares27 Jul 2026: ₹22.06 · 525 shares28 Jul 2026: ₹23.16 · 448 shares29 Jul 2026: ₹24.00 · 90 shares30 Jul 2026: ₹25.20 · 5 shares31 Jul 2026: ₹26.46 · 1,468 shares3 Aug 2026: ₹25.14 · 5 shares4 Aug 2026: ₹23.90 · 5 shares10 Aug 2026: ₹22.72 · 5 shares11 Aug 2026: ₹21.59 · 5 shares12 Aug 2026: ₹22.66 · 72 shares13 Aug 2026: ₹22.01 · 106 shares14 Aug 2026: ₹22.01 · 261 shares17 Aug 2026: ₹23.10 · 703 shares19 Aug 2026: ₹24.25 · 11 shares20 Aug 2026: ₹25.46 · 695 shares25 Aug 2026: ₹25.34 · 291 shares4 Sep 2026: ₹25.22 · 25 shares16 Sep 2026: ₹26.48 · 2,311 shares17 Sep 2026: ₹26.48 · 2 shares
20253022 Sep 20259 Feb 20264 May 20261 Jul 202617 Sep 202622 Sep 2025: ₹24.76 · 501 shares23 Sep 2025: ₹25.99 · 47 shares24 Sep 2025: ₹25.99 · 252 shares25 Sep 2025: ₹25.99 · 20 shares29 Sep 2025: ₹25.99 · 4 shares6 Oct 2025: ₹25.99 · 148 shares7 Oct 2025: ₹25.99 · 50 shares13 Oct 2025: ₹26.00 · 50 shares23 Oct 2025: ₹26.00 · 42 shares28 Oct 2025: ₹27.30 · 500 shares29 Oct 2025: ₹27.30 · 1 shares3 Nov 2025: ₹26.01 · 1,569 shares6 Nov 2025: ₹26.01 · 300 shares14 Nov 2025: ₹26.01 · 597 shares17 Nov 2025: ₹26.01 · 3 shares20 Nov 2025: ₹25.88 · 24 shares26 Nov 2025: ₹27.00 · 125 shares3 Dec 2025: ₹27.00 · 950 shares5 Dec 2025: ₹27.00 · 666 shares10 Dec 2025: ₹27.00 · 100 shares16 Dec 2025: ₹28.35 · 300 shares17 Dec 2025: ₹28.35 · 50 shares22 Dec 2025: ₹28.35 · 110 shares24 Dec 2025: ₹26.95 · 562 shares26 Dec 2025: ₹25.70 · 3,349 shares29 Dec 2025: ₹24.90 · 4,088 shares31 Dec 2025: ₹24.00 · 2,150 shares5 Jan 2026: ₹24.00 · 11 shares12 Jan 2026: ₹23.99 · 207 shares21 Jan 2026: ₹23.90 · 511 shares27 Jan 2026: ₹23.90 · 4 shares28 Jan 2026: ₹23.90 · 200 shares4 Feb 2026: ₹23.90 · 1 shares6 Feb 2026: ₹23.90 · 1,059 shares9 Feb 2026: ₹23.83 · 1 shares10 Feb 2026: ₹25.00 · 30 shares11 Feb 2026: ₹25.00 · 15 shares12 Feb 2026: ₹26.25 · 1,180 shares13 Feb 2026: ₹27.56 · 1,000 shares16 Feb 2026: ₹28.93 · 1,000 shares17 Feb 2026: ₹27.50 · 523 shares18 Feb 2026: ₹28.73 · 1,178 shares19 Feb 2026: ₹30.15 · 3,006 shares20 Feb 2026: ₹31.65 · 201 shares23 Feb 2026: ₹30.10 · 3,851 shares24 Feb 2026: ₹28.65 · 1 shares25 Feb 2026: ₹27.25 · 1 shares26 Feb 2026: ₹25.89 · 1 shares27 Feb 2026: ₹24.60 · 1 shares24 Mar 2026: ₹24.00 · 1,000 shares30 Mar 2026: ₹23.90 · 2,756 shares6 Apr 2026: ₹23.90 · 4 shares7 Apr 2026: ₹25.09 · 48 shares8 Apr 2026: ₹25.09 · 525 shares9 Apr 2026: ₹23.84 · 50 shares10 Apr 2026: ₹22.65 · 100 shares13 Apr 2026: ₹21.65 · 201 shares15 Apr 2026: ₹22.72 · 866 shares16 Apr 2026: ₹21.65 · 1 shares17 Apr 2026: ₹20.57 · 10 shares21 Apr 2026: ₹19.55 · 25 shares22 Apr 2026: ₹19.46 · 1,064 shares23 Apr 2026: ₹20.43 · 1 shares24 Apr 2026: ₹21.35 · 3,150 shares27 Apr 2026: ₹22.40 · 210 shares28 Apr 2026: ₹23.50 · 1,903 shares29 Apr 2026: ₹24.50 · 101 shares30 Apr 2026: ₹25.63 · 1,725 shares4 May 2026: ₹25.95 · 1,858 shares5 May 2026: ₹26.50 · 4,330 shares6 May 2026: ₹25.25 · 2,502 shares7 May 2026: ₹26.51 · 2,589 shares8 May 2026: ₹26.51 · 525 shares11 May 2026: ₹25.19 · 180 shares12 May 2026: ₹23.94 · 2,266 shares14 May 2026: ₹23.25 · 2,075 shares15 May 2026: ₹22.25 · 1 shares18 May 2026: ₹21.14 · 15 shares19 May 2026: ₹22.19 · 145 shares20 May 2026: ₹23.29 · 50 shares21 May 2026: ₹22.20 · 1 shares22 May 2026: ₹21.52 · 1,328 shares25 May 2026: ₹22.58 · 25 shares26 May 2026: ₹23.39 · 800 shares27 May 2026: ₹24.55 · 1,000 shares29 May 2026: ₹23.33 · 5 shares1 Jun 2026: ₹24.45 · 699 shares2 Jun 2026: ₹25.65 · 310 shares3 Jun 2026: ₹26.93 · 11 shares4 Jun 2026: ₹25.60 · 71 shares5 Jun 2026: ₹24.40 · 25 shares8 Jun 2026: ₹25.62 · 10 shares9 Jun 2026: ₹25.60 · 10 shares10 Jun 2026: ₹26.88 · 10 shares11 Jun 2026: ₹28.22 · 813 shares12 Jun 2026: ₹28.50 · 2,747 shares15 Jun 2026: ₹29.92 · 5,494 shares16 Jun 2026: ₹29.92 · 3,921 shares19 Jun 2026: ₹29.92 · 3,650 shares22 Jun 2026: ₹29.00 · 6,729 shares23 Jun 2026: ₹29.00 · 1 shares29 Jun 2026: ₹27.55 · 3 shares1 Jul 2026: ₹26.18 · 28 shares2 Jul 2026: ₹24.88 · 87 shares3 Jul 2026: ₹23.64 · 10 shares6 Jul 2026: ₹22.46 · 10 shares7 Jul 2026: ₹23.58 · 4 shares8 Jul 2026: ₹22.41 · 10 shares9 Jul 2026: ₹23.53 · 1,071 shares10 Jul 2026: ₹24.65 · 90 shares13 Jul 2026: ₹25.85 · 90 shares15 Jul 2026: ₹24.56 · 5 shares16 Jul 2026: ₹25.77 · 175 shares20 Jul 2026: ₹24.49 · 100 shares21 Jul 2026: ₹23.27 · 16 shares22 Jul 2026: ₹24.43 · 1,045 shares23 Jul 2026: ₹23.21 · 10 shares27 Jul 2026: ₹22.06 · 525 shares28 Jul 2026: ₹23.16 · 448 shares29 Jul 2026: ₹24.00 · 90 shares30 Jul 2026: ₹25.20 · 5 shares31 Jul 2026: ₹26.46 · 1,468 shares3 Aug 2026: ₹25.14 · 5 shares4 Aug 2026: ₹23.90 · 5 shares10 Aug 2026: ₹22.72 · 5 shares11 Aug 2026: ₹21.59 · 5 shares12 Aug 2026: ₹22.66 · 72 shares13 Aug 2026: ₹22.01 · 106 shares14 Aug 2026: ₹22.01 · 261 shares17 Aug 2026: ₹23.10 · 703 shares19 Aug 2026: ₹24.25 · 11 shares20 Aug 2026: ₹25.46 · 695 shares25 Aug 2026: ₹25.34 · 291 shares4 Sep 2026: ₹25.22 · 25 shares16 Sep 2026: ₹26.48 · 2,311 shares17 Sep 2026: ₹26.48 · 2 shares

Prices are the BSE close. This series is not adjusted for splits or bonuses. It cannot be: the BSE never adjusts its published previous close — measured, it matched the previous session’s close on every one of 811,633 consecutive pairs in 2026 — and the NSE’s corporate-action list is keyed by NSE symbol, which a company that never listed there does not have. So a split reads here as a one-day fall. Saying that is better than implying an adjustment that did not happen.