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ASMS Partners with Agrosperity to Expand Digital Agri Ecosystem Across 5,000+ Villages
Avio Smart Market Stack Limited (ASMS), formerly Bartronics India, has signed an MoU with Agrosperity Tech Solutions to scale its Project AVIO Agritech. The partnership will leverage ASMS's existing financial inclusion network that spans over 5,000 villages to provide digital credit, supply chain financing, and agronomy advisory services. By integrating Agrosperityβs KiVi platform, ASMS aims to transition into a unified rural operating system. This strategic move targets high-growth sectors including agri-tech, rural commerce, and climate-linked sustainability solutions.
Key Highlights
MoU signed with Agrosperity Tech Solutions to integrate the KiVi 'phygital' platform into ASMS's ecosystem.
Leverages an established rural outreach network covering more than 5,000 villages across India.
Collaboration focuses on agricultural credit solutions, input procurement, and commodity supply chain financing.
Includes future initiatives for climate sustainability and carbon sequestration solutions in the agriculture sector.
πΌ Action for Investors
Investors should monitor the conversion of this MoU into active revenue streams from credit lead generation and supply chain fees. The company's ability to successfully monetize its 5,000-village network through these new digital services will be a critical driver for long-term valuation.
ASMS (Bartronics) Acquires 2.11% Stake in Huwel Lifesciences for βΉ7.5 Crore
Avio Smart Market Stack Limited (formerly Bartronics India) has completed a strategic equity investment of βΉ7.50 crore in Huwel Lifesciences Private Limited. The company acquired 9,665 equity shares at βΉ7,760 per share, representing a 2.11% stake in the molecular diagnostics firm. Huwel Lifesciences has shown volatile but growing revenue, reaching βΉ15.74 crore in FY25. This transaction marks the first tranche of an investment plan aimed at deriving operational and financial synergies in the healthcare sector.
Key Highlights
Acquired 2.11% stake in Huwel Lifesciences for a total consideration of βΉ7,50,00,400
Purchase price of βΉ7,760 per share includes a significant premium of βΉ7,750 per share
Target company turnover increased from βΉ4.94 crore in FY24 to βΉ15.74 crore in FY25
Investment is structured in tranches, with the first tranche now completed
Huwel Lifesciences specializes in molecular diagnostic kits and in-vitro diagnostic solutions
πΌ Action for Investors
Investors should watch for the completion of subsequent tranches and further details on how ASMS plans to leverage this minority stake for operational synergies. The recovery in the target's turnover is a positive sign for the valuation.
ASMS Expands Agri-Tech Ecosystem via Strategic MoUs Targeting 20 Million Farmers
Avio Smart Market Stack Limited (formerly Bartronics India) has announced multiple strategic collaborations to expand its 'Project AVIO Agritech' ecosystem. The company plans to leverage its existing network of 5,000 banking correspondents and 40 million rural citizens to reach 20 million farmers across 5,000 villages. Partnerships with specialized firms like Kosher Climate and CarbonMint will focus on carbon credits, solar irrigation, and digital farm advisory. The initial rollout is scheduled for Maharashtra and Uttar Pradesh over the next 6 to 12 months.
Key Highlights
Leveraging existing network of 5,000+ banking correspondents across 10 Indian states
Targeting engagement with 20 million farmers across 5,000+ villages for agri-tech services
Signed MoUs with 4 specialized partners including Kosher Climate and Enrich Power for carbon and energy solutions
Initial project implementation focused on Maharashtra and Uttar Pradesh within a 6-12 month timeline
Aims to monetize sustainable farming through carbon credits and digital advisory services
πΌ Action for Investors
Investors should monitor the conversion of these MoUs into tangible revenue streams, particularly from carbon credit monetization and agri-services. The successful execution of this rural 'operating system' model could significantly diversify the company's income beyond traditional financial inclusion services.
Bartronics (ASMS) Acquires 25.75% Stake in Shree Naganarasimha for INR 1 Crore
Avio Smart Market Stack Limited (formerly Bartronics India Limited) has completed an equity investment of INR 1 crore in Shree Naganarasimha Private Limited (SNN). This acquisition grants ASMS a 25.75% stake in the target company, which specializes in agro and food product manufacturing. SNN has demonstrated rapid growth, with its turnover increasing from INR 1.39 crore in FY23 to INR 11.48 crore in FY25. The investment is aimed at deriving operational and financial synergies through diversification into the food processing sector.
Key Highlights
Acquired 25.75% equity stake in Shree Naganarasimha Private Limited for INR 1 crore.
Target company turnover grew significantly from INR 4.94 crore in FY24 to INR 11.48 crore in FY25.
Acquisition price set at INR 2,882 per share, including a premium of INR 2,872 per share.
The transaction is at arm's length and marks the completion of the first tranche of the investment.
Target entity operates in the high-growth agro-food processing and trading industry.
πΌ Action for Investors
Investors should view this as a positive diversification move into a high-growth sector, though they should monitor the impact of this investment on the company's consolidated bottom line. Watch for the completion of subsequent tranches as per the shareholders' agreement.
ASMS Acquires 25.75% Stake in Shree Naganarasimha Private Ltd for βΉ1 Crore
Avio Smart Market Stack Limited (formerly Bartronics India) has acquired a 25.75% equity stake in Shree Naganarasimha Private Limited (SNN) for a total consideration of βΉ1 crore. The acquisition involves 3,469 equity shares priced at βΉ2,882 each, including a significant premium. SNN is a fast-growing entity in the agro and food products sector, reporting a turnover of βΉ11.48 crore in FY25, up from just βΉ1.39 crore in FY23. This strategic investment is intended to drive operational and financial synergies for ASMS.
Key Highlights
Acquired 25.75% stake in Shree Naganarasimha Private Limited for βΉ1,00,00,000 in cash.
Target company SNN operates in the manufacturing and trading of agro and food products.
SNN turnover grew significantly from βΉ1.39 crore in FY23 to βΉ11.48 crore in FY25.
Acquisition price of βΉ2,882 per share includes an equity premium of βΉ2,872 per share.
The transaction is conducted at arm's length with no promoter interest in the target entity.
πΌ Action for Investors
Investors should view this as a positive diversification move into the high-growth agro-processing sector. Monitor the company's future tranches of investment and how SNN's rapid revenue growth contributes to ASMS's consolidated bottom line.
ASMS Partners with Huwel Lifesciences for βΉ1,000 Cr TB Diagnostics Market Opportunity
Avio Smart Market Stack (formerly Bartronics) has signed a Shareholders Agreement to acquire a minority stake in Huwel Lifesciences, targeting India's βΉ1,000 crore annual molecular TB diagnostics market. The partnership focuses on the Quantiplus MTB FAST platform, which offers testing at βΉ340 per sample, significantly lower than the current βΉ700-βΉ1,000 range. ASMS will receive a defined share of net project revenues from orders secured through its business development efforts. This strategic move leverages existing national RT-PCR infrastructure for rapid, low-cost deployment in public health.
Key Highlights
Acquisition of minority stake in Huwel Lifesciences to address a βΉ1,000 crore annual market opportunity
Huwelβs diagnostic platform reduces TB testing costs to βΉ340 per sample from the current βΉ700-βΉ1,000
ASMS is contractually entitled to a share of net project revenues from institutional engagements
Compatibility with existing RT-PCR machines allows for nationwide deployment without major capital expenditure
Targeting the National TB Elimination Programme which conducts approximately 1 crore tests annually
πΌ Action for Investors
Investors should watch for the formalization of government procurement contracts, as the significant cost advantage and infrastructure compatibility provide a strong competitive edge. This marks a high-potential pivot into health-tech that could diversify and scale the company's revenue streams.
ASMS to Invest βΉ15 Crore for 4.25% Stake in Huwel Lifesciences
Avio Smart Market Stack Limited (ASMS) has approved a βΉ15 crore investment in Huwel Lifesciences Private Limited to acquire a 4.25% equity stake. The investment will be deployed in two equal tranches of βΉ7.5 crore each at a share price of βΉ7,760. A key highlight of the deal is a strategic collaboration where ASMS will receive 40% of the Net Project Revenue from projects it facilitates or supports. This move indicates a strategic push into the lifesciences sector with a significant revenue-sharing component.
Key Highlights
Total investment of βΉ15,00,00,000 to be infused in two tranches of βΉ7.5 crore each
Acquisition of 4.25% equity stake in Huwel Lifesciences Private Limited on a fully diluted basis
Entitlement to 40% of Net Project Revenue from projects facilitated or supported by ASMS
Issuance of 19,930 equity shares at a price of βΉ7,760 per share
Strategic collaboration for joint identification, development, and execution of projects
πΌ Action for Investors
Investors should monitor the progress of the revenue-sharing projects as the 40% net revenue share could be more impactful than the minority equity stake. Watch for future disclosures regarding the specific types of projects being facilitated under this collaboration.
Bartronics India Secures INR 20 Crore Unsecured Loan from Promoter Kinex India
Bartronics India Limited (BIL) has entered into an inter-corporate loan agreement with its promoter, Kinex India Private Limited, for an amount up to INR 20 crores. The loan is unsecured and carries a competitive interest rate of 7.5% per annum, with a repayment period of 12 months. This funding is intended to support the company's business operations and strategic investments in the ordinary course of business. The transaction is classified as a related party transaction conducted at arm's length, reflecting promoter commitment to the company's growth.
Key Highlights
Unsecured inter-corporate loan facility of up to INR 20 crores to be drawn in multiple tranches
Interest rate set at 7.5% per annum with a repayment tenure of 12 months
Lender Kinex India Private Limited is the promoter, holding a 69.37% stake in the company
Funds earmarked for supporting business operations and ordinary course investments
πΌ Action for Investors
This move indicates strong promoter backing and provides the company with necessary liquidity at a reasonable cost. Investors should monitor the company's operational progress and how effectively this capital is deployed to enhance business value.
Bartronics Signs Shareholders Agreement with AYOU to Roll Out AI-Led Warehousing
Bartronics India Limited has executed a definitive Shareholders Agreement with Shree NagaNarasimha Pvt. Ltd. (AYOU) to integrate AI technology into its agricultural supply chain under Project AVIO Agritech. The partnership will transform warehouses in Uttar Pradesh and Maharashtra into smart hubs featuring computer vision-based grading and predictive analytics. AYOU already serves major quick commerce and retail players including Swiggy Instamart, Zepto, BigBasket, Blinkit, and Trent. This strategic move aims to enhance supply precision and reduce wastage while leveraging Bartronics' existing rural footprint.
Key Highlights
Signed definitive Shareholders Agreement with AYOU to deploy AI-led warehousing technology.
AYOU currently supplies to leading quick commerce platforms like Swiggy Instamart, Zepto, and BigBasket.
Focuses on the potato belt of Uttar Pradesh and the onion belt of Maharashtra for smart hub conversion.
Technology stack includes computer vision-based grading, digital quality benchmarking, and predictive inventory analytics.
Transaction completion is expected within the coming weeks following fund transfers and closing formalities.
πΌ Action for Investors
Investors should monitor the execution of the warehouse upgrades and the subsequent impact on revenue growth from the high-demand quick commerce segment. The integration of AI into the agri-supply chain could significantly improve margins through reduced wastage and better price realization.
Bartronics India Signs MoU with Raphael Global Tech for Agri-Tech and Carbon Projects
Bartronics India Limited has entered into a Memorandum of Understanding (MoU) with Raphael Global Tech Private Limited to collaborate on agriculture and climate action initiatives. The partnership aims to combine Bartronics' rural network and digital infrastructure with Raphael's expertise in drone technology, geospatial intelligence, and carbon measurement. This strategic move targets high-growth sectors like agroforestry, mangroves, and carbon credit projects. While the MoU is preliminary, it signals the company's intent to diversify into technology-driven sustainability solutions.
Key Highlights
Collaboration with Raphael Global Tech for drone technology and geospatial intelligence solutions.
Focus on agriculture, agroforestry, climate action, and carbon project development.
Utilization of Bartronics' existing rural network for grass-roots level project implementation.
No shareholding or related party transaction involved in the agreement.
Aims to leverage data analytics for carbon measurement and environmental monitoring.
πΌ Action for Investors
Investors should watch for the conversion of this MoU into definitive contracts and revenue-generating projects in the carbon credit space. The entry into ESG-focused tech could provide long-term valuation support if execution is successful.
Bartronics India Shareholders Approve βΉ250 Cr Borrowing Limit and Name Change
Bartronics India Limited (ASMS) has received shareholder approval for several strategic resolutions via postal ballot, including a significant increase in borrowing limits up to βΉ250 crores. The company also secured the mandate to change its name and alter its Memorandum and Articles of Association, signaling a potential rebranding or shift in business focus. Additionally, a material related party transaction with Kinex India Private Limited was approved, alongside a reclassification of the authorized share capital. These approvals provide the management with the necessary financial and legal flexibility to pursue expansion or restructuring initiatives.
Key Highlights
Approved a new borrowing limit of up to βΉ250 crores under Section 180(1)(c) of the Companies Act.
Authorized the creation of mortgage or charge on company assets to secure future borrowings.
Passed a special resolution for the change of the company's name and consequent MOA/AOA amendments.
Approved material related party transactions with Kinex India Private Limited with 99.92% majority of non-promoter votes.
Sanctioned the reclassification of authorized share capital and amendment to the capital clause.
πΌ Action for Investors
Investors should monitor the company's upcoming announcements regarding the utilization of the βΉ250 crore borrowing limit and the specific details of the name change. These moves suggest a phase of capital expansion or strategic pivot that could impact long-term valuation.
Bartronics Q3 FY26 Net Profit Surges to βΉ2.45 Cr; Revenue Up 290% QoQ
Bartronics India reported a significant turnaround in Q3 FY26, with revenue from operations jumping to βΉ48.34 crore compared to βΉ12.40 crore in the previous quarter. The company posted a net profit of βΉ2.45 crore, a substantial increase from βΉ1.00 crore in Q2 FY26 and a recovery from a loss of βΉ0.33 crore in the same quarter last year. Total income for the nine-month period ended December 2025 reached βΉ70.07 crore, showing strong momentum. Management is currently regularizing compliances related to non-functional foreign subsidiaries following a successful resolution plan implementation.
Key Highlights
Revenue from operations grew by 290% QoQ to βΉ4,834.04 Lakhs from βΉ1,239.67 Lakhs.
Net Profit increased by 143% QoQ to βΉ244.50 Lakhs compared to βΉ100.43 Lakhs in Q2 FY26.
Turned profitable on a YoY basis, recovering from a loss of βΉ32.50 Lakhs in Q3 FY25.
Earnings Per Share (EPS) improved to βΉ0.08 for the quarter from βΉ0.03 in the preceding quarter.
Operating expenses rose significantly to βΉ4,337.09 Lakhs, reflecting scaled-up business operations.
πΌ Action for Investors
The sharp sequential growth in both top-line and bottom-line suggests the company is gaining traction post-restructuring. Investors should monitor if this revenue growth is sustainable and watch for the final resolution of legacy regulatory filings regarding foreign subsidiaries.
Bartronics Appoints Dr. Raja Krishna Murthy to Lead Agri-Tech and Carbon Growth Initiatives
Bartronics India has appointed Dr. Raja Krishna Murthy, a veteran with over 21 years of experience, to lead its Project Avio Agritech vertical. This strategic move aims to monetize the company's existing network of 40 million farmers across 5,000 villages by expanding into agri-commerce and carbon markets. Dr. Raja brings significant expertise from global institutions like the World Bank and has managed programs impacting over 1 million farmers globally. The initiative focuses on creating scalable revenue streams through high-integrity carbon solutions and climate-tech growth.
Key Highlights
Dr. Raja Krishna Murthy appointed as Head of Agri Tech Business with 21+ years of agribusiness experience.
Project Avio Agritech targets the company's existing reach of 40 million farmers in 5,000 villages.
Dr. Raja has previously led initiatives impacting over 2.8 lakh farmers directly and 1 million globally.
Focus areas include carbon aggregation, methane reduction projects, and digital advisory services.
The move aims to diversify revenue beyond financial inclusion into high-growth climate-tech and agri-commerce.
πΌ Action for Investors
Investors should monitor the execution of Project Avio Agritech as it represents a high-margin diversification from traditional financial inclusion services. The successful rollout of carbon credit aggregation could be a significant long-term value driver for the stock.
Bartronics to Launch AI Voice-First Agri-Tech App; Targets 20 Million Farmers in 3 Years
Bartronics India Limited is set to launch its AI-powered, voice-first multilingual agri-tech application in March 2026 under Project Avio Agritech. This follows successful pilots in Maharashtra and Uttar Pradesh with strategic partners like SNN and Origo Commodities. The company has set an ambitious target to onboard 20 million farmers over the next three years, leveraging its existing network of nearly 5,000 villages. The platform aims to create new revenue streams through eMandis, output marketplaces, and carbon credit programs.
Key Highlights
Launch of AI-powered agri-tech app scheduled for March 2026 with support for 5 regional languages.
Targeting the onboarding of 20 million farmers over the next 3 years under Project Avio Agritech.
Successful pilot completion in Maharashtra and Uttar Pradesh demonstrated strong farmer engagement.
Strategic partnerships established with SNN and Origo Commodities for assured off-take linkages.
Platform designed to capture data for future participation in carbon credit and sustainability programs.
πΌ Action for Investors
Investors should monitor the platform's launch in March and the subsequent pace of farmer onboarding to validate the 20 million target. Success in this segment could significantly re-rate the stock by diversifying revenue into high-growth agri-tech and climate-fintech sectors.
Bartronics India Q3 FY26 Revenue Surges 289% QoQ to βΉ48.34 Cr; Net Profit Up 144%
Bartronics India reported a massive 289% QoQ revenue growth to βΉ48.34 crore in Q3 FY26, driven by its core financial inclusion business and new agri-tech initiatives. Net profit for the quarter rose 144% to βΉ2.45 crore, while 9-month profits surged 381% YoY to βΉ3.90 crore. The company is actively diversifying into agri-trade through Project AVIO and has signed an MoU to acquire AYOU to boost its supply chain capabilities. Additionally, a partnership with Origo aims to integrate warehousing and commodity trade into its rural network of 5,000 villages.
Key Highlights
Q3 FY26 revenue grew 289% QoQ to βΉ48.34 crore from βΉ12.4 crore in Q2 FY26.
Net profit for Q3 FY26 increased by 144% to βΉ2.45 crore reflecting improved operating leverage.
9M FY26 net profit reached βΉ3.90 crore, a 381% increase compared to βΉ0.81 crore in 9M FY25.
Signed an acquisition MoU with AYOU (Shree NagaNarasimha Pvt. Ltd.) to strengthen agri-trade execution.
Strategic collaboration with Origo for post-harvest infrastructure and warehouse receipt financing.
πΌ Action for Investors
Investors should monitor the successful integration of the AYOU acquisition and the scalability of the new agri-trade segment. The significant jump in revenue suggests a successful business pivot, but long-term margin sustainability in the agri-tech space remains the key metric to watch.
Bartronics India Q3 FY26 Net Profit Jumps 144% QoQ to βΉ2.45 Cr; Revenue Up 289%
Bartronics India reported a massive turnaround in Q3 FY26, with revenue surging 289% QoQ to βΉ48.34 crore and net profit rising 144% to βΉ2.45 crore. The growth is driven by the core financial inclusion business and new agri-trade initiatives under Project AVIO. For the nine-month period, net profit grew by 381% YoY to βΉ3.90 crore, indicating strong operating leverage. The company also announced an MoU to acquire AYOU and a partnership with Origo to further scale its agri-tech and warehousing capabilities.
Key Highlights
Q3 FY26 revenue grew 289% QoQ to βΉ48.34 crore compared to βΉ12.4 crore in Q2 FY26
Net profit for Q3 FY26 stood at βΉ2.45 crore, a 144% increase over the previous quarter
9M FY26 net profit rose 381% YoY to βΉ3.90 crore from βΉ0.81 crore in 9M FY25
Signed MoU to acquire AYOU to strengthen agri-trade execution and quick-commerce supply
Operational network spans 10 states and nearly 5,000 villages with 7 banking partners
πΌ Action for Investors
Investors should monitor the successful integration of the AYOU acquisition and the scaling of Project AVIO, as these are driving the current margin expansion. The stock shows strong recovery momentum, but the sustainability of high-velocity agri-trade margins remains a key watchpoint.
Bartronics India Q3 FY26 Revenue Surges 289% QoQ to βΉ48.34 Cr; Net Profit Up 144%
Bartronics India reported a significant jump in financial performance for Q3 FY26, with revenue reaching βΉ48.34 Cr, a 289% increase sequentially. The company is successfully leveraging its existing financial inclusion network of 5,000 villages to roll out its Project Avio agri-tech platform. Net profit for the nine-month period grew by 381% YoY to βΉ3.90 Cr, driven by high-margin agri-trade transactions and operating leverage. Strategic partnerships with Ayou (SNN) and Origo are expected to scale rural commerce and post-harvest capabilities significantly.
Key Highlights
Q3 FY26 revenue grew ~5.5x YoY and 289% QoQ to βΉ48.34 Cr, driven by agri-trade monetization.
9M FY26 Net Profit surged 381% to βΉ3.90 Cr compared to βΉ0.81 Cr in the previous year.
Project Avio targets a GMV of $1 Billion and 1,000 smart agri-stores over the next 3 years.
The company services 40 million farmers across 5,000 villages through 7 banking partners.
Strategic acquisition of Ayou (SNN) enables supply to quick-commerce players like Swiggy Instamart and Zepto.
πΌ Action for Investors
Investors should monitor the execution of Project Avio and the integration of the Ayou acquisition, as the company pivots to a high-growth agri-tech platform. The massive jump in revenue and profit suggests early success in leveraging their rural banking footprint for commerce.
Bartronics India Limited Approves Q3 FY26 Un-audited Financial Results
Bartronics India Limited (ASMS) held a board meeting on February 2, 2026, to approve the un-audited financial results for the quarter and nine months ended December 31, 2025. The results were reviewed by statutory auditors M/s. SVRL & Co, ensuring regulatory compliance under SEBI LODR. While the specific financial figures were not detailed in the cover letter, the meeting was conducted efficiently within one hour. Investors should refer to the full financial annexure to assess the company's operational performance and bottom-line growth.
Key Highlights
Board approved un-audited financial results for the quarter and nine months ended December 31, 2025.
Limited Review Report issued by Statutory Auditors M/s. SVRL & Co.
Board meeting held on February 2, 2026, from 11:00 AM to 12:00 PM.
Compliance maintained under SEBI Listing Obligations and Disclosure Requirements Regulations.
πΌ Action for Investors
Investors should examine the detailed financial statements for specific revenue and profit margins. Compare the Q3 performance against historical data to identify any recovery or growth trends in the business.
Bartronics Partners with Origo for Project Avio; Targets $1 Billion Agri-Business in 3 Years
Bartronics India Limited has signed a Memorandum of Understanding (MoU) with Origo Commodities to accelerate its agri-focused business expansion under the newly initiated 'Project Avio'. The company aims to build a USD 1 billion agri-linked business over the next three years by leveraging its technology platforms and existing rural footprint. The partnership will focus on providing end-to-end solutions including warehousing, commodity financing, and digital auctions across more than 5,000 villages. This collaboration is designed to improve market access and income opportunities for farmers while scaling Bartronics' agritech presence.
Key Highlights
Signed MoU with Origo Commodities for post-harvest agri supply-chain and warehousing services.
Launched Project Avio with a target to build USD 1 billion in agri-linked business over 3 years.
Leveraging an extensive rural distribution network covering more than 5,000 villages.
Focus areas include storage, trade facilitation, financing enablement, and technology-led services.
Partnership integrates Origo's supply-chain expertise with Bartronics' rural banking and tech platforms.
πΌ Action for Investors
Investors should monitor the execution of Project Avio and look for tangible revenue growth from these agri-initiatives in upcoming quarterly results. The ambitious $1 billion target suggests significant scaling, but realization depends on successful operational integration with Origo.
Bartronics India to Acquire 51% Stake in Shree Naga Narasimha Private Limited
Bartronics India Limited has announced the successful completion of due diligence for its proposed acquisition of Shree Naga Narasimha Private Limited (SNN). The company plans to acquire a controlling 51% equity stake in SNN, following an initial Memorandum of Understanding signed on January 8, 2026. The valuation for this transaction has been finalized based on a report from an independent valuer. The company is now moving toward executing definitive agreements to formalize the acquisition.
Key Highlights
Completion of due diligence for the acquisition of Shree Naga Narasimha Private Limited.
Proposed acquisition of a majority 51% equity stake in the target company.
Valuation determined in accordance with a report issued by an independent valuer.
Next steps involve the execution of definitive agreements and regulatory compliance.
πΌ Action for Investors
Investors should monitor the final execution of definitive agreements and the subsequent impact of this majority stake acquisition on the company's consolidated financials and growth trajectory.