Disclaimer

Important Notice and Limitation of Liability

Please read the following very carefully.

The particulars given below are as per Securities and Exchange Board of India (Research Analysts) Regulations, 2014.

1. About the Research Analyst

Manjushri Sharma (Research Analyst) (hereinafter referred to as the “Research Analyst” or “RA”) is a registered SEBI Research Analyst under the SEBI (Research Analysts) Regulations, 2014, having Registration No. INH000019497.

Below are the brief details:

  1. Research Analyst Name: Manjushri Sharma
  2. Proprietor Name: Ms. Manjushri Sharma
  3. SEBI Registration Number: INH000019497
  4. BSE Enlistment Number: 6488
  5. Address: B 07 Flat No 704, Palash Parisar Phase 2, Omaxe Hill, Indore, Madhya Pradesh, 453331
  6. Email ID: sharma.manjushri@gmail.com
  7. Contact No.: +91 70006 27998

2. History, Present Business and Background

The Research Analyst is engaged in offering research recommendation to the clients in the Indian Securities Market. Its scope of services is restricted to providing independent research services and is in no way involved in offering any Investment Advice, recommendation Management or any other ancillary services.

The Research Analyst does not offer any execution or distribution services.

3. Terms and Conditions of Research Services

The Research Services will be limited to providing independent research and shall not be involved in any recommendation allocation services, execution services or distribution services.

4. Disciplinary History

No penalties / directions have been issued by SEBI under the SEBI Act or Regulations made there under against the Research Analyst relating to Research Analyst services.

There are no pending material litigations or legal proceedings, findings of inspections or investigations for which action has been taken or initiated by any regulatory authority against the Research Analyst.

5. Details of Its Associates

The details of associates shall be provided as and when required.

6. Disclosure with regard to Ownership and Material Conflicts of Interest

  1. The Research Analyst or its associates or relatives do not have financial interest in the subject Company.
  2. The Research Analyst or its associates or relatives do not have actual/beneficial ownership of one percent or more securities of the subject Company at the end of the month immediately preceding the date of publication of the research report or date of the public appearance.
  3. The Research Analyst or its associates or relatives do not have any other material conflict of interest at the time of publication of the research report or at the time of public appearance.

7. Disclosure with regard to Receipt of Compensation

  1. The Research Analyst or its associates have not received compensation from the subject Company in the past twelve months.
  2. The Research Analyst or its associates have not managed or co-managed public offering of securities for the subject Company in the past twelve months.
  3. The Research Analyst or its associates have not received any compensation for investment banking, merchant banking, or brokerage services from the subject Company in the past twelve months.
  4. The Research Analyst or its associates have not received any compensation for products or services other than investment banking, merchant banking, or brokerage services from the subject company in the past twelve months.
  5. The Research Analyst or its associates have not received any compensation or other benefits from the subject Company or third party in connection with the research report.

8. Disclosure with regard to Receipt of Compensation (For Public Appearance)

  1. Whether it or its associates have received any compensation from the subject company in the past twelve months – No
  2. Whether the subject company is or was a client during twelve months preceding the date of distribution of the research report and the types of services provided – No

9. General Disclosure

  1. The Research Analyst has not served as an officer, director or employee of the subject Company.
  2. The Research Analyst has not been engaged in market making activity for the subject Company.
  3. The Research Analyst is not using any Artificial Intelligence (AI) tool in research services.

10. Additional Disclosures

Trading/investing in Stock Market involves considerable risk. Investment in equity shares, futures, options and commodities has its own risks. You may lose part or all of the initial investment because stock market investments are subject to market risk.

Registration granted by SEBI, enlistment of Research Analyst (RA) with Exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

The research recommendation and/or report provided is based on information & analysis which is believed to be accurate. This information is provided to enable you to make your own investment decisions and should not be construed as investment advice.

The Research Analyst does not offer any product/service with assured/guaranteed returns. Investment decisions are at the client’s own discretion.

Client is advised to trade only if research recommendation and/or report suit his/her current risk appetite and risk bearing capacity. All recommendations/reports shall be considered as a view or opinion and client shall decide actual trades at his/her discretion.

11. Interpretation

Unless the context otherwise requires, words importing the singular shall include the plural and vice versa; words importing the masculine gender shall include the feminine and vice versa; and words importing natural persons shall include bodies corporate, partnerships, and other legal entities, and vice versa.

12. Definitions of Terms Used

  1. Buy: Stock recommended to be bought at market or within price band mentioned.
  2. Sell / Target: Price at which stock must be sold, including target price scenarios.
  3. Hold: Stock may be held with no exit required.
  4. Stop loss price: Price at which stock must be exited due to adverse market movement.
  5. Add / Accumulate: Gradually purchasing additional quantities of the stock.
  6. Reduce / Trim: Gradually decreasing exposure in the stock without a full exit.
  7. Neutral: No significant upside or downside expected.
  8. Outperform: Expected returns higher than relevant benchmark index.
  9. Underperform: Expected returns lower than relevant benchmark index.
  10. Fair Value / Valuation: Estimated intrinsic value of the stock derived from analysis and valuation models.
  11. Benchmark: Index or market standard used for performance comparison.
  12. Risk Factors: Potential events, conditions, or variables that may materially affect the outcome of the recommendation.

Disclaimer: Registration granted by SEBI, enlistment of RA with Exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Standard warning: Investment in securities market are subject to market risks. Read all the related documents carefully before investing.

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