Nothing in the research report constitutes investment, legal, accounting, or tax advice or a representation that any investment or strategy is suitable or appropriate for customer satisfaction. The securities and strategies discussed and opinions expressed, if any, in the research report may not be suitable for all investors, who must make their own investment decisions based on their own investment objectives, financial positions, and needs of specific recipients.
While we endeavor to update the information herein on a reasonable basis, S A Artha Securities Private Limited, its subsidiaries, and associated companies, their directors, and employees are under no obligation to update or keep the information current. Also, regulatory compliance or other reasons may prevent S A Artha Securities Private Limited and its affiliates from doing so. The research reports are prepared for assistance only and are not intended to be and must not alone be taken as the basis for an investment decision.
The information given in the research report is as of the date of the research report, and there can be no assurance that future results or events will be consistent with this information. S A Artha Securities Private Limited reserves the right to make modifications and alterations to the report from time to time without prior approval. Neither S A Artha Securities Private Limited nor its directors, employees, agents, or representatives shall be liable for any damages, whether direct, indirect, special, or consequently, including loss of revenue or lost profits that may arise from or in connection with the use of the information.
Recipients of the research report should also be aware that past performance is not necessarily a guide to future performance, and the value of investments can go down as well. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document (including the merits and risks involved) and should consult its own advisors to determine the merits and risks of such an investment. The investment discussed, or views expressed may not be suitable for all investors. We do not undertake to advise you as to any change of our views.
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Research Analyst does not have any financial interest in securities or derivatives of the subject company, actual/beneficial ownership of 1% 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 and material conflict of interest at the time of publication of the research report/ date of the public appearance.
Research Analysts have not received any compensation from the subject company in the past twelve months, have not received any compensation for investment banking, merchant banking, brokerage services, or any compensation or other benefits from the subject company or from a third party in the past twelve months in connection with the research report, has not been a part of the team that has managed or co-managed the public offering of securities for the subject company in the past twelve months, has not been engaged in market-making activities for the subject company and has not served as an officer, director, or employee of the subject company
Either S A Artha Securities Private Limited or its affiliates or its directors or employees/representatives/clients or their relatives may have positions, make the market, act as principal or engage in transactions of purchase or sell of securities and earn brokerage in any other transaction involving such securities, from time to time or may be materially interested in any of the securities or related securities referred to in this report. S A Artha Securities Private Limited may, from time to time, solicit from or perform investment banking or other services for any company mentioned herein. Without limiting any of the foregoing, in no event shall S A Artha Securities Private Limited, any of its affiliates, or any third party involved in, or related to, computing or compiling the information have any liability for any damages of any kind.
S A Artha Securities carries out proprietary trading in the cash and derivative segment. Our proprietary trading and investment business may make investment decisions that are inconsistent with the recommendations expressed herein.
The analyst certifies that the analyst might have dealt or traded directly or indirectly in securities of the company and that all the views expressed in the research report accurately reflect his or her personal views about the subject company or companies and its or their securities and do not necessarily reflect those of S A Artha Securities Private Limited.
Investments in the securities market are subject to market risks; read all the related documents carefully before investing. The securities quoted are for illustration only and are not recommendatory. Registration granted by SEBI and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors. The client should read the Risk Disclosure Document issued by SEBI & relevant exchanges and the Terms and Conditions of S A Artha Securities Private Limited.