Research Report Disclaimer

Disclosure : I, Aryan Jain, author and the name subscribed to this report, hereby certify that all of the views expressed in this research report accurately reflect my views about the subject issuer(s) or securities. I certify that no part of my compensation was, is, or will be directly or indirectly related to the specific recommendation(s) or view(s) in this report.

It is confirmed that Mr. Aryan Jain, Research Analyst or his relative or Tradebook Consultancy Services Private Limited does not have any financial interest in the subject company. Also Mr. Aryan Jain, Research Analyst or his relative or Tradebook Consultancy Services Private Limited or its Associates does not have beneficial ownership of 1% or more in the subject company at the end of the month immediately preceding the date of publication of the Research Report. Further Mr. Aryan Jain, Research Analyst or his relative or Tradebook Consultancy Services Private Limited or its associate does not have any material conflict of interest.

Holding by the Research analyst or Research entity in the stock(s) for which recommendation is given– Nil

It is also confirmed that above mentioned Analyst(s) of this report have not received any compensation from the companies mentioned in the report in the preceding twelve months and do not serve as an officer, director or employee of the company(ies) mentioned in the report.

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Recommendation in reports based on technical and derivative analysis centre on studying charts of a stock's price movement, outstanding positions, trading volume etc as opposed to focusing on a company's fundamentals and, as such, may not match with the recommendation in fundamental reports.

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