Disclaimer for reports issued by Stockstar Consultancy
Stockstar Consultancy (“stockstar”) is a SEBI Registered Research
Analyst
having registration no. INH200009032.
Any research report or notes prepared by Stockstar Consultancy is solely for
information of
the recipient only. The report must not be used as a singular basis of any investment
decision. The views herein are of a general nature and do not consider the risk appetite or
the particular circumstances of an individual investor; readers are requested to take
professional advice before investing. Nothing in these documents should be construed as
investment advice. Each recipient of these document should make such investigations as they
deem necessary to arrive at an independent evaluation of an investment in securities of the
companies referred to in this document (including merits and risks) and should consult their
own advisors to determine merits and risks of such investment. The information and opinions
contained in these notes have been compiled or arrived at, based upon information obtained
in good faith from sources believed to be reliable. Such information has not been
independently verified and no guarantee, representation of warranty, express or implied, is
made as to its accuracy, completeness or correctness. All such information and opinions are
subject to change without notice. Descriptions of any company or companies or their
securities mentioned herein are not intended to be complete. Stockstar Consultancy is
not
obliged to update this report for such changes. Stockstar Consultancy has the right
to make
changes and modifications at any time.
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derived from them. In addition, investors in securities such as ADRs, the values of which
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considered to be taken as an offer to sell or a solicitation to buy any security.
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may; (a)
from time to time, have a long or short position in, and buy or sell the securities of the
company(ies) mentioned herein or (b) be engaged in any other transaction involving such
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financial instruments of the company(ies) discussed herein or act as an advisor or
lender/borrower to such company(ies) or may have any other potential conflict of interests
with respect to any recommendation and other related information and opinions.
Stockstar Consultancy, its partners , analysts or employees do not take any
responsibility,
financial or otherwise, of the losses or the damages sustained due to the investments made
or any action taken on basis of this report, including but not restricted to, fluctuation in
the prices of shares and bonds, changes in the currency rates, diminution in the NAVs,
reduction in the dividend or income, etc.
Stockstar Consultancy and other group companies, its directors, associates, employees
may
have various positions in any of the stocks, securities and financial instruments dealt in
the report, or may make sell or purchase or other deals in these securities from time to
time or may deal in other securities of the companies / organizations described in this
report.
Stockstar Consultancy or its associates have not managed or co-managed public
offering of
securities for the subject company and have not been mandated by the subject company for any
other assignment in the past twelve months.
Stockstar Consultancy or its associates have not received any compensation from the
companies mentioned in the report during the period preceding twelve months from the date of
this report for services in respect of managing or co-managing public offerings, corporate
finance, investment banking or merchant banking, brokerage services or other advisory
service in a merger or specific transaction in the normal course of business.
Research entity has not been engaged in market making activity for the subject company.
Research analyst has not served as an officer, director or employee of the subject company.
We have not received any compensation/benefits from the subject company or third party in
connection with the Research Report.
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