Investment in the securities involves risks. The user of this website is required to undergo risk profiling before investing. No content on this website, blog and/or articles should be construed to be an investment advice. You should consult a qualified financial advisor prior to making any actual investment or trading decisions. All information on this website is a point of view, and is for educational and informational use only. The author, Neeraj Gupta Research Analyst and Panomac (panomac.com) accepts no liability for any interpretation of articles or comments on this blog being used for actual investments. Each user of this information should make such investigation as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred here (including the merits and risks involved), and should consult his own advisors to determine the merits and risks of such investment. Past performance is not necessarily a guide to future performance. Panomac (www.panomac.com) and Neeraj Gupta Research Analyst has taken due care and caution in compilation of data for its website. However, Panomac (www.panomac.com) and Neeraj Gupta Research Analyst do not guarantee the accuracy, adequacy or completeness of any information on the website, nor do we assume any liability for any loss that may result from reliance upon any such information or recommendations. While we may talk about strategies or positions in the market, our intent is solely to showcase effective risk-management in dealing with financial instruments. This is purely an information service and any trading done on the basis of this information is at your own, sole risk. Information and recommendations on the site are for general information only. Nothing contained herein is an offer to sell nor solicitation to buy any securities.


1.         At the time of making a public appearance or sharing a chart study for educational purpose, the analyst and his clients might have a position in the stock covered. Please do your own due-diligence and consult your financial advisor before making investment decisions. 

2.         The research analyst does not have any material conflict of interest at the time of publication of the research report

3.         The research analyst has not received any compensation from the subject company in the past twelve months

4.         The research analyst or its associates has not managed or co-managed public offering of securities, has not received any compensation for investment banking or merchant banking or brokerage services nor received any third-party compensation. The subject company was not a client during twelve months preceding the date of distribution of the research report.

5.         The research analyst has not served as an officer, director or employee of the subject company.

6.         The research analyst or research entity has not been engaged in market making activity for the subject company.

7.         The research analyst or research entity or its associates or relatives does not have actual/beneficial ownership of one per cent or more in the 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.

8.         The analyst does not own more than 1% equity in the said company.


Name of the Analyst: Neeraj Gupta

SEBI Research Analyst Registration no.: INH000006022


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