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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