Disclaimer

Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.
SEBI Registered Research Analyst - Cupressus Enterprises Pvt Ltd - INH000013828.
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.

ANALYST CERTIFICATION

We, Cupressus Enterprises Pvt Ltd, Corporate Research Analyst, hereby certify that all of the views expressed in this research report accurately reflect our views about the securities. We also certify that no part of our compensation was, is, or will be directly or indirectly related to the specific recommendation(s) or view(s) in this report.

OTHER DISCLOSURES FOR ANY REPORT PUBLISHED:

Cupressus Enterprises Pvt Ltd is a SEBI registered Research Analyst with Sebi Registration Number – INH000013828.
The information and opinions in this report have been prepared by the analyst and are subject to change without any notice. The report and information contained herein is strictly confidential and meant solely for the selected recipient and may not be altered in any way, transmitted to, copied or distributed, in part or in whole, to any other person or to the media or reproduced in any form, without prior written consent of the analyst or www.intelsense.in. While we would endeavour to update the information herein on a reasonable basis, the analyst is under no obligation to update or keep the information current. Also, there may be regulatory, compliance or other reasons that may prevent the analyst from doing so.
This report is based on information obtained from public sources and sources believed to be reliable, but no independent verification has been made nor is its accuracy or completeness guaranteed.
This report and information herein is solely for informational purpose and shall not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments. Though disseminated to all the customers simultaneously, not all customers may receive this report at the same time.
The analyst will not treat recipients as customers by virtue of their receiving this report.
Nothing in this report constitutes investment, legal, accounting and tax advice or a representation that any investment or strategy is suitable or appropriate to your specific circumstances.
The securities discussed and opinions expressed in this 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 recipient. This may not be taken in substitution for the exercise of independent judgment by any recipient. The recipient should independently evaluate the investment risks. The value and return on investment may vary because of changes in interest rates, foreign exchange rates or any other reason. The analyst accepts no liabilities whatsoever for any loss or damage of any kind arising out of the use of this report. Past performance is not necessarily a guide to future performance. Investors are advised to understand the risks associated before investing in the securities markets. Actual results may differ materially from those set forth in projections. Forward-looking statements are not predictions and may be subject to change without notice.
The analyst has not received any compensation from the companies mentioned in the report during the period preceding twelve months from the date of this report.
The analyst encourages independence in research report preparation and strives to minimize conflict in preparation of research report. The analyst did not receive any compensation or other benefits from the companies mentioned in the report or third party in connection with preparation of the research report. Accordingly, the analyst has no material conflict of interest at the time of publication of this report.
Since associates of the analyst are engaged in various financial service businesses, they might have financial interests or beneficial ownership in various companies including the subject company/companies mentioned in this report.
It is confirmed that the Research Analyst does not serve as an officer, director or employee of the companies mentioned in the report.
The analyst may have issued other reports that are inconsistent with and reach different conclusion from the information presented in this report.
The analyst has not been engaged in market making activity for the companies mentioned in the report.
We submit that no material disciplinary action has been taken on the analyst by any Regulatory Authority impacting Equity Research Analysis activities.
This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subject the analyst and affiliates to any registration or licensing requirement within such jurisdiction. The securities described herein may or may not be eligible for sale in all jurisdictions or to certain category of investors. Persons in whose possession this document may come are required to inform themselves of and to observe such restriction.