Nature of Research :-

Sagar Dhawan Research Analyst provides research services in the nature of buy/sell/hold recommendations for equity and derivative instruments listed on Indian stock exchanges.

Disclosures under SEBI (Research Analysts) Regulations, 2014

• The Research Analyst or his relatives may or may not have any financial interest in subject company/companies. Specific disclosure is made in each research report where applicable.
• The Research Analyst or his relatives do not hold any financial interest in the subject company more than 1% of the total shareholding as on the last day of the month preceding the publication.
• The Research Analyst has not received any compensation from the subject company in the past 12 months for investment banking or merchant banking or brokerage services.
• The Research Analyst has not managed or co-managed public offering of securities of the subject company in the past 12 months.
• The Research Analyst has not served as an officer, director, or employee of the subject company.

General Risk Disclosures

• Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
• Market Risks refer to partial or permanent loss on your investments in certain market conditions.
• The securities quoted are for illustration only and are not recommendatory.
• Registration granted by SEBI and certification from NISM in no way guarantees the performance of the intermediary or provides any assurance of returns to investors.

Past performance is not indicative of future results.