Disclaimer

RS Wealth Management Private Limited is a SEBI Registered Stock broking Co. registered with BSE,NSE, MCX in all segments CM, F&O and Currency Segments.  RS Wealth is also a Depository Participant and Registered with CDSL. RS RS Wealth Management Private Limited Includes Subsidiaries, Group and Associate Companies, Promoter, Directors, Employees and affiliates.

All the views and information share by us are believed to be up-to-date, true and correct and, all due care / endeavor has been given to ensure the correctness of it. Moreover, the information provided in this in reports & website is for general information purposes only. In no case RS Wealth Management Pvt. Ltd., our research team and other employees hold any responsibility, direct or indirect if any error is found. Our all the products are our views and for information purposes only. Users shall be solely responsible for any reliance they place on such information and views, data, charts, quotes, buy/sell signal contained within report & website, which leads to any profit or loss situation or trading profit or loss situation, irrespective of its quantum. RS Wealth Management Pvt. Ltd. would like to remind you that the data contained in report & website is not necessarily real-time. Please be fully informed regarding the risks associated with trading the financial markets. All rights are reserved. Any redistribution or reproduction of all or part of the contents of this report in any form without the prior written consent of RS Wealth Management Pvt. Ltd. Management Pvt. Ltd. is prohibited.

This Report is prepared by RS Wealth Management Private Limited with the Provisions of Regulation 19 of SEBI (Research Analyst) Regulation 2014 for use by Recipient as information only and is not for general circulation or public distribution. Any such recipient shall be responsible for conducting his/her/its/their own investigation and analysis of the information contained or referred to in this report and of evaluating the merits and risks involved in securities forming the subject matter of this report. The price and value of the investment referred to in this report and income from them may go up as well as down, and investors may realize profit/loss on their investments. Past performance is not a guide for future performance. Actual results may differ materially from those set forth in the projection.

Since  RS Wealth Management Private Limited or its associates are engaged in various financial activities, they might have financial interest or beneficial ownership in various companies including subject company/companies mentioned in the report. RS WEALTH MANAGEMENT PRIVATE LIMITED  or its associates have not received any compensation for investment banking or merchant banking from the subject company in the past 12 months.  RS WEALTH MANAGEMENT PRIVATE LIMITED  or its associates might have received any compensation including brokerage services and for products or services other than investment banking or merchant banking from the subject company in the past 12 months. It is confirmed that RS WEALTH MANAGEMENT PRIVATE LIMITED  or research analyst or its associates have not managed or co-managed public offering of securities for the subject company in the past 12 months.

Research analyst or RS WEALTH MANAGEMENT PRIVATE LIMITED  or its relatives’/associates’ have no material conflict of interest at the time of publication of this report. Neither research analyst nor RS WEALTH MANAGEMENT PRIVATE LIMITED  are engaged in market making activity for the subject company. It is confirmed that research analysts do not serve as an officer, director or employee of the subject company. It is also confirmed that research analyst have not received any compensation from the subject company in the past 12 months. RS WEALTH MANAGEMENT PRIVATE LIMITED  or its associates have not received any compensation or other benefits from the Subject Company or third party in connection with the research report.

No material disciplinary action has been taken on RS WEALTH MANAGEMENT PRIVATE LIMITED  by any regulatory authority impacting Equity Research Analysis activities.

The views contained in this document are those of the analyst, and the company may or may not subscribe to all the views expressed within. This information is subject to change, as per applicable law, without any prior notice. RS WEALTH MANAGEMENT PRIVATE LIMITED  reserves the right to make modifications and alternations to this statement, as may be required, from time to time.

Research analyst or RS WEALTH MANAGEMENT PRIVATE LIMITED  or its relatives’/associates’ do not have actual/beneficial ownership of 1% or more in securities of the subject company, at the end of the month immediately preceding the date of publication of the document.