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Disclaimers

The contents are issued by Ratni Distributors Pvt. Ltd a sole proprietorship firm registered with MSME licence No. UDYAM-DL-11-0067734. The information herein has been obtained from public information and other information specifically shared by you with us for evaluation purposes. We do not guarantee its veracity, accuracy or completeness. Neither the information nor any opinion expressed constitutes an offer, or an invitation to make an offer, to buy or sell any securities. The information is strictly private and confidential and for the intended recipient only. Any circulation of these contents or any part thereof will be considered an infringement of privacy policy. These should not be considered as any sort of advisory/consultancy. Any advice, if included, is incidental in nature. We do not hold any responsibility of any action taken by investor’s basis this advice. The investor may seek financial and other advice before relying on the data set out in this report. It is possible that any possible inferred change in position of such securities may not happen. The investor should note that income from such securities, if any, may fluctuate and that each security’s price or value may rise or fall. Past performance is not necessarily a guide for future prospect and performance.

The contents are indicative and based on public information and/or details shared with us and our interpretation of the same. The contents are not based on detailed assessment of the specific investment objectives, financial situation and the particular needs of any specific person who may consume this. Investors must undertake independent analysis with their own legal, tax and financial advisors and must reach their own decision regarding the appropriateness of investing in any securities or investment strategies discussed and should understand that statements regarding future prospects may not be realized. The contents or views may not be suitable for all investors. The contents are strictly confidential and are being furnished solely for purposes of knowledge sharing and education. The contents are not directed or intended for distribution to, or used 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 licensing requirements within such jurisdiction. The distribution of these contents in certain jurisdictions may be restricted by law, and persons in whose possession this report comes, should observe such restrictions. The contents are periodically updated and there can be no assurance that future results or events will be consistent with this information. This contents are subject to change without any prior notice. We reserve the right to make modifications and alterations to this statement as may be required from time to time. We or any of our affiliates shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the contents. The contents does not constitute or form part of and should not be construed as, any offer for sale or subscription of or any invitation to offer to buy or subscribe for any securities. The contents and opinions (if any) on which this communication is based have been complied or arrived at from sources believed to be reliable and in good faith, but no representation or warranty, express or implied, is made as to their accuracy, correctness and are subject to change without notice The view may be positively or adversely affected by changes in foreign exchange or interest rates, as well as by other financial, economic or political factors Past performance is not necessarily indicative of future performance or results Investors are advised to read “Risk disclosure documents for capital market and derivatives segments” as prescribed by Securities and Exchange Board of India before investing in Indian Securities Market.

Analyst Certification

The person who prepared these contents hereby certifies that the views expressed herein accurately reflect the persons personal views about all of the subject issuers and/or securities. That the person does have conflict of interest and part of his compensation was, is or will be, directly or indirectly, related to the specific views contained. The person certifies that he /she or his her family members may own or have a beneficial relationship with the instruments covered herein.

Copyright

The information contained herein is confidential and is intended solely for the addressee(s). The copyright of these contents belongs exclusively to Ratni Distributors Pvt. Ltd. All rights are reserved. Any unauthorized use or disclosure is prohibited. No reprinting or reproduction, in whole or in part, is permitted without our prior consent, except that a recipient may reprint it for personal consumption only.

Caution: Securities and Derivatives markets may be subject to rapid and unexpected price movements and past performance is not necessarily an indication to future performance There are risks associated with securities and derivatives Investors should carefully consider whether trading is appropriate for them in light of their experience, objectives, financial resources and other relevant circumstances.

MSME licence No. UDYAM-DL-11-0028796
Trade licence Certificate No.- 0917P17412266914
Certified Investment Advisor | NISM XA Registration Number – NISM-201400001672 | Enrolment Number – 2200111789
Certified Investment Advisor | NISM XB Registration Number – NISM-201400001672 | Enrolment Number – 2200111791