Disclaimer as Research Analyst
NJ IndiaInvest Private Limited (CIN: U67120GJ2000PTC037674), a company registered under Companies Act, 1956 having its registered office situated at Block No. 901 & 902, 6th Floor, B Tower, Udhna Udyognagar Sangh Commercial Complex, Central Road No.10, Udhna, Surat-394210, Gujarat; is a SEBI registered Research Analyst (Registration No. INH000015224), Research Analyst Administration and Supervisory Body (RAASB) enlisted Research Analyst (Enlistment No. 6064), trading member of Bombay Stock Exchange Limited (BSE) and National Stock Exchange of India Limited (NSE) and also a depository participant with National Securities Depository Limited (NSDL) and Central Depository Services Limited (CDSL). It is engaged in diversified financial services business including stock broking, DP services, distribution of financial products.
NJ IndiaInvest Private Limited ("NJ Wealth") has five subsidiaries which includes NJ Trustee Private Limited, NJ Asset Management Private Limited, NJ Insurance Brokers Private Limited, Finlogic Technologies India Private Limited and NJ Charitable Foundation.
This Research Report (“Report”) is for the personal information of the authorized recipient(s) and is not for public distribution and should not be reproduced or redistributed to any other person or in any form without NJ Wealth’s prior permission. This Report has been prepared on the basis of publicly available information, internally developed data and other sources believed by NJ Wealth to be reliable and the said information given in this Report is as of the date of this Report and there can be no assurance that future results or events will be consistent with this information as past performance is not necessarily a guide to future performance. Opinions expressed are our current opinions as of the date appearing on this Research only. Our proprietary trading and investment businesses may make investment decisions that are inconsistent with the recommendations expressed in the Report. This Report is provided for assistance only and is not intended to be and must not alone be taken as the basis for an investment decision. The recipient assumes the entire risk of any use made of this information. Each recipient of this Report should make such an investigation as it deems necessary to arrive at an independent evaluation of an investment in Securities referred to in this document (including the merits and risks involved), and should consult his/her own advisors to determine the merits and risks of such investment. Investment in Securities are subject to market risks. Read all the related documents carefully before investing. The investment discussed or views expressed may not be suitable for all investors. Registration granted by SEBI, membership of a SEBI recognized supervisory body (if any) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
This information is subject to change without any prior notice and NJ Wealth reserves the right to make modifications and alterations to this statement as may be required from time to time. This report does not constitute an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. NJ Wealth and/or its 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 information contained in this report. NJ Wealth is committed to providing independent and transparent recommendations to its clients.
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All of the views expressed in this report accurately reflect the personal views of our research team about the subject company or companies and its or their securities, and no part of their compensation was, is or will be, directly or indirectly related to specific recommendations or views expressed in this report.
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NJ Wealth and its associates, officer, directors, and employees, (including relatives) worldwide may: (a) from time to time, have long or short positions in, and buy or sell the Securities, mentioned herein or (b) be engaged in any other transaction involving such Securities and earn brokerage or other compensation from the subject company /company(ies) discussed herein or act as lender/borrower to such company(ies) or have other potential/material conflict of interest with respect to any recommendation and related information and opinions at the time of publication of research report or at the time of public appearance. NJ Wealth may have a proprietary long/short position in the above mentioned scrip(s) and therefore should be considered as interested.
Participants in foreign exchange transactions may incur risks arising from several factors, including the following: ( i) exchange rates can be volatile and are subject to large fluctuations; ( ii) the value of currencies may be affected by numerous market factors, including world and national economic, political and regulatory events, events in equity and debt markets and changes in interest rates; and (iii) currencies may be subject to devaluation or government imposed exchange controls which could affect the value of the currency. Investors in securities such as ADRs and Currency Derivatives, whose values are affected by the currency of an underlying security, effectively assume currency risk.
NJ Wealth and/or its affiliates and/or employees may have interests/positions, financial or otherwise in the securities mentioned in this report. To enhance transparency, NJ Wealth has incorporated a disclosure of interest statement in this document. This should however not be treated as endorsement of views expressed in this report.
Disclosures | |
|---|---|
Ownership and material conflicts of interest | |
whether the research analyst or research entity or his associate or his relative has any financial interest in the subject company and the nature of such financial interest; | No |
whether the research analyst or research entity or its associates or relatives, have actual/beneficial ownership of one per cent. or more 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; | No |
whether the research analyst or research entity or his associate or his relative, has any other material conflict of interest at the time of publication of the research report or at the time of public appearance; | No |
Receipt of compensation | |
whether it or its associates have received any compensation from the subject company in the past twelve months; | No |
whether it or its associates have managed or co-managed public offering of securities for the subject company in the past twelve months; | No |
whether it or its associates have received any compensation for investment banking or merchant banking or brokerage services from the subject company in the past twelve months; | No |
whether it or its associates have received any compensation for products or services other than investment banking or merchant banking or brokerage services from the subject company in the past twelve months; | No |
whether it or its associates have received any compensation or other benefits from the subject company or third party in connection with the research report. | No |
Other Disclosures | |
whether the research analyst has served as an officer, director or employee of the subject company; | No |
whether the research analyst or research entity has been engaged in market making activity for the subject company | No |
There were no instances of non-compliance by NJ Wealth on any matter related to the capital markets, resulting in significant and material disciplinary action during the last three years.
- Mr. Rakesh Bait
- Mr. Krishnam Mundhra
- Mr. Vineet Nandwani
Analyst Certification:
The analyst for this report certifies that all of the views expressed in this report accurately reflect his or her personal views about the subject company or companies and its or their securities, and no part of his or her compensation was, is or will be, directly or indirectly related to specific recommendations or views expressed in this report.
Compliance Officer: Varsha Doctor, Email: compliance@njgroup.in, Phone: 0261- 4025917
For any research analyst grievances, please write a mail to ragrievance@njgroup.in