Disclaimer


General Disclaimers: This Research Report (hereinafter called ‘Report’) is prepared and distributed by Grovalue Financial Services Pvt. Ltd for information purposes only. The recommendations, if any, made herein are expression of views and/or opinions and should not be deemed or construed to be neither advice for the purpose of purchase or sale of any Equities /Commodities/ Derivatives/ currency through Grovalue Financial Services Pvt. Ltd nor any solicitation or offering of any investment /trading opportunity in the respective Equities /Commodities/ Derivatives /currency referred to herein. These information / opinions / views are not meant to serve as a professional investment guide for the readers. No action is solicited based upon the information provided herein. Recipients of this Report should rely on information/data arising out of their own investigations. Readers are advised to seek independent professional advice and arrive at an informed trading/investment decision before executing any trades or making any investments. This Report has been prepared on the basis of publicly available information, internally developed data and other sources believed by Grovalue Financial Services Pvt. Ltd. Grovalue Financial Services Pvt. Ltd or its directors, employees, affiliates or representatives do not assume any responsibility for, or warrant the accuracy, completeness, adequacy and reliability of such information / opinions / views. While due care has been taken to ensure that the disclosures and opinions given are fair and reasonable, none of the directors, employees, affiliates or representatives of Grovalue Financial Services Pvt. Ltd shall be liable for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including lost profits arising in any way whatsoever from the information / opinions / views contained in this Report.

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Disclosure of Interest: The research analysts who have prepared this Report hereby certify that the views /opinions expressed in this Report are their personal independent views/opinions in respect of the Equities /Commodities/ Derivatives /currency. None of Grovalue Financial Services Pvt. Ltd, research analysts, or their relatives had any known direct /indirect material conflict of interest including any long/short position(s) in any specific Equities /Commodities/ Derivatives /currency on which views/opinions have been made in this Report, during its preparation.

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