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Kindly note that this document does not constitute an offer or solicitation for
the purchase or sale of any financial instrument or as an official confirmation
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Pvt. Ltd. will not treat recipients as customers by virtue of their receiving this
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The information contained herein is from publicly available data or other sources
believed to be reliable. While we would endeavour to update the information herein
on reasonable basis, Arham Share Consultants Pvt. Ltd., their directors and employees
(“Arham Share Consultants Pvt. Ltd. and affiliates”) are under no obligation to
update or keep the information current. Also, there may be regulatory, compliance,
or other reasons that may prevent Arham Share Consultants Pvt. Ltd. and affiliates
from doing so. We do not represent that information contained herein is accurate
or complete and it should not be relied upon as such. This document is prepared
for assistance only and is not intended to be and must not alone be taken as the
basis for an investment decision. The user assumes the entire risk of any use made
of this information.
Each recipient of this document should make such investigations as it deems necessary
to arrive at an independent evaluation of an investment in the securities of companies
referred to in this document (including the merits and risks involved), and should
consult its own advisors to determine the merits and risks of such an investment.
The investment discussed or views expressed may not be suitable for all investors.
We do not undertake to advise you as to any change of our views. Affiliates of Arham
Share Consultants Pvt. Ltd. may have issued other reports that are inconsistent
with and reach different conclusion from the information presented in this report.
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Arham Share Consultants Pvt. Ltd.& affiliates may have used the information set
forth herein before publication and may have positions in, may from time to time
purchase or sell or may be materially interested in any of the securities mentioned
or related securities. Arham Share Consultants Pvt. Ltd. may from time to time solicit
from, or perform investment banking, or other services for, any company mentioned
herein. Without limiting any of the foregoing, in no event shall Arham Share Consultants
Pvt.Ltd., any of its affiliates or any third party involved in, or related to, computing
or compiling the information have any liability for any damages of any kind. Any
comments or statements made herein are those of the analyst and do not necessarily
reflect those of Arham Share Consultants Pvt. Ltd.