Synopsis of the Company's Contribution to India's Technological Landscape.
Algonauts Advisory Private Limited (Algonauts Advisory Private
Limited) is an investment advisor engaged in the equity advisory
business. Algonauts Advisory Private Limited is Sebi registered
investment adviser. Algonauts Advisory Private Limited Research
Analyst SEBI Registration Number - INA000017277. Algonauts
Advisory Private Limited SEBI Registration INA000017277.
Recommendation in reports based on technical and derivative analysis
centre on studying charts of a stock's price movement, outstanding
positions, trading volume etc as opposed to focusing on a company's
fundamentals and, as such, may not match with the recommendation
in fundamental reports. Investors may visit www.algonautsadvisory.in
to view Technical Research Reports.
The information and opinions in this report have been prepared by
Algonauts Advisory Private Limited and are subject to change without
any notice. The report and information contained herein is strictly
confidential and meant solely for the selected recipient and may
not be altered in any way, transmitted to, copied or distributed,
in part or in whole, to any other person or to the media or reproduced
in any form, without prior written consent of Algonauts Advisory
Private Limited. While we would endeavour to update the information
herein on a reasonable basis, Algonauts Advisory Private Limited
is under no obligation to update or keep the information current.
Also, there may be regulatory, compliance or other reasons that may
prevent Algonauts Advisory Private Limited from doing so.
This report is based on information obtained from public sources
and sources believed to be reliable, but no independent verification
has been made nor is its accuracy or completeness guaranteed. This
report and information herein is solely for informational purpose
and shall not be used or considered as an offer document or solicitation
of offer to buy or sell or subscribe for securities or other financial
instruments. Though disseminated to all the customers simultaneously,
not all customers may receive this report at the same time. Algonauts
Advisory Private Limited will not treat recipients as customers by
virtue of their receiving this report. Nothing in this report constitutes
investment, legal, accounting and tax advice or a representation
that any investment or strategy is suitable or appropriate to your
specific circumstances. The securities discussed and opinions expressed
in this report may not be suitable for all investors, who must make
their own investment decisions, based on their own investment objectives,
financial positions and needs of specific recipient. This may not
be taken in substitution for the exercise of independent judgment
by any recipient. The recipient should independently evaluate the
investment risks. The value and return on investment may vary because
of changes in interest rates, foreign exchange rates or any other
reason. Algonauts Advisory Private Limited accepts no liabilities
whatsoever for any loss or damage of any kind arising out of the
use of this report. Past performance is not necessarily a guide to
future performance. Investors are advised to see Risk Disclosure
Document to understand the risks associated before investing in the
securities markets. Actual results may differ materially from those
set forth in projections. Forward-looking statements are not predictions
and may be subject to change without notice.
Algonauts Advisory Private Limited or its associates might have received
any compensation for products or services other than investment banking
or merchant banking or brokerage services from the companies mentioned
in the report in the past twelve months.
Algonauts Advisory Private Limited encourages independence in research
report preparation and strives to minimize conflict in preparation
of research report. Algonauts Advisory Private Limited or its associates
or its analysts did not receive any compensation or other benefits
from the companies mentioned in the report or third party in connection
with preparation of the research report.
Accordingly, neither Algonauts Advisory Private Limited nor Research
Analysts and their relatives have any material conflict of interest
at the time of publication of this report.
Compensation of our Research Analysts is not based on any specific
merchant banking, investment banking or brokerage service transactions.
Algonauts Advisory Private Limited or its subsidiaries collectively
or Research Analysts or their relatives do not own 1% or more of
the equity securities of the Company mentioned in the report as of
the last day of the month preceding the publication of the research
report.
Since associates of Algonauts Advisory Private Limited and Algonauts
Advisory Private Limited as a entity are engaged in various financial
service businesses, they might have financial interests or actual/
beneficial ownership of one percent or more or other material conflict
of interest various companies including the subject company/companies
mentioned in this report.
Algonauts Advisory Private Limited may have issued other reports
that are inconsistent with and reach different conclusion from the
information presented in this report. Neither the Research Analysts
nor Algonauts Advisory Private Limited have been engaged in market
making activity for the companies mentioned in the report.
We submit that no material disciplinary action has been taken on
Algonauts Advisory Private Limited by any Regulatory Authority impacting
Equity Research Analysis activities.
This report is not directed or intended for distribution to, or use
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 which would subject Algonauts Advisory Private
Limited and affiliates to any registration or licensing requirement
within such jurisdiction. The securities described herein may or
may not be eligible for sale in all jurisdictions or to certain category
of investors. Persons in whose possession this document may come
are required to inform themselves of and to observe such restriction.