“This Research recommendations has been prepared and published by CA Rahul Chhabadia, a SEBI-registered Research Analyst, bearing SEBI Registration Number INH000016047 and BSE Research Analyst Enlistment Number 6149. The Research analyst provides recommendations in accordance with the SEBI (Research Analysts) Regulations, 2014 and subsequent amendments thereto.”
“I, CA Rahul Chhabadia, Research Analyst, all the views expressed in this research report reflect personal, independent views about the subject company/companies and its/their securities and no part of my compensation was, is, or will be directly or indirectly related to the specific recommendation(s) or views expressed in this report.”
“No material disciplinary action has been taken by SEBI or any other regulatory authority
against me in the last three years.”
“At the time of publication of this research recommendations, I and my associates/relatives have no material conflict of interest in the subject company/companies. But yes we might have position in the security but the research recommendation is totally independent of those position, as its based on the current and technical as well as fundamental views at the
time when the recommendation was provided. Research recommendation is unaffected by
the positions we or our associates might have, as its totally based on the technical or fundamental or news or events based or breakout or chart patterns or candlestick patterns or technical indicators. While associates/relatives may hold positions, such positions do not in any manner influence or compromise the independence of research recommendations,
which are based solely on technical, fundamental, and market factors at the time of
providing recommendations.
For investor grievances, please contact Compliance Officer
In case of no resolution by the concerned person as some things are beyond anyone control,
Investors may also lodge complaints on SEBI’s SCORES platform at
https://scores.sebi.gov.in.”
“This recommendations has been prepared based on publicly available information,
corporate filings, conference calls, and other reliable sources, and the opinions expressed
based on professional judgment.”
“The information contained herein is derived from publicly available sources believed to be reliable, such as company filings, stock exchange disclosures, annual reports, industry reports, and government publications. While utmost care has been taken to ensure accuracy, completeness, and fairness, I make no representation or warranty, express or implied, that such information is accurate or complete. Opinions expressed are subject to change without notice.”
“Investment in securities market is subject to market risks. Past performance is not
indicative of future results. The recommendations are based on general analysis and do not
take into account the risk-return profile or financial situation of any particular investor.
Investors are advised to consult their financial advisor before acting on the
recommendations.”
“No guarantee of return is offered. The Research Analyst does not assure or guarantee any
returns, profits, or protection against losses arising out of any investment action taken on
the basis of this recommendations.”
“CA Rahul Chhabadia (SEBI Registered Research Analyst – INH000016047, BASL Member,
BSE Enlistment No. 6149) and/or his associates/relatives may receive brokerage or other
transactional income arising from trades executed by clients pursuant to the
recommendations contained herein. This is disclosed in compliance with Regulation 23 of
the SEBI (Research Analysts) Regulations, 2014. Such brokerage earnings, if any, do not in
any way influence the views, recommendations, or opinions expressed in this research
report. Clients are advised that brokerage, fees, or commissions accruing to
associates/relatives are incidental to normal business and are not linked to the performance
or outcome of the specific recommendation. Any such positions or brokerage income are
incidental and not intended to influence recommendations.”
Clients who choose to open a trading and demat account with our empaneled/associated
broker may be eligible for certain commercial benefits, including but not limited to
discounts of up to 20% to 30% on our service fees. Such arrangements may result in our
associates/relatives earning brokerage or other incentives. Clients are hereby informed that
availing such brokerage-linked benefits is completely voluntary, and they are under no obligation to open/maintain accounts with our empaneled broker in order to avail our
services. Clients are free to choose any SEBI-registered stock broker of their preference. Our
research services are available on a standalone basis without any brokerage linkage, and
clients are not compelled to use our empaneled broker to access research.
“In compliance with SEBI (Research Analyst) Regulations, 2014, it is hereby disclosed that
neither I, CA Rahul Chhabadia (SEBI Reg. No. INH000016047, BASL Membership No. 6149),
nor my associates/relatives have any financial interest or material conflict of interest in the
subject security/instrument at the time of publication of this report.
As per SEBI Research Analysts Regulation, the requirement to refrain from trading in the
subject security 30 days prior to and 5 days after publication of the research report
generally applies to equity research recommendations. However, considering the inherent
nature of the instruments recommended under our services (such as short term equity,
intraday options,, index/stock options, futures, and other short-term derivative strategies),
which are subject to expiry and rapid time decay, and short term timeframe the applicability
of such restriction is limited.
Accordingly, while we endeavor to maintain full transparency and avoid any front-running
or conflict of interest, trades may be executed by us or our clients in such instruments on
the same day as the recommendation, given their short lifespan and market-driven expiry-
based nature. This is being disclosed upfront as we are in compliance with SEBI’s spirit of
ensuring transparency and protection of investor interest.”
In certain services, trades executed in the personal account of the Research Analyst (SEBI Reg. No. INH000016047, BSE Enlistment No. 6149, Registered Name: CA Rahul Chhabadia)
may be simultaneously mirrored in the client’s account. This is provided at no additional
cost and is intended solely to enhance transparency and demonstrate alignment of interest
with clients.
Clients are expressly informed and acknowledge that:
This disclosure and disclaimer shall be deemed to form an integral part of any communication, image, chart, or summary (including intraday or positional trade ideas, buy/sell recommendations, entry/exit levels, targets, stop-loss, or performance summaries) where this disclosure/disclaimer link is shared or attached. Such communication shall be read together with this disclosure/disclaimer, and all terms, conditions, and limitations contained herein shall apply. For regulatory purposes under SEBI (Research Analyst) Regulations, 2014, such communication shall be treated as a research report of the undersigned research analyst to the extent it contains views, opinions, recommendations, or analysis relating to securities or derivatives. The date of such research report shall be the date on which the disclosure/disclaimer link is shared along with the respective communication, and the report shall be deemed duly signed and authenticated by the research analyst through the inclusion of this disclosure/disclaimer link.
