I, Alok Daiya, SEBI Registered Research Analyst (INH000011468) comply with the qualification and certification requirements under SEBI (Research Analyst) Regulations, 2014. I have been working in the Financial Markets for over 22 years. The views expressed are my own and I do not receive any compensation related to them. The content published herein are for informational purposes only. Prospective investors should rely on their own investigations and consult their financial advisors to determine the merit and risks of such investments based on their own risk appetite.

I/my relatives do not at any point of time of issuing the reports have any material conflict of interest in the subject company neither I was/am/will be engaged in market making activity for the subject company. The investments discussed or views expressed in reports and recommendations issued by me may not be suitable for all investors. The user assumes the entire risk of any use made of this information. I nor any person connected with my report, accepts any liability arising from the use of research document. The recipients of research document should rely on their own investigations and should consult their own financial advisors to determine merit and risks of such investments based on their own risk appetite. Price and value of the investments referred to in this material may go up or down. Reports and recommendations based on technical analysis centers on studying charts of a stock's price movement and trading volume, as opposed to focusing on a company's fundamentals and as such, may not match with a report on a company's fundamentals. Opinions expressed in research reports & recommendations will be based on the current opinions as of the date appearing in research report & recommendations.

While I endeavor to update on a reasonable basis the information discussed in research reports, there may be regulatory, compliance, or other reasons that prevent me from doing so. Prospective investors and others are cautioned that any forward-looking statements are not predictions and may be subject to change without notice. So far as reports include current or historic information, it is believed to be reliable, although its accuracy and completeness cannot be guaranteed. Investment in securities market are subject to market risks.

Past performance is not a guide for future performance. Certain transactions including those involving futures, options and other derivatives as well as non-investment grade securities involve substantial risk and are not suitable for all investors.

As a seasoned research analyst, I have dedicated my career to providing insightful and objective analysis to help investors make informed decisions. My expertise spans a wide range of financial instruments and market conditions, allowing me to offer a unique perspective on the current investment landscape.

It is crucial for prospective investors to conduct thorough research and seek the guidance of qualified financial advisors before making any investment decisions. The financial markets can be complex and volatile, and it's essential to understand the potential risks and rewards associated with any investment strategy.

My role is to provide informational content that can serve as a starting point for further investigation, but the ultimate responsibility lies with the individual investor. I encourage all readers to approach this information with a critical eye and to use it as a complement to their own due diligence and risk assessment processes.

Read all the related documents carefully before investing. Registration granted by SEBI, and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.