Research Report means any written or electronic communication that includes research analysis or research recommendation or an opinion concerning securities or public offer, providing a basis for investment decision.

Our research report offers only opinion / information / views / price target / buy, sell, hold calls / recommendations which is specific to the securities / industry / sector of the subject company mentioned in the report.

The research report is based on our analysis and assessment from the facts, figures and information available in public domain & other sources that are considered true, correct, reliable, and accurate. Such information has not been independently verified or audited by us and no guaranty, representation of warranty, express or implied, is made as to its accuracy, completeness or correctness. All such information and opinions are subject to change without notice.

All relevant data as on the date of issuance of the report are considered. The value of securities referred to herein may be adversely affected by the performance or otherwise of the respective subject companies, changes in the market conditions, micro and macro factors, geo – political events and forces affecting capital markets like interest rate risk, credit risk, liquidity risk and reinvestment risk, etc. Any event, news, etc. pertaining to the subject company or sector or industry that arises after the report date cannot be taken into account. However, they may have a material impact on the recommendations made in the report.

Research report may differ between Rabbit RA and other research analysts on account of differences in personal judgement and time horizon based on which report is prepared. Our report is without prejudice on the views made in the research reports prepared / issued by other than Rabbit RA.

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 Rabbit RA 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.

This report has been prepared and meant for sole use by the recipient client of Rabbit RA and not for circulation. The report and information contained herein is strictly confidential and may not be altered in any way, transmitted to, copied, reprinted or distributed, in part or in whole, to any other person or reproduced in any form, without prior written consent of Rabbit RA. Hence, clients must maintain confidentiality and not circulate the report as it is not for public use.

If this report is inadvertently sent or has reached to any person, same may be ignored and brought to the attention of the sender. Any loss is incurred by the person on basis of Research Report will not be indemnified by Rabbit RA.

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.

Past performance is not necessarily a guide to future performance. Actual results may differ materially from those set forth in projections. Forward-looking statements made by companies and our research reports are not predictions and may be subject to change without notice.

Being registered with SEBI as Research Analyst does not promise or guarantee any assured returns or risk-free return to the investors.

Investments in securities market are subject to market risks. Read all the documents carefully before investing.