Research Analyst Disclosure Document

The particulars given in this Disclosure Document have been prepared in accordance with SEBI (Research Analyst) Regulations, 2014. The purpose of this Document is to provide essential information about the research and recommendation services in a manner to assist and enable the prospective client / client in making an informed decision for engaging in research and recommendation services before investing.

For the purpose of this Disclosure Document, Research Analyst is Ms. Apeksha Bansal of Pride Trading Consultancy Private Limited (hereinafter referred to as the “Research Analyst”).

Research Analyst is registered with SEBI as Research Analyst with Registration No. INH000010362. The firm got its registration on Oct 21th, 2022 and is engaged in research and recommendation services. The focus of the Research Analyst is to provide research and recommendations services to the clients. Analyst aligns its interests with those of the client and seeks to provide the possible suited services.

Terms and conditions of Research and Recommendation services are detailed in the terms and condition document. Please refer to the same for details.

No penalties / directions have been issued by SEBI under the SEBI Act or Regulations made thereunder against the Research Analyst relating to Research Analyst services. There are no pending material litigations or legal proceedings, findings of inspections or investigations for which action has been taken or initiated by any regulatory authority against the Research Analyst or its employees.

No associates.

Research Analyst may have financial interest or actual / beneficial ownership in the securities recommended in its personal portfolio. Details of the same may be referred through the disclosures made at the time of advice.

There are no actual or potential conflicts of interest arising from any connection to or association with any issuer of products / securities, including any material information or facts that might compromise its objectivity or independence in the carrying on of Research Analyst services. Such conflict of interest shall be disclosed to the client as and when they arise.

• Research Analyst or its employee or its associates have not received any compensation from the subject company in past 12 months.
• Research Analyst or its employee or its associates have not managed or co-managed the public offering of the subject company in past 12 months.
• Research Analyst or its employee or its associates have received any compensation for investment banking or merchant banking or brokerage services from the subject company in past 12 months.
• Research Analyst or its employee or its associates have not received any compensation for products or services other than above from the subject company in past 12 months.
• Research Analyst or its employee or its associates have not received any compensation or other benefits from the subject company or third party in connection with the research report / recommendation.
• The subject company was not a client of Research Analyst or its employee or its associates during twelve months preceding the date of distribution of the research report and recommendation services provided.
• Research Analyst or its employee or its associates has not served as an officer, director or employee of the subject company.
• Research Analyst has not been engaged in market making activity of the subject company.
• The analyst may have holding or position in the securities recommended herein.
• The analyst has no connection or association of any sort with any issuer of products / securities recommended herein.
• The analyst has no actual or potential conflicts of interest arising from any connection to or association with any issuer of products / securities, including any material information or facts that might compromise its objectivity or independence in the carrying on of recommendation services.
• The analyst has not received any kind of remuneration or consideration from the products / securities recommended herein.

To access key features of the securities, particularly performance track record please go to:

• BSE India official website
• NSE India official website

• The Research Analyst or his relatives or associates do not have financial interest in the subject company.
• The Research Analyst or his relatives or associates do not have actual / beneficial ownership of one per cent or more securities of the subject company, at the end of the month immediately preceding the date of publication of the research report.
• The Research Analyst or his relatives or associates do not have any other material conflict of interest at the time of publication of the research report.

• The Research Analyst or his associates have not received compensation from the subject company in the past twelve months.
• The Research Analyst or his associates have not managed or co-managed public offering of securities for the subject company in the past twelve months.
• The Research Analyst or his associates have not received any compensation for investment banking or merchant banking or brokerage services from the subject company in the past twelve months.
• The Research Analyst or his associates have not received any compensation for products or services other than investment banking or merchant banking or brokerage services from the subject company in the past twelve months.
• The Research Analyst or his associates have not received any compensation or other benefits from the subject company or third party in connection with the research report.

• Whether it or its associates have received any compensation from the subject company in the past twelve months – No.
• Whether the subject company is or was a client during twelve months preceding the date of distribution of the research report and the types of services provided – No.

• The Research Analyst has not served as an officer, director or employee of the subject company.
• The Research Analyst has not been engaged in market making activity for the subject company.

Buy – Buy means that the stock is recommended to be bought either at market or at price or within price band mentioned in the recommendation. Stock to be bought at market or current market price (CMP) must be bought immediately or near the closing time of market at closing price. Stock with limit price order or where buying price or price band is mentioned, such stock can be bought at the price or within the price band mentioned.

Sell / Target – Sell or target price is the price at which stock must be sold. For stocks which have reached their target price or are trading above target price, they must be sold upon reaching the target price or price band mentioned.

Hold – Hold means that a stock may be held and no exit is required. Hold recommendation is given if stock has not achieved its mentioned target or hit the mentioned stop loss price. Hold recommendation can also be given in case the Research Analyst is of the opinion that even after reaching the target price, the stock may go beyond target price due to change in circumstances.

Stop loss price – Stop loss is a price at which the stock must be exited or sold due to adverse situation or market move contrary to recommendation. When the stop loss price is reached, stock can be exited immediately or near the close of trading session at price which is near the closing price. However, if the stock is trading below / at stop loss near the closing trading time, then it must be exited.

PRIDE TRADING CONSULTANCY PRIVATE LIMITED
410-411 Serene Centrum, Gotri Road, Vadodara, Gujarat 390021
Mr. Ajay Aarya, +91-9023825708, [email protected]

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

“Registration granted by SEBI, membership of a SEBI recognized supervisory body (if any) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.”