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All rights reserved. Any act of copying, reproducing or distributing the research reports & Alerts published by NiftyGrow on its website/mobile app or any such platforms whether wholly or in part, for any purpose without the permission of NiftyGrow is strictly prohibited and shall be deemed to be copyright infringement. NiftyGrow is not an Investment Advisor. Information herein should be regarded as a resource only and should be used at one’s own risk. This is not an offer to sell or solicitation to buy any securities and NiftyGrow or any of its promoters/employees/associates will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek independent professional advice from a licensed Investment Adviser. This is not directed for access of use by anyone in any other country than India, especially, the USA, Canada, or the European Union countries, where such use or access is unlawful or which may subject NiftyGrow or its promoters/employees/affiliates to any registration or licensing requirement. All content and information are provided on an ‘As Is’ basis by NiftyGrow. Information herein is believed to be reliable but NiftyGrow does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. NiftyGrow or its promoters/employees/affiliates may hold shares in the companies discussed herein. As a condition to accessing NiftyGrow content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results. The user further agrees to completely indemnify NiftyGrow or its promoters, employees, directors & stakeholders from any lawsuit or legal proceedings. STANDARD DISCLOSURE/DISCLAIMER NiftyGrow does not receive any consideration by way of remuneration or compensation or in any other form whatsoever, by us or any of our associates or subsidiaries for any distribution or execution services in respect of the products or securities for which the research service is provided to the client. NiftyGrow does not provide any order execution services to any user/subscriber. If any person offers an order execution service in the name of NiftyGrow, the user should immediately deny such services and report to us about the same. If the user/subscriber accepts such services, then NiftyGrow or its promoter/s, employees, representatives, and/or stakeholders are not responsible for any losses/gains or any outcome that may arise due to any such activities. The user/subscriber agrees to indemnify NiftyGrow or its promoter/s, employees, representatives, and/or stakeholders from any losses or damages that the user may incur from any such execution services activities agreed upon by the user on his/her/their own accord. The user agrees that he/she/they have taken services offered by NiftyGrowor any of its subsidiaries only after having read and accepted the term and conditions of services provided by us. NiftyGrow does not recommend a stock/commodity broker. If any stock/commodity broker is recommended by any of our representatives, we do not receive any consideration by way of remuneration or compensation or in any other form whatsoever from the stock/commodity broker or any other intermediary so recommended to the client. SEBI Number is (INH000008190) of 2023,To ensure compliance with the  we have resolved that the research analyst and all its representatives will not make any trades in the market in the securities/instruments covered in our research services. We are not associated in any manner with any issuer of products/ securities, this ensures that there are no actual or potential conflicts of interest. This also ensures that objectivity or independence in the carrying on of our research providing services is not compromised. Investment in stock/commodity markets is subject to market risk, though best attempts are made for predicting markets, no surety of return or accuracy of any kind is guaranteed, while the performance sheet of various products is available but should not be considered as a guarantee for future performance of the products/services. Clients are suggested to consider all the research reports as just an opinion and make investment decisions of their own accord. In case of clients seeking research on any specific positions already made by the client, we will be able to suggest the best possible action considering our view on the security or product. Such a suggestion under any circumstances shall be considered as an opinion (not advice) from our organization and we suggest the client consider our opinion and not consultancy to make his/her final decision. We are not liable for any losses whatsoever the client may incur in accepting this opinion. It is also suggested that the Client should only trade if our research calls suit his/her/their current risk profile and risk-bearing capacity, all such research calls shall be considered as a view or opinion and the client shall on his/her/their discretion decide actual trades. We are not associated with any intermediaries and do not recommend the services of any specific intermediaries. No litigations have been filed against us since the incorporation. All the research services which are suggested by us are communicated in written, nonverbal communication by any of our executives or otherwise under any circumstances shall be considered as research services by our organization. Standard Disclaimer: NiftyGrow or its promoter, employees, directors & stakeholders may have had or may have in future positions in the stocks/instruments covered by us in our research reports/communications.

STANDARD DISCLOSURE/DISCLAIMER:- NiftyGrow does not receive any consideration by way of remuneration or compensation or in any other form whatsoever, by us or any of our associates or subsidiaries for any distribution or execution services in respect of the products or securities for which the research service is provided to the client. NiftyGrow does not provide any order execution services to any user/subscriber. If any person offers an order execution service in the name of NiftyGrow, the user should immediately deny such services and report to us about the same. If the user/subscriber accepts such services, then NiftyGrow or its promoter/s, employees, representatives, and/or stakeholders are not responsible for any losses/gains or any outcome that may arise due to any such activities. The user/subscriber agrees to indemnify NiftyGrow or its promoter/s, employees, representatives, and/or stakeholders from any losses or damages that the user may incur from any such execution services activities agreed upon by the user on his/her/their own accord. The user agrees that he/she/they have taken services offered by NiftyGrowor any of its subsidiaries only after having read and accepted the term and conditions of services provided by us. NiftyGrow does not recommend a stock/commodity broker. If any stock/commodity broker is recommended by any of our representatives, we do not receive any consideration by way of remuneration or compensation or in any other form whatsoever from the stock/commodity broker or any other intermediary so recommended to the client. SEBI Number is (INH000008190) of 2023,To ensure compliance with the  we have resolved that the research analyst and all its representatives will not make any trades in the market in the securities/instruments covered in our research services. We are not associated in any manner with any issuer of products/ securities, this ensures that there are no actual or potential conflicts of interest. This also ensures that objectivity or independence in the carrying on of our research providing services is not compromised. Investment in stock/commodity markets is subject to market risk, though best attempts are made for predicting markets, no surety of return or accuracy of any kind is guaranteed, while the performance sheet of various products is available but should not be considered as a guarantee for future performance of the products/services. Clients are suggested to consider all the research reports as just an opinion and make investment decisions of their own accord. In case of clients seeking research on any specific positions already made by the client, we will be able to suggest the best possible action considering our view on the security or product. Such a suggestion under any circumstances shall be considered as an opinion (not advice) from our organization and we suggest the client consider our opinion and not consultancy to make his/her final decision. We are not liable for any losses whatsoever the client may incur in accepting this opinion. It is also suggested that the Client should only trade if our research calls suit his/her/their current risk profile and risk-bearing capacity, all such research calls shall be considered as a view or opinion and the client shall on his/her/their discretion decide actual trades. We are not associated with any intermediaries and do not recommend the services of any specific intermediaries. No litigations have been filed against us since the incorporation. All the research services which are suggested by us are communicated in written, nonverbal communication by any of our executives or otherwise under any circumstances shall be considered as research services by our organization. Standard Disclaimer: NiftyGrow or its promoter, employees, directors & stakeholders may have had or may have in future positions in the stocks/instruments covered by us in our research reports/communications.

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