1. General Information and Regulatory Status
I, Simi Bhaumik, am registered with the Securities and Exchange Board of India (SEBI) as a Research Analyst under the SEBI (Research Analysts) Regulations, 2014, as amended from time to time. My SEBI Research Analyst Registration Number is INH300003306.
My research activity is primarily based on technical analysis, including the study of price action, charts, volume, moving averages, breakouts, patterns and other technical tools, together with publicly available market information. Research reports and recommendations may contain views regarding securities and market movements based on the methodology, information and assumptions stated or relevant at the time of preparation.
2. Nature and Scope of Research
Research reports, recommendations, market views and other research communications issued by me are intended to provide research-based information and analysis. They are not intended to guarantee any particular investment outcome or return.
A research recommendation is not a substitute for an investor's independent judgment. Investors should consider their own investment objectives, financial position, risk tolerance and, where appropriate, obtain advice from a suitably qualified professional before acting on any research view.
3. Market Risk and No Assurance of Returns
Investments in the securities market are subject to market risks. Prices and values of securities may rise or fall, and investors may lose part or all of their invested capital. Past performance is not indicative of future performance.
Registration granted by SEBI, membership/empanelment with any supervisory body, or any certification held by me does not guarantee performance or provide any assurance of returns to investors.
4. Information, Data Sources and Research Methodology
Research may be prepared using information obtained from publicly available sources, including exchange data, company disclosures, market information, charts and other sources believed to be reliable at the time of use. Reasonable care is taken in preparing research; however, information may be incomplete, delayed, revised or affected by events occurring after publication.
Price targets, where stated, are based on the methodology and assumptions relevant to the particular research report. The relevant report should be read together with the stated rationale, risk factors, stop-loss or invalidation levels, time horizon and other qualifications, where applicable.
5. Changes in Views
Research opinions and market views reflect my assessment as of the date and time of the relevant communication and may change because of subsequent market movements, new information, changes in technical structure or other developments. Any revision, update or withdrawal should be understood in the context of the later communication.
6. Regulatory Disclosures in Research Reports
This website disclaimer is a general disclosure framework. It does not replace the security-specific and report-specific disclosures required to be made in an individual research report. Each research report/recommendation should contain the disclosures applicable to that report and the relevant subject company.
Where applicable, the relevant research report will disclose material information necessary to identify actual or potential conflicts of interest, including, as required under the applicable SEBI Research Analyst framework:
# financial interest, if any, of the Research Analyst and/or persons whose interests are required to be disclosed under the applicable regulations, together with the nature of such interest;
# beneficial ownership of 1% or more in the equity securities of the subject company, where such disclosure is required and applicable;
# whether any compensation or other benefit has been received from the subject company or a third party in connection with the research report, or during the applicable preceding period, where required to be disclosed;
# whether any relevant investment-banking, merchant-banking, brokerage, public-offering or other relationship exists that is required to be disclosed;
# whether the Research Analyst has served or is serving as an officer, director or employee of the subject company, where applicable;
# whether market-making activity is carried on in the securities of the subject company, where applicable; and
# any other material conflict, relationship, disciplinary information or disclosure required by the SEBI (Research Analysts) Regulations, 2014 and applicable SEBI/RAASB directions.
Accordingly, no statement on this general website page should be read as a permanent or blanket representation about holdings, financial interests, relationships or other facts that may change over time. The disclosure contained in the relevant dated research report should be referred to for the position applicable to that report.
7. Independence and Conflict Management
I seek to maintain the independence and objectivity of my research activity and to identify, manage and disclose material conflicts of interest in accordance with applicable regulatory requirements and my internal compliance controls.
Personal or associate dealing, where applicable, is subject to the trading limitations and conflict-control requirements prescribed under the SEBI Research Analyst framework. The existence of a holding or financial interest, where permitted, will be disclosed in the relevant research report to the extent required by law.
8. Public Appearances and Public Media
Where I make a public appearance or provide a recommendation or opinion concerning securities through public media, the disclosures required under the applicable SEBI Research Analyst framework, including registration status and relevant financial interest, will be made in the manner applicable to such appearance or communication.
9. Confidentiality and Permitted Use
Research reports or communications that are expressly marked confidential or provided to identified recipients are intended for those recipients and should not be altered, reproduced, transmitted, redistributed or published without prior permission, except where disclosure is required by law or permitted under the terms governing the service.
Nothing in this clause restricts an investor from retaining a copy for personal records, communicating with SEBI/RAASB/BSE or another competent authority, or exercising any legal or regulatory right.
10. Limitation of Liability
While reasonable care is taken in preparing research, no representation is made that every item of information will remain accurate, complete or current at all times. To the extent permitted by applicable law, I shall not be liable for losses arising solely from reliance on market information, third-party data, technical interruptions or market movements beyond my control.
Nothing in this disclaimer excludes or limits any duty, responsibility or liability that cannot lawfully be excluded or limited under the SEBI Act, the SEBI (Research Analysts) Regulations, other applicable law, or directions of a competent regulatory authority.
11. Website and Third-Party Links
The website may contain links to third-party websites or services for convenience or reference. Such links do not necessarily constitute endorsement. I do not control third-party content, availability, security or privacy practices, and users should independently review the terms and policies of those third parties.
12. Electronic Communications and Technology Risk
Research and service communications may be transmitted through electronic means such as email, messaging platforms, website facilities or other permitted channels. Electronic communications may be delayed, interrupted, corrupted or unavailable because of network, device, software, platform or service-provider issues.
No communication-consent provision in this disclaimer is intended to override applicable telecommunications, privacy, data-protection or customer-preference requirements. Promotional or transactional communications will be undertaken subject to applicable law and valid consent/authorisation, where required.
13. Intellectual Property
Unless otherwise stated, research content and original material prepared by me are protected by applicable intellectual-property rights. Unauthorised commercial copying, alteration, republication or redistribution is prohibited, subject always to rights available to investors under applicable law and regulatory processes.
14. Investor Responsibility
Investors should read the complete research report, including the rationale, risk factors, disclosures and limitations, before acting. Investment and trading decisions remain the responsibility of the investor. Market conditions can change rapidly, and a research view may cease to be appropriate after publication.
15. Grievances and Regulatory Rights
Nothing in this disclaimer restricts an investor's right to raise a grievance with me or to approach the appropriate grievance-redressal mechanism, RAASB/BSE, SEBI or any other competent authority in accordance with applicable law. Investor Charter and complaint-related disclosures, where required, are made separately on the website.
16. Governing Law and Updates
This disclaimer is intended to operate subject to the laws of India and the applicable SEBI regulatory framework. Any jurisdiction clause, if applicable, shall operate subject to mandatory statutory and regulatory rights and the jurisdiction of competent courts and authorities.
This disclaimer may be revised when the regulatory framework, business practices or research processes change. The version displayed on the website should be read together with the dated disclosures contained in the relevant research report.
17. SEBI Registration
SEBI Registered Research Analyst: Simi Bhaumik
SEBI Registration Number: INH300003306
Website: www.simibhaumik.com | Email: simibhaumik@gmail.com | Contact: 9830050790 / 8482050790
