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Sunidhi Securities & Finance Ltd.

Member: National Stock Exchange (Capital, F&O & Debt Market) & The Stock Exchange, Mumbai
SEBI Registration Numbers: NSE: INB 230676436 BSE: INB 010676436, Maker Chamber IV, 14th Floor, Nariman Point, Mumbai: 400 021Tel: (+91-22) 66369669
Fax: (+91-22) 66318638
Web-site:www.sunidhi.com

Disclaimer: This report/recommendation (report) is published by Sunidhi Securities & Finance Ltd. ("Sunidhi") for private circulation only. The report is meant for informational purposes and should not be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. While utmost care has been taken in preparing the report, we claim no responsibility for its accuracy. Recipients should not regard the report as a substitute for the exercise of their own judgment. Any opinions expressed in the report are subject to change without any notice and Sunidhi is not under any obligation to update or keep current the information contained herein. Past performance is not necessarily indicative of future results. The Report accepts no liability whatsoever for any loss or damage of any kind arising out of the use of all or any part of the report. Sunidhi and its associated companies, directors, officers and employees may from time to time have a long or short position in the securities mentioned and may sell or buy such securities, or act upon information contained herein prior to the publication thereof. Sunidhi may also provide other financial services to the companies mentioned in the report."