Sunday, February 12, 2017

Renaissance Jewellery Ltd @140.15

1. Renaissance Jewellery Ltd is a 10 rupee face value Diamond Cutting & Jewellery & Precious Metals company.
BSE Code: 532923 | NSE Code: RJL | ISIN: INE722H01016 | SECTOR: -Diamond Cutting & Jewellery & Precious Metals. 
Short Brief of Company Business: - Renaissance Jewellery Ltd. conducts this business along with its subsidiaries Renaissance Jewelry NY Inc. and Verigold Jewellery UK Ltd. It is also involved in furniture retailing through its step down subsidiary - Housefull International Ltd. (www.housefull.co.in). 
The manufacturing is spread over six state-of-the-art manufacturing sites – five in Mumbai and one in Bhavnagar, totally covering an area of over 160,000 sq. ft. that comply with international quality standards. 
The fully integrated operations continue to be technology friendly, assisting in consistent product quality. Best-in-class design and development coupled with the unprecedented scale of business allow the company to swiftly adapt to changing requirements and remain competitive business.
It includes design, manufacturing, and sales of jewelry in gold, silver, platinum, studded with polished diamonds, semi-precious and precious stones over a myriad product portfolio as rings, earrings, pendants, bracelets, necklaces, bangles, money clips, tie pins, cuff links, etc. The company's expertise straddles across all categories of studded jewellery namely Diamond Fashion, Diamond Bridal as well as Gemstone Jewellery. 
Broadly, operations encompass product development and manufacturing (in the required quality, karatage, and packing) based on orders received from customers (retailers and wholesalers). The Strong market acumen of the overseas market (especially USA) with a definite pulse on the changing demands and aesthetics make the company one of the top 3 jewellery exporters from India. 
Source:-http://www.renjewellery.com/main/renaissance.asp (Company Website)
2. Year high of Renaissance Jewellery Ltd is 164 and year low is 109 currently stock traded at 140.15, Year high/ low ratio 164/109 is below 2 ,If you read my research terms or read my book "The Winning Theory In Stock Market" then you may know that generally, I like a stock which year high/low ratio is below 2 but if stock recently give a positive result then this ratio is acceptable till 2.5 .
Renaissance Jewellery provides excellent results in Dec 16 quarter where net profit increase near 90% , You may see Dec 16 results here; - Click Here To Download Result.
If you are a new reader of my blog and not familiar with my research terms, then please read my research terms at this link:-
Research Terms of Mahesh Kaushik 
3. Promoters of Renaissance Jewellery Ltd hold 75 %stocks So good promoters holding with nil pledged stocks. 
See the full list of public shareholding including FII and DII here:-
DII & FII Holding
4.Renaissance Jewellery Ltd is a dividend paying company, All of my fundamentals recommendations are dividend paying, so you get dividends in your holding time, past dividends history of Renaissance Jewellery Ltd:- 
Dividend Declared (  )
EX DateAmount ()
22 Mar 20162.0000
14 Sep 20151.0000
02 Sep 20141.0000
20 Aug 20131.0000
28 Aug 20121.5000
26 Aug 20112.0000
13 Aug 20102.0000
17 Aug 20091.5000
26 Aug 20081.5000
5. The base price of Renaissance Jewellery Ltd is 95.66 So Stock is traded almost 46% above from base price.
I remember that In my first book where on page 26 I told you that "If a stock has just crossed its base price in upside and traded 10-20 % higher from the base price, then I think the buying price is a value buy," 
So I knew in this case Price of 120 is a best buying price for Renaissance Jewellery but As per my 2nd book How Chandu Earned And Chinki Lost In The Stock Market this stock recently crossed his 200 DMA and closing price is exactly  5 %+ above from 200 DMA, 
This is the reason that I select this stock for my fundamental call and ignore base price rule because fundamental target price 280+ is still very higher then CMP. ( Read  the last point  of this report to learn about fundamental target price) 
6. No any bonus issue right issue and bulk deals are recorded in last 2 years.
7. Renaissance Jewellery Ltd net sale per share of FY 15-16 is 599.03. 
8. Net sale per share 599.03 is higher from CMP. This higher net sale per share increase fundamental target price of the company, so we easily ignore base price point. 
9. The book value of Renaissance Jewellery Ltd is 241.82 Book value is higher then CMP, So Renaissance Jewellery Ltd is a value buy at CMP. 
8. Finally, We can buy Renaissance Jewellery Ltd for a target of 280+, So do not worry if on Monday this stock open at a higher price due to double price target we may buy it till  200 level. 
9. 200 DMA of Renaissance Jewellery Ltd is 133.07 So at CMP 140.15 this stock recently crossed his 200 DMA and closed above 5% from 200 DMA.
 As per my 2nd book ( How Chandu Earned And Chinki Lost In The Stock Market), this price is the best price for investment and trading purpose, 
I knew some of my followers still not buy and read my 2nd book but If you read my both book then you no need to wait for my free advice you can able to select these type of stocks by your own knowledge, which is my main motto.
Links For More Details:-

1-http://amzn.to/2l3CaWS

2-http://amzn.to/2kgG5Qe

10. Fundamental target price of Renaissance Jewellery Ltd is 280.95( Read above book to learn how to calculate the fundamental target price of any stock.) So this high target 280+ is the reason why I ignore base price point in this research report but if any market fall stock available in the range of 100-120 then this price is the best price for maximum gain.
Click Here To Download Last 3 Year Closing Price With Graph
11. My recent updates: - Data Bank of 3700+ Companies 
12. Disclaimer: - This is not an advisory service to buy or sell. The contents of “this research report” are only for educational purposes. No liability is accepted for any content in “this research report”. The author is neither a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time.The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions. Please read the full disclaimer at the bottom of my blog. 
13.Discloser: - I Mahesh Chander Kaushik author of this research report is an existing research analyst and passed NISM certification for research analysts. I am also registered with SEBI(RESEARCH ANALYSTS) REGULATIONS, 2014 ( SEBI Registration Number INH 100000908 ) hereby disclose about my financial interest in the subject company and the nature of such financial interest:- 1 Me and my associates or relatives have not held any share of Renaissance Jewellery Ltd so my personal interest is not included in this stock. 2. Me and my associates or relatives have not any actual/beneficial ownership of one percent or more securities of the subject company ( Renaissance Jewellery Ltd). 3. Me and my associates or relatives have not any other material conflict of interest at the time of publication of the research report. 4. Me and my associates or relatives have not received any type of compensation from the subject company(Renaissance Jewellery Ltd) in the past twelve months. 5. I am not served as an officer, director or employee of the subject company ( Renaissance Jewellery Ltd). 6. I have been not engaged in market making activity for the subject company (Renaissance Jewellery Ltd).

Thursday, December 1, 2016

Superhouse Ltd @ 135.60

1. Superhouse Ltd is a 10 rupee face value footwear company stock.

Security ID: SUPERHOUSE  Group / Index: B / S&P BSE SmallCap  Face value: 10.00  Security Code: 523283  ISIN: INE712B01010  Industry: Footwear company.
Short Brief of Company Business: - Superhouse Group is a conglomeration of several companies engaged in manufacturing and export of finished leather, leather products, and textile garments. The parent company, Aminsons Leather Finishers Pvt., was incorporated as a private limited company on January 14, 1980. It was converted into a public limited company on December 22, 1984, and its name changed to Aminsons Limited on February 21, 1989. 
Five group companies - Super House Limited, Super Garments Limited, Sharp Leathers Limited, Super Footwear Limited and Allen Shoes Limited - were merged with Aminsons Limited in 1994, 1995 and 1996 as per the orders of the Hon’ble High Court of Judicature, Allahabad. The name of the company was changed to Superhouse Leathers Limited on March 4, 1996, and finally Superhouse Limited on November 10, 2006, with the approval of the Registrar of Companies, Kanpur (U.P.).
From a single tannery in the 1980’s producing finished leather, Superhouse Group has emerged as one of the largest players in the industry. We started with a commitment to excel, achieve and deliver the very best. Towards this end, we engineer, optimize and control every phase of the manufacturing process from raw material to finished products to ensure that final products are of the highest quality and also the best value for money for our clients.
The Group has four overseas companies in the UK, the U.S.A., the U.A.E., and Romania, primarily engaged in marketing and distribution of leather, leather products, and textile garments.
The group has crossed an annual turnover of Rs. 4,000 million.
The Group has 15 manufacturing units located in Kanpur, Unnao, Agra and Noida, Source:-http://www.superhouse.in/index.asp (Company Website)
2. Year high of Superhouse Ltd is 239 year low was 125 and the stock traded at 135.60, Year high/ low ratio is below 2, So the stock is stable for fresh buy.
If you are new reader of my blog and not familiar with my research terms, then please see my research terms at this link
3. Promoters of Superhouse Ltd hold 54.88 % shares and Promoters are not pledged any stock. So this is a good sign as per my rules.  
See the full list of public shareholding including FII and DII here:-
4.Superhouse Ltd is a dividend paying company as you knew that most of my recommendations are dividend paying because  I do not use stop loss so if I hold any stock for a long time then I get dividends, see past Dividend history here:-
Dividend Declared (  )
EX DateAmount ()
14 Sep 20161.5000
08 Sep 20151.5000
08 Sep 20141.5000
13 Sep 20131.5000
13 Sep 20121.5000
14 Sep 20111.5000
14 Sep 20101.2000
14 Sep 20091.2000
11 Sep 20081.0000
13 Sep 20070.5000

5. The base price of Superhouse Ltd is 169.41, So Superhouse traded near 20% below from base price. Many of my followers suggest me this stock since last 6 months. They email me that "Superhouse Ltd fulfill all of my criteria but that time stock traded 1 to 5% below base price, and I wait when it stable more than 15% below from base price." 
Now that price comes.
It is possible that after my recommendation stock price may rise sharply because I have 12,000+ followers when they rush to buy at once, then the price may rise sharply. 
So I suggest that please do not hurry -up to buy just watch this stock and buy in a range of 130-160 whenever it stable. As per SEBI guidelines, I am (plus my family) also not buy my own recommendation 30 days before or 5 days after my recommnedation. 
So If price cross over 170 then do not buy and wait to stable near 150 to169
6. No any bonus issue right issue and bulk deals are recorded in last 2 years.(Source: -BSE site)
7. Superhouse Ltd net sale per share of FY 15-16 is 566.34.
8. Net sale per share 566.34 is  near 4 times high from CMP, so stock have a good chance to become multi-bagger
9. Book value of Superhouse Ltd is 236.14, So at CMP the stock is 40% below from book value, so Superhouse is a value buy.
8. Finally, I select Superhouse Ltd after a watch of 6 months. I think when peer footwear company Bata sales and profits down in Sept 2016 this company able to maintain his sales and profits and will be a multi bagger in next 1-2 years.
9. 200 DMA of Superhouse Ltd is 154.24 So at CMP 135.60 Superhouse Ltd traded below his 200 DMA and stock not technically sound for trading purpose and short term buy. 
If you check your stock price regularly and feel anxiety if your stock fall 10-20% from your buying price then do not buy this stock at CMP and wait whenever it close above his 200 DMA and if stock close above 154.24 (Remember DMA will change day by day) then buy it. This is the reason why I define a buying range 140 to 169 where 140 to 155 is for long term investors who invest only a small amount in chandu style( Read Chandu story here: -Chandu Story)
10. Fundamental target price of Superhouse Ltd is 291.56 ( Read my book to learn how to calculate the fundamental target price of any stock.)
11. My recent updates: - 
One more important point that my earlier recommendation Indraprastha Medical also full-fill all of my stock choosing criteria and available near 52.45 so if you do not buy yet or book profit from your earlier buy then this is time to buy it again,( Discloser:- My wife hold Indraprastha Medical Corp Ltd.) read earlier research report about Indraprastha Medical here:-

11. Disclaimer: - This is not an advisory service to buy or sell. The contents of “this research report” are only for educational purposes. No liability is accepted for any content in “this research report.” The author is neither a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time.The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions. Please read full disclaimer at the bottom of my blog.
12.Discloser: - I Mahesh Chander Kaushik author of this research report is an existing research analyst and passed NISM certification for research analysts. I am also registered under SEBI(RESEARCH ANALYSTS) REGULATIONS, 2014 ( SEBI Registration Number INH 100000908 ) hereby disclose about my financial interest in the subject company and the nature of such financial interest:- 1 Me and my associates or relatives have not hold any share of Superhouse Ltd, so my personal interest is not included in this stock. 2. Me and my associates or relatives have not any actual/beneficial ownership of one percent or more securities of the subject company ( Superhouse Ltd). 3. Me and my associates or relatives have not any other material conflict of interest at the time of publication of the research report. 4. Me and my associates or relatives have not received any type of compensation from the subject company(Superhouse Ltd) in the past twelve months. 5. I am not served as an officer, director or employee of the subject company ( Superhouse Ltd). 6. I have been not engaged in market making activity for the subject company (Superhouse Ltd).



Tuesday, October 18, 2016

Fedders Lloyed Corporation Ltd @ 78.10

1. Fedders Lloyd Corporation Ltd is a 10 rupee face value electric equipment company.

Security ID: FEDDERLOYD  Group / Index: B / S&P BSE SmallCap  Face value: 10.00  Security Code: 500139  ISIN: INE249C01011  Industry: Other Elect.Equip./ Prod. company.
Short Brief of Company Business:-
Fedders Lloyd was incorporated in 1957, in a strategic alliance with Fedders USA for pioneering residential Air Conditioning business in India. Since then, the company has transformed into an established player in Defence Air Conditioning and Equipment, Steel Structural Fabrication, Heavy Machining, Power Transmission and Distribution and Overhead Electrification. The Company's footprint stretches from India to the Middle East and Africa. 
2. Year high of Fedders Lloyd Corporation Ltd is 109.25 year low was 58.10 and the stock traded at 78.10.
Year high/ low ratio is  below 2, So stock is stable for fresh buy.,  If you are new reader of my blog and not familiar with my research terms, then please see my research terms at this link
3. Promoters of Fedders Lloyd Corporation Ltd hold 47 % stocks and  Promoters not pledged any stock plus promoters hold 50 lakh convertible warrants when these 50 Lakh warrants fully convert in securities then promoters holding will be 54.41 %. I like increasing promoter holding, so I choose this stock for my home page recommendation.  
See full list of public shareholding including FII and DII here:-
4.Fedders Lloyd Corporation Ltd Fedders Lloyd Corporation Ltd  is a dividend paying stock, So if we hold it for long term then we get dividends in out holding time, See past dividend history of  Fedders Lloyd Corporation Ltd:-
EX DatePurpose
18/08/2016Dividend 0.75
16/09/2015Dividend 1.00
21/10/2014Dividend 1.00
04/12/2013Dividend 1.00
20/12/2012Dividend 1.00
5. The Base price of Fedders Lloyd Corporation Ltd is 68.73, So Fedders Lloyd Corporation Ltd crossed his base price and traded 13.70% above from his base price due to higher net sale per share and high book value I think the valuation of Fedders Lloyd Corporation Ltd is still cheap at this level.
6. No any bonus issue right issue and bulk deals are recorded in last two years.(at BSE)
7. Fedders Lloyd Corporation Ltd net sale per share of FY 15-16 is 336.37.
8. The total number of shares in FDCL is 30769700, and when we use this figure then net sale per share is 336.37, but if we add 50,00,000 convertible warrant in these total number of share then total share 35769700 in this situation diluted net sale per share 289.35 which is still very very high from CMP.
9. Book value of Fedders Lloyd Corporation Ltd is 133.46 Book value is also higher than CMP, So in book value term  Fedders Lloyd Corporation Ltd is a value buy at CMP.
8. Finally, I think Fedders Lloyd is best fundamental sound stock for one year or more holding view due to high net sale per share and book value stock may chance to give near about double return from here
9. 200 DMA of Fedders Lloyd Corporation Ltd is 75.56 So at CMP 78.10 So Fedders Lloyd Corporation Ltd recently cross his 200 DMA and If we see June 2016 Result, then we find that company net profit increased from 3.53cr. to 6.16 cr .which is a good sign for upward movement.
10. Fundamental target price of Fedders Lloyd Corporation Ltd is 147.46 ( When Calculated this FTP I use diluted net sale per share 289.35 instead of present net sale per share 336.37 Read my book to learn how to calculate the fundamental target price of any stock.).
So due to higher fundamental target 147.46 we can buy it till 80 to 85 
11. My recent updates: - Book 63.27%Profit in CPIL.
Some of my followers ask my mobile number and ask about my personal training program, my paid service, etc .
So I want to clear that I have no any, paid service, no any personal training program and due to lots of followers (9000+ app installs) I am unable to talk on mobile. So if you want to communicate with me, then please use blog comments only I try my best to reply most of the comments but unable to reply all so if you are lucky, then you got the reply from me.
If you still want training from me then please read these three books you automatically get required training, these three books are as a course material for my personal training program:-
(Visit link for direct buy from Amazon)
12. Disclaimer: - This is not an advisory service to buy or sell. The contents of “this research report” are only for educational purposes. No liability is accepted for any content in “this research report.” The author is neither a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time.The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions. Please read full disclaimer at the bottom of my blog.
12.Discloser: - I Mahesh Chander Kaushik author of this research report is an existing research analyst and passed NISM certification for research analysts. I am also registered under SEBI(RESEARCH ANALYSTS) REGULATIONS, 2014 ( SEBI Registration Number INH 100000908 ) hereby disclose about my financial interest in the subject company and the nature of such financial interest:- 1 Me and my associates or relatives have not hold any share of Fedders Lloyd Corporation Ltd so my personal interest is not included in this stock. 2. Me and my associates or relatives have not any actual/beneficial ownership of one percent or more securities of the subject company ( Fedders Lloyd Corporation Ltd). 3. Me and my associates or relatives have not any other material conflict of interest at the time of publication of the research report. 4. Me and my associates or relatives have not  received any type of compensation from the subject company(Fedders Lloyd Corporation Ltd) in the past twelve months. 5. I am not served as an officer, director or employee of the subject company ( Fedders Lloyd Corporation Ltd). 6. I have been not engaged in market making activity for the subject company (Fedders Lloyd Corporation Ltd).

Monday, August 29, 2016

IDBI Bank Ltd @70.55

1. IDBI Bank Ltd is a 10 rupee face value Public Sector Bank Company. 

BSE ID : IDBI  
Group / Index: A / S&P BSE 100  
Face value: 10.00  
Security Code: 500116  
ISIN : INE008A01015  
Industry : Banks company.
Short Brief of Company Business: - IDBI Bank Ltd. is today one of India's largest commercial Banks. 
For over 40 years, IDBI Bank has essayed a key nation-building role, first as the apex Development Financial Institution (DFI) (July 1, 1964, to September 30, 2004) in the realm of industry and after that as a full-service commercial Bank (October 1, 2004, onwards). 
As a DFI, the erstwhile IDBI stretched its canvas beyond small project financing to cover an array of services that contributed towards the balanced geographical spread of industries, development of identified backward areas, the emergence of a new spirit of enterprise and evolution of a broad and vibrant capital market. 
On October 1, 2004, the erstwhile IDBI Bank converted into a Banking company (as Industrial Development Bank of India Limited) to undertake the entire gamut of Banking activities while continuing to play its secular DFI role. 
Post the mergers of the erstwhile IDBI Bank with its parent company (IDBI Ltd.) on April 2, 2005 (appointed date: October 1, 2004) and the subsequent merger of the former United Western Bank Ltd. with IDBI Bank on October 3, 2006.
IDBI Bank is the tech-savvy, new generation Bank with majority Government shareholding today touches the lives of millions of Indians through an array of corporate, retail, SME and Agri-products and services.
2. Year high of IDBI Bank Ltd is 95.70 year low was 47.40 and the stock traded at 70.55, Year high/ low ratio is 2.01and when you read my research terms then you may find that generally, I recommended a stock which year high/low ratio is below 2 but this ratio is accepted till 2.5 when company posts good results after year low.
Compare IDBI June2016 and March 2016 Resuletes:-
(in Cr.)Jun-16Mar-16FY15-16
Revenue7,303.216,928.3928,043.10
Net Profit241.10-1,735.81-3,664.80
EPS1.17-9.06-21.77
CAR %------
NPM %3.30-25.05-13.07
So this is the reason that I put this recommendation when year high low ratio is above 2 ( 2.01) 
If you are new reader of my blog and not familiar with my research terms, then please see my research terms at this link
3. Promoters of IDBI Bank Ltd hold 73.98 % stake and No any pledged stocks from promoters ( Govt of India is the promoter of PSU banks like IDBI).
See full list of public shareholding including FII and DII here:-
4.As you already knew that I publish the only dividend paying fundamentally sound stocks on this blog.
IDBI Bank Ltd  is a dividend paying stock, See this past dividend history of IDBI:-
EX DateAmount ()
04 Aug 20150.7500
26 Jun 20140.2800
23 Jan 20140.7300
29 Aug 20133.5000
31 Aug 20121.5000
09 Feb 20122.0000
02 Sep 20113.5000
16 Jul 20103.0000
09 Jul 20092.5000
16 Jul 20082.0000
21 May 20014.5000

5. The base price of IDBI Bank Ltd is 71.13. So at CMP  70.55 IDBI Bank traded 01% below from base price. Download last 3-year price data and graph from this link:-
6. No any bonus issue right issue and bulk deals are recorded in last two years.
7. IDBI Bank Ltd net sale per share of FY 15-16 is 136.20.
8. Net sale per share 136.20  is near two times higher than CMP, so this stock has the chance to become a multi-bagger stock.
9. Book value of IDBI Bank Ltd is 109.05 Book value is also higher than CMP, So in book value term IDBI is a value buy at CMP.
8. Finally, I think IDBI bank is best blue chip stock ( BSE Group A or BSE100 index stock) for the one-year holding horizon.
One Interesting Fact:-
When I publish my 2nd-time recommendation about Hindalco @101.75  on 8 July 2015, then some of my new followers worried when Hindalco touch  58.85 on 12 Feb 2016. 
( However, I already mention in Hindalco research report that when a stock year high/low ratio cross below two then we think more downside will remain.If Hindalco making a fresh year low on 9 July 2015 or 10 July 2015 trading session, then this is a sign of new weakness and in this situation, this is wise to buy Hindalco below 90, and I also buy it below 90) 
Now When 1 year of my recommendation is complete Hindalco traded near 160. 
So  If you buy a stock from my multi-baggers stocks recommendation then do not worried to see temporary falls like Hindalco and Pratibha Industries.
9. 200 DMA of IDBI Bank Ltd is 71.02 So at CMP 70.55 IDBI traded below his 200 DMA but recently this stock give a positive breakout over this 200 DMA.
All DMA's of IDBI:-
Simple Moving Averages
DAYSBSENSE
3070.4270.47
5071.1371.16
15066.6866.68
20070.9570.95

( I notified this breakout through my multibaggers stocks sharegenius app) So I think 71.02 to 70.55 is a slight gap and stock may cross his 200 DMA on Tuesday's trading).
10. Fundamental target price of IDBI Bank Ltd is 94.914 ( Read my book to learn how to calculate fundamental target price of any stock.)IDBI Bank is a high beta stock If you see las15 year price data of IDBI bank then you find that since 2004 every year this stock cross price of INR 91.
11. My recent updates: -  Panama Petro Ltd.
12. Disclaimer: - This is not an advisory service to buy or sell. The contents of “this research report” are only for educational purposes. No liability is accepted for any content in “this research report”. The author is neither a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time.The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions. Please read full disclaimer at the bottom of my blog.
13.Discloser: - I Mahesh Chander Kaushik author of this research report is an existing research analyst and passed NISM certification for research analysts. I am also registered under SEBI(RESEARCH ANALYSTS) REGULATIONS, 2014 ( SEBI Registration Number INH 100000908 ) hereby disclose about my financial interest in the subject company and the nature of such financial interest:- 1 Me and my associates or relatives have not hold any share of IDBI Bank Ltd, so my personal interest is not included in this stock. 2. Me and my associates or relatives have not any actual/beneficial ownership of one percent or more securities of the subject company ( IDBI Bank Ltd). 3. Me and my associates or relatives have not any other material conflict of interest at the time of publication of the research report. 4. Me and my associates or relatives have not received any type of compensation from the subject company(IDBI Bank Ltd) in the past twelve months. 5. I am not served as an officer, director or employee of the subject company ( IDBI Bank Ltd). 6. I have been not engaged in market making activity for the subject company (IDBI Bank Ltd).



Matched Content

My YouTube Channel

Google+ Followers

disclaimer:-Trading in stock market is very risky. This website is not perfect. This is not an advisory service to buy or sell. The contents of “maheshkaushik.com” are only for educational purposes. No liability is accepted for any content in “www.maheshkaushik.com”. Subject to pindwara(india) jurisdiction only. The author is neither a registered stockbroker nor a registered advisor and does not give investment advice.. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, author of this website is not a trend technical analyst.