Disclosure As Per Securities And Exchange Board Of India (Research Analysts) Regulations, 2014

About Myself

I am Shubham Ganesh Shirkar, a SEBI-registered Research Analyst (Reg. No: INH000016913) with expertise in financial analysis, equity research, and investment strategies. As the founder of ShubhInvests, my mission is to provide insightful market research and empower investors with data-driven stock recommendations. I hold a Master of Management Studies (MMS) in Finance from PRUT Saket Institute of Management, Mumbai University, where I graduated with a CGPA of 9.0/10. My strong academic background is further complemented by multiple NISM certifications, covering research analysis, mutual funds, derivatives, and risk management.

Professionally, I have worked as an Equity Relationship Manager at ICICI Securities Limited, where I provided personalized investment advice, monitored client portfolios, and ensured high customer satisfaction. My experience as an Intern at India Infoline Limited (Securities Division) allowed me to gain proficiency in technical and fundamental analysis of the Indian stock market. Additionally, my role as an Accountant at RJ Associates strengthened my financial management and reporting skills. With expertise in financial modeling, stock market research, and client relationship management, I aim to simplify investing for retail investors.

About My Business Activity

At ShubhInvests, I operate as a SEBI-registered Research Analyst (RA), providing independent and research-backed stock market recommendations. My focus is on delivering data-driven insights, fundamental and technical analysis, and long-term investment strategies to help investors make informed financial decisions. I offer structured recommendation plans, ensuring that my research aligns with SEBI RA regulations and industry best practices.

Please note that I do not provide any execution or distribution services. I am not affiliated with any broker, mutual fund house, or financial intermediary to promote or endorse their products or services. Furthermore, I am not registered as an Investment Advisor and do not offer customized investment advisory services. My role as a Research Analyst is strictly limited to providing stock recommendations and research insights within the framework of SEBI RA regulations.

My goal is to empower investors with transparent, unbiased, and research-driven market insights to enhance their financial growth.

Disciplinary History

There is no disciplinary history in my name, and there are no pending orders or outstanding litigations.

Terms And Conditions For Research Report

Disclosure with regard to ownership and material conflicts of interest

1. The Research Analyst or his relatives or associates do not have financial interest in the subject Company;

2. 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;

3. 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.

Disclosure with regard to receipt of Compensation

1. The Research Analyst or his associates have not received compensation from the subject Company in the past twelve months.

2. 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.

3. 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.

4. 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.

5. 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.

General Disclosure

1. The Research Analyst has not served as an officer, director or employee of the subject Company.

2. The Research Analyst has not been engaged in market making activity for the subject Company

Use of AI Tools in Providing research services

We leverage advanced AI tools to enhance research accuracy and efficiency. These tools help in data analysis, trend identification, and predictive modeling, providing actionable insights for informed decision-making. AI-driven platforms enable us to offer personalized recommendations, streamline research processes, and deliver timely market intelligence.

Definitions of Terms Used in recommendation / Research report

Buy – Buy means that the stock 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 to their target price or trading above target price 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 if research analyst is of 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. Second scenario is mentioned given the fact that some times the stop loss price is reached due to intra day volatility of market but it recovers towards the end of session showing the strength of stock & in such case stock can be held. This mechanism helps the Investor from a wrong exit/ pre mature exit from stock. It must be noted, however, that if the stock is trading below/at stop loss near the closing trading time, then it must be exited.

Additional Disclosures

Our brand name is ShubhInvests, registered under [provide registration details]. Our complete address is [insert address], and you can contact us at [insert telephone numbers]. We are a member of SEBI recognized supervisory body, with BSE enlistment number [insert number]. For any grievances, please reach out to our Grievance Officer, [insert name], at [insert telephone number] or via email at [insert email address]. Our logo is [insert logo here].

Warning –

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

Disclaimer –

“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.”