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The information contained herein under Knowledge Center has been prepared by the Research Department of IFIN and is meant for use by the recipient only as general information and not meant to be construed to be as financial education and is not for circulation. All information/opinion contained/expressed herein above by IFIN has been based upon information available to the public and the sources, we believe, to be reliable, but we do not make any representation or warranty as to its accuracy, completeness or correctness. Investors are advised to also visit www.sebi.gov.in, www.amfiindia.com, www.nseindia.com, www.bseindia.com & www.rbi.org.in to get more information on the topics mentioned in the knowledge center. Neither IFIN nor any of its employees shall be in any way responsible for the contents. This document is for general information purposes only and does not constitute an investment advice or an offer to sell or solicitation of an offer to buy / sell any security and is not intended for distribution in countries where distribution of such material is subject to any licensing, registration or other legal requirements. This document does not have regard to the specific investment objective, financial situation and the particular needs of any specific person who may receive this document. The investment may not be suited to all the categories of investors. The recipients should therefore obtain your own professional, legal, tax and financial advice and assessment of their risk profile and financial condition before considering any decision. This document is for the information of the addressees only and is not to be taken in substitution for the exercise of judgment by the addressees. All information contained herein above must be construed solely as statements of opinion of IFIN at a particular point of time based on the information as mentioned above and IFIN shall not be liable for any losses incurred by users from any use of this publication or its contents. The Disclosures of Interest Statement incorporated in this document is provided solely to enhance the transparency and should not be treated as endorsement of the views expressed in the document. The views and opinions expressed herein by the author in the document are his own and do not reflect the views of IFCI Financial Services Limited (IFIN) or any of its associate or group companies. The information set out herein may be subject to updating, completion, revision, verification and amendment and such information may change materially. Past performance is no guarantee and does not indicate or guide to future performance. IFCI Financial Services Limited (IFIN), its associate and group companies, its directors, associates, employees from time to time may have various interests/positions in any of the securities of the Company(ies) mentioned therein or be engaged in any other transactions involving such securities or otherwise in other securities of the companies / organization mentioned in the document or may have other potential conflict of interest with respect of any recommendation and / related information and opinions.