ICICIdirect Money Manager – July 2019

(Grace) #1
ICICIdirect Money Manager June 2019

STOCK IDEAS

13

November

changes to the weather pattern
are being witnessed globally.
This may make it difficult for
the company to rely on
weather forecasts and growth
opportunities. The weather
can affect the presence of
diseases and pest infestations


in the short-term on a regional
basis. Accordingly, it may
negatively affect the demand.
Further, on account of
seasonality of the agricultural
industry, the company's
operating results may fluctuate
from quarter to quarter.

ANALYST CERTIFICATION
Wof e /I, Siddhant the views expressed Khandekar in this research CA-INTER, Mitesh Shah MS (Finance) report accurately reflect our views about the subject Research Analysts, authors and the names subscribed issuer(s) or securities. We also certify that no part of our to this report, hereby certify that all
compensation was, is, or will be directly or indirectly related to the specific recommendation(s) or view(s) in this report. It is also confirmed that above mentioned Analysts of this report have not received any compensation from the companies mentioned in the report in the preceding twelve months and do
not serve as an officer, director or employee of the companies mentioned in the report.
Terms & conditions and other disclosures:
distribution ICICI Securities of financial Limited products. (ICICI Securities) ICICI Securities is a full-service, Limited integrated is a SEBI registered investment banking Research and is, inter alia, engaged Analyst with SEBI Registration in the business Number - INH000000990. of stock brokering ICICI and
Securities Limited SEBI Registration is INZ000183631 for stock brokerbank and has its various subsidiaries engaged in businesses of housing. ICICI Securities is a subsidiary of ICICI Bank which is India's largest private sector finance, asset management, life insurance, general insurance, venture capital fund
management, etc. ("associates"), the details in respect of which are available on http://www.icicibank.com
ICICI our associates Securities might have investment is one of the leading merchant banking bankers/ and other business underwriters relationship of securities with a significant and participate in virtually percentage all securities of companies trading covered markets by our Investment in India. We and
Research in the securities Department. or derivatives ICICI Securities of any companies generally that the analysts prohibits its analysts, cover. persons reporting to analysts and their relatives from maintaining a financial interest
Recommendation trading volume etc as opposed in reports based on technical to focusing on a company's and derivative fundamentals analysis centre on studying and, as such, may not match with the recommendation charts of a stock's price movement, in fundamental outstanding positions, reports.
Investors may visit icicidirect.com to view the Fundamental and Technical Research Reports.
Our proprietary trading and investment businesses may make investment decisions that are inconsistent with the recommendations expressed herein.
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price of the Institutional Research.
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ICICI the subject Securities company or its associates for any other assignment might have managed in the past twelve months. or co-managed public offering of securities for the subject company or might have been mandated by
ICICI months Securities from the date of this report for services or its associates might have received in respect any compensation of managing from the companies or co-managing public offerings, mentioned in the report during the period preceding corporate finance, investment banking twelve or
merchant banking, brokerage services or other advisory service in a merger or specific transaction.
ICICI or its associates Securities encourages or its analysts independence did not receive in research any compensation report preparation or other benefits and strives to minimize from the companies conflict mentioned in preparation in the report or third party in connection of research report. ICICI Securities
with at the time of publication preparation of the research of this report. report. Accordingly, neither ICICI Securities nor Research Analysts and their relatives have any material conflict of interest
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