The views expressed in this document reflect personal views of the Analyst about the subject company or companies and its or their securities and do not necessarily reflect those of SHAREKHAN. The research analyst neither has any financial interest in the subject company (ies) nor owns 1% or more of the Equity securities of the said company (ies) during twelve months preceding the date of publication of the report. Further, the analyst has not served as an officer, director or employee of the subject company nor any part of the analyst’s compensation was, is or will be, directly or indirectly related to specific recommendations or views expressed in this document. The Research analyst also does not have any other material conflict of interest at the time of publication of the report.

Sharekhan Limited (CIN: U99999MH1995PLC087498)

Regd. Office: 10th Floor, Beta Building, iThink Lodha Techno Campus, Kanjur Marg – (East), Mumbai – 400 042. Tel No. (022) – 6116 9000 Fax No. (022) - 67481899

Email : myaccount@sharekhan.com

SEBI Registration details :

BSE – INB/INF/INE011073351; NSE – INB/INF/INE231073330; MCX Stock Exchange: INB/INF-261073333, CD - INE261073330; United Stock Exchange: CD - INE271073350; DP-NSDL-IN-DP-NSDL-233-2003; CDSL-IN-DP-CDSL-271-2004; PMS-INP000000662; Mutual Fund-ARN 20669