Disclosure
A. About This Disclosure
This disclosure applies to all research, stock recommendations, reports, trade updates and other content published or distributed by Naranj Capital Solutions Private Limited (“Naranj Capital”, “we”, “us” or “our”). Our research covers stocks listed on the Saudi Exchange (Tadawul), US stock exchanges and other global stock markets, as well as commodities.
By accessing or using our research, you confirm that you have read, understood and accepted this disclosure. If you do not agree with it, please do not use our research.
B. Not Personalised Advice
Our research is general in nature. It does not take into account your financial situation, investment objectives, risk tolerance, tax position or any other personal circumstances.
Nothing we publish is an offer or solicitation to buy or sell any security, or legal, tax or accounting advice. Before acting on any recommendation, consider whether it is suitable for you and, where needed, consult a licensed financial adviser in your country.
C. Research Process and Responsibility
Our research is prepared by the Naranj Capital research team under the guidance of Arijit Banerjee, CMT, CFTe, Founder and Director of Naranj Capital. Stock selection and all trade levels, including the buy range, targets and stop-loss, are personally finalised by him.
Supporting analysis, data, charts and commentary are compiled by the research team. Recommendations are based mainly on technical, fundamental & event analysis and may change at any time without notice as market conditions change.
D. Sources and Accuracy
Our research is based on publicly available information, internal research and other sources we believe to be reliable. We do not independently verify all of this information, and we do not guarantee its accuracy, completeness or timeliness.
Our content may contain errors caused by human, technical or data-feed issues. Prices, figures and charts may be delayed or may differ from those shown by your broker or exchange.
E. Risk Disclosure
Trading and investing in stocks involve substantial risk, including the possible loss of your entire capital. No return, target or outcome is guaranteed.
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Market risk: prices can move sharply against a recommendation because of economic, political, company or global events.
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Stop-loss and gap risk: a stop-loss may not be executed at the stated level. Prices can gap past it at the open, after news or in fast markets.
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Liquidity risk: some stocks may trade in low volumes, which can make it difficult to enter or exit at the recommended price.
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Currency risk: if you invest in a market priced in a currency other than your own, changes in exchange rates can reduce your returns or increase your losses.
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Commodity risk: commodity prices can be highly volatile and are affected by supply, demand, weather, geopolitical events and currency movements. Commodity futures involve leverage, which can magnify losses beyond your initial investment.
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Targets are estimates: targets are technical projections, not forecasts or promises, and may not be reached.
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Past performance: past performance of our recommendations is not indicative of future results.
Trade only with capital you can afford to lose. Your ideal position size should be based on the downside risk of each trade, not its potential upside.
F. Holdings and Conflicts of Interest
Naranj Capital, its directors, its research team members and their relatives confirm that, with respect to the companies covered in our research (the “subject company”):
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We do not have actual or beneficial ownership of 1% or more in the securities of the subject company.
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We have no financial interest or material conflict of interest in the subject company that could affect the objectivity of our research.
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We have not received any compensation from the subject company in the past twelve months.
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We have not received any compensation for investment banking, merchant banking or brokerage services from the subject company in the past twelve months.
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We have not received any compensation or other benefits from the subject company or any third party in connection with our research.
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We have not managed or co-managed a public offering of securities for the subject company.
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No director or research team member has served as an officer, director or employee of the subject company.
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We have not engaged in market-making activity for the subject company.
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No disciplinary action has been taken against the company or its directors by any regulatory authority.
Our research is independent. We do not engage in any activity intended to influence or manipulate the price of a recommended security, and we do not use our recommendations to gain any unfair financial benefit.
G. Risk Disclosure
Trading and investing in stocks involve substantial risk, including the possible loss of your entire capital. No return, target or outcome is guaranteed.
-
Market risk: prices can move sharply against a recommendation because of economic, political, company or global events.
-
Stop-loss and gap risk: a stop-loss may not be executed at the stated level. Prices can gap past it at the open, after news or in fast markets.
-
Liquidity risk: some stocks may trade in low volumes, which can make it difficult to enter or exit at the recommended price.
-
Currency risk: if you invest in a market priced in a currency other than your own, changes in exchange rates can reduce your returns or increase your losses.
-
Commodity risk: commodity prices can be highly volatile and are affected by supply, demand, weather, geopolitical events and currency movements. Commodity futures involve leverage, which can magnify losses beyond your initial investment.
-
Targets are estimates: targets are technical projections, not forecasts or promises, and may not be reached.
-
Past performance: past performance of our recommendations is not indicative of future results.
Trade only with capital you can afford to lose. Your ideal position size should be based on the downside risk of each trade, not its potential upside.
H. Distribution
Our research may be distributed through our website, email, SMS, WhatsApp, Telegram, mobile apps and social media. It is intended only for the recipient and may not be copied, redistributed or published, in whole or in part, without our written permission.
I. Limitation of Liability
You are solely responsible for your investment and trading decisions. Naranj Capital, its directors, employees and research team members are not liable for any direct, indirect or consequential loss arising from the use of our research or from any error or omission in it.
J. Company Information
Naranj Capital Solutions Private Limited
CIN: U66190WB2026PTC286987
Registered in Kolkata, West Bengal, India
Website: www.naranjcapital.com
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General inquiries: info@naranjcapital.com
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Research team: research@naranjcapital.com
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Grievances: grievances@naranjcapital.com
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Director: arijit@naranjcapital.com