Disclosure & Disclaimers

Important regulatory disclosures and risk warnings for our research analyst services

SEBI Registered Research Analyst

Entity Name: Pankaj Kumar Jain Proprietor of Eye on Trade Research
Registration No.: INH000021386

Research Analyst registered under SEBI (Research Analyst) Regulations, 2014

Market Risk Warning

Important Risk Disclosure

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

Key Risk Factors:
  • Possibility of Loss: Market risks may result in partial or permanent loss of investments under certain market conditions.
  • No Performance Guarantee: Registration granted by SEBI and certification from NISM do not guarantee the performance of the intermediary nor assure returns to investors.
  • Past Performance Warning: Past performance is not indicative of future results and should not be relied upon as a basis for future investment decisions.
  • Open Positions Risk: Our recommendations may involve open positions without specifying stop-loss levels or target prices, exposing portfolios to potentially significant losses.
  • Market Risk: Market risk refers to the possibility of partial or complete loss of capital due to unfavorable market conditions, economic developments, or company-specific events.
  • Liquidity Risk: MICROCAP / NANO CAP / SME / SMALL CAP stocks are highly risky in nature. In many cases, such stocks have fallen 80–90% within a few days. They are not suitable for low-risk profile investors. You may even lose up to 100% of the capital allocated to such stocks. Hence, it is strongly advised to stay away from these investments.
  • Market Crash: In unforeseen circumstances, the market may crash, triggering lower circuit breakers on the index and consecutive lower circuits on individual stocks, which can make it extremely difficult to exit positions. At the same time, it may feel like your entire capital is lost in an instant.
  • Company-specific Risk: Earnings volatility, high debt levels, failure of new projects, or involvement in legal disputes can negatively impact the company’s outlook.
  • Valuation Risk: If a stock is trading at a significant premium compared to its fundamental value, there is a risk of price correction or prolonged underperformance.
  • Regulatory Risk: Shifts in taxation policies, environmental norms, or industry regulations may disrupt a company’s operations or profitability.
  • Management Risk: Changes in top management, inconsistent decision-making, or weak corporate governance can pose significant risks to the business.
  • Sector-specific Risk: Unfavorable policy changes, technological disruptions, declining demand, or rising competition within the sector may adversely impact the company’s performance.
  • Macroeconomic Risk: Changes in interest rates, inflation, GDP slowdown, geopolitical tensions, or a global recession may adversely impact overall business performance.
  • Derivative-driven Volatility:Heavy participation in Futures & Options (F&O) can cause abnormal price movements, resulting in artificial rallies or sharp declines.

  • Currency and Global Exposure Risk:Companies with significant export businesses or foreign operations may be adversely affected by currency fluctuations or unfavorable global developments.

  • Lower Circuit Risk:In adverse scenarios, a stock may hit the lower circuit, preventing investors from exiting and resulting in temporary or prolonged capital blockage.

  • Upper Circuit Risk:In illiquid or speculative stocks, hitting the upper circuit may lead to price distortions, making it difficult to buy during momentum phases and increasing volatility risk.

  • Market Crash Risk (External Factors):Unexpected external events such as geopolitical conflicts, pandemics, global banking crises, commodity price shocks, or natural disasters can trigger sudden and sharp corrections in the equity markets. These events are often unpredictable and may severely impact investor sentiment across all sectors, irrespective of company fundamentals.

  • Sudden Capital Erosion Risk:In highly volatile or low-liquidity stocks, sudden and steep price crashes can potentially lead to complete capital erosion within a few trading sessions. This may occur due to negative news flow, operator-driven price manipulation, or broader market panic. Investors without proper risk control mechanisms, such as stop-loss or diversification, may incur significant losses.

  • Stop-loss Slippage & Illiquidity Risk:In illiquid stocks or during highly volatile conditions, prices may jump or gap down significantly, skipping the stop-loss level without executing a trade at that price. This can result in much larger losses than intended, especially when there are no buyers or sellers at the stop level. Such situations are common in stocks with low volume, circuit filters, or sudden news events.

Illustrative Purposes Only: Securities mentioned are presented solely for illustrative purposes and do not constitute investment advice or recommendations in any form.

SEBI Regulatory Disclosures

Business Activity

Pankaj Kumar Jain is engaged in providing independent equity research services, offering Buy/Sell/Hold recommendations and investment opinions through research reports, analysis, and market commentary.

Clean Disciplinary Record

Pankaj Kumar Jain and its associates have a clear and unblemished record with no instances of disciplinary action, penalties, or sanctions from any regulatory authorities.

Conflict of Interest Disclosures

In accordance with SEBI regulations, we disclose:

  • Neither PANKAJ KUMAR JAIN nor its associates hold 1% or more in equity securities of subject companies
  • No direct or indirect financial interest in subject companies at time of publication
  • No material conflict of interest with subject companies
  • No compensation received from subject companies in the past twelve months
  • No involvement in public offerings or investment banking services for subject companies
 

Fee Payment & Investor Protection

Official Payment Channels Only

All service fees must be paid only via our official website www.eyeontrade.com or verified bank/payment gateway channels/verified UPI.

Warning: Unauthorized Payments

  • Payments to personal accounts or unauthorized third parties will NOT be acknowledged
  • No third party or employee is authorized to offer return guarantees
  • Report any unauthorized activity to our Compliance Officer and SEBI immediately
  • Company will not be liable for losses from unauthorized transactions
Important Notice for Investors

Please refrain from inquiring about specific amounts or lot sizes for investing. According to RA regulations, we cannot disclose this information. Any future liabilities from our recommendations are not our responsibility – invest according to your own risk tolerance.

General Advisory

Several other investment options are available in the market. Investing in equity markets inherently involves risk, including the possibility of capital loss. Therefore, before making any investment decision, investors are advised to carefully assess their financial position, risk tolerance, and investment objectives. It is strongly recommended to consult a certified financial advisor before acting on any information provided in this report

Options Trading Risk Warning

High Risk Alert: #HeroZero and #ZeroHero Calls

Options trading involves HIGH CAPITAL RISK with high probability of total capital loss due to leveraged and time-bound nature of derivatives.

Risk Factors:
  • Total Loss Potential: You may lose your entire investment
  • Leverage Risk: Small market movements can cause large losses
  • Time Decay: Options lose value as expiration approaches
  • Complexity: Suitable only for experienced market participants

Exercise Caution: Engage in F&O trading strictly according to your personal risk appetite and financial capacity. These calls are intended for experienced traders who understand options market volatility and complexity.

Services We Do NOT Offer

We Do NOT Provide:

  • Portfolio Management Services (PMS)
  • Personalized account handling
  • Profit-sharing arrangements
  • Investment advisory based on individual risk profiling

Investors are responsible for their own investment decisions and should seek a registered investment adviser for personalized financial planning services.

Stock Ratings Definitions

Rating Terminology:
  • ✅ Buy: Purchase within specified price range
  • 📉 Sell: Sell within specified price range
  • ✋ Hold: Retain current holdings until revised call
  • 📝 Apply: Participate in IPO/Buyback/OFS
  • 💰 Book Profit: Sell to realize existing gains
  • ❌ Exit: Close entire position
  • ➕ Add: Buy additional quantity if already holding
  • ➖ Reduce: Partially sell based on revised outlook

Important: Execute recommendations as per defined levels and time horizon. Consult a SEBI-registered Investment Adviser for personalized decisions.

AI Tools in Research Services

Our recommendations are based on technical and fundamental analysis, with some use of AI (Artificial Intelligence).

AI-Related Risks:
  • System Vulnerabilities: AI trading risks include system errors that can amplify losses
  • Data Security: Privacy and security risks including potential breaches
  • Bias & Quality: Biased outputs, data quality issues, and misleading results from poor data
  • Significant Losses: Severe data glitches may result in substantial portfolio losses

AI Disclaimer

  • No guarantee of success or return from AI-generated recommendations
  • You bear full risk of investment decisions based on AI advice
  • Provider not liable for losses from AI recommendations

Unregulated Products Warning

Crypto, Forex & Third-Party Services

Our recommendations for Crypto assets, Forex trading, and other third-party products are made OUTSIDE SEBI jurisdiction. No SEBI recourse, protection, or dispute resolution available.

High Risk Factors:
  • Significantly high potential for capital loss
  • Unregulated and highly volatile markets
  • No regulatory oversight or formal grievance mechanisms
  • Increased risk of fraud and operational failure
  • Non-recoverable losses possible

Our Position: We are not registered to provide investment advisory for unregulated products. Any views are purely research-based insights for informational purposes only.

Model Portfolio Disclaimer

Pankaj Kumar Jain may publish Model Portfolios in accordance with SEBI (Research Analyst) Regulations, 2014.

Model Portfolio Purpose

  • Created purely for illustration and educational purposes
  • NOT specific investment advice for individual clients
  • Based on research-driven methodology and market views
  • Continuously monitored and updated when necessary

Investor Responsibility

Exercise discretion and consult with investment adviser before replicating any model portfolio. Does not consider individual risk profiles, financial goals, or investment timelines.

Terms & Conditions

Research Report Issuance:
  • Purpose: Reports exclusively issued to registered clients for informational purposes
  • Information Basis: Prepared using facts deemed true, correct, and reliable at publication
  • No Solicitation: Reports do not constitute offer document or solicitation to buy/sell/hold
  • Client Responsibility: Exercise independent judgment and consult financial advisors
  • Copyright: For personal use of registered clients only – no reproduction without authorization
  • Nature of Recommendations Reports and recommendations are provided solely for informational purposes. These documents do not constitute an offer and should not be interpreted as a solicitation to Buy, Sell, Hold, or follow any other ratings or investment actions.

Limitation of Liability

Pankaj Kumar Jain do not accept responsibility for losses resulting from research reports or recommendations. No warranties on accuracy, completeness, or reliability.

Grievance Redressal

At Eye on Trade Research (SEBI Reg. No.: INH000021386), we are committed to maintaining the highest standards of transparency, service, and investor protection.

If you are dissatisfied with any aspect of our services, we encourage you to raise your complaint through the following channels:

Level 1 - Initial Complaint Contact:
Level 2 - Escalation to SEBI (If unresolved after 7 days)

If your concern remains unresolved within 7 days or you are not satisfied with our response, you may escalate the issue directly to SEBI using the platforms below:

Investor Awareness & Education Tools by SEBI:

SEBI provides free tools, resources, and mobile applications to promote investor awareness and financial literacy, empowering investors to make informed decisions.

SEBI Investor Apps:

Investor Charter & Complaint Table:

For additional information on investor rights, services, responsibilities, and complaint mechanisms, refer to the Investor Charter and Complaint Table available at:

 www.eyeontrade.com

No Warranties on Accuracy or Results

The research analyst or entity does not guarantee the accuracy, completeness, or reliability of any information or content on its platform or reports. This includes warranties related to merchantability, suitability for an investor’s purpose, or non-infringement.

No Claims for Losses from Recommendations

By the nature of investment risk, investors cannot claim compensation for any losses incurred based on the research recommendations provided. All investment decisions and their consequences remain the sole responsibility of the investor.

📢 Report Unethical Practices

We are committed to ethical research and transparent market practices. If you observe any misleading claims, unauthorized fee collection, or unethical conduct involving our services or brand:

  • No third party or employee is authorized to offer return guarantees. Report any such activity to our Compliance Officer and SEBI immediately.
  • If you engage with such unauthorized persons, including our employees or associates, or accept return guarantees without officially informing the company, the company will not be liable for any resulting losses or liabilities.
  • Reporting such incidents both internally (Compliance Officer) and to the regulatory authority (SEBI) is a critical step to help stop potentially illegal investment schemes.

 

 

Report directly to our Compliance Team: support@eyeontrade.com

🔹 Or contact SEBI Toll-Free:
📞 1800 22 7575
📞 1800 266 7575

📄 Disclosure of Material Information

All recommendations are made in good faith and based on data believed to be reliable at the time of publication. Investors are advised to exercise discretion and consult certified professionals before making any financial decisions.

🏢 Entity Name: EYE ON TRADE RESARCH (Pankaj Kumar Jain)

SEBI Research Analyst Registration No.:INH000021386

Pankaj Jain is engaged in providing independent equity research services. The firm offers Buy / Sell / Hold recommendations and other investment opinions to clients through research reports, analysis, and market commentary.

The Entity is registered with the Securities and Exchange Board of India (SEBI) as a Research Analyst under the SEBI (Research Analyst) Regulations, 2014.

📝 Disciplinary History Statement

Pankaj Jain, along with its partners and associates, has a clear and unblemished record. There have been no instances of disciplinary action, penalties, or sanctions imposed by any regulatory or administrative authorities against Pankaj Jain, its partners, or associates.

This statement is made in accordance with disclosure requirements for transparency and regulatory compliance as per SEBI (Research Analyst) Regulations, 2014. Investors and clients can be assured that Pankaj Jain operates in full compliance with all relevant regulatory and ethical standards and maintains a clean disciplinary record.

Entity: EYE ON TRADE RESEARCH (Pankaj Jain)

SEBI Registration No.: INH000021386

🔒 Conflict of Interest & Compensation Disclosures

Pankaj Jain or its associates have NOT:

Entity: EYE ON TRADE RESEARCH (Pankaj Jain)

  • Received any compensation from the subject company in the past twelve months.

  • Managed or co-managed any public offering of securities for the subject company in the past twelve months.

  • Received any compensation for investment banking, merchant banking, or brokerage services from the subject company in the past twelve months.

  • Received any compensation for products or services other than investment banking, merchant banking, or brokerage services from the subject company in the past twelve months.

  • Received any compensation or other benefits from the subject company or any third party in connection with this research report.

  • Engaged in any market-making activity for the subject company.

 

🧑‍💼 Research Analyst Disclosure

The Research Analyst has not served as an officer, director, or employee of the subject company at any point in time.

📢 Regulatory & Risk Disclosures Social Media Viewers

📢 Content published via the official social media handles of Pankaj Jain, a SEBI-registered Research Analyst having registration Number: INH000021386, and BSE Enlistment Number: 6592, is intended strictly for educational and informational purposes only.
📢 Posts, visuals, or opinions shared on social media platforms do not constitute buy/sell/hold recommendations in any securities or financial instruments.
📢 Viewers/readers are strongly advised to consult their SEBI-registered financial adviser or investment professional before acting on any opinions or information shared online.
📢 Investments in the securities market are subject to market risks. Please read all related documents carefully before investing.
📢 SEBI registration and NISM certification do not in any way assure the performance of the intermediary or guarantee returns to investors.
📢 Markets are inherently volatile. Clients may face partial or total loss of capital under adverse market conditions or company events.
📢 Any securities or companies mentioned (e.g., in model portfolios or illustrations) are for demonstration/illustration purposes only and not a recommendation.
📢 Past performance is not indicative of future results.
📢 Content published via website, social media, or other public platforms does not carry any warranty for merchantability, non-infringement, fitness for purpose, or accuracy.
📢 There is no provision to claim financial losses, if any, incurred based on research opinions, report content, or public commentary. Invest only as per your risk appetite.
📢 *Regulatory Notice: * Our recommendations and services related to crypto, Forex, and other third-party products fall outside the regulatory oversight of the Board (SEBI). Clients will not have recourse or support from the Board (SEBI) for any grievances or losses that may arise. Crypto assets are known for their highly volatile and unregulated products, which can lead to the potential loss of capital. Invest at your own risk, and there is no provision to claim financial losses.
📢 For risk disclosures, disclaimers, investor charter, MITC, financial interest statements, refund policies, terms and conditions, investor grievance redressal process, and other, please visit: www.eyeontrade.com and read everything to avoid any future conflict of interest.

📢 नियामक एवं जोखिम प्रकटीकरण

📢 सेबी-पंजीकृत अनुसंधान विश्लेषक पंकज जैन, जिनकी पंजीकरण संख्या: INH000021386 और बीएसई नामांकन संख्या: 6592 है, के आधिकारिक सोशल मीडिया हैंडल के माध्यम से प्रकाशित सामग्री केवल शैक्षिक और सूचनात्मक उद्देश्यों के लिए है।
📢 सोशल मीडिया प्लेटफ़ॉर्म पर साझा की गई पोस्ट, दृश्य या राय किसी भी प्रतिभूति या वित्तीय साधनों में खरीद/बिक्री/धारण की अनुशंसा नहीं हैं।
📢 दर्शकों/पाठकों को दृढ़ता से सलाह दी जाती है कि वे ऑनलाइन साझा की गई किसी भी राय या जानकारी पर कार्रवाई करने से पहले अपने सेबी-पंजीकृत वित्तीय सलाहकार या निवेश पेशेवर से परामर्श लें।
📢 प्रतिभूति बाजार में निवेश बाजार जोखिमों के अधीन हैं। कृपया निवेश करने से पहले सभी संबंधित दस्तावेज़ों को ध्यान से पढ़े।
📢 सेबी पंजीकरण और एनआईएसएम प्रमाणन किसी भी तरह से मध्यस्थ के प्रदर्शन को सुनिश्चित नहीं करते हैं या निवेशकों को रिटर्न की गारंटी नहीं देते हैं।
📢 बाजार स्वाभाविक रूप से अस्थिर होते हैं। प्रतिकूल बाज़ार स्थितियों या कंपनी की घटनाओं के कारण ग्राहकों को आंशिक या पूर्ण पूँजी हानि का सामना करना पड़ सकता है।
📢 उल्लिखित कोई भी प्रतिभूति या कंपनी (उदाहरण के लिए, मॉडल पोर्टफोलियो या चित्रण में) केवल प्रदर्शन/चित्रण उद्देश्यों के लिए हैं और अनुशंसा नहीं हैं।
📢 पिछला प्रदर्शन भविष्य के परिणामों का संकेत नहीं है।
📢 वेबसाइट, सोशल मीडिया या अन्य सार्वजनिक प्लेटफ़ॉर्म के माध्यम से प्रकाशित सामग्री की व्यापारिकता, गैर-उल्लंघन, उद्देश्य के लिए उपयुक्तता या सटीकता की कोई वारंटी नहीं है।
📢 शोध संबंधी राय, रिपोर्ट की सामग्री या सार्वजनिक टिप्पणी के आधार पर हुई किसी भी वित्तीय हानि का दावा करने का कोई प्रावधान नहीं है। केवल अपनी जोखिम क्षमता के अनुसार निवेश करें।
📢 *नियामक सूचना: * क्रिप्टो, फ़ॉरेक्स और अन्य तृतीय-पक्ष उत्पादों से संबंधित हमारी अनुशंसाएँ और सेवाएँ बोर्ड (सेबी) की नियामक निगरानी के दायरे से बाहर हैं। ग्राहकों को किसी भी शिकायत या हानि के लिए बोर्ड (सेबी) से कोई सहायता या सहारा नहीं मिलेगा। क्रिप्टो परिसंपत्तियाँ अपने अत्यधिक अस्थिर और अनियमित उत्पादों के लिए जानी जाती हैं, जिससे पूंजी का संभावित नुकसान हो सकता है। अपने जोखिम पर निवेश करें, और वित्तीय नुकसान का दावा करने का कोई प्रावधान नहीं है।
📢 जोखिम प्रकटीकरण, अस्वीकरण, निवेशक चार्टर, MITC, वित्तीय हित विवरण, धनवापसी नीतियाँ, नियम और शर्तें, निवेशक शिकायत निवारण प्रक्रिया, आदि के लिए, कृपया www.eyeontrade.com पर जाएँ और भविष्य में किसी भी हितों के टकराव से बचने के लिए सब कुछ पढ़े।

⚠ CAUTION TO INVESTORS ON STOCK MARKET SCAMS THROUGH SOCIAL MEDIA PLATFORMS

Protecting Yourself from Social Media Scams in the Securities Market

The emergence and widespread adoption of social media have transformed our methods of connecting and sharing information. Unfortunately, some entities exploit Social Media Platforms (SMPs) to lure and deceive unsuspecting investors in the securities market. These entities employ various strategies to gain the trust and confidence of potential investors.

Unsolicited Invitations:
They often send unsolicited links to join WhatsApp Groups (such as VIP Groups or Free Trading Courses) to entice prospective clients.

Fake Profiles:
These entities create fraudulent profiles that present them as experts in the securities market.

Impersonation:
Frequently, they impersonate SEBI-registered intermediaries, well-known public figures, celebrities, CEOs, or MDs of established organizations.

Fake Testimonials:
They mislead investors by showcasing fabricated testimonials from group members, claiming substantial profits. As a result, investors are tricked into transferring funds to these entities’ bank accounts, with false promises of similar high returns.

Given this situation, investors are urged to be cautious and not trust unsolicited messages from unverified individuals, and to avoid joining questionable WhatsApp Groups or Communities.

Guidelines for Investors:

Engage only with SEBI-registered intermediaries and utilize authentic trading apps.

Verify the registration status of entities with SEBI at: SEBI Registration Verification
before making any investments.

Conduct transactions solely through the official trading apps of SEBI-registered intermediaries found at: SEBI Investor Support
.

Investors should only communicate through the genuine social media handles of SEBI-registered entities.

SEBI is releasing this statement to alert investors about the widespread frauds and scams perpetrated by unscrupulous entities, and to provide guidance on how to protect themselves while engaging in the securities market through SEBI-registered intermediaries.

Tips from Research Analyst on Reducing Your Risk of Stock Market Scams via Social Media Platforms:

Step One: Search for the Research Analyst’s name at: SEBI’s official website
.

Step Two: Obtain the email address and phone number of that Research Analyst.

Step Three: Communicate with the Research Analyst regarding products and services exclusively through the email address provided on the SEBI portal mentioned above.

Step Four: If the Research Analyst responds from the same email address, you can be assured you are communicating with a genuine SEBI-registered professional.

Step Five: If they respond from a different email address, disregard the communication, as they may be impersonators attempting to scam you out of your hard-earned savings.