Disclaimer

This course is educational material only.

• It is not investment advice, not a research report, and not an offer or solicitation to buy or sell any security. The authors are not acting as SEBI-registered investment advisers or research analysts in publishing it.
• Real companies are discussed as historical illustrations of analytical method. Descriptions of events, allegations and regulatory outcomes are based on the public sources cited on each page and are accurate to the best of the authors' knowledge as of the date stated; allegations are identified as allegations. Facts change — always check the latest primary sources.
• Kaveri Pumps & Motors Ltd, Nirmal Finance Ltd, and all peer companies in the running examples are fictional. Any resemblance to real companies is coincidental. Their "tickers" do not exist.
• Tax and regulatory information (Indian capital-gains tax, SEBI and RBI rules, etc.) is summarised as of the date given on each page and may since have changed. Consult the primary source or a qualified professional before acting on it.
• The Python tools are provided "as is", without warranty. Data fetched from third-party sources (e.g., Yahoo Finance via yfinance/OpenBB) may be incomplete or wrong; verify against company filings.

Investing in equities involves risk, including the loss of principal. Past performance, including the historical episodes studied here, does not predict future results.