{"id":386,"date":"2021-04-13T22:24:26","date_gmt":"2021-04-13T22:24:26","guid":{"rendered":"https:\/\/taurus-sec.com\/?page_id=386"},"modified":"2024-08-28T10:38:18","modified_gmt":"2024-08-28T05:38:18","slug":"research","status":"publish","type":"page","link":"https:\/\/taurus-sec.com\/research\/","title":{"rendered":"Research"},"content":{"rendered":"[vc_row type=”full_width_content” full_screen_row_position=”middle” column_margin=”default” equal_height=”yes” content_placement=”middle” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” top_padding=”67″ constrain_group_1=”yes” bottom_padding=”67″ text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” id=”rserrr” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none” shape_type=””][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/6″ tablet_width_inherit=”default” tablet_text_alignment=”default” phone_text_alignment=”default” column_border_width=”none” column_border_style=”solid” bg_image_animation=”none”][vc_wp_custommenu nav_menu=”14″ el_class=”resrhmnu”][\/vc_column][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”5\/6″ tablet_width_inherit=”default” tablet_text_alignment=”default” phone_text_alignment=”default” column_border_width=”none” column_border_style=”solid” bg_image_animation=”none”][vc_column_text]\n

Research<\/span><\/h4>\n

Definitions and Ratings<\/span><\/h4>\n

Our stock ratings are based on price expectations. We provide long- term ratings for an investment with specific time horizon, based on the long-term earnings outlook. We use long-term valuation methods to back-up our recommendations \u2013 discounted free cash flows, dividend discount models, price\/earnings and price\/book value multiples and Economic Value Added. Our stock recommendations are updated on a regular basis to reflect changing economic, market, sector and company conditions.<\/p>\n

Take the example of a BUY rating, which we define as a stock that is expected to offer 16% return from current prices. A SELL recommendation is attached to a stock when we expect total return could be below-5%. Note the emphasis on the use of the term expected, which is meant to convey the inherent uncertainty, and hence risk, attached to forecasts. Our forecasts and recommendations, indeed those of any broker, are based on our best judgment as to the likely future performance of the market and individual stocks. We cannot guarantee actual outcomes. The underlying risk of equity investment can be mitigated, however, through carefully researched stock selection, and portfolio diversification.<\/p>\n

Taurus Stock Rating System<\/span><\/h4>\n

Different securities firms use a variety of rating terms\/systems to describe their recommendations. TSL employs a 3-tier rating mechanism i.e Buy, Hold and Sell, which is based upon the level of expected return for a specific stock. Similar rating terms used by other securities companies may not be equivalent to TSL rating system. When total return (capital gain + dividends) exceeds 15%, a Buy rating is assigned. A Sell rating is issued whenever total return is less than -5% and for return in between the 2 ranges, Hold rating is meted out. Time horizon is usually the annual financial reporting period of the company (unless otherwise mentioned in the report). Ratings are updated daily and can therefore change daily. They can change because of a move in the stock\u2019s price, a change in the analyst\u2019s estimate of the stock\u2019s fair value, a change in the analyst\u2019s assessment of a company\u2019s business risk, or a combination of any of these factors.[\/vc_column_text][\/vc_column][\/vc_row][vc_row type=”full_width_content” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” top_padding=”67″ constrain_group_1=”yes” bottom_padding=”67″ text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” id=”rserrr” disable_element=”yes” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none” shape_type=””][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”3\/12″ tablet_width_inherit=”default” tablet_text_alignment=”default” phone_text_alignment=”default” column_border_width=”none” column_border_style=”solid” bg_image_animation=”none”][vc_wp_custommenu nav_menu=”14″][\/vc_column][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”9\/12″ tablet_width_inherit=”default” tablet_text_alignment=”default” phone_text_alignment=”default” column_border_width=”none” column_border_style=”solid” bg_image_animation=”none”][vc_column_text]\n

Research<\/span><\/h4>\n

For informed investment choices<\/span>
\nMarket Timing<\/span><\/p>\n

Stock markets are often driven by a herd instinct, with investors stampeding in or out at the same time. We use macro-economic forecasting, technical analysis and early market intelligence to forecast market trends. Taurus’ research products provide you with the tools to anticipate market trends well in advance, so you can stay ahead of the herd.<\/span><\/p>\n

Stock Selection<\/span><\/p>\n

Along with market timing, stock selection is a key part of the investment process. Taurus’ proprietary research helps you locate hidden stock values that the rest of the market has overlooked. This is achieved through incisive and original fundamental analysis of individual sectors and companies. Our highly rated research team provides you with in-depth coverage of all the major sectors and stocks, enabling you to make informed investment choices.<\/span><\/p>\n

Timely Research Publications<\/span><\/p>\n

We regularly update our clients on macroeconomic, stock market and sector trends through our daily briefings and other periodical research publications. Clients are also provided with timely recommendations on individual stock prospects. Our research advice is based on a continuous and detailed evaluation of economic indicators, industry and company specific information.<\/span><\/p>\n

Quality research underpins all of Taurus’ principal activities. Our research advice is available to all our clients at no extra cost.<\/span><\/p>\n

For an interactive guide to our reports “what the terms mean and how to use them”, click on the links to the left and simply navigate the cursor over the terms used in the report for a pop up definition.<\/span>
\nREMUNERATION OF RESEARCH EMPLOYEES<\/span><\/p>\n

As required under section 5(4) of research and analyst regulations 2015 the salary and reporting structure of research department employees is disclosed as follows.<\/span><\/p>\n

At present, Company employs seven members in its research department (including head of research and senior manager). All members report to head of research who in turns report to CEO.<\/span><\/p>\n

Compensation structure of research analysts is flat and is subject to qualification, experience and skill set of the person. However, the compensation of anyone employed in the research department doesnot in any way depend on the contents\/outcome of research report.<\/span><\/p>\n

During the year ended December 31, 2017, the personnel employed in the Research Department have drawn an aggregate salary and benefits amounting to Rs. 9,330,000, which comprises basic salary, medical allowance, utilities, house rent and other facilities as per Company policy<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none”][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/1″ tablet_width_inherit=”default” tablet_text_alignment=”default” phone_text_alignment=”default” column_border_width=”none” column_border_style=”solid” bg_image_animation=”none”][vc_column_text]\n