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NISM Certifications · NISM-Series-XV: Research Analyst · Fundamentals of Research

Which of the following best describes a primary source of information for a research analyst covering an Indian listed company?

The company's annual report and exchange filings are primary sources because they come directly from the company. Broker reports, news articles and sector newsletters are secondary sources, since they reinterpret or compile information originally produced elsewhere.

  1. AA brokerage report on the company written by another analyst
  2. BA news article summarising the company's quarterly results
  3. CThe company's annual report and exchange filings made by the company itselfCorrect
  4. DA sector newsletter compiled from several published reports

Explanation

Primary sources originate directly from the entity or event, such as annual reports and exchange filings. Broker reports, news articles and newsletters are secondary sources that interpret or repackage the information.

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