Decoding Markets
Through
Research
Delivering institutional-quality research with clarity for retail investors.
NIFTY 50 Performance
+18.2% ↑
Risk Audit
Passed
Signal
Strong Buy
Why choose Stoxplex?
Ethical Research
Conflict-free research. We do not engage in proprietary trading against our clients.
Data Transparency
Full disclosure of methodology and data sources for every research report.
Investor First
Strict adherence to the Investor Charter and SEBI regulatory frameworks.
About Me
Empowering the Retail Investor.
StoxPlex Research is an independent equity research platform founded by Shubham, built with a clear objective: bringing institutional-quality market research to retail investors in a clear, structured, and disciplined manner.
About StoxPlex
With over 9 years of experience in Indian equity markets, the research approach has been shaped across multiple market environments — from strong bull phases to sharp corrections and periods of heightened volatility. These market cycles have reinforced a research-first philosophy, where understanding risk, preserving capital, and maintaining patience are prioritised over short-term speculation.
At StoxPlex Research, markets are studied the way institutions approach them — through context, structure, and discipline — and then translated into clear, easy-to-understand research reports designed for informed retail decision-making. The aim is not to predict markets, but to help investors think clearly, assess risk properly, and avoid emotionally driven mistakes.
Our Vision
To become a trusted research platform that raises the standard of decision-making for retail investors, bridging the gap between institutional research depth and practical understanding, while promoting discipline, patience, and integrity in equity markets.
Registration Details
Core Values
The principles that guide every recommendation I make.
Transparency
No hidden agendas. I disclose my methodology and risks upfront.
Integrity
I adhere strictly to SEBI regulations and ethical standards.
Excellence
Continuous research and improvement to beat the market.
The Founder
Shubham Shitole
"Stoxplex was born from my single conviction: Precision beats prediction. I don't just analyze markets; I engineer strategies that withstand them."
A Multi-Dimensional
Research
Ecosystem
Markets are complex, but understanding them shouldn't be. We decode market noise using a 4-pillar framework that combines deep fundamental data with technical precision.
How We Analyse Markets
Our proprietary quad-core analysis engine ensures no stone is left unturned.
Fundamental Analysis
Earnings, balance-sheet strength, cash flows, management commentary, business sustainability, and valuation context to assess long-term quality.
Technical Charts
Price structure, trends, support-resistance, volume behaviour, volatility, and risk levels to understand market behaviour and timing.
Macro Economics
Economic cycles, sector demand, interest rates, inflation, policy decisions, and regulatory changes affecting markets.
Geopolitics
Global events, trade policies, commodity supply chains, currencies, and cross-border developments influencing capital flows.
SEBI Registered Research Analyst: INH000024921
Master the
Art of
Investing
Comprehensive courses designed to take you from a beginner to a confident market practitioner. Learn the frameworks used by professionals.
Technical Analysis
Master price action and market timing.
- Price action, trends, and market structure
- Chart patterns, support–resistance, and indicators
- Volume, momentum, and volatility analysis
- Risk management, stop-loss, and position sizing
- Practical chart reading across market conditions
Fundamental Analysis
Decode the true value of businesses.
- Business models and industry understanding
- Financial statements and key ratios
- Valuation methods and growth assessment
- Sector analysis and economic context
- End-to-end framework used by professional analysts
Mutual Fund Analysis
Build a robust long-term portfolio.
- Mutual fund categories and risk profiling
- Portfolio construction and asset allocation
- Performance evaluation and consistency checks
- Expense ratios, taxation, and fund selection
- Complete approach to informed mutual fund investing
SEBI Registered Research Analyst: INH000024921
Institutional Research
Retail Accessibility.
Comprehensive research services designed to give you an edge in Equity, Derivatives, and Fixed Income.
Swing Trading Research
Segment: Equity cash
Holding period: 5-40 days
Focus: Mid-cap & Small-cap
Analysis Basis
Technical charts, market structure & risk levels.
*Includes IPO, Gold/Silver, ETFs
Capture Short-Term Momentum
Our Swing Trading Research is designed for active traders looking to capitalize on price swings over a few days to weeks. We rigorously analyze technical setups to identify high-probability entries with defined risk-reward ratios.
Join Swing Trading ResearchLong-Term Investment
Segment: Equity investing
Holding period: 1-3+ years
Focus: Quality mid & large-cap companies
Analysis Basis
Fundamentals, valuation, sector & macro trends.
Build Sustainable Wealth
For patient investors seeking wealth compounding. We identify high-quality businesses with strong moats and growth runways, allowing you to ride the long-term structural stories of the economy.
Start InvestingDerivatives Research
Instruments: Index, Stock, Gold & Silver Futures
Holding period: Few days to few weeks
Options not covered
Analysis Basis
Trend, structure & risk management.
Disciplined Futures Trading
Structured research for futures traders. We focus on directional trends and strict risk management to navigate leverage responsibly.
Explore DerivativesReady to upgrade your portfolio?
Join the exclusive group of investors who trust Stoxplex for unbiased, data-backed research.
Regulatory Framework
RA Compliances
Transparent access to all regulatory disclosures, charters, and grievance redressal mechanisms as per SEBI regulations.
INVESTOR CHARTER IN RESPECT OF RESEARCH ANALYSTS (RAs)
Vision and Mission Statements
Vision
Invest with knowledge & safety.
Mission
Every investor should be able to invest in right investment products based on their needs, manage and monitor them to meet their goals, access reports and enjoy financial wellness.
Details of business transacted by the RA
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To publish research report based on the research activities of the RA.
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To provide an independent unbiased view on securities.
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To offer unbiased recommendation, disclosing the financial interests in recommended securities.
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To provide research recommendation, based on analysis of publicly available information and known observations.
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To conduct audit annually.
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To ensure that all advertisements are in adherence to the provisions of the Advertisement Code for Research Analysts.
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To maintain records of interactions, with all clients including prospective clients (prior to onboarding), where any conversation related to the research services has taken place.
Details of services provided to investors
1. Onboarding of Clients
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i
Sharing of Terms and Conditions of research services
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ii
Completing KYC of fee paying clients
2. Disclosure to Clients:
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To disclose information material for the client to make an informed decision, including business activity, disciplinary history, terms of research services, details of associates, risks and conflicts of interest.
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To disclose the extent of use of Artificial Intelligence tools in providing research services.
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To disclose any conflict of interest of the activities of providing research services with other activities of the research analyst.
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To distribute research reports and recommendations to the clients without discrimination.
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To respect data privacy rights of clients and protect unauthorized use of their confidential information.
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To treat all clients with honesty and integrity.
Grievance Redressal Mechanism
1. How to lodge a complaint:
Investors can approach the Research Analyst directly. We shall strive to redress the grievance immediately, but not later than 21 days of receipt.
Physical Complaints:
Office of Investor Assistance and Education,
Securities and Exchange Board of India,
SEBI Bhavan, Plot No. C4-A, ‘G’ Block,
Bandra-Kurla Complex, Bandra (E), Mumbai - 400 051
Rights of Investors
Right to Privacy and Confidentiality
Right to Transparent Practices
Right to Initial and Continuing Disclosure
Right to receive statutory disclosures
Right to Fair & True Advertisement
Right to timely grievance redressal
Right to Exit from service as per T&C
Responsibilities of Investors
Dos for Investors:
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1. Always deal with SEBI registered Research Analyst.
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2. Check for SEBI registration number.
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3. Pay fees only through banking channels.
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4. Ask relevant questions before acting on recommendations.
Don'ts for Investors:
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1. Do not provide funds for investment to the Research Analyst.
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2. Don't fall prey to luring advertisements or market rumors.
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3. Do not share login credentials or passwords.
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4. Do not get attracted to limited period discounts or incentives.
Last updated: May 2026 | SEBI Registration: INH000024921 | Stoxplex Research
Annexure- B
Complaint Data to be displayed by Research Analyst
As per Circular No SEBI/HO/IMD/IMD-II CIS/P/CIR/2021/0685 dated December 13, 2021
Name of Organisation
SHUBHAM MOHAN SHITOLE PROPRIETOR
STOXPLEX RESEARCH
Status
SEBI registered Research Analyst
SEBI Registration Number
INH000024921
Data for the month ending
February 2026
Current Month Data (Table 1)
Scroll →| Sr. No. | Received from | Pending at end of prev month | Received | Resolved* | Total Pending# | Pending > 3 months | Avg Resolution Time^ |
|---|---|---|---|---|---|---|---|
| 1 | Directly from Investors | NIL | NIL | NIL | NIL | NIL | Note ^ |
| 2 | SEBI (SCORES) | NIL | NIL | NIL | NIL | NIL | Note ^ |
| 3 | Other Sources (if any) | NIL | NIL | NIL | NIL | NIL | Note ^ |
| Grand Total | NIL | NIL | NIL | NIL | NIL | - | |
Trend of monthly disposal of complaints
| Sr. No. | Month | Carried forward from prev month | Received | Resolved* | Pending# |
|---|---|---|---|---|---|
| 1 | NIL | NIL | NIL | NIL | NIL |
| Grand Total | - | - | - | - | |
Trend of annual disposal of complaints
| Sr. No. | Year | Carried forward from prev Year | Received | Resolved* | Pending# |
|---|---|---|---|---|---|
| 1 | 2025-26 | NIL | NIL | NIL | NIL |
| Grand Total | - | - | - | - | |
Regulatory Notes & Disclosures:
* Inclusive of complaints of previous months/years resolved in the current month/year.
# Inclusive of complaints pending as on the last day of the month/year.
^ Average Resolution time is the sum total of time taken to resolve each complaint in days, in the current month divided by total number of complaints resolved in the current month.
Last updated: May 2026 | SEBI Registration: INH000024921 | Stoxplex Research
Disclaimers
At Stoxplex Research, we believe that transparency is the bedrock of a successful relationship between a research firm and its investors. This Disclaimers document outlines our commitment to ethical standards and regulatory compliance as mandated by financial authorities.
Shubham Mohan Shitole Proprietor Stoxplex Research is registered with SEBI as Individual Research Analyst vide Registration number INH000024921 on February 10, 2026 pursuant to which it provides Research Analyst services to its clients.
Investment in securities market is subject to market risks. Read all the related documents carefully before investing.
Registration granted by SEBI and certification from NISM is no way guarantee performance of the intermediary or provide any assurance of returns to investors.
I am not affiliated with any other intermediaries or receive any brokerage or commission from any third party.
The SEBI has issued no penalties/directions under the SEBI Act or any other regulatory body.
I do not recommend any stock broker or other intermediary to a client, nor do I receive any consideration by way of remuneration or compensation or in any other form whatsoever from the stock broker or another intermediary.
Investment in equity shares has its own risks. Sincere efforts have been made to present the right investment perspective. The information contained herein is based on analysis and on sources that I consider reliable. I, however does not vouch for the consistency or the completeness thereof. This material is for personal information and I am not responsible for any loss incurred due to it & take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above.
I do not provide any promise or assurance of favourable view for a particular industry or sector or business group in any manner. The investor is requested to take into consideration all the risk factors including their financial condition and suitability to risk return profile before investing.
I or any other person related to me might be holding positions in the stocks recommended.
The research recommendations are provided to all my clients who are entitled to receive the research reports. Any Client (Paid or Unpaid), any third party or anyone else has no rights to forward or share my calls or SMS or Reports or Any Information Provided by me to/with anyone (through any medium) which is received directly or indirectly by them. If found so, then serious legal actions can be taken.
I ensure that the individuals employed as research analyst are separate from other employees who are performing sales trading, dealing, corporate finance advisory or any other activity that may affect the independence of my research report/recommendations. However, these individuals may receive feedback from sales or trading personnel of brokerage division to ascertain the impact of research report/recommendations.
I also ensure that if a client wants an opinion on a specific position, such suggestion/view under any circumstances shall be considered as an opinion (not advice). I am not liable for any losses whatsoever the client may incur in accepting this opinion.
I do not have any association in any manner with any issuer of products/securities; this ensures that there are no actual or potential conflicts of interest. This also ensures that objectivity or independence in the carrying on research services is not compromised.
Stock trading is inherently risky, and you agree to assume complete and full responsibility for the outcomes of all trading decisions that you make.
Unlike an actual performance record, simulated results do not represent actual trading. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.
You, and not me, assume the entire cost and risk of any trading you choose to undertake. You are solely responsible for making your own investment decisions. If you choose to engage in transactions with or without seeking advice from a licensed and qualified financial advisor or entity, then such decision and any consequences flowing there from are your sole responsibility. I or any employees are in no way liable for the use of the information by others in investing or trading in investment vehicles.
I also encourage all investors to use the services as a resource to further their own research on all featured companies, stocks, sectors, markets and information presented on the site.
Everything posted on social media (Twitter/Facebook/Telegram/YouTube channel) is for education / illustration purposes and should not be counted as recommendations or investment advice.
Last updated: February 2026. For further clarifications, please contact our Compliance Officer at stoxplexresearch@gmail.com.
Grievance Redressal / Escalation Matrix
If you have a grievance, you can reach out to our Support Team for assistance. The details provided below facilitate complainants in approaching the concerned Research Analyst before filing a complaint with SEBI.
For more details, please refer to the official circular: BSE Circular - Market Info
| Details of Designation | Contact Person Name | Physical Address | Contact No. | Email-ID | Working Hours |
|---|---|---|---|---|---|
| Customer Care | Shubham Mohan Shitole | Pitru Chhaya Nivas, Shitole Vasti, Deulgaon Gada, Daund, PUNE, Maharashtra, 412203 | 918208331248 | stoxplexresearch@gmail.com | Mon-Fri 09AM – 04 PM |
| Head of Customer Care | -- | -- | -- | -- | -- |
| Compliance Officer | Shubham Mohan Shitole | Pitru Chhaya Nivas, Shitole Vasti, Deulgaon Gada, Daund, PUNE, Maharashtra, 412203 | 918208331248 | stoxplexresearch@gmail.com | Mon-Fri 09AM – 04 PM |
| CEO | -- | -- | -- | -- | -- |
| Principal Officer | Shubham Mohan Shitole | Pitru Chhaya Nivas, Shitole Vasti, Deulgaon Gada, Daund, PUNE, Maharashtra, 412203 | 918208331248 | stoxplexresearch@gmail.com | Mon-Fri 09AM – 04 PM |
01 Timelines & Next Steps
We aim to resolve all grievances within 21 working days from the date of receipt.
If your grievance is not resolved within this timeframe, you can escalate it to SEBI’s SCORES Platform.
SCORES Portal (scores.sebi.gov.in)02 Online Dispute Resolution
In case you are unsatisfied with the resolution provided through our support or the SCORES platform, you can access the ODR Portal.
SMART ODR Portal (smartodr.in)Last updated: May 2026 | SEBI Registration: INH000024921 | Stoxplex Research
At Stoxplex Research, we believe that transparency is the bedrock of a successful relationship between a research firm and its investors. This document outlines all mandatory matters to be disclosed on our website as per SEBI regulations.
01 Entity Registration & Branding
- Proprietor: Shubham Mohan Shitole (Stoxplex Research)
- SEBI Reg No: INH000024921
- BSE No: 6957
- Address: Pitru Chhaya Nivas, Shitole Vasti, Deulgaon Gada, Daund, PUNE, Maharashtra, 412203
- Contact: +91 82083 31248
02 Compliance & Grievance Officers
Compliance Officer
Shubham Mohan Shitole
+91 82083 31248
stoxplexresearch@gmail.com
Grievance Officer
Shubham Mohan Shitole
+91 82083 31248
stoxplexresearch@gmail.com
03 Regulatory Links
Complaints data is updated by the 7th of every succeeding month.
Mandatory Risk Warning
“Investment in securities market are subject to market risks. Read all the related documents carefully before investing.”
Standard SEBI Disclaimer
“Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.”
SEBI Office Details
Head Office
SEBI Bhavan BKC,
Plot No.C4-A, 'G' Block,
Bandra-Kurla Complex, Bandra (East),
Mumbai - 400051,
Maharashtra
Local/Western Regional Office
SEBI- Western Regional Office (WRO),
Unit No: 002, Ground Floor,
Sakar I, Near Gandhigram Railway Station,
Opp. Nehru Bridge, Ashram Road,
Ahmedabad - 380009
Last updated: February 2026. For further clarifications, please contact our Compliance Officer at stoxplexresearch@gmail.com.
REDRESSAL OF GRIEVANCE
At Stoxplex Research, we are committed to providing fair and transparent services. If you have a grievance or feedback, please follow the steps outlined below:
Initial Contact
If you are not satisfied with our services, please first talk to our representative/consultant from the Research Analyst Department. Most issues can be resolved quickly at this stage.
Timeline: Resolution within 7 business working days.
Contact: +91 82083 31248
Email: stoxplexresearch@gmail.com
Compliance Officer Escalation
If Step 1 does not resolve your issue, please send a complaint in writing or via email to our Compliance Officer:
Shubham Mohan Shitole
Pitru Chhaya Nivas, Shitole Vasti, Deulgaon Gada, Daund, Pune, 412203.
stoxplexresearch@gmail.com | +91 82083 31248
Investigation & Response
We identify the nature of your grievance and conduct a full investigation. We will provide a comprehensive response once completed.
Timeline: Resolution within 21 days of receipt.
Principal Officer Review
If still unsatisfied, approach our Principal Officer with complete details of the case.
Shubham Mohan Shitole (Principal Officer)
stoxplexresearch@gmail.com
SEBI SCORES Escalation
If not resolved within one month, refer your complaint to SEBI via SCORES 2.0.
SEBI Helpline
1800 22 7575 / 1800 266 7575
SMART ODR
If unsatisfied with the resolution, file a grievance on the SMART ODR platform for online conciliation or arbitration.
SMART ODR LinkPhysical Complaints Address
Investors may also send their complaints in physical mode to SEBI Bhavan:
Securities and Exchange Board of India,
SEBI Bhavan, Plot No. C4-A, ‘G’ Block,
Bandra-Kurla Complex, Bandra (E),
Mumbai - 400 051.
Last updated: February 2026. For further clarifications, please contact our Compliance Officer at stoxplexresearch@gmail.com.
Standard Disclosures
Official disclosures and regulatory information as per SEBI (Research Analyst) Regulations, 2014.
About the Research Analyst
Shubham Mohan Shitole (Proprietor, Stoxplex Research) is a registered Research Analyst. Registered office: Pitru Chhaya Nivas, Shitole Vasti, Deulgaon Gada, Daund, Pune, Maharashtra, 412203.
SEBI Registration: INH000024921 | BSE Enlightenment No: 6957 (Feb 10, 2026)
Professional Background
Shubham Mohan Shitole holds a Post Graduate Program in Securities Market (Specialisation in Research Analyst). He excels in identifying investment ideas and implementing effective analytical strategies.
Details of Business Activities
Shubham Mohan Shitole provides recommendations based on both fundamental and technical analysis. He offers specialized "Buy, Sell, and Hold" recommendations across:
Disciplinary History
There are no outstanding litigations or disciplinary history against Shubham Mohan Shitole.
Terms and Conditions
Opinions expressed are based on research at the time of publication and are subject to change without notice. No liability is accepted for use of this document.
Financial Interest & Affiliations
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Shubham Mohan Shitole and associates do not hold any financial interest or >1% beneficial ownership in the reported companies.
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No affiliations with other intermediaries or receipt of brokerage/commission from third parties.
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No compensation received from covered companies in the past twelve months.
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Has not served as an officer, director, or employee of the covered company, nor engaged in market making.
Research Integrity
Facts are taken from reliable sources, however, investors are advised to independently evaluate market risks before making decisions.
AI Disclosure
Shubham Mohan Shitole may use Artificial Intelligence tools to enhance the research and delivery of services.
Refund Policy
All fees paid for research services, advisory subscriptions, or any other offerings are non-refundable under any circumstances.
Subscription Agreement
By subscribing to our services, the client acknowledges and agrees that:
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The fees are charged for access to research, analysis, and insights, and not for guaranteed returns.
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Market risks are inherent, and investment outcomes may vary.
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No refunds, cancellations, or partial reimbursements will be provided once the service has been activated or delivered.
Pre-Payment Review
Clients are advised to carefully review all service details, terms, and disclosures before making any payment.
Inquiries
In case of any queries or concerns, clients may contact us through the official communication channels provided.
Transparency
This policy is disclosed transparently in accordance with applicable regulations and guidelines.
Last updated: May 2026 | SEBI Registration: INH000024921 | Stoxplex Research
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Maharashtra,
412203
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+91 82083 31248