Now SEBI-registered · INH000028723 →
SEBI Registered Research Analyst · INH000028723Desvelado · Spanish for "unveiled"

The research you're reading
answers to someone else.

Broker research earns from transactions. Corporate-sponsored research earns from mandates. Ours earns from your subscription fee — and nothing else. No conflict. No pressure to skew the view. Independent equity research with a CA + CFA lens and full SEBI disclosure.

SEBI Registered RAReg. No. INH000028723
CA-led ResearchCA Danish Aggarwal — Director & Head of Research
BSE RAASB EnlistmentNo. 7338
Leadership TeamResearch · Compliance · HR
0+
Stories published
0+
NSE stocks screened
24/7
Live market channel
₹0
Earned from brokers — ever
Where to start

Free to start. Deeper when you need it.

Four tiers. Each one adds depth. You don't need to decide today — Signal is free and tells you immediately whether this is the platform you've been looking for.

01Start here
Signal
Free
  • Live bulletin terminal — NSE filings as they land
  • Bulk & block deal tracker — 30-second refresh
  • 2,000+ stock screener — India & US
  • 24/7 self-hosted market channel
  • Filings scored by materiality
Open Signal ↗
02Most popular
Research
₹9,999/mo
  • Everything in Signal, plus:
  • Independent equity research notes
  • Earnings breakdowns — same day as results
  • Coverage on requested scrips (1/month)
  • DRIP client portal — all calls in one place
  • Direct line to the research desk
Subscribe →
03Full access
Research Pro
₹14,999/mo
  • Everything in Research, plus:
  • Priority coverage (2/month · 5-day SLA)
  • Forensic accounting notes
  • Derivatives & options strategy
  • Quarterly 1-on-1 analyst call
  • Early access to all new reports (24h)
Subscribe →
04Per report
Institutional
From ₹25,000
  • No annual subscription required
  • Stock-specific, sector, forensic reports
  • Bespoke research mandates
  • AIF, PMS, family office, corporate
  • No SEBI fee ceiling applies
Request proposal →

SEBI fee ceiling: ₹1,51,000/annum for individual & HUF clients. KYC required before activation of paid plans. No payment on day one.

Why independence matters

Broker research answers to the broker.
Ours answers to you.

When a firm earns from transactions, their research tilts toward generating them. We earn only from your subscription fee — so our only job is to be right.

Our only income is your fee

We earn nothing from brokerages, corporate mandates or distribution commissions. No conflict means no pressure to skew the view.

Every report, fully disclosed

Analyst holdings, conflicts, rating methodology and price-target basis disclosed in every report — as required by SEBI regulations.

CA + CFA lens

Forensic accounting rigour, cash-flow quality analysis and valuation depth — from a CA & CFA candidate background.

Clarity over data dumps

We write for the reader who wants a decision framework: what matters, why it matters, and what to do with it.

From subscribers

What changed after they switched.

In their own words — the specific difference independent, conflict-free research made.

I'd been burned twice by 'Strong Buy' calls where the analyst's firm had an IB mandate — found it in the footnotes each time. With Desvelado the conflict disclosure is the first thing on the page, not the last. The research itself is denser and more honest than anything I was getting from my broker.

AM
Arjun M.
Portfolio Manager · Mumbai

Signal's bulk deal tracker is the one tab I actually keep open now. Found a significant block in a mid-cap I was watching within minutes of it filing — well before it was on Twitter or any news channel. That kind of timing used to require either luck or a Bloomberg terminal.

PK
Priya K.
Independent Trader · Bengaluru

As a CA I was already reading filings myself, but the forensic accounting notes on Research Pro catch things I was missing — specifically the accrual quality analysis and the related-party footnotes. It's the same work I'd do in a due diligence but compressed into something I can actually read before market open.

RS
Rahul S.
Chartered Accountant · Delhi

I asked for coverage on a stock my broker hadn't touched in eight months. Got a full note within the week — thesis, valuation, what to watch. That alone was worth the subscription. The DRIP portal is also genuinely useful; I'd been drowning in email PDFs before.

DN
Deepa N.
Equity Analyst · Hyderabad

Signal is free to try — no account needed. Open Signal ↗

DA
Chartered Accountant (CA)SEBI RA · INH000028723CFA Program candidate
The person behind the research

CA Danish Aggarwal — built this
because the research he wanted to read didn't exist.

A Chartered Accountant and CFA Program candidate who spent years at the intersection of financial analysis and markets — equity research, derivatives and forensic accounting. He started Desvelado because every analysis he found was either conflicted, vague or too late. He also built the technology: Signal, DRIP and the 24/7 broadcast channel — all in-house, from scratch.

  • Chartered Accountant — Institute of Chartered Accountants of India
  • SEBI Registered Research Analyst — INH000028723
  • CFA Program candidate
  • Background in equity research, derivatives & forensic accounting
  • Built Signal, DRIP and the 24/7 broadcast channel in-house
Research Plans

Independent research shouldn't cost what a Bloomberg terminal does.

Individual and HUF subscriptions from ₹9,999/month — SEBI fee ceiling ₹1,51,000/year. On-demand institutional reports from ₹25,000. Signal newsroom is free, no login required.

SignalFreeLive newsroom, screener, deals tracker, 24/7 channel
Research₹9,999/moEquity research, earnings notes, coverage requests, DRIP portalMost popular
Research Pro₹14,999/moPriority coverage, forensic notes, derivatives, quarterly call
See all plans & save →Compare every feature
Technology

The tools we needed didn't exist. So we built them.

Filing to research note in minutes, not hours. A 24/7 broadcast channel with no YouTube. Reports generated from a single source. We built the software because the alternative was slow and generic.

  • Live, low-latency market data
  • AI-assisted research workspace
  • Automated covers, video & carousels
  • Newsletter & multi-channel delivery
See the stack →
desvelado · research workspace
Live coverage▲ markets open
RBI holds rates — full analysislive
Q1 earnings: sector breakdown2m
FII flows turn positive — read-throughnow
Technical setup: Nifty Bank levels8m
SEBI Registered RAReg. No. INH000028723 · SEBI (Research Analysts) Regulations, 2014
Dispute ResolutionSmart ODR ↗

Get the market without the noise — weekly.

Independent market analysis, earnings breakdowns and research notes — no conflicts, no broker agenda, no sponsored opinion.