Market Report. April Subscriber s Copy, Not for Sale.

Transcription

1 Subscriber s Copy, Not for Sale News Bites Results Calendar Mutual Funds Scoreboard Derivative Corner Nifty 50 Scoreboard IPO Corner Fundamental picks Total 32 Pages Market Report April

2 Address: 3rd Floor Mehta Mansion besides Bharat Studio Rani Sati Gate Indore, Indore, Indore. ABOUT US... Equity Research Lab is Advisory Company which basically provides excellent Equity, Commodity and Forex Subscriptions. We give the best platform to secure business goal with our experienced research analyst team. Our fantastic research analyst team which offers an investor and exceptional service for clients and to make a very good business return. We are giving the innovative interesting idea for financial market research and consulting, commodity, Equity, FOREX Subscriptions. We provide monthly, weekly & daily newsletters for preparing you for trading; we have many other Subscriptions like Commodity Calls, FOREX Calls for Commodity Comex International Exchange. We communicate clients through various sources like , SMS, and call at the time of trading hours. We have vigorous and excellent business advices and concept and focus on positive business outcome and delivers excellent results. OUR SERVICES Services Subscription Charges* Stock Cash 16,000 Stock Option 15,000 Stock Future 16,000 Premium Cash 25,000 Premium Option 25,000 Premium Future 25,000 Index Future 15,000 Index Option 15,000 BTST Cash 12,000 BTST/STBT Future 12,000 Currency Pack 20,000 Commodity 15,000 Commodity Premium 30,000 Bullions Pack 15,000 Base Metal Pack 12,000 Energy Pack 12,000 Commodity Combo 25,000 Commodity Agri 15,000 *Subscription charges are for monthly services We have proposal Live through SMS and Chat room. Our SMS facility is direct deliver from research analyst team and which is a very efficient system ensuring the instant delivery of Message without any loss of time. So, the customers get acceptable time to enter into the trade and fetch the profit. 2

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4 Rush at Automobile dealers on 31 st March? You must have heard about the rush at automobile dealers on 31st march 2016.Rumours were in the air about the high discount available for the day cause companies are planning to drop the prices for all the vehicle from the April 1,2017.was it a true? Yes but only half! Discount on vehicle was available because government adopted Bharat Stage IV norms from 01st April, 2017 suspending the Bharat Stage (BS) III norms. Bharat Stage (BS) III norms have been enforces across the country since October Bharat stage emission standards (BSES) are standards instituted by the Government of India to regulate the output of air pollutants from internal combustion engines and spark ignition engines equipments, including motor vehicles. The standards and the timeline for the implementation are set the Central pollution control board. This is established under the ministry of environment & forest and climate change. These standards are parented by European regulation which was first introduced in After that, these norms are keeps on changing by time to time. All the manufacturers have to implement these norms with their vehicles. These norms contain the regulations which help in lowering the pollution levels. Exposure to air pollutions can caused several cardiovascular and respiratory diseases, which is calculated to be cause for almost half a million early death in 2010.In 1991, first emission norms were introduced for petrol and in 1992 for diesel vehicles in India. Recently, Bharat stage (BS) IV norms has been enforced across the country but it was already been placed in major 13 cities of the nation in April 2010.In, 2016, Government of India Announced that they would skip Bharat Stage (BS)-V norms and will adopt Bharat Stage (BS)-IV norms till Standard Reference Date Bharat Stage Euro 2 1 April 2005 II Bharat Stage Euro 3 1 April 2010 III Bharat Stage Euro 4 1 April 2017 IV Bharat Stage Euro 6 April 2020 VI (proposed) Table: Indian Emission Standards (2 and 3 wheelers) Bharat Stage vs. Euro Norms The Bharat Stage norms are constructed to meet the needs and demands according to the environmental conditions of India. The difference between Bharat Stage and euro 4

5 norms are found only when it s about geographical and environmental needs and conditions else emissions standards are same. For instance, Bharat Stage (BS) III is tested between 24 C and 28 C whereas Euro-III is tested at subzero temperature. Another major distinction is the maximum speed at which the test is performed. For, Bharat Stage (BS)-III is tested at 90Km/h whereas in euro norms it is stipulated at 120 km/h keeping the emissions limit at the same for the both. Ashok Leyland says over 10,000 Vehicles impacted by BS-III Ban The Hinduja flagship firm "Ashok Leyland" said they are having 10,664 units of commercial vehicles which are based on BS- III norms. Firm will be impacted by ban on BS-III by supreme court but they have found a way to make this financial hit as minimal as they introduced a technology called "Intelligent exhaust gas re- circulation Technology (iegr) which will be used to upgrade all the vehicles to make them compatible with BS-IV but this will increase the cost of vehicle by 8-10%. society of Indian automobile manufacturers (SIAM), Out of a total units of different vehicles from different product line, 95% were with them not with the dealers. R&D team will start upgrading their engines with specifically developed iegr. Generally, BS-III engines costs around 1.5 lakh rupees but after upgrading it going to cost around 2 lakh rupees. Dasari said BS-IV based engines with iegr will have 10% more fuel efficiency and can be optimized for engines up to 400 horse power. He added, last month when Supreme Court had banned sale and registration of vehicles with the BS-III emission norms industry got saddled with a stock over 8 lakh vehicles worth Rs. 20,000 crore Ashok Leyland According to Vinod K Dasari, Managing Director of Ashok Leyland and president of 5

6 Honda Activa creates new records, Sells 15 million units Activa, a flagship model from the second largest two-wheeler maker Honda has sold 15 million units since its launch in 2001.Kato said, In past seven years, the contribution of scooter segment in the industry has doubled from 16% to 32%.Yadvinder singh guleria, senior vice president for sales and marketing, enlighten the success and market leadership of activa in the industry. He added, Honda contributed to bringing out the technology like combi-break system, first automatic scooter years before to be mandatory by

7 recently other countries like Australia has also begun the same providing temporary visas. IT firms like Tata consultancy services (TCS), Wipro and Infosys have become the political target for the newly formed government in U.S. U.S government juggling with H-1B visa reforms H-1B visa reforms effect: Infosys planned to hire up to workers from US Donald Trump: Buy America Hire America Donald trump stated clearly in various rallies before U.S. presidential elections that he want more jobs for the Americans. He targeted the industry which is importing the most of the rest. Infosys, India based IT giant announced to hire 10,000 U.S. workers reacting on changes in H-1B visa norms. Sikka Said, when we think from U.S. point of view, we should work on creating more American jobs and opportunities for the nation and residents. Words are floating the air that Infosys has applied just 1,000 visas under H-1B this year in comparison to 6,500 in 2016 and around 9,000 in 2015.The united states is the largest market for IT companies but Sikka added, Infosys has already hired about 2,000 U.S. based workers since 2014.Infosys, who employs over 2,00,000 employees collectively from all over the world going to hire 10,000 U.S workers but investors point of view attracting the fact will these 10,000 worker will able to provide the needed skilled services to the company. IT industry in U.S. is consistently getting hit by events like BREXIT, U.S immigration laws etc. This led some U.S. clients to put their projects on hold. Infosys cautioned last month that it will be a hard task for them to achieve $20 billion revenue target by the year 2020 if the industry keep on getting hit like this. 7

8 RBI GAINED MORE POWER TO DIRECT BANKS The ordinance failed to gain much confidence towards resolving the drilling Banking sector. Banking sectors is suffering from NPA problem since so long that government keep coming with the ideas to lower it. NPA concept was implemented by Narasimhan committee. Before the introduction of NPA concept, banks adopted the Health Code 1 to Health Code 10 to denote the different category of bad loans. Recently, Government of India empowered Reserve bank of India to issue directions to the banks to initiate insolvency process for the defaulting firms under the bankruptcy code. Government empowers RBI to look into the stressed accounts and provide resolutions to the banks. In the announced ordinance, RBI empowers to form a committee to provide various resolutions to the bank of their stressed accounts. Market Capitalization of total 24 listed public sector banks have fallen to 4.3% since November Government is trying hard to get rid of the NPA bug from its core sector. On 05 th May, Government announced the ordinance but it failed to impress investors as Nifty PSU bank index fell 1.8%, Nifty private bank index fell to 0.4%. Chart: Nifty bank Index Intraday chart (05 th May 2017) Public sector banks (PSB s) struggling with the mounting NPA s is seeing their valuation getting eroded the most. In past five years, RBI has come out with several schemes as a resolution for bad loans, but not a single scheme had satisfied the banks. 8

9 Year 2016 Bank STATE BANK OF BIKANER & JAIPUR STATE BANK OF HYDERABAD STATE BANK OF INDIA STATE BANK OF MYSORE STATE BANK OF PATIALA STATE BANK OF TRAVANCORE STATE BANK OF BIKANER & JAIPUR STATE BANK OF INDIA & ITS ASSOCIATES As on March 31 (Previous year ) Addition during the Year As On March 31 Gross NPA s Reduction during the Year Writeoff during the Year As on March 31 (current year) As on March 31 (previous year) Net NPA s As on March 31 (current year) Sources: RBI Website As On March 31 Year 2016 Bank As on March 31 (Previous year ) Addition during the Year Gross NPA s Reduction during the Year Writeoff during the Year As on March 31 (current year) As on March 31 (previous year) Net NPA s As on March 31 (current year) AXIS BANK BANDHAN BANK CATHOLIC SYRIAN BANK LTD CITY UNION BANK LIMITED DCB BANK LIMITED DHANLAXMI BANK FEDERAL BANK HDFC BANK ICICI BANK Sources: RBI Website 9

10 As On March 31 Year 2016 Bank As on March 31 (Previous year ) Addition during the Year Gross NPA s Reduction during the Year Writeoff during the Year As on March 31 (current year) As on March 31 (previous year) Net NPA s As on March 31 (current year) IDFC BANK INDUSIND BANK JAMMU & KASHMIR BANK LTD KARNATAKA BANK LTD KARUR VYSYA BANK KOTAK MAHINDRA BANK LTD LAKSHMI VILAS BANK NAINITAL BANK RBL SOUTH INDIAN BANK TAMILNAD MERCANTILE BANK LTD PRIVATE SECTOR BANKS Sources: RBI Website 10

11 As On March 31 Year 2016 Bank ALLAHABAD BANK As on March 31 (Previous year ) Addition during the Year Gross NPA s Reduction during the Year Writeoff during the Year As on March 31 (current year) As on March 31 (previous year) Net NPA s As on March 31 (current year) ANDHRA BANK BANK OF BARODA BANK OF INDIA BANK OF MAHARASHTRA BHARATIYA MAHILA BANK LTD CANARA BANK CENTRAL BANK OF INDIA CORPORATION BANK DENA BANK IDBI BANK LIMITED INDIAN BANK INDIAN OVERSEAS BANK ORIENTAL BANK OF COMMERCE PUNJAB AND SIND BANK PUNJAB NATIONAL BANK SYNDICATE BANK UCO BANK UNION BANK OF INDIA UNITED BANK OF INDIA VIJAYA BANK NATIONALISED BANKS Sources: RBI Website 11

12 RESULTS CALENDAR Symbol Company Purpose Board Meeting Date CANBK Canara Bank 08-May-17 GSKCONS WELINV WELCORP INFRATEL MANGALAM VLSFINANCE ABB INFRATEL Welspun Investments and Commercials Welspun Corp Bharti Infratel Mangalam Drugs And Organics VLS Finance ABB India Bharti Infratel Results 08-May-17 GRANULES 08-May-17 NILKAMAL Results 08-May-17 ASIANPAINT Results/Others 08-May-17 HCLTECH 08-May-17 GLENMARK Results 08-May-17 GPPL 08-May-17 IGARASHI NOCIL NOCIL 08-May-17 CENTURYTEX JAYSREETEA Jayshree Tea & Industries Union Bank of India 08-May-17 HAVELLS Symbol Company Purpose GlaxoSmithKline Consumer Healthcare Granules India Nilkamal Asian Paints HCL Technologies Glenmark Pharmaceuticals Gujarat Pipavav Port Igarashi Motors India Century Textiles & Industries Havells India Board Meeting Date 11-May May May May May May May May May May-17 UNIONBANK 08-May-17 SRIPIPES Srikalahasthi Pipes 12-May-17 DENABANK Dena Bank 09-May-17 INOXWIND Inox Wind Results 12-May-17 NELCO NELCO Results 09-May-17 UCOBANK UCO Bank Results 12-May-17 FRETAIL Future Retail Oriental Bank of 09-May-17 ORIENTBANK Commerce Results/Others 12-May-17 HITECHPLAS Dr. Reddy's Hitech Plast 09-May-17 DRREDDY Laboratories 12-May-17 SHEMAROO BHARTIARTL LAOPALA Shemaroo Entertainment Bharti Airtel La Opala RG 09-May-17 LALPATHLAB Results 09-May-17 JSL 09-May-17 IDEA ALEMBICLTD Alembic 09-May-17 KTKBANK GODREJCP THYROCARE INDIGO ELGIEQUIP Godrej Consumer Products Thyrocare Technologies InterGlobe Aviation Elgi Equipments Dr. Lal Path Labs Ltd. Jindal Stainless Idea Cellular The Karnataka Bank Results Board meeting Rescheduled 12-May May May May May-17 BPL BPL Results 13-May-17 Results 09-May-17 CENTRALBK Results 09-May-17 JKCEMENT 09-May-17 BATAINDIA SYNDIBANK Syndicate Bank 09-May-17 GABRIEL PETRONET Petronet LNG Central Bank of India JK Cement Bata India Gabriel India Results Results 13-May May May May May-17 ATLANTA Atlanta 15-May

13 Symbol Company Purpose Board Meeting Date Symbol Company Purpose Board Meeting Date TRIDENT Trident 09-May-17 VEDL Vedanta Results 15-May-17 BLUESTARCO Blue Star 09-May-17 SOUTHBANK MAJESCO Majesco Results/Others 09-May-17 MRPL INDIGO GMDCLTD InterGlobe Aviation Gujarat Mineral Development Corporation 09-May-17 CHENNPETRO 09-May-17 DHANBANK VIJAYABANK Vijaya Bank 09-May-17 TCI SREINFRA SREI Infrastructure Finance Hero MotoCorp Capital First 09-May-17 SHREECEM The South Indian Bank Mangalore Refinery and Petrochemicals Chennai Petroleum Corporation Dhanlaxmi Bank Transport Corporation of India Shree Cements Results Board meeting Rescheduled 15-May May May May May May-17 HEROMOTOCO 10-May-17 PNB Punjab National Bank Results 16-May-17 CAPF 10-May-17 JKPAPER JK Paper 16-May-17 HIKAL Hikal 10-May-17 ANDHRABANK Andhra Bank Results 16-May-17 KEI Grasim KEI Industries 10-May-17 GRASIM Industries 16-May-17 8KMILES IDEA HFCL ZEEL 8K Miles Software Services Idea Cellular Himachal Futuristic Communications Zee Entertainment Enterprises 10-May-17 TCI Results/Others 10-May-17 BAJFINANCE 10-May-17 JSWSTEEL 10-May-17 JKLAKSHMI SIEMENS Siemens Results 10-May-17 BAJAJFINSV HSCL DALMIABHA VINATIORGA CENTENKA SICAL SMLISUZU Himadri Speciality Chemical Dalmia Bharat Vinati Organics Century Enka Sical Logistics SML Isuzu 10-May-17 RBL 10-May-17 HINDUNILVR 10-May-17 HINDCOPPER 10-May-17 PIDILITIND Results 10-May-17 ABIRLANUVO 10-May-17 KARURVYSYA ARVIND Arvind 11-May-17 BAJAJHLDNG Transport Corporation of India Bajaj Finance JSW Steel JK Lakshmi Cement Bajaj Finserv Rane Brake Lining Hindustan Unilever Hindustan Copper Pidilite Industries Aditya Birla Nuvo Karur Vysya Bank Bajaj Holdings & Investment Results Results Results 17-May May May May May May May May May May May May

14 MUTUAL FUND SCOREBOARD EQUITY Large Cap Assets (Rs. Cr.) NAV RETURNS(%) as on May 05, MTH 3MTH 6MTH 1YR 2YR* 3YR* ICICI Pru Top 100 Fund (G 1, Kotak Select Focus Fund - Regular (G) 6, SBI Blue Chip Fund (G) 8, Small & Mid Cap Assets (Rs. RETURNS(%) as on May 05, 2017 NAV Cr.) 1 MTH 3MTH 6MTH 1YR 2YR* 3YR* Birla SL Small and Midcap Fund DSP-BR Micro Cap Fund RP(G) Mirae Emerging Blue chip Fund (G) Diversified Equity Assets (Rs. RETURNS(%) as on May 05, 2017 NAV Cr.) 1 MTH 3MTH 6MTH 1YR 2YR* 3YR* Birla Sun Life Equity Fund (G) Birla SL India Gen next(g) Principal Emerging Blue chip (G) Infrastructure Assets RETURNS(%) as on May 05, 2017 NAV (Rs. Cr.) 1 MTH 3MTH 6MTH 1YR 2YR* 3YR* DSP-BR Natural Resources RP(G) L&T Infrastructure (G) ELSS Assets RETURNS(%) as on May 05, 2017 NAV (Rs. Cr.) 1 MTH 3MTH 6MTH 1YR 2YR* 3YR* DSP-BRTax Saver Fund(G) Principal Tax Savings *Returns over 1 Year are annualised 14

15 MUTUAL FUND SCOREBOARD DEBT Debt Long Term Assets RETURNS(%) as on May 05, 2017 NAV (Rs. Cr.) 1 MTH 3MTH 6MTH 1YR 2YR* 3YR* Can Robeco Dynamic Bond- RP (G) UTI Bond Fund (G) Debt Short Term Assets RETURNS(%) as on May 05, 2017 NAV (Rs. Cr.) 1 MTH 3MTH 6MTH 1YR 2YR* 3YR* IDFC SSIF MTP Regular (G) LIC Income Plus Fund (G) Ultra Short Term Debt Assets RETURNS(%) as on May 05, 2017 NAV (Rs. Cr.) 1 MTH 3MTH 6MTH 1YR 2YR* 3YR* Indiabulls Ultra Short Term (G) GILT Long Term Assets RETURNS(%) as on May 05, 2017 NAV (Rs. Cr.) 1 MTH 3MTH 6MTH 1YR 2YR* 3YR* Reliance Glit Sec. RP (G) UTI Glit Advantage LTP (G) *Returns over 1 Year are annualised HYBRID MIP Aggressive Assets RETURNS(%) as on May 05, 2017 NAV (Rs. Cr.) 1 MTH 3MTH 6MTH 1YR 2YR* 3YR* Birla SL MIP II- Wealth 25 (G) ICICI Prudential MIP 25 (G) *Returns over 1 Year are annualised 15

16 DERIVATIVE CORNER Rollover Report Top 10 Stocks Rollover Scrip Rollover % 3 Month Rollover Avg. % Closing Price Price Change % IRB 93.15% 88.34% % BHARATFIN 92.18% 84.86% % CASTROLIND 91.32% 90.54% % TATAGLOBAL 91.11% 92.36% % FEDERALBNK 90.03% 83.06% % SOUTHBANK 89.74% 89.95% % GRANULES 89.48% 86.67% % JPASSOCIAT 89.43% 88.19% % ICIL 89.39% 86.89% % PETRONET 89.36% 81.05% % Bottom 10 Stocks Rollover Scrip Rollover % 3 Month Rollover Avg. % Closing Price Price Change % BANKINDIA 53.64% 81.69% % HCLTECH 55.50% 79.60% % PNB 56.46% 79.80% % TCS 57.28% 71.41% % JUBLFOOD 58.41% 69.67% % UPL 58.45% 81.78% % HDFC 58.90% 66.45% % NIITTECH 61.28% 73.61% % ORIENTBANK 61.48% 83.02% % ITC 61.51% 73.46% % Stocks Rollover Scrip Rollover % 3 Month Rollover Avg. % Closing Price Price Change % ABIRLANUVO 81.87% 90.27% % ACC 72.56% 79.68% % ADANIENT 82.51% 84.60% % ADANIPORTS 74.30% 77.17% % ADANIPOWER 82.04% 90.53% % AJANTPHARM 64.98% 79.95% % ALBK 72.50% 71.52% % AMARAJABAT 74.78% 74.62% % AMBUJACEM 74.29% 74.88% 251 7% ANDHRABANK 75.87% 62.44% % 16

17 Stocks Rollover Scrip Rollover % 3 Month Rollover Avg. % Closing Price Price Change % APOLLOHOSP 84.45% 83.43% % APOLLOTYRE 82.29% 89.07% % ARVIND 73.58% 81.96% % ASHOKLEY 79.30% 85.83% % ASIANPAINT 76.35% 80.50% % AUROPHARMA 76.97% 82.91% % AXISBANK 78.37% 75.96% 509 2% BAJAJ-AUTO 65.93% 75.98% % BAJFINANCE 66.45% 79.02% % BANKBARODA 70.47% 76.51% % BANKINDIA 53.64% 81.69% % BATAINDIA 78.97% 84.17% % BEL 80.06% 86.15% % BEML 77.07% 81.10% % BHARATFIN 92.18% 84.86% % BHARATFORG 63.20% 79.86% % BHARTIARTL 67.97% 76.56% % BHEL 63.91% 73.69% % BIOCON 66.60% 84.93% % BOSCHLTD 76.97% 77.24% % BPCL 82.67% 74.45% % BRITANNIA 85.56% 68.86% % CADILAHC 71.97% 81.09% % CANBK 68.41% 86.13% % CASTROLIND 91.32% 90.54% % CEATLTD 72.95% 81.32% % CENTURYTEX 88.89% 90.85% % CESC 87.33% 86.40% % CIPLA 72.62% 80.50% % COALINDIA 74.41% 67.84% % COLPAL 75.91% 77.72% % CONCOR 76.42% 78.84% % CUMMINSIND 77.09% 77.91% % DABUR 85.98% 86.53% % DCBBANK 74.94% 77.05% % DHFL 84.05% 88.56% % DISHTV 74.80% 83.72% % DIVISLAB 74.48% 83.13% % DLF 79.45% 79.27% % DRREDDY 73.06% 78.14% % EICHERMOT 75.91% 71.67% % ENGINERSIN 75.86% 78.79% % EXIDEIND 88.06% 89.91% 229 4% FEDERALBNK 90.03% 83.06% % GAIL 76.33% 68.33% % GLENMARK 70.61% 85.46% % GMRINFRA 85.91% 86.65% % GODREJCP 67.75% 64.30% % GODREJIND 73.28% 74.33% % 17

18 Stock Rollover Scrip Rollover % 3 Month Rollover Avg. % Closing Price Price Change % GRASIM 75.54% 70.40% % HAVELLS 67.95% 77.28% % HCLTECH 55.50% 79.60% % HDFC 58.90% 66.45% % HDFCBANK 72.54% 73.14% % HDIL 72.60% 78.74% % HEROMOTOCO 70.50% 75.07% % HEXAWARE 74.82% 81.38% % HINDALCO 80.54% 81.77% % HINDPETRO 88.85% 77.88% % HINDUNILVR 72.45% 79.02% % HINDZINC 82.91% 76.42% % IBREALEST 75.01% 88.13% % IBULHSGFIN 82.82% 85.09% % ICICIBANK 72.58% 70.54% % ICIL 89.39% 86.89% % IDBI 73.96% 82.02% % IDEA 66.89% 71.61% % IDFC 76.68% 88.89% % IDFCBANK 75.70% 89.77% % IFCI 83.26% 81.46% % IGL 64.19% 78.76% % INDIACEM 79.34% 85.36% % INDUSINDBK 68.06% 69.65% % INFRATEL 73.26% 74.51% % INFY 73.67% 72.89% % IOC 72.41% 72.37% % IRB 93.15% 88.34% % ITC 61.51% 73.46% % JETAIRWAYS 80.22% 77.48% 516-4% JINDALSTEL 88.89% 84.48% % JISLJALEQS 87.87% 86.13% % JPASSOCIAT 89.43% 88.19% % JSWENERGY 89.30% 88.76% % JSWSTEEL 77.42% 84.89% % JUBLFOOD 58.41% 69.67% % JUSTDIAL 67.72% 73.88% % KOTAKBANK 71.90% 70.53% % KPIT 78.11% 80.02% % KSCL 78.50% 80.73% % KTKBANK 79.57% 83.26% % L&TFH 80.25% 79.39% % LICHSGFIN 82.34% 77.64% % LT 64.89% 73.18% % LUPIN 62.23% 77.76% % M&M 75.73% 70.93% % M&MFIN 68.68% 75.50% % MARICO 85.72% 76.56% % MARUTI 79.37% 78.29% % 18

19 Stock Rollover Scrip Rollover % 3 Month Rollover Avg. % Closing Price Price Change % MINDTREE 76.43% 83.40% % MOTHERSUMI 75.14% 76.49% % MRF 79.84% 87.61% % NCC 81.06% 82.76% % NHPC 73.77% 71.32% % NIITTECH 61.28% 73.61% % NMDC 80.27% 79.91% 127-4% NTPC 73.90% 74.68% % OFSS 72.40% 75.81% % OIL 67.86% 74.40% 325-1% ONGC 77.60% 75.29% % ORIENTBANK 61.48% 83.02% % PAGEIND 64.04% 76.00% % PCJEWELLER 75.39% 70.43% % PETRONET 89.36% 81.05% % PFC 80.40% 73.89% % PIDILITIND 82.08% 80.93% 727 5% PNB 56.46% 79.80% % POWERGRID 67.56% 77.45% % PTC 80.75% 83.89% % RCOM 88.19% 84.17% % RECLTD 75.13% 74.47% % RELCAPITAL 86.60% 86.63% % RELIANCE 70.51% 76.99% % RELINFRA 86.27% 88.43% % RPOWER 88.12% 89.27% % SAIL 78.66% 83.81% % SBIN 62.12% 75.34% % SIEMENS 71.05% 79.24% % SINTEX 88.39% 88.88% % SOUTHBANK 89.74% 89.95% % SRF 71.44% 77.79% % SRTRANSFIN 69.84% 75.81% % STAR 70.05% 77.48% % SUNPHARMA 76.33% 81.45% % SUNTV 85.14% 85.05% % SYNDIBANK 77.20% 76.97% % TATACHEM 84.67% 83.72% % TATACOMM 84.37% 88.94% % TATAELXSI 77.75% 80.75% % TATAGLOBAL 91.11% 92.36% % TATAMOTORS 82.59% 69.87% % TATAMTRDVR 81.80% 82.79% % TATAPOWER 79.07% 83.82% % TATASTEEL 83.07% 80.14% % TCS 57.28% 71.41% % TECHM 77.61% 73.86% % TITAN 80.98% 71.29% % TORNTPHARM 61.68% 76.00% % TV18BRDCST 86.68% 91.90% % TVSMOTOR 76.24% 77.63% % UBL 67.35% 74.40% % ULTRACEMCO 66.16% 76.78% % UNIONBANK 71.48% 77.21% % UPL 58.45% 81.78% % 19

20 Stock Rollover Scrip Rollover % 3 Month Rollover Avg. % Closing Price Price Change % VEDL 79.72% 76.75% 235-7% VOLTAS 79.16% 75.95% % WIPRO 71.56% 75.91% % WOCKPHARMA 77.19% 86.88% % YESBANK 67.88% 74.63% % ZEEL 78.72% 78.45% % Nifty Put Call Ratio Chart Nifty Close PCR 20

21 IPO CORNER HUDCO A Maniratna company For Offer for sale Offer size(in Rs. Crores) On lower price band On upper price band Offer size (In No. Of share) Price band (In Rs.) Post issue capital(rs. Crores) On lower price band On upper price band Post-issue promoter share 89.8 holding (%) Issue open date 08/05/2017 Issue close date 11/05/2017 Listing NSE and BSE Housing and Urban development corporation (HUDCO) was established in 1970 by the government of India. Company has proved itself to the citizens by helping in reconstruction at the time of crisis like earthquakes, cyclones, flood etc. Housing and Urban development corporation (HUDCO) a wholly owned by government is ready to go with public issue to divest 10% government stake. HUDCO is having experience of over 46 years for providing loans to housing and urban infrastructure projects. Hudco s IPO of 20.4 crore shares will be available for subscription from 8 th may 2017 till 11thmay 2017.The price band is Rs 56 to Rs 60 per share. Company has already reserved shares valued at 23 crores for its employees. Urban India is seeing an inflow of working population. HUDCO serves services like water supply, sewerage, drainage etc and is holding a great positioned in the sector. HUDCO is holding a credit rating of AAA (Highest rating for long term borrowing with lower costs).in addition; government has allowed the company to issue tax free bonds on regular basis. Lending to the private sector didn t played well for the company s growth. From April 2013, the board decided to adopt a new business model with low risk by lending to the state government and their agencies only. Company is expecting to fall in provisions from FY19 and will be a good year for earnings. 21

22 Statistics Company is having a loan book of Rs. 36,386 crores. About 90% of loans have been allowed to state government. Weakness The fiscal responsibility and budget management act limits the amount states can borrow. Year No. of Projects Project Cost Loan Sanctioned (In Cr) Housing Urban Infrastructure Loan Released( In Cr) Housing Urban Infrastructure Total Res.Dwell Units EWS LIG MIG HIG HUDCO Niwas Non Residential Building Number of Plots No. of Urban Inf. Projects Strength Played a key role in government schemes to develop infrastructure sector. 90% of loans are granted to government and their agencies. 22

23 NIFTY 50 SCOREBOARD Symbol Price* 52 Week High 52 Week Low 365 Days % Change 30 Days % Change Face value book value IOC HINDALCO _ 6.29 YESBANK 1, , MARUTI 6, , , , ADANIPORTS IBULHSGFIN 1, , SBIN BPCL POWERGRID GRASIM 1, , ULTRACEMCO 4, , , ICICIBANK INDUSINDBK 1, , , EICHERMOT 26, , , , RELIANCE 1, , HDFCBANK 1, , , ASIANPAINT 1, , LT 1, , , ONGC HDFC 1, , , TATASTEEL _ ITC KOTAKBANK BANKBARODA _ ZEEL ACC 1, , , BOSCHLTD 23, , , , AMBUJACEM TATAPOWER HEROMOTOCO 3, , , BAJAJ-AUTO 2, , , NTPC HCLTECH GAIL HINDUNILVR AXISBANK TATAMOTORS CIPLA M&M 1, , , BHARTIARTL COALINDIA INFRATEL Stock P/E EPS 23

24 Symbol Last Week 52 Week Face book Stock Traded Days % Days % High Low value value P/E Price Change Change EPS TCS 2, , , WIPRO TATAMTRDVR _ DRREDDY 2, , , TECHM LUPIN 1, , , INFY , SUNPHARMA AUROPHARMA TCS 2, , , WIPRO TATAMTRDVR _ DRREDDY 2, , , TECHM LUPIN 1, , , INFY , SUNPHARMA AUROPHARMA *as on 8 th May

25 NIFTY NIFTY SPOT : R1:9335 R2:9357 R3:9376 PIVOT : 9316 S1:9295 S2:9276 S3:9254 CHART INTERPRETATION NIFTY DAILY CHART The Nifty took support near the cluster of support placed around region as it is the upper band of bullish gap area formed on March 14, 2017 post state election results (9060) and 80% retracement of the last rising segment placed around Going forward, we expect the index to trade with a positive bias and a decisive close above 9310 will add fuel to the ongoing momentum and open further upsides towards 9450 over the short term as it is the value of the trend line joining 2016 yearly high and March 2017 peak of Among oscillators, the 14 period RSI is exhibiting a negative divergence as it has formed lower high against higher high on price front. This may keep the index vulnerable to bouts of profit taking at higher levels INDEX OUTLOOK Nifty Future: The Nifty is likely to open flat to positive on the back of weak Asian cues. It s important to sustain above 9260 to move upwards. Buy Nifty near for targets of 9350, 9400 stop loss: 9250 Nifty Bank Future: The Nifty Bank hit a life-time high on the back of the strong price performance of PSU banks along with private sector leaders. Addition was seen in strike Call whereas writing continued in Put indicating major support. We feel the index is well placed to test on upsides on the back of continuous DII buying. Buy Nifty Bank in the range of , targets: , stop loss:

26 SECTORAL INDICES Key Indices Levels to watch out for the day INDEX RESISTANCE 2 RESISTANCE 1 LTP SUPPORT 1 SUPPORT 2 (Spot) SENSEX NIFTY NIFTYBANK NIFTYIT

27 NIFTY FUTURE NIFTY DAILY CHART The Nifty witnessed a round of profit booking and fell NIFTY nearly OUTLOOK 75 points for the day. With all sectors feeling the heat, the index ended near Nifty. futures ended at a premium of 35 points. India VIX rose 5.8%, ending at 12.0.FIIs sold 364 crore while DIIs bought 298 crore in the cash segment. FIIs sold 1089 crore in index futures and bought 1800 crore in index options. In stock futures, they sold 471 crore The Nifty opened on flat note tracking muted global cues as a long awaited US tax cut plan unveiled by US president on Wednesday failed to inspire investors. The index traded choppy in a narrow range of just 45 points thereafter between 9367 and 9322 for the entire session before finally settling at Sectorally, profit booking in FMCG, pharma and metal space capped the upside while oil & gas, IT and capital goods indices posted modest gains NIFTY FUTURE : R1:9352 R2:9387 R3:9414 PIVOT : S1:9289 S2:9261 S3:

28 NIFTY BANK FUTURE NIFTY BANK DAILY CHART NIFTY BANK OUTLOOK The NIFTY index OUTLOOK witnessed a sharp fall last Friday. However, the level of acted as a strong support for the day. Towards the end, the index S ended well above with stock specific activity in a few heavyweights. We feel the index has a strong support near It is advisable to buy on dips until the index does not end below these levels The index ended at all-time high levels very much near the sizeable Call base of As the index continued to trade in a discount for the third day in a row, we feel spreads are likely to get narrow. However, the overall support for the index has shifted towards BANK NIFTY FUTURE : R1:22795 R2:22938 R3:23058 PIVOT : S1:22532 S2:22412 S3:

29 USDINR The Indian rupee rose for a second day against the dollar in-line with other Asian currencies. The Fed kept interest rates unchanged at its two-day policy meeting on Wednesday and emphasized the strength of the labour market in its subsequent statement - a sign it was still on track for two more rate rises this year. USDINR is expected to trade with positive bias in today s session. Resistance is at and support is at mark. USDINR : R1:64.50 R2:64.60 R3:64.75 S1:64.30 S2:64.22 S3:64.10 GLOBAL MARKETS EUROPEAN MARKET NAME CHANGE % CHANGE FTSE CAC DAX European markets finished higher on with shares in France leading the region. The FTSE 100 is up % and France's CAC 40 is up 1.10% while Germany's DAX is up 0.54%. ASIAN MARKET NAME CHANGE % CHANGE NIKKEI STRAITS TIMES HANG SENG TAIWAN WEIGHTED Asian markets traded on a positive note. China s Shanghai composite fell percent or 0.81 points to close at and the Hong Kong's Hang Seng was positive by points. 29

30 ADVANCES / DECLINES RATIO ADVANCE DECLINE UNCHANGED TOTALS INDIAN MARKETS INDEX PREVIOUS CLOSE OPEN HIGH LOW CLOSE GAIN/LOSS Nifty Nifty IT Nifty Bank Nifty Pharma India VIX FII/DII ACTIVITY INDEX FUTURES INDEX OPTIONS STOCK FUTURES STOCK OPTIONS No. Of Contracts BUY SELL OPEN INTEREST AT THE END OF THE DAY Amt. No. Of Amt. No. Of Amt. (In. Crores) Contracts (In. Crores) Contracts (In. Crores)

31 TOP GAINERS VS. TOP LOSERS TOP GAINERS Company LTP(Rs.) % Change IBULHSGFIN ACC ADANIPORTS HCLTECH ASAINPAINT TOP LOSERS Company LTP(Rs.) % Change BANKBARODA TATAMOTORS HINDALCO ZEEL TATAMTRDVR

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