PRIVATE CLIENT GROUP [PCG]

January 30, 2019

HSL PCG “THE DAILY”

PRIVATE CLIENT GROUP [PCG]

“THE DAILY”

2

Close Points % Change

SENSEX 35593 -64 -0.18

NIFTY 10652 -9 -0.09

MIDCAP 14468 57 0.39

SMALL CAP 13708 -14 -0.10

Close Points % Change

Healthcare 13760 102 0.75

TECK 7387 54 0.73

IT 14944 97 0.65

POWER 1863 5 0.30

METAL 10615 18 0.17

CD 20848 33 0.16

BANKEX 29811 -1 0.00

Finance 5707 -14 -0.24

AUTO 18293 -70 -0.38

REALTY 1777 -11 -0.62

OIL & GAS 13496 -125 -0.92

CG 16920 -173 -1.01

BSE %

ADVANCES 1132 43

DECLINES 1384 52

UNCHANGED 144 5

GAINERS % LOSERS %

BANKINDIA 8.17 HEG -10.00

ADANIPOWER 7.60 DHFL -8.01

ADANIPORTS 6.39 GRAPHITE -6.67

INDIANB 4.92 EICHERMOT -5.31

IDBI 4.75 CROMPTON -4.97

FOUR FACTORS TO FATHOM

Rs Cr 29/01/19 28/01/19 Jan Total

FII -354 223 -3217

MF 81 92 6826

Fears of an expose on financial sector turned out to be adamp squib. This lead to a sharp relief rally in the lasthalf an hour. The Nifty rebounded from the day’s low torecover all the day’s losses. It is only the averaging ofthe last 30 minutes of trade that indicates a minor cutfor the Nifty.

The U.S. markets have closed mixed on weak resultsfrom the semi-conductor leaders, however, there hasbeen a recovery in tech after the markets closed, whichshould indicate positive tidings for the markets.

Around a quarter of the S&P 500 companies report thisweek and a slew of economic data is expected as theU.S. Government workers return to work and catch upwith pending work. The FOMC has begun a two daymeeting, where no one expects the Fed to hike butexpect some talk of ending the balance sheet tightening.

The Rupee is likely to open about 15 paise lower. TheNifty is likely to open with a 30 points opening gain. AxisBank looks well placed after the results that came aftermarkets downed their shutters Tuesday.

Bajaj Auto, ICICI Bank, Indian Oil and NTPC are slatedto declare their quarterly score card today. Januaryderivatives expiry, US FOMC decision, Interim UnionBudget and Quarterly results – four important factorswill shape the fate of Nifty in the short run. 10,800remains the formidable barrier on the upside and 10500is the support for the markets.

Bank of Baroda Q3 net profit up 321%, assetquality improves

Bank of Baroda posted 321.6 percent yoy increase in itsDecember quarter net profit at Rs 471.21 crore onstrong growth in interest income and improved assetquality.

Net interest income (difference between interest earnedand expended) increased to Rs 4,744 crore in Q3.Adjusting for IT refund of Rs 326 crore in December2017, NII increased by 16.62 percent YoY. Domesticcore fee income increased 16.1 percent YoY to Rs 771crore.

DOMESTIC INDICES VIEW POINT

SECTORAL INDICES

BSE 200 GAINERS/LOSERS

ADVANCE/DECLINES

INSTITUTIONAL ACTIVITY

PRIVATE CLIENT GROUP [PCG]

“THE DAILY”

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Close Points % Chg

DOW JONES 24580 51.74 0.21

S & P 500 2640 -3.85 -0.15

NASDAQ 7028 -57.40 -0.81

FTSE 6834 86.83 1.29

CAC 4928 39.61 0.81

DAX 5167 3.92 0.08

MSCI World 1989 -12.68 -0.63

MSCI EM 1028 -4.28 -0.41

MSCI AC Pac. 155 -0.20 -0.13

Value % Change

USD/INR 71.4 -0.06

EURO/USD 1.144 0.08

USD/GBP 1.310 0.22

USD/JPY 109.3 -0.09

Value % Chg bps

IND10 Yr Bond Yield 7.32 -0.01

Value %

RJ/CRB Index 179.2 0.00

Gold ($ / Oz) 1312.5 0.28

Silver ($ / Oz) 15.9 0.46

Crude Oil WTI 53.3 -0.06

Brent Oil ($ / Barrel) 61.2 0.11

Value $ %

Dr Reddys Labs 37.10 -0.40

HDFC Bank 96.50 -1.69

ICICI Bank 9.70 1.57

Tata Motors 12.33 0.98

Wipro 5.50 0.00

Vedanta Ltd 10.98 1.67

MTNL 0.29 -17.14

Provision for bad loans was at Rs 3,416 crore in Q3, upfrom Rs 3,155 crore in the year ago period. Gross non-performing assets (NPA) ratio stood at 11.01 percent forQ3FY19 compared to 11.31 percent a year ago, and11.78 percent in the September quarter. Net NPA ratiodeclined to 4.26 percent in Q3Fy19 compared to 4.97percent a year ago and 4.86 percent in the Septemberquarter.

Net Interest Margin (NIM) improved to 2.69 percent inQ3FY19 from 2.61 percent in the previous quarter.Domestic advances grew by 21.1 percent YoY to Rs3,52,472 crore. This was led by retail loans which grewby 32.6 percent. It added that fresh slippage was at Rs2,933 crore on account of Rs 1,169 crore slippage ofIL&FS. Adjusting for IL&FS, it said that fresh slippage isat the lowest level since June 2015.

HCL Tech Q3 profit rises 2.8%, constant currencyrevenue up 5.6%; maintains full year guidance

HCL Technologies' third quarter (October-December)profit grew by 2.8 percent sequentially to Rs 2,611crore, beating analysts' estimates.

Revenue in rupee terms increased 5.6 percent qoq to Rs15,699 crore in quarter ended December 2018. Toplinein dollar terms grew by 4.9 percent sequentially to US$2,202 million while the same in constant currencyincreased 5.6 percent QoQ, which was far better than itscompetitors Infosys (4.2 percent), Wipro (2.4 percent)and TCS (1.8 percent).

The growth was driven by services across verticals andgeographies led by Mode-2 services, Mode-3 and Mode-1.

HCL further said Mode 2 crosses US$ 1.5 billion run rate.The robust growth in Mode-2 services was fuelled by allthe components that include digital & analytics, security,IoT and cloud native services. HCL Tech has maintainedits full year constant currency revenue growth guidanceat 9.5-11.5 percent and EBIT margin expansion forecastat 19.5-20.5 percent.

The company added 1 client in $100 million pluscategory, 5 in $20 million plus, 7 clients in $5 millionplus band and 22 clients in $1 million plus categorywhile it lost 2 clients in $50 million plus band and 1 in$10 million plus category QoQ.

GLOBAL INDICES

EXCHANGE RATES

COMMODITIES

INTEREST RATES

ADR

PRIVATE CLIENT GROUP [PCG]

“THE DAILY”

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At operating level, EBIT (earnings before interest and tax) grew by 4 percent sequentially to Rs3,086 crore in Q3, but margin contracted to 19.65 percent against 19.95 percent in Septemberquarter.

Axis Bank Q3 profit jumps 131% to Rs 1,681 crore on a low base, asset qualityimproves

Axis Bank reported 131 percent jump in its Q3 FY19 net profit at Rs 1,681 crore, beating marketestimates.

Net interest income (NII) was up 18 percent at Rs 5603.6 crore versus Rs 4,732 crore inQ3FY18.

Gross NPA was down at 5.75% against 5.94%, while net NPA was down at 2.36% versus2.54%, QoQ. In the absolute term gross NPA was down at Rs 30,854.7 crore, while net NPAalso down at Rs 12,233.3 crore.

Provisions for the quarter stood at Rs 3,054.5 crore against Rs 2,927.4 crore, QoQ and versusRs 2,811 crore, YoY. The provision coverage ratio of the bank has sequentially improved to 75percent from 73 percent.

Net interest margin was at 3.47% against 3.36%, QoQ. Gross slippages stood at Rs 3746 crore,while 98 percent of corporate slippages came from the BB and below pool. Domestic loangrowth was at 18 percent, while retail loan book grew 20 percent, YoY.

Apar Industries Q3 FY19 results

Net Profit falls 12.2 percent to Rs 35 crore vs. Rs 40 crore; revenue increases 41.4 percent toRs 2,119 crore vs. Rs 1,498.9 crore YoY.

Granules posts 72% yoy surge in PAT

Net Profit jumps 72.3 percent to Rs 60 crore vs. Rs 35 crore; revenue surges 53.8 percent to Rs631.8 crore vs. Rs 410.7 crore YoY.

KEC International Q3 and 9M FY19 results

Net Profit remained almost flat to Rs 112.4 crore; revenue increases 10.1 percent to Rs 2,646.6crore vs. Rs 2,404.7 crore YoY. EBITDA margin expanded 40bps to 10.6%. Company won worthRs 2105cr new orders in Q3 FY19.

Revenues for 9M FY19 grew 11.4% to Rs 7159cr. EBITDA margin increased 60bps to 10.5%.Though operating performance remains strong, higher interest expenses led to just 12.5%increase in PAT. Company posted 12.5% growth to Rs 297cr. KEC has Rs 20592cr order book ason Dec-18 and L1 of ~Rs 1900cr.

Bajaj Finance Q3 profit jumps 48% to Rs 1,023 cr despite sharp rise in provisions

Bajaj Finance's third quarter (October-December) standalone profit surged 48 percent yoy to Rs1,022.7 crore despite steep increase in provisions, driven by strong net interest income.

Standalone net interest income in Q3 grew by 42 percent to Rs 3,094 crore and asset undermanagement increased by 26 percent to Rs 96,248 crore during the quarter YoY.

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Revenue from operations during the quarter jumped 39 percent to Rs 4,665 crore compared toyear-ago.

Asset quality deteriorated for the quarter ended December 2018. Gross non-performing assets(NPA) as a percentage of gross advances were higher at 1.55 percent against 1.49 percent inprevious quarter. Net NPA, too, were higher at 0.62 percent in Q3 against 0.53 percent inQ2FY19.

Total slippages at the end of December quarter stood at Rs 715 crore, increased by 48 percentcompared to Rs 483 crore at the end of September 2018. Bajaj Finance has reported highestever quarterly consolidated profit at Rs 1,059.6 crore in Q3, a growth of 54 percent over Rs 690crore reported in same period previous year.

The consolidated results include its wholly owned subsidiaries viz. Bajaj Housing Finance andBajaj Financial Securities.

The company reported highest ever growth in consolidated assets under management at 41percent YoY, driven by consumer, mortgage, SMME and rural portfolio. The AUM was at Rs 1.09lakh crore for the quarter.Customer base remained strong at 3.26 crore, a growth of 31.3percent YoY and 8.4 percent QoQ. New loans booked during Q3 increased by 49 percent YoYand 29 percent QoQ to 67.7 lakh.

Bajaj Finserv Q3 net profit up 16% at Rs 851 cr

Bajaj Finserv reported 16 percent increase in its consolidated net profit to Rs 851 crore.Total income in the three-months to December 2018 rose 39 percent to Rs 11,142 crore asagainst Rs 8,005 crore reported in the year-ago period.

Bajaj Finserv Limited (BFS) is the holding company for the various financial services businessesunder the Bajaj group.

It has 54.99 percent holding in Bajaj Finance Limited (BFL), while in the insurance business ithas 74 percent holding in two unlisted subsidiaries, Bajaj Allianz General Insurance CompanyLimited (BAGIC) and Bajaj Allianz Life Insurance Company Limited.

"This quarter witnessed a situation of volatile interest rates, widening credit spreads andunusually tight liquidity conditions for NBFCs and HFCs in the aftermath of a default by a largefinancial institution. Notwithstanding this, BFL produced its best ever quarterly profit after tax,recording 41 percent year-on-year growth in its assets under management," it said.

BAGIC and BALIC recorded strong growth in premiums. However, their profit after tax wasadversely affected, mainly due to provision for impairment of an investment, Bajaj Finserv said.

Mahanagar Gas (MGL) posts Rs 148cr PAT for the quarter

Net Profit rises to Rs 148 crore vs. Rs 124 crore; revenue increases to Rs 824 crore vs. Rs 638crore YoY. Board declared an interim dividend of Rs 9.5 per share (i.e. 95 percent) for FY19.

Crompton Consumer Q3 FY19 results

Net Profit rises to Rs 79.7 crore vs. Rs 69.5 crore; revenue increases to Rs 1,030.3 crore vs. Rs938.2 crore YoY.

PRIVATE CLIENT GROUP [PCG]

“THE DAILY”

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Bajaj Auto net seen up 10% to Rs 1045cr

Company may post 16% yoy increase in revenues to Rs 7417cr. Volumes have increasedaround 25% for the quarter. EBITDA margin may dip 280bps yoy to 16.5%.

IOC net loss seen at Rs 3425cr

Revenue is expected to increase 7% to Rs 1.17 lakh cr. It may post loss of Rs 3425cr.

ICICI Bank PAT seen up 10% to Rs 1812cr

NII may increase 21% yoy to Rs 6888cr. PAT is expected to rise 10% to Rs 1812cr. NIM maysee marginal improvement. Watchlist loans will decline qoq and coverage ratio may improve.

NTPC PAT seen up 15% to Rs 2725cr

Revenues may increase 12% yoy to Rs 23240cr. PAT may see 15% growth to Rs 2725cr.

NCLT dismisses Ruias' proposal to settle Essar debt

India’s dedicated insolvency court on Tuesday rejected the offer by Essar Steel promoters topay off the company’s outstanding debt and extricate the alloy-maker from bankruptcyadministration. It said that there was no irregularity in the lenders’ decision to accept the rivalbid by ArcelorMittal.

Essar’s promoters, the Ruias, had offered to pay Rs 54,389 crore to settle the matter outsidethe ambit of the Insolvency and Bankruptcy Code (IBC) as it wanted to “redeem the debt”.

The CoC, led by State Bank of India, had in October last year approved the Arcelor-Mittal planthat envisaged paying Rs 42,000 crore to the lenders.

Mixed Close For Wall Street As Tech Tumble Shaves Dow Gains

Key U.S. Indices closed mixed as weakness in technology stocks shaved gains in the Dow,amidst a slew of corporate earnings and economic data that will come in after the shutdownwas lifted.

The Dow Jones Industrial Average gained 52 points or 0.21% to close at 24,580.

The S&P 500 lost 4 points or 0.15% to settle at 2,640.

The Nasdaq Composite slumped 57 points or 0.81% to 7,028.

What happened?

Nasdaq was dragged lower by ongoing weakness in semiconductor stocks in the wake ofNvidia's downbeat quarterly results released Monday.Nvidia fell 4.6%, Applied Materials fell 1.29% and Advanced Micro Devices fell 4.6%.

3M rose 2% after reporting fourth-quarter results that topped estimates, though soft full-yearearnings per share guidance kept a lid on gains in the stock. The company lowered its full-year2019.

PRIVATE CLIENT GROUP [PCG]

“THE DAILY”

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Elsewhere a slump in Harley-Davidson overshadowed gains in Whirlpool, pressuring theconsumer discretionary sector down 0.8%.

Whirlpool rose 9.6% as its fourth-quarter earnings topped expectations, but revenue fell shortas sales declined in Latin America and the company’s Europe, Middle East and Africa segment.

Huawei charged by Justice department

Souring sentiment on trade also weighed on stocks after the Justice Department filed chargesagainst China's Huawei, a day ahead of a second round of trade talks between the two nations.

Treasury Secretary Steven Mnuchin attempted, however, to quell investor fears, saying thecriminal charges filed against Huawei will not be part of the trade talks.

Economic data

Economic data offered little optimism as U.S. consumer confidence dropped to an 18-month lowin January, weighed down by the government shutdown and volatility in markets.

The Federal Reserve of Chicago’s national activity index rose to 0.27 in December, up from 0.21in November.

Growth in Texas manufacturing activity accelerating in January, according to the FederalReserve Bank of Dallas. Its monthly manufacturing index rose from 7.3 to 14.5.

An eventful week ahead

A fourth of the S&P 500 companies, 126 to be precise, report this week.

The U.S. Federal Reserve will convene a two-day meeting on Tuesday, with no change in keyinterest rates expected. Attention is instead likely to focus on a news conference afterward withFed Chairman Jerome Powell for any clues on future policy.

Trade will also be in the spotlight with talks aimed at resolving the impasse over Chinesetechnology ambitions and other issues expected to restart in Washington later in the week,headed up by U.S. Trade Representative Robert Lighthizer and Chinese Vice Premier Liu He.

Fear of another Government shutdown

Fears of another shutdown have re-surfaced as Trump, in an interview with The Wall StreetJournal, said he placed a 50-50 chance of a deal over border-wall funding being reached by anewly created board of 17 before the next government-funding deadline.

Other markets

Stocks in Asia finished mixed, with the Nikkei 225 closing down 0.6% and Hong Kong’s HangSeng Index ending flat.

European Indices closed higher led by a 1.29% jump in the FTSE 100. The German Dax and theAll Europe Stoxx 600 also rallied 0.80% each.

PRIVATE CLIENT GROUP [PCG]

“THE DAILY”

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The British pound fell ahead of a series of Brexit-related votes in the U.K. parliament that coulddelay or even cancel the country’s exit from the European Union.

Crude Surges On Sanctions on Venezuela

U.S. imposed sanctions on Venezuelan state-owned oil firm PDVSA. The sanctions could curbthe country's crude exports at a time when many fear a glut in global supplies will keep a lid onoil prices.

West Texas Intermediate crude for March delivery added $1.32, or 2.5%, to settle at $53.31 abarrel.

March Brent crude rose $1.39, or 2.3%, to $61.32 a barrel.

Venezuela has the world’s biggest proven oil reserves but production has fallen from 1.7 millionbarrels per day to around 1 mbpd. U.S. is the largest buyer of Venezuelan crude.

PRIVATE CLIENT GROUP [PCG]

“THE DAILY”

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NOTE: ALL TRADING RECOMMENDATIONS GIVEN BY PCG TEAM ARE ON REAL TIMEBASIS. A TRADING RECOMMENDATION SHOULD BE CONSIDERED CLOSED ORSQUARED OFF AS AND WHEN A STOPLOSS OR TARGET IS TOUCHED IN INTRADAYTRADING. DO NOT WAIT FOR TARGET ACHIEVED OR STOPLOSS MESSAGE TO CLOSETHE POSITIONS. REFER JAMMOON FOR TIMELY ENTRY AND EXIT FROMRECOMMENDATIONS.

DATA & EVENTS

OPEN TRADING CALLS

Date Script Name Fund NameBuy/Sell

Quantity Value

(Rs.Cr.)

NSE

29/01/19Persistent Systems Ltd

SAIF INDIA IV FII HOLDINGS LIMITED

SELL 683000 39.6

BSE

N.A. N.A. N.A. N.A. N.A. N.A.

* Bulk deals of only more than Rs.25 Cr are taken into consideration

BULK DEALS*

No. Reco Date Company Name Reco Cost SL Target

1 25-01-2019 HINDPETRO (EMARGIN CALL) BUY 247.75-240 234 270

PRIVATE CLIENT GROUP [PCG]

“THE DAILY”

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DATA & EVENTS

DATE COUNTRY EVENT PERIOD FORECAST PREVIOUS

30 Jan 19 US GDP Annualized (QoQ%) 4Q A 2.5 3.4

30 Jan 19 US Core PCE (QoQ%) 4Q A N.A. 1.6

TODAY’S EVENTS

DATE COUNTRY EVENT PERIOD FORECAST PREVIOUS ACTUAL

N.A. N.A. N.A. N.A. N.A. N.A. N.A.

YESTERDAY’S EVENTS

RESULT CALENDAR-BSE500

DATE COMPANY DATE COMPANY DATE COMPANY

30-Jan AJANTPHARM 31-Jan BHARTIARTL 1-Jan ELGIEQUIP

ASHOKA CHAMBLFERT EQUITAS

BAJAJ-AUTO DABUR GALAXYSURF

BAJAJHLDNG DENABANK GICHSGFIN

BEL ECLERX JAGRAN

BLUEDART EMAMILTD JUBILANT

CASTROLIND GUJALKALI KALPATPOWR

CHOLAFIN HEROMOTOCO MONSANTO

EIHOTEL HSIL NOCIL

GPPL IBULHSGFIN RAJESHEXPO

HERITGFOOD IFBIND SBIN

HEXAWARE JAMNAAUTO SFL

ICICIBANK LAURUSLABS SUNDRMFAST

IOC MAGMA THOMASCOOK

JSLHISAR NH TITAN

JSWENERGY NMDC 2-Jan BEML

JUBLFOOD PETRONET CENTRALBK

KIOCL POWERGRID DIVISLAB

LICHSGFIN SOLARINDS FLFL

MAHLOG UPL GODFRYPHLP

MHRIL VEDL INDOSTAR

NTPC VGUARD JINDALSTEL

RATNAMANI 1-Jan AKZOINDIA JKCEMENT

SIS BERGEPAINT MOIL

TATACOMM CARBORUNIV NAVKARCORP

TORNTPHARM DEEPAKNTR PARAGMILK

VINATIORGA DRREDDY RELAXO

31-Jan AEGISCHEM EIDPARRY SYNDIBANK

PRIVATE CLIENT GROUP [PCG]

“THE DAILY”

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DATA & EVENTS

COMPANY Q2FY19 YOY (%) QOQ (%)

Sales (Rs Cr)

NP (Rs Cr)

Sales NP Sales NP

Kansai Nerolac Paints Ltd 1343.6 112.7 17.9 -9.9 4.5 -7.6

Info Edge (India) Ltd 281.1 7.3 23.7 -86.4 6.1 -90.7

The Ramco Cements Ltd 1206.5 101.1 15.2 -17.7 5.7 -11.7

Bajaj Finance Ltd 4974.7 1059.6 47.6 53.6 16.9 14.7

Godrej Consumer Products Ltd 2721.9 423.5 3.5 -1.5 3.0 -26.7

WABCO India Ltd 653.2 59.8 6.1 -6.3 -1.6 -37.4

Electrosteel Castings Ltd 641.0 28.3 25.3 38.9 13.8 -126.2

Cera Sanitaryware Ltd 318.8 28.4 9.6 22.9 -3.7 0.8

Oriental Bank of Commerce 4561.8 145.0 7.0 -107.3 6.3 42.5

Himadri Speciality Chemical Ltd 586.7 84.4 17.3 20.3 -2.5 13.8

Hester Biosciences Ltd 41.6 11.8 30.3 82.0 0.5 19.1

Panasonic Carbon India Company Ltd 10.9 2.9 -1.7 -18.1 -3.6 -7.1

Milkfood Ltd 143.0 2.9 0.7 -21.9 44.0 4.0

ERIS Lifesciences Ltd 252.4 80.2 20.8 7.0 -3.1 -6.0

Strides Pharma Science Ltd 794.5 296.4 6.1 236.4 8.4 -3507.2

Granules India Ltd 631.8 60.3 53.8 72.2 8.8 0.1

PL: Profit to Loss, LP: Loss to Profit, LL: Loss to Loss

RESULTS ANNOUNCED DURING MARKET HOURS

PRIVATE CLIENT GROUP [PCG]

“THE DAILY”

12

DATA & EVENTS

RESULTS ANNOUNCED AFTER MARKET HOURS

COMPANY Q2FY19 YOY (%) QOQ (%)

Sales (Rs Cr)

NP (Rs Cr)

Sales NP Sales NP

Axis Bank Ltd 14129.7 1680.9 20.5 131.4 6.4 112.9Johnson Controls-Hitachi Air Condition. India Ltd 434.9 -7.6 15.2 325.8 25.4 -1646.9

Hawkins Cooker Ltd 174.7 12.5 25.5 -0.2 1.2 -29.2

Bajaj Finserv Ltd 11141.1 850.5 45.3 16.4 14.9 20.8

Subex Ltd 82.3 2.1 -4.8 -42.9 -6.6 -67.4

Ramco Industries Ltd 181.3 10.8 0.0 -8.1 0.0 -59.1

Eimco Elecon (India) Ltd 37.6 7.3 6.6 26.2 -32.5 65.5

Auro Laboratories Ltd 12.3 1.4 0.0 3.0 -2.2 72.5

HCL Technologies Ltd 15699.0 2605.0 22.6 25.5 5.6 2.8Kingfa Science & Technology (India) Ltd 163.4 5.3 -0.4 -35.0 -12.7 962.0

Lloyds Steels Industries Ltd 35.8 0.7 -4.5 3150.0 86.8 -9.7

DCM Shriram Ltd 2115.2 224.9 24.4 5.4 24.8 33.3

Apcotex Industries Ltd 164.1 10.0 19.0 -23.2 2.5 -1.3

Rudra Global Infra Products Ltd 134.2 0.9 33.7 -71.9 -16.8 -80.3

Kalyani Forge Ltd 72.2 1.9 13.1 143.0 -7.7 -17.2

Intense Technologies Ltd 15.2 3.0 59.1 -352.1 6.5 19.9

K E C International Ltd 2646.6 112.4 10.1 0.5 9.9 14.9

Granules India Ltd 631.8 60.3 53.8 72.2 8.8 0.1

Pokarna Ltd 119.6 26.0 36.1 91.0 8.4 31.9

Shetron Ltd 34.7 0.1 -14.6 -52.9 -22.0 -92.3

PL: Profit to Loss, LP: Loss to Profit, LL: Loss to Loss

PRIVATE CLIENT GROUP [PCG]

“THE DAILY”

13

SUPPORT - RESISTANCE

LIST OF NIFTY STOCKS

COMPANY CLOSE R2 R1 PIVOT S1 S2

NIFTY 50 10652 10749 10700 10642 10594 10535

ADANIPORTS 346 370 358 343 331 316

ASIANPAINT 1392 1415 1404 1388 1377 1362

AXISBANK 669 685 677 663 656 642

BAJAJ-AUTO 2568 2637 2603 2563 2528 2488

BAJAJFINSV 6295 6524 6410 6180 6066 5836

BAJFINANCE 2568 2702 2635 2503 2436 2305

BHARTIARTL 307 314 311 306 303 298

BPCL 345 359 352 346 339 334

CIPLA 501 521 511 497 487 474

COALINDIA 223 228 226 223 221 219

DRREDDY 2660 2730 2695 2649 2614 2568

EICHERMOT 18825 20408 19617 19208 18417 18008

GAIL 324 336 330 325 319 313

GRASIM 736 755 746 734 724 712

HCLTECH 990 1016 1003 982 969 948

HDFC 1929 1981 1955 1924 1898 1867

HDFCBANK 2059 2095 2077 2065 2047 2035

HEROMOTOCO 2623 2701 2662 2618 2579 2536

HINDALCO 200 203 201 199 198 196

HINDPETRO 236 246 241 238 233 229

HINDUNILVR 1758 1787 1773 1749 1735 1712

IBULHSGFIN 722 807 764 707 664 607

ICICIBANK 350 356 353 347 344 338

INDUSINDBK 1462 1489 1475 1453 1440 1417

INFRATEL 298 309 303 293 288 278

INFY 730 743 736 726 720 710

IOC 137 141 139 138 136 135

ITC 278 282 280 277 276 273

JSWSTEEL 271 278 275 270 267 262

KOTAKBANK 1252 1283 1267 1258 1242 1233

LT 1281 1327 1304 1286 1263 1245

M&M 671 685 678 670 662 654

MARUTI 6520 6701 6610 6529 6439 6357

NTPC 139 141 140 139 138 137

ONGC 141 145 143 142 139 138

POWERGRID 185 190 188 186 183 181

RELIANCE 1215 1246 1231 1216 1200 1186

SBIN 281 291 286 281 277 272

SUNPHARMA 422 436 429 418 411 399

TATAMOTORS 174 177 176 173 172 169

TATASTEEL 445 457 451 446 440 435

TCS 1983 2022 2003 1970 1950 1917

TECHM 734 753 743 732 722 711

TITAN 966 985 976 960 951 935

ULTRACEMCO 3420 3573 3497 3433 3357 3293

UPL 762 779 771 759 750 739

VEDL 193 196 195 192 190 188

WIPRO 359 365 362 358 355 350

YESBANK 206 217 211 204 198 190

ZEEL 379 403 391 377 365 351

PRIVATE CLIENT GROUP [PCG]

“THE DAILY”

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PCG TEAM

Name DESIGNATION EMAIL ID

Mr. Vinod Sharma Head, PCG & Market Strategy vinod.sharma@hdfcsec.com

Mr. Devarsh Vakil Head, Advisory devarsh.vakil@hdfcsec.com

Mr. Nandish Shah Derivative Analyst nandish.shah@hdfcsec.com

Mr. Vinay Rajani Technical Analyst vinay.rajani@hdfcsec.com

Mr. Kushal Rughani Fundamental Analyst kushal.rughani@hdfcsec.com

Ms. Kinnari Patel Junior Analyst kinnari.patel@hdfcsec.com

Ms. Nisha Sankhala Junior Analyst nishaben.shankhala@hdfcsec.com

Mr. Dilip Parmar Currency Analyst dilip.parmar@hdfcsec.com

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