THE DAILY

Date: 07 August 2020

The Daily Viewpoint

Page 2

DOMESTIC INDICES

Close Points % Change

SENSEX 38025 362 0.96

NIFTY 11200 99 0.89

MIDCAP 14017 107 0.77

SMALL CAP 13562 133 0.99

SECTORAL INDICES

Close Points % Change

IT 18374 398 2.21

TECK 8888 154 1.76

CD 22459 272 1.22

METAL 8377 97 1.18

REALTY 1610 18 1.15

Healthcare 18821 210 1.13

Finance 5044 44 0.88

BANKEX 24603 173 0.71

OIL & GAS 13190 65 0.50

AUTO 16972 12 0.07

POWER 1529 -1 -0.09

CG 12913 -38 -0.29

BSE 200 GAINERS/LOSERS

GAINERS % LOSERS %

ASTRAL 11.71 MUTHOOTFIN -5.38

TATACONSUM 8.28 BATAINDIA -4.18

HINDZINC 7.72 ADANIGAS -3.63

PIIND 7.37 BANDHANBNK -3.57

AUROPHARMA 5.68 NATCOPHARM -3.05

ADVANCE/DECLINES

BSE %

ADVANCES 1579 56

DECLINES 1079 38

UNCHANGED 172 6

INSTITUTIONAL ACTIVITY

Rs Cr 06/08/20 05/08/20 August Total

FII 637 -60 8140 (prov.)

MF -468 -426 -1253 (prov.)

Markets could open flat despite mildly negative Asian marketsand US indices that closed higher on Thursday …

Indian markets could open flat despite mildly negative Asianmarkets today and US indices that closed higher on Thursday.

U.S. stocks extended their winning streak Thursday, as lawmakerspledged to keep working on another coronavirus financial-aidpackage and President Donald Trump said he could issueexecutive orders on some relief measures. The NasdaqComposite Index on Thursday marked its fastest 1,000-point rally(40 days) to a new round-number milestone in 20 years.

Slightly better-than-expected weekly U.S. jobless benefit claimsdata may also have eased investors’ concerns about the recentimpact of a resurgence of the COVID-19 pandemic on theeconomy. The number of Americans filing for jobless benefits forthe week ended Aug. 1 fell to a three-week low of 1.186 million, adecline of 249,000 from the previous week’s reading of 1.435million. A separate report showed a 54% surge in job cutsannounced by employers in July.

Stocks also received a boost Thursday afternoon, after the StateDepartment, in coordination with the Centers for Disease Controland Prevention, said it was lifting its global advisory againstinternational travel for Americans that has been in place sinceMarch because of the COVID-19 pandemic.

Meanwhile, signs of growing China-U.S. tensions were evident asSecretary of State Mike Pompeo asked American companies toconsider withholding their apps from phones made by China’sHuawei Technologies, according to analysts. A high-powered U.S.panel recommended tightening the disclosure requirements forChinese companies listed on American exchanges, amidheightened tensions between the two nations.

India’s RBI kept interest rates on hold on Thursday as it sought tocontain a rise in retail inflation, though it vowed to keep policysufficiently loose to help revive growth in the coronavirus-battered economy. The Bank of England left its benchmarkinterest rate at a record low of 0.1 per cent amid caution abouthow rapidly the United Kingdom will recover from the COVID-19pandemic.

Stocks in Asia Pacific mostly traded lower Friday morning asinvestors await several economic data releases for July.

Indian equity benchmark indices closed higher on Aug 06, theweekly options expiry session. The NSE Nifty 50 index closed0.89% higher at 11,200.

Nifty is once again within striking distance of the near term highof 11341 and it will be interesting to watch as to how easily itmanages to break that.

The Daily Viewpoint

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GLOBAL INDICESRBI Policy UpdateWhile many believed it would be a growth-inflation conundrumfor the Reserve Bank of India's monetary policy committee(MPC), the central bank chose inflation as its priority and keptthe key lending rates unchanged at 4 percent.

MPC projected retail inflation to remain elevated in Q2.However, it added that a more favourable food inflationoutlook might emerge on good farm produce. RBI said that thereal GDP growth of the country may remain in a negative zonein the first half and overall FY21.

The RBI announced providing a window under the PrudentialFramework to enable the lenders to implement a resolutionplan in respect of eligible corporate exposures without achange in ownership, and personal loans, while classifying suchexposures as Standard subject to specified conditions.

RBI allowed an increase in the permissible loan to value ratio(LTV) for loans against pledge of gold ornaments and jewelleryfor non-agricultural purposes from 75 percent to 90 percent.This relaxation shall be available until March 31, 2021.

RBI said it will provide an additional standing liquidity facility(ASLF) of Rs 5,000 crore to NHB – over and above Rs 10,000crore already provided – for supporting housing financecompanies (HFCs). The facility will be for a period of one yearand will be charged at the RBI’s repo rate.

Besides, RBI will provide an additional special liquidity facility(ASLF) of Rs 5,000 crore to NABARD for a period of one year atthe RBI’s policy repo rate for refinancing NBFC-MFIs and othersmaller NBFCs of asset size of Rs 500 crore and less to supportagriculture and allied activities and the rural non-farm sector.

Jubilant FoodWorks enters the FMCG spaceJubilant FoodWorks Limited announced its entry into the ready-to-cook sauces, gravies, and pastes market capitalizing on thegrowing home-cooking trend in India. A range of Chinese andIndian sauces and mixes will be sold under the ChefBoss brandstarting with Amazon nationally, Flipkart Supermart in the NCR,Mumbai and Bangalore areas, and Milkbasket (NCR). The brandwill expand product availability by adding more e-commerceplatforms as well as retailing through supermarkets andhypermarkets. Jubilant FoodWorks estimates the packagedready-to-cook market for such products at Rs 500 crore. Morerecently, covid induced lockdowns have prompted householdsto look for variety and convenient cooking formats as theyrustle up more dishes at home. The 'ChefBoss' range of saucesand pastes includes eight different products across twocuisines—Indian and Chinese. The range includes HyderabadiBiryani paste, Lucknowi Biryani paste, Makhani gravy andBhuna gravy, apart from Chinese mixes such as Manchurian andSchezwan cooking sauces, a hot garlic cooking sauce and aHoney Chilli stir fry sauce as well as dip. The products will bepriced between Rs 75 to Rs 100 per pack. This venture opens anew avenue of growth and diversification for the company.

EXCHANGE RATES

Value % Change

USD/INR 74.9 0.20

EURO/USD 1.185 -0.19

USD/GBP 1.312 -0.19

USD/JPY 105.6 0.02

COMMODITIES

Value %

Gold ($ / Oz) 2066.0 0.37

Silver ($ / Oz) 29.0 2.08

Crude Oil Futures 41.9 -0.07

Brent Oil ($ / Barrel) 45.1 -0.09

BOND YIELD

Value % Chg bps

IND10 Yr Bond Yield 5.86 +4

ADR

Value $ %

Dr Reddys Labs 61.2 -0.23

HDFC Bank 46.3 -0.22

ICICI Bank 9.6 1.37

Tata Motors 7.9 0.38

Wipro 4.29 0.70

Vedanta Ltd 6.56 1.08

INFOSYS 12.83 1.42

Close Points % Chg

DOW JONES 27387 185.46 0.68

S & P 500 3349 21.39 0.64

NASDAQ 11108 109.67 1.00

FTSE 6027 -77.78 -1.27

CAC 4885 -48.21 -0.98

DAX 12592 -68.57 -0.54

NIKKEI 225 22279 -139.65 -0.62

SHANGHAI COMP. 3343 -43.12 -1.27

HANG SENG 24583 -348.08 -1.40

BOVESPA 104126 1323.88 1.29

The Daily Viewpoint

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Wipro Ltd announces collaboration with Intel to enable Wipro's LIVE WorkspaceWipro plans to join forces with Intel to enable Wipro's LIVE Workspace, the company's digital workspace solution withthe Intel vProplatform. This joint collaboration will help customers drive business continuity by enabling remote ITsupport and solutions, to keep employees productive amid social distancing boundaries and other remote-worklimitations.

Welspun Corp Limited to list Welspun Middle East Pipes in local stock exchangeBoard has approved listing of Welspun Middle East Pipes in the local stock exchange at Saudi Arabia. The process oflisting would involve divestment of 15% (at maximum) of the total issued shares of WMEPL, held by Welspun Corpthrough its overseas subsidiary, at a consideration exceeding $30 million along with proportionate shares to be divestedby the local partners. Post the proposed listing, the shareholding of the Company in WMEPL would not fall below 35%from its existing shareholding of 50.01%.

Total and Adani group to apply for petrol pump licence in IndiaA newly formed joint venture of French supermajor Total and an Adani group firm will soon apply to the government forpermission to open petrol pumps in India. Total-Adani Fuels Marketing Ltd will apply for licences to offer the fullbouquet of auto fuels at retail outlets.

Lupin signed exclusive distribution pact with ForDoz Pharma for 2 complex injectable assetsLupin announced that its US based wholly-owned subsidiary Lupin Inc. has entered into an agreement with ForDozPharma Corp (ForDoz) for granting Lupin the exclusive rights to market and distribute 2 complex injectable assets inadvanced stages of development in the US and its territories. The two assets are in Oncology and Anti-infectivetherapeutic areas which when approved, will provide affordable alternatives to patients and healthcare professionals.The assets will be manufactured in ForDoz’s U.S. based manufacturing site and ForDoz will be responsible for thedevelopment, and obtaining the necessary regulatory approvals. Lupin shall leverage its existing commercialinfrastructure for marketing and distribution of the two assets.

Alembic Pharma raised Rs. 750cr via QIP issueAlembic Pharma raised Rs 750 crore through a qualified institutional placement (QIP), with the issue drawing investorssuch as Tata Mutual Fund, HDFC Life, Sundaram, Bajaj Life and Nippon India Mutual Fund.

Company issued shares at Rs 932 per share to institutional investors. According to sources, out of Rs.750 crore, aboutRs.400 crore will be used for debt repayment, while the remaining will be used for expanding API, injectablemanufacturing facilities.

Minda Industries to consider rights issue ratio and price on Aug 11Company board is scheduled to meet on Aug 11, 2020 to consider, discuss and decide,inter alia various matters in connection with the rights issue including the terms and conditions such as Issue price,rights entitlement ratio, record date, timing of the Rights Issue and other related matters. Earlier in Jun-2020, thecompany approved fund raising of Rs 250cr by rights issue.

Transport sector likely to contract by 18-20 per cent in FY21: Rating agency IcraThe domestic road transport sector is likely to contract by up to 20 per cent on account of COVID-19 pandemic-inducedchallenges, rating agency Icra said. It has also revised the outlook on the logistics sector from 'Stable' to 'Negative', giventhe prevailing circumstances and its impact on the industry metrics.

ICRA expects two-wheeler sales to decline 16-18 per cent in FY21Ratings agency ICRA revised downwards sales forecast for two-wheelers in India, expecting it to decline by 16-18 percent to around 1.7 crore units in FY2021. ICRA had earlier said that two-wheeler (2W) sales could decline by 11-13 percent in the current fiscal. In a statement, the rating agency attributed the revision in sales forecast to "overallmacroeconomic scenario, the COVID-19 demand-supply disruptions, looming income uncertainties and increased cost ofownership of BS-VI vehicles". The aggregate capacity utilisation levels for the industry sample is expected to decline to55-60 per cent from around 70 per cent, it added.

Concor helps to Kisan Rail to begin servicesThe railways will begin its Kisan Rail services to transport perishables from August 7. The Ministry of Railways isintroducing the first Kisan Rail from Devlali to Danapur on August 7 at 11 am on a weekly basis.

The Daily Viewpoint

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The Kisan Rail has been provided scheduled halts at Nasik Road, Manmad, Jalgaon, Bhusaval, Burhanpur, Khandwa,Itarsi, Jabalpur, Satna, Katni, Manikpur, Prayagraj Chheoki, Pt. Deendayal Upadhyay Nagar and Buxar.A pilot project under the Kisan Vision Project developed by Container Corporation of India Limited (CONCOR) through aCSR (Corporate Social Responsibility) initiative.

BHEL Tenders Power Conditioning Units for NTPC’s 20 MW Solar Project in GujaratBharat Heavy Electricals Limited (BHEL) has floated a tender for 5 MW of power conditioning units (PCU) for NTPCLimited’s 20 MW solar project in Gandhar, Gujarat. The last date for submission of quotes is August 17, 2020.

Cera Sanitaryware to close its Dubai arm operationsDue to unviable business conditions in the Gulf Countries, the Board of Directors Cera Sanitaryware has decided todiscontinue the business operations of its Dubai arm Cera Sanitaryware Trading LLC due to unviable business conditionsin the Gulf Countries.

Lupin Q1FY21 result updateLupin reported 9% yoy decline in revenues due to weak performance from US business. US revenues dipped 21% yoywhile domestic business declined 2% for the quarter. API revenues grew around 25% yoy at Rs 409cr. Company spent Rs358cr on R&D for the quarter. EBITDA declined 35% yoy due to lower gross margin. PAT for the quarter slipped 60% yoydue to decline in revenues, lower operating margin and higher tax expenses.

Company filed 4 ANDAs during the quarter and received 4 ANDA approvals from the US FDA. The Company launched 2products during the quarter and now has 175 products in the US generics market.

Blue Star Q1FY21 result updateRevenue of the company declined by 60% y-o-y to Rs.626.02 cr in Q1FY21. The net profit of the company has posteddegrowth of 126% y-o-y to Rs.-19.66 cr.Revenue of Electro-Mechanical Projects and Commercial Air Conditioning Systems segment has posted 50% y-o-ydegrowth to Rs.312 cr and EBIT of this segment posted a loss from profit y-o-y to Rs.-11 cr.

Revenue of The Unitary Products segment has posted 70% y-o-y degrowth to Rs.275 cr and EBIT of this segment posteda loss from profit y-o-y to Rs.-4 cr.

Revenue of Professional Electronics and Industrial Systems segment has posted 13% y-o-y degrowth to Rs.39 cr and EBITof this segment grows by 130% y-o-y to Rs.10 cr.

Whirlpool of India Q1FY21 result updateRevenue of the company declined by 48% y-o-y to Rs.1027 cr in Q1FY21. EBIDTA of the company has registereddegrowth of 85% y-o-y to Rs.47 cr compared to Rs.302 cr in previous years the same quarter. The net profit of thecompany has posted degrowth of 92% y-o-y to Rs.15.75 cr.

Dalmia Bharat Q1FY21 result updateRevenue of the company declined by 22% y-o-y to Rs.1974 cr in Q1FY21. Cement sales volume declined by 20% y-o-y to3.66 MnT during this quarter compared with the same period last year. EBIDTA of the company has registered degrowthof 8% y-o-y to Rs.614 cr compared to Rs.666 cr in previous years the same quarter. The net profit of the company hasposted a growth of 24% y-o-y to Rs.188 cr. Also, EBIDTA (Rs./MT) has post growth of 17% y-o-y to Rs.1675/MT.

Hindustan Petroleum Corporation Ltd (HPCL) Q1FY21 results key takeawayHPCL’s Q1FY21 numbers were inline expectation, reported consolidated net profit to Rs 2252.7 crore vs. Rs 877.5 crorein Q1FY20. Consolidated revenue from operation declined 53.4 per cent YoY to Rs 37,782 crore, impacted by slowdownof economic activity due to COVID-19 pandemic, though substantial recovery is seen in June. Other Income in Q1FY21stood at Rs 533.4 crore (including Rs 51.3 crore vs. Rs 185.9 crore in Q1FY20 towards gain on account of foreigncurrency transaction and translatlons).

On physical performance, Crude throughput in Q1FY21 stood at 3.97 MMT vs. 4.54 MMT in Q4FY20 and 3.92 MMT inQ1FY20. Average Gross Refining Margin in the quarter ended June 30, 2020 was US$ 0.04 per bbl vs. US$ 0.75 per bbl inQ4FY20.

The Daily Viewpoint

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Gujarat State Petronet Ltd (GSPL) Q1FY21 results key takeawayGSPL’s Q1FY21 numbers were below expectation, reported standalone net profit declined by 3.3 per cent YoY to Rs199.4 crore, supported by lower finance cost and lower tax expenses in the quarter. Standalone revenue from operationwas down by 9.4 per cent YoY to Rs 464.3 crore, Company has seen marginal impact on gas transmission due tooutbreak of COVID 19.

On physical performance, transmission volume in GSPL network declined to 33.25 MMSCMD in Q1FY21 vs. 36.78MMSCMD in Q4FY20 and 38.20 MMSCMD in Q1FY20. Volume contribution in Q1FY21 from, CGD decline to 14 per centvs.30 per cent in Q4FY20, Fertiliser was down to 8 per cent vs. 10 per cent in Q4FY20, while volume contribution fromRefinery and Petchem increased to 34 per cent vs. 29 per cent in Q4FY20 and Power contribution increased to 31 percent vs 15 per cent in Q4FY20. Others contributed 13 per cent in the quarter.

Deepak Nitrite ltd Q1FY21 Results key takeawaysRevenue dropped by 38.4% from Rs 1051cr to Rs 647.5cr, EBITDA also dropped by 28.4% from Rs 253.8cr to Rs 181.6cr,and PAT fell by 24.8% from Rs 131.6cr to Rs 99cr. Segmentally, except for Fine & Specialty Chemicals that rose by 20.6%from Rs 115.9cr to Rs 139.8cr others dropped. Basic chemicals dropped by 32.3% from Rs 225.7cr to Rs 152.96cr, andPerformance products too declined by 73.2% from Rs 225.7cr to Rs 60.6cr. EPS earned was Rs 7.3 per share as against Rs9.7 per share.The COVID 19 pandemic has affected the general health of the overall business.

Deepak Phenolics, a wholly owned subsidiary of the company is expanding its production capacity of Isopropyl Alcoholfrom existing 30,000 TPA to 60,000 TPA.

Pidilite Industries ltd Q1FY21 Results key takeawaysRevenue dropped by 56.5% from Rs 2016.6cr to Rs 877.8cr, with underlying sales volume and mix decline of 58.3%. Thiswas driven by 58.6% decline in sales volume and mix of Consumer & Bazaar and 53.7% decline in sales volume & mix ofB2B. EBITDA also dropped by 85% from Rs 443.7cr to Rs 66.4cr, and PAT fell by 94.6% from Rs 294.4cr to Rs 15.8cr. Q1performance was significantly impacted by continued lockdowns due to the pandemic. The company faced a nearcomplete closure in April 20 with recovery from May 20 onwards (broadly 50% of outlets being open) and June (sawbroadly 80% of outlets open) with recovery seen from July onwards. Geographically, the company's internationalsubsidiaries had faced a hit in the SAARC region more than the rest of the world.EPS earned by the company was Rs 0.5as against Rs 5.8 per share.

Torrent Power ltd Q1FY21 Results key takeawaysRevenue dropped by 19.5% from Rs 3736.1cr to Rs 3007.1cr, however, EBITDA rose by 16.3% from Rs 833.7cr to Rs969.4cr, and PAT too rose by 35.2% from Rs 276.6cr to Rs 373.9cr. Interest cost reduced by 27.39cr due to repayment ofloans and reduction in interest rates. EPS earned was Rs 7.8 per share against Rs 5.7 per share.

Performance of franchised distribution businesses has been impacted, due to COVID 19 pandemic causing (i) reductionin electricity demand mainly in commercial and industrial customer categories and (ii) increase in T & D loss. Increase incontribution from gas-based power plants was due to operationalisation of long term PPA for 278 MWs capacity fromQ2 19-20, which was partially offset by lower contribution from merchant power sales.

Bayer Crop Science ltd Q1FY21 Results key takeawaysRevenue rose by 29.2% from Rs 950.4cr to Rs 1227.8cr, Operating income grew by 61.2% from Rs 201.8cr to Rs 325.3cr,and profitability of the company also saw a growth of 86% from Rs 135.3cr to Rs 251.7cr. Bayer earned Rs 56 per shareagainst Rs 30 per share. Early preparations of Khariff season due to COVID-19 related uncertainties enabled earlyproduct availability. On-time arrival of monsoon and uninterrupted availability of agri-inputs helped farmers procureseeds and crop protection products for timely Kharif sowing which led to a strong demand in Q1, compared to theprevious years.

Cipla Q1 FY21 result previewCipla may report 3.5% yoy increase in revenues at Rs 4121cr. High base in the US business would impact revenues forthe quarter. EBITDA is expected to decline 18% yoy to Rs 738cr. PAT for the quarter may dip 9% at Rs 433cr.

Abbott India Q1 FY21 result previewRevenues may decline 3% yoy at Rs 968cr. EBITDA margin is expected to expand 40bps at 17.8%. Company may report9% rise in net profit at Rs 127cr.

The Daily Viewpoint

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Alkem Labs Q1 FY21 result previewRevenues for the quarter may decline 3.5% yoy at Rs 1781cr. India business is expected to decline around 9% yoy. USrevenues may grow ~18% at around US$ 75mn. EBITDA margin is estimated to expand 120bps at 15.5%. Company mayreport 8% yoy rise in PAT at Rs 199cr.

Mahindra & Mahindra Q1FY21 result previewRevenue of the company is expected to decline by 55% YoY to ~Rs 5,800 crore owing to a similar drop in volumes,though tractor volumes surprised. EBITDA margin is likely to come in at 13%, contract by 100/65bps YoY/QoQ. PATdecline of 66% YoY, -6% QoQ to ~Rs 300 crore. Outlook for tractor business, price hikes on its diesel model rangedue to the emission rollover and broader company strategy with regards to overseas subsidiaries / capital allocation tobe looked for.

Bata India Ltd (Q1FY21), Results PreviewBata India is likely to report 65 per cent YoY sales declined to Rs 309 crore in Q1FY21 and Company could post net loss ofRs 66.9cr vs. net profit of Rs 101cr in Q1FY20 and 38.4 cr in Q4FY20. Management commentary on expansion of e-commerce footprint, re-opening of stores and demand outlook in near to medium term will be key monitorable.

CONCOR Q1FY21 Result previewCompany's revenue expected to fall by 25% to Rs.1249 cr, y-o-y. EBIDTA is expected to post degrowth of 38% y-o-y toRs.292 cr. PAT is expected to post degrowth of 30% y-o-y to Rs.172 cr.

Important news/developments to influence markets The RBI MPC has unanimously voted to maintain the status quo on policy rates. The RBI Governor also announced

stimulus measures, which included additional liquidity of Rs 10,000 crore at repo rate to NABARD and NHB. Amongother measures, the RBI allowed stressed MSME borrowers to restructure debt if their loans were classified as‘standard’ as on 1 March 2020. It also increased the permissible loan to value ratio (LTV) for loans sanctioned againstpledge of gold ornaments and jewellery for non-agricultural purposes from 75 per cent to 90 per cent till 31 March2021.

Foreigners turned net sellers of Japanese equities last week after three straight weeks of purchases. Overseasinvestors were net sellers of stocks worth 727.26 billion yen ($6.90 billion) in the week ended July 31.

The Bank of England announced that its Monetary Policy Committee voted unanimously to leave the interest ratesunchanged at 0.10%. In addition, the committee was united when it came to the extension of the United Kingdomgovernment and corporate bond purchase program at the same level of £745 billion.

The UK IHS Markit/CIPS construction Purchasing Managers’ Index rose to 58.1 in July from 55.3 in June, a sharprebound from April’s record low of 8.2.

US weekly jobless claims hit their lowest level of the pandemic area, totaling 1.186 million last week.

The Daily Viewpoint

Retail ResearchPage 8

Daily View on Nifty

Nifty Intra Timeframe (30 min) Nifty Daily Timeframe

Technical Observation:Markets ended with hefty gains on Thursday after a volatile session that saw the Nifty swinging in both directions. The volatilitycame on the back of the RBI monetary policy event. The Nifty finally gained 98.5 points or 0.89% to close at 11,200.15. Broadmarket indices like the BSE Small Cap index gained more, thereby outperforming the Sensex/Nifty. Market breadth was positiveon the BSE/NSE.

Zooming into the Nifty 30 min charts, we observe that while the Nifty has witnessed a volatile session, the short term uptrendstill remains intact. The healthy recovery from the lows in the last one hour of trade also gives the bulls an upper hand for thenear term.

Technical indicators too continue to give positive signals for the short term as the Nifty continues to trade above the 20-daySMA and the 14-day RSI too is in rising mode. The 20-day SMA also continues to remain above the 50-day SMA, indicating thatthe intermediate trend remains positive (See the daily chart above).

We expect the Nifty to move higher in the coming sessions. The uptrend could accelerate once the immediate highs of 11257are cleared. Crucial supports to watch for any trend reversal are at 11026.

Conclusion:The 1-2 day trend of the Nifty remains up despite the high intra day volatility seen in the last two sessions. Immediate upsidetargets for the next 1-2 days are at 11257-11341. Our bets are off if the immediate supports of 11026 are broken.

Nifty LTP 2-Day View Reversal level 7-Day View Reversal level

11,200 Bullish Move below 11026 Bullish Move below

10882

Targets for 2 day: 11257-11341

Target: 11433

The Daily Viewpoint

Page 9

DATA & EVENTS

OPEN SHORT-TERM TRADING CALLS

NOTE: ALL TRADING RECOMMENDATIONS GIVEN BY TEAM ARE ON REAL TIME BASIS. A TRADING RECOMMENDATIONSHOULD BE CONSIDERED CLOSED OR SQUARED OFF AS AND WHEN A STOPLOSS OR TARGET IS TOUCHED IN INTRADAYTRADING. DO NOT WAIT FOR TARGET ACHIEVED OR STOPLOSS MESSAGE TO CLOSE THE POSITIONS. REFER JAMMOONFOR TIMELY ENTRY AND EXIT FROM RECOMMENDATIONS.

NO. RECO DT. RECO COMPANY NAME ENTRY CMP SL TARGETUPSIDE

%VALID TILL

1 29-JUL-20 BUYDLF 142.50 AUG CALL

OPTION9.45 7.05 5 18 155 7-AUG-20

2 5-AUG-20 BUY MGL AUG FUT 966-977 983.95 959 1010 3 12-AUG-20

3 6-AUG-20 SELL BANK NIFTY AUG FUT 21604.7-21810 21670 21900 21200 2 17-AUG-20

4 6-AUG-20 BUY NIIT TECH AUG FUT 2013.8 2044 1978 2072 1 7-AUG-20

5 6-AUG-20 BUYNATIONAL ALUMINIUM

35 CALL OPTION1.6 1.6 1 3 88 13-AUG-20

6 29-JUL-20 BUY COAL INDIA 131.55-126.50 128.9 125.25 139 8 7-AUG-20

7 30-JUL-20 BUY TCS 2317.10-2247 2309.85 2213 2456 6 10-AUG-20

8 3-AUG-20 BUY BIOCON 410-416 407.8 403.6 428.4 5 12-AUG-20

9 4-AUG-20 BUY L&T 927.30-910 922.7 901 955.5 4 11-AUG-20

10 5-AUG-20 BUY ULTRATECH CEMENT 4092-3974 4044 3914 4342 7 19-AUG-20

11 5-AUG-20 BUY NIACL 114.45-110.25 114.8 109.25 122 6 14-AUG-20

12 5-AUG-20 BUY RAIN INDUSTRIES 92.50-94.15 98.25 91.4 105 7 14-AUG-20

13 6-AUG-20 BUY IRCON 95.25 96.3 92.85 100 4 7-AUG-20

14 6-AUG-20 BUY INFRATEL 192-194.60 191.7 190 200.4 5 17-AUG-20

OPEN CASH POSITIONAL CALLS

NO. RECO DT. RECO COMPANY NAME ENTRY CMP SL TARGET

1 TARGET

2TARGET

3UPSIDE % VALID TILL

1 1-JUN-20 BUY AVANTI FEEDS** 442.0 480.4 403.0 481.0 520.0 575.0 20 1-DEC-20

2 6-JUL-20 BUYKNR

CONSTRUCTION216.2 203.9 196.0 238.0 260.0 - 28 4-OCT-20

3 20-JUL-20 BUY IDFC FIRST* 26.6 26.9 25.0 28.5 30.0 - 12 18-OCT-20

4 30-JUL-20 BUYGLENMARK

PHARMA445.9 462.5 415.0 483.0 530.0 15 28-OCT-20

5 4-AUG-20 BUY ABBOTT INDIA 16009.0 16162.0 14800.0 17290.0 18890.0 17 2-NOV-20

6 4-AUG-20 BUY METROPOLIS 1661.5 1637.0 1534.0 1860.0 2050.0 25 2-NOV-20

7 5-AUG-20 BUY HATSUN AGRO 707.4 730.0 640.0 779.0 849.0 16 3-NOV-20

The Daily Viewpoint

Page 10

DATA & EVENTS

*= 1st Target Achieved**= 2nd Target Achieved

OPEN DERIVATIVE POSITIONAL CALLS

NO. RECO DT. RECO COMPANY NAME ENTRY CMP SL TARGET 1TARGET

2TARGET

3UPSIDE

%VALID TILL

1 5-AUG-20 BUYMAX FINANCIAL

AUG FUT550.4 543.5 515 595.0 620.0 14

TILL 27TH AUG

2 5-AUG-20 BUYICICI BANK AUG

FUT360 360.8 345 375 390 8

TILL 27TH AUG

3 5-AUG-20 BUYADANIPORTS AUG

FUT324 325.0 303 355 - 9

TILL 27TH AUG

OPEN E-MARGIN POSITIONAL CALLS

NO. RECO DT. RECO COMPANY NAME ENTRY CMP SL TARGET 1TARGET

2TARGET

3UPSIDE

%VALID TILL

1 12-JUN-20 BUYNAGARJUNA

CONSTRUCTION*30.0 31.1 27.0 33.5 36.0 - 16 12-SEP-20

2 20-JUL-20 BUY KAVERI SEEDS 603.6 604.7 550.0 665.0 - - 10 20-OCT-20

3 23-JUL-20 BUYMOTILAL OSWAL FINANCIAL SERV

696.0 666.0 632.0 770.0 810.0 - 22 23-OCT-20

4 4-AUG-20 BUY ICICI LOMBARD 1346.0 1376.0 1240.0 1480.0 1600.0 - 16 4-NOV-20

The Daily Viewpoint

Page 11

QUARTERLY RESULTS ANNOUNCED

COMPANY Q1FY21 YoY (%) QoQ (%) Remarks

Sales (Rs Cr)

NP (Rs Cr)

Sales NP Sales NP

Bayrer Crop Science 1228 252 29 86 168 699Above

Estimates

Blue Star 626 -20 -60 PL -52 PLBelow

Estimates

Dalmia Bharat 1974 188 -22 24 -20 683Above

Estimates

Deepak Nitrite 648 99 -38 -25 -39 -43As Per

Estimates

HPCL 45945 2253 -38 157 -36 LPAs Per

Estimates

Honeywell Automation India 736 98 -14 -14 4 -12As Per

Estimates

KEI Industries 745 36 -31 -21 -41 -42Below

Estimates

Lupin 3528 107 -9 -65 -8 -73Below

Estimates

Pidilite Industries 878 16 -55 -95 -43 -90As Per

Estimates

Torrent Power 3007 374 -20 35 1 LPAs Per

Estimates

Whirlpool India 1027 16 -48 -92 -24 -83As Per

Estimates

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

The Daily Viewpoint

Page 12

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