Morning Notes LKP Advisory 23-Mar-2015 FII's & DII's in equity Indices 20-Mar 19-Mar % Chg. Major Indices 20-Mar 19-Mar % Chg. S&P BSE SENSEX 28,261 28,470 -0.73% CAC 40 Index 5,087 5,037 1.00% 20-Mar 8,571 8,635 -0.74% DAX Index 12,039 11,899 1.18% S&P BSE MID CAP 10,625 10,786 -1.49% Dow Jones Industrial Average 18,128 S&P BSE SMALL CAP 10,860 11,098 -2.14% FTSE 100 Index S&P CNX NIFTY Rs.Crs Buy Sell Net FII / FPI Investments 7551 7196 355 1578 1797 -219 17,959 0.94% DII's Investments 7,023 6,962 0.86% FII's contribution to the total turnover 62% Nasdaq Composite Index 5,026 4,992 0.68% DII's contribution to the total turnover 14% BSE Sectoral Indices S&P BSE IT S&P BSE TECk S&P BSE OIL & GAS S&P BSE BANKEX 11,700 11,600 0.86% Major Asian Indices 20-Mar 19-Mar % Chg. FII's in Derivatives 6,364 6,334 0.49% Nikkei 225 24,375 24,469 -0.38% 20-Mar 9,418 9,487 -0.73% Shanghai Composite 19,560 19,477 0.43% Net 21,347 21,539 -0.89% Taiwan SE Index 2,037 2,038 -0.03% OI Rs.Crs Index Fut Index Opt Stock Fut Stock Opt -575 -1316 -19 -93 20947 64627 59626 3227 1.3% -0.7% -0.9% 0.9% 9,627 9,714 -0.89% KOSPI Index 3,617 3,582 0.98% Chg.OI S&P BSE CAPITAL GOODS 17,062 17,262 -1.16% Hang Seng Index 9,750 9,737 0.13% FIIs' contribution to the total Derivatives turnover 19,199 19,463 -1.36% S&P BSE METAL S&P BSE AUTO Futures (NSE) 23% 7,685 7,791 -1.36% Commodities (MCX) 20-Mar 19-Mar % Chg. 20-Mar 19-Mar % Chg. 17,049 17,312 -1.52% Aluminium (31MAR2015) 112 111 0.54% USDINR 27-MAR-2015 62.56 62.65 -0.16% S&P BSE CONSUMER DURABLES 10,408 10,612 -1.93% Copper (30APR2015) 382 371 3.12% EURINR 27-MAR-2015 66.88 67.01 -0.20% S&P BSE FMCG 7,870 8,038 -2.09% Crude (20APR2015) 2,948 2,862 3.00% JPYINR 27-MAR-2015 51.66 51.97 -0.60% S&P BSE POWER 2,139 2,185 -2.09% Gold (3APR2015) 26,182 25,962 0.85% FTSE100 (17-APR-2015) 7009 6885 1.80% S&P BSE REALTY 1,678 1,743 -3.74% Silver (5MAY015) 37,789 36,371 3.90% S&P500 (17-APR-2015) 2089 2089 -0.02% Company LTP WIPRO 653 18 2.8 POWERGRID 149 3 2.2 Top Gainers BSE Midcap LTP Chg % Chg NTPC 146 -9 -6.0 JINDALSTEL 165 -9 -5.0 2264 33 1.5 BHEL 246 -10 -3.8 255 3 1.2 BPCL 728 -26 -3.4 KOTAKBANK 1342 16 1.2 ICICIBANK 319 -11 -3.3 Company LTP LTP WIPRO 652 19 2.9 AMBUJACEM 255 4 1.6 CAIRN 225 3 1.4 INFY 2259 29 SAIL 69 1 ESSARPORTS LTP Chg % Chg -7.0 -6.3 1.3 HINDZINC 163 -8.9 -5.2 1.2 JINDALSTEL 165 -9 -5.0 Company LTP SPARC 464 -76 -14.1 44 -6 -12.2 15 12.5 8.9 BAYERCROP 3485 202 6.2 JUBLFOOD 1585 66 4.4 TRITURBINE 144 6 4.2 Company LTP SHALPRO -8.5 -1 130 KICL -9 -10 137 ADHUNIK Chg % Chg 18 Chg % Chg Chg % Chg 4 1 19.8 1576 132 9.2 24 1 5.9 2227 125 5.9 1 0 5.0 UNITECH 99 146 1583 MARICOKAYEL HDIL NTPC ECLERX ESL Top Losers BSE 100 Company Company Top Gainers BSE Smallcap Company AMBUJACEM Top Losers BSE Midcap INFY Chg % Chg Top Losers BSE Smallcap Top Gainers BSE 100 Top Gainers CNX Nifty S&P BSE HEALTHCARE Top Losers CNX Nifty S&P BSE PSU HMT NATCOPHARM Chg % Chg 1949 -216 -10.0 PMCFIN 40 -4 -9.9 HDIL 99 -9 -8.5 Company LTP LIFELINE 176 -27 -13.1 TWL 568 -75 -11.6 HINDNATGLS 103 -12 -10.4 37 -4 -9.5 5 -1 -9.4 NECLIFE SYNCOMF Chg % Chg Domestic Market View Markets to get a mildly positive start in the new week The Indian markets continued their slide and made another dismal closing in the last session. Today, the start is likely to be in green and some recovery can be expected in the new week led by the positive global cues. Market men will be getting some support with international credit rating agency Fitch’s latest report on Global Economic Outlook saying that India is the only BRIC nation, where growth will accelerate, to 8 per cent in FY16 and 8.3 per cent in FY17, based on revised data series. There will be some buzz in the banking stocks, as the Securities and Exchange Board of India (Sebi) has conceded to the Reserve Bank of India's (RBI’s) proposal that banks be exempt from the market regulator's norms on pricing of shares while converting debt into equity in defaulting companies. Steel stocks too will be in action, on report that India has overtaken the US to become the third-largest steel producer in the world with a production of 14.56 million tonnes (MT) in first two months of the year. Domestic Market OverView Benchmarks end lower for third straight day Extending their losing streak to third straight day, Indian equity benchmarks ended the session near intraday low levels with key indices ending below their crucial 28,300 (Sensex) and 8,600 (Nifty) levels. Friday’s session turned out to be a choppy day of trade for the Indian equity markets as traders remained on sidelines focussing on domestic developments included the ongoing budget session in Parliament. Meanwhile, Finance Minister Arun Jaitley referring to doubts expressed by various sections over the GDP figure of 7.4 percent for 2014-15 as projected by the Central Statistical Organisation's (CSO), sought to dispel doubts, saying that the GDP calculations are made independently by the CSO, which is a credible organisation. Additionally, the losses also came on the back of participants slashing their position into equities ahead of the volatile F&O expiry week. Investors also failed to draw any sense of relief from report that global rating agency Fitch said India’s gross domestic product (GDP) to grow at 8.0% in 2015-16 and 8.3% in the next fiscal, based on the new data series. The forecasts according to earlier series were 6.5% and 6.8%, respectively Depreciation in Indian rupee too weighed down sentiments. Rupee was trading at 62.54 per dollar at the time of equity markets closing compared with its previous close of 62.52 on fresh demand for the American currency from importers. Banking shares continued to reel under pressure for the second straight day with the National Stock Exchange (NSE) Bank Nifty index fallen nearly three percentage points in two days. Global Market Overview Asian markets end mixed on Friday The Asian markets closed mixed on Friday, due to the mixed cues overnight from Wall Street following the Fed-inspired rally seen in the previous session. The Bank of Japan in minutes released from its February 17-18 board meeting reported that consumer prices may flatten and real wages may also drop as a sharp drop in global oil prices takes its toll. The remarks suggest continued concern over hitting a target of sustained 2% inflation this fiscal year even as economic growth looks more promising, adding that the pace of buying government bonds to support easing needs to be assessed. Bank of Japan Governor Haruhiko Kuroda stated that the longer-term domestic price trend is still upward because the base effect of last year’s plunge in crude oil prices on consumer inflation will disappear eventually. Kuroda added that market participants are unlikely to seek any monetary policy implications in what is projected to a temporary downward effect of lower energy prices on the year-on-year change in core CPI, which is set to slip further to zero and into negative territory. Wall St rises on Nike, lower dollar; Nasdaq hits 15-yr high U.S. stocks rose on Friday, pushing the Nasdaq to a 15-year high and helping the S&P 500 snap a three-week string of losses, following a pullback in the dollar, upbeat results from Nike and further biotech gains. Recent sharp gains in the U.S. dollar have increased worries about the currency's impact on the earnings of U.S. multinationals. S&P 500 earnings projections for the first quarter and for 2015 have fallen sharply since Jan. 1. Among early reporters, Nike jumped 3.7 percent to $101.98 as the biggest boost to the Dow after it posted a quarterly profit that beat market estimates. The world's largest sportswear maker sold more higher-margin shoes and apparel but warned that the stronger dollar would take a toll on its current quarter. The Dow Jones industrial average rose 168.62 points, or 0.94 percent, to 18,127.65, and the S&P 500 gained 18.83 points, or 0.9 percent, to 2,108.10. The Nasdaq Composite added 34.04 points, or 0.68 percent, to 5,026.42, a 15-year high. LKP Advisory Index Futures (OI in '000 Shares) Total Open Interest Future Chg Spot Chg Prem / 20-Mar (%) 20-Mar (%) Disc 20-Mar -0.74 31.1 26,046 0.8 NIFTY 8,602 CNXIT BANKNIFTY Chg (%) -0.39 8,571 12,402 0.76 12,364 0.72 38.4 19 -0.7 18,678 -1.89 18,606 -1.09 71.8 3,201 2.3 Increasing OI, Increasing Delivery Qty & Increasing Price in Stock Futures (Open Interest in '000 Shares) Symbol Total OI 20-Mar % Chg. Del Qty Cash Market 20-Mar % Del. Prev % Del. Increase Del Qty Spot (Rs.) Fut (Rs.) Spot Chg (%.) Fut Chg (%.) Prem / Disc IRB 7,619 4% 2,662,680 44% 49% 696,551 242 241 3.1% 2.9% -0.4 SAIL 55,032 4% 2,442,915 55% 57% 614,561 69 68 1.2% 1.3% -1.3 M&MFIN 10,875 1% 3,725,881 79% 65% 1,551,320 265 265 0.0% -0.4% -0.1 HDFCBANK 49,590 1% 1,283,469 66% 57% 439,727 1056 1063 0.4% 0.6% 6.6 1,669 0% 127,135 40% 38% 27,524 1570 1574 0.1% 0.1% 4.7 Increase in Del Qty Spot (Rs.) Fut (Rs.) Spot Chg (%.) Fut Chg (%.) Prem / Disc ACC Increasing OI, Increasing Delivery Qty & Decreasing Price, (Open Interest in '000 Shares) Symbol SUNTV Total OI 20-Mar % Chg. Del Qty Cash Market 20-Mar % Del. Prev % Del. 980 12% 429,993 24% 28% 289,160 426 428 -2.7% -2.2% 1.9 23,134 8% 6,345,225 65% 53% 3,477,058 175 175 -0.2% -0.2% 0.4 UNITECH 179,847 8% 20,175,108 24% 24% 8,477,217 18 18 -7.5% -7.5% 0.1 ICICIBANK 77,205 7% 14,059,570 62% 57% 5,312,976 319 320 -3.5% -3.1% 1.4 871 7% 55,462 48% 37% 3,423 981 986 -1.3% -1.0% 4.7 14,090 7% 5,272,904 76% 69% 2,314,326 380 382 -0.4% -0.3% 1.5 DABUR 2,515 6% 867,526 64% 57% 160,244 266 267 -3.4% -3.3% 1.3 HINDUNILVR 7,634 6% 1,376,047 71% 60% 583,061 896 900 -2.9% -2.5% 4.0 CROMPGREAV 14,487 5% 6,284,709 69% 58% 4,050,881 165 165 -4.0% -3.9% 0.3 HDIL 20,308 5% 3,281,787 13% 17% 1,435,435 99 99 -8.7% -8.8% -0.2 IDEA UBL BHARTIARTL Open Interest Break-up (Rs. in Cr.) 20-Mar 19-Mar Change in OI % Chg INDEX FUTURES 28,496 28,298 198 0.70 INDEX OPTIONS 126,947 127,308 -361 -0.28 TOTAL INDEX 155,442 155,606 -164 -0.11 STOCK FUTURES 73,566 74,415 -849 -1.14 STOCK OPTIONS 19,602 19,535 67 0.34 TOTAL STOCKS 93,168 93,950 -782 -0.83 GRAND TOTAL 248,610 249,557 -946 -0.38 FII's 148,428 149,154 -726 -0.49 Others 100,182 100,402 -220 -0.22 LKP Advisory Corporate News Mahindra & Mahindra’s (M&M) business unit - Mahindra First Choice Wheels Services (MFCWL) a multi-brand car workshop company, has signed a definitive agreement to raise $15 million (Rs 94 crore) from San Francisco based investment advisor firm, Valiant Capital for a minority stake in the company. This is the second round of external private equity raised by MFCWL, with the first one in 2008 from Delhi based Phi Capital, who continues to be an investor in the company. The company has experienced rapid growth in its retail, wholesale and technology enabled businesses. Coal India (CIL), the world’s largest coal miner is most likely to miss its output target of 507 million tonnes by over 10 MT in the current fiscal due to various delays at the level of states in operationalising mines. The company, which accounts for over 80 percent of the domestic coal production, has to achieve production of 507 million tonnes in FY15. Gayatri Projects has bagged new order worth Rs 137 crore from Government of Chhattisgarh, Public Works Department (PWD) Raipur. The company has bagged order for rehabilitation and upgradation of Sigma Tilda Kharora Arang Road (SH-20) (Package No. 05). Tech Mahindra, a specialist in digital transformation, consulting and business re-engineering, has signed a strategic agreement with Gao Feng Advisory Company (Gao Feng), a global management consultancy with roots in China. Both firms will seek to join forces to deliver a unique and comprehensive set of services to their clients in China and worldwide. Sri KPR Industries has received its board’s approval sell its two Wind Mills in Tamil Nadu. The Unit No.1 : W.T.G. Project of 1.50 MW is located at Karaichitu Pudur near Udayattur of Tirunalveli district in Tamil Nadu, while Unit No.2 : W.T.G. Project of 1.50 MW is located at Balapathiramapu in Amuthapuram of Tirunelvili district in Tamil Nadu. Premier Explosives has incorporated ‘BF Premier Energy Systems’, a joint venture between the company and Kalyani Strategic Systems, from Bharat Forge group for manufacture of defence products on March 09, 2015. L&T Finance Holdings’ wholly-owned subsidiary - L&T Finance is reportedly planning to raise Rs 150 crore on private placement basis by issuing non-convertible debentures. The company will issue secured, redeemable, non-convertible debentures (NCDs) of the face value of Rs 2500,000 each, amounting to Rs 100 crore. The issue will come with an option to retain over subscription of Rs 50 crore. UPL through its step down wholly owned subsidiary has increased its stake in UPL do Brasil Industrie E Comercio de Insumos Agropecuarios S.A. (UPL do Brasil), a Brazilian company, from 73% to 100% by acquiring the balance 27% shares from its existing shareholders. Blue Star is reportedly targeting to raise its share in Uttar Pradesh (UP) AC market to 11% during 2015-16 from 8% at present. The annual AC market of Uttar Pradesh and nationally are pegged at around 0.3 million and 3.75 million units, respectively. The domestic AC market is growing by 10 and 19 per cent in volume and value terms respectively. Jindal Steel and Power (JSPL) is reportedly aiming to achieve growth of 150% in its steel business in Uttar Pradesh (UP) over the next three years. Against the current sales of about 0.2 million tonne (mt) of steel and steel products in the state, the company is targeting 0.5 mt by 2018. The Reserve Bank of India (RBI) has notified that Non Resident Indians (NRIs)/Persons of Indian Origin (PIOs) can now invest up to 24% of the paid up capital of Zicom Electronic Security Systems under the Portfolio Investment Scheme (PIS). Bhushan Steel is in talks with banks for restructuring of debt to the tune of $3.7 billion (about Rs 23,000 crore). A consortium of bankers led by Punjab National Bank (PNB) has a total exposure of about Rs 40,000 crore in the company Force Motors’ promoter has increased its stake in the company to over 60% by acquiring more than one lakh shares of vehicle manufacturer from open market. The promoter of the company -- Jaya Hind Investments -- has acquired 1,00,200 equity shares of Rs. 10 each from the market on March 13, 2015. LKP Advisory Everest Industries is planning to make operational its first overseas unit at Ras Al-Khaimah in the UAE by December this year or January 2016. Built at around Rs 100 crore, the facility will manufacture boards and panels. It will cater to the company’s exports in West Asian and African nations. Bal Pharma’s promoted Lifezen Healthcare has entered into an Investment agreement with Bennett Coleman & Company. The company is promoter of Lifezen Healthcare which was incorporated with proposed objects of carrying on the business of manufacturing, marketing, distributing, selling and trading of pharma products. Tata Motors has introduced its Prima range of heavy commercial vehicles in the UAE and Oman. This launch marks the introduction of a new range of next-generation commercial vehicles with a series of applications in both the countries. Pincon Spirit has received an approval for acquisition of a Semi Automatic Plant in West Bengal for the purpose of strategic expansion of the company. The board of directors at their meeting held on March 19, 2015 has approved for the same. .Economy Govt, opposition clear decks for fast-tracking Mines, Coal bills on Friday The possibility of the current leg of the Parliament session being extended has diminished with the two sides in the Rajya Sabha reaching an understanding to fast-track the disposal of both contentious mines and minerals and the coal mines bills. Opposition on Thursday forced deferment of consideration of the contentious Mines and Minerals Bill in Rajya Sabha till Friday, arguing that mineral-bearing states had not been consulted. It was after hour of wrangling, the government and the Opposition both resolved to dispose of the two bills. While, opposition felt that it needed time to study the select committee reports on these bills, the government offered a choice between considering (and voting on) the bills on Thursday-Friday and sitting for one week more. However, opposition contesting the second option decided to fast-track the disposal of the two bills. If amended by the Rajya Sabha, the two bills will have to go back to the Lok Sabha. However, parliamentary Affairs Minister M Venkaiah Naidu has to complete the whole exercise before the Lok Sabha concludes its sitting. The parliament session, which began on Feb 23 and would continue uptill May 8 is scheduled to a month’s recess after Friday’s business. The government wants to rush the two bills because these are designed to replace ordinance. Consumers to bear the brunt of ongoing aggressive bidding for telecom spectrum: Care The home grown ratings agency, Care Ratings has warned that consumers will have to bear the brunt of ongoing aggressive bidding for telecom spectrum, which would force mobile operators to hike tariff. Bids topped Rs 1,08,000 crore on the 13 days, much more than the amount realised from the last auction in 2010 and considerably higher from the government's reserve price of Rs 82,000 crore, with 89 per cent of 2G and 3G radiowaves put on sale provisionally allocated to telecom operators. The rating agency has said that the ongoing auction would result in more pressure on the companies' debt profile, which is already under pressure, “We expect that operators will further leverage themselves, while customers would have to bear the brunt of tariff hikes which would become inevitable for operators to realise returns on these huge investments.” CARE has further noted that companies are required to pay 25-33% upfront on their winning bids, which would accrue in revenues of Rs 25,000 crore for the government within this fiscal, ending March 31. It said that given these circumstances, tariff hikes are 'inevitable', adding that moves by third party applications to offer voice service, which contributes the maximum revenue for telcos, is also a threat. Recently, WhatsApp, the most popular instant messaging service used worldwide, has started rolling out the voice calling feature to its users. Govt’s kitty grows to Rs 1.09 lakh crore on Day 14 of spectrum auction The government received commitments of Rs 109,000 crore from telecom operators at the end of 86th round of bidding on Thursday, which was the 14th day of radio frequency spectrum e-auctions. This is little higher compared to commitments worth Rs LKP Advisory 108,000 crore on the 13th day of the auction. With this, over 89% of spectrum has been provisionally allocated to bidders. The auction will continue on Friday as about some amount of spectrum is yet to be sold. Robust bidding was witnessed in 1800 MHz and 800 MHz band, with majority of service areas being sold at a premium over reserve price. However, DoT has barred from publishing final results without Supreme Court’s consent. A hearing in the apex court in this regard is scheduled for March 26. Nevertheless, maximum bids of 85 were received for Tamil Nadu circle with a winning amount of Rs 45 crore per block in the 1800MHz band. However, this circle saw 10 less bids. The second highest bids of 75 were received for Punjab circle with a winning amount of Rs. 72.15 crores per block in the 900MHz band. This circle also saw three less bids. India is ready to deal with any foreign fund outflows: RBI governor Reserve Bank of India (RBI) Governor Raghuram Rajan has doubled the cheers of worried investors and India Inc by saying that India is ready to deal with any foreign fund outflows as a result from the rate hike. Though, the RBI governor did not rule out the possibility of near-term volatility in the markets, he said that in the medium term, markets will be back to normal. Rajan said that the country has significant forex reserves and current account deficit is under control. India's foreign exchange reserves stood at $337.793 billion in the week to March 6. The governor also pointed that the current account deficit is under control.The current account deficit has narrowed to 1.6 per cent of the GDP in the October-December quarter from 2 per cent a quarter earlier comforted by easing oil prices. Reserve Bank of India Governor has long warned of the risk to emerging economies when the US Federal Reserve makes the first rise in its zero percent interest rates since the 2008 financial crisis and been actively buying dollars, helped by a net inflow of $54 billion of foreign money since the start of 2014. As a result India has built up record foreign exchange reserves of nearly $340 billion to insulate the economy from capital flight in case the US Fed hikes rate. Power producers may face under recovery of Rs 1350 crore post coal auction: Crisil Research Crisil Research, the research arm of the global credit rating agency Crisil has come up with a report stating that the recent coal block auctions might have addressed some fuel supply issues, but private power producers with nearly 10,000 MW capacity may have to face under-recovery to the extent of 65 paise per unit because of aggressive bidding. The under recovery of 65 paise per unit will translate to a total under recovery of Rs 1350 crore in the next financial year. In its report, Crisil Research has said that players who went for aggressive bidding could clock under-recovery of Rs 1,350 crore in FY16 because variable tariffs will not cover mining costs and production-linked payments to Government “The aggressive bids indicate the big premium on fuel security. Bid winners have agreed to forego, on average, mining costs of Rs 650 per tonne and pay an additional premium of Rs 400 per tonne to States in FY16.” To offset the resultant 65 paise per unit under-recovery in the variable tariff, recently commissioned or under-construction projects will require an average first-year fixed tariff of close to Rs 3.5 per unit. Crisil further estimates that deficit or under-recovery could rise to more than Rs 4,500 crore once allotted coal blocks reach peak production. It said that around 22-25 GW of power projects-both operational and expected to be commissioned by 2016-17-are untied and will compete for new PPAs. For those power producers who are yet to sign PPAs, intense competition will make it difficult to pass on the high coal cost through the fixed cost option. Source: Reuters, Ace Equity & LKP Research LKP Advisory Tech View CNX Nifty Technical View Nifty continued to reel under pressure and closed below its immediate support level of 8600. The market breadth was inclined toward declines and major sectors witnessed downside on Friday’s trade indicating that Nifty will continue to face pressure at higher levels. The next immediate support is now seen at 8500 levels and if this level is breached then a considerable correction till 8200 cannot be ruled out. Nifty is expected to open on flat to positive note and may test 8600-8610 levels today. If it manages to close above 8620 today then it can pick a short term momentum till 8780 levels in coming days. IMPORTANT LEVELS FOR THE DAY Support BSE NSE BANKNIFTY S1 28,149 8538 18494 S2 27,939 8480 18310 R1 28,488 8630 18793 R2 28,698 8687 18977 Pivot 28,318 8,584 18,644 Resistance LKP Advisory Tech View PIVOT POINTS Scrip Name CMP RB2 RB1 PP SB1 SB2 ACC Scrip Name CMP RB2 RB1 PP SB1 SB2 1570 1624 1593 1569 1544 1513 GAIL 378 401 390 381 372 360 ADANIENT 610 636 622 612 601 588 GLENMARK 831 920 879 846 812 771 ADANIPORTS 308 325 317 310 304 296 GMRINFRA 15 16 15 15 15 14 ADANIPOWER 48 50 48 47 46 45 GODREJIND 336 349 342 337 332 325 ALBK 103 108 105 104 102 99 GRASIM 3615 3726 3657 3602 3546 3477 AMBUJACEM 255 274 262 252 243 231 HAVELLS 300 310 304 299 294 288 ANDHRABANK 79 81 80 79 78 76 HCLTECH 980 1003 989 977 965 950 APOLLOHOSP 1414 1479 1448 1422 1397 1366 HDFC 1338 1380 1352 1330 1308 1281 APOLLOTYRE 162 172 167 163 159 154 HDFCBANK 1056 1073 1062 1054 1045 1035 ARVIND 274 297 287 278 269 259 HDIL 99 115 108 102 95 88 ASHOKLEY 69 72 70 69 68 67 2610 2703 2659 2624 2589 2546 ASIANPAINT 810 861 837 818 798 774 HEXAWARE 269 285 277 270 264 256 1159 1332 1251 1186 1120 1039 HINDALCO 132 139 135 133 130 126 556 574 565 557 550 540 HINDPETRO 628 665 647 633 619 601 2018 2058 2037 2020 2003 1982 HINDUNILVR 896 945 922 903 885 862 BANKBARODA 173 179 176 173 171 167 HINDZINC 165 180 173 166 160 152 BANKINDIA 213 224 218 214 209 203 IBREALEST 66 73 70 67 64 60 BATAINDIA 1169 1225 1192 1166 1140 1107 ICICIBANK 319 339 329 322 314 304 BHARATFORG 1288 1381 1337 1302 1267 1224 IDBI 75 78 76 75 73 71 BHARTIARTL 380 396 388 382 376 368 IDEA 175 183 179 176 173 169 BHEL 246 263 255 249 242 234 IDFC 167 170 168 167 165 164 BIOCON 435 470 453 440 426 409 IFCI 34 35 35 34 34 33 BPCL 727 777 753 734 716 692 IGL 413 434 422 413 404 393 CAIRN 225 232 228 224 221 217 INDIACEM 92 100 96 94 91 87 CANBK 381 397 390 383 377 370 INDUSINDBK 886 914 898 885 872 857 CENTURYTEX 549 587 569 554 539 520 INFY 2257 2303 2275 2253 2231 2203 CESC 592 613 603 594 585 574 IOB 43 44 44 43 43 42 CIPLA 700 738 719 704 689 670 IOC 344 361 353 346 340 332 COALINDIA 368 378 372 368 363 357 IRB 242 261 247 237 226 213 2010 2076 2042 2014 1987 1952 ITC 327 339 334 329 325 319 CROMPGREAV 165 180 172 166 160 153 JINDALSTEL 165 185 175 167 159 149 DABUR 266 283 275 269 262 254 JISLJALEQS 61 65 63 62 60 58 DISHTV 77 82 80 78 76 74 JPASSOCIAT 25 27 26 25 24 23 1806 1906 1857 1817 1777 1728 JPPOWER 11 11 11 11 10 10 160 170 165 161 157 152 JSWENERGY 119 124 121 118 115 112 DRREDDY 3427 3550 3479 3421 3363 3292 JSWSTEEL 921 981 952 930 907 879 EXIDEIND 181 187 184 181 178 175 JUBLFOOD 1586 1736 1637 1558 1479 1380 FEDERALBNK 138 143 140 138 136 134 JUSTDIAL 1382 1489 1422 1367 1313 1246 AUROPHARMA AXISBANK BAJAJ-AUTO COLPAL DIVISLAB DLF LKP Advisory HEROMOTOCO Tech View Scrip Name CMP RB2 RB1 PP SB1 SB2 Scrip Name CMP RB2 RB1 PP SB1 SB2 KOTAKBANK 1340 1381 1353 1330 1307 1279 TATACHEM 425 444 434 427 419 409 124 129 127 125 123 121 TATACOMM 421 448 435 425 415 402 65 66 65 65 64 63 TATAGLOBAL 150 157 154 151 148 144 460 488 475 464 453 440 TATAMOTORS 548 560 552 546 540 533 LT 1670 1735 1701 1674 1646 1612 TATAMTRDVR 327 343 336 330 324 316 LUPIN 1906 2014 1960 1916 1872 1818 TATAPOWER 79 82 80 79 78 77 M&M 1165 1245 1206 1175 1144 1105 TATASTEEL 329 352 341 332 323 312 M&MFIN 265 275 270 265 261 256 2611 2657 2627 2603 2578 2548 MARUTI 3624 3722 3674 3636 3597 3549 TECHM 678 704 691 680 670 657 MCDOWELL-N 3706 4023 3873 3751 3629 3478 TITAN 393 421 408 397 387 374 MCLEODRUSS 236 250 243 238 232 225 UBL 981 1016 998 984 970 952 39891 41302 40616 40061 39506 38820 65 67 66 66 65 64 NHPC 20 20 20 20 19 19 2855 2935 2894 2860 2827 2785 NMDC 131 136 133 131 129 127 UNIONBANK 167 175 170 166 163 158 UNITECH KTKBANK L&TFH LICHSGFIN MRF NTPC 146 153 149 146 142 138 OFSS 3248 3350 3298 3256 3214 3162 ONGC 311 317 314 311 308 ORIENTBANK 223 234 229 225 PETRONET 178 182 180 PFC 275 300 PNB 163 168 POWERGRID 148 PTC RANBAXY RCOM 18 21 19 18 17 16 457 437 422 406 387 305 VOLTAS 275 287 281 277 272 266 221 215 WIPRO 653 676 661 649 636 621 178 176 174 YESBANK 832 865 846 830 814 795 288 279 270 258 ZEEL 354 369 361 355 349 341 165 162 159 156 155 151 148 144 140 79 83 81 80 78 76 809 875 844 819 793 762 63 66 64 63 62 61 357 345 336 327 316 RELCAPITAL 439 469 455 443 431 417 RELIANCE 854 872 862 855 847 837 RELINFRA 436 467 453 442 430 416 RPOWER 57 59 58 57 56 55 SAIL 69 71 70 69 68 67 SBIN 278 287 283 279 276 271 SIEMENS 1368 1425 1393 1367 1341 1310 SRTRANSFIN 1193 1240 1211 1187 1163 1134 188 198 193 189 185 180 1027 1114 1074 1041 1008 967 SUNTV 426 490 459 435 410 380 SYNDIBANK 106 112 109 107 105 102 LKP Advisory ULTRACEMCO 417 334 SUNPHARMA UCOBANK UPL RECLTD SSLT TCS The information in this documents has been printed on the basis of publicly available information, internal data and other reliable sources believed to be true and is for general guidance only. While every effort is made to ensure the accuracy and completeness of information contained, the company makes no guarantee and assumes no liability for any errors or omissions of the information. No one can use the information as the basis for any claim, demand or cause of action. LKP Securities Ltd., and affiliates, including the analyst who have issued this report, may, on the date of this report, and from time to time, have long or short positions in, and buy or sell the securities of the companies mentioned herein or engage in any other transaction involving such securities and earn brokerage or compensation or act as advisor or have other potential conflict of interest with respect to companies mentioned herein or inconsistent with any recommendation and related information and opinions. 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