1. Art and Diseño

Morning Notes
LKP Advisory
2-Feb-2015
Indices
30-Jan
29-Jan
% Chg.
Major Indices
30-Jan
29-Jan
% Chg.
FII's & DII's in equity
S&P BSE SENSEX
29,183
29,682
-1.68%
CAC 40 Index
4,604
4,631
-0.59%
30-Jan
8,809
8,952
-1.60%
DAX Index
10,694
10,738
-0.41%
S&P BSE MID CAP
10,739
10,771
-0.30%
Dow Jones Industrial Average
17,165
S&P BSE SMALL CAP
11,329
11,379
-0.43%
FTSE 100 Index
S&P CNX NIFTY
Rs.Crs
Buy
Sell
Net
FII / FPI Investments
6146
6917
-772
2282
2320
17,417
-1.45%
DII's Investments
6,749
6,811
-0.90%
FII's contribution to the total turnover
46%
-38
Nasdaq Composite Index 4,635
4,683
-1.03%
DII's contribution to the total turnover
16%
BSE Sectoral Indices
S&P BSE REALTY
1,811
1,773
2.17%
Major Asian Indices
30-Jan
29-Jan
% Chg.
FII's in Derivatives
S&P BSE POWER
2,225
2,205
0.88%
Hang Seng Index
24,507
24,596
-0.36%
30-Jan
11,179
11,156
0.20%
Nikkei 225
17,674
17,606
0.39%
Net
6,136
6,147
-0.17%
KOSPI Index
1,949
1,951
-0.09%
OI
15,667
15,750
-0.53%
Shanghai Composite
3,210
3,262
-1.59%
Chg.OI
8,275
8,321
-0.55%
Taiwan SE Index
9,362
9,427
-0.69%
FIIs' contribution to the total Derivatives turnover
10,143
10,208
-0.64%
S&P BSE CAPITAL GOODS 17,096
17,218
-0.71%
Commodities (MCX)
30-Jan
29-Jan
% Chg.
Futures (NSE)
30-Jan
29-Jan
% Chg.
S&P BSE METAL
10,190
10,276
-0.84%
Aluminium (27FEB2015)
115
112
2.58%
USDINR 25-FEB-2015
70.63
70.29
0.48%
S&P BSE AUTO
19,986
20,231
-1.21%
Copper (27FEB2015)
343
337
1.66%
EURINR 25-FEB-2015
62.24
62.16
0.12%
8,205
8,344
-1.67%
Crude (19FEB2015)
2,855
2,754
3.67%
JPYINR 25-FEB-2015
52.89
52.74
0.28%
S&P BSE CONSUMER DURABLES
10,655
10,856
-1.85%
Gold (5FEB2015)
27,895
27,419
1.74%
FTSE100 (20-FEB-2015)
6844
6861
-0.25%
22,716
23,453
-3.14%
Silver (5MAR015)
38,105
37,286
2.20%
S&P500 (20-FEB-2015)
2007
1998
0.46%
S&P BSE IT
S&P BSE TECk
S&P BSE HEALTHCARE
S&P BSE FMCG
S&P BSE OIL & GAS
S&P BSE PSU
LTP
Chg % Chg
Company
LTP
HCLTECH
1794
145
8.8
BANKBARODA
192
-25
-11.5
91
3
3.7
SBIN
309
-18
-5.4
TATAPOWER
Top Losers
CNX Nifty
Company
Chg % Chg
DLF
171
4
2.6
ICICIBANK
360
-20
-5.3
BPCL
751
17
2.3
PNB
189
-10
-5.0
LUPIN
1580
25
1.6
DRREDDY
3227
-136
-4.1
Company
LTP
BANKBARODA
193
-24
-11.1
CANBK
443
-26
-5.6
SBIN
310
-17
-5.1
Company
LTP
HDIL
Chg % Chg
Chg % Chg
14
14.1
19
2
11.6
JPASSOCIAT
29
2
9.2
HCLTECH
1794
148
9.0
ICICIBANK
361
-19
-5.0
ADANIENT
630
46
7.8
BANKINDIA
267
-14
-4.9
Company
LTP
Company
LTP
INDIANB
186
Top Losers
BSE 100
110
GMRINFRA
HCC
35
6
19.2
HDIL
110
14
14.1
GMRINFRA
19
2
11.6
JPASSOCIAT
29
2
9.2
RTNPOWER
11
1
9.2
Company
LTP
CAPPL
600
78
14.9
AJMERA
104
12
12.8
MKEL
36
4
11.9
ABCIL
233
21
9.8
MEGH
24
2
8.7
Top Losers
BSE Midcap
Chg % Chg
Chg % Chg
Top Losers
BSE Smallcap
Top Gainers
BSE Smallcap
Top Gainers
BSE Midcap
Top Gainers
BSE 100
Top Gainers
CNX Nifty
S&P BSE BANKEX
Chg % Chg
-13
-6.5
WHIRLPOOL
674
-46
-6.4
MONSANTO
3167
-216
-6.4
SPARC
328
-21
-5.9
ORIENTBANK
266
-15
-5.4
Company
LTP
Chg % Chg
SRSREAL
27
-6
-17.8
RAJLXIN
193
-21
-10.0
VIPIND
104
-11
-9.2
MANJUSHREE
410
-41
-9.0
INDRAMEDCO
66
-6
-8.3
Rs.Crs
Index Fut Index Opt Stock Fut Stock Opt
72
1318
-1608
139
22761
48248
57404
1482
0.8%
6.7%
2.1%
399%
24%
Domestic Market View
Markets to make soft start tailing weak global
cues
The Indian markets crashed like house of card in last
session as investors booked profit at higher levels
ahead of RBI policy meeting on February 3. Today,
the start is likely to be on a soft side tracking weak
global cues. Also, investors may remain worried over
a huge shortfall in tax deducted at source (TDS)
collections, the Central Board of Direct Taxes (CBDT)
has asked the income tax department (I-T) to initiate
special measures to achieve the collection target for
this fnancial year.
However, traders will be getting some support from
report that overseas investors pumped in a staggering
Rs 33,688 crore in capital markets last month, making
it the highest investment in six months owing to
easing inflation and rate cut by Reserve Bank of India
(RBI). There will be some action in the steel sector
stocks, as the Centre said it would pump Rs 1,50,000
crore for building four steel plants of 20-24 million
tonnes combined capacity, in collaboration with the
governments in four states. The aviation stocks too
may see some action as Jet fuel prices have been cut
by 11.3 per cent bringing further relief to domestic
airlines. In Delhi, the price of aviation turbine has
been cut from Rs 52,423 a kilolitre to Rs 46,513 a
kilolitre.
Domestic Market OverView
Benchmarks crash like house of card; Sensex breaches 29,200 mark
Friday’s trading session turned out to be a daunting one for stock markets in India and benchmarks
ended below their crucial 9,850 (Nifty) and 29,200 (Sensex) levels as investors booked profit off the
table amid Chinese growth concern gripped the markets. Selling was both brutal and wide-based as
none of sectoral indices, barring realty, power and software, on BSE were spared. Counters, which
featured in the list of worst performers, include banking, consumer durables, public sector
undertaking and metal.
Markets, after hitting fresh peaks in early deals, witnessed bout of selling pressure as investors
booked profit at higher levels ahead of RBI policy meeting on February 3. Though, Street widely
expects Central bank to pause during the February 2015 monetary policy review, while maintaining a
dovish tone, and resume cutting the repo rate by a further 50 basis points (bps) after the presentation
of the Union Budget. Lower than expected corporate earnings posted by blue chip companies such
as Dr Reddy’s Lab, ICICI Bank and HDFC Bank also weighed on the bourses. Moreover, market
participants failed to draw any sense of relief with UN report stating that, notwithstanding the decline
in global foreign direct investment inflows, India’s FDI increased by 26 percent in 2014 to an
estimated $35 billion with maximum growth in the services sector.
Investors failed to draw any solace from report that foreign institutional investors were net buyers in
Indian equities worth Rs 1,723.77 crore on January 29, 2015, as per provisional stock exchange
data. Depreciation in rupee too dampened the sentiments. Rupee was trading at 61.92 per dollar at
the time of equity markets closing compared with its previous close of 61.86 per dollar.
Global Market Overview
Asian markets end mostly in red on Friday
The Asian equity benchmarks ended mostly in red on Friday, with Japanese stocks rising for a
second week as investor sentiment recovered amid expectations of slower interest-rate increases in
the US. The Bank of Japan has put monetary policy on hold and found backing for its wait-and-see
stance from advisors to Prime Minister Shinzo Abe, who worry more easing could send the yen to
damagingly low levels. Concerns about the yen, along with a belief among central bank officials including Governor Haruhiko Kuroda - that coming wage increases will support higher prices,
suggest the BOJ could hold policy steady until October.
US markets closed lower on disappointing data
The US markets closed lower on Friday, as investors grappled with downbeat gross domestic
product data, less-than-stellar earnings that overshadowed a bounce in crude-oil futures. On the
economic front, the US economy grew by a 2.6% annual pace in the fourth quarter, slowing from a
5.0% pace in the third quarter. Consumer spending, which is a main source of economic activity,
rose 4.3% following a 3.2% rise in the third quarter. This is the biggest gain since the first quarter of
2006. But growth slowed because of slower business and government spending and higher imports.
The PCE index, the Fed’s preferred inflation gauge, fell at a 0.5% annual rate in the October-toDecember period, compared to a 1.2% gain in the third quarter. That’s the biggest drop since the first
quarter of 2009.The core PCE that excludes food and energy, rose at a 1.1% clip, down from 1.4%.
The Dow Jones Industrial Average lost 251.90 points or 1.45 percent to 17,164.95, the Nasdaq
Composite was down by 48.17 points or 1.03 percent at 4,635.24 while, the S&P 500 dropped 26.26
points or 1.30 percent, to close at 1,994.99.
LKP Advisory
Index Futures
(OI in '000 Shares)
Future
Chg
Spot
Chg
Prem /
30-Jan
(%)
30-Jan
(%)
Disc
-1.60
63.8
NIFTY
8,873
-1.26
8,809
CNXIT
BANKNIFTY
11,906
0.11
11,825
0.01
19,995
-3.80
19,844
-3.34
Total Open Interest
30-Jan
Chg (%)
26,176
3.2
81.4
12
22.0
151.6
2,087
5.3
Increasing OI, Increasing Delivery Qty & Increasing Price in Stock Futures (Open Interest in '000 Shares)
Symbol
Total OI
30-Jan % Chg.
Spot
(Rs.)
Fut
(Rs.)
Spot
Chg (%.)
Fut
Chg (%.)
Prem /
Disc
ANDHRABANK
20,940
30%
5,511,077
25%
29%
IBREALEST
38,308
21%
10,352,807
29%
29%
4,578,180
91
92
1.1%
1.2%
0.9
5,094,517
83
84
6.3%
6.2%
3,564
15%
3,172,379
56%
0.6
59%
2,436,180
1792
1799
8.7%
8.8%
JPASSOCIAT
126,912
11%
17,159,983
7.1
26%
27%
8,903,168
29
29
9.4%
9.1%
APOLLOTYRE
12,534
8%
0.2
1,838,440
28%
41%
511,871
243
244
3.2%
3.2%
HDIL
23,716
1.8
6%
8,382,699
13%
11%
3,064,035
110
110
14.0%
14.4%
0.4
7,298
6%
987,046
19%
18%
719,938
508
512
6.0%
6.0%
4.0
IDFC
52,398
4%
7,260,448
35%
55%
543,893
172
174
0.8%
0.8%
1.4
RELCAPITAL
12,849
3%
1,197,126
20%
25%
542,572
486
490
4.3%
4.3%
3.6
RPOWER
74,576
2%
2,247,177
26%
32%
691,546
65
66
2.6%
2.7%
0.5
Spot
(Rs.)
Fut
(Rs.)
Spot
Chg (%.)
Fut
Chg (%.)
Prem /
Disc
HCLTECH
RELINFRA
Del Qty Cash Market
30-Jan
% Del.
Prev
% Del.
Increase
Del Qty
Increasing OI, Increasing Delivery Qty & Decreasing Price, (Open Interest in '000 Shares)
Symbol
Total OI
30-Jan % Chg.
BANKBARODA
22,570
24%
9,366,724
31%
46%
7,244,862
193
195
-11.1%
-11.0%
1.7
1,934
20%
801,524
64%
56%
249,869
2869
2892
-1.2%
-0.6%
23.0
TCS
4,842
16%
2,415,247
79%
82%
845,317
2482
2502
-2.5%
-2.3%
19.5
SBIN
62,841
15%
18,565,368
55%
49%
10,697,001
309
312
-5.5%
-5.3%
2.6
ICICIBANK
55,395
13%
14,824,027
48%
64%
1,537,519
361
363
-5.2%
-4.8%
2.5
CANBK
5,706
10%
971,677
38%
15%
711,541
443
446
-5.9%
-4.7%
3.1
TVSMOTOR
4,476
10%
726,423
29%
37%
77,924
308
309
-0.6%
-0.7%
1.1
PETRONET
5,106
9%
1,180,653
60%
48%
445,429
180
181
-4.2%
-4.3%
1.3
BANKINDIA
11,615
9%
1,949,228
32%
39%
544,195
266
268
-5.2%
-5.2%
2.0
ASIANPAINT
6,405
7%
2,435,279
68%
39%
128,575
858
864
-2.7%
-2.5%
6.6
TECHM
Del Qty Cash Market
30-Jan
% Del.
Prev
% Del.
Increase in
Del Qty
Open Interest Break-up
(Rs. in Cr.)
30-Jan
29-Jan
Change in OI
% Chg
INDEX FUTURES
27,391
INDEX OPTIONS
82,964
26,959
432
1.60
74,807
8,157
10.90
110,355
101,766
8,589
8.44
STOCK FUTURES
67,785
65,098
2,686
4.13
STOCK OPTIONS
9,022
5,859
3,163
54.00
TOTAL INDEX
TOTAL STOCKS
76,807
70,957
5,850
8.24
GRAND TOTAL
187,161
172,723
14,438
8.36
FII's
129,894
124,340
5554
4.47
57,267
48,383
8884
18.36
Others
LKP Advisory
Corporate News

Deepak Nitrite has issued Commercial Papers (CP) for Rs 40 crore value dated January 30, 2015. This has been subscribed by
HDFC Bank having maturity on March 30, 2015. The aforesaid issuance of CP is to fund working capital requirement of the
Company.

Strides Arcolab's Oral Dosage Facility (KRS Gardens) at Bangalore has been found acceptable by the United States Food and
Drug Administration (US FDA). The inspection was carried out in August 2014.

Gujarat State Fertilizers and Chemicals (GSFC) is proposing to set up 40,000 MTPA Melamine Project at an estimated cost of Rs
900 crore. The setting up of this project would be the import substitution for the company. The project is expected to be
commissioned in 3rd quarter of FY 2017-18.

Microsec Financial Services has received an approval to make an application to Reserve Bank of India (RBI) for Small Finance
Bank through its wholly owned subsidiary (WOS) Microsec Resources.

Quantum Build-Tech is considering taking up Infrastructure and Real Estate projects in alternative markets other than Hyderabad
and is planning to launch a new Project at Jaihind Nagar at Hyderabad and is exploring various alternatives to raise financial
resources.

Indosolar has signed a major Wafer Supply Contract with its strategic partner Osung LST Co., Korea. The wafer supply contract
signed as a part of this $200 million agreement covers a significant portion of Indosolar’s solar photovoltaic cell demand for FY
2015-16 of 48 million wafers valued at around $45 million.

Reserve Bank of India (RBI) has increased foreign institutional investors' (FIIs) investment limit in Veritas to 100% of its paid-up
capital. RBI has notified that FIIs/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 100 percent of the paid up
capital of Veritas under the Portfolio Investment Scheme (PIS).

Inox Wind, a subsidiary of Gujarat Fluorochemicals, has been awarded two wind farm project contracts of 54 MW and 118 MW in
Gujarat and Rajasthan, respectively by Tata Power Renewable Energy (TPREL). TPREL is a wholly owned subsidiary of Tata
Power.

Cera Sanitaryware has received an approval to increase the aggregate limit of Foreign Institutional Investors (FIIs) holding in the
company from 24% to 36%. The board of directors at their meeting held on January 29, 2015 has approved for the same.

Mahindra & Mahindra’s (M&M) business unit - Mahindra First Choice Wheels (MFCWL), multi-brand certified used car company,
has inaugurated its new authorized dealership in state of Kerala. This is the company’s 27th outlet in the state and 7th dealership in
Ernakulam. The new outlet, Kwality Kars, is spread across 2,600 square feet and is located at Amisha Arcade, Companypadi, Aluva.

Tata Teleservices (Maharashtra) (TTML) has received an approval to raise funds up to an amount of Rs 2,500 crore by issue of
Non-Convertible Debentures (NCDs), in one or more tranches, by way of Private Placement, subject to the approval of shareholders
of the company. The board of directors at their meeting held on January 29, 2015 has approved for the same.

Suryalakshmi Cotton Mills has suspended production operations at Denim division which is located near Ramtek, Nagpur District
in state of Maharashtra, due to labour unrest. The company is negotiating with the Workers Union and is reasonably confident of
settling the issue at an early date.

Bharti Airtel’s wholly owned subsidiary Airtel M Commerce Services (AMSL) is seeking to convert its existing Prepaid Payment
Instrument license into a Payments Bank license to be issued by the Reserve Bank of India.

The Board of Directors of SKS Microfinance has approved its proposal for making an application to the Reserve Bank of India (RBI)
for grant of a Small Finance Bank licence.
LKP Advisory

Palred Technologies has received an approval for the proposal of investment in the equity shares of Palred IT Services within the
prescribed limits. The board of directors at their meeting held on January 29, 2015 has approved for the same.

Kotak Mahindra Bank has agreed, subject to regulatory approvals, to invest 19.90% in Airtel M Commerce Services (AMSL), a
subsidiary of Bharti Airtel, on AMSL obtaining the Payment Bank licence from Reserve Bank of India. Moreover, AMSL is in the
process of applying for Payment Bank License to the Reserve Bank of India (RBI).

Tata Power, India's largest integrated power company has been granted with ISO/IEC 17025:2005 accreditation by the National
Accreditation Board (NABL) for its Meter Testing and Calibration Laboratories at Dharavi.

Choice International has received an approval for capital infusion of Rs 10 crore in Choice Equity Braking, a 100% subsidiary of
Choice International by subscribing equity shares. The board of directors at their meeting held on January 30, 2015 have approved
for the same.

PVR has entered into share purchase agreement with L Capital Eco on January 29, 2015 for purchase of their entire investment in
equity and preference shares of PVR Leisure. The board of directors at their meeting held on January 30, 2015 has taken the note
of it.

Jet Airways, India's premier international airline, will operate 16 additional daily Boeing 737 flights effective February 1, 2015 to
March 28, 2015 to meet increased demand on key domestic sectors.

The Government of India has successfully offloaded 10% stake in Coal India (CIL) to raise around Rs 22,400 crore recording the
highest-ever divestment proceeds in a year. The 631-million-share offer for sale (OFS) saw a total of 675 million bids at an indicative
price of Rs 358.5 a share slightly higher than the floor price of Rs 358 set by the government.

Zuari Agro Chemicals has resumed production at ammonia and urea plants. The plant was shut-down due to high pressure drop
across the low temperature shift converter.

Dewan Housing Finance Corporation (DHFL) has filed an application for seeking banking license from Reserve Bank of India
(RBI) for Small Finance Bank. The board of directors at their meeting held on January 30, 2015 have approved for the same.

Tribhovandas Bhimji Zaveri (TBZ), a well-known and trusted jewellery retailer in India, has been included in the coveted elite list of
the Asia’s Most Promising Brands 2014. Inclusion in the first-amongst-equals list underlines TBZ-The Original’s rich business legacy,
innovative designs and superlative quality, purity & craftsmanship of its products and robust commitment towards customers'
satisfaction and trust.

Binani Industries has received an approval to issue 0.01% non-cumulative redeemable preference shares of Rs 100 each up to an
amount of Rs 120 crore in one or more tranches to the promoter company, on a Private Placement Basis.

Peacock Industries is engaged in the business of Plastic Moulded Furniture and exploring opportunities through re-entering in
Export business activities. The company is exporting its products to HAITI.

Huhtamaki PPL has completed the acquisition of 100% of the shares of Positive Packaging Industries, India. This is in accordance
with the Share Purchase Agreement dated, July 08, 2014.
Economy

Framework for PM’s ambitious ‘100 smart cities’ project to be ready by Feb 28: Aggarwal
Union Urban Development Secretary Shankar Aggarwal unveiled that the framework for Prime Minister Narendra Modi's ambitious
project of developing 100 smart cities will be finalized by next month-end. The minister further said that the government in next two
days would be completing the process for identification of 100 smart cities.
LKP Advisory
The government’s objective is to develop cities with technology-based governance, which will enable efficient public services and
have 24x7 water and power supply, 100% sewerage, drainage and solid waste management facilities, besides top class
infrastructure. Further, the government expects a large contribution from the private sector in developing the cities as it plans to build
this project on public private partnership basis. As per the envisaged plan, every city would on an average need investments to the
tune of Rs 1,000 crore over next 10 years and the private sector is expected to contribute largely, nearly 80-85%, towards this
development, according to the government. Besides, Union Urban development ministry has asked the states to ensure that the
cities picked under the smart cities initiative would have to meet the broad contours listed by it, including economically viable cities,
meeting the requirements of 'e-governance', 'Swachh Bharat' and 'Make in India’.

India’s farming reforms key behind improving fiscal deficit: Moody’s
Global rating agency Moody’s in its ‘Credit Outlook Report’ underscored that India’s farming reforms were key behind cutting
country’s ballooning fiscal deficit. The rating agency highlighted that improvement in India’s sovereign rating will depend upon the
government’s ability to pursue farm sector reform since this would have substantial bearing on inflation and fiscal deficit.
The rating agency expects that farm sector reform would improve the efficiency of India's food supply chain, which would definitely
be credit positive since this will reduce inflationary pressures and the government's fiscal deficit, two key constraints on the
sovereign's credit quality. Moody's has assigned a ‘Baa3’ rating with stable outlook on India. According to Moody's, annual spending
on food subsidies grew by 20% on average over the past eight years, compared with 16% overall expenditure growth during the
same period. The central government spent about 0.88% of GDP on food subsidies in fiscal year 2014, which accounted for 18% of
its fiscal deficit.

India's FDI rises by 26% in 2014: 'Global Investment Trade Monitor' report
Regardless of decline in global foreign direct investment (FDI) inflows, 'Global Investment Trade Monitor' report released by United
Nations Conference on Trade and Development (UNCTAD) showed that India’s FDI increased by 26% in 2014 to an estimated $35
billion. Notably, the figure is one of the highest in recent years, though in 2008 FDI peaked in India with $47 billion investment
followed by $35.6 billion in 2009. Meanwhile, the top five countries in FDI list in 2014 were China ($128 billion), followed by Hong
Kong ($111 billion), the US ($86 billion), Singapore ($81 billion) and Brazil ($62 billion). Further, the report pointed that maximum
growth in services sector especially in electricity, gas, water, waste management and information and communication, led to sharp
surge of FDI in the country.
According to UNCTAD, India still remains the brightest spot for FDI despite a global decline and FDI is at a significant historical high,
if not at the highest level of investment. However, China piped US to top the FDI recipient list and emerged as world's largest
recipient of FDI. The world’s largest economy, United States (US) has been holding the position of world’s largest recipient of FDI,
since 1980’s despite a modest rise of 3%. However, the drop in FDI in the US has been primarily due to a fall in cross-border M&A
sales, particularly due to the Verizon-Vodafone deal and stood at$ 10 billion in 2014 from $ 60 billion in 2013. It had exceeded $222
billion in 2008. Lastly, the report underscored that while the overall FDI flows to developed countries dropped by 14%, FDI in
developing economies reached to new high with global share of 56%.
Source: Reuters, Ace Equity & LKP Research
LKP Advisory
Tech View
CNX Nifty
Technical View
Nifty witnessed a considerable fall from around 9000 levels indicating that the index is expected to face pressure at higher levels. Profit
booking across the sectors was evident which implies sector specific influence will keep the index subdued for few days. The immediate
support levels are now seen at 8700-8750 levels whereas resistance is seen at 8900 levels. The index is expected to open with a
muted start and may test 8750 levels today. If it fails to sustain those levels then it can fall further to levels of 8700.
IMPORTANT LEVELS FOR THE DAY
Support
BSE
NSE
BANKNIFTY
S1
28,888
8723
19522
S2
28,297
8554
18859
R1
29,844
8997
20595
R2
30,435
9166
21259
Pivot
29,366
8,860
20,059
Resistance
.
LKP Advisory
Tech View
PIVOT POINTS
Scrip Name
CMP
RB2
RB1
PP
SB1
SB2
ACC
Scrip Name
CMP
RB2
RB1
PP
SB1
SB2
1560
1643
1600
1565
1529
1486
GAIL
423
430
426
423
420
416
ADANIENT
627
726
663
612
562
499
GLENMARK
719
744
732
722
712
700
ADANIPORTS
341
378
356
339
321
299
GMRINFRA
19
22
20
19
17
16
ADANIPOWER
52
55
53
52
50
48
GODREJIND
311
327
319
313
307
299
ALBK
116
130
124
118
113
107
GRASIM
3884
4064
3977
3907
3837
3750
AMBUJACEM
249
270
258
249
239
228
HAVELLS
258
272
265
260
255
249
ANDHRABANK
91
102
96
90
85
78
HCLTECH
1792
1881
1830
1788
1747
1696
APOLLOHOSP
1314
1457
1390
1335
1280
1213
HDFC
1263
1388
1331
1284
1238
1180
APOLLOTYRE
243
257
248
241
233
224
HDFCBANK
1077
1121
1097
1079
1060
1037
ARVIND
291
311
301
293
285
275
HDIL
110
126
115
107
99
88
ASHOKLEY
66
69
67
66
65
63
2866
2996
2936
2887
2837
2777
ASIANPAINT
858
914
888
867
846
819
HEXAWARE
226
233
229
225
221
216
1248
1279
1258
1242
1225
1204
HINDALCO
140
147
143
140
138
134
588
620
605
592
579
564
HINDPETRO
658
696
672
652
633
609
2392
2452
2420
2394
2368
2336
HINDUNILVR
933
952
942
934
926
916
BANKBARODA
193
248
222
200
178
151
HINDZINC
175
183
179
175
171
167
BANKINDIA
266
304
286
271
256
238
IBREALEST
83
90
86
83
80
76
BATAINDIA
1423
1512
1470
1436
1402
1360
ICICIBANK
361
404
383
366
349
328
BHARATFORG
1034
1077
1054
1036
1019
996
IDBI
71
77
74
72
69
67
BHARTIARTL
374
394
383
374
364
353
IDEA
155
166
160
156
152
147
BHEL
292
309
299
292
284
275
IDFC
172
189
179
171
163
153
BIOCON
415
427
420
415
409
403
IFCI
38
42
40
38
36
35
BPCL
749
792
768
748
728
703
IGL
465
485
475
467
459
449
CAIRN
233
241
237
233
230
226
INDIACEM
108
118
113
109
105
100
CANBK
443
499
474
453
433
407
INDUSINDBK
870
899
885
874
862
848
CENTURYTEX
574
603
588
576
564
550
INFY
2142
2193
2166
2144
2122
2095
CESC
731
760
742
728
713
696
IOB
57
63
60
57
55
52
CIPLA
696
713
704
697
689
681
IOC
347
365
356
349
341
333
COALINDIA
361
367
364
362
359
356
IRB
269
285
277
270
263
255
1876
1957
1918
1886
1854
1815
ITC
369
380
373
368
363
357
CROMPGREAV
190
200
195
191
187
182
JINDALSTEL
159
167
162
158
154
149
DABUR
256
272
264
257
249
241
JISLJALEQS
70
76
72
69
66
61
DISHTV
79
84
81
80
78
76
JPASSOCIAT
29
32
30
28
26
24
1742
1858
1797
1748
1698
1637
JPPOWER
12
13
12
12
11
11
170
183
176
170
165
158
JSWENERGY
121
125
123
121
119
116
DRREDDY
3233
3507
3375
3269
3163
3032
JSWSTEEL
977
1046
1010
980
951
914
EXIDEIND
186
204
196
189
182
174
JUBLFOOD
1390
1477
1434
1400
1365
1322
FEDERALBNK
142
149
145
143
140
137
JUSTDIAL
1555
1602
1574
1551
1529
1501
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
1322
1373
1349
1329
1310
1286
TATACHEM
457
479
468
459
450
438
143
153
148
144
140
135
TATACOMM
411
424
417
412
407
401
69
72
70
69
68
66
TATAGLOBAL
159
170
164
158
153
147
479
510
495
482
470
454
TATAMOTORS
585
623
605
590
576
558
LT
1701
1788
1744
1708
1673
1629
TATAMTRDVR
364
375
369
364
359
353
LUPIN
1585
1638
1602
1574
1545
1510
TATAPOWER
91
95
92
90
88
85
M&M
1265
1334
1302
1276
1250
1218
TATASTEEL
390
402
396
391
385
379
M&MFIN
255
270
260
252
245
235
TCS
2482
2654
2574
2509
2444
2364
MARUTI
3647
3830
3742
3672
3601
3513
TECHM
2869
3112
2994
2899
2804
2686
MCDOWELL-N
3451
3691
3576
3484
3391
3277
TITAN
431
454
443
434
425
415
MCLEODRUSS
206
212
208
206
203
200
UBL
975
1046
1013
986
959
926
40037
40876
40388
39993
39598
39110
75
81
78
76
74
71
NHPC
19
21
20
19
19
18
3140
3262
3195
3141
3086
3019
NMDC
142
149
145
142
139
135
UNIONBANK
209
230
220
212
203
193
UNITECH
KTKBANK
L&TFH
LICHSGFIN
MRF
NTPC
144
152
148
144
141
137
OFSS
3397
3511
3444
3390
3335
3268
ONGC
351
362
356
352
347
ORIENTBANK
266
296
282
271
PETRONET
180
198
189
PFC
298
316
PNB
190
213
POWERGRID
148
PTC
RANBAXY
RCOM
ULTRACEMCO
19
20
19
19
18
17
UPL
368
383
375
369
363
355
341
VOLTAS
269
289
279
271
263
253
260
245
WIPRO
607
622
613
605
597
587
182
174
165
YESBANK
862
908
886
868
851
828
307
299
292
283
ZEEL
377
398
387
379
370
360
202
193
184
174
154
151
148
145
142
100
105
102
100
98
95
703
731
716
704
692
677
80
87
83
81
78
74
RECLTD
333
363
349
337
326
311
RELCAPITAL
486
510
494
481
468
451
RELIANCE
915
949
932
919
905
888
RELINFRA
508
546
521
502
482
457
RPOWER
65
68
66
65
63
62
SAIL
77
81
79
78
76
74
SBIN
309
348
330
315
301
283
SIEMENS
1042
1127
1074
1031
987
934
SRTRANSFIN
1142
1201
1171
1147
1123
1094
SSLT
202
213
206
201
196
190
SUNPHARMA
918
943
929
919
908
895
SUNTV
407
429
418
410
402
391
SYNDIBANK
117
129
123
119
114
108
LKP Advisory
UCOBANK
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. LKP Securities Ltd., and affiliates may seek to
provide or have engaged in providing corporate finance, investment banking or other advisory services in a merger or specific transaction to the companies referred to in this
report, as on the date of this report or in the past.
LKP Securities Ltd. Ph: (91-22) 66351234 FAX: (91-22) 66351249 E Mail: [email protected] web: http://www.lkpsec.com
LKP Advisory