May 16, 2016

Institutional Equity Research

Market Lens

NIFTY 7815

IN FOCUS

Support 7780

Stock in Focus

INDIAN BANK

7700

Positional Pick

BHARAT FORGE

Resistance 7860

Intraday Pick

HCL TECH

7920
Intraday Pick

NTPC

EQUITY INDICES
Indices

Absolute Change

Domestic
BSE Sensex

Percentage Change

Last Trade

Change

1-D

1-Mth

YTD

25,489.6

(300.7)

-1.2%

-0.5%

-2.4%

CNX Nifty

7,814.9

(85.5)

-1.1%

-0.5%

-1.7%

S&P CNX 500

6,582.3

(58.6)

-0.9%

0.1%

-2.1%

CNX IT INDEX

11,030.7

(50.4)

-0.5%

-2.8%

-1.6%

International

Last Trade

Change

1-D

1-Mth

YTD

17,535.3

(185.2)

-1.1%

-2.0%

0.6%

DJIA

4,717.7

(19.7)

-0.4%

-4.5%

-5.8%

NIKKEI

NASDAQ

16,553.8

141.6

0.9%

-1.7%

-13.0%

HANGSENG

19,758.4

39.1

0.2%

-7.3%

-9.8%

796.1

(10.6)

-1.3%

-6.0%

0.2%

MSCI Emerging Mkts

ADRs / GDRs

STOCK IN FOCUS
Indian Bank closed 5.6% higher, outperforming benchmark
NIFTY by 6.7%. Despite elevated stress formation, the Bank has
delivered fairly better operating performance compared to peer on
the back of decent growth in operating profit (8.8% qoq & 1.2%
yoy) and relatively better growth in CASA deposits (13.3% yoy
& 6.75% qoq). Asset quality stress is expected to persist for the
Bank over next 2-3 quarters along with elevated credit costs, which
would keep RoAs subdued at ~0.6-0.7% and RoEs at ~5-7%
over FY16-18E. However, the Bank seems to be relatively better
placed compared to its PSU peers in effectively managing cleanup of current loan book. Further, it is adequately capitalized (Tier-I
ratio of 12.1%) and will not require any adverse dilution (below
book value dilution) in the near-term, which is positive for the longterm investors. Hence, we maintain our BUY recommendation
on the stock with a revised Target Price of Rs105, which implies
0.4XFY18E adjusted book value.

Dr. Reddys Lab (ADR)

Last Trade

Change

1-D

1-Mth

YTD

43.2

0.3

0.7%

-6.8%

-6.7%

Tata Motors (ADR)

28.8

0.0

0.0%

-7.3%

-2.4%

Infosys (ADR)

18.6

(0.2)

-0.9%

-7.3%

10.7%
-13.9%

ICICI Bank (ADR)

6.7

(0.3)

-3.6%

-8.9%

HDFC Bank (ADR)

63.2

(1.2)

-1.8%

0.4%

2.6%

Axis Bank (GDR)

36.7

(0.2)

-0.5%

9.7%

9.1%

Reliance Ind (GDR)

29.1

(0.3)

-1.2%

-9.1%

-5.1%

Key Commodities

Last Trade

Change

1-D

1-Mth

YTD

Brent Crude ($/bl)

47.9

1.5

3.3%

8.9%

31.1%

COMMODITY MARKET

Silver ($/Oz)

17.2

0.1

0.6%

6.1%

24.2%

Gold ($/Oz)

1,278.1

4.7

0.4%

3.7%

20.5%
-1.5%

Copper LME ($/MT)

4,636.0

8.8

0.2%

-4.4%

Aluminium LME ($/MT)

1,516.8

(12.0)

-0.8%

-2.0%

1.1%

600.0

21.0

3.6%

-5.5%

25.5%

1-Mth

YTD

Baltic Dry

CURRENCY RATES

Last Trade

Intraday Picks
HCL TECH (LTP: 721) BUY
For todays trade, long position can be initiated only in Rs708-705
range for target of Rs730 with a strict stop loss of Rs698. Traders
are advised to avoid early morning whipsaw.

1-D

USD/INR

66.8

66.6

0.2%

0.2%

0.9%

EUR/INR

75.8

75.9

-0.1%

0.6%

5.1%

Positional Pick
BHARAT FORGE (LTP: 751) SELL
For todays trade, short position can be initiated only in Rs765-785
range for target of Rs720 with a stop loss of Rs800.

Change

RATES

Last Trade

Change

1-D

1-Mth

YTD

T-Bill - 91 D

6.8

6.8

0.3%

1.1%

-4.5%

10 Year G-sec Yield

7.4

7.4

0.3%

0.1%

-4.0%

INVESTMENT ACTIVITY (RS. CR)

Category

BUY SELL

NET Prev

FII

5,590.5 4,096.6

1493.9

24.1

DII

2,213.8 1,546.7

667.0

258.4

EXCHANGE TURNOVER
Exchange

Rs Crore

NTPC (LTP: 141) BUY

BSE Equity

2,507.8

For todays trade, long position can be initiated only in Rs138-137

range for target of Rs144 with a strict stop loss of Rs136. Traders
are advised to avoid early morning whipsaw.

BSE Derivatives
NSE Equity
NSE Derivatives

0.42
19,337.0
2,90,064.3

May 16, 2016

Institutional Equity Research

Market Lens

NIFTY 7815

IN FOCUS

Support 7780

Stock in Focus

INDIAN BANK

7700

Positional Pick

BHARAT FORGE

Resistance 7860

Intraday Pick

HCL TECH

7920
Intraday Pick

NTPC

Technical Research
MARKET SYNOPSIS
ff On Friday, NSE-NIFTY
extended losses post
dull
opening
amidst
negative global cues and
selling across the board
(except Media counters),
where
even
narrow
range
consolidation
failed to save index from
falling lower. Finally, after
registering high of 7,881
and low of 7,784 levels
during the day, NIFTY shut
the shop at 7,815 mark,
with cut of 86 points.
ff NSE
Cash
segment
has reported turnover
of Rs19,337 crore as
compared to Rs15,781
crore earlier.
ff Overall market breadth
turned negative, where 577 stocks advanced against 967 declined stocks.
ff Except Media (gained by 0.5%), negative trend was witnessed amongst all sectoral indices during the day, where Realty & Metal
indices emerged as top losers with decrease of 2.5% & 2.2% respectively.

NSE-NIFTY OUTLOOK
ff NSE-NIFTY breached two weeks old falling trend with 1% gain, where index closed in red twice out of five trading sessions. As
mentioned earlier, any stable move above 7,900 mark will bring positivity in the market, but on Friday, index reversed before visiting
that mark and slipped to one week low. Increase in market participation with negative market breadth is signalling lack of buying
interest in the market at this juncture and negative cross-over in key technical indicators-RSI & Stochastic are indicating near-term
weakness in the market. We believe index will remain in pressure till the time it stays below 7,900 mark and on further decline, it
will initially find support around 7,700 mark (50-days EMA) and then at 7,575 level (junction of 100-days SMA and 50% Fibonacci
retracement level of prior fall). However, on the higher side, psychological mark-8,000 will remain key level to watch out for.
ff As for the day, support is placed around 7,780 and then at 7,700 levels, while resistance observed at 7,860 and then around 7,920
levels.

May 16, 2016

Institutional Equity Research

Market Lens

NIFTY 7815

IN FOCUS

Support 7780

Stock in Focus

INDIAN BANK

7700

Positional Pick

BHARAT FORGE

Resistance 7860

Intraday Pick

HCL TECH

7920
Intraday Pick

NTPC

Technical Research
Positional Pick: BHARAT FORGE
CMP: 751 | RECO: SELL | RANGE: 765-785 | TARGET: 720 | STOP LOSS: 800
Bharat

Forge,

post

giving

breakdown around level of

Rs820 registered a low of
about Rs755 before reversing
back to its short term averages.
Stock continues to find strong
resistance around its 20 and
50 day exponential moving
averages placed in the range of
Rs790 to Rs800. MACD below
the neutral line while RSI below
50 mark indicates inherent
weakness in the stock. We
believe any uptick in short term
from current level provides a
good opportunity to short the
stock for a fresh dip towards
level of Rs720 to Rs700 in
short term.
Thus, for todays trade, short
position can be initiated only in
Rs765-785 range for target of Rs720 with a stop loss of Rs800.

NIFTY 7815

IN FOCUS

Support 7780

Stock in Focus

INDIAN BANK

7700

Positional Pick

BHARAT FORGE

Resistance 7860

Intraday Pick

HCL TECH

7920
Intraday Pick

NTPC

May 16, 2016

Institutional Equity Research

Market Lens

Derivatives Snapshot
Domestic bourses ended last day of the week on a weak note with NIFTY 50, ending the session around 7,815 mark down 86 points.
During the session, NIFTY after registering a low of 7,784 registered a high of 7,881 before ending the session. Sectorally, except for the
Media index that gained close to 0.5%, almost all the sectoral indices ended the session on a weak note. Nifty Realty and metal emerged
as top losers down 2.5% and 2.2% each respectively. Broader market indices ended the session on a weak note with Midcap 100
declining 0.4% while the Smallcap 100 lost about 0.3% respectively. Nifty May futures ended with premium of about 18 point at 7,833
mark while on other hand, Bank Nifty May futures ended with the premium of about 26 points at 16,743 mark.
Sectoral Activity: Amongst sectoral index, Nifty Realty adds long position.
Stock Activity: SRF observed build up in short position.
Delivery Action: Based on delivery analysis, distribution was observed in Eicher Motors.

TOP 5 PRICE GAINERS

Stock Name

LTP

% Price Chg

% Vol Chg

%OI Chg

Support

Pivot

Resistance

POWER FIN CORP LTD.

174.5

5.9%

166.0%

-0.8%

168

172

178

HAVELLS INDIA LIMITED

359.8

5.1%

450.6%

-2.5%

348

357

369

IDFC LTD

49.8

4.2%

489.6%

0.3%

47

50

52

THE SOUTH INDIAN BANK LTD

18.7

3.6%

2.9%

-1.9%

18

18

19

391.2

2.4%

132.9%

18.9%

382

390

399

SUN TV NETWORK LIMITED

TOP 5 PRICE LOSERS

Stock Name

LTP

% Price Chg

% Vol Chg

%OI Chg

Support

Pivot

Resistance

1261.2

-9.1%

243.3%

31.6%

1208

1288

1342

34.0

-6.2%

343.7%

51.6%

33

34

35

RELIANCE COMMUNICATIONS L

51.7

-5.4%

168.8%

8.2%

51

52

54

RELIANCE INFRASTRUCTU LTD

510.8

-5.1%

41.6%

23.9%

499

519

530

98.0

-4.8%

29.0%

2.8%

96

99

101

SRF LTD
UCO BANK

VEDANTA LIMITED

TOP 5 OI GAINERS

Stock Name

LTP

% Price Chg

% Vol Chg

%OI Chg

Support

Pivot

UCO BANK

34.0

-6.2%

343.7%

51.6%

33

34

35

1261.2

-9.1%

243.3%

31.6%

1208

1288

1342

SRF LTD
RELIANCE INFRASTRUCTU LTD
EICHER MOTORS LTD
SUN TV NETWORK LIMITED

Resistance

510.8

-5.1%

41.6%

23.9%

499

519

530

18992.8

-3.8%

2172.1%

21.0%

18397

18975

19571

391.2

2.4%

132.9%

18.9%

382

390

399

TOP 5 OI LOSERS
Stock Name

LTP

% Price Chg

% Vol Chg

%OI Chg

Support

Pivot

INDIABULLS REAL EST. LTD

79.9

-4.4%

4.1%

-15.0%

77

80

Resistance
83

APOLLO TYRES LTD

159.8

0.7%

-65.4%

-9.4%

157

159

162

ENGINEERS INDIA LTD

178.7

-3.9%

-13.8%

-8.8%

176

181

184

OIL INDIA LTD

328.6

1.1%

-17.4%

-8.1%

324

327

332

TITAN COMPANY LIMITED

364.7

-2.5%

112.2%

-6.9%

357

371

378
4

May 16, 2016

Institutional Equity Research

Market Lens

NIFTY 7815

IN FOCUS

Support 7780

Stock in Focus

INDIAN BANK

7700

Positional Pick

BHARAT FORGE

Resistance 7860

Intraday Pick

HCL TECH

7920
Intraday Pick

NTPC

Derivatives Snapshot
TOP 5 RISE IN % DEL CHG
Stock Name
EICHER MOTORS LTD

LTP

% Price Chg

% Vol Chg

% Del Chg

Support

Pivot

Resistance

18992.8

-3.8%

2172.1%

2689.5%

18397

18975

19571

HAVELLS INDIA LIMITED

359.8

5.1%

450.6%

478.1%

348

357

369

HEXAWARE TECHNOLOGIES LTD

207.7

-3.6%

261.8%

383.1%

204

210

213

RELIANCE COMMUNICATIONS L

51.7

-5.4%

168.8%

326.5%

51

52

54

831.8

-2.5%

224.3%

304.4%

818

836

849

HINDUSTAN UNILEVER LTD.

TOP 5 DECLINE IN % DEL CHG

Stock Name

LTP

% Price Chg

% Vol Chg

% Del Chg

Support

Pivot

Resistance

INDIABULLS HSG FIN LTD

716.1

0.5%

-67.3%

-74.8%

709

718

726

ZEE ENTERTAINMENT ENT LTD

448.9

0.3%

-46.0%

-74.2%

442

448

455

CASTROL INDIA LIMITED

422.9

-1.3%

-47.3%

-73.8%

418

426

430

PETRONET LNG LIMITED

278.6

-1.8%

-38.5%

-69.2%

276

280

283

1078.6

1.4%

-42.6%

-69.0%

1063

1072

1088

DIVIS LABORATORIES LTD

SECTORAL ACTIVITY

Value

Average of OI

Average of Price

Total

Average of

Total OI

Change %

Change %

Volume

Volume Change %

135253150

1.8%

-0.8%

23209408

108.5%

79950850

0.1%

-0.3%

12504085

47.6%

Consumer Discretionary
Consumer Staples
Energy
Financials
Health Care
Industrials
Information Technology

121725700
1460019700
69003750
679658900
71260250

-0.2%

-0.6% 14469488

-11.5%

2.3%

-1.2% 230724080

39.0%

0.9%

-0.3%

19.0%

0.5%

-1.4% 108636166

56.9%

-0.5%

44.4%

-0.5%

9526844
13117133

Materials

378476775

3.2%

-2.0% 48371721

29.8%

Telecommunication Services

214341300

3.1%

-1.3%

58.5%

Utilities

663216000

1.7%

-1.1% 43237617

11.8%

1.6%

-1.1%

43.5%

Grand Total

3872906375

24192066
527988608

May 16, 2016

Institutional Equity Research

Market Lens

NIFTY 7815

IN FOCUS

Support 7780

Stock in Focus

INDIAN BANK

7700

Positional Pick

BHARAT FORGE

Resistance 7860

Intraday Pick

HCL TECH

7920
Intraday Pick

NTPC

Pivot Table
Name
Nifty 50
Nifty IT
Nifty Bank
ACC LIMITED
ADANI PORT & SEZ LTD
AMBUJA CEMENTS LTD
ASIAN PAINTS LIMITED
AUROBINDO PHARMA LTD
AXIS BANK LIMITED
BAJAJ AUTO LIMITED
BANK OF BARODA
BHARTI AIRTEL LIMITED
BHEL
BOSCH LIMITED
BHARAT PETROLEUM CORP LT
CIPLA LTD
COAL INDIA LTD
DR. REDDYS LABORATORIES
EICHER MOTORS LTD
GAIL (INDIA) LTD
GRASIM INDUSTRIES LTD
HCL TECHNOLOGIES LTD
HDFC LTD
HDFC BANK LTD
HERO MOTOCORP LIMITED
HINDALCO INDUSTRIES LTD
HINDUSTAN UNILEVER LTD.
ICICI BANK LTD.
IDEA CELLULAR LIMITED
INDUSIND BANK LIMITED
BHARTI INFRATEL LTD.
INFOSYS LIMITED
ITC LTD
KOTAK MAHINDRA BANK LTD
LARSEN & TOUBRO LTD.
LUPIN LIMITED
MAHINDRA & MAHINDRA LTD
MARUTI SUZUKI INDIA LTD.
NTPC LTD
OIL AND NATURAL GAS CORP.
POWER GRID CORP. LTD.
RELIANCE INDUSTRIES LTD
STATE BANK OF INDIA
SUN PHARMACEUTICALS IND.
TATA MOTORS LIMITED
TATA MOTORS DVR A ORD
TATA POWER CO LTD
TATA STEEL LIMITED
TATA CONSULTANCY SERV LT
TECH MAHINDRA LIMITED
ULTRATECH CEMENT LIMITED
WIPRO LTD
YES BANK LIMITED
ZEE ENTERTAINMENT ENT LTD

LTP
Support 2
Support 1
Pivot
Resistance 1
Resistance 2
7814.9
7729.9
7772.4
7826.7
7869.2
7923.5
11030.7
10937.6
10984.2
11032.7
11079.3
11127.8
16716.9
16437.2
16577.1
16734.4
16874.2
17031.5
1457.1
1431.7
1444.4
1453.7
1466.4
1475.6
188.55
168.6
178.6
189.4
199.4
210.3
217.25
213.8
215.5
218.6
220.3
223.4
943.65
919.4
931.5
939.8
951.9
960.2
784.25
762.6
773.4
790.9
801.8
819.3
490.65
481.4
486.0
491.1
495.7
500.8
2517.7
2487.2
2502.5
2523.7
2539.0
2560.2
155.1
152.2
153.6
155.6
157.0
159.0
354.9
347.6
351.3
356.6
360.3
365.6
122.75
120.3 121.5 123.8
125.0
127.3
20676.15
20170.2
20423.2
20754.0
21006.9
21337.7
927.8
911.9
919.8
927.4
935.4
943.0
531.7
524.8
528.3
533.5
536.9
542.1
281.45
276.2
278.8
281.2
283.9
286.3
2917.2
2856.2
2886.7
2915.2
2945.7
2974.2
18992.8
17801.9
18397.4
18975.5
19570.9
20149.0
379.6
368.7
374.2
380.7
386.2
392.7
4251.75
4126.0
4188.9
4225.9
4288.8
4325.8
723.15
707.1
715.1
721.1
729.1
735.1
1166
1131.5
1148.7
1175.9
1193.2
1220.4
1140.9
1121.6
1131.3
1139.6
1149.3
1157.6
2912.6
2862.9
2887.8
2917.8
2942.7
2972.7
89.3
86.0
87.6
90.5
92.2
95.1
831.8
804.6
818.2
835.6
849.2
866.6
226.5
219.7
223.1
226.8
230.2
233.8
113.55
110.9
112.2
113.3
114.7
115.8
1065.2
1049.1
1057.1
1063.1
1071.1
1077.1
374.9
360.5
367.7
371.9
379.1
383.2
1207.25
1185.3
1196.3
1203.1
1214.1
1221.0
319.35
312.2
315.8
318.7
322.3
325.3
708.25
692.8
700.5
714.7
722.4
736.6
1286.5
1259.4
1273.0
1294.0
1307.5
1328.5
1588.7
1564.9
1576.8
1596.9
1608.8
1628.8
1312.75
1285.9
1299.3
1315.5
1328.9
1345.1
3846.25
3800.8
3823.5
3850.7
3873.4
3900.6
141
139.3
140.2
140.9
141.8
142.5
203.75
200.0
201.9
203.9
205.8
207.9
144.75
141.3
143.0
144.1
145.8
146.9
978.15
965.7
971.9
981.2
987.5
996.8
184.85
182.1
183.5
185.7
187.1
189.4
795.05
784.8
789.9
797.6
802.8
810.5
389.95
381.3
385.6
389.8
394.1
398.3
276.95
271.2
274.1
277.5
280.4
283.8
70.35
68.9
69.6
70.4
71.1
71.9
322.65
316.3
319.5
324.4
327.6
332.6
2523.4
2477.3
2500.4
2533.2
2556.2
2589.0
479.8
472.5
476.2
479.8
483.5
487.1
3151.65
3081.8
3116.7
3169.9
3204.8
3258.0
539.65
534.1
536.9
539.8
542.6
545.5
950.55
935.1
942.8
951.9
959.6
968.7
448.85
434.9
441.9
448.0
455.0
461.1
6

NIFTY 7815

IN FOCUS

Support 7780

Stock in Focus

INDIAN BANK

7700

Positional Pick

BHARAT FORGE

Resistance 7860

Intraday Pick

HCL TECH

7920
Intraday Pick

NTPC

May 16, 2016

Institutional Equity Research

Market Lens

Bulk Deals Snapshot

Deal Date
13-05-2016

Scrip Code
539544

Company
ABHIINFRA

Client Name
SAMTA VINODKUMAR CHATURVEDI

Deal Type*
B

Quantity
20,000

Price **
35.0

13-05-2016

536737

ACFSL

SOHAM SECURITIES

72,000

22.0

13-05-2016

539042

AGIIL

E TRICKS ENTERPRISES PRIVATE LIMITED

60,000

100.0

13-05-2016

539042

AGIIL

SAJANKUMAR RAMESHWARLAL BAJAJ

60,000

100.0

13-05-2016

539872

BAJAJHCARE

E TRICKS ENTERPRISES PRIVATE LIMITED

57,600

172.9

13-05-2016

538576

BHANDERI

MATADIN BASHESHWARLAL SHARMA

14,400

130.0
130.0

13-05-2016

538576

BHANDERI

AJAY VISHWANATH AGARWAL

14,400

13-05-2016

532413

CEREBRAINT

VIRAL DINESH SHAH

614,810

13.7

13-05-2016

532413

CEREBRAINT

VIRAL DINESH SHAH

614,810

13.7

13-05-2016

539786

DUNE

NEETA GANPATBHAI DABHI

103,048

19.0

13-05-2016

539486

GEETANJ

DEEPA AMAR LARAI

26,000

19.5

13-05-2016

503669

KKFIN

HANUMAN FREIGHT AND CARRIERS PRIVATE LIMITED

500,000

5.1

13-05-2016

503669

KKFIN

HRISHIKESH IMPEX PRIVATE LIMITED

500,000

5.1

13-05-2016

539446

KRISHFAB

SAMRAS ORGANISERS

15,403

31.0
21.5

13-05-2016

539408

KUBERJI

SANTOSH PANDURANG KATE

19,000

13-05-2016

535387

LAKHOTIA

SANWARIA VINCOMM PRIVATE LIMITED

925,000

8.0

13-05-2016

535387

LAKHOTIA

GAZI ESTATES PRIVATE LIMITED

925,000

8.0

13-05-2016

516007

MANGTIMBER

FALGUNI DEDHIA

97,146

25.6

13-05-2016

516007

MANGTIMBER

FALGUNI DEDHIA

900

24.8

13-05-2016

517467

MARSONS

SHISHIR MADHAV CHAVAN

128,125

14.6

13-05-2016

539200

NOBPOL

KALPESH ANILBHAI MALVI

33,000

5.4

13-05-2016

539200

NOBPOL

NISHIL SURENDRABHAI MARFATIA

48,881

5.4

13-05-2016

539200

NOBPOL

NISHIL SURENDRABHAI MARFATIA

58,232

5.4

13-05-2016

530815

REFNOL

LOKESH KUMAR AGARWAL

20,790

18.7

13-05-2016

539760

RELICAB

SAJANKUMAR RAMESHWARLAL BAJAJ

204,000

20.6

13-05-2016

539760

RELICAB

KAVITA SHASHI CHOUDHARY

204,000

20.6

13-05-2016

526492

RISHIROOP

ASHOK KUMAR BILGAIYAN

33,591

39.4

13-05-2016

526492

RISHIROOP

ASHOK KUMAR BILGAIYAN

33,591

37.0

13-05-2016

531699

SUPRDOM

RAMESHBHAI VALLABHBHAI PATEL

40,000

5.7

13-05-2016

531699

SUPRDOM

NEERAJ ARORA

168,909

5.5

13-05-2016

531699

SUPRDOM

NEERAJ ARORA

183,196

6.2
26.0

13-05-2016

539402

VAL

SAJANKUMAR RAMESHWARLAL BAJAJ

112,000

13-05-2016

539402

VAL

TIA ENTERPRISES PRIVATE LIMITED

112,000

26.0

13-05-2016

539659

VIDLI

CHARANDEEP SINGH

30,000

28.8

13-05-2016

539659

VIDLI

EPCOT TRADING LLP

30,000

28.8

13-05-2016

530627

VIPULDYE

LYDIA CONSTRUCTION PRIVATE LIMITED

34,200

56.0

*B - Buy, S - Sell, ** = Weighted Average Trade Price / Trade Price

NIFTY 7815

IN FOCUS

Support 7780

Stock in Focus

INDIAN BANK

7700

Positional Pick

BHARAT FORGE

Resistance 7860

Intraday Pick

HCL TECH

7920
Intraday Pick

NTPC

May 16, 2016

Institutional Equity Research

Market Lens

Monthly Economic Calendar

Date

Country Event

16-May-16

IN

Wholesale Prices YoY

17-May-16

US

CPI MoM

17-May-16

JN

Industrial Production MoM

Period

Prior

Apr

-0.9%

Apr

0.1%

Mar F

Apr F

--

14-May

--

18-May-16

EC

CPI YoY

19-May-16

US

Initial Jobless Claims

19-May-16

AU

Unemployment Rate

26-May-16

UK

GDP YoY

26-May-16

US

Initial Jobless Claims

21-May

27-May-16

US

GDP Annualized QoQ

1Q S

0.0

31-May-16

IN

Fiscal Deficit INR Crore

Mar

40,591

31-May-16

IN

Fiscal Deficit INR Crore

Apr

--

31-May-16

IN

GDP Annual Estimate YoY

1Q P

7.6%

31-May-16

IN

GDP YoY

1Q

7.3%

31-May-16

IN

GVA YoY

1Q

7.1%

Apr

5.7%

1Q P

2.1%
--

May 16, 2016

Institutional Equity Research

Market Lens

NIFTY 7815

IN FOCUS

Support 7780

Stock in Focus

INDIAN BANK

7700

Positional Pick

BHARAT FORGE

Resistance 7860

Intraday Pick

HCL TECH

7920
Intraday Pick

NTPC

Corporate Actions
Ex-Dividend
Company Name

Ex-Date

Purpose

Nestle India Limited

16-May-16

Dividend-Rs.18.50 Per Share

Reliance Industrial Infrastructure Limited

20-May-16

Dividend Rs.3.50 Per Share

Kitex Garments Limited

02-Jun-16

AGM/ Dividend -Re 0.75/- Per Share

R Systems International Limited

07-Jun-16

AGM

Infosys Limited

09-Jun-16

AGM And Final Dividend Rs.14.25 Per Share

Standard Industries Limited

09-Jun-16

AGM/ Dividend- Re 0.75/- Per Share

Gruh Finance Limited

10-Jun-16

AGM/ Dividend - Rs 2.30/- Per Share

Kansai Nerolac Paints Limited

14-Jun-16

AGM/Final Dividend Rs 1.80/- + Special Dividend Rs 1.25/- Per

Share

ICICI Bank Limited

16-Jun-16

AGM/ Dividend - Rs 5/- Per Share

Vedanta Limited

23-Jun-16

AGM

Welspun India Limited

23-Jun-16

AGM/ Dividend - Re 0.05/- Per Share

Company Name

Board Meeting Date

Purpose

BF Investment Limited

16-May-16

Results

Triveni Engineering & Industries Limited

16-May-16

Results

TRF Limited

16-May-16

Results

Vimta Labs Limited

16-May-16

Results/Dividend

Tourism Finance Corporation of India Limited

16-May-16

Results/Dividend

Tata Coffee Limited

16-May-16

Results/Dividend

Strides Shasun Limited

16-May-16

Results/Dividend

National Buildings Construction Corporation Ltd

16-May-16

Results/Dividend

JK Tyre & Industries Limited

16-May-16

Results/Dividend

PNB Gilts Limited

16-May-16

Results/Dividend

Pioneer Distilleries Limited

16-May-16

Results

Mangalam Drugs And Organics Limited

16-May-16

Results/Others

Manaksia Coated Metals & Industries Limited

16-May-16

Results

Manaksia Aluminium Company Limited

16-May-16

Results

Petronet LNG Limited

16-May-16

Results/Dividend

Petronet LNG Limited

16-May-16

Results

Pennar Engineered Building Systems Limited

16-May-16

Results

Piramal Enterprises Limited

16-May-16

Results

Maan Aluminium Limited

16-May-16

Results/Dividend

Onward Technologies Limited

16-May-16

Results/Dividend

INEOS Styrolution India Limited

16-May-16

Results/Dividend

Gandhi Special Tubes Limited

16-May-16

Results

Excel Crop Care Limited

16-May-16

Results/Dividend

Gujarat Fluorochemicals Limited

16-May-16

Results

Brigade Enterprises Limited

16-May-16

Results/Dividend

Result Calendar

May 16, 2016

Institutional Equity Research

Market Lens

NIFTY 7815

IN FOCUS

Support 7780

Stock in Focus

INDIAN BANK

7700

Positional Pick

BHARAT FORGE

Resistance 7860

Intraday Pick

HCL TECH

7920
Intraday Pick

NTPC

Result Calendar
Company Name

Board Meeting Date

Purpose

Apcotex Industries Limited

16-May-16

Results/Dividend

Advani Hotels & Resorts (India) Limited

16-May-16

Results

BF Utilities Limited

16-May-16

Results

Balaji Telefilms Limited

17-May-16

Results

United Bank of India

17-May-16

Results

Voltas Limited

17-May-16

Results/Dividend

Trigyn Technologies Limited

17-May-16

Results

Vascon Engineers Limited

17-May-16

Results

Syndicate Bank

17-May-16

Results/Dividend

Symphony Limited

17-May-16

Results

MT Educare Limited

17-May-16

Results/Dividend

MPS Limited

17-May-16

Results

Motherson Sumi Systems Limited

17-May-16

Results

Mahindra Holidays & Resorts India Limited

17-May-16

Results/Dividend

Prime Securities Limited

17-May-16

Results

OCL India Limited

17-May-16

Results/Dividend

Honeywell Automation India Limited

17-May-16

Results/Dividend

Indian Metals & Ferro Alloys Limited

17-May-16

Results

Hind Syntex Limited

17-May-16

Results

Gujarat Gas Limited

17-May-16

Results/Dividend

Emmbi Industries Limited

17-May-16

Results/Dividend

GlaxoSmithKline Consumer Healthcare Limited

17-May-16

Results/Dividend

Bharat Forge Limited

17-May-16

Results/Dividend

Balkrishna Industries Limited

18-May-16

Results/Dividend

Wanbury Limited

18-May-16

Results

Universal Cables Limited

18-May-16

Results

Torrent Power Limited

18-May-16

Results

Torrent Power Limited

18-May-16

Results/Dividend

Vinyl Chemicals (India) Limited

18-May-16

Results/Dividend

S&S Power Switchgears Limited

18-May-16

Results

Ruchira Papers Limited

18-May-16

Results/Dividend

Tata Communications Limited

18-May-16

Results/Dividend

Spice Mobility Limited

18-May-16

Results

Som Distilleries & Breweries Limited

18-May-16

Results

Skipper Limited

18-May-16

Results/Dividend

Ratnamani Metals & Tubes Limited

18-May-16

Results/Dividend

Kirloskar Oil Engines Limited

18-May-16

Results

Prabhat Dairy Limited

18-May-16

Results/Dividend

Landmark Property Development Company Ltd

18-May-16

Results/Dividend

JSW Steel Limited

18-May-16

Results/Dividend

PTC India Limited

18-May-16

Results/Dividend

JK Lakshmi Cement Limited

18-May-16

Results/Dividend
10

May 16, 2016

Institutional Equity Research

Market Lens

NIFTY 7815

IN FOCUS

Support 7780

Stock in Focus

INDIAN BANK

7700

Positional Pick

BHARAT FORGE

Resistance 7860

Intraday Pick

HCL TECH

7920
Intraday Pick

NTPC

Reliance Securities Limited (RSL), the broking arm of Reliance Capital is one of the Indias leading retail broking houses. Reliance Capital is amongst Indias
leading and most valuable financial services companies in the private sector. Reliance Capital has interests in asset management and mutual funds, life and
general insurance, commercial finance, equities and commodities broking, wealth management services, distribution of financial products, private equity, asset
reconstruction, proprietary investments and other activities in financial services. The list of associates of RSL is available on the website www.reliancecapital.
co.in. RSL is registered as a Research Analyst under SEBI (Research Analyst) Regulations, 2014
General Disclaimers: This Research Report (hereinafter called Report) is prepared and distributed by RSL for information purposes only. The recommendations,
if any, made herein are expression of views and/or opinions and should not be deemed or construed to be neither advice for the purpose of purchase or sale of
any security, derivatives or any other security through RSL nor any solicitation or offering of any investment /trading opportunity on behalf of the issuer(s) of the
respective security(ies) referred to herein. These information / opinions / views are not meant to serve as a professional investment guide for the readers. No
action is solicited based upon the information provided herein. Recipients of this Report should rely on information/data arising out of their own investigations.
Readers are advised to seek independent professional advice and arrive at an informed trading/investment decision before executing any trades or making any
investments. This Report has been prepared on the basis of publicly available information, internally developed data and other sources believed by RSL to be
reliable. RSL or its directors, employees, affiliates or representatives do not assume any responsibility for, or warrant the accuracy, completeness, adequacy and
reliability of such information / opinions / views. While due care has been taken to ensure that the disclosures and opinions given are fair and reasonable, none
of the directors, employees, affiliates or representatives of RSL shall be liable for any direct, indirect, special, incidental, consequential, punitive or exemplary
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Risks: Trading and investment in securities are subject to market risks. There are no assurances or guarantees that the objectives of any of trading /
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the performance or otherwise of the respective issuer companies, changes in the market conditions, micro and macro factors and forces affecting capital
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Disclosure of Interest: The research analysts who have prepared this Report hereby certify that the views /opinions expressed in this Report are their personal
independent views/opinions in respect of the securities and their respective issuers. None of RSL, research analysts, or their relatives had any known direct /
indirect material conflict of interest including any long/short position(s) in any specific security on which views/opinions have been made in this Report, during
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of the said securities. RSL or its Associates may have received a compensation from the said issuer company(ies) in last 12 months for the brokerage or non
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adverse order/judgments/strictures assessed by any regulatory, government or public authority or agency or any law enforcing agency in last three years.
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RSL CIN: U65990MH2005PLC154052. (NSE - INB / INF / INE 231234833; BSE - INB / INF / INE 011234839; AMFI ARN No.29889). Research Analyst SEBI
registration no. INH000002384
11