DOWJONES 18168.5 (85.4) (0.5) NASDAQ 5289.7 (11.2) · PDF filethe European Union and the prospect of a ... RBL Bank picks 10% stake in Utkarsh ... engineering goods in India and abroad

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4-Oct-16

Latest Points % Chg.

NIKKEI 225 * 16830.2 94.6 0.6

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DOWJONES 18168.5 (85.4) (0.5)

NASDAQ 5289.7 (11.2) (0.2)

SGX NIFTY FUT* 8807.0 13.0 0.2

INFY 16.0 (0.0) (0.1)

HDFC BANK 73.1 0.8 1.1

ICICI BANK 7.7 0.1 1.2

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DR REDDY 46.9 (0.5) (1.1)

* At 08:20 a.m. IST on 5-Oct-16

WORLD INDICES & INDIAN ADRs (US$)

5 October 2016

Sushil Financial Services Private Limited Member BSE : SEBI Regn.No. INB/F010982338 | NSE : SEBI Regn.No.INB/F230607435. Regd. Office : 12, Homji Street, Fort, Mumbai 400 001. Phone: +91 22 40936000 Fax: +91 22 22665758 Email : [email protected]

Please refer to important disclosures at the end of the report For private Circulation Only.

EQUITY

Latest 1 Day P/E* P/B*

SENSEX 28,334.6 0.3 21.1 2.9

NIFTY 8,769.2 0.4 22.2 2.9

CNXMIDCAP 15,980.0 0.8 35.0 2.0

4-Oct-16

*Source: Bloomberg

COMMODITIES

Latest Points % Chg.

GOLD 1272.8 4.3 0.3

CRUDE OIL (WTI) 49.2 0.5 1.1

CRUDE OIL (Brent) 51.4 0.5 1.0

FII ACTIVITIES IN DERIVATIVES 4-Oct-16

FII Net Buy (Rs.

Crs)

Open

Interest

Ch. in Open

Int. (DOD)Index Futures 347.3 18047.5 4.3

Index Options 925.0 60961.1 2.4

Stock Futures (31.0) 57092.4 0.8

Stock Options 21.7 3588.7 19.9

NET INFLOWS (Rs. Crs.) 3-Oct-16

NET MTD YTD

FII 108.8 9445.2 50113.4

MF** 1127.2 3841.4 13950.5

*YTD From January till date **As on 30-Sep-16

4-Oct-16

Closing % Chg.

Dollar Index 96.0 (0.15)

Rs. / $ 66.5 (0.18)

Rs. / EURO 74.2 (0.75)

Rs. / UK Sterling 84.8 (1.11)

EXCHANGE RATE

G.SEC. YIELD 4-Oct-16

Yield (%)

GS CG2025 8.2% 6.73

US 10 Year Gsec 1.68

MARKETS TODAY The Nifty is likely to scale back to 8800 on positive sentiment as Reserve Bank

of India has slashed repo rate by 25 basis points in its monetary policy review.

International Monetary Fund has raised India's growth forecast for this

financial year to 7.6 percent but retained the global forecast to 3.1 percent,

warning of downside risks. Resistance is seen at 8801 levels & support is seen

at 8747 levels. Stock watch: Batliboi, Tata Steel, NBCC, Atlanta, BPCL

KEY OVERNIGHT DEVELOPMENTS US stocks dropped on Tuesday as investors fretted about Britain's exit from

the European Union and the prospect of a Federal Reserve interest rate hike

in coming months.Asian shares and gold retreated on Wednesday and bond

yields were near two-week highs after markets were rattled by a report

flagging the possible withdrawal of global stimulus measures. MUST KNOW….

SJVN pays Rs.293.33 cr dividend to government in FY16 (Rs.29, -1%)

Sentiment improving; see 15-16% industry growth in FY17: Escorts (Rs.408,

+0.3%)

Majesco: Update on proposed QIP issue upto Rs.250 crore (Rs.484, +4%)

L&T achieves RRVUNL unit synchronisation in record time (Rs.1449, -1%)

Filatex India rises, starts yarn production at Dahej unit (Rs.74, +4%)

Demand slow; UDAY benefits will take time to accrue: NTPC (Rs.152, +1%)

Aim to pare Rs 240-cr debt by 60% by FY17-end: Everest Kanto (Rs.28, +4%)

Wockhardt up as USFDA excludes Ceftriaxone from import alert (Rs.921,

+3%)

Well equipped to exploit metering biz opportunities: HPL Electric (Rs.189, -

7%)

Dhampur Sugar buys 51% stake in DETS; shares up (Rs.125, +3%)

Gayatri Project wins Rs.926 cr highway contract in Bihar (Rs.692, +1%)

NTPC pays Rs.1,995 cr dividend to government for FY'16 (Rs.152, +1%)

Bharat Electronics' Rs.2,171 cr buyback offer to open on Oct 6 (Rs.1270, -

0.3%)

Maruti Baleno gets past 1 lakh cumulative sales mark (Rs.5680, 0%)

Amtek Auto jumps as Mahindra CIE in race for co's German biz (Rs.48, +7%)

Plant shutdown behind tepid Q2, eye 20% PAT growth in FY17: CCL (Rs.247,

-5%)

Shilpa Medicare gets USFDA nod for Azacitidine injection (Rs.604, +1%)

Dena Bank allots pref shares to govt worth Rs.446 crore (Rs.39, +3%)

Punjab National Bank cuts fixed deposit rate by up to 0.3% (Rs.146, +2%)

RBL Bank picks 10% stake in Utkarsh MFI (Rs.298, +0.3%)

Atlanta gets arbitration awards of Rs.16.97 crore (Rs.75, +7%)

Bhushan Steel shareholders approve raising up to Rs.1,155 crore (Rs.43,

+5%)

RBI cuts rate by 25 bps, warns of inflation, keeps GDP forecast

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Corporate Announcements & Financial Scoreboard SJVN pays Rs.293.33 cr dividend to government in FY16 (Rs.29, -1%)

Power PSU Sutlej Jal Vidyut Nigam (SJVN) has paid a dividend of Rs.293.33 crore to the central government

for 2015-16. SJVN had declared a total dividend of Rs.455.03 crore for 2015-16. It already had paid Rs.168

crore to the Union Government as interim dividend and the remaining amount of Rs.125.33 crore as final

dividend has been released, the company said in a statement. Last year SJVN paid a total dividend of

Rs.434.35 crore. The Union government holds 64.5% share in the Centre-Himachal Pradesh government

joint venture. Handing over the cheque to Union Minister Piyush Goel, R N Mishra, CMD of SJVN said that

against the MoU target of generation of 8520 mn units of electricity from its power stations SJVN has

generated 9346 mn units during the financial year 2015-16.

Sentiment improving; see 15-16% industry growth in FY17: Escorts (Rs.408, +0.3%)

While the strong sales number posted by Escorts in Sept was largely due to pre-festival exuberance,

industry growth also has been fairly good for the last 5-6 months, says Bharat Madan, Group Financial

Controller at Escorts. Madan expects average growth rate of roughly 15-16% for the company. Margins also

will remain firm with both tractors and railway equipment businesses’ performance aiding growth, he says

in an interview to media. Although no significant increase has been seen so far, market share is inching up

for the company, he says.

Majesco: Update on proposed QIP issue upto Rs.250 crore (Rs.484, +4%)

Majesco Ltd has informed BSE that due to the prevailing adverse market conditions, the Company has

decided not to pursue the proposed capital raising program through a Qualified Institutional Placement

until the situation stabilizes.

L&T achieves RRVUNL unit synchronisation in record time (Rs.1449, -1%)

Larsen & Toubro Ltd has informed BSE regarding a Press Release dated Oct 04, 2016 titled "L&T Achieves

RRVUNL Unit Synchronisation in Record Time".

Filatex India rises, starts yarn production at Dahej unit (Rs.74, +4%)

Shares of Filatex India rose Tues as it has commenced manufacturing of yarm at its existing unit in Dahej,

Gujarat. The company's project for manufacturing of 115 TPD Fully Drawn Yarn (FDY) and 200 TPD of

Drawn Textured Yarn (FTY) at Dahej, Gujarat has been fully commissioned. The commercial production of

FDY and DTY has started in Sept 2016.

Demand slow; UDAY benefits will take time to accrue: NTPC (Rs.152, +1%)

Power demand is slowing down says Kulamani Biswal, Director-Finance at NTPC who believes it will take

some time before the benefits of the government’s Ujwal DISCOM Assurance Yojana (UDAY) scheme starts

bearing fruit. In an interview to media Biswal says available capacity is 91% but current plant load factor

(PLF) is around 78%. NTPC was able to raise Green Masala Bonds at reasonable yield of 7.84%, he says.

Aim to pare Rs 240-cr debt by 60% by FY17-end: Everest Kanto (Rs.28, +4%)

Everest Kanto Cylinders is looking to reduce over half of its debt by the end of the fiscal. The company is

hopeful of paring by 60% of Rs.240-crore debt by FY17, said Puneet Khurana, Director, Everest Kanto

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Cylinders. Also, the company expects to complete sale of its land assets by Apr-Mar next year, he said

addding that the only a part of the proceeds of the sale will go in to debt reduction.

Wockhardt up as USFDA excludes Ceftriaxone from import alert (Rs.921, +3%)

Wockhardt shares rallied Tues after the US health regulator excluded an antibiotic drug from the import

alert. "US Food and Drug Administration (USFDA), on Sept 30, excluded the product Ceftriaxone sodium

from import alert," the Mumbai-based pharmaceutical and biotechnology major said in its filing. This will

enable the company to manufacture and sell Ceftriaxone API and formulation to US market. It

manufactures this antibiotic drug from its API unit at Ankleshwar, Gujarat. The unit had received an import

alert 66-40 from the USFDA for this facility in August, which is still continued. Sources told media that the

reason for exclusion of this drug from import alert is due to shortage in the US market. Ceftriaxone Sodium,

the generic version of Hoffman La Roche's Rocephin injection, was approved by USFDA in May 2006.

Meanwhile, Wockhardt has received 11 observations from USFDA for US facility Morton Grove that

contributed 35-40% to US sales, reports media quoting unnamed sources. The facility was inspected by the

US health regulator in Feb 2016.

Well equipped to exploit metering biz opportunities: HPL Electric (Rs.189, -7%)

Affordable housing and smart meters are likely to aid the sector’s growth, says Gautam Seth, Joint MD of

HPL Electric & Power that manufactures metering solutions, switchgears, lighting equipments, among

others. Industry’s metering growth is at 10-11%, he says in an interview to media after the company’s

shares listed on the exchanges. The company has a 20% market share in the electric meters segment.

Meanwhile, the shares received a lukewarm response on listing. The stock listed at Rs.190, down nearly 6%

compared with issue price of Rs.202 per share. There are now only 4-5 players in the metering industry and

company is fully equipped to exploit opportunities in the smart metering business, he says. Interest from

retail investors for the initial public offering (IPO) issue was encouraging, he says.

Dhampur Sugar buys 51% stake in DETS; shares up (Rs.125, +3%)

Share price of Dhampur Sugar Mills rose as it has acquired 51% stake in DETS. The company has approved

acquisition of 4,28,400 equity shares of DETS (51%) at Rs.33 per equity share. Post this acquisition, DETS

has become subsidiary of the company with effect from Oct 3, 2016. DETS is in the business of engineering

and technical services and fabrication and supplying engineering goods in India and abroad.

Gayatri Project wins Rs.926 cr highway contract in Bihar (Rs.692, +1%)

Infrastructure company Gayatri Projects said it has won a Rs.926-crore highway project in Bihar for

widening of a stretch on NH 82. "Gayatri Projects has secured a Rs.926-crore highway contract in the state

of Bihar," the company said in a regulatory filing to the BSE. It won the order for four-laning of Gaya-Hisua-

Rajgir-Nalanda-Biharsharif section of NH 82 from the Bihar State Road Development Corporation Ltd

(BSTDC) and Ministry of Road Transport and Highways. "The project is being funded by the reputed

Japanese Cooperation Agency (JICA), it said. The company said its order book has more than doubled to

over Rs.12,000 crore in the last 18 months and the new contract has reinforced it as one of the top

highways builders.

NTPC pays Rs.1,995 cr dividend to government for FY'16 (Rs.152, +1%)

State-owned power producer NTPC said it has paid a total dividend of Rs.1,995.28 crore to the government

for 2015-16 financial year. "NTPC Ltd paid a total dividend @ 33.5% of its paid-up capital for the financial

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year 2015-16, amounting to Rs.2,762.23 crore. The dividend payment is fourth highest among public sector

undertakings," the PSU said in a statement. The company had paid interim dividend at 16% amounting to

Rs.1,319.27 crore on Feb 15, 2016. The company has paid the final dividend at 17.5% amounting to

Rs.1,442.96 crore on Sept 30, 2016. "The RTGS advice for the transfer of Rs.1,006.38 crore to Government

of India, being the share of Government of India in the final dividend, was presented by Gurdeep Singh,

CMD, NTPC, to Piyush Goyal, Minister of State (Independent Charge) for Power, Coal, New & Renewable

Energy and Mines in the presence of Pradeep Kumar Pujari Secretary, MOP (Ministry of Power)," it said.

Bharat Electronics' Rs.2,171 cr buyback offer to open on Oct 6 (Rs.1270, -0.3%)

Defence PSU Bharat Electronics (BEL) said its Rs.2,171 crore equity shares buyback offer will open on Oct 6.

In a letter of offer for buyback, Bharat Electronics' manager to the buyback offer, IDBI Capital Markets &

Securities Ltd said: "This Buyback offer will open on Thursday, Oct 6, 2016 and close on Fri, Oct 21, 2016."

The record date for determining the buyback entitlement and names of eligible shareholders is Sept 27.

The company's board has approved a proposal to buy back 1.66 crore shares at a price of Rs.1,305 apiece,

for over Rs.2,171.15 crore, which is not exceeding 25% of the aggregate of the fully paid-up share capital

and free reserves, BEL said in a filing to the BSE. A part of the buyback will accrue to the government. The

Government holds 75.02% stake in BEL. The buy back will happen on a proportionate basis through a

tender offer, in accordance with the Companies Act, 2013, it added. The department of Investment and

Public Asset Management (DIPAM), previously known as Department of Disinvestment, has been asking

cash rich PSUs to utilise surplus cash in either capex or buy back. Last month, the board of Maharatna PSU

Coal India had approved a buy back of 25% of its paid up share capital and free reserves aggregating to

Rs.3,650 crore. In Jun, NMDC and MOIL board had approved buy back of Rs.7,528 crore and Rs.863 crore

respectively, while Nalco had said in May that it would buy back 25% equity for over Rs.2,835 crore. The

government aims to raise Rs 56,500 crore by selling stakes in state-owned enterprises in 2016-17, out of

which Rs.36,000 is to come from minority stake sale in PSUs and rest through strategic sale.

Maruti Baleno gets past 1 lakh cumulative sales mark (Rs.5680, 0%)

Country's largest carmaker Maruti Suzuki India (MSI) said its premium hatchback Baleno has crossed one

lakh cumulative sales milestone in the domestic market in less than one year of its launch. The auto major

had launched Baleno in India on Oct 26 last year. Besides domestic sales, the company has shipped out

33,800 units of the car to various markets across the globe, including Japan and Europe. "Baleno is one of

the big success stories of the Indian auto industry. Baleno carries our new design philosophy and is

equipped with several high-end features and technologies like Apple CarPlay that have attracted young

customers," MSI Executive Director Marketing & Sales R S Kalsi said in a statement. The company's

engineers have ensured that built on an innovative new platform, Baleno offers superior ride and handling,

besides best-in-class fuel efficiency, he added. "Safety features like dual airbags and ABS with EBD are

standard in Baleno -- another first for this segment. It is truly a symbol of Make-in-India," Kalsi said. Besides

the one lakh Baleno cars that are sold, many customers have placed orders for the car and will receive

delivery in the next few months. "We have optimised our production so that we can deliver their cars in

the committed timeframe while ensuring the highest levels of quality," Kalsi said. Baleno is exclusively

manufactured in India. It is the first car from the MSI stable to be exported from India to Japan. Apart from

Japan, the vehicle is being exported to Europe, Australia, New Zealand and Latin America. Maruti has plans

to export the car to 100 international markets.

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Amtek Auto jumps as Mahindra CIE in race for co's German biz (Rs.48, +7%)

Amtek Auto shares rose Tues after sources told CNBC-TV18 that Mahindra CIE may also be interested in

company's German business. Amtek Auto has also been talking to other players in the market to sell some

of its stake in overseas companies, non-core assets and real estate as it is desperately looking for a buyer

to pare its Rs.15,000-crore debt, according to people privy to the two companies. The management of

Amtek Auto said sale of its European assets has been delayed by a month. The company expects to close

the sale of German subsidiary Neumayer Tekfor by end of Oct. The debt-ridden auto ancillary company has

been in trouble since Aug 2015, especially after it started posting losses in Q1FY16. Amtek has been posting

losses for every quarter since then while on other side, interest cost has also been rising due to high debt.

In the quarter ended Jun 2016, it had posted a loss of Rs.320 crore against loss of Rs.529 crore in preceding

quarter while interest cost jumped to Rs.328 crore from Rs.290 crore in same period. In order to cut down

huge debts, loss making Amtek Auto in last year had appointed Morgan Stanley as advisors to assist in the

group’s debt reduction plan.

Plant shutdown behind tepid Q2, eye 20% PAT growth in FY17: CCL (Rs.247, -5%)

CCL Products India reported weak set of second quarter numbers with a plant shutdown for maintenance

work having an impact. In an interview with CNBC-TV18, the company's Executive Chairman C Rajendra

Prasad explained why the company did not inform exchanges before about the extended shutdowns and

the outlook ahead.

Shilpa Medicare gets USFDA nod for Azacitidine injection (Rs.604, +1%)

Shilpa Medicare said it has received US health regulator's nod to sell Azacitidine injection, used in

treatment of myelodysplastic syndrome, in the US market. "The company has received an approval from

the United States Food & Drug Administration (USFDA) for Azacitidine- Injection ANDA of SEZ formulations

facility situated at Jadcherla, near Hyderabad," Shilpa Medicare said in a BSE filing. Myelodysplastic

syndrome is a condition that affects the bone marrow and the blood cells it produces. In July this year,

Shilpa Medicare said its Jadcherla formulations facility near Hyderabad has been inspected by the US

health regulator with no adverse reactions. The company has not received Form 483 for the above

mentioned facility, it added. FDA Form 483 is issued to the management of a firm after inspection when an

investigator(s) has observed any conditions that in their judgement may constitute violations of the Food

Drug and Cosmetic (FD&C) Act and related Acts.

Dena Bank allots pref shares to govt worth Rs.446 crore (Rs.39, +3%)

State-owned Dena Bank said it has raised Rs.446 crore by allotting shares to the government on a

preferential basis. "The Issue Committee of the Board at its meeting held on Oct 3, 2016 has allotted

12,02,15,633 equity shares of Rs.10 each at the issue price of Rs.37.10 per equity share to President of

India (Government of India) on preferential basis, aggregating up to Rs.446 crore," Dena Bank said in a BSE

filing. It further said: "With this allotment, the subscribed and paid-up capital of the bank gets raised to

Rs.787.15 crore consisting of 78,71,49,884 equity shares of Rs 10 each and shareholding of Government of

India in the bank has increased from 62.89% to 68.55%".

Punjab National Bank cuts fixed deposit rate by up to 0.3% (Rs.146, +2%)

State-owned Punjab National Bank cut interest rates on fixed deposits of various maturities by up to 0.3%.

It has reduced interest rates on domestic term deposits by 0.05-0.3% in select maturities, PNB said in a

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statement. The new rates would be effective from Oct 5, it said. Last week, the bank had reduced its

marginal cost of funds based lending rates by 0.5% across all maturities. For overnight tenor it will be

9.05%, for 3-months 9.2%, one year term 9.3%; three years 9.45% and that for five years the MCLR is fixed

at 9.6%.

RBL Bank picks 10% stake in Utkarsh MFI (Rs.298, +0.3%)

Continuing the trend of smaller private sector banks buying into microlenders, the recently-listed RBL Bank

bought 9.99% stake in northern states-focused Utkarsh Micro Finance for an undisclosed sum. "It will help

us extend our distribution footprint and strengthen our financial inclusion initiatives across the hinterland.

We will strive to explore joint business opportunities," RBL managing director and chief executive

Vishwavir Ahuja said in a statement. He, however, added that this should be seen as a "strategic

partnership" for the bank which has a focus on Western states, rather than the acquisition of minority

stake. Utkarsh managing director and chief executive Govind Singh said the partnership will help his

company augment its product and services, including ancillary services. The announcement comes two

days after RBL's larger rival Kotak Mahindra Bank announced the buyout of the Karnataka-focused BSS MFI

for Rs 139 crore. It also comes within two months of acquisition of Grama Vidiyal Microfinance by IDFC

Bank for an undisclosed sum. According to experts, the high growth in the micro lending segment which

witnessed loan growth of 80% in 2015-16 as against the banking system's struggles to touch the double-

digit mark, is one of the biggest draw for the banks. Additionally, the treatment of loans as priority sector

lending to fill up the mandatory requirements is also a very important reason.

Atlanta gets arbitration awards of Rs.16.97 crore (Rs.75, +7%)

Atlanta Ltd has informed BSE that Atlanta Limited is in receipt of Arbitration awards for :(a) Rs.16.97 Crores

plus further interest for Mumbra Bypass on BOT basis in Reference IIIAND(b) Atlanta infra Assets Limited,

subsidiary of Atlanta Limited awarded Rs.145.214 Crore plus future interest for Four laning of Nagpur

Kondali, (NH-6) on BOT basis.

Bhushan Steel shareholders approve raising up to Rs.1,155 crore (Rs.43, +5%)

Debt-laden Bhushan Steel said its shareholders have approved the company's proposal to raise up to

Rs.1,155 crore through issue of redeemable cumulative preference shares. The firms shareholders

approved the special resolution at its annual general meeting held last month, it said in a regulatory filing.

"... approval of the members is hereby accorded to authorise the board to create, offer, issue and allot

38,50,000 redeemable cumulative preference shares of Rs.100 each to be issued at such rate not exceeding

Rs.3,000 per share (including maximum premium of Rs.2,900 per share) for an aggregate amount not

exceeding Rs.1,155 crore...," it added. dividend not exceeding 12% per annum and the shares shall rank for

dividend in priority to the equity shares for the time being of the company, it said. "At the option of board,

at any time within 10 years from the date of allotment, the said preference shares shall be redeemed at a

premium not exceeding Rs.2,900 per share," Bhushan Steel said in the filing. The shareholders also

approved the special resolution of reclassification of status of Sanjiv Garg and Rajiv Garg from promoters to

public shareholders. This is being done "...as they are neither related to the promoters nor exercising,

directly or indirectly, any control over the affairs of the company... they have no other responsibility or

association with the company and they have given their consent in writing for change of status", it added.

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RBI cuts rate by 25 bps, warns of inflation, keeps GDP forecast

The Reserve Bank of India (RBI) on Tues cut its key lending—the repo rate—by 25 basis points to 6.25%, as

a newly set up panel felt that inflation levels were low enough to reduce loan rates. The decision of the

monetary policy committee (MPC), headed by new RBI governor Urjit Patel, will likely cheer business

leaders and households as cheaper loans will aid investment and spending. The six member panel, which

brainstormed over two days, unanimously agreed that inflation was unlikely to gallop past the tolerance

threshold of 6% in the near future. The MPC expects retail inflation rates to hover around 5% by Mar 2017,

the RBI said in a statement, which is well within the comfort zone. A lower repo rate—the rate at which

banks borrow from RBI--would mean households may expect cheaper bank loans to buy houses and goods

such as cars, which peak during the festival shopping season in Oct and Nov.

8

Information of Bulk Deals – 04th Oct 2016 on BSE

Scrip name Name of Client BUY (B) / SELL (S)

Quantity Shares

Trade Price/ W Avg. Price

Areydrg Antara India Evergreen Fund Ltd B 91,928 44

Bajajst Lohia Universal Traders Llp S 14,605 139.31

Bronze Hathila Vaneshbhai Rasubhai B 32,998 24

Cera Jwalamukhi Investment Holdings S 1,12,000 2,382.21

Chromatic Puran Chand Choudhary S 6,07,668 3.37

Dynamind Arcadia Share & Stock Brokers Pvt. Ltd B 30,431 81.16

Nehaint Sanjay C Ajmera S 2,47,100 6.8

Nehaint Sonali Atul Ajmera S 2,48,281 6.83

Oyeeee Pratyaksh Advisory Services Llp S 1,08,000 41.84

Oyeeee Viewpoint Advisory Private Limited B 1,08,000 41.84

Prakashcon Aruna Prakash Laddha S 10,00,000 19.79

Prakashcon Vijay Ratnakar Gutte B 6,90,000 19.79

Saamyabio Raksha Yogesh Mehta S 1,39,118 8.2

Shiva Hathila Vaneshbhai Rasubhai S 80,000 27.14

Shiva Heta Kalpeshkumar Golwala S 1,00,000 27.1

Shiva Karan Birjubhai Sanghvi S 50,000 27.44

Shiva Richa Suchit Patel S 50,000 27.35

Shiva Yogesh Manubhai Patel S 50,000 27.49

Simran Porinjuv Veliyath S 40,000 51.38

Stellar Mbm Bearings (Rajasthan) P Ltd S 6,06,000 10.26

Stellar Srk Tradelinks Private Limited B 6,06,000 10.26

Uvboards Remex Investment Pvt Ltd S 1,00,000 19.19

Val Aryaman Broking Limited S 36,000 28

Val Optimus Finance Limited B 36,000 28

Information Of Bulk Deals – 04th Oct 2016 On NSE

Scrip name Name of Client BUY (B) / SELL (S)

Quantity Shares

Trade Price/ W Avg. Price

Alphageo (India) Limited Pooja Kedia B 37000 1089

Alphageo (India) Limited Trinetra Company Pvt Ltd S 40000 1088.98

Bhagwati Banquets & Hot Rajshah Enterprise Private Limited S 148975 94.71

Cera Sanitaryware Limited Jwalamukhi Investment Holdings S 128000 2382.55

Orchid Pharma Limited Sicom S 500000 37.51

Pioneer Embroideries Limi Arcadia Share & Stock Brokers Private Limited B 95000 67.9

Prakash Constrowell Ltd Laddha Aruna Prakash S 1000000 19.79

Supreme Tex Mart Ltd Sindia Investment Group Pte Limited S 1200000 7.1

Tourism Finance Corp Insync Capital Partners Llp B 425000 56.22

Vikas Ecotech Limited Bhushan Kapoor B 1581896 14.59

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Disclosures Under SEBI (Prohibition Of Insider Trading) Regulations, 2015

Company Name Name of Acquirer / Seller Securities Held pre Transaction

Securities Acquired / Disposed Number Value Transaction Type

Securities held post Transaction

Period

HDFC Ltd. Annindya Banerjee 30050 (-) 20,290 28953221 Disposal 9760 (-) 28/09/2016

HDFC Ltd. Sayani Nanda Gopal 6805 (-) 1,605 2237386 Disposal 5200 (-) 30/09/2016

HDFC Ltd. Anoushka Sanskriti Dias 4355 (-) 250 357500 Disposal 4105 (-) 28/09/2016



HDFC Ltd. Omprakash Ghanshyamdas Jajoo 1250 (-) 784 1085840 Disposal 466 (-) 30/09/2016

HDFC Ltd. Deb Debjit Kajalkumar 4241 (-) 1,456 2016560 Disposal 2785 (-) 30/09/2016

HDFC Ltd. Surbhi Shah 1000 (-) 800 1143600 Disposal 200 (-) 30/09/2016

HDFC Ltd. Priyanka Jain 500 (-) 500 693250 Disposal 0 (-) 30/09/2016

HDFC Ltd. Amit Harit 1000 (-) 1,000 1429000 Disposal 0 (-) 28/09/2016

HDFC Ltd. Abhimanyu Kukreja 2000 (-) 500 710000 Disposal 1500 (-) 28/09/2016




HDFC Ltd. Karnekar Mary 1739 (-) 100 138200 Disposal 1639 (-) 24/08/2016

HDFC Ltd. Karnekar Mary 1639 (-) 620 867070 Disposal 1019 (-) 29/09/2016

HDFC Ltd. Deepak Laxmandas Makhijani 2600 (-) 2,000 2859520 Disposal 600 (-) 28/09/2016

HDFC Ltd. Avi Dattaraya Choudhary 2540 (-) 2,540 3485744 Disposal 0 (-) 22/08/2016

HDFC Ltd. Thanushree Vishwanathan 4980 (-) 25 35750 Disposal 4955 (-) 28/09/2016

HDFC Ltd. Thanushree Vishwanathan 4955 (-) 250 358000 Disposal 4705 (-) 29/09/2016

HDFC Ltd. Thanushree Vishwanathan 4705 (-) 1,032 1437576 Disposal 3673 (-) 30/09/2016

HDFC Ltd. Sharath H S 2945 (-) 2,400 3430416 Disposal 545 (-) 29/09/2016

HDFC Ltd. Suneet Kumar Ramnani 4000 (-) 4,000 5552080 Disposal 0 (-) 20/09/2016

HDFC Ltd. Rohit Varma 3550 (-) 2 2859 Disposal 3548 (-) 28/09/2016

HDFC Ltd. Rohit Varma 3548 (-) 200 285276 Disposal 3348 (-) 29/09/2016

HDFC Ltd. Kiran Kumar Kasina 3000 (-) 1,000 1428000 Disposal 2000 (-) 28/09/2016


10


Bajaj Finance Limited Amit Sinha 285 (-) 20 205000 Disposal 265 (-) 03/08/2016




Envair Electrodyne Ltd. Shripad Mirashi 1826086 (60.07) 216 Acquisition (60.08) 30/09/2016

Kotak Mahindra Bank Ltd. Swapnil Sarode 28836 (-) 1,500 1200000 Disposal 27336 (-) 03/10/2016

Kotak Mahindra Bank Ltd. Srikanth Subramanian 6588 (-) 6,500 5135000 Disposal 88 (-) 03/10/2016

Kotak Mahindra Bank Ltd. Praveen S Suvarna 61336 (-) 1,200 982800 Disposal 60136 (-) 16/09/2016

Kotak Mahindra Bank Ltd. Praveen S Suvarna 60136 (-) 5,000 4090050 Disposal 55136 (-) 16/09/2016

Sunflag Iron & Steel Co.Ltd. Ca R Muralidhar 8900 (-) 8,900 281340 Disposal (-) 26/09/2016

Sunflag Iron & Steel Co.Ltd. Chhavi Agarwal 52855 (-) 7,000 241500 Disposal 45855 (0.02) 30/09/2016

Ncl Industries Ltd. Penumatsa Satyanarayana Raju 61234 (0.17) 7,000 906220 Disposal 54234 (0.15) 04/10/2016

Everest Industries Ltd. Manish Kumar Garg 7500 (0.05) 7,500 1904000 Disposal (-) 03/10/2016

First Custodian Fund (India) Ltd. Manish Banthia 2962 (0.19) 8,862 107056.87 Acquisition 11824 (0.78) 03/10/2016

Chola Invt & Fin Co Ltd R Chandrasekar 23911 (0.01) 7,500 8597893.05 Disposal 16411 (0.01) 30/09/2016

Gic Housing Finance Ltd. The New India Assurance Co Ltd 4658747 (8.65) 64,543 20575707 Disposal 4594204 (8.53) 26/09/2016

Hindustan Copper Ltd. The President Of India, Acting Through The Ministry Of Mines

780406251 (84.35) 1,29,53,052 64765260 Disposal 767453199 (82.95) 30/09/2016

Ipca Laboratories Ltd. Pranay Godha 728495 (0.58) 82,000 49725721 Acquisition 810495 (0.64) 03/10/2016

Istreet Network Limited Pradeep Malu (Revised) 2580461 (12.23) 1,87,024 3037750 Disposal 2393437 (11.34) 29/09/2016

Istreet Network Limited Pradeep Malu 2881514 (13.65) 3,01,053 5497361 Disposal 2580461 (12.23) 23/09/2016

Systematix Corp Services Ltd. Superstar Exports Pvt Ltd 4903804 (37.37) 5,80,058 5220522 Acquisition 5483862 (41.79) 03/10/2016

Nrb Bearings Ltd. Trilochan Santsingh Sahney 35965266 (37.11) 2,25,000 29895750 Disposal 35740266 (36.88) 03/10/2016

Ajanta Pharma Ltd. A V Jayakumar 3500 (-) 2,500 5077319 Disposal 1250 (-) 28/09/2016

Biocon Ltd. Dipankar Paul 5000 (-) 5,000 1775000 Disposal (-) 03/10/2016

Biocon Ltd. Partha Roy Chowdhury 6000 (-) 2,000 1841220 Disposal 4000 (-) 30/09/2016

Century Plyboards (I) Ltd. Surendra Gupta Huf 43447 (0.02) 39,523 Disposal (-) 03/10/2016

Info Edge (India) Ltd. Naresh Gupta 4669 (-) 4,669 4002546.94 Disposal (-) 29/09/2016

Info Edge (India) Ltd. Deepali Singh 18000 (-) 8,540 7316739.65 Disposal 9460 (-) 30/09/2016

Credit Analysis And Research Ltd. Canara Bank 2652430 (9.02) 14,000 19907319.60 Disposal 2638430 (8.97) 03/10/2016

Credit Analysis And Research Ltd. P Sudhakar 1567 (-) 667 873491 Disposal 900 (-) 29/09/2016

Just Dial Ltd. V S S Mani 20018317 (28.80) 928 443927 Acquisition 20019245 (28.80) 02/09/2016

11

Just Dial Ltd. V S S Mani 20019245 (28.80) 1,80,000 77528792 Acquisition 20199245 (29.06) 29/09/2016

Just Dial Ltd. V S S Mani 20199245 (29.06) 20,000 8387540 Acquisition 20219245 (29.09) 30/09/2016

Polyspin Exports Ltd R Durga 339209 (8.48) 4,400 294800 Acquisition 343609 (8.59)

12

Rating Scale This is a guide to the rating system used by our Institutional Research Team. Our rating system comprises of six rating categories, with a corresponding risk rating.

Risk Rating Risk Description Predictability of Earnings / Dividends; Price Volatility

Low Risk High predictability/ Low volatility

Medium Risk Moderate predictability / volatility

High Risk Low predictability/ High volatility

Total Expected Return Matrix Rating Low Risk Medium Risk High Risk

Buy Over 15 % Over 20% Over 25%

Accumulate 10 % to 15 % 15% to 20% 20% to 25%

Hold 0% to 10 % 0% to 15% 0% to 20%

Sell Negative Returns Negative Returns Negative Returns

Neutral Not Applicable Not Applicable Not Applicable

Not Rated Not Applicable Not Applicable Not Applicable

Please Note

Recommendations with “Neutral” Rating imply reversal of our earlier opinion (i.e. Book Profits / Losses).

** Indicates that the stock is illiquid With a view to combat the higher acquisition cost for illiquid stocks; we have enhanced our return criteria for such stocks by five percentage points.

“Desk Research Call” is based on the publicly available information on the companies we find interesting and are quoting at attractive valuations. While we do not claim that we have compiled information based on our meeting with the management, we have taken enough care to ensure that the content of the report is reliable. Although we have christened the report as “Desk Research Calls” (DRC), we intend to release regular updates on the company as is done in our other rated calls.

For any information or suggestion, please contact the below mentioned…

Nishita Shah ([email protected])

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Office: 12, Homji Street, Fort, Mumbai 400 001. Phone +91 22 4093 6000 Fax +91 22 2266 5758

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13

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