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13-Dec-16
Latest Points % Chg.
NIKKEI 225 * 19235.5 (15.1) (0.1)
HANG SENG * 22513.9 67.2 0.3
DOWJONES 19911.2 114.8 0.6
NASDAQ 5463.8 51.3 1.0
SGX NIFTY FUT* 8216.5 0.5 0.0
INFY 15.0 0.3 1.8
HDFC BANK 63.6 0.3 0.5
ICICI BANK 7.9 (0.0) (0.1)
TATA MOTORS 34.6 (0.4) (1.3)
WIPRO 9.6 0.3 2.9
DR REDDY 46.7 0.4 0.8
* At 08:20 a.m. IST on 14-Dec-16
WORLD INDICES & INDIAN ADRs (US$)
14 December 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 26,697.8 0.7 19.9 2.6
NIFTY 8,221.8 0.6 20.8 2.6
CNXMIDCAP 14,712.5 (0.3) 25.5 1.5
13-Dec-16
*Source: Bloomberg
COMMODITIES
Latest Points % Chg.
GOLD 1160.3 1.9 0.2
CRUDE OIL (WTI) 52.3 (0.6) (1.2)
CRUDE OIL (Brent) 55.1 (0.6) (1.1)
FII ACTIVITIES IN DERIVATIVES 13-Dec-16
FII Net Buy (Rs.
Crs)
Open
Interest
Ch. in Open
Int. (DOD)Index Futures 235.7 13538.5 2.8
Index Options (134.7) 66185.7 0.9
Stock Futures (477.4) 54401.3 0.8
Stock Options (76.3) 5238.7 4.4
NET INFLOWS (Rs. Crs.) 12-Dec-16
NET MTD YTD
FII 334.0 (7416.0) 33252.2
MF (221.6) 19971.3 30080.4
*YTD From January till date
13-Dec-16
Closing % Chg.
Dollar Index 101.0 (0.06)
Rs. / $ 67.5 0.18
Rs. / EURO 71.7 0.31
Rs. / UK Sterling 85.7 0.89
EXCHANGE RATE
G.SEC. YIELD 13-Dec-16
Yield (%)
GS CG2025 8.2% 6.42
US 10 Year Gsec 2.45
MARKETS TODAY Local bourses are likely to be on a wait & watch mode as Fed Reserve
decision is awaited tonight. Nov retail inflation hit a record low, standing
at 3.6%. Resistance is seen at 8250 levels & support is seen at 8215 levels.
Stock watch: Coal India, DLF, Axis, JSPL, Mandhana Retail.
KEY OVERNIGHT DEVELOPMENTS Wall street racked up new all-time highs on Tues and the DJIA ended fewer
than 100 points away from the 20,000 mark as a post-election rally showed
no signs of fatigue. Asia shares crept cautiously higher on Wed while a hush
settled on the US dollar as investors felt certain the Federal Reserve would
raise rates for the first time in a year, but were less sure what it might herald
for 2017. MUST KNOW….
MEP Infrastructure rises as it turns profitable in Q2 (Rs.39, +7%)
Allied Digital sees good traction in digital business (Rs.43, +3%)
Mastek gains, to acquire 100% in Trans American Information (Rs.151,
+3%)
Syngene fire could cost co several crores; losses insured: MD (Rs.598, -5%)
US FDA finds quality control problem at Sun Pharma's Halol plant (Rs.683,
+1%)
Lypsa Gems, Inox Wind up on order win (Rs.205, +2%)
Co completed 75% of sales across 3 projects in BKC: Sunteck (Rs.228, +10%)
Artson Engineering up on order win worth Rs.108 cr (Rs.49, +12%)
Shilpa Medicare receives approval from USFDA for Capecitabine tablets
(Rs.673, +2%)
Aiming for 20-25% revenue growth in FY17: Mandhana Industries (Rs.31,
+20%)
M&M Fin slips as demonetisation to impact biz in H2FY17 (Rs.268, -2%)
Bajaj Hindusthan Q2 net loss narrows to 137.71 cr (Rs.14, -2%)
Hindustan Copper Q2 profit declines 12% at Rs.7 cr (Rs.61, -3%)
On track to achieve Rs.1 lakh cr target in FMCG biz by 2030: ITC (Rs.235,
+1%)
NTPC enters wind power space, partners with Inox Wind (Rs.165, 0%)
Swan Energy rose on GMB approval (Rs.201, +20%)
IL&FS Engg up, lowest bidder for Rs.225 cr project (Rs.47, +6%)
HDIL Q2 net profit down 35% at Rs.37 cr (Rs.61, -1%)
Bajaj Electricals enters into strategic alliance with UK based Gooee (Rs.219,
0%)
Scanpoint Geomatics bags project worth Rs.95.47 crore (Rs.15, -3%)
Mindtree evaluating fintech partnerships for digital payments (Rs.492,
+5%)
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Corporate Announcements & Financial Scoreboard MEP Infrastructure rises as it turns profitable in Q2 (Rs.39, +7%)
Share price of MEP Infrastructure Developers gained as it has reported profit in the quarter ended Sept
2016. The company has registered a consolidated net profit of Rs.62.4 crore in the second quarter (July-
Sept) versus loss of Rs.11.2 crore reported in the same quarter in last fiscal. The company's consolidated
total income was down marginally at Rs.447.4 crore versus Rs.447.7 crore. EBITDA of the company was
down 8.5% at Rs 335.10 crore and EBITDA margin was down 690 bps at 74.9%.
Allied Digital sees good traction in digital business (Rs.43, +3%)
Seeing a lot of traction in digital business, says Nitin Shah, CMD of Allied Digital. Allied Digital foreseeing
exciting time for digital business, said Shah. Speaking to media, he said the company is bidding for a select
smart city orders. He further added that the company is well placed for a healthy growth with
transformation being completed.
Mastek gains, to acquire 100% in Trans American Information (Rs.151, +3%)
Shares of Mastek advanced as it is going to acquire 100% stake in Trans American Information Systems. The
company's board has approved to acquire 100% equity shares of Trans American Information Systems for
Rs.12.5 crore, subject to compliance with all applicable laws and requisite approvals, if any. For the said
acquisition, the company proposes to enter into a share purchase agreement and post the acquisition Trans
American Information Systems will become a 100% subsidiary of the company. The board has also give
approval for a corporate guarantee and mortgage, to secure the loan facility sanctioned by Axis Bank UK to
Digility Inc. US, a step-down subsidiary of the company, to secure term loan facility of USD 10 mn to be
availed by Digility Inc. Digility Inc will use this loan facility to part finance the acquisition of two US based IT
consulting and software services companies and shall accordingly, enter into a share purchase agreement in
respect of the said acquisitions. Digility Inc will acquire 100% in TaisTech LLC, USA and Trans American
Information Systems Inc. USA for an aggregate of upto USD 23.75 mn. The above acquisitions are expected
to be completed in about 2.3 months for the date of execution of the share purchase agreement.
Syngene fire could cost co several crores; losses insured: MD (Rs.598, -5%)
A massive fire broke out at Syngene facilty near Bengaluru last evening but in a relief no casualties were
reported as the incident took place after office hours. But, the damage in terms of value will run into
several crores, said company's MD, Kiran Mazumdar Shaw. Speaking to media, Shaw said, the fire broke out
in the upper floors of the company's building and it was fanned by the cyclonic winds, making the fire
worse. Bengaluru is one of cyclone-affected areas. There was a delay in stabalising the situation and the fire
went out of control resulting in gutted labs. Company's focus now is on business continuity and it expects
minimnal business disruption. Syngene has a lot of buffer lab capacity which it will immediately move into.
We want minimnal business disruption, said Shaw. She further said, there will be no impact on profit and
loss (P&L) as the losses have been insured, said Shaw.
US FDA finds quality control problem at Sun Pharma's Halol plant (Rs.683, +1%)
The US Food and Drug Administration (FDA) has again raised concerns about the quality control process at
Indian drugmaker Sun Pharmceutical Industries ' Halol factory, an inspection report obtained by Reuters
shows. Earlier this month, Sun said it had been informed by the US health regulator of more concerns about
its plant in the western Indian state of Gujarat after a recent inspection, but details of the violations were
3
unclear at the time. According to the 14-page-long report, a copy of which was obtained by Reuters through
a Freedom of Information Act Request, FDA has identified nine violations - including a couple of repeat
violations - at the plant following an inspection between Nov. 17 and Dec 1. The approval of several of Sun's
key drugs in its biggest market, the United States, depends on clearance of the Halol plant. The world's No.5
generic drugmaker has been working on improving processes at Halol since the FDA warned it a year ago of
concerns with the manufacturing process at the site. The violations listed by the FDA after its latest
inspection at Halol include problems with Sun's quality control system, some of which were also cited by
the US health regulator in its warning letter issued to Sun in Dec 2015. "Appropriate controls are not
exercised to assure that changes to documents related to the manufacture of drug products are instituted
only by authorized personnel," FDA inspectors said in their recent report. They also listed a lack of proper
maintenance of important records related to the manufacturing process and cited concerns about the
accuracy of some of the drug testing methods employed. Other findings included delays in informing the
agency of contamination or failure of drug batches. The FDA procedure requires Sun to respond to the
agency this week, detailing the corrective measures the firm plans to take. A spokesman for Sun did not
respond to a request for comment on Tues.
Lypsa Gems, Inox Wind up on order win (Rs.205, +2%)
Lypsa Gems and Jewellery's wholly owned subsidiary Lypsa Gems and Jewellery DMCC has received a new
order worth Rs.17.7 crore from customers based out in UAE, for supply of diamonds and diamond-studded
jewellery. The company is going to execute this order over the next 14 months. Inox Wind has bagged an
order for a 50 MW wind power project to be deployed in the state of Gujarat from NTPC. The company will
supply and install 25 units of its advanced 2MW DFIG 100 rotor dia wind turbine generators for NTPC. The
said project is scheduled to be commissioned by Q1 FY2017-18 and will be executed on a turnkey basis.
Co completed 75% of sales across 3 projects in BKC: Sunteck (Rs.228, +10%)
Speaking to media Sumesh Mishra, President & COO of Sunteck Realty said that people are postponing their
buying decisions by 1-2 quarters. But he is confident of strong bookings in the next 2-3 quarters. “We have
Rs.344 crore in first half of FY17. About 125 apartments are sold out of which 5 apartments are from the
BKC project which have a ticket size of Rs.22 crore to Rs.55 crore. The company has completed about 75%
of sales across three projects in BKC, he said.
Artson Engineering up on order win worth Rs.108 cr (Rs.49, +12%)
Shares of Artson Engineering rose as it has received a contract from leading PSU. The company has received
a contract of Rs.108 crore from a leading PSU. The contract includes design, detailed engineering, supply,
fabrication, installation, testing, foundation work, fire protection and other civil works for double deck
floating roof type crude oil storage tanks in the state of Odisha, India.
Shilpa Medicare receives approval from USFDA for Capecitabine tablets (Rs.673, +2%)
Shilpa Medicare Ltd has informed BSE that the Company has received an approval from the United States
Food & Drug Administration (USFDA) (the Office of Bioequivalence) for Capecitabine Tablets USP, 150 mg
and 500 mg to be bioequivalent and therapeutically equivalent to the reference listed drug product (RLD),
Xeloda Tablets, 150 mg and 500 mg of Hoffmann-La Roche, Inc.
4
Aiming for 20-25% revenue growth in FY17: Mandhana Industries (Rs.31, +20%)
Mandhana Industries, which sells apparels under Salman Khan's Being Human brand, is expecting 20-25%
revenue growth despite slowdown in Nov due to demonetisation. Speaking to media, Manish Mandhana,
Managing Director of the company said sales had dropped in Nov, but have recovered this month. Second
half of the year is expected to be better with festivals and wedding season. The company has about 700
point-of-sales (PoS) and 60 exclusive stores of Being Human worldwide. The company’s debt stands at
Rs.7.12 crore. Opening new stores, point of sales – In April this year, Being Human had demerged form
Mandhana Industries to form Mandhana Retail Ventures, which will be listing tomorrow.
M&M Fin slips as demonetisation to impact biz in H2FY17 (Rs.268, -2%)
Mahindra & Mahindra Financial Services shares fell as the company expects demonetisation to impact
business in the second half of current financial year. Post demonetisation, footfalls at dealerships in semi-
urban markets have gone down and the volume of work has come down in the last few weeks, Ramesh
Iyer, VC and MD of M&M Financial Services said in an interview to media. He said that the rural segment
was going through difficult times due to the cash crunch. He expects tailwinds in the business for the next
one-two quarters. "Commercial vehicles are seeing the highest volume drop and sufferings will be with
respect to daily earners," Iyer said. M&M Financial is a non-banking finance company that provides vehicle,
home, SME and personal loans. Meanwhile, Bajaj Finance also in its presentation to investors, on Dec 12,
highlighted the impact of demonetisation on its business, saying inquiries dropped drastically post
demonetisation and has seen overall inquiries falling by 20%.
Bajaj Hindusthan Q2 net loss narrows to 137.71 cr (Rs.14, -2%)
Bajaj Hindusthan Sugar Ltd reported standalone net loss of Rs.137.71 crore for the second quarter of the
current fiscal on high finance cost. Its net loss was higher at Rs.282.72 crore in the Jul- Sept period of last
fiscal, the company said in a regulatory filing. Income from operations, however, rose to Rs.906.44 in the
Jul-Sept quarter of the 2016-17 fiscal from Rs.801 crore in the corresponding period of 2015-16. The
company posted a net loss due to high finance cost, which stood at Rs.201.78 crore. Bajaj Hindusthan has
14 sugar mills with cane crushing capacity of 1.36 lakh tonnes per day and alcohol distillation capacity of
800 kilo litres per day.
Hindustan Copper Q2 profit declines 12% at Rs.7 cr (Rs.61, -3%)
State-run Hindustan Copper reported an 11.8% decline in standalone net profit after tax at Rs.6.7 crore for
the quarter ended Sept 30. The company had posted a standalone net profit after tax of Rs. 7.6 crore in the
corresponding quarter of the previous fiscal, Hindustan Copper said in a BSE filing. The standalone total
income of the company during Jul-Sept quarter declined to Rs.213.7 crore as against Rs.238.5 crore in the
year-ago period. Hindustan Copper Ltd (HCL) manufactures copper right from the stage of mining to
beneficiation, smelting, refining and casting of refined copper metal into downstream saleable products.
HCL's mines and plants are spread across four operating units, one each in Rajasthan, Madhya Pradesh,
Jharkhand and Maharashtra.
On track to achieve Rs.1 lakh cr target in FMCG biz by 2030: ITC (Rs.235, +1%)
ITC continues to have a robust profile, with each vertical having potential to grow. The company is on track
to achieve its Rs.1 lakh crore target by 2030 in the Fast Moving Consumer Goods (FMCG) vertical, Sanjiv
Puri, COO of ITC. "We are focusing on strengthening our presence in existing categories," he said adding
5
new launches will be growth drivers in future. Speaking to media Shereen Bhan, Puri said the company is
looking to diversify into fruits, vegetables and seafood business soon. ITC has launched 25 products this
year and may launch another few in last month. Focus is on setting up of physical infrastructure to improve
supply chain and cost efficiency, Puri added. The company is undertaking 20 such projects of which one has
already started functioning in Kolkata.
NTPC enters wind power space, partners with Inox Wind (Rs.165, 0%)
Marking its foray into wind power generation, state-owned NTPC has partnered with Inox Wind for a 50-
MW wind project to be deployed in Gujarat. "Inox Wind Ltd... has bagged an order for a 50-mw wind power
project to be deployed in the state of Gujarat from NTPC Ltd," a press release said. With 47 GW of capacity
under operations, NTPC is the country's largest energy conglomerate and this 50 MW maiden order marks
its foray into wind energy generation, the statement said. The project is scheduled to be commissioned by
first quarter of 2017-18 and will be executed on a turnkey basis. "As part of the order, Inox Wind will supply
and install 25 units of its advanced 2MW DFIG 100 rotor diameter wind turbine generators (WTGs) for
NTPC," the release said. "The 100 rotor diameter WTG has one of the highest swept areas that make it
ideally suited to maximise returns, especially in low wind areas," it added. Inox Wind's 450 MW Rojmal site
is one of the largest wind farms in Gujarat. The common power evacuation infrastructure facilities at the
site have already been commissioned. "It is a proud moment for Inox Wind to partner with NTPC... to
provide clean, sustainable and renewable power to our nation. With this new order, we will further
reinforce our dominant market position in Gujarat as the leading wind energy solutions provider," Inox
Wind CEO Kailash Tarachandani said in a statement.
Swan Energy rose on GMB approval (Rs.201, +20%)
Share price of Swan Energy rose on the Gujarat Maritime Board approval to commence construction of LNG
terminal for its project in Gujarat. "The company's subsidiary Swan LNG (SLPL) has received approval from
Gujarat Maritime Board (GMB) for commencement of construction of LNG terminal with ancillary structures
for its floating storage and re-gasification unit (FSRU) project at Jafrabad, Gujarat," as per company release.
SLPL has executed an EPC contract for marine and dredging works worth Rs.2115 crore with National
Marine & Infrastructure India (NMIIPL) for carrying out the construction of LNG terminal at Jafrabad,
Gujarat. The said project is to be completed within 3 years. NMIIPL has already started the construction
works.
IL&FS Engg up, lowest bidder for Rs.225 cr project (Rs.47, +6%)
Shares of IL&FS Engineering and Construction Company rose as it has emerged as lowest bidder for Rs.225
crore rural electrification works. The company has emerged as the lowest bidder for rural electrification
(RE) works of Jharkhand Bijli Vitran Nigam (JBVNL), Ranchi worth Rs.225 crore in package of Sahibganj
comprising Sahibganj and Pakur districts in Jharkhand state under Deen Dayal Upadhyay Gram Jyoti Yojana
(DDUGJY). The above work is scheduled to be completed in 24 months. ILandFS Engineering Services has
been involved in rural electrification works in the states of West Bengal, Rajasthan, Orissa, and Uttar
Pradesh.
HDIL Q2 net profit down 35% at Rs.37 cr (Rs.61, -1%)
Housing Development and Infrastructure Ltd reported 35% fall in consolidated net profit to Rs.37.01 crore
for the Sept quarter of the current fiscal. Its net profit stood at Rs.57.1 crore in the same quarter of last
fiscal, said the Mumbai-based developer in a regulatory filing. Income from operations also fell to Rs.218.54
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crore in the Jul-Sept quarter of 2016-17, from Rs.236.76 crore in the year-ago period. Total income declined
to Rs.223.25 crore in quarter under review, from Rs.242.74 crore in the same period of last fiscal.
Bajaj Electricals enters into strategic alliance with UK based Gooee (Rs.219, 0%)
Bajaj Electricals Ltd has informed BSE regarding a Press Release dated Dec 13, 2016 titled "Bajaj Electricals
enters into strategic alliance with UK based Gooee for IoT based lighting solutions".
Scanpoint Geomatics bags project worth Rs.95.47 crore (Rs.15, -3%)
Scanpoint Geomatics Ltd has informed BSE that the Company has been awarded a Project for
"Establishment of Ground Control Network, Conducting Survey/Resurvey and Updation of the Survey &
Settlement (Records) Operations in Rajasthan" by the Government of Rajasthan. The aggregate value of the
orders received by the Company is Rs.95,47,00,150/-. The execution period of the Project shall be 5 years.
Mindtree evaluating fintech partnerships for digital payments (Rs.492, +5%)
Mindtree has been at the forefront of digitisation. Nearly 40% of company's revenues are classified as
revenues coming in from digital. Speaking to media, MD & CEO Rostow Ravanan said, going digital has been
a phenomenal opportunity for the company. He said in India digitisation is evolving very rapidly given the
policy changes and some of the newer technology being deployed like unified payment interface (UPI).
Government is encouraging the push towards digital and Ravanan says these technologies will get deployed
very rapidly. Large-scale adoption will also be rapid. Even in markets like India and within areas like financial
services, the potential for digital is much more than what people are currently planning for, he said.
Mindtree is also evaluating partnerships with few interesting players in the financial technology segment. It
can be a few billions of dollars worth of opportunity in India across any fronts, said Ravanan.
7
Information of Bulk Deals – 13th Dec 2016 on BSE
Scrip name Name of Client BUY (B) / SELL (S)
Quantity Shares
Trade Price/ W Avg. Price
Abhiinfra Boorgu Srikanth S 27,500 47.97
Abhiinfra Harsh Rohitbhai Patel B 50,000 47.95
Abhiinfra Polisetty Joseph S 20,000 47.91
Abhiinfra Shiva Kumar Komaravelli S 27,500 48.01
Anshus Datta Sumit Satyavrat B 93,024 2.58
Avl Guiness Securities Limited B 2,88,000 15.34
Fiberweb Gouri Gupta B 63,781 174.45
Fiberweb Sulochnadevi Anilkumar Agarwal S 71,379 173.86
Gangapharm Aryaman Broking Limited S 2,08,000 7.5
Gangapharm Overskud Multi Asset Management Private Ltd B 2,08,000 7.5
Gmlm Girdhari Lal Mangal (Huf) B 12,750 13.5
Gmlm Krishan Kumar Nagpal S 12,750 13.5
Gujterc Brijesh Jayantibhai Patel S 59,204 11.9
Gujterc Shilpa Porinju Veliyath B 42,840 12
Istrnetwk Pradeep Malu S 5,00,000 19.36
Kuberji Abhik Jitendra Shah B 23,400 71.1
Mandhana Olumpus Trading And Advisory Llp S 1,90,000 30.7
Vama G K Properties Private Limited B 5,00,000 21.65
Vama Nitin Siddamsetty S 5,00,000 21.64
Winsomedj Prime India Investment Fund Limited S 8,10,546 0.35
Information Of Bulk Deals – 13th Dec 2016 On NSE
Scrip name Name of Client BUY (B) / SELL (S)
Quantity Shares
Trade Price/ W Avg. Price
Dhampur Sugar Mills Ltd Hsbc Global Investment Funds-Asia Ex Japan Eq B 1444791 115.4
Dhampur Sugar Mills Ltd J P M S L A/C Copthall Mauritius Investment Ltd S 1444791 115.4
Escorts India Ltd. Hsbc Global Investment Funds-Asia Ex Japan Eq B 1345855 321.6
Escorts India Ltd. J P M S L A/C Copthall Mauritius Investment Ltd S 1345855 321.6
Mandhana Indus. Ltd Olumpus Trading And Advisory Llp S 320600 30.6
Nandani Creation Limited Vijit Asset Management Private Limited B 24000 40.3
Sumeet Ind Limited Sumeet Shankarlal Somani B 500000 41.96
Tata Motors Limited Tata Sons Limited B 50000000 486.13
Tvs Electronics Limited Rohan S Hegde S 121884 223.55
Vakrangee Limited Credit Suisse (Singapore) Limited A/C Credit Suisse B 7342093 264.5
Vakrangee Limited Newtree Trading Company Private Limited S 8785000 264.91
Zicom Electronic Security Jaiprakash Nariandas Bhatia S 176660 45.24
8
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. Avalaskar Sneha H 4145 (0.00) 45 56385 Disposal 4100 (0.00) 06/12/2016
HDFC Ltd. Avalaskar Sneha H 4100 (0.00) 1,000 1288450 Disposal 3100 (0.00) 08/12/2016
Hdfc Bank Ltd Tarun Leekha 3875 (0.00) 1,000 1201500 Disposal 2875 (0.00) 12/12/2016
Hdfc Bank Ltd Krishna Mohan Ak 18100 (0.00) 2,000 2159392 Disposal 16100 (0.00) 12/12/2016
Hdfc Bank Ltd Rohit Khemka 19000 (0.00) 1,000 1201500 Disposal 18000 (0.00) 12/12/2016
Hdfc Bank Ltd Phiroz Kerawalla 44333 (0.00) 1,500 1798000 Disposal 42833 (0.00) 12/12/2016
Hdfc Bank Ltd Gayathri Suryanarayanan 15025 (0.00) 3,755 4506000 Disposal 11270 (0.00) 12/12/2016
Hdfc Bank Ltd Anand Deepak Mankodi 124500 (0.00) 1,500 1795000 Disposal 123000 (0.00) 12/12/2016
Hdfc Bank Ltd Ashok Khanna 13000 (0.00) 372 447147 Disposal 12628 (0.00) 12/12/2016
Hdfc Bank Ltd Arun Kumar Mohanty 4025 (0.00) 200 230000 Disposal 3825 (0.00) 12/12/2016
Hdfc Bank Ltd Ashok Khanna 12628 (0.00) 1,000 1205000 Disposal 11628 (0.00) 12/12/2016
Hdfc Bank Ltd Navin Puri 147188 (0.01) 1,800 2159392 Disposal 145388 (0.01) 12/12/2016
Hdfc Bank Ltd Paresh Sukthankar 761155 (0.03) 10,000 12010000 Disposal 751155 (0.03) 12/12/2016
Hdfc Bank Ltd Parag Rao 68000 (0.00) 1,500 2159392 Disposal 66500 (0.00) 12/12/2016
Hdfc Bank Ltd Rajani Dhananjay Gambhire 6000 (0.00) 400 480000 Disposal 5600 (0.00) 12/12/2016
Hdfc Bank Ltd Shifali Jain 15500 (0.00) 1,000 1202019 Disposal 14500 (0.00) 12/12/2016
Hdfc Bank Ltd Mohahalli Dilip Kumar 15015 (0.00) 1,835 2159392 Disposal 13180 (0.00) 12/12/2016
Hdfc Bank Ltd B Ramdoss 30000 (0.00) 1,000 1202000 Disposal 29000 (0.00) 12/12/2016
Hdfc Bank Ltd Kartik Nagda 10850 (0.00) 5,000 6017500 Disposal 5850 (0.00) 12/12/2016
Hsil Ltd. Paco Exports Limited 21258067 (29.41) 21,933 6188352.75 Acquisition 21280000 (29.44) 12/12/2016
Envair Electrodyne Ltd. Shripad Mirashi 1831200 (60.24) 200 5200 Acquisition 1831400 (60.24) 12/12/2016
Kotak Mahindra Bank Ltd. Gobind Jain 23180 (-) 1,000 735050 Disposal 22180 (-) 07/12/2016
Itc Ltd. Ramesh Babu 13050 (-) 6,500 1549600 Disposal 6550 (-) 09/12/2016
Itc Ltd. Pallav Gupta 510290 (-) 5,500 1303617 Disposal 504790 (-) 09/12/2016
Itc Ltd. G N Murthy 8896 (-) 5,300 1273050 Disposal 3596 (-) 09/12/2016
Itc Ltd. Dhamotharan R 162200 (-) 10,000 2371200 Disposal 152200 (-) 09/12/2016
Ncl Industries Ltd.-$ Kalidindi Ravi 2488125 (6.77) 3,000 345450 Acquisition 2491125 (6.78) 09/12/2016
9
Alembic Ltd. Nirayu Pvt Ltd 35816712 (13.41) 30,000 1091722 Acquisition 35846712 (13.42) 12/12/2016
Ultramarine & Pigments Ltd.-$ Sam C Sales & Market Creating Llp 73939 (0.25) 1,793 Disposal (0.24) 12/12/2016
Grp Ltd. Mrudula J Shah 4903 (0.37) 17 25925 Disposal 4886 (0.37) 16/11/2016
Grp Ltd. Mrudula J Shah 4886 (0.37) 800 1220000 Disposal 4086 (0.31) 17/11/2016
Grp Ltd. Mrudula J Shah 2452 (0.18) 612 894347 Disposal 1840 (0.14) 02/12/2016
Grp Ltd. Mrudula J Shah 1840 (0.14) 200 294000 Disposal 1640 (0.12) 08/12/2016
Grp Ltd. Mrudula J Shah 1640 (0.12) 823 1218040 Disposal 817 (0.06) 08/12/2016
Gruh Finance Ltd. Harshal R Vaidya 27250 (-) 10,000 3103300 Disposal 17250 (-) 07/12/2016
K.Z.Leasing & Finance Ltd. Ankit Pravin Patel 25956 (0.85) 4,100 38018 Acquisition 30056 (0.99) 12/12/2016
Deccan Gold Mines Ltd. Rama Mines (Mauritius) Ltd 25638015 (28.38) 70,579 Disposal (28.30) 08/12/2016
Upl Limited Kalyan Mohan Banerjee 346204 (0.06) 44,884 31520942.05 Disposal 301320 (0.05) 09/12/2016
Bhagyanagar India Ltd. Narender Surana 5285882 (8.26) 250 4505 Acquisition 5286132 (8.26) 12/12/2016
Sumeet Industries Ltd.-$ Sumeet Shankarlal Somani 1465070 (2.52) 5,00,000 20980000 Acquisition 1965070 (3.39) 13/12/2016
Apcotex Industries Ltd. Saldhar Investments And Trading Company Pvt Ltd
10560200 (50.92) 38,100 12309632.64 Acquisition 10598300 (51.11) 09/12/2016
Apcotex Industries Ltd. Devanshi Anant Veer Jalan 185353 (0.89) 38,000 12234190.62 Disposal 147353 (0.71) 09/12/2016
Shetron Ltd. Diwakar Shetty 433327 (4.81) 2,175 82650 Acquisition 435702 (4.81) 12/12/2016
Manappuram Finance Ltd. Dr P D Prasannan 359610 (0.04) 6,000 434940 Acquisition 365610 (0.04) 12/12/2016
Axis Bank Ltd. Shikha Sharma 575000 (0.02) 25,000 11316250 Disposal 550000 (0.02) 09/12/2016
Axis Bank Ltd. Rupesh Karanjawala 45175 (0.00) 15,000 6773141 Disposal 30175 (0.00) 07/12/2016
Axis Bank Ltd. Pankaj Sharma 60500 (0.00) 19,000 8531596 Disposal 41500 (0.00) 12/12/2016
Palred Technologies Limited Palem Srikanth Reddy 599499 (7.30) 1,920 157525 Acquisition 601419 (7.32) 12/12/2016
Yes Bank Ltd. Tushar Pandey 29457 (-) 500 575204.45 Disposal 28957 (-) 25/11/2016
Yes Bank Ltd. Tushar Pandey 28957 (-) 350 407351.92 Disposal 28607 (-) 29/11/2016
Yes Bank Ltd. Tushar Pandey 28607 (-) 1,500 1812904.09 Disposal 27107 (-) 08/12/2016
Yes Bank Ltd. Tushar Pandey 28507 (-) 500 609586.00 Disposal 28007 (-) 09/12/2016
Yes Bank Ltd. Sanjay D Palve 660250 (0.16) 250 301735 Disposal 660000 (0.16) 07/12/2016
Yes Bank Ltd. Sanjay D Palve 660000 (0.16) 500 606337 Disposal 659500 (0.16) 08/12/2016
Yes Bank Ltd. Sanjay D Palve 767000 (0.16) 500 610787 Disposal 766500 (0.18) 09/12/2016
Tech Mahindra Ltd. Basanta Kumar Mishra 37500 (-) 3,096 1444321 Disposal 34404 (-) 12/12/2016
Adani Ports And Special Economic Zone Ltd.
Afro Asia Trade And Investments Limited 12720739 (0.61) 5,00,000 141022464 Acquisition 13220739 (0.64) 12/12/2016
Eclerx Services Ltd. Eclerx Employee Welfare Trust (-) 900 1333118.06 Acquisition 900 (-) 12/12/2016
Man Infraconstruction Ltd. Vatsal P Shah 12854434 (5.19) 50,000 1950000 Acquisition 12904434 (5.21) 12/12/2016
10
Persistent Systems Ltd. Suresh Purushottam Deshpande 5832767 (7.29) 1,181 709680.93 Disposal 5831586 (7.29) 12/12/2016
Surana Solar Limited Narender Surana 4782504 (9.71) 9,650 241948 Disposal 4772854 (9.69) 12/12/2016
Manpasand Beverages Ltd Dhirendra Singh 25230500 (44.10) 15,000 8585182 Acquisition 25245500 (44.12) 13/12/2016
Idfc Bank Ltd R Deepak 28500 (-) 5,000 346800 Disposal 23500 (-) 22/11/2016
Idfc Bank Ltd R Deepak (-) 5,000 350550 Disposal 18500 (-) 23/11/2016
Idfc Bank Ltd R Deepak (-) 7,000 474180 Disposal 11500 (-) 09/12/2016
Interglobe Aviation Ltd Sanjay Kumar 305738 (0.08) 22,840 19423087.65 Disposal 282898 (0.08) 09/12/2016
Rbl Bank Ltd Krishna Vrsg 40155 (0.01) 10,000 3535720 Disposal 30155 (0.01) 08/12/2016
Rbl Bank Ltd Dilip Dumbhare 24400 (0.01) 3,050 1074750 Disposal 21350 (0.01) 09/12/2016
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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])
Sushil Financial Services Private Limited Member BSE: SEBI Regn.No. INB/F010982338 | Member NSE: SEBI Regn.No.INB/F230607435.
Office: 12, Homji Street, Fort, Mumbai 400 001. Phone +91 22 4093 6000 Fax +91 22 2266 5758
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