Most Market Roundup R K · PDF fileMost Market Roundup ... LNG Ltd touched a record high after Nomura analysts raised their price target on the ... CONCOR to also provide technical,

Most Market Roundup April 12th,2017

R K GLOBAL

EQUITY Market Sensex 29643.48 (-0.49) Nifty 9203.45 (-0.36)

R K GLOBAL 61, 6th Floor, Mittal Chambers, 228 Nariman Point, Mumbai- 400 021, Phone: + 91 - 22 - 4210 5555 61, 6th Floor, Mittal Chambers

228 Nariman Point

Closing Bell: BSE Sensex closed lower by 145 points, or 0.49%, to 29,643, while the Nifty 50 fell 34 points, or 0.36%, to 9,203. BSE Sensex fell on Wednesday, leading to a fourth session of fall in five, as investors exercised caution ahead of the start of the earnings season, while sentiment was also hit by geopolitical concerns. After hitting a record high of 9,273.90 points last week, the broader NSE index has fallen about 0.9% as investors wait for corporate results, with Infosys Ltd due to report on Thursday. The Nifty PSU Bank index, which had risen nearly 20% this year as of Tuesday’s close, was down 1.1%, poised to snap two consecutive sessions of gains. Private sector lender ICICI Bank was the biggest drag on the NSE index, falling as much as 1.9%. Meanwhile, Vedanta Ltd gained as much as 3.9% and Cairn India Ltd rose up to 2.9% to its highest since 2 October 2014 after Vedanta said on Tuesday it completed the buyout of Cairn India. Shares of Petronet LNG Ltd touched a record high after Nomura analysts raised their price target on the stock to Rs510 from Rs425, with a “buy” rating. Banking stocks trade lower. Indian Bank shares fall 3.5%, Corporation Bank 2.6%, Oriental Bank of Commerce 2.2%, Karnataka Bank 2%, Bank of India 2%, Jammu & Kashmir Bank 1.7%, Syndicate Bank 1.6%, Union Bank of India 1.3%, Allahabad Bank 1.3% and Indian Overseas Bank was down 1.1%. Delta Corp. shares fall 5.2% to Rs171.70. In the last six trading sessions, the stock fell 21% and so far this year, gained 55.3%. The Gujarat high court asks the federal government to consider the merger of Union territory of Daman with Gujarat to effectively implement prohibition. ubtown Ltd shares rise 20% to Rs114 after a huge block deal. Around 2 million shares of the company changed hands in a block deal. Pincon Spirit Ltd shares rise 2% to Rs65.20 after the company said its board approved issue of up to 5.7 million share warrants. Cyient Ltd shares rise 3.2% to Rs486 after broking firm Credit Suisse rated the stock outperform and also kept the price target at Rs625 a share. Adani group stocks trading lower. Adani Enterprises Ltd fell 1.4%, Adani Ports and Special Economic Zone Ltd fell 0.5%, Adani Transmission Ltd 1.4% and Adani Power Ltd 2.8%. Reliance Defence and Engineering Ltd fell 1.8% to Rs67.30 after the company reported a net loss of Rs139.92 crore in the December quarter against a net profit of Rs102.44 crore a year ago. Shares of Jubilant Life Sciences jumped nearly 6 per cent in Wednesday’s trade after ET Now reported that the company was looking to acquire a cancer and body imaging company in the US for a likely deal size of $150-200 million. Oil prices rose on Wednesday, putting crude futures on track for their longest streak of gains since August 2016, as Saudi Arabia was reported to be lobbying Opec and other producers to extend a production cut beyond the first half of 2017. Brent crude futures were at $56.40 a barrel, up 17 cents, or 0.3 per cent, from their last close, while WTI crude futures were rose by 16 cents, or 0.3 per cent, to $53.56 a barrel, also their highest level since early last month.

Exchange Toady Pre. Day BSE (CASH) 4130 3614

BSE(Derivative) 123.40 69.00

NSE (Cash) 25862 26594

NSE(Derivativ) 600463 411616

Exchange Today Pev. Day

BSE (Cash) 3480 3740

BSE(Derivative) 0.23 1.03

NSE (Cash) 24585 30617

NSE(Derivative) 272282 865138

Total 300348 899497

Group NIFTY IND BSE INDEX

Advance 19 75

Decline 32 125

Unchanged 00 00

Symbol LTP % Change BOSCHLTD 23600.00 +3.75

INFRATEL 367.35 +3.32

SUNPHARMA 685.90 +2.31

EICHERMOT 26320.00 +1.70

YESBANK 1634.00 +1.19

Symbol LTP % Change TATASTEEL 477.55 -2.16

WIPRO 500.00 -1.99

HINDALCO 192.55 -1.99

GAIL 377.10 -1.99

ZEEL 529.55 -1.96

Exchange No. of Contracts

Turn Over Index Futures 251212 19022.64

Stock Futures 659748 50948.76 Index Options 6135105 496921.03

Stock Options 428336 33570.74 F&O Total 7474401 600463.17

CASH VOLUME (Rs In Cr.)

ADVANCED / DECLINE

TOP INDEX GAINERS

TOP INDEX LOSERS

DERIVATIVE VOLUME In Cr.

Stock future Price Rs. Vol OI Contract

RELIACE 1355.0 21566 37680 ICICIBANK 280.7 15415 30163 SBIN 290.3 13551 27468

RELCAPITAL 611.5 12902 9315

ACTIVE STOCK IN FUTURE


R K GLOBAL



228 Nariman Point

News: Mytrah Energy plans to use the funds to refinance its debt and provide

exits to investors IDFC Alternatives, AION Capital and Merrill Lynch before its planned IPO.

U.S. oil inventories dropped 1.3 million barrels last week, the American Petroleum Institute is said to have reported. The more official EIA data due today may show stockpiles declined by 1.5 million barrels. The report is due at 10:30 a.m. in Washington.

The U.S.-Russia relationship will be closely monitored as Rex Tillerson visits Moscow.

Canada will probably hold its benchmark interest rate at 0.5 percent while Brazil will likely lower its key rate by a full percentage point, the biggest cut since 2009, as inflation has slowed by half in the last year.

Currencies – The Bloomberg Dollar Spot Index was little changed as of 11:25 a.m. in

London.

The euro was also steady at $1.0602 after gaining for two days.

The yen fell less than 0.1 percent to 109.68 against the dollar, erasing an earlier gain of 0.3 percent.

Stocks –

The Stoxx Europe 600 rose 0.3 percent, paring an earlier advance; Daimler shares climbed 1.1 percent.

Futures on the S&P 500 were little changed, paring an earlier gain. The benchmark gauge finished 0.1 percent lower on Tuesday.

Bonds –

The yield on 10-year Treasuries was little changed at 2.30 percent. The rate dropped seven basis points on Tuesday.

German 10-year yields were little changed at 0.21 percent, near the lowest level since February.

Commodities –

West Texas Intermediate oil climbed 0.6 percent to $53.71 a barrel, after advancing for six straight sessions.

Gold was 0.1 percent lower at $1,273.95 an ounce, after jumping 1.6 percent on Tuesday to the highest since Nov. 9.

Asia –

South Korean stocks and the won gained for the first time in seven days, and Hong Kong equities erased losses to rally in late trading.

Japan’s Topix fell to the lowest level of the year as exporters and banks tumbled on the yen’s earlier strength.

As foreign investors chase telecom infrastructure assets in India, a potential merger between Indus Towers Ltd. and its smaller rival Bharti Infratel Ltd. will create the world’s biggest telecom tower company, replacing the American Tower Corp.

Apcotex Industries Jumps On High Volumes –

Stock jumped as much as 15.7% to its highest level since November 2016

Trading volumes rose 34.75 times the 20-day average volumes

The manufacturer of synthetic rubber has a market capitalization of just under Rs 750 crore.

Shilpa Medicare Surges As U.S. FDA Accepts Corrective Action Plan - Shares of the pharmaceutical firm rose as much as 9.7 percent to Rs 748.9.

Indices Closing Price Change(%)

Dow 30 20651.30

-0.03

Nasdaq 5866.77 -0.24

FTSE 100 7357.25 -0.11

DAX 12148.00 +0.07

S&P/TSX 15727.11 -0.02

CAC 40 5111.77 +0.19

Nikkei 225 18552.61 -1.04

Shanghai 3273.83 -0.46

Hang Seng 24313.50 +0.93

V/S INR Closing Price Change(%)

Dollar 64.68 +0.29

Euro 68.57 +0.19

Pound 80.82 +0.27

JPY 0.59 +0.00

Aus 48.40 +0.12


Crude OIL 53.60 +0.37

Gold 1276.85 +0.21

Silver 18.348 +0.51

Aluminium 1913.75 -0.32

Copper 2.606 +0.08

GLOBAL COMMODITY

GLOBAL INDICES

GLOBAL CURRENCIES


Crude OIL 3470.00 +0.64

Gold 29222.00 +0.10

Silver 42329.00 +0.34

Aluminium 123.55 -0.16

Copper 369.10 -1.11


Sensex 29643.48 -0.49

Nifty 50 9203.45 -0.36

Nifty Next 50 25915.65 +0.17

Nifty Mid 50 4427.95 -1.05

Indices Today Closing Previous Clo

FII -580.60 -750.52

DII 701.12 826.66

Note - *Data as of today, 5 P.M

DOMESTIC COMMODITY

DOMESTIC INDICES

INSTITUTIONAL ACTIVITY


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228 Nariman Point

Stocks To Watch:

Axis Bank Exchanges sought

clarification from the bank over news reports of CBI booking officials for Rs 100.57 crore deposits post demonetisation

Bank clarifies that they have completed preliminary investigations from their end and taken appropriate action against the employees

Prima facie, the employees were found to be involved

Bank says that a detailed investigation is underway.

Vedanta UCompletes merger with

Cairn India Fixes April 27, 2017 as

the date for determining list of Cairn shareholders to whom the equity and preference shares of Vedanta will be allotted

Shareholders of Cairn India will receive one equity share and four 7.5 percent redeemable preference shares in Vedanta for each equity share held in Cairn India

Cairn India shareholders will also receive an interim dividend of Rs 17.7 per equity share as approved by the board of Vedanta on March 30, 2017

nions representing the non-executives, crew and petty officer of company have given call for one day strike on April 11, 2017

Aditya Birla Nuvo Shareholders approve

amalgamation of the company with Grasim and

listing of the Financial service business. Merged entity will have a consolidated turnover of Rs 59,766 crore,

EBITDA of Rs 11,961 crore and a net profit of Rs 4,245 crore for the year ending March 31, 2016.

Wipro Completes acquisition of infoSERVER S.A. Acquisition will reflect in the financials for the quarter ending June 30,

2017. Torrent Pharma Company informs exchanges that it executed certain agreements with

Novartis Deal is subject to approval of the Competition Commission of India and

other applicable regulatory approvals Deal arrangement therefore is not material in nature. Indoco Remedies – Signs MoU with Container Company of Bangladesh for introduction of

container train services between India and Bangladesh Train to facilitate international and domestic trade CONCOR to also provide technical, managerial, capacity building,

training and other required support system to Container Company of Bangladesh

Support to develop and operations of container trains and inland container depots.

Gammon India Board approves restructuring plan Will be selling Gammon House and 49 percent shareholding in Gammon

Power to Gammon Retail Infrastructure Pvt. Ltd. Will also transfer 90 percent of its shareholding in Metropolitan

Infrahousing Pvt. Ltd. to M/s Franco Tosi Hydro Pvt. Ltd. Will be looking to sell 90 percent of its holding in Gammon

Transmission, Franco Tossi Hydro and Gammon Retail Infrastructure to one or more investor

Will also look to divest its shareholding in its indirect subsidiary Preeti Townships at a fair value

All restructuring proposals will be completed within 12 months. Jammu and Kashmir Bank Board of Directors to meet on April 15, 2017 to consider preferential

issue of equity shares aggregating to Rs 282 crore to the government of Jammu and Kashmir

To also consider fund raising through issue of Basel-III compliant Tier-II bonds worth Rs 1,000 crore. Palred Technologies: To invest Rs 30 crore in LatestOne.com, which will now be valued at Rs 225 crore

Goa Carbon: Standalone Q4 net profit grew 12.4 times to Rs 5.08 crore while revenue grew 13.2 percent to Rs 76.38 crore

Dredging Corporation: Says there was no impact of the strike on the company's operations

IDBI Bank: United forum of IDBI officers and employees have declared a one day nationwide strike on April 12, 2017

Jindal Steel and Power: Seeks shareholder approval to issue 4.8 crore convertible warrants to promoter group entity and issue 14.2 lakh equity shares to M/s Nalwa Steel and Power Ltd at the current market price of Rs 127.45, looking to raise Rs 630 crore


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NBCC (India): New subsidiary Hindustan Steelworks currently has an order book of Rs 8,000 crore and a debt free company.

Cera Sanitaryware: Issues commercial paper worth Rs 30 crore, dated April 11, 2017 for working capital requirements of the company

Reliance Defence: Board approves raising Rs 1,200 crore via rights issue.

Hindustan Composites – Board of Directors

approve the stock split in the ratio of 1:2

One equity share of Rs 10 will be sub-divided into two equity shares of Rs 5 each

Board also approved bonus issue in the ratio 1:2

Bonus shares will be issued post the stock split.

Indian Hume Pipe Company –

Wins order worth Rs 109.64 crore from the Public Health Engineering Department of the Government of Rajasthan

Order to execute the work of re-organization of Urban water supply scheme at Alwar and Bhiwadi towns

Project to be completed in 24 months.

Spice Mobility: Seeks shareholder

approval to sell stake in wholly-owned Kimaan Exports Pvt. Ltd. to Spice Digital Ltd., another subsidiary for Rs 62.76 crore

Redington (India): Overseas step-

down subsidiary, M/s Arena Bilgisayar Sanayi Ve Ticaret A.S decides to sell its entire holding of 51 percent in its subsidiary M/s Adeo Bilisim Danismanlik Hizmetleri San ve Tic AS, Turkey for $1.65 million

Jaypee Infratech: Says the allegation in the FIR is wrong as the company had already obtained the requisite approvals for its project in Gautam Budh Nagar in 2013

Majesco: A two-tier speciality insurer renews application management service agreement for a period of three years to support various key operational systems

Capital First: Debenture committee of the board of directors to meet on April 13, 2017 to consider and approve the private placement of Non-Convertible Debentures.

JK Paper: To consider issue of equity shares consequent to conversion of foreign currency convertible bonds of 2.4 million euros on April 12, 2017

Indiabulls Ventures: Allotted 3.36 crore fully paid up equity shares to promoter group entities, CEO and whole-time director upon conversion of equivalent number of warrants.

Sagar Cements: Total consolidated sales for March 2017 grew 18.3 percent to 2,83.785 million tonnes.

Somany Ceramics: Franklin Templeton MF buys 3.4 percent stake at Rs 680 per share

Archies: Equity Intelligence India buys 1.2 percent stake at Rs 29.15 per share

Media Reports - Bharati Defence: Creditors propose an infusion of Rs 400 crore and

propose to rejig management. Edelweiss owns 85 percent of the Rs 10,000 crore debt of the company. (Economic Times).

Adani Enterprises: Australia hints at offering help to the company's mine. (Business Standard)

CESC: To focus on distribution over power generation. (Business Standard)

SAIL: Workers of three plants on strike to protest stake sale. (PTI) Eros International: Says bollywood streaming unit likely to double.

(Bloomberg) IDBI Bank, Central Bank of India: Sell loans worth Rs 30,000 crore to

meet capital norms. Despite sale, banks may fail to meet minimum capital requirement. (Economic Times)

Rural Electrification Corporation: looking to finance coal block development, power plant renovations. (Economic Times)

Tata Elxsi: Looking to set up R&D unit in Bengaluru along with Panasonic. (Financial Express)

Axis Bank: Cuts base rates by 10 basis points. (Financial Express) Phoenix Mills: Looks to double its mall portfolio investments to Rs

3,500-4,000 crore. (Business Standard) GTL Infra: Banks to convert debt to equity post merger with company's

Chennai network. (Business Standard) Coal India: Had stockpiles of 68.6 million tonnes as of March 31, 2017,

says Piyush Goyal. (Bloomberg) JSW Steel: Says spike in coking coal from Australia is temporary.

(Bloomberg)


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Madhucon Projects Joint venture with Sharda

Construction & Corporation Pvt. Ltd. and Shri Satya Saibaba Construction bagged two contracts worth Rs 583.04 crore in Maharashtra on EPC Mode.

Contract on EPC Mode for rehabilitation and upgradation of NH-166 worth Rs 173.6 crore

Joint venture Madhucon-Shreehari-Hulu bagged a contract worth Rs 166 crore in Maharashtra on EPC mode.

Jaiprakash Associates Acquired 40,000 equity

shares including 300 shares in which the company holds beneficial interest

Total acquisition amounts to 80 percent of Yamuna Expressway Tolling Ltd. through direct allotment

Yamuna Expressway Tolling Ltd. is yet to commence its business operations

Company proposes to carry out real estate development and management of toll rights at the Yamuna Expressway.

Satin Creditcare Network

Shareholders approve issuance of 6.58 lakh warrants on preferential basis to promoter group entity M/s Trishashna Holdings and Investments Pvt. Ltd. for Rs 455.45 per share

Also approves issuance of 15.99 lakh equity shares on preferential basis to Asian Development Bank,

a non-promoter entity for Rs 416.67 per share Lupin: Received U.S. FDA approval for generic Wellburtin XL Tablets,

150 and 300 mg. Wellburtin XL Tablets had U.S. sales of $755 million as of December 2016

DB Corp: Company and promoters enter into an agreement wherein promoters and promoter group have agreed to act as a single unit in managing the affairs of the company and will collectively hold atleast 51 percent of the total paid-up equity share capital of the company

Divi's Laboratories: U.S. FDA exempts some more products manufactured at the company's unit-II in Visakhapatnam from the import alert issued under clauses 66-40 and 99-32 of the regulations

IndusInd Bank: Passes resolution for issuance of Basel-III compliant bonds in the nature of Debentures towards non-equity regulatory Additional Tier-I capital for face value of Rs 10 lakhs each for cash aggregating to Rs 1,000 crore on a private placement basis.

Syndicate Bank: Lowers base rate from 9.6 percent to 9.5 percent with effect from April 10, 2017. MCLR and BPLR remain unchanged. Apollo Tyres: Commences commercial production at its manufacturing facility in Hungary from April 7, 2017

Bank of Maharashtra: To hold EGM on May 3, 2017 for shareholders' approval to issue equity shares to Government of India via preferential allotment

Kotak Mahindra Bank: Issues certificate of Registration to Kotak Infrastructure Debt Fund Ltd. to commence business of a non-banking financial institution as an Infrastructure Debt Fund

Talking Points

India to offer six coking coal blocks for captive use: Goyal. India court asks Central Electricity Regulatory Commission to determine power tariff compensation

RBI announces draft rules on introduction of tri-party repo Prime Minister Narendra Modi’s Israel visit said to spur missile deals as

ties deepen Argentina probing alleged dumping of transformers from India ICRA sees India raw sugar importers making Rs 4,000-5,000 profit India may buy 100,000 tonne of potato from Uttar Pradesh farmers Robeco’s emerging-market plan: buy stocks and choose Asia first Global funds sell Rs 751 crore of local stocks; domestic funds buy Rs

827 crore on Tuesday: Provisional data Germany’s biggest union warns Thyssenkrupp against Tata Steel JV RBI clarifies on permissible activities of IFSC (Indian Financial System

Code) banking units Delhi High Court allows Delhi International Airport Ltd (DIAL) plea on

aviation policy 2016 Flipkart Buys eBay India as part of $1.4-billion funding round China's SAIC says not signed any formal pact with GM for India plant Global funds sell Rs 716 crore of local stocks; domestic funds bought Rs

202 crore on Monday: Provisional data Bengaluru likely base for Qatar Airways’ India subsidiary (PTI) RBI bought net $1.2 billion of foreign exchange in February.


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Page

INDEX

CLOSE POINT CHANGE %CHANGE

NIFTY BANK 21666.80 -69.35 -0.32

NIFTY IT 10323.45 -75.40 -0.73

NIFTY REALTY 226.40 +0.30 +0.13

NIFTY INFRA 3190.85 -18.40 -0.57

NIFTY ENERGY 11914.00 -98.25 -0.82

NIFTY FMCG 23670.20 +18.45 +0.08

NIFTY MNC 11080.30 +8.35 +0.08

NIFTY PHARMA 10445.20 +89.65 +0.87

NIFTY PSE 4152.45 -19.95 -0.48

NIFTY PSU BANK NIFTY SERV SECTOR NIFTY MEDIA NIFTY METAL NIFTY AUTO

3531.40

11806.10

3173.55

3071.20

9987.15

-46.85

-55.45

-40.75

-20.85

-52.90

-1.31

-0.47

-1.27

-0.67

-0.53


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BSE CLOSING BELL NSE CLOSING BELL


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JSWSTEELE - JSW Steel Limited has informed the Exchange regarding Allotment of fixed rate Senior Unsecured Notes of US $ 500 Million. IBREALEST –Indiabulls Real Estate Limited has informed the Exchange regarding Post Buyback Public Advertisement of the equity shareholders/beneficial owners of the equity shares of Indiabulls Real Estate Limited. BHARTIART - Bharti Airtel Limited has informed the Exchange regarding a press release dated April 12, 2017, titled " Airtel launches Internet TV for Digital Homes ". NOTICE AND CIRCULAR :

Notice No Subject Segment Name

Category Name Department

20170412-14 Commencement of business by Trading Member (Deposit Based Member)

General Others Membership Compliance

20170412-13 Rights Renunciation of Vardhman Special Steels Limited

Equity Company related DCS-Listing

20170412-12 Part Redemption of Debentures of Velankani Information Systems Ltd.

Debt Corporate Actions Listing Operations

20170412-11 Demat Auction - 007 General Settlement/RMS Post Trade

20170412-10 Part Redemption and payment of interest on Secured Redeemable Non Convertible Debentures of M Power Microfinance Private Limited.


20170412-9 Part Redemption of Listed, Non-Convertible Debentures of Intrepid Finance And Leasing Pvt. Ltd.


20170412-8 Maturity of Mutual Fund Scheme of AXIS Mutual Fund.

Mutual Fund

Corporate Actions Listing Operations

20170412-7 Forfeiture of Equity Shares of SAI CAPITAL LTD. Equity Company related DCS-Listing

20170412-6 Launch of New Fund Offer of Mahindra Mutual Fund on BSE StAR MF Platform

Mutual Fund

Trading Trading Operations

20170412-5 Launch of New Fund Offer of Sundaram Mutual Fund on BSE StAR MF Platform

Mutual Fund


20170412-4 Launch of New Fund Offer of UTI Mutual Fund on BSE StAR MF Platform

Mutual Fund


20170412-3 Launch of New Fund Offer of Edelweiss Mutual Fund on BSE StAR MF Platform

Mutual Fund


20170412-2 Launch of New Fund Offer of UTI Mutual Fund on BSE StAR MF Platform

Mutual Fund


20170412-1 Update regarding Listing of new debt securities of Kotak Mahindra Investments Limited

Debt Company related DCS-Listing

Corporate Action Calendar

http://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20170412-14






























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Deal Date Security Code Security Name Client Name Deal Type * Quantity Trade Price

10/04/2017 532407 MOSCHIP ALLURE INFRA LLP B 500,000 49.5

10/04/2017 532407 MOSCHIP ALLURE INFRA LLP B 500,000 48.6

10/04/2017 532407 MOSCHIP SOLWELL ADVISORY SERVICEL LLP B 1,000,000 49

10/04/2017 532407 MOSCHIP SOLWELL ADVISORY SERVICEL LLP B 500,000 48.6

10/04/2017 532407 MOSCHIP SOLWELL ADVISORY SERVICEL LLP B 500,000 48.6

10/04/2017 532407 MOSCHIP PRATHIBHA REDDY KADIRI S 500,000 48.6

10/04/2017 532407 MOSCHIP RAMA CHANDRA REDDY KADIRI S 500,000 48.6

10/04/2017 532407 MOSCHIP RAMA CHANDRA REDDY KADIRI S 1,000,000 49



BLOCK DEAL


R K GLOBAL



228 Nariman Point

R K Global Shares And Securities 1St Floor, Rushabh Complex, Opposite Fun Republic,

New Link Road, Andheri West, Mumbai,

Maharashtra 400058

Disclosures This document has been prepared by R K GLOBAL.. to provide information about the company(ies) and/sector(s), if any, covered in the report and may be distributed by it and/or its affiliated company(ies). This report is for personal information of the selected recipient/s and does not construe to be any investment, legal or taxation advice to you. This research report does not constitute an offer, invitation or inducement to invest in securities or other investments and R K GLOBAL is not soliciting any action based upon it. This report is not for public distribution and has been furnished to you solely for your general information and should not be reproduced or redistributed to any other person in any form. This report does not constitute a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual clients. Before acting on any advice or recommendation in this material, investors should consider whether it is suitable for their particular circumstances and, if necessary, seek professional advice. The price and value of the investments referred to in this material and the income from them may go down as well as up, and investors may realize losses on any investments. Past performance is not a guide for future performance, future returns are not guaranteed and a loss of original capital may occur. Reports based on technical and derivative analysis center on studying charts company's price movement, outstanding positions and trading volume, as opposed to focusing on a company's fundamentals and, as such, may not match with a report on a company's fundamental analysis. This report is intended for distribution to institutional investors. Recipients who are not institutional investors should seek advice of their independent financial advisor prior to taking any investment decision based on this report or for any necessary explanation of its contents. Most and it’s associates may have managed or co-managed public offering of securities, may have received compensation for investment banking or merchant banking or brokerage services, may have received any compensation for products or services other than investment banking or merchant banking or brokerage services from the subject company in the past 12 months. Most and it’s associates have not received any compensation or other benefits from the subject company or third party in connection with the research report. Subject Company may have been a client of Most or its associates during twelve months preceding the date of distribution of the research report MOSt and/or its affiliates and/or employees may have interests/positions, financial or otherwise of over 1 % at the end of the month immediately preceding the date of publication of the research in the securities mentioned in this report. To enhance transparency, MOSt has incorporated a Disclosure of Interest Statement in this document. This should, however, not be treated as endorsement of the views expressed in the report.

There are no material disciplinary action that been taken by any regulatory authority impacting equity

research analysis activities

Analyst Certification The views expressed in this research report accurately reflect the personal views of the analyst(s) about the subject securities or issues, and no part of the compensation of the research analyst(s) was, is, or will be directly or indirectly related to the specific recommendations and views expressed by research analyst(s) in this report. The research analysts, strategists, or research associates principally responsible for preparation of MOSt research receive compensation based upon various factors, including quality of research, investor client feedback, stock picking, competitive factors and firm revenues

Disclosure of Interest Statement Analyst ownership of the stock No Served as an officer, director or employee No

Documents

Most Market Roundup R K · PDF fileMost Market Roundup ... LNG Ltd touched a record high after Nomura analysts raised their price target on the ... CONCOR to also provide technical,