W KL¥ CU $O - R K Global · 30-Jan 6:45pm USD ADP Non-Farm Employment Change Thousand 192K 164K 185K 30-Jan 7:00pm USD Advance GDP q/q Percentage -0.10% 1.10% 3.10% 31-Jan 12:45am

R K Global Research Team

W€€KL¥ CU`$O` 2nd February 2013

W€€KL¥ CU`$O`

2 February 2013 2

Index

Content Slide No.

Global Markets Outlook 3

Domestic Market Outlook 4

Market Statistics 5

Fund Flow Analysis 6

Domestic Economic Indicators 7-8

Commodity Prices 9-10

Currencies 11

Global Economic Calendar 12

R K Global Research Coverage Snapshot 13

Contact Us 14

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2 February 2013 3

Global Market Outlook Market This Week US companies kept expanding headcounts in January and revisions to previous months’ showed even bigger gains as the US job market made further strides. Payrolls increased by 157,000 workers following a revised 196,000 gain the prior month and a 247,000 jump in November. Revisions added 127,000 jobs to the tally in the last two months of 2012. A separate survey of households showed the unemployment rate unexpectedly rose to 7.9% from 7.8%. Brighter employment prospects, which will help lessen the pain for consumers of a higher payroll tax, sent the Dow Jones above 14,000 for the first time since 2007. At the same time, a jobless rate that Federal Reserve policy makers have said remains too high means the central bank is likely to keep pumping money into financial markets. The NASDAQ gained 0.9% for the week, while the DJIA gained 0.8%. On the European side, European stocks climbed the most in two weeks, paring the biggest weekly drop this year, as US payrolls and manufacturing growth increased in January and BT Group Plc reported earnings that beat analysts’ estimates. The euro touched the highest level against the dollar in 14 months as the European Central Bank’s balance sheet contracted while the Federal Reserve said it would continue pumping money into the US economy. The FTSE 100 rose 1% for the week, while the CAC 40 lost 0.1% and DAX lost 0.3% for the week. Asian stocks rose this week, with the regional benchmark index capping a three-month rally, as Japanese equities gained on earnings and a pickup in Chinese industrial profits highlighted the region’s growth momentum. The Shanghai Composite gained 5.0%, followed by Nikkei (2.4%), Straits Times (0.7%) and Hang Seng (0.6%).

Outlook for Next Week Earnings have exceeded expectations, the housing and labor markets have strengthened, lawmakers in Washington no longer seem to be the roadblock that they were for most of 2012, and money has returned to stock funds again. Heading into another busy week of earnings, the equity market is knocking on the door of all-time highs due to positive sentiment in stocks, and that can't be ignored entirely. European markets will stick to the earnings forecast too. The Asian markets will however follow global cues and also reforms in specific countries that have been just taken.

Indices* (%) 1 W 1 M 3 M 6 M 1 Y YTD

Nasdaq -0.2 4.1 4.0 6.8 10.3 20.6

Straits Times 0.4 3.6 8.5 7.6 13.0 24.0

DAX -1.0 2.1 6.0 15.0 17.5 28.0

Sensex -1.6 1.0 6.6 14.6 14.3 27.5

Hang Seng 0.6 4.7 8.7 19.7 16.7 28.7

Dow Jones -0.3 5.8 4.7 6.2 9.0 13.4

CAC 40 -1.2 2.5 7.4 12.8 10.8 15.8

Nikkei 225 1.9 7.2 24.5 28.9 26.4 31.7

FTSE 100 -0.1 6.4 7.1 10.6 8.4 12.6

Shanghai 4.1 5.1 13.4 12.3 5.2 8.5

Source: Ace Equity, R K Global Research; * % return as on 2 Feb'13

Date Time* Country Event Unit A F P

28-Jan 7:00pm USD Core Durable Goods Orders m/m Percentage 1.30% 0.80% 1.20%

28-Jan 8:30pm USD Pending Home Sales m/m Percentage -4.30% 0.50% 1.60%

29-Jan 8:30pm USD CB Consumer Confidence 58.6 64.8 66.7

30-Jan 3:41pm EUR Italian 10-y Bond Auction 4.17|1.3 4.48|1.5

30-Jan 6:45pm USD ADP Non-Farm Employment Change Thousand 192K 164K 185K

30-Jan 7:00pm USD Advance GDP q/q Percentage -0.10% 1.10% 3.10%

31-Jan 12:45am USD FOMC Statement

31-Jan 7:00pm USD Unemployment Claims Thousand 368K 362K 330K

1-Feb 6:30am CNY Manufacturing PMI Index 50.4 51.1 50.6

1-Feb 7:00pm USD Non-Farm Employment Change Thousand 157K 161K 196K

1-Feb 7:00pm USD Unemployment Rate Percentage 7.9% 7.8% 7.8%

1-Feb 8:30pm USD ISM Manufacturing PMI Index 53.1 50.8 50.7

Source: Forex Pros, R K Global Research; A=Actual; F=Forecast; P=Previous, *IST

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2 February 2013 4

Domestic Market Outlook Market this Week Key benchmark indices edged lower after the Reserve Bank of India while announcing a reduction of its key policy lending rate by 25 bps after a monetary policy review on 29 January 2013 signaled that there is less room for aggressive policy rate cuts amid any negative surprise emanating from inflation and the twin deficits. The Sensex, slipped below the psychological 20,000 mark. The Nifty fell below the psychological 6000 mark. The market was volatile as traders rolled over positions in the F&O segment from the January 2013 series to February 2013 series. The January 2013 F&O contracts expired on Thursday, 31 January 2013. The Sensex declined 322.34 points or 1.6% to 19718.19 in the week. The Nifty declined 75.75 points or 1.24% to 5998.90. The Mid-Cap index declined 0.1% and the BSE index dropped 1.21%. Though, markets drowned but the sentiment improved after official data showed that the unemployment rate in the Euro zone remained unchanged at 11.7% in December, compared to market expectations for a mild escalation. Separately, Markit research group said that Spain's manufacturing purchasing managers' index rose to 46.1 in January from a reading of 44.6 the previous month, while the Euro Zone's manufacturing PMI ticked up to 47.9 in January from 47.5. Investors were also positive for the US data on nonfarm payrolls data scheduled to release later today after Wednesday's ADP nonfarm payroll report showed that the U.S. private sector added 192,000 jobs in January, above expectations for an increase of 165,000.

Outlook for Next Week Last year, India accounted for 50% of inflow to Asia excepting Japan. And in January so far India garnered close to 80% of inflow to Asia excepting Japan. Clearly, a lot of investors are enthused about the kind or reform initiatives that the government has announced and the focus will be on the successful implementation of the initiatives. The focus on the stock market is currently on Q3 December 2012 results. Investors and analysts will closely watch the management commentary that would accompany the result which could cause revision in their future earnings forecast of the company for the current year and or next year. Bank of Baroda unveils Q3 results on Monday, 4 February 2013. Cipla unveils Q3 results on Wednesday, 6 February 2013. ACC and Ambuja Cement announce Q4 December 2012 results on Thursday, 7 February 2013. Mahindra & Mahindra, Sun Pharmaceuticals Industries and Hindalco Industries unveil Q3 results on Friday, 8 February 2013. Markit Economics will unveil HSBC India Services PMI for December 2012 on Tuesday. Asian markets will on Monday, 4 February 2013, react to the influential US non-farm payrolls data for January 2013, which will be released on Friday, 1 February 2013.

Indices * (%) 1 W 1 M 3 M 6 M 1 Y YTD

NSE - Nifty Junior 0.3 -1.5 11.9 22.1 24.1 48.0

NSE - Smallcap Index -0.6 -3.4 6.2 12.2 13.9 34.1

NSE - CNX Midcap -0.2 -2.8 6.7 15.6 16.3 37.1

BSE - Midcap -0.1 -3.2 5.2 14.8 17.4 35.8

NSE - Midcap 50 -1.4 -3.9 4.9 11.3 8.2 31.2

BSE - Smallcap -1.2 -5.3 0.2 8.2 7.3 27.0

NSE - CNX 500 -0.8 -0.2 6.8 15.3 16.0 32.6

NSE - CNX 200 -0.9 0.1 7.0 15.7 16.1 32.6

BSE - 500 Index -0.8 -0.2 6.7 15.1 15.6 32.0

BSE - 200 Index -0.8 0.2 7.1 15.5 15.9 32.3

NSE - CNX 100 -1.0 0.5 7.1 15.6 16.0 32.0

BSE - 100 Index -0.9 0.6 7.3 15.7 15.7 31.6

S&P CNX Nifty -1.2 0.8 6.3 14.5 14.6 29.4

Sensex -1.6 1.0 6.6 14.6 14.3 27.5


Indices * (%) 1 W 1 M 3 M 6 M 1 Y YTD

BSE - FMCG 1.7 -0.2 5.2 17.1 45.7 49.0

BSE - Bankex -0.7 -0.6 11.3 21.0 26.6 57.6

BSE - Capital Goods -2.9 -5.0 -4.4 7.6 3.4 28.9

BSE - Realty 1.3 2.0 22.7 33.9 28.3 61.5

BSE - Auto -1.7 -5.5 3.3 19.5 15.5 35.3

Sensex -1.6 1.0 6.6 14.6 14.3 27.5

BSE - Metal -0.7 -6.9 2.9 1.1 -11.1 12.5

BSE - Power -1.3 -2.8 -1.0 2.0 -7.4 9.2

BSE - Oil -1.7 9.8 12.5 15.3 9.5 22.9

BSE - IT -0.7 12.0 11.1 19.5 10.3 9.4


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2 February 2013 5

Market Statistics

Source: NSE, BSE, Ace Equity, R K Global Research

0

20

40

60

80

100

120

1-Feb-13 31-Jan-13 30-Jan-13 29-Jan-13 28-Jan-13

# Crore

Volumes this Week

BSE NSE

0

5

10

15

20

25

30

35

40

45


# Crore

Delivery Volume this Week

BSE NSE

0

50000

100000

150000

200000

250000

300000


` Crores

Turnover this Week

F&O NSE BSE

0

1000000

2000000

3000000

4000000

5000000

6000000

7000000

8000000


No. of Trades this Week

BSE NSE

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2 February 2013 6

Fund Flow Analysis

15000

16000

17000

18000

19000

20000

21000

-1400

-1200

-1000

-800

-600

-400

-200

0

200

400

Nov-12 Dec-12 Jan-13 Feb-13

Index` Crs

3m DIIs Fund Flows

DII (LS) Sensex (RS)

15000

16000

17000

18000

19000

20000

21000

-2000

-1000

0

1000

2000

3000

4000

5000

6000

7000

8000


Index` Crs

3m FIIs Fund Flows

FII Equity (LS) FII Debt (LS) Sensex (RS)

Units 1 W 1 M 3 M 6 M 1 Y YTD

Equity ` Crs 5803 15183 49807 91664 134515 144873

Debt ` Crs 1906 4017 6867 17562 28168 44139

Total ` Crs 7708 19200 56674 109226 162683 189012

Equity ` Crs -1204 -4747 -10119 -17155 -22773 -24631

Debt ` Crs 4869 41537 129088 225498 497095 506536

Total ` Crs 3665 36791 118969 208343 474322 481904

DII Total ` Crs -4851 -18630 -32893 -50961 -68083 -74819

% -1.62 1.02 6.36 13.65 13.40 24.27

`/$ 53.4760 54.1986 54.5351 54.4496 53.7262 53.5323

Particulars

Source: SEBI, AceEquity, R K Global Research; as on 2 Feb'13

MF

FII

Sensex

Exchange Rate15000

16000

17000

18000

19000

20000

21000

-2000

0

2000

4000

6000

8000

10000


Index` Crs

3m Mututal Funds Flows

Equity (LHS) Debt (LHS) Sensex (RHS)

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2 February 2013 7

4

5

6

7

8

9

10

11

12

13

14

Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13

%

Daily Weighted Avg Call Rates

Source: RBI, R K Global Research

4

5

6

7

8

9

10

Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13

%

Policy Rates

Repo Reverse Repo

7.75

7.00


Indian Economic Indicators

-1.0%

-0.8%

-0.6%

-0.4%

-0.2%

0.0%

0.2%

0.4%

0.6%

0.8%

1.0%

280

282

284

286

288

290

292

294

296

298

US$ Billion

Weekly Forex Reserves

Weekly Forex Reserves (LS) W-o-W Change (RS)


7.6 8.2 9.2 8

6.76.1 5.3 5.5 5.3

0

1

2

3

4

5

6

7

8

9

10

Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2

2011-12 2012-13

Quarterly GDP Growth (Base: 2004-05)

8.4

5.3

Source: RBI , CSO, R K Global Research

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2 February 2013 8

Indian Economic Indicators

0

1000

2000

3000

4000

5000

6000

7000

8000

9000

Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12

Million US$

Foreign Direct Investment

Source: Ministry of Commerce, R K Global Research

6.40

8.137.52

6.48

8.84

6.34

5.60

8.80

3.30

4.10

1.90

-5.10

5.90

1.80

6.80

4.10

-3.50

0.10

2.40

-1.80

0.10

2.70

0.40

8.20

-0.10

-6

-4

-2

0

2

4

6

8

10

Nov-10 Feb-11 May-11 Aug-11 Nov-11 Feb-12 May-12 Aug-12 Nov-12

%

IIP Y-o-Y Growth (%)

Source: MOSPI, R K Global Research

54

.2

57

.5

56

.6

54

.7

54

.9

54

.8

55

.7

54

.4

54

.3

55

53

.5

53

.2

56

.3

50

51

52

53

54

55

56

57

58

Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12

Ind

ex

HSBC PMI Manufacturing Index

Source: HSBC, Markit, R K Global Research

7.8

4.9

0.7

6.9

2.2

3.1

3.9 3.8

1.1

2.3

5.0

6.5

1.8

-1

0

1

2

3

4

5

6

7

8

9

120.0

125.0

130.0

135.0

140.0

145.0

150.0

155.0

160.0

165.0

Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12

%

Ind

ex

Core Industry Index vis-a-vis Y-o-Y Growth

Core Industry Index (LHS) Y-o-Y Growth (RHS)

Source: Ministry of Commerce and Industry, R K Global Research

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2 February 2013 9

Commodities - Metals

Source: MCX, AceEquity, R K Global Research

136.8

183.6 185.6

177.9

90

110

130

150

170

190

210

230

Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13

` /mmbtu

MCX Natural Gas Spot Prices

4943 5030

5167

5195

3000

3500

4000

4500

5000

5500

6000


` /bbl

MCX Crude Oil Spot Prices

108.2111.5 112.1

113.6

80

85

90

95

100

105

110

115

120


` /kg

MCX Zinc Spot Prices

1,075.7

947.6

929.6

980.0

800

850

900

950

1000

1050

1100


` /kg

MCX Nickel Spot Prices

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2 February 2013 10

Commodities – Precious Metals & Energy

Source: MCX, AceEquity, R K Global Research

27195

3080730564

29975

23000

24000

25000

26000

27000

28000

29000

30000

31000

32000

33000


` /10gm

MCX Gold Spot Prices

54,673

58,079 58,582

57,256

40000

45000

50000

55000

60000

65000


` /kgs

MCX Silver Spot Prices

425.7441.1

436.5

438.5

300

320

340

360

380

400

420

440

460

480


` /kg

MCX Copper Spot Prices

425.7 441.1

436.5

438.5

360

380

400

420

440

460

480


` /kg

MCX Aluminium Spot Prices

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2 February 2013 11

Currencies

76.26

86.61

90.86

92.70

73

78

83

88

93

98

Feb-12 Mar-12 Apr-12 May-12 Jun-12 Jul-12 Aug-12 Sep-12 Oct-12 Nov-12 Dec-12 Jan-13 Feb-13

USD-JPY

Source: NW18 database, R K Global Research

49.27

54.68

53.67

53.19

43

45

47

49

51

53

55

57

59


USD-INR


79.02

79.89 79.81

79.22

75

76

77

78

79

80

81

82

83

84

85


US Dollar Index

Source: ForexPros, R K Global Research

1.321.32

1.35

1.36

1.1

1.15

1.2

1.25

1.3

1.35

1.4


EUR-USD


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2 February 2013 12

Global Economic Calendar

Date Day IST Currency Event

1-Feb-12 Fri 6:30am CNY Manufacturing PMI

1-Feb-12 Fri Tentative EUR Spanish 10-y Bond Auction

1-Feb-12 Fri 7:00pm USD Unemployment Rate

1-Feb-12 Fri 8:30pm USD ISM Manufacturing PMI

5-Feb-12 Tue 8:30pm USD ISM Non-Manufacturing PMI

7-Feb-12 Thu 6:15pm EUR Minimum Bid Rate

7-Feb-12 Thu 7:00pm EUR ECB Press Conference

7-Feb-12 Thu 7:00pm USD Unemployment Claims

8-Feb-12 Fri 5:20am JPY Current Account

8-Feb-12 Fri 7:30am CNY CPI y/y

8-Feb-12 Fri 7:00pm USD Trade Balance

9-Feb-12 Sat Tentative CNY Trade Balance

13-Feb-12 Wed 7:00pm USD Core Retail Sales m/m

13-Feb-12 Wed 7:00pm USD Retail Sales m/m

14-Feb-12 Thu Tentative JPY Monetary Policy Statement

14-Feb-12 Thu Tentative JPY Overnight Call Rate

14-Feb-12 Thu Tentative JPY BOJ Press Conference


15-Feb-12 Fri 8:25pm USD Prelim UoM Consumer Sentiment

19-Feb-12 Tue 7:15am CNY HSBC Flash Manufacturing PMI

19-Feb-12 Tue 2:00pm EUR German Flash Manufacturing PMI

20-Feb-12 Wed 3:30pm EUR German ZEW Economic Sentiment

20-Feb-12 Wed 7:00pm USD Building Permits

20-Feb-12 Wed 7:00pm USD PPI m/m

21-Feb-12 Thu 12:30am USD FOMC Meeting Minutes

21-Feb-12 Thu 2:30pm EUR German Ifo Business Climate

21-Feb-12 Thu 7:00pm USD Core CPI m/m


21-Feb-12 Thu 8:30pm USD Existing Home Sales

21-Feb-12 Thu 8:30pm USD Philly Fed Manufacturing Index

26-Feb-12 Tue 8:30pm USD CB Consumer Confidence

26-Feb-12 Tue 8:30pm USD New Home Sales

27-Feb-12 Wed 7:00pm USD Core Durable Goods Orders m/m

27-Feb-12 Wed 8:30pm USD Pending Home Sales m/m

28-Feb-12 Thu 7:00pm USD Prelim GDP q/q


1-Mar-13 Fri 6:30am CNY Manufacturing PMI

Date Day IST Currency Event

1-Mar-13 Fri Tentative EUR Spanish 10-y Bond Auction

1-Mar-13 Fri 8:30pm USD ISM Manufacturing PMI

5-Mar-13 Tue 8:30pm USD ISM Non-Manufacturing PMI

6-Mar-13 Wed 6:45pm USD ADP Non-Farm Employment Change

7-Mar-13 Thu Tentative JPY Monetary Policy Statement

7-Mar-13 Thu Tentative JPY Overnight Call Rate

7-Mar-13 Thu 6:15pm EUR Minimum Bid Rate

7-Mar-13 Thu 7:00pm EUR ECB Press Conference

7-Mar-13 Thu Tentative USD Trade Balance

7-Mar-13 Thu Tentative USD Unemployment Claims

8-Mar-13 Fri 5:20am JPY Current Account

8-Mar-13 Fri 7:30am CNY CPI y/y

8-Mar-13 Fri 7:00pm USD Non-Farm Employment Change

8-Mar-13 Fri Tentative USD Unemployment Rate

9-Mar-13 Sat Tentative CNY Trade Balance

13-Mar-13 Wed 6:00pm USD Core Retail Sales m/m

13-Mar-13 Wed 6:00pm USD Retail Sales m/m

14-Mar-13 Thu 6:00pm USD PPI m/m

14-Mar-13 Thu 6:00pm USD Unemployment Claims

15-Mar-13 Fri 6:00pm USD Core CPI m/m

15-Mar-13 Fri 7:25pm USD Prelim UoM Consumer Sentiment

19-Mar-13 Tue 6:00pm USD Building Permits

20-Mar-13 Wed 2:30pm EUR German ZEW Economic Sentiment

20-Mar-13 Wed 11:00pm USD FOMC Statement

21-Mar-13 Thu 12:30am USD FOMC Economic Projections

21-Mar-13 Thu 12:45am USD FOMC Press Conference


21-Mar-13 Thu 7:30pm USD Existing Home Sales

21-Mar-13 Thu 7:30pm USD Philly Fed Manufacturing Index

22-Mar-13 Fri 7:15am CNY HSBC Flash Manufacturing PMI

22-Mar-13 Fri 2:00pm EUR German Flash Manufacturing PMI

22-Mar-13 Fri 2:30pm EUR German Ifo Business Climate

26-Mar-13 Tue 6:00pm USD Core Durable Goods Orders m/m

26-Mar-13 Tue 7:30pm USD CB Consumer Confidence

26-Mar-13 Tue 7:30pm USD New Home Sales

27-Mar-13 Wed 7:30pm USD Pending Home Sales m/m


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2 February 2013 13

R K Global Coverage Snapshot

Source: Ace Equity R K Global Research Estimate, LCP-Last Closing Price as on 10 Dec 12

Sl No. Company Mkt Cap EPS PAT Growth % PER (X) Price/BV(x) EV/EBITDA(x) ROE(%)

(Rs mn) FY12 FY13E FY12 FY13E FY12 FY13E FY12 FY13E FY12 FY13E FY12 FY13E TP LCP Upside % Rating

1 ACC Ltd. 269274 59.0 74.4 9.3% 26.1% 23.3 18.5 3.5 3.3 13.2 9.7 16.2% 18.6% 1502.0 1434.3 4.7% Hold

2 Ambuja Cements Ltd. 323100 8.2 10.8 1.3% 31.7% 24.8 18.8 3.9 3.5 14.8 10.5 15.2% 15.5% 221.0 209.7 5.4% Hold

3 Ashok Leyland Ltd. 73834 2.2 2.0 -12.8% -11.7% 11.6 13.1 2.2 2.1 7.4 7.8 19.9% 16.4% 26.0 27.8 -6.3% Achieved

4 Asian Paints Ltd. 417289 101.0 120.0 25.0% 19.0% 32.4 32.8 12.5 10.8 20.6 31.2 37.0% 33.0% 4085.0 4350.4 -6.1% Achieved

5 Bajaj Auto Ltd 557480 104.0 104.0 -10.1% -0.1% 17.1 17.1 8.5 6.8 12.4 12.8 54.9% 44.2% 1879.0 1926.6 -2.5% Achieved

7 Coal India Ltd. 2312737 14.0 -2.0 14.0% -2.0% 16 14 5.7 4.8 17.0 14.0 35.0% 29.0% 378.0 366.2 3.2% Hold

8 Colgate-Palmolive (India) Ltd. 198930 33.0 30.0 13.0% -10.0% 33.9 52.1 34.8 18.6 23.6 23.9 54.0% 36.0% 1563.0 1462.8 6.8% Hold

9 Dabur India Ltd. 224837 3.0 4.0 8.0% 42.0% 40 13.2 15.4 36.2 26.0 28.2 38.0% 39.0% 145.0 129.0 12.4% Hold

10 DLF Ltd. 357796 7.1 9.0 -26.8% 26.5% 33.2 26.3 1.6 1.5 16.0 16.8 4.5% 5.5% NR 210.7 NR Achieved

11 Exide Industries Ltd. 124908 6.5 8.3 -30.8% 29.4% 27.4 16.4 3.2 2.8 16.8 15.9 15.9% 18.2% 160.0 147.0 8.9% Hold

13 HCL Technologies Ltd. 449570 35.0 48.0 38.0% 22.0% 12.6 10.2 3.9 3.3 11.6 11.8 23.8% 28.9% 635.0 647.5 -1.9% Achieved

14 Hero MotoCorp Ltd. 363571 119.0 115.0 18.0% 14.0% 17.5 15.3 9.6 6.9 11.8 10.8 66.0% 58.0% 2000.0 1820.7 9.8% Hold

15 Hindalco Industries Ltd. 225154 11.7 11.0 5.0% -6.0% 10 10.6 0.7 0.7 9.0 9.0 7.0% 6.0% 125.0 117.6 6.3% Hold

17 Hindustan Unilever Ltd. 1158911 12.0 13.0 8.0% 6.0% 32.9 44.2 25.5 18.0 24.3 27.2 12.3% 13.0% 575.0 536.1 7.3% Hold

18 Hindustan Zinc Ltd. 599150 13.0 14.6 13.0% 11.0% 10.8 9.7 2.2 1.9 9.0 8.0 21.0% 20.0% 143.0 141.8 0.8% Hold

20 Infosys Ltd. 1398830 148.0 173.0 17.0% 42.0% 21 13.8 6.0 3.7 13.0 15.0 28.0% 27.0% 2565.0 2436.0 5.3% Hold

21 ITC Ltd. 2329776 7.5 8.6 20.3% 13.8% 29.7 36 9.2 11.0 18.6 15.5 31.0% 31.0% 306.0 296.2 3.3% Hold

23 Maruti Suzuki India Ltd. 430274 50.7 58.0 -29.2% 26.5% 26.6 24 2.6 2.5 12.6 12.0 10.8% 10.9% 1560.0 1489.3 4.7% Hold

24 Nestle India Ltd. 452031 114.0 139.0 14.0% 22.0% 44.9 36.9 21.7 15.7 27.2 27.8 48.0% 42.0% 5129.0 4688.4 9.4% Hold

25 NMDC Ltd 653980 18.3 19.0 12.0% 3.0% 8.9 8.7 2.7 2.2 5.0 4.4 30.0% 25.0% 201.0 165.0 21.9% Buy

28 Sesa Goa Ltd. 158568 24.3 19.3 -50.0% -20.0% 9.4 9.3 1.3 0.9 4.0 6.0 14.0% 10.0% 188.0 182.5 3.0% Hold

29 Steel Authority Of India Ltd. 82 13.0 15.7 4.3% 20.3% 9.3 8.9 0.8 0.7 7.0 6.0 8.6% 9.5% 84.0 81.7 2.8% Hold

30 Sterlite Industries (India) Ltd. 364566 4.2 4.5 17.0% -9.0% 25.1 23.5 1.4 1.4 11.3 13.2 7.0% 6.0% 140.0 108.5 29.1% Buy

31 Tata Consultancy Services Ltd. 2573452 59.0 71.0 54.0% 20.0% 20.8 20 9.2 7.9 16.0 16.3 44.0% 40.0% 1428.0 1314.9 8.6% Hold

32 Tata Global Beverages Ltd 104107 15.0 20.0 16.0% 27.0% 22.8 10 2.9 3.3 25.8 26.2 10.0% 12.0% 185.0 168.4 9.9% Hold

33 Tata Steel Ltd. 379405 16.5 15.3 -0.4% -0.1% 23.7 25.4 2.8 2.6 14.0 11.0 0.1% 0.1% 420.0 390.7 7.5% Hold

34 Titan Industries Ltd. 271840 6.0 8.0 26.0% 35.0% 33 39 14.0 14.3 20.0 22.0 37.0% 37.0% 315.0 306.2 2.9% Hold

35 Ultratech Cement Ltd. 547847 89.2 107.7 74.2% 21.3% 22.9 18.9 4.3 3.5 13.9 10.9 19.0% 18.5% 2136.0 1998.3 6.9% Hold

37 Wipro Ltd. 971373 32.0 39.0 33.0% 21.0% 3.2 2.6 12.9 10.5 12.9 13.1 25.0% 25.0% 413.0 394.6 4.7% Hold

40 MOIL Ltd. 41084 24.5 27.4 -30.0% 12.0% 10.5 9.4 1.8 1.5 5.3 3.3 17.0% 17.0% 293.0 244.6 19.8% Buy

W€€KL¥ CU`$O`

2 February 2013 14

Contact Us…

Flat No. B-12, 4th Floor, Park Tower 67B Ballygunge Circular Road

Kolkata – 700 019 Phone: +91 33 4017 4999

Email: [email protected]

Documents

W KL¥ CU $O - R K Global · 30-Jan 6:45pm USD ADP Non-Farm Employment Change Thousand 192K 164K 185K 30-Jan 7:00pm USD Advance GDP q/q Percentage -0.10% 1.10% 3.10% 31-Jan 12:45am