world indices & indian adrs (us$) 19-dec-17 · stock futures 487.4 75555.7 1.5 stock options...

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EQUITY

Latest 1 Day P/E* P/B*

SENSEX 33,836.7 0.7 24.3 3.1

NIFTY 10,463.2 0.7 23.7 3.1

CNXMIDCAP 20,421.8 1.5 47.9 2.5

19-Dec-17

*Source: Bloomberg

NET INFLOWS (Rs. Crs.) 18-Dec-17

NET MTD YTD

FII 118.2 (2666.4) 54965.9

MF** 864.4 4436.3 114674.9

*YTD From January till date **As on 8-Dec-17

20 December 2017

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.

19-Dec-17

Latest Points % Chg.

NIKKEI 225 * 22853.2 (14.8) (0.1)

HANG SENG * 29260.8 7.2 0.0

DOWJONES 24754.8 (37.5) (0.2)

NASDAQ 6963.9 (30.9) (0.4)

SGX NIFTY FUT* 10447.0 (22.0) (0.2)

INFY 16.0 (0.0) (0.3)

HDFC BANK 99.6 1.1 1.1

ICICI BANK 9.7 0.1 1.5

TATA MOTORS 32.6 0.9 2.9

WIPRO 5.6 0.1 1.3

DR REDDY 36.9 (0.5) (1.4)

* At 08:20 a.m. IST on 20-Dec-17

WORLD INDICES & INDIAN ADRs (US$)

COMMODITIES 19-Dec-17

Latest Points % Chg.

GOLD 1264.1 2.3 0.2

CRUDE OIL (WTI) 57.8 0.2 0.3

CRUDE OIL (Brent) 63.9 0.1 0.2

FII ACTIVITIES IN DERIVATIVES 19-Dec-17

FII Net Buy (Rs.

Crs)

Open

Interest

Ch. in Open

Int. (DOD)Index Futures 220.5 16710.3 10.6

Index Options 582.1 103905.2 1.0

Stock Futures 487.4 75555.7 1.5

Stock Options 47.4 5475.5 5.1

19-Dec-17

Closing % Chg.

Dollar Index 93.4 (0.01)

Rs. / $ 64.0 (0.31)

Rs. / EURO 75.6 (0.15)

Rs. / UK Sterling 85.6 (0.14)

EXCHANGE RATE

G.SEC. YIELD 19-Dec-17

Yield (%)

GS CG2025 8.2% 7.18

US 10 Year Gsec 2.45

KEY OVERNIGHT DEVELOPMENTS Wall Street fell on Tuesday as excitement over the likelihood of a tax code

revamp was offset by concern over its effect on years of monetary policy

stimulus and the future of interest rates. Asian shares fell on Wednesday,

taking their cues from Wall Street with investor enthusiasm toward US tax

changes ebbing as the long-awaited reform bill wound its way through

Congress, while higher US Treasury yields underpinned the dollar.

MUST KNOW….

NDTV to cut workforce by up to 25% (Rs.45, 0%)

Govt to give incentives to boost electric vehicles

Rajesh Exports (#) receives export order worth Rs 878 crore (Rs. 821, +2%)

Ola to acquire Foodpanda's India unit, pump in $200 mn

YES Bank (#), EIB in pact to lend $400 m for renewable energy projects over 15

years (Rs.312,0%)

Lincoln Pharma gets patent for anti-malarial drug (Rs.21, -5%)

Steel Strips Wheels bags repeat export order from Europe (Rs.1015,+2%)

KEC International wins Rs 2,424 cr job orders (Rs.369, +7%)

Confidence Petroleum gains on commissioning two auto LPG dispensing stations in

TN (Rs.32,+2%)

Suzlon Energy receives 252 MW wind power projects (Rs.14,+2%)

JM Financial (#) gains on fund arising plan (Rs.154,+3%)

Dr. Reddy's (#) resolves US probe over child safety of drug packaging (Rs.2400,0%)

Tata Power Renewable Energy commissions solar plant in Karnataka (Rs.91, 0%)

M&M targets 20% revenue growth from gensets (Rs.1555, +2%)

HDFC (#) to raise Rs 2,000 cr on pvt placement basis via bonds (Rs.1708, 0%)

Healthcare insurance key for MSME workforce

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Corporate Announcements & Financial Scoreboard NDTV to cut workforce by up to 25% (Rs.45, 0%)

"Given our reprioritisation, our workforce has to be altered too -- over next month, we are considering reduction of workforce by up to 25 per cent. We thank these departing employees for their hard work and contribution," NDTV said in a regulatory filing. Media house NDTV today said it is considering reduction in the workforce by up to 25 per cent as part of internal restructuring exercise to focus on the core business. "Given our reprioritisation, our workforce has to be altered too -- over next month, we are considering reduction of workforce by up to 25 per cent. We thank these departing employees for their hard work and contribution," NDTV said in a regulatory filing. NDTV said it had initiated a turnaround plan to bring down costs and improve profitability. "A part of this plan was implemented in the last quarter and included our much-noted move to new technologies including mobile journalism," it added. "This means minimising all ancillary businesses that NDTV has expanded into over the last few years," it added. NDTV has also been exiting from non core business verticals. In September, its shareholders had approved sale of its automobile e-commerce firm Fifth Gear Ventures to Autobyte Pvt Ltd. It owned and operated automobile e-commerce portal carandbike.com. In June, they had approved the sale of its Indian wear e-commerce firm NDTV Ethnic Retail Ltd to Nameh Hotels & Resorts Pvt Ltd. For the quarter ended June 30, 2017, NDTV reported a net loss of Rs 22.01 crore as against net loss of Rs 44.55 crore in the year-ago period.

Govt to give incentives to boost electric vehicles

The government would support manufacturing and selling of electric vehicles (EVs) by giving incentives such as lower road taxes so that the automobile sector continues to play a major role in India's GDP and job creation, Niti Aayog CEO Amitabh Kant said today. He said in the long run, India must become a major manufacturer of automobiles, batteries and interoperable charging stations, and help reduce pollution in cities. This, he said, should be done in a manner that does not disrupt combustion vehicle manufacturing. "We would like to support electric vehicles by providing vast range of initiatives such as lower road taxes. "And the government will act as a catalyst so that automobile sector continues to play a major role in India's GDP and job creation as well as in exports," he said at an event organised by industry body Assocham. Kant pointed out that today, automobile along with automobile component industry is one of the key drivers of India's economic growth, contributing 7.2 per cent to the GDP. Citing several studies, Kant said by 2027-28, the cost of EV battery will come down from USD 273 per kWh to USD 73 per kWh even without taking Indian demand into consideration. "If you take Indian demand into consideration, then it will come down to USD 60 per kWh," he noted. Niti Aayog in a recent report had estimated that accelerated adoption of electric and shared vehicles could save USD 60 billion in diesel and petrol costs by 2030. According to Piyush Goyal, who held power portfolio till recently, India aims to become 100 per cent e-vehicle nation by 2030.

Rajesh Exports (#) receives export order worth Rs 878 crore (Rs. 821, +2%)

Shares of Rajesh receives order on Tuesday worth Rs 878 crore for its products from UAE. The said order is to be completed by April 2018. The company is confident of executing this order well within the timeframe on the back of its expertise, skilled craftsmen, artisans and its exceptionally strong backward integrated infrastructure. Rajesh Mehta, Chairman of Rajesh Exports said, “The company has been developing new products and delivering the products on time with the highest quality standards, due to which, the company has been receiving these orders from various global counterparts.” The company exports its products to various countries around the world and also supplies its products in wholesale market and jewellery showrooms across India.

Ola to acquire Foodpanda's India unit, pump in $200 mn

Besides, the SoftBank-backed company has committed investments to the tune of USD 200 million in the Foodpanda India business, which is the largest such funds infusion in an Indian online food ordering and delivery company till now. Cab hailing app Ola today said it will acquire Foodpanda's India business from

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Germany-based Delivery Hero Group in exchange of its stock. Besides, the SoftBank-backed company has committed investments to the tune of USD 200 million in the Foodpanda India business, which is the largest such funds infusion in an Indian online food ordering and delivery company till now. Moneycontrol had earlier reported that Ola is looking to get back into the food delivery business, one year and a half after shutting down Ola Cafe. Ola shut down Ola Cafe after it faced stiff competition from other food delivery companies such as Swiggy, Tinyowl (now part of Runnr) and Zomato. Under the deal, Foodpanda's India business will be transferred to Ola in exchange of the latter's stock, Ola said in a statement. It, however, did not divulge details about the number of shares that will be part of the transaction. In 2014, Ola had forayed into the food delivery business with Ola Cafe and had expanded the offering to cities like Delhi, Mumbai and Bengaluru. However, Ola Cafe was later shut down. The competition has been intense in the segment with the likes of Zomato and Swiggy competing aggressively to capture the market. It heated up further after the entry of UberEATS -- the food delivery service of Ola's rival Uber -- in the Indian market a few months ago. According to industry sources, the Softbank-backed Ola had been working on getting back into the food delivery business to compete against UberEATS and that the acquisition of FoodPanda India is a step in that direction. They did not wish to be identified as the discussions are private. Ola did not comment on the matter. Ola said Foodpanda India will benefit from its scale and efficiencies as a platform and it will continue to collaborate with Delivery Hero on building the online food delivery ecosystem in India. Saurabh Kochhar, who was the CEO of Foodpanda India until recently, has decided to move on to pursue other opportunities. Ola Founding Partner Pranay Jivrajka has been appointed as interim CEO of this business unit, supported by the existing leadership team at Foodpanda India. "I'm excited about our partnership with Delivery Hero as we team up to take Foodpanda India to the next level. Our commitment to invest USD 200 million in Foodpanda India will help the business be focused on growth...," Ola co-founder and CEO Bhavish Aggarwal said. Niklas Östberg, Chief Executive Officer and co-founder of Delivery Hero AG, said the partnership will allow it to further consolidate markets. "At the same time, we consider our stake in Ola as a very valuable asset while Ola's investment commitment in Foodpanda India is a clear and confident signal to the Indian market," he added. Foodpanda has over 15,000 restaurants across 100 Indian cities on its platform. Its revenue stood at Rs 62.16 crore in 2016-17 compared to Rs 37.81 crore in the previous fiscal, on the back of strong growth in orders in key markets. Its losses to declined 69 per cent to Rs 44.81 crore in 2016-17, from Rs 142.64 crore in 2015-16. The company had said it aimed to be profitable by 2019.

YES Bank (#), EIB in pact to lend $400 m for renewable energy projects over 15 years (Rs.312,0%)

YES Bank and European Investment Bank, a long-term lending institution of the European Union, have joined hands for a USD 400 million fund for renewable energy projects in India over 15 years. The European bank will contribute half of the fund with the rest coming from YES Bank, project promoters and other financial institutions. YES Bank will also manage the co-financing programme for construction of new solar plants and wind farms across the country. A joint press release issued by the banks said solar projects in Rajasthan, Telangana, Karnataka and Maharashtra had been identified to be given funds under the initiative. Certain wind and some more solar projects are under examination, the release said. The Narendra Modi government aims to have an installed capacity of 175 GW of power based on renewable sources by 2022. This would comprise 100 GW of solar, 60 GW of wind, 10 GW of biomass and 5 GW of small hydropower capacity coming from units of up to 25 MW capacity.

Lincoln Pharma gets patent for anti-malarial drug (Rs.21, -5%)

Lincoln Pharmaceuticals has been awarded a patent for anti-malarial drug in India, the company said today. The patent has been awarded by the Indian government for an Arteether injection to treat malaria, according to a BSE filing. The drug is painless and gives faster relief to the patients, Lincoln Pharma said. The company expects significant rise in the revenue from exports to Africa after the introduction of this injection in the African market. "With the introduction of this injection in African countries, where total anti-malarial market is Rs 586 crore, the company expects to increase revenue from Africa by Rs 35-40 crore," it added. At present, the company's anti-malarial drug exports to Africa amounts to Rs 50 crore.

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Steel Strips Wheels bags repeat export order from Europe (Rs.1015,+2%)

The company has bagged a repeat export order from Europe for its truck wheels plant in Chennai. Share price of Steel Strips Wheels gained 5 percent intraday Tuesday on the back of export order. The company has bagged a repeat export order from Europe for its truck wheels plant in Chennai. The total size of the order is 30,000 wheels to be dispatched from its new truck wheels plant at Chennai from next month onwards. This order valued close to euro 1.2 million. The company expects to increase its presence in truck and trailers wheels market in EU and US in the coming months.

KEC International wins Rs 2,424 cr job orders (Rs.369, +7%)

The company has got orders worth Rs 1,636 crore across India, SAARC, Africa and the Americas for its transmission and distribution business, it said in a BSE filing Engineering, procurement and construction major KEC International has won new orders worth of Rs 2,424 crore across all business verticals. The company has got orders worth Rs 1,636 crore across India, SAARC, Africa and the Americas for its transmission and distribution business, it said in a BSE filing. The cable business won various orders worth Rs 115 crore. Its railway and civil businesses received job contracts worth of Rs 595 crore and Rs 78 crore, respectively. KEC International, an RPG Group firm, is a global infrastructure EPC (engineering, procurement and construction) major and has presence in power transmission and distribution, cables, railways, water, renewables and civil space.

Confidence Petroleum gains on commissioning two auto LPG dispensing stations in TN (Rs.32,+2%)

The company has commissioned two new auto LPG dispensing stations at Tamil Nadu, located at Dindigul, Survey No. 184 and Tiruchirapalli, Survey No 11/4AQ3. Share price of Confidence Petroleum surged nearly 6 percent intraday Tuesday as it has commissioned two new auto LPG dispensing stations in Tamil Nadu. The company has commissioned two new auto LPG dispensing stations at Tamil Nadu, located at Dindigul, Survey No. 184 and Tiruchirapalli, Survey No 11/4AQ3. With the inclusion of these two auto LPG dispensing stations, the company has now total 114 auto LPG dispensing stations in operation across Pan India.

Suzlon Energy receives 252 MW wind power projects (Rs.14,+2%)

The company will execute the entire project on a turnkey basis and will also provide operation and maintenance services. This project is won by the utility through SECI II auction held recently. The company will execute the entire project on a turnkey basis and will also provide operation and maintenance services. With this order, Suzlon has secured combined orders of 502 MW across SECI- I and SECI- II auctions. J.P.Chalasani, Group CEO, Suzlon Group said,” We are glad to partner with the leading Global Utility yet again for their SECI – II bid project. “We are encouraged by the trust and confidence demonstrated by them in Suzlon’s technologically advanced products,” it added.

JM Financial (#) gains on fund arising plan (Rs.154,+3%)

The company in its meeting held on December 18 has approved to raised Rs 650 crore by way of issue of equity shares or any other instrument. Shares of JM Financial added 5 percent in the early trade Tuesday on the back of fund raising plan. The company in its meeting held on December 18 has approved to raised Rs 650 crore by way of issue of equity shares or any other instrument or security including fully/partly convertible debentures or global depository receipts or American depository receipts or foreign currency convertible bonds or by way of a composite issue of non-convertible debentures and warrants. The fund raising is subject to such approvals as may be required including the approval of the members at a general meeting or through postal ballot and further subject to such other statutory/regulatory approvals, as applicable.

Dr. Reddy's (#) resolves US probe over child safety of drug packaging (Rs.2400,0%)

Dr. Reddy's Laboratories Ltd will pay $5 million to resolve U.S. claims that the Indian company sold prescription drugs in the United States in packaging that was not tested for child safety, according to court

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papers filed on Monday. The settlement was disclosed in documents filed in federal court in Trenton, New Jersey, over a year after the U.S. Consumer Product Safety Commission voted to refer a case involving the drugmaker to the U.S. Justice Department. Dr. Reddy's in a statement said that the safety of patients and consumers was of "paramount importance" to the company. It said it disagreed with the allegations but agreed to the settlement to avoid prolonged litigation. "Dr. Reddy's is not aware of any reports that any child gained access to these products as a result of the packaging or that any of the products caused children harm as a result of the packaging," the company said. The Justice Department alleged that in 2011, Dr. Reddy's engineers concluded the packaging for five types of drugs that the company manufactured and imported for sale would not pass tests required in the United States to prove child resistance The Justice Department in a lawsuit said that instead of notifying the CPSC or the public that its products put children at risk, the company quietly began altering its packaging while continuing to sell products in untested packaging. The lawsuit said Dr. Reddy's violated the Consumer Product Safety Act by distributing drugs that did not comply with a law aimed at protecting children from accidentally ingesting medicines by requiring those drugs to be in special packaging. Dr. Reddy's said products with the packaging at issue have not been distributed since June 2012. In addition to the $5 million penalty, Dr. Reddy's under the settlement must maintain a program aimed at ensuring compliance with consumer protection laws and must have a system to ensure information is reported to the CPSC.

Tata Power Renewable Energy commissions solar plant in Karnataka (Rs.91, 0%)

Sale of power from the plant has been secured under a 25-year Power Purchase Agreement with NTPC Ltd. at a tariff of Rs 4.79 per unit, the company said in a statement. Tata Power Renewable Energy Ltd India (TPREL) has announced the commissioning of its 100 MW solar plant at Pavagada Solar Park in Karnataka. TPREL, the Tata Power wholly-owned subsidiary, has built the two 50 MW solar plants on over 533 acres. Sale of power from the plant has been secured under a 25-year Power Purchase Agreement with NTPC Ltd. at a tariff of Rs 4.79 per unit, the company said in a statement. TPREL won the project in May 2016 under the National Solar Mission. With this development, TPREL's total installed operating capacity now stands at 1,614 MW, the company said. "We continue to seek potential areas across India and in select International markets through organic and inorganic opportunities," TPREL CEO Rahul Shah said. He also said that the company prefers development opportunities in solar parks as land and evacuation are provided.

M&M targets 20% revenue growth from gensets (Rs.1555, +2%)

Presently, the diesel Genset business is generating a revenue of Rs 1,250 crore of the overall sales of M&M. Mahindra & Mahindra (M&M) is targetting a revenue growth of 20 percent in the next financial year from its diesel Genset business after entering the high kVA segment, a company official said. Presently, the diesel Genset business is generating a revenue of Rs 1,250 crore of the overall sales of M&M. "We have now entered the high kVA (kilovolt-amp) Genset market which starts from 240 kVA onwards. So far, we have been operating in the low kVA market. After this, the business segment is expecting a 20 percent growth in the segment turnover next financial year," Sanjay Jain, VP (retail and international), Gensets, of M&M told reporters here today. Jain said the company is already a market leader in the low kVA segment, with a major presence in telecom towers. The company was also started exporting diesel Gensets to the countries of the Middle East, Africa,South Asia and the neighbouring SAARC nations, he said. M&M is targetting Tier II and III towns where there are frequent outages as compared to the Tier I cities, Jain said.

HDFC to raise Rs 2,000 cr on pvt placement basis via bonds (Rs.1555, +2%)

Mortgage lender HDFC will raise Rs 2,000 crore by issuing debt securities on private placement basis. The '7.55 per cent HDFC, 20 February 2019' secured redeemable non-convertible debentures will be issued on a private placement basis, HDFC said in a regulatory filing. "The object of the issue is to augment the long-term resources of the Corporation. The proceeds of the present issue would be utilised for financing/refinancing the housing finance business requirements of the Corporation," it said.

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Healthcare insurance key for MSME workforce

Country's health insurance penetration is less than 30 per cent of the population covered by any type of health insurance policy in the country, the report added. The healthcare insurance industry needs to develop infrastructure and deliver affordable healthcare to the micro, small and medium enterprise (MSME) sector, which has a 117 million strong work force, according to a recent report. Country's health insurance penetration is less than 30 per cent of the population covered by any type of health insurance policy in the country, it elaborated. "MSMEs form the larger part of India's unorganized sector, which leaves a majority of the sector's workforce without any social security. This section of the society along with their families need to be brought in the fold of healthcare protection not only as a part of a social initiative but also as a lever for improving workforce productivity," FICCI and KPMG said in its report titled, "MSME group health insurance penetration in India". "Providing healthcare coverage is also an important aspect of employee welfare and this remains underpenetrated among MSMEs," it added. The survey said that approximately 90 per cent MSMEs do not offer any financial aid for medical purposes to the families of employees and almost no micro and medium enterprises offer financial support to their employees and their families. MSMEs preferred a basic cover of personal accident and critical illness with a focus on a reduction in premiums and coverage of employees only and they primarily prefer to purchase insurance through broking channels and bancassurance, with group health insurance penetration through online channels at minimal level of about 6 per cent. Reaching out to MSME for health insurance has remained a massive challenge for the industry owing to lack of data, diversity and unstructured framework of organisation, it explained. Customisation of group health insurance products, standard advisories and putting up a distributions channel has been some of the many challenges that one has to face. "The goal of improving healthcare coverage to the MSME workforce can be fulfilled through both development of infrastructure and as well as delivering effective and affordable healthcare," KPMG in India partner and head - insurance sector Shashwat Sharma said. "The Government, the insurance regulator IRDAI and the insurance industry can together play a critical role in achieving this objective," Sharma added.

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Information Of Bulk Deals – 19th Dec.2017 On BSE

Scrip Name Name Of Client BUY (B) / SELL (S)

Quantity Shares

Trade Price/ W Avg. Price

Ashiana Housing Ltd Icici Prudential Mutual Fund B 2259790 157

Ashiana Housing Ltd Jwalamukhi Investment Holdings S 2642587 157.03

Bansal Multiflex Limited Narender Kumar S 84000 110.04

Bansal Multiflex Limited Pawan Kumar More B 100000 110.4

Btrfly Gandhi Appl Ltd Kacholia Ashish B 200000 525

Btrfly Gandhi Appl Ltd Reliance Alternative Invst Fund Pvt Eq Scheme I . S 200000 525

Cyber Media (India) Ltd. Anuradha Gupta S 145000 14.76

Innovana Thinklabs Ltd. Beeline Broking Ltd B 64000 95

Innovana Thinklabs Ltd. Shah Mukeshkumar L S 50000 95

Knr Constructions Limited Kamidi Yashoda S 800000 276.02

Omkar Spl Chem Ltd Gupta Gyan S 125000 72.01

Orchid Pharma Limited Serum Institute Of India Private Limited S 705652 19.37

Sanco Industries Ltd. Virendrakumar Jayantilal Patel S 159500 59.7

Shradha Infraproj (N) Ltd Overskud Multi Asset Mgt Limited B 62000 70.2

Shradha Infraproj (N) Ltd Shah Pareshkumar Babulal S 60000 70.2

Surevin Bpo Services Ltd Oberoi Thermit Private Limited B 18000 84.9

Tara Jewels Limited Rajeev Vasant Sheth S 466185 19.32

Information Of Bulk Deals – 19th Dec. 2017 On NSE

Scrip Name Name Of Client Buy (B) / Sell (S)

Quantity Shares

Trade Price/ W Avg. Price

Adormul Bharath C Jain S 15,000 19.95

Atharvent Baby Subhash Utekar B 1,055,254 1.56

Atharvent Jinal Dilip Panchal B 1,100,000 1.57

Bgjl Guiness Securities Limited S 36,000 17

Delta Affordable Agro Agencies Private Limited B 46,924 7.85

Gradiente Epoch Mercantiles Pvt Ltd B 250,000 0.95

Gradiente Ymd Financial Consultancy Private Limited S 250,000 0.95

Gsauto Bhabesh Majumdar B 100,000 18.71

Knrcon Kamidi Yashoda S 800,000 276.01

Ratnabhumi Jitendra S 150,000 60.94

Ratnabhumi Tia Enterprises Private Limited B 80,000 59.1

Sal Nikhil Vora B 57,255 46.54

Shishind Sandeep Kumar S 24,000 32.4

Srdl Mayur Maheshkumar Panchal B 1,249,500 12

Srdl Ratnanidhi Advisory Services Llp S 1,646,912 11.95

Starlite Yashkumar P Golechha B 100,000 60.02

Veerenrgy Kamlesh Sevaram Panjabi B 72,000 36

Veerenrgy Premier Capital & Securities Private Limited B 108,000 37.1

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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 Soumya Roland 9642 (0.00) 150 256583 Disposal 9492 (0.00) 21/11/2017

HDFC Ltd . Soumya Roland 9492 (0.00) 550 941050 Disposal 8942 (0.00) 13/12/2017

HDFC Ltd . Jayanandan D P 4354 (0.00) 1,076 1857176 Disposal 3278 (0.00) 15/12/2017

HDFC Ltd . Gore Trupti Nilesh 79075 (0.00) 8,000 13803680 Disposal 71075 (0.00) 15/12/2017

HDFC Ltd Paul Santiswarup 915 (0.00) 20 33428 Disposal 895 (0.00) 05/12/2017

HDFC Ltd . Paul Santiswarup 895 (0.00) 600 1020270 Disposal 295 (0.00) 11/12/2017

HDFC Ltd . Ragunathan R 1000 (0.00) 150 251985 Disposal 850 (0.00) 04/12/2017

HDFC Ltd Ragunathan R 850 (0.00) 35 58510 Disposal 815 (0.00) 06/12/2017

HDFC Ltd . Ragunathan R 815 (0.00) 100 173500 Disposal 715 (0.00) 18/12/2017

HDFC Ltd . Purandare Sangita H 38944 (0.00) 75 127913 Disposal 38869 (0.00) 27/11/2017

HDFC Ltd Purandare Sangita H 38869 (0.00) 100 173150 Disposal 38769 (0.00) 28/11/2017






HDFC Ltd Sharmil Gaurang Patwa 2000 (0.00) 2,000 3450000 Disposal 0 (0.00) 18/12/2017

Housing Development Finance Corp.Ltd.

Salil Babu Thomas 5855 (0.00) 2,557 4438952 Disposal 3298 (0.00) 18/12/2017

HDFC Ltd Johney Joseph 1200 (0.00) 1,199 2080265 Disposal 1 (0.00) 18/12/2017

HDFC Ltd Sharathkumar P 1770 (0.00) 1,385 2402906 Disposal 385 (0.00) 18/12/2017

Cipla Ltd. Tarun Singh 1861 (-) 1,861 1096129 Disposal (-) 18/12/2017

India Lease Development Ltd. Ram Prakash & Co (P) Ltd 1553558 (10.56) 2,040 8201 Acquisition 1555598 (10.58) 18/12/2017

Infosys Ltd. Srinivas Rampalli 108000 (-) 8,000 8197350 Disposal 100000 (-) 15/12/2017

Kotak Mahindra Bank Ltd. Dipak Gupta 1330476 (0.07) 5,000 5135200 Disposal 1325476 (0.07) 15/12/2017

Kotak Mahindra Bank Ltd. Ambuj Chandna 40294 (-) 7,000 7211000 Disposal 33294 (-) 15/12/2017

Vedanta Limited Sanshi Samuel 5819 (-) 1,000 337570 Disposal 4819 (-) 01/11/2017

Vedanta Limited Ashish Narke 16945 (-) 3,500 1086425 Disposal 13445 (-) 18/12/2017

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Vedanta Limited Sandhi Samuel 5819 (-) 1,000 337570 Disposal 4819 (-) 01/11/2017

Pidilite Industries Ltd. R D Sirsavkar 20000 (-) 20,000 17461400 Disposal (-) 18/12/2017

Apollo Tyres Ltd. Ptl Enterprises Ltd 750000 (0.13) 10,000 2421314.09 Acquisition 760000 (0.13) 18/12/2017

Nesco Ltd. Chandier & Price (India) Pvt Ltd 19440270 (27.59) 457 235346 Acquisition 19440727 (27.59) 18/12/2017

Nesco Ltd. Chandier & Price (India) Pvt Ltd 19438360 (27.58) 1,910 992329 Acquisition 19440270 (27.59) 15/12/2017

Everest Industries Ltd. Manish Sanghi 72539 (0.47) 10,000 5869521.50 Disposal 62539 (0.40) 19/12/2017

Fair Deal Filaments Ltd.-$ Guinea Securities & Financials Pvt 157520 (2.60) 30,000 1230000 Disposal 127520 (2.11) 18/12/2017

Praj Industries Ltd. Parag Kolte 16400 (-) 8,400 909255 Disposal 8000 (-) 07/12/2017

Icici Bank Ltd. Pullattu Radhakrishnan Anil Kumar 11500 (-) 11,500 35.96 Lacs Disposal 11500 (-) 19/12/2017

Ramco Systems Ltd. Ranjan Tayal 15086 (0.04) 3,000 1515354 Disposal 12086 (0.04) 12/12/2017

Bharti Airtel Ltd. Ajay Chitkara 11294 (-) 7,000 3698732 Disposal 4294 (-) 18/12/2017

Bharti Airtel Ltd. Ajay Chitkara 14294 (-) 3,000 1575912 Disposal 11294 (-) 15/12/2017

Yes Bank Ltd. Deodutta Raghunath Kurane 1186540 (0.05) 44,778 14180297 Disposal 1141762 (0.05) 15/12/2017

Yes Bank Ltd. Subramanian Ayyar 172000 (0.01) 10,000 3155364 Disposal 162000 (0.01) 18/12/2017

Godawari Power & Ispat Ltd. Hari Shankar Khandelwal 1000 (-) 200 42400 Disposal 800 (-) 13/12/2017

Godawari Power & Ispat Ltd. Hari Shankar Khandelwal 800 (-) 300 66300 Disposal 500 (-) 15/12/2017

Info Edge (India) Ltd. Ambarish Raghuvanshi 1561051 (1.28) 18,763 23954478 Disposal 1542288 (1.26) 18/12/2017

Info Edge (India) Ltd. Sanjeev Bikhchandani 33834844 (27.84) 1,00,000 127000000 Disposal 33734844 (27.76) 18/12/2017

20 Microns Ltd. Madhur Morari Todi 120000 (0.34) 500 22000 Disposal 119500 (0.34) 06/10/2017


20 Microns Ltd. Madhur Morari Todi 119000 (0.34) 1,000 50413 Disposal 118000 (0.33) 26/10/2017




20 Microns Ltd. Madhur Morari Todi 116961 (0.33) 461 23965.4 Disposal 116500 (0.33) 01/11/2017





20 Microns Ltd. Madhur Morari Todi 113000 (0.32) 1,500 90214.65 Disposal 111500 (0.32) 01/12/2017




10



20 Microns Ltd. Madhur Morari Todi 105000 (0.30) 500 27502.70 Disposal 104500 (0.30) 12/12/2017




Larsen & Toubro Infotech Ltd Prashant Gunaji 2125 (-) 900 731002 Disposal 1225 (-) 03/10/2017

Larsen & Toubro Infotech Ltd Prashant Gunaji 1225 (-) 2,125 4250 Acquisition 3350 (-) 06/11/2017



Larsen & Toubro Infotech Ltd Pramod Vithal Kulkarni 61000 (0.03) 2,000 2036000 Disposal 59000 (0.03) 13/12/2017

11

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

stocks; we have enhanced our return criteria for such stocks by five %age 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

“Research Analyst – SEBI Registration No. INH000000867”

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12

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