Transformers and Rectifiers bags order for supply & service of transformers worth Rs130cr from Power Grid

RITES secured a consulting work award with fee income of Rs60cr from Kerala Government

Maruti Suzuki India introduced the BS6 S-CNG variant of the multi-purpose van, Eeco

Moody's upgrades YES Bank rating by a notch; outlook positive

BHEL wins order for Electric Buses

CCI imposes Rs302cr penalty on Grasim Industries

KEC International bags Rs1,047cr orders

Inox Leisure opens two additional screen at multiplex in Indore

RBI withdraws moratorium on Yes Bank, banking services restored

Ashok Leyland to acquire additional 19% stake in Hinduja Leyland Finance

Wipro launched Microsoft business unit for digital transformation solutions

Dilip Buildcon Ltd bags LOA for HAM project in Chhattisgarh

Dr Reddy's launches Naloxone Hydrochloride Injection

Cipla and CSIR-IICT to develop drugs to treat Covid-19

Fed cuts interest rate to zero, launches USD700bn QE programme

S&P lowers India’s growth forecast to 5.2% in 2020

RBI announces OMO purchase of Rs10000cr govt dated securities

EGoM may be set up for telecom relief measures

Covid-19 outbreak: Auto companies to move Supreme Court for more time to register BS-IV vehicles

SC says no to another exercise on AGR dues, calls self-assessment a fraud

Please Turn Over Page No 1

The Week That Went By:

With high volatility, Benchmark Index started the week on a negative note with a gap-down opening and continued to

trade lower. Following the global markets reversal, Indian markets too kicked off the day strongly followed by

domination by bears to close the Index lower. Hammering was seen in financial stocks while Nifty50 breached its

previous low. On the weekly expiry day, after a 500 points collapse , some recovery was seen but Index failed to hold

higher levels to end the trading session with a loss. Some relief was seen on the last trading day as Index bounced

sharply to end the day at the high point of the session.

Nifty 50=8745.45 BSE Sensex30=29915.96 Nifty Midcap 100=12661.25 Nifty Smallcap100=3885.25

Alembic Pharmaceuticals Ltd: The USFDA has conducted a scheduled inspection at the company’s general oral solid

formulation facility located at Panelav from 9th March, 2020 to 13th March, 2020 and is issued with a Form 483 with four

procedural observations. Furthermore, the company has received an EIR from the USFDA for the inspection carried out by them at

the API facility at Karakhadi during the period from 13th January, 2020 to 17th January, 2020

Snowman Logistics Ltd: Snowman Logistics has informed that a Global e-commerce giant has partnered with the company for

the delivery of FMCG perishables including vegetables, fruits, eggs, frozen food and groceries.

Srikalahasthi Pipes Ltd: The company has informed about commencement of commercial operations of 2nd furnace; marking the

completion of both the phases of Ferro Alloys Unit

ICICI Bank Ltd: The bank has informed that IFFCO Kisan Finance Ltd has allotted equity shares to the new investor .

Consequent to the said allotment, ICICI banks shareholding has been reduced to 7.4% from 9.9%

Recommendations adjusted as per Corporate Actions

Company Reco Target Corp Action Adj Price Adj Tgt

Price

Appreciation

IHP Ltd 341 600 Bonus 1 : 1 171 500 -18%

Engineers India Ltd 211 200 Bonus 1 : 1 105 200 -46%

Gulshan Polyols Ltd 390 500 Stock Split from Rs.FV 5 to Rs.FV 1 110 78 -66%

Nesco Ltd 2397 3200 Stock Split from Rs.FV 10 to Rs.FV 2 479 640 5%

Castrol India Ltd 447 550 Bonus 1 : 1 223 200 -49%

Hikal Ltd 143 325 Bonus 1 : 2 95 216 -19%

Please Turn Over Page No 2

Coverage Universe Valuations

Company Reco Reco at

(Rs)

CMP

(Rs)

Tgt price

(Rs)

Appreciation 1M Var 3M Var 12M Var

Supreme Petrochem Ltd BUY 77 133 275 73% -22.3% -15.9% -42.6%

Shanthi Gears Ltd BUY 107 68 150 -36% -26.1% -30.4% -46.6%

Hind Rectifiers Ltd BUY 69 113 275 63% -37.4% -43.6% -6.3%

KCP Ltd BUY 71 49 105 -31% -19.1% -14.5% -42.0%

The Hitech Gears Ltd BUY 298 90 300 -70% -44.5% -44.5% -69.0%

Bharat Bijlee Ltd BUY 787 506 1500 -36% -36.5% -35.6% -54.1%

Triveni Turbines Ltd BUY 92 51 150 -45% -49.1% -45.7% -53.7%

Siemens Ltd BUY 1128 1170 1750 4% -17.2% -24.0% 10.5%

GMM Pfaudler Ltd BUY 332 2289 3200 589% -30.8% 30.0% 85.3%

Alicon Castalloy Ltd BUY 288 194 650 -33% -46.5% -45.7% -66.6%

Gufic Biosciences Ltd BUY 50 44 120 -13% -40.4% -27.3% -41.3%

Excel Industries Ltd BUY 380 442 1200 16% -36.0% -46.6% -62.5%

Vesuvius India Ltd BUY 1165 971 1300 -17% -15.9% -13.2% -17.4%

Munjal Showa Ltd BUY 191 67 191 -65% -43.3% -45.1% -60.1%

Bharat Rasayan Ltd BUY 2747 5600 9000 104% -27.0% -10.1% 37.6%

Alkyl Amines Chemicals Ltd BUY 391 1251 1700 220% -24.1% 14.8% 101.3%

Grauer and Weil (India) Ltd BUY 45 36 65 -19% -29.6% -24.5% -28.9%

Texmaco Rail & Engineering Ltd BUY 91 17 91 -81% -43.9% -49.3% -76.0%

Nagarjuna Agrichem Ltd BUY 29 23 45 -20% -29.2% -10.4% -23.9%

ITD Cementation India Ltd BUY 158 32 100 -80% -44.7% -33.4% -76.3%

Westlife Development Ltd BUY 266 332 450 25% -30.3% -4.1% -20.7%

Dynamatic Technologies Ltd BUY 2160 580 1700 -73% -36.8% -41.1% -63.4%

Hitech Corporation Ltd BUY 175 54 125 -69% -65.6% -34.5% -49.7%

NRB Bearings Ltd BUY 138 54 138 -61% -43.2% -42.6% -71.6%

Kokuyo Camlin Ltd BUY 132 47 132 -64% -34.9% -36.5% -52.0%

Timken India Ltd BUY 883 818 1250 -7% -21.0% -5.4% 39.9%

Morganite Crucible (India) Ltd BUY 1047 1524 2500 46% -23.0% 0.3% 7.3%

Vardhman Special Steels Ltd BUY 151 54 110 -64% -19.7% -14.7% -48.8%

Zen Technologies Ltd BUY 115 30 125 -74% -47.8% -45.7% -61.3%

KSB Ltd BUY 820 525 1100 -36% -25.0% -19.5% -23.9%

Thermax Ltd BUY 1019 718 1230 -30% -26.2% -31.9% -26.6%

Transpek Industry Ltd BUY 1547 1390 2000 -10% -15.7% 18.8% -7.7%

BASF India Ltd BUY 1954 1117 1400 -43% 33.3% 16.5% -17.8%

Artson Engineering Ltd BUY 64 21 55 -67% -41.7% -20.8% -47.2%

Remsons Industries Ltd BUY 104 58 130 -44% -27.0% -17.9% -29.8%

Snowman Logistics Ltd BUY 33 39 55 19% -9.6% -4.3% 18.1%

Alembic Pharmaceuticals Ltd BUY 605 543 751 -10% -18.3% -0.6% 0.2%

SKF India Ltd BUY 1942 1542 2620 -21% -21.7% -28.8% -20.9%

HFCL Ltd BUY 25 9 25 -63% -44.8% -45.4% -58.1%

Sudarshan Chemical Industries Ltd BUY 372 365 500 -2% -21.4% -8.7% 8.4%

Huhtamaki PPL Ltd BUY 254 202 320 -20% -29.6% -19.2% 1.7%

Mishra Dhatu Nigam Ltd BUY 123 176 190 43% -23.0% 15.3% 23.3%

Anuh Pharma Ltd BUY 142 120 175 -15% -18.1% -6.3% -11.3%

Kirloskar Pneumatic Co. Ltd BUY 134 96 192 -29% -34.9% -18.8% -49.0%

Integra Engineering India Ltd BUY 37 22 50 -41% -40.1% -47.5% -60.2%

ICICI Bank Ltd BUY 535 346 657 -35% -36.7% -36.7% -12.0%

Srikalahasthi Pipes Ltd BUY 205 143 250 -30% -37.5% -11.3% -37.5%

Acrysil Ltd BUY 115 71 150 -38% -44.1% -26.1% -39.1%

Paushak Ltd BUY 2210 1990 3200 -10% -25.7% -18.8% -6.2%

IHP Ltd BUY 171 140 500 -18% -34.7% -30.5% -5.8%

Engineers India Ltd BUY 105 57 200 -46% -30.2% -45.2% -1.1%

Gulshan Polyols Ltd BUY 78 26 78 -66% -39.5% -31.2% -52.5%

Nesco Ltd BUY 479 502 800 5% -30.8% -21.5% 12.5%

Castrol India Ltd BUY 223 114 200 -49% -26.2% -11.5% 45.6%

Hikal Ltd BUY 95 77 175 -19% -39.1% -29.1% -30.7%

Page No 3 Please Turn Over

Some selective buying can be seen in good quality stocks. Buying momentum is likely to continue in Pharma and FMCG counters. One can expect market to move sideways till stability is established.

MARKET OUTLOOK

NIFTY (WEEKLY)

BANK NIFTY (WEEKLY)

Page No 4 Please Turn Over Please Turn Over

NIFTY 50 COMPONENTS (WEEKLY PERFORMANCE)

SECTORAL PERFORMANCE

HDFC Bank -17.80

Hero Motocorp -4.54

Hindalco -18.60

HUL 0.33

ICICI Bank -23.17

Indusind Bank -45.45

Infratel -35.23

INFY -10.27

IOC -1.47

ITC 7.41

Jsw Steel -18.08

Kotak Bank -14.59

LT -18.42

M&M -27.56

Maruti -13.91

Nestle India -5.63

NTPC -18.34

ONGC 8.23

PowerGrid -6.95

Reliance -8.86

SBIN -14.08

Shree Cement -11.28

Sun Pharma -5.38

Tata Motors -14.59

Tata Steel -9.55

TCS -1.24

Tech Mahindra -13.10

TITAN -16.60

Ultratech -5.63

UPL -27.13

VEDL -11.44

Wipro -9.95

Zee Entertainment -20.69

Adani Ports -13.08

Asian Paints -3.05

Axis Bank -25.99

Bajaj Auto -6.92

Bajaj Finserv -19.34

Bajaj Finance -25.55

Bharti Airtel -5.54

BPCL -15.80

Britannia -10.55

Cipla -7.58

Coal India -14.52

DR Reddy’s Labs -0.78

Eicher Motors -11.96

Gail -4.38

Grasim -12.78

HCL Tech -10.48

HDFC -15.38

* Gain/ Loss in %

With a major cut of almost 20%, BankNifty was the underperformer of the week. Majority of the components ended the week with a loss in the range of 14%-23%. Indusind Bank was the top underperformer as stock tumbled over 45%.

Page No 5

SECTORAL LOSER

With the Market sentiment being bearish all the sectors have ended the week on a negative note.

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