WORLD INDICES & INDIAN ADRs (US$) 10-Jan-18 · Please refer to important disclosures at the end of...

1

EQUITY

Latest 1 Day P/E* P/B*

SENSEX 34,433.1 (0.0) 24.7 3.1

NIFTY 10,632.2 (0.0) 24.0 3.1

CNXMIDCAP 21,662.3 (0.1) 49.2 2.6

10-Jan-18

*Source: Bloomberg

NET INFLOWS (Rs. Crs.) 9-Jan-18

NET MTD YTD

FII (21.7) 2554.6 55439.7

MF** 250560.6 250074.9 368646.7

*YTD From January till date **As on 8-Jan-18

11 January 2018

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.

10-Jan-18

Latest Points % Chg.

NIKKEI 225 * 23703.2 (85.0) (0.4)

HANG SENG * 31061.0 (12.7) (0.0)

DOWJONES 25369.1 (16.7) (0.1)

NASDAQ 7153.6 (10.0) (0.1)

SGX NIFTY FUT* 10624.0 (14.0) (0.1)

INFY 17.0 0.3 1.5

HDFC BANK 101.0 (1.0) (0.9)

ICICI BANK 9.7 (0.1) (1.1)

TATA MOTORS 33.8 (0.5) (1.4)

WIPRO 5.8 0.1 1.9

DR REDDY 38.0 (0.3) (0.7)

* At 08:20 a.m. IST on 11-Jan-18

WORLD INDICES & INDIAN ADRs (US$)

COMMODITIES 10-Jan-18

Latest Points % Chg.

GOLD 1318.4 1.5 0.1

CRUDE OIL (WTI) 63.6 0.0 0.0

CRUDE OIL (Brent) 69.1 (0.1) (0.1)

FII ACTIVITIES IN DERIVATIVES 10-Jan-18

FII Net Buy (Rs.

Crs)

Open

Interest

Ch. in Open

Int. (DOD)Index Futures (241.7) 18159.0 (0.8)

Index Options 90.0 68788.0 2.7

Stock Futures 317.9 71836.0 0.4

Stock Options 2.1 7350.3 5.9

10-Jan-18

Closing % Chg.

Dollar Index 92.3 (0.02)

Rs. / $ 63.6 (0.19)

Rs. / EURO 76.3 0.41

Rs. / UK Sterling 86.2 (0.11)

EXCHANGE RATE

G.SEC. YIELD 10-Jan-18

Yield (%)

GS CG2025 8.2% 7.26

US 10 Year Gsec 2.55

KEY OVERNIGHT DEVELOPMENTS The three major U.S. stock indexes ended lower on Wednesday after a choppy trading session as investors worried that China would slow U.S. government bond purchases and that U.S. President Donald Trump would end a key trade agreement. Major Asian indexes declined on Thursday following the softer lead from Wall Street. Investors in the region also focused on quarterly releases as Japanese corporates kicked off earnings season.

MUST KNOW….

Amber Enterprises India IPO to open on January 17, price band at Rs 855-

859/share

Bajaj Auto introduces 2 new bikes under Discover range(Rs.3205,-1%)

Lupin(#) gets USFDA nod for generic version of Tamiflu capsules

(Rs.925,+1%)

Axis Bank (#) looking for opportunities in life insurance space(Rs.563,-1%)

Eyeing over 80% sales from US, India, Europe by 2021: Glenmark (#)

(Rs.616,+1%)

Simplex Infrastructures hits 52-week high on order win worth Rs 1080cr

from MMRDA(Rs.606,+3%)

Mathura refinery revamps units ahead of BS-VI fuel rollout

Tata Motors (#) global sales up 22% in December(Rs.433,0%)

Steel Strips Wheels rises 2% on maiden truck wheels order from

USA(Rs.1185,+2%)

Whirlpool of India (#) gains 1% on capacity expansion plan(Rs.1544,+1%)

Balasore Alloys gains 2%, will acquire 70% of Zimbabwe Alloys(Rs.92,+2%)

Alkem Laboratories gets EIR for Baddi facility(Rs.2319,-1%)

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Corporate Announcements & Financial Scoreboard

Amber Enterprises India IPO to open on January 17, price band at Rs 855-859/share

The public issue comprises a fresh issue of equity shares aggregating up to Rs 475 crore and an offer for sale of

up to Rs 125 crore by promoters Jasbir Singh aggregating up to Rs 62.5 crore and Daljit Singh up to Rs 62.5 crore.

Appliance maker Amber Enterprises India will open its Rs 600-crore initial public offering on January 17, with a

price band at Rs 855-859 per share. The public issue comprises a fresh issue of equity shares aggregating up to

Rs 475 crore and an offer for sale of up to Rs 125 crore by promoters Jasbir Singh aggregating up to Rs 62.5 crore

and Daljit Singh up to Rs 62.5 crore. The issue will close on January 19. The anchor investor offer period will be

one working day prior to the bid opening date, being, January 16. Bids can be made for a minimum lot of 17

equity shares and in multiples of 17 shares thereafter. Company intends to utilise the net proceeds from the

fresh issue towards prepayment or repayment of all or a portion of certain borrowings and general corporate

purposes. Amber Enterprises is a market leader in the room air conditioner OEM/ODM industry in India with a

market share of 55.4 percent in terms of volume in fiscal 2017, according to F&S report. Currently it serves eight

out of the 10 top RAC brands in India, which include leading RAC brands such as Daikin, Hitachi, LG, Panasonic,

Voltas and Whirlpool. Equity shares are proposed to be listed on the BSE and the National Stock Exchange of

India. The book running lead managers to the offer are Edelweiss Financial Services, IDFC Bank, SBI Capital

Markets and BNP Paribas.

Bajaj Auto introduces 2 new bikes under Discover range (Rs.3205,-1%)

Bajaj Auto today launched its new Discover 110 and Discover 125 models priced between Rs 50,496 and Rs Rs

56,314 (ex-showroom Maharashtra) with an eye on strengthening presence in premium executive segment. The

Discover 110 model, powered by 115.5 cc engine will be available for Rs 50,496, while Discover 125 with a 124.5

cc power unit is priced between Rs 53,491 and Rs 56,314 for drum and disc version, respectively (Ex-showroom

Maharashtra), the company said in a statement. Commenting on the launch, Bajaj Auto Ltd President

(Motorcycles) Eric Vas said, "Bajaj has made a significant impact in the 100 cc segment with the Platina

Comfortech & CT 100. The new Discover 110 and 125 bring first time ever features to customers in the 100-125

cc segment for a premium experience". The Discovers shall attract a whole new set of customers, who desire the

benefits of modern technology, he added. The two new models' features include LED daytime running

headlamps and digital instrument display panel.

Lupin(#) gets USFDA nod for generic version of Tamiflu capsules (Rs.925,+1%)

The company has received final approval from the US drug regulator to market oseltamivir phosphate capsules, a

generic version of Hoffman-La Roche Inc's Tamiflu capsules Drug major Lupin said it has received approval from

the US Food and Drug Administration (USFDA) to market a generic version of Tamiflu capsules, used in treating

influenza. The company has received final approval from the US drug regulator to market oseltamivir phosphate

capsules, a generic version of Hoffman-La Roche Inc's Tamiflu capsules in strengths of 30 mg, 45 mg, and 75 mg,

Lupin said in a statement. Oseltamivir phosphate capsules are indicated for the treatment of influenza. As per

IMS MAT October 2017 data, the capsules clocked annual sales of around USD 467.8 million in the US market.

Axis Bank (#)looking for opportunities in life insurance space (Rs.563,-1%)

Previously, the bank had held initial discussions with Max Life Insurance but the deal got stuck over valuation

issues. Axis Bank is looking to foray into the insurance business by acquiring IDBI Federal Life Insurance after the

bank’s executive committee sanctioned the move in December, reports The Economic Times. The report quoting

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sources aware of the development said that the bank has hired US-based investment bank to look for a suitable

midsize insurance company that can be acquired. It is also eyeing Tata AIA, another insurance company on the

block. The bank has a partnership with LIC and Max Life in the life insurance space. While in general insurance

space it has an alliance with Tata AIA, it holds 4.99 percent stake in Max Life Insurance. Axis Bank has recently

raised Rs 11,625 crore from Bain Capital-led consortium in November last year by issuing preferential shares and

warrants. Previously, the bank had held initial discussions with Max Life Insurance but the deal got stuck over

valuation issues.

Eyeing over 80% sales from US, India, Europe by 2021: Glenmark(#) (Rs.616,+1%)

Glenmark Pharmaceuticals today said it expects the US, Indian and European markets, along with active

pharmaceutical ingredient (API) segment, to contribute over 80 per cent to its sales by 2021. As part of its

medium term strategy, the company is also looking at increasing presence in complex generics, Glenmark said in

a presentation to be made at the J P Morgan Healthcare Conference in the US, as per its BSE filing. The company

is also planning to scale up its speciality business in the US as part of its future outlook for 2021, it added. In next

three to five years, the new molecular entity (NME) pipeline will be in advanced stages of development,

Glenmark said. For the company, core therapy areas are oncology, dermatology and respiratory segments. It also

aims to have a global manufacturing footprint by 2021, it added. The profitability margin which was at 20 per

cent in 2017 will be at 23 per cent in 2021. The company is looking at a profitability margin of 25 per cent in

2025, Glenmark said. "Speciality and innovative segments to be the main growth drivers in 2025," it added.

Simplex Infrastructures hits 52-week high on order win worth Rs 1080cr from MMRDA (Rs.606,+3%)

The company has received an order from Mumbai Metropolitan Region Development Authority (MMRDA) for Rs

1080 crore. While weakness in some sectors like real estate is visible, services and infrastructure sentiment is

expected to improve in Q4. The overall business scenario is also expected to improve. The company has received

an order from Mumbai Metropolitan Region Development Authority (MMRDA) for Rs 1080 crore for part design

and construction of elevated viaduct and 11 elevated stations.

Mathura refinery revamps units ahead of BS-VI fuel rollout

Mathura refinery has decided to go for innovation and revamp of its two units to meet the challenge of 100 per

cent production of BS-VI grade fuel by 2020, a director said. "With the addition of third reactor in series to the

existing two reactors and furnace, Prime G (gasoline de- sulphurization) unit of Mathura refinery is being

revamped for ensuring BS-VI petrol with sulphur content 8ppm (wt)," Mathura Refinery's Executive Director

Larry Wright Khongwir told reporters yesterday. He added both the revamped units are expected to be

commissioned by September 2019. India plans to leapfrog to BS-VI fuel norms, which are equivalent to Euro-VI

norms, by April 2020 directly from current BS-IV norms. However, the government has advanced

implementation the BS-VI fuels in the National Capital from 2018 to curb emissions. Khongwir said the biggest

target for the refinery this year is to supply BS-VI high speed diesel (HSD) to Delhi NCR. Since the targets for BS-

VI fuels to Delhi NCR has been revised, it has decided to go for some innovations also. So far BS-VI compliant

HSD has been supplied to major automobile giants like Mahindra & Mahindra, JCB India Limited, Bosch Limited,

Honda Motors, and Daimler India Commercial & Atlas Copco, he said. Mathura refinery has maximum

production potential of 50 thousand metric ton per month (TMTPM) of BS-VI MS (petrol) and 140 TMTPM of BS-

VI HSD. To meet the National Capital's requirement, Mathura refinery is required to supply 20 TMT of BS-VI MS

& 50 TMT of BS-VI HSD.

4

Tata Motors(#) global sales up 22% in December (Rs.433,0%)

Global wholesales of all Tata Motors' commercial vehicles and Tata Daewoo range in December 2017 were at

47,182 units, an increase of 53 per cent over the same month previous year, the company said in a statement.

Tata Motors today reported 23 per cent increase in total global sales at 1,16,677 units for December 2017.

Global wholesales of all Tata Motors' commercial vehicles and Tata Daewoo range in December 2017 were at

47,182 units, an increase of 53 per cent over the same month previous year, the company said in a statement. In

the passenger vehicles segment, total sales grew by 8 per cent at 69,495 units last month. The company said its

British arm Jaguar Land Rover clocked total global sales of 55,066 units in December, out of which 16,826 units

were of Jaguar and 38,240 units were of Land Rover.

Steel Strips Wheels rises 2% on maiden truck wheels order from USA (Rs.1185,+2%)

Share price of Steel Strips Wheels (SSWL) advanced 2.5 percent intraday Wednesday as the company has bagged

maiden truck wheels order from USA. The company has bagged a maiden exports order from high potential US

Truck & Trailer Aftermarket for its Truck Steel wheels plant in Chennai. The total annual potential of this

business is 45,000 wheels. The said wheels to be dispatched from its new truck wheels plant in Chennai from this

month onwards. The total order value would be close to USD 2 million. This order marks company's entry into

US territory. The company is in discussions with other large truck & trailer makers in USA and expects to get

more orders in this segment in near future. The company expect to increase its presence in truck and trailer

wheels market in US and EU in the coming months.

Whirlpool of India (#) gains 1% on capacity expansion plan (Rs.1544,+1%)

The company is proposing to enhance its single door refrigerator existing capacity of 21 lakh by 6 lakh per

annum from internal sources at an estimated cost of Rs 182 crore. Shares of Whirlpool of India added more than

3 percent in the early trade on Wednesday as company is going to increase its capacity. The company is

proposing to enhance its single door refrigerator existing capacity of 21 lakh by 6 lakh per annum from internal

sources at an estimated cost of Rs 182 crore to be spent over next two years. The setting up of additional

capacity is being undertaken in line with company's focus strategy and to meet the increasing demand of its

products since the present capacity utilization of single door refrigerator is around 94 percent.

Balasore Alloys gains 2%, will acquire 70% of Zimbabwe Alloys (Rs.92,+2%)

Share price of Balasore Alloys gained nearly 2 percent in the early trade on Wednesday as the company will

acquire 70 percent of Zimbabwe Alloys. The company will acquire either by itself and/or through its nominees

and affiliates, 70 percent shares of Zimbabwe Alloys (ZAL). ZAL holds 19,780 hectares of mining areas in different

parts of Zimbabwe, which has proven resources of 72.25 million tonnes of chrome ore. Zimbabwe Alloys Chrome

is a wholly owned subsidiary of ZAL has a ferro chrome plant. The scheme is subject to fulfilment of certain

conditions precedent contained in the scheme of arrangement.

Alkem Laboratories gets EIR for Baddi facility (Rs.2319,-1%)

This is to inform you that US FDA has issued an Establishment Inspection Report (EIR) for the Company's

manufacturing facility located at Baddi, India which was inspected from 11th September, 2017 to 15th

September, 2017. In furtherance to the intimation captioned "Update on US FDA Inspection at Alkem's Baddi

Facility" dated 18th September, 2017, this is to inform you that US FDA has issued an Establishment Inspection

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Report (EIR) for the Company's manufacturing facility located at Baddi, India which was inspected from 11th

September, 2017 to 15th September, 2017. In response to the two Form 483 observations issued by the US FDA,

the Company had submitted a detailed corrective and preventive action (CAPA) plan to the regulator within the

stipulated timelines. The inspection has now been closed by the US FDA.

6

Information Of Bulk Deals – 10th Jan.2018 On BSE

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

Quantity Shares

Trade Price/ W Avg. Price

ABHIINFRA HARSH ROHITBHAI PATEL S 93,381 4.35

ABHIINFRA UNNATI INVESTMENT B 50,000 4.37

ACKNIT MINAL MAHESH ATHA B 20,000 148.49

AMSONS SKYNET SOLUTIONS S 115,000 5.65

ANISHAIMPEX SANGEETA PAREEKH B 3,000,000 11

ANISHAIMPEX SUNIL KUMAR MALIK S 3,000,000 11

ARAMBHAN LYDIA CONSTRUCTION PRIVATE LIMITED B 55,000 68.35

ARAMBHAN POONAMCHAND RUGHLAL MUNDHRA B 45,000 63.53

ASMTEC AMARNATH KAMATH HUF S 70,000 143.99

ASMTEC SHAILESH V HARIBHAKTI B 71,500 143.95

BABA ANUJ NAGPAL S 600,000 2.52

BCPAL MAHENDRA MADHUKAR PANSE S 200,000 7.3

BCPAL RATNANIDHI ADVISORY SERVICES LLP S 300,000 7.3

CROWNTOURS BHARAT KUMAR NAHATA & SONS B 15,951 12.15

CROWNTOURS JOSHI JAHNVIBEN C S 16,000 11.67

DASL PRAMODKUMAR RAMOTAR SHAH (HUF) S 45,000 27

DASL SANGITA NIRANJANKUMAR JAIN B 45,000 27

EML IDEAL PLYWOOD TRADERS PRIVATE LIMITED S 180,000 54.75

HINDTIN ARUNA R JAIN S 75,833 100.03

INDRAIND ADITYA FINCOM PRIVATE LIMITED S 500,000 22

INDRAIND BHUPENDRA MATHURADAS SHAH HUF . B 50,000 22

INDRAIND DINESH PAREEKH B 250,000 22

INDRAIND HARDIK MANOJ SHAH B 250,000 22

INDRAIND MANOJ B SHAH HUF B 50,000 22

INDRAIND MITHANI INVESTMENT AND TRADING PRIVATE LIMITED

B 50,527 22

INDRAIND PRATAP BIOTECH PRIVATE LIMITED S 500,000 22

INDRAIND SHAH VAISHALI YATIN B 250,000 22

INDRAIND SUMIT KUMAR RAMESH GUPTA B 50,000 22

INDRAIND VEER DHIREN MODI B 50,000 22

ISHANCH MARUTBHAI DINESHCHANDRA PATEL S 65,100 50.88

JAUSPOL ANOOP KUMAR CHHAWCHHARIA S 80,000 24.65

JAUSPOL UTSAV CHHAWCHHARIA B 80,000 24.65

KHOOBSURAT GLOBAL CAPITAL MARKET & INFRASTRUCTURES LIMITED

S 1,117,526 0.31

LAKHOTIA GAZI ESTATES PRIVATE LIMITED B 302,500 8.32

LAKHOTIA SANWARIA VINCOMM PRIVATE LIMITED S 302,500 8.32

MEHAI SACHIN GOVINDLAL MODI S 27,000 75.09

MONARCH JAYANTILAL SHAH VAIBHAV B 200,000 75.03

MONARCH SURESH PUKHRAJ JAIN S 200,000 75

7

NATECO NARVATSINH VAGHSINH ZALA B 16,000 84.72

NAVIGANT ABEESH SANKAR S 20,000 15.2

NAVIGANT AMIT KUMAR LAHOTI S 30,000 15.2

NAVIGANT ANITA LAHOTI S 20,000 15.2

NAVIGANT KAMALA DEVI LAHOTI S 20,000 15.2

NAVIGANT NAYSAA SEURITIES LIMITED B 220,000 15.27

NAVIGANT RITU LAHOTI S 20,000 15.2

NAVIGANT SHYAM SUNDAR LAHOTI AND SONS HUF S 30,000 15.4

NAVIGANT SHYAM SUNDER LAHOTI S 20,000 15.2

NAVIGANT VIMAL KUMAR LAHOTI S 20,000 15.4

NAVIGANT VIMAL KUMAR LAHOTI S 30,000 15.4

ORIENTALTL MAHENDRA PRATAP S 95,665 18.2

PARNAMI N K SODHANI & FAMILY B 20,000 9.35

PARNAMI NARESH KUMAR SODHANI B 25,997 9.39

PRIMAGR SITA DEVI BANSAL S 39,249 33.53

SCAPDVR AMITABH HARIVANSH RAI BACHCHAN S 775,000 7.14

SCAPDVR SANJIV KUMAR B 403,570 7.14

SKP KP CORP CONSULTANTS PRIVATE LIMITED S 70,000 37.95

STAMPEDE EXCLUSIVE SOFT SOLUTIONS PRIVATE LIMITED S 1,970,000 15.38

STAMPEDE SHILPHY STEEL PRIVATE LIMITED B 1,867,422 14.88

STAMPEDE SHILPI AGARWAL S 1,500,000 14.72

SUPREMEX PIONEER SECURITIES PRIVATE LIMITED B 774,909 26

UJJIVAN CDC GROUP PLC S 1,182,646 405

WARRENTEA KARUNA MITTAL B 61,200 120

WARRENTEA SANIDHYA MITTAL B 60,185 120

Information Of Bulk Deals – 10th Jan. 2018 On NSE

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

Quantity Shares

Trade Price/ W Avg. Price

TCI Finance Limited ANMOL SHARE TRADERS LIMITED S 1,06,931 32.13

Coral India Fin & Hous Lt ASIT SURENDRA DATTANI THAKKAR S 4,80,000 46

Hi-Tech Pipes Limited BRIJAL NIKUNJ PATEL S 60,000 372

Ujjivan Fin. Servc. Ltd. CDC GROUP PLC S 11,00,000 405.02

Welspun India Limited DSP BLACKROCK MUTUAL FUND - BALANCED B 71,52,682 72.7

Welspun India Limited DSP BLACKROCK MUTUAL FUND - MICRO CAP B 165,06,190 72.7

Welspun India Limited DSP BLACKROCK MUTUAL FUND - OPPORTUNITIES FUND

B 68,00,000 72.7

Welspun India Limited DSP BLACKROCK MUTUAL FUND - TAX SAVER FUND

B 67,85,420 72.7

Som Dist & Brew Ltd EQ INDIA FUND B 5,00,000 197

High Ground Entp Ltd FILM CONSULTANCY AND INCENTIVES PRIVATE LIMITED

S 16,50,000 16.4

Rainbow Papers Ltd Hardik Bharat Patel S 10,00,000 4.4

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Coral India Fin & Hous Lt INDIA MAX INVESTMENT FUND LTD S 4,25,000 45.01

Jindal Drilling And Indus INDICO PREFAB AND ALLIED INDUSTRIES LLP S 2,00,000 225.45

Sanco Industries Ltd. JHAVERI TRADING AND INVESTMENT PVT. LTD. S 75,000 53.89

Hi-Tech Pipes Limited KAMLABEN AMRUTLAL PATEL S 60,000 372

Prime Securities Limited LTS INVESTMENT FUND LTD B 1,50,000 60.18

Welspun India Limited MGN AGRO PROPERTIES PRIVATE LIMITED S 480,96,381 72.71

Hi-Tech Pipes Limited MOTIBEN NARANBHAI PATEL S 60,000 372

Akash Infra-Projects Ltd. NAMITA NIRAV MANIAR S 99,000 95.07

Snowman Logistics Ltd. NORWEST VENTURE PARTNERS VII-A-MAURITIUS

S 8,90,000 64.45

Brand Concepts Limited PARDEEP AGGARWAL(HUF) B 54,000 54

Orchid Pharma Limited POLARIS BANYAN HOLDING PRIVATE LTD B 5,29,000 24.02

Som Dist & Brew Ltd PORINJU V. VELIYATH B 1,50,000 197.95

Stampede Capital Ltd ROHIT SAHAI HUF S 14,00,000 15.05

M P Today Media Limited ROMY BANSAL S 32,000 168.95

M P Today Media Limited SAGAR RAJESHBHAI JHAVERI B 32,000 168.95

Akash Infra-Projects Ltd. SAMIR SHAH SAGAR S 66,000 98.17

Akash Infra-Projects Ltd. SHAH ANNAPURNA JAYKUMAR B 1,00,000 82.75

Hilton Metal Forging Limi SONY SEBASTIAN S 71,900 41.09

Ajooni Biotech Limited SUMANA PARUCHURI B 40,000 46.39

Ajooni Biotech Limited VARSHNEY ALPNA S 44,000 45.07

Lasa Supergenerics Ltd VIVEK BHIMSARIA NRE PIS A/C 50100189885591

S 1,22,118 173.01

9

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

BAJAJ ELECTRICALS LTD.-$ Suresh L Hegde 3300 (-) 1,250 612500.00 Disposal (-) 27/12/2017

BAJAJ ELECTRICALS LTD.-$ Suresh L Hegde (-) 800 392000.00 Disposal 1250 (-) 27/12/2017

LARSEN & TOUBRO LTD. Dharmarajan N 6001 (0.00) 6,001 7870552 Disposal Nil (0.00) 05/01/2018

LARSEN & TOUBRO LTD. Roy S N 82350 (0.01) 1,000 1345000 Disposal 81350 (0.01) 08/01/2018




LARSEN & TOUBRO LTD. Shahane A D 71045 (0.01) 400 517600 Disposal 70645 (0.01) 04/01/2018



LARSEN & TOUBRO LTD. Naik A M 650000 (0.05) 25,000 33528750 Disposal 625000 (0.04) 08/01/2018


LARSEN & TOUBRO LTD. Trivedi Y S 1275 (0.00) 100 171000 Acquisition 1375 (0.00) 08/05/2017



LARSEN & TOUBRO LTD. Sharma S S 69256 (0.00) 1,000 1320000 Disposal 68256 (0.00) 08/01/2018

10


MOTOR & GENERAL FINANCE LTD. Associated Traders & Engineers (P)

Ltd 95680 (0.49) 6,804 277053 Acquisition 102484 (0.52) 09/01/2018

IFB INDUSTRIES LTD. Prabir Chatterjee 25000 (0.06) 6,330 Disposal 18670 (-) 05/01/2018

VIJAY SHANTHI BUILDERS LTD. Pramila Jain 197430 (0.75) 50,000 1501546 Disposal 147430 (0.56) 05/01/2018

Fairchem Speciality Ltd Rajesh H. Budhrani 677833 (1.80) 1,500 755385.30 Disposal 676333 (1.80) 02/01/2018

Fairchem Speciality Ltd Rajesh H. Budhrani 676333 (1.80) 7,000 Disposal 669333 (1.78) 08/01/2018

PRAJAY ENGINEERS SYNDICATE LTD. Raghavender Reddy Marpadaga 55881 (0.08) 58,611 654205.02 Acquisition 114492 (0.16) 30/12/2017

KPIT Technologies Limited Jayant Vasant Manerkar 8000 (-) 8,000 1612179 Disposal (-) 05/01/2018

TARMAT LTD. Dilip Varghese 1063463 (9.70) 2,05,000 14477207.05 Disposal 858463 (7.83) 08/01/2018

TARMAT LTD. Dilip Varghese 858463 (7.83) 50,000 3950000 Disposal 808463 (7.38) 09/01/2018

FLEXITUFF INTERNATIONAL LTD. Clearwater Capital Partners (Cyprus)

Ltd 1386262 (5.57) 4,98,561 45549745.85 Disposal 887701 (3.56) 08/01/2018

Future Lifestyle Fashions Ltd Suresh Sadhwani 78530 (0.04) 10,000 3554200 Disposal 68530 (0.04) 08/01/2018

Anisha Impex Ltd Sunil Kumar Malik 6850100 (41.69) 30,00,000 3000000 Disposal 3850100 (23.43) 10/01/2018

Sri Krishna Constructions (India) Ltd Vaishali Jignesh Dubal 538287 (5.14) 22,000 3400980 Acquisition 560287 (5.35) 08/01/2018

Sri Krishna Constructions (India) Ltd Vaishali Jignesh Dubal 560287 (5.35) 2,000 313650 Disposal 558287 (5.33) 09/01/2018

S H Kelkar and Company Ltd SH Kelkar Employee Benefit Trust (-) 13,700 4031582.50 Acquisition 13700 (-) 08/01/2018

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

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