Latest Points % Chg. MARKETS TODAY ICICI BANK 8.2 0.3 3.3 ... · Sponge, SBBJ, SKF India, Rane Engine, Zuari Agro, Unichem Labs, Triton Valves, Menon Bearings. KEY OVERNIGHT DEVELOPMENTS

1

20-Oct-16

Latest Points % Chg.

NIKKEI 225 * 17285.5 50.0 0.3

HANG SENG * 23374.4 69.4 0.3

DOWJONES 18162.4 (40.3) (0.2)

NASDAQ 5241.8 (4.6) (0.1)

SGX NIFTY FUT* 8705.0 (2.0) (0.0)

INFY 15.7 (0.1) (0.6)

HDFC BANK 72.7 0.0 0.0

ICICI BANK 8.2 0.3 3.3

TATA MOTORS 40.8 (0.5) (1.2)

WIPRO 9.9 (0.1) (1.4)

DR REDDY 46.1 (0.0) (0.1)

* At 08:20 a.m. IST on 21-Oct-16

WORLD INDICES & INDIAN ADRs (US$)

21 October 2016

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.

EQUITY

Latest 1 Day P/E* P/B*

SENSEX 27,984.4 (0.2) 20.7 2.9

NIFTY 8,659.1 (0.2) 21.8 2.9

CNXMIDCAP 15,934.3 (0.1) 35.6 2.0

20-Oct-16

*Source: Bloomberg

COMMODITIES

Latest Points % Chg.

GOLD 1262.4 (3.4) (0.3)

CRUDE OIL (WTI) 50.4 (0.2) (0.5)

CRUDE OIL (Brent) 51.2 (0.2) (0.4)

FII ACTIVITIES IN DERIVATIVES 20-Oct-16

FII Net Buy (Rs.

Crs)

Open

Interest

Ch. in Open

Int. (DOD)Index Futures (396.0) 17415.9 17.1

Index Options 1577.6 75175.4 (0.1)

Stock Futures 588.9 59731.5 1.9

Stock Options (91.6) 8286.4 7.6

NET INFLOWS (Rs. Crs.) 19-Oct-16

NET MTD YTD

FII (295.5) 8613.3 49281.5

MF 689.8 7955.3 18064.4

*YTD From January till date

20-Oct-16

Closing % Chg.

Dollar Index 98.5 0.20

Rs. / $ 66.8 0.20

Rs. / EURO 73.4 0.29

Rs. / UK Sterling 82.0 0.08

EXCHANGE RATE

G.SEC. YIELD 20-Oct-16

Yield (%)

GS CG2025 8.2% 6.76

US 10 Year Gsec 1.75

MARKETS TODAY Indian markets may remain as the SGX Nifty indicates a subdued start. Resistance is seen at 8738 levels & support is seen at 8685 levels. Stock watch: Result watch : RIL, Wipro, HCL Tech, Nucleus, Tanla, Syngene. Results today: ACC, Cairn, Wipro, HCL Technologies, Equitas Holdings, Indiabulls Housing, Mindtree, Oberoi Realty, GHCL, Atul, V-guard, Zee learn, Tata Sponge, SBBJ, SKF India, Rane Engine, Zuari Agro, Unichem Labs, Triton Valves, Menon Bearings.

KEY OVERNIGHT DEVELOPMENTS

Wall street ended a choppy session on Thurs slightly lower as investors digested the latest round of earnings, with a sharp drop in telecoms offset by gains in healthcare. Asian stocks slipped on Fri with a fall in crude oil prices dampening investor risk sentiment, while the dollar hovered near a seven-month high against an index of peers. MUST KNOW….

Blue Star eyeing 30% growth during Diwali, says mkt may grow 20% (Rs.555,

-1%)

DLF up as board to review progress of Cyber City stake sale (Rs.154, +2%)

Target 10% volume growth in H2FY17: Kajaria Ceramics (Rs.662, -9%)

HCC rises as arm starts toll operations in West Bengal proj (Rs.38, +1%)

Investments made in tech, services are paying back: RBL Bank (Rs.328, +5%)

Expect 5-6% net profit margin from Pachhwara SPV: NCC (Rs.83, +2%)

Will target 20% organic growth: Quess Corp (Rs.633, +6%)

Expect to achieve margin of 15-16% in next few quarters: KPIT (Rs.142, +4%)

Hester Biosciences Q2 net profit up 39% at Rs.6 cr (Rs.761, -1%)

No talks on buyback of shares from govt: Hindustan Zinc CEO (Rs.250, +1%)

DB Corp Q2 up 56% to Rs.88.51 crore (Rs.398, -0.5%)

ONGC Tripura installs 110 MT rig at drill site (Rs.282, +1%)

Ashok Leyland bags Rs.1,140 cr order from Tanzania (Rs.86, +1%)

Wipro acquires US-based cloud services co Appirio for $500 mn (Rs.496, 0%)

Biocon Q2 net profit of Rs.146.7 cr (Rs.980, -2%)

Syngene Q2 Net up 54% at Rs.75 crore (Rs.543, +7%)

2

Corporate Announcements & Financial Scoreboard Blue Star eyeing 30% growth during Diwali, says mkt may grow 20% (Rs.555, -1%)

The festival season continues to do well for Blue Star. During Onam, the start of festive period, company

grew over 50% and during Dussera, it grew by nearly 30%. B Thiagarajan, Joint MD of Blue Star expects

over 30% sales during the upcoming Diwali season while market will grow by 20%. Market is doing well

both in retail and online space, he told media. However, Thiagarajan adds that online sales have been

subdued this year in comparison to last year as the e-retailers are focusing on other products like LCD TVs

and small appliances. He is optimistic that 30% of demand will be fulfilled by online sales by 2020. On the

Goods & Services Tax (GST), Thiagarajan says that AC companies will face some difficulties during the

transition period and 26% is a neutral rate. Also, the new cess, suggested by the Center, on luxury goods is

not a welcome step according to him. Upcoming Union Budget and GST will be closely watched by the

company.

DLF up as board to review progress of Cyber City stake sale (Rs.154, +2%)

DLF shares climbed Thurs ahead of board meeting to review the progress of the stake sale in Cyber City

Developers. "The Audit Committee in a meeting, on Oct 21, will review the progress of the sale of

cumulative compulsorily convertible preference shares (CCPS) of DLF Cyber City Developers - DCCDL," the

real estate developer said in its filing. The board of directors, in Oct 2015, had approved the proposal for

promoter group companies - Rajdhani Investments & Agencies, Buland Consultants & Investments, Sidhant

Housing & Development (CCPS holders) - to sell 15.96 crore cumulative compulsorily convertible preference

shares of DLF Cyber City Developers to unrelated third party institutional investor(s). After the conversion

of these preference shares into equity shares, it would result in 40% equity shareholding in DLF Cyber City

Developers. The balance 60% stake is held by DLF. The board had authorised the audit committee to finalise

strategic terms of CCPS sale transaction including selection of third party institutional investor(s) in

consultation with CCPS holders. In FY16, DLF Cyber City Developers reported a 4% degrowth in profit at

Rs.921 crore and a 5% growth in revenue at Rs.3,643 crore compared with FY15. At the end of Q1FY17, it

had net debt of Rs.7,728.96 crore on its books while DLF's consolidation debt was Rs.22,120 crore. DLF has

been selling assets to reduce its huge debt. Recently it concluded sale of cinema exhibition business

(operated under the brand name of DT Cinemas) to PVR.

Target 10% volume growth in H2FY17: Kajaria Ceramics (Rs.662, -9%)

The market was bad in the first two months of the second quarter but the retail market has improved from

Sept onwards, says Ashok Kajaria, CMD of Kajaria Ceramics. In the second quarter of this fiscal, Kajaria

Ceramics reported a 8.2% increase in its net profit to Rs.63.6 crore year-on-year (YoY) revenues were up 4%

to Rs.706.9 crore (YoY). In an interview with media, Ashok Kajaria said that despite missing street estimates

the company has not lost its market share and seen a volume growth of 3% in Q2 despite the industry

growth being negative. He said the company has a volume growth target of 10% in H2FY17.

HCC rises as arm starts toll operations in West Bengal proj (Rs.38, +1%)

Hindustan Construction Company shares gained Thurs after its subsidiary HCC Concessions commenced

commercial operations of its Rs.1,720 crore Farakka Raiganj Highways (FRHL) in West Bengal. The project

forms an integral part of HCC's Rs.4,300 crore development of NH-34 across three contiguous stretches

over 256 km between Baharampore and Dalkhola, the company said. The first leg between Baharampore to

Farakka has been operational since May 2014 with a current daily collection of approximately Rs.40 lakh.

3

HCC said the development of FRHL is supported by a consortium of 9 lenders and the project has a

concession period of 30 years. HCC Operations & Maintenance Limited is the designated operations &

maintenance contractor for the highway.

Investments made in tech, services are paying back: RBL Bank (Rs.328, +5%)

Vishwavir Ahuja of RBL Bank said that over the last several years, the various investments we have made

across the platforms in terms of tech products and services have started paying back handsomely. RBL Bank

saw its net profit grow by over a third to ₹89.89 crore in the second quarter of FY17. Net interest income

for the quarter was ₹302.94 crore (₹189.93 crore), an increase of 59.50%. The average growth on whole

sale side of business grew 40%, while non-whole business grew nearly 50%, he said. The bank, he said,

doesn’t have ARC sales, no instances of SDR nor 5-25 refinancing scheme.

Expect 5-6% net profit margin from Pachhwara SPV: NCC (Rs.83, +2%)

The NCC-BGR consortium was recently awarded the Pachhwara North Coal Block MDO project. NCC will

hold 51% stake in the special perpose vehicle (SPV) while the remaining will be held by BGR Mining and

Infra. YD Murthy, Executive VP-Finance, NCC, says the expected net profit margin from the SPV will be

around 5-6%. The project will require machinery worth Rs.600 crore, says Murthy.

Will target 20% organic growth: Quess Corp (Rs.633, +6%)

Quess Corp has announced three acquisitions -- Comtel, Terrier and Simpliance. These acquisitions are

strategic in nature. In an interview to media, Ajit Issac, CMD & CEO of the company spoke about the results

and his outlook for the company. "Comtel acquisition will give us a good springboard in to developing a

professional staffing business in the Pan Pacific area", he added. Isaac further mentioned, "Our target

internally is to try and maintain a 20% growth rate in our operating assets".

Expect to achieve margin of 15-16% in next few quarters: KPIT (Rs.142, +4%)

In an interview to media, Kishor Patil of KPIT Technologies spoke about the results and his outlook for the

company. "Last year we had reached a margin of 16-17% and that is where we should get in few quarters,"

he said. Patil futher mentioned, "We have made some long investments for sustainable growth and we

believe that we have turned the corners".

Hester Biosciences Q2 net profit up 39% at Rs.6 cr (Rs.761, -1%)

Drug firm Hester Biosciences reported a 38.92% rise in its standalone net profit to Rs.5.96 crore for the

second quarter ended Sept 30. The company had posted a net profit of Rs.4.29 crore for the corresponding

period of the previous fiscal, Hester Biosciences said in a BSE filing. Standalone net sales of the company

also rose to Rs.29.63 crore for the quarter under review as against Rs.24 crore for the same period last

fiscal. Nepal plant of the company is slated to commence commercial production on Nov 15, 2016, Hester

Biosciences said. In a separate filing, the company said its board has declared an interim dividend of 30%,

Rs.3 per equity share on the face value of Rs.10 per share for the financial year 2016-17.

No talks on buyback of shares from govt: Hindustan Zinc CEO (Rs.250, +1%)

There have been no talks on buyback of the government's shares in the integrated zinc producer Hindustan

Zinc Ltd (HZL), its CEO Sunil Duggal said. "There has been no discussion on this topic (share buyback)," he

told, adding that the company does not respond to market speculation. Duggal was responding to reports

that the company led by bnaire Anil Agarwal is looking to buy back shares from the government. In 2002,

4

the government sold 26% stake in HZL for Rs.445 crore to bnaire Anil Agarwal-led Vedanta. The firm also

acquired 20% stake from the public. In 2003, it again acquired an additional 18.92% in exercise of call

option clause in shareholders agreement between the government and the firm. Now, the government

owns 29.54% in HZL. In August, Mines Minister Piyush Goyal said the government has no "strategic interest"

in holding minority stake in HZL. "My approach is that we have no role in it and I don't see any role for us to

keep that minor stake," Goyal told PTI. Agarwal, the chairman of mining giant Vedanta Resources, has time

and again evinced interest in acquiring the government's remaining stake in HZL and aluminium maker

Balco. In Mar this year, Agarwal had said stake sale of the government's remaining share in HZL and

aluminium maker Balco can fetch it Rs.25,000 crore.

DB Corp Q2 up 56% to Rs.88.51 crore (Rs.398, -0.5%)

Media firm DB Corp reported 55.93% increase in consolidated net profit at Rs.88.51 crore for the second

quarter ended Sept 30, 2016. The company had posted a net profit of Rs.56.76 crore in Jul-Sept period of

the previous fiscal, DB Corp said in a BSE filing. Net sales on consolidated basis were up 10.45% at Rs.521.02

crore as against Rs.471.70 crore in the corresponding quarter of the last fiscal. Total expenses were at

Rs.399.74 crore, up 2.35% from the year-ago period. "Our performance till date reflects a strong top line

growth with an ever better profitability growth despite a challenging market situation," DB Corp Managing

Director Sudhir Agarwal said. Revenue from newspapers and periodicals was up 9.30% at Rs.483.40 crore in

the second quarter compared with Rs.442.23 crore in the same period a year ago. Radio segment revenue

rose 24.58% during the quarter to Rs.29.85 crore. Company's advertising revenue was up 8.94% at Rs.374

crore during the quarter as compared to the year-ago period, the company said. In the first half of the

ongoing fiscal, DB Corp's consolidated net profit increased 58.97% to Rs.192.47 crore as against Rs.121.07

crore in the six-month period a year ago. DB Corp publishes seven newspapers including Dainik Bhaskar,

Divya Bhaskar, Dainik Divya Marathi and Saurashtra Samachar, and operates 'My FM' radio station in 20

cities.

ONGC Tripura installs 110 MT rig at drill site (Rs.282, +1%)

In a bid to increase gas production in Tripura, the ONGC has installed a 110 MT rig at one of its drill sites,

Gandhigram near here, at a cost of Rs.23.2 crore. "This rig is suitable for work over operations up to 5000 m

depth and is equipped with latest technologies and all safety features. With the addition of this rig, ONGC

Tripura is set to undertake work over operations on more number of wells thereby increasing gas

production," an ONGC spokesperson said in a press release. The rig was installed yesterday and the

programme was inaugurated by Tripura Governor Tathagata Roy. The Governor, in his speech, hoped that

ONGC makes further progress in increasing the gas production in the state bringing more cheer into the

lives of people in the state. Speaking on the occasion, Asset Manager S C Soni said this rig would contribute

substantially in liquidating sick wells and inconclusive well testing in Tripura, the release said. The board of

ONGC had approved of an investment of Rs.5,050 crore in Tripura for drilling wells and creation of surface

facilities to produce 5.1 Mn standard cubic feet per day (MMSCMD) of gas from the gas fields located in the

state. As a result of geological mapping and exploratory efforts, so far 11 gas fields have been found in

Tripura of which seven are on production mode.

Ashok Leyland bags Rs.1,140 cr order from Tanzania (Rs.86, +1%)

Hinduja flagship firm Ashok Leyland said it has bagged order worth USD 170 mn (about Rs.1,140 crore) from

Tanzania to supply vehicles, gensets and spares, among others. The order also includes supply of equipment

for development of workshops, training modules and allied equipment to be fitted on ambulances, Ashok

5

Leyland said in a BSE filing. "The new order from Tanzania, valued at USD 170 mn, fast on the back of the

USD 200 mn by Cote D'Ivore also reiterates the market acceptance of Ashok Leyland's products in the

African region," Ashok Leyland Managing Director Vinod Dasari said. He further said export to key

international markets is an essential part of the company's strategic intent to globalise its product and

derisk itself from supplying only into India. The latest order is being financed fully by EXIM Bank of India

under National Insurance Account (NEIA) scheme. Recently, the company had concluded the supply of 773

vehicles to Tanzania under Line of Credit from the Indian government. "Further, the company is executing

another oder for supply of 777 vehicles to the Ministry of Home Affairs in Tanzania," the company said.

Wipro acquires US-based cloud services co Appirio for $500 mn (Rs.496, 0%)

Indian information technology major Wipro has acquired Appirio, a US-based global cloud services company

for USD 500 mn. The deal is expected to close in the Dec quarter. Through one of its biggest acquisition,

Wipro will consolidate existing cloud practices of salesforce and workday under Appirio. Wipro, which has

been betting big on cloud services managed to close the deal with Appirio, a company with annual run-rate

of over USD 200 mn, even as many other companies including Infosys were eyeing it.

Biocon Q2 net profit of Rs.146.7 cr (Rs.980, -2%)

Biotechnology major Biocon reported a consolidated net profit of Rs.146.7 crore for the second quarter

ended Sept 30, 2016. The company had posted a net loss of Rs.10.6 crore for the corresponding period of

the previous fiscal, Biocon said in a filing to BSE. Consolidated total income from operations rose to

Rs.954.1 crore for the quarter under consideration from Rs.796.2 crore in the same period a year ago.

Commenting on the development, Biocon Chairperson and MD Kiran Mazumdar-Shaw said: "Our

performance in Q2 FY17, was led by strong growth across Small Molecules, Biologics and Research

Services." Expansion of the company's biologics footprint in emerging markets and licensing agreements

boosted the revenue further, she added. "The acceptance of our proposed biosimilar Trastuzumab filing for

review by EMA was a critical milestone this quarter. This is our second filing in EU. The tentative USFDA

approval for Rosuvastatin calcium tablets heralds our entry into the US generics market," Mazumdar-Shaw

said. The company's long-term investments in R&D, manufacturing facility in Malaysia and clinical

advancement of its programmes will enable it to unlock greater value, going forward, she added. During the

quarter, Biocon's facilities in India successfully completed regulatory audits by international agencies like

USFDA and MCC South Africa, the company said. Suresh Subramanian was appointed as Senior Vice

President & Head of Branded Formulations- India business during the quarter, it added.

Syngene Q2 Net up 54% at Rs.75 crore (Rs.543, +7%)

Biocon's contract research arm Syngene International posted 54.02% rise in its net profit at Rs.74.7 crore

for the second quarter ended Sept 30, driven by discovery and R&D centre business verticals. The company,

which had posted a net profit of Rs.48.5 crore during the same period of the previous fiscal, also announced

acquisition of bio-informatics services of Strand Life Sciences along with a team of data scientists. Net sales

of the company rose to Rs.294.7 crore for the second quarter, as compared to Rs.256.1 crore during the

same period of previous fiscal, Syngene International said in a regulatory filing. "It has been a good quarter

for Syngene with top and bottom lines recording strong growth,' Syngene International CEO Jonathan Hunt

said. The company also signed a strategic collaboration with Amgen Inc for setting up a dedicated centre

that will have Syngene scientists working closely with Amgen's global scientific teams on small and large

molecule research, he added. The company also acquired the bio informatics assets of Strand Life Sciences

along with a team of data scientists which strengthens the company's data analytics capabilities and opens

6

new avenues for providing value added services to clients, Hunt said. Syngene, however, did not share

financial details.

7

Information of Bulk Deals – 20th Oct 2016 on BSE

Scrip name Name of Client BUY (B) / SELL (S)

Quantity Shares

Trade Price/ W Avg. Price

Arnavcorp Ashirwad Investments Private Limited S 37,87,000 3.92

Arnavcorp Kamleshbhai Kantibhai Lathigara S 19,39,000 3.96

Atharvent Suresh Kumar Jain S 9,04,958 3.78

Blfl Harshal Rajendrabhai Pandit S 68,440 26.99

Blfl Ila Jigneshkumar Vakharia S 66,834 26.99

Blfl Kalpesh Anilbhai Malvi B 73,000 26.96

Blfl Ketan Bhupendrakumar Bhow B 44,000 27

Blfl Panchal Binita Yasheshkumar . B 37,000 27

Blfl Rashidaben Rahimbhai Sanghi S 69,294 27

Bostontek Genuine Trade Solutions B 1,00,000 14.15

Bostontek Prasad J K S 1,00,000 14.15

Crowntours Subhadraben Rameshchandra Shah B 15,606 49.43

Diksat Amar Mukesh Shah B 90,000 40.6

Dqe Akg Finvest Limited B 8,30,000 28.47

Dra Anup M Shah B 1,00,000 19.2

Dra Bhavesh Premji Mamania B 60,000 19.2

Hcl-Insys Nina Puri S 18,25,703 55.45

Hcl-Insys Vireet Investments Pvt Limited B 18,25,703 55.45

Hisarmet Lamba Bricks Private Limited S 21,000 19.51

Igrl Guiness Securities Limited B 1,20,000 29.88

Igrl Kavita Shashi Choudhary S 1,00,000 29.71

Igrl Mahendrabhai Ramniklal Shah B 80,000 29.6

Igrl Union Oils Private Limited B 1,72,000 29.77

Marsons Babulal Sermal Huf B 1,53,000 18.78

Prismmedi Ram Narayan Nangalia Huf S 10,000 35.85

Sbl Anjani Atmaram Khemka S 8,04,651 1.2

Sbl Dinesh Sunder Shriyan S 3,34,462 1.22

Sbl Rajendra Kumar Gupta S 6,49,800 1.23

Sbl Swaroop Narain Agarwal S 5,00,000 1.21

Shivkrupa Dhara Pradipbhai Shah S 30,000 34.5

Starlite Solarcopyer Limited S 1,24,900 45

Suryamark Dhanlaxmi Builders And Developers Private Limited

S 16,00,000 5.54

Suryamark Gangadharesha A S B 1,61,321 5.56

Suryamark Saras Developers Private Limited S 15,80,000 5.55

Tirin Arcadia Share & Stock Brokers Pvt. Ltd S 56,000 46.01

Trilogic Rinku Vinod Bhanushali S 1,21,162 6.48

Udayjew Anisha Gupta B 1,00,000 15.75

Udayjew Cistro Telelink Limited S 1,45,000 15.75

Udayjew Mohit Gupta B 1,00,000 15.75

Unitint Sobha Subhadradeviamma S 53,500 10.43

8

Uvboards Remex Investment Pvt Ltd S 1,00,000 24.26

Vcu Hirani Sagar Pravinbhai S 99,000 13.3

Information Of Bulk Deals – 20th Oct 2016 On NSE

Scrip name Name of Client BUY (B) / SELL (S)

Quantity Shares

Trade Price/ W Avg. Price

Diamond Power Infra Ltd Vikas Coating Private Limited S 370509 59.1

Excel Realty N Infra Ltd Adhish Manakchand Rathod S 200000 47.85

Excel Realty N Infra Ltd Arcadia Share & Stock Brokers Private Limited S 200000 47.85

Excel Realty N Infra Ltd El Dorado Biotech Pvt Ltd B 210000 49.75

Excel Realty N Infra Ltd Fortune Broking Intermediary Private Limited S 210000 49.75

Excel Realty N Infra Ltd J G Securities Pvt Ltd B 300000 47.98

Karnataka Bank Limited Nomura Singapore Limited B 1379000 154.87

Nandani Creation Limited Chandreshkumar Girishchandra Shah S 20000 33.68

Nandani Creation Limited Mausmiben Chandrashkumar Shah S 20000 33.46

Nandani Creation Limited Piyush J Shah Huf B 40000 33.57

Orchid Pharma Limited Sicom Limited S 500000 37.41

Patel Engineering Limited Saravana Securities D.Sathyamoorthi B 510000 87.95

Patel Engineering Limited Saravana Stocks Private Limited S 510000 87.95

Pratibha Industries Limit Warhol Limited S 703315 16.16

R R Mohota Spg & Wvg M Vishwamurte Trad Invest Pe Ltd B 75768 71.5

R R Mohota Spg & Wvg M Vna Family Pvt Trust S 81081 71.5

Sunil Hitech Engr Ltd Gatsby Merchandise Private Limited B 110406 452.86

Sunil Hitech Engr Ltd Sodhamati Ratnakar Gutte S 207641 454.23

Supreme Tex Mart Limit Siva Balan Jaipal S 437718 5.92

Vardhman Polytex Limit Rlg Online Solutions Llp S 128347 86.08

Visagar Polytex Ltd Greatscope Traders Private Limited S 1563013 2.38

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

Bhansali Engineering Polymers Lt Jayesh B Bhansali 3970987 (2.39) 2,25,000 Acquisition (2.53) 20/10/2016

Maharashtra Seamless Ltd. Dharam Pal Jindal 138522 (0.20) 18,700 3992138.18 Acquisition 157222 (0.23) 14/10/2016

Maharashtra Seamless Ltd. Rachna Jindal 60735 (0.09) 13,300 2840582.48 Acquisition 74035 (0.11) 14/10/2016

Maharashtra Seamless Ltd. Raghav Jindal Huf 4472 (-) 15,600 3497963.11 Acquisition 20072 (0.03) 18/10/2016

Larsen & Toubro Ltd. Chandra Vipul 2250 (-) 1,125 1628370.00 Disposal 1125 (-) 18/10/2016

Larsen & Toubro Ltd. Falgun N Chokshi 18962 (-) 3,450 5183073.00 Disposal 15512 (-) 01/09/2016

Industrial Investment Trust Ltd. Nimbus India Ltd 2251727 (17.63) 22,500 1652400 Acquisition 2274227 (17.81) 19/10/2016

Associated Stone Inds (Kotah) Ltd Sanjay Seksaria 45000 (0.05) 15,826 303310 Disposal 29174 (0.03) 18/10/2016

Associated Stone Inds (Kotah) Ltd Sanjay Seksaria 29174 (0.03) 4,174 81287 Disposal 25000 (0.03) 19/10/2016

Bharat Bijlee Ltd. Anand J Danani 37852 (0.67) 7,800 6228829 Disposal 30052 (0.53) 17/10/2016

Bharat Bijlee Ltd. Anand J Danani 30052 (0.53) 3,200 2560402 Disposal 26852 (0.48) 17/10/2016

First Custodian Fund (India) Ltd. Manish Banthia 11824 (0.78) 3,080 41227.17 Acquisition 14904 (0.99) 06/10/2016

Jubilant Life Sciences Limited Rajneesh Kumar Gupta 4500 (-) 1,000 655104 Disposal 3500 (-) 17/10/2016



Rai Saheb Rekhchand Mohota S Vijay Kumar Mohota 243341 (1.66) 1,824 132400.00 Disposal 241514 (1.65) 18/10/2016

Rai Saheb Rekhchand Mohota S Vijay Kumar Mohota 241517 (1.65) 6,323 459700.00 Disposal 235194 (1.61) 19/10/2016

Rai Saheb Rekhchand Mohota S Vijay Kumar Mohota Huf 142000 (0.97) 4,774 355900.00 Disposal 137226 (0.94) 17/10/2016



Cg-Vak Software & Exports Ltd. S Latha 635177 (12.58) 2,000 64640.64 Acquisition 637177 (12.62) 17/06/2016


Cg-Vak Software & Exports Ltd. S Latha 642317 (12.72) 500 16679.29 Acquisition 642817 (12.73) 19/08/2016





10






Khandwala Securities Ltd. Piggero Investments Pvt Ltd 62214 (0.52) 75 1368.75 Acquisition (-) 18/10/2016

Khandwala Securities Ltd. Piggero Investments Pvt Ltd (-) 200 3650.00 Acquisition 62489 (0.52) 18/10/2016

Transport Corporation Of India Lt Ajit Singh 35394 (0.05) 2,324 413859.5 Disposal 33070 (0.04) 19/10/2016

Transport Corporation Of India Lt Kailash P Sonawane 12650 (0.02) 563 100777 Disposal (-) 19/10/2016

Transport Corporation Of India Lt Kailash P Sonawane (-) 4,000 722000 Disposal 8087 (0.01) 19/10/2016

Cera Sanitaryware Ltd. Sajan Kumar Pasari 245140 (1.88) 2,200 5644722 Disposal 242940 (1.87) 19/10/2016

Yes Bank Ltd. Rajat Grover 13700 (-) 1,000 1270000 Disposal 12700 (-) 18/10/2016

Sunil Hitech Engineers Ltd. Sudhamati Ratnakar Gutte 1537953 (8.14) 2,50,000 101727300 Disposal 1287953 (6.81) 17/10/2016

Sunil Hitech Engineers Ltd. Sudhamati Ratnakar Gutte 1287953 (6.81) 2,46,000 100655960 Disposal 1041953 (5.51) 18/10/2016

Sita Shree Food Products Ltd. Anoop Goyal 1143906 (4.11) 20,000 200193.23 Disposal 1123906 (4.03) 18/10/2016

Future Consumer Enterprise Ltd Arun Gupta 700000 (0.04) 7,00,000 14906882.27 Disposal (-) 19/10/2016

Prozone Intu Properties Limited Akhil Chaturvedi Family Trust 3626414 (2.38) 1,77,000 5673709.72 Disposal 3449414 (2.26) 17/10/2016

Bigbloc Construction Ltd Narayan S Saboo 954327 (6.74) 5,300 266571.99 Acquisition 959627 (6.78) 18/10/2016

Bigbloc Construction Ltd Madhu Narayan Saboo 852867 (6.02) 5,043 223668.35 Acquisition 857910 (6.06) 17/10/2016

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

Recommendations with “Neutral” Rating imply reversal of our earlier opinion (i.e. Book Profits / Losses).

** Indicates that the stock is illiquid With a view to combat the higher acquisition cost for illiquid stocks; we have enhanced our return criteria for such stocks by five percentage 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”

Disclaimer

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Limited. This Research Report is meant solely for use by the original recipient to whom it is sent and is not for circulation. Any unauthorized use,

disclosure or public dissemination or copying of information (either whole or partial) contained herein is prohibited.

This Report does not constitute a personal recommendation or take into account the particular investment objectives, financial situations, or

needs of individual clients. The recommendations, if any, made herein are expression of views and/or opinions and should not be deemed or

construed to be neither advice/offer for the purpose of purchase or sale of any securities mentioned herein. Past performance is not a guide for

future performance, future returns are not guaranteed. Opinions expressed herein are subject to change without notice. Investor should rely

on information/data arising out of their own investigations. Investors are advised to seek independent professional advice and arrive at an

informed trading/investment decision before executing any trades or making any investments. The price and value of the investments referred

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12

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accuracy, completeness, adequacy and reliability of such information / opinions / views. None of the directors, employees, affiliates or

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