Institutional Equity Research NIFTY 14697 IN FOCUS May 14 2021 Support 14623 in Focus MARKET LENS 14549 Intraday Pick TATACHEM Resistance 14797 Intraday Pick AMARAJABAT 14898 Intraday Pick ACC

EQUITY INDICES

Indices Absolute Change Percentage Change Domestic Last Trade Change 1-D 1-Mth YTD BSE Sensex 48,691 0.0 0.0% (0.2%) 2.0% CNX Nifty 14,697 (154.3) (1.0%) 0.8% 5.1% S&P CNX 500 12,538 (104.3) (0.8%) 2.5% 8.9% SENSEX 50 15,401 0.0 0.0% 0.9% 5.2%

International Last Trade Change 1-D 1-Mth YTD DJIA 34,021 433.8 1.3% (0.0%) 11.2% NASDAQ 13,125 93.3 0.7% (6.5%) 1.8% NIKKEI 27,839 391.0 1.4% (6.1%) 1.4% HANGSENG 27,774 58.6 0.1% (3.6%) 1.9%

ADRs / GDRs Last Trade Change 1-D 1-Mth YTD Dr. Reddy’s Lab (ADR) 72.5 1.1 1.5% 13.1% 1.8% STOCK IN FOCUS (ADR) 21.7 0.3 1.2% 7.4% 71.9% f Castrol India continued with its superlative performance driven (ADR) 17.9 0.0 0.2% (0.7%) 5.5% by revival in auto sales and healthy replacement demand. In ICICI Bank (ADR) 16.2 0.2 1.5% 5.3% 8.8% continuance with its strategy to protect its margins, the company HDFC Bank (ADR) 69.5 1.1 1.6% (2.8%) (3.8%) hiked the prices in Apr’21 for its business. Despite hike in (GDR) 46.5 (0.4) (0.9%) 4.3% 9.9% Price in Jan’21, volume stood at ~61mn litres (up 62% YoY and 17% Reliance Ind (GDR) 51.9 (0.1) (0.1%) (0.1%) (5.1%) QoQ). The automotive segment continued to account for ~85% of COMMODITY MARKET volume (within automotive personal mobility is ~40%), while the Key Commodities Last Trade Change 1-D 1-Mth YTD non-automotive segment accounted for the rest. Expansion in the Brent Crude ($/bl) 66.7 (0.3) (0.4%) (0.3%) 28.8% number of Jio-BP retail outlets (expected to 5,000+ sites) over the Silver ($/Oz) 27.1 0.0 0.1% 4.2% 2.1% next couple of years would also prove beneficial for CSTRL, aiding the Gold ($/Oz) 1,823.9 (0.2) 0.0% 3.3% (4.0%) company in strengthening its network. We expect Castrol to report a Copper LME ($/MT) 10,335.8 44.5 0.4% 11.0% 33.2% volume CAGR of 13% over CY20-CY23E Aluminium LME ($/MT) 2,469.0 14.5 0.6% 5.7% 24.7%

f No Adverse Impact of electric vehicles, conventional fuel to stay CURRENCY RATES relevant in medium-term, base oil market dynamic to remain Last Trade Change 1-D 1-Mth YTD unchanged and foray into car care market in partnership with 3M USD/INR 73.6 0.06 0.1% (2.1%) 0.5% India are the key medium-term catalyst for the stock. EUR/INR 89.3 (0.22) (0.3%) (0.8%) (0.8%) f Castrol’s valuation is inexpensive compared to FMCG majors RATES thereby recommending to buy with a 2-Year target price of Last Trade Change 1-D 1-Mth YTD Rs.169. T-Bill - 91 D 3.4 0.01 0.00 0.02 0.10 10 Year G-sec Yield 6.0 0.00 0.00 (0.02) 0.02 Intraday Picks TATACHEM (PREVIOUS CLOSE: 722) BUY INVESTMENT ACTIVITY (RS. CR) For today’s trade, long position can be initiated in the range of Rs712- Category BUY SELL NET Prev 706 for the target of Rs750 with a strict stop loss of Rs689. FII 5,312 6,572.6 (1,260.6) (336) DII 5,372.3 6,076.6 (704.4) (676.7) AMARAJABAT (PREVIOUS CLOSE: 803) BUY For today’s trade, long position can be initiated in the range of Rs796- EXCHANGE TURNOVER 790 for the target of Rs824 with a strict stop loss of Rs774. Exchange Rs Crore BSE Equity 6,661.3 ACC (PREVIOUS CLOSE: 1,883) SELL BSE Derivatives 3,24,924.8 For today’s trade, short position can be initiated in the range of Rs1,884- NSE Equity 85,404.6 1,894 for the target of Rs1,820 with a strict stop loss of Rs1,922. NSE Derivatives 80,06,586.1

1 Institutional Equity Research NIFTY 14697 IN FOCUS May 14 2021 Support 14623 Stock in Focus CASTROL INDIA MARKET LENS 14549 Intraday Pick TATACHEM Resistance 14797 Intraday Pick AMARAJABAT 14898 Intraday Pick ACC

Technical Research

MARKET SYNOPSIS f On Wednesday, NSE-NIFTY witnessed sharp decline post a dull start and after a minor rebound extended loss subsequently. Finally, the index finished trade at 14,697-level, with cut of 154 points. f NSE Cash segment reported turnover of Rs85,405 crore as compared to Rs82,102 crore reported earlier. f Overall market breadth turned negative, where 890 advanced against 1,091 declined stocks. f Mix trend was observed across sectoral indices during the day, where once again PSU Bank emerged as a top gainer with the increase of 3.2%. On the other hand, Metal index emerged as a top loser with the decrease of 3%.

NSE-NIFTY OUTLOOK f We believe NSE-NIFTY will remain in pressure and could move towards its 100-day SMA initially and May’21 low subsequently, which are placed at 14,542-level and 14,416-level, respectively. On Wednesday, continuing its prior daily falling trend, the index tested its short-term and medium-term moving averages (i.e. 20-day and 50-day EMAs, respectively) and witnessed minor recovery. The key technical indicators on the near-term timeframe chart are negatively poised. In case of rebound, the index will major hurdle at 15,000-level. f As for the day, support is placed at around 14,623 and then at 14,549 levels, while resistance is observed at 14,797 and then at 14,898 levels.

2 Institutional Equity Research NIFTY 14697 IN FOCUS May 14 2021 Support 14623 Stock in Focus CASTROL INDIA MARKET LENS 14549 Intraday Pick TATACHEM Resistance 14797 Intraday Pick AMARAJABAT 14898 Intraday Pick ACC Derivatives Snapshot f NIFTY50 opened sharply lower on back of weak global cues, and remained negative throughout the day to close near the low point. Nifty closed down by 154 points at 14,696 levels. Among the nifty stocks 15 advanced and 35 declined during the day. f Among sectors there was positive momentum in Auto, Media & PSU Banks to gain by 0.5% and 3.2% respectively while Banks and Metals declined by 2% average for the day. f Broader market indices remained negative with NIFTY 100, 200 and 500 to close down by 0.8% average while midcap indices and small cap indices declined by 1% for the day. f Nifty May futures end with 12 points premium at 14,709 mark while on other hand, Bank Nifty May futures ended with the premium of 63 points at 32,515 mark. f Nifty has reversed from the resistance of 15,000 levels and we expect further weakness if we break 14,500 levels on the downside.

Sectoral Activity: Amongst sectoral index Banks and Metals remained in focus with negative momentum. Stock Activity: ICICI Bank and JSW Steel have witnessed long unwinding in today’s trade.

3 Institutional Equity Research NIFTY 14697 IN FOCUS May 14 2021 Support 14623 Stock in Focus CASTROL INDIA MARKET LENS 14549 Intraday Pick TATACHEM Resistance 14797 Intraday Pick AMARAJABAT 14898 Intraday Pick ACC Pivot Table Name LTP Support 2 Support 1 Pivot Resistance 1 Resistance 2 SENSEX 48691 48184 48437 48804 49058 49425 NIFTY 14697 14549 14623 14723 14797 14898 BANKNIFTY 32452 32122 32287 32517 32683 32913 ADANIPORTS 752 732 742 757 767 782 ASIANPAINT 2556 2499 2528 2558 2587 2617 AXISBANK 691 679 685 695 702 712 BAJAJ-AUTO 3875 3821 3848 3874 3901 3927 BAJAJFINSV 11088 10883 10985 11155 11258 11428 BAJFINANCE 5358 5265 5312 5376 5422 5487 BHARTIARTL 562 552 557 563 568 574 BPCL 449 433 441 455 463 476 BRITANNIA 3440 3385 3412 3429 3456 3472 899 874 886 897 909 919 COALINDIA 154 147 150 155 158 163 DIVISLAB 4061 3998 4030 4077 4108 4155 DRREDDY 5301 5240 5271 5305 5336 5370 EICHERMOT 2456 2413 2435 2460 2482 2507 GAIL 161 155 158 162 165 169 GRASIM 1412 1377 1395 1426 1443 1474 HCLTECH 906 889 898 903 912 917 HDFC 2439 2391 2415 2431 2455 2472 HDFCBANK 1400 1379 1389 1399 1409 1419 HDFCLIFE 669 660 665 669 673 678 HEROMOTOCO 2840 2795 2817 2838 2860 2881 HINDALCO 399 379 389 403 413 427 HINDUNILVR 2329 2284 2306 2348 2370 2412 ICICIBANK 595 585 590 598 603 612 INDUSINDBK 917 891 904 927 940 964 INFY 1327 1308 1318 1324 1333 1339 IOC 103 100 101 104 106 108 ITC 203 201 202 204 205 206 JSWSTEEL 708 675 691 717 733 759 KOTAKBANK 1719 1691 1705 1729 1743 1768 LT 1385 1348 1367 1396 1415 1444 M&M 760 746 753 762 769 779 MARUTI 6818 6626 6722 6781 6877 6936 NESTLEIND 16718 16494 16606 16732 16844 16969 NTPC 113 109 111 114 116 119 ONGC 115 109 112 117 120 124 POWERGRID 226 216 221 228 233 240 RELIANCE 1913 1892 1902 1918 1928 1944 SBILIFE 973 950 962 981 993 1012 SBIN 368 356 362 368 374 379 SHREECEM 26833 26314 26574 27012 27272 27710 SUNPHARMA 703 691 697 706 712 721 TATAMOTORS 326 307 317 326 335 344 TATASTEEL 1179 1113 1146 1196 1230 1280 TCS 3088 3043 3065 3093 3115 3142 TECHM 962 937 950 963 976 990 TITAN 1455 1413 1434 1447 1468 1481 ULTRACEMCO 6389 6297 6343 6417 6463 6536 UPL 692 670 681 692 703 714 508 494 501 512 518 529

4 Institutional Equity Research NIFTY 14697 IN FOCUS May 14 2021 Support 14623 Stock in Focus CASTROL INDIA MARKET LENS 14549 Intraday Pick TATACHEM Resistance 14797 Intraday Pick AMARAJABAT 14898 Intraday Pick ACC Simple Moving Average Scrip Name Close Rate 20-SMA 50-SMA 100-SMA 200-SMA HIGH_52WEEK LOW_52WEEK SENSEX 48691 48728 49442 49214 44781 52517 29968 NIFTY 14697 14621 14732 14565 13218 15432 8807 BANKNIFTY 32452 32432 33511 33202 28870 37709 17105 ADANIPORTS 752 745 738 640 501 885 291 ASIANPAINT 2556 2569 2504 2540 2296 2873 1483 AXISBANK 691 692 707 693 595 799 333 BAJAJ-AUTO 3875 3767 3735 3751 3390 4361 2450 BAJAJFINSV 11088 10517 10006 9677 8151 11549 3985 BAJFINANCE 5358 5113 5209 5208 4459 5822 1783 BHARTIARTL 562 546 537 548 516 623 394 BPCL 449 424 435 419 404 482 292 BRITANNIA 3440 3550 3547 3549 3622 4010 3080 CIPLA 899 910 848 837 794 966 571 COALINDIA 154 133 137 138 131 163 110 DIVISLAB 4061 3923 3682 3681 3435 4205 2090 DRREDDY 5301 5101 4733 4854 4812 5513 3614 EICHERMOT 2456 2413 2523 2616 2429 3037 1286 GAIL 161 141 141 136 116 166 81 GRASIM 1412 1374 1377 1219 983 1475 494 HCLTECH 906 936 963 958 874 1067 506 HDFC 2439 2481 2513 2565 2264 2896 1486 HDFCBANK 1400 1417 1470 1476 1332 1641 826 HDFCLIFE 669 679 692 691 647 746 464 HEROMOTOCO 2840 2848 3033 3153 3080 3629 1991 HINDALCO 399 372 352 307 248 428 114 HINDUNILVR 2329 2397 2330 2322 2240 2506 1955 ICICIBANK 595 591 592 580 494 679 286 INDUSINDBK 917 896 958 954 801 1120 330 INFY 1327 1350 1356 1318 1179 1478 653 IOC 103 92 95 95 89 107 71 ITC 203 204 209 211 198 239 163 JSWSTEEL 708 683 549 470 384 773 162 KOTAKBANK 1719 1757 1806 1862 1677 2049 1110 LT 1385 1353 1406 1399 1188 1593 792 M&M 760 778 806 803 719 952 367 MARUTI 6818 6639 6858 7257 7095 8329 4681 NESTLEIND 16718 16773 16776 17230 16905 18844 15100 NTPC 113 104 106 102 96 117 78 ONGC 115 107 109 103 89 122 64 POWERGRID 226 215 217 209 193 238 153 RELIANCE 1913 1940 2019 1998 2051 2369 1393 SBILIFE 973 944 916 901 868 1045 694 SBIN 368 350 364 341 276 428 149 SHREECEM 26833 28476 28389 26868 24274 32048 18000 SUNPHARMA 703 657 626 613 563 722 434 TATAMOTORS 326 302 309 282 211 357 80 TATASTEEL 1179 1018 869 768 602 1247 262 TCS 3088 3117 3111 3097 2808 3354 1872 TECHM 962 976 986 984 889 1082 502 TITAN 1455 1479 1487 1496 1351 1621 810 ULTRACEMCO 6389 6378 6551 6117 5228 7056 3281 UPL 692 620 619 567 520 703 336 WIPRO 508 485 447 432 375 529 178 ZEEL 194 202 211 213 199 261 129

5 Institutional Equity Research NIFTY 14697 IN FOCUS May 14 2021 Support 14623 Stock in Focus CASTROL INDIA MARKET LENS 14549 Intraday Pick TATACHEM Resistance 14797 Intraday Pick AMARAJABAT 14898 Intraday Pick ACC Bulk Deals Snapshot Deal Date Scrip Code Company Client Name Deal Type* Quantity Price 12/05/2021 532628 3IINFOTECH TOPGAIN FINANCE PRIVATE LIMITED B 8,529,661 8.96 12/05/2021 532628 3IINFOTECH TOPGAIN FINANCE PRIVATE LIMITED S 4,117,178 8.93 12/05/2021 539570 ACEWIN SIVAKUMARAN S 163,200 7.23 12/05/2021 524640 ARCHITORG SWETSAM STOCK HOLDING PRIVATE LIMITED B 100,000 32.00 12/05/2021 524640 ARCHITORG PATEL SANJAYKUMAR RAMESHBHAI S 100,000 32.00 12/05/2021 539304 CANOPYFIN AKTA GOENKA S 50,000 22.30 12/05/2021 532175 CYIENT CYIENT ASSOCIATE STOCK OPTION SCHEME 2021 TRUST B 600,000 769.97 12/05/2021 531739 GENNEX JAIKARNI HOLDINGS PVT LTD B 850,000 7.39 12/05/2021 531739 GENNEX GLADIATOR VYAPAAR PRIVATE LIMITED B 1,250,000 7.38 12/05/2021 531739 GENNEX SAHARSH YARN PRIVATE LIMITED S 3,000,000 7.39 12/05/2021 531979 HINDALUMI KANJI PITAMBER FOREX PVT LTD S 38,938 38.83 12/05/2021 539679 KAPILRAJ RAM SINGH PAWARIYA B 99,950 10.00 12/05/2021 539679 KAPILRAJ RITA KISHOR BHIMJIYANI S 100,000 10.00 12/05/2021 531328 KRETTOSYS RUPAL BHAVIN SHAH B 98,000 6.36 12/05/2021 540386 ONTIC VAISHALIBEN RAJESHBHAI MODI B 84,219 3.43 12/05/2021 540386 ONTIC VARSHABEN RAJNIKANT SHAH S 230,720 3.43 12/05/2021 540386 ONTIC DEEPAL PRAVINBHAI SHAH HUF B 55,000 3.43 12/05/2021 540198 OSIAJEE ACVC FOREX PRIVATE LIMITED B 460 24.65 12/05/2021 540198 OSIAJEE ACVC FOREX PRIVATE LIMITED S 52,495 24.93 12/05/2021 540175 REGENCY VEENA MITTAL S 53,468 13.65 12/05/2021 540175 REGENCY AHMED ABDUL QADER S 23,700 12.15 12/05/2021 540175 REGENCY INDERJEET KAUR WADHWA B 80,715 13.22 12/05/2021 539026 SSPNFIN ASHOK KUMAR SINGH B 24,000 9.09 12/05/2021 539026 SSPNFIN ASHOK KUMAR SINGH B 32,000 9.23 12/05/2021 539026 SSPNFIN ESPS FINSERVE PRIVATE LIMITED S 32,000 9.13 12/05/2021 540570 VARIMAN VISWAM SEEDS PRIVATE LIMITED B 146,980 34.00 12/05/2021 539222 VMV ASHOK KUMAR SINGH B 37,500 8.97 12/05/2021 539222 VMV ESPS FINSERVE PRIVATE LIMITED S 37,500 8.92 12/05/2021 539222 VMV SUNIL KUMAR SINGH B 15,000 8.92 12/05/2021 539222 VMV SUNIL KUMAR SINGH S 30,000 8.98 12/05/2021 539222 VMV ASHOK KUMAR SINGH S 45,000 8.99 12/05/2021 539222 VMV JAY YAGNESH MEHTA B 52,500 9.00

*B - Buy, S - Sell, ** = Weighted Average Trade Price / Trade Price 6 Institutional Equity Research NIFTY 14697 IN FOCUS May 14 2021 Support 14623 Stock in Focus CASTROL INDIA MARKET LENS 14549 Intraday Pick TATACHEM Resistance 14797 Intraday Pick AMARAJABAT 14898 Intraday Pick ACC

Monthly Economic Calendar

Date Country Event Period Survey Prior 14-05-2021 India India Wholesale Price Index Al APR - 7.39 14-05-2021 United States Adjusted Retail & Food Service APR 0.20 9.70 14-05-2021 United States Adjusted Retail Sales Less Aut APR 0.60 8.40 14-05-2021 United States Adjusted Retail Sales Less Aut APR - 8.20 14-05-2021 United States Retail Sales Less Food Service APR - 6.90 14-05-2021 United States US Import Price Index by End U APR - 1.20 14-05-2021 United States US Import Price Index by End U APR - 6.90 14-05-2021 United States US Industrial Production MOM S APR 1.77 1.44 14-05-2021 United States US Capacity Utilization % of T APR 75.03 74.39 14-05-2021 United States US Industrial Production Indus APR - 2.70 14-05-2021 United States US Manufacturing & Trade Inven MAR 0.00 0.50 17-05-2021 Canada Canada Mortgage and Housing Co APR - 335.20 17-05-2021 United States US Empire State Manufacturing MAY - 26.30 17-05-2021 United States National Association of Home B MAY - 83.00 18-05-2021 United States US Foreign Net Transactions MAR - 4.21 18-05-2021 United States US Treasury International Capi MAR - 72.64 20-05-2021 United States Philadelphia Fed Business Outl MAY - 50.20 20-05-2021 United States Conference Board US Leading In APR - 1.30 21-05-2021 United States US Existing Homes Sales SAAR APR - 6.01 21-05-2021 United States US Existing Homes Sales MoM SA APR - -3.69 25-05-2021 United States S&P CoreLogic Case-Shiller 20- MAR 1.09 1.17 25-05-2021 United States S&P CoreLogic Case-Shiller 20- MAR 11.71 11.94 25-05-2021 United States S&P CoreLogic Case-Shiller 20- MAR - 246.04 25-05-2021 United States FHFA US House Price Index Purc MAR 1.01 0.90 25-05-2021 United States Richmond Manufacturing Survey MAY 22.85 17.00 25-05-2021 United States Conference Board Consumer Conf MAY 112.70 121.70 27-05-2021 United States GDP US Chained 2012 Dollars Qo 1Q S 6.79 6.40 27-05-2021 United States GDP US Personal Consumption Ch 1Q S 10.37 10.70 27-05-2021 United States US GDP Price Index QoQ SAAR 1Q S 2.83 4.10 27-05-2021 United States US GDP Personal Consumption Co 1Q S 2.32 2.30 27-05-2021 United States US Pending Home Sales Index Mo APR 4.51 1.92 27-05-2021 United States US Pending Home Sales Index Yo APR 29.23 25.30 27-05-2021 United States Kansas City Federal Reserve SA MAY - 31.00 01-06-2021 United States Dallas Fed Manufacturing Outlo MAY 30.19 37.30 16-06-2021 United States Federal Funds Target Rate - Up JUN 16 0.25 0.25

7 Institutional Equity Research NIFTY 14697 IN FOCUS May 14 2021 Support 14623 Stock in Focus CASTROL INDIA MARKET LENS 14549 Intraday Pick TATACHEM Resistance 14797 Intraday Pick AMARAJABAT 14898 Intraday Pick ACC

Corporate Actions Company Name Ex-Date Purpose Uniply Industries Limited 14-May-21 Annual General Meeting Oracle Financial Services Software Limited 17-May-21 Interim Dividend - Rs 200 Per Share GOVERNMENT OF INDIA 17-May-21 Interest Payment Visaka Industries Limited 18-May-21 Annual General Meeting/Dividend - Rs 10 Per Share Sundram Fasteners Limited 18-May-21 Interim Dividend - Rs 3.40 Per Share ABB Power Products and Systems India Limited 19-May-21 Annual General Meeting/Dividend - Rs 2 Per Share Automotive Stampings and Assemblies Limited 20-May-21 Annual General Meeting GOVERNMENT OF INDIA 20-May-21 Interest Payment GOVERNMENT OF INDIA 20-May-21 Interest Payment GOVERNMENT OF INDIA 20-May-21 Interest Payment Mindspace Business Parks REIT 20-May-21 Distribution

Result Calendar Company name Board Meeting Date Purpose Just Dial Limited 14-May-21 Financial Results/Other business matters Cholamandalam Financial Holdings Limited 14-May-21 Dividend Texmaco Rail & Engineering Limited 14-May-21 Financial Results/Dividend/Other business matters The Anup Engineering Limited 14-May-21 Financial Results/Dividend Indigo Paints Limited 14-May-21 Financial Results Vimta Labs Limited 14-May-21 Financial Results/Dividend Cipla Limited 14-May-21 Financial Results/Dividend HIL Limited 14-May-21 Financial Results/Dividend Limited 14-May-21 Financial Results Larsen & Toubro Limited 14-May-21 Financial Results/Dividend Menon Bearings Limited 14-May-21 Financial Results Oberoi Realty Limited 14-May-21 Financial Results Automotive Axles Limited 14-May-21 Financial Results/Dividend Onward Technologies Limited 14-May-21 Financial Results/Dividend 14-May-21 Financial Results/Dividend/Other business matters Aditya Birla Capital Limited 14-May-21 Financial Results Indigo Paints Limited 14-May-21 Financial Results TV Today Network Limited 14-May-21 Financial Results/Dividend SKF India Limited 14-May-21 Financial Results/Dividend Welspun India Limited 14-May-21 Financial Results/Dividend/Buyback Rossari Biotech Limited 14-May-21 Financial Results/Dividend Dr. Reddy's Laboratories Limited 14-May-21 Financial Results/Dividend Gokaldas Exports Limited 14-May-21 Financial Results Monte Carlo Fashions Limited 14-May-21 Financial Results/Dividend TV Today Network Limited 14-May-21 Financial Results/Dividend Texmaco Infrastructure & Holdings Limited 14-May-21 Financial Results/Dividend/Other business matters

8 Institutional Equity Research NIFTY 14697 IN FOCUS May 14 2021 Support 14623 Stock in Focus CASTROL INDIA MARKET LENS 14549 Intraday Pick TATACHEM Resistance 14797 Intraday Pick AMARAJABAT 14898 Intraday Pick ACC

Result Calendar Company name Board Meeting Date Purpose Mindspace Business Parks REIT 14-May-21 Dividend Greenpanel Industries Limited 14-May-21 Financial Results Cholamandalam Financial Holdings Limited 14-May-21 Financial Results Oberoi Realty Limited 14-May-21 Dividend/Fund Raising Limited 14-May-21 Financial Results DRC Systems India Limited 14-May-21 Financial Results/Other business matters Vaishali Pharma Limited 14-May-21 Financial Results/Other business matters Limited 14-May-21 Financial Results/Dividend Ginni Filaments Limited 14-May-21 Financial Results Jindal Stainless Limited 14-May-21 Financial Results Macrotech Developers Limited 14-May-21 Financial Results Privi Speciality Chemicals Limited 14-May-21 Financial Results/Dividend Kesoram Industries Limited 14-May-21 Financial Results/Fund Raising IRB InvIT Fund 15-May-21 Financial Results Jayant Agro Organics Limited 15-May-21 Financial Results/Dividend Geojit Financial Services Limited 15-May-21 Financial Results/Dividend/Other business matters Jayant Agro Organics Limited 15-May-21 Financial Results/Dividend Bhageria Industries Limited 15-May-21 Financial Results/Dividend/Other business matters Texmaco Rail & Engineering Limited 15-May-21 Fund Raising/Other business matters AYM Syntex Limited 15-May-21 Financial Results Tasty Bite Eatables Limited 15-May-21 Financial Results/Dividend Aarti Drugs Limited 15-May-21 Financial Results Mangalore Chemicals & Fertilizers Limited 15-May-21 Financial Results/Dividend Kirloskar Industries Limited 15-May-21 Financial Results/Dividend DCM Nouvelle Limited 15-May-21 Financial Results Ramkrishna Forgings Limited 15-May-21 Financial Results/Dividend Quick Heal Technologies Limited 15-May-21 Financial Results/Dividend Trident Limited 15-May-21 Financial Results/Dividend/Other business matters Limited 17-May-21 Financial Results Colgate Palmolive (India) Limited 17-May-21 Financial Results 17-May-21 Fund Raising Indian Overseas Bank 17-May-21 Fund Raising Butterfly Gandhimathi Appliances Limited 17-May-21 Financial Results Gujarat Narmada Valley Fertilizers and Chemicals Limited 17-May-21 Financial Results/Dividend Rane Brake Lining Limited 17-May-21 Financial Results/Dividend Gland Pharma Limited 17-May-21 Financial Results Orient Cement Limited 17-May-21 Financial Results/Dividend Subex Limited 17-May-21 Financial Results/Dividend Garden Reach Shipbuilders & Engineers Limited 17-May-21 Financial Results/Dividend Colgate Palmolive (India) Limited 17-May-21 Financial Results The Limited 17-May-21 Financial Results/Dividend Advanced Research Company Limited 17-May-21 Financial Results 3i Infotech Limited 17-May-21 Financial Results 9 Institutional Equity Research NIFTY 14697 IN FOCUS May 14 2021 Support 14623 Stock in Focus CASTROL INDIA MARKET LENS 14549 Intraday Pick TATACHEM Resistance 14797 Intraday Pick AMARAJABAT 14898 Intraday Pick ACC

Guided Allocation Towards Research Products Product Max. Allocation Number Frequency Call Duration Allocation (%) in 1 stock (%) of Calls Trading Products Intraday 30 25-30 3-4 stocks Daily Daily Positional Calls/weekly calls/BTST 30 15-20 6-7 stocks Weekly Fortnightly TradEdge 15 25-50 2 stocks Fortnightly Monthly Option Strategies 15 10-20 2 stocks Weekly Weekly Cash 10 Total 100

Product Max. Allocation Number Frequency Call Duration Allocation (%) in 1 stock (%) of Calls Investment Products Rsec Model Portfolio 25 10 8-10 stocks Monthly Half Yearly Stock In Focus 25 5 1 stock Daily Quarterly Fundamental Calls 25 5 10 Quarterly Yearly Initiating Coverage 20 10 As and When Yearly Cash 5 Total 100

10 Institutional Equity Research NIFTY 14697 IN FOCUS May 14 2021 Support 14623 Stock in Focus CASTROL INDIA MARKET LENS 14549 Intraday Pick TATACHEM Resistance 14797 Intraday Pick AMARAJABAT 14898 Intraday Pick ACC

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None of RSL, research analysts, or their relatives had any known direct /indirect material conflict of interest including any long/short position(s) in any specific security on which views/opinions have been made in this Report, during its preparation. RSL’s Associates may have other potential/material conflict of interest with respect to any recommendation and related information and opinions at the time of publication of research report. RSL, its Associates, the research analysts, or their relatives might have financial interest in the issuer company(ies) of the said securities. RSL or its Associates may have received a compensation from the said issuer company(ies) in last 12 months for the brokerage or non brokerage services.RSL, its Associates, the research analysts or their relatives have not received any compensation or other benefits directly or indirectly from the said issuer company(ies) or any third party in last 12 months in any respect whatsoever for preparation of this report.

The research analysts has served as an officer, director or employee of the said issuer company(ies)?: No RSL, its Associates, the research analysts or their relatives holds ownership of 1% or more, in respect of the said issuer company(ies).?: No

Copyright: The copyright in this Report belongs exclusively to RSL. This Report shall only be read by those persons to whom it has been delivered. No reprinting, reproduction, copying, distribution of this Report in any manner whatsoever, in whole or in part, is permitted without the prior express written consent of RSL. RSL’s activities were neither suspended nor have defaulted with any with whom RSL is registered. Further, there does not exist any material adverse order/judgments/strictures assessed by any regulatory, government or public authority or agency or any law enforcing agency in last three years. Further, there does not exist any material enquiry of whatsoever nature instituted or pending against RSL as on the date of this Report. Important These disclaimers, risks and other disclosures must be read in conjunction with the information / opinions / views of which they form part of. RSL CIN: U65990MH2005PLC154052. SEBI registration no. (Stock : INZ000172433, Depository Participants: CDSL IN-DP-257-2016 IN-DP- NSDL-363-2013, Research Analyst: INH000002384); AMFI ARN No.29889.

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