Morning Call
Indices Close Previous Chg. % 17 December 2018
SENSEX 35,962.9 35,929.6 0.09%
NIFTY 10,805.5 10,791.6 0.13% Markets ended marginally higher
NIFTY 500 9,091.3 9,077.3 0.15% Indian benchmark indices ended marginally higher after a choppy session.
NIFTY MID 100 17,591.6 17,539.6 0.30% The mood was largely cautious due to weakness in Asian and European
markets amid rising concerns over global economic growth. TTM CY18E CY19E Nifty EPS 487 553 673 Data released by the Government showed that the rate of inflation based Nifty PE 22 20 16 on Wholesale Price Index eased to 4.64% in November from 5.28% a month earlier. November food inflation also saw a drop to -1.96% as Market depth Advance Decline T/O(bn) compared to -0.64%MoM. Food articles witnessed softening of prices NSE 795 898 293 BSE 1248 1313 24 with deflation at 3.31% in November, against 1.49% in October.
India trade deficit widened to USD 16.67 bn in November of 2018 from Spot Currency Close Previous Chg.% USD 15.1 bn a year earlier and slightly higher than market expectations of USD/INR 71.90 71.69 -0.30% USD 16.08 bn. EURO/INR 81.21 81.58 0.45% JPY/INR 0.63 0.63 -0.30% ` GBP/INR 90.41 90.71 0.33% G-Sec 10yr 7.44 7.41 -0.44% Industry Buzz
The revenue department has imposed anti-dumping duty for five years on
Net Invest 14 Dec MTD CYTD a Chinese chemical used in making detergents to guard domestic players
FII’s (US$mn) 125.3 -23305.8 -19803.2 from cheap imports from the neighbouring country. The duty in the range MF’s(us$mn) -44.0 43500.6 51340.0 of USD 163.90-207.72 per tonne of the chemical will remain in force for five years (unless revoked, superseded or amended earlier), said the Nifty Gainers Chg. % Nifty Losers Chg. % BHARTIARTL 5.25 HCLTECH -1.84 Central Board of Indirect Taxes and Customs (CBIC) in a notification. BPCL 3 JSWSTEEL -1.73 Housing sales are estimated to have increased by 25 % this year at 3.1 YESBANK 2.86 HDFC -1.67 lakh units in nine major cities of the country, driven by improved demand IOC 2.84 TITAN -1.65 COALINDIA 2.25 ZEEL -1.65 especially for affordable homes, according to PropTiger.com.
Auto companies have proposed a one-time incentive in the form of rebate FII Derivatives Buy (bn) Sell (bn) Net (bn) in taxes for replacing pre-2000 registered vehicles to facilitate taking them INDEX FUT 24 21 2 IND.OPTIONS 593 587 5 off the roads. STOCK FUT 124 120 4 ST. OPTIONS 70 68 1
Corporate Buzz SpiceJet is likely to join the global airlines' grouping the International Air Transport Association (IATA) as a member. The grouping has a membership of around 290 airlines that represent about 82 % of total air traffic. ONGC: The board meeting is scheduled on December 20 to consider the proposal for buyback of the fully paid-up equity shares of the company. The Government of India held 67.48 % shareholding in ONGC as of September 2018. BEML has pitched for indigenisation of at least six rakes of bullet train coaches in collaboration with its Japanese partner Hitachi. However, in joint negotiation meetings, Hitachi had indicated that if the project has to meet its rollout deadline of 2023, then indigenisation of not more than one bullet train rake could be possible.
Wipro’s arm ‘Topcoder’ gets into strategic partnership with Denmark based Saxo Bank to give digital solutions. Jet Airways: SBI orders forensic audit of Jet’s books for period between April 2014 and March 2018. Welspun is bullish on its new flooring venture to clock a turnover of INR 10bn in the next 3-4 years on the back of its new modular solutions. Welspun Flooring will offer stone polymer composite luxury performance tiles, carpet tiles, wall to wall carpets and artificial grass to begin with. Zydus Cadila has received approval from the US health regulator to market Albendazole Tablets, used in treating certain tapeworm infections, in the American market. It also received tentative approval from the USFDA for Pregabalin capsules, used to help control certain kinds of seizures. Infosys to divest stake in CloudEndure for USD 15.3 million or INR 1.1bn. The company in 2015 picked up minority stake in CloudEndure for USD 4 million. Vedanta: NGT has set aside the Tamil Nadu’s government order of closing its copper smelting plant. Tribunal found the order to be unsustainable and asked the state government to pass renewed offer of consent within 3 weeks. Alembic Pharma has raised INR 3.50bn through allotment of non-convertible debentures (NCDs) on private placement basis. TVS Motors announced the launch of three new products -- super-premium motorcycle TVS Apache RR 310, 125cc scooter TVS NTORQ 125 and motorcycle TVS Apache RTR 160 4V -- in the Peru market. Fortis Healthcare said the Supreme Court ordering a status quo on its deal with IHH Healthcare Berhad does not impact the company’s 31.1% stake sale to the Malaysian firm. However, this order could have a bearing on IHH’s proposed open offer to acquire additional 26% stake in Fortis. The open offer is scheduled to be launched from December 18 to January 1, 2019. The Government has proposed to merge three public sector general insurance companies -- National Insurance Company, Oriental Insurance Company and United India Insurance Company. As on March 31, 2017, the three companies together had more than 200 insurance products with a total premium of INR 414.61bn and a market share of around 35 %. ABB Ltd. is nearing an agreement to sell about 80 % of its power-grids unit to Hitachi Ltd. in a deal that would value the entire business at about USD 11 bn. Global Commentary The major European markets also moved to the downside on the day. While the French CAC 40 Index slumped by 0.9 %, the U.K.'s FTSE 100 Index and the German DAX Index both fell by 0.5 %. Stock Markets across the Asia-Pacific region moved notably lower during trading. Japan's Nikkei 225 Index plunged by 2 %, while Hong Kong's Hang Seng Index tumbled by 1.6 %. The Dow rose 70.11 points or 0.3% to 24,597.38, the Nasdaq fell 27.98 points or 0.4% to 7,070.33 and the S&P 500 edged down 0.53 points or less than a tenth of a% to 2,650.54. Global Macro Average prices of new homes in 70 Chinese cities rose by 9.3 %YoY in November of 2018, accelerating from a 8.6 % rise in the previous month. Business inventories in the United States increased 0.6 % MoM in October of 2018, following an upwardly revised 0.5 % rise in September and in line with market expectations. The IHS Markit US Composite PMI dropped to 53.6 in December 2018 from 54.7 in the previous month, a preliminary estimate showed. Outlook Benchmark indices are likely to open on a positive note.
NIFTY – Daily
Supports / Resistances S1 S2 R1 R2
NIFTY 10400 10000 11100 11400
Trading Range 10400 11100
Outlook:
In short term Nifty was in uptrend from 10900 levels and got resistance at 11800 levels and retraced to 10000 levels. We expect, in coming day’s Nifty will consolidate in the range of 10400 – 11000 levels.
BANK NIFTY – Daily
Supports / Resistances S1 S2 R1 R2
BANK NIFTY 25500 24800 27000 27600
Trading Range 25500 27000
Outlook:
In short term Bank Nifty was in uptrend from 26800 levels and got resistance around 28400 levels and retraced to 24200 levels. We expect, in coming day’s Bank Nifty will consolidate in the range of 25500 - 27000 levels.
S1 S2 PIVOT R1 R2
ADANIPORTS 367 365 369 371 373 Trading guidelines ASIANPAINT 1324 1306 1337 1355 1368 This model is based on the premise that the PIVOT is the most important AXISBANK 614 607 619 626 630 price level that decides the intraday trend. Much like how the door or a BAJAJ-AUTO 2782 2758 2810 2835 2862 BAJAJFINSV 6100 6047 6154 6207 6261 window hangs by a hinge and sways in the wind, the intraday trend also
BAJFINANCE 2461 2439 2487 2509 2534 hangs by this PIVOT LEVEL and swings because of the demand-supply, BHARTIARTL 305 291 319 333 347 volatility and market sentiments prevailing in the market. Hence its BPCL 336 324 343 354 361 importance in intraday trading. CIPLA 513 506 524 531 541
COALINDIA 246 240 248 254 257 Wait for the market price to stabilize after opening in the first 30 minutes
DRREDDY 2568 2547 2589 2610 2631 of trading. EICHERMOT 23375 22938 23588 24025 24237 Opening Price is considered around close of previous day. Avoid BUYING
GAIL 345 338 349 357 361 if prices open abnormally high and avoid selling if prices open too low. GRASIM 836 827 845 854 862 If the market price is stable above the pivot level after 20-30 minutes of HCLTECH 951 941 960 970 979 opening, then GO LONG and book profit near the resistant level (R1 & HDFC 1881 1861 1918 1938 1975
HDFCBANK 2080 2069 2099 2110 2129 R2)
HEROMOTOCO 3273 3228 3312 3357 3396 If the market price is stable below the pivot level after 20-30 minutes of HINDALCO 218 215 220 223 226 opening, then GO SHORT and book profit near the support level (S1 & S2) HINDPETRO 223 219 226 231 234
HINDUNILVR 1844 1822 1855 1877 1888
IBULHSGFIN 770 746 784 808 822 Stop loss ICICIBANK 349 346 351 353 356
INDUSINDBK 1596 1581 1605 1620 1628 Since you are aware of the 'potential returns' at the time of initiating an intraday
INFRATEL 249 246 251 255 257 trade (difference between the entry price and profit targets), you should set up
INFY 697 686 705 716 724 an appropriate STOP LOSS around 1% above / below of the trade price or a level IOC 140 139 141 143 144 comfortable to you, to protect yourself if the market turns and goes against you. ITC 274 272 276 278 279
JSWSTEEL 288 285 294 298 304 KOTAKBANK 1244 1233 1258 1269 1283 Alternate strategy LT 1399 1390 1414 1422 1437 M&M 751 745 757 763 770 If you have already initiated a trade with clear-cut profit targets and a stop loss
MARUTI 7604 7503 7647 7748 7791 level, and find during the course of the trading day that the market turns and
NTPC 142 138 143 146 147 goes the other way and crosses the TREND LEVEL, then trade again: For instance, ONGC 141 136 146 151 156 if your first trade was a LONG trade and the market price drops through the POWERGRID 182 178 184 188 190 TREND LEVEL to lower price levels, then GO SHORT and if your first trade was a RELIANCE 1098 1084 1107 1122 1130 SHORT trade and the market price rises through the TREND LEVEL to higher price SBIN 287 285 289 291 293 SUNPHARMA 416 412 421 425 430 levels, then GO LONG. TATAMOTORS 165 163 167 169 170 TATASTEEL 508 502 513 519 524 S1, S2 are the immediate support levels. TCS 1977 1964 1988 2001 2012 R1, R2 are the immediate resistance levels. TECHM 705 699 711 717 723 TITAN 917 911 934 940 958 ULTRACEMCO 3964 3935 4004 4033 4073 UPL 757 749 767 775 785 VEDL 199 196 201 204 206 WIPRO 330 326 336 340 347 YESBANK 173 164 177 186 191 ZEEL 479 474 487 492 500
Valuation Matrix - MidCaps & SmallCaps Sales PAT EBIDTA Mk. Dividend Target (INR (INR EPS EPS Growth (%) P/E PEG Margin PAT Margin (%) RoE (%) EV/EBIDTA EV/Sales Price/Book CMP Cap Yield (%) Company Name Price bn) bn) (%) (INR) Reco (USD (INR) bn) CAGR FY19E FY19E FY19E FY20E FY19E FY20E FY18-20E FY19E FY20E FY20E FY19E FY20E FY19E FY20E FY19E FY20E FY19E FY20E FY19E FY20E FY19E FY20E FY19E FY20E Amara Raja 734.6 827 OP 1.8 70.7 5.1 30.4 37.6 10.2 23.8 16.8 24.2 19.5 0.8 13.9 14.8 7.3 7.9 16.4 17.7 12.7 10.4 1.8 1.5 3.7 3.2 0.7 0.8
ARVIND 99.9 151.9 BUY 0.4 107.1 3.8 13.6 16.6 49.7 22.1 17.6 7.4 6.0 0.3 9.3 9.8 3.2 3.7 10.1 11.9 5.1 4.3 0.5 0.4 0.6 0.6 3.2 4.0
AU Small Finance 631.9 732 BUY 2.6 18.8 4.1 13.7 20.2 33.4 47.3 40.2 46.2 31.3 0.7 - - 21.7 23.6 15.0 16.2 - - - - 5.9 4.6 0.1 0.1
Balkrishna Indus 936.3 1051 OP 2.6 55.4 9.2 48.0 57.0 25.6 18.7 22.4 19.5 16.4 0.9 28.4 29.3 16.8 17.3 20.4 20.4 11.5 9.5 3.3 2.9 3.7 3.1 0.7 0.9
Berger paints 323.2 317 MP 4.5 57.5 2.2 5.3 6.4 18.6 21.8 16.3 61.3 50.3 2.3 15.0 15.7 8.8 9.4 22.6 24.6 36.3 29.9 5.5 4.7 - - 0.6 0.8
CEAT 1310.8 1760 BUY 0.8 70.2 3.2 81.7 97.2 11.3 18.9 28.5 16.0 13.5 0.7 10.4 11.4 4.9 5.0 12.4 13.0 7.9 6.3 0.8 0.7 1.9 1.7 0.9 1.0
City Union Bank 179.0 205 BUY 1.9 21.6 6.9 9.7 11.5 20.3 17.8 17.3 18.4 15.6 0.9 - - 31.9 32.7 15.4 15.6 - - - - 2.7 2.3 0.3 0.4
Cyient 649.0 811 BUY 1.0 47.4 4.8 42.4 50.7 16.2 19.6 18.6 15.3 12.8 0.7 14.1 14.5 10.1 10.5 19.0 20.1 9.7 8.2 1.4 1.2 2.8 2.5 2.4 2.7
DCB Bank 162.0 213 BUY 0.7 15.4 3.1 10.1 13.2 26.1 30.2 28.1 16.0 12.3 0.4 - - 20.3 21.9 11.0 12.7 - - - - 1.7 1.5 0.6 0.6
Dewan Housing 216.7 286 BUY 1.0 30.7 13.5 42.1 50.1 12.7 18.9 16.1 5.1 4.3 0.2 - - 44.1 30.5 13.6 14.0 - - - - 0.7 0.6 2.4 2.7
Emami 436.3 556 BUY 2.8 27.8 5.4 12.1 14.3 78.7 18.4 45.5 36.1 30.5 1.7 28.4 28.7 19.3 19.5 23.8 25.9 25.4 22.2 7.2 6.4 9.0 8.2 1.1 1.3
Escorts 664.8 1055 BUY 1.2 59.2 4.7 47.2 47.2 13.4 15.2 6.5 14.1 14.1 0.9 11.1 11.1 0.1 0.1 18.6 18.6 10.5 10.5 1.2 1.1 2.6 2.2 0.5 0.6
Gabriel 131.9 169 BUY 0.3 21.1 1.1 7.9 9.2 20.9 15.5 18.2 16.6 14.4 0.9 9.6 9.9 5.4 5.6 19.2 19.1 9.1 7.8 0.9 0.8 3.1 2.7 1.3 1.3
Geojit 43.1 41 MP 0.1 3.2 0.5 2.3 3.2 -25.3 39.1 1.8 18.7 13.5 0.3 33.0 34.5 16.9 19.8 7.0 9.0 7.3 5.9 2.4 2.0 - - - -
Greaves Cotton 124.0 163 BUY 0.4 19.6 0.9 7.6 8.7 -21.2 14.1 2.5 16.3 14.3 1.0 14.6 14.8 9.5 9.8 18.2 19.2 10.2 8.9 1.5 1.3 3.0 2.7 4.2 4.3
Havells India 711.5 644 OP 6.4 96.9 8.4 13.6 16.3 20.0 21.7 24.1 52.5 43.6 2.0 12.9 13.3 8.7 9.1 21.2 22.3 34.2 28.9 4.4 3.9 10.6 9.4 0.7 0.9
Heidelberg 157.9 202 BUY 0.5 21.2 2.1 9.2 11.0 56.9 19.7 37.0 17.1 14.3 0.7 21.6 22.0 9.8 10.9 18.1 19.0 8.5 7.7 1.8 1.7 3.0 2.6 1.7 1.9
Hexaware Tech 328.1 386 BUY 1.4 45.8 6.0 19.9 21.7 18.4 8.9 13.7 16.5 15.1 1.7 16.1 16.4 13.0 12.4 27.7 26.8 12.2 10.3 2.0 1.7 4.2 3.7 2.5 2.8
Indian Bank 240.2 304 BUY 1.6 94.4 11.5 23.7 46.1 -9.8 95.0 30.0 10.2 5.2 0.1 - - 12.2 20.5 6.3 11.7 - - - - 0.7 0.6 2.8 3.7
JK Cements 734.0 884 BUY 0.7 50.0 2.7 43.0 53.2 42.5 23.9 13.4 17.1 13.8 0.6 15.3 16.2 6.3 6.7 13.8 15.2 9.1 7.6 1.4 1.2 2.2 1.9 1.3 1.3
JK Lakshmi cement 280.1 347 BUY 0.5 38.0 0.8 8.2 20.3 15.6 145.7 107.9 34.0 13.8 0.1 11.6 13.2 2.6 4.5 6.4 11.6 10.6 8.4 1.2 1.1 2.2 2.0 0.4 0.6
Kajaria 445.0 528 BUY 1.0 29.6 2.3 14.4 18.0 -2.7 24.9 10.2 30.9 24.8 1.0 15.2 16.0 7.8 - 15.9 17.5 15.7 13.2 2.4 2.1 4.7 4.1 0.8 1.0
Kaveri Seed 590.0 639 BUY 0.6 8.5 2.1 34.5 39.5 -5.0 14.2 11.9 17.1 15.0 1.0 26.8 27.0 24.7 27.0 21.5 23.2 14.6 12.9 3.9 3.6 3.7 3.2 1.3 1.4
KEC International 290.1 372 BUY 1.1 115.6 5.2 20.3 24.6 13.2 21.4 17.2 14.3 11.8 0.6 10.3 10.3 4.5 4.7 22.7 22.3 8.8 7.6 0.9 0.8 3.0 2.5 0.9 1.0
KPIT Tech 215.3 277 BUY 0.6 44.2 3.5 17.7 20.4 33.3 15.8 24.8 12.2 10.5 0.7 13.2 13.2 8.0 8.3 16.8 16.9 6.7 6.0 0.9 0.8 2.0 1.7 1.4 1.6
KVB 83.7 87 MP 1.0 34.0 3.9 4.8 10.9 5.6 128.1 55.2 17.5 7.7 0.1 - - - - 6.0 12.8 - - - - 1.0 0.9 1.5 2.8
LVB 86.9 80 MP 0.3 - -2.7 -10.0 -0.4 -130.9 126.1 -88.1 -8.7 -217.3 -1.7 - - - - -12.5 -0.9 - - - - 2.1 2.1 - -
LIC Housing Fin 462.7 496 BUY 3.3 43.8 23.9 45.1 51.7 14.5 14.5 13.8 10.3 9.0 0.6 - - 52.0 51.8 16.4 16.2 - - 39.7 34.5 1.6 1.4 1.7 1.9
Lumax Ind 1694 2360 BUY 0.2 20.61 0.8 89.6 127.5 32.4 42.3 29.2 18.9 13.3 0.3 8.1 9.1 4.0 4.7 22.5 26.5 10.1 8.0 0.8 0.7 4.1 3.3 1.3 1.7
Mindtree 867.9 1103 BUY 2.0 70.4 7.6 46.4 54.1 21.7 19.5 25.5 18.7 16.0 0.8 15.6 16.2 10.9 11.1 25.2 25.2 12.3 10.3 1.9 1.7 4.5 3.7 1.7 2.1
MINDA Industries 332.1 460 BUY 1.2 59.7 3.5 13.4 16.5 -5.3 0.8 17.5 24.8 20.1 24.2 12.3 12.5 5.9 6.2 22.2 22.8 13.2 11.1 1.6 1.4 5.1 4.2 0.7 0.9
Motherson Sumi 166.4 165 OP 7.5 658.9 21.6 7.0 9.2 101.8 57.4 35.1 23.8 18.0 0.3 9.4 10.2 3.3 3.8 21.2 24.3 10.8 8.7 1.0 0.9 4.8 4.1 1.5 1.8
NIIT - Tech 1139.2 1316 OP 1.0 36.6 4.2 68.2 78.9 49.4 15.7 31.5 16.7 14.4 0.9 17.7 17.9 11.4 11.4 21.2 21.5 9.8 8.3 1.7 1.5 3.5 2.9 1.7 1.8
ORIENT CEMENT 80.1 108 BUY 0.2 25.2 0.3 1.7 4.6 -21.3 173.4 46.7 47.1 17.2 0.1 11.3 13.2 1.2 3.0 3.4 8.8 10.6 8.1 1.2 1.1 1.6 1.5 - -
Page Indus. 24092.6 22848 SELL 3.8 29.9 2.0 389.4 475.1 25.2 22.0 23.6 61.9 50.7 2.3 22.4 22.9 14.6 15.0 46.5 46.9 39.6 32.4 8.9 7.4 26.3 20.9 0.9 0.9
Persistent System 613.1 750 MP 0.7 34.9 3.7 46.4 53.3 14.9 14.9 14.9 13.2 11.5 0.8 17.0 17.2 10.7 11.1 16.6 17.0 6.8 6.0 1.1 1.0 2.1 1.8 2.0 2.4
PI Indus 840.7 941 BUY 1.7 27.9 4.1 29.8 36.6 10.9 21.0 17.1 28.2 22.9 1.1 20.9 21.5 14.7 15.4 19.4 20.3 19.6 15.9 4.1 3.5 5.1 4.3 0.6 0.7
RANE HOLDINGS LTD 1214.6 1865 BUY 0.2 26.0 1.4 96.3 127.5 49.0 24.0 18.2 12.6 9.5 0.4 11.6 11.8 5.3 6.2 13.7 15.6 9.9 7.8 0.9 0.8 - - - -
RBL Bank 577.8 594 BUY 3.5 44.9 8.8 20.4 27.2 35.1 32.9 31.1 28.3 21.3 0.6 30.8 32.9 19.7 20.5 12.3 14.2 - - - - 3.3 2.7 0.5 0.7
RELIANCE HOME 40.3 66 BUY 0.3 7.2 2.3 4.7 6.3 33.0 - 5.9 8.6 6.4 - - - 31.7 33.3 13.1 14.8 - - 20.8 16.5 1.0 0.8 - -
Repco Home Fin 350.9 458 BUY 0.3 4.9 2.4 38.8 44.3 17.7 14.3 13.5 9.0 7.9 0.6 - - 48.9 48.7 16.6 16.2 - - 19.4 17.0 1.4 1.2 0.8 0.9
Shriram City Union 1562.3 1950 BUY 1.5 40.5 9.2 134.8 159.8 33.7 18.6 23.9 11.6 9.8 0.5 - - 21.9 22.7 15.2 15.8 - - 7.2 6.3 1.7 1.5 1.4 1.6
SIB 15.5 22 BUY 0.4 28.5 2.7 1.5 2.8 -19.4 88.2 22.9 10.4 5.5 0.1 - - 9.6 15.4 5.2 9.1 - - - - 0.5 0.5 2.7 3.3
Solar Industries 1064.5 1179 BUY 1.4 23.8 2.6 28.9 37.5 18.5 30.0 24.1 36.9 28.4 0.9 21.0 21.1 10.8 11.3 21.1 23.1 20.3 16.3 4.3 3.4 7.6 6.4 0.5 0.6
Somany Ceramics 313.6 469 BUY 0.2 17.9 0.5 11.9 19.8 -31.2 66.2 9.2 26.3 15.8 0.2 8.6 10.0 2.8 4.0 8.3 12.9 12.0 8.9 1.0 0.9 2.1 1.9 0.9 1.2
Supreme Industries 1095.2 1241 BUY 2.0 57.5 4.8 38.1 44.2 12.0 18.3 14.1 28.8 24.8 1.4 15.1 15.2 8.4 8.5 23.8 24.0 16.0 13.9 2.5 2.2 6.4 5.6 1.4 1.5
Trident 65.0 81 BUY 0.5 50.7 3.7 7.3 8.4 36.9 15.7 25.9 8.9 7.7 0.5 19.1 19.6 7.2 7.8 11.8 12.4 5.2 4.7 1.0 0.9 1.0 0.9 2.0 2.5
TTK Prestige 7873.4 6240 MP 1.3 21.4 1.9 161.7 190.7 12.3 12.3 -8.4 48.7 41.3 3.4 13.6 14.0 8.8 9.0 18.0 17.9 30.3 25.9 4.2 3.6 8.0 7.1 0.6 0.7
TVS Motor 570.0 552 OP 3.9 180.8 8.0 16.1 21.0 15.6 30.5 23.8 35.4 27.1 0.9 8.2 8.9 4.2 4.8 23.9 25.9 19.1 15.3 1.6 1.4 7.9 6.5 0.7 0.8
V-Guard Ind. 217.2 198 OP 1.3 26.2 1.8 4.2 5.5 34.5 30.1 31.6 51.6 39.7 1.3 9.3 10.2 6.8 7.6 22.1 24.0 37.4 29.5 3.5 3.0 10.6 8.8 0.5 0.6
VA Tech Wabag 259.2 321 MP 0.2 36.4 1.5 27.1 33.1 12.8 21.8 17.2 9.6 7.8 0.4 8.4 8.8 4.1 4.4 12.1 13.6 5.8 5.0 0.5 0.4 1.1 1.0 2.3 2.5
Vinati Organics 1675.4 1730 BUY 1.2 10.4 2.3 45.6 57.0 63.0 25.1 42.9 36.7 29.4 1.2 34.0 33.2 22.5 21.8 23.8 23.5 24.1 19.0 8.2 6.3 8.5 6.7 0.4 0.4
Zensar Tech 240.1 288 BUY 0.8 38.8 3.3 14.8 17.8 37.6 20.7 28.8 16.3 13.5 0.7 13.3 14.3 8.6 9.1 18.6 19.7 9.9 8.0 1.3 1.1 1.3 1.1 1.9 2.2
Note : OP - Outperformer, MP - Marketperformer, UP - Underperformer
#NII (Net Interest Income)
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