Institutional Equity Research NIFTY 14497 IN FOCUS May 05 2021 Support 14398 in Focus ENGINEERS MARKET LENS 14299 Intraday Pick LT Resistance 14659 Intraday Pick PFC 14822 Intraday Pick WIPRO

EQUITY INDICES

Indices Absolute Change Percentage Change Domestic Last Trade Change 1-D 1-Mth YTD BSE Sensex 48,253.5 (465.0) -1.0% -1.8% 1.1% CNX Nifty 14,496.5 (137.7) -0.9% -1.0% 3.7% S&P CNX 500 12,300.5 (94.8) -0.8% 0.0% 6.8% SENSEX 50 15,179.7 (143.6) -0.9% -0.9% 3.7%

International Last Trade Change 1-D 1-Mth YTD DJIA 34,133.0 19.8 0.1% 1.8% 11.5% NASDAQ 13,633.5 (261.6) -1.9% -0.5% 5.8% NIKKEI 28,812.6 (241.3) -0.8% -3.5% 5.0% HANGSENG 28,594.6 37.4 0.1% -1.2% 5.0%

ADRs / GDRs Last Trade Change 1-D 1-Mth YTD Dr. Reddy’s Lab (ADR) 69.1 (1.4) -2.0% 11.2% -3.1% STOCK IN FOCUS Tata Motors (ADR) 19.5 (0.2) -1.0% -7.0% 54.4% f Engineers India (ENGR), a Navratna public sector undertaking (PSU), Infosys (ADR) 18.1 (0.1) -0.5% -6.5% 6.8% has emerged as a market leader in Indian hydrocarbon space with ICICI Bank (ADR) 16.0 (0.4) -2.3% 0.8% 7.4% strong expertise in designing, engineering and implementation. HDFC Bank (ADR) 69.2 (0.6) -0.9% -8.8% -4.2% (GDR) 46.9 (0.6) -1.3% -4.3% 10.8% f It has built 20 out of 23 refineries in India, while it is the market Reliance Ind (GDR) 51.9 (2.3) -4.2% -6.5% -5.2% leader in petrochemical space by establishing 10 out of 11 mega complexes. COMMODITY MARKET Key Commodities Last Trade Change 1-D 1-Mth YTD f Its current order book, which stands at Rs95.5bn (3x of FY20 revenue), Brent Crude ($/bl) 69.6 0.7 1.1% 12.0% 34.4% provides promising revenue visibility for next couple of years. Silver ($/Oz) 26.6 0.1 0.4% 7.0% 0.8% f We believe strong track record in consultancy of complex and high- Gold ($/Oz) 1,781.6 2.6 0.1% 3.1% -6.1% value projects, debt-free status, negative working capital cycle and Copper LME ($/MT) 9,966.8 137.8 1.4% 13.3% 28.6% beneficiary of large government projects put ENGR in a sweet spot. Aluminium LME ($/MT) 2,430.7 23.2 1.0% 10.3% 23.2% f ENGR has healthy cash to the tune of Rs26bn on book, out of which CURRENCY RATES Rs1bn is cash advances from the clients, and the balance Rs25bn is Last Trade Change 1-D 1-Mth YTD accrued cash. USD/INR 73.9 73.9 -0.1% 0.8% 1.1% f Immense sectoral growth potential, huge capex in hydrocarbon EUR/INR 88.7 89.1 -0.5% 3.0% -1.2% space, asset-light business model, foray into newer segments, and debt-free balance-sheet augur well for the company. We have BUY RATES rating on the stock with a Target Price of Rs100. Last Trade Change 1-D 1-Mth YTD T-Bill - 91 D 3.3 3.3 0.0% 1.2% 10.0% 10 Year G-sec Yield 6.0 6.0 0.2% -2.4% 2.6% Intraday Picks LT (PREVIOUS CLOSE: 1338) SELL INVESTMENT ACTIVITY (RS. CR) For today’s trade, short position can be initiated in the range of Rs Category BUY SELL NET Prev 13505-1360 for the target of Rs. 1320 with a strict stop loss of Rs 1372. FII 5,849.0 7,621.4 (1,772.4) (2,289.5) DII 4,952.6 3,965.3 987.3 552.9 PFC (PREVIOUS CLOSE: 108) BUY For today’s trade, long position can be initiated in the range of Rs 106- EXCHANGE TURNOVER 107 for the target of Rs.110 with a strict stop loss of Rs 105. Exchange Rs Crore BSE Equity 5,963.5 WIPRO (PREVIOUS CLOSE: 482) SELL BSE Derivatives 3,28,095.6 For today’s trade, short position can be initiated in the range of Rs 486- NSE Equity 79,049.0 490 for the target of Rs. 474 with a strict stop loss of Rs 492. NSE Derivatives 37,28,946.9

1 Institutional Equity Research NIFTY 14497 IN FOCUS May 05 2021 Support 14398 Stock in Focus ENGINEERS INDIA MARKET LENS 14299 Intraday Pick LT Resistance 14659 Intraday Pick PFC 14822 Intraday Pick WIPRO

Technical Research

MARKET SYNOPSIS f On Tuesday, NSE-NIFTY rose to 14,723-level post gap-up opening, but later witnessed sharp decline and slipped below 14,600-level. Later, despite corresponding bounce back the index failed to hold higher levels and finally, surrendered down. In the late trades, the index once again witnessed sharp decline and slipped to 14,462-level. f Finally, NIFTY shut the shop at 14,497-level, with cut of 138 points. f NSE Cash segment reported turnover of Rs79,049 crore as compared to Rs70,782 crore reported earlier. f Overall market breadth turned negative, where 803 advanced against 1073 declined stocks. f Negative trend was observed across sectoral indices during the day barring PSU Bank (rose by 3.4%), where Pharma emerged as a top loser with the decrease of 2%. However rest of the sectoral indices reported loss in between 0.1% and 0.9%.

NSE-NIFTY OUTLOOK f Yesterday, NSE-NIFTY resumed its southward journey post a stable start and tested its 100-day SMA during the day. The index lost 14,500-level and given confirmation on bearish continuation pattern as it closed below the second candle of in neck pattern. The key technical indicators on the near-term timeframe chart reversed down after testing their threshold level during the day and are negatively poised. Reiterating our bearish view, we believe the index will remain in pressure. On the lower side, the index will find major support at 14,250-level. However, in case of rebound, the index will face hurdle at around 14,800-level. f As for the day, support is placed at around 14,398 and then at 14,299 levels, while resistance is observed at 14,659 and then at 14,822 levels.

2 Institutional Equity Research NIFTY 14497 IN FOCUS May 05 2021 Support 14398 Stock in Focus ENGINEERS INDIA MARKET LENS 14299 Intraday Pick LT Resistance 14659 Intraday Pick PFC 14822 Intraday Pick WIPRO Derivatives Snapshot f NIFTY50 opened higher on back of positive global cues but failed to cross the resistance levels and declined sharply in the last one hour of trade. Nifty closed down by 138 points at 14,496 levels. Among the nifty stocks 16 advanced and 34 declined during the day. f Among sectors except for PSU Banks to gain by 3.5% there was profit booking in Pharma, Metals and IT to decline 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 0.4% for the day. f Nifty May futures end with 53 points premium at 14,549 mark while on other hand, Bank Nifty May futures ended with the premium of 152 points at 32,422 mark. f Nifty has failed to cross the 20 day average and breakdown of 14,500 levels will trigger a sharp selloff in high beta sectors and stocks. On the higher side multiple resistance are placed at 14,950-15,050 levels.

Sectoral Activity: Amongst sectoral index Pharma and Metals remained in focus with negative momentum. Stock Activity: Cipla and Jindal Steel have witnessed long unwinding in today’s trade.

3 Institutional Equity Research NIFTY 14497 IN FOCUS May 05 2021 Support 14398 Stock in Focus ENGINEERS INDIA MARKET LENS 14299 Intraday Pick LT Resistance 14659 Intraday Pick PFC 14822 Intraday Pick WIPRO Pivot Table Name LTP Support 2 Support 1 Pivot Resistance 1 Resistance 2 SENSEX 48254 47619 47936 48466 48784 49314 NIFTY 14497 14299 14398 14560 14659 14822 BANKNIFTY 32270 31671 31971 32491 32791 33311 ADANIPORTS 769 748 759 770 780 792 ASIANPAINT 2587 2546 2566 2592 2613 2639 AXISBANK 700 685 693 706 713 726 BAJAJ-AUTO 3830 3772 3801 3844 3874 3917 BAJAJFINSV 10986 10679 10833 11026 11180 11373 BAJFINANCE 5616 5452 5534 5642 5724 5832 BHARTIARTL 552 536 544 555 563 574 BPCL 421 412 417 423 428 434 BRITANNIA 3436 3397 3417 3439 3459 3481 CIPLA 878 852 865 889 902 926 COALINDIA 133 130 131 134 135 137 DIVISLAB 3985 3876 3931 4017 4071 4157 DRREDDY 5067 4946 5007 5115 5175 5283 EICHERMOT 2368 2320 2344 2380 2405 2441 GAIL 144 134 139 142 147 151 GRASIM 1416 1378 1397 1423 1442 1468 HCLTECH 901 889 895 905 911 921 HDFC 2377 2334 2356 2395 2417 2457 HDFCBANK 1388 1359 1373 1398 1413 1438 HDFCLIFE 668 656 662 671 677 687 HEROMOTOCO 2777 2735 2756 2788 2809 2841 HINDALCO 363 344 353 369 378 394 HINDUNILVR 2408 2353 2381 2399 2427 2445 ICICIBANK 592 577 584 596 603 615 INDUSINDBK 910 888 899 917 928 945 INFY 1329 1305 1317 1336 1348 1367 IOC 91 90 91 92 93 94 ITC 200 197 198 200 202 204 JSWSTEEL 715 695 705 721 732 748 KOTAKBANK 1733 1702 1717 1741 1756 1779 LT 1338 1320 1329 1340 1349 1360 M&M 741 713 727 745 759 777 MARUTI 6508 6380 6444 6546 6611 6713 NESTLEIND 16547 16276 16411 16516 16651 16756 NTPC 104 102 103 104 105 107 ONGC 110 107 108 109 111 112 POWERGRID 218 214 216 219 221 224 RELIANCE 1917 1875 1896 1932 1953 1989 SBILIFE 983 914 949 977 1011 1039 SBIN 352 342 347 355 360 368 SHREECEM 27753 27218 27486 27799 28066 28379 SUNPHARMA 645 628 636 651 659 674 TATAMOTORS 289 281 285 292 297 304 TATASTEEL 1064 1040 1052 1069 1081 1098 TCS 3050 3003 3027 3058 3082 3113 TECHM 960 948 954 962 968 976 TITAN 1403 1378 1391 1412 1425 1446 ULTRACEMCO 6296 6195 6246 6335 6386 6475 UPL 611 584 598 622 635 659 WIPRO 482 472 477 483 488 493

4 Institutional Equity Research NIFTY 14497 IN FOCUS May 05 2021 Support 14398 Stock in Focus ENGINEERS INDIA MARKET LENS 14299 Intraday Pick LT Resistance 14659 Intraday Pick PFC 14822 Intraday Pick WIPRO Simple Moving Average Scrip Name Close Rate 20-SMA 50-SMA 100-SMA 200-SMA HIGH_52WEEK LOW_52WEEK SENSEX 48254 48781 49642 49027 44434 52517 29968 NIFTY 14497 14596 14753 14487 13106 15432 8807 BANKNIFTY 32270 32292 33895 33063 28559 37709 17105 ADANIPORTS 769 758 727 622 488 885 262 ASIANPAINT 2587 2584 2485 2537 2271 2873 1483 AXISBANK 700 681 712 687 587 799 333 BAJAJ-AUTO 3830 3690 3752 3717 3364 4361 2428 BAJAJFINSV 10986 10012 9881 9546 8008 11300 3985 BAJFINANCE 5616 4944 5214 5170 4394 5822 1783 BHARTIARTL 552 537 539 545 516 623 394 BPCL 421 418 433 416 404 482 292 BRITANNIA 3436 3651 3537 3564 3634 4010 2992 CIPLA 878 899 838 829 788 966 566 COALINDIA 133 129 137 137 131 163 110 DIVISLAB 3985 3815 3617 3658 3381 4147 2090 DRREDDY 5067 4945 4651 4841 4778 5513 3614 EICHERMOT 2368 2435 2540 2620 2415 3037 1286 GAIL 144 136 139 134 114 158 81 GRASIM 1416 1372 1352 1188 958 1473 485 HCLTECH 901 973 965 956 866 1067 505 HDFC 2377 2486 2544 2556 2246 2896 1486 HDFCBANK 1388 1423 1488 1475 1324 1641 826 HDFCLIFE 668 685 696 690 646 746 464 HEROMOTOCO 2777 2862 3106 3172 3078 3629 1990 HINDALCO 363 358 343 298 241 384 114 HINDUNILVR 2408 2406 2303 2317 2237 2506 1955 ICICIBANK 592 579 595 574 487 679 286 INDUSINDBK 910 892 972 953 789 1120 330 INFY 1329 1375 1348 1308 1166 1478 647 IOC 91 90 95 95 89 105 71 ITC 200 207 210 212 198 239 158 JSWSTEEL 715 636 509 448 368 740 162 KOTAKBANK 1733 1758 1826 1869 1664 2049 1110 LT 1338 1363 1423 1389 1175 1593 792 M&M 741 784 818 801 714 952 367 MARUTI 6508 6653 6919 7318 7073 8329 4681 NESTLEIND 16547 16960 16730 17306 16921 18844 15100 NTPC 104 103 105 102 96 115 78 ONGC 110 104 108 102 88 122 64 POWERGRID 218 212 218 208 192 238 153 RELIANCE 1917 1956 2035 2003 2052 2369 1393 SBILIFE 983 917 903 893 865 1005 694 SBIN 352 347 369 336 271 428 149 SHREECEM 27753 29418 28394 26671 24110 32048 18000 SUNPHARMA 645 636 616 606 557 667 434 TATAMOTORS 289 301 310 274 205 357 80 TATASTEEL 1064 933 814 735 578 1087 262 TCS 3050 3165 3098 3077 2781 3354 1865 TECHM 960 989 986 981 878 1082 502 TITAN 1403 1508 1486 1495 1338 1621 810 ULTRACEMCO 6296 6480 6536 6037 5151 7056 3276 UPL 611 614 605 555 514 674 336 WIPRO 482 462 437 423 368 512 178 ZEEL 194 202 211 213 199 261 129

5 Institutional Equity Research NIFTY 14497 IN FOCUS May 05 2021 Support 14398 Stock in Focus ENGINEERS INDIA MARKET LENS 14299 Intraday Pick LT Resistance 14659 Intraday Pick PFC 14822 Intraday Pick WIPRO Bulk Deals Snapshot Deal Date Scrip Code Company Client Name Deal Type* Quantity Price 04/05/2021 543236 ATAM RITESH JAIN B 24,000 39.99 04/05/2021 539800 CHDCHEM STANISLAUSMARTINVIVEKALOYSIUS B 78,416 11.90 04/05/2021 542727 CPML CHETNA DEEPAK MEHTA B 24,000 15.55 04/05/2021 542727 CPML PROFICIENT MERCHANDISE LIMITED S 20,000 15.55 04/05/2021 531739 GENNEX GLADIATOR VYAPAAR PRIVATE LIMITED B 1,000,000 6.10 04/05/2021 531739 GENNEX SAHARSH YARN PRIVATE LIMITED S 2,404,506 6.10 04/05/2021 531739 GENNEX PRAGYA MERCANTILE PVT LTD B 1,775,000 6.10 04/05/2021 542332 HIKLASS RATAN LAL S 87,950 6.30 04/05/2021 542332 HIKLASS RAVI OMPRAKASH AGRAWAL B 87,950 6.30 04/05/2021 541627 HITECHWIND JITENDRABHAI JAGDISHBHAI PARMAR B 24,759 6.20 04/05/2021 541627 HITECHWIND JITENDRABHAI JAGDISHBHAI PARMAR S 500 6.62 04/05/2021 541627 HITECHWIND VAISHALIBEN RAJESHBHAI MODI S 51,347 6.78 04/05/2021 541627 HITECHWIND VORA BHAVNABEN HITESHBHAI S 35,000 6.24 04/05/2021 541627 HITECHWIND VEENA KANTILAL CHAWALLA S 124,753 6.80 04/05/2021 543286 JETMALL SHAREACCOUNT NA B 30,000 19.70 04/05/2021 543286 JETMALL SHAREACCOUNT NA S 30,000 17.72 04/05/2021 524000 MAGMA LAVENDER INVESTMENTS LIMITED S 15,101,431 115.13 04/05/2021 524000 MAGMA TRUE NORTH FUND V LLP S 23,312,434 111.06 04/05/2021 524000 MAGMA SMC REAL ESTATE ADVISORS PRIVATE LIMITED B 3,611,366 112.98 04/05/2021 524000 MAGMA SMC REAL ESTATE ADVISORS PRIVATE LIMITED S 273,808 118.08 04/05/2021 524000 MAGMA DB (INTL) OWN TRADING B 1,629,997 116.70 04/05/2021 524000 MAGMA DB (INTL) OWN TRADING S 498,428 118.75 04/05/2021 524000 MAGMA MANSI SHARE & STOCK ADVISORS PRIVATE LIMITED B 2,136,672 116.40 04/05/2021 524000 MAGMA MANSI SHARE & STOCK ADVISORS PRIVATE LIMITED S 661,637 117.42 04/05/2021 524000 MAGMA KUWAIT INVESTMENT AUTHORITY B 1,790,000 111.05 04/05/2021 524000 MAGMA NIPPON INDIA B 5,000,000 111.05 04/05/2021 524000 MAGMA ADITYA BIRLA SUN LIFE MUTUAL FUND B 2,000,000 111.05 04/05/2021 524000 MAGMA ADITYA BIRLA SUN LIFE MUTUAL FUND B 2,250,000 111.05 04/05/2021 511549 MORARKFI ANMOL SEKHRI CONSULTANTS PRIVATE LIMITED B 24,234 44.59 04/05/2021 543282 NIKSTECH SHERWOOD SECURITIES PVT LTD B 3,000 207.00 04/05/2021 504335 PAZEL ROHANSHARMA S 973,671 .22 04/05/2021 539273 PECOS GAYATRI RATHI B 11,000 20.95 04/05/2021 539273 PECOS GANNAYAK SALES PRIVATE LIMITED S 11,000 20.95 04/05/2021 501351 RAPIDIN SOLUTION COMMERCIALS INDIA PVT LTD B 21,000 31.40 04/05/2021 501351 RAPIDIN PALLAVI SYNTHETICS PVT LTD S 21,000 31.40 04/05/2021 500366 ROLTA TOPGAIN FINANCE PRIVATE LIMITED B 165,092 4.20 04/05/2021 500366 ROLTA TOPGAIN FINANCE PRIVATE LIMITED S 1,000,000 4.20 04/05/2021 534618 SAREL HARSHIL KOTHARI S 199,000 60.05 04/05/2021 539526 SCTL RAMA SHIVA LEASE FINANCE PRIVATE LIMITED . S 1,998,000 .42 04/05/2021 540259 SHANGAR OLGA TRADING PRIVATE LIMITED B 89,812 12.77 04/05/2021 540259 SHANGAR OLGA TRADING PRIVATE LIMITED S 68,798 12.60 04/05/2021 538920 SPACEAGE NAVAL KISHORE LOYA HUF S 16,000 43.05 04/05/2021 539026 SSPNFIN ESPS FINSERVE PRIVATE LIMITED B 24,000 10.20 04/05/2021 539026 SSPNFIN ESPS FINSERVE PRIVATE LIMITED S 24,000 10.10 04/05/2021 539026 SSPNFIN ASHOK KUMAR SINGH B 36,000 10.16 04/05/2021 539026 SSPNFIN SUNIL KUMAR SINGH S 28,000 10.02

*B - Buy, S - Sell, ** = Weighted Average Trade Price / Trade Price 6 Institutional Equity Research NIFTY 14497 IN FOCUS May 05 2021 Support 14398 Stock in Focus ENGINEERS INDIA MARKET LENS 14299 Intraday Pick LT Resistance 14659 Intraday Pick PFC 14822 Intraday Pick WIPRO

Monthly Economic Calendar

Date Country Event Period Survey Prior 05-05-2021 Hong Kong Markit Hong Kong PMI SA APR - 50.50 05-05-2021 United States MBA US US Mortgage Market Inde APR 30 - -2.50 05-05-2021 United States ADP National Employment Report APR 864.62 516.80 05-05-2021 United States ISM Services PMI APR 64.03 63.70 06-05-2021 United Kingdom UK Official Reserves Changes i APR - -392.00 06-05-2021 United Kingdom Markit/CIPS UK Services PMI Bu APR F 60.21 60.10 06-05-2021 United States Challenger US Job Cut Announce APR - -86.20 06-05-2021 United States US Initial Jobless Claims SA MAY 1 545.92 553.00 06-05-2021 United States US Continuing Jobless Claims S APR 24 3,593.75 3,660.00 06-05-2021 United States Langer US Weekly Consumer Comf MAY 2 - 55.00 07-05-2021 Hong Kong HKMA Hong Kong Official Foreig APR - 491.30 07-05-2021 United Kingdom Markit/CIPS UK Construction PM APR 62.64 61.70 07-05-2021 United States US Employees on Nonfarm Payrol APR 984.16 916.00 07-05-2021 United States Net Revisions to Nonfarm Payro APR - #N/A N/A 07-05-2021 United States US Employees on Nonfarm Payrol APR 948.60 780.00 07-05-2021 United States US Employees on Nonfarm Payrol APR 69.17 53.00 07-05-2021 United States U-3 US Unemployment Rate Total APR 5.75 6.00 07-05-2021 United States US Employment Total in Labor F APR - 609.00 07-05-2021 United States US U-6 Unemployed & Part Time APR - 10.70 07-05-2021 United States US Labor Force Participation R APR 0.00 61.50 07-05-2021 Canada STCA Canada Net Change in Full APR - 175.40 07-05-2021 Canada STCA Canada Net Change in Labo APR - 303.10 07-05-2021 Canada STCA Canada Labor Force Unempl APR - 7.50 07-05-2021 United States US Average Hourly Earnings All APR 0.06 -0.10 07-05-2021 United States US Average Hourly Earnings All APR 0.29 4.20 07-05-2021 United States US Average Weekly Hours All Em APR 34.89 34.90 07-05-2021 United States Merchant Wholesalers Inventori MAR F 0.00 1.40 07-05-2021 United States Merchant Wholesalers Sales Tot MAR - -0.80 08-05-2021 United States Federal Reserve Consumer Credi MAR 22.25 27.58 11-05-2021 United States NFIB Small Business Optimism I APR 0.00 98.20 11-05-2021 United States US Job Openings By Industry To MAR - 7,367.00 12-05-2021 United Kingdom UK Trade Balance in Goods with MAR - -10,728.00 12-05-2021 United Kingdom UK Trade Balance in Goods SA MAR - -16,442.00 12-05-2021 United Kingdom UK Trade Balance Value of Trad MAR - -7,123.00 12-05-2021 India India Industrial Production MAR - -3.60 12-05-2021 United States US CPI Urban Consumers MoM SA APR 0.25 0.60 12-05-2021 United States US CPI Urban Consumers Less Fo APR 0.23 0.30 12-05-2021 United States US CPI Urban Consumers YoY NSA APR 0.00 2.60 12-05-2021 United States US CPI Urban Consumers Less Fo APR 0.00 1.60 12-05-2021 United States US CPI Urban Consumers Less Fo APR 0.00 271.21 12-05-2021 United States US CPI Urban Consumers NSA APR - 264.88 12-05-2021 United States US Treasury Federal Budget Deb APR - -659.59

7 Institutional Equity Research NIFTY 14497 IN FOCUS May 05 2021 Support 14398 Stock in Focus ENGINEERS INDIA MARKET LENS 14299 Intraday Pick LT Resistance 14659 Intraday Pick PFC 14822 Intraday Pick WIPRO

Corporate Actions Company Name Ex-Date Purpose CRISIL Limited 05-May-21 Interim Dividend - Rs 7 Per Share GOVERNMENT OF INDIA 05-May-21 Interest Payment Government of India 06-May-21 Interest Payment Government of India 06-May-21 Interest Payment Government of India 06-May-21 Interest Payment Allsec Technologies Limited 06-May-21 Interim Dividend - Rs 15 Per Share GOVERNMENT OF INDIA 06-May-21 Interest Payment GOVERNMENT OF INDIA 06-May-21 Interest Payment Aptech Limited 06-May-21 Interim Dividend - Rs 2.25 Per Share Global Education Limited 06-May-21 Interim Dividend - Rs 1.50 Per Share

Result Calendar Company name Board Meeting Date Purpose ABB Power Products and Systems India Limited 05-May-21 Financial Results Adani Enterprises Limited 05-May-21 Financial Results/Dividend Adani Green Energy Limited 05-May-21 Financial Results Anant Raj Limited 05-May-21 Other business matters Limited 05-May-21 Financial Results Blue Dart Express Limited 05-May-21 Financial Results/Dividend CEAT Limited 05-May-21 Financial Results/Dividend Coral India Finance & Housing Limited 05-May-21 Financial Results/Dividend Craftsman Automation Limited 05-May-21 Financial Results Deepak Nitrite Limited 05-May-21 Financial Results/Dividend Gillette India Limited 05-May-21 Financial Results/Dividend Integra Garments and Textiles Limited 05-May-21 Financial Results/Fund Raising JM Financial Limited 05-May-21 Financial Results/Dividend Maithan Alloys Limited 05-May-21 Financial Results/Dividend/Other business matters Megasoft Limited 05-May-21 Financial Results Meghmani Organics Limited 05-May-21 Financial Results Oracle Financial Services Software Limited 05-May-21 Financial Results/Dividend Sangam (India) Limited 05-May-21 Financial Results/Dividend Shalby Limited 05-May-21 Financial Results/Other business matters SRF Limited 05-May-21 Financial Results Surana Solar Limited 05-May-21 Financial Results Tata Steel Limited 05-May-21 Financial Results/Dividend/Other business matters Adani Power Limited 06-May-21 Financial Results Adani Transmission Limited 06-May-21 Financial Results/Other business matters Apcotex Industries Limited 06-May-21 Financial Results/Dividend Blue Star Limited 06-May-21 Financial Results/Dividend

8 Institutional Equity Research NIFTY 14497 IN FOCUS May 05 2021 Support 14398 Stock in Focus ENGINEERS INDIA MARKET LENS 14299 Intraday Pick LT Resistance 14659 Intraday Pick PFC 14822 Intraday Pick WIPRO

Result Calendar Company name Board Meeting Date Purpose Bombay Burmah Trading Corporation Limited 06-May-21 Financial Results/Dividend Caplin Point Laboratories Limited 06-May-21 Financial Results/Dividend Century Textiles & Industries Limited 06-May-21 Financial Results/Dividend Coforge Limited 06-May-21 Financial Results/Dividend CREDITACCESS GRAMEEN LIMITED 06-May-21 Financial Results Foseco India Limited 06-May-21 Financial Results Hero MotoCorp Limited 06-May-21 Financial Results/Dividend Hikal Limited 06-May-21 Financial Results/Dividend ICRA Limited 06-May-21 Financial Results/Dividend IIFL Finance Limited 06-May-21 Financial Results/Fund Raising Praj Industries Limited 06-May-21 Financial Results/Dividend Prism Johnson Limited 06-May-21 Financial Results Prism Johnson Limited 06-May-21 Financial Results Procter & Gamble Health Limited 06-May-21 Financial Results Raymond Limited 06-May-21 Financial Results Solara Active Pharma Sciences Limited 06-May-21 Financial Results/Dividend Sundram Fasteners Limited 06-May-21 Financial Results/Dividend TATA CONSUMER PRODUCTS LIMITED 06-May-21 Financial Results/Dividend Cholamandalam Investment and Finance Co Limited 07-May-21 Dividend/Fund Raising Cholamandalam Investment and Finance Co Limited 07-May-21 Financial Results Dabur India Limited 07-May-21 Financial Results/Dividend EIH Limited 07-May-21 Financial Results Everest Industries Limited 07-May-21 Financial Results/Dividend Godrej Agrovet Limited 07-May-21 Financial Results/Dividend Grindwell Norton Limited 07-May-21 Financial Results/Dividend Housing Development Finance Corporation Limited 07-May-21 Financial Results/Dividend/Fund Raising/Other business matters Kansai Nerolac Paints Limited 07-May-21 Financial Results/Dividend Mangalore Refinery and Petrochemicals Limited 07-May-21 Financial Results Navin Fluorine International Limited 07-May-21 Financial Results/Dividend Pioneer Distilleries Limited 07-May-21 Financial Results Ponni Sugars (Erode) Limited 07-May-21 Financial Results R Systems International Limited 07-May-21 Financial Results/Other business matters Reliance Home Finance Limited 07-May-21 Financial Results/Other business matters Limited 07-May-21 Financial Results Shriram Pistons & Rings Limited 07-May-21 Financial Results/Dividend Steel Strips Wheels Limited 07-May-21 Financial Results/Dividend Sutlej Textiles and Industries Limited 07-May-21 Financial Results The Great Eastern Shipping Company Limited 07-May-21 Financial Results/Dividend UltraTech Cement Limited 07-May-21 Financial Results/Dividend Avenue Supermarts Limited 08-May-21 Financial Results Limited 08-May-21 Financial Results/Dividend CSB Bank Limited 08-May-21 Financial Results DCB Bank Limited 08-May-21 Financial Results/Dividend/Fund Raising 9 Institutional Equity Research NIFTY 14497 IN FOCUS May 05 2021 Support 14398 Stock in Focus ENGINEERS INDIA MARKET LENS 14299 Intraday Pick LT Resistance 14659 Intraday Pick PFC 14822 Intraday Pick WIPRO

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 14497 IN FOCUS May 05 2021 Support 14398 Stock in Focus ENGINEERS INDIA MARKET LENS 14299 Intraday Pick LT Resistance 14659 Intraday Pick PFC 14822 Intraday Pick WIPRO

Reliance Securities Limited (RSL), the broking arm of is one of the India’s leading broking houses. Reliance Capital is amongst India’s leading and most valuable financial services companies in the private sector. Reliance Capital has interests in asset management and mutual funds, life and general insurance, commercial finance, equities and commodities broking, wealth management services, distribution of financial products, private equity, asset reconstruction, proprietary investments and other activities in financial services. The list of associates of RSL is available on the website www. reliancecapital.co.in. RSL is registered as a Research Analyst under SEBI (Research Analyst) Regulations, 2014 General Disclaimers: This Research Report (hereinafter called ‘Report’) is prepared and distributed by RSL for information purposes only. The recommendations, if any, made herein are expression of views and/or opinions and should not be deemed or construed to be neither advice for the purpose of purchase or sale of any security, derivatives or any other security through RSL nor any solicitation or offering of any investment /trading opportunity on behalf of the issuer(s) of the respective security(ies) referred to herein. These information / opinions / views are not meant to serve as a professional investment guide for the readers. No action is solicited based upon the information provided herein. Recipients of this Report should rely on information/data arising out of their own investigations. Readers are advised to seek independent professional advice and arrive at an informed trading/investment decision before executing any trades or making any investments. This Report has been prepared on the basis of publicly available information, internally developed data and other sources believed by RSL to be reliable. RSL or its directors, employees, affiliates or representatives do not assume any responsibility for, or warrant the accuracy, completeness, adequacy and reliability of such information / opinions / views. While due care has been taken to ensure that the disclosures and opinions given are fair and reasonable, none of the directors, employees, affiliates or representatives of RSL shall be liable for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including lost profits arising in any way whatsoever from the information / opinions / views contained in this Report. Risks: Trading and investment in securities are subject to market risks. There are no assurances or guarantees that the objectives of any of trading / investment in securities will be achieved. The trades/ investments referred to herein may not be suitable to all categories of traders/investors. The names of securities mentioned herein do not in any manner indicate their prospects or returns. The value of securities referred to herein may be adversely affected by the performance or otherwise of the respective issuer companies, changes in the market conditions, micro and macro factors and forces affecting capital markets like interest rate risk, credit risk, liquidity risk and reinvestment risk. Derivative products may also be affected by various risks including but not limited to counter party risk, market risk, valuation risk, liquidity risk and other risks. Besides the price of the underlying asset, volatility, tenor and interest rates may affect the pricing of derivatives. Disclaimers in respect of jurisdiction: The possession, circulation and/or distribution of this Report may be restricted or regulated in certain jurisdictions by appropriate laws. No action has been or will be taken by RSL in any jurisdiction (other than India), where any action for such purpose(s) is required. Accordingly, this Report shall not be possessed, circulated and/or distributed in any such country or jurisdiction unless such action is in compliance with all applicable laws and regulations of such country or jurisdiction. RSL requires such recipient to inform himself about and to observe any restrictions at his own expense, without any liability to RSL. Any dispute arising out of this Report shall be subject to the exclusive jurisdiction of the Courts in India. Disclosure of Interest: The research analysts who have prepared this Report hereby certify that the views /opinions expressed in this Report are their personal independent views/opinions in respect of the securities and their respective issuers. 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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