Institutional Equity Research NIFTY 13818 IN FOCUS January 29, 2021 Support 13721 Stock in Focus PETRONET LNG MARKET LENS 13625 Intraday Pic Resistance 13906 Intraday Pick ICICIGI 13955 Intraday Pick

EQUITY INDICES

Indices Absolute Change Percentage Change Domestic Last Trade Change 1-D 1-Mth YTD BSE Sensex 46,874.4 (535.6) -1.1% -1.6% -1.8% CNX Nifty 13,817.6 (150.0) -1.1% -0.8% -1.2% S&P CNX 500 11,442.6 (103.8) -0.9% -0.2% -0.7% SENSEX 50 14,482.1 (154.5) -1.1% -0.7% -1.1%

International Last Trade Change 1-D 1-Mth YTD DJIA 30,603.4 300.2 1.0% 0.9% 0.0% NASDAQ 13,337.2 66.6 0.5% 3.8% 3.5% NIKKEI 28,298.8 101.4 0.4% 2.7% 3.1% HANGSENG 28,826.2 275.4 1.0% 8.5% 5.9% MSCI Emerging Mkts 1,350.6 (20.8) -1.5% 6.6% 4.6%

ADRs / GDRs Last Trade Change 1-D 1-Mth YTD Dr. Reddy’s Lab (ADR) 66.1 0.3 0.5% -6.2% -7.3% STOCK IN FOCUS (ADR) 18.6 0.7 4.2% 48.5% 47.3% f PLNG is likely to report total re-gas volume of 237tbtu (+2% YoY & -7% (ADR) 17.6 0.2 1.0% 5.2% 4.1% QoQ). As per Bloomberg data, the re-gas volume of Dahej terminal ICICI Bank (ADR) 14.9 0.6 4.3% 4.8% 0.5% would be 223tbu (flat on YoY basis and down 8% QoQ), Dabhol HDFC Bank (ADR) 72.0 3.2 4.6% 2.0% -0.4% (GDR) 45.9 2.7 6.3% 11.4% 8.4% terminal operated at a higher utilization level. Utilization at Reliance Ind (GDR) 52.0 (0.1) -0.2% -5.1% -4.9% terminal to rise to 22% level on the back of rise in LNG consumption at Kochi refinery. PLNG is likely to post EBITDA of Rs11.7bn (+5% YoY COMMODITY MARKET Key Commodities Last Trade Change 1-D 1-Mth YTD &-15% QoQ) and report net profit of Rs7.3bn (+8% YoY & -21% QoQ) Brent Crude ($/bl) 55.7 0.1 0.3% 9.0% 7.5% in 3QFY21. Silver ($/Oz) 26.3 (0.2) -0.9% 0.2% -0.6% Gold ($/Oz) 1,843.5 0.3 0.0% -1.8% -2.9% f The Prime Minister inaugurated Kochi-Mangalore pipeline on Copper LME ($/MT) 7,879.7 58.4 0.7% 1.4% 1.7% January 5, 2021 which shall act as a near term catalyst by boosting Aluminium LME ($/MT) 1,983.4 (4.7) -0.2% -2.1% 0.5% utilization at Kochi terminal. Dahej Terminal charges (~Rs 52/mmbtu) Baltic Dry 1,540.0 (119.0) -7.2% 12.7% 12.7% which is a significant discount to that of Mundra LNG terminal which CURRENCY RATES charges (~Rs63/mmbtu) making Dahej terminal more affordable. Last Trade Change 1-D 1-Mth YTD PLNG has planned phase-wise setting up of LNG stations (targeted USD/INR 73.0 72.9 0.2% -0.6% 0.0% ~300 on the Highways) suggesting long term structural growth EUR/INR 88.4 88.4 0.1% -1.8% -1.5% triggers for the company. We maintain BUY on PLNG with a RATES 2-Year Target Price of Rs335. Last Trade Change 1-D 1-Mth YTD T-Bill - 91 D 3.3 3.4 -0.6% 7.7% 11.0% Intraday Picks 10 Year G-sec Yield 5.9 5.9 -0.3% 0.2% 0.4%

BIOCON (PREVIOUS CLOSE: 380) BUY INVESTMENT ACTIVITY (RS. CR) For today’s trade, long position can be initiated in the range of Rs 374- Category BUY SELL NET Prev 377 for the target of Rs.390 with a strict stop loss of Rs.371. FII 8,493.9 12,206.4 (3,712.5) (1,688.2) DII 6351.1 4,614.2 1,736.9 (3.4) ICICIGI (PREVIOUS CLOSE: 1371) BUY For today’s trade, long position can be initiated in the range of Rs 1355- EXCHANGE TURNOVER 1365 for the target of Rs. 1390 with a strict stop loss of Rs.1343. Exchange Rs Crore BSE Equity 5,404.9 WIPRO (PREVIOUS CLOSE: 432) SELL BSE Derivatives 2,58,698.0 For today’s trade, short position can be initiated in the range of Rs 436- NSE Equity 71,408.3 439 for the target of Rs.425 with a strict stop loss of Rs.444. NSE Derivatives 77,23,189.1 1 Institutional Equity Research NIFTY 13818 IN FOCUS January 29, 2021 Support 13721 Stock in Focus PETRONET LNG MARKET LENS 13625 Intraday Pic BIOCON Resistance 13906 Intraday Pick ICICIGI 13955 Intraday Pick WIPRO

Technical Research

MARKET SYNOPSIS f Yesterday, NSE-NIFTY slipped to 13,713-level post a gap down opening and later consolidated in the narrow range. Finally, the index closed the session at 13,818-level, with cut of 150 points. f NSE Cash segment reported turnover of Rs71,408 crore as compared to Rs70,986 crore reported earlier. f Overall market breadth remained neutral, where 936 stocks advanced against 972 declined stocks. f Mix trend was observed across sectoral indices during the day barring Private Bank (rose by 0.2%), where IT and Realty emerged as top losers with the decrease of 2.2% each. However rest of the sectoral indices reported loss between 0.1% and 1.9%.

NSE-NIFTY OUTLOOK f NSE-NIFTY ended January series on a negative note, wherein the index reversed from its life-time-high of 14,753 and slipped to 13,713-level. In the last series, the index breached prior rising trend and reported fall of 1.2%. Yesterday, the index slipped to one- month low post a gap-down opening and later consolidated in the narrow range. On the lower side, the index found support at around its 50-day EMA and tried to restrict the loss. Negative trend observed across the sectors, while overall market breadth turned neutral. Major technical indicators are negatively poised. We believe the index will respect its medium-term moving average (50-day EMA) and will witness near-term rebound. The index could test 14,100-level initially and 14,250-level subsequently. In case of further decline, the index will find support at around 13,500-level. f As for the day, support is placed at around 13,721 and then at 13,625 levels, while resistance is observed at 13,906 and then at 13,955 levels.

2 Institutional Equity Research NIFTY 13818 IN FOCUS January 29, 2021 Support 13721 Stock in Focus PETRONET LNG MARKET LENS 13625 Intraday Pic BIOCON Resistance 13906 Intraday Pick ICICIGI 13955 Intraday Pick WIPRO Derivatives Snapshot f NIFTY50 traded volatile with expiry swings and bounced from the support levels of 13700 in the last one hour of trade. Nifty closed down by 150 points at 13,817 levels. Among the nifty stocks 17 advanced and 33 declined during the day. f Among sectors except for Banks to end flat by 0.2% negative momentum was across indices with the highest decline in IT, FMCG and Realty by 2% average for the day. f Broader market indices remained negative with NIFTY 100, 200 and 500 to close down by 1% average while midcap indices and small cap indices declined by 0.5% for the day. f Nifty Feb futures end with 27 points premium at 13,844 mark while on other hand, Bank Nifty Feb futures ended with the premium of 7 points at 30,365 mark. f Nifty has closed in a doji candle near the strong support levels of 13700 and we expect some bounce in the coming sessions. On the higher side 14000 will continue to act as strong resistance levels. Sectoral Activity: Amongst sectoral index IT and Realty remained in focus with negative momentum. Stock Activity: TCS and DLF have witnessed long unwinding in today’s trade.

3 Institutional Equity Research NIFTY 13818 IN FOCUS January 29, 2021 Support 13721 Stock in Focus PETRONET LNG MARKET LENS 13625 Intraday Pic BIOCON Resistance 13906 Intraday Pick ICICIGI 13955 Intraday Pick WIPRO Pivot Table Name LTP Support 2 Support 1 Pivot Resistance 1 Resistance 2 SENSEX 46874 46201 46538 46855 47191 47508 NIFTY 13818 13625 13721 13810 13906 13995 BANKNIFTY 30358 29393 29876 30170 30653 30947 ADANIPORTS 519 497 508 518 529 539 ASIANPAINT 2442 2379 2411 2432 2463 2485 AXISBANK 671 595 633 654 692 713 BAJAJ-AUTO 4136 4021 4078 4134 4192 4248 BAJAJFINSV 8955 8598 8777 8996 9175 9394 BAJFINANCE 4810 4628 4719 4814 4905 5000 BHARTIARTL 571 557 564 570 577 583 BPCL 384 370 377 383 391 397 BRITANNIA 3604 3514 3559 3604 3649 3695 842 816 829 839 852 862 COALINDIA 128 127 127 129 130 131 DIVISLAB 3430 3359 3394 3445 3481 3532 DRREDDY 4872 4724 4798 4851 4925 4978 EICHERMOT 2798 2697 2748 2789 2840 2881 GAIL 129 124 126 128 130 132 GRASIM 1067 1023 1045 1061 1083 1098 HCLTECH 934 917 925 939 948 961 HDFC 2426 2366 2396 2425 2455 2484 HDFCBANK 1371 1312 1342 1372 1401 1431 HDFCLIFE 672 662 667 675 680 688 HEROMOTOCO 3397 3257 3327 3396 3466 3535 HINDALCO 229 221 225 229 233 236 HINDUNILVR 2300 2212 2256 2334 2378 2456 ICICIBANK 528 506 517 523 535 541 INDUSINDBK 803 767 785 807 825 847 INFY 1276 1258 1267 1282 1291 1306 IOC 93 89 91 92 94 95 ITC 207 203 205 208 210 213 JSWSTEEL 376 364 370 376 382 387 KOTAKBANK 1723 1666 1694 1729 1758 1793 LT 1345 1325 1335 1350 1360 1375 M&M 765 744 755 766 777 788 MARUTI 7589 7289 7439 7712 7861 8134 NESTLEIND 17388 17053 17220 17370 17537 17687 NTPC 92 89 90 92 93 94 ONGC 91 88 89 90 92 93 POWERGRID 187 183 185 188 190 193 RELIANCE 1877 1837 1857 1890 1910 1943 SBILIFE 873 860 866 875 882 891 SBIN 282 265 273 278 287 292 SHREECEM 23106 22470 22788 22989 23307 23508 SUNPHARMA 564 539 552 563 576 587 TATAMOTORS 267 252 259 266 274 281 TATASTEEL 624 604 614 622 632 640 TCS 3197 3127 3162 3218 3253 3310 TECHM 982 954 968 979 993 1004 TITAN 1450 1401 1426 1440 1464 1479 ULTRACEMCO 5444 5288 5366 5418 5496 5548 UPL 565 551 558 564 572 578 WIPRO 432 415 423 436 445 457

4 Institutional Equity Research NIFTY 13818 IN FOCUS January 29, 2021 Support 13721 Stock in Focus PETRONET LNG MARKET LENS 13625 Intraday Pic BIOCON Resistance 13906 Intraday Pick ICICIGI 13955 Intraday Pick WIPRO Simple Moving Average Scrip Name Close Rate 20-SMA 50-SMA 100-SMA 200-SMA HIGH_52WEEK LOW_52WEEK SENSEX 46874 48697 46704 43251 39136 50184 25639 NIFTY 13818 14310 13707 12709 11510 14754 7511 BANKNIFTY 30358 31793 30700 27216 24153 32842 16116 ADANIPORTS 519 518 470 411 367 563 203 ASIANPAINT 2442 2699 2527 2301 2011 2873 1431 AXISBANK 671 658 630 554 489 761 286 BAJAJ-AUTO 4136 3639 3396 3185 2988 4237 1789 BAJAJFINSV 8955 8910 8830 7417 6522 9950 3985 BAJFINANCE 4810 5032 4948 4208 3494 5373 1783 BHARTIARTL 571 557 519 485 517 612 362 BPCL 384 399 393 382 381 510 252 BRITANNIA 3604 3595 3614 3630 3560 4010 2100 CIPLA 842 829 794 778 718 865 354 COALINDIA 128 138 135 127 131 194 110 DIVISLAB 3430 3719 3669 3418 2966 3915 1626 DRREDDY 4872 5198 5062 4992 4544 5513 2495 EICHERMOT 2798 2772 2619 2398 2095 3037 1245 GAIL 129 134 121 105 100 146 65 GRASIM 1067 1001 935 845 718 1115 385 HCLTECH 934 989 913 866 731 1067 375 HDFC 2426 2625 2453 2187 1977 2777 1473 HDFCBANK 1371 1451 1420 1296 1155 1512 739 HDFCLIFE 672 700 672 628 589 731 340 HEROMOTOCO 3397 3201 3136 3098 2787 3520 1475 HINDALCO 229 252 241 210 180 275 85 HINDUNILVR 2300 2390 2304 2213 2186 2603 1750 ICICIBANK 528 541 515 456 404 561 268 INDUSINDBK 803 919 893 758 621 1346 236 INFY 1276 1316 1221 1139 964 1393 509 IOC 93 96 92 85 85 120 71 ITC 207 211 205 190 190 239 135 JSWSTEEL 376 394 372 336 271 413 133 KOTAKBANK 1723 1908 1899 1659 1481 2027 1001 LT 1345 1343 1247 1079 989 1396 648 M&M 765 779 743 678 592 844 245 MARUTI 7589 7907 7597 7265 6555 8329 4001 NESTLEIND 17388 18040 17932 17081 16945 18844 12200 NTPC 92 98 98 92 93 119 73 ONGC 91 97 91 81 80 118 50 POWERGRID 187 196 194 182 176 208 122 RELIANCE 1877 1971 1971 2061 1904 2369 867 SBILIFE 873 904 875 845 822 1017 519 SBIN 282 289 270 235 210 332 149 SHREECEM 23106 24338 24244 22488 21757 25980 15410 SUNPHARMA 564 597 569 534 512 628 312 TATAMOTORS 267 232 198 168 135 307 64 TATASTEEL 624 678 626 513 425 732 251 TCS 3197 3148 2921 2757 2426 3340 1506 TECHM 982 1011 947 874 729 1082 463 TITAN 1450 1527 1459 1331 1161 1621 721 ULTRACEMCO 5444 5463 5183 4728 4259 5832 2910 UPL 565 517 473 477 453 601 240 WIPRO 432 427 386 357 293 467 159

5 Institutional Equity Research NIFTY 13818 IN FOCUS January 29, 2021 Support 13721 Stock in Focus PETRONET LNG MARKET LENS 13625 Intraday Pic BIOCON Resistance 13906 Intraday Pick ICICIGI 13955 Intraday Pick WIPRO Bulk Deals Snapshot Deal Date Scrip Code Company Client Name Deal Type* Quantity Price 28/01/2021 540923 AML RAHULJAYANTILALSHAH B 54,000 4.96 28/01/2021 531719 BHAGCHEM NAGA DHUNSERI GROUP LTD S 68,654 313.20 28/01/2021 539800 CHDCHEM KOTHARI TRADE INVESTMENTS PRIVATE LIMITED . B 65,721 33.80 28/01/2021 539800 CHDCHEM KOTHARI TRADE INVESTMENTS PRIVATE LIMITED . S 215,240 33.80 28/01/2021 542924 JANUSCORP VIRALKUMAR RASIKBHAI PATEL B 48,000 80.92 28/01/2021 542924 JANUSCORP DISHANT BHARATBHAI SHAH B 51,000 80.32 28/01/2021 542924 JANUSCORP VIRALKUMAR RASIKBHAI PATEL S 58,500 80.41 28/01/2021 539519 MAYUKH HARSHA SHAH S 19,525 13.72 28/01/2021 538537 OMANSH JAIMAL SINGH WADHWA B 250,000 .34 28/01/2021 538537 OMANSH DEEPA MEHTA S 250,001 .34 28/01/2021 539291 OZONEWORLD ARUNKUMAR DASHRATHBHAI PRAJAPATI . B 27,501 91.74 28/01/2021 539291 OZONEWORLD DISHANT BHARATBHAI SHAH B 1 92.50 28/01/2021 539291 OZONEWORLD VIRALKUMAR RASIKBHAI PATEL B 3,860 90.81 28/01/2021 539291 OZONEWORLD VIRALKUMAR RASIKBHAI PATEL S 20,593 92.05 28/01/2021 539291 OZONEWORLD DISHANT BHARATBHAI SHAH S 25,420 91.75 28/01/2021 540175 REGENCY GAURAV THAKUR S 25,000 14.24 28/01/2021 540175 REGENCY JAIMAL SINGH WADHWA B 29,078 14.24 28/01/2021 539363 SKC U K VORA B 193,790 6.19 28/01/2021 539363 SKC PANTOMATH STOCK BROKERS PRIVATE LIMITED S 193,790 6.19 28/01/2021 539026 SSPNFIN DEVJEET CHAKRABORTY B 44,000 27.05 28/01/2021 539026 SSPNFIN ASHOK KUMAR SINGH S 44,000 26.51 28/01/2021 532070 SUPRBPA ANANDKASHYAP B 30,000 11.50 28/01/2021 532070 SUPRBPA VISHALVIPINBHAIBHATT B 35,326 11.68 28/01/2021 532070 SUPRBPA RAJAGOPALPREMMARCEL B 40,000 11.50 28/01/2021 532070 SUPRBPA ANANDKASHYAP S 20,000 11.70 28/01/2021 532070 SUPRBPA VISHALVIPINBHAIBHATT S 35,000 11.50 28/01/2021 532070 SUPRBPA KHUSHBU ARJUNBHAI PADHIYAR B 32,665 11.60 28/01/2021 532070 SUPRBPA KHUSHBU ARJUNBHAI PADHIYAR S 15,000 11.75 28/01/2021 505285 TULIVE VISHESH MANISH AGRAWAL HUF B 15,000 198.70 28/01/2021 505285 TULIVE ASL CAPITAL HOLDINGS PRIVATE LIMITED S 15,000 198.70 28/01/2021 512064 VISVEN MAHENDRA NANALAL KOTHARI B 2,002 48.65 28/01/2021 512064 VISVEN RISHABH ENTERPRISES LIMITED S 2,000 48.65 28/01/2021 539222 VMV RANA PARTHRAJSINH SIDDHRAJSINH B 37,500 32.24 28/01/2021 539222 VMV NAMRATA KAUSHIK VYAS S 40,000 31.96

*B - Buy, S - Sell, ** = Weighted Average Trade Price / Trade Price 6 Institutional Equity Research NIFTY 13818 IN FOCUS January 29, 2021 Support 13721 Stock in Focus PETRONET LNG MARKET LENS 13625 Intraday Pic BIOCON Resistance 13906 Intraday Pick ICICIGI 13955 Intraday Pick WIPRO

Monthly Economic Calendar

Date Country Event Period Survey Prior 29-01-2021 United States Market News International Chic 56.25 59.50 29-01-2021 United States US Pending Home Sales Index Mo 0.00 -2.60 29-01-2021 United States US Pending Home Sales Index Yo 21.00 16.00 02-02-2021 Eurozone Euro Area Gross Domestic Produ 4Q A - -4.30 02-02-2021 Eurozone Euro Area Gross Domestic Produ 4Q A - 12.50 09-03-2021 Eurozone Euro Area Hhs & NPISH Final C 4Q - 14.00

7 Institutional Equity Research NIFTY 13818 IN FOCUS January 29, 2021 Support 13721 Stock in Focus PETRONET LNG MARKET LENS 13625 Intraday Pic BIOCON Resistance 13906 Intraday Pick ICICIGI 13955 Intraday Pick WIPRO

Corporate Actions Company Name Ex-Date Purpose GOVERNMENT OF 29-Jan-21 Interest Payment 29-Jan-21 Interest Payment GOVERNMENT OF INDIA 29-Jan-21 Interest Payment SRF Limited 29-Jan-21 Interim Dividend Zensar Technologies Limited 29-Jan-21 Interim Dividend Government of India 01-Feb-21 Interest Payment Menon Bearings Limited 03-Feb-21 Interim Dividend Limited 04-Feb-21 Interim Dividend Vaibhav Global Limited 04-Feb-21 Interim Dividend GOVERNMENT OF INDIA 08-Feb-21 Interest Payment GOVERNMENT OF INDIA 11-Feb-21 Interest Payment

Result Calendar Company name Board Meeting Date Purpose 3P Land Holdings Limited 29-Jan-21 Financial Results Aarti Surfactants Limited 29-Jan-21 Financial Results Accelya Solutions India Limited 29-Jan-21 Financial Results/Dividend ADF Foods Limited 29-Jan-21 Financial Results Alicon Castalloy Limited 29-Jan-21 Financial Results Aro Granite Industries Limited 29-Jan-21 Financial Results Atul Limited 29-Jan-21 Financial Results Atul Limited 29-Jan-21 Buyback Atul Limited 29-Jan-21 Buyback Atul Limited 29-Jan-21 Buyback Blue Star Limited 29-Jan-21 Financial Results Centrum Capital Limited 29-Jan-21 Fund Raising Centrum Capital Limited 29-Jan-21 Fund Raising Chemfab Alkalis Limited 29-Jan-21 Financial Results Cholamandalam Investment and Finance Company 29-Jan-21 Financial Results Limited Cipla Limited 29-Jan-21 Financial Results Compucom Software Limited 29-Jan-21 Financial Results/Other business matters CREDITACCESS GRAMEEN LIMITED 29-Jan-21 Financial Results India Limited 29-Jan-21 Financial Results Dish TV India Limited 29-Jan-21 Financial Results Dr. Lal Path Labs Ltd. 29-Jan-21 Financial Results/Dividend Dr. Reddy's Laboratories Limited 29-Jan-21 Financial Results EIH Limited 29-Jan-21 Financial Results/Voluntary Delisting EIH Limited 29-Jan-21 Financial Results/Voluntary Delisting Exide Industries Limited 29-Jan-21 Financial Results/Dividend Ginni Filaments Limited 29-Jan-21 Financial Results 8 Institutional Equity Research NIFTY 13818 IN FOCUS January 29, 2021 Support 13721 Stock in Focus PETRONET LNG MARKET LENS 13625 Intraday Pic BIOCON Resistance 13906 Intraday Pick ICICIGI 13955 Intraday Pick WIPRO

Result Calendar Company name Board Meeting Date Purpose Gokaldas Exports Limited 29-Jan-21 Financial Results Grindwell Norton Limited 29-Jan-21 Financial Results Heritage Foods Limited 29-Jan-21 Financial Results IFB Agro Industries Limited 29-Jan-21 Financial Results IIFL Finance Limited 29-Jan-21 Financial Results/Dividend Limited 29-Jan-21 Financial Results Indian Oil Corporation Limited 29-Jan-21 Dividend Indian Oil Corporation Limited 29-Jan-21 Dividend Indian Oil Corporation Limited 29-Jan-21 Dividend IndusInd Bank Limited 29-Jan-21 Financial Results Jaiprakash Associates Limited 29-Jan-21 Financial Results JK Lakshmi Cement Limited 29-Jan-21 Financial Results JSW Energy Limited 29-Jan-21 Financial Results/Other business matters Just Dial Limited 29-Jan-21 Financial Results/Other business matters Kalyani Steels Limited 29-Jan-21 Financial Results Kaya Limited 29-Jan-21 Financial Results Kokuyo Camlin Limited 29-Jan-21 Financial Results LIC Housing Finance Limited 29-Jan-21 Financial Results/Other business matters LT Foods Limited 29-Jan-21 Financial Results/Dividend Mahindra Logistics Limited 29-Jan-21 Financial Results/Other business matters Manappuram Finance Limited 29-Jan-21 Financial Results/Dividend MAS Financial Services Limited 29-Jan-21 Other business matters MAS Financial Services Limited 29-Jan-21 Other business matters Orient Electric Limited 29-Jan-21 Financial Results/Dividend Persistent Systems Limited 29-Jan-21 Financial Results/Dividend Persistent Systems Limited 29-Jan-21 Financial Results/Dividend Praxis Home Retail Limited 29-Jan-21 Financial Results/Fund Raising Ramkrishna Forgings Limited 29-Jan-21 Financial Results Ramkrishna Forgings Limited 29-Jan-21 Financial Results Rane Engine Valve Limited 29-Jan-21 Financial Results Reliance Capital Limited 29-Jan-21 Financial Results Rupa & Company Limited 29-Jan-21 Financial Results Sanghi Industries Limited 29-Jan-21 Financial Results/Fund Raising Sanginita Chemicals Limited 29-Jan-21 Financial Results Shankara Building Products Limited 29-Jan-21 Financial Results Shree Ganesh Forgings Limited 29-Jan-21 Financial Results Shree Ganesh Forgings Limited 29-Jan-21 Financial Results Shriram City Union Finance Limited 29-Jan-21 Dividend/Other business matters Shriram City Union Finance Limited 29-Jan-21 Financial Results/Other business matters Shriram EPC Limited 29-Jan-21 Fund Raising Shriram EPC Limited 29-Jan-21 Fund Raising Shriram Pistons & Rings Limited 29-Jan-21 Financial Results/Dividend Solar Industries India Limited 29-Jan-21 Financial Results 9 Institutional Equity Research NIFTY 13818 IN FOCUS January 29, 2021 Support 13721 Stock in Focus PETRONET LNG MARKET LENS 13625 Intraday Pic BIOCON Resistance 13906 Intraday Pick ICICIGI 13955 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 13818 IN FOCUS January 29, 2021 Support 13721 Stock in Focus PETRONET LNG MARKET LENS 13625 Intraday Pic BIOCON Resistance 13906 Intraday Pick ICICIGI 13955 Intraday Pick WIPRO

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