Institutional Equity Research NIFTY 13635 IN FOCUS February 01, 2021 Support 13499 in Focus GSPL MARKET LENS 13363 Intraday Pic HDFC Resistance 13869 Intraday Pick POWERGRID 14103 Intraday Pick SBIN

EQUITY INDICES

Indices Absolute Change Percentage Change Domestic Last Trade Change 1-D 1-Mth YTD BSE Sensex 46,285.8 (588.6) -1.3% -3.3% -3.1% CNX Nifty 13,634.6 (182.9) -1.3% -2.7% -2.5% S&P CNX 500 11,302.4 (140.2) -1.2% -2.4% -1.9% SENSEX 50 14,287.7 (194.3) -1.4% -2.4% -2.4%

International Last Trade Change 1-D 1-Mth YTD DJIA 29,982.6 (620.7) -2.1% -2.0% -2.0% NASDAQ 13,070.7 (266.5) -2.0% 1.4% 1.4% NIKKEI 27,885.3 221.9 0.8% 1.6% 1.6% HANGSENG 28,457.9 174.1 0.6% 4.5% 4.5% MSCI Emerging Mkts 1,329.6 (21.0) -1.6% 3.0% 3.0%

ADRs / GDRs Last Trade Change 1-D 1-Mth YTD Dr. Reddy’s Lab (ADR) 61.3 (4.8) -7.2% -14.0% -14.0% STOCK IN FOCUS Tata Motors (ADR) 17.8 (0.8) -4.0% 41.3% 41.3% f Gujarat State Petronet’s (GUJS) total gas transmission volume is Infosys (ADR) 16.9 (0.8) -4.3% -0.4% -0.4% ICICI Bank (ADR) 15.1 0.2 1.1% 1.6% 1.6% expected to rise by 14% YoY and 6% QoQ to ~43mmscmd in 3QFY21. HDFC Bank (ADR) 72.1 0.1 0.1% -0.2% -0.2% The company transmitted 45/43mmscmd of gas in Oct’20/Nov’20. (GDR) 45.2 (0.7) -1.5% 6.7% 6.7% While complete recovery was seen in industrial gas consumption Reliance Ind (GDR) 50.7 (1.3) -2.5% -7.3% -7.3% (GUJGA), power sector continued higher gas consumption in Oct’20 COMMODITY MARKET and Nov’20. We expect the company’s EBITDA to grow by 8% YoY Key Commodities Last Trade Change 1-D 1-Mth YTD and 7% QoQ to Rs4.1bn. Brent Crude ($/bl) 55.1 0.0 0.1% 6.3% 6.3% Silver ($/Oz) 28.2 1.2 4.3% 6.7% 6.7% f GUJS is positioning itself to take advantage of surge in gas supplies Gold ($/Oz) 1,851.2 3.6 0.2% -2.5% -2.5% from new LNG terminals in Gujarat and boost in gas demand from Copper LME ($/MT) 7,862.4 (17.3) -0.2% 0.2% 1.5% new geographical areas, in the 9th CGD round, the PNGRB allocated Aluminium LME ($/MT) 1,981.9 (1.5) -0.1% -0.2% 0.4% 9 geographical areas (GAs) of Gujarat for CGD business, taking the Baltic Dry 1,452.0 (18.0) -1.2% 6.3% 6.3%

total GAs for CGD business to >7 companies in the state. CURRENCY RATES Last Trade Change 1-D 1-Mth YTD f We expect GUJS’s transmission volume to clock 8.3% CAGR, while USD/INR 73.0 73.0 -0.1% -0.7% -0.2% its revenue and earnings to witness 12% and 14% CAGR, respectively EUR/INR 88.4 88.4 -0.1% -1.7% -1.5% over FY20-23E. GUJS is trading at 9x f FY23 EPS, we maintain BUY RATES with 2 year target price of Rs 286. Last Trade Change 1-D 1-Mth YTD T-Bill - 91 D 3.3 3.3 0.0% 8.3% 11.0% Intraday Picks 10 Year G-sec Yield 5.9 5.9 0.3% 0.3% 0.7%

HDFC (PREVIOUS CLOSE: 2378) BUY INVESTMENT ACTIVITY (RS. CR) For today’s trade, long position can be initiated in the range of Rs 2330- Category BUY SELL NET Prev 2350 for the target of Rs.2420 with a strict stop loss of Rs.2295. FII 11,875.0 17,805.7 (5,930.7) (3,712.5) DII 7,582.5 5,139.3 2,443.2 1,736.9 POWERGRID (PREVIOUS CLOSE: 184) BUY For today’s trade, long position can be initiated in the range of Rs 180- EXCHANGE TURNOVER 182 for the target of Rs.188 with a strict stop loss of Rs.178. Exchange Rs Crore BSE Equity 4,292.10 SBIN (PREVIOUS CLOSE: 282) SELL BSE Derivatives 3,08,064.1 For today’s trade, short position can be initiated in the range of Rs 286- NSE Equity 84,608.7 289 for the target of Rs.278 with a strict stop loss of Rs.292. NSE Derivatives 17,93,726.3 1 Institutional Equity Research NIFTY 13635 IN FOCUS February 01, 2021 Support 13499 Stock in Focus GSPL MARKET LENS 13363 Intraday Pic HDFC Resistance 13869 Intraday Pick POWERGRID 14103 Intraday Pick SBIN

Technical Research

MARKET SYNOPSIS f On Friday, NSE-NIFTY rose to 13,967-level post a gap-up opening and later remained under tremendous pressure during the day. The index tested 13,597-level before closing the session. Finally, the index shut the shop at 13,635-level, with cut of 183 points. f NSE Cash segment reported turnover of Rs84,609 crore as compared to Rs71,242 crore reported earlier. f Overall market breadth was negative, where 868 advanced against 1045 declined stocks. f Mix trend was observed across sectoral indices during the day, where PSU Bank emerged as a top gainer with the increase of 1.7%. However IT and Auto indices reported the highest loss (i.e. 2.6% and 2.9%, respectively).

NSE-NIFTY OUTLOOK f NSE-NIFTY ended month/week on a negative note and reported fall of 2.5%/5.1%. The index formed Shooting Star / Bearish Engulfing pattern on monthly/weekly chart. On Friday, the index bounced in the initial trades, but later remained under pressure and closed below its medium-term moving average (50-day EMA). Major technical indicators on medium-term and short-term timeframe charts are negatively poised. We believe the index will witness high volatility amidst key domestic event-Union Budget. The index will oscillate between 14,000 and 13,400 levels. Major support is placed at around 13,150-level initially and 12,750-level subsequently. On the higher side, the index will face strong hurdle at around 14,250-level. f As for the day, support is placed at around 13,499 and then at 13,363 levels, while resistance is observed at 13,869 and then at 14,103 levels.

2 Institutional Equity Research NIFTY 13635 IN FOCUS February 01, 2021 Support 13499 Stock in Focus GSPL MARKET LENS 13363 Intraday Pic HDFC Resistance 13869 Intraday Pick POWERGRID 14103 Intraday Pick SBIN Derivatives Snapshot f NIFTY50 opened higher on back of positive global cues but failed to sustain and witnessed sharp selling pressure in the second half to close near the low point of the day. Nifty closed down by 183 points at 13,635 levels. Among the nifty stocks 7 advanced and 43 declined during the day. f Among sectors it was a mixed bag with Banks to end positive by 0.7% whereas Auto, FMCG, IT and Pharma declined by 2.5% average for the day. f Broader market indices remained negative with NIFTY 100, 200 and 500 to close down by 1.5% average while midcap indices and small cap indices declined by 0.5% for the day. f Nifty Feb futures end with 72 points premium at 13,709 mark while on other hand, Bank Nifty Feb futures ended with the premium of 115 points at 30,679 mark. f Nifty has declined by 6.5% before the budget, we expect some bounce from the lower range of 13500 levels and volatility to remain on higher side. 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.

3 Institutional Equity Research NIFTY 13635 IN FOCUS February 01, 2021 Support 13499 Stock in Focus GSPL MARKET LENS 13363 Intraday Pic HDFC Resistance 13869 Intraday Pick POWERGRID 14103 Intraday Pick SBIN Pivot Table Name LTP Support 2 Support 1 Pivot Resistance 1 Resistance 2 SENSEX 46286 45360 45823 46623 47086 47886 NIFTY 13635 13363 13499 13733 13869 14103 BANKNIFTY 30566 29787 30176 30644 31033 31501 ADANIPORTS 510 491 500 517 526 543 ASIANPAINT 2407 2346 2377 2430 2461 2514 AXISBANK 663 641 652 664 675 687 BAJAJ-AUTO 4006 3852 3929 4067 4144 4282 BAJAJFINSV 8723 8402 8562 8836 8996 9270 BAJFINANCE 4735 4554 4644 4797 4887 5040 BHARTIARTL 554 533 543 561 571 589 BPCL 384 372 378 387 393 402 BRITANNIA 3501 3393 3447 3534 3588 3675 CIPLA 826 802 814 833 844 863 COALINDIA 126 123 124 127 129 131 DIVISLAB 3370 3298 3334 3396 3432 3494 DRREDDY 4603 4324 4463 4689 4828 5054 EICHERMOT 2744 2637 2691 2781 2834 2924 GAIL 125 121 123 126 129 132 GRASIM 1056 1020 1038 1066 1084 1112 HCLTECH 914 884 899 924 939 964 HDFC 2378 2305 2342 2401 2437 2496 HDFCBANK 1391 1344 1367 1388 1411 1432 HDFCLIFE 678 660 669 677 686 694 HEROMOTOCO 3256 3064 3160 3322 3419 3581 HINDALCO 226 219 223 229 232 238 HINDUNILVR 2264 2208 2236 2279 2307 2350 ICICIBANK 537 522 529 537 545 553 INDUSINDBK 846 796 821 841 866 886 INFY 1239 1194 1216 1254 1276 1314 IOC 93 91 92 94 95 98 ITC 203 198 201 205 207 211 JSWSTEEL 367 352 359 371 379 390 KOTAKBANK 1713 1676 1695 1722 1741 1768 LT 1335 1299 1317 1343 1361 1387 M&M 750 711 730 765 784 819 MARUTI 7207 6839 7023 7354 7538 7869 NESTLEIND 17060 16657 16858 17163 17365 17670 NTPC 89 85 87 90 92 94 ONGC 88 84 86 90 92 95 POWERGRID 184 179 182 185 188 191 RELIANCE 1842 1779 1810 1862 1893 1945 SBILIFE 864 844 854 869 879 894 SBIN 282 272 277 284 289 296 SHREECEM 22773 22103 22438 22866 23202 23630 SUNPHARMA 586 534 560 580 606 626 TATAMOTORS 263 249 256 267 274 286 TATASTEEL 601 572 587 610 625 648 TCS 3111 3026 3069 3143 3185 3260 TECHM 961 931 946 971 986 1011 TITAN 1420 1381 1401 1435 1455 1489 ULTRACEMCO 5327 5153 5240 5375 5462 5597 UPL 561 546 553 565 572 584 WIPRO 418 402 410 424 432 446

4 Institutional Equity Research NIFTY 13635 IN FOCUS February 01, 2021 Support 13499 Stock in Focus GSPL MARKET LENS 13363 Intraday Pic HDFC Resistance 13869 Intraday Pick POWERGRID 14103 Intraday Pick SBIN Simple Moving Average Scrip Name Close Rate 20-SMA 50-SMA 100-SMA 200-SMA HIGH_52WEEK LOW_52WEEK SENSEX 46286 48654 46769 43336 39218 50184 25639 NIFTY 13635 14302 13728 12733 11535 14754 7511 BANKNIFTY 30566 31746 30735 27290 24210 32842 16116 ADANIPORTS 510 519 473 413 369 563 203 ASIANPAINT 2407 2685 2532 2306 2014 2873 1431 AXISBANK 663 660 631 556 491 761 286 BAJAJ-AUTO 4006 3673 3418 3198 2997 4237 1789 BAJAJFINSV 8723 8909 8862 7444 6543 9950 3985 BAJFINANCE 4735 5005 4957 4220 3507 5373 1783 BHARTIARTL 554 560 521 485 517 612 362 BPCL 384 399 392 382 381 510 252 BRITANNIA 3501 3596 3615 3629 3564 4010 2100 CIPLA 826 830 796 779 719 865 354 COALINDIA 126 138 135 127 131 193 110 DIVISLAB 3370 3701 3668 3420 2972 3915 1626 DRREDDY 4603 5183 5062 4997 4549 5513 2495 EICHERMOT 2744 2786 2625 2404 2102 3037 1245 GAIL 125 134 122 105 100 146 65 GRASIM 1056 1008 940 848 720 1115 385 HCLTECH 914 989 915 868 733 1067 375 HDFC 2378 2621 2455 2193 1981 2777 1473 HDFCBANK 1391 1448 1420 1299 1158 1512 739 HDFCLIFE 678 700 673 629 590 731 340 HEROMOTOCO 3256 3216 3141 3103 2795 3520 1475 HINDALCO 226 251 242 210 181 275 85 HINDUNILVR 2264 2384 2307 2215 2185 2603 1750 ICICIBANK 537 541 516 458 405 561 268 INDUSINDBK 846 914 894 760 623 1346 236 INFY 1239 1318 1224 1142 967 1393 509 IOC 93 96 92 85 85 120 71 ITC 203 211 206 190 190 239 135 JSWSTEEL 367 393 373 337 272 413 133 KOTAKBANK 1713 1894 1898 1662 1484 2027 1001 LT 1335 1345 1253 1084 991 1396 648 M&M 750 781 745 680 595 844 245 MARUTI 7207 7905 7611 7269 6568 8329 4001 NESTLEIND 17060 17991 17943 17092 16946 18844 12200 NTPC 89 98 98 92 93 119 73 ONGC 88 97 92 81 80 118 50 POWERGRID 184 196 194 182 176 208 122 RELIANCE 1842 1965 1969 2059 1908 2369 867 SBILIFE 864 903 876 845 823 1017 519 SBIN 282 289 271 236 210 332 149 SHREECEM 22773 24263 24239 22518 21782 25980 15410 SUNPHARMA 586 596 570 535 512 628 312 TATAMOTORS 263 236 201 169 136 307 64 TATASTEEL 601 677 629 515 426 732 251 TCS 3111 3162 2931 2766 2433 3340 1506 TECHM 961 1011 949 876 731 1082 463 TITAN 1420 1521 1462 1334 1163 1621 721 ULTRACEMCO 5327 5468 5194 4744 4268 5832 2910 UPL 561 522 475 477 454 601 240 WIPRO 418 429 388 359 295 467 159

5 Institutional Equity Research NIFTY 13635 IN FOCUS February 01, 2021 Support 13499 Stock in Focus GSPL MARKET LENS 13363 Intraday Pic HDFC Resistance 13869 Intraday Pick POWERGRID 14103 Intraday Pick SBIN Bulk Deals Snapshot Deal Date Scrip Code Company Client Name Deal Type* Quantity Price 29/01/2021 541402 AFFORDABLE AYAN SHIRISHBHAI SHAH B 54,400 73.72 29/01/2021 541402 AFFORDABLE AYAN SHIRISHBHAI SHAH S 54,400 76.80 29/01/2021 541402 AFFORDABLE ANU AGA FAMILY DISCRETIONARY TRUST S 86,400 74.59 29/01/2021 541402 AFFORDABLE MEHER AND PHEROZ PUDUMJEE FAMILY DISCRETIONARY TRUST S 86,400 77.00 29/01/2021 541402 AFFORDABLE VIJAY KISHANLAL KEDIA B 137,600 76.98 29/01/2021 539800 CHDCHEM KOTHARI TRADE INVESTMENTS PRIVATE LIMITED . B 68,892 34.45 29/01/2021 539800 CHDCHEM KOTHARI TRADE INVESTMENTS PRIVATE LIMITED . S 68,892 34.45 29/01/2021 539884 DARSHANORNA MANISH SHAH S 75,000 13.07 29/01/2021 542803 ELLORATRAD VISHNUPRASAD SOMABHAI PATEL S 7,500 80.25 29/01/2021 539679 KAPILRAJ KOTHARI TRADE INVESTMENTS PRIVATE LIMITED . B 27,674 10.00 29/01/2021 539679 KAPILRAJ KOTHARI TRADE INVESTMENTS PRIVATE LIMITED . S 23,989 10.00 29/01/2021 509040 NETLINK SHASHANK PRAVINCHANDRA DOSHI S 74,996 13.25 29/01/2021 509040 NETLINK VARSHABEN JIGNESHKUMAR THOBHANI B 75,000 13.25 29/01/2021 539291 OZONEWORLD VIRALKUMAR RASIKBHAI PATEL S 38,608 94.43 29/01/2021 539291 OZONEWORLD RUPAL SANJAY SHAH B 32,000 94.90 29/01/2021 540159 PURPLE BIRJU PRAVINCHANDRA SANGHVI S 81,998 40.66 29/01/2021 540175 REGENCY GAURAV THAKUR S 20,000 14.35 29/01/2021 539026 SSPNFIN ASHOK KUMAR SINGH B 24,000 28.53 29/01/2021 539026 SSPNFIN RAJESH RAMANLAL KAPADIA S 24,000 27.99 29/01/2021 531752 SUNTECHNO SIMPLEX TRADING & AGENCIES LTD S 9,930,000 .20 29/01/2021 531752 SUNTECHNO KRISHNA CORPORATION S 13,800,000 .20 29/01/2021 531752 SUNTECHNO R SATHIAMURTHI B 20,000,000 .20 29/01/2021 532070 SUPRBPA DIMPLE RAJ JIVRAJANI S 37,599 12.62 29/01/2021 532070 SUPRBPA VISHALVIPINBHAIBHATT B 5,750 11.83 29/01/2021 532070 SUPRBPA VISHALVIPINBHAIBHATT S 46,239 12.20 29/01/2021 532070 SUPRBPA AEGIS INVESTMENT FUND B 175,000 12.48 29/01/2021 532070 SUPRBPA SUBHODEEP DUTTA S 30,001 12.41 29/01/2021 539402 VAL ARYAMAN BROKING LIMITED S 38,400 25.15 29/01/2021 539402 VAL URAVI T AND WEDGE LAMPS LTD B 38,400 25.15 29/01/2021 539222 VMV RAMESH RAMSHANKAR VYAS S 32,500 29.88 29/01/2021 503624 ZSVARAJT BHAVESH RAJNIKANT MEHTA S 170,016 5.51

*B - Buy, S - Sell, ** = Weighted Average Trade Price / Trade Price 6 Institutional Equity Research NIFTY 13635 IN FOCUS February 01, 2021 Support 13499 Stock in Focus GSPL MARKET LENS 13363 Intraday Pic HDFC Resistance 13869 Intraday Pick POWERGRID 14103 Intraday Pick SBIN

Monthly Economic Calendar

Date Country Event Period Survey Prior 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 13635 IN FOCUS February 01, 2021 Support 13499 Stock in Focus GSPL MARKET LENS 13363 Intraday Pic HDFC Resistance 13869 Intraday Pick POWERGRID 14103 Intraday Pick SBIN

Corporate Actions Company Name Ex-Date Purpose Phillips Carbon Black Limited 01-Feb-21 Interim Dividend - Rs 7 Per Share Symphony Limited 01-Feb-21 Interim Dividend - Re 1 Per Share Government of 01-Feb-21 Interest Payment Sujana Universal Industries Limited 01-Feb-21 Delist Pursuant To Nclt Order Sundaram Finance Limited 02-Feb-21 Interim Dividend - Rs 12 Per Share Sagar Cements Limited 02-Feb-21 Interim Dividend - Rs 2 Per Share Kajaria Ceramics Limited 02-Feb-21 Interim Dividend - Rs 10 Per Share KNR Constructions Limited 03-Feb-21 Bonus 1:1 Kewal Kiran Clothing Limited 03-Feb-21 Interim Dividend - Rs 8.00 Per Share Menon Bearings Limited 03-Feb-21 Interim Dividend Wendt (India) Limited 03-Feb-21 Interim Dividend - Rs 10 Per Share

Result Calendar Company name Board Meeting Date Purpose Castrol India Limited 01-Feb-21 Financial Results/Dividend Coromandel International Limited 01-Feb-21 Financial Results Ester Industries Limited 01-Feb-21 Financial Results Finolex Industries Limited 01-Feb-21 Financial Results Gujarat Sidhee Cement Limited 01-Feb-21 Financial Results Kansai Nerolac Paints Limited 01-Feb-21 Financial Results Lasa Supergenerics Limited 01-Feb-21 Financial Results Mangalore Refinery and Petrochemicals Limited 01-Feb-21 Financial Results Mastek Limited 01-Feb-21 Financial Results OnMobile Global Limited 01-Feb-21 Financial Results Rane Brake Lining Limited 01-Feb-21 Financial Results Limited 01-Feb-21 Financial Results South West Pinnacle Exploration Limited 01-Feb-21 Financial Results Subex Limited 01-Feb-21 Financial Results/Dividend Sundaram Finance Holdings Limited 01-Feb-21 Financial Results Suryalakshmi Cotton Mills Limited 01-Feb-21 Financial Results Triveni Turbine Limited 01-Feb-21 Financial Results Zydus Wellness Limited 01-Feb-21 Financial Results Adani Total Gas Limited 02-Feb-21 Financial Results Adani Total Gas Limited 02-Feb-21 Financial Results Ajanta Pharma Limited 02-Feb-21 Financial Results Alkyl Amines Chemicals Limited 02-Feb-21 Financial Results/Dividend/Other business matters Allied Digital Services Limited 02-Feb-21 Financial Results/Other business matters Balrampur Chini Mills Limited 02-Feb-21 Financial Results/Dividend BLS International Services Limited 02-Feb-21 Financial Results/Dividend Carborundum Universal Limited 02-Feb-21 Financial Results Century Enka Limited 02-Feb-21 Financial Results 8 Institutional Equity Research NIFTY 13635 IN FOCUS February 01, 2021 Support 13499 Stock in Focus GSPL MARKET LENS 13363 Intraday Pic HDFC Resistance 13869 Intraday Pick POWERGRID 14103 Intraday Pick SBIN

Result Calendar Company name Board Meeting Date Purpose Cera Sanitaryware Limited 02-Feb-21 Financial Results Control Print Limited 02-Feb-21 Financial Results/Dividend Dhanuka Agritech Limited 02-Feb-21 Financial Results Dhanuka Agritech Limited 02-Feb-21 Financial Results Dixon Technologies (India) Limited 02-Feb-21 Financial Results/Stock Split EPL Limited 02-Feb-21 Financial Results EPL Limited 02-Feb-21 Financial Results Escorts Limited 02-Feb-21 Financial Results/Other business matters Gayatri Highways Limited 02-Feb-21 Financial Results Gokul Agro Resources Limited 02-Feb-21 Financial Results Greenlam Industries Limited 02-Feb-21 Financial Results Gujarat State Fertilizers & Chemicals Limited 02-Feb-21 Financial Results HIL Limited 02-Feb-21 Financial Results/Dividend Housing Development Finance Corporation Limited 02-Feb-21 Financial Results/Fund Raising Iifl Wealth Management Limited 02-Feb-21 Financial Results Intellect Design Arena Limited 02-Feb-21 Financial Results Khaitan Chemicals & Fertilizers Limited 02-Feb-21 Financial Results Krishana Phoschem Limited 02-Feb-21 Financial Results/Other business matters Lincoln Pharmaceuticals Limited 02-Feb-21 Financial Results Mafatlal Finance Limited 02-Feb-21 Financial Results MT Educare Limited 02-Feb-21 Financial Results/Other business matters N. B. I. Industrial Finance Company Limited 02-Feb-21 Financial Results Neuland Laboratories Limited 02-Feb-21 Financial Results NOCIL Limited 02-Feb-21 Financial Results Orbit Exports Limited 02-Feb-21 Financial Results Oriental Carbon & Chemicals Limited 02-Feb-21 Financial Results PI Industries Limited 02-Feb-21 Financial Results/Dividend Pioneer Embroideries Limited 02-Feb-21 Financial Results Ramco Industries Limited 02-Feb-21 Financial Results Ratnamani Metals & Tubes Limited 02-Feb-21 Financial Results Sanwaria Consumer Limited 02-Feb-21 Financial Results Siyaram Silk Mills Limited 02-Feb-21 Financial Results Standard Industries Limited 02-Feb-21 Financial Results TATA CONSUMER PRODUCTS LIMITED 02-Feb-21 Financial Results Tata Investment Corporation Limited 02-Feb-21 Financial Results Vinati Organics Limited 02-Feb-21 Financial Results Wonderla Holidays Limited 02-Feb-21 Financial Results Adani Enterprises Limited 03-Feb-21 Financial Results Adani Green Energy Limited 03-Feb-21 Financial Results Ambika Cotton Mills Limited 03-Feb-21 Financial Results Apollo Tyres Limited 03-Feb-21 Financial Results Aptech Limited 03-Feb-21 Financial Results Arvind Fashions Limited 03-Feb-21 Financial Results 9 Institutional Equity Research NIFTY 13635 IN FOCUS February 01, 2021 Support 13499 Stock in Focus GSPL MARKET LENS 13363 Intraday Pic HDFC Resistance 13869 Intraday Pick POWERGRID 14103 Intraday Pick SBIN

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 13635 IN FOCUS February 01, 2021 Support 13499 Stock in Focus GSPL MARKET LENS 13363 Intraday Pic HDFC Resistance 13869 Intraday Pick POWERGRID 14103 Intraday Pick SBIN

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