MARKET LENS 11537 Intraday Pic MARICO Resistance 11878 Intraday Pick SIEMENS 12026 Intraday Pick UPL

EQUITY INDICES

Indices Absolute Change Percentage Change Domestic Last Trade Change 1-D 1-Mth YTD BSE Sensex 39,922 (600) (1.5%) 4.9% (3.2%) CNX Nifty 11,730 (160) (1.3%) 4.3% (3.6%) S&P CNX 500 9,632 (116) (1.2%) 3.1% (2.4%) SENSEX 50 12,285 (174) (1.4%) 3.9% (3.6%)

International Last Trade Change 1-D 1-Mth YTD DJIA 26,520 (943) (3.4%) (4.5%) (7.1%) NASDAQ 11,005 (426) (3.7%) (1.5%) 22.7% NIKKEI 23,242 (177) (0.8%) 0.2% (1.8%) HANGSENG 24,354 (355) (1.4%) 3.9% (13.6%))

ADRs / GDRs Last Trade Change 1-D 1-Mth YTD Dr. Reddy’s Lab (ADR) 64.9 (3.1) (4.6%) (6.7%) 59.9% Tata Motors (ADR) 8.9 (0.6) (6.7%) (2.6%) (31.6%) STOCK IN FOCUS Infosys (ADR) 14.4 (0.5) (3.2%) 4.1% 39.3% f Aarti Industries’ revenue is likely to increase by ~8% YoY due to ICICI Bank (ADR) 10.6 (0.6) (5.4%) 7.4% (30.0%) demand revival and higher capacity utilization in Q2FY21. Its operating HDFC Bank (ADR) 58.6 (1.3) (2.2%) 17.2% (7.6%) capacity is expected to be >80%. Within the specialty chemicals Axis Bank (GDR) 33.2 (1.4) (3.9%) 12.9% (37.5%) segment, higher demand from the automobile sector is expected to Reliance Ind (GDR) 54.4 (0.8) (1.5%) (10.5%) 27.9% boost its volume. Further, its pharma business is expected to continue COMMODITY MARKET its growth trajectory by aiming for an annual growth rate of ~12-18%. Key Commodities Last Trade Change 1-D 1-Mth YTD PAT is expected to grow by ~4% YoY on the back of the higher volume Brent Crude ($/bl) 40.0 0.4 0.9% (2.4%) (39.5%) in 2QFY21. Silver ($/Oz) 23.4 0.1 0.3% (0.2%) 29.6% Gold ($/Oz) 1,878.8 (0.5) (0.0%) (0.9%) 21.2% f Key long term triggers continue to be in pharma segment, where Copper LME ($/MT) 3.1 0.0 0.3% 1.4% 9.3% significant growth with diversification is seen across products/ Aluminium LME ($/MT) 1,810.0 (0.5) (0.1%) 3.9% 1.1% geographies and the geographic advantage its plants (13 for specialty chemicals and 4 for pharma) located in western India has by having CURRENCY RATES proximity to ports. Last Trade Change 1-D 1-Mth YTD f We expect ARTO’s revenue, EBITDA, and PAT to witness 13%, 17%, and USD/INR 74.1 0.20 0.3% 0.2% 3.5% 20% CAGR, respectively over FY20-FY23E. Accordingly, we expect its EUR/INR 87.0 (0.27) (0.3%) 0.5% 8.3% RoCE/ROE to improve by 474bps/316bps during the same period. We RATES have BUY rating on ARTO with a 2-year Target Price of Rs1,209 Last Trade Change 1-D 1-Mth YTD (23x of FY23E EPS). T-Bill - 91 D 3.2 0.02 0.00 (0.03) (0.36) 10 Year G-sec Yield 5.9 0.01 0.00 (0.03) 0.00 Intraday Picks INVESTMENT ACTIVITY (RS. CR) MARICO (PREVIOUS CLOSE: 363) BUY Category BUY SELL NET Prev For today’s trade, long position can be initiated in the range of Rs354- FII 7,833.4 8,964.4 (1,131.0) 3,514.9 350 for the target of Rs369 with a strict stop loss of Rs342. DII 3,843.2 3,841.8 1.5 (1,570.8)

SIEMENS (PREVIOUS CLOSE: 1286) BUY EXCHANGE TURNOVER For today’s trade, long position can be initiated in the range of Rs1255- Exchange Rs Crore 1245 for the target of Rs1305 with a strict stop loss of Rs1224. BSE Equity 4,012.0 UPL (PREVIOUS CLOSE: 451) BUY BSE Derivatives 1,88,847.4 For today’s trade, long position can be initiated in the range of Rs439-435 NSE Equity 55,981.6 for the target of Rs459 with a strict stop loss of Rs424. NSE Derivatives 29,01,390.2 1 Institutional Equity Research NIFTY 11730 IN FOCUS October 29, 2020 Support 11633 Stock in Focus Aarti Industries MARKET LENS 11537 Intraday Pic MARICO Resistance 11878 Intraday Pick SIEMENS 12026 Intraday Pick UPL

Technical Research

MARKET SYNOPSIS f On Wednesday, NSE-NIFTY begun the session on a stable note and later resumed its southward journey. On the lower side, the index took support at 11,685 level and remained sideways. Finally, the index closed the day with the loss of 160 points at 11,730 mark. f NSE Cash segment reported turnover of Rs 55,982 crore as compared to Rs 59,789 crore reported earlier. f Overall market breadth turned from positive to negative, where 602 stocks advanced against 1251 declined stocks. f Negative trend was observed across sectoral indices during the day, where rate sensitive sectors emerged as top losers and they have reported loss between 2% and 2.3%.

NSE-NIFTY OUTLOOK f NSE-NIFTY resumed its southward journey post a rebound and closed below its short-term moving average 20-day EMA for the first time in this month. Weakness across the board dragged the index down. Even overall market breadth remained negative. As mentioned earlier, our near-term bearish stance will remain intact as its key technical indicators are negatively poised. A sustainable move below 11,661 mark will confirm short-term bearish reversal. That could drag the index towards 11,400 and 11,200 levels subsequently. On the higher side, its psychological hurdle point-12,000 level will cap the up-move. f As for the day, support is placed at around 11,633 and then at 11,537 levels, while resistance is observed at 11,878 and then at 12,026 levels.

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Derivatives Snapshot f NIFTY50 reversed its previous day gains with sharp profit booking across sectors and stocks to close near the low point of the day. Nifty closed down by 160 points at 11,729 levels. Among the nifty stocks 9 advanced and 41 declined during the day.

f Among sectors negative momentum was in Banks, Pharma and Realty sectors to decline by 2% average for the day while other sectors declined by 1% average for the day

f Broader market indices remained negative with NIFTY 100,200 and 500 to close down by 1.2% average while midcap indices and small cap indices declined by 1% for the day.

f Nifty Oct futures end with 8 points discount at 11,721 mark while on other hand, Bank Nifty Oct futures ended with the discount of 18 points at 24,214 mark.

f Nifty has closed near the average and we believe there could be more weakness in high beta sectors and stocks. On the higher side 11,900 will act as strong resistance from current levels.

Sectoral Activity: Amongst sectoral index, Banks and Realty remained in focus with negative momentum. Stock Activity: ICICI Bank and DLF have witnessed short build up in today’s trade.

TOP 5 PRICE GAINERS Stock Name LTP % Price Chg % Vol Chg %OI Chg Support Pivot Resistance BHARTI AIRTEL LIMITED 451.85 4.27% 866.92% -2.49% 433 461 479 UPL LIMITED 450.75 2.78% 48.21% -5.67% 441 448 458 MARICO LIMITED 363.00 1.82% 157.92% -3.34% 354 359 369 ADANI ENTERPRISES LIMITED 318.85 1.53% -12.73% -4.33% 312 317 323 SIEMENS LTD 1285.85 1.52% 46.34% -6.23% 1259 1276 1304

TOP 5 PRICE LOSERS Stock Name LTP % Price Chg % Vol Chg %OI Chg Support Pivot Resistance VEDANTA LIMITED 95.40 -6.93% 50.17% 4.31% 93 96 98 DLF LIMITED 156.00 -5.51% 78.28% 2.19% 152 159 163 AMARA RAJA BATTERIES LTD. 745.80 -5.20% 56.84% -24.29% 727 759 777 APOLLO TYRES LTD 143.20 -4.28% -31.87% -7.97% 140 145 148 MUTHOOT FINANCE LIMITED 1200.80 -3.94% -43.13% -11.29% 1178 1216 1239

TOP 5 OI GAINERS Stock NameLTP % Price Chg % Vol Chg %OI Chg Support Pivot Resistance AXIS BANK LIMITED 504.70 -0.67% 25.18% 12.75% 493 505 517 VEDANTA LIMITED 95.40 -6.93% 50.17% 4.31% 93 96 98 TITAN COMPANY LIMITED 1217.00 -1.20% 170.49% 4.29% 1188 1214 1244 CUMMINS INDIA LTD 443.25 -3.14% 1.83% 3.53% 435 449 457 UNITED BREWERIES LTD 907.40 -1.25% -32.73% 2.73% 898 911 921

TOP 5 OI LOSERS Stock Name LTP % Price Chg % Vol Chg %OI Chg Support Pivot Resistance AMARA RAJA BATTERIES LTD. 745.80 -5.20% 56.84% -24.29% 727 759 777 COFORGE LIMITED 2242.30 0.61% -44.80% -18.89% 2215 2247 2275 KOTAK MAHINDRA BANK LTD 1551.35 -2.29% -78.16% -16.30% 1537 1556 1571 VOLTAS LTD 703.00 0.21% 41.90% -16.01% 696 707 714 ASIAN PAINTS LIMITED 2159.55 -1.74% -36.23% -15.77% 2134 2176 2202

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TOP 5 “RISE IN % DEL CHG” Stock Name LTP % Price Chg % Vol Chg %Del Chg Support Pivot Resistance BHARTI AIRTEL LIMITED 451.85 4.27% 866.92% 596.09% 433 461 479 BHARAT FORGE LTD 460.05 -1.81% 100.80% 315.53% 450 467 477 DLF LIMITED 156.00 -5.51% 78.28% 303.73% 152 159 163 UNITED SPIRITS LIMITED 512.45 -1.15% 69.89% 296.02% 508 515 520 TATA MOTORS LIMITED 134.80 -0.63% 167.95% 193.05% 131 137 141

TOP 5 “DECLINE IN % DEL CHG” Stock Name LTP % Price Chg % Vol Chg %Del Chg Support Pivot Resistance ITC LTD 165.50 -1.02% -63.34% -81.98% 164 166 168 ZEE ENTERTAINMENT ENT LTD 181.40 -3.33% -47.97% -80.10% 179 183 185 MRF LTD 66844.55 -1.99% -47.21% -79.31% 65402 66802 68245 SHREE CEMENT LIMITED 21361.20 -1.72% -66.29% -79.28% 21132 21460 21689 KOTAK MAHINDRA BANK LTD 1551.35 -2.29% -78.16% -79.25% 1537 1556 1571

SECTORAL ACTIVITY Value Average of OI Average of Price Total Average of Total OI Change % Change % Volume Volume Change % AUTO 382998300 -7.64% -1.27% 257502065 31.63% BANKS 1171617575 -3.20% -1.90% 277738213 -10.09% CAPGOODS 189468903 -4.19% -1.39% 35183269 -6.39% CEMENT 50047550 -8.35% -1.50% 9165436 -41.32% FINANCE 355370948 -6.20% -1.85% 81828818 -12.57% FMCG 365086980 -4.95% -0.51% 47708661 -10.99% IT 89959875 -8.94% -1.43% 16621117 -20.99% METALS 485226100 -3.14% -1.11% 94290935 2.26% OIL-GAS 434812435 -3.81% -1.20% 68629591 -17.01% OTHERS 252418334 -5.76% -1.46% 37015039 1.55% POWER 234485600 -4.21% -1.03% 66319178 -30.16% TELECOM 910186047 -3.81% 0.95% 282086144 325.81% Grand Total 5095772797 -5.30% -1.31% 1308261105 3.35%

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Institutional Equity Research NIFTY 11730 IN FOCUS October 29, 2020 Support 11633 Stock in Focus Aarti Industries MARKET LENS 11537 Intraday Pic MARICO Resistance 11878 Intraday Pick SIEMENS 12026 Intraday Pick UPL Pivot Table Name LTP Support 2 Support 1 Pivot Resistance 1 Resistance 2 Nifty 50 11730 11537 11633 11781 11878 12026 ADANI PORT & SEZ LTD 354 341 347 359 365 377 ASIAN PAINTS LIMITED 2160 2108 2134 2176 2202 2244 AXIS BANK LIMITED 505 481 493 505 517 529 BAJAJ AUTO LIMITED 2944 2857 2901 2934 2977 3011 BAJAJ FINSERV LTD. 5642 5525 5584 5663 5722 5801 BAJAJ FINANCE LIMITED 3371 3261 3316 3403 3458 3545 BHARTI AIRTEL LIMITED 452 415 433 461 479 507 BHARAT PETROLEUM CORP LT 345 339 342 346 349 353 BRITANNIA INDUSTRIES LTD 3542 3481 3511 3555 3586 3630 CIPLA LTD 765 751 758 769 776 787 COAL INDIA LTD 113 111 112 113 114 115 DIVI’S LABORATORIES LTD 3131 3050 3091 3151 3192 3252 DR. REDDY’S LABORATORIES 4951 4777 4864 5007 5094 5237 EICHER MOTORS LTD 2135 2081 2108 2127 2154 2173 GAIL (INDIA) LTD 83 81 82 84 84 86 GRASIM INDUSTRIES LTD 777 763 770 780 787 797 HCL TECHNOLOGIES LTD 830 804 817 834 847 865 HDFC LTD 1969 1913 1941 1993 2021 2073 HDFC BANK LTD 1210 1184 1197 1214 1227 1245 HDFC LIFE INS CO LTD 586 577 582 588 593 599 HERO MOTOCORP LIMITED 2946 2866 2906 2971 3011 3075 HINDALCO INDUSTRIES LTD 170 164 167 172 175 180 HINDUSTAN UNILEVER LTD. 2164 2124 2144 2164 2184 2204 ICICI BANK LTD. 396 385 391 400 406 415 INDUSIND BANK LIMITED 593 568 581 598 611 628 INFOSYS LIMITED 1077 1049 1063 1084 1098 1118 INDIAN OIL CORP LTD 78 77 77 78 79 79 ITC LTD 166 163 164 166 168 170 JSW STEEL LIMITED 306 297 302 308 313 319 KOTAK MAHINDRA BANK LTD 1551 1522 1537 1556 1571 1590 LARSEN & TOUBRO LTD. 983 963 973 984 994 1004 MAHINDRA & MAHINDRA LTD 604 585 595 604 613 623 MARUTI SUZUKI INDIA LTD. 7186 6987 7087 7209 7309 7431 NESTLE INDIA LIMITED 17119 16755 16937 17116 17298 17477 NTPC LTD 88 86 87 89 90 92 OIL AND NATURAL GAS CORP. 66 65 66 67 67 68 POWER GRID CORP. LTD. 173 170 171 173 174 176 RELIANCE INDUSTRIES LTD 2011 1975 1993 2026 2044 2076 SBI LIFE INSURANCE CO LTD 771 760 765 772 777 784 STATE BANK OF INDIA 190 186 188 192 194 197 SHREE CEMENT LIMITED 21361 20903 21132 21460 21689 22017 SUN PHARMACEUTICAL IND L 463 453 458 467 472 481 TATA MOTORS LIMITED 135 127 131 137 141 147 TATA STEEL LIMITED 402 389 396 407 414 425 TATA CONSULTANCY SERV LT 2622 2578 2600 2628 2650 2678 TECH MAHINDRA LIMITED 804 778 791 814 827 849 TITAN COMPANY LIMITED 1217 1159 1188 1214 1244 1270 ULTRATECH CEMENT LIMITED 4469 4365 4417 4505 4558 4646 UPL LIMITED 451 431 441 448 458 465 WIPRO LTD 336 331 333 337 339 342 5 `

Institutional Equity Research NIFTY 11730 IN FOCUS October 29, 2020 Support 11633 Stock in Focus Aarti Industries MARKET LENS 11537 Intraday Pic MARICO Resistance 11878 Intraday Pick SIEMENS 12026 Intraday Pick UPL Simple Moving Average Scrip Name Close Rate 20-SMA 50-SMA 100-SMA 200-SMA HIGH_52WEEK LOW_52WEEK NIFTY 11730 11776 11537 11143 10710 12431 7511 BANKNIFTY 24233 23593 22930 22342 23265 32613 16116 SENSEX 39922 39959 39104 37744 36421 42274 25639 ADANIPORTS 354 355 350 342 331 395 203 ASIANPAINT 2160 2086 2016 1864 1797 2219 1431 AXISBANK 505 474 459 445 491 766 286 BAJAJ-AUTO 2944 3003 2985 2950 2813 3315 1789 BAJAJFINSV 5642 5888 6038 6077 6458 9950 3985 BAJFINANCE 3371 3324 3407 3246 3235 4923 1783 BHARTIARTL 452 421 466 513 513 612 350 BPCL 345 345 382 392 389 549 252 BRITANNIA 3542 3676 3727 3702 3360 4010 2100 CIPLA 765 776 759 717 611 829 355 COALINDIA 113 114 123 128 142 218 110 DIVISLAB 3131 3128 3166 2813 2481 3389 1626 DRREDDY 4951 5097 4812 4488 3945 5513 2495 EICHERMOT 2135 2196 2173 2058 1860 2387 1245 GAIL 83 86 91 95 97 140 65 GRASIM 777 766 726 669 643 837 385 HCLTECH 830 850 789 709 621 911 375 HDFC 1969 1959 1845 1833 1895 2500 1473 HDFCBANK 1210 1191 1128 1093 1068 1306 739 HDFCLIFE 586 571 581 580 551 648 340 HEROMOTOCO 2946 3178 3074 2859 2485 3395 1475 HINDALCO 170 176 180 171 158 221 85 HINDUNILVR 2164 2146 2135 2162 2149 2614 1757 ICICIBANK 396 397 382 370 393 552 268 INDUSINDBK 593 609 593 551 657 1597 236 INFY 1077 1100 1018 928 815 1186 509 IOC 78 76 80 84 89 143 71 ITC 166 169 179 187 189 266 135 JSWSTEEL 306 301 290 250 230 327 133 KOTAKBANK 1551 1366 1352 1345 1381 1740 1001 LT 983 916 925 929 983 1468 661 M&M 604 615 617 589 515 667 245 MARUTI 7186 6964 6954 6510 6173 7625 4001 NESTLEIND 17119 16066 16057 16393 16304 18370 12200 NTPC 88 83 90 90 95 125 73 ONGC 66 68 73 77 82 150 50 POWERGRID 173 163 170 172 173 211 122 RELIANCE 2011 2178 2179 2040 1694 2369 865 SBILIFE 771 800 825 831 817 1026 519 SBIN 190 196 198 193 215 351 149 SHREECEM 21361 20871 20503 21270 21108 25355 15410 SUNPHARMA 463 497 508 502 465 565 312 TATAMOTORS 135 134 137 122 119 202 64 TATASTEEL 402 386 398 375 362 506 251 TCS 2622 2710 2496 2338 2159 2885 1506 TECHM 804 837 790 701 673 888 471 TITAN 1217 1227 1177 1098 1075 1341 721 ULTRACEMCO 4469 4376 4132 4018 3939 4754 2910 UPL 451 482 498 474 458 618 240 WIPRO 336 344 312 280 245 382 159 ZEEL 181 191 202 183 189 364 114

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Institutional Equity Research NIFTY 11730 IN FOCUS October 29, 2020 Support 11633 Stock in Focus Aarti Industries MARKET LENS 11537 Intraday Pic MARICO Resistance 11878 Intraday Pick SIEMENS 12026 Intraday Pick UPL Bulk Deals Snapshot Deal Date Scrip Code Company Client Name Deal Type* Quantity Price 28/10/2020 537492 AGRIMONY ARTHA VRDDHI LIMITED S 160,000 4.3 28/10/2020 537492 AGRIMONY POOJA AMIT CHATURVEDI B 90,000 4.7 28/10/2020 537492 AGRIMONY AMIT M CHATURVEDI B 140,000 4.2 28/10/2020 540697 AMFL RENUKABEN RAMESHBHAI SHAH S 75,000 1.6 28/10/2020 540697 AMFL GULSHAN SINGH B 101,200 1.6 28/10/2020 540697 AMFL GULSHAN SINGH S 26,718 1.6 28/10/2020 540697 AMFL ZALAK PURVESH PARIKH B 22,622 1.5 28/10/2020 540697 AMFL ZALAK PURVESH PARIKH S 197,500 1.6 28/10/2020 540697 AMFL NOORUL AHAD MUBASHIR B 125,000 1.6 28/10/2020 540697 AMFL NOORUL AHAD MUBASHIR S 52,942 1.5 28/10/2020 524640 ARCHITORG SILKON TRADES LLP B 1,802 16.5 28/10/2020 524640 ARCHITORG SILKON TRADES LLP S 215,310 16.0 28/10/2020 524640 ARCHITORG JITAL MUKESH SHAH B 300,000 16.0 28/10/2020 541276 HARDWYN RISHU AGARWAL S 150,000 24.9 28/10/2020 541276 HARDWYN SANJEEV AND CO SANJEEV KUMAR JAIN B 110,000 24.9 28/10/2020 511551 MONARCH DSP HMK HOLDINGS PRIVATE LIMITED S 438,479 23.5 28/10/2020 540198 OSIAJEE COBIA DISTRIBUTORS PRIVATE LIMITED . S 40,000 40.0 28/10/2020 522229 TANAA BRIDGE INDIA FUND S 290,048 27.7 28/10/2020 522229 TANAA AEGIS INVESTMENT FUND B 288,048 27.8 28/10/2020 512064 VISVEN RAKESH HIRALAL JAIN HUF B 1,300 39.1 28/10/2020 512064 VISVEN AMIT KANUBHAI JASANI S 1,636 36.3 28/10/2020 519064 ZKHANDEN KISHORKUMAR SUNDERDAS S 7,500 9.5 28/10/2020 519064 ZKHANDEN BHAGWANDAS HARIDAS KEWALRAM S 13,500 9.5 28/10/2020 519064 ZKHANDEN RAKESH KUMAR ARORA HUF B 4,500 9.5 28/10/2020 519064 ZKHANDEN VIJAY LAKSHMI ARORA B 13,500 9.5 28/10/2020 519064 ZKHANDEN VIJAY LAKSHMI ARORA S 40 10.5

*B - Buy, S - Sell, ** = Weighted Average Trade Price / Trade Price 7 `

Corporate Actions Company Name Ex-Date Purpose Asahi Songwon Colors Limited 02-Nov-20 Interim Dividend CRISIL Limited 02-Nov-20 Interim Dividend Government of India 02-Nov-20 Interest Payment IL&FS Investment Managers Limited 02-Nov-20 Annual General Meeting/Dividend - Rs 0.60 Per Sh Kennametal India Limited 02-Nov-20 Annual General Meeting Kohinoor Foods Limited 04-Nov-20 Annual General Meeting GOVERNMENT OF INDIA 05-Nov-20 Interest Payment GOVERNMENT OF INDIA 05-Nov-20 Interest Payment Marico Limited 05-Nov-20 Interim Dividend Vaibhav Global Limited 05-Nov-20 Interim Dividend

Result Calendar Company name Board Meeting Date Purpose Balaji Amines Limited 30-Oct-20 Financial Results/Other business matters Deepak Nitrite Limited 30-Oct-20 Financial Results Eimco Elecon (India) Limited 30-Oct-20 Financial Results Emkay Global Financial Services Limited 30-Oct-20 Financial Results Greenpanel Industries Limited 30-Oct-20 Financial Results Indian Oil Corporation Limited 30-Oct-20 Financial Results Intellect Design Arena Limited 30-Oct-20 Financial Results Mahindra Lifespace Developers Limited 30-Oct-20 Financial Results/Other business matters Mahindra Logistics Limited 30-Oct-20 Financial Results/Other business matters Rain Industries Limited 30-Oct-20 Financial Results Sundaram Clayton Limited 30-Oct-20 Financial Results DCB Bank Limited 31-Oct-20 Financial Results ICICI Bank Limited 31-Oct-20 Financial Results IDFC First Bank Limited 31-Oct-20 Financial Results/Other business matters Coromandel International Limited 02-Nov-20 Financial Results Housing Development Finance Corporation Limited 02-Nov-20 Financial Results TCI Developers Limited 02-Nov-20 Financial Results TCI Express Limited 02-Nov-20 Financial Results/Other business matters The Ramco Cements Limited 02-Nov-20 Financial Results Vinyl Chemicals (India) Limited 02-Nov-20 Financial Results CARE Ratings Limited 03-Nov-20 Financial Results/Dividend Cholamandalam Financial Holdings Limited 03-Nov-20 Financial Results Dabur India Limited 03-Nov-20 Financial Results/Dividend Everest Industries Limited 03-Nov-20 Financial Results Godrej Properties Limited 03-Nov-20 Financial Results Gujarat State Fertilizers & Chemicals Limited 03-Nov-20 Financial Results Kansai Nerolac Paints Limited 03-Nov-20 Financial Results Prism Johnson Limited 03-Nov-20 Financial Results 8 `

Ramco Industries Limited 03-Nov-20 Financial Results Ramco Systems Limited 03-Nov-20 Financial Results/Other business matters Ratnamani Metals & Tubes Limited 03-Nov-20 Financial Results Salzer Electronics Limited 03-Nov-20 Financial Results Transport Corporation of India Limited 03-Nov-20 Financial Results Pidilite Industries Limited 04-Nov-20 Financial Results PTL Enterprises Limited 04-Nov-20 Financial Results State Bank of India 04-Nov-20 Financial Results Sundram Fasteners Limited 04-Nov-20 Financial Results/Dividend Container Corporation of India Limited 05-Nov-20 Financial Results/Other business matters Dish TV India Limited 05-Nov-20 Financial Results Esab India Limited 05-Nov-20 Financial Results Godrej Consumer Products Limited 05-Nov-20 Financial Results Gujarat Gas Limited 05-Nov-20 Financial Results ICRA Limited 05-Nov-20 Financial Results Trent Limited 05-Nov-20 Financial Results Bharat Heavy Electricals Limited 06-Nov-20 Financial Results Bosch Limited 06-Nov-20 Financial Results Cipla Limited 06-Nov-20 Financial Results Excel Industries Limited 06-Nov-20 Financial Results Gujarat Narmada Valley Fertilizers and Chemicals Limited 06-Nov-20 Financial Results Ponni Sugars (Erode) Limited 06-Nov-20 Financial Results Sandhar Technologies Limited 06-Nov-20 Financial Results Sonata Software Limited 06-Nov-20 Financial Results/Dividend Tasty Bite Eatables Limited 06-Nov-20 Financial Results TV Today Network Limited 06-Nov-20 Financial Results Meghmani Organics Limited 07-Nov-20 Financial Results Gujarat Sidhee Cement Limited 09-Nov-20 Financial Results JK Cement Limited 09-Nov-20 Financial Results Madras Fertilizers Limited 09-Nov-20 Financial Results PTC India Limited 09-Nov-20 Financial Results Shiva Texyarn Limited 09-Nov-20 Financial Results Bharat Bijlee Limited 10-Nov-20 Financial Results Endurance Technologies Limited 10-Nov-20 Financial Results Exide Industries Limited 10-Nov-20 Financial Results Gillette India Limited 10-Nov-20 Financial Results Hindustan Copper Limited 10-Nov-20 Financial Results Procter & Gamble Hygiene and Health Care Limited 10-Nov-20 Financial Results Raymond Limited 10-Nov-20 Financial Results Tata Power Company Limited 10-Nov-20 Financial Results/Other business matters The Motor & General Finance Limited 10-Nov-20 Financial Results TTK Prestige Limited 10-Nov-20 Financial Results Garden Reach Shipbuilders & Engineers Limited 11-Nov-20 Financial Results

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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

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Reliance Securities Limited (RSL), the broking arm of Reliance Capital is one of the India’s leading retail 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. 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