Institutional Equity Research NIFTY 16280 IN FOCUS August 11 2021 Support 16202 in Focus M&M MARKET LENS 16124 Intraday Pick ASIANPAINT Resistance 16359 Intraday Pick HDFCLIFE 16438 Intraday Pick HINDUNILVR

EQUITY INDICES

Indices Absolute Change Percentage Change Domestic Last Trade Change 1-D 1-Mth YTD BSE Sensex 54,555 151.8 0.3% 4.2% 14.3% CNX Nifty 16,280 21.9 0.1% 3.7% 16.4% S&P CNX 500 13,893 (42.3) (0.3%) 2.5% 20.6% SENSEX 50 17,083 27.0 0.2% 3.8% 16.7%

International Last Trade Change 1-D 1-Mth YTD DJIA 35,265 162.8 0.5% 0.8% 15.2% NASDAQ 14,788 (72.1) (0.5%) 0.4% 14.7% NIKKEI 28,057 168.9 0.6% (1.8%) 2.3% HANGSENG 26,662 56.3 0.0% (3.3%) (2.3%)

ADRs / GDRs Last Trade Change 1-D 1-Mth YTD Dr. Reddy’s Lab (ADR) 63.6 (0.8) (1.3%) (14.2%) (10.8%) STOCK IN FOCUS Tata Motors (ADR) 19.7 (0.1) (0.7%) (2.9%) 56.7% f M&M (MM) closed 2% higher as against Nifty remaining flat Infosys (ADR) 22.8 (0.1) (0.4%) 8.2% 34.4% yesterday. ICICI Bank (ADR) 19.0 (0.1) (0.6%) 7.8% 28.1% HDFC Bank (ADR) 75.4 0.2 0.3% 2.9% 4.3% f We believe that new products and the company’s stronger presence (GDR) 50.6 (0.5) (1.0%) 0.8% 19.6% in rural markets (likely to revive soon with healthy agri output) would Reliance Ind (GDR) 56.4 (0.2) (0.3%) 0.7% 3.1% drive M&M’s overall volume and profitability, going forward. f Fundamental parameters are favourable for tractor segment. MM’s COMMODITY MARKET Key Commodities Last Trade Change 1-D 1-Mth YTD segmental profitability from tractor segment is high enough (~60% Brent Crude ($/bl) 70.6 (0.1) (0.1%) (6.1%) 36.3% of operating profit is attributable to Farm segment) to support overall Silver ($/Oz) 23.3 (0.1) (0.5%) (11.3%) (12.4%) business. Gold ($/Oz) 1,732.0 0.3 (0.0%) (4.1%) (9.2%) f We believe that the government’s focus on Agri income and rural Copper LME ($/MT) 9,492.8 (16.0) (0.2%) 0.4% 22.4% thrust would revive rural economy in FY22E and would support Aluminium LME ($/MT) 2,586.0 1.3 0.0% 4.5% 30.7% tractor sales. f Strategic decision on capital allocation, focus on core business CURRENCY RATES and investment, better traction from high margin tractor segment Last Trade Change 1-D 1-Mth YTD and likely recovery in automobile segment would result in steady USD/INR 74.5 0.09 0.1% (0.3%) 1.7% expansion in MM’s valuation multiple. EUR/INR 87.4 (0.16) (0.2%) (1.3%) (2.8%)

f In view of expected rural revival, sizable presence in stable tractor RATES segment and strong product portfolio for rural markets, we maintain Last Trade Change 1-D 1-Mth YTD BUY on MM with a SOTP-based 2-Year Target Price of Rs890. T-Bill - 91 D 3.4 0.02 0.00 (0.01) 0.11 10 Year G-sec Yield 6.2 0.01 0.00 0.00 0.06 Intraday Picks ASIANPAINT (PREVIOUS CLOSE: 2977) SELL INVESTMENT ACTIVITY (RS. CR) For today’s trade, short position can be initiated in the range of Rs Category BUY SELL NET Prev 2990-3010 for the target of Rs. 2940 with a strict stop loss of Rs 3024. FII 6,674.2 6,852.7 (178.5) 211.9 DII 6,338.4 5,649.4 689 (716.2) HDFCLIFE (PREVIOUS CLOSE: 670) BUY For today’s trade, long position can be initiated in the range of Rs 664- EXCHANGE TURNOVER 668 for the target of Rs.682 with a strict stop loss of Rs 659. Exchange Rs Crore BSE Equity 5,027.7 HINDUNILVR (PREVIOUS CLOSE: 2382) BUY BSE Derivatives 3,02,018.5 For today’s trade, long position can be initiated in the range of Rs 2340- NSE Equity 63,433.2 2360 for the target of Rs.2410 with a strict stop loss of Rs 2320. NSE Derivatives 48,42,277.5

1 Institutional Equity Research NIFTY 16280 IN FOCUS August 11 2021 Support 16202 Stock in Focus M&M MARKET LENS 16124 Intraday Pick ASIANPAINT Resistance 16359 Intraday Pick HDFCLIFE 16438 Intraday Pick HINDUNILVR

Technical Research

MARKET SYNOPSIS f On Tuesday, NIFTY-50 recorded new high of 16,359-level post a stable start. In the second half, the index witnessed sharp decline and tested 16,200-level. Later, the index witnessed minor recovery and finally, finished trade with the gain of 22 points at 16,280-level. f NSE Cash segment reported turnover of Rs63,433 crore as compared to Rs57,244 crore reported earlier. f Overall market breadth remained negative, where 351 advanced against 1,675 declined stocks. f Mixed trend was observed across sectoral indices during the day, where IT emerged as a top gainer with the increase of 0.9%. However Media, PSU Bank and Metal emerged as top losers with the decrease of 2.4% - 2.8%.

NSE-NIFTY OUTLOOK f Yesterday, NIFTY-50 witnessed sharp decline from its new life-time-high of 16,359 and after a minor recovery, ended the session on flat to positive note. Overall market breadth remained negative, while mixed trend witnessed across the sectors. Its hourly RSI witnessed bearish divergence and tested its extended breakout line. As per the current set-up, the index may continue to face near- term correction either in terms of price-wise or time-wise mode. In case of decline, the index will find support at around 16,145-level initially and 15,950-level subsequently. On the higher side, the index will face hurdle at around its second possible target-16,400. f As for the day, support is placed at around 16,202 and then at 16,124 levels, while resistance is observed at 16,359 and then at 16,438 levels.

2 Institutional Equity Research NIFTY 16280 IN FOCUS August 11 2021 Support 16202 Stock in Focus M&M MARKET LENS 16124 Intraday Pick ASIANPAINT Resistance 16359 Intraday Pick HDFCLIFE 16438 Intraday Pick HINDUNILVR Derivatives Snapshot f NIFTY50 opened higher on back of positive global cues and resisted to cross the higher band and closed flat to positive for the day. Nifty closed up by 22 point at 16,280 levels. Among the nifty stocks 20 advanced and 29 declined during the day. f Among sectors it was a mixed bag with Metals, Media and PSU Bank to decline by 2.5% average while IT gained by 0.9% for the day. f Broader market indices remained flat with NIFTY 100, 200 and 500 to close up by 0.1% average while midcap indices and small cap indices declined by 1.8% average for the day. f Nifty Aug futures end with 3 points discount at 16,277 mark while on other hand, Bank Nifty Aug futures ended with the premium of 101 points at 36,135 mark. f Nifty has closed in a doji candle near the top and we expect some profit booking on failure of crossover 16,350 levels. On the downside the trend reversal is placed at 15,950 levels.. Sectoral Activity: Amongst sectoral index Metals and Media remained in focus with positive momentum. Stock Activity: JSW Steel and ZEEL have witnessed long unwinding in today’s trade.

3 Institutional Equity Research NIFTY 16280 IN FOCUS August 11 2021 Support 16202 Stock in Focus M&M MARKET LENS 16124 Intraday Pick ASIANPAINT Resistance 16359 Intraday Pick HDFCLIFE 16438 Intraday Pick HINDUNILVR Pivot Table Name LTP Support 2 Support 1 Pivot Resistance 1 Resistance 2 SENSEX 54,555 53,910 54,157 54,371 54,617 54,831 Nifty 50 16,280 16,111 16,185 16,253 16,326 16,394 NiftyBank 36,034 35,386 35,708 35,934 36,255 36,481 ADANIPORTS 693 681 690 704 713 727 ASIANPAINT 2,977 2,952 2,972 2,994 3,014 3,035 AXISBANK 762 733 744 751 762 769 BAJAJ-AUTO 3,798 3,802 3,829 3,864 3,890 3,926 BAJAJFINSV 14,037 13,784 14,014 14,237 14,466 14,689 BAJFINANCE 6,170 6,066 6,129 6,200 6,263 6,334 BHARTIARTL 622 588 594 603 609 618 BPCL 445 446 449 454 457 462 BRITANNIA 3,637 3,588 3,612 3,630 3,655 3,673 CIPLA 913 889 904 912 927 935 COALINDIA 142 139 141 144 147 150 DIVISLAB 4,955 4,750 4,828 4,909 4,987 5,068 DRREDDY 4,770 4,729 4,774 4,804 4,848 4,878 EICHERMOT 2,734 2,687 2,708 2,738 2,760 2,790 GRASIM 1,491 1,481 1,497 1,522 1,537 1,562 HCLTECH 1,064 1,030 1,040 1,054 1,064 1,077 HDFC 2,672 2,577 2,600 2,623 2,647 2,670 HDFCBANK 1,508 1,464 1,484 1,496 1,516 1,527 HDFCLIFE 670 658 663 670 675 682 HEROMOTOCO 2,797 2,802 2,819 2,842 2,860 2,883 HINDALCO 427 420 427 436 444 452 HINDUNILVR 2,382 2,365 2,375 2,385 2,395 2,405 ICICIBANK 701 689 696 701 708 713 INDUSINDBK 1,034 1,020 1,032 1,039 1,051 1,058 INFY 1,677 1,638 1,651 1,659 1,672 1,680 IOC 102 102 103 105 106 107 ITC 210 210 212 215 216 219 JSWSTEEL 722 731 739 751 759 771 KOTAKBANK 1,813 1,750 1,765 1,778 1,793 1,805 LT 1,588 1,570 1,584 1,604 1,618 1,638 M&M 786 752 764 773 784 793 MARUTI 7,002 6,968 7,025 7,095 7,152 7,222 NESTLEIND 18,273 17,938 18,070 18,153 18,285 18,367 NTPC 114 115 116 117 118 120 ONGC 115 113 114 115 117 118 POWERGRID 173 173 175 176 178 179 RELIANCE 2,088 2,055 2,066 2,078 2,089 2,101 SBILIFE 1,128 1,113 1,125 1,140 1,152 1,168 SBIN 426 425 429 435 440 446 SHREECEM 27,118 27,495 27,884 28,441 28,831 29,388 SUNPHARMA 793 777 783 788 794 799 TATACONSUM 772 750 757 770 778 791 TATAMOTORS 294 291 295 299 303 308 TATASTEEL 1,374 1,382 1,397 1,420 1,435 1,458 TCS 3,334 3,296 3,309 3,323 3,336 3,350 TECHM 1,323 1,246 1,267 1,287 1,308 1,328 TITAN 1,799 1,749 1,774 1,803 1,828 1,857 ULTRACEMCO 7,474 7,386 7,441 7,529 7,584 7,671 UPL 771 763 771 778 785 792 WIPRO 604 589 593 599 603 610

4 Institutional Equity Research NIFTY 16280 IN FOCUS August 11 2021 Support 16202 Stock in Focus M&M MARKET LENS 16124 Intraday Pick ASIANPAINT Resistance 16359 Intraday Pick HDFCLIFE 16438 Intraday Pick HINDUNILVR Simple Moving Average Scrip Name Close Rate 20-SMA 50-SMA 100-SMA 200-SMA HIGH_52WEEK LOW_52WEEK SENSEX 54,555 53,226 52,765 51,107 48,916 54,780 36,496 Nifty 50 16,280 15,937 15,819 15,303 14,518 16,359 10,790 NiftyBank 36,034 35,271 35,161 34,208 32,655 37,709 20,405 ADANIPORTS 693 687 727 737 618 901 312 ASIANPAINT 2,977 3,015 3,001 2,809 2,615 3,180 1,713 AXISBANK 762 747 747 726 684 799 400 BAJAJ-AUTO 3,798 3,858 4,048 3,924 3,713 4,361 2,822 BAJAJFINSV 14,037 13,610 12,690 11,535 10,074 14,925 5,400 BAJFINANCE 6,170 6,194 6,091 5,674 5,247 6,477 3,007 BHARTIARTL 622 561 544 540 530 628 394 BPCL 445 453 464 450 424 494 325 BRITANNIA 3,637 3,498 3,546 3,545 3,544 4,005 3,317 CIPLA 913 938 952 915 855 997 704 COALINDIA 142 145 148 142 138 165 110 DIVISLAB 4,955 4,841 4,546 4,184 3,863 5,045 2,641 DRREDDY 4,770 5,046 5,247 5,085 4,992 5,615 4,135 EICHERMOT 2,734 2,626 2,680 2,598 2,578 3,037 2,007 GRASIM 1,491 1,552 1,515 1,455 1,226 1,614 611 HCLTECH 1,064 1,015 990 974 941 1,073 677 HDFC 2,672 2,526 2,524 2,511 2,478 2,896 1,623 HDFCBANK 1,508 1,465 1,484 1,468 1,449 1,641 1,020 HDFCLIFE 670 673 684 682 674 746 556 HEROMOTOCO 2,797 2,829 2,903 2,916 3,057 3,629 2,670 HINDALCO 427 419 398 381 315 474 154 HINDUNILVR 2,382 2,379 2,409 2,387 2,314 2,534 2,000 ICICIBANK 701 679 656 627 579 717 334 INDUSINDBK 1,034 1,012 1,015 979 934 1,120 485 INFY 1,677 1,608 1,541 1,453 1,337 1,680 912 IOC 102 105 109 103 97 118 72 ITC 210 209 207 208 205 239 163 JSWSTEEL 722 723 705 661 516 777 228 KOTAKBANK 1,813 1,724 1,745 1,761 1,799 2,049 1,231 LT 1,588 1,602 1,543 1,470 1,368 1,647 843 M&M 786 763 781 788 769 952 568 MARUTI 7,002 7,178 7,266 7,030 7,212 8,329 6,270 NESTLEIND 18,273 17,949 17,752 17,364 17,362 18,844 15,100 NTPC 114 118 117 112 104 122 78 ONGC 115 116 119 114 102 129 64 POWERGRID 173 173 175 169 158 189 116 RELIANCE 2,088 2,085 2,134 2,060 2,032 2,369 1,830 SBILIFE 1,128 1,090 1,035 984 923 1,176 755 SBIN 426 432 429 398 344 467 176 SHREECEM 27,118 28,238 28,166 28,245 26,445 32,048 18,184 SUNPHARMA 793 728 695 670 618 804 452 TATACONSUM 772 766 748 698 633 798 440 TATAMOTORS 294 300 321 314 268 361 112 TATASTEEL 1,374 1,342 1,224 1,093 850 1,482 343 TCS 3,334 3,229 3,249 3,189 3,055 3,400 2,216 TECHM 1,323 1,164 1,103 1,047 989 1,330 643 TITAN 1,799 1,741 1,729 1,617 1,518 1,859 1,049 ULTRACEMCO 7,474 7,502 7,068 6,807 6,107 7,911 3,754 UPL 771 808 815 739 616 865 399 WIPRO 604 585 561 516 453 615 268

5 Institutional Equity Research NIFTY 16280 IN FOCUS August 11 2021 Support 16202 Stock in Focus M&M MARKET LENS 16124 Intraday Pick ASIANPAINT Resistance 16359 Intraday Pick HDFCLIFE 16438 Intraday Pick HINDUNILVR Bulk Deals Snapshot Deal Date Scrip Code Company Client Name Deal Type* Quantity Price 10/08/2021 540615 7NR DHARMESH JHAVERI HUF S 61,494 9.40 10/08/2021 539528 AAYUSH SHRIDHAR FINANCIAL SERVICES LIMITED B 25,000 28.75 10/08/2021 539528 AAYUSH VINIT KUMAR GUPTA B 40,000 28.88 10/08/2021 539528 AAYUSH PALLAVI MITTAL S 68,662 28.83 10/08/2021 539570 ACEWIN JESUDAS PREMKUMAR SEBASTIAN S 364,800 4.64 10/08/2021 539799 BHARATWIRE BAKULESH TRAMBAKLAL SHAH S 1,000,000 83.50 10/08/2021 539799 BHARATWIRE RASHI FINCORP LIMITED B 1,000,000 83.50 10/08/2021 539546 BNL SANTOSH DEVI KANODIA B 50,000 5.99 10/08/2021 530309 CHANDRAP RICHA ARNEJA S 34,000 164.10 10/08/2021 542155 DGL PARESHBHAI BABUBHAI BHANDERI B 14,000 3.38 10/08/2021 542155 DGL PARESHBHAI BABUBHAI BHANDERI S 76,000 3.14 10/08/2021 541302 DHRUV PRUTHA PANDURANG DANDAWATE S 144,000 30.17 10/08/2021 505242 DYNAMATECH MADHURI MADHUSUDAN KELA B 44,700 1,618.88 10/08/2021 505242 DYNAMATECH ABAKKUS EMERGING OPPORTUNITIES FUND - 1 B 125,000 1,617.00 10/08/2021 505242 DYNAMATECH UDAYANT MALHOUTRA S 96,719 1,616.38 10/08/2021 505242 DYNAMATECH WAVELL INVESTMENT PVT LTD S 153,281 1,619.54 10/08/2021 543324 GCSL INTELLECT STOCK BROKING LIMITED B 16,800 175.52 10/08/2021 500223 JCTLTD ALPHA LEON ENTERPRISES LLP B 5,811,954 3.40 10/08/2021 500223 JCTLTD ALPHA LEON ENTERPRISES LLP S 5,542,172 3.41 10/08/2021 539679 KAPILRAJ MOHINDER SINGH B 100,000 11.00 10/08/2021 539679 KAPILRAJ DEEPAK PARSHARAM SALVI S 41,230 11.00 10/08/2021 539679 KAPILRAJ PRAFULLA VRAJLAL NIRMAL S 58,770 11.00 10/08/2021 505523 MAHACORP SHANAWAZSHAIK B 1,094,938 .72 10/08/2021 505523 MAHACORP KAMLESH NAVINCHANDRA SHAH B 881,555 .71 10/08/2021 539519 MAYUKH MRUGESH NATWARLAL RUPAREL B 33,334 38.83 10/08/2021 539519 MAYUKH MRUGESH NATWARLAL RUPAREL S 33,334 38.83 10/08/2021 539519 MAYUKH JIMISHA JITENDRA DIXIT S 36,359 40.00 10/08/2021 539519 MAYUKH DHAVAL VINODBHAI GADANI B 33,334 38.83 10/08/2021 539519 MAYUKH DHAVAL VINODBHAI GADANI S 33,334 38.83 10/08/2021 526616 NATPLAS PRAVINGOVINDSABLE B 81,094 56.20 10/08/2021 540198 OSIAJEE TURBOT TRADERS PRIVATE LIMITED S 50,000 39.00 10/08/2021 539291 OZONEWORLD DARSHANGI MANISH PATEL B 74,152 11.20 10/08/2021 539291 OZONEWORLD DARSHANGI MANISH PATEL S 54,579 11.08 10/08/2021 539291 OZONEWORLD SANDIP KANUBHAI PATEL S 73,000 11.20 10/08/2021 539291 OZONEWORLD JAYANTA RAY CHOUDHURY B 40,000 11.06 10/08/2021 532911 PARLEIND PIL ENTERPRISE PRIVATE LIMITED S 99,000 9.17 10/08/2021 526747 PGFOILQ MIRACLE FOILS PRIVATE LIMITED S 65,000 171.41 10/08/2021 541601 RAJNISH CASTLE DISTRIBUTORS PRIVATE LIMITED B 39,600 37.18 10/08/2021 526640 RAYALEMA JASMIN KISHOR AJMERA B 116,100 23.41 10/08/2021 526640 RAYALEMA AJMERA ASSOCIATES PVT LTD S 114,100 23.41 10/08/2021 531667 RRMETAL SHAH SURESH AMULAKH S 41,670 52.75 10/08/2021 512634 SAVERA AKSHAY NIRMAL PROMOTERS LLP B 105,436 47.67 10/08/2021 512634 SAVERA SRI INVESTMENT AND FINANCE PRIVATE LIMITED S 105,375 47.67 10/08/2021 532879 SSLEL MAHAVEER EQUIBIZ S 48,900 145.85 10/08/2021 532879 SSLEL RAJAT LAL B 40,950 145.53 10/08/2021 542025 SUNRETAIL BHAVIK KALPESH SHAH S 105,000 27.99 10/08/2021 524661 WELCURE BITS LIMITED S 74,689 10.46 *B - Buy, S - Sell, ** = Weighted Average Trade Price / Trade Price 6 Institutional Equity Research NIFTY 16280 IN FOCUS August 11 2021 Support 16202 Stock in Focus M&M MARKET LENS 16124 Intraday Pick ASIANPAINT Resistance 16359 Intraday Pick HDFCLIFE 16438 Intraday Pick HINDUNILVR

Monthly Economic Calendar

Date Country Event Period Survey Prior 11-08-2021 United States US CPI Urban Consumers Less Fo JUL 0.35 0.90 11-08-2021 United States US CPI Urban Consumers Less Fo JUL 0.00 4.50 11-08-2021 United States US CPI Urban Consumers Less Fo JUL - 278.14 11-08-2021 United States US CPI Urban Consumers MoM SA JUL 0.43 0.90 11-08-2021 United States US CPI Urban Consumers NSA JUL - 271.70 11-08-2021 United States US CPI Urban Consumers YoY NSA JUL 0.00 5.40 11-08-2021 United States US Treasury Federal Budget Deb JUL - -174.16 12-08-2021 United Kingdom UK Trade Balance in Goods SA JUN - -8,481.00 12-08-2021 United Kingdom UK Trade Balance in Goods with JUN - -4,196.00 12-08-2021 United Kingdom UK Trade Balance Value of Trad JUN - 884.00 12-08-2021 India Industrial Production JUN - 29.30 13-08-2021 United States US Import Price Index by End U JUL 0.00 1.00 13-08-2021 United States US Import Price Index by End U JUL - 11.20 16-08-2021 India India Wholesale Price Index Al JUL - 12.07 16-08-2021 United States US Empire State Manufacturing AUG - 43.00 17-08-2021 United States US Foreign Net Transactions JUN - -30.19 17-08-2021 United States US Treasury International Capi JUN - 105.33 17-08-2021 Canada Canada Mortgage and Housing Co JUL - 282.07 17-08-2021 United States Adjusted & Food Service JUL 0.00 0.60 17-08-2021 United States Adjusted Retail Sales Less Aut JUL 0.00 1.30 17-08-2021 United States Adjusted Retail Sales Less Aut JUL 0.00 1.10 17-08-2021 United States Retail Sales Less Food Service JUL 0.00 1.10 17-08-2021 United States US Capacity Utilization % of T JUL 0.00 75.38 17-08-2021 United States US Industrial Production Indus JUL - -0.10 17-08-2021 United States US Industrial Production MOM S JUL 0.00 0.44 17-08-2021 United States National Association of Home B AUG - 80.00 17-08-2021 United States US Manufacturing & Trade Inven JUN - 0.50 19-08-2021 United States Philadelphia Fed Business Outl AUG - 21.90 19-08-2021 United States Conference Board US Leading In JUL - 0.70 23-08-2021 United States US Existing Homes Sales MoM SA JUL - 1.38 23-08-2021 United States US Existing Homes Sales SAAR JUL - 5.86 24-08-2021 United States Richmond Manufacturing Survey AUG 20.73 27.00 26-08-2021 United States Kansas City Federal Reserve SA AUG - 30.00 30-08-2021 United States Dallas Fed Manufacturing Outlo AUG 31.91 27.30 31-08-2021 United States FHFA US House Price Index Purc JUN 1.67 1.70 31-08-2021 United States S&P CoreLogic Case-Shiller 20- JUN 1.60 1.81 31-08-2021 United States S&P CoreLogic Case-Shiller 20- JUN 16.08 16.99 31-08-2021 United States S&P CoreLogic Case-Shiller 20- JUN - 262.70 31-08-2021 United States Conference Board Consumer Conf AUG 123.56 129.10

7 Institutional Equity Research NIFTY 16280 IN FOCUS August 11 2021 Support 16202 Stock in Focus M&M MARKET LENS 16124 Intraday Pick ASIANPAINT Resistance 16359 Intraday Pick HDFCLIFE 16438 Intraday Pick HINDUNILVR

Corporate Actions Company Name Ex-Date Purpose Voltas Limited 11-Aug-21 Annual General Meeting/Dividend - Rs 5 Per Share The Ramco Cements Limited 11-Aug-21 Annual General Meeting GPT Infraprojects Limited 11-Aug-21 Annual General Meeting/Dividend - Re 1 Per Share Ramco Industries Limited 11-Aug-21 Annual General Meeting Pudumjee Paper Products Limited 12-Aug-21 Annual General Meeting/Dividend - Re 0.30 Per Share WABCO India Limited 12-Aug-21 Dividend - Rs 11 Per Share Amj Land Holdings Limited 12-Aug-21 Annual General Meeting/Dividend - Re 0.20 Per Share GOVERNMENT OF INDIA 12-Aug-21 Interest Payment GOVERNMENT OF INDIA 12-Aug-21 Interest Payment GOVERNMENT OF INDIA 12-Aug-21 Interest Payment Endurance Technologies Limited 12-Aug-21 Annual General Meeting/Dividend - Rs 6 Per Share

Result Calendar Company name Board Meeting Date Purpose AksharChem India Limited 11-Aug-21 Financial Results Ambika Cotton Mills Limited 11-Aug-21 Financial Results Amj Land Holdings Limited 11-Aug-21 Financial Results Antony Waste Handling Cell Limited 11-Aug-21 Financial Results Aptech Limited 11-Aug-21 Financial Results Archidply Industries Limited 11-Aug-21 Financial Results Asian Hotels (North) Limited 11-Aug-21 Financial Results Aster DM Healthcare Limited 11-Aug-21 Financial Results Bajaj Electricals Limited 11-Aug-21 Financial Results Bannari Amman Sugars Limited 11-Aug-21 Financial Results Bata India Limited 11-Aug-21 Financial Results BF Investment Limited 11-Aug-21 Financial Results BF Utilities Limited 11-Aug-21 Financial Results Bharat Road Network Limited 11-Aug-21 Financial Results Birla Cable Limited 11-Aug-21 Financial Results Blue Coast Hotels Limited 11-Aug-21 Financial Results Cadila Healthcare Limited 11-Aug-21 Financial Results CESC Limited 11-Aug-21 Financial Results Consolidated Construction Consortium Limited 11-Aug-21 Financial Results CREDITACCESS GRAMEEN LIMITED 11-Aug-21 Financial Results Cummins India Limited 11-Aug-21 Financial Results Dhunseri Tea & Industries Limited 11-Aug-21 Financial Results Dhunseri Ventures Limited 11-Aug-21 Financial Results DIC India Limited 11-Aug-21 Financial Results Endurance Technologies Limited 11-Aug-21 Financial Results Equitas Holdings Limited 11-Aug-21 Financial Results

8 Institutional Equity Research NIFTY 16280 IN FOCUS August 11 2021 Support 16202 Stock in Focus M&M MARKET LENS 16124 Intraday Pick ASIANPAINT Resistance 16359 Intraday Pick HDFCLIFE 16438 Intraday Pick HINDUNILVR

Result Calendar Company name Board Meeting Date Purpose Essar Shipping Limited 11-Aug-21 Financial Results Garware Technical Fibres Limited 11-Aug-21 Financial Results GE Power India Limited 11-Aug-21 Financial Results GFL Limited 11-Aug-21 Financial Results GIC Housing Finance Limited 11-Aug-21 Financial Results Gokul Refoils and Solvent Limited 11-Aug-21 Financial Results Greaves Cotton Limited 11-Aug-21 Financial Results GTL Limited 11-Aug-21 Financial Results Gujarat State Fertilizers & Chemicals Limited 11-Aug-21 Financial Results HEG Limited 11-Aug-21 Financial Results Hindustan Motors Limited 11-Aug-21 Financial Results IDFC Limited 11-Aug-21 Financial Results Indoco Remedies Limited 11-Aug-21 Financial Results Isgec Heavy Engineering Limited 11-Aug-21 Financial Results Kanoria Chemicals & Industries Limited 11-Aug-21 Financial Results Kavveri Telecom Products Limited 11-Aug-21 Financial Results Khadim India Limited 11-Aug-21 Financial Results Kirloskar Electric Company Limited 11-Aug-21 Financial Results Kirloskar Oil Engines Limited 11-Aug-21 Financial Results Kitex Garments Limited 11-Aug-21 Financial Results Liberty Shoes Limited 11-Aug-21 Financial Results Likhitha Infrastructure Limited 11-Aug-21 Financial Results Madras Fertilizers Limited 11-Aug-21 Financial Results Maha Rashtra Apex Corporation Limited 11-Aug-21 Financial Results Manaksia Coated Metals & Industries Limited 11-Aug-21 Financial Results Marksans Pharma Limited 11-Aug-21 Financial Results Mukand Engineers Limited 11-Aug-21 Financial Results Mukand Limited 11-Aug-21 Financial Results Navneet Education Limited 11-Aug-21 Financial Results Nesco Limited 11-Aug-21 Financial Results Nitco Limited 11-Aug-21 Financial Results North Eastern Carrying Corporation Limited 11-Aug-21 Financial Results Orient Green Power Company Limited 11-Aug-21 Financial Results Pennar Industries Limited 11-Aug-21 Financial Results Pidilite Industries Limited 11-Aug-21 Financial Results PNC Infratech Limited 11-Aug-21 Financial Results Praj Industries Limited 11-Aug-21 Financial Results Pritish Nandy Communications Limited 11-Aug-21 Financial Results PTC India Limited 11-Aug-21 Financial Results Punjab Chemicals & Crop Protection Limited 11-Aug-21 Financial Results PVP Ventures Limited 11-Aug-21 Financial Results Quintegra Solutions Limited 11-Aug-21 Financial Results Rajnandini Metal Limited 11-Aug-21 Financial Results 9 Institutional Equity Research NIFTY 16280 IN FOCUS August 11 2021 Support 16202 Stock in Focus M&M MARKET LENS 16124 Intraday Pick ASIANPAINT Resistance 16359 Intraday Pick HDFCLIFE 16438 Intraday Pick HINDUNILVR

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 16280 IN FOCUS August 11 2021 Support 16202 Stock in Focus M&M MARKET LENS 16124 Intraday Pick ASIANPAINT Resistance 16359 Intraday Pick HDFCLIFE 16438 Intraday Pick HINDUNILVR

Reliance Securities Limited (RSL), the broking arm of 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. 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. 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