Pick of the Week: ULTRATECH CEMENT Ltd. Company ULTRACEMCO Recommendation Buy th 17 Jun, 2017 Sector : CEMENT - MAJOR Buying Range : 4125 & Upto 4100 • Ultratech Cement was incorporated in 2000 as Larsen & Toubro. Later it was demerged and acquired by Grasim and was renamed as Ultra Tech Cement in 2004. Today Ultratech cement, a part of , is the Price Potential : 4600 country largest exporter of cement clinker. Ultratech Cement Limited has an annual capacity of 52 million tonnes. Stop Loss (Closing Basis): 3910 It manufactures and markets Ordinary Portland Cement, Portland Blast Furnace Slag Cement and Portland Mkt Cap (Rs. Cr.): 112984 Pozzalana Cement. It also manufactures ready mix concrete (RMC). All the plants have received ISO 9001 certification. TTM EPS (Rs.) 95.72 • The company has an installed capacity of 69.3 Million Tonnes Per Annum (MTPA) of grey cement. Ultratech TTM Sales (Rs. Cr.) 27162 Cement has 12 integrated plants, 1 clinkerisation plant, 19 grinding units and 7 bulk terminals. Its operations span BVPS (Rs.) 872.1 across , UAE, Bahrain, Bangladesh and Sri Lanka. Ultratech Cement is also India's largest exporter of cement reaching out to meet the demand in countries around the Indian Ocean and the Middle East. Reserves (Rs. Cr.) 23667 • Ultratech subsidiaries are Dakshin Cements Limited, Harish Cement Limited, Gotan Limestone Khauj Udyog Private P/BV 4.72 Limited, Bhagwati Limestone Company Private Limited, Ultratech Cement Lanka (Pvt.) Ltd., Ultratech Cement PE 43.00 Middle East Investments Limited, PT Ultratech Mining Indonesia and PT Ultratech Investments Indonesia. • In the white cement segment, Ultratech goes to market under the brand name of Birla White. It has a white Bloomberg Code : UTCEM:IN cement plant with a capacity of 0.56 MTPA and 2 WallCare putty plants with a combined capacity of 0.8 MTPA. Reuters Code : ULTC.NS

 Technical Outlook . On a monthly chart, the stock is in a strong uptrend as it has been trading in a two Upward Rising Parallel line since a long time and further upside movement can be seen as per the ongoing structure. . On a weekly chart, the stock has formed a “Dragon Fly Doji” candlestick with the support of its 21 weeks moving average which can be considered as bullish reversal formation and indicates firm bounce back in the prices. . Moreover, on a daily chart, the stock has formed a Hammer candlestick with ample volume activity which is a bullish reversal formation; furthermore, the preceding candlesticks are trading above the high of the Hammer candlestick which confirms the reversal of the trend. . Additionally, the stock has taken a support of its 100 days moving average which is placed at 4004 level which talks about long term trend which is up. . A daily momentum indicator RSI reading is at 47.10 level with a positive crossover, apart from this, the RSI has formed a likely Positive divergence on a smaller time frame, which points out for a positive breath in the stock. . Based on the above technical structure, we are expecting a good northward direction in the counter in few trading sessions. TW = Twelve Months TTM= Trailing 12 months www.choicebroking.in *Please Refer Disclaimer on Website SEBI Registered – Research Analyst Equities I Commodities I Currencies I Mutual Funds

Pick of the Week: ULTRATECH CEMENT Ltd. 17th Jun, 2017

PERFORMANCE TRACKER Type % Profit / Date Equity Initiated SL TGT Result Total Profit of Call Return Loss Contact Us 08.04.17 Buy BAJAJ-AUTO 2830 2680 3130 Exit @ 2858.75 on 17.04.17 1.02 28.75 507.95 Kkunal Parar ( Sr. Research Associate) Kapil Shah (Research Associate) 15.04.17 Buy GLENMARK 888 840 995 Exit @ 891 on 24.04.17 0.34 3.00 168.92 [email protected] [email protected] 22.04.17 Buy 291.25 271 335 Stopped Out on 24.05.17 -6.95 -20.25 -3476.39 29.04.17 Buy ONGC 186.55 175 210 Stopped Out on 23.05.17 -6.19 -11.55 -3095.68 Vikas Chaudhari (Research Associate) Amit Pathania (Research Associate) 08.05.17 Buy 495 465 575 Book Profit @ 513 on 16.05.17 3.64 18.00 1818.18 [email protected] 15.05.17 Buy SUNPHARMA 655 600 780 Stopped Out on 25.05.17 -8.40 -55.00 -4198.47 [email protected] 20.05.17 Buy SYNGENE 483 449 560 Exit @ 487.85 on 05.06.17 1.00 4.85 502.07 27.05.17 Buy AXISBANK 511 475 580 Open 03.06.17 Buy HDFCLTD 1604 1503 1820 Book Profit @ 1636 on 15.06.17 2.00 32.00 997.51 09.06.17 Buy INDIGO 1151 1060 1350 Book Profit @ 1185 on 15.06.17 2.95 34.00 1476.98 [email protected] www.choicebroking.in Total -5299

Disclaimer This is solely for information of clients of Choice Broking and does not construe to be an investment advice. It is also not intended as an offer or solicitation for the purchase and sale of any financial instruments. Any action taken by you on the basis of the information contained herein is your responsibility alone and Choice Broking its subsidiaries or its employees or associates will not be liable in any manner for the consequences of such action taken by you. We have exercised due diligence in checking the correctness and authenticity of the information contained in this recommendation, but Choice Broking or any of its subsidiaries or associates or employees shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this recommendation or any action taken on basis of this information. Technical analysis studies Aprilket psychology, price patterns and volume levels. It is used to forecast future price and Aprilket movements. Technical analysis is complementary to fundamental analysis and news sources. The recommendations issued herewith might be contrary to recommendations issued by Choice Broking in the company research undertaken as the recommendations stated in this report is derived purely from technical analysis. Choice Broking has based this document on information obtained from sources it believes to be reliable but which it has not independently verified; Choice Broking makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. The opinions contained within the report are based upon publicly available information at the time of publication and are subject to change without notice. The information and any disclosures provided herein are in sumAprily form and have been prepared for informational purposes. The recommendations and suggested price levels are intended purely for trading purposes. The recommendations are valid for the day of the report however trading trends and volumes might vary substantially on an intraday basis and the recommendations may be subject to change. The information and any disclosures provided herein may be considered confidential. Any use, distribution, modification, copying, forwarding or disclosure by any person is strictly prohibited. The information and any disclosures provided herein do not constitute a solicitation or offer to purchase or sell any security or other financial product or instrument. The current performance may be unaudited. Past performance does not guarantee future returns. There can be no assurance that investments will achieve any targeted rates of return, and there is no guarantee against the loss of your entire investment. POTENTIAL CONFLICT OF INTEREST DISCLOSURE (as on date of report) Disclosure of interest statement – • Analyst interest of the stock /Instrument(s): - No. • Firm interest of the stock / Instrument (s): - No. SEBISEBI Registered Certified – – Research Research Analyst Analyst Equities Equities I I Commodities Commodities I I Currencies Currencies I I Mutual Mutual Funds Funds