MARKET LENS 15843 Intraday Pick CIPLA Resistance 15963 Intraday Pick INFY 16002 Intraday Pick VOLTAS

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Institutional Equity Research NIFTY 15923 IN FOCUS July 19 2021 Support 15883 Stock in Focus M&M MARKET LENS 15843 Intraday Pick CIPLA Resistance 15963 Intraday Pick INFY 16002 Intraday Pick VOLTAS

EQUITY INDICES

Indices Absolute Change Percentage Change Domestic Last Trade Change 1-D 1-Mth YTD BSE Sensex 53,140 (18.8) (0.0%) 1.5% 11.3% CNX Nifty 15,923 (0.8) (0.0%) 1.5% 13.9% S&P CNX 500 13,742 22.0 0.2% 2.7% 19.3% SENSEX 50 16,698 0.2 (0.0%) 1.6% 14.1%

International Last Trade Change 1-D 1-Mth YTD DJIA 34,688 (299.2) (0.9%) 4.2% 13.3% NASDAQ 14,427 (115.9) (0.8%) 2.8% 11.9% NIKKEI 27,507 (496.6) (1.8%) (5.0%) 0.3% HANGSENG 27,408 (674.0) (2.1%) (4.6%) 0.9%

ADRs / GDRs Last Trade Change 1-D 1-Mth YTD Dr. Reddy’s Lab (ADR) 72.5 (0.1) (0.1%) 1.4% 1.7% STOCK IN FOCUS Tata Motors (ADR) 20.4 (0.1) (0.7%) (8.1%) 61.8% Infosys (ADR) 20.9 (0.3) (1.3%) 3.3% 23.1% f M&M (MM) closed flat in line with Nifty on Friday. ICICI Bank (ADR) 17.6 (0.4) (2.0%) 4.6% 18.6% f We believe that new products and the company’s stronger presence HDFC Bank (ADR) 74.6 (0.4) (0.5%) 0.2% 3.2% in rural markets (likely to revive soon with healthy agri output) would Axis Bank (GDR) 51.5 (0.3) (0.6%) 6.9% 21.8% drive M&M’s overall volume and profitability, going forward. Reliance Ind (GDR) 56.7 0.0 0.0% (5.1%) 3.6% f Fundamental parameters are favourable for tractor segment. MM’s COMMODITY MARKET segmental profitability from tractor segment is high enough (~60% Key Commodities Last Trade Change 1-D 1-Mth YTD of operating profit is attributable to Farm segment) to support overall Brent Crude ($/bl) 72.5 (1.1) (1.5%) (1.4%) 40.0% business. Silver ($/Oz) 25.6 (0.2) (0.9%) (1.4%) (3.8%) f We believe that the government’s focus on Agri income and rural Gold ($/Oz) 1,814.0 (1.0) (0.1%) 2.5% (4.8%) thrust would revive rural economy in FY22E and would support Copper LME ($/MT) 9,379.0 (65.0) (0.6%) 2.6% 21.0% tractor sales. Aluminium LME ($/MT) 2,487.0 (0.8) (0.0%) 4.7% 25.7%

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 74.7 0.07 0.1% 1.0% 2.0% expansion in MM’s valuation multiple. EUR/INR 88.2 (0.03) (0.0%) 0.0% (1.9%) 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 0.01 0.00 (0.01) 0.12 10 Year G-sec Yield 6.1 0.01 0.00 0.02 0.04 Intraday Picks CIPLA (PREVIOUS CLOSE: 977) BUY INVESTMENT ACTIVITY (RS. CR) For today’s trade, long position can be initiated in the range of Rs 965- Category BUY SELL NET Prev 970 for the target of Rs.990 with a strict stop loss of Rs 958. FII 4,988.3 5,454.6 (466.3) (264.8) DII 5,619.3 4,953.2 666.1 439.4 INFY (PREVIOUS CLOSE: 1555) SELL For today’s trade, short position can be initiated in the range of Rs 1570- EXCHANGE TURNOVER 1580 for the target of Rs. 1535 with a strict stop loss of Rs 1594. Exchange Rs Crore BSE Equity 5,840.8 VOLTAS (PREVIOUS CLOSE: 1051) BUY BSE Derivatives 2,99,932.6 For today’s trade, long position can be initiated in the range of Rs 1040- NSE Equity 63,353.8 1045 for the target of Rs.1065 with a strict stop loss of Rs 1030. NSE Derivatives 28,26,422.4

1 Institutional Equity Research NIFTY 15923 IN FOCUS July 19 2021 Support 15883 Stock in Focus M&M MARKET LENS 15843 Intraday Pick CIPLA Resistance 15963 Intraday Pick INFY 16002 Intraday Pick VOLTAS

Technical Research

MARKET SYNOPSIS f On Friday, NIFTY-50 recorded new high of 15,962-level in the initial trades and later, oscillated downwards during the day. Finally, the index closed the session on flat to negative note breaching its prior daily rising trend. f NIFTY-50 closed the session with the loss of 1 point at 15,923-level. f NSE Cash segment reported turnover of Rs63,354 crore as compared to Rs62,014 crore reported earlier. f Overall market breadth turned positive, where 1,077 stocks advanced against 977 declined stocks. f Mixed trend was observed across sectoral indices during the day, where Metal, Realty and Pharma emerged as top gainers with the increase of 1.1%-1.2%. However IT emerged as a top loser with the decrease of 1.1%.

NSE-NIFTY OUTLOOK f On Friday, despite downward oscillation, NIFTY-50 managed to hold 15,900 zone. Its momentum indicator-RSI declined gradually and is negatively poised. Overall market breadth turned positive, while sectoral trend remained mixed. As per the current set-up, the index will either keep oscillating in the narrow range or it will rebound after a minor decline. In case of decline, the index will find supports at around 15,840-level initially and 15,765-level subsequently, which coincides with its 38.2% and 61.8% Fibonacci Retracement levels of prior up-move (15,645-15,962), respectively. However a stable move above 15,900 level could take the index towards 16,000-16,100- 16,350 levels. f As for the day, support is placed at around 15,883 and then at 15,843 levels, while resistance is observed at 15,963 and then at 16,002 levels.

2 Institutional Equity Research NIFTY 15923 IN FOCUS July 19 2021 Support 15883 Stock in Focus M&M MARKET LENS 15843 Intraday Pick CIPLA Resistance 15963 Intraday Pick INFY 16002 Intraday Pick VOLTAS Derivatives Snapshot f NIFTY50 opened higher and scaled an all time high but traded in a very narrow range of 80 points to close flat for the day. Nifty closed down by 1 point at 15,923 levels. Among the nifty stocks 23 advanced and 26 declined during the day. f Among sectors it was a mixed bag with Metals, Pharma & FMCG to gain by 1% average while IT and Media declined by 1% and 0.5% 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 gained by 0.3% for the day. f Nifty Jul futures end with 13 points premium at 15,936 mark while on other hand, Bank Nifty Jul futures ended with the premium of 104 points at 35,856 mark. f Nifty has closed in an doji candle near all time high and crossover of 16,000 levels would push the index near to 16,200 levels. On the downside the trend reversal is placed at 15,750 levels.

Sectoral Activity: Amongst sectoral index Metals and Pharma remained in focus with positive momentum. Stock Activity: Tata Steel and Alkem have witnessed long build up in today’s trade.

3 Institutional Equity Research NIFTY 15923 IN FOCUS July 19 2021 Support 15883 Stock in Focus M&M MARKET LENS 15843 Intraday Pick CIPLA Resistance 15963 Intraday Pick INFY 16002 Intraday Pick VOLTAS Pivot Table Name LTP Support 2 Support 1 Pivot Resistance 1 Resistance 2 SENSEX 53,140 52,807 52,983 53,124 53,301 53,442 Nifty 50 15,923 15,813 15,869 15,911 15,966 16,008 NiftyBank 35,752 35,480 35,694 35,840 36,053 36,199 ADANIPORTS 688 689 694 700 705 711 ASIANPAINT 2,989 2,949 2,966 2,989 3,006 3,028 AXISBANK 771 761 768 773 779 785 BAJAJ-AUTO 3,932 3,907 3,924 3,947 3,963 3,986 BAJAJFINSV 12,746 12,809 12,884 12,997 13,072 13,185 BAJFINANCE 6,125 6,061 6,095 6,136 6,171 6,212 BHARTIARTL 541 520 523 528 530 535 BPCL 448 442 444 448 450 453 BRITANNIA 3,441 3,426 3,443 3,473 3,491 3,521 CIPLA 977 967 970 976 979 985 COALINDIA 146 144 145 147 148 150 DIVISLAB 4,758 4,565 4,586 4,619 4,641 4,674 DRREDDY 5,407 5,334 5,364 5,401 5,431 5,468 EICHERMOT 2,617 2,618 2,643 2,677 2,702 2,736 GRASIM 1,572 1,537 1,547 1,563 1,574 1,590 HCLTECH 1,005 966 1,003 1,028 1,065 1,089 HDFC 2,537 2,498 2,519 2,537 2,558 2,576 HDFCBANK 1,522 1,489 1,505 1,516 1,532 1,543 HDFCLIFE 698 682 688 694 699 705 HEROMOTOCO 2,905 2,862 2,873 2,893 2,905 2,925 HINDALCO 406 385 393 398 406 411 HINDUNILVR 2,417 2,389 2,401 2,413 2,425 2,437 ICICIBANK 660 658 663 666 671 675 INDUSINDBK 1,044 1,040 1,048 1,058 1,065 1,075 INFY 1,555 1,537 1,559 1,578 1,600 1,619 IOC 106 105 106 107 107 108 ITC 208 200 203 206 209 211 JSWSTEEL 704 689 694 701 706 713 KOTAKBANK 1,750 1,732 1,741 1,749 1,758 1,766 LT 1,619 1,520 1,565 1,595 1,640 1,670 M&M 780 771 775 780 784 788 MARUTI 7,304 7,221 7,264 7,311 7,354 7,401 NESTLEIND 17,654 17,369 17,495 17,577 17,703 17,784 NTPC 119 118 119 120 121 122 ONGC 117 114 116 118 119 121 POWERGRID 234 228 229 230 231 233 RELIANCE 2,112 2,069 2,076 2,085 2,092 2,102 SBILIFE 1,050 1,040 1,047 1,056 1,062 1,071 SBIN 430 428 430 431 433 435 SHREECEM 28,096 28,091 28,259 28,420 28,588 28,748 SUNPHARMA 689 677 680 684 687 691 TATACONSUM 763 759 766 770 777 781 TATAMOTORS 311 305 308 310 313 315 TATASTEEL 1,278 1,225 1,241 1,253 1,269 1,281 TCS 3,195 3,172 3,187 3,210 3,225 3,247 TECHM 1,103 1,060 1,086 1,103 1,129 1,146 TITAN 1,695 1,682 1,692 1,704 1,714 1,727 ULTRACEMCO 7,335 7,052 7,121 7,170 7,239 7,289 UPL 838 812 824 832 844 852 WIPRO 578 551 563 572 584 592

4 Institutional Equity Research NIFTY 15923 IN FOCUS July 19 2021 Support 15883 Stock in Focus M&M MARKET LENS 15843 Intraday Pick CIPLA Resistance 15963 Intraday Pick INFY 16002 Intraday Pick VOLTAS Simple Moving Average Scrip Name Close Rate 20-SMA 50-SMA 100-SMA 200-SMA HIGH_52WEEK LOW_52WEEK SENSEX 53,140 52,688 51,751 50,680 47,791 53,291 35,877 Nifty 50 15,923 15,785 15,538 15,145 14,167 15,962 10,563 NiftyBank 35,752 35,206 34,765 34,311 31,649 37,709 20,405 ADANIPORTS 688 712 752 740 591 901 298 ASIANPAINT 2,989 3,009 2,926 2,708 2,536 3,093 1,645 AXISBANK 771 755 741 726 661 799 400 BAJAJ-AUTO 3,932 4,113 4,114 3,938 3,646 4,361 2,822 BAJAJFINSV 12,746 12,392 11,920 10,936 9,442 13,110 5,400 BAJFINANCE 6,125 6,088 5,884 5,553 5,014 6,343 3,007 BHARTIARTL 541 530 536 538 518 623 394 BPCL 448 461 465 449 416 494 325 BRITANNIA 3,441 3,565 3,528 3,531 3,564 4,010 3,317 CIPLA 977 966 947 895 843 997 631 COALINDIA 146 147 149 143 136 165 110 DIVISLAB 4,758 4,460 4,286 3,963 3,723 4,772 2,177 DRREDDY 5,407 5,428 5,343 5,013 5,006 5,615 3,874 EICHERMOT 2,617 2,700 2,656 2,592 2,545 3,037 1,833 GRASIM 1,572 1,514 1,471 1,412 1,162 1,582 565 HCLTECH 1,005 985 961 962 927 1,067 588 HDFC 2,537 2,505 2,517 2,529 2,424 2,896 1,623 HDFCBANK 1,522 1,504 1,485 1,485 1,424 1,641 993 HDFCLIFE 698 695 684 690 666 746 556 HEROMOTOCO 2,905 2,913 2,932 3,015 3,088 3,629 2,604 HINDALCO 406 383 388 366 295 428 154 HINDUNILVR 2,417 2,465 2,407 2,357 2,294 2,534 2,000 ICICIBANK 660 645 639 618 554 679 334 INDUSINDBK 1,044 1,026 1,005 988 901 1,120 483 INFY 1,555 1,556 1,457 1,403 1,292 1,597 781 IOC 106 109 109 102 95 118 72 ITC 208 204 207 208 202 239 163 JSWSTEEL 704 684 699 610 481 773 192 KOTAKBANK 1,750 1,737 1,757 1,791 1,766 2,049 1,231 LT 1,619 1,515 1,483 1,452 1,311 1,625 843 M&M 780 782 792 804 758 952 538 MARUTI 7,304 7,438 7,172 7,035 7,189 8,329 5,750 NESTLEIND 17,654 17,592 17,506 17,119 17,184 18,844 15,100 NTPC 119 118 115 110 102 122 78 ONGC 117 120 119 113 99 129 64 POWERGRID 234 231 232 225 206 252 155 RELIANCE 2,112 2,123 2,102 2,066 2,044 2,369 1,798 SBILIFE 1,050 1,018 996 951 900 1,065 755 SBIN 430 425 415 392 325 442 176 SHREECEM 28,096 28,013 27,891 28,137 25,815 32,048 18,184 SUNPHARMA 689 676 680 650 600 722 452 TATACONSUM 763 762 710 675 611 787 402 TATAMOTORS 311 327 328 319 255 361 101 TATASTEEL 1,278 1,181 1,153 991 770 1,281 332 TCS 3,195 3,280 3,209 3,153 3,008 3,400 2,125 TECHM 1,103 1,075 1,040 1,012 960 1,120 588 TITAN 1,695 1,737 1,655 1,569 1,474 1,793 942 ULTRACEMCO 7,335 6,928 6,738 6,627 5,835 7,360 3,735 UPL 838 810 801 704 592 865 399 WIPRO 578 544 537 489 432 589 224

5 Institutional Equity Research NIFTY 15923 IN FOCUS July 19 2021 Support 15883 Stock in Focus M&M MARKET LENS 15843 Intraday Pick CIPLA Resistance 15963 Intraday Pick INFY 16002 Intraday Pick VOLTAS Bulk Deals Snapshot Deal Date Scrip Code Company Client Name Deal Type* Quantity Price 16/07/2021 530881 ABVL SUDHAKAR TIRUNAGARI S 90,165 29.50 16/07/2021 530881 ABVL SANNAREDDY SUJATAMMA B 25,000 31.25 16/07/2021 530881 ABVL POLINENI B 14,000 29.18 16/07/2021 539661 ACEMEN PREYASKUMAR RAMESHCHANDRA PATEL B 15,500 38.45 16/07/2021 531673 ANKIN CHANDRA PANDEY B 35,000 10.03 16/07/2021 531673 ANKIN OPG SECURITIES P LTD S 50,000 9.90 16/07/2021 542865 ANUROOP SHERWOOD SECURITIES PVT LTD B 30,000 11.40 16/07/2021 542865 ANUROOP SHERWOOD SECURITIES PVT LTD S 40,000 10.88 16/07/2021 524606 BERLDRG SACHIDANANDAARAVIND B 32,957 9.87 16/07/2021 539274 BLFL AMIT HARIVADAN PARIKH B 40,607 3.41 16/07/2021 539770 DARJEELING TEJAL GUNVANT SHETH S 30,245 4.05 16/07/2021 524818 DYNAMIND AYAN SHIRISHBHAI SHAH B 20,000 84.85 16/07/2021 542592 HBEL ANANT JAIN . S 4,000 116.50 16/07/2021 513693 KAJARIR PRAGYA MERCANTILE PVT LTD S 283,855 63.70 16/07/2021 539679 KAPILRAJ DIVYA KOTHARI S 51,000 11.15 16/07/2021 539679 KAPILRAJ ASIM JAIN B 51,000 11.15 16/07/2021 505523 MAHACORP NISHIL SURENDRABHAI MARFATIA S 983,952 .63 16/07/2021 505523 MAHACORP KAMLESH NAVINCHANDRA SHAH B 742,858 .61 16/07/2021 505523 MAHACORP KAMLESH NAVINCHANDRA SHAH S 419,863 .63 16/07/2021 531456 MINAXI MUKESHBHAI PURSHOTTAMDAS PATEL S 250,000 1.52 16/07/2021 538019 OBIL LOURDHUSAMY RAJKUMAR S 82,037 4.15 16/07/2021 540198 OSIAJEE ABDHESH KANCHAN B 30,382 39.14 16/07/2021 506852 PACL SUKHBIR SINGH DAHIYA B 1,550,339 82.55 16/07/2021 506852 PACL FLOW TECH CHEMICALS PVT. LTD. S 1,550,339 82.55 16/07/2021 531637 PRAVEG JAYANTIBHAI KESHAVLAL PATEL S 31,460 100.52 16/07/2021 531952 RIBATEX SITA RAM S 159,316 59.05 16/07/2021 531952 RIBATEX SITA RAM S 58,385 54.53 16/07/2021 531952 RIBATEX SITA RAM S 124,790 59.93 16/07/2021 531952 RIBATEX SEEMA S 117,612 57.54 16/07/2021 532527 RKFORGE LONG TERM EQUITY FUND B 387,000 749.00 16/07/2021 532527 RKFORGE VANTAGE EQUITY FUND S 387,000 749.00 16/07/2021 524642 SIKOZY JUNAID ABDUL MAJID FURNITUREWALA S 425,000 1.34 16/07/2021 524642 SIKOZY MURGANANGAMUTHUDEVENDRA B 274,975 1.34 16/07/2021 532070 SUPRBPA VISHALVIPINBHAIBHATT B 27,358 15.11 16/07/2021 532070 SUPRBPA SUNNESS INFRASTRUCTURE S 34,927 15.10 16/07/2021 532070 SUPRBPA CHAITANYA LAKSHMI PARNA B 27,500 15.10 16/07/2021 537392 TAAZAINT SAI DEEPA ROCK DRILLS PVT LTD S 78,548 4.02 16/07/2021 537392 TAAZAINT KAJA SRINIVAS RAO B 49,719 4.02 16/07/2021 537392 TAAZAINT PABBATHI BADARI NARAYANA MURTHY B 170,000 4.02 16/07/2021 537392 TAAZAINT SANDEEP RAO ERABELLI S 100,000 4.02 16/07/2021 531658 TRIJAL SANTOSH SITARAM KHAMKAR S 28,800 5.41 16/07/2021 532035 UNISTRMU PUNI LOSHO S 60,000 8.87 16/07/2021 532432 UNITDSPR RECOVERY OFFICER I DRT II S 11,350,722 630.93 16/07/2021 530961 VIKASECO MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED S 3,715,996 1.84 16/07/2021 533269 WABAG LONG TERM EQUITY FUND B 322,000 363.90 16/07/2021 533269 WABAG VANTAGE EQUITY FUND S 322,000 363.90

*B - Buy, S - Sell, ** = Weighted Average Trade Price / Trade Price 6 Institutional Equity Research NIFTY 15923 IN FOCUS July 19 2021 Support 15883 Stock in Focus M&M MARKET LENS 15843 Intraday Pick CIPLA Resistance 15963 Intraday Pick INFY 16002 Intraday Pick VOLTAS

Monthly Economic Calendar

Date Country Event Period Survey Prior 19-07-2021 United States National Association of Home B JUL - 81.00 22-07-2021 United States Conference Board US Leading In JUN - 1.30 22-07-2021 United States US Existing Homes Sales SAAR JUN 5.72 5.80 22-07-2021 United States US Existing Homes Sales MoM SA JUN -2.19 -0.85 22-07-2021 United States Kansas City Federal Reserve SA JUL 24.20 27.00 27-07-2021 United States Richmond Manufacturing Survey JUL 17.96 22.00 28-07-2021 United States Federal Funds Target Rate - Up JUL 28 0.25 0.25 29-07-2021 United States GDP US Chained 2012 Dollars Qo 2Q A 6.44 6.40 29-07-2021 United States GDP US Personal Consumption Ch 2Q A 11.45 11.40 29-07-2021 United States US GDP Price Index QoQ SAAR 2Q A 4.29 4.30 29-07-2021 United States US GDP Personal Consumption Co 2Q A 2.51 2.50

7 Institutional Equity Research NIFTY 15923 IN FOCUS July 19 2021 Support 15883 Stock in Focus M&M MARKET LENS 15843 Intraday Pick CIPLA Resistance 15963 Intraday Pick INFY 16002 Intraday Pick VOLTAS

Corporate Actions Company Name Ex-Date Purpose Banaras Beads Limited 19-Jul-21 Annual General Meeting Abbott India Limited 19-Jul-21 Annual General Meeting/Dividend - Rs 120 Per Share Special Dividend 155 Per Share Alembic Pharmaceuticals Limited 19-Jul-21 Annual General Meeting/Dividend - Rs 14 Per Share Tide Water Oil Company (India) Limited 19-Jul-21 Dividend - Rs 200 Per Share GlaxoSmithKline Pharmaceuticals Limited 19-Jul-21 Annual General Meeting/Dividend - Rs 30 Per Share Mahindra Logistics Limited 19-Jul-21 Dividend - Rs 2.50 Per Share Grindwell Norton Limited 19-Jul-21 Annual General Meeting/Dividend - Rs 9.50 Per Share Blue Dart Express Limited 20-Jul-21 Annual General Meeting/Dividend - Rs 15 Per Share Butterfly Gandhimathi Appliances Limited 20-Jul-21 Annual General Meeting EIH Limited 20-Jul-21 Annual General Meeting

Result Calendar Company name Board Meeting Date Purpose ACC Limited 19-Jul-21 Financial Results Allsec Technologies Limited 19-Jul-21 Financial Results Alok Industries Limited 19-Jul-21 Financial Results Control Print Limited 19-Jul-21 Financial Results GTPL Hathway Limited 19-Jul-21 Financial Results HCL Technologies Limited 19-Jul-21 Financial Results/Dividend HDFC Life Insurance Company Limited 19-Jul-21 Financial Results Indian Bank 19-Jul-21 Financial Results Mastek Limited 19-Jul-21 Financial Results Nippon Life India Asset Management Limited 19-Jul-21 Financial Results Plastiblends India Limited 19-Jul-21 Financial Results Ponni Sugars (Erode) Limited 19-Jul-21 Financial Results Supreme Petrochem Limited 19-Jul-21 Financial Results Swaraj Engines Limited 19-Jul-21 Financial Results Asian Paints Limited 20-Jul-21 Financial Results Bajaj Finance Limited 20-Jul-21 Financial Results CRISIL Limited 20-Jul-21 Financial Results/Dividend DCM Shriram Limited 20-Jul-21 Financial Results ICICI Prudential Life Insurance Company Limited 20-Jul-21 Financial Results ICICI Securities Limited 20-Jul-21 Financial Results India Tourism Development Corporation Limited 20-Jul-21 Financial Results/Dividend Jubilant Ingrevia Limited 20-Jul-21 Financial Results Mold-Tek Technologies Limited 20-Jul-21 Financial Results Network18 Media & Investments Limited 20-Jul-21 Financial Results Newgen Software Technologies Limited 20-Jul-21 Financial Results Pioneer Distilleries Limited 20-Jul-21 Financial Results

8 Institutional Equity Research NIFTY 15923 IN FOCUS July 19 2021 Support 15883 Stock in Focus M&M MARKET LENS 15843 Intraday Pick CIPLA Resistance 15963 Intraday Pick INFY 16002 Intraday Pick VOLTAS

Result Calendar Company name Board Meeting Date Purpose Rane (Madras) Limited 20-Jul-21 Financial Results Reliance Industrial Infrastructure Limited 20-Jul-21 Financial Results Shyam Metalics and Energy Limited 20-Jul-21 Financial Results SVP Global Ventures Limited 20-Jul-21 Financial Results Syngene International Limited 20-Jul-21 Financial Results Thirumalai Chemicals Limited 20-Jul-21 Financial Results TV18 Broadcast Limited 20-Jul-21 Financial Results A2Z Infra Engineering Limited 21-Jul-21 Financial Results Bajaj Finserv Limited 21-Jul-21 Financial Results CEAT Limited 21-Jul-21 Financial Results Gland Pharma Limited 21-Jul-21 Financial Results Gulshan Polyols Limited 21-Jul-21 Financial Results Hathway Cable & Datacom Limited 21-Jul-21 Financial Results Havells India Limited 21-Jul-21 Financial Results Indo Rama Synthetics (India) Limited 21-Jul-21 Financial Results Jubilant Foodworks Limited 21-Jul-21 Financial Results Lakshmi Machine Works Limited 21-Jul-21 Financial Results Maharashtra Scooters Limited 21-Jul-21 Financial Results Mahindra CIE Automotive Limited 21-Jul-21 Financial Results Polycab India Limited 21-Jul-21 Financial Results Rallis India Limited 21-Jul-21 Financial Results Sangam (India) Limited 21-Jul-21 Financial Results Schaeffler India Limited 21-Jul-21 Financial Results Shanthi Gears Limited 21-Jul-21 Financial Results Supreme Industries Limited 21-Jul-21 Financial Results Tanla Platforms Limited 21-Jul-21 Financial Results/Buyback Tejas Networks Limited 21-Jul-21 Financial Results Agro Tech Foods Limited 22-Jul-21 Financial Results Bajaj Auto Limited 22-Jul-21 Financial Results Bajaj Holdings & Investment Limited 22-Jul-21 Financial Results Bank of Maharashtra 22-Jul-21 Financial Results Can Fin Homes Limited 22-Jul-21 Financial Results Chennai Petroleum Corporation Limited 22-Jul-21 Financial Results CSB Bank Limited 22-Jul-21 Financial Results HeidelbergCement India Limited 22-Jul-21 Financial Results Hindustan Unilever Limited 22-Jul-21 Financial Results Hindustan Zinc Limited 22-Jul-21 Financial Results ICICI Lombard General Insurance Company Limited 22-Jul-21 Financial Results IIFL Securities Limited 22-Jul-21 Financial Results India Pesticides Limited 22-Jul-21 Financial Results Indiamart Intermesh Limited 22-Jul-21 Financial Results Indian Energy Exchange Limited 22-Jul-21 Financial Results/Dividend

9 Institutional Equity Research NIFTY 15923 IN FOCUS July 19 2021 Support 15883 Stock in Focus M&M MARKET LENS 15843 Intraday Pick CIPLA Resistance 15963 Intraday Pick INFY 16002 Intraday Pick VOLTAS

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 15923 IN FOCUS July 19 2021 Support 15883 Stock in Focus M&M MARKET LENS 15843 Intraday Pick CIPLA Resistance 15963 Intraday Pick INFY 16002 Intraday Pick VOLTAS

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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