MARKET LENS 15610 Intraday Pick AMBUJACEM Resistance 15777 Intraday Pick ICICIPRULI 15815 Intraday Pick MFSL

Institutional Equity Research NIFTY 15738 IN FOCUS June 11 2021 Support 15674 Stock in Focus CASTROL INDIA MARKET LENS 15610 Intraday Pick AMBUJACEM Resistance 15777 Intraday Pick ICICIPRULI 15815 Intraday Pick MFSL

EQUITY INDICES

Indices Absolute Change Percentage Change Domestic Last Trade Change 1-D 1-Mth YTD BSE Sensex 52,300 358.8 0.7% 7.4% 9.5% CNX Nifty 15,738 102.4 0.7% 7.1% 12.6% S&P CNX 500 13,517 120.8 0.9% 7.8% 17.4% SENSEX 50 16,487 112.1 0.7% 7.1% 12.6%

International Last Trade Change 1-D 1-Mth YTD DJIA 34,466 19.1 0.1% 2.6% 12.6% NASDAQ 14,020 108.6 0.8% 7.6% 8.8% NIKKEI 29,034 75.4 0.3% 3.2% 5.8% HANGSENG 28,923 201.6 0.7% 2.5% 6.2%

ADRs / GDRs Last Trade Change 1-D 1-Mth YTD Dr. Reddy’s Lab (ADR) 72.6 0.8 1.1% 1.6% 1.9% STOCK IN FOCUS Tata Motors (ADR) 23.6 0.1 0.6% 10.1% 87.0% f Castrol India continued with its superlative performance driven Infosys (ADR) 19.9 0.2 1.2% 11.5% 17.4% by revival in auto sales and healthy replacement demand. In ICICI Bank (ADR) 17.6 0.2 1.0% 10.6% 18.5% continuance with its strategy to protect its margins, the company HDFC Bank (ADR) 77.2 (0.0) (0.0%) 12.8% 6.9% hiked the prices in Apr’21 for its retail business. Despite hike in Axis Bank (GDR) 50.6 0.3 0.6% 7.9% 19.6% Price in Jan’21, volume stood at ~61mn litres (up 62% YoY and 17% Reliance Ind (GDR) 60.0 (0.3) (0.5%) 15.5% 9.7% QoQ). The automotive segment continued to account for ~85% of COMMODITY MARKET volume (within automotive personal mobility is ~40%), while the Key Commodities Last Trade Change 1-D 1-Mth YTD non-automotive segment accounted for the rest. Expansion in the Brent Crude ($/bl) 72.3 (0.0) (0.0%) 4.3% 39.5% number of Jio-BP retail outlets (expected to 5,000+ sites) over the Silver ($/Oz) 28.2 0.1 0.5% 3.4% 6.2% next couple of years would also prove beneficial for CSTRL, aiding the Gold ($/Oz) 1,902.6 6.2 0.3% 4.3% (0.2%) company in strengthening its network. We expect Castrol to report a Copper LME ($/MT) 9,879.8 (12.5) (0.1%) (5.1%) 27.4% volume CAGR of 13% over CY20-CY23E Aluminium LME ($/MT) 2,482.5 5.3 0.2% 0.9% 25.3%

f No Adverse Impact of electric vehicles, conventional fuel to stay CURRENCY RATES relevant in medium-term, base oil market dynamic to remain Last Trade Change 1-D 1-Mth YTD unchanged and foray into car care market in partnership with 3M USD/INR 73.2 0.10 0.1% (0.5%) (0.1%) India are the key medium-term catalyst for the stock. EUR/INR 89.1 0.03 0.0% (0.2%) (0.9%) f Castrol’s valuation is inexpensive compared to FMCG majors RATES thereby recommending to buy with a 2-Year target price of Last Trade Change 1-D 1-Mth YTD Rs.169. T-Bill - 91 D 3.4 0.00 0.00 0.01 0.11 10 Year G-sec Yield 6.0 0.00 0.00 0.00 0.02 Intraday Picks AMBUJACEM (PREVIOUS CLOSE: 342) BUY INVESTMENT ACTIVITY (RS. CR) For today’s trade, long position can be initiated in the range of Rs339- Category BUY SELL NET Prev 336 for the target of Rs350 with a strict stop loss of Rs332. FII 7,448.0 6,118.3 1,329.7 (846.4) DII 4,282.2 4,857.4 (575.2) (271.7) ICICIPRULI (PREVIOUS CLOSE: 581) BUY For today’s trade, long position can be initiated in the range of Rs578- EXCHANGE TURNOVER 574 for the target of Rs598 with a strict stop loss of Rs567. Exchange Rs Crore BSE Equity 5,543.4 MFSL (PREVIOUS CLOSE: 1028) BUY BSE Derivatives 3,01,011.8 For today’s trade, long position can be initiated in the range of Rs1017- NSE Equity 69,990.7 1009 for the target of Rs1095 with a strict stop loss of Rs994. NSE Derivatives 83,46,719.1

1 Institutional Equity Research NIFTY 15738 IN FOCUS June 11 2021 Support 15674 Stock in Focus CASTROL INDIA MARKET LENS 15610 Intraday Pick AMBUJACEM Resistance 15777 Intraday Pick ICICIPRULI 15815 Intraday Pick MFSL

Technical Research

MARKET SYNOPSIS f On Thursday, NSE-NIFTY began the day on a stable note and later advanced gradually the way session progressed. Finally, the index finished trade with the gain of 102 points at 15,738-level. f NSE Cash segment reported turnover of Rs69,991 crore as compared to Rs88,740 crore reported earlier. f Overall market breadth turned positive, where 1,544 stocks advanced against 475 declined stocks. f Positive trend was observed across sectoral indices during the day barring Auto (declined by 0.1%), where PSU Bank, Realty and Media emerged as top gainers with the increase of 2.4%, 3.3% and 4.6%, respectively.

NSE-NIFTY OUTLOOK f We believe NIFTY will oscillate in the narrow range for the near-term. Yesterday, the index bounced invalidating prior bearish belt hold pattern and formed bullish harami on the daily chart. A stable move above the high of bearish candle will be positive, which is placed at around 15,800-level. Due to recent rebound in the index, the key technical indicators on the near-term timeframe chart reversed and are positively poised. In case of breakout, the index could move towards 16,000-level. In the meanwhile, the index will oscillate in the narrow range. On the lower side, the index will find support at around 15,550-level. f As for the day, support is placed at around 15,674 and then at 15,610 levels, while resistance is observed at 15,777 and then at 15,815 levels.

2 Institutional Equity Research NIFTY 15738 IN FOCUS June 11 2021 Support 15674 Stock in Focus CASTROL INDIA MARKET LENS 15610 Intraday Pick AMBUJACEM Resistance 15777 Intraday Pick ICICIPRULI 15815 Intraday Pick MFSL Derivatives Snapshot f NIFTY50 opened higher on back of positive global cues and gained momentum in the second half to close near the high point of the day. Nifty closed up by 102 point at 15,738 levels. Among the nifty stocks 34 advanced and 15 declined during the day. f Among sectors there was positive momentum in Media, Realty and PSU Banks to gain by 2.5% average while Auto declined by 0.2% average for the day. f Broader market indices remained positive with NIFTY 100, 200 and 500 to close up by 0.8% average while midcap indices and small cap indices gained by 1.5% for the day. f Nifty Jun futures end with 25 points premium at 15,751 mark while on other hand, Bank Nifty Jun futures ended with the premium of 129 points at 35,267 mark. f Nifty has witnessed bounce from the support of 15,600 and expect to scale a new all time high with key supports placed at 15,450-15,500 levels. Sectoral Activity: Amongst sectoral index Media and Realty remained in focus with positive momentum. Stock Activity: Sun TV and DLF have witnessed long build up in today’s trade

3 Institutional Equity Research NIFTY 15738 IN FOCUS June 11 2021 Support 15674 Stock in Focus CASTROL INDIA MARKET LENS 15610 Intraday Pick AMBUJACEM Resistance 15777 Intraday Pick ICICIPRULI 15815 Intraday Pick MFSL Pivot Table Name LTP Support 2 Support 1 Pivot Resistance 1 Resistance 2 SENSEX 52300 51813 52057 52202 52445 52590 NIFTY 15738 15610 15674 15713 15777 15815 BANKNIFTY 35131 34579 34855 35010 35286 35442 ADANIPORTS 847 831 839 851 859 872 ASIANPAINT 2951 2905 2928 2944 2966 2982 AXISBANK 744 728 736 741 749 753 BAJAJ-AUTO 4180 4126 4153 4193 4220 4261 BAJAJFINSV 11993 11193 11593 11900 12301 12608 BAJFINANCE 6086 5521 5804 5959 6242 6397 BHARTIARTL 545 537 541 544 549 552 BPCL 484 480 482 485 486 489 BRITANNIA 3576 3524 3550 3581 3607 3638 CIPLA 974 955 964 970 979 985 COALINDIA 157 154 155 157 158 160 DIVISLAB 4373 4208 4290 4358 4440 4508 DRREDDY 5292 5207 5250 5275 5317 5342 EICHERMOT 2705 2653 2679 2717 2743 2781 GAIL 164 158 161 163 166 169 GRASIM 1493 1469 1481 1499 1511 1529 HCLTECH 969 957 963 972 978 987 HDFC 2562 2522 2542 2555 2575 2588 HDFCBANK 1481 1466 1473 1481 1489 1497 HDFCLIFE 689 681 685 688 693 696 HEROMOTOCO 3009 2972 2991 3017 3036 3062 HINDALCO 385 381 383 387 389 392 HINDUNILVR 2379 2333 2356 2378 2401 2423 ICICIBANK 640 627 633 638 645 649 INDUSINDBK 1024 997 1011 1020 1033 1042 INFY 1424 1414 1419 1424 1429 1434 IOC 116 115 115 116 117 117 ITC 209 206 207 209 211 213 JSWSTEEL 706 689 698 708 717 727 KOTAKBANK 1800 1766 1783 1793 1810 1820 LT 1520 1504 1512 1523 1531 1542 M&M 807 799 803 807 811 815 MARUTI 7200 7112 7156 7218 7262 7323 NESTLEIND 17556 17389 17472 17574 17657 17759 NTPC 119 116 117 119 120 121 ONGC 124 121 123 124 125 126 POWERGRID 242 236 239 243 246 251 RELIANCE 2183 2144 2164 2197 2216 2249 SBILIFE 998 985 991 998 1004 1011 SBIN 432 418 425 429 436 440 SHREECEM 28226 27486 27856 28490 28860 29494 SUNPHARMA 676 669 672 677 680 685 TATAMOTORS 345 340 342 345 348 350 TATASTEEL 1114 1091 1103 1114 1126 1137 TCS 3217 3180 3199 3211 3230 3242 TECHM 1065 1048 1056 1065 1074 1083 TITAN 1739 1712 1725 1736 1749 1759 ULTRACEMCO 6710 6635 6673 6718 6755 6801 UPL 839 826 833 843 849 860 WIPRO 554 542 548 552 558 562

4 Institutional Equity Research NIFTY 15738 IN FOCUS June 11 2021 Support 15674 Stock in Focus CASTROL INDIA MARKET LENS 15610 Intraday Pick AMBUJACEM Resistance 15777 Intraday Pick ICICIPRULI 15815 Intraday Pick MFSL Simple Moving Average Scrip Name Close Rate 20-SMA 50-SMA 100-SMA 200-SMA HIGH_52WEEK LOW_52WEEK SENSEX 52300 51113 49815 49932 46087 52517 32924 NIFTY 15738 15363 14935 14850 13633 15800 9726 BANKNIFTY 35131 34667 33411 33921 30148 37709 19507 ADANIPORTS 847 794 768 701 547 901 298 ASIANPAINT 2951 2891 2700 2579 2407 2990 1587 AXISBANK 744 733 707 714 624 799 360 BAJAJ-AUTO 4180 4158 3898 3900 3504 4361 2646 BAJAJFINSV 11993 11596 10754 10194 8682 12208 4981 BAJFINANCE 6086 5697 5329 5318 4696 6115 2285 BHARTIARTL 545 534 538 551 515 623 394 BPCL 484 468 442 435 409 494 325 BRITANNIA 3576 3483 3554 3521 3586 4010 3317 CIPLA 974 934 905 860 815 975 621 COALINDIA 157 150 139 140 133 163 110 DIVISLAB 4373 4149 3959 3754 3568 4425 2090 DRREDDY 5292 5258 5071 4863 4892 5513 3814 EICHERMOT 2705 2631 2527 2631 2480 3037 1628 GAIL 164 157 146 142 122 170 81 GRASIM 1493 1432 1409 1318 1064 1531 565 HCLTECH 969 941 954 958 898 1067 545 HDFC 2562 2533 2506 2565 2337 2896 1623 HDFCBANK 1481 1482 1451 1489 1375 1641 943 HDFCLIFE 689 672 679 690 653 746 495 HEROMOTOCO 3009 2959 2905 3125 3099 3629 2316 HINDALCO 385 391 374 336 270 428 143 HINDUNILVR 2379 2354 2382 2317 2255 2506 2000 ICICIBANK 640 640 608 603 522 679 326 INDUSINDBK 1024 997 945 973 849 1120 456 INFY 1424 1375 1371 1344 1221 1478 685 IOC 116 110 99 99 91 118 72 ITC 209 211 209 212 200 239 163 JSWSTEEL 706 702 661 534 430 773 180 KOTAKBANK 1800 1772 1767 1825 1720 2049 1228 LT 1520 1469 1410 1434 1241 1593 843 M&M 807 803 790 817 738 952 492 MARUTI 7200 7009 6819 7125 7145 8329 5391 NESTLEIND 17556 17491 17148 17052 16991 18844 15100 NTPC 119 113 108 105 99 121 78 ONGC 124 117 110 107 93 128 64 POWERGRID 242 230 221 217 199 248 155 RELIANCE 2183 2080 2006 2021 2047 2369 1561 SBILIFE 998 978 947 918 879 1045 741 SBIN 432 413 376 369 298 442 169 SHREECEM 28226 27764 28507 27545 24881 32048 18184 SUNPHARMA 676 684 659 632 580 722 452 TATAMOTORS 345 324 311 309 232 359 92 TATASTEEL 1114 1119 1025 861 675 1247 301 TCS 3217 3132 3144 3133 2895 3354 2001 TECHM 1065 1007 996 990 921 1082 528 TITAN 1739 1595 1538 1509 1402 1746 934 ULTRACEMCO 6710 6629 6558 6390 5487 7056 3688 UPL 839 809 698 636 554 865 398 WIPRO 554 529 491 460 400 556 208

5 Institutional Equity Research NIFTY 15738 IN FOCUS June 11 2021 Support 15674 Stock in Focus CASTROL INDIA MARKET LENS 15610 Intraday Pick AMBUJACEM Resistance 15777 Intraday Pick ICICIPRULI 15815 Intraday Pick MFSL Bulk Deals Snapshot Deal Date Scrip Code Company Client Name Deal Type* Quantity Price 10/06/2021 540615 7NR PINAL KANCHANLAL SHAH S 135,000 8.23 10/06/2021 540615 7NR KAUSHALKUMAR CHATURBHAI SOHAGIA B 80,459 8.21 10/06/2021 540615 7NR KAUSHALKUMAR CHATURBHAI SOHAGIA S 35,000 8.08 10/06/2021 538778 AKASHDEEP NAVEEN GUPTA B 91,907 43.68 10/06/2021 538778 AKASHDEEP NAVEEN GUPTA S 91,766 44.25 10/06/2021 538778 AKASHDEEP SECUROCROP SECURITIES INDIA PRIVATE LIMTED S 93,861 45.54 10/06/2021 500009 AMBALALSA MANSI SHARE & STOCK ADVISORS PRIVATE LIMITED B 876,252 46.74 10/06/2021 500009 AMBALALSA MANSI SHARE & STOCK ADVISORS PRIVATE LIMITED S 219,421 46.49 10/06/2021 500009 AMBALALSA TEJAS TRADEFIN LLP B 410,294 46.67 10/06/2021 500009 AMBALALSA TOPGAIN FINANCE PRIVATE LIMITED B 1,915,316 46.21 10/06/2021 500009 AMBALALSA TEJAS TRADEFIN LLP S 308,594 47.53 10/06/2021 500009 AMBALALSA TOPGAIN FINANCE PRIVATE LIMITED S 838,822 47.36 10/06/2021 524640 ARCHITORG SWETSAM STOCK HOLDING PRIVATE LIMITED S 200,000 55.02 10/06/2021 524640 ARCHITORG NIRAJ RAJNIKANT SHAH B 102,650 57.00 10/06/2021 524640 ARCHITORG PANKAJ DHANJI CHHEDA HUF B 108,573 57.04 10/06/2021 524640 ARCHITORG PANKAJ DHANJI CHHEDA HUF S 83,573 57.05 10/06/2021 531752 BIOGEN ALPHA LEON ENTERPRISES LLP B 8,471,891 .29 10/06/2021 532386 CALSOFT RAMSHANKAR BHAGWATIPRASAD DUBEY S 93,781 15.38 10/06/2021 539800 CHDCHEM DIVYA KOTHARI S 100,000 16.24 10/06/2021 539800 CHDCHEM BP EQUITIES PVT. LTD. B 104,857 16.24 10/06/2021 539800 CHDCHEM BP EQUITIES PVT. LTD. S 139,857 16.23 10/06/2021 539800 CHDCHEM STANISLAUSMARTINVIVEKALOYSIUS S 122,500 16.23 10/06/2021 539800 CHDCHEM KIRTI RAMAN MEHTA B 300,054 16.23 10/06/2021 539800 CHDCHEM KIRTI RAMAN MEHTA S 300,054 16.24 10/06/2021 542155 DGL SUNDARARAJAN SUDHARANI B 52,000 3.22 10/06/2021 542155 DGL MAANOR INVESTMENTS PRIVATE LIMITED . S 154,000 3.18 10/06/2021 542653 JINAAM DHIRAJJUNEJA B 144,000 2.74 10/06/2021 531337 JUMPNET KULWANTSINGH B 597,727 9.70 10/06/2021 539679 KAPILRAJ KOTHARI &SONS HUF S 81,453 10.00 10/06/2021 539679 KAPILRAJ AMISHA YADAV B 65,000 10.00 10/06/2021 539679 KAPILRAJ AJEET SINGH BISEN B 62,808 10.00 10/06/2021 532054 KDDL K INDIA OPPORTUNITIES FUND LIMITED CLASS S B 350,450 353.55 10/06/2021 532054 KDDL KITARA INDIA MICRO CAP GROWTH FUND S 350,450 353.55 10/06/2021 505523 MAHACORP TURBOT TRADERS PRIVATE LIMITED S 1,100,000 .52 10/06/2021 505850 MANCREDIT GALARY TRADING PRIVATE LIMITED S 100,000 61.61 10/06/2021 533080 MOLDTKPAC K INDIA OPPORTUNITIES FUND LIMITED CLASS S B 600,000 499.35 10/06/2021 533080 MOLDTKPAC KITARA INDIA MICRO CAP GROWTH FUND S 600,000 499.35 10/06/2021 540809 MRCEXIM ESPS FINSERVE PRIVATE LIMITED B 72,000 5.30 10/06/2021 540809 MRCEXIM HEMANT PARMANAND SINGH B 96,000 5.60 10/06/2021 540809 MRCEXIM BHARAT MALHOTRA S 168,000 5.47 10/06/2021 531254 OPTIFIN MUKESH MANUBHAI SHAH B 50,000 25.62 10/06/2021 531254 OPTIFIN VEAM CAPITALS PRIVATE LIMITED S 50,000 25.63 10/06/2021 531952 RIBATEX RAJINDER PARSAD B 53,550 55.25 10/06/2021 531411 TUNITEX RAMAKRISHN SEKAR S 725,388 .93 10/06/2021 533644 UJAAS MANSI SHARE & STOCK ADVISORS PRIVATE LIMITED B 1,015,696 3.78 10/06/2021 539222 VMV ESPS FINSERVE PRIVATE LIMITED. S 70,000 10.90 10/06/2021 539222 VMV ROOPA SHARMA B 67,500 11.01 *B - Buy, S - Sell, ** = Weighted Average Trade Price / Trade Price 6 Institutional Equity Research NIFTY 15738 IN FOCUS June 11 2021 Support 15674 Stock in Focus CASTROL INDIA MARKET LENS 15610 Intraday Pick AMBUJACEM Resistance 15777 Intraday Pick ICICIPRULI 15815 Intraday Pick MFSL

Monthly Economic Calendar

Date Country Event Period Survey Prior 11-06-2021 India India Industrial Production APR - 22.40 11-06-2021 United Kingdom UK Trade Balance in Goods with APR - -6,548.00 11-06-2021 United Kingdom UK Trade Balance in Goods SA APR - -11,710.00 11-06-2021 United Kingdom UK Trade Balance Value of Trad APR - -1,966.00 14-06-2021 India India Wholesale Price Index Al MAY - 10.49 15-06-2021 United States US Industrial Production MOM S MAY 0.00 0.67 15-06-2021 United States US Capacity Utilization % of T MAY 0.00 74.87 15-06-2021 United States US Industrial Production Indus MAY - 0.40 15-06-2021 United States US Empire State Manufacturing JUN - 24.30 15-06-2021 United States National Association of Home B JUN - 83.00 15-06-2021 United States Adjusted Retail & Food Service MAY 0.00 0.00 15-06-2021 United States Adjusted Retail Sales Less Aut MAY 0.00 -0.80 15-06-2021 United States Adjusted Retail Sales Less Aut MAY 0.00 -0.80 15-06-2021 United States Retail Sales Less Food Service MAY 0.00 -1.50 15-06-2021 United States US Manufacturing & Trade Inven APR - 0.30 16-06-2021 United States US Import Price Index by End U MAY - 0.70 16-06-2021 United States US Import Price Index by End U MAY - 10.60 16-06-2021 United States US Foreign Net Transactions APR - 262.19 16-06-2021 United States US Treasury International Capi APR - 146.44 16-06-2021 United States Federal Funds Target Rate - Up JUN 16 0.25 0.25 17-06-2021 United States Conference Board US Leading In MAY - 1.60 17-06-2021 United States Philadelphia Fed Business Outl JUN - 31.50 20-01-2022 United States Langer US National Economy Exp JAN 22-06-2021 United States US Existing Homes Sales SAAR MAY - 5.85 22-06-2021 United States US Existing Homes Sales MoM SA MAY - -2.66 22-06-2021 United States Richmond Manufacturing Survey JUN 18.67 18.00 27-05-2021 United States US Initial Jobless Claims SA MAY 22 429.71 444.00 27-05-2021 United States US Continuing Jobless Claims S MAY 15 3,686.25 3,751.00 27-05-2021 United States Langer US Weekly Consumer Comf MAY 23 - 55.30 28-05-2021 United States Market News International Chic MAY 68.01 72.10 28-05-2021 United States Merchant Wholesalers Inventori APR P 0.79 1.30 28-05-2021 United States University of Michigan Consume MAY F 83.11 82.80 29-06-2021 United States S&P CoreLogic Case-Shiller 20- APR 1.25 1.60 29-06-2021 United States S&P CoreLogic Case-Shiller 20- APR 12.57 13.27 29-06-2021 United States S&P CoreLogic Case-Shiller 20- APR - 251.57 29-06-2021 United States Conference Board Consumer Conf JUN 118.55 117.20 29-06-2021 United States FHFA US House Price Index Purc APR 1.12 1.40 31-05-2021 Canada STCA Canada Raw Materials Pric APR - 2.31 31-05-2021 Canada STCA Canada Industrial Product APR - 1.59

7 Institutional Equity Research NIFTY 15738 IN FOCUS June 11 2021 Support 15674 Stock in Focus CASTROL INDIA MARKET LENS 15610 Intraday Pick AMBUJACEM Resistance 15777 Intraday Pick ICICIPRULI 15815 Intraday Pick MFSL

Corporate Actions Company Name Ex-Date Purpose GOVERNMENT OF INDIA 11-Jun-21 Interest Payment GOVERNMENT OF INDIA 11-Jun-21 Interest Payment Government of India 11-Jun-21 Interest Payment Government of India 11-Jun-21 Interest Payment GOVERNMENT OF INDIA 11-Jun-21 Interest Payment The Indian Hotels Company Limited 14-Jun-21 Annual General Meeting/Dividend - Rs 0.40 Per Share Tata Chemicals Limited 14-Jun-21 Annual General Meeting/Dividend - Rs 10 Per Share Hindustan Unilever Limited 14-Jun-21 Annual General Meeting/Dividend - Rs 17 Per Sh GOVERNMENT OF INDIA 15-Jun-21 Interest Payment GOVERNMENT OF INDIA 15-Jun-21 Interest Payment Bil Energy Systems Limited 15-Jun-21 Annual General Meeting

Result Calendar Company name Board Meeting Date Purpose Tide Water Oil Company (India) Limited 10-Jun-21 Financial Results/Dividend/Bonus 21st Century Management Services Limited 11-Jun-21 Financial Results Aksh Optifibre Limited 11-Jun-21 Financial Results AksharChem India Limited 11-Jun-21 Financial Results/Dividend AXISCADES Technologies Limited 11-Jun-21 Financial Results BEML Limited 11-Jun-21 Financial Results/Dividend Bharat Gears Limited 11-Jun-21 Financial Results Bharat Heavy Electricals Limited 11-Jun-21 Financial Results CG Power and Industrial Solutions Limited 11-Jun-21 Financial Results Cochin Shipyard Limited 11-Jun-21 Financial Results/Dividend Deccan Cements Limited 11-Jun-21 Financial Results/Dividend DFM Foods Limited 11-Jun-21 Financial Results/Dividend DLF Limited 11-Jun-21 Financial Results Goa Carbon Limited 11-Jun-21 Financial Results/Dividend Heranba Industries Limited 11-Jun-21 Financial Results/Dividend IVP Limited 11-Jun-21 Financial Results/Dividend Likhitha Infrastructure Limited 11-Jun-21 Financial Results/Dividend Lumax Industries Limited 11-Jun-21 Financial Results/Dividend Max Ventures and Industries Limited 11-Jun-21 Financial Results MSP Steel & Power Limited 11-Jun-21 Financial Results Nitco Limited 11-Jun-21 Financial Results Oricon Enterprises Limited 11-Jun-21 Financial Results/Dividend Patel Engineering Limited 11-Jun-21 Financial Results Responsive Industries Limited 11-Jun-21 Financial Results Shiva Mills Limited 11-Jun-21 Financial Results/Dividend Silgo Retail Limited 11-Jun-21 Financial Results

8 Institutional Equity Research NIFTY 15738 IN FOCUS June 11 2021 Support 15674 Stock in Focus CASTROL INDIA MARKET LENS 15610 Intraday Pick AMBUJACEM Resistance 15777 Intraday Pick ICICIPRULI 15815 Intraday Pick MFSL

Result Calendar Company name Board Meeting Date Purpose Sun TV Network Limited 11-Jun-21 Financial Results Anupam Rasayan India Limited 12-Jun-21 Financial Results/Dividend Capacit'e Infraprojects Limited 12-Jun-21 Financial Results CARE Ratings Limited 12-Jun-21 Financial Results Indian Hume Pipe Company Limited 12-Jun-21 Financial Results IZMO Limited 12-Jun-21 Financial Results JK Cement Limited 12-Jun-21 Financial Results/Dividend Kapston Facilities Management Limited 12-Jun-21 Financial Results Kernex Microsystems (India) Limited 12-Jun-21 Financial Results NRB Industrial Bearings Limited 12-Jun-21 Financial Results Parag Milk Foods Limited 12-Jun-21 Financial Results/Dividend Sobha Limited 12-Jun-21 Financial Results/Dividend Sterling Tools Limited 12-Jun-21 Financial Results/Dividend VRL Logistics Limited 12-Jun-21 Financial Results/Dividend BF Investment Limited 14-Jun-21 Financial Results BF Utilities Limited 14-Jun-21 Financial Results Coal India Limited 14-Jun-21 Financial Results/Dividend Gayatri Projects Limited 14-Jun-21 Financial Results Globus Spirits Limited 14-Jun-21 Financial Results/Dividend Greenply Industries Limited 14-Jun-21 Financial Results/Dividend Greenply Industries Limited 14-Jun-21 Financial Results/Dividend Hemisphere Properties India Limited 14-Jun-21 Financial Results IDFC Limited 14-Jun-21 Financial Results IFB Industries Limited 14-Jun-21 Financial Results Jaiprakash Power Ventures Limited 14-Jun-21 Financial Results JB Chemicals & Pharmaceuticals Limited 14-Jun-21 Financial Results Kajaria Ceramics Limited 14-Jun-21 Financial Results KDDL Limited 14-Jun-21 Financial Results Kellton Tech Solutions Limited 14-Jun-21 Financial Results/Dividend MIRC Electronics Limited 14-Jun-21 Financial Results Mohit Industries Limited 14-Jun-21 Financial Results Satin Creditcare Network Limited 14-Jun-21 Financial Results Swelect Energy Systems Limited 14-Jun-21 Financial Results/Dividend Tembo Global Industries Limited 14-Jun-21 Financial Results The Western India Plywoods Limited 14-Jun-21 Financial Results/Dividend TIPS Industries Limited 14-Jun-21 Financial Results/Dividend Uttam Sugar Mills Limited 14-Jun-21 Financial Results BLS International Services Limited 15-Jun-21 Financial Results/Dividend Centum Electronics Limited 15-Jun-21 Financial Results/Dividend Digicontent Limited 15-Jun-21 Financial Results Jubilant Foodworks Limited 15-Jun-21 Financial Results/Dividend Manaksia Limited 15-Jun-21 Financial Results/Dividend Power Finance Corporation Limited 15-Jun-21 Financial Results 9 Institutional Equity Research NIFTY 15738 IN FOCUS June 11 2021 Support 15674 Stock in Focus CASTROL INDIA MARKET LENS 15610 Intraday Pick AMBUJACEM Resistance 15777 Intraday Pick ICICIPRULI 15815 Intraday Pick MFSL

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 15738 IN FOCUS June 11 2021 Support 15674 Stock in Focus CASTROL INDIA MARKET LENS 15610 Intraday Pick AMBUJACEM Resistance 15777 Intraday Pick ICICIPRULI 15815 Intraday Pick MFSL

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. 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. RSL or its directors, employees, affiliates or representatives do not assume any responsibility for, or warrant the accuracy, completeness, adequacy and reliability of such information / opinions / views. While due care has been taken to ensure that the disclosures and opinions given are fair and reasonable, none of the directors, employees, affiliates or representatives of RSL shall be liable for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including lost profits arising in any way whatsoever from the information / opinions / views contained in this Report. Risks: Trading and investment in securities are subject to market risks. There are no assurances or guarantees that the objectives of any of trading / investment in securities will be achieved. The trades/ investments referred to herein may not be suitable to all categories of traders/investors. The names of securities mentioned herein do not in any manner indicate their prospects or returns. The value of securities referred to herein may be adversely affected by the performance or otherwise of the respective issuer companies, changes in the market conditions, micro and macro factors and forces affecting capital markets like interest rate risk, credit risk, liquidity risk and reinvestment risk. Derivative products may also be affected by various risks including but not limited to counter party risk, market risk, valuation risk, liquidity risk and other risks. Besides the price of the underlying asset, volatility, tenor and interest rates may affect the pricing of derivatives. Disclaimers in respect of jurisdiction: The possession, circulation and/or distribution of this Report may be restricted or regulated in certain jurisdictions by appropriate laws. No action has been or will be taken by RSL in any jurisdiction (other than India), where any action for such purpose(s) is required. Accordingly, this Report shall not be possessed, circulated and/or distributed in any such country or jurisdiction unless such action is in compliance with all applicable laws and regulations of such country or jurisdiction. RSL requires such recipient to inform himself about and to observe any restrictions at his own expense, without any liability to RSL. Any dispute arising out of this Report shall be subject to the exclusive jurisdiction of the Courts in India. Disclosure of Interest: The research analysts who have prepared this Report hereby certify that the views /opinions expressed in this Report are their personal independent views/opinions in respect of the securities and their respective issuers. None of RSL, research analysts, or their relatives had any known direct /indirect material conflict of interest including any long/short position(s) in any specific security on which views/opinions have been made in this Report, during its preparation. RSL’s Associates may have other potential/material conflict of interest with respect to any recommendation and related information and opinions at the time of publication of research report. RSL, its Associates, the research analysts, or their relatives might have financial interest in the issuer company(ies) of the said securities. RSL or its Associates may have received a compensation from the said issuer company(ies) in last 12 months for the brokerage or non brokerage services.RSL, its Associates, the research analysts or their relatives have not received any compensation or other benefits directly or indirectly from the said issuer company(ies) or any third party in last 12 months in any respect whatsoever for preparation of this report.

The research analysts has served as an officer, director or employee of the said issuer company(ies)?: No RSL, its Associates, the research analysts or their relatives holds ownership of 1% or more, in respect of the said issuer company(ies).?: No

Copyright: The copyright in this Report belongs exclusively to RSL. This Report shall only be read by those persons to whom it has been delivered. No reprinting, reproduction, copying, distribution of this Report in any manner whatsoever, in whole or in part, is permitted without the prior express written consent of RSL. RSL’s activities were neither suspended nor have defaulted with any stock exchange with whom RSL is registered. Further, there does not exist any material adverse order/judgments/strictures assessed by any regulatory, government or public authority or agency or any law enforcing agency in last three years. Further, there does not exist any material enquiry of whatsoever nature instituted or pending against RSL as on the date of this Report. Important These disclaimers, risks and other disclosures must be read in conjunction with the information / opinions / views of which they form part of. RSL CIN: U65990MH2005PLC154052. SEBI registration no. (Stock Broker: INZ000172433, Depository Participants: CDSL IN-DP-257-2016 IN-DP- NSDL-363-2013, Research Analyst: INH000002384); AMFI ARN No.29889.