MARKET LENS 14681 Intraday Pic BRITANNIA Resistance 14998 Intraday Pick TITAN 15078 Intraday Pick ICICIGI

Institutional Equity Research NIFTY 14919 IN FOCUS March 03, 2021 Support 14800 Stock in Focus VARUN BEVERAGES MARKET LENS 14681 Intraday Pic BRITANNIA Resistance 14998 Intraday Pick TITAN 15078 Intraday Pick ICICIGI

EQUITY INDICES

Indices Absolute Change Percentage Change Domestic Last Trade Change 1-D 1-Mth YTD BSE Sensex 50,296.9 447.1 0.9% 0.1% 5.3% CNX Nifty 14,919.1 157.6 1.1% 0.9% 6.7% S&P CNX 500 12,519.4 151.1 1.2% 2.8% 8.7% SENSEX 50 15,593.5 163.4 1.0% 0.8% 6.5%

International Last Trade Change 1-D 1-Mth YTD DJIA 31,391.5 (144.0) -0.5% 2.2% 2.6% NASDAQ 13,358.8 (230.0) -1.7% -1.8% 3.7% NIKKEI 29,365.5 (42.7) -0.1% 2.5% 7.0% HANGSENG 29,212.9 117.1 0.4% -0.3% 7.3% MSCI Emerging Mkts 1,359.7 (2.8) -0.2% -2.4% 5.3%

ADRs / GDRs Last Trade Change 1-D 1-Mth YTD Dr. Reddy’s Lab (ADR) 60.4 0.0 0.0% -3.5% -15.2% STOCK IN FOCUS Tata Motors (ADR) 23.4 0.8 3.5% 3.2% 85.3% f VBL has second largest franchise for carbonated/non-carbonated Infosys (ADR) 18.0 0.4 2.0% 2.1% 6.3% beverages in the world (outside the US), License to produce/market ICICI Bank (ADR) 16.8 (0.1) -0.5% -2.3% 13.3% PepsiCo’s products across India and 5 developing economies, HDFC Bank (ADR) 82.8 0.7 0.8% 3.2% 14.6% Diverse portfolio to tap varied consumer preferences, agile business Axis Bank (GDR) 49.4 0.1 0.3% -1.0% 16.8% model with focus on generating steady cash flows are some of the Reliance Ind (GDR) 57.9 0.1 0.2% 8.6% 5.9% long-term catalysts for the company. COMMODITY MARKET f In 4QCY20, VBL’s overall sales volume was impacted by farmers Key Commodities Last Trade Change 1-D 1-Mth YTD protest in North India due to very limited goods movement. Brent Crude ($/bl) 62.7 (0.1) -0.1% 7.2% 20.9% Favorable mix played a major role in gross margin improvement Silver ($/Oz) 26.7 (0.1) -0.3% -0.8% 1.1% primarily due to glass packed bottle volume reduced drastically Gold ($/Oz) 1,734.0 (4.4) -0.3% -5.5% -8.7% and PET packed products demands remained elevated. Along Copper LME ($/MT) 9,220.3 131.3 1.4% 18.4% 19.0% with this higher water sales volume led to lower sugar and lower Aluminium LME ($/MT) 2,208.5 93.5 4.4% 12.0% 11.9% concentration requirement. Baltic Dry 1,651.0 (24.0) -1.4% 24.4% 20.9%

f In 4QCY20, VBL’s realization improved to Rs 152.7 per case vs Rs 148 CURRENCY RATES per case (in 4Q19). In 1QCY21, PET prices gone up but company does Last Trade Change 1-D 1-Mth YTD not see major impact on EBITDA margins in coming quarters as they USD/INR 73.4 73.6 -0.2% 0.5% 0.4% have built up PET inventory at lower prices. EUR/INR 88.1 88.6 -0.5% 0.0% -1.9%

f VBL’s valuation is inexpensive compared to FMCG majors thereby RATES recommending to BUY with a 2-Year target price of Rs.1,141. Last Trade Change 1-D 1-Mth YTD T-Bill - 91 D 3.2 3.2 0.01 -0.02 0.08 Intraday Picks 10 Year G-sec Yield 6.2 6.2 0.00 0.02 0.06

BRITANNIA (PREVIOUS CLOSE: 3448) BUY INVESTMENT ACTIVITY (RS. CR) For today’s trade, long position can be initiated in the range of Rs3435- Category BUY SELL NET Prev 3415 the target of Rs3490 with a strict stop loss of Rs3390. FII 8,808.4 6,755.6 2,223.2 125.2 DII 4,315.3 5,169.4 (854.0) (194.9) TITAN (PREVIOUS CLOSE: 1471) BUY For today’s trade, long position can be initiated in the range of Rs1465- EXCHANGE TURNOVER 1455 the target of Rs1510 with a strict stop loss of Rs1435. Exchange Rs Crore BSE Equity 5,362.0 ICICIGI (PREVIOUS CLOSE: 1431) SELL BSE Derivatives 2,88,950.9 For today’s trade, short position can be initiated in the range of Rs1450- NSE Equity 74,767.0 1460 the target of Rs1385 with a strict stop loss of Rs1480. NSE Derivatives 35,62,774.4 1 Institutional Equity Research NIFTY 14919 IN FOCUS March 03, 2021 Support 14800 Stock in Focus VARUN BEVERAGES MARKET LENS 14681 Intraday Pic BRITANNIA Resistance 14998 Intraday Pick TITAN 15078 Intraday Pick ICICIGI

Technical Research

MARKET SYNOPSIS f Yesterday, NSE-NIFTY extended gain post gap-up opening, but later reversed down and filled the initial gap. On the lower side, the index took support at around 14,761-level and bounced. Later the index registered new intraday high of 14,959-level before closing the session. f Finally, NIFTY finished trade with the gain of 158 points at 14,919-level. f NSE Cash segment reported turnover of Rs74,767 crore as compared to Rs66,930 crore reported earlier. f Overall market breadth remained positive, where 1189 stocks advanced against 730 declined stocks. f Positive trend was observed across sectoral indices during the day barring PSU Bank, where Auto and IT emerged as top gainers with the increase of 3% and 3.2%, respectively. However rest of the sectoral indices reported gain between 0.2% and 1.4%.

NSE-NIFTY OUTLOOK f Continuing its daily rising trend, NSE-NIFTY regained 14,900-level. Yesterday, positive global cues and buying across the board supported the up-move. Overall market breadth remained positive. Major technical indicators on the near-term timeframe chart were positively poised and surpassed their threshold levels. However short-term technical indicators remained in favour of the bears. As per the current set-up, the index will oscillate between 15,000-14,500 levels. A stable move above 15,000-level will strengthen the index for its next leg of up-move, which could take the index towards 15,250-level. f As for the day, support is placed at around 14,800 and then at 14,681 levels, while resistance is observed at 14,998 and then at 15,078 levels.

2 Institutional Equity Research NIFTY 14919 IN FOCUS March 03, 2021 Support 14800 Stock in Focus VARUN BEVERAGES MARKET LENS 14681 Intraday Pic BRITANNIA Resistance 14998 Intraday Pick TITAN 15078 Intraday Pick ICICIGI

Derivatives Snapshot f NIFTY50 opened higher on back of positive global cues, filled the intraday gaps and again gained positive momentum to close near the high point of the day. Nifty closed up by 157 points at 14,919 levels. Among the nifty stocks 43 advanced and 7 declined during the day. f Among sectors positive momentum was across sectors like Auto, IT and Pharma to gain by 2.5% average while other sectors gained by 1% for the day. f Broader market indices remained positive with NIFTY 100, 200 and 500 to close up by 1.1% average while midcap indices and small cap indices gained by 1.7% for the day. f Nifty Mar futures end with 39 points premium at 14,958 mark while on other hand, Bank Nifty Mar futures ended with the premium of 35 points at 35,455 mark. f Nifty has closed near to 14,900 levels and the 20 day average placed at 15,000 will act as strong resistance from current levels. The trend reversal level is placed at 14,500 below which we expect sharp profit booking. Sectoral Activity: Amongst sectoral index IT and Pharma remained in focus with positive momentum. Stock Activity: LTI and Alkem have witnessed long buildup in today’s trade.

3 Institutional Equity Research NIFTY 14919 IN FOCUS March 03, 2021 Support 14800 Stock in Focus VARUN BEVERAGES MARKET LENS 14681 Intraday Pic BRITANNIA Resistance 14998 Intraday Pick TITAN 15078 Intraday Pick ICICIGI Pivot Table Name LTP Support 2 Support 1 Pivot Resistance 1 Resistance 2 SENSEX 50297 49549 49923 50181 50555 50814 NIFTY 14919 14681 14800 14880 14999 15078 BANKNIFTY 35420 34645 35032 35390 35777 36134 ADANIPORTS 721 685 703 714 731 742 ASIANPAINT 2390 2340 2365 2384 2409 2428 AXISBANK 731 713 722 731 741 750 BAJAJ-AUTO 3944 3715 3830 3896 4010 4077 BAJAJFINSV 9877 9688 9782 9874 9968 10060 BAJFINANCE 5316 5182 5249 5329 5397 5477 BHARTIARTL 541 523 532 538 547 553 BPCL 469 451 460 471 480 492 BRITANNIA 3448 3376 3412 3431 3467 3486 CIPLA 812 782 797 806 821 830 COALINDIA 153 150 152 154 156 158 DIVISLAB 3517 3432 3474 3498 3541 3565 DRREDDY 4405 4335 4370 4425 4460 4515 EICHERMOT 2602 2500 2551 2581 2632 2662 GAIL 145 142 143 145 147 148 GRASIM 1295 1247 1271 1285 1309 1322 HCLTECH 954 917 936 947 965 976 HDFC 2564 2500 2532 2573 2606 2647 HDFCBANK 1568 1532 1550 1569 1587 1605 HDFCLIFE 721 697 709 718 730 740 HEROMOTOCO 3476 3301 3389 3439 3527 3578 HINDALCO 345 334 340 344 350 355 HINDUNILVR 2178 2124 2151 2167 2194 2211 ICICIBANK 611 591 601 609 618 626 INDUSINDBK 1073 1047 1060 1073 1086 1100 INFY 1305 1267 1286 1298 1317 1329 IOC 102 100 101 103 104 105 ITC 210 205 207 209 212 213 JSWSTEEL 413 396 405 410 419 424 KOTAKBANK 1845 1796 1820 1844 1869 1893 LT 1486 1446 1466 1478 1497 1509 M&M 860 801 831 849 879 897 MARUTI 7214 6955 7084 7160 7289 7365 NESTLEIND 16576 16165 16371 16495 16701 16826 NTPC 113 106 109 111 115 117 ONGC 114 110 112 114 116 118 POWERGRID 225 220 222 226 228 232 RELIANCE 2106 2067 2087 2108 2128 2149 SBILIFE 879 863 871 879 887 894 SBIN 394 386 390 395 399 404 SHREECEM 27755 27092 27423 27612 27943 28132 SUNPHARMA 614 600 607 612 619 624 TATAMOTORS 346 319 332 340 353 361 TATASTEEL 736 716 726 733 742 749 TCS 3006 2916 2961 2993 3038 3070 TECHM 967 931 949 960 978 989 TITAN 1471 1441 1456 1465 1480 1489 ULTRACEMCO 6423 6241 6332 6403 6494 6565 UPL 589 564 577 593 605 621 WIPRO 430 412 421 427 436 442

4 Institutional Equity Research NIFTY 14919 IN FOCUS March 03, 2021 Support 14800 Stock in Focus VARUN BEVERAGES MARKET LENS 14681 Intraday Pic BRITANNIA Resistance 14998 Intraday Pick TITAN 15078 Intraday Pick ICICIGI Simple Moving Average Scrip Name Close Rate 20-SMA 50-SMA 100-SMA 200-SMA HIGH_52WEEK LOW_52WEEK SENSEX 50297 50845 49190 45993 41305 52517 25639 NIFTY 14919 14981 14465 13510 12156 15432 7511 BANKNIFTY 35420 35846 33182 30251 25945 37709 16116 ADANIPORTS 721 625 554 473 405 725 203 ASIANPAINT 2390 2422 2563 2399 2096 2873 1431 AXISBANK 731 745 686 623 526 799 286 BAJAJ-AUTO 3944 4083 3802 3444 3172 4361 1789 BAJAJFINSV 9877 10033 9384 8326 7119 10579 3985 BAJFINANCE 5316 5484 5218 4670 3871 5822 1783 BHARTIARTL 541 584 562 512 524 623 362 BPCL 469 426 406 389 390 482 252 BRITANNIA 3448 3425 3529 3563 3609 4010 2100 CIPLA 812 827 825 794 745 879 354 COALINDIA 153 140 138 131 131 180 110 DIVISLAB 3517 3614 3662 3518 3109 3915 1626 DRREDDY 4405 4641 4939 4945 4631 5513 2495 EICHERMOT 2602 2735 2713 2533 2250 3037 1245 GAIL 145 137 133 115 106 153 65 GRASIM 1295 1225 1081 956 798 1299 385 HCLTECH 954 944 956 902 782 1067 375 HDFC 2564 2721 2629 2402 2093 2896 1473 HDFCBANK 1568 1579 1492 1405 1229 1641 739 HDFCLIFE 721 702 693 655 612 744 340 HEROMOTOCO 3476 3439 3282 3185 2949 3629 1473 HINDALCO 345 300 268 237 200 355 85 HINDUNILVR 2178 2202 2303 2238 2189 2603 1750 ICICIBANK 611 631 574 515 437 679 268 INDUSINDBK 1073 1043 959 859 689 1137 236 INFY 1305 1284 1287 1205 1035 1393 509 IOC 102 98 96 90 87 113 71 ITC 210 218 213 199 195 239 135 JSWSTEEL 413 405 394 363 297 427 133 KOTAKBANK 1845 1926 1911 1796 1560 2049 1001 LT 1486 1519 1405 1221 1064 1593 648 M&M 860 873 806 734 649 952 245 MARUTI 7214 7394 7607 7379 6827 8329 4001 NESTLEIND 16576 16813 17558 17292 16897 18844 12200 NTPC 113 101 99 95 94 114 73 ONGC 114 104 99 87 83 121 50 POWERGRID 225 218 203 192 182 238 122 RELIANCE 2106 2022 1985 2008 1974 2369 867 SBILIFE 879 877 886 854 840 955 519 SBIN 394 390 326 277 233 428 149 SHREECEM 27755 27564 25519 24175 22692 29090 15410 SUNPHARMA 614 619 602 559 529 654 312 TATAMOTORS 346 325 263 209 163 347 64 TATASTEEL 736 694 673 581 472 753 251 TCS 3006 3095 3091 2904 2567 3340 1506 TECHM 967 970 982 919 782 1082 463 TITAN 1471 1478 1501 1403 1227 1621 721 ULTRACEMCO 6423 6314 5752 5248 4579 6589 2910 UPL 589 551 523 486 474 609 240 WIPRO 430 429 420 385 321 467 159 ZEEL 209 218 221 207 194 261 114

5 Institutional Equity Research NIFTY 14919 IN FOCUS March 03, 2021 Support 14800 Stock in Focus VARUN BEVERAGES MARKET LENS 14681 Intraday Pic BRITANNIA Resistance 14998 Intraday Pick TITAN 15078 Intraday Pick ICICIGI Bulk Deals Snapshot Deal Date Scrip Code Company Client Name Deal Type* Quantity Price 02/03/2021 540615 7NR RIDDHI PINAL SHAH S 140,622 6.87 02/03/2021 540615 7NR SANJAYKUMAR P AGRAWAL B 168,668 6.88 02/03/2021 540615 7NR SANJAYKUMAR P AGRAWAL S 25,000 7.02 02/03/2021 539991 CFEL BABITA SARAOGI B 50,000 36.75 02/03/2021 539991 CFEL DEEPAK KUMAR VIJAYVARGEE S 50,000 36.75 02/03/2021 538965 CONCORD NAGI REDDY SEELAM B 44,429 25.00 02/03/2021 538965 CONCORD MOHIT BUNG S 47,381 25.01 02/03/2021 539032 FRASER DIVYAKANDA B 61,166 4.60 02/03/2021 539032 FRASER DIVYAKANDA S 9,037 4.71 02/03/2021 540614 GGENG RASHI GUPTA S 100,000 108.85 02/03/2021 542682 HARISH MAHENDRA GIRDHARILAL WADHWANI B 33,500 32.20 02/03/2021 542682 HARISH GIRIDHAR GUPTA SOMISETTY S 20,000 32.21 02/03/2021 541627 HITECHWIND SHANKAR LAL JALAN B 50,000 9.38 02/03/2021 541627 HITECHWIND RAJESH JAYANTILAL MODI S 46,927 9.41 02/03/2021 500214 IONEXCHANG PLUTUS WEALTH MANAGEMENT LLP B 475,000 1,220.75 02/03/2021 500214 IONEXCHANG CHETAN RASIKLAL SHAH B 95,023 1,205.06 02/03/2021 500214 IONEXCHANG CHETAN RASIKLAL SHAH S 95,023 1,272.12 02/03/2021 500214 IONEXCHANG RAKESH RADHEYSHYAM JHUNJHUNWALA S 150,770 1,205.19 02/03/2021 500214 IONEXCHANG RARE INVESTMENTS S 387,727 1,205.42 02/03/2021 542924 JANUSCORP ARUNKUMAR DASHRATHBHAI PRAJAPATI B 37,500 107.84 02/03/2021 542924 JANUSCORP ARUNKUMAR DASHRATHBHAI PRAJAPATI S 1,500 106.00 02/03/2021 540385 KDLL BHUSHANPWANI S 25,000 15.05 02/03/2021 540385 KDLL KANWARPREET SINGH B 75,000 15.01 02/03/2021 540385 KDLL MUNISH KUMAR B 61 14.93 02/03/2021 540385 KDLL MUNISH KUMAR S 40,002 15.00 02/03/2021 507180 KESARENT RAVIRAJ DEVELOPERS LIMITED B 54,118 50.37 02/03/2021 539997 KPL ADITYA ARORA B 96,000 59.80 02/03/2021 539997 KPL ASHOK LAKHANI S 96,000 59.80 02/03/2021 539521 NAVIGANT JAYANTILAL HANSRAJ LODHA S 40,000 11.20 02/03/2021 539291 OZONEWORLD RAM MOONDRA B 20,000 80.92 02/03/2021 539291 OZONEWORLD ARUNKUMAR DASHRATHBHAI PRAJAPATI B 27,581 80.85 02/03/2021 539291 OZONEWORLD MANISH RAMESHBHAI PATEL S 36,617 81.10 02/03/2021 532911 PARLEIND NAVEEN GUPTA B 106,106 10.48 02/03/2021 532911 PARLEIND NAVEEN GUPTA S 106,106 10.65 02/03/2021 532911 PARLEIND PIL ENTERPRISE PRIVATE LIMITED S 300,000 10.51 02/03/2021 531454 POLYLINK MACE VENTURE B 449,673 14.99 02/03/2021 531454 POLYLINK SANIDHYA MITTAL S 449,373 14.99 02/03/2021 538540 RLFL VENKATA SHILPA PERIKA B 292,500 .37 02/03/2021 538540 RLFL RAJESHKUMAR MOHANLAL SHAH S 558,741 .37 02/03/2021 542753 SEACOAST KALAIYARASAN RAJANGAM MUDALIAR S 210,000 137.67 02/03/2021 540259 SHANGAR OLGA TRADING PRIVATE LIMITED B 131,129 19.09 02/03/2021 540259 SHANGAR OLGA TRADING PRIVATE LIMITED S 131,129 18.32 02/03/2021 540259 SHANGAR VAIBHAV RAJENDRA DOSHI B 77,362 18.92 02/03/2021 540259 SHANGAR VAIBHAV RAJENDRA DOSHI S 77,362 19.04 02/03/2021 526981 SHBAJRG SCAN STEEL LIMITED S 50,000 107.70

*B - Buy, S - Sell, ** = Weighted Average Trade Price / Trade Price 6 Institutional Equity Research NIFTY 14919 IN FOCUS March 03, 2021 Support 14800 Stock in Focus VARUN BEVERAGES MARKET LENS 14681 Intraday Pic BRITANNIA Resistance 14998 Intraday Pick TITAN 15078 Intraday Pick ICICIGI

Monthly Economic Calendar

Date Country Event Period Survey Prior 04-03-2021 United Kingdom Markit/CIPS UK Construction PM FEB 51.00 49.20 03-03-2021 Eurozone Eurostat PPI Eurozone Industry JAN -0.10 -1.10 03-03-2021 Eurozone Eurostat PPI Eurozone Industry JAN 1.25 0.80 United States New York Purchasing Managers C 04-03-2021 United States US Manufacturers New Orders To JAN 2.10 1.10 03-03-2021 China Caixin China Services PMI Busi FEB 51.50 52.00 03-03-2021 Eurozone Markit Eurozone Services PMI S FEB F 44.70 44.70 03-03-2021 Eurozone Markit Eurozone Composite PMI FEB F 48.10 48.10 03-03-2021 United Kingdom UK Official Reserves Changes i FEB - 37.00 03-03-2021 United Kingdom Markit/CIPS UK Services PMI Bu FEB F 49.70 49.70 04-03-2021 Eurozone Eurostat Retail Sales Eurozone JAN -1.20 0.60 04-03-2021 Eurozone Eurostat Retail Sales Volume E JAN -1.35 2.00 03-03-2021 United States MBA US US Mortgage Market Inde FEB 26 - -11.40 03-03-2021 United States ADP National Employment Report FEB 200.00 174.20 03-03-2021 United States ISM Services PMI FEB 58.70 58.70 04-03-2021 Japan Japan Weekly Securities Invest FEB 26 - -1,893.00 04-03-2021 Japan Non-residents' net investment FEB 26 - 316.60 04-03-2021 Japan Non-residents' net investment FEB 26 - 94.10 04-03-2021 United States Challenger US Job Cut Announce FEB - 17.40 United States RBC Ipsos US Consumer Attitude 04-03-2021 United States US Initial Jobless Claims SA FEB 27 755.00 730.00 04-03-2021 United States US Continuing Jobless Claims S FEB 20 4,300.00 4,419.00 05-03-2021 United States US Trade Balance of Goods and JAN -67.45 -66.61 04-03-2021 United States Langer US Weekly Consumer Comf FEB 28 - 47.30 08-03-2021 Japan Japan New Composite Index of B JAN P - 95.30 12-03-2021 United Kingdom UK Trade Balance in Goods with JAN - -5,200.00 12-03-2021 United Kingdom UK Trade Balance in Goods SA JAN - -14,315.00 12-03-2021 United Kingdom UK Trade Balance Value of Trad JAN - -6,202.00 05-03-2021 United States US Employees on Nonfarm Payrol FEB 188.00 49.00 05-03-2021 United States Net Revisions to Nonfarm Payro FEB - #N/A N/A 05-03-2021 United States US Employees on Nonfarm Payrol FEB 197.00 6.00 05-03-2021 United States US Employees on Nonfarm Payrol FEB 15.00 -10.00 05-03-2021 United States U-3 US Unemployment Rate Total FEB 6.30 6.30 05-03-2021 United States US Employment Total in Labor F FEB - 201.00 05-03-2021 United States US U-6 Unemployed & Part Time FEB - 11.10 05-03-2021 United States US Labor Force Participation R FEB 61.40 61.40 05-03-2021 United States US Average Hourly Earnings All FEB 0.20 0.20 05-03-2021 United States US Average Hourly Earnings All FEB 5.30 5.40 05-03-2021 United States US Average Weekly Hours All Em FEB 34.90 35.00 06-03-2021 United States Federal Reserve Consumer Credi JAN 12.00 9.73 13-04-2021 China China Import Trade USD YoY MAR - 6.50 13-04-2021 China China Export Trade USD YoY MAR - 18.10

7 Institutional Equity Research NIFTY 14919 IN FOCUS March 03, 2021 Support 14800 Stock in Focus VARUN BEVERAGES MARKET LENS 14681 Intraday Pic BRITANNIA Resistance 14998 Intraday Pick TITAN 15078 Intraday Pick ICICIGI

Corporate Actions Company Name Ex-Date Purpose Digjam Limited 03-Mar-21 Capital Reduction GOVERNMENT OF INDIA 03-Mar-21 Interest Payment IDFC First Bank Limited 04-Mar-21 Interest Payment Savita Oil Technologies Limited 04-Mar-21 Buy Back GOVERNMENT OF INDIA 04-Mar-21 Interest Payment Bharat Rasayan Limited 04-Mar-21 Buy Back Hindustan Aeronautics Limited 05-Mar-21 Interim Dividend GOVERNMENT OF INDIA 08-Mar-21 Interest Payment Power Grid Corporation of India Limited 08-Mar-21 Interim Dividend Thangamayil Jewellery Limited 09-Mar-21 Interim Dividend DIC India Limited 10-Mar-21 Dividend - Rs 6 Per Share Marico Limited 10-Mar-21 Iinterim Dividend

Result Calendar Company name Board Meeting Date Purpose Dangee Dums Limited 03-Mar-21 Financial Results Marico Limited 03-Mar-21 Dividend

8 Institutional Equity Research NIFTY 14919 IN FOCUS March 03, 2021 Support 14800 Stock in Focus VARUN BEVERAGES MARKET LENS 14681 Intraday Pic BRITANNIA Resistance 14998 Intraday Pick TITAN 15078 Intraday Pick ICICIGI

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

9 Institutional Equity Research NIFTY 14919 IN FOCUS March 03, 2021 Support 14800 Stock in Focus VARUN BEVERAGES MARKET LENS 14681 Intraday Pic BRITANNIA Resistance 14998 Intraday Pick TITAN 15078 Intraday Pick ICICIGI

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