THE DAILYDate: 14 August 2020

The Daily Viewpoint

Page 2

DOMESTIC INDICES

Close Points % Change

SENSEX 38310 -59 -0.15

NIFTY 11300 -8 -0.07

MIDCAP 14583 228 1.59

SMALL CAP 13940 106 0.76

SECTORAL INDICES

Close Points % Change

CG 13877 509 3.81

CD 22167 450 2.07

METAL 8674 93 1.08

REALTY 1643 16 0.98

AUTO 17742 143 0.81

POWER 1584 8 0.52

OIL & GAS 13375 37 0.28

IT 18262 18 0.10

Finance 5139 -8 -0.15

TECK 8804 -18 -0.21

BANKEX 25147 -66 -0.26

Healthcare 18971 -125 -0.65

BSE 200 GAINERS/LOSERS

GAINERS % LOSERS %

BHARATFORG 15.65 AUROPHARMA -5.64

ASHOKLEY 13.16 NATCOPHARM -4.08

INDIGO 12.26 ENDURANCE -2.91

INDHOTEL 11.68 IBULHSGFIN -2.45

TATAMTRDVR 10.26 ADANITRANS -2.41

ADVANCE/DECLINES

BSE %

ADVANCES 1514 53

DECLINES 1212 42

UNCHANGED 148 5

INSTITUTIONAL ACTIVITY

Rs Cr 13/08/20 12/08/20 August Total

FII 416 351 10621 (prov.)

MF -764 -940 -5316 (prov.)

Markets could open flat following small range Asian marketsand US indices that closed mixed on Thursday …

Indian markets could open flat following small range Asianmarkets today and US indices that closed mixed on Thursday.

In the US, large-capitalization tech stocks on Thursday saw somebuoyancy, but the broader market finished lower in listless tradeas investors appeared hesitant to push equity benchmarks muchfurther near records amid a stalemate over a fresh coronavirusaid package.

A better-than-feared weekly report on joblessness in Americaprovided a brief bump for the bulls but the reading, showing thelowest tally of those seeking unemployment benefits in theCOVID-19 era, also highlighted the severity of the blow to thelabor market. The closely followed government data seriesshowed marked improvement in the most recent week, falling to963,000.

The yield on the 10-year Treasury note rose 3.1 basis points to0.714%, touching its highest yield since June 17, after the joblessclaims report was released.

Over the past week, there has been an average of 53,723 Covid-19 cases per day in the U.S., a decrease of 17% from the averagetwo weeks earlier.

The Reserve Bank of India’s board, led by Governor ShaktikantaDas, is meeting Friday, and since August is typically the month thecentral bank makes its annual transfer to the government,expectations are running high that the RBI will disclose itsdividend payout to the Govt.

Consumer Price Index inflation in India stood at 6.93% in July,compared to a revised estimate of 6.23% in June 2020. Coreinflation increased to a 21-month high of 5.87%. At over 6%,inflation continued to remain just above the Monetary PolicyCommittee’s tolerance band of 4 (+/-2)%, for the fourth straightmonth since April.

Asian shares were largely flat on Friday as markets weighed apause in Wall Street's multi-month stock rebound and awaitedthe release of Chinese economic data later in the sessionincluding July retail sales, industrial production and fixed assetinvestment which will all point to a continued robust recovery inChina.

Indian benchmark indices gave up the opening gains and endedflat on Aug 13. At close, the Nifty was down 7.90 points or 0.07%at 11300.50.

Nifty continued to remain in a tight range while the broadermarket has picked momentum based on results anddevelopments in companies.

The Daily Viewpoint

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GLOBAL INDICES U.S. announces exemptions in H-1B, L-1 VisaUS administration’s decided to exempt certain H-1B visaholders from a ban announced earlier by President DonaldTrump. Trump Administration has announced certainexemptions in H-1B and L-1 travel ban for those continuingemployment with the same employer. The H-1B visa is a non-immigrant visa that allows U.S. companies to employ foreignworkers in speciality occupations that require theoretical ortechnical expertise.

Aviation July passenger load factor UpdateSpiceJet: July passenger load factor at 70 percent versus 68percent in June. July market share at 15.7 percent versus 16.8percent in June.

InterGlobe Aviation: IndiGo July passenger load factor stood at60.2 percent versus 60.7 percent in June. July market share at60.4 percent versus 52.8 percent in June.

Eicher Motors buys Volvo's India buses businessEicher Motors said it has signed a definitive agreement for theintegration of Volvo Buses India business into VE CommercialVehicles (VECV). VECV is an Eicher Motors' arm that covers theEicher's commercial vehicles, components and engineeringdesign businesses as well as the sales and distribution of Volvotrucks.

The integration would cover manufacture, assembly,distribution, and sale of the Volvo Buses in India, and otherrights forming part of the business, the company said in astatement. The final business transfer is expected to be closedwithin the next two months.

CARBOGEN AMCIS announces major investments of morethan CHF 100 million in Switzerland and FranceCARBOGEN AMCIS announces two major expansion projectsthat will increase manufacturing capacity to better meet thedemands of the current market and its customers. The newfacilities, located in Switzerland and France, will be phased inover the next four years, totaling investments in excess of CHF100m (over Euro 90 million).

Grasim Industries Q1 FY21 result updateGrasim Industries reported net profit of Rs 352 crore for thequarter. The figure stood at Rs 1,294 crore in the correspondingquarter last year. Consolidated revenue from operations of thecompany declined 32.2 percent YoY to Rs 13,621.1 crore. Thefigure stood at Rs 20,103 crore last year. Standalone revenuescame in at Rs 1944cr as compared to Rs 5001cr, a year ago. Netloss for the quarter was at Rs 215cr vs. net profit of Rs 439cr.

The company said the results should be seen in light of theunprecedented disruption in economic activities due to theCovid-19 induced lockdown in all the major markets during thequarter and the resultant demand and supply chain disruptions.

EXCHANGE RATES

Value % Change

USD/INR 74.8 0.20

EURO/USD 1.181 -0.02

USD/GBP 1.306 -0.05

USD/JPY 107.0 0.02

COMMODITIES

Value %

Gold ($ / Oz) 1962.4 -0.41

Silver ($ / Oz) 27.6 -0.50

Crude Oil Futures 42.3 0.21

Brent Oil ($ / Barrel) 45.1 0.22

BOND YIELD

Value % Chg bps

IND10 Yr Bond Yield 5.89 +1

ADR

Value $ %

Dr Reddys Labs 60.7 -0.33

HDFC Bank 47.2 0.00

ICICI Bank 10.1 -0.30

Tata Motors 8.7 4.06

Wipro 4.29 1.90

Vedanta Ltd 6.61 0.30

INFOSYS 12.78 0.16

Close Points % Chg

DOW JONES 27897 -80.12 -0.29

S & P 500 3373 -6.92 -0.20

NASDAQ 11043 30.27 0.27

FTSE 6186 -94.50 -1.50

CAC 5042 -30.93 -0.61

DAX 12994 -64.92 -0.50

NIKKEI 225 23283 33.39 0.14

SHANGHAI COMP. 3328 7.26 0.22

HANG SENG 25251 20.33 0.08

BOVESPA 100461 -1657.19 -1.62

The Daily Viewpoint

Page 4

For the current year, board has approved capex plan for Rs 1,615 crore keeping in mind the temporary disruption in thecompany’s earnings. The capex includes raising capacities in VSF in FY22, apart from ongoing modernisation expansionat various plants.

Hero Motocorp Q1FY21 result updateRevenue fell 63% to Rs 2,971 crore as sales volumes declined ~70% to 563,426 units during Q1FY21. EBITDA fell 91% toRs 108 crore. EBITDA margin contracted to 3.6% from 14.4%. Its quarterly profit got nearly wiped out amid theeconomic disruptions caused by the Covid-19 outbreak. Net profit of India’s largest two-wheeler maker fell 95% year-on-year to Rs 61 crore.

The company said sequential monthly sales kept improving during the quarter as markets in several parts of the countrygradually re-opened, thereby leading the revival of the domestic two-wheeler sector. The company, however, recoveredwith July wholesales down just 3.9 % year-on-year at 5,14,509 units, largely led by robust demand for entry-levelmotorcycles in rural market after the easing of lockdown curbs. In June, sales were at 4.5 lakh units and 1.2 lakh units inMay.

Eicher Motors Q1FY21 result updateConsolidated revenue of the company declined 66% yoy to Rs 818 crore as 2W volumes fell by 68% yoy to 58,383 units.Consolidated EBITD) dropped 99.4% to Rs 3.8 crore YoY and margin contracted sharply to 0.5%in Q1FY21 compared to25.8 percent in the corresponding period last year. At the PAT level the company posted a loss of Rs 55 crore against aprofit of Rs 452 crore in Q1FY20. VECV registered an 84 percent decline in sales with 2,129 units as against 13,331 unitsin the Q1 of last year.

International business at Royal Enfield is doing extremely well, led by the modern 650 Twin motorcycles and theHimalayan, the company said. Eicher Motors has fixed August 25 as the record date for determining the eligibility ofmembers for the purpose of sub-division of each equity share of the face value of Rs 10 each into 10 equity shares offace value of Re 1 each.

Endurance Technologies Q1FY21 result updateConsolidated net revenue in Q1FY21 stood at Rs 603 crore, which declined by 68.4% yoy. EBITDA stood at Rs 42.7 crorein Q1FY21 that decreased by 87% yoy. For Q1FY20, it had posted EBITDA of Rs 341.4 crore. EBITDA margin was at 7.1%that declined by ~110 yoy against the same quarter, the previous year. The consolidated net loss in Q1FY21 came in atRs 24.9crore against a profit of Rs 165.6 crore reported in Q1FY20.

Balkrishna Industries Q1 FY21 result updateConsolidated revenues for the quarter declined 21.5% yoy at Rs 942.6cr. EBITDA dipped 11% yoy at Rs 241cr on bettergross margins. Company reported ~26% yoy dip in PAT to Rs 131.6cr. Other Income declined 52% yoy at Rs 36.1cr.Company declared Rs 3 per share as interim dividend. Company said that the monthly run rate is gaining momentumand is very visible in July and August. Company guides to achieve almost same volumes that it recorded in FY20.

3M India Q1FY21 result updateRevenue of the company posted degrowth by 57% y-o-y to Rs.346.18 cr. The net profit of the company has posted lossfrom a profit y-o-y to Rs.-42.52 cr from Rs.90.13 cr in the same quarter previous year.

Revenue of Safety & Industrial the segment has posted 57% y-o-y degrowth to Rs.132 cr and EBIT of this segmentdegrow by -138% y-o-y to Rs.-22 cr. Revenue of Transportation & Electronics the segment has posted 70% y-o-ydegrowth to Rs.84 cr and EBIT of this segment declined by 219% y-o-y to Rs.-43 cr. Revenue of Health Care the segmenthas posted 41% y-o-y degrowth to Rs.77 cr and EBIT of this segment degrow by 98% y-o-y to Rs.0.43 cr. Revenue ofConsumer the segment has posted 37% y-o-y degrowth to Rs.49 cr and EBIT of this segment degrow by 101% y-o-y toRs.-0.10 cr.

Power Finance Corporation Q1 net profit up 23% to Rs 3,557 crorePFC reported a 23 per cent rise in consolidated net profit at Rs 3,557.23 crore during the quarter ended June 30, helpedby rise in income. The company had posted a net profit of Rs 2,899.74 crore during the same quarter a year ago. Its totalincome rose to Rs 16,932.24 crore during the quarter under review from Rs 14,605.12 crore a year ago.

The Daily Viewpoint

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Prestige Estates Q1FY21 Results key takeawaysRevenue decreased by 17.2% from Rs 1538.7cr to Rs 1273.7cr, EBITDA decreased by 16.8% from Rs 527.7cr to Rs439.1cr, and PAT also declined by 83.9% from Rs 123.9cr to Rs 20cr. Current tax declined by 53.9% from Rs 64.2cr to Rs29.6cr. EPS earned during the quarter was Rs 0.04 per share as against Rs 3 per share.

GAIL India Ltd Q1FY21 results key takeawayGAIL’s Q1FY21 numbers were below expectation. Company reported 57.2 per cent YoY fall in net profit at Rs 654.3 croreand consolidated revenue of the company declined 34.1 per cent YoY to Rs 12,180.6 crore, impacted by lockdown dueto COVID 19 pandemic.

GAIL’s natural gas transmission and marketing volume stood at 90.22 MMSCMD and 81.16 MMSCMD as against 105.41MMSCMD and 96.55 MMSCMD, respectively in Q1FY20. Petrochemical sales and liquid hydrocarbon sales stood at 183TMT and 265 TMT as against 136 TMT and 296 TMT in Q1FY20, respectively.

Segment wise, revenue from natural gas marketing declined 37.8 per cent YoY to Rs 11,635.4 crore. Likewise, revenuefrom transmission services and city gas slipped 12 per cent and 35 per cent YoY, respectively. However, revenue frompetrochemicals increased 9.8 per cent YoY to Rs 1,221.7 crore.

Company has witnessed a hard impact on sales and marketing of its products. However, things are getting better andthe physical performance of the company has picked up significantly in all segments. Company is presently operating atnear pre-lockdown levels. Though the capex in Q1FY21was affected due to lockdown, GAIL expects to significantlyimprove capex in the remaining quarters.

Shriram Transport Finance Q1 net profit falls 50% to Rs 320 croreShriram Transport Finance Company (STFC) reported nearly 50 per cent decline in consolidated net profit at Rs 320.06crore in the first quarter ended June. The company had posted a net profit of Rs 634.25 crore in the same quarter a yearago. However, total income rose to Rs 4,144.70 crore during April-June period of 2020-21 from Rs 4,031.18 crore in thesame period of 2019-20. Total assets under management as on June 30, 2020 stood at Rs 1.12 lakh crore as comparedwith Rs 1.06 lakh crore a year ago, it said.

Bharat Petroleum Corporation Ltd (BPCL) Q1FY21 results key takeawayBharat Petroleum Corporation Ltd (BPCL) reported below expectation numbers in Q1FY21, posted 25.4 per cent YoY risein consolidated net profit at Rs 2,035.4 crore in Q1FY21. Revenues from operations fell 50.2 per cent to Rs 37,999.2crore, impacted by COVID-19 pandemic in Q1FY21. Company witnessed lower refinery throughput and revenue fromoperations due to lower demand of petroleum products. Sharp drop in sales volume and throughput down indicate thathuge inventory gains aided the Q1 earnings.

BPCL's gross refining margins (GRMs) stood at US$ 0.39 per barrel vs US$ 0.75 per barrel in Q4FY20 and US$ 2.81 perbarrel in Q1FY20. Refinery throughput stood at 6.49 MMT in Q1FY21 vs. 9.16MMT in Q1FY20 and Market Sales was at7.61 MMT in Q1FY21 vs. 11.18MMT in Q1FY20 and export sales increased to 0.79MMT vs. 0.23MMT in Q1FY20.

As the economy re-opens gradually, the company expects the refinery throughput and revenue from operations toimprove and reach normal levels.

Aditya Birla Fashion and Retail Q1FY21 result updateAditya Birla Fashion and Retail Ltd (ABFRL) reported a consolidated net loss of Rs 410.36 crore for quarter ended June,impacted by the coronavirus pandemic. The company had posted a net profit of Rs 21.56 crore in the same quarter ayear ago. Total income during the quarter stood at Rs 501.54 crore. It was at Rs 2,082.97 crore in the year-ago period.The June quarter has been one of the most challenging quarters for the company and for the overall Indian apparelindustry. The operations of the company were severely impacted due to the unprecedented economic standstill inducedby the pandemic. During April and May, most of the retail network was closed, while e-commerce sales too restartedonly in the third week of May, when the restrictions on non-essential products were lifted. By the end of June, nearly80% of the companies store have re-opened. The company said it managed to bring down costs by more than ₹ 450crore over the previous quarter. The company added that it is confident of consistent improvement in businessperformance over the next two quarters and expects to achieve full normalcy by the fourth quarter of FY21.

The Daily Viewpoint

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Trent Q1FY21 result updateConsolidated net revenue of TRENT Limited in Q1FY21 stood at Rs 248.4 crore, which declined by 68.95% YoY from Rs799.88 crore in Q1FY20. The company posted negative EBITDA of Rs 123.76 crore in Q1FY21 that decreased by 175.78%YoY. For Q1FY20, it had posted positive EBITDA of Rs 163.32 crore. EBITDA margin as of Q1FY21 was at negative 49.82%that declined by 70.24% YoY against the same quarter, the previous year. The consolidated net loss in Q1FY21 came inat Rs 184.04 crore which declined by 606.72%, as compared to Q1FY20, when it had reported profit of Rs 36.32 crore.The net profit margin in Q1FY21 came in at negative 74.09% which declined by 78.63% YoY. The net profit margin forQ1FY20 was at 4.54%.

Tata Steel Q1FY21 result reviewConsolidated revenues for the quarter declined 32% on YoY basis to Rs. 24289 crore while operating profit declined 91%on YoY basis to Rs. 505 crore. Margins narrowed to 2.1% from 14.9% earlier. On a consolidated basis, the companyreported a Net Loss of Rs. 4374 crore as compared to profit of Rs. 700 crore in the same period last year.

On a consolidated basis, production in Q1FY21 stood at 5.14 mn tons while deliveries stood at 4.93 mn tons. AdjustedEBITDA per ton came at Rs. 2105 as compared to Rs. 8725.

On a standalone basis, the company reported a profit of Rs. 1193 crore for Q1 FY21 against a profit of Rs. 1539 crore YoYand a loss of Rs. 437 crore QoQ.

Tata Steel Europe reported total revenues of Rs. 11225 crore and an EBITDA loss of Rs. 626 crore. Tata Steel Europeperformance was affected with the overall weakness in economic activities in Europe and sharp drop in spreads. Thecompany did receive short support from the UK and Netherlands Government including cash flow deferrals of payables.

Despite the drop in margins, there was a reduction in net debt of Rs. 1677 crore in India, including a reduction of Rs. 577crore and Rs. 291 crore, respectively, at Tata Steel BSL and Tata Steel Long Products. The company said, given theuncertain economic environment, it has built up a liquidity buffer of Rs. 20144 crore, including Rs. 14178 crore of cashand cash equivalents.

Tata Steel’s operating level has recovered to 90% by end June 2020 and has since then increased further to 95%,catering to both domestic and export customers. With the improvement in the domestic market, Tata Steel has beenreducing its exports ratio. The price outlook in both export and domestic markets continues to improve on a month onmonth basis and the current quarter demand has been much better than a typically slow monsoon quarter in the past.

APL Apollo Tubes Q1FY21 result reviewConsolidated revenues in Q1FY21 declined 46% YoY to Rs. 1110 crore while consolidated EBITDA declined 43% YoY toRs. 72 crore while margins improved by 40bps YoY to 6.5%. Consolidated PAT declined 58% YoY to Rs. 22 crore.

Volumes in Q1FY21 came at 238000 tons as compared to 389000 tons in the same period year ago.

Net working capital days improved further to 10 days in Q1FY21. Management expects to maintain working capital at 10days as company is focusing on cash sales.

Management continues its efforts on improving EBITDA/ton and increasing market share.

Sun TV Network (Q1FY21), Results PreviewSun TV Network is likely to report 45 per cent YoY sales declined impacted by weak Ad revenues and loss of revenuesfrom the postponement of IPL. Company could post de growth of 51.0 per cent YoY in net profit in Q1FY21.

The Daily Viewpoint

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Voltas Q1FY21 Result previewCompany's revenue expected to fall by 54% to Rs.1152 cr, y-o-y. EBIDTA is expected to post degrowth of 85% y-o-y toRs.35 cr. PAT is expected to post degrowth of 89% y-o-y to Rs.20 cr.

Glenmark Pharma Q1 FY21 result previewRevenues for the quarter may grow 7% yoy at Rs 2444cr. US revenue may decline around 5% qoq, on the back ofcontinued pricing pressure in dermatology. Domestic revenues may dip 5% yoy during the quarter. EBITDA is expectedto increase 12% yoy at Rs 364cr. PAT for the quarter may increase 25% yoy to Rs 137cr.

Hindalco Q1FY21 result previewHindalco standalone operations are expected to report 23% decline on YoY basis in revenues at Rs. 7750 crore whileEBITDA is expected to decline 27% YoY to Rs. 833 crore. PAT is expected to decline 75% YoY to Rs. 42 crore.Management commentary on future demand scenario, outlook on aluminium and copper prices and Novelisperformance will be key monitorables.

Important news/developments to influence markets

India’s retail inflation spiked to 6.93 per cent in the month of July mainly on account of higher food prices, the datareleased by the MoSPI showed. The retail inflation for the month of June was also revised to 6.23 per cent from 6.09per cent, the data revealed.

German consumer price index fell 0.1 percent in July, after a 0.9 percent rise in June, as initially estimated.

Producer prices in Japan rose by 0.6% in July compared to the previous month.

Machine tool orders received by Japanese makers in July tumbled 31.1 pct from a year before to 69,784 million yen.

The RICS monthly house price balance rose to +12 from June's -13.

US initial jobless claims fell to 963,000 in the week ended Aug. 8, the US Department of Labor reported. That’s downfrom the more than 1.19 million in the previous week.

The Daily Viewpoint

Retail ResearchPage 8

Daily View on Nifty

Nifty Intra Timeframe (30 min) Nifty Daily Timeframe

Technical Observation:Markets ended flat on Thursday after a volatile session that saw the Nifty swinging in positive and negative territories. The Niftyopened on a strong note in the morning session, but witnessed selling pressure just before noon which led to the index divinginto negative territory. The Nifty finally lost 7.95 points or 0.07% to close at 11,300.45. Broad market indices like the BSE MidCap and Small Cap indices gained more, thereby out performing the Sensex/Nifty. Market breadth was positive on the BSE/NSE.

Zooming into the Nifty 30 min charts, we observe that while the Nifty witnessed a sharp correction from the highs of Thursday,it quickly bounced back thereby holding above the support of 11238 and ensuring that the short term uptrend still remainsintact (See the 30-min chart above).

The index then consolidated in a range and made a high of 11324. Technical indicators continue to give positive signals for theshort term as the Nifty continues to trade above the 20-day SMA and the 14-day RSI too is in rising mode. The 20-day SMA alsocontinues to remain above the 50-day SMA, indicating that the intermediate trend remains positive (See the daily chart above).

We expect the Nifty to move higher in the coming sessions. The uptrend could accelerate once the immediate highs of 11324are cleared. Crucial supports to watch for any trend reversal remain at 11130.

Conclusion:The 1-2 day trend of the Nifty remains up despite the high intra day volatility seen in the last six sessions. Immediate upsidetargets for the next 1-2 days are at 11374-11389. Our bets are off if the trend reversal supports of 11130 are broken.

Nifty LTP 2-Day View Reversal level 7-Day View Reversal level

11,300 Bullish Move below 11130 Bullish Move below

11064

Targets for 2 day: 11374-11389

Target: 11433

The Daily Viewpoint

Page 9

DATA & EVENTS

OPEN SHORT-TERM TRADING CALLS

NOTE: ALL TRADING RECOMMENDATIONS GIVEN BY TEAM ARE ON REAL TIME BASIS. A TRADING RECOMMENDATIONSHOULD BE CONSIDERED CLOSED OR SQUARED OFF AS AND WHEN A STOPLOSS OR TARGET IS TOUCHED IN INTRADAYTRADING. DO NOT WAIT FOR TARGET ACHIEVED OR STOPLOSS MESSAGE TO CLOSE THE POSITIONS. REFER JAMMOONFOR TIMELY ENTRY AND EXIT FROM RECOMMENDATIONS.

NO. RECO DT. RECO COMPANY NAME ENTRY CMP SL TARGETUPSIDE

%VALID TILL

1 13-AUG-20 SELL BANK NIFTY AUG FUT 22209-22401 22217.15 22451 21899 1 18-AUG-20

2 29-JUL-20 BUY COAL INDIA 131.55-126.50 129 125.25 139 8 14-AUG-20

3 30-JUL-20 BUY TCS 2317.10-2247 2260 2213 2456 9 14-AUG-20

4 10-AUG-20 BUY KOTAK BANK 1350-1374 1336.5 1333 1415 6 19-AUG-20

5 10-AUG-20 BUY PIDILITE INDUSTRIES 1401.60-1375 1380 1360 1445 5 17-AUG-20

6 11-AUG-20 BUY ASIAN PAINTS 1810.95-1755 1803 1729 1915 6 25-AUG-20

7 12-AUG-20 BUY ORIENT ELECTRIC 174-178 177.05 171.5 186 5 21-AUG-20

8 12-AUG-20 BUY POWER GRID 177.70-172 177.15 169.9 188 6 21-AUG-20

9 13-AUG-20 BUY UBL LTD 988.30-959 988 944 1045 6 27-AUG-20

10 13-AUG-20 BUY SHOPPERS STOP 167-171.40 175.3 164.7 195 11 24-AUG-20

11 13-AUG-20 BUY INFRATEL 200.60-192.50 201.9 190.5 212 5 24-AUG-20

OPEN CASH POSITIONAL CALLS

NO. RECO DT. RECO COMPANY NAME ENTRY CMP SL TARGET

1 TARGET

2TARGET

3UPSIDE % VALID TILL

1 1-JUN-20 BUY AVANTI FEEDS** 442.0 507.0 403.0 481.0 520.0 575.0 13 1-DEC-20

2 30-JUL-20 BUYGLENMARK

PHARMA445.9 465.7 415.0 483.0 530.0 14 28-OCT-20

3 4-AUG-20 BUY ABBOTT INDIA* 16009.0 16700.0 14800.0 17290.0 18890.0 13 2-NOV-20

4 5-AUG-20 BUY HATSUN AGRO 707.4 740.0 640.0 779.0 849.0 15 3-NOV-20

5 7-AUG-20 BUY NB VENTURES 50.6 51.2 45.0 56.0 63.0 23 5-NOV-20

6 7-AUG-20 BUY FEDERAL BANK 54.2 54.1 51.0 58.0 61.0 13 5-NOV-20

7 10-AUG-20 BUY ORIENT CEMENT 70.9 68.5 63.0 79.0 85.0 24 8-NOV-20

8 13-AUG-20 BUYKARUR VYASA

BANK35.0 35.5 31.0 39.3 45.0 27 11-NOV-20

The Daily Viewpoint

Page 10

DATA & EVENTS

*= 1st Target Achieved**= 2nd Target Achieved

OPEN DERIVATIVE POSITIONAL CALLS

NO. RECO DT. RECO COMPANY NAME ENTRY CMP SL TARGET 1TARGET

2TARGET

3UPSIDE

%VALID TILL

1 5-AUG-20 BUYMAX FINANCIAL

AUG FUT550.4 532.0 515 595.0 620.0 17

TILL 27TH AUG

2 5-AUG-20 BUYICICI BANK AUG

FUT*360 368.8 345 375 390 6

TILL 27TH AUG

3 11-AUG-20 BUYHERO MOTOCORP

SEPT FUT2772 2833.0 2680 2900 3060 8

TILL 24TH SEPT

4 11-AUG-20 BUYULTRATECH

CEMENT AUG FUT4063.1

54050.1 3800 4350 4550 12

TILL 27TH AUG

OPEN E-MARGIN POSITIONAL CALLS

NO. RECO DT. RECO COMPANY NAME ENTRY CMP SL TARGET 1TARGET

2TARGET

3UPSIDE

%VALID TILL

1 12-JUN-20 BUYNAGARJUNA

CONSTRUCTION*30.0 31.6 27.0 33.5 36.0 - 14 12-SEP-20

2 23-JUL-20 BUYMOTILAL OSWAL FINANCIAL SERV

696.0 663.0 632.0 770.0 810.0 - 22 23-OCT-20

3 4-AUG-20 BUY SANOFI INDIA 8171.0 8180.0 7480.0 8989.0 9600.0 - 17 4-NOV-20

4 10-AUG-20 BUYINDIAN ENERGY

EXCHANGE192.8 190.0 175.0 212.0 235.0 - 24

10-NOV-20

NO. RECO DT. RECO COMPANY NAME ENTRY CMP SL TARGET 1TARGET

2TARGET

3UPSIDE

%VALID TILL

1 10-AUGBUY

AMARA RAJA BATTERIES AUG

FUT746.0 746.1 705 805 8

TILL 27TH AUG

SELL MARUTI AUG FUT 6617.8 6738.0 7025 6100 9

OPEN DERIVATIVE POSITIONAL CALLS

The Daily Viewpoint

Page 11

QUARTERLY RESULTS ANNOUNCED

COMPANY Q1FY21 YoY (%) QoQ (%) Remarks

Sales (Rs Cr)

NP (Rs Cr)

Sales NP Sales NP

3M India 346 -43 -57 PL -49 PLBelow

Estimates

APL Apollo Tubes 1110 22 -46 -58 -41 -64As Per

Estimates

Balkrishna Industries 943 132 -21 -26 -31 -50As Per

Estimates

BPCL 50909 2188 -41 22 -38 LPAs Per

Estimates

Eicher Motors 818 -55 -66 PL -63 PLAbove

Estimates

Endurance Technologies 603 -25 -68 PL -62 PLBelow

Estimates

GAIL 12181 643 -34 -57 -32 -87As Per

Estimates

Grasim Industries 13621 621 -32 -67 -32 -73As Per

Estimates

Hero Motocorp 2972 61 -63 -95 -52 -90Below

Estimates

PFC 5987 3557 31 23 8 413Above

Estimates

Prestige Estates 1274 20 -17 -84 -36 -61As Per

Estimates

Redington India 10697 99 -8 -10 -16 -22As Per

Estimates

Shriram Transport Finance 1820 320 -7 -50 -5 43Below

Estimates

Tata Steel 24289 -4374 -32 PL -28 LLAs Per

Estimates

Timken India 160 3 -63 -94 -60 -95As Per

Estimates

PL: Profit to Loss, LP: Loss to Profit, LL: Loss to Loss

The Daily Viewpoint

Page 12

QUARTERLY RESULTS ANNOUNCED

COMPANY Q1FY21 YoY (%) QoQ (%) Remarks

Sales (Rs Cr)

NP (Rs Cr)

Sales NP Sales NP

3M India 346 -43 -57 PL -49 PLBelow

Estimates

APL Apollo Tubes 1110 22 -46 -58 -41 -64As Per

Estimates

Balkrishna Industries 943 132 -21 -26 -31 -50As Per

Estimates

BPCL 50909 2188 -41 22 -38 LPAs Per

Estimates

Eicher Motors 818 -55 -66 PL -63 PLAbove

Estimates

Endurance Technologies 603 -25 -68 PL -62 PLBelow

Estimates

GAIL 12181 643 -34 -57 -32 -87As Per

Estimates

Grasim Industries 13621 621 -32 -67 -32 -73As Per

Estimates

Hero Motocorp 2972 61 -63 -95 -52 -90Below

Estimates

PFC 5987 3557 31 23 8 413Above

Estimates

Prestige Estates 1274 20 -17 -84 -36 -61As Per

Estimates

Redington India 10697 99 -8 -10 -16 -22As Per

Estimates

Shriram Transport Finance 1820 320 -7 -50 -5 43Below

Estimates

Tata Steel 24289 -4374 -32 PL -28 LLAs Per

Estimates

PL: Profit to Loss, LP: Loss to Profit, LL: Loss to Loss

The Daily Viewpoint

Page 13

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