Date: 1 July, 2020

The Daily Viewpoint

Page 2Retail Research

DOMESTIC INDICES

Close Points % Change

SENSEX 34916 -46 -0.13

NIFTY 10302 -10 -0.10

MIDCAP 13055 -18 -0.14

SMALL CAP 12381 -94 -0.75

SECTORAL INDICES

Close Points % Change

AUTO 15275 159 1.05

BANKEX 24294 44 0.18

CG 12859 14 0.11

METAL 7210 7 0.10

Finance 4933 3 0.07

CD 20338 -3 -0.02

REALTY 1581 -1 -0.04

IT 14887 -8 -0.05

TECK 7569 -24 -0.31

POWER 1575 -13 -0.80

Healthcare 16263 -200 -1.21

OIL & GAS 12668 -195 -1.51

BSE 200 GAINERS/LOSERS

GAINERS % LOSERS %

EMAMILTD* 6.03 TRENT -5.53

JINDALSTEL 5.66 ADANIGREEN -4.99

EDELWEISS 4.94 FRETAIL -4.97

MFSL 4.92 IDEA -4.50

IDBI 4.91 IBULHSGFIN -4.34

ADVANCE/DECLINES

BSE %

ADVANCES 1287 44

DECLINES 1476 51

UNCHANGED 137 5

INSTITUTIONAL ACTIVITY

Rs Cr 30/06/20 29/06/20 July Total

FII -2000 -1937 -4690 (prov.)

MF -2051 1036 4391 (prov.)

Markets could open flat despite largely positive Asian markets…

Indian markets could open flat today despite largely positiveAsian markets and positive US markets on Tuesday.Disappointment over PM Modi’s address on June 30 eveningcould have impacted sentiments marginally.

U.S. stock-indexes finished higher Wednesday, as data showed arecovery in consumer confidence and higher home prices,helping to offset ongoing concerns about the rising number ofnew coronavirus cases in many American states. Both the Dowand S&P 500 index booked their best quarterly performance inmore than 20 years, while the Nasdaq Composite had its bestquarter since 1999.

US stocks rallied after testimony to Congress by Federal Reservechair Jerome Powell and U.S. Treasury Secretary Steve Mnuchinunderscored an ongoing commitment to anchor the U.S.economy through the global public health disaster.

In U.S. economic data, the Case-Shiller house price index rose4% on an annual basis in April. The index of consumerconfidence rose to 98.1 this month from a revised 85.9 in May.

India saw 18% more rainfall than average in June as themonsoon covered the entire country nearly two weeks earlierthan usual, the state-run weather office said on Tuesday. Agood start to the June-September monsoon season hasaccelerated planting of summer-sown crops, with farmerssowing crops on 31.56 million hectares as of June 26, doublingfrom 2019, when the monsoon arrived late.

India’s infrastructure output contracted 23.4% in May from ayear earlier, data released on Tuesday showed, dragged downby more than two months of coronavirus lockdown.

India’s current account turned positive in the last quarter of the2019/20 fiscal year as a result of a lower trade deficit and asharp rise in net invisible receipts, the first quarterly surplus in13 years. The current account recorded a surplus of $600million or 0.1% of Indian gross domestic product in the threemonths to March 2020 compared to a deficit of 0.7% in thesame period a year ago.

India’s federal fiscal deficit in the first two months through Maystood at 4.66 trillion rupees ($61.67 billion), or 58.6% of thebudgeted target for the current fiscal year. Net tax receiptsduring April-May period were 338.5 billion rupees ($4.48billion), while total expenditure was 5.12 trillionrupees, indicating the government was front-loading itsbudgeted spending to combat the impact of pandemic.

Stocks in Asia Pacific edged higher in Wednesday morning tradeas the second half of 2020 kicks off.

The China Caixin/Markit manufacturing Purchasing Manager’sIndex came in at 51.2. Economists polled by Reuters wereexpecting 50.5, as compared to 50.7 in May.

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GLOBAL INDICESThe Bank of Japan’s quarterly Tankan survey releasedWednesday showed a worsening business mood in the country.The headline index for large manufacturers’ sentimentworsened to -34 in June — its lowest level since June 2009,according to Reuters — as compared with -8 in March.

South Korea’s manufacturing activity extended declines in Juneas the coronavirus impact on global demand protracted, whileuncertainty over the future development and economicrecovery further weighed on business outlook. The IHS Markitpurchasing managers’ index (PMI) ticked up to 43.4 in Junefrom 41.3 in May.

Japan’s factory activity shrank for a 14th straight month in Juneon sharp reductions in output and new orders, pointing to aheavy hit to demand from the coronavirus pandemic. The finalau Jibun Bank Japan Manufacturing Purchasing Managers’Index (PMI) rose to a seasonally adjusted 40.1 from 38.4 in Mayand a preliminary 37.8 released last week.

Indian Benchmark indices ended almost flat in the volatilesession on June 30. At close, the Nifty was down 10.30 pointsor 0.10% at 10302.10.

Technically, the Nifty is now stuck in a trading range betweenthe 10194-10410 levels. Further directional cues are likely toemerge on a move beyond this range.

Fiscal deficit for April-May 2020 at Rs 4.66 lakh crore, nearly59% of annual targetIndia's fiscal deficit for the first two months of the fiscal year2020-21 has come in at around 4.66 lakh crore, as per thereport released by the Centre. This means that within the firsttwo months of FY21, the fiscal deficit numbers have hit nearly59 percent of the total budgeted target for the current fiscal.

The total receipts up until May stand at Rs 45,498 crore, whilethe total expenditure incurred by the government during thisperiod is Rs 5,11,841 crore.

India's records marginal current account surplus of 0.1% ofGDP in Q4 FY20India's current account balance (CAB) recorded a marginalsurplus of $0.6 billion (0.1 percent of GDP) in Q4 FY20 asagainst a deficit of $4.6 billion (0.7 percent of GDP) in Q4 FY19and $2.6 billion (0.4 percent of GDP) in the preceding quarter,i.e., Q3 FY20. It is important to note that this is the firstquarterly current account surplus since the December 2004quarter.

Marginal surplus in the country's current account balance ismainly on account of lower trade deficit (at $35 billion) and asharp rise in net invisible receipts (at $35.6 billion) as comparedwith the corresponding period of last year.

Retail inflation for industrial workers eases to 5.1% in MayThe retail inflation for industrial workers dipped to 5.1 percentin May due to lower prices of certain food items and keroseneoil.

EXCHANGE RATES

Value % Change

USD/INR 75.5 0.20

EURO/USD 1.124 0.06

USD/GBP 1.239 -0.09

USD/JPY 107.7 -0.18

COMMODITIES

Value %

Gold ($ / Oz) 1800.1 -0.02

Silver ($ / Oz) 18.6 0.06

Crude Oil Futures 39.8 1.25

Brent Oil ($ / Barrel) 41.7 1.04

BOND YIELD

Value % Chg bps

IND10 Yr Bond Yield 5.8 -1

ADR

Value $ %

Dr Reddys Labs 53.01 -0.04

HDFC Bank 45.46 -0.35

ICICI Bank 9.29 1.86

Tata Motors 6.57 -2.09

Wipro 3.31 1.22

Vedanta Ltd 5.61 -2.26

INFOSYS 9.66 0.94

Close Points % Chg

DOW JONES 25813 217.08 0.85

S & P 500 3100 47.05 1.54

NASDAQ 10059 184.61 1.87

FTSE 6170 -56.03 -0.90

CAC 4936 -9.47 -0.19

DAX 12311 78.81 0.64

NIKKEI 225 22175 -113.64 -0.51

SHANGHAI COMP. 3004 18.91 0.63

HANG SENG 24427 125.91 0.52

BOVESPA 95056 -679.53 -0.71

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Page 4Retail Research

"Inflation based on all items stood at 5.10 percent for May, 2020 as compared to 5.45 percent for the previous month(April 2020) and 8.65 percent during the corresponding month ( May 2019) of the previous year," a labour ministrystatement said.

Similarly, as per the data, food inflation stood at 5.88 percent against 6.56 percent in the previous month and 5.21percent in May 2019.

India Key Industries’ Output Contracts in May on Virus ImpactIndia’s infrastructure industries’ output contracted for a third straight month as the economy continued to feel the painof measures to contain the coronavirus pandemic. The index of eight core infrastructure industries, which comprisesoutput of coal, crude oil, cement and electricity among others, declined 23.4% in May from a year ago. The reading is animprovement from the record fall of 38.1% in April.

India-Bangladesh form LPG joint ventureIndian Oil’s Dubai unit IOC Middle East FZE and Beximco’s holding company RR Holdings Ltd, Ras Al Khaimah, UAE havesigned an agreement for LPG business in Bangladesh, as per a statement by Indian Oil. The joint venture would beginwith acquiring Beximco’s existing LPG assets in Bangladesh and set up a terminal to import liquefied petroleum gas.

Gujarat State Petronet transfers CGD network for two geographical areas to Gujarat GasGujarat State Petronet announced that Petroleum and Natural Gas Regulatory Board (PNGRB) has accepted the proposalmade by the Company to transfer the Authorizations for developing City Gas Distribution (CGD) Network in theGeographical Areas of Amritsar District and Bhatinda District to Gujarat Gas (GGL). GGL is required to submit revisedFinancial Closure, Gas Sale Agreement and PBG to PNGRB to complete the process of transfer.

JSPL to sell stake in Oman subsidiary for over $1 billionJindal Steel and Power Ltd (JSPL) said it will offload its entire stake in Oman-based subsidiary for over $1 billion (Rs 7,500crore). The enterprise value of the deal is over $1 billion. The transaction is subject to approval from shareholders ofJSPL and lenders of JSIS Oman, among others. The company also said that it expects the transaction to closeapproximately in a month.

Kalpataru Power Transmission secures new orders in T&D segmentKalpataru Power Transmission Limited (KPTL) has bagged new orders worth Rs 956 crore. These orders have beenreceived from India, Africa and Middle East in transmission and distribution (T&D) business. Further, the company’sinternational subsidiary has received new T&D projects in Europe.

MoU signed between Indian oil NTPC Ltd and SDMC for Waste to Energy plant in DelhiIndian Oil Corporation Limited (IndianOil), NTPC and South Delhi Municipal Corporation (SDMC) have signed a tripartiteMoU here today for development of waste-to-energy facilities at SDMC’s landfill site in Okhla. As per the MoU SDMCwould provide 1-acre land on lease at the landfill site, while IndianOil and NTPC will invest 50 per cent each towardssetting up and operating the facilities.

GMM Pfaudler to acquire ready-made Glass Lined Equipment manufacturing capacity at HyderabadGMM Pfaudler announced that it entered into a binding term sheet with De Dietrich Process Systems India (DDPSI) foritemized sale of their manufacturing facility at Hyderabad, Telangana. The state of the art facility equipped tomanufacture Glass Lined Equipment is located at Nacharam Industrial Estate, 15 Kms away from Secunderabad,Telangana and spread across an area of 6 acres. A consideration of Euro 6.25 million will be paid for the proposedtransaction subject to completion of the final due diligence and other documentation.

Godfrey Phillips Q4FY20 result updateRevenue of the company posted growth by 5% y-o-y to Rs.678.69 cr. The net profit of the company has posteddegrowth of 20% y-o-y to Rs.38.43 cr from Rs.48.27 cr in the same quarter previous year.Revenue of The cigarettes segment has posted 3% y-o-y growth to Rs.590 cr and EBIT of this segment degrow by 17% y-o-y to Rs.71 cr. Revenue of The retail segment has posted 25% y-o-y growth to Rs.91 cr and EBIT of this segment hasincreased in loss, y-o-y to Rs.31 cr.

Garware Technical Fibres Q4FY20 result updateRevenue of the company posted degrowth by 13% y-o-y to Rs.252.56 cr. The net profit of the company has posteddegrowth of 3% y-o-y to Rs.35.70 cr from Rs.36.62 cr in the same quarter previous year.

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Revenue of Synthetic cottage segment has posted 14% y-o-y degrowth to Rs.211 cr and EBIT of this segment degrow by9% y-o-y to Rs.47 cr. Revenue of Fibre and Industrial products & projects segment has posted 5% y-o-y degrowth toRs.45 cr and EBIT of this segment degrow by 12% y-o-y to Rs.7 cr.

ONGC Q4FY20 results key takeawayONGC’s Q4FY20 numbers were below expectations, and reported its first-ever quarterly loss after it took an impairmentloss on the slump in oil and gas prices. Company posted a consolidated net loss of Rs 6,576.7cr in Q4FY20 impacted byan impairment loss of Rs 4,899cr in Q4FY20 vs. a net profit of Rs 6,473.9cr in Q4FY19. Similarly, a subsidiary of theCompany ONGC Videsh Ltd has provided an impairment loss of Rs 3,126cr in Q4FY20.

ONGC’s consolidated revenue in Q4FY20 was down by 7.2 per cent (YoY) to Rs 104,489cr, impacted by lower crude oil aswell as natural gas production in Q4FY20. Crude oil production was marginally lower at 5.82 million tons in Q4FY20 vs.5.9 million tons in Q4FY19. Natural gas output fell to 6.04 billion cubic meters (bcm) in Q4FY20 vs. 6.56 bcm in Q4FY19after demand fell due to the COVID-19 induced lockdown.

For FY20, ONGC reported a fall in consolidated net profit by 65.9 per cent (YoY) to Rs 11,560.2cr and revenue was downby 6 per cent (YoY) to Rs 433,533 cr in FY20. Company's overseas arm ONGC Videsh Ltd also reported its net profit forFY20 fell to Rs 454 cr from Rs 1,682 cr after it also took an impairment loss.

ONGC has declared total 12 discoveries (7 onland, 5 offshore) in FY20 in its operated nomination acreages. Out of these,7 are prospects (3 onland, 4 offshore) and 5 are pools (4 onland, 1 offshore).

La Opala RG Ltd Q4FY20 results key takeawayLa Opala reported 15.3 per cent (YoY) fall in net profit to Rs 2.4cr, impacted by higher employee benefit expenses andlower other income in Q4FY20. Revenue was down by 11.4 per cent (YoY) to Rs 63.8cr on account of lockdown due toCOVID-19 pandemic. For FY20, La Opala reported a 2.9 per cent (YoY) rise in net profit to Rs 84.3cr and revenue wasdown by 2.9 per cent (YoY) to Rs 270cr.

Cera Sanitaryware Q4FY20 Results key takeawaysThe company's revenue decreased by 28.6% from Rs 417cr to Rs 297.8cr. EBITDA too declined by 36.4% at Rs 42.3crfrom Rs 66.5cr. Net profit also declined by 7.8%, from Rs 38.7cr to Rs 35.7cr. However, PATM was up at 12% from 9%.EPS (basic) earned during the quarter was Rs 28.6 vs Rs 29.5.

For the full year FY20, the company reported a 9.5% decline in revenue at Rs 1223.7cr, from Rs 1351.5cr. EBITDA wasalso down by 16.5% at Rs 165.5cr from Rs 198.3cr. PAT was also down by 4% at Rs 110.5cr, from Rs 115.1cr. However,PATM remained the same as previous year's 9%. EPS (basic) earned for the full year was Rs 87.1 vs Rs 88.5.

The company has considered its Interim Dividend of Rs 13/- per share as final for the F.Y.20 and no further dividend hasbeen recommended.

Impact is likely to be short term in nature and there does not seem to be any medium to long term risk.

Ahluwalia Contracts Q4FY20 Results key takeawaysCompany's revenue increased by 14.4% from Rs 480.1cr to Rs 549.2cr. However, EBITDA declined by 59.5% at Rs 23crfrom Rs 56.7cr. Net profit also declined by 80.4%, from Rs 31cr to Rs 6.1cr. EPS (basic) earned during the quarter was Rs0.9 vs Rs 4.6.

For the full year FY20, the company reported an increase of 7.4% in revenue at Rs 1884.9cr, from Rs 1754.7cr. EBITDAwas also down by 29.3% at Rs 153cr from Rs 216.4cr. PAT was also down by 45.1% at Rs 64.4cr, from Rs 117.3cr. EPS(basic) earned for the full year was Rs 9.6 vs Rs 17.5.The Company has received an Award pronounced by Arbitral Tribunal of Sole Arbitrator against contract pertaining toRenovation of SPM Swimming Pool Complex, New Delhi for an amount of Approx. Rs 31cr (Rupees Thirty one croresonly) plus interest.

Deepak Fertilisers Q4 FY20 results updateRevenues during the quarter were flat yoy at Rs 1293cr. Company reported PAT of Rs 22.5cr as compared to Rs 5.3cr onlower other expenses and tax. Other Income was down 40% yoy at Rs 14.2cr. Board declared Rs 3 per share as finaldividend for FY20.

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Kopran Q4 FY20 results updateKopran reported net profit at Rs 4.8cr vs. Rs 7.7cr. Revenues were lower at Rs 87.4 crore vs. Rs 99.7cr YoY. In Q4 FY19,company had reported forex gain of Rs 3.4cr. Revenues for the year were flat yoy at Rs 359.5cr. PAT declined 12% yoy toRs 21cr on lower gross margin.

New India Assurance posts Q4 net profit at Rs 127 croreNew India Assurance on Tuesday reported Rs 126.6 crore profit for the fourth quarter ended March 31. The companyhad registered a net loss of Rs 270.54 crore in January-March period of 2018-19. Total income in the March quarter roseto Rs 7,040.23 crore from Rs 6,570.11 crore in the same period a year ago, the company said in a regulatory filing.

For the full fiscal, the insurer registered a net profit of Rs 1,417.75 crore in 2019-20 as against Rs 579.79 crore in theprevious fiscal. Total income in 2019-20 to Rs 28,046.56 crore from Rs 25,272.38 crore.

APL Apollo Tubes Q4FY20 results updateConsolidated revenue from operations declined 10% YoY to Rs. 1889 crore while EBITDA declined 14% YoY to Rs. 120crore. EBITDA margins stood at 6.3% compared to 6.6%. Net profit came at Rs. 57 crore, 8% decline YoY.

EBITDA/Ton declined 5% YoY to Rs. 3200 due to volume loss in March owing to COVID-19 impact. Depreciation costsincreased 48% YoY due to capacity expansion while interest cost declined 17% YoY on the back debt reduction. Salesvolume for Q4FY20 declined by 4% YoY to 401k ton.

Company net working capital days improved to 20 days in FY20 from 28 days in FY19. As on March, 2020 debt-equitystands at 0.6x.

Mishra Dhatu Nigam Q4FY20 results updateRevenue from operations was down 40% YoY to Rs. 204 crore while EBITDA was down 55% YoY to Rs. 50 crore. EBITDAmargins dip to 24.6% from 32.9%. Net Profit declined 50% YoY to Rs. 40 crore.

Rites Q4FY20 results updateRites reported 4.3% decline YoY in consolidated profit at Rs 143.93 crore for the quarter ended March 31, 2020.Revenues were down 23% to Rs. 571 crore while margins improved to 28.7% from 24.7%. Revenue from subsidiaryRailway Energy Management Company Ltd (REMCL) remained almost flat at Rs 81 crore against Rs 83 crore in theprevious financial year. Revenue from REMCL got impacted in Q4 FY20 due to low demand from railways duringlockdown and maintenance work for wind mills.

Mahindra & Mahindra Financial Services on Covid-19 impactMoratorium guidelines announced by RBI led to almost 75% of customers opting for moratorium on their EMIs, thusimpacting the Company’s daily cash flow and liquidity. New business in April and May 2020 was substantially lower thanthe previous year’s volumes. Company expects business operations to normalise only post the moratorium period i.e.from September 2020 onwards. However, repayment from heavy commercial vehicles and aggregator taxi segmentscould be further delayed. Demand and financing for pre-owned vehicles and agri machinery (tractors) are expected toincrease.

Important news/developments to influence markets

India's federal fiscal deficit in the first two months through May stood at 4.66 trillion rupees ($61.67 billion), or 58.6%of the budgeted target for the current fiscal year.

India’s infrastructure output slumped 23.4% in May though lower than April’s 37% decline, signalling a bottoming outas the country gradually limps back to normalcy from a prolonged lockdown that has pummeled the domesticindustry.

India’s external debt stood at USD 558.5 billion in March, an increase of USD 15.4 billion compared to the year-agoperiod.

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The unemployment rate in Japan increased in May from a month earlier, as the COVID-19 pandemic has led to firmslaying off staff as businesses stall. Unemployment rate climbed to 2.9 percent in the recording period, with the figurecoming on the heels of a 2.6-percent increase logged a month earlier and marking the third consecutive month thatthe jobless rate here has increased.

Japna’s Industrial production plunged 25.9% on a yearly basis in May, more than market consensus for a drop of11.3% and compared to a fall of 15.0% in the previous month.

Japan’s housing starts fall by 12.3% year on year in May.

UK – Consumer confidence is heading towards positive territory as the UK winds down its Covid-19 lockdown,according to research from YouGov and the Centre for Economics and Business Research (CEBR). Consumerconfidence was at 98.5 for June, a two-and-a-half point increase on May and close to a positive score of greater than100.

German’s consumer confidence improved slightly heading into July, as the lockdown easing fueled optimism abouttheir income prospects. The consumer sentiment index improved to -9.6 for July vs. -18.6 previous while beating theforecast for -12.0.

Britain’s economy contracted by 2.2% in the first three months of 2020 – its sharpest decline in more than 40 years –as the immediate impact from the Covid-19 pandemic provided an even more severe hit to output than first thought.

Eurozone CPI picked up to 0.3% yoy in June, from 0.1% yoy in May, beat expectation of -0.1% yoy. CPI core slowed to0.8% yoy, down from 0.9% yoy.

US Redbook (MoM) -0.7%, -1.4% previous. (YoY) -5.7%, -6.1% previous.

US April S&P/CS HPI Composite - 20 n.s.a. (YoY) 4.0%, 4.0% forecast, 3.9% previous.

US June Chicago PMI 36.6, 45.0 forecast , 32.3 previous.

US Conference Board's Consumer Confidence Index rose sharply to 98.1 in June after coming in at 85.9 (revised from86.6) in May.

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Daily View on Nifty

Nifty Daily Timeframe Nifty Hourly Timeframe

Technical Observations:

• Nifty continued to trade in the narrow for the fourth consecutive day

• Nifty again found resistance around 10400 and turned south in yesterday’s session

• On the Downside, 10194 is the immediate support in the Nifty

• Nifty has been trading in the rising wedge on the daily charts. Higher and lower band of this wedge are placed at10600 and 10100 levels respectively. Violating this range would decide medium term direction for the Nifty

• 20 days and 100 days EMA are placed very near to each other. 20 days EMA is at 10089 and 50 days EMA is placedat 10075. These levels can also act as a support.

• Nifty Midcap and Smallcap Indices too have been showing running correction for last 5 sessions

• For resumption of an uptrend Nifty needs to surpass 10415 on sustainable basis. Above 10415 Nifty could extendthe rise towards 10600-10650 levels.

• Any Level below 10050 would turn the trend from bullish to bearish and longs should be cut in that case

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

10302 Side-Ways Move below 10194 Bullish above 10415 Move below 10050

10200-10300 Bearish Below 10050 Move Above 10415

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DATA & EVENTS

OPEN SHORT-TERM TRADING CALLS

NOTE: ALL TRADING RECOMMENDATIONS GIVEN BY TEAM ARE ON REAL TIME BASIS. A TRADING RECOMMENDATION SHOULDBE CONSIDERED CLOSED OR SQUARED OFF AS AND WHEN A STOPLOSS OR TARGET IS TOUCHED IN INTRADAY TRADING. DONOT WAIT FOR TARGET ACHIEVED OR STOPLOSS MESSAGE TO CLOSE THE POSITIONS. REFER JAMMOON FOR TIMELY ENTRYAND EXIT FROM RECOMMENDATIONS.

NO. RECO DT. RECO COMPANY NAME ENTRY CMP SL TARGET UPSIDE % VALID TILL

1 30-JUN-20 SELL BANK NIFTY JULY FUT 21201-21380 21245.05 21450 20750 2 9-JUL-20

2 26-JUN-20 BUYMUTHOOT FINANCE 1200

JULY CALL OPTION55.8 30.5 24.5 80 162 1-JUL-20

3 30-JUN-20 BUYKOTAK BANK 1360 JULY CALL

OPTION61 60 37 110 83 3-JUL-20

4 30-JUN-20 BUYAMBUJA CEMENT 190 JULY

PUT OPTION6.5 6.8 4 10 47 3-JUL-20

5 26-JUN-20 BUY GAIL 104.75-101 101.65 99.8 112 10 7-JUL-20

6 29-JUN-20 BUY ALKEM 2335-2372.60 2363 2325 2445 3 8-JUL-20

7 29-JUN-20 BUY L&T 936.90-912 945 909 966 2 2-JUL-20

8 30-JUN-20 BUY TATA ELXSI 916.30-888 898 875 969 8 9-JUL-20

9 30-JUN-20 BUY MC DOWELL 593.50-583 591 580.5 612 4 3-JUL-20

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

OPEN CASH POSITIONAL CALLS

NO. RECO DT. RECO COMPANY NAME ENTRY CMP SL TARGET 1 TARGET 2 TARGET 3 UPSIDE % VALID TILL

1 28-MAY-20 BUY ICICI PRU LIFE* 369.5 424.0 334.0 406.0 442.0 - 4 28-AUG-20

2 1-JUN-20 BUY AVANTI FEEDS** 442.0 504.0 403.0 481.0 520.0 575.0 14 1-DEC-20

3 19-JUN-20 BUYMAHARASHTRA

SEAMLESS229.1 216.5 210.0 255.0 - - 18 17-SEP-20

4 22-JUN-20 BUYMISHRA DHATU

NIGAM220.0 217.9 200.0 245.0 260.0 - 19 20-SEP-20

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Page 10Retail Research

DATA & EVENTS

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

NO. RECO DT. RECO COMPANY NAME ENTRY CMP SLTARGET

1TARGET 2 TARGET 3

UPSIDE %

VALID TILL

1 2-JUN-20 BUYICICI BANK JULY

FUT*345.0 350.9 318.0 370.0 380.0 - 8

TILL 30TH JULY

2 25-JUN-20 BUYDR REDDY LAB

JULY FUT3983.8 3911.5 3790.0 4325.0 4499.0 15

TILL 30TH JULY

3 19-JUN-20 BUYL&T FINANCE

HOLDING JULY FUT*

65.0 65.9 61.0 70.0 75.0 - 14TILL 30TH

JULY

4 22-JUN-20 BUY VOLTAS JULY FUT 554.0 541.2 518.0 604.0 - - 12TILL 30TH

JULY

OPEN DERIVATIVE POSITIONAL CALLS

OPEN E-MARGIN POSITIONAL CALLS

NO. RECO DT. RECO COMPANY NAME ENTRY CMP SLTARGET

1TARGET 2

TARGET 3

UPSIDE % VALID TILL

1 12-JUN-20 BUYNAGARJUNA

CONSTRUCTION*30.0 29.1 27.0 33.5 36.0 - 24 12-SEP-20

OPEN PAIR TRADING CALLS

NO. RECO DT. RECO COMPANY NAME ENTRY CMP SLTARGET

1TARGET 2

TARGET 3

UPSIDE % VALID TILL

1 30-JUN-20

BUYCANARA BANK JULY

FUT103 100.7 97.5 110 - - 9

TILL 30TH JULY

SELL RBL BANK JULY FUT 179.6 168.4 189 166 - - 1

2 30-JUN-20

BUY VOLTAS JULY FUT 538.2 541.2 515 575 - - 6TILL 30TH

JULYSELL

GODREJ CP JULY FUT

690.35 690.4 723 640 - - 7

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DATA & EVENTS

QUARTERLY RESULTS ANNOUNCED

COMPANY Q4FY20 YoY (%) QoQ (%) Remarks

Sales (Rs Cr)

NP (Rs Cr)

Sales NP Sales NP

Ahluwalia Contracts 549 6 14 -80 10 -71Below

Estimates

APL Apollo Tubes 1889 57 -10 -8 -11 -23As Per

Estimates

Cera Sanitaryware 298 36 -29 -8 -8 26As Per

Estimates

Garware Technical Fibres 253 36 -13 -3 7 23Below

Estimates

Godfrey Philips India 679 38 5 -20 -15 -66As Per

Estimates

La Opala RG 64 14 -11 -15 -21 -46Below

Estimates

Mishra Dhatu Nigam 204 40 -39 -50 -2 -33Below

Estimates

ONGC 104489 -6757 -7 PL -5 PLBelow

Estimates

Rites 571 144 -23 -4 -8 -4As Per

Estimates

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

The Daily Viewpoint

Page 12Retail Research

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