nasdaq 4156.6 (10.6) (0.3) dowjones 16478.4 (1.5) (0.0...

1

27-Dec-13

Latest Points % Chg.

NIKKEI 225 * 16240.4 61.5 0.4

HANG SENG * 23271.9 28.7 0.1

DOWJONES 16478.4 (1.5) (0.0)

NASDAQ 4156.6 (10.6) (0.3)

SGX NIFTY FUT* 6372.5 8.5 0.1

INFY 58.3 0.8 1.3

HDFC BANK 34.4 0.4 1.1

ICICI BANK 37.1 0.5 1.2

TATA MOTORS 30.4 0.2 0.8

WIPRO 12.5 0.0 0.0

DR REDDY 41.1 0.1 0.2

* At 08:20 a.m. IST on 30-Dec-13

WORLD INDICES & INDIAN ADRs (US$)

30 December 2013

Sushil Financial Services Private Limited Member BSE : SEBI Regn.No. INB/F010982338 | NSE : SEBI Regn.No.INB/F230607435. Regd. Office : 12, Homji Street, Fort, Mumbai 400 001. Phone: +91 22 40936000 Fax: +91 22 22665758 Email : [email protected]

Please refer to important disclosures at the end of the report For private Circulation Only.

EQUITY

Latest 1 Day P/E* P/B*

SENSEX 21,193.6 0.6 18.0 2.6

NIFTY 6,313.8 0.6 16.9 2.5

CNXMIDCAP 8,034.9 0.7 14.1 1.5

27-Dec-13

*Source: Bloomberg

COMMODITIES

Latest Points % Chg.

GOLD 1213.4 2.8 0.2

CRUDE OIL 100.3 0.8 0.8

FII ACTIVITIES IN DERIVATIVES 27-Dec-13

FII Net Buy (Rs.

Crs)

Open

Interest

Ch. in Open

Int. (DOD)

Index Futures 285.0 13427.7 2.9

Index Options 301.3 28965.9 3.9

Stock Futures 35.9 30136.6 0.0

Stock Options 5.5 238.7 1674.9

NET INFLOWS (Rs. Crs.) 26-Dec-13

NET MTD YTD

FII 783.8 21887.1 110913.6

MF** 194.0 (1847.1) (22087.6)

*YTD From January till date **As on 24-Dec-13

27-Dec-13

Closing % Chg.

Rs. / $ 62.2 0.60

Rs. / EURO 85.1 0.65

Rs. / UK Sterling 101.8 0.82

EXCHANGE RATE

G.SEC. YIELD 27-Dec-13

Rate Yield (%)

GS CG2023 7.16% 87.2 9.2

MARKETS TODAY The market may edge higher in early trade on firm Asian stocks. Trading of CNX Nifty futures on the Singapore stock exchange indicates that the Nifty could gain 9.50 points at the opening bell. Rupee is expected to strengthen against the dollar amid continuous inflows into Indian equities. Further weakness in dollar against basket of currencies is also expected to cap upside in USD-INR. Resistance is seen at 6357 levels & support is seen at 6259 levels. Stocks to watch: ONGC, HCL Tech, RIL.

KEY OVERNIGHT DEVELOPMENTS Wall street finished Fri flat as investors took profits after spending the past several sessions applauding positive indicators and a Fed Reserve decision to shave USD10 bn off its monthly USD85 bn in monthly bond purchases, a sign the economy is improving and in less need of monetary support. Gold gained 0.5% to close at $1210.60 per ounce. Crude oil gained 0.3% to close at $99.60 per barrel. MUST KNOW….

Elder Pharma eyes new therapeutics areas to drive growth

Government stake in Andhra Bank goes up by over 2%

BHEL bags order worth Rs.10230 mn

Dabur Tunisie becomes Dabur India's step down subsidiary

Axis Bank renews MOU with Karvy Computershare

Monsanto up 17%, Bayer gains 8% as govt may allow GM crops

CBI may close its enquiry in Sasan project, Rel Power up 3%

Adani Power jumps 2%, may demerge transmission line biz

Brigade Enterprises buys Bangalore property for Rs.68.83 cr

MCX orders FTIL to cut stake from 26% to 2% in a month

Hindustan Motors up 5% as it gears up for restructuring

L&T developing Oman facilities as regional hub

A2Z Maintenance clarifies on increase in price

2

Corporate Announcements Elder Pharma eyes new therapeutics areas to drive growth

After the Torrent Pharmaceutical deal, pharma firm Elder Pharmaceutical would focus on brand building

and enter new therapeutics areas to drive growth. "After Torrent Pharmaceuticals' Rs.2,004-crore

acquisition deal, Elder Pharmaceuticals Ltd (EPL) plans to concentrate and build on its domestic business of

anti-infectives, strengthen in-license portfolio and grow its business in the UK and in Europe. It is also

exploring the possibility of entering new therapeutics areas," a company statement said. "EPL expects an

increase in its consolidated revenues and to re-structure and re-strategise brands and people. EPL would

easily increase its revenues and profitability," Elder Pharmaceuticals Chairman and Managing Director Alok

Saxena said in the statement. Elder Pharma's anti-infectives division has been contributing more than 10%

to the total revenue and has been registering annual growth of more than 12%. Formic and its line-

extension Formic-O are the key revenue contributors to this division. Newly-launched Balofloxacin, MENY

(Meropenem) and Formic OF are expected to boost revenues in this division, the release said. The

company plans to further strengthen its in-license portfolio and increase its presence in the Neurological

[CNS] therapeutic and cardio-vascular segments. EPL plans to concentrate its efforts to increase its

presence in injectables and anti-infectives' segments to nearly triple the turnover of its retained business in

the next three years. Elder's focus would be on creating a product in a therapeutic category and to

establish brand leadership in that segment, apart from developing its own portfolio. EPL also intends to

increase its presence in the UK and Europe through its wholly owned subsidiaries, NeutraHealth PLC and

Elder Biomeda EAD.

Government stake in Andhra Bank goes up by over 2%

Government's shareholding in public lender Andhra Bank has gone up by 2.14% after the latest round of

capital infusion. According to a filing with stock exchanges, the city-headquartered lender said it has

allotted 3,00,34,539 equity shares on preferential basis to the government. The government's shareholding

in the bank now stood at 60.14% from the earlier 58%, the filing said. In an earlier filing, the bank said the

Extraordinary General Meeting of the shareholders held on Dec 19 passed a special resolution to allot

shares at Rs.66.59 apiece (including a premium of Rs.56.59 per share) in return for Rs.200-crore additional

capital infusion. The government infused around Rs.200 crore on Dec 20 towards issuance and allotment of

equity shares on preferential basis, Andhra Bank said on Mon.

BHEL bags order worth Rs.10230 mn

Bharat Heavy Electricals Ltd has informed BSE that "Bharat Heavy Electricals Limited (BHEL) has bagged

order for the supply of Turbine Generator (TG) Package for 2x500 MW TPS at Neyveli. The order, valued at

Rs.10,230 mn, has been secured by BHEL from Neyveli Lignite Corporation Limited (NLC), for their

upcoming 1,000 MW Neyveli New Thermal Power Project at Neyveli, Tamil Nadu. BHEL’s scope of works

includes manufacture, supply, erection, testing and commissioning of Steam Turbine Generators &

Auxiliaries along with associated civil works."

Dabur Tunisie becomes Dabur India's step down subsidiary

Dabur India Ltd has informed BSE that the Company's wholly owned subsidiary Dabur International Limited

has incorporated on Dec 17, 2013 a new wholly owned subsidiary namely - Dabur Tunisie in

Tunisia.Accordingly, Dabur Tunisie has become the Company's step down subsidiary Company upon

incorporation on Dec 17, 2013.

3

Axis Bank renews MOU with Karvy Computershare

AXIS Bank Ltd has informed BSE that an agreement (MOU) with M/s Karvy Computershare Private Limited,

Hyderbad to act as RTA of the Bank for a further period of three years w.e.f. Jan 01, 2014 has been

renewed by the Bank.

Monsanto up 17%, Bayer gains 8% as govt may allow GM crops

Seed companies are on buyers’ radar as the government may soon approve genetically modified (GM) food

crops in India. Shares of Monsanto India, Bayer CorpSciences and Kaveri Seed are up 17%, 8% and 3.4%

respectively in intraday trade on Fri. According to media reports, Environment Minister Veerappa Moily is

expected to cast his vote in favour of allowing genetically modified food crops, overturning the position of

his immediate predecessors - Jayanthi Natarajan and Jairam Ramesh. “The apex court is hearing a public

interest litigation (PIL) on the issue and the Prime Minister's Office as well as the agriculture ministry have

pushed hard to submit such an affidavit, but were unable to do so because of resistance from Natarajan,”

says the report.

CBI may close its enquiry in Sasan project, Rel Power up 3%

Shares of Reliance Power were buzzing in trade on Fri as it gained 3% intraday. Sources told that the CBI is

likely to close its preliminary enquiry to probe coal block allocation in Reliance Power ’s Sasan project.

Sasan power project is an ultra-mega power project with an installed capacity of 4000 MW. The first unit

started producing power on Mar 30 while the second unit started production on Dec 13. The company's

overall generation capacity has crossed 3,200 MW. Reliance Power is executing three UMPPs in Sasan

(Madhya Pradesh), Krishnapatnam (Andhra Pradesh) and Tilaiya (Jharkhand).

Adani Power jumps 2%, may demerge transmission line biz

Shares of Adani Power jumped over 2% intraday on Fri ahead of a board meeting scheduled Dec 28. The

board is expected mull demerger of transmission line business. “The board of directors meeting will be

held on Dec 28, 2013, inter alia, to consider and approve demerger of transmission line business of the

company and other incidental matters,” a company filing said. Currently, Adani Power operates four

transmission lines including plants at Mundra and Dehgam near Ahmedabad. It has also set up

transmission lines from its power station in Tiroda, Maharashtra, to evacuate power to Warora and

Aurangabad.

Brigade Enterprises buys Bangalore property for Rs.68.83 cr

Brigade Enterprises Ltd has informed BSE that the Company has purchased a prime property measuring

2.25 Acres at Hebbal, Bangalore from M/s. Hindustan Coca-Cola Beverages Pvt. Ltd. for a consideration of

Rs.68.83 Crores, for developing a prime real estate project.

MCX orders FTIL to cut stake from 26% to 2% in a month

The board of the Multi Commodity Exchange of India Ltd (MCX) asked promoter Financial Technologies

India Ltd (FTIL) to reduce its stake to 2%, in accordance with the regulator's order. Last week, the Forward

Markets Commission (FMC) had issued an order declaring FTIL and its chief Jignesh Shah unfit to run any

exchange, including the Multi Commodity Exchange of India Ltd (MCX), following a Rs.5,500 crore payment

crisis at group company National Spot Exchange Ltd (NSEL). Jignesh challenges FMC order, investors' baying

for brokers. The regulator also charged Shah with being the "highest beneficiary of the fraud perpetrated"

4

at NSEL. The NSEL, which is promoted by Financial Technologies, has been defaulting on payments to

13,000 investors. It was plunged into the payment crisis after halting trading in commodities from Aug 1 on

a government directive. The MCX board of directors at a meeting decided to advise Financial Technologies

to implement the FMC order by reducing its stake in the company to 2% or below from 26% within a period

of one month, the company said in a BSE filing. The country's largest commodity exchange also decided to

withdraw the representation of Financial Technologies official Miten Mehta on its board, as per the

regulator's directions. FTIL and Shah have already moved the Bombay High Court challenging the FMC

order. Their petition seeks to quash the FMC order declaring FTIL not a 'fit and proper person' to hold

anything more than 2% of the equity in MCX. Shah founded MCX in Nov 2003 and then went on to set up a

stock exchange this year. He is currently the Chairman of Financial Technologies, which owns and runs

NSEL. Shah quit as Vice-Chairman and Shareholder Director of MCX Stock Exchange on Oct 9. A few weeks

later, he resigned as MCX Vice Chairman.

Hindustan Motors up 5% as it gears up for restructuring

Shares of Hindustan Motors rallied 5% intraday on Fri as it is gears up for restructuring. The company has

been suffering from poor cash flow due to lack of vehicle sales. "HM remains fully committed to its revival

plan. Slowdown in the economy, especially in the auto sector has affected the company too. In addition,

we have had operational challenges in terms of cash flow problems for the company. Under these

circumstances, it is becoming extremely challenging to manage daily operations," company's MD and CEO

Uttam Bose said. Bose said the company needed to restructure the business by demerging the Chennai and

Uttarpara operations. The C K Birla group company was also seeking strategic investors for both the units.

L&T developing Oman facilities as regional hub

Engineering giant Larsen and Toubro has said it is developing its facilities in Oman as a regional

manufacturing hub to cater to the growing needs of the countries in the Gulf and beyond. L&T's facilities at

Sohar in Oman are already the company's largest manufacturing footprint outside India - far larger than its

plants in China, South East Asia and Europe - and are actively contributing to the economic growth of

countries in the region, the company said in a statement. The USD 14 bn technology, engineering,

construction and manufacturing major's twin facilities in Sohar consist of a large modular fabrication yard -

the only such large facility in Oman and among few facilities in the region capable of loading out large

structures weighing as much as 20,000 tonnes. Adjoining the yard is a Heavy Engineering manufacturing

facility that makes complex process plant equipment for the refining, petrochemical, fertilizer and power

sectors, the Times of Oman reported. Commencing production in 2007, the facilities already have a record

of impressive technological accomplishments - a large of number of well-head platforms, offshore jack-up

rigs, and multiple reactors with complex metallurgy. But perhaps of even greater significance are the

positive social changes and economic impact that the L&T Sohar Complex has brought about, the report

said. The Sohar complex has proved to be a valuable engine of economic growth and exports. As the only

facility of its kind in Oman, and among the largest in the region, the yard is in a particularly advantageous

position to meet the needs of the oil and gas industry of the region and beyond, it said. Most of its

products are exported to other countries in the Gulf, India, South East Asia, Europe and the Americas, thus,

earning foreign exchange for the country. This trend is likely to grow in the future as the region prepares to

accelerate growth through oil diversification policies and an extra focus on manufacturing.

5

A2Z Maintenance clarifies on increase in price

With reference to Increase in Price, A2Z Maintenance & Engineering Services Ltd has clarified to BSE that it

does not have price sensitive information which it is required to disclose to the exchange as per Clause 36

of the listing agreement. Further, the Company is aware that the debt restructuring proposal of the

Company with CDR Cell was taken up for consideration and the Company is yet to receive any written

communication/confirmation for approval from CDR Cell till date.

V-Mart Retail opens 89th store at Deoghar, Jharkhand

V-Mart Retail Ltd has informed BSE that the Company has opened a new store located at Deoghar Palace,

VIP Chowk,Court Road, Near Vir Kunwar Singh Chowk, Deoghar- 814112, Jharkhand. The store is spread in

an area of 9470 sq. ft. This is the 4th store in the state of Jharkhand across 4 cities. With this the Company

have increased the tally of the state to 4 Fashion stores. This takes the total number of stores to 89 in 76

cities across 12 states with a total area of 7.19 lakhs sq.ft.

NALCO bags 'excellent' MoU score

With reference to the MoU signed with Union Ministry of Mines, Navratna PSU National Aluminium

Company Ltd (NALCO) has been awarded 'Excellent' MoU score of 1.5 by the Department of Public

Enterprises for its outstanding performance in 2012-13, according to the company. NALCO had last

achieved the 'Excellent' MoU score in 2006-07. Besides, during 2012-13, NALCO has also been rated as

'Excellent' with a score of 97.5 for compliance with guidelines on Corporate Governance for CPSEs, a

company release said. During 2012-13 NALCO has reported a highest ever net sales of Rs.7,247 crore

against a target of Rs 7,073 crore. This represents an increase of 2.46 percent against the MoU target. The

company reported a net profit of Rs.593 crore with metal sale of 4,03,102 tonnes and alumina sale of

9,84,722 tonnes in the financial year 2012-13, it said. NALCO also produced highest ever bauxite of 54.19

lakh tonnes and highest-ever alumina of 18.02 lakh tonnes in 2012-13. During the period, the company also

generated 6076 units of power from its Captive Power Plant. NALCO's significant achievements and

activities towards CSR, Sustainable Development and R&D also contributed towards company's excellent

ratings, the release said. It may be mentioned that as part of MoU on harnessing renewable energy

sources, NALCO has entered into a new business of wind power generation with commissioning of 50.4

MW wind power plant at Gandikota in Andhra Pradesh at an investment of Rs.274 crore, which was

synchronized in Dec, 2012 and sale of power has been commenced, the release added.

Etihad contemplates paying Rs.1 crore fine slapped by CCI

After the Competition Commission of India (CCI) slapped Etihad with a penalty of Rs.1 crore, the Abu Dhabi

airline is now considering paying the entire sum. The CCI had slapped a Rs.1 crore penalty citing non-

disclosure of specific information while getting regulatory approvals. The information mentioned was

pertaining to the Jet Airways -Etihad deal with respect to the Heathrow slots. There were three landing

Heathrow slots that Jet has sold to Etihad as a part of the deal. This had been done before the 24% equity

sale had happened and the slots were essentially meant to be leased back to Jet Airways. Hence the legal

team is now going through all the details, but they are likely to be making the penalty. The timeline that

CCI has given to them is around 60 days, Jan 2014 is the possible timeframe. Sources have also claimed that

the CCI has given them a clarity that the penalty is over and above the nod that had been already given by

them for the Jet-Etihad deal. On contacting, Etihad said it is evaluating the CCI’s notification and that it

would be inappropriate to comment any further.

6

Gabriel inaugurates new R&D centre in Hosur

Gabriel India Ltd has informed BSE regarding a Press Release titled "Gabriel leads by its research and

development focus; leaps forward with the launch of new two wheeler R&D centre in Hosur".

7

Information of Bulk Deals –27th Dec 2013 on BSE

Scrip name Name of Client BUY (B) / SELL (S)

Quantity Shares

Trade Price/ W Avg. Price

Adi Rasayan Aditya Gupta S 49,600 25.8

Adi Rasayan Dinesh Gupta S 45,129 25.8

Adi Rasayan Hiren Kirit Gandhi S 47,800 25.8

Adi Rasayan Status Equity And Finance Pvt Ltd B 152,100 25.8

Ankush Finstock Mahesh Gajanand Goyal B 37,841 5.24

Arrow Securi Kiritkumar Shah S 65,000 6.86

Atwl Ashvin Verma S 88,000 23.23

Beryl Drugs Jasmina Sameer Shah S 25,950 25.51

Bonanza Inds Madhuben Bhagvanbhai Patel S 15,810 95

Bonanza Inds Nova Gold Petro Resources Limited B 16,000 95

Croitre Inds Abhishek Badrinath Kapoor B 250,000 7.25

Croitre Inds Invictus Stock Research Private Limited S 200,000 7.25

Croitre Inds Kampan Linksys Private Limited S 50,000 7.25

Croitre Inds Nitin Kumar Jain S 82,200 7.25

Croitre Inds Riya Narendra Lodha B 212,575 7.28

Croitre Inds Saurabh Jain S 126,200 7.25

Cupid Trades Pradeep Narendra Bhatt B 8,011 59.55

Dhanuka Agri Hindon Merchantile Limited B 277,000 181.5

Dhanuka Agri Ram Gopal Aggarwal Huf S 412,000 181.5

Dhanuka Agri Urmila Dhanuka S 277,000 181.5

Dhanuka Agri Zoom Leasing & Finance Co Limited B 412,000 181.5

Expo Gas Parmatma Investments Private Ltd S 47,114 5.33

Globus Con Aneri Intelligence Services Private Limited S 107,613 93.14

Globus Con Life Care Investments S 50,000 93.2

Globus Con Vineet Commodity Service Private Limited B 157,421 93.16

Greenply Inds The Ashmore Emm Umbrella Funds Trust S 137,292 352.11

Kalptaru Pap Vidhi Nikunj Shah B 39,573 3.3

Kg Petrochem Manish Singhal B 40,000 9.52

Kg Petrochem Yashraj Agrawal S 40,000 9.52

Lambodhara Tex Pudumjee Inv And Fin Co Ltd B 30,000 150

Looks Health Dahyabhai Narayandas Patel Huf S 70,000 437

Looks Health Samras Organisers B 70,000 437

Lords Chemicals Ashwin Rasiklal Jani B 78,390 3.5

Lords Chemicals Jem Fiscal Limited S 100,000 3.51

Magnum Manubha P Vaghela S 33,000 10

Magnum S J Infratech Private Limited B 25,000 10

Magnum Vardhman Infracon Private Limited B 29,933 9.85

Mobile Telecom Anil Babulal Vedmehta S 1,615,100 3.15

Mobile Telecom Rachna Bagga B 600,000 3.2

Omni Axs India Securities Broking Private Limited B 175,000 0.94

8

Omni Axs Roopshri Finvest Pvt Ltd S 175,000 0.94

Panchsheel Org Deepali Vikki Ajmera S 29,900 20.5

Sancia Glob Albula Investment Fund Ltd S 234,781 0.59

Saya Housing Jagdishkumar Amrutlal Akhani B 30,000 9.8

Saya Housing Manubha P Vaghela S 34,990 9.8

Shri Dinesh Shri Dinesh Mills Limited B 28,660 87.95

Somi Conveyor Jayshree Prakash Parmar S 61,222 32.13

Sybly Inds Arpit Construction Private Limited B 400,000 1.38

Sybly Inds Lilac Farms Private Limited S 547,327 1.38

Vardhman Babulal M Vardhman S 200,000 17

Vardhman Dilip Vardhan S 350,000 17

Vardhman Vardhan Capital & Fin. Ltd. B 550,000 17

Ybrantdigi S E Investments Limited S 2,391,819 7.39

Information of Bulk Deals – 27th Dec 2013 on NSE


Quantity Shares


Greenply Industries Ltd The Ashmore Emm Umbrella Funds Trust S 140000 352.28

9

Snapshot of BULK DEALS in the previous week


Quantity Shares


Bajaj Finserv Limited Morgan Stanley Asia (Singapore) Pte S 3582795 722

Bajaj Finserv Limited Valiant Mauritius Partners Limited B 2308083 722

Bajaj Finserv Limited Valiant Mauritius Partners Offshore Ltd B 2046790 722

Jindal Saw Limited Macquarie Bank Limited S 4130000 46.45

Jindal Saw Limited Morgan Stanley Asia (Singapore) Pte S 14874840 48

Jindal Saw Limited Valiant Mauritius Partners Limited B 7883665 48

Jindal Saw Limited Valiant Mauritius Partners Limited B 2188900 46.45

Jindal Saw Limited Valiant Mauritius Partners Offshore Ltd B 1941100 46.45

Jindal Saw Limited Valiant Mauritius Partners Offshore Ltd B 6991175 48

Jindal Steel & Power Morgan Stanley Asia (Singapore) Pte B 17644922 255

Jindal Steel & Power Valiant Mauritius Partners Limited S 9211895 255

Jindal Steel & Power Valiant Mauritius Partners Offshore Ltd S 8433027 255

Alliance Integrat Alliance Integrated Metaliks Limited B 90,075 161

Npr Finance Crb Trustee Limited A/C Crb Mutual Fund S 79,100 6.74

Npr Finance Vipul Rajendrabhai Gandhi B 60,000 6.74

T D Power Systems L&T Equity Fund B 373,387 190.1

T D Power Systems Yamada Fumio S 169,305 190.37

T D Power Systems Yukinobu Teshima S 270,843 190

Tecpro Systems Kitara Piin 1101 S 1,860,000 13.95

Tecpro Systems Kotak Mahindra (International) Limited B 1,860,000 13.95

Apollo Hospitals Ltd Pcr Investments Limited B 1000000 876.67

Bhartiya Intl Limited Padmashree Inc B 110000 181.79

Innoventive Ind Ltd Kitara Piin 1101 S 999670 14.35

Innoventive Ind Ltd Kotak Mahindra (International) Limited B 999670 14.35

Alliance Integrat Ahmednagar Forgings Ltd S 85,000 160

Alliance Integrat Alliance Integrated Metaliks Limited B 100,000 160

Gati The Il&Fs Financial Services Limited S 600,000 35.75

Indian Terrain Eos Mlti Strtgy Fnd Ltd Eos Mlti Strtgy Fnd B 420,000 124.5

Indian Terrain Venkatesh Rajagopal Venkatesh Rajagopal S 420,000 124.5

Arss Infra Proj. Ltd Uniways Agri Commodities Private Limited S 100000 22.8

Bhartiya Intl Limited Padmashree Inc B 85100 179.95

Gati Limited The Il&Fs Financial Services Ltd S 900000 35.33

Vaibhav Gems Limited Grandeur Peak International Oppr Fnd B 191000 699.4

10

Declaration made under SEBI (Insider Trading) Regulation 2002

Company Name Name of Acquirer / Seller Transaction Date

Buy / Sell

No. of Shares Transacted

Qty%

Holding after Transaction

Qty%

Grauer & Weil India Ltd Nirajkumar More 23/12/2013 B 3930 17850106 7.87

Graphite India Ltd H L Investment Company Ltd 23/12/2013 B 23000 13382781 6.85

Graphite India Ltd The Bond Company Ltd 23/12/2013 B 21344 18200710 9.31

Advance Metering Technology Ltd

Pkr Hitech Industrial Corporation Llp 23/12/2013 B 3685 5939825 36.99

Indiabulls Wholsale Srvcs Ltd Gragerious Projects Pvt Ltd 24/12/2013 B 135326 4087009 8.08

Tvs Srichakra Ltd R Haresh 20/12/2013 B 21496 176113 2.3

Ajanta Pharma Ltd Suresh C Pandey 20/12/2013 S 2000 4500

Polyspin Exports Ltd R Durga 20/12/2013 B 500 325503 8.14

Lupin Ltd Venkata Palle 19/12/2013 S 1000 1000

Jl Morison India Ltd Leaders Healthcare Ltd 19/12/2013 B 4001 54889 4.02


Hindoostan Mills Ltd Delta Investments Ltd 19/12/2013 B 5327 79712 4.78

Hindoostan Mills Ltd The Bhor Chemicals & Plastics Pvt Ltd 19/12/2013 B 82 20329 1.22

R.S. Software (India) Ltd Rajnit Rai Jain 19/12/2013 S 48128 4671623 36.62

R.S. Software (India) Ltd Sarita Jain 19/12/2013 S 50000 242072 1.9

Thangamayil Jewellery Ltd Balarama Govinda Das 19/12/2013 B 1120 2824905 20.59

Ansal Properties & Infra Ltd Pranav A Karta, Pranav A & Sons (Huf) 18/12/2013 B 50000 5780100 3.67

Fedders Lloyd Corportn Ltd Lloyd Sales Pvt Ltd 18/12/2013 B 80000 4283619 13.92



Vhcl Industries Ltd Bhushan Valia 18/12/2013 B 15500 195788 0.52

Vhcl Industries Ltd Bhushan Valia 18/12/2013 B 15500 195788 0.52

Vhcl Industries Ltd Hardik Valia 18/12/2013 B 5000

Aarti Industries Ltd Anushakti Holdings Ltd 19/12/2013 B 13112 6913492 7.8

Orcle Fncl Srvcs Software Ltd Manmath Kulkarni 18/12/2013 S 2000 8333

Icra Ltd Vivek Mathur 18/12/2013 S 557 1704 0.02

Sundaram Multi Pap Ltd Amrut P Shah 18/12/2013 B 100000 0.05 37585489 17.44

Kcp Sugar & Inds Corptn Ltd Durgamba Investment Pvt Ltd 18/12/2013 B 5000 43380656 38.26




Thangamayil Jewellery Ltd Balarama Govinda Das 17/12/2013 B 110 2823785 20.58



Spectra Industries Ltd Sheela Vinod Gupta 12/12/2013 B 90 90461

Godavari Drugs Ltd Priyanka Jaju 11/12/2013 B 118500 118500

11


Bhilwara Techncl Textiles Ltd Sita Nirman Pvt Ltd 18/12/2013 B 35775 3325804 5.7

Spectra Industries Ltd Sheela Vinod Gupta 03/12/2013 S 100 90021


Hindoostan Mills Ltd Delta Investments Ltd 18/12/2013 B 177 0.01 74385 4.46

Tata Consultancy Services Ltd Af-Taab Investment Company Ltd 18/12/2013 S 3000 678352 0.03

Lupin Ltd Pradeep S Bhagwat 18/12/2013 S 650 5000

Patels Airtemp India Ltd Therm Flow Engineers Pvt Ltd 17/12/2013 B 2130 1062375 20.95



Lupin Ltd Kaushik Samanta 11/12/2013 S 100 4625

Aarti Industries Ltd Anushakti Holdings Ltd 17/12/2013 B 17065 6900380 7.79

Dcw Ltd Lotus Global Investments Ltd 05/12/2013 S 3463423 2.05 8477877 4.04

Vora Constructions Ltd New Markets Advisory Ltd S 45000 2.25 375000 18.75

Power Grid Corp Of India Ltd Presdnt Of India Rprsntd Thru M Of D 101269800 1.94

Richirich Inventures Ltd Manoj Jain Huf 02/12/2013 B 10 35711 0.74

Richirich Inventures Ltd Rajkanwar Annraj Jain 06/12/2013 B 940 199275 4.15

12

Rating Scale This is a guide to the rating system used by our Institutional Research Team. Our rating system comprises of six rating categories, with a corresponding risk rating.

Risk Rating

Risk Description Predictability of Earnings / Dividends; Price Volatility

Low Risk High predictability/ Low volatility

Medium Risk Moderate predictability / volatility

High Risk Low predictability/ High volatility

Total Expected Return Matrix

Rating Low Risk Medium Risk High Risk

Buy Over 15 % Over 20% Over 25%

Accumulate 10 % to 15 % 15% to 20% 20% to 25%

Hold 0% to 10 % 0% to 15% 0% to 20%

Sell Negative Returns Negative Returns Negative Returns

Neutral Not Applicable Not Applicable Not Applicable

Not Rated Not Applicable Not Applicable Not Applicable

Please Note

Recommendations with “Neutral” Rating imply reversal of our earlier opinion (i.e. Book Profits / Losses).

** Indicates that the stock is illiquid With a view to combat the higher acquisition cost for illiquid stocks; we have enhanced our return criteria for such stocks by five percentage points.

“Desk Research Call” is based on the publicly available information on the companies we find interesting and are quoting at attractive valuations. While we do not claim that we have compiled information based on our meeting with the management, we have taken enough care to ensure that the content of the report is reliable. Although we have christened the report as “Desk Research Calls” (DRC), we intend to release regular updates on the company as is done in our other rated calls.

For any information or suggestion, please contact the below mentioned…

Vatsal Shah ([email protected]) Nishita Shah ([email protected])

Bhaveshkumar Jain ([email protected])

Sushil Financial Services Private Limited Member BSE: SEBI Regn.No. INB/F010982338 | Member NSE: SEBI Regn.No.INB/F230607435.

Office: 12, Homji Street, Fort, Mumbai 400 001. Phone +91 22 4093 6000 Fax +91 22 2266 5758

Additional information with respect to any securities referred to herein will be available upon request.

This report is prepared for the exclusive use of Sushil Group clients only and should not be reproduced, re-circulated, published in any media, website or otherwise,

in any form or manner, in part or as a whole, without the express consent in writing of Sushil Financial Services Private Limited. Any unauthorized use, disclosure or

public dissemination of information contained herein is prohibited. This report is to be used only by the original recipient to whom it is sent.

This is for private circulation only and the said document does not constitute an offer to buy or sell any securities mentioned herein. While utmost care has been

taken in preparing the above, we claim no responsibility for its accuracy. We shall not be liable for any direct or indirect losses arising from the use thereof and the

investors are requested to use the information contained herein at their own risk.

This report has been prepared for information purposes only and is not a solicitation, or an offer, to buy or sell any security. It does not purport to be a complete

description of the securities, markets or developments referred to in the material. The information, on which the report is based, has been obtained from sources,

which we believe to be reliable, but we have not independently verified such information and we do not guarantee that it is accurate or complete. All expressions of

opinion are subject to change without notice.

Sushil Financial Services Private Limited and its connected companies, and their respective directors, officers and employees (to be collectively known as SFSPL),

may, from time to time, have a long or short position in the securities mentioned and may sell or buy such securities. SFSPL may act upon or make use of information

contained herein prior to the publication thereof.

mailto:[email protected]



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