Religare Morning Digest · Adhbhut Infrastructure Ltd ADHUNIK METALIKS LTD. ADS DIAGNOSTIC LTD. ADVENT COMPUTER SER-VICES LTD. ADVANCE LIFESTYLES LTD. AGC Networks Limited 30

1 Disclaimer: http://www.religareonline.com/research/Disclaimer/

Religare Morning Digest

June 1 2018

Nifty Outlook

VWAP (Expiry till date) Max OI (Call) Max OI (Put)

NIFTY 10660 10600 11000

Markets witnessed firework on F&O expiry day and gained over a percent, thanks to firm global cues and short covering in the end. The bias was positive from the beginning and strong up move in the banking majors triggered momentum in the last half an hour. However, weakness endured on broader front as a result the market breadth ended on negative note.

Indications are positive and we believe Nifty will test 10800 shortly. However, we’re seeing limited participation thus focus should be on stock selection. Global cues, movement in crude oil price and progression of monsoon will dictate the market trend from hereon.

Sectors to watch

Sector Name Outlook

AUTO STABLE

IT STABLE

FMCG STABLE

News Religare Super Ideas**

FII & DII Cash Segment (Rs. in Cr.)

Category Amt. MTD FYTD

FII** -1287 -12343 -22969

DII** 492 15320 24443

Derivative Ideas **

Orient Cement rose 5.4% in trade as the company announced that it has terminated the agreement to acquire two entities from Jaypee group firms.

BGR Energy Systems reported its Q4FY18 numbers wherein net profit grew by 125.8% yoy to Rs 33 cr on and total income for the quarter increased by 7.7% yoy to Rs 1196.43 cr.

Tata Motors announced that it has inked a pact with Maharashtra government to deploy 1,000 electric vehicles (EVs) from its range of passenger and commercial vehicles across the state. As part of MoU inked with the state government, Tata Motors along with Tata Power will facilitate setting up of EV charging stations in the Maharashtra.

**Provisional data as on 30th May 2018

Scrip Buy/Sell CMP Initiation

Range SL* Target

TORNTPHARM BUY 1408.05 1390-1400 1330 1540

TATAPOWER SELL FUT 81 82-83 85 77

Instrument B/S Lot INITIATION

RANGE SL

TAR-GET

TATACHEM BUY 740C

E

750 22-23 13 55

**Please note that the given technical and derivative recommendations are

"valid for taking position" only on recommended date and in the given range.

*Please note - Stoploss is on closing basis for delivery recommendation and

intraday basis for futures recommendation.

Trade Stats

NO OF CON-

TRACTS

TURNOVER IN CR

IDXFUTS 523513 47287

IDXOPT 16024543 1568880

STKFUTS 2322868 154034



June 1 2018

Investment Pick - Capacite Infraprojects Ltd.

Incorporated in 2012, Capacite Infraprojects Ltd. (Capacite) is a fast growing construction company focused on Residential, Commercial and Institutional buildings. Their capabilities include constructing concrete building structures as well as composite steel structures and also provide mechanical, electrical and plumbing (MEP) and finishing works.

Capacite is a fast growing Construction Company with primary focus on construction of Residential, Commercial and Institutional buildings. Over the last four years, the company's revenue has grown to Rs. 1,336 cr in FY18 and has an outstanding order book of Rs. 5,682 cr as on end of FY18 from some of the most reputed builders in the industry.

Scrip CMP Target Duration Recommendation Price

Capacite Infraprojects Ltd. 310.7 371 9-12 Months 274

TATACHEM shed around 1% in open interest as short covering was seen in it in previous session.

Current chart pattern also indicates further surge in its price. We suggest buying TATACHEM options as

per below levels.

Strategy:- Buy TATACHEM 740CE between 22-23,

SL-13, TGT – 55 for 4-6 trading sessions.

Derivative Ideas Religare Super Ideas Religare Super Ideas Religare Super Ideas

Torrent Pharmaceuticals Limited (TORNTPHARM)

Tata Power Company Limited (TATAPOWER)

Unlike majority pharma stocks, TORNTPHARM has been consolidating in a broader range while

maintaining strongly above the support zone of 200 EMA, indicating uptrend in place. It has

recently tested the lower band of that range, offering fresh buying opportunity. We advise

accumulating on dips in the given range.

TATAPOWER, after breakdown from a distribution pattern, has witnessed marginal bounce of late,

providing chance to create fresh shorts. Traders shouldn’t miss this opportunity and go short in the

mentioned zone.



June 1 2018

Religare Investment Calls

Name of the Company Reco Date Reco Price Target Price Upside % Previous day Closing Price

CRISIL 01-Aug-17 1,858 2,419 30.2% 1,715.1

LIC Housing Finance 09-Aug-17 681 748 9.8% 475.2

The Byke Hospitality 17-Aug-17 195 242 24.1% 170.3

Tata Communications 18-Sept-17 708 822 16.1% 617.4

Force Motors 25-Jan-18 3,250 4,197 29.1% 2,819.3

APL Apollo Tubes 31-Jan-18 2,255 2,559 13.5% 1,873.5

Symphony Ltd. 31-Jan-18 1,815 2,160 19.0% 1,528.3

Bharat Electronics Ltd. 7-Feb-18 149 217 45.6% 114.4

Kajaria Ceramics Ltd. 7-Feb-18 589 775 31.5% 549.2

Mold-Tek Packaging 8-Feb-18 346 379 9.5% 320.8

Eicher Motors Ltd 12-Feb-18 27,748 34,600 24.7% 30,780.7

Avanti Feeds 12-Feb-18 2,504 2,980 19.0% 1,632.9

Talwalkars Better Value Fitness 12-Feb-18 304 350 15.1% 58.0

NRB Bearings 14-Feb-18 165 198 20.0% 166.0

S Chand & Company 14-Feb-18 472 640 35.6% 380.7

Minda Corporation 15-Feb-18 203 231 13.8% 178.8

Wonderla Holidays 16-Feb-18 386 411 6.5% 344.7

Garware Wall Ropes Ltd 16-Feb-18 950 1,074 13.1% 954.5

Fiem Industries 19-Feb-18 899 1,315 46.3% 868.8

SML Isuzu 22-Feb-18 795 1,114 40.1% 790.4

Asian Granito India Ltd. 22-Feb-18 498 642 28.9% 424.8

Time Technoplast 23-Feb-18 185 249 34.6% 149.8

Century Plyboards 27-Feb-18 326 368 12.9% 279.4

Supreme Industries Ltd. 03-Apr-18 1,195 1,473 23.3% 1,301.9

Navneet Education 17-May-18 139 188 35.3% 127.3

Swaraj Engines Ltd 23-May-18 1,974 2,426 22.9% 1,964.5

Prabhat Dairy Ltd. 24-May-18 176 230 30.6% 175.4

Srikalahasthi Pipes Ltd 24-May-18 299 379 26.9% 316.0

Nilkamal Ltd. 28-May-18 1,662 2,231 31.2% 1,712.1

Capacite Infraprojects Ltd. 28-May-18 274 371 35.4% 310.7

Castrol India Ltd 29-May-18 176 220 24.8% 170.9

Sutlej Textiles 31-May-18 61 75 24% 61.3



June 1 2018

Corporate Action Calendar — May 2018 (Cash Dividend)

Mon Tue Wed Thu Fri Sat Thu 28

29

Suyog Telematics Ltd

Manappuram Finance Ltd

Colgate-Palmolive India Ltd

30

31

Tata Consultancy Services Ltd

HDFC Bank Ltd

Oberoi Realty Ltd

Responsive Industries Ltd

1

2 31

Page Industries Ltd

Hatsun Agro Products Ltd

Faze Three Ltd

Economic Calendar — May 2018

Sun Mon Tue Wed Thu Fri Sat 27 28

29

Bloomberg May India Eco-

nomic Survey

30

31

Fiscal Deficit INR Crore

GDP Annual Estimate YoY

GDP YoY

GVA YoY

Eight Infrastructure Industries

1

Nikkei India PMI Mfg

2

Corporate Action Calendar — May 2018 (Acquisition)

Date Target Company Acquirer Company

05/28/2018

05/28/2018

05/29/2018

05/30/2018

05/31/2018

06/01/2018

Rajputana Investment & Finance Ltd

Acero Junction Holdings Inc

Econo Trade India Ltd

City Cancer Center

Xchanging Solutions Ltd

Tejovat Technologies Pvt Ltd

BRD Developers & Builders Ltd

JSW Steel Ltd

Multiple acquirers

HealthCare Global Enterprises Ltd

DXC Technology Co

Argus Worldwide Corp

Corporate Action Calendar — May 2018 (Stock Split)

Sun Mon Tue Wed Thu Fri Sat 27 28 29 30 31

Gaekwar Mills Ltd

1 2

Corporate Action Calendar — May 2018 (Stock Dividend)

Sun Mon Tue Wed Thu Fri Sat

27 28

29

30

31

Tata Consultancy Services Ltd

1

2



June 1 2018

Result Calendar — May 2018

Sun Mon Tue Wed Thu Fri Sat

27

KANDAGIRI

SPINNING

MILLS LTD.

KERNEX MI-

CROSYSTEMS

(INDIA) LTD.

Lex Nimble

Solutions Ltd

RAJOO ENGI-

NEERS LTD.

SAMBANDAM

SPINNING

MILLS LTD.

28

AASHEE INFOTECH LTD.

ABHINAV CAPITAL SER-

VICES LTD.

ACTION FINANCIAL SER-

VICES (INDIA) LTD.

ADDI INDUSTRIES LTD.

Adhunik Industries Ltd

ADINATH TEXTILES LTD.

ADI RASAYAN LTD.

ADITYA SPINNERS LTD.

ALLIED DIGITAL SERVICES

LTD.

Amba Enterprises Ltd

AI CHAMPDANY INDUS-

TRIES LTD.

Anubhav Industrial Re-

sources Ltd

AKM Lace and Embrotex

Ltd

Abhinav Leasing & Finance

Ltd

ALPHA HI-TECH FUEL LTD.

Apex Frozen Foods Ltd

Aqua Pumps Infra Ventures

Limited

ARIHANT CAPITAL MAR-

KETS LTD.

29

A2Z Infra Engineering Limited

AADHAAR VENTURES INDIA

LTD.

AAGAM CAPITAL LTD.

ABC BEARINGS LTD.

Abhishek Infraventures Ltd

ACE Edutrend Ltd

ACI INFOCOM LTD.

ACRYSIL LTD.

Adarsh Mercantile Ltd

ADARSH PLANT PROTECT

LTD.

ADF FOODS LTD.

Adhbhut Infrastructure Ltd

ADHUNIK METALIKS LTD.

ADOR FONTECH LTD.

ADS DIAGNOSTIC LTD.

ADVENT COMPUTER SER-

VICES LTD.

ADVANCE LIFESTYLES LTD.

AGC Networks Limited

30

FIRST CUSTODIAN FUND

(INDIA) LTD.

3M INDIA LTD.

FOURTH GENERATION INFOR-

MATION SYSTEMS LTD.

7NR Retail Ltd

7Seas Entertainment Ltd

8K MILES SOFTWARE SERVICES

LTD.

AADI INDUSTRIES LTD.

Akar Auto Industries Ltd

Aananda Lakshmi Spinning

Mills Ltd

Aanchal Ispat Ltd

AAR Commercial Company Ltd

AARV Infratel Ltd

AASHEE INFOTECH LTD.

ABAN OFFSHORE LTD.

ABC GAS (INTERNATIONAL)

LTD.

ABM KNOWLEDGEWARE LTD.

ACCEL TRANSMATIC LTD.

ACE SOFTWARE EXPORTS LTD.

Achal Investments Ltd

ALLIED COMPUTERS INTERNA-

TIONAL (ASIA) LTD.

ACKNIT INDUSTRIES LTD.

31

BANARAS BEADS LTD.

BOMBAY POTTERIES & TILES

LTD.

DUGAR HOUSING DEVELOP-

MENTS LTD.

GWALIOR POLYPIPES LTD.

Himalaya Food International

Ltd

INANI SECURITIES LTD.

REIL ELECTRICALS INDIA LTD.

1

SHRI BAJRANG

ALLOYS LTD.

2

SVC INDUSTRIES

Ltd

For complete schedule of more Company results click here.

http://www.religareonline.com/MediaGalary/religare_images/201805301637438202529-Results%20Calendar.pdf



June 1 2018

Research Product Basket

For cash market trading

Call / Product Call Frequency No. of calls Avg open call duration % funds allocated

Intraday Calls Intraday 2 - 3 < 1 day 25%

Live / RMD Calls Daily 3 - 4 3 - 4 days 30%

Master Pick Weekly 1 1 month 15%

Religare Alpha Opportunity NA 2 - 3 months 20%

Cash NA 10%

For 1L margin*

Total Per Call

25,000 8,000

30,000 4,000

15,000 5,000

20,000 As per weightage

10,000

Intraday Calls These calls are flashed live on Ms Lync and ODIN with the purpose of squaring off positions on the same day. As a policy, we restrict our

intraday cash market calls to less than 4 calls a day. Hence, funds should be allocated accordingly to have provision to trade in all calls.

Live / RMD Calls 2 super ideas are flashed in RMD daily with a view of 3-4 days. Additionally as per market opportunity, we flash live calls during the day (including BTST calls). 3-4 such calls are made on a daily basis which might be open for 3-4 days. Funds should be allocated keeping in mind that

there will be 7-8 such open calls daily.

Master Pick This is our weekly recommendation shortlisted on the basis of techno-funda analysis. 15% of funds is recommended to be allocated for Master Pick considering that there will be 3 open calls. The average open duration for this call will be 1 month.

Religare Alpha This is a portfolio of 8-10 stocks which are held with a view of 2-3 months. It is recommended to allocate 20% of funds for building this portfolio which will provide stability to the overall trading portfolio.

Cash 10% surplus cash in the portfolio should be kept for the purposes of allocating it to opportunities as and when they arrive.

For derivative market trading

Call / Product Call Frequency No. of calls Avg open call duration % funds allocated

Derivative Ideas Daily 1 - 2 1 - 3 days 40%

Live calls Intraday / Daily 1 - 2 3 - 4 days 50%

Cash NA 10%

For 1L margin*

Total Per Call

40,000 40,000

50,000 50,000

10,000

Derivative Ideas 1 derivative idea is shared in RMD daily. It can be a plain vanilla F&O buy/sell call or an option strategy. Funds should be allocated assuming 2

such calls will be open at any time. These calls are open for 3-4 days on an average.

Live Calls These calls are flashed on MS Lync and ODIN during live market hours. These calls can be intraday or with a view of 2-3 days. Funds should be

allocated considering 2 such calls will be open at any time. 3/4 times, these calls will be on Nifty / Bank Nifty only.

Cash It is recommended to hold 10% cash to capitalize on any opportunity that may arise in markets.

For every client, the advisor must allocate a specific proportion of funds for trading and investing depending on the risk taking ability and willingness of the client

and their investment goals.

The below mentioned product basket tries to address the way to deal with the trading portfolio (cash/derivative) for optimum effectiveness of research calls.

It is recommended to divide your trading funds for various types of calls and not invest the entire amount for 1 or 2 calls only.



June 1 2018

Hitesh Agrawal [email protected]

Ajit Mishra [email protected]

Manoj M Vayalar [email protected]

Mehernosh Khurshed Panthaki [email protected]

Nirvi Ashar [email protected]

Rohit Khatri [email protected]

Suhanee Shome [email protected]

Team Members



June 1 2018

Before you use this research report , please ensure to go through the disclosure inter-alia as required under Securities and Exchange Board of India (Research Analysts) Regulations, 2014 and Research Disclaimer at the following link : http://old.religareonline.com/research/Disclaimer/Disclaimer_RSL.html

Specific analyst(s) specific disclosure(s) inter-alia as required under Securities and Exchange Board of India (Research Analysts) Regulations, 2014 is/are as under:

Statements on ownership and material conflicts of interest , compensation– Research Analyst (RA)

[Please note that only in case of multiple RAs, if in the event answers differ inter-se between the RAs, then RA specific answer with respect to questions under F (a) to F(j) below , are given separately]

Nature of Interest ( if answer to F (a) above is Yes : ……………………………………………………………………………………………………………………

Name(s) with Signature(s) of RA(s).

[Please note that only in case of multiple RAs and if the answers differ inter-se between the RAs, then RA specific answer with respect to questions under F (a) to F(j) above , are given below]

Copyright in this document vests exclusively with RSL. This information should not be reproduced or redistributed or passed on directly or indirectly in any form to any

other person or published, copied, in whole or in part, for any purpose, without prior written permission from RSL. We do not guarantee the integrity of any emails or attached files and are not responsible for any changes made to them by any other person.

S. No. Statement Answer

Yes No

I/we or any of my/our relative has any financial interest in the subject company? [If answer is yes, nature of Interest is given below this table] No

I/we or any of my/our relatives, have actual/beneficial ownership of one per cent. or more securities of the subject company, at the end of the month immediately preceding the date of publication of the research report or date of the public appearance?

No

I/we or any of my/our relative, has any other material conflict of interest at the time of publication of the research report or at the time of public appearance?

No

I/we have received any compensation from the subject company in the past twelve months? No

I/we have managed or co-managed public offering of securities for the subject company in the past twelve months? No

I/we have received any compensation for brokerage services from the subject company in the past twelve months? No

I/we have received any compensation for products or services other than brokerage services from the subject company in the past twelve months? No

I/we have received any compensation or other benefits from the subject company or third party in connection with the research report? No

I/we have served as an officer, director or employee of the subject company? No

I/we have been engaged in market making activity for the subject company? No

SS..No. Name(s) of RA.

Signtures of RA

Serial Question of question which the signing RA needs to make a separate declaration / answer

Yes No.

http://old.religareonline.com/research/Disclaimer/Disclaimer_RSL.html

Religare Morning Digest · Adhbhut Infrastructure Ltd ADHUNIK METALIKS LTD. ADS DIAGNOSTIC LTD. ADVENT COMPUTER SER-VICES LTD. ADVANCE LIFESTYLES LTD. AGC Networks Limited 30

Documents