Trendlyne Blog: The Baseline, Latest on stock market and finance in India and the world.

08 Jun 2017

HDIL fails to repay loans, Reliance Nippon plans IPO

Real estate firm HDIL has seen its share price fall today on news that the firm has failed to repay a Rs 144 crore loan amount it owes to Central Bank of India. The bank has consequently taken symbolic possession of HDIL's property in Kurla West. While the bank says it is carrying out the procedures required under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, HDIL has called the repayment failure a "technical default".

India's third largest mutual fund manager, Reliance Nippon Life Asset Management is looking to ride the bull wave in India's equity markets through an IPO, and sell shares amounting to a 10% stake. The share sale, the company said, will happen in 2017-18 and the company would sell more shares over the next four years, adding up to a 25% stake held by public shareholders by 2021.

Stock in spotlight: Cadila Healthcare, which has hit a new year high today and has become the second most valuable pharma company in India after Sun Pharma, overtaking Lupin. Share price of the stock has risen following FDA approval of Cadila’s generic version of Lialda, a drug used in the treatment of chronic inflammatory bowel disease.

Photo of the day: Police evacuate a child from the Parliament building during an attack on its main offices in Iran. Omid Vahabzadeh/AFP/Getty Images

The Baseline

07 Jun 2017

Buildup to RBI policy meet, RCom hit by fresh downgrades

Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) meets today, and markets are cautious as they wait to see the MPC's views going forward on the economy. Rates however, are expected to stay unchanged, as the MPC may want to see continued evidence of low inflation before reducing rates.The repo rate is likely to remain unchanged at 6.25% until the next policy review.

Struggling mobile carrier Reliance Communications has seen its share price take a hit following Moody's and Fitch downgrades of thei company's debt ratings to 'default' levels. Anil Ambani, who controls the company, had said last week that the firmhad won a seven-month reprieve from lenders on its loan-servicing obligations.

However Moody's Investors Service and Fitch Ratings said that this constituted a default under their ratings definitions, and warned the company would still have about 200 billion rupees ($3.10 billion) left in debt that may prove hard to cut down. Failure to clinch the deals could see lenders acquire control of RCom by converting loans to equity.

Stock in spotlight: Smallcap Cubex Tubings has seen big shareholder Dipak Kanayalal Shah increase his stake, from 4.76% in the previous quarter to 6.19%. The company's share price has seen gains on high volumes this week.

Photo of the day: A boy jumps from a water pipe into a canal as temperatures soar in Delhi. Cathal Mcnaughton/Reuters

The Baseline

06 Jun 2017

ISRO makes history with heaviest rocket, India First policy shuts out Chinese firms

The Indian Space Research Organization (ISRO) has successfully launched its heaviest rocket— the 640 tonne GSLV MK III—yesterday to put the GSAT-19 communications satellite into orbit. The 5:28 pm launch marked a milestone in capabilities for ISRO, demonstrating its capability to hurl next-generation satellites into orbit and carry astronauts into outer space.

The new India First policy for domestic procurement for steel - which gives preference to domestic firms for projects worth over Rs. 50 crore - has shut Chinese companies out from pipeline projects worth Rs 3,000 crore being built by Gail India. The guidelines for domestic preference are being imposed on all tenders that have not opened so far, as well as all future tenders.

Stock in spotlight: Tata Elxsi, which is gaining today in share price on news that its driverless car automation platform will be licensed to one of the big five auto OEMs.

Photo of the day: A family poses for a photograph at Sangam. Rajesh Kumar Singh/AP

The Baseline

04 Jun 2017

Stock Reports for the week: May 28 - June 3

Stock reports for the week is live! Over 100 research reports have landed, and despite the weak GDP performance analysts from HDFC Securities, ICICI Securities and Axis Direct are bullish about key stocks. Stock pick of the week is Hindustan Zinc, which has an average target of Rs. 269.6. Among the major base metals, zinc looks well placed, backed by healthy fundamentals according to analysts.

Date	Stock	Target	Upside (%)	Type	CMP	Broker	Change in past 6M
2017-06-03	HDFC Bank Limited	2174.00	32.90%	Buy	1635.80	Ventura	2x Reco
2017-06-02	Ashok Leyland Limited	112.00	20.62%	Buy	92.85	Chola Wealth Direct and 1 other
2017-06-02	Castrol India Limited	509.00	21.76%	Buy	418.05	IDBI Capital and 1 other
2017-06-02	Heritage Foods Limited	1460.00	32.23%	Buy	1104.10	Edelweiss
2017-06-02	Precision Camshafts Limited	169.00	36.95%	Buy	123.40	Edelweiss
2017-06-02	Technocraft Industries (Indi..	486.00	11.69%	Buy	435.15	Axis Direct	1x Reco
2017-06-02	Bajaj Electricals Limited	400.00	13.56%	Buy	352.25	Nirmal Bang Institutional and 1 other
2017-06-02	Sagar Cements Limited	1019.00	22.62%	Buy	831.00	Nirmal Bang Institutional and 1 other
2017-06-02	Hindalco Industries Limited	169.00	14.08%	Sell	196.70	Reliance Securities and 1 other	1x Reco
2017-06-02	Crompton Greaves Consumer El..	246.00	1.76%	Hold	241.75	Reliance Securities and 1 other
2017-06-02	MOIL Limited	425.00	26.85%	Buy	335.05	Emkay
2017-06-02	BSE Metal	-	-%	Top Picks	11095.29	Emkay
2017-06-02	Power Grid Corporation of In..	225.00	9.14%	Buy	206.15	Chola Wealth Direct and 1 other
2017-06-02	Indraprastha Gas Limited	1213.00	11.50%	Hold	1087.90	Karvy and 1 other	1x Reco
2017-06-02	Gujarat State Petronet Limited	202.00	13.48%	Hold	178.00	Karvy and 1 other	2x Reco
2017-06-02	United Spirits Limited	2700.00	15.22%	Buy	2343.40	ICICI Securities Limited
2017-06-02	Talwalkars Better Value Fitn..	315.00	9.79%	Hold	286.90	ICICI Securities Limited
2017-06-02	Thermax Limited	944.00	-3.28%	Hold	976.00	ICICI Securities Limited and 1 other
2017-06-02	eClerx Services Limited	1145.00	11.79%	Sell	1298.00	ICICI Securities Limited and 1 other	1x Reco
2017-06-02	Shipping Corporation Of Indi..	60.00	22.33%	Sell	77.25	ICICI Securities Limited
2017-06-02	Siyaram Silk Mills Limited	2270.00	11.00%	Hold	2045.00	ICICI Securities Limited
2017-06-02	Solar Industries India Limited	765.00	-7.27%	Hold	825.00	ICICI Securities Limited and 1 other	1x Reco
2017-06-02	Trent Limited	290.00	17.31%	Buy	247.20	ICICI Securities Limited
2017-06-02	Aurobindo Pharma Limited	823.00	38.69%	Buy	593.40	Angel Broking and 1 other
2017-06-01	V-Guard Industries Limited	167.00	-8.12%	NEUT.	181.75	Motilal Oswal	2x Reco
2017-06-01	Voltas Limited	400.00	20.09%	Sell	500.55	Motilal Oswal	1x Reco
2017-06-01	Britannia Industries Limited	-	-%	Results Update	3575.25	Way2Wealth and 1 other	1x Reco
2017-06-01	Greenply Industries Limited	-	-%	Results Update	264.95	Way2Wealth and 1 other
2017-06-01	Natco Pharma Limited	940.00	-1.52%	ACC.	954.50	Nirmal Bang Institutional and 1 other
2017-06-01	Steel Authority of India Lim..	51.00	-10.99%	Hold	57.30	Reliance Securities and 1 other	1x Reco
2017-06-01	KNR Constructions Limited	230.00	11.35%	Buy	206.55	Reliance Securities and 1 other	1x Reco
2017-06-01	Sonata Software Limited	177.00	10.94%	Buy	159.55	Reliance Securities
2017-06-01	IRB Infrastructure Developer..	228.00	-1.77%	Buy	232.10	Emkay
2017-06-01	Larsen & Toubro(L&T) Limited	-	-%	-	1784.20	Chola Wealth Direct and 1 other	1x Reco
2017-06-01	J.Kumar Infraprojects Limited	330.00	12.57%	Buy	293.15	Prabhudas Lilladhar and 1 other
2017-06-01	Astral Poly Technik Limited	643.00	5.76%	ACC.	608.00	IDBI Capital	1x Reco
2017-06-01	Indian Terrain Fashions Limi..	243.00	22.26%	Buy	198.75	Edelweiss
2017-06-01	The Indian Hotels Company Li..	190.00	40.12%	Buy	135.60	Edelweiss and 1 other
2017-06-01	Mold-Tek Packaging Limited	309.00	14.61%	Buy	269.60	Axis Direct
2017-06-01	Bharat Forge Limited	1233.00	3.43%	Buy	1192.10	Axis Direct	1x Reco
2017-06-01	Brigade Enterprises Limited	270.00	5.88%	Buy	255.00	Axis Direct	1x Reco
2017-06-01	GAIL (India) Limited	400.00	-0.57%	Hold	402.30	Axis Direct
2017-06-01	Mahindra Holidays & Resorts ..	600.00	17.87%	Buy	509.05	Axis Direct
2017-06-01	Quess Corp Limited	820.00	-11.45%	Hold	926.00	Axis Direct
2017-06-01	Tata Motors Limited	570.00	19.11%	Buy	478.55	Axis Direct	1x Reco
2017-06-01	Tata Power Company Limited	86.00	6.37%	Hold	80.85	Axis Direct
2017-06-01	Dredging Corporation of Indi..	450.00	22.03%	Sell	577.15	ICICI Securities Limited	1x Reco
2017-06-01	EIH Limited	155.00	15.41%	Buy	134.30	ICICI Securities Limited	1x Reco
2017-06-01	Unichem Laboratories Limited	235.00	-6.71%	Hold	251.90	ICICI Securities Limited
2017-06-01	Sadbhav Engineering Limited	350.00	11.91%	Buy	312.75	ICICI Securities Limited and 1 other
2017-06-01	Info Edge (India) Limited	955.00	5.12%	Hold	908.45	ICICI Securities Limited
2017-06-01	Butterfly Gandhimathi Applia..	153.00	-6.39%	Hold	163.45	ICICI Securities Limited
2017-06-01	Cox & Kings Limited	275.00	22.71%	Hold	224.10	ICICI Securities Limited
2017-06-01	Mcleod Russel India Limited	168.00	-0.74%	Hold	169.25	ICICI Securities Limited
2017-06-01	Grindwell Norton Limited	460.00	17.35%	Buy	392.00	ICICI Securities Limited
2017-06-01	Apollo Hospitals Enterprise ..	1400.00	11.51%	Buy	1255.50	ICICI Securities Limited
2017-05-31	NRB Bearing Limited	161.00	31.97%	Buy	122.00	HDFC Securities and 1 other
2017-05-31	Mahindra & Mahindra Limited	1556.00	9.35%	Buy	1423.00	HDFC Securities and 1 other
2017-05-31	The Ramco Cements Limited	690.00	-4.09%	NEUT.	719.45	HDFC Securities and 1 other
2017-05-31	Suprajit Engineering Limited	-	-%	Buy	297.10	HDFC Securities
2017-05-31	Dynamatic Technologies Limited	2606.00	2.80%	ACC.	2535.00	Emkay
2017-05-31	Oil India Limited	363.00	20.80%	Buy	300.50	Motilal Oswal and 1 other	1x Reco 1x Reco
2017-05-31	Oil & Natural Gas Corporatio..	218.00	25.36%	Buy	173.90	IDBI Capital and 1 other	1x Reco
2017-05-31	Bharat Heavy Electricals Lim..	156.00	11.19%	Hold	140.30	IDBI Capital and 1 other
2017-05-31	PNC Infratech Limited	152.00	4.72%	Buy	145.15	Edelweiss and 1 other
2017-05-31	Finolex Industries Limited	715.00	11.48%	Buy	641.35	Edelweiss
2017-05-31	Wonderla Holidays Limited	400.00	8.40%	Hold	369.00	Axis Direct
2017-05-31	Bharat Petroleum Corporation..	717.00	-1.14%	ACC.	725.25	Nirmal Bang Institutional and 1 other	1x Reco
2017-05-31	PVR Limited	1494.00	1.98%	ACC.	1465.00	Nirmal Bang Institutional and 1 other	1x Reco
2017-05-31	Navkar Corporation Limited	229.00	5.99%	Buy	216.05	Reliance Securities	1x Reco
2017-05-31	National Buildings Construct..	195.00	-0.41%	Hold	195.80	Reliance Securities and 1 other
2017-05-31	NTPC Limited	192.00	18.26%	Buy	162.35	Reliance Securities and 1 other	1x Reco
2017-05-31	Jubilant Foodworks Limited	784.00	15.51%	Sell	927.95	Reliance Securities	1x Reco
2017-05-31	City Union Bank Limited	186.00	7.20%	Buy	173.50	Chola Wealth Direct and 1 other
2017-05-31	Bharat Electronics Limited	200.00	16.21%	Buy	172.10	Prabhudas Lilladhar	1x Reco
2017-05-31	The India Cements Limited	245.00	15.10%	Buy	212.85	ICICI Securities Limited
2017-05-31	VA Tech Wabag Limited	765.00	14.06%	Buy	670.70	ICICI Securities Limited and 1 other	1x Reco
2017-05-31	IPCA Laboratories Limited	525.00	4.33%	Hold	503.20	ICICI Securities Limited and 1 other
2017-05-31	Rupa & Company Limited	425.00	-8.20%	Buy	462.95	ICICI Securities Limited
2017-05-31	Tata Global Beverages Limited	147.00	-5.22%	Hold	155.10	ICICI Securities Limited
2017-05-31	TTK Prestige Limited	5475.00	17.93%	Sell	6671.25	ICICI Securities Limited
2017-05-31	Tech Mahindra Limited	533.00	33.35%	Buy	399.70	Angel Broking and 1 other
2017-05-31	Alkem Laboratories Limited	2161.00	9.29%	Buy	1977.30	Angel Broking and 1 other	1x Reco 1x Reco
2017-05-30	Coal India Limited	316.00	17.56%	Buy	268.80	Motilal Oswal and 1 other	1x Reco
2017-05-30	Jagran Prakashan Limited	225.00	26.05%	Buy	178.50	Motilal Oswal
2017-05-30	Siti Cable Network Limited	36.00	30.43%	NEUT.	27.60	Motilal Oswal
2017-05-30	Fortis Healthcare Limited	240.00	24.35%	Buy	193.00	Motilal Oswal
2017-05-30	Parag Milk Foods Limited	245.00	4.28%	NEUT.	234.95	Motilal Oswal
2017-05-30	Indian Oil Corporation Limited	396.00	4.46%	Sell	414.50	Nirmal Bang Institutional and 1 other	1x Reco
2017-05-30	V.S.T Tillers Tractors Limited	2341.00	21.61%	Buy	1925.00	Nirmal Bang Institutional and 1 other
2017-05-30	Repco Home Finance Limited	878.00	11.01%	Buy	790.90	Chola Wealth Direct	1x Reco
2017-05-30	Sun Pharmaceuticals Industri..	604.00	17.33%	Buy	514.80	Chola Wealth Direct and 1 other	2x Reco
2017-05-30	CUPID LTD.	390.00	35.65%	Buy	287.50	BOB Capital Markets Ltd.
2017-05-30	WABCO India Limited	6005.00	4.93%	ACC.	5723.05	Prabhudas Lilladhar
2017-05-30	Cipla Limited	507.00	-4.10%	Hold	528.65	IDBI Capital	2x Reco
2017-05-30	Hindustan Petroleum Corporat..	535.00	0.39%	Sell	537.10	IDBI Capital	1x Reco
2017-05-30	Nava Bharat Ventures Limited	161.00	13.62%	Buy	141.70	IDBI Capital
2017-05-30	Sudarshan Chemical Industrie..	409.00	9.67%	Buy	372.95	Edelweiss
2017-05-30	Jamna Auto Industries Limited	270.00	4.65%	Hold	258.00	Edelweiss	1x Reco
2017-05-30	Cadila Healthcare Limited	420.00	-15.07%	Hold	494.55	ICICI Securities Limited and 1 other	1x Reco
2017-05-30	Varun Beverages Ltd	-	-%	Mgmt Note	510.35	ICICI Securities Limited
2017-05-30	Container Corporation of Ind..	1370.00	17.94%	Buy	1161.60	ICICI Securities Limited
2017-05-30	Hindustan Zinc Limited	300.00	26.21%	Buy	237.70	ICICI Securities Limited	2x Reco 2x Reco
2017-05-29	DLF Limited	192.00	9.46%	NEUT.	175.40	HDFC Securities	1x Reco
2017-05-29	Birla Corporation Limited	1005.00	12.80%	Buy	890.95	HDFC Securities
2017-05-29	Torrent Pharmaceuticals Limi..	1525.00	25.75%	Buy	1212.75	HDFC Securities and 1 other	1x Reco
2017-05-29	Divi's Laboratories Limited	705.00	14.01%	Buy	618.35	HDFC Securities and 1 other	1x Reco
2017-05-29	ITC Limited	351.00	9.98%	NEUT.	319.15	HDFC Securities and 1 other	1x Reco
2017-05-29	CCL Products (India) Limited	-	-%	Results Update	282.35	Way2Wealth	1x Reco
2017-05-29	Vaibhav Global Limited	608.00	14.73%	Hold	529.95	Nirmal Bang
2017-05-29	Navneet Education Limited	226.00	25.45%	Buy	180.15	Motilal Oswal and 1 other
2017-05-29	Alkyl Amines Chemicals Limited	466.00	20.73%	Buy	386.00	BOB Capital Markets Ltd.
2017-05-29	EPC INDUSTRIE LTD.	204.00	14.13%	Buy	178.75	BOB Capital Markets Ltd.
2017-05-29	PREMIER EXPLOSIVES LTD.	625.00	27.03%	Buy	492.00	Rudra Ltd
2017-05-29	Sanghi Industries Limited	105.00	27.43%	Buy	82.40	Edelweiss
2017-05-29	Kirloskar Brothers Limited	308.00	18.67%	Buy	259.55	Edelweiss
2017-05-29	SP Apparels	550.00	30.95%	Buy	420.00	Edelweiss
2017-05-29	Manappuram Finance Limited	118.00	32.73%	Buy	88.90	Edelweiss and 1 other
2017-05-29	Granules India Limited	-	-%	-	140.80	Edelweiss
2017-05-29	Essel Propack Limited	284.00	9.23%	Buy	260.00	Axis Direct	1x Reco
2017-05-29	Dilip Buildcon Limited	485.00	11.80%	Buy	433.80	Axis Direct	1x Reco
2017-05-29	Bajaj Auto Limited	3252.00	14.26%	Hold	2846.10	Axis Direct	1x Reco
2017-05-29	Dhanuka Agritech Limited	915.00	3.72%	Buy	882.15	Axis Direct	1x Reco
2017-05-29	EID Parry India Limited	420.00	28.01%	Buy	328.10	Axis Direct
2017-05-29	Kajaria Ceramics Limited	605.00	14.81%	Sell	710.20	Axis Direct
2017-05-29	Motherson Sumi Systems Limited	525.00	16.24%	Buy	451.65	Axis Direct
2017-05-29	Punjab National Bank	-	-%	Results Update	152.85	Axis Direct	2x Reco
2017-05-29	Strides Shasun	1250.00	30.88%	Buy	955.05	Axis Direct
2017-05-29	Gabriel India Limited	143.00	7.72%	Buy	132.75	Axis Direct
2017-05-29	Salzer Electronics Limited	210.00	9.86%	Hold	191.15	Axis Direct
2017-05-29	Geojit Financial Services Li..	70.00	-12.28%	NEUT.	79.80	Chola Wealth Direct
2017-05-29	TV Today Network Limited	315.00	17.54%	Buy	268.00	ICICI Securities Limited
2017-05-29	Timken India Limited	700.00	2.94%	Hold	680.00	ICICI Securities Limited
2017-05-29	Sun TV Network Limited	920.00	10.19%	Buy	834.95	ICICI Securities Limited
2017-05-29	Maharashtra Seamless Limited	360.00	7.56%	Hold	334.70	ICICI Securities Limited
2017-05-29	Balkrishna Industries Limited	1670.00	6.99%	Buy	1560.85	ICICI Securities Limited and 1 other
2017-05-28	Crompton Greaves Limited	95.00	13.37%	NEUT.	83.80	HDFC Securities	1x Reco
2017-05-28	National Aluminium Company L..	65.00	-0.84%	NEUT.	65.55	Motilal Oswal	1x Reco

The Baseline

28 May 2017

Stock research reports for the week: May 20 -28

Over 100 stock reports have landed this week, with reports from HDFC Securities, Axis Direct, ICICI Securities and more. Stock pick of the week from analysts is PI Industries, which posted strong results for Q4 with a net profit growth of 40%+.

Share price of the company has been trending up since the Q4 numbers came out. Since the results PIIND stock has received buy calls from three analysts, with current upside as of this writing at 15%+.

Date	Stock	Target	Upside (%)	Type	CMP	Broker	Change in past 6M
2017-05-26	AIA Engineering Limited	1600.00	15.59%	Buy	1384.25	HDFC Securities and 1 other
2017-05-26	Cipla Limited	495.00	0.69%	NEUT.	491.60	HDFC Securities and 1 other	2x Reco
2017-05-26	Lupin Limited	1800.00	61.89%	Buy	1111.90	HDFC Securities and 1 other
2017-05-26	Lumax Industries Limited	1603.00	14.01%	ACC.	1406.00	CD Equisearch and 1 other
2017-05-26	Amara Raja Batteries Limited	980.00	13.08%	Buy	866.65	IDBI Capital and 1 other	1x Reco
2017-05-26	Manappuram Finance Limited	120.00	32.23%	Buy	90.75	Nirmal Bang Institutional
2017-05-26	Voltas Limited	495.00	-0.72%	ACC.	498.60	Nirmal Bang Institutional and 1 other	1x Reco
2017-05-26	Phillips Carbon Black Limited	550.00	29.43%	Buy	424.95	ICICI Securities Limited
2017-05-26	Oriental Carbon & Chemicals ..	1125.00	18.43%	Buy	949.95	ICICI Securities Limited
2017-05-26	Gujarat State Petronet Limited	175.00	2.76%	Hold	170.30	ICICI Securities Limited and 1 other	1x Reco
2017-05-26	HeidelbergCement India Limited	145.00	11.93%	Hold	129.55	ICICI Securities Limited
2017-05-26	Page Industries Limited	12500.00	12.84%	Sell	14341.00	ICICI Securities Limited and 1 other
2017-05-26	NMDC Limited	120.00	2.87%	Hold	116.65	ICICI Securities Limited and 1 other
2017-05-26	Bharat Forge Limited	1300.00	14.82%	Buy	1132.25	ICICI Securities Limited and 1 other	1x Reco
2017-05-26	Somany Ceramics Limited	885.00	13.23%	Hold	781.60	ICICI Securities Limited
2017-05-26	Adani Ports and Special Econ..	-	-%	Not Rated	346.95	ICICI Securities Limited	1x Reco
2017-05-25	Jamna Auto Industries Limited	264.00	10.65%	Buy	238.60	HDFC Securities
2017-05-25	Sanghi Industries Limited	98.00	24.76%	Buy	78.55	HDFC Securities and 1 other
2017-05-25	Subros Limited	294.00	16.41%	Not Rated	252.55	HDFC Securities
2017-05-25	Prism Cement Limited	138.00	15.34%	Buy	119.65	Motilal Oswal
2017-05-25	Indian Oil Corporation Limited	457.00	7.19%	NEUT.	426.35	Motilal Oswal	1x Reco
2017-05-25	Bosch Limited	23287.00	-1.35%	NEUT.	23605.85	Motilal Oswal
2017-05-25	PI Industries Limited	952.00	15.96%	Buy	821.00	Motilal Oswal and 1 other
2017-05-25	Hindustan Unilever Limited (..	1165.00	11.94%	Buy	1040.70	Motilal Oswal and 1 other	2x Reco
2017-05-25	KEC International Limited	279.00	9.69%	Buy	254.35	Reliance Securities and 1 other	2x Reco
2017-05-25	Minda Industries Limited	629.00	5.56%	Hold	595.85	Nirmal Bang and 1 other	1x Reco
2017-05-25	SRF Limited	1703.00	2.44%	Hold	1662.45	Edelweiss and 1 other
2017-05-25	Bajaj Finance Limited	1220.00	-7.40%	Hold	1317.55	Axis Direct	1x Reco
2017-05-25	Bajaj Finserv Limited	-	-%	Results Update	4005.95	Axis Direct
2017-05-25	Dilip Buildcon Limited	610.00	38.35%	Buy	440.90	Axis Direct	1x Reco
2017-05-25	Gateway Distriparks Limited	280.00	15.13%	Buy	243.20	Axis Direct
2017-05-25	Gulf Oil Lubricants India Li..	860.00	9.10%	Buy	788.25	Axis Direct
2017-05-25	JK Lakshmi Cement Limited	508.00	5.76%	Hold	480.35	Axis Direct	3x Reco
2017-05-25	JSW Steel Limited	263.00	32.06%	Buy	199.15	Axis Direct	1x Reco 1x Reco
2017-05-25	Jyothy Laboratories Limited	360.00	-2.85%	Hold	370.55	Axis Direct and 1 other	2x Reco
2017-05-25	Oracle Financial Services So..	3425.00	-3.58%	Hold	3552.20	Axis Direct
2017-05-25	Tata Steel Limited	576.00	12.54%	Buy	511.80	Axis Direct	2x Reco
2017-05-25	Tube Investments of India Li..	840.00	23.71%	Buy	679.00	Axis Direct
2017-05-25	Karur Vysya Bank Limited	132.00	12.10%	Buy	117.75	Axis Direct and 1 other
2017-05-25	Entertainment Network (India..	743.00	-1.59%	ACC.	755.00	Emkay and 1 other
2017-05-25	Essel Propack Limited	254.00	-4.26%	Hold	265.30	Emkay and 1 other	1x Reco
2017-05-25	Dish TV India Limited	91.00	4.54%	ACC.	87.05	Emkay and 1 other	1x Reco
2017-05-25	Engineers India Limited (EIL)	182.00	15.01%	Buy	158.25	ICICI Securities Limited and 1 other
2017-05-25	Gujarat Gas Limited	805.00	7.33%	Hold	750.00	ICICI Securities Limited and 1 other	1x Reco
2017-05-25	Century Plyboards (India) Li..	325.00	25.48%	Buy	259.00	ICICI Securities Limited
2017-05-25	Wonderla Holidays Limited	460.00	23.82%	Buy	371.50	ICICI Securities Limited
2017-05-24	Tata Motors Limited	542.00	12.74%	Buy	480.75	HDFC Securities and 1 other	1x Reco
2017-05-24	NRB Bearing Limited	161.00	28.80%	Buy	125.00	HDFC Securities
2017-05-24	NCC Limited	96.00	9.84%	NEUT.	87.40	HDFC Securities and 1 other	1x Reco
2017-05-24	Bayer Cropscience Limited	4625.00	8.04%	Hold	4281.00	Emkay
2017-05-24	Prabhat Dairy Limited	145.00	26.36%	Buy	114.75	Emkay
2017-05-24	GAIL (India) Limited	427.00	6.39%	ACC.	401.35	IDBI Capital and 1 other
2017-05-24	JMC Projects (India) Limited	286.00	4.23%	Hold	274.40	Edelweiss	1x Reco
2017-05-24	KCP Limited	126.00	11.95%	ACC.	112.55	Nirmal Bang Institutional	1x Reco
2017-05-24	CCL Products (India) Limited	374.00	28.90%	Buy	290.15	Nirmal Bang Institutional	1x Reco
2017-05-24	SHAILY ENGINEERING PLASTICS ..	768.00	18.37%	Buy	648.80	Nirmal Bang Institutional
2017-05-24	Jubilant Life Sciences Limited	806.00	13.59%	ACC.	709.55	Prabhudas Lilladhar and 1 other
2017-05-24	Jindal Steel & Power Limited	175.00	40.34%	Buy	124.70	Prabhudas Lilladhar	1x Reco
2017-05-24	Maithan Alloys Limited	-	-%	Mgmt Note	428.20	ICICI Securities Limited
2017-05-24	Balaji Telefilms Limited	-	-%	Mgmt Note	111.90	ICICI Securities Limited
2017-05-23	Brigade Enterprises Limited	288.00	14.90%	NEUT.	250.65	HDFC Securities	1x Reco
2017-05-23	Deccan Cements Limited	1468.00	26.16%	Buy	1163.60	HDFC Securities
2017-05-23	Allcargo Logistics Limited	228.00	27.73%	Buy	178.50	Motilal Oswal and 1 other
2017-05-23	TD Power Systems Limited	-	-%	Not Rated	217.15	Nirmal Bang Institutional
2017-05-23	V-Guard Industries Limited	187.00	2.05%	ACC.	183.25	Nirmal Bang Institutional and 1 other	2x Reco
2017-05-23	Srikalahasthi Pipes Limited	386.00	15.02%	Buy	335.60	Reliance Securities
2017-05-23	Pidilite Industries Limited	874.00	14.54%	Buy	763.05	Reliance Securities and 1 other
2017-05-23	Kalpataru Power Transmission..	397.00	15.74%	Buy	343.00	Reliance Securities and 1 other
2017-05-23	Punjab National Bank	167.00	10.63%	Hold	150.95	Reliance Securities and 1 other	2x Reco
2017-05-23	Bank of Baroda	207.00	15.13%	Buy	179.80	Reliance Securities and 1 other	1x Reco
2017-05-23	State Bank of India	355.00	23.07%	Buy	288.45	Reliance Securities and 1 other
2017-05-23	GlaxoSmithKline Pharmaceutic..	-	-%	Results Update	2361.15	Angel Broking
2017-05-23	Cummins India Limited	1132.00	19.79%	Buy	945.00	IDBI Capital	1x Reco
2017-05-23	NIIT Limited	135.00	54.37%	Buy	87.45	Edelweiss
2017-05-23	JK Cement Limited	1025.00	-5.63%	Hold	1086.10	Axis Direct	1x Reco
2017-05-23	Colgate Palmolive (India) Li..	900.00	-9.90%	Hold	998.85	Axis Direct	1x Reco
2017-05-23	Bata India Limited	630.00	17.32%	Buy	537.00	Axis Direct	1x Reco
2017-05-23	Whirlpool of India Limited	1170.00	-0.72%	Hold	1178.50	Axis Direct
2017-05-23	Vedanta (Sesa Sterlite Limit..	278.00	14.78%	Buy	242.20	Axis Direct	1x Reco
2017-05-23	Vaibhav Global Limited	-	-%	Results Update	510.00	Axis Direct
2017-05-23	Huhtamaki PPL Limited	304.00	26.14%	Buy	241.00	CD Equisearch	1x Reco
2017-05-23	Triveni Turbine Limited	147.00	7.53%	Hold	136.70	Karvy and 1 other
2017-05-23	Emmbi Industries Limited	205.00	2.81%	Buy	199.40	ICICI Securities Limited
2017-05-22	Chambal Fertilizers & Chemic..	120.00	-2.12%	NEUT.	122.60	HDFC Securities	1x Reco
2017-05-22	Larsen & Toubro(L&T) Infotech	880.00	11.10%	Buy	792.05	HDFC Securities
2017-05-22	Suzlon Energy Limited	25.00	26.26%	Buy	19.80	HDFC Securities
2017-05-22	CESC Limited	1069.00	19.06%	Buy	897.85	HDFC Securities	1x Reco
2017-05-22	Tata Power Company Limited	67.00	17.23%	Sell	80.95	Motilal Oswal
2017-05-22	Cholamandalam Investment and..	1140.00	11.78%	Buy	1019.85	Axis Direct	1x Reco
2017-05-22	Bajaj Auto Limited	3035.00	8.00%	ACC.	2810.15	Nirmal Bang Institutional and 1 other	1x Reco
2017-05-22	CLARIS LIFESCIENCES LTD.	480.00	48.10%	Buy	324.10	Nirmal Bang Institutional
2017-05-22	Muthoot Finance Limited	535.00	34.24%	Buy	398.55	Nirmal Bang Institutional
2017-05-22	Take Solutions Limited	163.00	35.21%	Buy	120.55	Karvy	1x Reco
2017-05-22	FIBERWEB (INDIA) LTD.	398.00	19.16%	Buy	334.00	BOB Capital Markets Ltd.
2017-05-22	VRL Logistics Ltd	335.00	7.03%	ACC.	313.00	Prabhudas Lilladhar	1x Reco
2017-05-22	Larsen & Toubro(L&T) Limited	-	-%	Buy	1787.25	Prabhudas Lilladhar
2017-05-22	Shree Pushkar Chemicals & Fe..	245.00	13.95%	Buy	215.00	ICICI Securities Limited
2017-05-22	Motherson Sumi Systems Limited	450.00	0.67%	Hold	447.00	ICICI Securities Limited
2017-05-22	HT Media Limited	75.00	-8.37%	Hold	81.85	ICICI Securities Limited
2017-05-22	Pitti Laminations Limited	50.00	11.97%	Sell	56.80	ICICI Securities Limited
2017-05-22	Graphite India Limited	105.00	-7.98%	Hold	114.10	ICICI Securities Limited
2017-05-22	United Breweries Limited	820.00	4.42%	Hold	785.30	ICICI Securities Limited	2x Reco

The Baseline

27 May 2017

Results Dashboard: Optimism rules in Indian markets as Q4 sees some big winners

Many companies have delivered strong results this Q4 - our results dashboard shows that out of the declared Q4 results, 523 were positive and 384 negative. Companies saw a total revenue growth of 8.8% and total operating profit growth of 16.7% YoY.

The top industries in terms of net profit growth year on year for Q4 have been Fertilizers and Banks. Companies such as National Fertilizers recorded strong growth in Q4 in the fertilizer industry. Among Banks, DCB Bank topped the list of banks in revenue growth, while Federal Bank was top in net profit growth (both YoY)

The biggest winner among industries in terms of revenue growth has been Other Agri Products - which include companies such as Gujarat Ambuja Exports and Agro Tech Foods. Four out of six companies in this industry saw positive results. Industrial Machinery is yet another industry that has been an outperformer - among whom are companies like GMM Pfaulder, which has delivered its investors with an 84% increase in returns on share price over the last year.

The Sensex has as a result, seen a strong upswing with investors having realized that the demonetization impact played itself out in Q3, without significant long-term effects. In addition, a weakening El Nino indicates that the monsoons will be better than expected, boosting rural demand and agri growth in the coming quarters.

The Baseline

24 May 2017

Trouble for Adani in Australia, SBI to sell bad loans in effort to bring down NPAs

The Adani Group may have to abandon its $16.5 billion Carmichael coal project in Australia - which has been delayed multiple times since 2010 over environmental issues and clearances - unless a royalties deal can be reached with the state government, according to an Australian Minister. The Queensland government has stalled on and so far failed to to agree on the specific terms of the royalties and taxes for the mine. Adani, which was due to make a final investment decision on May 29, is deferring the decision until it gets clarity.

State Bank of India (SBI) has put up for sale bad loans worth Rs 1,471.47 crore, offering these to Asset Reconstruction Companies and financial institutions.The bidding process is expected to take place on 9 June. SBI's most significant exposure is to Adhunik Power & Natural Resources, where banks have converted their debt into equity under the Reserve Bank of India’s (RBI) strategic debt restructuring. With Adhunik, SBI has an outstanding exposure of Rs 806.69 crore in the form of debt and Rs 199.57 crore as equity.

Stock in spotlight: Midcap Escorts Limited, whose share price has gained over 240% in the past one year.

Photo of the day: Participants take part in the extreme water sports festival in the Black Sea. TASS/Barcroft Images

The Baseline

23 May 2017

India, the world's largest oil consumer, looking into investing in Saudi Arabia's Aramco IPO

India, hoping to strengthen ties with Saudi Arabia, the world's biggest oil producer, may become a cornerstone investor in Saudi Aramco when it goes IPO next year, according to India's Oil Ministry. Such an investment would be done by India's state oil refiners.

Aramco plans to list 5% of its stocks next year and hopes to raise as much as $100 billion via the IPO. The proceeds would be used in exploration, extraction and continued development of existing fields.

India is currently the world's largest oil consumer. Aramco is said to be interested in the joint venture to strengthen its ties with India. Oil minister Dharmendra Pradhan has told Reuters the purchase of a stake in Aramco could also help Indian state refiners progress on setting up a refining venture with Aramco inside Saudi Arabia.

The Baseline

22 May 2017

L&T, Ashok Leyland to benefit from updated defence policy

In a boost to Indian firms such as Larsen & Toubro (L&T) and Ashok Leyland, the Indian government says it has finalized a policy where private firms will be roped in to build military vehicles and carriers, including submarines and fighter jets, in partnership with foreign firms.This ”strategic partnership (SP) model” hopes to rapidly scale up India's defence manufacturing ecosystem, with the help of major Indian companies. The government also plans to invite the involvement of the micro, small and medium enterprises (MSME) sector.

Aditya Birla group’s Ultratech Cement’s Rs 16,189 crore acquisition of debt-laden Jaiprakash Associates' cement division is expected to be completed soon, according to the firm. The purchase is set to increase Ultracemco's cement capacity including its overseas production to 95 million tonnes per annum.

Stock in spotlight: Mphasis Limited, which is among the top gainers in share price among midcap stocks today.

Photo of the day: Tea workers carry sacks of tea at the Durgabari Tea Estate in Assam. Jayanta Dey/Reuters

The Baseline

22 May 2017

Stock reports for the week: May 16 - 21

Over 100 stock reports have landed this week, with reports from Axis Direct, HDFC Securities, Edelweiss and more. Stock pick of the week is the mid-sized bank The South Indian Bank which has received multiple upgrades from analysts after a strong Q4 result performance.

Date	Stock	Target	Upside (%)	Type	CMP	Broker	Change in past 6M
2017-05-19	Bajaj Auto Limited	3400.00	14.13%	Buy	2979.00	HDFC Securities and 1 other
2017-05-19	UFO Moviez India	690.00	63.51%	Buy	422.00	IDBI Capital
2017-05-19	Dilip Buildcon Limited	620.00	30.46%	Buy	475.25	Edelweiss and 1 other	1x Reco
2017-05-19	Bank of Baroda	140.00	25.75%	Sell	188.55	Nirmal Bang Institutional and 1 other
2017-05-19	JK Cement Limited	1491.00	33.95%	Buy	1113.10	Nirmal Bang Institutional and 1 other	1x Reco
2017-05-19	JK Lakshmi Cement Limited	414.00	12.10%	Sell	471.00	Nirmal Bang Institutional and 1 other	3x Reco
2017-05-19	Mangalore Refinery and Petro..	150.00	12.07%	Hold	133.85	ICICI Securities Limited and 1 other
2017-05-19	Taj GVK Hotels & Resorts Lim..	188.00	15.34%	Buy	163.00	ICICI Securities Limited
2017-05-19	Sobha Limited	450.00	11.94%	Hold	402.00	ICICI Securities Limited and 1 other	1x Reco
2017-05-19	Hero MotoCorp Limited	3975.00	11.61%	Buy	3561.60	ICICI Securities Limited and 1 other	1x Reco
2017-05-19	Bajaj Finserv Limited	4900.00	16.94%	Buy	4190.10	ICICI Securities Limited
2017-05-19	D.B.Corp Limited	395.00	7.38%	Hold	367.85	ICICI Securities Limited	1x Reco
2017-05-19	JSW Steel Limited	215.00	11.08%	Hold	193.55	ICICI Securities Limited and 1 other	1x Reco 1x Reco
2017-05-19	Kajaria Ceramics Limited	725.00	7.26%	Hold	675.95	ICICI Securities Limited
2017-05-18	Gulf Oil Corporation Limited	760.00	80.95%	NEUT.	420.00	HDFC Securities
2017-05-18	DCB BANK LIMITED	221.00	15.68%	Buy	191.05	HDFC Securities
2017-05-18	Hindustan Unilever Limited (..	1140.00	13.15%	Buy	1007.55	HDFC Securities and 1 other	2x Reco
2017-05-18	United Breweries Limited	830.00	-7.11%	Sell	774.90	Motilal Oswal	1x Reco
2017-05-18	CESC Limited	1040.00	18.48%	Buy	877.80	Motilal Oswal and 1 other
2017-05-18	Jyothy Laboratories Limited	390.00	-4.70%	Sell	372.50	Motilal Oswal	1x Reco
2017-05-18	Gateway Distriparks Limited	310.00	26.25%	Buy	245.55	Motilal Oswal
2017-05-18	Gabriel India Limited	151.00	16.69%	Buy	129.40	Nirmal Bang Institutional and 1 other
2017-05-18	Credit Analysis And Research..	1689.00	14.93%	ACC.	1469.65	Nirmal Bang Institutional and 1 other	1x Reco
2017-05-18	Dishman Pharmaceuticals and ..	387.00	31.16%	Buy	295.05	Nirmal Bang Institutional
2017-05-18	Bajaj Finance Limited	1265.00	-2.05%	NEUT.	1291.50	Chola Wealth Direct and 1 other
2017-05-18	Shree Cements Limited	17351.00	6.97%	Sell	18650.00	IDBI Capital and 1 other	1x Reco
2017-05-18	Granules India Limited	228.00	53.23%	Buy	148.80	Edelweiss and 1 other
2017-05-18	Dr. Reddy's Laboratories Lim..	2450.00	-7.76%	Hold	2656.05	Axis Direct and 1 other	1x Reco 1x Reco
2017-05-18	Glenmark Pharmaceuticals Lim..	900.00	36.39%	Buy	659.85	Axis Direct and 1 other	1x Reco
2017-05-18	GlaxoSmithKline Consumer Hea..	5950.00	12.48%	Buy	5290.00	Axis Direct	1x Reco
2017-05-18	Varun Beverages Ltd	545.00	10.48%	Buy	493.30	Axis Direct
2017-05-18	WESTLIFE DEVELOPMENT LTD.	250.00	17.15%	Buy	213.40	Axis Direct
2017-05-18	Atul Limited	3033.00	20.45%	ACC.	2518.00	CD Equisearch
2017-05-18	Gulf Oil Lubricants India Li..	825.00	8.27%	Hold	762.00	ICICI Securities Limited
2017-05-18	Bata India Limited	585.00	7.15%	Hold	545.95	ICICI Securities Limited and 1 other	1x Reco
2017-05-18	Gandhi Special Tubes Limited	335.00	1.21%	Hold	331.00	ICICI Securities Limited
2017-05-18	JK Tyre & Industries Limited	215.00	23.07%	Buy	174.70	ICICI Securities Limited
2017-05-18	Tata Steel Limited	550.00	12.38%	Hold	489.40	ICICI Securities Limited and 1 other	1x Reco
2017-05-17	PI Industries Limited	950.00	17.28%	Buy	810.00	HDFC Securities	1x Reco
2017-05-17	Lumax Auto Technologies Limi..	681.00	37.58%	Buy	495.00	HDFC Securities
2017-05-17	PSP Projects Ltd IPO	-	-%	IPO Note	-	Nirmal Bang and 1 other
2017-05-17	IndiGrid InvIT Fund IPO	-	-%	IPO Subscribe	-	Angel Broking and 1 other
2017-05-17	Nilkamal Limited	2265.00	14.02%	Hold	1986.45	IDBI Capital
2017-05-17	Indo Count Industries Limited	228.00	17.25%	Buy	194.45	IDBI Capital and 1 other
2017-05-17	Voltamp Transformers Limited	1545.00	19.60%	Buy	1291.80	Edelweiss
2017-05-17	GMM PFAUDLER LTD.	662.00	14.93%	Buy	576.00	Axis Direct
2017-05-17	The Phoenix Mills Limited	528.00	31.18%	Buy	402.50	Axis Direct
2017-05-17	HCL Technologies Limited	902.00	6.63%	Hold	845.95	Axis Direct and 1 other	1x Reco
2017-05-17	Havells India Limited	-	-%	Results Update	484.75	Axis Direct and 1 other	4x Reco
2017-05-17	Endurance Technologies Ltd	953.00	20.02%	Buy	794.05	Axis Direct	1x Reco
2017-05-17	Dalmia Bharat Limited	3044.00	25.38%	Buy	2427.80	Axis Direct
2017-05-17	Arvind Limited	419.00	11.24%	Hold	376.65	Axis Direct	2x Reco
2017-05-17	The South Indian Bank Limited	30.00	14.29%	Buy	26.25	Chola Wealth Direct and 1 other	2x Reco
2017-05-17	Vinati Organics Limited	957.00	14.75%	Buy	834.00	Chola Wealth Direct and 1 other
2017-05-17	Vardhman Textiles Limited	1240.00	-3.88%	Hold	1290.10	ICICI Securities Limited
2017-05-17	Symphony Limited	1623.00	14.47%	Buy	1417.85	ICICI Securities Limited
2017-05-17	Vedanta (Sesa Sterlite Limit..	260.00	13.02%	Hold	230.05	ICICI Securities Limited and 1 other	1x Reco
2017-05-17	Punjab National Bank	160.00	2.96%	Hold	155.40	ICICI Securities Limited
2017-05-16	Atul Auto Limited	528.00	22.85%	Buy	429.80	HDFC Securities and 1 other	1x Reco
2017-05-16	Colgate Palmolive (India) Li..	992.00	-2.22%	NEUT.	1014.55	HDFC Securities and 1 other	1x Reco
2017-05-16	Balaji Amines Limited	485.00	28.65%	Buy	377.00	Nirmal Bang
2017-05-16	Mangalam Cement Limited	375.00	6.56%	ACC.	351.90	Nirmal Bang Institutional and 1 other
2017-05-16	Quick Heal Technologies Limi..	330.00	51.06%	Buy	218.45	Edelweiss
2017-05-16	Bharti Airtel Limited	325.00	12.76%	Sell	372.55	Axis Direct	2x Reco
2017-05-16	Capital First Limited	920.00	32.05%	Buy	696.70	Axis Direct
2017-05-16	Carborundum Universal Limited	353.00	18.60%	Buy	297.65	Axis Direct	1x Reco
2017-05-16	Elgi Equipments Limited	240.00	16.87%	Hold	205.35	Axis Direct
2017-05-16	InterGlobe Aviation Limited	1318.00	23.41%	Buy	1068.00	Axis Direct
2017-05-16	Zee Entertainment Enterprise..	580.00	13.58%	Buy	510.65	Axis Direct
2017-05-16	Firstsource Solutions Limited	44.00	21.38%	Buy	36.25	Karvy and 1 other
2017-05-16	FORCE MOTORS LTD.	4800.00	8.78%	Hold	4412.50	Karvy
2017-05-16	The Jammu & Kashmir Bank Lim..	95.00	12.16%	Buy	84.70	ICICI Securities Limited and 1 other	1x Reco
2017-05-16	Blue Dart Express Limited	5500.00	27.81%	Buy	4303.15	ICICI Securities Limited
2017-05-16	D-Link (India) Limited	140.00	27.33%	Buy	109.95	ICICI Securities Limited
2017-05-15	Skipper Limited	223.00	11.08%	Buy	200.75	HDFC Securities
2017-05-15	Gujarat Mineral Development ..	160.00	17.22%	Buy	136.50	HDFC Securities
2017-05-15	Mahindra CIE Automotive Limi..	308.00	24.22%	Buy	247.95	Rudra Ltd
2017-05-15	Asian Paints Limited	-	-%	Results Update	1122.20	SMC online and 1 other	1x Reco
2017-05-15	Siemens Limited	1355.00	-1.52%	NEUT.	1375.85	Motilal Oswal and 1 other
2017-05-15	Idea Cellular Limited	110.00	25.14%	Buy	87.90	Motilal Oswal and 1 other	1x Reco
2017-05-15	Aditya Birla Fashion and Ret..	225.00	33.61%	Buy	168.40	Edelweiss
2017-05-15	Coromandel International Lim..	430.00	5.15%	Buy	408.95	Axis Direct
2017-05-15	Exide Industries Limited	248.00	4.29%	Hold	237.80	Axis Direct	1x Reco
2017-05-15	Godrej Properties Limited	486.00	-5.07%	Hold	511.95	Axis Direct
2017-05-15	Housing Development Finance ..	1850.00	21.61%	Buy	1521.30	Axis Direct
2017-05-15	ICICI Bank Limited	350.00	13.97%	Buy	307.10	Axis Direct	2x Reco
2017-05-15	Multi Commodity Exchange of ..	1397.00	40.96%	Buy	991.05	Axis Direct
2017-05-15	Shriram City Union Finance L..	2420.00	13.62%	Buy	2130.00	Axis Direct
2017-05-15	Eicher Motors Limited	30504.00	9.32%	Buy	27903.55	Axis Direct	1x Reco
2017-05-15	L&T Finance Holdings Limited	155.00	22.19%	Buy	126.85	Axis Direct
2017-05-15	Canara Bank	390.00	6.17%	Hold	367.35	Axis Direct
2017-05-15	Equitas Holdings Limited	190.00	20.25%	Buy	158.00	Axis Direct
2017-05-15	Shoppers Stop Limited	450.00	34.49%	Buy	334.60	Axis Direct	1x Reco
2017-05-15	Indraprastha Gas Limited	1097.00	10.08%	Buy	996.55	Axis Direct
2017-05-15	Infosys Limited	887.00	7.40%	Sell	957.90	Nirmal Bang Institutional
2017-05-15	ICRA Limited	4027.00	-5.25%	ACC.	4250.00	Nirmal Bang Institutional
2017-05-15	Nestle India Limited	5551.00	14.99%	Sell	6530.00	Reliance Securities and 1 other	1x Reco 1x Reco
2017-05-15	Titan Company Limited	481.00	2.10%	Hold	471.10	Reliance Securities and 1 other	2x Reco
2017-05-15	Blue Star Limited	667.00	-3.15%	Sell	646.65	Emkay	1x Reco
2017-05-15	Petronet LNG Limited	474.00	5.77%	Hold	448.15	Karvy	1x Reco
2017-05-15	Ador Welding Limited	356.00	8.87%	Hold	327.00	Karvy