Results tracker 21.10.11

Results Tracker Friday, 21 Oct 2011
make more, for sure.
Q2FY12

Results to be Declared on 21st Oct 2011
COMPANIES NAME
3I Infotech Federal Bank Jaihind Syn Panacea Bio Tata Metaliks
Acrow India Finolex Inds JSW Steel Panasonic Ener Teknomin Aqua
Action Fin Foseco India Kalyanpur Cem Parrys Sugar Texmaco
Aditya Birla Chem Geometric Kansai Nerolac Pentamedia Grap Texmaco Rail & Engg
Aksh Optifibre GIC Housing Kirloskar Ferro Polyspin Expo Thana Electric
AKZOINDIA Godrej Cons Kirloskar Oil Engines Popular Est Thomas Cook
Alfa Laval GODREJ PROP L&T Precision Cont Timbor Home
Arvind Graviss Hospitality Lanco Inds PVR Times Guaranty
Asian Paints Greaves Cotton Landmarc Leis Quintegra Sol Transcorp Intl
Atul GS Auto Mackinnon Mack Rane Madras Uniphos Enter
AV Cottex Gujarat Fluo Madhusudan Sec Rashtriya Chem United Phos
Betala Global Gujarat Inds Mahindra Compo Ravalgaon Sugar Uttam Galva
Blue Blend Fin Gujarat Lease Makers Lab Religare Tech Vadilal Enter
Blue Dart Hilton Metal Modern Share Revathi Equip Vadilal Inds
Can Fin Homes Hindustan Const National Oxygen Salora Intl VAS Infra
Capital Trust HT Media Next Mediaworks Sequent Scientific Walchand People
Choksi Imaging Idea Cellular NIIT Shoppers Stop Yashraj Cont
Clariant Chem Indiabulls Fin Nivi Trading Simmonds Marshall Zensar Tech
DB Intl Stock Ingersoll Rand NOCIL Sumeru Inds Zodiac JRD MKJ
Dunlop India Investment & Prec Onward Tech Supreme Inds
Essel Propack ION Exchange Oriental Carbon Swastik Safe

Results Announced on 20th Oct 2011 (Rs Million)
Bajaj Auto
Quarter ended Year to Date Year ended
201109 201009 % Var 201109 201009 % Var 201103 201003 % Var
Sales 52672.6 43418.2 21.31 100445.5 82318.8 22.02 166089.3 119209.8 39.33
Other Income 744.8 837.1 -11.03 1475.7 1653.8 -10.77 3658.1 1225 198.62
PBIDT 11318.5 9808.8 15.39 21157.8 18394.8 15.02 37507.3 27150.6 38.15
Interest 202.2 6.5 3010.77 204.5 12.8 1497.66 16.9 59.8 -71.74
PBDT 10162.2 9802.3 3.67 19999.2 18382 8.8 44735.9 25475.8 75.6
Depreciation 394.2 299.5 31.62 700.6 617.7 13.42 1228.4 1364.5 -9.97
PBT 9768 9502.8 2.79 19298.6 17764.3 8.64 43507.5 24111.3 80.44
TAX 2510 2682 -6.41 4930 5042 -2.22 10110.2 7075 42.9
Deferred Tax 0 0 0 0 0 0 0 0 0
PAT 7258 6820.8 6.41 14368.6 12722.3 12.94 33397.3 17036.3 96.04
Equity 2893.7 2893.6 0 2893.7 2893.6 0 2893.7 1446.8 100.01
PBIDTM(%) 20.52 21.37 -3.99 21.06 22.35 -5.74 21.38 21.67 -1.32

The revenue for the September 2011 quarter is pegged at Rs. 52672.60 millions, about 21.31% up against Rs. 43418.20 millions recorded
during the year-ago period.Profit saw a slight increase of 6.41%to Rs. 7258.00 millions from Rs. 6820.80 millions.OP of the company
witnessed a marginal growth to 11318.50 millions from 9808.80 millions in the same quarter last year.

Please refer to important disclosures at the end of this report For Private circulation Only For Our Clients Only

Mansukh Securities and Finance Ltd SEBI Regn No. BSE: INB010985834 / NSE: INB230781431
Office: 306, Pratap Bhavan, 5, Bahadur Shah Zafar Marg, New Delhi-110002 PMS Regn No. INP000002387
Phone: 011-30123450/1/3/5 Fax: 011-30117710 Email: research@moneysukh.com
Website: www.moneysukh.com

Results Tracker Q2FY12

Ultratech Cement
201109 201009 % Var 201109 201009 % Var 201103 201003 % Var
Sales 39806.2 32445 22.69 83850.1 50540.6 65.91 133508.6 71128.4 87.7
Other Income 325.2 385.9 -15.73 592.8 671 -11.65 1457.2 588.6 147.57
PBIDT 6850.1 4761.7 43.86 19389 9302.2 108.43 28290.3 20937.6 35.12
Interest 671.6 845.1 -20.53 1397.8 1123.7 24.39 2771.1 1175.2 135.8
PBDT 6178.5 3916.6 57.75 17991.2 8178.5 119.98 25519.2 19762.4 29.13
Depreciation 2227.5 2183.8 2 4457.1 3199.3 39.31 7657.3 3880.8 97.31
PBT 3951 1732.8 128.01 13534.1 4979.2 171.81 17861.9 15881.6 12.47
TAX 1162 575.1 102.05 3914 1394.2 180.73 3819.6 4949.2 -22.82
Deferred Tax 0 0 0 0 0 0 0 0 0
PAT 2789 1157.7 140.91 9620.1 3585 168.34 14042.3 10932.4 28.45
Equity 2740.5 2740.2 0.01 2740.5 2740.2 0.01 2740.4 1244.9 120.13
PBIDTM(%) 17.21 14.68 17.26 23.12 18.41 25.63 21.19 29.44 -28.01

The September 2011 quarter revenue stood at Rs. 39806.20 millions, up 22.69% as compared to Rs. 32445.00 millions during the
corresponding quarter last year.Net Profit for the quarter ended September 2011 zoomed to 140.91% from Rs. 1157.70 millions to Rs.
2789.00 millions.The company reported a good operating profit of 6850.10 millions compared to 4761.70 millions of corresponding
previous quarter.

Exide Inds
201109 201009 % Var 201109 201009 % Var 201103 201003 % Var
Sales 11726.6 11256.6 4.18 24170.7 22777.4 6.12 45775 37973.5 20.54
Other Income 113.3 249.1 -54.52 447.5 360.2 24.24 954.2 308.5 209.3
PBIDT 981.8 2645.8 -62.89 3512.1 5339.3 -34.22 9826.1 9051 8.56
Interest 16.1 16.9 -4.73 27.4 30.3 -9.57 57.3 138.6 -58.66
PBDT 965.7 3098.2 -68.83 3484.7 5778.3 -39.69 10238.1 8912.4 14.87
Depreciation 246.7 201.4 22.49 483.7 395.6 22.27 834.5 806.5 3.47
PBT 719 2896.8 -75.18 3001 5382.7 -44.25 9403.6 8105.9 16.01
TAX 207.5 767.5 -72.96 857.5 1600 -46.41 2740 2735 0.18
Deferred Tax -25.5 65 -139.23 15 40 -62.5 85 178 -52.25
PAT 511.5 2129.3 -75.98 2143.5 3782.7 -43.33 6663.6 5370.9 24.07
Equity 850 850 0 850 850 0 850 850 0
PBIDTM(%) 6.87 19.27 -64.38 14.53 23.44 -38.01 17.6 19.91 -11.6

The total revenue for the quarter ended September 2011 remained nearly unchanged at Rs. 11726.60 millions.The company suffered a
huge decline of -75.98% to Rs. 511.50 millions from Rs. 2129.30 millions of corresponding previous quarter.The company reported a
degrowth in operating Profit to 981.80 millions from 2645.80 millions.




Biocon
201109 201009 % Var 201109 201009 % Var 201103 201003 % Var
Sales 3920.7 3446.1 13.77 7401 6768.8 9.34 15666.2 11986.4 30.7
Other Income 84.6 60.1 40.77 167.9 120.7 39.11 255.1 302.8 -15.75
PBIDT 1084.7 1205.5 -10.02 2034.7 2246.3 -9.42 6096.7 3579.5 70.32
Interest 5.9 4.5 31.11 11.8 11 7.27 23.8 19.9 19.6
PBDT 1078.8 1201 -10.17 2022.9 2235.3 -9.5 6072.9 3559.6 70.61
Depreciation 234.5 217.8 7.67 466.3 429.5 8.57 901.7 797.3 13.09
PBT 844.3 983.2 -14.13 1556.6 1805.8 -13.8 5171.2 2762.3 87.21
TAX 163.6 109.9 48.86 271.9 209.5 29.79 578.7 278.7 107.64
Deferred Tax 0 0 0 0 0 0 0 0 0
PAT 680.7 873.3 -22.05 1284.7 1596.3 -19.52 4592.5 2483.6 84.91
Equity 1000 1000 0 1000 1000 0 1000 1000 0
PBIDTM(%) 27.67 34.98 -20.91 27.49 33.19 -17.16 38.92 29.86 30.32
? he Revenue for the quarter ended September 2011 of Rs. 3920.70 millions grew by 13.77 % from Rs. 3446.10 millions.The Company's Net
profit for the September 2011 quarter have declined marginally to Rs. 680.70 millions as against Rs. 873.30 millions reported during the
corresponding quarter ended.Operating Profit reported a sharp decline to 1084.70 millions from 1205.50 millions in the corresponding
previous quarter.

SMC Global Securities Limited
201109 201009 % Var 201109 201009 % Var 201103 201003 % Var
Sales 395.49 485.93 -18.61 817.38 976.67 -16.31 2057.85 2040.96 0.83
Other Income 7.18 4.07 76.41 14.6 9.82 48.68 23.87 65.69 -63.66
PBIDT 89.62 64.18 39.64 161.6 126.76 27.49 321.95 238.68 34.89
Interest 53.33 42.41 25.75 106.2 69.62 52.54 177.31 93.83 88.97
PBDT 36.3 21.99 65.08 55.27 54.89 0.69 142.39 143.54 -0.8
Depreciation 17.74 20.57 -13.76 34.9 40.08 -12.92 82.94 82.3 0.78
PBT 18.56 1.42 1207.04 20.37 14.81 37.54 59.45 61.24 -2.92
TAX 6.06 0.23 2534.78 6.41 8.45 -24.14 22.44 31.62 -29.03
Deferred Tax 0 0 0 0 0 0 0 0 0
PAT 12.5 1.19 950.42 13.96 6.36 119.5 37.01 29.62 24.95
Equity 104.78 104.78 0 104.78 104.78 0 104.78 104.78 0
PBIDTM(%) 22.66 13.21 71.57 19.77 12.98 52.33 15.65 11.69 33.79
The sales declined to Rs. 395.49 millions for the September 2011 quarter as compared to Rs. 485.93 millions during the corresponding
quarter last year.The Net Profit of the company vaulted to 950.42% to Rs. 12.50 millions from Rs. 1.19 millions in the previous
quarter.Operating profit for the quarter ended September 2011 rose to 89.62 millions as compared to 64.18 millions of corresponding
quarter ended September 2010.




Hexaware Tech.
201109 201009 % Var 201109 201009 % Var 201012 200912 % Var
Sales 1733.61 1123.89 54.25 4690.88 2977.99 57.52 4236.51 4862.74 -12.88
Other Income 161.31 85.9 87.79 592.48 443.35 33.64 519.08 341.07 52.19
PBIDT 695.45 153.7 352.47 1843.38 441.69 317.35 841.62 1482.74 -43.24
Interest 1.93 12.21 -84.19 4.33 13.98 -69.03 14.41 0.5 2782
PBDT 693.52 515.7 34.48 1839.05 794.11 131.59 1193.61 1482.24 -19.47
Depreciation 48.96 42.75 14.53 139.77 126.34 10.63 176.2 186.15 -5.35
PBT 644.56 472.95 36.29 1699.29 667.78 154.47 1017.41 1296.09 -21.5
TAX 89.89 57.63 55.98 163.18 65.84 147.84 89.14 54.07 64.86
Deferred Tax 0 0 0 0 0 0 0 0 0
PAT 554.67 415.32 33.55 1536.11 601.94 155.19 928.27 1242.01 -25.26
Equity 586.14 290.02 102.1 586.14 290.02 102.1 290.4 287.3 1.08
PBIDTM(%) 40.12 13.68 193.34 39.3 14.83 164.95 19.87 30.49 -34.85
The turnover zoomed to Rs. 1733.61 millions, up 54.25% for the September 2011 quarter as against Rs. 1123.89 millions during the year-
ago period.The company has announced a 33.55% increase in its profits to Rs . 554.67 millions for the quarter ended September 2011
compared to Rs. 415.32 millions in the corresponding quarter in the previous year.The company reported a good operating profit of
695.45 millions compared to 153.70 millions of corresponding previous quarter.

Bajaj Hold & Invest
201109 201009 % Var 201109 201009 % Var 201103 201003 % Var
Sales 4495 6075.8 -26.02 5267 7522.6 -29.98 10745.6 8121.3 32.31
Other Income 13.2 5.7 131.58 18.5 9.4 96.81 18.9 13.5 40
PBIDT 4491.7 6060.6 -25.89 5249.2 7488.6 -29.9 10693.6 8072.1 32.48
Interest 0.1 0 0 0.1 0 0 0 0 0
PBDT 4491.6 6060.6 -25.89 5249.1 7488.6 -29.91 10693.6 8072.1 32.48
Depreciation 0.6 0.6 0 1.2 1.2 0 2.4 2.2 9.09
PBT 4491 6060 -25.89 5247.9 7487.4 -29.91 10691.2 8069.9 32.48
TAX 193.7 157 23.38 362.4 280 29.43 690.3 356.6 93.58
Deferred Tax 0 0 0 0 0 0 0 0 0
PAT 4297.3 5903 -27.2 4885.5 7207.4 -32.22 10000.9 7713.3 29.66
Equity 1112.9 1060.4 4.95 1112.9 1060.4 4.95 1112.9 1060.4 4.95
PBIDTM(%) 99.93 99.75 0.18 99.66 99.55 0.11 99.52 99.39 0.12

The sales slipped to Rs. 4495.00 millions for the September 2011 quarter as against Rs. 6075.80 millions during the year-ago period.The
Net proft of the company remain more or less same to Rs. 4297.30 millions from Rs. 5903.00 millions ,decline by -27.20%.A decline of
4491.70 millions was observed in the OP in the quarter ended September 2011 from 6060.60 millions on QoQ basis.




Cairn India
201109 201009 % Var 201109 201009 % Var 201103 201003 % Var
Sales 32.1 7 358.57 37.6 18.6 102.15 23.9 32 -25.31
Other Income 237.1 251.6 -5.76 510 435.4 17.13 927.1 1601.6 -42.11
PBIDT 54.3 22 146.82 179.2 -24.5 -831.43 -259.5 -70.3 269.13
Interest 289.8 782.2 -62.95 577 1163.3 -50.4 1866.9 662.8 181.67
PBDT -235.5 -760.2 -69.02 -397.8 -1187.8 -66.51 -2126.4 -733.1 190.06
Depreciation 0.1 0 0 0.2 0.1 100 0.3 0.5 -40
PBT -235.6 -760.2 -69.01 -398 -1187.9 -66.5 -2126.7 -733.6 189.9
TAX 47.4 0 0 48.1 0 0 0 -44.1 -100
Deferred Tax 0 0 0 0 0 0 0 0 0
PAT -283 -760.2 -62.77 -446.1 -1187.9 -62.45 -2126.7 -689.5 208.44
Equity 19025.8 18974.5 0.27 19025.8 18974.5 0.27 19019.2 18969.7 0.26
PBIDTM(%) 169.16 314.29 -46.18 476.6 -131.72 -461.82 -1085.77 -219.69 394.24
The total revenue for the September 2011 quarter zoomed 358.57% to Rs. 32.10 millions as compared to Rs. 7.00 millions during the year-
ago period.The Net Loss for the quarter ended September 2011 is Rs. -283.00 millions as compared to Net Loss of Rs. -760.20 millions of
corresponding quarter ended September 2010The company reported a good operating profit of 54.30 millions compared to 22.00 millions
of corresponding previous quarter.

Piramal Healthcare
201109 201009 % Var 201109 201009 % Var 201103 201003 % Var
Sales 2706.9 5400.4 -49.88 5261.9 11104 -52.61 16103.6 26662.1 -39.6
Other Income 1679.2 586.8 186.16 3262.9 919.7 254.78 4722.9 1325.1 256.42
PBIDT 1501.9 488.5 207.45 2984.1 1728.1 72.68 5147.1 7262 -29.12
Interest 149.3 248.2 -39.85 225 557.9 -59.67 797.9 1563.6 -48.97
PBDT 1352.6 162339.3 -99.17 2759.1 163269.2 -98.31 166448.2 5694.8 2822.81
Depreciation 161.3 230 -29.87 314.2 484 -35.08 776.1 922.2 -15.84
PBT 1191.3 162109.3 -99.27 2444.9 162785.2 -98.5 165672.1 4772.6 3371.32
TAX 237.4 36409.5 -99.35 480.1 36416.3 -98.68 36703 340.4 10682.31
Deferred Tax 0 0 0 0 0 0 0 0 0
PAT 953.9 125699.8 -99.24 1964.8 126368.9 -98.45 128969.1 4432.2 2809.82
Equity 334.4 418 -20 334.4 418 -20 335.8 418 -19.67
PBIDTM(%) 55.48 9.05 513.38 56.71 15.56 264.4 31.96 27.24 17.35
A decrease of about -49.88% in the sales to Rs. 2706.90 millions was observed for the quarter ended September 2011. The sales stood at Rs.
5400.40 millions during the similar quarter previous year.The company reported a drastic decline of -99.24% in the quarter ended
September 2011 to Rs. 953.90 millions from Rs. 125699.80 millions .The company reported a good operating profit of 1501.90 millions
compared to 488.50 millions of corresponding previous quarter.




DB Corp
201109 201009 % Var 201109 201009 % Var 201103 201003 % Var
Sales 3514.74 3007.78 16.85 7041.29 5985.03 17.65 12616.37 10261.38 22.95
Other Income 18.96 38.75 -51.07 55.01 88.37 -37.75 164.98 176.54 -6.55
PBIDT 800.64 1010.98 -20.81 1861.01 2205.85 -15.63 4250.22 3637.38 16.85
Interest 66.95 37.69 77.63 93.83 84.72 10.75 152.84 323.39 -52.74
PBDT 733.69 973.29 -24.62 1767.18 2121.13 -16.69 4097.38 3313.99 23.64
Depreciation 122.69 105.4 16.4 238.67 208.37 14.54 427.64 266.41 60.52
PBT 611 867.89 -29.6 1528.51 1912.76 -20.09 3669.74 3047.58 20.41
TAX 197.27 198.81 -0.77 480.88 509.65 -5.65 996.52 1057.16 -5.74
Deferred Tax 37.77 5.93 536.93 23.88 62.39 -61.72 85.83 215.94 -60.25
PAT 413.73 669.08 -38.16 1047.63 1403.11 -25.34 2673.22 1990.42 34.3
Equity 1833 1815.24 0.98 1833 1815.24 0.98 1832.83 1815.15 0.97
PBIDTM(%) 22.78 33.61 -32.23 26.43 36.86 -28.29 33.69 35.45 -4.96
The company witnessed a 16.85% growth in the revenue at Rs. 3514.74 millions for the quarter ended September 2011 as compared to Rs.
3007.78 millions during the year-ago period.A big decline of -38.16% was reported for the quarter ended September 2011 to Rs. 413.73
millions from Rs. 669.08 millions of corresponding previous quarter.The company reported a degrowth in operating Profit to 800.64
millions from 1010.98 millions.

Noida Toll Bridge
201109 201009 % Var 201109 201009 % Var 201103 201003 % Var
Sales 221.41 211.78 4.55 433.61 422.36 2.66 843.12 841.21 0.23
Other Income 7.34 3.97 84.89 14.17 7.25 95.45 30.07 18.13 65.86
PBIDT 162.1 160.44 1.03 334.35 323.81 3.25 644.32 627.78 2.63
Interest 61.91 65.5 -5.48 95.78 101.86 -5.97 172.92 171.8 0.65
PBDT 100.19 94.94 5.53 238.57 221.95 7.49 471.4 455.98 3.38
Depreciation 10.91 12.62 -13.55 21.88 25.03 -12.58 44.77 51.47 -13.02
PBT 89.29 82.31 8.48 216.7 196.91 10.05 426.63 404.51 5.47
TAX 7.09 11.58 -38.77 19.97 25.44 -21.5 51.7 128.96 -59.91
Deferred Tax 0 0 0 10.9 11.65 -6.44 41.82 60.22 -30.55
PAT 82.2 70.73 16.22 196.73 171.47 14.73 374.93 275.55 36.07
Equity 1861.95 1861.95 0 1861.95 1861.95 0 1861.95 1861.95 0
PBIDTM(%) 73.22 75.75 -3.35 77.11 76.67 0.58 76.42 74.63 2.4
The company's total revenue for the quarter ended September 2011 saw a slight change in the total revenue, having registered a total
revenue of Rs. 221.41 millions.The Company has registered profit of Rs. 82.20 millions for the quarter ended September 2011, a growth of
16.22% over Rs. 70.73 millions millions achieved in the corresponding quarter of last year.Operating Profit saw a handsome growth to
162.10 millions from 160.44 millions in the quarter ended September 2011.




Swaraj Engines
201109 201009 % Var 201109 201009 % Var 201103 201003 % Var
Sales 1028.9 862 19.36 2131.1 1711 24.55 3606.3 2824.4 27.68
Other Income 27.4 18.9 44.97 54.3 37.6 44.41 81 99.8 -18.84
PBIDT 180 169 6.51 385.1 336 14.61 688.1 595.5 15.55
Interest 0 0 0 0 0 0 0 0 0
PBDT 180 169 6.51 385.1 336 14.61 688.1 595.5 15.55
Depreciation 9.8 11 -10.91 19.1 21.5 -11.16 44.6 48.4 -7.85
PBT 170.2 158 7.72 366 314.5 16.38 643.5 547.1 17.62
TAX 52.4 49.8 5.22 112.8 99.4 13.48 204.4 173.6 17.74
Deferred Tax 0.9 -0.3 -400 -0.7 -3.1 -77.42 -7.6 -11.8 -35.59
PAT 117.8 108.2 8.87 253.2 215.1 17.71 439.1 373.5 17.56
Equity 124.2 124.2 0 124.2 124.2 0 124.2 124.2 0
PBIDTM(%) 17.49 19.61 -10.77 18.07 19.64 -7.98 19.08 21.08 -9.5
The revenue zoomed 19.36% to Rs. 1028.90 millions for the quarter ended September 2011 as compared to Rs. 862.00 millions during the
corresponding quarter last year.A slim rise of 8.87% was recorded in the Net profit for the quarter ended September 2011 to Rs. 117.80
millions From Rs. 108.20 millions.Operating profit for the quarter ended September 2011 rose to 180.00 millions as compared to 169.00
millions of corresponding quarter ended September 2010.

Kirloskar Brothers
201109 201009 % Var 201109 201009 % Var 201103 201003 % Var
Sales 4139.74 4479.33 -7.58 8451.4 8375.04 0.91 19482.42 20310.7 -4.08
Other Income 33.96 17.04 99.3 384.9 33.6 1045.54 67.04 347.15 -80.69
PBIDT 192.04 436 -55.95 797.76 645.64 23.56 1630.49 2330.03 -30.02
Interest 82.85 66.12 25.3 148.11 145.29 1.94 299.54 335.64 -10.76
PBDT 109.19 369.88 -70.48 649.65 500.35 29.84 1330.95 1994.39 -33.27
Depreciation 78.63 75.98 3.49 152.13 144.7 5.13 300.14 264.77 13.36
PBT 30.56 293.9 -89.6 497.52 355.65 39.89 1030.81 1729.62 -40.4
TAX 1 99 -98.99 106 116.23 -8.8 417.21 554.44 -24.75
Deferred Tax 0 0 0 0 0 0 0 0 0
PAT 29.56 194.9 -84.83 391.52 239.42 63.53 613.6 1175.18 -47.79
Equity 158.68 158.67 0.01 158.68 158.67 0.01 158.68 158.67 0.01
PBIDTM(%) 4.64 9.73 -52.34 9.44 7.71 22.44 8.37 11.47 -27.05

Net sales declined -7.58% to Rs. 4139.74 million from Rs. 4479.33 millions.Net Profit for the quarter ended September 2011 dipped to Rs.
29.56 millions from Rs. 194.90 millions in the corresponding previous quarter.A decline of 192.04 millions was observed in the OP in the
quarter ended September 2011 from 436.00 millions on QoQ basis.




Data Source : ACE Equity

NAME DESIGNATION E-MAIL
Varun Gupta Head - Research varungupta@moneysukh.com
Pashupati Nath Jha Research Analyst pashupatinathjha@moneysukh.com
Vikram Singh Research Analyst vikram_research@moneysukh.com

This report is for the personal information of the authorized recipient and does not construe to be any investment, legal or taxation advice to you.
Mansukh Securities and Finance Ltd (hereinafter referred as MSFL) is not soliciting any action based on it. This report is not for public distribution and
has been furnished to you solely for your information and should not be reproduced or redistributed to any person in any form.
The report is based upon information that we consider reliable, but we do not represent that it is accurate or complete. MSFL or any of its affiliates or
employees shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information
contained in this report. MSFL or any of its affiliates or employees do not provide, at any time, any express or implied warranty of any kind, regarding
any matter pertaining to this report, including without limitation the implied warranties of merchantability, fitness for a particular purpose, and non-
infringement. The recipients of this report should rely on their own investigations.
MSFL and/or its affiliates and/or employees may have interests/positions, financial or otherwise in the securities mentioned in this report. This
information is subject to change without any prior notice. MSFL reserves the right to make modifications and alterations to this statement as may be
required from time to time. Nevertheless, MSFL is committed to providing independent and transparent recommendations to its clients, and would be
happy to provide information in response to specific client queries.



Results tracker 21.10.11

Recommended

Recommended

More Related Content

What's hot

What's hot (19)

Viewers also liked

Viewers also liked (7)

Similar to Results tracker 21.10.11

Similar to Results tracker 21.10.11 (20)

More from Mansukh Investment & Trading Solutions

More from Mansukh Investment & Trading Solutions (20)

Recently uploaded

Recently uploaded (20)