Results Tracker Update 26 July 2012-Mansukh Investment and Trading Solution

1. Results Tracker Thursday, 26 July 2012
make more, for sure.
Q1FY13
Results to be Declared on Thursday, 26th July 2012
COMPANIES NAME
3M India Bharat Seats Honda Siel Power MCX Stewarts & Lloyds
ACC BHEL IFB Inds Nagarjuna Oil Ref SVARTCORP
AGCNET BN Rathi Igarashi Motors Natural Cap Swasti Vinay Syn
AIL Cheslind Tex India Motor Oil Country Tub Tata Comm
Ambuja Cements DCM Shriram Cons Industrial & Pru Parrys Sugar Tata Metaliks
Anukaran Comm Deepak Fert Integra Engg PH Capital TCI Developers
Arvind DIC India ITC PI Inds TCI Inds
Ashirwad Cap Edelweiss Capital ITDC Prism Cement Thermax
Asit C Mehta Fin EICLLTD Jagran Prakashan Puneet Resins Transport Corp
Available Fin Elcid Invest Jamshri Ranjit Ram Ratna Wires Vinyl Chemicals
Bajaj Elect Futuristic Sec JK Lakshmi Cem Rishabh Digha Walchand People
Banaras Beads Garnet Constr JRG Securities Rolcon Engr Wire & Wireless
Bata India Granules India JSW Steel Saptarishi Agro
BB REALTY Grauer & Weil Kilpest India Shree Narmada
Bharat Bhushan Share Grindwell Nor Kokuyo Camlin South India Pap
Bharat Gears Gujarat Gas Laser Diamonds Sterlite Inds
Results Announced on 25th July 2012 (Rs Million)
HCL Tech.
Quarter ended Year to Date Year ended
201206 201106 % Var 201206 201106 % Var 201206 201106 % Var
Sales 25721 19493.6 31.95 89072.2 67944.8 31.09 89072.2 67944.8 31.09
Other Income 970.7 471.2 106.01 3008.6 1662.7 80.95 3008.6 1662.7 80.95
PBIDT 9102 5499.5 65.51 28110.8 16826.4 67.06 28110.8 16826.4 67.06
Interest 239.2 251.9 -5.04 972.7 1013.9 -4.06 972.7 1013.9 -4.06
PBDT 8862.8 5247.6 68.89 27138.1 15812.5 71.62 27138.1 15812.5 71.62
Depreciation 948.9 762.5 24.45 3530.7 2913.7 21.18 3530.7 2913.7 21.18
PBT 7913.9 4485.1 76.45 23607.4 12898.8 83.02 23607.4 12898.8 83.02
TAX 1326.4 629.2 110.81 4103.2 916 347.95 4103.2 916 347.95
Deferred Tax 0 0 0 0 0 0 0 0 0
PAT 6587.5 3855.9 70.84 19504.2 11982.8 62.77 19504.2 11982.8 62.77
Equity 1386.6 1377.4 0.67 1386.6 1377.4 0.67 1386.6 1377.4 0.67
PBIDTM(%) 35.39 28.21 25.43 31.56 24.76 27.44 31.56 24.76 27.44
The sales for the June 2012 quarter moved up 31.95% to Rs. 25721.00 millions as compared to Rs. 19493.60 millions during the
corresponding quarter last year.Profit after tax for the quarter ended June 2012 reported a huge growth of 70.84% to Rs. 6587.50 millions
rom Rs. 3855.90 millions.Operating profit surged to 9102.00 millions from the corresponding previous quarter of 5499.50 millions.
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

2. Results Tracker Q1FY13
make more, for sure.
Jindal Steel & Power
Quarter ended Year to Date Year ended
201206 201106 % Var 201206 201106 % Var 201203 201103 % Var
Sales 33310.9 25269.4 31.82 33310.9 25269.4 31.82 133339.5 95741.8 39.27
Other Income 122 162.4 -24.88 122 162.4 -24.88 1844.8 1431.6 28.86
PBIDT 10499.2 9800.7 7.13 10499.2 9800.7 7.13 45406.1 37961.5 19.61
Interest 2185.7 1324.7 65 2185.7 1324.7 65 6826.7 3550.2 92.29
PBDT 2572.3 8476 -69.65 2572.3 8476 -69.65 37101.9 34411.3 7.82
Depreciation 2371.7 2065.9 14.8 2371.7 2065.9 14.8 8671.9 6877.7 26.09
PBT 200.6 6410.1 -96.87 200.6 6410.1 -96.87 28430 27533.6 3.26
TAX 76.4 1708.5 -95.53 76.4 1708.5 -95.53 7323.6 6892.4 6.26
Deferred Tax 0 0 0 0 0 0 0 0 0
PAT 124.2 4701.6 -97.36 124.2 4701.6 -97.36 21106.5 20641.2 2.25
Equity 934.8 934.5 0.03 934.8 934.5 0.03 934.8 934.3 0.05
PBIDTM(%) 31.52 38.78 -18.73 31.52 38.78 -18.73 34.05 39.65 -14.12
The sales figure stood at Rs. 33310.90 millions for the June 2012 quarter. The mentioned figure indicates a growth of about 31.82% as
compared to Rs. 25269.40 millions during the year-ago period.Net Profit for the quarter ended June 2012 dipped to Rs. 124.20 millions
from Rs. 4701.60 millions in the corresponding previous quarter.The company reported a good operating profit of 10499.20 millions
compared to 9800.70 millions of corresponding previous quarter.
Novartis
Quarter ended Year to Date Year ended
201206 201106 % Var 201206 201106 % Var 201203 201103 % Var
Sales 2195.4 2001.3 9.7 2195.4 2001.3 9.7 8442.9 7512.1 12.39
Other Income 212 180 17.78 212 180 17.78 840.1 673.3 24.77
PBIDT 404.6 564.4 -28.31 404.6 564.4 -28.31 2279 2215.7 2.86
Interest 0.8 0.8 0 0.8 0.8 0 5.4 2.8 92.86
PBDT 403.8 563.6 -28.35 403.8 563.6 -28.35 2273.6 2212.9 2.74
Depreciation 7.6 4.3 76.74 7.6 4.3 76.74 26.7 23.8 12.18
PBT 396.2 559.3 -29.16 396.2 559.3 -29.16 2246.9 2189.1 2.64
TAX 126.4 183.6 -31.15 126.4 183.6 -31.15 726.7 722.4 0.6
Deferred Tax 0 0 0 0 0 0 0 0 0
PAT 269.8 375.7 -28.19 269.8 375.7 -28.19 1520.2 1466.7 3.65
Equity 159.8 159.8 0 159.8 159.8 0 159.8 159.8 0
PBIDTM(%) 18.43 28.2 -34.65 18.43 28.2 -34.65 26.99 29.5 -8.48
The Revenue for the quarter ended June 2012 of Rs. 2195.40 millions grew by 9.70 % from Rs. 2001.30 millions.Net profit declined -
28.19% to Rs. 269.80 millions from Rs. 375.70 millions.The Operating Profit of the company witnessed a decrease to 404.60 millions from
564.40 millions.
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

3. Results Tracker Q1FY13
make more, for sure.
Power Grid Corpn.
Quarter ended Year to Date Year ended
201206 201106 % Var 201206 201106 % Var 201203 201103 % Var
Sales 28882.5 22024.9 31.14 28882.5 22024.9 31.14 100353.3 83887 19.63
Other Income 920.2 1432.4 -35.76 920.2 1432.4 -35.76 7496.8 7100.5 5.58
PBIDT 25206.6 19631.6 28.4 25206.6 19631.6 28.4 90476.3 75851.4 19.28
Interest 6101.3 4190.4 45.6 6101.3 4190.4 45.6 18588.3 15566.5 19.41
PBDT 19101.8 15428.7 23.81 19101.8 15428.7 23.81 71701.4 60241.2 19.02
Depreciation 7565.1 5790.3 30.65 7565.1 5790.3 30.65 25725.4 21993.9 16.97
PBT 11536.7 9638.4 19.7 11536.7 9638.4 19.7 45976 38247.3 20.21
TAX 2835.6 2585.5 9.67 2835.6 2585.5 9.67 13426.5 11278.4 19.05
Deferred Tax 628.6 726 -13.42 628.6 726 -13.42 4541.4 4432.3 2.46
PAT 8701.1 7052.9 23.37 8701.1 7052.9 23.37 32549.5 26968.9 20.69
Equity 46297.3 46297.3 0 46297.3 46297.3 0 46297.3 46297.3 0
PBIDTM(%) 87.27 89.13 -2.09 87.27 89.13 -2.09 90.16 90.42 -0.29
The sales moved up 31.14% to Rs. 28882.50 millions for the June 2012 quarter as compared to Rs. 22024.90 millions during the year-ago
period.Modest increase of 23.37% in the Net Profit was reported from. 7052.90 millions to Rs. 8701.10 millions.Operating profit surged to
25206.60 millions from the corresponding previous quarter of 19631.60 millions.
Jyothy Laboratories
Quarter ended Year to Date Year ended
201206 201106 % Var 201206 201106 % Var 201203 201103 % Var
Sales 2101.03 1231.28 70.64 2101.03 1231.28 70.64 6629.69 6067.63 9.26
Other Income 162.43 121.06 34.17 162.43 121.06 34.17 570.15 206.76 175.75
PBIDT 411.43 229.8 79.04 411.43 229.8 79.04 1396.8 1066.57 30.96
Interest 148.61 17.61 743.9 148.61 17.61 743.9 194.33 3.02 6334.77
PBDT 262.82 212.19 23.86 262.82 212.19 23.86 1202.47 1063.55 13.06
Depreciation 33.6 37.95 -11.46 33.6 37.95 -11.46 170.32 107.86 57.91
PBT 229.22 174.24 31.55 229.22 174.24 31.55 1032.15 955.69 8
TAX 53 34 55.88 53 34 55.88 197 153.02 28.74
Deferred Tax 0 0 0 0 0 0 0 0 0
PAT 176.22 140.24 25.66 176.22 140.24 25.66 835.16 802.67 4.05
Equity 80.63 80.63 0 80.63 80.63 0 80.63 80.63 0
PBIDTM(%) 19.58 18.66 4.92 19.58 18.66 4.92 21.07 17.58 19.86
The turnover for the June 2012 quarter moved up 70.64% to Rs. 2101.03 millions as compared to Rs. 1231.28 millions during the year-ago
period.A comparatively good net profit growth of 25.66% to Rs. 176.22 millions was reported for the quarter ended June 2012 compared
to Rs. 140.24 millions of previous same quarter.Operating Profit saw a handsome growth to 411.43 millions from 229.80 millions in the
quarter ended June 2012.
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

4. Results Tracker Q1FY13
make more, for sure.
Jubilant FoodWorks
Quarter ended Year to Date Year ended
201206 201106 % Var 201206 201106 % Var 201203 201103 % Var
Sales 3145.06 2169.16 44.99 3145.06 2169.16 44.99 10175.41 6783.29 50.01
Other Income 18.97 12.35 53.6 18.97 12.35 53.6 57.35 19.42 195.31
PBIDT 591.89 432.76 36.77 591.89 432.76 36.77 1962.85 1221.09 60.75
Interest 0 0 0 0 0 0 0 3.42 -100
PBDT 591.89 426.25 38.86 591.89 426.25 38.86 1922.32 1217.67 57.87
Depreciation 116.77 86.86 34.43 116.77 86.86 34.43 375.72 293.39 28.06
PBT 475.11 339.39 39.99 475.11 339.39 39.99 1546.6 924.28 67.33
TAX 151.62 107.73 40.74 151.62 107.73 40.74 490.17 204.28 139.95
Deferred Tax 0 0 0 0 0 0 0 0 0
PAT 323.49 231.66 39.64 323.49 231.66 39.64 1056.43 720.01 46.72
Equity 650.78 645.32 0.85 650.78 645.32 0.85 650.78 645.32 0.85
PBIDTM(%) 18.82 19.95 -5.67 18.82 19.95 -5.67 19.29 18 7.16
The sales surged to Rs. 3145.06 millions, up 44.99% for the June 2012 quarter as against Rs. 2169.16 millions during the corresponding
quarter previous year.An average growth of 39.64% was recorded for the quarter ended June 2012 to Rs. 323.49 millions from Rs. 231.66
millions.Operating Profit saw a handsome growth to 591.89 millions from 432.76 millions in the quarter ended June 2012.
NIIT
Quarter ended Year to Date Year ended
201206 201106 % Var 201206 201106 % Var 201203 201103 % Var
Sales 1545 1562.2 -1.1 1545 1562.2 -1.1 7381.3 6480.1 13.91
Other Income 124.8 44.8 178.57 124.8 44.8 178.57 462.6 294.2 57.24
PBIDT 201.7 87 131.84 201.7 87 131.84 1188.9 1263.2 -5.88
Interest 33.3 58.7 -43.27 33.3 58.7 -43.27 217.9 268.8 -18.94
PBDT 170.3 28.3 501.77 170.3 28.3 501.77 1827.5 1130.5 61.65
Depreciation 172.8 151.3 14.21 172.8 151.3 14.21 684 577 18.54
PBT -2.5 -123 -97.97 -2.5 -123 -97.97 1143.5 553.5 106.59
TAX -6.3 -23 -72.61 -6.3 -23 -72.61 181 56.1 222.64
Deferred Tax -6.3 -23 -72.61 -6.3 -23 -72.61 -76.7 -28.4 170.07
PAT 3.8 -100 -103.8 3.8 -100 -103.8 962.5 497.4 93.51
Equity 330.2 330.2 0 330.2 330.2 0 330.2 330.2 0
PBIDTM(%) 13.06 5.57 134.42 13.06 5.57 134.42 16.11 19.49 -17.37
A slight decline in the revenue of Rs. 1545.00 millions was seen for the June 2012 quarter as against Rs. 1562.20 millions during year-ago
period.The Total Profit for the quarter ended June 2012 of Rs. 3.80 millions grew from Rs.-100.00 millionsOperating profit for the quarter
ended June 2012 rose to 201.70 millions as compared to 87.00 millions of corresponding quarter ended June 2011.
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

5. Results Tracker Q1FY13
make more, for sure.
MRF
Quarter ended Year to Date Year ended
201206 201106 % Var 201206 201106 % Var 201109 201009 % Var
Sales 30082.7 25730.6 16.91 88765.6 71233.8 24.61 97431.7 74637.4 30.54
Other Income 36.2 110.9 -67.36 128.1 284.8 -55.02 253.1 181.1 39.76
PBIDT 3267.3 1647.4 98.33 9192.5 6468 42.12 8300.7 8585.1 -3.31
Interest 393.3 243.8 61.32 1096.8 668.5 64.07 930.2 631 47.42
PBDT 2874 1053.8 172.73 8095.7 5000.8 61.89 11412.8 7954.1 43.48
Depreciation 776.6 613.5 26.59 2144 1793.2 19.56 2476.3 2607.5 -5.03
PBT 2097.4 440.3 376.36 5951.7 3207.6 85.55 8936.5 5346.6 67.14
TAX 651.8 120.8 439.57 1875.9 967.8 93.83 2742.3 1806.8 51.78
Deferred Tax 0 0 0 0 0 0 0 0 0
PAT 1445.6 319.5 352.46 4075.8 2239.8 81.97 6194.2 3539.8 74.99
Equity 42.4 42.4 0 42.4 42.4 0 42.4 42.4 0
PBIDTM(%) 9.79 5.86 67.03 10.36 9.08 14.05 7.8 10.61 -26.5
The June 2012 quarter revenue stood at Rs. 30082.70 millions, up 16.91% as compared to Rs. 25730.60 millions during the corresponding
quarter last year.The company almost doubled its revenue to Rs. 1445.60 millions from Rs. 319.50 millions in the quarter ended June
2012.OP of the company witnessed a marginal growth to 3267.30 millions from 1647.40 millions in the same quarter last year.
Jay Shree Tea
Quarter ended Year to Date Year ended
201206 201106 % Var 201206 201106 % Var 201203 201103 % Var
Sales 1385.6 912 51.93 1385.6 912 51.93 6175.4 4873.3 26.72
Other Income 84.4 50.1 68.46 84.4 50.1 68.46 216.3 175.1 23.53
PBIDT 209.3 280.7 -25.44 209.3 280.7 -25.44 718.4 868.7 -17.3
Interest 129.4 77.8 66.32 129.4 77.8 66.32 395.5 236.7 67.09
PBDT 79.9 202.9 -60.62 79.9 202.9 -60.62 322.9 632 -48.91
Depreciation 31.3 21.7 44.24 31.3 21.7 44.24 149.8 115.2 30.03
PBT 48.6 181.2 -73.18 48.6 181.2 -73.18 173.1 516.8 -66.51
TAX 0 0 0 0 0 0 29.9 53.7 -44.32
Deferred Tax 0 0 0 0 0 0 -11.6 -35 -66.86
PAT 48.6 181.2 -73.18 48.6 181.2 -73.18 143.2 463.1 -69.08
Equity 144.4 111.7 29.27 144.4 111.7 29.27 144.4 144.4 0
PBIDTM(%) 15.11 30.78 -50.92 15.11 30.78 -50.92 11.63 17.83 -34.74
The turnover is pegged at Rs. 1385.60 millions for the June 2012 quarter. The mentioned figure indicates a rise of about 51.93% as against
Rs. 912.00 millions during the year-ago period.The Net Profit of the company slipped to Rs. 48.60 millions from Rs. 181.20 millions, a
decline of -73.18% on QoQ basis.A decline of 209.30 millions was observed in the OP in the quarter ended June 2012 from 280.70 millions
on QoQ basis.
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

6. Results Tracker Q1FY13
make more, for sure.
Tata Teleservice(Mah
Quarter ended Year to Date Year ended
201206 201106 % Var 201206 201106 % Var 201203 201103 % Var
Sales 6594.8 5899.6 11.78 6594.8 5899.6 11.78 24884.4 22933.1 8.51
Other Income 16.2 13.1 23.66 16.2 13.1 23.66 172.5 8575.6 -97.99
PBIDT 1335.2 1197.8 11.47 1335.2 1197.8 11.47 5076.8 11278.8 -54.99
Interest 1498.7 1121.9 33.59 1498.7 1121.9 33.59 4818.3 3272.7 47.23
PBDT -163.5 75.9 -315.42 -163.5 75.9 -315.42 258.5 8006.1 -96.77
Depreciation 1463.1 1269.1 15.29 1463.1 1269.1 15.29 5434 7507 -27.61
PBT -1626.6 -1193.2 36.32 -1626.6 -1193.2 36.32 -5175.5 499 -1137.17
TAX 0 0 0 0 0 0 0 0 0
Deferred Tax 0 0 0 0 0 0 0 0 0
PAT -1626.6 -1193.2 36.32 -1626.6 -1193.2 36.32 -5175.5 499 -1137.17
Equity 18972 18972 0 18972 18972 0 18972 18972 0
PBIDTM(%) 20.25 20.3 -0.28 20.25 20.3 -0.28 20.4 49.18 -58.52
The June 2012 quarter revenue stood at Rs. 6594.80 millions, up 11.78% as compared to Rs. 5899.60 millions during the corresponding
quarter last year.The Net Loss for the quarter ended June 2012 is Rs. -1626.60 millions as compared to Net Loss of Rs. -1193.20 millions of
corresponding quarter ended June 2011OP of the company witnessed a marginal growth to 1335.20 millions from 1197.80 millions in the
same quarter last year.
Zensar Technologies
Quarter ended Year to Date Year ended
201206 201106 % Var 201206 201106 % Var 201203 201103 % Var
Sales 2130.6 1540.5 38.31 2130.6 1540.5 38.31 7127.5 5776.1 23.4
Other Income 217.6 19.8 998.99 217.6 19.8 998.99 279.1 142.1 96.41
PBIDT 672.7 251.6 167.37 672.7 251.6 167.37 1633 1129.7 44.55
Interest 2 2.4 -16.67 2 2.4 -16.67 10.3 8.6 19.77
PBDT 670.7 249.2 169.14 670.7 249.2 169.14 1622.7 1121.1 44.74
Depreciation 63.3 63.8 -0.78 63.3 63.8 -0.78 250.5 258.8 -3.21
PBT 607.4 185.4 227.62 607.4 185.4 227.62 1372.2 862.3 59.13
TAX 198.8 41.3 381.36 198.8 41.3 381.36 426.7 -22.5 -1996.44
Deferred Tax 0 0 0 0 0 0 0 0 0
PAT 408.6 144.1 183.55 408.6 144.1 183.55 945.5 884.8 6.86
Equity 434.3 433.8 0.12 434.3 433.8 0.12 434.1 433 0.25
PBIDTM(%) 31.57 16.33 93.32 31.57 16.33 93.32 22.91 19.56 17.14
The Sales for the quarter ended June 2012 of Rs. 2130.60 millions rose by 38.31% from Rs. 1540.50 millions.The Net Profit of the company
reported a remarkable increase of 183.55% to Rs. 408.60 millions from Rs. 144.10 millions in previous same quarter.The company
reported a good operating profit of 672.70 millions compared to 251.60 millions of corresponding previous quarter.
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

7. Results Tracker Q1FY13
make more, for sure.
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.
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