Equity Research Report 09 April 2018 Ways2Capital

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CURRENCY MARKET UPDATE
CURRENCY PAIR
CURRENT
CLOSING
PREVIOUS
CLOSING
WEEKLY
% CHANGE
MAJOR INDICES
INDEX
CLOSING
AS ON 06th April 18
WEEKLY CHANGES
WEEKLY
% CHANGE
COMMODITY MARKET UPDATE
COMMODITY
CURRENT
CLOSING
PREVIOUS
CLOSING
WEEKLY
% CHANGE
Market Wrap–Up
Nifty 10331.60 217.90 2.15%
Nifty 100 10750.35 271.95 2.60%
Nifty 200 5499.35 -16.75 -0.30%
Nifty 500 9172.05 259.95 2.92%
Nifty VIX 14.75 -1.01 -6.41%
Nifty Bank 24873.15 609.80 2.51%
Nifty Auto 11444.15 622.80 5.76%
Nifty Finance 10468.15 260.55 2.55%
Nifty FMCG 26805.90 678.50 2.60%
Nifty IT 12603.35 91.80 0.73%
Nifty Media 3365.15 78.65 2.39%
Nifty Metal 3604.05 91.50 2.60%
Nifty Pharma 8772.40 414.35 4.96%
Nifty PSU Banks 3019.35 140.85 4.89%
Nifty PVT Bank 14017.20 329.30 2.40%
Nifty Realty 303.4 9.35 3.18%
USDINR 65.0900 65.3600 -0.41%
GBPINR 91.2650 92.5250 -1.36%
EURINR 79.7625 81.1075 -1.66%
JPYINR 60.7150 61.7550 -1.68%
EURUSD 1.2288 1.2279 0.07%
GBPUSD 1.4080 1.4037 0.31%
Dollar Index 89.82 89.81 0.01%
Gold COMEX 1337.00 1327.30 0.73%
Gold MCX 30694 30552 0.46%
Crude Oil NYMEX 61.92 64.94 -4.65%
Crude Oil MCX 4029 4234 -4.84%
Brent Oil NYMEX 67.04 70.27 -4.60%
Copper MCX 438.25 433.40 1.12%
Natural Gas NYMEX 2.699 2.733 -1.24%

WEEKLY GAINERS
SCRIP
CLOSING
PRICE
WEEKLY
% CHANGE
52 WEEK
HIGH
WEEKLY LOSERS
SCRIP
CLOSING
PRICE
WEEKLY
% CHANGE
52 WEEK
LOW
Market at a Glance
TATA MOTO-
RES
363.85 11.12% 487.00
LUPIN 809.80 9.97% 1465.00
BAJAJ FI-
NANCE
1933.00 9.22% 1989.00
INDIABULLS
HOUSING
1342.00 8.48% 1439.40
ADANIPORTS 378.30 6.67% 451.55
BHARTI
AIRTEL
385.40 -3.38% 333.25
TECH MAHIN-
DRA
619.00 -3.02% 357.60
COAL INDIA 275.45 -2.84% 234.00
AXIS BANK 500.70 -1.71% 447.80
HCL TECH 953.40 -1.66% 796.50

ECONOMIC EVENTS CALENDER
TIME CURRENY EVENT FORECAST PREVIOUS
Economic Calendar
Monday, April 9, 2018
13:00 GBP Halifax House Price Index (MoM) (Mar) 0.20% 0.40%
Tuesday, April 10, 2018
4:31 GBP BRC Retail Sales Monitor (YoY) (Mar) - 0.60%
18:00 USD Core PPI (MoM) (Mar) 0.20% 0.20%
18:00 USD PPI (MoM) (Mar) 0.10% 0.20%
Wednesday, April 11, 2018
7:00 CNY CPI (YoY) (Mar) 2.60% 2.90%
7:00 CNY PPI (YoY) (Mar) 3.20% 3.70%
14:00 GBP Trade Balance (Feb) -11.90B -12.33B
18:00 USD CPI (MoM) (Mar) 0.10% 0.20%
20:00 USD Crude Oil Inventories 0.246M -4.617M
23:30 USD Federal Budget Balance (Mar) -186.0B -215.0B
23:30 USD FOMC Meeting Minutes - -
Thursday, April 12, 2018
16:50 USD OPEC Monthly Report
17:30 INR CPI (YoY) (Mar) 4.30% 4.44%
18:00 USD Export Price Index (MoM) (Mar) 0.20% 0.20%
18:00 USD Import Price Index (MoM) (Mar) 0.20% 0.40%
18:00 USD Initial Jobless Claims 230K 242K
Friday, April 13, 2018
19:30 USD JOLTs Job Openings (Feb) 5.890M 6.312M

NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT)
SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4
Continued .......
Weekly Pivots
ADANIPORTS 456.35 428.75 401.15 391.10 373.53 363.45 345.90 318.30 290.70
ASIANPAINT 1277.00 1230.80 1184.60 1165.30 1138.40 1119.10 1092.20 1046.00 999.80
AXISBANK 553.95 535.70 517.45 508.10 499.17 489.80 480.90 462.65 444.40
BAJAJ-AUTO 3036.60 2952.95 2869.30 2825.05 2785.63 2741.35 2701.95 2618.30 2534.65
BAJAJFINSV 6679.80 6237.00 5794.20 5631.60 5351.37 5188.75 4908.55 4465.75 4022.95
BAJFINANCE 2407.35 2232.85 2058.35 1998.70 1883.83 1824.15 1709.30 1534.80 1360.30
BHARTIARTL 455.75 434.05 412.35 398.15 390.62 376.40 368.90 347.20 325.50
BPCL 491.60 470.20 448.80 441.00 427.40 419.60 406.00 384.60 363.20
CIPLA 660.70 627.65 594.60 577.20 561.55 544.15 528.50 495.45 462.35
COALINDIA 308.15 297.85 287.55 281.30 277.25 271.00 266.95 256.65 246.35
DRREDDY 2327.00 2257.10 2187.20 2154.60 2117.27 2084.65 2047.35 1977.45 1907.55
EICHERMOT 35456.85 33356.90 31256.95 30514.00 29156.98 28414.00 27057.00 24957.05 22857.10
GAIL 386.55 368.05 349.55 341.60 331.03 323.05 312.50 294.00 275.50
GRASIM 1250.00 1192.50 1135.00 1110.00 1077.50 1052.50 1020.00 962.50 905.00
HCLTECH 1082.20 1042.70 1003.20 977.90 963.68 938.35 924.15 884.65 845.15
HDFC 2011.20 1949.05 1886.90 1857.45 1824.72 1795.25 1762.55 1700.40 1638.25

Continued .......
Weekly Pivots
HDFCBANK 2083.35 2026.05 1968.75 1944.45 1911.43 1887.10 1854.10 1796.80 1739.50
HEROMOTOCO 4541.30 4257.50 3973.70 3867.60 3689.90 3583.80 3406.10 3122.30 2838.50
HINDALCO 260.35 243.55 226.75 219.90 209.93 203.05 193.10 176.30 159.50
HINDPETRO 403.90 385.95 368.00 361.05 350.05 343.10 332.10 314.15 296.20
HINDUNILVR 1564.35 1495.55 1426.75 1400.90 1357.93 1332.05 1289.10 1220.30 1151.50
IBULHSGFIN 1701.65 1570.85 1440.05 1394.25 1309.22 1263.40 1178.40 1047.60 916.80
ICICIBANK 346.35 322.20 298.05 289.00 273.90 264.85 249.75 225.60 201.45
INDUSINDBK 1981.65 1927.55 1873.45 1851.20 1819.35 1797.10 1765.25 1711.15 1657.05
INFRATEL 380.00 365.85 351.70 344.85 337.55 330.70 323.40 309.25 295.10
INFY 1226.85 1195.55 1164.25 1145.90 1132.95 1114.60 1101.65 1070.35 1039.05
IOC 200.55 191.75 182.95 178.60 174.13 169.75 165.30 156.50 147.70
ITC 279.15 272.60 266.05 263.55 259.48 256.95 252.90 246.35 239.80
KOTAKBANK 1316.70 1242.75 1168.80 1140.65 1094.85 1066.70 1020.90 946.95 873.00
LT 1463.75 1414.45 1365.15 1341.45 1315.82 1292.10 1266.50 1217.20 1167.90
LUPIN 1105.65 1002.85 900.05 854.50 797.25 751.70 694.45 591.65 488.85
M&M 913.80 864.25 814.70 793.10 765.13 743.50 715.55 666.00 616.45

Weekly Pivots
MARUTI 9956.35 9679.60 9402.85 9298.95 9126.08 9022.15 8849.30 8572.55 8295.80
NTPC 188.20 181.80 175.40 172.50 168.98 166.05 162.55 156.15 149.75
ONGC 196.15 189.95 183.75 180.40 177.53 174.15 171.30 165.10 158.90
POWERGRID 217.25 210.25 203.25 199.60 196.25 192.60 189.25 182.25 175.25
RELIANCE 1005.00 971.75 938.50 925.25 905.23 891.95 871.95 838.70 805.45
SBIN 306.20 289.20 272.20 265.50 255.18 248.45 238.15 221.15 204.15
SUNPHARMA 565.55 546.30 527.05 519.55 507.80 500.30 488.55 469.30 450.05
TATAMOTORS 475.10 435.45 395.80 379.60 356.15 339.95 316.50 276.85 237.20
TATASTEEL 676.90 643.95 611.00 598.55 578.05 565.60 545.10 512.15 479.20
TCS 3285.75 3162.00 3038.25 2989.00 2914.48 2865.20 2790.70 2666.95 2543.20
TECHM 752.40 709.15 665.90 642.00 622.62 598.70 579.35 536.10 492.85
TITAN 1079.80 1030.10 980.40 959.40 930.70 909.70 881.00 831.30 781.60
ULTRACEMCO 4731.75 4481.35 4230.95 4088.50 3980.53 3838.05 3730.10 3479.70 3229.30
UPL 869.85 830.30 790.75 772.00 751.20 732.45 711.65 672.10 632.55
VEDL 343.50 323.25 303.00 293.95 282.72 273.65 262.45 242.20 221.95
WIPRO 320.55 308.55 296.55 290.30 284.55 278.30 272.55 260.55 248.55
YESBANK 361.60 345.20 328.80 321.20 312.40 304.80 296.00 279.60 263.20
ZEEL 639.55 619.85 600.15 591.70 580.45 572.00 560.75 541.05 521.35

NIFTY OPTIONS OPEN INTEREST ANALYSISLONG BUILD-UP
SCRIP
CHANGE IN
OI (In %)
PRICE CHANGE
(In %)
SHORT COVERING
SCRIP
CHANGE IN
OI (In %)
PRICE CHANGE
(In %)
SHORT BUILD-UP
SCRIP
CHANGE IN
OI (In %)
PRICE CHANGE
(In %)
LONG UNWINDING
SCRIP
CHANGE IN
OI (In %)
PRICE CHANGE
(In %)
Analysis : As per the analysis of
above chart.
Major Resistance Level: 10500.
Major Support Levels:- 10000.
Open Interest & price Analysis
RCOM 33.33% 11.87%
BERGEPAINT 23.28% 3.55%
SRTRANSFIN 17.80% 9.88%
MRF 11.07% 6.41%
BHARATFORG 9.80% 3.91%
AMBUJACEM -45.38% 2.90%
NHPC -32.03% 3.05%
REPCOHOME -32.55% 10.04%
BAJAJFINSV -41.47% 6.36%
- - -
PCJEWELLER 21.20% -6.91%
- - -
- - -
- - -
- - -
ADANIENT -52.63% -4.38%
COALINDIA -25.36% -2.22%
- - -
- - -
- - -

NIFTY WEEKLY PIVOTS
PARTICULAR LEVEL
Fundamental Outlook
Last week, index started on cheerful note after an extended weekend and traded with positive note for first couple
of days. However it showed a complete contrasting view on Wednesday due to some developments over the global
trade war, resulting pull back in all the major world indices including Dow and HANG SENG futures. In the latter half
of the week, market again lifted higher on the back of a smart recovery in US market.
On the Economic front, RBI policy was on expected lines as RBI has maintained status quo in current monetary pol-
icy statement in hope of soon cut in policy rate and given a further boost to demand and investments. The RBI's
macro numbers like inflation, GDP forecasts, Monsoon and Crude Oil prices were among the major Economic events
in last week. FII DII activity was again remained baffling for the investors as buying were seen from DII in whole
week while FII remain bearish in their approach. Nifty P/E ratio was in the range of 25.14 to 25.64 for the past week
Technical Outlook
Last week Nifty Future recovered and reclaimed its 10300 mark with addition of fresh buying and short covering. On
Nifty options front, maximum open interest concentration for April series is placed at 10500 call and 10000 put op-
tions. On daily charts Nifty has showed a fresh buying as it has crosses its major resistance levels of 10300 and gave
closing above these levels.
Continued …....
Nifty Analysis
R4 11048.30
R3 10793.30
R2 10538.30
R1 10445.60
PP 10283.30
S1 10190.60
S2 10028.30
S3 9773.30
S4 9518.30

Short term moving averages is also supporting to the bulls as index has managed to surpass its initial hurdle of 20
EMA or 10250 levels on daily chart. We are expecting market may soon rally towards 10450-10500 levels. On the
downside, 10280 followed by 10225 would be seen as immediate support levels.
Continued …....
TECHNICAL INDICATOR
ANALYSIS
INDICATOR
CURRENT
TREND
WEEKLY STRATEGY
PERTICULAR DETAILS
For this week, traders can adopt buy on lower level strategy in it and above the level of 10380, it can test the
level of Rs. 10500 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 10280.
Nifty Analysis
Action BUY
Entry Price Above 10380
Target 10500
Stop Loss 10298
20 Days EMA POSITIVE
50 Days EMA NEGATIVE
200 Days EMA POSITIVE
RSI POSITIVE
MACD POSITIVE
STOCHASTIC POSITIVE

Last week, Bank Nifty Futures started on positive note and traded with positive sentiments for first couple of
days. On Wednesday, it witnessed a sharp fall due to of global events. The index resumed its up move post the
RBI policy as it gained from strength to strength and formed an intraday high of 24974 in late trade. It gave clos-
ing on positive note as bulls were in firm control. We are expecting the index to move up side inch closer to-
wards 25300-25600 levels.
WEEKLY STRATEGY
PERTICULAR DETAILS
For this week, traders can adopt buy on lower level strategy in it and above the level of 25000, it can test the
level of Rs. 25300 & 25600 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs.
24800.
WEEKLY PIVOTS
PARTICULAR LEVEL
Bank Nifty Analysis
R4 27240.05
R3 26381.80
R2 25523.55
R1 25214.85
PP 24665.30
S1 24356.60
S2 23807.05
S3 22948.80
S4 22090.55
Action BUY
Entry Price Above 25000
Target 25300
Stop Loss 24800

Technical Outlook
Dmart is in overall long term bullish trend. Last week, stock started on positive note and traded with bullish
movement throughout the week and gave closing on positive note after giving breakout of its major resistance
levels if 1400. Its bullish trend is supported by important moving averages on daily chart coupled with candle
pattern which shows good strength in buying. MACD Histogram is also placed at 9.21 giving further buying sig-
nals.
For this week, traders can adopt buy on lower level strategy in it and above the level of 1425 it can test the level
of Rs. 1489 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 1395.
DMART Cash ( Call of the Week )
WEEKLY STRATEGY
PERTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
R4 1683.00
R3 1585.35
R2 1487.70
R1 1453.75
PP 1390.05
S1 1356.10
S2 1292.40
S3 1194.75
S4 1097.10
ACTION BUY
ENTRY PRICE Above 1425.00
TARGET 1489.00
STOP LOSS 1395.00

Technical Outlook
Last week, DBL started the week on positive note and showed good positive rally, however in remaining trad-
ing sessions, stock remained in consolidation phase. On daily chart it shows a good consolidation on higher
levels and trading above its 21, 50 & 100 days moving averages. Stock has crossed its 52 week’s high and trad-
ing above this levels .MACD Histogram is firmly placed at 30.45 and giving buying signals.
For this week, traders can adopt buy on lower level strategy in it and above the level of 1208 it can test the level
of Rs. 1256 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 1184.
DBL Cash ( Call of the Week )
WEEKLY STRATEGY
PERTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
R4 1678.90
R3 1496.30
R2 1313.70
R1 1247.80
PP 1131.1
S1 1065.20
S2 948.50
S3 765.90
S4 583.30
ACTION BUY
TARGET 1256.00
STOP LOSS 1184.00

Technical Outlook
Last week HAVELLS Apr Futures started the week on positive note and continued the same for the entire week.
It made a high of 535.75 on the last day of the week and closed at 533.20 with the overall profit of 7.55% on
weekly basis. Technically for this week, we can expect upside movement in it as the stock crosses its measure
resistance levels of 530 and sustaining above the same.
For this week, if it breaks the level of 540.00 on the upside, then it can test the level of 560.00 during the week.
One can make buy position in it by maintaining a SL of 536.
HAVELLS Futures ( Call of the Week )
WEEKLY STRATEGY
PERTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
R4 665.95
R3 616.80
R2 567.65
R1 550.40
PP 518.5
S1 501.25
S2 469.35
S3 420.20
S4 371.05
ACTION BUY
TARGET 560.00
STOP LOSS 536.00

Technical Outlook
Last week BIOCON Apr Futures started the week on positive note and consolidated for the entire week. It
made a high of 613.45 on the last day of week and closed at 607.85 with the overall loss of 1.00% on weekly
basis. Technically for this week, we can expect upside movement in it as the stock crosses its measure resis-
tance levels of 628 and sustaining above the same levels.
For this week, if it breaks the level of 628.00 then it can test the level of 638.00 during the week. One can
make buy position in it by maintaining a SL of 621.
BIOCON Futures ( Call of the Week )
WEEKLY STRATEGY
PERTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
R4 675.30
R3 651.40
R2 627.50
R1 617.65
PP 603.6
S1 593.75
S2 579.70
S3 555.80
S4 531.90
ACTION BUY
TARGET 638.00
STOP LOSS 621.00

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or potential conflicts of interest. To ensure compliance with the regulatory body, we have resolved that the company and all its representatives will not make any trades in the market.
हाई ब्रो भाके ट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटेड मा उसके सहमोगी कं ऩननमां अनुसंधान रयऩोटा भें शालभर कं ऩननमों के साथ कायोफाय नहीं कयती हैं औय न ही ककसी बी तयह के उत्ऩादों / प्रनतबूनतमों के जायीकताा के साथ जुडी हैं, जो मह सुननक्श्चत कयता है
कक टहतों के लरए कोई वास्तववक मा संबाववत संघषा नहीं है | ननमाभक ननकाम के अनुऩारन को सुननक्श्चत कयने के लरए हभने मह तम ककमा है कक कं ऩनी औय उसके कोई बी प्रनतननधध फाज़ाय भें ट्रेड नहीं कयेंगे।
Clients are advised to consider information provided in the report as opinion only & make investment decision of their own. Clients are also advised to read & understand terms & conditions of services published on website. No litigations have
been filed against the company since the incorporation of the company by regulatory body.
Disclaimer

ग्राहकों को मह सराह दी जाती है कक वे रयऩोटा भें दी गई जानकायी को के वर याम के रूऩ भें देखें औय ननवेश के लरए स्वमं पै सरा कयें | ग्राहकों को वेफसाइट ऩय प्रकालशत सेवाओं के ननमभों औय शतों को ऩढ़ने औय सभझने की बी सराह दी जाती है | कं ऩनी के
ननगभन के फाद ननमाभक ननकाम द्वायाकं ऩनी के खखराप कोई भुकदभा (माधचका) दामय नहीं ककमा गमा है।
DISCLOSURE APPENDIX (प्रकटीकयण ऩरयलशष्ट ) :
The reports are prepared by analysts who are employed by High Brow Market Research Investment Advisor Pvt. Ltd. All the views expressed in this report herein accurately reflects personal views about the subject company or companies &
their securities and no part of compensation was, is or will be directly or indirectly related to the specific recommendations or views contained in this research report.
रयऩोटा ववश्रेषकों द्वाया तैमाय की गमी है जो द्वाया हाई ब्रो भाके ट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटेड द्वाया ननमुवत हैं | इस रयऩोटा भें व्मवत सबी ववचाय कं ऩनी के फाये भें व्मक्वतगत ववचायों को दशााता है औय कं ऩननमों औय उनकी प्रनतबूनतमां औय
ऺनतऩूनता (भुआवजे) का कोई टहस्सा, मा इस शोध रयऩोटा भें ननटहत ववशेष सुझावों मा ववचायों से प्रत्मऺ मा अप्रत्मऺ रूऩ से संफंधधत नहीं होगा।
DISCLOSURE IN TERMS OF CONFLICT OF INTEREST (टहतों के संघषा के भाभरे भें प्रकटीकयण ):
(a) High Brow Market Research Pvt. Ltd. or his associate or his relative has no financial interest in the subject company and the nature of such financial interest;
(अ) हाई ब्रो भाके ट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटेड मा उसके सहमोगी मा उनके ककसी बी तत्कार रयश्तेदाय की ववषम कं ऩनी भें कोई ववत्तीम रुधच नहीं है औय न ही इस तयह की ववत्तीम टहत की प्रकृ नत है|
(a) High Brow Market Research Pvt. Ltd. or its associates or relatives, have no actual/beneficial ownership of one percent or more in the securities of the subject company,
(फ) हाई ब्रो भाके ट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटेड मा उसके सहमोगी मा उनके ककसी बी तत्कार रयश्तेदाय की ववषम कं ऩनी की प्रनतबूनतमों भें एक प्रनतशत मा उससे अधधक के वास्तववक / पामदेभंद स्वालभत्व नहीं हैं |
(a) High Brow Market Research Pvt. Ltd. or its associate has no other material conflict of interest at the time of publication of the research report or at the time of public appearance;
(स) हाई ब्रो भाके ट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटेड मा उसके सहमोधगमों को अनुसंधान रयऩोटा के प्रकाशन के सभम मा सावाजननक रूऩ से उऩक्स्थत होने के सभम कोई अन्म बौनतक संघषा नहीं है|
DISCLOSURE IN TERMS OF COMPENSATION ( ऺनतऩूनता के संदबा भें प्रकटीकयण):
High Brow Market Research Investment Advisor Pvt. Ltd. policy prohibits its analysts, professionals reporting to analysts from owning securities of any company in the analyst's area of coverage.
Analyst compensation: Analysts are salary based permanent employees of High Brow Market Research Pvt. Ltd.
हाई ब्रो भाके ट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटेड की ऩॉलरसी अऩने ववश्रेषकों, ऩेशेवयों को ववश्रेषक के ऺेत्र भें ककसी बी कं ऩनी की प्रनतबूनतमों के स्वाभी से ववश्रेषकों को रयऩोटा कयने से योकती है।
ववश्रेषक ऺनतऩूनता : ववश्रेषक हाई ब्रो भाके ट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटेड के वेतन आधारयत स्थामी कभाचायी है |
DISCLOSURE IN TERMS OF PUBLIC APPEARANCE (सावाजननक प्रकटन के भाभरे भें प्रकटीकयण ) :
(a) High Brow Market Research Pvt. Ltd. or its associates have not received any compensation from the subject company in the past twelve months;
(अ) हाई ब्रो भाके ट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटेड मा उसके सहमोगीमों ने वऩिरे 12 भहीनों भें ववषम कं ऩनी से कोई भुआवजा प्राप्त नहीं ककमा है |
(b) The subject company is not now or never a client during twelve months preceding the date of distribution of the research report.
(ब) अनुसंधान रयऩोटा के ववतयण की नतधथ से ऩूवा फायह भहीनों के दौयान ववषम कं ऩनी अफ मा कबी बी ग्राहक नहीं यही है।
(c ) High Brow Market Research Pvt. Ltd. or its associates has never served as an officer, director or employee of the subject company;
(स) हाई ब्रो भाके ट अनुसंधान ननवेश सराहकाय प्राइवेट लरलभटेड मा उसके सहमोगीमों ने ववषम कं ऩनी के अधधकायी, ननदेशक मा कभाचायी के रूऩ भें कबी बी काभ
Disclaimer

Equity Research Report 09 April 2018 Ways2Capital

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