Equity Research Report 21 August 2018 Ways2Capital

HIGH BROW MARKET RESEARCH INVESTMENT ADVISOR PRIVATE LIMITED
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CURRENCY MARKET UPDATE
CURRENCY PAIR
CURRENT
CLOSING
PREVIOUS
CLOSING
WEEKLY
% CHANGE
MAJOR INDICES
INDEX
CLOSING AS ON 17
th Aug 18
WEEKLY CHANGES
WEEKLY
% CHANGE
COMMODITY MARKET UPDATE
COMMODITY
CURRENT
CLOSING
PREVIOUS
CLOSING
WEEKLY
% CHANGE
Market Wrap–Up
Nifty 11470.75 41.25 0.36%
Nifty 100 11747.2 39.85 0.34%
Nifty 200 6105.50 29.80 0.49%
Nifty 500 9770.2 45.75 0.47%
Nifty VIX 13.16 0.31 2.41%
Nifty Bank 28128.55 4.30 0.02%
Nifty Auto 10878.70 39.25 0.36%
Nifty Finance 11621.65 -147.10 -1.25%
Nifty FMCG 32340.05 865.15 2.75%
Nifty IT 15126.4 447.15 3.05%
Nifty Media 2845.30 -57.90 -1.99%
Nifty Metal 3394.1 -40.65 -1.18%
Nifty Pharma 9693.85 555.60 6.08%
Nifty PSU Banks 3222.05 -28.80 -0.89%
Nifty PVT Bank 16027.55 84.95 0.53%
Nifty Realty 276.05 3.75 1.38%
USDINR 70.3100 68.9925 1.91%
GBPINR 89.3700 88.1875 1.34%
EURINR 80.0150 79.2175 1.01%
JPYINR 63.4375 62.2375 1.93%
EURUSD 1.1403 1.1444 -0.36%
GBPUSD 1.2743 1.2745 -0.02%
Dollar Index 96.00 96.22 -0.23%
Gold COMEX 1191.80 1211.10 -1.59%
Gold MCX 29349 29783 -1.46%
Crude Oil NYMEX 65.91 67.63 -2.54%
Crude Oil MCX 4571 4642 -1.53%
Brent Oil NYMEX 71.80 72.81 -1.39%
Copper MCX 407.65 419.60 -2.85%
Natural Gas NYMEX 2.946 2.944 0.07%

WEEKLY GAINERS
SCRIP
CLOSING
PRICE
WEEKLY
% CHANGE
52 WEEK
HIGH
WEEKLY LOSERS
SCRIP
CLOSING
PRICE
WEEKLY
% CHANGE
52 WEEK
LOW
Market at a Glance
SUN
PHARMA
623.30 9.22% 633.25
LUPIN 879.35 7.14% 1090
TECH
MAHINDRA
686.80 6.27% 729
DR. REDDYS
LABS
2363.35 5.74% 2611.8
HCL TECH 1003.45 4.77% 1106.6
VEDANTA 215.00 -6.72% 200.75
INDIABULLS
HOUSING
1268.45 -6.01% 1080.45
SBIN 302.00 -4.57% 232
HINDPETRO 267.55 -4.51% 251.1
HDFC 1888.90 -4.48% 1638

ECONOMIC EVENTS CALENDER
TIME CURRENY EVENT FORECAST PREVIOUS
Economic Calendar
Wednesday, August 22, 2018
Holiday INR India - Eid al-Adha All Day
2:00 USD API Weekly Crude Oil Stock - 3.660M
Tentative GBP Inflation Report Hearings - -
19:30 USD Existing Home Sales (MoM) (Jul) 1.20% -0.60%
19:30 USD Existing Home Sales (Jul) 5.40M 5.38M
20:00 USD Crude Oil Inventories - 6.805M
20:00 USD Cushing Crude Oil Inventories - 1.643M
23:30 USD FOMC Meeting Minutes - -
Thursday, August 23, 2018
18:00 USD Initial Jobless Claims 215K 212K
Tentative USD Jackson Hole Symposium - -
19:15 USD Manufacturing PMI (Aug) 55.1 55.3
19:15 USD Markit Composite PMI - 55.7
19:15 USD Services PMI (Aug) 56.2 56
19:30 USD New Home Sales (Jul) 645K 631K
19:30 USD New Home Sales (MoM) (Jul) 2.50% -5.30%
Friday, August 24, 2018
14:00 GBP Gross Mortgage Approvals - 40.5K
18:00 USD Cap Goods Ship Non Defense Ex Air (MoM) - 0.80%
18:00 USD Core Durable Goods Orders (MoM) (Jul) 0.50% 0.20%
18:00 USD Durable Goods Orders (MoM) (Jul) -0.80% 0.80%

Continued .......
Weekly Pivots
ADANIPORTS 410.70 398.40 386.10 380.30 373.80 368.00 361.50 349.20 336.90
ASIANPAINT 1506.70 1472.10 1437.50 1418.75 1402.87 1384.10 1368.25 1333.65 1299.05
AXISBANK 718.80 686.40 654.00 640.55 621.57 608.10 589.15 556.75 524.35
BAJAJ-AUTO 2864.45 2792.45 2720.45 2690.90 2648.45 2618.90 2576.45 2504.45 2432.45
BAJAJFINSV 7887.55 7616.35 7345.15 7219.10 7073.93 6947.85 6802.70 6531.50 6260.30
BAJFINANCE 3299.20 3145.40 2991.60 2921.40 2837.80 2767.60 2684.00 2530.20 2376.40
BHARTIARTL 407.75 395.00 382.25 376.00 369.50 363.25 356.75 344.00 331.25
BPCL 460.10 434.80 409.50 393.25 384.17 367.90 358.85 333.55 308.25
CIPLA 764.15 723.35 682.55 664.30 641.73 623.45 600.90 560.10 519.30
COALINDIA 313.15 302.55 291.95 286.70 281.33 276.05 270.70 260.10 249.50
DRREDDY 2918.25 2722.10 2525.95 2444.45 2329.80 2248.30 2133.65 1937.50 1741.35
EICHERMOT 32453.00 31213.00 29973.00 29236.00 28733.00 27996.00 27493.00 26253.00 25013.00
GAIL 492.80 456.40 420.00 404.20 383.60 367.80 347.20 310.80 274.40
GRASIM 1289.65 1198.55 1107.45 1075.10 1016.32 983.95 925.20 834.10 743.00
HCLTECH 1143.00 1093.70 1044.40 1024.70 995.08 975.35 945.75 896.45 847.15
HDFC 2180.30 2090.65 2001.00 1941.65 1911.32 1851.95 1821.65 1732.00 1642.35
NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT)
SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4

Continued .......
Weekly Pivots
HDFCBANK 2198.60 2160.00 2121.40 2099.20 2082.80 2060.60 2044.20 2005.60 1967.00
HEROMOTOCO 3613.10 3501.20 3389.30 3319.65 3277.37 3207.70 3165.45 3053.55 2941.65
HINDALCO 250.25 239.80 229.35 224.30 218.90 213.85 208.45 198.00 187.55
HINDPETRO 331.65 311.95 292.25 279.85 272.53 260.10 252.80 233.10 213.40
HINDUNILVR 1954.70 1891.85 1829.00 1806.50 1766.12 1743.60 1703.25 1640.40 1577.55
IBULHSGFIN 1448.60 1391.00 1333.40 1300.20 1275.77 1242.55 1218.15 1160.55 1102.95
ICICIBANK 395.35 375.15 354.95 347.50 334.73 327.25 314.50 294.30 274.10
INDUSINDBK 2095.15 2058.15 2021.15 2005.30 1984.13 1968.25 1947.10 1910.10 1873.10
INFRATEL 308.60 300.05 291.50 286.90 282.93 278.30 274.35 265.80 257.25
INFY 1591.15 1532.20 1473.25 1449.90 1414.30 1390.95 1355.35 1296.40 1237.45
IOC 191.45 181.60 171.75 165.65 161.88 155.75 152.00 142.15 132.30
ITC 347.20 335.05 322.90 318.30 310.72 306.10 298.55 286.40 274.25
KOTAKBANK 1435.70 1379.65 1323.60 1292.30 1267.52 1236.20 1211.45 1155.40 1099.35
LT 1406.50 1353.70 1300.90 1270.15 1248.07 1217.30 1195.25 1142.45 1089.65
LUPIN 1106.50 1022.75 939.00 909.50 855.23 825.70 771.45 687.70 603.95
M&M 1046.90 1016.70 986.50 973.95 956.27 943.70 926.05 895.85 865.65

Weekly Pivots
MARUTI 9972.45 9698.15 9423.85 9286.90 9149.55 9012.60 8875.25 8600.95 8326.65
NTPC 170.50 166.40 162.30 160.20 158.17 156.05 154.05 149.95 145.85
ONGC 184.10 177.70 171.30 167.25 164.87 160.80 158.45 152.05 145.65
POWERGRID 200.50 196.25 192.00 189.75 187.75 185.50 183.50 179.25 175.00
RELIANCE 1304.35 1269.85 1235.35 1219.00 1200.85 1184.50 1166.35 1131.85 1097.35
SBIN 336.10 323.55 311.00 306.60 298.42 294.00 285.85 273.30 260.75
SUNPHARMA 844.70 763.90 683.10 652.00 602.30 571.20 521.50 440.70 359.90
TATAMOTORS 305.10 288.10 271.10 265.10 254.08 248.05 237.05 220.05 203.05
TATASTEEL 650.10 625.65 601.20 590.95 576.75 566.50 552.30 527.85 503.40
TCS 2132.30 2090.10 2047.90 2028.95 2005.67 1986.70 1963.45 1921.25 1879.05
TECHM 804.15 761.15 718.15 703.30 675.13 660.25 632.10 589.10 546.10
TITAN 1035.40 1000.95 966.50 953.55 932.05 919.10 897.60 863.15 828.70
ULTRACEMCO 4762.50 4597.55 4432.60 4360.30 4267.65 4195.35 4102.70 3937.75 3772.80
UPL 724.50 688.70 652.90 634.95 617.07 599.10 581.25 545.45 509.65
VEDL 251.95 238.90 225.85 220.20 212.77 207.10 199.70 186.65 173.60
WIPRO 310.45 300.90 291.35 286.15 281.80 276.60 272.25 262.70 253.15
YESBANK 468.70 441.20 413.70 404.25 386.18 376.70 358.65 331.15 303.65
ZEEL 570.10 549.25 528.40 515.95 507.55 495.10 486.70 465.85 445.00

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: 11600
Major Support Levels: 11400
Open Interest & Price Analysis
OFSS 54.48% 3.72%
APOLLOHOSP 31.64% 25.43%
PAGEIND 29.13% 8.00%
BALKRISIND 23.66% 9.20%
GRASIM 21.87% 7.06%
JETAIRWAYS -27.41% 10.98%
BERGEPAINT -23.75% 1.09%
TATAGLOBAL -12.04% 3.89%
- - -
- - -
REPCOHOME 38.92% -2.41%
ALBK 36.30% -10.91%
IGL 30.18% -7.45%
ICICIPRULI 30.00% -5.54%
CADILAHC 29.18% -5.16%
EQUITAS -18.73% -2.04%
CHENNPETRO -13.32% -8.38%
ADANIPORTS -10.49% -1.22%
- - -
- - -

NIFTY WEEKLY PIVOTS
PARTICULAR LEVEL
Fundamental Outlook
Despite underperformance from most of the global markets Our Indian Equity benchmarks ended the last week on
a positive note as benchmark indices closing with strong gains with bulls controlled the D-Street. The Nifty-50
closed almost 41.25 points higher and ended well above 11,450. Most of the sectors closed in the green, with major
gains was seen among, FMCG, Pharma , and It index while banking remained sideways. Midcaps index , too, sawed
some strong rally on last trading sessions of the week, rising over 1 percent. On global front only Dow Jones
showed some positivity as it closed with 1.41% gain on weekly basis otherwise all other major global index re-
mained on subdued note. USD/INR was remained on higher side as it hits its fresh all time high of 70.4925. Despite
weakening of Indian Rupees our Indian equity market reacted differently on the hopes of positive indications from
Indian Government and RBI.
Technical Outlook
Index started the last week on gap down note but soon recovered from lower levels and continued its bullish on
Tuesday. On Thursday Index showed some correction from higher levels. Friday's session was fully dominated by
the bulls and index made a strong comeback post Thursday’s jitters as it signed off the last session of the week with
a bullish candle. The index formed bullish candle on the daily candlestick charts as well as weekly scale. It closed
half a percent higher for the truncated week. If Index sustain above 11,450 levels it should once again create history
with new highs by clearing the recent top of 11,507 levels Continued …....
Nifty Analysis
R4 11910.20
R3 11756.80
R2 11603.40
R1 11545.95
PP 11450.00
S1 11392.55
S2 11296.60
S3 11143.20
S4 10989.80

Next resistance, on medium term charts for Index is placed around 11,630 levels. On the downsides 11,400 levels
looks critical , below which bears can once again dominate in short term .On option front, maximum Put open
interest was seen at 11,000 strike while maximum Call OI was at 11,500.
Continued …....
TECHNICAL INDICATOR
ANALYSIS
INDICATOR
CURRENT
TREND
WEEKLY STRATEGY
PARTICULAR DETAILS
For this week, traders can adopt buy on lower level strategy in it and above the level of 11510. It can test the
level of Rs. 11630 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 11410.
Nifty Analysis
ACTION BUY
ENTRY PRICE ABOVE 11510
TARGET 11630
STOP LOSS 11410
20 Days EMA POSITIVE
RSI POSITIVE
MACD POSITIVE
STOCHASTIC POSITIVE

The Nifty Bank index opened on gap down note on Monday but soon recovered from lower levels and continued its bullish
run throughout the week. Friday's session was fully dominated by the bulls as index railed 300 points which led index to give
closing on positive note on weekly basis. Going ahead, if index manages to sustain above the levels of 28200 then it can ex-
tend its up move further till 28300-28500 levels . Bank Nifty has crucial resistance of 28380 levels a break above which could
trigger a fresh breakout, while 27820 levels remains an important support levels for the Bank Nifty index.
WEEKLY STRATEGY
PARTICULAR DETAILS
For this week, traders can adopt buy on lower level strategy in it and above the level of 28210. It can test the
level of Rs. 28400 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 28060.
WEEKLY PIVOTS
PARTICULAR LEVEL
Bank Nifty Analysis
ACTION BUY
ENTRY PRICE ABOVE 28000
TARGET 28190
STOP LOSS 27890
R4 29217.50
R3 28834.60
R2 28451.70
R1 28310.60
PP 28068.80
S1 27927.70
S2 27685.90
S3 27303.00
S4 26920.10

Technical Outlook
Overall trend of the Stock is bullish for long term . For short-medium term stock was in some consolidation phase . Last
week stock started on positive note and traded with bullish movement throughout the week . On daily chart it has gave
breakout of triangle pattern. if it manages to trade above 584 levels than good up side move can seen in it. in intraday it
showed a good positive move.
For this week, traders can adopt buy on lower level strategy in it and above the level of 584 it can test the level
of Rs. 604 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 572
RBL Cash( Call of the Week )
WEEKLY STRATEGY
PARTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
R4 630.50
R3 610.70
R2 590.90
R1 582.20
PP 571.10
S1 562.40
S2 551.30
S3 531.50
S4 511.70
ACTION BUY
ENTRY PRICE ABOVE 584.00
TARGET 604.00
STOP LOSS 572.00

Technical Outlook
Overall trend of the Stock is bearish for long term . For short-medium term stock is in some recovery phase.
Last week stock started on negative note and traded with sideways movement throughout the week. Stock is
showing good buying from lower levels on daily chart . It can show good positive move in coming weeks if it
manages to trade above 445 levels. On intraday chart it has showed a good move.
For this week, traders can adopt buy on lower level strategy in it and above the level of 445 it can test the level
of Rs. 462 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 435.
RELCAPITAL Cash ( Call of the Week )
WEEKLY STRATEGY
PARTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
ACTION BUY
TARGET 462.00
STOP LOSS 435.00
R4 508.00
R3 481.70
R2 455.40
R1 445.70
PP 429.1
S1 419.40
S2 402.80
S3 376.50
S4 350.20

Technical Outlook
Last week, ARVIND Aug Futures started the week on positive note and continued the same for the entire week.
It made a high of 403.20 during the week and closed at 401.95 with the overall gain of 2.41% on weekly basis.
Technically it’s recovering from the lower levels with the positive technical indicators and for this week, we can
expect further long unwinding in it.
For this week, traders can adopt buy on lower levels strategy in it and above the level of 406 it can test the
level of Rs. 416 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 399.90
ARVIND FUTURES( Call of the Week )
WEEKLY STRATEGY
PARTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
R4 454.90
R3 435.35
R2 415.80
R1 408.85
PP 396.25
S1 389.30
S2 376.70
S3 357.15
S4 337.60
ACTION BUY
TARGET 416.00
STOP LOSS 399.90

Last week, APOLLOTYRE Aug Futures started the week on negative note and after that it witnessed
choppy movement for the entire week. It made a high of 270.05 during the week and closed 267.55
with the overall gain of almost 1% on weekly basis. Technically it’s in overall consolidation phase and
sustaining below the trend line breakout with the negative RSI. For this week, we can expect down-
side movement in it.
For this week, traders can adopt sell on higher levels strategy in it and below the level of 262 it can test the
level of Rs.256 during the week. Trades can make sell position in it by maintaining a Stop Loss of Rs. 265.00
APOLLO TYRE FUTURES ( Call of the Week )
WEEKLY STRATEGY
PARTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
ACTION BUY
TARGET 1341.00
STOP LOSS 1291.00
R4 293.35
R3 284.30
R2 275.25
R1 271.40
PP 266.20
S1 262.35
S2 257.15
S3 248.10
S4 239.05

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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 माकेट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड या उसके सहयोगी कंपननयां अनुसंधान ररपोटा में शानमल कंपननयों के साथ कारोबार नहीं करती हैं और न ही ककसी भी तरह के उत्पादों / प्रनतभूनतयों के जारीकताा के साथ जुडी हैं, जो यह सुनननित करता है कक नहतों के नलए कोई वास्तनवक या
संभानवत संघषा नहीं है | ननयामक ननकाय के अनुपालन को सुनननित करने के नलए हमने यह तय ककया है कक कंपनी और उसके कोई भी प्रनतनननध बाज़ार में ट्रेड नहीं करेंगे।
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 यह सलाह दी जाती है कक वे ररपोटा में दी गई जानकारी को केवल राय के रूप में देखें और ननवेश के नलए स्वयं िंै सला करें | ग्राहकों को वेबसाइट पर प्रकानशत सेवाओं के ननयमों और शतों को पढ़ने और समझने की भी सलाह दी जाती है | कं पनी के ननगमन के बाद ननयामक ननकाय द्वाराकंपनी के
नखलािं कोई मुकदमा (यानचका) दायर नहीं ककया गया है।
DISCLOSURE APPENDIX ( प्रकटीकरण पररनशष्ट ) :
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.
ररपोटा नवश्लेषकों द्वारा तैयार की गयी है जो द्वारा हाई ब्रो माकेट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड द्वारा ननयुक्त हैं | इस ररपोटा में व्यक्त सभी नवचार कंपनी के बारे में व्यनक्तगत नवचारों को दशााता है और कंपननयों और उनकी प्रनतभूनतयां और क्षनतपूर्तत (मुआवजे) का कोई नहस्सा, या इस
शोध ररपोटा में नननहत नवशेष सुझावों या नवचारों से प्रत्यक्ष या अप्रत्यक्ष रूप से संबंनधत नहीं होगा।
DISCLOSURE IN TERMS OF CONFLICT OF INTEREST (नहतों के संघषा के मामले में प्रकटीकरण ):
(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 माकेट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड या उसके सहयोगी या उनके ककसी भी तत्काल ररश्तेदार की नवषय कंपनी में कोई नवत्तीय रुनच नहीं है और न ही इस तरह की नवत्तीय नहत की प्रकृनत 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,
( ब) हाई ब्रो माकेट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड या उसके सहयोगी या उनके ककसी भी तत्काल ररश्तेदार की नवषय कंपनी की प्रनतभूनतयों में एक प्रनतशत या उससे अनधक के वास्तनवक / िंायदेमंद स्वानमत्व 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 माकेट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड या उसके सहयोनगयों को अनुसंधान ररपोटा के प्रकाशन के समय या सावाजननक रूप से उपनस्थत होने के समय कोई अन्य भौनतक संघषा नहीं है|
DISCLOSURE IN TERMS OF COMPENSATION ( क्षनतपूर्तत के संदभा में प्रकटीकरण):
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 माकेट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड की पॉनलसी अपने नवश्लेषकों, पेशेवरों को नवश्लेषक के क्षेत्र में ककसी भी कंपनी की प्रनतभूनतयों के स्वामी से नवश्लेषकों को ररपोटा करने से रोकती है।
नवश्लेषक क्षनतपूर्तत : नवश्लेषक हाई ब्रो माकेट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड के वेतन आधाररत स्थायी कमाचारी है |
DISCLOSURE IN TERMS OF PUBLIC APPEARANCE (सावाजननक प्रकटन के मामले में प्रकटीकरण ) :
(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 माकेट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड या उसके सहयोगीयों ने नपिले 12 महीनों में नवषय कंपनी से कोई मुआवजा प्राप्त नहीं ककया 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 ररपोटा के नवतरण की नतनथ से पूवा बारह महीनों के दौरान नवषय कंपनी अब या कभी भी ग्राहक नहीं रही 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 माके ट अनुसंधान ननवेश सलाहकार प्राइवेट नलनमटेड या उसके सहयोगीयों ने नवषय कंपनी के अनधकारी, ननदेशक या कमाचारी के रूप में कभी भी काम
Disclaimer

Equity Research Report 21 August 2018 Ways2Capital

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