The article discusses covered call options strategy and put options strategy. For covered calls, the trader should have conviction that they will exit the investment at a particular price by selling a call option at a higher strike price. Put options allow investors to protect their downside by buying a put, limiting losses to the premium paid. Investors can also buy portfolio protection puts based on the portfolio's beta. Writing put options allows investors to enter a stock or market at a lower price by selling put options at that price.

1. YEAR -1 | Vol 1 | Issue 42 | Ludhiana | Price Rs.2/- Wednesday 17 June, 2020
DERIVATIVES DECODED
by Nitin Shahi
In the last article we
discussed covered call, one
of the major point to
consider is the trader should
have a conviction that I will
get out of this investment at
a particular price and he
should sell call of the strike
price which is higher than his
consideration.
There are investors who do not
want to get out of the trade or
they are unable to calculate the
exit point. For all those investors
they can protect the down side by
buying a put, the same had been
discussed earlier when Put option
were discussed. Thus by buying
Put option one can play long and
the maximum loss would be loss
of premium and the investor can
stay invested for a longer period of
time. If someone holds a portfolio he
should calculate the beta of the
portfolio and buy put
options for the portfolio as
per the beta of the portfolio
t o p r o t e c t i t fo r a ny
downside movement of the
portfolio. There are long
term index options available
as well to buy puts for a
longertenure.
Earnbywritingputs
For investors who wants to enter the
market or a particular stock at a price
which is lower than the current
market price , in that case he / she can
write puts of that price. For example
state bank of india is trading at a price
of 173.55 on 15 June 2020 and an
investor thinks that if State Bank of
India comes at a price of 150 he would
buy either one lot of future or
equivalent number of shares in cash
market, in that case he can sell a put
option of strike price 150, closing
market price of Strike price of 150 was
Rs.1.25forstatebankofIndia.
This means that if the price of State
Bank of India comes below 150 the
investor would buy 3000 shares of
State bank of India or he
maybuyone
lot of future. And if the
priceofunderlyingdonot
go below 150 the investor
standstogainRs.3750
( 1.25*3000) Maximum
profit earned in this
strategy is equal to the
value of premium and in
case they do not intend to
enter the stock at a
particularprice,thisstrategymayearn
them loss if the stock crashes. Thus, it
is very important to understand which
strategy should one chose to trade
and also the pros and cons of the
strategy.
Brief Headlines:
Hindustan Petroleum Corp | Company on Tuesday reported a steep 99 percent drop in its
net profit to Rs 27 crore for the March quarter. The company had posted a net profit of Rs
2,970 crore in the corresponding period a year ago. The company had a foreign exchange
lossofRs975croreascomparedtoagainof256croreinJanuary-March2019.
Yes Bank | The bank is considering a follow on public offer (FPO) to raise funds via equity.
Sources told CNBC Awaaz the FPO plan is likely to be finalised by the board soon. One of
the sources told CNBC Awaaz that the FPO size is likely to be in the Rs 12,000-15,000 crore
rangeandtheofferpricebandislikelytobeintheRs12-15pershare.
HDFC | The company is gearing up for a mega fund raise of around Rs 12,000 crore in
multipletranches,sourceswithknowledgeofthemattertoldMoneycontrol.
Ashok Leyland | A meeting of the fund raising committee of the board of directors is
proposed to be held on Friday, June 19, 2020, to consider and issue secured, rated, listed,
redeemable Non Convertible Debentures aggregating to Rs 200 crore on private
placementbasis,inoneormoretranches/series.
Navin Fluorine International Q4 | Profit at Rs 272.7 cr versus Rs 35.18 cr, revenue at Rs
276.6crversusRs252.6crYoY.
HDFC AMC | Standard Life Investments to sell up to 60 lakh shares (with an option to sell
additionally60lakhshares)ofthecompanyviaofferforsaleonJune17-18.
NMDC Q4 | Profit at Rs 347 cr versus Rs 1,451.81 cr, revenue at Rs 3,187.34 cr versus Rs
3,643.32crYoY.
RatnamaniMetals&TubesQ4|ProfitatRs67.34crversusRs63.19cr,revenueatRs629cr
versusRs686.74crYoY.
NucleusSoftwareExports|NCLTapprovedtheSchemeofAmalgamation.
Hindustan Oil Exploration | Fidelity Funds - India Focus Fund sold 17,10,898 shares in the
companyatRs64pershare.
Indian Terrain Fashions | Malabar India Fund sold 3,04,627 shares in the company at Rs
32.72pershare.
Lycos Internet | Oak India Investments sold 35 lakh shares in company at Rs 11.95 per
share.
GokulRefoils&Solvent|ThecompanyapprovedsharebuybackofuptoRs39.48crore.
IndiaGlycols|RakeshBhartiaresignedasChiefExecutiveOfficer.
Akme Star Housing Finance | National Housing Bank has sanctioned loan facility of Rs
13.25crore.
SchneiderElectricInfrastructureQ4|LossatRs25.75crversusprofitofRs1.46cr,revenue
atRs229.6crversusRs286.4crYoY.
ManpasandBeverages|Companypartiallyresumeditsoperations.
Bank of Maharashtra Q4 | Profit at Rs 57.57 cr versus Rs 72.38 cr, revenue at Rs 1,022.5 cr
versusRs999.93crYoY.
Wipro | Wipro Gallagher Solutions partnered with DocMagic, Inc to enhance digital
mortgageprocesses.
HCL Technologies | Company commenced operations in Sri Lanka; to leverage the
country'sITworkforce.
Natco Pharma's Q4 net profit falls 22%; shares drop 3% Consolidated revenue declined
marginallyby0.2percentYoYtoRs454.8croreinQ4FY20againstRs455.7croreinQ4FY19.
Steel Strips Wheels share rises 4% on export order Order comprises supplies of close to
10,000trucksteelwheelsintheperiodofJunetoSeptemberfromitsChennaiplant.
Radhakishan Damani reportedly planning to buy controlling stake in India Cements; share
jumps 11% N Srinivasan and other promoters held 28.26 percent equity stake in the
cement maker, while Radhakishan S Damani family has 19.89 percent shareholding in the
companyasofMarch2020.
Interest waiver during loan moratorium: Supreme Court
lists the matter for first week of August
T h e
apex court,
w h i l e
listing the
matter for
first week
of August,
h a s
d i r e c t e d
t h e
governmentandtheRBItoreviewthematter.
The Supreme Court Wednesday said there is
" no merit in charging interest on interest" for
deferred loan payment instalments during the
moratorium period announced in wake of the
COVID-19pandemic.
A bench headed by Justice Ashok Bhushan
observed that once moratorium is fixed then it
should serve the desired purposes and the
government should consider interfering in the
matterasitcannotleaveeverythingtobanks.
"Once the moratorium is fixed then it should
serve the desired purposes and we see no merit
in charging interest on interest," the bench, also
comprisingJusticesSKKaulandJusticeMRShah,
orallyobserved.
ThebenchwashearingapleafiledbyanAgra
resident Gajendra Sharma, who has sought a
direction to declare the portion of the RBI's
March 27 notification "as ultra vires to the extent
it charges interest on the loan amount during the
moratorium period, which create hardship to the
petitioner being borrower and creates hindrance
and obstruction in 'right to life' guaranteed by
Article 21 of the Constitution of India".Solicitor
General Tushar Mehta, appearing for the Centre
andtheReserveBankofIndia,toldtheapexcourt
that waiving the interest completely will not be
easyforbanksastheyhavetopayinteresttotheir
depositors."There are 133 lakh crore rupees in
deposits with banks and interest has to be paid
on them and the waiver will have a cascading
effect,"Mehtatoldthebench.
The bench, which posted the matter for
hearing in first week of August for allowing the
Centre and the RBI to review the situation, asked
theIndianBanksAssociationtoexaminewhether
they can bring new guidelines in the meantime
on the issue of loan moratorium. Mehta argued
that complete waiver of interest during
moratorium period might risk the financial
stability of banks and this would put the interests
ofdepositorsinjeopardy.
The counsel representing banks association
andStateBankofIndia(SBI)urgedthebenchthat
themattershouldbedeferredbythreemonths.
The counsel appearing for banks said that
plea seeking waiver of interest during
moratorium period is premature and the banks
wouldhavetoconsidertheissueonacasetocase
basis. On June 12, the top court had asked the
Finance Ministry and the RBI to hold a meeting
within three days to decide on waiver of interest
on interest for deferred payments of instalments
forloansduringmoratoriumperiod.
The top court had observed that the
question is not of waiver of complete interest for
entire moratorium period but it is limited only to
interest charged on interest by banks. The
petitioner has sought a direction to the
government and the RBI to provide relief in
repayment of loan by not charging interest
duringmoratoriumperiod.
On June 4, the top court had sought the
Finance Ministry's reply on waiver of interest on
loans during the moratorium period after the RBI
said it would not be prudent to go for a “forced
waiverofinterest”riskingfinancialviabilityofthe
banks. The apex court had said there are two
aspects under consideration in this matter - no
interest payment on loans during the
moratorium period and no interest to be charged
on interest.It had observed that these are
challenging times and it is a serious issue as on
the one hand, moratorium is granted and on
otherhand,interestischargedonloans.
On May 26, the top court had asked the
Centre and the RBI to respond to the plea
challenging levy of interest on loans during the
moratorium period. The RBI in its reply has told
the court that it is taking all possible measures to
provide relief with regard to debt repayments on
account of the fallout of COVID-19 but it does not
consider it prudent to go for a “forced waiver of
interest,riskingthefinancialviabilityofthebanks
it is mandated to regulate, and putting the
interestsofthedepositorsinjeopardy”.
The RBI said the March 27 circular
announcing moratorium was later modified on
April 17 and May 23 by which the moratorium
period was extended by another three months
that is from June 1 to August 31, 2020 on
payment of all installments in respect of term
loans (including agricultural term loans, retail
and crop loans). "It is submitted that regulatory
dispensations permitted by the Reserve Bank of
India vide the aforesaid circulars dated March 27,
2020 which subsequently stood modified on
April 17, 2020 and May 23, 2020 were with the
objective of mitigating the burden of debt
servicing brought about by disruptions on
accountofCOVID-19pandemicandtoensurethe
continuityofviablebusinesses.
"Therefore, the regulatory package is, in its
e s s e n c e , i n t h e n a t u r e o f
moratorium/deferment and cannot be
construedtobeawaiver,"itsaid.
The RBI had said that in order to ameliorate
difficulties faced by borrowers in repaying
accumulated interest for the moratorium period,
on May 23 it had announced that in respect of
working capital facilities, lending institutions
may, at their discretion,convert the accumulated
interest for the deferment period up to August
31, 2020, into a funded interest term loan (FITL)
whichshallberepayablenot laterthan March31,
2021.
Source Economic Times

2. Wednesday 17 June, 2020
Owner & Publisher FINDOC CAPITAL MART PRIVATE LIMITED, Printed by Rakesh Kumar Prop. of Bhagotra Printers , 111 Sukhdev Market, Back Side Kailash Cinema,
Nr. Petrol Pump, Civil Lines, Ludhiana and Published at 5th Floor, Kartar Bhawan, Nr. PAU Gate No.1, Ferozepur Road, Ludhiana. By Nitin Shahi, Editor of Findoc Prime.
Stock Report
Derivative Analysis
India's foreign exchange reserves surge
to cross half-a-trillion mark for 1st time
Petroleum Minister Dharmendra Pradhan
launches Indian Gas Exchange
India's foreign exchange reserves have
surged by a massive 8.22 billion dollars to
cross the half-a-trillion mark for the first
time. The reserves rose to 501.70 billion
dollars for the week ended 5th of June,
helped by a whopping rise in foreign
currency assets. A RBI press release
informed that foreign currency assets, a
major part of the overall reserves, rose by
8.42billiondollarsto463.63billiondollars.
In the
previous
week, the
reserves
h a d
advanced
b y 3 . 4 4
b i l l i o n
dollars to
e n d a t
4 9 3 . 4 8
b i l l i o n
d o l l a r s .
Total value
of the gold
reserves,
however,
continued
to decline.
G o l d
reserves declined by 329 million dollars to
endat32.352billiondollars.
India's special drawing rights with the
InternationalMonetary Fundwentupby10
million dollars to 1.44 billion dollars, while
the country's reserve position also rose by
120milliondollarsto4.28billiondollars.
Economic Calendar
@dpradhanbjpUnion Petroleum
a n d N a t u r a l G a s M i n i s t e r
Dharmendra Pradhan, today,
launched the Indian Gas Exchange
(IGX), which is the first nationwide
online delivery-based gas trading
platform.
IGX has been incorporated as a
wholly owned subsidiary of the IEX,
which is India’s energy market
platform.
The trading platform will enable
market participants to trade in
standardised gas contracts. IGX is
fully automated with web-based
interface and it provides seamless
t r a d i n g
experience to
t h e
customers.
Speaking
o n t h e
occasion, Mr.
Pradhan said
t h a t t h e
launch of the
n e w
e l e c t r o n i c
t r a d i n g
platform for natural gas has opened
a new chapter in the energy history
of India and will help the nation
movetowardsfreemarketpricingof
naturalgas.
He said that with this landmark,
India has joined the club of
progressiveeconomies.
Petroleum Minister said , the
new electronic trading platform for
naturalgas isan indicatorof centre's
progressive policy and is in tandem
with Prime Minister’s vision to
provide energy justice to every
citizen.

3. Wednesday 17 June, 2020
One must deliver himself with the help of his
mind,andnotdegradehimself.Themindisthe
friend of the conditioned soul, and his enemy
aswell.
The only way to become an achiever is by
achieving excellence and you can achieve
excellencebyexcellingateverypoint.Failureis
part of success and failures motivates you to
dobetterandbettertoovercomeaproblem.
Problem is a situation when you do not have a
solution of that situation. Once you get
solution it is not a problem unless you execute.
Once it is successfully executed it becomes a
solution, if it isnot executed successfully it
becomes a lesson, and in both cases it is an
exampleforfuturereference.
Your mind bears every success and all failures
forlifetime.Foranypersontobesuccessfulhe
must introspect all his failures and successes.
All religions confesses confession, everyone
shouldconfesshissinsorhisfailures.
Once you introspect, you come to know of all
the reasons of your failures or what wrong you
have done. This means you have confessed
your failure and the reason of that to yourself.
Thishelpsintwoways
1. It makes you aware of the reason of your
failure.
2. It becomes deterrent to your further failure,
asyouunderstandthereasonoffailure.
Thus introspection in confessing your wrong
doingwithyourself.
The benefits of introspection has been time
andagainhighlightedinGita.Therearemany
instances where Krishna reminds different
characters that they did some wrong deeds
that resulted in the happening of
Mahabharata. One such event should be
examplified here when Krishna comes to
Dhritrashtra as “Shanti Doot” he tells him to
introspecthisfaults.Confessthathecould
have stopped all the gruesome acts that
DuryodhanadidhealsotellsDhritarashtrathat
he knowsthat every act of Duryodhan had
silent consent of Dhritarashtra himself though
heneverexplicitly
told him to do that. But, he could have of
coursestoppedhim.
Krishna tells Dhritarashtra to introspect and he
will find himself guilty of all the incidents.
History
would always tell that Dhritarashtra did not
perform his duties in the interest of nation. If
he is able to introspect, he can avoid the
upcoming battle which will obviously
devastate his empire even if they win the
battle. He reminds him time and again that it is
the best time to settle scores with the
Pandavas who are sons of his real younger
brother and this act of Dhritarashtra would
sanctify all his faults and would be regarded as
a great emperor who stood against crime and
sinfulness.
Thus introspection and confessing your
confessions to yourself at least will definitely
raise your standards and raise your intellect
helpingyoudevelopingexcellence.
by Nitin Shahi
The wisdom tooth
The most important character of a good and successful leader is to be confident.
RESULTS PREVIEW (value in millions)
Disclaimer : The Opinions expressed are not any recommendations to buy/sell and are findings of a material. Moreover we urge our subscribers
& readers to consult their investment advisor before investing
Disclaimer: The report only represents personal opinions and are for educational purposes. No part of the report should be considered as recommendation for buying/selling any stock.
Buy 560-562 SL 545 Tgt 580-585
Buy 442-443 SL 438 Tgt 446-448
Buy 158.50-159 SL 157 Tgt 162
Buy 980-985 SL 965 Tgt 1030
Copper
Bharti Airtel
Zink
HDFC Bank

4. Wednesday 17 June, 2020
(A)AbouttheFounder
Shri. J. V. Patel found Standard Engineering
Company in 1939. By 1957, the company became
the first manufacturer in India for forging hammers
&presses.
In 2001, the Company re-branded itself as Nesco
Limited in light of further diversification & business
verticals.
Now the company is diversified into 4 business
segments – Nesco IT Park, Bombay Exhibition
Centre,FoodDivision,Indabratordivision.
Mr.Sumant J Patel, son of Shri J.V. Patel, is the
currentExecutiveChairmanofNescoLtd.
(B)ExecutiveManagement
(I) Mr Sumant J Patel – Executive Chairman – Age 81
years
He is the son of the founder of the group, Shri J.V.
Patel.He is a mechanical engineer from the
University of Pennsylvania, USA & also business
graduate from the prestigious Wharton School.
When he returned to India in 1960, he found the
engineering heavyweights – GMM Pfaudler Ltd.
&Indabrator (manufacturer of surface preparation
equipmentwithfacilitiesinGujarat).
His remuneration for FY19 was Rs. 4.46 crore. It
amountsto2.47%ofPAT.
(ii)Mr.KrishnaS.Patel–ManagingDirector
Mr. Krishna S. Patel is the son of Mr Sumant J Patel.
He studied from the Pennsylvania State University,
USA as well as the Kingston University, UK. Mr
Krishna began his career in Corporate Strategy with
Fisher Hamilton in Pittsburgh, USA. He guided the
corporate expansion of Bombay Exhibition Center&
also introduced the service verticals of hospitality
and events.Mr Krishna joined Nesco in 2003 after
workingforayearinUSA.
His remuneration for FY19 was Rs. 2.61 crore which
is1.45%ofPAT.
(C)BusinessSegments
(i)NescoITPark
Nesco IT Park is located at Western Express
Highway, Goregaon, Mumbai. The company
provides work spaces to companies aided by
support services, leisure & dining options. The
major companies working at Nesco IT Park include
HSBC, PWC, KPMG, BlackRock, WeWork, MSCI
amongothermultinationalcompanies.
The IT Park is divided into 4 towers. Tower 4 is
recently commissioned with total capex of around
Rs. 494.14 crore. The same started generating
revenue during FY20. IT4 has total constructed area
of over 1.7 million sq. ft. Also, as per management,
75%oftheIT4hasbeenbooked.
Moreover, IT buildings 2 & 3 are fully occupied by
renowned Companies. Also, Hall 3 provides
Incubation Centre; and a Child Care Centre for
children of employees working in Nesco IT
Park.Also, the modern amenities in the building
include air conditioning, food court, modern health
centre, ample car parking, a golf putting green and
otherrecreationareas.
(ii)BombayExhibitionCentre
The Bombay Exhibition Centre (BEC) was found in
1991. It is located at the same location, Goregaon,
Mumbai. BEC offers space for exhibitions, MICE
(Meetings, Incentives, Conferences and
Exhibitions), trade shows, business displays, events
and entertainment. The space measures around
60,000 sq. m. divided into 6 halls for diverse events
hosted. Moreover, Hall 4 of BEC is Mumbai's largest
pillar less hall, with uninterrupted wide space for
hostinganypublicevent.
Nesco Exhibitions is a new division of the segment.
From FY20 onwards, the company plans to organize
exhibitions including India Auto Show; Machine
Tools, Manufacturing and Technology Expo; Hobby
&Lifestyle;EdutechIndia;etc.
(iii)NescoFoods
Nesco Foods caters to the needs of visitors to
exhibitions & convention as well as employees
workinginNescoITPark.Also,thesegmentincludes
Nesco Hospitality Pvt Ltd, its wholly owned
subsidiary.
(iv)Indabrator
This is Nesco's manufacturing segment. The
companyhastwoplants:
· One is located in
Vishnoli, Gujarat. The unit manufactures shot-
blasting machines, painting and air pollution
controlequipment.
· Secondly, the other unit in Karamsad, Gujarat is an
Indabrator foundry & abrasive plant. The plant
manufactures highly wear-resistant shell-moulded
a l l o y i r o n c a s t i n g s a n d s p a r e s .
(D)GrowthofSegmentRevenue
(E)ImpactofCOVID19pandemic
·Nesco Ltd faced intense impact of COVID-19
pandemic.ThisisbecausefrommidMarch2020the
company gave Bombay Exhibition Centre to
Maharashtra Government to be used as quarantine
centre.
·The management is still in talks with Government
for charging for the same. But there is no
confirmation whether any amount be recovered for
thefacility.
·Thus, BEC expects no revenue for first half year of
FY21.
·The exhibitions planned for the year have been
postponed.
·Also, lockdown resulted in companies going for
work from home for their employees. Many clients
of Nesco IT park also stated to continue working
from home for most of the staff till further few
months. There is also no clarity on when the
companies shall be able to resume offices
completely.
·Still, the management is confident that the clients
of Nesco IT Park shall abide the rental agreements
completely. As Nesco's clients include
multinationals like KPMG, HSBC, PWC, Blackrock.
The company may consider deferment in rentals for
furtherfewweeks.
·Also, tenants of IT Tower 4 which highly impacted
from COVID-19 pandemic include WeWork and
Priceline.com.
(F)StrongCashFlows
· Nesco is cash rich company with more than Rs 650
croreofliquidresourcesason31March2020.
· The company does all capital expansions from
internal accruals for addition in IT park as well as for
ExhibitionCentre.
· Moreover, Company's cash flow from operating
activities expanded over the years along with its
revenueexpansion.
· In addition, company's free cash flow increased to
Rs 152 crore in FY20 from Rs 21 crore from FY19.
This is because company's IT4 building is completed
& started generating revenue. The gap between
cash flow from operations and free cash flow is on
account of expansion activities by the company.
Thus,expandingcapitalexpenditureeachyear.
(G)ExpansionActivitiesinrecentyears
FY16:The company started construction of IT
building4.
FY17:For BEC, company decided to build a new
exhibition & convention center with integrated
facilities. Thus, plans for construction of first phase
measuring 15,00,000 sq. ft. started finalizing. Also,
the company started setting up a large kitchen
facility in area admeasuring approx.24,000 sq. ft.
with capacity to produce about 15,000 meals per
day.InvestmentexpectedRs.15crore.
FY18:BEC had total capacity of 59,000 sq. mtrs. of
exhibition & convention center spread over 6 air
conditioned halls. Further the company laid plans
forexpansion.
Also, Nesco Foods added during the year as
distinguishedrevenuesegment.
FY19:The IT building 4 completed during the year
with total estimated expenditure of Rs. 494.14
crore.
Further added new division under Bombay
Exhibition Centre 'Nesco Exhibitions'.Nesco's own
exhibitions and events will increase the hall
occupancy.
FY20&ahead:
Despite the impact of COVID-19 pandemic, Nesco is
preparing plans for constructing new halls and
upgrading the existing halls for Exhibition Centre.
AroundRs.100croreisplannedcapexforthesame.
·Aspermanagement,75%ofIT4isbooked.
· In addition, management is planning IT Building 5
aswell.
· The capex plans for IT Building 2 are still in place.
But the same may be delayed. The period of
completion is expected to be over next 5-6 years.
ThecapexplannedisapproxRs.200crore.
(H)KeyRisks&Concerns
(I)Anotherlargeplayerincompetingspace:
Bombay Exhibition Centre is the only private
exhibition & convention center of such scale
available in Mumbai. Now, in its competing space,
Reliance Jio Convention Centre is inaugurated in
Bandra-KurlaComplex.
This is a major threat for Nesco Ltd. It may impact
the occupancy level as well as can also impact the
margins of Nesco. Nesco holds monopoly in
charging rentals. But a strong competitive player
canchallengetheclientretentionforNesco.
Thus, revenues of exhibition centre may get
effectedadversely.
(ii)GovernmentNorms
Although Nesco's business is at prime location of
Mumbai. The company faced operational
difficulties at certain times from state authorities.
Forinstance,
(a) In Dec 2017, Mumbai police directed Nesco Ltd
to limit its bookings only up to 50% of capacity on
weekdays in order to avoid traffic congestion at
Western Expressway.
(b) In August 2018, municipal corporation (BMC)
directed Nesco Ltd not to hold any exhibition until
the completion of construction work of the
Andheri-Dahisar Metro line. Thus, Nesco is subject
to such operational hurdles from orders of
Government authorities.
(I) Valuation
· Nesco is currently trading at PE of 13.73 which is
at its lowest in last 7 years.
·Its current EV/EBITDA is 10 approx, at its March
2016 levels.
· Its current cash & cash equivalents & non-
current investments amounts to Rs.681
croresapprox and the market cap is Rs.3100
crores.
Disclaimer: The report only represents personal
opinions and views of the author. No part of the
report should be considered as recommendation
for buying/selling any stock.
Nesco Ltd: Value Buy?
By CA Paras Behl
Head Equities - PA Wealth Advisors
blog.pawealthadvisors.com
MF SEBI
Date Equity Debt
11-Jun-20 -377.57 2,417.60
10-Jun-20 571.58 4,023.06
09-Jun-20 -506.52 3,194.39
Value In Crores.
FII SEBI
Date Equity Debt
15-Jun-20 494.9 59.01
11-Jun-20 857.81 118.77
10-Jun-20 -370.57 -75.88
Value In Crores.