Equity Report by Ways2Capital 12 nov 2014

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TECHNICAL VIEW
MOVING AVERAGE 21 DAYS 50 DAYS 100 DAYS 200 DAYS
NIFTY 8050 8045 7857 7242
BANK NIFTY 16316 16097 15675 14024
NIFTY PIVOT REPORT
DAILY R2 R1 PP S1 S2
8580 8440 8370 8300 8160
WEEKLY R2 R1 PP S1 S2
8637 8463 8376 8289 8115
MONTHLY R2 R1 PP S1 S2
8648 8466 8375 8284 8111
BANK NIFTY PIVOT REPORT
DAILY R2 R1 PP S1 S2
18014 17620 17423 17226 16832
WEEKLY R2 R1 PP S1 S2
18901 17869 17353 16837 15805
MONTHLY R2 R1 PP S1 S2
18866 17834 17318 16802 15794
NSE EQUITY DAILY LEVELS
COMPANY R3 R2 R1 PP S1 S2 S3
ACC EQ 1535 1517 1508 1499 1490 1482 1464
ALBK EQ 121 117 116 113 112 109 105
AMBUJACEM EQ 236 231 229 226 224 221 216
ASIAN PAINT EQ 676 665 661 654 650 643 632
AXISBANK EQ 454 445 442 436 433 427 418
BAJAJ-AUTO EQ 2729 2665 2638 2601 2574 2536 2472
BANKBRODA EQ 966 945 937 924 916 903 882
BANKINDIA EQ 306 294 289 282 277 270 258
BHEL EQ 264 260 259 256 255 252 248
BHARTIARTL EQ 439 421 410 403 392 385 367
CIPLA EQ 714 688 677 662 651 636 610

COALINDIA EQ 391 379 374 367 362 355 343
DLF EQ 134 129 127 124 122 119 114
DRREDDY EQ 3365 3260 3214 3155 3109 3050 2945
GAIL EQ 611 570 549 529 508 488 447
GRASIM EQ 3643 3569 3538 3494 3464 3420 3346
HCLTECH EQ 1687 1646 1627 1605 1586 1564 1524
HDFC EQ 1181 1137 1121 1085 1077 1049 1005
HDFCBANK EQ 941 924 917 907 900 890 873
HEROMOTOCO EQ 3196 3133 3098 3069 3034 3005 2941
HINDALCO EQ 173 167 165 161 160 159 155
HINDUNILVR EQ 774 754 746 734 726 714 694
ICICIBANK EQ 1687 1653 1640 1619 1606 1586 1552
ITC EQ 371 363 359 355 351 347 339
INDUSIND BANK EQ 744 730 725 716 711 702 688
INFY EQ 4192 4113 4082 4034 4003 3955 3876
JINDALSTEL EQ 174 167 164 160 157 153 146
KOTAKBANK EQ 1167 1139 1128 1111 1100 1083 1055
LT EQ 1762 1702 1678 1640 1617 1579 1518
M&M EQ 1382 1343 1324 1304 1285 1265 1225
MRF EQ 32991 32169 31742 31347 30920 30525 29703
MARUTI EQ 3518 3414 3376 3311 3272 3207 3103
ONGC EQ 420 411 408 402 399 393 384
ORIENTBANK EQ 310 295 290 280 275 265 250
RANBAXY EQ 656 643 638 630 625 617 604
RCOM EQ 117 111 108 105 102 99 93
RELCAPITAL EQ 513 492 483 471 462 450 429
RELIANCE EQ 1038 1016 1008 994 986 972 950
RELINFRA EQ 704 665 651 626 612 587 548
RPOWER EQ 81 78 77 75 74 72 69
SBIN EQ 2811 2748 2725 2685 2662 2622 2559
SSLT EQ 275 268 265 260 257 252 244
SUNPHARMA EQ 207 203 201 199 197 195 191
TATAMOTORS EQ 567 549 542 531 524 513 495
TATAPOWER EQ 100 96 94 93 90 88 84
TATASTEEL EQ 523 504 497 485 478 466 447
UNIONBANK EQ 255 240 232 225 217 210 195

NSE WEEKLY NEWS UPDATE
✍ RBI’s surprise reverse repo gets Rs 46k cr bids
In a surprise move, the RBI on Wednesday announced a reverse repo auction of Rs 60,000
crore and accepted bids for Rs 45,663 crore at a cut-off rate of 7.99%. Through reverse repo,
banks who are flush with funds keep the same with the RBI. Wednesday's reverse repo auction
indicates that there is ample liquidity in the system and not enough takers of funds at the
current high rate. This, in turn, may soon prompt the RBI to cut rates. "Liquidity in the system
is plentiful, with robust capital inflows (aided also by the recent move by Japan to expand its
stimulus package), government spending and low credit growth. All these will result in further
downward pressure on yields," said Soumya Kanti Ghosh, chief economic advisor.
✍ Bain to sell Rs 1,200cr stake in Hero Moto
American private equity fund Bain Capital is selling $200 million (Rs 1,200 crore) worth of
shares in Hero MotoCorp, with an option to sell more, it is learnt. The fresh development will
reduce the firm's stake in the country's biggest motorcycle and scooter maker from 5.77% to
3.47%. Bain Capital is selling 42 lakh Hero MotoCorp shares between Rs 2,860 and Rs 2,963
apiece, a 3.5% discount to the New Delhi-based company's Wednesday closing price. In June,
Bain had raised $250 million by selling a small part of its stake. Bain invested in Hero
MotoCorp in 2011 as the Hero Group raised money to buy its Japanese partner Honda Motor's
stake in the company, then called Hero Honda.
✍ Coal block winners may have to pay 10% upfront
Winners of coal blocks for steel, sponge iron and captive power plants would have to pay 10%
of the floor price upfront. Subsequently, they would have to pay on a per-tonne basis an amount
that would be calculated by annuitizing the remaining bid value, government sources privy to
discussion on the methodology of auctioning coal blocks said.
✍ Karnataka Bank records growth of over 200% in net profit in Q2
Karnataka Bank, the private sector lender witnessed a sharp rise in share price on Monday after
the bank reported a growth of 3.06 times in second quarter profit. The bank reported a profit of
Rs 884.6 million for the quarter ended Sept. 30, 2014, compared with Rs 289.5 million, a year
ago.Quarterly income totalled at Rs 12.78 billion, an increase of 10.93% over Rs 11.53 billion
in the same period a year ago.Net interest income, the difference between interest earned and
interest expended, rose by 4.5 percent to Rs 297.3 crore in the quarter ended September 2014
compared to Rs 284.5 crore in same quarter last year.
✍ SAT allows DLF to redeem Rs 1806 cr of mutual fund investments
In a major interim relief to DLF, the Securities Appellate Tribunal on Wednesday allowed the
realty giant to redeem mutual funds worth Rs 1,806 crore to meet working capital needs and
service debt payments. DLF had sought permission to redeem money locked in mutual funds
after being slapped with market regulator Sebi's ban last month that bars it from accessing the
capital market for 3 years.The final hearing in DLF's main appeal against the Sebi order would

commence on December 10, prior to which Sebi and the company will have to file their replies
with Securities Appellate Tribunal (SAT).
✍ Russian firm raises fresh demand of $248m from NTPC
The government finds itself in a bind as Russian engineering, procurement and construction
company TPE (Technopromexport) continues to give state-run generation utility NTPC a
runaround, raising the prospect of further delaying the 1,980 mw Barh power project in Bihar.
After overshooting the completion schedule by more than three years and receiving $190
million in 2010, TPE has now raised a demand for an additional $248 million for completing
the remaining work.
✍ FIIs hike stake in HDFC to record-high of nearly 78%
Emerging as one of the most-liked stocks for foreign funds, mortgage giant HDFC has seen
overseas investors raising their stake in the company to a record-high of nearly 78% during the
quarter ended September 2014. The mortgage financier has also become the first listed Indian
company among 30 Sensex firms to have over 75% shareholding by foreign institutional
investors (FIIs). Cumulative FII holdings in the company rose to 77.85% in the July-
September quarter this year from 73.09% in three months ended September last year, according
to data from stock exchanges.
✍ IOB reports 1st loss in 21 years
A day after Indian Overseas Bank reported a net loss of Rs 245.5 crore for the quarter-ended
September, the government admitted that there was a "problem" at the Chennai-headquartered
bank. The state-run lender slipped into the red for the first time in almost 21 years. Increased
provisions resulted in bank reporting a loss of over Rs 245 crore during the second quarter of
the current financial year, compared with a profit of Rs 132 crore a year ago. IOB had last
reported a loss in 1992-93 when the new prudential norms had resulted in losses of Rs 752
crore. While several state-run banks are under pressure, in recent years only United Bank of
India has reported a quarterly loss on account of bad debt but has since recovered.
✍ ITC profit jumps 16% to Rs 2,425cr
Tobacco-to-hotel-to-FMCG major ITC has witnessed a 15.6% jump in net profit to Rs 2,425
crore in the quarter ended September 30 from Rs 2,230 crore owing to impressive
performances in tobacco, paperboard and agri businesses. The revenue at Rs 8,930 crore
recorded a growth rate of nearly 15% driven by agri business, branded packaged foods,
personal care and cigarettes. The new FMCG business registered an impressive top line growth
and one of the highest in the industry despite trying circumstances, an ITC official said.
✍ Mahindra net dips by 4% to Rs 947 crore
Auto major Mahindra & Mahindra on Friday reported a 4.33% decline in standalone net
income at Rs 947 crore in the three months to September due to poor sales following a weak
monsoon in some parts of the country. On a standalone basis, net sales stood at Rs 9,418.10
crore, up 6.84% from Rs 8,814.33 crore earlier.

✍ Maruti October sales dip 1.1% to 1,03,973 units
Country's largest car-maker Maruti Suzuki India (MSI) on Saturday reported a 1.1% decline in
total sales in October at 1,03,973 units as against 1,05,087 units in the same month last
year.The company said its domestic sales rose by 1% during the month to 97,069 units as
against 96,062 units in October, 2013. Sales of mini segment cars, including M800, Alto, A-Star
and WagonR, declined by 9.2% to 35,753 units compared to 39,379 units in the year-ago
month, MSI said in a statement.
✍ Aurobindo Pharma hits new high on robust Q2 results
Aurobindo Pharma is trading higher by 3% at Rs 1,032 on NSE after reporting a robust 58%
year on year (yoy) jump in consolidated net profit at Rs 372 crore for the second quarter ended
September 2014 (Q2), mainly on account of overall growth led by US Generics. The drug
maker had profit of Rs 235 crore in a year ago quarter. Consolidated net operating income in
July-September quarter grew by 50% to Rs 2,881 crore against Rs 1,914 crore in the
corresponding quarter of previous fiscal. EBITDA or operating profit margin however, declined
to 22.1% from 22.9% during the recently concluded quarter.
✍ Bank of Baroda dips on decline in Q2 net profit
Bank of Baroda was down 2% to Rs 934 on the Bombay Stock Exchange (BSE) at 1035 hrs as
the bank reported a 5.5% dip in Q2 net profit at Rs 1,104 compared to Rs 1,168 crore in the
year-ago period.Gross NPAs rose to 3.32% compared to 3.11% in the previous quarter.The
bank's net NPA came in at 1.74% compared to 1.58% q-o-q. NII was at Rs 3,401 crore for the
quarter ended 30 September, 2014 compared to Rs 2,895 crore in the same period last year.

This Document has been prepared by Ways2Capital (A Division of High Brow Market
Research Investment Advisory Pvt Ltd). The information, analysis and estimates contained
herein are based on Ways2Capital Equity/Commodities Research assessment and have been
obtained from sources believed to be reliable. This document is meant for the use of the
intended recipient only.
This document, at best, represents Ways2Capital Equity/Commodities Research opinion and is
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officers or employees shall not in any way to be responsible for the contents stated herein.
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Equity Report by Ways2Capital 12 nov 2014

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Equity Report by Ways2Capital 12 nov 2014