Equity Research Report 25 June 2018 Ways2Capital

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CURRENCY MARKET UPDATE
CURRENCY PAIR
CURRENT
CLOSING
PREVIOUS
CLOSING
WEEKLY
% CHANGE
MAJOR INDICES
INDEX
CLOSING
AS ON 22th Jun 18
WEEKLY CHANGES
WEEKLY
% CHANGE
COMMODITY MARKET UPDATE
COMMODITY
CURRENT
CLOSING
PREVIOUS
CLOSING
WEEKLY
% CHANGE
Market Wrap–Up
Nifty 10821.85 4.15 0.04%
Nifty 100 11119.65 -16.65 -0.15%
Nifty 200 5786.55 -15.75 -0.27%
Nifty 500 9296.65 -47.05 -0.50%
Nifty VIX 12.02 -0.05 -0.41%
Nifty Bank 26766.85 349.45 1.32%
Nifty Auto 11088.50 -84.55 -0.76%
Nifty Finance 11213.85 237.45 2.16%
Nifty FMCG 28630.75 -143.80 -0.50%
Nifty IT 13777.05 -344.45 -2.44%
Nifty Media 3147.65 -31.05 -0.98%
Nifty Metal 3431.55 -110.40 -3.12%
Nifty Pharma 9360.90 44.65 0.48%
Nifty PSU Banks 2948.3 -84.45 -2.78%
Nifty PVT Bank 15206.55 236.40 1.58%
Nifty Realty 282.25 -5.55 -1.93%
USDINR 67.8350 68.0925 -0.38%
GBPINR 90.1400 90.4725 -0.37%
EURINR 79.0000 78.9725 0.03%
JPYINR 61.6100 61.5750 0.06%
EURUSD 1.1658 1.1618 0.34%
GBPUSD 1.3284 1.3277 0.05%
Dollar Index 94.18 94.79 -0.64%
Gold COMEX 1267.40 1274.60 -0.56%
Gold MCX 30610 31010 -1.29%
Crude Oil NYMEX 68.58 65.06 5.41%
Crude Oil MCX 4672 4441 5.20%
Brent Oil ICE 75.55 73.44 2.87%
Copper MCX 491.25 454.20 8.16%
Natural Gas NYMEX 2.945 3.022 -2.55%

WEEKLY GAINERS
SCRIP
CLOSING
PRICE
WEEKLY
% CHANGE
52 WEEK
HIGH
WEEKLY LOSERS
SCRIP
CLOSING
PRICE
WEEKLY
% CHANGE
52 WEEK
LOW
Market at a Glance
ICICIBANK 300.65 6.42% 365.70
HDFC 1906.75 4.07% 1986.05
BPCL 426.35 3.42% 551.55
BAJAJFINSV 6176.50 3.30% 6258.50
HDFCBANK 2083.35 2.65% 2160.00
UPL 640.20 -8.63% 632.20
HINDALCO 222.00 -6.49% 185.10
COALINDIA 264.85 -5.09% 233.70
HCLTECH 904.80 -4.59% 824.85
VEDL 228.85 -4.21% 221.60

ECONOMIC EVENTS CALENDER
TIME CURRENY EVENT FORECAST PREVIOUS
Economic Calendar
Monday, June 11, 2018
19:30 USD New Home Sales (May) 667K 662K
19:30 USD New Home Sales (MoM) (May) 1.50% -1.50%
Tuesday, June 26, 2018
14:00 GBP Gross Mortgage Approvals 38.2K 38.0K
19:30 USD CB Consumer Confidence (Jun) 128 128
Wednesday, June 27, 2018
14:00 GBP BoE Gov Carney Speaks
18:00 USD Core Durable Goods Orders (MoM) (May) 0.40% 0.90%
18:00 USD Durable Goods Orders (MoM) (May) -0.60% -1.60%
20:00 USD Crude Oil Inventories - -5.914M
Thursday, June 28, 2018
5:20 JPY Retail Sales (YoY) (May) 0.90% 1.50%
18:00 USD GDP (QoQ) (Q1) 2.20% 2.20%
18:00 USD GDP Price Index (QoQ) (Q1) 1.90% 1.90%
Friday, June 29, 2018
5:00 JPY Tokyo Core CPI (YoY) (Jun) 0.60% 0.50%
5:20 JPY Industrial Production (MoM) (May) -1.10% 0.50%
14:00 GBP GDP (YoY) (Q1) 1.20% 1.20%
14:00 GBP GDP (QoQ) (Q1) 0.10% 0.10%
18:00 USD Core PCE Price Index (YoY) (May) 1.90% 1.80%
18:00 USD Core PCE Price Index (MoM) (May) 0.20% 0.20%
Saturday, June 30, 2018
6:30 CNY Manufacturing PMI (Jun) 51.8 51.9
6:30 CNY Non-Manufacturing PMI (Jun) 55 54.9

NIFTY 50 WEEKLY PIVOTS (CASH SEGMENT)
SCRIP NAME R4 R3 R2 R1 PP S1 S2 S3 S4
Continued .......
Weekly Pivots
ADANIPORTS 421.90 403.35 384.80 375.30 366.25 356.75 347.70 329.15 310.60
ASIANPAINT 1414.20 1364.75 1315.30 1291.50 1265.85 1242.05 1216.40 1166.95 1117.50
AXISBANK 583.75 563.30 542.85 534.25 522.40 513.80 501.95 481.50 461.05
BAJAJ-AUTO 3187.10 3075.40 2963.70 2897.95 2851.97 2786.20 2740.25 2628.55 2516.85
BAJAJFINSV 6956.20 6667.20 6378.20 6277.35 6089.17 5988.30 5800.15 5511.15 5222.15
BAJFINANCE 2646.55 2531.60 2416.65 2376.35 2301.70 2261.40 2186.75 2071.80 1956.85
BHARTIARTL 424.40 407.30 390.20 382.40 373.08 365.25 355.95 338.85 321.75
BPCL 492.50 468.40 444.30 435.35 420.18 411.20 396.05 371.95 347.85
CIPLA 693.75 666.25 638.75 627.25 611.25 599.75 583.75 556.25 528.75
COALINDIA 317.00 301.00 285.00 274.95 268.98 258.90 252.95 236.95 220.95
DRREDDY 2813.30 2657.75 2502.20 2419.25 2346.63 2263.65 2191.05 2035.50 1879.95
EICHERMOT 33511.70 32153.65 30795.60 29968.15 29437.53 28610.05 28079.45 26721.40 25363.35
GAIL 377.20 364.65 352.10 346.05 339.52 333.45 326.95 314.40 301.85
GRASIM 1141.75 1098.65 1055.55 1033.00 1012.43 989.85 969.30 926.20 883.10
HCLTECH 1095.20 1036.95 978.70 941.75 920.42 883.45 862.15 803.90 745.65
HDFC 2165.95 2070.25 1974.55 1940.65 1878.82 1844.90 1783.10 1687.40 1591.70

Continued .......
Weekly Pivots
HDFCBANK 2299.55 2219.85 2140.15 2111.75 2060.42 2032.00 1980.70 1901.00 1821.30
HEROMOTOCO 3949.70 3848.90 3748.10 3692.90 3647.28 3592.05 3546.45 3445.65 3344.85
HINDALCO 274.15 257.85 241.55 231.80 225.23 215.45 208.90 192.60 176.30
HINDPETRO 384.25 360.40 336.55 323.85 312.67 299.95 288.80 264.95 241.10
HINDUNILVR 1783.40 1725.40 1667.40 1637.75 1609.37 1579.70 1551.35 1493.35 1435.35
IBULHSGFIN 1343.40 1291.55 1239.70 1219.70 1187.83 1167.80 1135.95 1084.10 1032.25
ICICIBANK 353.50 334.20 314.90 307.80 295.58 288.45 276.25 256.95 237.65
INDUSINDBK 2169.75 2097.50 2025.25 1989.25 1953.00 1917.00 1880.75 1808.50 1736.25
INFRATEL 343.20 323.75 304.30 295.15 284.85 275.70 265.40 245.95 226.50
INFY 1424.15 1368.90 1313.65 1280.75 1258.37 1225.45 1203.10 1147.85 1092.60
IOC 210.95 197.40 183.85 176.95 170.28 163.35 156.70 143.15 129.60
ITC 285.55 278.40 271.25 268.20 264.10 261.05 256.95 249.80 242.65
KOTAKBANK 1446.35 1404.40 1362.45 1341.95 1320.48 1299.95 1278.50 1236.55 1194.60
LT 1468.65 1414.75 1360.85 1330.35 1306.92 1276.40 1253.00 1199.10 1145.20
LUPIN 1019.90 980.55 941.20 922.05 901.85 882.70 862.50 823.15 783.80
M&M 1042.00 995.05 948.10 928.15 901.12 881.15 854.15 807.20 760.25

Weekly Pivots
MARUTI 9633.00 9392.60 9152.20 9013.55 8911.77 8773.10 8671.35 8430.95 8190.55
NTPC 169.90 165.40 160.90 159.10 156.40 154.60 151.90 147.40 142.90
ONGC 189.20 180.05 170.90 165.25 161.73 156.05 152.55 143.40 134.25
POWERGRID 214.80 208.90 203.00 200.35 197.07 194.40 191.15 185.25 179.35
RELIANCE 1141.10 1098.75 1056.40 1034.45 1014.05 992.10 971.70 929.35 887.00
SBIN 314.85 300.85 286.85 279.95 272.85 265.95 258.85 244.85 230.85
SUNPHARMA 671.35 637.20 603.05 590.15 568.90 556.00 534.75 500.60 466.45
TATAMOTORS 339.75 329.05 318.35 313.20 307.63 302.45 296.90 286.20 275.50
TATASTEEL 624.35 602.70 581.05 571.45 559.37 549.75 537.70 516.05 494.40
TCS 2031.00 1962.60 1894.20 1852.00 1825.77 1783.55 1757.35 1688.95 1620.55
TECHM 798.90 764.25 729.60 710.40 694.93 675.70 660.25 625.60 590.95
TITAN 1019.35 973.10 926.85 902.20 880.60 855.95 834.35 788.10 741.85
ULTRACEMCO 4072.35 3927.35 3782.35 3711.70 3637.35 3566.70 3492.35 3347.35 3202.35
UPL 860.55 792.85 725.15 682.70 657.43 614.95 589.70 522.00 454.30
VEDL 271.95 257.55 243.15 235.85 228.72 221.40 214.30 199.90 185.50
WIPRO 302.75 288.75 274.75 266.50 260.75 252.50 246.75 232.75 218.75
YESBANK 363.20 353.30 343.40 339.25 333.47 329.30 323.55 313.65 303.75
ZEEL 631.25 609.00 586.75 576.25 564.50 554.00 542.25 520.00 497.75

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: 11000
Major Support Levels: 10700
Open Interest & price Analysis
BPCL 25.84% 3.64%
BATAINDIA 16.80% 6.49%
KSCL 13.88% 2.74%
SRTRANSFIN 12.18% 1.95%
JPASSOCIAT 11.99% 20.42%
- - -
- - -
- - -
- - -
- - -
SRF 116.19% -12.28%
SUNTV 48.07% -7.94%
NATIONALUM 30.81% -7.12%
UPL 27.82% -8.38%
OIL 19.59% -3.78%
PVR -13.01% -4.22%
ICICIPRULI -10.53% -1.94%
- - -
- - -
- - -

NIFTY WEEKLY PIVOTS
PARTICULAR LEVEL
Fundamental Outlook
Last week, the benchmark Nifty index traded negative for the most part of the week due to pressure from the
global equity market coupled with the weak Indian Rupee against the U.S. dollar, although on the last day of the
week, we saw some short covering in it from the lower levels. Rise in the Crude Oil prices further created pressure
on the benchmark index as the Crude Oil prices almost witnessed 6% gain on weekly basis.
FII & DII activity remained contrast for the most part of the week & was unable to create any impact on the market.
Nifty PE ratio remained in the range of 26.63 – 26.38 during the week & we saw a fall in it as compare to the last 2
weeks.
On Macroeconomic front; important data like Bank Loan Growth, Deposit Growth etc released last week but none
of them able to create major impact on the index move. For this week, there is no major data is scheduled for re-
lease.
Technical Outlook
Last week NIFTY Jun Futures started the week on negative note and made a low of 10704.55, but till the end of the
week, all of its earlier losses were erased and it closed at 10833.95 with the marginal gain of 0.18% on weekly basis.
Technically it’s consolidating near to the downward trend line breakout with the positive RSI and if it breaks the
line, then we can expect further upside movement in it.
Continued …....
Nifty Analysis
R4 11229.20
R3 11084.75
R2 10940.30
R1 10887.15
PP 10795.85
S1 10742.70
S2 10651.40
S3 10506.95
S4 10362.50
.

The major resistance is placed around 10850 and 10980 while support is placed at 10700 and 10550 on down
side. On options front, maximum calls open interest laying at 11000 as the major resistance level and maximum
put open interest laying at 10700 as the major support level. For this week, we can expect sideways to positive
movement in it.
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 26830, it can test the
level of Rs. 27000/ 27100 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs.
26695
Nifty Analysis
Action BUY
Entry Price Below 10820
Target 10950/ 11000
Stop Loss 10715
20 Days EMA POSITIVE
RSI POSITIVE
MACD POSITIVE
STOCHASTIC POSITIVE

Last week BANKNIFTY Jun Futures started the week on negative note and made a low of 26205, but till the end
of the week, all of its earlier losses were erased and it closed at 26788.50 with the overall gain of 1.43% on
weekly basis. Technically it’s consolidating below the major resistance level of 27000 with the positive technical
indicators from last 1 month. On options front also, maximum calls open interest laying at 27000 as the major
resistance level and maximum put open interest laying at 26000 as the major support level.
WEEKLY STRATEGY
PARTICULAR DETAILS
level of Rs. 27000/ 27100 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs.
26695
WEEKLY PIVOTS
PARTICULAR LEVEL
Bank Nifty Analysis
R4 28482.85
R3 27857.85
R2 27232.85
R1 27010.70
PP 26607.85
S1 26385.70
S2 25982.85
S3 25357.85
S4 24732.85
Action SELL
Entry Price BELOW 26830
Target 27000/ 27100
Stop Loss 26695

Technical Outlook
Last week RAMKY NSE Cash started the week on negative note and continued the same for the entire week. It
made a low of 161.00 during the week and closed at 166.90 with the overall loss of 7.53% on weekly basis.
Technically its consolidation near to the breakout of major downward trend line with the positive indicators
and for this week, we can expect short covering in it from the lower levels.
For this week, traders can adopt buy on lower level strategy in it and above the level of 188, it can test the level
of Rs. 198 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 183.
RAMKY CASH ( Call of the Week )
WEEKLY STRATEGY
PARTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
ACTION BUY
ENTRY PRICE Above 188.00
TARGET 198.00
STOP LOSS 183.00
R4 230.15
R3 210.00
R2 189.85
R1 178.40
PP 169.70
S1 158.25
S2 149.55
S3 129.40
S4 109.25

Technical Outlook
Last week GLEANMARK NSE Cash started the week on negative note and after that it witnessed choppy move-
ment for the most part of the week. It made a low of 575.50 during the week and closed at 599.85 with the
overall gain of 2.23% on weekly basis. Currently it’s recovering from the lower levels & had given recovery of
more than 21% in last 5 trading session. Technically it’s trading above the downward trend line breakout cou-
pled with the RSI trading near to 60 and for this week, we can expect further upside movement in it.
level of Rs. 632 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 599.
GLENMARK CASH ( Call of the Week )
WEEKLY STRATEGY
PARTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
R4 689.45
R3 657.70
R2 625.95
R1 612.90
PP 594.20
S1 581.15
S2 562.45
S3 530.70
S4 498.95
ACTION BUY
TARGET 632.00
STOP LOSS 599.00

Technical Outlook
Last week MINDTREE Jun Futures started the week on negative note and after that it witnessed sideways
movement for the entire week. It made a low of 975.85 during the week and closed at 986.65 with the overall
loss of 1.26% on weekly basis. Technically it’s forming Double Top pattern on the charts and consolidating near
to the major upward trend line breakout. For this week, if it sustains below the trend line breakout, then we
can expect further downside movement in it.
For this week, traders can adopt sell on higher level strategy in it and below the level of 963, it can test the
level of Rs. 943 during the week. Trades can make sell position in it by maintaining a Stop Loss of Rs. 970.
MIND TREE FUTURES ( Call of the Week )
WEEKLY STRATEGY
PARTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
R4 1099.95
R3 1063.80
R2 1027.65
R1 1007.15
PP 991.5
S1 971.00
S2 955.35
S3 919.20
S4 883.05
ACTION SELL
ENTRY PRICE Below 963.00
TARGET 943.00
STOP LOSS 970.00

Technical Outlook
Last week HAVELLS Jun Futures started the week on negative note and made a low of 530.15 during the week.
On the last day of the week, we saw good bounce back in it from the lower levels and it closed at 544.25 with
the marginal loss of 2% on weekly basis. Technically HAVELLS is in consolidation phase from last 1 & ½ months
and forming Bullish Engulfing pattern on the daily chart. For this week, we can expect upside movement in it
above the level of 548.00.
level of Rs. 558 during the week. Trades can make buy position in it by maintaining a Stop Loss of Rs. 541.
HAVELLS FUTURES ( Call of the Week )
WEEKLY STRATEGY
PERTICULAR DETAILS
WEEKLY PIVOTS
PARTICULAR LEVEL
R4 645.35
R3 612.20
R2 579.05
R1 561.65
PP 545.90
S1 528.50
S2 512.75
S3 479.60
S4 446.45
ACTION BUY
TARGET 558.00
STOP LOSS 541.00

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High Brow Market Research Investment Advisor Pvt. Ltd. or its associates does not do business with companies covered in research report nor is associated in any manner with any issuer of products/ securities, this ensures that there is no actual
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 25 June 2018 Ways2Capital

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