MOSt Market Roundup
3rd August 2017
EQUITY Market
Cash Volumes (INR in Crores)
Exchange
Today
BSE (Cash)
NA
BSE (Derivatives) 0.31
NSE (Cash)
27701
NSE(Derivatives) 1107686
Total
1135388
Pev. Day
3037
1.26
24102
551177
578317
Sensex
32237.88
238.86
Nifty
10013.65
67.85
Dealer's Diary
Nifty slipped 76 points (0.7%) to close at 10005 and Sensex declined
239 points to close at 32238. Banking stocks recorded sharp declined
and fell over 1%. Traders were booking profits for the second day post
relentless rally in the last few sessions. Moreover, weak global cues
and USDINR fell to 2-year high which was a major concern in the market.
Lupin announced poor earning guidance in FY18 in its conference call.
It has been a negative sentiment in the market, especially on Pharma
stocks. Most of the sectors declined sharply like Auto, Metal, Realty,
Banking & NBFC while Cement stocks were gainers. PNB declined 6%
to close at Rs149. Company announced disappointed Q1 result
yesterday. Lupin Labs recorded sharp declined from the intra-day high.
It has slipped 4% to close 3-year low at Rs993 from intra-day high of
Rs1060. IOC gained 5% to close at Rs387 after its announced Q1 result
while the company reported poor GRM. Titan gained 1% to close at
Rs558. Company posted strong set of Q1 result. Colgate gained 4% to
close at Rs1083 as the company announced better than expected Q1
profit but volume growth reported lower than street estimates. Banking
stocks declined on concern of poor asset quality. SBI declined 2% to
close at Rs301. BoB, Axis Bank, ICICI, BoI, Yes Bank declined between 2-
4%. Cement stocks gained on hope of improvement in demand post
monsoon.
Advance / Decline
Group
Advance
Decline
Unchanged
NIFTY 50
20
31
0
BSE 201
63
136
2
Top Index Gainers
Scrip
IOC
ACC
BHARTIARTL
AMBUJACEM
RELIANCE
LTP
387.95
1817.75
423.40
271.35
1654.00
% Change
4.82
2.58
1.82
1.78
1.52
Top Index Losers
Scrip
LUPIN
COALINDIA
BANKBARODA
HINDALCO
TATAMTRDVR
LTP
986.60
242.00
158.20
221.00
253.45
% Change
-4.67
-3.53
-3.18
-3.16
-2.69
Technical Outlook
Nifty index continued its profit booking for second consecutive session
and corrected towards 10000 mark. It formed a Bearish Belt hold candle
followed by a Bearish Engulfing pattern on the daily chart. It has broken
its rising support trend line by connecting the recent swing lows of
9543, 9646, 9838 and 9944. Now if It sustains below 10050 then profit
booking could continue towards 9950-9928 zones while on the upside
hurdles are placed at 10080 then 10120 levels.
Nifty Futures
10038.85
62.25
Premium
25.20
Nifty Future closed with the loss of 0.62% at 10038. On the option front,
maximum Put OI is at 10000 followed by 9800 strike while maximum
Call OI is at 10500 followed by 10100 and 10200 strike. We have seen
fresh Call writing at 10100 to 10300 strikes while Put OI is intact at 10000
strike. Now a small Call writing in 10100 strike could make this strike as
a highest OI congestion. India VIX fell down by 2.40% at 11.64. Built up
of long position were seen in ACC, Ambujacem, IOC, Colpal, Bata India,
BPCL, HPCL, Voltas, Titan, etc. while shorts were seen in Lupin,
Cumminsind, Jindalstel, PNB, Union Bank, Can Bank, Coal India,
Syndicate Bank, India Cement, Drreddy, Amar Raja Battery, Tatamotors,
Bank India, etc.
Most Active Nifty Calls
Most Active Nifty Puts
Index
Option
10,000
9,900
-
-
Price
INR
96.1
65.0
-
-
No. of Contract
Vol
OI
142979
91225
-
-
66793
52445
-
-
Index
Option
10,200
10,100
-
-
Price
INR
46.0
81.0
-
-
No. of Contract
Vol
OI
120944
116767
-
-
53437
54425
-
-
DERIVATIVE MARKET
Derivative Volumes (INR in Crores)
Exchange
Index Futures
Stock Futures
Index Options
Stock Options
F&O Total
No. of
Contracts
202554
706973
10374152
467908
11751587
Turn
Over
17947
50789
1004396
34553
1107686
Most Active Stock Future
Stock
Futures
LUPIN
RELIANCE
IOC
YESBANK
Price
INR
986.6
1654.0
388.0
1784.6
No. of Contract
Vol
OI
33785
27540
20934
16973
23314
25954
16535
25072
Motilal Oswal Securities Ltd., Motilal Oswal Tower, Level 2, Sayani Road, Prabhadevi, Mumbai 400 025
1
 Motilal Oswal Financial Services
MOSt Market Roundup
3rd August 2017
EQUITY Market
Global Indices
Indices
Dow Fut
Nasdaq Fut
FTSE
Hang Seng
Closing Price
21943
5908
7416.24
27531.01
Change(%)
-0.06
-0.05
0.06
-0.28
News:
3
3
3
3
Currency
V/S INR
Dollar
Euro
Pound
Yen
Closing Price
63.65
75.40
84.23
0.58
Change(%)
0.08
-0.05
0.07
0.05
3
3
3
3
Closing Price
52.58
1263.38
16.53
Change(%)
0.42
-0.26
-0.33
3
3
3
Commodity
Indices
Brent Crude
Gold
Silver
Note - *Data as of today, 5P.M.
Company Meetings on 4th Aug 17
Board Meetings -
Aban Offshore, Andhra Bank,
Apollo Tyres, Arvind Ltd, Berger Paints,
Chennai Petro, Dabur India, EID Parry, Fortis,
Gugarat Narmada Valley Fertilizer, GSFC, HPCL,
Indian Hotel, Kirloskar Oil, M&M, Monsanto
India, MRF, Repco Home Finance, Sheela Foam,
Sobha and Welspun Corp
AGM -
Arvind Ltd, Berger Paints, EID Parry,
IPCA Labs, JK Tyre, Kirloskar O il, M&M, RBL
Bank, Sobha, Tata Sponge, Ramco Cement and
Ujjivan Financial
Results -
Aban Offshore, Andhra Bank, Apollo
Tyres, Arvind Ltd, Berger Paints, Chennai Petro,
Dabur India, EID Parry, Fortis, Gugarat
Narmada Valley Fertilizer, GSFC, HPCL, Indian
Hotel, Kirloskar O il, M&M, Monsanto India,
MRF, Repco Home Finance, Sheela Foam, Sobha
and Welspun Corp
3
Kotak Mahindra Bank to continue with 6% savings bank inter-
est rate
July Nikkei Service PMI at 45.9 vs 53.1 in June
Bajaj Electrical Q1 net profit Rs205mn (down 10.4% YoY) and
sales Rs10.3bn (up 6.5% YoY)
Cummins India Q1 net profit Rs2.22bn (UP 22.7% YoY) and
sales Rs14.8bn (up 17.5% YoY)
Ramco Cement Q1 net profit Rs1.56bn (unchanged) and sales
Rs11.5bn (up 15% YoY)
Colgate Q1 net profit Rs1.36bn (up 8% YoY) and sales Rs11.1bn
- Bloomberg expectation Rs10.8bn (up 11% YoY)
Jyothi Labs Q1 net profit Rs242.9mn (down 47% YoY) and sales
Rs3.85bn (down 12% YoY)
Transformers and Rectifiers approves QIP, Preferance share
issue and to spilt each share into ten
BSE Q1 net profit Rs5.24bn vs Rs437mn, one time gained
Rs4.62bn and sales Rs1.58bn (up 10% YoY)
Lupin Labs gets US FDA approval for generic Crestor tablets,
As per IMS Crestor tablets US sales $3.4bn
IOC Q1 net profit Rs45.5bn (down 45% YoY), GRM $4.32/bn vs
$8.98/bbl and sales Rs1.28tn (up 49.5% YoY).
Lower house of parliament approved Banking Regulation
Amendment Bill which empowers the Reserve Bank of India to
resolve stressed assets clogging the country's banking sys-
tem
Initial jobless claims - Bloomberg expectation 243k (Prior 244k)
Global gold demand dropped to a two-year low in the second
quarter as reduced investment in exchange-traded products
outweighed higher jewelry and bar purchases.
Hong Kong stocks fell from the highest revels since June 2015
amid signs that recent gains were overdone. Standard Char-
tered Plc tumbled the most in more than a year after its chief
executive officer sounded a growth warning.
Global stocks retreated from their recent unprecedented high
amid declines across Asia and as energy shares weighed on
the European index. FTSE and CAC recovered from the low
while DAX declined marginally.
US Data:
3
Commodity:
3
Global Market:
3
Corporate Action on 4th Aug17
Dividends -
AIA Engineering, Balkrishna Indus-
tries, Tata Global, Tata Investment and Voltas
3
Events on 4th Aug 17
US - Change in Non-farm pay roll, Unemploy-
ment rate
Motilal Oswal Securities Ltd., Motilal Oswal Tower, Level 2, Sayani Road, Prabhadevi, Mumbai 400 025
2
 Motilal Oswal Financial Services
MOSt Market Roundup
3rd August 2017
Technical Commentary
Nifty index continued its profit booking for second consecutive session and corrected towards 10000 mark. It formed
a Bearish Belt hold candle followed by a Bearish Engulfing pattern on the daily chart. It has broken its rising support
trend line by connecting the recent swing lows of 9543, 9646, 9838 and 9944. Now if It sustains below 10050 then profit
booking could continue towards 9950-9928 zones while on the upside hurdles are placed at 10080 then 10120 levels.
Follow up - Open Recommendations
Date
TRADING CALL
3-Aug
3-Aug
2-Aug
2-Aug
Scrip
ULTRACEMCOFUT
BAJAJ-AUTO
NIFTY9950PE
NIFTY10100PE
Reco
BUY
BUY
SELL
BUY
Price
4117.50
2833.93
63.75
107.25
Lot*
73
106
75
75
Close
4109.05
2834
79.1
140.3
Target
4166.85
2882.15
-
-
Stop Loss
4092
2810
-
-
MTM +/-
-617
7
-1151
2479
* Lot Size (Only Cash & Future) is calculated based on 3,00,000 Corpus.
# Please Watch for Followup Alerts provided on the Trading Screen / Call your MOSL Advisor
Motilal Oswal Securities Ltd., Motilal Oswal Tower, Level 2, Sayani Road, Prabhadevi, Mumbai 400 025
3
 Motilal Oswal Financial Services
MOSt Market Roundup
3rd August 2017
Pivot Table
Co. Name
NIFTY
SENSEX
ACC
ACEM
APNT
AXSB
BJAUT
BOB
BHEL
BPCL
BHARTI
CIPLA
COAL
DLFU
DRRD
GAIL
GRASIM
HCLT
HDFCB
HMCL
HNDL
HUVR
HDFC
ICICIBC
IDFC
IIB
INFO
ITC
JPA
JSP
KMB
LT
LPC
MM
MSIL
NMDC
NTPC
ONGC
PWGR
PNB
RIL
SBIN
SUNP
TCS
TTMT
TPWR
TATA
UTCEM
VEDL
WPRO
Close
10,014
32,238
1,818
271
1,148
505
2,834
158
139
490
423
555
242
189
2,322
370
1,123
875
1,777
3,839
221
1,170
1,733
295
57
1,641
982
281
25
142
994
1,173
987
1,417
7,750
121
172
166
222
149
1,654
301
514
2,490
432
82
560
4,085
279
289
Low
9,998
32,195
1,758
264
1,127
505
2,800
157
138
485
413
554
241
189
2,314
370
1,101
871
1,774
3,772
220
1,158
1,725
295
57
1,638
980
281
24
140
994
1,168
985
1,404
7,711
121
170
163
219
148
1,617
299
514
2,466
430
82
558
4,070
277
289
S2
9,948
32,004
1,738
260
1,120
497
2,786
153
136
478
409
540
234
184
2,262
366
1,088
863
1,764
3,746
215
1,148
1,693
290
56
1,624
968
278
23
129
983
1,158
936
1,397
7,645
118
168
162
217
142
1,597
294
503
2,451
422
81
551
4,029
274
284
S1
9,981
32,121
1,778
266
1,134
501
2,810
156
137
484
416
548
238
187
2,292
368
1,106
869
1,770
3,792
218
1,159
1,713
293
56
1,633
975
279
24
136
989
1,166
961
1,407
7,698
119
170
164
219
145
1,626
297
509
2,470
427
82
555
4,057
277
287
PP
10,031
32,312
1,798
269
1,141
509
2,824
160
139
491
421
561
245
192
2,344
372
1,119
877
1,781
3,819
223
1,169
1,745
297
57
1,646
987
282
25
146
999
1,175
1,011
1,414
7,763
122
172
165
222
152
1,645
302
519
2,486
434
83
562
4,098
280
291
R1
10,064
32,429
1,838
275
1,156
513
2,848
162
141
498
428
569
249
194
2,374
374
1,136
883
1,788
3,865
226
1,180
1,765
300
58
1,655
994
284
26
153
1,005
1,183
1,036
1,424
7,816
124
174
167
225
155
1,674
306
525
2,506
439
83
566
4,126
282
294
R2
10,114
32,620
1,858
278
1,163
520
2,863
166
142
505
432
582
256
199
2,427
378
1,149
890
1,799
3,892
231
1,191
1,797
304
59
1,668
1,005
287
27
163
1,015
1,192
1,086
1,432
7,881
126
176
169
227
161
1,693
311
535
2,522
446
84
573
4,167
285
298
High
10,081
32,503
1,818
273
1,149
516
2,839
164
141
499
425
575
252
196
2,397
375
1,132
884
1,792
3,845
228
1,180
1,777
302
58
1,660
999
285
26
157
1,010
1,185
1,060
1,422
7,829
125
174
167
225
158
1,665
307
530
2,502
442
83
568
4,139
283
295
Motilal Oswal Securities Ltd., Motilal Oswal Tower, Level 2, Sayani Road, Prabhadevi, Mumbai 400 025
4
 Motilal Oswal Financial Services
MOSt Market Roundup
3rd August 2017
MOSt Velocity / High Conviction
MOSt Velocity
Account Summary
Cash Market
Model Corpus Value
Total Return till date
Booked Profit
Unrealised Profit
Historical Performance
INR
1000000
1017351
1025342
-7991
101.7%
102.5%
-0.8%
Return %
Period
Inception
36 Months
24 Months
12 Months
6 Months
3 Months
Benchmark Return % Portfolio
BSE200
NIFTY
Return %
108.5%
97.9%
101.7%
38.9%
30.3%
53.2%
21.0%
17.6%
17.0%
19.5%
17.2%
8.6%
14.9%
14.6%
5.5%
7.0%
7.8%
3.4%
Relative Out Performance %
With Bse 200 With Nifty
-6.8%
3.8%
14.3%
22.9%
-4.0%
-0.6%
-10.9%
-8.6%
-9.5%
-9.1%
-3.6%
-4.5%
MOSt Velocity - Open Position
Stock Name
TATAMOTORS
BHARATFORG
RBLBANK
DHFL
FEDERALBNK
ULTRACEMCO
Cash
Total
Sector Name
AUTO
AUTO
FINANCIAL
FINANCIAL
FINANCIAL
CEMENT
Cash
Reco Date
11-Apr-17
9-May-17
21-Jun-17
17-Jul-17
20-Jul-17
01-Aug-17
Wtg%
10.0%
10.0%
10.0%
5.0%
10.0%
10.0%
45.0%
100.0%
CMP
431
1162
517
451
113
4084
High Conviction
Account Summary
Cash Market
Model Corpus Value
Total Return till date
Booked Profit
Unrealised Profit
INR
300000
80526
80526
0
Return %
26.8%
26.8%
0.0%
High Conviction Trading Idea Performance
Remark
Oct'16
Nov'16 Dec'16
5
60%
-2906
4
25%
-11721
Jan'17
6
67%
14962
Feb'17
4
75%
6327
Mar'17
4
100%
23855
Apr'17
5
80%
20182
May'17
6
50%
674
Jun'17
2
0%
-17365
Jul'17
5
60%
4751
No. of Calls 4
Strike Rate 50%
P&L
9328
Motilal Oswal Securities Ltd., Motilal Oswal Tower, Level 2, Sayani Road, Prabhadevi, Mumbai 400 025
5
 Motilal Oswal Financial Services
MOSt Market Roundup
3rd August 2017
MOSt Multi Cap
MOSt Multi Cap- Performance
Returns
MOSt Multicap
Sensex
BSE 200
* Inception date: 31st Jan 2016
3mth
3.5%
8.7%
7.3%
6mth
13.9%
17.6%
18.4%
1yr
30.6%
15.9%
18.7%
Since inception*
56.6%
30.7%
37.3%
Data as on 31st July 2017
MOSt Multi Cap- Open Positions
Stock Name
Hero Motocorp
Zee Entertainment Enterprises Ltd
HDFC Bank
Piramal Enterprises Limited
Yes Bank Ltd
CG Consumer Electricals ltd
Can Fin Homes Ltd
Sterling Tools Ltd
P I Industries Ltd
SRF Ltd
Shriram City Union Finance Ltd
Capital First
Ramco Cements Ltd
Granules India Limited
Cash
Total
Sector Name
Automobiles
Media
Banking
Diversified
Banking
Capital Goods
Financial
Automobiles
Agriculture
Textiles
Financial
Oil & Gas
Cement
Pharmaceuticals
CMP
3838
540
1780
2902
1785
215
2992
240
729
1508
2225
764
689
451
132
Allocation (%)
10
10
10
5
5
5
5
5
5
5
5
5
5
5
5
10
100
Dewan Housing Finance Corporation Ltd Financial
Motilal Oswal Securities Ltd., Motilal Oswal Tower, Level 2, Sayani Road, Prabhadevi, Mumbai 400 025
6
 Motilal Oswal Financial Services
MOSt Market Roundup
3rd August 2017
Upcoming Economic Events Calendar
Motilal Oswal Securities Ltd., Motilal Oswal Tower, Level 2, Sayani Road, Prabhadevi, Mumbai 400 025
7
 Motilal Oswal Financial Services
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compensation of the research analyst(s) was, is, or will be directly or indirectly related to the specific recommendations and views expressed by research
analyst(s) in this report.
Disclosure of Interest Statement
Analyst ownership of 1% or more securities
No
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Research Analyst views on Subject Company may vary based
on Fundamental research and Technical Research. Proprietary trading desk of MOSL or its associates maintains arm's length distance with Research Team as
all the activities are segregated from MOSL research activity and therefore it can have an independent view with regards to subject company for which
Research Team have expressed their views.
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publication, availability or use would be contrary to law, regulation or which would subject MOSL & its group companies to registration or licensing
requirements within such jurisdictions.
Motilal Oswal Securities Ltd., Motilal Oswal Tower, Level 2, Sayani Road, Prabhadevi, Mumbai 400 025
 Motilal Oswal Financial Services
For Hong Kong:
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regulated by the Hong Kong Securities and Futures Commission (SFC) pursuant to the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong
Kong) "SFO". As per SEBI (Research Analyst Regulations) 2014 Motilal Oswal Securities (SEBI Reg No. INH000000412) has an agreement with Motilal Oswal
capital Markets (Hong Kong) Private Limited for distribution of research report in Hong Kong. This report is intended for distribution only to "Professional
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investor and will be engaged only with professional investors." Nothing here is an offer or solicitation of these securities, products and services in any
jurisdiction where their offer or sale is not qualified or exempt from registration. The Indian Analyst(s) who compile this report is/are not located in Hong Kong
& are not conducting Research Analysis in Hong Kong.
For U.S.
Motilal Oswal Securities Limited (MOSL) is not a registered broker - dealer under the U.S. Securities Exchange Act of 1934, as amended (the"1934 act") and
under applicable state laws in the United States. In addition MOSL is not a registered investment adviser under the U.S. Investment Advisers Act of 1940, as
amended (the "Advisers Act" and together with the 1934 Act, the "Acts), and under applicable state laws in the United States. Accordingly, in the absence of
specific exemption under the Acts, any brokerage and investment services provided by MOSL, including the products and services described herein are not
available to or intended for U.S. persons. This report is intended for distribution only to "Major Institutional Investors" as defined by Rule 15a-6(b)(4) of the
Exchange Act and interpretations thereof by SEC (henceforth referred to as "major institutional investors"). This document must not be acted on or relied on
by persons who are not major institutional investors. Any investment or investment activity to which this document relates is only available to major
institutional investors and will be engaged in only with major institutional investors. In reliance on the exemption from registration provided by Rule 15a-6 of
the U.S. Securities Exchange Act of 1934, as amended (the "Exchange Act") and interpretations thereof by the U.S. Securities and Exchange Commission
("SEC") in order to conduct business with Institutional Investors based in the U.S., MOSL has entered into a chaperoning agreement with a U.S. registered
broker-dealer, Motilal Oswal Securities International Private Limited. ("MOSIPL"). Any business interaction pursuant to this report will have to be executed
within the provisions of this chaperoning agreement.
The Research Analysts contributing to the report may not be registered /qualified as research analyst with FINRA. Such research analyst may not be associated
persons of the U.S. registered broker-dealer, MOSIPL, and therefore, may not be subject to NASD rule 2711 and NYSE Rule 472 restrictions on communication
with a subject company, public appearances and trading securities held by a research analyst account.
For Singapore
Motilal Oswal Capital Markets Singapore Pte Limited is acting as an exempt financial advisor under section 23(1)(f) of the Financial Advisers Act(FAA) read with
regulation 17(1)(d) of the Financial Advisors Regulations and is a subsidiary of Motilal Oswal Securities Limited in India. This research is distributed in Singapore
by Motilal Oswal Capital Markets Singapore Pte Limited and it is only directed in Singapore to accredited investors, as defined in the Financial Advisers
Regulations and the Securities and Futures Act (Chapter 289), as amended from time to time. In respect of any matter arising from or in connection with the
research you could contact the following representatives of Motilal Oswal Capital Markets Singapore Pte Limited:
Disclaimer:
The report and information contained herein is strictly confidential and meant solely for the selected recipient and may not be altered in any way, transmitted
to, copied or distributed, in part or in whole, to any other person or to the media or reproduced in any form, without prior written consent. This report and
information herein is solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or
subscribe for securities or other financial instruments. Nothing in this report constitutes investment, legal, accounting and tax advice or a representation that
any investment or strategy is suitable or appropriate to your specific circumstances. The securities discussed and opinions expressed in this report may not be
suitable for all investors, who must make their own investment decisions, based on their own investment objectives, financial positions and needs of specific
recipient. This may not be taken in substitution for the exercise of independent judgment by any recipient. Each recipient of this document should make such
investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document
(including the merits and risks involved), and should consult its own advisors to determine the merits and risks of such an investment. The investment discussed
or views expressed may not be suitable for all investors. Certain transactions -including those involving futures, options, another derivative products as well
as non-investment grade securities - involve substantial risk and are not suitable for all investors. No representation or warranty, express or implied, is made
as to the accuracy, completeness or fairness of the information and opinions contained in this document. The Disclosures of Interest Statement incorporated
in this document is provided solely to enhance the transparency and should not be treated as endorsement of the views expressed in the report. This
information is subject to change without any prior notice. The Company reserves the right to make modifications and alternations to this statement as may
be required from time to time without any prior approval. MOSL, its associates, their directors and the employees may from time to time, effect or have
effected an own account transaction in, or deal as principal or agent in or for the securities mentioned in this document. They may perform or seek to perform
investment banking or other services for, or solicit investment banking or other business from, any company referred to in this report. Each of these entities
functions as a separate, distinct and independent of each other. The recipient should take this into account before interpreting the document. This report has
been prepared on the basis of information that is already available in publicly accessible media or developed through analysis of MOSL. The views expressed
are those of the analyst, and the Company may or may not subscribe to all the views expressed therein. This document is being supplied to you solely for your
information and may not be reproduced, redistributed or passed on, directly or indirectly, to any other person or published, copied, in whole or in part, for
any purpose. This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality,
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to any registration or licensing requirement within such jurisdiction. The securities described herein may or may not be eligible for sale in all jurisdictions or to
certain category of investors. Persons in whose possession this document may come are required to inform themselves of and to observe such restriction.
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Registered Office Address: Motilal Oswal Tower, Rahimtullah Sayani Road, Opposite Parel ST Depot, Prabhadevi, Mumbai-400025; Tel No.: 022-3980 4263;
www.motilaloswal.com. Correspondence Address: Palm Spring Centre, 2nd Floor, Palm Court Complex, New Link Road, Malad (West), Mumbai- 400 064. Tel
No: 022 3080 1000. Compliance Officer: Neeraj Agarwal, Email Id:
na@motilaloswal.com,
Contact No.:022-30801085.
Registration details of group entities.: MOSL: NSE (Cash): INB231041238; NSE (F&O): INF231041238; NSE (CD): INE231041238; BSE (Cash): INB011041257;
BSE(F&O): INF011041257; BSE(CD); MSE(Cash): INB261041231; MSE(F&O): INF261041231; MSE(CD): INE261041231; CDSL: IN-DP-16-2015; NSDL: IN-
DP-NSDL-152-2000; Research Analyst: INH000000412. AMFI: ARN 17397. Investment Adviser: INA000007100. Motilal Oswal Asset Management Company
Ltd. (MOAMC): PMS (Registration No.: INP000000670) offers PMS and Mutual Funds products. Motilal Oswal Wealth Management Ltd. (MOWML): PMS
(Registration No.: INP000004409) offers wealth management solutions. *Motilal Oswal Securities Ltd. is a distributor of Mutual Funds, PMS, Fixed Deposit,
Bond, NCDs, Insurance and IPO products. * Motilal Oswal Commodities Broker Pvt. Ltd. offers Commodities Products. * Motilal Oswal Real Estate Investment
Advisors II Pvt. Ltd. offers Real Estate products. * Motilal Oswal Private Equity Investment Advisors Pvt. Ltd. offers Private Equity products
Motilal Oswal Securities Ltd., Motilal Oswal Tower, Level 2, Sayani Road, Prabhadevi, Mumbai 400 025