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TUESDAY • FEBRUARY 22, 2022

MUMBAI

₹�10 • Pages 12 • Volume 29 • Number 52 Bengaluru Chennai Coimbatore Hubballi Hyderabad Kochi Kolkata Madurai Malappuram Mangaluru Mumbai Noida Thiruvananthapuram Tiruchirapalli Tirupati Vijayawada Visakhapatnam Regd. TN/ARD/14/09-11, RNI No. 55320/94

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MUMBAI

BusinessLineJ2 TUESDAY • FEBRUARY 22 • 2022

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Bengaluru Chennai Coimbatore Hubballi Hyderabad Kochi Kolkata Madurai Malappuram Mangaluru Mumbai Noida Thiruvananthapuram Tiruchirapalli Tirupati Vijayawada Visakhapatnam

TUESDAY • FEBRUARY 22, 2022

MUMBAI

₹�10 • Pages 12 • Volume 29 • Number 52

DATA FOCUS

The pace of administering booster

doses of Covid­19 vaccination is

yet to pick up in India p2

COVID VAX FOR ADOLESCENTS

Biological E’s Corbevax has received

emergency­use authorisation from the DCGI for

use in adolescents aged 12 to 18 years p10

MONDAY BLUES

More than 2,800 stocks ended in

the red on BSE as Sensex, Nifty fell

for the fourth straight day p6

SHISHIR SINHA

New Delhi, February 21

The government is mulling onways  to  ensure  anonymity  ofusers  of  the  Central  Bank  Di­gital Currency (CBDC) just likepaper­ or metal­based fi�at cur­rency. Experts have called for anapproach that strikes a balancebetween easy use and privacy.

“One  option  could  be  inclu­sion  of  a  specifi�c  provision,while passing the Finance Bill,to  ensure  the  anonymity  ofusers,” a source said. Anonym­ity means the central bank doesnot  keep  a  record  of  users  onthe basis of a particular seriesof currency. Banks would haverecords about the value of thetransaction,  but  not  detailsabout the specifi�c series of cur­rency  with  a  particularcustomer.

Boost to digital economyThis year, the Budget proposedthe  introduction  of  the  CBDC,using  blockchain  and  othertechnologies, by the RBI duringthe next fi�scal year. The govern­ment claims this will give a bigboost  to  the  digital  economy,besides leading to a more effi�­cient  and  cheaper  currencymanagement  system.  Accord­ing to the RBI, the CBDC will bea legal tender in digital form. Itwill  be  the  same  as fi�at  cur­rency and will be exchangeableone­to­one with fi�at currency.

The  Finance  Bill  has  provi­sions for amending the RBI Act,1934, to introduce the CBDC. Anamendment needs to be madeto Sections 2 and 22 of the Act,which will ensure that CBDC isregarded as bank notes. It is fur­ther  proposed  to  insert  a  newSection 22A relating to the non­applicability of Sections 24 (de­nomination of notes), 25 (formof  bank  notes),  27  (re­issue  ofnotes),  28  (recovery  of  noteslost,  stolen,  mutilated  or  im­perfect)  and  39  (obligation  tosupply  diff�erent  forms  of  cur­rency) of the Act for the digitalbank note.

As on date, there is nothingmentioned about how to main­tain the privacy of CBDC users.However, sources said this canbe  done  through  law  or  withthe help of technology.

Balanced approach Kanwal Prakash Singh, a Quant(quantitative  analyst),  sayswhile  the  Right  to  Privacy  is  afundamental right of users, thestate has an important duty toprotect its citizens from unlaw­ful  activities  (terrorism,  insur­gency, violence, frauds). Thus, abalanced approach is requiredto  achieve  adoption  of  theCBDC. 

He suggested an ‘AnonymityVoucher’ as a possible solution.This  voucher  has  been  de­veloped  by  the  Eurochain  Re­search  Network  (a  collabora­tion  of  a  large  set  of  centralbanks  set  up  by  the  EuropeanCentral Bank). Each user can beprovided  with  AnonymityVouchers  that  they  can  spentfor  small  transactions  using  aCBDC.  But  these  vouchers  willhave  no  monetary  value,  norcan  be  transferred  amongstusers.

Larger  transactions  (basedon  criteria  set  by  authorities)may have to mandatorily revealinformation.  More  work  is  re­quired  to  reduce  the  informa­tion  visible  to  parties  not  in­volved in transactions. 

“As  an  enhancement  to  thisproof  of  concept,  the  Indianversion  of  CBDC  may  have  anarrangement  for  a  dedicatedindependent body/court order,which should reveal the detailsof the user’s transaction. Suchintervention may go a step fur­ther  in  boosting  confi�denceand transparency by informingthe user about the access of histransaction  data.  With  block­chain solutions, such function­alities can be implemented effi�­ciently,” he said.

Govt mulls ways to ensureprivacy of CBDC users Options include

inserting a

provision in

Finance Bill or by

using technology

The Budget has proposed the introduction of digital currency, using

blockchain and other technologies, by the RBI in FY23 ISTOCKPHOTO

OUR BUREAU

New Delhi, February 21

Foreign  institutional  in­vestor interest in the Indianstock  market  will  not  be  af­fected by the NSE scam, saidM Damodaran,  formerChairman  of  SEBI  and  nowChairperson  of  corporateadvisory  Excellence  Ena­blers.  But  he  conceded  thatthe  reputation  of  India’spremier  stock  exchange  hasbeen dented and it needs toact quickly to repair it. 

Damodaran  was  speakingat a BusinessLine KnowledgeSeries  Webinar  on  ‘NSE’s  Hi­malayan  Scam’  on  Monday.Other  participants  in  thediscussion  included  J  NGupta, Founder & MD, Stake­holders  Empowerment  Ser­vices,  BusinessLine journal­ists  Lokeshwarri  SK,Associate  Editor,  and  PalakShah,  Senior  Assistant  Ed­itor.  The  webinar  was  mod­erated  by  RaghuvirSrinivasan,  Editor,BusinessLine.

Gupta called for an end tothe practice of SEBI appoint­ing public interest directorsin  stock  exchanges.  He  saidthat  when  they  fail  to  de­liver, the blame lands on themarket  regulator.  BothDamodaran  and  Gupta  saidthat  it  is  time  to  learn  fromthis crisis and move on. 

Damodaran  warned  thatif  the  ‘checks  and  balances'are not reviewed and correc­ted,  Part­2  of  this  episodewill happen. He also said themarket  regulator  must  armitself  with  the  right  kind  ofpeople  to  do  its  workeff�ectively.

Details p10

NSE scam won’t

affect FII interest:

Former SEBI chief

PALAK SHAH

Mumbai, February 21

While NSE’s former MD and CEOChitra  Ramkrishna  and  herdeputy  Anand  Subramanianhave  been  blamed  for  the  mis­management  at  the  stock  ex­change, it now appears that thethen  board  members  of  NSEwere  also  made  aware  of  thetransgressions.

In  September  2016,  then  SEBIchairman  UK  Sinha  and  Whole­time  Member  Rajeev  Agarwalsummoned  some  NSE  boardmembers  to  SEBI’s  Mumbaiheadquarters  and  revealed  tothem the misdeeds of Ramkrish­na  and  a  few  SEBI  offi�cials.  Thiswas documented in the minutesof the meeting, according to topsources.    “The  board  memberswere  apprised  of  her  misman­agement  and  omission  of  dutythat  led to the co­location scamand  the  illegal  appointment  ofAnand  Subramanian,”  sourcesclose to SEBI told BusinessLine. 

Yet,  Ramkrishna  was  given  a

clean chit by the NSE board. Shewas  given  a  ‘dignifi�ed’  exit,praised for her governance of thebourse  and  handed  out    nearly₹�50  crore  as  severance  pay  andother dues for three years whenshe headed the NSE. 

No clawback clauseLegal  experts  say  that  whensenior  company  offi�­cials  leave  in  contro­versial circumstances,the board is supposedto make them sign anagreement  with  a‘clawback’  clause,  aswas  the  case  whenICICI  Bank  MD/CEOChanda  Kochharstepped  down.  InDecember 2016, Koch­har was made to execute a ‘clawback  agreement’  which  entitledICICI  Bank  a  return  of  the  vari­able pay paid or deferred variablepay if any gross negligence or in­tegrity breach by Kochhar is de­termined. The NSE did not do this

with Ramkrishna, former SEBI of­fi�cials say.

Just  two  months  beforeRamkrishna  resigned,  SEBI  hadordered the NSE board to fi�x indi­vidual  responsibility  for  the  co­locations  scam.  Agarwal,  whowas briefi�ng the NSE board mem­bers, told them that glaring factshad come out in the regulator’sinvestigations by the cross func­tions  team.  Agarwal  even  askedthe  exchange  to  get  anotherforensic audit conducted. In less

than two months,after  this  high­power meeting,Agarwal, who waslooking  into  thecrucial  co­loca­tion  case  as  in­charge  of  marketregulations  de­partment,  was‘not’  given  an  ex­tension  and  had

to leave SEBI  in November 2016.But  before  Agarwal  left,  he  hadtold  the  NSE  board  that  the  ex­change  should  deposit  profi�tsearned from the co­location trad­ing into an escrow account,  thesources  said.  Under  Sinha  and

Agarwal, SEBI had also ordered aprobe  into  the  NSE’s  trading  ar­chitecture designed by IIT­Mum­bai and the then head of the in­vestigations,  AshokJhunjhunwala, had given a scath­ing  report.  SEBI  had  passed  thefi�nding of the CFT and IIM to theNSE board. But former SEBI offi�­cials  say  that  some  NSE  boardmembers, who were part of theNSE fact fi�nding committee, gavea clean  chit  to  Ramkrishna  ar­guing vigorously in her favour inSEBI meetings. 

While  some  of  the  crucial  in­vestigations that nailed the NSEand  the  top  management  forlapses  in  the  co­location  infra­structure  were  conducted  dur­ing  the  time  of  Sinha  and  Agar­wal,  the  adjudication  processmainly started when the incum­bent  chairman  Ajay  Tyagi  tookcharge. Though Ramkrishna wascaught  passing  confi�dential  in­formation, fi�nancial details to anunidentifi�ed person outside theexchange, no charges of fraud, in­sider trading or criminal breachof  trust  have  been  levelledagainst  her  by  the  exchange  orSEBI till date.

Then SEBI chief UK Sinha and Wholetime

Member Agarwal had briefed the board 

NSE board members were informed ofChitra’s transgressions in 2016 by SEBI

Chitra Ramkrishna

RBI to undertake $5-b$/Re swap auctionMumbai, February 21

The Reserve Bank of India has

decided to undertake a US

dollar/Indian rupee sell/buy

swap auction of $5 billion on

March 8, amid the upcoming

reversal of a buy/sell auction it

had undertaken for a similar

amount three years back. Under

a sell/buy swap, a bank buys

USD from the RBI and

simultaneously agrees to sell

the same amount of USD at the

end of the swap period. p3

FM to banks: Be morecustomer-friendly Mumbai, February 21

Finance Minister Nirmala

Sitharaman on Monday urged

banks to be more

customer-friendly to support

entrepreneurs. “Banks will have

to be a lot more

customer-friendly ... not to the

extent of taking adverse risks.

This is an area which is so

interesting and critical,” she

said at a post-Budget meet with

industry representatives in

Mumbai. p3

Skymet forecastsnormal monsoonBengaluru, February 21

The South-West monsoon is

expected to be “normal” this

year, says private weather

forecaster Skymet in its

‘Preliminary Monsoon Forecast

Guidance for 2022’. “This could

be one of the ‘normal’ monsoon

years making a robust start and

finishing around the midway

mark of the normal range, the

range of normal rainfall is

96-104 per cent of long-period

average (880.6mm),” it said. p8

Keen on listing inMarch: LIC chiefMumbai, February 21

Life Insurance Corporation of

India hopes to launch its mega

IPO this fiscal, said its Chairman,

MR Kumar, on Monday.

“We are watching the

geopolitical developments

closely, but are keen on listing

in March,” he told presspersons.

The valuation process is

currently on, said Kumar,

adding that policyholders have

shown a lot of interest in the

IPO. p10

INSIDE

Regd. TN/ARD/14/09-11, RNI No. 55320/94

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MUMBAI

2 BusinessLine TUESDAY • FEBRUARY 22 • 2022NEWS

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PARVATHI BENU

Chennai, February 21

The  pace  of  administeringbooster doses is yet to pick upin  India.  According  to  dataavailable on CoWIN, the num­ber  of  booster  doses  admin­istered  has  come  down  overthe past weeks.

While  37,04,876  jabs  wereadministered  between  Janu­ary 8 and 14, in the past sevendays  (February  12  to  18),  thenumber fell by more than 20lakh.  Only  16,16,089  boosterdoses  were  administered  inthis period. The numbers star­ted  falling  from  the  January29­February  4  period.  As  ofFebruary  20,  a  total  of1,79,10,099 booster doses havebeen administered across thecountry.

Administering of jabsIndia  started  administeringbooster doses on January 10 tohealth  and  frontline  workersand  immunocompromisedsenior citizens. This also coin­cided with the time when theOmicron  variant­led  thirdwave began in the country. Onthe fi�rst day, according to theMinistry of Health and FamilyWelfare, around 10 lakh doseswere  administered.  However,the Ministry had also notifi�edthat those eligible for the jabscould get it only nine monthsafter  receiving  the  seconddose  of  the  vaccine.  This

means,  only  those  who  werefully  vaccinated  in  April  2021and  are  seniors  with  co­mor­bidities  could  get their  pre­cautionary or booster dose inJanuary.

Oommen John, Senior Pub­lic  Health  Expert,  George  In­stitute  for  Global  Health,points  out  a  few  probablereasons.  “During  the  thirdwave,  a  large  number  ofpeople got infected by Covid,compared to the fi�rst and thesecond waves. Now even afteryou test negative you have towait  for  a  window  of  around90  days  to  get  a  dose  of  vac­cine,”  he  points  out.  “Peoplemay have been hesitant aboutgoing to a health facility, fear­ing that they may contract thevirus  from  there.  Also,  wemust  look  at  the  proportionof the population who is actu­ally  eligible  for  the  boosterdose,” he adds.

John  also  says  there  hasn’tbeen  much  of  an  eff�ort  fromthe government’s side to pro­mote  booster  doses.  “Earlier,frontline  workers  were  givena target  of  vaccinating  a  cer­tain  number  of  people.  I  donot think that happened withthe booster dose,” he says.

Lower severity of OmicronKR  Antony,  Former  Director,State Health Resource Centre,Chhattisgarh,  believes  thatthe  pace  of  administeringbooster  jabs  isn’t  picking  upowing  to  the  less  severity  ofthe Omicron variant. “During

the third wave, we did not seea lot of mortalities or hospit­alisations,”  he  says.  Whiledaily  deaths  peaked  duringthe fi�rst week of February, thenumbers  are  now  on  a  con­stant  decline.  “People  havestarted treating Omicron likethe  common  fl�u.  We  did  nothear of an alarming situationof  oxygen  shortage  likeearlier.  This  could  be  one  ofthe reasons why the numbersaren’t that high,” he adds.

Falling number dosesSince  the  beginning  of  2022,the  number  of  vaccine  doseshas  been  falling  across  thecountry,  according  to  the

CoWIN data. While 5,47,61,236doses  were  administeredbetween  January  1  and  7,between  February  12  and  18,only  2,27,56,830  jabs  wereadministered.

Between  these  days,  Indiahad  started  vaccinatingpeople between the ages of 15and 18, apart from administer­ing booster doses. At the sametime, according to the govern­ment,  on  December  30,  2021,90  per  cent  of  the  eligiblepopulation  had  received  atleast  one  dose  of  the  Covidvaccine.  Also,  India  has  ad­ministered  a  total  of1,75,39,42,594  vaccine  dosesuntil now.

37 lakh jabs given in 2nd week of January;

number fell by 20 lakh in 3rd week of Feb

Pace of administering Covid booster dose is slackening

DATA FOCUSOUR BUREAU

Mumbai, February 21

Tata  Power  and  German  elec­tricity  generating  companyRWE have agreed on a partner­ship  to  explore  the  potentialfor a joint development of off�­shore wind projects in India. 

A MoU  has  been  signedbetween  Tata  Power  Renew­able Energy, a 100 percent sub­sidiary of Tata Power which isone  of  India’s  largest  integ­rated  power  companies,  andRWE  Renewables  GmbH,  oneof  the  world’s  leaders  in  off�­shore wind. 

Identifying potentialBoth  will  conduct  technicaland  commercial  site  assess­ments  and  evaluate  Indianoff�shore  wind  supply  chainand  supporting  infrastruc­ture,  such  as  ports  and  gridconnections,  to  identify  thelocal  strengths  as  well  as  ne­

cessary  developmentpotential.

Global expertisePraveer  Sinha,  CEO  and  Man­aging  Director  of  Tata  Power,said: “RWE is our ideal partnerto support Tata Power’s plansto enhance and grow off�shorewind  business  based  on  itsglobal  expertise  in  runningand  operating  off�shore  windprojects.”

Unexplored marketThe  companies  state  that  In­dia  is  an  unexplored  andhighly attractive market to de­velop  opportunities  for  off�­shore  wind  as  it  has  a  largecoastline of about 7,600 km.

The  MoU  becomes  signifi�c­ant  in  the  light  of  the  IndianGovernment’s  announce­ment  of  achieving  30gigawatts  (GW)  of  off�shorewind installations by 2030 to

meet  the  country’s  growingpower demands.

Clean regulations neededSven  Utermöhlen,  CEO  WindOff�shore  of  RWE  Renewables,explains: “If clear regulationsand  an  eff�ective  tenderscheme are in place, we expectIndia’s off�shore wind industrywill  gain  a  real  momentum.RWE  wants  to  be  part  of  thisdevelopment.” 

The  RWE  Group  has  morethan  120  years’  experience  ofelectricity  generation.  Foun­ded  in  1898  as  a  municipalutility, RWE today is a leadingglobal  player  in  renewables.RWE has developed 17 off�shorewind  farms  in  fi�ve  countries.By 2030, RWE intends to tripleits global off�shore wind capa­city from currently 2.4 GW to 8GW (capacity represents RWEshare only).

Deal in line with Centre’s aim of 30 GW

of offshore wind installations by 2030

Tata Power, RWE ink pact toexplore offshore wind projects

OUR BUREAU

Chennai, February 21

Truck and bus marker DaimlerIndia  Commercial  Vehicles(DICV), a  100 per cent subsidi­ary  of  Daimler  Truck  AG,  hasentered  into  partnership  withCERO, a scrappage and steel re­cycling  facility  owned  byMahindra  MSTC  Recycling  PvtLtd (MMRPL). 

The partnership is aimed atoff�ering  hassle­free  service  totruck owners, who seek to scraptheir end of life (ELV) commer­cial vehicles and replace themwith new BharatBenz trucks. 

Eco-friendly recycling CERO is described as an organ­ised automobile recycling initi­ative, introduced to reduce car­bon  footprint  usingeco­friendly methods of recyc­ling  metals  from  ELVs,  said  astatement.

“Scrappage  is  an  importantstep towards reducing carbon

footprint  and  old,  pollutingvehicles  from  Indian  roads,which is the need of the hour.This is an opportunity for cus­tomers to replace their old fl�eetwith  new,  BSVI  BharatBenztrucks.  We  see  great  potentialfor new truck sales with the ef­fective  implementation  of  theScrappage  Policy,“  saidSatyakam  Arya,  Managing  Dir­ector & CEO, DICV.

DICV aims to provide an end­to­end  solution  to  customersfor  scrapping  their  old  trucksright  from  the  process  ofvehicle  valuation  up  until  thereceipt  of  CoD  (Certifi�cate  ofDeposit).

“CERO is India’s fi�rst govern­ment  authorised  recycler  formotor vehicles built on the PPPmodel,  focused  on  achievingzero pollution while vehicle re­cycling,“ Sumit Issar, ManagingDirector  of  Mahindra  Inter­tradem,  and  Director  at  MM­RPL, said.

Daimler India inks pact with CERO

OUR BUREAU

Hyderabad, February 21

Russia’s  Binnopharm  Groupwill  acquire  anti­bacterialmedicines under the Ciproletand  Levolet  brands  from  DrReddy’s  Laboratories  in  Rus­sia, Uzbekistan and Belarus.

The portfolio includes vari­ous dosage forms such as tab­lets,  solution  for  infusionsand eye drops.

The  Sistema  Group  com­pany,  Binnopharm  Group  ofRussia  via  its  affi�liate  jointstock company Alium and Hy­derabad  ­based  Dr Reddy’sLaboratories  have  signed  adeal to acquire the brands.

“The acquisition of Ciproletand  Levolet  is  an  importantstep to enhance our position

in the antibiotics market, oneof  the  key  market  segmentsfor  Binnopharm  Group,”Rustem Muratov, CEO, Binno­pharm  Group,  said  in  a  re­lease issued on Monday.

Trustworthy brands“These  strong  brands  havealready  had  the  trust  of  mil­lions  of  consumers  –  accord­ing  to  independent  analystestimation they are leaders intheir  market  segments.  Theywill  be  a  valuable  comple­ment to our portfolio of anti­bacterial  products.  We  arealso acquiring rights to these

products  in  Belarus  andUzbekistan  in  line  with  ourstrategic  goal  to  strengthenpresence in the internationalmarkets,” he added.

Focus on therapy areasMV  Ramana,  CEO  –  BrandedMarkets  (India  &  EmergingMarkets),  Dr  Reddy’s,  said,“Our  Russia  and  CIS  marketscontinue  to  be  strong  per­formers for the company. Thisdeal  is  a  step  towards  divest­ing brands  in non­core areasin  order  to  consolidate  andstrengthen  our  play  furtherin our key focus therapy areasof  gastro­enterology,  painmanagement, cold and fl�u, al­lergy,  oncology,  neurology,paediatrics  and  women’shealth.”

This will help us accelerateaccess  to  aff�ordable  and  in­novative medicines in the re­gion  in  these  segments,  headded.

The portfolio

includes tablets,

eye drops, solution

for infusions

Russia’s Binnopharm to acquire Dr Reddy’s anti-bacterial brands

DEBANGANA GHOSH

Mumbai, February 21

Mobile­fi�rst  credit  cardbrand  OneCard’s  parent  FPLTechnologies is in talks withSingapore­based  TemasekHoldings,  among  other  newand  existing  global  in­vestors, to raise funding at aunicorn  valuation,  twopeople aware of the develop­ment told BusinessLine.

This  comes  a  month  afterthe  Pune­based  start­up  hadannounced its Series C fund­ing round, wherein it raised$75  million  at  a  post­moneyvaluation  of  $750  million.The  round  was  led  by  exist­ing  investor  QED  Investorsalong with Janchor Partners,Sequoia Capital India, MatrixPartners  and  HummingbirdVentures. 

This  round  came  10months  after  a  Series  Bround  of  $35  million,  whichaccording  to  media  reportshappened  at  a  valuation  of$183  million.  The  start­up’svaluation  jumped  nearly  4Xpost the Series C round. 

‘Not chasing status’Responding to this latest de­velopment, Anurag  Sinha,Co­founder  and  CEO,  FPL

Technologies, told this news­paper,  “We  don’t  chase  theunicorn  status,  we  are  fo­cussed  on  execution.  We  area three­year­old  companyand we want to scale. Most ofour  investors  are  long  terminvestors  like  QED,  Sequoia,Matrix. Some of our investorshave  invested  in  banks  aswell globally.”

Temasek  Holdings  de­clined to comment.

FPL Technologies was foun­ded by Sinha, Rupesh Kumar,and  Vibhav  Hathi  in  2019.Sinha, like his co­founders, isa veteran banker. He had ledcards,  payments  and  unse­cured  lending  at  ICICI  Bankamong other verticals of con­sumer  banking  and  pay­ments until 2016. 

Role of govtFintechs  across  various  seg­ments  and  usecases  saw  re­

cording funding infl�ow in In­dia  in  2021,  most  of  themseeing their valuations jump3­5X in a single round. 

Making sense of this fund­ing  frenzy,  Sinha  explained,“VCs are one of the fi�rst onesto  look  into  the  market.Three things are driving thistrend: the size of the market,the  teams  who  are  buildingthese  solutions,  and  third  isexecution.  Another  keyfactor  that’s  playing  out  isthe  role  of  the  governmentin  India  through  regula­tions,  the  RBI  setting  up  anew department for fi�ntech.”

He  added,  “ The  mindsethas  changed  over  4­5  years.In  the  back  end  we  are  allworking  with  banks  bothPSUs and private across SMEproducts,  savings  accounts,personal  loans  credit  cardsetc. This is giving confi�denceto VCs.”

This comes a month

after the start-up

had raised $75 m

(From left) Vibhav Hathi, Co-founder and CMO; Anurag Sinha, Co-founder

and CEO; and Rupesh Kumar Co-founder and CTO, FPL Technologies

Sequoia-backed OneCard in talks toraise funding at over $1 b valuation

FORUM GANDHI

Mumbai, February 21

After  being  grounded  for  15days,  TruJet  is  set  to  resumeoperations  with  one  aircrafton February 23. 

Last week, BusinessLine hadreported  that  all  aircraft  ofTruJet  were  grounded  sinceFebruary  5  due  to  an  acutecash  crunch.  The  airline  hadlater confi�rmed that its opera­tions  had  been  “hampered”and  that  it  was  in  conversa­tion with investors to raise upto $25 million. 

“And now we are pleased toinform you all that from Feb­

ruary  23  (Wednesday),  Trujetis resuming its operations forthe following routes, Hydera­bad­Vijawada­hyderabad,  Vi­jayawada­Bengaluru­Vijay­awada,  Bengaluru­  Bidar­Bengaluru,  Hyderabad­Rajah­mundry­Hyderabad,  Hydera­bad­Nanded­Hyderabad,Mumbai­Nanded­Mumbai,Mumbai­Kolhapur­Mumbai,and  Mumbai­Jalgaon­Mum­bai,” it said. According to sources, the air­

line will use only one aircraftfor its operations. “Next weekonwards,  we  will  have  an­other  aircraft,  and  the  weekafter  that,  we  may  have  oneother  aircraft.”  However,  theperson  refused  to  disclosewhether  the  airline  had  in­deed  managed  to  get  thefunding or not. 

The  statement  said  thatTruJet was in the fi�nal stage ofdiscussion with a potential in­vestor who is funding $25 mil­lion within the next few days.The  investor  would  bring  hisown  panel  of  management,and  in  the  same  process,  anew chief executive will startwork on March 1, until whichtime  V  Umesh,  who  is  cur­rently  the  MD  of  the  airline,will act as CEO. 

Airline in talks with

a potential investor

to raise $25 million

TruJet to restart operations with one aircraft; no clarity on funding

KV KURMANATH

Hyderabad, February 21

Chipmaker  AMD  recently  ac­quired Xilinx, a niche player inthe semiconductor in­dustry, making it a for­midable  player  in  theglobal  semiconductorindustry.  In  an  inter­view  to  BusinessLine,AMD’s  Chief  Technology  Of­fi�cer and Executive Vice­Presid­ent (Technology and Engineer­ing) Mark Papermaster, spokeon how the acquisition is im­portant  to  the  company.Excerpts.

Why did you choose Xilinx?

How is it going to help the

company?

There  is  a  tremendous  align­ment  with  Xilinx  in  terms  ofour product portfolio as well as

technical  talent.  Post  all  ap­provals and closure of transac­tions,  we  are  bringing  over5,000  engineers  from  Xilinxinto AMD. 

When  we  look  at  the  com­bined opportunities, we see anaddressable  market  of  about$135  billion  in  2023.  The  tech­nologies that Xilinx works on

do  not  overlap  withAMD  but  are  comple­mentary. AMD has cap­abilities  in  CPU  (cent­ral  processing  unit)and  GPU  (graphics

processing  unit),  while  Xilinxworks on FPGA (Field Program­mable Gate Arrays) and Adapt­ive Computing. This is a greatcombination  of  both  techno­logy IPs.

What kind of synergies will

Xilinx bring in? What kind of

product mix will it offer?

If you look where computing isheaded,  it  is  not  just  CPUs  orGPUs  or  FPGAs  alone.  The  fu­ture  will  be  driven  by  a  com­

bination of technologies, whatwe  call  heterogeneous  com­puting. 

Xilinx  is  giving  customersprogrammability,  which  isvery important in applicationssuch as industrial automation,telecommunications,  infra­structure to build 5G networksand  medical  devices.  From

datacentres to the edge to enddevices,  we  now  have  thebroadest portfolio of products.Xilinx brings an AI engine thatis already shipping in the mar­ket,  has  already  been  provenwith customers, and has beenlicensed  by  AMD.  We  havealready begun to include the AIengine  across  the  AMDportfolio.

Will Xilinx retain its brand or

will it be absorbed into AMD?

Xilinx  has  become  AMD.  TheXilinx  business  will  becomethe  Adaptive  and  EmbeddedComputing Group (AECG), ledby  former  Xilinx  CEO  VictorPeng.  We  have  worked  to­gether  deeply  on  the  integra­tion plan over the last year. As aresult  of  which  when  weclosed on February 14, it was avery smooth transition.

How will the acquisition help

AMD’s India operations?

We  will  be  adding  over  1,800engineers  in  India,  most  of

them in Hyderabad. The totalnumber of engineers  in AMDIndia will now be over 5,000.

How will this acquisition

complement AMD’s

datacentre business?

Both AMD and Xilinx, prior tocoming together, had the data­centre  as  key  priority  as  de­mand  is  growing  exponen­tially.  It  is  in  a  hyper­growthstage. We have a strong align­ment  between  the  two  com­panies. AMD is providing CPUand  GPU  to  datacentres,  andXilinx is providing an adaptivesilicon  with  AI  engines  todatacentres.

How long do you think the

integration will take to

complete?

We have been planning this in­tegration for over a year. Overthe  next  year,  there  will  bephased integration across keyengineering, sales, marketing,fi�nance  and  HR  teams  whichwill be complete by next year.

‘Xilinx buy opens up a combined market of $135 b’

O

ZY

The future will be driven

by a combination of

technologies, what we call

heterogeneous computing.

MARK PAPERMASTER,AMD’s Chief Technology Officerand Executive Vice-President

YZ

Chipmaker AMD

to hire over 1,800

engineers in India

FORUM GANDHI

Mumbai, February 21

Offi�ces  of  India  Bulls  FinanceCentre in Mumbai, Delhi, andPune  were  raided  by  the  En­forcement  Directorate  (ED)on Monday.

According  to  two  sources,the raids were conducted fol­lowing  an  FIR  registered  inthe  Palghar  police  station  inApril. The FIR was fi�led undermultiple  sections  includingforgery,  fraud  and  moneylaundering. 

Matter moved to CID“Since  the  promotors  wereMumbai­based,  the  matterwas moved to CID, and there­after  Enforcement  Director­ate  (ED)  too  was  involved,”said the fi�rst person.

A source in ED said that anEnforcement  Case  Informa­tion  Report  (ECIR)  was  fi�ledunder  the  Prevention  ofMoney  Laundering  Act,  2002(PMLA).  The  case  was  fi�ledagainst  Indiabulls  HousingFinance  Centre,  its  promoterSameer Gehlaut, and multipleindividuals and companies.

He  said,  further  to  a  lead,the  ED  decided  to  conductmultiple  raids  in  Mumbai,Delhi  and  Pune  offi�ces  of  In­dia Bulls. However, he refusedto  divulge  further  informa­tion. . 

In  a  statement  to  the  stockexchanges,  Indiabulls  Hous­ing Finance said, “We wish toinform  that  the  EnforcementDirectorate  has  sought  someinformation  regarding  cer­tain  clients  and  the  matteroriginates  from  ECIR  No.  07/HUI/2021  fi�led  by  ED  on  thebasis  of  FIR  lodged  in  villageWada,  Palghar,  Maharashtrain  April,  2021.  The  and  com­pany  and  its  offi�cials  haveprovided the data of clients.” 

“The  ECIR  registered  by  EDstems  out  of  an  FIR  fi�led  byone  Ashutosh  Kamble  who  ispart  of  the  long­running  ex­tortion  and  blackmail  racketagainst the company.”

ED raids IndiaBulls FinanceCentre offices

OUR BUREAU

Bengaluru, February 21

Ex­Twitter  India  head  ManishMaheshwari’s  start­up  InvactMetaversity has raised a $5 mil­lion  seed  round  from  a  clutchof global investors. 

These  investors  includeArkam  Ventures,  Antler  India,Picus Capital (Germany), M Ven­ture Partners (Singapore), BECOCapital  (Dubai)  and  2am  VC(USA). Founded by Maheshwariand  Tanay  Pratap,  InvactMetaversity  is  a  platform  builtat the intersection of educationand Web3. 

The  company  provides  em­ployability­focused  training  tohelp the workforce realign withthe  digital  world  and  securethemselves jobs in high­growthtech companies. The universityis being built  in the metaversein order to foster an immersive,serendipitous  environmentconducive to learning. 

Ex-Twitter Indiahead’s start-upraises $5 million

OUR BUREAU

New Delhi, February 21

Two­wheeler  manufacturerHero  MotoCorp  on  Mondaysaid it has created a new posi­tion,  titled  Chief  Growth  Of­fi�cer,  integrating  the  market­ing,  sales  and  after­salesfunctions,  and  appointedRanjivjit Singh for the same. 

Singh  has  been  headingmarketing  since  2021,  HeroMotoCorp said in a statement.

“We are now entering a newera  of  opportunities  andgrowth,  with  the  world  rap­idly coming out of the coronavirus pandemic. As we gear upto  further  consolidate  ourleadership  by  leveragingthese  emerging  opportunit­ies, we must stay nimble anddynamic  which  requires  syn­ergies  between  the  key  cus­tomer­facing  functions  ofmarketing  and  sales  andafter­sales,” Mike Clarke, ChiefOperating  Offi�cer  and  ChiefHuman  Resources  Offi�cer,Hero MotoCorp, said.

Hero MotoCorp merges marketing,sales functions;appoints head

................BM-BMECMYK

MUMBAI

BusinessLineTUESDAY • FEBRUARY 22 • 2022 3NEWS

OUR BUREAU

Mumbai, February 21

Finance  Minister  NirmalaSitharaman on Monday urgedbanks  to  be  more  customer­friendly in order to support en­trepreneurs. “Banks will have tobe a lot more customer­friendly... not to the extent of taking ad­verse risks. This is an area whichis  so  interesting  and  critical,”she  said  at  the  post­Budgetmeet  with  industry  represent­atives in Mumbai.

While responding to a ques­tion on hassle­free loans for wo­men  entrepreneurs,  Sithara­man noted that Prime MinisterNarendra  Modi  has  said  he  isthe security and the backing forloans  in  schemes  such  asMudra and Svanidhi.

The  minister  also  asked  in­dustry representatives for theirviews on the reasons for the de­cline in women participation in

the  workforce  and  measuresthat can be taken to improve it.

Credit pushRevenue  Secretary  Tarun  Bajajalso urged Dinesh Khara, Chair­man of the State Bank of India,to  take  lead  in  working  out  asystem to push credit into theeconomy.

“The  balance  sheets  of  bothbanks  and  corporate  sectorhave  started  looking  up.  Wewant our growth rate to be highin the coming years so that wecan help the economy,” said Ba­jaj  while  requesting  Khara  totake the leadership on the issue,so  that  there  is  adequate  sup­port  to  entrepreneurs,  MSMEsand large businesses in the nexttwo to three years. 

Khara said the bank is mak­ing loan processing processes,from fi�ling of application to de­cision­making,  digital.  It

should  be  ready  in  about  twomonths, he added.

Digitisation “Normally,  it  is  perceived  thatbanks don’t sanction the loan.In  one  quarter,  the  underutil­isation  of  working  capital  hascome  down  by  900  basispoints,” Khara further noted.

Noting that hassle­free is theway forward, he also expressedconfi�dence that with the accessto credible cash fl�ow, lending toSMEs  will  also  see  a  sharpgrowth, just like retail lending.

Retail loans have registered a6­8  per  cent  CAGR  growth  perannum on the back of crediblebureau scores, he said, addingthat the ecosystem, too, has un­dergone a change with defi�niteimprovement  in  borrower  be­haviour and more responsibleborrowing.

Blockchain technologyMeanwhile,  responding  to  aquestion, Finance Secretary TVSomanathan  said  the  govern­

ment’s  attitude  towards  theblockchain technology is diff�er­ent  from  that  towards  thecrypto assets. 

“There  need  not  be  any  ap­prehension whatsoever regard­ing use of blockchain in an areawhich has nothing to do withpayments  or  currencies,”  hestressed.

Blockchain  is  an  importanttechnology  and  the  govern­ment is in no way discouraging

and strong recovery. “We havehence tried balancing the focuson growth and sustained recov­ery; continuing with the storyof  investing  in  public  infra­structure  building,”  she  said,adding  that  the  Budget  haschosen spending on infrastruc­ture  as  the  more  favourableroute  to  ensure  greater  multi­plier eff�ect, which will also res­ult in asset creation which canlast for several years.

Financial marketsSithraman, who is on a two­dayvisit to Mumbai, also met lead­ers of the capital markets, andasked them to explore ways tofurther  strengthen  the  sector,said an offi�cial statement.

“The  minister  emphasisedthat  trust  and  confi�dence  arecritical  to  gain  tractionamongst  investors,”  it  said,adding  that  she  also  high­lighted the role of market parti­cipants in institution­buildingand  for  making  marketsstronger and investor­friendly.

it,  said  Somanathan.  He  poin­ted out that the Coff�ee Board ofIndia  has  launched  a  block­chain  system  for  identifyingspecifi�c varieties of coff�ee andthe  RBI  digital  currency  itselfwill also be based on a versionof blockchain technology.

Infrastructure pushIn  her  opening  remarks,Sitharaman also said this year’sBudget  focusses on  sustained

Seeks industry views on measures to

up women participation in workforce

Finance Minister Nirmala Sitharaman during the post-Budget

meeting with stakeholders in Mumbai on Monday PTI

Banks need to be more customer-friendly: FM

OUR BUREAU

Kolkata, February 21

Union  Power  Secretary  AlokKumar on Monday said solarand  wind,  the  two  majorsources of clean energy beingpursued  aggressively  in  thecountry,  are  both  intermit­tent  and  there  are  issues  ingrid  management  as  well  asstorage requirements.

Complex supplyAccording  to  Kumar,  India’senergy  transition  would  bemanaged by the demand andsupply  sides  equally.  Thecountry  has  to  aggressivelyimplement time of use, timeof  day  tariff�s  and  give  suit­able  incentives  for  peakinggenerations.  While  the  de­mand  is  expected  to  remain

and  grow,  it  is  the  supplywhich  is  more  complex  anddepends, to a large extent, ontechnological  developments,cost  implications  and  thefeasibility  of  integratinglarge energy in grids.

Both  solar  and  wind  en­ergy might come in at a timewhen  the  energy  require­ment  is  not  there  andthereby,  have  to  be  stored.Moreover,  these  sources  areintermittent  and  are  not“fully predictable”. 

“So  grid  management  isimportant  when  you  use  alarge  amount  of  solar  andwind  power.  There  is  a  limitto which you can back downon coal­based stations, so weare  working  to  make  themmore fl�exible,” Kumar said at

the Future Fuels virtual sum­mit  organised  by  CII  EasternRegion on Monday. 

AlternativesTypically  when  solar  energyis  generated,  coal­based  sta­tions  have  to  back  down.However, they cannot be shutdown  as  they  would  be  re­quired in the evening, and sothey have to run at minimum

technical  load.  So  while  thecountry  focusses  on  increas­ing  the  share  of  solar  andwind, there are two other re­sources  available  which  areclean,  green  and  widespread– hydro and biomass. 

“ The  Ministry  of  Power  istrying  to  pay  attention  tothese sources ... you can storethem  and  use  wheneverneeded, and so there are notmany storage and grid integ­ration issues,” he said.

It  is  important  to  develophydro  projects  in  a  way  thatthey  are  cost  eff�ective,  takecare of rehabilitation and re­settlement  issues,  and  com­plies  with  environmentalregulations.  Biomass  is  alsoemerging  as  a  key  source  inIndia’s  energy  transition,said  Kumar,  while  alsoadding that work is on to de­velop  carbon  capture  andutilisation technology.

Says solar, wind energy intermittent and

have issues in grid management, storage

Alok Kumar, Power Secretary

Power Secy bats for biomass, hydro projects

PRESS TRUST OF INDIA

New Delhi, February 21

Vedanta group fi�rm Cairn Oil& Gas  on  Monday  an­nounced  an  oil  discovery  ina Barmer  district  block  ofRajasthan.

In a stock exchange fi�ling,the company said it has noti­fi�ed the government and theDirectorate  General  of  Hy­drocarbons (DGH) of the dis­covery,  which  has  beennamed ‘Durga’.

An  approval  from  theblock  oversight  panel hasalso  been  sought,  said  thecompany.

The  block  is  one  of  the  41areas  that  the  company  hadwon in the fi�rst round of theopen  acreage  licensingpolicy  (OALP)  bid  round  inOctober  2018.  Cairn  Oil  &Gas, a unit of Mumbai­listedVedanta  Ltd,  holds  100  percent  participating  interestin the block.

This is the third hydrocar­bon  discovery  notifi�ed  bythe  company  under  theOALP portfolio.

ESG roadmapThe 542 square kilometre RJ­ONHP­2017/1 Block is locatedin Gudamalani and ChohtanTehsil of Barmer district, Ra­

jasthan. It lies in the vicinityof  the  prolifi�c  Rajasthanblock which produces about150,000 barrels per day of oiland gas. Separately, the com­pany said it is committed toachieving  net­zero  carbonemissions by 2050.

Vedanta  founder  andchairman Anil Agarwal said,“Guided  by  the  philosophyof  ‘zero  harm,  zero  waste,zero discharge’, we have for­mulated  robust  ESG  (envir­onmental, social and corpor­ate  governance)  targets  forour  operations  which  will

help  India’s  energy  sectorbecome more effi�cient.”

The  ESG  objectives  willbroadly  focus  on  upliftinglives  of  people  in  opera­tional  areas  through  sus­tainable  livelihood  oppor­tunities  to  1  million  people,educating  9  million  stu­dents  by  2030  through  di­gital education programmesalongside  uplifting  20  mil­lion  women  and  childrenthrough  education,  nutri­tion,  healthcare,  and  wel­fare,  a  company  statementsaid.

Cairn discovers new oil block in Rajasthan

The block is one of the 41 areas that Cairn won in the first round of

the open acreage licensing policy bid round in October 2018

OUR BUREAU

Mumbai, February 21

The  relief  in  domestic  bondswill  be  brief,  with  the  bench­mark 10­year yield likely to bewithin  6.55­6.85  per  cent  forthe  rest  of  FY22  and  within6.65­7.50  per  cent  in  FY23,  asper a Kotak Securities report.

“Bond  markets  have  wit­nessed substantial volatility inFebruary  amid  tighteningglobal fi�nancial conditions, el­evated crude oil prices, fears offaster domestic policy normal­isations and heavy bond sup­ply. Even as global conditionsremain  adverse,  domesticfactors  seem  to  have  taken  abreather,” the report said. 

It  also  assessed  that  thefactors  that  are  expected  toweigh  on  market  sentimentsinto FY23 include faster globalpolicy  normalisation  amidpersistently high infl�ation, el­evated  energy  prices  amidsupply  and  geopolitics  risk,heavy  domestic  bond  supply,limited  RBI  support,  and  FPIoutfl�ows risks due to adverseglobal  fi�nancial  conditions,geopolitical risks, and narrow­ing interest rate diff�erentials. 

Kotak Securities noted thatthe  frontloading  and  com­pounding  impact  of  most  ofthe  aforementioned  factorsshould  push  the  10­yearbenchmark  yield  towards  apeak of 7.40­7.50 per cent in H1FY23 before moderating in therange of 7.15­7.35 per cent in H2.

Policy factorFurthermore, the yield curve islikely  to  continue  to  bearsteepen  through  most  of  H1,amid the RBI’s postponementof  explicit  policy  rate  hikesand  supply  pressure  on  thefar­end.

“We believe the RBI will needto  achieve  overnight  moneymarket  rates  closer  to  reporate (stated MPC mandate) fol­lowed  by  a  change  in  stanceand reverse repo rate hike be­fore  changing  the  repo  rate.We retain our call of 50 bps ofthe repo rate hike in FY23 start­ing  in  August  although  thetiming will depend on upsidesurprises to RBI’s H2 FY23 infl�a­tion  estimates,”  the  reportsaid.

Risk factors maypush 10-yr yieldto 7.40-7.50% inH1 FY23: ReportREUTERS

New Delhi, February 21

Fuel demand is likely to grow5.5  per  cent in  the  next  fi�scalyear,  initial  government  es­timates  show,  refl�ecting  apick­up in the industrial activ­ity and mobility after monthsof stagnation.

India’s fuel consumption in2022­23,  a  proxy  for  oil  de­mand, could rise to 214.5 mil­lion  tonnes  from  the  revisedestimates  of  203.3  milliontonnes  for  the  current  fi�scalyear  ending  March  2022,  ac­cording  to  governmentforecasts.

The  estimates  were  re­leased  on  the  website  of  thePetroleum Planning and Ana­lysis Cell (PPAC), a unit of theMinistry  of  Petroleum  andNatural Gas. Local demand forgasoline,  used  mainly  in  pas­

senger vehicles, is expected torise by 7.8 per cent to 33.3 mil­lion tonnes, while gasoil con­sumption was slated grow byabout  4  per  cent to  79.3  mil­

lion tonnes, the data showed.Demand  for  petcoke could

increase  2.8  per  cent to  14.8mt,  while  for  LPG it  is  estim­ated to grow 4.5 per cent.

Revival signs: Fuel consumptionexpected to grow by 5.5% in FY23

PRESS TRUST OF INDIA

Paris, February 21

India and France have inked aroadmap to enhance their bi­lateral exchanges on the blueeconomy  and  forge  a  com­mon  vision  of  ocean  gov­ernance  based  on  the  rule  oflaw and cooperate on sustain­able and resilient coastal andwaterways infrastructure.

The  agreement  was  signedduring External Aff�airs Minis­ter  S  Jaishankar’s  three­dayvisit  to  France  which  beganon Sunday with bilateral talkswith  his  French  counterpartJean­Yves Le Drian.

The roadmap scope will en­compass  maritime  trade,  thenaval industry, fi�sheries, mar­ine  technology  and  scientifi�cresearch,  ocean  observation,marine  biodiversity,  marine

ecosystem­based  manage­ment  and  integrated  coastalmanagement,  marine  eco­tourism,  inland  waterways,cooperation between compet­ent  administrations  on  civilmaritime  issues,  marine  spa­tial planning as well as inter­national law of the sea and re­lated  multilateralnegotiations.

‘Driver of progress’“India  and  France  intend  tomake  the  blue  economy  adriver of progress of their re­spective  societies  while  re­specting  the  environmentand coastal and marine biod­iversity. Both countries aim tocontribute to scientifi�c know­ledge and ocean conservationand ensure that the ocean re­mains  a  global  common,  a

space  of  freedom  and  trade,based on the rule of law,” theMinistry  of  External  Aff�airssaid in a statement on Sunday.

The two sides also called fora sustainable  approach  tofi�shing that would ensure de­cent living conditions to pro­fessionals of the sector, whileconserving  the  resource  in

the medium and long terms.“This  partnership  marks  a

signifi�cant step­forward in In­dia­France  cooperation  formaritime  security,”  the  min­istry said.

It said that India and Franceare  also  committed  to  pro­moting cooperation betweenthe  European  Union  and  In­

dia on the blue economy andocean  governance,  in  theframework  of  the  commonroadmap  “EU­India  StrategicPartnership:  A  Roadmap  to2025” and the EU strategy forcooperation  in  theIndo­Pacifi�c.

Annual dialogueThe two sides plan to organisean  annual  bilateral  dialogueon  the  blue  economy  andocean  governance  to  ex­change views on their priorit­ies,  share  their  best  practicesand  support  ongoing  and  fu­ture cooperation.

India  and  France  will  alsocoordinate  their  positions  tostrengthen  international  lawof  the  sea  and  adapt  to  newchallenges.  They  will  also  en­hance  their  coordination  tosupport  the  initiation  of  ne­gotiations  for  a  global  agree­ment on marine plastic wasteand microplastic.

Significant step-forward in India-France

cooperation for maritime security: MEA

External Affairs Minister S Jaishankar with French Foreign Minister

Jean-Yves Le Drian in Paris PTI

India, France to cooperate on blue economy

PRESS TRUST OF INDIA

New Delhi, February 21

The  Central  government  onMonday  called  upon  globalinvestors  at  the  ongoingDubai  Expo  to  invest  in  thecountry’s  agriculture  supplychain while highlighting theexport  potential  of  organicproducts.

Addressing  a  seminar  onthe opportunities and exportpotential that Indian agricul­ture  off�ers,  PK  Swain,  addi­tional secretary at the UnionAgriculture Ministry, said thefarm sector contributes signi­fi�cantly  to  the  economy.  “In­dia is on its way to becomingthe food basket of the world,”he said, adding that the coun­try  is  off�ering  both  food  andnutritional  security  withgood agricultural practices.

Applauding  the  expansionof the sector, Swain said Indiais  scripting  history  with  theenchanting  growth  traject­ory of organic horticulture. 

Swain  also  urged  “globalinvestors to invest in the agri­culture  supply  chain  andtake advantage of FDI policiesintroduced  by  the  govern­

ment  in  the  sector”,  an  offi�­cial statement said.

Export potentialTalking  about  the  export  po­tential  of  organic  and  horti­culture  produce  in  India,Joint  Secretary  Priya  Ranjansaid  the  government  hasanchored two systems of cer­tifi�cation  for  organicproducts.

The  offi�cial  further  em­phasised  that  appropriatephytosanitary  protocolsneed to be ensured for betteracceptability  of  Indian  or­ganic  and  horticulturalproducts.

“We  envisage  targeting  10per  cent  export  share  in  theglobal  fruits  and  vegetablemarket  by  2030,”  Ranjan  ad­ded.  Despite  the  pandemic,the  country’s  organic  pro­duce exports grew 51 per centto  8,88,180  tonnes  in  2020­21over 2019­20 levels.

Eleven success stories wereshared at the session by vari­ous  start­ups  and  food  pro­cessing businesses, focussingon  key­value  chain  and  ex­port opportunities in India. 

Centre sells agri-supplychain story to investors

DUBAI EXPO

REUTERS

Vienna, February 21

Credit Suisse said it “stronglyrejects” allegations of wrong­doing  after  dozens  of  mediaoutlets  published  results  ofcoordinated,  PanamaPapers­style  investigations  into  aleak of data on thousands ofaccounts held at the bank inpast decades.

Among  the  allegationswere  accusations  that  thebank’s  clients  included  hu­man rights abusers and busi­nessmen  who  had  beenplaced under sanctions.

The  New  York  Times  saidthe leaked data covered morethan 18,000 accounts collect­ively holding more than $100billion.

Shares  in  Switzerland’ssecond­biggest  bank,  whichhad already been under pres­sure  after  a  series  of  risk­management  failures  and  a

heavy 2021 loss, were indicat­ing 1.8 per cent lower  in pre­market activity.

“Credit  Suisse  strongly  re­jects  the  allegations  and  in­sinuations  about  the  bank’spurported  business  prac­tices,”  it  said  in  a  statementissued on Sunday night.

“The matters presented arepredominantly  historical  ...and  the  accounts  of  thesematters are based on partial,inaccurate  or  selective  in­formation  taken  out  of  con­text, resulting intendentiousinterpretations of the bank’sbusiness conduct.”

“Approximately  90  percent of  the  reviewed  ac­counts  are  today  closed  orwere in the process of closureprior  to  receipt  of  the  pressinquiries,  of  which  over  60per  cent were  closed  before2015,” it said.

Says will continue

to analyse the

matter and take

additional steps

if necessary

Credit Suisse denies clientdata leak allegations

OUR BUREAU

New Delhi, February 21

The  Central  Bureau  of  Invest­igation  (CBI)  has  questionedformer  NSE  Group  OperatingOffi�cer,  Anand  Subramanian,in connection with the co­loc­ation  trading  scam  at  the  ex­change. 

His  questioning,  whichwent  on  for  three  days  inChennai,  comes  after  theagency  grilled  ChitraRamkrishna,  former  MD  &CEO of the exchange, last Fri­day  and  Ravi  Narain,  theformer  CEO  of  NSE,  the  dayafter.

Sources said as Subramani­an’s  questioning  progressedin  Chennai,  another  team  ofsleuths reached the SEBI offi�cein Mumbai and collected evid­ences and documents relatedto the alleged scam. 

The backstorySEBI,  in  its  order  on  the  ex­change,  had  said  that

Ramkrishna was steered by a‘yogi’,  dwelling  in  the  Him­alayan ranges, in the appoint­ment  of  Subramanian  as  theexchange’s  group  operatingoffi�cer and advisor to the MD.

CBI had also issued lookoutcirculars against Ramkrishna,Narain  and  Subramanian  toprevent  them  from  leavingthe  country.  The  agencystepped  up  its  investigationsinto  the  co­location  scamafter  it  came  to  light  that  anunknown person claiming tobe  Ramkrishna’s  spiritualguru was guiding her in run­ning  the  day­to­day  aff�airs  ofthe exchange.

CBI questions ex-NSECOO Anand Subramanian

OUR BUREAU

Mumbai, February 21

The  Reserve  Bank  of  India(RBI)  has  decided  to  under­take  a  US  Dollar/  Indian  Ru­pee sell/ buy swap auction of$5  billion  on  March  8,  amidthe  upcoming  reversal  of  abuy/sell auction it had under­taken  for  a  similar  amountthree  years  back  and  expec­ted  volatility  in  the  foreignexchange market once US Fedhikes rates.

Under  a  sell/buy  swap,  abank  buys  US  Dollars  (USDs)from RBI and simultaneouslyagrees  to  sell  the  sameamount of USDs at the end ofthe  swap  period.  Similarly,under a buy/sell swap, a banksells  USDs  to  RBI  and  simul­taneously  agrees  to  buy  thesame  amount  of  USDs  at  theend of the swap period. 

The  central  bank  said  the

swap  auction  is  being  con­ducted  with  a  view  to  elong­ating  the  maturity  profi�le  ofits  forward  book  andsmoothen the receivables re­lating to forward assets.

“This will enable access to awider  set  of  market  parti­cipants.  The  auction  will  bemultiple­price­based  —  suc­cessful  bids  will  be  acceptedat  their  respective  quotedpremiums,”  RBI  said  in  astatement.

Pressure on currencies?Forex  market  experts  say  acombination  of  factors,  in­cluding  possible  faster  paceof  tightening  by  the  US  Fed,geopolitical  tensions  due  toRussia­Ukraine  standoff�  andhigher crude oil prices, couldpressure  emerging  marketeconomy currencies.

The minimum bid size will

be  $10  million  and  in  mul­tiples of $1 million thereafter.The  eligible  participants  canalso  submit  multiple  bids.However,  the  aggregateamount of bids submitted bya single eligible entity shouldnot  exceed  the  notifi�edamount of auction.

The far leg date relating toreversal  of  the  aforemen­tioned  swap,  whereby  rupeefunds  will  have  to  be  re­turned by banks to RBI alongwith  the  swap  premium  toget the dollars back is March28.

Meanwhile,  the  rupeeended  11  paise  stronger  at74.55 to the dollar against theprevious close of 74.66 as for­eign  banks  pressed  dollarsales  in  anticipation  of  in­fl�ows  from  foreign  investorstowards  investment  in  LIC’sforthcoming IPO. 

RBI to undertake $5 b USD/INRsell/buy swap auction next month

................BM-BMECMYK

THINKMUMBAI

4 BusinessLine TUESDAY • FEBRUARY 22 • 2022

At  a  time  when  fl�uctuating  input  priceshave made it diffi�cult for the fertiliser in­dustry to sustain viable operations andsparked  shortages  for  farmers,  the

Centre has come up with a draft  Integrated PlantNutrition  Management  Bill,  2022,  that,  if  passed,will  take the  industry back to the Dark Ages of  li­cences  and  controls.  The  Bill  purportedly  aims  topromote the development and sustainable use ofbalanced fertilisers to sustain India’s food and nu­tritional security without causing adverse harm tothe environment and health of the soil. It also aimsto “simplify the process for the manufacture, pro­duction,  distribution  and  price  management  offertilisers” with stated objective of “improving theease of doing business” while encouraging innova­tion. But a scrutiny of its provisions reveals that theBill will end up doing the exact opposite, and it haslittle to do with the promotion of soil health, envir­onment or even sustainable fertiliser use. Instead,it appears focussed on tightening the already per­vasive government controls over the fertiliser sec­

tor, by setting up an elaborate In­spector Raj to oversee it. 

The Bill empowers the Centrewith sweeping powers to cap themaximum  selling  prices  for  fer­tilisers,  while  allowing  it  to  fi�xdiff�erent  prices  for  diff�erent  re­

gions and customers. The Centre will have powersto  restrict  the  movement  of  fertilisers  from  oneState to another and to dictate the quantities of fer­tiliser a manufacturer may sell in each State. To giveeff�ect to the draconian provisions, a sectoral regu­lator in the form of an Integrated Plant NutritionManagement  Authority  of  India  will  be  set  up.States have been empowered to appoint State Con­trollers of Fertilisers and Fertiliser Inspectors, whocan  conduct  impromptu  inspections  on  industryand  trade  armed  with  overarching  powers  tosearch,  seize  and  confi�scate.  Though  some  of  theprovisions of this Bill are derived from the existingFertiliser  Control  Order,  1985  and  the  FertiliserMovement Control Order, 1973 which it seeks to re­place, its entire tone and tenor run counter to thelong­held policy of reforming India’s fertiliser sec­tor by freeing it from the shackles of governmentcontrol. The industry rightly apprehends that theelaborate  inspector  Raj  will  encourage  rent­seek­ing and hamper ease of doing business. 

While the immediate provocation for this draftlaw appears to lie in the fertiliser shortages experi­enced  recently,  it  can  be  argued  that  these  short­falls were the direct result of short­sighted and ad­hoc government policies. For long, India’s fertiliserindustry has been hamstrung by government con­trols that allow the Centre to fi�x selling prices of fer­tilisers, including ‘decontrolled’ ones, far below ac­tual  production  costs,  leading  to  manufacturersand  importers  calibrating  their  supplies  to  theCentre’s  subsidy  announcements.  Artifi�cially  lowprice caps on urea and higher prices for phosphaticfertilisers have actively encouraged skewed nutri­ent use. The solution to most of the sector’s woes lienot  in  adding  to  this  labyrinth  of  controls but  inthe  Centre  stepping  back  completely  from  inter­ventions  in  the  product  and  pricing  decisions  ofthe  industry  and  directly  compensating  farmersfor nutrient use through cash transfers. 

Sowing controls The draft Integrated Plant Nutrition Bill, a

throwback to the controls era, hurts all parties

0x y z

tuesday, february 22, 2022

LAKSHMI PADMAKUMARI/SANTOSH KUMAR DASH

Cryptocurrencies  havebeen  gaining  mo­mentum  as  the  pre­ferred trading and/or in­

vesting  vehicle  across  the  globeand at home. According to a reporton the CoinDesk website, WazirX —an  Indian  cryptocurrency  ex­change — recorded an annual trad­ing volume of $43 billion in 2021, awhopping  1,735  per  cent  increaseover  2020.  Another  domesticcrypto  exchange,  CoinSwitchKuber, registered a 3,500 per centsurge  in  trading  volume  duringthe same period, according to a re­port published in a business daily. 

The promise of astronomical re­turns  from  cryptos  has  attractedpeople across all spheres. There are15­20 million users of cryptos (as ofJanuary 2022), according to a Twit­ter post by WazirX founder NischalShetty. 

This  is  interesting  as  the  in­creased interest in crypto is despitethe  repeated  warnings  by  the  RBIon the extreme volatility in cryptoprices, chances of money launder­ing,  and  the  fear  that  the  govern­ment  will  even  ban  crypto.  TheUnion Budget was expected to giveclarity on the treatment of cryptos.

Budget  2023 defi�ned  cryptocur­rencies under the broad umbrellaof  virtual  digital  assets,  includingDeFi  (decentralised  fi�nance)  andNFTs (non­fungible tokens). Eff�ect­ive April 1, any gain madeon the transfer of such di­gital assets shall be taxedat a fl�at 30 per cent alongwith  the  applicable  sur­charge,  and  no  deduc­tion shall be allowed bar­ring  the  cost  ofacquisition.  A  further,  1per cent TDS shall be levied againstany  transaction.  Losses  made  onany transaction are not deductibleagainst any other income. Lastly, ifany digital asset is gifted, it shall be

taxed at the recipient’s end at thetime  of  any  subsequent  sale.  Thegovernment  has  thus  made  deal­ing in such digital assets a speculat­ive activity like lotteries and gameof chance. 

While  investors  have  welcomedthe recognition of cryptos as a di­gital  asset  by  the  government,some  experts  opine  that  the  hightax rate might hurt and deter smallinvestors. 

However,  the  taxation  moveshould  not  be  a  cause  of  concernfor investors. With around 20 mil­lion  users  in  India,  a  tremendousinterest in the crypto market (Indiarecorded a 641 per cent spike in in­vestors  during  2020­21,  per  aChainalysis report), and no centralregulatory body, it becomes imper­ative fi�rst to recognise cryptos as atradable  asset.  The  move  to  levyTDS is also welcome as this will en­sure that government will be ableto  track  all  such  transactions,thereby  helping  monitor  anymoney laundering activity.

Further,  this  high  tax  rate  maydeter  small,  casual  and  unin­formed investors from the marketand  save  them  from  incurringhuge  losses.  Though the  marketfeared  that  following  the  Budgetannouncement  crypto  investorswould  start  diverting  their  fundsto equity to enjoy the lower tax be­nefi�t, no mass sell­off� happened.

This could be because the Budgethas relieved investors of regulatory

fears that cryptos wouldbe banned. 

Not deterrent enoughWhile  a  30  per  cent  fl�atrate  of  digital  tax  seemshigh, it may not be a de­terrent  as  far  as  big  in­vestors are concerned. A

look  at  some  of  the  most  tradedcryptocurrencies  —  Bitcoin,  Eth­ereum, Binance Coin, etc., — showsthat investors are attracted by theextraordinary  profi�ts that  can  be

made by trading in them.Data  from  Yahoo  Finance  show

that in the last seven years, Bitcoingrew  at  a  compound  annualgrowth rate (CAGR) of 115 per cent.Between January 2018 and January2022, Ethereum and Binance Coindelivered a CAGR of 30 per cent and151 per cent, respectively. This highreturn  came  despite  two  majorslumps in 2019 and 2021. 

Similarly,  Dogecoin,  whichbegan as a joke on Twitter, saw itsprice soaring after Tesla chief ElonMusk  started  promoting  it.  Itsprice went up from ₹�3.93 in March2021 to ₹�21 in October 2021.

How does one explain such fancyreturns?  Research  shows  that me­dia  coverage,  celebrity  endorsing,FOMO (fear of missing out) factor,price  manipulation  by  “whales”who own 5 per cent of a coin, etc.,promote  crypto  as  a  transformat­ive asset with endless opportunit­ies,  thereby  attracting  investorswho believe that prices will alwaysgo up. 

In a 2020 paper ‘Is Bitcoin ReallyUntethered?’,  published  in  theJournal of Finance,  professors  JohnGriffi�n  and  Amin  Shams  wrote:

“Overall, our fi�ndings provide sub­stantial  support  for  the  view  thatprice manipulation may be behindsubstantial  distortive  eff�ects  incryptocurrencies.” 

In  a  2019  research  paper  ‘Sex,Drugs,  and  Bitcoin:  How  Much  Il­legal  Activity  Is  Financed  throughCryptocurrencies?’,  published  inThe Review of Financial Studies,  au­thors Sean Foley, Jonathan Karlsenand  Talis  Putni’s  estimate  thataround  one­quarter  of  Bitcoinusers are involved in illegal activit­ies  such  as  drugs  and  sex,  and  46per  cent  of  Bitcoin  transactionswas for  illegal activities. Thus,  theavailable empirical research showsthat  non­fundamental  factors  af­fect crypto asset prices.

A survey by the IGM Forum of theUniversity  of  Chicago  found  that54  per  cent  of  US  economists  be­lieve  that  a  substantial  source  ofthe  value  of  decentralised  privatecryptocurrencies arises from theirconvenience for use in illegal activ­ities. 

The 30 per cent tax imposed bythe India is much lower than thatlevied by Japan (up to 55 per cent),Germany,  France,  and  Austria  (up

to 45 per cent), and the US (up to 37per  cent),  per  research  by  TheOddball. Thus, a higher tax rate iswarranted if the objective is to dis­courage  speculative  crypto  trad­ing. 

In the US, corporates and fi�nan­cial  fi�rms  have  started  acceptingcrypto payments, and India mightsoon follow suit. The 30 per cent taxmight  be  a  suffi�cient  deterrent  tofi�rms  for  adopting  cryptos  as  ameans of payment or investment.However,  as  far  as  traders  and  in­vestors  are  concerned,  the  30  percent tax may not deter them fromentering the crypto world. 

A higher  rate  would  do  wellgiven the risk­return profi�le whiletrading  in  cryptos  and  overallopaqueness  concerning  howcrypto prices work. Further, giventhe government’s intention to pro­tect small investors from excessivevolatility and cheating, a higher taxrate is warranted.

Lakshmi is an Assistant Professor of

Finance at IFMR GSB, Krea University,

and Dash is an Assistant Professor at

Gulati Institute of Finance and Taxation

(GIFT), Thiruvananthapuram

A higher rate is needed to protect small investors and deter those using cryptos for speculative and illegal deals

There’s increased interest in cryptos despite the repeated warnings by the RBI GETTY IMAGES/ISTOCKPHOTO

Why 30% tax on cryptos isn’t enough

V SHUNMUGAM/NAVEEN PRATAP SINGH

The securities markets haveleveraged  developmentsin  ICT  (information  andcommunication  techno­

logy) in not just holding and trans­ferring of securities but also in trad­ing and settlement. The pandemichas brought in many new investors,connecting  seamlessly  throughnew­age brokers who have made in­vestments  and  transactions  instocks a breezy and a less costly af­fair. 

An SBI report on retail participa­tion shows that the share of dematvalue of equity securities held by in­dividuals  has  increased  from  31.9per cent in March 2020 to around36.6 per cent in May 2021 for CDSLand  from  13.6  per  cent  to  15.8  percent for NSDL in the same period.

Ease of compliance processes, thespread of digital banking, the con­venience  of  digitised  documentproofs,  and  comfort  of  monetarytransaction through various digitalmodes (as evidenced by the 318 percent growth by volume in UPI trans­actions and a 236 per cent increasein  IMPS  transactions  from  March2020 to November 2021, accordingto NPCI) anchored the growth of re­tail in the securities markets. 

While  the  retail  participation  insecurities markets is a good sign interms of fi�nancialisation of savings,the vulnerability  to  poor  invest­ment  decisions  due  to  the  marketnoise and unsolicited research callsis also high. In terms of investmentperformance,  the  benchmark  in­dices  and  the  large­cap  stocks  ofmost sectors have been better per­formers. However, as for many mid­and small­cap scrips, their perform­ance  has  not  been  the  samebetween their peak during the pan­demic and now. Even if one were toconsider the top 500 stocks by mar­ket  capitalisation,  about  80  werelosers while the majority 420 werewinners during the last 52 weeks. 

Stocks  with  a  declining  marketcapitalisation  have  seen  extensiveinterest from retail investors, mak­ing  them  vulnerable  compared  toinstitutional  players  with  well­re­searched fi�nancial information anddirect connect with entities that in­forms  them  about  growth  plansand corporate governance issues. 

Thanks to the meme stocks andthe vitality of the ‘FAANG’ stocks inthe  US  markets  during  the  pan­demic,  retail  participation  in  de­veloped markets also peaked at 56per  cent  (either  directly  or  indir­ectly) in 2021. The history of capital

markets  with  higher  fi�nancialisa­tion of savings, such as the US andthe EU, reveals that participation inthe equity market happens mainlythrough  institutional  investmentsthan direct participation; unlike inIndia,  which  witnessed  strong  dir­ect participation interests. 

Significant interestIn India, an analysis of holdings byvarious investors reveals a signifi�c­ant  16  per  cent  increase  in  retailstake (value terms) in the top 1,450listed companies till year­end 2021.Even IPOs attracted retail investorsto such an extent that of the six newoff�erings in the fi�rst quarter of 2021,three  were  subscribed  more  thannine times by retail investors. Theyseemed least bothered by the lethalimpact  of  the  second  wave  of  thepandemic. 

Prime Research data show that re­tail holding fell  in 658 companies,and the average stock price of thesecompanies  increased  by  a  muchhigher 44.51 per cent compared tothe other 958 companies where re­tail holdings and their prices havealso increased. What did the retailinvestors gain for their enthusiasmto  invest  in  the  securities  market,moving money away from a low­in­terest  rate  instruments?  Thoughone year is a short period, , Informedstock  picking  would  have  helpedthem avoid investing in stocks luredby vested interests. 

To  sustain  the  current  mo­mentum in the growth of retail par­ticipation, retail investors should beempowered  with  appropriate  ana­lytics, including stock performancemetrics  through  various  modessuch as websites of intermediaries,including  exchanges.  Retail  em­powerment is also critical to sustainthe enthusiasm for direct participa­tion than  through  professionalmanagers. 

While  the  low­interest  rate  re­gime and increasing use of digitalbanking  help  attract  retail  in­vestors, it is to reduce their gullibil­ity that market intermediaries andinfrastructure  institutions  providethem  with  the  capability  of  data­

based decision­making after takinginto account their risk­taking capa­city and investment horizon. 

Though  many  authorised  re­search providers give recommenda­tions, they come at a cost. Trainingin data­based decision­making andcommon mistakes to be avoided inmaking  investments  are  essentialfor retail investors. Market interme­diaries  led  by  exchanges  shouldprovide  retail­investor­friendlywebsites,  enriched  with  easy­to­di­gest data and fi�nancial metrics onstocks  apart  from  e­learning  mod­ules for informed investing. 

Like in India, in the US too retailinterest  in  the  equity  market  hasbeen  high  during  the  pandemic,which  resulted  in  the  Gamestopstock  blow­up  driven  primarily  byinternet forum Reddit. 

While  there  are  prohibitionsaround  such  activities  in  India,  aproactive approach by market inter­mediaries led by exchanges in termsof enriched websites and supportedby unbiased decision­making toolsleveraging  ICT  is  essential  in  pre­venting  a  reversal  of  the  current‘bull  run’  and  making  retail  in­vestors wary of investing in equities.

The writers are with National Institute of

Securities Markets

Sustaining the retail boom in capital markets Retail investors should be empowered with appropriate analytics, enriched websites and unbiased decision-making tools

Information is key ISTOCK

Scan & Share

Scan & Share

T+1 system

It  is  reported  that  the  settle­ment cycle in the Indian equitymarket  is  to  move  to  a  T+1  sys­tem  in  a  phased  manner  start­ing later this week from the cur­rent  T+2.  This  would  enablefaster  payment  for  sales  andfaster  delivery  of  securities  onpurchase.  Is  this  change  reallynecessary,  especially  given  thateven  advanced  country  capitalmarkets have a T+2 or longer set­tlement? 

Could  the  priority  rather  beon strengthening governance atthe stock exchanges and amongmarket participants? 

The  Himalayan  Yogi  episodeat the NSE has exposed the needfor much strengthening, monit­oring  and  improving  gov­ernance and transparency in theworking of institutions. V VijaykumarPune

Redesign tax structure

This is with reference to ‘Some ‘tax­ing’  issues  in  India’s  fi�scal  policy’(February 21). As India reaches thefi�fth year of the Goods and ServicesTax  (GST),  it  has  emerged  that  itsimplementation  has  widened  ex­isting  economic  inequalities  inthe country, as it has put an addi­tional  burden  of  tax  on  the  poor.Under the GST regime, the countryis relying more on the indirect tax,which  is  applicable  to  everyonewho  makes  a  purchase  or  uses  aservice. 

If  policymakers  are  committedto  improving  the  lives  of  theirpoorest  citizens,  they  need  to  ex­plore  ways  to  redesign  taxationand  transfers  so  that  the  poor  donot end up paying more than theirfair  share.  Senior  citizens  shouldalso  be  protected  from  the  indir­ect tax burden. P Sundara PandianVirudhunagar, TN

Broaden the tax base

While  dealing  with  issues  relatedto taxation, rather than looking atthe present tax structure, more ef­fort  should  be  directed  towardsbroadening  and  deepening  of  thetax base in India. In a country likeIndia with a population exceeding130  crore,  only  83  million  peoplepay tax. The proportion of workingclass  who  pay  income  tax  is  stillless.  The  fact  that  only  about  5.9crore  of  population  had  fi�led  ITRsfi�led  till  December  31  proves  thatthere is massive tax evasion. 

Fiscal policy should aim at bring­ing all eligible income earners un­der tax net. Tax evasion also leads toother  social  maladies  like  moneylaundering etc. In India, taxing ag­ricultural income is considered asa politically  sensitive  issue.  Whilesmall  and  marginal  farmers  de­serve  tax  exemption,  rich  farmerswho  earn  say  more  than  ₹�10  lakhannually can be brought under tax

net  since  many  wealthy  peopletake refuge under “agricultural in­come”  to  claim  tax  exemption.Hence  it  is  imperative  that  fi�scalpolicy should aim at arresting taxleakage before talking in terms of‘rationalisation’ of existing the taxstructure. Srinivasan VelamurChennai

Pensioners’ woes

It  is  quite  disheartening  to  notethat EPFO is to appoint an auditorto track fund managers, where in­vestments  are  to  be  scruitinisedon  a  daily  basis.  Even  with  a₹�15,690  billion  corpus,  they  aregiving  a  meagre  amount  (₹�1,000­3,200)  as  monthly  pension  to  the7.1  million  pensioners  —  whoserved  quasi­government  institu­tions  for  three­four  decades  andare  now  fi�nding  it  diffi�cult  tomake both ends meet. Hence, theminimum pension must be raised

to  ₹�15,000  per  month  as  early  aspossible.VG PushkinThiruvananthapuram

SBI circular

This  refers  to  ‘SBI  ‘pregnant’  circu­lar:  Not  in  sync  with  times’  Febru­ary  21).  It  is  unfortunate  that  thiscircular came from an organisationwhich was headed by a woman notlong  ago.  Arundhati  Bhattacharyanot only broke many glass ceilingsbut showed great empathy for wo­men employees to provide them alevel­playing fi�eld. Being the largestlender  in  the  country,  SBI  shouldhave  shown  more  sensitivity  andpragmatism towards such issues. 

Indeed such directives are retro­grade in nature and best avoided atany cost. Women have proven theirmettle  in  almost  all  domains  andthey are proven multitaskers.Bal GovindNoida

LET TERS TO THE EDITOR Send your letters by email to bleditor@thehindu.co.in or by post to ‘Letters to the Editor’, The Hindu Business Line, Kasturi Buildings, 859-860, Anna Salai, Chennai 600002.

POCKET RAVIKANTH

Published by N. Ravi at Kasturi Buildings, 859 & 860, Anna Salai, Chennai-600002 and Printed by N. Vaidyanathan at Dangat Media Pvt Ltd, No. 22, Dighe MIDC, Vishnu Nagar, TTC Industrial Area, Dighe, Navi Mumbai-400701 on behalf of THG PUBLISHING PVT LTD., Chennai-600002. Editor: Raghuvir Srinivasan (Editor responsible for selection of news under the PRB Act). ISSN 0971 - 7528

................BM-BMECMYK

It  is  obvious  that  theCovid­19  pandemic  hashad  a  deep,  searing  im­pact  on  the  Indian  eco­

nomy,  in terms of both totaleconomic  activity  and  liveli­hoods. It is true that the eco­nomy had been struggling forseveral  years  before  then,with  falling  investment  andemployment,  sharply  grow­ing  inequalities  and  worsen­ing conditions of health andnutrition.  But  the  pandemicand the policy response led tosharp  aggravation  of  all  ofthese problems. 

As Figure 1 shows, per cap­ita  income  in  real  terms,whether measured as GDP perperson  or  as  net  national  in­come  per  person  (which  isGDP  after  subtracting  taxesand adding subsidies) fell bynearly  9  per  cent  in  2020­21compared  to  the  previousyear.  Indeed,  per  capita  in­

come  in  2020­21  was  lowerthan  even  four  years  earlier,and just barely above the levelof  fi�ve  years  before,  under­mining the growth of the in­tervening period.

Meanwhile, since we knowthat  India  also  had  some  ofthe most rapid increases in in­come inequality anywhere inthe world, even this decliningincome  was  much  more  un­equally  distributed.  Thismeant signifi�cant worseningof the material conditions ofthe  bulk  of  the  population,with  the  bottom  half  of  thepopulation (around 650 mil­lion  people)  probably  beingthe  worst  aff�ected  on  theplanet in terms of deteriorat­ing economic circumstances.

Bouncing back?In  offi�cial  circles,  much  hasbeen  made  of  the  economicrecovery  since  then.  It  has

been  argued  that  the  pan­demic year, and especially theperiod  of  the  national  lock­down,  was  especially  hard,but  thereafter  the  economyhas  supposedly  “bouncedback”. The government’s Eco-nomic Survey for  2021­22claims  that  the  Indian  eco­nomy has already grown bey­ond pre­pandemic levels and“is well placed to take on thechallenges  of  2022­23”  (page3). So it is worth examining re­cent  trends  in  output,  as  de­scribed  in  the  offi�cial  Na­tional  Accounts  Statisticsquarterly estimates.

One important caveat: Theadvance  estimates  are  verymuch  “guesstimates”  andtend to be revised over time,with  fi�rst  and  second  revi­sions often showing quite sig­nifi�cant  variation  from  theadvance  estimates.  Quite  of­ten in the recent past, the revi­sion has been downward: forexample,  the  annual  declinein GDP in April­June 2020 wasestimated to be 23.9 per centin the advance estimates, buthas  now  been  revised  down­wards to 24.4 per cent. So themost recent data provided bythe  CSO,  and  its  advance  es­timates  for  2021­22  that  havebeen used in Budget­2022­23,need to be treated with appro­

priate caution. Note that thisis  quite  apart  from  all  theother concerns with the CSO’snew  method  of  estimatingGDP  that  have  been  widelycommented upon.

Figure 2 suggests that whilethere was indeed a recovery ofboth  GDP  at  market  pricesand Gross Value Added at ba­sic prices from the trough ofApril­June  2020  to  January­March 2021, this was followedby  subsequent  decline.  InJuly­September 2021, GDP wasstill 7 per cent below the levelof  January­March  2020,  thelast  pre­pandemic  quarter.Some of the decline in April­June 2021 can be attributed tothe  impact  of  the  disastroussecond wave of the pandemicthat proved to be more lethalin  India  than  the  fi�rst  wave.But  there  are  other,  deeperproblems  with  the  so­calledrecovery  that  cannot  be  ig­nored. This becomes more ap­parent when a sectoral break­down  of  the  GDP  trends  isexamined.  Figure  3  providesdata  on  quarterly  output  ofthe so­called “material produ­cing  sectors”:  agriculture,  in­dustry and services. In Figure4, data on the services sectorare shown. The two taken to­gether  are  both  instructiveand alarming.

Agriculture  was  the  sectorthat provided the only ray ofhope for the Indian economyin 2020­21, as a good monsoonenabled  agricultural  outputto  rise  dramatically  even  asother sectors were in decline.But  thereafter,  the  value  ad­ded  in  agriculture  has  beendeclining  continuously.  InJuly­December  2021,  agricul­tural value added was 34 percent  lower  than  the  peak  ofOctober­December  2020,  23per cent  lower than January­March  2020,  and  even  lower(by 9 per cent) than the levelin April­June 2019.

Similarly,  manufacturingwas supposed to have swungback into higher activity. Butdespite a temporary jump inJanuary­March  2021,  by  July­September  2021  the  sector’svalue  added  was  still  lowerthan  in  the  pre­pandemicquarter  January­March  2020.Even  construction,  whichshowed  a  big  jump  in  Janu­ary­March 2021, fell thereafter,so  that  by  July­September  itwas 13 per cent lower than thelevel  reached  just  before  thepandemic.

Uneven services recoveryThe  services  sector  on  thewhole  appears  to  have  per­formed  slightly  better,  but

mestic  demand  because  offalling  employment,  wagesand  incomes  of  self­em­ployed,  as  the  informal  eco­nomy  and  small  and  microenterprises  continue  to  bearthe brunt of the economic dif­fi�culties. 

The  growing  inequalitiescan  create  more  consump­tion  by  the  super­rich,  butthat will not be enough to digthe  economy  out  of  its  cur­rent  hole.  A  government  indenial of this obvious fact canonly make things worse.

still remained 7.5 per cent be­low  the  pre­pandemic  level,suggesting a real curtailmentof  domestic  eff�ective  de­mand. In such a context, it isnot  surprising  that  invest­ment  also  has  not  really  re­covered.  In  the  most  recentquarter, investment was still 5per  cent  below  the  pre­pan­demic level.

These  trends  do  not  sug­gest a robust economic recov­ery.  The  basic  macroeco­nomic  problem  remains  thesame:  a  contraction  of  do­

here  too  the  “recovery”  hasbeen  extremely  uneven  atbest.  The  only  consistent  in­creases  after  the  lockdownslump have been in public ad­ministration,  defence  andother  services  —  largely  asState  governments  steppedup  their  spending  to  deal  atleast  partially  with  themassive  humanitarian  crisisthat was unfolding. But trade,transport  communicationand  other  services  that  areclosely  related  to  materialeconomic activity did not re­cover in the same way: in July­September 2021 the value ad­ded was 21 per cent lower thanin the pre­pandemic quarter. 

However, most recently fi�n­ance,  real  estate  and  profes­sional services have shown arecovery, which may not be acause  for  celebration  if  it  in­dicates  a  speculative  bubbleunmoored  to  the  realeconomy.

The performance of partic­ular sectors is the counterpartof trends in consumption andinvestment.  In  this  regard,the data in Figure 5 are telling.Private  consumption,  whichwas  already  sluggish  beforethe  pandemic,  collapsed  inApril­June  2020  and  thenshowed very uncertain recov­ery. In July­September 2021, it

The government’s hollow claims of economic recovery A granular look of the quarterly national accounts data shows weak recovery, and consumption and investment still below pre-pandemic levels

CP CHANDRASHEKHAR JAYATI GHOSH

MACROSCAN

THINKMUMBAI

BusinessLineTUESDAY • FEBRUARY 22 • 2022 5

ACROSS

01. Fence of stakes (8) 04. Cease (4) 08. Part of circle circumference (3) 09. Young horses (5) 10. Limo (3) 11. Ease, quiet enjoyment (7) 12. Utter fool (5) 13. Part of radio receiver (4,7) 17. Scene of fi�ghting (5) 18. Short, stiff� hair (7) 20. Cha(r) (3) 21. German industrial centre (5) 22. Prohibit (3) 23. Anger one (4) 24. Laughs half­suppressedly (8) 

DOWN

01. Dance on the hind legs (6) 02. Doctor's stand­in (5) 03. Handed out cards(5) 05. Concerning touch (7) 06. Unadulterated state (6) 07. Lofty aim, hope (10) 09. Storm­water sluices (10) 14. Protective clothing (7) 15. One suff�ering for a cause (6) 16. Real or lawn game (6) 18. Washbowl (5) 19. Each half of folding board (5)

ACROSS

01. Friend has other ideas whenconstructing fence (8) 

04. Lots of money is returned, butone must call a halt (4) 

08. Part of a circle included inmarching order (3) 

09. Young creatures mare produces(5) 

10. Saloon in America raided (3) 11. Almost arrive at stronghold to off�er

solace (7) 12. Fool gets board to prompt TV

speaker (5) 13. He may talk without a mike but

this will amplify the sound (4,7) 17. Where people fi�ght it takes an age

to get it back (5) 18. Have a bit of a brush and show

one's indignation (7) 20. Cuppa tempts eternally arid

beginners (3) 21. German industry seen to be

disposed around the South here(5) 

22. Pinch something back by way ofembargo (3) 

23. Make one cross gun that hasn't gota middle (4) 

24. Guess grin is non­u and upsettingif one laughs like this (8)

DOWN

01. Caper around the Northand get up on one's hindlegs (6) 

02. Place man when doctor'saway (5) 

03. Handed out cards andcoped with the situation (5) 

05. In a hat, play one's partwith this sort of feeling (7) 

06. Shame about your halfunadulterated quality (6) 

07. Lofty aim Pa is achievingwith food allowance (10) 

09. Sluices overfl�ow at adiff�erent stage (10) 

14. Protective clothing on topof everything else (7) 

15. Spoil converted try and hewill die for the cause (6) 

16. Couples courted may seelove means nothing in it(6) 

18. Depression due tograduate wrongdoing (5) 

19. Put down motion with aset of fi�gures (5)

easy not so easy

ACROSS 1. Sergeants 5. Tip 7. Mess 8. .Starling 10. Visitors 11. Skin 13. Resort 15. Appear 18. Bank 19. Precious 22. Roadways23. Mill 24. Ass 25. Run to seed DOWN 1. Samovar 2. Roses 3. Nature 4. Spry 5. Trickle 6. Pagan 9. Stork 12. Space 14. Sandals 16. Rustled 17. Crayon 18. Burma 20. Olive 21. Ewer

bl two-way crossword 2069

SOLUTION: BL Two-way Crossword 2068

February 22, 2002

State guarantees not final word: RBITime was when the State was considered the fi�nal word inguarantees. The RBI however on Thursday issued a circular oninfrastructure funding to chiefs of all banks and fi�nancialinstitutions (FIs) stating that Government guarantees do notnecessarily mean that the credit is good. It has advised banksand FIs to spare no eff�orts in appraisal while fi�nancinginfrastructure projects undertaken by Government­ownedentities. It has also asked the fi�nanciers to keep a watch on theend use of advances. Banks and FIs should “ensure that loansand investments are not used for fi�nancing the budget of theState Governments.”

Cabinet to clear major labour reforms todayJust a day after the completion of the last phase of elections tothe Uttar Pradesh Assembly, the BJP­led Government at theCentre is set to implement yet another round of big­ticketeconomic reforms ­ this time in the politically­sensitive arenaof labour and industrial relations. The Cabinet is scheduled tomeet on Friday to approve the amendments to the IndustrialDisputes Act, 1947 proposed by the Finance Minister, MrYashwant Sinha, in the 2001­02 Union Budget.

ADR issue to follow domestic offer for Nalco divestmentThe Union Government is fi�rming up its plan fordisinvestment in National Aluminium Company Ltd (Nalco)through a proposed 30 per cent public off�er of its equity. Thestrategy is to go in for a domestic off�ering fi�rst, which will bein the range of 5­10 per cent of the Government's equity. Thiswill be followed by an American depository receipts (ADR)issue of about 20­25 per cent of the Government's equity inNalco, Government sources said. The domestic off�ering willtake about two months while the ADR off�ering will take aminimum of six months.

TWENTY YEARS AGO TODAY

BusinessLine

AMITI SEN

Why is the India-UAE trade deal

significant?

The India­UAE CEPA is the fi�rst com­prehensive  trade  agreementsigned  by  the  Modi  governmentsince it came to power in 2014. Withfree trade agreements and regionaltrading  blocs  mushroomingworldwide, India has been feelingthe need to get into such arrange­ments with suitable trade partners.

Although the UAE’s average tar­iff�s  on  goods  are  low,  the  highestslab being 5 per cent, the fact thatthese  tariff�s  will  be  immediatelyeliminated on 90 per cent of tradedgoods is  encouraging.  This  woulderode the tariff� advantage enjoyedby  smaller  economies  such  asBangladesh and Vietnam in itemslike garments, foot wear and gems& jewellery, benfi�ting India.

The pact will also provide wideraccess to the much larger Arab andAfrican  markets  for  Indian  busi­nesses. 

What are the salient features?

The India­UAE CEPA covers commit­ments  in  trade  in  goods,  trade  inservices, technical barriers to trade,dispute  settlement,  telecom,  cus­

toms procedures and pharmaceut­icals. Chapters on digital trade, gov­ernment  procurement  and  IPRhave  been  included  for  the  fi�rsttime. But these would be followedmostly only on a  ‘best endeavour’basis  where  disputes  cannot  befi�led. 

Also, a separate annexe on phar­maceuticals has been incorporatedto facilitate access toIndian pharmaceut­ical products for thefi�rst time. The agree­ment has stringent rules of originand  value  addition  norms  to  pre­vent  third­country  imports  formaking their way into India fromthe UAE.To  protect  sensitive  sectors,  Indiahas placed 10 per cent of tariff� linesin the negative list that would notbe subject to tariff� cuts. The itemsinclude dairy, fruits, vegetables, cer­eals, tea, coff�ee, sugar, food prepara­tion,  tobacco,  petroleum  waxes,auto  and  auto  components,  coke,dyes,  soaps,  natural  rubber,  tyres,footwear, processed marbles, toys,plastics, and medical devices.

What is the extent of tariff

reduction in goods?

Import  duties  will  be  brought

down  to  zero  per  cent  on  90  percent  of  India’s  exports  to  the  UAE(over  80  per  cent  of  total  tariff�lines) immediately on implement­ation of the pact and 97 per cent oftariff� lines over the next fi�ve years.India  will  bring  down  import  du­ties on about 65 per cent of tariff�lines  immediately  and  on  90  percent of tariff� lines in 10 years. India

has  also  agreed  togive  the  UAE  a  tar­iff�­rate  quota  of200  tonnes  on

gold, where import duty will be onepercentage point less than the tar­iff� charged for the rest of the world.

Which are the sectors that are

going to benefit from this deal?

Indian exporters are likely to makesubstantial gains in labour­intens­ive  sectors  such  as  gems  and  jew­ellery,  textiles,  leather,  footwear,sports goods, plastics, furniture, ag­ricultural and wood products, en­gineering products, pharmaceutic­als  &  medical  devices  andautomobiles. The CEPA is  likely toincrease the competitiveness of In­dian products worth an estimated$26  billion  that  are  currently  sub­jected to 5 per cent import duty bythe UAE. The services sector could

also see substantial gains.

What is the current level of

India-UAE trade?

The  India­UAE  bilateral  trade  de­clined to $44 billion in 2020­21 dueto the pandemic compared to thepre­pandemic  levels  of  about  $60billion.  In  2021­22,  however,  thereseems  to  be  a  recovery  with  two­way  trade  in  April­December  at$52.76  billion.  Exports  from  Indiawere at $20 billion, while importsfrom the UAE were $32.7 billion. In­dia’s  signifi�cant  import  from  theUAE  was  petroleum  and  relatedproducts,  precious  metals,  stones,gems  &  jewellery  and  chemicalproducts while it exported mineralfuels  and  oils,  pearls,  preciousstones, metals, and coins, electric &electronic equipment and apparel.

How is it expected to grow post

the trade agreement?

Both  countries  hope  to  nearlydouble bilateral trade in goods to$100  billion  over  fi�ve  years  andachieve services trade worth $15 bil­lion. The increased trade is likely tocreate 10 lakh jobs in India in sec­tors such as textiles, pharmaceutic­als,  gems  &  jewellery,  plasticproducts, auto and leather.

India-UAE Comprehensive Economic Partnership Agreement

Almost  everybody  needs  orwants  to  work  in  their  50s

and most need to work into their60s.  But  the  pandemic  hasn'tbeen kind to older workers.

The  “Great  Resignation”  —  aterm  that  describes  those  whohave  been  emboldened  to  seekraises or discover better things todo than work — mostly applies toyoung and mobile workers. Onlyemployees  ages  16  to  24  haveseen big wage gains, while olderworkers'  wages  have  been  stag­nant.  In  addition,  a  sizeablechunk of older workers, about 15per cent, lost their jobs in 2020compared  to  14  per  cent  ofprime­age  workers.  That  iscounter  to  the  trend  of  olderworker  job  loss  usually  beinglower  compared  to  other  agegroups during a recession.

A greater­than­expected shareof older workers in their mid­60sand over (presumably with pad­ded  retirement  accounts  andCovid­19 fears) did in fact chooseto retire. But younger older work­ers, or those ages 55 to 64, seemto have been forced out of work —often without substantial retire­ment assets.

The  median  retirement  ac­count balance for older workersis  $15,000,  which  means  it  islikely many of those workers arelooking to jump right back intothe labour pool. During a bipar­tisan  congressional  economichearing  recently,  Senator  AmyKlobuchar asked what everyoneis thinking, the gist of which is: Ifemployers  need  workers  andthere are millions of older work­ers who were forced out of work,how  can  older  workers  securethose open jobs?

While  it  sounds  prettystraightforward,  factors  such  asemployer bias and mismatchedskills are diffi�cult hurdles to over­come. But there are a few thingsthat  older  workers,  employer­s and even Oprah can do to im­prove their prospects.

First, older workers on the jobhunt  should  take  advantage  ofavailable services geared to themspecifi�cally.  AARP  sponsors  on­line and in­person workshops forjob seekers 50 and over. Anotherresource  is  Encore  Network,which  connects  professionalworkers  in  that  demographic.BLOOMBERG

How to get hiredif you're an older worker

SHORT TAKE

................BM­BMECMYK

MUMBAI

6 BusinessLine TUESDAY • FEBRUARY 22 • 2022MARKET RADAR

For BSE/NSE live quotes, scan 

the QR code or click the link 

https://bit.ly/2FpossK

Ion Exchange: NSE listing today Chennai, February 21

Ion Exchange India has received approval from

the National Stock Exchange of India to list

shares on the main board. Accordingly, the

equity shares of the company will be traded on

the NSE from Tuesday, the company said in a

notice to the BSE. Following the

announcement, shares of Ion Exchange jumped

6.75 per cent to ₹�1,994 on the BSE. However,

the stock surrendered part of its gains to close

at ₹�1,937.95, up 3.78 per cent or ₹�70.05, over

the previous day's close.  OUR BUREAU

Fortis: Vishal Bali ‘settles’ with SEBINew Delhi, February 21

Vishal Bali, a former official at Fortis Hospitals,

on Monday settled with markets regulator

SEBI, a case pertaining to allegedly aiding in the

diversion of public shareholders’ funds for the

benefi�t of the promoters of Fortis Healthcare

and Fortis Hospitals. Bali has settled the case

after paying ₹�65.02 lakh towards settlement

charges. He was one of the members of the

Executive Committee/Treasury Committee of

Fortis Hospitals, according to a SEBI order. In its

settlement order, SEBI has disposed of the

adjudication proceedings initiated against the

applicant – Vishal Bali – vide the Show Cause

Notice sent on April 9, 2021.  PTI

Federal Bank up as arm fi�les for IPO New Delhi, February 21

Shares of Federal Bank on Monday gained over

two per cent after its subsidiary Fedbank

Financial Services Ltd (FedFina) fi�led

preliminary papers with markets regulator SEBI

to raise funds through an initial public offering

(IPO). On the BSE, the shares closed with a gain

of 1.89 per cent, at ₹�99.75 apiece. It was trading

at ₹�101.8 during the day. On the NSE, the stock

closed at ₹�99.9, a 2.04 per cent higher.

FedFina’s public issue consists of a fresh issue

aggregating up to ₹�900 crore and an OFS of up

to 4.57 crore shares by promoter and investor,

according to the DRHP.  PTI 

QUICKLY

THE  TOP  100Company Prev Close Open High Low Qty 52 W High 52 W Low PE BSE Close

AbbottIndia . . . . . . . . . . . . . . . . . . . .. . . . 16379.15. . . . 16292.30. . . . 16379.15. . . . 16763.00. . . . 16180.00. . . . . . . 29.53. . . . 23902.30. . . . 14250.00. . . . . 47 . . . . 16297.25 

ACC . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 2181.15. . . . . 2184.90. . . . . 2178.70. . . . . 2205.25. . . . . 2151.00. . . . . . 291.11. . . . . 2587.95. . . . . 1686.75. . . . . 22 . . . . . 2183.70 

Adani Ent [1] . . . . . . . . . . . . . . . . . . .. . . . . 1736.30. . . . . 1685.20. . . . . 1738.80. . . . . 1738.80. . . . . 1671.30. . . . . 1449.29. . . . . 1908.55. . . . . . 769.10. . . . 260 . . . . . 1684.35 

Adani Ports  [2] . . . . . . . . . . . . . . . .. . . . . . 727.50. . . . . . 711.10. . . . . . 722.70. . . . . . 726.75. . . . . . 709.55. . . . . 2805.79. . . . . . 901.00. . . . . . 638.00. . . . 107 . . . . . . 711.10 

AlkemLabs [2] . . . . . . . . . . . . . . . . . .. . . . . 3325.35. . . . . 3320.70. . . . . 3325.35. . . . . 3348.50. . . . . 3273.15. . . . . . . 62.43. . . . . 4067.70. . . . . 2544.25. . . . . 22 . . . . . 3320.20 

AmbujaCement [2]. . . . . . . . . . . . . .. . . . . . 338.35. . . . . . 338.55. . . . . . 334.20. . . . . . 341.30. . . . . . 331.25. . . . . 5812.60. . . . . . 442.95. . . . . . 261.10. . . . . 32 . . . . . . 339.00 

Apollo Hsp [5]. . . . . . . . . . . . . . . . . .. . . . . 4471.55. . . . . 4426.65. . . . . 4471.00. . . . . 4524.95. . . . . 4390.65. . . . . . 392.25. . . . . 5930.70. . . . . 2789.00. . . . 100 . . . . . 4427.45 

Asian Paints [1] . . . . . . . . . . . . . . . .. . . . . 3258.45. . . . . 3251.65. . . . . 3235.00. . . . . 3278.45. . . . . 3204.15. . . . . . 547.47. . . . . 3588.05. . . . . 2261.45. . . . 102 . . . . . 3248.60 

AurobindoPh [1] . . . . . . . . . . . . . . . .. . . . . . 657.00. . . . . . 639.05. . . . . . 655.00. . . . . . 657.60. . . . . . 637.45. . . . . 1978.94. . . . . 1063.75. . . . . . 590.25. . . . . 25 . . . . . . 639.80 

AvenuSupmart . . . . . . . . . . . . . . . . .. . . . . 4073.10. . . . . 4096.60. . . . . 4048.00. . . . . 4170.00. . . . . 3990.00. . . . . . 480.54. . . . . 5899.90. . . . . 2677.00. . . . 168 . . . . . 4092.50 

Axis Bank [2]. . . . . . . . . . . . . . . . . . .. . . . . . 787.40. . . . . . 788.85. . . . . . 783.55. . . . . . 796.80. . . . . . 776.10. . . . . 5635.22. . . . . . 866.60. . . . . . 626.40. . . . . 21 . . . . . . 788.70 

Bajaj Auto . . . . . . . . . . . . . . . . . . . . .. . . . . 3632.15. . . . . 3579.50. . . . . 3624.15. . . . . 3637.95. . . . . 3567.35. . . . . . 344.33. . . . . 4347.95. . . . . 3028.35. . . . . 21 . . . . . 3578.65 

Bajaj Hld. . . . . . . . . . . . . . . . . . . . . . .. . . . . 5363.30. . . . . 5352.90. . . . . 5265.00. . . . . 5377.00. . . . . 5211.20. . . . . . . 21.21. . . . . 5654.00. . . . . 3145.00. . . . . 37 . . . . . 5347.70 

BajajFin [2]. . . . . . . . . . . . . . . . . . . . .. . . . . 7030.10. . . . . 7006.35. . . . . 7000.00. . . . . 7080.90. . . . . 6911.00. . . . . . 816.66. . . . . 8043.50. . . . . 4361.60. . . . . 81 . . . . . 7006.10 

BajajFinserv [5]. . . . . . . . . . . . . . . . .. . . . 16096.55. . . . 16012.25. . . . 16038.00. . . . 16238.15. . . . 15780.00. . . . . . 227.59. . . . 19319.95. . . . . 8962.20. . . . 442 . . . . 16004.05 

BandhanBank . . . . . . . . . . . . . . . . . .. . . . . . 319.35. . . . . . 314.00. . . . . . 319.00. . . . . . 321.30. . . . . . 312.30. . . . . 4287.79. . . . . . 371.15. . . . . . 229.65. . . . . ­ . . . . . . 314.20 

BergrPaintIn [1] . . . . . . . . . . . . . . . .. . . . . . 737.80. . . . . . 726.65. . . . . . 736.45. . . . . . 738.95. . . . . . 725.05. . . . . . 373.94. . . . . . 872.00. . . . . . 675.00. . . . . 95 . . . . . . 727.15 

Bharti Air [5] . . . . . . . . . . . . . . . . . . .. . . . . . 712.55. . . . . . 709.95. . . . . . 708.05. . . . . . 716.55. . . . . . 703.00. . . . . 4307.43. . . . . . 781.90. . . . . . 490.15. . . . . ­ . . . . . . 709.80 

Biocon [5]. . . . . . . . . . . . . . . . . . . . . .. . . . . . 392.70. . . . . . 387.50. . . . . . 390.40. . . . . . 392.20. . . . . . 385.00. . . . . 1125.93. . . . . . 424.10. . . . . . 314.90. . . . . ­ . . . . . . 387.40 

Bosch . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 15856.00. . . . 15787.00. . . . 15850.00. . . . 15882.20. . . . 15580.15. . . . . . . 16.25. . . . 19244.50. . . . 13230.00. . . . . 34 . . . . 15801.30 

BPCL . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 373.15. . . . . . 368.75. . . . . . 373.00. . . . . . 373.00. . . . . . 365.05. . . . . 3103.77. . . . . . 503.00. . . . . . 356.80. . . . . . 6 . . . . . . 368.95 

Britannia [1] . . . . . . . . . . . . . . . . . . .. . . . . 3481.65. . . . . 3475.25. . . . . 3431.10. . . . . 3500.00. . . . . 3430.00. . . . . . 138.29. . . . . 4152.05. . . . . 3317.90. . . . . 54 . . . . . 3471.30 

Cadila HC [1] . . . . . . . . . . . . . . . . . .. . . . . . 376.55. . . . . . 371.15. . . . . . 375.00. . . . . . 377.00. . . . . . 369.25. . . . . 1582.48. . . . . . 673.70. . . . . . 369.45. . . . . 34 . . . . . . 371.10 

Cipla [2] . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 909.10. . . . . . 907.25. . . . . . 903.10. . . . . . 913.70. . . . . . 896.00. . . . . 1860.04. . . . . 1005.00. . . . . . 738.25. . . . . 27 . . . . . . 905.95 

Coal  India . . . . . . . . . . . . . . . . . . . . .. . . . . . 167.30. . . . . . 161.20. . . . . . 163.15. . . . . . 163.50. . . . . . 159.85. . . . 14870.90. . . . . . 203.85. . . . . . 123.45. . . . . 10 . . . . . . 161.20 

Colgate [1]. . . . . . . . . . . . . . . . . . . . .. . . . . 1410.45. . . . . 1410.90. . . . . 1410.45. . . . . 1417.65. . . . . 1393.55. . . . . . 307.11. . . . . 1823.00. . . . . 1375.55. . . . . 36 . . . . . 1410.85 

Dabur [1] . . . . . . . . . . . . . . . . . . . . . .. . . . . . 547.80. . . . . . 553.60. . . . . . 545.45. . . . . . 554.90. . . . . . 541.70. . . . . 1157.10. . . . . . 658.75. . . . . . 483.00. . . . . 68 . . . . . . 553.45 

Divi'sLabs [2]. . . . . . . . . . . . . . . . . . .. . . . . 4353.40. . . . . 4258.30. . . . . 4345.00. . . . . 4345.00. . . . . 4250.50. . . . . . 284.98. . . . . 5425.00. . . . . 3154.50. . . . . 44 . . . . . 4262.60 

DLF Ltd [2]. . . . . . . . . . . . . . . . . . . . .. . . . . . 359.65. . . . . . 346.50. . . . . . 356.00. . . . . . 357.80. . . . . . 344.40. . . . . 7926.20. . . . . . 449.80. . . . . . 231.95. . . . . 54 . . . . . . 347.05 

Dr Reddy [5] . . . . . . . . . . . . . . . . . . .. . . . . 4321.15. . . . . 4298.25. . . . . 4376.00. . . . . 4416.65. . . . . 4282.60. . . . . . 587.95. . . . . 5613.65. . . . . 4135.90. . . . . 47 . . . . . 4297.40 

Eicher Motor [1]. . . . . . . . . . . . . . . .. . . . . 2699.25. . . . . 2699.00. . . . . 2688.00. . . . . 2718.85. . . . . 2668.50. . . . . . 273.28. . . . . 2995.35. . . . . 2303.75. . . . . 49 . . . . . 2697.90 

Gail(India) . . . . . . . . . . . . . . . . . . . . .. . . . . . 140.85. . . . . . 136.30. . . . . . 140.40. . . . . . 140.55. . . . . . 135.70. . . . . 5228.05. . . . . . 171.35. . . . . . 125.20. . . . . . 6 . . . . . . 136.45 

GlandPharma . . . . . . . . . . . . . . . . . .. . . . . 3217.50. . . . . 3252.90. . . . . 3211.00. . . . . 3279.35. . . . . 3120.00. . . . . . 246.96. . . . . 4350.00. . . . . 2308.55. . . . . ­ . . . . . . . . . . . ­ 

Godrej Cons [1] . . . . . . . . . . . . . . . .. . . . . . 825.40. . . . . . 809.00. . . . . . 823.00. . . . . . 825.40. . . . . . 801.80. . . . . . 548.55. . . . . 1138.50. . . . . . 644.00. . . . . 64 . . . . . . 806.95 

Grasim [2] . . . . . . . . . . . . . . . . . . . . .. . . . . 1722.75. . . . . 1692.45. . . . . 1704.00. . . . . 1736.75. . . . . 1687.35. . . . . 1031.65. . . . . 1939.00. . . . . 1192.25. . . . . 45 . . . . . 1691.35 

HavellsIndia [1]. . . . . . . . . . . . . . . . .. . . . . 1201.30. . . . . 1201.15. . . . . 1198.00. . . . . 1205.85. . . . . 1179.55. . . . . . 578.42. . . . . 1503.70. . . . . . 958.35. . . . . 66 . . . . . 1201.10 

HCL Tech [2] . . . . . . . . . . . . . . . . . . .. . . . . 1165.00. . . . . 1164.75. . . . . 1153.10. . . . . 1169.50. . . . . 1150.20. . . . . 1706.06. . . . . 1377.00. . . . . . 890.00. . . . . 38 . . . . . 1165.00 

HDFC [2]. . . . . . . . . . . . . . . . . . . . . . .. . . . . 2441.15. . . . . 2436.80. . . . . 2424.95. . . . . 2447.65. . . . . 2410.00. . . . . 2979.74. . . . . 3021.10. . . . . 2286.45. . . . . 33 . . . . . 2438.95 

HDFC AMC [5] . . . . . . . . . . . . . . . . .. . . . . 2199.25. . . . . 2171.15. . . . . 2190.00. . . . . 2195.00. . . . . 2161.20. . . . . . 175.76. . . . . 3363.00. . . . . 2119.45. . . . . 34 . . . . . 2172.00 

HDFC Bank [1] . . . . . . . . . . . . . . . . .. . . . . 1512.35. . . . . 1522.10. . . . . 1504.00. . . . . 1530.70. . . . . 1495.55. . . . . 3734.03. . . . . 1724.30. . . . . 1353.10. . . . . 24 . . . . . 1521.75 

HDFCLifeIns. . . . . . . . . . . . . . . . . . . .. . . . . . 590.95. . . . . . 582.00. . . . . . 583.55. . . . . . 589.40. . . . . . 576.55. . . . . 2415.41. . . . . . 775.65. . . . . . 551.70. . . . 105 . . . . . . 582.30 

HeroMoto [2]. . . . . . . . . . . . . . . . . . .. . . . . 2774.05. . . . . 2713.35. . . . . 2719.95. . . . . 2748.00. . . . . 2685.00. . . . . . 522.21. . . . . 3514.20. . . . . 2310.50. . . . . 20 . . . . . 2710.95 

Hindalco [1] . . . . . . . . . . . . . . . . . . . .. . . . . . 529.60. . . . . . 512.00. . . . . . 528.50. . . . . . 529.00. . . . . . 511.20. . . . . 6308.26. . . . . . 553.85. . . . . . 305.40. . . . . 26 . . . . . . 511.95 

HPCL . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 298.75. . . . . . 292.75. . . . . . 295.00. . . . . . 302.00. . . . . . 291.10. . . . . 1795.52. . . . . . 354.55. . . . . . 223.00. . . . . . 6 . . . . . . 293.10 

HUL [1] . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 2312.55. . . . . 2294.80. . . . . 2298.00. . . . . 2304.05. . . . . 2284.75. . . . . . 737.92. . . . . 2859.10. . . . . 2104.25. . . . . 62 . . . . . 2293.60 

ICICI Bank [2] . . . . . . . . . . . . . . . . . .. . . . . . 748.90. . . . . . 754.45. . . . . . 746.25. . . . . . 762.90. . . . . . 740.00. . . . 10967.16. . . . . . 859.70. . . . . . 531.00. . . . . 25 . . . . . . 754.30 

ICICILombGIC . . . . . . . . . . . . . . . . . .. . . . . 1282.60. . . . . 1266.75. . . . . 1275.00. . . . . 1284.80. . . . . 1255.10. . . . . . 581.52. . . . . 1674.00. . . . . 1252.80. . . . . 48 . . . . . 1267.45 

IndraprsGas [2]. . . . . . . . . . . . . . . . .. . . . . . 377.95. . . . . . 370.55. . . . . . 375.05. . . . . . 377.55. . . . . . 369.05. . . . . 1692.31. . . . . . 604.00. . . . . . 369.40. . . . . 20 . . . . . . 370.70 

IndusInd BK. . . . . . . . . . . . . . . . . . . .. . . . . . 955.35. . . . . . 952.45. . . . . . 952.00. . . . . . 972.00. . . . . . 949.00. . . . . 3535.91. . . . . 1241.85. . . . . . 811.10. . . . . 18 . . . . . . 952.55 

IndusTowers . . . . . . . . . . . . . . . . . . .. . . . . . 252.90. . . . . . 251.70. . . . . . 253.00. . . . . . 254.35. . . . . . 249.10. . . . . 1236.49. . . . . . 332.80. . . . . . 194.10. . . . . ­ . . . . . . . . . . . ­ 

INFO EDGE (I). . . . . . . . . . . . . . . . . .. . . . . 4427.65. . . . . 4442.65. . . . . 4380.00. . . . . 4556.50. . . . . 4353.30. . . . . . 536.18. . . . . 7462.95. . . . . 4027.00. . . . 134 . . . . . 4443.50 

Infosys [5] . . . . . . . . . . . . . . . . . . . . .. . . . . 1706.95. . . . . 1730.70. . . . . 1701.00. . . . . 1737.30. . . . . 1691.50. . . . . 5120.89. . . . . 1953.70. . . . . 1230.00. . . . . 36 . . . . . 1730.60 

IntGlobAviat . . . . . . . . . . . . . . . . . . .. . . . . 2116.60. . . . . 2086.55. . . . . 2085.05. . . . . 2096.15. . . . . 2025.20. . . . . 1964.63. . . . . 2379.00. . . . . 1502.90. . . . . ­ . . . . . 2085.10 

IOC . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 121.15. . . . . . 119.20. . . . . . 120.00. . . . . . 121.15. . . . . . 118.60. . . . . 5730.30. . . . . . 141.75. . . . . . . 86.70. . . . . . 4 . . . . . . 119.10 

I­PruLifeINS. . . . . . . . . . . . . . . . . . . .. . . . . . 525.20. . . . . . 510.55. . . . . . 521.35. . . . . . 521.35. . . . . . 509.05. . . . . 1516.50. . . . . . 724.50. . . . . . 411.00. . . . 116 . . . . . . 510.55 

ITC [1]. . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 221.90. . . . . . 218.00. . . . . . 220.30. . . . . . 221.30. . . . . . 217.15. . . . 16129.02. . . . . . 265.30. . . . . . 199.10. . . . . 18 . . . . . . 218.10 

JSWSteelLtd [1] . . . . . . . . . . . . . . . .. . . . . . 632.85. . . . . . 623.10. . . . . . 631.90. . . . . . 635.00. . . . . . 621.25. . . . . 1857.57. . . . . . 776.50. . . . . . 371.40. . . . . . 8 . . . . . . 623.60 

JublilntFood . . . . . . . . . . . . . . . . . . . .. . . . . 2980.35. . . . . 2981.30. . . . . 2988.00. . . . . 3020.00. . . . . 2909.00. . . . . . 670.85. . . . . 4577.45. . . . . 2660.90. . . . . 91 . . . . . 2982.05 

Kot.Mah.Bk [5] . . . . . . . . . . . . . . . . .. . . . . 1826.55. . . . . 1827.10. . . . . 1808.00. . . . . 1851.30. . . . . 1802.10. . . . . 1343.91. . . . . 2252.45. . . . . 1627.25. . . . . 48 . . . . . 1826.35 

L&T [2] . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 1883.10. . . . . 1863.95. . . . . 1874.95. . . . . 1883.90. . . . . 1848.85. . . . . 1262.59. . . . . 2078.20. . . . . 1306.40. . . . . 39 . . . . . 1863.05 

L&TInfotech [1]. . . . . . . . . . . . . . . . .. . . . . 5860.65. . . . . 5861.30. . . . . 5850.00. . . . . 5920.00. . . . . 5738.80. . . . . . 129.52. . . . . 7595.25. . . . . 3525.95. . . . . 48 . . . . . 5857.50 

Lupin [2] . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 767.75. . . . . . 760.75. . . . . . 761.80. . . . . . 766.40. . . . . . 752.85. . . . . 1027.44. . . . . 1267.50. . . . . . 691.70. . . . 211 . . . . . . 761.05 

M&M [5] . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 852.00. . . . . . 841.10. . . . . . 845.20. . . . . . 850.50. . . . . . 832.00. . . . . 2255.75. . . . . . 978.90. . . . . . 725.00. . . . . 26 . . . . . . 841.00 

Marico Ltd [1]. . . . . . . . . . . . . . . . . .. . . . . . 504.75. . . . . . 507.25. . . . . . 504.00. . . . . . 508.90. . . . . . 499.00. . . . . 1505.28. . . . . . 606.00. . . . . . 379.05. . . . . 58 . . . . . . 507.35 

Maruti [5]. . . . . . . . . . . . . . . . . . . . . .. . . . . 8569.10. . . . . 8612.70. . . . . 8544.05. . . . . 8724.25. . . . . 8443.60. . . . . . 626.05. . . . . 9022.00. . . . . 6301.20. . . . . 84 . . . . . 8611.95 

MRF . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 65638.95. . . . 64734.65. . . . 65574.90. . . . 65574.90. . . . 64602.35. . . . . . . 10.51. . . . 94000.00. . . . 64600.00. . . . . 34 . . . . 64752.80 

MuthootFinan . . . . . . . . . . . . . . . . . .. . . . . 1324.05. . . . . 1321.85. . . . . 1318.00. . . . . 1347.95. . . . . 1308.50. . . . . . 948.24. . . . . 1722.55. . . . . 1120.45. . . . . 13 . . . . . 1324.35 

NestleIndia. . . . . . . . . . . . . . . . . . . . .. . . . 18009.30. . . . 18106.10. . . . 17977.00. . . . 18160.00. . . . 17825.00. . . . . . . 37.04. . . . 20599.95. . . . 15900.00. . . . . 92 . . . . 18090.45 

NMDC Ltd [1] . . . . . . . . . . . . . . . . . .. . . . . . 142.15. . . . . . 140.05. . . . . . 141.00. . . . . . 143.40. . . . . . 139.65. . . . . 4899.10. . . . . . 213.15. . . . . . 117.50. . . . . . 4 . . . . . . 140.00 

NTPC. . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 132.35. . . . . . 131.95. . . . . . 132.40. . . . . . 134.15. . . . . . 131.15. . . . 12212.74. . . . . . 152.10. . . . . . . 93.20. . . . . . 8 . . . . . . 131.85 

ONGC [5] . . . . . . . . . . . . . . . . . . . . . .. . . . . . 167.90. . . . . . 163.40. . . . . . 167.40. . . . . . 167.55. . . . . . 163.05. . . . 14222.26. . . . . . 176.40. . . . . . . 97.45. . . . . . 6 . . . . . . 163.40 

Petronet . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 213.10. . . . . . 208.35. . . . . . 211.30. . . . . . 212.35. . . . . . 208.05. . . . . 1399.51. . . . . . 260.90. . . . . . 206.70. . . . . 10 . . . . . . 208.55 

PGHH . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 15770.95. . . . 15529.80. . . . 15770.55. . . . 15770.55. . . . 15200.00. . . . . . . . 9.08. . . . 16420.90. . . . 12021.15. . . . . 87 . . . . 15517.65 

PidiliteInd [1] . . . . . . . . . . . . . . . . . .. . . . . 2430.70. . . . . 2426.30. . . . . 2413.00. . . . . 2453.30. . . . . 2398.80. . . . . . 187.48. . . . . 2764.60. . . . . 1666.70. . . . 100 . . . . . 2426.85 

PiramalEntp [2]. . . . . . . . . . . . . . . . .. . . . . 2162.45. . . . . 2096.90. . . . . 2133.00. . . . . 2169.90. . . . . 2083.75. . . . . . 834.05. . . . . 3013.00. . . . . 1612.00. . . . 145 . . . . . 2098.30 

PowerGrid . . . . . . . . . . . . . . . . . . . . .. . . . . . 195.70. . . . . . 198.15. . . . . . 195.70. . . . . . 199.00. . . . . . 195.55. . . . . 8011.98. . . . . . 220.85. . . . . . 148.88. . . . . 10 . . . . . . 198.10 

Pun.Natl.Bk [2] . . . . . . . . . . . . . . . . .. . . . . . . 37.75. . . . . . . 37.50. . . . . . . 37.55. . . . . . . 37.80. . . . . . . 37.20. . . . 34670.09. . . . . . . 47.60. . . . . . . 31.50. . . . . 11 . . . . . . . 37.50 

Reliance . . . . . . . . . . . . . . . . . . . . . . .. . . . . 2424.40. . . . . 2399.90. . . . . 2412.00. . . . . 2437.50. . . . . 2384.60. . . . . 5125.97. . . . . 2750.00. . . . . 1877.60. . . . . 46 . . . . . 2400.15 

SBI  [1] . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 515.30. . . . . . 511.85. . . . . . 511.55. . . . . . 517.50. . . . . . 504.65. . . . 16866.93. . . . . . 549.05. . . . . . 321.15. . . . . 13 . . . . . . 511.85 

SBICards&Pay. . . . . . . . . . . . . . . . . .. . . . . . 826.40. . . . . . 802.45. . . . . . 826.40. . . . . . 826.40. . . . . . 801.00. . . . . 1151.63. . . . . 1165.00. . . . . . 781.20. . . . . ­ . . . . . . . . . . . ­ 

SBILifeInsur . . . . . . . . . . . . . . . . . . . .. . . . . 1150.50. . . . . 1134.75. . . . . 1145.00. . . . . 1150.50. . . . . 1123.00. . . . . 1020.38. . . . . 1293.00. . . . . . 840.00. . . . . 83 . . . . . 1129.15 

ShreeCement . . . . . . . . . . . . . . . . . .. . . . 24349.55. . . . 24678.35. . . . 24340.00. . . . 24993.00. . . . 24050.05. . . . . . . 65.70. . . . 32050.00. . . . 23505.70. . . . . 36 . . . . 24691.65 

Siemens [2] . . . . . . . . . . . . . . . . . . . .. . . . . 2457.40. . . . . 2415.60. . . . . 2453.95. . . . . 2475.60. . . . . 2406.00. . . . . . 256.13. . . . . 2577.45. . . . . 1718.00. . . . . 81 . . . . . 2416.15 

Sun Pharma [1] . . . . . . . . . . . . . . . .. . . . . . 862.90. . . . . . 843.85. . . . . . 855.50. . . . . . 864.00. . . . . . 839.50. . . . . 2305.71. . . . . . 902.50. . . . . . 561.65. . . . 116 . . . . . . 842.95 

Tata Motors [2] . . . . . . . . . . . . . . . .. . . . . . 493.15. . . . . . 494.45. . . . . . 490.15. . . . . . 500.40. . . . . . 486.10. . . . 22592.16. . . . . . 536.50. . . . . . 268.50. . . . . ­ . . . . . . 494.70 

Tata Steel . . . . . . . . . . . . . . . . . . . . .. . . . . 1190.80. . . . . 1181.85. . . . . 1188.00. . . . . 1202.00. . . . . 1174.40. . . . . 4978.73. . . . . 1534.60. . . . . . 656.55. . . . . . 5 . . . . . 1181.50 

TataConsuPro . . . . . . . . . . . . . . . . . .. . . . . . 717.50. . . . . . 713.20. . . . . . 710.50. . . . . . 721.35. . . . . . 704.50. . . . . 1542.81. . . . . . 889.00. . . . . . 577.05. . . . . ­ . . . . . . . . . . . ­ 

TCS [1] . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 3793.90. . . . . 3719.40. . . . . 3810.00. . . . . 3827.80. . . . . 3705.55. . . . . 7465.92. . . . . 4045.50. . . . . 2701.00. . . . . 38 . . . . . 3720.25 

TechMahindra [5]. . . . . . . . . . . . . . .. . . . . 1437.95. . . . . 1418.20. . . . . 1427.15. . . . . 1440.00. . . . . 1410.10. . . . . 2109.46. . . . . 1837.75. . . . . . 915.05. . . . . 27 . . . . . 1418.35 

TitanCompany [1] . . . . . . . . . . . . . .. . . . . 2488.95. . . . . 2454.35. . . . . 2488.00. . . . . 2488.00. . . . . 2411.05. . . . . . 788.57. . . . . 2687.30. . . . . 1396.25. . . . . 98 . . . . . 2453.35 

TorrentPhar [5]. . . . . . . . . . . . . . . . .. . . . . 2663.95. . . . . 2654.90. . . . . 2650.20. . . . . 2668.70. . . . . 2615.10. . . . . . . 87.57. . . . . 3304.45. . . . . 2311.30. . . . . 43 . . . . . 2655.85 

UB [1] . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 1545.25. . . . . 1525.35. . . . . 1530.00. . . . . 1549.85. . . . . 1517.00. . . . . . 214.42. . . . . 1793.65. . . . . 1050.00. . . . 119 . . . . . 1526.80 

UltraTech . . . . . . . . . . . . . . . . . . . . . .. . . . . 6916.60. . . . . 6813.45. . . . . 6900.00. . . . . 6912.55. . . . . 6791.00. . . . . . 424.35. . . . . 8267.00. . . . . 5727.90. . . . . 31 . . . . . 6817.75 

United Spr [2] . . . . . . . . . . . . . . . . . .. . . . . . 835.95. . . . . . 838.85. . . . . . 835.95. . . . . . 844.40. . . . . . 823.80. . . . . 1174.57. . . . . 1019.75. . . . . . 495.15. . . . . 69 . . . . . . 838.70 

UPL [2] . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . 724.95. . . . . . 704.15. . . . . . 724.90. . . . . . 724.90. . . . . . 701.85. . . . . 2577.46. . . . . . 864.75. . . . . . 514.10. . . . 149 . . . . . . 703.80 

Vedanta [1] . . . . . . . . . . . . . . . . . . . .. . . . . . 364.00. . . . . . 353.95. . . . . . 363.50. . . . . . 365.60. . . . . . 353.10. . . . . 5793.69. . . . . . 385.75. . . . . . 191.50. . . . . . 9 . . . . . . 353.70 

Wipro [2] . . . . . . . . . . . . . . . . . . . . . .. . . . . . 562.45. . . . . . 570.80. . . . . . 555.75. . . . . . 572.70. . . . . . 555.40. . . . . 8767.00. . . . . . 739.80. . . . . . 398.00. . . . . 32 . . . . . . 570.65 

Yes Bk [2] . . . . . . . . . . . . . . . . . . . . .. . . . . . . 13.90. . . . . . . 13.65. . . . . . . 13.75. . . . . . . 13.80. . . . . . . 13.60. . . . 64338.35. . . . . . . 16.90. . . . . . . 10.51. . . . . ­ . . . . . . . 13.67 

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ICICI SECURITIESPaytm (Buy) Target: ₹�1,352CMP: ₹�807One 97 Communications’ (Paytm) two­sideddigital ecosystem of 64.4 million averagemonthly transacting users (MTUs) (as atDec’21) from over 350 million consumer baseand over 24.9 million merchants are core toits unit economics.Estimating that it currently generatesrevenue of ₹�350­375 per MTU and ₹�1­1.1K permerchant and incurs direct cost (ofacquisition and transaction) of ₹�250­275 perMTU and ₹�750­775 per merchant, we derivecustomer lifetime value of ₹�2K per MTU and₹�29.6K per merchant. Super imposing this on FY24 estimated MTUand merchant base and adjusting further forfi�xed cost, net cash and value ofassociates/subsidiaries, we arrive at Paytm’sintrinsic business value of ₹�94,000 crore(₹�1,352 per share). We initiate coverage on the stock with Buyrating. Key risks being below expectedmonetisation through fi�nancial servicesbusiness and unfavourable regulatoryoutcomes.

BROKER’S CALL

MOTILAL OSWAL Dabur (Buy) Target: ₹�705CMP: ₹�553.45We reiterate our Buy rating on Dabur with atarget price of ₹�705. Our investment thesis onDabur is premised on the following keyattributes: highest topline growth visibilityamong peers; consistent market share gainsacross categories; and potential to record evenfaster earnings growth post­completion of itsongoing investment phase.The key catalysts that underpin a sustaineddouble­digit topline growth for Dabur include:an impressive performance in the Ayurvedichealthcare space; an encouraging output fromthe Power Brand strategy; an improvingoutlook for the F&B business; and a host of newlaunches by the company. In fact, Dabur is on track to deliver adouble­digit sales growth in FY22, a featachieved in two out of three years since thethen new CEO took over.The recent stock price correction from its peakoff�ers an attractive entry point in our opinionwith the stock now trading at 39x FY24 P/E, adiscount of 15 per cent/20 per cent to itshistorical three/fi�ve­year averages, respectively.Dabur is among our top two picks in theStaples space along with Godrej Consumer(GCPL).Downside risks to our investment case include:a persistent and intensifi�ed rural slowdown; aspike in material cost pressures;higher­than­expected moderation in thedemand for herbal health products as thepandemic recedes; and a reversal in recentmarket share gains.

OUR BUREAU

Mumbai, February 21

Benchmark  indices  closed  in  thered for the fourth consecutive ses­sion  amid  volatility  on  Monday.Though the benchmarks fell onlymarginally,  but  the  pain  wasdeeper  as  over  two­third  tradedstocks on the BSE closed in the red.Stocks across metals, oil & gas, re­alty  and  pharma  sector  fell  themost. 

Markets opened on a weak noteas  the  geopolitical  tensionsbetween  Russia  and  Ukrainecontinued.

After swinging beteen 58,141.96and  57,167.02,  the  BSE  Sensexclosed  at  57,683.59,  down  149.38

points or 0.26 per cent. The Nifty50 closed at 17,206.65, down 69.65points or 0.4 per cent. The volatil­ity index rose 3.32 per cent to 22.90.

The  market  breadth  remainedin favour of the decliners with 2,817stocks  declining  on  the  BSE  asagainst 675 that advanced.

FII sellingInvestors remained concerned re­garding continued FII selling. Ma­jor headwinds including rate hikefears,  fi�rm  commodity  prices,  es­pecially crude oil, and rising bondyields have also been weighing onglobal investor sentiments.

FIIs  on  Monday  sold  sharesworth  ₹�2,261  crore  in  the  cashsegment.

Mitul Shah, Head of Research atReliance Securities, said: “The geo­political pot is boiling. If that is notenough, the Fed’s aggressive tone

on rate hike is keeping market par­ticipants on the edge. The LIC’s up­coming IPO – India’s biggest ever

public listing — continues to makewaves,” said Shah. Wipro, Infosys,Shree  Cement,  PowerGrid  andHDFC  Bank  were  the  top  gainerson  the  Nifty  50  while  Hindalco,UPL, Divi’s Lab, Adani Ports and SunPharma were the top laggards.

Nifty Bank edges upOn the sectoral front, all indices ex­cept  Nifty  Bank  and  Nifty  PrivateBank closed in the red.  Nifty Mid­cap  50  was  down  0.80  per  centwhile Nifty Smallcap 50 was down2.85 per cent. The S&P BSE Midcapwas down 0.80 per cent while theS&P BSE Smallcap was down 2.20per cent.

Nifty Metal was down over 2 percent  while  Nifty  Oil  &  Gas  wasdown nearly 2 per cent. Nifty Re­alty, Nifty PSU Bank, Nifty Health­care Index and Nifty Pharma wereeach down over 1 per cent. 

FIIs selling remains

unabated; metal, oil

stocks lead slide

2,800 stocks end in red on BSE;Sensex, Nifty slide for 4th day

PRESS TRUST OF INDIA

New Delhi, February 21

The  Securities  Appellate  Tribunal(SAT)  has  quashed  a  SEBI  orderagainst HDFC Bank, whereby the reg­ulator had imposed a penalty of ₹�1crore on the lender in a case pertain­ing to invoking securities pledged bystockbroker BRH Wealth Kreators.

In addition, the regulator had dir­ected to transfer ₹�158.68 crore alongwith seven per cent interest per an­num into an escrow account till theissue of settlement of clients’ securit­ies is reconciled.

These  directions  were  issued  bySEBI in January 2021 as HDFC Bank in­voked  securities  pledged  by  BRHWealth  Kreators  in  violation  of  theregulator's  interim  order  passed  inOctober 2019.

‘Can invoke pledged shares’Following  the  SEBI's  order,  HDFCBank moved to SAT.

In its order on Friday, SAT said thebank  was  justifi�ed  in  invoking  thepledge  made  by  the  broker  BRH.While invoking the pledge the bankdid  not  violate  any  direction  con­tained  in  SEBI’s  interim  order.  “Theappellant (HDFC Bank) could invokethe  pledge  under  Depositories  Actand is not required to approach anyforum or Court of law for invocationof  the  pledge.  The  assets  of  thebroker do not include pledge of theshares  created  by  the  sub­broker,”SAT said.

Tribunal dismisses SEBIorder against HDFC Bank

BRH WEALTH KREATORS CASE

GURUMURTHY K

BL Research Bureau

The outlook for the stock of In­diabulls  Housing  Finance  isbearish. The stock had tumbled9.6 per cent on Monday and hasbroken  below  the  key  near­term  support  level  of  ₹�180.Prior to this fall, the stock wasconsolidating  between  ₹�180and ₹�195 for some time. Imme­diate resistance is at ₹�180. Nextstrong resistance will be in the₹�190­195 region. 

The stock can fall to ₹�140 ini­tially.  A  break  below  ₹�140  willtrigger  a  further  fall  towards₹�110­100 in the coming weeks.Traders can go short at currentlevels.  Accumulate  shorts  onrallies  at  ₹�176  and  ₹�188.  Keepthe  stop­loss  at  ₹�203.  Trail  the

stop­loss down to ₹�162 as soonas the stock falls to ₹�151. Movethe  stop­loss  further  down  to₹�134  as  soon  as  the  stocktouches  ₹�128.  Book  profi�ts  at₹�122.  The  downside  pressurewill ease only if the stock risesabove ₹�185.

However, the stock will haveto  rise  past  ₹�200  decisively  inorder  to  turn  the  outlookbullish. In such a scenario, thestock can move upto ₹�220­₹�230and  will  negate  the  danger  ofseeing ₹�110­₹�100 on the down­side.  However,  the  chances  ofbreaking  above  ₹�200  is  veryless.

(Note: The recommendations are

based on technical analysis. There

is risk of loss in trading.)

TODAY'S PICK

Indiabulls Housing Finance (₹�166.75): SELL 

17208 • Nifty 50 FuturesS1 S2 R1 R2 COMMENT

17100 17000 17320 17380 Bias is negative. Wait for rallies and

go short at 17310 and 17360.

Stop­loss can be kept at 17430.

S1, S2: Support 1 & 2; R1, R2: Resistance 1 & 2. 

₹�1523 • HDFC BankS1 S2 R1 R2 COMMENT

1505 1490 1530 1540 Can see a fresh fall from here. Go

short now and at 1528. Keep the

stop­loss at 1547

₹�1730 • InfosysS1 S2 R1 R2 COMMENT

1720 1685 1740 1755 Initiate fresh short positions with a

stop­loss at 1735 if the stock breaks

below 1720.

₹�218 • ITCS1 S2 R1 R2 COMMENT

215 210 221 226 Near­term outlook is bearish. Go

short now and at 220. Stop­loss can

be kept at 224

₹�163 • ONGCS1 S2 R1 R2 COMMENT

162 160 165 168 Above range support. Go short with

a stop­loss at 165 only if the stock

breaks below 162.

₹�2400 • Reliance Ind. S1 S2 R1 R2 COMMENT

2375 2345 2435 2460 Bearish with a reversal pattern on

intraday chart. Go short now with a

stop­loss at 2445

₹�512 • SBIS1 S2 R1 R2 COMMENT

506 500 521 526 Support ahead. Go short only if the

stock breaks below 506. Stop­loss

can be placed at 509.

₹�3719 • TCSS1 S2 R1 R2 COMMENT

3685 3620 3750 3800 Immediate outlook is mixed. Wait

for a break below 3685 to go short.

Keep the stop­loss at 3715

DAY TRADING GUIDE

Nifty 50 Movers H 69.65 pts.Close(₹�) Pts PE Wt(%)

Infosys . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 1730.70. . . . . . . . 20.15. . . . . . . . . 34.26 . . . . . . . . 8.53HDFC Bank . . . . . . . . . . . . . . . . . . . . . . . . . .. . 1522.10. . . . . . . . . . 9.77. . . . . . . . . 23.35 . . . . . . . . 8.86ICICI Bank . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 754.45. . . . . . . . . . 8.82. . . . . . . . . 21.97 . . . . . . . . 6.97Wipro . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 570.80. . . . . . . . . . 2.83. . . . . . . . . 25.80 . . . . . . . . 1.12PowerGrid Corp . . . . . . . . . . . . . . . . . . .. . . . 198.15. . . . . . . . . . 1.92. . . . . . . . . . . 8.54 . . . . . . . . 0.90Maurti Suzuki . . . . . . . . . . . . . . . . . . . . . .. . 8612.70. . . . . . . . . . 1.33. . . . . . . . . 80.18 . . . . . . . . 1.52Shree Cement. . . . . . . . . . . . . . . . . . . . . .24678.35. . . . . . . . . . 1.00. . . . . . . . . 35.94 . . . . . . . . 0.44Axis Bank. . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 788.85. . . . . . . . . . 0.85. . . . . . . . . 19.02 . . . . . . . . 2.70Nestle India Ltd. . . . . . . . . . . . . . . . . . .18106.10. . . . . . . . . . 0.79. . . . . . . . . 81.39 . . . . . . . . 0.86Tata Motors . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 494.45. . . . . . . . . . 0.53. . . . . . . . . . . 0.00 . . . . . . . . 1.18Kotak Bank . . . . . . . . . . . . . . . . . . . . . . . . . .. . 1827.10. . . . . . . . . . 0.18. . . . . . . . . 33.60 . . . . . . . . 3.57Eicher Motors . . . . . . . . . . . . . . . . . . . . . .. . 2699.00. . . . . . . . ­0.01. . . . . . . . . 46.34 . . . . . . . . 0.50HCL Tech . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 1164.75. . . . . . . . ­0.06. . . . . . . . . 28.64 . . . . . . . . 1.68Britannia Ind. . . . . . . . . . . . . . . . . . . . . . . .. . 3475.25. . . . . . . . ­0.17. . . . . . . . . 55.88 . . . . . . . . 0.55Cipla . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 907.25. . . . . . . . ­0.22. . . . . . . . . 28.29 . . . . . . . . 0.62IndusInd Bank . . . . . . . . . . . . . . . . . . . . .. . . . 952.45. . . . . . . . ­0.43. . . . . . . . . 17.03 . . . . . . . . 0.82NTPC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 131.95. . . . . . . . ­0.43. . . . . . . . . . . 7.80 . . . . . . . . 0.83TataConsumerProducts Ltd.. . . . 713.20. . . . . . . . ­0.59. . . . . . . . . 77.28 . . . . . . . . 0.57Dr Reddys Lab . . . . . . . . . . . . . . . . . . . . .. . 4298.25. . . . . . . . ­0.64. . . . . . . . . 27.07 . . . . . . . . 0.69Asian Paints. . . . . . . . . . . . . . . . . . . . . . . . .. . 3251.65. . . . . . . . ­0.70. . . . . . . 101.24 . . . . . . . . 1.95BPCL. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 368.75. . . . . . . . ­0.96. . . . . . . . . . . 4.10 . . . . . . . . 0.47Indian OilCorp . . . . . . . . . . . . . . . . . . . . .. . . . 119.20. . . . . . . . ­1.13. . . . . . . . . . . 4.04 . . . . . . . . 0.40Bajaj Finserv . . . . . . . . . . . . . . . . . . . . . . . .16012.25. . . . . . . . ­1.17. . . . . . . . . 33.86 . . . . . . . . 1.29Bharti Airtel. . . . . . . . . . . . . . . . . . . . . . . . .. . . . 709.95. . . . . . . . ­1.40. . . . . . . . . 63.91 . . . . . . . . 2.23Bajaj Finance . . . . . . . . . . . . . . . . . . . . . . .. . 7006.35. . . . . . . . ­1.44. . . . . . . . . 71.01 . . . . . . . . 2.47Bajaj Auto . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 3579.50. . . . . . . . ­1.57. . . . . . . . . 16.73 . . . . . . . . 0.62SBI Life . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 1134.75. . . . . . . . ­1.59. . . . . . . . . 83.08 . . . . . . . . 0.66Tata Steel . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 1181.85. . . . . . . . ­1.63. . . . . . . . . . . 3.70 . . . . . . . . 1.25HDFC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 2436.80. . . . . . . . ­1.80. . . . . . . . . 19.31 . . . . . . . . 5.86Hero MotoCorp. . . . . . . . . . . . . . . . . . . .. . 2713.35. . . . . . . . ­1.80. . . . . . . . . 20.90 . . . . . . . . 0.47HDFC Life . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 582.00. . . . . . . . ­1.91. . . . . . . 103.39 . . . . . . . . 0.72JSW Steel . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 623.10. . . . . . . . ­2.21. . . . . . . . . . . 6.91 . . . . . . . . 0.82M&M . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 841.10. . . . . . . . ­2.39. . . . . . . . . 16.65 . . . . . . . . 1.07Grasim Ind . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 1692.45. . . . . . . . ­2.60. . . . . . . . . 11.56 . . . . . . . . 0.84UPL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 704.15. . . . . . . . ­2.62. . . . . . . . . 13.24 . . . . . . . . 0.52UltraTech Cement. . . . . . . . . . . . . . . .. . 6813.45. . . . . . . . ­2.73. . . . . . . . . 30.28 . . . . . . . . 1.05Adani Ports . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 711.10. . . . . . . . ­2.76. . . . . . . . . 28.42 . . . . . . . . 0.70Divis Lab . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 4258.30. . . . . . . . ­2.77. . . . . . . . . 44.02 . . . . . . . . 0.72Tech Mahindra. . . . . . . . . . . . . . . . . . . . .. . 1418.20. . . . . . . . ­2.81. . . . . . . . . 26.83 . . . . . . . . 1.17Coal India . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 161.20. . . . . . . . ­2.92. . . . . . . . . . . 6.51 . . . . . . . . 0.45State Bank . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 511.85. . . . . . . . ­3.03. . . . . . . . . 13.64 . . . . . . . . 2.61Titan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 2454.35. . . . . . . . ­3.30. . . . . . . . . 97.32 . . . . . . . . 1.36Hind Unilever. . . . . . . . . . . . . . . . . . . . . . .. . 2294.80. . . . . . . . ­3.63. . . . . . . . . 61.46 . . . . . . . . 2.72ONGC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 163.40. . . . . . . . ­3.76. . . . . . . . . . . 4.27 . . . . . . . . 0.79Sun Pharma . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 843.85. . . . . . . . ­4.71. . . . . . . . . 31.35 . . . . . . . . 1.21L&T . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 1863.95. . . . . . . . ­5.29. . . . . . . . . 25.92 . . . . . . . . 2.99Hindalco . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 512.00. . . . . . . . ­5.88. . . . . . . . . . . 9.36 . . . . . . . . 0.99ITC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 218.00. . . . . . . . ­7.81. . . . . . . . . 17.84 . . . . . . . . 2.54TCS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 3719.40. . . . . . ­17.65. . . . . . . . . 36.42 . . . . . . . . 5.12Reliance Ind. . . . . . . . . . . . . . . . . . . . . . . . .. . 2399.90. . . . . . ­19.33. . . . . . . . . 25.04 . . . . . . 11.01

Pts: Impact on index movement

Nifty Next 50 Movers H 531.70 pts.Close(₹�) Pts PE Wt(%)

Dabur India . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 553.60. . . . . . . . 11.49. . . . . . . . . 53.62 . . . . . . . . 2.73Avenuesuper . . . . . . . . . . . . . . . . . . . . . . .. . 4096.60. . . . . . . . . . 8.98. . . . . . . 179.36 . . . . . . . . 3.90Gland Pharma . . . . . . . . . . . . . . . . . . . . .. . 3252.90. . . . . . . . . . 4.63. . . . . . . . . 45.06 . . . . . . . . 1.06Marico . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 507.25. . . . . . . . . . 4.39. . . . . . . . . 53.51 . . . . . . . . 2.22Info Edge (India) .. . . . . . . . . . . . . . . .. . 4442.65. . . . . . . . . . 3.94. . . . . . . . . . . 4.59 . . . . . . . . 2.90United Spirits . . . . . . . . . . . . . . . . . . . . . .. . . . 838.85. . . . . . . . . . 2.93. . . . . . . . . 72.97 . . . . . . . . 2.11Jindal Steel . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 415.15. . . . . . . . . . 2.77. . . . . . . . . . . 4.91 . . . . . . . . 1.43CholamandInvest&Finance  .. . . . 674.15. . . . . . . . . . 1.41. . . . . . . . . 32.33 . . . . . . . . 2.25Acc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 2184.90. . . . . . . . . . 1.08. . . . . . . . . 22.02 . . . . . . . . 1.56Ambuja Cements . . . . . . . . . . . . . . . . .. . . . 338.55. . . . . . . . . . 0.50. . . . . . . . . 15.82 . . . . . . . . 2.10Jubilant Foodworks . . . . . . . . . . . . .. . 2981.30. . . . . . . . . . 0.25. . . . . . . . . 92.05 . . . . . . . . 1.93Colgate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 1410.90. . . . . . . . . . 0.20. . . . . . . . . 35.88 . . . . . . . . 1.59Larsen & Toubro Info . . . . . . . . . .. . 5861.30. . . . . . . . . . 0.10. . . . . . . . . 46.54 . . . . . . . . 2.26Havells. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 1201.15. . . . . . . . ­0.13. . . . . . . . . 65.54 . . . . . . . . 2.54Muthoot Finance . . . . . . . . . . . . . . . .. . 1321.85. . . . . . . . ­0.81. . . . . . . . . 13.10 . . . . . . . . 1.21Bajaj Holdings . . . . . . . . . . . . . . . . . . . . .. . 5352.90. . . . . . . . ­1.34. . . . . . . . . 15.01 . . . . . . . . 1.71Torrent Pharma . . . . . . . . . . . . . . . . . . .. . 2654.90. . . . . . . . ­1.51. . . . . . . . . 36.86 . . . . . . . . 1.10Bosch . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .15787.00. . . . . . . . ­2.00. . . . . . . . . 34.48 . . . . . . . . 1.14Pidilitind . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 2426.30. . . . . . . . ­2.28. . . . . . . . . 97.86 . . . . . . . . 3.13Punjab Natl Bank . . . . . . . . . . . . . . . . .. . . . . 37.50. . . . . . . . ­2.52. . . . . . . . . . . 9.66 . . . . . . . . 0.94Indus Towers .. . . . . . . . . . . . . . . . . . . . . .. . . . 251.70. . . . . . . . ­3.30. . . . . . . . . 11.48 . . . . . . . . 1.72Cadila Health. . . . . . . . . . . . . . . . . . . . . . .. . . . 371.15. . . . . . . . ­4.69. . . . . . . . . 15.95 . . . . . . . . 0.80Lupin . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 760.75. . . . . . . . ­5.72. . . . . . . . . . . 0.00 . . . . . . . . 1.55Proc & Gam . . . . . . . . . . . . . . . . . . . . . . . . .15529.80. . . . . . . . ­5.82. . . . . . . . . 87.27 . . . . . . . . 0.93Sail . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 95.60. . . . . . . . ­6.14. . . . . . . . . . . 2.98 . . . . . . . . 1.17Hdfc Asset Mgmt Cmp .. . . . . . .. . 2171.15. . . . . . . . ­6.31. . . . . . . . . 33.89 . . . . . . . . 1.21Nmdc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 140.05. . . . . . . . ­8.15. . . . . . . . . . . 3.95 . . . . . . . . 1.35Yes Bank . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . 13.65. . . . . . . . ­8.20. . . . . . . . . . . 0.00 . . . . . . . . 1.11Biocon . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 387.50. . . . . . . . ­8.27. . . . . . . . . 59.31 . . . . . . . . 1.53Indraprastha Gas . . . . . . . . . . . . . . . .. . . . 370.55. . . . . . . . ­8.80. . . . . . . . . 17.93 . . . . . . . . 1.10Berger Paints India . . . . . . . . . . . . .. . . . 726.65. . . . . . . . ­9.20. . . . . . . . . 85.94 . . . . . . . . 1.49Intglobeavi . . . . . . . . . . . . . . . . . . . . . . . . . .. . 2086.55. . . . . . . . ­9.83. . . . . . . . . . . 0.00 . . . . . . . . 1.70Bank Of Baroda . . . . . . . . . . . . . . . . . . .. . . . 103.75. . . . . . ­10.12. . . . . . . . . 10.40 . . . . . . . . 1.63Bandhan Bank . . . . . . . . . . . . . . . . . . . . .. . . . 314.00. . . . . . ­12.29. . . . . . . . . . . 0.00 . . . . . . . . 1.80Siemens. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 2415.60. . . . . . ­12.64. . . . . . . . . 83.26 . . . . . . . . 1.82Hpcl . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 292.75. . . . . . ­13.01. . . . . . . . . . . 4.98 . . . . . . . . 1.58Icici Lombard Gic . . . . . . . . . . . . . . . . .. . 1266.75. . . . . . ­13.74. . . . . . . . . 49.29 . . . . . . . . 2.73Apollo Hosp . . . . . . . . . . . . . . . . . . . . . . . . .. . 4426.65. . . . . . ­15.35. . . . . . . . . 53.88 . . . . . . . . 3.77Aurobindo Pharma . . . . . . . . . . . . . .. . . . 639.05. . . . . . ­17.15. . . . . . . . . 13.04 . . . . . . . . 1.52I­Prulife . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 510.55. . . . . . ­19.31. . . . . . . 115.59 . . . . . . . . 1.67Godrej Consumer . . . . . . . . . . . . . . . .. . . . 809.00. . . . . . ­21.07. . . . . . . . . 46.32 . . . . . . . . 2.59Sbi Cards And Pay Srv . . . . . . . .. . . . 802.45. . . . . . ­21.48. . . . . . . . . 62.51 . . . . . . . . 1.79Pi Industries . . . . . . . . . . . . . . . . . . . . . . .. . 2505.60. . . . . . ­22.37. . . . . . . . . 46.40 . . . . . . . . 1.70Dlf. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 346.50. . . . . . ­27.64. . . . . . . . . 54.56 . . . . . . . . 1.81Gail (India) . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 136.30. . . . . . ­28.13. . . . . . . . . . . 5.33 . . . . . . . . 2.10Piramal Ent. . . . . . . . . . . . . . . . . . . . . . . . . .. . 2096.90. . . . . . ­29.76. . . . . . . . . 37.41 . . . . . . . . 2.37Adani Transmission .. . . . . . . . . . . .. . 1895.90. . . . . . ­43.88. . . . . . . 166.11 . . . . . . . . 3.33Vedanta . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 353.95. . . . . . ­44.41. . . . . . . . . . . 5.46 . . . . . . . . 3.89Adani Enter. . . . . . . . . . . . . . . . . . . . . . . . . .. . 1685.20. . . . . . ­47.72. . . . . . . 233.29 . . . . . . . . 3.92Adani Green Energy . . . . . . . . . . . .. . 1955.90. . . . . . ­79.33. . . . . . . 648.10 . . . . . . . . 4.49

Pts: Impact on index movement 

OUR BUREAU

Mumbai, February 21

The  initial  public  off�erings(IPO)  of  Pharmeasy  parent  APIHoldings  Limited,  CMR  GreenTechnologies  Limited  and  Well­ness  Forever  Medicare  Ltd  havereceived  approval  from  the  Se­curities  and  Exchange  Board  ofIndia (SEBI) in the past week. 

These  three  companies  hadfi�led  their  preliminary  IPO  pa­pers with SEBI between Septem­ber  and  November  2021.  Thesecompanies have obtained SEBI’s“observations” during February16­17,  2022,  an  update  with  SEBIshowed.  Companies  can  goahead  with  IPO  if  they  get  ob­servations from SEBI.

API’s plansLeading  online  digital  health­care start­up, API Holdings Lim­ited,  which  owns  digital  phar­macy brand PharmEasy plans toraise  up  to  ₹�6,250  crore

through  its  IPO  which  will  be  aprimary  share  sale  as  none  ofthe  existing  promoters/share­holders  are  making  any  off�erfor sale (OFS).

Additionally, the company,  inconsultation  with  the  bankersto  the  issue,  may  consider  aprivate  placement  aggregatingup to ₹�1,250 crore. If such place­ment is completed, the fresh is­sue size will be reduced.

The  IPO  of  the  metal  recyc­ling  company  CMR  Green  Tech­nologies  comprises  fresh  issu­ance  of  equity  shares  worth₹�300  crore  and  an  OFS  of  3.34crore  shares  by  promoters  andinvestors,  according  to  thedraft papers.

The  IPO  of  the  Adar  Poon­awalla­backed  pharmacy  Well­ness  Forever  Medicare  involvesa fresh  issue  of  equity  sharesaggregating  to  ₹�400  crore  andan  OFS of  up  to  1.60  croreequity shares. 

IPOs: PharmEasy, CMR Green,Wellness Forever get SEBI nod

OUR BUREAU

Chennai, February 21

Sundaram  Alternates,  a  fully­owned  subsidiary  of  SundaramAsset Management Company, onMonday  announced  the  launchof  Atlas,  a  diversifi�ed  multi­sec­tor  Category  III  Alternative  In­vestment Fund (AIF.

Sundaram Alternates’ maidenfund,  in  the  open­ended  Cat­egory  III  space,  is  looking  atlonger  investment  horizonswith appreciation opportunitiesfor 4­plus years. Atlas is open forsubscription to domestic and in­ternational investors.

Atlas  will  focus  on  structuralequity  and  cyclical  value  oppor­tunities,  and  predominantly

play  four  themes  ­  Capex  ‘Maes­tros’ ­ businesses that have clearmulti­year capex plans and haveidentifi�ed profi�table opportunit­ies to grow; Phygital Bluechips  ­traditional  businesses  adoptingtechnology  to  gain  marketshare,  particularly  in  retail  andBFSI;  Consumption  Czars  ­  un­derpriced mid­ and small­caps inareas of discretionary consump­tion  and  consumer  durables;and  Export  Voyagers  ­  Globalgoods and service providers witha Make in India, Sell in the Worldpositioning.

“In a growing country like In­dia, every stage of economic de­velopment  provides  investmentopportunities.  We  are  currentlyin  a  sweet  spot.  A  multi­cap,multi­sector  fund  is  well  poisedto  take  advantage  of  these  op­portunities,  and  we  believe  thetime  is  right  for  Atlas,”  Vijay­endiran  R,  Chief  Executive  Of­fi�cer, Sundaram Alternates, said. 

Sundaram Alternates launchesCategory III AIF ‘Atlas’ The fund will focuson structural equity

and cyclical valueopportunities

OUR BUREAU

Mumbai, February 21

V Vaidyanathan,  Managing  Dir­ector  and  CEO,  IDFC  First  Bank,has  gifted  9  lakhshares  of  the  privatesector  lender  to  fi�vemembers of his staff�to  help  them  pur­chase houses.

“It  is  declared  thatthe recipients are per­sonal  relationshipsand  not  related  tohim  in  any  mannerunder  the  defi�nition  of  relatedparties of the Companies Act orSEBI Regulations,” the bank saidin a stock exchange fi�ling. 

At  Monday’s  closing  price  of₹�43.9 apiece on BSE for the scrip,

this  would  amount  to  about₹�3.95 crore in total. 

Vaidyanathan  gifted  threelakh  shares  to  his  trainer,  twolakh  shares  each  to  his  househelp  and  driver  and  one  lakhshares each to his offi�ce supportstaff� and a house help.

“In  addition,  Rukmani  SocialWelfare  Trust  has  dis­posed  2,00,000equity  shares  to  sup­port  social  activities,”the bank further said,adding  that  the  totalshares  disposed  forgifts and social activit­ies is 11,00,000 equityshares  of  IDFC  FirstBank.

Vaidyanathan  has  previouslyin 2021 also gifted shares of thebank to three of his employees.Before  that,  he  had  transferredshares to his teacher as a token ofgratitude.

IDFC First Bank chief donates 9 lakh sharesVaidyanathan gifts shares worth 

₹�3.95 crore to staff

V Vaidyanathan

................BM-BMECMYK

MUMBAI

BusinessLineTUESDAY • FEBRUARY 22 • 2022 7NEWS

OUR BUREAU

Mumbai, February 21

Gold  loan  auctions  by  non­banking  fi�nance  companies(NBFCs)  would  normalise  inQ4  (January­March)  FY22  asNBFCs  with  a  large  portfolioare seen adopting aggressivestrategies  to  maintain  andexpand  their  gold  loan  fran­chise  in  the  face  of  intensecompetition  from  banks,  ac­cording  to  India  Ratings(Ind­Ra).

The  rating  agency  attrib­uted the expected normalisa­tion to gold prices stabilisingsince October 2021, after peri­ods of corrections seen sinceDecember  2020,  along  withnormalcy  returning  in  busi­ness activities.

Ind­Ra  assessed  that  asNBFCs  may  expand  theirgold  loan  franchise,  thiscould  result  in  comprom­

ising on margins while off�er­ing  lower  yield  loans,  espe­cially  large  ticket  size  loans,to  retain  customers,  incur­ring  higher  operating  ex­penditure,  and  probablydriving  fl�exible  loan  terms,thus  impacting  operatingperformance.

Jinay  Gala,  Associate  Dir­ector,  Ind­Ra,  in  a  report,  ob­served  that  gold  loan  auc­tions  by  NBFCs  rose  in  9MFY22,  perhaps  highest  sinceFY14  when  gold  saw  largervolatility in its prices. 

Delinquent loansNBFCs  off�ering  gold  loansfaced  higher  auction  pres­sures in 9M FY22, largely dueto  the  Covid­19  impact  onborrowers’  cash  fl�ows  andthe  gold  price  correcting  byaround  10  per  cent  duringmid­June  to  September  30,

2021,  he  said,  adding  a  sim­ilar fall was seen in Q4 FY21.

A sizeable  proportion  ofloans  turned  delinquent,leading  to  auctions  in  therange  of  4  per  cent  to  13  percent  of  gold  assets  undermanagement  (AUM)  in  9MFY22 across lenders with sub­sequent  build­up  in  grossstage­3  assets,  the  reportsaid. 

“...As  gold  loan  borrowers,especially  small­ticket  ones,are  generally  among  the  fi�n­ancially  weaker  segments,the  auction  data  also  indic­ates high stress among these

borrowers  largely  due  topandemic,” Gala said. 

“This  is  corroborated  bythe  high  delinquencies  ob­served in microfi�nance loansin 9M FY22. The sharp rise indelinquencies  and  auctionsare a reminder that the assetclass  performance  remainsvulnerable to sharp volatilityin  gold  loan  prices  and  in­come  volatility  among  weakborrowers,” Gala added.

Regulations controlWhile  NBFCs  have  seen  asharp  rise  in  loan  auctions,the  situation  at  banks  hasbeen  less  intensive  as  theregulations  ensure  that  theloan­to­value  (LTV)  ratio  re­

mains  lower  throughout  thetenor of the loans, increasingthe  incentive  for  borrowersto  arrange  for  the  redemp­tion  of  gold  loans  fromlenders.

Ind­Ra  noted  that  the  gen­eral  practice  among  NBFCsfi�nancing  gold  loans  is  tolimit  the  LTV  ratio  at  75  percent  at  disbursal  and  thisbuff�er  could  reduce  on  abuild­up  of  interest.  How­ever,  banks  are  required  tomaintain  LTV  of  75  per  centduring  the  entire  tenor  ofloans.

As  per  the  respective  in­ternal  risk  policies,  NBFCslargely  send  auction  noticesto  borrowers  if  the  accruedinterest  plus  principal  dueslead  to  a  rise  in  LTV  to  90­95per  cent,  thereby  necessitat­ing  borrowers  to  either  top­up the collateral or close theloan.  In  case  of  a  shortfall  inboth cases, the borrower col­lateral  goes  for  an  auction,the agency said.

Ind­Ra sees shadow banking sector 

facing intense competition from banks

‘NBFCs may pursue aggressive growth strategies’WX

NBFCs offering gold loans

faced higher auction

pressures in 9M FY22,

largely due to the

Covid-19 impact on

borrowers’ cash flows

BLOOMBERG

February 21

Companies  want  the  capitalmarket  regulator  to  changeproposed  rules  on  transac­tions  between  group  fi�rms,founders  and  related  entitiesas they will lead to an increasein compliance costs and delayin decision making. 

Engineering  major  Larsen& Toubro  Ltd  and  lobbygroups including the Confed­eration  of  Indian  Industry(CII)  want  the  Securities  andExchange  Board  of  India(SEBI) to scrap the mandatoryshareholder  approval  fordeals  beyond  ₹�10  billion.  In­stead,  the  existing  rule  of  10per  cent  of  annual  turnovershould  prevail  even  after  thenew rules kick in on April 1.

Late  last  year,  SEBItightened  rules  on  related­

party  transactions  to  curb  si­phoning of funds by foundersand  ensure  better  corporategovernance.  These  transac­tions  are  essentially  conduc­ted between a listed companyand  its  founders,  entities  re­lated  to  the  owners  or  withlarge shareholders.

Leads to inefficiencies“The proposals announced bySEBI makes compliance quitetedious and complicated par­ticularly  for  large  compan­ies,”  L&T’s  Chief  Financial  Of­fi�cer,  R  Shankar  Raman,  said.

“Thresholds  should  have  hada linkage  to  the  size  of  thecompany. Approaching share­holders  on  multiple  occa­sions in the course of the yearfor  approval  is  not  effi�cienttime wise.” Emails sent to SEBIdid  not  receive  a  response.The  regulator  tightened  thenorms after alleged irregular­ities were observed in the caseof some companies includingDHFL  and  Fortis  Healthcare.The  regulator  set  up  a  work­ing  group  in  November  2019to  strengthen  regulatorynorms  and  notifi�ed  theamendments  for  implement­ation from April 2022. 

“While  SEBI  norms  intendto set a higher governance barfor  listed  companies  to  pre­dominantly  limit  cash  strip­ping and to ensure fraud andsiphoning of funds can be re­duced,  it  comes  with  its  ownpractical  challenges,  espe­cially  for  large  conglomer­ates,” said Gaurav Mistry, Asso­ciate Partner, DSK Legal.

Companies tell SEBI

it will lead to a rise

in compliance cost

‘Proposals announced by SEBI

makes compliance quite

tedious and complicated’

‘Reverse related-party rule’

OUR BUREAU

Mumbai, February 21

Wego,  an  online  travel  mar­ketplace  in  the  Middle  Eastand  North  Africa  (MENA)  re­gion,  on  Monday announcedit  has  signed  a  defi�nitiveagreement with Flipkart to ac­quire  Cleartrip’s  Middle  Eastbusiness. 

This  transaction  also  in­cludes  the  sale  of  Flyin.comand  a  technology  co­opera­tion  agreement  betweenWego and Flipkart. The boardsof directors of Wego and Flip­kart have approved the trans­action which  is  expected  toclose  in  the  second  half  of2022,  subject  to  customary

closing  conditions  and  regu­latory approvals. Cleartrip is apioneer of online travel in In­dia.  It  expanded  organicallyinto  the  Middle  East  in  2010and  acquired  Riyadh­basedFlyin.com in 2018.

‘A crucial role to play’Ross  Veitch,  CEO  &  Co­Founder  of  Wego,  said, “Weare  excited  to  welcomeCleartrip  Middle  East  andFlyin  into  the  Wego  group.The  Middle  East  is  set  to  beone  of  the  most  excitinggrowth stories of the next dec­ade  with  the  travel  and  tech­nology  sectors  taking  centrestage  and  with  the  Wegogroup  playing  a  very  crucialrole.  Stuart  Crighton,  Co­Founder  and  Head  ofCleartrip’s International Busi­ness,  said,  “Our  focus  is  tobuild a  world­class  onlinetravel business.”

Transaction also

includes the sale 

of Flyin.com, tech

co­operation deal

Wego to acquire Cleartrip’sMiddle East biz from Flipkart

OUR BUREAU

New Delhi, February 21

Bharti  Airtel on  Monday  saidthat  it  has  joined  the  SEA­ME­WE­6  undersea  cable  consor­tium to scale up its high­speedglobal network capacity to serveIndia’s fast growing digital eco­nomy. 

The 19,200 Rkm SEA­ME­WE­6will  connect  Singapore  andFrance, and will be amongst thelargest undersea cable systemsglobally, Airtel said. 

Through  SEA­ME­WE­6,  Airtelwill add 100 TBps capacity to itsglobal  network.  Airtel  has  ac­quired  one  fi�ber  pair  on  themain  SEA­ME­WE­6  system  andwill  co­build  four  fi�ber  pairsbetween  Singapore­Chennai­Mumbai as part of the cable sys­tem. Airtel will land the SEA­ME­WE­6  cable  system  in  India  atnew  landing  stations  in  Mum­bai and Chennai, it said.

Airtel joinsundersea cableconsortium

OUR BUREAU

Mumbai, February 21

Reliance  Jio  Infocomm  Ltd(Jio) will land the next­genera­tion  multi­terabit  India­Asia­Xpress  (IAX)  undersea  cablesystem  in  Hulhumale,  Mal­dives, the com­pany  an­nounced  onMonday.

The  projectwill land in theisland  nationMaldives  incollaborationwith  OceanConnect Maldives. The IAX sys­tem will connect Hulhumale’directly  with  the  world’s  ma­jor internet hubs in India andSingapore. 

To be ready by 2023The  IAX  system  originates  inMumbai in the west and con­nects directly to Singapore, in­

cluding additional landings inIndia, Malaysia, and Thailand. 

The  India  Europe­Xpress(IEX)  system  connects  Mum­bai  to  Milan,  landing  inSavona, Italy. 

It includes additional land­ings  in  the  MiddleEast, North Africa andthe Mediterranean. 

IAX  is  expected  tobe  ready  for  serviceby  end­2023,  whileIEX  will  be  ready  forservice  in  mid­2024,the company said. 

“These  high  capa­cities and high­speed systemswill  provide  more  than200Tb/s of capacity at speedsof  100Gb/s,  stretching  over16,000  km.  Employing  opensystem  technology  and  thelatest  wavelength  switchedRoADM/branching  units  en­sures  rapid  upgrade  deploy­ment...,” it said.

Reliance Jio’s IAX undersea cable system to land in Maldives

BLOOMBERG

February 21

If  COP26  was  about  countriesmaking promises to avoid cata­strophic  climate  change,COP27  will  be  about  raisingmoney  so  developing  nationscan do their part. Alok Sharma,who  presided  over  the  lastUnited  Nations  climate  sum­mit  hosted  by  the  UK  in  Glas­gow, in the past week visited Vi­etnam  and  Indonesia  —  twomiddle­income  countries  thathave  said  they  couldstrengthen  their  climatepledges under the Paris Agree­ment.  Both  are  seeking  fi�nan­cial  packages  from  rich  coun­tries  that  will  allow  them  totransition away from coal.

As he prepares to hand overthe  COP  presidency,  Sharmaisn’t taking his foot off� the gas.Neither is John Kerry, the US cli­mate envoy, who visited Cairoon  Monday  to  launch  the  US­

Egypt Climate Working Group,which  will  seek  to  advancegoals ahead of COP27 hosted byEgypt. This year’s meeting willfocus less on raising targets tocut emissions and more on get­ting  climate  funding  to  devel­oping  countries  —  both  to  de­carbonise  and  deal  with  theimpacts of a warmer planet.

Faster implementation“This is not the big bang kind ofCOP where you’re laying out abold new set of commitments,”said Alden Meyer, a veteran ofthe  climate  meetings  who’s  asenior  associate  with  researchgroup  E3G.  “This  is  really  ‘rollup your sleeves and get downto business’ and start to imple­ment some of the things you’vealready committed to.”

The  Glasgow  Pact  creatednew deadlines that will have tobe met, he said. There will be aministerial roundtable on cut­

ting  emissions,  and  countrieswill have to set a post­2025 goalfor  fi�nancial  contributionsfrom  rich  countries.  Makingprogress on the contentious is­sue  of  loss  and  damage,  whatpoor  nations  say  is  owed  tothem  for  damage  alreadybaked in, is another task that re­mains unresolved after years oftalks.

The sense of frustration waspalpable  as  the  meeting  drewto a close in Glasgow. A globalcommitment to end the use ofcoal was watered down and de­veloped countries failed to de­liver on their promise to raise$100  billion  a  year  in  climate

fi�nance by 2020.  In the end, aseries of pledges just kept alivethe  chance  of  holding  warm­ing at 1.5°C above pre­industriallevels. Without a signifi�cant in­crease in action, the target will“wither  on  the  vine,”  Sharmasaid  at  the  World  SustainableDevelopment  Summit  onThursday.

Sharma  also  visited  Indone­sia because it is this year’s pres­ident of the Group of 20 coun­tries,  which  is  responsible  for80 per cent of global emissions.Last year, these countries failedto agree Sharma’s lofty goal of“consigning  coal  to  history”and  instead  only  settled  on  a

more modest plan to end fi�nan­cing of foreign coal fi�red powerplants.

Egypt’s commitmentSo  far,  the  only  other  countrythat  publicly  promised  to  up­date its pledge under the ParisAgreement is Egypt. It’s expec­ted to turn the spotlight on toAfrican  nations.  The  Horn  ofAfrica,  which  includesEthiopia,  Kenya  and  parts  ofSomalia, is currently experien­cing  its  most  severe  droughtfor  40  years,  that  has  killedmore than 1.5 million livestock.

Leena  Nandan,  an  offi�cialfrom India’s Environment Min­istry,  also  spoke  at  the  WorldSustainable  DevelopmentSummit on Thursday. She saidthe  focus  on  helping  develop­ing  nations  adapt  to  the  im­pacts of climate change is moreimportant  than  pressuringthem  to  cut  emissions  faster.“Climate justice has to be a partof it,” she told the conference.“Where  is  the  equityotherwise?”

COP27 will turn attention to climate justice for poor nationsCountries will have to set a post­2025 goal

for fi�nancial contributions from rich nations

US climate envoy John Kerry and Egypt’s Foreign Minister Sameh

Shoukri hold a joint press conference in Cairo on February 21

KR SRIVATS

New Delhi, February 21

IIFL  Home  Finance  Ltd  (IIFLHFL) has signed a $68­millionloan  agreement  with  AsianDevelopment  Bank  (ADB)  toimprove fi�nancial access to af­fordable  green  housing  forlower­income  groups  inIndia.

The  funding  comprises  adirect  ADB  loan  of  up  to  $58million and a $10­million con­cessional  loan  by  the  Cana­dian  Climate  Fund  for  thePrivate  Sector  in  Asia  (CFPS).The  Canadian  funding  willalso be routed through ADB. 

This  is  ADB’s  fi�rst  suchagreement  with  the  privatesector  in  the  country.  From

ADB’s loan, 80 per cent will beearmarked for lending to wo­men borrowers or co­borrow­ers and 20 per cent will be al­located  to  fi�nancingmortgages for green­certifi�edhomes. The CFPS loan will sup­port IIFL HFL’s green housingportfolio, specifi�cally towardsincentivising  developers  toadopt  green  certifi�cationstandards  in  building  aff�ord­able housing. Monu Ratra, MD& CEO, IIFL HFL, said, “Funding

from  ADB  will  help  us  to  im­prove  the  penetration  ofgreen  aff�ordable  housing  indeeper  markets  of  India  andfulfi�ll the dreams of many In­dian  families  to  own  theirown homes. We are glad to bepartnering  with  ADB  in  ourgrowth journey.”

Fighting climate change“By leveraging IIFL HFL’s focuson  fi�nancial  inclusion  andCPFS’  leadership  on  climate­resilient  housing,  ADB  canhelp  low­income  communit­ies to manage the impacts ofclimate change,” said ADB Dir­ector  General,  Private  SectorOperations Suzanne Gaboury.

IIFL HFL provides aff�ordablehome loans to the economic­ally  weaker  section  (EWS),low­income  group  (LIG)  andmiddle­income group (MIG). 

To boost affordable

green housing 

This is ADB’s first such pact with

the private sector in India

IIFL Home Finance inks $68 mloan agreement with ADB

MEENAKSHI VERMA AMBWANI

New Delhi, February 21

Homegrown  femtech  start­upSirona Hygiene has decided toacquire  pepper­spray  brand‘IMPOWER’ from Donna FMCGPvt Ltd in an all­cash deal for anundisclosed  amount.  Thismarks Sirona Hygiene’s foray inthe women safety products seg­ment  and  comes  close  on  theheels of its Series­B fund roundfrom the Good Glamm Group. 

Deep  Bajaj,  Co­founder  &CEO, Sirona Hygiene told Busi-nessLine,  “This  acquisition  fi�tsin with our overall strategy tooff�er  a  gamut  of  solutions  forwomen  across  diff�erent  lifestages  from  puberty  to  meno­pause. Our focus has been to ad­dress  various  neglected  areasby  off�ering  unique  solutions.The  pepper  spray  segment  isstill in its nascent stage in Indiaand  has  strong  growth  poten­

tial in the country.” The start­uphas  so  far  been  focusing  onfeminine hygiene space and isknown  for  products  such  asPeeBuddy,  herbal  femininepain  relief  patches,  menstrualcups, etc.

Increasing presence “We will be strategically deploy­ing  funds  to  amplify  the  pres­ence of IMPOWER both onlineas  well  as  offline  to  make  itmore  accessible.  There  hasbeen a signifi�cant adoption ofpepper sprays in the market forself­defense purposes in recenttimes...  We  believe  it  can  be­come a ₹�50 crore brand in thenext three years,” Bajaj said. 

The  company  said  thatnearly half a million IMPOWER­branded  pepper  sprays  havebeen sold so far.

“We believe there is potentialto evolve the brand’s portfolioto  a  range  of  other  solutionsbeyond  pepper  sprays  in  thissegment in  the  long  run  andtherefore, we have a dedicatedteam that will focus on scalingthe brand,” Bajaj added.

Sirona Hygiene acquires pepperspray brand IMPOWER Expects IMPOWER

to become a ₹�50 cr

brand in three years 

Deep Bajaj, Co-founder & CEO,

Sirona Hygiene

I, DINI Nishad Kaithakkal D/o ofDevadas Kuttamkulangara R/o Flat3E, Endura Apartments, OppositeMasjid, Sreekariyam P.O. Thiru-vananthapuram−695017 has changedmy name to Dini K. Devadas for allfuture purpose

PERSONAL

CHANGE OF NAME

................BM-BMECMYK

MUMBAI

8 BusinessLine TUESDAY • FEBRUARY 22 • 2022COMMODITIES/AGRI-BUSINESS

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MCX

ALUMINIUM Thane 1 Kg 260.4 262.3 0.7 7215

COPPER Thane 1 Kg 763.5 762.4 -0.1 4467500

COTTON Rajkot 1 Bale 37720.0 36950.0 -2.0 96075

CPO* Cash Settled 10 Kgs 1275.0 1275.0 0.0 3770

CRUDEOIL Cash Settled 1 BBL 6730.0 6730.0 0.0 677000

GOLD Ahmedabad 10 grms 50112.0 50050.0 -0.1 11019

GOLDGUINEA Ahmedabad 8 grms 39803.0 39706.0 -0.2 9.528

GOLDM Ahmedabad 10 grms 50034.0 49967.0 -0.1 643

GOLDPETAL Ahmedabad 1 grm 4954.0 4938.0 -0.3 15.525

KAPAS* Cash Settled 20 Kgs 2021.0 2012.5 -0.4 152

LEAD Thane / Chennai 1 Kg 184.2 183.2 -0.5 3045

MENTHAOIL Chandausi 1 Kg 951.8 955.4 0.4 177.84

NATURALGAS Cash Settled 1 mmBtu 337.2 347.9 3.2 2173750

NICKEL Thane 1 Kg 1809.3 1822.6 0.7 2167500

RUBBER Palakkad 100 Kgs 16269.0 16407.0 0.8 34

SILVER Ahmedabad 1 Kg 63902.0 63526.0 -0.6 207060

SILVERM Ahmedabad 1 Kg 64008.0 63685.0 -0.5 51210

SILVERMIC Ahmedabad 1 Kg 64016.0 63694.0 -0.5 37371

ZINC Thane 1 Kg 296.6 296.7 0.0 3330

NCDEX

CASTOR DEESA Quintal 7114.0 6986.0 -1.8 25195

CHANA BIKANER Quintal 3248.0 3183.0 -2.0 97560

COCUDAKL AKOLA Quintal 37650.0 37650.0 0.0 0

COTTON RAJKOT Bales 11068.0 10832.0 -2.1 15845

DHANIYA KOTA Quintal 11869.0 11623.0 -2.1 52015

GUARGUM5 JODHPUR Quintal 6338.0 6204.0 -2.1 77180

GUARSEED10 JODHPUR Quintal 22115.0 21830.0 -1.3 11055

JEERAUNJHA UNJHA Quintal 2044.0 2002.0 -2.1 3516

KAPAS RAJKOT 20 kgs 49500.0 49880.0 0.8 40

STEEL GOBINDGARH Quintal 7040.0 7090.0 0.7 1505

SYBEANIDR INDORE Quintal 1274.0 1274.0 0.0 20

SYOREF INDORE 10 kgs 10218.0 10006.0 -2.1 11810

TMCFGRNZM NIZAMABAD Quintal 7114.0 6986.0 -1.8 25195

Source: MCX and NCDEX; all contracts are current month/near month; closing prices are taken fromprovisional bhav copy (as of 17.00 hours); *delivery option available

■ China's state planner has approved two coal mines Shaanxi

province with annual capacity at six million tonnes and five

million tonnes each, it said on Monday. The three coal mines

involve total investment at 24.12 billion yuan ($3.81 billion).

■ Exports of Malaysian palm oil products for February 1-20 rose

between 24.9% and 29% from the same week in January,

according to cargo surveyors Intertek Testing Services and

Amspec Agri.

MCX COMPDEX C 10 pts (0.08%) MCX BULLDEX D -42 pts (-0.28%) MCX METLDEX C 42 pts (0.22%) NCDEX GUAREX D -197 pts (-2.46%)

PR. CLOSE HIGH LOW CLOSE PR. CLOSE HIGH LOW CLOSE PR. CLOSE HIGH LOW CLOSE PR. CLOSE HIGH LOW CLOSE

12941.51 12963.92 12887.48 12951.62 14634.53 14622.28 14523.70 14592.85 18736.32 18789.73 18653.56 18778.32 7997.30 8025.60 7791.00 7800.60

OUR BUREAU

Bengaluru, February 21

The  south­west  monsoon,which  is  crucial  for  agricul­tural  production  and  ruraleconomy,  is  expected  to  be“normal”  this  year,  saysprivate  weather  forecasterSkymet. 

In  its  “Preliminary  Mon­soon  Forecast  Guidance  for2022”  on  Monday,  Skymetsaid the negative sea surfacetemperature  anomalies  inthe equatorial Pacifi�c Oceanare weakening. 

This  warming  inclinationof  the  Pacifi�c  Ocean,  albeitwithin  neutral  limits,  maynot lead to an above­normalor  excess  rainfall.  Still,chances  of  a  ‘corrupt’  mon­soon are also ruled out.

“This  could  be  one  of  the‘normal’  monsoon  yearsmaking  a  robust  start  andfi�nishing  around  the  mid­way  mark  of  the  normalrange,  the  range  of  normalrainfall is 96­104 per cent oflong­period  average(880.6mm),” Skymet said ina statement.

tion  has  exceeded  kharifoutput,  which  had  at  onepoint  of  time  contributed60 per cent of the total food­grains production. 

Good agricultural produc­tion helps  lift  the rural eco­nomy  with  good  sales  ofwhite  goods,  fast­movingconsumer goods, two­wheel­ers,  cars  and  gold.  This,  inturn,  helps  the  country’soverall economy to performwell. 

With  regard  to  theweather prediction this year,Skymet said ENSO predictab­ility  decreases  during  theupcoming  “spring  barrier”and at times leads to an un­stable ENSO regime. This willget factored in its April fore­cast.  While  the  monsoontrough  is  over  the  SouthTropical  Indian  Ocean,  IODevents  are  typically  unableto  form  till  April.  Reliabletrends  of  “Indian  Ocean  Di­pole”  emerge  in  the  latterhalf  of  it.  Early  indicationssuggest it to be “neutral” butleaning close to the negativethreshold.  IOD­ENSO  inter­action  will  hold  the  key  tothe  overall  health  of  Indiansummer  monsoon  2022,said Sharma. 

continued La Nina will fall.”

Good for agri outputThe  projection  of  a  normalmonsoon  also  augurs  goodfor  agricultural  production,which  has  witnessed  newhighs  since  2016­17.  Duringthe  current  crop  year  (July2021­June 2022), the Ministryof Agriculture, in its secondadvanced  estimates,  projec­ted total foodgrains produc­tion at 316.06 million tonnes(mt)  against  310.74  mt  lastyear. 

Foodgrains  production  isprojected  higher  on  recordwheat,  rice,  and  pulses  out­put. According to the estim­ates,  rice  production  hasbeen  projected  at  127.93  mt(124.37  mt  last  year),  wheatoutput  at  111.32  mt  (109.59)and pulses at 26.96 mt (25.46mt). 

Over  the  last  two  years,the  country  experiencedheavy  rains  during  Septem­ber and November. Last year,unseasonal  rains  lashedmany  parts  of  the  countryduring  December  and  earlyJanuary.  Heavy  rains  haveproved  benefi�cial  for  rabicrops  production.  Over  thelast  six  years,  rabi  produc­

gauge  its  health  during  thefour­month­long season. 

The last two monsoon sea­sons  have  been  driven  byback­to­back La Nina events,shrinking now. It also meansthat  the  monsoon  this  yearwill  be  a  devolving  La  Ninato start with and turn neut­ral later. 

AVM GP Sharma, President– Meteorology  and  ClimateChange,  Skymet  Weather,said:  “After  observing  back­to­back La Nina during 2020and 2021, the chances of yetanother episode is ruled out,statistically.  The  sea  surfacetemperatures  in  the  equat­orial Pacifi�c are likely to risesoon  and  the  probability  of

data  sets  pertinent  for  acomprehensive  monsoonforecast.  “Ascertaining  theauthenticity is absolutely es­sential  and  that  is  a  long­drawn procedure. Therefore,it is a bit premature to sharethe  collated  fi�gures  but  suf­fi�ce  to  present  preliminaryguidance,” Skymet said.

La Nina eventsFurther,  Skymet  said  mon­soon  has  large  inter­annualfl�uctuations in its arrival, in­tensity,  duration,  and  with­drawal.  It  is  relatively  earlyto decode all these aspects atthis stage. 

But  there  are  precursorsto  get  an  early  glimpse  and

Skymet  has  been  project­ing the south­west monsoonsince  2012,  though  it  ab­stained  from  making  anyprojection in 2020 for “stra­tegic reasons”. 

Last year, it had predicteda normal monsoon and wasright  in  its  projections.  Theprivate forecaster intends torelease  a  detailed  report  onthe  prospects  of  the  mon­soon in April. 

If  the forecast proves cor­rect, it will be the fourth con­secutive year that India willhave a normal monsoon. 

The South West monsoonmakes up nearly 70 per centof the country’s annual rain­fall,  which  is  crucial  for  keykharif crops such as rice, cot­ton, oilseeds, pulses and sug­arcane. 

Robin Shaw, sugar analystat UK­based Marex Spectron,which  provides  commodit­ies brokerage services, said aneutral  El  Nino  outlook  re­moves  at  least  one  elementof  danger  to  the  Indianmonsoon.

Skymet said it is gathering

S-W monsoon likely to be normal: Skymet If the forecast holds true, it will be a

normal one for the 4th consecutive year

South-West monsoon makes up nearly 70% of the country’s

annual rainfall, which is crucial for key kharif crops such as rice,

cotton, oilseeds, pulses and sugarcane

SUBRAMANI RA MANCOMBU

Chennai, February 21

Farmers  across  India  have  be­gun to shift to online platformsand  their  transformation  to­wards  technology  is  takingplace  at  a  great  speed,  saysPankajj Ghode, Chief ExecutiveOffi�cer (CEO), Agri10x.

“The  belief  of  farmers  istransforming  and  the  adop­tion of online platforms is hap­pening.  It  is  being  acceptedand  adopted  for  its  conveni­ence. They are busy with farm­ing and we (online platforms)help them assist sell their pro­duce,”  said  Ghode,  whoseAgri10x helps farmers sell vari­ous farm produce online.

Mandis no more dominant Farmers  dependence  on  agri­culture terminal markets or ag­ricultural  produce  marketingcommittee (APMC) mandis hasbegun  to  reduce.  This  is  be­cause  mandis  are  no  more  a“dominant factor” for pricing.“That has been eliminated. Pri­

cing is important and it plays avital factor. Farmers put in hardwork for six months and don’tget the right price, they get de­motivated,” he said, explainingthe  reasons  why  farmers  aretransforming  to  the  onlineplatform,  a  blockchain­drivenagricultural ecosystem.

That  way,  the  repeal  of  thefarm reform laws in Decemberhave  not  impacted  or  raisedconcern  among  farmers.“Farmers  do  not  really  careabout all these. For them, con­venience  and  money  factorsmatter,” Ghode said. 

The  problem  with  themandis  is  that  payments  aremanual and prices are defi�ned

by  traders.  This  was  whyAgri10x  decided  to  get  onlineand  “create  momentum  fromthe farmgate”. 

Ghode’s views are supportedby the increasing sales and par­ticipation  in  online  platformssuch  as  Krishify  andPraman.Ai. 

Agri10x took a leaf out of theelectronic  National  Agricul­tural Market to launch its oper­ations  in  2018.  But  it  took  an­other two years before it couldfl�ag off� its fi�rst trading. “It tooktwo  years  to  build  ourproduct,” he said. 

POGG businessThe Pune­based fi�rm started itsoperations  with  10  farmershelping  them  sellpomegranate. “Today, we havetwo  lakh  farmers  selling  vari­ous  produce  online,”  Ghodesaid, adding that the turnoversince  its  launch  has  topped₹�250 crore. 

The fi�rm, run with 250 staff�,also has around 7,000 traders

buying  from  farmers  on  itsweb and app links.  Agri10x haswidened its products portfolioto  onion,  potato,  soyabean,maize, chilli, rice (a recent addi­tion), garlic and ginger. Potato,onion,  ginger  and  garlic(POGG) is “a value and volumebusiness” for it. 

“POGG  is  the  best  for  us  asthe  supply  is  available  acrossthe country and they are con­sistent in nature. Seasonabilitydoes not aff�ect these,” the start­up  CEO  said,  adding  that  112commodities are being totallytraded on its platform now. 

Agri10x has defi�ned the para­meters  for  the  quality  of  pro­duce  and  the  standard  opera­tional procedures are in placefor  manually  checking  thequality.

“We  are  currently  in  talkswith an Israeli fi�rm for an artifi�­cial intelligence­driven mobileapp  for  quality  checks.  FromApril onwards, we could be de­ploying it for farmers,” Ghodesaid. 

Farmers shifting to online platforms frommandis at ‘great speed’, says Agri10X CEO

Pankajj Ghode, CEO, Agri10X

REUTERS

February 21

Gold prices edged lower in volat­ile trade on Monday as a possiblesummit between the US and Rus­sian  presidents  to  discussUkraine  encouraged  risk  senti­ment  and  nudged  investorsaway from safe­haven assets. 

Spot  gold  fell  0.1  per  cent  to$1,896.43 per ounce by 1025GMT,down  from  a  session  high  of$1,908.03, its best level since June3.  US  gold  futures  were  fl�at  at$1,899.10. 

Russia-Ukraine tensionUS President Joe Biden and Rus­sian  President  Vladimir  Putinhave  agreed  in  principle  to  asummit  over  Ukraine,  Frenchleader Macron said on Monday,off�ering  a  possible  path  out  ofone  of  the  most  dangerous

European crises in decades, lift­ing risk sentiment across majormarkets. The potential meeting,while  easing  demand  for  gold,also led a slight move away fromits rival safe­haven the US dollar,limiting losses in the greenback­priced bullion. 

“(Gold) is holding up well. Thelast time we moved up to theselevels  it  ended  up  being  a  bulltrap  and  the  market  came  off�very  sharply.  We’ve  seen  somegood fl�ows into the ETFs,which isencouraging,” independent ana­lyst  Ross  Norman  said.  SPDRGold  Trust  ,  the  world’s  largest

gold­backed  exchange­tradedfund,  said  its  holdings  rose  0.5per  cent  to  1,024.09  tonnes  onFriday. “The next few days will bekey  in  determining  whetherfears over Ukraine can outweighthe encouraging data on the eco­nomic front as well as the likeli­hood of a series of interest ratehikes this year by central banks,”analysts at Kinesis Money said. 

Federal Reserve offi�cials on Fri­day  quelled  what  had  beenrising  market  expectations  foran aggressive initial response to40­year­high  US  infl�ation,  sig­nalling that steady interest ratehikes should be enough. 

Other metalsRising interest rates increase theopportunity  cost  of  holdingnon­yielding bullion. Spot silverfell  0.8  per  cent  to  $23.77  perounce, while platinum rose 0.6per  cent  to  $1,073.72,  and  palla­dium  gained  1  per  cent  to$2,367.93. 

Gold off 8-month highs asinvestors monitor developments Dollar also eases,restricting losses

OUR BUREAU

Kochi, February 21

The  Ernakulam  Krishi  VigyanKendra (KVK) is set to popular­ise snap melon — a highly nu­tritious  local  variety  —  as  oneof  the  best  remedies  for  heat,even as demand for fruit juicesis on the rise to beat the sum­mer heat.

Snap melon (pottu vellari) isa locally  grown  fruit  duringthe  summer.  The  KVK,  func­tioning under the Central Mar­ine  Fisheries  Research  Insti­tute  (CMFRI),  focuses  oncreating  awareness  of  its  nu­tritional value and promotingfruit  and  its  juice  among  thepublic.

“Many  are  still  unaware  ofthe nutritional value and effi�c­acy of snap melon during thesummer  season.  This  fruit  isan  excellent  source  of  betacarotene, folic acid, potassium

and  vitamin  C”,  said  ShinojSubramanian,  head  of  theKVK. 

Precision farmingSnap  melon  is  cultivated  inpaddy  fi�elds  sprawling  about600 acres in many parts of the

district  namely,  Nedumbas­seri,  Manjali,  Kadungalloor,Alangad,  Karumalloor  fol­lowed  by  the  paddy  harvest.“This  year  the  KVK  with  theparticipation  of  local  farmersis  demonstrating  precisionfarming  of  snap  melon  to  re­

duce labour requirement andenhance  productivity”,  Sub­ramanian said.

As  part  of  its  awareness­cum­promotional  campaign,the  KVK  will  organise  a  megaharvest festival of snap meloncultivated  in  various  parts  ofAlangad  Grama  Panchayat  onFebruary 24. During the  , KVKwill  display  the  snap  melonand introduce its juices in dif­ferent  fl�avours  to  the  public.In  addition,  the  experts  willlead  sessions  on  the  prepara­tion of the juice varieties usingdiff�erent recipes at the fest.

“KVK’s  initiative  is  alsoaimed  at  supporting  the  fruitfarmers  and  popularising  theprecision  farming  of  snapmelon. KVK will provide neces­sary  guidance  to  those  inter­ested  in  taking  up  the  snapmelon  farming,”  Shinoj  Sub­ramanian said.

Kerala KVK to popularise snap melon

Precision farming being carried out at the KVK in Alangad in

Ernakulam district, Kerala

VISHWANATH KULKARNI

Bengaluru, February 21

Agri­tech  fi�rm  Cropin  Techno­logy Solutions is setting up twooverseas subsidiaries in the USand Singapore to tap the mar­kets in the region. 

Last year, Cropin Technologyhad  set  up  a  subsidiary  in  theNetherlands  to  off�er  agri­techsolutions  in  the  EuropeanUnion.

Krishna Kumar, Founder andCEO, said the two new subsidiar­ies will  be  operational  in  thenext few months. 

The Singapore subsidiary will

tap the markets in Asia­Pacifi�c,including countries such as Ja­pan  and  Australia,  where  thecompany  sees  good  potentialfor adoption of technologies inthe agri eco­system. 

Cropin  Technology,  a  B2Bagri­tech platform, leverages di­gitisation,  predictive  intelli­gence and data sciences alongwith technologies such as artifi�­cial  intelligence  and  machine

learning  to  increase  effi�ciency,productivity in the farm sector. 

The  Bengaluru­headquartered company workswith  some  of  the  biggestbrands globally covering farm­ing companies, agri­input pro­viders,  food  processing  com­panies,  retailers,  fi�nancialservice providers, governmentsand  development  agencies  tohelp them make more eff�ectivedecisions, improve predictabil­ity and mitigate risk. 

Global operationsCropin Technology works withover 250 customers and has di­gitised 16 million acres of farmland, improving the livelihoodsof  more  than  seven  millionfarmers, Krishna Kumar said.

The company has built datasets  and  intelligence  for  over

400 crops and 10,000 crop vari­eties across 56 countries.

“We  are  also  looking  at  ac­quiring  companies  in  areas  ofdeep technologies such as com­puter vision and artifi�cial intel­ligence to augment our capabil­ities,” he added. 

The  company  is  looking  forpotential acquisition targets inseveral countries including theUS and Israel. 

Set up in 2010, the companyhas raised $33 million in fund­ing,  so  far,  from  investors  in­cluding  The  Bill  &  MelindaGates Foundation’s Strategic In­vestment Fund, ABC World Asia,Chiratae Ventures, Invested De­velopment, and Ankur Capital.Krishna  Kumar  said  the  com­pany will soon start the D­Seriesfund raising exercise to fi�nanceits expansion and growth plans.

After Netherlands, agtech player Cropin to set up units in the US, Singapore

Krishna Kumar, Founder and

CEO, Cropin Technology

Eyes acquisitions in deep-tech space to boostcapabilities

REUTERS

Melbourne, February 21

Crude oil prices calmed downafter  fl�uctuating  initially  onMonday, as investors eyed con­trasting  scenarios  of  tighterRussian energy supplies due tothe  Ukraine  crisis  and  morecrude coming to the market ona possible  nuclear  dealbetween  Iran  and  worldpowers.

Brent  crude  futures  and  USWest Texas Intermediate (WTI)crude rose more than $1 a barrelat the start of Asian trade andsubsequently swung to nearly$1  loss  on  news  of  a  possiblesummit  between  the  UnitedStates and Russia.

Brent crude futures were at$93.39  a  barrel  at  0445GMT,down  15  cents  after  earliertouching  $95,  while  US  WestTexas Intermediate (WTI) crudefutures had climbed 7 cents to$91.14 a barrel. 

Analysts at Singapore’s OCBCbank said Brent could test $100in the short term, possibly be­fore the end of fi�rst quarter. 

Crude oil steadies,Iran n- talks weigh

BEATING THE SUMMER HEAT

OUR BUREAU

Mangaluru, February 21

The  Solvent  Extractors’  As­sociation  of  India  (SEA)has  asked  its  members  toreduce  the  maximum  re­tail  price  (MRP)  on  edibleoils  by  ₹�3,000  to  ₹�5,000  atonne  with  immediate  ef­fect  as  a  Holi gift  to con­sumers.  This  reductionwould  work  out  to  ₹�3­5  akg.

In  a  statement,  AtulChaturvedi,  SEA  President,

well  and  we  are  expectingan  all­time  record  cropduring  the  current  year,which  may  bring  some  re­lief to consumers,” he said.

The Centre has also beenvery  proactive  in  takingprompt  measures  to  cooldown  prices  before  thenew mustard crop hits themarket  yards.  The  recentreduction  in  import  dutyon  crude  palm  oil  by  2.5per  cent  is  a  case  in  point,he said.

the  Black  Sea  regionbetween  Russia  andUkraine  has  added  fuel  tothe  fi�re,  with  respect  tothe  sunfl�ower  oil  complexwhich comes from that re­gion.  Inclement  weatherin  Brazil  on  account  of  LaNiña  has  also  reduced  thesoya  crop  drastically  inLatin America.

“In this scenario, what isheartening  to  note  is  thatthe  domestic  mustardcrop  is  shaping  up  quite

palm  oil  by  way  oflicensing.

He  said  the  tension  in

before  Diwali  in  Novem­ber, and later in December,the  association  had  askedits  members  to  reducecooking oil pricest. 

Geopolitical worriesStating  that  edible  oilprices  are  skyrocketingglobally, he added that theprices show no immediatesigns of moderating. Someexporting  countries  suchas  Indonesia  have  startedregulating  exports  of

said  members  of  the  asso­ciation, though strugglingto maintain a smooth sup­ply chain of edible oils, arealigned  to  the  proactivedecisions  of  the  Govern­ment.  SEA  has  requestedand  advised  its  membersto  reduce  the  MRP  on  ed­ible  oils  with  immediateeff�ect to soften prices.

This  is  the  third  time  infour months that the asso­ciation has asked its mem­bers  to  cut  prices.  Earlier,

Holibonanza: SEA asks members to cut MRP on edible oils, again

UKRAINE CRISIS

................BM-BMECMYK

MUMBAI

BusinessLineTUESDAY • FEBRUARY 22 • 2022 9NEWS

PRESS TRUST OF INDIA

Dubai, February 21

The  Comprehensive  Eco­nomic  Partnership  Agree­ment inked  between  Indiaand  the  United  Arab  Emir­ates  last  week  is  a  milestoneand  will  be  a  gamechangerin  bilateral  trade,  a  leadingremittance  and  forex  com­pany  offi�cial  has  said,  pre­dicting  a  boost  to  fi�ntechcompanies  and  start­up  uni­corns in the region.

India  and  the  UAE  on  Fri­day  last  signed  the  CEPAtrade  pact  after  concludingnegotiations  in  a  short  timeof  88  days.  The  pact  aims  totake  the  two­way  commerceto  the  $100  billion  in  overfi�ve years and create about 10lakh  jobs  in  apparel,  plastic,leather and pharma sectors.

Adeeb  Ahamed,  managingdirector  of  Abu  Dhabi­basedLuLu  Financial  Holdings

said, at a time when inclusivetrade and economic coopera­tion are cornerstones of a ro­bust  economy,  the  dealsignifi�es  the  commitment  ofthe  UAE  and  India  to  strivefor  greater  growth  througheconomic cooperation.

Historical ties“The  UAE  and  India  have  his­torically shared a close bondin  several  areas  of  trade  andcommerce, and CEPA will en­courage  the  investor  com­munity,  both  regionally  andglobally,  to  also  look  intoemerging  sectors  in  bothcountries,  notable  of  whichis fi�ntech,” Ahamed told PTI.

“The  Indian  fi�ntech  in­dustry  is  estimated  to  touch$150  billion  by  2025,  and  theUAE  is  home  to  over  50  percent  of  the  fi�ntech  compan­ies  in  the  Middle  East  andNorth  Africa region.  Com­

bine  the  potential  of  thesetwo markets, and the possib­ilities  to  generate  employ­ment,  value  and  ecosystemgrowth are endless,” he said.

According  to  Ahamed,  thepotential  for  interoperablesolutions exists and the CEPAmay  well  pave  the  way  forcompanies in the UAE to seekinvestments and expand into

India, and vice versa.The  volume  of  cross­bor­

der remittances between thetwo  countries  has  oftengrabbed  headlines,  with  33per  cent  of  the  outward  re­mittances  from  the  UAE  go­ing to India.

India  and  the  UAE  havebeen  riding  the  start­up  uni­corn  wave  in  recent  months,

and  Ahamed  expressed  op­timism  that  the  CEPA,  whichis  expected  to  boost  UAE­In­dia trade to over $100 billionover  the  next  fi�ve  years,would  open  a  doorway  forboth  countries  to  exportlocal  technology  in  fi�ntechsolutions  for  the  benefi�t  ofboth economies.

Fintech unicorns“The UAE and India are hometo  several  unicorns,  espe­cially  in  the  fi�ntech  space.The  timely  signing  of  CEPAenables better market accessand  is  bound  to  encouragefaster  technology  exchange.This  will  ultimately  inspirefi�ntech  companies  to  buildmeaningful  payment  solu­tions  for  people  in  both  thecountries,” said Ahamed.

With  global  investor  senti­ment  leaning  towards  scal­able  fi�ntech  solutions,Ahamed  also  feels  that  CEPAwill  serve  as  a  curtain  raiserfor  closer  collaboration  andpartnerships  in  the  sector.

He  cites  the  example  of  sev­eral recent developments, in­cluding the signing betweenNational  Payments  Corpora­tion of  India (NPCI) and Net­work International, as well asinvestments  by  blue­chip  in­vestors  from  both  countries,which are focused on bolster­ing  the  reliability  and  effi�­ciency  of  the  paymentssector.

The segment has benefi�tedgreatly from the thrust on in­frastructure  developmentand  robust  processes,  andthe  CEPA  will  fast  trackmuch­needed  investmentsinto  the  fi�nancial  servicessector.”  LuLu  Financial  Hold­ings  presently  holds  severalinvestments  in  both  the  UAEand India — which includes anetwork  of  83  branches  ofLuLu  Exchange  and  the  di­gital  payments  applicationLuLu Money in the UAE, apartfrom  29  branches  of  LuLuForex  and  the  newly  startedNBFC  entity  LuLu  Finserv  inIndia. 

Adeeb Ahamed predicts a boost to fintech

firms, start-up unicorns in the region

Commerce Minister Piyush Goyal and UAE Economy Minister

Abdulla bin Touq Al-Mari signed the CEPA trade pact after

concluding negotiations in a short time of 88 days PTI

CEPA with UAE a game changer: Lulu Fin MD

PRESS TRUST OF INDIA

Ranchi, February 21

A  special  CBI  court  onMonday  sentenced  RJD  Su­premo  Lalu  Prasad  Yadav  tofi�ve  years  in  prison  andslapped a fi�ne of ₹�60 lakh inconnection  with  the  ₹�139crore fodder scam.

The  court  pronounced  thequantum  of  sentence  afterhearing arguments online.

“Lalu  Prasad  has  been  sen­tenced to fi�ve years imprison­ment  while  a  penalty  of  ₹�60lakh  has  also  been  imposedon  him.  Apart  from  Prasad,fi�ve years imprisonment eachwas announced by the Courtfor  fi�ve  convicts,  four  yearseach for 32 convicts and threeyears each for three convicts,”CBI  counsel  BMP  Singh  toldPTI.

“Fine  imposed  on  convictsranges  from  ₹�1  lakh  to  ₹�2crore,” Singh said adding thatthe  highest  amount  of  ₹�2

crore  penalty  was  imposedon  supplier  Tripurari  MohanPrasad.

After  his  conviction  in  the₹�139.35  crore  Doranda  treas­ury  embezzlement  case,  thefi�fth  and  fi�nal  one  againsthim in the multi­crore fodderscam  on  February  15,  the  ail­ing  73­year  old  former  chiefminister of Bihar was lodgedin  the  Birsa  Munda  CentralJail and then shifted to state­run  Rajendra  Institute  ofMedical  Sciences  (RIMS)  inRanchi on health grounds.

The ebullient leader suff�ers

from  multiple  ailments,  in­cluding renal problems.

In jail since December 2017,Prasad served most of his sen­tence  period  at  the  RIMS.  Hewas  taken  to  All  India  Insti­tute of Medical Sciences, NewDelhi  in  January  last  yearafter  his  health  conditiondeteriorated.

Prasad’s  counsel  said  theywill  appeal  this  order  in  theHigh  Court.  He  (Lalu)  hasalready  completed  36months of his jail term”.

Prasad  had  earlier  beensentenced to 14 years in jail infour other fodder scam cases.The  fi�nal  case  was  related  towithdrawals  of  ₹�139.35  crorefrom  Doranda  treasury  dur­ing  his  tenure  as  the  chiefminister of undivided Bihar.

Of  the  99  accused  in  thecase, 24 were acquitted.

The  CBI  had  examined  575witnesses  in  the  case,  andfi�led charge sheet against 170

people.  However,  only  99  ac­cused,  including  Prasad,faced  trial  which  had  com­menced in 1996.

In the course of the 22­year­long  trial,  55  accused  died,while  eight  turned  govern­ment  approvers.  As  many  assix  accused  are  stillabsconding.

Special  CBI  Judge  Sud­hanshu Kumar Shashi had onJanuary  29  completed  thehearing.

Apart  from  Prasad,  formerMP Jagdish Sharma, the thenPublic  Accounts  Committee(PAC)  chairman  DhruvBhagat,  Animal  HusbandrySecretary Beck Julius and An­imal  Husbandry  AssistantDirector  KM  Prasad  were  themain accused.

The fodder scam, pegged at₹�950  crore,  was  fi�rst  un­earthed by the then Chaibasadeputy  commissioner  AmitKhare.

Lalu gets 5-year prison term in fodder scam

Lalu Prasad Yadav

PRESS TRUST OF INDIA

New Delhi, February 21

Prime Minister Narendra Modion Monday said the Budget for2022­23 will be of great help inimplementing  the  NationalEducation Policy on the groundand asserted that the decisionto set up a National Digital Uni­versity can solve the problem ofshortage of seats in educationalinstitutions in the country.

Addressing a webinar on thepositive  impact  of  the  Budget2022­23,  Modi  said  the  budgetfocuses on fi�ve aspects relatedto  the  education  sector  ­­  uni­versalisation  of  quality  educa­tion, skill development, urbanplanning  and  design,  interna­tionalisation and AVGC (Anima­tion  Visual  Eff�ects  GamingComic).

Digital University“Digital university is an innov­ative  and  unprecedented  stepthat  has  the  potential  of  fullyaddressing  the  problem  ofseats  in  the  universities.  I  call

upon  the  Education  Ministry,UGC and AICTE and all the stake­holders to work with speed onthe  project.  I  emphasised  onthe need to keep internationalstandards in mind while creat­ing institutes,” he said.

“It  was  digital  connectivitythat  kept  the  country’s  educa­tion  system  going  during  thepandemic.  We  are  seeing  howthe  digital  divide  is  rapidlyshrinking in India. Innovationis  ensuring  inclusion  for  us.Educational  infrastructuresuch as e­Vidya, One Class, OneChannel,  Digital  Labs  and  Di­gital  University  are  going  tohelp the youth a lot,” he said.

‘Budget will help implementNational Education Policy’

Prime Minister Narendra Modi

KR SRIVATS

New Delhi, February 21

The  Delhi  High  Court  hasstayed  the  operation  of  theReserve  Bank  of  India com­munication  against  execu­tion of ₹�4,000­crore debt re­cast  of  Religare  Finvest  Ltd,the troubled NBFC arm and awholly­owned  subsidiary  ofReligare Enterprises Ltd.

The RBI had on February 11said  in  a  communicationthat the restructuring of Rel­igare  Finvest cannot  be  im­plemented  with  Religare  En­terprises  continuing  as  itspromoter since RFL has beendeclared as “fraud” exposureby lenders. 

Following  this  communic­ation, RFL had fi�led a writ pe­tition  with  Delhi  High  Court. The  Delhi  HC  has  in  its  or­der  dated  February  18  notedthat  it  prima-facie appearsthat  the  RBI  has  ignored  thevital  fact  that  the  erstwhilepromoters  of  REL  are  no

longer  in  charge  of  the  af­fairs  of  either  the  petitioneror of REL.

“In  case  the  impugned  or­der  is  not  stayed,  grave  andirreparable  prejudice  will  becaused  to  the  petitioner  asthe  banks  are  likely  to  takeprecipitative  steps  againstthe  petitioner.  It  is,  accord­ingly,  directed  that  till  thenext  date,  the  operation  ofthe  impugned  communica­tion  dated  February  11,  2022will  remain  stayed”,  theDelhi  High  Court  order  said.REL,  which  is  a  listed  entity,

on  Sunday  conveyed  to  thebourses the court stay order. 

REL  had  also  earlier  con­tested  the  lenders  decisionto  categorise  its  loans  to  RFLas  “fraud”  exposure,  arguingthat the NBFC was a victim offraud  perpetuated  by  itsformer management.

It  maybe  recalled  that  RFLis  barred  from  undertakingfresh  business  as  it  has  beenunder  a  corrective  actionplan of the RBI since January2018.  RFL  had  hit  a  roughpatch  four  years  ago  andfaced  financial  distress  dueto  alleged  misappropriationof  funds  by  erstwhile  pro­moters  Shivinder  Singh  andhis  brother  MalvinderSingh. 

Already  several  investigat­ive  agencies  of  the  govern­ment are looking into the al­leged  misappropriation  offunds to the tune of ₹� 4,000crore  by  the  erstwhilepromoters.

Religare Finvest: Delhi HC staysRBI’s order against debt recast plan

Naval might on display

Sailors and cadets man the rails of a naval ship as the Presidential Yacht passes during the Presidential Fleet Review in

Visakhapatnam on Monday. The parade also showcased the preparedness of the Indian Navy for any contingency. As part of

the Fleet Review, the President reviewed the mobile submarine column that included INS Vela, a recently-inducted

Kalvari class submarine made in India DEEPAK KR

OUR BUREAU

New Delhi, February 21

State­run NTPC on Monday saidthat  it  has  paid  the  govern­ment  an  interim  dividend  of₹�3,878.67 crore for the fi�nancialyear 2021­22. The dividend paidwas 40 per cent of the paid­upequity share capital of the com­pany. This is the 29th consecut­ive year that the genco has paiddividend.

The  total  installed  capacityof  the  company  is  67,832.30MW  with  23  coal­based,  sevengas­based, one hydro and 19 re­newable  energy  projects.  Un­der  JV,  NTPC  has  nine  coal­based, four gas­based, eight hy­dro and fi�ve renewable energyprojects.

Last week, the company saidit has achieved an all­time highgeneration  of  314.89  billionunits  (BU)  up  to  February  18,surpassing its earlier record of314 BU achieved for the entireFY21.  In  FY22  till  February  18,2021,  the  generation  stood  at270  BU,  indicating  improvedperformance  and  increased  a

demand for power in the cur­rent fi�nancial year. NTPC grouprecorded a gross generation of87.92 BU in Q3 FY22 and 264.70BU in nine months (9M) FY22 asagainst 76.53 BU and 222.41 BUduring  the  previous  corres­ponding periods of last year, re­spectively. 

NTPC’s  board  of  directorshas  approved  an  interim  di­vidend for FY22 at the rate of 40per cent of paid­up share cap­ital  at  ₹�4  per  equity  share  offace value of ₹�10 each.

NTPC pays interim dividend of ₹�3,878 crore to government

FORUM GANDHI

Mumbai, February 21

After seven quarters of profits

and growth, Shoppers Stop has

an aggressive plan to expand

with focus on private label,

omni-channel, beauty business

and expansion of stores, says

Venu Nair, MD & CEO, Shoppers

Stop.

Speaking to BusinessLine,

Nair deep dives into all four of

these “strategic pillars

of growth,” as he calls

them and shares his

views on the retail

industry.s

What’s your view

about the retail industry

today, and what are your

expectations in 2022?

The retail industry in India isstill  in  the  initial  growthphase,  and  I  will  give  you  acouple of stats to explain whyI say that.

Today,  roughly  29  per  centof India’s total retail is in theorganised  sector.  Retail  itselfis  massive  in  the  country,  Itjust  shows  the  amount  of

growth that is yet to happen.The  increase  in  the  retail  in­dustry over the last few yearsis coming in two forms; one isthe  absolute  growth  in  theGDP itself and the second partis  the  conversion  from  unor­ganised to  organised  retail.So, we believe that the next 10to 15 years will see high single­digit  to  low  double­digitgrowth  year  on  year  for  the

entire  industry.Secondly, the futureof  retail  is  Omni.While  we  have  seenhigh  carriers  fromthe  online  players,

the  absolute  percentage  ofonline as a part of the total re­tail  is  still  small,  which  willcontinue to grow.

In summary, there’s a hugemarket  which  is  yet  to  betapped  and  that  growth  willcontinue across all the chainswith Tier II and Tier III beingstronger  than  the  Tier  I  interms  of  growth  numbers.Still,  an  absolute  proportionof retail, obviously Metro andTier I, is immense.

What is Shoppers Stop’s

target in store expansion?

Our target is to open 10 to 12new department stores everyyear,  and  apart  from  the  SSBeauty stores, this year in thethird  quarter,  we  openedthree stores, and in Februarywe  have  four stores  that  aredue to open and one more inMarch/April. 

So in net, we expect to haveopen  between  8­10  stores  inFY22.  We  would  expect  to  doat least 12 to 15 stores in FY23. 

There has been a lot of focus

on growing the private

labels. Is growing private

label the way forward for

the company? 

We have a mix of national andinternational  brands.  Shop­pers  Stop,  as  a  brand,  is  fo­cused  on  the  family,  and  itcaters  to  the  middle  class.  .Our  private  brands  fi�ll  in  aspace  where  we  provide agood  product  at  attractiveprices  to  our  customers,  andincreasing  the  share  ofprivate  brands  in  our  entire

business  is  a  strategic  pillarfor  us,  and  we  are  makinggood progress on that.

What’s the current share of

your private label mix?

See a few quarters back, it wasaround 11 per cent. We are cur­rently  in  the  last  quarter  we

were at 14 per cent. Our ambi­tion  is  to  continue  its  mo­mentum and get to about 20to 25 per cent of our total mixin  the  next  3  years  (from2022).

The  absolute  percentage  ­while  it’s  important,  what  ismore  signifi�cant  is  the  off�er­ing that we can give to a cus­tomer  fi�lling  in  a  separatelifestyle that we do.

What are your plans on the

beauty business segment,

which seems to be going

strong?

Beauty is our second strategicpillar.  Private  brands,  beingthe fi�rst one which we talkedabout.  Today  17  per  cent  ofour sales come from the seg­ment. 

We  have  also  just  openedstandalone  beauty  storescalled SS Beauty.

This  is  something  we  in­tend to double down on andmultiply and open anywherebetween  10  to  15  SS  Beautyoutlets every year. 

In  the  last  quarter  alone,

we brought in 28 new brands.We’ve  set  our  target  forourselves  to  have  90  brandsfor the full fi�nancial year, andwe  are  well  on  track  toachieve that.

Are you getting into new

categories in beauty?

Arcelia  is  our  private  beautylabel that  we’re  doublingdown  on.  We  started  withBath and Body, which we hadlaunched in Q2 of last year.

In  December,  we  launchedour  fragrances  and  thismonth, we will be launchingnail  polishes  which  will  befollowed by products for lips,eyes and skin to complete theentire  makeup  portfolio byMay. So that’s the plan that wehave  for  our  own  privatebrand Arcelia which is some­thing that we will continue togrow anywhere between 200to 250 options we would haveon this as we go forward. Ourown private brand apparel iswell  established,  and  Beautyis  something  we  have  grow­ing at the moment.

Shoppers Stop and its four-pillared plan for growth

O

ZY

Our private brands fill in a

space where we provide a

good product at attractive

prices to our customers,

and increasing the share

of private brands in our

entire business is a

strategic pillar for us

VENU  NAIRMD & CEOShoppers Stop

YZ

P MANOJ

Mumbai, February 21

A joint venture led by Hydera­bad­based  Vishwa  SamudraHoldings  Pvt  Ltd  has  won  a₹�2,949.70  crore  EPC  (engin­eering, procurement and con­struction)  contract  from  theAndhra  Pradesh  governmentfor  a  new  port  atBhavanapadu  in  Srikakulamdistrict.

“We  have  issued  a  letter  ofintent  to  Vishwa  SamudraHoldings for the EPC contractfor  Bhavanapadu  port  pro­ject,”  said  K  Muralidharan,Chief  Executive  Offi�cer,  APMaritime Board. 

Visakhapatnam­based  RRConstructions Pvt Ltd is a part­ner  in  the  joint  venture  thatpipped Megha Engineering &Infrastructure  Ltd  (MEIL)  towin the EPC deal. The AndhraPradesh government plans tobuild an all­weather, deep wa­ter,  multi­purpose  port,  cost­

ing  ₹�3,670  crore  atBhavanapadu.

Vishwa  Samudra  Holdingsis  promoted  by  Chinta  Sasid­har,  a  former  managing  dir­ector  of  Krishnapatnam  PortCo  Ltd  and  the  youngest  sonof Chinta Visweswara Rao, thefounder  of  Navayuga  Engin­eering  Co  Ltd,  the  fl�ag shipcompany  ofthe CVR Group.

In April 2021,Adani  Portsand  SpecialEconomicZone  Ltd(APSEZ)bought  the  25per  cent  stakeheld by VishwaSamudra Hold­ings  in  Krish­napatnamPort Co Ltd for₹�2,800  crore.  It  previouslyheld 75 per cent it acquired inthe  port  operating  company

from  the  Navayuga  Group  inOctober 2020. Bhavanapadu isone  of  the  four  new  portsidentifi�ed by the State govern­ment to expand the port capa­city  to  400  million  tonnes(mt) by 2024 from 110 mt.

Ramayapatnam portIn  July  2021,  the  AP  Maritime

Board  awardedthe  EPC  contractfor a new port atRamayapatnamin  Prakasam  dis­trict  to  a  jointventure betweenHyderabad­based  Auro­bindo Realty andInfrastructurePvt  Ltd  andNavayuga  Engin­eering Co Ltd, for₹�2,634.65­crore.

The AP Maritime Board hasreceived  environment  andcoastal regulation zone clear­

ances  from  the  Centre  a  fewdays ago to start constructionwork  on  the  Ramayapatnamport.

The  Ramayapatnam  portwill  be  developed  in  twophases,  with  phase  I  costing₹�3,736 crore having a capacityto handle 24.91 mt of cargo ayear.  In  phase  2,  the  cargohandling  capacity  will  be  ex­panded  by  113.63  mt  with  aninvestment of ₹�6,904 crore totake  the  total  capacity  to138.54  mt  a  year  from  19berths.  After  the  EPC  work  iscompleted,  the  AP  govern­ment  plans  to  bid  out  cargohandling  operations  atRamayapatnam,Bhavanapadu and Machilipat­nam ports to specialists in thefi�eld.

The AP Maritime Board hasapplied to the Centre seekingenvironment  and  CRZ  clear­ances  for  the  Bhavanapaduport project.

Vishwa Samudra’s JV wins ₹�2,950 cr port deal in AP

WXState  govt  plans  to

build  ₹�3,670  crore

all­weather,  deep

water  port  at

Bhavanapadu.  The  AP

Maritime  Board  has

received

environment  and

coastal  regulation

zone  clearances  from

the  Centre

PRESS TRUST OF INDIA

New Delhi, February 21

The Delhi Metro Rail Corpora­tion  on  Monday  assured  theDelhi  High  Court  that  it  willdeposit  ₹�600  crore  withintwo days in an escrow accountfor  Delhi  Airport  Metro  Ex­press  Private  Limited,  whichhad  initiated  execution  pro­ceedings  against  DMRC  con­cerning  an  arbitral  award  ofover  ₹�4,600  crore  in  itsfavour.

Justice  Suresh  Kumar  Kaittook  on  record  DMRC’s  state­ment and  reserved  the  orderon the execution petition.

Senior  advocate  Parag  Tri­pathi,  representing  DMRC,initially  submitted  that  thecorporation  will  pay  ₹�600crore  in  72  hours  and  askedfor time to raise loan for pay­ing the arbitral award.

The  court,  however,  askedthe  DMRC  to  deposit  ₹�600crore within two days.

‘Delhi Metro todeposit ₹�600 cr inescrow forDAMEPL in 2 days’

................BM-BMECMYK

MUMBAI

10 BusinessLine TUESDAY • FEBRUARY 22 • 2022NEWS

OUR BUREAU

Mumbai, February 21

Life  Insurance  Corporation  ofIndia is preparing for its megainitial public off�ering, which ithopes to launch this fi�scal, saidits  Chairman,  MR  Kumar,  onMonday.

“We  are  watching  the  geo­political developments closely,but  are  keen  on  listing  inMarch,” he told media persons.

The valuation process is cur­rently  on,  said  Kumar,  addingthat policyholders have showna lot of interest in the IPO. 

Meanwhile,  the  life  insureralso wants to retain some stake

in IDBI Bank, where the govern­ment is expected to commencethe stake sale process soon.

“It  is  up  to  the  governmentand DIPAM to kick off� the exer­cise.  Since  it  was  a  strategicpartnership,  we  may  continuewith  stake  for  our  bancassur­ance,” said Kumar. 

IDBI  Bank  has  been  thelargest  contributor  to  the  in­surer’s banca channel and, go­ing  forward,  will  help  it  growthe  channel  further.  He,  how­ever,  did  not  quantify  theamount  of  stake  that  LICwould  like  to  hold  in  IDBIBank.

Centre’s stakeWhile  the  Centre  holds  45.48per cent stake in IDBI Bank, LICowns  49.24  per  cent  stake  in

the  lender  as  of  December  31,2021.

Housing finance businessKumar  said  the  stake­sale  inIDBI  Bank  will  also  determinethe  future  for  the  housing  fi�n­ance  business.  According  toLIC’s  draft  red  herring  pro­spectus, either IDBI Bank or LIC

Housing  Finance  will  have  tostop  conducting  housing  fi�n­ance  activities,  in  order  tomeet regulatory requirements. 

“The  Reserve  Bank  of  Indiahas  given  a  fi�ve­year  timeperiod till November 2023. Wewill  have  to  take  a  call  onwhether  we  want  LIC  HousingFinance to source the businessfrom  IDBI  Bank,  which  will  beallowed,” said Kumar. 

The other scenario would bethe  disinvestment  of  IDBIBank,  on  which  DIPAM  mayhave  some  announcementsoon, he said. 

On questions on the changein surplus distribution, Kumarstressed  that  there  will  be  noshortchanging  of  anyone  andpolicyholders’ interests will betaken care of.

Would like to continue holdingstake in IDBI Bank: LIC chiefMR Kumar says the

insurer is keen to

float IPO this fiscal

MR Kumar, Chairman, LIC

On standby mode

Spain's Defence Minister Margarita Robles and Bulgarian counterpart Stefan Yanev pose in front of Spanish soldiers at Graf

Ignatievo airbase near Plovdiv on Monday. Spain has deployed four fighter jets to NATO member Bulgaria. NATO allies have put

forces on standby to bolster Europe's eastern defences as tensions soar over Russia's military build-up around Ukraine AFP

TE RAJA SIMHAN

Chennai, February 21

There is a cautious optimismin the air travel industry withairline  ticket  sales  rebound­ing  in  the  four  largest  do­mestic  markets  –  India,  US,China  and  Russia  –  in  earlyFebruary,  after  the  previousweakness caused by Omicronlead  to  disruptions  in  de­mand,  capacity  and  labourforce,  said  International  AirTransport Association (IATA),a trade  association  of  globalairlines. 

As air travel increases, IATAhas  urged  countries  to  re­move  travel  barriers,  includ­ing  quarantine  and  testing,for  those  fully  vaccinatedwith  a  WHO­approved  vac­cine,  and  enabling  quarant­ine­free travel for non­vaccin­

ated  travellers  with  anegative  pre­departure  anti­gen test result. The four mar­kets  saw  their  combinedshare of total traffi�c rise sub­stantially  during  the  crisis(50 per cent of global passen­ger  numbers  in  2021  versus34  per  cent  in  2019).  Thismeans  their  recovery  fromthe  Omicron  wave  will  helpshape the industry­wide per­formance, said IATA.

Since  travellers  tend  tobook closer to the travel dateamid  pandemic  uncertainty,the  increase  in  bookingsbodes  well  for  actual  traffi�cvolumes  in  February  andMarch, said the airline body.

The  US  has  been  thestrongest  performer,  withticket  sales  for  all  futuretravel reaching 98 per cent of2019 levels in early February;India was at 60 per cent; andChina 80 per cent and Russiaat 75 per cent. 

In India and the US, Covidcases have been falling fromtheir  January  peak,  but  the

pandemic continues to escal­ate in Russia. 

The recent rise in bookingsin  three  of  the  four  key  do­mestic  markets  gives  areason  for  cautious  optim­ism  about  the  near­term  re­covery  in  global  domestictraffi�c.  However,  evidencefrom  Russia  shows  thattraffi�c improvement will notbe  broad­based  across  allmarkets, said IATA.

Domestic air travelPassengers  travelling  to  andfrom the metro capitals of In­dia can vouch that domesticair  travel  has  changeddrastically  and  perhaps  per­manently, said P Murugesan,Director, Pioneer Aero Travels

(Madras) Pvt Ltd. In the com­ing days, the demand for do­mestic fl�ights will surge, butservices  will  remain  unpre­dictable for a number of reas­ons.  But  travel  insurancepolicies  should  be  an  essen­tial pre­requisite for your do­mestic travel, he said. 

“Travel  restrictions  havehad  a  severe  impact  onpeople  and  on  economies.They  have  not,  however,stopped  the  spread  of  thevirus. And it is time for theirremoval  as  we  learn  to  liveand travel in a world that willhave  risks  of  Covid  for  theforeseeable future. 

“This means putting a stopto the singling out of the trav­elling  population  for  specialmeasures. In nearly all cases,travellers  don’t  bring  anymore risk to a market than isalready  there.  Many  govern­ments  have  recognised  thisalready and removed restric­tions. Many more need to fol­low,” said Willie Walsh, IATA’sDirector General.

‘Ticket sales rebound in India, US, China, Russia’ IATA urges

countries to

remove travel

restrictions

AIR TRAVEL

OUR BUREAU

Hyderabad, February 21

Corbevax,  Biological  E  Ltd’s(BE)  Covid  vaccine,  has  re­ceived  emergency­use  au­thorisation  (EUA)  from  theDrug  Controller  General  ofIndia  (DCGI)  for  use  in  ad­olescents aged 12 to 18 years.This is based on interim res­ults of the ongoing Phase II/III  clinical  study,  said  thecompany on Monday. 

DCGI  had  approvedCorbevax  for  restricted  usein  emergency  situation  inadults  on  December  28,2019.  “We  are  pleased  withthis  signifi�cant  develop­ment,  which  helps  extendthe  reach  of  our  vaccine  to

the  age  group  of  12  to  18years  in  our  country,”  saidMahima  Datla,  ManagingDirector,  Biological  E  Lim­ited, in a release. 

“We  truly  believe  thatwith  this  approval  we  areeven  more  closer  to  fi�nish­ing  our  global  fi�ght  againstthe  Covid­19  pandemic.Once  fully  vaccinated,  chil­dren can resume their activ­ities  and  educational  pur­suits in schools and collegeswithout any apprehension.”Last  September,  BE  received

approval to conduct a PhaseII/III  clinical  trial  onCorbevax  in  children  andadolescents  aged  5  to  18years. 

Based on the no­objectioncertifi�cate,  BE  initiated  theclinical  study  in  October2021,  and  evaluated  theavailable safety and immun­ogenicity  results  of  the  on­going  phase  II/III  study,which  indicated  that  thevaccine is “safe and immun­ogenic”, according to the re­lease. 

The  vaccine  is  admin­istered  through  an  intra­muscular  route  with  twodoses  scheduled  28  daysapart, and is stored at 2 to 8degrees’  Celsius  temperat­ure and presented as 0.5 ml(single  dose)  and  5  ml  (10doses)  vial  and  10  mL  (20doses) vial pack. 

Corbevax gets DCGI green light foremergency use in 12-18 age group

Mahima Datla, MD, Biological E

Vaccine is safe

and immunogenic,

says Biological E

AGENCE FRANCE-PRESSE

Kyiv, February 21

The  Kremlin  warnedMonday  there  are  no  con­crete  plans  for  a  summitbetween  the  Russian  andUS  leaders,  as  diplomatsscambled  to  head  off�  thethreat of a Russian invasionof Ukraine.

To avoid a warThe  idea  of  a  meetingbetween  presidents  Vladi­mir Putin and Joe Biden hasbeen  championed  byFrance  and  cautiously  wel­comed by Ukraine as a wayto  avert  a  catastrophic  warin Europe.

But  Putin’s  spokesmanDmitry  Peskov  said:  “It’spremature  to  talk  aboutany  specifi�c  plans  for  or­ganising  any  kind  of  sum­mits”,  adding  that  no  con­crete plans had been put inplace.  France’s  President

Emmanuel  Macron  calledPutin  on  Sunday  and  after­wards  his  offi�ce  said  thatboth the Russian and Bidenwere open to the idea. 

The  summit  would  goahead,  however,  only  “onthe  condition  that  Russiadoes not invade Ukraine”.

“There  is  a  diplomatichope,”  said  France’s  minis­ter  for  European  aff�airs,Clement Beaune. “If there isstill  a  chance  to  avoid  war,to  avoid  a  confrontationand  build  a  political  anddiplomatic  solution,  thenwe need to take it,” he said.

But  in  Washington,  asenior  US  administrationoffi�cial  said:  “Timing  to  bedetermined.  Format  to  bedetermined. So it’s all com­pletely notional.”

Visiting  Brussels,Ukraine’s  foreign  ministerwelcomed  the  French  ef­fort.  “We  believe  that  everyeff�ort  aimed  a  diplomaticsolution  is  worth  trying,”Dmytro  Kuleba  said  aheadof a meeting with EU coun­

terparts. “We hope that thetwo  presidents  will  walkout from the room with anagreement  about  Russiawithdrawing  its  forcesfrom Ukraine,” he said.

Defence  Minister  OleksiyReznikov said there was nosign of Russian forces with­drawing  from  the  border,and  that  Moscow­backedrebels  continue  to  shellUkrainian positions. 

“Since  the  beginning  ofthis  day,  as  of  09:00,  14  at­tacks  have  already  been  re­corded  ,  13  of  them  fromweapons  prohibited  by  theMinsk agreements,” he toldreporters in Kyiv.

“One  of  our  soldiers  waswounded,” he said.

Russia  annexed  theUkrainian region of Crimeain  2014  and  Moscow­backed  separatists  hold  anenclave  in  the  eastern  dis­tracts  of  Lugansk  andDonetsk.

In  recent  weeks,  accord­ing  to  US  intelligence,  Mo­scow  has  massed  more

than  150,000  troops  andsailors  around  Ukraine’sborders  in  Belarus,  Russia,Crimea and the Black Sea.

Invasion of UkraineBiden has said that US intel­ligence  believes  that  Putinhas  made  a  decision  to  in­vade Ukraine and that com­manders are readying unitsto attack within days.

Russia  has  long  deniedthis,  but  state  media  ac­cuses  Kyiv  of  preparing  amurderous  assault  againstthe  rebel  enclave,  and  hasstarted evacuating civiliansfrom the area.

Kyiv  and  Washington  ac­cuse  the  Russians  of  plot­ting  a  false  fl�ag  operationto fake Ukrainian atrocitiesin  order  to  serve  as  a  pre­text for an all out assault.

Meanwhile,  Ukraine  andRussia  continue  to  blameeach  other  for  a  spike  inshellings  on  the  front  lineseparating  Kyiv's  forcesfrom  Moscow­backedseparatists.

There is diplomatic

hope, says France

No plans for summit with Biden over Ukraine: Russia

KR SRIVATS

New Delhi, February 21

The  spate  of  governance  fail­ures  at  the  country’s  largestbourse  National  Stock  Ex­change — made public by SEBIon February 11 — was “unlikelyto  signifi�cantly  damage”  theequity markets, nor will it endup  disturbing  foreign  portfo­lio investors’ interest in India,said  M  Damodaran,  formerSEBI  Chairman,  and  Chair­man, Excellence Enablers.

A new dispensation Participating  in  BusinessLineKnowledge Series webinar on‘NSE’s  Himalayan  Scam’,Damodaran,  who  left  SEBI  14years  ago,  asserted  that  for­eign investors are “intelligentenough”  to  understand  thatthere  is  now  a  new  dispensa­tion in the exchange and sev­eral corrective steps have beentaken in recent years, after theexit  of  the  scam­taintedformer  MD  &  CEO,  ChitraRamkrishna,  in  December

2016.  “Some  of  them  (foreigninvestors) would have alreadytried  to  fi�gure  out  what  NSEhas done to address the issuesat  that  time.  Retail  Indian  in­vestors  anyway  seem  to  becoming to the market in largenumbers,” he said.

Damodaran  said  that  hewas “disagreeably shocked” atthe  revelation  in  the  latestSEBI order, and said that whathappened  at  NSE  till  the  year2016  were  not  lapses,  butmuch more than that. Damod­aran highlighted the practiceof  packing  a  board  with

people  who  had  distin­guished  themselves  in  thepast — having ‘fl�ower vase’ dir­ectors that grace boardroomswill not help. 

“You  need  people  who  canperform in your board. Publicinterest  directors  in  NSE  didnot clearly do what was expec­ted of them. You cannot have asystem  of  peaceful  coexist­ence between board and man­agement. This NSE case seemsto be a matter of peaceful co­existence,” he said.

He  highlighted  that  NSE’sreputation has been damagedby the recent unravelling, andthat the current NSE manage­ment should be more commu­nicative  so  as  to  “signal  to  amuch  larger  audience”  as  tohow  the  situation  has  im­proved,  and  thereby  bringmore  investor  confi�dence  inthem.

“You  think  the  rest  of  theworld  is  happy  that  NSE  hasgrown  to  become  the  largestderivatives  exchange  in  the

world.  They  are  not  happy.They would like body blows tobe administered to such insti­tutions that threaten the oncefamous  institutions  in  thisarea. 

“Therefore,  we  need  to  ad­dress  the  reputational  dam­age.  There  is  clearly  somereputational  damage.  I  don’tthink it is going to go away. Tothe  extent  possible,  you  needto  fi�x  it  very  quickly.  There  isno  escape,”  he  said.  He  also

said  that  SEBI  needs  to  ask  it­self if it has the right numberof people and the right kind ofpeople in three areas — surveil­lance,  investigation  and  en­forcement. SEBI is not a regu­lator  that  only  has  to  policethe market, it has to focus ondeveloping the market as wellbesides  regulating  themarket.

“SEBI  must  arm  itself  withthe right kind of people withright experience and skill sets

to  be  on  top  of  the  job”,  hesaid.  Damodaran  said  therewas a need for a system whereyoung  qualifi�ed  people  canget  attracted  andgive the kind of en­ergy  levels  that  anorganisation needs.“If  energy  levels  inan organisation aresapped,  it  does  notmatter  what  kindof  expertise  lies  init,” he said.

Damodaran  also  high­lighted that the same two per­sons  (Chitra  Ramkrishna  andRavi  Narain)  had  run  NSE  fornearly two decades, leading toconcentration  of  power.  Thisshould not have been allowedand  ensured  that  it  is  notrepeated. 

J N  Gupta,  Founder  andManaging Director, Stakehold­ers  Empowerment  Services,  aproxy  advisory  fi�rm,  sugges­ted that there is a need to keepSEBI  away  from  the  appoint­ment of public interest direct­

ors (PIDs) in stock exchanges.He felt that PIDs should be ap­pointed  by  a  third  party.Gupta’s contention was that if

SEBI  were  to  ap­point  PIDs  and  ifsome  governancefailures were to oc­cur  due  to  lapsesof  PIDs,  then  itcould  always  beargued  that  SEBIwas  equally  re­sponsible  for  the

situation  as  it  had  appointedthe PIDs.

‘World-class exchanges’Gupta  also  felt  that  it  wouldnot  be  right  to  painteverything black and pointedout that NSE had in recent dec­ades grown to be a large insti­tution. 

“Our  exchanges  are  world­class. Systems we have are bet­ter than the NYSE. We have tolearn  to  distinguish  betweenindividuals and institutions.”

He also highlighted the cul­

ture  aspect  which  preventedboard members — who mostlyowed their existence in boardsto  company  promoters  —from being vocal or raising is­sues at boardrooms. 

Except for one or two cases,one  rarely  saw  independentdirectors  or  other  nomineedirectors  coming  out  to  talkor  convey  the  governancelapses  of  their  companies  inwhich  they  are  performingtheir  role  as  directors,  henoted.  If  the  identity  of  anysuch whistleblower is known,then  they  would  fi�nd  it  diffi�­cult to get a board seat in theremaining  listed  companiesuniverse, he added.

BusinessLine EditorRaghuvir  Srinivasan  moder­ated  the  webinar,  which  alsosaw  the  participation  ofLokeshwarri  SK,  Associate  Ed­itor, and Palak Shah, Senior As­sistant  Editor,  BusinessLine.You  can  watch the  webinarthrough  the  linkbit.ly/3LMQD2S.

‘NSE scam unlikely to end up disturbing foreign portfolio investors’ interest in India’

Clockwise from top left: Palak Shah, Senior Assistant Editor,

BusinessLine; Raghuvir Srinivasan, Editor, BusinessLine;

M Damodaran, former SEBI Chairman; J N Gupta, Founder and

Managing Director, Stakeholders Empowerment Services; and

Lokeshwarri SK, Associate Editor, BusinessLine, at the webinar

REUTERS

Sydney, February 21

Australia, on Monday, fully re­opened  its  international  bor­ders  to  travellers  vaccinatedagainst  Coronavirus  afternearly two years of pandemic­related closings as tourists re­turned  and  hundreds  ofpeople  were  reunited  withfamily and friends.

More than 50 internationalfl�ights will reach the countrythrough the day, including 27touching  down  in  Sydney,  itslargest city, as the tourism andhospitality  sectors  look  to  re­build after getting hammeredby Covid restrictions.

‘An exciting day’“It  is  a  very  exciting  day,  onethat  I  have  been  looking  for­ward to for a long time, fromthe  day  that  I  fi�rst  shut  thatborder right at the start of thepandemic,” said Prime Minis­ter  Scott  Morrison  in  the  is­land state of Tasmania, whichrelies heavily on tourism.

Airports  witnessed  emo­tional  reunions,  including

that  of  SueWitton,  who  hadnot  seen  her  son  Simon  fortwo years.

“Seven  hundred  andtwenty­four  days  apart  and  itmeans the world to me. I don’twant  to  let  him  go,  it’s  justbeautiful.  Thank  you  for  hav­ing me back. I’m just so grate­ful, so, so grateful,” she told re­porters  at  the  Melbourneairport.

Tourism is one of Australia’sbiggest  industries,  worthmore  than  A$60  billion  ($43billion) and employing about

5 per  cent  of  the  country’sworkforce. But the sector wascrippled  after  the  countryshut  its  borders  in  March2020.

“It is a party out here, musicplaying,  smiles  on  people’sfaces,  they  will  be  dancingsoon, I’m sure,” Tourism Min­ister  Dan  Tehan  told  broad­caster  ABC  from  Sydney  air­port  as  he  gave  travellers  giftjars  of  Vegemite,  an  iconicAustralian  condiment,  andstuff�ed koala toys.

Tehan  said  he  was  hopeful

for  a  very  strong  rebound  inthe  tourism  market,  withQantas  looking  to  fl�y  morethan  14,000  passengers  intoAustralia  this  week.  VirginAustralia  said  it  was  seeingpositive  trends  in  domesticbookings and continued to as­sess demand for internationalfl�ights.

Pay disputesAll  trains  in  Sydney,  mean­while,  were  cancelled  onMonday  after  pay  disputesbetween  the  union  and  thestate  government,  takingsome shine off� the reopening.

Once a champion of Covid­suppression  strategy,  Aus­tralia  shifted  away  from  itsfortress­style  controls  and  re­lentless  lockdowns  since  latelast  year  and  began  livingwith  the  virus  after  reachinghigher  vaccination  levels.Skilled  migrants,  interna­tional students and backpack­ers  have  been  allowed  to  fl�yinto  Australia  since  Novem­ber  in  a  staggered  reopeningexercise.

Australia fully reopens borders, welcomes tourists

A man hugs his granddaughter upon arriving at the

Sydney International Airport on Monday AFP

................BM-BMECMYK

Company Prev Close Open High Low Qty 52 WH 52 WL PE BSE Cl Company Prev Close Open High Low Qty 52 WH 52 WL PE BSE Cl Company Prev Close Open High Low Qty 52 WH 52 WL PE BSE Cl Company Prev Close Open High Low Qty 52 WH 52 WL PE BSE Cl

Kalp.Pwr [2] 389.05 403.35 392.00 410.00 390.85 2887.14 495.95 338.00 16 403.10Kaly.Inv 1731.40 1679.40 1771.45 1771.45 1670.00 0.58 2436.05 1400.00 29 1686.15Kaly.Stl [5] 293.30 286.15 294.75 295.55 285.05 35.86 465.55 284.95 5 286.85KalyanJewelr 62.30 60.45 62.00 62.55 60.00 938.77 89.75 56.30 - - Kamat Htl 62.55 60.70 64.20 67.40 60.00 2319.98 75.75 27.00 - 60.75Kamdhenu 229.50 225.95 229.85 229.85 222.10 28.76 280.00 119.65 19 226.00Kanor.Chem [5] 136.70 131.80 136.70 136.70 131.05 4.51 219.70 80.15 23 132.50KanpurPlastc 129.65 129.45 129.00 132.85 123.80 24.55 307.00 120.00 - - Kansai Ner [1] 494.65 491.75 494.00 494.65 481.00 389.53 674.15 470.75 56 490.80Karn.Bk 62.55 61.10 61.10 62.30 60.60 1470.98 81.80 51.55 5 61.00Karur vys bk [2] 51.90 50.40 51.50 51.75 50.10 1519.34 64.50 38.40 7 50.45Kaveri Seed [2] 510.55 511.80 502.35 529.80 490.20 218.83 815.85 468.55 14 511.25KAYA Ltd 399.90 377.75 399.90 401.30 375.10 22.81 575.00 232.50 - 377.85KBCGlobal 16.20 15.70 16.10 16.45 15.55 1303.29 194.35 15.25 - - KCP [1] 117.90 113.00 117.90 118.00 112.00 386.33 168.95 73.25 10 113.25KCP Sug [1] 24.65 23.75 24.30 24.65 23.50 312.19 33.40 15.75 - - KDDL Ltd 949.80 905.75 958.90 958.90 893.35 10.08 1189.60 250.00 68 911.50KEC Intl [2] 466.75 469.95 461.10 472.00 454.45 132.12 550.00 368.00 19 469.65Keertknw&Skl 18.70 17.80 18.00 18.65 17.80 11.49 31.90 16.10 - - KEI Ind [2] 996.40 996.10 996.40 1013.95 981.75 192.21 1264.00 450.00 26 996.25Kellton Tech [5] 90.15 85.95 88.00 89.50 85.65 810.33 134.95 39.25 70 85.95KennametlInd 1912.30 1891.70 1942.30 1942.30 1867.55 8.59 2037.80 897.10 - - Kesoram In 59.55 56.90 59.10 59.30 56.30 388.21 90.18 55.45 4 56.95Kewal Clo 201.85 195.20 200.55 203.60 194.60 67.98 299.00 153.40 18 195.10KeynotFinSer 151.80 140.15 149.95 159.95 137.60 164.46 160.65 51.35 - - KhadimIndia 260.95 249.10 254.10 257.90 244.00 32.63 358.90 125.50 29 250.40KhatnChm&Fer 106.25 100.25 106.25 106.25 98.60 221.65 129.85 20.35 - - Kingfa S&T 1203.40 1197.20 1221.45 1236.65 1169.80 6.76 1622.75 535.20 51 1195.80KIOCL 222.65 210.10 222.00 222.00 208.25 37.60 318.50 134.20 41 210.15Kiri Ind 481.50 466.25 476.25 480.30 464.15 114.21 678.70 405.00 148 466.90Kirl.Bros [2] 320.05 312.15 320.10 322.10 310.00 36.82 504.75 150.65 25 312.40Kirl.Elec 23.15 22.00 23.05 23.05 22.00 91.96 100.80 26.95 4 - Kirl.Ind 1464.45 1446.45 1426.00 1472.65 1426.00 1.56 1975.00 1173.65 24 1442.80Kirl.Oil [2] 139.75 133.60 138.60 138.95 131.55 137.83 277.80 131.80 12 133.55KirloskarFer 200.15 199.70 195.70 202.45 195.50 109.08 314.00 147.75 - - Kitex [1] 238.70 231.20 238.00 242.90 229.60 526.84 284.05 91.75 16 231.30KM Sug [2] 29.80 28.15 29.85 29.90 27.65 604.67 39.15 10.62 6 27.90KNR Con [2] 313.15 315.95 313.00 319.20 305.85 761.03 343.55 189.30 27 315.90Kokuyo [1] 60.60 60.80 60.10 61.70 59.80 81.94 79.85 52.20 - 61.00KoltePatil 272.90 275.10 272.90 290.00 266.10 751.48 360.00 207.00 - 275.20Kopran 284.25 274.55 284.55 285.95 273.00 109.82 369.35 99.80 105 273.65Kot.Mah.Bk [5] 1826.55 1827.10 1808.00 1851.30 1802.10 1343.91 2252.45 1627.25 48 1826.35Kothari Pet [5] 86.05 84.85 85.00 91.70 81.60 284.30 0.15 0.05 - - Kothari Pro 97.65 94.20 98.60 98.60 94.00 10.32 137.40 57.55 7 94.05Kothari Sug 35.90 34.15 36.55 36.55 34.00 342.56 15.85 4.45 - - Kovai Medi 1643.40 1605.05 1623.40 1650.55 1600.00 1.89 1920.00 1050.00 16 1607.15KPIGlobalInf 432.55 410.95 421.05 424.35 410.95 103.23 522.75 116.30 - - Kpit Tech 561.25 540.60 552.30 558.75 531.10 1310.51 801.00 130.25 - - KPR Mill [1] 647.95 660.30 646.00 674.00 626.15 469.24 771.80 177.02 33 660.35KRBL [1] 196.20 195.35 195.00 198.90 190.05 1373.07 337.45 173.45 9 194.65Krebs Bio 149.90 155.70 151.90 172.75 150.00 154.36 227.95 82.50 - 155.65KrisnaInsMed 1310.20 1221.15 1324.00 1324.00 1215.00 176.81 1565.00 937.55 - - KrisnaPhoscm 207.85 191.70 207.70 207.70 187.35 21.15 248.85 80.00 - - KritiIndust 109.90 112.25 111.60 128.00 109.15 417.66 146.00 97.00 - - KrsnaaDiagns 602.95 590.05 597.00 601.75 580.05 54.18 1099.70 580.05 - - KSB 1077.10 1063.15 1065.95 1088.00 1060.00 7.40 1411.00 654.10 - - KuantumPaper 77.90 75.65 77.00 78.15 75.00 43.64 108.00 49.75 - -

L . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .L&T [2] 1883.10 1863.95 1874.95 1883.90 1848.85 1262.59 2078.20 1306.40 39 1863.05L&T Fin Hld 71.35 69.95 70.70 72.15 69.75 5169.71 113.40 68.80 - 70.05L&TInfotech [1] 5860.65 5861.30 5850.00 5920.00 5738.80 129.52 7595.25 3525.95 48 5857.50L&TTechSer [2] 4444.95 4365.75 4420.00 4426.75 4269.05 264.16 5958.10 2402.20 53 4365.95La Opala [2] 352.45 345.00 352.20 357.50 340.00 121.55 487.00 201.10 43 345.35LagnamSpintx 95.45 92.65 93.05 95.65 92.00 48.49 111.80 44.55 - - LakFinIndCor 104.95 99.45 105.80 105.80 98.75 3.96 219.25 68.00 - - LambodText [5] 95.60 91.20 97.00 97.00 90.30 18.86 129.90 42.30 5 91.75LasaSuperGen 49.95 48.05 49.50 50.15 47.55 120.23 92.90 46.05 - 48.00LatntViewAnl 476.45 452.10 476.00 476.00 450.05 717.84 754.90 450.05 - - LaurusLabs [2] 552.05 539.70 551.00 552.75 538.00 1504.08 723.55 334.00 35 541.30LaxmiCotspin 24.45 24.85 24.50 25.00 23.75 10.33 34.85 20.75 - - LaxmiOrgInd 425.60 415.45 420.10 428.00 414.00 557.96 628.00 143.25 - - LemonTreeHot 50.85 52.10 50.50 54.10 49.2012838.18 59.90 27.50 - 52.10LG Balakri 628.40 597.50 628.35 638.00 590.05 72.01 735.55 282.00 9 598.75LibasDesigns 29.90 29.05 28.80 30.35 28.00 254.95 76.40 24.50 - - Liberty Sh 149.95 145.20 145.15 147.85 144.50 50.95 215.50 116.50 26 145.20LICHsgFin [2] 374.60 372.60 373.80 379.35 369.80 2277.43 542.35 329.70 13 372.35LikhithaInfr 317.60 310.05 317.00 317.75 307.65 20.33 480.00 265.50 - - LINC 282.90 314.10 285.85 339.45 268.35 131.20 339.45 139.30 - - Lincoln Phar 314.30 305.40 309.20 317.85 301.00 74.34 414.75 219.00 9 307.45Linde Ind 2704.10 2971.35 2692.30 3005.00 2646.00 1254.39 3004.45 1323.10 98 2966.75LMW 10252.55 10102.00 10118.80 10396.60 10010.00 8.21 11750.00 5894.00 73 10102.95Lok.Mach 75.00 72.70 74.60 74.60 71.60 94.44 88.25 30.05 22 72.60LT Ovrseas [1] 66.15 64.55 66.10 66.95 64.00 803.35 90.40 50.50 19 64.65Lumax tech [2] 179.10 178.10 176.20 182.90 170.25 111.19 209.45 128.10 20 175.80Lumx Ind 1097.70 1087.60 1089.55 1103.50 1060.90 4.55 1820.00 1017.85 24 1084.80Lupin [2] 767.75 760.75 761.80 766.40 752.85 1027.44 1267.50 691.70 211 761.05Lux Indust. [2] 2702.75 2558.80 2696.00 2702.80 2542.00 56.83 4641.50 1617.55 21 2560.70

M. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .M&M [5] 852.00 841.10 845.20 850.50 832.00 2255.75 978.90 725.00 26 841.00M&M Fin [2] 155.45 153.40 153.80 156.45 152.25 4703.12 220.55 138.00 35 153.45Maan Alum 119.70 114.95 119.50 119.50 113.35 26.40 230.00 66.93 8 114.40MacpowerCNC 216.00 213.80 212.10 220.80 210.90 12.38 279.70 82.00 - - MacrotecDeve 1270.40 1268.05 1245.00 1282.05 1243.45 258.60 1539.00 422.60 - - Madhav 51.20 51.35 51.00 51.90 50.50 15.09 75.90 42.45 15 51.75MadhavCopper 31.25 30.50 32.00 32.55 29.75 50.80 107.00 29.45 - - MadyaBharat 250.00 245.60 250.00 257.50 243.50 15.05 294.00 127.10 - - MagadhSug&En 294.40 282.15 286.40 293.45 281.00 28.33 386.35 95.00 11 282.65Magn.Ven 12.20 11.60 11.60 11.80 11.60 43.27 16.40 4.12 3 11.61Mah.Cie.Auto 200.45 194.00 198.65 201.15 191.25 125.02 311.65 148.30 58 194.05Mah.Holi 209.70 215.40 209.25 223.80 207.05 1328.29 267.00 126.93 33 216.70Mah.Life 309.60 311.10 305.00 321.00 292.25 466.22 348.00 152.10 - 310.20Mah.Scoot 3705.80 3658.45 3651.00 3700.00 3535.00 3.44 5023.35 3300.00 29 3661.10Mah.Seam [5] 522.50 514.70 516.95 524.50 502.15 62.50 593.55 265.75 9 512.40MahalaxmiRub 148.60 141.20 141.20 141.20 141.20 3.16 170.60 65.20 - - MahangrGas 768.50 763.30 766.00 775.00 757.05 334.61 1284.45 757.25 11 762.85MahaSteelInd 77.40 74.05 78.00 79.70 71.95 21.00 120.80 71.25 25 75.05MaheswariLog 81.95 79.00 83.00 83.45 78.50 26.17 140.40 73.30 - - MahindEPCIrr 105.80 103.85 104.80 109.00 102.10 45.07 178.20 101.95 - - MahindraLog 421.00 432.85 418.00 441.40 410.60 634.56 819.15 405.70 122 434.70Maithan 1143.90 1091.75 1140.10 1145.50 1070.20 110.19 1255.15 530.00 5 1088.95Mallcom(Ind) 800.35 834.75 745.50 960.40 745.50 2.55 1079.85 701.55 - - Malu Paper 31.80 30.30 31.50 31.50 30.10 16.43 43.80 24.30 - 30.25Man Ind [5] 91.95 89.05 91.90 91.90 88.50 134.40 147.15 71.60 5 89.05Man Infr [2] 112.00 108.85 111.00 113.50 106.20 561.55 134.45 23.33 33 108.65Manaksia [2] 75.70 73.05 75.15 75.75 72.85 68.76 90.95 48.20 54 73.00ManakSteel [1] 38.95 37.85 38.10 39.50 37.10 51.78 55.00 19.85 9 38.10Manali Pet [5] 100.30 94.10 103.00 103.45 90.30 428.48 138.50 46.55 4 94.85Manap.Fin [2] 121.60 119.05 121.70 122.70 117.25 9110.79 224.40 117.30 7 118.95Mang.Cem 374.55 352.60 381.00 381.00 351.00 24.24 543.00 251.65 10 353.15Mang.Chem 74.90 72.00 74.50 75.45 71.25 72.08 101.00 62.65 9 72.30Mang.Drug 120.65 117.20 120.55 121.85 116.20 13.94 196.50 91.00 12 117.45MangalamGlob 168.05 165.90 170.00 170.00 160.00 78.09 170.00 38.25 - - MangalamOrga 876.25 865.10 885.00 899.95 860.10 14.67 1299.00 798.60 - - Manugrph [2] 17.00 16.20 17.70 17.70 16.15 23.83 22.95 10.00 - 16.20Maral Over 90.90 86.45 90.00 92.95 86.40 45.32 138.00 25.60 5 86.35MarathNxtge[5] 103.65 102.00 102.65 103.20 100.60 24.17 128.45 42.25 - 101.30Marico Ltd [1] 504.75 507.25 504.00 508.90 499.00 1505.28 606.00 379.05 58 507.35Marksans [1] 51.05 49.65 51.00 51.80 49.05 1077.76 97.50 48.75 19 49.65Maruti [5] 8569.10 8612.70 8544.05 8724.25 8443.60 626.05 9022.00 6301.20 84 8611.95MASFinServ 601.50 574.90 595.00 598.90 567.00 52.65 985.00 469.05 21 576.05Mastek [5] 2609.65 2614.30 2627.00 2636.75 2560.80 64.90 3666.00 1125.00 138 2612.25MatrimCom [5] 753.15 736.15 753.15 757.50 725.00 12.59 1242.00 723.65 31 735.20Maw.Sug 117.90 104.35 119.20 121.90 103.00 1031.30 128.90 34.00 9 105.00MaxFinancial [2] 853.05 842.70 852.00 856.00 831.75 319.35 1147.90 818.45 162 842.60MaxHealthCre 370.65 366.95 369.10 375.70 364.40 1168.98 458.05 178.00 - - MaxIndia 76.15 75.55 76.15 76.20 75.50 58.40 84.50 60.05 - - MaxVent&Ind 108.50 106.35 106.55 109.00 104.70 106.81 157.95 51.10 - 106.75Mayur Uniq [5] 473.15 458.95 475.90 478.95 454.20 158.09 635.00 376.60 20 458.65MazagonDock 253.20 249.30 251.40 254.00 247.15 167.87 321.00 191.85 - - Mazda Ltd 544.15 525.85 545.30 548.95 522.25 5.30 753.70 414.00 13 526.70MBL Infra 29.50 28.05 28.50 28.80 28.05 151.27 43.65 16.05 - 28.00McL.Rusl [5] 24.90 23.65 25.10 25.10 23.20 317.93 43.35 18.00 - 23.60MCX 1401.95 1376.15 1395.00 1409.90 1371.25 350.38 2134.90 1336.55 59 1378.25MedicamenBio 669.75 641.20 659.70 684.45 625.50 13.70 1019.80 539.55 - - MedplsHealth 1025.60 988.50 1006.00 1025.00 980.00 140.49 1343.00 980.00 - - MegaStarFood 131.05 137.60 137.60 137.60 137.60 48.64 137.60 110.20 - - MeghManiFine 839.85 806.70 832.00 839.00 802.00 44.05 1038.05 650.00 - - MeghmaniOrga 98.80 95.15 99.70 99.70 94.60 632.65 149.70 81.10 - - MenonBear [1] 85.75 83.35 83.05 87.60 82.20 94.27 113.10 49.60 19 83.35MEP Infra 23.80 23.20 23.10 24.50 22.75 339.88 32.10 14.95 - 23.15MetroBrands 554.40 548.75 550.00 560.00 540.00 136.52 673.00 426.00 - - Metrpolhelth [2] 2000.50 1976.10 1982.00 2023.75 1925.10 478.57 3579.00 1846.50 48 1973.80MFL 33.05 31.35 32.35 32.80 31.20 154.23 24.70 12.15 - - Minda Corp [2] 194.90 191.50 194.90 196.35 186.10 644.98 213.80 89.85 37 191.30Minda Ind [2] 974.00 935.40 945.10 966.00 920.20 926.25 1260.00 460.00 132 937.65MindTree 3797.00 3847.95 3796.00 3871.75 3715.00 562.33 5059.15 1539.85 42 3845.85Mirc Ele [1] 22.65 21.65 22.70 22.95 21.55 711.24 34.90 11.16 - 21.65Mirza [2] 157.25 153.70 156.00 163.90 150.00 1933.69 174.20 42.95 21 153.55MishDhatuNig 175.65 171.10 175.90 176.50 169.00 131.79 221.80 170.00 19 171.40MM Forg 777.85 772.30 757.10 817.70 741.30 68.54 968.95 433.45 16 765.70MMPIndustris 159.80 162.45 155.65 168.95 155.00 62.56 198.90 77.60 - - MMTC [1] 48.40 46.55 48.00 48.30 46.25 3655.72 64.80 30.10 - 46.60ModisonMetal 74.55 70.35 74.95 74.95 69.00 61.93 104.90 52.05 - - Mohit Ind 17.25 16.15 16.00 18.30 16.00 55.00 22.05 6.20 11 16.30MOIL 176.75 171.25 174.00 174.90 170.10 798.68 208.00 135.25 11 171.20MokshOrnamnt 23.50 22.35 23.05 24.15 22.35 538.63 123.85 20.35 - - Mold-TekPac [5] 709.85 699.70 696.60 705.65 690.00 42.12 862.15 342.00 32 697.35Mold-TekTec [2] 75.10 71.65 75.00 75.00 70.10 20.42 107.95 32.00 17 71.80MonarchNetwr 180.45 169.25 180.50 181.00 166.10 70.69 189.55 136.25 - - Monte Carlo 533.30 516.30 530.10 530.15 510.15 27.04 728.65 208.70 11 516.85Morepan [2] 43.25 40.75 43.00 43.00 39.05 1327.45 75.00 28.00 20 40.80Most.Fin [1] 933.50 888.40 920.50 929.95 881.00 96.97 1188.00 568.25 16 890.30Moth.Sumi [1] 158.40 156.80 158.00 159.50 153.5510099.50 226.67 153.55 49 156.75MphasiS 3021.95 3064.90 2980.00 3082.95 2947.70 502.35 3659.75 1399.30 46 3061.60MPS 627.10 614.60 627.10 627.20 606.95 8.18 805.00 424.95 16 614.00MRF 65638.95 64734.65 65574.90 65574.90 64602.35 10.51 94000.00 64600.00 34 64752.80Mro-Tek [5] 59.40 58.35 56.50 58.80 55.00 2.97 79.25 23.60 1 57.25MRPL 42.70 41.90 43.00 43.10 41.60 918.60 57.75 35.30 8 41.90MrsBectrFood 336.50 328.55 336.00 338.30 326.05 87.74 464.10 326.05 - - MSP Stl 12.85 12.10 13.00 13.45 11.80 2760.02 18.90 7.00 - 12.08MSTC 342.75 327.00 339.50 341.70 325.00 342.21 542.00 247.15 - - MT Edu 9.80 9.40 10.00 10.00 9.35 150.14 14.30 6.22 - 9.39MTARTech 1901.45 1834.35 1889.00 1894.00 1825.00 131.22 2563.30 860.00 - - MTNL 24.55 23.70 24.00 24.70 23.25 1673.05 40.85 11.85 - 23.70Mukand 127.85 124.15 126.00 127.50 122.00 40.64 166.50 55.15 6 123.50Mukta Ar [5] 43.30 42.00 43.30 43.45 41.50 13.21 65.35 25.60 30 42.05Munj.Auto [2] 48.90 47.25 47.55 48.95 46.80 92.80 72.80 46.80 19 47.20Munj.Showa [2] 117.15 114.00 117.20 118.75 112.70 24.37 174.60 108.90 42 114.00Murd.Cera 28.70 26.55 29.25 29.25 26.30 123.76 35.70 18.00 21 26.65MusicBrdcast 24.05 23.80 24.00 24.10 23.60 197.61 29.60 22.15 - - Muthoot Cap 306.10 290.35 309.95 309.95 289.90 19.45 495.50 280.00 - 290.55MuthootFinan 1324.05 1321.85 1318.00 1347.95 1308.50 948.24 1722.55 1120.45 13 1324.35

N . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .NACLInd [1] 81.50 79.30 80.10 82.20 78.80 76.19 104.65 35.30 22 79.10NagaDhunseri 1296.95 1263.65 1348.00 1348.00 1215.00 0.11 2175.00 680.50 - - NagarjunFert[1] 12.55 12.35 12.55 12.65 12.15 720.83 20.67 4.91 - 12.38Nagrk.Cap [5] 12.20 12.15 11.70 12.80 11.70 7.77 19.07 5.24 - 12.99Nagrk.Exp [5] 39.80 39.45 41.75 41.75 37.85 31.96 52.65 14.90 4 39.60Nah.Cap [5] 482.35 452.85 482.00 482.00 450.00 25.06 588.60 85.50 22 452.10Nah.Ind 164.80 157.15 164.50 164.50 152.80 130.12 199.15 38.05 4 157.20Nah.Poly [5] 407.35 386.10 407.00 422.00 381.00 111.09 475.00 82.05 14 384.75NALCO [5] 115.15 111.65 114.50 115.50 110.9517871.73 128.30 50.80 7 111.55Nalwa Son 1630.65 1598.45 1665.00 1690.60 1570.00 1.70 2165.55 947.35 14 1601.65Nandan Den 139.05 135.35 134.35 139.00 133.00 63.51 172.50 28.00 10 135.60NandaniCreat 73.45 75.30 74.90 77.10 71.55 4.71 110.35 45.15 - - NarayaHru 656.60 637.85 659.90 660.00 633.05 284.97 679.15 380.05 156 637.20Natco Phr [2] 871.00 866.85 862.00 881.70 861.00 112.56 1188.95 779.00 61 866.65Nath Bio-Gen 229.15 219.75 228.90 231.90 218.95 37.34 474.70 218.40 7 220.05Natl Build [1] 41.30 40.05 41.00 41.35 39.90 6257.68 59.80 35.60 30 40.00Natl Fert 49.55 48.20 48.60 49.25 47.90 280.81 73.75 37.50 42 48.15Nava.B.Ve [2] 127.80 122.20 125.55 126.50 121.05 304.32 144.20 57.75 5 122.30Navin Flu [2] 3857.95 3817.95 3855.00 3928.25 3772.00 316.00 4339.00 2337.80 73 3820.75Navkar Corp 35.55 34.10 35.30 35.50 32.75 477.89 54.70 30.50 11 34.15Navneet Ed [2] 87.85 85.20 88.60 88.80 84.90 137.38 121.55 72.30 18 85.05NazaraTech 1961.15 1875.80 1959.00 1959.00 1867.05 54.89 3356.00 1432.00 - - NBI.IndFinCo 2144.20 2252.85 2070.00 2350.00 2070.00 0.19 3200.00 1625.45 - - NCC [2] 65.50 63.60 65.00 65.25 62.50 3910.17 98.45 62.50 11 63.70NCL Ind 182.45 178.20 185.00 185.00 178.00 136.47 304.80 151.60 7 178.45NDRAutoCompo 408.65 414.35 422.25 427.80 407.40 11.64 499.90 178.20 - - NDTV [4] 164.65 162.40 169.90 174.00 160.75 343.82 185.75 46.95 18 162.45NECaryCorp 20.70 19.75 20.60 21.60 19.50 220.73 29.40 7.00 17 19.70Nect.Life [1] 30.15 29.05 30.00 30.35 28.75 374.96 48.40 18.50 - 29.05Nelcast [2] 76.05 74.15 75.60 76.00 73.95 41.89 100.00 61.00 46 74.10Nelco 707.90 677.90 704.75 707.60 675.10 52.01 968.55 178.85 140 679.45NeogenChem 1550.40 1578.15 1543.25 1590.95 1523.30 53.36 1930.00 757.20 - - Nesco [2] 559.85 550.70 559.85 564.15 548.05 19.09 697.00 463.50 22 551.65NestleIndia 18009.30 18106.10 17977.00 18160.00 17825.00 37.04 20599.95 15900.00 92 18090.45Netwk 18 [5] 83.10 82.15 85.00 85.00 81.35 784.07 115.00 34.55 - 82.15Neuland 1123.85 1090.70 1100.00 1116.25 1080.05 32.68 2840.00 1070.15 24 1090.35NewgenSwTech 548.90 531.70 540.00 545.00 529.70 70.23 754.70 271.70 25 531.85NHPC 29.95 30.05 30.10 30.15 29.75 3801.09 37.00 23.10 9 30.05NIIT [2] 438.40 435.60 430.50 441.25 425.10 671.46 507.00 136.50 72 435.50Nila Infras [1] 7.00 6.80 6.90 7.00 6.70 516.77 10.56 4.10 - 6.87Nilkamal 2206.95 2169.10 2170.00 2206.00 2155.25 2.92 3174.00 1754.00 40 2170.00Nippo Bat [5] 449.10 428.10 445.00 447.55 425.00 6.54 641.23 322.50 17 428.25NipponLIAM 313.35 303.95 313.00 313.75 302.05 449.28 476.45 302.05 - - NirajCement 31.55 30.25 31.80 31.80 29.70 15.62 55.90 29.10 - - Nitco 29.15 27.75 29.60 29.60 27.70 92.66 42.75 17.40 - 27.85NitirajEngg 65.10 65.10 68.00 69.10 65.10 1.08 82.80 38.20 - - NLC India 63.55 61.30 63.50 63.95 61.00 2418.48 80.00 46.25 6 61.40NMDC Ltd [1] 142.15 140.05 141.00 143.40 139.65 4899.10 213.15 117.50 4 140.00Nocil 210.20 207.25 210.00 211.00 204.15 389.34 321.00 157.50 24 206.90Noida Toll 7.75 7.10 7.65 7.70 7.05 354.09 10.33 5.13 - 7.17NovartisInd 703.55 677.15 700.00 700.55 676.30 13.87 850.00 676.30 - -

20 Micron [5] 77.20 74.10 76.00 77.55 73.25 141.87 108.25 29.25 9 74.3521stCentMgmt 33.95 33.30 33.30 33.30 33.30 0.42 63.45 11.63 - 33.453IInfotech 62.15 59.05 62.00 63.40 59.05 753.82 119.30 52.60 - - 3m India 21640.45 22156.30 21700.00 22240.85 21500.05 3.56 30975.00 20828.20 110 22117.005PaisaCap 361.65 349.90 367.00 367.00 344.30 27.17 577.40 237.60 63 350.60

A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .A2Z InfraEng 9.65 9.20 9.65 10.00 9.20 690.53 14.15 3.55 - 9.17AareyDrgs&Ph 44.00 42.80 43.30 44.80 42.70 37.99 64.35 31.15 - - AaronIndust 122.00 119.20 124.65 124.65 118.00 0.87 151.55 45.05 - - Aarti Drug 498.40 493.25 497.40 497.40 491.60 102.23 841.40 485.10 24 493.05Aarti Ind [5] 957.95 935.30 952.35 960.80 932.00 661.99 1168.40 591.33 28 935.55AartiSurfact 864.90 827.45 861.00 874.00 825.00 8.80 1887.00 786.00 - - Aarvee Den 26.55 26.25 26.55 27.35 25.25 26.34 33.30 16.55 - 26.45AarviEncon 90.85 88.85 91.70 91.70 88.20 10.59 104.00 41.95 - - AavasFinance 3068.50 3017.20 3068.50 3068.50 2964.00 59.73 3336.95 2108.90 72 3015.35AB Money [1] 66.00 64.05 66.20 66.20 63.00 70.55 88.50 38.00 16 63.95Aban Off [2] 47.20 47.20 45.20 51.50 44.90 159.05 74.90 27.95 - 46.50ABB [2] 2065.65 2101.10 2046.00 2118.90 2025.00 375.44 2469.60 1300.00 103 2100.35AbbottIndia 16379.15 16292.30 16379.15 16763.00 16180.00 29.53 23902.30 14250.00 47 16297.25ABBPowerPro 3105.35 3121.95 3148.00 3150.00 3045.00 83.41 3430.00 1265.30 - - ABCapital 112.35 107.60 111.00 112.90 107.00 4859.23 139.60 96.40 76 107.75ABMInternat 100.85 95.25 100.85 101.30 91.90 2.88 160.00 85.55 - - ACC 2181.15 2184.90 2178.70 2205.25 2151.00 291.11 2587.95 1686.75 22 2183.70AccelyaKal 985.10 977.45 985.10 988.90 959.55 15.73 1535.00 837.00 25 976.20AcrysilLtd 713.20 710.70 694.10 719.80 690.15 48.27 927.90 286.00 - - Action Con [2] 225.15 225.10 220.00 226.85 217.15 380.96 291.55 139.65 25 224.90AcuracyShipg 245.80 247.05 248.95 252.00 240.00 65.46 258.90 47.55 - - Adani Ent [1] 1736.30 1685.20 1738.80 1738.80 1671.30 1449.29 1908.55 769.10 260 1684.35Adani Ports [2] 727.50 711.10 722.70 726.75 709.55 2805.79 901.00 638.00 107 711.10Adani Pwr 131.60 120.15 132.00 134.65 117.8577582.26 167.05 54.90 - 120.00Adani Trans. 1958.10 1895.90 1960.00 1980.00 1870.00 62.79 2150.00 688.55 - 1893.95AdaniGreenEn 2041.85 1955.90 2041.00 2041.00 1941.00 466.50 2128.90 860.20 1863 1955.05AdaniWilmar 354.30 327.60 351.90 356.60 325.2014932.71 419.90 227.00 - - ADF Foods 787.35 746.45 784.00 787.40 735.00 13.89 1049.00 700.00 35 747.95AditBirSunLf 510.15 510.15 506.50 523.25 502.50 156.45 722.90 499.25 - - AdityaBirFas 272.35 268.30 270.00 274.20 266.20 1739.66 318.55 163.30 - 268.15Ador Weld 681.80 654.90 672.00 719.80 650.30 9.94 852.10 289.00 22 655.15AdvancedEnz[2] 297.10 288.75 297.00 297.00 281.80 174.26 503.00 282.70 58 288.85Advani Hot [2] 96.45 94.15 101.85 102.00 92.55 1769.72 108.20 48.00 - 94.10Aegis Log [1] 219.25 211.80 216.25 218.45 210.90 329.38 394.40 191.90 16 211.80Affle(India) [2] 1200.15 1227.55 1175.10 1250.00 1160.00 531.31 1510.15 768.00 303 1226.35Agarwal Inds 523.90 511.85 523.90 534.00 507.55 56.78 624.95 130.35 19 512.90AgriTech Ind 73.30 80.60 74.00 80.60 73.30 133.62 79.40 30.50 - 79.40Agro Tech 889.45 886.30 892.45 898.15 871.30 2.57 1149.75 750.10 105 884.85AgroPhosInd 22.65 21.70 22.10 23.90 21.55 60.36 34.30 10.45 - - AGSTransTech 124.20 113.40 124.20 124.75 112.00 835.24 181.85 112.00 - - AhladaEnggrs 119.95 114.15 122.40 122.40 110.70 32.08 248.00 65.70 - - Ahluwalia [2] 395.75 385.60 395.00 399.70 380.90 8.32 483.95 270.00 17 385.95AIA Engg [2] 1784.35 1772.65 1766.20 1783.85 1745.00 88.30 2220.00 1745.65 32 1772.20AIRAN 22.50 21.60 22.25 22.55 21.50 202.50 35.95 15.05 - - AIRO LAM 71.30 67.90 72.75 74.65 63.35 16.52 90.10 52.00 - - Ajanta Phr [2] 1973.30 1919.05 1900.00 1950.00 1900.00 45.90 2420.00 1652.95 22 1916.20Ajmera 391.45 372.15 391.45 391.45 371.90 35.98 496.00 97.00 35 373.40AjooniBiotec 67.10 62.60 65.00 65.65 61.55 113.51 85.85 41.90 - - AKGEximLtd 42.15 40.30 40.05 41.45 40.05 2.96 112.70 21.00 - - Aksh Opti [5] 12.30 11.80 12.00 12.25 11.80 615.41 15.89 5.29 - 11.84AksharChem 387.45 370.65 380.05 384.00 367.00 12.21 613.50 223.10 16 370.60Akzo 1938.90 1928.25 1945.00 1964.00 1922.00 19.22 2475.05 1862.15 30 1926.25Alankit [1] 15.50 15.25 15.40 15.55 14.95 394.08 27.15 11.50 - 15.25AlbertDavid 573.45 545.55 564.00 570.15 544.00 11.00 738.40 371.45 8 546.25Alembic [2] 91.80 88.30 91.80 92.40 88.00 149.87 143.30 88.05 27 88.35Alembic Ph [2] 700.20 691.90 699.00 700.00 684.30 235.03 1090.00 683.25 18 691.80Alicon [5] 815.15 801.65 818.00 839.45 791.75 16.14 998.75 390.00 72 798.70AlkemLabs [2] 3325.35 3320.70 3325.35 3348.50 3273.15 62.43 4067.70 2544.25 22 3320.20Alkyl Amine [2] 3091.70 3012.05 3010.10 3075.00 3000.40 50.14 4740.00 1980.00 57 3011.75Allcargo [2] 350.75 345.10 344.00 351.00 336.00 320.71 412.00 121.25 29 343.65Allied Dig [5] 113.60 109.90 109.70 113.60 108.00 207.42 176.00 37.55 - 109.90Allsec 556.60 540.85 555.50 563.75 535.15 23.09 748.60 289.00 9 540.00Alm.Global [6] 110.70 102.20 116.95 116.95 99.95 75.27 155.20 26.00 64 103.05AlokIndus 26.95 25.85 26.80 26.85 25.7514216.77 35.80 18.70 - - Alpha Lab 77.80 71.55 79.00 79.00 70.35 129.42 108.95 34.95 10 71.70Alphageo 311.15 301.70 315.40 319.90 298.75 24.89 511.00 174.80 8 302.20Amararaja [1] 595.95 594.00 591.00 603.35 588.05 635.99 929.00 568.75 17 594.05AmberEntp(I) 3333.25 3267.80 3322.20 3344.95 3243.35 35.04 3932.10 2685.00 144 3272.55AmbigaAgar 30.25 27.80 30.30 31.15 27.25 149.24 44.40 12.00 11 27.85Ambika Cot 2536.55 2495.85 2510.05 2547.40 2445.00 26.42 2829.00 846.00 9 2481.00AmbujaCeme[2] 338.35 338.55 334.20 341.30 331.25 5812.60 442.95 261.10 32 339.00AMD Ind 50.70 49.30 50.00 51.60 47.30 179.86 59.90 16.45 15 49.15AmiOrganics 914.40 889.85 910.00 912.00 883.00 82.78 1434.45 841.00 - - AMJLandHold[2] 30.25 29.75 29.60 30.90 29.25 24.53 42.50 21.25 - 30.00Amrutanjan [1] 798.35 780.75 786.00 795.60 770.00 21.58 1025.55 481.90 36 779.50AnandRathiWe 566.20 563.20 559.80 568.15 556.00 81.39 654.00 542.60 - - Anant Raj [2] 73.10 72.25 72.10 75.65 70.50 789.48 85.95 44.60 48 72.30AnantrajGlob 40.55 39.65 40.55 40.80 38.40 1280.93 60.75 25.20 - - Andhar Sug [2] 144.80 134.05 143.90 144.00 131.10 746.52 170.70 57.12 14 134.50Andhra Cem 14.85 14.25 14.60 14.75 13.90 351.09 37.40 5.13 - 14.25AndhraPaper 222.20 218.90 215.60 221.60 215.60 19.27 283.70 203.65 - - AndrewYuleCo 23.70 22.80 23.90 23.90 22.65 114.76 29.70 21.55 - - AngelOne 1299.05 1324.95 1295.00 1338.05 1287.90 579.48 1689.00 286.35 - - Anik Ind 29.20 27.95 29.00 29.60 27.75 23.84 39.40 10.82 10 28.20AnjPortCemen 282.25 270.30 282.25 282.25 270.00 21.69 531.00 197.75 12 271.00AnmolIndia 238.85 230.10 241.75 246.00 227.20 381.50 246.00 135.00 - - Ansal Pro [5] 16.85 16.10 16.80 17.20 16.05 297.19 18.35 5.45 - 16.05AntnyWastHdg 291.55 283.00 291.55 291.55 282.05 79.43 455.00 241.00 - - AnupamRasayn 916.35 872.15 920.00 920.00 860.10 85.52 1107.55 474.00 - - Apar Ind 652.70 633.30 655.00 655.00 625.50 51.24 868.45 434.00 12 635.85Apcotex Ind [2] 354.35 345.50 345.05 351.15 343.10 15.19 460.00 168.70 20 345.10ApexFznFoods 288.65 278.45 288.35 291.40 276.60 75.60 435.20 200.00 21 277.85APL Apl [2] 830.45 829.25 819.95 835.45 810.00 185.55 1113.65 466.00 90 829.15Apollo Hsp [5] 4471.55 4426.65 4471.00 4524.95 4390.65 392.25 5930.70 2789.00 100 4427.45ApolloPipes 472.40 453.20 472.40 472.40 450.20 59.92 2000.00 450.20 - - ApolloSindo 801.10 794.05 793.40 801.00 788.00 0.67 1069.70 505.00 - - ApolloTyr [1] 207.80 203.20 207.15 207.75 202.50 3624.52 261.20 197.85 30 203.10Aptech 315.00 314.60 311.00 323.00 301.50 185.49 447.95 184.15 62 314.80AptusValHsg 355.25 349.30 353.00 354.50 346.15 355.45 394.90 278.60 - - Archidply 46.80 46.15 46.80 48.85 45.50 28.67 61.55 27.95 16 46.35Archies [2] 19.10 18.75 19.05 19.40 18.50 70.19 30.00 9.40 - 18.85Aries Agro 141.70 136.85 139.25 143.20 136.50 28.57 193.75 74.70 8 136.85ArihantSuper 181.15 174.10 179.50 180.70 172.20 214.26 206.00 33.05 16 174.10ArihntCapMkt 348.95 335.80 350.00 363.95 334.00 151.87 363.95 111.25 - - ArmanFinServ 780.90 779.50 783.60 827.65 760.55 9.50 1135.00 514.50 73 767.80AroGranite 59.65 56.75 59.65 60.45 55.55 144.17 87.00 36.70 7 56.70ArowGreenTec 108.25 102.85 106.25 108.25 102.85 15.77 179.85 64.25 - 102.55Arshiya [2] 37.65 37.65 38.40 40.30 36.65 1124.45 47.40 25.00 - 37.80ArtemsMedSvc 43.25 41.55 43.25 43.25 41.00 57.40 412.80 32.05 - - ArveeLabsInd 82.05 76.60 80.60 80.60 73.80 2.77 108.00 43.55 - - Arvind 127.20 124.75 124.60 129.40 123.35 638.52 158.65 58.95 12 124.85ArvindFash [4] 287.40 279.00 285.00 287.20 276.00 210.44 364.00 123.20 - 278.20ArvindSmart 205.45 199.35 202.50 205.50 194.55 46.49 258.10 82.55 23 199.65Asahi India [1] 508.60 489.45 500.00 506.05 481.05 175.49 612.70 276.75 39 489.15Asahi Song 259.00 259.45 257.00 262.70 256.05 4.17 442.65 255.00 12 260.10Ashapura [2] 107.75 101.90 107.00 107.00 100.00 90.30 176.30 89.40 81 101.85Ashiana [2] 165.15 159.90 162.25 166.00 157.55 88.93 209.95 105.90 - 159.00Ashima 15.80 15.05 15.80 15.80 15.00 109.83 23.30 13.01 - 15.00Ashok Ley [1] 126.50 124.90 126.50 126.85 123.1011749.84 153.40 106.20 - 124.80Ashoka Bld [5] 97.05 93.25 97.85 97.85 91.00 637.92 125.00 78.40 7 93.30Asian Gran 110.95 107.25 111.00 111.35 105.00 208.19 211.29 106.65 7 107.15Asian Htl-E 208.50 201.45 217.40 217.40 201.10 9.58 239.00 140.00 50 199.40Asian Htl-N 83.00 80.35 83.30 87.00 79.30 149.13 105.80 56.10 - 80.85Asian Paints [1] 3258.45 3251.65 3235.00 3278.45 3204.15 547.47 3588.05 2261.45 102 3248.60AsianEnrgSvc 118.45 117.45 115.60 125.00 115.60 84.63 173.00 115.60 - - Aspinwall&Co 186.90 177.25 181.60 185.00 162.60 18.89 268.30 135.00 - - AssoAlchohol 445.50 434.00 438.05 444.95 430.00 37.65 653.65 340.00 - - Aster Life 1618.95 1585.30 1610.00 1625.00 1565.00 29.69 1842.65 986.85 44 1584.40AsterDMHealt 189.85 182.75 186.30 187.55 182.00 270.62 237.25 132.55 - 182.70Astra Mic [2] 202.85 198.35 198.50 206.75 196.00 274.21 290.55 108.00 34 198.20Astral Poly [1] 1814.25 1821.35 1800.00 1844.40 1783.05 603.96 2525.00 1411.70 85 1821.35AstraZen [2] 2698.50 2656.65 2700.00 2707.40 2635.55 9.47 4580.00 2635.60 109 2653.30AstronPaper 44.05 42.20 44.05 44.80 42.05 66.75 74.40 35.00 13 42.25Atul 9217.60 9203.85 9200.00 9259.90 9000.00 26.8010975.40 6286.00 43 9198.30Atul Auto [5] 182.35 178.70 182.45 182.80 178.05 35.64 270.00 162.60 - 178.65Aurionpro 301.75 313.15 310.00 316.80 302.25 85.14 390.40 79.05 30 314.05AurobindoPh [1] 657.00 639.05 655.00 657.60 637.45 1978.94 1063.75 590.25 25 639.80AurumProptec 127.70 121.35 125.15 125.95 121.35 154.44 223.20 70.80 - - AUSmallFinBk 1261.10 1262.05 1261.10 1276.85 1243.55 486.53 1420.65 910.00 42 1261.80Ausom 71.95 67.15 70.00 72.75 66.20 21.86 118.15 44.00 42 66.40Auto Axl 1473.10 1465.25 1480.50 1480.50 1450.15 5.30 1650.00 945.00 36 1461.85AvadSug&Egy 569.75 529.60 557.00 568.00 524.90 141.96 684.30 175.00 8 530.45Avanti Feeds [1] 543.20 537.70 540.90 542.95 530.00 87.48 675.00 411.85 38 541.30AvenuSupmart 4073.10 4096.60 4048.00 4170.00 3990.00 480.54 5899.90 2677.00 168 4092.50AVT Natl [1] 92.90 89.15 93.00 93.70 88.00 325.26 109.95 41.60 20 89.30Axis Bank [2] 787.40 788.85 783.55 796.80 776.10 5635.22 866.60 626.40 21 788.70AYM Syntex 120.25 114.10 122.00 122.00 111.00 29.80 158.50 41.00 10 114.45

B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .BafnaPharma 151.95 144.30 166.90 166.90 137.00 77.86 196.10 113.30 - - Bajaj Auto 3632.15 3579.50 3624.15 3637.95 3567.35 344.33 4347.95 3028.35 21 3578.65Bajaj Elect [2] 1184.45 1174.50 1168.00 1180.00 1161.75 32.36 1588.55 895.30 77 1174.30Bajaj Hind [1] 14.40 13.90 14.15 14.60 13.80 4107.98 24.75 5.20 - 13.90Bajaj Hld 5363.30 5352.90 5265.00 5377.00 5211.20 21.21 5654.00 3145.00 37 5347.70BajajConCare[1] 172.90 166.95 171.95 171.95 165.10 279.45 323.50 162.35 13 166.90BajajFin [2] 7030.10 7006.35 7000.00 7080.90 6911.00 816.66 8043.50 4361.60 81 7006.10BajajFinserv [5] 16096.55 16012.25 16038.00 16238.15 15780.00 227.59 19319.95 8962.20 442 16004.05BajajHealth 377.70 362.55 372.70 380.65 357.10 67.69 496.30 290.90 - - Bal Phr 110.45 104.30 110.45 112.65 103.00 30.56 148.50 50.45 15 104.50Balaji Amn [2] 3005.75 2861.65 2975.75 2975.75 2850.00 105.94 5220.00 1553.85 30 2863.10Balaji Tele [2] 81.60 74.70 80.15 81.80 73.80 471.77 88.95 51.00 - 74.75BalaxiVentre 440.55 420.15 444.00 448.00 412.05 1.21 747.00 392.20 - - Balkrishna [2] 1976.45 1943.45 1963.00 1980.00 1894.35 755.99 2724.40 1516.80 27 1946.05BalmerLaw 127.60 123.35 129.70 129.70 122.00 317.55 170.95 111.75 14 123.50Balrampur [1] 401.10 393.00 399.00 403.65 390.40 1642.82 459.25 165.80 17 392.95Ban.Amn.Sp [5] 78.30 75.05 79.00 80.50 74.10 277.35 100.60 37.47 8 75.15Ban.Amn.Sug 2520.50 2445.75 2550.00 2550.00 2387.40 2.15 3049.05 1510.00 40 2464.70Banar.Beads 93.65 88.25 92.25 94.35 86.70 27.63 116.00 44.20 22 88.35Banco Ind [2] 158.30 148.75 155.00 158.00 147.00 141.76 225.00 137.70 11 148.50BandhanBank 319.35 314.00 319.00 321.30 312.30 4287.79 371.15 229.65 - 314.20Bang Over 36.05 34.40 36.05 36.05 33.40 14.61 54.85 25.00 12 34.35BankofBarod[2] 105.35 103.75 105.35 106.10 102.8040170.26 118.85 61.80 12 103.80Bans.Syn 229.00 217.75 231.25 231.25 214.50 58.25 318.00 82.20 9 216.75BarbequeNatn 1342.65 1295.95 1322.00 1355.40 1280.00 33.80 1945.95 481.85 - - BASF 2751.80 2742.90 2751.00 2810.90 2712.90 102.20 3926.95 1876.95 24 2741.75Bata India [5] 1920.50 1888.30 1915.00 1920.50 1867.95 324.90 2261.65 1265.00 360 1888.20Bayer Crop 4466.60 4383.60 4480.00 4497.25 4371.40 46.25 6127.45 4371.00 39 4386.90Beardsell [2] 15.70 14.95 14.95 16.45 14.95 319.35 23.50 7.99 - 15.00Bedmutha 74.85 72.40 74.80 74.95 72.00 20.92 93.80 20.05 1 72.10BEL [1] 200.00 198.15 198.00 201.85 196.85 3490.30 227.95 115.90 19 198.10BEML 1669.45 1536.95 1640.00 1646.00 1520.00 392.58 2084.00 953.00 40 1537.15BergrPaintIn [1] 737.80 726.65 736.45 738.95 725.05 373.94 872.00 675.00 95 727.15BestAgrolife 955.70 958.65 931.15 990.00 920.00 127.87 1407.80 202.35 - - BF Inv [5] 312.85 301.30 314.40 314.40 300.00 13.11 445.95 260.00 34 301.75BF Util [5] 371.75 359.70 371.40 373.65 357.50 118.35 538.95 227.40 - 359.75BGR Engy 85.20 81.85 83.95 84.85 80.75 189.68 124.50 41.10 - 81.65Bhageria Ind [5] 237.70 230.45 238.00 238.55 227.55 30.50 328.55 146.25 14 227.35BhagiradaChm 1062.40 1027.25 1040.00 1074.00 1021.30 1.18 1130.00 719.15 - - BhagngrInd [2] 47.70 46.50 47.30 47.35 45.80 21.47 65.00 32.85 - 46.50BhagyangrPr [2] 32.70 31.05 32.05 32.20 30.40 20.71 39.90 24.60 - 31.00Bhans.Eng [1] 132.00 137.35 129.20 139.70 127.10 751.67 221.80 125.50 5 137.35Bharat Bij 1774.20 1760.80 1750.00 1771.85 1710.90 14.98 2169.00 1068.00 18 1755.85Bharat For [2] 694.15 684.40 693.00 698.90 677.00 1604.94 848.00 555.60 32 684.60Bharat Gea 156.70 150.45 156.70 160.80 149.90 47.23 190.20 65.80 8 150.95Bharat Ras 12333.30 11900.35 12319.00 12319.00 11850.00 1.96 15100.00 9206.00 31 11912.75Bharat Wire 76.95 73.20 76.10 76.10 73.15 24.75 87.00 33.50 14 73.30BharatDynamc 472.70 459.70 468.00 472.00 455.10 330.81 535.70 321.50 17 460.15Bharti Air [5] 712.55 709.95 708.05 716.55 703.00 4307.43 781.90 490.15 - 709.80Bharti Infr 261.60 264.30 258.00 267.25 257.00 12.32 383.00 131.05 28 264.15BHEL [2] 53.40 50.50 53.00 53.40 50.2044296.86 79.50 39.10 - 50.55BigBlocCons [2] 78.15 79.50 78.00 82.00 76.00 156.18 92.50 15.44 65 79.40Biocon [5] 392.70 387.50 390.40 392.20 385.00 1125.93 424.10 314.90 - 387.40BioflChm&Pha 66.95 65.70 65.15 67.65 64.45 22.21 107.00 55.00 - 65.60BirlaCable 126.20 118.80 126.65 128.00 117.20 204.06 144.45 54.00 20 118.90BirlaCorp 1124.85 1114.25 1124.85 1142.00 1101.05 127.33 1649.00 753.55 23 1113.65Birlasoft 426.70 412.90 424.95 424.95 407.60 2951.14 585.85 215.90 - - BirlaTyres 23.10 22.65 23.10 23.45 22.05 155.13 31.95 21.00 - - Bk of Ind 52.55 51.35 52.55 52.55 51.00 3767.42 90.10 48.80 7 51.40Bk of Mah 18.95 18.65 18.95 19.05 18.60 3040.45 31.95 17.25 13 18.65BL Kash [1] 24.05 24.05 24.10 24.65 23.30 161.73 33.00 13.60 14 24.00BlackBox 877.50 817.00 880.00 895.00 805.00 89.73 1750.00 768.10 - - Bliss GVS [1] 85.95 77.80 85.95 87.10 76.95 2046.43 190.00 77.00 10 77.85BLSIntlServ [1] 224.50 214.70 216.30 224.45 213.70 111.07 309.25 81.00 - 214.60Blue Dart 6477.15 6277.75 6449.00 6449.00 6186.55 16.14 7499.00 4170.00 42 6280.75BlueStar [2] 1048.70 1060.50 1025.00 1072.00 1025.00 269.24 1134.90 701.00 76 1062.05Bodal Chem [2] 106.10 103.35 105.00 106.90 102.95 222.57 150.00 66.85 10 103.15Bomay Bur [2] 1008.10 986.80 1008.10 1012.70 980.00 45.60 1424.40 980.00 - 985.75Bombay Dye [2] 109.75 103.90 108.00 109.45 102.00 3340.34 129.80 64.50 - 103.60Bombay Ray 7.60 7.35 7.50 7.60 7.35 478.67 13.31 5.60 - 7.39BombySuprHyb 346.90 333.20 337.05 358.00 327.60 3.33 484.00 129.35 - - BorosilRenew 595.30 582.60 580.05 594.80 575.00 361.84 747.90 213.25 - - Bosch 15856.00 15787.00 15850.00 15882.20 15580.15 16.25 19244.50 13230.00 34 15801.30BPCL 373.15 368.75 373.00 373.00 365.05 3103.77 503.00 356.80 6 368.95BPL 61.95 58.00 61.00 61.90 57.65 155.59 176.65 19.00 - 57.90BrandConcept 70.75 74.05 74.25 74.25 71.55 103.62 82.15 53.25 - - Brigade 494.25 496.00 489.10 499.90 482.30 227.04 542.90 230.90 34 495.95Britannia [1] 3481.65 3475.25 3431.10 3500.00 3430.00 138.29 4152.05 3317.90 54 3471.30Brooks Lab 89.45 83.75 88.25 90.45 81.50 41.01 155.00 49.95 - 84.05BSE 2262.80 2163.65 2258.00 2258.00 2151.00 1239.97 2373.70 535.50 - - BSL 102.65 98.30 104.00 104.00 97.60 13.82 134.80 29.50 8 98.55BtrflyGandhi 1284.40 1378.45 1304.00 1389.90 1255.00 765.85 1399.15 478.00 56 1377.40

C . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Cadila HC [1] 376.55 371.15 375.00 377.00 369.25 1582.48 673.70 369.45 34 371.10Calif.SW 44.05 41.85 43.50 43.50 41.85 62.55 52.80 7.87 10 41.95Camlin Fine [1] 138.60 130.15 135.00 136.85 128.35 247.77 230.80 116.30 - 130.10Canara Bk 238.25 232.95 237.55 240.40 232.1513817.28 272.80 124.35 7 233.05CanFinHom [2] 599.50 592.50 595.55 606.85 585.85 464.56 721.25 468.10 18 592.95Cantabil 914.05 884.70 934.00 934.00 872.60 28.62 961.15 346.30 39 884.40CapaciteInfr 140.10 134.15 143.55 143.55 132.20 242.72 251.05 123.70 16 134.55

CapitalTrust 116.60 113.65 120.00 120.00 112.60 7.03 153.85 70.60 - 113.25Caplin Point [2] 768.10 749.65 770.00 770.00 745.85 66.53 1034.00 402.00 30 749.10CapriGlo [2] 591.25 589.80 599.50 600.00 585.00 470.50 629.95 335.00 72 591.30CARE 531.30 518.45 526.00 526.00 510.25 60.41 791.15 410.00 20 518.10CarrerPnt 117.15 113.15 116.95 117.40 112.80 26.43 184.40 112.55 20 113.00CartradeTech 588.00 562.30 580.00 582.85 560.00 345.96 1618.00 560.00 - - CastrolIndia [5] 115.15 113.65 115.15 115.25 113.50 539.53 154.90 112.95 15 113.70CCL Prd [2] 456.90 459.15 456.10 469.90 452.70 402.05 514.90 225.00 38 459.05Ceat 1027.60 1012.35 1033.80 1033.95 1007.20 34.84 1683.25 1005.00 22 1011.80CEEBCO 42.05 41.10 42.00 45.00 40.50 308.08 59.50 14.60 32 40.95CEInfoSystem 1431.00 1387.45 1430.00 1430.00 1384.55 213.71 1917.40 1267.05 - - Cent Enka 532.80 508.10 522.00 525.00 505.30 103.22 638.95 233.10 6 508.10Cent.Bk 20.05 19.70 19.95 20.15 19.65 2298.22 29.65 15.80 - 19.75Cent.Elec 461.30 441.80 455.90 455.90 433.90 13.36 659.20 350.00 - 440.30Cent.Ext [1] 11.60 11.00 11.50 11.85 10.60 351.73 15.77 3.86 - 11.00Cent.Ply [1] 599.70 594.35 600.00 606.95 581.20 158.08 714.95 282.80 42 593.40Cent.Txt 796.75 785.55 794.95 803.15 775.30 304.34 1025.00 434.60 58 785.65CentDepoSer 1468.10 1408.45 1476.00 1482.35 1400.00 767.65 1734.40 565.50 - - CentrumCap [1] 29.20 28.05 29.15 29.15 27.90 349.24 58.50 22.00 - 28.05Cera San [5] 4254.05 4146.20 4164.35 4198.95 4111.05 9.58 6430.45 3589.05 38 4151.65Cereb.Int 84.25 82.20 83.70 86.55 81.40 478.46 99.00 46.55 37 82.45CESC [1] 79.85 78.40 79.00 80.00 77.55 1632.15 102.45 57.50 13 78.35CGPowr&InS [2] 177.15 170.30 177.00 177.00 168.30 1129.38 209.05 53.50 26 169.05ChaletHotels 251.85 282.75 250.00 302.00 250.00 8572.91 301.40 125.05 - 283.75ChamanLalSat 94.00 91.70 94.00 94.00 90.50 35.50 155.00 89.25 - - Chamb.Frt 383.40 372.50 382.00 382.00 370.20 836.48 485.00 207.30 12 372.40ChembondChem 189.05 183.40 190.90 190.90 176.00 14.92 251.15 120.00 60 179.15ChemconSpecl 316.10 303.35 313.00 314.45 302.20 64.60 569.40 302.20 - - ChemfabAlkal 188.00 180.15 186.15 187.55 177.35 24.98 239.00 115.00 - - ChemplastSan 523.15 500.25 518.00 520.50 495.05 537.36 826.00 492.00 - - CholaFin [2] 673.10 674.15 670.00 681.95 660.60 1251.31 698.20 466.80 33 674.00CholamandFn[1] 665.00 669.45 663.35 674.50 645.40 19.33 763.05 545.00 245 668.60Cigniti Tech 520.35 515.05 507.30 528.80 505.85 101.17 677.00 310.60 34 517.15Cineline Ind [5] 106.20 101.75 106.00 106.75 100.85 40.59 131.30 27.50 - 101.95Cinevistaas [2] 13.75 13.90 13.75 14.05 13.20 42.78 24.48 5.70 - 13.80Cipla [2] 909.10 907.25 903.10 913.70 896.00 1860.04 1005.00 738.25 27 905.95CitiUn Bk [1] 128.85 127.80 127.60 129.70 126.20 1262.57 189.60 126.20 14 127.65Clari.Chm 488.55 488.10 487.05 489.50 487.05 35.56 642.20 365.05 30 487.70CleanSci&Tec 2013.25 1936.70 2000.05 2007.55 1920.00 122.94 2705.00 1422.10 - - CLEducateLt [5] 125.50 125.00 129.85 137.95 122.00 309.17 137.00 32.10 - 121.90CMSInfoSystm 244.85 240.80 242.05 246.70 235.00 914.05 317.45 215.10 - - Coal India 167.30 161.20 163.15 163.50 159.8514870.90 203.85 123.45 10 161.20CoastalCorpn 366.00 352.15 369.00 369.00 345.55 41.39 564.50 237.75 - - CochinShip 313.00 307.60 308.95 309.95 305.10 144.93 433.75 305.25 8 307.65CoffeeDayEnt 62.05 58.30 61.90 61.90 57.65 2965.69 86.70 23.25 - 58.45COFORGE 4320.45 4412.90 4300.00 4510.00 4240.00 479.56 6135.00 2300.00 - - Colgate [1] 1410.45 1410.90 1410.45 1417.65 1393.55 307.11 1823.00 1375.55 36 1410.85CompuageInf[2] 34.55 32.40 33.80 34.25 31.90 544.27 47.20 14.30 9 32.45ComputerAge 2445.30 2417.70 2430.00 2440.00 2391.00 241.71 4067.40 1701.00 - - Con.FinHld 204.10 191.00 200.00 203.90 185.70 42.43 78.40 26.55 - - Concor [5] 593.60 588.55 590.10 597.75 584.00 760.16 754.10 528.05 46 588.25ConfdnPetIn [1] 73.05 71.00 73.20 73.30 70.50 414.09 95.40 37.20 21 71.00ControlPrint 358.20 362.50 353.00 375.00 350.30 121.78 444.80 219.35 16 361.95CoralIndFin [2] 40.70 38.90 40.70 40.70 38.60 49.99 58.50 19.05 9 39.00Cords Cab 56.85 52.30 56.05 56.65 51.35 57.95 83.40 38.00 10 52.35Corom.Intl [1] 803.65 786.40 803.00 803.00 783.00 259.29 955.95 709.55 17 787.40Cosmo Film 1648.20 1598.05 1629.10 1648.00 1584.00 40.14 1888.00 467.15 10 1604.40CPCL 105.30 103.20 105.25 106.35 102.50 317.33 151.80 93.00 3 103.10CraftsmnAuto 2088.60 2021.80 2046.85 2053.95 2005.60 4.77 2778.00 1245.00 - - CrdtacsGramn 709.25 695.50 697.15 708.50 680.05 47.94 807.55 495.30 36 695.60CreatPer&Dis[5] 4.00 3.80 3.85 3.85 3.80 14.53 6.14 2.57 - 3.84CreatPer&Dis 590.70 561.60 599.80 607.00 561.20 19.15 743.95 83.90 - - Crisil [1] 2869.25 2785.15 2825.00 2857.45 2750.25 19.56 3496.00 1742.35 46 2786.30CromGreCon [2] 391.30 392.30 389.15 394.60 381.50 1569.99 512.05 350.35 37 393.75CrownLifters 28.55 27.25 29.40 29.60 27.15 23.75 38.65 25.85 - - CSBBank 232.50 220.40 236.90 236.90 217.05 364.12 372.95 219.70 10 220.70CubexTub 27.00 25.75 27.00 27.00 25.65 9.71 38.85 15.55 17 25.90CUMI [1] 871.10 865.05 860.00 876.65 848.65 811.88 1033.95 438.55 64 865.20CumminsInd [2] 974.80 970.65 966.50 979.45 955.25 330.92 1065.00 720.85 34 970.90Cupid Ltd 214.95 211.80 214.00 214.15 210.25 22.98 272.00 202.00 14 212.50Cybertech 176.95 169.20 176.10 177.00 167.65 141.97 245.70 113.00 56 169.10CYIENT Ltd [5] 872.25 849.25 858.00 863.55 837.05 282.51 1292.00 598.00 29 849.05

D . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .D P WIRES 320.50 315.15 325.00 329.90 307.65 6.77 385.80 101.30 - - Dabur [1] 547.80 553.60 545.45 554.90 541.70 1157.10 658.75 483.00 68 553.45Dalm.B.Sug [2] 408.20 397.20 402.50 408.00 395.00 40.31 516.00 142.50 11 397.45DamodarInd [5] 59.75 59.40 58.55 62.15 52.00 76.95 78.75 21.50 7 59.50DangeeDums 216.75 226.55 214.15 249.90 214.00 81.49 249.90 127.00 - - Datamatics [5] 290.10 279.70 290.00 290.00 277.20 148.08 382.40 108.00 23 279.35DataPatrnInd 649.10 620.55 640.00 646.85 611.00 180.06 864.00 611.00 - - DB Corp 87.75 85.85 88.60 89.00 85.60 60.94 124.60 76.05 9 85.80DCB Bk 80.00 78.30 79.50 79.90 78.10 737.92 119.65 78.05 10 78.20DCM 107.65 102.10 109.95 110.65 100.00 31.76 145.05 23.00 32 101.65DCMNouvelle 265.60 253.45 263.10 267.45 252.60 67.19 385.10 65.10 4 253.20DCMShriram [2] 1042.20 1003.70 1007.80 1034.35 1000.00 70.40 1249.95 450.45 18 1007.50DcmShrirmInd 101.60 96.10 100.50 101.60 95.35 252.88 116.75 82.00 - - DCW [2] 41.80 40.05 41.80 41.80 39.75 417.70 65.95 23.35 18 40.10Deccan Cem [5] 588.10 569.60 590.10 590.40 565.10 15.67 846.25 378.00 7 568.35DeepEneResou 42.85 41.00 41.50 43.05 40.70 18.04 62.70 30.50 - - DeepIndust 195.45 191.65 195.00 203.05 189.35 124.25 225.60 57.30 - - Deepk.Fer 553.20 527.70 538.00 553.00 525.55 503.56 661.90 152.20 35 527.70Deepk.Ntr [2] 2061.95 2004.80 2050.00 2055.85 2000.00 912.50 3020.00 1245.55 62 2005.45DelphWrldMon 475.00 455.90 466.60 492.75 450.00 1.35 818.00 415.95 - - Delta Corp [1] 272.70 265.30 271.80 272.45 261.65 3359.26 308.55 142.00 72 265.65Delta Mag 70.70 65.20 69.30 72.00 65.00 15.82 111.35 26.25 - 65.05Den Net 41.85 40.65 41.85 41.85 40.50 1025.99 65.30 37.35 11 40.70DEV INFO TECH 124.75 118.55 122.55 124.55 118.55 4.56 140.30 118.55 - - DevyaniInter 165.45 158.75 163.65 163.95 156.60 3575.96 198.90 107.55 - - DFMFoods [2] 280.95 281.20 282.00 283.90 274.05 53.39 452.80 260.00 - 281.10Dhamp.Sug 392.55 371.60 385.00 389.70 365.20 400.97 431.50 165.45 10 372.40DhaniService 129.25 103.40 128.80 129.90 103.4013496.79 378.90 103.40 - - Dhanlk.Bk 13.70 13.40 14.00 14.00 12.90 706.09 20.20 13.00 - 13.38Dhanuka Ag [2] 723.50 700.15 720.00 727.15 698.00 75.44 1053.15 668.95 16 701.20DhrmsiMorarj 385.80 368.90 383.90 386.45 366.00 53.05 413.75 294.55 - - DhruvConsult 55.50 53.65 56.40 56.40 53.00 14.02 84.35 47.70 - - Dhun.Inv 664.00 642.10 665.50 665.50 635.00 2.56 865.00 241.00 77 642.55Dhunseri Tea 259.00 251.65 259.05 259.80 250.65 4.70 405.20 155.07 8 251.85DhunseriVent 242.90 235.95 242.65 242.65 234.00 33.77 350.00 85.05 - - DIC India 398.75 377.45 399.00 401.95 375.00 3.49 549.00 367.50 28 376.70DigispiceTec 37.10 35.30 37.25 37.30 34.60 97.70 60.70 33.05 - - DIGJAM 166.80 158.50 166.80 166.80 158.50 18.89 362.30 29.15 - - DilipBuildco 295.15 283.80 288.25 295.00 281.70 869.50 749.30 281.95 - 283.90Dish TV [1] 16.25 15.90 16.00 16.30 15.85 4708.20 23.44 8.55 - 15.95DishmanCarb[2] 181.35 175.45 177.85 180.00 173.70 367.60 259.50 102.55 - 175.70Divi'sLabs [2] 4353.40 4258.30 4345.00 4345.00 4250.50 284.98 5425.00 3154.50 44 4262.60DixonTec(In) [2] 4069.60 4086.80 4050.00 4207.75 3974.05 444.66 6240.00 3344.45 151 4089.40DLF Ltd [2] 359.65 346.50 356.00 357.80 344.40 7926.20 449.80 231.95 54 347.05D-Link [2] 148.60 146.30 147.70 148.30 141.00 275.31 193.95 94.80 14 146.75DodlaDairy 475.25 454.00 472.95 472.95 451.00 19.17 674.80 451.00 - - DolatAlgotec 83.00 80.85 83.45 83.45 80.20 130.90 127.90 51.35 - - DollarInd [2] 528.55 514.05 525.00 530.10 511.05 53.93 665.70 225.90 23 513.45Donear [2] 67.45 64.55 64.65 66.25 64.20 22.37 76.50 25.25 20 64.75DPAbhushan 386.00 375.25 408.00 408.00 355.05 7.37 477.80 105.10 - - DPSC 15.00 14.25 14.75 15.10 14.25 311.73 31.15 11.55 - - Dr Reddy [5] 4321.15 4298.25 4376.00 4416.65 4282.60 587.95 5613.65 4135.90 47 4297.40Dred.Corp 338.80 324.90 335.00 338.85 322.10 63.00 475.00 297.00 - 325.35DrLalPathLab 2729.55 2684.40 2725.00 2748.95 2635.75 327.90 4243.00 2162.00 63 2683.75Dwarikesh [1] 89.50 85.00 87.30 88.80 84.00 2280.72 104.00 26.65 11 85.15Dynac.Sys 196.20 186.20 197.95 198.55 183.50 29.87 267.00 60.25 16 185.75Dynamatic 2009.60 1918.15 2000.50 2000.50 1882.10 7.11 3447.85 785.00 35 1920.20DynemicProd 545.05 543.70 545.00 556.00 532.30 61.13 770.25 355.05 25 544.90

E . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .EasyTripPlnr 570.15 564.85 560.20 574.00 548.55 285.16 717.65 161.00 - - Eclerx 2211.55 2138.00 2153.00 2186.30 2110.00 62.26 2970.00 905.00 21 2143.00EdelFinSer [1] 63.35 60.75 63.35 63.35 60.60 829.93 100.80 56.70 4 60.80EicherMotor [1] 2699.25 2699.00 2688.00 2718.85 2668.50 273.28 2995.35 2303.75 49 2697.90EID Parry [1] 411.05 410.70 408.90 415.00 399.10 328.00 574.00 303.00 29 411.75EIH [2] 139.40 137.05 138.95 142.35 136.00 823.11 155.00 81.35 - 137.15EIH A Htl 357.80 371.80 359.00 380.00 345.10 41.33 449.95 207.35 124 369.95Eimco 326.00 333.55 333.30 349.00 311.35 12.23 539.75 314.05 39 331.95Elec. Eng [2] 149.15 148.50 153.90 153.90 145.25 390.06 219.00 50.90 20 148.35Elec.Stl.Cs [1] 41.05 38.25 41.45 41.55 38.05 1909.08 48.00 21.80 13 38.30Electrotherm 119.95 112.80 122.20 122.20 110.90 36.54 197.90 96.20 2 113.75Elgi Eqp [1] 393.60 341.25 398.85 398.85 335.05 1338.15 422.70 160.30 61 341.95Elgi Rbr 36.10 35.10 36.00 36.00 35.05 24.56 49.80 24.55 - - Emami [1] 502.10 495.80 500.95 503.90 487.20 193.25 621.35 443.00 38 496.50EmamiPapMi [2] 144.70 138.10 142.00 144.00 136.20 35.40 214.90 91.15 9 139.60Emkay Glo 117.40 109.05 114.30 116.50 108.00 82.99 147.50 59.60 15 109.65Emmbi Ind 102.00 98.55 102.25 103.75 97.15 23.10 125.00 72.15 10 99.10EnduranceTec 1388.95 1395.60 1380.00 1427.55 1343.05 48.57 1980.95 1250.00 46 1394.50Eng.India [5] 64.95 63.00 64.95 65.00 62.90 1189.43 93.60 62.90 16 63.05Ent.Net.Ind 195.45 189.20 196.90 196.90 185.50 37.01 226.95 140.00 126 188.90EPL 166.90 163.35 167.50 169.00 161.00 313.02 291.95 160.05 - - EqitsSmlFnBk 53.40 55.70 55.10 58.70 54.20 6469.28 76.80 45.30 - - EquipSocImpT 76.40 73.45 79.00 79.00 72.50 16.54 142.30 2.05 - - Equitas Hold 111.95 114.20 113.00 115.60 110.45 850.70 144.85 73.00 - 114.65ErisLifeSci [1] 702.55 693.80 702.55 709.95 676.00 83.93 863.15 568.05 24 693.60Eros Intl 27.50 25.75 26.80 27.00 25.10 927.54 36.95 16.35 - 25.70Esab Ind 2910.55 2774.75 2861.00 2894.00 2735.90 5.95 3610.00 1750.00 52 2780.35Escorts 1860.25 1861.05 1864.95 1871.90 1851.40 452.37 1927.35 1100.10 30 1863.20Ester [5] 140.60 134.45 141.00 143.00 133.10 188.19 164.60 98.10 8 134.25EuroFrshFood 114.80 109.85 114.80 119.10 106.45 4.71 153.95 105.00 - - Ever.Kanto [2] 220.30 209.30 216.00 218.65 209.30 252.76 291.15 67.15 12 209.25Everady [5] 359.70 350.20 359.70 365.65 341.75 1345.64 413.30 228.55 9 351.15Everest Ind 726.70 707.20 740.00 761.00 690.20 559.97 775.00 275.00 22 710.30Excel Ind [5] 1208.55 1215.80 1209.00 1265.00 1170.00 77.19 1375.00 776.95 11 1213.55Exide [1] 156.45 154.25 156.00 156.30 154.00 1531.38 220.60 152.65 16 154.45ExpleoSolu 1438.00 1398.95 1440.00 1447.85 1384.55 17.03 1874.00 469.00 - - ExxaroTiles 128.70 120.35 128.45 128.95 118.05 134.74 172.70 98.45 - -

F . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .FACT 119.75 114.40 120.00 120.00 113.60 149.22 160.00 75.30 23 114.35FaircheOrgan 1700.50 1688.45 1715.00 1715.00 1649.25 29.81 2274.80 581.00 - - FDC [1] 295.50 284.70 294.00 294.00 282.10 134.50 404.90 260.00 19 284.55Fed Bk [2] 97.90 99.75 97.80 101.85 97.0035843.42 107.65 70.00 12 99.75Fed.Goetze 234.75 255.20 235.00 267.90 235.00 1026.18 358.20 207.10 26 255.40FIBERWEB IND 46.40 43.75 46.95 46.95 43.50 48.61 52.45 43.50 - - Fiem Ind 1058.10 1011.60 1058.00 1058.00 1005.95 24.26 1377.70 524.95 15 1010.50Filatex [2] 119.60 119.40 115.35 120.55 115.35 1037.45 142.30 61.50 8 119.35Fin.Cable [2] 467.80 457.40 473.95 473.95 456.00 50.60 608.65 350.60 18 457.05FineOrgInd [5] 3993.00 3888.00 3955.00 3992.00 3831.05 19.28 4174.10 2130.00 70 3881.25FineotexChe [2] 168.00 161.65 167.50 168.90 160.05 932.85 180.30 56.60 42 161.30Fino.Ind [2] 160.55 156.10 159.90 160.55 155.45 508.06 268.00 120.00 11 156.20FinoPaymntBk 311.35 291.65 311.50 313.95 290.00 305.98 582.95 290.00 - - Firstsource 127.35 123.80 126.60 127.60 121.35 5758.83 242.65 95.75 20 123.90FocusLtg&Fix 127.65 121.30 127.00 127.25 121.30 33.04 129.95 71.25 - - Foods&Inns 88.85 87.35 85.25 88.45 84.50 35.86 125.00 79.00 - - ForceMotors 1091.80 1066.55 1076.60 1087.90 1053.15 21.38 1740.00 1053.15 - - Fortis Hlt 261.15 256.25 259.00 259.95 253.40 930.26 313.80 156.00 - 255.65Foseco 1390.65 1372.30 1386.00 1394.00 1363.00 0.73 1790.00 1126.85 27 1377.00FSNECommVent 1400.00 1327.55 1389.05 1389.05 1312.00 1411.58 2573.70 1312.00 - - Fut. Life [2] 49.40 48.05 49.35 49.40 47.75 153.10 89.55 46.00 - 48.10Fut. Mkt 8.75 8.55 8.60 8.85 8.45 52.91 21.00 7.50 - 8.57FutEntpDVR [2] 12.35 12.20 12.15 12.85 11.30 27.35 16.89 9.75 - 11.99Future Cons 7.00 6.90 7.00 7.00 6.85 3430.74 11.95 5.85 - - FutureEntp [2] 8.80 8.60 8.85 8.95 8.50 510.72 13.92 7.61 - 8.63FutureRetail [2] 46.85 46.15 47.30 47.75 46.00 2275.30 77.50 40.60 - 46.10FuturSuplyCh 65.70 63.85 66.00 66.85 62.50 24.12 121.95 59.35 - 63.80

G . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Gabriel [1] 120.80 115.70 117.90 119.05 113.65 543.97 168.00 99.90 18 115.75Gail(India) 140.85 136.30 140.40 140.55 135.70 5228.05 171.35 125.20 6 136.45GalaxSurfact 2955.80 2963.15 2955.00 2999.00 2840.10 13.69 3600.00 2030.00 80 2947.55Gallant Isp [1] 49.15 48.50 49.15 49.85 47.45 16.88 69.90 33.65 14 48.40Gallant Mtl 63.90 62.25 64.50 64.50 61.45 30.68 88.00 42.80 7 62.25Gandhi Tub [5] 356.45 345.15 351.65 358.75 339.65 5.41 557.85 240.00 10 345.20Ganesh Hsg 203.40 193.90 196.80 200.85 191.55 43.89 243.50 43.20 - 193.10Ganesha Ecos 650.35 632.95 645.00 660.00 612.60 103.64 742.30 460.00 21 625.15GaneshBenzop 91.40 90.70 91.05 92.95 88.50 66.20 114.95 76.10 - - GangaForging 17.25 16.65 17.30 18.00 16.00 894.35 147.25 13.65 - - GangesSecu 99.40 99.35 102.00 102.00 98.00 25.73 107.05 56.00 16 99.40GardenReach 224.70 221.10 224.70 224.70 218.35 152.34 279.80 167.65 12 221.10GarwareHiTec 690.10 662.55 666.00 680.00 655.35 14.50 889.00 655.35 - - GarwarTecFib 2956.75 2932.95 2912.20 2949.00 2870.10 8.01 4033.40 2285.15 40 2933.05Gati [2] 158.20 152.30 151.35 155.90 148.20 981.58 221.75 88.10 - 152.85Gayt. Proj [2] 27.55 25.00 27.10 27.50 24.60 1046.64 60.65 21.65 - 25.00GE Ship 317.00 316.00 314.10 316.80 309.15 245.91 477.00 261.70 7 315.65GE T&DInd 102.25 93.35 102.60 103.35 91.50 238.24 153.80 91.50 - - Geecee 186.70 180.10 184.60 201.95 176.65 791.07 211.25 91.20 18 180.05GeewayWires 79.75 78.45 81.35 81.35 78.20 5.08 112.90 69.95 - - Genesys [5] 419.35 440.30 426.00 440.30 405.00 91.23 463.65 71.45 87 444.95GenInsCorpIn[5] 129.20 125.50 129.15 129.15 124.60 227.38 243.70 117.50 15 125.80GenricEngCon 37.00 33.80 39.40 39.40 33.40 99.96 68.00 33.00 - - Genus P&B [1] 14.25 13.65 14.10 14.20 13.55 218.55 16.42 6.25 - 13.70Genus Pwr [1] 71.40 68.25 70.00 71.95 67.50 620.82 93.85 36.85 40 67.95GeojitFinSer 71.30 67.95 69.55 70.50 67.30 272.19 102.70 43.55 - - GEPowerIndia 168.30 157.50 169.95 169.95 156.00 190.53 371.80 156.10 - 157.90GFL 68.00 66.40 68.00 69.60 65.30 89.75 118.00 60.50 - - GHCL 412.20 403.70 411.00 411.00 396.30 138.48 488.00 208.00 8 403.45GIC Hsg 142.20 140.05 142.95 143.95 139.00 117.07 202.50 104.60 4 140.15Gillander 67.30 66.00 66.60 68.70 65.95 11.79 74.50 36.10 10 66.20Gillette 5103.10 5077.65 5103.10 5103.10 5003.00 3.27 6270.05 4950.35 58 5076.10Ginni Fil 48.10 45.80 48.10 48.45 45.00 216.57 63.65 18.00 8 46.10GKW 575.60 542.20 577.05 577.05 534.50 0.75 922.40 460.10 - - GlandPharma 3217.50 3252.90 3211.00 3279.35 3120.00 246.96 4350.00 2308.55 - - Glaxo Phr 1567.60 1567.40 1556.00 1574.95 1545.50 28.33 1917.00 1379.00 51 1566.25Glenmark [1] 470.30 455.60 470.30 472.20 452.50 907.12 690.60 442.15 7 455.40GlnmarkLifSc 519.00 500.45 515.00 518.50 499.80 82.83 799.00 499.80 - - Glob.Spr 1254.40 1234.90 1250.00 1269.00 1217.70 139.14 1760.00 290.95 20 1236.10GlobalEductn 77.10 75.05 74.20 77.00 73.25 9.90 96.40 35.50 - - GlobeText(I) 11.30 11.10 11.10 11.65 10.90 382.69 19.20 10.90 - - GM Brew 651.05 633.75 644.10 644.10 631.30 17.68 922.85 370.00 12 634.00GMDC [2] 135.45 136.40 137.50 142.90 132.20 7419.58 151.95 52.00 10 136.00GMMPfauder [2] 4499.35 4511.60 4425.00 4559.85 4380.00 21.76 5435.00 3938.25 62 4505.65

GMR Inf [1] 39.95 39.10 39.80 39.95 38.95 9207.10 49.15 22.50 - 39.10GNA Axles 504.10 500.50 503.90 504.85 489.90 52.07 1107.35 339.10 11 500.00GNFC 548.20 537.55 548.00 551.80 535.00 1723.37 577.55 235.25 6 537.20Goa Carb 377.05 379.60 380.00 398.60 371.50 132.04 482.20 266.00 12 378.65GOCL Corp [2] 280.80 269.15 279.40 283.30 265.55 14.22 386.00 190.00 27 268.50God.Pow.Isp [5] 300.55 313.20 311.00 318.00 306.05 793.93 460.00 127.83 3 313.00Godfrey [2] 1062.60 1011.10 1065.00 1065.00 1005.25 16.52 1409.85 831.85 12 1012.80Godrej Cons [1] 825.40 809.00 823.00 825.40 801.80 548.55 1138.50 644.00 64 806.95Godrej Ind [1] 525.50 515.50 528.00 528.00 511.00 107.61 674.35 426.60 - 515.50Godrej Pr [5] 1569.00 1587.20 1565.00 1599.45 1537.35 944.81 2598.00 1200.10 214 1587.70GodrejAgrovt 488.10 482.10 483.35 488.00 477.50 48.18 746.80 469.70 30 481.95GoFashionInd 950.10 940.50 950.00 950.10 889.00 114.59 1339.90 889.00 - - Gokaldas [5] 359.45 353.40 361.00 368.95 350.10 381.06 430.00 73.05 29 353.30Gokul Ref [2] 33.95 33.00 34.00 34.45 32.45 101.02 47.80 15.50 - 33.00Gold.Tobac 107.95 106.15 107.95 108.95 103.05 9.09 189.85 35.05 35 105.80Goldiam Int 821.90 786.20 820.00 820.00 782.65 88.01 1142.60 299.45 27 786.25GoodyearInd 908.40 903.55 908.40 924.75 897.15 6.83 1020.00 783.00 - - GP Petrol [5] 49.60 54.65 51.90 58.60 50.05 1104.54 77.60 34.65 18 54.65GPTInfraProj 79.15 75.25 79.00 79.35 74.00 35.60 107.75 34.00 9 75.75Granuels [1] 302.95 297.60 300.00 303.70 295.55 806.54 404.50 285.80 18 297.45Graphite [2] 489.40 475.75 489.05 492.55 473.80 506.67 815.35 396.00 16 475.50Grasim [2] 1722.75 1692.45 1704.00 1736.75 1687.35 1031.65 1939.00 1192.25 45 1691.35Graur&WeilIn 57.65 55.75 57.00 57.00 55.50 103.79 70.90 53.50 - - Gravita [2] 372.90 360.75 372.00 375.00 357.00 230.37 398.20 73.00 63 361.15GreenlaInd [1] 331.80 318.50 323.45 331.55 316.45 29.67 404.98 178.72 39 320.20GreenPly [1] 189.85 186.70 191.90 191.90 185.30 184.32 254.25 156.55 26 186.80GrenpanelInd 470.80 470.70 470.00 474.25 459.65 156.17 538.50 150.35 - - Grindwel [5] 1557.40 1580.55 1555.00 1604.00 1540.15 157.57 2025.45 802.55 60 1576.65GRInfraproj 1497.55 1433.50 1497.55 1497.55 1421.00 21.97 2267.65 1421.00 - - GRP Ltd 1504.90 1292.00 1508.80 1529.00 1265.50 15.82 1600.60 724.00 21 1291.95Grvs.Cot [2] 183.15 175.65 181.55 182.60 174.50 2104.63 258.85 104.05 170 175.60GSFC [2] 129.90 123.05 129.00 129.30 122.50 1310.53 150.75 76.40 7 123.10GSPL 287.85 284.10 285.00 286.65 279.20 1134.42 383.00 232.60 16 284.15GTL 17.00 15.85 16.85 16.85 15.65 555.83 32.55 4.86 - 15.85GTL Infra 1.80 1.75 1.80 1.80 1.7564289.10 4.90 0.65 - 1.71GTPLHathway 209.65 203.10 210.05 215.00 202.00 65.13 313.15 108.75 16 202.80Gufic Bio [1] 217.30 207.40 217.00 217.00 205.80 110.46 270.10 99.10 23 208.15Guj.Alk 699.65 672.25 685.50 705.50 666.55 253.67 845.50 304.35 13 673.15Guj.Ind.Pow 79.30 75.90 78.65 79.00 75.55 192.13 105.65 72.25 7 76.00Guj.Pipav 93.35 89.85 92.05 93.25 89.00 208.82 124.15 89.05 22 90.10Guj.Sid.Cem 43.25 41.85 42.75 43.00 41.60 54.10 62.60 31.70 10 41.90Gujarat Gas [2] 664.05 660.05 663.00 674.60 654.20 700.15 786.65 482.05 38 660.00Gul.Amb.Ex [1] 186.20 180.90 187.15 187.45 179.00 238.41 226.90 122.50 9 181.30Gul.Apl 223.70 218.50 224.60 224.60 217.55 5.04 277.20 197.20 - 218.00Gulf Oil Lub [2] 494.85 472.45 490.05 491.70 466.60 90.45 803.70 427.95 12 470.60GulshanPoly [1] 334.15 312.25 334.10 339.45 306.00 71.18 429.00 86.75 15 315.00

H . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .HappiestMind 1041.85 1000.65 1035.00 1037.65 996.15 212.47 1580.00 498.05 - - Harri.Mal 154.90 148.00 154.90 155.85 147.05 31.02 250.00 120.20 8 148.25Hathway [2] 19.55 19.00 19.50 19.65 18.80 6002.40 34.80 18.75 - 19.00Hatsun Agro [1] 1112.65 1065.55 1110.00 1110.00 1052.90 30.77 1533.65 676.00 94 1070.80HavellsIndia [1] 1201.30 1201.15 1198.00 1205.85 1179.55 578.42 1503.70 958.35 66 1201.10HBL Pwr [1] 68.35 64.05 68.35 68.75 63.55 1521.56 83.60 29.55 30 64.20HBStockhold 53.75 49.55 53.75 53.75 48.45 20.85 75.05 15.80 - - HCC [1] 17.30 16.05 17.30 17.45 15.8519957.06 20.03 7.00 - 16.03HCG 234.95 229.60 233.10 239.90 224.15 75.15 282.55 159.20 - 229.55HCL Info [2] 19.40 18.60 19.35 19.45 18.55 576.67 31.35 7.95 - 18.60HCL Tech [2] 1165.00 1164.75 1153.10 1169.50 1150.20 1706.06 1377.00 890.00 38 1165.00HDFC [2] 2441.15 2436.80 2424.95 2447.65 2410.00 2979.74 3021.10 2286.45 33 2438.95HDFC AMC [5] 2199.25 2171.15 2190.00 2195.00 2161.20 175.76 3363.00 2119.45 34 2172.00HDFC Bank [1] 1512.35 1522.10 1504.00 1530.70 1495.55 3734.03 1724.30 1353.10 24 1521.75HDFCLifeIns 590.95 582.00 583.55 589.40 576.55 2415.41 775.65 551.70 105 582.30HecInfraProj 37.95 36.65 38.90 38.90 35.15 4.76 45.00 28.80 - - HEG 1324.05 1275.00 1322.00 1343.95 1270.00 199.63 2626.15 1263.00 18 1272.60Heidelbrg 204.40 200.00 204.90 206.00 199.10 225.68 284.55 199.10 15 200.10HemispherePR 120.25 114.45 119.10 119.75 113.55 1014.17 167.20 113.55 - - HeranbaIndus 643.25 618.75 643.10 646.60 616.00 70.45 945.00 602.10 - - Herc.Hoi [1] 144.90 141.60 144.00 146.15 140.00 24.99 179.65 108.10 26 142.05Herit.Fds [5] 323.25 316.15 326.00 326.00 315.00 63.32 565.00 289.60 12 316.25HeroMoto [2] 2774.05 2713.35 2719.95 2748.00 2685.00 522.21 3514.20 2310.50 20 2710.95Hester Biosc 2460.20 2433.05 2499.00 2523.35 2399.00 24.38 3180.00 1651.25 44 2422.65Hexa Trade [2] 121.80 123.30 123.90 127.80 119.20 15.82 235.20 52.35 - 124.70HFCL [1] 75.85 71.25 75.20 75.50 70.8017055.14 101.35 23.00 32 71.50HGInfraEngg 607.85 598.05 618.50 619.90 596.20 85.90 830.80 252.60 11 597.70Hikal [2] 387.20 381.80 385.00 389.70 380.10 145.26 742.00 142.85 25 381.85HIL 4012.55 3978.50 3990.00 4030.00 3921.25 7.62 6750.00 2793.70 15 3974.20Hilton Mtl 28.00 26.85 27.50 28.80 26.65 35.94 33.20 9.00 - 26.70HimadriSpec [1] 55.60 55.00 55.50 56.00 53.85 7470.50 69.05 38.90 35 54.95Himat.Seid [5] 186.30 173.05 184.00 187.00 170.15 287.50 311.95 132.00 10 172.00Hind.Compo [5] 295.80 282.50 288.00 291.80 276.20 11.06 373.85 240.00 18 286.35Hind.Cop [5] 123.15 117.25 123.15 123.15 114.7010144.35 196.90 88.60 46 117.25Hind.Media 68.90 67.40 67.15 69.80 67.15 98.85 107.00 56.15 8 67.50Hind.Mot [5] 11.35 10.90 11.40 11.75 10.85 254.49 18.20 6.15 - 10.92Hind.N.Gls [2] 17.95 17.10 17.95 18.50 17.10 177.90 53.20 16.80 - 16.95Hind.Oil.Ex 190.60 190.85 190.60 195.10 181.25 689.58 245.15 88.50 47 191.20Hind.Znc [2] 317.25 312.35 315.00 316.45 310.80 230.96 407.90 257.00 14 312.30Hindalco [1] 529.60 512.00 528.50 529.00 511.20 6308.26 553.85 305.40 26 511.95HindconChem 65.60 62.20 63.10 64.75 61.10 30.42 86.95 41.75 - - HindujaGlo 2671.90 2733.80 2719.95 2772.00 2682.55 147.74 3948.00 1130.95 16 2731.35HindustnAero 1345.95 1301.05 1330.00 1338.00 1294.55 602.64 1568.45 925.00 12 1300.40HindustnFood 2028.00 1978.80 2025.00 2025.00 1950.05 5.69 2578.00 1700.00 - - HisarMetalIn 110.25 107.50 111.95 111.95 107.00 8.89 165.00 90.00 6 108.75HiTech Gr 233.00 224.20 238.80 238.80 222.45 6.90 364.90 155.00 11 224.40Hi-TechPipes 551.25 540.65 550.05 570.40 540.00 17.17 335.00 113.85 30 249.05HLEGlascoat 5510.65 5225.75 5499.75 5499.75 5195.00 8.39 7550.00 1755.00 - - HomeFirstFin 719.55 704.60 705.00 715.45 685.15 70.34 921.30 440.00 - - Honda Siel 1292.10 1279.90 1281.05 1297.10 1272.20 3.25 1497.80 902.00 18 1277.65Honey.Aut 40565.40 40642.60 40444.00 40933.70 39810.10 5.55 49805.00 38146.90 97 40642.40HOV Services 51.55 50.10 53.55 53.55 49.55 12.79 90.00 37.55 34 50.00HPAdhesives 371.95 366.90 367.10 392.00 361.00 319.91 505.00 361.00 - - HPCL 298.75 292.75 295.00 302.00 291.10 1795.52 354.55 223.00 6 293.10HPLElect&Pow 67.80 65.85 65.20 67.50 65.00 89.47 91.90 40.10 63 65.85HSG&UrbanDev 36.05 34.30 36.05 36.10 34.00 2746.81 58.25 34.00 5 34.30HSIL [2] 302.60 297.75 302.00 308.00 291.00 139.92 352.85 141.00 19 296.85HT Media [2] 32.85 31.00 32.80 32.85 30.75 1231.98 39.15 19.55 - 30.95HuhtamakiInd 187.20 183.10 187.20 187.20 181.05 62.42 345.60 181.05 - - HUL [1] 2312.55 2294.80 2298.00 2304.05 2284.75 737.92 2859.10 2104.25 62 2293.60

I . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Ibull Hsg [2] 184.50 166.30 182.00 191.60 160.2532829.71 313.50 154.30 9 166.75Ibull Real [2] 121.20 103.10 120.00 120.00 99.5039095.15 195.90 72.75 - 103.00IceMakRefrig 79.85 75.80 80.60 80.60 74.00 28.21 95.45 57.30 - - ICICI Bank [2] 748.90 754.45 746.25 762.90 740.0010967.16 859.70 531.00 25 754.30ICICILombGIC 1282.60 1266.75 1275.00 1284.80 1255.10 581.52 1674.00 1252.80 48 1267.45ICICISecu 695.60 655.45 694.00 694.90 643.30 1137.56 896.05 376.90 - - ICRA 3714.85 3620.15 3675.85 3684.75 3590.00 1.20 4158.60 2675.75 49 3606.80IDBI 47.30 46.05 47.45 47.50 45.80 6066.57 65.25 29.35 22 46.00Idea Cell 10.65 11.25 10.55 11.65 10.40448511.46 16.79 4.55 - 11.25IDFC 59.70 57.90 59.40 59.75 57.60 7482.99 68.25 41.70 - 57.80IDFCFirstBnk 44.40 43.90 44.30 44.95 43.7017138.79 69.30 40.75 - - IFB Agro 615.05 593.20 615.05 619.70 591.00 9.88 866.25 365.40 9 592.45IFB Ind 935.30 907.25 930.00 930.00 905.10 7.87 1357.80 865.00 - 907.50IFCI 13.60 13.00 13.55 13.55 13.00 3964.75 18.87 8.70 - 13.05IFGLRefract 282.55 276.20 280.00 281.35 274.50 21.08 434.00 250.10 27 275.40IG Pet 715.65 695.65 704.10 709.10 683.00 39.79 1017.90 401.60 7 694.90Igarshi 377.00 363.60 375.00 376.65 360.20 33.03 612.20 262.85 74 363.95IIFLHoldings [2] 319.30 312.60 319.90 324.90 311.00 292.33 375.05 217.00 18 313.05IIFLSecurity 87.15 86.55 87.15 88.00 84.15 179.93 128.50 45.30 - - IIFLWealtMgt 1603.45 1513.40 1571.40 1571.40 1486.00 147.00 1785.40 1061.50 - - ImagiWrldEnt 13.55 13.15 13.40 13.75 13.00 191.31 16.80 5.25 - - IMPAL 771.30 775.55 773.70 780.00 761.95 2.69 940.00 614.00 18 777.45Ind Terr [2] 50.55 47.25 51.50 52.00 45.90 163.42 74.80 26.60 11 47.35Ind.Bk.Mer 24.35 23.20 24.00 24.60 23.10 93.77 37.25 11.20 16 23.20Ind.Cem 212.45 208.90 210.00 216.25 207.35 7599.81 259.90 150.05 48 208.75Ind.Gly 788.60 760.55 788.60 793.90 754.85 101.19 1060.00 397.05 19 761.70Ind.Hume [2] 207.40 206.90 207.00 212.00 204.15 65.10 252.70 166.00 13 206.30Ind.Inv.Tru 70.55 68.00 72.00 72.00 67.40 0.02 89.30 50.00 - 70.20Ind.Metals 348.50 335.50 341.00 346.60 332.10 59.38 498.50 205.00 4 335.20Ind.Nippon [5] 488.25 455.50 485.00 485.65 445.90 51.59 642.00 329.05 23 455.90Ind.Ovr.Bk 19.20 18.80 19.10 19.20 18.75 2360.41 29.00 14.45 - 18.85Ind.Ram.Sy 74.00 70.20 73.05 75.70 69.50 416.98 90.25 31.60 6 70.35Indian Bk 152.05 147.15 150.25 151.60 146.25 1615.08 194.80 96.20 4 147.30Indian Htl [1] 207.05 204.95 206.75 210.55 203.65 3543.54 230.25 90.94 - 204.85IndianEgyExc[1] 217.55 210.20 215.55 217.00 209.1011205.93 318.71 95.47 66 210.20IndianRailTr 816.35 803.40 810.00 816.00 796.00 3000.87 6396.30 639.45 - - IndianRlyFin 22.25 22.05 22.10 22.20 22.00 5325.45 26.70 20.80 - - IndiaPestcid 305.25 298.45 305.00 305.70 297.60 129.55 368.00 289.00 - - IndigoPaints 1760.20 1768.70 1757.45 1778.00 1735.85 21.73 2740.00 1735.85 - - IndmrtIntmsh 4835.05 4756.70 4800.00 4978.85 4640.00 268.72 9710.70 4301.10 - - Indo Count [2] 194.30 186.15 191.80 192.80 185.00 268.89 314.80 113.00 11 185.90Indoco Rem [2] 381.10 379.65 375.15 383.30 371.50 111.06 529.70 273.90 25 379.95IndostrCapFn 241.50 239.65 238.00 245.40 236.50 86.36 416.95 228.25 - 239.60Indotech Tr 237.10 225.25 231.20 236.80 225.25 12.02 294.95 82.25 12 225.90Indra.Med 70.30 68.60 70.30 70.60 68.00 100.88 102.55 52.15 11 68.40IndraprsGas [2] 377.95 370.55 375.05 377.55 369.05 1692.31 604.00 369.40 20 370.70IndSwifLab 72.05 70.20 71.80 72.90 69.70 70.11 127.35 56.00 14 70.40IndusInd BK 955.35 952.45 952.00 972.00 949.00 3535.91 1241.85 811.10 18 952.55IndusTowers 252.90 251.70 253.00 254.35 249.10 1236.49 332.80 194.10 - - INEOS Styro 1134.35 1117.40 1123.00 1133.85 1100.00 11.26 1886.80 922.20 5 1117.00Infibeam Inc [1] 40.65 39.95 40.70 41.00 39.80 1806.38 58.45 36.80 - 39.95INFO EDGE (I) 4427.65 4442.65 4380.00 4556.50 4353.30 536.18 7462.95 4027.00 134 4443.50InfobeansTec 541.55 523.90 555.00 555.05 491.00 26.80 625.00 135.30 - - Infosys [5] 1706.95 1730.70 1701.00 1737.30 1691.50 5120.89 1953.70 1230.00 36 1730.60Infrasoft 213.15 214.85 202.30 217.05 202.30 44.26 259.00 63.00 - 214.75Ingersoll 1414.15 1397.70 1415.00 1422.75 1382.00 17.33 1503.10 667.00 41 1392.00Inox Leis 413.25 406.25 411.00 415.35 401.00 471.22 466.10 241.90 - 406.40Inox Wind 119.75 118.15 120.00 120.40 115.20 319.46 160.00 61.45 - 118.10InoxWindEner 728.55 709.30 706.70 730.00 706.70 0.82 986.50 339.35 - - Insectic 673.30 641.50 673.40 673.40 625.00 7.94 846.00 405.00 12 640.40IntellecDesi [5] 681.15 670.20 680.00 680.00 658.10 236.70 892.00 416.60 44 671.60IntenseTech [2] 87.05 80.25 88.50 88.50 79.00 152.42 119.75 30.90 12 80.20IntGlobAviat 2116.60 2086.55 2085.05 2096.15 2025.20 1964.63 2379.00 1502.90 - 2085.10IntlConveyor 74.55 70.45 74.00 74.00 70.00 169.83 102.45 57.85 - - Inventure [1] 4.15 3.95 4.05 4.10 3.95 9614.91 6.76 2.01 - 3.95IOC 121.15 119.20 120.00 121.15 118.60 5730.30 141.75 86.70 4 119.10IOL Chem 381.10 366.35 374.05 379.95 363.60 154.01 725.00 364.00 10 366.40IPCA Lab [1] 979.85 961.80 972.00 983.00 953.35 486.92 1383.55 893.03 27 962.70I-PruLifeINS 525.20 510.55 521.35 521.35 509.05 1516.50 724.50 411.00 116 510.55IRB Infra 256.10 248.95 254.70 258.95 246.45 2006.46 346.95 100.70 - 248.90IrconIntl 42.95 42.55 42.30 42.70 42.05 778.09 101.90 40.15 - - IrisBusiServ 109.45 104.85 114.50 114.50 102.35 30.20 165.50 102.35 - - IrisClothing 175.85 173.40 172.20 185.90 172.00 2.06 239.00 62.35 - - IsgecHeavyEn 556.25 539.65 550.25 557.35 535.00 84.99 878.35 524.15 - - ITC [1] 221.90 218.00 220.30 221.30 217.1516129.02 265.30 199.10 18 218.10ITD Cem [1] 72.55 70.10 72.00 73.10 69.60 453.19 97.50 69.55 12 70.15ITDC 360.75 353.35 360.75 374.60 351.00 43.10 463.90 302.00 197 352.55ITI 108.45 104.85 106.50 110.85 103.10 205.98 143.70 102.20 - 104.85IVP 175.85 166.80 175.80 190.00 163.60 226.47 201.85 93.00 12 166.55IZMO Ltd 94.45 87.25 92.60 94.55 86.65 87.31 148.85 48.00 - 87.20

J . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .J&K Bk [1] 36.55 35.45 36.45 36.55 35.20 1900.64 48.20 22.50 5 35.50Jagran [2] 77.30 72.60 77.70 78.50 71.70 855.86 81.90 50.25 8 72.70Jags.Phr [5] 209.60 205.40 217.15 227.25 202.30 3324.96 227.35 75.00 22 204.65Jai Corp [1] 119.80 114.60 120.00 120.00 112.70 1049.75 172.85 79.35 42 114.50JaiBal.Ind 49.50 47.80 49.40 49.40 47.45 37.66 668.00 81.00 - - Jain I.DVR [2] 23.50 21.75 23.50 23.70 21.50 60.14 30.35 10.81 - 21.70Jain Irrg [2] 39.55 38.45 39.40 40.20 38.05 2563.66 53.50 16.15 - 38.35Jamna Au [1] 102.95 98.65 101.20 101.45 97.10 853.09 124.90 60.55 31 98.60JashEngg 513.85 490.40 502.00 515.00 485.20 19.47 628.00 260.20 - - Jay Bhr [5] 166.30 162.10 165.00 168.30 160.35 33.00 269.00 98.75 21 161.45Jay.Agro [5] 218.70 210.65 219.20 219.70 210.00 44.97 322.90 125.50 8 210.05Jaypee Inf 3.40 3.25 3.30 3.35 3.25 4787.27 5.05 1.38 - 3.23Jayshr Tea [5] 99.85 95.55 98.50 99.60 94.30 79.93 145.00 65.15 13 95.20JB Chem [2] 1619.70 1618.90 1620.00 1670.00 1613.50 145.16 1984.75 1077.30 33 1620.45JBM Auro [2] 1243.00 516.00 504.00 522.05 500.05 204.44 675.98 134.80 58 520.55JetFrgtLogis 69.60 67.05 68.05 70.90 66.55 21.87 94.30 44.40 - - JHS Svend 24.25 23.40 24.10 24.25 23.10 53.24 33.40 18.80 - 23.40Jind P.Inv 314.85 303.05 328.80 328.80 299.15 12.76 462.80 29.45 - 302.25Jind.Drl [5] 192.20 182.80 190.00 192.95 181.00 145.18 221.35 81.55 11 182.80Jind.Pho 385.80 366.55 392.70 392.70 366.55 16.58 485.20 35.00 - 366.95Jind.Poly 1083.00 1048.40 1075.50 1080.60 1040.90 70.00 1342.85 467.10 5 1051.10Jind.Saw [2] 93.05 88.95 92.05 92.85 88.15 857.49 147.65 70.15 6 89.15Jind.Stl&P [1] 413.15 415.15 410.05 423.65 409.00 6047.37 501.60 296.55 4 415.45Jind.World [1] 280.65 283.45 280.00 301.50 278.25 379.83 358.45 44.00 62 283.25JindStain(H) [2] 369.65 344.85 369.80 369.80 339.90 468.01 433.50 109.85 7 346.70JK Cem 2978.00 2911.10 2960.00 2960.00 2884.15 95.79 3836.65 2580.05 34 2910.40JK Lak.Cem [5] 460.15 449.40 454.40 462.25 446.00 223.33 815.25 360.00 13 450.25JK Paper 237.35 230.25 232.20 236.35 228.25 578.29 284.80 124.25 8 230.35JK Tyre [2] 116.95 113.85 115.00 115.95 112.90 370.43 171.60 103.20 10 113.90Jkumar Inf [5] 174.20 170.80 174.20 174.20 166.95 110.35 231.00 149.05 8 171.05JM Fin [1] 67.90 66.80 68.80 68.80 66.30 438.77 117.55 66.35 19 66.65JMC Proj [2] 92.65 90.05 94.00 94.00 87.85 1076.48 130.00 70.80 - 89.70Jocil 177.85 173.35 177.65 179.75 173.00 8.36 319.80 139.00 - - JohnCntHita 1816.70 1791.70 1816.70 1850.35 1788.00 5.62 2936.70 1757.35 109 1792.10JP Associ [2] 10.10 9.95 10.30 10.35 9.90 8896.34 15.90 6.42 - 9.93JP Pwr 7.95 7.30 7.80 7.80 7.20125381.83 11.22 2.45 - 7.30JSL [2] 196.00 189.55 193.55 195.00 187.35 1026.41 224.60 60.30 8 189.40JSW Hld 3977.10 3932.90 3953.95 4033.40 3905.00 12.53 6000.05 3400.00 33 3931.65JSWIspatSpe 33.80 32.25 33.50 34.00 31.80 3134.81 67.55 22.40 - - JSWSteelLtd [1] 632.85 623.10 631.90 635.00 621.25 1857.57 776.50 371.40 8 623.60JTEKTIndia [1] 80.10 77.40 80.10 80.35 76.05 158.01 132.75 76.00 42 77.50JTL INFRA 250.15 239.80 250.55 254.65 233.35 57.74 271.00 209.60 - - Jub.Ind 497.50 482.30 491.00 496.00 480.00 39.61 796.90 162.00 - 481.40JubilantPhar 443.75 435.15 443.75 448.95 430.30 106.74 925.00 430.30 - - JublilntFood 2980.35 2981.30 2988.00 3020.00 2909.00 670.85 4577.45 2660.90 91 2982.05JublntIngrev 520.00 491.05 519.60 519.60 488.50 683.10 838.75 295.50 - - JullundurMot 72.60 66.80 70.60 74.60 63.20 56.24 93.80 29.30 - - JustDial 800.60 786.00 800.00 808.00 780.00 422.40 1138.00 550.00 80 786.50Jyo.Lab [1] 138.20 135.30 138.00 138.00 135.10 99.91 187.20 133.00 30 135.35

K . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Kabra Ext [5] 460.05 435.60 451.15 457.60 432.00 75.09 566.40 124.00 44 437.35Kaj.Cera [1] 1261.10 1256.30 1240.05 1260.00 1230.75 37.83 1379.00 856.70 53 1254.85Kakt.Cem 226.30 218.10 222.05 224.00 215.05 8.23 319.00 160.80 10 218.95

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Company Prev Close Open High Low Qty 52 WH 52 WL PE BSE Cl Company Prev Close Open High Low Qty 52 WH 52 WL PE BSE Cl Company Prev Close Open High Low Qty 52 WH 52 WL PE BSE Cl Company Prev Close Open High Low Qty 52 WH 52 WL PE BSE Cl

NRAgarwalInd 235.20 227.10 233.30 235.75 226.85 19.35 361.15 193.85 ­  ­ NRB Bear   [2] 129.30 121.25 123.20 125.95 120.00 640.57 189.65 95.25 16 121.35NRB  Ind   [2] 23.90 23.70 23.50 24.20 23.30 3.98 34.80 9.25 ­  23.65NTPC 132.35 131.95 132.40 134.15 131.1512212.74 152.10 93.20 8 131.85Nucleas Sw 476.90 471.15 476.90 476.90 461.50 21.84 765.35 458.00 25 470.50NURECA 1481.85 1425.70 1475.00 1475.00 1420.05 10.84 2315.00 555.60 ­  ­ NuvocoVistas 382.90 353.65 375.00 379.10 350.00 961.27 577.90 350.00 ­  ­ Nxtdigital 435.35 413.50 443.00 444.80 410.40 39.48 619.80 333.30 ­  ­ 

O . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Oberoi 891.35 892.55 883.35 904.55 874.45 484.64 1051.90 514.20 75 889.55OdishaCeme [2] 1789.05 1739.15 1779.05 1798.90 1730.10 89.26 2547.20 1394.10 280 1740.10Oil Country 8.40 8.00 8.65 8.65 8.00 7.37 12.92 3.81 ­  8.15Oil  India 229.95 225.35 230.80 231.35 225.00 670.37 267.70 112.00 8 225.30OlectrGrnTec 755.90 718.70 747.20 747.20 718.15 166.71 888.80 166.10 ­  ­ Omax Auto 51.15 48.90 50.45 50.70 48.50 24.12 74.00 36.95 ­  48.50Omaxe 103.50 98.70 92.20 99.80 85.00 2596.47 109.00 56.00 ­  98.50OMDC  [1] 2628.45 2547.30 2600.00 2669.95 2535.00 14.51 3800.00 2211.00 ­  2549.80OmInfraLtd 45.60 45.95 45.45 48.00 44.65 337.52 56.45 18.95 ­  ­ Omkar Spl 32.10 30.30 31.50 32.75 30.00 49.49 47.05 4.74 ­  30.20One97Communi 833.40 807.70 832.50 834.00 805.00 1975.58 1955.00 805.00 ­  ­ Onelife Cap 14.30 13.75 15.00 15.00 13.60 40.98 25.09 5.55 ­  13.75OnePntOneSol 13.85 13.85 13.85 14.45 13.20 383.49 96.05 10.55 ­  ­ ONGC  [5] 167.90 163.40 167.40 167.55 163.0514222.26 176.40 97.45 6 163.40OnMobile 137.45 127.50 137.10 137.10 126.15 983.72 175.00 87.75 74 127.85Onward Te 322.30 315.75 324.90 324.90 308.10 24.98 406.00 98.00 83 316.45OptimusInfra 285.55 269.15 280.00 282.25 255.65 131.38 411.60 114.05 20 269.95OracleFinSer  [5] 3602.45 3525.75 3599.90 3602.45 3513.30 39.84 5144.60 2933.05 18 3530.25Orbit Exp 122.20 117.95 124.80 127.00 116.00 192.56 135.00 55.20 26 117.30OrchidPharma 291.35 276.80 276.80 293.10 276.80 24.25 1667.00 276.80 ­  ­ Oricon Enter  [2] 35.60 34.30 35.05 36.90 33.50 383.98 44.80 17.15 31 34.15Orient Bell 494.90 474.60 495.10 495.10 469.00 24.68 541.00 200.05 30 475.45Orient Cem  [1] 161.45 153.40 158.25 160.50 152.10 372.45 185.50 88.60 11 153.55Orient Htls   [1] 53.85 51.70 53.30 55.50 51.20 1090.83 65.90 21.10 ­  51.85Orient Pap   [1] 29.80 29.55 29.80 30.10 28.80 728.04 39.40 21.45 ­  29.55Orient Pres 73.05 72.45 72.00 73.60 71.05 3.73 123.80 62.20 ­  72.35OrientAbr   [1] 28.65 28.65 28.65 29.95 28.25 161.81 40.45 20.00 ­  28.60OrientalArmt 621.00 602.20 610.00 620.80 596.50 8.24 1100.00 545.05 ­  ­ OrientalCar 850.85 826.55 865.00 865.00 820.00 6.67 1321.00 820.00 14 829.25OrientElect 344.70 329.60 341.55 343.10 325.50 146.02 408.00 263.50 ­  ­ OrtinLabs 27.85 26.70 27.70 28.30 26.10 109.62 52.25 21.40 ­  ­ Oswal Chem 23.95 22.10 23.85 24.00 22.00 367.80 36.75 15.25 12 22.10OswalAgroMil 30.50 29.25 30.00 30.45 29.00 83.44 45.30 8.35 ­  29.30

P . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .P&GHealth 4675.80 4574.65 4699.20 4699.20 4555.00 5.11 7200.00 4555.00 ­  ­ P&S Bk 16.40 16.20 16.65 16.65 16.15 345.83 22.65 15.30 8 16.25Page  Ind 41496.45 41019.80 41400.00 41870.75 40740.15 18.65 45162.90 27287.90 99 41016.95PaisaloDigit 689.70 673.55 693.15 696.85 668.00 19.95 1143.15 560.10 44 673.70Pan.Petro   [2] 246.50 234.50 243.00 248.35 232.50 145.77 332.55 140.00 8 233.50Panac.Bio   [1] 205.30 212.95 205.30 215.55 197.00 325.37 453.70 163.80 ­  213.35PanachDigLif 57.55 56.40 56.25 59.80 54.00 27.18 94.80 40.50 ­  ­ PansriDevlop 114.05 111.70 110.80 114.00 109.05 1.54 176.45 57.75 ­  ­ ParagMilk 105.90 101.80 106.00 107.00 100.50 475.61 159.85 94.00 19 102.20ParasDef&Spc 654.05 631.85 654.00 654.00 630.00 106.35 1258.20 617.15 ­  ­ ParDrugs&Che 151.50 151.70 157.75 157.75 147.00 15.01 310.60 142.90 ­  ­ PasuptiAcryl 40.95 38.55 40.10 41.20 38.20 186.26 57.60 28.05 ­  ­ Patel  Int 15.65 15.05 15.65 15.70 14.75 54.47 20.35 9.75 ­  15.25PBA  Infra 13.95 13.30 13.40 13.55 13.30 13.13 22.73 7.50 1 13.18PBFintech 751.55 727.70 748.85 757.25 718.05 402.88 1470.00 718.05 ­  ­ PC Jewl 22.05 20.80 22.00 22.20 20.65 1575.86 32.75 19.95 ­  20.80PCBL 211.80 202.45 211.00 211.25 201.60 414.07 277.30 175.00 ­  ­ PDS 1620.25 1619.50 1649.00 1749.45 1505.25 12.96 2024.80 603.95 ­  ­ Pearl Glo 466.90 428.20 470.00 479.65 421.20 12.76 598.00 162.00 62 429.90Pearl Poly 18.80 17.90 18.70 18.75 17.10 53.27 25.30 13.87 1 18.00Pennar  Ind   [5] 38.70 36.65 37.50 39.50 36.10 582.31 47.95 16.25 13 36.85Persistnt 3858.40 3837.40 3825.00 3971.95 3718.65 404.14 4986.85 1597.00 46 3844.10Petronet 213.10 208.35 211.30 212.35 208.05 1399.51 260.90 206.70 10 208.55PFC 118.35 118.50 117.15 119.50 116.80 5557.22 153.75 104.10 3 118.55Pfi�zer 4342.90 4292.45 4310.00 4342.90 4280.00 26.58 6164.80 4200.00 33 4290.50PG Elec 645.90 635.15 644.00 648.40 613.85 98.77 870.00 246.30 60 636.05PGHH 15770.95 15529.80 15770.55 15770.55 15200.00 9.08 16420.90 12021.15 87 15517.65Phoenx.Mil   [2] 973.05 976.15 973.00 990.00 940.00 610.73 1199.95 672.00 186 977.55PI  Ind   [1] 2587.50 2505.60 2572.10 2582.80 2493.60 324.81 3533.30 2104.70 47 2502.70PidiliteInd   [1] 2430.70 2426.30 2413.00 2453.30 2398.80 187.48 2764.60 1666.70 100 2426.85Pilani  Inv 1759.55 1733.50 1778.00 1778.00 1732.00 1.67 2246.95 1523.90 13 1733.85Pion.Dist 168.60 168.30 167.00 168.70 164.00 3.86 209.30 92.00 ­  167.85Pion.Emb 52.95 52.10 52.00 53.95 51.50 47.36 79.60 36.05 7 51.75PiramalEntp   [2] 2162.45 2096.90 2133.00 2169.90 2083.75 834.05 3013.00 1612.00 145 2098.30PittiEngg   [5] 242.25 236.60 237.70 242.90 228.00 137.42 299.00 54.10 14 236.35Plastiblen   [5] 218.55 216.50 221.95 221.95 213.30 17.65 305.95 207.25 15 217.80PNB Gilts 64.55 63.95 65.00 65.20 63.05 193.96 94.65 46.55 13 63.80PNB Housing 450.25 421.40 448.00 450.00 416.90 508.87 924.00 350.00 9 421.30PNC Infratec  [2] 275.20 261.55 277.40 277.40 256.30 401.24 395.55 217.50 15 262.05PodarHseDVPT 236.75 230.90 223.50 245.00 216.20 5.73 312.90 139.00 ­  233.40PoddarPigmen 295.10 293.15 297.00 306.00 290.10 21.87 434.00 162.50 12 293.50Pokarna Ltd   [2] 720.75 703.25 706.25 720.00 700.00 43.62 832.00 193.65 ­  701.35Poly.Medi   [5] 743.45 716.60 743.00 743.00 703.50 50.11 1163.00 648.80 48 714.75PolycabIndia 2380.20 2380.95 2374.00 2414.25 2338.00 338.51 2771.75 1126.10 ­  ­ Polyplex 1985.30 1935.20 1958.00 1975.55 1930.00 68.21 2150.00 761.50 10 1936.85PonawalaFinC 254.25 243.25 252.00 254.75 240.10 2615.64 302.90 101.55 ­  ­ Ponnie Sug 232.15 225.60 232.00 238.40 223.35 13.78 382.50 131.15 8 225.55Power Mech 906.05 891.40 892.00 906.60 885.00 21.10 1094.70 500.05 10 891.10PowerGrid 195.70 198.15 195.70 199.00 195.55 8011.98 220.85 148.88 10 198.10Praj  Ind   [2] 353.60 338.85 350.00 351.50 336.00 600.58 448.25 135.60 46 339.05PrakashPipes 154.05 154.10 155.00 160.50 150.25 138.34 194.70 111.00 ­  ­ Praksh.Ind 63.50 63.25 63.50 65.85 61.50 1280.03 104.65 50.85 7 63.20Praksh.Stl   [1] 6.30 6.00 6.15 6.20 6.00 826.61 9.92 0.72 2 6.00PratapSnack  [5] 750.25 729.15 750.00 756.30 715.00 5.76 953.00 484.65 52 725.45PraxisHomeR[5] 69.70 67.00 71.00 72.50 66.25 17.11 76.80 17.83 ­  66.70PrecisionCam 144.70 134.25 142.50 144.55 132.15 286.37 189.50 38.05 22 134.65Precot 348.95 335.25 349.00 349.60 327.70 17.56 400.00 95.35 ­  ­ Precsn.Pipe 209.30 207.60 209.10 213.25 200.45 21.48 339.35 173.65 28 206.55PremierExplo 268.50 281.90 281.90 281.90 281.90 33.44 324.10 121.30 42 282.45PremPolyfi�l  [5] 79.15 73.40 77.10 77.65 71.30 13.46 58.87 27.11 ­  37.30Pressman  [2] 40.45 38.70 41.40 41.40 38.50 58.35 53.50 20.55 20 38.90Prestige Est 445.50 446.35 445.50 451.80 438.95 801.46 553.40 260.15 54 445.90PRICOL  [1] 125.40 122.35 124.50 124.90 121.00 756.70 139.45 60.00 47 122.25Prime Foc   [1] 82.70 78.60 83.95 84.40 78.60 76.41 102.75 48.55 ­  78.65Prime.Sec   [5] 103.35 100.70 100.40 106.00 95.25 49.53 133.25 39.65 22 99.95PrincPipeFit 669.15 666.60 655.65 672.00 655.10 141.27 897.00 385.00 ­  ­ PrismJohnson 119.05 120.25 119.65 121.00 117.00 329.27 160.00 101.60 24 120.25Prit.Nandi 51.70 49.05 50.10 50.85 48.70 42.42 73.00 17.10 ­  49.05PritikAutoIn 17.00 16.50 17.00 17.20 16.20 150.69 22.80 13.75 ­  ­ PriviSpecial 1914.75 1815.65 1896.00 1942.45 1785.05 26.69 2249.00 599.90 ­  ­ PSPProjects 538.00 518.60 538.00 539.95 511.20 122.79 639.00 394.00 12 518.70PTC 87.95 87.15 87.90 89.25 86.00 502.45 144.45 69.00 6 87.25PTC  Ind Fin 17.40 16.75 17.20 17.40 16.65 928.22 25.90 15.75 16 16.80PTL Ent   [1] 31.15 30.15 31.10 31.25 30.00 141.60 41.80 17.53 10 30.15PudumjeePap[1] 36.70 35.20 35.85 36.50 35.05 126.61 50.90 20.20 6 35.20Pun.Natl.Bk   [2] 37.75 37.50 37.55 37.80 37.2034670.09 47.60 31.50 11 37.50Punj.Chem 1422.00 1400.80 1405.10 1427.90 1389.65 6.66 1930.00 841.00 23 1403.55Punj.Mohta 26.25 24.95 25.75 26.75 24.95 25.19 36.75 15.05 ­  24.75Puravankra   [5] 121.10 105.10 120.60 121.00 103.85 828.03 166.35 63.00 15 105.00PVP Ven 6.25 6.00 6.00 6.40 5.95 87.76 10.05 4.18 ­  5.95PVR 1570.20 1562.00 1570.00 1578.45 1531.95 736.31 1838.00 961.00 ­  1562.05

Q . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Quess Corp 648.25 611.55 649.10 651.45 606.85 432.63 990.00 532.60 ­  610.45QuickHealTec 195.80 191.35 192.00 194.20 190.25 45.45 319.90 150.10 12 191.50

R . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .R Sys  Intl   [1] 265.55 221.15 258.55 265.00 213.20 216.47 354.55 109.00 23 220.45Radico   [2] 972.75 934.75 970.00 970.00 928.00 238.26 1299.85 494.75 45 935.50RagegainTrvl 355.50 335.90 354.00 354.60 330.35 598.69 525.00 297.40 ­  ­ RailTelCorp 102.90 100.15 102.55 102.85 99.60 496.89 189.70 89.20 ­  ­ RailVikasNgm 33.05 32.35 33.05 33.05 32.10 2368.47 44.80 26.35 ­  ­ Rain  Ind   [2] 228.05 221.00 227.00 227.00 220.00 1517.78 272.90 137.70 ­  221.20Raj.Exp   [1] 811.50 788.90 816.35 817.40 785.50 75.53 994.50 471.50 26 789.05RajnandniMet 240.40 243.65 240.00 244.90 238.90 10.37 270.00 64.80 ­  ­ RajOilMills 68.60 68.70 67.25 72.00 66.30 16.84 150.35 51.10 ­  ­ RajsrePolypk 189.60 183.00 189.40 190.35 181.55 33.17 284.00 181.55 ­  ­ Rallis   [1] 247.30 242.70 247.35 247.35 240.85 147.90 362.00 240.85 25 242.50Rama News 18.85 18.40 19.20 19.20 18.15 50.47 27.60 13.85 ­  18.55Rama Steel   [5] 336.50 322.15 330.00 337.75 320.50 65.60 455.15 66.60 59 321.70Ramco Cem  [1] 836.70 823.95 835.85 839.20 805.40 912.85 1130.95 805.45 20 825.15Ramco  Ind   [1] 238.65 226.95 239.85 244.60 225.00 65.79 366.00 223.65 17 227.80Ramco Sys 335.80 326.15 334.50 335.00 324.00 97.27 686.00 316.30 ­  326.55Ramk.Forg 897.40 869.45 888.00 890.15 864.05 49.27 1259.60 484.85 18 871.80Ramky  Inf 218.75 209.40 216.50 217.95 205.25 121.03 258.35 59.70 9 209.10Rana Sug 27.90 26.60 27.90 27.90 26.45 889.73 38.30 6.70 3 26.60Rane (M) 373.80 362.70 373.00 374.95 359.90 27.19 496.00 268.30 28 362.00Rane Brk 737.75 729.30 739.00 739.95 723.00 3.42 1200.90 704.40 20 725.50Rane Eng 267.55 258.55 267.55 267.55 256.20 3.91 386.00 245.00 ­  258.70Rane Hld 601.65 592.05 601.00 606.00 589.00 16.89 782.45 544.85 39 591.35RatanindiaEn 48.15 45.20 48.00 48.00 44.90 1073.13 65.90 4.55 ­  ­ Ratnamani   [2] 2208.35 2198.15 2225.00 2225.00 2157.60 16.11 2300.00 1612.15 32 2194.50RavindrHeigt 25.40 24.35 25.00 25.90 24.20 17.66 34.80 15.05 ­  ­ Raymond 735.90 703.10 731.40 733.90 699.00 354.70 818.25 310.00 25 703.15RBL Bank 140.25 137.95 138.50 141.70 137.50 8820.44 256.70 123.70 ­  138.10RCF 73.70 71.40 73.55 73.65 71.00 1454.25 100.15 53.00 8 71.40RECL 126.25 125.50 126.00 127.45 124.35 2667.10 168.70 122.20 2 125.60Redington   [2] 160.35 156.15 157.60 159.40 154.30 2450.24 179.25 73.80 13 156.05Refex Ref 128.85 126.50 126.05 131.70 125.00 140.26 173.10 78.00 9 126.35Rel Cap 13.75 13.10 13.50 13.70 13.10 1760.31 30.80 9.30 ­  13.10Rel.Ind.Inf 804.45 763.90 800.00 805.55 756.60 400.08 1031.25 344.00 142 762.90Rel.Infra 120.10 112.70 120.50 123.75 111.15 3716.30 149.50 29.95 ­  112.85Relaxo   [1] 1271.30 1254.90 1269.95 1279.90 1251.00 102.45 1447.00 810.00 115 1254.30Reliance 2424.40 2399.90 2412.00 2437.50 2384.60 5125.97 2750.00 1877.60 46 2400.15Religare 123.65 123.00 122.00 126.65 121.15 565.20 194.50 65.55 ­  123.10Remsons 207.60 207.90 213.85 213.85 204.20 6.01 313.80 125.00 34 209.00RenaisncGlob 848.70 862.75 848.70 873.95 825.00 29.36 1090.90 281.55 ­  ­ Repco Home 232.45 226.55 237.10 237.10 223.00 278.20 429.25 221.55 7 226.20Repro 453.40 448.70 450.00 459.05 440.00 11.56 660.00 325.05 ­  444.85Resp.Ind   [1] 191.10 185.20 190.00 190.95 185.00 204.66 215.00 98.05 ­  185.10RestrntBrndAsia 127.70 117.30 127.00 127.10 108.1011882.33 189.70 108.10 ­  ­ Revathi 704.45 672.80 661.10 695.65 661.10 2.11 957.00 455.50 20 677.50RHIMagnesInd 554.80 524.45 546.00 546.00 518.00 304.22 564.00 219.95 ­  ­ Rico Auto   [1] 38.80 37.20 39.00 39.05 36.70 254.43 62.30 35.25 18 37.30RITES 250.65 249.90 250.65 253.00 245.75 88.31 318.00 232.40 12 249.85RKECProjects 58.20 56.90 57.60 58.45 56.05 12.54 117.00 54.80 ­  ­ RolexRings 1220.15 1232.45 1239.00 1267.30 1207.40 33.06 1394.00 994.80 ­  ­ Rolta 6.50 6.20 6.55 6.65 6.20 436.74 10.12 3.19 ­  6.20

RosariBiotec 1039.35 1008.40 1039.35 1040.00 1005.00 50.84 1619.00 905.20 ­  ­ Rossell   [2] 132.25 128.70 133.45 134.95 127.55 38.97 216.05 98.25 36 129.45RouteMobile 1518.20 1495.10 1510.00 1565.05 1474.00 360.40 2389.00 1395.45 ­  ­ Royal Orchd 106.30 102.95 107.00 109.75 100.50 714.84 113.40 57.25 ­  102.85RPG Life   [8] 555.60 534.20 548.00 553.45 531.10 15.24 751.80 360.00 17 532.25RPower 14.15 13.60 13.85 14.15 13.4528841.00 19.25 3.01 ­  13.60RPP  Infra 51.75 48.90 50.30 51.60 48.20 177.18 78.75 37.71 8 49.00RPSGVentures 657.85 642.30 664.95 665.00 635.00 20.41 1144.90 292.95 ­  ­ RS Soft   [5] 34.75 33.25 34.75 36.80 33.00 103.16 51.90 23.55 ­  33.45RSWM 423.25 392.70 411.50 419.85 377.75 148.33 546.00 154.25 5 393.30Ruby Mills   [5] 362.15 341.55 355.55 368.95 337.80 45.97 441.90 156.55 18 340.90Ruch.Paper 81.00 81.20 81.00 82.50 79.25 52.09 105.60 57.00 8 80.90RuchiSoyaInd 860.60 828.40 861.00 861.05 821.10 16.22 1376.70 629.15 ­  ­ RudrabhshEnt 225.50 214.00 229.85 229.85 211.60 24.40 280.00 168.00 ­  ­ Rupa    [1] 471.05 461.15 470.80 470.80 456.00 210.09 560.70 288.45 18 461.25Rush.Decor 404.40 375.35 404.30 405.90 371.55 84.17 443.80 163.05 59 375.75

S . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .S H Kelkar 148.15 145.00 147.15 148.50 144.55 132.65 207.30 103.65 35 144.90Sadbhav   [1] 36.15 33.50 36.50 36.50 33.25 615.10 96.30 33.30 10 33.60SadbhavInf 12.60 11.80 12.60 12.70 11.65 505.83 41.50 11.65 ­  11.83SafariIndia 867.50 826.45 875.00 875.50 824.00 13.69 1051.05 542.05 ­  ­ Sagar Cem  [2] 251.40 244.40 251.45 258.00 242.30 42.95 319.00 133.00 24 244.90SAIL 96.85 95.60 96.50 97.90 95.3024726.79 151.10 65.15 3 95.60SakarHealth 121.15 118.60 121.00 121.50 117.00 15.49 212.00 89.75 ­  ­ Saksoft 915.00 894.55 891.10 925.00 886.25 22.29 1172.35 338.80 50 892.25Sakuma  [1] 12.15 11.30 12.15 12.40 11.10 526.47 15.50 4.25 ­  11.30SAL Stl 10.80 10.30 10.80 10.80 10.30 212.96 17.55 2.99 4 10.31SalasarTech 217.75 255.45 219.90 261.30 218.50 1412.63 370.75 170.10 22 255.15SalonaCot 243.85 217.70 254.00 254.00 214.05 29.24 372.00 75.10 6 217.35Salzer Elec 184.50 174.00 184.00 185.70 173.00 113.37 263.50 110.15 11 173.95Sandesh 728.00 712.70 731.00 731.25 712.00 1.49 1079.00 610.60 7 718.80SandharTech 239.50 235.05 239.50 241.00 232.05 26.74 333.00 175.00 18 235.50Sangam 344.20 317.55 334.50 337.35 292.30 77.41 423.40 70.35 11 321.25Sangh.Mov   [2] 219.80 209.85 219.00 219.80 208.00 57.55 262.00 99.75 49 210.30Sanghi  Ind 52.50 49.75 53.00 53.00 49.20 348.91 84.70 38.45 21 49.70SanginitChem 23.95 23.75 24.50 24.50 23.20 88.00 47.20 18.00 ­  ­ Sanofi� 7299.85 7172.70 7250.00 7278.00 7148.45 10.57 9300.00 6949.35 27 7176.15SanseraEngg 657.70 648.05 673.00 673.00 644.00 18.45 889.00 644.00 ­  ­ SapireFoodIn 1415.35 1331.15 1400.00 1400.00 1308.00 243.28 1540.00 974.45 ­  ­ Sarda Ene 810.95 777.85 802.00 806.85 772.60 26.07 959.45 355.85 5 780.10Sarla Perf   [1] 62.15 59.60 62.10 62.10 59.00 176.50 78.30 23.25 8 59.55SarthakMetal 114.40 109.80 112.95 117.00 109.00 14.08 144.00 89.90 ­  ­ Sasken 908.80 893.00 906.25 909.95 882.00 16.77 1528.95 805.00 11 892.35SastaSunVent 407.45 397.25 423.00 426.00 390.00 80.99 583.00 97.00 ­  396.05SatiaIndus 97.05 93.90 95.55 96.85 93.50 201.84 118.00 73.00 ­  ­ Savita  1069.70 1026.75 1069.70 1069.70 1015.50 15.52 1822.65 920.00 5 1027.70SBI    [1] 515.30 511.85 511.55 517.50 504.6516866.93 549.05 321.15 13 511.85SBICards&Pay 826.40 802.45 826.40 826.40 801.00 1151.63 1165.00 781.20 ­  ­ SBILifeInsur 1150.50 1134.75 1145.00 1150.50 1123.00 1020.38 1293.00 840.00 83 1129.15Schaefl�erInd  [2] 1844.35 1867.15 1872.95 1900.00 1825.00 223.68 1928.01 964.95 46 1867.70SChand&Co  [5] 109.70 106.20 108.00 109.30 105.35 45.61 149.40 71.35 61 106.25Schneider   [2] 123.70 117.95 122.00 126.25 116.00 1744.60 147.00 86.50 ­  118.05SCI 116.80 113.20 115.90 116.25 112.50 1115.32 160.20 91.25 7 113.45Seamec 1198.50 1106.95 1198.50 1198.50 1100.00 6.58 1309.35 385.50 28 1110.95SecureludTec 109.55 101.10 107.00 109.30 99.85 45.72 243.75 80.00 ­  ­ SecuriIntSvc  [5] 499.45 497.95 499.00 514.00 491.00 391.68 559.75 350.45 64 496.95Selan Exp 153.20 158.30 152.95 160.00 151.50 323.20 180.05 113.10 30 158.40Sequent Sc   [2] 150.35 142.30 149.00 152.30 140.10 1531.39 336.40 140.00 ­  142.15Sesh.Paper   [2] 144.95 144.75 150.00 150.00 143.15 98.93 230.00 137.10 8 145.35SetcoAuto   [2] 16.15 15.60 15.75 16.30 15.50 136.99 25.20 12.75 ­  15.60Shah Alloy 66.20 62.90 68.00 69.00 62.90 248.89 69.45 7.73 2 62.85Shakt.Pump 582.75 556.30 572.75 580.45 552.05 63.55 910.00 475.00 17 555.65Shal.Paints   [2] 136.15 135.95 136.00 139.90 133.00 271.86 150.60 82.90 ­  135.85SHALBY 135.60 133.20 134.95 137.05 132.10 69.88 214.00 96.05 21 133.00ShankarBldg 706.60 698.25 712.90 721.00 682.90 340.25 751.00 359.50 70 694.50Shanthi Grs   [1] 180.25 192.60 180.25 205.60 178.65 938.28 211.20 119.65 37 192.55ShardMotor   [2] 725.80 719.75 710.15 731.00 694.45 12.35 950.00 323.65 14 722.00ShardaCropch 561.05 529.10 559.90 561.00 524.95 161.77 673.00 274.00 18 528.15ShareIndSec 1134.85 1129.45 1106.05 1134.00 1100.00 36.36 1368.85 221.20 ­  ­ SheelaFoam  [5] 3251.50 3255.55 3267.80 3300.00 3200.00 47.88 3949.40 1900.00 78 3251.05Shemaroo Ent 122.45 114.65 119.00 119.95 113.15 55.97 181.00 63.25 46 115.50Shilpa Med  [1] 452.85 444.00 451.85 468.60 441.95 142.17 670.95 317.05 31 444.05Shiv.Global 27.55 26.20 26.25 26.65 26.20 41.81 38.95 7.85 21 26.15ShivalikBimt 459.10 431.65 451.35 458.95 428.00 60.89 508.75 115.10 ­  ­ Shivam Auto  [2] 25.20 26.25 25.80 26.45 24.50 909.70 44.85 13.97 ­  26.30ShivaMills 126.40 120.10 128.95 128.95 120.10 9.32 209.00 40.00 6 120.95ShivaTaxyarn 219.30 212.45 215.05 228.15 206.05 20.36 322.15 126.00 12 211.50ShivlkRasayn 876.45 857.60 899.00 899.00 853.50 4.58 1195.00 852.10 ­  ­ Shop.Stop   [5] 339.95 331.10 340.00 346.15 328.00 61.38 425.00 180.00 ­  331.60Shr.CU.Fin 1792.15 1738.95 1775.90 1792.05 1730.00 13.77 2600.00 1321.55 11 1736.95Shr.EPC 8.55 8.75 8.55 9.10 8.15 1520.27 12.42 3.80 ­  8.76Shr.Ren.Sug   [1] 34.80 33.05 34.60 34.90 32.80 6601.66 47.75 9.00 ­  33.00Shr.Tr.Fin 1258.10 1220.20 1244.00 1252.55 1210.10 909.20 1696.15 1104.05 14 1220.35ShradInfProj 57.35 57.55 56.95 59.20 56.95 11.76 80.00 35.55 ­  ­ Shre PushChe 235.60 226.45 235.60 244.70 223.20 122.06 274.95 115.50 19 226.20ShreDigvjCem 65.75 63.80 66.70 66.70 63.05 195.00 97.80 55.05 ­  ­ ShreeCement 24349.55 24678.35 24340.00 24993.00 24050.05 65.70 32050.00 23505.70 36 24691.65Shreyans 110.25 108.60 111.95 118.85 107.50 231.61 152.00 77.00 8 108.65Shreyas 314.65 298.00 310.00 313.80 291.70 103.70 448.00 70.00 5 296.85ShriramPropr 87.35 84.30 88.00 88.15 84.05 447.31 115.75 79.50 ­  ­ ShyamCent   [1] 18.95 17.70 18.30 18.45 17.30 923.70 21.85 4.82 8 17.60ShyamMetalic 323.45 317.45 321.05 322.75 310.00 286.19 461.15 300.00 ­  ­ Siemens   [2] 2457.40 2415.60 2453.95 2475.60 2406.00 256.13 2577.45 1718.00 81 2416.15SigachiIndus 318.75 314.55 317.60 320.95 312.05 77.42 494.00 306.35 ­  ­ SignetIndus 47.50 45.65 47.40 47.50 45.35 30.96 69.45 26.40 ­  ­ SikkoIndust 56.75 53.95 55.65 58.50 53.95 1.19 79.65 38.60 ­  ­ SIL  Inv 334.30 334.05 334.20 351.75 329.95 16.16 378.00 166.60 22 333.20SilgoRetail 30.85 30.50 30.35 30.80 30.30 8.54 66.70 28.50 ­  ­ SillymonkEnt 23.00 23.45 23.00 24.00 22.10 7.27 32.80 17.15 ­  ­ SimbholiSug 20.30 19.70 20.20 20.20 19.50 48.66 44.60 6.36 ­  19.70Simp.Inf   [2] 39.20 37.25 39.45 39.45 37.25 101.63 56.05 27.80 ­  37.55SintercomInd 94.00 92.15 94.10 95.20 92.00 30.21 108.00 61.20 ­  ­ Sintex   [1] 8.80 8.40 8.75 8.75 8.40 5528.82 20.45 3.23 ­  8.40SintexPlaTec 8.20 7.80 8.00 8.15 7.80 2922.11 15.30 2.95 ­  ­ SircPaintInd 471.40 460.10 472.00 474.80 456.00 16.51 625.00 283.00 ­  ­ Siyaram  [2] 463.55 443.10 452.50 462.80 441.40 118.02 531.30 180.65 11 442.25SJSEnterpris 386.90 382.15 388.80 388.80 378.00 46.27 551.00 339.50 ­  ­ SJVN 30.30 29.00 29.30 29.60 29.00 2405.20 33.80 24.50 7 29.00SKF  India 3483.85 3419.20 3500.00 3516.30 3376.45 28.78 4245.25 2059.50 43 3412.40Skipper   [1] 71.15 68.15 71.50 71.80 68.00 150.49 98.35 51.50 56 68.15SKM Egg 68.30 66.10 67.20 67.65 64.95 61.36 98.45 43.65 16 66.45Smartlink   [2] 135.35 128.90 135.35 135.35 128.60 9.41 253.80 78.10 ­  129.00SMCGloblSecu 76.10 74.35 75.30 76.10 73.80 69.87 104.75 65.80 ­  ­ SML  Isuzu 587.15 552.40 590.50 590.50 546.00 28.87 842.80 430.05 ­  554.50SMS Phr   [1] 105.30 102.40 101.25 106.00 101.25 56.35 199.15 100.55 11 102.25SMSLifeScien 689.95 679.35 676.20 698.05 670.00 1.28 1024.90 469.75 ­  ­ SnowmanLogi 36.20 35.55 35.50 36.30 34.75 736.89 59.70 34.70 ­  35.00Sobha 757.90 750.35 754.15 760.00 727.15 329.31 1045.00 402.50 69 750.50Solar  Ind   [2] 2289.95 2311.55 2289.95 2358.00 2271.00 18.52 2932.95 1198.45 91 2306.95SolarActPhSc 769.20 705.70 767.95 767.95 700.00 223.62 1859.95 606.00 ­  ­ Som Dist   [5] 39.30 37.30 39.30 39.40 36.55 144.19 58.87 27.11 ­  37.30Soma Text 7.10 7.45 7.45 7.45 7.45 10.67 14.17 4.68 ­  8.42Somany   [2] 795.90 785.25 780.00 801.75 770.00 27.98 952.45 336.00 30 786.85SomanyHomInn 415.20 404.20 413.90 413.90 390.65 211.60 464.00 245.50 ­  ­ SomiConveyor 43.45 42.00 42.50 47.00 41.55 36.47 68.50 29.30 33 41.70SonaBLWPrecn 656.60 656.20 646.00 665.00 632.00 1012.17 839.90 295.00 ­  ­ Sonata   [1] 760.90 739.30 756.00 756.00 725.00 172.52 1030.00 387.15 32 739.05SorilInfrRes 96.85 86.00 98.00 98.10 83.35 158.56 227.35 84.10 ­  86.55South  In Bk   [1] 8.55 8.35 8.50 8.55 8.25 7325.68 13.95 7.54 ­  8.36SouthWestPin 232.20 212.15 235.00 235.00 209.00 49.56 249.00 33.85 ­  ­ SpandnaSphor 388.70 374.85 391.00 397.70 373.00 237.71 820.00 331.55 ­  ­ SPApparels 417.55 409.05 419.70 419.70 403.85 33.43 530.00 140.00 16 408.20Spec.Rest 146.50 148.00 146.00 161.30 142.20 1902.22 161.75 35.00 40 147.95SpencersRetl 85.25 83.15 84.30 85.25 81.95 152.01 144.30 65.70 ­  ­ SPIC 60.55 57.10 60.20 60.85 56.50 1673.53 68.45 23.75 7 57.00Spicejet 62.20 63.50 62.45 64.85 60.75 6163.15 90.60 56.25 ­  ­ SPL  Ind 57.00 54.20 55.15 56.45 54.00 42.84 75.55 30.60 9 55.15Sr.Leathrs 167.25 163.90 171.40 171.80 163.00 30.98 233.95 131.20 22 165.90Sr.Ray.HHP 434.95 410.85 441.45 459.40 405.30 357.03 459.00 225.65 9 411.60SREI  Infr 5.60 5.35 5.60 5.60 5.35 507.11 18.39 3.47 1 5.37SRF 2382.95 2375.40 2350.00 2406.95 2334.00 394.66 2679.00 1026.63 53 2375.50StampedeCap 9.50 9.05 9.20 9.45 9.05 75.27 13.35 1.85 ­  ­ Star Pap 131.70 127.55 131.05 131.35 126.00 28.74 181.60 108.15 8 128.00StarCement   [1] 93.05 90.60 93.30 93.40 90.50 71.09 120.00 88.50 22 90.55StarHealth 727.40 726.00 727.00 732.00 708.00 211.20 940.00 708.00 ­  ­ STC  India 99.15 95.20 99.00 101.10 93.35 26.35 138.75 65.00 ­  95.40Steel Strp   [5] 780.55 764.50 775.00 786.05 748.20 25.51 995.00 307.80 12 764.80STEELCAST 285.00 280.15 283.70 294.90 280.00 1.94 341.05 259.90 ­  ­ SteelCitySec 69.80 64.75 69.70 70.65 64.35 63.06 98.70 32.55 ­  ­ Stel Hld   [1] 136.30 133.35 136.50 137.15 131.20 9.09 0.24 0.20 ­  ­ Ster.Tool   [2] 152.95 150.45 150.15 152.65 149.00 21.34 257.00 149.00 16 150.75Sterlg&Wilsn 347.45 331.15 347.00 347.00 330.00 379.92 509.10 183.50 ­  ­ SterliteTech 196.70 194.85 195.10 196.40 189.45 552.85 318.00 189.45 ­  ­ StoveKraft 669.15 631.00 672.00 673.45 616.90 72.19 1133.70 406.10 ­  ­ Str.Arcolab 364.20 354.55 364.20 367.35 353.00 354.05 946.80 344.50 115 354.85StylamIndust 938.95 909.75 930.00 937.00 905.00 4.98 1419.90 861.10 ­  ­ SUBEX 41.50 38.00 41.50 41.50 37.65 6881.17 74.40 26.75 ­  ­ Subros   [2] 343.10 340.10 343.10 343.10 331.05 14.77 418.00 283.40 54 340.10Sud.Chem  [2] 568.80 559.30 569.55 573.00 546.20 81.85 791.95 498.15 35 560.20Sumeet 10.65 10.15 10.35 10.75 10.15 562.56 14.43 2.56 5 10.08Sumit.Sec 678.35 672.85 658.00 715.00 658.00 11.09 899.00 460.05 35 671.75SumitomoChem 377.65 369.85 375.00 377.85 366.05 164.71 459.90 268.20 ­  ­ SumitWoods 14.10 13.85 13.55 14.45 13.55 65.44 22.00 8.00 ­  ­ Sun Pharma  [1] 862.90 843.85 855.50 864.00 839.50 2305.71 902.50 561.65 116 842.95Sun Phr Adv  [1] 305.65 293.10 304.50 304.50 290.10 313.36 348.75 141.00 ­  293.75Sun TV  [5] 485.45 472.70 484.50 488.70 471.00 1386.97 611.25 446.00 11 473.45Sund.Brak 388.00 373.55 380.00 385.15 371.00 3.54 489.95 316.05 ­  376.10Sund.Clay   [5] 3998.00 3823.70 3999.95 4000.05 3800.00 6.12 5123.55 2821.15 57 3826.25Sund.Fast   [1] 861.60 840.10 866.00 866.10 821.25 50.23 993.00 654.65 38 839.85Sund.Fin 2095.25 2041.80 2057.25 2080.00 2016.05 55.67 2883.95 2021.90 28 2043.25SundarFinHol 79.35 77.10 79.10 79.45 76.50 73.20 94.70 65.70 ­  ­ Sunfl�ag 72.05 69.40 71.90 71.90 69.05 138.61 96.55 56.70 5 69.50Sunteck   [1] 448.40 440.65 444.60 448.00 432.00 335.68 589.95 250.05 ­  441.05Superhouse 182.20 176.65 176.50 181.50 175.20 14.22 245.05 107.20 8 176.65Supr.Ind   [2] 1965.60 1951.75 1958.00 1978.05 1932.05 67.59 2689.00 1855.80 28 1951.70Supr.Petro 660.00 644.30 650.00 655.00 640.05 47.67 820.00 377.05 9 642.95Suprajit   [1] 328.50 321.45 328.50 331.25 307.00 282.61 478.00 240.10 32 325.15SupremeEngg 20.75 20.45 20.75 20.90 20.20 34.13 40.05 17.70 ­  ­ SupryaLifeSc 411.55 397.85 412.00 418.25 395.10 545.63 601.90 383.20 ­  ­ Surya Rosh 450.70 437.55 450.90 451.00 435.00 64.19 868.40 328.70 13 437.40Suryalaxmi 79.45 75.50 77.15 77.20 75.50 27.88 98.90 27.40 8 75.55SuryodaySFB 126.70 124.15 125.00 128.95 123.85 29.21 296.35 123.85 ­  ­ Sutlej Te   [1] 81.60 75.90 80.60 80.85 74.80 218.18 104.85 36.80 9 76.00

SuumayaLife 298.35 297.35 300.10 304.80 290.00 105.46 736.85 197.65 ­  ­ Suven Lif   [1] 82.65 80.55 82.10 83.25 80.00 147.81 124.40 69.65 ­  80.85SuvenPharma 551.25 549.45 545.70 552.00 538.45 204.62 590.00 450.00 ­  ­ SuvidaInfSvc 10.65 10.15 10.60 10.65 10.15 249.22 59.65 9.70 ­  ­ Suzlon   [2] 10.15 9.65 9.75 9.95 9.6596950.62 13.10 4.36 ­  9.68SVPGlobalVen 65.45 68.35 64.50 69.50 61.75 1457.58 164.85 61.75 ­  ­ Swan Ener   [1] 163.40 164.25 164.95 167.90 157.50 146.61 185.05 112.50 ­  164.65Swaraj Eng 1413.55 1396.45 1420.65 1430.00 1388.30 3.25 1989.90 1254.95 14 1395.55Symphony   [2] 984.65 973.45 984.65 985.30 970.00 22.15 1529.65 890.00 58 972.65SynergGreen 170.75 164.50 167.40 168.50 159.95 11.31 243.00 135.90 ­  ­ Syngene  Int 563.50 548.05 563.45 565.45 545.00 772.09 699.95 490.35 54 550.00

T . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Tainwala 66.00 67.65 66.10 69.80 66.00 5.61 124.00 53.85 36 68.00Taj GVK  [2] 134.25 135.85 134.80 140.90 131.65 777.37 161.15 102.20 ­  135.70Take Sol   [1] 35.20 33.00 35.15 35.40 32.80 521.27 74.65 32.75 ­  33.05Talbros 478.15 457.60 473.00 477.65 451.60 43.88 654.90 193.05 15 457.95Tanla Sol   [1] 1654.65 1586.75 1600.05 1649.90 1562.15 227.51 2094.40 735.00 179 1587.35Tarmat 62.90 59.15 63.90 63.90 58.10 35.51 98.00 42.10 18 59.30TarsonsProd 655.55 656.25 650.00 674.45 643.45 108.42 924.90 581.45 ­  ­ TastyBiteEat 12398.80 11953.05 12399.00 12399.00 11873.00 0.85 21470.50 11917.00 157 11963.85Tata Chem 886.90 876.90 886.80 890.50 872.00 1119.31 1158.00 615.65 34 874.75Tata Cof   [1] 206.95 201.70 204.80 205.60 201.30 632.15 254.00 91.15 33 201.70Tata Com 1236.70 1233.35 1231.05 1244.45 1207.60 285.83 1590.00 930.05 35 1233.20Tata Elxsi 6985.50 6733.00 6915.00 6943.60 6710.40 235.15 7949.00 2544.80 83 6732.40Tata  Inv 1407.85 1378.70 1400.05 1407.00 1374.20 20.21 1734.00 953.00 38 1378.60Tata M DVR  [2] 239.35 235.95 236.75 239.95 233.75 1252.81 298.50 117.00 ­  235.85Tata Metlk 785.00 766.55 782.50 784.60 764.45 39.90 1374.00 695.00 9 767.30Tata Motors  [2] 493.15 494.45 490.15 500.40 486.1022592.16 536.50 268.50 ­  494.70Tata Steel 1190.80 1181.85 1188.00 1202.00 1174.40 4978.73 1534.60 656.55 5 1181.50TataConsuPro 717.50 713.20 710.50 721.35 704.50 1542.81 889.00 577.05 ­  ­ TataPowerC[1] 225.75 225.00 224.00 227.65 222.2524657.96 269.70 89.00 32 225.00TataStlLngPr 711.50 709.35 701.00 725.00 701.00 74.86 1087.70 644.45 ­  ­ TatvaChinPha 2310.35 2233.30 2285.00 2300.00 2221.00 19.76 2977.80 2001.00 ­  ­ TCI Devl 311.50 317.80 305.15 328.90 300.05 2.04 549.00 278.55 ­  315.50TCI Express   [2] 1723.35 1680.45 1695.00 1745.40 1653.90 14.83 2570.00 807.00 48 1672.65TCNSClothing 668.60 663.80 662.00 694.20 659.50 19.51 932.00 437.35 ­  ­ TCPLPackage 718.85 781.35 748.70 837.00 745.10 895.19 837.00 360.00 ­  ­ TCS  [1] 3793.90 3719.40 3810.00 3827.80 3705.55 7465.92 4045.50 2701.00 38 3720.25TD Power 386.45 366.85 384.75 389.10 365.05 69.69 492.60 141.90 27 368.60TeamleaseSvc 3971.75 3915.50 3995.00 3995.00 3877.35 5.45 5544.10 2777.20 72 3906.05TechInd Nirm 10.20 10.70 10.70 10.70 10.70 28.68 10.83 2.50 ­  10.83TechMahind  [5] 1437.95 1418.20 1427.15 1440.00 1410.10 2109.46 1837.75 915.05 27 1418.35Technocr 867.50 826.65 851.00 861.65 820.35 7.64 993.40 345.05 11 827.85TechnoEle&En 259.85 252.90 262.90 262.90 250.00 64.62 362.80 222.00 ­  ­ TegaIndust 475.20 450.25 474.00 477.45 447.30 152.29 767.70 447.30 ­  ­ TejasNetwork 443.75 421.95 433.60 444.00 421.60 233.02 570.50 156.50 ­  ­ TemboGlblInd 298.90 283.90 298.50 298.80 269.05 190.17 334.55 116.50 ­  ­ TeraSoftware 53.60 50.85 50.60 54.00 50.50 53.18 85.00 33.00 ­  50.95Tex.Infra   [1] 60.50 59.45 59.15 60.90 58.40 58.30 83.75 50.00 ­  59.50Tex.Pipe 78.20 78.85 76.55 82.00 74.15 294.08 100.90 24.20 14 78.75Tex.Rail   [1] 37.05 34.75 36.55 37.35 34.40 2057.40 49.80 21.83 ­  34.80TGB Banq 8.75 8.70 8.75 8.95 8.60 15.00 12.90 4.14 ­  8.81Thanga.Jwl 1134.20 1099.35 1134.20 1134.20 1093.00 5.05 1520.00 575.00 34 1091.65The Byke Hos 32.30 32.45 32.20 35.00 31.10 148.76 43.60 16.55 ­  32.45TheAnupEngg 861.65 832.90 840.05 859.00 823.20 15.84 1236.95 548.00 ­  ­ TheGrobTeaCo 989.45 961.25 966.00 974.00 952.45 0.28 1444.80 761.35 ­  ­ TheInvstTrst 103.00 100.35 103.00 105.85 99.00 20.10 141.15 83.00 ­  ­ TheMandRetVe 17.25 16.50 16.50 17.00 16.20 131.50 25.00 10.35 ­  16.45TheNewIndA [5] 131.50 126.85 130.00 130.00 126.50 162.85 182.90 126.15 22 126.50Thermax   [2] 1867.55 1800.15 1855.00 1885.95 1788.95 108.46 2174.00 1140.00 85 1797.65Thiru.Chem  [1] 239.25 226.85 240.00 242.35 225.00 620.55 357.25 85.00 13 227.50Thom.Cook   [1] 67.55 63.35 67.35 67.40 58.55 762.51 85.45 41.60 ­  63.30ThyrocareTec 889.95 877.15 885.75 891.35 868.40 73.91 1465.90 832.00 28 876.40Tidewater   [2] 1396.65 1365.00 1382.00 1390.00 1354.00 13.68 3693.75 840.00 24 1365.85TIL  122.10 115.20 121.10 121.10 113.15 16.10 245.00 112.80 ­  117.65Tilakngr  Ind 72.50 68.95 72.00 72.70 68.90 972.39 103.80 27.50 ­  69.00Time Gty 91.40 82.30 89.60 89.60 82.30 136.34 93.70 21.45 13 82.30Time Tech   [1] 74.95 72.40 75.65 75.65 72.00 538.26 94.50 52.35 16 72.60Timken 1965.30 1972.55 1966.00 1988.00 1926.60 25.82 2174.55 1208.00 57 1972.05Tinplate 352.70 339.95 352.80 355.60 338.00 553.92 395.60 146.30 12 340.25TirpathiForg 13.20 12.60 12.85 13.05 12.55 59.80 38.35 11.55 ­  ­ Tita.Wag  [2] 96.60 91.65 96.00 96.20 91.30 325.18 123.85 44.20 14 91.70TitanCompan[1] 2488.95 2454.35 2488.00 2488.00 2411.05 788.57 2687.30 1396.25 98 2453.35TN News 126.50 122.20 127.15 127.15 121.55 100.15 182.80 116.30 ­  122.40TN Petro 101.85 99.25 101.00 102.40 98.00 237.50 150.45 39.40 5 99.30Tokyo Pl 97.90 93.95 97.10 97.55 93.35 10.31 130.75 63.65 ­  94.90Tor.Pwr 479.50 477.65 478.80 484.95 473.25 559.72 606.05 362.10 17 477.80TorrentPhar   [5] 2663.95 2654.90 2650.20 2668.70 2615.10 87.57 3304.45 2311.30 43 2655.85Tou.Fin.Cor 61.75 60.00 61.00 61.50 59.50 95.76 83.30 51.65 7 60.10TouchwoodEnt 105.45 100.85 105.00 105.00 100.00 11.08 148.45 71.50 ­  ­ TPL Plastech 131.25 127.45 130.55 133.10 125.25 10.14 228.30 70.25 15 128.10Trans.Corp   [2] 625.65 587.60 625.00 626.40 580.65 108.52 858.00 239.75 18 589.80Transwarnt 10.25 9.75 10.20 10.20 9.75 3.80 14.54 2.22 ­  9.55TrejharaSolu 80.05 76.40 80.05 80.90 76.05 43.52 127.45 28.50 ­  ­ Trent   [1] 1045.15 1035.35 1045.00 1054.80 1011.00 576.90 1211.95 689.15 150 1034.50TRF 124.65 121.10 124.75 124.75 118.55 6.71 171.15 81.20 ­  120.45Trib Bhimji 70.45 70.05 72.45 72.45 69.20 144.21 104.40 58.05 20 69.85Trigyn 147.45 135.20 143.15 147.40 133.25 284.24 218.60 57.05 ­  135.80TRIL   [1] 38.35 36.40 38.80 39.35 36.15 455.91 46.50 15.90 30 36.55Triv.Eng   [1] 264.45 258.40 260.10 264.30 255.05 507.58 300.00 71.50 17 257.80Triv.Tur   [1] 188.35 176.45 183.70 187.70 175.00 327.34 231.25 96.00 56 177.05TT 108.20 105.95 108.50 111.00 104.05 29.65 137.00 40.15 6 107.35TTK Prst   [1] 850.55 822.00 850.60 851.00 817.50 61.57 1269.60 680.00 40 822.10TTKHealtcare 720.75 711.00 721.40 725.00 705.00 16.85 827.50 456.80 25 709.65TubeInvIndia 1612.40 1634.35 1610.00 1673.00 1585.55 178.49 2025.00 1000.00 ­  ­ TV Today   [5] 397.70 386.55 397.70 399.05 385.00 43.06 460.00 248.40 13 386.40TV18 Br   [2] 66.00 61.60 65.50 65.70 61.0010163.87 77.00 26.05 58 61.65TVS Elec 226.05 213.05 227.00 228.00 210.00 151.91 283.70 117.20 24 213.75TVS Mot   [1] 663.50 658.40 663.50 671.30 657.00 1757.85 793.45 495.00 34 658.10TVS Sri 1920.25 1928.60 1917.00 1943.00 1881.60 2.22 2588.00 1647.50 22 1927.10

U . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .UB  [1] 1545.25 1525.35 1530.00 1549.85 1517.00 214.42 1793.65 1050.00 119 1526.80Ucal Fuel 126.30 123.45 127.90 128.55 122.55 23.19 206.10 122.45 83 123.65Uco Bk 12.60 12.50 12.55 12.65 12.45 2850.34 15.85 10.60 ­  12.51UdaipurCemen 33.00 31.75 32.45 32.60 31.50 131.85 41.80 30.85 ­  ­ Ufl�ex 559.20 531.15 552.00 556.35 526.15 225.80 658.45 353.80 20 531.20UFO Moviez 96.85 96.25 97.00 99.00 93.65 196.52 125.45 68.75 ­  95.95Ugar Sug   [1] 46.10 43.45 46.10 46.10 41.50 954.62 55.00 15.35 13 43.35UgroCapital 202.05 194.80 199.00 201.85 192.20 102.03 230.35 108.55 ­  ­ UjivanFinSer 113.20 107.80 109.85 111.95 106.30 1755.75 261.70 105.00 ­  107.75UjjivanSFB 17.95 17.50 17.95 18.00 17.35 1212.41 38.35 16.75 ­  ­ UltraTech 6916.60 6813.45 6900.00 6912.55 6791.00 424.35 8267.00 5727.90 31 6817.75UmangDair   [5] 71.10 71.25 76.05 79.90 70.00 97.12 99.00 50.40 ­  70.85Unichm Lab   [2] 249.60 244.30 250.30 250.35 235.00 98.11 374.90 197.50 ­  243.60UninfoTelecm 30.55 29.55 31.95 31.95 29.05 8.53 42.90 27.15 ­  ­ Union Bk 43.35 42.75 43.15 43.30 42.40 8091.62 54.80 32.20 6 42.80Uniph.Ent   [2] 126.70 125.50 125.10 127.25 122.35 15.15 157.00 73.00 16 125.35United Nil 330.80 330.85 343.90 349.95 325.00 1.38 499.90 280.40 ­  ­ United Spr   [2] 835.95 838.85 835.95 844.40 823.80 1174.57 1019.75 495.15 69 838.70UnitedDrilng 465.45 445.90 465.65 479.30 440.20 67.68 604.85 242.25 ­  ­ UnitedPolyfb 33.40 35.05 35.00 35.05 35.00 16.82 55.20 17.35 ­  ­ Univ.Cab 155.55 146.55 158.85 158.85 141.80 35.35 217.55 123.00 22 146.85UnivastIndia 101.00 101.20 103.90 111.65 97.85 913.19 112.80 37.15 ­  ­ UniversusImg 900.75 911.35 856.05 935.95 856.05 7.66 988.00 156.50 ­  ­ UPL   [2] 724.95 704.15 724.90 724.90 701.85 2577.46 864.75 514.10 149 703.80Usha Mar   [1] 87.65 86.15 90.05 90.05 85.40 434.37 102.65 28.55 16 85.65UTIAMC 828.50 812.90 820.00 827.00 796.25 194.67 1216.20 538.00 ­  ­ Utm.Sug 207.10 199.45 205.00 208.55 198.30 79.19 307.25 88.05 8 198.50

V . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .V Mart 3496.00 3504.05 3445.00 3554.95 3368.85 14.49 4620.00 2495.80 542 3489.80V2 Retail 149.85 149.10 146.00 150.95 144.75 48.46 206.95 98.80 ­  149.40VA T Wab  [2] 318.80 305.50 318.80 318.95 303.00 398.41 404.25 228.80 20 305.35Vadilal 1100.60 1134.30 1116.90 1140.00 1101.10 79.87 1264.00 827.30 ­  1135.00VadivrSpeChe 260.70 247.55 255.00 259.90 242.65 11.90 332.00 113.15 ­  ­ Vaibhav   [2] 424.90 408.85 421.00 424.90 405.20 157.73 1057.70 407.00 56 409.20VaishaliPhar 50.35 47.55 49.00 50.95 45.45 280.97 58.00 28.95 ­  ­ Vakrang   [1] 35.05 34.05 35.00 35.10 33.80 1685.73 66.70 29.15 ­  34.10ValiantOrgan 953.90 909.65 950.00 950.00 904.10 42.62 1848.00 904.10 ­  ­ Vard Text 2591.55 2577.30 2580.00 2605.00 2511.25 81.14 2880.00 971.00 10 2574.10Vard.Acry 54.75 52.65 54.50 55.85 52.55 99.28 318.55 163.30 ­  268.15Vard.Hld 3710.20 3638.75 3710.00 3749.95 3557.00 0.98 4667.55 1335.05 14 3634.55Vard.SPC 245.40 239.15 242.00 244.25 238.20 40.90 309.30 134.00 10 239.45VarrocEngg 376.15 366.55 378.00 379.05 365.50 126.84 458.00 260.00 ­  ­ VarunBevera 953.80 940.20 956.50 969.00 930.00 416.18 1020.00 582.67 83 940.70Vascon 26.50 25.60 26.55 27.05 25.30 392.67 36.70 15.25 19 25.70Vaswani 22.15 21.05 22.30 22.30 21.05 59.59 38.50 7.60 ­  21.05VEDANTFASH 906.40 880.10 880.00 905.75 874.50 1226.36 992.70 874.50 ­  ­ Vedanta   [1] 364.00 353.95 363.50 365.60 353.10 5793.69 385.75 191.50 9 353.70Venky's 2099.05 2013.45 2058.95 2063.15 2007.00 83.69 3950.00 1502.00 15 2014.85VenusRem 297.15 286.55 297.15 298.05 282.25 32.60 638.50 203.00 6 287.10VertozAdvtsg 105.40 100.55 102.50 104.80 100.05 42.13 322.00 79.60 ­  ­ Vesuvius 1144.00 1109.05 1144.00 1147.90 1105.00 4.99 1362.00 903.50 32 1104.65Veto Switch 104.35 99.35 103.00 104.50 98.45 57.11 171.85 85.45 8 99.60V­Guard   [1] 210.65 206.25 209.50 210.80 202.45 284.74 285.00 202.45 44 206.25VidhiSpclIng  [1] 369.65 365.40 365.00 376.00 360.00 34.46 444.15 132.00 32 365.70VijayaDianos 435.25 420.55 430.00 434.00 420.10 99.01 672.00 420.10 ­  ­ Vimta Lab   [2] 374.65 356.25 374.30 374.30 332.00 29.01 453.00 145.20 21 356.75Vinati Org   [1] 1883.90 1827.80 1875.00 1885.70 1799.80 52.74 2180.40 1313.25 59 1827.95Vindh.Tel 1185.95 1134.40 1195.00 1195.00 1129.50 14.22 1499.00 765.05 12 1136.65VineetLabs 66.65 63.75 68.00 68.00 63.00 16.92 124.00 61.00 ­  ­ Vinyl Chm  [1] 261.35 246.50 259.50 259.50 244.30 69.62 330.55 110.55 19 246.70VIP  Ind   [2] 645.35 627.35 646.00 652.55 625.00 401.04 695.95 309.00 208 627.20Vipul Ltd   [1] 20.50 19.50 20.95 20.95 19.15 17.35 41.90 19.00 ­  19.45Visa Stl 14.65 14.10 14.40 15.30 14.05 31.94 21.45 5.74 ­  14.05Visak.Ind 637.10 615.80 634.65 636.00 611.15 81.82 873.55 459.05 9 617.05VishalFabric 117.20 116.95 121.40 122.05 116.45 131.73 147.75 41.30 ­  ­ VishwarajSug 21.45 21.50 21.50 21.70 20.80 3137.40 220.00 20.20 ­  ­ Vivi Lab   [2] 19.05 18.10 19.35 19.35 17.60 263.41 41.50 12.90 ­  18.10VLS Fin 183.45 175.35 182.50 182.55 172.20 51.08 264.85 71.20 2 175.50Voltamp 1910.10 1909.95 1899.45 1915.60 1829.90 6.77 2255.00 986.40 17 1909.25Voltas   [1] 1252.50 1243.65 1254.00 1265.60 1236.10 2071.93 1356.90 918.00 71 1242.95VRL Logistic 476.70 464.40 472.00 477.35 460.50 141.30 591.50 201.60 29 463.50VST  Ind 3021.65 2983.55 3023.70 3030.30 2952.05 4.52 3893.95 2970.00 15 2990.95VST Til 2639.75 2547.20 2639.75 2643.80 2519.95 6.14 3458.45 1650.00 24 2554.75

W . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Wabco  Ind   [5] 7649.00 7530.85 7639.00 7651.75 7501.00 1.97 8777.70 5510.00 107 7502.00Walch.Ind   [2] 56.15 54.20 56.20 57.35 53.75 286.57 92.00 39.30 ­  54.20Waterbase 96.10 92.55 97.45 97.45 92.10 57.18 145.80 92.10 ­  ­ Webel SL 108.35 102.95 105.40 106.65 102.95 437.32 172.75 37.10 34 103.10

Weizman 71.30 67.75 72.75 73.40 67.75 19.95 94.10 37.30 56 68.00Wels.Corp   [5] 155.85 148.60 151.05 153.05 147.25 807.13 197.00 106.00 11 148.25Wels.India   [1] 115.70 110.05 115.00 115.45 109.00 962.84 170.75 67.00 23 109.75Wels.Inv 292.80 290.55 293.65 302.35 274.10 3.09 587.00 235.60 45 287.20Welspun Ent. 90.95 85.05 89.50 91.80 84.35 201.78 134.90 81.95 16 85.10Wendt 4996.30 5002.35 4951.45 5135.40 4900.00 0.69 6249.00 3060.00 40 4983.35West C Pap   [2] 250.95 246.20 248.00 254.00 244.00 137.69 295.35 181.10 8 245.85WestlifeDevp 463.95 449.80 462.00 465.00 445.05 199.40 629.00 385.10 ­  ­ Wheels  Ind 653.65 620.60 636.55 652.00 610.00 13.48 1039.00 412.05 19 620.80Whirlpool 1704.50 1694.75 1701.20 1705.00 1672.95 76.29 2549.80 1673.65 80 1696.50Wil.Magor 24.05 23.75 23.75 24.85 23.30 5.20 40.00 16.45 ­  24.00Win.Diamond[2] 41.80 39.70 41.00 42.60 39.50 90.01 51.60 20.00 14 39.65WindlsBiotec 264.25 260.35 264.30 265.25 258.05 29.77 452.00 255.30 ­  ­ WinproIndust 6.80 6.85 6.80 7.10 6.55 710.42 14.35 5.00 ­  ­ Wipro   [2] 562.45 570.80 555.75 572.70 555.40 8767.00 739.80 398.00 32 570.65Wockhardt   [5] 373.30 380.25 371.00 406.50 361.00 1821.48 804.50 361.40 ­  379.85WonderlaHoli 223.95 221.25 225.00 226.60 218.85 37.45 269.90 172.65 ­  220.35WorthPeriprl 109.30 109.15 109.30 112.90 107.25 29.99 132.50 45.55 ­  ­ 

X-Z . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Xchang 94.50 89.60 93.60 93.75 88.20 344.89 141.25 60.20 46 89.35XelpmocD&T 305.70 299.75 311.00 311.00 290.00 32.93 513.00 251.65 ­  ­ YaariDigiInt 74.20 66.60 73.40 73.95 64.50 392.52 183.45 64.50 ­  ­ Yes Bk   [2] 13.90 13.65 13.75 13.80 13.6064338.35 16.90 10.51 ­  13.67YukenIndia 569.50 563.85 578.30 578.30 546.50 2.26 685.00 542.05 ­  ­ Zee Ent   [1] 261.40 254.35 258.00 261.85 252.80 9746.92 378.60 166.80 16 254.30Zee Learn   [1] 14.15 13.80 13.90 15.95 13.55 1951.94 20.70 9.75 ­  13.80Zee Med  [1] 16.65 15.85 16.70 16.90 15.85 3871.19 20.27 5.70 ­  15.88Zen Exp 81.35 81.90 86.40 86.40 78.05 8.65 116.00 60.55 ­  81.40Zen Tech.   [1] 205.75 200.70 205.00 205.70 196.35 388.85 257.70 65.00 ­  200.60ZensarTec   [2] 361.90 348.80 358.10 359.55 346.00 839.67 587.00 240.00 27 348.55Zod.Clo 108.10 104.40 108.10 108.10 104.00 15.72 153.80 85.05 ­  104.35ZomatoLtd 85.90 81.55 84.20 84.80 80.6518853.34 169.00 75.75 ­  ­ ZotaHealthCr 357.20 317.80 351.15 356.95 312.00 87.24 448.00 137.25 ­  ­ Zuari Ag 135.25 126.90 136.00 136.00 125.85 127.65 158.90 83.30 ­  127.10Zuari Glo 169.20 161.80 169.90 170.45 161.00 71.44 189.00 74.05 9 162.00ZydusWel 1548.40 1569.95 1550.00 1596.00 1501.05 104.59 2472.85 1431.00 ­  1558.90

Exchange Traded Funds

Company Pre Cl NSE Cl Vol 52 WH 52 WL BSE Cl

Axis Gold   [1] 43.08 43.08 124.90 43.60 38.36 43.15AXISAMC ­ AXISBNKETF 377.14 375.90 0.51 449.40 304.50 ­ AXISAMC ­ AXISBPSETF 10.51 10.50 47.46 10.69 9.06 ­ AXISAMC ­ AXISCETF 69.83 68.59 2.75 81.00 60.00 ­ AXISAMC ­ AXISHCETF 81.85 81.66 5.80 105.00 79.80 ­ AXISAMC ­ AXISNIFTY 181.84 181.77 4.11 212.22 132.00 ­ AXISAMC ­ AXISTECETF 349.64 350.79 1.04 437.10 250.95 ­ Bank BeEs   [1] 378.88 379.51 642.73 420.43 303.00 379.32Birla Gold 45.47 45.54 92.52 45.90 40.50 45.31Birla Nifty   [100] 19.21 19.10 48.52 4810.00 4061.00 4559.10BIRLASLAM ABSLBANETF 37.33 37.62 16.81 420.00 33.90 ­ BIRLASLAM ABSLNN50ET 41.50 41.06 2.14 520.00 40.58 ­ BIRLASLAMCBSLSENETFG 55.44 55.12 1.20 664.99 47.55 ­ BIRLASLAMC ­ HEALTHY 8.26 8.14 50.42 10.41 7.97 ­ BIRLASLAMC ­ SILVER 66.08 65.41 12.48 68.80 63.20 ­ BIRLASLAMC ­ TECH 34.44 34.39 12.40 43.75 33.29 ­ ConsConstCon 136.67 136.43 260.62 156.00 95.00 ­ DSPAMC ­ DSPN50ETF 173.58 172.65 0.88 184.00 167.50 ­ DSPAMC ­ DSPNEWETF 195.65 194.83 2.34 209.85 158.90 ­ DSPAMC ­ DSPQ50ETF 165.24 164.42 3.57 186.00 159.73 ­ DSPBRAMC ­QUIDETF 1000.00 1000.00 10.50 1020.00 805.90 ­ EDELAMC ­ BBETF0432 1005.05 1003.75 2.21 1005.49 994.99 ­ EDELAMC ­ EBANK 4050.00 4007.89 0.02 4398.00 3242.33 ­ EDELAMC ­ EBBETF0423 1163.79 1165.90 12.04 1183.10 1083.37 ­ EDELAMC ­ EBBETF0425 1081.32 1084.11 40.88 1170.00 1005.00 ­ EDELAMC ­ EBBETF0430 1197.07 1199.33 12.61 1247.90 1064.16 ­ EDELAMC ­ EBBETF0431 1068.56 1063.14 139.16 1143.10 994.01 ­ Gold BeEs   [1] 43.18 43.10 5190.61 43.51 38.17 43.08Goldmanamc  ­ CPSEETF 31.87 31.68 643.07 32.95 21.08 31.68HangSengBees   [1] 311.72 309.43 3.18 382.00 287.00 309.46HDFC Gold   [1] 44.31 44.18 3181.30 44.70 38.70 44.21HDFCAMC ­ HBANKETF 373.38 374.32 0.50 419.95 300.00 ­ HDFCAmc­Nift   [76] 185.29 184.71 29.15 202.00 148.55 184.61HDFCAmc­Sens 621.69 623.48 3.19 704.92 455.00 ­ IBULLSAMC ­  IBMFNIFTY 183.20 184.28 0.68 200.00 140.00 ­ ICICIPRAMCBHARATIWIN 47.39 46.92 113.61 52.20 31.20 ­ ICICIPRAMC ­  ICICI500 24.37 24.22 520.33 283.80 23.12 ­ ICICIPRAMC ­  ICICIALPLV 168.56 168.01 6.72 197.60 131.70 ­ ICICIPRAMC ­  ICICIAUTO 114.55 113.96 12.05 124.40 110.53 ­ ICICIPRAMC ­ ICICIBANKP 186.88 188.50 113.38 227.70 160.40 ­ ICICIPRAMC ­ ICICICONSU 69.36 69.21 0.32 82.25 57.01 ­ ICICIPRAMC ­  ICICIFMCG 368.37 365.85 48.59 437.00 356.22 ­ ICICIPRAMC ­  ICICILIQ 999.99 999.99 61.51 1040.00 971.50 ­ ICICIPRAMC ­  ICICIM150 110.77 109.34 53.61 132.70 86.25 ­ ICICIPRAMC ­  ICICINXT50 41.74 41.16 550.78 50.97 31.30 ­ ICICIPRAMC ­ ICICIPHARM 82.79 81.63 2.53 105.00 71.99 ­ ICICIPRAMC ­  ICICISILVE 66.15 65.70 269.98 67.29 62.91 ­ ICICIPRAMC ­  ICICITECH 351.86 351.49 213.07 419.70 201.48 ­ ICICIPRAMC ­  IPRU5008 374.41 375.57 3.24 449.70 285.00 ­ ICICIPRNIFLWVL30ETF 44.27 44.20 596.87 49.20 37.05 ­ ICICIPRNIFLWVL30ETF 99.39 98.99 9.41 115.00 77.10 ­ ICICIPRUDENTIALNV20ETF 95.86 95.10 23.40 109.10 69.30 ­ ICICIPRUDNIFTY100ETF 189.99 188.81 6.26 208.00 143.40 ­ ICICIPRUDNIFTYETF 185.58 185.08 210.05 231.30 140.80 ­ ICICIPRUDSENSEXETF 630.31 629.34 1.58 700.00 493.60 ­ IDBI Gold   [100] 4571.10 4568.40 0.18 4810.00 4061.00 4559.10IDFCAMC ­  IDFNIFTYET 180.62 180.17 0.26 223.00 147.47 ­ Infra BeEs 513.88 510.12 0.86 1950.00 1477.00 1800.00InvesIndGold   [100] 4502.70 4496.35 0.73 4549.90 3989.50 4492.00InvesInNifty 1877.57 1880.00 0.05 2319.00 1521.30 ­ Kotak Nifty   [5] 182.10 181.54 22.06 2252.45 1627.25 1826.35Kotak PSU Bk 275.43 273.06 14.35 305.25 187.95 272.74KOTAKMAMKOTAKALPHA 32.31 31.93 130.33 41.00 31.23 ­ KOTAKMAMC ­ KOTAKIT 34.98 34.86 28.83 46.00 23.36 ­ KOTAKMAMKOTAKMID50 80.53 78.37 4.29 88.00 77.70 ­ KOTAKMAMCKOTKBKETF 379.60 380.60 55.15 429.70 298.90 ­ KOTAKMAMC­KTNV20ETF 97.16 96.80 14.48 104.98 73.20 ­ Kotal Gold   [1] 43.19 43.16 188.24 43.71 36.81 43.20LICNAMC ­CNFENGP 185.38 184.59 1.33 202.99 140.00 183.82LICNAMC ­CNFESGP 622.03 619.62 30.06 677.40 493.95 ­ LICNAMC ­CNFNHGP 185.12 184.26 180.96 230.00 142.10 ­ LICNAMC ­CNMFET 22.42 22.26 8.90 26.94 19.00 ­ Liquid BeEs   [1000] 1000.00 1000.00 1447.83 1015.00 971.00 999.99MIRAEAMC ­ MAESGETF 29.23 29.07 10.54 32.18 21.75 ­ MIRAEAMC ­ MAFANG 50.14 48.43 320.30 69.00 41.10 ­ MIRAEAMC ­ MAFSETF 17.54 17.49 146.54 21.00 15.05 ­ MIRAEAMC ­ MAHKTECH 18.06 17.43 96.07 23.00 16.00 ­ MIRAEAMC ­ MAMFGETF 78.24 77.59 79.80 95.00 76.46 ­ MIRAEAMC ­ MAN50ETF 178.64 178.05 5.86 210.80 143.70 ­ MIRAEAMC ­ MANXT50 408.01 402.49 5.17 530.18 327.82 ­ MIRAEAMC ­ MASPTOP50 28.56 28.05 78.95 37.00 24.20 ­ MOTILOS MIDCAP100 ETF 30.69 30.02 149.42 36.65 23.60 ­ MOTILOS NASDAQ100 ETF 108.30 103.43 3937.41 1143.10 95.80 ­ MOTILAL OSWAL M50 ETF 172.03 171.51 1.08 194.00 131.10 ­ MOTILALAMC ­ G5 49.71 49.65 0.37 59.05 41.99 ­ MOTILALMOMOMENTUM 196.34 194.53 10.88 204.99 192.00 ­ MOTILALAMC ­ MONQ50 58.45 57.51 7.73 78.00 49.05 ­ NI I ETF NIFTY MIDCAP 150 110.97 109.91 315.34 140.00 82.51 ­ NiftyBeEs   [1] 186.64 186.29 2084.97 201.00 146.60 186.26NiftyJrBeEs   [1] 428.06 423.06 173.94 473.00 343.60 423.02NIIndETFLong 22.47 22.40 19.48 25.80 20.80 ­ NIPETFDivOpp 45.05 44.74 7.78 51.20 32.51 ­ NIPP INDIA ETF NIFTY 100 180.86 179.97 2.39 219.40 146.15 ­ NippnInd­Nim 108.00 108.18 0.33 109.25 101.50 ­ NippoIndETF 75.05 74.60 4.03 86.00 60.36 ­ NIPPON  INDIA ETF NV20 98.73 97.92 9.05 118.00 76.45 ­ NIPPONAMC ­ NETFAUTO 114.54 114.13 16.82 120.75 108.05 ­ NIPPONAMNETFPHARMA 13.30 13.12 202.53 17.44 12.83 ­ NIPPONAMC ­NETFSILVER 63.79 63.42 174.11 66.40 59.44 ­ PSU Bk BeEs   [1] 30.84 30.41 536.07 34.11 20.75 30.41Qgold   [2] 42.87 42.85 20.23 43.29 38.06 42.82Qnifty 1808.00 1799.60 0.31 1950.00 1477.00 1800.00RELCAPAMC ­ NETFGILT5Y 49.84 49.87 24.07 59.00 41.99 ­ RELCAPAMC NETFIT 35.33 35.19 915.94 41.08 24.00 ­ RELCAPAMC­NETFSDL26 107.89 107.86 5.67 124.00 100.93 ­ SBIAMC ­ SBIETFCON 69.27 69.07 14.60 77.31 62.00 ­ SBIAMC ­ SBIETFIT 353.23 353.60 3.68 428.70 203.00 ­ SBIAMC ­ SBIETFPB 190.25 190.53 1.73 222.00 163.11 ­ SBIAMC ­ SBIETFQLTY 148.60 147.31 1.90 164.98 122.10 ­ SBIAMC ­ SETF10GILT 203.65 203.25 1.15 237.98 190.33 ­ SBI­ETF Gold 44.21 44.09 1032.39 4404.25 42.00 ­ SBI­ETF NIFTY 50 176.48 176.10 324.12 196.54 141.00 ­ SBI­ETF NIFTY BANK 375.66 375.98 21.53 420.00 303.60 ­ SBI­ETFNN50 423.71 418.03 15.04 468.60 340.12 ­ Sharia BeEs 438.62 436.61 1.17 518.00 334.63 437.02TATAAML ­ NETF 179.64 178.38 110.66 222.68 160.10 ­ TATAAML ­ NPBET 191.87 193.44 0.74 228.89 163.65 ­ UTI Gold   [1] 43.00 43.00 285.27 43.60 39.21 42.99UTIAMC ­ UTIBANKETF 37.83 37.58 11.65 45.00 26.40 ­ UTIAMC ­ UTINEXT50 42.64 42.02 13.81 435.30 33.00 ­ UTIAMC ­ UTINIFT 1818.05 1816.05 0.66 2240.00 1412.00 ­ UTIAMC ­ UTISENS 609.26 607.94 0.53 737.55 487.50 ­ UTIAMC ­ UTISXN50 48.73 47.74 1.41 59.00 37.10 ­ 

*: Closing price  is  the average of  trade price(s)  for  the  last half an hour;52­Week High/Low fi�gurespertain  to BSE.

Shares of  face value other  than ₹�10  is  indicated  in brackets  immediately  following  the name of  thecompany.

Qty  (No of shares  traded)  is denoted  in  thousands.

The PE(price­earnings multiple) of each stock  is based on  the  latest declared earnings.

The  PE  computation  takes  into  account  the  per  share  earnings  of  each  company  for  the  latest  12months.

BSE Stocks

7Nr 17.85 17.55A.Sarabhai 35.10 33.20Aarey Drugs 43.95 42.85Aarnav 76.45 72.65Aartisurf 867.00 827.05AbmKnowled[5] 102.80 97.00Abslamc [5] 509.20 509.90Accel [2] 25.50 24.25Acrycil Ltd. [2] 713.35 710.45Adhinath Tex 49.40 51.85Ador Fontech[2] 73.95 74.20Ael [5] 51.35 48.80Afel 95.50 95.95Agol 68.65 66.90Agstra 124.05 113.05Aiil [1] 167.45 159.40Aimco Pesti. 162.80 155.15Ainfra [5] 45.00 46.10Ajanta Soya 218.95 208.05Alexander 34.55 33.65Alka India [1] 2.79 2.66Alu Fluoride 319.70 315.65Amerise [1] 1.75 1.67Amintan [1] 3.38 3.29Amiorg 915.35 887.70Amrawor Agr[1] 1.63 1.55Anandrathi [5] 565.85 562.75Andhra Petro 113.80 110.75Andrew Yule [2] 23.70 22.85Angelone 1299.90 1324.90Anmol 239.50 229.95Ansal Build. 91.95 89.75Anuh Pharma[5] 101.85 101.00Anup 862.10 831.50Anupam [1] 3.69 3.51Anuras 916.40 872.75Apollotri [2] 775.35 760.20Aptus [2] 355.90 349.00Arcfi�n 55.30 58.05Arihant Cap. [5] 350.20 335.25Arl 65.65 62.40Ashikacr 40.45 38.25Ashirwa Cap [1] 7.39 7.04Asianene 118.35 117.15Asm Technolo 669.45 636.45Asrl 120.45 114.45Asso.Alcohol 444.70 433.90Auro Lab. 97.95 93.85Available Fi 94.40 89.70Avantel Ltd 711.80 693.40Avi 41.10 39.85Avl 760.95 738.40Awhcl [5] 291.25 283.60Awl [1] 354.35 327.40Axtel Indus. 291.45 281.15

Bajaj Steel [5] 712.95 683.35Bajajhcare [5] 376.75 360.35Balmer La.In 381.35 383.80Baluforge 135.25 129.85Banas Fin. 74.75 71.05Barbeque [5] 1341.50 1295.80Baroda Extr. [1] 5.43 5.16Basant Agro [1] 18.60 18.40Bconcepts 71.80 74.10Bcpl 45.85 43.90Bdh Indus. 141.45 131.75Bectorfood 336.35 327.90Bestagro 955.45 965.15Bfl�afl� 223.70 234.85Bhoruka Alu. 1.27 1.30Bilcare Ltd. 81.15 75.45Binny Ltd. [5] 373.95 358.05Biogen [1] 1.57 1.50Birla Pretec [2] 30.55 29.05Birlatyres 23.10 22.80Bla Ros Ind [1] 197.80 192.30Bmw [1] 28.90 27.45Bronze Infra 1.64 1.71Cams 2444.30 2417.55Captain Poly [2] 21.85 21.45Cartrade 587.80 562.15Chandra Prab 226.15 220.85Charterlogis [1] 8.60 8.17Chemb Chm [5] 189.50 183.95Chemcon 316.35 303.40Chemplasts [5] 522.90 500.75Cheviot Co. 1195.25 1143.60Clean [1] 2014.45 1937.05Cmsinfo 245.45 240.75Cni Res Ltd [1] 2.39 2.50Coast Corp 366.45 355.60Cockerill 1490.80 1496.35Com Fincap 27.55 26.20Cosmo Ferr. 381.90 362.85Craftsman [5] 2095.40 2016.25Cressanda So[1] 6.97 7.31Datapattns [2] 649.70 622.05Decipher 61.10 64.15Deep 555.10 552.30Deepind 195.40 191.30Devyani [1] 165.35 158.65Dhanvarsha [2] 150.15 139.40Dharamsi Chm 385.60 368.95Dhp India Lt 688.90 697.10Dhruv 56.85 53.60Diligent [5] 45.15 47.10Dodla 475.40 452.90Dynamic 142.85 135.75Earum [2] 7.07 6.80Easemytrip [2] 569.35 564.20

Eastwest [2] 10.92 10.19Ecoreco 127.15 122.25Equitasbnk 53.45 55.50Everest Org. 237.65 227.20Evexia [2] 8.37 7.87Exxaro 127.70 120.10Facor Alloys [1] 8.01 7.61Fairchemor 1699.85 1693.50Faze Three L 301.65 286.60Fermenta [5] 260.60 256.35Fiberwb In 46.40 43.90Filat Fash [5] 6.95 6.61Finkurve [1] 50.30 57.90Finopb 309.25 291.85Fivextrade 1.13 1.08Flomic 142.00 137.25Fluidomat 143.10 135.75Foods & Inns [1] 88.00 87.15Force Motr 1093.50 1065.75Fraser 9.03 8.83G.V.Films [1] 1.22 1.18Galaxy Bear. 392.15 411.60Ganesh Benz [1] 91.45 90.30Gemstone In[1] 1.78 1.86Gencon [5] 36.95 34.10Gennex Lab [1] 8.48 8.12Genpharma [1] 6.35 6.11Ggeng [2] 9.53 9.17Gitarenew 220.95 231.95Gkp 149.95 149.65Glance Fin. 97.20 87.50Gland [1] 3219.60 3248.15Gls [2] 518.10 501.05Gnrl 18.90 19.75Gocolors 949.95 940.00Grauer& Weil[1] 57.60 55.75Greenpanel [1] 470.85 470.15Grinfra [5] 1498.20 1429.90GrmOversea[2] 590.45 560.95Grwrhitech 691.30 663.35Gtv 76.20 73.40Guj.Themis. [5] 357.15 355.95Haldyn Glass [1] 38.65 37.65Happstmnds [2] 1042.05 1000.45Hemiprop 120.20 114.50Heranba 642.95 618.15Hfi�l 21.20 21.60High Energy 1646.95 1592.75Him.Fibres [1] 7.17 7.28Hleglas 5506.10 5235.50Homefi�rst [2] 718.10 706.75Hpal 371.50 367.35Iciciauto 114.70 113.79Icicilovol 136.74 136.40Icicitech 352.08 352.03

Iifl�sec [2] 87.20 86.30Iifl�wam [2] 1607.20 1504.65Ind.Acrylics 14.20 13.30India Gelat. 126.10 114.05Indiamart 4836.30 4766.40Indian Info. [1] 4.47 4.25Indigopnts 1760.15 1771.60Indo Amines [5] 104.65 97.30Indoboraxc [1] 137.10 134.40Indrayani Bi 25.40 23.85Indsil Hyd 92.75 88.15Int.Conveyor [1] 74.70 70.55Integra Tele 25.00 23.75Inter Digi [1] 0.32 0.32Inter St.Fin [1] 14.78 14.05Ion Exchange 1867.90 1937.95Ipl [1] 305.40 298.35Ircon [2] 43.00 42.50Irctc [2] 816.30 803.15Irfc 22.25 22.05Isec [5] 695.55 655.50Isgec [1] 555.50 538.80Ishan Dyes 147.10 141.25Isw Ltd [1] 3.68 3.50Jaibala Ind 49.55 47.70Jasch Indust 185.10 175.20Jaykay [1] 61.10 58.35Jct Ltd [2] 5.36 5.10Johnpharma [1] 1.35 1.29Jstl 155.80 148.05Jtl Infra [2] 251.35 241.00Jublingrea [1] 519.70 490.80Jyoti Resins 1324.35 1254.80Kalyankjil 62.25 60.20Kanchi 732.90 721.80Kcp Sugar In [1] 24.70 23.70Kennametal 1891.55 1888.65Khaitan Che [1] 106.10 99.35Kilpest (I) 392.20 373.20Kims 1309.60 1220.90Kingsinfra 66.60 67.40Kirl.Ferrous [5] 200.05 199.00Kirlosar Pn [2] 405.75 395.10Kirloskar El 23.20 22.05Kisan Mould. 15.25 14.50Kkalpanaind [2] 45.45 44.95Kmc Shil [1] 62.25 60.30Kotakbketf 379.58 380.61Kpiglobal 433.30 411.65Kpittech 560.85 540.50Kriti Nutri [1] 49.15 47.90Krsnaa [5] 603.70 589.80Kushal [2] 5.63 5.35Lancer 217.90 210.65Latentview [1] 476.90 451.80

Latimmetal 124.80 126.70Lee&Nee Soft 15.80 15.05Likhitha 317.90 310.10Lkpsec [2] 15.90 14.95Lloyds Met E [1] 129.90 123.70Lodha 1270.95 1272.80Looks 13.92 13.47Ludolow Jute 86.55 84.65Luharuka [1] 4.25 4.04Lxchem [2] 425.10 415.50Lykisltd 33.80 33.75Madhavipl [1] 6.07 5.81Madrasfert 33.00 31.40Mafang [40] 50.11 48.50Mafsetf 17.55 17.58Maha Corp [1] 1.64 1.56Mahepc 106.15 103.25Mallcom 817.80 824.90Mangalam In[1] 6.79 6.46Manorama 1146.45 1178.75Manorg 870.30 866.20Manvijay [1] 85.40 83.95Manyavar [1] 906.75 879.75Mapmyindia [2] 1432.00 1386.20Masptop50 [20] 28.62 28.04Maxhealth 370.70 366.35Mazdock 253.05 249.80Mcloud 355.80 338.05Medi Caps 59.00 56.10MediaMatrix [1] 13.22 12.76Medicamen Bi 670.70 644.60Medplus [2] 1024.60 988.10Meera 103.40 100.00Mega Corpn. [1] 2.80 2.78MenonPiston[1] 48.60 45.80Metrobrand [5] 553.40 548.15Mfl� 838.60 807.30Mfl� India [1] 1.48 1.41Mfsintrcrp 41.80 43.80Minaxi Text. [1] 3.62 3.44Mishtann [1] 31.10 30.95Mitsu 261.95 278.40Modinatural 212.50 202.10Modison Met[1] 74.50 71.05Mol [1] 98.90 95.25Monarch 181.15 169.60Moschip [2] 67.65 64.40Mstc 342.95 328.05Mtartech 1900.50 1833.20Nat.Peroxide 1720.75 1660.00Natraj Prote 113.40 107.75Natural 15.48 13.94Natural Caps 364.50 347.85Nazara [4] 1965.95 1876.30Ncl Research [1] 1.62 1.54

Neogen 1549.70 1576.65NglFine Chm [5] 2194.20 2141.85Nirlon 396.15 378.05Novartis [5] 703.50 677.35Nureca 1482.30 1423.55Nuvoco 383.25 353.70Nykaa [1] 1399.25 1327.60Nyssacorp [1] 8.09 7.71Oal [5] 621.25 602.25Odyssey Cor[5] 8.05 7.93Omansh [2] 2.32 2.43Ontic 23.40 21.90Orchasp [2] 6.56 6.24Orientelec [1] 344.60 328.65Osiajee 52.80 52.95Pan India C 5.25 4.99Panafi�c [1] 2.33 2.22Panch.Steel 140.50 136.85Paras 654.05 631.50Parleind 9.04 8.94Parnaxlab 97.00 101.85Pas.Acrylon 40.90 38.60Patel Airtem 250.80 242.15Paushak Ltd 9606.35 9335.15Paytm [1] 833.55 807.00Perm Magnets 350.05 340.50Piccadily Ag 26.65 25.75Pix Trans 880.95 876.90Pmcfi�n [1] 5.48 5.21Policybzr [2] 751.50 726.70Polycab 2384.25 2379.55Pooja 50.30 47.80Powerindia [2] 3103.95 3117.60Ppl 154.10 154.30Pqif [2] 55.40 52.65Princepipe 668.20 667.05Prismx [1] 8.37 7.66Pritikauto [2] 17.00 16.45Priya Ltd. 29.47 30.93Pro Fin Cap. 60.30 66.30Pun.Alkali [2] 76.60 76.30Raclgear 594.50 566.85Radhe Devlop 198.90 189.00Radhikajwe 166.95 167.60Raghunath To 17.00 16.60Raghuvir Syn[1] 218.50 207.60Railtel 102.95 100.20Rajoo Engin. [1] 32.10 31.35Rama Phosph 361.55 347.00Raminfo 133.40 129.30Rategain [1] 355.80 335.50Rathi Bars 32.30 30.00Rba 127.65 117.50Rishiroop 137.80 130.65Rnb Denims [2] 85.80 84.20

Rolexrings 1221.00 1233.30Rossari [2] 1040.40 1007.60Roto Pumps [2] 378.45 370.15Route 1518.30 1495.45Rril [5] 13.21 13.07Rubfi�la Int. [5] 95.85 93.55Ruttonsha In 352.10 369.70Rvnl 33.15 32.35S.I.Paper 145.45 154.55Sacheta Met. 31.60 30.05Sadhana Nitr[1] 131.15 124.60Safari Ind. [2] 864.80 826.20Sahya Indu 515.10 493.00Saint­Gobain 83.60 80.10Sambandam Sp 241.80 227.10Samrat Pharm 470.50 447.30Samtex Fash.[2] 3.50 3.65Sandur Mang. 2779.90 2837.70Saninfra 355.60 350.15Sankhya Info 8.98 8.54Sansera [2] 659.90 648.35Sapphire 1418.80 1327.15Satia [1] 96.80 93.85Sauras.Cem. 70.25 69.15Saven Techn[1] 43.20 45.00Sbicard 826.65 802.15Sbisensex 613.12 611.70Scandent 26.35 23.85Scanp Geom [2] 18.45 17.70Scanstl 36.65 33.90Seacoast [1] 16.35 15.75Setfnif50 176.49 176.07Setfnifbk 375.71 376.06Shahlon [2] 19.05 19.05Shalib.Finan 247.80 227.15Shalimar Pro [1] 0.88 0.89Sharp Inv [1] 2.95 2.81Shbajrg 190.20 186.35Shil [2] 415.35 404.25Shiv.Bimetal [2] 459.25 432.35ShivCement [2] 36.60 35.55Shree Global [1] 7.64 7.35Shreeganes [1] 11.15 10.70ShrJagdamb [1] 909.60 882.85Shrirampps 87.25 84.35Shyammetl 323.35 318.00Siddha Ven 7.77 7.78Sigachi 319.10 315.10Sika Inter. 628.05 596.65Simran Farms 162.85 154.75Sinclair Hot [2] 85.55 84.60Singer India [2] 57.65 54.85Sintexplast [1] 8.22 7.81Sisl 1129.05 1129.90Sjs 388.85 382.20

Smartfi�n [1] 8.60 8.49Smgold 218.70 196.85Snl Bearings 301.25 299.30Solara 769.10 704.65Sonacoms 656.65 656.15Spaceincuba 3.17 3.32Spandana 389.10 376.10Spel Semicon 62.15 65.25Spencer [5] 85.25 83.25Spicejet Ltd 62.30 63.35Srestha [2] 1.91 1.84Sri Digv Cem 65.85 64.00Sri Kpr Ind 26.85 26.90Starhealth 728.05 725.60Starteck 123.90 117.60Stovekraft 669.85 633.60Sumichem 377.40 369.65Sunshield Ch 465.40 441.90SuperTanner [1] 5.66 5.73Superior [1] 3.69 3.51Supremex [1] 4.27 4.39Supriya [2] 410.95 398.20Suraj Indus. 146.20 152.15Surat Text. [1] 15.00 14.25Suryoday 127.05 124.25Suvenphar [1] 552.55 547.50Suvidhaa [1] 10.66 10.14Svam Softwar 6.97 6.63Svartcorp [1] 6.15 5.85Svcind 5.06 4.86Svpglob [1] 65.55 68.50Swasti Vinay [1] 9.16 8.71Swissmltry [2] 34.35 32.65Swordedge [1] 0.86 0.82Swsolar [1] 347.30 331.15Synco Form. [1] 11.20 10.65Taalent 1592.35 1550.80Taazaint 28.25 29.35Tai Indust. 57.30 51.60Taneja Aero. [5] 119.60 113.65Tarc [2] 40.40 39.70Tarsons [2] 655.65 657.10Tata Yodogaw 139.45 132.50Tatia Glob [1] 3.79 3.62Tatva 2294.80 2238.90Tcnsbrands [2] 669.70 665.00Tcpl Pack 719.25 781.30Technoe [2] 260.00 253.00Tega 474.65 450.10Tejasnet 443.30 421.70Tejnaksh 150.95 152.45Tgvsl 65.50 65.15Thinkink [5] 52.00 50.50Tiger Logs 227.35 227.95Tiindia [1] 1610.40 1625.85

Sportking 1302.15 1246.10Steel Exch 229.30 238.75Vikas Wsp [1] 3.70 3.61Vikaslife [1] 5.48 5.21Vikasprop [1] 2.22 2.14Worl 943.05 982.60Yasho 1722.15 1636.05Zodiac 94.75 99.45

Darshanorna 110.90 115.20Fluorochem [1] 2729.55 2639.70Forbes & Co 395.10 387.10Kpel 288.90 277.70Relhome 3.85 3.69Sbc 150.35 142.85Sctl 2.13 2.03Sindhu Trade [1] 155.15 162.90

Zenith Healt [1] 7.70 7.34

Zomato [1] 86.00 81.55

Group T

Bh.Immun&Bio 42.15 40.55

Bhatia [1] 31.10 32.65

Chdchem 10.09 9.62

Tilak [1] 12.85 13.45Timex Group [1] 67.40 65.15Tinnarubr 251.80 243.40Titan Biotec 269.10 257.00Titan Secur. 20.70 19.75Toyamind [1] 6.79 6.46Transpek 2095.25 2016.35Trejhara 80.25 76.50Trio Mercan [2] 2.67 2.62Triveni Ent [1] 7.33 8.06Ttient 19.05 18.10Tuni Textile [1] 4.88 5.12Tutialka 28.00 27.85Tyche Inds 143.30 134.45Udaip Ceme [4] 33.00 31.80Ugrocap 201.85 194.50Ultracab 203.40 196.85Ultramarine [2] 319.15 310.50Unison 33.45 31.80United Drill 467.40 445.80Ushdev Intnl [1] 4.28 4.08Utiamc 829.35 813.80Utique 6.47 6.15Utlinds [1] 5.89 5.67Valiantorg 954.10 910.60Vama Inds [2] 11.00 10.02Variman 164.10 172.00Varroc [1] 376.30 366.90Vedavaag 66.55 63.90Vegetable [1] 63.00 66.15Vijay Solvex 1880.15 1814.15Vijay Textil 41.85 39.95Vijaya [1] 435.70 420.55Virinchi 126.25 119.95Virtual Glo [1] 2.05 1.95Visagar Fin [1] 3.26 3.10Vishal [5] 116.30 117.10Vishwaraj [2] 21.50 21.45Visioncine [1] 1.56 1.49Vivanta 25.00 23.75Vivo Bio Tec 40.00 38.50Vsl 131.80 125.25Waareertl 367.85 356.55Waterbase 96.20 92.80Welsplsol [6] 19.05 17.75Westlife Dev [2] 467.05 446.05Whiteorg 18.51 17.59Wim Plast Lt 428.70 415.55Winpro [5] 6.83 6.84Wpil Ltd. 921.20 920.55Xelpmoc 305.25 299.40Xtglobal [1] 59.30 54.65Yamini Inves [1] 1.75 1.67Yashpakka 81.25 81.30Zeal [1] 8.97 8.59

Precsn.Wre  [1] 97.35 92.60

ProznIntPro [2] 27.20 26.55

Raj TV  [5] 41.70 40.05RajdharsanIn 40.25 38.25RajratnGlbWr 2427.60 2362.55Rajsr.Sug 28.40 27.45

Rohit Ferro 30.95 29.45

S&SPowSwitch 22.90 22.20SagardpAlloy 76.15 72.35

Saregama 4459.65 4305.10

SatinCrdNet 96.05 91.50SBCExports 150.00 147.50

SejalGlass 125.70 131.95SelManufactr 220.30 231.30ServotecPowr 108.70 108.45

ShreramProtn 97.75 102.50Shriram Pist 739.00 705.30

SPML Infra  [2] 55.70 52.95

SteelExcInd 229.75 237.75

SuranaSolar  [5] 25.00 23.75SwelectEnerg 304.55 294.25

TataTel(Mah) 144.60 137.40Themis 1074.50 1059.95ThePKTeaProd 270.00 257.95TheWestInPly 61.70 59.00Thom.Scot 42.50 40.40Tips Ind 1962.25 1958.30

TotalTranspr 83.55 82.95

TRIDENT  [1] 53.00 52.85

VIPClothing  [2] 23.60 23.05

VishnuChem 1345.20 1333.75Wanbury 95.10 90.35WelthFrstPrt 261.00 250.00WONDER FIBR 175.05 181.35Xpro India 1014.15 975.75

ZodiaEnergy 94.75 99.45

Hubtown 61.35 58.30ICDSLTD 45.40 44.90IncredbleInd 24.60 24.60Ind.Card 260.45 272.00IndoThai 300.70 315.70InspirisySol 77.20 73.35InterntlCons 32.55 34.15ISMT  [5] 49.70 47.40Jay.Neco 23.75 23.80JITFInfraLog  [2] 151.90 145.60JSWEnergy 340.10 339.35Kaly.For 197.80 190.45KapstonFacil 116.05 113.95Karma Enr 31.80 30.30Kernx.Mic 110.20 110.10Khait.Ind 40.70 39.00Khand.Sec 21.75 21.40KilitchDrugs 186.75 177.45Lotys Eye 58.50 57.05LovableLingr 144.45 137.60Lyka Labs 143.75 136.75MahaApexCorp 106.70 102.00ManakAlum  [1] 24.05 23.20ManCoatMet[1] 29.90 28.45MarneElectrl 33.25 31.85MarshalMachn 42.80 41.45Mask Invest 34.15 35.85Mega Soft 50.45 47.95MicElectrnic 21.20 20.15Mindtek(Ind) 138.75 131.85ModiRubber 71.70 69.70Morarj.Tex  [7] 21.75 20.85Mot.Gen.Fin  [5] 26.20 26.15Mukand En 27.95 27.95Nah.Spg  [5] 538.35 519.85NakodaGroup 267.05 263.10Nitin Spn 282.30 271.60NK Industrie 36.40 36.35PalashSecu 89.00 90.30PalredTech 236.70 224.90Patel Engg.  [1] 27.00 25.80

63MoonsTec [2] 225.55 228.75AakashExplor 29.30 28.35AdaniTtlGas 1665.20 1591.10AkashInfraPr 201.80 194.80AlkaliMetals 93.65 89.45ApolloMicSys 124.80 130.75ArchidplyDec 49.70 47.30Arss Infra 31.35 29.85ArtNirman 148.10 155.05Atlanta  [2] 20.95 20.50Auto Stamp 315.75 300.00Autoline 61.20 58.40AxiscadeEng [5] 105.70 101.05BalkrisPaper 49.70 47.25BankaBioloo 74.60 72.00Barak Val 23.70 22.60BclIndustrs 414.45 399.95BhartRdNet 38.65 36.75BLB  [1] 20.85 19.85BOROSIL 374.60 358.40BrightcomGr [2] 141.80 143.40Cambridge 67.15 63.80CMI 39.50 39.95CompucomS [2] 24.80 23.60CrestVenture 175.20 183.95Cyber Med 23.60 24.75DB Realty 107.80 102.45DB(Int)StBrk [2] 26.40 25.10De Nora 422.15 417.10DRCSystemInd 394.50 403.75EmamiRealty[2] 72.05 68.50FlexituffInt 26.15 25.55Glb.Vect 52.95 50.35GodhaCarbon 131.85 136.10GokulAgroRe [2] 67.75 65.85Golds.Tech 76.75 73.65GoodluckInd [2] 328.90 319.15GSS Info 101.30 98.50GujratFluro 2709.80 2663.75GujartRafInd 37.00 36.25HindRectify  [2] 201.30 191.45

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