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Results Tracker

Tuesday, 07 Aug 2012


make more, for sure.

Q1FY13

Results to be Declared on Tuesday, 7th August 2012


COMPANIES NAME
Aditya Ispat
Aksh Optifibre

BHILWRA TEC
Bombay Dyeing

ICDS
Innoventive Ind

Nila Infra
NITESH EST

SSPDL
Stanrose Mafat

Alka India

Brigade Enter

J&K Bank

Northern Proj

Sunraj Diamond

Alkyl Amines
Allcargo Logistics

Can Fin Homes


Carborundum Uni

Jenson & Nich India


Jumbo Bag

NRC
Panacea Bio

Surat Textile
Tata Chemicals

AMD Inds
Amines & Plasti
Amit Spinning

Chettinad Cem
DALMIASUG
Deccan Cements

Kanpur Plast
KLIFESTYLE
KMF Builders

Patel Integ
Poddar Pigm
Punj Lloyd

Tea Time
TPL Plastech
Unimers India

ANANDPROJ

Delta Mag

KMG Milk Food

Rainbow Papers

United Brew

APL Apollo Tubes


Arman Fin Serv
ARROW TEX
Asian Fert

Delton Cables
DFLINFRA
Ekam Leasing
Eskay Knit

Linc Pen
Lok Housing
Lotus Eye Care
Maral Overseas

Rajapalayam
Sambhaav Media
Sharp India
Shree Raj Syntex

United Credit
VGuard Inds
Vimal Oil
VIP Inds

Asutosh Enter
Aurobindo Phar

Galada Power
Gee El Woollens

Metropoli Over
Mindteck India

SIEL Financial
SIGNET IND

VMF Sof Tech


Wellesley Corp

Axis It&T

Great Offshore

MOIL

Sobha Dev

West Coast Paper

Balrampur Chini

GS Auto

Munjal Auto

South Asian Entr

Bhagwati Oxy

Hind Rectifiers

NHPC

SPMLINFRA

Results Announced on 6th Aug 2012 (Rs Million)


Andhra Bank
Quarter ended

Year to Date

201206

201106

Interest Earned

31214.9

Other Income
Interest Expended
Operating Expenses
Operating Profit
Prov.& Contigencies
Tax
PAT

2357.3
21830.1
4708.3
4968.3
2065.5
1350
3618.3

Equity
OPM

5595.8
22.53

Year ended

201206

201106

26342.3

% Var
18.5

201203

201103

26342.3

% Var
18.5

113387.3

82912.7

% Var
36.76

31214.9

2169.5
17238.5
4708.3
0
1769.5
1370
3857.1

8.66
26.64
10.09
0
16.73
-1.46
-6.19

2357.3
21830.1
4708.3
4968.3
2065.5
1350
3618.3

2169.5
17238.5
4276.7
0
1769.5
1370
3857.1

8.66
26.64
10.09
0
16.73
-1.46
-6.19

8599.3
75794.1
18042.5
18242.7
9907.3
4796
13446.7

8969.6
50703.1
17048.5
0
6460
5000
12670.7

-4.13
49.49
5.83
0
53.36
-4.08
6.12

5595.8
26.56

0
-15.16

5595.8
22.53

5595.8
26.56

0
-15.16

5595.8
24.83

5595.8
29.1

0
-14.7

The revenue for the June 2012 quarter is pegged at Rs. 31214.90 millions, about 18.50% up against Rs. 26342.30 millions recorded during
the year-ago period.Net profit declined -6.19% to Rs. 3618.30 millions from Rs. 3857.10 millions.

Please refer to important disclosures at the end of this report

For Private circulation Only

Mansukh Securities and Finance Ltd


Office: 306, Pratap Bhavan, 5, Bahadur Shah Zafar Marg, New Delhi-110002
Phone: 011-30123450/1/3/5 Fax: 011-30117710 Email: research@moneysukh.com
Website: www.moneysukh.com

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NSE: INB230781431
PMS Regn No. INP000002387

Results Tracker

Q1FY13
make more, for sure.

SAIL
Quarter ended
201206
201106

% Var
-1.5

Year to Date
201206

201106
109415.8
4660.5
17857.4
1713.1
16144.3
3748.1
12396.2
3912.8
23.5
8483.4
41305.3
16.32

Sales
Other Income
PBIDT
Interest
PBDT
Depreciation
PBT
TAX
Deferred Tax
PAT

107775
2784.5
15367.9
1248.8
14119.1
4018.3
10100.8
3136.7
502.2
6964.1

109415.8
4660.5
17857.4
1713.1
16144.3
3748.1
12396.2
3912.8
23.5
8483.4

-40.25
-13.94
-27.1
-12.54
7.21
-18.52
-19.83
2037.02
-17.91

107775
2784.5
15367.9
1248.8
14119.1
4018.3
10100.8
3136.7
502.2
6964.1

Equity
PBIDTM(%)

41305.3
12.75

41305.3
14.85

0
-14.13

41305.3
14.26

Year ended
201203

201103

-40.25
-13.94
-27.1
-12.54
7.21
-18.52
-19.83
2037.02
-17.91

463417.9
15557.3
76576.2
6777
67179
15670.3
51508.7
16081.5
1134.2
35427.2

433073.6
14406.4
90294.5
4747.7
86801.1
14858
71943.1
22895.7
-630.4
49047.4

7.99
-15.19
42.74
-22.61
5.47
-28.4
-29.76
-279.92
-27.77

0
-12.63

41305.3
15

41304
18.96

0
-20.85

% Var
-1.5

% Var
7.01

A slight decline in the revenue of Rs. 107775.00 millions was seen for the June 2012 quarter as against Rs. 109415.80 millions during yearago period.A slender decline of -17.91% was recorded to Rs. 6964.10 millions from Rs. 8483.40 millions in the corresponding previous
quarter.The Operating Profit of the company witnessed a decrease to 15367.90 millions from 17857.40 millions.

Cadila Healthcare

Sales

Quarter ended
201206
201106
8194.2
7818.7

% Var
4.8

Year to Date
201206
8194.2

201106
7818.7

% Var
4.8

Year ended
201203
31507.8

201103
29202.8

% Var
7.89

Other Income
PBIDT
Interest
PBDT
Depreciation
PBT
TAX
Deferred Tax
PAT

26.9
1936.1
268.9
1667.2
275.2
1392
65
0
1327

178
1990.7
68.7
1922
249.7
1672.3
143
0
1529.3

-84.89
-2.74
291.41
-13.26
10.21
-16.76
-54.55
0
-13.23

26.9
1936.1
268.9
1667.2
275.2
1392
65
0
1327

178
1990.7
68.7
1922
249.7
1672.3
143
0
1529.3

-84.89
-2.74
291.41
-13.26
10.21
-16.76
-54.55
0
-13.23

2391.4
9069.2
1282.6
7786.6
1082.3
6704.3
129.1
0
6575.2

747.8
7658.4
318.1
7340.3
968.5
6371.8
268
0
6103.8

219.79
18.42
303.21
6.08
11.75
5.22
-51.83
0
7.72

Equity
PBIDTM(%)

1023.7
23.31

1023.7
25.15

0
-7.31

1023.7
23.63

1023.7
25.46

0
-7.2

1023.7
28.39

1023.7
25.91

0
9.57

The total revenue for the quarter ended June 2012 remained nearly unchanged at Rs. 8194.20 millions.The Net proft of the company
remain more or less same to Rs. 1327.00 millions from Rs. 1529.30 millions ,decline by -13.23%.The company reported a degrowth in
operating Profit to 1936.10 millions from 1990.70 millions.

Please refer to important disclosures at the end of this report

For Private circulation Only

Mansukh Securities and Finance Ltd


Office: 306, Pratap Bhavan, 5, Bahadur Shah Zafar Marg, New Delhi-110002
Phone: 011-30123450/1/3/5 Fax: 011-30117710 Email: research@moneysukh.com
Website: www.moneysukh.com

For Our Clients Only

SEBI Regn No. BSE: INB010985834 /

NSE: INB230781431
PMS Regn No. INP000002387

Results Tracker

Q1FY13
make more, for sure.

Wockhardt
Quarter ended
201206
201106
Sales
Other Income
PBIDT
Interest
PBDT
Depreciation
PBT
TAX
Deferred Tax
PAT

6073.8
57.5
1351.4
292
993.3
159.7
833.6
92.6
0
741

5508.5
53.4
1525.6
389.3
1136.3
229.5
906.8
80
0
826.8

Equity
PBIDTM(%)

547.2
22.25

547.2
27.7

Year to Date
201206

201106

7.68
-11.42
-24.99
-12.58
-30.41
-8.07
15.75
0
-10.38

6073.8
57.5
1351.4
292
993.3
159.7
833.6
92.6
0
741

5508.5
53.4
1525.6
389.3
1136.3
229.5
906.8
80
0
826.8

0
-19.66

547.2
22.25

547.2
27.7

% Var
10.26

Year ended
201203

201103

7.68
-11.42
-24.99
-12.58
-30.41
-8.07
15.75
0
-10.38

25604
201.2
8269.4
1607.7
4500.8
663.7
3837.1
1997.1
0
1840

17549.2
329.8
4254.7
2030.8
-704.9
615.8
-1320.7
0
0
-1320.7

-38.99
94.36
-20.83
-738.5
7.78
-390.54
0
0
-239.32

0
-19.66

547.2
32.3

547.2
24.24

0
33.22

% Var
10.26

% Var
45.9

The company witnessed a 10.26% growth in the revenue at Rs. 6073.80 millions for the quarter ended June 2012 as compared to Rs.
5508.50 millions during the year-ago period.The Net proft of the company remain more or less same to Rs. 741.00 millions from Rs.
26.80 millions ,decline by -10.38%.The Operating Profit of the company witnessed a decrease to 1351.40 millions from 1525.60 millions.

Britannia Inds
Quarter ended

Year to Date

Year ended

201206

201106

201106

201103

12288.9

11075.7

% Var
10.95

201203

11075.7

% Var
10.95

201206

12288.9

49741.9

42235.2

% Var
17.77

Other Income
PBIDT
Interest
PBDT
Depreciation
PBT
TAX
Deferred Tax
PAT

106.2
829.4
94.6
734.8
130.1
604.7
170.2
0
434.5

257.9
776.4
93
683.4
110.9
572.5
154.5
0
418

-58.82
6.83
1.72
7.52
17.31
5.62
10.16
0
3.95

106.2
829.4
94.6
734.8
130.1
604.7
170.2
0
434.5

257.9
776.4
93
683.4
110.9
572.5
154.5
0
418

-58.82
6.83
1.72
7.52
17.31
5.62
10.16
0
3.95

585.3
3377.6
380.7
2996.9
473.2
2523.7
656.3
0
1867.4

489.2
2804
377.5
2426.5
445.9
1980.6
527.7
0
1452.9

19.64
20.46
0.85
23.51
6.12
27.42
24.37
0
28.53

Equity
PBIDTM(%)

238.9
6.75

238.9
7.01

0
-3.72

238.9
6.75

238.9
7.01

0
-3.72

238.9
6.79

238.9
6.64

0
2.28

Sales

A fair growth of 10.95% in the revenue at Rs. 12288.90 millions was reported in the June 2012 quarter as compared to Rs. 11075.70
millions during year-ago period.Profit after tax improved marginally to Rs. 434.50 millions for the quarter ended June 2012 from Rs.
418.00 millions of corresponding previous quarter.OP of the company witnessed a marginal growth to 829.40 millions from 776.40
millions in the same quarter last year.

Please refer to important disclosures at the end of this report

For Private circulation Only

Mansukh Securities and Finance Ltd


Office: 306, Pratap Bhavan, 5, Bahadur Shah Zafar Marg, New Delhi-110002
Phone: 011-30123450/1/3/5 Fax: 011-30117710 Email: research@moneysukh.com
Website: www.moneysukh.com

For Our Clients Only

SEBI Regn No. BSE: INB010985834 /

NSE: INB230781431
PMS Regn No. INP000002387

Results Tracker

Q1FY13
make more, for sure.

Aditya Birla Nuvo


Quarter ended

Year to Date

201206

201106

Sales
Other Income
PBIDT
Interest
PBDT
Depreciation
PBT
TAX
Deferred Tax
PAT

20371.4
208.1
2141.1
865.3
1275.8
500.5
775.3
197.1
0
578.2

18639.3
261
2421.2
662.1
1759.1
498.5
1260.6
318.9
0
941.7

Equity
PBIDTM(%)

1135.2
10.51

1135.1
12.99

% Var
9.29

Year ended

201206

201106

-20.27
-11.57
30.69
-27.47
0.4
-38.5
-38.19
0
-38.6

20371.4
208.1
2141.1
865.3
1275.8
500.5
775.3
197.1
0
578.2

18639.3
261
2421.2
662.1
1759.1
498.5
1260.6
318.9
0
941.7

0.01
-19.09

1135.2
10.51

1135.1
12.99

% Var
9.29

201203

201103

-20.27
-11.57
30.69
-27.47
0.4
-38.5
-38.19
0
-38.6

84334.8
1897.4
10505
3132.6
6333.6
2030.6
4303
849.1
0
3453.9

64472.4
748.6
9599.4
2708.1
6891.3
1940.5
4950.8
1153.9
0
3796.9

0.01
-19.09

1135.2
12.46

1135.1
14.89

% Var
30.81
153.46
9.43
15.68
-8.09
4.64
-13.08
-26.41
0
-9.03
0.01
-16.34

The revenue for the June 2012 quarter is pegged at Rs. 20371.40 millions, about 9.29% up against Rs. 18639.30 millions recorded during
the year-ago period.The Company to register a -38.60% fall in the net profit for the quarter ended June 2012.Operating profit for the
quarter ended June 2012 decreased to 2141.10 millions as compared to 2421.20 millions of corresponding quarter ended June 2011.

Uttam Galva Steels


Quarter ended
201206
201106
Sales
Other Income
PBIDT
Interest
PBDT
Depreciation
PBT
TAX
Deferred Tax
PAT

20577.2
11.3
1497.9
814.3
683.6
454
229.6
127.2
81.1
102.4

15332.1
14.4
1095.8
655.7
440.1
305.4
134.7
43.7
17.1
91

Equity
PBIDTM(%)

1222.6
7.28

1222.6
7.15

Year to Date
201206

201106

-21.53
36.69
24.19
55.33
48.66
70.45
191.08
374.27
12.53

20577.2
11.3
1497.9
814.3
683.6
454
229.6
127.2
81.1
102.4

15332.1
14.4
1095.8
655.7
440.1
305.4
134.7
43.7
17.1
91

0
1.85

1222.6
7.28

1222.6
7.15

% Var
34.21

Year ended
201203

201103

-21.53
36.69
24.19
55.33
48.66
70.45
191.08
374.27
12.53

51716
76.4
5135.9
2452.1
2683.9
1273.7
1410.1
630.5
347.7
779.6

50408.1
39.2
4451.8
2122.4
2329.4
1194.1
1135.4
367.6
151.7
767.7

0
1.85

1222.6
9.93

1222.6
8.83

% Var
34.21

% Var
2.59
94.9
15.37
15.53
15.22
6.67
24.19
71.52
129.2
1.55
0
12.45

The sales surged to Rs. 20577.20 millions, up 34.21% for the June 2012 quarter as against Rs. 15332.10 millions during the corresponding
quarter previous year.A slim rise of 12.53% was recorded in the Net profit for the quarter ended June 2012 to Rs. 102.40 millions From
Rs. 91.00 millions.OP of the company witnessed a marginal growth to 1497.90 millions from 1095.80 millions in the same quarter last
year.

Please refer to important disclosures at the end of this report

For Private circulation Only

Mansukh Securities and Finance Ltd


Office: 306, Pratap Bhavan, 5, Bahadur Shah Zafar Marg, New Delhi-110002
Phone: 011-30123450/1/3/5 Fax: 011-30117710 Email: research@moneysukh.com
Website: www.moneysukh.com

For Our Clients Only

SEBI Regn No. BSE: INB010985834 /

NSE: INB230781431
PMS Regn No. INP000002387

Results Tracker

Q1FY13
make more, for sure.

DCW
Quarter ended

Year to Date

201206

201106

Sales

3587.64

Other Income
PBIDT
Interest
PBDT
Depreciation
PBT
TAX
Deferred Tax
PAT

7.28
598.92
80.37
458.55
133.4
325.15
90
0
235.15

Equity
PBIDTM(%)

413.29
16.69

Year ended

201206

201106

2629.31

% Var
36.45

201203

201103

2629.31

% Var
36.45

11861.77

10625.44

% Var
11.64

3587.64

3.94
275.36
89.23
186.13
117.4
68.73
13
0
55.73

84.77
117.5
-9.93
146.36
13.63
373.08
592.31
0
321.95

7.28
598.92
80.37
458.55
133.4
325.15
90
0
235.15

3.94
275.36
89.23
186.13
117.4
68.73
13
0
55.73

84.77
117.5
-9.93
146.36
13.63
373.08
592.31
0
321.95

9.94
1624.52
334.27
970.48
512.1
458.38
149.9
0
308.48

3.17
986.11
285.71
834.47
475.58
358.89
69.78
0
289.11

213.56
64.74
17
16.3
7.68
27.72
114.82
0
6.7

392.31
10.47

5.35
59.4

413.29
16.69

392.31
10.47

5.35
59.4

406.2
13.7

392.31
9.28

3.54
47.58

The sales for the June 2012 quarter moved up 36.45% to Rs. 3587.64 millions as compared to Rs. 2629.31 millions during the
corresponding quarter last year.The company almost doubled its revenue to Rs. 235.15 millions from Rs. 55.73 millions in the quarter
?nded June 2012.OP of the company witnessed a marginal growth to 598.92 millions from 275.36 millions in the same quarter last year.

Wheels India
Quarter ended

Year to Date

201206

201106

Sales

5196.1

Other Income
PBIDT
Interest
PBDT
Depreciation
PBT
TAX
Deferred Tax
PAT

11.6
412.2
145.2
267
130.7
136.3
47
0
89.3

Equity
PBIDTM(%)

98.7
7.93

Year ended

201206

201106

4665.9

% Var
11.36

201203

201103

4665.9

% Var
11.36

20775.4

17006.1

% Var
22.16

5196.1

6
363.1
133.2
229.9
123.8
106.1
34.2
0
71.9

93.33
13.52
9.01
16.14
5.57
28.46
37.43
0
24.2

11.6
412.2
145.2
267
130.7
136.3
47
0
89.3

6
363.1
133.2
229.9
123.8
106.1
34.2
0
71.9

93.33
13.52
9.01
16.14
5.57
28.46
37.43
0
24.2

22.9
1749.3
703
1046.3
504.7
541.6
198.1
0
343.5

27.5
1322.8
536.2
786.6
460.8
325.8
79.4
0
246.4

-16.73
32.24
31.11
33.02
9.53
66.24
149.5
0
39.41

98.7
7.78

0
1.94

98.7
7.93

98.7
7.78

0
1.94

98.7
8.42

98.7
7.78

0
8.25

The revenue zoomed 11.36% to Rs. 5196.10 millions for the quarter ended June 2012 as compared to Rs. 4665.90 millions during the
corresponding quarter last year.A humble growth in net profit of 24.20% reported in the quarter ended June 2012 to Rs. 89.30 millions
from Rs. 71.90 millions.Operating profit for the quarter ended June 2012 rose to 412.20 millions as compared to 363.10 millions of
corresponding quarter ended June 2011.

Please refer to important disclosures at the end of this report

For Private circulation Only

Mansukh Securities and Finance Ltd


Office: 306, Pratap Bhavan, 5, Bahadur Shah Zafar Marg, New Delhi-110002
Phone: 011-30123450/1/3/5 Fax: 011-30117710 Email: research@moneysukh.com
Website: www.moneysukh.com

For Our Clients Only

SEBI Regn No. BSE: INB010985834 /

NSE: INB230781431
PMS Regn No. INP000002387

Results Tracker

Q1FY13
make more, for sure.

Tube Investments
Quarter ended

Year to Date

201206

201106

Sales
Other Income
PBIDT
Interest
PBDT
Depreciation
PBT
TAX
Deferred Tax
PAT

9148
32.4
939.4
196.5
742.9
188.5
554.4
170.1
0
384.3

8742.6
12.5
1055.4
171.6
883.8
183.1
700.7
200.5
0
500.2

Equity
PBIDTM(%)

372.7
10.27

371.5
12.07

% Var
4.64

Year ended

201206

201106

159.2
-10.99
14.51
-15.94
2.95
-20.88
-15.16
0
-23.17

9148
32.4
939.4
196.5
742.9
188.5
554.4
170.1
0
384.3

8742.6
12.5
1055.4
171.6
883.8
183.1
700.7
200.5
0
500.2

0.32
-14.94

372.7
10.27

371.5
12.07

% Var
4.64

201203

201103

159.2
-10.99
14.51
-15.94
2.95
-20.88
-15.16
0
-23.17

34897.7
309.7
3973.5
761.7
3211.8
760.8
2451
650.1
0
1800.9

29811
107.9
3557.2
659.2
3104
691
2413
716.4
0
1696.6

0.32
-14.94

372.6
11.39

371.3
11.93

% Var
17.06
187.03
11.7
15.55
3.47
10.1
1.57
-9.25
0
6.15
0.35
-4.58

The Total revenue for the quarter ended June 2012 of Rs. 9148.00 millions remain, more or less, the same.The Company's Net profit for
the June 2012 quarter have declined marginally to Rs. 384.30 millions as against Rs. 500.20 millions reported during the corresponding
quarter ended.The company reported a degrowth in operating Profit to 939.40 millions from 1055.40 millions.

Essar Shipping
Quarter ended

Year to Date

Year ended

Sales

201206
4210.9

201106
2926.1

% Var
43.91

201206
4210.9

201106
2926.1

% Var
43.91

201203
12453.5

201103
5146.6

% Var
141.98

Other Income
PBIDT
Interest
PBDT
Depreciation
PBT
TAX
Deferred Tax
PAT

138.3
1200.2
761.9
438.3
370.5
67.8
5.6
0
62.2

137.1
1197.7
589
608.7
273.1
335.6
4
0
331.6

0.88
0.21
29.35
-27.99
35.66
-79.8
40
0
-81.24

138.3
1200.2
761.9
438.3
370.5
67.8
5.6
0
62.2

137.1
1197.7
589
608.7
273.1
335.6
4
0
331.6

0.88
0.21
29.35
-27.99
35.66
-79.8
40
0
-81.24

595.1
5007.3
2669
2338.3
1363.6
974.7
16.5
0
958.2

322.9
2596.8
1231.1
1365.7
569
796.7
15
0
781.7

84.3
92.83
116.8
71.22
139.65
22.34
10
0
22.58

Equity
PBIDTM(%)

2052.3
28.5

2052.3
40.93

0
-30.37

2052.3
28.5

2052.3
40.93

0
-30.37

2052.3
40.21

2052.3
50.46

0
-20.31

A decent increase of about 43.91% in the sales to Rs. 4210.90 millions was observed for the quarter ended June 2012. The sales figure stood
at Rs. 2926.10 millions during the year-ago period.Net Profit for the quarter ended June 2012 dipped to Rs. 62.20 millions from Rs. 331.60
millions in the corresponding previous quarter.Operating Profit saw a handsome growth to 1200.20 millions from 1197.70 millions in the
quarter ended June 2012.

Please refer to important disclosures at the end of this report

For Private circulation Only

Mansukh Securities and Finance Ltd


Office: 306, Pratap Bhavan, 5, Bahadur Shah Zafar Marg, New Delhi-110002
Phone: 011-30123450/1/3/5 Fax: 011-30117710 Email: research@moneysukh.com
Website: www.moneysukh.com

For Our Clients Only

SEBI Regn No. BSE: INB010985834 /

NSE: INB230781431
PMS Regn No. INP000002387

Results Tracker

Q1FY13
make more, for sure.

Data Source : ACE Equity

NAME

DESIGNATION

E-MAIL

Varun Gupta

Head - Research

varungupta@moneysukh.com

Pashupati Nath Jha

Research Analyst

pashupatinathjha@moneysukh.com

Vikram Singh

Research Analyst

vikram_research@moneysukh.com

This report is for the personal information of the authorized recipient and does not construe to be any investment, legal or taxation advice to you.
Mansukh Securities and Finance Ltd (hereinafter referred as MSFL) is not soliciting any action based on it. This report is not for public distribution and
has been furnished to you solely for your information and should not be reproduced or redistributed to any person in any form.
The report is based upon information that we consider reliable, but we do not represent that it is accurate or complete. MSFL or any of its affiliates or
employees shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information
contained in this report. MSFL or any of its affiliates or employees do not provide, at any time, any express or implied warranty of any kind, regarding
any matter pertaining to this report, including without limitation the implied warranties of merchantability, fitness for a particular purpose, and noninfringement. The recipients of this report should rely on their own investigations.
MSFL and/or its affiliates and/or employees may have interests/positions, financial or otherwise in the securities mentioned in this report. This
information is subject to change without any prior notice. MSFL reserves the right to make modifications and alterations to this statement as may be
required from time to time. Nevertheless, MSFL is committed to providing independent and transparent recommendations to its clients, and would be
happy to provide information in response to specific client queries.

Please refer to important disclosures at the end of this report

For Private circulation Only

Mansukh Securities and Finance Ltd


Office: 306, Pratap Bhavan, 5, Bahadur Shah Zafar Marg, New Delhi-110002
Phone: 011-30123450/1/3/5 Fax: 011-30117710 Email: research@moneysukh.com
Website: www.moneysukh.com

For Our Clients Only

SEBI Regn No. BSE: INB010985834 /

NSE: INB230781431
PMS Regn No. INP000002387

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