Monthly Corporate Action Tracker

Amit Gupta
amit.gup@icicisecurities.com
Bharat Chhoda
bharat.chhoda@icicisecurities.com
Cheragh Sidhwa
cheragh.sidhwa@icicisecurities.com

July 10, 2017

Announced dividend candidates for July 2017…
Announced dividend Announced dividend
Company Dividend Face value Dividend Dividend Yield Company Dividend Face value Dividend Dividend Yield
(%) (|) (|/share) (%) Ex-date (%) (|) (|/share) (%) Ex-date
Ashok Leyland 156 1.00 1.56 1.5 11/7/2017 Grindwell Norton 80 5.00 4 0.9 17/07/2017
HPCL 11 10.00 1.1 0.2 11/7/2017 Dr Reddy's Labs 400 5.00 20 0.7 17/07/2017
Alembic Pharma 200 2 00
2.00 4 08
0.8 11/7/2017 PVR 20 10 00
10.00 2 01
0.1 17/07/2017
Kotak Mah. Bank 12 5.00 0.6 0.1 12/7/2017 SKF India 100 10.00 10 0.6 18/07/2017
Karur Vysya Bank 130 2.00 2.6 1.8 12/7/2017 Vinati Organics 25 2.00 0.5 0.1 18/07/2017
SREI Infra. Fin. 5 10.00 0.5 0.4 12/7/2017 Tata Elxsi 160 10.00 16 0.9 18/07/2017
Canara Bank 10 10.00 1 0.3 12/7/2017 Tide Water Oil 2000 5.00 100 1.7 18/07/2017
Persistent Sys 30 10.00 3 0.4 12/7/2017 Blue Dart Exp. 150 10.00 15 0.3 18/07/2017
Dr Lal Pathlabs 17 10 00
10.00 17
1.7 02
0.2 12/7/2017 IndusInd Bank 60 10 00
10.00 6 04
0.4 18/07/2017
Atul 100 10.00 10 0.4 13/07/2017 J K Cements 80 10.00 8 0.8 18/07/2017
Coromandel Inter 500 1.00 5 1.2 13/07/2017 K E C Intl. 80 2.00 1.6 0.6 18/07/2017
M &M 260 5.00 13 0.9 13/07/2017 Exide Inds. 80 1.00 0.8 0.4 19/07/2017
Reliance Inds. 110 10.00 11 0.8 13/07/2017 Trent 100 1.00 1 0.4 19/07/2017
Unichem Labs. 150 2.00 3 1.1 13/07/2017 Cholaman.Inv.&Fn 20 10.00 2 0.2 19/07/2017
Dewan Hsg.
Hsg Fin
Fin. 30 10 00
10.00 3 07
0.7 13/07/2017 Carborundum Uni.
Uni 75 1 00
1.00 0 75
0.75 02
0.2 20/07/2017
MphasiS 170 10.00 17 2.8 13/07/2017 HSIL 200 2.00 4 1.0 20/07/2017
Bharti Airtel 20 5.00 1 0.3 13/07/2017 Tata Steel 100 10.00 10 1.8 20/07/2017
Info Edg.(India) 15 10.00 1.5 0.1 13/07/2017 Uflex 35 10.00 3.5 0.9 20/07/2017
Va Tech Wabag 200 2.00 4 0.6 13/07/2017 Rel. Indl. Infra 35 10.00 3.5 0.8 20/07/2017
Glaxosmit Pharma 300 10.00 30 1.2 14/07/2017 Redington India 115 2.00 2.3 1.7 20/07/2017
HDFC 750 2 00
2.00 15 09
0.9 14/07/2017 Biocon 60 5 00
5.00 3 09
0.9 20/07/2017
V I P Inds. 80 2.00 1.6 0.8 14/07/2017 IDFC 2.5 10.00 0.25 0.4 20/07/2017
M & M Fin. Serv. 120 2.00 2.4 0.7 14/07/2017 Syngene Intl. 10 10.00 1 0.2 20/07/2017
GE T&D India 90 2.00 1.8 0.5 17/07/2017 Motil.Oswal.Fin. 300 1.00 3 0.3 20/07/2017
Source: Capitaline, ICICIdirect.com Research Source: Capitaline, ICICIdirect.com Research

2
 Announced dividend candidates for July 2017…
Announced dividend Announced dividend
Company Dividend Face value Dividend Dividend Yield Company Dividend Face value Dividend Dividend Yield
(%) (|) (|/share) (%) Ex-date (%) (|) (|/share) (%) Ex-date
Edelweiss.Fin. 30 1.00 0.3 0.2 20/07/2017 MRF 540 10.00 54 0.1 27/07/2017
Bharti Infra. 40 10.00 4 1.0 20/07/2017 Sudarshan Chem. 50 2.00 1 0.3 27/07/2017
Tech
Endurance Tech. 25 10 00
10.00 25
2.5 03
0.3 20/07/2017 Finolex Inds.
Inds 115 10 00
10.00 11 5
11.5 18
1.8 27/07/2017
IDFC Bank 7.5 10.00 0.75 1.2 20/07/2017 Tech Mahindra 180 5.00 9 2.4 27/07/2017
Crompton Gr. Con 75 2.00 1.5 0.7 20/07/2017 Ujjivan Fin.Ser. 8 10.00 0.8 0.2 27/07/2017
Piramal Enterp. 1050 2.00 21 0.7 21/07/2017 Bharat Forge 250 2.00 5 0.5 28/07/2017
Shree Cement 240 10.00 24 0.1 21/07/2017 Britannia Inds. 1100 2.00 22 0.6 28/07/2017
Monsanto India 150 10.00 15 0.5 21/07/2017 CEAT 115 10.00 11.5 0.6 28/07/2017
DCM Shriram 40 2 00
2.00 08
0.8 02
0.2 21/07/2017 Century Textiles 55 10 00
10.00 55
5.5 05
0.5 28/07/2017
V-Guard Inds. 70 1.00 0.7 0.4 21/07/2017 Lak. Mach. Works 350 10.00 35 0.7 28/07/2017
Solar Inds. 150 2.00 3 0.4 21/07/2017 Amara Raja Batt. 425 1.00 4.25 0.5 28/07/2017
EIH 45 2.00 0.9 0.7 24/07/2017 ICRA 270 10.00 27 0.7 28/07/2017
Thomas Cook (I) 37.5 1.00 0.375 0.2 24/07/2017 Eicher Motors 1000 10.00 100 0.4 31/07/2017
Titan Company 260 1.00 2.6 0.5 24/07/2017 Tata Chemicals 110 10.00 11 1.7 31/07/2017
Navneet Educat.
Educat 125 2 00
2.00 25
2.5 14
1.4 25/07/2017 Johnson Con.
Con Hit 15 10 00
10.00 15
1.5 01
0.1 31/07/2017
Igarashi Motors 66.1 10.00 6.61 0.6 25/07/2017 Indoco Remedies 80 2.00 1.6 0.8 31/07/2017
Blue Star 375 2.00 7.5 1.2 26/07/2017 Crompton Gr. Con 75 2.00 1.5 0.7 20/07/2017
Bombay Dyeing 35 2.00 0.7 0.8 26/07/2017 Source: Capitaline, ICICIdirect.com Research
Greaves Cotton 75 2.00 1.5 0.9 26/07/2017
Emami 525 1.00 5.25 0.5 26/07/2017
Arvind Ltd 24 10.00 2.4 0.6 27/07/2017
Berger Paints 175 1.00 1.75 0.7 27/07/2017
Tata Sponge Iron 110 10.00 11 1.3 27/07/2017
Cummins India 450 2.00 9 1.0 27/07/2017
Source: Capitaline, ICICIdirect.com Research

3
 Probable dividend candidates for July 2017…
Probable dividend Probable dividend
Company Dividend Face value Dividend Dividend Yield Last Years Company Dividend Face value Dividend Dividend Yield Last Years
(%) (|) (|/share) (%) Ex-date (%) (|) (|/share) (%) Ex-date
GHCL 35 10 3.5 1.8 11/07/16 Zee Entertainmen 225 1 2.25 0.5 21/07/2016
J & K Bank 175 1 1.75 2.5 11/07/16 NIIT Tech. 100 10 10 2.2 22/07/2016
JSW Energy 20 10 2 2.4
24 11/07/16 Wonderla Holiday 5 10 05
0.5 01
0.1 22/07/2016
Wipro 50 2 1 0.4 11/07/16 Lupin 375 2 7.5 0.4 25/07/2016
Andhra Bank 5 10 0.5 0.8 13/07/2016 Nava Bharat Vent 150 2 3 2.4 25/07/2016
Bajaj Auto 50 10 5 0.2 14/07/2016 TCS 650 1 6.5 0.3 25/07/2016
Bajaj Fin. 70 2 1.4 0.2 14/07/2016 WABCO India 120 5 6 0.1 25/07/2016
Bajaj Holdings 75 10 7.5 0.5 14/07/2016 Gati 50 2 1 0.6 26/07/2016
Cera Sanitary.
Sanitary 180 5 9 04
0.4 14/07/2016 GlaxoSmith C H L 700 10 70 11
1.1 26/07/2016
Eveready Inds. 20 5 1 0.4 14/07/2016 Mcleod Russel 40 5 2 1.0 26/07/2016
Jyothy Lab. 100 1 1 0.3 14/07/2016 Magma Fincorp 40 2 0.8 0.8 27/07/2016
Indo Count Inds. 10 2 0.2 0.1 15/07/2016 Bombay Burmah 50 2 1 0.2 28/07/2016
Navin Fluo.Intl. 110 10 11 0.5 15/07/2016 CRISIL 600 1 6 0.3 28/07/2016
Shriram Trans. 60 10 6 0.5 18/07/2016 SML ISUZU 80 10 8 0.6 28/07/2016
Tata Motors 10 2 02
0.2 00
0.0 18/07/2016 Techno Elec.
Elec 100 2 2 06
0.6 28/07/2016
Tata Motors-DVR 15 2 0.3 0.1 18/07/2016 Thermax 300 2 6 0.7 28/07/2016
Akzo Nobel 500 10 50 3.3 19/07/2016 Federal Bank 35 2 0.7 1.1 29/07/2016
Bata India 70 5 3.5 0.6 19/07/2016 IL&FS Transport 20 10 2 2.7 29/07/2016
Karnataka Bank 50 10 5 4.2 20/07/2016 Source: Capitaline, ICICIdirect.com Research
Shri.City Union. 100 10 10 0.5 20/07/2016
Mahindra Holiday 50 10 5 1.2 21/07/2016
Sobha 20 10 2 0.6 21/07/2016
Strides Shasun 40 10 4 0.3 21/07/2016
Tata Comm 43 10 4.3 0.9 21/07/2016
Source: Capitaline, ICICIdirect.com Research

4
 Stock split, bonus issue, merger and board meetings for July 2017
Stock split in July
J l 2017 B d meetings
Board ti iin J
July
l 2017
Face value before Face value after Company Name Meeting Date Board Meeting purpose
Company Name Ratio split split Record date IndusInd Bank 11/7/2017 Quarterly Results
Can Fin Homes 5:1 10 2.0 NA South Ind.Bank 11/7/2017 Quarterly Results
Sunteck Realty 2:1 2 1.0 NA CCL Products 11/7/2017 Quarterly Results
Coral India Fin
Fin. 5:1 10 2.0
20 NA Amtek Auto 11/7/2017 Quarterly Results
Dwarikesh Sugar 10:1 10 1.0 NA Monnet Ispat 11/7/2017 Quarterly Results
Sai Baba Invt. 10:1 10 1.0 NA Bajaj Corp 12/7/2017 Quarterly Results
Source: Capitaline, ICICIdirect.com Research TCS 13/07/2017 Quarterly Results,Interim Dividend
Hatsun AgroProd. 13/07/2017 Quarterly Results,Interim Dividend
Bonus in July 2017 Infibeam Incorp. 13/07/2017 Stock Split,Others,Acquisitions
Cyient 13/07/2017 Quarterly Results
Company Ratio Ex Bonus Date Record Date Multi Comm. Exc. 13/07/2017 Quarterly Results
Larsen & Toubro 2:1 13/07/2017 14/07/2017 Rel. Indl. Infra 13/07/2017 Quarterly Results
Munjal Auto Inds 1:1 11/7/2017 12/7/2017 Infosys 14/07/2017 Quarterly Results
BPCL 2:1 13/07/2017 15/07/2017 Bhansali Engg. 14/07/2017 Quarterly Results
HPCL 2:1 11/7/2017 12/7/2017 GRUH Finance 15/07/2017 Quarterly Results
City Union Bank 10:1 13/07/2017 15/07/2017 Karnataka Bank 15/07/2017 Quarterly Results
Mahindra Holiday 2:1 10/7/2017 11/7/2017 Jubilant Food. 17/07/2017 Quarterly Results,Others
Source: Capitaline, ICICIdirect.com Research Linde India 17/07/2017 Quarterly Results
Hindustan Media 17/07/2017 Quarterly Results
Merger Prakash Inds. 17/07/2017 Quarterly Results
Indian Metals 17/07/2017 Quarterly Results
Acquirer Company Target Company Merger Ratio(Target:Acq)
UltraTech Cem.
Cem 18/07/2017 Quarterly Results
Timken India Ltd ABC Bearings Ltd 5:8
Jubilant Life 18/07/2017 Quarterly Results
Source: Capitaline, ICICIdirect.com Research
Mah. Scooters 18/07/2017 Quarterly Results
H T Media 18/07/2017 Quarterly Results
Sasken Technol. 18/07/2017 Quarterly Results
Hil Ltd 18/07/2017 Quarterly Results
Source: Capitaline
Capitaline, ICICIdirect
ICICIdirect.com
com Research

5
Board meetings in July 2017…
Board meetings in July 2017 Board meetings in July 2017
Company Name Meeting Date Board Meeting purpose Company Name Meeting Date Board Meeting purpose
Bajaj Finserv 19/07/2017 Quarterly Results GIC Housing Fin 24/07/2017 Quarterly Results
Oracle Fin.Serv. 19/07/2017 Employee Stock Option Excel Crop Care 24/07/2017 Quarterly Results
Havells India 19/07/2017 Quarterly Results Axis Bank 25/07/2017 Accounts,Quarterly Results
Mindtree 19/07/2017 Quarterly Results Hero Motocorp 25/07/2017 Quarterly Results
KPIT Tech. 19/07/2017 Quarterly Results Pidilite Inds. 25/07/2017 Quarterly Results
GNA Axles 19/07/2017 Quarterly Results Glaxosmit Pharma 25/07/2017 Quarterly Results
Kotak Mah. Bank 20/07/2017 Quarterly Results Fag Bearings 25/07/2017 Accounts
Wipro 20/07/2017 Quarterly Results Navin Fluo.Intl. 25/07/2017 Quarterly Results
Bajaj Auto 20/07/2017 Quarterly Results Mahindra Life. 25/07/2017 Accounts,Quarterly Results
ABB 20/07/2017 Accounts Internat. Paper 25/07/2017 Quarterly Results
Bajaj Holdings 20/07/2017 Quarterly Results Oriental Hotels 25/07/2017 Quarterly Results
Kansai Nerolac 20/07/2017 Quarterly Results HDFC 26/07/2017 Private Placement Basis
RBL Bank 20/07/2017 Quarterly Results Yes Bank 26/07/2017 Quarterly Results
Mahindra CIE 20/07/2017 Quarterly Results Nestle India 26/07/2017 Quarterly Results
Force Motors 20/07/2017 Quarterly Results MphasiS 26/07/2017 Quarterly Results
Nucleus Soft. 20/07/2017 Quarterly Results Bharat Financial 26/07/2017 Quarterly Results
Can Fin Homes 21/07/2017 Quarterly Results Agro Tech Foods. 26/07/2017 Accounts
Atul 21/07/2017 Quarterly Results,Others Everest Inds. 26/07/2017 Quarterly Results
Persistent Sys 21/07/2017 Accounts Dr Reddy's Labs 27/07/2017 Quarterly Results
Balmer Lawrie 21/07/2017 AGM IDFC Bank 27/07/2017 Quarterly Results
Tata Sponge Iron 21/07/2017 Quarterly Results Biocon 27/07/2017 Quarterly Results
Tinplate
p Co. 21/07/2017
/ / Quarterlyy Results Exide Inds. 27/07/2017
/ / Quarterlyy Results
3i Infotech 22/07/2017 Quarterly Results Aditya Bir. Fas. 27/07/2017 Quarterly Results
HDFC Bank 24/07/2017 Quarterly Results WABCO India 27/07/2017 Quarterly Results
Zee Entertainmen 24/07/2017 Quarterly Results IDFC 27/07/2017 Quarterly Results
M & M Fin. Serv. 24/07/2017 Quarterly Results Syngene Intl. 27/07/2017 Quarterly Results
Source: Capitaline, ICICIdirect.com Research Source: Capitaline, ICICIdirect.com Research

6
 AGMs and board meetings in July 2017…
Board meetings in July 2017 AGM in July 2017
Company Name Meeting Date Board Meeting purpose Company name Event Date Event Type Event Location
Empire Inds. 27/07/2017 Quarterly Results Laurus Labs 12/7/2017 AGM Vishakapatnam
Essel Propack 12/7/2017 AGM Thane
Balmer Law. Inv. 27/07/2017 AGM
Supreme Petroch. 12/7/2017 AGM Mumbai
Coromandel Inter 28/07/2017 Quarterly Results
Gandhi Spl. Tube 12/7/2017 AGM Mumbai
EPC Inds.
Inds 28/07/2017 Quarterly Results JSW Energy 13/07/2017 AGM Mumbai
GHCL 29/07/2017 Quarterly Results Cyient 13/07/2017 AGM Hyderabad
Godrej Consumer 31/07/2017 Quarterly Results,Interim Dividend Vedanta 14/07/2017 AGM Bandra
Shree Cement 31/07/2017 Quarterly Results Hero Motocorp 14/07/2017 AGM New Delhi
Trent 31/07/2017 Quarterly Results Federal Bank 14/07/2017 AGM Aluva
Bhansali Engg. 15/07/2017 AGM Mumbai
V-Guard Inds. 31/07/2017 Quarterly Results
ICICI Pru Life 17/07/2017 AGM Mumbai
S
Source: C
Capitaline,
it li ICICIdi
ICICIdirect.com
t R
Researchh Karnataka Bank 17/07/2017 AGM Mangalore
Tata Coffee 17/07/2017 AGM Kodagu
Indian Metals 17/07/2017 AGM Bhubaneswar
Capri Global 17/07/2017 AGM Mumbai
UltraTech Cem. 18/07/2017 AGM Mumbai
Mindtree 18/07/2017 AGM Bangalore
Abbott India 18/07/2017 AGM Mumbai
Bata India 18/07/2017 AGM Kolkata
Bajaj Corp 18/07/2017 AGM Udaipur
AGM in July 2017 Lak. Vilas Bank 18/07/2017 AGM Karur
Mah. Scooters 18/07/2017 AGM Pune
Company name Event Date Event Type Event Location Plastiblends (I) 18/07/2017 AGM Mumbai
Indian Hume Pipe 10/7/2017 AGM Mumbai Sasken Technol. 18/07/2017 AGM Bangalore
Bank of India 11/7/2017 AGM Bandra (East) Hil Ltd 18/07/2017 AGM Hyderabad
Jyothy Lab. 11/7/2017 AGM Mumbai Wipro 19/07/2017 AGM Bangalore
South Ind.Bank 11/7/2017 AGM Thrissur
Source: Capitaline, ICICIdirect.com Research
CCL Products 11/7/2017 AGM Guntur
Centum Electron 11/7/2017 AGM Bangalore
Source: Capitaline, ICICIdirect.com Research

7
AGM in July 2017…
AGM in July 2017 AGM in July 2017
Company name Event Date Event Type Event Location Company name Event Date Event Type Event Location
Bajaj Finserv 19/07/2017 AGM Pune JM Financial 24/07/2017 AGM Mumbai
Sundaram Clayton 19/07/2017 AGM Chennai GIC Housing Fin 24/07/2017 AGM Mumbai
Zensar Tech. 19/07/2017 AGM Pune Swaraj Engines 24/07/2017 AGM Mohali
KEI Inds. 19/07/2017 AGM New Delhi Shankara Build. 24/07/2017 AGM Mumbai
MPS 19/07/2017 AGM Chennai Sanghi Inds. 24/07/2017 AGM Ranga Reddy
Bajaj Auto 20/07/2017 AGM Pune Excel Crop Care 24/07/2017 AGM Andheri (East)
Bajaj Holdings 20/07/2017 AGM Pune Vindhya Telelink 24/07/2017 AGM Rewa
Canara Bank 20/07/2017 AGM Bangalore RPG LifeScience. 24/07/2017 AGM Mumbai
Sundaram Finance 20/07/2017 AGM Chennai Glaxosmit Pharma 25/07/2017 AGM Mumbai
Dr Lal Pathlabs 20/07/2017 AGM New Delhi Tinplate Co. 25/07/2017 AGM Kolkata
Sheela Foam 20/07/2017 AGM New Delhi Alkyl Amines 25/07/2017 AGM Vashi
Persistent Sys 20/07/2017 AGM Pune Manali Petrochem 25/07/2017 AGM Chennai
Reliance Inds. 21/07/2017 AGM Mumbai HDFC 26/07/2017 AGM Mumbai
Ashok Leyland 21/07/2017 AGM Chennai Axis Bank 26/07/2017 AGM Ahmedabad
Dewan Hsg. Fin. 21/07/2017 AGM Mumbai Tata Metaliks 26/07/2017 AGM Kolkata
Info Edg.(India) 21/07/2017 AGM New Delhi Cera Sanitary. 27/07/2017 AGM Mehsana
Andhra Bank 21/07/2017 AGM Hyderabad Empire Inds. 27/07/2017 AGM Mumbai
Camlin Fine 21/07/2017 AGM Mumbai
Shreyas Shipping 21/07/2017 AGM Mumbai Source: Capitaline, ICICIdirect.com Research
IIFL Holdings 22/07/2017 AGM Mumbai
SREI Infra. Fin. 22/07/2017 AGM Kolkata
Unichem Labs. 22/07/2017 AGM Mumbai
Lumax Inds. 22/07/2017 AGM New Delhi
Thirumalai Chem. 22/07/2017 AGM Mumbai
HDFC Bank 24/07/2017 AGM Mumbai
Source: Capitaline, ICICIdirect.com Research

8
Major stakeholder’s activity and preferential allotment in June 2017

Major stakeholder’s activity in June 2017

Company No of shares Bought/Sold Total Equity Net change % of total
(In lakhs) (In lakhs) (%)
CARE Ratings 26.2 294.4 8.9
Dr Lal Pathlabs -20.3
20.3 827.8 -2.5
2.5
Fortis Health. -45.0 3545.0 -1.3
Guj Pipavav Port 83.1 4834.4 1.7
Indbull.RealEst. -330.0 5066.6 -6.5
Ipca Labs. 12.3 1262.0 1.0
ITD Cem -32.4 1551.6 -2.1
Kesoram Inds. 75.0 1172.7 6.4
Larsen & Toubro -237.3 9326.8 -2.5
Navin Fluo.Intl. -4.9 97.9 -5.0
Petronet LNG -750.0 7500.0 -10.0
Source: Capitaline, ICICIdirect.com Research

Preferential allotment in June 2017

Company No.of Eq. Shares Face Value Issue Price Issued To Issued Category Date of allotment
(in crore) (|) (|)
Kesoram Inds. 0.75 10 120.0 IndusInd Bank limited NA 14/06/2017
St Bk of India 52.22 1 287.3 NA QIBs 12/6/2017
Federal Bank 21.55 2 116.0 QIPs NA 29/06/2017
Bank of India 1.75 10 126.8 Life Insurance Corporation of India NA 14/06/2017
Cerebra Integr. 1.19 10 0.0 Strategic Investor Kuber Global Fund NA 22/06/2017
Tech Mahindra 0.06 5 0.0 NA NA 19/06/2017
Indiabulls Vent. 4.74 2 94.7 Tamarind Capital Pte Ltd NA 6/6/2017
Adlabs Entert. 0.12 10 95.0 M/s. Bennett Coleman and Company Limited Promoter and promoter group 20/06/2017
Source: Capitaline, ICICIdirect.com Research
Historical
Deal Team frequency of corporate
– At Your Serviceactions…

Number of rights issues- CNX 500 Number of stock splits- CNX 500

16 15 45 39
14 40
12 35
30 25
10 8 8
7 25 18
8 6 20 15
6 5 5 5 12 13
15 11
4 2 10 7 6
2 5
0 0
CY2008 CY2009 CY2010 CY2011 CY2012 CY2013 CY2014 CY2015 CY2016 CY2008 CY2009 CY2010 CY2011 CY2012 CY2013 CY2014 CY2015 CY2016

Number of rights Issue Number of stock Split

Number of bonus issues- CNX 500 Average dividend payout ratio (%) for CNX
500
30 28
45.0 39.8
25 22 40.0 36.5
35.0 30.5
20 17 28.1
14 15 30.0 24.7
22.6 23.3 21.8
15 12 12 25.0 20.0
100
10 8 20 0
20.0
15.0
5 10.0
0 5.0
CY2008 CY2009 CY2010 CY2011 CY2012 CY2013 CY2014 CY2015 CY2016 0.0
FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16

Number of Bonus Issues

Di id d P
Dividend Payout R
Ratio
i

Source: Capitaline, ICICIdirect.com Research

10
Portfolio allocation in Derivatives Products…
• It iis recommended
d d tto spread
d outt th
the ttrading
di corpus iin a proportionate
ti t manner b between
t th
the various
i d
derivatives
i ti
research products
• Please avoid allocating the entire trading corpus to a single stock or a single product segment
• Within each product segment, it is advisable to allocate equal amount to each recommendation.
• For example: The ‘Daily Derivatives’ product carries two intraday recommendations. It is advisable to allocate equal
amount to each recommendation
• Stock Trader and Quant Picks recommendations should be considered in cash segment and stoploss on closing
basis. Time frame for these recommendations is 3 month.

Allocation Return Objective

Product
P d wise i M allocation
Max ll i FFrontline
li Mid
Mid-cap
Products allocation per stock Number of Calls Stocks stocks Duration
Daily Derivatives 5% 2-3% 2 Stocks 1% 2-3% Intraday
Weekly Derivatives 10% 3-5% 2 Stocks 3-5% 5-7% 1 Week
High OI stock 5% 2 3%
2-3% 2 3 Stocks
2-3 5 7%
5-7% 7 10%
7-10% 1 2 Weeks
1-2
Monthly Derivatives 20% 3-5% 4-7 Stocks 7-10% 10-15% 1 Month
Global Derivatives 5% 2-3% 1-2 index strategy - - 1 Month
Stock Trader/ Stock in Focus 10% 2-3% 5-6 Stocks 7-10% 10-15% 3 Months
Alpha Trader 5% 22-3%
3% 22-33 Alpha strategy 5% - 3 Months
Volatility Insights 5% 2-3% 1-2 Strategy 8-10% 10-15% 1-2 Month
Arbitrage Opportunity 5% 2-3% 2-3 Stocks > 2.5% >2.5% Event Based
Positional / Daily Futures 10% 2-3% 8-12 Stocks 1-3% 2-5% 1-14 days
de op
Index option
o &S
Strategy
egy 15%
5% 33-4%
% 2-55 Niftyy 2-3%
3% - 1-14 ddays
ys
Stock option & Strategy 5% 3-4% 2-8 Stocks - 3-5% 1-14 days

11
Pankaj Pandey Head – Research pankaj.pandey@icicisecurities.com
ICICIdirect.com Research Desk,
ICICI Securities Limited,
1st Floor, Akruti Trade Centre,
Road no.7, MIDC
Andheri (East)
Mumbai – 400 093
research@icicidirect com
research@icicidirect.com

12
Disclaimer
ANALYST CERTIFICATION
We //I,, Amit Gupta
p B.E,, MBA ((Finance), ), Bharat Chhoda MBA,, Cheragh g Sidhwa,, MBA,, Research Analysts
y authors and the names subscribed
to this report, hereby certify that all of the views expressed in this research report accurately reflect our views about the subject issuer(s) or
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The information and opinions in this report have been prepared by ICICI Securities and are subject to change without any notice. The report
and information contained herein is strictly y confidential and meant solelyy for the selected recipient
p and may y not be altered in any y way,
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It is confirmed that,
that Amit Gupta B.E,
B E MBA (Finance),
(Finance) Bharat Chhoda MBA,
MBA Cheragh Sidhwa,
Sidhwa MBA,
MBA Research Analysts of this report have not
received any compensation from the companies mentioned in the report in the preceding twelve months.
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