Top Stocks on Diwali from CapitalHeight

1. Capital HeigHt Happy Diwali Top picks RepoRT Diwali Special- November-2017

2. Capital HeigHt Capital HeigHt Diwali Sapecial- October 2017 Diwali Sapecial- October 2017 Message from Research Desk Market overview 00 00

3. Capital HeigHt Capital HeigHt Diwali Sapecial- October 2017 Diwali Sapecial- October 2017 TechnicaL anaLysis The stock has corrected nearly 30% from its all-time high of 367 and currently trading near 260. It is also the level which ITC breaks in February 2017. 265 was the key reversal level in December 2014, then in February 2015 and then in September 2016. The stock fell down every time when in the last 3 years when it comes near 265, but in February this year it breaks out this level and gains nearly 30 % in last months. Now 265 became the key support level and a reversal is expected. n It has strong trend line support drawn from the lows of February 2016 n 100 day EMA also supports the stock which works good on ITC weekly chart n RSI forming a hidden divergence on weekly chart also signals a recovery in the stock n The stock has corrected nearly one third of its value, Now a good level to start buying n 265 earlier became three times monthly resistance now may support the stock. Technically the stock may take a bounce from its supports and it can target 295-300 level in the next month, Technical stop loss should be below 240. SupportS and reSiStance (Monthly) Resistance 1 277 Resistance 2 292 Resistance 3 310 VeDanTa LTD (VeDL) Vedanta is one of the world’s largest global diversified natural resource majors, with operations across zinc- lead-silver, oil & gas, iron ore, copper, aluminum and commercial power. Vedanta invested US $37 million towards community development in 2015- 16, benefitting over 2.25 million people globally. The Confederation of Indian Industry (CII) ranked Vedanta Limited and its subsidiary Hindustan Zinc among the top ten sustainable firms in India. 8 stocks to Buy Today & Get Return on Diwali iTc LiMiTeD Indian Tobacco Company (ITC) Ltd. is the multi business enterprise and is the third largest packaged food company in India. The Company is active in the domain of FMCG, Hotels, Paper boards, Packaging, Agri Business and Information Technology. The Company has completed 100 years in 2010, established in 1910 with the name ok Imperial Tobacco Company of India Ltd. At the earlier stages the company’s main focus was on Tobacco Products. In the 1970’s it started business in non-tobacco products. Recently the company has announced that ITC will target Rs 1 lakh crore income from FMCG business by 2030. Currently the revenue from FMCG business for FY 2017 crosses Rs. 8000 Crore. FunDaMenTaL anaLysis ITC has a market capitalization of $US 50 billion and turnover of $ 8 billion. ITC plans to invest 25,000 cr funds to strengthen non tobacco business. ITC grows faster than its peers Britannia and Nestle in the past 13 years with a CAGR of 17.97%. If it will grow with the same CAGR till 2030 than it will achieve the set target of 100000 cr. n The company’s revenue from cigarettes is around 34,000 cr. and total revenue is around Rs. 55,000 cr. n It covers nearly 80 percent of the Indian Tobacco market. n ITC has reported net profit of Rs. 2560 cr in the last quarter i.e. June 2017 n ITC is the cheapest stock to buy among its peers in terms of price to book value n ITC plans to open 40 new hotels, with 5000 rooms to magnify its hospitality business. n The consolidated revenue from hotel business increased to 1414 cr from 1257 cr in FY 2016-17 n It’s price to earnings ratio is near to Industry P/E, signals it is not over valued n ITC’s hotel chain in the country, reported 6.1 per cent growth in gross revenue at Rs 304.89 crore during the first quarter 2017 n ITC is the most liquid stock among its peers Britannia (4280), Godrey Phillips (966), and VST (2826), ITC is only Rs.262 per share split at Face value of Re. 1 • HindustanZincLimitedownsandoperatesafully integrated zinc-lead business of Vedanta • CairnIndiaisIndia’slargestprivate-sectorcrudeoil producer, contributing to over 25% of India’s crude oil production. Vedanta owns 58.9% of Cairn India Oil & Gas operations comprise the assets of Cairn India in India, Sri Lanka and South Africa. • BharataluminumcompanysubsidiaryofVedanta produces wire-rods, billets, bus bars and rolled products. include mines, • VedantaisoneofIndia’sleadingpowerproducers with a capacity of 3,900 MW in commercial power. • Vedanta recycled 47% of the fly ash generated through operations, as well as recycled 23% of the water utilized during its operations • It is the largest private sector exporter of iron ore in India and is developing large iron ore deposits in Liberia also manufacture pig iron and metallurgical coke. n Major Cigarette brands includes wills Navy Cut, Gold Flake, Insignia, Classic, Bristol n Major Food brands Include Aashirvaad Aata, Sunfeast, Bingo, yippee n Other brands Fiama Di Wills, Classmate, Wills life Style, Mangaldeep Agarbattis n Hotels includes Welcom Hotel, India’s 2nd largest Hotel Chain n ITC features on the Forbes Global 2000 rankings for 2012 at position 841. Support 1 Support 2 Support 3 55 245 227 FunDaMenTaLs Market cap Face value Book value EPS 52 Week H/L Dividend Payout Listed at P/E Ratio Industry P/E 318872 cr. `1 `38.19 `8.54 `367.7/ 222 475.00% NSE/BSE 30.73 31.95 00 00

4. Capital HeigHt Capital HeigHt Diwali Sapecial- October 2017 Diwali Sapecial- October 2017 FunDaMenTaL anaLysis Vedanta with the market capitalization under $15 billion and the continuing appreciation in the price of its commodity holdings and products 2017, gross debt was further reduced by Rs 2,500 Crore. Net debt was at Rs. 19,024 crore during the quarter, higher on account. The company is a world leader in zinc production (and associated lead and silver production) and its earnings report showed 84% year- over-year growth in mined metal output and record dividends during the past financial year highlights their commitment to shareholder value n Vedanta is one of the largest contributors to the exchequer in FY 2017,at Rs. 40,000 crore n The stock is a relative bargain with a 14 P/E and an impressive 6.1% annual dividend yield. n Vedanta Q1FY18 consolidated net profit rises 67.2% yoy EBITDA for the quarter rose by 41.6% yoy to Rs. 4874 crore with a corresponding margin expansion of 272 bps and gross debt reduced by Rs. 9000 crore in the last 4 months. n Vedanta Q3 FY17 consolidated net profit jumped 353.3% yoy to Rs 1,866 crore and continued the growth in FY18. n The P/E Ratio 14.12 of Vedanta is near its industry P/E 11.57 which indicates the stock is not overvalued compared to its peers Rajdarshan Industries(42.97) and Orissa minerals(161.3) as well as indicates higher opportunities with an attractive EPS of 22.53 n It is looking forward to a very exciting FY 2018 and future years, with all their Businesses operating at full capacities and cost efficiency FunDaMenTaLs BhaRaT FoRGe LTD Bharat Forge Limited the Indian multinational a leader in metal forming having transcontinental presence across ten manufacturing locations, serving several sectors including automotive, power, oil and gas, construction & mining , rail, marine and aerospace. it has the largest repository of metallurgical knowledge in the region of a USD 2.5 billion conglomerate with 10,000 global work force n Bharat forge is world’s largest forging company with manufacturing facilities spread across India, Germany, Sweden, France and North America n India’s largest manufacturer and exporter of automotive components and leading chassis component manufacturer in the world n Products in automotive range such as Passenger Vehicles, Commercial Vehicles,SUV n Bharat Forge is one of the top suppliers of forged and machined components for the automobile industry FunDaMenTaL anaLysis Bharat forge Q1FY18 Standalone net profit rises 43.4% yoy to Rs.175.1 cr and the stock has given 50% returns in a period of one-year and has outperformed And has bagged an order for 22900 units of class 8 truck, and this order is higher by 28% year on year. The defense arm of Bharat Forge, has signed a memorandum of understanding (MoU) with Israel Aerospace Industries (IAI) to expand their existing joint venture. Company’s subsidiary signed a pact with Israeli firm. • Thecompanyhascompletedtheacquisitionofthe balance 40% shares of Anagogic Controls India Limited making ACIL a wholly-owned subsidiary of the company. • Thepromotersholdinginthecompanystoodat 45.74 % while Institutions and Non-Institutions held 34.94 % and 19.31 % • BharatForgehassecureditsmaidenorderfrom Ministry of Defense to supply 1,050 dual technology detection equipment. This order worth Rs 201.60 will be manufactured in India • ThestockhaslowP/Eratioascomparedtoindustry P/E which shows the stock is undervalued • Thecompanyhasreceivedthe“TIMEIndiaGlobal Manufacturer for the year 2017 • Bharat forge has strong potential and immense growth opportunities for the investors TechnicaL anaLysis Vedl is technically strong on weekly and monthly chart, despite of bearish market in the last week the stock has managed to hold its psychological level of 300. If we look at the monthly chart, an Elliott wave is emerging and stock is currently in the third wave. Since February 2016 the stock rises sharply from 72 to 334 recent high. n Vedl has given break out on monthly chart and breaks its June 2014 high of 318. n If it sustain above 320 a strong bull rally is expected heading towards 360-390 in couple of months n Earlier it took a support at 11 day EMA formed hammer and again continued its uptrend n The uptrend will continue till it closed below 11 day EMA on Monthly chart n It holds strong support near 280 and if it breaks below a short term bearish trend is expected n Buy above 320 or Buy at support near 280 is recommended, 345-360 is one month target SupportS and reSiStance (Monthly) Resistance 1- 327 Support 1- 293 Resistance 2- 347 Support 2- 276 Resistance 3- 381 Support 3- 239 Bharat Forge Limited India BHaRat FoRGE GLoBaL HoLDING Bharat Forge Global Holding GmbH Germany Bharat Forge CDP GmbH Bharat Forge Aluniniumtechnik Gmbh Bharat Forge Kilsta AB Mecanique Generale Langroise France Bharat Forge International LTD. United Kingdom Germany Germany Sweden FunDaMenTaLs Bharat Forge Daun GmbH Market cap Face value Book value EPS 52 Week H/L Dividend Payout Listed at P/E Ratio Industry P/E 28992.20 cr Rs. 2 Rs. 176.82 Rs. 25.13 Rs. 1290/716 250.00% NSE/BSE 48.89 58.42 Talbahn Germany Germany Market cap Face value Book value EPS 52 Week H/L Dividend Payout Listed at P/E Ratio Industry P/E 11281.12 cr. `1 `162.76 `22.53 `334.65/157.75 475.00% NSE/BSE 14.12 11.57 00 00

5. Capital HeigHt Capital HeigHt Diwali Sapecial- October 2017 Diwali Sapecial- October 2017 TechnicaL anaLysis Bharat Forge in a steady bullish trend since last one year and it gained nearly 90% from 680 to 1290 since June 2016. The stock was in a consolidation range from the last 4 months and on in the 3rd week of September it breaks out of the range above 1220 and market 1290 high, heading towards its earlier life- time high of 1363 formed in April 2015. n Bharat forge has given a strong monthly break out and continued its bullish trend n The market is bearish since one week but the stock holds at higher levels n Life-time high is just nearly hundred points away which attracts the bull traders n ADX also crossed over its average and hints a strength in uptrend n Buying from current level is recommended for the monthly target of 1370 n 1220 and 1180 are the strong supports and should be treated as stop loss n The stock has strong potential to reach 1500 in the period of three months SupportS and reSiStance (Monthly) Resistance 1- 1290 Support 1- 1120 Resistance 2- 1370 Support 2- 1050 Resistance 3- 1445 Support 3- 920 TaTa consuLTancy seRVices TCS is an Indian multinational information technology service, consulting and business subsidiary of the Tata Group and operates in 46 countries It is one of the largest Indian companies by market capitalization ($80 billion. TCS and its 67 subsidiaries provide a wide range of information technology-related products and services including application development, business process outsourcing, capacity planning, consulting, enterprise software, hardware sizing, payment processing, software management and technology education services. TCS enables Application development and maintenance value, Asset leverage solutions, consulting business processing outsourcing, Enterprise solutions, IT infrastructure services, Assurance services n TCS is now placed among the ‘Big 4’ most valuable IT services brands worldwide n TCS alone generates 70% dividends of its parent company, Tata Sons In 2015, n TCS is ranked 64th overall in the Forbes World’s Most Innovative Companies ranking n TCS is the highest-ranked IT services company and the top Indian company It is the world’s 9th largest IT services provider by revenue n it is ranked 10th on the Fortune India 500 list n TCS acquired PEARL GROUP,TATA INFOTECH, PHOENIX GLOBAL, AFSI,TKS,CITIGROUP,COM ICROM,ASDC which boost the growth of company n TCS has 289 offices across 46 countries and 147 delivery centers in 21 countries spreaded global. FunDaMenTaL anaLysis Tata Consultancy Services consolidated revenue for the quarter remained flat at Rs. 29584 crores compared to Rs. 29642 crore in previous quarter. The digital services segment grew 7.6% qoq contributing 19% to the total revenue of Q1FY18.EBITDA for the quarter fell by 8.8% QoQ to Rs. 7413 crores with a corresponding margin contraction of 238 bps. EBITDA margin for the quarter stood at 25.1%. n Tata Consultancy Services new collaboration with Siemens about Internet of Things ( IoT) innovation will benefit customer from new data insights and services based on Mind Sphere n Tata Consultancy Services (TCS), has its partnership with the Institute of Company Secretaries of India (ICSI) to help foster digital learning opportunities for students. n Tata Consultancy Services (TCS), on Monday, announced its partnership with Laghu Udyog Bharati, an association of small and micro industrial units, to launch GST-related content to help Micro, Small and Medium Enterprises (MSMEs). n The ‘GST Shiksha hub’ will aim to provide relevant information on GST to all MSMEs on a real-time basis, helping them to be updated on any GST- linked development. n The quarterly results were not so good but the company profile and future projects and investments are strong n TCS P/E ratio 18.34 and industry P/E ratio 18.22 which is almost equaling which indicates that the investor will get undervalued stock n Tata Consultancy to become the second most valued company in terms of market capitalization. FunDaMenTaLs TechnicaL anaLysis TCS is trading in a tight consolidation range since last 12 weeks and long term consolidation range is between 2000-3000 from the last 3 years. Despite weak results the stock managed to hold psychological level of 2000. The stock is expected to give strong consolidation break out in the near future. n TCS consolidates only in a 120 points range since last 10-12 weeks, accumulating strength for break out n It has trend line support drawn from the November 2016 lows n If it breaks above 2590, a sharp rally may start towards life-time high of 2839 n Risky traders can start buying above 2500 and add more above 2590 n Trend line support will be around 2420-2400 and 100 day EMA also exist near 2400 SupportS and reSiStance (Monthly) Resistance 1- 2590 Support 1- 2400 Resistance 2- 2840 Support 2- 2220 Resistance 3- 3050 Support 3- 2000 seGMenT saLes chaRT n It Solutions and servides n Business Process Outsourcing n Engineering and Industrial Services n It Infrastructure Services n Asset Based Offerings n Global consulting 6%4%3% Market cap Face value Book value EPS 52 Week H/L Dividend Payout Listed at P/E Ratio Industry P/E 476686.8 Cr. Rs. 1 Rs. 450.34 Rs. 135.76 Rs. 367.7/ 222 4700.00% NSE/BSE 18.34 18.22 5% 11% 71% 00 00

6. Capital HeigHt Capital HeigHt Diwali Sapecial- October 2017 Diwali Sapecial- October 2017 kiRi inDusTRies LTD. TechnicaL anaLysis Kiri Industries on monthly chart looks strongly bullish and expected to give unexpected returns in a month. In June 2016 Kiri Industries gains highest from 192 to 397 with highest ever volume. Since then the stock is in consolidation range and in the first week of September it gives break out of this consolidation range n Kiri Industries formed a falling wedge pattern on weekly and monthly charts n The stock breaks its last one year volume and gains nearly 18% on 14 September 2016 n 405 is the monthly resistance and above this level the stock may cover strong bull rally n 352 is the strong support for the stock and should not be violate n Buying above 390 is recommended and one can add more above 405 n The stock can reach 480-490 level in a month and may double in a period of 6 months SupportS and reSiStance (Monthly) Resistance 1- 415 Support 1- 335 Resistance 2- 460 Support 2- 300 Resistance 3- 515 Support 3- 245 JuBiLanT FooD WoRks LTD. Jubilant Food Works is one of India’s largest food service Company. The Company is part of the Jubilant Bhartia Group, India’s most respected conglomerate operating in diverse business areas and with a strong global presence. It currently operates the Dominos Pizza and Dunkin Donuts brand in India. It also operates Dominos Pizza brand through its subsidiary in Sri Lanka. Domino’s began accepting online orders in 2011, and online orders accounted for approximately 18-20% of total sales n The Company & its subsidiary operates Domino’s Pizza brand with the exclusive rights for India, Nepal, Bangladesh and Sri Lanka. The Company is India’s largest and fastest growing food service company, with a network of 1,125 Domino’s Pizza restaurants across 264 cities. n Dunkin’ Donuts, a subsidiary of Dunkin’ Brands, is the world’s leading baked goods & coffee chain, selling more than 1 billion cups of coffee a year and more than 3 million customers per day n More than 11,300 Dunkin’ Donuts restaurants worldwide –with more than 3,200 international restaurants in 36 countries. n Cappuccino and Latte, Milkshakes, Smoothies, Iced Teas, Coolattas, as well as a delectable range of Burgers, Wraps, Sandwiches and side-bites are the major products Kiri Industries Limited (KIL) is one of the largest manufacturer and exporter of wide range of Dyes, Intermediates and Chemicals from India. A fully integrated Dyes and Chemicals and preferred resource centre for many of the most extensive product lines in textile dyes.It supplies reactive, acid, and direct dyes as well as dye–intermediates in various forms like standardized spray dried/tray dried – powder/ granular, crude and reverse osmosis. The company produces more than 120 dyestuffs used by textiles, leather, paint and printing–ink industries with total production capacity of 10800 MT per annum. n ERP driven enterprise management has enabled KIL to offer internationally recognized quality products and services. Besides India the company has the global presence in countries like Korea, Turkey, Taiwan, Bangladesh, USA, Canada n KIL is an accredited and certified Key Business Partner with world’s top Dyestuff majors across Asia-Pacific, the EU and Americas. nKiri Industries Limited (KIL) acquired DyStar Group, through SPV Kiri Holding Singapore Pvt LtdThe acquisition of Dystar, a multinational German Company having worldwide market share of around 21% has changed the dynamics, making Kiri now a Global Conglomerate and a total textile solution provider. Business Details Products manufactured from organic chemicals and are further prodessed to obrain dyestuff ProDucts Gamma Acid, K-Acid, R-Salt Vinyl Suphone, Meta Ureido Aniline and H-Acid inDustries Dye Intermediates Manufacturers of Synthetic Dyes A compound capable of neutralizing & containing hydrogen that can be replaced by a me tal to form a salt An acid reagent typically used for sulphonation reaction Acid Complex Suphuric Acid, Oleum & Chloro Sulphonic Acid (CSA) Cattle Feed Sup- plement Used by cattle & Poultry Feed manu- facturers Mainly used as a dietary supplenent in animal feed products Di-Calcium Phosphate(DCP) Phosphatic fertiliser & a fertiliser used to to the improve the soils quality and for improving/Building soil Single Super Phosphate (SSP) Soil Conditioner, Nitrogen Phosphorus Potassium(NPK), Sulphate Of Potash (SOP) Fertilisers Agriculture Used for Dying of Textile/ Yarns com- monly cellulosic material Dyestuff Commenced commercial production in May 2016 Reactive Black, Reactive Red, Reactive Yellow Fundamental analysis n Kiri Industries has a market capitalization of1,073 cr and it has 1063.08.Profit in the quarter ended June 2017 stood at Rs 103.67 crore, increased from Rs 81.72 crore. Surging prices of dye intermediates and reduction in heightened competition from Chinese players comprises 69 per cent of company’s revenues andexpects FY18 revenue at Rs 1,100 crore and EBITDA margin at 17 percent and EPS at over Rs 100 per share and above in FY18 n The company has added new products which will help achieve higher margin and high margin products contribute 30 percent of revenue versus 15 percent earlier, he added.. n The promoters holding in the company stood at 37.68 % while Institutions and Non-Institutions held 21.96 % and 37.4 %. n Due to the disruption caused by tropical storm Harvey, which has affected about 30-40 per cent of the US Chemicals capacity Chemical makers have been in demand for the past few weeks partly n Kiri’s P/E ratio 3.61 is less than its Industry P/E 19.30 signals it is undervalued stock as compared to peers P/E ratio Tirumal Chemicals(17.31),Balaji Amines(13.44),Fair Chemical(187.79) FunDaMenTaLs Sector Market cap Face value Book value EPS 52 Week H/L Chairman Listed at P/E Ratio Chemical 1073.08cr Rs. 10 Rs. 326.15 Rs. 103.81 Rs. 230/450.90 Manish Kiri NSE/BSE 3.68 00 00

7. Capital HeigHt Capital HeigHt Diwali Sapecial- October 2017 Diwali Sapecial- October 2017 FunDaMenTaL anaLysis Domino’s Pizza, the market leader in the organized pizza segment unveiled its most significant product refresh with an across the board enhancement of its pizzas. Jubilant Food works EBITDA for the Quarter1 rose by 31.2% yoy to Rs. 80 crore with a corresponding margin expansion of 185 bps. EBITDA margin for the quarter stood at 11.8% was the highest in the last 8 quarters. This follows combined benefit of enhanced revenue growth and optimization of cost across operations and processes. nThe PAT for the quarter1 came in at Rs. 24 crore, yoy increase of 255%. This was led by better operating performance. nDuring Q1FY18, it has opened 13 Domino’s Pizza stores and closed 5 stores with total count of 1125 stores nJubilant Food Works will use the fresh investment to refresh products for Domino’s Pizza chain, change its packaging and go for a new marketing campaign in 2017-18 nThe company has a return on equity of 19.99%. nThe promoters holding in the company stood at 44.94 % while Institutions and Non-Institutions held 41.38 % and 13.1 % respectively FunDaMenTaLs TechnicaL anaLysis Jubilant Food is on the edge of break out on weekly chart. The stock has formed rallied sharply break out of the 1000 mark in July 2017. The stock consolidates in a range of 150 points from the last 7-8 weeks near its strong weekly resistance. This level also at 50% Fibonacci retracement level of the last swing. nThe stock earlier breaks the wedge like formation on weekly chart and gains sharply nThe stock is expected to continue uptrend if breaks above weekly resistance of 1400 nIts Volume breaks last 5 years high in the 2nd week of July nADX indicates good strength in uptrend and more scope of rally towards north nA sharp uptrend may start above 1450 and extend up to 1700 n1300 and 1250 are strong supports and it should be hold if the stock has to travel north SupportS and reSiStance (Monthly) Resistance 1- 1450 Resistance 2- 1547 Resistance 3- 1700 BhaRaT Finance Bharat Financial Inclusion Limited is a non-banking finance company (NBFC), licensed by the Reserve Bank of India. The company’s mission is to provide financial services to the poor under the premise that providing financial services to poor borrowers helps to alleviate poverty. It offers life assurance and a variety of financial loans – Income Generation Loans; Mid-Term Loans; Long Term Loans; Loans for purchase of products like cook-stoves, solar lights, water purifiers, mobile phones, bicycles and sewing machines; and loans secured on gold jewelery nIt provides self-employed women financial assistance to support their business enterprises, such as raising live stock, running local retail shops called kirana stores, providing tailoring and other assorted trade and services. nBFIL distributes small loans that begin at Rs. 2,000 to Rs. 12,000 (about $44-$260) to poor women so they can start and expand simple businesses and increase their incomes. Their micro-enterprises range from raising cows and goats in order to sell their milk, to opening a village tea stall nBFIL is also an active participant in global microfinance associations, such as MIX Market and Microfinance Network nHSBC made its first microfinance loan to BFIL and Citibank made its first microfinance loan in India to BFIL. n Micro Finance Institution registered and regulated by the Reserve Bank of India, some of the largest banks and investors work with BFIL such as Axis bank, Bank of India, Icici Bank. FunDaMenTaL anaLysis Bharat Financial Inclusion Limited follows the Joint Liability Group (JLG) model. This it does without any bias of caste or religion. The two-day process consisting of three-hour-long sessions designed to educate clients on Bharat Financial Inclusion Limited’s processes and procedures and build a culture of credit discipline Bharat Financials total income during the March quarter of 2016-17 was at Rs 409.31 crore, up from Rs 370.31 crore in the same period a year ago, according to a regulatory filing. • IndusIndBank(IIB)hassignedanexclusive agreement with micro-finance lender Bharat Financial Inclusion (BFI) to explore a possible merger. • The stock delivered over 32% returns in a period of one year, outperforming the BSE Mid-cap and Nifty Financial Services indices’ over the same time span • Thetotalrevenuegrew11.8percentto463 crore in the quarter under review compared to 414 crore in the year-ago period. Total expenses rose 81.8 per cent to 500.13 crore. The provisions increased to 176 crore. • BharatFinancialtorollout2lacKiranaPoints in 16 states of India, in partnership with leading banks. Bharat Financial Inclusion Ltd, India’s first micro lender to go public, open for a complete takeover or a partial stake sale to a strategic investor as a bank to create value for its stakeholders and increase market penetration IDFC Bank, IndusInd Bank and RBL Bank are in talks with Bharat Financial Support 1- 1280 Support 2- 1200 Support 3- 1040 WeekLy chaRT Market cap Face value Book value EPS 52 Week H/L Dividend Payout Listed at P/E Ratio Industry P/E 8976.85 Cr Rs.10 Rs. 129.16 Rs. 10.93 Rs. 1532/1253 25.00% NSE/BSE 124.47 57.42 FunDaMenTaLs Market cap Face value Book value EPS 52 Week H/L Dividend Payout Listed at P/E Ratio Industry P/E 12893.25 Cr. Rs. 10 Rs. 177.27 Rs. 1.21 Rs.980/465 - NSE/BSE 771.98 44.09 00 00

8. Capital HeigHt Capital HeigHt Diwali Sapecial- October 2017 Diwali Sapecial- October 2017 TechnicaL anaLysis Bharat finance recently break its one year high and sustains above its last year’s consolidation range, 940 was the key resistance level and it touched a 52 week high of 980. If we draw a Fibonacci retracement level from its life time high (1491) to its life time low (55), it is currently on break out of 61.8% retracement level. n Bharat finance managed to sustain near its resistance level in last week’s bearish trend n A weekly close above 940 would take bharat finance towards 1250-1500 levels n The stock consolidates in a range of nearly 300 points and expected to break monthly resistance n 880 is a key support and if the stock declined than buy from this level is also recommended with a small stop loss below 840 n Else buy above 950 is strongly recommended and in a month it can target 1250 n In a year the stock reach up to 1800-2000 SupportS and reSiStance (Monthly) Resistance 1- 980 Support 1- 880 Resistance 2- 1055 Support 2- 800 Resistance 3- 1135 Support 3- 715 inTeLLecT DesiGn LTD Intellect Design Arena Ltd, is a global leader in Financial Technology for Banking, Insurance and other Financial Services and specialist in applying true Digital Technologies and designing advanced technology products for global financial platforms. Across global consumer banking (IGCB), Central Banking, Risk, Treasury & Markets (IRTM), Global Transaction Banking (IGTB) and Insurance (Intellect SEEC), Intellect provides full spectrum, fully integrated products that run in over 200 financial institutions, across 30 countries. n Intellect has designed and implemented digital transformative technologies for leading banks and other financial services organizations around the world. n Services of intellect Canvas Technology enables aflexibleandhighperformanceenvironmentfor accelerated configuration of services. n Hub Technology drives application building with zero coding with complete support for building applications, with several robust pre-built solutions. n Intellect published a comprehensive domain decomposition of banking and insurance. This connected business and technology and made cross-functional conversations more meaningful. n Intellect in Smart Legacy Modernization (SLM) with a strong Services Oriented Architecture (SOA) core ensured smooth change the business. n Intellect Design Center is a physical manifestation of enterprise commitment to design. The first such facility of its kind in the industry. FunDaMenTaL anaLysis Intellect Design Arena has market cap of 1,484.20 Cr.The Company’s annual results for revenue stood at $ 136 million as against $124 million, up by 10% for FY17.The Software license and AMC revenue stood at Rs 326 crore, up by 21% over last year recording consistent growth for the last three years. Intellect Design Arena (INDA) posted strong Q4 numbers, with a 11.3% QoQ jump (+11.9% CC) in USD revenues (USD 37.4mn) in FY17. n Intellect Design Arena announced that it has been awarded an e-commerce project by the government of India n Intellect has signed a 10 year deal with one of Australia’s big four to provide a digital solution for business and retail banking. n Intellect Design Arena reported net profit of Rs 5.80 crore in Q1 June 2017, compared with net loss of Rs 6.29 crore in Q1 June 2016. Total income rose 10.37% in FY18 n Intellect launches One MARKETS for securities trading and asset services n Intellect Design Arena announced that Central Bank Of Armenia Quantum Central Banking System for its digital transformation. n Khan Bank, the largest commercial bank in Mongolia has selected company’s debt management platform to centralize operations and digitalize its collections process. TechnicaL anaLysis Intellect is a stock whose fundamentals are not very strong but technically it is strong on charts. Despite a fall in the last week, we recommend this stock because it may turned a Jackpot if breaks 136 level. It recently breaks its long term trend line and sustains above the resistance level. Earlier it dipped below 100 mark but recovered sharply in the 2nd week of August. n Intellect formed bullish Engulfing pattern on weekly chart near February 2017 lows n It breaks trend line resistance in the 2nd week of September n Volume breaks 5 months high in the last week and price hits 5 month high at 133 n 136 is the key resistance and above this level the stock may go for a sharp rally towards 200 nRisky trader can buy above 125 with stop loss below 105 SupportS and reSiStance (Monthly) Resistance 1- 136 Support 1- 102 Resistance 2- 160 Support 2- 90 Resistance 3- 195 Support 3- 77 has selected Intellect WeekLy chaRT WeekLy chaRT FunDaMenTaLs Market cap Face value Book value EPS 52 Week H/L Dividend Payout Listed at P/E Ratio Industry P/E 1455.47 Cr. Rs. 5 Rs. 63.73 - Rs. 367.7/ 222 - NSE/BSE - 18.22 00 00

9. Capital HeigHt Capital HeigHt Diwali Sapecial- October 2017 Diwali Sapecial- October 2017 inDex anaLysis niFty 50 Nifty 50 is a benchmark stock market index of India. It is a National Stock Exchange (NSE) of India’s Index, owned and managed by India Index Services and Products (IISL). The Index covers all the major sectors of Indian Economy like Banking, Finance, Auto,Pharma,Steel,Poweretc.Nifty50isafreefloat market capitalization weighted index. nFinancial Services and Information Technology contribute 45.46% to the overall weight-age of the Index n Construction, Infrastructure, manufacturing and cement put together contribute 6.88%. Energy and power is at 12.05% n In July 2017 Nifty first time enters into the 5 digit zone i.e. 10000 n Nifty’s life-time high at 10178 touched on 19 September 2017 n Nifty 50 got doubled in its value in last five years and adds more the 5000 points n Biggest fall-21st January 2008 Nifty fell down by more than 10% on a single day due to US sub-prime crisis. TechnicaL anaLysis Nifty 50 is in a corrective trend since the last week after reaching at its peak at 10178. In the last week it breaks its earlier high of 10137 formed in the last week of July and thus formed a double top pattern on weekly chart. If we saw its last 6 months chart the index is in a strong up trend. The biggest weekly fall of nearly 400 points in the last one year was registered in the 2nd week of August 2017 but it managed to get out of bears and again breaks peak levels. The primary trend is still up but a short-term bearish trend should not be avoided. n Nifty has double top on weekly chart and it may follow a short term bearish trend. n 9700 is a key support and buying around this level is recommended with stop loss below 9625 n If it breaks 10100 level again, we can expect strong uptrend which can forward to 10500-10700 in a month n If it sustains below 9700 then a fall of 250-400 points is expected n For bears sell around 9900 maintain strict stop loss above 10000 SupportS and reSiStance (Monthly) Resistance 1- 10030 Support 1- 9700 Resistance 2- 10210 Support 2- 9520 Resistance 3- 10470 Support 3- 9330 sensex The SENSEX was introduced by the Bombay stock exchange on January 1 1986. It is one of the prominent stock market indexes in India. The Sensex is designed toreflecttheoverallmarketsentiments.Itcomprises of 30 stocks. These are large, well-established and financially sound companies from main sectors. The Sensex is an indicator of all the major companies of the BSE. n Financial Services and Information Technology contribute 48.08% to the overall weight-age of the Index n Transportation Equipment, Transport service, Metal product & mining, Chemicals & Fertilizers put together contribute 19% and Energy and power is at 12.89% n FMCG, Capital good, Telecom put together contribute 17.22%. n SENSEX’s life-time high at 32524.11 touched on September 2017 n The seven companies are Bio Green Papers, Gujarat Carbon & Industries, Malwa Cotton Spinning Mills, Suryachakra Power Corporation, Unimers India, VKS Projects and Visu International, a notice issued by the exchange said on Tuesday. n The Bombay Stock Exchange (BSE) has asked its members to submit details about surplus and accumulated loss in a prescribed format by 31 October. n BSE is likely to receive a license for commodity exchange by December, according to an exclusive report by ET Now. TechnicaL anaLysis Sensex turned bearish from near to its all-time highs. Earlier it made a life-time high at 32686 on 2nd August 2017 and then fell sharply to 31128 in a week. The Index then strengthens again and managed to reach 32524 but could not able to break all-time high. Since last week the index is in bearish trend due to profit booking in large caps n The Index formed almost double top on weekly chart n The Index closed near to its previous weekly low of 31128 n If it closed below 31100 on daily chart then it may fell down to 30000 mark in a month n If it sustains above 31100 or 31000 then a correction is expected n If the geopolitical tension rises then break down of important supports is expected n Traders should be cautious if invest in large cap stocks SupportS and reSiStance (Monthly) Resistance 1- 31550 Resistance 2- 32100 Resistance 3- 32750 Industrial Support 1- 30650 Support 2- 30000 Support 3- 29300 WeekLy chaRT WeekLy chaRT 00 00

10. Capital HeigHt Capital HeigHt Diwali Sapecial- October 2017 Diwali Sapecial- October 2017 Disclaimer T he information and views in this report, our website & all the service we provide are believed to be reliable, but we do not accept any responsibility (or liability) for errors of fact or opinion. Users have the right to choose the product/s that suits them the most. Sincere efforts have been made to present the right investment perspective. The contained herein is based on analysis and up on sources that we consider reliable. This material is for personal information and based upon it & takes no responsibility The information given herein should be treated as only factor, while making decision. The report does not provide individually made investment advice. Money CapitalHeight Ltd. recommends that investors independently evaluate particular investments and strategies, and encourages investors to seek the advice of a financial adviser. Money CapitalHeight Research Pvt Ltd. shall not be responsible for any transaction conducted based on the information given in this report, which is in violation of rules and regulations of MCX and NCDEX. The metal’s price projections shown are not indicative of performance. The information herein, estimates and forecasts, can change without notice. Analyst or any person related to Money CapitalHeight Research Pvt Ltd. might be holding positions in the stocks recommended. It is understood that anyone who is browsing through the site has done so at his free will and does not read any views expressed as a recommendation for which either the site or its owners or anyone can be held responsible for . Any surfing and reading of the information is the acceptance of this disclaimer. All Rights Reserved. Investment in Commodity and equity market has its own risks. We, however, do not vouch for the accuracy or the completeness thereof. we are not responsible for any loss incurred whatsoever for any financial profits or loss which may arise from the recommendations above. Money CapitalHeight Ltd. does not purport to be an invitation or an offer to buy or sell any financial instrument. Our Clients (Paid Or Unpaid), Any third party or anyone else have no rights to forward or share our calls or SMS or Report or Any Information Provided by us to/ with anyone which is received directly or indirectly by them. If found so then Serious Legal Actions can be taken. together with all inDia a GRoWTh sToRy! O n 8th November 2016 Prime Minister of India Narendra Modi took a very aggressive step and announced the demonetisation and banned old Rs.500 and Rs.1000 notes to curb black money, terrorism and funding of illegal activities. The Oppositions blamed Prime Minister for slower GDP Growth that bottomed at three year low of 5.7% in the 2nd Quarter of 2017. At the time of demonetisation the Indian Stock Market were near its highs, the benchmark Indices Nifty 50 was near 8500 and BSE Sensex was near 27000. Lay men and even economic experts expected a worse effect on Indian Stock market for this forceful “Note Bandi”. But only a short-term correction lightly jolts the market and it not face any major downfall. Soon the market recovered and marched towards new highs. In the current financial year Modi Government again surprised with the implementation of the “Inconceivable” Goods and Service Tax (GST) from 1st July 2017. It Compelled manufacturers drain old stocks before implementation of GST and also forced to cut production in order to restock. It affected heavily on small scale industries, Pharma sector and Textile industry. The enactment of GST may take 3-5 years to function smoothly but till the economy may face slower pace of growth. Again the stock market to expect fell down sharply on the impact of GST as it slows Industrial Production. But it did not happen. Indian farmers faced draught from the last two consecutive years due to El Nino effect. It affected roots of Indian Economy. Real State sector face a new regulation RERA (Real Estate Regulation and Development Act) which slows construction of new houses. The Industrial production slows down, manufacturing Industry suffered equally, Real Estate sector will take time to come again on track. Despite of all these factors, Indian Stock Market zooms to new peaks, Nifty 50 entered into 5 digits zone, Sensex crossed 32000 mark. What factors drag market towards North?, Is it a bubble? Or its just a beginning of the bull market which some analysts predict Sensex towards 50000 in next 5 to 8 years? Demonetisation, GST, RERA, and other government reforms will have definitely a positive impact over long time. Interest rates are still at higher levels in India and RBI has scope to lower rates. If executed properly Smart India and Digital India campaigns have power to change the picture of Indian economy. Make in India Campaign is a boon for start-ups. And the most important a very small percentage of Indian population invest in stock market and a significant growth has been observed over the past few years. May be these figures are just a bottom of Indian stock market and it has potential to reach imaginary figures in a little span of time. information investment tailor- Research Pvt Research Pvt necessarily future price 00 00

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