Monthly Update From Mansukh (For Private Circulation Only) Issue : November 2010

FROM THE DESK OF EDITOR

MARKETS MAY REMAIN RANGE BOUND- GLOBAL DATA EYED

The domestic equity markets settled the futures & options' (F&O) expiry week on a negative note. The Street
witnessed high volatility and record volume during the passing week on account of F&O October series expiry.
The key indices finished higher on two out of five trading sessions of the week. The cuts on the broader indices
were even severe compared to their larger peers. Though Q2 earnings' season has so far remained good for India
Inc., the markets that have already witnessed sharp up-move in past two months are looking a bit exhausted for
further rally at this point. During the week, only consumer durables and auto gauges managed to show
respectable gains while realty, power and public sector undertaking witnessed maximum unwinding of
positions from traders.
The markets witnessed a gargantuan turnover of over Rs 2.82 lakh crore in the day's trade which is
highest ever in the history of Indian markets while the previous high of over Rs 2.36 lakh crore of
turnover was registered on the day of September expiry. The markets also witnessed vast rollovers
today in stocks like ABG Shipyard (89%), Orchid Chemicals (87%) and Andhra Bank (76%). Total
open interest (OI) for the October series expiry remained around 10% lower than September expiry.
On the global front, markets in Asia ended mostly in the positive terrain while sentiments in Europe
remained strong as they traded with sturdy gains of over half a percent points. Back home, buying
interests in Heavyweights like Reliance, Bharti Airtel and Hero Honda gave some support to the
frontline indices while the broader markets proved to be the laggards today. Huge profit bookings
marred all the sectoral indices on the NSE, with the Realty index being the biggest loser with 1.99%
losses. The India VIX, a gauge for market's short term expectation of volatility, decreased 2.37% and
reached 20.52 at close.
Nifty November futures saw an addition of 5.93% or 1.44 million (mn) units, taking the total
outstanding open interest (OI) to 25.85 mn units. For Nifty calls, 6100 strike price (SP) from the
November series was the most active call with an addition of 1.25 mn or 43.25%. Among Nifty puts, 6000 SP from the November month expiry was the most active put with an
addition of 0.81 mn or 19.02%. The maximum Call OI outstanding was at 6100 SP (4.16 mn) and that for Puts at 6000 SP (5.09 mn. The Nifty Put Call Ratio (PCR) OI wise stood at
1.13 for November-month contracts. The top five scrips with highest PCR on OI were Dr Reddy's 2, ACC 1.98, Godrej Industries 1.63, Jindal Steel 0.95 and Aban Offshore 0.76.
Among most active underlyings ICICI Bank witnessed an addition of 16.56% in the November month futures contract, followed by Reliance which saw an addition of 1.59% of OI
in the near month contract. Tata Steel witnessed an addition of 3.65% in the near-month futures. Tata Motors saw an addition of 2.77% in the OI while Uco Bank witnessed an
addition of 3.53% in the near month futures contract.
The coming week will be the eventful one as there are few important macro as well as micro economic events lined up. There will be only four trading sessions next week. The
Reserve Bank of India's (RBI) second quarter monetary policy review for FY11 is scheduled on November 02 (Tuesday). The apex bank of the country is expected to go for one
more round of rate hike in its policy review to tame spiraling inflation. Besides this, all eyes will also be on the outcome of the Federal Open Market Committee (FOMC) meeting in
the US which will be held over November 02-03. The US Federal Reserve is likely to take more monetary easing steps this time to boost the slowing economy. Technically too
domestic indices seem to be on the back foot as we expect 5830-5850 could be the crucial support zone. Any drift below this may open the flood gates however next support could
be around 5600. On the flip side if support remains stagnant , we might see some more bullishness in the upcoming sessions however 6295 will be very crucial to watch. HAPPY
TRADING…..
Call Put Analysis (Nifty Nov 2010 series) Call Put Volume & Volatility Index (Nifty - Oct 2010)
3000 26
53

60 OI in Lakhs Cash (Rs bn) F & O (Rs bn) Volatility %

46

44
42

42
41

24
36

34

40 2000
28
25
25

25

22
23
22

20 1000
10

20
9
7

6
4

4
3

0 0 18
5400 5500 5600 5700 5800 5900 6000 6100 6200 6300 6400 6500 19-Oct 20-Oct 21-Oct 22-Oct 25-Oct 26-Oct 27-Oct 28-Oct 29-Oct

1 2 3 4 5 6 7 8
INSIDE

Mansukh
Market Economy Technical Fundamental Market Commodity Auxiliary
Global
Review Update Picks Picks Tutorials Section Section
Snapshot

Visit www.moneysukh.com
make more, for sure.
or sms 'mansukh' to 54545
GLOBAL SNAPSHOT make more, for sure.

GLOBAL ECONOMY- STILL THERE ARE SOME TUTORIALS LEFT TO UNDERSTAND

The U.S. at least has a innermost banker who seems to comprehend the
risk. In the face of his connivance in getting us into this mess in the first
place, Ben Bernanke has shown he understands the risks that deflation
poses, especially in a debt-laden economy, and believes that he has
ample tools to thwart deflation from gaining traction in the economy
(even with rates at zero).
Generally, we simply can't bring ourselves to own bonds at the yields
on offer in most markets today. However, that doesn't mean we are
ignoring the short-term risks. So whilst we are generally inclined to be
short nominal duration across portfolios (as suggested by the 7-year
forecasts), we have been adding nominal duration. How can one add
nominal duration when bonds are overpriced? Doesn't this imply that
we are betraying our value investing credentials?

In early 2009, Christina Romer, Chair of the Council of Economic

Advisers, gave a speech laying out six lessons from the Great Depression.
Lesson I: Small fiscal expansion has only small effects. Lesson II: Monetary expansion can help to heal an economy even when
interest rates are near zero. Lesson III: Beware of cutting back on stimulus too soon. Lesson IV: Financial recovery and real
recovery go together. Lesson V: Worldwide expansionary policy shares the burdens and the benefits of recovery. Lesson VI: The
Great Depression did eventually end.

The European sovereign debt crisis of spring 2010 was a misnomer in more ways than one: there was not one crisis but two. And
it will continue well beyond 2010, in our view. The first crisis was, and remains, an institutional crisis of the euro, caused by a
flawed multilateral fiscal surveillance framework. This is reflected by the acceptance by the Greek, Spanish and Portuguese
governments of fiscal measures largely dictated from Berlin and Brussels. The second crisis was, and remains, a sovereign debt
crisis: a crisis caused by sovereign balance sheets being overstretched, to the point where insolvency ceases to be merely possible
and becomes plausible. This crisis is not limited to the periphery of Europe. It is a global crisis and it is far from over. However
there are good reasons why government bonds should rank senior to most other liabilities. To mention one: governments need to
be able to raise finance to fund public investment as well as to perform their macroeconomic stabilization role. They cannot issue
equity, and cannot credibly issue secured debt2. Unrestricted access to unsecured, confidence-based funding is core to their
'business model', as it is for banks. This was, historically at least, the main argument for honoring sovereign debt. There are
others, not least the consequences of a government default for output and for financial stability when banks own substantial
exposure to the sovereign.

GMO 7 - Year Asset Class Return Forecasts

As of June 30, 2010

2
 make more, for sure. ECONOMY UPDATE

INDIAN ECONOMY - ON THE TRACK BUT EARNINGS REVISIONS ARE NO LONGER HEADED SOUTH
India´s economy chalked up impressive real GDP expansion of 8.6% year-on-
year (y-o-y) (and 13.4% saar quarter-on-quarter [q-o-q]) in Q110 (Q4 FY
2009/10). The quarterly outturn helped to propel full fiscal year growth to
7.4% in FY 2009/10 (April-March). While we believe headline expansion
should cool going forward, India´s domestic demand-driven economy and a
lack of direct exposure to the Chinese economy should propel real GDP growth
to a robust 7.8% for both FY 2010/2011 and FY 2011/2012. With the economy
well on track, the government will need to address pressing internal security
issues as well as the urgent need to boost the country´s infrastructure
capacity. The success of policies on all these issues will undoubtedly help shape
the country´s long-term economic prospects, on which we remain bullish
overall, penciling average real GDP growth of 7.7% over the next decade.
In the 12 months since the ruling United Progressive Alliance (UPA)
won the general elections in 2009, the Indian economy has performed
well and, notably, steps are being taken to address the fiscal situation.
In particular, we point to the removal of fuel subsidies that will have a
significant positive impact on the government budget for the longer
term. Despite success on the economic front, the UPA still faces considerable challenges in the form of a resurgent Naxalite
threat and still-frosty relations with Pakistan.
India´s real estate market has recovered strongly over the last three quarters, sparking fears that emerging Asia´s second-largest
economy might be facing a reflated property bubble. In our view, although there are parallels to be drawn with the Chinese
property market (on which we are decidedly bearish), we argue that India faces comparatively more benign macroeconomic
conditions over the medium term. Therefore, we are in favour of price stability in the residential market over the next year,
noting that the bulk of price increases might be behind us. For commercial real estate, ample upcoming supply for the retail and
commercial segments should limit rent increases in the coming quarters.
Awaiting February 2010 (as per the 2004-05 WPI series), food and textiles contributed more than 60% of the overall 9.7% WPI
inflation on account of the drought-driven increase in the prices of food grains, sugar and cotton, among others. By August 2010,
their contribution to the 8.7% WPI, though still high at 47% was on a downward trend. Oil's contribution to overall inflation
increased to 18% from 13%. Contribution of other items (having more than 54% weightage in the WPI index) increased to 37% in
August 2010 due to the increased prices of coal, metals, electricity and wood products among others, indicating that inflation is
becoming more broad based. Over the next few months, we expect inflation to continue to moderate from the peak levels seen in
the recent months. underrepresented in GDP.

3
TECHNICAL PICKS make more, for sure.

TECHNICAL ANALYSIS
NDTV LTD
MANSUKH DESK
New Delhi Television (NDTV) was founded
in 1988. It started its journey by live election
coverage in India. Later in 1998 it became
India's first 24-hour channel in alliance with
Star. During this period it also produced 80%
of the content for BBC India. It also launched
NDTV Online in 1998. Today NDTV is India's
first and largest private producer of news,
current affairs and entertainment television.
Presently it beams channels like NDTV 24X7,
NDTV Good Times, NDTV Profit, NDTC
Imagine to the Indian audiences. It also
provides news to mobile users through NDTV
Active. NDTV has also launched 'Astro
Awani' channel in Indonesia in partnership
with Astro, a leading South East Asia media
group. It is a 24 hour news, infotainment and
lifestyle channel. It has also launched NDTV
Arabia catering to the Middle East countries.
On technical perspective, stock currently in its
retracement phase from the highs of Rs 117 on
daily basis. Moreover entire correction from
the highs of Rs 131 to the lows of Rs 100 seems
to be completing at current juncture and we
expect some counter actions in upcoming
sessions. Moreover technical indicators i.e.
RSI and MACD also revealed some buying
SCRIP NAME TRIGGER PRICE TARGET 1 TARGET 2 STOP LOSS DURATION opportunities in near term. Hence investors
are advised to BUY this stock for the target of
NDTV 100-102 130 135 95 1 Month Rs.130-135 in one month.

SWARAJ MAJDA LTD

MANSUKH DESK
Swaraj Mazda, incorporated in 1983 as Swaraj
Vehicles, is engaged in manufacturing of
vehicles for goods and passenger applications. In
1984 the company entered in a joint venture with
Punjab Tractors, Mazda Motor Corporation and
Sumitomo Corporation, Japan for the
manufacture of light commercial vehicles
(LCVs). Swaraj Mazda manufactures a range of
vehicles such as trucks, buses and ambulances.
The company has launched products like 4WD,
Samrat, Sartaj, Dual Cab, Supreme-8 tonner,
Truck- Super 12, Super ALFD and many more.
Sumitomo raised its stake in the Company to
53.5% by buying entire equity holding of Punjab
Tractors Ltd. in the Company in January 2009.
Other prominent shareholders of the company
are private equity firms Actis (7.74%), CDC
(9.28%) and Reliance Capital (7.89%).
On technical viewpoint, stock currently seems to
be forming a shaven bottom pattern from the
lows of Rs 340. Moreover stock has already
completed its retracement arena and is well
poised for a new counter move towards Rs 400 in
upcoming sessions. It's RSI and other technical
SCRIP NAME TRIGGER PRICE TARGET 1 TARGET 2 STOP LOSS DURATION indicators also suggest some buying
opportunities in close proximity. Hence
investors are advised to BUY this stock for a price
SWARAJ MAZDA 350-355 400 420 330 1 Month
target of Rs 400-420 in one month.

4
 make more, for sure. FUNDAMENTAL PICKS

FUNDAMENTAL PICK
Mangalore Chemicals and Fertilizers Ltd Target Price: 51

Qtr & Yr Ended Q2FY11 Q2FY10 FY10 Mangalore Chemicals and Fertilizers Limited (MCF), part of the UB
Group with group shareholding of 30.44% is the manufacturer of both
nitrogenous and phosphatic fertilizers in the State of Karnataka. The
Company has capacity to manufacture 2,17,800 MT Ammonia, 3,79,500 MT
Urea, 2,55,500 MT Phosphatic, 15,330 MT Ammonium Bi-Carbonate and
33,000 MT Sulphuric Acid annually. The factory is situated on the banks of
the Gurpur River, in front of the New Mangalore Port and the plant is also
well connected, both by rail and road.
FINANCIALS: During FY05 to FY10 the Topline of the company grew by
CAGR of around 19%, Operating Profit and Net Profit of the company has
also grown by 25% and 20% respectively. In FY10 due to poor monsoon the
Net Sales of MCF came down by 16% to Rs 2075.65 crore over FY09,
Operating Profit also declined by 1.5% to Rs 130.61 crore while MCF has
managed to report more than 100% jump in Net Profit to Rs 56.49 over FY09.
In Q2FY11 the Net Sales of the company surged by 67.5%, Operating Profit
and PAT also grew by 58% & 127% respectively. The OPM & PATM of MCF
for the same period were 5.8% & 3.3% respectively.

INVESTMENT GROUNDS
Industry Outlook
India's agricultural sector is the foundation of the rural economy and all
socio-economic privileges and hardships always revolve around it, and any
change in its structure draws a corresponding impact on the existing
pattern of social equality. Fertilizer being the key efficiency booster in the
entire production process occupies a center stage in rural economy. It is so
significant that even the Indian National political scenario gets influenced
by any amendments in the Fertilizer Policy. In FY10 Due to poor monsoon
the fertilizer demand was slack down but now in FY11 the demand for both
Nitrogenous & Phosphatic fertilizers is increasing steadily and expected to
grow at a compounded annual rate of 5%. With the domestic production
almost stagnant and the demand supply gap widening, the supply deficit
has to be met from imports.
Nutrition Based Subsidy will add Volume Growth
To give the nourishment to Indian economy the government of India has also taken step to encourage the fertilizer sector in India and
has implemented a scheme of Nutrient Based Subsidy scheme (NBS) with effect from 1.4.2010 and also announced concession rates for
the year 2010-11 in advance, thereby facilitating import of higher quantities of Phosphatic and Potassic fertilizers. This move of the
Government indicates a step towards further reforms in the fertilizer sector. MCF has also entered into agreements with leading
suppliers of fertilizers abroad for import of DAP and MOP on a larger scale compared to last year.
Insured Gas Supply to improve the Margins
MCF is in process for receiving the gas supply to its Mangalore project and the work on the LNG terminal at Kochi is also progressing
well. GAIL has already entered into a MOU with Governments of Karnataka and Kerala for right of use for laying the pipeline from
Kochi to Mangalore. The gas pipeline connectivity to Mangalore is expected only by end of 2012. The Company is in final stage of
concluding gas supply agreement with IOC and gas transportation agreement with GAIL. Considering the importance of fertilizer for
ensuring food security in the country, Government of India has agreed to allocate gas on priority to fertilizer companies.
An Incredible Market Share in South India
MCF is the only manufacturer of fertilizers in the State of Karnataka. About 65% of the Company's products are sold in the State of
Karnataka, which meets about 25% of the needs of the farmers in the State. The Company has maintained a modest share of the market in
the neighboring States of Kerala, Tamilnadu, Andhra Pradesh and Maharashtra. MCF is also looking for diversifying into other
products that are synergistic with the existing operations. In addition, MCF has increased imports of DAP and specialty fertilizers and a
major thrust have been given to maximize trading operations and focus on the Integrated Nutrient Management business.

5
MARKET TUTORIALS make more, for sure.

Jargon of IPO and FPO

The juggling of stock market is always being surrounded by stocks traded

on the exchanges and IPO, FPO, primary or secondary markets are the
display places where we can find these stocks easily available. IPOs and
FPOs are the route by which the stocks are poured into the markets and if
we want to invest into that we should understand the different concepts
used while issuing the share thorough IPO and FPO.

IPO and FPO

Initial Public Offers (IPO) and Follow on Offers (FPO) are the part of the
primary markets and the difference between them is that in IPO is the
selling of securities to the public in the primary market. It is when an
unlisted company makes either a fresh issue of securities or an offer for
sale of its existing securities or both for the first time to the public. This
paves way for listing and trading of the issuer's securities. The sale of
securities can be either through book building or through normal public
issue. Whether FPO means an issuing of shares to investors by a public
company that is already listed on an exchange. An FPO is essentially a
stock issue of supplementary shares made by a company that is already publicly listed and has gone through the IPO process.

Draft Offer document

'Draft Offer document' means the offer document in draft stage. The draft offer documents are filed with SEBI, atleast 21 days prior to
the filing of the Offer Document with ROC/SEs. SEBI may specify changes, if any, in the draft Offer Document and the issuer or the lead
merchant banker shall carry out such changes in the draft offer document before filing the Offer Document with ROC/SEs. The Draft
Offer Document is available on the SEBI website for public comments for a period of 21 days from the filing of the Draft Offer Document
with SEBI.

Prospectus
A large number of new companies float public issues. While a large number of these companies are genuine, quite a few may want to
exploit the investors. Therefore, it is very important that an investor before applying for any issue identifies future potential of a
company. A part of the guidelines issued by SEBI (Securities and Exchange Board of India) is the disclosure of 23 information to the
public. This disclosure includes information like the reason for raising the money, the way money is proposed to be spent, the return
expected on the money etc. This information is in the form of 'Prospectus' which also includes information regarding the size of the
issue, the current status of the company, its equity capital, its current and past performance, the promoters, the project, cost of the
project, means of financing, product and capacity etc. It also contains lot of mandatory information regarding underwriting and
statutory compliances. This helps

Book Building Process or Normal Public Issue

Book Building is basically a process used in IPOs for efficient price discovery. It is a mechanism where, during the period for which the
IPO is open, bids are collected from investors at various prices, which are above or equal to the floor price. The offer price is determined
after the bid closing date. In case of Book Building, the demand can be known everyday as the book is being built. But in case of the
public issue the demand is known at the close of the issue. Price at which securities will be allotted is not known in case of offer of shares
through Book Building while in case of offer of shares through normal public issue, price is known in advance to investor. Under Book
Building, investors bid for shares at the floor price or above and after the closure of the book building process the price is determined for
allotment of shares.

Cut-Off Price
In a Book building issue, the issuer is required to indicate either the price band or a floor price in the prospectus. The actual discovered
issue price can be any price in the price band or any price above the floor price. This issue price is called “Cut-Off Price”. The issuer and
lead manager decides this after considering the book and the investors' appetite for the stock.

Issue Price
The price at which a company's shares are offered initially in the primary market is called as the Issue price. When they begin to be
traded, the market price may be above or below the issue price.

6
 make more, for sure. COMMODITY SECTION

GOLD AT THE FOOTHILLS OF A MARKET MANIA

The connotation of "foothills" is a perfect way of stating precisely where we are at in the
collapse of the US Dollar based global financial system and the return of the king, gold,
as money. It is perfect because while we are certainly seeing a movement towards a
mania, with gold hitting fresh all-time highs in US Dollar terms on almost a daily basis
throughout September and much of October, we are still far from reaching the top of the
mountain.
We have begun to enter into the mania stage but, we are still a long away from reaching
its peak. Here are arguments and proof for both statements. It should be pointed out,
however, that we don't necessarily see gold as being in a "typical bull market". What we
believe we are witnessing is the return to gold as money after decades of suppression.
However, we believe that the mania phase of this progression will transpire.
It is our belief that once we reach the new paradigm, it actually will be the new
paradigm. There will not be any denial nor "return to normal" because returning gold to
functioning as money is in itself a return to normal. That is not to say that certainly gold
will likely overshoot, by a great amount, its "true" value at the height of the collapse of
the US Dollar based global financial system in terms of its value in comparison to other
goods. And there will be a time when it will make sense to sell some or all of our your
gold in favor of other assets. But for our purposes lets use the following chart to try to
approximate where we currently are in the mania stage of gold.

For those that have been invested in this sector since 2004, we can recognize the period from 2004-2009 as being the awareness phase. And that brings us to
August of 2010, which began the very first baby-steps into the mania phase. We can see all the signs of it around us now. Gold is mentioned more and more in
the media and it has begun to start making all-time highs on a regular basis.
The dumb money, governments and central banks, are finally starting to catch on to what is happening. The central bank of Bangladesh bought 10 metric
tonnes of gold from the IMF last month. This is on top of 212 tons of gold the IMF sold last year to the Reserve Bank of India, the Bank of Mauritius, and the
central bank of Sri Lanka. And Saudi Arabia, Russia and the Philippines have recently announced big additions to their gold reserves. But how can we be sure
that we aren't very close to the peak in the precious metals market? Nothing is certain in life but there are numerous indications that we are still early on in the
mania phase.
As we can see, if we are near the top then this was one of the most disappointing bull markets in bubble history! In fact, just to match the gold & silver bull
market of the early 1980s gold would have to quadruple in price from here to $5,200 per ounce. And we think this bull market will be much stronger than the
1980 bull market.

Printed at Balajimediahouse@gmail.com, 9891098245, 9911419311

MANSUKH SECURITIES & FINANCE LTD. : NSE: INB/INF230781431, NSDL: IN-DP-NSDL-140-2000
MANSUKH COMMODITY FUTURES PVT. LTD : MEMBER NCDX-CO-04-00187& MCX: 10615(FMC:NCDEX/TCM/CORP/0293 & MCX/TCM/CORP/0740

Printed & Published on behalf of

Mansukh Securities & Finance Ltd.
Publication Address : Mansukh House, 6, Pandav Nagar, New Delhi-110092
Ph. : 011 - 30211800, 47617800, Fax : 011 - 30211835, E-mail : contact@moneysukh.com
Website : www.moneysukh.com

For any query, suggestion and feedback write to :

services@moneysukh.com
research@moneysukh.com
Disclaimer :This report is for informational purposes only and contains information, opinion, material obtained from reliable sources and every effort has been made to avoid errors and omissions
and is not to be construed as an advice or an offer to act on views expressed therein or an offer to buy and/or sell any securities or related financial instruments. Mansukh, its employees and its group
companies shall not be responsible and/or liable to anyone for any direct or consequential use of the contents thereof. Reproduction of the contents of this report in any form or by any means without
prior written permission of the Mansukh is prohibited. Please note that we and our affiliate, officers, directors and employees, including persons involved in the preparation of issuance of this
material may; (a) from time to time, have long or short positions in, and buy or sell the securities thereof, of company (ies) mentioned herein or (b) may trade in these securities in ways different from
those discussed in this report or (c) be engaged any other transaction involving such securities and earn brokerage or other compensation or act as a market maker in the financial instruments or the
company(ies) discussed herein or may perform or seek to perform investment banking services for such Company(ies) or act as advisor or lender / borrower to such Company(ies) or have other
potential conflict of interest with respect to any recommendation and related information and opinions. All disputes shall be subject to the exclusive jurisdiction of Delhi High Court.
Safe Harbor Statement : Some forward looking statements on projections, estimates, expectation, outlook etc are included in this update ot help investors / analysts get a better comprehension of
the Company's products and make informed investment decisions. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations,
tax regimes, economic developments within India and the countries within which the Company conducts its business exchange rate and interest rate movements, impact of competing products and
their pricing, product demand and supply constraints. Investors are advised to consult their certified financial advisor before making any investments to meet their financial goals.

7
AUXILIARY SECTION make more, for sure.

NIFTY- Q2FY11 Results Update

Companies Y-o-Y Y-o-Y Y-o-Y EPS Y-o-Y PATM Y-o-Y CMP Market
Net Sales Chng PBIDT Chng PAT Chng Rs Chng (%) Chng Rs P/E Cap.
Reliance Inds. 57479.0 22.7% 9396.0 30.2% 4923.0 27.8% 15.0 28.4% 8.21 0.32 1096 19.4 358588
ONGC 18193.6 20.6% 11321.8 26.1% 5388.8 5.9% 25.2 5.9% 29.17 -3.90 1303 17.6 278749
TCS 7267.5 26.5% 2158.6 29.1% 1812.7 34.5% 9.3 34.5% 24.94 1.48 1052 32.4 205861
Infosys Tech 6425.0 23.5% 2176.0 21.0% 1641.0 14.1% 28.6 14.1% 25.54 -2.11 2970 28.8 170465
NTPC 12989.3 20.5% 3871.9 5.1% 2107.4 -2.1% 2.6 -2.1% 15.79 -3.34 195 19.3 160745
ICICI Bank 6309.1 -5.2% 634.0 3.7% 1236.3 18.9% 10.7 15.0% 19.60 3.97 1162 30.5 133372
ITC 5061.2 16.3% 1874.9 17.9% 1246.7 23.5% 1.6 21.6% 24.22 1.30 171 29.3 131504
Larsen & Toubro 9260.8 17.7% 1005.7 20.0% 694.1 19.6% 11.5 16.2% 7.37 0.11 2022 35.9 122891
BHEL 8328.4 25.7% 1632.4 32.5% 1142.3 33.2% 23.3 33.2% 12.87 0.64 2446 25.0 119722
HDFC Bank 4810.0 20.5% 846.4 56.9% 912.1 32.7% 19.7 22.6% 18.96 1.74 2278 31.2 105386
Wipro 6556.9 11.9% 1362.9 -7.1% 1172.1 -4.9% 4.8 -5.2% 17.88 -3.16 420 21.7 102862
HDFC 2906.6 4.4% 2791.8 3.9% 807.5 21.6% 5.5 18.7% 27.78 3.93 687 32.4 100445
SAIL 10602.9 6.6% 1694.8 -29.0% 1090.0 -34.5% 2.6 -34.5% 9.16 -6.21 195 13.4 80522
Jindal Steel 2295.5 42.7% 856.0 51.9% 478.2 56.8% 5.1 837.5% 20.79 1.85 697 36.4 65086
Hind. Unilever 4680.9 10.7% 646.9 -0.8% 566.1 32.1% 2.6 32.0% 11.88 1.84 294 28.7 64176
Axis Bank 3624.3 26.7% 453.1 88.7% 735.1 38.3% 18.0 35.9% 20.28 1.70 1467 20.7 60040
Sterlite Inds. 2902.4 -19.7% 136.3 7.6% 400.9 91.3% 1.2 91.4% 13.79 8.00 169 42.7 56710
Maruti Suzuki 8937.1 26.8% 960.3 4.8% 598.2 5.0% 20.7 5.0% 5.87 -1.36 1551 18.6 44816
Bajaj Auto 4180.9 49.7% 897.2 41.0% 682.1 69.3% 11.8 -15.3% 14.86 1.61 1514 19.2 43804
Sun Pharma 512.2 8.0% 337.3 27.5% 345.7 70.3% 16.7 70.3% 42.78 12.21 2107 35.1 43646
Mah. & Mah. 5311.3 19.0% 895.0 7.7% 758.5 7.9% 13.3 3.4% 12.73 -1.26 732 18.9 43622
Power Grid 2126.6 25.0% 1785.8 25.3% 654.9 42.1% 1.6 42.1% 30.80 3.71 100 17.6 42194
PNB 6455.4 21.7% 1381.9 65.5% 1074.6 15.9% 34.1 15.9% 16.65 -0.83 1291 9.5 40690
Hero Honda 4511.3 11.7% 607.9 -18.3% 505.6 -15.3% 25.3 -15.3% 10.33 -3.47 1866 17.5 37258
Kotak Mah. 1014.7 30.9% 187.4 38.6% 194.7 54.6% 1.3 -26.9% 19.19 2.94 465 46.9 34088
Dr Reddy' 1278.3 19.1% 273.9 -7.3% 220.2 11.7% 13.0 11.4% 16.87 -0.52 1658 31.7 28054
Sesa Goa 803.8 79.3% 258.3 142.3% 353.0 153.7% 4.1 142.2% 43.34 12.49 322 9.4 27648
HCL Tech 1498.3 20.1% 278.3 -26.9% 194.9 -35.2% 2.9 -36.0% 13.01 -11.11 404 29.0 27578
JP Associates 2993.3 62.3% 759.0 45.9% 113.5 -87.0% 0.5 -87.1% 3.70 -42.37 120 14.8 25570
Ambuja Cement 1564.0 -2.9% 302.2 -34.5% 152.1 -52.2% 1.0 -52.3% 9.61 -9.78 140 17.1 21331
Source: ACE Equity Rs Crore

MIFM - A STRAIGHTFORWARD MOVE TOWARDS CAREER ENRICHMENT