................CMYK

WEDNESDAY • FEBRUARY 23, 2022

CHENNAI

₹�10 • Pages 12 • Volume 29 • Number 53 Bengaluru Chennai Coimbatore Hubballi Hyderabad Kochi Kolkata Madurai Malappuram Mangaluru Mumbai Noida Thiruvananthapuram Tiruchirapalli Tirupati Vijayawada Visakhapatnam Regd. TN/ARD/14/2012-2014, RNI No. 55320/94

................CMYK

CHENNAI

BusinessLineJ2 WEDNESDAY • FEBRUARY 23 • 2022

Ukraine crisis shells markets

OUR BUREAU

Mumbai, February 22

Fears  of  a  war  in  Europegripped  stock  and  commod­ity markets on Tuesday as theRussia­Ukraine  standoff�  es­calated  and  threats  of  sanc­tions  by  the  US  and  its  alliesloomed.  The  stock  marketwas aff�ected for the fi�fth con­secutive  day  and  crude  oilsurged to near $100 a barrel,its highest since 2014.

Russian President VladimirPutin  recognised  two  break­away  regions  in  easternUkraine — Luhansk and Don­etsk  —  as  republics  separatefrom  Ukraine  and  orderedtroops  to  the  regions,  invit­ing  threats  of  fresh  Westernsanctions.

Germany  halted  the  NordStream 2 gas pipeline projectdesigned  to  bring  Russiangas  to  the  country  and  Bri­tain  slapped  sanctions  onfi�ve Russian banks and threemen  close  to  Putin.  TheEuropean  Commission  andthe US were set to announcemore sanctions.

Investors’ hopesTracking  global  markets,  In­dian  bourses  opened  on  aweak note and saw a fall dur­ing  the  morning  sessionamid  across­the­boardselling. 

However,  indices  re­covered during closing hoursfrom  the  day’s  low  as  in­vestors  held  on  to  the  hopethat Moscow will not go bey­ond deployment of troops to

the two breakaway regions ineastern Ukraine.

Aishvarya  Dadheech,  FundManager,  Ambit  Asset  Man­agement, said, “The geopolit­ical  risk  of  the  Ukraine­Rus­sian  standoff�  is  adverselyimpacting the global market,and  India  is  no  exception.Both Russian indices and cur­rency  have  witnessed  thebiggest fall since 2008. In theIndian  context,  investorswere concerned about eventslike  State  election  outcomesand central banks raising in­terest rates, and now a thirddimension has been added.” 

The  BSE  Sensex  closed  at57,300.68, down 382.91 pointsor 0.66 per cent. The Nifty 50,which  slipped  below  the17,000­mark,  closed  at17,092.20, down 114.45 pointsor  0.67  per  cent.  The  marketbreadth  had  a  decline  bias,with  2,667  stocks  decliningon  the  BSE  against  689  thatadvanced while 85 remainedunchanged. 

The  volatility  index  rose16.41 per cent to 26.66. All sec­toral  indices  closed  in  thered.

Parth  Nyati,  Founder,Tradingo, said: “We are in themonthly  F&O  expiry  week,therefore, we can could see asurge  in  volatility  whereasMarch  is  going  to  be  a  veryvolatile month due to lots ofevents  like  geopolitical  un­certainty, results of state elec­tions,  US  Fed  meeting,  etc.The  overall  trend  is  bullishbut we may have high volatil­

ity over the next month.” The  rupee  also  ended  29

paise  weaker  as  banks  pur­chased  dollars  on  behalf  ofoil  marketing  companiesand escalating  tensionbetween  Russia  and  Ukrainesent  Brent  crude  oil  soaringto almost $100 a barrel. 

Money market actionThe  rupee  closed  at  74.84  tothe  dollar  against  the  previ­ous close of 74.55.

Government  securities  (G­Sec)  prices  declined  sharplyas  the  government  decidedto  go  ahead  with  the  sched­uled  ₹�23,000  crore  weeklyauction.  The  price  of  thenewly­issued  10­year  G­Sec(coupon  rate:  6.54  per  cent)closed  about  40  paise  downat  ₹�98.5025  (previous  close:98.90). 

The  yield  of  this  paperclosed at 6.7486 per cent, upabout  6  basis  points  vis-a-vis

the previous close (6.6925 percent).  Meanwhile,  Bank  ofAmerica Global Research saidthe  Ukraine  crisis  could  res­ult  in  a  $5­20  increase  de­pending  on  the  severity  ofthe  situation.  Finance  Minis­ter  Nirmala  Sitharaman  toldthe  media  here  that  theskyrocketing crude oil pricesare  a  “challenge  to  fi�nancialstability in India”.

As of 9 pm, Brent crude oilruled  at  $97.80,  while  WTIcrude oil was at $94.05.

Exports from Russia, UkraineThe rise in crude oil resultedin prices of palm oil, naturalgas,  soyabean,  wheat,  corn,aluminium,  sugar,  nickel,zinc,  tin  going  up.  Palm  oilgained  as  Indonesia  is  usingit for biodiesel with oil pricesurging.

Natural  gas  futures  werehigh  as  German  ChancellorOlaf  Scholz  suspended  the

certifi�cation  process  for  theNord  Stream  2  pipeline.Prices  of  food  crops  such  aswheat, corn and soyabean in­creased on fears that exportsfrom  Ukraine  and  Russiawould be halted.

Natural  gas  futures  wereup at $4.54 per MMBtu, whilecoal,  an  alternative  energyfuel,  gained  1.13  per  cent  at$236.50  on  the  Intercontin­ental  Exchange.  Wheat  fu­tures were up over 2 per centat  $8.11  per  bushel,  corngained 1.37 per cent at $6.64 abushel and soyabean rose 1.83per cent at $16.27 a bushel.

Base metals, too, surged, asRussia is a major producer ofaluminium and nickel. 

Aluminium  was  up  $114  atonne  on  the  London  MetalExchange  at  $3,394  a  tonneand nickel surged by $262 to$24,871 a tonne.

(With inputs from agencies)Also read p8, 10

Sensex falls 383 pts; rupee ends 29 paise

weaker; crude oil hovers around $97.80

................CMYK

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

WEDNESDAY • FEBRUARY 23, 2022

CHENNAI

₹�10 • Pages 12 • Volume 29 • Number 53

RISING AGRI SHIPMENTS

Export of APEDA-promoteditems at 7-month high in DecNew Delhi, February 22

Export of products promoted by

the Agricultural and Processed

Food Products Export

Development Authority (APEDA)

in December hit the highest in a

month this fiscal. The value of

shipments increased 37 per

cent in December to a

seven-month high ($2.44

billion). With the escalation of

Ukraine tension, a spike in

global commodity prices may

help APEDA achieve its target of

$23.7 billion for the full fiscal.

Exports of APEDA-promoted

major agriculture and

processed products hit $17.47

billion Apr-Dec 2021, up 23.83

per cent over last year’s figures,

show data. p8

DIGITAL ASSETS

Review 30% tax, 1% TDS:Crypto bourses to FinMinMumbai, February 22

Cryptocurrency exchanges have

requested the Finance Ministry

to review the 30 per cent flat

rate of tax and wanted it to be

according to the tax slab of the

investor. According to sources,

the crypto industry has sent a

representation to the Finance

Ministry on the Budget

proposals and is hoping to meet

officials for further consultation.

The industry has also sought

clarification on issues such as

whether the TDS has to be paid

by the individuals or whether

the exchanges can deduct and

deposit it on their behalf.

Finance Minister Nirmala

Sitharaman had proposed a

taxation scheme of virtual

digital assets in the Budget. p9

QUICKLY

FINANCIAL IRREGULARITIES

BharatPe terminates services of

Madhuri Jain, group head of controls

and wife of Ashneer Grover p2

UNUSED VACCINES

About 1,41,622 Covishield doses pile up 

at 47 private hospitals in Pune, with 

most expiring by next month p10

‘STILL UNCLEAR’

Tesla hasn’t shared any proposal to

be part of the PLI scheme for the

auto industry, says govt official p9

S RONENDRA SINGH

New Delhi, February 22

The  two­decade­long  goal  ofmanufacturing semiconduct­ors  in  India  is  fi�nally  beingrealised with the governmentfast­tracking  the  develop­ment of an ecosystem for themultiple­use product.

“The  government  hasmoved  very  fast  and  has  acomprehensive,  long­term  plan.  What  theindustry  too  appreci­ates  is  that  we  havegiven  a  20­yearcommitment.We  are  theonly  countrythat  has  com­mitted  to  cre­ate 85,000 semiconductor en­gineers  in  our  top­classinstitutes,”  Ashwini  Vaish­naw,  Minister  of  Railways,Communications  and  Elec­tronics and Information Tech­nology,  told  BusinessLine inan interview.

He  underlined  the  detail­ing India has done, includingnurturing and developing tal­ent and trained professionalsas part of the long­term plan.

“We  are  on  the  verge  ofcompleting  discussions  withthe All India Council for Tech­nical  Education  (AICTE)where we are fi�nalising a cur­riculum  in  BTech/MTech  pro­grammes, what would be theskill  required  down  to  thetechnician  level,  what  would

be  the  PhD  programmes  wehave to go for ultra­advanceddesign  processes,”  Vaishnawsaid.

He  added  that  the  Centrehas factored in all the fi�ve ele­ments  of  a  semiconductorecosystem  —  silicon  fab,  dis­play fab, compound semicon­ductors, semiconductor pack­aging  and  design  —  all  ofwhich will be made in India.

Recently,  the  governmentreceived  fi�ve  applications  forsemiconductor  and  displayfabs involving ₹�1,53,750­croreinvestments from companieslike Vedanta in a joint venture

with  Foxconn,  IGSS  Ven­tures and ISMC. 

“Global  players  are  im­pressed with India’s atten­tion  to  detail,  seriousness

and  commit­ment.  The  ques­tion  is  how  fast

we  close  thefi�rst  set  of  ap­

plications we have received ...we  are  working  with  a  laser­sharp focus on that,” he said.

Data Protection BillOn  the  Personal  Data  Protec­tion  Bill,  Vaishnaw  said  cer­tain  issues  have  to  be  ex­amined  in  context.  Onexemptions  granted  to  thegovernment,  he  said  the  do­mestic  law  provides  formerely  four  points  while  theinternational  precedent  goesup to eight.

“The  scope  for  exemptionsis wider in the global context.I would  urge  the  think  tanksand  civil  society  organisa­tions to take this into consid­eration,” he said.

Interview p3

Electronics Minister

Ashwini Vaishnaw

says govt working

with laser focus

Ashwini Vaishnaw

‘Fast-tracking creation ofsemiconductor ecosystem’

OUR BUREAU

Mumbai, February 22

The  government  will  goahead with the Life InsuranceCorporation of India (LIC) IPOdespite  the  market  volatility.“The  LIC  IPO  has  been  veryeagerly  waited.  We  are  oncourse and moving forward,”said Finance Minister NirmalaSitharaman.

Addressing  a  press  confer­ence  in  Mumbai  on  Tuesday,she  noted  that  the  draft  redherring prospectus is out andhas created a  lot of “buzz”  inthe  market.  “...  we  will  goahead with it. A DRHP is not is­sued  two  years  in  advance,”she said when asked if the IPOwill happen this fi�scal year. 

On  the  NSE  scam,  Sithara­man  said  she  is  studying  thelapses at the bourse and by its

former  chief  ChitraRamkrishna  but  declined  tocomment further.

“Although  you  would  per­ceive  that  charges  involvingthe NSE matter are well­estab­lished,  I  do  not  want  to  pre­empt  the  matter.  I  am  goingthrough  the  details  and  willcome back after that,” she saidto  another  question,  addingthat the Finance Ministry willbrief the press then.

Eye on Ukraine crisisOn the rising tension betweenRussia and Ukraine, the Minis­ter  said  the  government  iskeeping a close watch on thedevelopments  as  also  oncrude  oil  prices.  She  addedthat there was no need for ex­traordinary  measures  as  ofnow.

The Minister attributed thecurrent market volatility alsoto global  issues. “The govern­ment  is  keeping  a  tab  onglobal  developments,”  shesaid. 

The  Financial  Stability  De­velopment  Council,  whichalso met on Tuesday, looked atpossible challenges for fi�nan­cial  stability.  “Crude  was  oneof the things. The worrisomeinternational  situation,

where we have voiced a diplo­matic  solution  for  the  situ­ation  in  Ukraine  ...  all  theseare headwinds,” she said.

Sitharaman said a new SEBIchief  is  yet  to  be  shortlisted.“The process of calling for ap­plications  has  alreadyhappened  ...  shortlisitngprobably is yet to happen. Youwill have to wait till February28 to know what we will do onit,” she said. The governmentis also keen to appoint a newIRDAI chief soon.

Earlier in the day, the Minis­ter  chaired  a  post­Budgetmeeting with heads of banks,NBFCs  and  fi�nancial  institu­tions.  “Underscoring  the  im­portance of information shar­ing  and  collaboration,  sheurged all banks to sign up tothe  Account  Aggregatormodel  that  would  facilitateseamless  fl�ow  of  credit  forsmall borrowers and promotedigital lending.”

Going through details of the NSE scam,

says Nirmala Sitharaman 

Nirmala Sitharaman

Will go ahead with LIC IPOdespite market volatility: FM

KV KURMANATH

Hyderabad, February 22

The tree that cures is fi�ghtingfor its life. Neem, renowned forits anti­viral, anti­bacterial andanti­infl�ammatory  properties,is  facing  a  virulent  fungal  at­tack that is spreading rapidly.

Observed  in  the  Gadwal  re­gion  of  Telangana  a  fewmonths  ago,  the  ‘dieback  dis­ease’, as the fungal infection isbeing  called,  has  spread  rap­idly,  infecting  thousands  ofneem trees across the State.

Bitter time The  disease  changes  the  leafcolour to pale green or yellow,scorches the leaf margins andreduces  the  growth  of  twigsand stem. Though there is noestimate  of  yields,  neem  ex­tract is widely used in remedialformulations.

“Our scientists have isolated

11  pathogens  that  are  causingthe  problem.  We  are  not  ad­vising any application or sprayof chemical pesticides consid­ering  the  size  of  the  trees,”  RJagadeeshwar,  Director  of  Re­search at Prof. Jayashankar Tel­angana State Agricultural Uni­versity, told BusinessLine.

“If you spray chemical pesti­cides on big trees, there is everypossibility of polluting the soilaround.  It  can  adversely  im­pact other plants,” he said.

Jitta  Bal  Reddy,  a  farmer  ofBhuvanagiri  district,  said  thedisease  had  aff�ected  10  neemtrees on his farm. “The diseaseleads to the death of the tree,”he said. He had tried alternat­ives  including  homoeopathyand  says  it  is  helping.  But

Jagadeeshwar  says  the  use  ofhomoeopathic  medicines  hasnot been tested.

With  thousands  of  neemtrees threatened by the diseaseoutbreak,  the  PJTSAU  hasdeputed  a  team  to  study  theproblem.  G  Uma  Devi,  Head,Department  of  Plant  Patho­logy,  has  prepared  a  detailednote on the problem.

“The disease is spreading atan  alarming  rate  in  diff�erentparts of India. ‘Dieback’ refersto  the  progressive  death  oftwigs and branches which gen­erally  starts  at  the  tips,”  thenote  said.  Though  fi�rst  repor­ted  in  India  in  Dehradun  in1992, the incidence of diebackdisease is said to be very highthis year.

Jagadeeshwar,  however,  isconfi�dent that neem trees canfi�ght back with their inherentstrengths.  “As  Ugadi  (TeluguNew Year Day) approaches, wecan  expect  the  trees  to  shrugoff�  the  problem  and  fl�ourishagain,” he said. 

The disease changes the leaf colour to pale green or yellow,

scorches leaf margins and reduces the growth of twigs and stem

Neem, the great healer, battling for life Scientists hope its medicinal properties

can fi�ght the ‘dieback disease’ 

Regd. TN/ARD/14/2012-2014, RNI No. 55320/94

................CMYK

CHENNAI

2 BusinessLine WEDNESDAY • FEBRUARY 23 • 2022NEWS

BusinessLineDisclaimer: Readers are requested to verify& make  appropriate  enquiries  to  satisfythemselves  about  the  veracity  of  anadvertisement  before  responding  to  anypublished  in  this  newspaper.  THGPUBLISHING  PVT  LTD.,  the  Publisher  &Owner of this newspaper, does not vouchfor the authenticity of any advertisementor advertiser or for any of the advertiser’sproducts and/or services.  In no event canthe  Owner,  Publisher,  Printer,  Editor,Director/s,  Employees  of  thisnewspaper/company  be  heldresponsible/liable  in  any  mannerwhatsoever for any claims and/or damagesfor advertisements in this newspaper.

SURESH IYENGAR

Mumbai, February 22

The Ministry of Corporate Af­fairs  has  asked  the  SeriousFraud  Investigation  Offi�ce(SFIO)  to  investigate  AmtekAuto’s books and its dealingswith its group companies.

The  Ministry’s  decisionwas  conveyed  to  NCLTChandigarh demanding thatthe  former  promoters  ofAmtek  Auto  return  ₹�2,320crore  siphoned  off�  from  thecompany. The MCA’s petitionto  the  NCLT  comes  up  forhearing on February 23.

Funds divertedThe  MCA  said  the  amountwas allegedly diverted by theformer  promoters  to  per­sonal entities by way of loanssecured  through  various

banks.  The  investigations  bySFIO is also likely to examineif  there  were  short­comingsin  implementing  the  fi�nd­ings of E&Y’s forensic audit.

In September last year, theMCA  has  approached  theMumbai  Bench  of  the  NCLTagainst  the  promoters  andother  former  directors  ofMetalyst  Forgings,  a  listedsubsidiary  of  Amtek  Auto,seeking an order to attach as­sets and disgorge the moneyof  Metalyst  Forgings  fromthe  promoter  Arvind  Dham,Chief  Financial  Offi�cer  ArunKumar  Maiti  and  SanjivBasin among others after dis­covering  questionable  fi�nan­cial  transactions  for  ₹�3,454crore. 

Of  this,  there  were  ques­tionable  deals  worth  ₹�2,320crore, said sources.

Interestingly, the same res­olution  professional  was  ap­pointed  to  resolve  all  three

companies  led  by  the  fl�ag­ship company — Amtek Auto,Castex  Technologies  andMetalyst Forgings. 

Defaulted on paymentsAmtek  Auto  was  one  thelargest  auto  componentplayers  of  India  with  a  largenational  and  global  footprint  which  supplied  ma­chines  forgings  and  castingsto automotive OEMs. Besidesthe  fl�agshig  Amtek  Auto,  thegroup  companies  CastexTechnologies  and  Metalyst

Forgings  had  borrowed₹�7,500  crore  and  ₹�3,500crore  while  other  groupcompanies  had  borrowedover ₹�2,000 crore. 

In  all,  Amtek  Group  com­panies  borrowed  over₹�25,000  crore  and  defaultedon  payments  to  banks.  Theywere  taken  for  insolvencyproceedings  and  lenders  ap­pointed the same ResolutionProfessional  to  resolve  allthree companies.

Revival planLast  November,  lenders  ap­proved a revival plan submit­ted  by  the  US­based  hedgefund  Deccan  Value  Investorsfor about ₹�2,700 crore. 

The  Amtek  Group  owesmore  than  ₹�13,000  crore  tolenders  and  was  among  the12  debt­laden  companies  ini­tially  taken  to  the  NCLT  asper  Reserve  Bank  of  India’sdirection in 2017.

Tribunal to hear

the case today

MCA moves NCLT to recover₹�2,320 crore from Amtek Auto 

YATTI SONI

Bengaluru, February 22

MediBuddy,  an  end­to­end  di­gital healthcare platform, hasraised $125 million in Series Cfunding from Quadria Capitaland  Lightrock  India  alongwith  participation  of  Besse­mer  Venture  Partners,  IndiaLife  Sciences  Fund  III,Rebright Partners, JAFCO Asia,TEAMFund  LP,  FinSight  Ven­tures,  InnoVen  Capital,  StrideVentures, and Alteria Capital. 

Speaking  to  BusinessLine,Satish  Kannan,  Co­founder,and CEO, MediBuddy, said thatthe  company  will  invest  thefunds towards three broad fo­cus  areas.  First,  is  to  increasecustomer  awareness  andreach  of  MediBuddy.  “Wewanted  to  grow  deep  intosmaller  towns  and  hence,  wehave also onboarded AmitabhBachchan  as  our  brand  am­bassador  because  he  has  a

strong  fan  base.  Second,  wewill  continue  to  keep  scalingand grow our team. Currently,our  focus  is  on  hiring  acrosstechnology  and  engineering.Over  the  next  two  years,  wewill roughly double our teamstrength  from  1,500  to  about3,000. Third, we will invest intechnology  and  product  de­velopment,” he added.

MediBuddy  off�ers  24x7  ac­cess to doctors via video calls,doorstep  medicine  delivery,at­home  lab  tests,  mentalhealth support, and other in­tegrated  healthcare  services.It claims to serve 35,000+ pa­tients  daily  which  it  plans  toincrease to 1 lakh patients. 

Will deploy the

proceeds in three

broad focus areas

: GETTY IMAGES 

MediBuddy garners$125 million in Series C 

OUR BUREAU

Bengaluru, February 22

GraphQL  innovation  leade­r Hasura has raised $100 mil­lion  in  a  funding  round  ledby Greenoaks along with par­ticipation  of  Nexus  VenturePartners, Lightspeed VenturePartners and Vertex Ventures. 

The  Series  C  round  bringsthe  total  capital  raised  byHasura  to  $136.5  million  andthe company’s valuation to $1billion.  Hasura  plans  to  usethe  funding  to  accelerate  re­search and development andexpand globally for the com­pany’s  GraphQL  Engine.  Has­ura  claims  to  have  beendownloaded  more  than  400million times and has earnedmore  than25,000 GitHub stars since itsintroduction in 2018.

Hasura  is  designed  tomake  web  application  devel­

opment faster by eliminatingbottlenecks to data access forfrontend  and  fullstack  de­velopers. 

Data accessThe  platform  cuts  down  thetime  and  niche  expertise  re­quired to build GraphQL APIsfor  data  access  by  automat­ing  the  repetitive  work  in­volved in mapping models toAPIs  with  common  accesspatterns  like  pagination,  fi�l­tering, joining, setting up au­thorisation rules, and optim­ising performance.

With  operational  data  in­creasingly  distributedamong multiple sources anddevelopers  consuming  datain  insecure  and  unauthor­ised  compute  environments,Hasura  provides  data  APIsthat  are  able  to  connect  tomultiple  services  and  datasources,  embed  domain­spe­cifi�c authorisation logic, andprovide  the  necessary  secur­ity  and  performance/concurrency.

To use funds to

accelerate R&D,

expand globally

Hasura raises $100­million at $1­billion valuation

OUR BUREAU

Mumbai, February 22

Jalan  Kalrock  consortium,new  promoters  of  Jet  Air­ways, on Tuesday announcedthe  appointment  of  VipulaGunatilleka  as  Chief  Finan­cial Offi�cer. 

Gunatilleka  will  join  theairline from March 1.

Gunatilleka  was  the  CEOof  SriLankan  Airlines  untilJanuary  and  had  the  mostdaunting task of leading thecarrier  during  the  pan­demic. In less than two yearsof  his  assuming  charge,  theairline  recorded  positiveEBITDA/cash  fl�ow  for  2019­20. 

Prior  to  joining  SriLankanAirlines, Gunatilleka was theCFO  and  Board  Member  ofTAAG  Angola  Airlines  whereplayed a pivotal role in turn­ing  around  the  loss­makingnational carrier of Angola.

Vipula Gunatilleka appointed CFO of Jet Airways

AJ VINAYAK

Mangaluru, February 22

We know now the most expens­ive  player  in  the  recently  con­cluded  mega  IPL  (IndianPremier  League)  auction andwho  remained  unsold.  Of  the600 players listed for auctions,204 were bought by 10 teams inthe auctionin the price range of₹�20 lakh to ₹�15.25 crore.

However, many fans were un­happy over the team manage­ment as some of their favouritecricketers,  including  SureshRaina,  Steve  Smith  and  AdamZampa, remained unsold in theauctions.

Interestingly, the percentageof  unsold  players  was  min­imum in the auctions of 2022compared to previous auctionsconducted since 2014.

While 70 per cent remainedunsold in the auctions of 2014and  2018,  the  unsold  players’share  stood  at  66  per  cent  in2022. A maximum of 83 per centof players remained unsold inthe 2019 auction.

Base price ₹�2 croreRaina,  Smith  and  Zampa  hadset their base price at ₹�2 crorewhile  opting  for  the  auctions.In  fact,  the  number  of  unsoldplayers  at  a  base  price  of  ₹�2crore crossed double­digits thisyear.  For  the  fi�rst  time  since2014, there was no takers for 12players with a base price of ₹�2crore in 2022.

Usually,  experienced  starplayers  prefer  to  place  them­selves at a base price of ₹�2 crore.(IPL  has  been  conducting  auc­tions in rupees since 2014. Tillthen,  it  was  conducting  auc­tions in dollars.)

Minimum base priceAs expected, a major chunk ofplayers remained unsold at theminimum  base  price  of  ₹�10lakh to ₹�20 lakh. Players with a

base price of ₹�20 lakh crossed200 during the mega auctionsof  2022  (261  players)  and  2018(240 players), and the numberwith  a  base  price  of  ₹�10  lakhtouched a maximum of 183 in2015. The minimum base pricewas ₹�10 lakh by 2017. It was in­creased to ₹�20 lakh in 2018.

The next major chunk of un­sold  players  was  registered  atbase prices of ₹�50 lakh and ₹�30lakh. In the auctions conductedbetween  2014  and  2022,  onlyone player with a base price of₹�25  lakh  remained  unsold  in2018. That base price does notexist now.

All­roundersOf  the  nine  auctions  analysedhere, the share of all­roundersto  the  total  players  unsold  re­mained high in eight auctions.In 2014, more bowlers than all­rounders  remained  unsold.  Amaximum  of  156  all­rounderswere unsold in 2018 and a min­imum of 68 in 2014.

Bowlers form the second ma­jor group of unsold players. Asmany  as  145  bowlers  each  re­mained unsold in the two megaauctions of 2014 and 2018, and137 in the 2022 mega auction.

None  of  the  wicket­keepersremained  unsold  at  ₹�2  crorebase  price,  though  a  majorchunk  of  them  remained  un­sold at the minimum base priceof ₹�20 lakh.

A majority  of  batsmen  re­mained unsold at ₹�30 lakh baseprice along with the minimumbase  prices  of  the  respectiveauctions.

Funds remainingTeam managements pick a ma­jority of their players in the auc­tion process. With the power tospend a certain amount on theplayers,  the  managementscome with strategies to buy theplayers  of  their  choice.  Some­times they succeed, and some­times  they  do  not.  In  the  bid­ding  process,  some  teams

spend the entire amount alloc­ated to them, and some go backwith still money in their purse.

In  fact,  the  three  mega  auc­tions of 2014, 2018 and 2022 sawat least one team spending theentire amount in their purse. In2014,  Royal  Challengers  Ban­galore  and  Delhi  Daredevilsspent  the  entire  amount  intheir  wallet,  Kolkata  KnightRiders  went  back  home  withzero  amount  in  its  purse.  In2022,  Lucknow  Super  Giantsspent  the  entire  money  in  its

purse.  The  minimum  amountremaining in the purse was ₹�10lakh in these auctions, and themaximum amount was ₹�18.80crore (Punjab Kings in 2021).

In  the  last  nine  auctions,  amaximum  amount  of  ₹�16.25crore was invested by a team ona single player (Chris Morris in2021).  Teams  were  able  to  getsome players at the minimumbase price also. However, the av­erage  investment  per  playerhas gone up from ₹�1.70 crore in2014 to ₹�2.70 crore in 2022.

Percentage of unsold players least in 2022

compared with previous auctions since 2014

IPL: The hot buys, the also-rans and the tale that the numbers tell

DATA FOCUS

OUR BUREAU

Mumbai, February 22

Private equity major WarburgPincus will invest $210 million(₹�1,500  crore)  for  a  minoritystake  in  Micro  Life  SciencesPrivate Limited, the parent or­ganisation  of  Meril  group  ofcompanies.

Fast growingFounded by the Bilakhia fam­ily, Meril is a fast­growing med­ical  devices  company  thatdesigns,  manufactures  anddistributes  clinically  relevantand medical devices, WarburgPincus said in the statement.

Diversifi�ed sectorsMicro Life Sciences was estab­lished  in  2006  in  Vapi  in  Gu­jarat as part of Bilakhia Hold­ings  Pvt,  part  of  the  BilakhiaGroup which is present in di­versifi�ed sectors including keyareas  of  education,  life  sci­ences  and  medicaltechnology. 

Warburg Pincus to invest $210 min medical devicescompany Meril

G BALACHANDAR

Chennai, February 22

Coimbatore headquartered,

₹�1,924­crore Elgi Equipments,

one of the largest manufacturers

of air compressors, expects

better growth in international

markets in coming months,

while the Indian

market is expected to

present incremental

growth. The company

had set a revenue

target of $400 million to be

achieved by FY26. Despite

disruption caused by the

pandemic, it is optimistic about

realising its objectives. Jairam

Varadaraj, Managing Director of

the company, spoke to

BusinessLine about market

recovery, growing opportunities

in international business and the

company’s strategic business

plan. Excerpts:

Have your businesses

returned to normalcy in all

markets?

I think we hit normalcy quite awhile  ago.  From  the  secondquarter  of  last  year,  we  haveconsistently  grown  eventhrough  the  second  wave  of

April, May, June of 2021.Of  course,  there  was  abit of a pause similar to2020. 

But  even  during  thepause,  we  were  able  to  com­pensate a bit with supplies foroxygen  generators. Our  per­formance  is  far  better  than2019­20,  which  was  the  fullyear. So, operations wise we arerunning at full steam. Sales arehappening  not  just  in  India,but across the world. 

For  me,  this  is  more  thannormal and sometimes I won­der why it is so. There is no lo­

gical  explanation  of  what’sdriving  the  economies  in  dif­ferent parts of the world. 

Sectorally  if  you  look,  theChina Plus One strategy  is be­nefi�tting  certain  segments  ofthe textile industry. But overall,we  are  seeing  a  good  resur­gence  of  demand  across  allareas.

Given the disruptions caused

by the pandemic, are there

changes in your priorities or

growth plans?

We  made  a  strategic  businessplan in the middle of the pan­demic  with  a  certain  conser­vativeness.  And  we  said  everyyear  we  will  revisit  that  plan,which  we  have.  We  are  a  lotmore  optimistic  about  thatplan than when we made it. Weare continuing to drive in thesame  direction,  maybe  a  littlebit more optimistic.

What makes you more

optimistic now? Do you see

better visibility for growth?

I still  have  question  marksaround the growth of the eco­nomy  but  I  am  quite  optim­istic about our internal abilityto  capitalise  on  opportunitiesbecause  we  have  establishedourselves in some key markets.

I’m  optimistic  about  the  waythose initiatives have deliveredthe numbers.  In future, we willnot  do  anything  signifi�cantlydiff�erent as it’s taken us almost10 years to assemble and installvarious  market  mechanisms.Now, it is a matter of consistentand qualitative execution. 

Which markets are expected

to do well in the near term?

In the near term, Australia willcome back because it is well en­dowed with natural resources,which  are  in  demand  world­wide.  SE  Asia  will  come  backstrongly. 

If  China  plus  one  strategypercolates across a lot more in­dustries  than  just  textiles,there  could  be  a  huge  impactcombined  with  PLI  schemes.Then there could be sustainedbuoyancy  of  the  Indian  mar­ket. We expect Europe and theUS to be quite strong for us.

What is your strategy to

grow in Europe? Will you

look at the inorganic route?

In Europe, we have taken an or­ganic growth path as opposedto  an  inorganic  strategy  andwe continue to follow that planfor the next couple of years. 

We have so far made fi�ve ac­quisitions  and  two  types  ofdeals.  The  acquisition  of  thedistribution  companies  hasproved to be successful for us,while the purchase of a manu­facturing  company  with  ourown brand name was not a suc­cessful  strategy  and  we  don’twant to do that anymore. 

In  America,  we  acquired  adistribution  company  and  de­cided  to  grow  it  organically.The velocity of growth may notbe as high as inorganic, but it’scertainly a lot less risky and lessexpensive. Thus, we are puttingtogether  an  organic  growthplan in Europe. Once we reacha certain maturity, we will lookat  inorganic  as  a  supplementto that.

Elgi lot more optimistic about strategic growth objectives 

O

ZY

I still have question marks

around the growth of the

economy, but I am

optimistic about our

ability to capitalise on

opportunities.

JAIRAM  VARADARAJMD,  Elgi  Equipments

YZ

MD Jairam Varadaraj speaks on market

recovery and business expansion plans

OUR BUREAU

New Delhi, February 22

Hero  MotoCorp  and  BharatPetroleum Corporation Lim­ited  (BPCL)  on  Tuesday  saidthey have collaborated to setup  charging  infrastructurefor  electric  two­wheelersacross the country. 

This will be part of BharatPetroleum’s  focus  on  newbusiness  segments  for  sus­tainable  growth.  BPCL hadannounced  in  Septemberlast year that it is converting7,000  conventional  retailoutlets into ‘energy stations’providing  multiple  fuellingoptions,  which  will  includeEV charging facility.

The  two  entities  will  fi�rstestablish  substantial  char­ging  infrastructure  at  exist­

ing  energy  stations  andbroaden the collaboration todevelop  more  synergieswithin the EV ecosystem andadjacent  business  verticals,Hero  MotoCorp  said  in  astatement. 

In  the  fi�rst  phase,  char­ging  stations  will  be  set  upacross  nine  cities  startingwith  Delhi  and  Bengaluru,and the network will be thenexpanded  across  thecountry. 

Stations to be set

up across 9 cities

Hero MotoCorp, BPCL to set up charging infra

OUR BUREAU

Bengaluru, February 22

BharatPe  has  terminatedMadhuri  Jain,  who  was  thegroup head of controls at Bhar­atPe  and  the  wife  of  companyco­founder  and  MD  AshneerGrover, according to a companysource, who spoke to Business-

Line on condition of anonymity.The source said Jain was ter­

minated from BharatPe follow­ing  fi�nancial  irregularities.  Asper the employee contract, thetermination  of  an  employeealso results in them losing theequity in the company. 

Jain  was  recently  named  inthe preliminary report by inter­national  consulting  fi�rm  Al­varez and Marsal (A&M) as dir­ectly connected to the fi�nancialdiscrepancies at BharatPe. How­ever,  BharatPe  had  earlierdenied receiving any interim orfi�nal release of the independent

review  done  by  A&M..  Thefi�ntech fi�rm was said to be pay­ing recruitment fees to a num­ber of ‘consultants’ for the em­ployees  recruited  throughthem  when  Jain  was  headingcontrols. In fi�ve such cases, em­ployees  have  confi�rmed  theirjoining  date  as  the  one  men­tioned in the vendor invoice butthey had no knowledge of beingrecruited  or  engaged  throughthe  said  ‘consultants.’  In  threeout  of  those  fi�ve  instances,Madhuri  Jain  Grover  is  said  to

have  directly  received  the  in­voices from the vendors and for­warded  them  to  the  accountsteam for payment, according tothe report. 

Seeking a settlementFurther, according to a report ina fi�nancial daily, Grover has al­legedly fi�led an arbitration pleain  the  Singapore  InternationalArbitration  Centre  (SIAC).Grover  apparently  has  soughtexemption  from  any  futurelegal  liabilities  in  the  ongoingsettlement  discussions  withBharatPe.  He  is  reportedly  sig­nalling  an  intent  for  a  settle­ment  with  the  board  afterweeks  of  public  spat  betweenthe two parties. 

Both  Ashneer  Grover  andBharatpe  did  respond  to  Busi-

nessLine queries  on  the  issue.Madhuri Jain, too, could not bereached for comments. 

Ashneer Grover, MD and

Co­Founder, BharatPe 

BharatPe terminates Madhuri Jain;Grover fi�les arbitration plea in SIAC

YATTI SONI

Bengaluru, February 22

Edtech  platform  Lido  Learninghas downsized its staff� strengthto 300, as compared with 1,000in  March  2021,  according  tosources. The move comes on theheels  of  rising  concerns  overpending  payments  from  bothcustomers and employees, evenas  there  is  speculation  that  thecompany  might  be  acquiredshortly. 

A source aware of the develop­ment, told BusinessLine on con­dition  of  anonymity,  that  LidoLearning has fi�nalised an acquisi­tion  deal  and  employee  layoff�shave been done as a part of thatprocess. The drop in the numberof  employees  also  includes  thepeople who have resigned. 

“The  company’s  fi�nancialtroubles started during the pan­demic,  when  its  revenue  wentdown two­folds. The company’s

fundraising  talks  with  Chineseinvestors also did not materialisebecause of changes in FDI rules.Lido  Learning  was  planning  toraise  about  $80–90  million  inthis round,” the source added.

Police complaintsFurther, the source said that LidoLearning has defaulted on manycustomer  refunds,  leading  toover  54  police  complaintsagainst  the  edtech  platform  inDelhi, Bengaluru and Haryana.  

Acustomer, AK Sinha told Busi-

nessLine that he had enrolled hisfour­year­old child for one of thecourses, on the condition that hewould get a refund if the coursewas not up to his liking. 

However,  when  he  asked  the

company  to refund  the  fees  of₹�31,000,  the  company  kept  as­suring him of a refund in 45 daysbut the money never came back.Instead, on February 5, Sinha wascharged  the  fi�rst  EMI  on  thecourse fee and Lido Learning hasstopped taking calls from his re­gistered number. 

BusinessLine’s detailed  quer­ies to Lido Learning on this andother matters did not elicit a re­sponse till the time of going topress.

Several employees took to thesocial media to say that they havenot been paid salaries and somehave not received their full and fi�­nal settlement.  “How have youmade a team of people, who donot  even  support  or  help  theiremployees?  This  is  very  shame­ful. I have all the mails and detailswritten  where  you  have  clearlymentioned  that  I  will  get  mysalary, but now you are not reply­ing  at  all,”  Juhiee  Arora,  whoworked  as  a  Talent  AcquisitionSpecialist  at  Lido  Learning  fornine  months,  wrote  on  aLinkedin post 

Edtech firm cuts

staff strength to

300 from 1,000

In the dock: Lido Learning defaults on payment of salaries and refunds

................CMYK

CHENNAI

BusinessLineWEDNESDAY • FEBRUARY 23 • 2022 3NEWS

S RONENDRA SINGH

New Delhi, February 22

Communications Minister

Ashwini Vaishnaw has all hands

on the deck with respect to the

ambitious plan of kickstarting

domestic production of

semiconductors. In an

exclusive interview with

BusinessLine, Vaishnaw

discussed the Personal

Data Protection Bill, the

necessity to evolve a consensus

around regulation and freedom

of speech amid the

proliferation and dangers of

social media in society.

Excerpts:

What is the current status of

the Personal Data Protection

Bill?

Frankly, the Bill has gonethrough a detailed consulta-tion process. Having been amember of the Joint Commit-tee of Parliament when theseconsultations happened, I cansay that the process was com-prehensive. The next step hasto be taken by the government.Some concerns remain thatcould perhaps have been re-solved during the consultationprocess. I believe certain issueshave to be examined in context.

For instance, with regard togovernment exemptions, ifyou look at the global bench-marks such as the General DataProtection Regulation (GDPR)statute, there are eight pointson which the government has

been given exemption. What isbeing proposed in the currentformat of the Bill is just fourpoints. And these are in linewith the constitutional provi-sions. The scope for exemp-

tions is much widerin the global context. Iwould urge the civilsociety organisationsto take this into con-sideration. We admit

that there is scope for signific-ant simplification in the insti-tutional structure and execu-tion ecosystem of the statute.

The government wouldsurely work towards making itmore attuned to the contem-porary reality of a digital worldwhere physical benches, paperapplications are somewhatoutdated. Now, should all thisbe done in the Bill or duringthe rule-making process is anopen question. I believe it canbe done even during the rule-making process withouttinkering too much with the le-gislation. I have held interac-tions with Nasscom too. Theyare primarily related to compli-ance burden on the industry.That’s a fair concern and I thinkthat can be addressed. Ulti-mately, we all have to agree thatthe world is moving ahead andwe need to bring a balance inthis discourse very quickly. Weneed to take this to a logicalconclusion.

So would that require a

fresh proposed statute,

which would mean starting

the whole process again…

The consultation process hasbeen very comprehensive. I donot think we need to start thatexercise all over again.

Are we going to wait for

another two years for a

fresh legislation?

I don’t think so. Of course, weneed to do a lot of work be-cause the Committee report isquite comprehensive and weneed to process it. We are in theprocess of examining the re-commendations and proceed-ing accordingly.

What about the impact of

social media and citizen’s

privacy till then; we have

seen glaring examples of

individual privacy being

violated and personal data

mined by big corporations.

A balance has to be broughtsomewhere. The whole worldtoday is concerned about im-pact of social media on society.We definitely need regulationbut we also need constructivedebate and consensus on thisissue. Even when one is awareof the dangers of individualprivacy violations or otherdangers, the very mention ofregulation starts a debate onfreedom of speech. If we intro-duce regulation, there is this al-legation of curtailing freedomof speech and the flip side of it

is the charge that we are not do-ing enough.

We all need to understandthat this is an evolving ecosys-tem and very rapidly advan-cing technology. So what weneed here is a totally non-par-tisan, impartial debate wherewe can constructively evolve aconsensus. This necessarily in-volves the entire political spec-trum as also the civil society.We need to find a balancebetween freedom of expres-sion and regulation. I franklydo not believe that the DataProtection Bill alone is meantfor that purpose. This requiresmore work on other fronts.

So, it is unlikely to be passed

in the Budget Session?

Our target was this session. Cer-tainly it won’t be inordinatelydelayed. We are working on it;

data privacy is a sensitive issueand we should see the resultssoon.

What about the

non-personal data

protection Bill?

The non-personal data com-mittee constituted by the Min-istry has given its report. Again,that is a complex issue becausethe Joint Parliamentary Com-mittee wanted it to be a part ofthe Data Protection Bill. Howdo we do that? Had we gonewith straightforward con-struct of laying down privacyprinciples in the Bill, whichmany countries did, it wouldhave been an easier task.

What is the progress on the

semiconductor PLI scheme?

Some industry people feel

there would be issues on

land acquisitions/water/

electricity supply…

None of what you’ve listed is anissue really. How much land dowe need — 300-400 acres?Every steel plant requires atleast 4,000-5,000 acres. Powersupply can be designed withdouble redundancy. Ultra-purewater has to be manufactured;it would be manufactured herelike it’s done across the world.

In fact, the government hasmoved very fast and has a com-prehensive, long-term plan.What the industry too appreci-ates is that we have given a 20-year commitment.

We are the only country inthe world which has commit-ted to train 85,000 semicon-ductor engineers in our top-class institutes. There are somany countries which are will-ing to throw billions of dollarsafter any project, but where isthe talent? Which is the coun-try which has given commit-ment to talent?

We are on the verge of com-pleting discussions with All In-dia Council for Technical Edu-cation (AICTE) where we arefinalising the course cur-riculum in BTech/MTech pro-

grammes; the skill required be-low the technician level; whatwould be the PhD programmesin which we have to go for ul-tra-advanced design processes.We have factored in all the fiveelements – silicon fab, displayfab, compound semiconduct-ors, semiconductor packagingand design.

So, today the global playersare impressed with India’s at-tention to detail, seriousnessand commitment. The ques-tion is how fast we close thefirst set of applications we havereceived, and I can tell you thatwe are working with a lasersharp focus on that. We have alaser sharp focus on execution.

What about in the telecom

sector now after the

reforms?

After the announcement of thetelecom reforms in September,the entire industry structurehas changed.

For instance, earlier, permis-sion for setting up a tower sta-tion would take months. But,today, it might take a fewminutes only if it is away fromsensitive areas like a Defencecentre or the airports.

But the tariff rates are going

up now…

We have the lowest prices inthe world. I think that is fairand we need that for digital in-clusion. But ultimately that issomething which is decided bythe industry and TRAI.

Is the merger of BSNL-MTNL

and now with BBNL

happening? And, there are

reports of BSNL employees

not happy…

Those issues are there becausetelecom is a capital-intensiveindustry. But we have found away by which BSNL becomessustainable. The sustainabilitylooks possible now, and BSNLhas made the first operatingprofit after many years. BSNL isalso conducting proof ofconcept for development of 4Gatmanirbhar technology stack.BSNL will also roll out 5G after4G.

What will be the timeline

for 5G spectrum auction?

The final recommendationshave to come from TRAI, whichare expected in March and weare looking for an auctiontimeframe of May/June.

‘We must balance freedom of expression, regulation of data protection’

O ASHWINI VAISHNAW,Minister for Railways,

Communications and

Electronics &

Information Technology

The whole world today isconcerned about impact ofsocial media on society. Wedefinitely need regulationbut we also needconstructive debate andconsensus on this issue.

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................CMYK

THINK

India’s  free  trade  pact  with  the  United  ArabEmirates  (UAE),  its  third  largest  tradingcountry  in  recent  times  after  the  US  andChina, is a watershed. It marks a return to an

outward  economic  orientation  through  the  FTAmode after a conscious policy to shelve it for manyyears. As an assessment by NITI Aayog has pointedout,  India  ended  up  on  the  losing  side  in  theASEAN FTA signed a decade ago. In November 2019,India walked out of the RCEP, fearing an ASEAN­like impact. Given this history, it does not come asa surprise that the Comprehensive Economic Part­nership Agreement with UAE (which aims at rais­ing  bilateral  trade  from  about  $60  billion  atpresent to $100 billion in fi�ve years) is accompan­ied by an explanation on how the mistakes of thepast have been avoided. India has been promisedtariff�  free  lines  on  90  per  cent  of  its  exports  byvalue ($26 billion of total merchandise exports of$29 billion), apparently much higher than accessprovided  in  the  past  by  ASEAN  countries.  Eventhough UAE’s average tariff�s are in the region of 5

per cent (15 per cent in India’scase), zero duty is expected toboost India’s  labour intensiveexports — chiefl�y textiles (help­ing  India  compete  with  Viet­nam  and  Bangladesh),  gemsand  jewellery,  pharmaceutic­als,  plastics,  automobiles,

leather and agriculture goods. This will eventuallyextend to 97 per cent of India’s exports by value,covering electronics, cement and ceramics. With adiversifi�ed trade base, the 3.3 million diaspora, In­dia’s largest, can continue to be a robust source ofremittances.

While  the  export  projections  look  rosy,  less  isknown so far on the import front, save India’s as­surance  that  sensitive  items  such  as  dairy  andplantation products have been kept out. Also, tar­iff�  rate  quotas  (a  hike  in  tariff�s  after  a  certainquantity of imports) will be applied if needed. In­terestingly, India ran a trade surplus with the UAEtill 2018­19, which has since turned into a defi�cit,and a pretty large one since 2020; the defi�cit of $9billion till October this fi�scal seems like a record.With  UAE  being  a  re­export  hub,  concerns  overrules of origin cannot be wished away. More clar­ity is needed with respect to the deal’s provisionson government procurement. The implications ofthrowing open public procurement to one coun­try, on the MSME sector as well as on WTO negoti­ations, should be considered. The same holds truefor  IPRs  and  investment  rules  which  have  beenoutside the ambit of multilateral talks but are fi�g­uring in FTA­type deals.

It would seem that an eff�ort here is to strike abalance between two aspects: opening up the eco­nomy  and  inviting competitive  forces  throughFTAs; and trying to set up scale through PLIs andindustrial parks, with protection through higherMFN  tariff�s.  India  has  decided  to  go  on  a  CEPAdrive. UAE was among the eight such deals in thepipeline. As the Centre has said with respect to theUAE accord, it is possible to protect the country’sinterests while opening up markets. But this state­ment will be put to a stern test in the deals withthe EU and Australia, both of which are under ne­gotiation now.

Looking outward, againThe trade and investment pact with UAE signals

the welcome return of FTAs in trade policy

0x y z

wednesday, february 23, 2022

PARAMJYOTI CHATTOPADHYAYSONAL GARG

The  government  of  Indiaplans  to  take  acceleratedsteps  to  distribute  forti­fi�ed  rice  through  the  so­

cial safety net schemes of TargetedPublic  Distribution  System,  PMPoshan and ICDS in all parts of thecountry by 2024 in a phased man­ner.  The  fi�rst  leg  of  this  initiativewas  to  implement  a  pilot  scheme,which  plans  to  distribute  fortifi�edrice under Public Distribution Sys­tem  in  15  States  (one  district  perState). 

Currently, the pilot scheme is be­ing  implemented  in  11  districts.Given  that  rice  is  the  staple  cerealfor 65 per cent of Indians, fortifyingrice  with  micronutrients  and  sup­plying  it  through  safety  net  chan­nels,  which  cover  800  millionpeople,  provides  a  promising  op­portunity  for  plugging  the  nutri­tional gaps in dietary requirementsof the masses. While achieving diet­ary diversity should be the ultimategoal, food fortifi�cation off�ers a cost­eff�ective  complementary  strategyfor addressing the problem of un­der­nutrition. 

Several countries such as the Phil­ippines,  Costa  Rica,  Nicaragua,

Panama, and the US have mandat­ory legislation for rice fortifi�cation,while  some  low  and  middle­in­come  countries  such  asBangladesh,  Sri  Lanka,  Cambodiaand India are taking the route of so­cial  safety  nets  to  target  the  mostvulnerable sections of society. 

Various  studies  provide  strongevidence of improvements in nutri­tional  outcomes  due  to  consump­tion of fortifi�ed rice. A review, con­ducted  by  Food  Fortifi�cationInitiative, of 16 effi�cacy trials indic­ated that roughly 85 per cent, 64 percent, 33 per cent and 55 per cent ofthe  trials  measuring  iron  defi�­ciency,  ferritin,  haemoglobin  andanaemia,  respectively,  recorded  asignifi�cant  improvement  in  theseoutcomes  in  the  interventiongroup. FFI also reviewed fi�ve eff�ect­iveness  studies,  of  which,  fourshowed an improvement in the nu­tritional  and  other  related  out­comes. 

Globally,  positive  impact  fromconsumption  of  fortifi�ed  rice  hasbeen  observed  through  program­matic  experiences  of  some  coun­tries. The success of the Costa Ricanprogramme  has  been  mainlyascribed  to  a  centralised  rice  in­dustry,  leveraging  of  the  existing

distribution  channels,  collaborat­ive eff�orts of private and public sec­tors  and  ensuring  consumer  ac­ceptability, among others

A comparison  of  2008­09  and1996 National Survey data revealeda reduction  in  prevalence  of  an­aemia by 71.2 per cent among chil­dren aged 1­6 years and by 46.8 percent  among  women  of  childbear­ing  age.  Although  several  stapleswere fortifi�ed, given the dominanceof rice in overall food basket, its con­tribution in improving nutritionaloutcomes could not be overlooked. 

The Indian experienceIn India, several studies have beenconducted to examine viability andimpact of rice fortifi�cation in redu­cing  micronutrient  defi�ciencies.

One example is the World Food Pro­gramme’s  collaboration  with  theOdisha  government  to  distributefortifi�ed rice across 1,449 schools inGajapati  district  through  MDMscheme in 2012. 

To evaluate impact, prevalence ofanaemia,  among  other  key  per­formance  indicators,  was  com­pared  with  the  control  district  ofRayagada, before and after the pro­gramme. Gajapati’s schoolchildrenexperienced a reduction of 20 per­centage points in the prevalence ofanaemia as opposed to 14 percent­age points in Rayagada, indicating areduction of six percentage pointsthat can be attributed to intake offortifi�ed rice. 

Another recent study in Gujarat,published in International Journal ofFood Sciences and Nutrition (Ma­hapatra  et al.,  2021),  evaluated  theimpact  on  cognitive  performance,haemoglobin  concentration  andanaemia prevalence in children (6­12 years), who were served fortifi�edrice through the MDM scheme. Thestudy  found  signifi�cant  improve­ments in cognitive test scores andhaemoglobin  concentrations,  andreduction in anaemia in the inter­vention group as compared to thecontrol  group.  While  such  experi­

ences provide evidence in supportof  cost­eff�ectiveness  and  impact,the  success  of  scaling  up  fortifi�ca­tion to target the country’s poorestis hinged on various factors includ­ing setting up a robust ecosystem, awell­integrated  supply  chain,  andestablishing  standards  to  ensureconsistency in quality.

This  should  go  together  withstrengthening  the  quality  controland  quality  assurance  mechan­isms,  creating  awareness  to  en­hance  acceptability  among  con­sumers  and  monitoring  keynutrition indicators. 

It is also important to build capa­cities of stakeholders by incorporat­ing learnings from previous experi­ences including fortifi�cation of saltwith  iodine  and  the  pilot  scheme.Further, collaborations with know­ledge  and  implementation  part­ners  would  help  leverage  their  ex­pertise  in  implementation  andmeasuring the impacts of the pro­gramme.  These  measures  wouldhelp  in  ensuring  a  successful  na­tional level scale up of the initiative.

Paramjyoti is Monitoring & Evaluation

Specialist, and Sonal is Young

Professional, NITI Aayog. Views are

personal

Tackling undernourishment with fortified rice Studies show fortified rice has helped reduce anaemia. To scale up, this cost-effective initiative needs further support

Plugging the nutritional gap ISTOCK

Ukraine crisis

By recognising two separatists re­gions  in  Ukraine  as  independentstates, Russian President VladimirPutin  had  thrown  the  gauntletdown  to  the  diplomatic  eff�orts,mostly  being  spearheaded  byFrench and German Presidents tode­escalate the mounting militarytensions  between  the  West  andRussia  over  Ukraine.  With  the  USled  Western  powers  likely  to  im­pose  economic  sanctions,  thespectre  of  military  invasion  ofUkraine by Russia appears immin­ent with its potential debilitatingramifi�cations on global peace andstability. M JeyaramSholavandan, TN

Look beyond NSE

The  National  Stock  Exchange  wasfounded at the turn of 1990s as thenation’s  economy  was  set  to

bloom  post  major  reforms.  Itsfounders did leverage technology,making it the fi�rst dematerialisedelectronic  exchange  in  the  coun­try to provide a modern, fully auto­mated  screen­based  electronictrading system..

The  ongoing  scandal  could  bedue to personal aberrations of itsthen chief, but the greater concernought to be over the system’s fail­ure to embed avant-garde internalchecks and balances as also the in­adequacy in oversight by externalregulators.  The  current  technicaland  forensic  audit  must  thus  seebeyond  the  endemics  of  the  NSE,to  revisit  and  retune  systems  inevery major fi�nancial institution.R NarayananNavi Mumbai

Investor awareness

This refers to ‘Sustaining the retailboom  in  capital  markets’  (Febru­

ary  22).  Strengthened  by  IT  toolsand  easy  compliance  with  themarket  mechanism,  retail  in­vestors  are  thronging  the  marketwith investments especially in thepandemic­based  market.  But  theherd  instinct­boosted  retail  entryof  investors  are  not  backed  byknowledge  on  the  market.  Oncethey lose their investment in spec­ulative  trades,  they  may  quit  themarket.

Regular  training  to  investorsthrough  symposiums,  seminarsand workshops will help them un­derstand the market better. NR NagarajanSivakasi, TN

Customer-friendly officials

The  point  the  Finance  Ministermade about banks to be more cus­tomer­friendly is well taken. How­ever, the problem lies on all sides.When  bank  offi�cials  are  held  re­

sponsible for bad loans and no in­centive  given  when  loans  are  re­paid, who would want to take therisk?  A  borrower  is  made  to  gothrough  endless  procedures  thatmakes him wonder how on earthare  banks  defrauded  for  thou­sands of crores when for a loan ofsome  lakhs  he  has  to  go  throughmany  procedures  meant  for  thesafety of the bank loans. 

Why limit the question to banksalone? All government offi�ces tooshould learn to be people­friendly. Anthony HenriquesMumbai

Education policy

This refers to ‘Budget will help im­plement  National  EducationPolicy’’  (February  22).  One  of  themain  problems  with  our  educa­tion  system  is  that  it  encouragesrote  learning  without  giving  anyscope  for  innovation.  A  student’s

intelligence  is  judged  by  themarks he/she obtains in examina­tions. At the school level itself, chil­dren should be segregated on thebasis of their interests and trainedaccordingly.  Many  students  maybe  bad  at  academics  but  good  atarts, crafts, etc.

We  should  develop  an  educa­tion  system  where  leadershipqualities,  entrepreneurship,  andrational  thinking  should  be  en­couraged  at  the  school  level.Teachers shape our future leadersand citizens and hence only thosewho are well­trained with high in­tegrity  and  commitment  shouldbe appointed as teachers. 

It  is  unfortunate  that  India,which  in  ancient  times  was  con­sidered a centre of  learning, doesnot have a single university in thetop 200 list globally.Veena ShenoyThane

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

CHENNAI

4 BusinessLine WEDNESDAY • FEBRUARY 23 • 2022

On  February  15,  2022,  theSEBI  board  decided  thatthe provision relating tothe  separation  of  the

“role”  of  the  Chairperson  and  theManaging  Director  (MD)/Chief  Ex­ecutive Offi�cer (CEO) of listed com­panies  would  be  moved  from  themandatory  category  to  the  volun­tary  category.  The  applause  willtake  a  while  to  die  down.  Mean­while, it would be useful to look atall the defi�ciencies inherent in thisdecision. 

The  issue  of  conceptual  clarityneeds to be addressed upfront. The“role” of the Chairperson and of theMD/CEO are diff�erent. The Chairper­son  is  the  chair  of  the  board,  andleads  its  discussions  and  delibera­tions.  The  MD/CEO  is  the  head  ofmanagement,  tasked  with  the  re­sponsibility  of  running  the  aff�airsof the company. 

The roles have always been diff�er­ent, and it is not necessary for SEBI,or  anyone  else,  to  separate  the“roles”.  What  had  to  be  addressedwas the question whether the sameindividual should perform two dif­ferent  roles,  namely,  that  of  theChair of the Board, and that of theMD/CEO. 

The case for separationis  not  new.  As  early  as1992,  the  Committee  onthe  Financial  Aspects  ofCorporate  Governance(the Cadbury Committee)noted: “Given the import­ance  and  the  particularnature  of  the  Chairman’s  role,  itshould  in  principle  be  separatefrom that of the Chief Executive. Ifthe two roles are combined in oneperson, it represents a considerableconcentration of power.”

Two decades ago, this author had

described  the  combination  of  thetwo roles in the same individual asthe ultimate negation of corporategovernance.  This  conclusionemerged  from  the  fact  that  man­agements, led by the MD/ CEO, wereexpected  to  run  the  company,  andthe  board,  led  by  the  Chairperson,was  to  ensure  that  the  companywas  run  well  by  the  management.Combining  the  two  roles  in  thesame person was the equivalent ofmaking  that  person  a  judge  in  hisown cause. 

Kotak CommitteeThe  Committee  on  Corporate  Gov­ernance  2017  (the  Kotak  Commit­tee) recommended thus: “Listed en­tities  with  more  than  40  per  centpublic  shareholding  should  separ­ate  the  roles  of  Chairperson  andMD/CEO  with  eff�ect  from  April  1,2020. After 2020, SEBI may examineextending  the  requirement  to  alllisted entities with eff�ect from April1, 2022.”

Based  on  the  recommendationsof  the  Kotak  Committee,  SEBI  de­cided  that  the  separation  of  MD/CEO  and  Chairperson  would  bemade applicable to the top 500 lis­ted entities, by market cap, with ef­fect from April 1, 2020. The eff�ectivedate  for  this  decision  to  be  imple­mented was later moved from April1, 2020 to April 1, 2022. 

Addressing  a  conference  a  fewmonths ago, the SEBI Chairman ex­horted the companies to give eff�ect

to  the  mandated  separa­tion  before  the  due  date,namely, April 1, 2022. It isreasonable  to  presumethat  since  2020,  SEBImust  have  received  anumber  of  representa­tions pointing to the diffi�­culties,  real  and  imagin­

ary,  in  giving  eff�ect  to  thisprovision.  The  SEBI  Chairman’s  ex­hortation  should  be  presumed  tohave come after the system had di­gested  all  the  objections  and  sug­gestions  that  it  had  received  overseveral months. 

Things  appear  to  have  been  oncourse  for  the  separation  to  be  ef­fective  in most,  if not all,  the com­panies.  In  what  must  have  clearlybeen  a  last­ditch  eff�ort,  with  moreexpectation,  than  hope,  the  CIIbrought the matter to the attentionof the Union Finance Minister. TheMinister’s  response  was  that  SEBIshould give a hearing to the corpor­ates,  having  regard  to  their  stateddiffi�culties  and  objections.  She  ad­ded,  for  good  measure,  that  SEBIwas an autonomous regulator, andthat she was not giving a diktat. 

It  would  have  been  appropriatefor  SEBI  to  apprise  the  Minister  ofthe  process  of  consultation,  fol­lowed  by  the  extended  time  givenfor implementation, to the entitiesimpacted  by  the  proposed  regula­tions.  It  is  no  one’s  case  that  SEBIshould have again called represent­atives of corporate India for a phys­ical hearing, since the concept of ahearing does not necessarily trans­late  to  yet  another  round  of  phys­ical hearing.  It must be noted thatthe Kotak Committee, headed by acorporate luminary (also a CII Pres­ident  later)  had  among  its  mem­bers, the then Presidents of CII andFICCI. 

Change in stanceTen  days  after  the  Minister’s  re­marks, the SEBI Board decided thatthere were good enough reasons to

move this provision from the man­datory  category  to  the  voluntarycategory.  The  excuse,  masquerad­ing  as  an  explanation,  was  that  ason  December  31,  2021,  only  54  percent  of  the  listed  companies  hadcomplied with the provision. SEBI’sconclusion was that “expecting theremaining about 46 per cent of thetop 500 listed companies to complywith these norms by the target datewould be a tall order”. 

It  is  passing  strange  that  a  legalprovision  is  being  abandoned/di­luted because of the misplaced ap­prehension that a large number ofentities  would  not  comply.  Non­compliance being respected, and infact  rewarded,  goes  against  thegrain of a law­abiding society. 

What  SEBI  clearly  has  notfactored in is that many companiesthat had not complied up to Decem­ber  31,  2021,  had  already  decidedwhat  they  would  do  in  order  tocomply by March 31, 2022. 

Yet  another  excuse  trotted  outwas that “constraints posed by theprevailing  pandemic  situation”would  have  stood  in  the  way  ofcompanies  being  able  to  imple­ment this provision. The virus itselfmust be blushing because of its be­ing used as a crutch to dilute an “in­convenient” provision. 

The  expectation,  that  most  cor­porates  had,  was  that  the  secondstipulation  by  SEBI,  namely  that

“the Chairperson should not be re­lated  to  the  Managing  Director  orthe  Chief  Executive  Offi�cer”  wouldbe  abandoned.  Such  a  provisiondoes not exist in any other jurisdic­tion, nor does it form a part of therecommendations  of  the  KotakCommittee.

Non-relationship provisionIn her remarks at the CII event, theMinister  referred  to  the  history  ofIndian  companies,  presumablypointing in the direction of the ex­pectation of family members to as­pire  for  positions  of  leadership.This could have been taken care ofby  jettisoning  the  needless  provi­sion  regarding  the  non­relation­ship  of  the  Chairperson  with  theMD/ CEO. 

If,  as  understood,  the  objectionwas majorly regarding the elementof the provisions regarding non­re­lationship,  discontinuing  the  en­tire provision for separation wouldamount  to  a  classic  case  of  throw­ing  out  the  baby  with  the  bathwa­ter. 

What SEBI’s decision would meanfor the credibility of regulatory or­ganisations,  and  the  need  for  con­tinuity in regulatory provisions, is amatter worth losing sleep over. 

The writer is Chairperson, Excellence

Enablers, and former Chairman, SEBI,

UTI and IDBI

The SEBI decision to make separation of the role of Chairman and MD/CEO voluntary has deficiencies and is uncalled for

An individual taking on the roles of Chairman and MD/CEO is the ultimate negation of corporate governance ISTOCK

What price regulatory credibility?

Scan & Share

Scan & Share

M DAMODARAN

POCKET RAVIKANTH

Published by N. Ravi at Kasturi Buildings, 859 & 860, Anna Salai, Chennai-600002 on behalf of THG PUBLISHING PVT LTD., and Printed by Babu Vijay at Plot B-6 & B-7, CMDA Industrial Complex, Maraimalai Nagar, Chengleput Taluk, Kancheepuram Dist., Pin: 603209. Editor: Raghuvir Srinivasan (Editor responsible for selection of news under the PRB Act). ISSN 0971 - 7528

................CMYK

THINK

February 23, 2002

Dairy controls to go

After sugar, the Government is now set to substantiallydecontrol the dairy industry by scrapping the concept ofdesignated 'milksheds' in the Milk and Milk Products Order,1992 (MMPO). The decision, expected to be formallyannounced in the coming Budget, would virtually removethe last vestiges of control on the industry. Currently, theMMPO requires any dairy plant handling or processing morethan 10,000 litres per day (LPD) of milk to obtainGovernmental registration, with the registration authoritybeing the concerned State Government for capacity up to100,000 LPD and the Central Government in case of capacitybeyond this level.

Cabinet clears big-ticket labour reformsThe much­awaited reforms which the Indian industry waslooking for has fi�nally happened. The Union Cabinet onFriday approved amendments to Industrial Disputes Act,1947, which are required to carry out major reforms inlabour laws. Currently, under Chapter VB of the IDA,industrial establishments employing 100 or more workersare required to obtain prior approval from the 'appropriateGovernment' for eff�ecting lay­off�s, retrenchment or closure.

Suzuki alleges lack of inter-Ministerial co-ordinationThe Indian counsels for Suzuki Motor Corporation, who wereco­ordinating with the Foreign Investment Promotion Board(FIPB) regarding the company's latest plan to set up atwo/threewheeler facility in India, have fi�red off� a letter tothe Government charging it with lacking co­ordinationamong its various departments, particularly the Ministry ofCommerce and Industry and the Ministry of HeavyIndustries and Public Enterprises, and thereby causing delayin approving the proposal. 

TWENTY YEARS AGO TODAY

BusinessLine

CHENNAI

BusinessLineWEDNESDAY • FEBRUARY 23 • 2022 5

ACROSS

01. Appeases (11) 

08. Large store (8) 

09. Close at hand (4) 

10. Flower (5) 

13. Back of lower leg (4) 

16. Earth satellite (4) 

17. Masonry support; jetty (4) 

18. Cricket practice situation (4) 

20. Gather bits of information (5) 

24. Claim to be true (4) 

25. Answer to poison (8) 

26. Glass growing structures (11) 

DOWN

02. String of pearls (4) 03. European capital (5) 04. Peace agreement (5) 05. Soldier's coat (5) 06. Romantically emotional (11) 07. Things one would rather

have (11) 11. Sound of a plucked string (5) 12. Lift up (5) 14. Operatic song (4) 15. Application of paint (4) 19. Suit material (5) 21. Midday meal, in short (5) 22. Farewell (5) 23. Sit; assumed attitude (4)

ACROSS

01. Sport I twice tape if itappeases (11) 

08. There's poem about onebeing in the drink, a bigstore of it (8) 

09. It's mean to get so close (4) 

10. In haste repents itfl�owering inside (5) 

13. Fine leather part of a leg (4) 

16. Look dreamy, like thesatellite (4) 

17. Wall's support may be putout to sea (4) 

18. Makes a clear profi�t wherecricket is practised (4) 

20. Gather it may be got froman angle (5) 

24. Mature vats in which onemay claim a part isreturned (4) 

25. Poisonous answer isopposed to the way onewill adore it (8) 

26. Ecology­consciousdwellings where thingsare grown (11) 

DOWN

02. Among the Sappers, work on a line (4) 

03. In afterthought, change of air maybe capital (5) 

04. Loyal about conservative beginningwhen fi�ghting stops (5) 

05. In cut it's diff�erent when it's worn (5) 

06. Listen: men at variance can provesoft­hearted (11) 

07. Such things as one would rather! (11) 

11. Sound of gnat fl�ittering around topof window (5) 

12. Heighten one in ears bent to shape (5) 

14. What is sung in opera, fairassessment shows up (4) 

15. An application of paint for Ulster,say (4) 

19. Russian boy will soundly well up (5) 21. It takes an eon to conclude the 

meal (5) 22. Final word due to fi�rst­class 

mix­up (5) 23. Perplex one with question of

assumed attitude (4)

easy not so easy

ACROSS 1. Palisade 4. Stop 8. Arc 9. Foals 10. Car 11. Comfort 12. Idiot 13. Loud speaker 17. Arena 18. Bristle 20. Tea 21. Essen 22. Ban 23. Rile 24. Sniggers DOWN 1. Prance 2. Locum 3. Dealt 5. Tactile 6. Purity 7. Aspiration 9. Floodgates 14. Overall 15. Martyr 16. Tennis 18. Basin 19. Table

bl two-way crossword 2070

SOLUTION: BL Two-way Crossword 2069

SUJOY BOSE

Apart from the its thrust on in­frastructure,  the  Budget’sother  timely  idea  is  the  issu­ance of sovereign green bonds.

Prime  Minister  Narendra  Modi’s  vis­ion of a Net Zero economy by 2070 laidout at the COP26 off�ers India an oppor­tunity  to  lead  the  developing  world  ingreen transition. Such a transition willposition India at the forefront of new in­dustries and job opportunities. With deftpolicy  support,  India  has  successfullydemonstrated  the  creation  of  a  solarpower market at price points that devel­oping countries can aff�ord. Similar pos­sibilities exist in many transition indus­tries  like  hydrogen,  electric  vehicles(especially two­ and three­wheelers, bat­tery storage systems, etc.)

This green transition will require sig­nifi�cant fi�nancing. The fi�nancing needsto have three key aspects: (a) it needs tohave  a  long­term  orienta­tion, (b) it should be willingto  take  risks,  especially  onnew or costly technologies,and  (c)  it  needs  to  have  aclear  defi�nition  of  what  is‘green’. 

Though  the  developedworld has promised funds,the onus now is for variouseconomies  to  fi�nd  re­sources to fund the green transition.

The Finance Minister announced thegovernment’s  intention  to  issue  Sover­eign Green Bonds (SGBs) to mobilise re­sources for green infrastructure. The pro­ceeds will be deployed in public sectorprojects.

With these words, a new fi�nancing in­strument has been created. The govern­ment  will  now  raise  monies  from  in­vestors  who  care  about  the  greentransition of the economy. Global experi­ence suggests that such bonds may notmaterially lower the cost of borrowing –the yield on a green bond is not signifi�c­antly diff�erent from a regular bond. Butthey create an ecosystem which fosters agreater  fl�ow  of  capital  into  the  greensector.

To  issue  a  green  bond,  a  clear,  tax­onomy  of  what  is  “green”  is  required.This  off�ers  clarity  to  other  participants(investors, companies, etc.). While thereare  global  measures  afoot  to  defi�ne  acommon taxonomy, every country will

likely  have  to  adapt  the  taxonomy  de­pending  on  its  context  and  require­ments. Other aspects that gain due to aclearer taxonomy are measurement, re­porting and disclosures. Once measure­ment of the green impact is clear and isrecognised via reports and disclosures,mandates  can  be  implemented  for  ameasured transition to Net Zero. There isa large opportunity for India to developskills  in  measurement,  assurance,  andratings for the world.

The  proceeds  from  issuance  of  SGBsare to be deployed in “public sector pro­jects”. Many jobs and signifi�cant invest­ments in fossil fuel and internal combus­tion  engine  related  value  chains  couldface challenges as policies tilt more to­wards greener sources of power and mo­bility. Informing and educating the com­munities  that  are  expected  to  beimpacted by such changes and off�eringthem  opportunities  to  reskill  will  beneeded to make the transition more so­

cially acceptable. Such trans­ition  investments  are  bestaddressed via public capital.

Over  time,  the  govern­ment  may  issue  greenbonds of various maturities. This will help in creating agreen yield curve, which inturn  will  help  other  com­panies raising green fi�nanceto  benchmark  their  issu­

ances  to  varying  maturities  along  thegovernment’s yield curve to suit projectsof diff�erent time horizons. To encouragejan-bhagidari (participation  of  all  cit­izens), green ‘fi�xed deposits’ can be ag­gregated via commercial banks.

Development  of  a  sovereign  greenbenchmark could eventually lead to thecreation of a vibrant ecosystem of rais­ing green bonds from international in­vestors. Such pooling together of foreigncurrency capital can be done in the Inter­national Financial Service Centre (IFSC)at GIFT City.

Large pools of global capital with ESGmandates are looking for opportunitiesto invest in climate mitigation, adapta­tion, and resilience projects. India, as thefastest  growing  economy  with  stablemacroeconomic  environment  and  astrong  Net  Zero  commitment,  is  a  nat­ural destination for such capital.

The writer is Managing Director & CEO, NIIF.

Views expressed are personal

Time ripe for green bondsThis will help in ushering in a net zero economy

PRADEEP RACHERLA

In June 2021, the Department of Con­sumer Aff�airs released a draft set ofrules to tighten the governance ofe­commerce  platforms  (‘plat­

forms’). The reactions were instant andvociferous.  The  supporters  (such  astrader associations) welcomed the pro­posal and wished it had come earlier. 

The  detractors  (e­commerce  fi�rms,VCs  and  industry  bodies)  claimed  thatthe  rules  will  impact  the  ease­of­doingbusiness,  innovation  and  FDI  enthusi­asm.  Interestingly,  other  ministries  inthe government (Corporate law and Fin­ance) also objected for various reasons.

Yes, one of the primary motivations ofthis  proposal  is  political  —  to  appeasethe trader lobby. But even in this politic­ally charged environment, let’s not losefocus of the positive elements. Westernnations  such  as  the  US  should  havelooked  at  similar  rules  decades  ago  tocheck  the  unfettered  power  of  e­com­merce  platforms.  A  problem  that  theyare desperately trying to solve today.

The draft has several good and not­so­good aspects. 

The Good: It’s all about infoThe strongest element is that of inform­ation provision — fi�rms are expected toprovide  clear  information  regardingproduct details, photos, returns and ex­change rules, modes of payment, griev­ance redress mechanisms, etc. A relatedpoint is to set up clear grievance redressmechanisms  including  nodal  offi�cers,timeframe and processes. This is a posit­ive outcome for consumers since good/transparent  information  and  friction­less  pre­  and  post­purchase  processingare key to a healthy e­commerce market.

Platforms are required to off�er detailsof  sellers  (name,  location,  contact  de­tails, etc). This is good since buyers cannow  decide  to  do  business  with  sellersbeyond  a  platform  (if  they  wish  to).Seller  welfare  is  as  important  as  con­sumers’.  Research  across  the  globeshows  when  transacting  through  plat­forms, sellers lose out on developing re­lationships with end buyers (due to theopacity mandated by platforms). 

This  makes  platforms  unduly  power­ful to a point where they can impose un­fair  business  terms  and  excessive  com­missions or fees. Majority of the sellers

on  e­commerce  marketplaces,  researchshows, barely make any profi�t given theextent of services they have to avail to bevisible to end consumers (e.g., keywordbuying, additional advertising). 

Platforms  cannot  use  the  vast  dataavailable to them to gain unfair advant­age  over  sellers  or  show  diff�erentialtreatment between sellers. This is an im­portant rule that goes a long way in en­suring seller welfare. What is the digitalworld if not all algorithms?. The opacityof  these  algorithms  creates  undue  ad­vantage for platforms over both buyersand sellers. 

For example, it is commonly acknow­ledged  that  search  results  in  Amazonand  Flipkart  unduly  favour  relatedparties or sellers that subscribe to logist­ics  solutions  provided  by  these  fi�rms(for instance, Fulfi�lled by Amazon). Usu­ally,  these  solutions  are  incredibly  ex­pensive  and  suck  out  all  the  marginsfrom the sellers. However, it remains tobe  seen  how  the  regulators  plan  to  en­force this rule. It is not an easy task.

The Bad: Over-reach and ambiguityThe  proposed  rules  infringe  on  otherministries’  mandates.  For  instance,  the‘fallback­liability’  clause  holds  plat­forms liable for any mis­selling by thirdparty sellers. 

However, this runs counter to the FDIrules of the Finance Ministry — prevent­ing platforms from explicitly managingtheir inventory. 

Further,  it  takes  away  the  immunitygranted specifi�cally to marketplaces un­der the IT Act. Similarly, the Ministry ofCorporate Aff�airs feels that rules relatedto the abuse of competitive position areunnecessary since there is already a ro­bust  Competition  Commission  thatoversees such issues.

The  proposal  also  refrains  relatedparties  from  commercial  activities  onplatforms. 

A related party is any entity with com­mon shareholders of over 5 per cent ormore than 10 per cent ownership. Whilethe motivation for this clause is noble, itwon’t make any sense from a regulatoryperspective. 

More  importantly,  it  will  choke  alltypes  of  businesses.  For  instance,  Star­bucks, an offi�cial partner of Tatas cannotsell coff�ee on Tata e­commerce app. Suchrules are detrimental to business logic,e­commerce or not.

The biggest fl�ashpoint is  ‘fl�ash sales’.The proposal eff�ectively bans fl�ash sales— defi�ned  as  “sale  organised  by  an  e­commerce  entity  at  signifi�cantly  re­duced  prices,  high  discounts  or  anyother such promotions….” The Ministrylater clarifi�ed that it won’t apply to ‘con­ventional’  fl�ash  sales.  Several  issues  atplay here. One, it is impossible to delin­eate a ‘conventional’ fl�ash sale from the‘undesirable’. 

Two,  even  offl�ine  retailers  conductfl�ash sales during festivals or to clear outinventory. Three, consumers benefi�t im­

mensely  from  these  fl�ash  sales  via  re­duced prices and greater choice.

The MissingThe discussion should now turn to howthe  government  can  redraft  a  proposalthat enhances the welfare of consumersand small businesses, and, yet, does notdampen  the  enthusiasm  in  the  e­com­merce sector. There are certain missingelements that need to be considered:

A defi�nitive structure of the industryis now the requirement. E­commerce isno longer an exotic domain. It is a grow­ing  part  of  commerce,  in  general.  Towhat  end  are  these  rules  being  pro­posed? Can they also apply to offl�ine re­tail?  For  instance,  a  multi­brand  retailstore can be treated as similar to a multi­brand  e­commerce  platform.  Is  it  pos­sible to create categories of fi�rms basedon the type of retailing they do (withoutdiff�erentiating  between  offl�ine  andonline).

The  rules  lack  nuance.  For  instance,the  proposal  must  clearly  distinguishbetween an ‘inventory’ platform versusa ‘marketplace’. Some rules such as ‘fall­back liability’ are quite appropriate foran  inventory  model  but  onerous  for  amarketplace. Can the Ministry detail outthis nuance? It will also help better com­pliance and enforcement.

The writer is Professor of Marketing &

Programme Director at School of

Management, Mahindra University

The good, the bad, and the missingThe draft e-commerce rules on information are sound. But there are ambiguities regarding other rules

Nuance needed The govt must redraft the rules to empower consumers, small businesses without hitting e-comm players /ISTOCKPHOTO

Now that Russian PresidentVladimir  Putin  has  recog­

nised  the  independence  ofseparatist  enclaves  in  easternUkraine  and  ordered  in"peacekeeping" troops, the bigquestion  is:  where  will  hestop?

Western  countries  havebeen  warning  for  weeks  thatMoscow may be preparing fora possible all­out massed inva­sion to conquer its neighbour.Russia denies this, and Putin'smoves so far have stopped wellshort of such a scenario.

But  a  televised  address  byPutin  on  Monday  night  ­  inwhich  he  characterised  theUkrainian state and its leadersas illegitimate ­ added to fearsthat  he  may  aim  to  subjugateUkraine by force.

While  many  commentatorsbelieve  that  sending  troopsinto  the  separatist  enclavescould be a fi�rst step towards awider  invasion,  others  notethat it could also be a place tostop ­ or at least pause in termsof action on the ground ­ whiletrying  to  apply  pressure  toUkraine in other ways.

"That  gets  him  out  of  the'backed into a corner, has to in­vade'  scenario.  He's  donesomething. He can claim a vic­tory  for  his  domestic  audi­ence,"  said  Tim  Ripley,  authorof  "LittleGreen Men: Putin'sWars Since 2014".

Ripley  said  he  believes  themost  likely  next  steps  ­  ratherthan  immediately  trying  totake more territory ­ would bea "rolling  campaign"  to  exertpressure  on  Ukraine  in  otherways,such  as  a  naval  blockadeof  Ukrainian  ports  on  theBlack Sea. The goal would be tointimidate  Ukrainians  bymaintaining  a  constant  crisis,while  showing  that  Kyiv'sWestern allies were"a paper ti­ger",  capable  of  off�ering  littlereal help.

Meanwhile,  Russia  hasalready achieved some big ob­jectives,such  as  forcing  NATOallies to publicly acknowledgethey will not send troops to de­fend  Ukraine,  and  securingpermission  from  neighbour­ing  Belarus  to  station  a  largeforce there indefi�nitely.  REUTERS

Ukraine crisis:Where willPutin stop?

SHORT TAKE

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Volkswagen to work on Porsche IPOFebruary 22

Volkswagen AG and Porsche SE have

negotiated a framework agreement to prepare

for an IPO of Porsche AG, the companies said on

Tuesday, in the fi�rst confi�rmation by the players

involved that a listing could be on the table. A

fi�nal decision had not yet been taken and the

conclusion of an agreement must be approved

by the management and supervisory boards,

Volkswagen said. The statements paved the

way for what could be on of the largest ever

listings in European history, with reports

estimating a valuation of €45­90 billion for the

luxury carmaker. Both Volkswagen and Porsche

SE shares gained as much as 10 per cent to

€192.48 and €88.8 euros, respectively, after a

slight dropin early trade.  REUTERS

SEBI invites application for ED post Chennai, February 22

Securities and Exchange Board of India has

invited application for the post of Executive

Director. According to a notice on its website,

SEBI said the post will either be on deputation

or contractual basis, for a period of three years.

Candidates who are not less than 40 years and

not more than 55 years as on December 31,

2021, can apply. Officers of SEBI in the rank of

Chief General Manager may also apply for

position of Executive Director on contract

basis, the notice added. The last date to apply

for the post is March 11.  OUR BUREAU

LIC stake in Capri Global crosses 5%Mumbai, February 22

Life Insurance Corporation of India has

increased its stake in Capri Global Capital Ltd

(CGCL) from 4.959 per cent to 5.044 per cent.

LIC has acquired the stake via market purchase,

as per the Corporation’s disclosure to the

exchanges. Shares of CGCL closed fl�at at

₹�591.35 on the BSE. CGCL had reported 22 per

cent year­on­year increase in third quarter

standalone net profi�t at ₹�48.51 crore against

₹�39.81 crore in the year ago period. The

non­banking fi�nance company’s board on

February 12 had approved entering gold loans

as a new line of business.  OUR BUREAU

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sourced from third party brokerages. Reports may be sent

to: blmarketwatch@gmail.com

ANAND RATHI Ashoka Buildcon (Buy) Target: ₹�159CMP: ₹�90.9The proposed deal to monetise fi�ve of itsoperational BOT­toll assets from itsMacquarie­SBI portfolio, and the consequent exitof the partner, we believe, would not onlyassuage exit concerns but also free managementbandwidth for better­focused core operations.Given this, the recent well­diversifi�edsingle­year­best additions is an augury, and awell­set balance sheet sets the stage for aninspiring performance ahead. Ashoka Buildcon recently entered into anagreement with Kohlberg Kravis Roberts & Co.L.P. to monetise fi�ve of its BOT­toll assets forabout ₹�1,337 crore (subject to fi�nal adjustments),and expects closure by September 2022.On stronger­than­expected orders added andpace of execution, we raise our FY22­FY24revenue. However, with the recent SPAs for theasset monetisation, and on the consequentimpairment of exposure, other income now nomore includes interest income fromsubsidiaries. Consequently, our FY22 earningsare about 10 per cent down, FY23 about 20 percent and FY24 about 18 per cent. On our revisedestimates, the stock (excl. investments) isavailable at 4.3x FY24 core construction EPS. Risk:Slower­than­expected execution.On the bright prospects, we retain our Buy ratingwith (on earnings revision) a higher target priceof ₹�159.

BROKER’S CALL

CENTRUM BROKING Gateway Distriparks (Buy) Target: ₹�356CMP: ₹�278.35Gateway Distriparks’ (GDL) PAT grew 46 per centy­o­y to ₹�47.90 crore and beat estimate of ₹�38.90crore led by higher ICD volumes and higher otherincome. Total volumes grew 19.6 per cent y­o­y to181k TEUs, revenue grew 11.3 per cent y­o­y to ₹�350crore and EBITDA grew 13.2 per cent y­o­y to ₹�93.50crore. EBITDA margin grew 50 bps y­o­y to 26.8 percent due to improved volume mix. GDL hasguided for low to mid teen volume expansion inthe near term though ICD business margins arelikely to remain capped at present levels in thenear term given cost side pressures. CFS marginsmeanwhile have some room to expand led byimproved mix.GDL off�ers benefi�ts of strong scalability fromexisting assets along with a strengtheningbalance sheet. We estimate 10 per centrevenue/EBITDA CAGR leading to 13 per cent EPSCAGR over FY22­24. GDL, while being a mid­size logistics player,enjoys a strong early mover advantage in its ICDbusiness catering to northern markets. Its ICDsoperate at nearly 50 per cent capacity utilisation,and with the potential to double their capacities,off�er strong scalability. Business restructuringinitiatives have helped improve profi�tability andstrengthen balance sheet with Net D/E of 0.24xand Net Debt/EBITDA of 1x as on Dec­21.Maintain Buy with price target of ₹�356 (onpre­amalgamated basis).

PRESS TRUST OF INDIA

New Delhi, February 22

The  Delhi  High  Court  Tuesdaysought  response  of  the  Centre,SEBI and RBI on a plea seeking torestrain  the  promoter  of  Indi­abulls  Housing  Finance  Ltd  (IB­HFL) from selling or transferringany further stake in the company.

Notices issuedA bench of Chief Justice DN Pateland Justice Jyoti Singh issued no­tices to the Ministries of Finance,Corporate Aff�airs, National Hous­ing  Bank,  RBI,  Serious  Fraud  In­vestigation Offi�ce, Securities, andExchange  Board  of  India,  IBHFLand its promoter Sameer Gehlauton  the  application  fi�led  by  anNGO,  Citizens  Whistle  BlowersForum.

The court listed the matter for

further hearing on March 21. “It is pertinent to mention here

that the Enforcement Directoratehas already issued a request letterdated  March  20,  2020,  to  theDeputy Director of Immigration,Bureau  of  Immigration  request­ing that a Look Out Circular (LOC)be issued against Sameer Gehlautas  he  has  been  found  to  be  in­volved  in  the  YES  Bank  moneylaundering  case  in  case...  underthe  Prevention  of  Money  Laun­dering Act, 2002 registered by theED,”  the  application,  fi�ledthrough advocate Kamini Jaiswal,claimed.

Court asks Centre,

SEBI, RBI, NHB,

others to respond

Indiabulls HF: NGO moves HCto restrain promoter selling

“Wealth  origination  in  emer­ging businesses and the start­upecosystem has superseded tradi­tional  investment  products.Start­ups  and  venture  fundingnow  form  an  important  assetclass for holistic wealth manage­ment.  If  one  can  add  strategicvalue to these businesses, this fa­cilitates in generating additionalwealth,”  said  Sumita  Pillai,  CEO,Torus Private Wealth. 

In the fi�rst two months since itbegan  its  initial  operations,Torus Private Wealth has clockedan AUM of $20 million and has apresence in Delhi and Mumbai.

Expansion plansOver the next few quarters, TorusPrivate Wealth will be launchingand  distributing  products  fo­cused on Indian and foreign cur­rency  to  target  the  LRS  (Liberal­ised  Remittance  Scheme)  and

OUR BUREAU

New Delhi, February 22

Cosmea  Financial  Holdings(CFH),  a  new­age  fi�nancial  con­glomerate  promoted  by  SamGhosh,  has  ventured  into  thewealth  management  businesswith the launch of Torus PrivateWealth.

Torus  Private  Wealth  targetsassets  under  management(AUM)  of  $1  billion  in  the  nextthree  years  with  a  focus  onproviding  end­to­end  fi�nancialsolutions and strategic advisoryservices  to  high  net  worth  indi­viduals  (HNI),  ultra  HNI,  emer­ging businesses, and start­ups.

non­resident pool. The companyfurther  plans  to  expand  to  Ban­galore,  Hyderabad,  and  Kolkatain the next 3­4 months.

Torus Private Wealth will be fo­cusing  on  in­house  productmanufacturing  capabilities  andadopting  an  open  architectureplatform,  thereby  building  acombination of deep insight anda domain  technology  model  todrive  its  growth.  “We  are  ob­

serving  a  paradigm  shift  in  thewealth  management  industrywith  the  emergence  of  the  newgeneration  of  digital  investors.Torus  Private  Wealth  is  attempt­ing  to  re­shape  how  advice  andinvestment  products  are  beingdelivered  through  the  use  ofnew technologies,” said Pillai.

Products for MSMERecognising the MSME sector asan important and emerging sec­tor of the Indian economy, TorusPrivate  Wealth  also  has  apipeline of customised productsfor  this  sector  which  has  beentraditionally  ignored  by  wealthmanagers.

“Torus  Private  Wealth  key  dif­ferentiator would be customisa­tion  of  products  and  portfolios,end­to­end  solutions  to  MSMEsegment  and  strategic  off�shoreopportunities,” said Pillai.

Targets $1 billion,

plans to focus on

HNIs, start-ups,

emerging businesses

Sam Ghosh’s Cosmea Fin launcheswealth management platform Torus

Sam Ghosh

GURUMURTHY K

BL Research Bureau

The outlook for the stock of PNCInfratech  is  bearish.  There  is  acomplex  head  and  shoulder  re­versal  pattern  formation  thecharts.  The  6.47  per  cent  fall  onMonday has taken the stock justbelow ₹�250 – the neckline level ofthe  pattern.  This  level  of  ₹�250will now act as a good resistancenow. Above this ₹�259 is the nextkey hurdle. The upside is likely tobe  capped  at  ₹�259  incase  if  abounce  is  seen  in  the  comingdays. 

The  100­Day  Moving  Average(DMA) is on the verge of crossingthe  200­DMA.  This  strengthensthe  bearish  case  and  indicatesthat any bounce could be short­lived  and  more  fall  is  possiblefrom  here.  The  stock  can  fall  to₹�228 fi�rst. A break below ₹�228 canthen drag the stock further down

to ₹�210 and ₹�200 eventually. Traders can go short at current

levels. Accumulate shorts at ₹�249and  ₹�256  in  case  if  a  bounce  isseen.  Keep  the  stop­loss  at  ₹�261.Trail  the  stop­loss  dwon  to  ₹�242as soon as the stock falls to ₹�236.Move  the  stop­loss  to  ₹�237  assoon  as  the  stock  touches  ₹�232.Book profi�ts at ₹�229.

(Note: The recommendations are

based on technical analysis. There is

risk of loss in trading.)

TODAY'S PICK

PNC Infratech (₹�245.1): SELL  17061 • Nifty 50 FuturesS1 S2 R1 R2 COMMENT

17000 16800 17120 17280 Initiate fresh short positions with a

stop­loss at 17140 if the contract

breaks below 17000.

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

₹�1508 • HDFC BankS1 S2 R1 R2 COMMENT

1490 1470 1535 1575 Oscillates in sideways range. Go

short with a stop­loss at 1505 if the

stock breaks below 1490

₹�1733 • InfosysS1 S2 R1 R2 COMMENT

1720 1690 1750 1775 Hovers above a support. Go short

on a break below 1720. Stop­loss

can be placed at 1735

₹�2390 • Reliance Ind. S1 S2 R1 R2 COMMENT

2350 2320 2410 2435 Resistance ahead. Go short with a

stop­loss at 2430 if RIL reverses

lower from 2410.

DAY TRADING GUIDE

Nifty 50 Movers H 114.45 pts.Close(₹�) Pts PE Wt(%)

HDFC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 2453.95. . . . . . . . . . 7.10. . . . . . . . . 19.45 . . . . . . . . 5.94Kotak Bank . . . . . . . . . . . . . . . . . . . . . . . . . .. . 1841.75. . . . . . . . . . 4.92. . . . . . . . . 33.87 . . . . . . . . 3.62Infosys . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 1734.35. . . . . . . . . . 3.10. . . . . . . . . 34.33 . . . . . . . . 8.61M&M . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 853.25. . . . . . . . . . 2.66. . . . . . . . . 16.89 . . . . . . . . 1.09Bajaj Finserv . . . . . . . . . . . . . . . . . . . . . . . .16189.45. . . . . . . . . . 2.45. . . . . . . . . 34.24 . . . . . . . . 1.31Hindalco . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 516.20. . . . . . . . . . 1.40. . . . . . . . . . . 9.44 . . . . . . . . 1.01ONGC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 164.95. . . . . . . . . . 1.29. . . . . . . . . . . 4.31 . . . . . . . . 0.81Eicher Motors . . . . . . . . . . . . . . . . . . . . . .. . 2725.50. . . . . . . . . . 0.85. . . . . . . . . 46.79 . . . . . . . . 0.51Cipla . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 913.40. . . . . . . . . . 0.73. . . . . . . . . 28.48 . . . . . . . . 0.63Bajaj Auto . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 3600.70. . . . . . . . . . 0.63. . . . . . . . . 16.83 . . . . . . . . 0.63Hero MotoCorp. . . . . . . . . . . . . . . . . . . .. . 2731.00. . . . . . . . . . 0.52. . . . . . . . . 21.04 . . . . . . . . 0.47Sun Pharma . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 845.80. . . . . . . . . . 0.48. . . . . . . . . 31.42 . . . . . . . . 1.22Britannia Ind. . . . . . . . . . . . . . . . . . . . . . . .. . 3489.75. . . . . . . . . . 0.39. . . . . . . . . 56.11 . . . . . . . . 0.55Maurti Suzuki . . . . . . . . . . . . . . . . . . . . . .. . 8622.80. . . . . . . . . . 0.31. . . . . . . . . 80.28 . . . . . . . . 1.53Bajaj Finance . . . . . . . . . . . . . . . . . . . . . . .. . 7011.35. . . . . . . . . . 0.30. . . . . . . . . 71.06 . . . . . . . . 2.49TataConsumerProducts Ltd.. . . . 715.20. . . . . . . . . . 0.27. . . . . . . . . 77.50 . . . . . . . . 0.57NTPC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 132.10. . . . . . . . . . 0.16. . . . . . . . . . . 7.81 . . . . . . . . 0.84Nestle India Ltd. . . . . . . . . . . . . . . . . . .18111.00. . . . . . . . . . 0.04. . . . . . . . . 81.41 . . . . . . . . 0.86PowerGrid Corp . . . . . . . . . . . . . . . . . . .. . . . 198.15. . . . . . . . . . 0.00. . . . . . . . . . . 8.54 . . . . . . . . 0.91JSW Steel . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 622.00. . . . . . . . ­0.25. . . . . . . . . . . 6.90 . . . . . . . . 0.83Titan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 2450.10. . . . . . . . ­0.41. . . . . . . . . 97.15 . . . . . . . . 1.37Coal India . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 159.90. . . . . . . . ­0.62. . . . . . . . . . . 6.46 . . . . . . . . 0.45Grasim Ind . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 1684.15. . . . . . . . ­0.71. . . . . . . . . 11.51 . . . . . . . . 0.85Tech Mahindra. . . . . . . . . . . . . . . . . . . . .. . 1412.55. . . . . . . . ­0.80. . . . . . . . . 26.73 . . . . . . . . 1.17Shree Cement. . . . . . . . . . . . . . . . . . . . . .24393.70. . . . . . . . ­0.87. . . . . . . . . 35.53 . . . . . . . . 0.44Adani Ports . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 705.55. . . . . . . . ­0.93. . . . . . . . . 28.19 . . . . . . . . 0.69Divis Lab . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 4224.80. . . . . . . . ­0.98. . . . . . . . . 43.68 . . . . . . . . 0.72Indian OilCorp . . . . . . . . . . . . . . . . . . . . .. . . . 117.10. . . . . . . . ­1.22. . . . . . . . . . . 3.97 . . . . . . . . 0.40UPL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 693.35. . . . . . . . ­1.36. . . . . . . . . 13.04 . . . . . . . . 0.51UltraTech Cement. . . . . . . . . . . . . . . .. . 6749.55. . . . . . . . ­1.69. . . . . . . . . 30.00 . . . . . . . . 1.04HDFC Life . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 572.75. . . . . . . . ­1.97. . . . . . . 101.75 . . . . . . . . 0.71IndusInd Bank . . . . . . . . . . . . . . . . . . . . .. . . . 939.10. . . . . . . . ­1.99. . . . . . . . . 16.80 . . . . . . . . 0.82Dr Reddys Lab . . . . . . . . . . . . . . . . . . . . .. . 4218.50. . . . . . . . ­2.22. . . . . . . . . 26.56 . . . . . . . . 0.69Wipro . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 564.15. . . . . . . . ­2.25. . . . . . . . . 25.50 . . . . . . . . 1.12Asian Paints. . . . . . . . . . . . . . . . . . . . . . . . .. . 3227.15. . . . . . . . ­2.53. . . . . . . 100.48 . . . . . . . . 1.95BPCL. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 355.30. . . . . . . . ­2.94. . . . . . . . . . . 3.95 . . . . . . . . 0.45SBI Life . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 1100.95. . . . . . . . ­3.40. . . . . . . . . 80.60 . . . . . . . . 0.65HCL Tech . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 1149.55. . . . . . . . ­3.77. . . . . . . . . 28.27 . . . . . . . . 1.67ICICI Bank . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 751.30. . . . . . . . ­5.00. . . . . . . . . 21.88 . . . . . . . . 6.98Hind Unilever. . . . . . . . . . . . . . . . . . . . . . .. . 2269.95. . . . . . . . ­5.08. . . . . . . . . 60.79 . . . . . . . . 2.71L&T . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 1844.45. . . . . . . . ­5.39. . . . . . . . . 25.65 . . . . . . . . 2.98Axis Bank. . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 779.15. . . . . . . . ­5.72. . . . . . . . . 18.78 . . . . . . . . 2.69Bharti Airtel. . . . . . . . . . . . . . . . . . . . . . . . .. . . . 699.25. . . . . . . . ­5.78. . . . . . . . . 62.94 . . . . . . . . 2.21ITC . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 214.85. . . . . . . . ­6.31. . . . . . . . . 17.58 . . . . . . . . 2.52Tata Motors . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 478.25. . . . . . . . ­6.65. . . . . . . . . . . 0.00 . . . . . . . . 1.15Tata Steel . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 1138.70. . . . . . . . ­7.84. . . . . . . . . . . 3.56 . . . . . . . . 1.21Reliance Ind. . . . . . . . . . . . . . . . . . . . . . . . .. . 2389.00. . . . . . . . ­8.60. . . . . . . . . 24.92 . . . . . . 11.03HDFC Bank . . . . . . . . . . . . . . . . . . . . . . . . . .. . 1510.70. . . . . . ­11.42. . . . . . . . . 23.18 . . . . . . . . 8.85State Bank . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 498.40. . . . . . ­11.81. . . . . . . . . 13.28 . . . . . . . . 2.56TCS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . 3586.40. . . . . . ­31.52. . . . . . . . . 35.12 . . . . . . . . 4.97

Pts: Impact on index movement

OUR BUREAU

Mumbai, February 22

ITI  Mutual  Fund  has  announcedthe launch of the ‘ITI ConservativeHybrid Fund.’ It is an open­endedhybrid scheme investing predom­inantly  in  debt  instruments.  Thenew  fund  off�er  (NFO),  whichopened on February 21, will closeon March 7. 

The fund will invest in an arrayof  high­quality  debt  instrumentsand also in leading Nifty50 Indexstocks.  It  will  be  managed  byVikrant  Mehta  and  PradeepGokhale.

“The fund seeks to generate reg­ular income through investmentsin  debt  &  money  market  instru­ments, along with capital appreci­ation through limited exposure toequity  and  equity­related  instru­ments. However, there can be noassurance that the investment ob­jective of the scheme will be real­ised,” ITI Mutual Fund said in an of­fi�cial  release.  The  minimuminvestment  required  is  ₹�5,000and in multiples of ₹�1 thereafter.

George Heber Joseph, Chief Ex­

ecutive  Offi�cer  and  Chief  Invest­ment  Offi�cer,  ITI  Mutual  Fund,said, “We are quite thrilled to off�erITI Conservative Hybrid Fund to in­vestors and we believe it has a veryhigh  potential  to  attract  moneyfrom investors who are predomin­antly investing in traditional sav­ings products.”

The fund will have a minimum75  per  cent  of  exposure  towardshigh­quality  debt  securities  andthe remaining balance will be in­vested in equity and equity­relatedinstruments  of  companies  be­longing  to  Nifty50  Index,  Josephsaid. 

The equity exposure of the fundwill range between 10 per cent and25  per  cent  of  the  assets  undermanagement  (AUM)  and  will  bedynamically managed.

This  is  the  16th  fund  beinglaunched by the ITI AMC during itsover two years of journey. 

Present AUMThe  current  AUM of  the  fundhouse stands at ₹�2,661 crore as onJanuary  31,  2022.  Out  of  the  totalAUM,  Equity  AUM  accounted  for₹�1,869 crore while hybrid and debtschemes accounted for ₹�580 croreand ₹�212 crore, respectively. 

ITI Mutual Fund unveilsConservative Hybrid Fund New fund offer willclose on March 7

AKHIL NALLAMUTHU 

BL Research Bureau

With all the geopolitical tensionssurrounding  Russia  and  Ukraineone would expect the rupee (INR)to have taken a bad hit. Normally,one  would  be  looking  at  havenslike dollar (USD) and gold duringsuch  uncertainties.  But  interest­ingly,  the  Indian  currency  hasgained  over  the  past  week.  Al­though INR depreciated by nearly0.5 per cent on Tuesday, closing at74.8750  against  USD,  it  is  up  byabout  0.6  per  cent  compared  to75.3375 exactly a week back.

Market  experts  are  citing  thepotential  LIC  initial  public  off�er­ing  (IPO),  which  is  expected  tocome  in  mid­March,  as  a  reasonwhich  is  drawing  good  infl�owsinto the country. But the gain maybe  limited  as  the  possibility  ofwild  swing  in  either  direction  isexpected  to  get  the  attention  ofthe  Reserve  Bank  of  India.  Inter­estingly, RBI has announced a two­

year sell/buy US dollar/rupee swapauction worth $5 billion on March8.  Therefore,  the  upside  for  thelocal unit might be constrained.

What the charts sayThe  rupee  rallied  over  the  pastweek  and  went  above  the  keylevels of 75. But it gave back someof the gains on Tuesday as it faces acritical resistance at 74.50. As suchthe rupee will have to break above74.50  in  order  to  strengthen  fur­ther  towards  74  going  forward.Above this 73.75 isa considerablehurdle.

For  now,  theresistance  at74.50  has  heldvery  well  and  therupee  has  re­versed  lower  onTuesday.  The  currency  can  slipback to 75. A fall below this coulddrag  it  to  75.25  and  possibly  to75.50.

The dollar index (DXY) has beenfl�at over the past week. It has beenmoving in the tight range of 95.70and 96.25 of late. There is no cleardirection for the DXY consideringthe  prevailing  price  action.  Onewill have to wait to get a clue on

the  next  swing  in  price.  Supportbelow  95.70  is  at  95.20  whereasresistance above 96.25 is at 96.70.

Resistance aheadWhile  the  rupee  has  beenstrengthening over the past week,it is hard for it to repeat a rally oflast  week  as  it  faces  a  resistance.Also,  the  worsening  situation  atRussia­Ukraine  border  couldweigh  on  the  rupee.  So,  rupeebulls should be cautious. 

Last  week,  we  had  recommen­ded rupee short at75.33  and  75  withstop­loss  at  74.75.This  would  haveresulted  in  lossfor traders. 

Going  ahead,we  are  still  notvery  bullish  on

the domestic currency and the ap­preciation  from  here  could  belimited.  Nevertheless,  consider­ing  the  uncertainties,  we  wouldask traders to stay away now.

One  can  consider  fresh  shortwhen INR rallies to 74.20 and addmore  shorts  on  a  rally  to  73.80.Place stop­loss at 73.60. When INRrise past 75, shift the stop­loss to74.50. Exit the shorts at 75.50.

WEEKLY RUPEE VIEW

Rally in rupee runs into a wall Developments on Russia-Ukrainetensions need a close watch

PRESS TRUST OF INDIA

New Delhi, February 22

Societe Generale on Tuesday off�­loaded shares of Housing Devel­opment  Finance  Corp  (HDFC)worth  nearly  ₹�1,730  crorethrough  an  open  markettransaction.

As per block deal data on BSE,Societe  Generale  sold  nearly  71lakh shares at an average price of₹�2,436.8 apiece.

The  total  deal  value  stood  at₹�1,729.67 crore.

Through  a  separate  transac­tion,  BNP  Paribas  Arbitragebought  shares  of  HDFC  at  thesame price.

On BSE, shares of HDFC closedmarginally  higher  at  ₹�2,454.05apiece. 

Societe Generalesells HDFC sharesworth ₹�1,730 crore

................CMYK

CHENNAI

BusinessLine 7WEDNESDAY • FEBRUARY 23 • 2022

At a time when eco-nomies across theglobe were reelingunder impact of

COVID-19 pandemic,Odisha appeared to be anexception with the Statemanaging to attractmassive investment pro-posals to the tune of Rs.2,70,000 crore in a year.

The  phase  saw  nationaland  international  entitiesqueuing up with investmentproposals  to  the  tune  of  Rs.2,70,000  crore,  which  wouldcreate  potential  employ­ment  opportunities  for  over77,000  persons.

In the month of Decemberlast  year,  the  biggest  of  allsteel  projects  of  the  countrywas  proposed  in  State.

The  Odisha’s  High­LevelClearance  Authority  chairedby  Chief  Minister  NaveenPatnaik  approved  ArcelorMittal  Nippon  Steel’s  pro­posal to set up a 24 MTPA in­tegrated  Steel  plant  at  an  es­timated  investment  of  Rs.1,02,275  crore,  generatingemployment  opportunitiesto 16,000 persons  in Kendra­para  district  in  the  State.

“It  is  the  largest  project  inmanufacturing  sector  in  thecountry.  At  its  Kendraparacomplex,  AMNS  will  produce24  MT  of  various  grades  ofsteel  with  its  latest  greensteel  making  technology.  Itwill  also  produce  high  valueadded  Steel  downstreamproducts.  This  facility  willalso  produce  18.75  MT  of  ce­

ment  annually,  making  itone  of  the  largest  cementmanufacturing  plants  in  thecountry  and  will  boost  theinfrastructure  developmentin  the  region,”  said  thecompany.

According  to  governmentsources,  along  with  the  steelcomplex,  the  company  alsoproposed to develop a down­stream  industry  park  to  pro­mote  the  MSMEs  and  helpimport  substitution.  A  largenumber  of  ancillary  manu­facturing  companies  are  ex­pected  to  put  up  their  unitsin this region to support thehuge  steel  making  facility.

The  project  is  expected  totrigger  an  infrastructureboom  along  with  logistics

and  overall  development  ofthe  region.

“This  modern,  green  andenvironment  friendly  steelmaking  facility  will  putKendrapara  and  Odisha  on

the  world  steel  map.  A  num­ber  of  international  equip­ment  manufacturers  will  bestakeholders  in  this  projectand  catalyse  more  employ­ment  opportunities  to  theState,”  the  AMNS  said.

In order to ensure smoothestablishment  of  the  projectin seven years, a ‘High PowerCommittee’  chaired  by  ChiefSecretary,  Odisha  has  beenconstituted  to  ensure  seam­less clearances for logistic in­frastructure,  power  and  wa­ter  utilities.

In  the  neighbouring  dis­trict of Jagatsingpur, the JSWgroup has proposed to estab­lish  13.2  million  tonne  perannum (MTPA) capacity steelplant  at  an  estimated  invest­

ment  of  around  Rs.  55,000crore on land which was pre­viously  acquired  for  steelproject of South Korean steelmajor,  POSCO.

Apart  from  the  steel  pro­

ject,  a  900  MW  captivepower  plant  and  a  10  MPTAcement grinding and mixingunit  are  also  proposed  to  beset  up  near  the  villages  ofDhinkia,  Govindpur,Nuagaon,  Bayanala  Kanda,Polanga  and  Jatadhar  underErsama  Tahsil  in  Jag­atsinghpur  district.

Earlier,  the  HLCA  had  is­sued in­principle approval tofi�ve major industrial projectsto  the  tune  of  Rs.  1,46,172crores  in  the  sector  of  metaland  metal  downstream.These fi�ve industrial projectsare  further  expected  to  cre­ate  26,959  employment  op­portunities  in  the  state.

Expansion  of  Jindal  Steeland  Power  Limited’s  (JSPL)  6MTPA  existing  Integratedsteel  plant  from  the  pro­posed capacity enhancementfrom  18.6  MTPA  to  25.2  MTPAagainst  an  investment  of  Rs24,652  crore  to  be  set  up  inAngul,  which  will  generatepotential  employment  op­portunities  for  over  1,000persons. This investment willtake  JSPL’s  total  investmentto massive Rs. 1,00,670 crore.

In  the  same  meeting,  ex­pansion  of  Bhushan  Powerand  Steel  Limited’s  integ­rated  steel  plant  from  5MMTPA  to  15  MMTPA  againstan  investment  of  Rs.  55,000crore  to  be  set  up  in  Rengaliwas  given  go  ahead  in  Sam­balpur  district  which  willgenerate  potential  employ­ment  opportunities  for  over10,000  persons.  The  Tata

Steel  Limited  too  pitched  inwith  proposal  of  augment­ing  crude  steel  productionfrom  3  MTPA  to  8  MTPA,  Hotrolled  coil  from  3  MTPA  to  7MTPA,  2.2  MTPA  cold­rolledproducts  and  2  MTPA  longproducts  against  an  invest­ment  of  INR  47,599  crore  tobe  set  up  in  Kalinga  Nagar,Jajpur,  which  will  generatepotential  employment  op­portunities  for  over  4,625persons.

Following  several  propos­als  of  greenfi�eld  and  brown­fi�eld  projects,  Odisha  is  setachieve  100  MT  steel­makingcapacity  by  2030.

It  may  be  noted  thatOdisha has been consistentlyadding  steel  manufacturingcapacity,  which  has  gone  upfrom  2  MT  in  the  year  2000to  20  MT  in  the  year  2020.Several  steel  and  down­stream  industries  arealready  in  various  stages  ofimplementation.

“Odisha  has  been  march­ing  ahead  on  the  path  of  in­dustrial  developmentpowered  by  the  metals  andmineral  sector.  We  have  con­sistently  been  rankedamongst  the  top  States  interms  of  live  manufacturinginvestments  in  India,”  saidOdisha  CM.

“Odisha  is  fast  emergingas the manufacturing hub ofEastern  India’.  Our  Govern­ment’s  progressive  policyframework  and  regulatoryenvironment  has  enabledthe  rapid  growth  of  indus­

tries  in  the  State.  The  imple­mentation  of  ease  of  doingbusiness  reforms  and  facilit­ation provided by various de­partments have ensured that

businesses  continue  to  growin the State,” said Odisha CMsaid.

“Our  industries  have  beenactively  partnering  withState  government  not  onlyin  economic  development,but  also  in  discharging  so­cial  responsibility.  Our  Gov­ernment  has  been  focusingon  skilling  the  youth  ofOdisha  to  make  them  in­dustry­ready  and  many  in­dustries  have  come  forwardto participate in our skill de­velopment  initiatives,”  hesaid.

“We  have  always  en­deavored to provide a hassle­free  and  smooth  doing  busi­ness  environment  for  the  in­vestors  in  Odisha.  Even  inthese  diffi�cult  times  of

COVID­19,  the  State  has  at­tracted  major  investmentsand  continues  to  enjoy  thetrust  of  investors,”  he  said.

In  the  month  of  Decem­

ber,  the  State  Level  SingleWindow Clearance Authoritychaired  by  Chief  Secretaryapproved  seven  investmentproposals  worth  Rs  511.19crore,  generating  employ­ment  opportunities  for  over6,402  persons  in  the  state.

The  SLSWCA  had  given  itsa nod  to  Ambattur  Fashionsto set up a Men’s & Women’sapparel  manufacturing  unitat  Chandaka  in  Khorda  dis­trict  against  an  investmentof  Rs  51  crore,  which  willgenerate  employment  op­portunities  for  over  4,700persons.

Besides,  the  committeehas approved another textileunit  by  the  Wild  Lotus  Fash­ions  to  set  up  a  GarmentManufacturing  unit  at  the

Chhatabar  Industrial  Estate,at an investment of Rs. 52.62crore,  which  will  generateemployment  opportunitiesfor  over  560  persons.

While  the  Odisha  is  on  itsway  to  become  one  of  themost  industrialised  States  inthe  eastern  part  of  India,Paradip  Port  Trust  (PPT),  amajor  port  of  the  country,achieved  yet  another  100Million Metric Tonnes (MMT)of  cargo  handling  fi�fth  yearin  row.

“Despite  COVID­19  crisisand  huge  shortfall  in  ironore  exports,  it  once  again  re­peated  the  feat  by  crossingthe 100 MMT mark in succes­sion  and  achieved  cargothroughput  of  100.04  MMT.Notably, last year the covetedmark  of  100  MMT  wasachieved  in  February,”  saidthe  PPT  in  a  statement.

“In  spite  of  shortfall  ofiron  ore  and  pellet  ship­ments  by  30.24%,  PPT  couldachieve  36.86%  growth  incoastal  shipping  of  coal  byshowing  better  effi�ciencyand  that  too  in  three  daysbefore,  in  comparison  to  thelast  fi�scal,”  said  P.L.  Har­anadh,  PPT  Chairman.

Of  late,  Odisha  has  givenemphasis  on  addressingproblems  being  faced  by  in­dustries.  Under  ‘IndustryCare’  programme,  the  gov­ernment has solved issues ofmore  than  42  large­scale  in­dustries  and  50  MSME  unitsoperating  in  Angul  andDhenkanal.

Odisha witnessing a massive industrial boom,marching ahead of others

A Space Marketing Feature

OUR BUREAU

New Delhi, February 22

Pesticides  manufacturerDhanuka  Agritech  hassigned  a  memorandum  ofunderstanding  (MoU)  withHaryana’s  Karnal­based  Ma­harana  Pratap  HorticulturalUniversity to jointly conductresearch  in  crop  protectionchemicals  and  to  promotemodern  technology  in  theagriculture sector.

The MoU was signed by theUniversity’s  Vice­ChancellorSamar  Singh  and  A  S  Tomar,vice­president,  Dhanuka  Ag­ritech,  on  Tuesday,  the  com­pany said in a statement.

Through  this  partnership,Dhanuka  Agritech  and  theUniversity  aim  to  boostfarmers’  income  by  improv­ing  crop  productivity.  Theywill  jointly  organise  aware­ness  programmes  for  carry­ing  out  agri  extension  ser­

vices.  Farmers  will  beencouraged  to  use  modernagriculture  technologiessuch as drone artifi�cial  intel­ligence  (AI)  and  precisionagriculture.

“There  is  utmost  need  toundertake  more  researchand  development  initiativesin  agriculture  and  the  tie­upwith an institution like MHUwill  help  us  promote  re­search  activities  in  agricul­ture  and  allied  activities,”said Tomar.

“There  is  a  great  need  forcollaboration  between  aca­demic  research  institutions

and  companies  of  reputewho  are  keen  to  promote  re­search  and  developmentactivities in various areas, in­cluding  agriculture  and  al­lied  activities,”  Singh  saidand  exuded  confi�dence  thatthe  tie­up  will  help  encour­age  more  students  to  under­take research.

To conduct trials The  university  will  conductdemonstration/adaptive  tri­als  of  new  molecules/products  of  Dhanuka  Ag­ritech  at  its  farms  as  well  asfarmers’  fi�elds  and  will  con­sider  the  inclusion  of  thefi�ndings  (active  ingredientonly) into practices, the com­pany  said.  Dhanuka  will  alsosponsor  bio­effi�cacy  andphyto­toxicity projects of theuniversity  for  managing  in­sects  and  pests  throughdrone application.

Dhanuka group signs MoU withKarnal varsity to promote drones

OUR BUREAU

Mangaluru, February 22

The  Solvent  Extractors’  Associ­ation of India (SEA) has said thereduction  in  eff�ective  importduty on CPO (crude palm oil) isnot enough. 

In a letter to the members ofSEA on Tuesday, Atul Chaturvedi,President of SEA, said the UnionFinance  Ministry  reduced  theAgriculture  Infrastructure  andDevelopment Cess on imports ofCPO  to  5  per  cent  from  7.5  percent  with  eff�ect  from  February13, based on the pleas of SEA. Thishelped increase the duty diff�er­ential between CPO and RBD oilsto 8.25 per cent from the earlier5.5 per cent.

Concerns conveyed to MinisterHe  said:  “This  could  provide  aminor relief to the beleagueredrefi�ning  industry,  but  notenough. The association is pur­suing larger duty diff�erence and

placing RBD oils under ‘negativelist’.” 

He  said  in  the  post­Budgetmeeting with Union Commerceand Food Minister Piyush Goyal,former  SEA  president,  OPGoenka,  had  conveyed  the  direfi�nancial  situation  of  the  do­mestic refi�ning industry to theminister. He had urged creatinga duty diff�erential of 11 per centbetween CPO and refi�ned palmoils, and sought to place RBD pal­molein and RBD palm oil under“negative  list’”  to  save  the  do­mestic industry from ruin.

In the letter, Chaturvedi said it

was expected by the authoritiesthat  reduction  in  import  dutyon  RBD  palmolein  and  on  RBDpalm  oil  would  make  availablethe fi�nished product at a lowerrate to the consumers. 

“However  in  the  last  twomonths,  the  prices  of  refi�nedpalmolein  in  the  country  haverather gone up by more than 10per  cent,  with  exporting  coun­tries taking advantage of the In­dian  situation.  This  clearlyshows  that  encouraging  fi�n­ished goods import is not onlydetrimental  to  our  local  in­dustry but does not help the con­sumer as well,” Chaturvedi said. 

He  said  25  per  cent  of  palmproducts  imported  are  pal­molein. “We fear this percentagewill go up dramatically in com­ing months if no remedial meas­ures are not put in place. Need­less  to  say  this  will  seriouslyaff�ect the health of our palm re­fi�ning industry,” he said.

Effective import duty cut oncrude palm oil not enough: SEA

................CMYK

CHENNAI

8 BusinessLine WEDNESDAY • FEBRUARY 23 • 2022COMMODITIES/AGRI-BUSINESS

OUR BUREAU

Bengaluru, February 22

Godrej  Agrovet  Ltd  (GAVL)has announced the launch ofGracia,  an  insecticide  thathelps  control  chewing  andsucking  pests  in  a  variety  ofpulses  and  vegetable  crops.The  company  believes  theproduct will help strengthenits  presence  in  the  insect­icides market. 

Gracia  (fl�uxametamide,  anisoxazoline  compound)  is  awide­spectrum  product  dis­covered  and  developed  byNissan  Chemical  Corpora­tion Japan, which is being in­troduced  in  the  market  incollaboration with GAVL.

Godrej said Gracia exhibitsexcellent  control  of  chewingand  sucking  pests  such  aslarva,  caterpillars  and  thripsin farms producing a varietyof  pulses,  hot  pepper,  colecrops,  tomato,  brinjal  andokra.  It  also  has  an  excellent

safety  profi�le  when  it  comesto  mammals  and  benefi�cialinsects,  the  company  said  ina statement.

“As  part  of  our  overallcommitment  to  doublingfarmers’  income,  we  have  al­ways  introduced  interven­tions  that  are  suited  for  theIndian  markets  and  farmers.After  Hanabi,  Gracia  is  thesecond  product  from  NissanChemicals  which  we  are  in­troducing  in  the  country,”

Balram  Singh  Yadav,  Man­aging  Director,  GodrejAgrovet Ltd, said. 

“The  Indian  crop  protec­tion  market  is  estimated  tobe  around  ₹�25,000  crore,  ofwhich  insecticides  contrib­ute 39 per cent. The launch ofGracia  will  strengthen  ourpresence  in  this  particularsub­segment  that’s  estim­ated  to  be  a ₹�1,500­croremarket  opportunity,”  Yadavsaid. 

GAVL  had  launched  Nis­san’s  Hanabi,  a  miticide,  in2019.  “Gracia  is  a  quick  ac­tion,  broad  spectrum  insect­icide  that  will  strengthenour  leadership  in  the  cropprotection  market,”  saidRakesh Dogra, CEO, Crop Pro­tection Business, GAVL.

Raj  Kumar  Yadav,  MD,  Nis­san  Chemical  Corporation(India),  said,  “We  are  confi�d­ent  that  like  Hanabi,  Graciawill also fi�nd wide adoption.“

Balram Singh Yadav, MD,

Godrej Agrovet

Godrej Agrovet launches insecticide‘Gracia’ for pulses, vegetable crops

RADHESHYAM JADHAV

Pune, February 22

Sugar  industry  experts  andfarmer organisations  are  di­vided  on  their  interpretationof  the  Maharashtra  govern­ment’s  order  on  Fair  and  Re­munerative Price (FRP) to sug­arcane  farmers,  issued  onMonday. 

The  State  government  is­sued  a  resolution  applicablefor the current and future sug­arcane crushing seasons, stat­ing that sugar mills must con­sider  the  recovery  of  theongoing sugar season while fi�­nalising the FRP. 

As per the current practice,FRP  paid  in  the  ongoing  sea­son  is  based  on  the  recoveryrate  achieved  by  mills  in  thelast  season.  Last  season’s  re­covery  rate  is  considered  be­cause, at the beginning of thesugar  season,  mills  have  no

clear  idea about the sugar re­covery  they  might  get  aftercrushing the cane during theongoing season.  

However,  the  governmenthas  now  fi�nalised  recoveryrates  of  a  minimum  10  percent  for  Pune  and  Nashik  re­gions and 9.50 per cent for theAurangabad,  Amravati  andNagpur regions.  

The  recovery  rates  will  bethe  base  for  the  payment  of“initial minimum FRP” for thesugarcane crushed. 

After  the  crushing  seasonends,  the  mills  must  fi�nalise“the  fi�nal  instalment  of  theFRP”  within  15  days  based  onthe  fi�nal  recovery  rate  in  thecurrent sugar season and paythe “diff�erence” to farmers.    

The  fi�nal  FRP  will  be  calcu­lated based on the fi�nal recov­ery, reduction in the recoveryrate because of use, and sale of

sugar syrup, juice and B heavymolasses. 

Why this decision? Sugar  (control)  Order  1966makes a provision of FRP andthe  Union  Government  usedto  issue  a  notifi�cation  on  theFRP  for  the  season  at  the  be­ginning of every sugar season. 

By its 2020 notifi�cation, theUnion  Government  author­ised  States  to  announce  the

FRP.  In  2021,  the  Maharashtragovernment appointed a com­mittee to study the FRP policy.Based  on  the  committee’s  re­commendation  and  sugges­tions given by the Sugar Con­trol  Board,  the  Stategovernment  decided  on  thenew FRP policy.   

Industry and farmers splitBB  Thombare,  President  ofWest  Indian  Sugar  Mills  Asso­

ciation  (WISMA),  told  Busi-

nessLine that the new order bythe  Maharashtra  governmentis not about splitting FRP intotwo instalments. “The FRP willbe paid in one instalment as itis  being  paid  now.  But  thepremium  will  be  paid  onlyafter the end of the sugar sea­son  based  on  the  fi�nal  recov­ery,” he said.   

Former  MP  and  Swabhi­mani  Shetkari  Sanghatanaleader  Raju  Shetti  said  theState  government  and,  espe­cially,  Sharad  Pawar’s  Nation­alist Congress Party (NCP), areplaying with words. 

“From  where  this  idea  ofpremium  has  arrived?  Andwho  had  demanded  this  newsystem?” wondered Shetti. 

“The government must con­tinue  the  current  FRP  systemand pay FRP in one instalment.In  the  name  of  premium,sugar mill owners want to usefarmers’ money for eight­ninemonths. We will not allow thisto happen,” he said.       

Will the payment be made in two instalments

or is it a case of premium being paid later?

As per the current practice, FRP paid in the ongoing season is based

on the recovery rate achieved by the mills last season

‘Maha’ confusion over cane FRP payment order

SUBRAMANI RA MANCOMBU

Chennai, February 22

Iron  ore  prices  are  likely  togain  this  year  on  renewedChinese  demand —  which  isexpected  to  stay  strong  untilnext  year —  and  lack  of  anysignifi�cant  rise  in  supplygrowth.

US­based  Fitch  SolutionsCountry  Risk  and  IndustryResearch  (FSCRIR)  said  ironore prices, which had been ona  southward­bound  journeysince  July  10  after  touching$220.1  a  tonne,  reversedcourse  in  December  to  em­bark on an uptrend. 

Chinese  demand  is  expec­ted  to  remain  strong  untilnext  year  as  Beijing  has  re­newed  its  stimulus  packagefor  the  infrastructure  sectorin  the  face  of  slowing  eco­nomic growth. 

Contrasting view “On  the  supply  side,  we  donot expect any signifi�cant in­

crease  in  iron  ore  supplyfrom  major  producers  whowill  place  an  emphasis  onvalue  over  volume  in  2022,and this is added to high sup­ply  risks  over  weather  issuesand continued Covid­19 oper­ational  disruptions,”  the  re­search agency said.

Last  week,  Huw  McKay,Vice­President,  Market  Ana­lysis  and  Economics,  of  Aus­tralian mining fi�rm BHP, hada contrasting view that therewas  surplus  iron  ore  in  thesecond  half  of  2021,  and,  onbalance, it is likely to remainin that state this year too.

But Fitch Solutions is a tadbullish  on  its  views,  raisingits  iron ore price  forecast  for2022 and 2023 to $120 a tonneand  $110  from  its  earlier  pro­jections  of  $90  and  $75,respectively. 

On  Tuesday,  the  mosttraded  May  futures  on  theDalian Commodity Exchangewas  quoted  a  tad  lower  at

684.5  Chinese  yuan  a  tonne($107.93).  Currently,  iron  oredelivered  at  Tianjin  port  isquoted at $141.11 a tonne costand freight.

Chinese crackdownIron  ore  prices  have  gainedover  25  per  cent  or  nearly  28per cent since the beginningof this year. 

Fitch  Solutions  cited  con­tinued  supply  constraintsfrom mining fi�rms, especiallyVale and Rio Tinto, whose pro­duction  fell  short  of  guid­ance,  as  a  reason  for  the  risein prices, which were furtherboosted  by  the  Chinesedemand.

Earlier  this  month,  asprices  rose  to  near  $150,  the

Chinese government crackeddown  on  speculative  trade,leading to a fall in the prices.China’s  National  Develop­ment  and  Reform  Commis­sion  (NDRC)  said  it  wouldsend  investigation  teams  tothe  commodity  exchangeand key port to look into ironore  inventories  and  tradingin  the  spot  and  futuresmarkets. 

This  was  followed  by  theDalian  exchange  doublingtransaction  fees  for  someiron  ore  futures  contractsfrom February 16.

McKay also concurred withthe view that NDRC “rhetoric”has  led  to  prices  easing  cur­rently.  But  Fitch  Solutionssaid  the  fall  in  prices  wit­nessed  currently  istemporary. 

Fitch  Solutions  pointed  tothe  Chinese  government  an­nouncement  on  January  25that Beijing will set a reason­able  annual  quota  for  localgovernment  bonds  to  boostinfrastructure  investment  in2022, which will support ironore demand and prices. 

Beijing looking to increase financial

support for its economy this year

Renewed Chinese demand likely to buoy iron ore

Iron ore prices have gained 28%

since the start of this year

OUR BUREAU

Bengaluru, February 22

Krishify,  the  social  networkfor  farmers  and  rural  com­munities,  announced  onTuesday  that  it  has  closed$6.2  million  in  Pre­Series  Afunding  with  additionalparticipation  from  Omni­vore,  alongside  existing  in­vestors  Ankur  Capital,  Om­idyar  Network  India,  andOrios  Venture  Partners.Krishify  had  already  raised$2.7  million  in  August  2021,and  has  now  closed  the  Pre­Series A round with an addi­tional  $3.5  million  infunding.

With  over  6.5  milliondownloads  and  1.3  millionmonthly  active  users,  Krish­ify  is  India’s  largest  socialnetwork  for  farmers  andrural  communities.  Foun­ded  in  2019,  Krishify  is

building  an  India  “agri­verse”,  where  farmers,  ruralfamilies,  retailers,  traders,and agribusiness companiescan  seamlessly  discover,  in­teract,  and  transact  amongthemselves.  Leveraging  ma­chine  learning,  AI,  and  NLP,Krishify’s  app  delivershighly  personalisedexperiences  to  agri­verse participants.

Krishify plans to usethis round for acceler­ating  pan­Indiagrowth and to furtherrefi�ne  the  technologyfor  an  enhanced  userexperience  in  the  agriverse.It  is  also  accelerating  mon­etisation on the network viaadvertising,  lead  genera­tion, and marketing servicesfor  companies  targetingrural consumers.

Farmer-centric networkRajesh  Ranjan,  Co­Founderof  Krishify,  said,  “We  are  ex­cited  to  partner  with  Omni­vore in our journey to buildIndia’s  agriverse.  More  andmore  Indian  farmers  areconnecting  via  Krishify

every  day,  as  the  networkbreaks  down  geographicbarriers  and  helps  peopleinteract  to  access  know­ledge  and  do  business.  Werecently  met  a  third­genera­tion  guava  farmer  in  Ra­jasthan  who  was  selling  re­cord  numbers  of  guava

saplings  to  farmersacross  Bihar,  MadhyaPradesh,  and  Maha­rashtra  who  couldhave  been  discoveredonly  through  theKrishify app.”

Mark  Kahn,  Man­aging  Partner  at  Om­

nivore,  said  the  risingsmartphone  penetration  inrural  India  has  created  anopportunity  to  build  afarmer­centric  social  net­work  for  India’s  130  millioncultivators  and  their  famil­ies,  a  total  population  ofover 600 million. 

“Krishify is building a con­tent­centric  agriverse  tohelp farmers and rural com­munities realise greater suc­cess  and  joy  through  peer­to­peer  engagement,”  Kahnsaid.

Krishify raises $6.2 m Pre-Series A funding India’s largest social

network for farmers

plans to use

proceeds to sped up

pan-India growth

OUR BUREAU

Kochi, February 22

India  has  been  unanimouslyelected for  the  new  Chairman­ship of the International RubberStudy  Group  (IRSG).  IRSG  is  theinter­governmental  organisa­tion of natural rubber (NR) andsynthetic rubber (SR) producingand consuming countries. 

Head of the Indian delegationto  IRSG,  and  Executive  Directorof  Indian  Rubber  Board,  KNRaghavan,  will  offi�ciate  as  theChairman  of  IRSG for  the  nexttwo years.

The group was formed in theyear  1944  with  Singapore  asheadquarters. 

The IRSG provides its membergovernments  with  a  forum  fordiscussion  on  matters  aff�ectingthe  world  rubber  industry  andacts as an interface between gov­ernment  and  the  Industry.  Fur­ther,  it  is the only Internationalcommodity  body  approved  byCommon Fund for Commoditiesfor  development  fi�nancing  inrubber sector.

India to headglobal rubberstudy group

PRABHUDUTTA MISHRA

New Delhi, February 22

December was the brightestperiod  for  the  Agriculturaland  Processed  FoodProducts  Export  Develop­ment  Authority  (APEDA)  asexports of the products pro­moted  by  it  were  thehighest  in  a  month  thisfi�scal.  The  value  of  ship­ments  increased  to  a  seven­month  high  of  37  per  cent($2.44  billion).  With  the  es­calation  of  tension  inUkraine,  if  the  global  com­modities  prices  fl�are  up,  itmay  help  APEDA  to  achieveits target of $23.7 billion forthe current fi�scal.

Exports  of  APEDA­pro­moted  major  agricultureand  processed  products,broadly  divided  into  27  cat­egories,  touched  $17.47  bil­lion  (₹�1,29,782  crore),  up  by

23.83 per cent over the $14.11billion  registered  in  theyear­ago  period,  accordingto the latest export data.

However,  to  achieve  thetarget,  the  current  volumeof  shipments  needs  to  bemaintained during January­March  quarter  at  previousquarter level, experts said.

74% export target achieved“Already  74  per  cent  of  thetarget  has  been  achieved  infi�rst  three  quarters  andgrowth momentum is likelyto  be  same  in  last  quarter(January­March)  as  well,”said  M  Angamuthu,  Chair­man  of  APEDA.  There  was  aslight  slowdown  duringJuly­September,  otherwisetarget  could  have  been  metbefore  end  of  this  fi�scal,  hesaid.  APEDA  has  developedproduct  metrics  for  about

75  products  in  the  top  50countries  and  will  activelyencourage  sustainablegrowth  in  their  shipments,Angamuthu  said.  “Our  en­deavour  is  to  make  India  areliable  food  and  nutri­tional  security  provider,globally,” he said.

Opportunity for barleyAccording  to  offi�cial  data,exports  of  non­Basmati  rice

grew  46  per  cent  to  $4.49billion  (₹�33,350  crore),  buf­falo  meat  by  6  per  cent  to$2.5  billion  (₹�18,674  crore)and  wheat  417  per  cent  to$1.44 billion (₹�10,694 crore),while  Basmati  rice  dropped19  per  cent  to  $2.38  billion(₹�17,689 crore) during April­December  of  current  fi�scal.These  four  commoditiesmake  up  62  per  cent  of  thetotal  exports  of  the  APEDA­

promoted  products  thisyear.

“The  Ukrainian  crisis  willboost  wheat,  maize  andhoney exports from India. Itopens up an opportunity  inbarley exports, too. All theseexport  opportunities  couldbe  realised  if  there  is  nosupply  chain  impedi­ments,”  said  SChandrasekaran,  a  foreigntrade  policy  expert.  Asglobal  prices  of  commodit­ies  may  fl�are  up  amid  thegeopolitical  tension,  it  mayhelp  the  country  to  gethigher  realisation  in  globalmarkets  in  agri  commodit­ies, he added.

APEDA­promotedproducts have nearly 50 percent  share  in  the  country’soverall  agricultural  exportof $41.25 billion (in 2020­21),whereas  marine  productsare  the  second  most  con­tributor  with  14  per  centshare,  followed  by  spiceswith 10 per cent share.

Value of shipments highest this fiscal;

Ukraine-Russia stand-off may boost numbers

Agri products exports zoom in December

PRABHUDUTTA MISHRA

New Delhi, February 22

Overall purchase of paddy in thecountry  reached  699.48  lakhtonnes  (lt)  as  of  February  21,  asagainst  658.13  lt  a  year  ago,  offi�­cial data show. The target for thiskharif season is 528.26 lt in termsof rice (paddy equivalent 788.45lt).  The  current  procurement  is469.43 lt in terms of rice.

The government has set a tar­get to procure 774.85 lt of paddyfrom  kharif­grown  crop.  Whileprocurement  is  already  over  inBihar,  Telangana,  Chhattisgarh,Punjab,  Haryana  and  MadhyaPradesh,  among  major  States,  itwill  end  by  March  31  in  AndhraPradesh, Odisha and Tamil Nadu.The offi�cial purchase will be com­pleted by this month in Uttar Pra­desh, the second biggest growerof rice, while it will continue un­til  June  30  in  West  Bengal,  thelargest  producer.  About  94.90lakh  farmers  have  been  benefi�t­ted so far, from the ongoing pro­curement  operations  for  which

the  Centre  has  already  spent₹�1,37,098.07 crore at MSP value of₹�1,960  per  quintal,  which  is  thepurchase price of paddy.

Target exceededTelangana,  where  procurementbegan  late  due  to  the  stand­off�between the State and the Centreon parboiled rice issue, has seenpurchases  exceeding  target  by1.56 lt at 70.22 lakh tonnes, whileit  has  been  stopped  after  reach­ing the target of 92.01 lt in Chhat­tisgarh.  These  two  States  haveemerged as major rice contribut­ors to the Central Pool and mayreplace Punjab and Haryana as al­ternative  sources  if  the  govern­ment decides to move away fromthe northern States due to deplet­ing groundwater level.

In  Uttar  Pradesh,  the  paddyprocurement has dropped by 2 ltat 64.11, and just 6 lt short of tar­get. In Haryana it is short by 4.4 ltat 55.30 lt while in Punjab it hasexceeded by nearly 19 lt from tar­get at 187.51 lt.

Paddy procurement reaches 89%of target, up 6% from year ago

NARAYANAN V

Chennai, February 22

Tamil  Nadu  economy  hasstaged  a  strong  comebackfrom the impact of the secondwave  of  the  Covid­19  pan­demic.  Thanks  to  pick­up  ineconomic  activity,  higher  taxcollections  and  increased  de­volution from the Centre, theaggregate revenue receipts ofthe  State,  at  the  end  of  thethird  quarter,  has  even  sur­passed the pre­Covid levels.

According  to  provisionaldata  from  the  Comptrollerand  Auditor  General  (CAG),Tamil Nadu’s total revenue re­ceipts  as  of  Q3  FY22,  stood  at₹�1,33,873  crore  or  66  per  centof  the  budget  estimates  forFY22.  In  comparison,  revenuereceipts  during  the  corres­ponding  period  in  pre­CovidFY20 stood at ₹�1,23,129 crore or65  per  cent  of  the  budget  es­timate for the fi�scal. 

The State’s revenue receiptsduring  April­December  FY21stood at ₹�1,13,938 crore or onlyabout  52  per  cent  of  thebudget estimate for the fi�scal.

Within revenue receipts, taxrevenues was at 67 per cent ofthe  Budget  estimate  at₹�1,03,516  crore  against  a  taxrevenue  of  ₹�97,761  crore  (65per cent of budget estimates)in  the  corresponding  periodin FY20.

Spike in SGSTState  Goods  and  Service  Tax(SGST)  at  ₹�30,946  crore  andStamp  &  Registration  Fees(₹�10,086 crore) were at 73 percent  and  76  per  cent  of  theirbudget  estimates,  respect­ively.  In  the  correspondingperiod  in  FY20,  SGST  andStamp  &  Registration  Feesstood only at 59 per cent and62  per  cent  of  their  Budgetestimates.

“Tamil  Nadu  is  a  relativelyopen economy with global im­

ports/exports.  I  believe  thehigher SGST may be related tohigher  imports.  The  recoveryin the stamp and registrationfees suggests an improvementin  the  real  estate  market.  Iwould  expect  that  this  collec­tion  will  rise  markedly  oncethe  real  estate  valuationguidelines  are  revised  up­wards,”  said  Vidya  Maham­bare,  professor  of  economics,Great  Lakes  Institute  ofManagement.

NR  Bhanumurthy,  Vice­Chancellor of Dr BR AmbedkarSchool  of  Economics  Univer­sity,  attributed  the  spike  inSGST to record GST collectionsby  the  Centre  and  higher  taxdevolution to the States. Amidsharp economic rebound, theCentre’s  monthly  GST  collec­tions stayed upwards of ₹�1.25­lakh crore from October 2021.It touched a high of ₹�1.38­lakhcrore in January 2022.

“The  Centre  not  onlyprovided the State’s share butalso  shared  the  advance  GSTcollections  so  that  the  Stategovernments  can  plan  theirexpenditure  accordingly.  Infact, this not only includes thecurrent  tax  but  also  has  littlebit of future tax and this is notsomething  specifi�c  to  TamilNadu but for all other States,”he added.

Besides,  Tamil  Nadu’s  taxeson  sales,  trade,  etc  (₹�34,205crore),  State  Excise  Duties(₹�5,716 crore) and Other Taxesand  Duties  (₹�4,042  crore)  areall  closer  to  their  pre­Covidlevels.

Non­tax  revenue  at  ₹�6,225

crore,  however,  was  only  44per  cent  of  the  budget  estim­ates  compared  with ₹�7,791crore  (58  per  cent  of  budgetestimates)  during  the  corres­ponding period in FY20.

Revenue expenditure dropsNot  just  tax  collections,  theState  also  displayed  controlover  revenue  expenditure.  At₹�1,52,269  crore,  the  revenueexpenditure of the State stoodonly  at  57  per  cent  of  thebudget estimates as of Q3 FY22against 68 per cent of budgetestimates in Q3FY20.

Bhanumurthy said the dropin revenue expenditure couldbe  due  to  postponement  oflumpy  expenditure  by  theState to the last quarter of thecurrent  fi�scal.  Both  Bhanu­murthy  and  Mahambare  saidthere  will  be  a  signifi�cant  in­terest  payment  outgo  in  thefourth  quarter,  which  coulddrive  up  the  revenue  ex­penditure. 

“There  is  a  change  in  theway  in  which  centrally­sponsored  schemes  (CSS)  areto be implemented in the cur­rent fi�scal and that would cur­tailed  the  revenue  expendit­ure and the other explanationcould be that there can be un­spent  balances  in  theseschemes,” he added.

Tamil  Nadu  also  upped  itscapital  expenditure  substan­tially during the current fi�scal.As  of  the  third  quarter,  theState’s  capital  outlay  stood  at₹�25,227 crore or 57 per cent ofthe budget estimates. This wasmuch  higher  than  ₹�13,903crore  of  capital  outlay  madeduring  the  same  period  inFY20.  Mahambare  said  thatthe  capital  expenditure  util­isation, in the fi�rst three quar­ters  of  the  current  fi�scal,  washigher than the previous twoyears due to the opening up ofthe economy.

Tamil Nadu economy bouncesback from Covid 2.0 effect

OUR BUREAU

Chennai, February 22

Small  Industries  Develop­ment Bank of  India will con­duct a  fi�ve­day  marketingfair,  Swavalamban Mela, formicro­entrepreneurs,  artis­ans  and  self  help  groups,  inChennai from February 23.

The  fi�ve­day  marketingevent  at  Kamadenu  KalyanaMandapam,  Mylapore,  willalso  connect  them  with  mi­crofi�nance  institutions,fi�ntech  partners  for  lendingsupport. 

“We  are  encouraging  mi­cro­enterprises,  especiallywomen­led  units  from  TamilNadu to use this platform toshowcase  and  sell  theirproducts.  In  fact,  we  are  giv­

ing  them  stalls  free  of  cost,and  providing  them  meals,”AL  Ravindran,  General  Man­ager  of  SIDBI  toldBusinessLine.

Workshops plannedAs  a  part  of  its  skilling  mis­sion,  SIDBI  has  also  organ­ised  workshops on  makingchocolates,  herbal  napkins,agarbathis, candles, etc.

“As  a  part  of  awarenessprogrammes, we are also try­ing  to  bring  in  some  gynae­cologists to talk about healthissues  pertaining  to  wo­men,”  he  added.  Accordingto  SIDBI,  there  will  be  about50 stalls. 

Senior  offi�cials  from  RBI,NABARD,  CMD  of  TIIC,  TamilNadu State MSME Secretary VArun  Roy  and  members  ofMSME  associations  such  asTANSTIA will be participatingin  the  inauguration  pro­gramme that will be held onWednesday afternoon.

SIDBI’s marketing fair formicro-entrepreneurs starts todayEvent will also

connect artisans

with microfinanceinstitutions

OUR BUREAU

Chennai, February 22

Emerson, the US­based techno­logy, engineering and softwarecompany, on Tuesday opened amanufacturing  facility  atMahindra World City in Chen­nai.  The  1.45­lakh  sq  ft  facilitywill manufacture products ofthe  company’s  automationsolutions  business  whichprovides industrial customersin  India  and  across  Asia  withtechnologies  to  improve  pro­ductivity,  safety  and  environ­mental  sustainability,  says  acompany press release.

The  products  will  cater  topower  generation,  chemicals,energy,  life  sciences,  auto­mobile,  infrastructure,  foodand beverage, and metals andmining, the release said. 

“This  facility  marks  an  im­portant milestone to grow ourbusiness  in  India,”  said  RamKrishnan, Emerson’s ExecutiveVice President and Chief Oper­ating Offi�cer. 

Emerson opensnew facility in Chennai

................CMYK

OUR BUREAU

New Delhi, February 22

The Government has comeout  with  a  draft  policy  thatproposes  a  framework  forgovernment­to­governmentdata sharing and moots thatall  data  for  every  depart­ment  or  its  organisationshall  be  open  and  sharableby  default,  with  certainriders.

Titled  Draft of the IndiaData Accessibility and UsePolicy,  it has been evolved inconsultation  with  variousstakeholders  including  aca­demia,  industry, and govern­ment. The draft of the policyis put up for public consulta­tion,  the  Ministry  of  Elec­tronics  and  InformationTechnology (MeitY) said.

‘Quality, use’It  has  also  invited  feed­

back and inputs on the draftthat  aims  to  enhance  access,quality,  and  use  of  data,  in

line  with  the  current  andemerging  technology  needsof the decade. 

The  objective  of  the  policyaims to “radically transform”India’s  ability  to  harnesspublic  sector  data  for  larges­cale social transformation. Itwill  be  applicable  to  all  dataand  information  created,generated  and  collected  bythe  government  directly  orthrough  Ministries,  Depart­ments  and  authorisedagencies.

The  draft  policy  outlinesan  institutional  frameworkentailing  India  Data  Offi�ce,India Data Council, and DataManagement  Units  as  keycomponents,  the  detaileddocument  said  State  govern­ments  will  be  free  to  adoptthe provisions and protocolsas applicable.

Data sharingIt  states that  all  Ministriesand  Departments  will

identify  existing  data  assetsand  create  detailed,  search­able data inventories.

This  will  minimise  duplic­ation  of  data  processing  ef­forts  and  enable  betterdelivery  of  citizen  centricservices.

Pricing, licensingOn pricing and licensing, thedraft  proposes  that  minim­ally  processed  data  sets  willbe  made  freely  available.

Only  detailed  data  sets  thathave  undergone  value  addi­tion/  transformation  andqualify for monetisation willbe priced appropriately. 

“For  restricted  access  datasharing,  pricing  of  datasetsas decided by the owner gov­ernment  department  oragency must be notifi�ed in atransparent  manner,”  it  ad­ded.  MeitY  said  the  last  dateof  submitting  feedback  isMarch 18.

Data for every Ministry, agency will be

open and shareable by default, it says

Centre seeks feedback on draftpolicy on data sharing within govt

All Ministries and Departments will identify existing data assets and

create detailed, searchable data inventories ISTOCK.COM

OUR BUREAU

New Delhi, February 22

The  Information  &  Broadcast­ing Ministry on Tuesday said ithas  ordered  blocking  of  apps,website as well as social mediaaccounts  of  Punjab Politics TVwhich allegedly has links withbanned organisation, Sikhs ForJustice (SFJ).

This move comes at the timeof the ongoing Assembly pollsin the State. “Relying on intelli­gence inputs that the channel

was  attempting  to  use  onlinemedia to disturb public orderduring  the  ongoing  State  As­sembly Elections, the Ministryused emergency powers underthe IT Rules on February 18 toblock  the  digital  media  re­sources of Punjab Politics TV,” itsaid  in  a  statement.  The  Min­istry  said  that  contents  of  theblocked apps, website, and so­cial  media  accounts  had  thepotential “to incite communaldisharmony and separatism”. 

Centre blocks Punjab Politics TVapps, social media accounts

SURABHI

Mumbai, February 22

Cryptocurrency  exchangeshave  requested  the  FinanceMinistry  that  the  30  percent  fl�at  rate  of  tax  be  re­viewed and set according tothe tax slab of the investor. 

According to sources, thecrypto  industry  has  sent  arepresentation  to  the  Fin­ance  Ministry  on  theBudget  proposals  and  ishoping  to  meet  offi�cials  forfurther consultation.

“The  industry  in  generalis  very  positive  but  thedampener  is  the  30  percent  tax  rate  and  the  1  percent TDS, which we are hop­ing  to  get  resolved.  Formost people who wanted toget  into  crypto,  the  biggestfear  has  been  uncertainty.But  now  because  of  the  in­come  tax  proposals,  peopleknow  they  can  declare  and

pay  tax  and  not  worry  onthat  aspect,”  said  NischalShetty,  Founder  and  CEO,WazirX.

Tax slabExchanges  are  understoodto  have  suggested  that  the30  per  cent  fl�at  rate  of  taxshould  be  reviewed  and  befi�xed  according  to  the  taxslab of the investor. 

The 1 per cent TDS shouldalso  be  reconsidered  as  it

would impact day traders.“A  large  number  of

crypto  traders  come  fromthe  18  to  25  year  age  cat­egory  and  many  of  themare  still  in  college  or  start­ing  with  a  job  and  are  notin  the  income  tax  category.Under  this  proposal,  theywill have to pay a fl�at 30 percent  tax  though  their  in­come level may be lower orthey may be outside the taxthreshold.  Also,  they  have

to  go  through  the  wholehassle of fi�ling returns,” Sh­etty said.

On TDSThe  industry  has  alsosought  clarifi�cation  on  is­sues  such  as  whether  theTDS has to be paid by the in­dividuals or whether the ex­changes can deduct and de­posit  it on their behalf. 

Finance Minister NirmalaSitharaman  had  in  theUnion  Budget  2022­23  pro­posed  a  taxation  scheme  ofvirtual  digital  assets  giventhe  phenomenal  increasein their transactions.

“The  magnitude  and  fre­quency  of  these  transac­tions have made it imperat­ive  to  provide  for  a  specifi�ctax regime,” she had said.

Since  the  Budget,  manyplayers have urged the gov­ernment to review the hightax  on  crypto  assets,  ar­guing  that  it  is  not  akin  togambling  and  so  shouldnot  be  treated  in  the  sameway.

Tax on crypto assets must be aligned with that of the investors’ tax

slabs, say cryptocurrency exchanges ISTOCKPHOTO

Crypto bourses to FinMin: Review 30% tax, 1% TDS Also seek

clarifications on

TDS payment

G NAGA SRIDHAR

Hyderabad, February 22

Indian  drug­makers  can  lookfor signifi�cant gains in pharmaexports  to  the  United  ArabEmirates,  thanks  to  the  Com­prehensive  Economic  Partner­ship Agreement inked by Indiaand the UAE. 

“There are many advantagesthat can hasten the product ap­provals and boost up demandfor  Indian  pharmaceuticals  inUAE,” R Uday Bhaskar, DirectorGeneral Pharmaceutical ExportPromotion  Council  (Pharmex­cil), told BusinessLine. 

As of now, the process of ap­proval  for any dossier fi�led byIndian  pharma  companies  inUAE may take up to 24 months. 

“However,  now  those  com­panies  who  have  facilities  ap­

proved  by  eight  drug  regulat­ors  including  those  of  USFDA,EMA,  UK­MHRA,  TGA­Australiaand Health Canada can get ap­proval only in 90 days. This sig­nifi�cantly  hastens  product  ap­proval period and thus augurswell for exports,” Bhaskar said.

UAE  is  also  a  gateway  to  ex­ports to the GCC and Africa re­gions  and  being  a  re­exportcountry,  it  can  expand  thereach  of  Indian  drugs  further.GCC  market  has  been  estim­ated at $15 billion out of which$4.6  billion  is  for  genericswhich is an advantage for India. The presence of large numberof  USFDA  (741  )  and  743European GMP approved facil­ities in India will also be a posit­

ive factor for India. “The cost ad­vantage  our  exporters  off�ercoupled with a strong traditionof product quality and credibil­ity help us to adually increasepresence/consumption  of  In­dian generics in UAE and GCC,’‘the Pharmexcil DG said.

Generic sectorIndia participates mostly in thegeneric sector of UAE. ThoughUAE  pharma  market  size  is  of$3.5 billion, its generic marketinclusive  of  vaccines  was  $718million in 2021. Generic marketis projected to grow at a CAGRof  7  per  cent  in  the  next  fi�veyears. It may reach $1,000 mil­lion by 2026. ”It is to be notedthat UAE is developing as a minilogistical centre which can helpIndian pharma exporters,’‘ theoffi�cial said.

India’s  pharma  exports  toUAE  during  the  last  fi�ve  yearsending FY­21 grew at a CAGR of24  per  cent  which  is  muchfaster than UAE’s local market.

However,  India’s  pharma­

ceutical exports to UAE are alsore­exported to other countriesand the data pertaining to theactual consumption in UAE ofIndia’s  exports  are  not  avail­able. It is to be noted that the ex­port growth recorded in FY20­21 was 58.4 per cent ($322 mil­lion)  is  inorganic  growthowing to the pandemic and theCAGR  observed  during  2015­16to 2019­20 was 16.7 per cent.

“As  their  local  formulationindustry is also fast developingIndia’s  exports  may  have  achance  of  increasing  API’smuch  faster  than  now  (only  5per cent CAGR during the lastfi�ve  years).  Formulation  ex­ports,  which  have  grown  by  aCAGR of 48 per cent during thelast  fi�ve  years  may  register  asmaller fi�gure,’‘ Bhaskar said.

One of the directors of a Hy­derabad­based  listed  pharmacompany said diversifi�cation ofgeographies  should  be  a  toppriority  for  pharma  exportersand  the  trade  pact  with  UAEwould act as a catalyst.

UAE is a gateway

as well as a

re-export market,

says Pharmexcil

India-UAE trade pact set to boost pharma exports

DEBANGANA GHOSH

Mumbai, February 22

A day  after  the  Ministry  ofElectronics  and  InformationTechnology  (MeitY)  releasedthe draft India Data Accessib­ility  and  Use  Policy,  industryexperts  and  think  tanks  saidthat  monetisation  of  databases,  inter­ministry  datasharing  and  need  for  tighterlaw  around  data  anonymisa­tion  will  be  the  key  focusareas  for  recommendationsbeing sent. 

Organisations  includingSFLC.in,  Internet  FreedomFoundation  and  The  Dia­logue will be soon sending intheir recommendations. 

The  draft  policy  was  abroader framework touchingupon  various  aspects  underconsideration.  Key  talkpoints  include  licensing  andpricing  of  data  bases  as  perthe quality of processing. Thedatasets  will  be  created  bycollecting  citizens’  informa­tion.  The  policy  has  plans  toanonymise  data  and  make  itavailable  across  governmentdepartments  and  ministries.Overall,  the  implementationand monitoring of the policywill  be  led  by  the  India  DataOffi�ce (IDO) under MeitY.

Kazim Rizvi, Founding Dir­ector, The Dialogue, told Busi-nessLine,  “It  is  a  good  initiat­ive  by  the  government  toacknowledge  the  value  ofdata  and  to  make  it  access­ible for use for the larger eco­system  for  economic  and  so­cial  benefi�ts.  This  will  helpstart­ups,  the  research  com­munity as well as enterprisesto  unlock  the  value  of  data.We welcome that the govern­ment  has  invited  commentson the draft policy.”

“The  interesting  part  isabout  licensing, pricing  andvalue  addition.  Value  of  datacomes  from  relevance,  qual­ity,  granularity,  andmoreover  the  linkage  to  theuse case. Also, we need to cre­ate  strong  processes  to  min­imise  hurdles  in  the  stand­ardisation of prices.”

Commercialisation of dataIFF called out the draft policyfor  not  having  made  thewhite  paper  public.  The  di­gital  rights  advocacy  groupsaid  that  the  governmentheld  stakeholder  consulta­tions behind closed doors. 

“Coming  to  the  content  ofthe  policy,  there  are  prob­lems with the objective of the

policy itself, which is revenuegeneration.  The  GDPR  hassome of the best practices ofdata  collection  and  pro­cessing,  and  mentions  thatdata should be collected for aspecifi�c  purpose  and  shouldbe kept only to fulfi�l the pur­pose  and  not  be  further  pro­cessed. The moment data col­lection  is  incentivised,  itbecomes  problematic  andcan go against purpose limit­ation  and  end  up  impactingdata  privacy,”  Anushka  Jain,Associate  Counsel  (Surveil­lance  &  Transparency),  IFFtold BusinessLine.

She added, “The policy alsostates  that  all  data  will  beshared  across  governmentbodies  inter­departmentally,which  will  lead  to  a  360  de­gree  profi�le  of  any  citizengetting  created.  This  furtherincreases  the  risk  of  state­sponsored mass surveillance.

Strict  access  control  isneeded  for  proper  an­onymisation. It’s very easy tore­identify  any  data  evenafter  proper  anonymisation,there  has  been  studiesaround it.”

They are talking about put­ting  in  certain  guidelinesand  standards  for  an­onymisation,  but  we  don’tknow  who  is  going  to  accessand  make  those  standards,whether  there  will  be  thirdparties involved, Jain said.

Prasanth  Sugathan,  legaldirector, SFLC.in believes thatthough  the  policy  is  a  goodinitiative  to  bring  in  trans­parency for data collection, itshould  be  strictly  non­per­sonal  data  and  that  tooanonymised.

Rizvi added that more clar­ity will be required to defi�ne‘high  value’  data  sets  asbroader terms like “based onimportance  in  the  market”,“socio  economic  benefi�ts”etc,  which  provide  for  widerpowers to the incoming insti­tutional  body  (Data  council)to  decide  on  these  thingswon’t  suffi�ce.  There  needs  tobe checks and balances apartfrom  notifying  set  standardsfor quality data.

‘Clarity needed on data anonymisation, pricing’

CHENNAI

BusinessLineWEDNESDAY • FEBRUARY 23 • 2022 9NEWS

S RONENDRA SINGH

New Delhi, February 22

It  seems  the  government  isnot  in  a  mood  to  indulgeTesla too much on its manu­facturing plans in India, andthere  is  a  doubt  alreadyabout  whether  Elon  Musk  isat  all  serious  about  manu­

facturing  here.  The  auto­maker  already  has  fourmanufacturing  facilities(three  in  the  US  and  one  inChina)  and  has  announcedsetting up of two more gigafactories  –  in  Texas andBerlin.

However,  when  it  comesto  India  factory,  Musk  hasbeen  vocal  about  need  ofgovernment  support  (taxcuts) for its operations. 

‘No proposal’Though, it has already incor­porated  an  offi�ce  inBengaluru,  it  may  use  it  for

assembly  or  a  research  anddevelopment centre.

According to a senior gov­ernment  offi�cial,  Tesla  hasnot  shared  any  proposal  tobe  part  of  the  productionlinked  incentive  (PLI)scheme  for  automobile  andauto component industry. 

“We have not changed our

stand...from  Day  1  we  havebeen  telling  them  (Tesla)  tomake  in  India.  So  logicallywhy  should  we  encourage  aproduct  which  is  imported(import  from  Tesla  China  oranywhere else) and also whyshould  we  encourage  suchcompany?,”  Arun  Goel,  Sec­retary,  Ministry  of  Heavy  In­dustries, told BusinessLine.

Goel  explained  that  thegovernment  is  saying  atleast source maximum partsfrom  here.  He  said  the  In­dian  automobile  industry  isalready  producing  so  manyparts  and  companies  whichare manufacturing here, aresourcing from here. 

He  said  Tesla  has  also  notsent any proposal for invest­

ment  while  many  globalcompanies  have  submittedtheir  proposals  and  hascrossed government’s estim­ated target of ₹�42,500 crore. 

Some of the companies in­clude  Ashok  Leyland,  EicherMotors, Ford India, HyundaiMotor  India,  Kia  India,Mahindra  &  Mahindra,  Su­zuki Motor Gujarat and TataMotors. 

In  the  two/  three­wheelercategories,  the  companiesinclude Bajaj Auto, Hero Mo­toCorp, Piaggio Vehicles andTVS Motor Company.

Recently,  Transport  Minis­ter  Nitin  Gadkari  also  hadurged Tesla to make in Indiainstead of importing its carsfrom China. 

Tesla’s India manufacturing plan not clear yet: Govt Can’t encourage a company that is

importing, says Heavy Industry Secy

Elon Musk, CEO, Tesla Motors

ZYWe have not changed our

stand...from Day 1 we

have been telling them

(Tesla) to make in India

ARUN GOELSecretary Ministry of Heavy Industries

YZ

................CMYK

CHENNAI

10 BusinessLine WEDNESDAY • FEBRUARY 23 • 2022NEWS

RADHESHYAM JADHAV

PT JYOTHI DATTA

Pune, February 22

About  1,41,622  doses  of  Cov­ishield  are  lying  with  47private hospitals in Pune mu­nicipal  limits,  with  expirydates  on  most  of  themlapsing next month. 

Many  of  these  hospitalshave  communicated  to  thePune  Municipal  Corporationthat  they  will  not  be  able  toutilise these doses before theexpiry  date.  In  other  words,these  doses  will  have  to  bedestroyed. 

Hospitals  across  the  coun­try  are  sitting  with  stocks  ofCovid vaccines that are facingexpiry between now and nextmonth,  Gautam  Khanna,Chairman,  FICCI  Health  Ser­vices  Committee,  told  Busi-nessLine.  Their  suggestion  tothe  government  is  to  relaxthe  60  years  age  cut­off�  forboosters  or  precautionarydoses. 

Recently,  Tata  Memorial

Hospital  Director,  CSPramesh,  had  pointed  outthat  the  other  demography,besides the elderly who needboosters,  are  the  youngimuno­compromised people.Those  with  cancer  formedjust  part  of  this  population.But  people  with  comorbidit­ies  can  get  “severely  dispro­portionate Covid” if infected,he  said,  calling  for  boostersfor them.

In  Maharashtra,  the  StateHealth Department has askeddistrict  administrationsacross  the  State  to  submit  areport  on  the  utilisation  ofvaccines. 

Anil  Vinayak,  Group  ChiefOperating  Offi�cer,  FortisHealthcare,  said:  “We  con­tinue  to  vaccinate  with  theapproved vaccines across ourcenters  in  India.  We  havebeen  ordering  vaccines  in  aprudent  manner  while  mon­itoring  stocks  and  expirydates,  along  with  the  manu­facturers. This should help us

to  ensure  that  is  no  wastageof vaccines.” But another hos­pital  chain,  with  a  presenceacross  the  country,  said  “onelot  of  vaccines  had  alreadybeen  destroyed  and  anotherlot faces the same fate by theend of this month”. 

Booster driveHospital  representatives,who  did  not  want  to  benamed, added there was littledirection from the health au­thorities  on  this  issue.  Whilesmall  hospitals  say  that

stocks worth a few lakhs faceexpiry,  larger  hospitals  saytheir impact is bigger, as theyhad  picked  up  stocks  in  theexpectation  that  the  govern­ment  would  undertake  abooster drive. 

Omicron  aff�ected  manypeople  and,  as  a  result,  sev­eral  healthcare  workers  havenot taken boosters, said a doc­tor.  The  general  populationhas slowed down on their vac­cination as the infection andcases  seem  to  have  ebbed  aswell,  said  the  head  of  a  hos­

pital. Serum Institute, makersof  Covishield  (that  has  beenwidely  administered  in  thecountry),  did  not  commenton the development. 

Meanwhile, the Centre has,in the past, countered reportson  vaccine  stocks  facing  ex­piry,  saying  that  vaccines  fa­cing  expiry  were  the  fi�rst  toget used. But hospital repres­entatives  point  out  it  was“not  nice”  to  destroy  vaccinestocks  when  other  countriesare  falling  short.  Bringing  inboosters  for  those  who  needit  or  want  it  will  ensure  thatmost  of  it  does  not  get  des­troyed, said a doctor. 

Writ petition filedMeanwhile,  a  private  Covidvaccination  centre  in  Satarahas fi�led a writ petition in theBombay  High  Court,  seekingthe  government’s  interven­tion to save vaccines. The Ma­harashtra  Health  Depart­ment has not yet pronouncedits  stand  on  the  vaccinestocks with hospitals. 

(With inputs from

Monika Yadav, Delhi)

Vaccines closer to expiry pile up at hospitalsHealthcare experts suggest easing 60 years

cut-off for boosters to tide over the crisis

Hospitals say there is very little guidance from the health

authorities on the issue of expiring vaccines RV MOORTHY

P MANOJ

Mumbai, February 22

A suspected cyber attack of themanagement  information  sys­tem (MIS) has crippled the con­tainer  terminal  run  by  state­owned  port  authority  at  Jawa­harlal Nehru Port from Monday,forcing  the  Jawaharlal  NehruContainer  Terminal  (JNPCT)  todivert a container ship to otherterminals  at  the  port  locatednear Mumbai.

Jawaharlal  Nehru  Port  is  In­dia’s  busiest  state­owned  con­tainer gateway.

“The  information  system  atJNPCT  is  not  working  fromMonday,  due  to  which  we  havediverted one vessel,” said an offi�­cial. 

“The  MIS  personnel  is  on  thejob,  based  on  their  advice  wewill  take  a  call  on  divertingmore  ships,”  he  said,  notingthat there is no visibility on howlong  it  will  take  to  restore  thesystem.

Shipping  industry  sourcesbriefed on the incident said that“JNPCT system has been hit by amajor cyber attack”.

“The  system  is  completelydown  and  JNPCT  is  not  surewhen it will be restored. It maytake  minimum  3­4  days,  if  not

more,” said a shipping industrysource.  JNPCT  is  not  acceptingvessels alongside due to outageof the system as documents areneeded to berth the ship, all ofwhich are now digitalised, saidthe source.

PrivatisationJNPCT  has  been  put  up  forprivatisation  by  the  port  au­thority  as  part  of  the  govern­ment’s  National  MonetisationPipeline (NMP).

JNPCT  is  one  of  the  fi�ve  con­tainer terminals operating at JNPort, four of which are privatelyrun.  The  terminal,  with  a  capa­city  to  handle  1.35  milliontwenty­foot  equivalent  units(TEUs), has been facing volumedecline  from  FY18  as  lack  ofequipment and the opening oftwo  new  terminals  at  the  portwith modern cranes off�er betterproductivity,  forcing  shippinglines to switch their calls.

Suspected cyber attack cripplesJawaharlal Nehru box terminal

K RAM KUMAR

Mumbai, February 22

The  tardy  progress  made  bybanks in complying with theextended  timeline  for  imple­mentation  of  cassette  swapin ATMs has drawn the ire ofthe Reserve Bank of India.

The  central  bank  had  ex­tended  the  timeline  for  im­plementation  of  cassett­e swap  in  ATMs  to  March  31,2022, from March 31, 2021, fol­lowing  the  Indian  Banks’  As­sociation (IBA) making a rep­

resentation  on  behalf  ofvarious  banks,  which  ex­pressed  diffi�culties  in  meet­ing the deadline.

Many  banks  are  likely  tomiss  the  extended  deadlinefor  implementing  cassetteswap in ATMs, say bankers.

Face various constraintsBanks have cited various con­straints,  including  availabil­ity  of  adequate  number  ofcassettes,  readiness  of  cashreplenishment  agencies  todeal  with  cassette  swap  andcosts, for the slow progress.

At  a  recent  meeting  withbanks,  regulatory  offi�cialsraised  the  issue  of  lacklustreprogress  in  implementin­g cassette swap, despite being

given  a  one­year  breather,said  a  senior  public  bankexecutive.

According  to  AGS  TransactTechnologies’  January  2022Red Herring Prospectus, as ofAugust  2021,  only  one  percent of ATMs have implemen­ted the cassette swap featurein their ATM, and it is anticip­

ated that only 50 per cent ofthe ATMs will be upgraded tocassette  swap  by  the  end  offi�nancial year 2022.

As per estimates, each ATMwill require three sets of fi�vecassettes  —  one  set  in  theATM,  one  in  transit  and  an­other  at  branch/  cash­in­transit  (CIT)  company  (readyfor loading next day). 

Cost of each cassette The cost of each cassette is inthe  range  of  ₹�15,000  to₹�20,000. As of December­end2021,  there  were  2.41  lakhATMs in the country. Of these,2.11  lakh  were  bank­ownedATMs  and  30,000  wereowned  by  White  Label  ATMOperators.  Based  on  the  re­

commendations  of  the  Com­mittee  on  Currency  Move­ment (CCM), the RBI, in April2018,  had  advised  that  banksmay  consider  using  lockabl­e cassettes  in  their  ATMs,which will be swapped at thetime  of  cash  replenishment.This  is  aimed  at  mitigatingrisks  involved  in  open  cashreplenishment/ top­up. 

The  central  bank  then  sai­d cassette swap in ATMs maybe  implemented  in  a  phasedmanner,  covering  at  leastone­third  of  the  ATMs  oper­ated by banks every year, suchthat all ATMs achieve cassett­e swap by March 31, 2021.

Bankers  are  of  the  viewthat  on­site  ATMs  should  beexempt  from  the  require­

ment  of  cassette  swap  asbanks’  branch  staff�  are  re­sponsible for their replenish­ment. 

Of the 2.11 lakh bank­ownedATMs, 54 per cent are on­site,while  the  remaining  areoff�­site.

Banks may miss deadline to implement cassette swap in ATMs Change aimed at

reducing risk in open

top-up delayed by

several constraints

REUTERS

Moscow / Donetsk, February 22

Russia  faced  the  prospect  ofharsh new Western sanctionson  Tuesday  after  PresidentVladimir  Putin  recognisedtwo  breakaway  regions  ineastern Ukraine and orderedthe  deployment  of  troopsthere,  deepening  Westernfears  of  a  major  war  inEurope.

Ukraine  said  two  soldiershad  been  killed  and  12wounded in shelling by pro­Russian separatists in the eastin the past 24 hours, and re­ported  new  hostilities  onTuesday morning.

A Reuters  journalist  sawtanks  and  other  militaryhardware  moving  throughthe separatist­controlled cityof Donetsk overnight, but noinsignia  were  visible  on  thevehicles.

Western leaders are tryingto  work  out  what  Putin  willdo next, and whether Russiaplans  a  full­scale  invasion  ofUkraine after massing troopsnear the borders of its ex­So­viet neighbour and demand­ing a redrawing of security ar­rangements in Europe.

With  the  latest  Russianmove, the US and its allies arecoordinating  new  sanctions.European  Union  memberstates  are  also  consideringmore  sanctions,  includingGermany,  where  chancellorOlaf Scholz halted the Russia­led  Nord  Stream  2  gaspipeline project.

Diplomatic relations Ukrainian  PresidentVolodymyr Zelenskiy said hiscountry may break off� diplo­matic relations with Moscow.

Russia’s Parliament was ex­pected to ratify treaties withthe two separatist regions onTuesday,  and  rising  fears  ofwar  pushed  oil  prices  to  aseven­year  high  on  Tuesday,while  safe­haven  currencies,including the yen, rallied andstocks  around  the  worldtumbled.

Putin's  announcement  onMonday, and his signing of adecree on the deployment ofRussian troops to keep peace

in  the  two  breakaway  re­gions,  drew  internationalcondemnation.

“We’ve  got  to  ensure  that,whatever  happens,  Russiawill  feel  the  pain  ...  to  makesure Russia has absolutely noincentive to go further,” saidIreland’s  Europe  Minister,Thomas Byrne.

Linda  Thomas­Greenfi�eld,US ambassador to the United

Nations, said the descriptionof  the  Russian  troops  aspeacekeepers was nonsense.

A senior US offi�cial said thedeployment  of  Russiantroops  to  the  breakaway  re­gions  did  not  merit  theharshest  sanctions  theUnited  States  and  its  allieshave prepared in the event ofa full­scale invasion, as Russiaalready had troops there.

Russian troops move into two Ukraine regionsEU officials discuss

sanctions; Germany

halts Nord Stream 2

gas pipeline project

A Ukrainian serviceman walks

along a trench on the frontline

in the Lugansk region in

Ukraine on Tuesday AFP

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Company Prev Close Open High Low Qty 52 WH 52 WL PE BSE Cl Company Prev Close Open High Low Qty 52 WH 52 WL PE BSE Cl Company Prev Close Open High Low Qty 52 WH 52 WL PE BSE Cl Company Prev Close Open High Low Qty 52 WH 52 WL PE BSE Cl

Kalp.Pwr [2] 403.35 398.25 390.00 405.00 386.20 347.30 495.95 338.00 16 397.35Kaly.Inv 1679.40 1655.00 1680.00 1685.00 1642.50 0.25 2436.05 1400.00 29 1652.05Kaly.Stl [5] 286.15 282.25 286.15 286.15 279.40 28.61 465.55 280.00 5 282.15KalyanJewelr 60.45 59.25 60.00 60.05 59.00 1397.04 89.75 56.30 - - Kamat Htl 60.70 56.70 59.00 62.20 55.05 772.07 75.75 27.00 - 56.90Kamdhenu 225.95 220.75 212.00 224.20 212.00 28.18 280.00 119.65 19 219.80Kanor.Chem [5] 131.80 129.40 130.00 130.00 127.00 17.47 219.70 80.15 22 128.90KanpurPlastc 129.45 123.35 122.30 126.55 118.55 49.16 307.00 118.55 - - Kansai Ner [1] 491.75 479.70 480.00 488.00 475.70 112.29 674.15 470.75 54 481.65Karn.Bk 61.10 60.25 60.40 60.65 59.50 1580.27 81.80 51.55 5 60.20Karur vys bk [2] 50.40 48.30 50.00 50.00 48.05 1882.93 64.50 38.40 7 48.30Kaveri Seed [2] 511.80 509.95 497.00 516.00 492.95 107.65 815.85 468.55 14 509.05KAYA Ltd 377.75 379.00 370.10 389.00 362.25 11.13 575.00 232.50 - 379.45KBCGlobal 15.70 15.45 15.65 15.85 15.05 1371.03 194.35 15.05 - - KCP [1] 113.00 113.90 107.00 115.85 105.10 217.46 168.95 73.25 10 113.55KCP Sug [1] 23.75 23.00 23.00 23.50 22.35 493.42 33.40 15.75 - - KDDL Ltd 905.75 863.65 904.00 904.00 852.80 11.22 1189.60 250.00 64 865.25KEC Intl [2] 469.95 456.75 450.10 460.00 450.10 68.87 550.00 368.00 18 456.50Keertknw&Skl 17.80 16.95 17.00 17.05 16.95 9.67 31.90 16.10 - - KEI Ind [2] 996.10 1010.75 980.00 1023.20 951.00 142.40 1264.00 450.00 26 1009.90Kellton Tech [5] 85.95 81.70 82.15 84.10 81.70 908.71 134.95 39.25 67 81.70KennametlInd 1891.70 1863.90 1805.00 1890.90 1805.00 7.32 2037.80 897.10 - - Kesoram In 56.90 54.35 56.05 56.35 53.60 576.37 90.18 53.70 4 54.45Kewal Clo 195.20 189.55 192.00 192.00 186.25 80.25 299.00 153.40 18 189.20KeynotFinSer 140.15 126.20 132.00 134.00 126.15 46.43 160.65 51.35 - - KhadimIndia 249.10 241.30 245.25 245.25 232.85 49.17 358.90 125.50 28 242.50KhatnChm&Fer 100.25 95.65 95.15 100.20 92.50 226.34 129.85 20.35 - - Kingfa S&T 1197.20 1147.25 1160.10 1194.70 1136.00 6.65 1622.75 535.20 49 1142.05KIOCL 210.10 248.55 208.20 251.90 198.45 734.45 318.50 134.20 48 249.15Kiri Ind 466.25 458.25 457.70 462.95 448.65 120.30 678.70 405.00 146 458.10Kirl.Bros [2] 312.15 321.20 310.00 329.25 310.00 35.71 504.75 150.65 26 322.35Kirl.Elec 22.00 21.10 20.90 21.60 20.90 74.11 100.80 26.95 4 - Kirl.Ind 1446.45 1411.95 1400.00 1430.00 1357.05 3.43 1975.00 1173.65 24 1414.00Kirl.Oil [2] 133.60 129.70 128.30 134.00 128.30 193.23 277.80 129.40 11 130.05KirloskarFer 199.70 194.85 189.70 198.45 189.65 167.12 314.00 147.75 - - Kitex [1] 231.20 227.70 222.00 234.00 220.95 564.43 284.05 91.75 16 227.05KM Sug [2] 28.15 26.60 27.50 27.75 25.20 768.98 39.15 10.62 6 26.55KNR Con [2] 315.95 300.70 305.20 311.65 297.10 574.63 343.55 189.30 26 300.80Kokuyo [1] 60.80 62.40 59.85 62.80 58.65 200.98 79.85 52.20 - 62.45KoltePatil 275.10 272.85 270.15 280.75 265.25 361.70 360.00 207.00 - 273.45Kopran 274.55 266.25 268.00 277.00 262.00 180.77 369.35 99.80 102 266.10Kot.Mah.Bk [5] 1827.10 1841.75 1790.00 1849.10 1790.00 3022.08 2252.45 1627.25 49 1841.85Kothari Pet [5] 84.85 81.40 79.10 83.95 79.05 211.50 0.15 0.05 - - Kothari Pro 94.20 89.75 90.50 94.60 87.30 39.91 137.40 57.55 7 89.30Kothari Sug 34.15 32.70 32.50 33.40 32.05 194.32 15.85 4.45 - - Kovai Medi 1605.05 1614.00 1585.05 1620.00 1585.05 2.43 1920.00 1050.00 16 1613.85KPIGlobalInf 410.95 390.80 390.45 399.00 390.45 96.22 522.75 116.30 - - Kpit Tech 540.60 571.75 512.00 578.00 510.25 3263.48 801.00 130.25 - - KPR Mill [1] 660.30 641.90 625.00 659.80 615.60 359.36 771.80 177.02 32 641.50KRBL [1] 195.35 195.55 185.05 196.55 185.00 674.19 337.45 173.45 9 195.70Krebs Bio 155.70 151.25 152.00 161.05 145.15 56.91 227.95 82.50 - 153.05KrisnaInsMed 1221.15 1223.35 1215.00 1243.15 1187.30 236.67 1565.00 937.55 - - KrisnaPhoscm 191.70 178.00 181.10 187.00 176.20 19.76 248.85 80.00 - - KritiIndust 112.25 105.65 109.50 112.70 105.00 76.59 146.00 97.00 - - KrsnaaDiagns 590.05 592.25 590.00 615.00 580.00 277.11 1099.70 580.00 - - KSB 1063.15 1038.40 1026.10 1072.00 1026.10 68.80 1411.00 654.10 - - KuantumPaper 75.65 72.75 75.10 75.10 70.00 27.35 108.00 49.75 - -

L . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .L&T [2] 1863.95 1844.45 1813.00 1855.00 1800.50 2288.30 2078.20 1306.40 39 1842.85L&T Fin Hld 69.95 69.95 68.50 70.25 67.90 5791.54 113.40 67.90 - 69.95L&TInfotech [1] 5861.30 5991.05 5730.00 6015.00 5698.00 317.70 7595.25 3525.95 49 5994.60L&TTechSer [2] 4365.75 4432.75 4235.35 4499.00 4210.35 441.59 5958.10 2402.20 54 4430.10La Opala [2] 345.00 337.35 332.00 343.35 331.05 109.96 487.00 201.10 42 337.00LagnamSpintx 92.65 84.95 90.00 90.55 83.40 126.62 111.80 44.55 - - LakFinIndCor 99.45 92.10 96.25 97.95 91.85 4.20 219.25 68.00 - - LambodText [5] 91.20 87.40 90.00 90.00 84.45 25.98 129.90 42.30 5 87.85LasaSuperGen 48.05 46.70 48.05 48.05 46.30 96.85 92.90 46.05 - 46.75LatntViewAnl 452.10 421.85 420.00 434.90 417.15 1155.98 754.90 417.15 - - LaurusLabs [2] 539.70 527.75 530.00 540.00 522.00 1804.22 723.55 334.00 34 527.60LaxmiCotspin 24.85 22.95 24.00 24.15 22.40 21.45 34.85 20.75 - - LaxmiOrgInd 415.45 403.20 399.80 408.00 397.50 700.82 628.00 143.25 - - LemonTreeHot 52.10 50.25 50.15 51.50 49.15 6574.06 59.90 27.50 - 50.25LG Balakri 597.50 590.90 579.85 596.00 563.60 141.93 735.55 282.00 9 590.55LibasDesigns 29.05 30.20 29.00 30.35 27.10 682.33 76.40 24.50 - - Liberty Sh 145.20 138.15 140.00 140.95 137.20 72.12 215.50 116.50 25 138.30LICHsgFin [2] 372.60 367.15 358.25 369.00 357.50 3838.19 542.35 329.70 13 367.35LikhithaInfr 310.05 299.50 305.00 308.00 295.25 54.37 480.00 265.50 - - LINC 314.10 294.05 299.00 304.90 284.00 30.74 339.45 139.30 - - Lincoln Phar 305.40 298.90 299.95 304.90 294.65 105.98 414.75 219.00 9 299.10Linde Ind 2971.35 2852.05 2897.00 2948.00 2833.30 387.37 3004.45 1323.10 94 2848.35LMW 10102.00 9949.00 9999.0010121.40 9834.00 10.0811750.00 5894.00 72 9940.40Lok.Mach 72.70 69.40 71.00 71.00 66.60 112.42 88.25 30.05 21 69.50LT Ovrseas [1] 64.55 62.65 62.90 63.60 61.70 779.98 90.40 50.50 18 62.65Lumax tech [2] 178.10 174.35 170.00 179.85 165.50 108.52 209.45 128.10 20 173.70Lumx Ind 1087.60 1043.55 1075.05 1077.05 1036.00 7.84 1820.00 1017.85 23 1045.05Lupin [2] 760.75 752.20 750.00 754.85 736.30 1144.34 1267.50 691.70 209 752.15Lux Indust. [2] 2558.80 2509.60 2500.10 2547.00 2475.00 47.61 4641.50 1617.55 21 2507.85

M. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .M&M [5] 841.10 853.25 827.00 856.00 823.35 2768.99 978.90 725.00 26 852.30M&M Fin [2] 153.40 151.75 150.90 152.80 148.60 4164.53 220.55 138.00 35 151.80Maan Alum 114.95 110.75 112.00 112.00 108.00 47.26 230.00 66.93 8 111.00MacpowerCNC 213.80 205.10 200.00 213.70 195.45 25.07 279.70 82.00 - - MacrotecDeve 1268.05 1185.15 1255.00 1270.50 1180.00 543.04 1539.00 422.60 - - Madhav 51.35 50.45 50.90 51.90 49.65 14.05 75.90 42.45 14 51.75MadhavCopper 30.50 29.40 29.00 30.45 28.50 40.50 107.00 28.50 - - MadyaBharat 245.60 238.10 228.35 244.50 228.00 38.59 294.00 127.10 - - MagadhSug&En 282.15 272.90 279.80 279.95 264.40 53.98 386.35 95.00 11 273.90Magn.Ven 11.60 11.05 11.05 11.05 11.05 12.92 16.40 4.12 3 11.03Mah.Cie.Auto 194.00 200.05 190.90 203.00 189.50 248.27 311.65 148.30 60 199.45Mah.Holi 215.40 212.45 213.45 218.90 208.50 563.68 267.00 126.93 32 212.55Mah.Life 311.10 298.15 293.55 308.00 293.05 246.78 348.00 152.10 - 297.80Mah.Scoot 3658.45 3651.15 3575.30 3669.95 3575.30 16.27 5023.35 3300.00 29 3649.70Mah.Seam [5] 514.70 495.60 491.55 502.70 490.00 121.47 593.55 265.75 9 494.90MahaRasApexC 102.00 97.15 96.90 99.90 96.90 1.09 149.00 92.85 - - MahalaxmiRub 141.20 134.15 134.15 134.15 134.15 3.39 170.60 65.20 - - MahangrGas 763.30 744.25 752.00 758.55 740.00 400.59 1284.45 740.00 11 744.75MahaSteelInd 74.05 72.70 74.00 74.00 72.15 12.61 120.80 71.20 25 72.90MaheswariLog 79.00 78.95 78.50 79.60 75.00 44.78 140.40 73.30 - - MahindEPCIrr 103.85 101.75 100.05 103.10 100.05 54.13 178.20 100.05 - - MahindraLog 432.85 430.15 424.00 433.65 391.10 234.77 819.15 405.70 121 430.45Maithan 1091.75 1054.60 1052.00 1082.95 1040.00 118.51 1255.15 530.00 5 1050.75Mallcom(Ind) 834.75 787.95 800.05 817.45 765.15 1.51 1079.85 701.55 - - Malu Paper 30.30 29.05 30.95 30.95 28.20 22.07 43.80 24.30 - 29.15Man Ind [5] 89.05 86.45 85.55 88.70 85.00 191.47 147.15 71.60 5 86.45Man Infr [2] 108.85 106.75 96.35 108.50 96.35 889.42 134.45 23.33 33 107.10Manaksia [2] 73.05 70.40 72.00 72.45 69.30 82.86 90.95 48.20 52 70.70ManakSteel [1] 37.85 35.95 36.80 37.05 34.20 87.13 55.00 19.85 8 35.50Manali Pet [5] 94.10 89.70 89.00 91.70 88.05 660.04 138.50 46.55 4 89.80Manap.Fin [2] 119.05 118.20 117.00 119.00 115.00 8149.10 224.40 115.10 7 118.10Mang.Cem 352.60 353.30 345.05 356.45 332.25 58.08 543.00 251.65 10 352.25Mang.Chem 72.00 72.15 70.40 73.00 69.00 244.77 101.00 62.65 9 72.15Mang.Drug 117.20 113.15 115.00 117.80 110.15 46.84 196.50 91.00 12 113.35MangalamGlob 165.90 157.65 164.50 164.50 157.65 65.29 170.00 38.25 - - MangalamOrga 865.10 830.55 851.00 857.45 817.00 22.13 1299.00 798.60 - - Manugrph [2] 16.20 15.40 15.55 16.15 15.40 9.74 22.95 10.00 - 15.40Maral Over 86.45 82.15 83.65 87.00 82.15 49.78 138.00 25.60 5 82.05MarathNxtge[5] 102.00 99.05 100.00 100.75 96.65 32.15 128.45 42.25 - 98.85Marico Ltd [1] 507.25 505.35 501.00 511.00 498.60 1586.58 606.00 379.05 58 505.35Marksans [1] 49.65 48.30 47.90 48.60 47.20 1487.79 97.50 47.00 19 48.35Maruti [5] 8612.70 8622.80 8495.00 8659.80 8384.85 620.83 9022.00 6301.20 84 8626.25MASFinServ 574.90 584.60 551.50 595.60 551.50 92.43 985.00 469.05 21 585.00Mastek [5] 2614.30 2604.95 2528.00 2647.50 2525.00 79.13 3666.00 1125.00 138 2606.40MatrimnCom [5] 736.15 752.65 703.50 761.20 703.50 11.25 1242.00 710.30 32 752.10Maw.Sug 104.35 103.35 100.00 110.80 96.95 1397.07 128.90 34.00 8 103.55MaxFinancial [2] 842.70 832.20 815.00 839.95 814.95 504.25 1147.90 816.00 160 832.20MaxHealthCre 366.95 372.10 359.90 374.75 356.50 707.98 458.05 178.00 - - MaxIndia 75.55 75.00 75.10 75.30 74.70 216.26 84.50 60.05 - - MaxVent&Ind 106.35 102.40 104.10 104.85 100.80 166.71 157.95 51.10 - 102.05Mayur Uniq [5] 458.95 435.10 433.05 446.00 428.85 207.29 635.00 376.60 19 434.80MazagonDock 249.30 241.60 246.00 246.35 240.30 226.50 321.00 191.85 - - Mazda Ltd 525.85 510.15 520.00 520.00 507.35 3.37 753.70 414.00 13 508.85MBL Infra 28.05 26.65 27.70 27.70 26.65 117.83 43.65 16.05 - 26.60McL.Rusl [5] 23.65 23.20 23.00 24.00 22.50 437.52 43.35 18.00 - 23.05MCX 1376.15 1315.75 1325.00 1348.65 1285.00 1372.50 2134.90 1285.05 56 1316.10MedicamenBio 641.20 628.65 600.65 637.90 597.95 19.13 1019.80 539.55 - - MedplsHealth 988.50 952.10 975.00 979.45 930.05 500.95 1343.00 930.05 - - MegastarFood 137.60 144.45 144.45 144.45 139.55 93.77 144.45 110.20 - - MeghManiFine 806.70 795.05 805.00 805.05 775.00 52.83 1038.05 650.00 - - MeghmaniOrga 95.15 93.50 92.00 94.05 91.20 796.41 149.70 81.10 - - MenonBear [1] 83.35 80.90 80.00 82.00 78.65 87.19 113.10 49.60 19 80.85MEP Infra 23.20 22.35 22.80 23.05 22.05 605.55 32.10 14.95 - 22.60MetroBrands 548.75 547.50 534.00 552.90 526.00 86.41 673.00 426.00 - - Metrpolhelth[2] 1976.10 2033.30 1960.00 2070.00 1933.10 762.07 3579.00 1846.50 49 2031.10MFL 31.35 30.25 31.00 31.40 29.65 200.60 24.70 12.15 - - Minda Corp [2] 191.50 194.90 175.50 198.00 175.50 1127.25 213.80 89.85 38 196.90Minda Ind [2] 935.40 967.05 915.00 982.15 905.55 536.29 1260.00 460.00 137 972.55MindTree 3847.95 3821.35 3710.00 3843.00 3705.00 627.28 5059.15 1539.85 42 3825.30Mirc Ele [1] 21.65 21.95 21.15 22.55 20.60 861.87 34.90 11.16 - 22.15Mirza [2] 153.70 145.30 143.50 151.45 143.05 1446.84 174.20 42.95 20 145.25MishDhatuNig 171.10 172.05 169.10 172.45 166.80 185.37 221.80 166.10 19 172.20MM Forg 772.30 808.05 731.00 817.70 731.00 101.03 968.95 433.45 17 808.35MMPIndustris 162.45 157.55 160.50 162.90 155.50 20.57 198.90 77.60 - - MMTC [1] 46.55 45.20 44.95 46.00 44.50 4106.98 64.80 30.10 - 45.20ModisonMetal 70.35 71.95 71.85 73.00 68.50 58.99 104.90 52.05 - - Mohit Ind 16.15 15.85 15.05 16.35 14.55 36.00 22.05 6.20 10 15.75MOIL 171.25 170.00 167.95 170.95 167.10 441.36 208.00 135.25 11 170.10MokshOrnamnt 22.35 21.45 21.25 22.80 21.25 285.99 123.85 20.35 - - Mold-TekPac [5] 699.70 695.25 678.00 700.00 675.00 29.07 862.15 342.00 32 694.10Mold-TekTec[2] 71.65 69.55 72.00 72.00 67.00 24.25 107.95 32.00 16 69.50MonarchNetwr 169.25 173.25 168.00 176.00 152.60 78.54 189.55 136.25 - - Monte Carlo 516.30 497.90 501.00 509.30 495.00 35.11 728.65 208.70 11 498.50Morepan [2] 40.75 40.00 39.10 40.40 38.60 1790.29 75.00 28.00 20 40.00Most.Fin [1] 888.40 874.70 874.00 884.00 864.00 81.23 1188.00 568.25 15 873.00Moth.Sumi [1] 156.80 156.40 150.00 157.60 148.50 8116.82 226.67 148.75 49 156.25MphasiS 3064.90 3122.35 2961.00 3145.50 2959.40 841.10 3659.75 1399.30 47 3122.40MPS 614.60 608.60 607.95 625.00 600.00 14.21 805.00 424.95 16 608.85MRF 64734.65 65769.60 63000.00 65999.05 63000.00 26.51 94000.00 63000.05 34 65778.90Mro-Tek [5] 58.35 55.15 54.05 57.45 54.05 5.22 79.25 23.60 1 54.95MRPL 41.90 41.00 41.00 41.60 40.60 1055.35 57.75 35.30 7 41.05MrsBectrFood 328.55 317.15 322.70 324.75 315.00 131.14 464.10 315.00 - - MSP Stl 12.10 11.45 11.75 11.75 11.20 1261.13 18.90 7.00 - 11.46MSTC 327.00 315.75 317.50 324.80 311.25 411.36 542.00 247.15 - - MT Edu 9.40 8.95 9.05 9.25 8.95 260.75 14.30 6.22 - 8.94MTARTech 1834.35 1770.70 1755.00 1798.75 1755.00 136.84 2563.30 860.00 - - MTNL 23.70 22.80 22.10 23.70 22.10 1392.69 40.85 11.85 - 22.75Mukand 124.15 125.55 122.10 126.90 118.85 97.02 166.50 55.15 6 125.45Mukta Ar [5] 42.00 40.05 40.20 40.90 39.90 9.52 65.35 25.60 28 40.20Munj.Auto [2] 47.25 46.30 46.30 47.20 45.65 100.07 72.80 45.75 19 46.40Munj.Showa [2] 114.00 109.80 112.15 112.30 108.20 27.51 174.60 108.05 40 110.05Murd.Cera 26.55 25.25 25.50 26.15 24.70 110.97 35.70 18.00 20 25.25MusicBrdcast 23.80 23.50 23.60 23.65 23.10 312.72 29.60 22.15 - - Muthoot Cap 290.35 280.90 288.70 290.00 280.00 15.21 495.50 280.00 - 281.35MuthootFinan 1321.85 1348.50 1304.00 1353.00 1299.75 1193.62 1722.55 1120.45 14 1348.40

N . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .NACLInd [1] 79.30 77.05 76.05 78.60 76.05 121.85 104.65 35.30 21 76.95NagaDhunseri 1263.65 1297.85 1298.40 1298.40 1275.05 0.06 2175.00 680.50 - - NagarjunFert [1] 12.35 11.70 12.00 12.25 11.60 525.78 20.67 4.91 - 11.59Nagrk.Cap [5] 12.15 11.55 11.60 11.60 11.55 4.48 18.25 5.05 - - Nagrk.Exp [5] 39.45 37.00 37.75 39.00 36.40 10.48 52.65 14.90 4 37.05Nah.Cap [5] 452.85 434.60 425.00 442.55 420.35 31.81 588.60 85.50 21 436.45Nah.Ind 157.15 148.25 148.00 153.25 146.05 160.23 199.15 38.05 4 148.65Nah.Poly [5] 386.10 381.35 375.00 384.50 365.10 78.00 475.00 82.05 13 381.40NALCO [5] 111.65 115.50 109.70 116.70 108.8534467.44 128.30 50.80 7 115.35Nalwa Son 1598.45 1586.15 1560.00 1590.00 1525.30 0.67 2165.55 947.35 14 1590.00Nandan Den 135.35 141.85 130.30 142.10 128.60 205.22 172.50 28.00 10 141.95NandaniCreat 75.30 72.50 74.45 75.75 72.05 2.02 110.35 45.15 - - NarayaHru 637.85 638.30 600.00 649.60 600.00 186.75 679.15 380.05 156 638.65Natco Phr [2] 866.85 839.90 859.00 859.00 835.00 114.05 1188.95 779.00 60 840.25Nath Bio-Gen 219.75 210.15 200.10 219.15 200.10 23.63 474.70 204.05 7 210.60Natl Build [1] 40.05 38.90 39.10 39.50 38.20 8179.14 59.80 35.60 29 38.80Natl Fert 48.20 45.95 47.00 47.20 45.50 584.57 73.75 37.50 40 45.90Nava.B.Ve [2] 122.20 115.95 118.35 118.75 115.10 384.16 144.20 57.75 5 115.95Navin Flu [2] 3817.95 3850.20 3710.00 3867.90 3710.00 119.12 4339.00 2337.80 74 3846.65Navkar Corp 34.10 34.85 32.20 35.25 30.10 626.53 54.70 30.50 12 34.90Navneet Ed [2] 85.20 85.65 83.90 88.00 82.00 236.82 121.55 72.30 18 85.60NazaraTech 1875.80 1843.75 1825.00 1924.80 1808.05 89.59 3356.00 1432.00 - - NBI.IndFinCo 2252.85 2179.50 2145.00 2246.00 2110.00 0.07 3200.00 1625.45 - - NCC [2] 63.60 60.90 62.00 62.00 60.50 3530.30 98.45 60.50 10 60.95NCL Ind 178.20 177.40 174.10 178.50 173.05 146.05 304.80 151.60 7 177.95NDRAutoCompo 414.35 380.65 400.00 409.10 371.20 16.22 499.90 178.20 - - NDTV [4] 162.40 150.85 153.35 160.50 146.20 304.19 185.75 46.95 16 150.80NECaryCorp 19.75 18.95 19.75 19.75 17.80 220.27 29.40 7.00 16 19.00Nect.Life [1] 29.05 27.30 28.00 28.05 26.75 479.52 48.40 18.50 - 27.45Nelcast [2] 74.15 71.05 69.65 73.55 69.65 100.47 100.00 61.00 44 70.85Nelco 677.90 662.25 655.00 689.80 650.00 48.05 968.55 178.85 137 662.90NeogenChem 1578.15 1541.40 1490.00 1557.80 1480.10 56.06 1930.00 757.20 - - Nesco [2] 550.70 548.85 531.05 555.00 531.05 28.63 697.00 463.50 22 550.05NestleIndia 18106.10 18111.00 17985.00 18193.35 17739.65 63.09 20599.95 15900.00 92 18091.30Netwk 18 [5] 82.15 78.05 80.25 80.35 78.05 1298.97 115.00 34.55 - 78.05Neuland 1090.70 1054.00 1052.00 1113.55 1050.00 55.22 2840.00 1049.80 23 1054.35NewgenSwTech 531.70 512.25 504.50 521.60 495.00 98.01 754.70 271.70 24 511.90NHPC 30.05 28.80 28.65 29.00 28.55 4775.89 37.00 23.10 8 28.85NIIT [2] 435.60 436.15 416.65 438.15 410.00 1084.91 507.00 136.50 72 436.50Nila Infras [1] 6.80 6.50 6.60 6.70 6.50 360.85 10.56 4.10 - 6.53Nilkamal 2169.10 2139.70 2169.00 2190.15 2112.90 2.81 3174.00 1754.00 39 2137.65Nippo Bat [5] 428.10 410.95 425.00 425.00 403.25 15.86 641.23 322.50 16 411.35NipponLIAM 303.95 315.60 296.00 317.55 296.00 1042.91 476.45 296.00 - - NirajCement 30.25 28.95 30.00 30.15 28.55 14.04 55.90 28.55 - - Nitco 27.75 26.65 26.80 27.15 26.40 73.43 42.75 17.40 - 26.55NitirajEngg 65.10 60.00 64.35 64.35 58.75 3.34 82.80 38.20 - - NLC India 61.30 59.20 60.05 60.20 58.55 2543.06 80.00 46.25 6 59.20NMDC Ltd [1] 140.05 140.05 137.00 140.50 135.9011506.18 213.15 117.50 4 140.15Nocil 207.25 202.05 202.00 204.00 197.70 644.53 321.00 157.50 24 201.75Noida Toll 7.10 7.80 7.00 7.80 6.55 239.01 10.33 5.13 - 7.88

20 Micron [5] 74.10 69.45 70.50 72.95 69.00 254.66 108.25 29.25 8 69.5521stCentMgmt 33.30 32.65 33.30 33.30 32.65 0.83 63.45 11.63 - 32.803IInfotech 59.05 56.10 56.20 57.25 56.10 506.18 119.30 52.60 - - 3m India 22156.30 21320.45 21501.00 21819.00 21203.40 3.25 30975.00 20828.20 106 21316.105PaisaCap 349.90 332.80 333.00 345.75 325.00 25.51 577.40 237.60 60 334.80

A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .A2Z InfraEng 9.20 8.75 8.75 8.95 8.75 667.37 14.15 3.55 - 8.75AareyDrgs&Ph 42.80 40.20 40.45 41.90 39.10 95.35 64.35 31.15 - - AaronIndust 119.20 115.60 115.05 121.10 113.25 8.73 151.55 45.05 - - Aarti Drug 493.25 483.50 480.00 485.00 480.00 137.20 841.40 480.55 23 483.40Aarti Ind [5] 935.30 919.30 913.00 929.95 907.55 692.70 1168.40 591.33 27 920.35AartiSurfact 827.45 792.20 809.00 809.00 781.50 19.02 1887.00 781.50 - - Aarvee Den 26.25 26.00 26.25 27.20 24.95 22.94 33.30 16.55 - 26.55AarviEncon 88.85 87.70 84.50 90.10 83.40 26.30 104.00 41.95 - - AavasFinance 3017.20 3037.95 2851.00 3079.45 2851.00 287.66 3336.95 2108.90 73 3031.65AB Money [1] 64.05 62.10 62.25 63.00 60.65 68.90 88.50 38.00 16 62.15Aban Off [2] 47.20 45.75 46.20 47.20 44.90 89.92 74.90 27.95 - 45.75ABB [2] 2101.10 2067.30 2030.00 2123.25 2030.00 306.75 2469.60 1300.00 102 2055.65AbbottIndia 16292.30 16714.75 16000.00 16757.00 15981.00 32.94 23902.30 14250.00 48 16709.55ABBPowerPro 3121.95 3172.20 2974.00 3196.00 2974.00 87.03 3430.00 1265.30 - - ABCapital 107.60 108.00 105.50 108.75 103.00 3953.86 139.60 96.40 77 107.95ABMInternat 95.25 88.65 92.25 96.80 85.80 2.16 160.00 85.55 - - ACC 2184.90 2165.40 2154.90 2180.80 2100.10 323.72 2587.95 1686.75 22 2166.75AccelyaKal 977.45 974.80 973.00 999.50 973.00 36.72 1535.00 837.00 25 976.25AcrysilLtd 710.70 725.75 666.00 750.00 666.00 156.05 927.90 286.00 - - Action Con [2] 225.10 224.00 211.10 226.20 211.10 789.61 291.55 139.65 24 224.00AcuracyShipg 247.05 237.15 243.00 247.05 227.95 61.45 258.90 47.55 - - Adani Ent [1] 1685.20 1667.70 1636.10 1678.90 1630.00 1717.58 1908.55 769.10 258 1668.30Adani Ports [2] 711.10 705.55 698.00 711.10 685.00 6112.93 901.00 638.00 106 705.00Adani Pwr 120.15 120.55 113.65 124.40 111.0570848.29 167.05 54.90 - 120.45Adani Trans. 1895.90 1969.10 1861.00 1985.00 1810.10 156.51 2150.00 688.55 - 1971.25AdaniGreenEn 1955.90 1971.95 1850.00 1994.80 1850.00 1159.27 2128.90 860.20 1878 1973.20AdaniWilmar 327.60 314.30 308.60 323.60 305.0013158.49 419.90 227.00 - - ADF Foods 746.45 725.85 725.00 738.00 710.00 18.76 1049.00 700.00 34 723.00AditBirSunLf 510.15 506.20 502.10 509.85 500.90 350.90 722.90 499.25 - - AdityaBirFas 268.30 263.00 260.00 266.55 257.00 2000.69 318.55 163.30 - 262.80Ador Weld 654.90 638.30 651.60 657.45 629.00 10.47 852.10 289.00 21 638.95AdvancedEnz[2] 288.75 276.35 265.00 279.25 260.90 422.67 503.00 263.00 56 276.45Advani Hot [2] 94.15 89.10 90.00 91.95 85.45 501.95 108.20 48.00 - 89.10Aegis Log [1] 211.80 200.55 210.00 210.95 198.30 586.58 394.40 191.90 15 200.50Affle(India) [2] 1227.55 1206.75 1120.00 1214.55 1120.00 574.38 1510.15 768.00 298 1206.55Agarwal Inds 511.85 489.05 480.00 509.55 448.05 92.62 624.95 130.35 18 488.15AgriTech Ind 80.60 88.65 82.80 88.65 82.25 362.89 87.30 30.50 - 87.30Agro Tech 886.30 881.00 851.40 894.00 842.65 6.54 1149.75 750.10 105 887.00AgroPhosInd 21.70 20.15 21.50 21.50 19.55 80.78 34.30 10.45 - - AGSTransTech 113.40 104.55 111.00 111.00 103.20 1104.59 181.85 103.20 - - AhladaEnggrs 114.15 114.25 96.60 118.70 96.60 49.02 248.00 65.70 - - Ahluwalia [2] 385.60 385.25 370.55 398.00 368.25 14.62 483.95 270.00 17 386.25AIA Engg [2] 1772.65 1766.15 1765.00 1777.95 1725.00 32.30 2220.00 1732.50 32 1770.95AIRAN 21.60 20.55 20.15 21.45 20.15 153.83 35.95 15.05 - - AIRO LAM 67.90 67.20 70.00 71.00 64.10 14.18 90.10 52.00 - - Ajanta Phr [2] 1919.05 1860.10 1800.00 1890.00 1800.00 40.71 2420.00 1652.95 22 1848.50Ajmera 372.15 353.55 355.20 364.85 353.55 54.11 496.00 97.00 33 354.75AjooniBiotec 62.60 59.60 61.00 61.50 56.25 99.32 85.85 41.90 - - AKGEximLtd 40.30 38.40 41.00 41.00 37.55 7.03 112.70 21.00 - - Aksh Opti [5] 11.80 11.25 11.50 11.65 11.25 633.24 15.89 5.29 - 11.25AksharChem 370.65 361.00 351.00 370.60 351.00 8.49 613.50 223.10 15 361.30Akzo 1928.25 1917.75 1885.00 1930.00 1865.00 18.41 2475.05 1862.15 30 1920.25Alankit [1] 15.25 14.35 15.00 15.25 14.20 1200.18 27.15 11.50 - 14.40AlbertDavid 545.55 516.50 532.25 541.70 511.00 17.49 738.40 371.45 8 517.25Alembic [2] 88.30 82.70 87.50 87.50 81.70 466.42 143.30 82.20 25 82.80Alembic Ph [2] 691.90 693.55 684.00 699.05 678.30 279.27 1090.00 672.00 18 694.80Alicon [5] 801.65 784.00 790.10 805.20 767.00 12.31 998.75 390.00 71 776.90AlkemLabs [2] 3320.70 3271.00 3280.00 3314.00 3206.00 70.30 4067.70 2544.25 21 3269.70Alkyl Amine [2] 3012.05 2998.05 2960.00 3032.75 2941.00 56.57 4740.00 1980.00 56 3004.10Allcargo [2] 345.10 329.80 334.30 337.65 318.50 698.37 412.00 121.25 27 329.35Allied Dig [5] 109.90 104.45 105.05 106.80 104.45 161.26 176.00 37.55 - 104.45Allsec 540.85 519.35 537.25 537.25 513.05 16.72 748.60 289.00 8 517.00Alm.Global [6] 102.20 98.95 95.50 101.95 95.50 35.28 155.20 26.00 62 100.25AlokIndus 25.85 24.45 24.90 25.10 24.2517014.25 35.80 18.70 - - Alpha Lab 71.55 68.60 67.35 70.10 65.30 106.96 108.95 34.95 9 68.45Alphageo 301.70 288.65 297.65 305.00 283.95 32.22 511.00 174.80 8 289.45Amararaja [1] 594.00 581.15 588.00 589.95 575.70 566.81 929.00 568.75 16 581.00AmberEntp(I) 3267.80 3222.10 3237.80 3259.55 3170.95 36.18 3932.10 2685.00 142 3223.70AmbigaAgar 27.80 25.75 27.50 27.50 25.35 149.63 44.40 12.00 10 25.80Ambika Cot 2495.85 2410.00 2439.90 2450.00 2392.00 36.51 2829.00 846.00 8 2407.55AmbujaCeme[2] 338.55 337.35 334.00 338.45 331.10 3078.03 442.95 261.10 31 337.40AMD Ind 49.30 46.15 47.00 48.95 45.55 125.59 59.90 16.45 14 46.40AmiOrganics 889.85 870.50 840.00 885.85 840.00 92.93 1434.45 840.00 - - AMJLandHold[2] 29.75 29.20 29.65 29.65 28.55 18.20 42.50 21.25 - 28.90Amrutanjan [1] 780.75 755.35 758.00 808.30 749.00 61.11 1025.55 481.90 35 757.10AnandRathiWe 563.20 560.45 550.10 564.00 546.10 141.92 654.00 542.60 - - Anant Raj [2] 72.25 69.40 68.00 73.10 68.00 844.62 85.95 44.60 46 69.45AnantrajGlob 39.65 39.45 38.50 40.20 37.55 817.34 60.75 25.20 - - Andhar Sug [2] 134.05 129.30 127.00 132.30 125.20 546.97 170.70 57.12 13 129.30Andhra Cem 14.25 13.75 13.75 14.70 13.15 320.76 37.40 5.13 - 13.75AndhraPaper 218.90 214.00 213.20 215.00 212.05 10.26 283.70 203.65 - - AndrewYuleCo 22.80 22.15 22.70 22.75 21.15 229.47 29.70 21.15 - - AngelOne 1324.95 1284.65 1272.00 1303.85 1270.00 268.80 1689.00 286.35 - - Anik Ind 27.95 26.60 26.60 26.95 26.60 29.43 39.40 10.82 10 26.80AnjPortCemen 270.30 256.05 266.00 268.40 252.75 31.68 531.00 197.75 11 255.25AnmolIndia 230.10 222.95 220.10 229.90 215.00 207.30 246.00 135.00 - - Ansal Pro [5] 16.10 15.30 15.40 15.40 15.30 103.41 18.35 5.45 - 15.25AntnyWastHdg 283.00 274.80 277.95 279.95 270.30 108.29 455.00 241.00 - - AnupamRasayn 872.15 855.00 862.90 864.95 741.30 87.08 1107.55 474.00 - - Apar Ind 633.30 593.85 613.90 626.45 583.55 91.99 868.45 434.00 11 594.95Apcotex Ind [2] 345.50 340.30 333.00 345.00 332.90 33.51 460.00 168.70 20 340.55ApexFznFoods 278.45 267.30 277.00 277.85 263.15 133.77 435.20 200.00 20 267.25APL Apl [2] 829.25 814.00 800.00 830.50 790.00 210.24 1113.65 466.00 88 814.55Apollo Hsp [5] 4426.65 4576.05 4327.00 4605.55 4300.00 833.53 5930.70 2789.00 104 4578.20ApolloPipes 453.20 495.70 432.00 524.85 432.00 315.90 2000.00 432.00 - - ApolloSindo 794.05 782.50 793.65 793.65 764.00 2.09 1069.70 505.00 - - ApolloTyr [1] 203.20 197.75 196.50 199.25 191.10 4676.01 261.20 191.35 29 197.70Aptech 314.60 315.25 303.65 318.90 296.80 172.20 447.95 184.15 62 315.75AptusValHsg 349.30 338.35 344.85 347.75 335.25 187.91 394.90 278.60 - - Archidply 46.15 44.60 44.20 46.00 44.20 29.38 61.55 27.95 15 44.60Archies [2] 18.75 18.00 18.20 18.60 17.65 74.98 30.00 9.40 - 17.95Aries Agro 136.85 133.60 132.00 135.65 131.45 21.75 193.75 74.70 8 134.40ArihantSuper 174.10 164.75 170.00 171.95 162.05 241.08 206.00 33.05 16 165.35ArihntCapMkt 335.80 330.95 329.50 340.00 322.00 115.44 363.95 111.25 - - ArmanFinServ 779.50 760.30 761.00 779.00 735.10 13.23 1135.00 514.50 71 764.10AroGranite 56.75 54.95 53.10 56.10 53.10 50.61 87.00 36.70 7 54.75ArowGreenTec 102.85 97.75 98.10 99.90 97.75 7.92 179.85 64.25 - 97.45Arshiya [2] 37.65 36.70 37.00 38.40 34.70 677.24 47.40 25.00 - 36.65ArtemsMedSvc 41.55 40.65 40.10 41.45 39.30 50.17 412.80 32.05 - - ArveeLabsInd 76.60 73.85 69.10 75.00 69.10 0.90 108.00 43.55 - - Arvind 124.75 115.50 121.00 122.10 114.05 2520.79 158.65 58.95 11 115.45ArvindFash [4] 279.00 274.20 267.00 277.00 265.00 384.68 364.00 123.20 - 272.20ArvindSmart 199.35 200.30 194.90 202.10 185.55 35.31 258.10 82.55 23 201.30Asahi India [1] 489.45 468.20 488.00 489.45 465.55 203.05 612.70 276.75 38 468.20Asahi Song 259.45 244.80 255.60 260.00 241.55 19.70 442.65 243.85 12 244.65Ashapura [2] 101.90 101.45 99.50 103.20 97.95 147.15 176.30 89.40 80 100.80Ashiana [2] 159.90 154.85 155.65 157.90 150.35 78.29 209.95 105.90 - 155.60Ashima 15.05 14.55 14.60 15.00 13.90 158.71 23.30 13.01 - 14.65Ashok Ley [1] 124.90 124.35 121.00 125.00 121.0012570.59 153.40 106.20 - 124.20Ashoka Bld [5] 93.25 90.90 91.00 92.40 89.90 790.67 125.00 78.40 7 90.90Asian Gran 107.25 104.00 106.00 106.10 103.00 276.30 211.29 103.30 6 103.75Asian Htl-E 201.45 202.65 191.65 205.00 191.65 8.28 239.00 140.00 50 202.05Asian Htl-N 80.35 77.15 77.60 81.30 76.30 58.55 105.80 56.10 - 76.65Asian Paints [1] 3251.65 3227.15 3120.00 3236.80 3120.00 1147.21 3588.05 2261.45 101 3228.20AsianEnrgSvc 117.45 114.10 111.25 116.30 111.25 63.38 173.00 111.25 - - Aspinwall&Co 177.25 173.10 174.85 177.20 169.00 12.01 268.30 135.00 - - AssoAlchohol 434.00 420.40 423.00 432.10 416.00 42.70 653.65 340.00 - - Aster Life 1585.30 1520.65 1550.00 1559.95 1500.00 47.40 1842.65 986.85 42 1517.05AsterDMHealt 182.75 177.10 179.80 181.95 175.80 653.35 237.25 132.55 - 176.70Astra Mic [2] 198.35 192.05 186.65 195.40 186.65 206.63 290.55 108.00 33 191.90Astral Poly [1] 1821.35 1845.00 1768.55 1862.40 1753.55 536.77 2525.00 1411.70 86 1845.05AstraZen [2] 2656.65 2600.80 2610.00 2629.90 2586.85 11.98 4580.00 2587.80 107 2600.45AstronPaper 42.20 40.80 41.80 41.80 38.95 80.87 74.40 35.00 13 40.80Atul 9203.85 9097.80 9026.20 9143.20 8989.00 17.1710975.40 6286.00 43 9111.00Atul Auto [5] 178.70 173.30 178.70 179.90 146.50 88.03 270.00 162.60 - 173.75Aurionpro 313.15 302.95 306.75 307.40 297.50 50.93 390.40 79.05 29 303.65AurobindoPh [1] 639.05 637.55 625.00 639.90 615.10 2240.22 1063.75 590.25 24 638.15AurumProptec 121.35 115.30 115.30 117.65 115.30 80.22 223.20 70.80 - - AUSmallFinBk 1262.05 1261.00 1247.00 1265.00 1226.20 763.03 1420.65 910.00 42 1260.60Ausom 67.15 64.35 62.15 68.80 62.15 20.13 118.15 44.00 41 64.35Auto Axl 1465.25 1443.05 1452.00 1505.00 1402.90 18.32 1650.00 945.00 35 1428.00AvadSug&Egy 529.60 537.20 516.00 555.50 500.00 239.45 684.30 175.00 8 536.75Avanti Feeds [1] 537.70 522.80 526.00 529.05 512.05 216.39 675.00 411.85 37 521.80AvenuSupmart 4096.60 4157.10 4001.00 4179.00 3990.00 484.78 5899.90 2677.00 170 4156.50AVT Natl [1] 89.15 85.55 87.35 87.35 84.00 288.32 109.95 41.60 19 86.55Axis Bank [2] 788.85 779.15 766.10 787.00 766.10 6923.56 866.60 626.40 21 779.25AYM Syntex 114.10 109.80 107.00 112.60 106.00 45.89 158.50 41.00 10 109.80

B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .BafnaPharma 144.30 132.25 140.00 140.00 129.90 116.91 196.10 113.30 - - Bajaj Auto 3579.50 3600.70 3520.00 3615.00 3515.00 432.56 4347.95 3028.35 21 3599.65Bajaj Elect [2] 1174.50 1128.70 1140.00 1154.95 1122.00 84.32 1588.55 895.30 74 1127.85Bajaj Hind [1] 13.90 13.35 13.40 13.65 13.25 5972.63 24.75 5.20 - 13.40Bajaj Hld 5352.90 5198.70 5200.00 5265.70 5151.20 20.94 5654.00 3145.00 36 5206.85BajajConCare[1] 166.95 163.55 164.40 164.75 162.15 382.45 323.50 162.30 13 163.50BajajFin [2] 7006.35 7011.35 6800.00 7036.15 6789.00 1258.73 8043.50 4361.60 81 7010.00BajajFinserv [5] 16012.25 16189.45 15300.00 16270.00 15275.00 322.37 19319.95 8962.20 447 16222.30BajajHealth 362.55 373.90 352.00 377.05 346.65 77.67 496.30 290.90 - - Bal Phr 104.30 100.55 103.00 103.00 98.40 39.66 148.50 50.45 15 100.70Balaji Amn [2] 2861.65 2787.30 2749.00 2825.85 2700.50 103.37 5220.00 1553.85 30 2786.00Balaji Tele [2] 74.70 78.15 71.00 83.00 69.85 2429.37 88.95 51.00 - 78.95BalaxiVentre 420.15 407.15 405.00 420.15 403.00 1.16 747.00 392.20 - - Balkrishna [2] 1943.45 1898.90 1900.00 1910.00 1855.00 367.43 2724.40 1516.80 26 1897.45BalmerLaw 123.35 119.60 121.50 122.25 118.20 308.91 170.95 111.75 14 119.70Balrampur [1] 393.00 397.25 381.30 405.15 365.55 5387.49 459.25 165.80 18 396.75Ban.Amn.Sp [5] 75.05 70.95 72.50 73.15 69.25 306.84 100.60 37.47 8 70.90Ban.Amn.Sug 2445.75 2374.40 2401.00 2438.95 2361.45 1.21 3049.05 1510.00 38 2386.80Banar.Beads 88.25 82.45 85.00 88.45 80.00 45.31 116.00 44.20 21 81.55Banco Ind [2] 148.75 146.20 145.95 148.00 142.05 109.89 225.00 137.70 11 146.05BandhanBank 314.00 307.60 305.00 310.00 301.40 4949.45 371.15 229.65 - 307.40Bang Over 34.40 34.95 33.00 35.65 33.00 9.91 54.85 25.00 12 34.90BankofBarod[2] 103.75 104.85 101.20 105.80 99.0551955.99 118.85 61.80 12 104.65Bans.Syn 217.75 206.40 213.00 213.80 202.45 81.76 318.00 82.20 8 204.05BarbequeNatn 1295.95 1240.50 1250.00 1295.95 1217.00 26.15 1945.95 481.85 - - BASF 2742.90 2748.00 2699.95 2785.95 2690.00 59.92 3926.95 1876.95 24 2744.00Bata India [5] 1888.30 1883.50 1822.00 1892.00 1822.00 242.53 2261.65 1265.00 359 1882.40Bayer Crop 4383.60 4331.55 4350.05 4390.00 4325.50 8.53 6127.45 4321.90 38 4328.55Beardsell [2] 14.95 14.25 14.25 14.25 14.25 15.49 23.50 7.99 - 14.25Bedmutha 72.40 69.95 72.40 72.40 68.80 40.76 93.80 20.05 1 70.10BEL [1] 198.15 197.35 195.00 200.10 193.35 6803.23 227.95 115.90 19 197.35BEML 1536.95 1509.30 1500.00 1537.15 1475.00 235.50 2084.00 953.00 39 1507.90BergrPaintIn [1] 726.65 727.05 705.60 728.85 705.60 420.29 872.00 675.00 95 727.70BestAgrolife 958.65 888.30 939.45 949.00 871.00 75.24 1407.80 202.35 - - BF Inv [5] 301.30 291.05 290.00 299.30 288.70 10.30 445.95 260.00 33 291.00BF Util [5] 359.70 339.05 353.90 353.90 327.35 199.20 538.95 227.40 - 339.30BGR Engy 81.85 76.85 80.00 80.30 74.10 308.47 124.50 41.10 - 76.90Bhageria Ind [5] 230.45 223.60 225.05 231.65 216.00 54.70 328.55 146.25 14 222.35BhagiradaChm 1027.25 995.00 990.50 1097.50 976.55 1.29 1130.00 719.15 - - BhagngrInd [2] 46.50 44.90 44.50 46.35 44.00 27.22 65.00 32.85 - 44.90BhagyangrPr [2] 31.05 30.70 30.65 32.00 30.45 32.36 39.90 24.60 - 31.45Bhans.Eng [1] 137.35 137.00 130.10 138.20 130.10 623.00 221.80 125.50 5 136.95Bharat Bij 1760.80 1703.30 1706.00 1725.15 1679.55 16.34 2169.00 1068.00 17 1698.35Bharat For [2] 684.40 691.00 652.00 696.05 650.50 1639.09 848.00 555.60 32 692.30Bharat Gea 150.45 142.35 146.10 154.80 141.50 122.15 190.20 65.80 7 142.30Bharat Ras 11900.35 12249.55 11890.00 12499.00 11821.05 6.23 15100.00 9206.00 32 12187.85Bharat Wire 73.20 69.75 71.95 72.95 69.55 63.41 87.00 33.50 13 69.95BharatDynamc 459.70 444.40 435.00 457.70 435.00 326.24 535.70 321.50 16 444.30Bharti Air [5] 709.95 699.25 694.20 702.50 687.50 9148.80 781.90 490.15 - 699.90Bharti Infr 264.30 252.55 255.00 267.10 248.90 10.22 383.00 131.05 27 250.85BHEL [2] 50.50 49.45 49.70 50.10 48.2051316.74 79.50 39.10 - 49.45BigBlocCons [2] 79.50 75.85 76.60 77.90 75.60 143.89 92.50 15.44 62 75.90Biocon [5] 387.50 384.30 380.95 385.50 377.25 1727.26 424.10 314.90 - 383.65BioflChm&Pha 65.70 61.55 61.00 65.00 60.40 40.19 107.00 55.00 - 61.30BirlaCable 118.80 110.55 116.35 116.35 107.40 309.78 144.45 54.00 19 110.50BirlaCorp 1114.25 1080.65 1099.95 1099.95 1064.00 222.30 1649.00 753.55 23 1081.75Birlasoft 412.90 416.70 395.10 419.55 392.60 3623.02 585.85 215.90 - - BirlaTyres 22.65 22.20 22.00 22.75 22.00 230.22 31.95 21.00 - - Bk of Ind 51.35 50.20 50.00 50.50 49.60 4096.99 90.10 48.80 7 50.15Bk of Mah 18.65 18.00 18.00 18.40 17.75 5121.45 31.95 17.25 13 17.95BL Kash [1] 24.05 23.20 22.90 23.75 22.90 389.97 33.00 13.60 14 23.25BlackBox 817.00 862.95 804.75 925.00 780.00 18.98 1750.00 768.10 - - Bliss GVS [1] 77.80 75.80 76.00 82.35 74.60 857.37 190.00 74.65 10 75.85BLSIntlServ [1] 214.70 209.50 211.00 221.85 204.40 463.12 309.25 81.00 - 210.35Blue Dart 6277.75 6104.25 6122.00 6190.00 6033.25 14.23 7499.00 4170.00 41 6132.35BlueStar [2] 1060.50 1068.80 1040.00 1091.05 1009.70 155.40 1134.90 701.00 77 1064.65Bodal Chem [2] 103.35 100.30 100.35 102.00 98.85 266.67 150.00 66.85 9 100.20Bomay Bur [2] 986.80 963.55 978.95 984.30 962.00 43.77 1424.40 960.00 - 963.10Bombay Dye [2] 103.90 100.00 99.00 102.40 98.70 2882.08 129.80 64.50 - 100.00Bombay Ray 7.35 7.05 7.15 7.45 7.00 266.16 13.31 5.60 - 7.08BombySuprHyb 333.20 327.50 343.20 343.20 321.15 2.94 484.00 129.35 - - BorosilRenew 582.60 554.30 540.00 567.70 531.00 631.84 747.90 213.25 - - Bosch 15787.00 15970.15 15580.00 16076.95 15399.00 37.51 19244.50 13230.00 35 15965.35BPCL 368.75 355.30 360.00 364.45 349.30 7053.08 503.00 349.40 6 355.35BPL 58.00 55.70 55.00 57.30 53.10 112.74 176.65 19.00 - 56.05BrandConcept 74.05 70.40 75.00 75.00 70.35 16.61 82.15 53.25 - - Brigade 496.00 492.60 475.05 502.10 475.05 242.14 542.90 230.90 34 492.90Britannia [1] 3475.25 3489.75 3405.00 3498.00 3405.00 246.37 4152.05 3317.90 54 3490.15Brooks Lab 83.75 82.95 81.50 87.95 78.70 48.14 155.00 49.95 - 83.45BSE 2163.65 2064.20 2046.55 2110.00 2030.00 1121.05 2373.70 535.50 - - BSL 98.30 95.80 94.00 96.55 93.40 14.06 134.80 29.50 8 95.35BtrflyGandhi 1378.45 1387.20 1348.00 1400.00 1320.00 339.94 1399.15 478.00 56 1391.30

C . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Cadila HC [1] 371.15 366.45 364.35 368.00 355.60 2866.90 673.70 355.70 33 366.75Calif.SW 41.85 39.80 39.80 39.80 39.80 6.40 52.80 7.87 10 39.90Camlin Fine [1] 130.15 128.50 127.50 133.80 124.80 316.25 230.80 116.30 - 128.10Canara Bk 232.95 230.45 221.00 231.90 221.0015256.95 272.80 124.35 7 230.40CanFinHom [2] 592.50 586.45 578.95 588.90 572.20 620.64 721.25 468.10 17 585.65Cantabil 884.70 849.35 850.00 884.45 833.25 28.29 961.15 346.30 37 844.40CapaciteInfr 134.15 130.95 128.00 132.50 125.20 154.84 251.05 123.70 15 131.25

CapitalTrust 113.65 114.20 113.50 116.90 110.45 11.44 153.85 70.60 - 114.40Caplin Point [2] 749.65 733.25 737.00 752.00 724.00 101.11 1034.00 402.00 29 732.65CapriGlo [2] 589.80 593.70 590.25 600.00 588.00 285.09 629.95 335.00 72 591.35CARE 518.45 520.35 500.00 524.85 490.00 120.78 791.15 410.00 20 521.20CarrerPnt 113.15 112.00 110.00 113.45 106.60 24.33 184.40 107.60 20 112.00CartradeTech 562.30 561.05 538.00 586.00 538.00 527.92 1618.00 538.00 - - CastrolIndia [5] 113.65 112.20 112.60 112.80 111.20 712.73 154.90 111.20 15 112.20CCL Prd [2] 459.15 455.70 455.95 462.80 445.65 403.28 514.90 225.00 37 455.15Ceat 1012.35 994.60 988.00 1005.65 975.00 51.74 1683.25 987.00 21 992.05CEEBCO 41.10 40.00 40.30 41.60 38.60 205.40 59.50 14.60 31 39.90CEInfoSystem 1387.45 1346.20 1366.50 1385.00 1316.00 504.20 1917.40 1267.05 - - Cent Enka 508.10 483.80 499.90 504.80 481.00 104.69 638.95 233.10 6 483.25Cent.Bk 19.70 19.00 19.00 19.30 18.20 3564.88 29.65 15.80 - 19.00Cent.Elec 441.80 443.75 429.00 448.80 426.95 12.80 659.20 350.00 - 443.00Cent.Ext [1] 11.00 10.20 10.60 10.80 10.05 393.29 15.77 3.86 - 10.19Cent.Ply [1] 594.35 594.80 590.00 599.85 582.20 186.94 714.95 282.80 42 594.65Cent.Txt 785.55 751.95 779.00 779.00 740.95 379.76 1025.00 434.60 56 752.20CentDepoSer 1408.45 1375.15 1335.00 1388.30 1335.00 698.68 1734.40 565.50 - - CentrumCap [1] 28.05 27.05 26.70 28.05 26.70 420.81 58.50 22.00 - 27.10Cera San [5] 4146.20 4172.25 4100.00 4314.90 3953.20 20.87 6430.45 3589.05 39 4179.10Cereb.Int 82.20 79.05 80.45 81.70 78.00 378.38 99.00 46.55 35 78.75CESC [1] 78.40 75.95 76.40 76.95 74.70 1803.93 102.45 57.50 12 75.95CGPowr&InS [2] 170.30 169.25 161.85 172.70 161.80 1770.11 209.05 53.50 26 169.40ChaletHotels 282.75 272.45 276.20 280.00 263.00 2057.50 301.40 125.05 - 269.45ChamanLalSat 91.70 89.95 91.00 91.55 85.00 54.48 155.00 85.00 - - Chamb.Frt 372.50 366.80 359.00 372.55 357.00 1067.78 485.00 207.30 12 367.45ChembondChem 183.40 181.40 184.95 184.95 176.45 13.92 251.15 120.00 60 180.60ChemconSpecl 303.35 293.35 296.00 300.45 290.25 93.48 569.40 290.25 - - ChemfabAlkal 180.15 182.40 179.90 187.50 171.30 21.98 239.00 115.00 - - ChemplastSan 500.25 477.05 496.00 496.00 470.50 691.28 826.00 470.50 - - CholaFin [2] 674.15 691.60 664.15 701.00 649.85 6128.20 701.75 466.80 33 691.75CholamandFn[1] 669.45 660.10 653.95 671.95 644.00 72.66 763.05 545.00 242 659.25Cigniti Tech 515.05 521.60 505.00 527.00 500.00 67.07 677.00 310.60 34 521.70Cineline Ind [5] 101.75 94.45 96.50 99.85 92.50 53.83 131.30 27.50 - 95.25Cinevistaas [2] 13.90 13.25 14.00 14.00 13.25 45.99 24.48 5.70 - 13.12Cipla [2] 907.25 913.40 893.20 918.00 890.75 1884.74 1005.00 738.25 27 913.10CitiUn Bk [1] 127.80 128.30 125.70 128.90 124.85 1627.57 189.60 124.90 14 128.25Clari.Chm 488.10 485.40 480.30 487.00 480.30 41.31 642.20 365.05 29 485.00CleanSci&Tec 1936.70 1862.35 1870.00 1924.70 1845.00 221.04 2705.00 1422.10 - - CLEducateLt [5] 125.00 122.65 117.50 125.00 113.30 101.25 137.00 32.10 - 122.15CMSInfoSystm 240.80 240.50 231.05 245.30 231.05 1153.67 317.45 215.10 - - Coal India 161.20 159.90 159.50 160.65 155.5011654.82 203.85 123.45 10 159.90CoastalCorpn 352.15 337.05 346.00 346.65 330.00 51.14 564.50 237.75 - - CochinShip 307.60 301.60 305.10 305.90 300.20 147.02 433.75 300.00 8 301.80CoffeeDayEnt 58.30 59.20 55.00 62.65 54.15 5154.68 86.70 23.25 - 59.20COFORGE 4412.90 4418.10 4205.10 4448.65 4205.10 283.21 6135.00 2300.00 - - Colgate [1] 1410.90 1422.80 1390.10 1426.20 1390.00 300.02 1823.00 1375.55 36 1421.55CompuageInf[2] 32.40 30.90 31.00 31.60 29.75 628.00 47.20 14.30 8 31.00ComputerAge 2417.70 2339.45 2360.00 2384.65 2320.00 242.90 4067.40 1701.00 - - Con.FinHld 191.00 183.40 178.20 186.95 173.95 21.61 78.40 26.55 - - Concor [5] 588.55 574.65 575.50 578.95 564.05 2185.10 754.10 528.05 45 575.05ConfdnPetInd[1] 71.00 68.80 68.00 70.00 67.05 1197.29 95.40 37.20 20 68.90ControlPrint 362.50 363.75 358.15 373.45 355.00 35.67 444.80 219.35 16 362.80CoralIndFin [2] 38.90 36.70 38.00 38.50 36.25 76.44 58.50 19.05 9 36.90Cords Cab 52.30 51.35 49.20 52.45 49.20 27.98 83.40 38.00 10 51.35Corom.Intl [1] 786.40 790.80 780.00 797.45 756.85 266.13 955.95 709.55 17 790.90Cosmo Film 1598.05 1503.40 1461.35 1561.90 1461.35 106.18 1888.00 467.15 10 1503.60CPCL 103.20 100.75 100.00 101.90 99.00 423.56 151.80 93.00 3 100.85CraftsmnAuto 2021.80 1988.65 1930.00 2000.00 1930.00 6.91 2778.00 1245.00 - - CrdtacsGramn 695.50 703.30 652.50 719.80 652.50 149.89 807.55 495.30 36 701.75CreatPer&Dis[5] 3.80 3.65 3.80 3.80 3.65 2.80 6.14 2.57 - 3.65CreatPer&Dis 561.60 545.65 533.55 558.00 533.55 97.06 743.95 83.90 - - Crisil [1] 2785.15 2771.85 2700.00 2800.00 2700.00 21.09 3496.00 1742.35 46 2779.55CromGreaCo [2] 392.30 380.00 386.00 394.45 370.55 2316.83 512.05 350.35 36 378.60CrownLifters 27.25 26.05 27.95 27.95 25.90 10.56 38.65 25.85 - - CSBBank 220.40 229.70 215.35 233.90 212.55 679.27 372.95 202.15 11 229.45CubexTub 25.75 25.60 24.55 25.95 24.50 43.35 38.85 15.55 17 25.85CUMI [1] 865.05 853.15 845.00 865.40 828.65 275.92 1033.95 438.55 63 864.95CumminsInd [2] 970.65 950.25 931.30 961.45 931.30 583.73 1065.00 720.85 34 951.30Cupid Ltd 211.80 209.95 208.60 211.00 205.95 20.90 272.00 202.00 14 210.25Cybertech 169.20 159.60 158.50 164.75 153.95 170.62 245.70 113.00 53 159.20CYIENT Ltd [5] 849.25 840.05 810.00 848.35 807.05 162.23 1292.00 598.00 28 838.10

D . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .D P WIRES 315.15 309.15 310.00 314.95 300.00 10.07 385.80 101.30 - - Dabur [1] 553.60 550.05 542.90 551.85 542.20 1465.49 658.75 483.00 68 549.50Dalm.B.Sug [2] 397.20 387.20 389.25 393.45 371.00 65.44 516.00 142.50 11 388.70DamodarInd [5] 59.40 56.90 58.30 60.80 56.60 55.16 78.75 21.50 6 56.95DangeeDums 226.55 231.20 215.00 238.00 215.00 18.56 249.90 127.00 - - Datamatics [5] 279.70 258.55 251.10 271.00 251.10 246.91 382.40 108.00 21 257.40DataPatrnInd 620.55 597.60 608.90 608.90 584.25 291.97 864.00 584.25 - - DB Corp 85.85 83.00 84.50 85.20 81.85 168.45 124.60 76.05 9 82.90DCB Bk 78.30 73.75 77.75 77.75 73.40 2155.90 119.65 73.40 9 73.85DCM 102.10 101.80 102.10 107.00 96.80 46.70 145.05 23.00 32 100.55DCMNouvelle 253.45 240.80 242.10 253.15 240.80 75.53 385.10 65.10 4 240.55DCMShriram [2] 1003.70 956.85 952.00 989.75 950.00 99.80 1249.95 450.45 17 956.90DcmShrirmInd 96.10 93.00 90.00 95.45 90.00 417.15 116.75 82.00 - - DCW [2] 40.05 38.95 38.10 39.80 38.10 677.38 65.95 23.35 18 39.10Deccan Cem [5] 569.60 549.45 548.10 568.55 543.25 15.40 846.25 378.00 7 547.50DeepEneResou 41.00 39.80 40.05 40.95 38.55 44.62 62.70 30.50 - - DeepIndust 191.65 182.30 187.00 187.30 181.00 88.77 225.60 57.30 - - Deepk.Fer 527.70 513.75 507.55 521.70 506.65 617.13 661.90 152.20 34 513.75Deepk.Ntr [2] 2004.80 1978.55 1919.00 1988.00 1905.00 1400.83 3020.00 1245.55 61 1979.55DelphWrldMon 455.90 435.55 450.00 450.00 423.80 1.93 818.00 415.95 - - Delta Corp [1] 265.30 257.85 256.50 261.50 249.60 5733.52 308.55 142.00 70 257.85Delta Mag 65.20 64.80 63.00 69.15 60.10 16.63 111.35 26.25 - 65.00Den Net 40.65 39.30 40.00 40.00 38.55 2138.02 65.30 37.35 11 39.30DevInfoTech 118.55 112.65 112.65 118.50 112.65 3.13 140.30 112.65 - - DevyaniInter 158.75 156.30 150.00 158.00 150.00 2953.64 198.90 107.55 - - DFMFoods [2] 281.20 273.45 275.00 282.00 272.00 90.62 452.80 260.00 - 273.50Dhamp.Sug 371.60 363.80 360.00 369.80 352.10 625.08 431.50 165.45 10 363.70DhaniService 103.40 82.75 89.10 91.80 82.7563851.32 378.90 82.75 - - Dhanlk.Bk 13.40 13.00 13.20 13.35 12.95 516.45 20.20 12.93 - 13.05Dhanuka Ag [2] 700.15 675.30 691.00 697.95 670.00 56.79 1053.15 665.10 16 676.50DhrmsiMorarj 368.90 347.00 355.00 363.30 341.00 39.29 413.75 294.55 - - DhruvConsult 53.65 53.70 53.00 55.00 49.10 34.54 84.35 47.70 - - Dhun.Inv 642.10 623.85 628.65 634.80 613.00 2.03 865.00 241.00 75 621.85Dhunseri Tea 251.65 243.25 244.00 249.85 241.00 11.09 405.20 155.07 8 242.90DhunseriVent 235.95 224.90 234.25 235.15 223.35 65.06 350.00 85.05 - - DIC India 377.45 373.50 385.00 385.00 369.00 3.16 549.00 367.50 28 370.95DigispiceTec 35.30 32.65 34.00 35.10 32.00 234.28 60.70 32.00 - - DIGJAM 158.50 150.70 150.60 154.45 150.60 8.00 362.30 29.15 - - DilipBuildco 283.80 269.45 274.00 279.00 267.00 884.68 749.30 266.90 - 269.40Dish TV [1] 15.90 15.20 15.50 15.70 14.80 9695.46 23.44 8.55 - 15.20DishmanCarb[2] 175.45 169.20 171.50 175.00 165.40 605.11 259.50 102.55 - 168.50Divi'sLabs [2] 4258.30 4224.80 4150.00 4245.20 4135.70 430.41 5425.00 3154.50 44 4224.40DixonTec(In) [2] 4086.80 4159.50 3970.00 4182.10 3936.95 397.08 6240.00 3344.45 154 4157.95DLF Ltd [2] 346.50 324.35 331.00 338.35 323.2519176.81 449.80 231.95 51 324.45D-Link [2] 146.30 141.95 141.90 145.75 140.80 229.43 193.95 94.80 13 141.90DodlaDairy 454.00 432.65 430.00 448.95 425.00 17.04 674.80 425.00 - - DolatAlgotec 80.85 77.95 80.00 80.70 76.55 218.94 127.90 51.35 - - DollarInd [2] 514.05 499.85 500.20 513.00 478.65 142.60 665.70 225.90 22 500.70Donear [2] 64.55 61.35 61.50 64.15 61.35 30.79 76.50 25.25 19 61.55DPAbhushan 375.25 367.15 352.00 384.10 352.00 6.22 477.80 105.10 - - DPSC 14.25 13.55 13.70 14.10 13.55 289.91 31.15 11.55 - - Dr Reddy [5] 4298.25 4218.50 4189.95 4235.60 4155.70 480.84 5613.65 4135.90 46 4210.50Dred.Corp 324.90 319.30 319.50 323.65 316.70 48.21 475.00 297.00 - 318.00DrLalPathLab 2684.40 2667.65 2638.00 2698.85 2575.00 300.14 4243.00 2162.00 62 2659.00Dwarikesh [1] 85.00 82.20 82.10 84.15 79.00 3756.43 104.00 26.65 11 82.20Dynac.Sys 186.20 173.45 177.00 182.55 171.00 47.16 267.00 60.25 15 173.15Dynamatic 1918.15 1901.50 1909.00 1921.90 1825.00 8.58 3447.85 785.00 35 1898.45DynemicProd 543.70 526.90 543.50 544.60 515.00 48.93 770.25 355.05 24 525.80

E . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .EasyTripPlnr 564.85 549.15 540.00 560.00 533.00 484.38 717.65 161.00 - - Eclerx 2138.00 2106.40 2101.25 2198.90 2073.05 95.32 2970.00 905.00 21 2104.00EdelFinSer [1] 60.75 60.00 60.00 60.55 58.05 898.33 100.80 56.70 4 60.00EicherMotor [1] 2699.00 2725.50 2630.00 2730.00 2620.05 575.20 2995.35 2303.75 50 2724.80EID Parry [1] 410.70 396.20 399.50 413.95 395.00 313.38 574.00 303.00 28 396.20EIH [2] 137.05 130.65 134.50 139.00 126.65 1139.09 155.00 81.35 - 130.45EIH A Htl 371.80 367.10 368.00 373.30 358.15 15.79 449.95 207.35 122 365.80Eimco 333.55 331.85 321.00 334.00 321.00 3.32 539.75 314.05 38 331.95Elec. Eng [2] 148.50 143.15 144.75 146.10 141.65 464.74 219.00 50.90 19 143.40Elec.Stl.Cs [1] 38.25 37.15 37.00 37.80 36.50 1249.73 48.00 21.80 12 36.95Electrotherm 112.80 109.90 111.00 112.65 106.80 42.13 197.90 96.20 2 110.05Elgi Eqp [1] 341.25 325.90 330.00 336.40 320.65 666.19 422.70 160.30 58 324.70Elgi Rbr 35.10 33.10 34.40 35.00 32.10 64.10 49.80 24.55 - - Emami [1] 495.80 494.95 488.50 499.60 488.50 240.21 621.35 443.00 38 495.50EmamiPapMi[2] 138.10 133.70 137.95 137.95 132.20 35.70 214.90 91.15 9 134.10Emkay Glo 109.05 103.70 105.55 106.00 101.10 80.20 147.50 59.60 14 103.50Emmbi Ind 98.55 94.90 98.55 102.95 93.50 85.30 125.00 72.15 10 94.60EnduranceTec 1395.60 1364.20 1358.00 1369.90 1343.95 42.38 1980.95 1250.00 45 1366.15Eng.India [5] 63.00 61.65 62.00 62.40 61.10 992.45 93.60 61.30 16 61.65Ent.Net.Ind 189.20 189.25 182.00 193.95 182.00 36.61 226.95 140.00 126 190.80EPL 163.35 162.20 159.60 163.40 158.00 327.79 291.95 158.00 - - EqitsSmlFnBk 55.70 53.90 54.00 54.40 52.25 904.90 76.80 45.30 - - EquipSocImpT 73.45 68.50 67.05 72.75 67.00 22.39 142.30 2.05 - - Equitas Hold 114.20 110.15 113.95 113.95 109.50 618.99 144.85 73.00 - 110.35ErisLifeSci [1] 693.80 685.05 685.00 689.95 675.00 43.90 863.15 568.05 23 685.85Eros Intl 25.75 24.60 24.00 25.50 23.50 673.56 36.95 16.35 - 24.65Esab Ind 2774.75 2715.90 2728.00 2735.20 2640.80 8.54 3610.00 1750.00 50 2725.15Escorts 1861.05 1860.05 1852.00 1863.95 1850.50 306.65 1927.35 1100.10 30 1861.90Ester [5] 134.45 128.95 130.00 134.45 127.75 123.60 164.60 98.10 8 129.10EuroFrshFood 109.85 108.50 111.90 114.50 105.80 5.78 153.95 105.00 - - Ever.Kanto [2] 209.30 198.85 198.85 202.65 198.85 232.25 291.15 67.15 12 198.80Everady [5] 350.20 347.65 334.00 362.90 327.60 866.63 413.30 228.55 9 347.05Everest Ind 707.20 663.10 685.00 695.95 647.60 203.69 775.00 275.00 20 663.05Excel Ind [5] 1215.80 1184.75 1200.00 1202.80 1170.00 38.15 1375.00 776.95 11 1184.15Exide [1] 154.25 151.10 152.20 152.30 146.00 2522.33 220.60 148.30 16 151.00ExpleoSolu 1398.95 1417.35 1311.00 1448.35 1311.00 27.52 1874.00 469.00 - - ExxaroTiles 120.35 115.05 116.90 119.80 110.00 102.68 172.70 98.45 - -

F . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .FACT 114.40 112.25 114.40 115.45 107.65 203.61 160.00 75.30 22 112.45FaircheOrgan 1688.45 1622.65 1668.20 1679.90 1611.00 37.29 2274.80 581.00 - - FDC [1] 284.70 280.05 277.20 283.35 275.40 139.84 404.90 260.00 19 280.35Fed Bk [2] 99.75 99.45 97.75 100.05 96.1525227.55 107.65 70.00 11 99.45Fed.Goetze 255.20 249.30 242.00 254.95 241.30 275.67 358.20 207.10 25 250.25FiberwebInd 43.75 42.85 42.50 45.00 41.00 136.42 52.45 41.00 - - Fiem Ind 1011.60 978.00 990.00 999.45 973.00 49.91 1377.70 524.95 14 977.70Filatex [2] 119.40 111.65 115.90 117.50 110.10 993.33 142.30 61.50 7 111.35Fin.Cable [2] 457.40 443.60 453.00 454.95 440.00 108.34 608.65 350.60 17 443.20FineOrgInd [5] 3888.00 3783.15 3710.00 3845.00 3710.00 18.07 4174.10 2130.00 68 3781.65FineotexChe [2] 161.65 157.25 152.25 159.50 152.25 985.24 180.30 56.60 41 157.15Fino.Ind [2] 156.10 151.80 153.80 153.95 150.50 523.42 268.00 120.00 11 151.85FinoPaymntBk 291.65 279.10 287.00 287.00 277.65 174.96 582.95 277.65 - - Firstsource 123.80 121.60 119.90 122.90 117.45 5465.26 242.65 95.75 20 121.55FocusLtg&Fix 121.30 115.25 115.25 115.25 115.25 0.79 129.95 71.25 - - Foods&Inns 87.35 84.35 84.35 86.75 81.95 31.15 125.00 79.00 - - ForceMotors 1066.55 1025.60 1031.00 1057.00 1014.15 35.48 1740.00 1014.15 - - Fortis Hlt 256.25 249.35 252.00 256.25 246.50 1621.31 313.80 156.00 - 249.40Foseco 1372.30 1328.05 1325.00 1359.90 1323.10 1.42 1790.00 1126.85 26 1343.95FSNECommVent 1327.55 1331.05 1286.85 1353.00 1219.05 1855.66 2573.70 1219.05 - - Fut. Life [2] 48.05 47.25 47.00 47.85 46.10 147.37 89.55 43.55 - 47.25Fut. Mkt 8.55 8.30 8.25 8.65 8.25 44.46 21.00 7.50 - 8.42FutEntpDVR [2] 12.20 11.75 12.30 12.30 11.30 19.00 16.89 9.75 - 11.57Future Cons 6.90 6.70 6.80 6.85 6.65 4073.12 11.95 5.85 - - FutureEntp [2] 8.60 8.30 8.40 8.50 8.10 751.39 13.92 7.61 - 8.30FutureRetail [2] 46.15 44.55 44.20 45.75 44.20 3223.49 77.50 40.60 - 44.55FuturSuplyCh 63.85 62.80 63.80 63.85 60.40 48.82 121.95 59.35 - 63.00

G . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Gabriel [1] 115.70 112.70 109.00 113.60 108.65 683.30 168.00 99.90 18 112.45Gail(India) 136.30 134.55 132.10 135.50 132.0511246.95 171.35 125.20 6 134.65GalaxSurfact 2963.15 2845.30 2862.00 2929.95 2798.15 55.88 3600.00 2030.00 77 2846.00Gallant Isp [1] 48.50 46.80 48.85 48.85 45.00 24.68 69.90 33.65 14 47.20Gallant Mtl 62.25 60.45 58.70 63.60 58.00 64.84 88.00 42.80 7 60.45Gandhi Tub [5] 345.15 331.70 341.00 344.55 323.45 3.94 557.85 240.00 9 333.65Ganesh Hsg 193.90 187.95 185.10 191.30 180.85 59.27 243.50 43.20 - 188.05Ganesha Ecos 632.95 644.00 622.00 648.90 616.40 133.65 742.30 460.00 21 644.20GaneshBenzop 90.70 90.20 87.10 91.35 86.65 67.72 114.95 76.10 - - GangaForging 16.65 15.85 15.85 16.30 15.15 641.72 147.25 13.65 - - GangesSecu 99.35 99.30 97.05 99.50 95.35 21.07 107.05 56.00 16 99.45GardenReach 221.10 210.80 214.80 215.00 206.00 237.95 279.80 167.65 12 210.40GarwareHiTec 662.55 613.45 650.00 653.80 606.05 47.45 889.00 606.05 - - GarwarTecFib 2932.95 2850.10 2872.55 2924.95 2790.00 23.44 4033.40 2285.15 39 2850.10Gati [2] 152.30 150.40 143.75 154.70 142.35 798.05 221.75 88.10 - 150.50Gayt. Proj [2] 25.00 24.85 23.60 25.40 22.65 933.61 60.65 21.65 - 24.95GE Ship 316.00 315.00 313.10 316.00 307.60 253.88 477.00 261.70 7 315.45GE T&DInd 93.35 90.00 93.35 93.35 88.35 174.23 153.80 88.35 - - Geecee 180.10 168.55 173.10 179.80 165.00 223.99 211.25 91.20 17 167.25GeewayWires 78.45 71.25 75.00 78.00 66.05 59.13 112.90 66.05 - - Genesys [5] 440.30 462.30 438.95 462.30 418.30 203.54 467.15 71.45 92 467.15GenInsCorpIn[5] 125.50 122.30 121.00 124.60 121.00 239.25 243.70 117.50 15 122.25GenricEngCon 33.80 34.65 35.35 35.90 32.50 45.43 68.00 32.50 - - Genus P&B [1] 13.65 13.20 13.00 13.95 12.40 350.14 16.42 6.25 - 13.30Genus Pwr [1] 68.25 66.55 65.10 67.50 64.00 606.63 93.85 36.85 38 66.55GeojitFinSer 67.95 66.85 64.00 67.80 64.00 330.23 102.70 43.55 - - GEPowerIndia 157.50 151.35 150.30 156.25 148.00 207.93 371.80 146.85 - 151.75GFL 66.40 65.00 65.00 66.20 63.60 66.37 118.00 60.50 - - GHCL 403.70 390.20 390.00 400.90 385.00 238.43 488.00 208.00 8 390.35GIC Hsg 140.05 135.15 138.00 138.05 134.00 133.49 202.50 104.60 4 135.30Gillander 66.00 65.00 70.95 70.95 64.50 15.02 74.50 36.10 9 65.45Gillette 5077.65 4961.45 4750.00 5025.00 4750.00 5.84 6270.05 4890.80 57 4960.00Ginni Fil 45.80 44.20 44.50 45.70 41.95 388.41 63.65 18.00 8 44.10GKW 542.20 565.15 542.65 576.55 534.50 1.02 922.40 460.10 - - GlandPharma 3252.90 3246.10 3189.90 3349.00 3163.70 247.16 4350.00 2308.55 - - Glaxo Phr 1567.40 1525.50 1560.00 1560.00 1516.00 43.23 1917.00 1379.00 49 1522.50Glenmark [1] 455.60 441.55 448.10 462.00 439.55 1355.53 690.60 439.70 7 441.80GlnmarkLifSc 500.45 480.15 495.00 500.00 477.00 92.20 799.00 477.00 - - Glob.Spr 1234.90 1188.20 1197.00 1216.45 1164.00 218.37 1760.00 290.95 19 1188.15GlobalEductn 75.05 73.80 73.30 74.90 71.30 31.51 96.40 35.50 - - GlobeText(I) 11.10 10.50 10.35 11.00 10.25 519.73 19.20 10.25 - - GM Brew 633.75 613.00 630.00 630.65 603.05 34.44 922.85 370.00 11 612.60GMDC [2] 136.40 129.15 127.10 134.55 127.10 5032.76 151.95 52.00 9 129.45GMMPfauder [2] 4511.60 4390.60 4450.00 4487.60 4335.00 22.72 5435.00 3938.25 60 4402.15GMR Inf [1] 39.10 38.10 37.60 38.45 37.4013105.89 49.15 22.50 - 38.10

GNA Axles 500.50 489.65 475.00 506.55 472.90 66.04 1107.35 339.10 11 489.30GNFC 537.55 519.35 522.00 529.60 508.15 2691.95 577.55 235.25 6 519.00Goa Carb 379.60 367.45 370.00 374.50 365.05 34.93 482.20 266.00 12 370.90GOCL Corp [2] 269.15 263.60 266.30 267.80 257.60 12.99 386.00 190.00 26 262.85God.Pow.Isp [5] 313.20 303.85 304.45 306.90 297.55 323.48 460.00 127.83 3 303.90Godfrey [2] 1011.10 1004.25 1004.90 1017.00 980.00 17.98 1409.85 831.85 12 998.15Godrej Cons [1] 809.00 780.90 788.00 794.00 765.00 1867.71 1138.50 644.00 61 781.60Godrej Ind [1] 515.50 505.00 510.00 515.85 501.10 90.83 674.35 426.60 - 507.70Godrej Pr [5] 1587.20 1556.45 1546.95 1583.70 1530.00 785.73 2598.00 1200.10 210 1555.75GodrejAgrovt 482.10 475.00 477.00 477.85 472.65 55.80 746.80 469.70 29 475.20GoFashionInd 940.50 917.00 886.05 945.00 886.05 120.46 1339.90 886.05 - - Gokaldas [5] 353.40 346.20 330.00 349.85 328.50 384.34 430.00 73.05 28 346.50Gokul Ref [2] 33.00 31.35 30.50 33.00 30.45 138.09 47.80 15.50 - 31.60Gold.Tobac 106.15 105.25 102.45 116.75 100.10 14.23 189.85 35.05 35 104.70Goldiam Int 786.20 758.30 775.00 779.90 752.35 70.22 1142.60 299.45 26 760.05GoodyearInd 903.55 886.10 899.80 901.20 879.00 12.16 1020.00 783.00 - - GP Petrol [5] 54.65 51.35 54.45 54.45 50.50 214.71 77.60 34.65 17 51.30GPTInfraProj 75.25 72.20 72.55 74.35 70.95 34.60 107.75 34.00 9 72.50Granuels [1] 297.60 288.90 291.55 296.30 279.35 1459.09 404.50 279.55 18 289.05Graphite [2] 475.75 457.15 450.00 472.35 450.00 691.69 815.35 396.00 16 457.20Grasim [2] 1692.45 1684.15 1637.15 1689.70 1637.15 880.97 1939.00 1192.25 45 1685.65Graur&WeilIn 55.75 53.55 55.00 55.00 52.45 206.31 70.90 52.45 - - Gravita [2] 360.75 345.70 345.05 354.90 335.50 350.64 398.20 73.00 60 344.35GreenlaInd [1] 318.50 313.95 316.00 320.00 301.60 25.65 404.98 178.72 38 313.65GreenPly [1] 186.70 180.70 186.00 186.00 179.00 187.41 254.25 156.55 25 180.65GrenpanelInd 470.70 462.00 450.00 473.30 450.00 384.18 538.50 150.35 - - Grindwel [5] 1580.55 1614.65 1535.20 1658.20 1535.20 193.95 2025.45 802.55 61 1620.65GRInfraproj 1433.50 1383.15 1400.00 1424.85 1362.75 33.26 2267.65 1362.75 - - GRP Ltd 1292.00 1405.50 1255.00 1550.40 1246.50 36.97 1600.60 724.00 23 1417.80Grvs.Cot [2] 175.65 172.25 168.65 173.70 165.60 2336.25 258.85 104.05 167 172.05GSFC [2] 123.05 120.30 119.80 122.75 119.20 1085.96 150.75 76.40 7 120.30GSPL 284.10 278.65 280.00 284.40 271.75 1535.69 383.00 232.60 16 279.60GTL 15.85 14.65 15.50 15.55 14.35 829.38 32.55 4.86 - 14.65GTL Infra 1.75 1.70 1.70 1.70 1.7010461.37 4.90 0.65 - 1.64GTPLHathway 203.10 199.95 200.00 202.85 195.25 71.65 313.15 108.75 16 201.35Gufic Bio [1] 207.40 201.90 204.00 206.95 198.40 149.20 270.10 99.10 22 202.25Guj.Alk 672.25 649.40 629.00 662.65 629.00 259.52 845.50 304.35 13 648.60Guj.Ind.Pow 75.90 74.20 72.50 75.20 72.50 179.26 105.65 72.25 7 74.20Guj.Pipav 89.85 85.90 88.60 90.95 85.25 809.52 124.15 85.40 22 85.95Guj.Sid.Cem 41.85 41.20 40.05 43.00 40.00 97.45 62.60 31.70 10 41.05Gujarat Gas [2] 660.05 643.50 650.00 654.85 632.85 694.25 786.65 482.05 37 642.10Gul.Amb.Ex [1] 180.90 174.40 175.00 182.30 170.65 522.96 226.90 122.50 9 174.85Gul.Apl 218.50 215.70 217.00 217.00 214.00 3.33 277.20 197.20 - 217.25Gulf Oil Lub [2] 472.45 461.90 465.00 471.00 456.95 51.66 803.70 427.95 11 462.45GulshanPoly [1] 312.25 289.45 300.00 305.00 282.10 169.81 429.00 86.75 14 289.80

H . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .HappiestMind 1000.65 982.35 960.00 995.00 956.60 388.12 1580.00 498.05 - - Harri.Mal 148.00 142.65 146.95 147.00 141.05 47.06 250.00 120.20 8 143.10Hathway [2] 19.00 18.15 18.25 18.70 17.70 7783.29 34.80 17.70 - 18.10Hatsun Agro [1] 1065.55 1117.95 1041.00 1135.00 1031.60 241.77 1533.65 676.00 98 1116.85HavellsIndia [1] 1201.15 1203.45 1194.40 1208.10 1166.10 847.36 1503.70 958.35 66 1203.85HBL Pwr [1] 64.05 61.05 62.00 62.70 60.30 1322.56 83.60 29.55 29 61.05HBStockhold 49.55 47.45 49.00 51.00 44.60 14.25 75.05 15.80 - - HCC [1] 16.05 16.35 15.25 16.70 15.2023989.79 20.03 7.00 - 16.32HCG 229.60 234.40 222.60 237.45 220.65 98.11 282.55 159.20 - 233.15HCL Info [2] 18.60 18.05 18.25 18.25 17.70 871.04 31.35 7.95 - 18.05HCL Tech [2] 1164.75 1149.55 1132.00 1154.15 1132.00 3254.86 1377.00 890.00 38 1148.95HDFC [2] 2436.80 2453.95 2385.10 2462.25 2373.15 4604.37 3021.10 2286.45 34 2454.05HDFC AMC [5] 2171.15 2181.70 2152.00 2189.90 2107.00 294.47 3363.00 2106.95 34 2180.30HDFC Bank [1] 1522.10 1510.70 1489.80 1522.10 1487.95 4768.10 1724.30 1353.10 24 1511.45HDFCLifeIns 582.00 572.75 577.00 577.00 565.00 2952.24 775.65 551.70 104 572.45HecInfraProj 36.65 34.35 36.65 36.70 34.25 3.80 45.00 28.80 - - HEG 1275.00 1226.05 1230.00 1243.95 1201.20 226.72 2626.15 1201.50 18 1226.95Heidelbrg 200.00 197.65 198.00 198.90 195.00 90.28 284.55 195.40 15 197.50HemispherePR 114.45 111.00 111.30 112.45 109.15 923.11 167.20 109.15 - - HeranbaIndus 618.75 601.05 605.60 614.80 596.00 121.25 945.00 596.00 - - Herc.Hoi [1] 141.60 142.45 138.50 150.25 136.10 100.75 179.65 108.10 26 142.20Herit.Fds [5] 316.15 323.40 310.90 325.60 304.85 160.27 565.00 289.60 13 323.45HeroMoto [2] 2713.35 2731.00 2674.95 2752.00 2646.05 644.90 3514.20 2310.50 20 2732.50Hester Biosc 2433.05 2373.20 2256.65 2406.95 2256.65 9.57 3180.00 1651.25 43 2376.85Hexa Trade [2] 123.30 122.55 120.30 123.95 120.00 4.10 235.20 52.35 - 121.40HFCL [1] 71.25 70.15 69.85 71.10 68.6012888.57 101.35 23.00 32 70.20HGInfraEngg 598.05 587.65 581.25 594.45 580.50 111.07 830.80 252.60 11 586.50Hikal [2] 381.80 364.00 378.50 378.50 351.35 303.65 742.00 142.85 24 363.75HIL 3978.50 3890.65 3900.00 3977.95 3872.20 7.74 6750.00 2793.70 15 3883.80Hilton Mtl 26.85 25.55 26.30 26.60 25.55 11.81 33.20 9.00 - 25.40HimadriSpec [1] 55.00 53.35 52.10 54.05 52.00 9442.15 69.05 38.90 34 53.25Himat.Seid [5] 173.05 164.60 162.00 170.00 161.95 433.71 311.95 132.00 10 164.85Hind.Compo [5] 282.50 270.15 278.00 279.40 268.65 9.47 373.85 240.00 18 269.00Hind.Cop [5] 117.25 115.05 112.30 115.90 111.00 8328.14 196.90 88.60 45 115.05Hind.Media 67.40 65.35 66.65 66.80 64.00 176.65 107.00 56.15 7 65.45Hind.Mot [5] 10.90 10.40 10.80 10.80 10.40 245.50 18.20 6.15 - 10.40Hind.N.Gls [2] 17.10 16.45 17.10 17.15 16.25 76.24 53.20 16.30 - 16.45Hind.Oil.Ex 190.85 187.30 192.00 193.60 182.20 752.11 245.15 88.50 46 187.20Hind.Znc [2] 312.35 309.20 308.70 311.05 299.55 627.97 407.90 257.00 14 309.40Hindalco [1] 512.00 516.20 501.90 519.25 501.5510664.93 553.85 305.40 26 515.40HindconChem 62.20 61.15 61.60 62.90 60.25 23.70 86.95 41.75 - - HindujaGlo 2733.80 1310.10 1300.00 1330.95 1245.30 147.67 1974.00 565.48 15 1311.00HindustnAero 1301.05 1281.65 1265.00 1289.95 1257.00 607.29 1568.45 925.00 12 1276.70HindustnFood 1978.80 1971.05 1948.00 2002.55 1902.00 6.58 2578.00 1700.00 - - HisarMetalIn 107.50 106.00 107.60 107.60 103.00 4.03 165.00 90.00 6 104.40HiTech Gr 224.20 217.20 220.00 221.80 210.85 10.02 364.90 155.00 11 216.65Hi-TechPipes 540.65 532.80 557.50 557.50 514.65 29.40 335.00 113.85 30 236.85HLEGlascoat 5225.75 5176.45 5051.55 5259.90 5050.00 10.83 7550.00 1755.00 - - HLV 9.75 9.40 9.80 9.80 9.30 182.27 12.95 4.20 - - HomeFirstFin 704.60 702.45 698.20 704.00 650.00 67.34 921.30 440.00 - - Honda Siel 1279.90 1227.90 1260.05 1260.15 1218.00 8.18 1497.80 902.00 17 1225.00Honey.Aut 40642.60 40692.55 40005.00 41260.85 39666.00 9.29 49805.00 38146.90 97 40687.60HOV Services 50.10 47.35 49.40 50.95 45.20 16.56 90.00 37.55 32 47.00HPAdhesives 366.90 357.45 355.05 366.75 355.00 133.35 505.00 355.00 - - HPCL 292.75 291.00 285.00 292.05 267.00 3211.60 354.55 223.00 5 290.85HPLElect&Pow 65.85 63.40 65.00 65.65 62.75 107.66 91.90 40.10 60 63.35HSG&UrbanDev 34.30 33.55 33.00 33.80 33.00 1959.57 58.25 33.05 4 33.60HSIL [2] 297.75 285.40 283.00 291.40 280.10 118.19 352.85 141.00 18 285.40HT Media [2] 31.00 31.70 30.15 33.20 29.10 2349.72 39.15 19.55 - 31.70HuhtamakiInd 183.10 174.85 178.15 180.50 150.80 108.44 345.60 150.80 - - HUL [1] 2294.80 2269.95 2280.00 2280.00 2250.10 902.67 2859.10 2104.25 61 2268.75

I . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Ibull Hsg [2] 166.30 167.80 158.00 174.00 154.0052925.97 313.50 154.05 9 167.80Ibull Real [2] 103.10 113.65 105.00 118.70 105.0073709.08 195.90 72.75 - 113.70IceMakRefrig 75.80 71.85 74.40 74.40 70.05 38.03 95.45 57.30 - - ICICI Bank [2] 754.45 751.30 738.40 759.75 737.7513156.37 859.70 531.00 25 751.40ICICILombGIC 1266.75 1275.75 1247.00 1287.50 1235.00 668.98 1674.00 1240.10 48 1274.95ICICISecu 655.45 632.15 621.20 644.00 621.20 280.86 896.05 376.90 - - ICRA 3620.15 3700.40 3556.05 3725.00 3556.00 5.31 4158.60 2675.75 50 3723.70IDBI 46.05 44.15 44.45 45.35 43.90 8186.84 65.25 29.35 21 44.20Idea Cell 11.25 10.90 10.90 11.15 10.70227160.06 16.79 4.55 - 10.89IDFC 57.90 57.55 56.50 58.00 55.10 8491.40 68.25 41.70 - 57.50IDFCFirstBnk 43.90 43.30 42.75 43.40 42.4020368.03 69.30 40.75 - - IFB Agro 593.20 568.35 586.95 586.95 564.00 15.00 866.25 365.40 9 566.85IFB Ind 907.25 900.50 850.00 907.00 850.00 6.54 1357.80 853.00 - 896.25IFCI 13.00 12.15 12.35 12.70 11.90 5501.25 18.87 8.70 - 12.20IFGLRefract 276.20 264.25 276.00 276.00 262.00 29.35 434.00 250.10 26 265.00IG Pet 695.65 674.05 661.65 689.35 661.65 47.69 1017.90 401.60 7 674.95Igarshi 363.60 358.35 352.00 359.90 343.25 74.03 612.20 262.85 73 359.15IIFLHoldings [2] 312.60 300.00 308.00 310.00 295.20 493.79 375.05 217.00 17 299.25IIFLSecurity 86.55 83.05 85.00 85.00 82.00 281.46 128.50 45.30 - - IIFLWealtMgt 1513.40 1499.85 1513.40 1520.00 1451.25 82.92 1785.40 1061.50 - - ImagiWrldEnt 13.15 12.85 13.15 13.60 12.00 462.95 16.80 5.25 - - IMPAL 775.55 755.30 765.00 765.00 751.55 2.65 940.00 614.00 17 754.35Ind Terr [2] 47.25 47.60 45.55 48.40 44.00 271.41 74.80 26.60 11 47.40Ind.Bk.Mer 23.20 22.50 23.00 23.90 21.80 139.60 37.25 11.20 16 22.50Ind.Cem 208.90 207.90 203.00 208.85 199.20 3167.52 259.90 150.05 48 207.85Ind.Gly 760.55 756.90 744.00 764.00 725.40 130.04 1060.00 397.05 19 757.05Ind.Hume [2] 206.90 200.25 201.05 209.00 195.25 65.12 252.70 166.00 13 199.70Ind.Inv.Tru 68.00 67.15 66.00 70.55 64.60 2.01 89.30 50.00 - 66.85Ind.Metals 335.50 332.65 326.00 334.80 322.00 62.09 498.50 205.00 4 334.20Ind.Nippon [5] 455.50 438.90 440.00 446.00 428.00 63.13 642.00 329.05 22 439.35Ind.Ovr.Bk 18.80 18.30 18.55 18.65 18.15 2755.68 29.00 14.45 - 18.30Ind.Ram.Sy 70.20 67.75 68.00 69.15 64.50 263.19 90.25 31.60 6 67.75Indian Bk 147.15 145.45 144.00 146.85 142.20 1723.58 194.80 96.20 4 145.30Indian Htl [1] 204.95 204.45 200.05 206.65 199.10 4734.97 230.25 90.94 - 204.35IndianEgyExc[1] 210.20 205.25 202.00 207.25 201.05 9435.39 318.71 95.47 64 204.90IndianRailTr 803.40 789.60 781.00 799.35 780.00 4301.06 6396.30 639.45 - - IndianRlyFin 22.05 21.75 21.80 21.90 21.65 7967.67 26.70 20.80 - - IndiaPestcid 298.45 294.40 290.00 297.90 286.80 199.33 368.00 286.80 - - IndigoPaints 1768.70 1761.45 1748.00 1796.00 1710.00 32.15 2740.00 1710.00 - - IndmrtIntmsh 4756.70 4790.65 4680.00 4844.00 4555.00 151.48 9710.70 4301.10 - - Indo Count [2] 186.15 181.20 180.00 184.00 177.20 264.35 314.80 113.00 10 180.45Indoco Rem [2] 379.65 382.35 370.00 384.95 369.45 137.14 529.70 273.90 25 381.75IndostrCapFn 239.65 239.00 234.00 239.95 229.25 111.06 416.95 228.25 - 236.70Indotech Tr 225.25 217.85 216.85 219.95 214.00 30.14 294.95 82.25 12 216.25Indra.Med 68.60 67.00 67.95 67.95 65.70 123.60 102.55 52.15 10 67.05IndraprsGas [2] 370.55 360.40 365.80 366.00 354.10 5204.42 604.00 354.45 20 359.85IndSwifLab 70.20 69.70 69.90 71.20 68.05 92.18 127.35 56.00 14 69.95IndusInd BK 952.45 939.10 925.00 949.85 923.00 2866.14 1241.85 811.10 18 939.30IndusTowers 251.70 252.05 244.50 254.05 243.80 2659.24 332.80 194.10 - - INEOS Styro 1117.40 1103.20 1101.00 1116.05 1091.10 13.96 1886.80 922.20 5 1102.35Infibeam Inc [1] 39.95 38.75 39.05 39.35 38.50 1950.13 58.45 36.80 - 38.75INFO EDGE (I) 4442.65 4460.80 4386.65 4510.00 4322.00 536.47 7462.95 4027.00 135 4460.50InfobeansTec 523.90 511.00 491.00 530.95 488.75 48.39 625.00 135.30 - - Infosys [5] 1730.70 1734.35 1699.90 1751.00 1691.05 8878.52 1953.70 1230.00 36 1734.15Infrasoft 214.85 207.75 208.10 212.90 202.20 36.23 259.00 63.00 - 207.00Ingersoll 1397.70 1360.10 1383.50 1401.50 1331.00 37.83 1503.10 667.00 40 1360.55Inox Leis 406.25 401.50 402.60 408.30 399.00 244.89 466.10 241.90 - 401.65Inox Wind 118.15 114.10 113.55 119.70 112.00 547.19 160.00 61.45 - 113.85InoxWindEner 709.30 673.85 705.00 705.00 673.85 2.80 986.50 339.35 - - Insectic 641.50 642.70 610.35 676.00 610.35 89.07 846.00 405.00 12 636.05IntellecDesi [5] 670.20 650.85 644.00 658.00 641.25 347.69 892.00 416.60 42 650.65IntenseTech [2] 80.25 75.95 74.30 77.85 74.30 133.79 119.75 30.90 12 76.85IntGlobAviat 2086.55 2066.05 1996.00 2078.80 1996.00 999.36 2379.00 1502.90 - 2066.30IntlConveyor 70.45 69.05 70.00 70.30 67.60 135.88 102.45 57.85 - - Inventure [1] 3.95 3.80 3.80 3.85 3.80 2558.73 6.76 2.01 - 3.76IOC 119.20 117.10 117.00 118.65 116.50 7606.41 141.75 86.70 4 117.15IOL Chem 366.35 352.10 349.00 362.80 348.45 201.95 725.00 348.05 9 352.25Ion Exchange 1937.95 1869.55 1888.00 1914.00 1845.00 6.41 1914.00 1845.00 - - IPCA Lab [1] 961.80 961.20 952.00 973.50 937.85 385.43 1383.55 893.03 27 961.25I-PruLifeINS 510.55 505.10 500.50 507.45 492.55 1963.37 724.50 411.00 114 505.15IRB Infra 248.95 236.60 238.55 250.00 236.55 2592.35 346.95 100.70 - 236.80IrconIntl 42.55 41.65 41.55 42.05 41.55 1069.29 101.90 40.15 - - IrisBusiServ 104.85 99.25 95.30 101.70 95.25 64.64 165.50 95.25 - - IrisClothing 173.40 169.80 165.15 173.85 164.90 15.01 239.00 62.35 - - IsgecHeavyEn 539.65 519.80 539.65 540.00 515.45 97.81 878.35 515.45 - - ITC [1] 218.00 214.85 215.00 216.90 213.0025749.34 265.30 199.10 18 214.95ITD Cem [1] 70.10 66.80 67.50 68.90 66.05 801.81 97.50 66.10 11 66.90ITDC 353.35 341.90 348.70 350.00 340.00 25.05 463.90 302.00 191 342.65ITI 104.85 100.85 100.00 102.85 100.00 215.45 143.70 100.25 - 100.90IVP 166.80 155.30 160.00 163.00 150.15 179.45 201.85 93.00 11 154.85IZMO Ltd 87.25 82.05 83.95 85.35 81.00 115.38 148.85 48.00 - 81.95

J . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .J&K Bk [1] 35.45 34.85 34.40 35.10 34.00 1577.04 48.20 22.50 5 34.80Jagran [2] 72.60 72.60 70.95 74.90 70.40 599.99 81.90 50.25 8 72.50Jags.Phr [5] 205.40 246.45 217.65 246.45 217.65 4074.50 245.55 75.00 26 245.55Jai Corp [1] 114.60 111.55 111.70 113.75 110.65 1108.27 172.85 79.35 41 111.65JaiBal.Ind 47.80 45.75 46.00 47.00 44.90 47.69 668.00 81.00 - - Jain I.DVR [2] 21.75 20.50 21.10 21.65 20.00 85.18 30.35 10.81 - 20.65Jain Irrg [2] 38.45 36.95 37.00 37.75 34.25 2711.90 53.50 16.15 - 36.95Jamna Au [1] 98.65 97.35 96.00 99.20 95.10 836.77 124.90 60.55 31 97.30JashEngg 490.40 497.50 481.10 500.00 470.00 24.75 628.00 260.20 - - Jay Bhr [5] 162.10 157.45 157.00 159.85 153.20 30.39 269.00 98.75 20 157.00Jay.Agro [5] 210.65 205.70 207.00 207.70 198.00 35.99 322.90 125.50 8 205.05Jaypee Inf 3.25 3.10 3.10 3.15 3.10 2400.23 5.05 1.38 - 3.07Jayshr Tea [5] 95.55 93.20 91.05 103.80 91.05 304.05 145.00 65.15 13 91.55JB Chem [2] 1618.90 1620.15 1618.90 1648.00 1618.90 54.28 1984.75 1077.30 33 1621.60JBM Auro [2] 516.00 490.20 500.00 500.90 490.20 90.88 675.98 134.80 55 494.55JetFrgtLogis 67.05 63.70 66.00 67.75 63.70 22.09 94.30 44.40 - - JHS Svend 23.40 22.25 23.00 23.40 19.15 121.70 33.40 18.80 - 22.20Jind P.Inv 303.05 292.60 288.00 300.00 288.00 6.70 462.80 29.45 - 295.20Jind.Drl [5] 182.80 179.35 178.00 187.95 176.25 202.22 221.35 81.55 11 179.15Jind.Pho 366.55 348.40 348.25 354.05 348.25 27.95 485.20 35.00 - 348.65Jind.Poly 1048.40 1011.95 1028.40 1029.40 1004.00 68.65 1342.85 467.10 5 1003.45Jind.Saw [2] 88.95 85.05 86.60 87.40 84.30 1255.96 147.65 70.15 6 85.15Jind.Stl&P [1] 415.15 406.45 405.50 410.80 395.70 7263.74 501.60 296.55 4 406.30Jind.World [1] 283.45 294.80 281.10 297.00 273.30 549.51 358.45 44.00 65 294.90JindStain(H) [2] 344.85 334.25 327.00 338.85 324.50 370.89 433.50 109.85 7 333.95JK Cem 2911.10 2911.05 2839.80 2955.00 2804.15 98.61 3836.65 2580.05 34 2912.10JK Lak.Cem [5] 449.40 431.60 440.00 444.25 429.05 248.68 815.25 360.00 12 431.20JK Paper 230.25 217.90 225.00 225.20 216.00 759.14 284.80 124.25 8 217.95JK Tyre [2] 113.85 111.25 112.80 113.35 110.55 387.40 171.60 103.20 10 111.30Jkumar Inf [5] 170.80 165.30 167.00 169.40 163.35 130.95 231.00 149.05 8 165.30JM Fin [1] 66.80 64.30 65.00 65.75 63.05 813.76 117.55 62.10 18 64.40JMC Proj [2] 90.05 90.05 87.00 90.90 87.00 410.11 130.00 70.80 - 90.05Jocil 173.35 168.55 173.00 173.00 165.80 13.34 319.80 139.00 - - JohnCntHita 1791.70 1742.00 1780.00 1802.85 1715.00 16.60 2936.70 1691.25 106 1739.20JP Associ [2] 9.95 9.40 9.90 9.90 9.30 8739.30 15.90 6.42 - 9.41JP Pwr 7.30 6.70 6.80 7.00 6.6588770.24 11.22 2.45 - 6.72JSL [2] 189.55 191.85 182.00 193.70 181.00 1275.46 224.60 60.30 8 191.85JSW Hld 3932.90 3957.15 3891.05 4038.45 3854.05 16.26 6000.05 3400.00 34 3954.65JSWIspatSpe 32.25 31.20 31.30 31.95 30.60 2800.66 67.55 22.40 - - JSWSteelLtd [1] 623.10 622.00 611.00 624.70 602.50 3353.28 776.50 371.40 8 621.75JTEKTIndia [1] 77.40 75.30 73.65 76.70 73.65 128.43 132.75 73.00 41 74.10JTL INFRA 239.80 229.10 238.85 238.85 224.95 109.72 271.00 209.60 - - Jub.Ind 482.30 472.45 460.00 473.85 449.40 36.05 796.90 162.00 - 472.30JubilantPhar 435.15 422.00 434.20 434.20 420.00 95.17 925.00 420.00 - - JublilntFood 2981.30 2994.25 2901.00 3018.00 2862.00 545.65 4577.45 2660.90 92 2991.85JublntIngrev 491.05 478.25 481.00 486.25 473.60 593.64 838.75 295.50 - - JullundurMot 66.80 67.35 63.50 68.00 62.90 38.49 93.80 29.30 - - JustDial 786.00 755.55 758.00 765.00 742.10 534.07 1138.00 550.00 77 755.85Jyo.Lab [1] 135.30 133.35 133.85 134.80 132.00 118.62 187.20 132.15 30 133.40

K . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Kabra Ext [5] 435.60 407.80 406.00 420.00 404.80 122.34 566.40 124.00 42 407.90Kaj.Cera [1] 1256.30 1236.15 1150.00 1257.95 1150.00 118.80 1379.00 856.70 52 1237.75Kakt.Cem 218.10 219.90 216.00 225.00 212.20 10.89 319.00 160.80 10 217.80

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Norben 7.45 7.10 7.15 7.15 7.10 1.60 11.75 4.90 ­  ­ NovartisInd 677.15 647.40 667.00 676.05 640.00 20.33 850.00 640.00 ­  ­ NRAgarwalInd 227.10 217.35 225.00 227.00 215.95 22.06 361.15 193.85 ­  ­ NRB Bear   [2] 121.25 118.80 118.00 121.95 116.10 290.46 189.65 95.25 15 119.40NRB  Ind   [2] 23.70 22.70 23.10 25.00 22.35 13.34 34.80 9.25 ­  22.60NTPC 131.95 132.10 131.05 132.50 127.9013578.57 152.10 93.20 9 132.05Nucleas Sw 471.15 463.55 460.00 472.25 457.80 26.51 765.35 457.80 25 464.25NURECA 1425.70 1383.10 1415.00 1420.00 1362.55 16.33 2315.00 555.60 ­  ­ NuvocoVistas 353.65 345.20 350.00 351.95 343.85 246.69 577.90 343.85 ­  ­ Nxtdigital 413.50 440.65 388.20 449.95 387.90 80.56 619.80 333.30 ­  ­ 

O . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Oberoi 892.55 892.00 872.00 898.90 865.00 911.52 1051.90 514.20 74 892.55OdishaCeme [2] 1739.15 1686.25 1705.00 1732.15 1653.25 292.67 2547.20 1394.10 271 1689.15Oil Country 8.00 8.80 8.20 8.80 7.65 70.33 12.92 3.81 ­  8.93Oil  India 225.35 220.50 221.75 225.25 216.15 1242.20 267.70 112.00 8 220.65OlectrGrnTec 718.70 684.25 682.80 712.75 682.80 327.00 888.80 166.10 ­  ­ Omax Auto 48.90 48.65 48.50 49.70 45.65 40.12 74.00 36.95 ­  48.80Omaxe 98.70 95.75 97.80 99.60 93.35 674.45 109.00 56.00 ­  95.85OMDC  [1] 2547.30 2529.85 2499.00 2571.20 2411.05 12.04 3800.00 2211.00 ­  2532.00OmInfraLtd 45.95 43.00 43.25 44.55 42.55 312.88 56.45 18.95 ­  ­ Omkar Spl 30.30 28.10 28.30 30.30 27.60 111.07 47.05 4.74 ­  28.15One97Communi 807.70 815.90 800.00 834.65 785.00 3701.58 1955.00 785.00 ­  ­ Onelife Cap 13.75 13.30 14.35 14.35 13.10 25.46 25.09 5.55 ­  13.20OnePntOneSol 13.85 13.20 13.60 13.60 13.20 86.37 96.05 10.55 ­  ­ ONGC  [5] 163.40 164.95 166.50 166.50 163.2529399.17 176.40 97.45 6 164.95OnMobile 127.50 122.55 123.00 125.70 120.20 1059.20 175.00 87.75 71 122.40Onward Te 315.75 300.00 300.00 305.60 300.00 18.55 406.00 98.00 79 300.65OptimusInfra 269.15 257.45 258.00 263.15 242.90 179.50 411.60 114.05 20 255.10OracleFinSer  [5] 3525.75 3474.55 3500.10 3525.75 3382.60 85.03 5144.60 2933.05 18 3471.00Orbit Exp 117.95 114.65 111.80 119.50 111.65 152.84 135.00 55.20 25 114.15OrchidPharma 276.80 269.95 280.00 280.00 265.00 25.22 1667.00 265.00 ­  ­ Oricon Enter  [2] 34.30 33.80 33.85 35.00 32.80 228.26 44.80 17.15 30 34.25Orient Bell 474.60 467.65 460.15 474.60 444.10 31.90 541.00 200.05 30 472.85Orient Cem  [1] 153.40 150.10 152.00 154.00 147.00 409.75 185.50 88.60 11 149.80Orient Htls   [1] 51.70 49.40 48.25 51.20 48.25 566.51 65.90 21.10 ­  49.10Orient Pap   [1] 29.55 27.85 29.00 29.15 27.50 903.47 39.40 21.45 ­  27.90Orient Pres 72.45 70.60 68.25 71.00 66.20 7.69 123.80 62.20 ­  69.25OrientAbr   [1] 28.65 27.75 28.00 29.40 27.10 299.78 40.45 20.00 ­  27.85OrientalArmt 602.20 613.30 590.00 619.00 586.65 7.56 1100.00 545.05 ­  ­ OrientalCar 826.55 806.00 820.00 826.55 800.00 9.59 1321.00 790.00 13 809.05OrientElect 329.60 328.65 320.00 330.90 317.00 228.04 408.00 263.50 ­  ­ OrtinLabs 26.70 25.55 26.00 26.60 25.50 49.11 52.25 21.40 ­  ­ Oswal Chem 22.10 21.05 21.05 21.90 20.30 296.50 36.75 15.25 12 21.05OswalAgroMil 29.25 27.85 28.35 28.35 27.80 51.50 45.30 8.35 ­  27.95

P . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .P&GHealth 4574.65 4565.30 4549.90 4588.00 4488.00 7.39 7200.00 4488.00 ­  ­ P&S Bk 16.20 15.90 15.80 16.10 15.50 248.09 22.65 15.30 8 16.00Page  Ind 41019.80 40771.75 39600.10 41149.85 39600.10 18.11 45162.90 27287.90 98 40774.55PaisaloDigit 673.55 642.50 652.00 666.85 637.00 50.54 1143.15 560.10 42 641.50Pan.Petro   [2] 234.50 226.70 221.20 233.70 221.00 194.05 332.55 140.00 7 226.60Panac.Bio   [1] 212.95 202.65 210.75 215.00 202.35 115.92 453.70 163.80 ­  202.75PanachDigLif 56.40 51.90 55.85 59.70 49.10 66.36 94.80 40.50 ­  ­ PansriDevlop 111.70 109.15 109.20 110.20 107.00 1.31 176.45 57.75 ­  ­ ParagMilk 101.80 99.90 100.00 101.50 98.00 336.24 159.85 94.00 19 99.75ParasDef&Spc 631.85 612.95 624.50 624.50 607.00 132.64 1258.20 607.00 ­  ­ ParDrugs&Che 151.70 150.10 140.10 157.00 140.10 14.64 310.60 140.10 ­  ­ PasuptiAcryl 38.55 36.80 38.00 38.45 36.50 213.88 57.60 28.05 ­  ­ Patel  Int 15.05 14.45 14.75 15.20 14.20 81.54 20.35 9.75 ­  14.50PBA  Infra 13.30 12.65 13.25 13.25 12.65 14.86 22.73 7.50 1 12.53PBFintech 727.70 686.90 712.25 712.25 664.55 944.30 1470.00 664.55 ­  ­ PC Jewl 20.80 20.40 20.75 20.80 19.75 1557.94 32.75 19.80 ­  20.40PCBL 202.45 195.65 200.00 202.00 192.60 723.29 277.30 175.00 ­  ­ PDS 1619.50 1583.70 1532.30 1666.10 1511.20 9.92 2024.80 603.95 ­  ­ Pearl Glo 428.20 411.80 414.00 424.95 400.05 22.74 598.00 162.00 60 412.25Pearl Poly 17.90 18.00 17.10 18.45 16.75 47.56 25.30 13.87 1 18.05Pennar  Ind   [5] 36.65 35.70 35.50 36.85 34.75 1068.97 47.95 16.25 13 35.70Persistnt 3837.40 3927.00 3699.00 3949.90 3651.05 325.25 4986.85 1597.00 48 3927.80Petronet 208.35 207.25 205.05 208.65 203.75 1657.33 260.90 203.90 10 207.20PFC 118.50 117.20 117.00 117.60 115.30 6234.96 153.75 104.10 3 117.35Pfi�zer 4292.45 4200.00 4215.00 4269.95 4183.70 47.71 6164.80 4185.05 33 4204.75PG Elec 635.15 611.25 580.00 624.20 580.00 71.22 870.00 246.30 58 611.00PGHH 15529.80 15431.25 15380.00 15500.00 15006.00 10.70 16420.90 12021.15 87 15482.80Phoenx.Mil   [2] 976.15 959.50 960.05 984.95 944.50 180.34 1199.95 672.00 183 959.60PI  Ind   [1] 2505.60 2494.90 2450.00 2508.00 2390.60 458.49 3533.30 2104.70 47 2495.55PidiliteInd   [1] 2426.30 2382.70 2375.00 2411.75 2354.00 485.89 2764.60 1666.70 99 2383.15Pilani  Inv 1733.50 1691.25 1700.20 1724.00 1680.00 2.26 2246.95 1523.90 13 1693.70Pion.Dist 168.30 166.30 164.45 168.00 163.45 4.79 209.30 92.00 ­  168.25Pion.Emb 52.10 52.00 51.10 53.70 49.50 88.69 79.60 36.05 7 52.50PiramalEntp   [2] 2096.90 2045.80 2050.00 2060.70 1996.65 978.92 3013.00 1612.00 142 2045.30PittiEngg   [5] 236.60 222.00 225.00 230.00 215.00 217.26 299.00 54.10 13 222.00Plastiblen   [5] 216.50 209.05 214.50 214.50 206.70 17.75 305.95 206.45 15 208.60PNB Gilts 63.95 62.60 63.00 63.95 62.10 233.07 94.65 46.55 13 62.55PNB Housing 421.40 401.00 414.00 414.70 397.05 392.61 924.00 350.00 9 401.05PNC Infratec  [2] 261.55 244.85 255.00 255.50 242.60 422.34 395.55 217.50 14 245.10PodarHseDVPT 230.90 219.75 218.20 230.00 216.15 4.76 312.90 139.00 ­  223.50PoddarPigmen 293.15 285.85 290.00 294.15 283.15 5.12 434.00 162.50 12 286.15Pokarna Ltd   [2] 703.25 690.75 686.00 708.70 662.00 74.34 832.00 193.65 ­  689.25Poly.Medi   [5] 716.60 707.05 685.60 720.20 685.60 47.14 1163.00 648.80 47 702.45PolycabIndia 2380.95 2373.60 2302.00 2399.00 2280.05 280.22 2771.75 1126.10 ­  ­ Polyplex 1935.20 1872.60 1865.00 1890.05 1835.30 115.35 2150.00 761.50 9 1872.75PonawalaFinC 243.25 235.95 235.00 241.95 231.00 3459.22 302.90 101.55 ­  ­ Ponnie Sug 225.60 223.25 219.00 227.95 210.85 10.58 382.50 131.15 7 222.40Power Mech 891.40 858.30 861.00 881.20 843.05 33.48 1094.70 500.05 10 852.80PowerGrid 198.15 198.15 194.20 198.45 191.8010204.54 220.85 148.88 10 198.10Praj  Ind   [2] 338.85 326.10 326.00 336.35 324.35 940.92 448.25 135.60 45 326.25PrakashPipes 154.10 156.35 145.15 159.75 145.15 124.16 194.70 111.00 ­  ­ Praksh.Ind 63.25 62.15 59.00 63.80 59.00 734.29 104.65 50.85 7 61.90Praksh.Stl   [1] 6.00 5.70 5.70 5.70 5.70 335.09 9.92 0.72 2 5.70PratapSnack  [5] 729.15 745.25 682.30 811.00 682.30 82.39 953.00 484.65 53 747.70PraxisHomeR[5] 67.00 63.65 63.70 63.70 63.65 4.09 76.80 17.83 ­  63.40PrecisionCam 134.25 134.00 127.00 138.00 125.25 450.67 189.50 38.05 22 133.90Precot 335.25 341.75 325.65 345.00 311.00 16.33 400.00 95.35 ­  ­ Precsn.Pipe 207.60 200.95 206.00 206.00 200.00 13.65 339.35 173.65 28 200.90PremierExplo 281.90 270.90 278.00 286.40 268.00 44.09 324.10 121.30 41 270.50PremPolyfi�l  [5] 73.40 71.80 68.30 76.45 67.00 19.51 58.87 27.11 ­  37.30Pressman  [2] 38.70 35.20 36.15 37.60 34.85 209.82 53.50 20.55 18 35.10Prestige Est 446.35 429.40 435.00 446.35 425.75 726.92 553.40 260.15 52 429.05PRICOL  [1] 122.35 117.80 116.00 118.85 115.00 863.14 139.45 60.00 45 117.85Prime Foc   [1] 78.60 75.20 76.50 77.80 74.70 43.64 102.75 48.55 ­  76.05Prime.Sec   [5] 100.70 100.35 97.00 103.55 94.05 33.12 133.25 39.65 22 100.05PrincPipeFit 666.60 660.20 644.00 675.85 644.00 171.40 897.00 385.00 ­  ­ PrismJohnson 120.25 117.75 117.90 118.95 116.95 256.22 160.00 101.60 24 118.05Prit.Nandi 49.05 47.70 46.40 49.70 46.40 41.00 73.00 17.10 ­  48.00PritikAutoIn 16.50 15.55 15.80 17.00 14.45 400.14 22.80 13.75 ­  ­ PriviSpecial 1815.65 1779.20 1690.00 1809.35 1658.95 31.73 2249.00 599.90 ­  ­ PSPProjects 518.60 497.15 510.00 514.45 492.35 138.78 639.00 394.00 12 497.15PTC 87.15 87.95 85.60 88.40 85.55 861.28 144.45 69.00 6 87.95PTC  Ind Fin 16.75 16.65 16.50 16.95 16.05 792.62 25.90 15.75 16 16.65PTL Ent   [1] 30.15 29.75 28.60 30.40 28.40 142.74 41.80 17.53 10 29.80PudumjeePap[1] 35.20 33.55 35.20 35.20 33.20 168.31 50.90 20.20 6 33.55Pun.Natl.Bk   [2] 37.50 37.20 36.80 37.35 36.5037187.23 47.60 31.50 11 37.20Punj.Chem 1400.80 1424.15 1352.85 1435.00 1352.35 10.70 1930.00 841.00 23 1421.70Punj.Mohta 24.95 24.25 23.75 24.45 23.75 19.15 36.75 15.05 ­  24.30Puravankra   [5] 105.10 107.85 102.95 109.75 101.55 301.17 166.35 63.00 15 108.40PVR 1562.00 1573.60 1530.10 1579.90 1527.35 525.42 1838.00 961.00 ­  1571.50

Q . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Quess Corp 611.55 620.50 597.90 645.05 572.45 458.45 990.00 532.60 ­  622.50QuickHealTec 191.35 187.90 188.00 191.25 186.70 87.06 319.90 150.10 12 187.90

R . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .R Sys  Intl   [1] 221.15 209.45 202.10 213.80 190.00 389.38 354.55 109.00 21 209.30Radico   [2] 934.75 921.40 917.00 925.00 905.00 283.49 1299.85 494.75 44 921.60RagegainTrvl 335.90 311.75 325.00 329.90 306.35 1033.10 525.00 297.40 ­  ­ RailTelCorp 100.15 98.60 97.00 99.20 96.25 703.60 189.70 89.20 ­  ­ RailVikasNgm 32.35 31.20 31.05 31.65 30.85 3244.13 44.80 26.35 ­  ­ Rain  Ind   [2] 221.00 209.05 212.55 214.65 202.35 4120.10 272.90 137.70 ­  209.20Raj.Exp   [1] 788.90 816.25 780.00 828.00 770.15 312.86 994.50 471.50 27 818.20RajnandniMet 243.65 248.55 241.90 249.00 241.00 19.44 270.00 64.80 ­  ­ RajOilMills 68.70 65.15 69.00 69.00 62.00 10.85 150.35 51.10 ­  ­ RajsrePolypk 183.00 182.15 180.00 188.10 162.95 45.33 284.00 162.95 ­  ­ Rallis   [1] 242.70 239.45 238.00 241.00 237.25 166.05 362.00 237.40 25 239.55Rama News 18.40 18.15 18.00 18.45 17.25 68.85 27.60 13.85 ­  18.00Rama Steel   [5] 322.15 317.75 306.05 338.25 306.05 124.17 455.15 66.60 58 318.05Ramco Cem  [1] 823.95 822.65 801.00 825.00 799.00 215.42 1130.95 798.70 20 822.50Ramco  Ind   [1] 226.95 221.50 215.10 228.85 215.10 57.63 366.00 219.20 16 223.15Ramco Sys 326.15 314.35 315.00 324.30 310.00 115.03 686.00 310.00 ­  313.40Ramk.Forg 869.45 843.05 821.10 851.05 821.10 77.86 1259.60 484.85 17 844.45Ramky  Inf 209.40 197.80 206.00 206.00 192.00 248.64 258.35 59.70 8 196.55Rana Sug 26.60 25.50 25.45 26.50 24.35 1690.34 38.30 6.70 2 25.50Rane (M) 362.70 350.90 342.20 356.00 340.25 22.80 496.00 268.30 27 353.20Rane Brk 729.30 695.15 724.00 774.90 678.20 6.67 1200.90 689.40 19 691.40Rane Eng 258.55 249.80 247.00 256.40 247.00 2.15 386.00 245.00 ­  253.80Rane Hld 592.05 582.55 570.00 594.60 570.00 26.82 782.45 544.85 38 584.80RatanindiaEn 45.20 42.20 43.00 44.00 41.85 1949.71 65.90 4.55 ­  ­ Ratnamani   [2] 2198.15 2200.50 2157.00 2219.00 2139.45 17.34 2300.00 1612.15 32 2204.75Ravi K Dis 7.95 8.30 8.30 8.30 7.65 46.04 19.85 7.06 ­  8.50RavindrHeigt 24.35 22.55 22.50 24.20 21.95 64.68 34.80 15.05 ­  ­ Raymond 703.10 678.25 677.00 695.80 666.00 622.94 818.25 310.00 24 678.70RBL Bank 137.95 137.95 132.10 138.75 132.0013056.41 256.70 123.70 ­  138.20RCF 71.40 70.00 70.00 70.65 67.00 1998.66 100.15 53.00 7 70.05RECL 125.50 123.75 124.05 124.70 121.60 4187.30 168.70 121.70 2 123.85Redington   [2] 156.15 153.05 151.35 154.50 150.00 3166.32 179.25 73.80 13 153.10Refex Ref 126.50 123.80 121.00 125.95 120.00 64.82 173.10 78.00 9 123.80Rel Cap 13.10 12.70 12.75 12.80 12.45 2144.36 30.80 9.30 ­  12.70Rel.Ind.Inf 763.90 738.55 730.00 751.25 722.05 349.87 1031.25 344.00 137 738.75Rel.Infra 112.70 114.35 111.00 116.75 108.45 4010.68 149.50 29.95 ­  114.50Relaxo   [1] 1254.90 1249.95 1242.00 1260.05 1238.00 149.25 1447.00 810.00 114 1250.10Reliance 2399.90 2389.00 2352.90 2395.90 2347.15 6227.90 2750.00 1877.60 45 2388.20Religare 123.00 120.70 120.00 122.00 118.10 637.11 194.50 65.55 ­  121.35Remsons 207.90 197.60 204.95 209.00 182.00 21.55 313.80 125.00 32 198.75RenaisncGlob 862.75 845.75 860.50 860.50 824.90 28.97 1090.90 281.55 ­  ­ Repco Home 226.55 208.85 221.00 222.00 207.25 443.20 429.25 205.70 6 208.20Repro 448.70 420.85 441.00 441.00 417.00 3.88 660.00 325.05 ­  425.05Resp.Ind   [1] 185.20 191.25 181.95 194.90 176.00 255.13 215.00 98.05 ­  190.80RestBrndAsia 117.30 108.75 112.35 113.95 105.00 9085.54 189.70 105.00 ­  ­ Revathi 672.80 702.50 618.30 770.00 618.30 2.90 957.00 455.50 21 698.70RHIMagnesInd 524.45 488.15 499.00 505.00 485.00 303.53 564.00 219.95 ­  ­ Rico Auto   [1] 37.20 36.00 36.10 36.60 35.35 258.22 62.30 35.25 17 36.05RITES 249.90 251.00 248.00 251.75 245.75 112.39 318.00 232.40 12 250.95RKECProjects 56.90 52.70 54.05 56.70 51.15 38.56 117.00 51.15 ­  ­ 

RolexRings 1232.45 1203.95 1221.40 1223.90 1181.10 45.35 1394.00 994.80 ­  ­ RosariBiotec 1008.40 980.90 994.00 998.00 971.00 59.45 1619.00 905.20 ­  ­ Rossell   [2] 128.70 126.45 124.35 129.65 124.35 25.38 216.05 98.25 35 126.20RouteMobile 1495.10 1499.65 1450.00 1531.00 1432.90 279.08 2389.00 1395.45 ­  ­ Royal Orchd 102.95 101.50 102.00 104.90 97.65 327.37 113.40 57.25 ­  101.70RPG Life   [8] 534.20 485.85 531.10 534.20 482.35 92.05 751.80 360.00 16 485.20RPower 13.60 12.95 13.05 13.50 12.9528046.60 19.25 3.01 ­  12.98RPP  Infra 48.90 47.25 47.90 48.85 46.20 156.64 78.75 37.71 8 47.35RPSGVentures 642.30 609.95 606.30 629.00 603.25 50.65 1144.90 292.95 ­  ­ RS Soft   [5] 33.25 32.60 32.25 34.00 31.20 62.04 51.90 23.55 ­  32.55RSWM 392.70 415.95 375.05 426.80 368.85 198.22 546.00 154.25 5 414.85Ruby Mills   [5] 341.55 331.70 339.00 339.00 326.00 24.26 441.90 156.55 18 329.50Ruch.Paper 81.20 77.65 77.15 79.75 75.65 45.09 105.60 57.00 7 77.80RuchiSoyaInd 828.40 810.75 805.20 819.00 732.60 22.42 1376.70 629.15 ­  ­ RudrabhshEnt 214.00 213.60 213.50 222.00 205.00 34.85 280.00 168.00 ­  ­ Rupa    [1] 461.15 449.70 445.00 459.00 430.00 370.69 560.70 288.45 17 449.65Rush.Decor 375.35 375.00 369.00 385.00 357.20 70.80 443.80 163.05 59 374.30

S . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .S H Kelkar 145.00 143.60 141.00 144.45 140.05 123.80 207.30 103.65 34 143.00Sadbhav   [1] 33.50 32.55 32.00 33.00 31.50 1068.42 96.30 31.15 10 32.45SadbhavInf 11.80 11.35 11.50 11.65 10.80 487.15 41.50 10.80 ­  11.42SafariIndia 826.45 833.10 782.25 838.00 780.05 16.26 1051.05 542.05 ­  ­ Sagar Cem  [2] 244.40 238.40 242.00 249.60 236.00 31.88 319.00 133.00 24 238.05SAIL 95.60 93.25 93.95 94.35 91.1031544.27 151.10 65.15 3 93.20SakarHealth 118.60 114.45 118.00 120.75 111.50 17.24 212.00 89.75 ­  ­ Saksoft 894.55 862.25 850.00 885.50 846.60 28.58 1172.35 338.80 48 862.60Sakuma  [1] 11.30 11.20 10.65 11.45 10.40 349.32 15.50 4.25 ­  11.22SAL Stl 10.30 9.85 9.90 10.05 9.80 142.86 17.55 2.99 4 9.82SalasarTech 255.45 256.25 256.00 266.00 247.70 537.16 370.75 170.10 22 256.30SalonaCot 217.70 206.75 208.00 216.60 193.35 25.74 372.00 75.10 5 209.00Salzer Elec 174.00 161.05 172.00 172.00 156.10 285.65 263.50 110.15 10 161.60Sandesh 712.70 687.75 690.00 711.55 685.00 2.36 1079.00 610.60 7 689.10SandharTech 235.05 233.10 230.00 240.00 221.90 80.99 333.00 175.00 18 232.15Sangam 317.55 301.30 305.35 316.90 296.20 32.12 423.40 70.35 11 302.00Sangh.Mov   [2] 209.85 201.85 202.10 208.00 200.00 71.38 262.00 99.75 47 200.25Sanghi  Ind 49.75 47.25 48.15 49.00 46.40 475.67 84.70 38.45 20 47.20SanginitChem 23.75 22.40 23.00 23.60 22.15 59.81 47.20 18.00 ­  ­ Sanofi� 7172.70 7143.20 7111.10 7259.95 7068.70 11.02 9300.00 6949.35 27 7136.45SanseraEngg 648.05 640.00 640.00 658.95 624.00 68.58 889.00 624.00 ­  ­ SapireFoodIn 1331.15 1304.20 1300.00 1320.30 1261.55 190.49 1540.00 974.45 ­  ­ Sarda Ene 777.85 762.50 757.00 773.65 741.65 49.55 959.45 355.85 5 760.40Sarla Perf   [1] 59.60 57.00 56.00 58.10 56.00 309.31 78.30 23.25 8 57.05SarthakMetal 109.80 100.80 110.45 110.80 99.95 26.04 144.00 89.90 ­  ­ Sasken 893.00 891.40 884.00 897.70 873.75 19.80 1528.95 805.00 11 892.90SastaSunVent 397.25 378.90 365.00 395.45 361.05 72.40 583.00 97.00 ­  385.80SatiaIndus 93.90 91.70 90.05 94.65 89.85 1262.62 118.00 73.00 ­  ­ Savita  1026.75 998.40 1029.90 1029.90 990.00 11.94 1822.65 920.00 5 1005.50SBI    [1] 511.85 498.40 500.90 505.30 495.5027108.77 549.05 321.15 13 498.20SBICards&Pay 802.45 790.50 793.55 794.00 776.00 1972.55 1165.00 776.00 ­  ­ SBILifeInsur 1134.75 1100.95 1106.00 1126.50 1096.10 2115.92 1293.00 840.00 81 1103.35Schaefl�erInd  [2] 1867.15 1819.80 1830.00 1861.90 1802.25 132.15 1928.01 964.95 45 1820.55SChand&Co  [5] 106.20 107.65 104.00 108.90 101.20 49.54 149.40 71.35 62 107.45Schneider   [2] 117.95 113.60 113.00 115.90 110.40 1185.48 147.00 86.50 ­  113.25SCI 113.20 112.60 110.95 113.05 107.55 1425.90 160.20 91.25 7 112.50Seamec 1106.95 1098.65 1070.00 1154.00 1040.45 17.38 1309.35 385.50 28 1086.55SecureludTec 101.10 97.05 98.65 103.15 92.75 78.45 243.75 80.00 ­  ­ SecuriIntSvc  [5] 497.95 479.70 491.00 494.40 475.00 134.90 559.75 350.45 61 480.80Selan Exp 158.30 149.75 160.00 160.00 148.15 131.67 180.05 113.10 28 149.40Sequent Sc   [2] 142.30 139.70 138.00 141.55 136.30 1076.38 336.40 136.45 ­  139.65Sesh.Paper   [2] 144.75 138.40 143.30 143.35 138.00 48.32 230.00 137.10 8 138.65SetcoAuto   [2] 15.60 15.15 15.40 15.40 14.70 176.90 25.20 12.75 ­  15.05Shah Alloy 62.90 59.80 59.80 59.80 59.80 7.92 69.45 7.73 2 59.75Shakt.Pump 556.30 529.50 530.05 552.80 519.60 69.02 910.00 475.00 16 532.45Shal.Paints   [2] 135.95 131.70 133.05 135.15 127.10 121.08 150.60 82.90 ­  132.15SHALBY 133.20 126.65 130.50 131.75 125.45 108.81 214.00 96.05 20 126.20ShankarBldg 698.25 678.25 673.25 696.00 660.00 283.79 751.00 359.50 68 678.55Shanthi Grs   [1] 192.60 194.30 185.00 198.90 183.25 334.99 211.20 119.65 38 194.45ShardMotor   [2] 719.75 706.75 672.00 717.90 672.00 33.15 950.00 323.65 14 709.50ShardaCropch 529.10 517.80 500.25 526.90 500.25 181.02 673.00 274.00 18 514.80ShareIndSec 1129.45 1098.25 1110.00 1119.40 1089.45 20.80 1368.85 221.20 ­  ­ SheelaFoam  [5] 3255.55 3243.95 3163.00 3260.35 3163.00 28.15 3949.40 1900.00 78 3246.15Shemaroo Ent 114.65 109.60 113.90 114.45 107.00 74.64 181.00 63.25 44 109.85Shilpa Med  [1] 444.00 441.00 432.00 442.50 406.35 131.69 670.95 317.05 30 441.50Shiv.Global 26.20 24.90 25.00 25.00 24.90 4.50 38.95 7.85 20 24.85ShivalikBimt 431.65 419.05 414.00 429.85 402.00 116.68 508.75 115.10 ­  ­ Shivam Auto  [2] 26.25 24.95 25.70 26.40 24.95 292.51 44.85 13.97 ­  25.00ShivaMills 120.10 114.10 118.00 118.00 114.10 7.00 209.00 40.00 6 114.95ShivaTaxyarn 212.45 203.50 206.05 210.00 201.10 11.61 322.15 126.00 12 204.65ShivlkRasayn 857.60 828.15 850.00 853.95 812.00 7.47 1195.00 812.00 ­  ­ Shop.Stop   [5] 331.10 331.85 320.00 343.90 319.55 287.73 425.00 180.00 ­  332.50Shr.CU.Fin 1738.95 1710.85 1723.10 1747.65 1679.00 20.41 2600.00 1321.55 11 1714.95Shr.EPC 8.75 7.90 8.25 8.95 7.90 4240.02 12.42 3.80 ­  7.91Shr.Ren.Sug   [1] 33.05 31.50 31.15 32.20 30.3511317.04 47.75 9.00 ­  31.55Shr.Tr.Fin 1220.20 1204.20 1200.00 1216.00 1176.35 881.63 1696.15 1104.05 14 1203.85ShradInfProj 57.55 53.35 57.50 57.50 52.65 24.75 80.00 35.55 ­  ­ Shre PushChe 226.45 217.15 218.00 227.50 214.85 140.00 274.95 115.50 18 217.15ShreDigvjCem 63.80 61.70 60.00 62.45 59.95 279.77 97.80 55.05 ­  ­ ShreeCement 24678.35 24393.70 23991.00 24550.00 23910.00 62.31 32050.00 23505.70 35 24406.80Shreyans 108.60 103.00 107.00 107.00 102.20 53.08 152.00 77.00 8 103.30Shreyas 298.00 289.10 290.00 294.90 271.00 75.15 448.00 70.00 4 288.45ShriramPropr 84.30 80.75 80.50 82.50 79.70 737.92 115.75 79.50 ­  ­ ShyamCent   [1] 17.70 17.85 17.00 18.10 16.20 827.63 21.85 4.82 8 17.85ShyamMetalic 317.45 308.90 308.00 311.90 305.05 312.55 461.15 300.00 ­  ­ Siemens   [2] 2415.60 2406.90 2385.15 2424.90 2342.35 241.87 2577.45 1718.00 81 2406.10SigachiIndus 314.55 300.90 304.90 307.00 297.00 139.04 494.00 297.00 ­  ­ SignetIndus 45.65 43.40 45.00 45.00 43.40 26.56 69.45 26.40 ­  ­ SikkoIndust 53.95 54.60 51.35 54.95 51.30 0.60 79.65 38.60 ­  ­ SIL  Inv 334.05 345.95 325.85 348.60 322.15 18.09 378.00 166.60 22 343.20SilgoRetail 30.50 29.10 30.10 31.50 28.35 33.52 66.70 28.35 ­  ­ SillymonkEnt 23.45 23.55 25.00 25.00 21.70 32.82 32.80 17.15 ­  ­ SimbholiSug 19.70 18.75 19.65 19.65 18.75 83.21 44.60 6.36 ­  18.75Simp.Inf   [2] 37.25 35.40 36.00 37.20 35.40 189.15 56.05 27.80 ­  35.70SintercomInd 92.15 92.20 91.90 94.55 90.00 8.12 108.00 61.20 ­  ­ Sintex   [1] 8.40 8.00 8.00 8.00 8.00 1342.22 20.45 3.23 ­  7.98SircPaintInd 460.10 447.90 451.10 456.00 438.00 46.43 625.00 283.00 ­  ­ Siyaram  [2] 443.10 430.70 443.00 445.90 426.20 102.83 531.30 180.65 10 430.05SJSEnterpris 382.15 379.70 375.00 382.50 360.20 72.83 551.00 339.50 ­  ­ SJVN 29.00 28.50 28.70 28.70 28.25 2755.72 33.80 24.50 7 28.50SKF  India 3419.20 3412.75 3370.00 3445.00 3365.50 18.35 4245.25 2059.50 43 3414.70Skipper   [1] 68.15 66.45 65.75 67.25 65.15 77.97 98.35 51.50 54 66.55SKM Egg 66.10 63.05 64.00 64.90 61.55 65.52 98.45 43.65 15 62.95Smartlink   [2] 128.90 123.25 126.95 126.95 122.50 22.74 253.80 78.10 ­  123.60SMCGloblSecu 74.35 74.35 70.05 74.85 70.05 157.65 104.75 65.80 ­  ­ SML  Isuzu 552.40 531.60 514.20 540.65 514.20 18.90 842.80 430.05 ­  530.50SMS Phr   [1] 102.40 98.40 102.95 103.90 95.10 75.38 199.15 98.05 10 99.15SMSLifeScien 679.35 650.05 670.00 676.70 646.05 2.34 1024.90 469.75 ­  ­ SnowmanLogi 35.55 33.80 34.50 34.50 33.10 846.69 59.70 33.30 ­  33.80Sobha 750.35 728.95 711.50 749.70 711.50 245.75 1045.00 402.50 67 728.65Solar  Ind   [2] 2311.55 2305.90 2261.00 2325.00 2231.00 25.61 2932.95 1198.45 91 2306.90SolarActPhSc 705.70 707.25 693.00 727.40 666.55 152.20 1859.95 606.00 ­  ­ Som Dist   [5] 37.30 37.35 35.75 38.20 35.75 228.16 58.87 27.11 ­  37.30Soma Text 7.45 7.80 7.80 7.80 7.80 13.73 14.17 4.68 ­  8.84Somany   [2] 785.25 750.95 775.00 789.00 737.10 34.04 952.45 336.00 29 752.25SomanyHomInn 404.20 398.50 395.00 406.85 375.10 123.77 464.00 245.50 ­  ­ SomiConveyor 42.00 42.90 40.00 43.40 39.00 26.65 68.50 29.30 34 40.55SonaBLWPrecn 656.20 634.25 615.00 651.80 615.00 1054.83 839.90 295.00 ­  ­ Sonata   [1] 739.30 722.15 702.15 734.00 702.00 214.95 1030.00 387.15 31 723.85SorilInfrRes 86.00 80.75 83.00 84.90 78.00 222.72 227.35 77.70 ­  81.05South  In Bk   [1] 8.35 8.20 8.20 8.30 8.15 5519.35 13.95 7.54 ­  8.21SouthWestPin 212.15 198.30 209.00 209.00 190.95 53.38 249.00 33.85 ­  ­ SpandnaSphor 374.85 372.00 370.00 377.50 356.65 246.06 820.00 331.55 ­  ­ SPApparels 409.05 390.70 400.00 400.00 378.00 77.19 530.00 140.00 15 389.30Spec.Rest 148.00 145.45 145.00 153.45 140.65 758.94 161.75 35.00 39 145.10SpencersRetl 83.15 79.80 80.20 81.60 78.45 332.97 144.30 65.70 ­  ­ SPIC 57.10 57.55 54.30 58.15 52.90 1889.55 68.45 23.75 7 57.55Spicejet 63.50 60.85 60.90 62.60 59.75 4825.77 90.60 56.25 ­  ­ SPL  Ind 54.20 50.55 54.00 54.00 50.00 77.51 75.55 30.60 9 50.60Sr.Leathrs 163.90 167.00 163.25 167.95 161.00 35.37 233.95 131.20 22 167.00Sr.Ray.HHP 410.85 405.15 390.00 421.70 382.10 123.87 459.00 225.65 9 405.55SREI  Infr 5.35 5.10 5.25 5.25 5.10 596.44 18.39 3.47 1 5.11SRF 2375.40 2375.55 2300.10 2383.15 2300.10 548.66 2679.00 1026.63 53 2374.75StampedeCap 9.05 9.05 8.60 9.20 8.60 155.93 13.35 1.85 ­  ­ Star Pap 127.55 122.80 125.00 125.00 121.55 29.22 181.60 108.15 7 122.80StarCement   [1] 90.60 89.50 90.00 90.00 88.30 164.43 120.00 88.50 22 89.55StarHealth 726.00 702.95 707.85 718.00 700.00 103.35 940.00 700.00 ­  ­ STC  India 95.20 93.30 90.65 95.00 90.65 37.39 138.75 65.00 ­  92.95Steel Strp   [5] 764.50 744.15 740.00 760.65 730.00 26.22 995.00 307.80 12 747.90STEELCAST 280.15 291.30 238.00 294.00 238.00 3.73 341.05 238.00 ­  ­ SteelCitySec 64.75 61.80 62.80 63.75 61.05 49.00 98.70 32.55 ­  ­ Stel Hld   [1] 133.35 133.25 130.70 136.70 129.50 7.43 0.24 0.20 ­  ­ Ster.Tool   [2] 150.45 145.15 145.05 149.90 144.65 40.84 257.00 143.25 16 145.45Sterlg&Wilsn 331.15 328.30 323.00 333.05 318.00 496.02 509.10 183.50 ­  ­ SterliteTech 194.85 185.45 187.05 190.00 180.65 799.38 318.00 180.65 ­  ­ StoveKraft 631.00 621.05 602.00 629.80 602.00 102.72 1133.70 406.10 ­  ­ Str.Arcolab 354.55 341.40 348.00 350.25 338.00 724.79 946.80 338.05 110 341.10StylamIndust 909.75 891.55 1020.00 1034.85 876.75 43.43 1419.90 861.10 ­  ­ SUBEX 38.00 36.15 36.40 37.35 35.65 6050.34 74.40 26.75 ­  ­ Subros   [2] 340.10 344.25 330.00 354.00 330.00 19.57 418.00 283.40 54 340.85Sud.Chem  [2] 559.30 553.60 541.30 565.15 535.00 80.41 791.95 498.15 35 552.85Sumeet 10.15 9.65 9.80 10.15 9.65 416.66 14.43 2.56 4 9.58Sumit.Sec 672.85 644.00 652.20 662.35 635.50 11.68 899.00 460.05 34 644.85SumitomoChem 369.85 362.20 355.00 365.95 355.00 261.95 459.90 268.20 ­  ­ SumitWoods 13.85 13.35 13.30 13.70 13.30 31.22 22.00 8.00 ­  ­ Sun Pharma  [1] 843.85 845.80 836.00 849.00 824.60 3171.55 902.50 561.65 116 846.05Sun Phr Adv  [1] 293.10 282.20 288.00 288.65 278.40 295.22 348.75 141.00 ­  282.45Sun TV  [5] 472.70 462.65 464.30 470.00 456.60 1011.29 611.25 446.00 11 462.75Sund.Brak 373.55 368.85 400.00 400.00 363.00 2.70 489.95 316.05 ­  373.60Sund.Clay   [5] 3823.70 3803.65 3800.00 3843.75 3760.00 5.15 5123.55 2821.15 57 3804.40Sund.Fast   [1] 840.10 809.75 820.00 834.15 806.45 24.21 993.00 654.65 36 808.40Sund.Fin 2041.80 1992.10 2000.80 2032.05 1982.00 14.40 2883.95 1984.80 27 2013.95SundarFinHol 77.10 74.30 75.95 78.90 67.10 104.78 94.70 65.70 ­  ­ Sunfl�ag 69.40 66.85 68.50 68.50 65.80 230.04 96.55 56.70 5 66.95Sunteck   [1] 440.65 424.40 430.00 435.05 419.25 446.80 589.95 250.05 ­  425.00Superhouse 176.65 170.00 166.30 172.45 165.00 16.46 245.05 107.20 8 170.25Supr.Ind   [2] 1951.75 2040.50 1912.00 2050.00 1891.00 159.11 2689.00 1855.80 29 2042.40Supr.Petro 644.30 677.40 640.00 689.00 634.15 112.16 820.00 377.05 10 677.80Suprajit   [1] 321.45 303.55 305.15 316.45 300.85 238.49 478.00 240.10 30 304.15SupremeEngg 20.45 20.50 20.45 21.20 19.50 26.61 40.05 17.70 ­  ­ SupryaLifeSc 397.85 381.90 387.00 392.65 376.75 527.53 601.90 376.75 ­  ­ Surya Rosh 437.55 439.30 420.00 445.00 420.00 133.41 868.40 328.70 13 440.40Suryalaxmi 75.50 72.05 72.00 73.00 71.75 31.51 98.90 27.40 7 72.20SuryodaySFB 124.15 118.45 123.35 123.35 101.80 88.84 296.35 101.80 ­  ­ Sutlej Te   [1] 75.90 73.10 72.00 74.85 72.00 176.46 104.85 36.80 9 72.65

SuumayaLife 297.35 282.80 282.50 294.95 282.50 79.15 736.85 197.65 ­  ­ Suven Lif   [1] 80.55 79.15 78.80 80.65 77.50 211.31 124.40 69.65 ­  78.90SuvenPharma 549.45 523.05 540.65 544.00 516.35 125.38 590.00 450.00 ­  ­ SuvidaInfSvc 10.15 9.65 10.00 10.00 9.65 340.41 59.65 9.65 ­  ­ Suzlon   [2] 9.65 9.20 9.20 9.30 9.2053625.88 13.10 4.36 ­  9.20SVPGlobalVen 68.35 64.40 66.40 67.40 63.00 1063.11 164.85 61.75 ­  ­ Swan Ener   [1] 164.25 160.55 161.00 162.00 159.00 88.26 185.05 112.50 ­  159.60Swaraj Eng 1396.45 1367.55 1390.40 1390.40 1355.15 7.16 1989.90 1254.95 14 1375.95Symphony   [2] 973.45 971.05 955.00 983.00 952.95 22.09 1529.65 890.00 58 969.15SynergGreen 164.50 158.65 160.60 165.80 156.15 7.54 243.00 135.90 ­  ­ Syngene  Int 548.05 543.25 540.00 552.95 515.00 438.76 699.95 490.35 54 543.30

T . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Tainwala 67.65 65.00 67.65 67.65 63.95 5.47 124.00 53.85 35 65.00Taj GVK  [2] 135.85 135.80 133.00 137.95 132.00 247.27 161.15 102.20 ­  135.55Take Sol   [1] 33.00 30.20 32.60 32.60 29.10 1217.09 74.65 29.15 ­  30.20Talbros 457.60 440.00 440.00 455.00 429.55 48.71 654.90 193.05 14 441.35Tanla Sol   [1] 1586.75 1526.60 1546.00 1567.75 1500.00 323.49 2094.40 735.00 172 1523.00Tarmat 59.15 57.00 57.00 58.90 55.50 34.56 98.00 42.10 17 57.20TarsonsProd 656.25 630.75 625.45 643.65 624.40 120.60 924.90 581.45 ­  ­ TastyBiteEat 11953.05 12084.90 11700.00 12280.50 11700.00 1.21 21470.50 11605.00 159 12132.75Tata Chem 876.90 868.50 850.00 874.00 850.00 1089.33 1158.00 615.65 34 868.20Tata Cof   [1] 201.70 197.00 195.90 198.95 194.65 722.42 254.00 91.15 32 197.00Tata Com 1233.35 1220.50 1207.00 1229.00 1175.10 376.64 1590.00 930.05 35 1222.20Tata Elxsi 6733.00 6560.85 6422.90 6665.00 6422.90 289.13 7949.00 2544.80 81 6562.15Tata  Inv 1378.70 1347.05 1350.10 1360.00 1334.00 20.52 1734.00 953.00 37 1346.80Tata M DVR  [2] 235.95 223.45 229.00 231.85 219.55 3903.04 298.50 117.00 ­  223.25Tata Metlk 766.55 741.35 740.35 760.00 732.95 60.28 1374.00 695.00 9 742.10Tata Motors  [2] 494.45 478.25 480.55 486.30 471.4527957.54 536.50 268.50 ­  478.45Tata Steel 1181.85 1138.70 1158.00 1166.65 1119.25 9385.86 1534.60 656.55 4 1138.45TataConsuPro 713.20 715.20 690.00 716.90 690.00 1861.98 889.00 577.05 ­  ­ TataPowerC [1] 225.00 222.65 218.00 224.85 217.3029360.42 269.70 89.00 31 222.60TataStlLngPr 709.35 692.25 709.00 713.80 690.00 101.08 1087.70 644.45 ­  ­ TatvaChinPha 2233.30 2149.10 2202.00 2206.90 2141.00 33.76 2977.80 2001.00 ­  ­ TCI Devl 317.80 311.40 326.85 326.85 304.50 2.51 549.00 278.55 ­  315.30TCI Express   [2] 1680.45 1671.90 1640.65 1720.00 1620.00 20.45 2570.00 807.00 48 1676.15TCNSClothing 663.80 656.75 655.00 669.55 633.65 15.30 932.00 437.35 ­  ­ TCPLPackage 781.35 705.20 764.00 764.00 692.40 113.18 837.00 360.00 ­  ­ TCS  [1] 3719.40 3586.40 3650.00 3667.90 3570.00 5408.53 4045.50 2701.00 36 3586.65TD Power 366.85 352.35 358.00 398.00 340.55 48.54 492.60 141.90 26 350.20TeamleaseSvc 3915.50 3874.80 3860.00 3929.75 3829.00 7.74 5544.10 2777.20 71 3866.05TechInd Nirm 10.70 11.20 11.20 11.20 11.20 67.69 11.37 2.50 ­  11.37TechMahind  [5] 1418.20 1412.55 1380.50 1420.70 1375.00 2111.88 1837.75 915.05 27 1412.90Technocr 826.65 813.65 815.00 818.35 780.00 13.49 993.40 345.05 11 812.10TechnoEle&En 252.90 246.40 245.55 249.40 242.80 117.77 362.80 222.00 ­  ­ TegaIndust 450.25 433.45 430.00 440.90 421.75 294.82 767.70 421.75 ­  ­ TejasNetwork 421.95 408.40 402.85 413.70 401.00 285.86 570.50 156.50 ­  ­ TemboGlblInd 283.90 272.30 263.90 277.00 261.60 114.13 334.55 116.50 ­  ­ TeraSoftware 50.85 48.45 47.55 49.80 47.55 60.08 85.00 33.00 ­  48.50Tex.Infra   [1] 59.45 60.50 58.00 62.40 57.45 66.93 83.75 50.00 ­  60.60Tex.Pipe 78.85 75.10 73.00 77.00 73.00 252.31 100.90 24.20 13 75.25Tex.Rail   [1] 34.75 33.45 33.60 34.25 32.75 1632.20 49.80 21.83 ­  33.45TGB Banq 8.70 8.30 8.95 8.95 8.30 40.66 12.90 4.14 ­  8.40Thanga.Jwl 1099.35 1097.95 1099.35 1126.75 1051.25 8.48 1520.00 575.00 34 1106.30The Byke Hos 32.45 31.80 31.40 32.50 31.15 73.29 43.60 16.55 ­  31.80TheAnupEngg 832.90 817.45 810.00 828.00 800.00 23.41 1236.95 548.00 ­  ­ TheGrobTeaCo 961.25 890.65 960.60 960.60 850.55 0.93 1444.80 761.35 ­  ­ TheInvstTrst 100.35 101.30 99.90 102.70 98.55 6.36 141.15 83.00 ­  ­ TheMandRetVe 16.50 15.95 16.30 16.40 15.80 64.59 25.00 10.35 ­  16.00TheNewIndA [5] 126.85 123.85 123.50 125.85 122.25 181.87 182.90 122.30 22 123.80Thermax   [2] 1800.15 1749.50 1715.15 1800.95 1715.15 127.55 2174.00 1140.00 82 1752.50Thiru.Chem  [1] 226.85 221.45 220.00 224.40 217.50 612.67 357.25 85.00 13 221.50Thom.Cook   [1] 63.35 63.05 61.50 65.20 61.40 838.69 85.45 41.60 ­  63.05ThyrocareTec 877.15 876.95 865.00 922.55 865.00 211.51 1465.90 832.00 28 876.10Tidewater   [2] 1365.00 1342.95 1339.00 1354.70 1320.00 12.34 3693.75 840.00 24 1341.15TIL  115.20 110.55 113.90 114.70 108.00 24.65 245.00 108.65 ­  110.75Tilakngr  Ind 68.95 65.55 65.65 67.75 65.55 382.87 103.80 27.50 ­  65.55Time Gty 82.30 74.10 76.00 78.50 74.10 35.62 93.70 21.45 12 74.10Time Tech   [1] 72.40 70.90 71.05 71.90 69.70 689.83 94.50 52.35 16 71.05Timken 1972.55 1969.80 1948.35 1974.00 1925.15 43.80 2174.55 1208.00 57 1969.10Tinplate 339.95 322.35 324.50 332.30 318.25 635.14 395.60 146.30 12 322.40TirpathiForg 12.60 12.00 12.55 12.90 12.00 63.88 38.35 11.55 ­  ­ Tita.Wag  [2] 91.65 89.00 90.50 90.50 86.80 895.26 123.85 44.20 14 89.10TitanCompa [1] 2454.35 2450.10 2377.00 2457.00 2377.00 874.15 2687.30 1396.25 98 2445.05TN News 122.20 121.30 121.00 124.85 118.85 183.16 182.80 116.30 ­  121.50TN Petro 99.25 96.25 94.00 98.00 93.95 273.09 150.45 39.40 4 96.25Tokyo Pl 93.95 92.05 93.95 93.95 90.00 23.14 130.75 63.65 ­  90.90Tor.Pwr 477.65 472.20 470.00 474.00 458.00 468.30 606.05 362.10 17 472.15TorrentPhar   [5] 2654.90 2700.40 2602.00 2711.85 2585.65 359.35 3304.45 2311.30 44 2704.60Tou.Fin.Cor 60.00 58.10 58.70 58.95 57.25 153.75 83.30 51.65 6 58.05TouchwoodEnt 100.85 98.20 101.80 101.80 93.80 4.87 148.45 71.50 ­  ­ TPL Plastech 127.45 123.10 130.00 130.00 113.85 13.29 228.30 70.25 14 122.75Trans.Corp   [2] 587.60 569.30 550.00 577.00 550.00 75.43 858.00 239.75 18 570.70Transwarnt 9.75 9.30 9.30 9.70 9.30 3.28 14.54 2.22 ­  9.34TrejharaSolu 76.40 72.60 74.05 75.95 72.60 94.85 127.45 28.50 ­  ­ Trent   [1] 1035.35 1049.55 1002.00 1058.40 1002.00 714.43 1211.95 689.15 152 1047.50TRF 121.10 115.75 117.15 118.65 115.05 10.56 171.15 81.20 ­  117.00Trib Bhimji 70.05 67.85 69.00 69.75 67.25 99.71 104.40 58.05 19 67.85Trigyn 135.20 127.50 126.50 130.85 123.00 274.88 218.60 57.05 ­  127.50TRIL   [1] 36.40 35.10 35.65 35.85 34.35 650.73 46.50 15.90 29 35.10Triv.Eng   [1] 258.40 256.55 233.00 258.90 233.00 792.83 300.00 71.50 17 256.35Triv.Tur   [1] 176.45 178.70 165.00 180.80 165.00 560.96 231.25 96.00 57 178.35TT 105.95 101.75 100.45 115.90 96.75 53.65 137.00 40.15 6 102.05TTK Prst   [1] 822.00 805.10 793.00 814.95 793.00 48.11 1269.60 680.00 39 805.90TTKHealtcare 711.00 702.05 676.00 704.80 676.00 9.60 827.50 456.80 25 701.05TubeInvIndia 1634.35 1627.55 1603.00 1679.40 1587.00 289.08 2025.00 1000.00 ­  ­ TV Today   [5] 386.55 365.15 380.00 380.05 361.00 89.82 460.00 248.40 12 363.05TV18 Br   [2] 61.60 58.55 58.20 61.60 57.4513758.22 77.00 26.05 55 58.55TVS Elec 213.05 205.70 205.00 212.00 199.00 239.70 283.70 117.20 23 205.70TVS Mot   [1] 658.40 663.50 640.00 666.50 638.00 1225.24 793.45 495.00 34 662.25TVS Sri 1928.60 1876.10 1900.00 1900.00 1861.65 3.25 2588.00 1647.50 21 1877.30

U . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .UB  [1] 1525.35 1516.00 1499.95 1522.00 1492.80 131.22 1793.65 1050.00 118 1515.05Ucal Fuel 123.45 119.90 122.00 122.00 116.30 51.06 206.10 116.60 80 120.50Uco Bk 12.50 12.20 12.25 12.45 12.20 2884.18 15.85 10.60 ­  12.23UdaipurCemen 31.75 30.25 30.85 31.60 25.40 238.37 41.80 25.40 ­  ­ Ufl�ex 531.15 517.05 501.15 519.75 431.65 181.03 658.45 353.80 19 516.75UFO Moviez 96.25 92.95 94.50 94.50 90.70 199.98 125.45 68.75 ­  93.05Ugar Sug   [1] 43.45 43.30 41.10 44.50 40.10 1400.21 55.00 15.35 13 43.45UgroCapital 194.80 188.35 181.80 191.95 181.80 285.66 230.35 108.55 ­  ­ UjivanFinSer 107.80 107.70 105.00 110.20 103.45 1175.35 261.70 103.45 ­  108.05UjjivanSFB 17.50 16.95 17.15 17.30 16.65 2264.84 38.35 16.65 ­  ­ UltraTech 6813.45 6749.55 6713.00 6770.00 6676.15 359.24 8267.00 5727.90 30 6751.00UmangDair   [5] 71.25 70.25 70.90 73.40 69.00 17.75 99.00 50.40 ­  69.70Unichm Lab   [2] 244.30 247.55 242.55 249.85 235.00 113.04 374.90 197.50 ­  248.05UninfoTelecm 29.55 28.10 29.55 29.90 28.10 1.46 42.90 27.15 ­  ­ Union Bk 42.75 40.90 41.80 42.00 39.3019594.13 54.80 32.20 6 40.90Uniph.Ent   [2] 125.50 121.50 125.00 125.00 118.25 12.51 157.00 73.00 15 122.50United Nil 330.85 326.40 325.80 335.35 322.05 0.52 499.90 280.40 ­  ­ United Spr   [2] 838.85 838.90 826.05 841.60 822.10 1813.00 1019.75 495.15 69 837.80UnitedDrilng 445.90 440.35 443.90 459.45 427.55 63.08 604.85 242.25 ­  ­ UnitedPolyfb 35.05 36.80 36.80 36.80 36.80 59.96 55.20 17.35 ­  ­ Univ.Cab 146.55 144.25 146.50 146.50 142.10 36.31 217.55 123.00 22 143.95UnivastIndia 101.20 102.15 103.00 113.70 98.00 1218.13 113.70 37.15 ­  ­ UniversusImg 911.35 865.80 869.05 956.90 865.80 11.95 988.00 156.50 ­  ­ UPL   [2] 704.15 693.35 689.00 695.70 676.25 2841.05 864.75 514.10 147 693.15Usha Mar   [1] 86.15 84.20 83.10 85.20 82.00 716.56 102.65 28.55 16 84.20UTIAMC 812.90 791.00 806.35 808.70 778.30 140.90 1216.20 538.00 ­  ­ Utm.Sug 199.45 190.65 193.10 195.00 183.35 214.10 307.25 88.05 7 190.90

V . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .V Mart 3504.05 3440.65 3434.00 3630.00 3401.00 22.15 4620.00 2495.80 532 3439.40V2 Retail 149.10 147.15 145.00 148.90 145.00 33.69 206.95 98.80 ­  147.05VA T Wab  [2] 305.50 298.40 295.25 299.90 292.20 338.54 404.25 228.80 20 298.85Vadilal 1134.30 1162.70 1101.00 1188.05 1091.00 57.86 1264.00 827.30 ­  1155.15VadivrSpeChe 247.55 241.50 235.10 245.00 232.30 7.79 332.00 113.15 ­  ­ Vaibhav   [2] 408.85 399.70 400.00 406.75 398.00 106.06 1057.70 398.00 55 400.10VaishaliPhar 47.55 46.75 46.00 49.15 45.50 213.03 58.00 28.95 ­  ­ Vakrang   [1] 34.05 32.90 32.75 33.60 32.70 2498.55 66.70 29.15 ­  32.90ValiantOrgan 909.65 867.10 895.00 895.00 862.00 64.26 1848.00 862.00 ­  ­ Vard Text 2577.30 2468.55 2501.00 2552.00 2445.35 110.83 2880.00 971.00 9 2466.10Vard.Acry 52.65 50.10 49.20 52.40 49.20 124.20 318.55 163.30 ­  262.80Vard.Hld 3638.75 3523.60 3520.00 3630.95 3498.85 0.89 4667.55 1335.05 13 3533.10Vard.SPC 239.15 234.80 233.70 239.15 226.95 136.68 309.30 134.00 10 234.95VarrocEngg 366.55 368.55 350.00 373.95 345.00 619.74 458.00 260.00 ­  ­ VarunBevera 940.20 917.55 923.00 933.20 911.25 287.81 1020.00 582.67 81 917.15Vascon 25.60 25.75 24.50 25.95 24.25 550.79 36.70 15.25 20 25.85Vaswani 21.05 20.00 20.15 20.40 20.00 21.06 38.50 7.60 ­  20.00Vedanta   [1] 353.95 350.10 346.00 352.45 339.35 9895.72 385.75 191.50 9 350.05VedantFashn 880.10 863.25 850.00 887.00 826.70 940.24 992.70 826.70 ­  ­ Venky's 2013.45 1974.35 1965.00 1989.95 1950.00 40.38 3950.00 1502.00 15 1973.60VenusRem 286.55 268.20 279.80 279.95 263.85 89.93 638.50 203.00 6 269.90VertozAdvtsg 100.55 95.75 97.00 99.15 94.00 63.69 322.00 79.60 ­  ­ Vesuvius 1109.05 1107.20 1095.00 1128.80 1065.00 5.04 1362.00 903.50 32 1113.05Veto Switch 99.35 94.05 97.80 97.80 92.20 99.45 171.85 85.45 8 94.10V­Guard   [1] 206.25 198.75 202.00 203.95 197.50 451.70 285.00 197.50 42 198.80VidhiSpclIng  [1] 365.40 360.65 350.00 365.00 350.00 37.68 444.15 132.00 32 359.85VijayaDianos 420.55 408.15 415.05 416.05 401.00 303.83 672.00 401.00 ­  ­ Vimta Lab   [2] 356.25 333.15 350.00 350.00 331.50 54.97 453.00 145.20 20 335.10Vinati Org   [1] 1827.80 1819.90 1780.00 1844.95 1768.20 29.98 2180.40 1313.25 59 1815.50Vindh.Tel 1134.40 1110.80 1133.00 1133.00 1102.00 9.37 1499.00 765.05 12 1109.45VineetLabs 63.75 59.30 60.70 64.00 58.60 20.64 124.00 58.60 ­  ­ Vinyl Chm  [1] 246.50 235.55 230.15 237.50 230.15 108.38 330.55 110.55 18 235.30VIP  Ind   [2] 627.35 648.00 552.30 656.00 552.30 856.12 695.95 309.00 215 648.30Vipul Ltd   [1] 19.50 18.95 19.35 19.45 18.00 10.98 41.90 18.95 ­  19.00Visa Stl 14.10 13.40 13.55 13.55 13.40 16.88 21.45 5.74 ­  13.35Visak.Ind 615.80 611.25 590.00 614.95 586.10 33.71 873.55 459.05 9 608.95VishalFabric 116.95 113.30 115.00 118.25 111.80 82.10 147.75 41.30 ­  ­ VishwarajSug 21.50 20.50 20.75 20.85 20.10 2536.97 220.00 20.10 ­  ­ Vivi Lab   [2] 18.10 17.90 17.90 18.05 17.10 337.09 41.50 12.90 ­  17.85VLS Fin 175.35 167.25 170.00 171.60 158.30 61.69 264.85 71.20 2 167.40Voltamp 1909.95 1910.90 1890.00 1925.00 1836.45 5.91 2255.00 986.40 17 1915.65Voltas   [1] 1243.65 1239.15 1210.00 1244.35 1205.00 939.32 1356.90 918.00 70 1239.30VRL Logistic 464.40 451.10 434.00 453.50 434.00 126.29 591.50 201.60 28 450.45VST  Ind 2983.55 2962.10 2970.00 2995.00 2951.00 3.42 3893.95 2951.95 15 2960.95VST Til 2547.20 2497.75 2500.00 2540.30 2420.70 10.22 3458.45 1650.00 24 2490.35

W . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Wabco  Ind   [5] 7530.85 7689.25 7422.20 7964.20 7251.10 10.92 8777.70 5510.00 110 7674.25Walch.Ind   [2] 54.20 52.10 52.50 53.15 51.30 194.20 92.00 39.30 ­  52.15Waterbase 92.55 91.15 92.00 92.25 90.00 54.04 145.80 90.00 ­  ­ Webel SL 102.95 97.85 97.85 98.90 97.85 272.09 172.75 37.10 32 97.95

Weizman 67.75 64.40 66.85 66.85 64.40 8.64 94.10 37.30 54 64.60Wels.Corp   [5] 148.60 145.40 142.50 147.60 142.00 655.13 197.00 106.00 10 145.50Wels.India   [1] 110.05 106.55 107.00 108.55 105.50 1029.57 170.75 67.00 22 106.65Wels.Inv 290.55 285.10 291.65 295.70 275.10 4.41 587.00 235.60 44 288.10Welspun Ent. 85.05 85.35 82.60 94.80 82.30 210.85 134.90 78.55 16 84.95Wendt 5002.35 4851.05 4950.00 4950.00 4840.15 0.40 6249.00 3060.00 39 4843.10West C Pap   [2] 246.20 236.00 242.00 242.35 235.00 129.03 295.35 181.10 8 236.45WestlifeDevp 449.80 457.25 433.05 467.35 433.05 54.11 629.00 385.10 ­  ­ Wheels  Ind 620.60 615.25 592.50 640.00 590.00 16.32 1039.00 412.05 19 609.85Whirlpool 1694.75 1660.35 1653.00 1679.95 1650.00 183.89 2549.80 1650.95 78 1662.45Wil.Magor 23.75 22.50 23.35 23.95 21.40 8.96 40.00 16.45 ­  22.30Win.Diamond[2] 39.70 37.50 37.65 39.25 37.20 91.56 51.60 20.00 14 37.55WindlsBiotec 260.35 255.10 256.15 258.35 250.00 24.17 452.00 250.00 ­  ­ WinproIndust 6.85 6.70 6.65 6.85 6.65 195.58 14.35 5.00 ­  ­ Wipro   [2] 570.80 564.15 556.25 569.00 556.1010745.06 739.80 398.00 32 564.10Wockhardt   [5] 380.25 376.75 370.00 395.00 368.75 801.14 804.50 361.40 ­  376.50WonderlaHoli 221.25 218.45 216.00 219.60 210.05 98.81 269.90 172.65 ­  218.00WorthPeriprl 109.15 106.05 109.00 109.00 105.10 33.14 132.50 45.55 ­  ­ 

X-Z . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Xchang 89.60 87.40 83.05 88.45 83.05 309.16 141.25 60.20 44 87.55XelpmocD&T 299.75 293.75 282.15 299.45 281.55 36.15 513.00 251.65 ­  ­ YaariDigiInt 66.60 54.30 62.90 62.90 53.30 1140.77 183.45 53.30 ­  ­ Yes Bk   [2] 13.65 13.60 13.45 13.75 13.35110047.88 16.90 10.51 ­  13.61YukenIndia 563.85 527.00 538.90 563.00 516.80 9.22 685.00 516.80 ­  ­ Zee Ent   [1] 254.35 240.45 245.00 250.95 237.1014021.58 378.60 166.80 15 240.40Zee Learn   [1] 13.80 13.40 13.40 13.65 13.25 1601.91 20.70 9.75 ­  13.40Zee Med  [1] 15.85 15.10 15.10 15.10 15.10 875.51 20.27 5.70 ­  15.09Zen Exp 81.90 75.45 80.05 82.25 75.30 3.83 116.00 60.55 ­  76.60Zen Tech.   [1] 200.70 193.35 192.10 196.00 192.00 254.60 257.70 65.00 ­  193.65ZensarTec   [2] 348.80 337.05 330.15 344.50 330.00 1011.60 587.00 240.00 26 336.80Zod.Clo 104.40 100.95 99.05 110.00 98.60 23.86 153.80 85.05 ­  101.00ZomatoLtd 81.55 79.70 78.00 80.55 77.0028814.77 169.00 75.75 ­  ­ ZotaHealthCr 317.80 315.90 313.10 334.40 300.60 107.46 448.00 137.25 ­  ­ Zuari Ag 126.90 123.55 126.80 126.80 120.60 112.22 158.90 83.30 ­  123.90Zuari Glo 161.80 155.55 156.00 159.95 153.55 100.53 189.00 74.05 9 156.00ZydusWel 1569.95 1525.40 1520.00 1541.95 1510.00 61.56 2472.85 1431.00 ­  1527.70

Exchange Traded Funds

Company Pre Cl NSE Cl Vol 52 WH 52 WL BSE Cl

Axis Gold   [1] 43.08 43.27 137.83 43.60 38.36 43.21AXISAMC ­ AXISBNKETF 375.90 373.92 0.66 449.40 304.50 ­ AXISAMC ­ AXISBPSETF 10.50 10.46 991.81 10.69 9.06 ­ AXISAMC ­ AXISCETF 68.59 68.64 0.65 81.00 60.00 ­ AXISAMC ­ AXISHCETF 81.66 83.25 1.60 105.00 79.80 ­ AXISAMC ­ AXISNIFTY 181.77 180.60 9.10 212.22 132.00 ­ AXISAMC ­ AXISTECETF 350.79 347.13 1.05 437.10 250.95 ­ Bank BeEs   [1] 379.51 377.01 1908.18 420.43 303.00 376.96Birla Gold 45.54 45.40 22.62 46.03 40.50 45.38Birla Nifty   [100] 19.10 18.99 107.79 4810.00 4061.00 4625.00BIRLASLAM ABSLBANETF 37.62 37.27 4.18 420.00 33.90 ­ BIRLASLAM ABSLNN50ET 41.06 40.97 6.57 520.00 40.11 ­ BIRLASLAMC BSLSENETFG 55.12 54.96 1.45 664.99 47.55 ­ BIRLASLAMC ­ HEALTHY 8.14 8.07 100.04 10.41 7.97 ­ BIRLASLAMC ­ SILVER 65.41 66.55 320.62 68.80 63.20 ­ BIRLASLAMC ­ TECH 34.39 33.91 4.39 43.75 33.29 ­ ConsConstCon 136.43 135.37 397.79 156.00 95.00 ­ DSPAMC ­ DSPN50ETF 172.65 170.97 0.66 184.00 167.30 ­ DSPAMC ­ DSPNEWETF 194.83 191.89 1.64 209.85 158.90 ­ DSPAMC ­ DSPQ50ETF 164.42 160.82 10.05 186.00 157.63 ­ DSPBRAMC ­QUIDETF 1000.00 1000.00 44.72 1020.00 805.90 ­ EDELAMC ­ BBETF0432 1003.75 1004.45 1.85 1008.00 994.99 ­ EDELAMC ­ EBANK 4007.89 3911.25 0.14 4398.00 3242.33 ­ EDELAMC ­ EBBETF0423 1165.90 1161.08 1.75 1183.10 1083.37 ­ EDELAMC ­ EBBETF0425 1084.11 1083.22 9.35 1170.00 1005.00 ­ EDELAMC ­ EBBETF0430 1199.33 1196.67 20.80 1247.90 1064.16 ­ EDELAMC ­ EBBETF0431 1063.14 1064.83 6.54 1143.10 994.01 ­ Gold BeEs   [1] 43.10 43.38 7953.17 43.74 38.17 43.38Goldmanamc  ­ CPSEETF 31.68 31.70 1240.68 32.95 21.08 31.71HangSengBees   [1] 309.43 303.98 5.48 382.00 287.00 303.87HDFC Gold   [1] 44.18 44.39 1044.31 44.89 38.70 44.42HDFCAMC ­ HBANKETF 374.32 373.22 0.87 419.95 300.00 ­ HDFCAmc­Nift   [76] 184.71 183.49 48.42 202.00 148.55 183.70HDFCAmc­Sens 623.48 617.37 8.71 704.92 455.00 ­ IBULLSAMC ­  IBMFNIFTY 184.28 183.58 1.01 200.00 140.00 ­ ICICIPRAMC BHARATIWIN 46.92 46.60 296.42 52.20 31.20 ­ ICICIPRAMC ­  ICICI500 24.22 23.95 63.48 283.80 23.12 ­ ICICIPRAMC ­  ICICIALPLV 168.01 167.09 16.18 197.60 131.70 ­ ICICIPRAMC ­  ICICIAUTO 113.96 113.71 18.21 124.40 109.65 ­ ICICIPRAMC ­ ICICIBANKP 188.50 187.11 28.29 227.70 160.40 ­ ICICIPRAMC ­ ICICICONSU 69.21 68.89 0.33 82.25 57.01 ­ ICICIPRAMC ­  ICICIFMCG 365.85 362.78 3.37 437.00 356.22 ­ ICICIPRAMC ­  ICICILIQ 999.99 999.99 37.37 1040.00 971.50 ­ ICICIPRAMC ­  ICICIM150 109.34 108.18 24.41 132.70 86.25 ­ ICICIPRAMC ­  ICICINXT50 41.16 41.05 66.41 50.97 31.30 ­ ICICIPRAMC ­ ICICIPHARM 81.63 81.44 8.38 105.00 71.99 ­ ICICIPRAMC ­  ICICISILVE 65.70 66.61 617.45 67.29 62.91 ­ ICICIPRAMC ­  ICICITECH 351.49 348.25 77.67 419.70 201.48 ­ ICICIPRAMC ­  IPRU5008 375.57 372.16 2.76 449.70 285.00 ­ ICICIPRNIFLWVL30ETF 44.20 44.52 578.94 49.20 37.05 ­ ICICIPRNIFLWVL30ETF 98.99 98.15 66.56 115.00 77.10 ­ ICICIPRUDENTIALNV20ETF 95.10 93.91 28.18 109.10 69.30 ­ ICICIPRUDNIFTY100ETF 188.81 187.25 25.35 208.00 143.40 ­ ICICIPRUDNIFTYETF 185.08 183.97 490.15 231.30 140.80 ­ ICICIPRUDSENSEXETF 629.34 625.81 5.14 700.00 493.60 ­ IDBI Gold   [100] 4568.40 4611.35 0.30 4810.00 4061.00 4625.00IDFCAMC ­  IDFNIFTYET 180.17 177.80 0.40 223.00 147.47 ­ Infra BeEs 510.12 505.91 2.97 1950.00 1477.00 1791.00InvesIndGold   [100] 4496.35 4520.00 0.58 4550.00 3989.50 4493.35InvesInNifty 1880.00 1855.00 0.04 2319.00 1521.30 ­ Kotak Nifty   [5] 181.54 180.61 43.10 2252.45 1627.25 1841.85Kotak PSU Bk 273.06 268.29 37.76 305.25 187.95 268.60KOTAKMAMKOTAKALPHA 31.93 31.48 334.61 41.00 30.95 ­ KOTAKMAMC ­ KOTAKIT 34.86 34.52 35.05 46.00 23.36 ­ KOTAKMAMKOTAKMID50 78.37 78.37 3.48 88.00 77.00 ­ KOTAKMAMCKOTKBKETF 380.60 377.25 26.67 429.70 298.90 ­ KOTAKMAMC­KTNV20ETF 96.80 96.57 19.94 104.98 73.20 ­ Kotal Gold   [1] 43.16 43.38 303.70 43.73 36.81 43.21LICNAMC ­CNFENGP 184.59 182.71 0.62 202.99 140.00 181.33LICNAMC ­CNFESGP 619.62 615.70 0.22 677.40 493.95 ­ LICNAMC ­CNFNHGP 184.26 182.84 1.96 230.00 142.10 ­ LICNAMC ­CNMFET 22.26 22.26 11.86 26.94 19.00 ­ Liquid BeEs   [1000] 1000.00 1000.00 1539.32 1015.00 971.00 1000.01MIRAEAMC ­ MAESGETF 29.07 28.93 12.56 32.18 21.75 ­ MIRAEAMC ­ MAFANG 48.43 48.18 177.91 69.00 41.10 ­ MIRAEAMC ­ MAFSETF 17.49 17.44 41.40 21.00 15.05 ­ MIRAEAMC ­ MAHKTECH 17.43 17.43 110.39 23.00 16.00 ­ MIRAEAMC ­ MAMFGETF 77.59 76.96 10.72 95.00 75.90 ­ MIRAEAMC ­ MAN50ETF 178.05 176.80 15.15 210.80 143.70 ­ MIRAEAMC ­ MANXT50 402.49 401.65 8.67 530.18 327.82 ­ MIRAEAMC ­ MASPTOP50 28.05 27.96 165.49 37.00 24.20 ­ MOTILOS MIDCAP100 ETF 30.02 30.06 117.55 36.65 23.60 ­ MOTILOS NASDAQ100 ETF 103.43 101.63 2442.45 1143.10 95.80 ­ MOTILAL OSWAL M50 ETF 171.51 170.03 3.75 194.00 131.10 ­ MOTILALAMC ­ G5 49.65 49.59 1.17 59.05 41.99 ­ MOTILALMOMOMENTUM 194.53 192.03 4.00 204.99 190.05 ­ MOTILALAMC ­ MONQ50 57.51 57.97 6.55 78.00 49.05 ­ NI I ETF NIFTY MIDCAP 150 109.91 108.91 193.78 140.00 82.51 ­ NiftyBeEs   [1] 186.29 185.27 4189.47 201.00 146.60 185.16NiftyJrBeEs   [1] 423.06 421.72 188.02 473.00 343.60 421.39NIIndETFLong 22.40 22.36 28.44 25.80 20.80 ­ NIPETFDivOpp 44.74 43.90 5.55 51.20 32.51 ­ NIPP INDIA ETF NIFTY 100 179.97 178.83 13.34 219.40 146.15 ­ NippnInd­Nim 108.18 108.08 1.32 109.25 101.50 ­ NippoIndETF 74.60 73.93 15.41 86.00 60.36 ­ NIPPON  INDIA ETF NV20 97.92 97.07 15.92 118.00 76.45 ­ NIPPONAMC ­ NETFAUTO 114.13 114.12 56.96 120.75 108.05 ­ NIPPONAMNETFPHARMA 13.12 13.02 251.42 17.44 12.83 ­ NIPPONAMC ­NETFSILVER 63.42 64.29 482.15 66.40 59.44 ­ PSU Bk BeEs   [1] 30.41 29.85 1680.75 34.11 20.75 29.82Qgold   [2] 42.85 43.06 5.68 43.29 38.06 43.09Qnifty 1799.60 1792.00 0.42 1950.00 1477.00 1791.00RELCAPAMC ­ NETFGILT5Y 49.87 49.68 35.44 59.00 41.99 ­ RELCAPAMC NETFIT 35.19 34.92 1548.10 41.08 24.00 ­ RELCAPAMC­NETFSDL26 107.86 107.49 5.64 124.00 100.93 ­ SBIAMC ­ SBIETFCON 69.07 68.40 9.23 77.31 62.00 ­ SBIAMC ­ SBIETFIT 353.60 348.44 8.46 428.70 203.00 ­ SBIAMC ­ SBIETFPB 190.53 190.69 3.39 222.00 163.11 ­ SBIAMC ­ SBIETFQLTY 147.31 145.82 5.55 164.98 122.10 ­ SBIAMC ­ SETF10GILT 203.25 203.00 0.01 237.98 190.33 ­ SBI­ETF Gold 44.09 44.42 1462.22 4404.25 42.00 ­ SBI­ETF NIFTY 50 176.10 175.01 1147.88 196.54 141.00 ­ SBI­ETF NIFTY BANK 375.98 373.24 87.86 420.00 303.60 ­ SBI­ETFNN50 418.03 415.55 26.67 468.60 340.12 ­ Sharia BeEs 436.61 431.20 2.24 518.00 334.63 432.20TATAAML ­ NETF 178.38 176.63 2.10 222.68 160.10 ­ TATAAML ­ NPBET 193.44 189.40 0.59 228.89 163.65 ­ UTI Gold   [1] 43.00 43.25 227.61 43.60 39.21 43.17UTIAMC ­ UTIBANKETF 37.58 37.47 10.89 45.00 26.40 ­ UTIAMC ­ UTINEXT50 42.02 41.86 16.05 435.30 33.00 ­ UTIAMC ­ UTINIFT 1816.05 1803.77 2.60 2240.00 1412.00 ­ UTIAMC ­ UTISENS 607.94 602.00 1.62 737.55 487.50 ­ UTIAMC ­ UTISXN50 47.74 46.92 2.59 59.00 37.10 ­ 

*: Closing price  is  the average of  trade price(s)  for  the  last half an hour;52­Week High/Low fi�gurespertain  to BSE.

Shares of  face value other  than ₹�10  is  indicated  in brackets  immediately  following  the name of  thecompany.

Qty  (No of shares  traded)  is denoted  in  thousands.

The PE(price­earnings multiple) of each stock  is based on  the  latest declared earnings.

The  PE  computation  takes  into  account  the  per  share  earnings  of  each  company  for  the  latest  12months.

BSE Stocks

7Nr 17.55 18.65A.Sarabhai 33.20 34.00Aarey Drugs 42.85 40.55Aarnav 72.65 69.05Aartisurf 827.05 790.40Abslamc [5] 509.90 507.20Acrycil Ltd. [2] 710.45 727.60Ador Fontech[2] 74.20 70.70Ael [5] 48.80 46.50Afel 95.95 92.80Agol 66.90 66.30Agstra 113.05 104.50Aiil [1] 159.40 152.60Ainfra [5] 46.10 42.65Ajanta Soya 208.05 197.65Akspintex 67.90 71.25Alka India [1] 2.66 2.53Alu Fluoride 315.65 303.80Amerise [1] 1.67 1.59Amines&Plast [2] 97.25 90.75Amintan [1] 3.29 3.13Amiorg 887.70 871.40Amrawor Agr[1] 1.55 1.48Anandrathi [5] 562.75 560.25Andhra Petro 110.75 106.85Andrew Yule [2] 22.85 22.25Ang 261.95 275.00Angelone 1324.90 1285.15Anmol 229.95 222.30Ansal Build. 89.75 86.80Anuh Pharma[5] 101.00 99.45Anup 831.50 817.85Anupam [1] 3.51 3.34Anuras 872.75 852.90Apm Indus. [2] 40.60 37.65Apollotri [2] 760.20 760.45Aptus [2] 349.00 337.95Arcfi�n 58.05 60.95Architorg 41.45 39.05Arihant Cap. [5] 335.25 329.80Aryaman Fin. 67.70 80.95Ashirwa Cap [1] 7.04 6.69Asian Tea 18.95 17.10Asianene 117.15 114.10Asm Technolo 636.45 604.65Asrl 114.45 108.75Asso.Alcohol 433.90 419.65Atishay 40.25 36.50Avi 39.85 40.70Avonmore 70.05 66.00Awhcl [5] 283.60 274.45Awl [1] 327.40 314.40Axtel Indus. 281.15 281.05Bajaj Steel [5] 683.35 663.85Bajajhcare [5] 360.35 373.50

Balmer La.In 383.80 378.00Banas Fin. 71.05 67.50Barbeque [5] 1295.80 1240.10Baroda Extr. [1] 5.16 4.91Basant Agro [1] 18.40 17.10Bcpl 43.90 42.65Bectorfood 327.90 318.05Bengla& Asm 2488.85 2465.75Bestagro 965.15 884.10Bfl�afl� 234.85 246.55Bharat Seats [2] 73.30 70.25Bihar Sponge 10.75 10.31Bilcare Ltd. 75.45 70.40Binny Ltd. [5] 358.05 340.15Biogen [1] 1.50 1.43Birla Pretec [2] 29.05 27.60Birlatyres 22.80 22.25Bla Ros Ind [1] 192.30 184.60Bls Infote [1] 3.06 3.21Bmw [1] 27.45 27.50Camex Ltd 32.50 31.15Cams 2417.55 2340.10Captain Poly [2] 21.45 20.85Cartrade 562.15 561.45Chamanl Se [2] 91.95 89.75Chandni Te 44.75 43.05Chandra Prab 220.85 209.85Charterlogis [1] 8.17 7.77Chemb Chm [5] 183.95 181.40Chemcon 303.40 294.55Chemplasts [5] 500.75 477.65Cheviot Co. 1143.60 1104.45Clean [1] 1937.05 1862.05Cmsinfo 240.75 240.80Coast Corp 355.60 335.20Cochin Min. 110.35 104.45Cockerill 1496.35 1432.95Comsyn 271.65 260.75Cressanda So[1] 7.31 7.10Darshanorna 115.20 120.10Datapattns [2] 622.05 596.95Deccangold [1] 28.00 28.00Decipher 64.15 67.35Deep 552.30 553.85Deepak Spinn 267.95 259.85Deepind 191.30 182.80Devyani [1] 158.65 156.30Dhanvarsha [2] 139.40 123.30Dharamsi Chm 368.95 350.85Dhruv 53.60 53.75Diligent [5] 47.10 44.85Dynamic 135.75 129.00Earum [2] 6.80 6.46Easemytrip [2] 564.20 548.70Eastwest [2] 10.19 9.96

Ecoreco 122.25 118.40Eldeco Hous. [2] 692.35 682.85Elegant Flor 14.50 14.91Equitasbnk 55.50 53.80Everest Org. 227.20 214.60Evexia [2] 7.87 7.31Exxaro 120.10 115.10Facor Alloys [1] 7.61 7.23Fairchemor 1693.50 1620.60Faze Three L 286.60 281.90Fermenta [5] 256.35 251.40Fiberwb In 43.90 42.85Filat Fash [5] 6.61 6.28Finkurve [1] 57.90 52.15Finopb 291.85 278.95Flomic 137.25 138.20Foods & Inns [1] 87.15 84.70Force Motr 1065.75 1028.50G.V.Films [1] 1.18 1.18Ganesh Benz[1] 90.30 90.30Gee Ltd [2] 76.45 66.60Gemstone In[1] 1.86 1.78Gencon [5] 34.10 34.70Gennex Lab [1] 8.12 7.72Genpharma [1] 6.11 5.84Ggeng [2] 9.17 8.98Giladafi�ns 69.50 72.95Gitarenew 231.95 220.40Gkp 149.65 149.85Gland [1] 3248.15 3246.20Gls [2] 501.05 475.75Gocolors 940.00 924.30Golden Lami [5] 902.25 890.40Goodyear (I) 903.55 884.00Grauer& Weil[1] 55.75 53.55Greenpanel [1] 470.15 460.90Grinfra [5] 1429.90 1381.55GrmOversea[2] 560.95 532.95Grwrhitech 663.35 613.90Guj.Themis. [5] 355.95 359.25H.P.Cotton 135.10 125.75Haldyn Glass [1] 37.65 36.95Happstmnds [2] 1000.45 982.15Hemiprop 114.50 111.15Heranba 618.15 602.60Hfi�l 21.60 21.25High Energy 1592.75 1588.50Hind.Foods 1980.95 1962.90Hind.Tin Wrk 92.15 86.70Hleglas 5235.50 5186.20Homefi�rst [2] 706.75 700.45Hpal 367.35 357.85Icicinv20 95.20 94.75Icicinxt50 [1] 41.20 40.84Icicisensx 630.10 622.39

Icicitech 352.03 349.35Iifl�sec [2] 86.30 83.00Iifl�wam [2] 1504.65 1507.40Ind.Acrylics 13.30 12.95Indiamart 4766.40 4789.80Indian Info. [1] 4.25 4.04Indigopnts 1771.60 1755.75Indo Amines [5] 97.30 93.95Indoboraxc [1] 134.40 129.50Indrayani Bi 23.85 21.75Int.Conveyor [1] 70.55 69.15Integra Tele 23.75 22.60Intell Adv [1] 5.98 6.27Inter St.Fin [1] 14.05 13.35Ion Exchange 1937.95 1865.40Ipl [1] 298.35 294.25Ircon [2] 42.50 41.60Irctc [2] 803.15 789.70Irfc 22.05 21.75Iris 105.00 99.70Isec [5] 655.50 631.85Isgec [1] 538.80 522.00Ishan Dyes 141.25 138.75Isw Ltd [1] 3.50 3.33Jasch Indust 175.20 164.80Jaykay [1] 58.35 55.50Jct Ltd [2] 5.10 4.85Jindal Hotl 44.45 40.35Johnpharma [1] 1.29 1.23Jtl Infra [2] 241.00 229.95Jublingrea [1] 490.80 478.35Jyoti Resins 1254.80 1318.05Kalyankjil 60.20 59.30Kanchi 721.80 709.10Kanpur Plast 129.75 123.05Kcp Sugar In [1] 23.70 23.00Kennametal 1888.65 1857.25Khaitan Che [1] 99.35 96.10Khoobsurat [1] 2.25 2.36Kilpest (I) 373.20 357.25Kims 1220.90 1220.85Kingsinfra 67.40 67.95Kiran Syntex 18.04 17.93Kirl.Ferrous [5] 199.00 194.25Kirlosar Pn [2] 395.10 380.75Kkalpanaind [2] 44.95 43.35Kmc Shil [1] 60.30 57.40Kotaknifty 181.65 180.51Kpiglobal 411.65 391.20Kpittech 540.50 571.25Krettosys [1] 1.18 1.13Kriti Nutri [1] 47.90 46.55Krsnaa [5] 589.80 593.30Kushal [2] 5.35 5.13Lancer 210.65 200.50

Latentview [1] 451.80 421.60Latimmetal 126.70 121.15Lee&Nee Soft 15.05 14.30Likhitha 310.10 299.85Lkpsec [2] 14.95 14.75Lloyds Met E [1] 123.70 117.55Lodha 1272.80 1183.55Looks 13.47 13.08Luharuka [1] 4.04 3.84Lxchem [2] 415.50 403.30Lykisltd 33.75 31.25Madhavipl [1] 5.81 5.52Madrasfert 31.40 30.35Mafang [40] 48.50 48.30Maha Corp [1] 1.56 1.49Mahepc 103.25 101.50Mahktech 17.49 17.52Mangalam In[1] 6.46 6.14Manorama 1178.75 1185.05Manorg 866.20 831.50Manvijay [1] 83.95 80.60Manyavar [1] 879.75 863.60Mapmyindia [2] 1386.20 1346.35Maris Spin. 102.55 98.85Maxhealth 366.35 372.85Mazdock 249.80 241.75Medi Caps 56.10 50.55MediaMatrix [1] 12.76 12.13Medicamen Bi 644.60 631.70Medplus [2] 988.10 953.85Meera 100.00 97.60Mega Corpn. [1] 2.78 2.65MenonPiston[1] 45.80 45.35Metrobrand [5] 548.15 545.10Mfl� 807.30 794.70Mfl� India [1] 1.41 1.34Mfsintrcrp 43.80 45.85Minaxi Text. [1] 3.44 3.27Mishtann [1] 30.95 29.45Modinatural 202.10 192.00Modison Met[1] 71.05 71.45Mol [1] 95.25 93.65Monarch 169.60 173.30Moschip [2] 64.40 61.20Mstc 328.05 315.95Mtartech 1833.20 1770.00Narayani 11.46 10.32Nat.Peroxide 1660.00 1624.95Natural 13.94 12.89Natural Caps 347.85 345.80Nazara [4] 1876.30 1842.90Ncl Research [1] 1.54 1.47Neogen 1576.65 1538.90NglFine Chm [5] 2141.85 2108.15Nile Ltd. 542.85 529.15

Nitta Gela 285.20 271.70Novartis [5] 677.35 648.35Nureca 1423.55 1379.90Nuvoco 353.70 345.60Nykaa [1] 1327.60 1332.05Oal [5] 602.25 615.35Odyssey Cor[5] 7.93 8.32Omansh [2] 2.43 2.55Ontic 21.90 19.45Orchasp [2] 6.24 5.93Orientelec [1] 328.65 330.00Osiajee 52.95 52.30Pan India C 4.99 4.75Pana Energ 293.15 283.25Panafi�c [1] 2.22 2.11Paras 631.50 613.20Parleind 8.94 8.63Parnaxlab 101.85 100.80Pas.Acrylon 38.60 36.85Patel Airtem 242.15 236.30Paushak Ltd 9335.15 8982.85Paytm [1] 807.00 815.50Piccadily Ag 25.75 24.80Pix Trans 876.90 880.40Pmcfi�n [1] 5.21 4.95Policybzr [2] 726.70 684.55Polycab 2379.55 2376.25Powerindia [2] 3117.60 3177.30Ppl 154.30 156.25Princepipe 667.05 658.85Prismx [1] 7.66 7.27Pritikauto [2] 16.45 15.55Pro Fin Cap. 66.30 72.80Pun.Alkali [2] 76.30 76.20Raclgear 566.85 535.45Radhe Devlop 189.00 198.45Radhikajwe 167.60 160.95Radiocity [2] 23.80 23.50Raghuvir Syn[1] 207.60 197.25Railtel 100.20 98.65Rajoo Engin. [1] 31.35 30.65Ram Rat.Wir[5] 193.60 185.50Rama Phosph 347.00 328.70Raminfo 129.30 123.05Rategain [1] 335.50 311.50Rathi Bars 30.00 30.50Rba 117.50 108.75Rdb Rasayan 93.20 83.70Rel.Chemotx 261.40 249.05Resonance 182.85 174.25Rnb Denims [2] 84.20 80.00Rolexrings 1233.30 1200.65Rossari [2] 1007.60 978.75Roto Pumps [2] 370.15 369.15Route 1495.45 1498.25

Rubfi�la Int. [5] 93.55 90.70Ruttonsha In 369.70 388.15Rvnl 32.35 31.20Saboo Sodium 21.35 20.40Sacheta Met. 30.05 28.55Sadhana Nitr[1] 124.60 118.40Sahya Indu 493.00 474.30Saint­Gobain 80.10 77.15Samrat Pharm 447.30 437.20Samtex Fash[2] 3.65 3.83Sandur Mang. 2837.70 2776.95Saninfra 350.15 336.95Sankhya Info 8.54 8.87Sansera [2] 648.35 643.60Sapphire 1327.15 1309.60Satia [1] 93.85 91.70Sauras.Cem. 69.15 67.25Saven Techn[1] 45.00 43.75Sbicard 802.15 790.15Sbisensex 611.70 604.88Scandent 23.85 22.55Scanstl 33.90 32.50Seacoast [1] 15.75 15.20Setfnif50 176.07 175.06Setfnifbk 376.06 373.28Sgrl 291.10 277.70Sharp Inv [1] 2.81 2.67Shil [2] 404.25 396.20Shilchar Tec 297.60 321.80Shiv.Bimetal [2] 432.35 418.85ShivCement [2] 35.55 34.65Shivalik [5] 859.20 828.90Shree Global [1] 7.35 7.01Shreeganes [1] 10.70 10.20ShrJagdamb [1] 882.85 845.45Shrirampps 84.35 80.80Shyammetl 318.00 308.65Sigachi 315.10 300.40Sika Inter. 596.65 568.35Simran Farms 154.75 147.05Sinclair Hot [2] 84.60 79.80Sindhu Trade[1] 162.90 154.80Singer India [2] 54.85 52.00Sisl 1129.90 1092.40Sjs 382.20 379.45Smartfi�n [1] 8.49 7.90Smcglobal [2] 74.45 76.15Smlt 110.25 102.75Smruthiorg 259.30 253.30Snl Bearings 299.30 298.00Solara 704.65 705.40Sonacoms 656.15 634.05Spaceincuba 3.32 3.46Spandana 376.10 370.15Spel Semicon 65.25 68.50

Spencer [5] 83.25 80.00Spicejet Ltd 63.35 60.90Srd 153.75 149.40Srestha [2] 1.84 1.75Sri Digv Cem 64.00 61.80Sri Kpr Ind 26.90 25.55Starhealth 725.60 704.75Starteck 117.60 115.00Stovekraft 633.60 621.05Sukjit Strch 431.20 422.60Sumedha Fisc 60.15 57.05Sumichem 369.65 362.20Super Crop. [2] 7.18 6.78SuperTanner [1] 5.73 5.34Superior [1] 3.51 3.34Supremex [1] 4.39 4.60Supriya [2] 398.20 381.85Suraj Indus. 152.15 145.05Surat Text. [1] 14.25 13.55Suryoday 124.25 118.35Suvenphar [1] 547.50 522.70Suvidhaa [1] 10.14 9.69Svartcorp [1] 5.85 5.56Svcind 4.86 4.70Svpglob [1] 68.50 64.30Swarnasa 24.15 22.15Swasti Vinay [1] 8.71 8.28Swordedge [1] 0.82 0.78Swsolar [1] 331.15 328.10Synco Form. [1] 10.65 10.15Taalent 1550.80 1521.90Taneja Aero. [5] 113.65 108.00Tarc [2] 39.70 39.60Tarsons [2] 657.10 630.70Tata Yodogaw 132.50 125.90Tatia Glob [1] 3.62 3.44Tatva 2238.90 2148.45Tcnsbrands [2] 665.00 658.60Tcpl Pack 781.30 707.25Tdsl 22.35 21.30Technoe [2] 253.00 246.15Tega 450.10 433.80Tejasnet 421.70 408.30Tgvsl 65.15 61.95Thinkink [5] 50.50 49.00Tiindia [1] 1625.85 1624.85Tilak [1] 13.45 14.10Timex Group [1] 65.15 64.45Tinnarubr 243.40 247.30Titan Biotec 257.00 246.30Titan Secur. 19.75 18.80Toyamind [1] 6.46 6.14Transpek 2016.35 1950.20Trejhara 76.50 72.70Ttfl� 66.45 71.35

Vikasprop [1] 2.14 2.05Worl 982.60 972.00Yasho 1636.05 1614.75

Steel Exch 238.75 233.60Vikas Wsp [1] 3.61 3.53Vikaslife [1] 5.21 4.95

Seil 516.40 490.60Sintexplast [1] 7.81 7.42Sportking 1246.10 1183.80

Tuni Textile [1] 5.12 5.37Tyche Inds 134.45 134.30Udaip Ceme [4] 31.80 30.20Ugrocap 194.50 189.55Ultramarine [2] 310.50 306.80Unison 31.80 30.25United Drill 445.80 438.40Univphoto 901.25 856.20Ushdev Intnl [1] 4.08 3.88Utiamc 813.80 791.05Utique 6.15 5.85Utlinds [1] 5.67 5.45Uyfi�ncorp [5] 10.71 10.03Valiantorg 910.60 868.80Vama Inds [2] 10.02 9.51Variman 172.00 165.20Varroc [1] 366.90 369.20Vedavaag 63.90 61.05Vegetable [1] 66.15 69.45Vijaya [1] 420.55 401.40Vineetlab 64.35 59.35Vipulorg 204.20 196.05Virtual Glo [1] 1.95 1.86Visagar Fin [1] 3.10 2.95Vishal [5] 117.10 113.15Vishwaraj [2] 21.45 20.50Vivo Bio Tec 38.50 40.15Waareertl 356.55 335.90Waterbase 92.80 91.20Welsplsol [6] 17.75 16.90Westlife Dev [2] 446.05 460.80Whiteorg 17.59 16.72Wim Plast Lt 415.55 418.15Wimsome Text 76.95 70.10Windlas [5] 261.50 254.85Xelpmoc 299.40 293.90Xtglobal [1] 54.65 54.05Yamini Inves [1] 1.67 1.59Yashchem 60.10 58.85Zeal [1] 8.59 8.13Zenith Healt [1] 7.34 7.00Zomato [1] 81.55 79.75

Group T

Bclil 400.60 380.60Bh.Immun&Bio 40.55 38.90Bhatia [1] 32.65 34.25Boroltd [1] 359.10 341.15Fluorochem [1] 2639.70 2681.50Guj.Stat.Fin 10.29 10.49Kpel 277.70 263.85Raj Glo Wir 2363.05 2287.85Relhome 3.69 3.53Sctl 2.03 1.93

ProznIntPro [2] 26.55 25.65Raj TV  [5] 40.05 40.00RajdharsanIn 38.25 36.35RajratnGlbWr 2362.55 2281.55Rajsr.Sug 27.45 26.40Rohit Ferro 29.45 28.00S&SPowSwitch 22.20 23.30SagardpAlloy 72.35 68.75Saregama 4305.10 4102.20SatinCrdNet 91.50 88.50SBCExports 147.50 7.75SE Power 19.80 18.85SejalGlass 131.95 138.50SelManufactr 231.30 242.85ServotecPowr 108.45 108.20ShantOversea 19.20 18.45ShreramProtn 102.50 107.55Shriram Pist 705.30 713.00SPML Infra  [2] 52.95 50.35Std Inds  [5] 13.00 12.75SteelExcInd 237.75 234.10

Supr.Infra 19.00 18.35

SuranaSolar  [5] 23.75 22.60SwelectEnerg 294.25 288.35TataTel(Mah) 137.40 130.55Themis 1059.95 1044.40ThePKTeaProd 257.95 253.95TheWestInPly 59.00 59.95Thom.Scot 40.40 38.40Tips Ind 1958.30 1874.40TotalTranspr 82.95 78.85TRIDENT  [1] 52.85 50.95UrjaGlobal  [1] 15.45 14.70

VIPClothing  [2] 23.05 22.50Visagar  [1] 1.85 1.80Visesh.Inf  [1] 1.45 1.40VishnuChem 1333.75 1267.10Wanbury 90.35 85.85WelthFrstPrt 250.00 243.00WonderFibro 181.35 180.80Xpro India 975.75 928.10ZodiaEnergy 99.45 94.50

ICDSLTD 44.90 43.65IL&FS Ven  [2] 7.65 7.55IMP Pwr 13.90 13.70IncredbleInd 24.60 23.40Ind.Card 272.00 266.00Indo Wnd 16.80 16.00IndoThai 315.70 331.45Ind­Swift  [2] 12.60 12.00Infomedia 3.80 3.65InterntlCons 34.15 35.85ISMT  [5] 47.40 47.50Jay.Neco 23.80 23.20JBF Ind 16.45 16.90JITFInfraLog  [2] 145.60 139.35JSWEnergy 339.35 327.65Kaly.For 190.45 195.65Kanani Ind  [1] 18.85 19.75KapstonFacil 113.95 108.40Karma Enr 30.30 28.85Kernx.Mic 110.10 105.25Khait.Ind 39.00 37.05Khand.Sec 21.40 20.35KilitchDrugs 177.45 174.40Lotys Eye 57.05 59.90LovableLingr 137.60 136.45Lyka Labs 136.75 133.65ManakAlum  [1] 23.20 22.20ManCoatMet[1] 28.45 27.05MarneElectrl 31.85 30.40MarshalMachn 41.45 40.55Mask Invest 35.85 36.85Mega Soft 47.95 45.60MicElectrnic 20.15 19.15Mindtek(Ind) 131.85 125.30MittalLifSty 15.75 15.00ModiRubber 69.70 66.25Morarj.Tex  [7] 20.85 20.80Mot.Gen.Fin  [5] 26.15 26.10Nah.Spg  [5] 519.85 501.10NakodaGroup 263.10 270.20Nitin Spn 271.60 264.05NK Industrie 36.35 34.60PalashSecu 90.30 90.00PalredTech 224.90 213.70Patel Engg.  [1] 25.80 25.10Precsn.Wre  [1] 92.60 88.40

63MoonsTec [2] 228.75 225.60AakashExplor 28.35 29.50AdaniTtlGas 1591.10 1587.50AkashInfraPr 194.80 185.10AlkaliMetals 89.45 86.00ApolloMicSys 130.75 125.95ArchidplyDec 47.30 46.50Arss Infra 29.85 28.75ArtNirman 155.05 162.60Atlanta  [2] 20.50 19.65Auto Stamp 300.00 285.00Autoline 58.40 57.50AxiscadeEng [5] 101.05 96.00BalkrisPaper 47.25 44.90BankaBioloo 72.00 71.30Barak Val 22.60 22.65BclIndustrs 399.95 380.00BharatRdNet 36.75 34.95BLB  [1] 19.85 18.90BOROSIL 358.40 340.80BrightcomGr [2] 143.40 136.25Cambridge 63.80 60.95Celebrity 14.30 13.70CMI 39.95 38.00CompucomS [2] 23.60 22.45CrestVenture 183.95 193.10Cyber Med 24.75 25.95DB Realty 102.45 97.35DB(Int)StBrk [2] 25.10 23.85De Nora 417.10 406.25Dhar.Sugar 17.75 16.95DRCSystemInd 403.75 404.90Ducon Infra  [1] 20.05 21.05EmamiRealty[2] 68.50 66.25Energy Dev 20.30 19.30FlexituffInt 25.55 24.95Glb.Vect 50.35 49.40GodhaCarbon 136.10 142.90GokulAgroRe[2] 65.85 63.75Golds.Tech 73.65 70.00GoodluckInd [2] 319.15 316.30GSS Info 98.50 95.60GujartRafInd 36.25 36.10GujratFlrChe 2663.75 2690.55HindRectify  [2] 191.45 185.50Hubtown 58.30 55.95

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