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					                                 Money Morning                                                                             Aditya Birla Money
                                                   19 March 2012


             Index

                                                   Page No.                                     Page No.        Indian Indices                                    % Change
                                                                                                                                           Last Close    1 Day         MTD        YTD
              Corporate News                          2           Board Meetings                   4
                                                                                                                Sensex                        17,466      (1.2)        (1.6)      13.0
              Macro Economic News                     2           Bulk Deals                       5          Nifty                          5,318      (1.2)        (1.2)      15.0
              Derivative Corner                       3           Insider Trades                   5          CNX Midcap                     7,639      (1.1)        (0.9)      25.0
                                                                                                                CNX IT                         6,501      (0.3)        (1.6)       5.9
              Event Calendar                          4           Volume Shockers                  5
                                                                                                                Bankex                        10,391      (1.9)        (0.2)      30.4
              Corporate Actions                       4
                                                                                                                Auto                          10,154       0.2          1.6       24.7
                                                                                                                Metal                         11,515      (2.2)        (4.5)      23.9
             What they said
                                                                                                                FMCG                           4,287       1.9          2.9        6.2

                                                                                                                Global Indices                                    % Change
          “Most things needed to be done are outside Budget.” – Montek Singh                                                               Last Close    1 Day         MTD        YTD
          Ahluwalia, Deputy Chairman of Planning Commission.                                                    Shanghai                       2,405       0.6         (1.6)       9.0
                                                                                                                Nikkei 225                    10,130       0.2          4.4       20.1
                                                                                                                Straits Times                  3,011      (0.1)         0.9       14.2
          Nifty vs Institutional Movement                                                                       Hang Seng                     21,318      (0.2)        (1.7)      15.8
                                                                                                                DJIA                          13,233      (0.2)         2.2        8.3

         (` Mn)                                 Provisional Figures for Investments                             S&P 500                        1,404       0.1          2.8       11.7

         24000                                                                                           5500   FTSE                           5,966       0.4          1.6        7.1
                                                                   5464
                                                                                                                Dollar Index                      80       0.0          1.4       (0.5)
         20000
                                                      5430                                               5450
         16000                                                                                                  Live Markets                                 As on 0730 hours IST
                                                                                 5381                                                                                       Hang
         12000                                                                                           5400
                                                                                                                                            Shanghai     Nikkei SGX Nifty   Seng
             8000            5334                                                                        5350   Current Quote                  2,390    10,148        5,337     21,326
             4000                          5360                                               5318
                                                                                                                % Change                       (0.6%)     0.2%         0.1%       0.0%
                0                                                                                        5300
          (4000)                                                                                                Volumes                                    Moving Average (Rs bn)
                                                                                                         5250                                            1 Day        5 Day     30 Day
          (8000)
        (12000)                                                                                          5200   BSE CASH                                   36            30        31

                        9-Mar          12-Mar        13-Mar     14-Mar      15-Mar        16-Mar                NSE CASH                                  164           141       147
                                                                                                                NSE F&O                                  2164         1074       1201
                                         FII (LHS)            MF (LHS)            Nifty (RHS)
                                                                                                                Institutional Activities (Net)                    Spot market
                                                                                                                                                         1 Day         MTD        YTD
        Source: NSE
                                                                                                                FII     (Rs bn)                            8.8         74.0      437.1
                                                                                                                MF      (Rs bn)                           (7.7)       (26.0)     (74.4)
          Nifty vs India VIX
                                                                                                                Bond Market                                        Historical Data (%)
                                                                                                                                                         1 Day           1M       1 Yr
         5500        27.3                                                5464                            28
                                                                                                                10Yr Yield (G-Sec)                        8.42          8.20      8.57
                                                               5430
         5450                   26.3                  26.3                                               27
                                                                                                                Currency Market                                   % Change
                                            25.5                                     5381
         5400                                                                                            26                                Last Close    1day          MTD        YTD
                                                               24.8       24.7
         5350                                                                                 5318       25     INR/USD                        50.19       0.4         (2.3)       5.7
                                                      5360                         25.4                         INR/EURO                       65.62       0.3          0.4        4.8
         5300                              5334                                                          24
                                                                                                                INR/GBP                        78.96       0.0         (1.0)       4.4
         5250                                                                                            23
                                                                                             23.1               Commodities Update                                % Change
         5200                                                                                            22                         Unit       Close     1 Day         MTD        YTD
                     5222     5220
                                                                                                                Crude Oil(NYME $/Bbl             107       0.2          0.2        8.6
         5150                                                                                            21
                     6-Mar     7-Mar      9-Mar      12-Mar   13-Mar 14-Mar 15-Mar 16-Mar                       Gold (OTC)          $/Oz       1,663       0.2         (2.0)       6.3
                                                                                                                Copper (LME)       $/MT        8,531      (0.6)         0.4       12.4
                                        Nifty Spot (LHS)           INDIA VIX (RHS)
                                                                                                                Aluminum (LME) $/MT            2,219       0.5         (2.9)      11.3
                                                                                                                Sugar (LIFFE)      $/MT          667      (0.5)         2.2       10.7
        Source: NSE
                                                                                                                Zinc (LME)         $/MT        2,078      (0.7)        (1.6)      12.6
                                                                                                                Baltic Dry Index                 874       0.9         16.5      (49.7)

                                                                                                                Source: Bloomberg




                                                                          Aditya Birla Money Limited
                        2nd   Floor, Sheil Estate, Dani Corporate Park, 158 CST Road, Kalina, Santacruz (East), Mumbai 400 098 | Tel: +91 22 42333400
                                                                                        Page No: 1
                              Money Morning                                                                     Aditya Birla Money
                                          19 March 2012

        Corporate News/Results Corner

        Some of the key measures likely to boost the power sector during budget 2012-13; Positive in short to medium term for Adani
        Power, Tata power, JSW Energy etc.

            Tax free bonds of Rs.100bn for power sector.

            Full Exemption from basic customs duty and a concessional CVD of 1% on imported coal(till2014).

            Reduction in withholding tax(interest on Foreign currency loans) from 20% to 5%.

            Extension of sunset clause(80-IA) for one more year.

            Allowing to part re-finance the domestic debt via ECB

        We believe the above measures will boost the power sector in the short to medium term and recommend to “Buy” Adani Power,Tata Power
        JSW Energy etc from short to medium term perspective.




        Macro Economic and Other News                                                     International News

        India’s forex reserve stood at $294 bn                                            Global recovery on path: IMF
        India’s foreign reserves fell by $1.03 bn to $294 bn and foreign                  The global economy has stepped back from the brink of danger
        currency assets dropped $1.02 bn to $258.6 bn in the week                         and signs of stabilisation are emerging from the euro zone and the
        ended March 9.                                                                    U.S., but high debt levels in developed markets and rising oil
                                                                                          prices are key risks ahead, the IMF said on Sunday.


                                                                                          Consumer sentiments in U.S. drop on Gasoline prices
                                                                                          Confidence among U.S. consumers unexpectedly dropped to 74.3,
                                                                                          lowest this year in Mar’12 as this year’s 17% jump in gasoline
                                                                                          prices threatens to squeeze household budgets.
        Source: Economic Times, Business Line, Business Standard, Times of India, DNA Money, Mint, Financial Express, Bloomberg




                                                                  Aditya Birla Money Limited
                     2nd   Floor, Sheil Estate, Dani Corporate Park, 158 CST Road, Kalina, Santacruz (East), Mumbai 400 098 | Tel: +91 22 42333400
                                                                             Page No: 2
                                                       Money Morning                                                                                                       Aditya Birla Money
                                                                         19 March 2012


            Nifty Grid % Change in Price



                                                       <
                 Short                                                                                                                             M&M                                                                                      Long Built
                 Covering                                     2                                                                                    ITC                                                                                      Up

                                                                                                                        AMBUJACEM
                                                              1
                                                                                                                            HINDUNILVR
                                                                                                                             HCLTECH              MARUTI
                                                                                                      TCS
                                                                                                                               HDFC             JPASSOCIAT
                                                                                                                                DLF
                                                              0
                              Daily Price Change (%)




                                                                                                                           WIPRO
                                                                                                                         DRREDDY
                                                                                                                       HEROMOTOCO                  INFY
                                                                                              BAJAJ-AUTO                    ACC                  RANBAXY                         BPCL
                                                                                                                         HINDALCO               HDFCBANK
                                                                                                                         RELINFRA
                                                                                                                            IDFC
                                                         (1)
                                                                                                                                                  CIPLA
                                                                                                                            TATASTEEL
                                                                                               RPOWER                                           BHARTIARTL
                                                                                                                             ICICIBANK
                                                         (2)
                                                                                                                                                   NTPC
                                                                                                                               GAIL
                                                                                                                                                JINDALSTEL
                                                                                                                             SIEMENS
                                                                                                                                                   CAIRN
                                                                                                                               SAIL
                                                                                                                                                 AXISBANK                TATAPOWER
                                                                                                                             SUZLON                                                                 SUNPHARMA
                                                                                                                                                    PNB                      LT
                                                                                                                            KOTAKBANK                                                                 ONGC
                                                                                                                                                   STER                     SBIN
                                                                                                                              RCOM
                                                                                                                                                 SESAGOA
                                                                                                                               BHEL
                                                                                                                                                POWERGRID
                                                                                                                            RELCAPITAL
              Profit                                                                                                                             RELIANCE                                                                               Short Built
              Booking/                                                                                                                                                                                                                  Up
                                                                  <                                                                                                                                                            >
                                                       <




              long                                                                       -10                           -5                   0                        5                             10
              Unwinding
                                                                                              Daily % Change in Open Interest* (Futures Current month)

                                                                                                                                                                                                                                                                
        Note: Summation of three series of future




            Nifty open interest built up (Current expiry)                                                                                          FII Deri Watch

            8000000                                                                                                                                1000                                                                                                 5500
            7000000                                                                                                                                 800                                                                                                 5450
                                                                                                                                                    600                                                                                                 5400
            6000000
                                                                                                                                                    400                                                                                                 5350
            5000000                                                                                                                                 200
                                                                                                                                                                                                                                                        5300
            4000000                                                                                                                                   0
                                                                                                                                                                                                                                                        5250
                                                                                                                                                   (200)
            3000000                                                                                                                                                                                                                                     5200
                                                                                                                                                   (400)
            2000000                                                                                                                                (600)                                                                                                5150
            1000000                                                                                                                                (800)                                                                                                5100

                  0                                                                                                                               (1000)                                                                                                5050
                                                                                                                                                             5-Mar

                                                                                                                                                                         6-Mar

                                                                                                                                                                                   7-Mar

                                                                                                                                                                                           9-Mar

                                                                                                                                                                                                        12-Mar

                                                                                                                                                                                                                 13-Mar

                                                                                                                                                                                                                          14-Mar

                                                                                                                                                                                                                                   15-Mar

                                                                                                                                                                                                                                               16-Mar
                       4800

                                               4900

                                                       5000

                                                                  5100

                                                                         5200

                                                                                5300

                                                                                       5400

                                                                                               5500

                                                                                                        5600

                                                                                                                5700

                                                                                                                            5800




                                                                    Put OI        Call OI                                                                      FII FUT B/S                     FII FUT OI CHNG                              Nifty Spot


        Source: NSE                                                                                                                              Source: NSE

         




                                                                                                               Aditya Birla Money Limited
                       2nd    Floor, Sheil Estate, Dani Corporate Park, 158 CST Road, Kalina, Santacruz (East), Mumbai 400 098 | Tel: +91 22 42333400
                                                                                                                                   Page No: 3
                                Money Morning                                                                      Aditya Birla Money
                                             19 March 2012

          Event Calendar
         Economy         Friday 16 Mar                   Monday 19 Mar             Tuesday 20 Mar               Wednesday 21 Mar               Thursday 22 Mar
         Domestic        India – Annual Budget



         Global          Euro Zone: Trade Balance        Hong Kong:                Australia: Reserve Bank      Thailand: Benchmark Interest   Euro Zone: PMI
                         sa Jan (Actual 5.9B, Prior      Unemployment Rate         Board March Minutes          Rate (Exp 3.00%, Prior         Composite Mar A (Exp
                         7.4B)                           SA Feb (Exp 3.3%,         UK: CPI (MoM) Feb (Exp       3.00%)                         49.8, Prior 49.3)
                         Euro Zone: Trade Balance        Prior 3.2%)               0.50%, Prior -0.50%)         UK: Bank of England Minutes    Euro Zone: PMI
                         Jan (Actual -7.6B, Prior        Hong Kong:                UK: CPI (YoY) Feb (Exp       US: MBA Mortgage App.          Manufacturing Mar A
                         9.1B)                           Composite Interest        3.30%, Prior 3.60%)          (Prior -2.40%)                 (Exp 49.5, Prior 49)
                         US: CPI (MoM) Feb               Rate Feb (Prior           US: Housing Starts Feb       US: Existing Home Sales        Euro Zone: PMI
                         (Actual 0.4%, Exp 0.4%,         0.49%)                    (Exp 695K, Prior 699K)       Feb (Exp 4.60M, Prior          Services Mar A (Exp
                         Prior 0.2%)                     Euro Zone: Current        US: Housing Starts MoM       4.57M)                         49.3, Prior 48.8)
                         US: CPI (YoY) Feb               Account nsa Jan           Feb (Exp -0.60%, Prior       US: Existing Home Sales        Brazil Unemployment
                         (Actual 2.9%, Exp 2.9%,         (Prior 16.3B)             1.50%)                       MoM Feb (Exp 0.70%, Prior      Rate Feb (Exp 5.90%,
                         Prior 2.9%)                                               US: Building Permits Feb     4.30%)                         Prior 5.50%)
                         US: Industrial Production                                 (Exp 685K, Prior 682K)                                      US: Initial Jobless
                         Feb (Actual 0.0%, Exp                                     US: Building Permits                                        Claims (Prior 351K)
                         0.4%, Prior 0.4%)                                         MoM Feb (Exp 0.40%,                                         US: Continuing Claims
                         US: U. of Michigan                                        Prior 0.70%)                                                (Prior 3343K)
                         Confidence Mar (Actual                                                                                                US: Leading Indicators
                         74.3, Exp 76.0, Prior 75.3)                                                                                           Feb (Exp 0.60%, Prior
                                                                                                                                               0.40%)
                                                                                                                                               Euro Zone: Consumer
                                                                                                                                               Confidence Mar A (Exp
                                                                                                                                               -19.9, Prior -20.3)


        Source: Bloomberg


          Corporate Actions                                                                  Board Meetings

         Ex Date    Company                            Purpose                               Date         Company                              Results        Dividend
                    Oil & Natural Gas                                                        20-Mar       Colgate Palmolive (India) Limited                        
         19-Mar                                        Interim Dividend
                    Corporation Limited
                                                                                                          National Aluminium Company
                                                                                             20-Mar                                                                
         19-Mar     Modi Rubber Limited                Annual General Meeting                             Limited
                    TVS Motor Company                                                        21-Mar       Madras Cements Limited                                   
         20-Mar                                        Interim Dividend
                    Limited                                                                  Source: NSE
                                                       Annual General Meeting
                    Lakshmi Energy and
         21-Mar                                        And Dividend Re.0.20 Per
                    Foods Limited
                                                       Share
                                                       Annual General Meeting
         21-Mar     Nestle India Limited               And Dividend - Rs.12.50/-
                                                       Per Share
         21-Mar     EID Parry India Limited            Interim Dividend
                    National Aluminium
         22-Mar                                        Interim Dividend
                    Company Limited
                    Colgate Palmolive (India)
         22-Mar                                        Interim Dividend
                    Limited
         Source: NSE




                                                                       Aditya Birla Money Limited
                       2nd   Floor, Sheil Estate, Dani Corporate Park, 158 CST Road, Kalina, Santacruz (East), Mumbai 400 098 | Tel: +91 22 42333400
                                                                              Page No: 4
                                Money Morning                                                                          Aditya Birla Money
                                            19 March 2012

          Bulk Deal

        Company                         Acquirer                                            Qty     Price     Seller                                            Qty     Price
        Ess Dee Aluminium Limited                                                                           Acira Consultancy Private Limited                584633     188.7
                                        Swiss Finance Corporation (Mauritius)
        Glodyne Technoserve Ltd                                                        250000        352
                                        Limited

        Gss Infotech Limited            Beaumaris Investments Limited                  225000          58 Chiraayush Stock Consultants Pvt Ltd               224990       58

        Karur Vysya Bank                Warhol Limited                                3164000     379.99 India Max Investment Fund Limited              2699211          380

        N.A. = Not Available
        Source: BSE & NSE

          Insiders Trades *

        Company                                           Acquirer/Seller                                                           Bought/Sold                          Qty
        Bharat Gears Ltd                                  Future Consultants Pvt Ltd                                                         B                        175000
        Bhilwara Technical Textiles                       Diplomat Leasing & Finance Pvt Ltd                                                 B                        659008
        Hexaware Technologies Ltd                         Shailesh V Haribhakti                                                              B                        132400
        HDFC Ltd                                          Citigroup Strategic Holdings Mauritius Ltd                                         B                  129469705
        Indiabulls Financial Services                     Orthia Land Development Pvt Ltd                                                    B                        683392
        Jubilant FoodWorks Ltd                            Jubilant Enpro Pvt Ltd                                                             B                        125298
        KEC International Ltd                             RPG Cellular Investments & Holdings Pvt Ltd                                        B                        344000
        Mahindra Lifespace Developers                     HSBC Global Investment Funds & PACs                                                B                        265661
        Mangalore Chemicals & Fertilizers                 Guardian Advisors Pvt Ltd                                                          B                        145000
        NOCIL Ltd                                         Navin Fluorine International Ltd                                                   B                        310000
        Sonata Software Ltd                               Bhupati Invetments & Finance Pvt Ltd                                               B                        175068
        Sun TV Network Ltd                                S Selvam                                                                           B                        299771
        Tata Chemicals Ltd                                Tata Aig General Insurance Co Ltd                                                  B                         37549
        Tata Global Beverages Ltd                         Tata AIG General Insuarnce Co Ltd                                                  B                        163833
        Tata Steel Ltd                                    Kalimati Investment Company Ltd                                                    B                        671455
        Tilaknagar Industries Ltd                         Amit Dahanukar                                                                     B                        115000
        Titan Industries Ltd                              Tata AGI Life Insurances Company Ltd                                               B                         40000
        Source: BSE & Capitaline
        Note: The above insiders Trades might include ESOPs conversion.
        * The above trades are historical and as reported to the BSE exchange yesterday.

          Price Shockers
         Gainers                                                                          Losers
                                               Close           Change            Change                                             Close        Change            Change
         Company                             price (`)         Price (`)        Price (%) Company                                 price (`)      Price (`)        Price (%)
          Amtek Auto-$                          142.3                6.3              4.6   NMDC                                    158.0          (13.5)               (7.8)
          ITC                                   216.1                7.6              3.7   Sun Pharma                              545.1          (41.6)               (7.1)
          IRB Infra                             197.8                6.7              3.5   Jain Irrigation                         102.8           (6.8)               (6.2)
          Voltas                                129.1                3.8              3.0   Cairn India                             345.6          (22.2)               (6.0)
          Mahindra & Mahindra                   677.0              17.9               2.7   Zee Entert                              125.9           (7.8)               (5.8)
          Max India                             180.1                4.6              2.6   Educomp Sol                             194.4          (12.0)               (5.8)
          Bharat Forge                          329.4                6.8              2.1   Lanco Infra                               18.8          (1.2)               (5.8)
          CESC                                  307.7               5.6               1.8   Cadila Health                           712.0          (40.1)               (5.3)
          Bata India                            694.2              11.2               1.6   HDIL                                     99.3           (5.5)               (5.2)
          Apollo Tyres                             81.1              1.3              1.6   Oriental Bank                           279.0          (13.7)               (4.7)
          Ambuja Cements                        168.1                2.7              1.6   ONGC                                    273.3          (13.4)               (4.7)
          HPCL                                  297.8                4.1              1.4   Crompton Greav                          139.3           (6.7)               (4.6)
          Britannia Inds                        573.1                6.6              1.2   OIL INDIA                             1,211.9          (55.6)               (4.4)
          United Spirits                        578.7                6.1              1.1   Union Bank                              229.9          (10.3)               (4.3)
          Glaxosmithkl Phar                   2,140.2              22.5               1.1   Jindal Steel                            575.3          (25.4)               (4.2)

        Source: BSE
                                                                     Aditya Birla Money Limited
                       2nd   Floor, Sheil Estate, Dani Corporate Park, 158 CST Road, Kalina, Santacruz (East), Mumbai 400 098 | Tel: +91 22 42333400
                                                                                Page No: 5
                                Money Morning                                                                 Aditya Birla Money
                                            19 March 2012


                                                                                Research Team
                                      Vivek Mahajan                                                           Hemant Thukral
                                      Head of Research                                                        Head – Derivatives Desk
                                      022-42333522                                                            022-42333483
                                      vivek.mahajan@adityabirla.com                                           hemant.thukral@adityabirla.com



         Fundamental Team
         Avinash Nahata                   Head of Fundamental Desk                     022-42333459              avinash.nahata@adityabirla.com
         Akhil Jain                       Metals & Mining                              022-42333540              akhil.jain@adityabirla.com
         Sunny Agrawal                    FMCG/Cement                                  022-42333458              sunny.agrawal@adityabirla.com
         Sumit Jatia                      Banking & Finance                            022-42333460              sumit.jatia@adityabirla.com
         Shreyans Mehta                   Construction/Real Estate                     022-42333544              shreyans.m@adityabirla.com
         Dinesh Kumar                     Information Technology/Auto                  022-42333531              dinesh.kumar.k@adityabirla.com
         Pradeep Parkar                   Database/Production                          022-42333597              pradeep.parkar@adityabirla.com



         Quantitative Team
         Rizwan Khan                      Technical and Derivative Strategist          022-42333454              rizwan.khan@adityabirla.com
         Jyoti Nangrani                   Sr. Technical Analyst                        022-42333454              jyoti.nangrani@adityabirla.com
         Raghuram                         Technical Analyst                            022-42333537              raghuram.p@adityabirla.com
         Rahul Tendolkar                  Derivatives Analyst                          022-42333532              rahul.tendolkar@adityabirla.com
         Amit Somani                      Derivative Analyst                           022-42333532              amit.somani@adityabirla.com



         Advisory Support
         Indranil Dutta                   Advisory Desk – HNI                          022-42333494              indranil.dutta@adityabirla.com
         Suresh Gardas                    Advisory Desk                                022-42333535              suresh.gardas@adityabirla.com
         Sandeep Pandey                   Advisory Desk                                022-30442104              sandeep.pandey@adityabirla.com


        ABML research is also accessible in Bloomberg at ABMR




                                                                   Aditya Birla Money Limited
                       2nd   Floor, Sheil Estate, Dani Corporate Park, 158 CST Road, Kalina, Santacruz (East), Mumbai 400 098 | Tel: +91 22 42333400
                                                                                Page No: 6
                               Money Morning                                                                 Aditya Birla Money
                                           19 March 2012


        Disclaimer:

            This document is not for public distribution and is meant solely for the personal information of the authorised recipient.
            No part of the information must be altered, transmitted, copied, distributed or reproduced in any form to any other
            person. Persons into whose possession this document may come are required to observe these restrictions. This
            document is for general information purposes only and does not constitute an investment advice or an offer to sell or
            solicitation of an offer to buy / sell any security and is not intended for distribution in countries where distribution of
            such material is subject to any licensing, registration or other legal requirements.

            The information , opinion, views contained in this document are as per prevailing conditions and are of the date of
            appearing on this material only and are subject to change. No reliance may be placed for any purpose whatsoever on
            the information contained in this document or on its completeness. Neither Aditya Birla Money Limited (ABML) nor any
            person connected with it accepts any liability or loss arising from the use of this document. The views and opinions
            expressed herein by the author in the document are his own and do not reflect the views of Aditya Birla Money Limited
            or any of its associate or group companies. The information set out herein may be subject to updating, completion,
            revision, verification and amendment and such information may change materially. Past performance is no guarantee
            and does not indicate or guide to future performance.

            Nothing in this document is intended to constitute legal, tax or investment advice, or an opinion regarding the
            appropriateness of any investment, or a solicitation of any type. The contents in this document are intended for
            general information purposes only. This document or information mentioned therefore should not form the basis of
            and should not be relied upon in connection with making any investment. The investment may not be suited to all the
            categories of investors. The recipients should therefore obtain your own professional, legal, tax and financial advice
            and assessment of their risk profile and financial condition before considering any decision.

            Aditya Birla Money Limited, its associate and group companies, its directors, associates, employees from time to time
            may have various interests/ positions in any of the securities of the Company(ies) mentioned therein or be engaged in
            any other transactions involving such securities or otherwise in other securities of the companies / organisation
            mentioned in the document or may have other potential conflict of interest with respect of any recommendation and /
            related information and opinions.
         




                                                                  Aditya Birla Money Limited
                      2nd   Floor, Sheil Estate, Dani Corporate Park, 158 CST Road, Kalina, Santacruz (East), Mumbai 400 098 | Tel: +91 22 42333400
                                                                            Page No: 7

				
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