The document provides recommendations for buying two stocks - Reliance Capital and Tata Coffee. For Reliance Capital, it recommends buying in the range of Rs. 510-500 with a stop loss of Rs. 470 and targets of Rs. 570/higher. For Tata Coffee, it recommends buying in the range of Rs. 990-1010 with a stop loss of Rs. 965 and targets of Rs. 1110/higher. It also provides updates on previous stock recommendations, general trading strategies and guidelines, and portfolio allocation across different research products.
The document provides recommendations for buying two stocks - Reliance Capital and Tata Coffee. For Reliance Capital, it recommends buying in the range of Rs. 510-500 with a stop loss of Rs. 470 and targets of Rs. 570/higher. For Tata Coffee, it recommends buying in the range of Rs. 990-1010 with a stop loss of Rs. 965 and targets of Rs. 1110/higher. It also provides updates on previous stock recommendations, general trading strategies and guidelines, and portfolio allocation across different research products.
The document provides recommendations for buying two stocks - Reliance Capital and Tata Coffee. For Reliance Capital, it recommends buying in the range of Rs. 510-500 with a stop loss of Rs. 470 and targets of Rs. 570/higher. For Tata Coffee, it recommends buying in the range of Rs. 990-1010 with a stop loss of Rs. 965 and targets of Rs. 1110/higher. It also provides updates on previous stock recommendations, general trading strategies and guidelines, and portfolio allocation across different research products.
The document provides recommendations for buying two stocks - Reliance Capital and Tata Coffee. For Reliance Capital, it recommends buying in the range of Rs. 510-500 with a stop loss of Rs. 470 and targets of Rs. 570/higher. For Tata Coffee, it recommends buying in the range of Rs. 990-1010 with a stop loss of Rs. 965 and targets of Rs. 1110/higher. It also provides updates on previous stock recommendations, general trading strategies and guidelines, and portfolio allocation across different research products.
Please execute the recommendation within the prescribed range provided in the report Once the recommendation is executed, it is advisable to keep strict stop loss as provided in the report on closing basis We adapt a trading strategy of booking 50% profit when the position is in profit by 5-7% and trail stoploss on remaining position to the entry point In recommendations where it is advised to buy on declines, if the target price is hit before activation of the call in prescribed range then the recommendation is considered not initiated. The recommendations are valid only for the month and are to be squared off by the end of the month. In case we intend to carry forward the position, it will be communicated through separate mail.
Trading Portfolio allocation
It is recommended to spread out the trading corpus in a proportionate manner between the various research products. Recommended Producttechnical wise Trading Portfolio allocation Please avoid allocating the entire trading corpus to a single stock or a single product segment. Within each product segment it is advisable to allocate equal amount to each recommendation. For example: The Daily Calls product carries 3 to 4 intraday recommendations. It is advisable to allocate equal amount to each recommendation Products
Allocations Product wise Max allocation allocation in 1 stock
Return Objective Number of Calls
Frontline Stocks
Mid-cap stocks
Duration
Daily Calls
8%
2-3%
3-4 Stocks
0.50-1%
2-3%
Intraday
Short term Delivery
6%
3-5%
7-10 p.m
4-5%
7-10%
Opportunity based
Weekly Calls
8%
3-5%
1-2 Stocks
5-7%
7-10%
1 Week
Weekly Technical
8%
3-5%
1-2 Stocks
5-7%
7-10%
1 Week
Monthly Call
15%
5%
2-3 Stocks
7-10%
10-15%
1 Month
Monthly Technical
15%
2-4%
5-8 Stocks
7-10%
10-15%
1 Month
Techno Funda
15%
5-10%
1-2 Stocks
10% and above
15% and above
6 Months
Technical Breakout
15%
5-10%
1-2 Stocks
10% and above
15% and above
3-6 Months
Cash in Hand
10%
100%
ICICI Securities Ltd. | Retail Equity Research
Pankaj Pandey
Head Research
pankaj.pandey@icicisecurities.com
ICICIdirect.com Research Desk,
ICICI Securities Limited, 1st Floor, Akruti Trade Centre, Road No 7, MIDC Andheri (East) Mumbai 400 093 research@icicidirect.com
ICICI Securities Ltd. | Retail Equity Research
Page 16
Disclaimer ANALYST CERTIFICATION We /I, Dharmesh Shah, Dipesh Daga, Nitin Kunte Research Analysts, authors and the names subscribed to this report, hereby certify that all of the views expressed in this research report accurately reflect our views about the subject issuer(s) or securities. We also certify that no part of our compensation was, is, or will be directly or indirectly related to the specific recommendation(s) or view(s) in this report.
Terms & conditions and other disclosures:
ICICI Securities Limited (ICICI Securities) is a full-service, integrated investment banking and is, inter alia, engaged in the business of stock brokering and distribution of financial products. ICICI Securities is a wholly-owned subsidiary of ICICI Bank which is Indias largest private sector bank and has its various subsidiaries engaged in businesses of housing finance, asset management, life insurance, general insurance, venture capital fund management, etc. (associates), the details in respect of which are available on www.icicibank.com. ICICI Securities is one of the leading merchant bankers/ underwriters of securities and participate in virtually all securities trading markets in India. We and our associates might have investment banking and other business relationship with a significant percentage of companies covered by our Investment Research Department. ICICI Securities generally prohibits its analysts, persons reporting to analysts and their relatives from maintaining a financial interest in the securities or derivatives of any companies that the analysts cover. The information and opinions in this report have been prepared by ICICI Securities and are subject to change without any notice. The report and information contained herein is strictly confidential and meant solely for the selected recipient and may not be altered in any way, transmitted to, copied or distributed, in part or in whole, to any other person or to the media or reproduced in any form, without prior written consent of ICICI Securities. While we would endeavour to update the information herein on a reasonable basis, ICICI Securities is under no obligation to update or keep the information current. Also, there may be regulatory, compliance or other reasons that may prevent ICICI Securities from doing so. Non-rated securities indicate that rating on a particular security has been suspended temporarily and such suspension is in compliance with applicable regulations and/or ICICI Securities policies, in circumstances where ICICI Securities might be acting in an advisory capacity to this company, or in certain other circumstances. This report is based on information obtained from public sources and sources believed to be reliable, but no independent verification has been made nor is its accuracy or completeness guaranteed. This report and information herein is solely for informational purpose and shall not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments. Though disseminated to all the customers simultaneously, not all customers may receive this report at the same time. ICICI Securities will not treat recipients as customers by virtue of their receiving this report. Nothing in this report constitutes investment, legal, accounting and tax advice or a representation that any investment or strategy is suitable or appropriate to your specific circumstances. The securities discussed and opinions expressed in this report may not be suitable for all investors, who must make their own investment decisions, based on their own investment objectives, financial positions and needs of specific recipient. This may not be taken in substitution for the exercise of independent judgment by any recipient. The recipient should independently evaluate the investment risks. The value and return on investment may vary because of changes in interest rates, foreign exchange rates or any other reason. ICICI Securities accepts no liabilities whatsoever for any loss or damage of any kind arising out of the use of this report. Past performance is not necessarily a guide to future performance. Investors are advised to see Risk Disclosure Document to understand the risks associated before investing in the securities markets. Actual results may differ materially from those set forth in projections. Forward-looking statements are not predictions and may be subject to change without notice. ICICI Securities or its associates might have managed or co-managed public offering of securities for the subject company or might have been mandated by the subject company for any other assignment in the past twelve months.
ICICI Securities Ltd. | Retail Equity Research
Page 17
ICICI Securities or its associates might have received any compensation from the companies mentioned in the report during the period preceding twelve months from the date of this report for services in respect of managing or co-managing public offerings, corporate finance, investment banking or merchant banking, brokerage services or other advisory service in a merger or specific transaction. ICICI Securities or its associates might have received any compensation for products or services other than investment banking or merchant banking or brokerage services from the companies mentioned in the report in the past twelve months. ICICI Securities encourages independence in research report preparation and strives to minimize conflict in preparation of research report. ICICI Securities or its analysts did not receive any compensation or other benefits from the companies mentioned in the report or third party in connection with preparation of the research report. Accordingly, neither ICICI Securities nor Research Analysts have any material conflict of interest at the time of publication of this report. It is confirmed that Dharmesh Shah, Dipesh Daga, Nitin Kunte Research Analysts of this report have not received any compensation from the companies mentioned in the report in the preceding twelve months. Compensation of our Research Analysts is not based on any specific merchant banking, investment banking or brokerage service transactions. ICICI Securities or its subsidiaries collectively or Research Analysts do not own 1% or more of the equity securities of the Company mentioned in the report as of the last day of the month preceding the publication of the research report. Since associates of ICICI Securities are engaged in various financial service businesses, they might have financial interests or beneficial ownership in various companies including the subject company/companies mentioned in this report.
