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RETAIL EQUITY RESEARCH
| JK Lakshmi Cement Ltd | Recommendation |
| CMP:Rs322 TP: Rs339 | HOLD |
RETAIL EQUITY RESEARCH
| Aarti Industries Ltd | Recommendation |
| CMP:Rs1,330 TP: Rs1,493 | ACCUMULATE |
RETAIL EQUITY RESEARCH
| Strides Shasun Ltd. | Recommendation |
| CMP:Rs415 TP: Rs480 | BUY |
| Capital First Ltd. | Recommendation |
| CMP:Rs554 TP: Rs653 | BUY |
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