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Page 1: The Insider Report   December 2015 - Teaser

capitalmind.active investing

Ready to take notes?THE INSIDER REPORT10/3/2016

Page 2: The Insider Report   December 2015 - Teaser

CAPITALMIND • © ALL RIGHTS RESERVED • capitalmind.in • December’15 The Insider Report 2

Capital Mind December’15 The Insider Report

MethodologyTime Period

For this report we examined December, 2015 (Q3-2016) Shareholding Pattern and the trends in the year prior, with the historic benchmark as Q4-2014. (Note: Quarterending Q4-2014 is Jan’14, Q1-2015 is Jun’15 and so on).

Criteria

All analysis includes Indian listed companies on the National Stock Exchange. In detail analysis has been performed for listed companies with a market capitalization ofover 10,000 crore in December, 2015 covering the sectors such as: Consumer Discretionary, Consumer Staples, Energy, Financials, Health Care, Industrials, Info Tech,Materials, Telecom and Utilities. Additionally for companies wherein a Stock Split and/or Bonus has been announced, we have adjusted the shares accordingly.

Data Sources

Capital Mind uses a broad range of sources to present the most complete picture possible. In addition to extensive primary source research sourced specifically for thisreport, Capital Mind uses publicly-available data from National Stock Exchange (www.nseindia.com), Bombay Stock Exchange (www.bseindia.com), Securities andExchange Board of India (www.sebi.com), and other publicly available data. Please send any questions, comments, or corrections to [email protected] or drop ina message on any of the slack groups [#general, #stocks].

Introduction

This report analyses Shareholding Pattern for the period ending December, 2015 for Indian listed companies. This report provides more information on Promoter, Public,Foreign Portfolio Investors and Mutual Funds shareholding, with special details of Big Institutional and Individual Investors.

We hope that this report forms part of your future conversations and helps you with any upcoming investment decisions.

Page 3: The Insider Report   December 2015 - Teaser

CAPITALMIND • © ALL RIGHTS RESERVED • capitalmind.in • December’15 The Insider Report 3

Capital Mind December’15 The Insider Report

Table of Contents

Disclaimer

This information has been prepared by Capital Mind solely forinformational purposes. It is not, and should not be regarded as,investment advice, as a recommendation regarding any particularsecurity, or as a course of action. Opinions expressed herein are currentopinions as of the date appearing in this material only and are subject tochange without notice.

No part of this document may be reproduced in any manner, in whole orin part, without the prior written permission of Capital Mind. Thisinformation is provided with the understanding that, with respect to thematerial provided herein, you will make your own independent decisionwith respect to any course of action based on your own judgment, andthat you are capable of understanding and assessing the merits of acourse of action.

Neither the information, nor any opinion contained herein, constitute asolicitation or offer by Capital Mind to buy or sell any securities,futures, options, or other financial instruments or provide any investmentadvice or service. Capital Mind does not purport to, and does not,in any fashion, provide broker/dealer, consulting, or any related services.

Overview 4

How to read this report? 12

Detailed Analysis

• Consumer Discretionary 18

• Consumer Staples 46

• Energy 59

• Financials 71

• Health Care 103

• Industrials 125

• Info Tech 148

• Materials 158

• Telecom 171

• Utilities 177

• Newly listed 189

Page 4: The Insider Report   December 2015 - Teaser

CAPITALMIND • © ALL RIGHTS RESERVED • capitalmind.in • December’15 The Insider Report • Overview 4

OVERVIEW

Page 5: The Insider Report   December 2015 - Teaser

CAPITALMIND • © ALL RIGHTS RESERVED • capitalmind.in • December’15 The Insider Report • Overview 5

Market Value of Promoter and FII holding over the past 8 quarters (including Dec’15) (Ref: Insider/Dec'15/01)

Consumer Discretionary 303 53.8% 0.14% 6.5% -4.17%

Consumer Staples 89 46.6% -0.82% 9.4% -1.95%

Energy 33 64.6% 2.70% 7.8% -2.18%

Financials 183 46.4% 0.48% 15.1% -3.10%

Health Care 74 55.0% 2.03% 8.7% -5.26%

Industrials 341 44.5% 0.66% 10.6% -1.18%

Info Tech 88 46.1% -2.55% 7.6% 0.61%

Materials 103 61.4% -0.31% 5.0% -2.67%

Telecom 21 53.9% 0.23% 9.9% 1.07%

Utilities 34 65.8% 0.73% 11.9% 0.42%

Grand Total 1269 52.4% 0.35% 8.6% -3.32%

Sector Companies Promoter FIIMarket Value (Cr.)

Promoter FII

• Of the 1269 companies, we have performed a shareholding analysis for 164 companies

• Market Value erosion for FII has been in 7/10 sectors with the most in Health Care at 5.26% while for Promoter’s it has been in 3/10 sectors with the most in Info Tech at 2.55%

• We also saw erosion of Market Capitalization for Bank of India, Federal Bank, IDFC Bank and Jubilant Foodworks. Their capitalization as of December, 2015 fell below 10,000

crore and hence they were excluded. Additionally Sundaram Finance has failed to disclose its shareholding for the quarter ending December (as of 10-Mar) and hence the stock

has been excluded from this report.

• New entrants include Alkem Laboratories and Inter Globe Aviation.

Page 6: The Insider Report   December 2015 - Teaser

CAPITALMIND • © ALL RIGHTS RESERVED • capitalmind.in • December’15 The Insider Report • Overview

Promoter Pledged - Companies with significant Promoter Pledge

6

(Ref: Insider/Dec'15/02)

Company Sector Share PriceCompany

Market Cap (Cr.)Pledge Shares Share Price

Suzlon Energy Industrials95.3% -0.1%

21.1% -0.3%

20.85 10,403.18

Pipavav Defence and Offshore Engineering Company Industrials100.0% 0.0%

37.5% -4.8%

89.00 6,552.24

RattanIndia Power Utilities97.2% 1.8%

57.5% 0.0%

10.75 3,174.40

JMT AutoConsumer

Discretionary100.0% 100.0%

71.7% 0.0%

87.75 2,210.56

KSK Energy Ventures Utilities95.8% -1.1%

68.2% -0.2%

51.15 2,168.69

Bajaj Hindusthan Sugar Consumer Staples100.0% 0.0%

28.2% -7.9%

17.80 1,860.06

Ballarpur Industries Materials99.6% 34.9%

49.4% 0.0%

21.10 1,383.16

Gammon Infrastructure Projects Industrials95.9% 0.0%

58.4% 0.0%

6.70 630.99

IL&FS Investment Managers Financials100.0% 0.0%

50.4% 0.0%

19.00 596.66

IVRCL Industrials100.0% 0.0%

7.7% -0.6%

9.30 508.56

(Note: Pledged Shares % is Pledged Shares out of Promoter Holding. Promoter Shares % is Promoter Shares out of Total Shares)

Pledge Shares % Promoter Shares %

Page 7: The Insider Report   December 2015 - Teaser

CAPITALMIND • © ALL RIGHTS RESERVED • capitalmind.in • December’15 The Insider Report • Overview

Promoter Pledged - Companies with significant increase in Promoter Pledge

7

(Ref: Insider/Dec'15/03)

Company Sector Share PriceCompany

Market Cap (Cr.)Pledge Shares Share Price

Jaiprakash Associates Limited Industrials20.3% 19.8%

39.4% 0.0%

11.90 2,894.62

JMT Auto LimitedConsumer

Discretionary100.0% 100.0%

71.7% 0.0%

87.75 2,210.56

Delta Corp Limited Financials25.8% 15.2%

40.9% -0.2%

80.25 1,851.08

Dynamatic Technologies Limited Industrials31.2% 14.7%

51.1% 0.0%

2,417.05 1,532.76

Ballarpur Industries Limited Materials99.6% 34.9%

49.4% 0.0%

21.10 1,383.16

Bannari Amman Sugars Limited Consumer Staples82.7% 82.7%

54.7% 0.0%

1,029.65 1,177.89

MEP Infrastructure Developers Industrials18.5% 18.5%

67.4% 0.1%

45.45 738.88

Walchandnagar Industries Limited Industrials19.1% 19.1%

55.0% 0.0%

178.95 681.27

Shriram EPC Limited Industrials29.6% 23.5%

99.3% 39.3%

34.25 570.39

Castex TechnologiesConsumer

Discretionary48.4% 46.9%

46.9% -5.4%

13.55 512.36

(Note: Pledged Shares % is Pledged Shares out of Promoter Holding. Promoter Shares % is Promoter Shares out of Total Shares)

Pledge Shares % Promoter Shares %

Page 8: The Insider Report   December 2015 - Teaser

CAPITALMIND • © ALL RIGHTS RESERVED • capitalmind.in • December’15 The Insider Report • Overview 8

FII Entry - Companies where FII Holding has increased significantly

(Ref: Insider/Dec'15/04)

Company Sector Share PriceCompany

Market Cap (Cr.)FII Shares % Share Price

Mahindra & Mahindra LimitedConsumer

Discretionary37.0% 7.0%

1,272.35 79,024.69

Pidilite Industries Limited Industrials13.4% 7.7%

552.45 28,322.75

Tata Motors DVRConsumer

Discretionary54.0% 9.0%

289.35 14,712.77

GMR Infrastructure Limited Utilities19.1% 10.6%

16.40 9,898.95

SKS Microfinance Limited Financials52.3% 13.7%

499.05 6,342.62

CEAT Limited Materials27.2% 7.8%

1,051.40 4,252.92

Hathway Cable & Datacom LimitedConsumer

Discretionary23.8% 12.3%

44.50 3,695.70

Prime Focus LimitedConsumer

Discretionary10.4% 10.0%

55.85 1,669.24

Vesuvius India Limited Industrials10.4% 8.5%

799.35 1,622.37

Esab India Limited Industrials10.1% 8.8%

646.00 994.39

FII Shares %

Page 9: The Insider Report   December 2015 - Teaser

CAPITALMIND • © ALL RIGHTS RESERVED • capitalmind.in • December’15 The Insider Report • Overview 9

FII Exit - Companies where FII Holding has decreased significantly

(Ref: Insider/Dec'15/05)

Company Sector Share PriceCompany

Market Cap (Cr.)FII Shares % Share Price

Indiabulls Housing Finance Financials18.0%

-26.6% 736.70 30,983.81

Shriram Transport Finance Company Financials16.8%

-24.0% 858.70 19,482.42

Max Financial Services Materials0.0%

-25.7% 507.90 13,559.57

MindTree Info Tech10.5%

-26.8% 1,433.75 12,027.58

Jubilant FoodworksConsumer

Discretionary9.5%

-32.0% 1,483.85 9,757.52

IIFL Holdings Financials1.0%

-36.8% 212.95 6,717.01

Gateway Distriparks Industrials6.5%

-24.8% 323.25 3,514.63

Manappuram Finance Financials0.0%

-27.7% 29.45 2,477.36

Zee LearnConsumer

Discretionary0.0%

-23.2% 39.40 1,262.47

Voltamp Transformers Industrials2.4%

-26.5% 925.60 936.44

FII Shares %

Page 10: The Insider Report   December 2015 - Teaser

CAPITALMIND • © ALL RIGHTS RESERVED • capitalmind.in • December’15 The Insider Report • Overview 10

Promoter Entry - Companies where Promoter Holding has increased significantly

(Ref: Insider/Dec'15/06)

Company Sector Share PriceCompany

Market Cap (Cr.)Promoter Shares % Share Price

Grasim IndustriesConsumer

Discretionary30.7% 5.2%

3,754.85 34,495.31

Ashok LeylandConsumer

Discretionary50.4% 11.6%

87.90 25,015.26

IDBI Bank Financials80.2% 3.7%

88.85 16,881.97

Century Textiles & Industries Materials50.2% 5.0%

596.70 6,664.88

Indian Overseas Bank Financials81.2% 7.4%

31.05 5,343.60

Igarashi Motors IndiaConsumer

Discretionary85.8% 32.6%

616.25 1,886.25

Vaibhav Global Info Tech68.4% 12.1%

498.75 1,621.34

Jindal Stainless Industrials56.8% 7.2%

28.75 664.66

Orient Abrasives Industrials63.1% 24.7%

53.75 643.06

Shriram EPC Industrials99.3% 39.3%

34.25 570.39

Promoter Shares %

Page 11: The Insider Report   December 2015 - Teaser

CAPITALMIND • © ALL RIGHTS RESERVED • capitalmind.in • December’15 The Insider Report • Overview 11

Promoter Exit - Companies where Promoter Holding has decreased significantly

(Ref: Insider/Dec'15/07)

Company Sector Share PriceCompany

Market Cap (Cr.)Promoter Shares % Share Price

Pipavav Defence and Offshore Engineering Company Industrials37.5% -4.8%

89.00 6,552.24

Gateway Distriparks Industrials25.2% -7.7%

323.25 3,514.63

KPIT Technologies Industrials17.3% -5.1%

168.95 3,336.32

J.Kumar Infraprojects Industrials43.5% -7.6%

372.20 2,816.27

JBF Industries Materials43.1%

-10.8% 236.20 1,933.81

Bajaj Hindusthan Sugar Consumer Staples28.2% -7.9%

17.80 1,860.06

Man Infraconstruction Industrials59.7% -6.8%

47.00 1,163.25

Tree House Education & AccessoriesConsumer

Discretionary20.5% -9.4%

175.70 743.40

Castex TechnologiesConsumer

Discretionary46.9% -5.4%

13.55 512.36

Gammon India Industrials16.6%

-18.4% 17.70 508.97

Promoter Shares %

Page 12: The Insider Report   December 2015 - Teaser

CAPITALMIND • © ALL RIGHTS RESERVED • capitalmind.in • December’15 The Insider Report 12

HOW TO READ THIS REPORT?

Page 13: The Insider Report   December 2015 - Teaser

CAPITALMIND • © ALL RIGHTS RESERVED • capitalmind.in • December’15 The Insider Report • Consumer Discretionary

1.4%, 8.6

1.3%, 7.9

1.3%, 7.8

2.0%, 12.4

2.2%, 13.8

2.7%, 16.5

2.6%, 16.1

3.4%, 21.3

0

5

10

15

20

25

Q3-2014 Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016

(Num

ber o

f Sha

res i

n M

n.)

Mutual Fund

25.2%, 155.4

25.3%, 155.7

25.3%, 155.5

25.8%, 160.1

25.7%, 159.9 25.6%,

159.325.6%,159.0

25.6%,158.8

153

154

155

156

157

158

159

160

161

Q3-2014 Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016

(Num

ber o

f Sha

res i

n M

n.)

Promoter

36.7%, 226.0

36.5%, 224.9 34.2%,

210.932.0%,198.8

34.6%, 215.1

37.7%, 234.1

38.8%, 241.1

41.0%,254.9

0

50

100

150

200

250

300

Q3-2014 Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016

(Num

ber o

f Sha

res i

n M

n.)

Public

36.7%, 225.9

36.9%, 227.4

39.2%, 241.6

40.2%, 249.7 37.4%,

232.3 34.0%, 211.2

33.0%, 204.9 30.0%,

186.1

0

50

100

150

200

250

300

Q3-2014 Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016

(Num

ber o

f Sha

res i

n M

n.)

Foreign Portfolio Investors

Holdings of 4 different categories of Investors:

Promoter, Mutual Funds, FIIs and General Public

over the past 8 quarters

HOW TO READ THIS REPORT?

Page 14: The Insider Report   December 2015 - Teaser

CAPITALMIND • © ALL RIGHTS RESERVED • capitalmind.in • December’15 The Insider Report • Consumer Discretionary

2.1% 2.1% 2.0% 2.0% 2.0% 1.6% 1.4% 1.4%23.2% 23.2% 23.3% 23.8% 23.8% 24.1% 24.2% 24.2%

0%

50%

100%

Q3-2014 Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016

Promoter Shareholding

Pledged Unpledged

944.2 980.71147.2

1360.81234.5 1187.8

1282.4 1263.8

0

200

400

600

800

1000

1200

1400

1600

Q3-2014 Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016

(SHa

re P

rice

in R

s.)

Price

2.1% 2.1% 2.0% 2.0% 2.0% 1.6% 1.4% 1.4%23.2% 23.2% 23.3% 23.8% 23.8% 24.1% 24.2% 24.2%

0%

50%

100%

Q3-2014 Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016

Promoter Shareholding

Pledged Unpledged

944.2 980.71147.2

1360.81234.5 1187.8

1282.4 1263.8

0

200

400

600

800

1000

1200

1400

1600

Q3-2014 Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016

(SHa

re P

rice

in R

s.)

Price

Particulars Shareholding Pledged Shares Market Value (Cr)Promoter Ownership 25.6% 1.4% 20,065.13Change QoQ 0.0% 0.0% -320.15

Promoter Shareholding in the form of Pledge & Unpledged share i.e. shares given as guarantee against loans along with the market value of their latest holding.

Movement of share prices over the previous 8 quarters

HOW TO READ THIS REPORT?

Page 15: The Insider Report   December 2015 - Teaser

CAPITALMIND • © ALL RIGHTS RESERVED • capitalmind.in • December’15 The Insider Report • Consumer Discretionary

Big Investors holding more than 1%

Insightful information as to the investors holding more than 1%

HOW TO READ THIS REPORT?

Page 16: The Insider Report   December 2015 - Teaser

CAPITALMIND • © ALL RIGHTS RESERVED • capitalmind.in • December’15 The Insider Report • Consumer Discretionary

(Note: Stock Split From Rs.2/- to Rs.1/- during Q4-2015.Data has been adjusted for Stock Split and Bonus)

BULLISH • EuroPacific Growth Fund stake # by 0.57%

BEARISH • Aranda Investments stake $ by 0.82%

Outlier information – Big Investors who have entered (bullish) and exited (bearish) the stock during the current quarter

HOW TO READ THIS REPORT?

Page 17: The Insider Report   December 2015 - Teaser

CAPITALMIND • © ALL RIGHTS RESERVED • capitalmind.in • December’15 The Insider Report • Overview 17

DETAILED ANALYSIS

Page 18: The Insider Report   December 2015 - Teaser

CAPITALMIND • © ALL RIGHTS RESERVED • capitalmind.in • December’15 The Insider Report • Consumer Discretionary

Consumer Discretionary

18

• Amara Raja Batteries 19

• Ashok Leyland 20

• Asian Paints 21

• Bajaj Auto 22

• Berger Paints 23

• Bosch 24

• Dish TV India 25

• Eicher Motors 26

• Exide Industries 27

• Grasim Industries 28

• Hero MotoCorp 29

• Kansai Nerolac Paints 30

• Mahindra & Mahindra 31

• Maruti Suzuki India 32

• Motherson Sumi Systems 33

• MRF 34

• Page Industries 35

• Rajesh Exports 36

• Sun TV Network 37

• Tata Motors 38

• Tata Motors DVR 39

• Titan Company 40

• TVS Motor Company 41

• United Breweries 42

• United Spirits 43

• WABCO India 44

• Zee Entertainment Enterprises 45

Page 19: The Insider Report   December 2015 - Teaser

CAPITALMIND • © ALL RIGHTS RESERVED • capitalmind.in • December’15 The Insider Report • Consumer Discretionary

AMAR

A RA

JA B

ATTE

RIES

Big Investors holding more than 1%

19

11.6%, 19.7

9.5%, 16.3 8.8%,

15.08.7%, 14.8

8.9%, 15.2

9.1%, 15.6

8.7%, 14.9

8.8%, 15.1

0

5

10

15

20

25

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

(Num

ber o

f Sha

res i

n M

n.)

Mutual Fund52.1%,

88.952.1%,

88.952.1%,

88.952.1%,

88.952.1%,

88.952.1%,

88.952.1%,

88.952.1%,

88.9

0102030405060708090

100

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

(Num

ber o

f Sha

res i

n M

n.)

Promoter

21.4%, 36.5

21.5%, 36.8

21.1%, 36.0

21.4%,36.6

24.5%, 41.8

25.2%, 43.0

25.5%, 43.6

31.6%,53.9

0

10

20

30

40

50

60

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

(Num

ber o

f Sha

res i

n M

n.)

Public

1.6% 0.7% 0.7% 0.7% 0.7% 0.7% 0.7% 0.7%

50.5% 51.4% 51.4% 51.4% 51.4% 51.4% 51.4% 51.4%

0%

50%

100%

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

Promoter Shareholding

Pledged Unpledged

394.4470.8

598.5

821.4 833.1 883.4

1029.7

861.8

0

200

400

600

800

1000

1200

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

(SHa

re P

rice

in R

s.)

Price

15.0%, 25.7

16.9%, 28.8

18.1%, 30.9

17.8%, 30.5

14.5%, 24.8 13.6%,

23.313.7%,

23.4

7.5%, 12.9

0

5

10

15

20

25

30

35

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

(Num

ber o

f Sha

res i

n M

n.)

Foreign Portfolio Investors

Particulars Shareholding Pledged Shares Market Value (Cr)Promoter Ownership 52.1% 0.7% 7,663.77Change QoQ 0.0% 0.0% -1,492.65

Investors Shares in Mn. % of Holding QoQ YoY

Franklin Templeton Mutual Fund 4.01 2.4% -0.05% 0.86%

HDFC Mutual Fund 0.00 0.0% -1.06% -1.52%

ICICI Prudential Mutual Fund 3.00 1.8% 0.00% 0.00%

Smallcap World Fund 2.17 1.3% 0.00% 0.00%

BEARISH • HDFC Mutual Fund stake $ by 1.06%

Page 20: The Insider Report   December 2015 - Teaser

CAPITALMIND • © ALL RIGHTS RESERVED • capitalmind.in • December’15 The Insider Report • Consumer Discretionary

ASHO

K LE

YLAN

D

20

1.6%, 43.7 1.4%,

37.8

3.0%, 86.3

3.8%, 106.8 3.5%,

100.7

3.9%, 111.7

3.7%, 106.6

3.1%, 89.5

0

20

40

60

80

100

120

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

(Num

ber o

f Sha

res i

n M

n.)

Mutual Fund

41.5%, 1104.6

41.5%, 1104.6

38.8%, 1104.6

38.8%, 1104.6

38.8%, 1104.6

38.8%, 1104.6

38.8%,1104.6

50.4%,1433.8

0

200

400

600

800

1000

1200

1400

1600

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

(Num

ber o

f Sha

res i

n M

n.)

Promoter

44.1%, 1173.8

40.1%, 1066.4 36.7%,

1044.4

37.8%,1076.9 37.3%,

1060.337.1%, 1054.5

36.8%, 1048.5

42.1%,1198.4

950

1000

1050

1100

1150

1200

1250

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

(Num

ber o

f Sha

res i

n M

n.)

Public

17.8% 17.8% 16.7% 16.7%4.9% 4.9% 4.9% 4.9%

23.7% 23.7% 22.2% 22.2% 33.9% 33.9% 33.9%45.5%

0%

50%

100%

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

Promoter Shareholding

Pledged Unpledged

23.7

36.541.2

51.4

73.3 72.6

92.3 87.9

0

10

20

30

40

50

60

70

80

90

100

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

(SHa

re P

rice

in R

s.)

Price

12.7%, 338.5

17.0%, 451.8

21.5%, 610.5 19.6%,

557.6

20.4%, 580.2

20.2%, 575.0

20.6%, 586.1

4.4%, 124.2

0

100

200

300

400

500

600

700

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

(Num

ber o

f Sha

res i

n M

n.)

Foreign Portfolio Investors

Particulars Shareholding Pledged Shares Market Value (Cr)Promoter Ownership 50.4% 4.9% 12,603.52Change QoQ 11.6% 0.0% 2,413.15

(No Big Investor holding) (No Outlier Information)

Page 21: The Insider Report   December 2015 - Teaser

CAPITALMIND • © ALL RIGHTS RESERVED • capitalmind.in • December’15 The Insider Report • Consumer Discretionary

ASIA

N P

AIN

TS

Big Investors holding more than 1%

21

1.0%, 9.5

1.0%, 9.3

1.3%, 12.1

1.8%, 16.9 1.5%,

14.6

1.9%, 18.2

1.9%, 17.9

1.9%, 18.1

0

2

4

6

8

10

12

14

16

18

20

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

(Num

ber o

f Sha

res i

n M

n.)

Mutual Fund

52.8%, 506.4

52.8%, 506.4

52.8%, 506.4

52.8%, 506.4

52.8%, 506.4

52.8%, 506.4

52.8%,506.4

52.8%,506.4

506.30506.31506.32506.33506.34506.35506.36506.37506.38506.39

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

(Num

ber o

f Sha

res i

n M

n.)

Promoter

28.3%, 271.0

28.0%, 268.4

27.8%, 266.8

28.2%,270.5

27.6%, 264.7

28.3%, 271.7

28.0%, 268.3

45.3%,434.7

0

50

100

150

200

250

300

350

400

450

500

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

(Num

ber o

f Sha

res i

n M

n.)

Public

9.8% 10.6% 8.2% 7.3% 6.9% 7.1% 7.1% 7.0%

43.0% 42.2% 44.6% 45.5% 45.9% 45.7% 45.7% 45.8%

0%

50%

100%

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

Promoter Shareholding

Pledged Unpledged

548.0594.0 629.6

752.3811.3

755.4841.6 883.6

0

100

200

300

400

500

600

700

800

900

1000

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

(SHa

re P

rice

in R

s.)

Price

18.0%, 172.3

18.3%, 175.1

18.1%, 174.0

17.3%, 165.5

18.1%, 173.5 17.0%,

163.017.4%, 166.7

0.0%, 0.0

020406080

100120140160180200

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

(Num

ber o

f Sha

res i

n M

n.)

Foreign Portfolio Investors

Particulars Shareholding Pledged Shares Market Value (Cr)Promoter Ownership 52.8% 7.0% 44,741.60Change QoQ 0.0% -0.1% 2,124.28

Investors Shares in Mn. % of Holding QoQ YoY

Life Insurance Corporation of India 51.48 5.4% 0.00% -0.16%

Ojasvi Trading 46.99 4.9% 0.00% 0.00%

(No Outlier Information)

Page 22: The Insider Report   December 2015 - Teaser

CAPITALMIND • © ALL RIGHTS RESERVED • capitalmind.in • December’15 The Insider Report • Consumer Discretionary

BAJA

J AU

TO

Big Investors holding more than 1%

22

0.6%, 1.7

0.7%, 2.1

0.9%, 2.5

0.8%, 2.4

1.1%, 3.1

1.1%, 3.2

1.1%, 3.1

1.2%, 3.5

0

0.5

1

1.5

2

2.5

3

3.5

4

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

(Num

ber o

f Sha

res i

n M

n.)

Mutual Fund50.0%, 144.7

50.0%, 144.7

50.0%, 144.7

50.0%, 144.7

49.2%, 142.5

49.2%, 142.5

49.3%,142.6

49.3%,142.6

141.0

141.5

142.0

142.5

143.0

143.5

144.0

144.5

145.0

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

(Num

ber o

f Sha

res i

n M

n.)

Promoter

30.7%, 88.9

30.7%, 88.8

31.4%, 90.9 30.8%,

89.2

34.7%, 100.4

34.7%, 100.4

35.4%, 102.4

31.4%,90.9

80

85

90

95

100

105

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

(Num

ber o

f Sha

res i

n M

n.)

Public

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

50.0% 50.0% 50.0% 50.0% 49.2% 49.2% 49.3% 49.3%

0%

50%

100%

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

Promoter Shareholding

Pledged Unpledged

2083.6

2316.2 2351.62432.5

2016.6

2542.0

2312.1

2532.0

1800

2000

2200

2400

2600

2800

3000

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

(SHa

re P

rice

in R

s.)

Price

18.7%, 54.0

18.6%, 53.8 17.7%,

51.2

18.3%, 53.0

15.0%, 43.4

14.9%, 43.2

14.3%, 41.2

18.1%, 52.4

0

10

20

30

40

50

60

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

(Num

ber o

f Sha

res i

n M

n.)

Foreign Portfolio Investors

Particulars Shareholding Pledged Shares Market Value (Cr)Promoter Ownership 49.3% 0.0% 36,112.16Change QoQ 0.0% 0.0% 3,137.76

Investors Shares in Mn. % of Holding QoQ YoY

Government Pension Fund Global 4.29 1.5% -0.05% 0.28%

Jaya Hind Investments 10.24 3.5% 0.00% 0.00%

Life Insurance Corporation of India 15.21 5.3% 0.41% 0.44%

Maharashtra Scooters 6.77 2.3% 0.00% 0.00%

Niraj Bajaj (As a Trustee of Yamuna Trust) 3.66 1.3% 0.01% 1.27%

(No Outlier Information)

Page 23: The Insider Report   December 2015 - Teaser

CAPITALMIND • © ALL RIGHTS RESERVED • capitalmind.in • December’15 The Insider Report • Consumer Discretionary

BERG

ER P

AIN

TS

Big Investors holding more than 1%

23

0.6%, 4.5

0.7%, 4.5

0.5%, 3.3 0.4%,

3.0

0.5%, 3.4

0.7%, 4.8

0.8%, 5.3

0.8%, 5.6

0

1

2

3

4

5

6

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

(Num

ber o

f Sha

res i

n M

n.)

Mutual Fund

75.0%, 519.4

75.0%, 519.5

75.0%, 519.7

75.0%, 519.7

75.0%, 519.7

75.0%, 519.8

75.0%,519.8

75.0%,519.8

519.2

519.3

519.4

519.5

519.6

519.7

519.8

519.9

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

(Num

ber o

f Sha

res i

n M

n.)

Promoter

12.7%, 87.8

12.5%, 86.5

12.5%, 86.9

13.1%,91.2

14.7%, 102.0

15.1%, 104.9

15.2%, 105.1

21.9%,152.1

0

20

40

60

80

100

120

140

160

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

(Num

ber o

f Sha

res i

n M

n.)

Public

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

75.0% 75.0% 75.0% 75.0% 75.0% 75.0% 75.0% 75.0%

0%

50%

100%

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

Promoter Shareholding

Pledged Unpledged

114.9

145.1

189.5201.4 208.7

195.4

219.7

268.9

100

120

140

160

180

200

220

240

260

280

300

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

(SHa

re P

rice

in R

s.)

Price

11.7%, 81.2

11.9%, 82.5

12.0%, 83.3

11.5%, 79.4 9.8%,

68.2 9.2%, 63.8

9.1%, 63.2

2.3%, 16.0

0

10

20

30

40

50

60

70

80

90

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

(Num

ber o

f Sha

res i

n M

n.)

Foreign Portfolio Investors

Particulars Shareholding Pledged Shares Market Value (Cr)Promoter Ownership 75.0% 0.0% 13,975.54Change QoQ 0.0% 0.0% 2,557.55

Investors Shares in Mn. % of Holding QoQ YoY

Nalanda Capital 36.25 5.2% 0.00% 0.00%

The New India Assurance Company 0.00 0.0% -1.02% -1.02%

BEARISH • The New India Assurance Company stake $ by 1.02%

Page 24: The Insider Report   December 2015 - Teaser

CAPITALMIND • © ALL RIGHTS RESERVED • capitalmind.in • December’15 The Insider Report • Consumer Discretionary

BOSC

H

(Note: Stock Split From Rs.2/- to Rs.1/- during Q4-2015.Data has been adjusted for Stock Split and Bonus)

Big Investors holding more than 1%

24

2.7%, 0.9

2.6%, 0.8

3.1%, 1.0

3.1%, 1.0

1.9%, 0.6

2.1%, 0.6

2.3%, 0.7

2.5%, 0.8

0.0

0.2

0.4

0.6

0.8

1.0

1.2

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

(Num

ber o

f Sha

res i

n M

n.)

Mutual Fund71.2%,

22.371.2%,

22.371.2%,

22.371.2%,

22.371.2%,

22.371.2%,

22.371.2%,

22.371.2%,

22.3

0

5

10

15

20

25

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

(Num

ber o

f Sha

res i

n M

n.)

Promoter

18.9%, 5.9

18.8%, 5.9 18.6%,

5.8

18.9%,5.9

17.6%, 5.5

17.9%, 5.6

18.1%, 5.7

18.6%,5.8

5.3

5.4

5.5

5.6

5.7

5.8

5.9

6.0

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

(Num

ber o

f Sha

res i

n M

n.)

Public

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

71.2% 71.2% 71.2% 71.2% 71.2% 71.2% 71.2% 71.2%

0%

50%

100%

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

Promoter Shareholding

Pledged Unpledged

10892.4

13557.115014.8

19459.6

25421.4

21852.3

19386.8 18648.0

10000

12000

14000

16000

18000

20000

22000

24000

26000

28000

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

(SHa

re P

rice

in R

s.)

Price

7.2%, 2.3

7.4%, 2.3

7.1%, 2.2

6.8%, 2.2

9.3%, 2.9

8.8%, 2.8

8.4%, 2.6 7.7%,

2.4

0.0

0.5

1.0

1.5

2.0

2.5

3.0

3.5

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

(Num

ber o

f Sha

res i

n M

n.)

Foreign Portfolio Investors

Particulars Shareholding Pledged Shares Market Value (Cr)Promoter Ownership 71.2% 0.0% 41,677.09Change QoQ 0.0% 0.0% -1,651.29

Investors Shares in Mn. % of Holding QoQ YoY

Aberdeen Asset Management 0.55 1.8% -0.17% -1.23%

General Insurance Corporation of India 0.98 3.1% 0.00% -0.03%

The New India Assurance Company 0.88 2.8% -0.01% -0.03%

(No Outlier Information)

Page 25: The Insider Report   December 2015 - Teaser

CAPITALMIND • © ALL RIGHTS RESERVED • capitalmind.in • December’15 The Insider Report • Consumer Discretionary

DISH

TV

INDI

A

(Note: Stock Split From Rs.2/- to Rs.1/- during Q4-2015.Data has been adjusted for Stock Split and Bonus)

Big Investors holding more than 1%

25

4.9%, 52.0

2.3%, 24.3

2.8%, 30.2

3.1%, 33.3

3.4%, 36.2

3.7%, 39.2

3.8%, 40.6

5.8%, 61.3

0

10

20

30

40

50

60

70

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

(Num

ber o

f Sha

res i

n M

n.)

Mutual Fund

64.5%, 686.9

64.5%, 686.9

64.5%, 686.9

64.5%, 686.9

64.5%, 686.9

64.5%, 686.9

64.4%,686.9

64.4%,686.9

0

100

200

300

400

500

600

700

800

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

(Num

ber o

f Sha

res i

n M

n.)

Promoter

19.1%, 203.2

22.1%, 235.5 20.8%,

221.6 19.2%,204.9

19.3%, 205.9

13.2%, 141.1 12.0%,

127.7

21.1%,224.6

0

50

100

150

200

250

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

(Num

ber o

f Sha

res i

n M

n.)

Public

43.3% 43.4%30.9% 30.8% 28.9% 19.5% 27.0% 31.4%

21.2% 21.1% 33.6% 33.7% 35.6% 45.0% 37.4% 33.0%

0%

50%

100%

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

Promoter Shareholding

Pledged Unpledged

52.1

59.753.9

67.5

82.0

106.4 106.4101.6

50

60

70

80

90

100

110

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

(SHa

re P

rice

in R

s.)

Price

11.5%, 122.9

11.1%, 118.3

11.9%, 126.3

13.1%, 140.0

12.8%, 136.6

18.6%, 198.5

19.8%, 210.7

8.7%, 93.1

0

50

100

150

200

250

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

(Num

ber o

f Sha

res i

n M

n.)

Foreign Portfolio Investors

Particulars Shareholding Pledged Shares Market Value (Cr)Promoter Ownership 64.4% 31.4% 6,975.25Change QoQ 0.0% 4.4% -329.70

Investors Shares in Mn. % of Holding QoQ YoY

Azim Hasham Premji 10.68 1.0% 0.00% 1.00%

Baron Emerging Markets Fund 12.58 1.2% -0.14% -0.47%

Credit Suisse Securities (India) 0.00 0.0% -3.58% 0.00%

BEARISH • Credit Suisse Securities (India) stake $ by 3.58%

Page 26: The Insider Report   December 2015 - Teaser

CAPITALMIND • © ALL RIGHTS RESERVED • capitalmind.in • December’15 The Insider Report • Consumer Discretionary

EICH

ER M

OTO

RS

(Note: Stock Split From Rs.2/- to Rs.1/- during Q4-2015.Data has been adjusted for Stock Split and Bonus)

Big Investors holding more than 1%

26

4.7%, 1.3 4.3%,

1.2 3.8%, 1.0

4.0%, 1.1

4.7%, 1.3

3.8%, 1.0

4.2%, 1.1

4.7%, 1.3

0

0.2

0.4

0.6

0.8

1

1.2

1.4

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

(Num

ber o

f Sha

res i

n M

n.)

Mutual Fund55.1%,

14.955.0%,

14.955.0%,

14.955.0%,

14.955.0%,

14.954.9%,

14.954.9%,

14.954.9%,

14.9

0

2

4

6

8

10

12

14

16

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

(Num

ber o

f Sha

res i

n M

n.)

Promoter

20.6%, 5.6

20.8%, 5.6

21.2%, 5.7

21.5%,5.8 18.3%,

4.913.8%,

3.813.9%,

3.813.8%,

3.8

0

1

2

3

4

5

6

7

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

(Num

ber o

f Sha

res i

n M

n.)

Public

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

55.1% 55.0% 55.0% 55.0% 55.0% 54.9% 54.9% 54.9%

0%

50%

100%

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

Promoter Shareholding

Pledged Unpledged

5961.5

7994.6

11972.0

15075.015908.2

19586.717791.6

16855.6

5000

7000

9000

11000

13000

15000

17000

19000

21000

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

(SHa

re P

rice

in R

s.)

Price

19.6%, 5.3

19.9%, 5.4

20.1%, 5.4

19.5%, 5.3

22.1%, 6.0

27.5%, 7.5

27.0%, 7.3

26.6%, 7.2

0

1

2

3

4

5

6

7

8

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

(Num

ber o

f Sha

res i

n M

n.)

Foreign Portfolio Investors

Particulars Shareholding Pledged Shares Market Value (Cr)Promoter Ownership 54.9% 0.0% 25,119.88Change QoQ 0.0% 0.0% -1,395.00

Investors Shares in Mn. % of Holding QoQ YoY

Abu Dhabi Investment Authority 0.00 0.0% -1.15% 0.00%

Cartica Capital 0.11 0.4% -3.16% -2.41%

TIAA-CREF Institutional Mutual Funds 0.00 0.0% -1.11% -1.98%

Tree Line Asia Master Fund (Singapore) 0.29 1.1% -0.05% -0.06%

BEARISH• Abu Dhabi Investment Authority stake $ by 1.15%• Cartica Capital stake $ by 3.16%• TIAA-CREF Institutional Mutual Funds stake $ by 1.11%

Page 27: The Insider Report   December 2015 - Teaser

CAPITALMIND • © ALL RIGHTS RESERVED • capitalmind.in • December’15 The Insider Report • Consumer Discretionary

EXID

E IN

DUST

RIES

Big Investors holding more than 1%

27

4.1%, 35.3

6.9%, 58.6

7.1%, 60.3

6.8%, 57.7

6.7%, 57.2

6.6%, 56.0

7.8%, 66.2

9.1%, 77.6

0

10

20

30

40

50

60

70

80

90

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

(Num

ber o

f Sha

res i

n M

n.)

Mutual Fund

46.0%, 391.0

46.0%, 391.0

46.0%, 391.0

46.0%, 391.0

46.0%, 391.0

46.0%, 391.0

46.0%,391.0

46.0%,391.0

0

50

100

150

200

250

300

350

400

450

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

(Num

ber o

f Sha

res i

n M

n.)

Promoter

32.6%, 277.1

32.2%, 273.6 29.9%,

254.030.3%,257.7

29.7%, 252.8

30.5%, 259.3

30.6%, 260.4

41.7%,354.5

0

50

100

150

200

250

300

350

400

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

(Num

ber o

f Sha

res i

n M

n.)

Public

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

46.0% 46.0% 46.0% 46.0% 46.0% 46.0% 46.0% 46.0%

0%

50%

100%

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

Promoter Shareholding

Pledged Unpledged

121.2

145.0

169.6177.8 177.8

148.3155.7

146.5

100

110

120

130

140

150

160

170

180

190

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

(SHa

re P

rice

in R

s.)

Price

17.3%, 146.6 14.9%,

126.9

17.0%, 144.7

16.9%, 143.7

17.5%, 149.0

16.9%, 143.7 15.6%,

132.5

3.2%, 26.9

0

20

40

60

80

100

120

140

160

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

(Num

ber o

f Sha

res i

n M

n.)

Foreign Portfolio Investors

Particulars Shareholding Pledged Shares Market Value (Cr)Promoter Ownership 46.0% 0.0% 5,725.53Change QoQ 0.0% 0.0% -359.68

Investors Shares in Mn. % of Holding QoQ YoY

Amansa Capital 13.90 1.6% -0.15% 1.64%

Government Pension Fund Global 17.34 2.0% 0.00% 0.12%

Hathway Investments 36.75 4.3% 0.00% 0.00%

HDFC Standard Life Insurance 11.92 1.4% -0.02% -0.44%

ICICI Prudential Mutual Fund 9.49 1.1% 0.06% 0.06%

Life Insurance Corporation of India 44.51 5.2% 0.24% -0.52%

Macquarie Bank 0.00 0.0% -1.05% 0.00%

Nalanda Capital 15.81 1.9% 0.00% 0.00%

The New India Assurance Company 19.31 2.3% 0.06% 0.19%

BEARISH • Macquarie Bank stake $ by 1.05%

Page 28: The Insider Report   December 2015 - Teaser

CAPITALMIND • © ALL RIGHTS RESERVED • capitalmind.in • December’15 The Insider Report • Consumer Discretionary

GRAS

IM IN

DUST

RIES

(Note: Stock Split From Rs.2/- to Rs.1/- during Q4-2015.Data has been adjusted for Stock Split and Bonus)

Big Investors holding more than 1%

28

5.8%, 5.3

6.0%, 5.5

6.6%, 6.0

6.9%, 6.3

7.6%, 7.0

7.8%, 7.2

7.9%, 7.3

8.4%, 7.7

0

1

2

3

4

5

6

7

8

9

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

(Num

ber o

f Sha

res i

n M

n.)

Mutual Fund

25.5%, 23.4

25.5%, 23.4

25.5%, 23.4

25.5%, 23.4

25.5%, 23.4

25.5%, 23.4

25.5%,23.4

30.7%,28.2

0

5

10

15

20

25

30

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

(Num

ber o

f Sha

res i

n M

n.)

Promoter

45.9%, 42.1

45.7%, 42.0

45.1%, 41.5

44.8%,41.1

44.0%, 40.4

43.9%, 40.3

43.8%, 40.2 38.1%,

35.0

0

5

10

15

20

25

30

35

40

45

50

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

(Num

ber o

f Sha

res i

n M

n.)

Public

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.2%

25.5% 25.5% 25.5% 25.5% 25.5% 25.5% 25.5% 30.5%

0%

50%

100%

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

Promoter Shareholding

Pledged Unpledged

2888.1

3430.53548.4

3385.1

3622.4

3442.53517.9

3754.9

2500

2700

2900

3100

3300

3500

3700

3900

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

(SHa

re P

rice

in R

s.)

Price

22.8%, 21.0

22.8%, 20.9

22.8%, 20.9

22.8%, 21.0 22.8%,

21.0 22.8%, 20.9

22.8%, 20.9

22.8%, 20.9

20.86

20.88

20.9

20.92

20.94

20.96

20.98

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

(Num

ber o

f Sha

res i

n M

n.)

Foreign Portfolio Investors

Particulars Shareholding Pledged Shares Market Value (Cr)Promoter Ownership 30.7% 0.2% 10,600.61Change QoQ 5.2% 0.2% 2,358.47

Investors Shares in Mn. % of Holding QoQ YoY

Aberdeen Asset Management 4.81 5.2% 3.40% 4.04%

Citibank New York NYADR Department 8.22 9.0% 8.95% 8.95%

Euro Pacific Growth Fund 1.73 1.9% 0.20% 0.20%

Fidelity Series Emerging Markets Fund 1.13 1.2% 0.00% 1.23%

HDFC Mutual Fund 0.00 0.0% -1.12% 0.00%

ICICI Prudential Life Insurance 3.59 3.9% 0.18% 0.38%

Life Insurance Corporation of India 6.74 7.3% -0.29% -0.63%

BULLISH • Aberdeen Asset Management stake # by 3.40%• Citibank NY ADR Department stake # by 8.95%

BEARISH • HDFC Mutual Fund stake $ by 1.12%

Page 29: The Insider Report   December 2015 - Teaser

CAPITALMIND • © ALL RIGHTS RESERVED • capitalmind.in • December’15 The Insider Report • Consumer Discretionary

HERO

MO

TOCO

RP

Big Investors holding more than 1%

29

2.7%, 5.3 2.4%,

4.8

3.6%, 7.1 3.2%,

6.5

3.4%, 6.8

4.5%, 9.0 4.0%,

8.0

4.7%, 9.3

0

1

2

3

4

5

6

7

8

9

10

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

(Num

ber o

f Sha

res i

n M

n.)

Mutual Fund

39.9%, 79.7

39.9%, 79.7

39.9%, 79.7

39.9%, 79.7

34.6%, 69.2

34.6%, 69.2

34.6%,69.2

34.6%,69.2

6264666870727476788082

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

(Num

ber o

f Sha

res i

n M

n.)

Promoter

26.6%, 53.2 23.4%,

46.722.2%,

44.317.5%,

35.0

21.2%, 42.3

22.4%, 44.8

23.1%, 46.2 21.6%,

43.2

0

10

20

30

40

50

60

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

(Num

ber o

f Sha

res i

n M

n.)

Public

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

39.9% 39.9% 39.9% 39.9% 34.6% 34.6% 34.6% 34.6%

0%

50%

100%

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

Promoter Shareholding

Pledged Unpledged

2274.8

2634.7

2839.6

3106.7

2639.82523.5

2394.5

2694.1

2000

2200

2400

2600

2800

3000

3200

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

(SHa

re P

rice

in R

s.)

Price

30.8%, 61.5

34.3%, 68.5

34.3%, 68.6

39.3%, 78.6

40.8%, 81.4 38.5%,

76.838.2%,

76.339.1%,

78.1

0

10

20

30

40

50

60

70

80

90

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

(Num

ber o

f Sha

res i

n M

n.)

Foreign Portfolio Investors

Particulars Shareholding Pledged Shares Market Value (Cr)Promoter Ownership 34.6% 0.0% 18,634.03Change QoQ 0.0% 0.0% 2,072.22

Investors Shares in Mn. % of Holding QoQ YoY Aberdeen Asset Management 6.12 3.1% 2.04% 1.96% BC Asia Growth Investments 0.00 0.0% -1.49% -1.49% Government Pension Fund Global 2.20 1.1% 0.00% -0.29% Lathe Investment PTE 5.55 2.8% 0.00% 0.00% Lazard Asset Management 3.38 1.7% -0.18% 1.69% Life Insurance Corporation of India 10.85 5.4% -1.16% 3.30% Oppenheimer Capital 5.41 2.7% 0.26% 2.71% Templeton Growth Fund Inc. 2.09 1.1% 0.00% 1.05% Unit Trust of India 2.14 1.1% 1.07% 1.07%

BULLISH • Aberdeen Asset Management stake # by 2.04%• Unit Trust of India stake # by 1.07%

BEARISH • BC Asia Growth Investments stake $ by 1.49%• Life Insurance Corporation of India stake $ by 1.16%

Page 30: The Insider Report   December 2015 - Teaser

CAPITALMIND • © ALL RIGHTS RESERVED • capitalmind.in • December’15 The Insider Report • Consumer Discretionary

KAN

SAI N

ERO

LAC

PAIN

TS

(Note: Stock Split From Rs.2/- to Rs.1/- during Q4-2015.Data has been adjusted for Stock Split and Bonus)

Big Investors holding more than 1%

30

1.4%, 7.5

1.6%, 8.4

1.5%, 8.3

2.1%, 11.5

2.7%, 14.5

3.0%, 16.3

3.3%, 18.0

3.6%, 19.3

0

5

10

15

20

25

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

(Num

ber o

f Sha

res i

n M

n.)

Mutual Fund69.3%, 373.3

69.3%, 373.3

69.3%, 373.3

69.3%, 373.3

69.3%, 373.3

69.3%, 373.3

69.3%,373.3

69.3%,373.3

0

50

100

150

200

250

300

350

400

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

(Num

ber o

f Sha

res i

n M

n.)

Promoter

17.5%, 94.4

17.3%, 93.2

17.5%, 94.2

17.7%,95.5

18.4%, 98.9

19.8%, 106.7

19.9%, 107.3

27.2%,146.3

0

20

40

60

80

100

120

140

160

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

(Num

ber o

f Sha

res i

n M

n.)

Public

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

69.3% 69.3% 69.3% 69.3% 69.3% 69.3% 69.3% 69.3%

0%

50%

100%

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

Promoter Shareholding

Pledged Unpledged

118.4

144.5

188.5198.6

216.1 214.6

241.2

271.0

100

120

140

160

180

200

220

240

260

280

300

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

(SHa

re P

rice

in R

s.)

Price

11.8%, 63.7

11.9%, 64.0

11.7%, 63.1 10.9%,

58.6 9.7%, 52.2 7.9%,

42.67.5%, 40.3

0.0%, 0.0

0

10

20

30

40

50

60

70

Q4-2014 Q1-2015 Q2-2015 Q3-2015 Q4-2015 Q1-2016 Q2-2016 Q3-2016

(Num

ber o

f Sha

res i

n M

n.)

Foreign Portfolio Investors

Particulars Shareholding Pledged Shares Market Value (Cr)Promoter Ownership 69.3% 0.0% 10,116.36Change QoQ 0.0% 0.0% 1,112.43

Investors Shares in Mn. % of Holding QoQ YoY

Aberdeen Asset Management 21.40 4.0% -0.80% -3.13% ICICI Prudential Life Insurance 22.30 4.1% -0.24% -0.67% New India Investment Company 2.54 0.5% 0.47% 0.47% The New India Assurance Company 6.47 1.2% 0.00% 0.00% The Oriental Insurance Company 5.45 1.0% -0.10% -0.17%

(No Outlier Information)

Page 31: The Insider Report   December 2015 - Teaser

CAPITALMIND • © ALL RIGHTS RESERVED • capitalmind.in • December’15 The Insider Report • Newly Listed

ALKE

M L

ABO

RATO

RIES

Big Investors holding more than 1%

190

Investors Shares in Mn. % of Holding QoQ YoY

Alok Kumar 1.41 1.2% 1.18% 1.18%

Anju Singh 1.77 1.5% 1.48% 1.48%

Ashok Kumar 1.40 1.2% 1.17% 1.17%

Deepak Kumar Singh 2.73 2.3% 2.29% 2.29%

Kishor Kumar Singh 2.73 2.3% 2.28% 2.28%

Krishna Singh 1.58 1.3% 1.32% 1.32%

Prabhat Narain Singh 3.73 3.1% 3.12% 3.12%

Rajeev Ranjan 3.04 2.5% 2.54% 2.54%

Rajesh Kumar 3.31 2.8% 2.76% 2.76%

Tushar Kumar 2.23 1.9% 1.86% 1.86%

66.6%, 79.68

2.9%, 3.41 0.0%,

0.01

30.5%, 36.46

0

10

20

30

40

50

60

70

80

90

Q3-2016

Mill

ions

Promoter MF FII Public

Shareholding Pattern

INTE

RGLO

BE A

VIAT

ION

Big Investors holding more than 1%

Shareholding Pattern

86.1%, 310.44

1.1%, 3.91

6.0%, 21.66

6.8%, 24.35

0

50

100

150

200

250

300

350

400

Q3-2016

Mill

ions

Promoter MF FII Public

Investors Shares in Mn. % of Holding QoQ YoY

Riyaz Haider Peer Mohamed 5.11 1.4% 0.00% 1.42%

Page 32: The Insider Report   December 2015 - Teaser

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