28 December 2016

RETAIL RESEARCH F&O Event Tracker

F&O Stocks Tracker of Forthcoming Corporate Action from December 29, 2016 to January 28, 2017
S. No. Scrip Ex Date BC/RD Date Event Benefit Face Value Futures Price
Stock Split / Bonus / Dividend From To Rs. Rs.
1 Engineers India 30/12/2016 02/01/2017 02/01/2017 Bonus 1:1 5 327.45
2 JSW Steel 04/01/2017 05/01/2017 05/01/2017 Stock Split 10:1 10 1586.05
2 Oil India 12/01/2017 13/01/2017 13/01/2017 Bonus 3:1 10 433.65

In case of stocks having a high dividend yield, it is observed that the futures start trading at a discount to the spot (by an amount less than the dividend expected)
immediately on the announcement of the dividend. The discount keeps fluctuating till the Ex-date, when the spot price attains parity with the futures price. After this
date, the futures start trading at the regular premium.

However, the small dividend (in terms of yield) announcements are seen to have no material impact on the discount/premium of stock futures to the spot price.

Bonus or stock split announcements are seen to have no major impact on the stock futures trading at a premium/discount to the spot (either before or after the Ex-
date).

Board meetings/ Announcement Dates for F&O stocks from December 29, 2016 to January 28, 2017
Board Meeting/
S. No. Scrip Announcement Date Board Meeting Purpose Impact
Nil

Stock Futures (December 2016) currently trading at a significant discount/premium

Stocks Trading at a significant discount/
S.No. Scrip Premium Reason
Nil

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Disclaimer: This document has been prepared by HDFC securities Limited and is meant for sole use by the recipient and not for circulation. This document is not to be reported or copied or made available
to others. It should not be considered to be taken as an offer to sell or a solicitation to buy any security. The information contained herein is from sources believed reliable. We do not represent that it is
accurate or complete and it should not be relied upon as such. We may have from time to time positions or options on, and buy and sell securities referred to herein. We may from time to time solicit from,
or perform investment banking, or other services for, any company mentioned in this document. This report is intended for non-Institutional Clients only.

This report has been prepared by the Retail Research team of HDFC Securities Ltd. The views, opinions, estimates, ratings, target price, entry prices and/or other parameters mentioned in this document
may or may not match or may be contrary with those of the other Research teams (Institutional, PCG) of HDFC Securities Ltd. "HDFC Securities Ltd. is a SEBI Registered Research Analyst having registration
no. INH000002475."

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