#ChoiceBroking #MorningTea : The S&P 500 and the Dow closed slightly lower on Monday, as a drop in oil prices dragged down energy stocks, while tech names Apple and Alphabet helped lift the Nasdaq to its highest close in over a year.

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Global View
India Update
Today’s Event/ Stock in News
Two-wheelermanufacturer,HeroMotoCorpLtdhastodaypostedanoverallsalesgrowthof9.13percentinJulyat532,113unitsin July,2016.The
company sold 487, 580 units in the same period a year ago, the company said in a filing to the Bombay Stock Exchange. "With the above average
monsoon and implementation of the 7th pay commission recommendations, the company remains cautiously optimistic about a positive
turnaroundintheindustryinthesecondhalfoftheyear,"thecompanysaidinastatement.
Technical Outlook: On daily chart, stock has been trading in a higher top higher bottom formation since last many days and it seems that stock
could likely to continuous with itsongoing move. Moreover, stock has been trading above its 21 daymoving average which is placed at 3217 level
whichshowsthatneartermtrendisup.AmomentumindicatorRSIreadingisat54.59levelandabouttomakepositivecrossover,whichpointout
forpositivebreathinthestock.Sofortradingperspective,onecouldBuyinrangeof3200-3215 forTargetof3280 withSLof3168.
HEROMOTOCO
PEL
SEBI Registered – Research Analyst www.choiceindia.com * Please Refer Disclaimer on Website
Morning Tea
02nd Aug 2016
Buy in range of 1608-1618 for Target of 1650 with SL of 1591
Buy in range of 3200-3215 for Target of 3280 with SL of 3168
PiramalEnterprisesLtd(PEL)hasreportedthatit’sconsolidatednetprofitforthefirstquarterendedJune30,2016climbedby36percentatRs231
crore from the same period a year ago amid higher revenue, lower R&D expenses and higher share of income from associates, partly offset by
increase in interest expense and depreciation. In Q1 FY 2015-16, the company had posted a consolidated net profit of Rs 169 crore, Piramal
Enterprises Ltd saidina filing tothe Bombay StockExchange (BSE) on Monday.Total consolidated revenue rose by 27 per centatRs 1,776 crore in
Q1FY2016-17fromRs1,401 croreinthesameperiodayearago.R&Dexpensesona consolidatedbasisfellby37 percent toRs24 crore in Q1 FY
2016-17 fromtheyearagoperiodwhileconsolidatedinterestexpensesjumpedby132percenttoRs395crore.
Technical Outlook: On daily chart, stock has been trading in a strong uptrend movement after giving breakout of its flag pattern with above
average volume. Moreover, stock has been continuously trading with its strong support of 21 day moving average which is placed at 1551 level
which shows that short term trend is up and stock could further accelerates its upside movement. A momentum indicator RSI reading is at 65.24
level with positive crossover, which point out for positive breath in the stock. So for trading perspective, one could Buy in range of 1608-1618 for
Targetof1650 withSLof1591.
Asiansharesedgedlower inearlytradingonTuesday,takingtheir cuesfromamodestlylowerdayonWallStreetasUScrudeoilpricesslid.
TheReserveBankofAustralia'spolicyboardwilldecideonTuesdaywhetherratesshouldbeleftat1.75percentortrimmedaquarterpoint
to a new record low, with most analysts predicting the need to combat low inflation and a rising currency will win the argument for more
stimulus. Australian shares were 0.1 percent lower, Hong Kong was bracing for Typhoon Nida, shutting down most of the financial hub.
Japan'sNikkeistockindexslipped0.8percentinearlytrade,asthedollaredgedloweragainsttheyen.TheSGXNiftysuggestsaflatopening
forourmarketsasitistradingat8674.50,Downby13.50points.
The S&P 500 and the Dow closed slightly lower on Monday, as a drop in oil prices dragged down energy stocks, while tech names Apple and
Alphabet helped lift the Nasdaq to its highest close in over a year. The S&P 500 had hit a record high earlier in the session, but was unable to hold
gainsasUS crude CLc1 slumped to below USD40 abarrel,itslowest level since April,before settlingat USD 40.06. The S&P 500 gained3.6 percent
in July, its best month since March, touching record intraday highs seven times, as the US economy showed signs of picking up and corporate
earnings were not as bad as had been initially feared. Earnings are now expected to decline 3 percent for the second quarter, according to
Thomson Reuters data, an improvement from the 4.5 percent decline expected on July 1. The Dow Jones industrial average fell 27.73 points, or
0.15 percent, to 18,404.51, the S&P 500 lost 2.76 points, or 0.13 percent, to 2,170.84 and the Nasdaq Composite added 22.07 points, or 0.43
percent,to5,184.20.

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Morning Tea
02nd Aug 2016
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ACC Limited; Interim Dividend - Rs 11/- Per Share (Purpose Revised)
Tata Chemicals Limited; Annual General Meeting/Dividend Rs 10/- Per Share
Allsec Technologies Limited; Annual General Meeting
Ambuja Cements Limited; Interim Dividend - Rs 1.60/- Per Share (Purpose Revised)
AstraZeneca Pharma India Limited; Annual General Meeting
AVT Natural Products Limited; Annual General Meeting/ Dividend - Re 0.20/- Per Share
Dhunseri Investments Limited; Annual General Meeting/Dividend Rs 1.50 Per Share
Essar Shipping Limited; Annual General Meeting
Garware Wall Ropes Limited; Dividend-Rs 3.30/- Per Share
Graphite India Limited; Annual General Meeting
Honeywell Automation India Limited; Dividend - Rs 10/- Per Share
Hikal Limited; Annual General Meeting/ Dividend -Re 0.50 Per Share
Kesar Enterprises Limited; Annual General Meeting
Shreyans Industries Limited; Annual General Meeting/Dividend Rs 1.20 Per Share
Timken India Limited; Annual General Meeting/ Dividend - Re 1/- Per Share
VST Industries Limited; Annual General Meeting And Dividend Rs.70/- Per Share
UJJIVAN FINANCIAL SERVICES LIMITED; Dividend - Re 0.50/- Per Share
Asian Hotels (East) Limited; Annual General Meeting/ Dividend - Rs 2/- Per Share
Result Calendar:
ACRYSIL, ALICON, APPLECREDT, ASHISHPO, BITL, CENTURYPLY, CHAMANSEQ, CYBERTECH, DIGJAMLTD, EIHOTEL, ELCIDIN,
FGP, GANONTR, GMM, GSCLCEMENT, HARYNACAP, HEG, HITECHPLAS, INDIANB, JHS, JINDHOT, JK AGRI, JMFINANCIL,
KASHIRAM, LOYAL, MAHASTEEL, MODWOOL, MPAGI, PDUMJEIND, POLYMAC, REGALIAA, SAREGAMA, SAVERA, SHAILY,
SLSTLQ, SOWBHAGYA, SULABEN, SUMMITSEC, SURYAAMBA, TATAINVEST, TCIDEVELOP, TCIIND, TORNTPOWER, UFO,
UGARSUGAR, VETO, VOLTAS, WIMPLAST, WONDERLA, ZYDUSWELL.
Corporate Action / Result Calendar
Bulk Deal
Security in Ban
Sr. No. Deal Date Script Code Security Name Client Name Deal Type Quantity Price
1 1/8/2016 523236 SHRENUJ INDIA MAX INVESTMENT FUND LIMITED S 2973973 2.00
2 1/8/2016 523236 SHRENUJ BRIDGE INDIA FUND S 2000000 1.99
3 1/8/2016 523236 SHRENUJ JMP SECURITIES PVT LTD B 1622296 2.00
4 1/8/2016 523236 SHRENUJ J M GLOBAL EQUITIES PVT LTD S 1376134 1.99
5 1/8/2016 500303 ABIRLANUVO HSBC GLOBAL INVESTMENT FU NDS MAURITIUS S 820000 1415.75
6 1/8/2016 500303 ABIRLANUVO HSBC GLOBAL INVESTMENT FUNDS INDIAN EQ B 820000 1415.75
7 1/8/2016 533605 PRAKASHCON PRAKASH PUSARAM LADDHA S 791582 7.12
8 1/8/2016 531934 SUPREMETEX BHAVNA GUPTA S 675000 7.83
9 1/8/2016 523236 SHRENUJ JMP SECURITIES PVT LTD S 587935 2.14
10 1/8/2016 531467 ARNAVCORP AJIT KANTAK B 500000 2.42
JINDALSTEL

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Research Team
Mr. Sumeet Bagadia Associate Director
Kunal Parmar Sr. Research Associate
Amit Pathania Research Associate
Vikas Chaudhari Research Associate
Kapil Shah Research Associate
Rajnath Yadav Research Associate
Satish Kumar Research Associate
Morning Tea
02nd Aug 2016
SEBI Registered – Research Analyst www.choiceindia.com * Please Refer Disclaimer on Website
Kunal Parmar
Digitally signed by Kunal Parmar
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Pvt Ltd., ou=Research Dept,
email=kunal.parmar@choiceindia.com, c=IN
Date: 2016.08.02 08:35:23 +05'30'