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Morning tea 05 08-2016
1. SEBI Certified – Research Analyst www.choiceindia.com
Global View
India Update
Today’s Event/ Stock in News
Fortis Healthcare today reported a consolidated net profit of Rs 25.26 crore for the first quarter ended June 30, 2016. Consolidated total
income from operations of the company stood at Rs 1,121.16 crore during the quarter under review as against Rs 1,034.27 crore for the
year ago period. Commenting on the results, Fortis Healthcare CEO Bhavdeep Singh said: "In the coming quarters, we will drive further
substantive gains as we further accelerate our efforts across all focus areas." The company's diagnostic business revenues were also up 7
percenttoRs192crore,thecompanysaid.
Technical Outlook: On daily chart, stock has given breakout of its horizontal trend line with above average volume, which shows that
further upside movement can be seen from the present level. Moreover, stock has been trading with positive crossover of 21*50 Day
Moving Average which shows that positive bias has taken place in stock. A momentum indicator RSI reading is at 67.66 level with positive
crossover, which point out for positive breath in the stock. For trading perspective, one could Buy inrange of 185.50-187 for Target of 191
withSLof183.60
FORTIS
TRITURBINE
SEBI Registered – Research Analyst www.choiceindia.com * Please Refer Disclaimer on Website
Morning Tea
05th Aug 2016
Buy in range of 115.50-117 for Target of 119.50 with SL of 114.20
Buy in range of 185.50-187 for Target of 191 with SL of 183.60
TriveniTurbine Ltdtodayreporteda32.21 per centjumpinitsconsolidatednetprofitatRs 26.84 crorein thefirstquarter ended June 30,
2016. The company had posted Rs 20.30 cr in net profit in the April-June quarter last fiscal, the company said in a regulatory filing. The
turbinemanufacturerreportednettotalincomefromoperationsatRs162 croreinthequarterunderreviewasagainstRs124croreayear
ago,registeringanincreaseof30percent,accordingtoastatementissuedbythecompany.
Technical Outlook: On daily chart, stock has been trading in ahigher top higher bottom formation since last many days and it seems that
stockcouldlikely tocontinuewithitsongoingmove.Moreover,stockhasbeentrading above its50 daymovingaverageandrecentlystock
hastakensupportofit,whichshowsthatmediumtermtrendisup.AmomentumindicatorRSIreadingnearthesupportof40markswhich
point out for positive breath in the stock. So for trading perspective, one could Buy in range of 115.50-117 for Target of 119.50 with SL of
114.20
Asian shares joined arise in global stock prices on Friday after the Bank of England(BoE) launched a potent post-Brexit stimulus campaign,
but some cautionbefore abig US jobsreportlimitedgains.Anovernightrallyin crudeoilpricesalsosharpenedriskappetites,while sterling
nursed deep losses after sliding on news of the BoE stimulus plan. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3
percent,headed for a0.9 percent weekly gain. MSCI's world stocks indexrose 0.3 percent. Australian shares gained 0.5 percent and South
Korea's Kospi added 0.4 percent. Japan's Nikkei advanced 0.6 percent. The SGX Nifty suggests a gap up opening for our markets as it is
tradingat8653,Upby49points.
Wall Street stocks ended little changed on Thursday as investors kept to the sidelines ahead of Friday's US payrolls report for July. The monthly
hiring data will help investors gauge the health of the economy and possibly offer insight as to when the Federal Reserve will raise interest rates
again. Wednesday's ADP employment report showed private employers added 9,000 more jobs than anticipated in July. Thursday's initial jobless
claims reading showed the number of Americans filing for unemployment benefits unexpectedly rose last week, but still showed a healthy labour
market.Tradershavepricedina12percentchanceofaratehikeinSeptemberanda38.5percentchanceinDecember,accordingtoCME Group's
FedWatchtool.TheDowJonesindustrialaveragefell2.95points,or0.02percent,to18,352.05,theS&P500gained0.46points,or0.02percent,to
2,164.25 andtheNasdaqCompositeadded6.51points,or0.13percent,to5,166.25.
3. SEBI Certified – Research Analyst www.choiceindia.com
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Mr. Sumeet Bagadia Associate Director
Kunal Parmar Sr. Research Associate
Amit Pathania Research Associate
Vikas Chaudhari Research Associate
Kapil Shah Research Associate
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Satish Kumar Research Associate
Morning Tea
05th Aug 2016
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Date: 2016.08.05 08:28:22 +05'30'