Choice Morning-Tea (BPCL,ADANIPORT)

1. SEBI Certified – Research Analyst www.choiceindia.com
Global View
India Update
Today’s Event/ Stock in News
BPCL, a state-run oil refiner, said Monday after fiscal second quarter net profit doubled on lower expenses and finance costs. The refiner posted a
profitrosetoRs10.18billioninthethreemonthsended Sep30comparedtoRs4.64billioninthecorrespondingperiodlastyear.Netsalesfell25%
to Rs 464.22 billion while other income doubled to Rs 6.86 billion inthe second quarter. Total expenses fell 26% to Rs 455.58 billionin the quarter.
Financecostsofthecompanyfell16.8%toRs1.07billionintheJul-Sepquarter.TheGRMinSep30roseto$6.20perbarrelcomparedto$2.36per
barrel a year earlier. The retailer's discount on crude oil stood at Rs 2.62 billion in Apr-Sep compared to Rs 73.61 billion in the previous year
purchased from ONGC, GAIL and NRL which has been adjusted against purchase cost. The retailer absorbed under-recovery is nil during Apr-Sep
period compared to Rs 5.03 billion in the corresponding period a year earlier on sale of sensitive petroleum products. Other expenses in Sep 30
include Rs 2.84 billion towards loss on account of foreign currency transactions and translations. Meanwhile, the company has formed a joint
ventureforHaridwarcitygasdistributionproject.
Technical Outlook : On daily chart, the stock has been trading in rising channel formation and recently it has taken support of its lower band of
risingchannelandgave goodbounce back.Moreover, stockhasbeen tradingabove 100 DEMAondailychartwhichindicates thatlong term trend
is up. A momentum indictor RSI reading is at 57 level with positive crossover which point out for positive breath in the stock. So for trading
perspective,onecouldBuyintherangeof897-903 fortheTargetof922withtheSLof888.
BPCL
ADANIPORT
SEBI Registered – Research Analyst www.choiceindia.com * Please Refer Disclaimer on Website
Morning Tea
10th Nov 2015
Buy in the range of 274-276 for the Target of 282 with the SL of 271
Buy in the range of 897-903 for the Target of 922 with the SL of 888
Adani Ports today said it has entered into a pact with Larsen & Toubro for acquiring the Kattupalli Port in Tamil Nadu. This is yet
another step by the company to build a network of ports across the Indian coastline and expand its footprint across the South
East Coast. The move comes on the heels of Adani Ports and Special Economic Zone (APSEZ) signing an MoU with Kerala to
develop and operate Rs 4,089 crore Vizhinjam International Deepwater Multipurpose Seaport Project on .
Technical Outlook :On daily chart, stockhas witnessed healthycorrection fromitsall-time highwhichis placed at 374.80, however this fall in price
haltedat 272 level which is 78.20% Fibonacci retracement level of its previous bull run from 244 to 374.80, which indicates thatdownside is about
to end and fresh buying can be seen. A momentum indicator RSI reading is in over sold zone at 25.33 level, which point out for bounce back in
prices.Sofortradingperspective,onecouldBuyintherangeof274-276 fortheTarget282ofwiththeSLof271.
The S&P 500 index suffered its worst loss in six weeks on Monday as Wall Street braced for an interest-rate hike and fretted about weak Chinese
trade data. Nine of the 10 major S&P sectors ended lower, led by consumer discretionary and energy stocks. The Dow Jones industrial average
slipped back into negative territory for the year, with only two of its 30 components higher on the day. US companies face the prospect of higher
borrowingcostsiftheFederalReserveraisesinterestratesnextmonth,asiswidelyexpectedafterFriday'sstrongjobsreport.Investorsalsofocused
on renewed fears of a slowdown in China, a key market for many companies, ahead of the crucial holiday shopping season. The Dow Jones
industrial average ended down 1.0 percent at 17,730.48 points and the S&P 500 lost 0.98 percent, to 2,078.58. The Nasdaq Composite dropped
1.01percentto5,095.30.
Asian shares nursed a lower open on Tuesday, following a global sell-off in offshore markets. Major US averages posted their
biggest decline in six weeks overnight, down 1 percent each, as investors pondered a possible U.S. interest-rate hike in December
and stubbornly weak trade data from China. According to the CME Group, the probability of a December lift-off rose from about
58 percent to about 70 percent, after the October nonfarm payrolls report — released Friday — showed the US economy added
271,000 jobs. Shanghai Composite index traded at -0.29 to 3636.42, Hang Seng index traded at -1.11 % to 22476.83, Japan's
benchmark Nikkei 225 index traded at -0.60% to 19525.87, South Korea's Kospi index traded down by -1.28 % to 2000.12 levels.
The SGX Nifty suggests a gap down opening for our markets as it is trading at 7873.50, down by 56 points.

2. SEBI Certified – Research Analyst www.choiceindia.com
Bulk Deal
Corporate Action / Result Calendar
SEBI Certified – Research Analyst www.choiceindia.com
Morning Tea
Corporate Action:
Gulshan Polyols Limited; Interim Dividend - Rs 1.75 Per Share
Sonata Software Limited; Interim Dividend - Re 3.50/- Per Share (Purpose Revised)
Oil & Natural Gas Corporation Limited; Interim Dividend - Rs 4.50/- Per Share (Purpose Revised)
HCL Infosystems Limited; Annual General Meeting
Atul Auto Limited; Interim Dividend - Rs 2.75/- Per Share
Aarti Drugs Limited; Interim Dividend - Rs 2.25/- Per Share (Purpose Revised)
MRF Limited; Interim Dividend - Rs 3/- Per Share
Manaksia Limited; Interim Dividend - Rs 2/- Per Share (Purpose Revised)
Tide Water Oil Company (India) Limited; Interim Dividend - Rs 150 Per Share
LG Balakrishnan & Bros Limited; Interim Dividend - Rs 2.50/- Per Share (Purpose Revised)
Result Calendar:
BRFL, DCMFINSERV, DCW, DREDGECORP, ESSDEE, GLOBOFFS, GVKPIL, HINDALCO, MARKSANS,
MUKTAARTS, NCC, NITINFIRE, NMDC, PRABHAT, REPRO, SHARONBIO, SUVEN, TARAJEWELS,
VIVIMEDLAB.
10th Nov 2015
Security in Ban
SEBI Registered – Research Analyst www.choiceindia.com * Please Refer Disclaimer on Website
Sr.No Deal Date Security Code Security Name Client Name Deal Type Quantity Price
1 9/11/2015 534060 PMCFIN VIPUL VIRENDRAKUMAR PATEL S 2713088 1.02
2 9/11/2015 534060 PMCFIN VIPUL VIRENDRAKUMAR PATEL B 2713088 1.01
3 9/11/2015 532460 PONNIERODE HRIDAYNATH CONSULTANCY PRIVATE LIMITED S 486000 200.00
4 9/11/2015 532460 PONNIERODE FINQUEST FINANCIAL SOLUTIONS PVT. LTD. S 425000 200.00
5 9/11/2015 532460 PONNIERODE GHI LTP LTD B 400000 200.00
6 9/11/2015 532435 SANINFRA NARENDRA PARMANAND MAJETHIA S 391210 5.02
7 9/11/2015 522209 YOGISUNG KAMLESHBHAI RAMESHBHAI LUNAGARIYA S 317791 10.49
8 9/11/2015 522209 YOGISUNG KAMLESHBHAI RAMESHBHAI LUNAGARIYA B 317791 10.36
9 9/11/2015 538119 RNBDENIMS LALITA NARESHKUMAR BORANA B 300000 10.00
10 9/11/2015 532460 PONNIERODE ATYANT CAPITAL INDIA FUND 1 B 299352 200.00
CEATLTD

3. SEBI Certified – Research Analyst www.choiceindia.com
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SEBI Certified – Research Analyst www.choiceindia.com
Research Team
Mr. Sumeet Bagadia Associate Director
Kunal Parmar Research Associate
Amit Pathania Research Associate
Vikas Chaudhari Research Associate
Rajnath Yadav Research Associate
Satish Kumar Research Associate
Morning Tea
10th Nov 2015
SEBI Registered – Research Analyst www.choiceindia.com * Please Refer Disclaimer on Website
Kunal Parmar
Digitally signed by Kunal Parmar
DN: cn=Kunal Parmar, o=Choice Equity Broking Pvt
Ltd., ou=Research Dept.,
email=kunal.parmar@choiceindia.com, c=IN
Date: 2015.11.10 08:36:41 +05'30'