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Global View
India Update
Today’s Event/ Stock in News
Aurobindo Pharma has received final approval from the US Food & Drug Administration (USFDA) to manufacture and market Risedronate Sodium Tablets
USP, 5 mg, 30 mg and 35 mg (ANDA 200296). This approval is an extension of tentative approval received on 10th October 2012. This product is ready for
launch. The approved ANDA is bioequivalentand therapeutically equivalentto thereference listed drugproduct (RLD) ACTONELTablets of Warner Chilcott
Co., LLC RisedronateSodium Tablets areusedin thetreatmentof Osteoporosis.Theapprovedproducthasanestimatedmarketsizeof$113 millionforthe
twelvemonths endingOctober2015. Thecompanynowhasatotalof219 ANDAapprovals(191 Finalapprovalsincluding10 from AurolifePharmaLLCand
28Tentativeapprovals)fromUSFDA.
Technical Outlook : The stock has been trading with the support of its rising trend line at 810.50 levels on hourly chart. Moreover, stock has been trading
above 21EMA, which indicates thatshort term trend is up. Stock has formed bullish candle stick with good volume activity. A momentum indicator RSI has
moved above 40 levels on daily chart, which pointout for positivebreath in the stock. So for trading perspective one could Buy in the range of 822-827 for
theTargetof844withtheSLof813.
AUROPHARMA
PIDILITE
SEBI Registered – Research Analyst www.choiceindia.com * Please Refer Disclaimer on Website
Morning Tea
02nd Dec 2015
Buy in the range of 550-554 for the Target of 565 with the SL of 544
Buy in the range of 822-827 for the Target of 844 with the SL of 813
Adhesives and industrial chemicals maker Pidilite Industries' step down subsidiary -- Pidilite Lanka (PLPL) -- has acquired Chemifix trademark and other
brands associated with PVAC adhesives business from Sri Lanka-based CIC Holdings Plc. PLPL has also acquired the commercial and technical knowhow
relating toPVAC Adhesivebusinessfrom CIC Holdings.PidiliteInternationalandPidiliteMiddleEast,whollyowned subsidiaries of theCompanyhold76%of
the paid up capital in PLPL. CIC Holdings PLC is a large conglomerate in Sri Lanka and is involved in number of segments in Sri Lanka such as chemicals,
fertilizers,pharmaceuticals,agrichemical,foodproductsetc.
TechnicalOutlook:Onhourlychart,stockhasgivenbreakoutofitsfallingtrendlineat551levels.Moreover,stockhasbeentradingabove21EMAonhourly
chart, which indicates that short term trend remains up. A momentum indicator RSI reading is above 60 marks with positive crossover which point out for
positivebreathinthestock.SofortradingperspectiveonecouldBuyintherangeof550-554 fortheTargetof565withtheSLof544.
US stocks started December stronger on Tuesday as health and consumer shares bounced back while auto sales suggested upbeat growth in November.
The S&P health care index jumped 1.7 percent, while the consumer discretionary index was up 1 percent, both retracing Monday's losses. UnitedHealth
Group Inc's shares rose 3.1 percent to USD 116.26 after its chief executive defended the company's possible withdrawal from the Obamacare health
insuranceexchanges.SharesofAnthemwereup4.2percentatUSD135.82.StrongUSautosalesinNovemberkepttheindustryonpaceforarecordyearin
2015.SharesofFordwereup1.6percentatUSD14.56,thoughGeneralMotors'shareswereup0.2percentatUSD36.26.TheDowJonesindustrialaverage
rose 168.43 points, or 0.95 percent, to 17,888.35, the S&P 500 gained 22.22 points, or 1.07 percent, to 2,102.63 and the Nasdaq Composite added 47.64
points,or0.93percent,to5,156.31.
Asian stocks stuttered in early trade on Wednesday after downbeat US manufacturing data raised concerns about the health of the world's biggest
economy, while the dollar retreated from 8-1/2-month highs. Japan's Nikkei dipped 0.2 percent, Australian stocks lost 0.5 percent and South Korea's Kospi
shed 0.3 percent. MSCI's broadest index of Asia-Pacific shares outside Japan stood flat. Data released Tuesday showed the US manufacturing sector
contractedlastmonthtoitsweakestlevelsinceJune2009,whileconstructionspendingroseinOctobertothehighestlevelsinceDecember2007.Themixed
data prompted markets to question whether the US economy was ready for an interest rate hike that could come as early as this month. Shanghai
Composite index traded at 0.19 to 3462.85, Hang Seng index traded at 0.10 % to 22404.70, Japan's benchmark Nikkei 225 index traded at -0.05% to
20002.12,SouthKorea'sKospiindextradedupby-0.36%to2016.67levels.TheSGXNiftysuggestsaflattopositiveopeningforourmarketsasitistradingat
7997,upby12points.
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:
Result Calendar:
02nd Dec 2015
Security in Ban
SEBI Registered – Research Analyst www.choiceindia.com * Please Refer Disclaimer on Website
Sr. No. Deal Date Script Code Security Name Client Name Deal Type Quantity Price
1 1/12/2015 534060 PMCFIN SEABIRD DISTRIBUTORS PRIVATE LIMITED S 3500000 0.75
2 1/12/2015 534060 PMCFIN PARESH RAMJIBHAI CHAUHAN S 3302969 0.77
3 1/12/2015 534060 PMCFIN PARESH RAMJIBHAI CHAUHAN B 3302969 0.76
4 1/12/2015 523277 GVFILM GANESHMAL SHYAMSUNDER (HUF) B 2532430 0.75
5 1/12/2015 523277 GVFILM GOPAL DAS SONKIA S 2532430 0.75
6 1/12/2015 530655 GOODLUC VENUS INSEC PRIVATE LIMITED S 1000000 92.92
7 1/12/2015 531731 AARYAGLOBL AROHA CHEMTRADING LLP S 747276 1.73
8 1/12/2015 531977 CHLOGIST AARTIE SUNIL ANANDPARA B 717073 15
9 1/12/2015 533268 SEATV SUMTINATH SHARES AND SERVICES PRIVA B 519500 11.07
10 1/12/2015 531855 PRABHAVIN PARKWAY PROPERTIES PRIVATE LIMITED B 245000 1.74
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
Kapil Shah Research Associate
Rajnath Yadav Research Associate
Satish Kumar Research Associate
Morning Tea
02nd Dec 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: 2015.12.02 08:54:59 +05'30'