1. SEBI Certified – Research Analyst www.choiceindia.com
Global View
India Update
Today’s Event/ Stock in News
Bharti Airtel, a leading global telecommunications company, is reportedly planning to invest an additional USD 200-400 million in the current fiscal to
ramp up 3G and 4G infrastructure. The company has estimated its capex for India and South Asia to be at $2.3 billion, most of which would have been
on India. Recently, the company has reported 10.09% rise in its consolidated net profit at Rs 1522.70 crore for the quarter ended September 30, 2015
as compared to Rs 1383.20 crore for the same quarter in the previous year. Total income of the company has increased by 4.33% at Rs 23851.90 crore
for quarter under review as compared to Rs 22861.70 crore for the quarter ended September 30, 2014. Bharti Airtel is a leading integrated
telecommunications company with operations in 20 countries across Asia and Africa. The company ranks amongst the top 5 mobile service providers
globally in terms of subscribers.
Technical Outlook : The stock has been trading with the support of its rising trend line at 347.50 on hourly chart. Moreover, stock has been
trading above 200 EMA on hourly chart, which indicates that short term trend is up. A momentum indicator RSI reading is above 40 marks,
which point out that still positive breath is in the stock. So for trading perspective, one could Buy in the range of 350-353 for the Target of 361
with the SL of 346.
BHARTIARTL
LUPIN
SEBI Registered – Research Analyst www.choiceindia.com * Please Refer Disclaimer on Website
Morning Tea
28th Oct 2015
Sell in the range of 1940-1955 for the Target of 1901 with the SL of 1975
Buy in the range of 350-353 for the Target of 361 with the SL of 346
Lupin 's July-September quarter earnings disappointed street on bottomline & operational front while topline matched expectations. Consolidated net
profit plunged 35 percent year-on-year to Rs 409 crore on weak operational performance and slow revenue growth that impacted by US and Japan
businesses. Lower other income also hit bottomline. Revenue increased 4.7 percent to Rs 3,321.3 crore during same period, driven by domestic
business. "Slowdown in approvals in the US and a lack of material launches continued to dampen growth," Nilesh Gupta, Managing Director, Lupin said,
adding, "We continue to invest in research and remain upbeat on the pace of approvals and launches to pick up by the fourth quarter.” Profit was
estimated at Rs 542.7 crore on revenue of Rs 3,302.4 crore for the quarter, according to average of estimates of analysts polled by CNBC-TV18. India
business grew by 9.4 percent year-on-year to Rs 873.4 crore in quarter gone by. Rest of World has shown massive 52.9 percent growth at Rs 288.6 crore
and Europe business increased 32.2 percent to Rs 115.8 crore compared to year-ago period. US formulations business during July-September quarter
declined 9.2 percent to Rs 1,155 crore and Japan business (Kyowa and Kyowa CritiCare) dropped 6.5 percent to Rs 323.4 crore with South Africa
(Pharma Dynamics) revenue falling 5.6 percent to Rs 99.8 crore compared to same quarter last year, Lupin said. API sales grew by 1.1 percent to Rs
321.9 crore during Q2FY16 compared to Rs 318.3 crore during Q2FY15, it added. Consolidated operating profit (earnings before interest, tax,
depreciation and amortisation) plunged 19.3 percent year-on-year to Rs 672 crore and margin declined 610 basis points to 20.2 percent in quarter
ended September 2015, impacted by R&D expenses.
Technical Outlook : On daily chart, stock has given breakdown of its rising trend line at 1962.50 levels. Moreover, stock has formed long bearish candle stick
pattern with aboveaverage volumes. Stock has been trading below 21 DEMA on daily chart,which indicates that shortterm trend is down. A momentum indicator
RSIreadingisat42.80withnegativecrossover,whichpointoutfornegativebreathinthestock.Sofortradingperspective,onecouldSellintherangeof1940-1955for
theTargetof1901withtheSLof1975.
US stocks slipped on Tuesday on uncertainty over the US rate outlook and disappointing results from Ford and other companies. Upbeat results
from Apple after hours, however, could give the market a boost on Wednesday. The Federal Reserve began its two-day policy meeting on
Tuesday. While expectations for a rate hike this week are slim, investors are looking for clues in its policy statement on Wednesday as to when
the Fed will begin to raise interest rates. Casting more doubts on whether the Fed will raise rates this year, data showed US non-defense capital
goods orders excluding aircraft, a closely watched proxy for business spending plans, slipped last month after a downwardly revised decline in
August. The Dow Jones industrial average fell 41.62 points, or 0.24 percent, to 17,581.43, the S&P 500 lost 5.29 points, or 0.26 percent, to
2,065.89 and the Nasdaq Composite dropped 4.56 points, or 0.09 percent, to 5,030.15.
Asian markets traded mixed Wednesday, with losses in energy plays amid fresh oil-price declines counterbalanced by gains in Japan shares as
traders hoped for more stimulus from the central bank. Traders there are likely to be hesitant as they await the outcome of the Bank of Japan's
meeting at the end of the week. Many analysts expect the central bank to introduce further stimulus, which is likely to boost asset prices.
Shanghai Composite index traded at -0.53% to 3416.70, Hang Seng index traded at -0.47 % to 23035.26, Japan's benchmark Nikkei 225 index
traded at 0.60% to 18890.21, South Korea's Kospi index traded down by -0.34 % to 2037.76 levels. The SGX Nifty suggests a flat to negative
opening for our markets as it is trading at 8232, down by 13 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:
Asian Paints Limited; Interim Dividend - Rs 2.20/- Per Share (Purpose Revised).
Result Calendar:
AMARAJABAT, AMBUJACEM, DABUR, ELECON, EXCELCROP, EXIDEIND, HTMEDIA, JETAIRWAYS,
JKTYRE, JSWENERGY, JUBLINDS, JUSTDIAL, KECLTD, MCX, NELCO, ONMOBILE, PIDILITEIND,
RAYMOND, SUNTV, SYNDIBANK, TATALEXSI, TCI, TORNTPOWER, TRF, ZEELERN.
28th Oct 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 27/10/2015 526957 UVBOARDS DUGAR MERCANDISE PRIVATE LIMITED S 4800000 10.06
2 27/10/2015 533228 SKSMICRO WESTBRIDGE VENTURES II LLC S 1415820 401.71
3 27/10/2015 533228 SKSMICRO MORGAN STANLEY ASIA SINGAPORE PTE B 777000 402.44
4 27/10/2015 526957 UVBOARDS KNS CAPITAL SERVICES LLP B 700000 10.06
5 27/10/2015 532090 VANDANA SURESH SHAMRAO KADAM S 597170 0.62
6 27/10/2015 526957 UVBOARDS MAHESH HEMCHAND PUROHIT B 500000 10.01
7 27/10/2015 526957 UVBOARDS ADITYA S CHANDAK B 500000 10.06
8 27/10/2015 526957 UVBOARDS HARDIK INDRAMAL JAIN B 300000 10.01
9 27/10/2015 526957 UVBOARDS BEEJ TRADING PRIVATE LIMITED B 261076 10.01
10 27/10/2015 526957 UVBOARDS NAMRATA PRAKASH LODHA B 200000 10.01
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
Ritesh Patel Research Associate
Amit Pathania Research Associate
Vikas Chaudhari Research Associate
Rajnath Yadav Research Associate
Satish Kumar Research Associate
Morning Tea
28th Oct 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: 2015.10.28 08:31:57 +05'30'
