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Global View
India Update
Today’s Event/ Stock in News
L&TConstructionhaswonordersworthRs1,563croreunderthePowerTransmission&DistributionBusinessinboththeinternationalanddomesticmarketsinJuly
& August 2015.A keyorder hasbeen received fromTenagaNasionalBerhad (TNB) forthe design, manufacture, supply, installation, testing andcommissioning ofa
500 kV double circuit transmission line in Malaysia. L&T Oman LLC, a subsidiary of L&T in Oman, has bagged two major orders from Oman Electricity Transmission
Company SAOG (OETC) for engineering, procurement and construction of a 132kV Gird Station at SAADA & 220kV/132kV/33kV Grid Station at Madinat Sultan
Qaboos (MSQ). Another EPC order was received from Dubai Electricity & Water Authority (DEWA) for the construction of a 132/11 kV substation at Dubai. Yet
another order has been bagged from a reputed customer in the Middle East for the supply of 33kV transmission towers. On the domestic front, a major order has
been received from Tamil Nadu Transmission Corporation (TANTRANSCO) for the engineering, procurement and construction of a 400kV double circuit (Quad)
transmissionlinelinking KamudhiandKaraikudi.
Technical Outlook : The stock has been trading in rising channel formation from since last 1 year as well as prices have been taking support at lower
band of channel formation 1580 levels. Moreover, momentum indicator RSI have been trading in oversold territory zone which suggesting the
possibilitiesofreboundinthestockfromcurrentlevels. Sofortradingprospective,onecouldBuyintherangeof1605-1624forthetargetof1650-1675
levels.
In a bid to grow its household insecticides business, Godrej Consumer Products is tapping rural markets and expecting up to 35 per cent of sales
to come from there in the next two years. In the first half of the year, the company clocked 14 per cent growth. The mosquito repellent brand
Good Knight crossed Rs 1,500 crore sales last fiscal and the company is also looking to boost sales of other products like Hit too. Godrej
Consumer Products is a leader among India's Fast Moving Consumer Goods companies, with leading Household and Personal Care Products. Its
brands include Good Knight, Cinthol, Godrej No. 1, Expert, Hit, Jet, Fairglow, Ezee, Protekt and Snuggy, among others, which are household
names across the country.
Technical Outlook : Looking at daily chart structure, prices have been taking support of upward rising trend line at 1210 levels. The stock has taken
support at 61.80% Fibonacci retracement level of its previous bull run from 1036 to 1458.70 levels. Moreover, stock is trading around 100EMA which
acting as crucial support on daily chart. The momentum Indictor RSI has remained above 40 levels. So for trading prospective, one could Buy in the
rangeof1238-1255 forthetargetof1283-1311 levels.
LT
Godrej CP
SEBI Registered – Research Analyst www.choicebroking.in * Please Refer Disclaimer on Website
Morning Tea
26th August 2015
Buy in the range of 1238/1255 with of SL 1210 for the Target of 1283/1311.
Buy in the range of 1605/1624 with of SL 1580 for the Target of 1650/1675
Asian shares were mixed with Tokyo up, but other markets in narrow losses as Shanghai swung in volatile trade. The Nikkei 225 rose 0.40% while
the S&P/ASX 200 eased 0.17% and the Hang Seng index fell 0.82% at 21349. The Shanghai Composite saw see-saw trade between gains and
losses, most recently up around 1% after falling sharply after the open. Indian equities may start on a flat-to-lower note today, following mixed
cuesfromglobalmarkets.
A rally on Wall Street vanished on Tuesday and stocks ended with deep losses as concerns about China's economy outweighed lower valuations.
Investors estimated more worries thata slowdowninChina couldhobble global growth, even afterthe country's centralbank cut interest rates on
Tuesday for the second time in two months. The Dow Jones industrial average fell 204.91 points, or 1.29 percent, to end at 15,666.44. The S&P
500lost25.59points,or1.35percent,tofinishat1,867.62 andtheNasdaqCompositedropped19.76points,or0.44percent,to4,506.49.
2. SEBI Certified – Research Analyst www.choiceindia.com
Bulk Deal
Corporate Action / Result Calendar
SEBI Certified – Research Analyst www.choiceindia.com
Morning Tea
26th August 2015
Security in Ban
SEBI Registered – Research Analyst www.choicebroking.in * Please Refer Disclaimer on Website
Corporate Action:
Maruti Suzuki India Limited; Annual General Meeting / Dividend - Rs 25/- Per Share.
Jubilant Foodworks Limited; Annual General Meeting/ Dividend - Rs 2.50 Per Share.
Sr.No Deal Date Security Code Security Name Client Name Deal Type Quantity Price
1 25/08/2015 523411 ADCINDIA ADC TELECOMMUNICATIONS INC B 3,099,393 329.95
2 25/08/2015 523411 ADCINDIA TE CONNECTIVITY GERMANY GMBH S 3,080,824 330.00
3 25/08/2015 505533 WESTLIFE SBI MAGNUM BALANCED FUND B 1,293,300 260.00
4 25/08/2015 538295 KAUSAMBI HETA KALPESHKUMAR GOLWALA S 1,020,476 8.80
5 25/08/2015 505533 WESTLIFE WF INDIA RECONNAISSANCE FUND LIMITED S 923,550 260.00
6 25/08/2015 505533 WESTLIFE SBI MAGNUM GLOBAL FUND B 870,000 260.00
7 25/08/2015 532498 SHRIRAMCIT CORNALINA ACQUISITION (FII) LIMITED B 821,100 1650.00
8 25/08/2015 538295 KAUSAMBI HETA KALPESHKUMAR GOLWALA B 694,953 8.76
9 25/08/2015 538295 KAUSAMBI AJAY NATHWANI S 276,790 8.79
10 25/08/2015 513693 KAJARIR MARYADA BARTER PRIVATE LIMITED B 223,475 210.16
JINDALSTEL
3. SEBI Certified – Research Analyst www.choiceindia.com
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Research Team
Mr. Sumeet Bagadia Associate Director
Kunal Parmar Research Associate
Chandrakant Maske Research Associate
Ritesh Patel Research Associate
Amit Pathania Research Associate
Vikas Chaudhari Research Associate
Rajnath Yadav Research Associate
Satish Kumar Research Associate
Morning Tea
26th August 2015
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