Morning Tea:‪ MARUTI‬,‎RAYMOND‬

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Global View
India Update
Today’s Event/ Stock in News
Foreign institutional investors (FIIs) have raised their stake in Maruti Suzuki by 33 basis points to 22.08 percent in Q2FY16 from
21.75 percent in Q1FY16. On the other hand, the domestic institutional investors (DIIs) have reduced their shareholding in the
company by 15 basis points to 14.43 percent at the end of September 2015 quarter from 14.58 percent as on June 30, 2015. Non
Institutions were holding 7.28% stake at the end of September 2015 quarter, down 18 basis points from 7.46% as on Jun 30,
2015. Maruti Suzuki India, country's largest car maker, has registered a rise of 3.7% in its total car sales (Domestic + Export) for
the month of September 2015 at 113,759 units, as against 109,742 units in 2014. The company's domestic sales rose by 6.8% in
2015 at 106083 units, as against 99290 units in corresponding month last year.
Technical Outlook : On daily chart, stock has been trading in rising channel formation and recently stock has taken support of its
lower band of channel formation at 4280 levels. Moreover, stock has been trading above 21 DEMA on daily chart which indicates
that short to medium term trend is up. A momentum indictor RSI has remained above 40 levels, which point out for positive
breath in the stock. So for trading perspective, one could Buy in the range of 4460-4475 for the Target of 4565 with the SL of
4415.
MARUTI
RAYMOND
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Morning Tea
23rd Oct 2015
Buy in the range of 441-445 for the Target of 454 with the SL of 436
Buy in the range of 4460-4475 for the Target of 4565 with the SL of 4415
Foreign institutional investors (FIIs) have raised their stake in Raymond by 18 basis points to 6.68 percent in Q2FY16 from 6.5
percent in Q1FY16. Meanwhile, non institutions were holding 37.77 percent stake at the end of September 2015 quarter, down
16 basis points from 37.93 percent as on June 30, 2015, while the corporate bodies were holding 10.05 percent stake at the end
of September 2015 quarter, down 70 basis points from 10.75 percent as on June 30, 2015. Further, the promoters have raised
shareholding in the company by 21 basis points to 40.82 percent at the end of September 2015 quarter from 40.61 percent as on
June 30, 2015. Raymond is one of India's largest branded fabric and fashion retailers. It is one of the leading, integrated
producers of suiting fabric in the world, with a capacity of producing 38 million meters of wool & wool-blended fabrics.
Technical Outlook : The stock has been moving in rising wedge formation since last 1 month on hourly chart. Recently, stock has taken support of
its lower band of wedge formation at 436.50 levels. Besides, stock has been trading above 21 DEMA on daily chart, which indicates that short to
medium term trend is up. A momentum indictor RSI has remained above 40 levels on daily chart, which point out for positive breath in the stock.
Sofortradingperspective,onecouldBuyintherangeof441-445 fortheTargetof454withtheSLof436.
Asian share markets were sharply higher early today, tracking offshore gains following hints of new stimulus from the European
Central Bank (ECB). ECB President Mario Draghi signaled on Thursday that the central bank is prepared to undertake another large
stimulus package to tackle the lackluster growth seen in the euro zone. Shanghai Composite index traded at 0.22% to 3376.06, Hang
Seng index traded at 1.34 % to 23154.86, Japan's benchmark Nikkei 225 index traded at 2.30% to 18869.84, South Korea's Kospi
index traded up by 1.28 % to 2049.32 levels. The SGX Nifty suggests a gap up opening for our markets as it is trading at 8337.50, up
by 91 points.
U.S. Federal Reserve policy makers have been saying rates could be raised by December, concerns over slowing global growth and a
strong dollar have many investors betting that the Fed will wait at least until early next year before lift-off. That left markets focused
on the Fed's policy setting meeting on Oct 27-28. The ECB chief Mario Draghi said on Thursday that the bank is studying new
stimulus measures that could be unveiled as soon as December and is prepared to cut its deposit rate deeper into negative territory.
Furthermore, ECB's dovish comments fanned speculation that the Bank of Japan could expand its stimulus when it reviews policy
next Friday. The Dow Jones industrial average rose 320.55 points, or 1.87 percent, to 17489.16, the S&P 500 gained 33.57 points, or
1.66 percent, to 2052.51, and the Nasdaq Composite gained 1.65 points, or 79.93 percent, to 4920.05

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Bulk Deal
Corporate Action / Result Calendar
SEBI Certified – Research Analyst www.choiceindia.com
Morning Tea
Corporate Action:
Hindustan Zinc Limited; Interim Dividend Rs.1.90 Per Share And Special Interim Dividend
Rs.1.90 Per Share (Purpose Revised)
Tata Consultancy Services Limited; Interim Dividend - Rs 5.50/- Per Share
Hatsun Agro Product Limited; Second Interim Dividend Re.1/- Per Share (Purpose Revised)
HCL Technologies Limited; Interim Dividend - Rs 5/- Per Share (Purpose Revised)
Result Calendar:
3IINFOTECH, ASIANPAINT, CHOLAFIN, GSFC, INFRATEL, INOXLEISUR, KANSAINER, RALLIS,
SYMPHONY, VIPIND.
23rd 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 21/10/2015 531731 AARYAGLOBL AROHA CHEM TRADING LLP S 488876 2.46
2 21/10/2015 532692 RMCL CNI RESEARCH LIMITED B 350000 25.14
3 21/10/2015 532692 RMCL KISHOR PUNAMCHAND OSTWAL S 325000 25.08
4 21/10/2015 531731 AARYAGLOBL PRIME BROKERS PRIVATE LIMITED S 289490 2.45
5 21/10/2015 539227 LOYAL HEM SEC LTD S 248000 16.95
6 21/10/2015 539402 VAL TAXUS ENTERPRISES PRIVATE LIMITED B 248000 26.62
7 21/10/2015 539227 LOYAL SANTOSH BHANSALI HUF B 240000 16.93
8 21/10/2015 531173 SYSCHEM RANJAN JAIN S 222386 10.60
9 21/10/2015 535466 SRL HEM CHAND JAIN B 220800 34.63
10 21/10/2015 531731 AARYAGLOBL MAHESHA MULTI TRADING LLP S 168576 2.42
IBREALEST

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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
23rd 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: 2015.10.23 08:45:02 +05'30'