Mahindra & Mahindra has launched a new 1.99-litre diesel engine for the new generation Scorpio and XUV500, delivering 120 hp and 140 hp, respectively. L&T Finance Holdings reported a 17% increase in consolidated net profit for Q3 FY16, driven by healthy margins and steady income, despite challenges in the farm equipment business. Global markets showed positive trends with Wall Street experiencing a surge, impacting Asian stock movements and expectations for the Indian market.

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Global View
India Update
Today’s Event/ Stock in News
Mahindra & Mahindra, a part of the US 16.9 billion Mahindra Group, has launched its mHawk new 1.99 litre diesel engine. This engine
would power the New Generation Scorpio as well as the New Age XUV500. It would be available for customers within the Delhi and NCR
Region to begin with. The new 1.99 litre engine will power the New Generation Scorpio and will deliver 120 HP, while for the New Age
XUV500, it will deliver 140 HP. Mahindra & Mahindra (M&M) is the flagship company of the Mahindra Group, a multinational
conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the
automobilemanufacturing.ItisoneoftheleadingautocompaniesofIndia
Technical Outlook : On daily chart, stock has formed Big bullish candlestick with above average volume, which shows accentuated buying
activityduringthelasttradingsession.Moreover,stockhastakensupportat Horizontaltrendlinewhichprovedasstrongsupportinpastas
well, indicating the same identical movement in next trading session. A momentum indicator RSI reading is at 47.13 level with positive
crossover, which point out for positive breath in the stock. So for trading perspective, one could Buy in the range of 1194-1200 for the
Targetof1225withtheSLof1182.
M&M
L&T Finance
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Morning Tea
25th Jan 2016
Buy in the range of 57.75-58.25 for the Target of 60.20 with the SL of 56.80
Buy in the range of 1194-1200 for the Target of 1225 with the SL of 1182
L&T Finance Holdings, a part of India’s leading business conglomerate Larsen & Toubro, on Friday reported a growth of 17 per cent in its
consolidated net profit at Rs 212 crore for the third quarter ended December 31, 2015, helped by healthy margins, steady fee income and stable
opex. The company had posted aconsolidated net profit of Rs 182 crore in the corresponding quarter of previousfiscal, said L&T Finance Holdings
in a filing to BSE. Total income of the company rose 15.66 per cent to Rs 1,864.03 crore in Q3 FY16 from Rs 1,611.52 crore in Q3 FY15. During the
quarter under review, the company’s loans & advances grew by 23 per cent y-o-y to Rs 55,694 crore as compared to Rs 45,225 crore as on
December31,2014despitesubstantialnegativegrowthinfarmequipmentbusiness.
TechnicalOutlook: Ondailychart,stockistradingabovetheHighofDojicandlestickwhichitformedonThursdaytradingsession,whichindicating
for classical reversal that can be seen in next trading session. Moreover, stock has strong support at54-55 level from stock has given good bounce
back, which shows that good upside movement would be there from the present level. A momentum indicator RSI reading is at 35.62 level with
positive crossover, which point out for positive breath in the stock. So for trading perspective, one could Buy in the range of 57.75-58.25 for the
Targetof60.20 withtheSLof56.80
Wall Street surged 2 percent on Friday to wrap up its first positive week of 2016 as a cold snap in the United States and Europe sent oil
prices sharply higher. A 4.3-percent jump in the S&P energy sector laid the foundation for the S&P 500's strongest session so far this year.
Crudeprices,recently under pressure froma global glut,recovered 9 percentas harsh winter weather boosteddemand for heating oiland
traders cashed in short positions following a steep drop this month. Asian stocks gained early on Monday, relieved after seeing Wall Street
rallyovernightonthebackofasharpriseincrudeoilprices.
After a volatile last week, Nifty is likely to open flat on Monday morning. Strong global cues boosted Sensex nearly 500 points in Friday’s
trade andNifty alsoregained the 7400 level. SGX Niftywas trading at 7446 level, up 19 points at 7:40 AM today. On the earnings front, ITC
disappointed with profit and sales coming below expectations while Spicejet continued its growth streak by clocking profits for fourth
consecutive quarter. On Monday, private lender HDFC Bank is expected to report a stable set of numbers with expectations of 20 percent
profitgrowth.

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Bulk Deal
Corporate Action / Result Calendar
SEBI Certified – Research Analyst www.choiceindia.com
Morning Tea
Corporate Action:
Wipro Limited; Interim Dividend - Rs 5/- Per Share (Purpose Revised)
MindTree Limited; Interim Dividend - Rs 4/- Per Share (Purpose Revised)
Result Calendar:
ACGL, AKSCHEM, ASAHISONG, ASAL, BANARBEADS, BIJLTEX, CONCOR, COROENGG,
COSMOFILMS, ENVAIREL, EVEREADY, FACORSTE, HARDCAS, HARPOLY, HCL-INSYS, HDFCBANK,
HESTERBIO, HMVL, ICDSLTD, INDOSOLAR, INTELLECT, ISLCONSUL, KANSAINER, KAYA,
KIRLOSBROS, KITEX, LYNMC, MAGNAELQ, MCLEODRUSS, MRF, NILKAMAL, OKPLA,
PARRYSUGAR, RAJGLOWIR, RML, ROSETEX, SCHABLON, SCOOTER, SOMANYCERA, SUBROS,
SUMERUIND, SUPREMEIND, SWARAJENG, THANGAMAYL, THIRDFIN, VAIBHAVGBL, VERTEX, VTL,
WENDT, WILLAMAGOR.
25th Jan 2016
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 22/01/2016 532090 VANDANA LEENA DINESH RANE S 2044112 0.51
2 22/01/2016 532090 VANDANA ASHWINI DAMODAR KHEDEKAR B 1400000 0.51
3 22/01/2016 538566 POTENTIAL SONIA JYOTI B 900000 13.21
4 22/01/2016 538566 POTENTIAL RAHUL GUPTA B 807617 13.21
5 22/01/2016 532090 VANDANA SANGEETA SURESH KADAM S 634577 0.51
6 22/01/2016 532090 VANDANA ASHWINI DAMODAR KHEDEKAR S 542949 0.51
7 22/01/2016 538566 POTENTIAL ANGAD SINGH S 500000 13.21
8 22/01/2016 503657 VEERENRGY VIPUL VIRENDRAKUMAR PATEL S 464478 3.67
9 22/01/2016 503657 VEERENRGY VIPUL VIRENDRAKUMAR PATEL B 464478 3.64
10 22/01/2016 538566 POTENTIAL VIHANG GARG S 300000 13.21
DLF, JETAIRWAYS, JPASSOCIATE, RELINFRA & UNITECH

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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
25th Jan 2016
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Kapil Shah
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DN: cn=Kapil Shah, o=Choice Equity Broking Pvt Ttd.,
ou=Research Department,
email=kapil.shah@choiceindia.com, c=IN
Date: 2016.01.25 08:49:38 +05'30'