- Maruti Suzuki India reported a 29.1% rise in total car sales to 134,209 units in October 2015 compared to 103,973 units in October 2014. Domestic sales rose 24.7% while exports increased 90.4%. - Technical outlook indicates the Maruti stock may be bought in the range of Rs. 4480-4500 for a target of Rs. 4590 with a stop loss of Rs. 4435. - Dr. Reddy's Laboratories launched a new pain relief spray called Nise D spray to expand its offerings in the pain relief segment. Technical outlook suggests buying Dr. Reddy's stock in the range of Rs. 4280-4300 for a target

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Global View
India Update
Today’s Event/ Stock in News
Maruti Suzuki India, country's largest car maker, has registered a rise of 29.10% in its total car sales (Domestic + Export) for the month of
October 2015 at 134,209 units, as against 103,973 units in 2014. The company's domestic sales rose by 24.7% in October 2015 at 121,063 units,
as against 97,069 units in corresponding month last year. Of the total, the company has sold 97951 units of its passenger cars during last month,
up by 21.5% as against 80589 units in 2014. The company's sales of vans have increased by 30.8% to 13677 units as against 10453 units in 2014.
Moreover, the company's sales of its utility vehicles rose by 56.5% to 9435 units from 6027 units in 2014. Moreover, the company's exports
have increased by 90.4% to 13,146 units as against 6,904 units in 2014.
Technical Outlook : On daily chart, stock has been trading in rising wedge formation and recently it has taken support of its lower band of wedge
pattern which is placed at 4370 levels. Moreover, stock has been trading above 21 DEMA on daily chart, which indicates that short 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. So for trading
perspective, one could Buy in the range of 4480-4500 for the Target of 4590 with the SL of 4435.
MARUTI
DRREDDY
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Morning Tea
03rd Nov 2015
Buy in the range of 4280-4300 for the Target of 4385 with the SL of 4237
Buy in the range of 4480-4500 for the Target of 4590 with the SL of 4435
Dr. Reddy's Laboratories has launched Nise D spray, emphasizing its strategic intent of being a player of substance in the Indian OTC (Over The
Counter) space. Nise D spray, offers quick and targeted pain killing. Through this product the company has further expanded its offerings in the
therapeutic area of pain relief to consumers. In India, the market for pain relief products is approximately Rs 1,700 crore. Pain relief sprays are
growing 20 times faster than creams and gels, indicating a trend of changing consumer preferences. The formulation for Nise D Spray comprises
3 key ingredients which get absorbed quicker, penetrate deep to reach the source of pain and reduce inflammation. Dr. Reddy's is an integrated
global pharmaceutical company, committed to providing affordable and innovative medicines for healthier lives. Through its three businesses -
Pharmaceutical Services and Active Ingredients, Global Generics and Proprietary Products - the company offers a portfolio of products and
services including APIs, custom pharmaceutical services, generics, bio-similars, differentiated formulations and NCEs.
TechnicalOutlook:Thestockhasbeentradingwiththesupportofitsupwardrisingtrendlinewhichisplacedat4080levelsondailychart.Moreover,stockhasbeen
tradingabove60DEMAondailychartwhichindicatesthatmediumtolongtermtrendisup.AmomentumindictorRSIhasremainedabove40levelswhichpointout
forpositivebreathinthestock.Sofortradingperspective,onecouldBuyintherangeof4280-4300fortheTargetof4385withtheSLof4237.
US stocks added to their recent run with gains across all sectors on Monday, led by increases in the beaten-down energy group
and the acquisition-driven healthcare industry. The gains on the first trading day of the month followed the best monthly
performance of the major indexes in four years in October. The Nasdaq 100 on Monday closed at its highest level in more than 15
years. Data on Monday showed US manufacturing activity in October sank to a 2-1/2-year low, but a rise in new orders offered
encouragement. Elsewhere, factory activity in Germany beat economists' estimates, and manufacturing in Central and Eastern
Europe kept up a robust pace in October. The Dow Jones industrial average rose 165.22 points, or 0.94 percent, to 17,828.76, the
S&P 500 gained 24.69 points, or 1.19 percent, to 2,104.05 and the Nasdaq Composite added 73.40 points, or 1.45 percent, to
5,127.15.
Asian equity markets staged a comeback on Tuesday, with investors encouraged by the upbeat handover from Wall Street.
China's key Shanghai Composite index nudged up 0.1 percent amid jitters surrounding a crackdown on illegal futures trading and
ongoing anticorruption investigations into companies such as Dongfeng Motor Group. Shanghai Composite index traded at -
0.40% to 3311.81, Hang Seng index traded at 1.24 % to 22651.18, Japan's benchmark Nikkei 225 index traded at -2.14% to
18683.24, South Korea's Kospi index traded marginally up by 0.44 % to 2044.28 levels. The SGX Nifty suggests a flat to positive
opening for our markets as it is trading at 8105.50, up by 36.50 points

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Bulk Deal
Corporate Action / Result Calendar
SEBI Certified – Research Analyst www.choiceindia.com
Morning Tea
Corporate Action:
Thirumalai Chemicals Limited; Interim Dividend - Rs 4/- Per Share (Purpose Revised)
Indo Count Industries Limited; Interim Dividend - Re 1/- Per Share
Result Calendar:
ABB, ADANIPOWER, AEGISLOG, ASAHIINDIA, BALRAMCHIN, BERGEPAINT, BOMDYEING,
CHAMBLFERT, DEN, DLF, FINANTECH, FINCABLES, GABRIEL, GAIL, GNFC, HEXAWARE, INDIAGLYCO,
IOC, KRBL, MCLEODRUSS, PFC, POWERGRID, PRISMCEM, PTC, PVR, RPOWER, SCHNEIDER, SFCL,
SHEMAROO, SICAGEN, SKIPPER, TBZ, TCIFINANCE, TECHM, TUBEINVEST.
03rd Nov 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 2/11/2015 532614 IMPEXFERRO INDIAN INFOTECH AND SOFTWARE LIMITED S 425000 2.03
2 2/11/2015 522209 YOGISUNG BHARATKUMAR VELAJI MARWADI S 290709 9.46
3 2/11/2015 522209 YOGISUNG BHARATKUMAR VELAJI MARWADI B 290709 9.45
4 2/11/2015 522209 YOGISUNG UMESH BHIKHABHAI MAKWANA S 168541 9.45
5 2/11/2015 522209 YOGISUNG UMESH BHIKHABHAI MAKWANA B 168541 9.46
6 2/11/2015 522209 YOGISUNG MAHESHBHAI ARJUNBHAI BORISA S 115956 9.45
7 2/11/2015 522209 YOGISUNG MAHESHBHAI ARJUNBHAI BORISA B 115956 9.46
8 2/11/2015 539032 FRASER JIGNESH NARENDRABHAI PATEL B 101000 26.18
9 2/11/2015 522209 YOGISUNG NIRAJ RAJNIKANT SHAH B 100340 9.07
10 2/11/2015 522209 YOGISUNG KAMLESHBHAI RAMESHBHAI LUNAGARIYA S 99372 9.21

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Research Team
Mr. Sumeet Bagadia Associate Director
Kunal Parmar Research Associate
Amit Pathania Research Associate
Vikas Chaudhari Research Associate
Rajnath Yadav Research Associate
Satish Kumar Research Associate
Morning Tea
03rd Nov 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: 2015.11.03 08:24:16 +05'30'