The document provides a daily market update and analysis from a research analyst. It summarizes the performance of Pidilite Industries which reported a rise in net profit for the quarter. It also provides technical analysis and recommendations to buy Rajesh Exports based on a breakout and positive momentum. The rest of the document covers global market performance, bulk deals, upcoming corporate actions and results, banned securities and contact details for the research firm.

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Global View
India Update
Today’s Event/ Stock in News
Pidilite Industries has reported 33.75% rise in its net profit at Rs 182.76 crore for the quarter ended September 30, 2015 as compared to
Rs 136.64 crore for the same quarter in the previous year. The company's total income has increased by 2.46% to Rs 1177.21 crore for
the quarter under review from Rs 1148.97 crore for the corresponding quarter of the previous year. On the consolidated basis, the
company has reported 38.01% rise in its net profit after taxes, Minority Interest and Share of Profit of Associates at Rs 191.7 crore for
the quarter ended September 30, 2015 as compared to Rs 138.9 crore for the same quarter in the previous year. The total income of the
company has increased by 4.93% at Rs 1332.31 crore for quarter under review as compared to Rs 1269.71 crore for the quarter ended
September 30, 2014.
Technical Outlook : The stock has been trading in ascending triangle formation and recently has taken support of its lower band of triangle
pattern, which is placed at 530 on daily chart. Moreover, stock has been trading above 100 EMA on daily chart, which indicates that
medium term trend is up. A momentum indicator RSI reading is above 40 marks with positive crossover, which point out for positive
breath in the stock. So for trading perspective, one could Buy in the range of 566-570 for the Target of 582 with the SL of 560.
PIDILITEIND
RAJESHEXPO
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Morning Tea
30th Oct 2015
Buy in the range of 634-638 for the Target of 651 with the SL of 627
Buy in the range of 566-570 for the Target of 582 with the SL of 560
Rajesh Exports (REL) has bagged an export order worth Rs 125 crore as an initial order of a special range of jewellery for the European
markets. Valcambi has a strong marketing network in Europe developed over a period of more than 50 years. Valcambi has agreed to
market REL products in Europe provided the products meet European standards and designs. REL has designed and developed a special
range of jewellery for the European markets, this range of jewellery has been approved by Valcambi for launching it in various European
cities. Valcambi has placed the first order for this new range of jewellery developed by REL. The order is to be delivered within a period
of 4 Months. REL will be manufacturing this jewellery at it's manufacturing plant at Bangalore and is confident of supplying the order
within the stipulated time period. This order is of great importance to REL as this order opens up an entirely new market for REL
products which holds promise to deliver much higher profitability with sizeable volumes.
Technical Outlook : On daily chart, recently the stock has given breakout of horizontal support line at 617 levels with above average volumes. Moreover,
stock hasbeentradingabove21EMAondailychart,whichindicates thatshortterm trendisup.AmomentumindicatorRSIreadingisabove60 markswith
positive crossover on daily chart, which point out for positive breath in the stock. So for trading perspective, one could Buy in the range of 634-638 for the
Targetof651withtheSLof627.
US stocks ended slightly lower on Thursday as the market digested disappointing tech earnings reports and the potential for an
interest rate hike in December. The Federal Reserve, which kept rates unchanged at its policy meeting that ended Wednesday,
downplayed concerns about global growth and indicated confidence in the US job market's recovery. The Dow Jones industrial
average fell 23.72 points, or 0.13 percent, to 17,755.8, the S&P 500 lost 0.94 points, or 0.04 percent, to 2,089.41 and the Nasdaq
Composite dropped 21.42 points, or 0.42 percent, to 5,074.27.
Asian shares posted a lackluster open on Friday, with Australia's S&P ASX 200 index hitting its lowest level since October 21,
following an uninspiring handover from offshore markets. Traders were also likely waiting on the sidelines ahead of the Bank of
Japan's (BOJ) monetary policy decision. Major US averages finished lower overnight, with the Nasdaq Composite leading declines
with a 0.4 percent fall. The blue-chip Dow Jones Industrial Average ticked down 0.1 percent, while the S&P 500 ended little
changed. Shanghai Composite index traded at -0.25% to 3378.79, Hang Seng index traded at -0.51 % to 22703.35, Japan's
benchmark Nikkei 225 index traded at -0.15% to 18907.60, South Korea's Kospi index traded down by -0.01 % to 2033.98 levels.
The SGX Nifty suggests a flat opening for our markets as it is trading at 8136, up by 3 points.

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Bulk Deal
Corporate Action / Result Calendar
SEBI Certified – Research Analyst www.choiceindia.com
Morning Tea
Corporate Action:
Ashima Limited; Rights : 24:10 At Par
Welspun India Limited; Interim Dividend - Rs 6.50/- Per Share
Vedanta Limited; Interim Dividend - Rs 3.50/- Per Share
Steel Strips Wheels Limited; Interim Dividend - Rs 1.50/- Per Share (Purposed Revised)
Godrej Consumer Products Limited; Interim Dividend - Re 1/- Per Share (Purpose Revised)
Result Calendar:
3MINDIA, AJANTPHARM, APOLLOTYRE, ATUL, CENTURYTEX, ICICIBANK, IFBIND, IPCALAB, ITC,
JINDRILL, JAGRAN, KOTAKBANK, KTKBANK, LT, MAHSEAMLES, MERCK, NOCIL, ORIENTPPR,
SRIPIPES, SUZLON, TITAN, UTTAMSTL.
30th 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 29/10/2015 534060 PMCFIN SONICTOWN COM PRIVATE LIMITED B 2500000 1.22
2 29/10/2015 534060 PMCFIN SONICTOWN COM PRIVATE LIMITED S 1837328 1.22
3 29/10/2015 533896 FERVENTSYN KANTILAL PREMCHAND SHAH B 1000000 20.85
4 29/10/2015 530967 KYRALANDS JAVIYA AND PADHIYAR TRADING LLP B 749211 0.69
5 29/10/2015 530967 KYRALANDS JAVIYA AND PADHIYAR TRADING LLP S 548210 0.69
6 29/10/2015 530967 KYRALANDS INVENTURE GROWTH & SECURITIES LTD. B 300010 0.69
7 29/10/2015 536737 ACFSL SUN AND SHINE WORLDWIDE LIMITED S 300000 30.15
8 29/10/2015 536737 ACFSL MANOJ CHHAGANLAL RATHOD HUF B 300000 30.15
9 29/10/2015 533553 TDPOWERSYS HDFC MUTUAL FUND S 300000 278.00
10 29/10/2015 532435 SANINFRA HORA FINANCE INVESTMENT B 241475 6.14

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information contained in this recommendation or any action taken on basis of this information. Technical analysis studies market psychology, price patterns and volume levels. It is used to forecast
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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
30th 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: 2015.10.30 08:48:41 +05'30'