Coal India achieved nearly 99% of its June production target of 43.31 million tonnes, producing 42.72 million tonnes. For the period of April to June 2016-2017, production was 125.65 million tonnes against a target of 132.43 million tonnes. Off-take in June was 44.96 million tonnes, lower than the targeted 47.52 million tonnes. Vedanta plans to increase aluminum production capacity at its Lanjigarh refinery in Odisha from 1 million tonnes per annum to 1.5 million tonnes, a 50% increase.

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Global View
India Update
Today’s Event/ Stock in News
Leading coal miner Coal India Ltd (CIL) has achieved production of 42.72 mt in the month of June as against a target of 43.31 mt
for the same month, as per the media reports. Further, the broader goal is to produce 1 bn tonne of dry fuel by 2020, said the PTI
report. The state-owned coal miner has achieved 99 per cent of the monthly target of 43.31 mt in June. For April-June of 2016-
17, the miner recorded a provisional production of 125.65 mt of coal as against a target of 132.43 mt. Off-take in June, at 44.96
mt, was also lower than the targeted level of 47.52 mt for the month.
Technical Outlook: On hourly chart, stock has been trading with strong support of 305 level, a level which from where stock gave
good spurt upto 318 level in past, so at present level we are expecting the same identical move. Moreover, stock has been
trading with its strong support of 21 day moving average which is placed at 310 level, which shows that near term trend is up. An
hourly leading indicator stochastic reading is in oversold zone at 12.20 level, which point out for bounce back in prices. So for
trading perspective, one could Buy in the range of 308-310 for Target of 316.50 with SL of 305.
COALINDIA
VEDL
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Buy in the range of 134-135.2 for the Target of 138 with the SL of 132.6
Buy in the range of 308-310 for the Target of 316.50 with the SL of 305
Commenting on the development, Vedanta, Chief Executive Officer (Aluminium), Abhijit Pati said, quoted PTI, “We plan to
enhance production in Lanjigarh refinery from 1 mtpa to 1.5 mtpa, a 50 per cent increase. It will help in raising overall aluminium
output.” Stating that the target is to raise aluminium production jointly by it’s smelters at Jharsuguda in Odisha and Korba in
Chhattisgarh to 1.5 mtpa, he said Jharsuguda would produce around 1 mt, while the rest would be contributed by Korba.
Technical Outlook: On daily chart, recently stock has given breakout of its horizontal resistance line which is placed at 130 level,
which indicates that further robust upside movement can be seen from the present level. Moreover, stock has been continuously
trading with its strong support of 50 day moving average which is placed at 109.90 level, which shows that short term trend is up.
A momentum indicator RSI reading is at 71.15 level with positive crossover, which point out for positive breath in the stock. So
for trading perspective, one could Buy in the range of 134-135.20 for Target of 138 with SL of 132.60
The market is likely to be in positive mode as global equities have nearly erased the post-Brexit sell-off. The Nifty is likely to face
resistance at 8500 mark while 8200 may serve as the near-term support. Monsoons, hopes of GST being passed in the monsoon
session of Parliament and Q1 earnings season which kick-starts this week are few positive triggers that investors will be watching
out. Indian market saw a strong start to the July series on Friday as equity benchmarks ended at fresh 2016 highs, continuing
uptrend for the fifth consecutive session following positive sentiment in global peers and value buying in select stocks. The 30-
share BSE Sensex rose 145.19 points or 0.54 percent to 27144.91 and the 50-share NSE Nifty was up 40.60 points or 0.49 percent
at 8328.35 on Friday. The broader markets outperformed benchmarks with the BSE Midcap index rising 1.2 percent.
The major US stock indexes rose modestly on Friday, for a fourth straight day of gains, helped by encouraging US manufacturing
data. The S&P 500 tallied its best week since November, staging a strong rebound from its worst two-day decline in 10 months
sparked by Britain's shock vote last week to leave the European Union. The indexes have erased almost all their losses stemming
from the "Brexit" vote. "Clearly, people have assessed that either, one, it's not a big deal, or, two, it’s not going to happen at all,
and they’re positioning according to those views," said Walter Todd, chief investment officer at Greenwood Capital in
Greenwood, South Carolina. The Dow Jones industrial average rose 19.38 points, or 0.11 percent, to 17,949.37, the S&P 500
gained 4.09 points, or 0.19 percent, to 2,102.95 and the Nasdaq Composite added 19.90 points, or 0.41 percent, to 4,862.57.

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Bulk Deal
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Morning Tea
04th July 2016
Security in Ban
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Sr. No. Deal Date Script Code Security Name Client Name Deal Type Quantity Price
1 1/7/2016 526987 URJAGLOBA SHREE BHUVANAKARAMTRADINVEST PVT LTD B 3131816 1.15
2 1/7/2016 526987 URJAGLOBA MALVI AND CO B 3100000 1.12
3 1/7/2016 526987 URJAGLOBA SHREE BHUVANAKARAMTRADINVEST PVT LTD S 1642862 1.14
4 1/7/2016 532498 SHRIRAMCIT STEADVIEW CAPITAL MAURITIUS LIMITED S 944208 1630.00
5 1/7/2016 532498 SHRIRAMCIT SBI MUTUAL FUND B 875000 1630.00
6 1/7/2016 532498 SHRIRAMCIT BIRLA SUN LIFE MUTUAL FUND B 719779 1630.00
7 1/7/2016 532498 SHRIRAMCIT ABG CAPITAL S 609765 1630.00
8 1/7/2016 532498 SHRIRAMCIT LTR FOCUS FUND S 555815 1630.00
9 1/7/2016 531499 SYBLY SHREYANS JASWANTLAL SHAH B 500000 7.02
10 1/7/2016 531499 SYBLY VICHITRA TRAVELS PVT. LTD. S 450000 7.01
Corporate Action:
eClerx Services Limited; Annual General Meeting/Dividend Re 1/- Per Share
JSW Steel Limited; Annual General Meeting/ Dividend - Rs 7.50/- Per Share
Tata Sponge Iron Limited; Dividend-Rs 10/- Per Share
UltraTech Cement Limited; Annual General Meeting/ Dividend -Rs 9.50/- Per Share
Radico Khaitan Limited; Annual General Meeting/ Dividend -Re 0.80/- Per Share
Result Calendar:
MCDHOLDING
Corporate Action / Result Calendar

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Research Team
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Kunal Parmar Research Associate
Amit Pathania Research Associate
Vikas Chaudhari Research Associate
Kapil Shah Research Associate
Rajnath Yadav Research Associate
Satish Kumar Research Associate
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Team, email=kapil.shah@choiceindia.com, c=US
Date: 2016.07.04 09:01:07 +05'30'