Larsen & Toubro's construction arm wins orders worth Rs 3,598 crore across various business segments, including a major order of Rs 1,849 crore from the Telangana government for an irrigation project. Technical analysis indicates L&T stock is in an uptrend and recommends buying in the range of 1545-1552 with a target price of 1585. Aurobindo Pharma is recommended for buying in the range of 758-762 with a target of 777 based on technical indicators showing the stock is in an uptrend. Asian markets open mixed ahead of the important US jobs report while Indian markets are also expected to open mixed.

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Global View
India Update
Today’s Event/ Stock in News
Infrastructure major Larsen & Toubro (L&T) said that its construction arm has won orders worth Rs 3,598 crore across various
business segments. "The construction arm of L&T has won orders worth Rs 3,598 crore across various business segments," L&T
said in a filing to the Bombay Stock Exchange. L&T said its heavy civil infrastructure business, along with its partner, PES Engineers
Pvt Ltd, has won a major order worth Rs 1,849 crore from the Irrigation and Command Area Development Department (I&CAD)
of the Telangana government.
Technical Outlook: On daily chart, stock has given breakout of its flag pattern which is a continuation pattern of contemporary
trend and indicates for robust upside movement. Moreover, stock has been trading above its 50 day moving average which is
placed at 1405.60 level which shows that near to short term trend is up. A momentum indicator RSI reading is at 63.50 level with
positive crossover, which point out for positive breath in the stock. So for trading perspective, one could Buy in the range of
1545-1552 for Target of 1585 with SL of 1529.
LT
AUROPHARMA
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Morning Tea
08th July 2016
Buy in the range of 758-762 for the Target of 777 with the SL of 750
Buy in the range of 1545-1552 for the Target of 1585 with the SL of 1529
A United Nations backed public health organisation on Thursday said it has signed a licencing agreement with six Indian drug
makers to sell generic antiretrovirals (ARV) and the hepatitis C drug Daclatasvir in low and middle-income countries. The
Medicines Patent Pool (MPP) named the Indian manufacturers as: Aurobindo Pharma Ltd, Emcure Pharmaceuticals Ltd, Hetero
Labs Ltd, Laurus Labs Ltd, Lupin Ltd and Zydus Cadila or Cadila Healthcare Ltd. Anti-retroviral drugs are used in the treatment of
patients with human immunodeficiency virus (HIV) infection.
Technical Outlook: On hourly chart, stock has been trading in a higher top higher bottom formation since last eight days and it
seems that stock could likely to continue its ongoing move. Moreover, stock has managed to close above its 50 day moving
average which is placed at 763 level, which shows that short term trend is still up and stock could further accelerates its upside
movement. A momentum indicator RSI reading is at 55.60 level with positive crossover, which point out for positive breath in the
stock So for trading perspective, one could Buy in the range of 758-762 for Target of 777 with SL of 750.
Indian bourses are likely to open mixed tracking Asian peers. SGX Nifty at the time of publishing was down 21.5 points at 8348.
Asian markets traded mixed early on Friday, amid lower oil prices and caution ahead of all-important US June non-farm payrolls
data. The S&P/ASX 200 was flat after initially opening lower, weighed by its energy subindex, which was down 0.3 percent. In
Japan, the Nikkei 225 was up 0.25 percent; while across the Korean strait, the Kospi was lower by 0.18 percent. The Dow Jones
industrial average gave up opening gains, briefly falling 100 points before closing 22.7 points lower. The pan-European STOXX 600
closed off session highs, up 1.05 percent provisionally; while sectors were positive across the board.
Asian markets traded mixed early on Friday, amid lower oil prices and caution ahead of all-important US June non-farm payrolls
data. The S&P/ASX 200 was flat after initially opening lower, weighed by its energy subindex, which was down 0.3 percent. In
Japan, the Nikkei 225 was up 0.25 percent; while across the Korean strait, the Kospi was lower by 0.18 percent. Chinese mainland
markets were lower, with the Shanghai composite down 0.55 percent and the Shenzhen composite slipping 0.1 percent. US crude
prices dropped 4.83 percent to USD 45.14 a barrel on Thursday after an Energy Information Administration (EIA) report showed
stockpiles fell 2.2 million barrels in the week to July 1, far less than the 6.7 million barrel drawdown the American Petroleum
Institute reported on the previous day.

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Bulk Deal
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Morning Tea
08th July 2016
Security in Ban
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Sr. No. Deal Date Script Code Security Name Client Name Deal Type Quantity Price
1 7/7/2016 532775 GTLINFRA GOLDMAN SACHS INVESTMENTS MAURITIUS I S 55380252 2.69
2 7/7/2016 532775 GTLINFRA LINDEN CAPITAL L P B 55380252 2.69
3 7/7/2016 530961 VIKASECO ATHENA MULTITRADE PRIVATE LIMITED S 1500000 14.15
4 7/7/2016 530961 VIKASECO VISARIA MAVJI (HUF) B 1451061 14.15
5 7/7/2016 539725 GOKULAGRO BALVANTSINH CHANDANSINH RAJPUT S 726927 14.98
6 7/7/2016 532669 SBTL SMIFS CAPITAL MARKETS LTD S 331586 12.13
7 7/7/2016 531109 ISHANCH RAJESHKUMAR PATEL S 285100 40.00
8 7/7/2016 531109 ISHANCH SWETSAMSTOCK HOLDING PRIVATE LIMITED B 239944 40.00
9 7/7/2016 534707 ANSHUS PRADEEP NARENDRA BHATT S 235292 4.34
10 7/7/2016 532695 CELEBRITY CHETAN RASIKLAL SHAH B 225000 10.61
Corporate Action:
Dewan Housing Finance Corporation Limited; Final Dividend - Rs 2/- Per Share
Abbott India Limited; Annual General Meeting/Divided - Rs 35/- Per Share
Cairn India Limited; Annual General Meeting/ Dividend - Rs 3/- Per Share
Gujarat Lease Financing Limited; Annual General Meeting
Tata Coffee Limited; Annual General Meeting/Dividend Rs 1.30 Per Share
NELCO Limited; Annual General Meeting
MindTree Limited; Annual General Meeting/Dividend Rs 3/- Per Share
SKF India Limited; Annual General Meeting And Dividend Rs.15/- Per Share
Indian Overseas Bank; Annual General Meeting
Result Calendar:
8KMILES, GARWAMAR, GOKAKTEX, ICSL, SNSTEXTIL & SOUTHBANK
Corporate Action / Result Calendar
JPASSOCIAT

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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
08th July 2016
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Kapil Shah
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email=kapil.shah@choiceindia.com, c=US
Date: 2016.07.08 09:00:10 +05'30'