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Global View
India Update
Today’s Event/ Stock in News
Kolkata-based PVC pipes & transmission towers maker Skipper Ltd on Monday said its board has provided in-principal approval for setting up of
new unit at Guwahati, Assam by investing Rs 70 crore. “The Board of Directors has in-principal approved setting up of a new unit for engineering
products and polymer moulded products at Guwahati, Assam, with an approx investment of Rs 700 million,” Skipper Ltd said in a filing to the
Bombay StockExchange on August 08, 2016. This will be the company’s fourth unit for engineeringproduct and sixth unit for polymer products, it
added.Further,theinstalledcapacityfortheproposedunitwillbe30,000 tonneforengineeringproductand7000 tonneforpolymerproducts.
Technical Outlook: On daily chart, stock has been trading with its strong support of 50 day moving average which is placed at 151.45
level,which shows that near toshort term trend isup. Moreover, volumeactivitywas alsovery appealing with rise in pricewhich indicates
that accentuated buying activity that that took place during last trading session. A momentum indicator RSI reading is at 58.95 level with
positive crossover, which point out for positive breath in the stock. So for trading perspective, one could Buy in range of 158.50-160 for
Targetof163.50withSLof156.90.
SKIPPER
HDFC
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Morning Tea
09th Aug 2016
Buy in range of 1362-1367 for Target of 1395 with SL of 1348
Buy in range of 158.50-160 for Target of 163.50 with SL of 156.90
HDFC Chairman Deepak Parekh and Max Group Chairman Analjit Singh announced a deal merging their life insurance businesses to create what
will eventually be India's largest listed life insurance company with an estimated market value of Rs 67,000 crore once the all-share transaction is
completed in about 12-15 months. The Max promoter group will be paid a non-compete fee of Rs 850 crore over four years. The boards of HDFC
Life,MaxLifeandMaxFinancialServicesapprovedtheschemeofarrangementformergingtheinsurancebusinessesonMonday.
Technical Outlook: Ondailychart,stockhastakensupportof1320level,alevelfromwhere stockgavegoodupsidemovementinpast,so
at this level we are expecting the same upside movement. Moreover, stock has been trading above its 21 day moving average which is
placed at 1352 level which shows that near term trend is up. A momentum indicator RSI reading is at 59.25 level with positive crossover
whichpoint out for positivebreath in the stock. So for trading perspective, one could Buy inrange of 1362-1367 for Target of1395 with SL
of1348.
Asiansharesstoodatopone-yearpeaksonTuesdayasadesperatesearchforyielddrovearecordinflowintoemergingmarketfunds,while
oil prices tried to sustain their latest bounce. Analysts at Bank of America Merrill Lynch noted the search for yield had led to the largest 5-
weekinflow onrecord to emerging market debt fundsandthe longest inflow streak toequity funds in twoyears.MSCI's broadest indexof
Asia-Pacific shares outside Japan gained 0.1 percent having already risen for three sessions in a row. Japan's Nikkei was also attempting a
fourthsessionofgainswithanearlyriseof0.1percent,whileSouthKoreafirmed0.2percent.ThemajordatareleaseinAsiawillbeChinese
inflation due around 0130 GMT. Forecasts are for a slight tick down to 1.8 percent in July, a benign result that would confirm there was
plentyofscopeforfurtherpolicyeasing.TheSGXNiftysuggestsaflatopeningforourmarketsasitistradingat8738.50,Upby7.50points.
Wall Street receded from record highsonMondayasadropinhealthcare stocksoffset gainscausedbyhigheroil prices anda strong jobs report.A
rally to several all-time highs since late June has left the S&P 500 up nearly 7 percent in 2016, with many investors concerned about stretched
valuations. Oil prices rose more than 2 percent after a report last week indicated some OPEC members had called for a freeze in production.
Investors fretted about growing signs that S&P 500 aggregate earnings could decline for a sixth straight quarter. Analysts polled by Reuters expect
third-quarter earnings to fall 0.2 percent, as of Monday. They had estimated a 0.2 percent rise on Aug. 3. The S&P 500 opened at a record high
beforeturningmodestlynegativeandclosingdown0.09percentat2,180.89.TheDowJonesindustrialaverageedgeddown0.08percenttoendat
18,529.29. TheNasdaqCompositedropped0.15percentto5,213.14.
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Morning Tea
09th Aug 2016
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KalyaniInvestmentCompanyLimited;AnnualGeneralMeeting
KalyaniSteelsLimited;AnnualGeneralMeeting
OriconEnterprisesLimited;AnnualGeneralMeeting
LICHousingFinanceLimited;AnnualGeneralMeeting/Dividend-Rs5.50/-PerShare
ApolloSindooriHotelsLimited;InterimDividend-Re1/-PerShare
BhartiInfratelLimited;Dividend-Rs3/-PerShare
HeritageFoodsLimited;AnnualGeneralMeeting/DividendRs3/-PerShare
AshianaHousingLimited;AnnualGeneralMeeting
Result Calendar:
AANANDALAK, ACE, ADANIPORTS, ADANIPOWER, ADHBHUTIN, ALMONDZ, AMDIND, ANUHPHR, APOLLOTYRE,
APTANN, ARCHIES, ARIAC, ASIL, ASTRAZEN, ATULAUTO, BATLIBOI, BHARAT, CENTURYTEX, CHROMATIC, CINELINE,
CONCOR, DCMSHRIRAM, DECCANCE, EDELWEISS,EMCO, ENNORE, FINCABLES, FLEXITUFF, GEOMETRIC, GGDANDE,
GILADAFINS, GITARENEW, GLOBUSSPR, GODREJPROP, GOENKA, GOKEX, GROVY, HBLEAS, HBPOR, HINDMILL,
ICDSLTD, IITL, IITLPROJ, INDAG, INDOASIAF, INSECTICID,INTELLECT, ISTRNETWK, JAGRAN, JAMSHRI, JBMA, JETKINGQ,
JKTYRE, JUBILANT, JUMBO, KANSHST, KARMAENG, KENNAMET, KERALAYUR, KERNEX, KILBURN, KINETICENG,
KIRANPR, KIRANVYPAR, KLBRENG-B, KOFFBREAK, KOPRAN, LUPIN, MAKERSL, MANAPPURAM, MANGTIMBER,
MAXVIL, MAYUKH, MERMETL, MIHIKA, MISHKAFIN, MIVENMACH, MODISNME, MONTECARLO, MOREPENLAB,
MPILCORPL, MUDITFN, NATCOPHARM, NEAGI, NEPTEXP, NITESHEST, NOBLEXP, NSIL, OLYMTFI, OMNITECH,
ORIENTABRA, OZONEWORLD, PAPERPROD, PASUSPG, PATINTLOG, PERFEPA, PFC, PNC,PODARPIGQ, PODDAR,
PRISMCEM, QUANTDIA, QUINTEGRA, RAJPALAYAM, REGTRUS, RKDL, RSWM, RUCHINFRA, SARVOTTAM, SERVALL,
SHEETAL, SHESHAINDS, SHIVKAMAL, SHK, SHREETULSI, SHRMFGC, SHYAMTEL, SIMPLXMIL, SIMPLXPAP, SIMPLXREA,
SKIL, SKYIND, SRAMSET, STEELCAS, SUBEX, SUDAI, SUNDRMFAST, SUNSHIEL, SURATEX, SURYVANSP, SVOGL,
SWASTIKA,SWOEF,TANFACIND,TATAGLOBAL,TAVERNIER,TEAMLEASE,TEATIME,TEXMOPIPES,TRIGYN,TSPIRITUAL,
UCOBANK, UMESLTD, UNITDCR, UNITEDBNK, UPASAFN, VAGHANI, VALIANT, VHL, VISIONCO, VJLAXMIE, VLL,
WEIZFOREX,WEIZMANIND,WELLESLEY,WHEELS,WILLAMAGOR,WINDMACHIN,WIREFABR,WWLEATH,
ZENITHCOMP,ZENITHHE,ZHEMHOLD.
Corporate Action / Result Calendar
Bulk Deal
Security in Ban
Sr. No. Deal Date Script Code Security Name Client Name Deal Type Quantity Price
1 8/8/2016 532814 INDIANB HSBC GLOBAL INVESTMENT FU NDS MAURITIUS S 4247116 200.75
2 8/8/2016 532814 INDIANB HSBC GLOBAL INVESTMENT FUNDS INDIAN EQ B 4247116 200.75
3 8/8/2016 523236 SHRENUJ AFRIN DIA S 2500000 2.61
4 8/8/2016 506146 VIVIDHA SIDHIDHAN COMMODEAL PVT LTD S 1300000 2.51
5 8/8/2016 526025 GLOBUSCON A T INVOFIN INDIA PRIVATE LIMITED S 1100000 18.15
6 8/8/2016 526025 GLOBUSCON JRG FINCORP LIMITED B 1100000 18.15
7 8/8/2016 538365 ADHUNIKIND GYANESHWAR CONSULTANTS LIMITED LIABILIT S 650000 157.00
8 8/8/2016 538365 ADHUNIKIND AVANTIKA ADVISORY SERVICES LLP B 650000 157.00
9 8/8/2016 535466 SRL HIGHPOINT TRADING COMPANY PRIVATE LIMIT S 429600 25.02
10 8/8/2016 535466 SRL SANTOSH BHANSALI B 408000 25.00
JINDALSTEL & WOCKPHARMA
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Research Team
Mr. Sumeet Bagadia Associate Director
Kunal Parmar Sr. Research Associate
Amit Pathania Research Associate
Vikas Chaudhari Research Associate
Kapil Shah Research Associate
Rajnath Yadav Research Associate
Satish Kumar Research Associate
Morning Tea
09th Aug 2016
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: 2016.08.09 08:45:01 +05'30'
