L&T Finance Holdings reported a 7.8% increase in consolidated net profit to ₹207.4 crore for Q1 2016, with total income rising 15.5% to ₹2030.73 crore. Power Grid Corporation approved a ₹2,731 crore investment for various projects, and global markets showed positive momentum with Australia's ASX 200 and Japan's Nikkei 225 gaining amidst better-than-expected export data. Wall Street also rose, marking a strong week for stocks driven by telecom sector strength, with the S&P and Dow reaching new record highs.

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Global View
India Update
Today’s Event/ Stock in News
L&T Finance Holdings has today reported a growth of 7.8 per cent in the consolidated net profit at Rs 207.4 crore for the first quarter ended June
30, 2016. It had registered a net profit of Rs 192.46 crore in the same quarter a year ago, the company said in a filing to the Bombay Stock
Exchange. During the quarter under review, total income of the company increased 15.5 per cent to Rs 2030.73 crore from Rs 1758.4 crore in the
same quarter a year ago. According to the filing, net NPA of the company has decreased to 3.13 per cent in the said quarter from 4.43 per cent in
thepreviousfiscal.
Technical Outlook: On daily chart, stock has bullish engulfing candlestick with above average volume, which indicates that robust upside
movement canbe seeninfew trading sessions.Moreover,stock has managed to close aboveits 50 day movingaveragewhichis placedat
75.94 level, which shows that near to short term trend is up. A momentum indicator RSI reading is at 51.72 level with positive crossover,
whichpointoutforpositivebreathinthestock.Sofor tradingperspective,one couldBuyinrangeof75.50-77 forTargetof79.50withSLof
74.20.
L&TFH
POWERGRID
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Morning Tea
25th July 2016
Buy in range of 164-166 for Target of 170 with SL of 162
Buy in range of 75.50-77 for Target of 79.50 with SL of 74.20
Power Grid Corporation has approved investment of Rs 2,731 crore in various projects, including setting up of a transmission system for
solarparkatBhadlainRajasthanfor Rs1,429.38crore.Theboardof the companyapprovedasmanyas11proposalsinitsmeetingheldon
July20,PowerGridsaidinafilingtotheBombayStockExchange.
Technical Outlook: On daily chart, stock has formed bullish harami candlestick with above average volume, which indicates for upside
movement from thepresent level.Moreover, stock has beencontinuously trading withits strong supportof 21 day moving average which
is placed at 162.60 level, which shows that near term trend is up. A momentum indicator RSI reading is at 58.65 level and about to make
positive crossover,whichpointout for positivebreathinthe stock. Sofor tradingperspective,one couldBuyinrange of164-166 for Target
of170withSLof162.
Asia markets opened higher on Monday, as traders eye key central bank meetings in the US and Japan due later in the week. Australia's
ASX 200 was up 0.56 percent in early trade, boosted by a 0.64 percent increase in the heavily-weighted financials sub-index. In South
Korea, the Kospi was up 0.40 percent. In Japan, the Nikkei 225 gained 0.32 percent, with markets reacting to better-than-expected
export data released before market open. Japan's exports for June fell 7.4 percent on-year, the ninth consecutive monthly fall, according
to Reuters, but it was a better than the forecast of 11.6 percent drop from a Reuters poll of economists. In volume terms, exports rose
2.9 percent in June on-year, the first increase in four months, reported Reuters. Imports fell 18.8 percent on-year, slightly better than the
forecast of 19.7 percent decline. The trade balance was at a surplus of 692.8 billion yen, compared with a 494.8 billion yen surplus
expected, said Reuters. Investors will also be eyeing the Bank of Japan's (BOJ) two-day monetary policy meeting due to start on July 28,
with markets expecting additional fiscal and monetary stimulus to jump-start the country's anemic growth. The SGX Nifty suggests a flat
opening for our markets as it is trading at 8559.00, up by 2.00 points.
Wall Street rose on Friday, clinching the fourth straight positive week for the stock market, boosted by strength in telecom stalwarts
AT&T and Verizon. A US manufacturing report also came in above expectations, building on upbeat data from earlier in the month.
Gains were limited by weakness in reports from industrial companies including General Electric. The S&P and Dow have broken to all-
time records in the past two weeks for the first time in more than a year amid a better-than-feared corporate earnings season. The S&P
closed at another record high on Friday. The Dow Jones industrial average rose 53.62 points, or 0.29 percent, to 18,570.85, the S&P 500
gained 9.86 points, or 0.46 percent, to 2,175.03 and the Nasdaq Composite added 26.26 points, or 0.52 percent, to 5,100.16.

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Morning Tea
25th July 2016
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Corporate Action:
Bharat Forge Limited; Dividend - Re 0.50/- Per Share
WABCO India Limited; Dividend Rs.6/- Per Share
Vinati Organics Limited; Annual General Meeting/ Dividend -Re 0.50/- Per Share
Teamlease Services Limited; Annual General Meeting
Tata Consultancy Services Limited; Interim Dividend - Rs 6.50/- Per Share
Lupin Limited; Annual General Meeting/ Dividend -Rs 7.50/- Per Share
Kesar Terminals & Infrastructure Limited; Dividend - Re 1/- Per Share
New Delhi Television Limited; Annual General Meeting
Nava Bharat Ventures Limited; Annual General Meeting/ Dividend - Rs 3/- Per Share
Gandhi Special Tubes Limited; Annual General Meeting
Esab India Limited; Annual General Meeting/ Dividend -Re 1/- Per Share
EIH Associated Hotels Limited; Annual General Meeting/Dividend Re 1/- Per Share
Result Calendar:
AMRITCORP, ASAL, BAJAJCORP, CANBK, DHRUVES, EIMCOELECO, EVEREADY, GANECOS, GEMSPIN,
GHCL, GREENPLY, HIMIN, HINDOILEXP, HITACHIHOM, IBULHSGFIN, JKPAPER, KGDENIM, KICL,
KPRMILL, KSL, MAHSCOOTER, MERCK, MYSOREBANK, NAUKRI, NAVINFLUOR, NEIL, NELCO,
ORIENTHOT, PEOPLIN, PINCON, PIONRINV, RANEENGINE, SHANTIGEAR, SML, STRTECH, SUBSM,
SUMEETINDS, SUPPETRO, SWISSGLA, TATASPONGE, TEXINFRA, TEXRAIL, TRIL, TRITON, VINTRON,
WELCURE, WHELTEX.
Corporate Action / Result Calendar
Bulk Deal
Security in Ban
Sr. No. Deal Date Script Code Security Name Client Name Deal Type Quantity Price
1 22/07/2016 539141 UFO 3I RESEARCH (MAURITIUS) LIMITED S 2664879 536.24
2 22/07/2016 524370 BODALCHEM JAYANTI DAHYABHAI PATEL B 1500000 106.00
3 22/07/2016 524370 BODALCHEM BANSIBHAI MAGANBHAI PATEL S 1500000 106.00
4 22/07/2016 539141 UFO DSP BLACKROCK MUTUAL FUND - DSP BLACKRO B 594481 536.10
5 22/07/2016 531638 SURAJLTD MANUSI SECURITIES PRIVATE LIMITED S 336299 44.40
6 22/07/2016 526735 EXCAST VALLABHJI SURJI THACKER S 262100 4.87
7 22/07/2016 526735 EXCAST VALLABHJI SURJI THACKER B 257273 4.89
8 22/07/2016 539141 UFO MNYL LIFE MAKER INV PLAN - ENDOWMENT FD B 230000 536.10
9 22/07/2016 539141 UFO SBI MUTUAL FUND B 208000 536.10
10 22/07/2016 539141 UFO RELIANCE CAPI TRUSTEE CO. LTDA/C RELIANCE B 200000 536.10
BANKINDIA, CANBK, IBREALSEST, INDIACEM, JINDALSTEL, JPASSOCIAT, KSCL, ORIENTBANK,
PNB, RCOM & WOCKPHARMA

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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
25th July 2016
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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: 2016.07.25 08:33:59 +05'30'