Morning Tea

09th Feb 2016

Global View
U.S. stocks fell sharply on Monday, extending losses from late last week as a major sell-off on European markets spilled across the Atlantic amid
persisting concerns related to dwindling energy prices and the ramifications of negative interest rates among the world's largest central banks. In
Europe, shares in a host of prominent financial firms plunged, amid concerns related to withdrawals from key markets, a flattening yield curve and
indications of imminent asset write-downs. The sell-off in bank stocks dragged down the major indices overall, as the Stoxx Europe 600, France CAC
40 and Germany Dax all fell by more than 3% on Monday.

India Update
Indian shares will likely be off to a weak start after negative sentiment appears to have again engulfed risk assets. A sell-off in Europe yesterday and
on Wall Street overnight has weighed on Asian markets -- with the Japanese Nikkei falling over 4 percent early this morning. The SGX Nifty in
Singapore is trading 0.7 percent, or 50 points, lower to 7,324. Overnight, the Dow Jones fell about 400 points, before recouping some losses to
close 177 points lower. In focus today are crude oil, which fell about 4 percent in US trade but has now recovered in Asian trade, and the US dollar,
which fell to a 15-month low against the yen. Gold rose to over USD 1190 per ounce.

Todays Event/ Stock in News

POLARIS

Sell in the range of 212-214.50 for the Target of 207 with the SL of 216.50

Digital transformation solutions provider Polaris Consulting and Services has recorded a 6.9 per cent decline in net profit at Rs
36.5 crore for the third quarter to December. Profit stood at Rs 39.3 crore in the same quarter of the previous year, the
Chennai-based company said in a statement. PAT has been impacted due to part provisioning of one-time transaction costs in
relation to the share purchase agreement (SPA) with Virtusa Corporation, Polaris Consulting and Services Chief Financial
Officer N M Vaidyanathan said.
Technical Outlook : On daily chart, stock has formed Indecisive shaped of candlestick which doesnt signify any particular
direction for next trading day. However, stock has been facing resistance at level 215 since last many days, which shows that
weakness might hit the stock in near term. A momentum indicator RSI reading is at 52.83 level with negative crossover, which
point out for negative breath in the stock. So for trading perspective, one could Sell in the range of 212-214.50 for the Target
of 207 with the SL of 216.50.

BOMDYEING

Sell in the range of 49-50 for the Target of 47 with the SL of 51

India's textile behemoth, Bombay Dyeing & Manufacturing Company's standalone net loss widened to Rs.78.15 crore for the
quarter ended December 31, 2015 compared to Rs. 65.93 crore in the corresponding quarter of the previous year and Rs.
65.64 crore in the preceding quarter. The companys standalone revenue stood at Rs. 335.55 crore, down 34.91% yoy and
23.56% qoq.
Technical Outlook : On hourly chart, stock has been continuously trading below its 50 Hours Moving Average, which shows
that near to medium term trend is down. Apart from this, stock has formed Doji shaped of candlestick which is indecisive in
nature, though trend is down, so can expect downside movement from the present level. An hourly momentum indicator RSI
reading is at 49.45 level with negative crossover, which point out for negative breath in the stock. So for trading perspective,
one could Sell in the range of 49-50 for the Target of 47 with the SL of 51.
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Research
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Morning Tea
09th Feb 2016

Corporate Action / Result Calendar

Corporate Action:
Wendt (India) Limited; Interim Dividend - Rs 10/- Per Share
Cholamandalam Investment and Finance Company Limited; Interim Dividend Rs 2.50 Per Share
K.P.R. Mill Limited; Interim Dividend - Rs 5/- Per Share
AVT Natural Products Limited; Interim Dividend - Re 0.20/- Per Share
NCL Industries Limited; Interim Dividend Re 1/- Per Share
Sundaram Finance Limited; Interim Dividend Rs 4.50 Per Share

Result Calendar:

ALBK, APOLLOTYRE, ARCHIES, ASHAPURMIN, AUROLAB, AUROPHARMA, BHARATFORG, BRITANIA,

CENTRALBK, CESC, CRISIL, DENABANK, DFL, DHAMPURSUG, DHANUKA, DREDGECORP, DRREDDY,
DYNAMIND, EMCO, EROSMEDIA, ESSAROIL, FLEXITUFF, GAIL, GMDCLTD, GUJFLUORO, HINDALCO,
JUBILANT, MAGMA, MANDHANA, MAYURUINQ, MOIL, MOTHERSUMI, MRPL, NELCAST, NESCO, NFL,
NITINSPIN, OMAXE, PFC, PNB, PRESTIGE, RAMANEWS, RAMCOCEM, RAMCOIND, RENUKA, SAIL,
SEAMECLTD, SONATASOFT, STCINDIA, TALBROSENG, TIMKEN, VOLTAMP, WALCHANNAG.

Security in Ban

Bulk Deal
Sr. No.
1
2
3
4
5
6
7
8
9
10

Deal Date Script Code

8/2/2016
533181
8/2/2016
533181
8/2/2016
514211
8/2/2016
514211
8/2/2016
511688
8/2/2016
511688
8/2/2016
514211
8/2/2016
514211
8/2/2016
533181
8/2/2016
534757

Security Name
ISFT
ISFT
SUMEETINDS
SUMEETINDS
MATHEWE
MATHEWE
SUMEETINDS
SUMEETINDS
ISFT
FOCUSIRL

Certified Research
Analyst
SEBI Registered
Research
Analyst

Client Name
Deal Type
INTRASOFT BENEFICIARY TRUST
S
UNIVERSITY OF NOTRE DAME DU LAC
B
RAJ KUMAR MISHRA
S
RAJ KUMAR MISHRA
B
INDIA CAPITAL MARKETS PVT LTD
B
UNITED ENTERPRISES
S
SHPL ENTERPRISES PRIVATE LIMITED
B
SHPL ENTERPRISES PRIVATE LIMITED
S
WASHINGTON UNIVERSITY-CHANAKYA CAPITA
B
SHUBHDAYAK PROPERTIES PRIVATE LIMITED
S

www.choiceindia.com

Quantity
1200000
459608
420707
420707
299000
298812
292547
290774
257413
256621

Price
288.16
288.00
12.82
12.62
108.80
108.80
12.91
13.26
288.00
11.18

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on Website

Morning Tea
09th Feb 2016

Contact Us

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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

customercare@choiceindia.com

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Disclaimer
This is solely for information of clients of Choice Broking and does not construe to be an investment advice. It is also not intended as an offer or solicitation for the purchase and sale of any financial
instruments. Any action taken by you on the basis of the information contained herein is your responsibility alone and Choice Broking its subsidiaries or its employees or associates will not be liable in
any manner for the consequences of such action taken by you. We have exercised due diligence in checking the correctness and authenticity of the information contained in this recommendation, but
Choice Broking or any of its subsidiaries or associates or employees shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the
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
future price and market movements. Technical analysis is complementary to fundamental analysis and news sources. The recommendations issued herewith might be contrary to recommendations
issued by Choice Broking in the company research undertaken as the recommendations stated in this report is derived purely from technical analysis. Choice Broking has based this document on
information obtained from sources it believes to be reliable but which it has not independently verified; Choice Broking makes no guarantee, representation or warranty and accepts no responsibility
or liability as to its accuracy or completeness. The opinions contained within the report are based upon publicly available information at the time of publication and are subject to change without
notice. The information and any disclosures provided herein are in summary form and have been prepared for informational purposes. The recommendations and suggested price levels are intended
purely for trading purposes. The recommendations are valid for the day of the report however trading trends and volumes might vary substantially on an intraday basis and the recommendations may
be subject to change. The information and any disclosures provided herein may be considered confidential. Any use, distribution, modification, copying, forwarding or disclosure by any person is
strictly prohibited. The information and any disclosures provided herein do not constitute a solicitation or offer to purchase or sell any security or other financial product or instrument. The current
performance may be unaudited. Past performance does not guarantee future returns. There can be no assurance that investments will achieve any targeted rates of return, and there is no guarantee
against the loss of your entire investment.
POTENTIAL CONFLICT OF INTEREST DISCLOSURE (as on date of report) Disclosure of interest statement Analyst interest of the stock /Instrument(s): - No. Firm interest of the stock /
Instrument (s): - No.

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Analyst
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Analyst

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