ChoiceBroking Financial Tips Morning Tea #Buy in the range of 257-259 for the Target of 265 with the SL of 254

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Global View
India Update
Today’s Event/ Stock in News
PackagedconsumergoodsmakerMaricoLtdtodayreportedagrowthof25.8percentinit’sconsolidatednetprofitaftertaxatRs138.44crorefor
the Jan-MarquarterofFY 16. The consolidatednet profitof the FMCG firm stoodatRs 110.04 crore during thecorresponding quarteroflastfiscal,
Marico Ltd said in a filing to the Bombay Stock Exchange on April 29, 2016. Further, its consolidated total income increased 7.2 per cent at Rs
1,334.59croreduringQ4FY16,ascomparedtoRs1,245.01croreduringthesamequarterpreviousfiscal.Duringthequarterunderreview,Marico
reportedagrowthinitsnetsalesatRs1,302.78crore,fromRs1,222.98croreduringthesamequarterayearago,thecompanysaidinastatement.
For the full year, the company has posted its net profit after tax, minority interest & share of profit of associates of Rs 724.79 crore for the year
endedMarch 31,2016,ascomparedtoRs573.46crorefortheyearendedMarch 31,2015.Ontheotherhand,itstotalincomehasalsoincreased
fromRs5,791.87 crorefortheyearendedMarch31,2015toRs6,225.42 crorefortheyearendedMarch31,2016.
Technical Outlook : On daily chart, stock has been trading in a higher top higher bottom formation since last two months. Moreover, recently
stock took support of its 21 day moving average which is placed at 251 level, and has given good bounce back, which is indicating for good upside
movement that can be seen in next few trading session. A momentum indicator RSI reading is at 59.54 level with positive crossover, which point
outforpositivebreathinthestock.Sofortradingperspective,onecouldBuyintherangeof257-259 fortheTargetof265withtheSLof254.
MARICO
FEDERALBNK
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Morning Tea
02nd May 2016
Sell in the range of 45.5-46.5 for the Target of 43.40 with the SL of 47.55
Buy in the range of 257-259 for the Target of 265 with the SL of 254
Private sector lender Federal Bank today reported a 96 percent decline in net profit to Rs 10.26 crore for the fourth quarter ended March 31, due
to higher provisioning. The company had posteda net profit of Rs 280.53 crore in the year ago period. Total income during January-March rose to
Rs 2,253.38 crore from Rs 2,214.28 crore in the year ago period, the company said ina regulatoryfiling. For the full fiscal,profit sharply declined to
Rs486.42 crorefromRs1057.81 crorein2014-15 fiscal.
Technical Outlook:Ondaily chart, stockhasbeen trading belowits100 daymovingaverage which isplacedat49.31 level, which shows that short
to mediumterm trendisdown. Besides, stockhasformedEveningdoji star candlestickpatternwhichisabearishreversal formation and indicating
for downside movement. A momentum indicator RSI reading is at 47.36 level with negative crossover, which point out for negative breath in the
stock.Sofortradingperspective,onecouldSellintherangeof45.50-46.50 fortheTargetof43.40 withtheSLof47.55.
US stocks closed down on Thursday as the Bank of Japan's shocking call to cap monetary stimulus continued to rattle investors while a late day
decline in Apple shares on remarks by billionaire investor Carl Icahn added to selling pressure. The benchmark S&P 500 had its worst day in three
weeks, losing 19.34 points, or 0.92 percent, to 2,075.81, the Dow Jones industrial average fell 210.79 points, or 1.17 percent, to 17,830.76 and the
Nasdaq Composite dropped 57.85 points, or 1.19 percent, to 4,805.29. Nine of the major S&P 500 sectors were lower, with information
technology's 1.4 percent fall leading the decliners. Stocks fell early in the day on the BOJ's decision to hold steady in the face of soft global demand
and a rise in the yen, jarring markets particularly after media reports that the central bank would likely go deeper into negative interest rates. Wall
Streetdippedfurtherlateintheday,ledbyadeclineinApplestock.
Indian equity markets may fall in early trade Monday, tracking weakness in Asian shares, mainly Japan (down 3.6 percent), as a stronger yen
weighed on sentiment. At the time of writing, the SGX Nifty was trading 0.7 percent, or 54.5 points, lower to 7,838. Shares in other Asian markets
remained weak too, with the Hong Kong index falling over 1 percent. Oil prices too fell, as fresh fears of an oversupply led to weakening in
sentiment.GoldinchedtowardstheUSD1300mark,appearingtobreakoutofalong-standingrange.Locally,traderswilleyeearningsreportsfrom
a number of companies, including HDFC and L&T Finance, as well as goings-on in Parliament, where the Budget session is under way. In stocks in
news, a number of shares that reported earnings on Friday, post market close, and on the weekend will be in focus: Federal Bank, InterGlobe
Aviation,OberoiRealtyamongothers.

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Bulk Deal
SEBI Certified – Research Analyst www.choiceindia.com
Morning Tea
02nd May 2016
Security in Ban
SEBI Registered – Research Analyst www.choiceindia.com * Please Refer Disclaimer on Website
Sr. No. Deal Date Script Code Security Name Client Name Deal Type Quantity Price
1 29/04/2016 524470 SYNCOMF SHREE SUPRINIT TRADINVEST PRIVATE LIMITED S 3904973 2.16
2 29/04/2016 524470 SYNCOMF SHREE SUPRINIT TRADINVEST PRIVATE LIMITED B 3904973 2.15
3 29/04/2016 522163 DIAPOWER HONGKONG VICTORY INVESTMENT CO LTD B 502507 45.40
4 29/04/2016 526861 RISHILASE VAISHALI PRAGNESH PANDYA S 248603 31.51
5 29/04/2016 534731 BITL competent textiles pvt ltd S 238162 3.84
6 29/04/2016 538771 PINCON YOUTHVISION COMMODITIES PRIVATE LIMITED S 164229 132.58
7 29/04/2016 526861 RISHILASE VAISHALI PRAGNESH PANDYA B 158219 32.30
8 29/04/2016 534731 BITL SANGEETA NITIN MEHATALIYA S 112912 3.86
9 29/04/2016 534731 BITL SANGEETA NITIN MEHATALIYA B 112912 3.84
10 29/04/2016 539200 NOBPOL MADHAVIBEN DHARMESHBHAI WAGHELA S 105446 8.86
Corporate Action:
Dishman Pharmaceuticals and Chemicals Limited; Bonus 1:1
Result Calendar:
ALICON, ALKALI, AMARSEC, ARSSINFRA, CCL, COMPUAGE, FERVENTSYN, HDFC, IOLCP, L&TFH, LKPFIN,
MAFATIND, MARGOFIN, PARRYSUGAR, PRANAVSP, TBZ, VIKRAMTH & VISHNU.
Corporate Action / Result Calendar

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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
02nd May 2016
SEBI Registered – Research Analyst www.choiceindia.com * Please Refer Disclaimer on Website
Kapil Shah
Digitally signed by Kapil Shah
DN: cn=Kapil Shah, o=Choice Equity Broking Pvt Ttd.,
ou=Research Department,
email=kapil.shah@choiceindia.com, c=IN
Date: 2016.05.02 08:28:28 +05'30'