Religare Morning · PDF fileReligare Morning Digest June 28 ... Net sales increased ... we expect the company to post healthy growth in the coming years. The company has tied up with

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Religare Morning Digest
June 28, 2017
Nifty Outlook
VWAP (Expiry till date) Max OI (Call) Max OI (Put)
NIFTY 9630 9600 9500
Markets started the expiry week on feeble note and lost over half a percent. It opened with an uptick but could not sustain for long as selling pressure reemerged. Similar trend was witnessed on the broader front too and the market breadth settled on the negative side.
Its anxiety ahead of the GST implementation which induced participants to book profit. Also, market has nothing to cheer about from the PMs US meet so far. Amid all, Nifty breached decisive support around 9550 and now likely to decline further. We suggest keeping hedged positions and prefer index majors for short term trading. Next major support is at 9400 in Nifty.
Sectors to watch
Sector Name Outlook
AUTO STABLE
FMCG STABLE
IT WEAK
News
Religare Super Ideas**
FII & DII Cash Segment (Rs. in Cr.) Trade Stats
Category Amt. MTD FYTD
FII 270 -2278 -9360
DII -46 4713 18236
NO OF CON-
TRACTS
TURNOVER IN CR
IDXFUTS 471694 36531
IDXOPT 8090959 650735
STKFUTS 1477898 100125
Derivative Ideas **
The US Food and Drug Administration completed inspection of Aurobindo Pharmas unit 7 based in Hyderabad. It issued zero observations to this formulation manufacturing facility located in SEZ.
The banking stocks fell sharply after news that Reserve Bank of India (RBI) has directed banks to keep higher provisions (at least 50% of the loan amount) for accounts referred to bankruptcy courts. This move could hurt banks earnings substantially with government-owned banks likely to be worst affected as they hold the chunk of defaulted loans in India. Stocks like PNB, BOB, Corporation Bank, Canara Bank, Andhra Bank and SBI fell by 3-5%.
Pioneer Distilleries ended higher by 5% after the company received eligibility certificate entitling it to a subsidy of Rs 119cr under mega subsidy phase II project from the Government of Maharashtra under Package Scheme of Incentives, 2007.
*FII & DII data as on 23rd June 2017
Scrip Buy/Sell CMP Initiation
Range SL* Target
HAVELLS BUY 470.10 467-470 458 496
IDFC SELL JULY
FUTS 55.15 56-57 59 51
**Please note that the given technical and derivative recommendations are
"valid for taking position" only on recommended date and in the given range.
*Please note - Stoploss is on closing basis for delivery recommendation and intraday basis for futures recommendation.
Instrument B/S Lot INITIATION
RANGE SL
TAR-GET
GSFC SELL
FUTS 4500 118-119 123 108

June 28, 2017
Religare Super Ideas
Investment Pick - Manpasand Beverages
Manpasand Beverages reported steady set of numbers for Q4FY17. Net sales increased by 28.6%, while Net profit was up by 22.4% on YoY basis. With doubling
of capacity in the next 12-18 months, entry in new markets and launch of new brands, we expect the company to post healthy growth in the coming years.
The company has tied up with Parle Agro to cross promote their brands. This will give it access to 4.5 mn outlets pan-India, which will further enhance
Manpasand's reach geographically. We reiterate our Buy recommendation on the stock with a target of Rs. 891.
Scrip CMP Target Duration Recommendation Price
MANPASAND 765.5 891 9-12 Months 798
GSFC added around 8% of open interest as short
positions. On charts, it has fresh witnessed
breakdown from Head & Shoulder pattern on daily
charts with noticeable rise in volumes. Current chart
pattern and derivatives data suggest further decline
in coming sessions. Hence, we suggest shorting
GSFC July futures as per levels given below.
Strategy: SELL GSFC JULY FUTS BETWEEN 118-119,
SL 123, TARGET 108.
Derivative Ideas
Havells India Limited (HAVELLS) IDFC Limited (IDFC)
HAVELLS has rebounded today i.e. on May 27 after
retesting the support area around 455 and looks
upbeat to continue this recovery ahead also.
Traders can use any intraday dip to go long in the
given range.
IDFC has breached the support zone of multiple
moving averages, after breakdown from a
distribution pattern. All indications are in the
favour of further decline in near term. Use any
bounce to create fresh shorts in the mentioned
range.

June 28, 2017
Religare Investment Calls
Name of the Company Reco Date Reco Price Target Price Upside % Previous day Closing Price
Nandan Denim 5-Jan-16 150 183 22.0% 128.2
Atul Auto 22-Mar-16 506 580 14.6% 406.1
Cigniti Technologies Ltd. 5-Oct-16 419 538 28.3% 311.1
Fiem Industries 26-Dec-16 1,089 1,315 20.8% 880.2
Greenply Industries 3-Feb-17 268 304 13.4% 268.1
Arman Financial Services 22-Feb-17 226 340 50.0% 191.3
Berger Paints (I) Ltd 15-Mar-17 230 273 18.7% 241.6
Mayur Uniquoters Ltd 18-Apr-17 380 478 25.8% 364.8
CRISIL 26-Apr-17 1,911 2,540 32.9% 1,920.8
Zee Entertainment Enterprises 12-May-17 530 592 11.6% 491.8
Force Motors 17-May-17 4,497 5,210 15.9% 4,247.4
Indo Count Industries Ltd. 17-May-17 198 240 21.2% 165.6
Bajaj Finance Ltd 22-May-17 1,268 1,454 14.7% 1,350.0
SML Isuzu 25-May-17 1,247 1,525 22.3% 1,232.4
Sutlej Textiles 29-May-17 902 1,032 14.5% 901.7
Jain Irrigation Systems Ltd. 30-May-17 97 125 28.8% 102.7
Srikalahasthi Pipes Ltd 30-May-17 320 416 29.7% 330.2
Wonderla Holidays 31-May-17 378 430 13.7% 365.4
Tv Today Network 2-June-17 263 335 27.3% 242.9
The Byke Hospitality 6-June-17 190 242 27.4% 185.8
Mold-Tek Packaging Limited 7-June-17 274 340 24.1% 280.9
Talwalkars Better Value Fitness 12-June-17 277 328 18.3% 288.0
Castrol India 20-June-17 412 463 12.3% 406.4
Manpasand Beverages 21-June-17 798 891 11.7% 765.5

June 28, 2017
Corporate Action Calendar June 2017 (Final Dividend)
Sun Mon Tue Wed Thu Fri Sat
25 26 27
CAPITAL FIRST LTD.
28
INDIAN HUME PIPE CO.LTD.
29
CENTUM ELECTRONICS LTD.
EASTERN TREADS LTD.
GULSHAN POLYOLS LTD.
NUCLEUS SOFTWARE EXPORTS LTD.
STERLITE TECHNOLOGIES LTD.
30
HERO MOTOCORP LTD.
01
Corporate Action Calendar June 2017 (Dividend)
25 26 27
APOLLO TYRES LTD.
28
ELNET TECHNOLOGIES LTD.
29
HDFC Bank Ltd
30
JSW Energy Ltd
TATA COFFEE LTD.
01
Corporate Action Calendar June 2017 (Buy Back of Shares)
25 26 27 28
ENGINEERS INDIA LTD.
29
NUCLEUS SOFTWARE EXPORTS LTD.
SKP SECURITIES LTD.
30 01

June 28, 2017
Current Portfolio and Performance Summary as on 27th June17
Stock Sector Entry Date Weight Reco price (`) CMP (`)
Emami Consumer Goods August 3, 2016 9.0% 1,151 1,074
Castrol India Energy August 5, 2016 9.2% 425 406
Sml Isuzu Auto February 6, 2017 9.4% 1,265 1,232
Amara Raja Batteries Auto March 22, 2017 10.9% 868 839
Power Grid Corporation of India
Energy April 12, 2017 11.6% 200 206
Bajaj Finance Financial Services May 5, 2017 11.1% 1,292 1,350
TV Today Network Media & Ent. May 10, 2017 9.2% 279 243
Tata Motors Auto May 26, 2017 9.4% 475 442
Capital First Financial Services May 26, 2017 9.4% 705 657
Cash 10.9%
Total 100%

June 28, 2017
Historical Performance as on 27th June17
Performance Matrix 1-Month 3-Month 6-Month 1-Year Since Inception
Religare Alpha -2.7% 6.6% 16.4% 13.1% 32.7%
Nifty -0.9% 5.2% 18.4% 17.5% 20.6%
Outperformance -1.8% 1.4% -2.0% -4.4% 12.1%

June 28, 2017
Research Product Basket
For cash market trading
Call / Product Call Frequency No. of calls Avg open call duration % funds allocated
Intraday Calls Intraday 2 - 3 < 1 day 25%
Live / RMD Calls Daily 3 - 4 3 - 4 days 30%
Master Pick Weekly 1 1 month 15%
Religare Alpha Opportunity NA 2 - 3 months 20%
Cash NA 10%
For 1L margin*
Total Per Call
25,000 8,000
30,

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Religare Morning · PDF fileReligare Morning Digest June 28 ... Net sales increased ... we expect the company to post healthy growth in the coming years. The company has tied up with