Docstoc

StockReco20october2008

Document Sample
StockReco20october2008 Powered By Docstoc
					STOCK RECOMMENDATIONS

PRIVATE CLIENT RESEARCH OCTOBER 20, 2008

Stock Recommendations
Name of the Company Date of Latest Report Latest Reco Report Price Target price* Price as on 20 Oct 08 % upside/ (downside)

Banking Allahabad Bank Andhra Bank Axis Bank (UTI Bank) Bank of Baroda HDFC Bank ICICI Bank Indian Bank Indian Overseas Bank Jammu & Kashmir Bank Punjab National Bank Union Bank of India Capital Goods & Engineering ABB AIA Engineering Areva T&D Bharat Bijlee Bharat Electronics BHEL Blue Star Crompton Greaves Cummins India Everest Kanto Cylinder Hindustan Dorr Oliver Kirloskar Oil Engines Larsen & Toubro Nitin Fire Protection Ind Numeric Power Systems Siemens India Suzlon Energy Thermax Voltamp Transformer Voltas Ltd Cement ACC India Cements Shree Cement UltraTech Cement Construction BGR Energy Systems Era Infra Engineering IVRCL Infrastructure Madhucon Projects Nagarjuna Construction Patel Engineering Punj Lloyd Ltd Simplex Infrastructures Sunil Hi Tech Engineers Unity Infraprojects

1-Sep-08 1-Sep-08 14-Oct-08 1-Sep-08 17-Oct-08 6-Aug-08 1-Sep-08 29-Jul-08 31-Jul-08 22-Aug-08 1-Sep-08

REDUCE ACCUMULATE BUY BUY BUY BUY BUY BUY BUY BUY BUY

63 56 660 284 1,093 694 127 93 488 446 143

77 81 845 336 1350 939 169 142 670 617 196

56 54 617 316 1,098 415 135 95 410 501 157

37.0 50.0 37.1 6.4 23.0 126.5 25.2 49.1 63.4 23.3 25.2

28-Jul-08 8-Sep-08 31-Jul-08 6-Aug-08 26-Sep-08 22-Jul-08 29-Jul-08 24-Jul-08 17-Sep-08 31-Jul-08 25-Aug-08 8-Aug-08 16-Oct-08 25-Sep-08 7-Oct-08 18-Aug-08 18-Aug-08 18-Aug-08 1-Aug-08 22-Jul-08

REDUCE BUY REDUCE REDUCE BUY BUY BUY BUY BUY BUY BUY REDUCE BUY BUY BUY REDUCE REDUCE ACCUMULATE BUY BUY

833 315 1656 1,228 888 1,506 373 257 292 292 99 88 893 270 370 557 241 490 758 122

900 374 1725 1400 1275 1900 560 310 358 360 162 96 1209 500 950 550 241 540 1350 168

650 208 885 800 675 1,098 210 168 242 188 45 55 820 146 345 284 86 297 400 70

38.5 79.8 94.9 75.0 89.0 73.0 166.7 84.6 47.9 91.5 258.0 74.5 47.5 242.5 175.4 94.0 180.7 81.8 237.4 141.7

21-Aug-08 18-Aug-08 18-Aug-08 20-Oct-08

REDUCE ACCUMULATE ACCUMULATE REDUCE

567 152 632 375

614 170 725 454

467 88 470 365

31.5 94.0 54.3 24.4

29-Sep-08 7-Aug-08 10-Sep-08 8-Oct-08 10-Sep-08 7-Aug-08 25-Sep-08 28-Aug-08 14-Aug-08 7-Aug-08

BUY BUY BUY BUY BUY BUY BUY BUY BUY BUY

255 105 310 125 133 427 292 471 193 425

349 127 460 374 188 604 484 689 335 744

166 78 131 66 49 167 168 250 87 182

110.2 64.1 250.3 466.7 282.1 262.5 188.1 175.5 283.1 308.7

STOCK RECOMMENDATIONS

October 20, 2008

Stock Recommendations
Name of the Company Date of Latest Report Latest Reco Report Price Target price* Price as on 20 Oct 08 % upside/ (downside)

Food Processing Gujarat Ambuja Exports (GAEL) Riddhi Siddhi Gluco Biols Hotels Hotel Leela Venture Indian Hotels Company Information Technology Aztec Software Geometric Ltd HCL Technologies Infosys Technologies Infotech Enterpises KPIT Cummins Megasoft Mphasis BFL NIIT LTD NIIT Technologies Oracle Financial Services Software Patni Computer R Systems International Satyam Computers Subex Azure Ltd Tata Consultancy Services (TCS) Wipro Technologies Zensar Technologies Logistics Allcargo Global Logistics (AGL) Container Corporation (Concor) Gateway Distriparks GATI Redington India Ltd Transport Corporation of India Mundra Port & Special Economic Zone Media Balaji Telefilms Deccan Chronicle Entertainment Network (ENIL) Hindustan Times Media (HT Media) Jagran Prakashan PVR Ltd UTV Software Communication Zee Entertainment Enterprises Zee News Ltd Metals & Mining Sesa Goa 17-Oct-08 BUY 84 156 80 94.4 20-Aug-08 30-Jul-08 5-Aug-08 1-Aug-08 30-Jul-08 26-Sep-08 10-Oct-08 16-Sep-08 16-Sep-08 BUY BUY BUY BUY BUY BUY REDUCE ACCUMULATE BUY 173 111 290 110 65 161 690 217 46 220 153 400 138 100 240 646 254 59 96 53 185 80 59 104 620 146 31 129.2 186.8 116.1 73.6 69.5 130.8 4.2 74.0 92.2 25-Jul-08 17-Oct-08 28-Jul-08 5-Aug-08 18-Sep-08 30-Jul-08 18-Sep-08 BUY BUY BUY BUY BUY BUY BUY 797 715 85 82 265 80 494 1000 1100 135 120 400 125 716 730 715 78 36 197 47 413 37.0 53.8 74.2 231.5 103.0 164.3 73.3 25-Jul-08 5-Aug-08 16-Oct-08 13-Oct-08 9-Sep-08 21-Jul-08 12-Aug-08 20-Oct-08 18-Aug-08 17-Oct-08 18-Aug-08 18-Aug-08 30-Jul-08 20-Oct-08 30-Jul-08 10-Oct-08 19-Aug-08 28-Jul-08 REDUCE REDUCE ACCUMULATE BUY BUY BUY BUY ACCUMULATE ACCUMULATE ACCUMULATE ACCUMULATE REDUCE BUY BUY REDUCE BUY ACCUMULATE BUY 67 56 160 1,260 227 57 72 175 91 76 1,341 229 87 268 79 535 432 142 75 63 221 1645 288 81 120 215 115 143 1,362 300 133 402 126 1050 480 247 41 29 175 1,320 150 27 33 185 31 70 450 165 46 294 42 504 286 86 84.0 116.9 26.4 24.6 91.7 197.8 267.5 16.2 277.0 104.3 202.7 81.8 192.3 36.7 202.2 108.3 67.6 187.2 1-Aug-08 28-Jul-08 BUY BUY 32 85 52 171 27 59 91.2 192.3 31-Jul-08 26-Sep-08 BUY BUY 38 210 70 350 25 170 175.0 105.9

Kotak Securities - Private Client Research

For Private Circulation

2

STOCK RECOMMENDATIONS

October 20, 2008

Stock Recommendations
Name of the Company Date of Latest Report Latest Reco Report Price Target price* Price as on 20 Oct 08 % upside/ (downside)

NBFCs HDFC LIC Housing Finance Power Finance Corporation SREI Infrastructure Finance IDFC Oil & Gas Gujarat State Petronet (GSPL) Indraprastha Gas (IGL) Petronet LNG Pharmaceuticals Alembic Ltd Cipla Ltd Glenmark Pharma Ipca Laboratories Jubilant Organosys Lupin Limited Opto Circuits India Ltd Panacea Biotec Pfizer India Piramal Healthcare Ranbaxy Laboratories Strides Arcolab Torrent Pharmaceuticals Power NTPC Retail Provogue (India) Ltd Textiles JBF Industries 31-Jul-08 BUY 96 150 61 146.3 1-Jul-08 BUY 181 220 64 246.2 11-Sep-08 BUY 178 218 154 41.8 30-Jul-08 1-Sep-08 12-Sep-08 28-Jul-08 16-Oct-08 19-Sep-08 22-Sep-08 23-Sep-08 3-Oct-08 25-Jul-08 24-Sep-08 23-Jul-08 30-Jul-08 BUY REDUCE BUY BUY BUY BUY BUY BUY BUY BUY ACCUMULATE BUY BUY 42 240 655 538 181 722 295 225 565 298 309 147 170 93 248 791 800 412 900 463 474 681 365 423 330 283 31 193 478 480 170 640 142 193 503 231 266 123 142 200.5 28.2 65.5 66.7 142.4 40.6 226.5 145.6 35.4 57.8 58.8 168.3 99.2 1-Oct-08 23-Jul-08 22-Jul-08 BUY BUY BUY 46 107 55 60 150 90 37 106 39 62.4 41.5 128.1 20-Oct-08 5-Sep-08 27-Aug-08 30-Sep-08 3-Oct-08 BUY ACCUMULATE BUY BUY ACCUMULATE 1800 338 132 62 72 2506 377 185 140 103 1,885 225 111 53 52 32.9 67.4 66.7 164.2 97.1

Source: Kotak Securities - Private Client Research

* All recommendations are with a 9-12 month perspective from the date of the report/update. Investors are requested to use their discretion while deciding the timing, quantity of investment as well as the exit.

Kotak Securities - Private Client Research

For Private Circulation

3

STOCK RECOMMENDATIONS

October 20, 2008

Research Team
Dipen Shah IT, Media dipen.shah@kotak.com +91 22 6621 6301 Sanjeev Zarbade Capital Goods, Engineering sanjeev.zarbade@kotak.com +91 22 6621 6305 Teena Virmani Construction, Cement, Mid Cap teena.virmani@kotak.com +91 22 6621 6302 Awadhesh Garg Pharmaceuticals, Hotels awadhesh.garg@kotak.com +91 22 6621 6304 Apurva Doshi Logistics, Textiles, Mid Cap doshi.apurva@kotak.com +91 22 6621 6308 Saurabh Gurnurkar IT, Media saurabh.gurnurkar@kotak.com +91 22 6621 6310 Saurabh Agrawal Metals, Mining agrawal.saurabh@kotak.com +91 22 6621 6309 Saday Sinha Banking, Economy saday.sinha@kotak.com +91 22 6621 6312 Sarika Lohra NBFCs sarika.lohra@kotak.com +91 22 6621 6313 Siddharth Shah Telecom siddharth.s@kotak.com +91 22 6621 6307 Shrikant Chouhan Technical analyst shrikant.chouhan@kotak.com +91 22 6621 6360 K. Kathirvelu Production k.kathirvelu@kotak.com +91 22 6621 6311

Disclaimer
This document is not for public distribution and has been furnished to you solely for your information and must not be reproduced or redistributed to any other person. Persons into whose possession this document may come are required to observe these restrictions. This material is for the personal information of the authorized recipient, and we are not soliciting any action based upon it. This report is not to be construed as an offer to sell or the solicitation of an offer to buy any security in any jurisdiction where such an offer or solicitation would be illegal. It is for the general information of clients of Kotak Securities Ltd. It does not constitute a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual clients. We have reviewed the report, and in so far as it includes current or historical information, it is believed to be reliable though its accuracy or completeness cannot be guaranteed. Neither Kotak Securities Limited, nor any person connected with it, accepts any liability arising from the use of this document. The recipients of this material should rely on their own investigations and take their own professional advice. Price and value of the investments referred to in this material may go up or down. Past performance is not a guide for future performance. Certain transactions -including those involving futures, options and other derivatives as well as non-investment grade securities involve substantial risk and are not suitable for all investors. Reports based on technical analysis centers on studying charts of a stock's price movement and trading volume, as opposed to focusing on a company's fundamentals and as such, may not match with a report on a company's fundamentals. Opinions expressed are our current opinions as of the date appearing on this material only. While we endeavor to update on a reasonable basis the information discussed in this material, there may be regulatory, compliance, or other reasons that prevent us from doing so. Prospective investors and others are cautioned that any forward-looking statements are not predictions and may be subject to change without notice. Our proprietary trading and investment businesses may make investment decisions that are inconsistent with the recommendations expressed herein. Kotak Securities Limited has two independent equity research groups: Institutional Equities and Private Client Group. This report has been prepared by the Private Client Group . The views and opinions expressed in this document may or may not match or may be contrary with the views, estimates, rating, target price of the Institutional Equities Research Group of Kotak Securities Limited. We and our affiliates, officers, directors, and employees world wide may: (a) from time to time, have long or short positions in, and buy or sell the securities thereof, of company (ies) mentioned herein or (b) be engaged in any other transaction involving such securities and earn brokerage or other compensation or act as a market maker in the financial instruments of the company (ies) discussed herein or act as advisor or lender / borrower to such company (ies) or have other potential conflict of interest with respect to any recommendation and related information and opinions. The analyst for this report certifies that all of the views expressed in this report accurately reflect his or her personal views about the subject company or companies and its or their securities, and no part of his or her compensation was, is or will be, directly or indirectly related to specific recommendations or views expressed in this report. No part of this material may be duplicated in any form and/or redistributed without Kotak Securities' prior written consent. Registered Office: Private Client Research Bakhtawar, 1st floor, 229 Nariman For Private Circulation Kotak Securities - Kotak Securities Limited, Point, Mumbai 400021 India.

4


				
DOCUMENT INFO
Shared By:
Categories:
Tags:
Stats:
views:105
posted:10/21/2008
language:English
pages:4