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Registered Office: Kotak Securities Limited, Bakhtawar, 1st floor, 229 Nariman Point, Mumbai 400021 India.
Please see the disclaimer on the last page
January 28, 2008
FOR PRIVATE CIRCULATION
Stock Recommendations
®
Stock Recommendations
Name of the Company
Date of
Latest
Report
Target
Price as on
% upside/
Latest Report
Reco
Price
price
28 Jan 08
(downside)
Buys with at least 10% upside
Strides Arcolab
10-Jan-08
BUY
267
400
183
118.40
Zensar Technologies
23-Oct-07
BUY
181
284
135
110.14
NIIT Technologies
21-Jan-08
BUY
187
307
152
101.97
Alembic Ltd
25-Jan-08
BUY
61
130
66
95.78
Patni Computer
1-Nov-07
HOLD
405
494
263
87.51
Torrent Pharmaceuticals
1-Nov-07
BUY
185
283
153
85.51
Container Corporation (Concor)
18-Oct-07
BUY
1885
2875
1,613
78.22
Hotel Leela Venture
21-Jan-08
BUY
61
84
47
77.78
Gateway Distriparks
9-Jan-08
BUY
158
200
115
73.31
Riddhi Siddhi Gluco Biols
22-Jan-08
BUY
265
390
237
64.70
Subex Azure Ltd
24-Oct-07
BUY
365
446
272
64.18
JBF Industries
18-Jan-08
BUY
190
250
154
61.86
Megasoft
23-Oct-07
BUY
124
167
108
54.77
Everest Kanto Cylinder
22-Jan-08
BUY
295
450
294
52.91
Aventis Pharma
5-Nov-07
HOLD
1,072
1416
939
50.73
KPIT Cummins
21-Jan-08
BUY
108
132
88
49.24
HCL Technologies
18-Jan-08
BUY
273
357
241
48.13
Allcargo Global Logistics (AGL)
31-Oct-07
BUY
970
1175
794
48.01
R Systems International
31-Dec-07
HOLD
132
138
93
47.67
PVR Ltd
24-Jan-08
BUY
261
396
268
47.60
India Cements
17-Jan-08
HOLD
261
302
206
46.64
Nitin Fire Protection Ind
31-Oct-07
BUY
390
650
444
46.41
Balaji Telefilms
24-Jan-08
BUY
260
347
239
45.10
Suzlon Energy
13-Dec-07
BUY
402
456
315
44.81
LIC Housing Finance
22-Jan-08
BUY
283
455
315
44.40
Lupin Limited
23-Jan-08
BUY
500
730
515
41.76
Ranbaxy Laboratories
22-Jan-08
BUY
363
493
350
40.70
Satyam Computers
22-Jan-08
BUY
390
560
399
40.53
Gujarat State Petronet (GSPL)
15-Jan-08
HOLD
94
105
75
40.28
Infosys Technologies
14-Jan-08
BUY
1,580
2004
1,447
38.54
Sunil Hi Tech Engineers
25-Jan-08
BUY
310
450
326
38.14
Tata Consultancy Services (TCS)
17-Jan-08
BUY
945
1178
854
37.91
Indraprastha Gas (IGL)
20-Nov-07
HOLD
166
165
120
37.84
Mather & Platt Pumps
31-Oct-07
HOLD
173
210
153
36.90
Marico Ltd
28-Jan-08
BUY
62
90
66
36.57
Hindustan Times Media (HT Media)
18-Jan-08
HOLD
236
261
192
36.01
Infotech Enterpises
17-Jan-08
BUY
265
338
249
35.99
Kirloskar Oil Engines
21-Jan-08
HOLD
145
174
129
34.99
Punj Lloyd Ltd.
21-Jan-08
BUY
501
624
466
33.92
Panacea Biotec
25-Jan-08
BUY
347
474
356
33.20
Wipro
21-Jan-08
BUY
455
537
406
32.18
Indian Hotels Company
21-Jan-08
BUY
138
180
140
28.39
Blue Star
31-Dec-07
BUY
485
593
462
28.30
Cipla Ltd
25-Jan-08
BUY
175
235
185
27.30
Nicholas Piramal
23-Jan-08
BUY
289
385
305
26.27
Aztec Software
24-Dec-07
HOLD
78
79
63
25.60
Power Finance Corporation
22-Jan-08
BUY
208
245
195
25.58
Siemens
26-Nov-07
HOLD
1,975
2,200
1,754
25.44
Redington India Ltd
25-Jan-08
HOLD
350
440
352
24.84
BHEL
28-Jan-08
BUY
2,165
2600
2,092
24.27
Patel Engineering
6-Dec-07
BUY
806
964
780
23.57
January 28, 2008
Kotak Securities - Private Client Research
Daily Morning Brief
Please see the disclaimer on the last page
For Private Circulation
2
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.
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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
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Registered Office: Kotak Securities Limited, Bakhtawar, 1st floor, 229 Nariman Point, Mumbai 400021 India.
Research Team
Name
Sector
Tel No
E-mail id
Dipen Shah
IT, Media, Telecom
+91 22 6634 1376
Sanjeev Zarbade
Capital Goods, Engineering
+91 22 6634 1258
Teena Virmani
Construction, Cement, Mid Cap
+91 22 6634 1237
Awadhesh Garg
Pharmaceuticals, Hotels
+91 22 6634 1406
Apurva Doshi
Logistics, Textiles, Mid Cap
+91 22 6634 1366
Saurabh Gurnurkar
IT, Media, Telecom
+91 22 6634 1273
Saurabh Agrawal
Metals, Mining
+91 22 6634 1291
Saday Sinha
Banking, Economy
+91 22 6634 1440
Rohit Ledwani
Retail
+91 22 6634 1507
Sarika Lohra
NBFCs
+91 22 6634 1480
Chetan Shet
FMCG, Power
+91 22 6634 1382
Shrikant Chouhan
Technical analyst
+91 22 6634 1439
Kaustav Ray
Editor
+91 22 6634 1223
K. Kathirvelu
Production
+91 22 6634 1557
Stock Recommendations
Name of the Company
Date of
Latest
Report
Target
Price as on
% upside/
Latest Report
Reco
Price
price
28 Jan 08
(downside)
Deccan Chronicle
29-Oct-07
BUY
204
270
219
23.40
Ipca Laboratories
22-Jan-08
HOLD
700
800
650
23.05
Punjab National Bank
25-Jan-08
BUY
617
840
684
22.86
AIA Engineering
1-Nov-07
BUY
1482
1709
1,401
21.99
Geometric Ltd.
16-Jan-08
HOLD
79
85
70
21.78
Voltamp Transformer
26-Dec-07
HOLD
1,685
1850
1,521
21.67
Colgate Palmolive (India) Ltd
19-Dec-07
BUY
390
474
390
21.65
GATI
22-Jan-08
HOLD
142
168
138
21.43
Transport Corporation of India
25-Jan-08
BUY
114
145
119
21.39
Hindustan Dorr Oliver
23-Jan-08
BUY
137
181
150
20.99
Glenmark Pharma
22-Jan-08
BUY
485
610
514
18.69
ICICI Bank
21-Jan-08
BUY
1,245
1505
1,274
18.16
Mphasis BFL
31-Oct-07
HOLD
300
285
242
17.94
Unity Infraprojects
28-Jan-08
BUY
910
1048
890
17.77
Crompton Greaves
31-Oct-07
HOLD
406
430
365
17.66
Vishal retail
25-Jan-08
BUY
709
861
735
17.14
Entertainment Network (ENIL)
25-Jan-08
BUY
462
585
501
16.74
NIIT LTD
22-Jan-08
HOLD
121
137
118
15.86
I-flex Solutions
23-Jan-08
BUY
964
1,230
1,077
14.21
Gujarat Ambuja Exports
23-Jan-08
HOLD
75
85
74
14.17
Numeric Power Systems
7-Nov-07
HOLD
817
825
729
13.25
IVRCL Infrastructure
23-Nov-07
HOLD
466
515
458
12.57
Jubilant Organosys
7-Dec-07
BUY
302
360
323
11.39
Axis Bank (UTI Bank)
10-Jan-08
BUY
1,096
1260
1,139
10.67
Sells with more than 10% downside
Madhucon Projects
19-Nov-07
BPP
360
252
710
(64.52)
Source: Kotak Securities - Private Client Research; Note: BP: Book Profits; BPP: Book Partial Profits
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