Stock calls -10/12/2007

1. Prefer Media & Entertainment stocks for a period of 12- 18 months, such as
a) Adlabs
b) PVR
c) WWIL
d) Inox
e) UTV
f) Balaji Telefilms
g) Network 18

2. REL can see an upside of 10-15% on account of Reliance power IPO hitting the market in Jan

3. GMR is coming out with power IPO.This will have positive effect on GMR infra.
GMR has also forayed into SEZ and ports.In short term,stock may correct as it has run up
from 180 levels.Stay invested and reap rewards in form of value unlocking.

4. TATA STEEL is looking good for medium term.Short term,this stock might correct 7-10%.
Buy on dips for medium term target of 985-995

5. ALOK INDUSTRIESThis stock is range bound b/w72-80.
Stock has potential to cross 100,keep target of 110 and stay invested.
Infrastructure arm of ALOK is trigger point and also reason of stock appreciation(value unlocking).

6. IFCI -125-133 short term target -Hold IFCI for 18-24 months.Our price target is 280-325.If Goldman Sachs takes controlling stake,target is revised to 640-700.

7. ITC-This stock will be star performer of Year 2008.We expect demerger news and we are very bullish on ITC,especially its retail model -E-choupal.
Stay invested,one year target of 270-285.Better if you hold for 2 years.