Tuesday, June 24, 2008

Kotak Daily Updates - 23.6.2008

It includes

Results

Hindalco: Novelis 4Q results unimpressive; new funding plans can cause turmoil;
retain

ADD
Dredging Corporation of India: Weak operating performance; upgrade to ADD
based on attractive valuations

Change in recommendations
GAIL (India): Upgraded to ADD on favorable reward-risk balance (20%)

Updates
Economy: Further monetary tightening imminent as inflation keeps its tryst with
double-digit destiny

Banks/Financial Institutions: Higher inflation may lead to higher rates

Mid-cap Radar: Scalable Opportunities conference

(Download Full Report Here)

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