Tips - April 12th, 07 - Emkay

Sujana Metal Products Ltd.
(Rs 131, FY08E - P/E - 6x, BUY, Target Price Rs 215)

> De-merger/Merger –Gets court Approval

> Business Outlook and Valuation.
We continue to remain positive on Sujana Metal Products and expects the stock to
be re-rated following the de-merger proposal.

At Rs 131 the SML stock trades at a P/E 6x on FY08E on consolidated EPS of Rs
23. We maintain “BUY” on the stock with target price of Rs 215.We had earlier
initiated the call of Sujana Metal at Rs 109.

Technical Tip - April 12th, 07

The daily candlestick chart of Tata Steel Futs shows a rally from Rs.431 to Rs.519 in 6 days. Resistance is pegged at Rs.520-525 (trendline in orange). The short term oscillators have reached overbought zone, hence one can expect profit taking at current levels. High risk traders can buy Tata Steel 510 PA in small lots around Rs.12 as well as in declines at Rs.9.50 with a strict stop loss below Rs.6.75 in close for a target of Rs.23-25 in the next 7-8 trading sessions.

Tips - April 12th, 07

In the Punter's zone we have a buy in IVRCL & sell in INFOSYS TECHNOLOGY and CENTURY TEXTILES.

In the technical zone we have a buy in GRASIM and ORCHID CHEMICALS &sell in ESCORTS.

Top 5 stock picks - Macquarie

Top 5 stock picks -

Bharti Airtel (BHARTI IN, Rs753, Outperform, TP: Rs1,025),

TCS (TCS IN, Rs1,203, Outperform, TP: Rs1,672),

Reliance Industries (RIL IN, Rs1,362, Outperform, TP: Rs1,590),

Tata Steel (TATA IN, Rs467, Outperform, Target: Rs556)

Dr Reddy’s (DRRD IN, Rs738, Outperform, TP: Rs837.5).

Idea Cellular - Lehman Brothers

Price: Rs90
Price Target: Rs110
Time - 12 months

Intra-day Stock Ideas - April 11,07

NIFTY (3848.15) SUP 3826 RES 3865

BUY IOC (406.8)
SL 401 T 416, 419

BUY RANBAXY (357.90)
SL 352 T 366, 369

BUY BANKINDIA (172.20)
SL 168 T 180, 182

SELL MPHASIS (274.95)
@ 277 SL 281 T 267, 265

SELL DRREDDY (720.50)
@ 724 SL 728 T 714, 711

Amtek

Amtek Auto Ltd
(Rs. 365, FY08E - P/E 13x, BUY with a Target Price of Rs. 510)

AAL is a leading Indian supplier of automotive components and is an integrated automotive component manufacturer with facilities for forgings, machining and subassemblies in locations in India, the United States and Europe. AAL is a Tier I supplier of auto components to major automobile majors like Maruti, Hyundai, M&M, Ford, Tata Motors, General Motors, Hero Honda, Bajaj Auto, HMSI (Honda Motorcycles and Scooters India) and many others.

Picks for April 11th, 07

In the Punter's zone we have a buy in Mind Tree , Biocon & Reliance Industries.

In the technical zone we have a buy in Indian Hotels , Balaji Tele & Torrent Power.

STOCK UPDATE

New Delhi Television
Cluster: Emerging Star
Recommendation: Buy
Price target: Rs375
Current market price: Rs330

IT Buy recommendations

Infosys CMP Rs1965
Reco BUY
Target Price Rs 2530

TCS CMP Rs1203
Reco BUY
Target Price Rs 1499

Satyam CMP Rs457
Reco Outperformer
Target Price Rs 536

Wipro CMP Rs 535
Reco Outperformer
Target Price Rs 685

Tech Mahindra CMP Rs1342
Reco Neutral
Target Price Under review