Buy Tata Motors with stoploss of Rs 138 for target of Rs 175-180
Buy Everest Kanto Cylinder on declines with a stoploss of Rs 89 for short term targets Rs 113-120
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Corporate News Headline
•    TCS extended its contract with Singapore Airlines to provide IT services for three years to the latter for a suite of applications used by the Singapore Airlines Group of Companies. (BS)
•    L&T has bagged orders worth Rs. 11.62 bn from different vendors for construction of factories and residential projects. (BS)
•    KEC International has secured two orders worth Rs. 2.27 bn from Power Grid Corporation for supplying power transmission equipment. (BS)
Economic and Political Headline
•    Inflation declined to 3.36% during the week ended February 14, 2009 mainly due to …

Buy Cairn India with a stoploss of Rs 150 for a target of Rs 183
Sell HDFC around Rs 1254.40 with a stop loss of Rs 1273.2
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Corporate News Headline
• Power Grid Corp. is seeking to borrow as much as USD 2 bn for its network expansion. (Bloomberg)
• Suzlon Energy is planning to supply wind turbine generators to AGL Energy to help the Australian firm generate 113.4 MW of power, for an undisclosed amount. (BS)
• SBI is planning to raise around Rs. 20 bn through the issue of upper Tier-II bonds to LIC by the end of this month. (BS)
Economic and Political Headline
• The government is planning to invest Rs. 558 bn in the port sector of …

Buy Maruti Suzuki above Rs 653. Stop loss of Rs 645, target of Rs 663-Rs 665-Rs 673. (Intra-day/Positional Call)
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Corporate News Headline
•    L&T bagged three orders worth Rs. 14.38 bn from different agencies for power infrastructure-related works. (BS)
•    DLF announced up to Rs. 13 lakh cut in the prices for the existing and new customers of its residential project in Chennai on account of fall in input costs and slump in property demand. (BS)
•    RIL may shut part of its Jamnagar refinery in April or May and is likely to use the large workforce available at its new unit site for the annual maintenance job. (BS)
Economic and Political Headline
•    …

Buy SBI on declines around Rs 1020 with stop loss of Rs 1000 for a target of Rs 1150
Sell ICICI Bank on rally with a stop loss of Rs 372. Breaks below Rs 330 next lower targets at Rs 307-Rs 280
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Corporate News Headline
•    BHEL won a Rs. 31.5 bn order to supply generating units to a project in central India. (Bloomberg)
•    RIL had accepted the Letter of Intent placed on it by NTPC for supplying gas to the power major’s plants but refused to sign the Gas Sales and Purchase Agreement agreed upon. (BS)
•    BGR Energy Systems bagged a contract worth USD 8.57 mn from Iraq, to design, manufacture and supply 14 floating- and fixed-roof steel storage tanks. (BS)
Economic and Political Headline
•    The home minister, Palaniappan Chidambaram said that the …

Corporate News Headline
•    Avantel bagged a Rs. 68.5 mn order from Defence Ministry for the supply of satellite communication products to Coast Guard. (BS)
•    Aurobindo Pharmaceuticals received temporary approval for Tenofovir Disoproxil Fumarate tablets, 300 mg from the US Food and Drug Administration. (BS)
•    RIL had accepted the Letter of Intent placed on it by NTPC for supplying gas to the power major’s plants but refused to sign the Gas Sales and Purchase Agreement agreed upon. (BS)
Economic and Political Headline
•    The acting finance minister said that India would oppose any …

Corporate News Headline
•    Tata Motors has entered into an agreement with Central Bank of India to finance its passenger vehicles. (ET)
•    KEC International has bagged new orders worth Rs. 3.65 bn in the areas of rural electrification and transmission. (ET)
•    Reliance Infrastructure violated the country’s overseas borrowing and foreign exchange rules by investing funds raised abroad in the domestic capital market. (BS)
Economic and Political Headline
•    The Planning Commission Deputy Chairman Montek Singh Ahluwalia said that India’s fiscal deficit would shoot to about 7.8% if off-budget items like bonds issued to …