September 3, 2007

Morgan Stanley - Overweight and Underweight

Overweight

Hexaware Technologies

House of Pearl Fashions

Union Bank of India

Parsvanath Developers

Sobha Developers

TCS

Aventis

Amtek Auto

Indian Hotels

Mahindra and Mahindra

Underweight

IDBI

Ultratech Cement

Kotak Mahindra Bank

Hotel Leela

EIH Ltd

Tata Motors

ACC

Ambuja Cements

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