Anand Rathi - Lakshmi Machine Works Ltd

Anand Rathi initiates coverage on Lakshmi Machine Works Ltd. with an Outferformer
rating and a price target of Rs 3,830, providing an upside potential of 22% over a period of 12 months.

At the CMP, the stock is ruling at 13.6(x) and 11.4(x) its FY08 and FY09 EPS
estimate of Rs 230 and Rs 275 respectively.

Anand Rathi - Timex Watches

Company doing very well, exceeding expectations, may tie up with Reliance Retail

Revised price target of Rs 44

Anand Rathi - Hotel Leela

Anand Rathi expects the company to report EPS close to Rs 3.90 for FY 08, and expect the market to discount it by at least 15 times.

This gives a target of Rs around Rs60 in medium term. BUY with short term target of Rs 52 and medium term target of Rs 62.

Anand Rathi - Power Grid IPO

Anand Rathi recommends a SUBSCRIBE on Power Grid IPO

They feel its reasonably priced

They are the leaders in power transmission

Anand Rathi - Cinemax

Anand Rathi feels that Cinemax India Ltd. with its core focus on the filmed exhibition segment is well poised to tap the exponential growth in the Indian entertainment market. As per their estimates, the topline and bottomline is expected to grow at a CAGR of 71% and 76% between FY07 - FY10 respectively. They initiate coverage on the stock with a BUY rating and a price target of Rs 174 implying an upside of 31%.