CLSA - Power Grid

CLSA puts a SELL on Power Grid

Target Price of Rs 90!!

Lofty valuations

CLSA - DLF

CLSA recommends BUY on DLF with a target price of Rs 1000

Bidadi township a positive

Equivalent to the development DLF has taken at Gurgaon

CLSA - Kouton Retail IPO

CLSA recommends SUBSCRIBE on Kouton Retail IPO

Kouton is a apparel retailer with manufacturing capabilities

Valuations discount to listed retailers

CLSA - Bharti Airtel

CLSA recommends BUY on Bharti Airtel

Price Target of Rs 1082.00

CLSA - Zee Telefilms

CLSA recommends BUY on Zee Telefilms

Its in the big league

Rising viewership, new cricket league - ICL

Focus on outside markets

Price target of Rs 360

CLSA - Cairn India

CLSA recommends BUY on Cairn India

Target price of Rs190/share

Cairn gets approval to start land acquisition for pipeline project

CLSA - Hotel Leela

CLSA has a UNDERPERFORM on Hotel Leela

Trading at 25% discount to Indian Hotels

Tariff cuts could affect performance

CLSA - BF Utilities

CLSA is positive on BF Utilities

Political hurdles could ease

Stock price is 30% discount to NAV of Phase 1 of the project

If fully valued at Phase 3, NAV could go to 7000/share

At phase 1, NAV is at Rs 2731

CLSA - Hexaware Technologies

CLSA has a UNDERPERFORM on Hexaware Technologies

Revenue growth likely to be muted

Management changes at US likely

12 month Price target of Rs 130

CLSA - Tata Steel

CLSA has a OUTPERFORM on Tata Steel

Steel prices are moving up

Expect them to move up even further

Indian Steel companies have hiked prices from $10-20/ton

12 Month target price of Rs 835

CLSA - Mahindra and Mahindra

CLSA recommends a BUY on Mahindra and Mahindra with a target price of Rs 840

CLSA - Deccan Chronicle

CLSA has a BUY on Deccan Chronicle

Target price of Rs 265

Trading at 35% discount to Peers

CLSA - Reliance Communications

CLSA has a OUTPERFORM on Reliance Communications

They have a target price of Rs 627

New TRAI framework to benefit Reliance Communications

Attractive play in Mobile growth in India

CLSA - DLF

CLSA has a BUY on DLF - with a target price of Rs 703

Real Estate Boom has benefited DLF immensely

DLF is the leader of the pack

CLSA - Thermax, Union Bank

CLSA has a BUY on Thermax with a target price of Rs 713. They have a OUTPERFORMER rating.


CLSA has a BUY on Union Bank of India with a target price of Rs 190. The Investor meetings with the management were fruitful in reassuring strong growth

CLSA - ICICI Bank

CLSA recommends a BUY on ICICI Bank. They think valuations are attractive at the current price.

They have a target of Rs. 1050

CLSA - Shoppers Stop, BHEL

CLSA has a buy on Shoppers Stop, with a target price of Rs 600

CLSA has a buy on BHEL, with a target price of Rs 1990