Kotak Institutional - Wipro

Kotak Institutional has a price target of Rs 560 on Wipro

Wipro is trading at 20.7XFY2008E earnings and 16.4XFY2009E earnings, a marginal premium to Satyam and 15% discount to Infosys.

Maintain Outperform

Kotak Institutional - BHEL

Kotak Institutional recommends BUY and keeps a OUTPERFORM on BHEL

Target price of Rs 2025 (earlier target of 1825)

Spares business has contributed significantly

Kotak Institutional - Sun TV

Strategic alliance may work for Sun TV in less familiar North Indian markets

Radio business does not offer much scope to create meaningful value

Key to stock is emerging more competitive macro-environment

They retain retain our estimates and Underperformer on Sun TV with a 12-month DCF-based target price of Rs310

Kotak Institutional - Tata Steel

Kotak Institutional assumes that all operating EBITDA announced for 1QFY08 is operating and recurring in nature.

They raise the Corus Group's EBITDA to £1.3 bn (from £1.1 bn earlier), which leads to a revision in target price to Rs670/ share (from Rs600 earlier).

They continue to rate the stock as In-Line.

Kotak Institutional - State Bank of India

Kotak Institutional retains a target price of Rs 1450

The Left is a spoilsport

May delay capital raising plans of SBI

Kotak Institutional - India Cements

Kotak Institutional has BUY on India Cements and has raised the target price to Rs 230. They had a previous target of Rs 200

Good sales in South India

Prices are firm in South India

Kotak Institutional - HPCL, BPCL

Kotak Institutional has a OUTPERFORMER rating on HPCL and BPCL with 12-month target price of Rs400 (Rs450 previously) and Rs325 (Rs330)

Government of India might provide adequate package which might prop up earnings

Kotak Institutional - Dish TV

Kotak Institutional has reduced the target price of Dish TV from 115 to 100

TRAI has laid down stringent QOS for DTH is the reason for the cut in the target price