SSKI - Banks

SSKI is positive on the Banking Sector.

They feel valuations are compelling at the current levels and most PSU banks trading close to their FY08E BV.

They have a positive bias on SBI and Bank of India, ICICI Bank and Centurion Bank of Punjab.

SSKI - Transport Corporation of India

SSKI believes that TCI is currently trading at 12.8x FY09 earnings and 7.4x FY09 EV/EBITDA, which we believe is attractive, considering the sharp earnings growth trajectory and steep discount to peers. They initiate with an Outperformer rating and a price target of Rs140/share.

SSKI - BILT

SSKI is increasing the fully diluted FY08 and FY09 standalone earnings estimates by 11.5% and 9.8% to Rs13.9 and Rs16.7 as the company is expected to witness moderate volume growth in the medium term. Reiterate Outperformer with a revised price target of Rs185 (6x FY09EV/E).

SSKI - Tata Steel

SSKI recommends that the current market price, Tata Steel is trading at 7.3x FY08E earnings, a discount to its global peers. They maintain their OUTPERFORMER rating on the stock with a price target of Rs729/share