Buy Kpit Cummins for a Target of Rs 144.00

Recommend Buy with 8-10 month target price of Rs 144 CMP Rs 113
Given that KPIT has exceeded our expectations in Q2 and the stock price is down nearly 17% since our last review, we
recommend Buy at current levels. Our 8-10 month target price based on 13x FY09E EPS of Rs11.1 is Rs 144 implying a
good upside of 28%.

Strong dollar revenue growth of 13.4% qoq was far ahead of our
expectations.
Growth continues to be driven by niche services offerings in the auto
electronics, semiconductor and business intelligence space.

Net profit up 11% qoq; management maintains guidance for the year.

Stock trading tip for 22nd oct 2007

Buy Jet Airways (JETAIR) CMP Rs 870. Target Rs 1045.
Potential upside 20%.

Buy Mercator Lines (MERLIN) CMP Rs 89.25 Target Rs 99.
Potential upside 20%.

Buy Transport Corporation of India (TRACOR) CMP Rs 119 Target Rs 155.
Potential upside 35%.

Buy Indo Rama Synthetics (INDRA) CMP Rs 56.65 Target Rs 73.
Potential upside 21%.

sensex Recover But still down by 350 points

The uncertainty in the market will continue until SEBI comes out with a clarification on October 25, says Gul Tekchandani, investment strategist, on NDTV Profit. This is not the right time to sell but to wait it out for long term gains as the fundamentals are still good for India.

Ranbaxy Laboratories is a good buy at corrections as it has a target price of Rs 530 for a long-term perspective, says a technical analyst on Zee Business. Fresh bookings can be made in this counter with a stop loss of Rs 375, he adds. The stock is currently trading at Rs 417, down 0.95% on the BSE.

Sensex Dips Further Down 580 points ( Sending Chills down the spine before winter)

Hindustan Construction should be bought on dips, says Ashu Kakkar, technical analyst, on NDTV Profit. It is a fundamentally good company and a long term investor should have no concerns in this counter, he says. Once Rs 210 is crossed, it will see higher levels at a faster pace. For short to medium term, Rs 130-140 is a good support, he adds. The Sensex is currently trading at 17,555, down 442 points and Nifty at 5205, down 145 points form the previous close.

Top Losers

+ Reliance Energy Ltd.	1,413.00	-11.21
+ Tata Power Co.	978.00	-9.34
+ Reliance Capital	1,508.90	-9.00
+ Union Bank of In	141.00	-8.53
+ Bharat Heavy Ele	2,019.00	-7.48

Top Gainers

+ Videsh Sanchar N	518.00	+5.68
+ Hexaware Technologie	116.50	+3.46
+ Guj. Gas Co. Ltd	312.60	+2.36
+ RelianceCommu.Ltd	727.90	+2.31
+ Finolex Cables	70.15	+2.18

MARKETS DOWN AS PRIME MINISTER RESIGNING RUMOR HITS

At 10.30 hrs IST, the Sensex is down 440.56 points or 2.45% at 17557.83, and the Nifty down 150.70 points or 2.82% at 5200.30. About 905 shares have advanced, 2076 shares declined, and 70 shares are unchanged.

Top gainers on the Sensex are Reliance Comm at Rs 728.90 up 2.45%, HDFC Bank at Rs 1,410 up 2.23% and TCS at Rs 1,140.70 up 1.95%.

Top losers on the Sensex are Reliance Energy at Rs 1,487 down 6.56%, BHEL at Rs 2,060 down 5.6% and Maruti Suzuki at Rs 1,090 down 5.11%.

Top gainers on the Nifty are Wipro at Rs 503.20 up 1.90%, Infosys at Rs 1,915 up 1.32% and HDFC Bank at Rs 1,406 up 1.28%.

Top losers on the Nifty are Tata Power at Rs 979.70 down 9.54%, Reliance Energy at Rs 1,468.90 down 7.69% and BHEL at Rs 2,068.80 down 5.45%.

Most active shares on NSE are Reliance at Rs 2,464 with 1,436,692 shares, Reliance Comm at Rs 712.90 with 3,923,061 shares and Reliance Energy at Rs 1,431 with 1,352,063 shares.

Stock trading tip for 19th oct 2007

Buy Reliance Industries around 2,583/- for a Target of 2900/- 3000/-

Mukesh Ambani-led Reliance Industries today posted a 27.9 per cent increase in net profit at Rs 3,837 crore for the second quarter ended September 30 as compared to Rs 3,000 crore in the year-ago period.

Total income jumped 6.72 per cent to Rs 32,211 crore during the quarter ended September 30 as against Rs 30,181 crore a year ago, the company informed the Bombay Stock Exchange.

Buy Siemens around 1650/- for a Target of 1900/- 2000/-

Buy Hindalco around 182/- for a Target of 210/- 215/-

Buy State bank of India (Sbi) around 1650/- for a Target of 1900/- 2000/-

Sensex Closes below 18000 points!!

The benchmark Sensex crashed by 717 points to close below the 18,000-point mark on panic selling by funds following rumours of uncertainty on the political front.

The Sensex, which had surged to a new peak at 19,198.66 at noon, tumbled on fag-end selling by funds and closed with a loss of 717.43 points at 17,998.39. It also touched the day's low of 17,771.16 points.

The selling pressure gathered momentum in the last 30-minutes of trading as some rumours about political developments pulled down the market on selling in blue chip stocks led by metal, capital goods and banking segment stocks.

Similarly, the second wide-based National Stock Exchange index Nifty tumbled by 208.30 points at 5351, after touching the day's low of 5269.65 and a high of 5736.80 points.