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Merill Lynch Preferred Stocks

October 24, 2007

Here is a list of Most Preferred and Least Preferred stocks from Merill Lynch.

Top 3 preferred Stocks,

  • BHEL – Maintained at the top spot with huge order book. Capex meeting schedule.
  • Suzlon – Bharti Airtel is out after the recent spectrum imbroglio and Suzlon Energy is in. Successfully addressed law and order issues. Large order wins from DLF and Reliance Energy improve visibility.
  • Grasim Industries – Strong cement prices in the upcoming construction season (Oct ’07 onwards)

Lest Preferred Stocks,

  • Hindalco – September results likely to be hurt by strong rupee
  • Tata Motors – Declining Volumes
  • Pantaloon Retail India – Same stores sales growth is choppy. margin pressure. Inventory sell-off expected at lower prices

This does not necessarily mean a BUY or SELL on the stocks discussed above. Dig through our research reports to take an informed decision.

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