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Investment Advise and Update – Amtek Auto and Bharat Forge

October 11, 2006

In early August DalalStreet.Biz had put a BUY recommendation on Amtek Auto Limited when the price was around Rs290. We still maintain the same BUY rating on the stock at around Rs320 and continue to be bullish about the prospects of the company in long term.

DalalStreet.Biz analysts are also bullish on the long term prospects of Bharat Forge Company Limited. Bharat Forge is setting up a large manufacturing facility in SEZ. It has been aggressively expanding in export markets. BUY 25% of your capacity around Rs350 and we will inform you of further developments.

We are also studying the prospects of HT Media and we will keep you posted as soon as our research on the stock is done.

Thanks and Happy Investing.

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