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PINC POWERPICKS: Jan 2011
(click on name for detail report)
PINC POWERPICKS is a list of our high-conviction stock ideas, a choice of stocks from across sectors in our coverage universe.
What moved in and what moved out:
In our January issue of PINC Power Picks, we have introduced Lupin.
We have excluded Tata Steel, Godawari Power and Usha Martin in the January series because we are reviewing our FY12 outlook for the Metals and Mining
sector and these stocks are part of the review. These stocks may resume their position in PINC PowerPicks on completion of our review.
We have dropped Apollo Tyres and Shree Cement from the list. Apollo Tyres is being excluded due to unabated increase in natural rubber prices. We are
excluding Shree Cement following spike in fuel cost and lower cement growth impacting earnings.
We have removed HCL Tech since our target price has been achieved and stock outperformed the SENSEX by ~23% since we introduced the stock in our
November 2010 issue. Nevertheless, we are positive on the stock underpinned by expectation of higher discretionary IT spending and improvement in margins
for HCL Tech.
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