PINC -Top 13 Picks; Feb 2011 - Conviction BUY Calls

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PINC -Top 13 Picks; Feb 2011
click on company name for details::

1. ASHOK LEYLAND: BUY, TP-Rs76 (40% upside)
2. BAJAJ AUTO: BUY, TP-Rs1,649 (25% upside) 
3. GODAWARI POWER: BUY, TP-Rs272 (53% upside)
4. HCL TECH: BUY, TP-Rs615 (27% upside) 
5. IRB INFRA: BUY, TP-Rs269 (54% upside)
6. JAGRAN PRAKASHAN (JPL): BUY, TP-Rs165 (39% upside)
7. JYOTHY LABS: BUY, TP-Rs281 (22% upside)
8. LUPIN: BUY, TP-Rs537 (27% upside) 
9. Mahindra & Mahindra: BUY, TP-Rs883 (32% upside) 
10. NIIT TECH: BUY, TP-Rs300 (56% upside)
11. TATA STEEL: BUY, TP-Rs817 (32% upside)
12. ULTRATECH CEMENT: BUY, TP-Rs1,177 (25% upside) 
13. USHA MARTIN: BUY, TP-Rs82 (41% upside)

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 February issue of PINC Power Picks, we have introduced Jyothy Labs and UltraTech Cement.
We have reintroduced Tata Steel, Godawari Power and Usha Martin in the February series encompassing our revised assumptions for steel
prices & raw material cost. We had excluded HCL Tech in our last issue due to low upside; however, we include it again in this issue on our
subsequent revision of target price post quarterly results.