06 August 2011

Buy Balrampur Chini Mills (BACH.BO) Research Tactical Idea::Morgan Stanley Research,

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Balrampur Chini Mills (BACH.BO)
Research Tactical Idea
We believe the share price will rise relative to the country index over the next 60 days.
This is because the stock has traded off recently, making short term valuation much more compelling.
We estimate that there is about a 70% to 80% or "very likely" probability for the scenario.
Estimated probabilities are illustrative and assigned subjectively based on our assessment of the likelihood of the
scenario.
Stock Rating: Overweight
Industry View: Attractive

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