Kotak Sec:: PDF link: Coal India, SBI, Sun Pharma, RPower, Cipla, suzlon, CESC, Castrol, IDFC, Cummins,

Please Share:: India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��

http://www.kotaksecurities.com/pdf/indiadaily/indiadaily14022012.pdf


Contents
Special Reports
Initiating Coverage
Cummins India: Very strong business positioning but valuations cap
incremental upside

Daily Alerts
Results
Coal India: E-auctions continue to drive realizations, costs contained
State Bank of India: Margin improvement yet to boost earnings
Sun Pharmaceuticals: Higher margin leads to higher PAT; remains our top
pick
Reliance Power: Extant operations stable, fuel woes continue for future
capacities
Cipla: Poor results on all counts
Suzlon Energy: Tardy execution reflects risk, FY2013E holds hope; balance
sheet stretched
CESC: Pending tariff finalization dents earnings
Results, Change in Reco
Castrol India: Volumes continue to disappoint
Company
IDFC: Retain positive stance on the back of superior performance
Sector
Energy: Mayday, Mayday, Mayday
Industrials: Cycle may have bottomed out; improvement would be gradual