PDF link: Punj Lloyd, Madhucon Project, Jaiprakash Associates:: Kotak Sec,

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http://www.kotaksecurities.com/pdf/dmb/MorningInsight15022012.pdf



PUNJ LLOYD LTD
RECOMMENDATION: REDUCE
TARGET  PRICE:  RS.60
FY13E P/E: 8.7


MADHUCON PROJECTS LTD (MPL)
RECOMMENDATION: BUY
TARGET  PRICE:  RS.105
FY13E P/E: 10.7X


JAIPRAKASH ASSOCIATES LTD
RECOMMENDATION: ACCUMULATE
TARGET  PRICE:  RS.89
FY13E P/E: 21.7X