NiveshDaily (BASF India, Biocon, Cairn India, HDFC Bank, Kaveri Seed Company, KPIT Technologies, Punjab National Bank, SKF India, UPL & Wipro-22-10-14, Somany Ceramics, LIC Housing Finance, Alembic Pharmaceuticals) | October 21, 2014

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 Results Preview
BASF India, Biocon, Cairn India, HDFC Bank, Kaveri Seed Company, KPIT Technologies, Punjab
National Bank, SKF India, UPL & Wipro-22-10-14
 Result Updates
Somany Ceramics Ltd.|Q2FY15 Result Update | We value the company at 20x its FY16E
earnings to arrive at target price of Rs 332 per share. We maintain our positive stance on
the company with HOLD rating
LIC Housing Finance Ltd.|Q2FY15 Result/Concall Update | Inline with expectation, asset
quality improved… maintain BUY with target price of Rs 380
Alembic Pharmaceuticals Ltd. |Q2FY15 Result Update | In-Line results; Outlook remains
promising; however, maintain HOLD on valuation
Idea Cellular Ltd.|Q2FY15 Result Update | Above expectation performance: Upgraded to
HOLD with TP of Rs.165
Swaraj Engines Ltd. (SEL)|Q2FY15 Result Update | In line expectation | We maintain BUY
rating on stock with target price of Rs. 1184
Exide Industries Ltd.|Q2FY15 Result Update | Strong top line growth, EBITDA margin below
expectation
 Research Update included
Diwali Picks | 2014: Ashiana Housing, Capital First, Meghmani Organics, Pennar Industries
& Reliance Industries
 Global Markets - Outlook
 Result Today

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