Month: October 2007

Arvind Mills which revamped its Flying Machine jeans brand is now joining hands with global retailers. Arvind Mills Ltd has informed us that Cherokee Inc., a leading global licensor and brand management Company that it has signed an exclusive international license agreement for its Cherokee brand with Arvind Mills. India’s largest integrated textile company and retailer. This multi year agreement covers a wide range of categories including men’s, women’s and children’s clothing, footwear, accessories, home and other categories.

Arvind Mills and Celebrity fashions also have contracts from Reliance Retail.

Here is a list of Most Preferred and Least Preferred stocks from Merill Lynch.

Top 3 preferred Stocks,

• BHEL – Maintained at the top spot with huge order book. Capex meeting schedule.
• Suzlon – Bharti Airtel is out after the recent spectrum imbroglio and Suzlon Energy is in. Successfully addressed law and order issues. Large order wins from DLF and Reliance Energy improve visibility.
• Grasim Industries – Strong cement prices in the upcoming construction season (Oct ’07 onwards)

Lest Preferred Stocks,

• Hindalco – September results likely to be hurt by strong rupee
• Tata Motors – Declining Volumes
• Pantaloon Retail India – Same stores sales growth is choppy. margin pressure. Inventory sell-off expected at lower prices

This does not necessarily mean a BUY or SELL on the stocks discussed above. Dig through our research reports to take an informed decision.

Nitin Fire Protection Industries announced during the market hours today that company’s subsidiary Nitin Cylinders at Vishakpatnam has received the NZS 5454 type approval required for exports of compressed natural gas (CNG) cylinders to countries like Pakistan, Bangladesh, Egypt etc. This will help company accept orders and export goods to these countries.

The current price of Rs 382 discounts Q1 June 2007 annualised EPS of Rs 4.63 by a PE multiple of 82.50.