India Daily – Kotak Institutional – Tata Motor, Maharashtra Seamless, Energy, Economy

Contents
Updates

• Tata Motors: JLR's operational performance not too exciting; maintain SELL rating as JLR continues to be a concern
• Maharashtra Seamless: Lower billet prices to benefit only in the short term, reduce TP to Rs350
• Economy: Inflation stays flat this week, but could still near 13% mark in 3QFY09 on base effects and festival impact
• Economy: First official crop estimates likely overstating drop in foodgrains output at 5%
• Energy: Hurricane Ike caused the spike

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