Q2 - Result Update

Dear Kundapur Govardhana Kini, We understand the need for the right research to make the right investment decisions. To keep you well informed, we bring to you Quarterly Result Updates for the following companies:     Stock Name Stock Code RCP* (Rs.) Target Price (Rs.) Potential Upside Rating   Adhunik Metaliks ADHMET 96/- 149/- 60% Strong Buy   Balrampur Chini BALCHI 128/- 164/- 28% Strong Buy   Shree Renuka Sugar RENSUG 223/- 312/- 39.9% Strong Buy   Tata Motors TELCO 733/- 769/- 5% Add * Recommended Price     What do the above ratings imply?   Strong Buy : Expected return of 20% or more Buy : Expected return of 10% to 20% Add : Expected return up to 10% Reduce : Expected return up to -10% Sell : Expected return of -10% or more   Example: Raj has two stocks A & B. Stock A is recommended as an Strong Buy and stock B as an Sell. In this case, Raj may want to exit B since, it is likely to Sell and invest his money in stock A for better returns.   To know more about our research recommendations and updates, please log on to ICICIdirect.com and visit the 'Research' Page.   Sincerely, ICICIdirect.com Did you know : You can set SMS Alerts to receive stock quotes of your favourite stocks.   To unsubscribe, please click here. Disclaimer