BUDGET 2012

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SENSEX	20,179.50	67.89
NIFTY	6,128.55	14.45

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Energy

To get Rs 750cr yearly subsidy cess from Tata Power: RInfra R-Infra has guided for 8-10% margin growth in FY14 on robust EPC order pipeline. In midst of signing fuel pact for Butibori plant: Rel Power GAIL to look at legal action against PNGRB on tariff model Vedanta profit rises 21% as oil offsets iron ore hit Power biz disappointed in FY13: GVK's Isaac George AP govt signs MoU to set up Rs 5000 cr LNG terminal Suzlon gains on euro 90mn wind farm contract HPCL shuts CDU unit after fire at Visakhapatnam refinery No LPG to houses with multiple-connections from June 1 RIL surpasses ITC to reclaim third most valued co status

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STOCK RECOMMENDATION

Stock Advice

Hold Oil India, advises Ashu Madan

Stay invested in Oil India, says Sharmila Joshi

Buy Adani Power on dips, says Sudarshan Sukhani

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Broker Reports

Accumulate NTPC; target Rs 163: Angel Broking

Buy Petronet LNG; target of Rs 167: Angel Broking

Sell CESC May future below Rs 286; target Rs 276

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Budget 2012

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