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Thursday, February 14, 2008

LMW Updates……..

Buy Laxmi Machine Works (Bse Code : 500252) at 1960 target 4000 in 6 Months

Budget point of view buy for 15 days 20% upside looks feasible

LMW a textile machniery manufacturing co could be the largest beneficiary of the Budget which is just 2 weeks away. Whether marjet imprvoes or not this stock will fire on Budget sops. We expect the blue chip stock which has corrected without volumes will rise back to offer decent returns. It is one of the best investment opportunities.

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Wednesday, Jun 18
02:00 API Weekly Crude Oil Stock 1 -10.133M -0.600M -0.370M
02:30 Westpac Consumer Survey 2 91.2 89.2
04:15 Current Account (QoQ) 1 $-2.324B $-2.200B $-7.040B Revised from $-7.037B
04:15 Current Account - GDP Ratio 1 -5.7% -6.2%
06:30 Westpac Leading Index (MoM) 1 -0.10% -0.01%
11:30 Retail Price Index (MoM) 2 1.7%
11:30 Retail Price Index (YoY) 2 4.3% 4.5%
11:30 Consumer Price Index (MoM) 3 0.2% 1.2%
11:30 Consumer Price Index (YoY) 3 3.4% 3.5%
11:30 Core Consumer Price Index (YoY) 3 3.6% 3.8%
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