Brokers bullish on Patni, NTPC, Guj Ambuja Cements

DSP Merrill Lynch has downgraded rating on MTNL to sell from neutral

DSP Merrill Lynch has kept neutral rating on M&M; with sum of parts value Rs 590

DSP Merrill Lynch has kept buy rating on Patni Computer; with a target of Rs 560

Citigroup has kept buy rating on Patni Computer; it has upped its target to Rs 560

Citigroup has downgraded rating on Dabur India to sell; with a target of Rs 90

Citigroup has kept buy rating on NTPC; it has upped its target to Rs 137

Citigroup has kept hold rating on Tata Chemicals and Alok Industries

First Global has kept buy rating on Gujarat Ambuja Cements

First Global has downgraded rating on Pantaloon Retail to market perform

Sharekhan has put buy rating on Nelco; with a target of Rs 216

BRICS Securities has kept buy rating on Dishman Pharma; it has upped its target to Rs 238

BRICS Securities has kept buy rating on CESC; with a target of Rs 296

BRICS Securities has kept buy rating on Max India; with a target of Rs 790

ICICI Securities has upgraded rating on Canara Bank to buy; with a fair value of Rs 315

ASK-Raymond James has kept buy rating on PNB; it has upped its target to Rs 532

ASK-Raymond James has kept buy rating on Ashok Leyland; it has upped its target to Rs 43

ASK-Raymond James has kept buy rating on UTV; it has cut its target to Rs 190

ASK-Raymond James has downgraded rating on Punjab Tractors to sell from buy

SSKI has kept underperformer rating on TV Today

Kotak PCG has kept buy rating on Shriram City Union Finance, with a target of Rs 176

Kotak PCG has kept buy rating on EL Forge, with a target of Rs 164

Prabhudas Lilladher has kept outperformer rating on BHEL, Britannia and Jindal Saw

Prabhudas Lilladher has kept outperformer rating on Kalpataru Power and KEC International

Prabhudas Lilladher has kept buy rating on Bharati Shipyard, with a target of Rs 466

Prabhudas Lilladher has kept buy rating on Bombay Rayon Fashions

Edelweiss Capital has kept value sell rating keeps on TV Today post Q3FY06 results

IL&FS Investsmart has kept hold rating on ACC and Gujarat Ambuja Cements

IL&FS Investsmart has kept underperformer rating on HPCL and BPCL

IL&FS Investsmart has kept sell rating on MTNL and Scandent Solutions

House	Stocks	Views
DSP Merrill Lynch	MTNL   M&M     Patni Computer	Sell   Neutral; with sum of parts value Rs 590   Buy; with a target of Rs 560
Citigroup	Patni Computer     Dabur India   NTPC     Tata Chemicals, Alok Industries	Buy; it has upped its target to Rs 560   Sell; with a target of Rs 90   Buy; it has upped its target to Rs 137   Hold
First Global	Gujarat Ambuja Cements   Pantaloon Retail	Buy   Market performer
Sharekhan	Nelco	Buy; with a target of Rs 216
BRICS Securities	Dishman Pharma     CESC   Max India	Buy; it has upped its target to Rs 238   Buy; with a target of Rs 296   Buy; with a target of Rs 790
ICICI Securities	Canara Bank	Buy; with a fair value of Rs 315
ASK-Raymond James	PNB     Ashok Leyland     UTV     Punjab Tractors	Buy; it has upped its target to Rs 532   Buy; it has upped its target to Rs 43   Buy; it has cut its target to Rs 190   Sell
SSKI	TV Today	Underperformer
Kotak PCG	Shriram City Union Finance   EL Forge	Buy; with a target of Rs 176   Buy; with a target of Rs 164
Prabhudas Lilladher	BHEL, Britannia, Jindal Saw, Kalpataru Power, KEC International Bharati Shipyard   Bombay Rayon Fashions	Outperformer     Buy; with a target of Rs 466   Buy
Edelweiss Capital	TV Today	Sell
IL&FS Investsmart	ACC, Gujarat Ambuja Cements   HPCL, BPCL   MTNL, Scandent Solutions	Hold     Underperformer   Sell