Which 11 stocks is ULJK Securities putting money on?

ULJK Securities has come out with a report on Investment Ideas.

Indian stock markets have been the second worst performing markets (YTD) globally due to inflationary concerns on the back of rising food inflation and rising crude prices. Domestic governance issues and scams have only accentuated the woes. The prevailing Middle East concerns, global commodity volatility and Japan calamity resulted in FIIs net outflow of US$1700mn (YTD). We expect Indian growth to revive in 2HCY2011 with inflation cooling off and interest rate to peak out. Hence, we recommend few investment ideas which we believe will outperform the capital markets over next 12 months. TOP PICKS:  BGR Energy Systems: At CMP of Rs 469, the stock is trading at a forward P/E of 10.80x FY11E and 9.05x FY12E. We maintain BUY recommendation with a target price of Rs 710 per share. Federal Bank: At the current market price of Rs 379, the bank is trading at P/BV of 1.2x FY2011E BV of Rs 304 and 1.1x FY2012E BV of Rs 346. Buy jthe tsock with a target of Rs 484. Havells India: At current price of Rs 368, stock is trading at 19.5x and 12.8x P/E and 10.26x and 8.01x EV/EBITDA multiples for FY11E and FY12E respectively. We maintain BUY recommendation with an target of Rs 470 per share. Indraprastha Gas: Driven by robust demand in the CNG segment and increasing revenues from PNG segment led by industrial volumes, we expect IGL

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