BUY-Reiterated

Subsequent to the sharp dip in the stock markets it is strongly recommended to buy the following shares from a long term perspective:

1.NTPC
2.ITC
3.HEG
4.ISMT

All the above shares have corrected reasonably and offers significant value at current levels-CMP of current date:25th feb 2008. All the above mentioned shares will give a minimum return of over 25% over a 12-18 month period.