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Dabur India LtdThe oscillators are pointing to a short term weakness and the stock can come down to 88-80. The stock has resistance at 96-97 levels. Hold with a target of 104-108 levels which are also the 52 week high. The stock has been muted and an underperformer as compared to the broader index and peer companies. However, the company's growth prospects are attractive. The recent acquisitions spell growth for the company. The stock is trading at 23 times FY '12 PE which is attractive.

Alok Industries LtdThe strong uptrend in the counter has been broken and the stock has breached the important support levels of 30-27. The stock might come down to 21-18 levels in the short term. A monthly close above 30 levels can take the stock to 52 levels.The company is an integrated textile play from fabric to fashions. The revenue is likely to grow at 30 per cent. The company plans to double its capacity. Hold for one year for a 20-25 per cent return.

Dr Reddys Laboratories LtdThe stock is a defensive play and a must have in the portfolio. The company has acquired penicillin production from GSK. It is aiming at $40 million revenue and trading at 23-times FY ‘12 PE. Buy the stock at 1424-1350 levels.

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