ICICI Securities Limited - Research Recommendations May 2016 :

Date	Company Name	Recomm. Price	Target Price	Rating
May 20,2016	Gujarat State Petronet Ltd	134	152	Buy
May 20,2016	Gujarat Pipavav Port	157	190	Buy
May 20,2016	JK Lakshmi Cement	359	405	Buy
May 20,2016	Wabco India	5850	5500	Hold
Jan 19, 2016	Indian Hotels	111	125	Buy
May 20,2016	CESC	550	623	Buy
May 20,2016	Majesco	567	750	Buy
May 20,2016	IRB Infrastructure	220	242	Hold
May 20,2016	Freight Forward Sector Update	-	-	-
May 20,2016	Voltas Ltd	324	370	Buy
May 20,2016	Balkrishna Industries	698	675	Hold
May 19,2016	Punjab National Bank	75	74	Hold
May 19,2016	GSK Consumer Healthcare	5818	6966	Buy
May 19,2016	Tata Communications	443	500	Buy
May 19,2016	JSW Steel	1335	1250	Hold
May 19,2016	Emmbi Industries	105	145	Buy
May 18,2016	Gujarat Gas	531	545	Hold
May 18,2016	Bharat Forge	740	790	Hold
May 18,2016	Petronet LNG	279	305	Hold
May 18,2016	Motherson Sumi Systems	277	260	Hold
May 18,2016	United Breweries	725	880	Buy
May 18,2016	Gandhi Special Tubes	262	315	Buy
May 18,2016	Symphony Ltd	2439	2745	Buy
May 18,2016	JK Tyres & Industries	85	90	Hold
May 17,2016	Gulf Oil Lubricants India	540	600	Buy
May 17,2016	Taj GVK Hotels	97	110	Buy
May 17,2016	Solar Industries India	3320	3760	Buy
May 17,2016	NBCC Ltd	987	1140	Buy
May 17,2016	Strides Shasun Limited	1187	-	Under Review
May 17,2016	Health Check - Monthly Update	-	-	-
May 17,2016	Arvind Ltd	300	370	Buy
May 17,2016	Reliance Defence & Eng Ltd	66	80	Buy
May 16,2016	Mangalore Refinery & Petrochem (MRPL)	71	75	Hold
May 16,2016	Bank of Baroda	142	140	Hold
May 16,2016	Indraprastha Gas	573	640	Buy
May 16,2016	Cadila Healthcare Limited	327	390	Buy
May 16,2016	SKF India	1215	1170	Hold
May 16,2016	PTC India Financial Services	40	43	Hold
May 16,2016	Glenmark Pharmaceuticals	858	1000	Buy
May 13,2016	Firstsource Solutions Limited	39	45	Buy
May 13,2016	Century Plyboard	171	205	Buy
May 13,2016	Graphite India Ltd	77	80	Hold
May 13,2016	Inflation	-	-	-
May 13,2016	Dr Reddy's Laboratories	2974	3480	Buy
May 13,2016	Indian Bank	88	91	Hold
May 13,2016	Arrow Greentech	525	-	Unrated
May 13,2016	Equity Model Portfolio	-	-	-
May 13,2016	Asian Paints	926	1020	Buy
May 13,2016	Apollo Tyres	158	160	Hold
May 12,2016	Kotak Mahindra Bank	741	750	Hold
May 12,2016	Havells India	341	377	Buy
May 12,2016	UPL Ltd	600	-	Unrated
May 11,2016	Vardhman Textiles Ltd	980	910	Hold
May 11,2016	Zee Entertainment	418	490	Buy
May 11,2016	Kajaria Ceramics	1041	1200	Buy
May 10,2016	Hindustan Unilever	862	1000	Buy
May 10,2016	NIIT Technologies	480	525	Hold
May 10,2016	KEC International	129	150	Buy
May 10,2016	Talwalkar Better Value Fitness	200	235	Buy
May 09,2016	Reliance Capital	405	481	Buy
May 09,2016	Greaves Cotton	133	177	Buy
May 09,2016	Eicher Motors	20215	22500	Buy
May 09,2016	Bharti Infratel	371	500	Buy
May 09,2016	Titan Company Ltd	358	410	Buy
May 09,2016	Great Eastern Shipping	310	325	Hold
May 06,2016	Saregama India	315	-	Unrated
May 06,2016	Mangalam Cement	262	310	Buy
May 06,2016	Hero MotoCorp	2870	2880	Hold
May 06,2016	Castrol India	414	460	Buy
May 06,2016	Cyient Ltd	470	480	Hold
May 05,2016	Shoppers Stop	390	420	Hold
May 05,2016	V-Guard Industries	1175	1370	Buy
May 05,2016	Star Ferro & Cement	115	135	Buy
May 05,2016	CCL Products	215	265	Buy
May 05,2016	I-Direct Top Picks
May 04,2016	Monthly Corporate Action Tracker	-	-	-
May 03,2016	HDFC Ltd	1100	1370	Buy
May 03,2016	Parag Milk Foods- IPO	220-227	-	Subscribe
May 03,2016	Oberoi Realty	277	340	Buy
May 03,2016	EPC Industrie	150	200	Buy
May 03,2016	Federal Bank	47	45	Hold
May 02,2016	IDFC Bank	48	49	Hold
May 02,2016	IDFC Ltd	44	44	Hold
May 02,2016	Marico	260	285	Buy
May 02,2016	Idea Cellular	118	130	Buy
May 02,2016	Sadbhav Engineering	263	300	Buy
May 02,2016	Essel Propack Ltd	185	198	Hold
May 02,2016	Ajanta Pharmaceuticals	1543	1780	Buy