Credit Suisse report on possible M&A companies in India

According to a recent report, Credit Suisse believes the few Indian companies could be likely merger & acquisition candidates. They believe the stocks need over US$100 mn market cap for liquidity.and should be from consumer-facing sectors (excluded technology, services, industrials, commodities and engineering related sectors). Should have sales growth of over 15% in last three years anda verage ROE of less than 10% despite good sales growth. They find that the media, cement and auto related sectors have potential to see more acquisitions, in addition to aviation and telecommunications.

The following are the companies..

Centurion Bank of Punjab Ltd
Deccan Aviation
EIH
Entertainment Network Limited
Escorts Limited
Federal Mogul Goetze
Hotel Leelaventure
IOL Broadband
India Cements
Indiabulls Financial Services
Indian Hotels
J K Industries
Jet Airways (India) Ltd.
MRF
NDTV India Ltd.
Orchid Chemicals & Pharma
Oriental Hotels
PVR Limited
Punjab Tractors
Pyramid Saima Theatres Limited
Ruchi Soya Industries
Sahara One Media & Entertainment
Sanghi Industries
Suven Life Sciences
Tata Tele Services
Television 18
Trent Ltd.
UTV Software Communications
Zee Entertainment Enterprises