Consensus downgrade risks rise with 3Q13 result Production concern remains 3Q13 results beat expectations Positive outlook for 2014 Cost savings help 3Q but sustainability a key question Initiate at N(V): Rising star to meet more challenges October export orders beat expectations again Tata Power (TPWR IN) OW: Mundra tariff relief remains key catalyst Tata Steel Ltd (TATA IN) Downgrade to UW: Stock run discounts potential positives Initiate at OW(V): Deep discount e-retailer at an attractive price