Stock picks for July 31, 2012

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Updated: Tuesday, July 31, 2012, 9:01 [IST]
 
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Stock picks for July 31, 2012

Here are a few stock ideas that could help discerning investors in the medium to long term.

IRB Infra: Angel Broking is bullish on IRB Infra and has recommended buy rating on the stock with a target of Rs 166 in its July 27, 2012 research report.

Buy IRB Infra on decline, says Sudarshan Sukhani, s2analytics.com.

Nestle India: Prabhudas Lilladher is bullish on Nestle India and has recommended accumulate rating on the stock with a target of Rs 5015 in its July 27, 2012 research report.

ICICI Bank: Prabhudas Lilladher is bullish on ICICI Bank and has recommended buy rating on the stock with a target of Rs 1100 in its July 27, 2012 research report.

"We expect pick up from Q2FY13 driven by a low base in large corporate fees (project finance). Also, security receipt losses (Rs1bn) will come off significantly in H2FY13 and aid overall fee growth. Gross NPAs have inched up marginally but slippages levels seem reasonable and credit costs at 70bps is in line with management guidance and lower than our expectations for FY13. Current restructuring pipeline is also extremely low providing comfort," says Prabhudas Lilladher research report.

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DISCLAIMER: GoodReturns provides you with information covering shares, futures and options based on broker's reports as stated on various media. Investors are, however, warned that they should NOT take any buy or sell decision based on these views expressed in the article. Investors should consult their own financial and share advisors before taking purchase or sale decisions. GoodReturns does not take any responsibility for any losses incurred by investors who take their cues from the above article.

Topics: stock picks
Story first published:  Tuesday, July 31, 2012, 8:40 [IST]
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