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Stock picks for August 1, 2012

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Updated: Wednesday, August 1, 2012, 8:49 [IST]

Stock picks for August 1, 2012

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

Maruti Suzuki: Prabhudas Lilladher is bullish on Maruti Suzuki India and has recommended accumulate rating on the stock with a target of Rs 1290 in its July 30, 2012 research report.

Motilal Oswal is also bullish on Maruti Suzuki India and has recommended buy rating on the stock with a target of Rs 1709 in its July 30, 2012 research report.

Sarda Energy: Angel Broking is bullish on Sarda Energy and Minerals  and has recommended buy rating on the stock with a target of Rs 148 in its July 30, 2012 research report.

"We resume our coverage on Sarda Energy and Minerals (SEML). For 1QFY2013, SEML reported strong growth in profitability due to better realizations and lower costs in its ferro alloy segment. We recommend Buy rating on the stock."

Rural Electrification Corporation (REC): Motilal Oswal is bullish on Rural Electrification Corporation (REC) and has recommended buy rating on the stock with a target of Rs 210 in its July 30, 2012 research report.

ICICI Bank: Motilal Oswal is bullish on ICICI Bank and has recommended buy rating on the stock with a target of Rs 1230 in its July 30, 2012 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: stocks, icici, rec
Story first published:  Wednesday, August 1, 2012, 8:42 [IST]
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