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Stock picks for August 2, 2012

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Updated: Thursday, August 2, 2012, 8:58 [IST]

Stock picks for August 2, 2012

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

Yes bank: SKP Securities has recommended hold rating on Yes Bank with a target of Rs 379, in its July 31, 2012 research report.

Coal India: Rajesh Agarwal of Eastern Financiers is bullish on Coal India and recommends buy rating for long term.

Agarwal told CNBC-Awaaz, "Investors should buy Coal India with a long term view. The stock is looking good with low valuation. We can see some pressure in short term, but it can give attractive return in long term."

Power Finance Corporation: Shardul Kulkarni of Angel Broking is of the view that, one can go long in Power Finance Corporation (PFC) with a stop loss of Rs 172.

Kulkarni told CNBC-TV18, "PFC has already given a breakout in today's trading session. The breakout levels was actually Rs 177 and beyond that the break-out has already taken place. The stock is already at Rs 181 so any declines towards Rs 177, one can go long with a stop loss at Rs 172."

BHEL: Firstcall Research is bullish on Bharat Heavy Electricals (BHEL) and has recommended buy rating on the stock with a target of Rs 244 in its July 27, 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: stock picks
Story first published:  Thursday, August 2, 2012, 8:32 [IST]
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