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Stock picks for August 3, 2012

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Updated: Friday, August 3, 2012, 8:52 [IST]

Stock picks for August 3, 2012

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

Hero Motocorp: Salil Sharma, Technical Analyst, Kapur Sharma & Co is bearish on Hero Motocorp and has recommended sell rating on the stocks.

Sharma told CNBC-Awaaz, "One should sell Hero Motocorp with a stoploss of Rs 1,990-2,000. The stock may go down to Rs 1,910 in coming days."

Karur Vysya Bank: Dolat Capital is bullish on Karur Vysya Bank and has recommended buy rating on the stock with a target of Rs 512 in its July 31, 2012 research report.

Jyothy Labs: Angel Broking is bullish on Jyothy Laboratories and has recommended buy rating on the stock with a target of Rs 145 in its July 30, 2012 research report.

Jyothy Laboratories Ltd. (JLL) (standalone) reported healthy set of numbers for 1QFY2013, with revenue posting a growth of 70.6% yoy to Rs210cr, 11.7% higher than our estimate of Rs188cr, said in the research report.

Petronet LNG: Prabhudas Lilladher is bullish on Petronet LNG and has recommended buy rating on the stock with a target of Rs 176 in its July 31, 2012 research report.

Citi has also put a buy rating on Petronet LNG and has set a target price of Rs 180 and said that they remain positive on long-term LNG outlook in India.

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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:  Friday, August 3, 2012, 8:41 [IST]
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