Stock picks for August 6, 2012

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Stock picks for August 6, 2012
Here are a few stock ideas that could help discerning investors in the medium to long term.

Petronet LNG: FinQuest Securities is bullish on Petronet LNG and has recommended buy rating on the stock with a target of Rs 195 in its August 3, 2012 research report.

KEC International: KRChoksey is bullish on KEC International and has recommended buy rating on the stock with a target of Rs 72 in its August 2, 2012 research report.

Manappuram Finance: Emkay Global Financial Services is bearish on Manappuram Finance and has recommended reduce rating on the stock with a target of Rs 30 in its August 3, 2012 research report.

At the current valuations at 1/0.9x FY13/14E ABV looks fairly priced looking at the impending risks. Downgrade to REDUCE and target price of Rs 30, Emkay Global Financial Services research report.

IPCA Labs:Dolat Capital is bullish on IPCA Labs and has recommended accumulate rating on the stock with a target of Rs 468 in its August 2, 2012 research report.

Motilal Oswal is also bullish on IPCA Laboratories and has recommended buy rating with a target price of Rs 523.

"IPCA Labs' recorded better than expected revenue growth - up 19.7% YoY to Rs 6.34bn. Growth was primarily driven by rebound in domestic formulation (up 18.6% YoY) and 58% growth in export API's (ramp-up in recently added capacities as well contribution from Tonira Pharma)."

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Story first published: Monday, August 6, 2012, 8:43 [IST]
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