Stock picks for August 21, 2012

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Stock picks for August 21, 2012
Markets are expected to open flat in line with Asian markets. Here are a few stocks ideas for investors who can hold with a long term perspective in mind.

Mahindra and Mahindra

SPA Research is bullish on Mahindra and Mahindra  (M&M) and has recommended a buy rating on the stock with a target price of Rs 862 in its recent research report. The firm has set a target price of Rs 862 over the next 15 months.

Coal India

Angel Broking has put a buy call on Coal India  (CIL) and has recommended accumulate rating on the stock with a target price of Rs 385 in its recent research report.

"We derive a target price of Rs 385 and recommend Accumulate on the stock," says Angel Broking in its research report.

Oracle India

Dolat Capital recommends Oracle Financial Services Software  (OFSS) and has put a buy rating on the stock with a target price of Rs 3360 in its recent research report.

"OFSS continues to remain positive on the pipeline they hold and competitive positioning in the segment and expects sustained deal momentum in near term amidst global uncertainty. We believe company specific challenges would continue to trouble peers (Temenos - management change issues; Misys initial management cashed out to PE investors) ensuring favourable positioning of OFSS."

The firm has set a price target of Rs 3660 on the stock.

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