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Stock picks for September 4, 2012
Buy Apollo Tyre, says Sudarshan Sukhani of s2analytics.com. The chances are that once it breaks out it should go into uncharted territory; it is a very attractive stock to own.
Sukhani told CNBC-TV18, "I would bet on Apollo Tyre & Balrampur Chini . Balrampur was in our buy list today morning. Most sugar stocks are showing some minor signs of life that maybe the bottom is coming at least in the short term but Balrampur is an outstanding performer. It's been going up. It went through a very brief correction and has resumed its advance, so it is a stock which we would bet on irrespective of what the other sugar stocks do."
Buy Maruti Suzuki, Mahindra and Mahindra (M&M) and Bajaj Auto on dip, says Sudarshan Sukhani of s2analytics.com.
A C Choksi is bullish on Muthoot Finance and has recommended buy rating on the stock with a target price of Rs 145 in its September 3, 2012 research report.
"Muthoot Finance Ltd was incorporated on March 14, 1997 as a private company with the name The Muthoot Finance Pvt Ltd. Muthoot Finance Ltd is the largest gold company in India. The company provides personal and business loans secured by gold jewellery, or Gold Loans."
Firstcall Research is bullish on Indiabulls Financial Services and has recommended buy rating on the stock with a target of Rs 207 in its August 31, 2012 research report.
Nirmal bang is bearish on Axis Bank and has recommended sell rating on the stock.
Axis bank Ltd faced resistance at the trendline joining the previous peaks made in February and March. The stocks has also given a break down from a rising wedge pattern. The daily momentum indicators are in a downtrend and the relative strength index faced resistance at 60-65 level.
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