Stock picks for September 4, 2012

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Stock picks for September 4, 2012
Muthoot Finance: Quotes, News
BSE 356.60BSE Quote6.15 (1.72%)
NSE 356.70NSE Quote6.6 (1.85%)
Apollo Tyres: Quotes, News
BSE 199.75BSE Quote9.2 (4.61%)
NSE 199.60NSE Quote8.7 (4.36%)
Here are a few stock ideas with a long-term perspective in mind.

Apollo Tyre

Buy Apollo Tyre, says Sudarshan Sukhani of 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."

Maruti Suzuki

Buy Maruti Suzuki, Mahindra and Mahindra (M&M) and Bajaj Auto on dip, says Sudarshan Sukhani of

Muthoot Finance

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."

Indiabulls Financial

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.

Axis Bank

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.

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.

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Story first published: Tuesday, September 4, 2012, 8:49 [IST]
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