Stock picks for September 6, 2012

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Stock picks for September 6, 2012
Here are a few stock ideas with a long-term perspective in mind.

Ambuja Cements

Shardul Kulkarni of Angel Broking is bullish on Ambuja Cements and said that one can buy the stock only above Rs 182 by keeping a stop-loss of Rs 178.

Kulkarni told CNBC-TV18, "I would not want to buy into infrastructure market specifically because overall trend is quite weak. We have more than 60% of the index weightages clearly on the short side. Banking stocks, metal stocks are going lower, infrastructure stocks are falling so I think that it is best to wait out even if we want to look at it from an investment perspective.

Midfield Industries

Sunidhi Securities is bullish on Midfield Industries (MIL) and has recommended buy rating on the stock with a target price of Rs 55 in its September 4, 2012 reseaech report.

"Midfield Industries, incorporated in 1990 for tapping an emerging niche segment of industrial packaging, MIL started its manufacturing activities in the year 1993 by setting up facilities at IDA Jeedimetla, Hyderabad to manufacture low tensile steel strapping with an installed capacity of 3, 600 tpa. MIL has plants located at Hyderabad (Andhra Pradesh), Thane (Mumbai) and Roorkee (Uttaranchal).

Maruti Suzuki

Motilal Oswal is bullish on Maruti Suzuki India and has recommended buy rating on the stock with a target price of Rs 1668 in its September 4, 2012 research report.

"Maruti Suzuki indicated that ramp-up at Manesar plant to 1700 cars/day is expected in 2 months' time. While it lifted lock-out at its Manesar plant from 21-Aug (after a month) with target of 150 cars/day with 300 workers, it is now producing ~500 cars/day. Operations at Suzuki Powertrain India (SPIL, diesel engine SPV) have been normal for critical components with capacity constraint, and hence it is building inventory for future use.


Nirmal Bang is bullish on Gati and has recommended buy rating on the stock with a target price of Rs 45 in its September 5, 2012 research report.

"Gati Ltd is India's largest express distribution and supply chain (EDSC) company operating through a fleet of more than 4000 vehicles and 64 Distribution Warehouses. Apart from the surface express, the company also operates in the supply chain management, freighter and coast to coast shipping businesses. Recently, Company has formed a Joint venture with a Japanese Company KWE and has transferred its EDSC business and a debt of Rs 330 crs to the JV Company Gati Kinetsu Express Private Limited wherein Gati Ltd.

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: Thursday, September 6, 2012, 8:40 [IST]
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