Stock picks for September 21, 2012

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Stock picks for September 21, 2012
Here are a few stock ideas with a long-term perspective in mind.

MindTree

Emkay Global Financial Services is bullish on MindTree and has recommended buy rating on the stock with a target of Rs 800 in its September 20, 2012 research report.

"MindTree mgmt indicate that the strength in the IT Svcs continues (reported a 3% QoQ US$ rev growth in June'12 qtr and has driven growth through FY11/12 recording a 31%/37% YoY US$ rev growth) with co continuing to see good traction both in the Manufacturing and the BFSI space (note that MindTree derives ~8- 9% of overall rev from the Insurance segment).

Larsen and Toubro

Buy Larsen and Toubro (L&T) around Rs 1450, says Sudarshan Sukhani, s2analytics.com.

Sukhani told CNBC-TV18, "L&T technicals are very good; today most stocks are down, so I wouldn't count today as part of the uptrend. L&T has already crossed its earlier resistance levels about Rs 1,450, it went and bounced and would retreat back from that level that it has crossed decisively. So the trend is very clearly up. These little swings will keep on coming but if there is a further decline in L&T, if it comes towards Rs 1,450 that would be a buying opportunity."

Pricol

Nirmal Bang is bullish on Pricol and has recommended buy rating on the stock with a target of Rs 24 in its September 20, 2012 research report.

"Pricol lost a significant portion of its market share to competitors on account of significant labour issues during FY'09. With the agreement with labour in place, the company is geared to not only regain the lost market share but also emerge as a dominant auto-ancillary player across the globe. The company is associating with renowned international names which should help not only get access to large multi-national OEMs but also help in procuring electronic components at the most competitive rates

Voltas

Buy Voltas , says Shardul Kulkarni, Angel Broking.

Kulkarni told CNBC-TV18, "Voltas offers you good opportunities. The stock has given you a very strong triangular breakout and it has moved towards that particular trendline. So I think this opportunity is good time to buy into the stock. Place a stop loss at Rs 113 and trade long. I have a target of around Rs 130-135 and the timeframe is a little longer of around 10-15 trading sessions but that stock will do really well over the next few trading days."

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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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