Reliance Industries: Shardul Kulkarni of Angel Broking is bullish and has advised traders to buy Reliance Industries (RIL) on decline.

He is also bullish Larsen and Toubro (L&T) and ICICI Bank and advised to buy on decline

Kulkarni told CNBC-TV18, "Reliance Industries (RIL) would be one of the best buys which one can have, if the market actually gives some bit of correction, because the chart is clearly saying that there is a possibility of around Rs 825-830 being tested. So any decline in case of Reliance I think that would be a good opportunity to enter into the stock."

Titan Industries: Motilal Oswal has maintained neutral rating on Titan Industries with a target of Rs 220, in its August 02, 2012 research report.

"Titan Industries (TTAN) posted lower than expected numbers for 1QFY13. Performance was weak for both Jewelry and Watches. Adjusted PAT for the quarter was INR1.6b against our estimate of INR1.8b. Our estimates are under review. The stock trades at 27.5x FY13E and 22.2x FY14E EPS. Maintain Neutral," says Motilal Oswal research report.

While, Prabhudas Lilladher is bullish on Titan Industries and has recommended buy rating with target price of Rs 225.

To induce consumer jewellery demand, Titan Industries Ltd is pecperimenting with an exchnage scheme in some states and intends to roll out on a bigger scale soon.

Ambuja Cements: Angel Broking has maintained neutral rating on Ambuja Cements , in its August 2, 2012 research report.

"During 2QCY2012, Ambuja Cements (ACEM) posted a strong 34.9% yoy improvement in its bottom-line on account of a healthy 10% yoy improvement in realization (up 8.7% qoq). The volumes too rose by 7.4% yoy."

At the current market price, the stock is trading at a rich valuation with an EV/tonne of US$152 on CY2013E capacity, which we believe factors in the positives of a favorable locational presence. Hence, we continue to remain Neutral on the stock," says Angel Broking research report.

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