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Stock picks for August 13, 2012


Stock picks for August 13, 2012
Here are a few stock ideas that could help discerning investors in the medium to long term.

Eicher Motors: Dolat Capital is bullish on Eicher Motors and has recommended accumulate rating on the stock with a target of Rs 2249 in its August 10, 2012 research report.


"Eicher Motors reported top-line revenue at Rs 15.9bn, up 22% YoY led by ~8% YoY volume growth in M&HCV. The company sold 11,979 medium and heavy commercial vehicles (M&HCV). It sold 27,244 motorcycles in 2QCY12, up 62% YoY."

Bharat Forge:Dolat Capital is bearish on Bharat Forge and has recommended reduce rating on the stock with a target of Rs 320 in its August 10, 2012 research report.

"Bharat Forge's exports grew 31% to Rs 5.0 billion, while the domestic operations were down 8% YoY to Rs 4.4 bn. Domestic revenues were down due to sluggish M&HCV volumes which declined 20% during the quarter. Non Auto business grew by 16.4% in Q1 FY13 on a YoY basis with continued traction across sectors."

Tata Motors: Angel Broking is bullish on Tata Motors and has recommended buy rating on the stock with a target of Rs 292 in its August 9, 2012 research report.

"Tata Motors (TTMT)' consolidated top-line registered a strong 30.1% yoy (down 14.9% qoq) growth aided by 57% yoy growth in Jaguar Land Rover (JLR) revenues for 1QFY2013. JLR results were driven by a robust 34.4% yoy growth in volumes led by Evoque (27,207 units) and strong demand in China (volumes up 91% yoy).

Oil India: Motilal Oswal is bullish on Oil India and has recommended buy rating with a target price of Rs 565.


Oil India reported the first quarter of FY13 earnings before interest, tax, depreciation, and amortization was largely in-line at Rs1,100 crore as impact of lower subsidy was off-set by lower sales of oil and gas.

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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