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Stock picks for August 23, 2012


Stock picks for August 23, 2012
Markets are expected to open in the green, following hints from the Minutes of the Federal Reserve meeting, which suggested more measures to boost the sagging US economy. Here are a few stock ideas with a long-term perspective in mind.

Bharti Airtel

SP Tulsian of advices traders to buy Bharti Airtel at around Rs 245 with a view of expiry or may be with a view of one week.


Tulsian told CNBC-TV18, "There are two concerns on Bharti Airtel, one is the falling margin, the kind of results which we have seen in case of the company and second is the huge debt lying at the end of the company's book that too in view of the huge capex lined up hereon. I think these are the two major concerns. I don't think that much of the concerns are really not to the knowledge of the market."

Reliance Comm

Reliance Communications is now on the verge of a breakdown and if it breaks below Rs 53-52 level, then there is a free fall so one may short Reliance Comm, says Sudarshan Sukhani of

Sukhani told CNBC-TV18, "Reliance Communications does become a short selling candidate in the sense it is now on the verge of a breakdown and if it breaks below that Rs 53-52 level, then there is a free fall. Some of these charts are so worrying like Bharti Airtel, below Rs 250 there is nothing to hold it the same applies to Reliance Communications. Short sellers must be aware that it need not actually fall below these levels. But with proper money management and proper risk control, it is a short sell."


KRChoksey is bullish on IDFC and has recommended accumulate rating on the stock with a target of Rs 150 in its August 21, 2012 research report.

Recent strong rally (up 22.5% in last three months) in the stock leaves unfavorable risk-reward in near term.; hence we downgrade our investment rating on the stock from BUY to ACCUMULATE with TP of Rs150. Sharp acceleration in infrastructure investments coupled with better policy environment are upside risks to our call," says KRChoksey research report.


Angel broking has recommended accumulate rating on Infosys with target price of Rs 2,530.

A US court has dismissed whistleblower harassment charges against Infosys Ltd filed by its employee-Jack Palmar, as no basis to support any of the allegations was found.

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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