Stock picks for August 6, 2012

Here are a few stock ideas that could help discerning investors in the medium to long term.

At the current valuations at 1/0.9x FY13/14E ABV looks fairly priced looking at the impending risks. Downgrade to REDUCE and target price of Rs 30, Emkay Global Financial Services research report.

Motilal Oswal is also bullish on IPCA Laboratories and has recommended buy rating with a target price of Rs 523.

"IPCA Labs' recorded better than expected revenue growth - up 19.7% YoY to Rs 6.34bn. Growth was primarily driven by rebound in domestic formulation (up 18.6% YoY) and 58% growth in export API's (ramp-up in recently added capacities as well contribution from Tonira Pharma)."

GoodReturns.in

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.