Stock picks for September 10, 2012

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Stock picks for September 10, 2012
Here are a few stock ideas with a long-term perspective in mind.

Apollo Tyres

Buy Apollo Tyres on dips, says Sudarshan Sukhani of

Sukhani told CNBC-TV18, "Apollo Tyres has been on a roll, it broke out of that Rs 78-79 resistance and it has come in the buy list earlier also. It is now willing to breakout to new highs. That's always good news for a stock; a stock that is in an uptrend, consolidates and then breaks out to new highs is a stock we want to buy."

Sterlite Industries

Angel Broking is bullish on Sterlite Industries and has recommended buy rating on the stock with the target price of Rs 115.

Sterlite Industries, Vedanta Aluminum, has announced closure of its 1 million tonne alumina refinery at Lanjigarh on account of non-availability of Bauxite.

Hero Motocorp

Angel Broking is bullish on Hero Motocorp and has recommended buy rating on the stock with the target price of Rs 2,428.

Hero Motocorp Ltd has decided to lower production by 15-18% for september compared with the first five months of FY13 to avoid inventory pile-up. As per reports, the firm will produce a total of 448,00 units against the production average of 525,000 units in year-to-date FY13.

OnMobile Global

Sudarshan Sukhani of is bullish on OnMobile Global and has recommended buy rating on the stock.

Sukhani told CNBC-TV18, "OnMobile Global has a very deep correction, virtually like a small bear market. That correction was over yesterday when it rallied very nicely. The rally suggests that the uptrend is resuming. It should be bought into. Maybe a target of Rs 42 and then see what happens beyond that."

Jaiprakash Associates

Sudarshan Sukhani of is bearish on  Jaiprakash Associateson and has recommended sell rating on the stock.

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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Story first published: Monday, September 10, 2012, 8:51 [IST]
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