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October 17, 2006 13:44 IST
PRANAV SANGHAVI says, Good afternoon all. Let's begin the chat.
invest asked, can I enter at Bharat Electronics [Get Quote] at current level for 6-12 months time frame PRANAV SANGHAVI answers, Well the markets are at their all time highs. Please be carefull before plunging into stocks. Although BEL is a good stock to hold on to, I would recommend buy on a dip or correction which could be round the corner if the market runs up further rapidly. invest asked, can I buy ONGC [Get Quote] at cureent level for 6-12 months time frame or after bonous I should buy PRANAV SANGHAVI answers, You could buy and hold. But I still say buy on dips. The market is too hot. sachin asked, can i buy titan today PRANAV SANGHAVI answers, Don't put all your money at one go. Buy in parts and on dips. sachin asked, how mkt look like PRANAV SANGHAVI answers, It should rise up a to an extent before it corrects. There is ample liquidity and FII's have been buyers. But beyond a certain point the valuations will not justify further rise. Already PE multiples are high. kaushik asked, Hi Pranav, i hold adlabs @ 376, amara raja battery @ 397 and ganesh forgings @ 43. What are the prospects.. PRANAV SANGHAVI answers, Adlabs [Get Quote] and Amara Raja could be held, Ganesh Forg I don't follow sorry. kaushik asked, I also hold satyam @ 319 (post split price). Should i book profit? PRANAV SANGHAVI answers, Wait for their results. All tech sectors are doing well. You could book half your profit at higher levels. kaushik asked, I also hold kernex microsystems @ 217. what should I do? PRANAV SANGHAVI answers, I would book profit and switch to a frontline when the market corrects. kaushik asked, i have punj lloyd @ 776. the stock does not seem to move much.. any advice? PRANAV SANGHAVI answers, You could switch to TISCO [Get Quote]. amit asked, Prospect of Reliance Communications [Get Quote] pls.What is the likely price band? PRANAV SANGHAVI answers, I still think is a hold. It should cross Rs. 500 in a years time. ravi asked, Hi Pranav, wht is the prospects of balrampur chini, indiabulls and satyam? PRANAV SANGHAVI answers, All look good to me. But the markets are hot right now at all time highs. Hold on to these stocks rather than buying them right now. SAT asked, CAN I BUY MC DOWELL @ THIS RATE PRANAV SANGHAVI answers, Yes you could buy with a longer term perspective. Kumar asked, Eventhough sensex goes to highest level many mid cap & large cap companies which iam holding share values remain unchanged why it is like this. Please advice us, what I should do? Hold or sell? PRANAV SANGHAVI answers, I feel the midcaps would move once the frontline stocks peak and stabilize or consolidate as the focus would then move to midcaps. You could hold. priya asked, hi PRANAV SANGHAVI answers, Hi. pandu asked, sir can i buy infosys at this rate PRANAV SANGHAVI answers, It has already risen sharply after its results if you have a 2 year outlook you could but I would wait for a slight correction to get into the stock. umesh asked, sir, is it the right time to invest in shares or not PRANAV SANGHAVI answers, I would wait for a dip. We have had three continuous days of 175 plus point rise. boby asked, ple tell pentasot & g v film & mercator thanks PRANAV SANGHAVI answers, Barring Mercator, I would not touch the other two stocks. Rao asked, Can we buy Zodiac Clothing at this rate Rs 252 PRANAV SANGHAVI answers, With a long term outlook keeping in mind the growth forcasted for the retail sector, you could. Ashok asked, I have 800 shares of ACC which i had purchased for around Rs. 400. should I sell them if not then till what level i should hold them. As all my holdings are in one company how can i diversify my holdings so that i get better returns. PRANAV SANGHAVI answers, You could book profits on say 30% of your holdings and invest into other frontline growth stocks like TCS [Get Quote], INFY, SBI [Get Quote], ITC etc. But invest only in dips and corrections not when markets are rising a percent plus every day. Rao asked, What may be the target price for Zodiac clothing PRANAV SANGHAVI answers, I do not have a target on Zodiac Clothing but you could easily take a PE multiple of 20 on its expected FY 2007 EPS. Rao asked, What is the future for of Balrampuri chini mills and Sakuma Exports [Get Quote] PRANAV SANGHAVI answers, Balrampur is a strong player in the sugar sector, I would hold on. Sakuma Exports I don't follow sorry. wq asked, Will the Sensex cross the 13K level this Diwali? PRANAV SANGHAVI answers, I think it looks to. The momentum is strong and liquidity is also not an issue. RAJKUMAR asked, HI I HAVE BUY 600 RICHA KNEE PLEASE SUGEST TO ME HOLD OR EXITS PRANAV SANGHAVI answers, I am sorry, I don't follow that stock. dhananhay asked, hi PRANAV SANGHAVI answers, Hi. Abhishek asked, Sir even though the benchmark 30 share index is going strong,mid cap and small cap index isnt showing such high growth levels,also many companies seem to be highly overvalues,so is it the right time to buy stocks?.....when is a corretion in sight? PRANAV SANGHAVI answers, I think beyond a point the stocks will become expensive as compared to their September quarter results. A slight correction would be healthy. I would only pick quality midcap stocks before investing. dhananhay asked, which share is best to buy rightnow PRANAV SANGHAVI answers, I would go with an IDFC [Get Quote] or a SBI. But only when the markets are correcting. Buy in parts on every dip. kpmurali asked, Why are quality Midcap stocks underperforming the market and why only select large cap is moving which makes the cycle weak PRANAV SANGHAVI answers, All focus is on the frontline stocks right now. Once they start to consolidate and slow down then the focus would shift to the midcaps. This would be a good time to pick up underperforming quality midcaps stocks. modi asked, what is the future of essar shipping PRANAV SANGHAVI answers, You could hold on. Shipping sector in general is a cyclical one. But frieght rates have been rising over the last couple of years but seem to be plateauing but falling. Volume of freight movement will only increase. Kumar asked, can i buy unitech at this level for long lerm? PRANAV SANGHAVI answers, Yes you could. But I am again repeating buy it on days its on a dip. jai asked, Hi Pranav - what way sensex expected to go from here PRANAV SANGHAVI answers, Hi Jai. Well it could move up slightly before correcting. But overall on a longer term I think we are in a bullish phase for the next 3 to 4 years, ofcourse all things remaining constant. RAJKUMAR asked, HI SIR I HAVE BUY 500 RPG LIFE SIENCE @130 SO PLASE ADVISE HOLD OR EXIT PRANAV SANGHAVI answers, You could hold on. Rajesh asked, Hi, this is Rajesh I have 400 shares @ 27.50/- of Mirc Electronics [Get Quote], now this is running 26.00, what is target, what to do know PRANAV SANGHAVI answers, Hi Rajesh. There was some news relating to Mirc last week, so the stock moved up. They do have a cash kitty but the competition is hotting up. I think the stock would move news based in the short term. modi asked, i have 500 shares of aftek infosys at 100Rs. hold or sell .medium term call PRANAV SANGHAVI answers, I would book a loss and switch to a frontline stock. If you could hold for a very long term then you may see a profit. dhananjay asked, plz tell me abt reliance petro PRANAV SANGHAVI answers, Reliance Petro will start commercial production close to the year 2010. So you will have to hold till then for substantial gains. Rajesh asked, This is sundar, i got 140 shares of Nagarjuna COnstruction, what may be the target price PRANAV SANGHAVI answers, I won't be able to help you with a target price as I am not a technical analyst. But it is in the construction sector and I am bullish on the sector for the next 3 to 4 years atleast. stockbeast asked, Hi Pranav, Markets are reaching close to the 13000 mark. I hope there are corrections ahead.How low you are thinking the market can go? PRANAV SANGHAVI answers, HI Stockbeat. I think it would breach 13,000 once before correcting. If it breaches 13,000 strongly then it could go up to 13,500 and then correct. But yes a correction looks likely, not necessarily as sharp as the one witnessed in May. ashish asked, Hi Pranav, If TISCO Buys CORUS or even hold 20%, will share prices of TISCO will go up? PRANAV SANGHAVI answers, Of course it will go up. It would be a huge transaction for TISCO but one would have to do a post merger study on the giant thus created. As it would be a leveraged buy out for TISCO as CORUS is far larger than TISCO. ranga asked, hello sir can i buy infosys at this level PRANAV SANGHAVI answers, I answered the query earlier. But on a dip you could and hold for atleast 6 to 12 months. stockbeast asked, Is there any chances that Foreign Investors would withdraw totally from Indian Markets ? if it happen will the market crash like before ? Any guesses on this issue. PRANAV SANGHAVI answers, For the first question, I seriously doubt that. The money invested into India (say US$ 30 billion) is penny change for them as their market sizes are huge. A single Fund like Fidelity manages over US$ 600 billion in assets. The Hedge Fund money would make quick exits if they see better opportunity. sgrsgr asked, Though we bought sugar stock about a year back, Should we hold them or sell?Now we think sugar being an vote bank commodity, chances of rising is remote.What's ur opinion? PRANAV SANGHAVI answers, The sugar stocks have been rising steadily over the last couple of years. They have slowed down right now but you could hold on as the future of sugar sector looks good in the longer term. samvedi asked, How do you see the future of Paramount Communication, Micro Technologies and Gallantt Metals? PRANAV SANGHAVI answers, I don't follow either sorry. ajai rastogi asked, can i sold satyam at this level or hold PRANAV SANGHAVI answers, You could hold. The price movement will depend on the results. sagar asked, Can you tell me abt commoities? PRANAV SANGHAVI answers, Which commodities? What do you want to know? Gold looks bullish with a 1 year perspective. dhananjay asked, hi pranav i heard about JK cement plz advice PRANAV SANGHAVI answers, Hi Dhananjay, Yes you could hold on. I am bullish on the cement sector. mani30 asked, what are the gud stocks at current level PRANAV SANGHAVI answers, I would not get in to the market at current levels. I would wait for a correction. Kumar asked, pls your view new listed gayatri projects, action construction can i buy at these level for medium term? PRANAV SANGHAVI answers, You could look at them with a one year perspective. But wait for atleast a few quarterly results to see the companies performance. RAJKUMAR asked, HI SIR I HAVE HOLD RICHA KNEE 600 @31 WHAT SHOULD DO PRANAV SANGHAVI answers, I don't follow that stock, so I won't be able to help you. raj asked, There is one IPO for DCB, which is not yet listed whose issue price is fixed at Rs 26. Till what level can we hold that ?? PRANAV SANGHAVI answers, Banks on a longer term will do well. But you could switch to a better bank stock once it lists. sagar asked, hai pranav PRANAV SANGHAVI answers, Hi Sagar. Anand asked, Hello Pranav, I have bought 1000 shares each of MH Mills and Thambbi Modern Spinning. Pls suggest whether I should hold or exit these counters? PRANAV SANGHAVI answers, In general the textile stocks have not performed except for those that had strong real estate assets. I do not follow these stocks in particular so wouldn't be able to help you. manish asked, shall i buy tcs and ril at this rate PRANAV SANGHAVI answers, Wait for the market to correct. Then you could surely buy. RAJKUMAR asked, HI SIR I HAVE BUY TODAY NOIDA TOLL WHAT SHOULD DO ? PRANAV SANGHAVI answers, You could hold on as they have expansions plans in the future. samvedi asked, The rally after reaching May high, it has been observed that only Sensex stocks and few midcap have gone up. Do you expect that midcaps and small caps would also join the rally? PRANAV SANGHAVI answers, I replied to a very similar query earlier in the chat. Please refer. Thank you. RAJKUMAR asked, HI PRANAV SANGHAVI answers, Hi. Rao asked, What is the future for Balrampuri chini and Sakuma Exports PRANAV SANGHAVI answers, I think I answered the same question earlier posted by someone else. rajug asked, liberty shoes 200 shares purchased @ 225/- pl.give a view for medium/longterm for this stock. PRANAV SANGHAVI answers, You could look at it with a medium to long term outlook as it is connected with the retail sector. geetha asked, i have nepc india with a heavy loss... what to do with it?is there any chance of its moving up? PRANAV SANGHAVI answers, I would book the loss and switch to a frontline growth stock. DS asked, I have simplex infra shares in which my purchase rate has not come yet. Should I hold or get out of this stock. PRANAV SANGHAVI answers, You could hold for a bit to see your investment price. Or if you can book a loss then switch to a growth stock. lodha asked, How far stock market is expected to go beyond 13000 ? PRANAV SANGHAVI answers, Over the next 3 to 4 years if most things remain constant and the corporates keep up their performance then we could see index levels of 15,000 or above. nisha 10 asked, HI SIR I HAVE HOLD Sona koya 500 @70 WHAT SHOULD DO PRANAV SANGHAVI answers, I would hold on. Most of the auto ancialliary stocks should do well in the future. mani30 asked, how are the prospects of jsw steel and crompton greaves at current levels? PRANAV SANGHAVI answers, You could buy or hold on. Crompton just announced a bonus infact. driven asked, sir i have 17000 ril @ 850 wat should i do PRANAV SANGHAVI answers, You are sitting on a good amount of shares and a decent profit. You could book some profit to invest into other stocks. Otherwise hold on as on a longer term RIL [Get Quote] will perform well considering their large retail and other expansion plans. kumarrajesh asked, shud i hold jagran prakashan or sell it PRANAV SANGHAVI answers, You could hold it. geetha asked, i hold cipla @260..how long i can hold this to get atleast some profit? PRANAV SANGHAVI answers, If you could hold it for 2 more quarters you should see a profit. GPNANDA asked, Targets for NIIT [Get Quote] Tech and R System PRANAV SANGHAVI answers, I am not a technical analyst, so I would not be able to help you with price targets. RN asked, Hello Sir, What is future prospectus of stock market ? Is it right time to sell all the mid cap stock ? I am also holding in INfosys [Get Quote], TCS, Wipro [Get Quote], please suggest PRANAV SANGHAVI answers, Infy, Wipro and TCS do not account for mid caps at all. Hold on to these stocks. As far as midcaps are concerned, the quality ones should move once the frontline begin to stabilize or consolidate. driven asked, sir i have ril 17000 shares bought @ rate of rs.850 sholud i hold or get out of this counter PRANAV SANGHAVI answers, I just answered your question. stockbeast1 asked, I put up two questions as stockbeast and thought of refreshing but now cant see my questions.. I think you have skipped answering them pranav. PRANAV SANGHAVI answers, I have answred atleast one question from you which was an interesting question. geetha asked, at which point i can start buying the shares? PRANAV SANGHAVI answers, It would depend on your investment outlook. But buy at times of corrections and dips with a one to two year outlook. geetha asked, at which point i can start buying the shares? PRANAV SANGHAVI answers, It would depend on your investment outlook. But buy at times of corrections and dips with a one to two year outlook. nisha 10 asked, sir u cannt take my question.what is the problem.I HAVE HOLD Sona koya 500 @70 WHAT SHOULD DO PRANAV SANGHAVI answers, I think I have already answered your question, please scroll back. I am just answering questions in serial order. samvedi asked, My both the questions went unanswered PRANAV SANGHAVI answers, Please scroll back, I have answered your query. Vinay asked, What is the outlook of GACL? PRANAV SANGHAVI answers, You could hold on. lodha asked, Your views on cadilla & lupin PRANAV SANGHAVI answers, Both are decent midcap pharma stocks. algam asked, what will be the posotion of unitech > PRANAV SANGHAVI answers, You could look at it with a 1 to 2 year outlook. It should perform well. suresh asked, hello PRANAV SANGHAVI answers, Hello. RN asked, please suggest for mid cap stocks should I hold or sell PRANAV SANGHAVI answers, You could hold the quality ones. santhosh asked, sir pls tell me the prospects of bajaj hindustan and ranbaxy PRANAV SANGHAVI answers, Baja Hind should do well over the next year. Ranbaxy [Get Quote] is a news based stock but should do well in the next year too. suresh asked, i want to know the tvsmotor shortterm price target PRANAV SANGHAVI answers, I wouldn't be able to help you with a price target but I would hold on considering the steady rise of unit sales per month TVS [Get Quote] has been showing. dhananjay asked, sir what is target price for IDFC it's shot term ya long term plz help PRANAV SANGHAVI answers, I had recommended IDFC in the chat when it was hovering around Rs. 48. I think on a correction one could still buy into it. It is a long term buy. Punit asked, Hexaware [Get Quote] Tech didnt have support above a70 for last few days. but now that it had crossed and seems stable(at least as of now) do you think it will touch 190? PRANAV SANGHAVI answers, The results should justify that price. Being a midcap tech stock it will definately not enjoy the pE multiples that Infy or TCS would. prem asked, dabur PRANAV SANGHAVI answers, You could look at it with a medium to long term outlook. sv_suresh asked, Wht is the feature prospect for the HCC and SUNIL HITECH PRANAV SANGHAVI answers, You could hold HCC, it should do well in the future. Sunil Hitech I don't follow sorry. Vinay asked, Plz your comment on Guj Ambuja Cement [Get Quote]? PRANAV SANGHAVI answers, I would buy and hold on to the stock. It should give good results over the next year or so. I am bullish on the cement sector. PRANAV SANGHAVI says, Well, it has been great chatting with you guys. Next week being Diwali Holidays, I shall take a break and see you'll the week after. Happy Diwali and a prosperous New Year to all of you and Happy investing! Bye!
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