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Did you make profits while the markets soared to 20K? Do you know which stocks to invest in at the moment? Is this the right time to buy tech stocks?
Will cement stocks do well in future? Market expert Pranav Sanghavi replied to many such readers' queries during an hour-long chat on Wednesday. Here is the transcript:
PRANAV SANGHAVI says, Good afternoon everyone and welcome to the chat. Let's begin.
navin asked, Hi Pranav, Good Afternoon. I hold 1000 shares each of RPL and RNRL at 121 and 88. Kindly advice if they are worth for long term and shud I accumlate more on dips. Also give me your call on Ispat Industries [Get Quote]. Thank you
PRANAV SANGHAVI answers, at 2007-11-07 12:05:23Hi Navin, well both the stocks have run up substantially and especially RNRL where there is no actual future business as of now to discount unlike RPL which has a refinery going on stream sometime next year. RPL you can hold witha 2 year perspective and RNRL only after confirmation of various news flows about the gas settlement with RIL [Get Quote]. Ispat has been under BIFR at one point. Unless the promoters have strong plans to pump in money to revive the company or their quarterly results show consistent growth in turnover and capital one should stay away.
ganesh asked, Should i buy RPL now at 217 or wait till further dip?
PRANAV SANGHAVI answers, I would wait for further dips.
anis asked, I am holding 80 TCS [Get Quote] @ 1307. Please advise if I hold opn for another year if I will get good returns or should I book loss here.
PRANAV SANGHAVI answers, I would rather book a loss and get into a growth stock for that time frame and then get in to TCS at a later stage when things are more clear as to what steps the company takes to combat the falling dollar. Although the company looks to grow handsomely in dollar terms but eroding dollar value in Rupee terms will hamper its Rupee performance.
deepak73 asked, hello sir i have 50 shares infosys and 28 shares l&t also i have 200 shares of unitech ,50 shares wipro 200 shares petronet lng what should i do hold on them and yes i do have rpl also 300 shares which i am looking for longterm
PRANAV SANGHAVI answers, I would surely hold on to L&T, Unitech. The tech sector wills till remain a bit lack lustre for some more time. RPL should give you decent returns if you hold it for another couple of years.
priyaaggarwal asked, Is it a good time for a novice to enter the market considering a 1 year time period
PRANAV SANGHAVI answers, You could look at entering but on a correction. Currently the market have seen only a 3-4% declline from its highs. I would like to get in when it corrects by say 10 to 15% like it did a couple of months back.
Deepak asked, Hi Pranav, I hold shares of REL, RPL, RNRL, PetronetLNG, and Tata Power [Get Quote] and have already seen a lot of rise in almost all of them since the last 4-5 months when bought them. I have no need for money right now. Shall I still need to sell these and wait for a correction? Or can I expect these to have higher prices in say 6-8 months later(taking into consideration the temporary dips they may went through).
PRANAV SANGHAVI answers, If you are an active trader you must always book profits at higher levels. You can always get back into the stock at times of corrections. RPL, RNRL Petronet all are momentum stocks. So in a correction they will fall sharply. Where as REL and Tata Power are the leading players in the power sector and if you hold them for a longer term you willsee good returns.
Mubsy asked, Can i enter RNRL now ..If not then at what levels shd i enter. I can hold it for 2-3yrs.
PRANAV SANGHAVI answers, I would wiat for further fall.
santhanam asked, I am a shareholder of R I L.I am not having any Pan card or D'mat accont.I want to sell my shares. what is the procedure.
PRANAV SANGHAVI answers, Unfortunately right now SEBI has made it mandatory for all investors to have a PAN No. and Demat a/c. So to open an account with a Broker you will have to get both.
Giree asked, Hi Pranav, Good Afternoon. I hold 300 share of IOB and 500 share of TTML, brought thru initial IPO What is your call... Hold or Sell??
PRANAV SANGHAVI answers, Hi Giree, if you are a long term investor you could hold on to them. IOB surely hold TTML you could swithc to a better telecom player.
munira asked, i have 50 infosys.. what should i do??hold it or sell it ??whats future of infosys shares
PRANAV SANGHAVI answers, In the short term the IT pack willbe affected by the Rupee appreciation. So in the short term they will remain underperformers as I had mentioned in my previous chats.
Marc asked, What are the future prospects of Tech Mahindra [Get Quote] ? It seems to be going down and down. When are the BT contract revenues going to start adding to its kitty and will it make any difference ?
PRANAV SANGHAVI answers, I think from FY08. The problem is that all the ITstocks are getting hammered by the Ruppee appreciation and Tech Mahindra is no exception. But I think they will post betterresults than most ofits peers at least in percentage terms. If you can hold for a period of 12 months you could hold on.
prakash asked, Hi Pranav, I want to buy MUDRA LIFESTYLE [Get Quote] for 2 years, what is your suggestion
PRANAV SANGHAVI answers, The retail segment like the telecom segment is witnessing a boom. I think the retail segment should rise steadily for the next 3 to 4 years. And Mudra will benefit from the same.
ANUJ asked, SIR, WE HAVE SHARE OF POWER GRID. SHOULD I SOLD IT OR NOT.
PRANAV SANGHAVI answers, Surely hold on and with a longer term perspective too.
girish asked, hello sir good morning ! can i buy indian hume
PRANAV SANGHAVI answers, They are a niche pipe maker. With the infrastructure boom that we are witnessing you could look at the stock.
partha asked, i purchased kouton at 415 now 660 can i sold it or not, i have plan to purchase gmr pls give suggestion on this issue
PRANAV SANGHAVI answers, The retial industry is witnessing a boom and eventhe garment segments. Koutons has large expansion plans and if they deliver them the company should do better in the future. I would hold on.
Mubsy asked, At what level i shd enter powergrid ? I can hold it for 1-2 yrs.Please suggest.
PRANAV SANGHAVI answers, Anything around 120 levels or below should be a good buy.
sudhir asked, I HAVE 50 EACH OF PUNJ LLOYD [Get Quote], ABG SHIPYARD [Get Quote] & BHARTI SHIPYARD SHOULD I HOLD OR SOLD. I CAN HOLD FOR NEXT 3 TO 4 YEARS
PRANAV SANGHAVI answers, You could hold on to Punj for sure. As far as the other companies go, I would track their performance closely.
ps asked, What are your views on US recession and impact it may have for the market?
PRANAV SANGHAVI answers, We will have a marginal impact I think. I say this because I strongly believe our growth story is majorly dependent on our local growth and not an heavily export dependent economy like say China. So, even if the US amrkets go in to a recession we will be affected but not as drastically.
ps asked, Will election next year have a major impact ? When should I look at booking partial profits ? I am holding for more than a year so have no tax implications.
PRANAV SANGHAVI answers, We are at all time highs. You could book partial profits and wait for a correction. The election will surely have an impact as it will create some sort of uncertainty as to who will be ruling the country and if the BJP alliance comes in will they continue the good work that the Congress has done etc.
ganesh asked, On wat factors share price of RPL mostly depends upon?
PRANAV SANGHAVI answers, Basically people are discounting its 2009 and 2010 years earnings. But giving it such a high premium in the current year is not justifiable. But noone can dictate the markets.
ps asked, What is your take on Walchandnagar Industries [Get Quote] ?
PRANAV SANGHAVI answers, They have a decent balance sheet but they also have untapped assetslike land in the company. I would surely hold on.
guest asked, hello sir, can i buy inox leisure
PRANAV SANGHAVI answers, Yes. They have decent expansion plans and are showing good resutls for their existing complexes.
ps asked, Is torrent power good to enter at these levekls?
PRANAV SANGHAVI answers, I would wait for corrections to enter Torrent [Get Quote].
ravii asked, Hi Pranav i hve applied mudra & rligare IPO for 5 lots can i get allotment...& Market will decline further......wht will be the feuter of rnrl i hve 350@191rs .....?thx
PRANAV SANGHAVI answers, Your allotment will depend on the ratios that the company declares based on the number of applications it receives. Markets could correct a bit more.
ramesh asked, Rs 30,000 in my hand. I want purchase some share at monday 12.11.07. so plz give some idea that which share i purchase. I new in this share market
PRANAV SANGHAVI answers, I would wiat for corrections to get in. But youcould look at stocks like, RIL, DLF, L&T, BHEL, SBI [Get Quote], Bharti, RCom on declines.
ps asked, Cement space has been underperformeing hte markets. can I enter at these levels ?
PRANAV SANGHAVI answers, Yes I am still bullish on the cement sector and strongly believe that the demand will outstrip the supply in the future even though there are newer capacities going onstream in a couple of years.
devinder asked, I've 100 share each of RNRL,RPL,POWERGRID CORP and UCO Bank [Get Quote],purchased at 92,175, 136,and 41 resp. I'd like to keep it for long term prospective i.e 2 year. Pleas
PRANAV SANGHAVI answers, You could hold all of them for that time frame. RNRLI would wait forthe outcome of its settlement with RIL. The other 3 I don't see any problem in holding.
rahul asked, What is listing price do you expect for Mundra port? Will it beyond 600?
PRANAV SANGHAVI answers, It will depend on the oversubscription, the demand from FII's and also the markets sentiment on that particular day.
daspeedee asked, what shud b the strategy for IFCI.what is ur 6 months price target ?
PRANAV SANGHAVI answers, Now that the stock has touched a high of Rs. 100 plus, I think nowthe valuation the company receives from it bidders and their future plans forthe company will dictate the price.
ravii asked, Hi sir there is some news abt split & bonus issue in walchandnagar idus......Plz required ur suggetion can i purchase this stok at this level........?
PRANAV SANGHAVI answers, No I have not heard of any firm news on that accord.
venugopal asked, Hi Pranav, I have IFCI@78,RPL@235,RNRL@48, Teledata@66, Kirloskar oil engines [Get Quote]@179, Tata power@1220,ITC@161 & Welspun gujarat@235. I want to trim my portfolio. which one should I need to sell and which one I need to hold for long term?
PRANAV SANGHAVI answers, I would look at getting out of Welspun, Teledataand Kirloskar and look at say DLF, SBI, L&T or even a power grid etc.
devinder asked, Please suggest about IDEA,NTPC,SAIL [Get Quote] with 4-6 month time frame
PRANAV SANGHAVI answers, I think all three will definately be good performers over thenext 2 quarters and probably even longer. I would surely hold on to all 3.
Mohanraj asked, I have 20 infosys, 100 gmr, 50 unitech, 50 DLF, 100 Hotel Leela. When i will sell this stacks?
PRANAV SANGHAVI answers, I would hold on to all except probably Infy. You could set a profit target for these stocks and sell when you achieve the same.
PVENUKUM asked, i have 200 shares of UCO Bank at rs.48 should i hold or sell at loss.
PRANAV SANGHAVI answers, I would hold on. You will see a profit on this stock. You will have to hold for 6 to 12 months.
sreedhar asked, Hi Pranav, I am having Suprajit Engineering Ltd [Get Quote]. shares 40 i bought at 152 now the price is 93 what is ur openion on this.
PRANAV SANGHAVI answers, Sorry I don't follow that stock so will not be able to help you.
Arpan asked, Chance of DLF crossing 1000 by this nov??
PRANAV SANGHAVI answers, I had predicted a price of Rs. 850 by March 08 sometime in August or September. But it has already achieved that. But Rs. 1000 could be seen once march end results are declared.
parvez asked, Pranav, how do you see the future of Lanco Infra and Cairn India [Get Quote]?
PRANAV SANGHAVI answers, Cairn is being looked at closely by a lot of Brokeerages and could rise steadily from here on if they manage to deliver the results. Lanco could be hald as their developments will bear fruits next year onwards.
Manish asked, Sir I have purchased 1000 RNRL for Rs 185. What should i do looking at the present situation where it has become impossible to sell
PRANAV SANGHAVI answers, You have got in very close to the high band. It was very expensive and you should have booked profits. Now you could buy further after it corrects more to average out and hold on for 6 to 12 months.
shiv asked, can i hold rel for two months from now?
PRANAV SANGHAVI answers, Yes. They have large expansion plans in terms of new power projects.
parvez asked, I have been holding Bihar Caustic for quite sometime @ Rs.75? do you suggest me to hold or dispose them off?
PRANAV SANGHAVI answers, yes and switch to a growth stock.
muni asked, wnat to know the future of rnrl. and infosys
PRANAV SANGHAVI answers, I have replied to simillar queries in my previous replies I would suggest you to scroll back thank you.
diwakar asked, please suggest about 3i infotech when there will be momentum
PRANAV SANGHAVI answers, One the Dollar stops depreciating against the Rupee. Or any news based story.
dinesh asked, I have escort at 118 and powgri at 158 What is your take on these 2
PRANAV SANGHAVI answers, I am surely bullish on Powergrid but Escorts I would wiat for the next 2 quarter results to see how they fare.
uma asked, Hello Pranav, HOW are GIC HOUSING, FORTIS HEALTHCARE [Get Quote] AND RIDDHI SIDDHI FOR THE LONG TERM ?? They have not participated in the recent rally and available cheap
PRANAV SANGHAVI answers, You could look at GIC housing and Fortis. I don't follow the other stock.
qwerty asked, I have deccan chronicle, Rel Energy, Airtel, and Reliance communications [Get Quote].which should i sell..i am a short term investor
PRANAV SANGHAVI answers, You could book priofits and get in when theres is a correction. Although REl, Bharti and Rcom can be held with a 12 month perspective.
rakesh asked, hi pranav is RNRL a good buy at current levels.
PRANAV SANGHAVI answers, No I would wiat for futher dips.
sumit2 asked, pranav what's your opinion on petronet lng?
PRANAV SANGHAVI answers, I think it is a long term play stock and can be held on surely.
mandar asked, I hold bosch chassis systems. What is the long term and short term view from your end
PRANAV SANGHAVI answers, In the short term the higher interest rates will indirectly affect the auto ancilliary segment but in the longer term the company should do well as the interest rates may come down next year.
sheakr asked, Hi Pranav, good afternoon. I just have a simple question. I am a novice to the stock trading and stock market. I want to become a professional trader, please tell me how to go about it and where to start.
PRANAV SANGHAVI answers, I would recommend that you undertake the basic and advanced courses offered by both the exchanges' Training Institutes. You can also take up courses related to offered by NMIMS, ICWAI etc.
qwerty asked, i have taken a long call on infosys nov 2007...should i square off my position
PRANAV SANGHAVI answers, Currently the dollar is still sliding. So Infy may not jump back to its 2000 levels soon.
Lawrence asked, Pranav, Are Elecon Engg (50 @ 260), NIIT [Get Quote] Tech (60 @ 333) and Jai Corp [Get Quote] (20 @ 1047) good buys? Thanks
PRANAV SANGHAVI answers, You could look at all the three. Jai Corp an Anand Jain (Of Reliance) owned company has apparently a large stake in an SEZ coming up accross the Bombay Harbor.
satay asked, I have 500 shares of ISPAT@30,but from last month there is no any gain,result is good,so what is wrong with ISPAT,should i hold
PRANAV SANGHAVI answers, I would rather stay with frontline stocks like Tisco [Get Quote] and SAIL.
qwerty asked, i have taken a long call on infosys nov 2007 at 1950 for Rs 38....it is now at rs 17. should i square off my positions or wait for the infy stock to increase
PRANAV SANGHAVI answers, You could as the stock may not cross 1950 soon.
Lawrence asked, What is your view on Jai Corporation?
PRANAV SANGHAVI answers, The balance sheet alone does not justify the price but the fact that the promoter is considered Dhirubhai's third son and a major SEZ project has been planned in a 100% subsidiary looks to have ramped up the price.
Ramesha asked, Should i buy RCom @720?
PRANAV SANGHAVI answers, With a 6 to 12 month perspective yes but not with a one month perspective.
shyam asked, Hi Pranav, Can i buy L&T at 4200 with a time frame of 1 year or wait for further slide in the stock
PRANAV SANGHAVI answers, The stock may correct at times of the correction as its weightage in the Index has increased of late. But otherwise it is a good hold for 1 year surely.
manoj123 asked, Hi Pranav..Market is only for big investors and FIIs... they take it to 20000 and then again they bring it down saying that now its expensive...Government did the right thing to ban the P-notes. Its was just tool for big fishes to play with market.On one hand you say Fundamentals are strong, still our markets are fluctuating. Pranav any comments.
PRANAV SANGHAVI answers, I totally agree with you on most counts. The markets are unfortunately being ruled by the FII investors. Our local fund houses and insurance companies do not have the wherewithall to combat the FII might. Also the PNotes ban is actually for the betterment of clarity in the markets and the FII investment. The government had doubts of the source ofthe Funds which suddenly saw a huge jump in inflow over a short period of time. Fundamentals remain strong as long as our top 150-200 corporates continues their growth performance.
Prithiv asked, what is your view on commodity trading , can novice players go for the commodity market ?
PRANAV SANGHAVI answers, In commodity markets, margins are even lower as compared to teh futures markets, therefore one has to be more carefull and know the commodity markets well to trade in them.
vishu asked, i have 100 bharti at 890 and 18 Reliance capital [Get Quote] at 912 should i hold it ?
PRANAV SANGHAVI answers, You could hold on. In RCap you are making a decent profit so you could book some profits.
ddd asked, HI Pranav, what is the right index to enter the current mkt..
PRANAV SANGHAVI answers, On days of corrections when the marketsare down byt 2 to 3 %.
raj asked, hi pranav, i hold torrent gujarat,nrc,videocon ind., can u guide me on same. i can hold long term if needed.
PRANAV SANGHAVI answers, You could hold them for 6 to 12 months to see a 15 to 20% rise.
PVENUKUM asked, HI PRANAV I APPLIED FOR RELGOL OF IPO AT 100 RS PER SHARE OF 150, WILL I EXPECT PROFITS WITH THAT
PRANAV SANGHAVI answers, Most new issues are listing at premiums so you could.
ritesh asked, Ive RPL 25 shares at 181 i want to buy more should i buy it now or wait for somne time
PRANAV SANGHAVI answers, I would wiat.
dineshbalki@rediffmail.com asked, Dear Pranav : I am a small timer in the market, What is happening to DHANUS TECH, will it go up, What about RNRL and RPL will it shoot up like it did few days back
PRANAV SANGHAVI answers, I dont' follow Dhanus Tech so won'tbe ableto help you but Ihave given replies regarding RPL and RNRL earlier so please scroll back to check thank you.
PRANAV SANGHAVI says, Well its time for me to leave. it was great chatting with you all and due to the numerous questions and time constraints, sorry I have not been able to answer all questions. bye for now.
Chat with Pranav every week!
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