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As usual, people were eager to know if it is safe to invest in stocks now during the weekly market chat. Market expert
Pranav Sanghavi was quick and accurate in his replies. Here is the transcript:
PRANAV SANGHAVI says, A warm hello to you all. I am here and let's begin the chat.
siya asked, Mr.Pranav, what is your view about "sell" when share price goes up and buy when market down and again sell when share price goes up, rather than 'hold' as you say always
PRANAV SANGHAVI answers, What you are talking about is globally known as taking a contrarian view on the market. That is a view against the market momentum. When I did start the chat the markets were in the throws of a major correction and a lot of investors had lost hope and conviction. My advice for hold should have paid off as most of the frontline stocks which I asked them to hold on have risen back sharply.
siya asked, Mr.Pranav, Iam holding ABB 30 share @ 2300/- what is the future of this stock for three years view?
PRANAV SANGHAVI answers, I would hold on as ABB is in the power sector equipment business and most parts of India witness acute shortages of power. A growing nation like ours will have tremendous demand for power to supplement it's growth.
kaushik asked, Hi how do u see the mid and small cap banking space? i hold 500 shares of Dena Bank at 24. Should i hold?
PRANAV SANGHAVI answers, As most of the banking rate hike related issues are getting clearer the midcap banks have started their up move. I would study a midcap bank, look at its NPA percentage and its Balance Sheet before investing. But there are a lot of good Midcap Banks available. Yes you could hold on.
kaushik asked, What do u think of Punj Lloyd? I have 50 bought at 760?
PRANAV SANGHAVI answers, It is close to your purchase price. It is a commodity stock. So you will have to keep a constant watch on the world commodity index and markets.
kaushik asked, Do u think Kernex Microsystem will rally further in the short term?
PRANAV SANGHAVI answers, I am sorry I do not follow that stock.
amol asked, what u expect in the short run. what level index will touch and the right time to sell.
PRANAV SANGHAVI answers, As I have mentioned in my earlier chats also, one can never predict the right time to sell. One has to see if your profit target has been achieved or if you have another opportunity for investment for which you need liquidity etc. In the short term there could be a small correction but in the longer term markets should move up gradually.
kaushik asked, Any views on NOCIL? I have 1000 @ 27.
PRANAV SANGHAVI answers, You could hold on for a 10% return then switch to another growth stock.
Gaurav asked, Do you think it is the right time to invest in HPCL
PRANAV SANGHAVI answers, The Oil sector has witnessed a lot of ups and downs. A lot of factors affect the oil stocks and especially in India. If you go plainly on fundamentals this stock is a buy but a lot of other global factors affect these stocks. So one has to be carefull.
Gaurav asked, What is your long term view on Pantaloon Retail
PRANAV SANGHAVI answers, I am bullish on the stock. I have personally seen a presentation on their expansion plan and their retail format stores of various sizes. I think they will do well in the future. Ofourse, one has to keep in mind the if FDI will be freely allowed then global giants like TESCO and WALMART will jump in and Pantaloon will have stiff competition.
pam asked, sir, aban lloyd & unitech were around 80 and 20 3/4 yrs back; are now in the range of 1k.could you suggest any such stock which will unlock value like them in future?
PRANAV SANGHAVI answers, There are various stocks which could be potential blue chip stocks of the future. One thing a person should keep in mind is which industry is the company in. Is it a sunrise industry or is there already a lot of competition. Also, one could look at the management and its track record etc. One stock which immediately comes to mind is Praj Industries which manufactures plants for Ethanol which is a sunrise industry according to me.
Gaurav asked, Does CIPLA look good at 247/- .Should one purchase it with a 3 year view
PRANAV SANGHAVI answers, Yes you could.
mokvin asked, What is your short term and long term view on Paramount communication , Rajesh Exports and Shri precoated steel?
PRANAV SANGHAVI answers, I don't follow the other two. But Rajesh Exports' Balance sheet shows that it is essentially earning the spread in the Indian saving interest rates and the foreign lending rates.
shweta asked, CIPLA WILL REACH 600++ IN THREE YEAR
PRANAV SANGHAVI answers, A lot of investors will be very happy if it does.
destock asked, hi , will nifty f&o august expiry fall to 3330 this week?
PRANAV SANGHAVI answers, In this week it looks difficult. But markets are very unpredictable and anything is possible.
Brijesh asked, Good day Pranav. I have 100+ shares of TCS. Would you suggest selling them off and buying shares of Infosys instead ?
PRANAV SANGHAVI answers, Well both are frontline tech stocks with good growth potential. I would hold on to TCS.
hitesh asked, i wanna to know on which share i invest know if i wanna to invest for 2-3 months
PRANAV SANGHAVI answers, I have given out various stocks in my previous chats. I would request you to go through the previous chat transcripts. Thank you.
destock asked, what is expected short term tgt for tulip?
PRANAV SANGHAVI answers, Sorry I don't follow that stock.
investor asked, should I buy ACC,madras cement,Avertis at current level for 4 to 6 months?
PRANAV SANGHAVI answers, I feel the cement sector as a whole will do well over the next few years. Avertis I have not heard of. Do you mean Aventis Pharma?
siya asked, Hi pranav, Heard one news from Mr.Robin Griffiths, he predicts index could be 7670 level by late October this year what is your view?
PRANAV SANGHAVI answers, I seriously doubt that our markets could hit that levels. As in the past we have seen tremendous support both locally and from foreign players at 9000 levels.
AMIT asked, I AM HOLDING 2000 SHARES OF GUHARAT AMBUJA EXPORTS. SHOULD I HOLD ON AT THESE LEVELS OF Rs. 20
PRANAV SANGHAVI answers, Switch to a better stock.
vivek asked, Whats about RPL
PRANAV SANGHAVI answers, As mentioned in my previous chats, you will have to hold on for a longer term to see substantial gains.
siya asked, Iam holding uco bank 1000 @ 18 vishal exporters 2000 @ 5 now no loss no profit should I hold or sell?
PRANAV SANGHAVI answers, Switch to a better stock.
krishnapvm asked, what you see of index in two months downline
PRANAV SANGHAVI answers, I see it consolidating and gradually rising.
jay asked, what about mtnl
PRANAV SANGHAVI answers, It's a good mid term midcap stock.
AMIT asked, What should i do with Rajeswari Foundations ( formerly Rajeswari Graphics ) I am holding 2000 shares, it has gone upto Rs. 73, currently trading at around Rs. 30
PRANAV SANGHAVI answers, I would book a loss and switch to a frontline growth stock.
destock asked, what about SCI ??? will it cross 150 short term?
PRANAV SANGHAVI answers, SCI is one of the largest Indian shipping companies. It could but you will have to see its september quarter results.
sonzy asked, Any idea with Suzlon short term targets ? my position is of 1230
PRANAV SANGHAVI answers, You have purchased recently it seems. Longer term it should perform they have a lot of plans for the future.
sayuj asked, should i buy hero honda at this level
PRANAV SANGHAVI answers, Hero Honda has given decent sales numbers for this month also. But there could be a slow down in sales. Watch the sales numbers and its next quarter performance. Also the input cost of the raw materials also has to be seen.
destock asked, wht abt VSNL will it touch 800 and when???
PRANAV SANGHAVI answers, Nobody can predict when a particular stock will touch a particular price. But at current levels you could look at the stock with a long term outlook.
PDoshi asked, Raj Rayon 475 average buy at 65, pls advise, Ultratech 33 Avg buy 800 pls advise, bongaigoan Ref 240 Avg buy at 60.5 cum dividend, pls adv
PRANAV SANGHAVI answers, Hold Ultratech. I think it will perform even better in the future. You could hold Bongaigaon also. Raj I don't follow sorry.
aka asked, hello Sir, Would you please tell about hyderabad ind. I bought at 350. will it appreciate in next six months. What is the future.
PRANAV SANGHAVI answers, Hello AKA. Sorry I dont follow the stock.
TA asked, technically where do u think the markets are headed?
PRANAV SANGHAVI answers, I am not a technical analyst. I solely look at fundamentals.
PRABODH asked, what is your expection about sensex touching 12000 mark in a month
PRANAV SANGHAVI answers, Nothing is impossible. But I would rather that the markets correct as it has a one sided 2500 points rally.
jassi asked, is it right time to enter market for retail investor like me
PRANAV SANGHAVI answers, Any time could a right time for an investor. If you have a 3 year outlook yes. If you have one week outlook may be no.
sanjaykr asked, Any tips for intraday trading. what precaution one should take to avoid losses.
PRANAV SANGHAVI answers, I am not in favor of day trading and dont take daily calls on stocks. One precaution is to watch the market constantly. Although the best precaution is to avoid it completely.
investor asked, BPCL short term feature?
PRANAV SANGHAVI answers, Please refer to my earlier reply in this chat on HPCL.
yogesh asked, Hi Pranav, What can be the peak of marker in coming 2-3 months?
PRANAV SANGHAVI answers, I woudn't be able to predict that. But next year if the companies do keep performing the previous tops could be breached.
shilpa asked, shall i enter HCL tech, gitanjali gems at current levels
PRANAV SANGHAVI answers, I would cautiously watch a couple of quarter results of Gitanjali as it has just listed before taking a call. HCL could be looked at with a longer term view of over six months.
vik asked, i have 623*42 Birla Power Sol. what's the future of this share. sell or hold?
PRANAV SANGHAVI answers, It is well below your purchase price. You will need to hold for a long term to see your purchase price. If you can take the loss then switch to a growth stock.
TAPAN asked, Sir, your outlook on Ranbaxy and Hindalco in the medium turn?
PRANAV SANGHAVI answers, Both should perform well in the future. For Ranbaxy you have to keep a watch on the news and for Hindalco you have to watch the global metal indexes.
kaushik asked, Hi can u suggest some good pharma stocks at with a horizon of 6-12 months..
PRANAV SANGHAVI answers, You could look at Dabur with a one year outlook in the midcap space.
ROHIT asked, YOUR FORECAST FOR GUJAMB
PRANAV SANGHAVI answers, I am assuming Guj Amb Cem. In my previous chats also I have said I am bullish on the cement stocks and this stock in particular will do exceptionally well.
vak asked, what ar the prospects of Bombay dyeing
PRANAV SANGHAVI answers, Bombay Dyeing has massive real estate development plans on the land owned by the company in the Mumbai City. If the plans are approved and allowed to do so it should benefit substantially in the future.
TAPAN asked, Sir, your outlook on Ranbaxy for Ranbaxy and Hindalco for the medium term?
PRANAV SANGHAVI answers, I think I just replied to a similar query by somebody else.
undoosan asked, Are retail investors coming back to the IPOs now?
PRANAV SANGHAVI answers, Yes some of the recent IPO's shows that a small percentage of the retail investor is coming back to IPO's. But its the QIB's who are really investing.
vivekanand asked, Hi i have 1000 shares of prism cement at 32.25. Pls suggest what should i do?
PRANAV SANGHAVI answers, You could hold on. When you are in profit you could switch to a quality cement stock.
Nitin asked, Any insight on Bata ? - is it attractive at current levels (215) - before the market mayhem it was around 315.
PRANAV SANGHAVI answers, Yes Bata is one of the midcaps which was hammered in the correction. THey also have plans ofr real estate development which will enhance their profitability.
krish_chat asked, I hold UCO bank shares Bought for 28 now its in 18 should I sell them
PRANAV SANGHAVI answers, I would hold on.
Sai asked, Can you please suggest me infrastructure and cement shares for 1-3 years time horizon
PRANAV SANGHAVI answers, In my previous two chats I have given out some stocks. Please refer. For the infrastructure industry you could piggy back with IDFC.
undoosan asked, Is it fair to expect Infosys to appreciate about 25% for a period of 1 year from now?
PRANAV SANGHAVI answers, We it has already appreciated a lot already. They are anticipating a growth of over 37%. If they continue the same the stock also should perform proportionately.
shree asked, HI Pranav, can u tell about Dabur ? it this right time to purchase dabur shares, I wish to invest Rs 10k
PRANAV SANGHAVI answers, I just answered a query on pharma stocks. Please refer.
Arya asked, Dear sir I am long player I have brough AIR deccan shares during the IPO at a price band of 148 currently it is going on 82 to 86 how long it will take for me to get my Price
PRANAV SANGHAVI answers, Please refer my previous chat where in I have mentioned in detail about the airline industry in general and Air Deccan in particular. Thank you.
Guruprasad asked, balrampur chini and dhampur sugar didn't raised in this rally as other stocks did in this industry. whatz the reason. What is near term prospects of markets. would it correct or continue and after that sudden crash
PRANAV SANGHAVI answers, If the sugar sector does perform in terms of results both these stocks could witness a rise. In the near term there could be a small correction before gradually moving up.
PRABODH asked, Hello Dear, what is your expection about sensex touching 12000 mark in a month or less
PRANAV SANGHAVI answers, I think I alrady answered this query earlier.
Nitin asked, How do you chose what questions you want to answer?
PRANAV SANGHAVI answers, In serial order or first come first serve basis. Only if they are very similar ot a previous query do i skip them.
krish_chat asked, What is the overall growth view on Cement industry
PRANAV SANGHAVI answers, Please refer my previous chat.
chhabra asked, Is it right time to invest in ABB OR L&T
PRANAV SANGHAVI answers, I would look at L&T. It is still inclusive of bonus.
prasadsrinivasan asked, What is the ideal way of building up a long term portfolio? In small lots? Also, how do I time selling?
PRANAV SANGHAVI answers, I would recommend going with a good diversified SIP Fund scheme.
raja asked, der sir plz tell me about indo tech tr and pratibha i have both stock 1000 nos
PRANAV SANGHAVI answers, I am sorry I dont follow these stocks.
Nike asked, which is the best stock for a short term like 1 or 2 months
PRANAV SANGHAVI answers, There are various stocks which are a bit undervalued. You could pick L&T for bonus.
vaikund asked, What is ur views on L&T. Can i enter at this level or wait for some correction. My horizon is 1-3 years.
PRANAV SANGHAVI answers, I am bullish on the stock and you could see substantial gains over a 3 year period.
ugander asked, Also pls give us direction for infosys stock in next 2 years term.
PRANAV SANGHAVI answers, In 2 years it could reach its pre bonus rate.
Sholapurkar asked, I have 15 shares of Peninsula which was earlier Morarjee realities.Should I sell it know or can hold for 1 year.My purchase price is 500/ .
PRANAV SANGHAVI answers, I would hold on as they are still developing stage and once they sell their properties will the real profit be realised.
Naresh asked, Dear Sir I am holding 2000 shares of RNRL can u suggest what r the future prospects of the company
PRANAV SANGHAVI answers, I would wait for a couple of quarterly results before taking a view.
undoosan asked, i dont know why they started this useless chat..you are answering only questions from some kaushik and gaurav
PRANAV SANGHAVI answers, I answer queries in serial order.
salim asked, should i buy balarampur chini at current levels
PRANAV SANGHAVI answers, Yes you could with a one year outlook.
chandan asked, hi, pranav, how about geodesic?
PRANAV SANGHAVI answers, Hi Chandan. I would rather go with a frontline tech stock.
arun asked, Hi , pranav , should i invest in Spicejet
PRANAV SANGHAVI answers, SpiceJet just sold a few of their aircrafts and took them back on long term lease. They netted a cool US$ 20 odd million in the bargain. Plus they are news of them in talks with bringing in a foreign partner.
Pankaj asked, Whether to sale Hindustan Construction @115, which i purchasd for 98/-
PRANAV SANGHAVI answers, I would hold on unless you have a better investment opportunity on hand.
kunal asked, hi pranav, whats future on RPL?? stock is not headed anywhere!!
PRANAV SANGHAVI answers, In various chats earlier I have given my views on the same. You will have to hold till its commercial production begins in 2010 to see gains.
PRANAV SANGHAVI says, Well it is time for me to go. I am sorry was unable to reply to all the queries. Bye for now.
Chat with Pranav every week!