People sounded upbeat about the upward movement of Sensex during the weekly market chat with Pranav Sanghavi held on Tuesday. People expressed more interested in buying stocks rather than selling them. Here is the transcript:
PRANAV SANGHAVI says, Hello, everyone. Wishing you all a very Happy Ganeshotsav and let's begin the chat.
dgh asked, Hi, I have entered an SIP scheme -- investing Rs 2,000 on DSP Merril Lynch. Is it good?
PRANAV SANGHAVI answers, Yes, the DSP SIP Scheme should do well over the years.
pl asked, what is your view on TV Today..is it a buy now
PRANAV SANGHAVI answers, Media stocks are always a tricky play. A lot of factors affect them like marketshare etc. But they have created a niche in the live business segment/ breaking news segment. If their viewership continues they shall do well in the future.
Kutty asked, Do you think it will be wise to buy RIL shares?
PRANAV SANGHAVI answers, Yes, but buy on dips. It's already run up substantially since we started the chat. I feel a correction is round the corner. So buy then for longer term.
Bhushan asked, What are your views on Wipro/Satyam? I am a long term investor (5-10 yrs)
PRANAV SANGHAVI answers, Both are excellent stocks. Both have good profit growth and guidance but I prefer Wipro as very little float is actually there in the market.
Ram asked, I bought Tech Mahindra shares worth Rs 50,000
PRANAV SANGHAVI answers, You could hold on, it looks to become a frontline tech stock in the years to come.
shekhar512 asked, i have dcm shriram consolidation @88.50/-what to do
PRANAV SANGHAVI answers, I don't actively follow the stock. It is at your acquisition price currently. You could switch to a frontline stock.
Manish asked, What are the prospects of Balrampur sugar in long terms may be over 1yr. Thanks
PRANAV SANGHAVI answers, I think it could do well. Not only because of it's sugar business but also because of it's expansion plans for it's Ethanol facilities.
Fiona asked, The HDFC Top 200 Fund is going down and down. I have fund worth Rs 25,000. Should I sell?
PRANAV SANGHAVI answers, The Top 200 fund would have a lot of midcap stocks. These midcaps have been hit badly in the correction. It could take a while before the midcaps gain their earlier rates during the highs. If you have an investment opportunity you oculd sell or hold for longer term.
Harish asked, I wanted to enter into ULIP could you tell me should i go with ICICI PRU.,Birla(Classis lIfe Premier) or LIC(Market Plus)?
PRANAV SANGHAVI answers, As far as my knowledge of the Insurance business goes, LIC is by far the strongest player. But a lot of the private sector companies also offer good ULIP schemes.
Soundar asked, I am very much interested in investing/dealing with stocks. But I don't know where to start. Is there any course to know all aspects of stock market? I just want to start from ABC. Could you guide me?
PRANAV SANGHAVI answers, Yes there are lots of courses you could take up. Both the leading exchanges BSE as well as NSE offer various basic and advanced courses at their Training Institutes. You could get further information on their websites.
Manish asked, i want to purchase Maruti for long term,what do you think about this stock.
PRANAV SANGHAVI answers, You could. It's a frontline automotive segment player. It has a substantial market share despite newer global players. One way of studying its performance is to closely watch the monthly unit sales figures.
siddhesh asked, hi pranav, i had purchased alok industries 6months back@88. also had purchased bata@270. what r prospect of both companies for long term?
PRANAV SANGHAVI answers, Hi Siddhesh. Bata has some plans of a foray into the real estate development business. But it will reap benefits some years down the line. So you will have to wait for a few months before you could see your purchase price again on the stocks.
RISHI asked, DIVYA LAB POSISION
PRANAV SANGHAVI answers, I am not aware of such a stock, sorry.
sudhir asked, how is Action IPO?
PRANAV SANGHAVI answers, I have not yet seen the prospectus. Email me the query and I will revert once I have gone through the same.
srv asked, Sir, i want to invest for a month or two and would like to know which sectors/companies will perform in the coming days as the global oil prices might effect the petrol prices and they inturn will effect the market? where to invest?
PRANAV SANGHAVI answers, That is a very short term to invest in the stock markets. Right now we have seen a 3000 points rise there could be a correction any moment, you will burn your fingers and then curse the brokers. So have a longer time frame and go with frontline quality stocks. I have given a few pointers in all of my previous chats. Do refer.
PerfectFinancials asked, any idea on Hindustan zinc ! what is the possible breakout price ?
PRANAV SANGHAVI answers, Hind Zinc is a commodity stock in the metal sector. You will have to watch the global metal indexes and commodity markets. As far as breakout price, I will not be able to help you as I do not study technicals.
PerfectFinancials asked, hello
PRANAV SANGHAVI answers, Hi.
sudhir asked, how is Action IPO?
PRANAV SANGHAVI answers, I just answered your query.
plp asked, Should TV Today has the potential to go up
PRANAV SANGHAVI answers, I just answered a query on the stock in this chat. Please scroll back.
RISHI asked, HI I WELCOME UR REGARDS PLEZ REPLY MY ??????
PRANAV SANGHAVI answers, Hi, what is your query?
ryan asked, is it better that we invest in the same tax saving fund as a SIP method, or invest in different tax saving funds on a monthly basis. WOuld you please suggest some good tax saving funds.
PRANAV SANGHAVI answers, This would depend on your corpus of funds to be invested. If your monthly investible funds are greater than Rs. 10,000 then try an spread your risk with 2 or 3 different funds. SBI, DSP, HDFC and some other fund houses have good schemes on offer. Please study them before investing.
VIKAS asked, UB HOLDINGS : Can u advise whether we can buy at 235 . It looks cheap with mcap of 1300 cr. as compared to asset it has in form of MCD , UB , UB CITY , KF IPO.
PRANAV SANGHAVI answers, Yes, you could buy with atleast a 1 year investment time horizon.
Kris asked, what is your view on Infosys, is it right time to buy?
PRANAV SANGHAVI answers, You could look at it.
nav asked, i have teledata 500 @10.35 and spicejet 200 @ 91.50 what are the prospect of both companies
PRANAV SANGHAVI answers, Spice Jet has made some smart moves by selling their Jets and leasing them back where in they made a cool profit. They are also planning on fleet expansion. You could hold on. In regards to Teledata, I would switch to a frontline stock.
VIKAS asked, MICRO TECH : Agreed there is more safety in large cap IT but some of Mid cap IT doing well . With est EPS of 28 and 43 for 07 and 08 , does MICRO looks compelling BUY or is there any other MID CAP IT where we can invest
PRANAV SANGHAVI answers, I do not follow Micro Tech, sorry. So I will not be able to help you. But there are a few good mid cap IT stocks you could look at. But pick carefully, look at the management, track record and growth prospects.
kapil asked, Is it the right time to sell stocks like JAYASWALS NECO LTD, T R F, TIMEX WATCHES LTD. Thank You.
PRANAV SANGHAVI answers, TRF and Timex you could look at. Buy at dips. Jayaswals Neco I don't follow so I won't be able to help you.
gupta asked, which Mutual fund should I purchase ?
PRANAV SANGHAVI answers, That is a very general query. Please email me your age, investible funds, time frame, goal for investing and I would revert back.
Chirag asked, I have 1000 shares of Global boards @ Rs. 4.0 shall I book the loss or hold.
PRANAV SANGHAVI answers, I would recommend book a loss and get into some other quality stock.
ARHESARO asked, SHUD I SELL HERO HONDA, SIMBHAOLI SUGAR, TVS SRICHKARA..........PLS ADV...TKS
PRANAV SANGHAVI answers, Hero Honda I would continue to hold even though its monthly sales figures are not up to mark. Simbhaoli sugars also you could hold on.
rian asked, hi
PRANAV SANGHAVI answers, Hi.
VIKAS asked, DATAMATICS : Heard finally they are turning around . WIth good NET MARGIN , are they going to be in the limelight . can we buy at 55
PRANAV SANGHAVI answers, Be careful, study it carefully and look at the results for a couple of quarters.
kaushik asked, any good mid cap suggestion?
PRANAV SANGHAVI answers, There are many quality midcap stocks you could look at. I had mentioned a few in my previous chats please refer. MTNL, IDFC, Syndicate Bank are just a few.
gupta asked, purchased Balarampur sugar @Rs100/- how long sd i hold it?
PRANAV SANGHAVI answers, Hold for atleast another year. It would also depend on what your profit target is. But it has good prospects.
rajan asked, can you suggest few good buy shares in price range not exceeding Rs 300 in any sector
PRANAV SANGHAVI answers, Please email me the query and I shall revert with details.
Chirag asked, I have 100 shares of Majestic Auto @ Rs. 83.oo shall I book the loss or hold.
PRANAV SANGHAVI answers, If you have another investment opportunity and can take in the loss book it.
kaushik asked, i have dena bank at 25.45. is it good for long term?
PRANAV SANGHAVI answers, Yes it is. THey had some NPA issues which they are in the process of resolving.
robs asked, Hi pranav, I hav Shares of Visula soft(190/-) and fcs s/w(120/-), plz suggest me wht will be the rght step? sell or hold?
PRANAV SANGHAVI answers, Hi, Visual soft you could hold on. FCS I don't follow.
kri asked, What will good time to invest in M.F is it now or in Feb or March... if i take in feb i can claim for IT proof...you ask me to now .
PRANAV SANGHAVI answers, I am not too clear with your query. But you will get a tax benefit if you invest in the right fund even if you invest now. In terms of timing you could buy into a MF when the markets are correcting. But if you are investing with a long term time frame then you could invest anytime.
purusha asked, what is your view on nagarjuna constructions? i have 100 stocks at 290. i can wait till december.
PRANAV SANGHAVI answers, I would recommend to hold on.
VIKAS asked, MOUNT EVEREST MINERAL : Do u think it can atract substantial premium on takeover . Heard Big Giants are looking at very seriously specially after TATA Glaceou deal
PRANAV SANGHAVI answers, Yes if a takeover offer does come up the stock could benefit.
iseeac asked, what are the accumulation levels for the ITC
PRANAV SANGHAVI answers, ITC since we started the chat has already moved up form Rs. 150 levels to the current Rs. 190 levels. You could buy on dips and in the longer term it should break older highs.
FAIYAZ asked, SHOULD ONE BUY MANALI PETROCHEMICALS NOW
PRANAV SANGHAVI answers, I would not look at the stock.
Chirag asked, I have 500 shares of Bhagwati Gase @ Rs. 9.15 shall I book the loss or hold
PRANAV SANGHAVI answers, I am sorry I don't follow the stock.
gupta asked, I have 80 shares of Electrosteel casting. How long shd I hold it?
PRANAV SANGHAVI answers, Yes you could hold on.
RAHUL asked, what are the prospects of DECAVI deccan aviation, I got 455 shares in the IPO and the price has come drastically down, so when can i xpect the normal price or atleast a small amount of my great loss almost 37k
PRANAV SANGHAVI answers, Please refer my detailed reply in my earlier chats. But you might have to wait a long time before you see profits in the stock.
rian asked, is it worth holding on to ion exchange shares ..i bought it at 136 and also kitex shares..bought them at 14
PRANAV SANGHAVI answers, You could hold on to Ion Exchange. Kitex I don't follow.
sidd asked, is it worth buying shares of TCS at current level, with a hold for long term?
PRANAV SANGHAVI answers, Yes you could.
raja asked, what do you suggest for TCS and ONGC over one yr period
PRANAV SANGHAVI answers, You could see a 15% to 25% return over 1 year.
pradeep asked, MARKET SEEMS TO BE OVERVALUED THE RETAIL HAS AGAIN BEEN CAUGHT ON THE WRONG FOOT IN ADDITION THE HYPE CREATED BY THE MEDIA FOR 12000 SENSEX IS VERY DANGEROUS.TIME TO EXIT THEMARKET
PRANAV SANGHAVI answers, Is that a query or your view?
robs asked, Hi i have 5 shares of L&T for 2485/- and LML for 18.00 ? wht do u say abt them sell or hold?
PRANAV SANGHAVI answers, Hold them.
ARHESARO asked, SHUD I SELL HERO HONDA, SIMBHAOLI SUGAR, TVS SRICHKARA..........PLS ADV...TKS
PRANAV SANGHAVI answers, I already answered an identical query by someone else.
VIKAS asked, ELECTRO THERM iNDIA : hAVE U HEARD ABOUT IT. iT HAS a division which has started Battery operated 2 wheelers and plan for 3 wheller and buses . already EPS of 55 . can this be considered as good long term opportunity
PRANAV SANGHAVI answers, If it maintains its growth rate it could be a good long term bet. A P/E multiple of over 15 would be not so attractive.
Amey asked, I ve gujarat sidhee and himfut with me. what say , should keep it for long term or exit
PRANAV SANGHAVI answers, I would switch to other growth stocks.
Manish asked, Can you suggest me some good and trustworthy MF for long terms like 5yrs
PRANAV SANGHAVI answers, There are many players, like SBI, HDFC, DSP ML, Templeton etc. Study carefully before chosing your MF.
robin asked, Wht u will suggest abt Hindalco? i hve 500 shares of at 215.00.
PRANAV SANGHAVI answers, You could hold on.
sachim asked, Tell me about Praj Industries, should I buy ?
PRANAV SANGHAVI answers, Yes you could. They manufacture Ethanol plants. Ethanol is a sunrise industry.
raja asked, what advise would you give to a retail investor at the current levels
PRANAV SANGHAVI answers, Tread ahead with extreme caution as a correction could catch you off guard.
ashish asked, I am planning to invest in Petronet LNG and IVRCL pls suggest.
PRANAV SANGHAVI answers, You could.
RAJ asked, tell me if i hold or sell ht media alloted in ipo at 530
PRANAV SANGHAVI answers, I do not follow the stock but if you email the query to me I will revert back.
krishna asked, Dear pranav Goodmorning, Shell we go for long Nifty fut?
PRANAV SANGHAVI answers, Krishna, I would be carefull as we are at the 12,000 mark of the sensex. There could be a further rise but still go long with extreme caution and be ready to cut positions quickly.
Rajni Kharbanda asked, I have RNRL 1000 shares @30.42, Rico Auto 1000 @92 and Pentamedia 7500 @7. What are the future prospects of these shares. Whether i should hold them or not.
PRANAV SANGHAVI answers, RNRL you will have to wait for a few quarters before you could judge the stock. Rico Auto you could hold. And I would switch Pentamedia to a frontline stock.
RAJ asked, any ideaa on tide water or uniply ind
PRANAV SANGHAVI answers, You could hold on to Tide Water. It has some strong assets which could deliver value in the future. Although it is owned partly by the Govt. of India. Uniply is riding on the retail and infrastructure boom. You coudl hold on.
dhb asked, it is a good time to book profits & reenter in last week of sep after correction ?pl advise.
PRANAV SANGHAVI answers, Be ready to quickly cut your positions if you see any signs of markets correcting. Till then you could hold on. And yes it would be smarter to buy back during the correction in parts on every dip as nobody can predict a bottom.
VIKAS asked, LOGISTIC IND : With economy booming most logistic cos are providing complate chain solution , which one do u think could be real benefial. can we invest in SICAL or BALMER LAWRIE . I already have GATI from 2004 at 40/-
PRANAV SANGHAVI answers, As far as my knowledge goes Balmer Lawrie is not essentially into logistics. It is a major player in the lubricants business who has capitulised on its land by converting them into CFSes. But it is a good stock to look at surely.
Michael asked, I want to invest in stock and I am new. Do you think this the right time?
PRANAV SANGHAVI answers, If your time horizon for investments is over 1 year most of the times it is a good time. But wait for a correction before jumping in.
vinaym asked, hello, Mr. Pranav, I have a demat acount in HDFC but don'y have the trading account. I had the shares in demat format at hdfc. now I want to sell the shares but hdfc has been baned for trading by sebi. now what can I do?
PRANAV SANGHAVI answers, You could open a brokerage account with any SEBI registered broker and sell the shares with them. HDFC will accept your transfer instructions.
archana asked, i have 300 shares of reliance tele comm. what is the fate
PRANAV SANGHAVI answers, I would hold on. They will get converted to Reliance Infocomm in the future.
Sohini asked, Hi,this week we have 5 IPOs lined up.Do u think any of these has a good potential.I am a short term investor
PRANAV SANGHAVI answers, None of them look very attractive. I was awaiting for the DLF issue but it's been delayed.
Nitika asked, i have HLL shares.. is it good time to sell them
PRANAV SANGHAVI answers, If you have another investment opportunity you could. HLL is a frontline FMCG player, so you could continue holding on.
Nitika asked, i have HLL shares.. is it good time to sell them
PRANAV SANGHAVI answers, If you have another investment opportunity you could. HLL is a frontline FMCG player, so you could continue holding on.
PRANAV SANGHAVI says, Well it's time for me to leave. Have a happy visarjan tomorrow. Bye from me and hope to see you all next week.
Chat with Pranav every week!
Got a query on stocks? Send it to sanghavi_p2006
