After the boom, the bust. The Indian stock markets were soaring like there was no tomorrow. Then came the sudden global jitters and FIIs pulled out funds from the Indian market, leading to a whopping 542-point crash for the Sensex on Friday, July 27. However, July 30 saw the Sensex shed its Friday blues and closed a modest 26 points up.
So where is the stock market going? Will they rise further? Or will they crash again? What should a small investor do in such a scenario? Should he hold on to his stocks or sell them? Should he buy stocks now or stay away from the market?
In an hour-long chat on rediff.com on Tuesday, market expert Madhusudan Sarda answered readers' queries. Here is the transcript:
Madhusudan Sarda says, Friends This is Madhusudan Sarda, Director Research, Mehta Equities Ltd. I welcome you all for an Investor chat hosted by Rediff. This Investor Chat is from 4 to 5 pm. Kindly note that due to the time constraints indicated by the Host, not all questions might be answered. For unanswered or further questions you might look forward for any upcoming Investor chat session. Also please note that we as a firm or our clients might hold positions or advice in the stocks that we discuss. Please take a Buy or Sell position only after analyzing at your end and taking professional advice.
Real asked, Can you predict Sensex figures for next week?
Madhusudan Sarda answers, at 2007-08-14 16:02:23markets are volatile , investors are advice to be Cautious , markets are bearish
Real asked, How should IT stocks do in future?
Madhusudan Sarda answers, Future of the top line IT stocks are good, similarly many mid Cap IT r also gud, however rupee apreciating issue is effecting the stock price of the company
der asked, Would it be worng to enter the market now?
Madhusudan Sarda answers, you can not time the market, what matters is,at what level you enter the scrip
abadhya asked, your view on Nagarjun Fertiliazer
Madhusudan Sarda answers, Due to good monsoon Fertilizer sales r expected to improve. the company is also planning to switch from Naphta to gas for its production, whereby reducing the cost
gauravbe asked, Should I Buy ABB or L&T or BHEL?
Madhusudan Sarda answers, All r top line stocks , u can invest in then with a long term propects and enjoy huge returns
sandkoth asked, can one buy RCOM and reliance industries at current levels
Madhusudan Sarda answers, RCOM will be the first operator to monetise tower assets via a strategic investment by private equity players/tower operators. The company acquired its FLAG undersea fibre optic unit in 2004 and is well positioned to benefit from the global re-rating of fibre following the listing of FLAG on London's
ms asked, Is Bharti Walmart retail .. listed ?
Madhusudan Sarda answers, no
ambadas asked, I want to invest 5oK for long term , suggest stocks, specifically.
Madhusudan Sarda answers, You can invest in top line stocks like L&T , Bhel , NTPC
rashidubey asked, ur view pls abt Gateway Distriparks
Madhusudan Sarda answers, it is a very long term bet, u have to be patient to enjoy the returns
ms asked, whats your take on Punjab National Bank ? It is at hte same levels for a year now . Is it the right
time to enter ?
Madhusudan Sarda answers, it relies excessively on treasury income and it is going forward with extensive growth strategy.over all the stock is good in medum to long term
NIL asked, PLS CONF THE FUTURE SURYACHAKRYA POWER, IKF TECHNOLGEY
Madhusudan Sarda answers, Suryachakrya power seems good at this level.
ms asked, What is your take on Bharat Bijlee ?
Madhusudan Sarda answers, Company has come up with good quaterly results, considering the investment in power sector the stock would give better returns
HONEY asked, UR VIEW ON BOMBAY RAYON
Madhusudan Sarda answers, It is the best in the textile sector, recent acquition of Leela Lace will add to top line.
raj asked, which all new IPOS are good??
Madhusudan Sarda answers, Motilal Oswal For long term
harikiran asked, What is ur view? is it right time to enter the market with short term goals
Madhusudan Sarda answers, very difficult to predict, you have to very selective in identifying Scrip and do your homework very well
rrladdha asked, SASKEN COMMUNICATIONS ?? whats ur take
Madhusudan Sarda answers, good long term bet
Neetesh asked, I have 200 Zensar technologies shares.Can i hold it for 2 more years. What are the prospect of Zensar Technologies in your opinion.
Madhusudan Sarda answers, Company has good prospects in the long run, seeing there client base
Neetesh asked, I am also planning to buy the Wipro share for a period of one year. Is it opportune time to buy the wipro shares keeping in view the rupees appreciation.
Madhusudan Sarda answers, It will all depend at what level you buy the share, rupee issue is well taken care off by these companies through hedgeing
Harryj asked, whats the future of Binani cement ?
Madhusudan Sarda answers, Company is targeting Northern region, therefore long term prospects are good seeing the demand in the same region
amit asked, your call in cement and power stocks for the next 6 months time
Madhusudan Sarda answers, Power stocks are going to perform good whereas lot of volatility in cement sector
Navin asked, ur views on Everonn System, Hold/sell? thnx
Madhusudan Sarda answers, it is a very good long term stock, the company is in to same line of operations as Educomp. also taking into consideration the educationl sector , view is hold
iseeac asked, are US market problems going to affect indian market serverly
Madhusudan Sarda answers, yes US market problem is going to effect emerging Country like india, huge money inflows are from FII only ,therfore effect would be severe or not is yet to be seen
mazher asked, what is the prospect of idbi
Madhusudan Sarda answers, it is a safe investment, one should continue to hold
aqua asked, what is the most important sector to watch at current levels?
Madhusudan Sarda answers, Power sector and Hospitality
Madhusudan Sarda says, Thankyou friend's We are ending the chat Happy investing
Chat with Sarda every week!
