Where is the stock market going? Will it rise further? Or will it 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, Hello 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.
Senthil asked, How will the Dollor-Rupee movement affect the IT / Export oreiented Cos. stocks?
Madhusudan Sarda answers, at 2007-08-28 16:06:27IT/Exports companies get revenues in Dollar Terms therefore appreciating rupee effects there margins
basava asked, what is your view on Indian Hotels. Is it good for short to medium term.
Madhusudan Sarda answers, Hospitality industry is going to show a good upside in the coming phase,Indian hotels have good prospects in the same
hiteysh asked, hows the motilal oswal? If it opens at listing price then is it good to buy or not?
Madhusudan Sarda answers, Motilal Oswal IPO is good, Company has good aggresive Strategies to grow the business.
sada asked, Hello : tell me about Nagarjun Fertilizer , i purchased it @ 37.55
Madhusudan Sarda answers, fertilizer sector overall is good. But in such Volatile markets at wat level you enter also matter.
rakesh asked, sir, i have 2000 idea mobile shares @ 115.is it good for long term also i have 100 tata motors @ 650 pls advice
Madhusudan Sarda answers, Both are good long term bet. so little patience can load you with money
mukesh asked, what the market tommorow & what abt ICICI
Madhusudan Sarda answers, Today US Economic data is expected which might give direction to the tommorros market
peter asked, whats ur opinion on Cipla
Madhusudan Sarda answers, Cipla has fallen more than 40 % in 4 moths, if compared with its peers the valuation of the company looks cheap, the management has given the guidance of 12% growth for Fy2008 and some aggressive capex plans along with new product in the pipeline should give good valuation to the company
Santosh asked, Hi, I have purchased 21 shares of L&T for average price of Rs. 2200/- I am wiling to add more for long term investment. Should i buy more at current price or wait for correction?
Madhusudan Sarda answers, L&T is a good Longterm buy, one can definitely add the stock as and when the markets correct,
Praveen asked, Sir, Can you suggest on Guj Amb cement persent its rate is 132
Madhusudan Sarda answers, Holcim buying 20% stake in the company at 154 is good news for the stock, overall the sector seems to be good in the long term
ewr asked, What
is your view on HUL ??
Madhusudan Sarda answers, I m not very Posiive on the stock
twinkle asked, is this the correct time to invest in shares
Madhusudan Sarda answers, There is no time specified for investing in shares, it is the level at which you enter the stock is important.
jagan asked, sir I am very new to the field how to invest into share market
Madhusudan Sarda answers, You can start with some Top line Companies share, for Long term returns
Vivekanandan asked, Hi Madhusudan, Can I acquire IT stocks at the current market price/should I wait for their Q2 results. kindly advice???
Madhusudan Sarda answers, IT Sector is very sensitive at this point of time.
k_palei asked, Madhusudan , Thanks a lot for answering queries. Whats the chance that market will reach 16K (SENSEX) in near future. Or in a mnths time to what extent SENSEX will rise (will it come to 15,750)
Madhusudan Sarda answers, Globaly the Sentiments are wrong.there it will take time to stablize, But we can expect it to reach 16k level by end of this year. Only Liquidity is the major concern , Fundamentaly everthing is fine
prikshat asked, hi madhu,can u plz tell abut HDIL
Madhusudan Sarda answers, One can continue to hold HDIL however fresh buying is not advised
James asked, can one buy at this level or wait for some correction
Madhusudan Sarda answers, I expect some correction in the market as there is always some selling pressure on the upside, I would stay cautious
jvanji asked, hello sir please tell me two multibagger stocks. what about power grid corporation IPO, is it good?
Madhusudan Sarda answers, Kirloskar ferrous and GDP
jvanji asked, hello sir please tell me two multibagger stocks. what about power grid corporation IPO, is it good?
Madhusudan Sarda answers, Gateway distrikpark
NAKUL asked, What are the things to watch out now while trading !
Madhusudan Sarda answers, i expect the market to be range bound,cautious is adviced while taking any overnight positions
SUDHIR asked, FOR A PERSON WHO HAS NOT ENOUGH TIME TO TRACK MARKET ON DAILY BASIS IS MUTUAL FUND ROUTE MAY SERVE PURPOSE
Madhusudan Sarda answers, Yes
Harish Padasalgi asked, Hi Madhusudhan, Which are the top performing MF's at present? Is it good to go for the NFO's?
Madhusudan Sarda answers, I would not advice to invest in an NFO unless it is a good closed ended fund
vishal asked, i have asked 3 question but not got ans.,,this is last question which is the better sector to invest& better stock for one year.
Madhusudan Sarda answers, Capital goods and Engineering
Madhusudan Sarda says, Thank you Friends Happy Investing
