PRANAV SANGHAVI says, Good afternoon everyone and welcome to the chat. Let's begin.
pramod asked, may i know ur profile a bit to caht properly
PRANAV SANGHAVI answers, Hi Pramod, I have been active in the indian stock markets for the past 15 years since 1991 and am a broker on the leading exchanges of India.
PARTHA asked, SIR, WHAT ABOUT LML? WILL IT BOUNCE BACK FROM CURRENT LEVEL?
PRANAV SANGHAVI answers, The company is trying to restructure itself, we will have to wait and watch for the results.
kurapatti asked, Dear Sir, Which script u reccommend for short term investment i.e. for one month. Investment capacity - 50000/-INR
PRANAV SANGHAVI answers, I would not invest at this juncture with a 1 month outlook as I foresee a correction sometime this month.
sumu asked, Is Suzlon a good buy at current levels?
PRANAV SANGHAVI answers, With a long term outlook yes it is.
shyam asked, tell me the future of J.P.HYDRO
PRANAV SANGHAVI answers, It is in the power business and they do have expansion plans on hand. I think in the long term it should do well if their projects come through.
mads asked, Hi Mr.Sanghvi, Myself has got some shares allotted in parsvanath.Is it correct to buy some more shares in secondary market at the CMP.Can u please tell me what is the target price for parsvnath and the time frame
PRANAV SANGHAVI answers, Hi Mads, you could accumalate shares of Parsvanath on every dip with a 1 to 2 year outlook.
hh asked, Tell me five best stocks to look up to for next year
PRANAV SANGHAVI answers, I like ITC, SBI, Wipro, TCS, L&T, Ultra Tech, Cent Tex, Guj Amb, BHarti, RIL and a few more.
mads asked, Hi Mr.Sanghavi, I bought 30 shares of andhra bank at around rs.95.For short term, Should I sell it or should I hold it?
PRANAV SANGHAVI answers, Hi Mads, hold on.
chitra asked, i have 50 shares od Dena bank.Do you think its good for long term investment?
PRANAV SANGHAVI answers, Yes it is. It is a good midcap bank. They have cleared a lot of their NPA issues.
Arindam asked, Sir, how are you? I have one dilemma. My LIC Premium covers Rs. 1 lakh for tax deduction under 80C. I don't wish to stop LIC premium. Since the return of ELSS scheme is much higher, can I invest to that scheme although I won't get any tax deduction on that investment.
PRANAV SANGHAVI answers, Hi Arindam, I am fin thank you, and yourself? Yes you can.
chitra asked, I am also planning to invest in Man Industries and NIIT Tech for long term purposes.What is you take on it?
PRANAV SANGHAVI answers, I would look at quality frontline stocks in the same segments. Although, the stocks you have mentioned are good mid cap stocks.
santimoy asked, i have purchase 50 share of Bajaj Hind @ 298 tell me the what i do now
PRANAV SANGHAVI answers, You could hold on and wait for the out come on the Governments decision on lifting the sugar export ban.
Sam asked, I believe, the upsurge in market is due to vast base of investers who have come up due to trading made convenient to be operated from your home and once it will start falling, panic selling from this vast clientale will again bring it to level of 7-8 thousand. Do you agree???
PRANAV SANGHAVI answers, I do not agree. The fundamental story going for India is way too strong and the market is shifting towards becoming a market of stronger and larger players like FII's and Mutual Funds, that is why I keep recommending to to invest through them also. I strongly feel the market would not touch the 7000 levels again.
Srinivas asked, Hi Pranav, I have 200 shares RNRL@18/-, 1000 shares of IFCI@8/- and 100 shares of syndicate bank@50/-. Please can you suggest to hold or sell these shares?
PRANAV SANGHAVI answers, Book profits and look at other opportunities. If there is a correction these stocks will be hit hard.
Pila asked, What is the outlook for Zicom Security.
PRANAV SANGHAVI answers, I think it holds promise in the future.
pallavi asked, I have many shares of Gujarat Alkali @ 160 and GHCL @ 185......both are stuck ...should I hold them or sell and buy other stocks
PRANAV SANGHAVI answers, Both are fundamentally good stocks. I think you could hold on.
abhi asked, I am a first time equity investor. Please suggest some frontline stocks for long term say 2/3 yrs
PRANAV SANGHAVI answers, Wipro, Infosys, TCS, L&T, SBI, ICICI Bnk, Ultratech, IDFC are among a few you could look at.
hh asked, Do you think HSBC MFs will do well in 2007?
PRANAV SANGHAVI answers, They could.
Kannan asked, Hi, I have 50 shares of Cipla @258.66, 100 MTNL @ 145.00, for the last 6 months. Shall I hold them or sell?
PRANAV SANGHAVI answers, You could hold them.
chitra asked, do you think nagarjun fert is good for swing trading?
PRANAV SANGHAVI answers, I would rather look at a growth stock.
Good asked, 1) Pls suggest any stock to buy now 2) pls suggest, Is this the time to sell/hold NTPC.
PRANAV SANGHAVI answers, Yes hold on to NTPC.
aarpi asked, Hi, I am interested to get into some stocks with very good growth prospects (may double their earnings this fiscal) but they are trading at high P/E (between 100 to 160). Pls advice me
PRANAV SANGHAVI answers, A P/E of 100 is extremely high. I would book profits and look at other opportunities.
AARORA asked, I BOUGHT 15 NOS RELIANCE iND @ 840. SHOULD I SELL IT AND BOOK A PROFIT OF AROUND 50%?
PRANAV SANGHAVI answers, You could hold on if you have an outlook of over 1 to 2 years. In the short term you may see a market wide correction and RIL being a Index heavy weight could move south.
ksgabri asked, Kotak securities offered me a trading commission of .18% and same thing was mentioned on my form where I signed. When I got my first statement I was stunned to learn that they had charged @0.45%. I'm chasing them from last 14 days to reverse the entries but nobody is listening. Can we do something about it.
PRANAV SANGHAVI answers, If you do have a photocopy of the form which said 0.18% commission then I would suggest you wirte to the company's board first with your greviance. You should get a satisfactory reply. If not SEBI is also an option.
magnumravi asked, hello mr sanghavi is this the right time for a fresher to enter the market.....do u hope that this bull run will continue till the budget
PRANAV SANGHAVI answers, Hello Magnumravi, when market is around 14,000 even the older players are extremely cautious. So you would need to be double sure before getting into a stock. I think our market is in a secular bull run period which should last for atleast 3 to 5 years. But timely corrections are a part of the game.
chatali asked, Good Afternoon. How are you? I have been waiting for investment to large cap Mutual Fund but still Bull Run is on. Could you suggest me what to do now? Should I wait for next 2-3 months?
PRANAV SANGHAVI answers, You could wait for a month or so and invest at the time of correction.
Good asked, Pls suggest any stocks to buy at this moment?
PRANAV SANGHAVI answers, I have suggested a few in my earlier replies in this chat.
rakesh asked, The present PE for the market is above 22, historically we have been around 17. Does it not mean that correction to 11000 levels is inevitable?
PRANAV SANGHAVI answers, Historically we have always been used to P/E ratios of 10 to 12 not 17. It is only over the last year and a half that our market has accepted levels of 15 and above. We are not at 22 levels yet but getting there fast. A correction should be in the offing.
makemoney asked, i have shares of unitech @ 500 each. Should i hold this stock ?
PRANAV SANGHAVI answers, Hold on.
KRISHNA asked, I HAVE STOCKS OF RANSUG, BALCHI & ASHLEY. THEY ARE RUNNING AT LOW.
SHOULD I HOLD THEM OR WAIT. WILL THEY RECOVER.