PRANAV SANGHAVI says, Good afternoon all. Let's begin the chat.
invest asked, can I enter at Bharat Electronics at current level for 6-12 months time frame
PRANAV SANGHAVI answers, Well the markets are at their all time highs. Please be carefull before plunging into stocks. Although BEL is a good stock to hold on to, I would recommend buy on a dip or correction which could be round the corner if the market runs up further rapidly.
invest asked, can I buy ONGC at cureent level for 6-12 months time frame or after bonous I should buy
PRANAV SANGHAVI answers, You could buy and hold. But I still say buy on dips. The market is too hot.
sachin asked, can i buy titan today
PRANAV SANGHAVI answers, Don't put all your money at one go. Buy in parts and on dips.
sachin asked, how mkt look like
PRANAV SANGHAVI answers, It should rise up a to an extent before it corrects. There is ample liquidity and FII's have been buyers. But beyond a certain point the valuations will not justify further rise. Already PE multiples are high.
kaushik asked, Hi Pranav, i hold adlabs @ 376, amara raja battery @ 397 and ganesh forgings @ 43. What are the prospects..
PRANAV SANGHAVI answers, Adlabs and Amara Raja could be held, Ganesh Forg I don't follow sorry.
kaushik asked, I also hold satyam @ 319 (post split price). Should i book profit?
PRANAV SANGHAVI answers, Wait for their results. All tech sectors are doing well. You could book half your profit at higher levels.
kaushik asked, I also hold kernex microsystems @ 217. what should I do?
PRANAV SANGHAVI answers, I would book profit and switch to a frontline when the market corrects.
kaushik asked, i have punj lloyd @ 776. the stock does not seem to move much.. any advice?
PRANAV SANGHAVI answers, You could switch to TISCO.
amit asked, Prospect of Reliance Communications pls.What is the likely price band?
PRANAV SANGHAVI answers, I still think is a hold. It should cross Rs. 500 in a years time.
ravi asked, Hi Pranav, wht is the prospects of balrampur chini, indiabulls and satyam?
PRANAV SANGHAVI answers, All look good to me. But the markets are hot right now at all time highs. Hold on to these stocks rather than buying them right now.
SAT asked, CAN I BUY MC DOWELL @ THIS RATE
PRANAV SANGHAVI answers, Yes you could buy with a longer term perspective.
Kumar asked, Eventhough sensex goes to highest level many mid cap & large cap companies which iam holding share values remain unchanged why it is like this. Please advice us, what I should do? Hold or sell?
PRANAV SANGHAVI answers, I feel the midcaps would move once the frontline stocks peak and stabilize or consolidate as the focus would then move to midcaps. You could hold.
priya asked, hi
PRANAV SANGHAVI answers, Hi.
pandu asked, sir can i buy infosys at this rate
PRANAV SANGHAVI answers, It has already risen sharply after its results if you have a 2 year outlook you could but I would wait for a slight correction to get into the stock.
umesh asked, sir, is it the right time to invest in shares or not
PRANAV SANGHAVI answers, I would wait for a dip. We have had three continuous days of 175 plus point rise.
boby asked, ple tell pentasot & g v film & mercator thanks
PRANAV SANGHAVI answers, Barring Mercator, I would not touch the other two stocks.
Rao asked, Can we buy Zodiac Clothing at this rate Rs 252
PRANAV SANGHAVI answers, With a long term outlook keeping in mind the growth forcasted for the retail sector, you could.
Ashok asked, I have 800 shares of ACC which i had purchased for around Rs. 400. should I sell them if not then till what level i should hold them. As all my holdings are in one company how can i diversify my holdings so that i get better returns.
PRANAV SANGHAVI answers, You could book profits on say 30% of your holdings and invest into other frontline growth stocks like TCS, INFY, SBI, ITC etc. But invest only in dips and corrections not when markets are rising a percent plus every day.
Rao asked, What may be the target price for Zodiac clothing
PRANAV SANGHAVI answers, I do not have a target on Zodiac Clothing but you could easily take a PE multiple of 20 on its expected FY 2007 EPS.
Rao asked, What is the future for of Balrampuri chini mills and Sakuma Exports
PRANAV SANGHAVI answers, Balrampur is a strong player in the sugar sector, I would hold on. Sakuma Exports I don't follow sorry.
wq asked, Will the Sensex cross the 13K level this Diwali?
PRANAV SANGHAVI answers, I think it looks to. The momentum is strong and liquidity is also not an issue.
RAJKUMAR asked, HI I HAVE BUY 600 RICHA KNEE PLEASE SUGEST TO ME HOLD OR EXITS
PRANAV SANGHAVI answers, I am sorry, I don't follow that stock.
dhananhay asked, hi
PRANAV SANGHAVI answers, Hi.
Abhishek asked, Sir even though the benchmark 30 share index is going strong,mid cap and small cap index isnt showing such high growth levels,also many companies seem to be highly overvalues,so is it the right time to buy stocks?.....when is a corretion in sight?
PRANAV SANGHAVI answers, I think beyond a point the stocks will become expensive as compared to their September quarter results. A slight correction would be healthy. I would only pick quality midcap stocks before investing.
dhananhay asked, which share is best to buy rightnow
PRANAV SANGHAVI answers, I would go with an IDFC or a SBI. But only when the markets are correcting. Buy in parts on every dip.
kpmurali asked, Why are quality Midcap stocks underperforming the market and why only select large cap is moving which makes the cycle weak
PRANAV SANGHAVI answers, All focus is on the frontline stocks right now. Once they start to consolidate and slow down then the focus would shift to the midcaps. This would be a good time to pick up underperforming quality midcaps stocks.
modi asked, what is the future of essar shipping
PRANAV SANGHAVI answers, You could hold on. Shipping sector in general is a cyclical one. But frieght rates have been rising over the last couple of years but seem to be plateauing but falling. Volume of freight movement will only increase.
Kumar asked, can i buy unitech at this level for long lerm?
PRANAV SANGHAVI answers, Yes you could. But I am again repeating buy it on days its on a dip.
jai asked, Hi Pranav - what way sensex expected to go from here
PRANAV SANGHAVI answers, Hi Jai. Well it could move up slightly before correcting. But overall on a longer term I think we are in a bullish phase for the next 3 to 4 years, ofcourse all things remaining constant.
RAJKUMAR asked, HI SIR I HAVE BUY 500 RPG LIFE SIENCE @130 SO PLASE ADVISE HOLD OR EXIT
PRANAV SANGHAVI answers, You could hold on.
Rajesh asked, Hi, this is Rajesh I have 400 shares @ 27.50/- of Mirc Electronics, now this is running 26.00, what is target, what to do know
PRANAV SANGHAVI answers, Hi Rajesh. There was some news relating to Mirc last week, so the stock moved up. They do have a cash kitty but the competition is hotting up. I think the stock would move news based in the short term.
modi asked, i have 500 shares of aftek infosys at 100Rs. hold or sell .medium term call
PRANAV SANGHAVI answers, I would book a loss and switch to a frontline stock. If you could hold for a very long term then you may see a profit.
dhananjay asked, plz tell me abt reliance petro
PRANAV SANGHAVI answers, Reliance Petro will start commercial production close to the year 2010. So you will have to hold till then for substantial gains.
Rajesh asked, This is sundar, i got 140 shares of Nagarjuna COnstruction, what may be the target price
PRANAV SANGHAVI answers, I won't be able to help you with a target price as I am not a technical analyst. But it is in the construction sector and I am bullish on the sector for the next 3 to 4 years atleast.
stockbeast asked, Hi Pranav, Markets are reaching close to the 13000 mark. I hope there are corrections ahead.How low you are thinking the market can go?
PRANAV SANGHAVI answers, HI Stockbeat. I think it would breach 13,000 once before correcting. If it breaches 13,000 strongly then it could go up to 13,500 and then correct. But yes a correction looks likely, not necessarily as sharp as the one witnessed in May.
ashish asked, Hi Pranav, If TISCO Buys CORUS or even hold 20%, will share prices of TISCO will go up?
PRANAV SANGHAVI answers, Of course it will go up. It would be a huge transaction for TISCO but one would have to do a post merger study on the giant thus created. As it would be a leveraged buy out for TISCO as CORUS is far larger than TISCO.
ranga asked, hello sir can i buy infosys at this level
PRANAV SANGHAVI answers, I answered the query earlier. But on a dip you could and hold for atleast 6 to 12 months.
stockbeast asked, Is there any chances that Foreign Investors would withdraw totally from Indian Markets ? if it happen will the market crash like before ? Any guesses on this issue.
PRANAV SANGHAVI answers, For the first question, I seriously doubt that. The money invested into India (say US$ 30 billion) is penny change for them as their market sizes are huge. A single Fund like Fidelity manages over US$ 600 billion in assets. The Hedge Fund money would make quick exits if they see better opportunity.
sgrsgr asked, Though
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we bought sugar stock about a year back, Should we hold them or sell?Now we think sugar being an vote bank commodity, chances of rising is remote.What's ur opinion?