PRANAV SANGHAVI says, Hello everyone and Happy New Year. Welcome to the chat. Lets begin.
ram asked, will the sensex cross 14,000 again this month
PRANAV SANGHAVI answers, Hi Ram, I think it already has crossed it today.
ramesh asked, hellow how about surya pharm target price, i bought at91.70
PRANAV SANGHAVI answers, I am sorry I don't follow that stock but from what little I know, you could hold on.
gg asked, hi, how good is franklin templeton as an MF option?
PRANAV SANGHAVI answers, They have some good fund managers and have performed well in the past.
gh asked, Hi! Is it wise to bank on reliance infocom shares?
PRANAV SANGHAVI answers, Hi GH, yes I am bullish on the scrip. I have been for over 6 months now and have been saying so on this chat.
gh asked, Hi! Is it wise to bank on reliance infocom shares?
PRANAV SANGHAVI answers, Hi GH, I have been bullish on the scrip for some time now. I think it is still a good hold.
ssss asked, How often will the market touch 14000?
PRANAV SANGHAVI answers, I think 14,000 it is a psychological mark. I am sure even bigger figures will be crossed in the future.
kabir asked, Hi Pranav! Happy New Year! Which stocks will be the best buy this year?
PRANAV SANGHAVI answers, Hi Kabir, and wishing you a Happy New Year too. I think frontline tech stocks, banking stocks, cement stocks and infrastructure stocks should do well.
Srikanth asked, can you tell me what is the future of Maharaja Shree Umai mills? Also Everest industries?
PRANAV SANGHAVI answers, I am sorry I don't follow either of the stocks, so will not be able to help you.
bachee asked, I've a loan of 9 lacs at 10% floating interest. I've 3 lacs now. Suggest me whether to pay the loan or invest in mutual funds.
PRANAV SANGHAVI answers, I think you could invest in growth funds which should give you a return of over your interest rate. But floating rates can prove to be dangerous. I would much rather be comfortable with a fixed rate.
renu gaur asked, What will happen to the person who trade Nissan on 29th December, 06, whether any chance of SEBI taking action and refunding money ?
PRANAV SANGHAVI answers, SEBI is looking into matter and will take appropriate action soon.
skumar asked, any tips for intraday buying.
PRANAV SANGHAVI answers, I am sorry I do not propogate day trading so I will not be able to help you.
Srikanth asked, Bongaigon bougt @ 80.40 when shall i get that price or i can get out from that stock. I am a long term investor
PRANAV SANGHAVI answers, You could hold on if you are a long term investor.
rahaus asked, Hi Pranav, Do you see the market slowing sometime this year? Is it still worth buying/holding at these levels?
PRANAV SANGHAVI answers, Hi Rahaus, markets should rise steadily over the next few years. But one cannot rule out corrections. It is a part of the market cycle.
Srikanth asked, Harrison Malyalam bought @ 119/- how long can i wait to reach that price
PRANAV SANGHAVI answers, I guess over the next two quaters you should see the price.
Sushil asked, Hi!What about TTML and RPL
PRANAV SANGHAVI answers, RPL is a long term play, you will have to hold for over 3 years to see decent returns.
laxman asked, I want to buy some Mututal fund please tell me which is good ?
PRANAV SANGHAVI answers, I won't recommend a specific one but you could go with a large cap diversified fund.
Sachin asked, Hi Pranav,I am new in equity market. Somewhere I studied that before investing in a IPO, one should go thru company financial status for last 3 to 5 years. But from where we can the status.
PRANAV SANGHAVI answers, Hi Sachin, you can easily get such details from the company prospectus. A soft copy can be downloaded from the SEBI's website too.
Sachin asked, Hi Pranav,I am new in equity market. Somewhere I studied that before investing in a IPO, one should go thru company financial status for last 3 to 5 years. But from where we can the status.
PRANAV SANGHAVI answers, Hi Sachin, such information is given in the company's prospectus. One could download the same from SEBI's website too.
sumit asked, which share i buy and hold
PRANAV SANGHAVI answers, You could buy the frontline stocks in sectors which I mentioned in my previous answers and hold for a period of 1 to 2 years.
rakesh asked, in banking sector, ICICI or BOB or HDFC which is good future in stock mkt
PRANAV SANGHAVI answers, I think ICICI, HDFC, SBI are good plays in the frontine stocks you could look at Vijaya, Syndicate from the smaller bank stocks amongst others.
priya asked, Hi! I have some shares of SBI home finance which has been delisted? What to do with it?
PRANAV SANGHAVI answers, Write to the company with details. They may buy it back.
Srikanth asked, Plethico Pharma 500 shares bougth @ 493/- How long can i wait for that to reach my purchase price? Also Royal Orchi hotel bought @ 237/- - 250 shares. How long i can wait? what is the future of these two shares
PRANAV SANGHAVI answers, I am sorry i don't follow either of the stocks. So will not be able to help you.
kris asked, What do you think about CMC Ltd stock? Is it the right time to sell the stock?
PRANAV SANGHAVI answers, No I think you could hold on.
JM asked, ur views on Cambridge Tech IPO
PRANAV SANGHAVI answers, I have not studied the prospectus so I won't be able to comment on the same.
Srikanth asked, Visual soft bougth @ 132/-, Venkys India bought @ 141/- Guj Alkalis @ 180/- How long can i wait for these shares to reach my purchase price? I am ready to wait but i don't what the loss. also pls let me know the future of these scrips
PRANAV SANGHAVI answers, Wait for another 3 to 6 months and you should see the prices. I think all the three are good midcap holds.
JM asked, shud i hold on to barampur chini mills, bought it at 105
PRANAV SANGHAVI answers, Well I am not that bullish on the sugar sector for the next couple of quarters. But Balrampur is one of the bexst sugar stocks to hold on to.
Srikanth asked, inox leisure bought @ 220/- and impex ferro @ 39/-, gufic bioscience @ 28/- what is the future and whether i can hold or get out from these stocks?
PRANAV SANGHAVI answers, You could surely hold on to Inox. It has big expansion plans and should do well in the future. The other two I don't follow sorry.
prapti asked, Wt is future of DCB ? Wt would be market reaction after reaching 14000?
PRANAV SANGHAVI answers, You could hold on to DCB. It should give better results for the quarter ended December 06. You could see a bit of consolidation before the budget.
Laluji asked, Hello Pranav sir, can we hold Educomp solutions for the long-term or is there something wrong in it?
PRANAV SANGHAVI answers, It has jumped up really fast but one should keep the PE ratio and valuations in mind.
Srikanth asked, K sera sera 1000 shares bought @ 43/- Now its only Rs.26/- what i can do with this scrip?
PRANAV SANGHAVI answers, K Sera Sera is in the movie making business so a lot of it's price movement would depend on the outcome of it's movies at the box office. You could hold on as they have a host of movies releasing. But I would much rather switch to Adlabs.
tata asked, i have 550 tisco @390/- shall i wait for further gain -- suresh
PRANAV SANGHAVI answers, I think it is a good hold for a long term. You could look at SAIL also.
Tosh asked, Do you think Malwa Cotton stock is undervalued at Rs.99, given that it holds around 10 million shares of Malwa Industries? Its total market cap currently is Rs. 60 crore whereas its holding in Malwa Industries alone could be worth Rs. 80- 100 crore post IPO and listing of Malwa Industries. Do you agree with the logic?
PRANAV SANGHAVI answers, Yes I think someone had posed a simillar question in a previous chat. Yes given this information one could hold on.
kaps asked, Dear Pranav,please give ur email id.U told to use the one provided by rediff but was not able to ger the same.Thanks in advance.The questions asked here often go unanswered due to the time constriant.So asking for the email.Thanks in advance
PRANAV SANGHAVI answers, Hi Kaps, Please email rediff with my name as the subject of the email and they shall forward your query to me.
rahaus asked, In the present scenario, which IPO would you recommend?
PRANAV SANGHAVI answers, There are a few IPO's
about to hit the markets but none at the current moment.