Despite weak global cues continuing for some time, Indian stocks were in great demand, especially auto, pharma, IT and metals stocks. On July 6, this lifted the Bombay Stock Exchange's benchmark 30-share Sensex past the magical 15,000-mark.
Did you make profits while the Sensex scaled dizzying heights last Friday? Are you confused about what to do now that the market is at an all-time high? How do you plan to consolidate your gains?
What should your investment strategy be now? Should you invest more in the market? Should you consider selling a few stocks? What would be the best stocks to buy, sell or hold at this juncture? Stock market expert
Madhusudan Sarda answered many such queries during an hour-long chat on Tuesday. Here's the transcript:
Madhusudan N Sarda says, Dear Investor Friends, This is Madhususdan Sarda, Director, Mehta Equities. I welcome you all to the Investor Chat. Kindly note that we as a firm or our clients might hold positions in the stocks that we discuss. Investment or buy/sell positions should only be taken on sound analysis, judgment and advice from trustworthy market participants.
fsd asked, Your take on M&M, Tata Motors, Bajaj Auto?
Madhusudan N Sarda answers, at 2007-07-06 15:55:20 Four Wheeler stocks are looking better placed than two wheeler stocks in the Auto space. Other than that Bajaj Auto may yield substantial valuation by the 3rd quarter end due to the focused restructuring they are going through.
MS asked, when shud i enter banking stocks ? Please name your picks in this sector ..
Madhusudan N Sarda answers, Banking sector at current levels are looking good enough. UBI, OBC and Corporation Bank are the top picks in the PSU category.
MS asked, please suggest some good pharma stocks .. How is teh sector looking with a 1 year outlook ?
Madhusudan N Sarda answers, Indian Drugs sector fundamentals have improved and will continue to do so. Gelnmark, Nicholas Piramal and Wockhardt are attractive propostions for a 1 year horizon.
ABCD asked, How you see recently listed Meghmani Organics.
Madhusudan N Sarda answers, The valuations of the Issue was attractively priced when compared to its peers. Strong Growth prospects, international presence and large product line ensure further healthy growth in the topline.
qaisar asked, what do u think about "EVERONN SYSTEMS INDIA LTD "
Madhusudan N Sarda answers, At the price band of Rs. 125 - 140, the stock is available at 22.2x 24.9x its FY07 EPS of Rs.5.6. The stock looks attractive as compared to its peers, which trade at steep valuations. The company is likely to witness high growth rates in the coming years.
piya asked, what abt SBI Home Finance? What to do with shares?
Madhusudan N Sarda answers, once the AGM is concluded during the coming days, the situation would be more clear.
RVRajan asked, How about DLF at this level
Madhusudan N Sarda answers, Since DLF now is a very heavy stock it needs substantial money volumes to increase/ decrease its market prices substantially. It is definitely good for long term if the current plans are implemented efficeintly.
shankar asked, wt abt DLF
Madhusudan N Sarda answers, Since DLF now is a very heavy stock it needs substantial money volumes to increase/ decrease its market prices substantially. It is definitely good for long term if the current plans are implemented efficeintly.
xxxx asked, Sir , What should be the strategy for DLF & ICICI , I have allotment in IPO/FPO
Madhusudan N Sarda answers, Since DLF now is a very heavy stock it needs substantial money volumes to increase/ decrease its market prices substantially. It is definitely good for long term if the current plans are implemented efficeintly. ICICI looks good for medium to long term. It still is the top pick in the Private Banking sector.
rinku asked, Hi.. I m new to stock investments. how can i master stock investing ?
Madhusudan N Sarda answers, Good judgment will come with experience. Try to be a learner rather than mastering it.
qaqaqa asked, Which sectors will do good in comming days after 15K?
Madhusudan N Sarda answers, Telecom, Power and Four Wheeler stocks.
KPsingh asked, Sir, with the Sensex crossing the psychological 15,000-mark today, do you think it is the right time to enter the market? I am a small investor with limited funds and want to buy some stocks.. but some of my friends say that prices are too high and that market will fall again. I would rather go by your view than by that of well-meaning but less-informed friends. Please guide. Thank you.
Madhusudan N Sarda answers, Dont ever time the market. Always remember one always invests in companies, not the stock market. Follow a Top-down approach to identify companies with strong business potential available at an attractive price and enter the market irrespective of the level of Sensex.
brijmohan asked, is it the right time to invest in mutual funds?
Madhusudan N Sarda answers, Kindly asses the Fund House and the scheme category thoroughly before investing to get decent returns at any time.
rohit asked, do you think LNT is still a good hold for short term?
Madhusudan N Sarda answers, L&T has sound management and efficient business segments. Every positive news will trigger an upward movement in the price. However for short term it is not advisable to enter this scrip.
MS asked, hOW DOES THE TEXTILE SECTOR LOOK with a 1 year outlook ?
Madhusudan N Sarda answers, rise in the labour cost ,raw material and Forex Volatility