PRANAV SANGHAVI says, Hello and goodafternoon to everyone. Welcome to the chat. Lets begin.
javedmerchant asked, kindly let me know the prospects of sugar shares at current rates
PRANAV SANGHAVI answers, I don't see any immediate positive trend untill the government decides to lift the ban on exports. Till then it should be a lack lustre performance for a short time to come.
Gaurav asked, Can you suggest top three sectors to invest in
PRANAV SANGHAVI answers, I would look at Tech, Infrastructure and Banks.
Gaurav asked, Can you update us on prospects of TISCO
PRANAV SANGHAVI answers, TISCO's short term and probably long term outlook depends on it's ability to successfully bid for Corus. Either ways the stock will be volatile.
Tushar from Tanzania asked, Hi Pranav, Please do suggest your top Three Picks after yesterdays downfall and at which levels to enter on them for a period of 1 year
PRANAV SANGHAVI answers, Hi Tushar, good to see you again. I would look at the frontline stocks like Info, Wipro or TCS, IDFC, ITC, L&T, Guj Ambuja, SBI, ICICI, etc.
MEHTAMANOJ asked, what u suggest , can we invest at this level
PRANAV SANGHAVI answers, If you are a long term investor, yes you could.
veeraraghavan asked, Hi Mr. Sanghavi, What factor Makes the market for this sudden fall of sensex
PRANAV SANGHAVI answers, Hi Veeraraghavan. A lot of factors. Although there was not much of a global trend downwards, I feel the rapid rise in valuation in our markets would be the main reason. Our markets rose too much too soon being the main reason. Of course the hike in interest rates did spur the reaction with the bank stocks stocks nearly correcting over 4 to 5% in a single day. They led the downward rally.
MEHTAMANOJ asked, should i redeem or invest more at this level
PRANAV SANGHAVI answers, I would invest at the time of such corrections. I strongly believe that the India story is very much intact but the markets need to move with the current performance of the corporates and not discount 2009 earnings or in some cases 2010.
Tushar from Tanzania asked, Dear Pranav, what levels should one enter for a period of 1 year Horizon in JaiPrakash Associates & Force Motors.
PRANAV SANGHAVI answers, Dear Tushar, you could enter at the current levels. Although Force Motors I don't follow.
boby asked, please tell about mercator lines & pentasoft techo & tata tele thanks
PRANAV SANGHAVI answers, I would switch all the three. Mercator has had its run up over the last couple of years but shipping business is a cyclical one. As for Pentasoft, I'd much rather go with TCS or a Wipro. Tata Tele will reap benefits when the Tata group decides to merge it with some other group company.
bhanu asked, u have never invested into stock market....how shud i get into it without losing my hard earned money?
PRANAV SANGHAVI answers, I would recommend you first study and learn about the markets as much as you can before you enter. Do some courses offered by the training institutes of the leading exchanges. Then consult a broker and invest.
Tushar from Tanzania asked, Hi, What price level should one enter if he wants to buy Tata Tea & Sterlite industries for a period of 18 months.
PRANAV SANGHAVI answers, Sterlite you could enter even at current levels but you have to keep a watch on the global metal markets closely. Tata Tea could also be looked at with a 6 month to 12 month outlook.
MAYANK asked, PLEASE TELL ME THE FUTURE OF PENINSULA LAND. I AM HOLDING 110 SHARES @569/-
PRANAV SANGHAVI answers, I would hold on. They are developing a lot of land they already hold and should reap benefits over the next few years.
menon asked, Sir, I am holding SWAN MILL shares & Rohit Ferro shares. Could you inform me about future of these shares. Thanks/ Rajan Menon
PRANAV SANGHAVI answers, Swan Mill is planning development of it's mill land that is why the stock has run up. Rohit Ferro I do not follow sorry.
king asked, Dear Pranav, Can you please tell me the reason for the price drop of Accel Frontline Ltd? I have some 1500+ shares purchased during IPO @ Rs. 75/- each, will it increase??? currently priced at around Rs.64???
PRANAV SANGHAVI answers, I dont' follow that stock sorry, so will not be able to help you.
Tushar from Tanzania asked, Dear Pranav,At Current levels, which Banking stocks you suggest to invest in for a period of 1 year horizon.
PRANAV SANGHAVI answers, I would look at SBI, ICICI and HDFC in the front line. You could also look at Vijaya Bank, Syndicate Bank, BOI, PNB or BOB.
Tushar from Tanzania asked, Sir, What levels should one enter at ONGC & MTNL for a period of 1 year investment from now.
PRANAV SANGHAVI answers, MTNL has a lot of untapped assets so you could enter even at current levels. ONGC you could enter now as people do see the Oil prices only going up in the future.
KAUSHIK asked, will the bank stocks recover soon from yesterday's fall?
PRANAV SANGHAVI answers, They will recover eventually.
KAUSHIK asked, what about sugar stocks?
PRANAV SANGHAVI answers, I have given my views on sugar stocks a few replies back, please refer.
Gaurav asked, Should one buy Pantaloon Retail at this moment ?
PRANAV SANGHAVI answers, Below 2000 levels Pantaloon looks good. But on a long term basis they should do well despite the news of foreign players entering the retail market in India.
sskasat asked, hi wht do u think of the market crash
PRANAV SANGHAVI answers, It was long overdue. Although I would not call it a crash but more a correction.
chavanvijayn asked, Hello Sir..what do you think about contineous decline in share price of NALCO, inspite of opinion of some experts that it will increase... Same about the Arvind Mills, its share price touches the all time low currently and contineously decreasing from last 3-4 months..
PRANAV SANGHAVI answers, NALCO is a metal stock and its price movement would be in tandem with the global metal prices. You should follow LME closely. Arvind Mills on the other hand has performed much like the non-mill textile stocks. Lack lustre.
chavanvijayn asked, Hello Sir..what do you think about contineous decline in share price of NALCO, inspite of opinion of some experts that it will increase... Same about the Arvind Mills, its share price touches the all time low currently and contineously decreasing from last 3-4 months..
PRANAV SANGHAVI answers, NALCO is a metal stock and its price movement would be in tandem with the global metal prices. You should follow LME closely. Arvind Mills on the other hand has performed much like the non-mill textile stocks. Lack lustre.
nag asked, how is the market going to be in the new year
PRANAV SANGHAVI answers, It should move upwards steadily.
zee asked, Future of stocks like zee, birla corp, ongc should I hold or exit
PRANAV SANGHAVI answers, I would hold.
shyam asked, shd i invest in market at this level. my liking are reliance group
PRANAV SANGHAVI answers, Yes you could with a long term outlook.
bharat asked, hi tata stell has really not performed well do u think its a good buy at around 430-450 levels
PRANAV SANGHAVI answers, I would wait for the outcome of it's bid for Corus. A lot depends on that.
fees asked, how is Bajajhind... Can I buy now
PRANAV SANGHAVI answers, Being a sugar sector stock I would wait and watch for the outcome of the governments ruling regarding ban on sugar exports.
KAUSHIK asked, unitech has lost ground over the last ccouple of days? should i stay invested?
PRANAV SANGHAVI answers, The valuations had gone very high,, you could invest once they come more to market levels.
hai asked, future prospects of morepen labs
PRANAV SANGHAVI answers, I would sell and switch to another stock.
asis asked, what about the Hindustan Zinc &
Hindalco Industries, should sell out or hold.
PRANAV SANGHAVI answers, I would hold on to both although both are commodity stocks.
gagan asked, hi pranav what is the future of parshavnath and east india hotels
PRANAV SANGHAVI answers, Both look good with a long term outlook.
rajesh asked, How is the Market strategy for this month ?
PRANAV SANGHAVI answers, Buy on the days of major corrections with a 6 to 12 month outlook.
asis asked, i have 200 Hindustan Zinc @ Rs. 700 & 200 Hildalco @ Rs. 200, 100 India Cement @ Rs. 221, 100 Deccan Cement @ Rs. 172. what about the future of the above stock.
PRANAV SANGHAVI answers, Deccan Cement I don't follow but all the others you could surely hold on.
vandana asked, Hello Mr.Pranav, why our markets r so irratic? fall of 400-500 pts n unbelivable rallies? can u plz explain
PRANAV SANGHAVI answers, Hi Vandana. Well unfortunately the FII's wield the might of money over our markets and a slight movement in any direction leads to a big move on the index. Over the last could of days figures show they have sold nearly 2,000 crores of Nifty futures which is leading to the rapid correction.
KAUSHIK asked, what are the prospects of suzlon?
PRANAV SANGHAVI answers, They have announce a couple of acquisitions and are giving good results quarter on quarter. I think it's a good bet for the future.
dilip asked, I have purchased 100 shares of NTPC at 152/-What is your outlook on NTPC
PRANAV SANGHAVI answers, I would hold on. Average at lower levels if you can.
SandeepC asked, What are your views on LML & MRO-TEK ????
PRANAV SANGHAVI answers, I don't follow either so will not be able to help you, sorry.
Arvind asked, hi pranab ,As market tumbled more than 400 points is it the right time to go for some fresh buying ? or should we wait for more correction in the market to be incurred?
PRANAV SANGHAVI answers, I would wait for a couple of trading sessions and decide. I think the markets could fall a little bit more. Once it breaks the 13,000 levels then you could look at buying with a long term outlook.
asis asked, What about the future of Tele Data informatices after demarger, i have 400 shares of Teledata, should i hold or not?
PRANAV SANGHAVI answers, I would switch to another stock.
mokvin asked, What are your views on MIRC , Biocon , FDC and Mawana sugar for long term basis ( 12 months)?
PRANAV SANGHAVI answers, MIRC and Biocon could be held on. Mawana I would switch.
mokvin asked, Since market has corrected, which scrips u advice for long term investment where return expectations can be around 30% pa
PRANAV SANGHAVI answers, I have mentioned a few in my earlier replies please refer.
vinkle asked, Hi Pranab, how are you? I have been asking you questions consistently but i never got a reply, but this time i hope i will get one... can I buy Arvind Mills and ITC at these levels, please do reply
PRANAV SANGHAVI answers, Hi Vinkle, you could surely buy ITC at current levels. Arvind Mills may not perform as well but with a 1 year outlook you could.
sejal asked, Hi, Which are good stocks to buy at current level for long term?
PRANAV SANGHAVI answers, Hi, I have mentioned a few stocks in earlier replies, please refer.
hello asked, How is Reliance Long term equity fund & SBI one india fund. Both are close ended fund. is it good to invest in NFO close ended fund OR NFO open ended fund OR existing fund?
PRANAV SANGHAVI answers, I would need to study the protfolio mix to comment on individual funds. But if a close ended fund is a large cap diversified one then you should be ok with it.
jrt asked, Hi, Can i sell infy @ CMP I bopught it for 2000
PRANAV SANGHAVI answers, I would hold on. They should give good results for year ending March 2007.
accord asked, Astra Microwave purchased at 230/- now what to do what is the future of this co
PRANAV SANGHAVI answers, I don't follow the stock sorry.
sumu asked, Hi Pranav, can i buy itc at current levels for 1 yr time frame? what should be my exit price?
PRANAV SANGHAVI answers, Yes you could look at ITC with a 1 year outlook. You should easily look at a 20 to 30% return.
vipin asked, can i add Apollo Hospital at current level
PRANAV SANGHAVI answers, They are planning on setting up various facilities all accross India. So they should reap benefits a few years down the line.
ziya asked, Hi i have parsvnath @550, i am a longterm investor can i hold or sell?
PRANAV SANGHAVI answers, You could hold.
vijoy asked, what is fate of ICICI discovery fund ? Is investment in the ULIP is better than direct mutual fund? Which is better fund close ended or open ended ?
PRANAV SANGHAVI answers, ULIP is very similar to a MF but it also give you some assured returns in terms of the life covered amount. Closed ended funds will lock your funds invested for a particular period and you won't be able to withdraw.
jyoti asked, mkts have fallen yesterday Do u see a steeper fall in the forthcoming days.Shud i sell or hold my bluechip shares
PRANAV SANGHAVI answers, I would hold.
Deepesh asked, Hi Pranab, Do you think Reliance Energy is a good buy at the current levels?? How strong is the fundamentals of this company??
PRANAV SANGHAVI answers, It is a pretty strong company with decent future plans. I would hold on or even buy on corrections.
Bad asked, What is your view for ITC, RPL, ONGC, SBI at current level for 1/2 year time period
PRANAV SANGHAVI answers, They should yeild good results, barring may be RPL.
mik asked, Hi Pranav, good morning, i want to know abt long term prospects of Ibulls,IVRCL and Nucleus Software. Thanks
PRANAV SANGHAVI answers, All three look good with a long term outlook.
Dinyar asked, Hi Pranav do you think that after yesterday's crash Nifty/Sensex will go down further?
PRANAV SANGHAVI answers, HI Dinyar, yes the markets could fall a bit further.
rs asked, Hi Pranav, what abt ATLANTA ? is it fair valued above 1300/- ?
PRANAV SANGHAVI answers, I don't follow that stock sorry.
rambabu asked, can i buy reliance petroleum at current price?
PRANAV SANGHAVI answers, RPL should yeil results post 2010 when it's commercial production starts.
rambabu asked, can i buy reliance petroleum at current price?
PRANAV SANGHAVI answers, RPL should yeil results post 2010 when it's commercial production starts.
Pratik asked, Hello Sir, i am 19yrs old in my year eng. i am a total rookie in stocks. what books and guidelines should i follow to know more anout stocks and related fields
PRANAV SANGHAVI answers, Attend the basic and advanced courses offered by the training institutes offered by both BSE and NSE. There are tons of books available in the markets which teach you about the stock markets.
mik asked, Hi Pranav, i want to know abt long term prospects of GMR, RelCom,Bharti and Parsavnath Developers. Thanks
PRANAV SANGHAVI answers, All should perform well. They are good bunch of stocks.
Pavan asked, Hi Pranav, Good day!! Like to have your comments on the status of Sugar stocks. I am also holding Petronet LNG, GVK Power & Infra, Datamatics, Lupin & Panacea Biotec. Thanks and please reply.
PRANAV SANGHAVI answers, Hi Pavan, I have given my views on sugar stocks in quite a few previous replies. Please refer. Most of the stocks you hold are good midcap stocks, so you could hold on.
PRANAV SANGHAVI says, Well it was great chatting with you guys but I have to leave. Hope to see you next week same time. Bye.
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