PRANAV SANGHAVI says, Good afternoon everyone and welcome to the chat. Lets begin.
chilukurr asked, I have 100 shares of Parsavanth devolpers bought at 440 , guide me what to do sell or hold ?
PRANAV SANGHAVI answers, at 2007-02-14 12:10:31A correction in the real estate stocks was imminent as the stocks had run up too fast too soon. But the quality stocks who deliver results would be good bets for the long term. Parsvnath has come down of its highs. You will have to hold on for some time to see your rate. You could switch to a growth stock and look at Real at a later stage.
mohit asked, should i buy TISCO AT 430 ?
PRANAV SANGHAVI answers, If you are not a long term investor I would not look at Tisco. It will take Tisco some time to digest the take over of Corus.
singheskay asked, I have HINDALCO @ 180. What should I do? I can wait for 3-4 months.
PRANAV SANGHAVI answers, I think I would wait for the stock to bottom further. Even Hindalco will take some time to digest the acquisition. The stock will not show new highs very soon.
umapathy asked, hi dear sir pls what are the doing first entry @stock market
PRANAV SANGHAVI answers, I am not too clear what you are trying to ask.
ASM asked, WHAT IS THE GOOD PRICE FOR BUYING HINDALCO AND UNITECH
PRANAV SANGHAVI answers, I would wait for getting into both the stocks. Unitech is a good bet in the real estate stocks but after the current correction in the realty stocks.
MISHRA asked, I HV INVESTED ABOUT RS 67000/=IN BAJAJ HINDUSTAN WITH AN AVERAGE PRICE OF RS. 317/= HOW COULD U HELP ME TO COME OUT OF THIS HUGE LOSS
PRANAV SANGHAVI answers, As I mentioned a couple of chats earlier, I don't think the sugar sector will perform that well over the next few quarters. I would book the loss and look at growth stocks which would yeild returns over the next 4-6 months. And this correction will help you get a good price to move into that stock too.
Pradeep asked, Hi Sir, Good morning, Guide me whether this market will go down to 13000 or how many days it will be like this - going down
PRANAV SANGHAVI answers, From the current news flow it does not look to correct that much. But one never knows news keep changing as yesterday the CRR ratio for banks was increased by 0.25% which has caused the market to correct further today.
Pradeep asked, Sir, What advise u would like to give about banking shares in the present scenario?
PRANAV SANGHAVI answers, With a rising interest rate scenario and with the current increment in CRR ratio the bank stocks will be hampered a bit. Most banks who have not opted to increase their interest rates now might do so. But on a longer term scenario if they do increase the rates which would marginalise the negative impact and stronger and large banks would perform well.
MISHRA asked, WHAT IS THE CURRENT MARKET STATUS? THE FALL IS DUE TO CORRECTION IF SO HOW LONG THE DOWNWARD TREND WILL CONTINUE?//
PRANAV SANGHAVI answers, We did have a correction over the last couple of days but todays fall is mainly due to the hike in CRR ratio. As this is perceived to reduce liquidity and if the banks don't increase their rates then they could be hit on their bottomline.
MISHRA asked, WHAT IS THE CURRENT MARKET STATUS? THE FALL IS DUE TO CORRECTION IF SO HOW LONG THE DOWNWARD TREND WILL CONTINUE?//
PRANAV SANGHAVI answers, To continue on your query, the downward trend will not be for a longer term according to me. And the overall India story is still intact. And beyond a point the markets will turn around. The budget and the March end results could be the next two harbingers for the next upward turn.
Ishan asked, Dear Sir, I have 50 Shares of Rel communication.. Shall I had purchased the shares @410.. Shall I hold or sell out
PRANAV SANGHAVI answers, I think you should hold on. It corrected slightly as it lost the Huitch bid. But in the longer term it will do well.
singheskay asked, HLL is continuously on a downward trend. What is your advice on its purchase-wait further or go for it?
PRANAV SANGHAVI answers, Below 200 HLL looks good for a long term investment. But FMCG's have not been in the fancy of investors for some time now.
moneycontrol asked, Can you please suggest few scripts for a short term invester?
PRANAV SANGHAVI answers, With the current volatile nature of the markets, if at all one does invest, one should stick with large cap blue chip stocks so as your losses are that much lesser if the markets correct further. You could look at the Tech stocks as they might benefit if the Re. does become stronger.
singheskay asked, Which are the hot sectors now?
PRANAV SANGHAVI answers, I think tech is the obvious choice. But contrary to what most experts believe I still think the cement sector will perform well over the next couple of years. You could also look at public sector banks who have corrected sharply and who might increase their interest rates. Banks like SBI is undervalued and could run up if they hike their interest rate.
Ishan asked, Can you give ur advice on Kale Consultant.. I have purchased 30 Sahres @ Rs. 118 before the market went south. I believe in long term investments.. Also HCL Tech is not doing good. I have 10 of them and want to know your views from along term prospective..
PRANAV SANGHAVI answers, I would look at Tech Mahindra, Wipro, TCS in the tech sector. The midcaps generally get hit harder in times of correction.
Dr.Shankar asked, Hi, which sectors would be preferred picks at this moment - with market showing great degeree volatility in the background of raising interest rates and inflation fears
PRANAV SANGHAVI answers, I just answered a simillar query a couple of questions back, please do refer.
hemal asked, how will Hindalco do in short to medium term say for the next 3-6 months
PRANAV SANGHAVI answers, It might still correct further before it consolidates but on a longer ter say a 3 year horizon it should perform well.
moneycontrol asked, what is your go on Ranbaxy, Megasoft, Seimens and BSEL at the current levels.
PRANAV SANGHAVI answers, Ranbaxy, Siemens are good buys at times of corrections. I don't follow the other two sorry.
Pradeep asked, Sir, what is your opinion on Centurion Bank of Punjab, Yes Bank, Kale Consultant and Unitech... What should be the buying price of Unitech and Yes Bank. Pl. advise.
PRANAV SANGHAVI answers, Centurion Bank has merged yet another bank with itself and the results should show in the coming years but with the hike in the CRR ratio they might be adversely affected. Unitech is a good bet but I would let it correct further.
My Life asked, Hi
PRANAV SANGHAVI answers, Hi.
anirban asked, Can u give advice on Arvind Mill. I Have Pur. 1000 Shares @ 49.4
PRANAV SANGHAVI answers, I think you could continue to hold on. Its a good play in the textile sector with a longer term outlook.
mokvin asked, What is your longterm view on Hind Zinc in view of falling zinc prices and sale of GOI holding by Mar 07?
PRANAV SANGHAVI answers, I think in the short term it may not rise rapidly but the company is a strong player in the metal sector and will perform well in the future.
ROMIT asked, Hi Pranav, what's MARKET OUTLOOK for next two months?
PRANAV SANGHAVI answers, Hi Romit, I think the markets would remain volatile for a short while but after the march results in April, if the corporate earnings are as good as the previous quarter the markets should start rising steadily.
Amit Mehta asked, Hi Pranav, what do u think only investing in IPO's is a good policy???????
PRANAV SANGHAVI answers, I think with the current splurge of IPO's one must choose and pick the IPO's to invest in. I would pick Idea Cellular and Mindtree form the current lot.
mokvin asked, Is tech Mahindara good long term buy at CMP?
PRANAV SANGHAVI answers, Yes I think it is.
Anuranjan asked, What happend to zee entertainment shares
PRANAV SANGHAVI answers, It has gone in for a demerger and split the company into various seperate companies each one getting an automatic listing and thereby creating shareholder value.
Pradeep asked, What's your opinion on Tulip IT ?
PRANAV SANGHAVI answers, I don't follow that stock sorry.
Pavan asked, Hello Pranav, Can we invest in Sugars for short term gains?. Also we have seen a great decline in construction stocks recently. Shall I stay invested in Action Construction bought at 320? And how long to wait for the up movement in Petronet
LNG? Regards, Pavan
PRANAV SANGHAVI answers, I don't think the sugar sector will give you decent return over the next few quaters. For the realty stocks you will have to wiat for the correction to die down and then pick the quality stronger players.
kbaruah asked, what is the prospect of suzlon and unitech?
PRANAV SANGHAVI answers, I think both will perform well in the future over the enxt 6 to 12 months.
robs asked, Hi, i have 500 shares of cairn india at allotment rates @160/-. Plz giv me advice for this stock. I have parsvnath also, plz let me know abt that also. Are chances to come up in recent months?
PRANAV SANGHAVI answers, I think you could swithc Cairn India to a growth stock.
singheskay asked, TECHNOLOGY OR BANK? PHARMA OR CEMENT? FMCG OR INFRASTRUCTURE? PRIVATE SECTRO OR PUBLIC SECTOR?
PRANAV SANGHAVI answers, I would go with Tech, Cement, Pharma and quality Infrastructure stocks.
Pavan asked, Your favourite mid and small cap stocks please?.
PRANAV SANGHAVI answers, I don't follow too many mid or small cap stocks. But to name a few, Praj, IDFC, Midday etc.
Gaurav asked, which sector should one pick for 3 year perspective
PRANAV SANGHAVI answers, Definately Tech & Cement.
mokvin asked, What is your long term view on Bharti Tele and Reliance Comm?
PRANAV SANGHAVI answers, Both should out perform the market even at current levels.
ANANT asked, Hi Pranav,Can u suggest me at least 5companies for long term 3-5years investment for good return means invest now and forget for 3-5years.
PRANAV SANGHAVI answers, Hi Anant, you could look at the top tech stocks, cement stocks, banking stocks and infrastructure stocks.
robs asked, Hi pranav, I hav balrampur chini@100/-,,, plz tell me, shld i come out or stay in this stock?
PRANAV SANGHAVI answers, Although it is a frontline sugar sector stock but I don't think it will putperform the market over the next few quarters atleast.
pranav asked, Hi Pranav, I hold 100 shares of Union Bank Of India. Please suggest me if I should hold or sell them?
PRANAV SANGHAVI answers, With a rising interest rate scenario Banks might not be a good choice unless they also increase their lending rates simulatneously.
ramesh_gownder asked, hi I'm new to stocks market! how can i plan to invest for long tream
PRANAV SANGHAVI answers, Now would be a good time. Baiscally one should get in at times of corrections and not when the markets are at their peaks. But do take a few courses before you enter the markets.
stockbeast asked, Hi Pranav it seems we are going towards another steep fall as in May. Is it going to happen or can our market recover back?
PRANAV SANGHAVI answers, I think corrections are healthy for the market if you are a long term investor. But the Budget and the March end results should be the next pivotal points at which the markets will take a turn.
gargi asked, hey Pranav, I have India Hotels. I purchased it at 152... should i sell it?
PRANAV SANGHAVI answers, Hi gargi, I think you should hold on with a long term outlook. THey are one of the better performing hotel chain.
mokvin asked, Between Yes Bank and UTI Bank which stock is better for long term ( 12-18 months)?
PRANAV SANGHAVI answers, I think UTi is a stronger player.
ANDY asked, Sir can provide any insight into "CARBON CREDITS" and any associated GROWTH story....IKF Technologies is buying land which may translate into this line of business...the company has suddenly moved up very sharply from lower levels...Do we have any growth story here???
PRANAV SANGHAVI answers, I think Carbon Credits business is still in a nascent stage as compared to international standards. A lot more companies are taking advantage of the same. But I do not follow the stock you mention so will not be able to comment on the same.
stockbeast asked, Hi pranav, I heard that Germany Deutche have bought over 5% of our stock market.Nashdaq, LSE, STI all in the run to buy the stocks also.. If this happen and at one point of time, it these people opt out, it can result is mega mega mega drop. Whats your view on this
PRANAV SANGHAVI answers, Yes the news has been announced and a lot of other exchanges are also looking at taking up more stakes in the BSE. I dont think they are invsting to drop out of owning an exchange and they are investing with a very long term investment in mind.
satha asked, hi pranav, i have icici @ 600, what i sould do?
PRANAV SANGHAVI answers, Hi Satha, I think in the short term the stock may get affected but in the longer term I think it will perform well. Incidently they have already hiked their lending rates before th CRR announcement so will get affected marginally.
Bharath asked, Hi Pranav, Can I invest in Mindtree and Idea Cellur IPOs.
PRANAV SANGHAVI answers, I just mentioned some queries back they are the ones I would look at from the current IPO's.
Ajay Mishra asked, I AN A 23YEAR OLD I INVESTMENT TO STOC MARKET BUT NO ENOUGH KNOWLEDGE OF STOCK MARKET PLEASE TELL ME MORE WHICH COMPANY I INVET MY MONEY
PRANAV SANGHAVI answers, You should study the markets well before you invest and do not go on hearesay or recomendations. But large cap blue chip stocks would be a safe bet.
Vikas asked, Good morning Sir, can u suggest three or blue large stock which we can purchase and sit down for three years.
PRANAV SANGHAVI answers, TCS, Infosys, L&T are just some.
Ajay Mishra asked, WHAT IS RISK FACTOR OF STOCK MARKETS.
PRANAV SANGHAVI answers, Stock Markets are extremely risky and the derivative segment is even higher risk bearing. So one should invest carefully.
venky asked, Hi Pranav, I have stocks of Lanco Infra, Unitec & Parsvnath..all these are at lower price than buyed price.Can I hole or sell it with some loss..
PRANAV SANGHAVI answers, Hi Venky, you could hold on to Unitech if you are a longer term player.
karthik asked, hi can i buy SCI shares ?
PRANAV SANGHAVI answers, Hi Karthik, Shipping is a cyclical business and revenues can never be on a steady growth path. Yet SCi is the largest player in India and is going at a low PE. So one could look at it.
mujahid asked, I have bought AbanLoyd for 1750. What are your views on it?
PRANAV SANGHAVI answers, I think it is a fundamentally strong scrip and is also making overseas acquisitions and is a leader in the offshore services sector. I would surely hold on.
Ajay Mishra asked, WHAT IS DIFFRENT SHARE AND DEVENTURE , WHY ANY COMPANY NOT ISSUE DEVENTURE.
PRANAV SANGHAVI answers, There is afundamental difference where equity is capital and debenture is debt. Normally debt is always at a fixed cost and fixed realisation where as equity is a instrument which depends on the company's profitability. Equity at the current moment is surely more popular.
sanju asked, i have gail at 185 what are its chances
PRANAV SANGHAVI answers, I think it is a good bet for the long term.
sachin asked, I have siemens, should i wait or book loss
PRANAV SANGHAVI answers, Wait.
ajay asked, can i invest in mindtree share
PRANAV SANGHAVI answers, Yes you could look at it, it looks to be underpriced.
sasankajan.P.K asked, I am holding Godrej consumer 100 @ 166, Triveni Eng. 200 @ 86.35 and Visa Steel 141 @ 57. Will you pl. advise me what can I do?
PRANAV SANGHAVI answers, You could hold on to Godrej Ind surely. Triveni is also a hold. Visa Steel I don't follow.
manish99 asked, please advice what is brewing at bellary steel
PRANAV SANGHAVI answers, I dont follow that stock so I will not be able to comment.
kk asked, I have 100 Hindalco @ 190... Kindly suggest if I will get my rate back and in how much time horizon?
PRANAV SANGHAVI answers, I think you will have to hold for a 1 to 2 year period.
kk asked, Hi Pranav..!! What is your outlook on the Indian markets in the near future? DO you see a big correction coming up post budget? Is the correction happening now the signs of starting a huge one soon?
PRANAV SANGHAVI answers, Hi KK, I think in the short term the markets will remain volatile but on a longer term basis I still maintain the markets will rise steadily. And the hike in the CRR ration is to curb the rising inflation.
PRANAV SANGHAVI says, Well it's time for me to leave, hope to see you all next week. Bye.
Chat with Pranav every week!