Tech stocks look lucrative now

PRANAV SANGHAVI says, Good afternoon everyone and welcome to the chat. Let's begin.

MANOJ asked, RPL TARGET
PRANAV SANGHAVI answers, at 2007-07-04 11:56:48RPL has moved up handsomely over the past 3 months. As the date of commercial production of the refinery will get closer so will the price move higher.

Manish asked, What to buy for long term investment purpose
PRANAV SANGHAVI answers, I would look at some of the large cap stocks which are below the index PE and who are giving 25% plus annual growht rates. Stocks llike Infosys, SBI, L&T etc. You could look at some of the mid cap stocks too like IDFC, Unitech. But getting in at an all time high is not advisable.

Amit asked, Suggest the future of VISINF... I want to get rid of it. The cost price was 36.37. shell I average out or book the loss and exit or wait for some more time
PRANAV SANGHAVI answers, I don't follow that stock but if it is a penny stock and you are in profits I would recommend booking the profits and getting into a quality stock.

Seeker asked, Suggest the future of TVTNET... I want to get rid of it. The cost price was 149. shell I average out or book the loss and exit or wait for some more time
PRANAV SANGHAVI answers, If you can hold for a longer term then you could look at averaging out. Otherwis eyou could book a loss and switch to a growth stock.

Kiran asked, I am beginner,want to understand what should i buy
PRANAV SANGHAVI answers, I would advise first take on a few basic courses being offered by the training institutes of both the stock exchanges BSE & NSE. If you are a new comer it is advisable to stick with frontline index stocks which will be lesser affected should there be a correction.

Seeker asked, SAIL future cp is 147
PRANAV SANGHAVI answers, I don't foresee a stagnation in demand of steel in the future so I see SAIl rising steadily over the next few years. Although steel is a commodity stock so its outcome would also depend on the ruling commodity prices.

SHIRISH asked, What is the future prospects of RNRL and also adivice me at what price we should enter in the RPL. i have to invest 50000 in rpl
PRANAV SANGHAVI answers, RNRL should rise steadily but we need to watch its next few quarterly results. RPL should see substantial returns once the commercial production goes on stream.

sudha asked, Sir, Good morning, how do u see the market now?
PRANAV SANGHAVI answers, The markets are at an all time high and I see a correction if the index PE hits something like 20 or 21. Beyond that I think the June quarter result also shall act as a catalyst.

pras asked, Hi Pranav, Can you suggest the outlook for k.c.p cement for next 2 years
PRANAV SANGHAVI answers, Hi Pras, I don't follow that stock so I won't be able to help you.

Avinash asked, Do you suggest to buy 3i Infotech Ltd. at this point? Whats 3-6 month prediction for Infosys shares?
PRANAV SANGHAVI answers, It is a strong performer but due to the Rupee depreciation all the tech stocks including Infosys may underperform the markets in the short term. But going by their past performance I would surely hold on to Infosys or look at buying on further dips as a contrarian pick.

vandana asked, hi .....what abt bharat forge , ITC and greaves cotton..........i can hold for at least 7-8 years
PRANAV SANGHAVI answers, Bharat Forge and ITC are fundamentally extremely strong stocks. With a 7-8 year outlook you could surely hold on and you shoudl see very sizable returns.

d asked, Hi Pranav,What do u say abt current IPO market coming one after one.Should we invest in it?
PRANAV SANGHAVI answers, I think most of the issue are listing at a premium especially Vishal Retail which listed today nearly 3 times its issue price. One should pick qwuality stocks after studying the prospectus.

sudha asked, I have Unitech, TCS & Infosys at higher rates. What u suggest now - whether to buy at lower level or just wait & watch. What should I do with Indianbull real estate, Parasvanth, Gujarat Ambuja, ICICI Bank -
PRANAV SANGHAVI answers, you could buy those stcks at lower prices to average out and hold for another 3-6 months. You could hold on to ICICI, Guj Amb and Indiabulls.

arvindpundri asked, i have purchased 125 shares of ITC in 158/- per share. what is the future of this share? for how long time i should hold this?
PRANAV SANGHAVI answers, It is a strong stock fundamentally but the FMCGstocks have underperformed over the past few months. You should see a decent return over a longer term of 6-12 months.

abdul asked, hi i m holding 500 shares of hilton metal @ 73 it is now trading at 48 levels what do i do thanks
PRANAV SANGHAVI answers, i would book a loss and swithc to say a SAIL or some other quality stock in the metal segment.

smita asked, Dear Sir, What about IFCI it will go further or not and pls. tell me the target of IFCI
PRANAV SANGHAVI answers, I think IFCI is already given an EPS of around Rs. 8. I think there is still room for the price to move up. Plus there are talks of a stake sale and they are taking great efforts to reduce their NPA's.

Om asked, Hello Sir, I have purchased TECH Mahindra at 1756/- 50 shares what to do shall i hold or sell ? plz suggest
PRANAV SANGHAVI answers, I would surely hold on to the stock.

km asked, hi good morning i bought 40 SHARES OF TCS@1368 WHAT SHOULD I DO
PRANAV SANGHAVI answers, Unfortunately you have got in at a pretty high level. But you could surely buy more to avergare around the current levels. You would have to hold it for 6 to 12 months atleast.

achu asked, i have Rico auto(73) and garden silk (75) both making losses what is your suggestion in these stocks?
PRANAV SANGHAVI answers, If you can hold on you should see a return in the longer term.

SANJAYPI asked, I am holding 100 share of GTL Should i sell them or hold. Please tell should i buy welspun gujrat, RPL, TCS & Infosys at this level
PRANAV SANGHAVI answers, i would get out of Global Tele and withc to a frontline telecom player like Bharti, RComm or even Idea. Yes you could look at these stocks but getting in at all time highs is not advisable. I would rather wiat for

a minor correction.

Abhi asked, Hi Pranav, I hold ITC, Graphite India, AZTEC, Cipla and HLL. All of them were in losses till yesterday when only Cipla and HLL have shown just marginal gains. Should I sell any of these stocks or hold on to them? Why are these stocks showing losses even when Sensex and Nifty are on an upward trend?
PRANAV SANGHAVI answers, Certain sectors are underperforming as compared to the markets like the FMCG sector. but over a longer term you should see returns on the stocks.

prasad asked, hello what is future of infossys
PRANAV SANGHAVI answers, Infosys outcome depends a lot on the way the Dollar moves. Eventually Infosys will come out with a strategy to overcome the dollar weakening. Post that it should move up a I am sure their growth will not get hampered.

Amba asked, I want to invest in Pharma market , which I should go @50K investment
PRANAV SANGHAVI answers, You could look at Ranbaxy, Glaxo or Dr. Reddy.

SANJAYPI asked, Should i sell GTL or hold
PRANAV SANGHAVI answers, Switch to another telecom stock.

namitha asked, Hi Pranav, what is your opinion about sinte industries?
PRANAV SANGHAVI answers, I think it is a strong player in the plastics industry and you could hold on.

Sai asked, I have 1000 shares of Satyam @ 481. Should I hold or sell them? Will Q1 results be of any use for the stock value to appreciate?
PRANAV SANGHAVI answers, You could average at lower levels and hold on as they are growing at a decent rate on a year on year basis. But its only because of the weak dollar that it is underperforming.

jaideep asked, i have Tata Tele @ 28 so how long should i keep it for a growth of 20%
PRANAV SANGHAVI answers, Yes you could.

BAD asked, What is your view to enter for IFCI, IDFC at current level for 6 months
PRANAV SANGHAVI answers, I think both the stocks should yeild you decent returns over a 12 month time frame.

ashishr asked, How you see bhel, is this right investment time to enter in this stock or wait for correction
PRANAV SANGHAVI answers, BHEL has run up quite a bit over the past few months. But you could surely look at it in dips and corrections. That and L&T would yeild decent returns over a 6 to 12 month time frame.

TSagars asked, Good Afternoon Sir, wheather there will be corrction??
PRANAV SANGHAVI answers, If the markets continue to rise at the rate it is then once the index hits a PE of 20 or 21 it should correct.

Ranjan asked, hi pranav, i have vishal exports shares...7000 of them is there any link between vishal export and vishal retail?? would love to see the jump vishal retail showed today
PRANAV SANGHAVI answers, I don't think there is any link between the two.

kittu asked, can we have any target for NTPC and PFC?
PRANAV SANGHAVI answers, Both can be bought with a 6 months outlook atleast for a decent return. NTPC could yeild anything betweek 15 to 20% over current levels.

kamlakar asked, how is nicolas pirmal
PRANAV SANGHAVI answers, It is a decent stock in the pharma sector. One could look at it with a longer term outlook.

lokesh asked, how do the technology shares look at this stage?
PRANAV SANGHAVI answers, To me they look attractive buys based on their last quarter results and their future growth possibilities. If the Dollar appreciates marginally they could show a jump.

harsh asked, hello your view on purhcase of ispat inds at presnet rate pl
PRANAV SANGHAVI answers, I would sell rather than buy at this rate.

vinayk asked, what is your advice about Jindal Steel for long term say 3-5 years.
PRANAV SANGHAVI answers, I think it is a strong player in its segment and could surely be looked at with that time frame.

ADITYA asked, Is Share market playing somewhat risky or completly safe or little safe.
PRANAV SANGHAVI answers, It depends on how you would approach inesting. If you day trade it can be the riskiest end of stock market investing where as if your time horizon is over 12 months atleast it can be relatively safer depending on again the stocks you choose.

prashi asked, what is the future of mindtree and GVk power
PRANAV SANGHAVI answers, I think over a longer Mindtree should give decent returns. Also GVK power.

SB asked, What would be ur top picks from the following sector: Retail, Construction, IT, Banking, Diversified
PRANAV SANGHAVI answers, I would look at all the first 4 you mentioned. They are the ones with the strongest growth potential.

piyush asked, i am holding SBI bought at price 1100 for last 6 months. what is the target for SBI.
PRANAV SANGHAVI answers, I think it would move further up after the next few quarterly results after consolidation. But you could see a 20 to 30% return over a 6 to 12 month period.

kaushik asked, i have IFCI at 16.5. should i book profit?
PRANAV SANGHAVI answers, You could sell about 1/6th of your holding to make the balance shares that you hold nearly free. But hold on.

ani asked, which banks look good for medium term investment at present level?
PRANAV SANGHAVI answers, SBI, HDFC, ICICI, Vijaya, Syndicate are a few.

PRANAV SANGHAVI says, Well its time for me to leave and hope to see you'll next week. I regret the delay in replying there seems to be some technical problems. Bye for now.

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