After Tuesday's mayhem, traders on Wednesday had lots to cheer with Sensex closed 496 points at 14,287.
The Sensex opened with a huge postive gap and has maitained it through the day. Nifty too closed in the positive region.
In such volatile times, what strategy should you adopt? Which stocks to buy, sell and hold?
Stock market expert Pranav Sanghavi answers a few such queries...
PRANAV SANGHAVI says, Hello and good afternoon to everyone. Welcome to the chat, let's begin.
Sameer asked, Hi Pranav, I bought 20 bajaj hodling & investment shares at about Rs 740, It is currently trading at Rs 350. Though there are couple of good rallies in the share market, the shares of bajaj holding & Investment not at all moving forward compared to other frontline stocks. Do i need to hold it till it reaches those high level?. I bought the shares when it was named as "Bajaj auto". Please advice. Thanks
PRANAV SANGHAVI answers, at 2008-07-30 15:51:48Just today there was a review of the stock on a news channel. You would have to hold on for a long time to see your price levels.
SRR asked, hi, I invested in follwong growth MFs. DSP ML T.I.G.E.R FUND, ICICI PRUDENTIAL INFRASTRUCTURE FUND, KOTAK OPPORTUNITIES. Please advice me whether these funds are good investment for handsome returns 3 to 5 years period. Shall i buy more units in these funds or buy other diversified funds. Please suggest. Thanks
PRANAV SANGHAVI answers, DSP Tiger especially has given stellar performance over the last few years. I would surely hold on to the fund. If you are investing with a 3 to 5 year outlook you will surely see decent profit in that time frame.
riyas asked, Hi Pranav, Are you bullish on IDFC, Varun shipping, Canara Bank, Jindal saw,Pantaloon Retail stocks. If yes, shall i buy these shares at 1 to 2 years outlook. Thanks
PRANAV SANGHAVI answers, I like all the stocks you mention. I would hold on surely.
Babu asked, What is your take on HDIL, Grasim, Tata chemicals, Techmahindra and ultratech cements. I have an 1 to 2 years investment horizon. Thanks.
PRANAV SANGHAVI answers, Barring HDIL I like all the stocks you have mentioned and can be held for the time frame you have mentioned.
jiljil asked, Please advise the future of these companies for a period of 3-5 years All Reliance Group Co's, TCS, T.Motors, Voltas,Tata Tele Mah,Rajesh Exports, Praj IndWalchandanagar Industries, Rolta India, Siemens, L&T, BHEL, Gujarat NRE Coke, Powergrid, NTPC, DLF, HDIL, Unitech,Asian Electronics, Alstom Projects,Jaiprakash Associates,GMR Infra,Valecha Eng,Elenco Eng,Mercantor Lines,Indian Hotels,M&M, Maruti,Appolo Tyres, IDFC, Sesa Goa,Religare Enterprises,Neveli Lignite,Petronet,
PRANAV SANGHAVI answers, I think you have asked way too many companies in one single question. I am afraid it won't be possible for me to give advice on that many stocks in one chat session as it won't be fair to other persons having posted queries.
Prabhu asked, Hi, I like to buy RPL, SAIL, NTPC, Sterlite. Shall i buy at CMP. I like to buy 100 shares each and can hold it for 1 year period. Please advice.
PRANAV SANGHAVI answers, You could have bought a small part of your total invesment plan on a day like yesterday when the markets were down by 500 odd points rather than a day like today where the markets are up by 500 points. Also, buy in parts and not at one go and most importantly buy it for 1 year and over only. I would still wait for a downward correction before jumping in.
Sid asked, should i hold BHEL 21 shares @ 1800
PRANAV SANGHAVI answers, Yes I would surely hold on.
Nikhil asked, What are the future prospects for ICICI bank,DLF?
PRANAV SANGHAVI answers, Despite the negative scenario for banks currently, I think ICICI bank will surely come out tops over a longer term. If you can look at the stock with a 1 to 2 year outlook then you can surely look at the stock. But buy on downswings in parts rather than at one go.
mintoo asked, plz tell me future or rpl. i have 3000 share or rpl @ 200
PRANAV SANGHAVI answers, Once the commercial production starts sometime this year or early next year the stock should see some jump in its price. You should be able to exit with a decent profit at that time.
javed asked, can i buy punj llyod?
PRANAV SANGHAVI answers, Punj Lloyd has finally posted decent results this quarter. You could surely look at it with a long term outlook. It had got beaten down hard over the past few months.
Rajan asked, I have Jai Corp @1050. Will Jai Corp prices go up following the nuclear deal ?
PRANAV SANGHAVI answers, I doubt it.
sirjhon asked, Is it Right time to book profits in Reliance natural
PRANAV SANGHAVI answers, If you are in profits you could as the legal battle with RIL looks like will go on for a long time.
vaishali asked, which shares will be good in near future according to you, i m confused about what to buy?
PRANAV SANGHAVI answers, If you are convinced that you will see higher levels on the index in the coming months then you should look at the frontline index stocks like RIL, L&T etc. They are the ones that will bounce back first if the index rises.
anshul asked, hi i have SBI @1610 and SBI@ 1079 wat shuold i do shuold i wait or sell?
PRANAV SANGHAVI answers, Your average rate is around the CMP. I would wiat for a while as I am pretty sure you will see a decent profit over 6 to 12 month period.
anup asked, Hi pranav, I have 85 shares of rajesh exports @ 85, the stock is moving very slowly. What do you think the prospects are for this. when should i sell. i have 50 shares of reliance power @ 156, what should be the target for this. I am looking at medium term profits for all my shares. Thanks anup
PRANAV SANGHAVI answers, Rajesh Exports you could look at booking profits and swithcing. R Power is surprisingly being added to the index stocks. It has yet to have a plant commissioned and it is being added to the index stocks. So the stock may get some boost by this virtue. Besides that the stock doesn't look to jump up till its plants are up by 2010. R Power is surely not a medium term buy.
brijinder asked, I am a fresher. I want to buy a few stocks. Kindly guide which would be the best to buy ?
PRANAV SANGHAVI answers, Stick with the index stocks. Buy in small parts and only on dips in the index. Do not buy when the markets are up.
SUSHIL asked, I BOUGHT L&T @ 2700 SHOULD I HOLD?
PRANAV SANGHAVI answers, Yes surely hold on. It is cum bonus plus it looks to continue to give decent results over the next few quarters despite the possible economic slowdown that is projected.
rao asked, Hi pranav, i would like to invest in Max, and NTPC at this level ,pl advice me sir.
PRANAV SANGHAVI answers, You could surely look at NTPC with a medium to long term outlook.
satish asked, which reality share is good to buy for short and long term ?
PRANAV SANGHAVI answers, I don't think you can look at realty stocks with a short term outlook. You could look at stocks like DLF, Unitech and even niche players like Orbit but only with a long term outlook.
LGANAPATHY asked, Hi Pranav, I have 1000 Nos IFCI bought at Rs.91/-. Can hold or sell? Advice. Also advice on Tata Teleservices?
PRANAV SANGHAVI answers, It looks very difficult at this stage for the stocks to reach those levels very soon. You could book a marginal loss on a rally and switch to a quality growth stock.
pranav asked, Please tell me your views on the future of telecom stocks i have rcom 100 shares @ 700
PRANAV SANGHAVI answers, Most of the telecom stocks have postedstellar results barring say Idea. Bharti posted extremely positive results. I am bullish on RCom also but only with a long term outlook.
sumit asked, i am holding 100 parsavnath developers for RS 145 plz tell me what to do
PRANAV SANGHAVI answers, Switch.
Ankit asked, I have to Invest near 20000 rs, whicg will be the best option
PRANAV SANGHAVI answers, Frontline index stocks in small parts on every day the markets have dipped like yesterday.
MANN asked, What is near future prospect of HCC?
PRANAV SANGHAVI answers, They have some very interesting projects nearing completion. Their Lavassa project which is a large township development near Pune which though is in partnership should yeild some good returns to the company over the next few years. I would look at the stock with a 2
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