PRANAV SANGHAVI says, Hello everyone and welcome to the chat. Lets begin.
fd asked, hello
PRANAV SANGHAVI answers, Hello FD.
amit asked, Where do you foresee RPL in next 3 years? will it be a good hold?
PRANAV SANGHAVI answers, RPL will start it's commercial production only in 2010. It should move sideways till then.
Trojan asked, Is this the best time to invest in mutual funds?
PRANAV SANGHAVI answers, If you are a long term investor then yes. The best time is at major corrections.
Gopal asked, What could be the market situation in next 3 months.
PRANAV SANGHAVI answers, Most of the companies have given great results and the companies look to perform well in the future also. Although one has to wait and see what changes are being brought about in the Budget which is round the corner.
varun asked, Hi Pranav! My question is, is Century Textile a good buy at the existing rate, for short term?
PRANAV SANGHAVI answers, I think it is a good bet with a long term outlook even at existing rates.
asdf asked, hi
PRANAV SANGHAVI answers, Hi asdf.
gaurang asked, market can cross 15000
PRANAV SANGHAVI answers, I don't see why not if the companies keep performing the way they are. But I think a correction is due, when is the question.
vky asked, Hi Pranav, How do u see the Real estate stock and what is ur opinion toward current IPO's.
PRANAV SANGHAVI answers, Hi Vky, I think they should do well in the future.
ff asked, Hi, sir, how well will Infosys shares do?
PRANAV SANGHAVI answers, Hi FF, Infosys should fare well over the next few years. I think it has the potential to grow at over 30% per annum depsite the Rupee getting stronger against the Dollar.
amit asked, Is FMCG price likely to fall in pre budget scenario.
PRANAV SANGHAVI answers, They have been underperforming but I dont think they budget will have a detrimental effect on FMCG stocks. If anything they should do well post budget.
vipin verma asked, hi , i 'm holding 500 torrent power wat's the future prospects for coming 6 months
PRANAV SANGHAVI answers, I think the power sector has a good future as there is an acute shortage of power in most parts of India and the companies are setting up new plants to meet the demand.
ff asked, Sir, please suggest four five good funds
PRANAV SANGHAVI answers, I will not be able to give you specific MF names, you would need to a MF advisor for the same.
Trojan asked, What are the sectors that are performing well these days?
PRANAV SANGHAVI answers, The Tech Sector, Pharma sector are doing well amongst others.
vj asked, Prospects of Rel Comm in short run
PRANAV SANGHAVI answers, I think the company has good potential and once it merges with REL Infocomm it will reap benefits.
dd asked, Sir, how good is HSBC growth fund for SIP?
PRANAV SANGHAVI answers, I would need to see the Portfolio mix to be able to advise you.
indy asked, what is your view on investing 5% of pension funds in stock markets?
PRANAV SANGHAVI answers, I think it will create some sort of balance in the PF rates being offered and earned by the PF's. Also it will play as a good counter to FII money in the coming years if the corpus increases.
fd asked, Sir are corrections expected shortly ?
PRANAV SANGHAVI answers, As I mentioned last time corrections are a part of the game. But one pre budget minor correction cannot be ruled out.
amit asked, can we forecast 20000+ in 2010?
PRANAV SANGHAVI answers, Yes why not. As long as the top 200 odd corporates keep up their performance of growing over 18% per annum.
mgupadhyay asked, How are you looking Balrampur ?
PRANAV SANGHAVI answers, I think it is a frontline paper stock. And it is a good play in that sector for a long term outlook.
sanram asked, hi pranav,is our stock market more like a casino?
PRANAV SANGHAVI answers, Most stock markets are considered to be casino's. But that is only for the day trader. The long term investors have always made money and I would look at it as an alternative investment avenue like Real Estate, Gold and Bonds.
tyagi asked, What range do you see for NIFTY for a month?
PRANAV SANGHAVI answers, I don't see it crossing the 4250 mark in a months time.
siddharth asked, sir, my question is that if the fomc decides to increase the rate of interest by 25 basis points to control the inflation due to dcreasing unemployment rate, then how down can the nifty go??and will it impact the commodities too like in may last year??
PRANAV SANGHAVI answers, I don't think we will see an as sharp a correction as May. But rising interest rates could bring about a minor correction.
RAVI asked, SHALL WE ENTER TECHMAHINDRA AT THIS LEVEL
PRANAV SANGHAVI answers, If you are a long term player yes you can.
darshan asked, hi sir
PRANAV SANGHAVI answers, Hi Darshan.
abhi asked, hi is it the right time to invest in mutual funds right now?? pls advice..thanks
PRANAV SANGHAVI answers, If you are not opting for SIP then the right time would be at a major correction like the one we saw a few weeks back.
Ramesh asked, Please suggest some good buys for long term holding. I am interested in good and reputed companies shares only. Please suggest the rates at which the shares can be purchased at current levels.
PRANAV SANGHAVI answers, I have given out a few stocks in my previous two chats, I would request you to refer the same. Thanks.
sashi asked, what is the 1-2year prospect of Mcleod Russel?
PRANAV SANGHAVI answers, I am not that bullish on the stock.
chandrak asked, Is it worth buying Blue Star @220, PVR @ 230, Era Construction @490, Elder Pharma @ 410 and Welspun Gujarat @ 110 levels?
PRANAV SANGHAVI answers, All the stocks are good midcap stocks but I would enter on corrections rather than new highs.
wwewewe asked, hello, i am holding 700 suflag iron and steel @ 27.3 and 300 balrampur chini @ 94.5, 500 sunflag iron and steel @ 16.5 and 500 jct @ 11.3. Please comment on above holding and for how long should i be holding these stocks and what should be the intended exit limit for each of these stocks. Thanks in advance.
PRANAV SANGHAVI answers, The exit limit would depend on your profit target. But if you are making over 30% you could always book some profits.
Nayan asked, Hi Pranav, is Info Edge (naukri.com) a good buy at current levels?
PRANAV SANGHAVI answers, The stock has run up quite a bit. So one should be careful and study the P/E ratio carefully.
BHAT asked, WHAT ARE THE PROSPECTS OF BAJAJ HINDUSTAN AND PRISM CEMENT
PRANAV SANGHAVI answers, I think both should do well over a 1 year time frame.
senthil asked, tell us abount PLOARIS stocks
PRANAV SANGHAVI answers, Polaris has given decent results and looks to do well over the next few quarters. There is a rumor floating of a stake sale.
RAJESH asked, WHERE IS THE MARKET HEADED
PRANAV SANGHAVI answers, I think over a 3 to 4 year outlook the markets should move upwards steadily with timely corrections.
Trojan asked, I want to invest money in the stock market. Any tips for this first-timer? How do I go about it?
PRANAV SANGHAVI answers, I would recommend you undertake a few basic courses from BSE's training intitutes and then consult your broker.
koolpravin12@rediffmail.com asked, I have stock of kaltaru power @ 580 What to do ?
PRANAV SANGHAVI answers, I think you could continue to hold on.
ashwin asked, what about satyam
PRANAV SANGHAVI answers, I think it should do well despite its numbers over teh next 3 to 4 quarters.
santidgp asked, i m purchase bajaj hind @ rs 298. now rate is 187 what i do?
PRANAV SANGHAVI answers, I think you need to hold on for some time to see your rate again.
BHAT asked, CAN U PLEASE SUGGEST SOME SMALL PROFIT MAKING SCRIPS FOR SHORT TERM
PRANAV SANGHAVI answers, You could look at some quality midcap Tech, Banking or Media stocks.
varun asked, Hey Pranav..please answer my question! Is Century Textile a good buy at its current rate, for short term?
PRANAV SANGHAVI answers, I have already answered your question,
please scroll back.
Imran asked, I hold 15000 tata teleservices at Rs 18.15/-, should i hold the stock or sell and what is short terms i.e 3months and 1 year target.
PRANAV SANGHAVI answers, You could look at booking some profits if it moves up to Rs. 24 and then look at other growth stocks.
manishb asked, I am holdnig 1000 ifci that I have purchesed @17 what should I do now.?
PRANAV SANGHAVI answers, In the short term it should move up. You are still making a 50% profit you could book some profit.
RAJESH asked, HELLO SIR HOW R U
PRANAV SANGHAVI answers, Hello Rajesh, I am fine thank you. And yourself?
subrata asked, I am holding 200 shares of Bajaj Hindustan @ 350, what should I do now ? Should I average my stock at these levels and how long I have to wait to get my price
PRANAV SANGHAVI answers, You would have to wait for a while to see your price. As the sugar stocks had a great run for over two years but look to slow down.
pradosh asked, i have around 150 shares of RPL bought at an avg of Rs. 75. Should i stay invested or sell it now and buy later?
PRANAV SANGHAVI answers, I think RPL will move substantially once it starts commercial production in 2010. So if you could wait then hold on. Or switch to a growth stock and buy it back later.
sudha asked, What about KPIT Cummins share?
PRANAV SANGHAVI answers, It has been rising on a daily basis. I think they will perform well over the next few quarters.
prerana asked, hi pranav, i have 100 polyplex @ 190.00, nelco 50 qty @ 170.00 i should hold it or not
PRANAV SANGHAVI answers, Hi Prerana, you could switch to growth stocks.
kiran asked, can i enter sugar stocks bajaj hindustan & balrampur chini at current level with a time frame of 1 year ?
PRANAV SANGHAVI answers, I would rather look at other sectors than sugar right now.
ashwin asked, i have purchased satyam @278/- qty.250 what is your suggestion
PRANAV SANGHAVI answers, I would hold on.
Amitava asked, Ihave been alloted with 105 shares of Cairn India in its IPO. Should I retain them or sell now? Can I wait for another 6 months?
PRANAV SANGHAVI answers, If you can hold then do so. If you have an investment opportunity then switch.
Nikhil Bhasin asked, What should be the time frame whe you say Long Term Investor according to you??
PRANAV SANGHAVI answers, Anything from 1 to 3 years atleast.
prerana asked, how is this teledata infor. share? and till what rates it should go?
PRANAV SANGHAVI answers, I just was told there is a demerger and every shareholder shall receive shares of 2 other demerged companies which will be listed. So I think it is a good hold.
john asked, hello sir, i am new to this field and i am engineeer..i want some money to start a consulting in mechanical feild. if i work hard, can i double the investment within a year by buying n selling shares..how much one can earn in this field at approximate?..
PRANAV SANGHAVI answers, I don't know about doubling the money but you could easily make a 30% return on studied investments. I know certain portfolio managers are managing over 50% per annum.
Ramesh asked, I had brought Andhra Bank at the rate of Rs 87 should I hold on for short term gain?
PRANAV SANGHAVI answers, Yes you could hold on although you must keep in mind that there could be news on SLR, Interest rates etc.
rajeev asked, what will be the position of sensex expecting in coming march
PRANAV SANGHAVI answers, I think in April the results will be good and the markets should react positively to the same. In March the budget will affect the markets outcome.
kiran asked, can i enter sugar stocks at current level with a 1 year time frame ?
PRANAV SANGHAVI answers, I would not barring maybe Balrampur or Bajaj Hind.
subash asked, hello
PRANAV SANGHAVI answers, Hello Subhash.
SBAND asked, What is your view on Infotech Enterprises at current price ?
PRANAV SANGHAVI answers, You could hold on.
ggh asked, How will ICFI stocks do in near term
PRANAV SANGHAVI answers, In the short term it has already run up on the news of its stake sale in NSE. It should move up in the very short term but may correct later.
RAJESH asked, WHATS UR OPINION ABOUT ADLABS FILM
PRANAV SANGHAVI answers, I think it should continue to do well in the future.
ggh asked, how will ASTRA MICROWAVE will be doing for long term
PRANAV SANGHAVI answers, I am sorry I do not follow that stock.
sayuj asked, what is the near future of cement stocks
PRANAV SANGHAVI answers, I think despite the news of Duty reduction for Imports, I think the cement sector will continue its stellar performance.
vky asked, Hi Pranav.. How do u see GMR. Is it wise to stick with it.
PRANAV SANGHAVI answers, I think it is a good stock to hold on to.
blaje asked, I hold Archies 675 shares at the rate of rupees 184 per share. Can I exit or hold.
PRANAV SANGHAVI answers, With the retail sector booming Archies should ride the wave so you could hold on.
ram asked, what is ur say on celebrity fashions
PRANAV SANGHAVI answers, I do not follow that stock sorry.
Navin asked, Can you suggest whether one can enter RNRL, Rain Calcining, M & M, IDBI and IDFC at surrent levels?
PRANAV SANGHAVI answers, M&M, IDBI and IDFC have run up sharply over the last few weeks already. I would enter on corrections rather than such high prices.
rahul asked, Is bharti airtel and wipro worth to buy now?
PRANAV SANGHAVI answers, Yes I would buy both on every dip.
batra asked, pranav... how are you doing today
PRANAV SANGHAVI answers, I am fine thank you. And yourself?
carin asked, I am holding BSEL INFRA AND GTL INFRA 100 EACH. I WOULD LIKE TO KNOW THE PROSPCETS OF THE COMPANY
PRANAV SANGHAVI answers, I do not follow these stocks but the Infrastructure sector on the whole should perform well.
dhania asked, can i enter cement stocks at current level with a 1 year time frame ?
PRANAV SANGHAVI answers, Yes you could.
KSatpathy asked, I am having 160 shares of Nissan Copper Ltd. Now I wanted to sale the shares but there is no buyer. What is the reason. Should I hold it for long term.
PRANAV SANGHAVI answers, I dont follow that stock sorry.
sss asked, do you foresee another correction soon ?
PRANAV SANGHAVI answers, I think the markets are fairly valued currently. If they run up sharply then a correction before the budget could not be ruled out.
kiran asked, Can i enter GMR,GVK,or Hindustan Constructions at current levels ??
PRANAV SANGHAVI answers, If you are a long term investor then yes but I would still buy on corrections and dips.
harmeetsahni asked, hello pranav is bajaj hindustan a gd buy now
PRANAV SANGHAVI answers, Hello HarmeetSahni, I would look at other growth sectors.
ram asked, please suggest me on exide
PRANAV SANGHAVI answers, You could hold on.
deva asked, hold tech mahindra for how long?
PRANAV SANGHAVI answers, I think over the next 1 to 2 years the stock will perform well.
quadeer asked, what about ceat
PRANAV SANGHAVI answers, I think Ceat is a bit undervalued considering the investments it hold in its balance sheet in other listed group companies. Plus the auto sector is also on the boom and Ceat should benefit marginally.
vsr asked, what is your opion on real estate business in india at present
PRANAV SANGHAVI answers, I think it is still the tip of the iceberg. I think more and more foreign funds will enter the Indian shores and the real estate business should mushroom over the next few years.
som asked, hi pranav, can you tell me whether it will be wise to invest in mutual funds that are predominantly infrastucture ones?
PRANAV SANGHAVI answers, If you wish to limit your investments only to the infrastructure funds then yes. But otherwise you would be better off with a diversified growth fund.
PRANAV SANGHAVI says, Well it's time for me to leave. I hope to see you all next week, till then goodbye and happy investing.
Chat with Pranav every week!
