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'Cement sector could outperform the market'

Last updated on: September 26, 2006 14:28 IST
Now that the Sensex has crossed 12,000, questions were mostly on when it would cross 13,000. Market expert Pranav Sanghavi  was as specific and as quick as usual. Here is the transcript:

Good afternoon everyone. Let's begin the chat.

vaibhav asked, i have RNRL for rs 23 what is the future prospects of the sctock
PRANAV SANGHAVI answers, I would look at the results over the next few quarters before I make a decision. It is a relatively new company. But I guess on a longer term it should do well.
pcm asked, what is the prospect of ashok leyland. hold or sell.250 ALL at @rs.50
PRANAV SANGHAVI answers, You could book profit at Rs. 50 and wait for a dip to get back into the stock, if you so wish.
PRANAV SANGHAVI answers, I think it is a strong player in its segment. One could hold.
Animesh asked, Whats the prospect of Arvindmill 100 stocks @ 71.80 should I hold??
PRANAV SANGHAVI answers, Hold. The textile sector has not matched the performance of the SENSEX. And Arvind Mill is a good performer and has good prospects in the future too.
rohit asked, sir actually i like to ask about the mutual funds is it right time to withdrawl amt or stay & wait for diwali
PRANAV SANGHAVI answers, You could wait till Diwali. There could be a correction between now and Diwali but post the September quarter results and closer to Diwali the markets should rise.
VJ asked, how is IOB going to go forward
PRANAV SANGHAVI answers, If their NPA issues are resolved one could hold.
Animesh asked, Which are the best tax saving MF to buy??? And how much to invest in it?
PRANAV SANGHAVI answers, Could you please email me the query with further details, so I could revert back with a suitable reply.
po asked, sir, what is the future prospectus for Balrampur chinni mills?
PRANAV SANGHAVI answers, You could hold on. They are also getting into Ethanol manufacturing which should augment it's income further. It's sugar capacities are also being increased.
Anil asked, How is Tech Mahindra at present 600 odd levels for long term investment?
PRANAV SANGHAVI answers, I would hold on. But review it again after a couple of quarters performance.
mohanasundaram asked, what is the prospect of KEC INFRASTRUCTURE
PRANAV SANGHAVI answers, KEC is essentially into Transmission towers. Along with the growth of the power sector they too could do well if they keep their costs under control. But do study the scrip carefully before investing.
abhijit asked, I have mahavir spinning mills @ 299.what is the future prospects of the stock? should I hold?
PRANAV SANGHAVI answers, I would switch to a frontline textile stock.
lijo asked, Hello..what is ur suggestion on videocon appliances and whirlpool
PRANAV SANGHAVI answers, I think Videocon Group is in a transformation and growth stage. I would hold on.
PRANAV SANGHAVI answers, I think you could hold on to SBI. Although ICICI also has good growth potential from current levels. What is your acquisition price of Simbhaoli Sugars? You could book some profits and switch to another sector.
vivek asked, what is the prospects of MRPL
PRANAV SANGHAVI answers, Good on a longer term basis. But its a refinery stock and its margins will depend on the movement in crude oil prices.
supratic asked, Will the sensex drop even before it touches its last peak? My analysis is that market always drops in march because compamies have to show profit, distribute dividents, etc. Looked logical. The two year before last year was this story. Last year, the triger came little early because of some anouncements.. and some people who invest based on other money got caught.. Well showed some faults is the system. These people are not real investers. Real investers hide behind them and get ZERO loss investment opion as they can sell when it touches red. I hope similar phenomena is not repeated. Market should get correction either a) Market fault b) Year end booking I hope it will not drop before Jan.
PRANAV SANGHAVI answers, I think the markets look poised to break the previous highs but not without timely corrections. Markets crashing beyond March results is debatable.
amitm asked, what is prospects of Oriental commercial bank
PRANAV SANGHAVI answers, Oriental Bank is a strong player in the non-private banks. You could hold on.
bharad asked, hi, when do you see sensex touching 13000?
PRANAV SANGHAVI answers, I would say when the earnigns justify that level. Basically if the SENSEX stocks are at P/E Multiples of around 14 to 15 and the index is at 13,000 then it is justified. Not if the P/E ratio is 20.
Tyagi asked, sir will u please tell me that every says that there will be slow down in usa economy in comming year and it will contineu up to 5 years what kind of effects it can have on indian market.
PRANAV SANGHAVI answers, I think just yesterday the Fed Reserve Chairman said the figures were bouyant and there possibly is no slow down in the economy. Also I think the Indian Economy is not only dependent on the USA markets. Our GDP is growing at well over 8.25% and our inflation shall be kept under 5%. This itself will make us among the top 5 fastest growing economies in the world.
deepak7761 asked, I m invested in Grasim, i have purchased 25 shares @ Rs. 2090.00 is it the right time to sell out
PRANAV SANGHAVI answers, I would hold on. The cement sector could out perform the market.
bharad asked, if a correction is expected, till what scales would it drop? 8000 again?
PRANAV SANGHAVI answers, I doubt the SENSEX could breach those levels. A 1000 point correction would be healthy.
YAHOO asked, I have RPL @ 65.what is the future prospects of the stock? should I hold?
PRANAV SANGHAVI answers, I have answered the query in my previous chats please refer. Switch to a growth stock.
Hari asked, Why the sugar stocks are going down.I hold 60 Bajaj Hindustan @351.Should I hold or exit?
PRANAV SANGHAVI answers, Bajaj Hind. is a frontline sugar stock. You could hold on. But do remember it is a Re. 1 paid up stock.
pksaklecha asked, WHAT LEVEL IOC CAN REACH. Please tell your opinion about Arvindmill in kong term
PRANAV SANGHAVI answers, IOC is a oil stock and its performance depends on the movements of crude oil prices. As for arvind Mill I have given a reply in this chat itself earlier.
debashis asked, i want to know thet uti welth billder fund g how is that for a new investment
PRANAV SANGHAVI answers, I would need to see it's portfolio of investments. But if it is a large cap diversified fund then one could look at it.
RNRL asked, RNRL and Rana sugars should i hold?
PRANAV SANGHAVI answers, I have answered the query earlier on RNRL. The sugar stocks are moving downwards currently. You could hold on.
manjh asked, I brought astra microw product 1000 shares @235/- what to do.I can hold if I get return.
PRANAV SANGHAVI answers, I am sorry, I don't follow that stock.
Rajesh asked, Sir, Which do u think are the best pick now..with good long term perspective
PRANAV SANGHAVI answers, You could look at the frontline stocks in the tech sector, cement sector, engineering and construction sectors, FMCG and banking sectors.
Prakash asked, what is the short term & Long term target of Punj LLoyd?
PRANAV SANGHAVI answers, I would stick with a frontline like TISCO or SAIL if I were to invest in steel stocks.
vidyanand asked, What is the future of Petronet LNG? I am having 2000 share @ Rs.35. I am ready to wait another 6-months.
PRANAV SANGHAVI answers, You could book profits and switch to a growth stock.
deepak7761 asked, Sir, i have been watchin Deepak fert. since last one year, the minimum is 65 and the high aprox 120, if i wan to invest for short period is it good to invest
PRANAV SANGHAVI answers, You could look at it.
Premya asked, Sirji, I am holding REL@475. Should I wait or sell it?
PRANAV SANGHAVI answers, You could hold on as they have major expansion plans in the future.
ravimittal asked, Hi Pranav, WHat do you think that BSE can reach upto in 2 years span of time. What do you think if IDBI stock in particular
PRANAV SANGHAVI answers, If the corporates keep the performance growth as they have over the last 3 to 4 years then markets could breach 15,000 in 2 years. One could look at IDBI. But I would be more comfortable with a frontline banking stock like SBI or ICICI or HDFC Bank.
itri asked, i have aftek infosys shares 100@55.05 now wht to do?
PRANAV SANGHAVI answers, Book profits and switch to a frontline tech stock like TCS, Infosys etc.
Navneet asked, what is future of Pentamedia Graphics?
PRANAV SANGHAVI answers, I do not follow this scrip but I would be extremely carefull before investing in the same.
ravimittal asked, i have gangotri textiles 125 shares at 45. right now it is at 28-29.. what do u think, i should stay invested or quit?
PRANAV SANGHAVI answers, I am sorry I do not follow that scrip.
satender asked, I am holding 50 thousand shares of Pentium inf.(532117)what is the prospect good profit in june quarter still at 52 week low.should i quit this .
PRANAV SANGHAVI answers, This looks like a penny stock. I would not touch such a stock.
manjh asked, What is thefuture prospect of Neyveli lignite
PRANAV SANGHAVI answers, You could hold on for a period of over 6 months from current levels.
binu asked, I have 25 share of Bharat Forge @ 343/- Should I hold? or I should get out Bina
PRANAV SANGHAVI answers, Hold on.
ravimittal1 asked, what do you think of gangotri textiles. I took 125 shares @ 45. now it is at 28..
PRANAV SANGHAVI answers, I am sorry I don't follow that scrip.
YAHOO asked, Can you tell me offhand figure as to what return has the sensex given in last 3, 5 ,10 years?
PRANAV SANGHAVI answers, Over 10 years it will be well over 30%. Over 3 years the markets have risen from 3000 levels in 2003 to 12000 in 2006.
binu asked, What is the future of Adani Export Bina
PRANAV SANGHAVI answers, You could hold on. They have a comparatively small capital where as it's reserves and profits are huge.
MLM asked, Hi Pranav
Tyagi asked, sir can u tell me the exact reason for market falls in may month and how quickly it bounce back. i want to have live chat with u becoz i have a so many questions like if we say FED reserve rate then at that time it was 5 now it is more than 5 stil indian market is bullish. If we say nomal correction then why in all world index fell down on the same month.
PRANAV SANGHAVI answers, This seems to be a simillar query to your previous one. Could you please email the query for me to revert in detail.
satish asked, what is your opinion of liberty shoe and mercator lines at current levels
PRANAV SANGHAVI answers, I would wait and watch.
ravimittal1 asked, what do you think about IDBI... what is the target for IDBI in 5-6 months of time..
PRANAV SANGHAVI answers, I do not undertake technical analysis of scrips therefore will not be able to give you price targets.
Madhuri asked, What would be the market in these days?? Could I purchase a Put now?
PRANAV SANGHAVI answers, If you could be more specific I would be able to answer. Purchase a Put on what? At what strike price? And at What premium?
yogi asked, what should be the market statergy for today.
PRANAV SANGHAVI answers, One could book prifits and wait and watch. If you see an uptrend go with the frontline stocks.
abhi asked, Good Afternoon Pranav, I am holding NTPC 500 Nos at Avg price Rs.82. Is it right time to buy more for Long term invesment. Or shall I shift to any other script which may give better return.
PRANAV SANGHAVI answers, Good afternoon Abhi. You have acquired NTPC at decent levels. You could surely hold for a long term. It is a fundamentally strong and stable stock. But if you want high growth rates then you could switch.
mohan asked, what about deep industries
PRANAV SANGHAVI answers, I would watch atleast 2 to 3 quarter results before makeing a call on them.
babi asked, I have 200 IVRCL InFra. @ 200. Shall I hold now or Sell.
PRANAV SANGHAVI answers, You could hold as all infrastructure stocks should do well in the future.
chanchal asked, What is the fate of Aftec Infosys . I purchased At Rs. 62.80. I have 400 shares.
PRANAV SANGHAVI answers, Book profits and switch to a frontline tech stock.
Madhuri asked, hi sir Can I purchase a put now.
PRANAV SANGHAVI answers, I think someone posed a simillar vague query please refer to my answer.
ashish2india asked, Dear sir, we have 500 share icici what are we do and rpl ka 300 share hai kya karu rana sugar, himchal fuct. ka kya karu
PRANAV SANGHAVI answers, Hold on to ICICI Bank. RPL could be swithced to a growth stock.
Tapse asked, Hi Good afternoon sanghavi
PRANAV SANGHAVI answers, Goof afternoon Mr. Tapse.
manjh asked, Telecome shares are rising but VSNL is not should I invest in VSNL at current level
PRANAV SANGHAVI answers, One could look at it with a long term view.
Tyagi asked, sir i have one more last question for u. what do u think when market will correct. becoz market will have to correct soon, reason is this no fundamental backing of nifty, as no good stock is rise as compare to nifty. banking is down IT is down, Pharma is down, Rather nifty futures is witnessing huge buying. so i think market will have to come down soon what u have to say about this plz answer
PRANAV SANGHAVI answers, Corrections are healthy and part of the game. Continuous rise is not good for any market as the crash will be that much more heavier like we saw in the months of May/June.
Biju asked, Can you advise the future of sree sakhti paper mills and Kothari sugar and Km sugar on a long term?
PRANAV SANGHAVI answers, I am sorry I don't follow that scrip.
lijo asked, hello ..What is ur suggestion on viedocon app and whirlpool..It has been trading in huge vlumes for last 2 weeks
PRANAV SANGHAVI answers, I think I already answered you query earlier in this chat, please refer.
ravimittal1 asked, what do you think of hindalco over 5-6 months of time. what is the target price for that.
PRANAV SANGHAVI answers, I would hold on. I don't have a price target but one could look at a return of 15 to 20%.
Riya asked, I have RICO AUTO INDUSTRIES LTD for RS.78 what is the future prospects of the sctock
PRANAV SANGHAVI answers, Most of the auto ancialliary stocks are doing well based on the good sales by the auto manufacturers.
Tapse asked, i have bought LML for 19.50 long it is 12 what to do guide me
PRANAV SANGHAVI answers, Switch to a frontline two wheeler stock.
ravimittal1 asked, what do you think of RPL. if i hold for 3-4 years, what do you think i will get as price?
PRANAV SANGHAVI answers, Once it's commercial production starts the stock could cross Rs. 100 easily.
satish asked, what is the prospects of Marksons pharma
PRANAV SANGHAVI answers, I am sorry I don't follow that stock.
Vijay asked, What do u think about the level of sensex after 1 month?
PRANAV SANGHAVI answers, A lot would depend on the September quarter results. But I expect good results from most corporates despite it having been the rainy season quarter.
hithere asked, i m intrestd to buy Grasim, is it the right time to invest in it ?
PRANAV SANGHAVI answers, You could look at it with a one year outlook. But I would buy on dips and corrections.
aashish asked, Hi Pranav, Just want to know how global market will effect to Indian Market and wt would Sensex future after this 12k ?
PRANAV SANGHAVI answers, I think beyond conslidation and the quarterly results the markets should rise steadily. Global markets do have a marginal effect on our markets as it translates to FII activity. And FII's more or less can move our markets eitherways.
Ramana asked, Sir, I have the following shares, But there is no trade. Please advise me. Global trust bank Rajinder Alloys Punjab Iron & steels Elegant Pharma Ojas Techno chem
PRANAV SANGHAVI answers, Please email me this query so I could revert back. Email me at
sumik asked, i have shares of suzlon...should i hold it or sell it
PRANAV SANGHAVI answers, I would hold on. They have just announced an overseas acquisition which will substantially augment its income in the coming years.
aniash asked, I have 100 hindalco at 170.can I holdit for 1 yr?
PRANAV SANGHAVI answers, Yes you could.
deepakkukreja asked, What is the future of Teledata Informatics. It is quoting at 1 PE and book value is 52 and the company is going for demerger. any Targets on this one
PRANAV SANGHAVI answers, I would switch to a frontline tech stock.
manoj asked, I have 1000 shares of NTPC,what is the future prospects of the sctock. Please tell me the rate of this stock after one month prospects.
PRANAV SANGHAVI answers, I just answered someones query on the stock. Please refer.
sriram asked, i have syndicate bank,JSW steels,IPCL what is the future,its time to dispose it sir ?
PRANAV SANGHAVI answers, You could hold all three.
anand_kiyer asked, I read that FII have increased their exposure on ASTRA - does that give hope to hold on....or it is better to switch (price almost near 52 week low)...
PRANAV SANGHAVI answers, If the FII's are purchasing there must be some strong reasoning behind the same. I do not follow it so I won't be able to help you.
VaRuN asked, hi pranav...What are your views about Unitech.? and the real estate stocks on the whole?
PRANAV SANGHAVI answers, Hi Varun. I think Unitech is a good play in the infrastructure stocks. Real estate markets will continue to rise. I don't see a crash as some industry are predicting as there is a huge amount of foreign money wiating to invest into real estate as soon as RBI eases the norms for foreign investors.
satish asked, I have hindalco@195 and Tisco @540 what should i do
PRANAV SANGHAVI answers, I would hold on to both.
mik asked, whts the prospectus of IndiaBulls?
PRANAV SANGHAVI answers, They could see a good couple of years ahead as they are also entering the real estate development.
Amatuer asked, wat r ur view on Praj Industries,SBI,Maruti can i buy @ current levels????
PRANAV SANGHAVI answers, All are excellent companies you could hold on to all.
PRANAV SANGHAVI says, Well it's time for me to go. Will catch you all same time next week. Bye for now.

Chat with Pranav every week!