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Rediff.com  » Business » 'It may take a while before the market corrects'

'It may take a while before the market corrects'

November 14, 2006 14:29 IST

PRANAV SANGHAVI says, Hello everyone. Welcome to the chat. Let's begin.

Tushar from Tanzania asked, Hi Pranav. Can i enter at present rates in Stocks like Orchid chemicals,Neyveli Lignite,MTNL,& Tata Tea .
PRANAV SANGHAVI answers, It always pays to stick with the frontline stocks. These stocks are fundamentally strong. But buy them in a correction. The market is too heated right now to take fresh positions.
Rahul asked, hi Pranav
PRANAV SANGHAVI answers, Hi Rahul.
dharma asked, Hi pranav, holding 150 shares of tata tea at 782, is it ok to add more now
PRANAV SANGHAVI answers, If your outlook is longer than a year you could, but personally I would wait for a correction which should be round the corner.
ramesh mehtha asked, i have purhcased 90 shares of HCC 75 shares of gujarat ambuja 25 shares of nagarjuna construction can u suggest the long term prospects of my invested comapnies
PRANAV SANGHAVI answers, All the 3 stocks should perform well in the long run as they are directly or indrirectly connected to the Infrastructure Sector. Cement companies especially will do exceptionally well over the next few years.
SAJAL asked, I M SAJAL I HAVE INVEST IN UTI CONTRA FUND IS IT FINE FUND TO INVEST
PRANAV SANGHAVI answers, I prefer large-cap diversified funds for a longer term outlook.
Guru asked, Hi pranav, Now the shares are in boom can i invest on stocks now or do i have to wait until the rates falls,plz tell me.
PRANAV SANGHAVI answers, Hi Guru, I think wiat for a correction. THe market may move right up to 14,000 before it corrects due to the momentum, but I would not invest in such a heated market.
BHANUSHALI J. asked, I HAVE PURCHASE 1000 SHARE OF SUNBEAM INFO @7.70 ON15.06.2005 TODAY @1.70 RATE SO WHAT YOU SAY SEL OR HOLD
PRANAV SANGHAVI answers, I do not look at penny stocks at all, so I won't be able to help you sorry.
jitenw asked, How do you rate I-flex for short term ?
PRANAV SANGHAVI answers, It is a good hold or you could also book profits and reenter at lower rates in the correction.
Malhotra asked, When and How much downside of the Sensex you see in the overdue correction, and on which technical grounds.
PRANAV SANGHAVI answers, I don't think the market will correct at the rate or the quantum of the May/June correction. But a 5 to 7 % correction could not be ruled out.
ph asked, today it seems infosys is at its peak. pl advise whether i can sell my holding of 25 shares since last 4 yrs and book profit now and whether i will get a chance to buy the same at lower rate. thank you
PRANAV SANGHAVI answers, You should get a chance to re-enter at lower levels. But don't sell in a hurry. It has risen also because of it's sponsored ADS offering.
ph asked, today it seems infosys is at its peak. pl advise whether i can sell my holding of 25 shares since last 4 yrs and book profit now and whether i will get a chance to buy the same at lower rate. thank you
PRANAV SANGHAVI answers, You should get a chance to re-enter at lower levels. But don't sell in a hurry. It has risen also because of it's sponsored ADS offering.
JATIN asked, hi PRANAV , pLESASE TELL US ABOUT GMR INFRA
PRANAV SANGHAVI answers, Hi Jatin, GMR will also do well along with the other infrastructure development stocks. They have also received a favorable verdict from the courts regarding large Airport projects.
Vijay asked, Hi Pranav is investing in Silverline in a longterm perspective is a good idea and i have RIL shares and can i hold on to it or sell it now at the current levels
PRANAV SANGHAVI answers, I would look at a frontline tech stock rather than Silverline. You could get RIL at lower levels if and when the correction does come.
sudhir asked, i have purchased godrej industries 350 shares @172/- per share now it is at RS. 158/- suggest me i am short term trader
PRANAV SANGHAVI answers,  It is performing well as a stock and it should continue to do so in the future. You should hold on. Also, Godrej Industries holds a substantially large stake in Godrej Consumer. And any price increase in God. Cons. will result in better valuation for God. Ind.
arun asked, Hi pranav, should i hold (or) sell Ansal Properties and Infrastructure bought at 422?
PRANAV SANGHAVI answers, You could hold on but the markets could correct soon. In the long run the real estate and infrastructure development stocks should do well.
BHANUSHALI J. asked, I HAVE PURCHASED 1000 SHARES OF SUNBEAM INFO. @ 7.70. ON 15.06.2005 TODAY @1.70 RETE SO WHAT YOU SAY SEL OR HOLD
PRANAV SANGHAVI answers, I already replied to this query.
SHIV asked, hello sir i m purchase hindalco 25 @ 182. please guide me
PRANAV SANGHAVI answers, Hindalco is a metal stock and it will largely depend on the price movements on the LME and other exchanges. But in the long term I am bullish on the stock.
vvshendre2003 asked, Hello sir ihave 200 Vaibhav gems @315 rs. ,also i want to purchase Hero honda at current rate pl. suggest
PRANAV SANGHAVI answers, I do not study Vaibhav Gems so will not be able to advise but Hero Honda you could buy on every dip, especially in the correction with a long term outlook.
dcgupta asked, i am holding shares of comanies like opetel telecommunications , Nacro Chemcicals and Parakraram Technofab. I am not finding quote for these shares. Most of these companies are reffered to BIFR. How can i recobver my investment
PRANAV SANGHAVI answers, If they have been delisted from the exchanges then there is not much you could do. You could apply to the Investor Protection Fund for part relief towards your purchase cost or try and write to the company.
shamik asked, Hi Pranab plz let me know theprospects of Centurion Bank of Punjab
PRANAV SANGHAVI answers, Post its recent mergers and fresh infusion of capital, I think the Bank should perform well over the next few years.
rrsca asked, hi i AM HOLDING THE 125 SHARES OF HOTEL LEELA SO SHOLD I HOLD IT
PRANAV SANGHAVI answers, Yes hold it.
vvshendre2003 asked, Sir tell me the future prospects of Sulzer india & shree precoated as i purchased same @ 290 & 405 resp.
PRANAV SANGHAVI answers, Suzler you could hold on to and the other stock I don't follow sorry.
investor asked, Should I purchase MRF, Goodyear at current level for 3-6 months period.
PRANAV SANGHAVI answers, You could look at MRF at dips and at times of correction. Goodyear wait and watch it's results.
shalabh asked, sir i'm a new entrant any particular long-term advice for me
PRANAV SANGHAVI answers, Take courses about the Stock Market before you plunge in. Try and stick to frontline stocks and also try and invest through Mutual Funds.
jay asked, is market is going up like this or is there any correction ?
PRANAV SANGHAVI answers, The momentum of the market might take it further up slightly but a correction cannot be ruled out. Regular corrections are healthy for a long term bull market.
raghu asked, hello sir i have 1500 andhrabank shares .i brought at 90/-rs,can i hold or sell
PRANAV SANGHAVI answers, Yes I would hold on. They are in the process of weaning out their NPA's from their balance sheet and should have good results by March 2007.
vinit asked, Hi, i am having 500 share of surya jyoti spining what you suggest this is the right time sale.
PRANAV SANGHAVI answers, I am sorry I don't follow that stock, so will not be able to help you.
shanker asked, I am a central government employee, can i purchase shares by opening Dmat account. If yes, which shares should i purchase.
PRANAV SANGHAVI answers, Yes you surely can unless your employment contract forbids you to invest into the stock market. I would invest in the frontline stocks with a 1 to 2 year outlook.
vb asked, Which is the best place to start as a beginner in the stock market? As in where to start learning from ?
PRANAV SANGHAVI answers, BSE and NSE both have excellent training institutes. You should do both the beginners courses for Equity as well as Derivatives to get a better insight into stock markets. You would get info about the institutes from the websites of the exchanges.
kaushik asked, What are the prospects of peninsula land and gillette?
PRANAV SANGHAVI answers, I am bullish about both the stocks. Pen Land has a lot of land with development rights which will reap profits in the coming years. And Gillete has virtually no competition and a product which has to be replaced regularly.
sattu asked, sir what do you suggest about tata tele, despite of the market it is decresing
PRANAV SANGHAVI answers, As I mentioned in my last chat, if it merges with some other group company in a simillar filed then it would appreciate in value.
hipne asked, i have purchased IDFC @ 80.40 worth rs.60000. I ahave a 3 month horizon. pl advice.
PRANAV SANGHAVI answers, In three months you should get a decent double digit profit. In the short term if the market corrects you could see lower prices. But If you had a 1 to 2 year outlook you could see a 3 digit price.
amit asked, what do you suggest abt orchid chemicals. for how long one should hold it ?
PRANAV SANGHAVI answers, It is a good stock and you could hold it for a year atleast.
tchsastry asked, please let me know the future prospects of hotel leela
PRANAV SANGHAVI answers, They are some news regarding expansion plans and JV with foreign chains. In the long run it should do well.
raj asked, hi Pranav, Plz tell me about the future of tvs motors
PRANAV SANGHAVI answers, Hi Raj, TVS has steadily increased its unit sales figures month over month despite competition from giants like Bajaj and Hero Honda. In fact the laters markets shares have fallen slightly to the benefit of TVS.
raghu asked,  hello sir i have 1500 andhrabank shares .i brought at 90/-rs,can i hold or sell
PRANAV SANGHAVI answers, Hi Raghu, I already answered your query.
Siraj asked, can i hold ranbaxy and tisco at current status?
PRANAV SANGHAVI answers, Tisco you could, Ranbaxy keep a continuous watch.
ithika.arora asked, hi pranav, For certain companies we see when they declare a bonus share the prices are going down rapidly.(For ex satyam ) Y is it so?infact it shouldbe on the contratary
PRANAV SANGHAVI answers, Once a bonus is factored into the price of the company the stock normally averages out with the additional shares offered in the bonus. Thats why the price falls. But eventually the price starts to rise if the company continues its performance.
Sunny asked, what are prospects of Gujrat Ambuja is it right timw to buy at Rs 137 ? what target it has for 3 month prespective
PRANAV SANGHAVI answers, Yes I am still bullish on the stock. You could buy even with a 3 year outlook.
PSanghavi asked, could you please comment on Denso, Sesa Goa, Jindal Stainless, Kalindee Rail and Himadri Chemicals ?
PRANAV SANGHAVI answers, Sesa, Jindal are good stocks to hold on to. I don't follow the other stocks.
SUNILSHARMA asked, Hi ! I have buy hynd. industries @ Rs. 300.00. What is the future & Target ?
PRANAV SANGHAVI answers, I am not a technical analyst therfore will not be able to give you a price target.
Vinayak asked, How do u see Wockhardt and India Cement doing in the coming months?
PRANAV SANGHAVI answers, Both should perform well.
Aditya asked, Hello SIr Can I enter Nagarjuna constructions at current levels?
PRANAV SANGHAVI answers, You could, but I would wait for a correction.
ithika.arora asked, which share do u recommend having one year time horizon
PRANAV SANGHAVI answers, IDFC in the mid-cap and ITC in the large cap.
Vivek asked, Hello Sir, DO you think Infosys, at current valuation(2210) is fair? What would be the right time to exit?
PRANAV SANGHAVI answers, If you have a longer term outlook then you should not exit. But in the short term there could be a downfall in the correction.
PANKAJ asked,  I am holding 3850 put @ 75 should i exit or wait for my price ?
PRANAV SANGHAVI answers, It may take a while before the market corrects as the momentum is pretty strong.
SUNILSHARMA asked, I have buy Dhampur Sugar @ Rs. 125 for at least one year. What is your advise ?
PRANAV SANGHAVI answers, The sugar sector has performed well over the last couple of years. If they continue to do so then you should see a decent return.
Shivv asked, Where do you think the sensex is headed for in the near future?
PRANAV SANGHAVI answers, Post a correction 14,000 cannot be ruled out post March 2007 results.
Prashant asked, Hi Pranav, how are you doing
PRANAV SANGHAVI answers, Hi Prashant, I am fine thank you.
shiv9818011966 asked, hello
PRANAV SANGHAVI answers, Hello.
Nishikant asked, Hello Mr. Sanghavi., 1300 shares of Sona Koyo @ Rs. 68. should I hold or sell
PRANAV SANGHAVI answers, Hello Nishikant, the auto ancilliary sector should do well as the auto sector itself. Please hold.
Mangesh asked, Hi Pranav, will be grateful if you tell us what is the tax that one has to pay on penny stocks if you seel them after holding them for more than one year and less than one year. Thank you..
PRANAV SANGHAVI answers, The tax braket will be the same. It will not attract exemption to tax under the long term capital gains exemption.
rakesh asked, I bought 5000 shares of silverline tech at cost of rs 5.75 per share, Shall I hold the same or sell at current price rs 9.50
PRANAV SANGHAVI answers, I would book profit and switch immediately.
bipin asked, hi..i bought hindalco at 185..shall i hold sell or buy more on decline
PRANAV SANGHAVI answers, Yes you could.
sumeet asked, Hello Sir,what do you think about commodities market? Will stock market support commodity market.as the crude oil prices are also going down..plz suggest ?
PRANAV SANGHAVI answers, The volumes in commodities markets are rising rapidly and the commodity market is complementing the stock market not supporting it.
nantu asked, hi, what do you think of NALCO and L&T for a 1 yr horizon? I want to buy now ??
PRANAV SANGHAVI answers, L&T is an excellent buy even at current prices for a 1 year outlook. NALCO also is a good stock but it is a metal commodity stocks so you will have to constantly watch the metal prices in the LME.
Sanju asked, hi pranav how r u?
PRANAV SANGHAVI answers, Hi Sanju, I am fine thank you.
Sanjeev asked, Sir, Will there is any correction in short term?
PRANAV SANGHAVI answers, There should be one soon.
Hiten asked, Hi, I bought Cambridge Solutions @ 128, the price has shown a downward trend since and is currently @ 118, should i sell or hold?
PRANAV SANGHAVI answers, You could sell and switch to a frontline stock.
ami12 asked, I am holding 100 SHAHRE OF FLAT PRODUCTS . I BROUGHT AT RS 111. WHAT SHOULD I DO ?
PRANAV SANGHAVI answers, I would book a loss and switch a better quality stock.
Prashant asked, Pranav, let me tell you that I am almost a complete stranger to stock market. I would really like to understand and make my fundamentals strong enough to proceed. Would like your advice on this, any referral site, books that would help me.
PRANAV SANGHAVI answers, I answered a similar query earlier in this chat please refer.
uma asked, Hi Pranav How about ramco systems and india cements
PRANAV SANGHAVI answers, Hi Uma, Both should do well in the coming few months.
Neel asked, Hello Pranab, I have bought 100 Satyam Computer shares @ 424.00, can you advice whether to hold or sell for the short term.
PRANAV SANGHAVI answers, Hello Neel, you could hold them for a longer term.
pandeyvp asked, I have 1000 share of Moreppan Lab wich were purchased @11.25 should I hold or get away
PRANAV SANGHAVI answers, Switch to a frontline stock.
Aditya asked, Hi Pranab Can I enter Nagarjuna constructions at current levels? DO you see it to continue its growth?
PRANAV SANGHAVI answers, I answered a similar query on the same stock please refer.
jagjitsingh asked, HI Pranav, I want to purchase Mahindra & Mahindra at 825, is it a good buy
PRANAV SANGHAVI answers, Hi Jagjitsingh, if you are a long term player then yes. If not then wait for a correction to enter at lower levels. But M&M has good future prospects.
KSRao asked, With ADS in the offing, do we surrender Dr Reddy's Lab?
PRANAV SANGHAVI answers, You could as it will be placed at a premium and cover them in the cash market.
pravin asked, what is the medium term outlook for the sensex and arvind mills, lic housing finance,lok housing,hcc,uco bank.
PRANAV SANGHAVI answers, Medium term the markets looks to go up post a short correction. All stocks barring maybe Lok Housing which I don't follow should do well too.
dharma asked, Pranav, is it good to add Adlabs and also some undervalued stock like tube investments
PRANAV SANGHAVI answers, Yes you could buy in dips and corrections.
Usha asked, hello, I bought 200 infosys @ 1500 last year. Need money urgently...but would like to avoind cap gains tax...if I hold on till Dec 3rd, I can avoid tax...do you think I should wait till then? Infy is at a new high today. Should I forget about tax and sell them today?
PRANAV SANGHAVI answers, I would wait for the tax break as it will amount to a substantial loss. but to cover your risk of an upside you could sell in cash and cover in Futures if money is required very urgently.
ravilal asked, Hi Pranav Is it right idea to buy GTL Infra at the level of Rs 45 and its fate in next 6 months or so.
PRANAV SANGHAVI answers, I would rather buy a frontline stock or a better quality mid-cap stock.
TARUN asked, HOLDING BALARAMPURICHIN @113. cAN i HOLD IT OR SELL FOR LOSS
PRANAV SANGHAVI answers, I would hold it.
sidana asked, i have DCB at IPO price what is its prospects
PRANAV SANGHAVI answers, It is planning to raise further funds and looks to perform well in the future.
Biswanath asked, Sir, at this market level 13k+, should I start fresh investment to Mutual fund? If yes, please suggest me some good potential fund for investing through SIP?
PRANAV SANGHAVI answers, I would start once the correction begins and try and look for quality large cap diversified funds.
PRANAV SANGHAVI says, Well, it's time for me to leave. Hope to catch you all next week at the same time. Bye.