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'Don't foresee correction greater than 5%'

November 21, 2006 13:49 IST

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

kaushikjs asked, i have bought RNRL 500 for 24/- each. can hold 5 months. what return could i expect?
PRANAV SANGHAVI answers, You could get a 15 to 20% return.

DineshLulla asked, I am holding Balrampur Chini and I am looking at a target of 130.00 and my holding period is of 3 months. Can this be achieved?
PRANAV SANGHAVI answers, Sugar stocks are witnessing a downturn off late. They have witnessed substantial gains over the last couple of years. I would wait for some positive news.

big asked, Friends , I have been telling about Jai Corp. now buy jai corp. Hi Sir, I need your expert advise. I heard Jai Corp is investing in infrastructure and SEZ and is supported by Reliance. Anand Jain promoter has already raised Rs.10000 crores for SEZ's. Jai Corp stock price may scale upto Rs.10000/- in a matter of time. ie one year. As promoters has 90% stake in Jai Corp , they may delist and reissue shares at premium. Please give reply and your expert advise is required at this hour to make gains for future. Please reply. Thanks a lot. PRANAV SANGHAVI CHAT answers, With so many queries in one question, I would recommend you send me an email on the same.
PRANAV SANGHAVI answers, I do not follow Jai Corp so I will not be able to help you.

manu asked, are the stock markets reflection the true growth of the economy
PRANAV SANGHAVI answers, In some sorts yes. A robust economy growth reflects in a robust stock market.

deepu asked, what are the prospects of DIACABLE (BSE)? i had bought at 94.00
PRANAV SANGHAVI answers, I am not aware of the scrip, sorry.

tred asked, i have purchased 5000 shares of Spice island @ 16 Plz tell @ future prospect
PRANAV SANGHAVI answers, I would recommend to book loss and switch to a frontline stock.

pratish asked, much is the target price of bank of baroda and RNRL in a period of 3 months?
PRANAV SANGHAVI answers, I am not a technical analyst so cannot give you any price targets. But hold on to BOB it should give you a handsome return over the next 3 months. RNRL should give about 10 to 15% over that time frame.

jey asked, Hi, I have bought last year OrchidChem at 270 Rs and Ricauto at rs 97 Rs and the market is 13,500 still Orchid is around 215 and Ricauto at rs 63 .Shd I book losses now or wait ?
PRANAV SANGHAVI answers, You could wait. You should see your prices in the future.

manish asked, i have arvind mills @ 75 . What shall i do?I can hold it for 1-2 years.
PRANAV SANGHAVI answers, Hold on.

sunilnindra asked, I have 600 nos. of share of Silverline Technology. Please advise me hold it or sell it.
PRANAV SANGHAVI answers, Sell it and switch to a frontline tech stock. Look at Tech mahindra it has shot up over the last couple of months.

ranjit asked, What is the future for Bombay Burmah Trading Corp. Can we hold the stock. My entry level was near its 52 week high and now its trading at 50% dicount to my price. Pl suggest.
PRANAV SANGHAVI answers, You could hold on but I would rather switch.

Ziya asked, Hello, can I enter infoedge @ current level?
PRANAV SANGHAVI answers, Below 550 Info Edge looks good. They have a good story and if they meet their profit targets for FY07 and FY08 then one could see higher prices.

sanjay asked, Hi Pranav, could you please share your view on Teledata and sail
PRANAV SANGHAVI answers, Hi Sanjay, Sail you could hold on to. But switch Teledata to a more frontline stock.

sunil asked, I bought 29 wipro @566.00 should i hold it or sell it off
PRANAV SANGHAVI answers, Hold on surely.

mrinmoyrc asked, I want to know about ifci?
PRANAV SANGHAVI answers, A lot of open interest in the stock in the futures segment has reduced over the last few days. That could signal a downturn in prices.

abhi asked, Sir I have ABAN. It is going down. I have @1145/-. Should I wait what target you think it can achieve in how much time.
PRANAV SANGHAVI answers, Yes it should, you could hold on. It is a frontline stock in the Oil Drilling space.

mrinmoyrc asked, should i apply for the all ipo's in this condition?
PRANAV SANGHAVI answers, No, chose and pick the ones who you think have promise and are in the right sector. Also, who have a continued performance in the past and not sudden burst in profit a year before the IPO.

Ziya asked, HI, I am holding havells more six months still it is less than aquired price can i sell or hold pls give your valuable advice
PRANAV SANGHAVI answers, Hi, you could hold to Havell's. it is a quality mid cap stock.

SHIRISHV asked, Please advice me regarding the 1 yr prospect of Voltas. I have purchase @100 (200 shares).
PRANAV SANGHAVI answers, You could hold on even though it is a Re. 1 paid up share. You should see substantial returns over a 1 year period.

investor asked, Should I buy Deccan Aviation at current level ? & GMR INFRA prospectus for 3-6 months view?
PRANAV SANGHAVI answers, Look at Jet Air for a short term outlook in the aviation industry. GMR should do well over the next few years.

ranjit asked, what is the expectation for Reliance Comm from the current level of 412.00 will it sustain the upward movement for some more weeks to come?
PRANAV SANGHAVI answers, Yes it should continue its growth path. I am still bullish on the stock. At the time of the IPO of Reliance Info will the true value of the stock get unlocked.

mrinmoyrc asked, please give me the name of two best mutual fund (SIP) in which I should invest?
PRANAV SANGHAVI answers, You should ask you MF advisor for specific names. But chose Funds which are large cap and diversified for best results for SIP over a longer term.

sam asked, hi, i want to know short term target for india cements and mtnl
PRANAV SANGHAVI answers, I won't be able to give you price targets but India Cements looks good as do most cement stocks. MTNL also is a hold at current levels.

pcs asked, how is IDBI. What price u think it will go up to?
PRANAV SANGHAVI answers, You could hold on to IDBI for a year for about a 20 to 30% return from current levels.

abhi asked, what strategy you suggest for tisco.
PRANAV SANGHAVI answers, I would wait and watch as the Corus deal if it goes in TISCO's favor could add a lot of debt on to TISCO's balance sheet. BUt in the long term it should be beneficial for TISCO.

nitinpost asked, have u used neural network based tools for market analysis and if yes how effective they are?
PRANAV SANGHAVI answers, No I have not used the same but I have seen and studied charting using Fibonacchi principles and other methods of technical analysis. But as I've said earlier I am not a technical analyst, I rely more on fundamental study.

PRANAV SANGHAVI answers, I am bullish on the stock and you could surely hold on with a longer term outlook.

sunil asked, hi pranav,what shd i do with SAIL which i have purchased for Rs.93.00.i got 300 shares of it
PRANAV SANGHAVI answers, Hold on if you've bought with a longer term outlook.

mrinmoyrc asked, what is the best buy price of UNITECH?
PRANAV SANGHAVI answers, Unitech has a tendency to move upwards in cicuits so I would buy on days of correction.

PRANAV SANGHAVI answers, Stock to the frontline tech, cement and banking stocks for a 1 to 2 year outlook.

mubsy asked, How about holding Jubilant organsys and RNRL for long term say 2yrs?

have not studied Jubliant Organics but from what little I know you could hold on to the stock.

drshetti asked, HELLO PRANAV how will be market by march ?? your guess 9000 or 16000???
PRANAV SANGHAVI answers, Hello Drshetti, I think barring a few timely corrections markets should rise steadily. Going back to 9000 levels looks difficult.

pragnesh asked, please advice regarding Ranbaxy as I have # 1k.
PRANAV SANGHAVI answers, Although, Ranbaxy has a strong balance sheet the price movements are very news based. With a long term outlook you could hold on.

Gopal asked, Should I buy equity at this level or should Iwait for correction to happen? I want to buy RCom, ITC & Bharat Forge.
PRANAV SANGHAVI answers, Buy on every dip like yesterday we were 200 points down at one time. That would've been a good time to buy. All the 3 stocks you have mentioned are quality stocks and could be bought on days of corrections with a long term outlook.

Ujjwal asked, Hello Pranav, I want to know about SUGAR sector, especially Bajaj Hindustan, Balrampur Chini and Dhampur Sugar for the next 6 months to 1 year.
PRANAV SANGHAVI answers, Hello Ujjwal, I think over the next few months they may not perform unless the companies are allowed to export surplus quantities. If the ban is lifted then the companies will perform much better.

DS asked, should I continue with Atlanta for 1-2 months whereas my purchase price is 550/-.
PRANAV SANGHAVI answers, I am sorry, I don't follow that stock, so I won't be able to help you.

Ujjwal asked, What is your call on Visual Software and Uttam Galva Steel?
PRANAV SANGHAVI answers, Switch to frontline stocks.

PRANAV SANGHAVI answers, As I just mentioned if the Government lifts the ban on sugar exports they should perform well.

basu asked, Which Software stocks u recommend to buy for 3-6 months duration?
PRANAV SANGHAVI answers, TCS, Wipro, Tech Mahindra, INFY are some you could look at.

mahantasp asked,  I have 80 shares of Taj Gvk Hotel. It touched Rs 300/then came down to 200.It is now Rs 220 shall I Hold or Sell? What is the Prospect of GE Shipping?
PRANAV SANGHAVI answers, You could hold on to Taj GVK. GE Shipping also should perform well over the next few quarters.

murali asked, what is next traget for nifty
PRANAV SANGHAVI answers, HI good morning Murali, I am not a technical analyst so I won't be able to help you with targets. But you could easily see 20 to 30% gain over a one year term.

Gaurav asked, Hi, I had bought 100 shares @205 /- of HINDALCO. What is the prosepctive in 2-3 months
PRANAV SANGHAVI answers, Even the metal stocks are volatile and depend on the LME price movements, I still think HIndalco will perform well over the next few quarters.

venkat asked, i bought 30 shares of satyam computers @ 420/-, what the prospects, if I hold on to them
PRANAV SANGHAVI answers, You could hold on surely. It should perform as per the guidelines given by the management.

PRANAV SANGHAVI answers, Hold on.

PRANAV SANGHAVI answers, I would not be in a hurry to sell Tech Mahindra even if you got them in the IPO. They have given a fantastic set of numbers and look to continue doing the same. Hold on.

stockbeast asked, Hi pranav I thought our market was going for a correction yesterday but managed to recover back.. How much low it can go for any corrections?
PRANAV SANGHAVI answers, I don't foresee a correction of greater that 5% in the near future with all news remaining constant. But corrections would signal a buy with a longer term outlook.

Beryl asked, hi, i have sail bought @Rs93.00(300 share) and wipro @963.00(29 shares) what shd i do , hold or sell it off?
PRANAV SANGHAVI answers, Wipro must be cum bonus price. I would hold on to both.

neha asked, hello sir , good afternoon i had bought 100 shares of maxwell@Rs 40/- should i hold it.
PRANAV SANGHAVI answers, Hello Neha, good afternoon. I would hold on. But watch the quarterly results and price movements carefully. You could switch to a frontline stock.

lodha asked, market is going up and up. How long it will sustain.
PRANAV SANGHAVI answers, If most things remain constant we could see another 3 to 4 years of a bull run with corrections.

PRANAV SANGHAVI answers, You could complain about them to the concerned department at SEBI and also to the Investor Services Cell in the Bombay Stock Exchange.

ranjanam asked, good morning sir, I have 50 share of satyamcomp should I hold or sell it.give me about market information for short term .
PRANAV SANGHAVI answers, Hold.

Kumar asked, In the current scenario is it better to stick to MFs or directly enter the market?
PRANAV SANGHAVI answers, If you have time to devote to the market then go ahead and invest. If you do not, then go with mutual funds.

raja22 asked, sir, balmer lawrie invest ments owns 61% in balmer lawrie. thismakes it approx RS 200/ share of BLIL. dont u think its a value buy.
PRANAV SANGHAVI answers, Yes it definately has intrinsic value.

Rajeshwari asked, Sir, What would be your suggestion for Reliance Petroleum (RPL) shares? Should we continue to hold it with a 2-3 year time frame in mind?
PRANAV SANGHAVI answers, You should see returns after 2010 when the commercial production goes on stream.

lodha asked, Yr views on Upper Ganges and other Front line stock in Sugar Sector
PRANAV SANGHAVI answers, Sugar sectors immediate outcome depends on the goverments decision to lift ban on exports or not.

abe asked, Hi Pranav........Are you from Matunga next to Agrawal Nagar
PRANAV SANGHAVI answers, Hi Abe, No.

inm asked, i have arvnd mills @ 75. I can hold for 1-2 years.What shall i do??
PRANAV SANGHAVI answers, I already answered the same query by another chatter. You could hold on.

sprasad asked, What is your opinion on Guj Siddhee Cement?
PRANAV SANGHAVI answers, You could hold on. I think the cement sector could outperform the Index.

rajni asked, i have hoteleela 5000 @ Rs.70 on an how much time will i get return?
PRANAV SANGHAVI answers, You could hold on to Hotel Leela. There are talks of expansion plans etc. You could hold on for another 3 to 6 months to see profits.

drshetti asked, PRANAV whats u r opinion about TECH MAHINDRA
PRANAV SANGHAVI answers, I am bullish on the stock and very impressed by the quarterly numbers. If they continue the trend it will soon become a blue chip stock.

HEMAL75 asked, i have TCS @ 1095 should i hod or sell?
PRANAV SANGHAVI answers, I would surely hold on. It is a frontline tech stock and should give steady performance and returns.

PRANAV SANGHAVI says, Well, it has been great chatting with you guys, but it's time for me to leave. Hope to see you guys next week same time. Bye.

 Chat with expert Pranav Sanghavi!