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Rediff.com  » Business » 'Market growth does look intact'

'Market growth does look intact'

December 05, 2006 13:52 IST
PRANAV SANGHAVI says, Good afternoon everyone and welcome to the chat. Let's begin.

pramod asked, may i know ur profile a bit to caht properly
PRANAV SANGHAVI answers, Hi Pramod, I have been active in the indian stock markets for the past 15 years since 1991 and am a broker on the leading exchanges of India.
PARTHA asked, SIR, WHAT ABOUT LML? WILL IT BOUNCE BACK FROM CURRENT LEVEL?
PRANAV SANGHAVI answers, The company is trying to restructure itself, we will have to wait and watch for the results.
kurapatti asked, Dear Sir, Which script u reccommend for short term investment i.e. for one month. Investment capacity - 50000/-INR
PRANAV SANGHAVI answers, I would not invest at this juncture with a 1 month outlook as I foresee a correction sometime this month.
sumu asked, Is Suzlon a good buy at current levels?
PRANAV SANGHAVI answers, With a long term outlook yes it is.
shyam asked, tell me the future of J.P.HYDRO
PRANAV SANGHAVI answers, It is in the power business and they do have expansion plans on hand. I think in the long term it should do well if their projects come through.
mads asked, Hi Mr.Sanghvi, Myself has got some shares allotted in parsvanath.Is it correct to buy some more shares in secondary market at the CMP.Can u please tell me what is the target price for parsvnath and the time frame
PRANAV SANGHAVI answers, Hi Mads, you could accumalate shares of Parsvanath on every dip with a 1 to 2 year outlook.
hh asked, Tell me five best stocks to look up to for next year
PRANAV SANGHAVI answers, I like ITC, SBI, Wipro, TCS, L&T, Ultra Tech, Cent Tex, Guj Amb, BHarti, RIL and a few more.
mads asked, Hi Mr.Sanghavi, I bought 30 shares of andhra bank at around rs.95.For short term, Should I sell it or should I hold it?
PRANAV SANGHAVI answers, Hi Mads, hold on.
chitra asked, i have 50 shares od Dena bank.Do you think its good for long term investment?
PRANAV SANGHAVI answers, Yes it is. It is a good midcap bank. They have cleared a lot of their NPA issues.
Arindam asked, Sir, how are you? I have one dilemma. My LIC Premium covers Rs. 1 lakh for tax deduction under 80C. I don't wish to stop LIC premium. Since the return of ELSS scheme is much higher, can I invest to that scheme although I won't get any tax deduction on that investment.
PRANAV SANGHAVI answers, Hi Arindam, I am fin thank you, and yourself? Yes you can.
chitra asked, I am also planning to invest in Man Industries and NIIT Tech for long term purposes.What is you take on it?
PRANAV SANGHAVI answers, I would look at quality frontline stocks in the same segments. Although, the stocks you have mentioned are good mid cap stocks.
santimoy asked, i have purchase 50 share of Bajaj Hind @ 298 tell me the what i do now
PRANAV SANGHAVI answers, You could hold on and wait for the out come on the Governments decision on lifting the sugar export ban.
Sam asked, I believe, the upsurge in market is due to vast base of investers who have come up due to trading made convenient to be operated from your home and once it will start falling, panic selling from this vast clientale will again bring it to level of 7-8 thousand. Do you agree???
PRANAV SANGHAVI answers, I do not agree. The fundamental story going for India is way too strong and the market is shifting towards becoming a market of stronger and larger players like FII's and Mutual Funds, that is why I keep recommending to to invest through them also. I strongly feel the market would not touch the 7000 levels again.
Srinivas asked, Hi Pranav, I have 200 shares RNRL@18/-, 1000 shares of IFCI@8/- and 100 shares of syndicate bank@50/-. Please can you suggest to hold or sell these shares?
PRANAV SANGHAVI answers, Book profits and look at other opportunities. If there is a correction these stocks will be hit hard.
Pila asked, What is the outlook for Zicom Security.
PRANAV SANGHAVI answers, I think it holds promise in the future.
pallavi asked, I have many shares of Gujarat Alkali @ 160 and GHCL @ 185......both are stuck ...should I hold them or sell and buy other stocks
PRANAV SANGHAVI answers, Both are fundamentally good stocks. I think you could hold on.
abhi asked, I am a first time equity investor. Please suggest some frontline stocks for long term say 2/3 yrs
PRANAV SANGHAVI answers, Wipro, Infosys, TCS, L&T, SBI, ICICI Bnk, Ultratech, IDFC are among a few you could look at.
hh asked, Do you think HSBC MFs will do well in 2007?
PRANAV SANGHAVI answers, They could.
Kannan asked, Hi, I have 50 shares of Cipla @258.66, 100 MTNL @ 145.00, for the last 6 months. Shall I hold them or sell?
PRANAV SANGHAVI answers, You could hold them.
chitra asked, do you think nagarjun fert is good for swing trading?
PRANAV SANGHAVI answers, I would rather look at a growth stock.
Good asked, 1) Pls suggest any stock to buy now 2) pls suggest, Is this the time to sell/hold NTPC.
PRANAV SANGHAVI answers, Yes hold on to NTPC.
aarpi asked, Hi, I am interested to get into some stocks with very good growth prospects (may double their earnings this fiscal) but they are trading at high P/E (between 100 to 160). Pls advice me
PRANAV SANGHAVI answers, A P/E of 100 is extremely high. I would book profits and look at other opportunities.
AARORA asked, I BOUGHT 15 NOS RELIANCE iND @ 840. SHOULD I SELL IT AND BOOK A PROFIT OF AROUND 50%?
PRANAV SANGHAVI answers, You could hold on if you have an outlook of over 1 to 2 years. In the short term you may see a market wide correction and RIL being a Index heavy weight could move south.
ksgabri asked, Kotak securities offered me a trading commission of .18% and same thing was mentioned on my form where I signed. When I got my first statement I was stunned to learn that they had charged @0.45%. I'm chasing them from last 14 days to reverse the entries but nobody is listening. Can we do something about it.
PRANAV SANGHAVI answers, If you do have a photocopy of the form which said 0.18% commission then I would suggest you wirte to the company's board first with your greviance. You should get a satisfactory reply. If not SEBI is also an option.
magnumravi asked, hello mr sanghavi is this the right time for a fresher to enter the market.....do u hope that this bull run will continue till the budget
PRANAV SANGHAVI answers, Hello Magnumravi, when market is around 14,000 even the older players are extremely cautious. So you would need to be double sure before getting into a stock. I think our market is in a secular bull run period which should last for atleast 3 to 5 years. But timely corrections are a part of the game.
chatali asked, Good Afternoon. How are you? I have been waiting for investment to large cap Mutual Fund but still Bull Run is on. Could you suggest me what to do now? Should I wait for next 2-3 months?
PRANAV SANGHAVI answers, You could wait for a month or so and invest at the time of correction.
Good asked, Pls suggest any stocks to buy at this moment?
PRANAV SANGHAVI answers, I have suggested a few in my earlier replies in this chat.
rakesh asked, The present PE for the market is above 22, historically we have been around 17. Does it not mean that correction to 11000 levels is inevitable?
PRANAV SANGHAVI answers, Historically we have always been used to P/E ratios of 10 to 12 not 17. It is only over the last year and a half that our market has accepted levels of 15 and above. We are not at 22 levels yet but getting there fast. A correction should be in the offing.
makemoney asked, i have shares of unitech @ 500 each. Should i hold this stock ?
PRANAV SANGHAVI answers, Hold on.
KRISHNA asked, I HAVE STOCKS OF RANSUG, BALCHI & ASHLEY. THEY ARE RUNNING AT LOW. SHOULD I HOLD THEM OR WAIT. WILL THEY RECOVER.
PRANAV SANGHAVI answers, I am sorry, I do not follow that stock. So will not be able to help you.
amit asked, Hi, What PE/EPS should one prefer when investing. What is the importance of PE ratio
PRANAV SANGHAVI answers, Any frontline scrip which is trading at a P/E ratio lesser than the Index P/E then it could be worth investing. P/E ratio is one of the fundamental criteria in valuing a scrip. The lower the better.
binu asked, how much do you think will the indexes go to after the correction due in next year??
PRANAV SANGHAVI answers, If the companies keep performing the way they have been a 20 to 30% growth in the Index cannot be ruled out.
chatali asked, It's my fervent belief that I should buy mutual fund as I have no time to spare on it and also don't have an ounce of knowledge on stock dealing. Am I right or should I buy stock following this chat room?
PRANAV SANGHAVI answers, You should invest through Mutual Funds. But you will need to study the funds and the fund manager. They are crucial before investing into MF's. Do not go on advice received from anyone. Always do your homework, however sure the tip off may be.
chitra asked, there was a sudden interest in sugar sector yesterday.do you think the trend will continue?or its just a temporary phase?will it be profitable to go short on stocks like balrampur chin and bajaj hindustan?
PRANAV SANGHAVI answers, As I had mentioned earlier if the ban is lifted on sugar companies for exports then they should see some interest from market players. I would not advice going short on the stocks as they have been strong performers over the past and should continue to do so.
Anil Grover asked, Pranav what do you think about Textile Sector, most of the stocks in this area are down, Arvind mills the big name is down...do u see any upsurge?
PRANAV SANGHAVI answers, I have liked Century textiles for a while. I think you should see better performance from the textile sector in the future.
Raghu asked, I have 500 Shares of Sterling Biotech @Rs130,What is prospect?Should i hold the stock or dispose it ?
PRANAV SANGHAVI answers, Book profit and swithc to another growth stock.
i asked, what is your opnion about MRF and birla corporation for 3 to 6 months view.
PRANAV SANGHAVI answers, MRF is an extremely strong company fundamentally. Birla corporation also should do well in the future.
ME asked,  UR PROSPECTS ON GE SHIPPIG AFTER THE DEMERGER ! FAIR VALUE AND MARKET VALUE !
PRANAV SANGHAVI answers, I think the stock should do well as there seems to be no downturn in the freight rates. The other arm also should do well.
Anil Grover asked, Pranav you seem to see a correction, how much %centage it will be currently cement, IT and telecom, construction stocks look ok, do u think these will also go down on correction?
PRANAV SANGHAVI answers, All the Index stocks have to go down in a correction. Other stocks may go even more as in the May correction the midcaps were badly hit. But I would not rule out a 5 to 7% correction.
AB asked, Hi How is Infotech Enterprises at presnt rate of 325. Is it good arte to buy.
PRANAV SANGHAVI answers, A lot of hype has been created around the stock. I would wiat and see its next few quarter results.
chitra asked, what do you think about bombay dyeing ?
PRANAV SANGHAVI answers, I think it is a good buy or hold. They have big plans on real estate development which would yeild substantial returns for the company.
rajan asked, Attn: Mr Sanghvi Could you let me know future of Rohit Ferro, as I am holding some shares. Thanks/Rajan
PRANAV SANGHAVI answers, I am sorry, I do not follow the stock.
Ganesh asked, Hi Sanghavi, i m planning to buy Kenz Energy which gonna open soon do you think that it ll be benefit to me?
PRANAV SANGHAVI answers, Do you mean Cairns Energy? I think it looks like a good stock to invest into. Going by the returns investors have made over the last few IPO's it makes sense.
bankim asked, any good low price script to invest in for long term
PRANAV SANGHAVI answers, Look at IDFC.
abey asked, Shall we go for Cairn Energy or buy parsvnath at this level?
PRANAV SANGHAVI answers, One you are applying for an IPO and one is already listed. Both look good to me.
lalitarora asked, sir,what is your opinion on some technical reports about sensex touching 40000 in future.is there seriously india growth story.
PRANAV SANGHAVI answers, I don't know about the Index level that you are mentioning but the growth story does look intact as of now for India.
Mahender asked, I bought 100 sahres in centurion bank, and 2 shares of sascom ,whether i need to sell these or hold it, also please tell me , I want to invest 10000, which i need to buy
PRANAV SANGHAVI answers, You look at a better quality bank.
Vivek asked, Sir what is ur opinion on GAIL ? Is it a long term bet
PRANAV SANGHAVI answers, I think it is a good bet with a long term outlook. They also have good assets like pipelines etc which should yeild benefits in the future.
mnm asked, everybody is suggesting to exit arvind mills.i have time horizon of 1 yr purchased @ 76 will it give ne profit in this time
PRANAV SANGHAVI answers, You should make a profit over that time frame.
Vijay asked, Shall i purchase SBI mutual fund ? would it gives gud return ?
PRANAV SANGHAVI answers, Which one. I would need to study the fund offer document and it's investment portfolio before I recommend.
SGK asked, Hi Pranav, I thinking to invest in SIP abouit Rs.5000/- per month. Please suggest me some good funds
PRANAV SANGHAVI answers, Hi SGK, I would request you to take advice form a MF advisor but look at large cap diversified funds and you should be safer.
joshy asked, Mr Sanghvi What about future of Malwa Cotton & Swan Mills. Please let me know your comments. Thanks/Joshy
PRANAV SANGHAVI answers, I think you should hold on to both. There is a story breqing in both those stocks.
Dinyar asked, Hi Pranav is it true that no one can profit from Daily trading futures? Share Trading is like building a castle of cards one floor at a time but when it falls it destroys the whole castle. How far is techical analysis safe?
PRANAV SANGHAVI answers, It is not completely true but you need to be highly qualified trader to make money by trading daily. Also you must have atleast 4 to 5 wqualities required for a seasoned trader like being strict with stop losses etc. I am not a technical analyst so I cannot comment how safe it is, but I believe if the company is fundamentally strong then you can't go wrong.
Anil Grover asked, Pranav, I am never sure when to exit a stock, analysts always recomment what to buy and what to hold..but very few analyst tell what and when to exit.in the big stocks can you recommend what can be exitted...
PRANAV SANGHAVI answers, If you feel the stock has run up and you have met your profit target you should exit.
chitra asked, how useful is candlestick charting in trading?
PRANAV SANGHAVI answers, It is just one of the methods of studying stock price and volume data. There are lots of such techinical methods like going by the 15,50 or 100 day price moving average, Fibonacchi principles and more.
Vijay asked, what is current NAV for SBI mutual fund ?
PRANAV SANGHAVI answers, SBI has various funds on offer. You would need to be specific. And most dailies like the Eco Times or Business Standard will have the rates.
PRANAV SANGHAVI says, Well it is time for me to leave, hope to see you all next week. Bye for now.


Take part in special year-end market chat with Pranav!