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Rediff.com  » Business » 'Corrections part of the game'

'Corrections part of the game'

January 17, 2007 13:07 IST
PRANAV SANGHAVI says, Good afternoon everyone. Welcome to the chat. Let's begin.

Anish asked, hi i'm new in share market i would like to know whats does oreder term day / IOC means
PRANAV SANGHAVI answers, IOC stand for Indian Oil Corporation.
i asked, I want to know the future of GMR INFRA,SAIL,Ranbaxy Labs,Parsvnath developers for next 6 months.Is it right time to buy them at current levels
PRANAV SANGHAVI answers, I think both the realty stocks should do well provided they deliver on the projections they have made and the demand in the real estate market does not drop. SAIL, and Ranbaxy both should give you decent returns.
i asked, Is it right time to buy mrf,goodyear for the time frame of 1 year
PRANAV SANGHAVI answers, MRF you could surely look at. For Goodyear wait for the quarterly results and compare it with the previous quarters and then take a decision.
sankar asked, s it worth buying techmahindra and infy now?
PRANAV SANGHAVI answers, They both have spurted after the Infy results so the best time to get in would be in a correction. Nonetheless, if you are a long term investor you could look at investing in them. Tech Mahindra for eg. had bagged a US$ 1 billion to be delivered over a period of 5 years.
sankar asked, what r the best buys now?
PRANAV SANGHAVI answers, I would pick stocks whose results should be good but have not moved along with the market over the last month. Stocks like ITC, SBI etc.
sankar asked, how todo technical analysis of a company?
PRANAV SANGHAVI answers, You would need to get a Chart Software. The software will give you various methods of analysing stock price movements. There are various vendors of such softwares.
kaps asked, hello Pranav,What does it mean "Last Close - 090.70 | Support - 082, 066 | Resistance - 100, 121
PRANAV SANGHAVI answers, Hello Kaps, Last close indicates closing price of the stock the previous day. Support indicates as to what levels the stock would get support from the market if it falls and resistance indicates at what price there would be selling which would prevent the price from moving further up. This is basically a stock analysts statement.
kaps asked, Any of the new ipos going that you suggest to buy???
PRANAV SANGHAVI answers, There are a couple of good IPO's in the offing. If you are interested in the Real Estate play then Akruti Nirman is round the corner.
kaps asked, Any of the new ipos going that you suggest to buy???
PRANAV SANGHAVI answers, There are a couple of good IPO's in the offing. If you are interested in the Real Estate play then Akruti Nirman is round the corner.
rohit asked, I have 1000 batliboi, Should I hold them for further up or book the profit at the current level
PRANAV SANGHAVI answers, You could book profit and look at a midcap growth stock.
kaps asked, Is buying Reliance Natural resourses a good option???
PRANAV SANGHAVI answers, As compared to what? BUt if you are a long term player then you could look at the same.
rohit asked, I have also bought 400 BASF at Rs.256.00. Is there a scope for this scrip in coming 2 months
PRANAV SANGHAVI answers, I don't know specifically in the next 2 months but it could be a good performer over the next year or so.
pras asked, Hai Pranav ,I am holding RIL and there is some news flowing around regarding stock split.Is it true
PRANAV SANGHAVI answers, Hi Pras, I have not heard of any such news.
pras asked, Hai Pranav ,I am holding RIL and there is some news flowing around regarding stock split.Is it true
PRANAV SANGHAVI answers, Hi Pras, I have not heard of any such news.
pras asked, Hai pranav what is the future of reddy labs
PRANAV SANGHAVI answers, I think it is a good play in the pharma sector. It does have some FDA approvals in the pipeline.
santosh kumar asked, hi pranav, i would like to know that which factors should we consider while deciding the target price of any stocks?
PRANAV SANGHAVI answers, There are various factors. It would be difficult to list all of them. But first look at the whole sector and its current and future prospects. THen look at the balance sheet and the last few quarters of its performance. And the price as compared to it's earnings. And so many other factors.
hema asked, sir, whether it is advisable to sell kernex bought at 320 last yr which is hovering around 180 now.
PRANAV SANGHAVI answers, Sorry, I do not follow that stock so will not be able to advise you.
harsh asked, i am holding asahi glass bought at rs95 since 1 year. can i shift the share to ntpc.pl let me know.
PRANAV SANGHAVI answers, NTPC is a long term play so you could look at the stock. Asahi also has decent prospects with the recent boom in infrastructure and commercial development. So you will essentially be switching a whole sector.
talktome asked, hi pranav is it the right time to invest in midcap stocks?if yes then which mid cap companies you rate as highest returning investments?
PRANAV SANGHAVI answers, Hi Talktome, Yes since the large caps have already run up you could look at quality mid cap stocks like Mid-day, IDFC, Guj Amb Cem, Praj etc.
bhanu asked, can u please comment on Areva technologies. Will it go past 1100?
PRANAV SANGHAVI answers, If it keeps up the performace then it could. It already has touched Rs. 1000 mark.
sanjeev asked, Hi I have 200 shres of NaGARJUNA CONSTRUCTION @ 201,just wanted to know what is the near future price of Ngr Const,say for a month or 2.
PRANAV SANGHAVI answers, I am not a technical analyst so will not be able to give you a price target. But the stock should perform well over the next quarter.
bhanu asked, At what price shd i enter M & M for medium term?
PRANAV SANGHAVI answers, M7M already has run up substantially. I would now get in at a dip or correction.
bhanu asked, What shd i keep stop loss for Bannari Amman. I hold 100 shares.i can hold for next 4 months
PRANAV SANGHAVI answers, even though the sugar ban has been lifted the sugar stocks may not immediately run up. You could hold for a while.
bhanu asked, Lakshmi Machines moved at a very fast pace before stock split. What is the reason for not moving after that. I noticed the same movement for all stock splits. Siemens etc.
PRANAV SANGHAVI answers, Basically the number of shares floating in the market increases substantially so initially there is some selling but eventually if the company is a good performer then it will move up.
Pradeep asked, Hi, what is the future of Amar Remedies (Buy at 100, now 58), Petronet LNG (Buy at 63, now 54) and Infosys
PRANAV SANGHAVI answers, Amar I don't follow. Petronet and INfy you could surely hold on.
jk asked, I have 50 share of R systems @219 from last 1 month. Do u think that stock will able to give me some kind of return in next one or two months?
PRANAV SANGHAVI answers, Most of the quality software midcap stocks have started moving. You could see some return.
bhanu asked, Zandu Pharma announce bonus as 1: 3 and record date is 20 jan. At what price do u think i can buy this script to avail bonus?
PRANAV SANGHAVI answers, You could buy it today on BSE as the price is still cum bonus.
Srikanth asked, can you tell me what is the future of Maharaja Shree Umai mills? Also Wipro i bought 100 shares @ 535 and now i am getting nearly 20% return. shall i get out frm this stock or shall i hold?
PRANAV SANGHAVI answers, I dont follow that first stock. Wipro is surely a hold.
Srikanth asked, venkys india what is the future of this company?
PRANAV SANGHAVI answers, There was an article in the paper about them recently. I think they have decent expansion plans. You could hold on.
Pradeep asked, which stocks I should buy....tell me about 5 top shares in Large caps and Mid cap.......thanks
PRANAV SANGHAVI answers, I have mentioned quite a few names in my previous two chats, I would request you to refer.
kaku asked, good morning pranav. plz tell me about vishal export and zee news i am holding 2000 visexp and 500 zeenews
PRANAV SANGHAVI answers, Good morning Kaku, you could hold on to both.
Pradeep asked, future of RPL, Gujarat Ambuja Cement and GVK Power ?
PRANAV SANGHAVI answers, RPL will see major returns only after 2010 once the commercial production begins. Guj Amb Cem is a good buy even at current levels. GVK power also have expansion plans and could be looked at.
shipra asked, hello pranav, i want to invest Rs. 65,000 currently and around Rs. 45,000 by the end of March. Someone suggested to invest the money in Infosys, as he belives that my invested amount shall be doubled in a years time i.e. by next Jan. I would like to know your opinion and also is it adviceable to invest now or wait for the sensex to come down somewhere between 12,000-12,500 points.
PRANAV SANGHAVI answers, You could wait for a dip to invest in the frontline stocks. INFY should get you a decent return over a years time. You could surely look at it.
sanjeev asked, Hi,WHAT IS THE MINIMUM DAYS OR MONTH IS REQUIRED TO HOLD ANY SHARE AND GET BONUS SHARE OF ANY COMPANY.
PRANAV SANGHAVI answers, There is not minimum number of days or months. All you have to do is hold the shares in your demat account till the record date set by the company for closing its registers for recording the shareholders eligible for bonus.
psr asked, Hi, What is your view on HCL Tech share
PRANAV SANGHAVI answers, The company has given its guidelines and if they deliver the stock should do well.
Nitin asked, RIL is on verge of stock split. Is it true?
PRANAV SANGHAVI answers, I have no news on a RIL stock split.
bagalkot asked, Please let me know future of RPL i can wait for 5 yrs...
PRANAV SANGHAVI answers, If you do indeed wait for 5 years you should see decent returns on your investment. Once the commercial production begins it should do well.
santi_dgp asked, i m purchase 50 bujajhind Eq @298 now rate is 198 what i do?
PRANAV SANGHAVI answers, You could hold on to Bajaj Hind which is a frontline sugar stock along with Balrampur.
Nitin asked, Hi, what is the future of SIEMENS AND SUZLON ENERGY?
PRANAV SANGHAVI answers, Good afternoon Nitin, Both are good holds. Siemens should perform exceedingly well over the next few years.
Deepaksinha asked, I have 50 shares of Garnet Construction at Rs. 73.50. Present price is Rs. 95/-. Can I hold it or sell it?
PRANAV SANGHAVI answers, I don't follow that stock but you could book some profits and switch to a frontline construction stock.
dinesh asked, how is IVRCL Share
PRANAV SANGHAVI answers, It is a good buy.
rajat8676 asked, Hi, are ICICI Bank and Siemens good shares to buy?
PRANAV SANGHAVI answers, Yes both have good prospects for the future and both have been good performers too.
NARIMAN asked, YOUR CALL ON OMAX AUTO,ASHAPURA MINCHEM AND ASTRA MICROWAVE ?
PRANAV SANGHAVI answers, Omax should be held on. I don't follow both the other stocks.
rajesh asked, what is your suggestion about Cairns ? Should one hold on the shares who got allotment in IPO?
PRANAV SANGHAVI answers, You could look at the next two quarterly results. If the company performs on the guidelines given then you could hold on.
pras2 asked, whats is future hindustan constructions,nagrajnuna cons,ivrcl
PRANAV SANGHAVI answers, I think all should do well. HCC is planning an ambitious township close to Pune. Nagarjuna also have some major development plans and so does IVRCL.
rakeshjee asked, sir, in earlier sssion you tell me crain stock is good but it will open below 160 is there chsnce to go up
PRANAV SANGHAVI answers, You will have to wait and watch its next few quarters performance.
rajesh asked, What is your suggestion about Balaji Amies? I have purchased the same at Rs 373? Should I hold on ?
PRANAV SANGHAVI answers, Yes you could hold on.
ajay_arya asked, Hi Pranav! I purchased Essel propack at 82. What is future for t Essel propack.
PRANAV SANGHAVI answers, You could hold on. It has A grade clients and decent order base.
rakeshjee asked, sir i bid crain for 190 but price fix at 160 shoud i get difference of re 30 back
PRANAV SANGHAVI answers, If you paid the full amount of Rs. 190 yes you should.
rajashekar reddy asked, i want to buy tech mahendra, what is u r advice
PRANAV SANGHAVI answers, I think it is a blue chip in the making. I've been recommending the stock from september last.
skumar asked, Hi pranav, Is it worth buying reliance communications at CMP for holding it for an year ? on an average what is the expected return for one year ?
PRANAV SANGHAVI answers, HI Skumar, yes I think RILCom is worth looking at with a 1 year outlook. You could see a return over around 20% to 30%.
srinidhi asked, I am interested in investing in Infosys and Wipro shares shall I invest know or latter
PRANAV SANGHAVI answers, Both are frontline tech stocks and I think they shall continue to perform as they have in the past.
amar asked, hi,I have 70@600 shares of Tata Power,Is it good to hold the share for long term.And when to exit it.
PRANAV SANGHAVI answers, Yes it is a strong player in the power sector. You could surely hold on.
rajesh asked, What is your opinion about DLF IPO? Should one apply for the same or should one wait and pick it up after the listing ?
PRANAV SANGHAVI answers, You have to see the valuations. The should be justifiable and should allow for price appreciation.
vicky asked, is glenmark at 600 a good buy?
PRANAV SANGHAVI answers, You could look at it. But I would buy on a dip or correction.
mukesh asked, Pranav sir, is there a different tax slab for profit on selling penny stocks? What is the tax I will pay on penny stocks if i sell them before one year and after one year? thanks you sir
PRANAV SANGHAVI answers, The tax slab on penny stocks is the same whether you sell after 1 year or before 1 year. Penny stocks do not get the exemption that frontline stocks get, that is waiver of Long Term Capital gains.
snagpal819 asked, CMC Ltd has gone from 760 to 1200 in 3 days ...is there any news of the company driving it...what is the high level you expect it to rise..is it right time to enter in that stock?
PRANAV SANGHAVI answers, I think on the back of good results of the software companies and underperformace of the stock it has moved up. But there could be some news due to which it has moved up so rapidly.
stockbeast asked, Hey pranav Nice to be back here again.Just a clarification about the forecast of year 2007.Based on one of the reviews from Stock Experts in rediff, 4 out of 5 analysts mentioned there might be a sharp correction as like May 2006. Whats your forecast for this year ?
PRANAV SANGHAVI answers, I think corrections are a part and parcel of the game but if the companies keep performing as they have over the last 2 years I don't see why the markets should not move up. For me every major correction would be an opportunity to buy.
stockbeast asked, Hey pranav Nice to be back here again.Just a clarification about the forecast of year 2007.Based on one of the reviews from Stock Experts in rediff, 4 out of 5 analysts mentioned there might be a sharp correction as like May 2006. Whats your forecast for this year ?
PRANAV SANGHAVI answers, I think corrections are a part and parcel of the game but if the companies keep performing as they have over the last 2 years I don't see why the markets should not move up. For me every major correction would be an opportunity to buy.
Partha asked, what is the story of demerger between RCOM and Reliance InfoCom.
PRANAV SANGHAVI answers, They will be merging soon not demerging. For every stock on RCom Ventures you will be given a share of RIL INfocom.
D milind asked, I want to begin buying shares. what advice would you give to beginers. From where can we begin, which stcks?
PRANAV SANGHAVI answers, I think first you should take on training courses offered by the BSE and NSE training institutes. Then seek advice from any broker that you register with.
stockbeast asked, Yeah one more question.Regarding Dr.Reddy lab stock shares, at one stage it was more than Rs.1500 But now its around Rs.800 plus. Any readons for this?
PRANAV SANGHAVI answers, It is split to a Rs. 5 paid up stock and given a bonus some time back. So I guess the price is adjusted. But it should do well in the long term.
Pintu asked, What is the outlook on Mcleod Russel
PRANAV SANGHAVI answers, It is heavily dependent on a single commodity which is Tea. So you will have to follow the Tea sector and watch its price movements.
PRANAV SANGHAVI says, Well it has been great interacting with you guys. See you all next week. Bye for now.

Chat with Pranav every week!