Stockwhat asked, Why is the stocks behave like insane in these days? A day the stock is up and the other day it is very much down. See today for instance what is the reason for this misbehaviour of stocks?
PRANAV SANGHAVI answers, at 2007-03-14 12:07:39As I had mentioned in my earlier chats, the markets will remain volatile for a while. There are a lot of factors affecting the markets. The US economy, Yen carry trade and ofcourse the global markets performance. Today the markets have fallen on the weak subprime mortgage numbers in the housing sector that the US announced yesterday which sent not only the DOW and NASDAQ down but also all the asian and emerging markets.
vaishali asked, when can i buy TCS
PRANAV SANGHAVI answers, If you are a longer term player whenever the markets are down 300 to 400 points like today you should buy a percentage of the total quantity that you wish to purchase.
gholu asked, Hi Pranav, Can you suggest some Hedge Mutual Funds?
PRANAV SANGHAVI answers, Do you mean HedgeD Funds or Hedge Funds. If it is the latter then Hedge funds are not permitted to make an offer of an investment in India by SEBI. But a lot of foreign Hedge Funds are active in India.
GPNANDA asked, what are the Prospects of Hotel Leela bought at 62/- for medium term?
PRANAV SANGHAVI answers, In the short term you may see some sideways or downwards movement. Beyond a point it will appreciate.
shiv asked, Can you pls suggest soem MF with tax benefit for 2 year. Iwould like to invest 30k per year. Thank you
PRANAV SANGHAVI answers, I will not name any specific MF as I am not permitted to but a lot of MF houses are offering the same.
sampath asked, is it safe to invest in low range shares for intraday trade.
PRANAV SANGHAVI answers, Do you mean Low Cap stocks or Stocks which have a low intra day price range? In the current market scenario especially, I would advise to abstain from intra day trading totally as there is a good chance that you will burn your fingers due to the extremely volatile markets.
gaurav k asked, Dear Pranav Sir, Good afternoon. please let me know long temr outlook for a period 1-2 year of Cairns india (Rs 160*200), Reliance Petro(Rs 70*500) & Jubliant organsys(100*Rs 230). . kindly advice.
PRANAV SANGHAVI answers, Dear Gaurav, a very good afternoon to you too. Cairns has made a lot of promises. It will only be evident once we have studied at least 2 to 3 quarterly results. Till then you could look at other power sector stocks. RPL is a long term play and if you are willing to hold till 2009 or 2010 then you are fine. Jubiliant I don't follow.
GP asked, Why market so Volatile?
PRANAV SANGHAVI answers, Please refer to my reply to the first query.
GPNANDA asked, What are the prospects of PSL Ltd (Punj Lloyd group) at CMP of 200/- for medium term ?
PRANAV SANGHAVI answers, It is a commodity stock and the price will be in tandem with the commodity's prices. I would look at it with a 1 to 2 year outlook.
Vijaylakshmi asked, I am around 72 years old. Along with my husband, I had invested an amount of Rs.70,000 in shares. Now that he has expired, what are the formalities to be completed before I reinvest the amount, wisely as per your valued suggestion? By formalities, I mean what is the documentation etc. required Vijaylakshmi
PRANAV SANGHAVI answers, You need to get a probate executed in the court to claim the estate through the will and then you could look at investing in the markets through MF's.
abdulrajak asked, Good Morning Sir Can you Suggest me how i can invest in Shares (iam new to the Share Market)
PRANAV SANGHAVI answers, It is advisable to go through Mutual Funds as in the current scenario there is a good chance you would lose money as even the market experts are facing tough times.
satish asked, hello sir i want to know about sesagoa bidding n what is the target for short term
PRANAV SANGHAVI answers, I think it is a good stock to hold on to and with its controlling stake up for sale the stock price could appreciate in the bidding war by the potential acquirers.
Vikram asked, I am holding 600 Infosys shares for long time. Should I keep holding it for few more years or sell it now?
PRANAV SANGHAVI answers, Yes please hold on.
shirish asked, i am a medium term investor. What is the future prospects of Jai Corp ltd. I can hold this share for 1 year. Please advice. I have to pick up this stock at current level
PRANAV SANGHAVI answers, I don't follow that stock sorry.
tanvikachopra asked, what is future prospectus of large cap technologfy shares ???
PRANAV SANGHAVI answers, I think they are the least likely to get majorly affected. They would be a safe bet to look at. I don't think the MAT also will make a meaningful dent in their performances.
vivek asked, can i invest in dabur india?
PRANAV SANGHAVI answers, Yes you could with a longer term outlook.
kaus asked, hello, what r ur vies on intermediate trend of indian markets?
PRANAV SANGHAVI answers, As I have mentioned earlier the markets look volatile in the short term. But in the longer term they should bounce back. The India growth looks intact and we should manage a high single digit growth rate this year too.
Nirmal asked, Why Market so Valatile ? If any assumtion on Market then What is the level of SENSEX ( DOWN)
PRANAV SANGHAVI answers, I have given certain factors which affected the down turn today in my earlier replies please refer.
Nirmal asked, Is the right time to INVEST in MUTUAL FUND ?
PRANAV SANGHAVI answers, Yes you could definately look at large cap diversified funds with at least a three year outlook.
larry asked, i havr got bayer crop shaiers witch i purces at 313 now the rate is 212 wat to do shoud i sell
PRANAV SANGHAVI answers, You could hold on as this years budger should prove good for the farming and agriculture sectors. Bayer crop is in to agri related business and should do well.
sachin asked, Hello Pranav, What is the future of Atlanta. I got 5 shares of atlnta at 1412. I am not able to sell them at market price as it gets lower circuit as soon as market opens. Please advise. sachin
PRANAV SANGHAVI answers, You could put in a lower rate with a week ending time limit if you want to sell. But I don't follow the stock so will not be able to give you advise.
nitesh asked, I got 90 shares in the IPO.What would be your suggestions for IDEA cellular? Should I sell it or should I go for some buy? Is it a good buy for a period of 4-6 months. Plz suggest.
PRANAV SANGHAVI answers, See it is definately not a market leader in its segment. You could sell now hoping to acquire at a lower rate at a later time. But longer term I think it will surely appreciate.
Ajit asked, Hello Pranav Please advice about Punjlloyd, Voltamp, HCC should we hold on to these scripts? When do you think the bull phase will come back again? How long this downward trend will last? Thanks in advance.
PRANAV SANGHAVI answers, HCC is surely a good hold even though all the construction companies have been hammered especially those who were seeking benefits under section 80-IA which has been removed with retrospect effect. I still would recommend HCC as a hold.
martin asked, hi, i am holding 680 shares of RCF @ 52.10 i have been holding it since may 2004 when teh market fell. advise plz
PRANAV SANGHAVI answers, You could hold on as the agri related industries should perform
well this year.
Atul asked, What is the expectation with INFOSYS Share. Do you think its gonna touch 2400 again in the near future?
PRANAV SANGHAVI answers, I am pretty confident that INFY will regain it's previous highs. When is the question. But I think even a slowing US economy will not affect INFY that much.
Nikhil asked, Hi ! I would like to know about RANBAXY shares. What's the reason that they r falling everyday? any scope of improvement?
PRANAV SANGHAVI answers, All the stocks are falling its not only Ranbaxy. But in the pharma sector it is amongst the top counters and with a longer term outlook you could hold on.
debasish asked, hi, i am holding 60 shares of SESA GOA @ 1949 . advise plz
PRANAV SANGHAVI answers, I would recommend hold on.
sharath asked, can i invest in Idea cellular
PRANAV SANGHAVI answers, At lower levels below say 82- 84 you could.
Nikhil asked, what about technology shares like NIIT ?
PRANAV SANGHAVI answers, NIIT might be marginally affected by the MAT tax. But otherwise I think it will continue the growth it has projected.
umakant asked, What are prospects for Hindustan construction and Alok Industries ??
PRANAV SANGHAVI answers, HCC looks good for the long run. Alok I dont follow sorry.
SaiWannabeInvestor asked, How to start learning about the stock market and start investing?
PRANAV SANGHAVI answers, You could take up courses offered by the Training Institutes of both the BSE and NSE exchanges. You can get details form the exchanges web sites.
anil asked, I have tech 30 tech mahindra at 1700. wht is the future?
PRANAV SANGHAVI answers, I think it will do well depsite the US economy figures as it has received a US$ 1 billion order to be delivered over the next five years from BT. I think it is a good stock to hold.
hemal asked, Hello SIR, WHAT CAN BE BOTTOM LEVELS TO MAKE FRESH INVESTMENTS AND IS STEAM OUT AS FAR AS CEMENT STOCKS ARE CONCERNED?
PRANAV SANGHAVI answers, It is almost impossible for anyone to predict a market bottom as so many factors affect the stock market. And the markets do look weak for some time to come. As far as cement stocks are concerened it would depend on the outcome of the ongoing discussions that the industry is having with the goverment who is trying to impose indirect price controls which is not healthy for the industry.
Dedhia asked, Hi. What is your view on Reliance Petroleum, L&T and Reliance Industries.
PRANAV SANGHAVI answers, I think L&T and RIL are good holds. They are quality stocks with strong fundamentals. RPL will have to be held beyond 2009 for decent returns.
hemal asked, WHAT MAX CAN MARKET GO UPWARDS TILL END OF THIS YEAR? IS IT ADVISABLE TO INVEST IN IT STOCKS?
PRANAV SANGHAVI answers, If the corporates continue their performance then the markets could go up by another 15 to 20%. But not without timely corrections.
ps asked, 1. Is Mastek a good stock to hold fundamentally ?
PRANAV SANGHAVI answers, It is a decent stock no doubt but it is a mid cap tech stock. At such volatile times I would rather be holding a frontline tech stock.
Vikas asked, I have GVK Power and Parasvnath DEv. Should I keep them or sell
PRANAV SANGHAVI answers, I think Parsvanath could correct a bit furhter. Both should do well over the longer term.
mahesh asked, hello sir this is mahesh, i am totally new to this field and i have resently opened an demart account , i would like to ask you open which share i have to invest first
PRANAV SANGHAVI answers, I think you should first learn about the markets rather than blindly invest on advice. Also consult your broker who will give you some sort of advice. It is always advisable as a beginner to stick with 3-5 quality frontline index stocks.
Index asked, hey, whts the future of market...u or down??
PRANAV SANGHAVI answers, In the short term volatile on a longer term up.
Aslam asked, Hello
PRANAV SANGHAVI answers, Hello Aslam.
drshetti asked, hello pranav good noon. india is going to be top in MEDICAL TOURISM do you think investing in HOSPITALS like APOLLO INDRAPRASTA, KOVAI,MALAR will be beneficial
PRANAV SANGHAVI answers, It is a sector that is fast becoming popular overseas. But there are other countries in the far east with better facilities and yet cheap and equally popular. But the quality stocks will do well if it does catch on.
Adithi asked, Hello, What is your take on Alstom Projects ??
PRANAV SANGHAVI answers, Hello Adithi, I think it is a good bet with a medium to longer term outlook.
Rajan asked, what is the reason for the volatality in the market now?
PRANAV SANGHAVI answers, Please refer to earlier replies. Various global factors like weak subprime mortgage figures in the US Housing markets, Yen carry trade and various other factors.
ps asked, Should I hold Guj Amb and Grasim at 125 and 2550 or shoudl i book losses ?
PRANAV SANGHAVI answers, I would surely hold on. As atleast for a year and a half not many new capacities are going to be added and the demand will not die down.
Marc asked, I want to purchase Tech Mahindra at today's level @ 1457 and hold it for a year. Is it worth buying into it at these levels and what sort of returns can i expect in about an year
PRANAV SANGHAVI answers, I would buy at every dip. Buy 20 to 30% of what you wish to buy today. And in such quantities on every dip. With a 1 year outlook I don't think you will go wrong with Tech Mahindra. A 20 to 30% return cannot be ruled out.
malc asked, Hi Pranva ... the bear is back.
PRANAV SANGHAVI answers, Hi Malc, some bears are active in the markets.
apoorva asked, What levels will the Sensex be in May, June & July? Will the market follow the pattern of last few years?
PRANAV SANGHAVI answers, I think we could see 14,000 levels beyond the June quarter results in July.
srini asked, Is this good price to buy RCOM
PRANAV SANGHAVI answers, I think RCom is a good investment.
JITEN asked, WHY AI Champdany CONTINOUSLY GIVING CIRCUIT I BOUGHT THE SHARE 388 PRICE AND NOW 177
PRANAV SANGHAVI answers, Sounds like an operator driven stock. I dont' follow it so will not be able to help you.
Sudhir asked, Hello, I'm wondering if the low phase is temporary as well as global?
PRANAV SANGHAVI answers, I think it is a bit of both.
rashmi asked, what will be index level for next three months?
PRANAV SANGHAVI answers, I think it would remain volatile for a while. The March end results of the corporates could act as a catalyst in a small bull rally. But a lot of global factors also have to be kept in mind. I think it should be range bound between 12,800 to 13,700.
SHA asked, I want to purchase canara bank at 200 is it good
PRANAV SANGHAVI answers, I would wait for a while before getting in to the stock.
ananth asked, Hello sir, what is the future target for mindtree
PRANAV SANGHAVI answers, I think it ran up a little yesterday but With a long term outlook it is a decent bet.
PRANAV SANGHAVI says, Well it is time for me to leave. Bye for now.
Chat with Pranav every week!