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Rediff.com  » Business » 'Sensex may test 12K levels'

'Sensex may test 12K levels'

April 04, 2007 13:38 IST
PRANAV SANGHAVI says, Good afternoon everyone and welcome to the chat.

dev asked, hi i am divyesh from uk i have stock of the bob and rpl i want to know i am stay with the script and otherwise i sell this script give me your opinion about this script
PRANAV SANGHAVI answers,  at 2007-04-04 12:04:20The banking stocks are under a bit of pressure due to the rising interest rates and hike in CRR also. So in the short term they will face some resistance but if you take a 1 to 2 year view I think you should be fine. RPL also will give you meaningful returns beyond 2009.
gagan asked, hi what is your view about indiabulls@424, hcl tech @320. should i hold or sell
PRANAV SANGHAVI answers, Indiabulls is an aggressive player in the brokerage business. I would look at it if it corrects further. Instead of HCL I would rather look at a Wipro or TCS.
lalit asked, wat is the futre of hotel leela i am holding @72
PRANAV SANGHAVI answers, If you are a longer term player you could hold on. They have some expansion plans in the pipeline.
m asked, should i buy some sbi share?
PRANAV SANGHAVI answers, Despite all the negativity the banking sector is facing, I would look at SBI but for a 2 to 3 year perspective. It is the largest public sector bank in India and there are talks of a stake sale.
vp asked, how is the performance of reliance equity fund (Hedging)?
PRANAV SANGHAVI answers, I have not studied the Fund so will not be able to help you.
wer asked, Hi, please tell me five best funds for SIP
PRANAV SANGHAVI answers, I cannot gie you specific names but look at funds offered by HDFC, DSPML, Templeton, SBI Mutual and especially the large cap diversified ones.
Manu asked, What are the top three stocks you would recommend for 3 years
PRANAV SANGHAVI answers, I would look at INFY, IDFC and probably a HDFC Bank or SBI form current levels.
neeraj asked, Hearing a lot that market will break the level 12K...What do u think ?
PRANAV SANGHAVI answers, Markets are always very news sesitive and even in a bleak short term scenario our markets are up today on good news form the US economy. So nothing can be ruled out. If all things turn negative we could see our index at a 12 PE.
gh asked, In the recent crash, I lost Rs 50,000. Tell me the best way to recover it.
PRANAV SANGHAVI answers, I would do a litlle bit of research in the index stocks. See which ones are performing well and which will give good results for the March end and a rising interest rate scenario won't upset their earnings substantially and pick them and sit on them for 6 to 12 months.
Manu asked, How does Pantaloon retail look from 1 year perspective
PRANAV SANGHAVI answers, Pantaloon has two problems to look at immediately. One, the rising interest rate may reduce credit offtake which may result in lower sales for them in the times to come. Second is a lot of large foreign players are looking to enter our markets. When they do start operations in a couple of years thats when Pantaloon will be really tested.
Manu asked, what the best sectors to look in as of now from long term perspective
PRANAV SANGHAVI answers, even the Rupee is strengthening I would still look at the Tech sector. And also quality stocks within the Infrastructure sector.
Raja asked, Hi, I lost about 2 lakhs in the recent slide. Tell me the ways to recover it
PRANAV SANGHAVI answers, I would pick quality fundamentally strong stocks like BHEL, L&T, INFY, TCS, Wipro, ITC and hold on to them for about 6 months. Set a price target divide your loss amount by that figure and pick up that many shares.
chander asked, I have 25 shares of Infosys @ Av price of Rs.1900. Should I hold please?
PRANAV SANGHAVI answers, Yes please do. I think they will give good results for March end.
Manish asked, Ihave bought POLARIS @ 181.10, Pls adv what to do ?
PRANAV SANGHAVI answers, I owuld either switch to a frontline tech stock or convert to cash and wait and watch.
vdatar11 asked, Sir,Femcare Pharma! Very strong set of numbers for first 9 months (31.12.06.) 1.Turnover & Net Profit being Rs.51.41 Cr.& Rs.10.18 Cr. against Rs.41.88 Cr. & Rs.6.13 Cr. 2.EPS( Not Annualised ) for the same period Rs.33.81 as against Rs.20.36 . 3.Co. exhibits Topline Growth of 22.76% & Bottomline Gr.of 66.08 % 4.Promoters holding is 68% & RONW 38% 5.Stock split & Right issue a possibility 6.Beneficiary of Domestic Cons .Boom 7.PE of 11 & Good Buyout candidate for Godrej Or HLL. Your take on such Value Pick?
PRANAV SANGHAVI answers, It seems you have done your home work well. If you do research and invest with conviction you will surely see returns on a quality stock.
raju asked, I got 1000 shares of TCS at average price of 550. What should I do.
PRANAV SANGHAVI answers, I would hold on at least till the results. If you are a short term trader which I don't think you are seeing your acquisition price, you could exit whenm market rallies 500 to 700 points. But if you are a long term investor I would stay put.
marc asked, What are the future prospects of Tech Mahindra ( long term perspective ) in light of meltdown of IT stocks in recent days and rupee appreciation.
PRANAV SANGHAVI answers, Yes Tech mahindra also may be hit by the Rupee stregnthening but in the longer term its increase in revenue and profits will outstrip the percentage rise in the Rupee. So I would look at TM with a long term outlook.
deepak asked, what is the future of SRF,MOSERBEAR,MPHASIS
PRANAV SANGHAVI answers, They are midcap stocks which will get hit the most in times of corrections and take time to rise in times of bull runs. But Moser Baer and Mphasis look promising with a 1 year outlook.
shailesh asked, what do you say about stocks of KEI... two months back was at Rs 120 and now at Rs 67. Is it worth investing more in this stock looking at long term?
PRANAV SANGHAVI answers, I dont follow that stock, so I wouldn't be able to help you.
girish asked, kindly tell me what is the target of kewal krian clothing
PRANAV SANGHAVI answers, I dont follow that stock in detail but from what the company has projected it should atleast give a20 to 30% return in a years time. But I would rather look at other textile and garmetn stocks.
aka asked, sir, what about construction stocks. They are coming down continuously. However they have visibility of earning. Specifically your view on era contruction. CMP Rs 320/- Fy07 EPS rs 75/- consolidate projected by H S Bharana the promoter. equity diluted is 23 cr. order book of 2000 cr. it is quoting at single digit PE. However Kotak, motilal etc have given buy reco but still not moving. Your comments Please.
PRANAV SANGHAVI answers, They had run up substantially in the recent run up. Also I think in some stocks the land banks were unreasonably valued. So a correction was expected. I would look at the performance over the next few quarters. Especially the residential developers.
pradeep18 asked, Hi Mr. Pranav Can you tell me that which is the best time to buy some shareof good companies.
PRANAV SANGHAVI answers, Hi Pradeep, you can buy when the markets correct on every dip. But I would wait for a while as the markets look to be extremely volatile in the short term. But you can buy in parts every time the markets are down substantially like the 600 points fall like the day before.
girish asked, tell me what will be the market in april 07
PRANAV SANGHAVI answers, I think the March end results will dictate where the markets move. And I personally dont see substantially lower profit figures. Although some of the banks have paid lower advance tax.
ranjit asked, Dear Sir, wht is future of Idea? will it touch
to the price as that of AirTel?
PRANAV SANGHAVI answers, I would look at Idea with a 2 year outlook atleast. See Bharti it took off after atleast 2 to 3 years of listing.
rajs asked, do u recomend picking up infy stocks?
PRANAV SANGHAVI answers, Yes at times of corrections like day before you could.
sandy asked, what us the future of Parsvnath developers, Unitech nd SRF??
PRANAV SANGHAVI answers, I like Unitech of the three but I would not look at them right now.
mohan asked, i have 500 shares of i g petro & centurion bank & Rs 10 should i hold or sell at current rate
PRANAV SANGHAVI answers, I would look to be in cash so when a buying opportunity arises you could invest.
deep1973 asked, suggest some shares to buy pls for long term i have 25000 to invest Sir looking for long term prospect
PRANAV SANGHAVI answers, I have mentioned quite a few stocks in my earlier replies please look up. Thanks.
ramesh asked, i have tisco 3000, L&T 2000, DR Reddys 2000&jaiprakash assoc 2000 &amara raja 4000 nos.is it right time to sell them
PRANAV SANGHAVI answers, I dont think you should exit from these stocks. You could hold them for a while. If you wisht to exit, it should be on a day when the markets have rallied a good 1000 points.
javedm asked, what is the prospect of hindustan zinc. can one hold or sell
PRANAV SANGHAVI answers, Although it is a metal sector stock, I think you can hold for a while.
BULL asked, CAN I BUY HDFC BANK AT 930 LEVELS ?
PRANAV SANGHAVI answers, I like the bank but I would wait for it to correct further due to the rising interest rate scenario in the short term may affect the bank.
mandar asked, I am having suzlon at an average price of 1100.Now its quoting around 960+ levels? should I buy more to average the price or should I hold on? can you tell me when can it reach these levels again?
PRANAV SANGHAVI answers, You could hold on.
w asked, cement ??
PRANAV SANGHAVI answers, Looks negative for atleast 2 to 3 more quarters.
Amit asked, CAN I BUY ICICI BANK AT CURRENT LEVELS
PRANAV SANGHAVI answers, I would wait for further corrections.
rohit asked, pls give your take on L&T? What could be the target say in one year?
PRANAV SANGHAVI answers, It is a fundamentally strong stock and can be bought with a 1 to 3 year outlook surely. But buy in parts on dips.
Deepak_007 asked, Hi Pranav. Can you please tell me your views on HLL, M&M, and ITC?
PRANAV SANGHAVI answers, Hi Deepak, HLL is a large FMCG player but gave weak results over the last quarter. So I would watch it for another 1 to 2 quarters. M&M can be bought in to on dips. And also ITC.
ANJAN asked, Dear sir,i am holding gv flims 100 share @7.07 nagarjuna fert. 80 share @ 15.25, Ginni filament @18. i shall i get ant profit from above three script.
PRANAV SANGHAVI answers, You could hold on the Nagarjuna. I would exit the other two and look at growth stocks.
Sudhir asked, Hi Pranav, I am holding shares of Dena Bank. Recently there was news of Dena Bank would merge with some bank.Considering this what would be the future prospect of shares? what is the best price to buy and to sell?
PRANAV SANGHAVI answers, Hi Sudhir, I would look at banking stocks a bit skeptically atleast in the near future. If you wish to look at stocks, I would go for the frontline fundamentally stronger banks.
sarith asked, I have subscribed to the following MF's PRU ICICI FUSION FUND 2 SBI TAX GAIN HDFC TAX SAVER FUND PRU ICICI Emerging Star fund. all for Rs 5000 do you have any sugession for me to balance my portfolio?
PRANAV SANGHAVI answers, You could look at certain bond funds to hedge against the equity funds.
vdatar111 asked, YOUR TAKE ON WYETH LTD.@ rS.450
PRANAV SANGHAVI answers, Hold with a long term outlook.
vdatar111 asked, SIR, Seamec locked in upper circuit today any news?
PRANAV SANGHAVI answers, I dont' follow that stock so I woudn't be able to help you.
ramb asked, which stocks in the infrastructure segment are recommended for a 1-2 yr horizon?
PRANAV SANGHAVI answers, I would look at IVRCL, Unitech etc but not at the current moment.
Rawat asked, I have Aftek @ 74, L&T @1450/-. Can I hold for 2-3years
PRANAV SANGHAVI answers, Yes you could.
NK asked, HI would you say Lanco infratech is a good buy at this price ...and what about Mindtree
PRANAV SANGHAVI answers, Mindtree can be held for a while. Lanco I don't follow.
pooja asked, is it safe to invest in gold etf?whichone is better uti or benchmark
PRANAV SANGHAVI answers, Both are equally efficient ways to invest Gold without paying a premium or taxes.
ANJAN asked, i have hindalco 50 shares. can you tell recently company has announced any transfer of eq. share to pref. share. is it possible without my permission. if it can what will be the ratio.
PRANAV SANGHAVI answers, They must've sent you an intimation with a time deadline after which they are able to convert.
Navin asked, SUggestion about IFCI buy/hold/sell? thnx.
PRANAV SANGHAVI answers, I would get into at levels below 28 and you could hold on for a short term of 3 months.
vijay asked, I hv 200 India cements @188. What shoud I do?
PRANAV SANGHAVI answers, At the current moment the cement sector looks weak especially with the goverment behind them to reduce prices.
rk asked, i have 100 shares of indian bank.Should i sell or hold ?
PRANAV SANGHAVI answers, i would exit on a rally.
rahul asked, hi i am long term invertor acquired idea at 75 (344nos) what will be its target in 2-3 years
PRANAV SANGHAVI answers, You could easily geta 50 % return over that time period.
Shashwath asked, Hello sir, What u suggest about Ranbaxy and Tata tea?Is it time to invest in Tra Stocks?
PRANAV SANGHAVI answers, I would stay out of Ranbaxy and Tata Tea at the current moment.
Amit Samdariya asked, dear Sir, I have purchased Infy shares @2150 avg price. i m running in loss. Please tell me when is this stock expected to rise above this level? or in the near future it deosnt seem to get past this?? whats ur opinion
PRANAV SANGHAVI answers, I wouldn't panic and sell. I think if you hold for 3 months you should see your purchase rate.
lucky asked, i have 200 bharti televentures purchased at the time of IPO?should i retain?
PRANAV SANGHAVI answers, Yes.
sanpkd asked, what is the future of Reliance Capital. I hold some stocks @685. Should I hold or sell.?
PRANAV SANGHAVI answers, I think you can hold if you are a long term player.
era asked, i bought @500 of polyplex corporation..can you suggest any recommendation for buy/sell?
PRANAV SANGHAVI answers, I would switch to a frontline growth stock.
vijay asked, What is your view on Petronet LNG. Pls reply.
PRANAV SANGHAVI answers, For a longer term it is a hold.
POONAM asked, SHORT TERM WHAT ?
PRANAV SANGHAVI answers, Short term markets should remain volatile.
PRANAV SANGHAVI says, Well it's time for me to leave. Hope to see you'll next week. Bye.

Chat with Pranav every week!