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'Diversify investments, follow correction'

May 30, 2007 15:31 IST
PRANAV SANGHAVI says, Hello everyone and welcome to the chat. Let's get started.

Nt asked, what's visibility for UCO Bank in next 6 months.
PRANAV SANGHAVI answers,  at 2007-05-30 13:59:31I think the banking stocks were underperforming due to the intrest hike issue but over a longer term they should perform well. If inflation does come under control we could see the interest rates slowly move downwards thereby boosting credit offtake.
SHANKAR asked, cAN I BUY 3I INFOTECH AT CURRENT PRICE. I HAVE ALREADY 150 SHARES @ 305
PRANAV SANGHAVI answers, With the continuous Rupee appreciation most of the tech stocks are underperforming. So if you are a longer term player then you can look at it.
siva asked, Which shares buy now ..i have to invest 5 to 6 Lac..or after correction i can invest ..which is better
PRANAV SANGHAVI answers, I would advise you to invest at a correction. Our markets have moved rapidly upwards after the March correction.
Sandeep asked, Hello Sir
PRANAV SANGHAVI answers, Hi Sandeep and what is your query?
shyamal asked, what would be next target of birlajute
PRANAV SANGHAVI answers, I am not a technical analyst so I cannot give you price targes sorry.
PKJ asked, CIPLA AT 220 IS IT RIGHT BUY FOR A 3 MONTH HORIZON.
PRANAV SANGHAVI answers, From the pharma sector Cipla is definately a stock I like.
Muralidhar asked, Hi Pranav, I have positions in Kesoram industries Is it time to exit
PRANAV SANGHAVI answers, I would hold on. If you are making a decent profit and wish to book some you could.
sushil asked, I am the first time investor. would like to invest Rs 3000 to 5000 PM for 3, 4 years in stock or MF, Please suggest I should go fpr which scheme and from which co.
PRANAV SANGHAVI answers, I would look at Large Cap Diversified SIP plans offered by various MF houses.
sk asked, Hi Pranav which IT stock is good at this time to invest in? What about wipro/styam?
PRANAV SANGHAVI answers, Wipro has been laggin in the 530 to 560 range for quite some time now. I do like it and going by the results the price should be much higher. You could also look at TCS, INFY and Mahindra Tech with a long term outlook as till the Dollar starts appreciating these stocks may move sideways.
rahul asked, what r d prospects of idea cellular
PRANAV SANGHAVI answers, You could look at it with a 6 to 12 month outlook especially on dips.
SUJA asked, What are the main Infrastructure stocks to look out for?
PRANAV SANGHAVI answers, Look at IVRCL, IDFC, Unitech and the you could look at the new issue DLF.
PKJ asked, ITC AT 165 IS IT WISE TO HOLD IT FOR A 10 - 15% GAIN IN 3 MONTHS HORIZON
PRANAV SANGHAVI answers, Yes definately.
sk asked, Sensex is around 14500 what do you think will it continue or fall back?
PRANAV SANGHAVI answers, I think the markets will correct shortly. Once the valuations get a bit ralistic the markets should move up again.
PKJ asked, RASENDEK ENGINEER AT 94 IS IT GOOD BUY FOR 3-6 MONTH HORIZONE
PRANAV SANGHAVI answers, I am sorry I don't follow that stock.
sushil asked, Can I invest in AVIVA life insurance fund?
PRANAV SANGHAVI answers, It is always good to diversify your investments rather than keep all of them focused on equity.
sk asked, I have MudraLifestyle 70@Rs 90 what do you thin hold/sell?
PRANAV SANGHAVI answers, You could hold on.
PKJ asked, AVENTIS PHARMA WAHTIS THE OUTLOOK. ALSO NOCIL HAS RISEN 15+% YESTERDAY DUE TO THINK IT IS WORTH HOLDING OR SHOULD BOOK PROFIT AND COME OUT
PRANAV SANGHAVI answers, If you ar a short term investor then you could book profits.
gauravk asked, Repected Sir, Good afternonn i have the 100 shares of Arvind mills, @ 90/-, should i exit from this stock?
PRANAV SANGHAVI answers, You could hold on with a longer term outlook even though textile stocks have not out performed the market.
aniash asked, I have 100 TCS @1255..Please let me know whether can I hold this stock with a 1 year perspective..
PRANAV SANGHAVI answers, I think you coult hold on surely.
Raju asked, Pranav, your view on Reliance Petro?
PRANAV SANGHAVI answers, I think RPL has moved to a higher level and could see sustained yet slow rise in its price. But beyond 2009 it will susbtantial returns.
gauravk asked, also let me know future of GV films, (7 Rs x 5000 Shares)Mahindra Gesco(600*50), Ranbaxy(390*100) for time horizon of 1 year. please advise.
PRANAV SANGHAVI answers, I would exit GV films and look at a more quality stock. The others you could hold on.
dondu asked, sir, i have 400 shares of ranbaxy@394 each . wat should i do? sir , i have 400 shares of ranbaxy@394/=each . wat should i do?
PRANAV SANGHAVI answers, You could hold on.
ash asked, respected sir.. kindly comment on the future prospect of 1) ifci@43.93 2)abb@3600 3)bhel@2730 4) unitech@567 5) JSW holdings@230 6) RIL@1562 7) RCOM@462 8) NTPC@164 9) dIVIS LaB @4800 10) adlabs @ 530 11) hindustan zinc @672
PRANAV SANGHAVI answers, Barring JSW and Divis which I don't follow you could surely hold on to the rest. You have good picks.
SUMAN asked, I have 1000 shares of transport corporation of india , what is your suggestion ?
PRANAV SANGHAVI answers, Hold on.
sushma asked, sir let me know the faith of Zee shares prices. I have 100 shares.
PRANAV SANGHAVI answers, Hold on, it is one of the leaders in the media stocks.
nana asked, i have some vedeocon international sahres. what to do with them?
PRANAV SANGHAVI answers, You could hold on.
k asked, i am planning to invest in some good sahres with 3 to 6 months of time. where i will see these ?
PRANAV SANGHAVI answers, I think the market could be up around 5 to 10% beyond the next quarter results.
PKJ asked, Hindustan Zinc and Hind lever..what is your advise for a 3-6 month horizon
PRANAV SANGHAVI answers, Hold on.
john asked, BOught cadila @323 what is prespective for next 6 months
PRANAV SANGHAVI answers, I dont follow the stock but what little I have read you could hold on.
Rohit asked, Any good stock to invest for short term?
PRANAV SANGHAVI answers, Any invetment for a very short term may not prove to be good. But you could look at ITC, IDFC, IFCI etc.
omi asked, i have rnrl ,rpl and reliance energy.. shoul id hold it or book profit??
PRANAV SANGHAVI answers, I would hold on.
bhui asked, hi what is buy price for infosys
PRANAV SANGHAVI answers, The market rate is around 1915.
soumya asked, Should we wait for market to correct for any new investment ?
PRANAV SANGHAVI answers, I would wait for a correction.
ff asked, Hello Pranav: Whats your take on IT (Infosys,TCS,Techm,Satyam,Rolta,HCLTech) for the next 2-3months... Is it a good long term investment.. Your advice highly appreciated.. Thanks for your time....
PRANAV SANGHAVI answers, With the dollar having depreciated the tech stocks are not performing that well. But their results and their guidance are far better than what their prices are reflecting. You could look at them if you believe that the Dollar will appreciate with time.
sunil asked, dear sir i am retail invester can i buy manglore chemical and rnrl share for the long term if then how much time and retun would be???????
PRANAV SANGHAVI answers, You could lookl at RNRL but it has moved up significantly recently. I dont follow Mangalore Chemical sorry.
Kannan asked, Dear Pranav I'm a small investor lost money in last year bear phase and now investing in MF only. Can you suggest me some PMS provider for small investors.
PRANAV SANGHAVI answers, There are lots of professionals who are offering the services but I would go witha reputed house like Kotak or Motilal Oswal.
hafiza asked, Hi Pranav, I would want to invest 1 lakh in shares. could you please suggest me stocks with short term perspective,
PRANAV SANGHAVI answers, Hi Hafiza, I would wait for a correction first and look at quality frontline stocks like SBI, L&T, TCS, ITC etc.
vish asked, Where would market go from current level in short term
PRANAV SANGHAVI answers, Beyond a correction, upwards.
Rajiv asked, Hello, Is there anybody to answer the queries ?
PRANAV SANGHAVI answers, Hi Rajiv, what is your query.
Kannan asked, Is there any good midcap stock which will give reasonable return after 2-3 years?
PRANAV SANGHAVI answers, There are lots of them around Kannan, you have to just study and take your pick. Last year I had mentioned Praj Industries as I felt it was a sunrise industry and it has given fantastic returns.
muktak asked, i am holding about 400 shares of reliance petro for the last 5 months,kinldy advise should i sell it or still hold.
PRANAV SANGHAVI answers, I think you could hold on.
vikas malik asked, mr pranav.....welll i m a student and
i want to start investing....not for a purpse of gaining ...but to have know how of fincial market.....can u temme....how should i go about???
PRANAV SANGHAVI answers, I would suggest that you first take up the basic courses being offered by the training institutes of both NSE and BSE.
Kannan asked, Everyone specks about the US dollar rate. But no one specks about How the U dollar value is being fixed? Who fixes this? Why the dollar rate is down now?
PRANAV SANGHAVI answers, There are various dynamics to the US Dollar rate. It would be difficult to discuss all of them in one hour.
swet asked, Hi Pranav, I hope you are doing good. Can you please throw some light on UB Holdings (United Breweries)? What is happening this stock go up and down so much? Thanks
PRANAV SANGHAVI answers, Hi Swet, I am fine thank you. I think there are some bulls and bears caught in the script but you could look at it with a longer term outlook.
nikhil asked, What is your call on Suzlon Energy? Will it cross its all time high in the near future?
PRANAV SANGHAVI answers, I think it will. If it's acquisition goes through smoothly it surely will.
Ashok asked, I have shares of ACC .Should i holfd them or sell them . If i hold them what are the future prospects.
PRANAV SANGHAVI answers, I would hold them.
dsa asked, Hi 1. Where do you see the index range in 3-4 yrs from now? 2. If I were to invest in about 5-6 blue chip stocks since I am a beginner, which ones would you recommend with time horizon of 3+ yrs.
PRANAV SANGHAVI answers, Where our Index could be in 3-4 years is anybody's guess. But I think our economy should remain robust for that time frame and it could reflect on our markets. I have mentioned a few names in my earlier replies please refer.
ARUN asked, Whats the outlook of market
PRANAV SANGHAVI answers, Bullish beyond a short correction.
sunilnarsian asked, I hold 200 SBI please advice, whether to hold or sell?
PRANAV SANGHAVI answers, You could book some profits. But if you area longer term investor then you could hold on.
hii asked, What is your take on KEI Industries? What is the long term target for this scrip?
PRANAV SANGHAVI answers, I think it is a good stock for a longer term outlook.
ganesh asked, hi pranav....is it a good time to buy rajtv and 3i info tech? and ur view on dlf???
PRANAV SANGHAVI answers, You could look at the DLF issue. I would not look at the other two right now.
sharma asked, i have 1000 shares of gvfilm. please advise should i sell or hold them.
PRANAV SANGHAVI answers, I would switch to a quality stock.
pranav asked,  sharma says, i have 72 shares of infosys. should i hold or sell Hold
PRANAV SANGHAVI answers, Hold.
Rameshwar asked, I 100 shares of Vedant Hotels, pl tell me future of this hotel ?
PRANAV SANGHAVI answers, I dont follow that stock sorry.
umesh asked, What is the future of Lakshmi Vilas Bank
PRANAV SANGHAVI answers, You could hold on.
AHMAD asked, I have TCS shares bought at 2190 lavels. Should I hold and wait for any bounce back to the same lavels atleast or Sell it and at what price?
PRANAV SANGHAVI answers, It will take some time to reach those levels.
sharma asked, i have 100 shares of bajaj hindustan. what is the future of bajaj hindustan
PRANAV SANGHAVI answers, In the short term I am not too bullish on the stock.
sunny asked, Good afternoon Pranav, What is your take on accumulating Reliance petrolium at CMP, for one or two years. How much return is it expected to give ?
PRANAV SANGHAVI answers, Good afternoon Sunny, You could get a return of 20-40%.
meeran asked, i have 200 shares of wipro @ 365 . what is the future of this stock and which is the sector to watch out for ?
PRANAV SANGHAVI answers, The stock should move up once the dollar starts appreciating.
sharma asked, i have 100 shares of ranbaxy @482 per share. should i hold or sell
PRANAV SANGHAVI answers, I would hold on. You should see the rate in the future.
wtfwtfwtf asked, Do you think the markets would reach the 16000 mark before the end of this year ? Whats your probability on this? Any chances of crash like downfall of 3000 or 5000 over points ? PLease answer all the questions.. thanks
PRANAV SANGHAVI answers, It could breach the 15000 mark if the corporates continue their stellar performance. I seriously doubt a crash of 3000 to 5000 points is possible.
meeran asked, is it a good time to buy infrastructure shares now??
PRANAV SANGHAVI answers, With a longer term view yes.
ganesh asked, what is ur view on tera soft, aftek and varun shipping..are these good for long term???
PRANAV SANGHAVI answers, I like Varun shipping but the other two I don't follow.
vishal asked, sir i have buy to triveni eng what is the futcher
PRANAV SANGHAVI answers, You could hold on, it has given good reuslts and could continue to do so.
vishal asked, reliance petro hold ot sell & creain hold or sell
PRANAV SANGHAVI answers, Hold on surely.
Krishna asked, hi, if i sell BHEL tmrw afternoon (May 31st), will get bonus shares. What is ur advice. to hold or to sell?
PRANAV SANGHAVI answers, I would surely hold on.
sam asked, hi pranav!! what are the chances for UNITECH?
PRANAV SANGHAVI answers, I think it has given good performance and it should continue to do so.
Rancy asked, What are the prospects of InfoEdge and Voltas
PRANAV SANGHAVI answers, Voltas is still a buy and InfoEdge I dont' follow.
suresheng asked, i have 2000 shares bajaj hindustan and 1000 at 250shares of parsavan developers at 450. what is the future of this shares
PRANAV SANGHAVI answers, I would switch both the stocks.
rajeev asked, what are the prospects abt tech mahindra i hold 50 shares at 1500
PRANAV SANGHAVI answers, I would surely hold on and buy if it falls further.
sunil2005 asked, Infosys what is to be done?
PRANAV SANGHAVI answers, Hold on.
sushilc asked, what is the future prospect of Himatsinka Siedge
PRANAV SANGHAVI answers, I think they are a niche textile company and could be held on.
Kantale asked, Hi Pranav, where is the market heading from here? Where do you see market reaches at the end of this year?
PRANAV SANGHAVI answers, I think its should end the year above 15000. but the minute the PE ratios go north of 18 I would be skeptical about the markets sustainability.
sunny asked, Hi Pranav, What is your call on cement sector in general and particularly about Guj ambuja cements ?
PRANAV SANGHAVI answers, I think all of them will perform well and Guj Amb is one of the leaders of the pack.
dinesh129 asked, Hi Pranav , whats future of Sugar stocks, Bajaj Hindustan , Sakti Sugar & Balrumpur Chini in particualar.
PRANAV SANGHAVI answers, I think they should remain underperformers in the near future.
rajesh asked, how does the market value fluctuations occur for a share.... is it only due to the demand and supply in case of intra day movement?
PRANAV SANGHAVI answers, There are various factors affecting the markets and the price movements in a particular scrips and demand supply being one of the primary.
ani123 asked, I have 100 TCS shares @1255..Please let me know whether I can hold it for good returns with a 1 year time horizon..thanks..
PRANAV SANGHAVI answers, I think you can hold them.
ravi asked, Hi Pravav, Good afternoon. In the current markets should we accumulate shares or do we square off and buy when the markets have corrected.
PRANAV SANGHAVI answers, If you are making profits it is always advisable to book profits when markets are close to their all time highs. You can always buy back into the stock when the markets correct.
raj asked, Hi Pranav, one thing is always said abt market is we have to play long term. Second when we purchase shares both from primary and secondary we pay heavy premium to the organization say for example TCS shares the face value is Rs.1 but the issue price was around Rs.1000/-, how do we make sure we are getting return. Even if the company declare divided it will be on Rs.1/- how shld we take into a/c that
PRANAV SANGHAVI answers, The dividend percent is always on the Face Value of the shares. And the rate of dividend has to be calculated in relation to your acquisition price of the stock.
ravi asked, Hi Pravav, Can u suggest any Do's and Dont's for Day traders?
PRANAV SANGHAVI answers, One thing I have learnt is you HAVE to be extremely strict with your stop losses. Second, always give full attention to the markets and dablle in day trading if you already have a day job. Third, choose stocks with your study and not what your neighbor in the train or your friends uncle thinks its good.
PRANAV SANGHAVI says, Well on that note, I bid all of you good bye and hope to see you'll next week. Bye.

Chat with Pranav every week!
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