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Stock market is full of opportunities

June 20, 2007 13:52 IST
PRANAV SANGHAVI says, Hello everyone, welcome to the chat. Let's get started.

tejas asked, Hello Sir , I have 30 bharat forge 350 buys ?
PRANAV SANGHAVI answers,  at 2007-06-20 11:57:15Hello Tejas, I would hold on, it is a fundamentally strong stock.
jj asked, which stock to buy? I have money
PRANAV SANGHAVI answers, Buy any of the frontline stocks which are giving a YOY growth of around 25% plus and still their price is not appreciating.
Satyabrata asked, Hi Sanghavi. What is your recomendation for ICICI Offer. I am long term investor.
PRANAV SANGHAVI answers, I would subscribe.
Siddharth asked, Do the delisted shares have any value or they are plain junk ? I have 1000 daewoo shares. Is there any hope left or these should be deposited in the waste bin ? Pls advise.
PRANAV SANGHAVI answers, The company has long shut operations in India. I think they won't be worth too much now.
jagadish asked, hi i have 1000 kcp shares what should i do
PRANAV SANGHAVI answers, I am sorry I don't follow that stock.
Siddharth asked, Pranav, pls advise re Indusind bank. I bought 900 shares at 45 some 8-9 years ago. Went abroad after that. Can I claim the dividend for the period not received by me ? Also, the share still hovers at 45. Should I take it as a dead stock & get out or keep holding ? Please advise. Thanks.
PRANAV SANGHAVI answers, Dear Siddharth, yes if the shares were transferred after purchase in your name then you can claim dividend. But beyond a certain years the companies have to invest unclaimed dividend with the government. But of the last 4-5 years atleast you should receive. I think you could switch to a better banking stock.
teja asked, what is Dena bank performing so good?
PRANAV SANGHAVI answers, Mostly it is moving to merge with another bank.
tejasvidix asked, sir i want to know the future of sesagoa it is better to hold or tender it in the opem offer. i m long term investor
PRANAV SANGHAVI answers, I think it is a fundamentally strong company and you can hold on with a long term view surely.
Babu asked, What is the near term target for sensex?
PRANAV SANGHAVI answers, I think the Sensex should remain range bound in the short term. In the longer term we should see new highs.
Babu asked, I have 500 shares of Nagarjuna Fertilizers bought at Rs.11.20. What is the future prospect for this stock. Should I hold this stock and sell it at current price?
PRANAV SANGHAVI answers, I think the fertilizer sector will benefit from the budget. I think you could hold on.
Pratheep asked, Hi i am having 50 shares of BPCL for 311,what is the target price and how much time i should wait? Also i am having 100 shares of HLL for 197?What is target price and how much time i should wait?
PRANAV SANGHAVI answers, BPCL being an oil sector stock the price largely related to price movements in Crude Oil prices. It could remain volatile. HLL has beena laggard over the last few quarters and has underperformed. I would switch to another growth stock.
RAJIB asked, I have 100 shares Onward Technology @ 88/-, purchased six months back, Pl advise?
PRANAV SANGHAVI answers, I am sorry, I don't follow that stock.
Shilpa asked, Pranav, I am long term investor. Please advice which shares to buy?
PRANAV SANGHAVI answers, I would recommend frontline index stocks like Infosys, RIL, ITC, SBI, TCS etc. But the tech stocks should move once the rupee stabilizes. But invest on corrections and not on days when the markets are 100-200 points up.
Bull asked, I have appllied for Meghmani Organics Ltd.thru ICICI direct and the status of applicaion shows accepted and executed , does that means it is alloted to me ? I have applied in the limit price of Rs 17 per share for 350 shares in cash transaction
PRANAV SANGHAVI answers, It means that your application has been accepted. The allotment will be announced at a later date for all investors.
RAKHI asked, PRANAV SIR GOOD MORNING I AM HOLDING 200 OF IDEA CELLULAR @117 PLZ TELL ME SHOULD I HOLD OR SHOULD I EXIT AT CURRENT LEVEL
PRANAV SANGHAVI answers, Good afternoon Rakhi, I think you could hold on to Idea if you are a longer term player. They already came in with the 3rd highest subscribers after Bharti and RelComm last month with 7 lac new subscriber additions. If you can hold for a longer term hold.
soumyajyotibasu asked, hi. I bought 100 shares of GMR@593. what can I do now?
PRANAV SANGHAVI answers, Hold on. They have some large projects on hand which will deliver results over the next 2-3 years.
HC asked, Glenmark Pharma - what are its prospects I bought at 700
PRANAV SANGHAVI answers, I think you could hold on. There is a decent amount of institutional holding in the stock at lower levels.
RAJIB asked, I procured Herohonda @ 735/- and Geometric Software @ 135/- please advise?
PRANAV SANGHAVI answers, Hero Honda in the short term could be affected with the rise in interest rates which will hit the retail sales. So it could remain sluggish till the intrest rates move downwards. Geometric has given good results and can be held on to.
anand asked, Hi Pranav, I have Hindalco @213.5, ITC @196, Dabur india @104 and can hold for 1 or 2 years what do you suggest. Should I average these?
PRANAV SANGHAVI answers, Hi Anand, Hindalco is surely a longer term play. It has spiked up only because of the takeover rumour. ITC also you have at the higher end of the price range that ITC is moving in. I would suggest to average when the price falls below 150 levels like it did a couple of months back. Dabur surely hold on.
abhi asked, hi, what do u think @ SPICE IPO?
PRANAV SANGHAVI answers, You could look at it.
arup asked, ceeky diken,a company listed in BSE on which FII is reported to be increasing their stake. Would it be wisw to invest in this counter
PRANAV SANGHAVI answers, I have not heard of the company. So I would not be able to help you.
amit asked, hi i m having 10 shares of suntv @ 1532 , so what will be the next procedure , should i wait for sometime or should i exit
PRANAV SANGHAVI answers, Yes you could hold on.
ais_indore asked, Have done nifty short it has gained 100 pts from there what should i do???
PRANAV SANGHAVI answers, I think the market looks to move up marginally and you must play in the futures with strict stop losses.
mvikiseth asked, i want to know about IFCI, bought 1500 @ 48.00 , what shall i do to hold or to sell
PRANAV SANGHAVI answers, You have bought at it very close to the highs. But if you are a longer term investor you should see a 30 to 40% returns over the next 6 months. Hold.
ais_indore asked, sir u there'
PRANAV SANGHAVI answers, Yes.
arup asked, how long IFCI can move from this level
PRANAV SANGHAVI answers, I think if you hold on for 6 to 12 months you should see decent returns on the scrip.
prafulmehta asked, Sir, GM Perless Abbasan is going upward daily any news?
PRANAV SANGHAVI answers, Not that I have heard of.
lootlo asked, can i buy reliance at current levels ??
PRANAV SANGHAVI answers, I would not buy it at current levels and wait for the market to correct as RIl would be hit first.
hemal asked, hi, what does markets look at long term prospective? what index we could see by year end?
PRANAV SANGHAVI answers, I would say if the corporates keep on the results they have show in the march quarter then we could test new highs before this year ends. But if due to various reasons like interest rate hike, Rupee appreciation the frontline stocks get affected then we could still continue in a range bound maaner.
Pradeep asked, Sir, I have MFs i.e. DSPML 100(D), Reliance Equity, HDFC Equity, Reliance Power Diversified (G),Magnum Taxgain. please advise me about my portfolio
PRANAV SANGHAVI answers, I think you have made a good choice of investing in diverse MF's.
viv asked, Hello Sir I am holding 500 @70 RPL and 225 @95 NTPC .I am long term investor may be can wait for 5 yrs...can i purchase More at this level?
PRANAV SANGHAVI answers, I would surely hold on. Both stocks shall reap you decent returns. NTPC already has moved from 75 levels last year. If the markets correct sharply like in March'07 you could get in further.
joe asked, Sir, I'm holding 100 shares of Infosys @2010 Whats the future prospects for this.
PRANAV SANGHAVI answers, Till the Rupee appreciates the stock should remain sluggish. Also a lot will depend on the june quarter results. If the weak dollar has indeed affected the results then there could be more weakness. But it is a short term factor, on a longer term Infosys should perform well.
maverick asked, hi I want to invest 2 lakh rs. in market ,my distribution is as follows 20,000 equally in five mutual funds 1.franklin prima plus(growth),hdfc quity,magnum contra,reliance vision,hsbc opportuniuties fund, and stocks are ITC,DABUR,SAIL,NTPC,RNRL,ASHOK LEYLAND,MTNL,NOIDA TOLL BRIDGE(1 lakh remaining),my investment horizon is minimum 3-5 yrs,pls comment on this portfolio and suggest any improvement.
PRANAV SANGHAVI answers, I think you have thought out your investment wisely and you might even beat the market.
Pradeep asked, Many a times u said post me on my e-mail. can u give me your mail account. Thanks
PRANAV SANGHAVI answers, The people at rediff will give it to you. Please send the moderator your request.
Alok asked, Hello, how to make money in nifty futures
PRANAV SANGHAVI answers, Playing in nifty futures is tricky and one should not trade unless you have ample time to devote to your trading activities. Also the markets being volatile as they are you could land up losing money.
prafulmehta asked, Sir, r u in opinion that mkt may see 12000-12500?
PRANAV SANGHAVI answers, I don't think the markets could break 12,500. A correction that sharp will really shake up the market. But I don't see any reason for such a sharp correction.
viraj asked, hiiiiiiiiiii
PRANAV SANGHAVI answers, Hi Viraj, what is your query?
rohit asked, there is lot of hype that LNT will touch 4000 by 2008 end? whats your intake about it? pls
PRANAV SANGHAVI answers, I think the Capital of the company is only around 50 odd crores. Its March ending profits were 1400 crores. Its reserves are over 4500 crores. And it has an order book of over 10,000 crores for the next 5 years. So keeping this in mind I think L&T should outperform the market.
navin asked, Hello Mr. Pranav, What U suggest to do at this level of market? keep invested or shall one take out all the money from the market and wait for the big correction, which is expected?
PRANAV SANGHAVI answers, If you are a longer term player then minor corrections should not bother you. If you wish to make money then you could exit at higher levels and then get in during the corrections. But what will be the peak of the market no one can predict.
mahesh asked, hi pranav what is your opinion about recent icici fpo?
PRANAV SANGHAVI answers, I think one could subscribe to it.
Pradeep asked, I have Real Estate players like Parasvanth(20), Indiabulls(20), Unitech (10), should I keep them. and also give your valuable suggestion on Infosys and TCS
PRANAV SANGHAVI answers, You could hold on to Indiabulls, Unitech. Infy and TCS are underperforming the markets due to the weakening of the dollar. Eventually they should start moving once they have been able to make adjustments to their pricing or the Rupee weakens.
isldh asked, Need ur views on century textile-at levels of 635-37, sell or hold
PRANAV SANGHAVI answers, If you are a longer term player then hold. Though it has already moved up trenmendously over the last two years.
ganesh asked, Hi, I have purchased Aftek 100 @ 72/- and Silverline Technologies 500 @11.50. I am looking for 1-2 year time horizon.
PRANAV SANGHAVI answers, I would switch to better quality tech stocks.
kpmuralidhar asked, Hi Pranav, I have positions in LandT and BHEL from more than a year.they have gone up now is it time to sell or accumulate....As The counters r too volatile
PRANAV SANGHAVI answers, I think you could hold on for some more time. They have both given funtastic results.
HARSH asked, HOW DO WE CALCULATE THE STOPLOSS? WHEN DO WE SELL THE STOCKS? WHICH BOOK WOULD YOU RECOMMEND HIGHLY ?
PRANAV SANGHAVI answers, I won't give you any secific names of books but there is a book on technical analysis by a south indian author in all the leading book shops. It gives good insights on how to set up trades with stop losses.
Alok asked, How to predict Nifty future movement
PRANAV SANGHAVI answers, One can't accurately predict or each one would be a billionaire. Markets are volatile.
partho asked, i would like to know the future prospect of bharti shipyard ? what could the 1 yr tgt ? given a choice between ABG Shipyard and Bharti Shipyard hich one should one go for ?
PRANAV SANGHAVI answers, I am sorry I don't follow that stock.
Vivek asked, I have 55 Shares of Relcom at 440. Currently its trading at 510. Should i hold them or sell. Please suggest something on it.
PRANAV SANGHAVI answers, Yes you could hold on.
Bad asked, What is your view for Idea Cellular, ITC and RPL for short term and long term
PRANAV SANGHAVI answers, I think Idea should gradually inch upwards. So also ITC. RPL will be a longer term play but it has moved up in the recent past.
veeraj asked, hiiiiii i m neww to the market i have just joined Motilal oswal as customer support executive is it gud for me as i hav tio make my carrier in share market
PRANAV SANGHAVI answers, The stock market can surely give you a lot of opportunities. You must take up courses and keep on learning about the markets to move ahead.
rajesh asked, I want sell IDBI share. I have physical share of IDBI. Can I sell in physical mode? Suggest me
PRANAV SANGHAVI answers, You can sell in physical form but you will get a rate about 5-7% below market levels. You should rather demat them and then sell to get market rates.
ais_indore asked, sir what to do ,i am short with nifty ,& it has gone 100 pts down
PRANAV SANGHAVI answers, If you have shorted and the nifty is 100 point below then cover it as the markets are rising.
rohit.prism asked, hi, what about Prism Cement @ 39/- & Mastek
PRANAV SANGHAVI answers, You could hold on to both.
HARSH asked, WHAT METHOD DO YOU FOLLOW WHEN U INVEST IN STOCKS : SMALL CAP AND LARGE CAPS?
PRANAV SANGHAVI answers, Essentially large caps. I do not follow small cap stocks barring a few.
kaushik asked, what abt unitech, ruchi infra n indiabulls real?
PRANAV SANGHAVI answers, You could hold on to Unitech and Indiabulls.
PRANAV SANGHAVI says, Well it is time for me to leave. Hope to catch you all next week.

Chat with Pranav every week!