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Which stocks to buy, hold and sell

July 31, 2008 09:18 IST
After Tuesday's mayhem, traders on Wednesday had lots to cheer with Sensex closed 496 points at 14,287.

The Sensex opened with a huge postive gap and has maitained it through the day. Nifty too closed in the positive region.

In such volatile times, what strategy should you adopt? Which stocks to buy, sell and hold?

Stock market expert Pranav Sanghavi answers a few such queries...


PRANAV SANGHAVI says, Hello and good afternoon to everyone. Welcome to the chat, let's begin.

Sameer asked, Hi Pranav, I bought 20 bajaj hodling & investment shares at about Rs 740, It is currently trading at Rs 350. Though there are couple of good rallies in the share market, the shares of bajaj holding & Investment not at all moving forward compared to other frontline stocks. Do i need to hold it till it reaches those high level?. I bought the shares when it was named as "Bajaj auto". Please advice. Thanks
PRANAV SANGHAVI answers,  at 2008-07-30 15:51:48Just today there was a review of the stock on a news channel. You would have to hold on for a long time to see your price levels.
SRR asked, hi, I invested in follwong growth MFs. DSP ML T.I.G.E.R FUND, ICICI PRUDENTIAL INFRASTRUCTURE FUND, KOTAK OPPORTUNITIES. Please advice me whether these funds are good investment for handsome returns 3 to 5 years period. Shall i buy more units in these funds or buy other diversified funds. Please suggest. Thanks
PRANAV SANGHAVI answers, DSP Tiger especially has given stellar performance over the last few years. I would surely hold on to the fund. If you are investing with a 3 to 5 year outlook you will surely see decent profit in that time frame.
riyas asked, Hi Pranav, Are you bullish on IDFC, Varun shipping, Canara Bank, Jindal saw,Pantaloon Retail stocks. If yes, shall i buy these shares at 1 to 2 years outlook. Thanks
PRANAV SANGHAVI answers, I like all the stocks you mention. I would hold on surely.
Babu asked, What is your take on HDIL, Grasim, Tata chemicals, Techmahindra and ultratech cements. I have an 1 to 2 years investment horizon. Thanks.
PRANAV SANGHAVI answers, Barring HDIL I like all the stocks you have mentioned and can be held for the time frame you have mentioned.
jiljil asked,  Please advise the future of these companies for a period of 3-5 years – All Reliance Group Co's, TCS, T.Motors, Voltas,Tata Tele Mah,Rajesh Exports, Praj IndWalchandanagar Industries, Rolta India, Siemens, L&T, BHEL, Gujarat NRE Coke, Powergrid, NTPC, DLF, HDIL, Unitech,Asian Electronics, Alstom Projects,Jaiprakash Associates,GMR Infra,Valecha Eng,Elenco Eng,Mercantor Lines,Indian Hotels,M&M, Maruti,Appolo Tyres, IDFC, Sesa Goa,Religare Enterprises,Neveli Lignite,Petronet,
PRANAV SANGHAVI answers, I think you have asked way too many companies in one single question. I am afraid it won't be possible for me to give advice on that many stocks in one chat session as it won't be fair to other persons having posted queries.
Prabhu asked, Hi, I like to buy RPL, SAIL, NTPC, Sterlite. Shall i buy at CMP. I like to buy 100 shares each and can hold it for 1 year period. Please advice.
PRANAV SANGHAVI answers, You could have bought a small part of your total invesment plan on a day like yesterday when the markets were down by 500 odd points rather than a day like today where the markets are up by 500 points. Also, buy in parts and not at one go and most importantly buy it for 1 year and over only. I would still wait for a downward correction before jumping in.
Sid asked, should i hold BHEL 21 shares @ 1800
PRANAV SANGHAVI answers, Yes I would surely hold on.
Nikhil asked, What are the future prospects for ICICI bank,DLF?
PRANAV SANGHAVI answers, Despite the negative scenario for banks currently, I think ICICI bank will surely come out tops over a longer term. If you can look at the stock with a 1 to 2 year outlook then you can surely look at the stock. But buy on downswings in parts rather than at one go.
mintoo asked, plz tell me future or rpl. i have 3000 share or rpl @ 200
PRANAV SANGHAVI answers, Once the commercial production starts sometime this year or early next year the stock should see some jump in its price. You should be able to exit with a decent profit at that time.
javed asked, can i buy punj llyod?
PRANAV SANGHAVI answers, Punj Lloyd has finally posted decent results this quarter. You could surely look at it with a long term outlook. It had got beaten down hard over the past few months.
Rajan asked, I have Jai Corp @1050. Will Jai Corp prices go up following the nuclear deal ?
PRANAV SANGHAVI answers, I doubt it.
sirjhon asked, Is it Right time to book profits in Reliance natural
PRANAV SANGHAVI answers, If you are in profits you could as the legal battle with RIL looks like will go on for a long time.
vaishali asked, which shares will be good in near future according to you, i m confused about what to buy?
PRANAV SANGHAVI answers, If you are convinced that you will see higher levels on the index in the coming months then you should look at the frontline index stocks like RIL, L&T etc. They are the ones that will bounce back first if the index rises.
anshul asked, hi i have SBI @1610 and SBI@ 1079 wat shuold i do shuold i wait or sell?
PRANAV SANGHAVI answers, Your average rate is around the CMP. I would wiat for a while as I am pretty sure you will see a decent profit over 6 to 12 month period.
anup asked, Hi pranav, I have 85 shares of rajesh exports @ 85, the stock is moving very slowly. What do you think the prospects are for this. when should i sell. i have 50 shares of reliance power @ 156, what should be the target for this. I am looking at medium term profits for all my shares. Thanks anup
PRANAV SANGHAVI answers, Rajesh Exports you could look at booking profits and swithcing. R Power is surprisingly being added to the index stocks. It has yet to have a plant commissioned and it is being added to the index stocks. So the stock may get some boost by this virtue. Besides that the stock doesn't look to jump up till its plants are up by 2010. R Power is surely not a medium term buy.
brijinder asked, I am a fresher. I want to buy a few stocks. Kindly guide which would be the best to buy ?
PRANAV SANGHAVI answers, Stick with the index stocks. Buy in small parts and only on dips in the index. Do not buy when the markets are up.
SUSHIL asked, I BOUGHT L&T @ 2700 SHOULD I HOLD?
PRANAV SANGHAVI answers, Yes surely hold on. It is cum bonus plus it looks to continue to give decent results over the next few quarters despite the possible economic slowdown that is projected.
rao asked, Hi pranav, i would like to invest in Max, and NTPC at this level ,pl advice me sir.
PRANAV SANGHAVI answers, You could surely look at NTPC with a medium to long term outlook.
satish asked, which reality share is good to buy for short and long term ?
PRANAV SANGHAVI answers, I don't think you can look at realty stocks with a short term outlook. You could look at stocks like DLF, Unitech and even niche players like Orbit but only with a long term outlook.
LGANAPATHY asked, Hi Pranav, I have 1000 Nos IFCI bought at Rs.91/-. Can hold or sell? Advice. Also advice on Tata Teleservices?
PRANAV SANGHAVI answers, It looks very difficult at this stage for the stocks to reach those levels very soon. You could book a marginal loss on a rally and switch to a quality growth stock.
pranav asked, Please tell me your views on the future of telecom stocks i have rcom 100 shares @ 700
PRANAV SANGHAVI answers, Most of the telecom stocks have postedstellar results barring say Idea. Bharti posted extremely positive results. I am bullish on RCom also but only with a long term outlook.
sumit asked, i am holding 100 parsavnath developers for RS 145 plz tell me what to do
PRANAV SANGHAVI answers, Switch.
Ankit asked, I have to Invest near 20000 rs, whicg will be the best option
PRANAV SANGHAVI answers, Frontline index stocks in small parts on every day the markets have dipped like yesterday.
MANN asked, What is near future prospect of HCC?
PRANAV SANGHAVI answers, They have some very interesting projects nearing completion. Their Lavassa project which is a large township development near Pune which though is in partnership should yeild some good returns to the company over the next few years. I would look at the stock with a 2 year outlook.
atul_akbari@rediffmail.com asked, what is downside index and upside index for the year
PRANAV SANGHAVI answers, We have already seen a sub 13,000 index and on the top side we have seen around 18,000.
I think that is pretty much a broad range that the index could move in.
prasenjit asked, I want to buy the following stock.Please suggest wheather I buy them at current price or in some dip xl technology tata steel mangalore ref hdfc bank reliance power rpl powergrid reliance capital reliance communication rnrl LICHF
PRANAV SANGHAVI answers, Buy only on major dips and with a long term outlook. XL Tech, Tisco, HDFC, RPL, Powergrid, RCap, Rcom are some of the stocks you could look at from the ones you have mentioned.
Amar asked, how much target you suggest for Unitech, PrajInd and Aptech in short term?
PRANAV SANGHAVI answers, You could see a 10 to 25% return over the next 6 months on the stocks.
rahulmm asked, Can you please advise me about DHANUS TECH. I have bought 50nos at Rs. 140 each.
PRANAV SANGHAVI answers, I am sorry I don't follow the stocks so will not be able to help you.
Ponraj asked, My brother is going to get 250 shares from his company L&T. As per him each share he will get discount of around 30%(approx 800Rs).Is it true that companies offers shares in less price to their employees?Can i get some shares from him and which will be beneficial for me in current market situation?
PRANAV SANGHAVI answers, A lot of companies offer stock options to their employees as a benefit. The rate at which they are issued are almost always at a discount to the market. If they are stock options, I don't think you could be entitled to them.
Chetan asked, i am looking forward to buy some shares of education sector.Can you suggest me some good companies where i can invest?
PRANAV SANGHAVI answers, Educomp has been the stock to look at over the last few years since its listing. You could also look at Aptech, Jetking and some other education based stocks.
Jaideep asked, What is your take on power and energy stocks? Are they good for long term
PRANAV SANGHAVI answers, Yes surely. India is a extremely power hungry country and ther is a huge shortfall in supply over the demand.
siva asked, can we buy Petronet LNG, Guj NRE COKE now
PRANAV SANGHAVI answers, Buy when the markets correct a bit.
Rahul asked, I hold Ultra Tech Cement (20 Shares) and L&T 50 shares. DO I continue to hold or book profits
PRANAV SANGHAVI answers, Yes surely hold on.
Ashish asked, hi, whats the target for Sesagoa. I am ok with keeping it for na year from now. Will it go upto 1000 post bonus and split?
PRANAV SANGHAVI answers, I would surely continue to hold on. The stock has given phenominal returns over the last few years. The stock is currently quoting cum bonus and I would surely hold on with a long term outlook.
lob asked, How about buying NTPC,BHEL AND L&T at current levels ?
PRANAV SANGHAVI answers, I would buy in parts on days like yesterday with a long term outlook. All the three stocks you mention are quality stocks which could be held with a 1 to 2 year outlook.
mpdesai asked, when the sensex again goes to 13000& below, which scrps shhould we buy for the fast buck and the investment figure is Rs 5 lacs
PRANAV SANGHAVI answers, I would still go with the index stocks like RIL and L&T and SBI as they are the stocks which will spurce up the markets back up.
BHAVESHKOTHARI asked, i purched indiabull finance @ 95o/-plz tell me future of stock and tell me wether to sell aur purchase
PRANAV SANGHAVI answers, You would have to hold on for a long time to see decent profits.
vandan asked, hello, pls guide on rishi laser bought @ 170 should i average at current levels of 55-60???
PRANAV SANGHAVI answers, I don't follow that stock so will not be able to help you.
sundar asked, I am holding 100 shares of power Grid corporation at 118 , 100 shares of ICICI bank at 1160 . Should i sell it or hold it . Please assist me?
PRANAV SANGHAVI answers, You could average out ICICI at lower levels and hold on for a long term. Power Grid you will have to hold on for some while before you see decent profits.
praveen asked, what is your take on idea, GMR & KPIT for long term 12 months
PRANAV SANGHAVI answers, GMR you could surely look at with a long term out look.
jasmerprakash asked, hi what is the bottom level where one can enter. Presently i hv encoured approx 50% losses ever since i entered a 8 months ago when the market was at peak i.e.BSE20K
PRANAV SANGHAVI answers, You could surely look at investing close to previous lows of the markets.
whomi asked, Shall I keep adlabs and Torrent Pharma stocks ?
PRANAV SANGHAVI answers, Yes you could hold on to the stocks albiet with a long term outlook.
kannan asked, satyam computer is good for long term invest or not. iam holding 5o shares at 550/-.pls.answer
PRANAV SANGHAVI answers, Satyam like most of the other top 5 tech stocks ahs given decent results and also a decent guidance for the coming year. You could hold on.
rajender asked, I have 50 shares of ICICI bank @ 675/- please assist me should i sell it or hold...
PRANAV SANGHAVI answers, If you are a long term investor you can surely hold.
riju asked, hello i want to invest in the market what i need 2 do 1st
PRANAV SANGHAVI answers, First you need to take a few courses offered by the training institutes of the leading exchanges of India, BSE & NSE. Then you need to set up a trading account with a registered broker before you can invest in the markets.
MS asked, DO U BELIEVE THAT INDEX WILL TOUCH 8.5 TO 10k BEFORE DEC'08
PRANAV SANGHAVI answers, I seriously doubt that. Ofcourse the markets are completely un-predictable and anything is possible.
ishika asked, what is the future of jai corp please advise me i m holding it @1350 please i m waiting for the replay plzzzzzzzzzzzzzzzzzzzzzz answer it
PRANAV SANGHAVI answers, Jai Corp mayno trise to its previous highs very soon. It will take some time to go back up.
murali asked, Is Madras cements a good buy especially with a 1:1 bonus and stock split waiting to happen. How about teledata with an EPS of 13.05 and a price of 15.5. Why is this share languishing at such levels. Is Cipla a good buy at this level. What about tea stocks. Is there an upswing expected in tea stocks?
PRANAV SANGHAVI answers, I like all the stocks that you have mentioned. Teledata had announced a demerger and the shareholders were to receive some free stocks. But I am not sure they have allotted the shares already. The pharma sector has outperformed the markets by correcting at a lower rate than the markets. So you could look at the stock.
rupa asked, which stock is good for long term NTPC, SUZLONG ENERGY. pls tell me i am confused. Thanks......
PRANAV SANGHAVI answers, Both.
pranay asked, I have 1000 indiabulls securities at 100 , can you please let me know what to do ?
PRANAV SANGHAVI answers, I would hold on to the stock as they look to announce decent results for the next few quarters.
manoharan asked, Your views on SIEMENS and ABB
PRANAV SANGHAVI answers, Both stocks are good even though ABB did dissappoint a bit this quarter. I prefer L&T and BHEL in their peer group but you could still look at Siemens or ABB with a long term outlook.
fsgsfg asked, Hi L&T 70 shares at 3336, should i hold or sell
PRANAV SANGHAVI answers, You have got in very close to its previous highs. I would hold on as you shall be reducing costs through the 1:1 bonus issue.
AshishSG asked, How is Dena Bank Script from 1 yr prospective ?
PRANAV SANGHAVI answers, With the banking scenario looking a bit weak in the short term with the hikes in CRR and Repo rate. I would only sticks with the frontline leading banks like HDFC, ICICI and SBI. Although Dena has a decent balance sheet and an attractive PE ratio, in the short term I would not look at it.
manoharan asked, Can we start now stock picking or else we may miss the opportunity –your valuable guidance please
PRANAV SANGHAVI answers, You can buy quality stocks in small parts but only on major dips like yesterday.
PRANAV SANGHAVI says, It has been great chatting with you guys. But it's time for me to leave. Bye for now.