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In an hour-long chat on rediff.com, market expert Pranav Sanghavi talked about which stocks to buy and what to sell at a time when the Sensex is in the 15,000-range. Here is the transcript:
PRANAV SANGAHVI says, Good afternoon everyone and welcome to the chat.
kl asked, Hello, is it the right time to enter the market
PRANAV SANGAHVI answers, at 2007-07-25 12:06:14The markets are poised for a minor correction. I think that correction should be used to enter the markets.
lodha asked, Yr views on itc & hul
PRANAV SANGAHVI answers, I think the FMCG stocks have grossly underperformed the markets. With HUL (HLL [Get Quote]) announcing a buy back which may put some faith back in the investors and ITC looking to give good results, I think they should perform well, at least in the short term. Although I like ITC especially for the longer term also.
ajaygone asked, is better to sell off the andhra bank sahres
PRANAV SANGAHVI answers, If you are a longer term investor then you can hold on. With the interest rates looking to plateau if not come down in the near future, I think banks will perform well over the next few quarters.
ml asked, What do think about Bharat Electronics [Get Quote] ? Is it a good buy at these levels ?
PRANAV SANGAHVI answers, Yes, I think even at these levels it is a good play with a longer term view.
ml asked, Hi, Should I enter BHEL at these levels ?
PRANAV SANGAHVI answers, I think BHEL is also an excellent play in the capital goods segment along with L&T. It has a slightly lower PE ratio than L&T but its playing catch up.
ml asked, Shoudl I book profits/losses in IT ? When will IT come out of the bearish phase ?
PRANAV SANGAHVI answers, The dollar looks to weaken further in the short term. So, in the short term the IT companies may not perform in the short term but in the longer term, they will figure out a strategy to over come the rupee appreciation problem.
ml asked, What woudl be a good time to get out of cement stocks ? Will i get more profits if I look at a 1 year horizon?
PRANAV SANGAHVI answers, The cement stocks had moved up on good results and there was a feeling that the government may not interfere too much with the price regulations. But today again there is talks of MRTP action against the cement manufacturers for catelling. So again there may be negative impact on the stocks in the short term. In the longer term I still remain bullish on them.
ml asked, Is IFCI good to enter at these levels ?
PRANAV SANGAHVI answers, IFCI has had a phenomenal run from aroudn 20 levels to Rs. 60 levels. A correction in the script was expected. If you can hold on for 6 to 12 months you could get in at these levels.
Vikat asked, HI Sir, what are the future prospects of GMR infrastructure [Get Quote], IFCI and RNRL? can we buy it now? and what will be the time horizon?
PRANAV SANGAHVI answers, I GMR will be a leader in the listed entities in the infrastructure sector. It should out perform the markets over a longer term. RNRL again is a 2 to 3 year play.
ketan asked, Hello , Good Morning Mr Sanghvi...Market is really fired up...I want to invest, but certainly NOT at this level. Bcoz if i have missed these much, I cant make up at this level. Shall i enter at below 14000 index level which i consider safe to enter?
PRANAV SANGAHVI answers, Dear Ketan, good afternoon to you too. Rather than looking at Market levels I would suggest you look at the EPS and PE ratios of the company and compare it with the Index PE too. If you are getting a quality stock between a 12 to 15 PE it would surely be a buy whether the markets are at 16000 or 14000. But it would be wiser to enter at a correction where you would find stocks with such PE's.
ml asked, Is steel expected to contuinue its bull run within a 1 year outlook ?
PRANAV SANGAHVI answers, I think steel is an essential commodity in an economy like ours where infrastructure is going to remain a sector of focus for some years to come. So i think the demand of the steel will not die down but steel is a commodity and commodity prices are never in a constant increase. They are subject to fluctuations due to various factors.
Vikat asked, HOw is Allied Digital?
PRANAV SANGAHVI answers, The have declared their this quarters results which are about 25% higher than their projections. So if they do surpass their projections then the price could see steady rise.
Vikat asked, suggest some good bank stocks except ICICI, SBI [Get Quote] and HDFC [Get Quote]
PRANAV SANGAHVI answers, I would look at Vijaya Bank [Get Quote], Allahabad Bank [Get Quote], PNB, amongst a lot of others and even the Central Bank issue.
lodha asked, should we enter NTPC at current level
PRANAV SANGAHVI answers, I think NTPC will continue its performance which it has displayed over the past year or so. I would recommend a buy on any dips or corrections.
Thowfeek asked, Hi Mr.Pranav, I'm an NRI planning to enter in stock market. I can invest Rs.20000.00 every month. So what is the better option for me? In which sector will be on booming in coming year 2008?
PRANAV SANGAHVI answers, I would look at Banking, real estate, Telecom and Capital Goods sectors.
sanju asked, Kindly let should I hold or sell the following scrips. Bank of Baroda [Get Quote], Welspun, Gujrat Power Finance, IDBI, Hindalco [Get Quote], RPL
PRANAV SANGAHVI answers, You could hold on to them.
rajeev asked, is this right time to buy Reliance Petroleum [Get Quote] shares
PRANAV SANGAHVI answers, If you are a long term inestor yes.
Rahul asked, What about Hero Honda, i have its 100 shares @ 691, when its going to grow??
PRANAV SANGAHVI answers, i think till the interest rates move downards a bit the two wheeler sector may remain a bit of an underperformer.
zooni asked, Hello Sir,what to do with Hexaware Technologies [Get Quote] :I have 100 shares bought for 162Rs/share - Hold/Sell..for medium tem?
PRANAV SANGAHVI answers, You could hold.
aj asked, can u guide me on Khodays India
PRANAV SANGAHVI answers, Sorry, I don't follow that stock.
jafza asked, Sir plssss answer my Q I am holding substantial qty of shares in Wartsila and Yokogawa India and both the cos are de-listed Being NRI they did not send the buyback offer. I can hold on to the shares for few years � pls advise if it is advisable
PRANAV SANGAHVI answers, I would suggest you write to the companies and they may still buy back your shares. Alternatively, you could also write to the Investor Protection Forum. You will get details of the same on the BSE's website.
sasi asked, i have bought Wipro [Get Quote] (200 qty) at the rate of 587. Currently the price declined to 500 wat shall i do? And what will be the price after 3 to 4 months?
PRANAV SANGAHVI answers, I think it would take a little longer than that for you to make profits. So if you can you could hold on.
Raghavan asked, I have 400 shares of BALRAMPUR CHINI [Get Quote] @ Rs. 80/ share. What are the the prospects of this company with a 1-2 years outlook.?
PRANAV SANGAHVI answers, In the short term the company will reamin an underperformer unless the government comes out with sops for the sugar sector.
ABC asked, Dear sir, when do you expect this correction to happen?
PRANAV SANGAHVI answers, I thought it would come atleast a week back. But no one can predict accurately. There is excess liquidity in our system right now.
kiran asked, hi am kiran having polyplex of 500 @127.should i hold or sell for short term
PRANAV SANGAHVI answers, I thin you could switch to another stock.
Noel asked, Should I hold Ranbaxy [Get Quote] and L & T or sell
PRANAV SANGAHVI answers, Hold.
nikhil asked, What do you say about VISHAL RETail? Should I hold it or sell it? Purchased it for 764.00
PRANAV SANGAHVI answers, I think you could hold on.
venuabc asked, Hi Pranav, whether I need to hold the FORTIS HEALTHCARE [Get Quote] or not? I got the 100 shares @RS108 through IPO and now it is 88. Please advice.
PRANAV SANGAHVI answers, I think you should see a profit in a short time if you do hold on.
moonage asked, Hello... What is the outlook for ACC shares?
PRANAV SANGAHVI answers, Despite the governments interferences, I am still bullish on the sector. I think over the next two years they will give good resutls.
Harish asked, Hi Prabav... I am new in this business... Just tell me what is good for me, make daily transactions or keep the stock with me
PRANAV SANGAHVI answers, Definately the latter. Daily trading is nothing short of speculation.
codnameprofit asked, what tools/research can i use to pick good stocks for long term
PRANAV SANGAHVI answers, If by that you mean software then Bloomberg has a great terminal on offer. But it is expensive. You could also look at Capital Markets terminal which is pretty useful.
zooni asked, what would be the prospects of DLF for middle- long term?
PRANAV SANGAHVI answers, I think in the organised real estate sector DLF is the largest player. If they continue the performance as they have given this quarter then it will surely outperfomr the market.
asdf asked, Hi! Can u give ur views on Idea Cellular Ltd [Get Quote]. Its expected to give its quarterly results yesterday but i think its delayed. Wats the expected reslut by the end of this year
PRANAV SANGAHVI answers, I think the stock should steadily rise in the shadows of Bharti and RComm.
lalit asked, bought IFCI at Rs.60/- (3000) what is future??? rates coming down everyday???
PRANAV SANGAHVI answers, Unfortunately you bought at nearly the highest end of the price range. You will have to wiat it out for 3 to 6 months to see profits.
Manish asked, What is the future of bihar tubes... the financials of the company look strong..i bought it's shares at 96 rs .. now it is trading at 160+ will it be a multibagger over time..
PRANAV SANGAHVI answers, It already looks to be a mutibagger. But I don't follow the stock so will not be able to help you.
ajayg asked, Hi Pranav...just wanted to know what is your call on Tata Tea [Get Quote]? The stock went down quite a bit from 1000 level. What are the chances of it reaching that level? I have bought at 837. Thanks
PRANAV SANGAHVI answers, Tea is a cyclical sector although Tata Tea is a strong player with overseas acquisitions etc. You could hold on for 6 to 12 months.
arun asked, i want to enter market with either SIP's or mutual funds. i know the markets are doing really well. until when shud i wait to invest. is it still ok to invest at these levels
PRANAV SANGAHVI answers, If it is an SIP scheme you could start immediately. If you are putting one time in a MF then you oculd wait for a correction.
pankaj asked, sir ur views on unitech
PRANAV SANGAHVI answers, I think it is a strong player in its sector and in the longer temr should yeild good returns.
AMBALAL asked, I HAVE 550 SHARE ,SO I CAN BYE MORE WHAT FUTURE TARGET
PRANAV SANGAHVI answers, If you told me which share then it would help.
mohis asked, what about thomas cook
PRANAV SANGAHVI answers, You could hold.
Manish asked, any cues on moser baer..
PRANAV SANGAHVI answers, Should continue its good performance in the future as well.
subodh asked, wat about suzlon..bought at price of 1545 and sail at 163..wat to do
PRANAV SANGAHVI answers, I would enter at corrections and hold ideally for 6 to 12 months atleast.
Rabin asked, Hello Pranav..i m purchase bajaj hind @ 298 now rate is @ 160 ..please suggest what can io do...
PRANAV SANGAHVI answers, You would need to switch to another sector.
avneet asked, can u advice me on cambridge solutions & Hindustan contstruction
PRANAV SANGAHVI answers, Cambridge I don't follow. But you could surely hold on to HCC.
needinfo asked, I got Patel Engg stocks at Rs 440 in FPO more than a year back ..Stock is moving around 460. Should I sell or HOLD ?
PRANAV SANGAHVI answers, You could book profit and get into a growth sector.
aj asked, Suzlon [Get Quote] looks like it is going the ABB way so keep it for long term lot of stroies undercover in suzlon?
PRANAV SANGAHVI answers, Yes i think Suzlon should perform well over a longer time frame.
jain asked, Is it right time to invest into tax saving ELSS mutual funds instead of investing in december? Please note market is at 15,800 levels now almost
PRANAV SANGAHVI answers, When the markets do correct you could invest in the schemes.
Rajuji asked, Hi ! PRANAV, How is kirloskar ferrous at 44 Any idea
PRANAV SANGAHVI answers, Hi Rajuji, you could look at it with a 12 month outlook.
codnameprofit asked, hiw is L&T long term 5-10 yrs
PRANAV SANGAHVI answers, I think it will remain a strong performer.
arun asked, have bought wipro @ 539, aptech @359 and bata @175. shud i hold r sell.
PRANAV SANGAHVI answers, For the short term the IT sector might not perform so you could switch those stocks. In the longer term you could surely hold on.
Tappi asked, Please comment on Air Deccan, Satyam [Get Quote] and Zee Entertainment. I am holding futures of all 3. Thank you
PRANAV SANGAHVI answers, I think Air Deccan is in the consolidation phase post the acquisition by Kingfisher. Zee has been rising rapidly over the past month or so. So it will cool off a little bit. Satyam is the only IT stock which has performed marginally as compared with the other IT stocks.
subodh asked, wat about indian oil corporation..i have bought at 455 level..shld i hold
PRANAV SANGAHVI answers, I think you could hold on.
Rahul asked, What about Pharma Companies? i have 50 shares of Orchid Chemicles @ 245, ands its growing in south direction
PRANAV SANGAHVI answers, You could hold on to Orchid but with a longer time frame. It is a decent player in the mid level pharma companies.
atul asked, good afternoon
PRANAV SANGAHVI answers, Hi Atul, good afternoon to you too. What is your query today?
Harish asked, May I have your email id or cell phone no. Pls
PRANAV SANGAHVI answers, Please contact Rediff and they shall provide you my email id. Thank you.
pradeep asked, i have Parsvnath Developers [Get Quote] share should i hold it or sell??
PRANAV SANGAHVI answers, You could swithc to a Unitech or DLF when the markets correct.
Don asked, Hi Pranav, How r u? Whats ur opinion about Zylog Systems and Central Bank IPOs?
PRANAV SANGAHVI answers, Hi Don, I think both the IPOs are resonably priced and could surley be looked at.
Sandeep asked, Should I book profit in voltas
PRANAV SANGAHVI answers, It has outperformed the amrket over the past year. I think it should continue its performace with the huge thrust on developing infrastructure.
abc123 asked, Hi Pranav .. what is your view on Mid-Day Multimedia [Get Quote]
PRANAV SANGAHVI answers, I quite like the stock but somehow it has found it difficult to breal the 52.50 levels and then the 60 levels. It has been range bound for a very long time now.
bhushan asked, hi Pranav, what r ur views on Ahmednagar Forgings [Get Quote], AstraZeneca Pharma and Alfa Laval?I am holding them for 10+ yrs..
PRANAV SANGAHVI answers, I would surely hold on to the stocks you have mentioned.
deepa asked, can u please guide should i keep aurbindo pharma or not ihave 3000 shares
PRANAV SANGAHVI answers, I would need to know at what rate have you purchased them and how much time you have been holding.
nikhil asked, What do you say about VISHAL RETail? Should I hold it or sell it? Purchased it for 764.00
PRANAV SANGAHVI answers, I would hold on.
isreedharreddy asked, have bought Pritish Nandy Comm @ 103.5, Hindustan Sanitary @ 87.3. can you pls suggest me to hold or sell,i can wait for 3-6 months
PRANAV SANGAHVI answers, You could hold for 6 to 12 months.
DDS asked, WHAT DO YOU THINK ABOUT ITC I HAVE 100 SHARE @200 PER SHARE SHOULD I HOLD OR SELL
PRANAV SANGAHVI answers, You would need to hold them for a bit longer. mayb e in 6 to 12 months you will see a profit.
Don asked, Which stocks do u think are good to invest at a correction in near future?
PRANAV SANGAHVI answers, I would look at most of the frontline stocks like L&T, RIL [Get Quote], Bharti, SBI, HDFC, etc.
needinfor asked, ICICI Bank [Get Quote] stock -- How much return can we expect in 6 - 12 months ..Should I sell now ?
PRANAV SANGAHVI answers, I think you could easily look at a 20 to 30% return on the stock.
PRANAV SANGAHVI says, Well it was great chatting with you all but I must leave now. Hope to see you'll next week. Bye.
Chat with Pranav every week!
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