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'Have Rs 1 lakh? Invest in these stocks'
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March 22, 2007 13:07 IST
Last Updated: March 22, 2007 14:41 IST

PRANAV SANGHAVI says, Hello and good afternoon to all. Let's begin the chat.

Vijay_P asked, How is UCO bank prospects? I have bought UCO shares at 30Rs/Share
PRANAV SANGHAVI answers,  at 2007-03-21 12:03:20I think all the public sector banks have taken quite a knocking with the recent policy changes. I think it would be a good hold for the long term but in the short term it could be volatile.
praveen asked, hi pavan how triveni and balrampur chini will run
PRANAV SANGHAVI answers, Hi Praveen, Triveni I dont follow and Balrampur I would stay away for atleast a 3 to 4 more quarters.
Gaurav asked, three stocks which one should buy now for 2-3 years perpective
PRANAV SANGHAVI answers, You could pick any of the leading Tech stocks like TCS, Infy and Wipro. Also you could look at genuine infrastructure stocks which have got hammered along with the newer issues. And as a contrarian view I am bullish on banks also with a 3 year view.
ram asked, hi pranav, good morning, i have balchi @85 what are its future prospects i can wait for 2 months..
PRANAV SANGHAVI answers, Hi Ram good afternoon to you too. I think you could exit the stock and look at a growth sector stock with strong fundamentals which has corrected substantially.As I mentioned in my previous few chats, I am not too bullish on sugar.
Gaurav asked, can you please let us know the sectors which looks expensive now ?
PRANAV SANGHAVI answers, I would rather look at sectors like cement, banks which are quoting far lower than the Index PE ratio. Most sectors have corrected sharply.
amu asked, Hi Whats future for Mindtree, any take on RPL .....?your suggestion please
PRANAV SANGHAVI answers, Hi Amu, I think Mindtree would be a good bet at lower levels around Rs. 600 to Rs. 650 with a longer term outlook. It has run up too much too soon. RPL is a longer term play. It commercial production starts in 2010 so you should see returns from 2009 onwards when the markets would discounts its next years earnings.
Gaurav asked, what should be the strategy for a long term investor. Should he wait for the market to stablise ?
PRANAV SANGHAVI answers, You can buy in smaller lots on the days when the markets are down. Because I don't think the correction is over. But invest with conviction and a long term outlook.
chander asked, hi,sir want to know that i buy 650 shares of bharat forge at 370 price now it is trading at 310 ,,waht is he iture of stocks
PRANAV SANGHAVI answers, I think it is a fundamentally strong stock and you should hold on.
hadu asked, Hi, I would like to do share business in high risk. But i donot know, how to start. Also now the stock market is down trend. is it favourable to invest money.Plaese can you Recommend the individual who will guide me.
PRANAV SANGHAVI answers, Yes it is always nicer to get in at corrections than when markets are making new highs. You should approach some F&O segment specialist who would guide you for high risk investments. A lot of the leading brokerages have detailed research based advice in the F&O segment.
win asked, how r the prospects of MRPL shares in the near/long term Most importantly i want to know the prospects of Market as a whole in the next 3-6 months.
PRANAV SANGHAVI answers, MRPL's performance will depend on the price movement in crude oil as it will affect its refining margins. Six months from now I think the markets will have stabilised and move upwards slowly.
Beowulf asked, Please, your views on MINDTREE..
PRANAV SANGHAVI answers, I just answered a similar query in my earlier replies please refer.
amitjain asked, i have 300 shares of IDEA at the rs of 75/-, what should i do, i can wait for one months
PRANAV SANGHAVI answers, If you are a short term investor then you should decide your short term profit target and exit when that is achived.
Ziya asked, How is Hinduj TMT Should i invest now for medium term or wait for dip?
PRANAV SANGHAVI answers, I would wiat for further dips.
amitjain asked, i have 270 share of balram pur chini @97/- should i average them
PRANAV SANGHAVI answers, Averaging a stock may give you a chance to exit with a minimal loss but I am not too bullish on the sugar sector in the near term.
Khan asked, what is your view on visaka ind & GMRinfra for result Q4
PRANAV SANGHAVI answers, I think GMR will post the results it has projected and Visaka I dont follow.
ravi asked, Tell me some good stocks to invest for 3-6 months,6 onths - 1 year, 1 year - 2 year. Thank u very much sir.
PRANAV SANGHAVI answers, You could look at frontline tech stocks, infrastructure stocks and select banking stocks.
JOHNMV asked, i HAVE RELIANCE COMMUNICATION @ 398 WHAT IS THE TARGET FOR 1-2 YEARS
PRANAV SANGHAVI answers, I think it should give you returns in excess of 20% in a years time.
surjil asked, i have purchase 600 share of hotel leela venture ltd at an avreage of 65 what is the furtures of the comanpany
PRANAV SANGHAVI answers, It has corrected along with other stocks but the hotel industry is doing well and Leela does have some expansion plans on the cards. So you could hold on.
ravi asked, i m planning to invest 1 lakh in stock market. Tell me some good company stocks to invest whiich will give me good returns in 6 months to 1 year.
PRANAV SANGHAVI answers, You could look at INfy, Wipro, TCS, L&T, BHEL, IDFC etc.
Venkata asked, Pranav, Is it wise decision to buy stocks of Mind Tree & Sobha Developers at this stage
PRANAV SANGHAVI answers, I would wiat for both to correct further. Mindtree has run up recently but its still highly valued.
JOHNMV asked, I WANT TO BUY SHARES FOR LONG TERM 1-5 YEARS AND BOUGHT VOLTAS @85, INFOSYS @2072, RELIANCE@1300, RELIANCE COMM@398, UTIBANK@443, INDIA BULL@485, IVRL@280 IS THERES SHARES ARE GOD
PRANAV SANGHAVI answers, Yes most of the stocks are good.
srinath asked, Hi, I Have Prism Cement 1000 nos of prism cement at 42. please tell the future of this share.
PRANAV SANGHAVI answers, The cement stocks' outcome will depend on the outcome of talks with the government. If they do bring in price controls then the cement sectors could correct further.
Venkata asked, What is your opinion on Cambridge Technologies (CAMTEC)
PRANAV SANGHAVI answers, I am sorry I don't follow that stock.
Anindya asked, what is your outlook for Infosys? I bought 390 Infy at 2030 avg price. Should I hold onto it.
PRANAV SANGHAVI answers, Yes hold on.
RamDongre asked, Sir,I have 100 shares of CromptonGreaves @ Rs 216.What should I do Hold or sell ?
PRANAV SANGHAVI answers, It had a spike over the last couple of days. I would hold on. Looks like there is some institutional buying.
Anusha asked, The market seems recovering at a slow pace
PRANAV SANGHAVI answers, Yes it will be a while before the markets continue their upward growth. The markets should remain range bound over the next couple of weeks atleast.
dev asked, sir, ihave 100 greave cotton in 130 . what should i do
PRANAV SANGHAVI answers, Hold on.
Share asked, wht is the short term prospect of ITC, Bank of India, Infosys etc
PRANAV SANGHAVI answers, The ITC stock has taken a substantial beating post the budget. Bank of India also has corrected. I would look at getting into these stocks at current levels. Infy is a hold too.
tejasvi asked, what is the future of sesa goa and first source
PRANAV SANGHAVI answers, I think Sesa should appreciate further once the stake sale takes place. Also it is a commodity that will witness good demand over the next few years. First Source is one of the leaders in its space and looks good with a long term outlook.
rajesh asked, sir i have 500 share of gujrat florochemicals @ Rs 550 wht should i do??
PRANAV SANGHAVI answers, If you are a long term investor hold on.
mohan asked, what u suggest for selling satyam &lok housing pl suggest for alchemist
PRANAV SANGHAVI answers, I think Satyam is a hold atleast till the March quarter results. Lok housing could be held but there are better plays in the same field. Alchemist I don't follow.
dev asked, should i book profit
PRANAV SANGHAVI answers, On what ?
et asked, which stocks(max 5 stocks) would give good returns(say 30-40%) in next one year?
PRANAV SANGHAVI answers, I have mentioned them in my previous replies please refer.
gautam asked, what is your view on HCL and in light of teh bonus split, what will be the price it will trade in teh next few days. It is currently at 300
PRANAV SANGHAVI answers, I think it is a good hold for the long term and post the bonus and the split it shud trade at a slight premium bonus and split adjusted price.
$crooge asked, I am a complete rookie in investing in the stock market although , i would like to learn more.....any tips??
PRANAV SANGHAVI answers, I would receommend taking on courses with the Training Institutes of BSE and NSE before you commence investing.
aa asked, hi
PRANAV SANGHAVI answers, Hi AA.
jam asked, how can i buy share online?
PRANAV SANGHAVI answers, You would need to open a trading account with any of the brokers who offer online trading.
manan asked, What is in store for Satyam & Voltas? How do you see them performing in next few years.
PRANAV SANGHAVI answers, I think both should move up as they have corrected substantially.
Novice asked, Do you think the market will touch a new high this year? If so what is the reason for your optimism in the light of negative global cues especially from US
PRANAV SANGHAVI answers, I think the markets could touch new highs towards the end of the year. i think the India Stroy is pretty much intact and more and more foreign players are looking at a piece of the pie in our country. Yes US is a leading economy and its slowing down could affect other economies negatively but the demand from India and China itself will be huge in the core sectors.
debasis asked, is this a good time to invest considering the market is so volatile?
PRANAV SANGHAVI answers, Select fundamentally stron frontline stocks could be looked at but with a longer term outlook.
ashu asked, i purchased idea cellular 100 shares @92. How is the future, shall i hold it for long term or not.
PRANAV SANGHAVI answers, You have picked it up closer to its highs. But in the longer term it should perform.
raja asked, Sir, I am Holding Hindalco and Neyveli Lignite wit losses of around 10,000. Pls suggest what to do?...
PRANAV SANGHAVI answers, Hindalco has corrected sharply and it may not recover in the short term post its global acquisition. Neyvelli could be held.
Anindya asked, what is your outlook for Infy??
PRANAV SANGHAVI answers, I am bullish on the stock.
rajeev asked, When is indiabulls real estate going to be liested
PRANAV SANGHAVI answers, In a short while, they will announce the date of listing.
mrugeshbhandare asked, hi pranav is there any possibility of TCS and TATA MOTORS getting dwn within some days
PRANAV SANGHAVI answers, They are index stocks so if the markets correct for whatever reason they could also move down along with the index. But fundamentally both are strong stocks.
ABHIJEET asked, u r opinion on SUGAR stocks
PRANAV SANGHAVI answers, I am bearish on the sugar stocks over the next 3 to 4 quarters atleast.
jsinghbhati asked, i have parsvnath at 500 150 shares, should i average or book loss, i do not hold too long generally
PRANAV SANGHAVI answers, I would book a loss and move to a qwuality realty stock.
rajeev asked, How is RIL looking at current level?
PRANAV SANGHAVI answers, You could look at it on dips. Longer term RIL looks good.
rp asked, when we can see 11500 mark
PRANAV SANGHAVI answers, If the global markets tank and the March end quarter results of our corporates also are lack lustre we could see it in a months time.
agaikar asked, I have 10 shares of union bank @rs93.. pls tell me abt its shortterm/longterm prospects
PRANAV SANGHAVI answers, You could hold on.
sai asked, what is the future of Hindustan Motors, Essar Steel & Blue Bird?
PRANAV SANGHAVI answers, Barring Blue Bird which I dont follow, you could hold on.
nishanth asked, any idea on prospects of hexaware technologies and ballarpur industries
PRANAV SANGHAVI answers, BILT could be held, it being the leading player in the paper sector in India. Hexaware also could be held.
maniit asked, i have JK Lakshmi cement @145 What do u predict of this stock
PRANAV SANGHAVI answers, It will have the same fate as most of the other cement stocks. A lot depends on the ongoing discussions between the cement manufacturers and the Government.
Khan asked, Hi pranav..what is your view on GMRinfra and visaka ind for Q4 result and abt TCS, infy
PRANAV SANGHAVI answers, Hi Khan, I think Infy and TCS should give out good results. As so should GMR. Visaka I dont follow sorry.
anil asked, what are the prospects of ITC ? If the burden can be passed on why this reaction in the stock?
PRANAV SANGHAVI answers, I think ITC is undervalued. Cigarrettes is no longer its main source of income. It is also into agri business, FMCG products and also in Hotels amongst other businesses.
puru asked, pranav ur take on IVRCL @ 295..Is there more downside?
PRANAV SANGHAVI answers, I think IVRCL is a quality infrastructure stock and can be looked at on dips with a long term outlook.
kishi asked, Hi Sir, What is the prospect of RNRL in near future.. i am holding 1000 shares @35.5..can i book loss and go for another counter..plz advice me..
PRANAV SANGHAVI answers, I don't think it should perform that well over the next few quarters unless there is news otherwise. You could switch to a growth stock.
samarth asked, Hi pranav, good afternoon, i have bought balchi 100@85, and nagarjuna constructions 100@182 i can wait for 2 more months.. what are its future prospects
PRANAV SANGHAVI answers, Hi Samarth, you could hold on to Nagarjuna but I would exit Bal Chini.
rahul asked, hi i have 344 shares of idea @75 what should i do?
PRANAV SANGHAVI answers, You could book partial profits and hold the balance for a long term.
ashish asked, what is the future of suzlon, long term and short term, both ?
PRANAV SANGHAVI answers, In the short term it should be range bound much like the Index but in the longer term it should perform.
supratimbasu asked, comment on IFCI for the day
PRANAV SANGHAVI answers, IFCI is a heavily traded scrip in the F&O sector and a lot of big players are active in the scrip. I would buy at levels around 25 with a 3 to 6 month outlook.
Baga asked, I want to invest at this point is it correct time?if yes which are the sectors?How about IDEA and Rel Comm?
PRANAV SANGHAVI answers, Rel Com is a good bet with a long term outlook and I would invest in parts on major correctional days.
ashish asked, is it a good time to enter cement stocks and infrastructure stocks, such as parsvnath devs ?
PRANAV SANGHAVI answers, I would wait for the outcome of talks between the government and the cement manufacturers and as far the Infra Sector is concerened I would look at quality stocks which are well below the 15 PE with a 1 year and above outlook.
Aryan asked, Hi Pranavji. How r u. Can u give me any tip for Intra Trading and Scrips name for IntraDay Trading?
PRANAV SANGHAVI answers, I am not a chartist so I cannot give you intra day tips, sorry.
archana asked, is it worth buying now IDEA @94??
PRANAV SANGHAVI answers, I would get in at levels closer to 80's.
manasi asked, wanted to know whats good to buy now, for longterm investment
PRANAV SANGHAVI answers, I would look at any of the frontline tech stocks.
PRANAV SANGHAVI says, Well it's time for me to leave. It was great chatting with you guys and hope to see you'll next week. Bye for now.

Chat with Pranav every week!
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