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The Sensex opened 67 points higher at 14,611 on Wednesday.
After exhibiting lacklustre movement for most part of the day, the index moved up to a high of 14,746, backed by smart gains in telecom, realty and metal stocks.
The Sensex finally ended with a gain of 135 points at 14,678. In the process, the index on Wednesday broke its five-day losing streak wherein the index had shed 960 points.
The Sensex had closed down 102 points on Tuesday.
In such volatile times, what strategy should you adopt? Which stocks to buy, sell and hold?
In an hour-long chat on rediff.com on Wednesday, market expert Pranav Sanghavi replied to many such readers' queries. Here is the transcript:
PRANAV SANGHAVI answers, at 2008-08-20 15:49:42I don't IFCI will run away anywhere soon. It will take a lot of time to moveup and that too if any positiv news on disinvestment turns up. It's last qurterly result was dissappointing.
Koustav asked, Hi i am holding Script of RNRL, RPL and RCOM. DO i hold these. In the current scenario which are the sectors should i need to focus , Banking , Infrastructure, FMCG or Pharma or Telecommunication
PRANAV SANGHAVI answers, As I hae mentioned earlier RNRL is a stock deendent on the outcome of it's legal battle with RIL [Get Quote]. RPL will move marginally up depending on crude prices as the date of its commercial production comes up. RCom could be looked at with a long term outlook.
rajkraj asked, Will Rel Power touch earliest low ?
PRANAV SANGHAVI answers, Currently it does not have much going for it. Till its power plant get commissioned the stock won't move much up.
nag asked, Hi i am having TCS [Get Quote] 100 shares what to do
PRANAV SANGHAVI answers, I would hold on.
Vikram asked, Hi Pranav, I have 150 RNRL at 146. Can I get my money back atleast...?
PRANAV SANGHAVI answers, It will all depend on the outcome of the court case the company s fightingwith RIL over the Gas reserves.
peruma asked, ril, infosys, south indian bank, gtc, shree precoated steel, to hold or to sell at current rate whether these shares go up or not
PRANAV SANGHAVI answers, If you are a long term investor you coul hold on to them. If you ar a short term investor you could book proifts partially if the markets go up above 15,000 levels. RIL, Infy are good stocks to hold on to.
VCLINGAM asked, Hi, how abt rel infra, auropharma & jp associate?
PRANAV SANGHAVI answers, I would not look at the stocks at this juncture of the markets.
anil asked, hi, want to know whether to enter arvind mills at current levels
PRANAV SANGHAVI answers, The textile stocks have long underperformed the markets. I would not look at it right now.
RAJ asked, WHAT ABT RPL. SHOUD BUY, DELL OR HOLD
PRANAV SANGHAVI answers, If you buy with a 1 to 2 year out look then you can look at the stock. I would still wait for dips to get in though.
sanjit asked, sir i want to purchase sail what about this
PRANAV SANGHAVI answers, Steel is a metal commodity stock and metals are cyclical in nature. A lot of factors affect the steel stocks, the demand suppl, the prevailing market rates, global metal markets etc. If you are a long term player you can look at acquiring on dips in parts.
bhaskar asked, Sir, please tell me can i buy L&T at this time
PRANAV SANGHAVI answers, You could look at the stock with a 6 to 12 month outlook.
san asked, want to buy bank share? pl. advise.
PRANAV SANGHAVI answers, Look at the frontline stocks who have a steady track of profit growth like SBI [Get Quote], HDFC [Get Quote], ICICI etc. Don't look at smaller banks in he current scnario.
Viraj asked, I would like to invest about Rs.10K per month in some good stocks for a medium to long term gain in 3-5 years time. What stocks do you suggest ? I already have invested in SBI, IDFC [Get Quote], NTPC, RIL, TISCO [Get Quote], Tata Tele, IDBI, Foseco, DLF & Unitch.
PRANAV SANGHAVI answers, I think barring a couple of stocks you have made good choices of stocks. I would suggest you take up a SIP witha large cap diversified fund.
bh asked, have bought 50 shares of Unitech at 355, looking to buy more at current level?whts ur say sir?
PRANAV SANGHAVI answers, Only invest with a long term outlook.
tanny asked, 100 shares of indiabulls financial @375. What is its future?
PRANAV SANGHAVI answers, They are growing at an aggressive pace. If you can look at it with a 6 month to 1 year outlook you can look a it.
san asked, hi, whether to hold or sell ultratech cement shares.
PRANAV SANGHAVI answers, I would surely hold on to them.
kheminder asked, My Portfolio-Ril 32@2300,L&t 35@2900,SBI100@1515,ONGC80@1050,TCS 125@900,GSK [Get Quote] Pharma 50@1100,Pfizer [Get Quote] 52@635,RELPOWER125@225, Please advise,what to hold and what to exit
PRANAV SANGHAVI answers, You could switch GSK Pharma and Rel Power to better qulity stocks from their peer group. All the other stocks I would hold on to.
govind asked, i would like to invest in hotel sector.which are the best shares in this field
PRANAV SANGHAVI answers, Although Indian Hotels has corrected a lot over the past few weeks I still like the stock. I think with a 1 to 2 year outlook one can surely look a it.
vip asked, hi pranav i had bought hdil @ 455 now its 401 should i sell or hold bonus is 7:2. biocon @ 395 should i hold or sell jp hydro bought @ 87 sell or hold?
PRANAV SANGHAVI answers, HDIL could be held for bonus and then post bonus you could sell once in profits. Biocon [Get Quote] Could be held but only with a long term outlook. JP Hydo you could switch to a better quality stock.
Sunny asked, I have Rs 1 00 000 to invest for next 70 days I except a return of 7 % atleast, Please let me know which stocks to buy
PRANAV SANGHAVI answers, I would wait for te markets to correct and then look at the fontline index heavy stocks.
ritu asked, HI I bought DLF at 679, what to do with it?
PRANAV SANGHAVI answers, It has fallen by over 50% from its highs. I still like the stock but you will have to look at it with a long term perspective. As in the short term the stock will not shoot up with the current real estate scenario in the country.
vinayak asked, Pls advice on Nerolac for a time frame of 1 yr
PRANAV SANGHAVI answers, It is a consumer based stock being a player in the paints segment. Asian paints [Get Quote] is one of its largest competitors and in the current scenariop it may no outperform the market.
susi. asked, hi pranav, Everonn at current price buy/sell/hold?
PRANAV SANGHAVI answers, I am sorry I don't follow the stock so will not be able to help you.
idea cellular asked, hi what about taladata informatics
PRANAV SANGHAVI answers, Teledata was to issue sares of 3 wholly owned subsidiaries of the company. It had applied to the Courts for the demerger. I have not heard from the company since. I think one should hold if the shares are actualy being issued.
sarika asked, I ahev jai corporation what is your opinion on these shares?
PRANAV SANGHAVI answers, I wouldn't hold on to the share for the short term. There was a rumor of a SEZ development, if that is truly happening then one will see returns over a 1 to 3 year term.
sekuri asked, hello-your insights are highly aprreciated. Can u pleaase share your thoughts on logistics industry-is it good? If so can u suggest some good stocks?-
PRANAV SANGHAVI answers, Normally the shippingand logistics sctors are of cyclical nature. The shipping industry has witnessed tremndous growth in volumes and it may slow down only marginally. Simillarly, the logistics sector in India may witnss a minor downturn in the short term but over a longer term they will see higher volume movement.
raja asked, can u tell me your views for HDIL,DLF and TCS ?
PRANAV SANGHAVI answers, Of the three stocks I like TCS, DLF especially in that order. I would hold on the TCS and look at dips to acquire DLF alhough with a long term outlook.
ramana asked, I have purchased Biocon at 397 on 19th August. Will i qualify for the bonus share
PRANAV SANGHAVI answers, You will receive the bonus shares if you the shares get credited into your demat account before the record date that the company has announed.
asim asked, I would like to invest Rs 20,000/- in one of the power sector stocks and will keep it for 5 years. Please tell me the best stock in this sector to invest for this period.
PRANAV SANGHAVI answers, I would look at either NTPC or Tata Power [Get Quote].
rahul asked, which stock one must have in his portfolio for 5-6 years term
PRANAV SANGHAVI answers, The frontline index stocks like SBI, L&T, RIL etc.
jayesh asked, hi, i hv ICICI/750, please suggest to hold or sell?
PRANAV SANGHAVI answers, I would surely hold on. In the short term you may see some weakness due t hike in CRR ratio's, Repo rates and high interest rates. But in the long term you will surel see better levels on the stock.
sundarpm asked, Sir What are the future prospects ( 3-5 yr horizon ) of Reliance Petroleum [Get Quote] , PUNJLLOYD, NMDC, HDIL, Yes Bank [Get Quote] , Nagarjuna construction and BGR ENERGY . I am holding these shares? Whthere I will hold it or any change I will do ?Please give ur adivice
PRANAV SANGHAVI answers, You should see a decent return on your ivestments over that time frame.
dk asked, Dear Pranav, I've purchased 100 shares each of RPL,ntpc,gmr, dlf,omaxe,sail,tata steel,Rel. Power,uco,dena bank at the time when mkt was over 20k and have lost substanial amount. I can hold for another 2-3 years. Kindly suggest.
PRANAV SANGHAVI answers, You could have bought ore at lower levels to average out. If you can wait for that time frame you should be able to minimize your losses.
kanubhai asked, ESSAROIL @ 225 ..what to do???
PRANAV SANGHAVI answers, I would surely hold on.
Avinash asked, hi, i have nagarjuna fertilizer share at 39Rs at wat prize i can sell it in this volatile market
PRANAV SANGHAVI answers, I would hold on as the government is cming out with details on the subsidies for the fertilizer sctor.
Bhatt Prakash asked, Hi Pranav. I lost around Rs. 70000/- with in 6 months. i am holding bank of baroda 100, ICICI Bank [Get Quote] 70, Punj lloyd [Get Quote] 150, idea cel. 200, NTPC 100, R Power 100, RPL 100, R COM 150, GMR 100, is it ok or should i change my portfolio
PRANAV SANGHAVI answers, I think if you can hold on for 6 to 12 more months you should recovr your losses and see some profits.
timus asked, your opinion about glenmark and sesagoa ?
PRANAV SANGHAVI answers, I would surely pick Sesa Goa [Get Quote]. Sesa may remain range bound as the short term traders will book profits and sell once the bonus and split shares are received by them.
jyoti asked, can u kindly tell me what exactly means buyback issues of the company. Is it anything to do with public equities. Is there any buyback plans of Ranbaxy [Get Quote].
PRANAV SANGHAVI answers, If a company annoucnes a buy back it means nothing but that the company will buy its stock from the public. It needs to seek various ermissions and approvals before doi the same. If they are planning to purchase from the open market then the price is close to market levels and if they plan to buy at a premium to the market price then it is through an offer ot the shareholders directly. The second method signals bullishness of the management in the company as it fels the stocks is under valued.
PRANAV SANGHAVI says, Well it is time for me to leave. Bye for now.
Chat with Pranav every Wednesday at 4 pm
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