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'Gold prices to soar steadily'

October 05, 2006 14:36 IST
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PRANAV SANGHAVI says, Good afternoon everyone. Regret the slight delay. Let's begin the chat.


Sunil asked, Hi Pranav. A recent CLSA survey (unpublished) expects markets to touch 40000 mark in the coming 6-7 years. Whats your take on this? Do you think it is possible?
PRANAV SANGHAVI answers, If the corporates keep performing as they are and no major external factors affect the markets, yes it could touch that figure. But a singular rise without corrections is not healthy.


navjot asked, Will the market touch 13000 mark this month
PRANAV SANGHAVI answers, The markets will rally for the the Diwali and September quarter results. But the results won't justify a 13,000 mark according to me.


SACHI asked, GOOD MORNING Tell me the prospect of GTL in near future.
PRANAV SANGHAVI answers, Good afternoon. I would not delve into that stock. I much prefer a frontline like Bharti Tele.


kin asked, wat do u say about dcb ipo...at wat price will it open according to you on day 1...n wat do you feel bout its future?
PRANAV SANGHAVI answers, I would need to go through the company's prospectus to give you an accurate reply. Do email me your query for me to revert back.


kyne asked, hi can u tell me if relcap will continue its upward march
PRANAV SANGHAVI answers, Reliance Capital has ambitious plans for the future. Plus they have made a lot of disparate investments which should yeild returns in the future. If the profits keep rising, it could continue.


SACHI asked, Is this time for book profit or hold for some time.
PRANAV SANGHAVI answers, Well the small correction did come over the past couple of days. But theres been heavy selling by the FII's in all th esegments. So, I would be cautious.


vinita asked, hi pranav...wht r ur views on petronet lng?shud we enter at this stage?
PRANAV SANGHAVI answers, I would buy in a dip. Today it is on a buyers circuit. It would not be advisable to enter at this stage.


suresh asked, what are the best midcap stocks to buy?
PRANAV SANGHAVI answers, There are a lot of them around. IDFC, MTNL, Syndicate Bank, Midday Multimedia, Praj Industries and many more.


kin asked, wat do you say about gold prices?and how do you see them say 6-8 months from now?
PRANAV SANGHAVI answers, Gold demand from India and China over the next couple of years could increase gradually. I see the prices rising steadily.


sid asked, I am holding Tech Mahindra stock at 605 per share. What is the prospect of this stock over long run?
PRANAV SANGHAVI answers, I think it is a fundamentally strong stock and you could hold on. Currently it is hovering at Rs. 620 levels.


tabassum asked, hi pranav you are good looking
PRANAV SANGHAVI answers, Hi, I much rather discuss stock related queries, thank you.


guru asked, Hi Pranav, Greetings for the day! Please let me know whether it's yet safe to trade in derivatives in Indian markets considering that no long term positions could be taken as of now.
PRANAV SANGHAVI answers, Hi Guru. Same to you. Yes derivatives as an instrument can yeild better returns than equity if you invest carefully. As a thumb rule, the derivative volumes are more than 4 times that of equity volumes in most developed markets.


Prakash asked, Where the market is heading for from current levels. WIll it sustain at this level keeping the economic growth in the progress
PRANAV SANGHAVI answers, I am pretty bullish on our markets and our economy. I don't forsee a problem with either of them performing over the next 4 to 5 years atlest.


guru asked, Pranav, where would you speculate the market in lon term, say after 3-5 years? Would it cross much over 20K or would be a pendulam between 15K-18K?
PRANAV SANGHAVI answers, Yes it could.


SACHI asked, Syndicate Bank brought @ 75/- now I will sell or hold.
PRANAV SANGHAVI answers, Yes you could hold.


pravin asked, goodafternoon.My question is i have Petronet LNG @55;should i hold or sell at current rate.Thanks
PRANAV SANGHAVI answers, It is on a buyers circuit today, I guess you could hold for a short time.


Gaurav asked, Pranav.....wht abt the prospectus of Hind Zinc........medium(6 months) to long term......may be 3 years or so
PRANAV SANGHAVI answers, Although it is a metal stock and its price movements will be ruled by movements in the metal indices world over, I think Hind Zinc is a good bet for a 3 year period.


umesh asked, Good Morning Sir, our market is skyrocketing nowadays & achieve a new milestone. Will this momentum is going on? Is this is the right time to buy a share or hold for some time
PRANAV SANGHAVI answers, One can never predict a right time or a wrong time. You should always try an buy on corrections and dips.


fordsakeofu asked, tell me whether i will sell or hold kalindee rail
PRANAV SANGHAVI answers, I am sorry, I don't follow that stock, so will not be able to help you.


umesh asked, I have bought 100 shares of BEPL @ Rs. 369.50 can I hold this or sell. Pls. suggest
PRANAV SANGHAVI answers, Which script are you referring to?


hyder asked, hi,please explain about the advantage of SIP
PRANAV SANGHAVI answers, I have written an article on SIP based investments on Rediff's Business Columns section. Do go through the same.


umesh asked, sorry it have invested in BPCL instead of BEPL
PRANAV SANGHAVI answers, BPCL's margins will depend on movements in the crude oil prices. As the crude prices were moving downwards the stock moved up.


reddy asked, could you plz suggest best MF's?
PRANAV SANGHAVI answers, There are various providers like SBI Mutual, HDFC, Templeton etc. I would recommend you do your study and see the past performance and then invest.


kharbanda asked, Good afternoon. can i take Gujrat ambuja cement at current price of Rs. 118.
PRANAV SANGHAVI answers, Good afternoon. Yes you could invest at current levels for a longer term.


dd asked, I have infosys at 1544, what should i do now, should i sell and book profit or wait for some more time.
PRANAV SANGHAVI answers, I would hold on.


hnrao asked, Is it the right time to enter Nectar Life Sciences
PRANAV SANGHAVI answers, I am sorry I don't follow that stock.


dd asked, what is the future prospects of star paper. I bought at 82, but now it is at 46. what should i do.
PRANAV SANGHAVI answers, Switch to a frontline paper stock like BILT.


oka asked, GAFLA- is a film on stock market scam. Will you see this film.
PRANAV SANGHAVI answers, Of course I will.


kharbanda asked, i have 65 shares of infosys @ Rs.1808. At what rate should i sell?
PRANAV SANGHAVI answers, I would hold on.


Lodha asked, Suggest about investment in HOEC, Upper Ganges
PRANAV SANGHAVI answers, HOEC is a fundamentally strong stock, you could look at it. Upper Ganges I don't follow, sorry.


Dr_Thiyagarajan asked, i bought shares in ramanewsprints is it worth to keep
PRANAV SANGHAVI answers, Yes you could hold on.


mubsy asked, HOW ABOUT HOLDING ADANI EXPORTS,FINANCIAL TECH,STERLITE OPTICALS,RPL,RNRL AND CALSOFT FOR LONG TERM , SAY 2 YRS.?
PRANAV SANGHAVI answers, The first two stocks are great to hold on. You could switch the others to growth stocks.


Anshu asked, Hi Pranav, any idea on the quarterly results of bajaj auto and LT
PRANAV SANGHAVI answers, Hi, both will give good quarterly results, although of the last couple of months, unit sales of Baja have fallen slightly. L&T will show strong growth.


Vignesh asked, Pranav..What is your call on the market for a month down the line ? I'm PUT with 10 LOTS at 3550.
PRANAV SANGHAVI answers, I think on and around Diwali time we could see an all time high of the SENSEX.


raam asked, hi sir, i have bought bharti and tisco fut @ 473 and 536 respectively.what do i do?
PRANAV SANGHAVI answers, Hold on. You could carry it forward to the next months if you have not met your profit targets.


Akhilesh asked, I have bought Orient Paper @602 on 22-sep.. what should i do...
PRANAV SANGHAVI answers, It is around the same levels. It is up a good amount today. You could book profit in the future and switch.


Vignesh asked, What is your take on MCDOWELLs and GM BREWERIES ? Would u suggest any other Brewery companies ?
PRANAV SANGHAVI answers, You could hold on the McDowell and United Breweries holding. GM Breweries I don't know if you should. There is another company you could look at Champagne India.


Anshu asked, Hi Pranav,I am holding hindalco (bought at 173 and havells (bought at 300) how do u see both going forward ?
PRANAV SANGHAVI answers, Hi Anshu, Hindalco will rise steadily, you could hold on.


Stocky asked, hello
PRANAV SANGHAVI answers, Hello.


Stocky asked, hello
PRANAV SANGHAVI answers, Hello.


anil asked,  DCB and Hunang toys how are these new issues? will U apply?
PRANAV SANGHAVI answers, No. I would wait and watch a few quarterly results before I do.


anil asked, we see lot of action in IDFC is it worth etering at this time for 2-3 years projection?
PRANAV SANGHAVI answers, I had recommended IDFC since my first chat since it was hovering around Rs. 50 levels. I am still bullish on it.


tanu asked, hello
PRANAV SANGHAVI answers, Hello.


Kiran asked, Is DCB Ipo is good one to apply.
PRANAV SANGHAVI answers, There are much better banks available already. But you could look at it.


arun asked, hi , how is the future prospectus of HCL Infosystems Thanks Arun
PRANAV SANGHAVI answers, I think it is going through some changes and should give a decent profit growth.


tanu asked, hi pranav, everybody saying that the market will touch 13000 before diwali, whts yr opinion?
PRANAV SANGHAVI answers, The market is unpredictable. But historically at Diwali time the markets have risen. Plus this is the season of September quarter results which will give a direction to the market.


SMITA asked, Hi pranavji Good Afternoon I have following shares are now : Essar Oil 600 shares @Rs. 45 Hind. Const. 105.65 - 100 shares Sonata Soft Rs. 33 - 200 shares Hindalco - Rs. 170.46 - 100 shares Noida Toll - 44.75 - 350 shares I'm worried about Noida Toll. Tell me the target and please ... please answer me about my all shares. Evertime I had put questions but i did not get reply from expert. thanks and regards Smita
PRANAV SANGHAVI answers, Hi Smita. Good afternoon. Essar Oil, HInd Const., Hindalco could be held. You could switch the other two to frontline stocks.


KiranG asked, Is DCB is good one for IPO
PRANAV SANGHAVI answers, You could look at it.


rahil asked, have 100 l&t at 1150 what to do with it?
PRANAV SANGHAVI answers, Please hold.


BPrakash asked, WHere is the market is heading for from current levels. Keeping in mind that our economy is growing with a decent phase. WHther the market at current levels will sustain
PRANAV SANGHAVI answers, I think it will not only sustain but it will conslidate and rise steadily.


jain.ritesh asked, i have vsnl @426 now it is 401 in what time it will recover ?
PRANAV SANGHAVI answers, Well I cannot tell you when it will recover but it could breach that mark in the near future.


parvez asked, Parvez, Hi pranav, I had Trivini Engg 200 nos I had bought this at 110, now it is not doing good, what to do with this stock & tell me about the future propestus of India cement
PRANAV SANGHAVI answers, Hi Parvez. You could switch Triveni Eng. to a growth stock. India cements you could hold on to. Cement sector should perform well in the future.


vinay asked, present market going up,is there any chance of correction
PRANAV SANGHAVI answers, Corrections are a part of the game. We did see a slight correction over the last couple of days. But it could correct further.


ppravin asked, I have invested in relience natural resources ltd. how it will perform in next 6 months?
PRANAV SANGHAVI answers, You will have to wait and see it's results and the company plans.


yogi asked, hi pranav ,i' m holding SBI,infosys shares. can u tell me abt their future growth. shall i go for nay tyre manufcturer company whaich one wud be better?
PRANAV SANGHAVI answers, Hold on to both. You could look at MRF.


shilpi asked, hello can u tell us what shares in mid cap are gud bets
PRANAV SANGHAVI answers, I have answered this query in my previous chats and in the this one too. Please refer.


ram asked, The peak BSE sensex during mid May is almost back within 5 months which nobody expected so soon atleast. What is the mid term sensex value say over next 4-6 months time.
PRANAV SANGHAVI answers, Post March 2007 it could breach the 13,000 index IF the companies continue their growth performance in profits.


kksharma asked, Hi Pranav, How do you rate Surya Pharmaceuticals ,RPL & TVS suzuki for next 3 to 6 months as investment options ?Thanks
PRANAV SANGHAVI answers, TVS motors has been steadily increasing its monthly unit sales figures. You could hold on.


amir asked, i want to invest in share market,how its work
PRANAV SANGHAVI answers, First you need to go through a couple of basic courses offered by Training Institutes of both the leading exchanges of India. And then contact a broker who could guide you.


arun asked, i have ING Vysya bank with me and i am making about 15% profit in it , should i hold it or sell it
PRANAV SANGHAVI answers, You could hold it.


Stocky asked, hi pranav, what do u recommend for hero honda in short term and medium term, sell, hold or buy?
PRANAV SANGHAVI answers, Hold.


rahil asked, have 200 mtnl at 200 should keep it or book loss?
PRANAV SANGHAVI answers, Keep it.


kris asked, Hi Pranev,I have got 3600 shares of wipro bought at 390.Its current price is 510,should i hold on for a while or is it the right time to sell it.
PRANAV SANGHAVI answers, I think you could hold on. I think it will give a strong performance despite the scare that the US companies will decrease their spending on Indian Software.


Lodha asked, your views on hdfc prudence. which ones are good in these type of fund scheme
PRANAV SANGHAVI answers, I have not studied the holding of the fund so I will not be able to help you.


shilpi asked, cud u tell me the prospects of unitech
PRANAV SANGHAVI answers, I think it should do well in the future.


kumarrajesh asked, what are ur views on triveni engg jagran prakashan jaiprakashhydro
PRANAV SANGHAVI answers, I would prefer quality frontline stocks or quality mid caps.


ram asked, Hi Pranav. This is Ram
PRANAV SANGHAVI answers, Hi Ram, welcome to the chat.


Lodha asked, can i buy HCC now
PRANAV SANGHAVI answers, Yes you could for a longer term.


Prasham asked, I am a long term investor, I have short listed few companies like Blue Star, Kirloskar, Voltas, Ingersoll Rand, D-Link, Gujarat Welspun. Is there any you would like me to add to this list
PRANAV SANGHAVI answers, These are decent midcap stocks. You could look at some companies from the Cement, Pharma, Banking sectors.


bubumait asked, Hellow Mr. Sanghavi. I have 11 Siemens @ Rs. 1054/-, 50 Reliance Communication @ Rs. 299/-, 15 Satyam @ Rs. 717/-, 50 Hotel Leela @ Rs. 70/-, 200 RNRL for Rs. 26/- Should I hold all of them and if yes, for how long?
PRANAV SANGHAVI answers, You could hold them for a year.


hyder asked, hi pranav,which SIP would you say is the best to start with
PRANAV SANGHAVI answers, You would need to consult a MF advisor who would give you the right guidance based on your investment purpose.


vinay asked, is any corection exepected in near future
PRANAV SANGHAVI answers, Corrections are part and parcel of investing in stock markets. One should look at buying in to quality stocks at such dips.


SunilR asked, Mr.Pranav r u there
PRANAV SANGHAVI answers, Yes Sunil, I am.


uk asked, Hi pranav Can I know the share market system. unni
PRANAV SANGHAVI answers, I would recommend you undertake a couple of courses offered by the training institutes of BSE and NSE.


thosif asked, is RPL a good buy at current level for a period of 2 years.
PRANAV SANGHAVI answers, You would need to hold beyond 2010 to see good returns.


Manoj asked, I purchased Balrampur Chini shares 5000 @ 91/-, now shall I hold or sell? Your suggestions please
PRANAV SANGHAVI answers, You could hold on.


Bhooolish asked, How do you rate India Bull for next 6 months..which level to expect?
PRANAV SANGHAVI answers, I see it rising steadily. They are getting in to real estate development which will bear fruit in the future.


meenu asked, i lost around 10000/-in tatasteel option CA 28SEP2006 KINDLY SUGGEST ME WHERE SHOULD I INVEST FURTHER TO COVER MY LOSS & AT WHAT PRICE
PRANAV SANGHAVI answers, What was your strike price and premium. You could invest with any of the frontline growth stocks and hold for a 6 to 12 month period.


Bhooolish asked, how do u rate Tata steel... what to expect in next 6 months?
PRANAV SANGHAVI answers, If this acquisition does go through then it could rally further.


Sunny asked, Hi Pranav Is it easy investing from abroad and is it better to invest directly or thru a managed fund. regards
PRANAV SANGHAVI answers, Yes now it is quite easy to invest from overseas. If you do have time to devote to the stock market you could. If not then go through a fund manager.


Resham asked, Hi Pranavji,my question is not related to stock market. But about the investment i made in the form of some gold when the prices were sly rocketting by day.Unfortunately the price of gold has lowered to a greater extent. Do you think i should sell whatever i have invested in?? I'm from a middle class family and i'm worried this will turn to a dead investment. Plss advise. Thanks in advance.
PRANAV SANGHAVI answers, I don't think Gold will crash that drastically. But if you do speculate in bullion you should always try an hedge your positions in the commodity markets. And always be very strict with your stop losses.


Lalit asked, Hi Pranav, I want to purchase shares from Torrent Pharmaceuticals Ltd. What is the future of the company. I want to do a long term investment. Plz suggest me
PRANAV SANGHAVI answers, Yes you could hold on a long term basis.


Lalit asked, Hi Pranav, I want to purchase shares from Torrent Pharmaceuticals Ltd. What is the future of the company. I want to do a long term investment. Plz suggest me
PRANAV SANGHAVI answers, Yes you could hold on a long term basis.


Harish asked, Dear Pranav, What is your take on Nectar Lifesciences & Venky's ???
PRANAV SANGHAVI answers, I don't follow either sorry.


Harish asked, Dear Pranav, What is your take on Nectar Lifesciences & Venky's ???
PRANAV SANGHAVI answers, I don't follow either sorry.


SunilRB asked, Whats your take on Mold Tek Technologies. currently its priced at Rs.60. They are into plastic packaging and in a big way in KPO. KPO is the next big thing after BPO. Also they pay decent dividen d.
PRANAV SANGHAVI answers, I would switch to a frontline quality stock.


nancy asked, what sectors do u think will eb upbeat this quarter
PRANAV SANGHAVI answers, I think Cement, Tech, Pharma should perform well.


rahil asked, pls answer my ques...have 200 mtnl at 200 should keep it or book loss?
PRANAV SANGHAVI answers, If you can hold on till you get your purchase price. If you have an alternate investment option on hand then you could sell.


anuragchat asked, i have 150 shares o ing vysya bk at 184. should i hold or sale?
PRANAV SANGHAVI answers, Hold on.


jeevs asked, hi pranav what do you think about aftek infosys and investment and precission corporation?
PRANAV SANGHAVI answers, Infosys is a good hold. I have not heard about the other company, sorry.


PRANAV SANGHAVI says, Well, it was great chatting with you all as always. Hope to catch you all next week. Bye for now and happy investing.

Chat with Pranav every week!

 

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