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'Sensex at 14K? More yet to come'

January 03, 2007 13:16 IST
PRANAV SANGHAVI says, Hello everyone and Happy New Year. Welcome to the chat. Lets begin.
ram asked, will the sensex cross 14,000 again this month
PRANAV SANGHAVI answers, Hi Ram, I think it already has crossed it today.
ramesh asked, hellow how about surya pharm target price, i bought at91.70
PRANAV SANGHAVI answers, I am sorry I don't follow that stock but from what little I know, you could hold on.
gg asked, hi, how good is franklin templeton as an MF option?
PRANAV SANGHAVI answers, They have some good fund managers and have performed well in the past.
gh asked, Hi! Is it wise to bank on reliance infocom shares?
PRANAV SANGHAVI answers, Hi GH, yes I am bullish on the scrip. I have been for over 6 months now and have been saying so on this chat.
gh asked, Hi! Is it wise to bank on reliance infocom shares?
PRANAV SANGHAVI answers, Hi GH, I have been bullish on the scrip for some time now. I think it is still a good hold.
ssss asked, How often will the market touch 14000?
PRANAV SANGHAVI answers, I think 14,000 it is a psychological mark. I am sure even bigger figures will be crossed in the future.
kabir asked, Hi Pranav! Happy New Year! Which stocks will be the best buy this year?
PRANAV SANGHAVI answers, Hi Kabir, and wishing you a Happy New Year too. I think frontline tech stocks, banking stocks, cement stocks and infrastructure stocks should do well.
Srikanth asked, can you tell me what is the future of Maharaja Shree Umai mills? Also Everest industries?
PRANAV SANGHAVI answers, I am sorry I don't follow either of the stocks, so will not be able to help you.
bachee asked, I've a loan of 9 lacs at 10% floating interest. I've 3 lacs now. Suggest me whether to pay the loan or invest in mutual funds.
PRANAV SANGHAVI answers, I think you could invest in growth funds which should give you a return of over your interest rate. But floating rates can prove to be dangerous. I would much rather be comfortable with a fixed rate.
renu gaur asked, What will happen to the person who trade Nissan on 29th December, 06, whether any chance of SEBI taking action and refunding money ?
PRANAV SANGHAVI answers, SEBI is looking into matter and will take appropriate action soon.
skumar asked, any tips for intraday buying.
PRANAV SANGHAVI answers, I am sorry I do not propogate day trading so I will not be able to help you.
Srikanth asked, Bongaigon bougt @ 80.40 when shall i get that price or i can get out from that stock. I am a long term investor
PRANAV SANGHAVI answers, You could hold on if you are a long term investor.
rahaus asked, Hi Pranav, Do you see the market slowing sometime this year? Is it still worth buying/holding at these levels?
PRANAV SANGHAVI answers, Hi Rahaus, markets should rise steadily over the next few years. But one cannot rule out corrections. It is a part of the market cycle.
Srikanth asked, Harrison Malyalam bought @ 119/- how long can i wait to reach that price
PRANAV SANGHAVI answers, I guess over the next two quaters you should see the price.
Sushil asked, Hi!What about TTML and RPL
PRANAV SANGHAVI answers, RPL is a long term play, you will have to hold for over 3 years to see decent returns.
laxman asked, I want to buy some Mututal fund please tell me which is good ?
PRANAV SANGHAVI answers, I won't recommend a specific one but you could go with a large cap diversified fund.
Sachin asked, Hi Pranav,I am new in equity market. Somewhere I studied that before investing in a IPO, one should go thru company financial status for last 3 to 5 years. But from where we can the status.
PRANAV SANGHAVI answers, Hi Sachin, you can easily get such details from the company prospectus. A soft copy can be downloaded from the SEBI's website too.
Sachin asked, Hi Pranav,I am new in equity market. Somewhere I studied that before investing in a IPO, one should go thru company financial status for last 3 to 5 years. But from where we can the status.
PRANAV SANGHAVI answers, Hi Sachin, such information is given in the company's prospectus. One could download the same from SEBI's website too.
sumit asked, which share i buy and hold
PRANAV SANGHAVI answers, You could buy the frontline stocks in sectors which I mentioned in my previous answers and hold for a period of 1 to 2 years.
rakesh asked, in banking sector, ICICI or BOB or HDFC which is good future in stock mkt
PRANAV SANGHAVI answers, I think ICICI, HDFC, SBI are good plays in the frontine stocks you could look at Vijaya, Syndicate from the smaller bank stocks amongst others.
priya asked, Hi! I have some shares of SBI home finance which has been delisted? What to do with it?
PRANAV SANGHAVI answers, Write to the company with details. They may buy it back.
Srikanth asked, Plethico Pharma 500 shares bougth @ 493/- How long can i wait for that to reach my purchase price? Also Royal Orchi hotel bought @ 237/- - 250 shares. How long i can wait? what is the future of these two shares
PRANAV SANGHAVI answers, I am sorry i don't follow either of the stocks. So will not be able to help you.
kris asked, What do you think about CMC Ltd stock? Is it the right time to sell the stock?
PRANAV SANGHAVI answers, No I think you could hold on.
JM asked, ur views on Cambridge Tech IPO
PRANAV SANGHAVI answers, I have not studied the prospectus so I won't be able to comment on the same.
Srikanth asked, Visual soft bougth @ 132/-, Venkys India bought @ 141/- Guj Alkalis @ 180/- How long can i wait for these shares to reach my purchase price? I am ready to wait but i don't what the loss. also pls let me know the future of these scrips
PRANAV SANGHAVI answers, Wait for another 3 to 6 months and you should see the prices. I think all the three are good midcap holds.
JM asked, shud i hold on to barampur chini mills, bought it at 105
PRANAV SANGHAVI answers, Well I am not that bullish on the sugar sector for the next couple of quarters. But Balrampur is one of the bexst sugar stocks to hold on to.
Srikanth asked, inox leisure bought @ 220/- and impex ferro @ 39/-, gufic bioscience @ 28/- what is the future and whether i can hold or get out from these stocks?
PRANAV SANGHAVI answers, You could surely hold on to Inox. It has big expansion plans and should do well in the future. The other two I don't follow sorry.
prapti asked, Wt is future of DCB ? Wt would be market reaction after reaching 14000?
PRANAV SANGHAVI answers, You could hold on to DCB. It should give better results for the quarter ended December 06. You could see a bit of consolidation before the budget.
Laluji asked, Hello Pranav sir, can we hold Educomp solutions for the long-term or is there something wrong in it?
PRANAV SANGHAVI answers, It has jumped up really fast but one should keep the PE ratio and valuations in mind.
Srikanth asked, K sera sera 1000 shares bought @ 43/- Now its only Rs.26/- what i can do with this scrip?
PRANAV SANGHAVI answers, K Sera Sera is in the movie making business so a lot of it's price movement would depend on the outcome of it's movies at the box office. You could hold on as they have a host of movies releasing. But I would much rather switch to Adlabs.
tata asked, i have 550 tisco @390/- shall i wait for further gain -- suresh
PRANAV SANGHAVI answers, I think it is a good hold for a long term. You could look at SAIL also.
Tosh asked, Do you think Malwa Cotton stock is undervalued at Rs.99, given that it holds around 10 million shares of Malwa Industries? Its total market cap currently is Rs. 60 crore whereas its holding in Malwa Industries alone could be worth Rs. 80- 100 crore post IPO and listing of Malwa Industries. Do you agree with the logic?
PRANAV SANGHAVI answers, Yes I think someone had posed a simillar question in a previous chat. Yes given this information one could hold on.
kaps asked, Dear Pranav,please give ur email id.U told to use the one provided by rediff but was not able to ger the same.Thanks in advance.The questions asked here often go unanswered due to the time constriant.So asking for the email.Thanks in advance
PRANAV SANGHAVI answers, Hi Kaps, Please email rediff with my name as the subject of the email and they shall forward your query to me.
rahaus asked, In the present scenario, which IPO would you recommend?
PRANAV SANGHAVI answers, There are a few IPO's about to hit the markets but none at the current moment.
Srikanth asked, salora int'l bought @ 127/- Vijay textiles @12/-
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now both these scrips are in red. how long shall i wait for these two scrips to reach my purchase value?
PRANAV SANGHAVI answers, I would suggest book a loss and switch to a growth stock.
Sourav asked, I bought 50 Hindustan Zinc at 850. Any idea by when I can get good returns as there is a shortage of zinc supply worlover.
PRANAV SANGHAVI answers, It recently touched a high of around Rs. 1000. But it is a good bet for a longer term. I think just today HZL announced a price reduction.
sree asked, can i hold parsvanath developers @560 which i bought 100 shares in last month??
PRANAV SANGHAVI answers, I think you should hold.
vamseerk asked, hi pranav, wish you a very happy and prosperous new year. My query is on Jayant agro organics. Is it a hold or sell ?
PRANAV SANGHAVI answers, Hi Vamseerk. I think it is a hold.
vamseerk asked, hi pranav, wish you a very happy and prosperous new year. My query is on Jayant agro organics. Is it a hold or sell ?
PRANAV SANGHAVI answers, HI Vamseerk, wishing you a happy new year too. You could hold on.
vamseerk asked, hi pranav, wish you a very happy and prosperous new year. My query is on Jayant agro organics. Is it a hold or sell ?
PRANAV SANGHAVI answers, Hi Vamseerk, wishing you a happy new year too. I think it is a hold.
balu asked, nothing i know abot shares,just i want to know how to do it
PRANAV SANGHAVI answers, You need to take on courses offered by the training institutes of NSE and BSE before you start investing.
mads asked, Hi Pranav, Greetings!I have bought 123 shares of IVRCL at 406...what is the stop loss and what is the1 target upto which I can hold the share
PRANAV SANGHAVI answers, Hi Mads, IVRCL is a good long term bet. You could hold it with a 1 to 2 year time horizon.
himanshu jain asked, can i know about the outlook for zandu pharma
PRANAV SANGHAVI answers, You could hold on to the same. I think they are doing reasonably well.
himanshu jain asked, can i know about the outlook for zandu pharma
PRANAV SANGHAVI answers, You could hold on to the same. I think they are doing reasonably well.
bhanu asked, if i send my portfolio details in mail would u be able to evaluate. if yes can u give me ur mail id please.
PRANAV SANGHAVI answers, Yes I would be able to. Please send it to rediff and with my name in the subject and they will forward it to me.
bhanu asked, if i send my portfolio details in mail would u be able to evaluate. if yes can u give me ur mail id please.
PRANAV SANGHAVI answers, Yes I would be able to. Please send it to rediff and with my name in the subject and they will forward it to me.
Srikanth asked, what is the future on merctar lines ltd and manali petro?
PRANAV SANGHAVI answers, Hold on to both. Mercator is also planning a large listing on the Singapore stock Exchange soon.
vijay asked, What should I do with reliance Petrolium shares?
PRANAV SANGHAVI answers, You will have to hold on to the same up to 2010 to get decent returns as the company's commercial production should start around then.
John asked, I've bought itc@ avg rate of 185. Right now its around 177. should I sell or hold?
PRANAV SANGHAVI answers, I would hold on. It is a frontline bluechip stock which has underperformed.
Srikanth asked, sci i bought @ 161/- 1 year back now it touched 164/- shall i get out from this scrip. if so in whcih scrip shall i invest
PRANAV SANGHAVI answers, You could hold on to the scrip.
malhotra asked, I have 328 shares of Crest Animations, BSE code 526785, Please tell the future.
PRANAV SANGHAVI answers, It is owned by Shyam Ramanna a leading personaility in the graphics arena and they also have a digital recording studio amongst other businesses. I think they are doing fairly well.
bhanu asked, if Tata steel offer to corus is aggreed what wud be its effect in next 3 months?
PRANAV SANGHAVI answers, I don't know in the next 3 months but on a longer term say 2 years or so it should do well.
uma asked, hi Pranav happy new year! how about holding ifci and ramco systems?
PRANAV SANGHAVI answers, Hi Uma wishing you a happy new year too. The government has some plans of merging IFCI with another instituion. One has to wait and watch about the decision. Ramco systems can be held with a medium term outlook.
tarun asked, I have 300 shares of CAIRN INDIA, Please tell the future.
PRANAV SANGHAVI answers, I think it has a good future. You could hold on.
tarun asked, I have 300 shares of CAIRN INDIA, Please tell the future.
PRANAV SANGHAVI answers, I think it has a good future. You could hold on.
vijender asked, Hi Pranav, Greetings... I would like to know the prospects of stocks like ITC, Ashok Leyland, Reliance Pertoleum, Petronet LNG and tata tele. I hold all of them in my portfolio at various levels
PRANAV SANGHAVI answers, ITC, AShok leyland should prove to be strong performers. Petronet also should do well. RPL you will have to hold for some time and Tata tele's outcome depends if the group decedes to merge it with some other company within the group.
raj asked, what is the future of TVS Motors
PRANAV SANGHAVI answers, I think they are steadily increasing sales despite stiff competition from Hero Honda and Bajaj. You could hold on.
SP asked, How long the company IDFC should take to reachRs 200/-?
PRANAV SANGHAVI answers, Maybe in another 2 years.
guru asked, i want to invest 2 lakhs in shares for 15 days - whats the best way
PRANAV SANGHAVI answers, Go with the trend of the market and invest in the frontline Index stocks.
jatin asked, Hi Pranav, what's your take on ONGC for short term
PRANAV SANGHAVI answers, I think the crude rates will rise slightly and could benefit ONGC marginally.
Rajeev asked, Hi Pranav
PRANAV SANGHAVI answers, Hi Rajeev.
GPK asked, Hi Pranav, I though this is the good opportunity for me to ask you a basic question. Till now i have not invested in any stock in my life, but now i wanted to be an active trader & also i am completely new to this domain. Can you tell me how should i proceed further....where can i get the knowledge of trading or which stock i have to buy or sell etc etc.....
PRANAV SANGHAVI answers, Take up courses at the training institutes of BSE and NSE and then contact a broker who will advise you.
sanju asked, I have 1000 shres of KEC Infra, can i get 200% return in one year on this stock?
PRANAV SANGHAVI answers, I doubt the stock justifies a 200% return over a year.
Ashish L asked, Hi Pranav,is this the right time to enter the market?
PRANAV SANGHAVI answers, When the markets are witnessing a correction.
rrr_961234 asked, I have 150 shares of reliance petroleum @ Rs. 68/- & Deccan Aviation @ Rs. 148/-. What should I do for long term.
PRANAV SANGHAVI answers, Hold on for a long term.
arun asked, at these levels which funds should i invest and which SIP's do u recomend. I am looking at investing for atleast 4-5 years from now.
PRANAV SANGHAVI answers, Large cap diversified funds will reap you good dividends over 4 to 5 years.
varun asked, what abt KTK future january .
PRANAV SANGHAVI answers, I think you are referring to Karnataka bank. You could hold on.
sudip asked, why the entry load is loaded in mutual fund investment by SIP? is it not a loosing proposition?
PRANAV SANGHAVI answers, Unfortunately most MF's charge and entry fee and some charge and exit load. But if you invest for a longer term that percentage gets marginalised.
mack asked, hiHAPP NEW YEAR U & your FAMILY
PRANAV SANGHAVI answers, Thank you Mack and same to you.
LOBO asked, how is CLUTCH AUTO ?
PRANAV SANGHAVI answers, I think it is a good hold. Auto ancilliary stocks should do well.
aditi asked, if u have to give a target price for infosys stock price what would u guess 5 yrs from now?
PRANAV SANGHAVI answers, I think Infosys has the capability to give a 30% annualised compunded growth. Therefore a price of around Rs. 5,000 to 7,000 cannot be ruled out.
PRANAV SANGHAVI says, Well it is time for me to leave. Bye everyone.

Chat with Pranav every week!