rach asked, hello sir, what is PE ratio how you calculate it and for day trading calculation of resistence and support level is useful or not
PRANAV SANGHAVI answers, Hello, basically PE ratio is the price of the company divided by the EPS of the company. If the PE ratio is below the Index average then it could signal a buy and vice versa.
praveen asked, whether we can see a huge correction post budget
PRANAV SANGHAVI answers, The market has run up substantially. So a correction could not be ruled out. When is the question and how much. Although I do not feel it will correct very drastically.
Alwa asked, What is your take on mid cap stocks. Most of them are still languishing
PRANAV SANGHAVI answers, The quality midcap stocks have already started moving up. In the May correction last year the midcap stocks were the worst hit. So it will take some time before they spurce up as the frontline stocks themselves are giving such handsome returns to investors.
malcolm asked, Hi. and good morning.
PRANAV SANGHAVI answers, Hi Malcolm and good afternoon to you too.
rach asked, pls suggest some good books on stock market (including day trading)
PRANAV SANGHAVI answers, There are tons of books one could study. The Intelligent Investor by Ben Graham is a good one amongst others.
gssharma asked, mr sanghavi,do you think there will be some correction expected tomorrow or day after I want to buy good shares .Tell me which ones ppl
PRANAV SANGHAVI answers, It is a good idea to wait for the correction to get in as the market seems to be heated. But predicting when the correction will come is not possible.
malcolm asked, Iam a long term investor. Should I wait now for a correction which is overdue before the budget or should I buy some stock. Pls. suggest if yes which stocks..a couple of them.
PRANAV SANGHAVI answers, Yes it would be wise to wait for the correction. You could look at the quality frontline stocks in the cement, tech, infrastructure, banking sectors.
Raj asked, Hi Sir, I want to open a Dmat account.So from which bank/financial company should i open it.Which of them is the best.
PRANAV SANGHAVI answers, The best would be where you hold you savings account or your broker whom you deal with if he is a DP.
malcolm asked, How can I buy shares in international markets. what is the procedure and who to contact...
PRANAV SANGHAVI answers, A resident Indian is allowed an outflow of up to US$ 25,000 per calendar year by RBI. You will need to contact brokers like Geojit and First Global who could help you.
malcolm asked, Iam interested in commodity trading. How can I make a begining.. what is the procedure. Pls. advice.
PRANAV SANGHAVI answers, Similar to opening a stock trading account you will have to open a Commodity trading account.
petro asked, Would you say Reliance Petroleum is a safe "double your money in 4 years" bet?
PRANAV SANGHAVI answers, Well safe bet for four years yes but double your money I won't know.
HemanthK asked, I bought 6000 shares of IFCI @22.70, what should be my strategy now?
PRANAV SANGHAVI answers, I would book some profits to make your acquisition cost of the balance stock even lesser.
aka asked, hello sir, Please tell about era construction. presently quotaing at 490. its fy07 eps is rs 75 and fy08 eps at 150 mentioned by its CEO Mr H S Bharana. It is in real estate, construction etc. Why it is not performing. What is your comment on this company and its prices.
PRANAV SANGHAVI answers, I am sorry I do not actively follow this stock so will not be able to help you.
avikkonar asked, i have Parashnath developers @470/- ,. Pls let me know the prospects. ALso the prospects of Pyramid Saimira
PRANAV SANGHAVI answers, If you are a long term investor you could hold on to both.
madhavi asked, I want to buy some shares which give me profits in short span and I have shares of reliance petro 120 nos what to do for that?what about kpisys?should I sell thermax
PRANAV SANGHAVI answers, You could look at frontline tech stocks but buy them on correction to give you profits in a short span. RPL will give you handsome returns only after 2010. Thermax is a hold according to me.
raju asked, Hellow sir, What is your openion about godrej industries. Godrej properties subsidary of godrej industries is currently developing 2 crore sq ft of real estate in mumbai, Kolkotta, Hyderabad and all are high end and Software parks. Listing of godrej properties next year. Unlocking of value, best management etc. Your openion about rhe stock at current price sir ?.
PRANAV SANGHAVI answers, I think Godrej Ind is a good buy. They have a substantial stake in Godrej Consumer whose price move upwards increases the value of Godrej Ind also. We had recommended the stock last year in the month of Feb.
javedm asked, i have 500 share of indian overseas bank and 100 of chennai petro. kindly let me know prospects
PRANAV SANGHAVI answers, You could hold on to both.
rohit asked, I am having 70 Cairn shares. what is the future prospects for it?
PRANAV SANGHAVI answers, They have promised a lot in the future so you could wait and watch. Or switch to a growth stock.
madhavi asked, is it wise to buy shares of chemplast sanmar pl guide
PRANAV SANGHAVI answers, You could look at it with a 6 to 12 month outlook.
navaneet asked, Hi sir i want to know Idea celluler IPO, I would like to invest for short term.
PRANAV SANGHAVI answers, Seeing the bouyancy of Bharti and Rel Com Idea too could see a lot of investor interest. But finally it will have to deliver good numbers for the stock to run up in the long term.
siya asked, what is your view about mind tree IPO?
PRANAV SANGHAVI answers, It is a good IPO to look at. They have some good plans for the future.
P-Dinesh asked, Why has Tata Steel price gone down after takover? Is it wise to buy Tata Steel at current levels? I want to stay invested for 6 months.
PRANAV SANGHAVI answers, Normally world over because of the notional burden that comes with an acquisition of a much larger company the acquiring company always moves downwards. On a long term basis TISCO should do well but in the short term it may not give you the returns you may be expecting.
siya asked, Hi, why parsvnath price day by day down?
PRANAV SANGHAVI answers, It could be rationalising the price or in a corrective or consolidative mode.
meghanadhudu asked, I purchase 400 balrampur chinni on 120/- what about this script please tell me
PRANAV SANGHAVI answers, It is surely a frontrunner in the sugar stocks. Of all of them I think this one could be looked at. Although the sugar sector as a whole may not outbeat the markets over the next few quarters.
amitp asked, Hi Sir , I AM HAVING 0 SHARES OF LMW @3750 . WHAY SHOULD I DO ? I AM HOLDING SINCE 2 MONTHS.
PRANAV SANGHAVI answers, You could hold on as it is marginally below your acquisition price as of now.
i asked, prospects of ranbaxy and gmrinfra
PRANAV SANGHAVI answers, Ranbaxy should perform well in the coming year.
pankaj s asked, Hello Pranav good afternoon, i bought 2,000 shares of Himachal Futuristic @ 30. Should i hold or take profit around 35?
PRANAV SANGHAVI answers, I would take profit and move to a quality midcap stock.
Manju asked, hi, I am planning to invest in SBI MF.Is this the right time to invest in mutual funds considering the fact that sensex is at its peak ?
PRANAV SANGHAVI answers, It is always wiser to buy into a fund at a correction. That way the NAV will be much lower than with the SENSEX at its peak.
dharma asked, i would like to do research in technical analysis. stock market volatility study based on technical analysis is my topic kindly advice me
PRANAV SANGHAVI answers, I would suggest you take up the courses offered by the training institutes of NSE and BSE. Then you would need to procure a technical analysys or charting software easily available in the market. Also you would need a live feed of
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