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'Budget won't have negative impact on market'

February 21, 2007 13:24 IST
PRANAV SANGHAVI says, Good afternoon everyone. Let's begin.

tahi asked, whats yr view abt the markets after the budget
PRANAV SANGHAVI answers,  at 2007-02-21 12:04:34I don't think there will be any drastic negative surprises in the budget. The government will try to make marginal changes to curb inflation and simultaneously boost economic growth. Overall the markets will perform beyond the budget and the march end results.
manoj asked, i have 500 sharefor rpl rs 80 what can i do
PRANAV SANGHAVI answers, I think if you hold on you could see the price in time. Yesterday there was some move on the stock and the stock might continue to see the build up.
PranavFan asked, I have Teledata shares (1000 nos) bought last month. Can I hold till 1st April 2007 or sell. Can you guide me?
PRANAV SANGHAVI answers, I think you should hold on. I was just recently informed about the demerger plans of the company which will benefit the shareholders.
akka asked, how good is IKF tecnologies for one to two year time frame? can you give any price target
PRANAV SANGHAVI answers, I do not follow that stock sorry.
RAM asked, SIR I HAVE HIKAL 200 SHARES, HOW LONG I SHOULD HOLD?
PRANAV SANGHAVI answers, It depends on what your investment purpose. If you are in decent profits book them.
manoj asked, can i have some idia about market
PRANAV SANGHAVI answers, I think in the short term the markets would remain volatile as I had mentioned even last week. But beyond the budget and a resonable correction the markets would move upwards steadily in anticipation of the march quarter results.
pranav asked, My Portfolio contains Guj Ambuja Cement, JK Cement, Birla Power, Viranchi Technologies, ITC, NTPC, Orchid Chemical, IFCI, Petronet Lng...What are your views. Can you please suggest what scripts I should hold and what to sell?
PRANAV SANGHAVI answers, I think most of your stocks are a good hold. Viranchi I don't follow.
Pradeep asked, I have 70 shares of Cairns(of 160rs)what should i do whether i hv to keep the share or sell partially.
PRANAV SANGHAVI answers, In the longer term if the company delivers on its promise then you should see higher prices but for now it should move sideways.
vivek asked, How is the Future Prospect for RCOM?
PRANAV SANGHAVI answers, I think it is a good hold and buy on corrections.
qwerty asked, hello sir
PRANAV SANGHAVI answers, Hello qwerty.
hari asked, hai i have 100 shares in wipro, is it suitable to sale the share today|
PRANAV SANGHAVI answers, I think you should hold on. They will be giving good results for the march quarter and you should see a price beyond Rs. 700 soon.
vishwa asked,  Hi Pranav , I hold 350 of Balaji Telefilms at 140. What are the long and short term prospects ?
PRANAV SANGHAVI answers, I think it will perform in tandem with the market.
Pradeep asked, day before yesterday i bought 13 shares of parsavnath at 322rs/share and for the last two days it is going down so whther it'll rise in coming 2-3 months.
PRANAV SANGHAVI answers, I think the much awaited correction in the realty stocks is not yet over. I would wait further before jumping in.
kamal asked, i have applied for idea IPO and will be getting approx 8000 shares. should i sell those to get listing gains or to hold it for long run
PRANAV SANGHAVI answers, I think you should hold on. It has a good strategy moving ahead and it could perform as well as the other two telecom stocks have like Bharti and RelCom.
vishwa asked, Do you follow Teledata in the tech sector ? Is this a good time to book profits in it or can I still hold on ? I hold 500 @ 13 currently it is trading at 50.
PRANAV SANGHAVI answers, I think hold on. There is a demerger taking place and you will receive free listed stocks oif the demerged companies over and above your Teledata holding.
vishwa asked, What are the prospects of Grasim in the Cement sector ? Both short and long.
PRANAV SANGHAVI answers, I think it will outperform the market both in the short and longer terms. I also like Ultratech and Guj Amb in the cement sectors.
vishwa asked, In the banking sector I hold Federal bank and Punjab Bank ? What are the prospects with a 1 year horizon ?
PRANAV SANGHAVI answers, with the rising interest rates scenario the public sector banks who do not increase their intrest rates in tandem with the hike by RBI might suffer marginally. Otherwise both banks are strong players.
vishwa asked, What about prospects of Zee News ? Is this a good time to enter the stock?
PRANAV SANGHAVI answers, It is already running up. I would wait for a correction to enter.
vishwa asked,  What about the textile sector ? Am holding some stocks of Supoer Spinning Mills @ 30 ? Currently it is trading at 23 ? Is there value in holding ?
PRANAV SANGHAVI answers, I do not follow that stock but the textile sector on the whole has underperformed the markets except for those stocks which have huge mill land holdings.
Prabhakar asked, What are the Prospects for Harig Crackshaft, if I hold it for 2 months. I have 60 thousand shares.
PRANAV SANGHAVI answers, You could with a longer term horizon.
naren asked, what is your view on the sensex for the next 3 months ? Reliance Ind.Satyam and Reliance Capital in particular.
PRANAV SANGHAVI answers, I think beyond April the markets would move up post a short correction. All three stocks are good holds and buys on dips.
vishwa asked, How about EID Parry ? I know sugar stocks are still bleeding. Have holded on to only this one @140 ? How would it fare if we look at 1 year horizon ?
PRANAV SANGHAVI answers, The balance sheet of the company is extremely strong but the sugar sector will underperform for a while atleast.
tahi asked, how will the banking sector, specially the PSU banks perform in the coming quarter??? i hav few shares of Bank of Baroda & Vijaya Bank?? should i hold or exit?
PRANAV SANGHAVI answers, Most banks have already increased their lending rates but the credit offtake itself may slowdown because of the same which could hamper the banks performance. You could hold on to these banks.
milo asked, is it a good time to enter the share mkt now?
PRANAV SANGHAVI answers, You could enter at corrections. If you are a longer term invstor you could surely make stock specific picks even at current levels.
madhu asked, Hi, What are the prospects of Akriti Nirman. Why is it quoting below offer price.
PRANAV SANGHAVI answers, It is because of the unrealistic valuations that were given to the real estate companies. Akruti is just one of them witnessing the rationalisation of the valuations.
anuj asked, hi, Need to know what the market will hold for Metal stock since gulf is coming up in a big way for metal like aluminium and steel what does india has to do with it
PRANAV SANGHAVI answers, Metal stocks will move in tandem to the prices of the metals on the national and international markets.
raman asked, i am having triveni engg 930 share @Rs.68, what is should do?
PRANAV SANGHAVI answers, I think you could hold on.
ajiths asked, Hi Pranav, I am holding 12 shares of Parsvnath developers which were bought on November 30 2006. Right now, the stock price has gone down to around 314. What should I do? hold on or exit? Thanks, Ajith
PRANAV SANGHAVI answers, If you are a longer term investor you could hold on. You should see the price provided the company delivers the figures as promised in its prospectus.
raju asked, i got 620 teledata informatics at the rate of 32.00. Shall i hold or sell
PRANAV SANGHAVI answers, You can hold.
Raj asked, HI, what to do with Redington (India) buy at 113 in IPO
PRANAV SANGHAVI answers, Yes hold on.
Rjadhav asked, HI PRANAV... i m not long term investor...... I m young....... And i have limited money say 20000 Rs... Can u told me any scrip Between 25 to 30 Rs. which can give me 5% to 7% profit within a week...
PRANAV SANGHAVI answers, Hi RJhadhav, you could look at IFCI which is seeing a good build up.
chakri3 asked, can we buy relianc communications @ 450
PRANAV SANGHAVI answers, With a long term outlook you could surely get into the stock.
rahul asked, Will idea IPO get listed above 100?
PRANAV SANGHAVI answers, I don't know if it will above 100 but it will should list at a premium to its issue price.
Raj asked, Is it worth to buy 5 or 10 shares of blue chips like Reliance, TCS or Infosys for 2-3 years
PRANAV SANGHAVI answers, Yes ofcourse, I think these stocks will outperfor the markets especially with the growth they are showing in their profits year after year.
kirtikumar asked, whether to hold tech mahindra or shift to other IT stock ?
PRANAV SANGHAVI answers, I think you could hold
on.
sumu asked, Hi Pranav, is it good to buy akruti nirman at cmp? i can hold for a year or so pl advise
PRANAV SANGHAVI answers, I would wait further and enter at a sharp correction.
Santosh asked, Hi, What is your view on Wipro in particular & tech sector in general, in next 3-6 month window?
PRANAV SANGHAVI answers, I think the tech sector will outperform the market and the frontline stocks especially will do well like Wipro, Infy, TCS etc.
rupesh asked, HI PRANAV... i m not long term investor...... I m young....... And i have limited money say 20000 Rs... Can u told me any scrip Between 25 to 30 Rs. which can give me 5% to 7% profit within a week...
PRANAV SANGHAVI answers, I already answered an identical query by another chatter. Please scroll back.
raju asked, i got 100 balrampur chinni at the rate of 62.00. Shall i hold or sell
PRANAV SANGHAVI answers, I think you could switch to a growth stock.
Raj asked, HI, good morning. advise me on Indiabulls
PRANAV SANGHAVI answers, Hi Raj, I think Indiabulls is an aggressive player in the market and they created shareholder wealth by demerging its non core businesses. I think it is a good hold.
Sinex asked, The ban on sugar xports is removed. Will that bring a turnaround in sugar stocks that saw a huge slump?
PRANAV SANGHAVI answers, A lot of them have set up ethanol plants. When they go onstream you should see better results.
Ziya asked, Hi, I am holding real estate stocks it seems day by day declining all shares, Is there any chance to recover in two three months?
PRANAV SANGHAVI answers, Hi Ziya, I think the good quality real estate stocks will bounce back once their results for the next 1 or 2 quarters are out. So in 6 to 12 months you should see better prices.
pankaj asked, i hv 70 Cairns share shall i keep it or sell partially
PRANAV SANGHAVI answers, You could switch to growth stocks.
srk asked, Good Morning Sir, Since the RPL project seems to start production in DEC 2008, from when onwards RPL would grow.
PRANAV SANGHAVI answers, Good afternoon SRK, if it does indeed start production in 2008 then by 2009 onwards the company should post good results and thereby get a higher valuation for its stock.
Sinex asked, DLF is coming out with its IPO. Given that other players like Parsvanath Dev. are facing the heat...will DLF be a good investment?
PRANAV SANGHAVI answers, One has to look at the valuation and the PE multiple they use for its offer price but as a company DLF is a much stronger and bigger player than Parsvnath.
vijay asked, can i buy IVRCL INFRA what is your opinion
PRANAV SANGHAVI answers, Yes on dips and corrections you could accumalate IVRCL. It should do well in the future.
tmrameshkumar asked, Hi i'm Ramesh.what's your opinion about 'to be launched' UTI Gold ETF?do u think its a good long term investment?
PRANAV SANGHAVI answers, Hi Ramesh, essentially a Gold ETF will reduce a lot of costs involved in investing in Gold traditionally like wealth tax etc. If you are looking to invest in gold this would be a more cost efficient way to do so.
vinod asked, sir, i have autoline, what i should do, sell or hold upto february end
PRANAV SANGHAVI answers, I think you could hold on.
Jagdish asked, Is there any norms from SEBI as to when a company is supposed to allot Bomus shares after it declares Bonus shares?
PRANAV SANGHAVI answers, There is a time frame mechanism of Record Date and Book Closure date and a stipulated time within which the shares should be credited to the shareholders accounts or dispathced in physical forms.
vnagori asked, Hi Pranaav I bought HCL Infosystems Ltd at Rs.188/- at that time index was 11500. it has never reached thoses levels . Can u suggest what to do
PRANAV SANGHAVI answers, You could look at swithcing to a growth stock.
Sejal asked, Hello.., what do you suggest for real estate stocks
PRANAV SANGHAVI answers, Pick the quality stocks which have been run down and buy on further dips with a longer term outlook.
anilu asked, Can we get one year target price for reliance ind.
PRANAV SANGHAVI answers, I can't give you a target price as I am not a technical analyst but it should appreciate by 15 to 20% atleast.
Mir asked, how budget will affect present stock market ???
PRANAV SANGHAVI answers, I dont think anything really negative towards the stock market in specific will be announced.
rajni asked, i have hoteleela 4000 @ Rs.70/-. What is your take on it?
PRANAV SANGHAVI answers, I think it is a good hold for long term.
Raghu asked, Hi Pranav, Your views on Gillette and the future prospects
PRANAV SANGHAVI answers, Hi Raghu, I think it is one of those companies who do not have a strong competitor in the market and enjoy a virtual monopoly. So longer term I think it is a good bet.
vinod asked, sir, what happen in market if Mr.Chidmbaram will remove as a ministar
PRANAV SANGHAVI answers, That is a very speculative question and I do not speculate.
KUDROLI asked, I am holding Cummins India and Rel. comm. what is prospect of these shares?
PRANAV SANGHAVI answers, I think both will perform well and especially RComm.
Mani asked, I have 500 shares of Richa Knits....your advice on the stock please
PRANAV SANGHAVI answers, I don't follow that stock sorry.
manoj_rana asked, How is the february futures series gonna end tomorrow? Are there too many short or long positions in the market which will be squared tomorrow? What has been the Open Interest and rollover scenario? Any comments for IDFC for near future?
PRANAV SANGHAVI answers, The rollover has been surely slower than of the last month. IDFC should give you a 15 to 20% return over the next few quarters from current levels.
golddigger asked, Hi Pranav, what is ur view on Noida Toll bridge. It has been continuously going down even after declaring good results..any inside news ....
PRANAV SANGHAVI answers, Not that I know of.
vish patel 333 asked, Sir i am Holding Nifty at 4179 whether it will come up or not
PRANAV SANGHAVI answers, It should soon.
raju asked, i got 620 teledata informatics at the rate of 32.00. Shall i hold or sell
PRANAV SANGHAVI answers, Hold.
rajni asked, I have syndicate bank 1500 at an average rete of 78.What should i do ?
PRANAV SANGHAVI answers, I think you could hold on.
Chakri asked, Hi pranav, i have bought REDINGTON 100 shares @160, what should I do Hold/book profit
PRANAV SANGHAVI answers, Hi Chakri, you could book your profits and switch to a growth stock.
Jagdish asked, Dabur India announce 2:1 Bonus quite some time ago, the scrip is trading at the reduced price but still the bonus shares have not been allotted.
PRANAV SANGHAVI answers, Check with the broker when is the record date and the allotment date. If you do not get a satisfactory answer write to the company secretary. If all else fails you could go to the Investor Services Cell in either BSE or NSE.
RAJESHPARASHER asked, WHAT ABOUT THESE EXPERTS WHO CHURN THE SPIT ALL THE TIME ON NEWS CHANNELS . THERE ARE ONY TWO POSSIBILITES IN THE MKT THAT AFFECT THE INVESTOR : UP OR DOWN . YOUR VIEWS
PRANAV SANGHAVI answers, They are just giing their current views. Markets are very dynamic and can sentiments can change overnight depending onv arious factors.
bb123 asked, Hi, I Have 5000 Shares of Facor Alloy with the Price 5/- what I will do
PRANAV SANGHAVI answers, Sell and get into a strong metal player.
rohan asked, I had bought 500 shares of reliance natural at the rate of rs 25.60 now the current rate is 26.60 should i sell it or i should keep it for week
PRANAV SANGHAVI answers, Hold on.
Anuranjan asked, Zee entertainment is worth holding at this level. whats the target price to sell
PRANAV SANGHAVI answers, Wait for a few quarters and see how the results pan out and then take a call on its pricing. At these rates you should hold on.
kapildev asked, Do you think that one can buy IDBI at current rate for shor term gains ?
PRANAV SANGHAVI answers, You could there is a lot of market wide interest in the three I's, namely IDBI, IDFC and IFCI.
akky asked, hi pravan .. i guess from ym nick u know who i am . :).. what do u say .. market will go to 20,000 or 9000 ... next one two years??
PRANAV SANGHAVI answers, Hi Akky, I think the markets are more likely to go to 18000 than 9000 over the next few years.
PRANAV SANGHAVI says, Well it has been great chatting with you people. Hope to see you'll next week. Happy investing and bye for now.

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