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'Market may correct further'

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March 07, 2007 13:19 IST

PRANAV SANGHAVI says, Good afternoon everyone. Welcome to the chat. Let's begin.
sanjay asked, Hi Pranav ...
PRANAV SANGHAVI answers,  at 2007-03-07 11:59:26Hi Sanjay, I think in the previous chats I have asked people to hold on as there has been recent news of demerger. About 6 months or so back I had asked to switch but the markets are always news based. So with the demerger news I would ask you to hold on.
sk asked, hi pranav, I am holding 50shares@450 of prsvnath, what to do? And which stocks are good to invest across different sectors now?
PRANAV SANGHAVI answers, I think the tech stocks will continue to outperform the markets. The infrastructure sector also will do exceedingly wellover the next few years. Select bank stocks also should perform well.
GURU asked, HI PRANAV MAY I KNOW ABOUT UTI SCAM
PRANAV SANGHAVI answers, Please be specific in your query as to what you are referring to.
JIGNESH asked, hi! my self jignesh
PRANAV SANGHAVI answers, HI Jignesh and what is your query today?
sanjay asked, at present value of Teledatain is 40
PRANAV SANGHAVI answers, I think it will still further appreciate as the demerger process gets completed.
neena asked, what is your view on NTPC? I bought at 143.00 (400 nos), How is HEG @ 184.00 bought ?
PRANAV SANGHAVI answers, With the projected shortfall in the power sector I think NTPC is a safe bet for a long term play. HEG also could be held on.
Mani asked, I am from Singapore and here many experts are telling the investors to avoid the Indian market. What is your opinion?
PRANAV SANGHAVI answers, If you are a longer term player, I don't think there is any need to worry. The India growth story is pretty much intact. Yes inflation is a concern but the government is making efforts to control the same. Being in Singapore you do have access to various other markets so it would pretty much depend on your advisor where he is comfortable in investing your money.
umakant asked, Hello Pranav. What is yr take on ALOK INDUTRIES, HIND CONSTRUCTION and ALSTOM PROJECTS ?? I am a long term investor.
PRANAV SANGHAVI answers, Hi Umakant. I think HCC is a good bet with a 1 to 2 year outlook. Alstom projects can surely be held on to. Alok Ind I don't follow.
vishan asked, hi pranav...i am holding 100 shares in Punjlloyd at Rs.970. will it recover? can i hold that stock considering the post budger scenario..?
PRANAV SANGHAVI answers, Hi Vishan, The metal stocks are pretty cyclical as there are contant changes in prices in local and foreign markets. So one has to keep a close watch on the sector and price movements around the world.
vishan asked, hi pranav...i am holding 100 shares in Punjlloyd at Rs.970. will it recover? can i hold that stock considering the post budger scenario..?
PRANAV SANGHAVI answers, Hi Vishan, The metal stocks are pretty cyclical as there are contant changes in prices in local and foreign markets. So one has to keep a close watch on the sector and price movements around the world.
vishan asked, hi pranav...i am holding 100 shares in Punjlloyd at Rs.970. will it recover? can i hold that stock considering the post budger scenario..?
PRANAV SANGHAVI answers, Hi Vishan, The metal stocks are pretty cyclical as there are contant changes in prices in local and foreign markets. So one has to keep a close watch on the sector and price movements around the world.
vishan asked, hi pranav...i am holding 100 shares in Punjlloyd at Rs.970. will it recover? can i hold that stock considering the post budger scenario..?
PRANAV SANGHAVI answers, Hi Vishan, The metal stocks are pretty cyclical as there are contant changes in prices in local and foreign markets. So one has to keep a close watch on the sector and price movements around the world.
vishan asked, hi pranav...i am holding 100 shares in Punjlloyd at Rs.970. will it recover? can i hold that stock considering the post budger scenario..?
PRANAV SANGHAVI answers, Hi Vishan, The metal stocks are pretty cyclical as there are contant changes in prices in local and foreign markets. So one has to keep a close watch on the sector and price movements around the world.
vinay asked, i have 80 shares of wockhardt at 380.what shall i do now.
PRANAV SANGHAVI answers, I would hold on.
BAGRI asked, WHAT IS THE FUTURE OF GITANJALI GEMS
PRANAV SANGHAVI answers, They have announced some acquisitions in the USA but we need to study the results of the company over the next few quarters before making a call. Although importers of rough dimonds have benefited through the reduction in import duties thereby a marginal increase in the margins for finished exporters.
Suresh asked, I Want know about Vishal Exports. What Shall I do with this script? Hold Or Quit
PRANAV SANGHAVI answers, I am sorry I dont follow that script so will not be able to help.
JYOTHI asked, what is your openion on kec infrastructure, rpl and mcleodruss
PRANAV SANGHAVI answers, KEC could be held on as it is indirectly related to the power sector which should see good growth over the next few years. RPL has to be held for a slightly longer term of 2-3 years to see substantial gains. And mcleod is a tea sector stock which is a cyclical market so the price movement could be in sync with the commodities price movement.
JIGNESH asked, i have 5 shares of wipro @430/-, what to do?
PRANAV SANGHAVI answers, Buy more at times of such corrections and obviously hold on.
yogesh asked, hi, i am holding 100 shrs dr reddy @766 now what to do?
PRANAV SANGHAVI answers, Hold on.
Prabhu asked, hello Pranav Gud Morning
PRANAV SANGHAVI answers, Hello Prabhu, good afternoon.
lodha asked, yr views on voltas ltd
PRANAV SANGHAVI answers, Good bet for a 6 to 12 month outlook.
vishalvj23 asked, hi what is thw pr. of hindalco ?
PRANAV SANGHAVI answers, Hindalco will take some time to digest its acquisition. So you could see sideways movement for some more time.
stockbeast asked, Hi Pranav Based on the feedback from the analysts, it seems our market might further get corrected to 11,900 plus. Do you think so ? Or the necessary correction happened already and the market should go up further now and not go below the 12,000 mark?
PRANAV SANGHAVI answers, Yes, the correction has taken place but the global sentiments will also play a role in our markets. Factors like Yen carry trade, US economic figures and Fed Rate etc. But I think there is a possibility the markets could remain volatile for some more time and may be the March quarter results in April could be a trigger for a bull rally.
rohit asked, whats your view on L&T?
PRANAV SANGHAVI answers, At these levels it is a buy. It has a tremendously strong balance sheet and a huge order book.
Mani asked, I read many articles that there will another of todal wave (more correction) soon. Is this the right time to enter the market or wait?
PRANAV SANGHAVI answers, even the market savvy investors are facing tough times in the market, so if you are a fairly new entrant I would advise to stay away as markets would remain volatile for a short while atleast.
mahesh asked, hi, im holding centurain tex @620. wat should i do now?
PRANAV SANGHAVI answers, If you are a longer term player
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hold on.
drshetti asked, Good morning Pranav do you see value in HPCL/BPCL after recent crash?? any point in buying
PRANAV SANGHAVI answers, Crude has moved up from lower 50s to US$ 60. So the margins of the refiners will get affected as there is no equivalent hike in retail prices. So I would buy into the stocks when the crude would go lower.
lodha asked, yr views on Srei infrastructure
PRANAV SANGHAVI answers, It has been a long standing player in the infrastructure sector and also has some strong equity investors like IFC, Washington. So with a 1 to 3 year outlook it is a decent bet.
Prabhu asked, Ia it gud buy TVS motors @ current levels
PRANAV SANGHAVI answers, You must keep in mind it has tough competition in Hero Honda and Bajaj Auto. So watch the monthly sales figures closely and its quarterly figures. I would still go with Bajaj Auto.
partha asked, I have 10 ACC @977, 38 L&T @1268, 12 RIL @1287, 20 INFOSYS @ 2204, 19 SIEMEN @1092, 11 RELCOM @418. These all includes borkeage charge of 1%. I want to use it in my daughter marriage after 20 years. I am now confused should I book profit time to time or book profit after 20 years. Please suggest.
PRANAV SANGHAVI answers, With the kind of stocks you are holding surely after 20 years and you could probably be able to marry off a few more children if you accumalate all gains.
drshetti asked, CONSTRUCTION sector whats u r pick
PRANAV SANGHAVI answers, I think HCC, Penninsula, Unitech are good bets. Indirect would be IDFC, IVRCL etc.
lodha asked, your suggestion on IVRCL
PRANAV SANGHAVI answers, I would hold on.
vishwa asked, is balaji telefilms a good buy at these levels ?
PRANAV SANGHAVI answers, The midcap stocks always get corrected sharply in times of a correction and take that much more time to gather momentum. But Balaji is a quality media stock so you could look at it with a 1 year outlook.
smuuth asked, hi mr. pranav according to technical analysis from 2002 on Sensex shows that it follows elliot waves. will it collapse after an up(now in A, it may follow B after that???)?
PRANAV SANGHAVI answers, As I have mentioned earlier that I am not a technical analyst but I dont think the markets will completely collapse. At some point fundamentals will kick in and investors will see value at certain valuations.
varun asked, is it a good time to sell sasken shares?
PRANAV SANGHAVI answers, Sorry I don't follow that stock.
Ziya asked, What is your view about fourth quarter results?
PRANAV SANGHAVI answers, I think the frontline corporates will continue the stellar results they have shown in the previous quarters. I don't think there will be negative results.
lucky asked, Hi, This is Gargi. Thanks for ur advice on Mindtree IPO. Though i missed it. Wat are your suugesstions on forthcomming IPOs. And would like ur opinion on Tata steel. I am holding @470. Will it ever touch the 700 mark again??
PRANAV SANGHAVI answers, For Tata Steel It would take some time to reach that price target. As it has acquired a much much larger player than itself. In terms of forthcoming IPO's I have not come accross any interesting ones as yet.
Rajeev asked, hi pranav i took Sobha Developers at 800 (now 670) and Indiabulls at 450 (now 400). should i hold or sell. Further, when will Idea Cellular be listed.
PRANAV SANGHAVI answers, I think Sobha could see some further correction before it moves up. Indiabulls could be held on as it should give strong results for the March quarter. Idea should list any day as Mindtree got listed today and they closed only a day or two apart.
chaitu asked, i bought adlabs for 450 nd it went 520 but still i hold on those shares, but now its 413? do u think myself a good strategy
PRANAV SANGHAVI answers, If you are a long term investor then yes you have picked a good stock from a particular sector and not let the short term market movements change your decision. But if you are a short term investor then you should study the market more closely and also book profits at timely intervals.
sanjeeb asked, i have a nifty fut.March at 4058.00.What to do?
PRANAV SANGHAVI answers, You may have to book a loss on the series unless the global markets continue todays performance over the next few days. Then you could see higher levels.
vishwa asked, i hve 250 of geshipping @ 216 shall i hold on ?
PRANAV SANGHAVI answers, Yes you could hold on.
neha asked, hello sir,Good afternoon, i have 1000 shares of maxwell @ 40.can u tell me the target for short term?
PRANAV SANGHAVI answers, Hello Neha, good afternoon, I do not follow the stock so will you be able to help you.
drshetti asked, TATA TEA at 575 down 850 level is that a buy?
PRANAV SANGHAVI answers, Although Tata Tea is a commodity stock but it has a strong balance sheet and with a longer term outlook it is a decent bet in the Tea sector.
Prateek asked, How do you see cement stocks, esp Grasim, in a medium term prospective?
PRANAV SANGHAVI answers, I think in the longer term it should do well in the short term it may underperform more because of sentiment then corporate performance.
kin asked, wat has gone wrong wid tech mahindra...its on a continious down ward slide....even contrary to the occasional rally in IT sector?
PRANAV SANGHAVI answers, The whole market has corrected but you could hold with a year outlook it should perform well. It is a fundamentally strong stock.
tarun asked, hi , i bought ITC & Tata Tele , toaday morning , till what time should i hold them
PRANAV SANGHAVI answers, Atleast a 1 year outlook.
Raghav asked, I have Canara Bank@Rs190.00, Arvind Mills @Rs55.00, Exide industries@44.00, should I hold or sell
PRANAV SANGHAVI answers, Hold if you are a longer term player.
lodha asked, Wipro at current levels
PRANAV SANGHAVI answers, Surely a buy.
ARUP asked, Hi when the market will stable.
PRANAV SANGHAVI answers, Maybe in a couple of months.
tarun asked, please recommend som mid stocks at this level
PRANAV SANGHAVI answers, At this juncture I would stay away from mid-cap stocks.
PRANAV SANGHAVI says, Sorry there was some technical problem at my end, lets continue the chat.
Rajeev asked, heard much about market correction. is this reduction from 14500 to 12500 a correction already or more downward correction can be expected.
PRANAV SANGHAVI answers, A further downward correction cannot be ruled out.
sojdominic asked, Sir, I am holding the shares of Jetairways for 640 and moserbaer for 392. Now it is 570 and 312 respectively. Shall I hold it. what are the future prospects of these two shares?
PRANAV SANGHAVI answers, As I have mentioned earlier airline stocks can be a bit tricky. Also the airport taxes are being raised which could adversely effect the airline stocks sentimentally.
Prateek asked, Also how do you see Sterlite Performing in a longer term prospective? i somehow find this stock under valued at 450s ... how is your view sir?
PRANAV SANGHAVI answers, Yes in the longer term it should perform.

Chat with Pranav every week!
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