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Own Infy, DLF, TCS? Here's some advice

January 09, 2008 18:00 IST

The Sensex opened with a positive gap of 30 points at 20,903. But, weakness in overseas markets saw the index soon slip into the negative zone. The index dropped to a low of 20,701 - down 202 points from the day's open.

Fresh buying at lower levels helped the index recoup losses and rebound into the positive zone. The buying momentum was so strong that the index rallied past the 21,000-mark to hit a fresh all-time intra-day high of 21,113 - up 413 points from the day's low.

Pundits have predicted that the Sensex will cross 27,000-mark. So should you hold on to your portfolio or sale? What should be your investment strategy? Stock market expert Pranav Sanghavi answers some of your queries.

PRANAV SANGHAVI says, Good afternoon and hello everyone. Welcome to the chat and let's begin.

amit asked, can one remain invested in infosys & TCS right now or shd sell them off and invest the amount in other scrips
PRANAV SANGHAVI answers, I would remain invested till the results. If there is a rally I owuld use it to exit. As I dont' see hitting new highs very soon.
wewe asked, wat abt dlf
PRANAV SANGHAVI answers, I rate DLF a buy even at these rates. A couple of months back when the markets had corrected I had recommended a buy at around 550 levels. I would still rate it a buy and I expect good results for December quarter as well as March 08 results.
anish thakurgota asked, hello sir. I've got gvc films, whirlpool india, gangotri iron &steel and ikf technologies.I am keeping this for short term.So, Now what to do? Do i need to hold them or sell them off ?
PRANAV SANGHAVI answers,  at 2008-01-09 16:02:57Hello Anish. It depends on your profit target. If you are making the profit thenI would advise you to book the profit and invest in quality frontline growth stocks.
anish thakurgota asked, Hello Sir! I ve no idea about mutual funds and how to deal with them? Can you please send me some information regarding mutual funds and good investment options?
PRANAV SANGHAVI answers, Do send me an email with your contact details and I shall send out some information.
karan asked, Hi Pranav, Good Afternoon please give your thoughts on how many shares of Reliance power should a retail investor apply for, in order to get some/max number of shares allotted.
PRANAV SANGHAVI answers, Hi Karan. Rel Power looks to be oversubscribed heavily. So put in the maximum limit allowed and hope for the best. They are enticing the retail segment as they need to put in only 25% of the value of shares applied for.
karan asked, the markets are again at historic highs, do you see any stocks undervalued at this point. if yes name the most promising ones which you feel will do well in future in the long term.
PRANAV SANGHAVI answers, There are a lot of stocks who are lagging behind in terms of valuations. You will have to look at the second tier of stocks for the same as most of the frontline are fiarly valued.
rahul asked, Hi, I hv bought Varunu Shipping India @ 89 and Deccan Chronicle Holdings @215. Is it a good scripts to hold on. What will be appreciation in 3 to 6 months.
PRANAV SANGHAVI answers, Shipping is a cyclical sector but it has maintained its up curve for some time now and looks to hold on. Varun has also made some new acquisition and are also raising fresh funds. I would hold on. Deccan Chronicle I don't follow.
pp asked, hi sir what is regsion that sah petro is going down and down
PRANAV SANGHAVI answers, Sah Petro is a lubricant stock. They work on margins between the cost of raw material being crude oil and its derivatives and its fdinished products being lubricants. The lubricants price is not rising as fast as the crude oil oprices are rising. Therefore there could be some possibility of margin shrinkage which could be leading the stock down.
pp asked, i have ashok lay 7200 @ 50 what i should do
PRANAV SANGHAVI answers, I would hold on as a long term play. Beyond another 6 months when the interest come down marginally the CV segment should get some further boost.
akkyboy asked, what is your idea on sotkcs like gmr infra , rel petro for short to medium term
PRANAV SANGHAVI answers, Fine thank you. I am bullish on GMR Infra witha medium to longer term outlook. THey have some good projects on hand and the parent has displayed its ability to complete large projects. RPL is a hold for sure with a 1 to 2 year outlook. You should substantial gains on the stock even from current levels.
danes asked, hello sir. what is your opinion on lloyd steel?
PRANAV SANGHAVI answers, Not much. I would exit.
Ram asked, Tell me about SIP Mutual fund
PRANAV SANGHAVI answers, An SIP MF is nothing but a fund that allows you to make regular investments. SIP stands for Systematic Investment Planning. Its a great way to save in small amounts for a long term. It also nullifies the volatility of markets.
sandeshn asked, Hi Pranav, I have brought Hinalco 214.75 & IFCL 97.50 on 1st Jan 2008. Should I hold for two months
PRANAV SANGHAVI answers, Yes surely. You can hold on to Hindalco for another 2 years.
danes asked, Hello pranav, How do you exit when the shares hit lower circuit everyday?
PRANAV SANGHAVI answers, There is an option to put a trade till end of settlement. You could try putting an order with that option. But most probably on lower circuits it is difficult to sell.
rohitr asked, your take on ispat industries pls.. i took 10000 shares at 75.79..should i book loss? or hold? thanks
PRANAV SANGHAVI answers, You have got in closer to the highs. You will have to hold on for some more time before you see your price. But you could exit once in profit and look at better stocks.
arvind asked, All Broking companies are said LIC Hosuing will reach Rs.420 I have purchased the share @377 now the share running @367
PRANAV SANGHAVI answers, LIC housing will get a boost once the interest rates come down a bit. The banks have already made a concious decision to reduce housing loan rates even though the central government has not yet reduced interest rates. So beyond 6 to 12 months LIC hsg. looks like a good hold.
Ravin asked, I would like to purchase some banking stocks whether it is the right time
PRANAV SANGHAVI answers, Yes especially all the midcap public sector banks look good for short to medium term invesment.
raviii asked, Hi sir wht is mean trade to trade & some stocks r in t2t group whts the logic behind tht....?
PRANAV SANGHAVI answers, Certain stocks due to irregular trading activity get shifted to the T2T segment on the exchange. Basically all trades even squared off trades result in delivery. Like if you buy 100 shares and sell them a bit later on the same day, you will have to give delivery of the sale stocks and take delivery of the purchase stocks.
Nilesh asked, I have Noida Toll, Vijaya Bank and Nocil, What is the future?
PRANAV SANGHAVI answers, Noida TOll is giving decent results and looks to continue giving the same. But they are also looking to develop some land near the Gurgoan expressway and that could result in some value appreciation in the scrip.
raviii asked, hi sir i hve gujrat state petrolium ltd 100 shares @ 97 whts feauture of this company i can hold this share for 1 year....thx?
PRANAV SANGHAVI answers, Yes you could continue to hold on.
akhil asked, i have colgate whether i sell or retain them
PRANAV SANGHAVI answers, Hold on. All the FMCG stocks have got a spurt over the past few days. Colgate being no exception. So hold on.
Yogendra asked, I have 7000 shares of Kedia Infotech @ 1.88, but presently there is o trading of this company. What do i do?
PRANAV SANGHAVI answers, Write to the company and ask the promoters to buy it back.
shr asked, Future Capital IPO- what do you suggest
PRANAV SANGHAVI answers, I would look to invest. They have a strong management and have picked up some people from GOldman Sachs and other leading institutions from overseas. Also, they have made some good investments which should yeild returns over the next few years.
ansal properties asked, I have 30 shares of Ansal properties @ 420. what is the target price of Ansal properties?
PRANAV SANGHAVI answers, I wont be able to give you a target as I am not a technical analyst. But you could surely look at returns of over 40% on the stock in a years time.
amit asked, is it right time to buy HDIL
PRANAV SANGHAVI answers, I would like to buy on dips.
pravs asked, Hello Pranav, can you tell me the prospects of Kaashyap Technolgy, Ispat Industries Ltd, POwer Grid & Nandan Exim Ltd. -- Should this shares be kept on hold or should be sold...if to be hold then till what extent?
PRANAV SANGHAVI answers, From the stocks you mention I would hold on to Power Grid. Book profits in the others.
hari asked, Hello Pranav. gd day. would like to invset Rs.600000 in Everest kanto, Nitin fire protection, mundra port, Jindal saw RNRl and Marg construction. Is it right time to enter? and what would be your idea of getting benefit out of these.Thanks for the answer
PRANAV SANGHAVI answers, Everst Kanto is one of the largest players in the cylinder market in the country. They also have some exports and have given fantastic results over the past few quarters and look to continue doing so. I would surely hold on. Jindal and Marg are good holds. Marg looks to cross the Rs. 1,000 mark soon.
PRANAV SANGHAVI answers, L&T is still a great stock. I had mentioned a buy last week when the stock was around Rs. 4000 it has moved up to around 4,300 and will still further go up once its results are out.
gandhivikas asked, Which NFO should we go for?
PRANAV SANGHAVI answers, You will have to consult your MF advsior.
Parvinder asked, i have shares of ABGSHIP yard. is this the right time to sell it
PRANAV SANGHAVI answers, It has given a substantial jump in its turnover and net profit. I would hold on.
PRANAV SANGHAVI answers, Surely hold.
riyas asked, Hi Pranav, I have invested rs 10,000 each in ICICI prudential real estate, ICICI Infrastructure, UTI infrastructure advance series 1, BNP Paripas thematic energy fund. Is that the right investment for minimum 3 years to get good return. Please advice. Thanks a lot
PRANAV SANGHAVI answers, i think you have made good choices of Funds with a strong bias on the real estate an infrastructure sector. But I see that sector grow rapidly over the next few years and you should benefit from the same.
jvpatelyes asked, sir which stock buy at this time
PRANAV SANGHAVI answers, Even though they have moved up, I would still go with the stocks I mentioned last week like RIL, SBI, L&T, DLF and some more like R Com and Bharti.
Ansh asked, Hi Pranav,Good Afternoon. Pranav I hold 150 shares of HFCL @ Rs25.5 What is the future of this stock?Should I hold it or exit?
PRANAV SANGHAVI answers, I would book proifits and look at other quality stocks.
Avick asked, Wht is the Prospect of NEVELYE LIGNITE
PRANAV SANGHAVI answers, It has good prospects. Their power generation plans are on and they also have captive supply from their moines for the coal for their power plants. India is a power hungry country.
Dinker asked, Hi Pranav What about Infosys and Gujarat Ambuja?
PRANAV SANGHAVI answers, Infy I would wiat for the results and Guj. Amb. can be held with a long term view also.
rahul7781 asked, i have 300 shares of future bhel-31JAN@2516. Should i hold or exit
PRANAV SANGHAVI answers, I would hold on. Keep some funds aside for mark to market margins if required but you could hold on to see some profit.
srb asked, hi pranav, i have adani enterprises@667, where do u see adani in another 3-6 months ttml@43, do u expect momentum in this stock in the next 1-2 months
PRANAV SANGHAVI answers, You could hold on to Adani for another 6 months also. You should see a 10 to 20% return on the stock. TTML looks to be valued I would use a rally to book profits.
venu asked, I hold the shares of following companies. Please advise whether to hold or sell INFOSYS, SBI, ICICI BANK, TCS, GMR INFRA, SANGHIV MOVERS, NETWORK 18
PRANAV SANGHAVI answers, All are good stocks.
Billu asked, Sir What are your views on Indian Hotels and EIH
PRANAV SANGHAVI answers, I would be a strong buyer on the same. Especially Indian Hotels which I think is pretty undervalued even at current levels.
Dinker asked, Hi Pranav Infosys (result on 11th) and Gujarat Ambuja (Have not participated in teh rally for long). What is your opinion for short term?
PRANAV SANGHAVI answers, In the short term there should be a short rally in the results season before a correction before the budget.
kishore asked, hello sir, where our market is heading towards? should we get to face a major fall in the history? we should book our profits and stand a side and waits for the right time to enter in ??plz suggest .
PRANAV SANGHAVI answers, Stay invested till the results season. In that rally you could sell and book profits.
Ansh asked, Pranav what is the future of MindTree?
PRANAV SANGHAVI answers, Mindtree is a quality consulting firm. They need to give better results for the next 2 quarters. Which I think they will.
ali asked, i m asking about relence power ipo shoul i have to apply or not
PRANAV SANGHAVI answers, It looks to be oversubscribed many times over. So you could apply but allotment is another issue.
sanju asked, What will be the correct level to get into RELIND?
PRANAV SANGHAVI answers, The short term there could be an upside of 200-250 from current levels post results.
riyas asked, Hi Pranav, I have bought ONGC 15 shares at Rs 1317 and Tata chemicals 15 shares at 375. What is the future of these stocks for atleast 3 to 6 months. Thanks
PRANAV SANGHAVI answers, You could hold on to both with a 6 month outlook surely.
Nilotpal asked, I hold bought shares from Hotel Leela (@72.15)and ARL(@7.05). Also I have Dish TV(@93.50). Please suggest about their prospect in short term.
PRANAV SANGHAVI answers, Hotel Leela looks a good bet from the stocks you mention.
jass asked, hi pranav shud i hold my powergrid shares
srb asked, what's your take on bio fuel companies like Southern online bio tech, ifk there real action happening in this sector or more operator controlled at least ifk
PRANAV SANGHAVI answers, I am extremely bullish on them. With the increasing ris ein crude oil and also environmental threats like global warming I think eco frienly fuels have a big role to play in our future. Countries like Argentina have allowed a blend of Ethanol upto 18% with Petrol. Where as we are still at 5%.
Patil asked, I want to buy Rel Power next month. Any idea about listing price ?
PRANAV SANGHAVI answers, In the grey market prices are close to double at around Rs. 900. So it could list around there.
mehul asked, at present for short term should i invest into to Mundra sez Or Ril comm ? Pls suggest.
PRANAV SANGHAVI answers, I would go with RComm.
sameer asked, Hi Pranav, whatare short term target for Maars Software,Pentamedia? Also I want to enter Nocil & ennore Coke & Power? Is it right time?
PRANAV SANGHAVI answers, I wouldn't look at boht those stocks and I would recommend to exit.
mansi asked, utvsoft purchased @950 what is the future of this stock
PRANAV SANGHAVI answers, They have some further expansion plans on cards and probably some demerger of one its business which could add further value.
Deepak asked, Hello, I want to future of stocks like IFCI, Nitin Spinners, Birla VXL, UCO Bank, Nandan Exim (6 months perspective)?
PRANAV SANGHAVI answers, IFCI would depend only on what the government decides to do next with teh company's plans for sale of its part stake. but without management I doubt if a lot of bidders will resurface. UCO and Birla VXL are good holds.
chat asked, i have got cholamandalam dbs, midday, nocil, pyramid symira ..are they hold or shoudl eb profit booking??
PRANAV SANGHAVI answers, You could hold on to them.
suresh asked, Hi pranav I want to invest 50k in stock. Could u please suggest which will be the best by for 6 month
PRANAV SANGHAVI answers, I would still say go with stocks like RIL, SBI, L&T, DLF, and also stocks like NTPC, IDFC, Vijaya Bank etc.
Vikas asked, Hi Pranav, What do you think is better way of investment..Buying mutual funds or buying stocks in general when one doesnt have time to follow the trends and news..Thanks
PRANAV SANGHAVI answers, I would surley say that Insurance and MF's are far better ways to enter the maket if you do not have the time to devote to market trading and investment. Insurance sector last year beat teh MF;s in terms of funds invested in to the equity markets and this year look to beat the FII's funds.
viv asked, Hi ! for long term prospects , should I invest Rs 1 lac in rel. petro stock ??
PRANAV SANGHAVI answers, Yes you could with a 2-3 year outlook.
PRANAV SANGHAVI answers, DSP Tiger Fund, HDFC Growth FUnd, Templeton all have given great returns. There are many more available to choose from you could consult a MF advisor before taking a decision.
jitendra asked, hi pranav tell me about ashok leyland i have purchased 100 shares @ 52
PRANAV SANGHAVI answers, Hold on.
kl asked, Can I enter Bharat Forge at these levels ?
PRANAV SANGHAVI answers, Yes you could look at it surely.
chat asked, what should be done for tcs..i ahve @1093..
PRANAV SANGHAVI answers, Book profits when it crosses that figure and invest it in a growth stock.
niki asked, wat is the position of midcap shares
PRANAV SANGHAVI answers, All the midcaps are witnessing a much needed correction. THey have been rising rapidly over the past month. I would hold on or look for stocks to buy.
jolo asked, hi sir, RCOM will go up to 1200 in 3-4 month sessions????
PRANAV SANGHAVI answers, I don't know if it can do a 50% jump in 3-4 months but it has moved from Rs. 500 levels around 4-6 months back to Rs. 800 levels currently. The company looks to continue giving good results over the next few quarters.
PRANAV SANGHAVI says, Well its time for me to leave. It was great chatting with you all and hope to see you'll next week. Bye.