| Transcript of Chat with Mr. Rohit Srivastava ( Market analyst, SSKI/sharekhan.com ) - Balancing Act : A discussion on risk & returns (04/02/2002) |
[04:26:16 PM] => Myiris : Welcome to the live chat session.
[04:27:42 PM] => Myiris: Our guest today is Mr. Rohit Srivastava, Market Analyst, SSKI/sharekhan.com
[04:30:20 PM] => Disclaimer :
[04:30:44 PM] => Mr. Rohit Srivastava is a market analyst with SSKI/sharekhan.com. At the time of this conversation / chat, Mr. Srivastava may or may not have positions in the stocks mentioned below, although holdings may change at any time. The views expressed by Mr. Srivastava is based upon information that he considers reliable, but does not represent that it is accurate or complete, and it should not be relied upon as such. Mr. Srivastava, his company and its affiliates, officers, directors, partners, and employees may, from time to time, have long or short positions in, buy or sell and deal as principal in the securities, or derivatives thereof, of companies mentioned herein and may take positions inconsistent with the views expressed.
[04:31:08 PM] => None of the information contained herein constitutes, or is intended to constitute a recommendation of any particular security or trading strategy or a determination that any security or trading strategy is suitable for any specific person. To the extent any of the information contained herein may be deemed to be investment advice, such information is impersonal and not tailored to the investment needs of any specific person. You should consult with and rely upon your own advisors whether and how to use such information in making any investment decision.
[04:31:21 PM] => Lastly the views expressed by Mr. Srivastava have no bearing whatsoever with that of IRIS Ltd. IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website www.myiris.com.
[04:31:38 PM] => Myiris : Welcome to the chat session Mr. Srivastava.
[04:36:01 PM] => sureshgujarati : Your opinion of Munjal Auto?
[04:38:14 PM] => RS : Not a stock I have studied on the charts. Sorry.
[04:50:32 PM] => Myiris : Rohit Srivastava will be back in just a moment..sorry for the delay.
[04:53:01 PM] => Myiris : Welcome back.
[04:53:16 PM] => RJ47 : Good pharma picks for the short-term?
[04:53:30 PM] => RS : Syngenta, Novartis.
[04:53:39 PM] => RJ47 : Hows the sensex going to be next month?
[04:54:03 PM] => RS : bearish.
[04:54:13 PM] => Bhanu : Sir, Whats your outlook on Tisco?
[04:55:56 PM] => RS : Buy on declines to 90-80.
[04:56:07 PM] => Soumitra : Do you expect the interest rates to go down further?
[04:57:05 PM] => RS : Not soon and not much.
[04:59:06 PM] => NG26 : Do you expect the markets to improve anytime shortly?
[04:59:19 PM] => RS : Markets have already improved. But they wont get better any soon.
[05:02:12 PM] => Naren : Any good long-term bets in media?
[05:02:28 PM] => RS : Balaji and Mukta Arts.
[05:02:49 PM] => Neyha : Do you expect a bear market any time soon?
[05:03:02 PM] => RS : From a longer term point of view since 6150-sensex we have been in a bear market and still are.
[05:03:10 PM] => Nirav Patel : Outlook on SBI.
[05:03:26 PM] => RS : Bullish short term.
[05:03:36 PM] => Reddy : How to cash in on a boom and how to stay out of a bust?
[05:03:54 PM] => RS : Sell when people talk stocks in the train, buy when everyone is doomed and has lost money in the market.
[05:04:12 PM] => Musafar : Should I buy Zee Tele?
[05:04:21 PM] => RS : No
[05:04:31 PM] => Anita : What are your preferred investment sectors in the current market conditions?
[05:04:45 PM] => RS : Pharma and FMCG and for risk takers IT enabled services and retailing.
[05:04:52 PM] => Raheja : Is Pentafour worth buying?
[05:04:59 PM] => RS : No
[05:05:20 PM] => AG43 : Do you expect any major tax changes in the budget?
[05:05:32 PM] => RS : Yes, but not huge.
[05:05:43 PM] => rajoo11 : What is the risk-reward equation if one is to invest today in shares; with short-term, medium-term and long-term perspectives?
[05:05:58 PM] => RS : Short term 1/10 medium term 3/10 long term 7/10.
[05:06:20 PM] => Vivek : I purchased Satyam Comp at 259. What do u suggest. Hold/sell?
[05:06:33 PM] => RS : Sell.
[05:12:12 PM] => sree_dev : Is it a good time to invest in shares now and what are good shares for this year?
[05:12:25 PM] => RS : No its not a good time for someone with a one year perspective. Co.’s like E-Serve, Novartis, Britannia, Mukta Arts, ACC, Telco.
[05:12:34 PM] => oxypark : Will the markets come down?
[05:12:49 PM] => RS : Yes markets usually top out 2 weeks before the budget.
[05:13:02 PM] => oxypark : I want to make my carrer as a capital market specialist. What should I do?
[05:13:15 PM] => RS : You need a major in Finance. MBA/CA/CFA
[05:13:23 PM] => girishdora : Your opinion about IBP for trading on 4th Feb?
[05:13:47 PM] => RS : long for a few days and then wait for a broader trend to develop.
[05:13:57 PM] => Sanjays : Which stocks look good short-term?
[05:14:07 PM] => RS : Mukta, Syngenta.
[05:15:16 PM] => chravi : Sir, could you please give me the high/low price for Padmalaya on NSE/BSE on 4th Oct 2000 and 5th Oct 2000?
[05:15:26 PM] => RS : 99.25-BSE.
[05:15:36 PM] => SNS 24 : Sir, I hold 100 UB shares. I could not sell the same in this current UB rally because I have not dematted the same. It has been given for demat. What should be the future course of action?
[05:15:55 PM] => RS : You cant do anything and have to wait for the dematted shares to arrive.
[05:16:05 PM] => Sanjeev : Please comment on IPCL?
[05:16:22 PM] => RS : Short term bullish and could see 80 bucks.
[05:16:48 PM] => Sanjeev : Any good PSU scrips that you can suggest?
[05:17:01 PM] => RS : MTNL and BHEL, among smaller ones ITI.
[05:17:13 PM] => Ramesh KT : Please advice on Trigyn Tech, CMC.
[05:17:28 PM] => RS : Both can be held at current levels. CMC will give you access to TCS shareholding. Trigyn is undergoing a tough time as a tech stock. Technically could breakout either way wait for that before selling. To confirm trend.
[05:18:00 PM] => ayanad1: In the present situation and looking at current valuations when do you see risk reward ratio will become favourable to invest in frontline it stock (or in good IT fund) for the short time investment call with 10% ( + or - 3%)return goal.
[05:18:16 PM] => RS : Somewhere in April.
[05:18:27 PM] => Anand : Sir, what do you think the FMCG sector?
[05:18:41 PM] => RS : Doing badly but is a defensive sector and will outperform market crashes.
[05:20:36 PM] => ayanad1: What is your view on IPCL and VSNL? Do IPCL has a strength to cross 85 Rs. mark and VSNL 200 Rs. mark? In this calls risk is higher then reward?
[05:20:49 PM] => RS : No those are the targets right now.
[05:20:57 PM] => Anil Nair : At what level can one enter in to the market?
[05:21:08 PM] => RS : Below 3000 sensex.
[05:21:17 PM] => Sreyas : Sir, do suggest some good tech companies for medium term?
[05:21:29 PM] => RS : Infosys, Digital and Satyam. But buy on declines only and not at current levels.
[05:26:40 PM] => deval patel : I have enough risk free investments already & I want to invest in IT & IT Enabled equity shares. Please suggest some high risk/high return shares.
[05:26:56 PM] => RS : E-Serve is the best bet here.
[05:27:07 PM] => nissarulhaque : How is investment in Hughes Tele.com for Long Term?
[05:27:22 PM] => RS : How long nobody knows not even my charts.
[05:27:28 PM] => Vivek : Outlook on United Phosphorus?
[05:27:36 PM] => RS : Buy on declines but is a trading stock now and gets interest every year around budget time after that story is over.
[05:27:50 PM] => Tirumal : What about Mphasis BFL, E-Serve, Hiduja TMT, Balaji Teli?
[05:27:59 PM] => RS : Good stocks to accumulate on declines but all are high return high risk ventures. E-Serve is relatively stable and so should Mphasis be over time. Media is high risk as it depends on cyclical factors.
[05:28:07 PM] => Sapna : What is your opinion about the media stock? and which you will suggest to invest in.
[05:28:16 PM] => RS : Balaji and Mukta
[05:28:27 PM] => deval patel : I have enough risk free investments already & I want to invest in IT & IT Enabled equity shares. Please suggest some high risk/high return shares.
[05:28:38 PM] => RS : E-Serve.
[05:28:46 PM] => Kumar : Investment perspective about- Jupiter Bioscience, Gillette India, Birla 3M, Pfizer, is it worth investing at current rates?
[05:28:56 PM] => RS : Don’t know about Jupiter but the others are good companies Gillette has broken out on the charts and should give immediate returns.
[05:29:07 PM] => Yogeshv : What do you think will be price range of the bids and what effect do you forsee on the share price of VSNL. Is it worth holding on to after tomorrow.
[05:29:20 PM] => RS : Target 190.
[05:29:29 PM] => Anil : View on TMT sector, specially companies like- Mascot Systems, Aftek Infosys, Ramco System-whether advisable to invest in these stocks in the current lull?
[05:29:39 PM] => RS : Highly risky at current levels.
[05:43:24 PM] => Sanjeev Agarwal : Bayer have taken Aventis Cropscience world wide on 2nd October2001, when will the open offer to be come. Also advise about the stock.
[05:43:36 PM] => RS : Don’t know but it’s a good company.
[05:43:45 PM] => Satyen : please tell me what do u think about arvind mills
[05:43:57 PM] => RS : Buy with a stop loss of 8.50 Rs.
[05:44:06 PM] => Yogeshv : To what price levels do you expect VSNL to reach after tomorrow. What should be the future outlook hold/sell ?
[05:44:19 PM] => RS : 190
[05:44:27 PM] => alj_98 : while evrybody going after Indian Pharma,isn\'t it worth betting MNC pharmas-such as Pfizer,Emerck,Parkedavis,Novartis etc.available at such low valuations-pl.suggest some good pharma pick likely to fetch multibagger returns over medium to long term?
[05:44:45 PM] => RS : Yes it is. You are right but have to be selective. Novartis and Emerk are good so is Glaxo and Hoechst
[05:44:58 PM] => Satyen : I would also like to know as to how does HCL Info looks at this price
[05:45:12 PM] => RS : Not too good but buy on declines for long term
[05:45:22 PM] => Blanche : what in your opinion is the next 6 month target for the sensex.. is it likely to see 2600 index if yes WHY what would be the reason to trigger the sell off. If 4000 why
[05:45:37 PM] => RS : My chart says 2600 may be retested in the coming months. Why who knows I would be prophetic to say so. Maybe a bad budget maybe a war maybe just lack of anymore buying support.
[05:45:48 PM] => MANOJ: how do you feel the media stocks are positioned currently?
[05:46:02 PM] => RS : Some are still cheap but these are high risk/return investments never expose too much of your portfolio to them.
[05:46:17 PM] => Manishm : Do you feel that ZEE has bottomed out... Is the floor of the stock likely to be 115 . Long term prospects on ZEE
[05:46:30 PM] => RS : No the floor price is 50 and the ceiling is 150.
[05:55:44 PM] => g.n.c.sekar : what is the fate of information technology and vikas wsp .Is it advisible to hold.
[05:56:02 PM] => RS : The stock has been delisted. what can u do
[05:56:11 PM] => Aditya Kishwar : Is the euphoria about PSU stocks justified? Any good picks in the ones listed?
[05:56:22 PM] => RS : Yes it is. MTNL and BHEL
[05:56:32 PM] => thinking_of_one : about sci & gesco
[05:56:48 PM] => RS : good. both of them
[05:57:05 PM] => uttam : Bill Gates has told that he does not see growth in software in 2002 will this effect indian IT companies
[05:57:14 PM] => RS : If he said so yes
[05:57:43 PM] => manoj.thakar : which sector is expected to highest returns?
[05:57:59 PM] => RS : IT enabled services, media and select pharma.
[05:58:57 PM] => kartikeyan : Is the Budget likely to be a dampner. Besides "Talk" what in clear terms can the Finance Minister do. Is it going to be policy rationalisation or do you see huge tax breaks and sops being offered.
[05:59:13 PM] => RS : I think it will be another unachievable budget. But that’s my opinion and not a scientific analysis.
[05:59:35 PM] => kichuanand : why ur calls went wrong on zee and indo gulf last year?
[05:59:43 PM] => RS : They did? I wasn’t here then.
[06:00:23 PM] => kichuanand : what do u feel about cement stocks? ACC Larsen, India Cement?
[06:00:45 PM] => RS : Current rally is over. buy on declines only, and well after the budget.
[06:00:58 PM] => blanche : Your guess on the tender of IBP
[06:01:13 PM] => RS : No guesses
[06:06:29 PM] => kichuanand : do u think this analyst sitting there are doing a good job as all the investors have lost money taking a call on tech shares
[06:06:42 PM] => RS : No if you lose money it’s a bad job.
[06:06:55 PM] => Anand : Do you think the global and Indian markets will fully recover by end of 2002? before? later? is this a good time to invest in tech shares?
[06:07:16 PM] => RS : Yes, they will, but this is not the right time to invest.
[06:07:50 PM] => kichuanand : if u see the amount of money people have lost in the stock market in both Harshad and Ketan Parekh why u feel investor should invest still now?
[06:08:46 PM] => RS : People lost money because of greed…because they didn’t take home what money the two punters made for them. The biggest lesson in the market is to learn to sell when you have made a profit. Read "Its when you sell that counts" - Donald Cassidy - it’s a must for investors.
[06:08:57 PM] => sam : Is it worth to enter TVS Motor at 270?
[06:09:29 PM] => RS : Not good.
[06:09:47 PM] => stallion141 : Do you think its the right time to invest in ONGC at current valuations? What are the company's prospects after APM is dismantled?
[06:09:59 PM] => RS : ONGC is a good long term investment.
[06:10:21 PM] => kichuanand : Crompton Greaves what is price range u expect within a year?
[06:10:44 PM] => RS : don’t know, haven’t studied it.
[06:10:55 PM] => Swaroop Potdar : How can one learn 100% pure day trading where you open and close deals within few minutes like in a 4 to 6 minutes.
[06:11:12 PM] => RS : Didn’t understand ur Q.
[06:11:28 PM] => Sudhir R Singh : I have got 500 shares of Reliance Petroleum at Rs. 33. I want to purchase another 500. Is this the right time to buy considering the increased tension between India and Pakistan on the border, which will have a great impact on the RPL refinery field.
[06:11:49 PM] => RS : No. you should get it for 22-20.
[06:12:50 PM] => Myiris : Thats the end of the chat session for today.
[06:13:23 PM] => Myiris : We thank you all for logging on to myiris chatmasala.
[06:14:53 PM] => Myiris : Our thanks to Mr. Rohit Srivastava for his time and insights which made this a lively event.
[06:15:16 PM] => Myiris : Tille we meet again, its bye from us.........
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