PM] => Welcome
to the chat session at myiris.com
[04:31:17 PM] => Myiris : Our
todayís expert guest Mr Gurunath Mudlapur from Khandwala Securities
will be joining us very shortly
[04:32:08 PM] => DISCLAIMER
[04:32:21 PM] => Mr. Gurunath
Mudlapur handles the research operations at Khandwala Securities
Ltd. At the time of this conversation / chat, Mr. Gurunath
Mudlapur may or may not have positions in the stocks mentioned
below, although holdings may change at any time.
[04:33:08 PM] => The views expressed
by Mr. Gurunath Mudlapur 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.
Gurunath Mudlapur, 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. 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.
[04:33:34 PM] => Lastly the views
expressed by Mr. Gurunath Mudlapur 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.
[04:41:55 PM] => Myiris: Welcome
to the chat show Mr Gurunath, shall we begin the session
[04:42:15 PM] => GM
: Hi, good afternoon everybody, lets start the session
[04:42:36 PM] => Jaan: Suggest
top three picks among sensex stocks which can give a reasonable
return of minimum 25 per cent p.a? Can one invest in Infosys,
Satyam and Wipro at current levels?
[04:43:55 PM] => GM:
Top three picks at this stage, considering the long term investment
perspective of over one year, would be Larsen and Turbo, Hindustan
Lever and Dr. Reddys at lower levels. The IT stocks could
be invested after another 10% correction in their prices.
In the very short term, cash would be an out-performer.
[04:44:32 PM] => Cherry: Where
should one invest in such panic times? What sectors and stocks
can one enter and at what levels?
[04:45:49 PM] => GM:
60% in defensive stocks, 25% in risky sectors and 15% in cash.
This, we believe is the ideal portfolio structure. Look at
sectors like Healthcare, Infrastructure, Steel (only TISCO)
and select IT stocks. Look at quality businesses, good management
and dominant market shares for investment.
[04:46:42 PM] => Kartikeyan: Do
u see the index stopping at 2160 or do u see it going down
any further,. Which stocks / sectors would you enter at that
stage !!! WHY ?
[04:48:22 PM] => GM:
I am not very bearish on the Index, but would not like to
comment on where the Index could go to, at this stage. The
answer for the latter part is already spelt out earlier. The
investment rationale is to buy the best companies in good
and sustainable businesses at very cheap valuations and hold
for medium to long term.
[04:50:18 PM] => Manoj: What is
the next support level for sensex?
[04:50:50 PM] => GM:
We see some support at about 2400 levels
[04:51:54 PM] => Eric.clapton:
Is the software sector going through what you would call a
[04:52:31 PM] => GM:
Yes .... you have got it right.
[04:53:33 PM] => Nehal: What's
your view on Godrej Consumer Products Limited? For the first
quarter after de-merger the company has done well and its
brand are gaining market share? ]
[04:54:22 PM] => GM:
We are bullish on the company, it business growth potential
over the longer term
[04:55:12 PM] => Pinky: How do
you forsee the FMCG sector growth at this year? Can one invest
in defensive stocks like HLL, Colgate, Cadbury etc? What's
the ideal PE at which one should enter these scrips?
[04:57:00 PM] => GM:
I see that the FMCG sector growth to be moderate this year.
One can selectively invest in FMCG companies, but at lower
valuations. PERs are company centric and cannot be generalized.
[04:57:50 PM] => Trader90: Is
software boom going to end the same way as the tulip mania,
railroad bubble and electricity frenzy?
[04:59:21 PM] => GM:
I think it has more or less already ended. But, there are
now very good investment opportunities emerging in the sector.
[05:00:29 PM] => Trader90: Do
Hughes Software and HCL tech make good buys at these levels
[05:01:51 PM] => GM:
U could buy HCL tech at much lower levels as the client profile
is slightly skewed in terms of high end project and service
[05:12:12 PM] => Amit
: the market has crashed to such a low that the retail investor
has lost faith in the market. where do you see the market
to go from here
[05:13:36 PM] => GM:
There will some more correction at this stage and I expect
the markets to begin reviving from December.
[05:14:29 PM] => Cool : which
stocks do you think will pick up in the future
[05:15:00 PM] => GM:
Larsen, Hll, Infosys, Wockhardt, Tata Power
[05:15:49 PM] => Investor: I think
pharma & oil&gas (if apm dismantle)are the area of growth.what
is your suggestion .What are the stock to watch?
[05:16:50 PM] => GM:
I agree to an extent. Look for Ranbaxy, HPCL, Sun Pharmaceutical
and Indian Oil Corporation
[05:17:35 PM] => Sanjay: How,
in your opinion, are the investors, brokers etc handling the
change in the trading system? What are your long-term views
[05:18:33 PM] => GM:
I would not like to comment o this issue, as they only raise
more concerns than solve problems.
[05:19:24 PM] => Cool: can we
expect any upward trend in this year in ICE stock
[05:20:07 PM] => GM:
I do not think this could be possible
[05:21:27 PM] => Sunil : any further
progress in T+2 SETTLEMENT which was asked by the broking
[05:22:01 PM] => GM:
I have no idea on the matter.
[05:22:58 PM] => Jpapneja :Are
we close to the bottom or worse is yet to come?
[05:24:08 PM] => GM:
yeah, we are nearing to the bottom, but the possible revival
part is what is interesting, and I think it will take some
[05:25:14 PM] => Panshilpa : IS
THE IT SECTOR BOUNCE BACK TO ITS JULY/AUGUST 2001 PRICES IN
NEXT TWO MONTHS? WHAT ABOUT THE PERFORMANCE OF SELECTED IT
STOCK LIKE INFY,WIPRO,SATYAM,HCL TECH.?
[05:26:13 PM] => GM:
I do not think it is possible. The top rung companies shall
at best remain market performers.
[05:26:54 PM] => Priya : Is the
world of investment research stressful?
[05:27:44 PM] => GM:
Yes, it is. The job entails a lot of mental agility and effective
communication skills. Also, there is always a need to deal
with the uncertainty associated with the future, where the
risk reward assessment becomes tough. It is also necessary
to get the averages right through patience and common sense.
[05:28:15 PM] => Sk : Do you think
it's a good time for stock-picking? If yes, what parameters
would you look at while investing? Any buy ideas?
[05:29:08 PM] => GM:
With a two to three year perspective, yeah, it is definitely
a fantastic time to invest. Buy Ranbaxy and Sun Pharma.
[05:29:32 PM] => Salman : Do u
see any arbitrage opportunity in the derivative market as
such there was in the badla market
[05:30:38 PM] => GM:
yes, I see lots of opportunities in the derivatives markets.
But, there needs to be better depth and width, which I think
should come with time.
[05:30:58 PM] => Blanche : advice
whether to stick on to what we hold(stocks)or exit now and
enter after some time
[05:31:37 PM] => GM:
I am not in a position to comment on this, as I have no clue
as to what you are possessing at this juncture and what is
your investment objective.
[05:32:35 PM] => Vishal : When
do you think the index would touch atleast 4000.?
[05:33:32 PM] => GM:
Your guess is as good as mine.
[05:33:55 PM] => Indian : Which
are the sectors worth picking for investments with a horizon
of 12-18 months. What is your definition of a long term investment
[05:34:30 PM] => GM:
My personal definition of long term is 3-5 years for equity
markets. Look at sectors like pharma, oil, cement, IT, FMCG
and metals for a 18 month investment period.
[05:35:05 PM] => Raj : I have
lost hope on the market .The biggest Govt. Investor (UTI)
isíNT doing well in the markets either. Which area do you
think can revive?
[05:35:36 PM] => GM:
Lots of investments in infrastructure by the government, better
fiscal management in terms of cost controls and changing the
sentiments of the investors through real concerted efforts
by various regulatory authorities.
[05:35:59 PM] => Svsman : with
the war looming large over Indian subcontinent do you think
the Indian stock will take a dip down?
[05:36:23 PM] => GM:
If it is war, then yes. Even in case it is a proxy war, I
see that the markets are headed for a downward trajectory
in the short term.
[05:36:45 PM] => s.vijayrangan
: what is your advise to small invester who invested during
[05:37:57 PM] => GM:
Nothing to say at this on this matter at this juncture. Only
may be you could as well hold on for the sentiments to recover.
Myiris: Thatís all for the day friends, Mr Gurunath just answered the last question.
[05:41:59 PM] => Myiris : Thank you all and have a nice weekend.