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02 Dec - 02:00 hrs

Gaurav Dua | Head Research, Sharekhan


Is market heading for correction?

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gauravtanna: What is your view on the Bank stocks post the RBI policy today?
Gaurav Dua: Banking stocks along with auto sector is early beneficiaries of economic revival and we are positive on banking sector. However, prefer private sector bank and NBFCs in banking stocks. Like ICICI Bank, IndusInd, LIC Housing, PTC India Fin Services, captial first
guest: I m making loss of 25 Rs/share for 80 share in crompton greaves..please guide me for the same..Further guide me with good midcaps share
Gaurav Dua: Hold on to crompton greaves; you will get shares of consumer goods company that is hived off into separate entiy and will be listed; in cap goods we like VaTech Wabag, Triveni Turbines
guest: Sir Please give me few stocks which are of around 10- 50Rs price range
Gaurav Dua: in low priced stocks we like ashok leyland, rico auto, zee learn, Network 18 Media
guest: Holding MMTC @92/- and Jain Irrigation @120. Advice pl.
Gaurav Dua: Hold MMTC and try to average Jain irrigation around Rs75
sandeepcsharma: what do to in sonata soft?
Gaurav Dua: We have negative view on Sonata. In IT midcap space, look for niche companies like Firstsource, Persistent
shakeelml: Apollo Tyres should I hold or sell?
Gaurav Dua: Hold appolo tyres. rubber prices are weak and falling crude would also bring down raw material cost. Growth outlook is good and valuations leave scope for 10-15% upside
guest: What is the future of gati, patel integrated and Aditya birla chemicals.
Gaurav Dua: Many logistics stocks are overvalued in the near term including gati and patel. We prefer more stable businesses like Gateway Distriparks due to its leadership in rail freight and cold chain business along with strong core business of containers freight
guest: Could you give a sense of market ve or -ve ?
Gaurav Dua: Index could remain range bound with negative global cues in the next few week. however, we remain bullish and beleive that the equity market is set for a multi-year rally.
er.nileshsmehta: I am making loss in 3i infotech(56%), Punjab & Sindh bank(46%) and Renuka (70%). Pelase guide me. Should i hold or book lose?
Gaurav Dua: shift to quality stocks in auto and banks; we would advise LIC Housing, Gabriel, Rico auto, Mahindra & mahindra
er.nileshsmehta: Should i book profits or can wait for further appreciation in these stocks: NBCC(600%), Ashok Leyland(100%), Mahindra Lifespace(43%)
Gaurav Dua: they are all good long term stories; can take partial profit in NBCC
guest: what if i dont put stoploss?
Gaurav Dua: Traders need to have stop losses in place as a rule to avoid big losses. For investors, it is not about stop loss but the conviction in the fundamental which decide entry or exit.
guest: Sir,kindly advice me on Jindal saw.I have 100 shares@102 ₹
Gaurav Dua: Hold on with 6-12 month view
guest: you view on Pipava Def. i have 5000@ 40.32 buy hold or sale
Gaurav Dua: Do not buy more. Exit on rallies.
Gaurav Dua: Given slowdown in China, we are not positive on metal stocks and have been advicing exit on rallies.
guest: i would like make investment in equity for log term which are good in long term to invest
Gaurav Dua: ICICI Bank, Max India, PTC India Fin Services, Hero Motocorp, Network 18 Media, Triveni turbines, Vatech wabag..............all stocks that can be accumulated with 2-3 year view
m_satyaprasad: what is your target on Apollo hospital and Eros international
Gaurav Dua: Hold Eros and exit Apollo hospital as valn expensive
guest: I have purchased Gitanjali gems @Rs 63. Should hold the scrip for some time.
Gaurav Dua: It is more of trading stocks than investment idea. Trade with stop loss.
vikasunadkat: holding ntpc @141
Gaurav Dua: Hold
guest: Do you think that the oil prices downtrend will help the auto & auto finance companies to increase their turnover ?
Gaurav Dua: Oil prices improve macro situation for India. Lower crude prices means lower import bill and more money supply for consumption which is good for auto and banking sector
guest: Shall I switch from MMTC @92/- to Renaissance jewellery for loss recovery? Advice pl.
Gaurav Dua: Not advisable
guest: Please tell some of the stocks in midcap u are bullish on.
Gaurav Dua: In midcap, some of the companies that are relaively safe with consistent growth record are AIA Engg, Va Tech Wabag, Relaxo Footwear, capital first, finolex cables, ptc india fin services. they will give good return with less volatility (ie risk)
guest: Sir, what is your take on NCC
Gaurav Dua: restructuring story; high risk high gain kind of stock. do not over invest in it
guest: Shall I wait for further correction if I am investing through UTI mnc mutual fund ?
Gaurav Dua: Waiting for correction have led to many people missing the entire rally. Start investing in phased manner at ealriest without trying to time the markets.

Chat Transcript

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