Chat Transcript

30 Apr - 01:00 hrs

Dipen Shah | Sr. Vice President- PCG Research

What's the outlook for the market?

Chat Transcript

guest: what about suzlon??

Dipen Shah: We have a cautious view on Suzlon due to the high leverage and also lack of revenue growth drivers as of now

guest: Hi Sir I have ITC@285 and Gitanjali Gems@559. What should be strategy from long term view?

Dipen Shah: With a long term view, one can hold or accumulate ITC at declines. The stock may remain ranged in the short term.

nishadbhave: Hi,at what level we can enter in Crompton Greaves,TCS,SBI ??

Dipen Shah: TCS is at a good level to buy from a LT perspective. SBI can be accumulated at declines. We car cautious on CG and should be looked at once there is some imporvement in the investment scenario in the economy

guest: HUL - should one accumulate at current levels? What is a safe level to short this at?

Dipen Shah: HUL has moved up today because of the offer from Parent to buy 22.5% stake. We think valuations are expensive at these levels and one should be cautious from these levels.

guest: Wht is the outlook of mkt ? it has fallen to 5477 and went upto 5962 now wht is next lvl?

Dipen Shah: The markets have moved up partly on expectations of larger interest rate cuts from the RBI, apart from better than expected results and also on supportive global markets. The valuationsa re near to the average valuations based on consensus estimates. Further upsides could come in if the Government takes initiatives on the infrastructure investment front

SUSMITA: what opinion of sail

Dipen Shah: We have a positive view on SAIl with a PT of Rs.79

guest: Sir, i want to buy MICRO TECHNO. RelPOWER, SAIL, Delta COPR, WIPRO, please suggest Max Qty & Term Perio. I want to Invest Total 5 Lacs. for 6month.

Dipen Shah: We have a positive view on SAIL. On Wipro, the valuations are now low and one can accumulate. We have a target of Rs.370 as of now.

abbottmehta: sir in month of MAY market will make new high?

Dipen Shah: Difficult to give a short term view. But, Government reforms are a pre-requisite for the same. If Government takes strong initiatives, it will be a booster for markets.

guest: what is opinion of hindalco buy or sell

Dipen Shah: Overall, the metals sector has bperformed badly due to the slowdown in the major market of China. Elsewhere, fiscal stimulus by central banks is supporting growth and may offset the decline in demand from China. China itself should start recovering in due course. Thus, we have a selectively positive bias on metals.

Dipen Shah: We have a posotive view on SAIL, Tata Steel and Hindustan Zinc

guest: sir i buy iob 100 quantity 66.96 rs plz tell me i sold it or hold.

Dipen Shah: The results of IOB were unimpressive. The valuations are low and that may prevent downside. But,we do not expect any upside from the current levels also.

srikumar1976: At what level we can enter in ITC, HDFC Bank,Sun Pharma?

Dipen Shah: On ITC the stock can be accumulated below 300. On HDFC Bank, we have a Price target of Rs.700

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