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While Greece remains the focus of attention globally, the Indian market remains quite aloof, responding purely to earnings call of companies. The result season has not been bad, but has not been good either as the profits posted by some got wiped out elsewhere.

The Nifty has remained range bound between 5200 and 5360, even as certain stocks bounced up 20-25% and some dived just the same. So what must your strategy be? Which are the best picks? Moneycontrol.com chats up with Rajesh Tambe of Suresh Rathi Securities to get answers to the queries you asked us on our Facebook page.

Here's what he had to say....

Vitesh Panchal: What's the future of Shree Ashtavinayak Cine Vision and South Indian Bank ?

Answer: I would not recommend Shree Ashtavinayak. When you buy shares, it is always better to buy into companies that have a physical produce. Ashtavinayak is into films and its revenues depend on how a film performs. Now, we don't know if a film will be successful or not. Also, buying a share now hoping it will go back to previous highs is wrong strategy. Historical highs don't really make sense.

As for South Indian Bank, it is a good pick, well capitalized with good profitability. Go ahead with this stock.

Sagar Sharma: What about Coal India ?

Answer: With 400 million tonne capacity and being the largest coal miner in the nation, Coal India is definitely a fantastic pick. In fact, it's valuations as well as insight into calorific value puts it much ahead of ONGC too! I am clueless why the employees did not pick the stock during its IPO. It was very underpriced for its valuations.

Abhay Seth: I am holding Dena Bank 's 1,000 shares at Rs 91. I can hold it for next three-four months. What should I do now, hold or sell?

Answer: There are very few PSU banks that are profitable and Dena is one among them. It has an effective management and a strong base too. Hold it!

Sabyasachi Ghosh: What about SBI ? I bought 100 shares at Rs 2,400. How long should I hold?

Answer: SBI is well capitalized and has high profitability. The only negative is the savings bank deregulation that is likely to affect the entire banking industry in the short run. Additionally, project financing is almost nil now and therefore, growthis likely to be hit in 2011-12. However, by controlling its NPAs and keeping cost of acquisition at manageable levels, SBI is poised for good growth on the long-term.

You got it at Rs 2,400. Don't worry, your loss is only notional. Hold it. If you transact this gem, only the broker will make money, not you.

Navnath Rakshe: What is your view on Tata Motors ?

Answer: Initially, the stock was trading high on valuations. But after the stock split, it has come down to comfortable levels for easy buy and sell. In essence, the split offers larger trading opportunity. I would say, accumulate, since the auto sector is set to perform well going ahead.

Also, the Land Rover and Jaguar acquisition was a timely move that bode well and the Nano too is doing comfortable business.

Chandrashekhar Singh: I have brought India Cements at Rs 83.70. Where do you see this stock going?

Answer: One thing you need to remember about this sector is that cement is a regional business, in the sense that it gets sold-off in the location it is operated from. Also, even if excess capacity exists, the price is likely to moderate only from its peak. It does not necessarily mean that cement will become cheap!

Now, India Cement has market dominance in Chennai and has a plant capacity of over 90MT. They are also looking to enhance capacity by expanding to Rajasthan where the raw material is easily available. Another positive for them is their entry into ready-mix cement that is going to bode well. The stock will return well.

Hayat Syed: What about Parsvnath Developers and IDFC ?

Answer: Parsvnath Developers is the story of how too much too fast might not be too good. The company overstretched itself with the land bank and now sits on high debt. The service cost is also too high. The New Delhi Metro had assigned the company a project to help with the corridors and that is also not seeing any progress. I would say avoid the stock.

IDFC, on the other hand, is a very good stock. They operate much like a bank, and finance infrastructure projects, the only difference being, banks need to spend on setting up branches everywhere while IDFC has opened offices in tier-I cities, yet the reach is wider. This is a good pick. Nonetheless, you need to be patient with this one as nothing is going to happen this year. We will look at valuations only at the end of 2012.

Janantik Shah: I have77 shares of Reliance Power at an average price of Rs 431. What should I do now?

Answer: This is a company that issued bonus of 1:1 share even without executing its power project. Also, Anil Ambani has purchased the Rosa power plant from Adiyta Birla and implemented it successfully. I am sure the other projects it has, Sasan in Madhya Pradesh and the one at Krishnapatnam in Andhra Pradesh, each of about 4000 MW, will also be successfully implemented soon.

On factor to remember here is that thermal power plants take at least three-four years of civil work since they need super-critical boilers, whereas, for gas-based (combined cycle) plants, the scope of work is much reduced.

Besides, in the split of the Ambani brothers, Anil got cash while Mukesh got industries. Anil can't be just sitting on cash, he needs to invest apart from broving he's as good as his brother!

I am personally very bullish on the Dahanu and Rosa project and Sasan too will be fully operational in time. Hold.

Traill Rider: I have invested in Reliance Communications at Rs 84.90. Should I hold it?

Answer: Yes you must. First of all, let me tell you that the telecom party is over. But this does not mean that the 700 million people who are subscribers today willstop using phones!

Coming to Rel Comm, the only problem with them is high debt. They too are trying to reduce it by selling their tower business, much like Bharti Airtel. We hear of stake sale talks with foreign companies and all of it should fructify soon.

Saranya Vendan: I bought 50 shares of Polyplex Corporation at Rs 187 last week.  Do I continue to accumulate from a three-year perspective?

Answer: Polyster films is a very cyclical industry. Polyplex reported good net profits and revenue too is good, but that is because the industry is in the positive phase of the cycle. When times change, the company will follow suit. I would say that profit booking is the key thing in this stock. Watch out and make an exit while the good times last. Keep shorting.

Yusuf Ognawala: I have 250 shares of GVK Power & Infrastructure at an average price of Rs 28.70. What is your call on the stock now?

Answer: Let me tell you that all the three- GVK, GMR and Lanco - are good companies with a bright future. For all of them, power is the core business while infrastructure is incidental. So they will do well as growth improves. The Jegurupadu power project and Gautami too have been implemented well by GVK in addition to its project in Punjab. I would say hold.

Amit Ramanuj: Recently, I invested in REC . what is my strategy to be? Also, I want to add some commodities based stock, what should I buy?

Answer: REC is an excellent stock and there is a lot of scope and opportunity for the company. As for commodities, I suggest you buy gold! IF you notoce, the price has risen recently, purely due to the fact that Indian investors are using it to hedge against inflation.

Iqbal Khan:  I bought 5,000 shares of Gravita India at Rs 310. What should I do now?

Answer: I would suggest you avoid that stock. Gravita India deals with extraction of lead from old batteries. Firstly, this is a highly polluting business. Secondly, only auto sector uses lead batteries now... rest have all moved to nickel or cadmium based batteries! That apart, the stock is highly priced now.

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