[04:38:15 PM] => Myiris: Welcome to the Live Chat Session on Chat Masala at Myiris.com
[04:38:52 PM] => Our today's expert Mr Chinta Money will begin the session in a moment

[04:39:02 PM] => DISCLAIMER
[04:39:24 PM] => Mr. Chinta Money is the Head of research and Market development at Moneypore.com, Ahmedabad branch. At the time of this conversation / chat, Mr. Cinta Money may or may not have positions in the stocks mentioned below , although holdings may change at any time.
[04:39:45 PM] => The views expressed by Mr. Chinta Money 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. Chinta Money, 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.

[04:40:15 PM] => Lastly the views expressed by Mr. Chinta Money 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.

[04:42:16 PM] => Myiris : Lets begin the session friends

[04:42:34 PM] => Gopi_25: What is moneypore the web site all about, what new feature does this have in terms of financial info?
[04:42:57 PM] => CM: Moneypore is a comprehensive portal with equity and other investments and also online trading. Financial data on companies for last five years is available on the site.

[04:44:54 PM] => Gopi_25: If I am a new investor to shares, what should I buy for future profits?
[04:46:29 PM] => CM: New investor should first tread slowly on unknown territory. He/she should be defensive in his investment strategy and understand the nuances of the stock markets. In terms of investment, a new investor should buy stocks in the FMCG and Pharma sectors -

[04:46:56 PM] => Dhanushak: Is ICICI highly undervalued at the moment?
[04:47:50 PM] => CM: - Yes it is undervalued and quoting at 6 times FY01 earnings. Given the brand and distribution network of it can be accumulated at current levels

[04:48:26 PM] => Bala_a: How secure is it to invest in Govt. Securities viz., Mutual Funds?
[04:48:52 PM] => CM: Yes they are a preferred investment destination than mutual funds.

[04:50:08 PM] => Sanjaisuvarna: I have got 10 Rs. How can I make it to 100/- within 10 min
[04:50:37 PM] => CM: Guess, Casino is the right place for such returns

[04:52:33 PM] => Naveenbatra: What you say for Castrol?
[04:53:38 PM] => CM: Price moved due to the Court ruling upping the offer price to Rs 350 from Rs 311. The company operates in a very competitive lubricants market. Earlier Castrol was able to be ahead of competition but over the last few years competitors have also established themselves and their distribution network which has made things that difficult for Castrol. Even the rise in crude oil prices have led to hike in input costs. We suggest exiting the stock at higher levels and also availing the buyback offer.

[04:53:59 PM] => Anandtambe: when stock market will improve? Which company is good for investment? What we can do if company is not transferring shares after one & half year?
[04:55:15 PM] => CM: Some positive steps by the government on the disinvestment front, initiatives on the infrastructure coupled with a good monsoons can change the scenario. This would be enough to change albeit partially the gloom on the markets. Some systematic changes from SEBI would also do a world of good and recharge the volumes on the markets.
[04:56:22 PM] => CM: Investment picks - ACC, HLL, Asian Paints, L&T and Infosys. Write to SEBI and company secretary

[04:56:47 PM] => siddesh_mapusa: I would like to know details of estimated CAPEX of Silverline Technologies for the FY 2001-02
[04:57:10 PM] => CM: Company has put on hold all capex plans due to consolidation activities

[04:57:31 PM] => Nehal: How can one become Chinta free and have a decent return of 20per cent on equity?
[04:58:20 PM] => CM: 20% return on equity in today's markets are possible by adopting a blended strategy of long-term investing and trading. However, this needs to be done judiciously with companies with sound management and business strategies and sustainable competitive advantage.

[04:59:11 PM] => Dorkenterprise: HFCL @105; is it good if I keep for 2 years minimum?
[05:00:36 PM] => CM: It is better to exit the stock at current levels due to the doubts cast around the management of the company.

[05:01:13 PM] => Vinay2000: GLOBAL TELY WE BUY IT SAFE
[05:01:44 PM] => CM: Global Tele is quoting around Rs 106. There is a good support at 93 Rs. Investors who are ready to bear erosion of capital to the extent of 25-35% should
[05:02:25 PM] => only think of entering the stock.

[05:03:05 PM] => Gaurav_garg: WHY MCDOWELL SHARE HAS BEEN DELISTED FROM NSE &BSE
[05:07:02 PM] => CM: The stock has been delisted due to amalgamation of group companies. It has applied to be relisted on all stock exchanges where it was listed earlier

[05:07:34 PM] => Hardipghelani: how do you like Bajaj Auto on charts
[05:08:06 PM] => CM: Bajaj Auto quotes around 256. The stock has seen a recent high of Rs 280 earlier this week. It is under profit booking mode at the moment. One can consider entering the stock at RS 250. Better still is to buy a call option in the stock.

[05:08:51 PM] => Prashantham: Which is the best life Insurance scheme available?
[05:10:22 PM] => CM: For insurance you need to speak to a specialist. LIC still continues to be the best bet around. One needs to remember that the first objective of insurance is to cover the risk. Savings is a secondary objective. There are particular schemes that would help you attain your objective better. So be sure about your priorities, risk or savings and accordingly choose a plan.

[05:11:50 PM] => VISHALAGRAWAL78: DEAR SIR, I HAVE 3000 SHARES OF HFCL @ RS. 255/- AT PRESENT SHARES OF HFCL IS QUOTING RS.57/-. PLEASE SUGGEST ME WHAT SHOULD I DO. IF YOUR SUGGESION IS TO WAIT THEN HOW MUCH TIME I SHOULD WAIT AND AT WHAT LEVEL I SHOULD SOLD IT.THANK YOU.
[05:13:43 PM] => CM: Himachal is cooling it's heels around 55. The one time darling of the market faces the threat of going below the 52 mark , it's last support. Having bought the stock at higher price, one can just wait for the cycle to turn. That may mean a long wait.

[05:14:47 PM] => Trend: please give us unadjusted price for Polaris Software before bonus issue for few days before
[05:15:58 PM] => CM: Polaris quotes at 123, ex-bonus. The bonus ratio was 1:2. i.e. 1 share for every two shares held. Adjusted for bonus the cum-bonus price level would be Rs 184.50

[05:17:11 PM] => Hardipghelani: Do not you think that ACC is strong on charts?
[05:19:06 PM] => CM: A.C.C. is doing fine at 145-146. It runs into a chines wall of a resistance at Rs 148.50. One can consider buying the stock after it crosses the 150 mark. Since this is a fairly liquid counter, comparatively speaking, buying a call option with 140 or 150 strike price is better. Alternatively you culd buy the stock at declines around 135-138. The stock


[06:09:21 PM] => Vishalagrawal78: Hi Sir, I have 3100 share of HIMACHAL [HFCL] @ 260. Please suggest at this time what should I do. If your suggestion is to wait then how much time I should wait and at what level I should out of this. Please suggest to recover my money in which security I may shift. Your suggestion is very helpful to me. Thanking you.
[06:09:49 PM] => CM: Himachal recovery is related to telecom recovery and the confidence of the capital markets. While the recovery in telecom will succeed software, the market confidence may come back by October end, by which time the worst may have been discounted. For Telecom recovery and there fore the recovery in Himachal may be 12-24 months process. At the moment buying a call option in Ranbaxy may mitigate some of your losses

[06:10:07 PM] => Jason69: How would you rate Nestle and Britannia as scrips for my FMCG portfolio - do they have any value at these levels. What type of price growth besides fundamental growth can I expect if I invest no or at whatever level you tell me to
[06:10:40 PM] => CM: Nestle is a better choice of the two stocks for the FMCG sector due to robust growth and wide product portfolio of the company. The stock is strong between Rs 480-540 levels. There are chances of a buyback at higher levels which the price at higher levels. Fundamentally also the stock is strong and can be accumulated at lower levels.

[06:11:01 PM] => Matri70: Is TATA TEA overvalued given the down trend in the tea prices and the Industry - am I not paying too high a price for a commodity company - should I sell the stock or sell a call on the stock ?
[06:11:26 PM] => CM: The stock has corrected itself on the downside and is currently around Rs 150-160 from a level of around Rs 190-200. This has been a healthy correction given the average Q1 results. Yes tea prices and consumption is lacklustre globally and this tends to impact valuations. However, Tetley's acquisition would give TTL the much needed prop both in the international and domestic arena. Products from the Tetley portfolio would be launched here in India to counter HLL's brands. So the stock certainly has a long term potential and weakness in the counter should be used as an opportunity to buy the stock.

[06:11:50 PM] => Sundancekid: How long will it take for the markets to warm up to the idea of rolling settlements?
[06:12:04 PM] => CM: The markets may not warm up to the rolling settlements, but they will learn to live with them in another two-three months time. The markets will also need to adopt the stock options, which are likely to be more popular as time passes.

[06:12:20 PM] => Rahuld2000: Are pharma stocks the flavour of this bear market and why - is it just a defensive play or are we talking real fundamentals - growth profits etc
[06:12:51 PM] => CM: Yes certainly they are defensive plays in a bear market. But there are real fundamentally stocks around like Cipla, Ranbaxy and Dr Reddy's (domestic pharma cos). These have strong capabilities of R&D and distribution.

These are the questions, Mr Chinta Money had answered after the chat session. The questions are in the order in which they were received by us.

Manju: Should I invest in Satyam now or should I wait for a price / technical support at 126. How is the Company fundamentally - will all its portals eat into the cash of Satyam? What about its KP connections
CM: Satyam is a fundamentally sound company with a large and a demanding family to support. As the stock prices come down, the perception of the company changes for the worse. That is not a worry right now. While the long-term future is bright and investment is warranted in the stock, the big question is, will it become worse before it starts becoming better. So, enter the stock options. ...Satyam is the most liquid counter in options. You could consider buying a stock option in the stock when the underlying price is Rs 130 or thereabouts. That should limit your loss and make you eligible to participate in any rally.

Paresh56: Good monsoons in rural India spells gold for the Paint Industry and FMCG companies. Should I be looking at buying Asian Paints? Is Goodlass Nerolac a better bet? What are the prospects for the Paint Industry come March 2002. Any price targets
CM: Yes good monsoons augur well for the prospects of the paint industry. However its fortunes are linked closely to the GDP growth with the industry growing 1.5 times the GDP growth. Asian Paints is the best bet in the paint sector. March 2002 the sector should grow around 9-10%. Yes Asian Paints given the current market is undervalued and we are of the view that it should be around Rs 320 .

K.Jayakumar: Can I invest new UTI scheme?
CM: One should be cautious before investing in any new scheme of UTI. Needless to say when we have this view.

Maniaiyar: Every year we talk of growth in infrastructure and the need for the same, power shortages, roads being built etc. Can you tell me whether it is safe to invest in power companies such as Tata Power and BSES given the ENRON controversy? Is there any growth to be expected from these companies - what CAPEX plans do they have - are they cash rich? What's their Debt - Equity ratio
CM: Infrastructure shortage and paucity of funds and Enron are all a reality of corporate India. Given the poor power scenario power projects would always be around but the concern is the timing and the procedural hassles. In this backdrop domestic companies such as BSES, Tata Power and BHEL all stand to benefit due to varying reasons. So exposure in this sector is advisable.

Sharmaprashant: Where do you see the market bottoming out and when do you think is the correct time to buy software stocks, and if yes, then which are the ones?
CM: The market is currently in the process of forming a bottom. I= But the problems with bottom fishing is that you never know when the bottom actually comes. You only realise that only after the market has gone up. For all we know, the market may have made a bottom at 3096, level seen in April. There is another school of thought that looks at 2800 as the bottom. For that to happen, the market would need close to three months or more.

Murali-Indian: What is the status of cement sector? If yes, then which are the counters we can invest into?
CM:In the first 4 months of FY02 the sales have shown a flat growth of 0.3%. The sector will always remain in the limelight due to the focus on infrastructure. We maintain a neutral view on the sector and are of the view that the prices would hold on due to the cartel and production cuts. Investment can be considered in ACC and L&T.

Soumyabrata Dutt: I have bought Tisco @115.Should I add on some more at the current price of about 90-92.
CM:There is strong support for Tisco at the 89-93 level. But I would suggest that instead of buying the same in the cash market, You should consider buying a call option in Tisco at 90 strike price with a premium of Rs 4 -5 per share. That should safe guard against any eventual loss or if you are very particular about owning the stock, you could consider writing a put option at RS 90.

K.Jayakumar: UTI's new scheme announced. Can I invest in this scheme?
CM: One should be cautious before investing in any new scheme of UTI. Needless to say why we have this view.

Sean:Is sun pharma a buy at these levels?
CM: Sun Pharma has seen a fall on Friday along with the rest of the Pharma scrips. One can consider looking at the scrip at around 505-510 levels.

Manohar: Where do u see the Infy scrip in the near future?
CM: Infosys is the best IT scrip in the market and can be accumulated at levels of Rs 3300-3500.

Keshavprabhu: Which scrips do you suggest, as good buys in the medium term of say upto 1-year.
CM: Assuming that your risk profile is average, you could look at Cadila and Ranbaxy from the Pharma sector, Alstom power, Tata Power (at around 105) Indogulf Corp, L&T at 200 levels. You could buy a stock option in Infosys at around 3600-strike price.

SoumyabrataDutt: I have purchased Tisco @ Rs115.Can I add on some more at the current price of about Rs 90-92 and hold on to them for 6-9 months
CM:Tisco is the best steel company in India and one of the lowest cost producers in the world. The market currently for steel has turned down due to the global slowdown hence the impact on Tisco. However, going forward the prospects are linked to the global scenario and it is likely that the situation remains like this for the next six months. So investing now would have a time cost to it but this is fine with you then u can invest at lower levels in Tisco.

Gujar:What's your opinion on Hindalco Industries?
CM:Aluminium prices are currently on the downside globally and the outlook is also not too encouraging. Hindalco is the best placed company in India in the sector and long-term investment can be considered.

Keshav:How is moneymore different from other sites?
CM: Moneypore is very different from other sites. We are basically a broking house, which chose the 'Net' as a means of serving our clientele, which was already there. So we understand the business and also the technology that makes the site run. One outstanding feature that distinguishes us from the crowd is that we are willing to stick our neck out and take a call on the market. Our daily mail. "Chintas Call" not only looks at the top 25 scrips, the Sensex, The US markets but also recommends stocks for traders. We follow up our recommendations with further advice till the stock leaves our tracking arena. The taste of the pudding is in eating. So why not go to moneypore.com and see for yourself.

Swami: Do you think Sebi should be made a more powerful body rather an institution where they punish the guilty after the event? What are your suggestions?
CM: SEBI is certainly a toothless tiger and yes steps should be taken to make it more vibrant.

Neeraj: Where would u advise the investors to park their money? equity or debt?
CM: Investors should have an ideal mix of both debt and equity. This gives the perfect cushion of safety to an investor. Even in equities the investor should make investments in long term and short-term scrips. Thus limiting his exposure to wild fluctuations of the market.

soumyabratadutt :How is L&T looking fundamentally and technically at the current market price of 219?
CM:The stock appears fairly priced at current levels and should be accumulated at levels of around Rs 200.

Gujar: HLL buy/sell/hold
CM: HLL buy below Rs 200 and sell around Rs 240.

Babai: Is M&M a buy at current levels?
CM: At current levels long term investment can be considered.

Ramakrishnan:why do Indian old economy stocks take a beating when the NASDAQ goes down?
CM: Difficult to attribute a reason for this relationship, if there exists one. Old economy stocks go down here mainly due to the poor state of the economy where seems to be getting murkier day by day.

Babai: Is Wartsila NSD worth accumulating at the cmp?
CM: Yes accumulate at current levels. Open offer news could drive up the stock.

Gujar: What are your picks for next week?
CM: Assuming that your risk profile is average, you could look at Cadila and Ranbaxy from the Pharma sector, Alstom power, Tata Power( at around 105) Indogulf Corp, L&T at 200 levels. You could buy a stock option in Infosys at around 3600-strike price.

Puja_batra: Would u recommend cement scrips as of now?
CM:Cement sector holds promise for the long term and scrips worthy of investment are Guj Ambuja, ACC and ACC. Though in the short term the sector could underperform due to the monsoons but in the long term this is the backbone of the infrastructure sector.

Sushmaag: Hindalco-buy/sell/hold
CM: Aluminium prices are currently on the downside globally and the outlook is also not too encouraging. Hindalco is the best placed company in India in the sector and long-term investment can be considered.

Gujar: IDBI sell/hold?
CM: Sell.

Swapnil: How are Bata and Bank of India looking on the charts?
CM: For the next week, Bata at 33.25 and Rayban at 28.35 look better. One could look at Ranbaxy stock option at 550-strike price. Bata is looking strong on the charts. At Rs 33.25 the stock has good potential to rise to 38 levels, though the previous intermediate top was 45. Bank of India has had a good run. It touched 18 yesterday. The earlier top is also in the vicinity, i would advice to be cautious in the scrip.

Swapnil:Hero Honda is going very strong, Do u see any further upsides?
CM: Certainly upsides in the medium term of 18-24 months. The company continues to grow even in bad markets and beats competition.

Puneet:How is Citicorp (e-Serve) at current levels?
CM: Citicorp (E-Serve) moves on it's own accord and is not so much related to the market sentiment. As the scrip does not attract large volumes, difficult to comment technically. But to do justice to your question, let me make an attempt. The stock is in a sideways pattern with resistance from the 200 DMA at 182 and a support at 150. Not appearing to move fast.

Balachandran: Which media stocks look good with a one-year time frame?
CM: Balaji at Rs 150, Zee at Rs 80 and Mukta Arts at Rs 80. - The prices are far below the current market prices and we believe these stocks at current levels are grossly overpriced.

Dmukadam: Can I invest new UTI scheme?
CM: The markets have been range bound for the past 11 weeks. The Sensex has oscillated between 3525 and 241 levels. In the short term, I do not see the Sensex breaking the support at 3096. Even breaking the 3241 level looks difficult. In the short term, the markets appear to be range bound with in the limits specified. However, any firm signs of the US economy firming up may provide the markets with a positive trigger. It is better to be in the markets than away from them. The risk rewards ratio are more from now on.

Ajitpal: Dear sir, what do you think to invest in HFCL at this level. Is Hfcl's share can touch Rs.245/- level in near future. How do you feel about company's future?
CM: Himachal recovery is related to telecom recovery and the confidence of the capital markets. While the recovery in telecom will succeed software, the market confidence may come back by October end, by which time the worst may have been discounted. For Telecom recovery and there fore the recovery in Himachal may be 12-24 months process. At the moment buying a call option in Ranbaxy may mitigate some of your losses.

Setu: What are the parameters one should keep in mind while doing day to day buying and selling?
CM: Trading is a great art and you may have perfected it. However, I would suggest that if you have been making trading profits in this market, you may please continue with your trading. But if you have not, you should trading in 'Options' Options would reduce risk and allow you to participate in the upswing where as in the cash market the investor would book his loss and get out. But should you prefer trading in the stocks themselves, pay attention to the following. Till the market is range bound, buy stocks, which have fallen for three days and sell those that have risen continuously. You would obviously use discretion in selecting stocks. Choose those that trade at least 50,000 shares a say. In these bearish times, if one should not chase stocks. You should be willing to change your strategy and buy aggressively once a decisive move is made by the sensex.

[06:16:26 PM] => Myiris : Thank you Mr Chinta Money for sharing your views on this chat session with us.

[06:18:56 PM] => Thank you all and bye for now