| Transcript of Chat with Mr. J.S Grewal -Sr. General Manager - Fortis Securities Limited, Member NSE- Talking Stock - (18/03/2002) |
[04:25:30 PM] => Myiris: Welcome to the live chat session.
[04:26:58 PM] => Myiris: Our guest today is Mr. J.S. Grewal, Sr. General Manager, Fortis Securities Limited, Member NSE.
[04:29:18 PM] => Mr. J.S. Grewal is the Senior General Manager, Fortis Securities Limited. At the time of this conversation / chat, Mr. Grewal may or may not have positions in the stocks mentioned below, although holdings may change at any time. The views expressed by Mr. Grewal 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. Grewal, 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.
[04:29:43 PM] => 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.
[04:30:05 PM] => Lastly the views expressed by Mr. Grewal 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.
[04:30:33 PM] => Myiris: Welcome to the chat session Mr. Grewal.
[04:31:44 PM] => ayanad1 : Please tell your view on this three stocks that I like to buy at current level. 1) Escorts 2) Siemens 3) Tata Tea
[04:32:23 PM] => JSG : Escorts and Siemens have some more steam left to run up in the short term, while Tata Tea is a medium to long term play.
[04:33:00 PM] => chitah12345 : Mr. Grewal, do you see investing in Pantaloon retail advisable?
[04:33:32 PM] => JSG : Too speculative stock - you need to be nimble footed on this one.
[04:34:08 PM] => neonline4u : Could you please throw some light on IBP, Reliance and Punjab Tractor?
[04:34:27 PM] => JSG : Buy PTL, hold on to Reliance and offer your IBP shares in the open offer.
[04:35:10 PM] => abhiii19 : Sir, when the quota system is removed, will it affect the Sensex?
[04:36:20 PM] => JSG : No clue on this one.
[04:36:34 PM] => Raju : Which stock to buy on Monday?
[04:37:19 PM] => JSG : I persume you mean Tuesday. For Tuesday look for entering Titan, Satyam, Punjab Tractor, and SCI.
[04:38:44 PM] => shahmilan9 : What is a future of Mindteck & BFL Software?
[04:39:10 PM] => JSG : BFL seems to be riding on the IT enabled services boom - should do well in the medium term, while Mind Teck is speculative and needs to be checked out before taking a plunge.
[04:39:58 PM] => aashoo_m : Was banning of badla a correct decision?
[04:40:19 PM] => JSG : Yes - as now we have a better and wide spread derivatives mechanism attracting higher volumes than our cash markets.
[04:41:11 PM] => aashoo_m : Why is RBI giving confusing statements on interest rate cut?
[04:42:05 PM] => JSG : Perhaps the longer term trend is towards further lowering of rates - in the short term rates will be driven more by the liquidity scenario.
[04:42:31 PM] => gkannan34 : What are the prospects of appreciation in the price of Videocon Appliances ?
[04:43:15 PM] => JSG : Well, consumer durables should be the first ones to react positively to rural income recovery - but for this one there are some management related concerns.
[04:43:54 PM] => prashantchari : Give your view on if I invest on 18-03-2002 in Ceat Ltd., Century Textiles & Bharti Tele Venture 100 shares each?
[04:44:06 PM] => JSG : Better avoid all three of them.
[04:45:48 PM] => Amitab : Is Hughes Tel. worth buying?
[04:46:06 PM] => JSG : Put your bets on MTNL - gives you a wider presence in the telecom sector.
[04:46:18 PM] => Sumahema : Can we hold on to Voltas?
[04:46:30 PM] => JSG : Price seem to be headed for Rs. 55 mark.
[04:48:08 PM] => P.Venkataswamy : Shall I buy HFCL & Digital at this level?
[04:48:34 PM] => JSG : Avoid HFCL, invest in Digital with a medium term target of 650-670 - there are some concerns over the Compaq merger issue which perhaps will be sorted out during this week.
[04:48:48 PM] => Vishal : Your views on the budget and the impact on markets?
[04:49:45 PM] => JSG : Budget aims at boosting the consumer spending by discouraging the savings linked incentives - plus a 39 per cent hike in planned expenditure on road sector will boost demand in cement and engineering sectors - all in all positives for FMCG, Cement and Banks - you can also refer to our budget report on myiris.com.
[04:50:24 PM] => Investor1 : Good IT scrips for medium-term?
[04:50:38 PM] => JSG : Infy, Polaris and Mascot
[04:52:13 PM] => raju_varsha : Please give me your view on Cadila.
[04:52:34 PM] => JSG : Good medium term-buy. Initiatives on the research front still need to be checked out.
[04:53:22 PM] => Ujjvalm : What about HLL?
[04:53:33 PM] => JSG : Given a good rabi crop, the scrip seems to be headed for Rs 275-280 levels.
[04:55:18 PM] => Ayan : Do you still see pvt. small banks like Federal Bank and South Indian bank a good buy even after their recent rise?
[04:55:31 PM] => JSG : Yes, on a case to case basis. I would favour Federal, which seems to be fundamentally sound. It could touch higher levels.
[04:56:29 PM] => Deepa : What is your view on frontline tech stocks? Should I buy them now?
[04:57:10 PM] => JSG : Wait for the Q4 results and for the FY-03 earnings guidance.
[04:57:38 PM] => mprasenjit : How do you see the performance of IT companies� shares now?
[04:57:46 PM] => JSG : Already been answered above.
[04:58:31 PM] => MavericK : Any comment on the Infosys performance for this coming week?
[04:58:47 PM] => JSG : Looks range bound between Rs 3900-4250.
[04:59:56 PM] => death_crowl : Sir , could you please tell us about the todays fall in last 3 minutes in Wipro, who was the seller and why such kind of a panic selling , was there any bad news in the counter?
[05:00:07 PM] => JSG : Nortel related concerns seem to be weighing high on the counter.
[05:00:41 PM] => death_crowl : Sir, How far this upward rally will continue?
[05:02:53 PM] => JSG : 3750 for the BSE Sensex is the immediate resistance.
[05:03:01 PM] => kirti_parekh1 : What do you think about automobile sector whether one should buy or sell it pl specify the scrips?
[05:03:14 PM] => JSG : In two wheelers, Bajaj Auto, in commercial vehicles, Ashok Leyland and Telco and in tractors, Punjab Tractors are good long-term bets.
[05:04:51 PM] => Mohan : Pritish, Polaris, Adhikari. Advice Please.
[05:04:58 PM] => JSG : Pritish and Adhikari are speculative bets. I would much rather bet on Polaris.
[05:07:44 PM] => Sandeep : Please advice on Reliance at Rs. 310/- to Buy / sell?
[05:07:55 PM] => JSG : While selling at Rs 310, look for covering your positions in Rs 285-290 range.
[05:09:39 PM] => Neo : What about ACC? Whether to sell / Buy?
[05:09:55 PM] => JSG : Though there are no short-term fireworks expected, look for entering the scrip at Rs 150 levels.
[05:12:02 PM] => K V Subu : What about Tata Power in F/O Segment?
[05:12:18 PM] => JSG : Put your bets on April call at a strike price of Rs 125.
[05:13:41 PM] => Raj : Could you kindly advise on future prospects of Nicholas Piramal?
[05:13:53 PM] => JSG : Undervalued, but suffers from low liquidity.
[05:16:04 PM] => Rajan : Securities market - What is your perception about the market?
[05:17:48 PM] => JSG : With declining interest rates and trimmed down savings related concessions, leave us with little else to invest in except equities. Bargains are still available even at these levels.
[05:18:37 PM] => Milind Davane : With the introduction of the budget what would you suggest an investor having a medium risk appetite for investments in equities.
[05:19:04 PM] => JSG : Yes, definitely.
[05:22:41 PM] => ashu madan : Today tv18 saw fair amount of run on very good volumes. What do you think about the stock? At what level one should exit from the stock.
[05:22:49 PM] => JSG : Look for an exit close to Rs 130 levels.
[05:24:32 PM] => Ayan : Sir, your view on Indogulf and Rel. Capital?
[05:24:47 PM] => JSG : Indogulf should benefit out of a firm trend in LME copper prices.
[05:26:41 PM] => ashu madan : What is your view about Satyam. It seems 300 is a big resistance. Advise.
[05:26:50 PM] => JSG : Yes, it is Ashu. Look for positive triggers, like Sify stake sell off.
[05:29:10 PM] => Srinivas : What is your view on Zensar Technologies?
[05:29:49 PM] => JSG : The stock has run up too sharply over last few sessions. There are some talks of couple of orders flowing in to the company.
[05:31:57 PM] => vik_india : How is Polaris , Visualsoft , Orient Info and TVS Electronic at present Levels?
[05:32:21 PM] => JSG : We really see only Polaris as a good bet from the above list.
[05:34:11 PM] => Ayan : With good rabi crop and with next monsoon still sometime away can small investor like me buy BASF?
[05:34:19 PM] => JSG : Yes, good rabi crop should benefit agro chemical companies like BASF.
[05:37:30 PM] => Shekhar : Your views on Nucleus Software, the price to enter.
[05:38:01 PM] => JSG : Too speculative. Look for an entry close to Rs 100 level.
[05:40:06 PM] => vik_india : Is Max into IT-Enabled, any IT-enable scrip still looking good?
[05:40:19 PM] => JSG : Yes, Max is. We suggest Mphasis in this domain.
[05:42:13 PM] => Shekhar: Your views on Hindustan Oil Exploration?
[05:42:28 PM] => JSG : The company should benefit from import parity in crude prices starting April 1, 2002. British Gas is also rumoured to be interested in picking up some stake in the company.
[05:44:47 PM] => Myiris : That�s the end of the chat session for today.
[05:44:54 PM] => Myiris : we thank you all for logging on.
[05:45:31 PM] => Myiris : Our thanks to Mr. J.S. Grewal, Sr. General Manager. Fortis Securities Ltd. for sparing time and for his valuable inputs.
[05:45:38 PM] => Myris : We�ll be back with more on Friday, March 22.
[05:45:47 PM] => Myiris : Till then bye from us�.
|
|
