Transcript of Chat with Mr. Manish Shah (Market Analyst) - Stock Market - Hot picks for 2002 (04/01/2002)
[04:50:53 PM] => Myiris : Welcome to the live chat session.
[04:51:03 PM] => Myiris : Our guest, Mr. Manish Shah, Market Analyst will be joining us shortly.
[04:51:11 PM] => DISCLAIMER
[04:51:21 PM] => Mr. Manish Shah is a Market Analyst. At the time of this conversation / chat, Mr. Shah may or may not have positions in the stocks mentioned below, although holdings may change at any time. The views expressed by Mr. Shah 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. Shah, 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.
[04:51:29 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.
[04:51:36 PM] => Lastly the views expressed by Mr. Shah 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.
[04:51:46 PM] => Welcome to the chat session Mr. Shah.
[04:55:22 PM] => rachitshyam : Is Rs. 300 right price to buy CMC?
[04:55:48 PM] => MS: The price of CMC has not declined for some time. I think there is scope for the price to appreciate.
[04:56:08 PM] => ayanad1 : How you see FII inflows /Fresh Allocations in the starting of the year 2002(JAN-FAB) compare to last year..Also how you see market moving from current level till budget(Fab. end-2 Month outlook)?
[04:56:31 PM] => MS: A lot of money earmarked for Latin America could end up here. The market should generally remain bullish till the budget, notwithstanding extreme instances like war.
[05:04:03 PM] => jassi210 : Sir, Can you please tell how should analyse the company for the long term and short term investment, and which sector will be best in move and can you suggest some good low value stocks?
[05:04:31 PM] => MS: Analysis of investments is by itself a very huge field; I will not be able to tell you here. Software and cement sectors look to be a good bet.
[05:04:49 PM] => bharathisg : What are Group B shares? What is the difference between Group B1 and Group B2?
[05:05:17 PM] => MS: Earlier during the time of badla, One could only carry forward stocks that are in A group. This distinction is no longer necessary now. B1 and B2 are groups were made to separate grain from the chaff. Financially better companies are covered under B1. No difference really.
[05:05:39 PM] => elements : Future of Aftek Infosys?
[05:06:23 PM] => MS: Price is zooming up these days. Bit of steam may be left in the rally.
[05:06:35 PM] => azimjimmi : Why is the Indian market is so shocked after the Sep 11 attack on America?
[05:06:58 PM] => MS: If someone drops a bomb in your lap how would you feel?
[05:07:20 PM] => sudarshanchari: In which scheme should I invest for a maximum period of six months to earn the maximum amount of return possible at this time in the market?
[05:20:57 PM] => MS : I do not track mutual funds. I will not be able to answer this.
[05:21:19 PM] => gopi_25: Can you shortly brief us on how is the scene of markets at this time?
[05:21:43 PM] => MS : The market is ignoring all the bad news and it is going up. Things are getting better.
[05:21:56 PM] => nilesh_cm : What is market going to be on Monday?
[05:22:23 PM] => MS : What can I say!!
[05:22:47 PM] => nilesh_cm : What is future of tech shares in today�s market condition?
[05:23:15 PM] => MS :Overall the sector is likely to remain bullish
[05:23:40 PM] => SM 22 : What do you think of Digital Eqps?
[05:24:23 PM] => MS : Price has already seen a big move from lower levels. Wait for a correction before buying.
[05:24:43 PM] => Pushkar : Which are the sectors that you are bullish about and where are you bearish?
[05:25:19 PM] => MS : Software and cement sectors look to be a good bet. When the market turns everything will come down. Sector wise there is little to choose from.
[05:25:33 PM] => Subba Rao : How about ACC, Sir?
[05:26:04 PM] => MS : Watch for a rally to around Rs 195-205 in a couple of weeks.
[05:26:18 PM] => Arun : Is this a good time for stock picking?
[05:26:35 PM] => MS : Yes but buy on declines.
[05:26:54 PM] => R-Nath : Sir, Is there any major activity in media scrips?
[05:27:24 PM] => MS : Balaji Telefilms is about to make an historic high, other stocks are likely to appreciate in sympathy with the general market.
[05:45:52 PM] => pmshahgsfcin : Prospects of geometrics software company?
[05:46:16 PM] => MS : Price has a major resistance at Rs 383. There could be a correction to around Rs 300. Long term it looks good enough for a rally to Rs 450.
[05:46:28 PM] => Sanjeev : Views on Gujarat Ambuja Cements?
[05:46:49 PM] => MS : Price has a major resistance at Rs 215. Once it breaks above there could be a rally to Rs 250 over a longish period. In short the view for the cement sector is good.
[05:47:24 PM] => Madhur : The prospects of cement sector?
[05:47:43 PM] => MS : Bullish
[05:48:04 PM] => Jose : Does it make sense to put money in FMCG?
[05:48:26 PM] => MS : The sector index shows a very sluggish behaviour. Make sure what are you buying.
[05:48:36 PM] => vinay : How long do you expect the current rally to last?
[05:48:53 PM] => MS : Till around mid �February.
[05:49:04 PM] => SV : Do you think the sensex will cross the 4,00 mark by the end of FY02?
[05:49:20 PM] => MS : I am hopeful
[05:49:31 PM] => Parashuram : Sir, which is a good medium temr buy?
[05:49:47 PM] => MS : Satyam, Infosys, Mastek and Polaris, are good bets.
[05:49:58 PM] => Sana : How do you rate Satyam comps?
[05:50:17 PM] => MS : Long term the stock looks to be bullish. In last week or so the price has really shot up wait for a correction before buying.
[05:50:36 PM] => Raghu : Will there be any major selling of US-64 scrips in the coming days?
[05:50:53 PM] => MS : If they sell someone else will buy why worry?
[05:51:08 PM] => KKV : Sir, comments on Monsanto?
[05:51:25 PM] => MS : No real buy signals, This one is on my watch list.
[05:51:37 PM] => NG 234 : How much will the sensex rise?
[05:51:51 PM] => MS : To around 4200 by march end.
[05:52:05 PM] => Pradeep : Can you suggest a good equity fund for me?
[05:52:24 PM] => MS : I do not track mutual funds.
[05:52:33 PM] => Sri : What is your opinion on the prospects of the Bajaj Auto scrip? What about the sector in general?
[05:52:48 PM] => MS : Bajaj has gone in a range of Rs 400 to Rs 360. This side ways action could continue for some time. Telco and M&M remain a very good bet.
[05:53:01 PM] => SanjeevB : Would you recommend Infosys at current levels?
[05:53:17 PM] => MS : Yes, on corrections.
[05:53:27 PM] => Martin : Which is the best pharma company to buy today?
[05:53:39 PM] => MS : Glaxo, Cadila and Wockhardt are good bets.
[05:54:38 PM] => Myiris : Thats the end of the chat session with Mr. Manish Shah.
[05:55:16 PM] => Myiris : Thank you all for logging on..
[05:55:49 PM] => Myiris : Our thanks to Manish Shah for his time and valuable comments.
[05:56:45 PM] => Myiris : We hope to see you all again on coming Monday for a chat with Mr. Rajiv Anand, Head-investments, Standard& Chartered MF.
[05:57:12 PM] => Myiris : Till then bye from us....
[05:57:33 PM] => Wish you a very happy new year!!!
