[04:30:55 PM] => Welcome to the chat session at myiris.com

[04:31:17 PM] => Myiris : Our today�s expert guest Mr Gurunath Mudlapur from Khandwala Securities will be joining us very shortly

[04:32:08 PM] => DISCLAIMER

[04:32:21 PM] => Mr. Gurunath Mudlapur handles the research operations at Khandwala Securities Ltd. At the time of this conversation / chat, Mr. Gurunath Mudlapur may or may not have positions in the stocks mentioned below, although holdings may change at any time.

[04:33:08 PM] => The views expressed by Mr. Gurunath Mudlapur 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. Gurunath Mudlapur, 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.

[04:33:34 PM] => Lastly the views expressed by Mr. Gurunath Mudlapur 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.

[04:41:55 PM] => Myiris: Welcome to the chat show Mr Gurunath, shall we begin the session
[04:42:15 PM] => GM : Hi, good afternoon everybody, lets start the session

[04:42:36 PM] => Jaan: Suggest top three picks among sensex stocks which can give a reasonable return of minimum 25 per cent p.a? Can one invest in Infosys, Satyam and Wipro at current levels?
[04:43:55 PM] => GM: Top three picks at this stage, considering the long term investment perspective of over one year, would be Larsen and Turbo, Hindustan Lever and Dr. Reddys at lower levels. The IT stocks could be invested after another 10% correction in their prices. In the very short term, cash would be an out-performer.

[04:44:32 PM] => Cherry: Where should one invest in such panic times? What sectors and stocks can one enter and at what levels?
[04:45:49 PM] => GM: 60% in defensive stocks, 25% in risky sectors and 15% in cash. This, we believe is the ideal portfolio structure. Look at sectors like Healthcare, Infrastructure, Steel (only TISCO) and select IT stocks. Look at quality businesses, good management and dominant market shares for investment.

[04:46:42 PM] => Kartikeyan: Do u see the index stopping at 2160 or do u see it going down any further,. Which stocks / sectors would you enter at that stage !!! WHY ?
[04:48:22 PM] => GM: I am not very bearish on the Index, but would not like to comment on where the Index could go to, at this stage. The answer for the latter part is already spelt out earlier. The investment rationale is to buy the best companies in good and sustainable businesses at very cheap valuations and hold for medium to long term.

[04:50:18 PM] => Manoj: What is the next support level for sensex?
[04:50:50 PM] => GM: We see some support at about 2400 levels

[04:51:54 PM] => Eric.clapton: Is the software sector going through what you would call a adolescent phase?
[04:52:31 PM] => GM: Yes .... you have got it right.

[04:53:33 PM] => Nehal: What's your view on Godrej Consumer Products Limited? For the first quarter after de-merger the company has done well and its brand are gaining market share? ]
[04:54:22 PM] => GM: We are bullish on the company, it business growth potential over the longer term

[04:55:12 PM] => Pinky: How do you forsee the FMCG sector growth at this year? Can one invest in defensive stocks like HLL, Colgate, Cadbury etc? What's the ideal PE at which one should enter these scrips?
[04:57:00 PM] => GM: I see that the FMCG sector growth to be moderate this year. One can selectively invest in FMCG companies, but at lower valuations. PERs are company centric and cannot be generalized.

[04:57:50 PM] => Trader90: Is software boom going to end the same way as the tulip mania, railroad bubble and electricity frenzy?
[04:59:21 PM] => GM: I think it has more or less already ended. But, there are now very good investment opportunities emerging in the sector.

[05:00:29 PM] => Trader90: Do Hughes Software and HCL tech make good buys at these levels
[05:01:51 PM] => GM: U could buy HCL tech at much lower levels as the client profile is slightly skewed in terms of high end project and service implementations.

[05:12:12 PM] => Amit : the market has crashed to such a low that the retail investor has lost faith in the market. where do you see the market to go from here
[05:13:36 PM] => GM: There will some more correction at this stage and I expect the markets to begin reviving from December.

[05:14:29 PM] => Cool : which stocks do you think will pick up in the future
[05:15:00 PM] => GM: Larsen, Hll, Infosys, Wockhardt, Tata Power

[05:15:49 PM] => Investor: I think pharma & oil&gas (if apm dismantle)are the area of growth.what is your suggestion .What are the stock to watch?
[05:16:50 PM] => GM: I agree to an extent. Look for Ranbaxy, HPCL, Sun Pharmaceutical and Indian Oil Corporation

[05:17:35 PM] => Sanjay: How, in your opinion, are the investors, brokers etc handling the change in the trading system? What are your long-term views on options?
[05:18:33 PM] => GM: I would not like to comment o this issue, as they only raise more concerns than solve problems.

[05:19:24 PM] => Cool: can we expect any upward trend in this year in ICE stock
[05:20:07 PM] => GM: I do not think this could be possible

[05:21:27 PM] => Sunil : any further progress in T+2 SETTLEMENT which was asked by the broking community
[05:22:01 PM] => GM: I have no idea on the matter.

[05:22:58 PM] => Jpapneja :Are we close to the bottom or worse is yet to come?
[05:24:08 PM] => GM: yeah, we are nearing to the bottom, but the possible revival part is what is interesting, and I think it will take some time.

[05:25:14 PM] => Panshilpa : IS THE IT SECTOR BOUNCE BACK TO ITS JULY/AUGUST 2001 PRICES IN NEXT TWO MONTHS? WHAT ABOUT THE PERFORMANCE OF SELECTED IT STOCK LIKE INFY,WIPRO,SATYAM,HCL TECH.?
[05:26:13 PM] => GM: I do not think it is possible. The top rung companies shall at best remain market performers.

[05:26:54 PM] => Priya : Is the world of investment research stressful?
[05:27:44 PM] => GM: Yes, it is. The job entails a lot of mental agility and effective communication skills. Also, there is always a need to deal with the uncertainty associated with the future, where the risk reward assessment becomes tough. It is also necessary to get the averages right through patience and common sense.

[05:28:15 PM] => Sk : Do you think it's a good time for stock-picking? If yes, what parameters would you look at while investing? Any buy ideas?
[05:29:08 PM] => GM: With a two to three year perspective, yeah, it is definitely a fantastic time to invest. Buy Ranbaxy and Sun Pharma.

[05:29:32 PM] => Salman : Do u see any arbitrage opportunity in the derivative market as such there was in the badla market
[05:30:38 PM] => GM: yes, I see lots of opportunities in the derivatives markets. But, there needs to be better depth and width, which I think should come with time.

[05:30:58 PM] => Blanche : advice whether to stick on to what we hold(stocks)or exit now and enter after some time
[05:31:37 PM] => GM: I am not in a position to comment on this, as I have no clue as to what you are possessing at this juncture and what is your investment objective.

[05:32:35 PM] => Vishal : When do you think the index would touch atleast 4000.?
[05:33:32 PM] => GM: Your guess is as good as mine.

[05:33:55 PM] => Indian : Which are the sectors worth picking for investments with a horizon of 12-18 months. What is your definition of a long term investment for equity?
[05:34:30 PM] => GM: My personal definition of long term is 3-5 years for equity markets. Look at sectors like pharma, oil, cement, IT, FMCG and metals for a 18 month investment period.

[05:35:05 PM] => Raj : I have lost hope on the market .The biggest Govt. Investor (UTI) is�NT doing well in the markets either. Which area do you think can revive?
[05:35:36 PM] => GM: Lots of investments in infrastructure by the government, better fiscal management in terms of cost controls and changing the sentiments of the investors through real concerted efforts by various regulatory authorities.

[05:35:59 PM] => Svsman : with the war looming large over Indian subcontinent do you think the Indian stock will take a dip down?
[05:36:23 PM] => GM: If it is war, then yes. Even in case it is a proxy war, I see that the markets are headed for a downward trajectory in the short term.

[05:36:45 PM] => s.vijayrangan : what is your advise to small invester who invested during sensex 5000?
[05:37:57 PM] => GM: Nothing to say at this on this matter at this juncture. Only may be you could as well hold on for the sentiments to recover.

Myiris: That�s all for the day friends, Mr Gurunath just answered the last question.
[05:41:59 PM] => Myiris : Thank you all and have a nice weekend.