[04:18:20 PM] => Myiris: Good evening ladies and gentlemen!
[04:19:13 PM] => Myiris: The Live chat with Mr. Saumil Trivedi of envestmentz.com shall begin at 4:30 P.M.
[04:25:32 PM] => DISCLAIMER
[04:25:56 PM] => Mr. Saumil Trivedi is the Vice-president of envestmentz.com At the time of this conversation / chat, Mr. Trivedi may or may not have positions in the stocks mentioned below , although holdings may change at any time. The views expressed by Mr. Saumil Trivedi 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. Trivedi, 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.
[04:26:28 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.
[04:27:25 PM] => Lastly, the views expressed by Mr. Trivedi 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.

[04:28:26 PM] => Myiris: We welcome to another enlightening chat session on myiris.com!

[04:29:29 PM] => Myiris: The session will commence in a couple of minutes.

[04:31:40 PM] => Sahdev: Are we finally going to see 2750 (BSE Sensex) before any chance of a recovery? Should I wait for those levels or start investing now. Which stocks would you recommend putting money in at this stage, if at all the atmosphere is conducive.
[04:32:32 PM] => ST: Probability definitely points towards index reaching 2,800-3,000 range. Presently in my view, investing should be restricted to defensive stocks preferably those which assure you a reasonable dividend yield return e.g.. LIC Housing. Tech stocks should be avoided for the time being as the de-rating of these stocks can be quite dramatic, as we have witnessed with respect to NIIT over the past 2 days.

[04:33:31 PM] => Ramesh: Most of our first rung software companies have a PEG of less than 1. Are they not therefore at screaming valuations? Where are all the investors?
[04:34:28 PM] => ST: The companies that you may be referring to are presently out of favour largely because they had attracted very high speculative interest. Further, the management credentials of these companies are beginning to be doubted very seriously by the market e.g.. DSQ.
[04:34:56 PM] => Further, in light of the declining volumes and the unlikelihood of any speculative activity returning to the market, these stocks can become even cheaper than they are today as we go forward. Therefore, unless a very strong technical reversal signal on at least a monthly basis is available, in my view it is better to avoid these stocks.

[04:35:46 PM] => Sunitas: Your comment on ACC (your research report) suggests a buy at current levels at 10.2 PE for FY 2003 results. Don�t you think that commodity stocks normally get a discounting of roughly 8 or less? Is there a reason why cement stocks in particular should get a higher valuation?
[04:36:47 PM] => ST: Yes, the commodity stocks do get lower valuations but the cement industry is cyclical in nature and valuations are on higher side when there is a cyclical up trend. Also historically, ACC and GACL have commanded premium valuations as compared to their peers in the cement industry. We preferred ACC because of a turnaround story.
[04:37:30 PM] => Also, due to high operating leverage ACC gains a maximum when there is an increase in cement prices. We expect cement prices to hold firm and rise post-monsoon. Further, please note that the recommendation is a long term one discounting results for next 2 years.

[04:37:53 PM] => Manoj: How does Digital look to you - given the results, a good horse to bet on at current prices?
[04:38:30 PM] => ST: Our first assessment of Digital is not very encouraging. This is because the EPS growth quarter on quarter shows distinct signs of flattening out and therefore the PEG has shot up dramatically. Our median price forecast for the same gives the maximum upper target of 600. Therefore, we would recommend to sell into any strength. Further, it may be emphasized that the flatter growth is more disconcerting because of its lower base and an employee strength of over 1,200.

[04:39:57 PM] => Kartikeyan: Are the Q1 results, a reflection of the state of our economy - Is our growth rate stagnating or are we headed towards a recession?
[04:40:45 PM] => ST: Going by results of core sector such as steel (TISCO�s results) your observation certainly holds value. The economy numbers are definitely not encouraging with GDP figure having been revised for 2001 from 5 to 5.25%. The key to economy growth lies in the strong inflow of FDI. However, with the Enron issue hanging fire, it is debatable whether this will materialize in any significant way in the current year.
[04:41:28 PM] => The hope of Indo-Pak relations getting normalized for a large economic dividend have also been dashed at least in the medium term. Further, in the larger context of the world economy, the latest forecast suggests that the global outlook for the current year is a growth of 2.7% vis-�-vis 4.9% last year. US economy is expected to slow down to 1.5% against 5% last year.
[04:41:56 PM] => South East Asian economies are also faltering and the contagion seems to be spreading to Europe. In light of this it will be na�ve to assume that the Indian economy will escape the effects of global slowdown. This is already evident from slowing down export numbers. Whether all this leads to a recession or not remains to be seen.

[04:42:21 PM] => Jajoo: Your views on the proposed broker strike on the 23rd July �2001. Don't you think that all the brokers are holding our financial markets to ransom?
[04:42:45 PM] => If you all do go on an indefinite strike, don't you think that all the FII's and FI's shall pull out temporarily thus affecting our markets which in turn is supposed to reflect our economy?
[04:43:23 PM] => ST: Please remember that brokers as a community at large have maximum stake in functioning of stock markets and they stand to lose the most by shutting them down. Therefore such an extreme measure must have been necessitated by the fact that the current changes in system of the functioning of stock markets has put their very survival in jeopardy. I don�t think the broker community is against reforms that are being brought in.
[04:44:15 PM] => However, their contention appears to be that they may be brought in, in a manner such that it does not preclude participation of all the players who were hitherto forming a large part towards the trading volumes in the market. Further please note that this is only a one day protest to bring attention of the authorities to the plight of the brokers which has been adequately reported by the press in terms of number of brokers having to shut down their shop or surrender their terminals thereby affecting livelihood of thousands of families.

[04:45:26 PM] => Ghanshyam69: I went through your report on Hughes Software - correct me if I am wrong but it looks like you are suggesting a buy with an upper cap of Rs.750. I thought that being a product company (on the lines of a Visualsoft) Hughes would be most affected by the slow down in the US markets - it�s dependency on its parent even does not speak volumes of its business acumen/ plans - Your comments?

[04:46:13 PM] => ST: The product percentage for Hughes software on the total revenue for the current quarter has been lower at 27% so a slowdown is a reality but not as severe which will happen for Visualsoft which has over 50% of its revenue coming from web based product suites, which is Internet based and hence very volatile. As far as the business acumen of Hughes goes, it has been able to garner IPR revenues in the current quarter.
[04:47:05 PM] => Thirdly, the 37% revenue exposure to its parent lends a robust structure to its overall revenues, which is absent in the case of Visualsoft. Further, Hughes is one of the few companies in the Tech sector in India devoting a large part of resources (12% of revenue)towards R&D of basic nature. This we believe is the crying need of the hour for tech companies to prosper and grow in times to come.

[04:47:49 PM] => Maran: Your comments on Infosys - do I continue to believe that Narayan Murty shall not be able to deliver a greater than 30% growth rate? If true don't you think that Infosys is overvalued for FY '02? Can I expect a price of Rs. 2750 on Infosys.
[04:47:59 PM] => ST: Yes.

[04:48:20 PM] => Bkpandya: I have bought SSI at 220, what about it?
[04:48:39 PM] => ST: Going by the price movement over the past 2 days, there appears to be something distinctly wrong with the company. We strongly believe in not fighting with prices and therefore would want to exit from the stock.

[04:48:59 PM] => Rao1610: Can I buy HFCL at this price of Rs. 68?
[04:49:09 PM] => ST: No way

[04:49:40 PM] => Mahindrac: Dear Sir, have seen you on CNBC a number of times - I always thought that you were a pessimist but it looks like you were correct and all the fund managers were wrong - boy I wish that I had given you my money to manage. Does your current firm, this envestmentz.com do any PMS service?
[04:50:37 PM] => ST: Dear Sir, it is not a question of being a pessimist or an optimist. My last experience of last 15 years in the market has taught me one thing and that is to be a realist and to listen to the market. So thanks for the compliment. We do not offer any PMS service for the time being however, you may want to do your broking through us and get our views on an ongoing basis. Thanks again.

[04:51:48 PM] => Snarang: First it was the brokers who created scams along with the help from the banks now it is the Institutions - UTI which is behind one. Who do we trust? The government might as well start guaranteeing all returns from the stock market if it is using us taxpayers hard earned money to bail out scamsters.
[04:52:08 PM] => ST: My view trust your own judgment and act upon it.

[04:52:48 PM] => Nehal: Is it worth watching markets very closely, I mean there is no clear trend emerging and the volumes has almost shrunk to 10 per cent of the normal volumes before rolling settlement. Can you please tell that what should a retail investor do in such a situation?
[04:53:34 PM] => ST: The current state of affairs in the market certainly does not warrant any close view. Though the trend in short term appears to be not clear, the long term trend is distinctly downward. Therefore a retail investor�s focus right now should be on preservation of capital and wait with liquidity in hand for an opportune moment to get back into the market which in my opinion may materialize somewhere in middle of November 2001.

[04:54:06 PM] => Rajesh68: What is your outlook on Ranbaxy, Dr. Reddy's and Cipla - worth investing now or is there a 20% correction in the offing?
[04:54:32 PM] => ST: All the three companies are in the limelight but it is worth investing after a 10% correction. Cipla near Rs.1000 levels looks good. Dr. Reddy�s has recently cleared a major hurdle in marketing Fluoxetine 40 mg.capsules in U.S. and therefore, there will be a big upside in financials in current fiscals but we think that market has discounted it.
[04:55:05 PM] => As far as Ranbaxy is concerned, we will like to wait till the domestic Pharma market improves because of its exposure to anti-infective segment which is recording very low growth rates.

[04:55:25 PM] => Mona74: Dear Sir, I thought you were with Dil Vikas, when did you shift? What does envestmentz do? Is it a dot.com company or can I trade with you?
[04:56:03 PM] => ST: I have joined Envestmentz.com since July 1, 2001. This is a division of a well known name in broking industry namely Asit C. Mehta Investment Intermediates Limited. You can either trade through ACMIIL or through online trading on Envestmentz.com. I strongly recommend that you visit the site of Envestmentz.com Thanks.

[04:56:55 PM] => Sjohn: Do you see Forex volatility affecting our Equity Markets in the near future? Does Forex volatility affect our markets in the first place? Where do you see the rupee settling in FY '02?
[04:57:38 PM] => ST: Fortunately for India the strong Forex reserves and very active management by RBI rupee has remained relatively stable apart from the annual depreciation of 5%-6% in a gradual fashion with few blips in between.
[04:58:28 PM] => The Forex volatility would be of primary concern to the FIIs as their investments are directly affected by the same. However, judging by the continued FII inflow, they do not seem to be unduly worried about value of rupee depreciating sharply. Therefore, markets need not be much worried with respect to rupee value going forward. As for rupee settling in FY �02 it is too much a long term call for me.

[05:00:48 PM] => Ranganathan_nds: What is your expert advice to investors to avoid getting caught and bruised when a market disaster strikes? Do you think that there is any market disaster going to take place in the immediate term of next six months? Where do you think the market will settle in the quarters July-Sept. and Oct-Dec 2001?
[05:01:55 PM] => ST: The simplest way to avoid getting caught and bruised is first do not overextend yourself with respect to funds second set return targets and book profits accordingly. Third, always keep a level below which you cannot afford to lose any more money. As for the current year, the biggest threat for the market appears to be the manner in which the UTI issue plays out.
[05:03:14 PM] => If by any chance, it leads to a run on UTI a disaster for stock market will be quite inevitable. Otherwise, I expect the market to settle down in 2800-3000 range by the year end.

[05:04:46 PM] => Ranganathan_nds: Many fund managers have destroyed investors' capital deployed by them in various schemes especially tech funds. Do you think that fund managers have the expertise or ability to sense and keep clear of an approaching market disaster, so as to be able to make an exit in right time to protect investors' money?
[05:06:26 PM] => ST: It is not for me to comment on expertise of any person related with stock markets. However, as far as mutual funds and the management of their funds are concerned, I feel they are constrained by the following:
[05:07:42 PM] => Mutual Funds makes its money on management fees of funds collected. Therefore they are predominantly having to voice a favourable/bullish view on the market because investors will not give them funds without such a view. The fund manager in turn is compelled to invest having been given the funds for investing and has the protection of measuring his performance relative to performance of index.
[05:08:52 PM] => Therefore, he is always very reluctant to exit from his positions even despite seeing a bad market ahead simply because he would become answerable for sitting on non-invested cash. Therefore, it is for investors to be acting smart and withdrawing money from Mutual funds whenever there are major bearish trends in the market.

[05:09:46 PM] => Harshita: Do you see Tisco breaking its previous low of Rs. 85 - What would be the fair value (perceived) of Tisco - Your views on it sir!
[05:10:08 PM] => ST: TISCO has a strong and critical floor in the 90/93 range. Therefore the next 3-4 trading sessions are critical. For immediate action I would recommend buying a call option of strike price 90 and selling out any stock held.

[05:10:53 PM] => Kamesh_ maniar: When do you foresee Share Market very up? Share Market Trend?
[05:11:26 PM] => ST: If you mean very up that is reaching 6150 it is a very long way away. Real reversal of a secular trend upwards is likely only once you have a monthly close above 3711.

[05:12:11 PM] => joydeepmukherjee2000: Advice Reqd.
[05:12:31 PM] => ST: For what ?

[05:12:59 PM] => ind_ crazy: Which sectors in economy do you think will out perform Sensex? When do you expect markets to revive?
[05:14:37 PM] => ST: Going by current trends, the Pharma sector is likely to outperform the Sensex. In my view markets may find a significant bottom around middle of November 2001.

[05:15:01 PM] => Russirastomjee: How will Pfizer's 100% foreign subsidiary affect the working of its present operations in India?
[05:16:00 PM] => ST: As clarified by Pfizer�s management, its 100% subsidiary won�t affect Pfizer, as new product launches will be through Pfizer only.

[05:16:48 PM] => Cherry: Till now the results of the IT companies have shown a mixed trend, with Infosys, Satyam, Wipro & Digital posting good financials. What about NIIT, Polaris, Kale and other second line IT stocks. What's your view on the second quarter expectations and overall about the IT sector? Should one invest when the market is falling from current levels?
[05:17:15 PM] => ST: The slowdown in tech sector in USA is of gigantic proportions. The capacity utilization of tech sector has fallen to a 25 year low. The Indian software companies as per the results of June Quarter have shown a distinct slowdown in growth of earnings.
[05:18:08 PM] => The results for quarter ending September are likely to prove to be a do or die situation for their prospects ahead. Therefore, in our view, it is prudent to stay away from them until then.

[05:18:31 PM] => Abhijit: I heard that there was a raid or inquiry by the CBI at the UTI offices- just a rumour or is it confirmed that the inquiry is on?
[05:18:56 PM] => ST: No comments

[05:19:34 PM] => B_gururaj: When will the bear market end, approximate time zone & BSE Sensex region may be indicated.
[05:20:03 PM] => ST: Hopefully by November 2001 in 2800/3000 range. However, there is a strong possibility that the Sensex may seek even lower levels with intermediate rallies of 10%-20% in magnitude.

[05:20:34 PM] => avi: How do I make money in derivatives with min risk and max gains?
[05:21:09 PM] => ST: Please refer to an exhaustive presentation on the derivatives market in the university section of Envestmentz.com.

[05:21:38 PM] => rmehta88: At what level of Sensex you can expect entering market?
[05:22:18 PM] => ST: 2800 - 3000 range keeping 2700 as a strict stop loss.

[05:22:38 PM] => harry59: With Opec expected to cut the oil supply by a further number of million barrels an already recession based economies shall go further into recession - do you see oil touching $30 a barrel again?
[05:23:16 PM] => ST: Sorry I am not an oil expert

[05:24:12 PM] => nikunjkapoor: Given the low volumes today do you think that technical levels will still work or if the volumes today are the actual reflection of our market depth then the history on which people rely on technical research is of no use. So how does one plot/look at levels currently?
[05:25:38 PM] => ST: A very good and relevant question. The interpretation of price history of those stocks for which volumes have plummeted sharply, on technical basis going forward is likely to be a highly unreliable analysis. However, for the Sensex as a whole, it is likely to still hold relevance assuming that volumes do not dry up further.

[05:26:42 PM] => Nahar69: Zee, Saregama and Mukta arts - Which of these production houses/ media houses should one put his/her money in? Are pay channels going to succeed in India?
[05:27:38 PM] => ST: Our preferred choice is Mukta Arts. The success of pay channels depends largely on the extent to which the cable operators are made accountable to disclose the actual number of viewers on their network.

[05:28:04 PM] => Krishna: Is it a good idea to invest in Syndicate Bank & Andhra Bank scrips at this rate?
[05:28:17 PM] => ST: On a dividend yield basis Syndicate Bank looks O.K.

[05:28:47 PM] => nsl_scb: What does the future hold for the DSQ group. Do you consider the 6% and above GDP growth forecast realistic?
[05:29:27 PM] => ST: To say the least, going by the reports in press the future of DSQ price at least appears bleak. Going by the current statistics available, GDP growth forecast of 6% appears difficult to be achieved.

[05:29:57 PM] => namli: What is your opinion on investment in Shipping Corporation of India and also Neyveli Lignite Corporation?
[05:30:31 PM] => ST: We are recommending Shipping Corporation of India purely on dividend yield basis and possible upside on any divestment in future.

[05:31:10 PM] => Miteshbvora: Should I buy Hughes Software and Aftek Infosys at this rate? Both the stocks have been stable for the past month and are in the products space and doing well even now. Aftek is trading at 5 times forward earnings.
[05:32:07 PM] => ST: We see an upside up to 750 for Hughes Software. In the tech sector universe this remains to be our most highly ranked stock both in terms of relative valuation and future prospects.

[05:33:00 PM] => Akhil: What do you think the bottom of index for coming future?
[05:33:14 PM] => ST: 2800 � 3000

[05:33:46 PM] => Sai83: Is it worth to invest MTNL Stock at this level of Rs.124/- will it go up in the next 6 months or so? Please reply.
[05:34:33 PM] => ST: Volumes in this stock have dropped dramatically suggesting hardly any interest from any player. Unless the volumes pick up it is advisable to stay away. Technically, range of 105 / 110 is a major support range.

[05:39:41 PM] => Hsbhandari : Please comment on IBP & Reliance Petro?
[05:39:59 PM] => ST:In view of the expected divestment for IBP in near future, there appears to be an upside potential in the same. Reliance Petro at current valuation does not offer a significant upside and hence can be avoided.

[05:40:14 PM] => Tapanl: At what price can I enter into NIIT & SSI for trading?
[05:41:33 PM] => ST: There is a saying that "Don�t try to catch a falling knife. You can only get hurt!"

[05:42:23 PM] => Miteshbvora: My father holds around 10,000 Lever, what do you suggest should he do with it. Should he buy a PUT on lever at around 220-225 range and then exercise it when the price goes down to 180-185. Do you think the price will go beyond 230, we don�t want to sell off the shares but hedge our portfolio and make some money if possible.
[05:42:45 PM] => ST: Buying a PUT in the range suggested is the best strategy to hedge your position.

[05:43:03 PM] => Aakindia: I had bought 10 shares of SSI at 2950 and 35 shares of Satyam at 2405 (10 pd up) what should I do?
[05:43:23 PM] => ST: Don�t live on hope.

[05:43:40 PM] => Vivekms: When do you feel the NAV�s of the equity based mutual funds will be at par if not more?
[05:43:52 PM] => ST: In distant future if at all particularly for tech mutual funds.

[05:44:06 PM] => Shilpajain: What so your think, when will the markets improve ? Is it expected to fall around 3000 level?
[05:44:24 PM] => ST: Towards the end of the year. Yes

[05:44:41 PM] => Aakindia: Can I make money in derivatives by putting in least money and max profits?
[05:44:57 PM] => ST: Yes, but remember that the least money in terms of premium to be paid for buying options, has to be paid upfront and is the maximum potential loss.

[05:45:33 PM] => Shilpajain: Is the rolling settlement responsible for the current fall in the market or there is any other reason?
[05:45:51 PM] => ST: The introduction of rolling settlements for the large number of stocks without adequate mechanism to provide for margin trading in cash market has lead to a sharp fall in volumes and is beginning to weigh heavily on prices. Other negative factors contributing to the current weakness are the UTI factor, weakness in global equity markets and weak domestic economy.

[05:46:11 PM] => Novice: How are bank stocks for investments? Can you name a few good buys in this sector?
[05:46:24 PM] => ST: We are positive on HDFC bank and Corporation Bank.

[05:46:44 PM] => RK : I�m holding NIIT, what to do and at what price?
[05:46:57 PM] => ST: We would recommend an exit.

[05:47:36 PM] => Akhil : Can I buy Wipro at current price?
[05:47:56 PM] => ST: Our target for Wipro is 1600. Therefore at current price the risk /reward does not appear to be quite attractive. We would consider investment possibility after September quarter results

[05:48:10 PM] => Lesson: What are your views on Capital Account Convertibility? Is it feasible in India, particularly after the South East Asian experience?
[05:48:36 PM] => ST: It is a declared intent of government to do so. However, it�s timing in terms of full convertibility remains to be a difficult one particularly because of what you have referred to, the South East Asian experience and Malyasia�s success for reverting back to non-convertibility.

[05:49:04 PM] => Lee: Do you see the reintroduction of carry forward under rolling settlement (CFRS) on the cards?
[05:49:28 PM] => ST: This is one option at least in form of the modified daily carry forward system for bringing back liquidity to the markets and allowing shortselling as a legitimate way to participate in the markets. The other option is for allowing margin trading with reasonable margins. However, this option would require that there is a sound system for lending and borrowing of stocks. Since the latter option has lot of hurdles to overcome, it would make more sense to allow the first option which has already been tried and tested.

[05:49:41 PM] => Aakindia: What is the best investment options at present?
[05:50:03 PM] => ST: Considering the current status of the markets it would be prudent to tread very cautiously. Preservation of capital should be uppermost in mind. The best option is to look for good dividend yielding companies such as LIC Housing, Shipping Corporation of India, Indo-Gulf Corporation, Engineers India, Container Corporation etc.

[05:51:05 PM] => Vivek : I see sensex heading towards 1850 long term ... from Elliot wave analysis ... possible ?
[05:51:22 PM] => ST: Theoretically, Yes!

[05:51:49 PM] => Nikhilsp: Saumil, how much share would the derivative segment hold vis-a vis simple buy and sell.
[05:52:03 PM] => ST: Currently it is minuscule. However, the Sensex Futures satisfy the requirement of substituting for a normal stock and hence may pick up in volumes for trading purposes. Option products require a very vibrant cash market. Therefore, unless trading volumes improve dramatically on the cash market, trading in Options is likely to remain very low.

[05:52:46 PM] => Nikhilsp: Do I take a chance on being an options writer...considering the nascent stage of the market?
[05:53:31 PM] => ST: Writing naked options is always a very dangerous strategy in any market. Therefore, it is advisable not to do so. However, covered writing on the call side is a good option particularly if you have a long term investment view on any stock.

[05:53:52 PM] => Lesson : will American style index options increase interest/participation in the derivatives segment?
[05:54:04 PM] => ST: It will have greater significance once (i.e.after 6 months) when options will be allowed to be exercised for stock unlike for cash as of now.

[05:54:51 PM] => Vivek : Can VSNL outperform the markets by a large margin? Can it break its previous recent high (around 410)? how safe do you think it is considering the attractive dividend this year.
[05:55:09 PM] => ST: Currently it remains only a dividend stripping game. It�s future price will largely depend on the kind of interest valuation wise it receives for the proposed divestment.

[05:55:28 PM] => Vivek : Do you think that the last major bottom 2713 is of relevance now that the Sensex composition is different.
[05:55:44 PM] => ST: Theoretically NO. However, large number of players following the market may view it to be of critical importance and initiate action based on it. Therefore, it�s relevance cannot be totally ignored.

[05:56:47 PM] => Hrishikesh.J : I am doing a project on the shares of Infosys,Wipro,Satyam Comp. & Videsh Sanchar. Can you help me in any way please? P.S. I am 14 years old.
[05:57:00 PM] => ST: You are welcome to visit our office and see me.

[05:57:20 PM] => Sachin : Software education stocks like SSI, Aptech and NIIT are badly hammered. Sir, what is the future outlook and is these stocks bottomed out?
[05:57:32 PM] => ST: Bleak

[05:57:46 PM] => Lesson : When do you see the next IPO ?
[05:58:04 PM] => ST: Beginning next year.

[05:58:24 PM] => Anil_Bhusar : What is your opinion on Ashok Leyland? Should we expect any upside
[05:58:44 PM] => ST: Keep a downside view of 45.

[05:59:25 PM] => Myiris: Mr. Trivedi has just answered the last question for today's session.

[06:00:00 PM] => Myiris: We thank him for his time and efforts.

[06:00:49 PM] => Myiris: We also thank all the participants for joining us today.

[06:01:48 PM] => Myiris: Please do join us again on Monday the 23rd of July '01, for another Chat session.

[06:02:34 PM] => Myiris: Our guest for the day is Mr. Nandkumar Surti, Head - Fixed Income, JM Mutual Fund.

[06:03:04 PM] => Myiris: Thank You and Good Bye!