[04:31:44 PM] => Myiris.com : The Chat session will begin at 5.00 PM today. Sorry for the delay

[05:31:06 PM] => Myiris: Welcome to the Live Chat Session on Myiris.com.

[05:31:32 PM] => DISCLAIMER
[05:32:01 PM] => Mr. Srinivas Rao R. is the Head of Research at Rooshnil Securities Pvt Ltd. At the time of this conversation / chat, Mr. Srinivas Rao R. may or may not have positions in the stocks mentioned below , although holdings may change at any time.
[05:32:23 PM] => The views expressed by Mr.Srinivas Rao R. 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. Srinivas Rao R., 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.
[05:32:59 PM] => Lastly the views expressed by Mr. Srinivas Rao R. 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.
[05:33:28 PM] => Myiris: Welcomes to the show Mr. Srinivas Rao, Shall we begin the session.

[05:34:38 PM] => Dinkerrao: I would like to invest in Tech Mutual funds. My time horizon is 3-4 Years. Do you think there will be a bounce up in the tech markets?
[05:35:25 PM] => SR: Yes, tech market will bounce back, but it will go down further before that.

[05:36:04 PM] => Anuragsinghai:What is critical support level, in the medium term, for Infosys?
[05:36:26 PM] => SR: The critical support level for Infosys in the medium term is Rs 2700

[05:36:50 PM] => Staneja: What are Your views on VSNL price target post - disinvestment?
[05:37:49 PM] => SR: The key question is when this divestment will happen.If it happens in the next 4 - 6 months, the price will be around Rs 350.

[05:39:07 PM] => Chitaledeepak: What is the downside on investing in HindLever chemicals @ Rs. 145. Why is it so thinly traded?
[05:39:52 PM] => SR: There is no limit to downside. The scrip is thinly traded because there is no floating stock in the market.

[05:40:29 PM] => Sureshkrishnamurthi: Can you advice to invest in medium cap stock in the current market?
[05:41:34 PM] => SR: Yes, but not fully, one can invest 20 - 30 per cent of the portfolio in the medium cap stocks.

[05:42:03 PM] => Chetanpatel2003: Do futures & options the real solution for Indian market?
[05:43:03 PM] => SR: Future & Options is not a solution.. We are progressing towards developed market wherein investors have a mechanism to limit their risk and there exist different investment opportunities for people with different risk appetite.

[05:43:55 PM] => Sudhakarc: Do you suggest taking Thomas Cook open offer at Rs - 351? I invested at 300/- in Jan 2001
[05:44:30 PM] => SR: Yes, one should take the offer.

[05:44:49 PM] => Kirantk: Can I buy Fujitsu Icim at the current price of Rs 55?
[05:45:59 PM] => SR : No, it is better to wait for some more time.

[05:46:16 PM] => Ankitjain: What do you think of Banks such as Vijaya Bank in terms of a buy for long term and for tax free dividend
[05:47:05 PM] => SR: Though stock price is low the risks associated with smaller banks are high, so it is better to stay away, or invest only marginal amounts

[05:47:41 PM] => v_I_y: Whether to hold or sell shares of Engineers India Ltd.? Whether to hold or sell shares of Hughes Tele.com?
[05:48:39 PM] => SR: One can hold Engineers India shares. It is better to exit from Hughes Tele.com,as there are still lot of uncertainties about the sector

[05:49:01 PM] => Arkn: What is your view on e-Serve International
[05:49:46 PM] => SR: Its a strong buy. In the current environment of degrowth in revenues, e-Serve is showing strong rates and will continue to do so as the ITES story as just begun for Indian companies

[05:49:59 PM] => m_chetan: What is your outlook on Biotech?
[05:50:34 PM] => SR: Bio-tech is an exciting area. But there aren't many investment opportunities available in the listed segment

[05:50:45 PM] => Suresh657: What do u think of Nath Seeds?
[05:51:03 PM] => SR: We have concerns about management and product pipeline.

[05:51:24 PM] => Pagolusri: Sir what u think about the market where it will be headed towards?
[05:51:59 PM] => SR: In the short term, markets are clearly headed downwards, as the negative news continues to flow and nothing much is happening on the revival economy.

[05:54:38 PM] => Jaan: What happens to Zee now? Does this mean that all enquiry and wrong doings make the scrip fundamentally weak? what levels should one enter Zee now?
[05:55:06 PM] => SR: We think, the current stock already discounts all the negative things. The company's financial performance is actually improving as the subscription revenues are increasing and content improve. One can enter Zee at the current levels

[05:55:22 PM] => Amitsinha: Where does the market goes in the near term. What are the levels to re-enter in to the market and what are the shares to buy
[05:56:23 PM] => SR: I think markets will briefly touch 2800(BSE Sensex) level in the near term. That would be the best time to enter. The best shares to buy would be top rung stocks like SmithKline Consumer, Hind.Lever, Reliance and ITC. And selective stocks like e-Serve, Tata Telecom

[05:56:55 PM] => Scorpiam: When do you think the markets will revive and which are the stocks/sectors to watch for ?
[05:57:19 PM] => SR: Our guessestimate is markets will improve some time around end of this calendar year. The best sectors and stock to watch would be FMCG, Banking.

[05:57:44 PM] => Madhavi_d55: In such dull market if I want to invest my small hard earned money, where should I invest it? in shares or mutual funds? any specific suggestion ?
[05:58:37 PM] => SR: It is always advisable to invest in mutual funds, where an expert takes care of your investments. Many of the mutual funds are performing well.

[05:59:05 PM] => Srbhan: What kind of growth do you see good ITES companies delivering in the next 5 years? Eg. E Serve.should one invest in the company.
[05:59:33 PM] => SR: There is a big growth coming for ITES companies and e-Serve is a good bet to participate in this boom

[05:59:56 PM] => Verma1986: What about Satyam, can we hold it for long term?
[06:00:39 PM] => SR: Yes. One can hold on.. But you should be prepared for another 25% fall from current levels

[06:00:59 PM] => Verma1986: What do you think about Tips?
[06:01:30 PM] => SR: Its a too risk investment, better to stay away

[06:01:55 PM] => Vishal: I have 3100 Share of Himachal { HFCL }@ 248/- at this time what should I do. If your suggestion is to wait then How Much time I have to WAit . At what level I should out of it. What do you Think about HFCL's future Share price in the market and what do you think about Company's future.Thank you
[06:03:12 PM] => SR: I think, we will see more restructuring happening in the company, which should bring down the price further. I think it is better exit from the counter.. There is such thing as bottom, frankly very thought HFCL come down to these levels...

[06:09:51 PM] => Kgupta :Your question:A lot of views are emerging that market has bottomed out bottoming out pl. give your views, specially in reference to Indian market
[06:11:08 PM] => SR: I dont think that market has bottomed out. We still have more bad news to come, from software companies, companies in manufacturing, we think Jul-Sept quarter results and Oct-Dec results are going to be disappoint for most the companies.

[06:11:39 PM] => blanche : Your question:Mr. Srinivas - why are you stating that the sensex will touch 2800 odd. What are the reasons for the same. Aren't we battered enough already. Or are you saying that the realization of a recession is finally seeping in ??
[06:12:31 PM] => SR: We think Infosys will come from current levels. And there are thought about rerating P/E mutiple that one give Hind. Lever where growth rates have come drastically. These stocks can themselves bring down markets. And there is nothing great happening in the companies

[06:13:27 PM] => Tsraju : Your question:I hold 100 shares of Tata Power @ Rs.135/-, and 100 Shares of SBI @ 210/-. Can I hold them?
[06:13:47 PM] => SR: Yes, you can hold on these shares as both of them have decent outlook

[06:14:22 PM] => Chetan : Your question : what is the level of bounce back that you are looking in tech. The old glory or something ?
[06:15:39 PM] => SR: I don't think we will go anywhere close to those glory days. Basically the stocks have moved up on P/E re-rating and on the story of sustainable growth rates. Now growth rates has gone, so the P/E multiple will not be high. And historically we never had two consecutive bull runs on the same sector

[06:15:56 PM] => Sudhir narayan : how do u feel the cement sector to go from here. Specific stock like Guj. Ambuja and Larsen?
[06:17:08 PM] => SR: These look good longterms bets. The construction activity has happening at decent pace and this will continue. In addition we have hive-off event in L&T

[06:18:51 PM] => Chetan : Your question:with a horizon of 2-3 years what are the sectors to watch for?
[06:19:25 PM] => SR: The sectors to watch would be - Entertainment, financial services, ITES and utilities

[06:20:18 PM] => madhu : what according to u is the future of the stock market?
[06:21:00 PM] => SR: The future of market is positive-- if we are doing well economically over the period, the same gets reflected in the markets.

[06:21:23 PM] => Shailesh : Your question:What % of ones portfolio should one invest in stocks now?
[06:21:33 PM] => SR: 10% of your portfolio

[06:21:56 PM] => Alka : Your question:Promises Promises do u think that the NDA government can deliver
[06:22:28 PM] => SR: True, we have only promises. They still have time to do something and revive economy.

[06:22:56 PM] => Shailesh :Views on Apollo Hospital and Praj Industries
[06:23:25 PM] => SR: Both companies are good buys at these levels

[06:28:28 PM] => Karti : Your question:What is the business that HFCL is in - I am totally confused - a good buy at Rs.30
[06:28:49 PM] => SR: It is in the business of telecom equipment, turnkey solution wherin they execute network installation of telecom service cos. It is better stay away

[06:29:13 PM] => charu : Debt funds have seen rise in nav in past few months. Do u see this continuing in future?
[06:29:41 PM] => SR: No, it would definitely come down

[06:30:05 PM] => Samant : Don't you think that telecom sector would be the most happening sector with huge huge potential for teledensity ? Which are the scrips in telecom for long term investing ?
[06:30:38 PM] => SR: The telecom sector will grow in size and revenues and interms of profits and who make money, it is still uncertain. Tata telecom is good bet in this sector. One can have small exposure to both VSNL and MTNL

[06:31:03 PM] => Chetan : What is your outlook on Pharma Sector. And what are the best bets at current levels
[06:31:43 PM] => SR: We are positive on the sector. Our best bets would be Dr. Reddys and Ranbaxy..one enter at corrections

[06:34:46 PM] => Samant : Please let me know after domestic Pharma having big run it is good to invest in MNC pharma like Hoechst and Glaxo, Pfizer for long term
[06:34:59 PM] => SR: Hoechst is good buy, but there still concerns on growth Glaxo and Pfizer

[06:35:20 PM] => vijay mehta : I have Punjab Tractors and Cipla among other shares in my holdings. The average purchase price comes to around Rs.250/- and Rs. 1560/-. What should do I do ?
[06:35:51 PM] => SR: I think one should hold on to both the stocks and the outlooks remains positive

[06:36:20 PM] => Kishore : What is your view on DSQ Soft? Will it ever touch 2000/-
[06:36:39 PM] => SR: very unlikely

[06:36:57 PM] => samant : I like this bank stock ? any comments to invest at current levels. Also please advise for IDBI and IndusInd Banks ? ? ?
[06:37:08 PM] => SR: IDBI bank is a decent bet

[06:37:27 PM] => vijay mehta : Your question:After today\'s close where do U C the markets next week??
[06:37:50 PM] => SR: There is selling from institution, this along prevalent gloomy sentiment it is likely remain weak. But one should also remember, when is a unanimous view on anything, markets will act opposite.

[06:41:22 PM] => Samant : How are these MNCs for investment on back of its parent's strength Asahi Ind?
[06:41:34 PM] => SR: they are good, especially if there is a possibility of open offer

[06:41:54 PM] => neena menta : Your question:I hold shares of Infosys at Rs.2,500/- while Wipro was acquired at Rs.950/-? What should I do ??
[06:42:10 PM] => SR: If I am holding on to these stocks, I will sell.

[06:42:27 PM] => charu : what is the scope of debt funds
[06:42:44 PM] => SR: Scope is huge. The size of these funds in other countries will clearly indicate whats ahead for us

[06:43:13 PM] => Sujata mehta : I am holding about 2000 shares of RPL @ Rs.25/-. What R the prospects of the company in the event of the deregulation vis-à-vis the PSUs.??
[06:43:44 PM] => SR: It is better placed vis-à-vis PSUs.

[06:44:59 PM] => las68 : Your question:At 2800 levels u are suggesting I buy lever,reli, ITC tata tele etc.. why have u left out infosys , wipro from your list - are they the kings of the past . Why are you concentrating on defensive plays or suggesting to play defensive when the market would be completed battered . R u suggesting a FURTHER FALL FROM 2800
[06:45:17 PM] => SR: The point is to invest in large cap and growth stocks. The outlook for software sector is still not clear. From the current levels P/Ex can only come down .

[06:45:55 PM] => Shailesh : What average P/Es should IT Services companies quote at?
[06:46:07 PM] => SR: This would be stock specific and on expected growth rates, it cannot way off from the market P/E

[06:46:24 PM] => Chetan : sorry, but what is ITES
[06:46:35 PM] => SR: ITES is IT enable services or BPO- business processing outsourcing..which including transaction processing, callcenters etc

[06:47:42 PM] => Myiris.com : Thank you Mr. Rao for sparing your valuable time on Myiris chat session and sharing your views.