Tuesday, December 13, 2011

Chat Transcript : 13 Dec Deven Choksey

Chat Transcript :

Deven Choksey: Good Afternoon All....
guni0706: dear Sir,i have 4000 IDFC @160, Pl suggest,should i Hold or Sell
Deven Choksey: I think u should hold and in fact think of accumulating some shares in the range of 90-95 if it comes with a perspective to sell at say around 110 levels. This will help u in brining down the cost of 4000 shares that u have bought at 160.
kumarrajesh21: What is your advice for small investors like us whose portfolio is showing a big loss. whether they should hold & wait for the market to rally or book loss as it is likely that it may go further down or buy more to average cost
Deven Choksey: I think it is time to hold and in fact average if u have the money and the conviction in your stocks. There is no point in selling at this point of time. Be patient and confident, things will improve.
rnbrao: Dear sir, Good evening, What is your view on CENTURY TEXTILES for short term. Thank you sir.
Deven Choksey: Company has not been giving results according to its potential. Stock is in downward trend so difficult to give u a view for short term and i dont track this company actively.
sharadz: Dear Sir, Good evening, do you think this bear market can linger on say for a year more,or market will consolidate for a much longer term before a new bull phase starts.
Deven Choksey: Markets can consolidate for a long period of time maybe for next 2-3 years but it will provide good trading positional opportunities if u have the conviction to buy in panics.
rnbrao: Dear sir, Good evening, What is your view on POLARIS SOFTWARE for short term and long term. Thank you sir.
Deven Choksey: In the IT space I like stocks like HCL Tech and I believe in investing in frontline IT stocks.
sumstn: sir i have 200 @ 276 of Bhel What is your view on Bhel for short/long term. Thank you sir.
Deven Choksey: BHEL has almost corrected 50% from its peak. If India has to grow than power capacities need to be ramped up and if that is ramped up than one of the benificary is BHEL. Also with the rupee depreciating this will help BHEL to compete with Chinese companies in a better way. There are also talk in the market of 14% duty on imported cpaital goods which if levied will help bhel immensely. I feel there is limited downside in the stock.
11121981: Sir what is your view on RBI policy and what will effect on IDFC??
Deven Choksey: I think that RBI policy will mainly depend on the inflation numbers that comes out tomorrow. So difficult to say what to expect from the policy at this point of time. There is an overall talk in the market of CRR rate being reduced but post the inflation nos I think will be in a better position to take a call.

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