Tuesday, December 20, 2011

Chat Transcript :Deven Choksey Dec 20 2011

Deven Choksey: Good Afternoon All
divya_1980: why is L&T going down so much?? is this the right time to accumulate??
Deven Choksey: Infrastructure space has been beaten down like anything and L7T was the last man standing. Post the revision in order inflow guidance that the management gave of 5%, the stock has been under pressure. If u are a long term investor with a 2 years time horizon it is an excellent time to accumulate this stock. Contact us @ 022-66965513
bvnarsingrao: Sir, In June, 2010 you had been recommended TRIL at that time the price was Rs.450 or so, it has come down drastically. Since I am in pocession of 125 shares at the above rate, Can you through some light on this whether I will get my price. Thank Q.
Deven Choksey: In TRIL we had taken a macro call that if India has to grow than we need power and all the power capacities will come to stream as somewhat planned but the way the coal issue and inflation and high interest rates turned out into the macro economic enviornment we saw that power sector as a whole was heavily beaten down and TRIL was no exception. We still feel that for long term the TRIL story is good as they have entered into the higher KV transformers and once the margin expanion happens than the stock should find some flavor in the market.
11121981: what about IDFC buy 500 @ Rs. 130, should hold or not??
Deven Choksey: Stock is good but in the current momentum u will have to see more pain. I would advise you to hold the stock. Contact us @ 022-66965513
divya_1980: can i buy IVRCL for long term investment??
Deven Choksey: IVRCL has fallen significantly but the companys business is not doing well. They have high debt and were looking to sell their road assets. This shows the amount of stress that is there in the company. Be away from this company. Contact us @ 022-66965513
11121981: What about Acropetal Technologies? its a fraud company?? bought 1000 shares @ Rs. 19.43. please give your valuable advise. thanks in advance...
Deven Choksey: I think this was a company that got listed recently and is a smallcap company. I would advise exiting the stock. Contact us @ 022-66965513
deveshsays: wat r the imp support lvl for nifty
Deven Choksey: On the downside 4435 and 4300 are important support levels and on the upside 4750 should act as resistance on the nifty
khanjan r mehta: can you please suggest, now the time is for buying?
Deven Choksey: Yes this is the time to buy but the problem is that one has limited money and one should have the ability to see the stock getting correccted by another 10% from their purchase price and buy. If u dont buy than we may miss the bus entirely as the market if it makes a U turn than one will have a left out feeling. So it is better to buy and wait than to miss the bus, but buy in a staggered way. Contact us @ 022-66965513
josanand: Sir, Where do you see the SENSEX after 12 months?
Deven Choksey: 12 month target is 17500-18500. Contact us @ 022-66965513
divya_1980: when will the market come up
Deven Choksey: We all are waiting for the same my friend. But it should come sooner than latter as Indian markets have not traded at below 10x P/E.
speaktovineet: Hi Sir, Which is the better bank to buy for long term IDBI or Allahabad bank? or you have any other option in banking space..
Deven Choksey: In the banking space in current market time where all the stocks are beaten down , i would prefer buying frontline banking stocks like Axis bank & ICICI bank rather than IDBI and Allahbad bank. Contact us @ 022-66965513
talatibharat: Sir, what about TELEDATE INFORM(532358) buy 1100 @ Rs. 110, should hold or not?? AT PRESENT AVIL AT ONLY RS.00.90P/.YOUR OPINION EXPECTED FOR MY STRONG HART HELTH
Deven Choksey: What opinion can i give u if u cant even cover 1% of ur capital. and i dont think you should now worry about the stock as loss has already been done and in every bull market such management will come and make fancy stories. Take a lesson from this loss and beware for the future. Contact us @ 022-66965513
Deven Choksey: Thank you all for joining the chat.

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