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THE CHAT ROOMS
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'A sickness prevails in Dalal Street''It is as bad as it gets. Unless Delhi has a vision, we are all going to suffer,' says Ramesh Shrichand Damani.mahesh : what is ur view on blue dart express with the m.cap of 200 crores can it become a 2000 crore company what is ur view Ramesh Shrichand Damani : I remain bullish on the logistics courier business. They are the leaders. Gati is also interesting kanchana : mr damani, are you happy with e-serve's results? Ramesh Shrichand Damani : I dont have the break up between IT Enabled and Call Centre. Don't know the growth rate. It remains a good growth story. monkey : Dear Admin, has mr. damani on leave today Ramesh Shrichand Damani : Hello everybody. Sorry for the delay lets start. Thanks for joining in. monkey : kindly ans my questions abt vsnl and ibp any other good tip Ramesh Shrichand Damani : Both look good at current prices. Let us hope that the disinvestment gets done. james : how has the badla ban affected trading? Is the ban a good thing after all? Ramesh Shrichand Damani : Adversely. Volumes are in 5-10scripts. A sickness prevails in Dalal Street. It worries me because Dalal Street remains a symbol of the economy. kelly : do u expect heavy redemptions in us-64 tommorrow? Ramesh Shrichand Damani : It may start slow but will build up. Samir Barua had some good suggestions in ET. I am afraid UTI is going to have to downsize. ravi : is it advisable to take up day trading as a full time profession ? Ramesh Shrichand Damani : It is one of the toughest professions.You are evaluated day to day.(Loss/profit.) It's not for people without discipline or some capital. MUKUL : WHY ZEETELE HAS GONE SO HIGH Ramesh Shrichand Damani : Technical bounce. smartie : is hdfc a good buy now? their results seem to be good!!! Ramesh Shrichand Damani : HDFC and HDFC Bank look good to me. akc : Dear Sir,secondary market:whether bull or bear phase is it not that profit of somebody is equal to loss of somebody.Then how can one say that UTI should make profit only.If UTI gains then somebody has to loose who will be that somebody. Ramesh Shrichand Damani : Futures are a zero sum game. Not Stocks. When market goes up everyone makes money. Some lesser than others. No one said UTI should make profits only. But some of the purchases involving hundreds of crores were not the most prudent decisions bushan : I have wipro 200 shares for 1550how is it looking for 6-12 month period Ramesh Shrichand Damani : It remains a good bet in IT sector. However if market breaks as is likely, it will slip. investor : will rolling settlement will be successful in indian stockmarket context Ramesh Shrichand Damani : It will take time and effort. Retail trader hates rolling. smartie : will the yaadein flop affect mukta price? Ramesh Shrichand Damani : It already has. These are one product co's(one film). No multiple revenues rakeshsikka : should I purchase L&T & GAIL Ramesh Shrichand Damani : L&T looks a good defensive investment. longnosee : Is futures difficult for small investor? Ramesh Shrichand Damani : No. It's fairly easy to understand. It is a good product and will do well. sanjay : Dear sir,what you think about sensex,will it make double bottom at 3100 Ramesh Shrichand Damani : It looks likely that we will test 3100. We may break it too. Prospects in equity look poor. manisha : Any chance of revival for HFCL and Global Tele? 6 Months, 1 year, 18 months, 2 years or more Ramesh Shrichand Damani : Prospects look poor for all these co's. Next year PAT could be poor. Damu : How much have you lost? Ramesh Shrichand Damani : Looks like you have got up from the wrong side of the bed? manisha : Sir do u have any idea about Unichem Laboratories Ramesh Shrichand Damani : One of my friends owns a lot of it. Results have been good. Sashin : Mr. Damani I am holding a quite good amount of shares of Satyam Infotech And Zee. What Do you suggest shd i do to these shares Ramesh Shrichand Damani : Satyam looks weak. Zee, wait for a strategic partner. I trade these shares from time to time. rakeshsikka : Should I invest in IFCI? Ramesh Shrichand Damani : Avoid it like the plague. The company is in serious trouble. raj : why is sterlite optical looking weak? i mean, Corning came out with great numbers and so should we expect steroptic to do well. but why is the stock crumbling Ramesh Shrichand Damani : Corning and Sterlite should not be compared. Corning is a tech company. Sterlite is a quasi-comm company. Both will have cyclical earnings. Damu : All the stock market Pundit's (like you) have failed!! Don't you think you should keep your mouth shut? Ramesh Shrichand Damani : As per your advise, I am. Not talking just typing! ITSmeSENSEXTWOTHOUSAND : What do you think of Pfizer .. give me some deep advice ? Ramesh Shrichand Damani : A dear friend of mine bought some. However I respectfully disagree with his decision. Great co's should have some intellectual property that they own. What does Pfizer Own. Market PE will be subdued. investor : do you think without speculative activity, there will be growth of stock market and how without volumes true share value can be determined. Ramesh Shrichand Damani : It wont be and that is the problem. The market is the barometer of confidence in the economy. Rajiv : Ramesh your no 1 pick in cement stocks going forward?? Ramesh Shrichand Damani : It would have to be Grasim. I bought some Shree Cement for trading. It will be sold so values may be better. Superkino : LIC will give a bigger jolt to a FM than what UTI has given now to Mr. Sinha-What do u say? Ramesh Shrichand Damani : LIC is cash flush. Problems are at IFCI and other well known DFI's. Superkino : Why is the brokers' forum objecting to new and welcome changes effected by SEBI? Ramesh Shrichand Damani : That is incorrect. However we should have a consultative process. We all need a fair and free regulator. Tushar : hi, I JUST HEARD THE NEWS THAT MR. YASHWANT SINHA IS GOING TO RESIGN. Ramesh Shrichand Damani : Where did you hear that. He is under pressure. hellohi : Should we invest in equity funds or index funds? Ramesh Shrichand Damani : Index funds at the current time. During a bull market switch to equity. Tushar : Mr. Sinha's rein is over. I think we dont have a Finance Minister now. Whom do u think will be the Finance Minister now, as the charge is very crucial sir. Please please answer Ramesh Shrichand Damani : That is for the PM and NDA to decide. I hope Chidambaram would join the NDA. clile : Wondering when the market will turn around. I invested most of my savings in mutual funds and have lost half my money. The worst timing ever- when the market was peaking :( Ramesh Shrichand Damani : Sorry to hear about it.A market fall like this is devastating. Avoid daily tips and invest in some good growth stocks only. rajaone : Sir, the market is doing business with BADLA for the last 125 years - why the people in higher places want to change it. Just they think it is being misused by a few. Just because some policemen are not sincere we just can't ignore all of them. Is it right sir, Ramesh Shrichand Damani : I agree with you. If a banker is crooked we don't close banking as a concept. I cannot understand Delhi's logic. Rishi : Ramesh...Which one do you suggest among the agro based industry stocks Ramesh Shrichand Damani : I like Monsanto the best. I own some ALIAS : Your photo on CNBC looks very handsome. Your very close friend bought Pfizer. How close is he ? ;-) Ramesh Shrichand Damani : Thanks. It was by a 75 your oldfriend. Wise but I disagree on this one. Superkino : Brokers need VOLUMES and thus encourage day trading activities, which is not good for the health of the markets. The ban is justified - do u agree? Ramesh Shrichand Damani : I agree. Brokers need volumes. But the country needs a capital market. If volumes go down to say Rs 1000 cr a day, FII money for instance will dry up. How do you grow then? We need FDI. Take a look at China. gajendra : I have one question abt the market. It seems that there is no strenght in the market. satyam is 145. what will happen in the future? Ramesh Shrichand Damani : That is true. We will expect technical rallies. Unless Delhi, has a vision we are all going to suffer. It is as bad as it gets in Dalal Street. RamyaManoj : Hello Sir. After the drubbing received by all the Computer Education companies., does anyone of the stocks, viz., NIIT, SSI or Aptech looks good to you.. Particularly SSI considering that they are into short term courses and therefore the chances of being hit by the lower enrolments is minimum ( because short term courses are 2-3 months long and costs only Rs.5000-8000 ) Ramesh Shrichand Damani : Education companies have been a disaster. I would buy NIIT at some time in the future. The other two are goingto have to rectify there Balance sheets. They are in big trouble. Superkino : How much SEBI, MFs or Brokers forum has SPENT in to till date, to educate the investing class on pros and cons of trading in particular and equity investments in general? Your views please... Ramesh Shrichand Damani : They have all spent some money. However poeple get carried away. Very few people have the discipline to see the big picture. I would suggest a lot of reading. ajay : sir, i have shares of DSQ software and my average is around 135 of it having 250 shares. Pl. advise me what i do sell it or hold it? Ramesh Shrichand Damani : I would sell it. aadmi : aam aadmi ka suno sir, century textile ke baare me bataavo Ramesh Shrichand Damani : They are struggling. Stock will trade at yield. They were built for the licence Raj, not free markets. rajaone : Sir, Why can't SEBI have a Broker in their Board to make them understand well how the exchanges function in their day-to-day rather than SEBI has a Member in Exchange Board Ramesh Shrichand Damani : That is one of the suggestions. However it is not going to happen. RamyaManoj : Thanks for your view on NIIT.. etc. But I have a view here. NIITs software business is so brittle ( they are into system Integration in a big way ) and in Education they have been consistently losing market share to SSI. Will you still go for NIIT considering that SSI has very strong presence in short-term courses and their software division seems to be doing well particularly because of the advantages accruing from the acquisition of Albion Orion of US.. and also considering thier dominant position in securities space + relationship with Nasdaq..? Ramesh Shrichand Damani : SSI raised Rs 450 crores at a price of Rs 6500. Where has that money gone. NIIT has not diluted its equity. However both managements have not been great. They deserve a reprimand. parekh : Mr Damani, how long do you think will the market remain in a trading zone? Ramesh Shrichand Damani : It is impossible to predict those things. Just keep watching and waithing. jaibhagwan : should i invest in idbi equity Ramesh Shrichand Damani : No. rajaone : Sir, Why the so called people with wisdom in Delhi want to kill a system (Badla) which has served the purpose for more than a century without an alternative system equal to that? Ramesh Shrichand Damani : Beats me. Especially with no alternative. vikram : can u give u r views on zee Ramesh Shrichand Damani : The only momentum stock that will survive. Superkino : If you have to look at charts and predict a bottom for the sensex, what number you will assign? Ramesh Shrichand Damani : This is just a guess, but unless sops come from Delhi we could test 2800-3100 region. sidd : Dear sir, do u feel with common settlement across exchanges we need two exchanges? Ramesh Shrichand Damani : No. That means trouble for all the other exchanges. vikram : should i invest in hfcl right now Ramesh Shrichand Damani : I would not. Thanks for joining. See you next week. Suresh : What are the major reasons that contributed to the growth of RPL's margins (asking on behalf of hometrade.com) Ramesh Shrichand Damani : Sorry, have not looked at the results closely yet. | |