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THE CHAT ROOMS
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'Market has become sector specific''Market seems a little sluggish. Leadership will be in IT-enabled and PSU Stocks,' says Ramesh Shrichand Damani.
sk : hi ramesh, what has happened to markets. It seem su have sold today heavily, thats why the market has drifted down so much manish : hi rameshji iam very scared what is going on in the market.i have purchased 300 shares of subex system @161 now it is continuous falling down.now u suggest me what should i do now. Ramesh Damani : Company is doing well. I would hold it. baracuda : baracuda goodevening rd rahul singh of eserve in a recent interview said the comp will grow at acompounded annual growth rate of more than 20% and in 3 years time 20% of revenue will come from third party and as the competion grows margins will be under pressure are you still confident that esevrve will have a market cap of arround 3000crs by 2005 Ramesh Damani : I have not read the interview. Please tell me where it is so that I can read it. Thanks. Lohit : ROLTA is liked by some active people on the street . It will do an EPS of Rs.30 plus this year !!. Your views please , sir ??? . Ramesh Damani : I am not particularly fond of it. baracuda : baracuda says dear rd you have now acheived some greatness in the market but with greatness comes greater respnsibility Ramesh Damani : I would like to be a good stock picker. Markets are always fickle. Conqueror : My portfolio is largely PSUs and IT-enabled Ramesh Damani : You must be celebrating. shortfuse : I have purchased compudyne shares 300@51, 500 @ 62 and 600 @69.Your advice please.... Ramesh Damani : I booked some profit in Compudyne. Lohit : If SATYaM guides 20% plus and makes BPO announcements -- will the counter break out ?????? . Ramesh Damani : At current market caps, it is not very exciting. Look for pure IT-enabled plays. ayan : Rameshji Do you see still weakness in frontline stocks Infosys, Satyam and wipro?? Ramesh Damani : Market only pays for growth. If they can't grow, they will fall. BASANT : Is Concor another IBP in the making? Ramesh Damani : It is possible. They have a great franchise. However, it is not on the divestment list yet. tripathi : what do u think of bharat electronics. just today they have posted their highest ever sales turnover Ramesh Damani : I am bullish on it. BASANT : What is the outlook on HTMT? Alliance has got 5% of its portfolio into it in Feb? Ramesh Damani : i am bullish on it Joy : Good afternoon Rameshji. At this point are there any PSU or banking stock you would advice me to buy?what about Eicher motors and SKF bearing,they are doing well. Ramesh Damani : Eicher I understand is doing well. I still like and own BEL, Concor and BEML. Anand k : Sir in your last chat u have talked little about HIPPA .....What is that ? & which Co. is entering into that business? Ramesh Damani : HIPAA stands for Health Insurance Portabality and Accounting Act. It will bring big business. I am still collecting a list of companies on it. ayan : Mr. Damani It seems like first wave of IT-enabled stock prise rise is over as now lot of people have started talking about it..When do you think next big move in prise will take place? Ramesh Damani : The industry will have a turnoverof 6-8 Billion by 2008 accordingto Mckinsey. All these stocks are at market caps of Rs 500 crores. Long way to go. tripathi : mr damani please give us your views on what your outlook in the market in the near term is. Also please tell us about your views on revival...Lot of people have asked this question. Kindly answer. Ramesh Damani : Market has become stock and sector specific. We continue to believe that leadership is in IT-Enabled and PSU stocks. Lohit : Ramesh bhai , there is a rumour that when physical settlement of FNO starts , the bear cartel operators here in Calcutta will get active again . You have heard anything ?? . Ramesh Damani : No. BASANT : Thanx for the answers. The Mc - kinsey report talks about a level of US $ 17 to 18 billion. Am I wrong. correct me if you could Ramesh Damani : That figure is too big. The industrywont grow that fast. Things likeGujarat etc will prevent that. silverinvestor : hope you know that Ultramarine & Pig is also in ITES & even posting profits on its BPO activities Ramesh Damani : No I don't. Can you tell what kind of ITES work they are doing and the revenues they get from it? arahaman : Is Max and Tata Infotech in HIPAA? Ramesh Damani : They are getting ready for it. Tata Infotech is. Max I am not sure. BASANT : Max ateev is that section of Max India doing well?or is the bullishness because of the stake of MAx in Hutchison etc? Ramesh Damani : It's a cheap stock. stoktok : Mr Damani, If satyam is taken over by EDS, what do u think will its PE multiple be? Ramesh Damani : It will explode if it happens. sensible chat : Dear Ramesh, two weeks ago u said Compudyne can grow really big. Do u think one shd buy around current levels as the scrip has undergone big correction? Ramesh Damani : Managemt sent a confusing notice to BSE. Its implications are unclear to me. The opportunity remains big. priya : Rameshji, please reply to my question? Give me few good scrips. How is Gillette, Germen Remedies, Subex & Kotak Mahindra Pls. Ramesh Damani : They are all good. I own some Gillette and trade in Subex. kalpesh : what is future of tata infotech & macmillan Ramesh Damani : I would book profit in Tata Infotech. I still like Mcmillan. th4tjh : You are a great fan of IT-enabled still no reccommendation of infotech Entp. I hold some amnd am bullish your opinion? Ramesh Damani : I plan on visiting them soon. Will let you know how I feel. sensible chat : have u heard of a NOIDA-based company IT&T doing some real great work in It-enabled services? Enam and Morgan are their investment advisors. Pls. let me know if u have studied or even heard abt this company's BPO work? Ramesh Damani : They are going into call centre. I beleive they have no current revenues but good plans. Keep an eye on it subodhgk : Sir,I own 650 Grasim @ 300 and 1700 Mcdowell @ 60. How do they look. I have some holding in Tata power at 125. How long should I hold Ramesh Damani : They should do okay. I also own all these shares in small quantity. mohan123 : Hai! Rameshji . All the analysts and brokers are recommend the E-serve Why ? E-serve is an future Infosys? At current level buying O K Ramesh Damani : E-serve is still a young stock. It would be improper to compare it to Infy. Let's see if management delivers. Sector holds lot of promise. ayan : Do you think that Max India market cap at current prise level is very much low ?? Ramesh Damani : It has had a good rise. However, future is good. Sheila : Ramesh, if PSU disinvestments go on consistently, can we have a bull market for next 3 years?? Ramesh Damani : I think so. Bull markets last 3-4 years historically. jas : Mr Damani: You had talked abt disinvestment as inevitable and thus justifying a PSU basket for investment. Why are you not advocating the same for MNC Pharmas with DPCO relaxation & WTO led patent laws also an inevitable event ? Ramesh Damani : That is still far away, say 2005. I like Dr Reddys. Indian pharma will do well. MNCs, we need to still wait. Sheila : Is HTMT reasonably priced now? Are results expected to be strong for quarter ended March2002? Ramesh Damani : They will be good. Next year we should see better then 50 per cent growth. ayan : When you said Book profit in Tata Infotech with a view that reentry if prises drop 10-15%... Ramesh Damani : No. It was a trading call only. Gitesh : Namaste. Sir what do you think is the Industry of the year, i.e. which Industry should do better this year. How do you rate Telco. Ramesh Damani : Telco should report bullish sales on Indica. We could see a trading rally. vijayr : Will SBI issue bonus shares in near future? It's long time pending, i feel. what's ur comment Ramesh Damani : I am bullish on it. Stock is undervalued. I own it. naidu : Respected SirWhat is your all on Shipping Corporation of India, Engineers India Ltd. I am bullish on it. What is your view Sir. Ramesh Damani : I like Engineers. SCI is quite high. ravindra : Hi Mr. Damani, Your views on Nath seeds, TVS Electronics & Punjab Communications Ramesh Damani : I recently added as a trading call some TVS Electronics. Results have been poor as expected. However next year should be far better. I would recommend an inital purchase. Ignore Nath seeds and Pun Comm. charliemunger : nOVARTIS , wYETH, aVENTIS, gLAXO, pFIZER have all posted good results. Do you still need any convincing??? Ramesh Damani : No., they are all doing well. However fear of privatisation is great. More excitment in domestic pharma. sensible chat : What abt Macmillan India, shd i hold the shares? I bought a few of them around 323 but unfortunately the scrip is not shwing much strength? Ramesh Damani : We have all forgotten the virtues of patience. If you want excitement, stock market is not the right place. stoktok : , Mr Damani.. Have u heard of a company called Fourth Generation Info systems? They are into IT-enabled and products business. What do u think its prospects are? Ramesh Damani : I have not. Are they listed? Any funda that you know? Sheila : Ramesh, please look at some electronic design companies-seems like a big area for the future, as stated in Eco Times?? Ramesh Damani : TVS Electronics, Tata Elxsi, Mos-chip are in the area. I own TVS. LGanguly : RAMESHBHAI , dont you think Stock Broker community should do something like going on a day long strike to protest the continuation of the tragedy in Gujrat ?? . After all you people may have some influence on this duffer -- Narendra Modi ? . Ramesh Damani : I doubt it. However I agree with your sentiments. It disturbs me a lot. bethavandu : Hi Ramesh,I feel stock trading is also becoming like an addiction.The working professionals trading in stock lose their focus in their profession. I am sure U should have come across some people like me.Can I have your views pls.? Ramesh Damani : Right. People take three weeks to buy an account. Yet they will plonk Rs 5 lakhs in the market on tips. Beats me. Making money is a serious business. jas : Have you compared MacMillan with Navneet..? Navneet looks much more undervalued to me ? IS there anything in Macmillan's business model to warrant the premium ? Ramesh Damani : Yes. They are moving aggressively into IT-enabled. This will bring dramatic growth to Mcmillan. stoktok : Fourth Gen has a capital of 12 crores. Makes around 1 crore net profit per quarter. Abt 4 crores per year. Debt free. Are into software products and IT-enabled (med transcription). Rs 2 paid up share quotes at Rs 0.7 Declared a dividend of 10% last year. A real steal i feel. Listed on BSE. What do u think Mr Damani? Ramesh Damani : Thanks. I will look at it. However it is in trade to trade. Be careful. sensible chat : would u please express yr opinion on Tips? This is the fourth time i'm asking. and just let me know if u don't follow it? Ramesh Damani : I would hold it. Market rumour suggests they will be bought out soon. LGanguly : This new TAX DEPT. notification to you all about Rs.20000 plus trades ?? . How will you all deal with it ? . Ramesh Damani : Lot more paper work. kotesh : Mr Damani i have been keep track of IDBI Bank . i have noticed a up trend what r ur comments on this Ramesh Damani : I don't follow it. ram : I feel day trading is a fraud on genuine investors and would like it to be banned. What is yr comment? Ramesh Damani : i believe in free markets. abhi : do you think that BEML could be divested by the govt. considering this is in the defence sector? Ramesh Damani : It could. It is not strategic. maheshkumar : Hello sir, what are the prospects of Aftek and Mphasis ? why these are being hammered nowadays ? Ramesh Damani : Aftek has a credibility problem. Mphasis has had a great run. moron : Do you know BEML's net margin is 1% os sales? Ramesh Damani : So was CMC. Wait till privatisation. That is the call my friend. behki : sir what do u feel about gati corp Ramesh Damani : I like it. It is a cheap stock. viresh : HINDUJA TMT WHAT DO U THINK Ramesh Damani : It looks good to me. ram : i keep observing any stock that goes up suddenly is based on some insider news known only to a few. it appears almost 90% of the share rises are due to insider trading. what is yr comment? Ramesh Damani : I disagree. Stocks go up on sustained change in fundamentals. Only short-term rises are due to insider trading. Infy went from Rs 30 crores to Rs 60,000 crores. How did insiders do anything? nitesh : What are the upper targests for CMC, Geometric Soft & hinduja Fin Ramesh Damani : It should take out its 2000 high of 850+. chellakris : Sir, I saw yout comments in taking stock last week. I was surprised to note your picking of PSU and IT-enabled stocks at the right time. How can you that ? I am very much willing to have a crash course with you ? Please advice Ramesh Damani : Tune in to the chat. Don't hold any classes. mohankul : sensible chat asked, would u please express yr opinion on Tips? This is the fourth time i'm asking. and just let me know if u don't follow it?Ramesh Damani answers, i would hold it. Market rumoursuggests they will be bought outsoon. Ramesh Damani : that is what I replied. I would hold it for now. sensible chat : pls. suggest one new trading or investment buy? That would make my day, Sir! Thank in anticipation! Pls. Reply! Ramesh Damani : I bought some TVS Electronics for a trading call. Results were poor but future looks better. rbansal : STILL WAITING FOR YOUR VIEWS.Sir whats your take on shipping sector and companies like GE Shipping and SCI? With current fall in rupee against dolar will these be beneficiaries?How do you look towards private sector bank specially banks like GTB? Ramesh Damani : Freight rates are headed lower. SCI is well priced. GE shipping is good for long- term investors. Thanks for joining. See you next week. Bye. | |