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THE CHAT ROOMS
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'Sensex is ready to test 3800 points''I believe old economy stocks should do well after January 10. We will be the world's back office in IT-enabled services,' says Ramesh Shrichand Damani.
sunil : Do you think Reliance industrial infrastucture is a good stock? Consistantly they are giving more then 25% div. and EPS is also good. Vikram : Ramesh, we seem to have good days ahead!! Is eServe consolidating at these levels or would u rather wait for an entry. Ramesh S Damani : Wait till Q3 results are out. Vikram : I know you're not a great analyser of Pharma but if you saw a rally coming soon, which ones would u recommend?? Ramesh S Damani : Dr Reddy and Cipla are the best. Vikram : Ramesh, would you expect decent results from BEL, COCOR and McDowell as I would like to increase my holdings. Ramesh S Damani : BEL yes, McDowell not sure. All look good. Vikram : Most analysts say HHonda is cheap. Do you agree that it is a good investment for a year. Thanks Ramesh S Damani : Results were excellent. Company is doing well and so is the sector. Vikram : Ramesh Satyam has taken us by surprise. Is just touched 330 what do u feel?? Ramesh S Damani : On great volume. Let's wait for the results. shivkumar : is hotel industry is not a good field for short investment Ramesh S Damani : Tourism arrivals are down. However hotels are a good long-term bet. silverinvestor : Mr Damani,On Thursday Q3 results of CRISIL was declared.Now it has an annualised return of more than Rs 20/sh.I have invested in CRISIL @ Rs 112.After the results I have again started adding some more in my portfolio.Till yesterday there was not much buying interest in the script,but today trading volume on BSE was almost 5 lakh share.What do you see in increased volume but not much upside in share price?Am I doing the right thing? Ramesh S Damani : A block deal was done. No report yet on buyer/seller. silverinvestor : For a long term investor is E-SERVE,GEOMETRIC,INFOTECH ENTER still worth buying @ current prices? Ramesh S Damani : For all three I like them and own them. However, I would wait till Q3 results are out. They have had a good run. Rajat : I got conflicting reports on Moser Baer. Are they high quality management?? Good business model?? Ramesh S Damani : Hardware is not our strength in India. However, they are doing well. silverinvestor : Did you get a chance to study Q3 of CRISIL.Whats your view at current level? Ramesh S Damani : I have not seen the paper version of Crisil Q3 results. Rajat : L&T a good trading bet till end Feb?? Ramesh S Damani : I like cement shares. Anushreee : What abt Bharat Electronics & Bharat Earth Movers Rameshbhaiji? Ramesh S Damani : I like both of them. Anushreee : Ramesh bhai what abt Nevyel Lignite? Ramesh S Damani : No news on its disinvestment. Rajat : ITC has some cool sports Tshirts Ramesh at the WILLS outlets-you should try should check it out if not already!! Ramesh S Damani : Thanks. Anushreee : Where is the Sensex headed Ramesh? Ramesh S Damani : Ready to test 3800. ayan : Rameshji,, your comment on IPCL??Does its disinvestment will happen for sure now?at current prise of 56 can I add some more as my purchase is already around 85 rs.?? Ramesh S Damani : I have stopped following IPCL. Anushreee : Shud i buy Neyveli at Rs 11/ Rameshji? Ramesh S Damani : I am not recommending it. Rajat : From the 3 sectors you liked ITenabled., Logistics, Breweries we hope Logistics soon takes off. Anything new there you like in Logistics?? Ramesh S Damani : No. I have recently become favourable to cement. investor : Mr. Damani, do you follow Zensar Tech (earlier Fujitsu ICIM)? How is the company as a restructuring story. Is that worth investment at current prices? Ramesh S Damani : Someone who visited them said they are not doing well. Anushreee : Which stocks shud I purchase now Rameshbhai? Ramesh S Damani : Take a look at Hinduja TMT Rajat : Ramesh with the rally now being real, will Reliance and ABB put up a good show before index hits 4000? Ramesh S Damani : It's hard to say. Reliance should participate if the index goes to 4000 silverinvestor : How was Rich Dad, Poor Dad? Ramesh S Damani : Thanks so much for sending it to me. I have just started reading it. investor : Don't you think that E-serve yr favourite pick is underperforming the current tech rally? the stock has hardly moved over the past two weeks, while many of the frontrunner IT stocks like Satyam, Infy and HCL Tech have appreciated by over 40 percent? Ramesh S Damani : No. It's a mistake to watch prices that closely. Your stock should perform over a period of 2-3 years. Everything else is noise. I am happy with its performance. Anushreee : What does Hinduja TMT do Ramesh? Ramesh S Damani : IT-enabled. Interest in cable, cellular etc. Rajat : Ramesh did you like the new business model of Hinduja TMT? Is the call centre business attractive? Ramesh S Damani : The sector is doing well. TMT will be a serious player in thefield. They have a good collection of assets. Rajat : Any chance of BEL divestment?? Ramesh S Damani : BEML will be before BEL. BEL will take 3 years. However, it is doing well. Rajat : BEML looks good at current avluations?? Ramesh S Damani : It has no valuation. It is dirt cheap and out of fancy. investor : Do you find Geometric Software worth investment even at current prices? If yes, then what should be the target price? Ramesh S Damani : It is running ahead. I would wait till Q3 results are out. They will be good. However, too much interst at current time. smallinvestor : So, Rameshji which is ur latest reco, i must confess that i made good money in all ur recos, including Mcdowell and UB Ramesh S Damani : Thanks. I am very happy. Rajat : Is CONCOR disinvestment possible in this year?? Ramesh S Damani : I think so. Rajat : You like Rakesh J's idea on Tata Infomedia?? (seen on Capideasonline)! Ramesh S Damani : Has not performed. Rajat : You had a contrary view to Faber on commodities taking off. Is there some hope in commodity stocks and if so which ones, or which commodities? Ramesh S Damani : Steel looks bad. Tea is poor. Cement looks the best bet. ACC, Grasim, Madras Cements. Rajat : Any good book by Jim Rogers I may find at Crossword?? Ramesh S Damani : Only one. Investment Biker. investor : ramesh Bhai, what about investing in Global Tele at current prices? I think this company too has entered IT-enabled services? Ramesh S Damani : I am not happy with management. ayan : Rameshji after looking how CMC moved after the closer of open offer don't you think it is advisable to hold on to psu's if the grabber is a good company. Ramesh S Damani : Definitely. If margins improve in BPCL and CMC, they are goldmines. investor : Have you heard of a company called Compudyne Winfosystems? Is that worth investing at current prices? Ramesh S Damani : Not really. silverinvestor : Have you read Manias, panics & crashes by Kindlebergers,Psy of Stock Markets,Noise & The Alchemist? Ramesh S Damani : The first is a classic. I have not read the other two, ayan : You still own TATA tea??How you see current year compare to last one for The company??Any sign of revival in tea prises considerng some production cuts have happened?? Ramesh S Damani : A little bit. It is good value, but we will have to be patient. Rajat : Anything interesting happening at Odyssey Tech?? Ramesh S Damani : A pref offer is likely to take place. investor : what about TV18? Is that worth investment at current prices of Rs. 105? Ramesh S Damani : It's not ready yet. Rajat : Where can I buy shares of Iflex Ramesh S Damani : Wait for the IPO to come. No dates yet. smallinvestor : sir, i'm still waiting for ur latest reccomendation (reco) Ramesh S Damani : I bought some Hinduja TMT. Jit : Sir Kotak Finance has got 15% rise today. Please comment .any biotech like Jupitor/Bonanza/Genomics you like?? Ramesh S Damani : Try Panacea Biotec. Around 330. ssk : it is advisable to go for Bharti Tele IPO Ramesh S Damani : I am not enthusiastic about it. Rajat : Is management at Panacea strong? Ramesh S Damani : I have not meant that. They pay taxes and give good dividends. smallinvestor : It looks Auto sector is doing well, u have any share in mind which is still not touch by this rally , how is Munjal Showa Ramesh S Damani : I prefer two-wheelers. smallinvestor : What exactly Hinduja TMT do?, what is the EPS and at what price do u reccomend to enter Ramesh S Damani : EPS is still unclear. IT is good in mid 80's. Let's see Q3 results. silverinvestor : I have visited Mark Faber's site GLOOMBOOMDOOM ? Mr Damani I have heavly invested in CRISIL.May be I have tunned view.Do you see any negatives in it? Ramesh S Damani : Crisil is a great franchise.They are linked to infrastructure spending. That is still slow. Jit : Do you feel we will face any small war (like skirmishes) with Pak that will make a decline in the sensex in the coming future.I am eagerly waiting for taht anyway.And Sir any idea of HCL Infosystems.It has managed a large number of projects recently. Ramesh S Damani : I hope not. Let's grow our economies at 8-9 per cent and not spend on defense. smallinvestor : What exactly Hinduja TMT do?, Ramesh S Damani : IT-enabled or BPO segement. I believe this segment will be as important as software. We will be the world's back office. smallinvestor : so, pls recommend a dark horse in 2-wheeler or ancillary sector Ramesh S Damani : TVS Sundaram. Rajat : Cheers ramesh, have a good evening. Hope to see u on CNBC soon. Ramesh S Damani : Thanks. smallinvestor : Damaniji, ur ignoring sir, pls, i want to know ur outlook on VSNL? Ramesh S Damani : Looks good. The Rs 75 dividend is very attractive. investor : Mr. Damani, how do you see the market after Infy's results? do you see a big correction or one should remain investment if he has three-six months perspective? Ramesh S Damani : I would remain invested. smallinvestor : sir, any reasons for TVS sundaram or just a intution? Ramesh S Damani : Good earnings growth. fexar : what do u think about the investment in tips industries shares? Ramesh S Damani : It looks okay to me at current prices. I bought a small quantity. investor : Is it TVS motors or Sundaram Fasteners? make it clear pls. Ramesh S Damani : TVS Motors. smallinvestor : ok, and what about VSNL. last time u recommended Apollo hop and Tata telecom, any change on that account Ramesh S Damani : Still like them. ayan : You still recommend investing in Mcdowell?? Ramesh S Damani : Yes. investor : do you think BEL will be great beneficiary of the current budget as defence allocations are likely to be increased? Ramesh S Damani : Yes. They should. Madhushree : At what price Bharat Electronics I want to buy 10000 shares? Ramesh S Damani : At current market prices of Rs 85. sk : what about Prism cement? how it looks to you? Ramesh S Damani : Buy the large cap cement stocks at the current time smallinvestor : Thanku rameshji for ur valuable advice may i request u to pls do not miss this chat in future Ramesh S Damani : Thanks a lot. ssk : Rameshji, Still waiting, geometric - what do u feel Ramesh S Damani : Looks good as a company. Prices have risen too fast. Wait for a dull day. ssk : what do u feel , good in IT sector at current price and great bargain Ramesh S Damani : I am going to wait to see INFY guidance on Jan 10. That will set the trend. I beleive that old economy should do well after Jan 10. Jit : Sir any pharma stock you want to recommend??Prices are to much right now.do we discriminate between desi and MNC pharma or we will decide companywise? Ramesh S Damani : Desi and MNC are 2 segments. I don't follow pharma aggressively. ayan : well damaniji kindly suggest adding some scripts to my (mr. DAMANI's top 10)list of IBP and BEL??can be added tommorow?? Ramesh S Damani : Keep reading the transcripts. venkat : Hi, how r u? I am investing in the stock market for last 10 years, still i could not make out profit Ramesh S Damani : I am sorry to hear that. Sometimes people are unlucky ininvesting. Good luck for the future ssk : What about UB sir, it has risen too fast , should we hold or exit Ramesh S Damani : I would hold it. A strategic investor should be roped in by Jan/Feb. investor : apollo hospital has recently announced some restructuring plans? Does the scrip look good even after that? Ramesh S Damani : Yes it looks good. ayan : Damaniji I have been following your buy calls for long time now and should say that you have always wished best for the small investor on Rediff in guiding them.Congartulation on your good job and hope you will keep your efforts more in doing so??? Ramesh S Damani : Thanks for your kind words. ayan : So Mcdowell can be a new enterant in my list..Mr. Damani?? Ramesh S Damani : Sure, It looks good. pankaj : What about subex system at present levels, should i buy or wait for some correction Ramesh S Damani : I just sold some Subex. Thanks all for joining. See you next week. | |