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THE CHAT ROOMS
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'Good stock pickers are having a field day''Individual stocks are moving up as shown by new highs. Breadth in the market is good,' says Ramesh Shrichand Damani. sunil : sir what do you think about vsnl it seems highly undervalued and given its cash reserves it shall always be a good dividend yield play also their controversial decison to invest in tata teleserv seems to ok from vsnl pt of view as it will give them break in nld segment pl give elaborate view Ramesh S Damani : Regarding VSNL, I want an accounting of how much World Com will cost them. That could be a big dampner. madhu : What is your view on Mcdowell now? Should we buy still on this price? Ramesh S Damani : Volumes are good and counter looks positive. I still own them and looks good. tianna : Sir kindly tell us your view on Leading edgeor trigyn tech. can i buy them at this rate? Ramesh S Damani : I am not particularly impressed with current management. shortfuse : Good evening rameshji..I am holding 2000 shares of HOCL @26. Can i hold them or sell? I value your advice..Thanks in advance Ramesh S Damani : I would sell HOCL. I doubt you would get a much higher bid than Rs 26-30 range. shortfuse : Is bringing in Jaswanth as FM a good move? Why Arun Shourie in your opinion has not been considered in this reshuffle? Is he an outsider in the eyes of BJP partymen? Ramesh S Damani : Jaswant is good. Shourie would have been better in the political pecking. Shourie is too junior. BPO : WHAT ARE YOUR VIEWS ON TATA HONEYWELL? Ramesh S Damani : I recently bought some. Looks good. IncorrigibleBull : Hi Ramesh,What's the reason for the beating ITES sector has taken today - expecially Geometric, Infotech Eterprises and E-Serve Ramesh S Damani : Geometric was way ahead of the results. E-serve was fine. bulbul : why polaris is not moving despite the fact it has become funds favorite after orbitech merger . can I-Flex be bought ? Ramesh S Damani : I think it will move up. Let's wait for Q1 results. i-flex, i would wait for major results to be out. BPO : WHY HAS THE CIRCUIT FILTER CHANGED TO 5% ON TATA HONEY AND GARWARE POLY? Ramesh S Damani : Largely arbitrary decision by authorties. abhi : I have recently bought Rashtriya Chemicals & Fertilizers and ITI. What are your views on these shares? Ramesh S Damani : They look a bit expensive. rakesh : Sir do you believe in investing in penny stocks Ramesh S Damani : Occasionally. However it is pretty hard. abhi : Sir, what do you say about TVS Electronic? Ramesh S Damani : Stock is still in correction. ritu : dear rd, can u tell me if hinduja tmt is worth buying considering they are in ITES and they have good cable assets Ramesh S Damani : It has had a great run from Rs 100-400. At Rs 400 it has a market cap of Rs 1600 crores. sk : U always say this is a stockpickers market - But the stocks we have picked are basically lacklustre and even volumes are quiet low. What u will recommend in such a situation Ramesh S Damani : Individual stocks are moving up as shown by new highs. Breadth is good. Good stock pickers are having a field day. IncorrigibleBull : Whats your outlook on HUGHES SOFTWARE ??? Ramesh S Damani : I am not sure what happened today. Does anyone have any news on it? rakesh : SIR, I have made profits in BEML and SCI becuase I picked them cheap. are RCF and Neyveli worth at current prizes? Ramesh S Damani : Not at current prices. ayanshah : Rameshji I have subscribed to Bharti tele IPO..(a Mistake) Now to cover up that 50% loss(at current prise of 34 rs.)which script you suggest to buy that can have gr8 potential as you said forget the mistakes made and try to recoup the gain again...... Ramesh S Damani : Good point. The long distance market seems challenging. I occasionally give new ideas here. So keep surfing. akshaya : Can we hold Goldian for some more time Ramesh S Damani : I would hold some. Company is doing well and e-bonus price should open higher. BPO : LAST COUPLE OF MONTHS YOU HAVE BEEN HAVING A BAD TIME WITH YOUR CALLS - IS IT ANYTHING TO DO WITH YOUR BEING A BORN BULL ?? Ramesh S Damani : Market tends to move in cycles and to measure performance day to day or Q to Q is misleading. It should be looked at over a bull market or bear market. anita : Sir give some recos for the month, last when i chatted with u mcdowell was 48 today it is 62 thnx i bought the stock Ramesh S Damani : I recently bought for some trading Tata Honeywell and Ultra Marine Pigments. Both are cheap stocks going into BPO area which i like. However they are illliquid, so be careful. They are not easy to trade. Ahmedabadguy : Well Sir usually you are not gr8 with oldies but keen watcher like you must be sensing some great turn arounds which even after some rise in them has very high potential ti rise and be multi baggers like HTMT or BEML/BEL ..Please discuss a few here... Ramesh S Damani : Thanks. In this bull market I have tried to find opportunities in BPO and PSU and some special situations like McDowell. I believe the engine of future growth will be BPO. This sector excites me. So I am staying focussed on this area. Kaalia : sir,Picing of stocks in Indian markets is driven more by feeling than valuation analysis ... in such a scenario does investment for long term make sense ? Ramesh S Damani : That is incorrect. In the long-run, market values companies like Lever and Infy correctly. jas : ramesh - himatsingka has moved up well on volumes. is it on expectation of good Q1 results ? i am a long term investor..just wanted to know why the sudden interest in the counter .. Ramesh S Damani : Q1 results are not expected to be great shakes. However company is good and at a good valuation. atyagi : Ramesh Bhai, The world is not limited to Mcdowells, e-serve, TVS only. Ramesh S Damani : It's hard to follow 6000 stocks. I can give an opinion only on the few I know well. anila : sir you have not replied on sterlite opticals pl comment for vsnl they will recover all dues from worldcom as it is different case not same as enron as worldcom has to maintain relationship with its client for surviving in the business Ramesh S Damani : I doubt that. World com is going to be sold in pieces soon. Creditors will recover only some money, not 100 cents. sk : Tata and Ultramarine both are at new highs everyday.At what prices u will recommend to buy and it is a trading call / investemnt call Ramesh S Damani : At the current time, a trading call. We buy and sell but are mostly long. Ahmedabadguy : Sir when do you see new Liqure policy will be announced?Also do you advise to keep macdowell in the trading stock range as escorts and Ashoklaylnd or just investment buy to be look only after hugh upswing????? Ramesh S Damani : That is very hard to say. I would like to hang on to Mcdowell. However I want to see management making positive changes. In the right time, (3-5 years) this has the potential of being a mini ITC. Its brands are valuable. bulbul : If BPO is your flavour why not you include VISUALSOFT in your portfolio? Ramesh S Damani : Management has no core strenghts. They move from products to services to BPO. What are their strengths? Joy : 3rd times .............frustrated Rameshji......Any Idea about SEAMEC(South East Asia Marine) open offer?Any small cap banks you like eg. Andhra/vijaya/syndicate/GTB bank?or Any finacial organisation? Ramesh S Damani : Market grapevine has it that open offer may not be required. jas : Ramesh - as a sector, i have invested a large percentage of my holdings in mid cap indian pharma - JB, Unichem, Torrent, Nicholas, Glenmark.. They are all cheap..and shd get re-rated.. Do you think this is a good strategy if I am willing to hold for a year ? Ramesh S Damani : Pharma is not my strong suit, but I agree Indian pharma is going to do well. Particularly scripts like Reddy which i own. Kaalia : Sir, what do you think of Apollo Hospitals and Max India in 2 year time frame ! Ramesh S Damani : I like them both in the time frame mentioned Kaalia : Dear Sir, Don't you feel that that Mc dowells pricing may be right but from long term perspective, the consumers will move over to wine and beer... this could leave mc dowells dry and HIGH Ramesh S Damani : India has 25 crores males below 20. That is a huge market. Also without advertising, how do you create a new brand. Alcohol and tobacco are recession proof business. Kaalia : Sir, Kindly respond to my Q on HFCL... ITs MArket Cap to Asset value makes it look undervalued... TRUE/ FALSE ? Ramesh S Damani : I am not impressed by it. Ahmedabadguy : Sir you always say TVSE is a good company to own as forget the past b'cause future is exiting and as stock is currently reacting..Which level you will be comfortable to make an entry in the stock? Ramesh S Damani : Counter needs to stabilise and management needs to share its vision. It will happen. However it might take a quarter or two. Kaalia : Sir, with infrastructure of the kind India has, do you foresee any infrastructure related stocks which will deliver despite changing governments and 5 year plans in a 5-7 year horizon ? Ramesh S Damani : Crisil might be the best in that area. They will rate everyone. I own a small amount. anila : sir i am trying to ask you about sterlite opticals since last three months and havent recd reply i am planning to stop coming to chat Ramesh S Damani : Sorry Anila. It's not a stock I am following closely. Hence no current advice. Kaalia : Sir, in terms of True analysis, what is the time lag between the broker identifying a stock and market getting to know the reasons for the valuation and joining the bandwagon and Why ? Ramesh S Damani : No one answer. Markets are not perfectly efficient. sk : Ultramrine was quoting at 57/- 0n 21/5 and tata honey was quoting `138 and almost both the socks have doubled since then - still u recommend entry in both at current prices / what prices u have went long on the script Ramesh S Damani : I bought Honeywell at today's prices. Ultra around Rs 75. These stocks are illliquid, so you are right. Be careful. Ahmedabadguy : Sir I read in news paper about Gati starting second cargo train after success of its first one and few more are in the planning..Also It will cover all the district head quaters of India by end of this year ..But why Mrs. Agarwal transfers around 14% of the equity in her parents name in March as mentioned in BSE announcement in MYIRIS...Does it mean something?? Ramesh S Damani : Mr and Mrs Agarwal are headed for a divorce. This is causing some angst. Management is in turmoil you could say. Ahmedabadguy : Sir you are keen watcher of the market cap story..In your openion what is the thumb rule in that regard to evaluate any company on the first glance?? Ramesh S Damani : Does the marekt cap make sense? A HFCL at Rs 25,000 crores market cap was expensive. A CMC at Rs 30 crores market cap was a steal akshaya : Sir, please advise Whether IT&T is good buy at RS 45 Ramesh S Damani : For long-term investors yes. However it requires patience. vijay : vijay's Conversation Red: Unanswered Q'sBlue: Answered Q's You asked, Ramesh, have have detail of india nippon electricals. they are doing very well. can we buy? Ramesh S Damani : No I don't. I will look it up vignesh : dear sir you meant to say that tvse can be bought after 2or 3 months. am i correctely understand or not? please tell me Ramesh S Damani : Looks like that. Let's wait for the results. Ahmedabadguy : well Sir if Gati Management is in turmoil and being family owned company what is your advise on the stock now?( Though this might be problem known to all by now) and does this already factored into the prise of Gati?? Ramesh S Damani : It is a risk factor. However as I say at the market cap of Rs 50 crores it is not expensive. aman : whether i should sell out telco Ramesh S Damani : Results should be good. Thanks for joining. Have a prosperous week. See you later. Bye. | |