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THE CHAT ROOMS
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'PSU stocks should lead the market higher''All PSU stocks should be listed before divestment. That would electrify the market,' says Ramesh Shrichand Damani. Abhimanyu : Ramesh Sir, Are you there for chatting? Ramesh S Damani : Hello everyone. Thanks for joining. Let's start. sanjay : I had bought some shares of TELCO at 136 level ,it moved very volatile today shoud i book profit or hold.what level u feel is good for booking profit Ramesh S Damani : Indica sales are doing well. However in the long-term, Telco still has troubles. kalyanraman : out of just academic interest---though american systems are in general better than india's (example--GMAT vs CAT etc...) ,badla is one product,which i feel,is superior to american futures etc....i think,futures,options and cash markets are unnecessary splitting of markets and badla,which combines all is a much better product..am i missing some point ? Ramesh S Damani : The global trend is to split cash/future market. Stock futures are a good replacement. dhirgps : sir ur views on AZTEC SOFT,MROTEC Ramesh S Damani : I believe Aztec is going to grow slowly. MRO-tek does not inspire confidence. sdd : , Whether steel industry can expect any sop are protection from govt.in the scenerio where countries like US is trying to protect their steel sector by imposing high custom duty & antidumping duty.what do u expect from union budget2002-03 for steel ind. Ramesh S Damani : I have not heard of any such protection. astuteinvestor : how do see the market from here ramesh? till budget and after it? Ramesh S Damani : PSU stocks should lead the market higher. vivek : vivek says i am a doc who today have taken time out to chat with you. How do you rate hpcl, beml concor and bel Ramesh S Damani : Thanks for taking some time out. They all look good over 1-2 year perspective. sdd : Mr. damani please rate the sectors u feel best for investments. PSUs,Banks,IT ,IT Enabled ,Pharma india ,Pharma MNC ,Auto 2-wheeler ,Auto Heavy ,Cement Ramesh S Damani : IT-enabled and PSU stocks at the current time. ayan : DO you see indogulf is worth investing at current prise? Also your view on reliance Capital ? Ramesh S Damani : It looks good on a chart. scb : sir, at what price should i purches beml? Ramesh S Damani : Around current rates. sdd : HOW U RATE HINDUJA TMT,IS IT A GOOD BUY AT 154 SEEING BOP BUSINESS Ramesh S Damani : They are doing well. I own it and remain bullish on it. tariq : do u think teh budget will have the same impact on stock mrkt this time like it did last year? Ramesh S Damani : No. Everyone is going to be quiet. AnandB : Sir, I missed the current PSU rally. Is it safe to enter these at current levels for short term appreciation before the budget.If so can you can you please name some stocks. Ramesh S Damani : Hi Anand. Play them for 1-2 years. Like Concor, BEL etc. Shanta : Hello Ramesh! What is approx price at which BEML could be disinvested. My avg purchase price is Rs. 32 Ramesh S Damani : Its book value is Rs 150 plus. Its strategic assets could be worth more. sdd : WHAT IS YR VIEW ON TATA TELECOM Ramesh S Damani : They will do well thanks to Tata's getting VSNL. vivek : vivek says yu should come for a holiday in goa can mail me at vivek tigershark@yahoo .com the investor ccom here would love to hear from yu.can arrange a get together Ramesh S Damani : Thanks for the offer. May take it up. sdd : I HAD BEEN TOLD TO BUY UTI BANK ,IS IT A GOOD BUY Ramesh S Damani : Not to impressed with its parents. NRI_INV : how is J & K , Federal & karur Vysa bank rameshji Ramesh S Damani : I own Karur. It looks good to me. Very cheap. Good takeover candidate. NRI_INV : how is blue star info r they into IT-enabled ?? Ramesh S Damani : They are just getting into that area. sdd : Mr.Ramesh i remember once u liked IFCI what is yr view with some movements these days Ramesh S Damani : I have never conscioulsy recommended the stock. If you have it, sell it. scb : Thank you sir pl.comment on mcdowell Ramesh S Damani : Disappointed after what they did with UB. Still it is cheap. rits : at this stage, what do you think is the next most required step to be taken by the government? are you happy with the progress on divestment so far? Ramesh S Damani : Yes. All PSU stocks before divestment should be listed. It would electrify the market. priya : Remeshji, how is Subex,Mukta at this level? please tell good buy at this market. Ramesh S Damani : Subex is going to have a better year. Mukta I am not sure. sdd : market expects that govt.may relax FDI norms ( for direct ownership by foreigner from present 20%)in banking what u expect Ramesh S Damani : Could happen. deep : sir, your comments about your expectations from budget 2002-03 please.. Ramesh S Damani : Figure for divestment will be much looked for. Shanta : You have any idea if Engineers India may also be disinvested this year or the next and what is its approx value when disinvested?? Ramesh S Damani : It could pay a dividend of Rs 25. Could get a price of Rs 250. Ganesh : Ramesh, Is it worth buying Bank of India at Rs.23 for medium to long term? Ramesh S Damani : I prefer SBI. kalyanaraman : do you agree that our economy is in a big mess...if yes,other than disinvestments,what steps do you think ,will make us come out of the mess ,if at all we can come out of the mess Ramesh S Damani : Government expenditure is large and revenue collection is poor. Corruption now needs to be tackled. kumar : hello ramesh - happiest man in market Ramesh S Damani : Happiness is a state of mind. I am happy with the call. Yes. That was gratifying. AnandB : Sir,Nice chatting with youThanks for the recomendationsCan you name a few IT anabled stocks at current levels Ramesh S Damani : The last I have recommended was Hinduja TMT. sdd : rAMESH WHAT FARE PRICE SHOULD BE OF HPCL & BPCL BEFORE DIVESTMENT FINALLY HIT Ramesh S Damani : I can't answer that question. Too many variables. ayan : Damaniji Siemens has gained over 20% in last week and has once even got above its buyback prise of 250 rs.with EPS around 25 rs for this year and with ABB quating at around 18 P/E..How you see future of Siemens?? Ramesh S Damani : Both look good to me. Siemens counter looks good. Shanta : Ramesh, thanks for your comments on the investors camp which I saw on CNBC. It was valuable to me Ramesh S Damani : Thanks for the complement. I am happy to help. Any other comments? silverinvestor : What is your research telling on KALE CONSULTANTS? Ramesh S Damani : I am trying to get an appointment with them. Can't give a firm view. chekri : Dear Mr. Damani, How is that you are ahead of all other analysts by giving prior information about solid stocks. For example Hinduja TMT. On taking stock you have told the stock is good and it soared the other day. Ramesh S Damani : Sometimes you get lucky. Sometimes investors listen and buy on your recommendation. priya : Remshji, which are your good buys? pls. YOu have not answer my question Sir? Ramesh S Damani : I recently bought some Hinduja TMT. Buy some PSU Stocks. Buy E-serve. It has run up though. AnandB : Sir,Thanks.Also do you think one should buy of SCI at Rs 51 or wait for a correction Ramesh S Damani : /It won't go down too much. Divestment is 3 months away. Shanta : You still feel that in the near term even big players like Infosys and Satyam will not reward investors due to lack of visibility? What did Bill Gates say? I missed that. Ramesh S Damani : He said tech is slowing down for the year. PRANAB : At present level should I buy Bajaj Auto or Hero honda?Which one will be better? Ramesh S Damani : I would think Hero Honda. Omani : In e-serv and hinduja which is better ramesh sir Ramesh S Damani : E-serve may be better. But it has had a good run. TMT is a better trading bet. sanjay : mr.damani ,please give yr views on tisco Ramesh S Damani : Not bullish at this time. kumar : how is crisil, it may go to 800??? Ramesh S Damani : It could. It is a franchise. dbg : Damaniji, One stock Penta Communication is having Bookvalue of more than 500 and eps of around Rs.30. Market Price is around Rs. 25. Isn't it available dam cheap. Ramesh S Damani : Be careful with these numbers. You must appreciate them like art. It doesn't seem cheap to me. abcd : Mr. DAMANI, WOULD U RECOMMEND INDIAN HOTELS AT AROUND 155 ? Ramesh S Damani : Yes. I own some. You have to be patient in it. smallinvestor : sir, can u give me a idea as when a company issues a bonus issue. Ramesh S Damani : When the prices go higher. It's the same as dividing a pizza in 8 instead of 4. However, investors like it. kumar : then i have sold beml @ 35 & concor @ 283, when i can enter once again??? Ramesh S Damani : At current rates. Wiz : Mr.Damani,what do u think about GAIL Ramesh S Damani : Hold it. However, it is unlikely to be divested soon. silverinvestor : It seems this is the year of the TATAS. TCS is planning to go public this year. Other group cos Tata Infotech & Tata Elxsi are also in restructuring mode. Tata Elxsi is predicting 100% growth. Mr Bhandari spoke about merger & aqusitions in Nascom meet. Shoud they not restructure these 3 cos and then come out with public issue? Ramesh S Damani : Have you seen the transcript of that. I would like to read it. extinctnick : which are the indian pharma companies u recommend after wonderful run by three top indian pharma companies Ramesh S Damani : I still own and like Dr Reddy. abcd : MR. DAMANI, WOULD U RECOMMEND INVESTING IN BHEL ? Ramesh S Damani : I have not bought any. kavita : dearsir do you think that sci would be divested below book value of rs 78 as on 31.3.2001 Ramesh S Damani : I think it will be done above book. kumar : dear ramesh iam hold siliverline & dsq soft @330 from one year , please i request your suggestion please??????? Ramesh S Damani : AVOIDABLE. smallinvestor : sir, do u know shashikantji dammani another broker, he is my relative? Ramesh S Damani : I have heard of him. kavita : Dear Sir Thanks for your reply on sci kindly advise about rel petro and tata finance Ramesh S Damani : Not bullish on either of the two. kamlesh_MOSt : Rameshji i'm haveing apollo hospital shares bought at 116.50. Should i hold it? Ramesh S Damani : Yes, I own it. smallinvestor : u have been always recomnending some IT enabled, can u give me a price range at which these to be bought so as to be reasonably safe, like geometric, e-serve, mphasis, infotech etc. Ramesh S Damani : They have had a large run already. nithinisback : which is ur favourite soft drink Ramesh S Damani : Diet coke. zooby : Mr Ramesh, can u plz suggest one company each pharma , soft ware, media and heavy industires for share purchase Ramesh S Damani : I own pharma- Dr Reddys. Software- E-serve. investor1 : According to you what is a fair prise of tata tea considering Tately brand and possible revival of tea prises?? Ramesh S Damani : Around Rs 165 is a good price. Yathiraj : Your presentation in PUNE through CNBC - was excellent. Ramesh S Damani : Thanks. I enjoyed making it. smallinvestor : Last time in CNBC u recommended ABB, whats so exciting in ABB, what targets u have in mind? Ramesh S Damani : They have Rs 100 per share cash. I think no debt. Good prospects. Looks okay to me. I own some. Solo : Rameshji seems to be enjoying complements a lot...whoever talks abt his CNBC prgramme gets a imd reply..but I had been asking abt Mascon notg so far...rameshji so bad abt u Ramesh S Damani : Sorry. I just don't follow Mascon. kavita : dear ramesh thanks for your reply it is always a treat to watch you on CNBC because of your frank and accurate views. Ramesh S Damani : Thanks again. I love the complements I am getting today. nirmal : Mr Damani, Now the sensex is rising Up without the Tech stocks, do you see that if tech sector will also join the rally then it may touch 4000 or so before Budget. What is your openion.. Ramesh S Damani : Tech still seems in trouble to me. Market only pays for growth. smallinvestor : I'm hearing a lot about ur CNBC appearance, will it be possible for u to inform us in the chat ur next appearance so that we do not miss it?, by the way when ur appearing next Ramesh S Damani : It was a one off appearance at Pune 10 days ago. apyadav : I have bought IPCL and Nalco at current price is it ok ? Ramesh S Damani : Yes. abcd : Mr. DAMANI, PLEASE ADVISE IF I COULD GET DECENT RETURNS ON ARVIND MILLS AT Rs 12 ? Ramesh S Damani : I have not looked at Arvind for many years. abcd : Mr. DAMANI, WOULD I GET DECENT RETURNS ON IDBI BANK AT Rs 20 ? Ramesh S Damani : You could. I am just afraid of parents interference. Kamlesh : Sir, What about Compudyne and Alstom Power? Can we invest at the Current levels?? Ramesh S Damani : I have small quantities of both. Trying to understand them. kumar : what shall i do with siliverline & dsq soft, please suggest to shift any other script, so that i can get @ 300???? Ramesh S Damani : Check the transcripts. apyadav : what about CONCOR . I bought at 240 and BPCL at 237 Ramesh S Damani : Keep them. rajeshgarg_bpl : dear Sir, Name 3 stocks which according to u will definitely move high. Ramesh S Damani : No such guarantees exist in the stock market. silverinvestor : I dream that if I had 4500 petrol pumps & if I come up with new design(something like Macdonald).new courtious management,newre filling pumps,adjoining small shopping area,etc etc How much my petrol pumps will fetch if I sell the whole lot to a multinational? Ramesh S Damani : Yes. But BPCL market cap is high. They need to expand margins post APM. That would be a bonanzo. However, that is still two years away. smallinvestor : tell me somethins about Karur Vysya bank, why it is worth investing at current levels? Ramesh S Damani : Rumours of being sold to a bigger bank. It's cheap. RamyaMenon : hello sir.. good evening... last week ,i was asking you about SSI , their domain expertise etc.... however, you seemed to be unimpressed about the company. However, I was the company announcing an order win of USD 20 million from Wyoming state in US. Obviously, getting an order for 20 million certainly proves that the company has the wherewithal to survive these tuff times and ofcourse to do better when things improve. I had bought SSI shares at 500+ sometime back. Considering the apparent improvement in fundamentals, would you recommend averaging of SSI at current levels ? Ramesh S Damani : They will clearly get some orders. What happened to their NASdaq collaboration? Where has the GDR money of 400 crores been used. I am not comfortble in SSI. My opinion. rajeshgarg_bpl : Is Beml going to be divested? Ramesh S Damani : I think so. Thanks all for joining. See you next week. Bye. | |