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THE CHAT ROOMS
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'Fear of Ayodhya is exaggerated''The market will recover. My advice would be to stay invested and look for bargains,' says Ramesh Shrichand Damani.
damanifan : GOOD AFTERNOON SIR... HIN TMT HAS BEEN HIT DOWN BADLY... SHOULD WE SELL OR HOLD.... baracuda : baracudasays indian hotel has been a much neglected scrip do you expect the tourism ind to pick up after october2002 since the worst is behind us Ramesh S Damani : It is cheap. It's a good stock to hold. I still own it. Tourism is not picking up. kartik : do u think e serve is a better bet than bfl? Ramesh S Damani : E-serve has better management in my opinion. I own it. amrita : hello ramesh, my portfoilo is largely it enabled:eserve, hinduja, geometric, bfl and tata telecom in equal proportions what is your advise Ramesh S Damani : You are a lucky person. Congrats. Your portfolio is doing well. Why have you decided to have only IT Enabled ? shalini : hi, lot of talk on karur vysya.how does it look from here Ramesh S Damani : Looks okay if it is bought out. wiz : sci valuations at 120 your views on the stock Ramesh S Damani : More like Rs 85. basu : WHAT IS GOING ON IN THE MARKET? WHY ALL IT ENABLED AND SECOND RUNG STOCKS FALLEN MUCH TO DAY eg tvselect/compudyne? Ramesh S Damani : Market is experiencing a correction. IT Enabled looks good. harip : HI Damani, How are you? What happens tech ( product as well as IT_enabled) in case of drastic turnaround in US economy? I expect tech will outperform IT-Enabled sector? What do u feel? Consulting business may flourish and companies like Aztec may become multibaggers.Please answer. Ramesh S Damani : It could. However rates are currently under pressure. Market cap of tech companies are enormous compared to IT enabled. khs : Hello Sir,What about HCL Info . Almost all It enable shares are traded around 15-20 PE ratio. What can be the future for this share ? Ramesh S Damani : Technically it looks like a good bet. arahaman : Dear Ramesh everybody is bullish on SBI when Indian econmy is not so good. What is the reason? Ramesh S Damani : Its market cap is the same as it was in 94. Profits have quadrupled. KetanAdmirer : damani, could you please give me at what prices should I enter your favorite stocks - odyssey, max, e-serve, compudyne, tvs electronics and gati corpn. Ramesh S Damani : Max at Rs 95-105. Gati at current rates. HitenM : Do you like the recent CNBC value picks- Bata, Fortune Infomatics. Could u suggest a couple of new names that are undervalued and underowned? Ramesh S Damani : Bata has been a great disappointment over the years. I don't have a great opinion of its fortunes. investor : i have always seen geomeric falling once the market starts falling but e - serve does not though e - serve had good run up - any specific reason Ramesh S Damani : Volumes are much higher in Geometric. This makes it volatile. anandbhatt : Hello SIr,How are you?You made a great call about Max India at 90.I bought it at 95 even after it going up 40% in 2 days.Now should I sell off at current price and reenter at lower levels as its just gone up from 60 to 120 in just a week. Do you see a correction to 90 again? Pls advise. Ramesh S Damani : It could happen. It's an investment- quality shares with interest in IT-enabled, insurance and medicine. Management is excellent. I can't really advise on how to trade it. That's your call. baracuda : baracuda asks dear rd yu seem to avoid answering on beml bel and concor and hpcl any thing wrong or should we add in this correction Ramesh S Damani : I like and still own all these shares. kumarswamy : sir my portfoliois satyam, cummins,hughes tele,syndicate bank, crisl,zee,sterlite optic,kale.please adviceme ???. shall i shift satyam to geometric or hinduja tmt??? please advice me, Ramesh S Damani : It's hard to offer specific portfolio advice. If you are looking for ideas keep cruising this coloumn. KetanAdmirer : how much downside the market still has from this level and at what stage one can enter into your favorite stocks. Ramesh S Damani : Market seems sluggish. However, it should recover in short order. baracuda : baracuda asys yu have been advocating it enabeled and psus and abull market yu were on star news on sunday but the fiis are still not looking at these shares do you think they will ever bite and when? Ramesh S Damani : They have bought shares like HP, E-serve and Geometric. Good stocks don't care who owns them. investor : I HAVE HEARD PEOPLES RECOMMENDING MC. DOWELL AND ODYSEE AT CURRENT RATES - YOUR TAKE Ramesh S Damani : Mc dowell is a safer bet. I own some. sm-investor : Are u aware of the Max India's management forcast that the company will not be able to generate profits for the next few years? then why do u find it attractive? Do u think it's another HTMT in the making on the bourses? Ramesh S Damani : The insurance business takes time to mature. IT Enabled is profitable. The company is worth in my estimation around Rs 700-750 crores. Yet market cap was only Rs 230 crores. Good for long-term accounts. Joy : Sir Please advice my earlier question on compudyne.I bought it at 61 at your advice.Should I Hold?and What should be the entry price of Blue Star Ramesh S Damani : Company will take time to mature. You could book some profits. ascp : Rameshji ,I have asked three Q ,no answer , PL say about CRISIL, KARUR vaysa ,ICICI? Ramesh S Damani : I like Crisil and Karur Vysya Bank. ravi : how about rolta,it operates in CAD/CAM/GIS.its net profit for last 12 months is 120 crores, better than those companies you recommend. Ramesh S Damani : Management is not the most favoured. raman : what are you currently bullish and invested in? Ramesh S Damani : I recntly bought some Tata Infotech around Rs 170 levels. smallinvestor : Isnt taxing dividend is double taxation, as dividend is nothing but a share of profit of a investor (partner), ur views Ramesh S Damani : It is. Very short sighted move by North Block. mohan123 : Hai! Damaniji in IT-Enabled sector Rs 100 range which scrip is better. Yesterday i bought MAX INDIA 1000 shares at 121 is good bet . Ramesh S Damani : over a period of time yes. kumarswamy : why tata infotech??? Ramesh S Damani : It's fairly cheap. Management is making a foray into IT enabled. Market cap basis is cheap. SILVERINVESTOR : ANY IDEA ABOUT CURRENT DEAL OF MOSCHIP WITH FLEXTRONICS & ESS TECH? Ramesh S Damani : Not ready yet. Old news. I also bought some Mcmillan Industries. It is a good investment with interest in publishingand IT enabled. Closed around Rs 300 today. khs : Dear Sir, Please advise for Bel , Beml, Concor. Since Disinvestment in this stocks are not in near future, should we Hold it or can we add at the current level? What can be the proper levels to enter again in this shares? Ramesh S Damani : I would hold these shares.You can't predict disinvestment timing. They are doing well. I hold all these shares. smallinvestor : also, sir we have a very small population covered under insurance, giving a tax break was a great way on encouraging more insurance, isnt removing it and as also 5% ST is a poor idea Ramesh S Damani : A very bad idea. sm-investor : On CNBC i heard that market is going down now-a-days because of year end considerations? Can u tell me what are these considerations? Ramesh S Damani : People squaring off trades are booking losses perhaps. I don't agree with this though. Market was selling due to some weakness. einvestor : Rameshji, are u bullish on media shares? what is ur view on crest communications? please answer. Ramesh S Damani : Media will be an important sector. However it is not ready yet. investor : U HAVE RECOMMENDED eSCORTS - I HAVE SEEN THE DETAILED ANALYSIS - IT IS IN MANY BUSINESS AND HAS GOT A ites DIVISION TOO BU NAME eSCOSOF tECHNOLOGIES - WITH 150 PERSONS - CURRENT VALUATION IS ESTIMATED 136 WITH ONE YEAR TARGET rS. 175. - YOUR VIEW Ramesh S Damani : Escorts is a trading call. Around Rs 50. It did not have much risk. hehhai : Would u recomend buying BPCL or HPCL now Ramesh S Damani : I like both of them. einvestor : rameshji, its difficult to get you on this chat,!!! if i be lucky!! tell me your view on media shares like crest communications, Sab tv? Ramesh S Damani : Media is still nascent. It will take time. sunny : daminiji tell me which is the best buy at current levels Ramesh S Damani : For long-term accounts. I would try Mcmcillan India. Long-term. ritesh : we are seeing broad based rally than this bull market will be stock specific then sector specific Ramesh S Damani : It will be sector specific. smallinvestor : any ideas on how can we control Black money economy, any thing which government can do? Ramesh S Damani : Yes. Crack down on corruption and clean up IT department. Tax payers bill of rights. It is not going to happen. Our leaders don't have the guts. They will sock the small guy. It really worries me. sagar : mr damani, please let me know why global tele is not moving up inspite of it having it enabled servive and 1500 seats as mentioned by mr tirodkar in interview during sometime nov2001? is the stock worth buying at this level? Ramesh S Damani : Investors still remember getting burned with this stock. May be that is why. sm-investor : are u sure that HCL Info is entering IT-enabled services? Ramesh S Damani : I am not. Technically it looks good on the charts. aks : sir, what about PNB IPO Ramesh S Damani : Not inclined towards it. Management botched up PNB gilts. Any management that issues shares at PE of Re 1 doesn't respect his equity. basu : I BOUGHT TVS ELECT @ 80/-. shall i hold or shall i book loss? please i am seeking your sincere opinion. Ramesh S Damani : I can't comment on individual movements. It is a quality company with good prospects. Anand : Any Take on CMC At Current Rates? Ramesh S Damani : Looks good at current rates. baracuda : baracuda asks did yu read the write up on macmillan on my iris? long term bet ? Ramesh S Damani : No. I will do it though. sunny : sir is hsbc a good buy for a period of 6 mths Ramesh S Damani : HSBC ? What's the full name? ayan : DO you recommend Tata Infotec as a Investment call or just trading call? Ramesh S Damani : At the current time it is a trading call. Mcmillan is an investment call. smallinvestor : If I'm right, trading call mean purchase a share wait for 8-10 days if it performs book profit or exit, is it right Ramesh S Damani : It is for poeple looking to get in and out. ritesh : IT enabled is a low entry barrier so competition can easily come up and affect the margin, what are your views? Ramesh S Damani : Yes. That is why you should buy leadership companies. They will attract business. Hero : What do you feel is a good stock to buy. After listening to your suggestion I am alreWhat do you feel is a good stock to buy. After listening to your suggestion I am already in loss... Please help meady in loss... Please help me Ramesh S Damani : What are you at a loss about? Explain. kimdurai : Dear Damani,In the longterm perspective, what do the Big Scrips like RIL , Telco etcpronmise for the investors. They do not appreciate and the only income comes from only Dividends. Ramesh S Damani : Businesses go up and down. Heavy vehicles sales are down. Petro chem is sluggish. Look for industry with growth, profit and excitement. investor : long term bet menas upto 1 year for mcmilan - what price do u see Ramesh S Damani : Long-term means business has sound fundamentals and hopefully investors can keep it for a few years. Hero : RPL ypu asked me to sell at 28.20 and it grew to 32.00. Noew I plan to buy Infosys what should I do Ramesh S Damani : I can't predict price movements, only offer opinions. sm-investor : Do u think Mcmillan India has enough liquidity? Ramesh S Damani : No. It is ill-liquid. That is why I am suggesting it is good for the patient investor. hetal : How many hours per day you study the stock market? OR you just suggest on the fly? Ramesh S Damani : What do you think? sm-investor : Do u still own Hinduja TMT and Geometric Software? Are they still looking good at current prices Mr. Damani? Ramesh S Damani : Yes. They are going to consolidate. naidu : Good evening Sir,Please tell me about IDBI, Bank of Baroda, Centurion Bank, MTNL, VSNL. I hold some. Ramesh S Damani : MTNL and VSNL look okay to me. hetal : Mr Damani.. My question was ...are your suggestions based on some study OR you just predict by stars and moons? Ramesh S Damani : What do you think? smallinvestor : sir is HCL tech a co-promoter in E-serve or any other connection Ramesh S Damani : No. investor : hetal i feel u have yet to study mr. damani or u are not matured enogh for stock market - your view mr. damani Ramesh S Damani : Thanks. I am not a believer in stars and astrology. Good fun for time pass. Not to put your money. Sahil : What should I do with BEL, ICICI & IPCL Prof RameshSir? Ramesh S Damani : I like BEL in your portfolio. Joy : Dear Hetal, I got money from Mr. Damanjis advice. I would visit Bejan Daruwala otherwise. Ramesh S Damani : Thanks joy. That is witty! ayan : Mr. Damani I think your popularity base is growing rapidly as lot more people are joing here now with some very amusing questions and comments. I think every one should know that Stock market is very serous business and one should not joke about it or chances are of big time screw ups of one's capital... Ramesh S Damani : You can joke. But don't put your money on those jokes. Investing is a serious business. einvestor : RAMESHJI,SSI and NIIT, what would be the time phrame for them to enter IT enabled services? are u bullish on them? Ramesh S Damani : I have not heard about them getting into IT enabled. priya : Damani Sir, please tell me few good scrips? Your suggestion has made 100% for me. pls pls pls Ramesh S Damani : Thanks Priya. I recommended Tata Infotec for trading around Rs 172. Mcmillan for long-term investing around Rs 305. abcd : rAMESHJI, pL. ANSWER,rAMESH JI, PL. aNSWER, tELL ME ABOUT SATYAM AT CURRENT PRICE. Ramesh S Damani : Until infy makes Q3 results I think the large caps don't offer much opportunity. atul : SHUD I BUY HPCL AND BPCL. YOUR FRANK OPINION SIR Ramesh S Damani : I would buy it because I believe foreign bid will come at a good prices for these co's. I still own them. basu : DAMANI SIR you are really doing well and lot of persons were benefitted. so please ignore some ealier idiotic question. please keep do well. thanyou sir Ramesh S Damani : No problem. It is all a part of the appeal of a chat show. MADHURIDICKSHIT : ur admired investor, jim rogers says, ultimately countries with conflicts disintegrate. do u think after gujarat, 200 mn muslims in india wud want that and what does it hold for india's and therefore stockmarkets future Ramesh S Damani : It's an excellent question. It perpelexes me. If we loose our secular character, this country is doomed. Let's hope politicians can rise above vote bank politics. That and the deficit are the two big problems we face. Anand kumar : Sir in A recent interview to star plus u and sanjay told that the some PSU stock are 80% below fair value & post divestement we can see a big run these stock....... So who will lead the rally?please reply.............. Ramesh S Damani : I think HP and BP will get a good bid. This will energise the market. Ultimately government finances indicate a high probability of quick and aggressive divestment. abcd : SIR, Please tell something about South Indian bank. Ramesh S Damani : Don't follow it. atul : I HAD GONE THRU YOUR REPLY REGARDING INVESTMENT IN INDIA AS SECULAR STATE. THE FACT IS ALSO THAT INDONESIA AND MALAYSIA ARE MUSLIM STATE BUT STILL FRAWS MORE INVESTMENT THAN INDIA. SO WHATS WRONG IF INDIA BECOMES HINDU STATE. Ramesh S Damani : Once we become Hindu, they will segreagate Maharashtrians, Tamilians, Andhraites and Bengalis. Soon we would have 15 countries in India as we did prior to 1947. sm-investor : can you tell us about the timings and days of yr radio appearances sir? Ramesh S Damani : Tuesday and Thursday on 107.1 FM around 9:00 AM. Thanks all for joining. Let's see you next week. Bye. | |