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THE CHAT ROOMS
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'China is a manufacturing threat''India's competitive advantage over other Asian countries will last for some time. We should be okay as long as the government helps,' says Ramesh Shrichand Damani.
kay : ramesh bhai, WHAT ARE THE QUALITIES THAT YOU LOOK FOR IN THIS YEAR'S UNION BUDGET? WHAT ACCORDING TO YOU SHOULD BE THERE? JChan : results of BEL will not be extraordinary this quarter, but it will move up because of order book position Ramesh S Damani : BEL best results are in the 4th Qtr. Company is doing well investor : Good Afternoon Rameshji, Let me tell u onething your recommendations are excellent, no 2nd thought. Ramesh S Damani : Thanks for the kind words.Sometimes we get lucky. alok : do you think Hinduja TMT is buy even at current prices? Ramesh S Damani : Long-term prospects are promising. Abhijit : Ramesh, in this budget can we expect some firm disinvestment plans.Which companies do you feel could feature on the list. Ramesh S Damani : Container Corp and BEML look like good possibilities Kajol : Ramesh dada I alwasy buy on ur recs and make lots of money I want to give u a treat dear I love u? Ramesh S Damani : Thanks. Your best wishes are a treat. nimish : Rameshbhai, what is your take on HFCL? Ramesh S Damani : Not bullish on it. investor : last week u recommended Hinduja. Something special. It was at circuit yesterday and was not bad today as well. We should hold it till what price. Ramesh S Damani : I like its prospects. Script is beginning to attract attention. murthy : murthy- Do yourecommend to buy rpl at RSs9 Ramesh S Damani : I dont like petrochemicals alok : anything you bought over last week? Ramesh S Damani : I bought some BEML. I added to my old position actually Abhijit : With TV 18s results today, you see promising growth next couple of quarters?? Ramesh S Damani : Results seem poor. No growth still. silverinvestor : They predict that FII will pump in 5000 Crore What's your view? How it will effect the sensex? Ramesh S Damani : That's about $1 Billion. It would be positive for the Sensex. JChan : What do u say about CRISIL, at current price of 195 Ramesh S Damani : I own some. A good bet. Abhijit : Is Mindteck still looking good to you. How is it doing?? Ramesh S Damani : Looks okay to me. alok : did you like something abt Moser Baer results? the company has even revised its guidance upwards! Ramesh S Damani : The results were encouraging. I have yet to see a detailed analysis of it. murthy : I have 2000 shares Essar gujarat purchased at the rate of Rs50.What should i do now Ramesh S Damani : I am not bullish on it. Abhijit : We could have a rally in PSU stocks sometime before budget while tech takes a beating? Ramesh S Damani : Yes and old economy. Kajol : What price target Rameshdada for BEL BEML HInduja TMT & SCI pls? Ramesh S Damani : They could all double and then some over one year. silverinvestor : Today again CRISIL's volumes were to the tune of 97000 on NSE.You think some institutions have rerated the share? Ramesh S Damani : Results were encouraging. It looks good value alok : which sector is yr favourite in old economy? Ramesh S Damani : Cement looks okay. 2 wheelers are doing well. Kalyanaraman : 1-just when it looked like a plesant comeback of bulls,infy etc..have fallen ..is increasing the profits of infy,wipro,ruled out or some possbility is there ?2-with our fiscal situation being terribly bad,do we also go the argentina way or the situation is not that bad ?3-between futures and badla.which one will you vote for ? Ramesh S Damani : 1) Infy is sending a warning to tech sector. 2) We are not as bad as Argentina. Not yet. 3) Time to put badla back and look to the futures. Badla is over. investor : Rameshji, your call for the week Ramesh S Damani : Old economy will do better than new economy. alok : which is yr favourite pick in cement and auto at current prices? Ramesh S Damani : I like ACC, Grasim and L&T in cement. investor : what about geometric software Ramesh S Damani : Good for long-term. It has had a good run and needs to rest. murthy : I have styam.Recommend to sell /hold/buy Ramesh S Damani : I would book some profits. silverinvestor : Will you please arrange these in decending order @ cuurent mkt price(best at the top)Geometric,E-Serve,Infotech Enter,BFL Software.You may add to the list Ramesh S Damani : Eserve, Geoemetric, Infotech, BFL over a period of 1-2 years. investor : I have made some quick losses in the past , tell me one script to convert into gain Ramesh S Damani : No short cuts in the market. alok : ramesh ji, how many stocks do you have in yr portfolio at one time and how do you follow them? Ramesh S Damani : 10 stocks will make up 80 per cent of the value. I may have as many as 50-75 stocks. fexar : what do u say about the future prospects of henkel spic? Ramesh S Damani : Not follwoing it recently. rajat : how do you rate apollo hospital? Secondly is it a good time to reenter with an index fund Ramesh S Damani : I like Apollo. Stocks may do better than index funds over the next 3-4 months. My hunch. alok : why do you dislike BFL, while it has reputed multinational promoters and a dynamic leadership of Jerry Rao? they have given a positive outlook for near future? Ramesh S Damani : I dont dislike it. It's a matter of preference. bizz : how do u predict the share price Ramesh S Damani : Educated guesses. investor : do you recommend to buy geometric at current price, thoughi bought at 367/- or should i wait Ramesh S Damani : Wait till Q3 results are out of the way. Abhijit : Engineers India-you have any idea on performance, disinvestment? Likely to give a dividend? Ramesh S Damani : Yes a good co. Could be divested soon. girishk : Rameshji what do say abt Silverline Ramesh S Damani : Avoidable. Sanjay : Rameshbhai, which sectors would you expect to be given a boost in the Union Budget? Could IT, FMCG be singled out for good treatment by the Finance Minister? Ramesh S Damani : It's too early to say. He seems to focus on agriculture. investor : Your favourite stock in old economy Ramesh S Damani : Bharat Electronics. kimdurai : Dear DAMANI,I HAVE RELIANCE(100), SUN PHARMA(150), sind(50), dsq(50) PURCHASED 18 MONTHS BACK .WHAT IS YOUR ADVISE. SELL ,HOLD ? Ramesh S Damani : I would sell DSQ. What is SIND? vvsnrao : Rameshji, Mr. Pramod Mahajan has announced just now about the 2002-03 budjet date. Will it have impact on the Share market. Now can I invest in new shares Ramesh S Damani : I have not read the announcement. roshan : what's ur view on IT sector Ramesh S Damani : IT will cool down. IT Enabled will grow gautam : Rameshji How r Moser Baear results Ramesh S Damani : Look promising. anshuman : hello. how do you see it players coping with heavy margin pressures if they enter into bpo etc? Ramesh S Damani : It would be a problem for firms like INFY. They will go through JVs. However look for pure plays. Low margins, but stable business Abhay : these regulating bodies such as SEBI make investigations without any results but give them publicity. Dont you think this harms investment environment? Ramesh S Damani : It is a trifle disappointing. kimdurai : deAR dAMANI THANKS FOR THE ANSWER. SIND IS SILVERLINE. Ramesh S Damani : Avoid Sind. gautam : How about Himduja tMT Ramesh S Damani : Looks okay. gautam : Is mphasis, Geometric in IT enabled ?? services Ramesh S Damani : Yes. analyst : how bullish are u about BPO? Ramesh S Damani : Very bullish. It will be in our future. Mehul : People are telling Infosys will give a bonus in March, what do you feel ? Ramesh S Damani : Not until outlook improves for tech. mathew : Mr.Damani, what is the medium-term prospect on Infosys? Ramesh S Damani : Infy is going to realise that a growth stock without growth gets clobbered. They have lost their way. roshan : in IT enabled which companies do you like ? Ramesh S Damani : Check the transcripts. I have said them many times. rajat : Rolta's results are good. so why is its price depressed Ramesh S Damani : Lack of management fancy. hi : what about hdfc secutirty to by shares online Ramesh S Damani : I have not used the service. Ayan Shah : Rameshji, Do you suggest exiting out of IBP around 480 levels and switching to Mcdowell for more percentage gain?? Ramesh S Damani : I would wait for divestment. Could get a great price. SauravJalan : Dear Mr Damani.. I am a Commerce student and want to pursue a career in Mkt Analysis .Can you advice how to proceed. Ramesh S Damani : Start reading a lot and learn to think for yourself. Gayatri : Hi Ramesh, What's your opinion about the new listed index fund, Nifty BeES Ramesh S Damani : It is a very exciting product. Keep an eye on it. anshuman : so, now that you are bullis on bpo, does this mean that software services will drive growth of the main indian software exporters. isnt the potential enormous even in indian companies providing software services to global giants Ramesh S Damani : Has any one attended the IT Enabled conference in Bangalore. Give us a review. alok : Dear Mr. Damani, Anirudh Sethi says that tmt stocks are going to be subdued till 28 Jan, and after that they will be in favour again! Do you think it's going to happen? Ramesh S Damani : It's hard to predict dates. osama : , how can one use the nifty BEES for arbitrage & how can it be done Ramesh S Damani : Use it as a proxy for the market. Buy spot and sell futures. anshuman : india could be the world's backoffice but do you see no real competition coming in from other asian countries or is it just that we are a bit ahead? Ramesh S Damani : India has a huge competitive advantage. As long as the govt helps, we should be okay. alok : in the IT enabled seminar it was projected that IT-enabled services in India are projected to grow at a decent rate of over 70 per annum for the next 4-5 years! i think this was the crux of what was said in the seminar! Ramesh S Damani : That would be great news for the sector. harip : Hi ramesh, I have been observing you for a long time. You are doing pretty good job. Please keep up the good work. Also can u throw some light on Amara Raja Batteris?Thanks Ramesh S Damani : Thanks for your kind words.I don't follow Amara Raja. anshuman : are you not disappointed with lack of mergers by indian it giants. i mean even at current rates, infy and wipro have got market caps which humble those of sapient. what's the way ahead for mergers by indian it giants? Ramesh S Damani : Yes. However look how we treat people trying to buy stakes Eg VST. We should encourage mergers. We discourage them. Maulik : hello sir, there have been a lot of unanswered questions on rel petro, please answer one Ramesh S Damani : Rel Petro is an expensive stock in terms of market cap. Good values are available. kimdurai : How do you rate Infy q3 results? How doe you expect Wipro to perform? Ramesh S Damani : Dissappointing in terms of outlook.INFY must grow or it will becomea mediocore co, Bull : Hello Mr Damani, How do you see the market in the coming days in light of the fading of the war clouds. Also, how do you think the budget this year will be - progressive or populist. Ramesh S Damani : It will have a huge fiscal deficit. Not 5.1 as projected.That would be negative. mahesh : hi sir to repeat my question do you think pharma stocks like Dr.reddy is a good buy and what is the direction pharma stocks will take in the next six months Ramesh S Damani : Dr Reddy should do well over the next few month. No great trends are visible at the time in pharma. anshuman : with software services getting so commoditised, in the long-run, do you think there can be a chance that infy or other firms become the offshore arms of giants like ibm, sapient or other global majors. Ramesh S Damani : It could happen. However Infy is still to richly capitalised for that to happen. Rambo : Rameshji is it woth switching from main it to It enabled services co ?? Ramesh S Damani : I would do it. IT Enabled has the future sun : do you like kale and what do you advise Ramesh S Damani : I am keeping an eye on it. Malayhirani : can any FII can take a controlling stake in any Indian bank ! if yes which bank they can invest because i have one proposal from A investment hloding company Ramesh S Damani : I dont think current regulations allow that. They can take a minority stake only. Ganesh : Sir, Iam planning to invest in VSNL. Do you think privatisation of VSNL will have any impact on the price. Ramesh S Damani : This is a tough call. I own some VSNL and am optimistic on its prospects post disinvestment AJAY : RPL SO MANY TIMES I HAVE REPLIED THAT IF WAR RPL GOES DOWN IF NO WAR THEN UPIDE UPTO 50 Ramesh S Damani : I am not that bullish on it. It is an expensive stock at currentmarket cap. Petro chem is nota hot sector. alok : do you think kale consultants is worth investing at current prices of Rs. 56? Ramesh S Damani : I am keeping an eye on it. Let's see what our research shows up. Ayan Shah : Which major stocks in your portfolio you just hold and doesn't go for trading at current prises???just a couple of names pls.... Ramesh S Damani : I have held EServe and BEL forsome time. kopparapun@rediffmail.com : Dear Rameshji,How long do you think India can sustain its advantage in software, with the chinese making quick inroads in software development. Ramesh S Damani : I think our advantage will last for some time. China is a manufacturing threat at this point. Atul : Other than e-serve which other listed IT enabled companies are worth an investment? Ramesh S Damani : Take a look at Geometric or Hinduja TMT. I own both of them. kimdurai : WE JOINED THE CHAT LATE. cAN YOU PLS NAME A FEW IT ENABLED COS WHICH YOU SAY HAVE BRIGHT FUTURE? Ramesh S Damani : Check transcripts of previous shows. | |