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THE CHAT ROOMS
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'The worst is over''I think the market has made its bottom and better days are ahead. It is time to re-enter the equity markets,' says Ramesh Shrichand Damani.Rajiv : Ramesh, I would greatly appreciate your current views on 2 companies: Bharat Electronics (its expected performance) and eserve intl (will it do ok in the light of the us slowdown)?? Ramesh Damani : BEl should have a good year again. End the year with a EPS of Rs 25. E-serve is expected to earn about Rs 8-10 crore or an EPS of Rs 7.5 plus.I own and recommend both the stocks. Rajiv : I missed thachance to enter UB at Rs 65 Is quarterly performance expected to be good? Ramesh Damani : The company is inviting a minority partner at a good valuation.The business is still not very profitable. MOHNAKP : UNCLE ie. ANY BUYING THESE LEVELS NICHOLAS Ramesh Damani : i am not a great fan of pharma. MOHNAKP : DEAR UNCLE I loss lot of money in PENTAMEDIA. At present level (25) buying for purpose of averaging is good or avoid this idea Ramesh Damani : I would avoid it. kitty : wat do you think is the nav of us-64. any guesses there? Ramesh Damani : My sense is that it would be between 6-7. asd : sinha has ruled out rate cuts and amnesty schemes. wat are the other alternatives that can be done to boost the economy? Ramesh Damani : Stop the witch hunt going on. That would help. Start massive disinvestment and check corruption. kruts : today it did look like the Sensex would touch 3000..but not now..when do you think we can reach that level, Mr Damani? Ramesh Damani : I think market has made its bottom and better days are ahead .The long bear phase is all but over. It is time to reenter equity markets. devika : despite good results, why is infosys not doing that well? tech stocks seem to be fading... Ramesh Damani : It has a good rebound. Went from 2200 to 3000. The worst is behind it. mansih : dear sir,should i go for glenmark & acc Ramesh Damani : I like ACC. avinash : mr damani.pertaining to last chat Samual Hutington has written a thesis "The Clash of civilisation & remaking of world order" which deals on the subject of fundamentalism which may lead to a clash between civilisation of America, Europe, China, Russia, India; Muslim contries. You pl read this. It is very informative in current Afghanistan crisis Ramesh Damani : Thanks. I have seen a little about him. I will read up. By the way go to sunday-times.co.uk and read a diary of a terrorist. I'ts chilling deepa : what do u think of HLL results? is hll a good investment? Ramesh Damani : HLL does better in a bearish market. In a bullish market, better bets are available. reddy : do you thnk TCS will ever go public? its been talking abt it for a longggg time .... Ramesh Damani : I think they arepreparing for it. kra : which banking company is best investment now? Ramesh Damani : HDFC Bank at Rs 220. Nilesh : Rameshbhai, I have some Reliance Industries shares with me.. Would this be the right time to sell them? Ramesh Damani : I would book some profits in Reliance. manish : sir tell wherther HDFC or SBI is better for ATM facility. Ramesh Damani : I am an analyst not an ATM expert. omkar : there are few multinational pharma which i have watching. Wyeth Lederle,Burrougs Wellcome,Aventis Pharma, any idea? Ramesh Damani : Wyeth is good. I like Abbott, but they have been hit by DPCO. Indian pahrma seems to be raking the big bucks. Kalyanaraman : hdfc bank,took over,times bank with huge NPAs,knowingly,which casts a shadow on the management...further,hdfc bank is goofing up like anything,in its statement of a/c...i ,received,a statement of a/c yesterday,which shows some balance,which is totally incorrect,compared to what their computer at the branch shows..atleast a few customers have received funny statements like me..they now and then goof up,even in critical information like bank balance..do you still feel,hdfc bank,deserves a PE of 20 ?(of course ,i conceed that they are better than all other indian banks but no match for foriegn banks such as standard chartered) Ramesh Damani : I hope these are teething problems.They should be sorted out. Finace business has to grow in India. HDFC bank is best situated to capitlaise on it. sachin : mr. damani , where do u see HLL in next four trading sessions Ramesh Damani : It is hard to guess that. My sense is it will remain in a trading zone of Rs 220-235. ansii77 : what are the best buys in the current market Ramesh Damani : We seem to be in a new bull market. In a bullmarket prices go higher. Hence I would expect most stocks to participate. ansii77 : Could you please give me some picks Ramesh Damani : I just bought some McDowell at Rs 32-25 range shishodia : what are your views on the future price of zee telefilms ? Ramesh Damani : Mr Goel is unlikely to sell his stake easily. Without new managementt and capital, the stock is going to languish. anand : i have heard that you are a voracious reader. Which subject you like? i have a good collection of books with me. let me know so i can send you some books. Ramesh Damani : That is very kind of you. Which books are you recommending? I may have read them. If not I will let you know. Thanks again. yogesh : I have 1000 Vikas WSP so please suggest me what to do? Ramesh Damani : I would sell it. Ram : Sir whats about investing in Telcom sector like Himachal Futuristic? Ramesh Damani : Avoidable. shishodia : how would goel's selling his stake help the script Ramesh Damani : New management with better ideas. Goel has loaned too much money and maybe distracted. Kalyanaraman : sikkim govt.is not paying salaries to govt staff and more state govts are in a similar situation...do you think,our govt can easily get over this problem by further huge borrowings ?can we print as many currency notes as we want,to pay salaries ?is there any world bank restriction ?is higher and higher fiscal deficit is really bad for us also ? (because one economist of icici bank has argued in economic times that every one benefits by huge borrowings of govt..do you agree ? Ramesh Damani : Not really if it creates a deficit. My point is that UTI, IDBI is now discounted by the market. India is too big to fail. A crisis will force changes which is good for the markets. Worst seems over hopefully. ansii77 : What is your target for McDowell Ramesh Damani : No target. Good value. Downside is limited. Rajesh : how is ATLS COrparation/ Tata power Ramesh Damani : Both are good bets at the current time. shishodia : sir i am holding around 20,000 shares odd dr reddy's...should i hold on further or partly sell them ? Ramesh Damani : Congrats on your holding and investment. I would hold them expecially in the context of a new bull market. anand : there is whole lot of collection. you only pl let me know your interest (other than stock market) Ramesh Damani : Mainly biographies, politics and the like. kailash : Damani Saab! Is there any long range scope in Software Ind. related shares? Ramesh Damani : Yes. India has a digital destiny. StockMarketKaBaap : sir, i just want to know how safe is online trading on net and it here to sat ??? Ramesh Damani : I think it is safe with a major. It will take time but it will be big. JP : Sir, Should I hold shares of Polaris Software and if yes then any target perriod ? Ramesh Damani : I think all software stocks have made a bottom. Downside is limited to the 52-week low. ashokreddy : sir what abt the petro sector ,lot of good companies seenms to be available at a P/E ratios,can we buy them in this situation Ramesh Damani : Look at BP from a disinvestment point. sathishk : I have 500 vsnl, should sell or buy some more Ramesh Damani : I would hold it. Disinvestment by December in it. ashokreddy : morgan stanley was saying that itc after the merger can go upto 930 level i purchased at 500levels ,should i book profits or hold Ramesh Damani : I would hold it. It seems ready to move higher. abcd : IS LARSEN & TOUBRO A BETTER BET ? OR IS BHEL A BETTER SHARE AT THEIR CURRENT RESPECTIVE PRICES ? Ramesh Damani : Larsen is safer. Bhel is difficult to disinvest. atulgaur : sir, what do u advise on blue dart Ramesh Damani : Hold it. Take a look at GATI. I own both. StockMarketKaBaap : Sir, why the mutual funds in india is not successful when they so-called experts wtih them ??? is UTI everywhere ??? Ramesh Damani : They have performed poorly. UTI should link pay to performance. You cannot pay someone Rs 20,000 to run Rs 5000 crores. MOHAN123 : Uncle I Loss lot of money in PENTAMEDIA & VIKAS WSP . At present levels ( 25,6 respectively)buying for averaging is a good or avoid this idea Ramesh Damani : Avoid it. dilip : Is mastek, visual soft worth buying?. if so what appreciation can I expect in 6 months? Ramesh Damani : I would take a try on VisualSoft. Rak : Ramesh, Your view on Moser & BEL Ramesh Damani : I prefer BEL. Moser is a good company, but i don't like the hardware business. sashi : sir what do you advise on visual soft technologies Ramesh Damani : AT Rs 70, hold on to it. atulgaur : WHAT DO U ADVISE FOR BLUE DART & BILT Ramesh Damani : Keep Blue Dart. Vishwas : Do you see possibility of tech (ice) stock bouncing back in near future Ramesh Damani : It has started. uday : Ramesh, your views on WIPRO Ramesh Damani : i think infy and wipro will be two torch bearers for technology sector. I expect it to do well over the next two years. sharekhan : Is ESAB india and Saint Gobain Good candidates for open offer ??? Ramesh Damani : I have not heard about it. hitesh : what do you think about holding infosys shares ? Ramesh Damani : The worst is over. ashokreddy : would the administered price mechannism have a +ve impact on the oil sector or would it be situation where we wait and watch Ramesh Damani : I think positive. StockMarketKaBaap : Sir, is BioTech the wave of future ???which scrip you suggest ??? Ramesh Damani : Not many listed. At the current time, try Panacea Biotech sujit : ranbaxy over 700 is good or not Ramesh Damani : I would hold it. goverdhan : IDear Ramesh I have asked you on Triveni Pool share will go up or not? Ramesh Damani : I do not follow it. Sorry. atulgaur : how do u rate prospects of paper industry viz. TNPL & BILT Ramesh Damani : Decent. rajeev : Rameshji,how citycorp doing/target of Mcdowl. Ramesh Damani : They will do well. Turnover of Rs 160-170 crores. McDowell seems a stock with low downside and lots of upside. tiptip : rameshji..bataeiii aftek kya karna hai...kafi paisa laga hua hai PLEASE Ramesh Damani : I am not bullish on it. haresh : i wanted to learn the basics of the stock market before entering it pls guide Ramesh Damani : Read one up on wall street by Peter Lynch. Ram : Sir, looking at the present global political scenario, how do you feel that we are at the begining of a bullish market? Ramesh Damani : That is what is funny about markets. Bull markets always climb a wall of worry. No free ride. It's risky, sure, but potential of gains is there. abcd : WHAT DO U ADVISE FOR TELCO ? Ramesh Damani : Results will be bad. However a turnaround seems on the cards. jeetudaklia : dear sir. what is your opinion about tata tea in long turn Ramesh Damani : Great value buy. Looks good at Rs 125-130 levels. I own some and would like to buy some more. anand : as per todays chat it seems that we are in a new bull phase? sure? Ramesh Damani : Not sure, but hopeful. haresh : any seminar which helps us understand that stock market better Ramesh Damani : They keep happening. Try BSE Info Dept. ramkuma : what will be future of IDBI SHARE. CAN I PURCHASE AT THIS PRICE SAY RS.16. Ramesh Damani : Avoid it at the current time. sharekhan : I am holding 1000 cyberspace @Rs700 what to do ??? Ramesh Damani : Sorry. It has no value left. me : RameashJi what is ur view of Rel.Petro at current levels?? Ramesh Damani : Bit too expensive for me. Kumar : I have Infosys, Satyam, Wipro & Zee on hand. Upto what maximum level can I hold these stocks? Ramesh Damani : Worry about downside. Not upsides. kamal : shall i sell us-64 Ramesh Damani : Yes. ramkuma : WHAT ARE THE SHARES YOUR SUGGEST FR THE CURRENT BUY LIST Ramesh Damani : I last bought Mcdowell. Thanks every one. See you allnext week. Bye. | |