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THE CHAT ROOMS
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Credit Policy may be a booster for the marketsRamesh Shrichand Damani feels that the RBI's monetary measures might boost the flagging economy and infuse some life into the moribund markets.
RajivH : Ramesh, congratulations on your picks. Market seems to be moving well. When u say bull market what is the upper limit u are expecting Do u expect ITC to be a part of this strong upturn?? Kalyanaraman : 1-if our govt.is serious,how much do you expect they can raise by disinvestment in the next 1 year..is this amount sufficient to solve the fiscal deficit problem will any foriegner come forward to buy our PSUs ?2-do you agree with the view of some analysts that govt.should not care about the deficit and should increase spending,which will benefit companies and stock market. Ramesh S. Damani : The program is getting more serious. They need to attract new FII buyers. They should disinvest DD if they had the guts. Quickly. That would help and get them good valuation. Vikram : Do u see much steam left in NIIT, Satyam and HCL Tech (as u and Jayks on CNBC had said u like some second rung beaten down stocks). Please also comment on eserve as it is available today at Rs 150 Ramesh S. Damani : After every bear market we have a bull market. Like day follows night. If that is true, most stocks will do well. That is becuase in a bull market, most stocks go up. That is the definition. Rita : Ramesh, do you expect quicker disinvestment now and which are the companies that you like in these PSUs at current valuations?? Ramesh S. Damani : I do. I recently bought some Container Corp at Rs 130. It could get disinvested next year. Rita : Market seems to have crossed the crucial 3050 mark today. At what level do you expect strong resistance?? Ramesh S. Damani : At 3060-3150 is a gap made after WTC attacks. Market should try and cross that. Rita : Please let me know if Reddys is currently expensive as I have got out of Cipla long ago and want to be in a strong pharma stock. Ramesh S. Damani : Both look good to me over the next few months. Shefali : Where will the Sensex bottom Rameshjee? Ramesh S. Damani : It may have bottomed out at 2600. ashish : I mean UTI Bank. Ramesh S. Damani : I am not bullish on it. tushar : Before commiting to bull phase also pl refer Mr Pinak Mehta on VALUENOTES.COM also pl see his archives. Ramesh S. Damani : You are right. It is too early to call it a new bul market. Sometimes our enthusiasm runs ahead of us. ashish : tisco at this price. do u see any fall in this Ramesh S. Damani : Not comfortable with the steel industry. ashgup : what u suggest for Lakme? Should I wait? Ramesh S. Damani : Looks okay to me. sd : No comments on the credit policy? Ramesh S. Damani : It is a good fix for the situation we are in. Good for markets also. ashgup : Andhra bank at Rs 8.25 can we buy this Ramesh S. Damani : Nothing exciting. rupal : i have some of GACL. what should i do? Ramesh S. Damani : It will do well over the next 1-2years. tushar : have you visited SILVER-INVESTOR.COM if not pl do Ramesh S. Damani : I will try to take a look. Thanks ashgup : telco at this price buy or sell Ramesh S. Damani : Wait for results. They will be bad. Maybe good buy on declines. sd : mtnl is finally listing on nyse. will this boost prospects on the local market? Ramesh S. Damani : Unfortunately too late.Telecom stocks are out of favour worldwide. deb : what do u think of hdfc's results? Ramesh S. Damani : HDFC Banks results were good. mariappanthevar : how to sell the promotees shares which is situated in Delhi Ramesh S. Damani : In which company? I am not sure about your question. ashgup : when u expect badla to be on again Ramesh S. Damani : I think that dream is over. kruti : FM sinha said that it would be up to the industry and trade to take the signals from the central bank and act upon them..that it was upto them to support the credit policy...do u think the policy will be well implemented? Ramesh S. Damani : That is a tough question. Investment climate is still weak. Most business is on the sideline. senthilrajamanokar : I have completed MSc and MCA degree. Now Looking for job in computational field. ur suggestion please Ramesh S. Damani : Sorry can't help in it. Good luck. hemang : mr damani, im very confused..is there a telecom boom worldwide or burst? Ramesh S. Damani : There was a boom. That has been turned into a bust. ashgup : what u feel about bank of india Ramesh S. Damani : Avoid it. ashgup : do u see mkt can go down below 2500 level Ramesh S. Damani : Not at the current time. seshapriya : how does the afghan american war after our stock market please explain? Ramesh S. Damani : Global recession. Uncertainty and slow FII flow are all negative for investments. ashgup : I am into this mkt since 10 yrs and booked only small profitI want to open my FII how can I start Ramesh S. Damani : How do you propose to open an FII a/c??? ashgup : do u seel telco going below rs 57/ Ramesh S. Damani : Not at the current time. Solomon : Hai Ramesh..Will the market ever revive to it's golden era Ramesh S. Damani : It will. Equity markets are cyclical. It took 14 years for this bullmarket in the US to start. Between 1968-1982, Dow traded between 700 and 1000.14 years. Bulltrader : how badly will the depressed tea indusrty affect tata tea?? Ramesh S. Damani : IT will but Tata Tea is at a bargain basement price. Market cap is Rs 600 crores. That is cheap. reema : so if there really is a burst, then is it a good time for MTNL to list on NYSE? Ramesh S. Damani : Beggars cant be choosers. ashgup : BILT to Hold or to Buy more Ramesh S. Damani : Hold on to it. tushar : Here are some scripts i have invested. CRISIL,BASF,Colourchem,Ciba speciality,Unichem,Aventis Crop,FDC,Punjab Tractors,Swaraj Engine, Are they all good? Ramesh S. Damani : They all appear to be good stocks. No tech though. I don't know about FDC. Solomon : But our sensex seeems to b only seeein the downwards....wat u thnk at this moment can b a welcome measure taken by GoI to rev the mrkt? Ramesh S. Damani : It has been rising ove the last two weeks. Maybe the trend has changed. shahabmkhan : How do you see the future of Derivatives in India, as the volumes at present are very low. Ramesh S. Damani : Volumes will pick up eventually. Jackuppity : Hi Ramesh Could you tell us the mystery behind the DOW & Nasdaq climbing in the last couple of sessions despite no fundamentals which seem to indicate such upswings. Do you think the Feds are actively meddling in the market ? Ramesh S. Damani : Dow amazes me. NASDAQ seems to have found its legs. I am still skeptical of the DOW's climb. sanajy : good evening ramesh bhai, what about india hotel - it is almost half of the pre attack where as eih is still at the same rate . shd we buy indian hotels at this rate for investment for say 2 years as 2002 is 100 year of incorporation of the company Ramesh S. Damani : I did. At Rs 500 crores market cap, it seems a steal. It should pay a dividendof Rs 7.5. You get yield. Earnings will be poor for the next 2 quarters. tushar : If it takes 14 yrs to revive? What should one do big chunk of investment in equity market? Ramesh S. Damani : History does not repeat itself exactly. kalyanaraman.. : among the american journals/newpapers/magazines,which one you will suggest for an indian investor to read for general economic knowledge + shares ?..is it wall street news journal or forbes or businessweek..or ..? Ramesh S. Damani : The best is Barrons or barrons.com. Also read Wall street journal, Financial Times, London and Forbes. shahabmkhan : In the present scenario how you see the future of online trading (internet trading) in India, as most of the Co. except ICICIDirect.com are making losses. Ramesh S. Damani : It will be slow. Voice broking is better. ashgup : what about Nath seeds at this price Ramesh S. Damani : Avoid it Bulltrader : All our hopes could be shattered with a major chemical or nuclear attack on US. We should be careful. Ramesh S. Damani : Absolutely. That would be a doomsday. Jackuppity : Ramesh what I meant was the pump priming bit is known. Would you suspect covert activity by the FED or its agencies behind the DOW's climb? Ramesh S. Damani : I am cynical but not that much. It is too big a market to bemanipulated. prabu : what will happen if the RBI keeps on reducing the CRR and SLR ? Also I see RBI supporting the rupee against the $ quite often ?? Ramesh S. Damani : This is the last cut. If the rupee falls, they will have to raise interest rates. Mahesh : Hello Mr Damani. What will be India's growth this year, why can't it be above 8%? Ramesh S. Damani : It will be above 5%. The government needs to get its act together for an 8% growth. We can't do it. ashwin_jain : Rameshji by when we can expect sebi to come out with online trading on bse and online trading for options and futures? Ramesh S. Damani : We have online trading at BSE. arung : is there any way of making dollar equal to 1 rupee. Ramesh S. Damani : If we wind 5 trillion tons of hold in India? shahabmdkhan : Sir online trading is a success in Countries like USA, Europe etc, then why not India. Ramesh S. Damani : Labour is costly there not in India. prabu : Is gold still a standard used to determine the value of a currency ?? Ramesh S. Damani : Ultimately yes. THough after Bretten woods we moved away from the gold standard. rajesh_760 : ramesh ji please identify some potential good biotech companies or life sciences companies for the future ,what do u think about jupiter bio sciences Ramesh S. Damani : Look at Panacea Biotec. tushar : you start beleiving in fate when in spite of all the bad news,global slowdown,bad microecomic conditions,very week consumers index,etc. still market is moving up. it proves that mkt has his own intelligence. Ramesh S. Damani : Absolutely. Market is 6 months ahead of the economy. Bull Markets climb a wall of worry. shahabmdkhan : SIR WHAT IS THE ROLE OF TECHNOLOGY IN STOCK MARKET AND HOW IT CAN HELP A COMMON INVESTOR. Ramesh S. Damani : Makes life simpler. THe physical floor has been replaced by online trading. Better for all. Also lets you pick stocks through the internet etc. mohan : what do u suggest about reliance petro for investment? Ramesh S. Damani : Too expensive for my tastes. kalyanaraman.. : SOME 'INTELLIGENT GUYS'.I.E.guys who think that they are intelligent wrote in many newspapers that badla is the root cause of all manipulations and problems..now badla has been banned ?volumes have plummetted ...what have these analysts achieved ?will you vote for badlas' return ? Ramesh S. Damani : I would in a flash. It is not coming back though. vetukuri : Rameshji..I have around 4000 shares of Jindal Vijayanagar Steel shares...should sell or keep Ramesh S. Damani : I am not enthusiastic about steel shahabmdkhan : SIR WHAT ARE THREE MAIN REASON YOU SEE FOR CURRENT GLOBAL SLOWDOWN. Ramesh S. Damani : September 11 attacks on WTC. Declining consumer confidence. jack : Sir is it worth investing in shares in a country like India where the market is so sensitive that even a small change in the ministry affects it? Ramesh S. Damani : Most traders love the volatality. India if it gets its act right is too important to ignore. jain : if we ask every indian to take out their gold i think we shd have 5 trilion tons of gold with in india- what do you say Ramesh S. Damani : The physical stock of gold is small. We are a nation of gold bugs. shahabmdkhan : SIR HOW DO YOU SEE THE FUTURE OF TECHNOLOGY SHARES, SHOULD ONE TAKE LONG TERM POSITION IN THEM. Ramesh S. Damani : I would buy some tech at this point. roh_raj@rediffmail.com : Which are the best stocks to pick up from any sector for long-term. Ramesh S. Damani : The ones with the best management and track record. ansii : ramesh thanks for the investment advice last week. u asked me to invest in mcdowell. could u give me some more advice Ramesh S. Damani : You are welcome. No new ideas. concerned : RAMESHJI, IS IT the RIGHT TIME TO BE BULLISH ON G E O M E T R I C S O F T W A R E? Ramesh S. Damani : Sure. They are doing well. I own some. vsr : How can badla ban impact be measured at this stage. Now badla ban had taken a complete back seat and other external factors are influencing the market. Am I right? Ramesh S. Damani : Correct. However the damage has been done in terms of volume and lack of ability by players to leverage. Bush : Dear Mr Ramesh, Good Evening, Today ICICI was the biggest gainer. Should I accumulate or sell. Ramesh S. Damani : I would book some profits. sun : hello mr.damani, Do you advise investing at this point of time in equity??/ Ramesh S. Damani : I do. Build a portfolio for the next 2 years. maneesh : and how much do u think a person of small savings should invest in equity? Ramesh S. Damani : It is one way to become rich. Invest wisely and not on tips. THe Infy investors are laughing all the way to the bank. Mandar : What is the criterion for becoming an office bearer of institutions such as BSE/NSE? Ramesh S. Damani : Apply on a professional basis. Management and ownership is now segregated. prem : I have a UTI's ULIP scheme. Can I continue this scheme as some time I heard wrong things about UTI. Ramesh S. Damani : UTI is in trouble. Be careful. ansii : Could you give us some stock picks. what is your advice on HCL technologies and Mahindra and Mahindra Ramesh S. Damani : I avoid giving tips. If I have a good idea i am happy to share them. Tips is not the purpose of this chat. panchalpi : mr. damani do I have to wait for my q. Ramesh S. Damani : What the Q sureshbabussb : is it possible to make money in trading? how much percentage of traders make money Ramesh S. Damani : It is, but few do. Fewer retain it over the years. bhatia : i heard that HDFC is going to merge with ICICI. Ramesh S. Damani : Unlikely. maneesh : but what percentage of his earning do u think he should invest in equity? Ramesh S. Damani : Start with 50 per cent of your savings. I don't know the details, so this is an estimate. rajesh_760 : ramesh ji, your comment on ,weekly settlement will bring in more players into the market instead of daily settlement. Ramesh S. Damani : They should help a lot. bony : hello Mr Damani, Hi what exactly Chetan Parekh did? Is our trading system so voulnerable such that even brokers can create such huge havoc? Ramesh S. Damani : Ketan Parekh, not Chetan. Sometimes it is a matter of pro-active regulation. KetanAdmirer : Last time you asked me to invest in Mcdowell and I did, thats why Iam asking you for some investment tips. Ramesh S. Damani : I try to give ideas and not tips.Whenever I have a good idea, I am happy to share it. kavita : sir atleast answer one question] Ramesh S. Damani : Throw a new one panchalpi : my q. was corruption affectin stock market Ramesh S. Damani : Corruption affects everything. From school admission to tax. It is our curse. arung : Do you like the current trading style. if you are given oppurtunity to change will you change anything nationally and internationally Ramesh S. Damani : Better and fairer regulation. bony : Ok I agree. But what should be the government roll in making the system more reliable? Do you think is our government is in rite path? Ramesh S. Damani : The problem is the government. Mandar : In light of the variousfrauds that have taken place... dontu think it is necessary to investigate level of Assets of the each individual BSE Board member over the last 15 years? Won't the trend lineindicate the level of his/her involvement? Ramesh S. Damani : That is a poor suggestion. Why should we believe that you get rich only by bad works. There are a lot of honest rich people. ashgup : TATAFIN UR OPNION PLS RPLY I HAVE 1500 WITH AN AVG OF 30 Ramesh S. Damani : Company has just lost Rs 400 crores plus. Avoid it. balajisingh : Sir will u answer my question about pentamedia and pentasoft..... Ramesh S. Damani : I would avoid both of these. shahabmohadkhan : SIR HOW DO YOU SEE THE FUTURE OF STOCK BROKERS, AS THE RECENT MARKET HAS RESULTED IN DEATH KNELL FOR MANY OF THEM, WHAT THEY CAN DO TO RECOVER. Ramesh S. Damani : Darwins Law. The weak will have to fold. kavita : i agree sir: there are a lot of honest rich people Ramesh S. Damani : Thanks Kavita. We don't appreciate them enough. Read the Forbes 400 richest people list. You will begin to appreciate them. panchalpi : how our curse regarding corruption be eliminated please show some ways and means. Ramesh S. Damani : It takes one brave politician. Some leadership. It won't happen though. It will kill our country, NirmalDamani : I would like to go for online trading..Iam a small Investor... Which one should i prefer... ICICIDIRECT.COM, 5PAISA.COM or HOMETRADE.COM. Would request you to answer this...... please Ramesh S. Damani : They are all fine. ICICI is a large insttitution so may be better. ganesh : in India i feel there are more bad rich ppl than hones rich becos of our system sir Ramesh S. Damani : That is not the fault of the honest rich but our systems. vb : KINDLY KINDLY ANSWER GLOBAL TELE SYSTEMS BUY OR NOT Ramesh S. Damani : Avoid it. rajesh_760 : ramesh ji , all these years have u gained or lost in your profession, your comment/advice in taking share trading as a profession, i am an mba finance guy,doing online trading. Ramesh S. Damani : I pay my bills so I must make money. It's exciting, but tough. Basava : Hello Mr Ramesh I have invested in Sun F&c Mutual Funds , is it appropriate to redeem it immediately or wait for a certain period of time let me know Ramesh S. Damani : Its hard to answer the question without details. arung : ciprofloxin company shares will rise due to anthrax scare. can we think it. Ramesh S. Damani : Sure. Cipla is the best bet. chanti : Kindly Answer. Hello Mr Ramesh I have invested in Sun F&c Mutual Funds , is it appropriate to redeme it immediately or wait for a certain period of time let me know Ramesh S. Damani : Market may be in a upmove. I would wait some time and check perfroamance vis-a-vis the index roh_raj@rediffmail.com : my question on Colgate is still unanswered Ramesh S. Damani : Please send it again. jhai : How would stocks of cipla move about with traces of anthrax in karnataka ? Ramesh S. Damani : Higher. Thanks all for joining. See you next week. Bye., | |